Document:

EX-10.1

 EXHIBIT 10.1 

The Rockefeller University 

License Agreement 
 This Agreement
(this “Agreement”) is between The Rockefeller University, a New York nonprofit corporation (“Rockefeller”), and ContraFect Corporation, a Delaware corporation (“Company”). This Agreement will become
effective on July 12, 2011 (the “Effective Date”). 
 BACKGROUND 

Rockefeller owns certain intellectual property developed by Dr. Vincent Fischetti relating to lysins and their use for prevention and treatment of human
disease. Rockefeller also owns certain applications for United States letters patent relating to the intellectual property. Company desires to obtain an exclusive license under the patent rights to exploit the intellectual property. Rockefeller has
determined that the exploitation of the intellectual property by Company is in the best interest of Rockefeller and is consistent with its educational and research missions and goal. 

In consideration of the mutual obligations contained in this Agreement, and intending to be legally bound, the parties agree as follows: 

 

	1.	LICENSE 

 1.1 License Grant. Rockefeller grants to Company, and Company accepts,
subject to the terms and conditions of this Agreement, a world-wide license (i) under Rockefeller Patent Rights to discover, develop, make, have made, use, import, lease, sell and offer for sale Licensed Products and (ii) to use
Rockefeller Technical Information and Rockefeller Materials to discover, develop, make, have made, use, import, lease, sell and offer for sale Licensed Products (the “Licenses”). The Licenses are granted solely in the Field of Use
during the Term (as such terms may be defined in Sections 1.2 and 6.1), and include the right to sublicense under the conditions of Section 1.5. Rockefeller grants no other rights or licenses. 

The License is exclusive for Rockefeller Patent Rights and is non-exclusive for Rockefeller Technical Information and Rockefeller Materials, subject to the
conditions of Section 1.3. 
 1.2 Related Definitions. The term “Rockefeller Patent Rights” means all patent
rights represented by or issuing from: (a) the United States patent applications listed in Exhibit A; (b) any continuation, continuation-in-part, divisional and re-issue applications whose claims are entitled to the benefit of the priority
date of the applications in (a); and (c) any foreign counterparts and extensions of (a) or (b). 
 The term “Licensed
Products” means Patent Products and/or Other Products. 
 The term “Patent Products” means any product, process or
service that is discovered, developed, made, made for, used, imported, leased, sold or offered for sale by Company or its Affiliates or sublicensees that in the absence of this Agreement, would infringe at least one issued or pending claim of the
Rockefeller Patent Rights. 

 The term “Other Products” means any product, process or service that is
discovered, developed, made, made for, used, imported, leased, sold or offered for sale by Company or its Affiliates or sublicensees that involves the use or incorporation of Rockefeller Technical Information or Rockefeller Materials. 

The term “Rockefeller Technical Information” means know-how, technical information and data developed at Rockefeller in the
laboratory of Dr. Fischetti prior to the Effective Date and provided to Company, including but not limited to information contained in the patents and the patent applications listed in Exhibit A and any other technical information disclosed or
referenced in Exhibit A. 
 The term “Rockefeller Materials” means any tangible material delivered to Company, including
but not limited to those materials listed on Exhibit A., and any progeny or derivatives thereof developed by Company, its Affiliates and sublicensees. 

The term “Affiliate” means a legal entity that is controlling, controlled by or under common control with Company and that
has executed either this Agreement or a written Joinder Agreement agreeing to be bound by all of the terms and conditions of this Agreement. For purposes of this Section 1.2, the word “control” means (x) the direct or
indirect ownership of more than fifty percent (50%) of the outstanding voting securities of a legal entity, (y) the right to receive fifty percent (50%) or more of the profits or earnings of a legal entity, or (z) the right to
determine the policy decisions of a legal entity. 
 The term “Field of Use” means prophylactic and therapeutic use of
lysins in humans. Field of Use expressly excludes the use of lysins directly or indirectly for vaccines, small molecule antibiotics, laboratory reagents, or diagnostic purposes. 

1.3 Reservation of Rights by Rockefeller. Rockefeller reserves the right to use Rockefeller Patent Rights, Rockefeller Technical
Information and Rockefeller Materials for educational and academic research purposes only and Rockefeller retains the right to publish data from such research or present such research at scientific forums. Rockefeller reserves the rights to license
to other commercial entities the Rockefeller Patent Rights, Rockefeller Technical Information and Rockefeller Materials outside the Field of Use. Rockefeller also reserves the right to permit other non-commercial academic entities (“Third Party
Recipients”) to use Rockefeller Technical Information and Rockefeller Materials for educational and academic research purposes. Any such transfer of Rockefeller Materials to Third Party Recipients will be performed by Company in a timely manner
following written request and require the Third Party Recipient to sign the material transfer agreement found in Exhibit B. Rockefeller retains the right to transfer Rockefeller Materials under an appropriate agreement to third parties for
commercial evaluation in an area outside of Field of Use. 
 1.4 U.S. Government Rights. The parties acknowledge that the United
States government retains rights in intellectual property funded under any grant or similar contract with a Federal agency. The Licenses are expressly subject to all applicable United States government rights, including, but not limited to, any
applicable requirement that products, which result from such intellectual property and are sold in the United States, must be substantially manufactured in the United States. 

  
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 1.5 Sublicense Conditions. The Company’s right to sublicense granted by Rockefeller
under the License is subject to each of the following conditions: 
 (a) In each sublicense agreement, Company will prohibit the sublicensee
from further sublicensing and require the sublicensee to comply with the terms and conditions of this Agreement. 
 (b) Within thirty
(30) days after Company enters into a sublicense agreement, Company will deliver to Rockefeller a complete and accurate copy of the entire sublicense agreement written in the English language. Rockefeller’s receipt of the sublicense
agreement, however, will constitute neither an approval of the sublicense nor a waiver of any right of Rockefeller or obligation of Company under this Agreement. 

(c) Company’s execution of a sublicense agreement will not relieve Company of any of its obligations under this Agreement. Company is
primarily liable to Rockefeller for any act or omission of an Affiliate or sublicensee of Company that would be a breach of this Agreement if performed or omitted by Company, and Company will be deemed to be in breach of this Agreement as a result
of such act or omission. 
  

	2.	DILIGENCE 

 2.1 Development Plan. Company will deliver to Rockefeller, within
ninety (90) days after the Effective Date, a copy of an initial development plan for the Rockefeller Patent Rights (the “Development Plan”). The purpose of the Development Plan is (a) to demonstrate Company’s
capability to bring the Rockefeller Patent Rights to commercialization, (b) to project the timeline for completing the necessary tasks, and (c) to measure Company’s progress against the projections. Thereafter, Company will deliver to
Rockefeller an annual updated Development Plan no later than each anniversary of the Effective Date. The Development Plan will include, at a minimum, the information listed in Exhibit B. 

2.2 Company’s Efforts. Company will use commercially reasonable efforts to develop, commercialize, market and sell Licensed
Products in a manner consistent with the Development Plan. Repeated failure to achieve objectives in the Development Plan may be treated as a material breach of this Agreement and a cause for termination in accordance with Section 6.2. 

2.3 Diligence Resources. Until the first commercial Sale (as defined in Section 3.4 of the first Licensed Product, Company,
Affiliates and sublicensees will expend resources in the development and commercialization of the Licensed Products of amounts not less than the diligence minimums specified in the table below in each 12-month period following the Effective Date.
Such diligence expenses include, but are not limited to, documented expenses for research and development, clinical trials, regulatory compliance, manufacturing design and administrative costs (directly related to the Licensed Products). If
Company’s total expenditures for development and commercialization of Licensed Products in any 12-month period do not meet or exceed the applicable diligence minimum, then Company will pay to Rockefeller the amount of the shortfall. Company
will make any payments of the shortfall to Rockefeller together with the next royalty report due to Rockefeller under Section 4.1. 
  

							
	 12 MONTH PERIOD:
	  	Year 1	  	Year 2	  	Year 3 and thereafter
	 DILIGENCE MINIMUMS:
	  	$750,000	  	$1,000,000	  	$1,000,000

  
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 2.4 Third Party Offer. In the event that Rockefeller is given a written offer by an entity
to license Rockefeller Patent Rights to develop and commercialize a Licensed Product that is not under active commercial development by Company, Company will, within one hundred eighty (180) days, either (i) offer a sublicense to such
entity on reasonable commercial terms, (ii) present a credible development plan to Rockefeller to pursue development of such Licensed Product and begin to execute that plan, or (iii) return the rights to develop such Licensed Product to
Rockefeller. 
  

	3.	FEES AND ROYALTIES 

 3.1 License Initiation Fee. In partial consideration of the
Licenses, Company will pay to Rockefeller on the Effective Date a non-refundable, non-creditable license initiation fee of $100,000. 
 3.2
Equity Issuance. In partial consideration for the License, Company will issue to Rockefeller, on the close of Series C funding, 30,303 shares of Preferred Stock of the Company. The issuance of equity to Rockefeller will be pursuant to a
Stock Purchase Agreement and related Series C agreements between Company and Rockefeller, substantially similar to the forms attached as Exhibit D (collectively, the “Equity Documents”). 

3.3 License Maintenance Fees. In partial consideration of the Licenses, Company will pay to Rockefeller, on each anniversary of the
Effective Date, the applicable license maintenance fee listed in the table below. Each annual license maintenance fee is nonrefundable; however, the license maintenance fee shall be credited to milestones and royalties subsequently due on Net Sales
earned during the following four Quarters, if any. License maintenance fees paid in excess of milestones and royalties due in such four Quarters shall not be creditable to amounts due for future Quarters. 

The term “Quarter” means each three-month period beginning on January 1, April 1, July 1 and
October 1. 
  

							
	 ANNIVERSARY:
	  	2nd – 4th	    	5th – 7th	    	8th and thereafter
	 LICENSE MAINTENANCE FEE:
	  	$50,000	    	$70,000	    	$100,000

 3.4 Milestone Payments. In partial consideration of the Licenses, Company will pay to Rockefeller the
applicable milestone payment listed in the table below after achievement of each milestone event for each Licensed Product. 
  

					
	MILESTONE	  	PAYMENT	 
	 Approval of IND for a Licensed Product
	  	$	250,000	  
	 Completion of Phase I clinical trial for a Licensed Product
	  	$	250,000	  
	 Completion of Phase II clinical trial for a Licensed Product
	  	$	500,000	  
	 Submission of NDA for a Licensed Product
	  	$	1,500,000	  
	 NDA approval for a Licensed Product
	  	$	2,500,000	  

 3.5 Earned Royalties. In partial consideration of the Licenses, Company will pay to Rockefeller a 5%
royalty on Net Sales of all PATENT PRODUCTS and 2.5% of Net Sales on OTHER PRODUCTS during the Quarter. 

  
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 The term “Net Sales” means the total amount invoiced, or fair market value
attributable to, for each Sale, less Qualifying Costs directly attributable to a Sale and actually identified on the invoice and borne by Company, or its Affiliates or sublicensees. For purposes of determining Net Sales, the words “fair market
value” mean the cash consideration that Company, or its Affiliates or sublicensees would realize from an unrelated buyer in an arms length sale of an identical item sold in the same quantity and at the time and place of the transaction. 

The term “Sale” means any bona fide transaction with an unaffiliated third party for which consideration is received for the
sale, use, lease, transfer or other disposition of a Licensed Product, and a Sale is deemed completed at the time that Company, or its Affiliate or sublicensee receives payment for a Licensed Product. 

The term “Qualifying Costs” means: (a) customary discounts in the trade for quantity purchased, prompt payment or
wholesalers and distributors; (b) credits or refunds for claims or returns that do not exceed the original invoice amount; and (c) prepaid outbound transportation expenses and transportation insurance premiums. In no case will the
Qualifying Costs exceed ten percent (10%) of the gross proceeds, attributable to Sales. 
 3.6 Stacking Protection. If
(a) Company becomes obligated to pay royalties to third parties for technology necessary to develop or manufacture a Licensed Product and (b) the aggregate royalty rate owed by Company to all parties (including Rockefeller) to develop and
manufacture a Licensed Product exceeds twelve percent (12%), then the royalty rate applicable to Rockefeller under Section 3.4 for such Licensed Product will be reduced. Company shall use its best commercial efforts to reduce all third party
royalty rates, so as to reduce the maximum aggregate royalty rate to twelve percent (12%). In no event, however, will the royalty rate applicable to Rockefeller under Section 3.4 for a Licensed Product be reduced to less than two and one half
percent (2.5%) on Patent Products and one and one quarter percent (1.25%) on Other Products. A reduction of the royalty rate in Section 3.4 for one Licensed Product will not affect the royalty rate for another Licensed Product.
Furthermore, no royalty reduction for a Licensed Product will apply unless all third party licensors for the Licensed Product agree to royalty reductions. 

3.7 Sublicense Fees. In partial consideration of the Licenses, Company will pay to Rockefeller a sublicense fee according to the
following table of all payments and the fair market value of all other consideration of any kind received by Company from sublicensees during the Quarter (“Sublicense Consideration”). 

 

					
	TIME PERIOD	  	PERCENTAGE	 
	 Prior to approval of IND
	  	 	30	% 
	 Following approval of IND, but prior to completion of a phase II clinical trial
	  	 	20	% 
	 Following completion of a phase II clinical trial
	  	 	15	% 

 Sublicense Consideration will not include: (a) royalties paid to Company by a sublicensee based upon Sales or Net Sales
by the sublicensee; (b) equity investments in Company by a sublicensee up to the amount of the fair market value of equity purchased on the trading day prior to the public announcement of the investment; (c) loan proceeds paid to Company
by a sublicensee in an arms length, full recourse debt financing; and (d) funding for future research paid to Company by a sublicensee in a bona fide transaction. If Company grants a sublicense that includes, in addition to the Rockefeller
Patent Rights, Rockefeller Materials and Rockefeller Technical Information other 

  
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intellectual property licensed from third parties or owned by Company, the percentage of the Sublicense Consideration due to Rockefeller will be based on the value reasonably attributable to the
Rockefeller Patent Rights, Rockefeller Materials and Rockefeller Technical Information relative to the value of the other intellectual property included in such sublicense. In no event, however, will the percentage of the Sublicense Consideration be
lower than ten percent (10%). 
  

	4.	REPORTS AND PAYMENTS 

 4.1 Royalty Reports. Within sixty (60) days after the
end of each Quarter following first commercial Sale of a Licensed Product, Company will deliver to Rockefeller a report, certified by the chief financial officer of Company, detailing the calculation of all royalties and fees due to Rockefeller for
such Quarter. The report will include, at a minimum: (a) the number of Licensed Products involved in Sales, listed by product, by country; (b) gross consideration invoiced, billed or received for Sales in the Quarter; (c) Qualifying
Costs, listed by category of cost; (d) Net Sales, listed by product, by country; (e) sublicense fees and other consideration received by Company from sublicensees, listed by product, by country; (f) royalties and fees owed to
Rockefeller, listed by category, by product, by country; and (g) any applicable credits resulting from minimum royalty payments. 
 4.2
Payments. All amounts due and paid by Company to Rockefeller under this Agreement shall be non-refundable. Company will pay all royalties and fees due to Rockefeller under Sections 3.3, 3.4, 3.5, and 3.6 within sixty (60) days after the
end of the Quarter in which the royalties or fees accrue. All applicable taxes and other charges such as duties, customs, tariffs, imposts, and government imposed surcharges shall be borne by Company and will not be deducted from payments due
Rockefeller. 
 4.3 Records. Company will maintain, and will cause its Affiliates and sublicensees to maintain, complete and accurate
books and records to verify Sales, Net Sales, and all of the royalties, fees, and other payments payable under this Agreement. The records for each Quarter will be maintained for at least five (5) years after submission of the applicable report
required under Section 4.1. 
 4.4 Audit Rights. Upon reasonable prior written notice to Company, Company and its Affiliates and
sublicensees will provide Rockefeller and its accountants with access to all of the books and records required by Section 4.3 to conduct a review or audit of Sales, Net Sales, and all of the royalties, fees, and other payments payable under
this Agreement. Access will be made available: (a) during normal business hours; (b) in a manner reasonably designed to facilitate Rockefeller’s review or audit without unreasonable disruption to Company’s business; and
(c) no more than once each calendar year during the Term and for a period of five (5) years thereafter. Company will promptly pay to Rockefeller the amount of any underpayment determined by the review or audit plus accrued interest. If the
review or audit determines that Company has underpaid any royalty payment by five percent (5%) or more, then Company will also promptly pay the costs and expenses of Rockefeller and its accountants in connection with the review or audit. In
addition, once annual Sales of Licensed Products exceed Five Million Dollars ($5,000,000), Company will conduct, at least once every two (2) years at its own expense, an independent audit of Sales, Net Sales, and all of the royalties, fees, and
other payments payable under this Agreement. Promptly after completion of the audit, Company will provide to Rockefeller a copy of the report of the independent auditors. 

  
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 4.5 Currency. All dollar amounts referred to in this Agreement are expressed in United
States dollars. All payments will be made in United States dollars. If Company receives payment from a third party in a currency other than United States dollars for which a royalty or fee is owed under this Agreement, then (a) the payment will
be converted into United States dollars at the conversion rate for the foreign currency as published in the eastern edition of the Wall Street Journal as of the last business day of the Quarter in which the payment was received by Company, and
(b) the conversion computation will be documented by Company in the applicable report delivered to Rockefeller under Section 4.1. 

4.6 Place of Payment. All payments by Company are payable to “The Rockefeller University” and will be made to the following
addresses: 
  

			
	 By Electronic Transfer:
	  	 By Check:

		
	 JP Morgan Chase Bank
	  	The Rockefeller University
	 1166 Avenue of the Americas, 16th Floor
	  	Office of Technology Transfer
	 New York, NY 10036
	  	502 Founders Hall
	 Swift code: CHASUS33
	  	1230 York Avenue
	 Account #134-756355
	  	New York, NY 10065
	Routing #: 021000021	  	
	Account Name: The Rockefeller University	  	
	Reference: Technology Transfer/212-327-7116	  	

 4.7 Interest. All amounts that are not paid by Company when due will accrue interest from the date due
until paid at a rate equal to one percent (1%) per month (or the maximum allowed by law, if less). 
  

	5.	CONFIDENTIALITY AND USE OF ROCKEFELLER’S NAME 

 5.1 Rockefeller’s
Confidential Information. The term “Confidential Information” includes all technical information, inventions, developments, discoveries, software, know-how, methods, techniques, formulae, data, processes, and other proprietary
ideas, whether or not patentable, that Rockefeller identifies as confidential or proprietary at the time it is delivered or communicated to Company or its Affiliates or sublicensees. 

5.2 Company’s Obligation. Company and its Affiliates and sublicensees will maintain in confidence and not disclose to any third
party any Confidential Information. Company will use the Confidential Information only for the purposes of this Agreement. Company will ensure that Company’s employees and its Affiliates and sublicensees have access to Confidential Information
only on a need to know basis and are obligated in writing to abide by Company’s obligations under this Agreement. The obligations under this Section 5.2 will not apply to: (a) information that is known to Company or independently
developed by Company prior to the time of disclosure, in each case, to the extent evidenced by written records promptly disclosed to Rockefeller upon receipt of the Confidential Information; (b) information that is disclosed to Company by a
third party that has the right to make such disclosure; (c) information that becomes patented, published or otherwise part of the public domain as a result of acts by Rockefeller or a third party obtaining such information as a matter of right;
or (d) information that is required to be disclosed by order of United States governmental authority or a court of competent jurisdiction, provided that Company must use its best efforts to obtain confidential treatment of such information by
such agency or court. 

  
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 5.3 Disclaimer. Rockefeller is not obligated to accept any confidential information from
Company, except for the information required by Sections 2.1, 4.1, 6.5 and 12.5. Rockefeller, acting through its Office of Technology Transfer and finance offices, will use its best efforts not to disclose to any third party outside of Rockefeller
any confidential information of Company contained in those reports, subject to exceptions analogous to those contained in Section 5.2(a) – (d) above. Rockefeller bears no institutional responsibility for maintaining the
confidentiality of any other information of Company. Company may elect to enter into confidentiality agreements with individual investigators at Rockefeller that comply with Rockefeller’s internal policies. 

5.4 Use of Rockefeller’s Name. Company and its Affiliates, sublicensees, employees, and agents may not use the name, logo, seal,
trademark, or service mark (including any adaptation of them) of Rockefeller or any Rockefeller school, organization, employee, student or representative, without the prior written consent of Rockefeller which consent shall not be unreasonable
withheld or delayed. Company reserves the right to identify Rockefeller as required by the government, prescribed by law, underwriting for the sale of securities, identification of consultant and origin of Licensed Products in Company literature.

  

	6.	TERM AND TERMINATION 

 6.1 Term. This Agreement will commence on Effective Date
and terminate upon the later of: (a) the expiration or abandonment of the last patent to expire or become abandoned of the Rockefeller Patent Rights; or (b) if no patent ever issues from the Rockefeller Patent Rights, ten (10) years
after the first commercial sale of the first Licensed Product (as the case may be, the “Term”). 
 6.2 Early Termination
by Rockefeller. Rockefeller may terminate this Agreement if: (a) Company is more than sixty (60) days late in paying to Rockefeller any amounts owed under this Agreement and does not pay Rockefeller in full within ten (10) days
following written notice thereof; (b) Company or its Affiliates or sublicensees breaches this Agreement and does not cure the breach within forty five (45) days after written notice of the breach; or (c) Company or its Affiliates or
sublicensees challenges the validity or enforceability of the Rockefeller Patent Rights, or assists or encourages third parties to do so. 

6.3 Early Termination by Company. Company may terminate this Agreement at any time upon sixty (60) days written notice to
Rockefeller and will comply with Sections 6.4(b) through 6.4(d) prior to the date of termination. 
 6.4 Effect of Termination. Upon
the termination of this Agreement for any reason: (a) the Licenses terminate; (b) Company and all its Affiliates and sublicensees will cease all making, having made, using, importing, selling and offering for sale all Licensed Products,
except to extent permitted by Section 6.5; (c) Company will pay to Rockefeller all amounts owed to Rockefeller through the date of termination under this Agreement (and subject to Section 6.5, thereafter, no additional monies shall be
owed by Company); (d) Company will, at Rockefeller’s request, return to Rockefeller all Rockefeller Materials and Confidential Information and provide to Rockefeller copies of all data generated by Company during the Term that will
facilitate the further development of the technology licensed under this Agreement; and (e) in the case of termination under Section 6.2, all duties of Rockefeller and all rights (but not duties) of Company under this Agreement immediately
terminate without further action required by either Rockefeller or Company. 

  
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 6.5 Inventory and Sell Off. Upon the termination of this Agreement for any reason, Company
will cause physical inventories to be taken immediately of: (a) all completed Licensed Products on hand under the control of Company or its Affiliates or sublicensees; and (b) such Licensed Products as are in the process of manufacture and
any component parts on the date of termination of this Agreement. Company will deliver promptly to Rockefeller a copy of the written inventory, certified by an officer of the Company. Rockefeller will have forty-five (45) days after receipt of
the report to challenge the report and request an audit under Section 4.4. Upon termination of this Agreement for any reason, Company will promptly remove, efface or destroy all references to Rockefeller from any advertising or other materials
used in the promotion of the business of Company or its Affiliates or sublicensees in Company’s possession, and Company and its Affiliates and sublicensees will not represent in any manner that it has rights in or to the Rockefeller Patent
Rights or the Licensed Products. Notwithstanding the foregoing; upon the termination of this Agreement, Company may sell off its inventory of Licensed Products existing on the termination date for a period of six (6) months and pay Rockefeller
royalties on Sales of such inventory within thirty (30) days following the expiration of such six (6) month period. 
 6.6
Survival. Company’s obligation to pay all amounts owed to Rockefeller under this Agreement will survive the termination of this Agreement for any reason. Articles 4, 5, 6, 9, 10, and 11, and Section 12.10 and 12.11 will survive the
termination of this Agreement for any reason in accordance with their respective terms. 
  

	7.	PATENT MAINTENANCE AND REIMBURSEMENT 

 7.1 Patent Maintenance. Rockefeller has
controlled the preparation, prosecution and maintenance of the Rockefeller Patent Rights and the selection of patent counsel. Company shall reimburse Rockefeller for all such costs incurred to date. From the Effective Date of this Agreement, Company
desires to manage the preparation, prosecution and maintenance of the Rockefeller Patent Rights with input from Rockefeller. Company and Rockefeller will enter into a Client and Billing Agreement with patent counsel in the form attached as Exhibit
E. 
 7.2 Patent Reimbursement. Within thirty (30) days after the Effective Date, Company shall initiate reimbursement to
Rockefeller for all historically accrued, un-reimbursed attorney’s fees, expenses, official fees and all other charges accumulated prior to the Effective Date incident to the preparation, prosecution and maintenance of the Rockefeller Patent
Rights. 
  

	8.	INFRINGEMENT 

 8.1 Notice. Company and Rockefeller will notify each other promptly
of any infringement of the Rockefeller Patent Rights that may come to their attention. Company and Rockefeller will consult each other in a timely manner concerning any appropriate response to the infringement. 

8.2 Prosecution. Company or Rockefeller may prosecute an action against a third party to protect the Rockefeller Patent Rights,
including an infringement action by mutual agreement. The expenses of such action, including attorney’s fees, expert fees and all other costs and expenses of the litigation, including appeals and settlement processes including alternative
dispute mechanisms, shall be borne by the party instituting the action. The parties shall enter into a joint litigation and defense agreement on mutually agreeable terms. Each party shall execute all necessary and proper documents and take all other
appropriate actions to allow the other party to institute and prosecute 

  
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the action. Any award paid by a third party as a result of such action (whether by way of settlement or otherwise) shall first be applied toward reimbursement of attorney’s fees, expert fees
and all other costs and expenses of the litigation, including appeals and settlement processes including alternative dispute mechanisms; and the excess, if any, shall be allocated between the Parties according to the following ratio: seventy
(70%) percent to the initiating party, thirty (30%) percent to the joining party. 
 8.3 Cooperation. In any litigation
under this Article 8, either party, at the request and expense of the other party, will cooperate to the fullest extent reasonably possible. This Section 8.3 will not be construed to require either party to undertake any activities, including
legal discovery, at the request of any third party, except as may be required by lawful process of a court of competent jurisdiction. 
  

	9.	DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITIES 

 THE ROCKEFELLER PATENT RIGHTS, ROCKEFELLER
MATERIALS, ROCKEFELLER TECHNICAL INFORMATION, LICENSED PRODUCTS, AND ANY OTHER TECHNOLOGY LICENSED UNDER THIS AGREEMENT ARE PROVIDED ON AN “AS IS” BASIS. TO THE KNOWLEDGE OF THE OFFICE OF TECHNOLOGY TRANSFER AT ROCKEFELLER, THERE ARE NO
OUTSTANDING CLAIMS ASSERTED BY OR AGAINST ROCKEFELLER ALLEGING INFRINGEMENT IN CONNECTION WITH THE ROCKEFELLER PATENT RIGHTS, ROCKEFELLER MATERIALS AND ROCKEFELLER TECHNICAL INFORMATION. ROCKEFELLER MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF ACCURACY, COMPLETENESS, PERFORMANCE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, COMMERCIAL UTILITY, NON-INFRINGEMENT OR TITLE. ROCKEFELLER WILL NOT
BE LIABLE TO COMPANY, ITS SUCCESSORS OR ASSIGNS, OR ANY THIRD PARTY WITH RESPECT TO ANY CLAIM: ARISING FROM COMPANY’S USE OF THE ROCKEFELLER PATENT RIGHTS, ROCKEFELLER MATERIALS, ROCKEFELLER TECHNICAL INFORMATION, LICENSED PRODUCTS OR ANY OTHER
TECHNOLOGY LICENSED UNDER THIS AGREEMENT; ARISING FROM THE DEVELOPMENT, TESTING, MANUFACTURE, USE OR SALE OF LICENSED PRODUCTS; OR FOR LOST PROFITS, BUSINESS INTERRUPTION, OR INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES OF ANY KIND. 

 

	10.	INDEMNIFICATION 

 10.1 Indemnification by Company. Company will defend, indemnify,
and hold harmless Rockefeller, and its trustees, officers, faculty, agents, employees and students (each, a “Rockefeller Indemnified Party”) from and against any and all liability, loss, damage, action, claim, or expense suffered or
incurred by the Indemnified Parties, including reasonable attorneys’ fees and expenses (collectively, “Liabilities”), arising out of or resulting from: (a) the development, testing, use, manufacture, promotion, sale or
other disposition of any Rockefeller Patent Rights, Rockefeller Materials or Licensed Products by Company, its Affiliates, sublicensees, assignees or vendors or associated third parties; (b) any material breach of this Agreement by Company or
its Affiliates or sublicensees; and (c) the enforcement of this Article 10 by any Rockefeller Indemnified Party. Liabilities include, but are not limited to: (x) any product liability or other claim of any kind related to use by a third
party of a Licensed Product that was manufactured, sold or otherwise disposed of by Company, its Affiliates, sublicensees, assignees or vendors or third parties; (y) a claim by a third 

  
 10 

 
party that the Rockefeller Patent Rights, Rockefeller Materials or the design, composition, manufacture, use, sale or other disposition of any Licensed Product infringes or violates any patent,
copyright, trade secret, trademark or other intellectual property right of such third party; and (z) clinical trials or studies conducted by or on behalf of Company, its Affiliates, sublicensees, assignees or vendors or associated third parties
relating to the Rockefeller Patent Rights, Rockefeller Materials or the Licensed Products, such as claims by or on behalf of a human subject of any such trial or study. 

10.2 Other Provisions. Company will not settle or compromise any claim or action giving rise to Liabilities in any manner that imposes
any restrictions on obligations on Rockefeller or grants any rights to the Rockefeller Patent Rights or the Licensed Products without Rockefeller’s prior written consent. If Company fails or declines to assume the defense of any claim or action
within thirty (30) days after notice of the claim or action, then Rockefeller may assume the defense of such claim or action for the account and at the risk of Company, and any Liabilities related to such claim or action will be conclusively
deemed a liability of Company. The indemnification rights of the Rockefeller Indemnified Parties under this Article 10 are in addition to all other rights that such indemnified party may have at law, in equity or otherwise. 

 

	11.	INSURANCE 

 11.1 Coverages. Company will procure and maintain insurance policies
for the following coverages with respect to personal injury, bodily injury and property damage arising out of Company’s performance under this Agreement: (a) during the Term, comprehensive general liability, including broad form and
contractual liability, in a minimum amount of $2,000,000 combined single limit per occurrence and in the aggregate; (b) prior to the commencement of clinical trials involving Licensed Products, clinical trials coverage in a minimum amount of
$5,000,000 combined single limit per occurrence and in the aggregate; and (c) prior to the sale of the first Licensed Product, product liability coverage, in a minimum amount of $10,000,000 combined single limit per occurrence and in the
aggregate. Rockefeller may review periodically the adequacy of the minimum amounts of insurance for each coverage required by this Section 11.1, and Rockefeller reserves the right to reasonably require Company to adjust the limits accordingly.
The required minimum amounts of insurance do not constitute a limitation on Company’s liability or indemnification obligations to Rockefeller under this Agreement. 

11.2 Other Requirements. The policies of insurance required by Section 11.1 will be issued by an insurance carrier with an A.M.
Best rating of “A” or better and will name Rockefeller as an additional insured with respect to Company’s performance under this Agreement. Company will provide Rockefeller with insurance certificates evidencing the required coverage
within thirty (30) days after the commencement of each policy period and any renewal periods. Each certificate will provide that the insurance carrier will notify Rockefeller in writing at least thirty (30) days prior to the cancellation
or material change in coverage. 
  

	12.	ADDITIONAL PROVISIONS 

 12.1 Independent Contractors. The parties are independent
contractors. Nothing contained in this Agreement is intended to create an agency, partnership or joint venture between the parties. At no time will either party make commitments or incur any charges or expenses for or on behalf of the other party.

  
 11 

 12.2 No Discrimination. Neither Rockefeller nor Company will discriminate against any
employee or applicant for employment because of race, color, sex, sexual or affectional preference, age, religion, national or ethnic origin, handicap, or veteran status. 

12.3 Compliance with Laws. Company must comply with all prevailing laws, rules and regulations that apply to its activities or
obligations under this Agreement. For example, Company will comply with applicable United States export laws and regulations. The transfer of certain technical data and commodities may require a license from the applicable agency of the United
States government and/or written assurances by Company that Company will not export data or commodities to certain foreign countries without prior approval of the agency. Rockefeller does not represent that no license is required, or that, if
required, the license will issue. 
 12.4 Modification, Waiver and Remedies. This Agreement may only be modified by a written
amendment that is executed by an authorized representative of each party. Any waiver must be express and in writing. No waiver by either party of a breach by the other party will constitute a waiver of any different or succeeding breach. Unless
otherwise specified, all remedies are cumulative. 
 12.5 Inventor Consulting. During the term of this Agreement, Company shall
disclose to Rockefeller’s Office of Technology Transfer (“OTT”) at least 30 days prior to execution any proposed and/or draft amended consulting agreements between the Company and the inventor(s) of Licensed Products. Company
represents that prior to the Effective Date of this Agreement, Company disclosed to OTT all existing and/or draft consulting agreements between the Company and the inventor(s) of Licensed Products. 

12.6 Assignment. Company may not assign this Agreement or any part of it, either directly or by merger or operation of law, without the
prior written consent of Rockefeller. Rockefeller will not unreasonably withhold or delay its consent, provided that: (a) at least thirty (30) days before the proposed transaction, Company gives Rockefeller written notice and such
background information as may be reasonably necessary to enable Rockefeller to give an informed consent; (b) the assignee agrees in writing to be legally bound by this Agreement; and (c) the assignee agrees to deliver to Rockefeller an
updated Development Plan within forty-five (45) days after the closing of the proposed transaction. Any permitted assignment will not relieve Company of responsibility for performance of any obligation of Company that has accrued at the time of
the assignment. Any prohibited assignment will be null and void. 
 12.7 Notices. Any notice or other required communication (each, a
“Notice”) must be in writing, addressed to the party’s respective Notice Address listed on the signature page, and delivered: (a) personally; (b) by certified mail, postage prepaid, return receipt requested;
(c) by recognized overnight courier service, charges prepaid; or (d) by facsimile. A Notice will be deemed received: if delivered personally, on the date of delivery; if mailed, five (5) days after deposit in the United States mail;
if sent via courier, one (1) business day after deposit with the courier service; or if sent via facsimile, upon receipt of confirmation of transmission provided that a confirming copy of such Notice is sent by certified mail, postage prepaid,
return receipt requested. 
 12.8 Severability and Reformation. If any provision of this Agreement is held to be invalid or
unenforceable by a court of competent jurisdiction, then the remaining provisions of this Agreement will remain in full force and effect. Such invalid or unenforceable provision will be automatically revised to be a valid or enforceable provision
that comes as close as permitted by law to the parties’ original intent. 

  
 12 

 12.9 Headings and Counterparts. The headings of the articles and sections included in this
Agreement are inserted for convenience only and are not intended to affect the meaning or interpretation of this Agreement. This Agreement may be executed in several counterparts, all of which taken together will constitute the same instrument. 

12.10 Governing Law. This Agreement will be governed in accordance with the laws of the State of New York, without giving effect to the
conflict of law provisions of any jurisdiction. 
 12.11 Dispute Resolution. If a dispute arises between the parties concerning any
right or duty under this Agreement, then the parties will confer, as soon as practicable, in an attempt to resolve the dispute. If the parties are unable to resolve the dispute amicably, then the parties will submit to the exclusive jurisdiction of,
and venue in, the state and Federal courts located in the State of New York with respect to all disputes arising under this Agreement. 

12.12 Integration. This Agreement, together with all attached Exhibits, contain the entire agreement between the parties with respect
to the Rockefeller Patent Rights and the License and supersede all other oral or written representations, statements, or agreements with respect to such subject matter. 

Each party has caused this Agreement to be executed by its duly authorized representative. 

 

									
	THE ROCKEFELLER UNIVERSITY	 		 	CONTRAFECT CORPORATION
					
	By:	 	/s/ John Tooze	 		 	By:	 	/s/ Barry Kappel
					
	Name:	 	John Tooze	 		 	Name:	 	Barry Kappel
	Title:	 	 Vice President
 Scientific and Facilities
Operations
	 		 	Title:	 	 Vice President
 Business
Development

			
	Address:	 	Address:	 	
				
		 	The Rockefeller University	 		 	ContraFect Corporation
		 	Office of Technology Transfer	 		 	28 Wells Avenue
		 	1230 York Avenue, Box 138	 		 	Third Floor
		 	New York, NY 10065	 		 	Yonkers, NY 10701
				
	Required copy to:	 		 		 	
					
		 	The Rockefeller University	 		 		 	
		 	Office of General Counsel	 		 		 	
		 	1230 York Avenue, Box 81	 		 		 	
		 	New York, NY 10065	 		 		 	

  
 13 

 EXHIBIT A 

Rockefeller Patent Rights 
  

					
	 RU File Number
	  	 Lysin Name
	  	 Patent/Publication

	1025	  	Ply SS	  	61/477,836

 Rockefeller Materials 

1. DNA clones of PlySS1 and PlySS2 

2. Small quantities of these respective lysin proteins (1-5 mg) if available 

3. Polyclonal rabbit antiserum (1-5 ml) to each lysin when available 

4. Bacterial strain for each lysin that is sensitive to the respective lysin 

  
 14 

 EXHIBIT B 

Material Transfer Agreement Form 

MATERIAL TRANSFER AGREEMENT 
 ContraFect
Corporation (“Provider”) agrees to provide
                                (“Recipient”) with certain research
material requested by Recipient for use by its scientist,
                                (“Scientist”), subject to the
terms and conditions set forth in this Material Transfer Agreement (the “Agreement”). 
 Background 

1. This Agreement applies to the transfer of
                                proprietary to The Rockefeller University and
licensed to Provider, and to any progeny and unmodified derivatives thereof (the “Material”), for use in Scientist’s research relating to the study of
                                (the “Research”).  

2. The transfer of Material constitutes a non-exclusive license to use the Material solely for the non-commercial internal scientific research of Recipient.
The Material will be used in Scientist’s laboratory by Scientist and laboratory personnel under Scientist’s immediate and direct control and shall not be transferred to any third party. 

3. Prior to transfer of Material, Recipient will provide Provider a Research Plan (“Research Plan”) and agree not to conduct research outside of the
Research Plan. 
 4. The Material will not be used in research that is subject to consulting, licensing, sponsored research or similar obligations to
another commercial entity, unless written permission is first obtained from Provider. 
 Inventions 

5. Legal title to the Material shall be unaffected by this Agreement or the transfer made hereunder. Inventorship on new inventions will be determined
according to US patent law. Any inventions or discoveries made in the course of the Study that incorporate Materials (“Inventions”) made solely by Recipient employees or agents (“Recipient Sole Inventions”) shall belong to
Recipient. Recipient shall promptly disclose potentially patentable Inventions to Provider. At Provider’s request and expense, Recipient shall promptly prepare, file and/or maintain patent applications or issued patents in the United States and
foreign countries for any such Inventions. Any Inventions made in the course of the Study jointly by Recipient employees or agents and by Provider’s employees or agents (“Joint Inventions”) shall be jointly owned by Recipient and
Provider. Provider shall have the rights to obtain patent protection in the United States and foreign countries for Joint Inventions, at its expense, unless otherwise agreed upon by the parties. 

License and Option 
 6. Recipient hereby grants to
Provider a non-exclusive, royalty-free, worldwide license, to each Recipient Sole Invention. Recipient hereby grants to Provider an option to obtain an exclusive worldwide license, to each Recipient Sole Invention and to Recipient’s interest in
any Joint Inventions, on commercially reasonable terms. The option shall extend for a period of nine (9) months following disclosure of the Invention to Provider. License terms will be negotiated in good faith. In the event the parties fail to
reach a mutually acceptable agreement within twelve (12) months after commencing negotiations, Recipient shall be entitled to negotiate a license with a third party for such Invention. 

  
 15 

 Publication 

7. If Scientist and Recipient wish to publish results of the Research utilizing Materials, Scientist will furnish Provider with a copy of the manuscript or
abstract disclosing such results not less than sixty (60) days prior to publication to allow Provider an opportunity to protect proprietary or intellectual property relating to the Material that might be contained in such disclosure. If
Provider notifies Recipient during sixty day period that Provider proposes to file, or to request Recipient to file, patent applications relating to Inventions contained in any such publication or presentation, disclosure will be delayed whereby
such delay shall not exceed an additional thirty (30) days. Scientist and Recipient shall acknowledge Provider as the source of the Material in any publication of Research results. 

Confidentiality 
 8. Provider will hold as confidential
any disclosures made under Paragraphs 4 and 6. 
 Indemnification 

9. Scientist and Recipient will bear all risk resulting from use, directly or indirectly, of the Material and shall indemnify and hold harmless Provider and
its affiliates, officers, directors, and employees against all liabilities and claims arising out of or in connection with the use of the Material, excepting those arising from any defects in the Material caused by the negligence or willful
misconduct of Provider. 
 No Warranty 
 10. The
Material is experimental in nature and shall be used with prudence and appropriate caution, since not all of its characteristics are known. THE MATERIAL IS PROVIDED WITHOUT WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR ANY
OTHER WARRANTY, EXPRESS OR IMPLIED. Provider makes no representation or warranty that the use of the Material will not infringe any patent or other proprietary right. 

Termination 
 11. This Agreement will terminate upon
completion of Research. Upon termination, Scientist shall return to Provider any unused samples of the Material following written request from Provider. 

Research Plan and Transfer to Third Parties 
 12. It is
agreed that should the Recipient conduct research outside of the Research Plan, any Inventions resulting from such research in breach of this Agreement would be assigned to the Provider. 

13. A transfer of Material by Recipient to a third party shall be considered a breach of this Agreement. Recipient acknowledges and agrees that irreparable
injury and damage could result from the breach of its obligation hereunder with respect to transfer of Materials to third parties, and that monetary damages might not be a sufficient remedy for any breach of this Agreement by Recipient and that the
Provider shall be entitled to injunctive relief as a remedy for any such breach. 
 Miscellaneous 

14. The Material is provided to Recipient for use in animals or in vitro. The Material will not be used in humans, including for purposes of diagnostic
testing. Scientist and Recipient will use the Material in compliance with all laws, governmental regulations and guidelines, including without limitation current NIH guidelines and any regulations or guidelines pertaining to research with
recombinant DNA, which may be applicable to the Material. 

  
 16 

 15. This Agreement is not assignable. This Agreement is governed by the laws of the State of New York. 

 

									
	ContraFect Corporation	 		 	Recipient
					
	By:	 	 	 		 	By:	 	 
	Name:	 	 	 		 	Name:	 	 
	Title:	 	 	 		 	Title:	 	 
	Date:	 	 	 		 	Date:	 	 
					
		 		 		 	Scientist:	 	 
		 		 		 	Date:	 	 

  
 17 

 EXHIBIT C 

Development Plan Report Requirements 
  

	 	•	 	Date of Development Plan Progress Report and time covered by such report. 

  

	 	•	 	Major research and commercialization activities completed by Company and/or third parties since the most recent Development Plan Progress Report. 

 

	 	•	 	Significant research and development projects currently being performed by COMPANY and/or third parties at the time Development Plan Progress Report is submitted, and projected date of completion. 

 

	 	•	 	Significant development activities to be undertaken by Company and/or third parties during the next calendar year. 

  

	 	•	 	Significant changes to the Development Plan and previous Development Plan Progress Reports submitted to Rockefeller, including the reasons for the changes and future variables that may cause additional changes.

  

	 	•	 	Dates of all reports made available to shareholders during the reporting period, including 10-K and 10-Q filings made to the United States Securities and Exchange Commission. 

  
 18 

 EXHIBIT D 

Equity Documents 

  
 19 

 EXHIBIT E 

Client And Billing Agreement Form 
 The
Rockefeller University (“Rockefeller”), a New York non-profit education corporation doing business at 1230 York Avenue, New York, NY 10021; and ContraFect Corporation (“Company”), a corporation doing business at 28 Wells Avenue,
3rd Floor, Yonkers, NY 10701, have entered into a License Agreement with respect to certain inventions which are the subject of the patent applications and patents listed in Appendix A hereto,
including any continuations, divisions, extensions thereof, and any foreign counterpart patents, applications, or registrations (“Patent Rights”); 

Rockefeller has retained the services of Klauber & Jackson (“Law Firm”), with offices at 411 Hackensack Avenue, Hackensack, NJ 07601 , to
prepare, file and prosecute the pending patent applications constituting the Patent Rights and to maintain the patents that issue thereon; 
 Rockefeller,
Company and Law Firm, intending to formalize their business relationships, agree as follows: 
  

	1.	Rockefeller is the owner of the Patent Rights 

  

	2.	Company is the licensee of Rockefeller’s interest in the Patent Rights. 

  

	3.	Rockefeller shall maintain its existing attorney-client relationship with Law Firm in furtherance of efforts to secure and maintain the Patent Rights. 

 

	4.	Law Firm will interact directly with Company on all patent prosecution and patent maintenance matters related to the Patent Rights and will copy Rockefeller on all correspondence related thereto. Company and Law Firm
agree to use all reasonable efforts to notify Rockefeller in writing at least thirty (30) days prior to the due date or deadline for any action which could adversely affect the pending status of any patent application within the Patent Rights,
the maintenance of any granted patent within the Patent Rights, Rockefeller’s right to file any continuing application or foreign counterpart application based on the Patent Rights, or the breadth of any claim within the Patent Rights. In any
case, Company shall give Rockefeller written notice of any final decision regarding the action to be taken or not to be taken on such matters prior to instructing Law Firm to implement the decision. Rockefeller reserves the right to countermand any
instruction given by Company to Law Firm. 

  

	5.	Law Firm’s legal services relating to the Patent Rights will be performed on behalf of Rockefeller. Law Firm shall invoice Company directly for all work relating to the filing, prosecution and maintenance of the
Patent Rights and shall provide copies of all invoices to Rockefeller. Company is responsible for the payment of all charges and fees so invoiced by Law Firm. Company will pay invoices directly to Law Firm and copy Rockefeller on each payment.

  

	6.	To clarify each party’s position with regard to prosecution and maintenance of the Patent Rights, either Rockefeller or Company will notify Law Firm in writing of all decisions to authorize the performance of any
desired service(s), which shall be subject to Rockefeller’s right to countermand, as provided in paragraph 4, above. In the event Rockefeller countermands any decision or instruction of Company, such countermand shall be promptly communicated
in writing to Law Firm and Company. 

  

	7.	 This agreement represents the complete understanding of each of the undersigned parties as to the client and billing arrangements defined herein.
Additions or deletions of dockets identified in Appendix A will become effective only by written addendum to Appendix A. All such additions or deletions of individual patents or applications filed in the US, or as foreign counterparts thereof are
considered to be within the terms of this client and billing agreement. 

	8.	Notices and copies of all correspondence relating to the Patent Rights should be sent to the following: 

  

			
	TO ROCKEFELLER:	 	TO COMPANY:
		
	Office for Technology Transfer	 	
	The Rockefeller University	 	
	1230 York Ave. Box 81	 	
	New York, NY 10021	 	
	Attn: Director	 	Attn:
		
	To Law Firm:	 	

 ACCEPTED AND AGREED TO: 

									
			
	THE ROCKEFELLER UNIVERSITY	 		 	COMPANY
					
	By:	 	 	 		 	By:	 	 
	Name:	 	 	 		 	Name:	 	 
	Title:	 	 	 		 	Title:	 	 
	Date:	 	 	 		 	Date:	 	 
				
	LAW FIRM	 		 		 	
					
	By:	 	 	 		 		 	
	Name:	 	 	 		 		 	
	Title:	 	 	 		 		 	
	Date:	 	 	 		 		 	

  
 21 

 Appendix A 

COMPANY LICENSED TECHNOLOGIES 
  

											
	ROCKEFELLER
Docket Number	  	Law Firm Docket
Number	  	13	  	Title	  	14	  	 Patent

Number

  
 22EX-10.2

 EXHIBIT 10.2 

LEASE AGREEMENT 
 THIS LEASE
AGREEMENT (“Lease”) made as of the date and year set forth below, by Hudson View Building #3 LLC (“Landlord”), having an address at 485 West Putnam Avenue, Greenwich, Connecticut, 06830 and ContraFect Corporation, a Delaware
corporation (“Tenant”), having an address at 469 7th Avenue, New York, New York 10018. 

WITNESSETH: 
 1. BASIC LEASE PROVISIONS
AND ENUMERATION OF EXHIBITS 
  

	 	1.1.	Basic Lease Provisions. 

  

	 	a.	ADDRESS OF LANDLORD: 485 West Putnam Avenue, Greenwich, Connecticut 06830. 

  

	 	b.	COMMON AREA: That area more particularly described on Exhibit A attached hereto. 

  

	 	c.	BUILDING: The improvements at 28 Wells Avenue, Yonkers, New York known as i.park Hudson, Building #3 and more particularly described on Exhibit A-1. 

 

	 	d.	DATE OF LEASE: December 1, 2010 

  

	 	e.	EFFECTIVE DATE: The date on which this Lease is fully executed and delivered by Landlord and Tenant, and when Tenant delivered to Landlord, simultaneously with Tenant’s delivery of the Tenant-executed lease.

  

	 	f.	EXPIRATION DATE: The fifteen (15) year anniversary of the Rent Commencement Date, subject to the applicable option periods. 

  

	 	g.	I.PARK. That parcel of land and the improvements thereon known as i.park Hudson, Yonkers, NY and shown on Exhibit A attached hereto. 

 

	 	h.	Intentionally omitted. 

  
 1 

	 	i.	LANDLORD’S LABORATORY SPACE WORK: Certain interior leasehold improvements to be performed by Landlord to the Laboratory Space at the Tenant’s sole cost and expense in the amount of $ 1,409,414.00, except
for the Landlord Allowance as provided in this paragraph. The Laboratory Space Work is referenced in Section 15.2 and is more particularly described in Exhibit D attached hereto and made a part hereof. Tenant shall pay Landlord
every three weeks for work performed based on the AIA Construction Schedule attached hereto as Exhibit F. Tenant shall have their own representative to approve such work. Provided Tenant has paid for all of the Laboratory Space Work to
Landlord’s satisfaction and provided Tenant is not in default under any of the terms and conditions of this Lease beyond applicable notice and cure periods, Landlord shall give Tenant a construction allowance (“Landlord Allowance”) in
the amount of $56.00 per square foot for Tenant’s Work to construct the Laboratory Space (at 6,565 square feet, the Landlord Allowance would total $367,640.00). This construction allowance will be paid by Landlord directly to the applicable
contractor(s) on Tenant’s behalf. Landlord’s Laboratory Space work must be completed and a temporary and/or permanent Certificate of Occupancy issued for the Laboratory Space by June 30, 2011 TIME BEING OF THE ESSENCE.

  

	 	j.	LANDLORD’S OFFICE SPACE WORK: Landlord to provide turnkey build-out of Office Space at Landlord’s sole cost and expense as more particularly described in Exhibit C attached hereto and made a part hereof.
Tenant to reimburse Landlord an amount not to exceed $230,000 for Tenant upgrades as shown on Exhibit C. Landlord’s Office Space work must be completed and a temporary and/or permanent Certificate of Occupancy issued for the Office
Space by June 30, 2011 TIME BEING OF THE ESSENCE. 

  

	 	k.	LEASE COMMENCEMENT DATE: The date on which the Office and Laboratory Space are delivered to Tenant for occupancy in accordance with New York State, Westchester County and Yonkers Building Codes and with a temporary
and/or final Certificate of Occupancy. Furthermore, this is the date that Tenant shall start to first pay rent. However, if Landlord obtains a Temporary Certificate of Occupancy it must continue to extend it throughout the lease terms and ultimately
obtain a Final Certificate of Occupancy. 

  

	 	l.	LEASED PREMISES: Approximately 15,040 rentable square feet located on the western side of the 3rd floor of the Building, as more particularly shown on Exhibit B
attached hereto. 

  
 2 

	 	m.	MINIMUM ANNUAL RENT 

 Initial Term: 

 

											
	 Year
	 	 Per Year
	    	 Per Month

	 1.
	 	$329,192.00	    	$27,981.32
	 2.
	 	$335,775.84	    	$27,432.67
	 3.
	 	$342,491.36	    	$28,540.95
	 4.
	 	$349,341.18	    	$29,111.77
	 5.
	 	$356,328.01	    	$29,694.00
	 6.
	 	$363,454.57	    	$30,287.88
	 7.
	 	$370,723.66	    	$30,893.64
	 8.
	 	$378,138.13	    	$31,511.51
	 9.
	 	$385,700.89	    	$32,141.74
	 10.
	 	$393,414.91	    	$32,784.58
	 11.
	 	$401,283.21	    	$33,440.27
	 12.
	 	$409,308.88	    	$34,109.07
	 13.
	 	$417,495.05	    	$34,791.25
	 14.
	 	$425,844.95	    	$35,487.08
	 15.
	 	$434,361.85	    	$36,196.82

 The foregoing schedule of Minimum Annual Rent is based on $24.00 per rentable square foot for the Office
Space (to consist of 8,475 rentable square feet of the Leased Premises) and $19.19 per rentable square foot for Laboratory Space (to consist of 6,565 rentable square feet of the Leased Premises) for the first year of the Term (collectively the base
rent for the Office Space and the base rent for the Laboratory Space shall be the “Minimum Annual Rent”). 
 First Renewal
Term: 
  

											
	 Year
	 	 Per Year
	    	 Per Month

	 1.
	 	$443,049.09	    	$36,920.76
	 2.
	 	$451,910.07	    	$37,659.17
	 3.
	 	$460,948.27	    	$38,412.36
	 4.
	 	$470,167.24	    	$39,180.60
	 5.
	 	$479,570.58	    	$39,964.22

 Second Renewal Term: 
  

											
	 Year
	 	 Per Year
	    	 Per Month

	 1.
	 	$489,162.00	    	$40,763.50
	 2.
	 	$498,945.24	    	$41,578.77
	 3.
	 	$508,924.14	    	$42,410.34
	 4.
	 	$519,102.62	    	$43,258.55
	 5.
	 	$529,484.68	    	$44,123.72

  
 3 

	 	n.	PARKING SPACES. Tenant shall have the exclusive right to use seven (7) specifically designated parking spaces and thirty (30) other parking spaces in the portion of the Common Area delineated on
Exhibit A-2 attached hereto (the “Parking Area”). Tenant’s parking space allotment shall proportionally increase in the exact same manner as is set forth herein with any additional square footage that it leases from Landlord.

  

	 	o.	PERMITTED USE. Subject to the provisions of this Lease, the provisions of all applicable permits and licenses and the provisions of all applicable local, state and federal law, Tenant shall use and occupy the Leased
Premises as follows, and for no other purpose whatsoever: for general office use and for purposes incidental thereto and as a medical research and/or process development Laboratory as more fully described on Exhibit E attached hereto. In the
event Tenant assigns this interest in the Lease or sublets the Leased Premises pursuant to the provisions of Article 11 hereof, the Leased Premises may be used for another lawful use, subject to the Landlord’s consent, which shall
not be unreasonably withheld or delayed. Tenant will not use or occupy or permit the use or occupancy of the Leased Premises for any purpose which is forbidden by law, ordinance or governmental or municipal regulation or order; or permit the
maintenance of any public or private nuisance; or do or permit any other thing which may disturb the quiet enjoyment of any other tenant of the Building; or keep any substance or carry on or permit any operation which might emit offensive odors or
conditions into other portions of the Building or use any apparatus which might make undue noise or create vibrations in the Building; or permit anything to be done which would increase the fire and extended coverage insurance rate on the Building
or contents, provided that if there is any increase in such rate by reason of acts of Tenant, then Tenant agrees to pay such increase promptly upon demand therefor by Landlord. Payment by Tenant of any such rate increase shall not be a waiver of
Tenant’s duty to comply herewith. However, Landlord represents that its insurance rate coverage premiums already take into consideration a Tenant that will operate a biotechnology laboratory in the Leased Premises and expects no increase in
premiums based on Tenant’s ordinary use of the Leased Premises. Landlord represents that the Building is located in a building zone that allows Tenant’s permitted uses of the Leased Premises. 

 

	 	p.	PROPERTY: The Building together with the land upon which it is situated. 

  
 4 

	 	q.	REGULAR BUSINESS HOURS: 24 hours a day – everyday. 

  

	 	r.	RENEWAL TERMS: Those two five (5) year terms commencing on the Expiration Date and the Expiration Date of the First Renewal Term respectively. 

 

	 	s.	RENT: The Minimum Annual Rent, together with all additional rent (if any) for which shall be due and payable hereunder. 

  

	 	t.	RENT COMMENCEMENT DATE: See Lease Commencement Date. 

  

	 	u.	TENANT’S SHARE OF BUILDING: 9.12% 

  

	 	v.	TERM. The term of the Lease shall run from the Lease Commencement Date to the Expiration Date unless such term is extended pursuant to the provisions of Section 2.4 of this Lease. 

 

	 	w.	UNAVOIDABLE DELAYS: Delays resulting from acts of God, governmental restrictions or guidelines (not including those imposed by the City of Yonkers Building Department), strikes, disturbances, national shortages of
materials and supplies and from any other causes or events whatsoever beyond Landlord’s reasonable control. 

  

	 	1.2.	Significance of a Basic Lease Provision. Each reference in this Lease to any of the Basic Lease Provisions contained in Section 1.1 shall be deemed and construed to incorporate all of the terms
provided under each of such Basic Lease Provisions and such provisions shall be read in conjunction with all other provisions of this Lease applicable thereto. References to other sections appearing in Section 1.1 of this Lease are
intended to designate some of the other places in this Lease where additional provisions applicable to the particular Lease provision appear. These references are for convenience only and shall not be deemed exhaustive. 

 

	 	1.3.	Enumeration of Exhibits. The Exhibits enumerated in this section and attached to this Lease are incorporated herein by this reference and are to be construed as part of this Lease. 

Exhibit A-1. Site Plan showing the layout of i.park, the Building and Common Area. 

Exhibit A-2. Parking Layout Plan. 

Exhibit B-1. Plan of the Leased Premises. 

Exhibit B-2. Plan of Expansion Premises. 

Exhibit C. Landlord’s Work for Office Space 

Exhibit D. Laboratory Space Work/Performance Budget 

Exhibit E. Tenant’s Laboratory Use 

  
 5 

 Exhibit F. AIA Construction Schedule 

Exhibit G. Form of Non-Disturbance Agreement 

 

	2.	LEASED PREMISES AND TERM 

  

	 	2.1.	Grant of Lease. Landlord hereby leases and demises to Tenant, and Tenant hereby leases from Landlord, subject to and with the benefit of the terms of this Lease, the Leased Premises. 

 

	 	2.2.	Property. Landlord reserves the right to change the Common Areas, and the tenancies in the Common Areas. However, the new name and Tenant’s parking spaces around the Building shall not be changed without
Tenant’s consent. The Leased Premises as now configured is shown on the Plan attached as Exhibit B to this Lease. Landlord agrees that the Building name and address will be 28 Wells Avenue, Yonkers, New York and not i.Park Hudson.
Landlord, at its sole cost and expense, shall remove all i.Park Hudson signage from the subject Building prior to the Lease Commencement Date and replace it with new high-end signage reflecting the building name as 28 Wells Avenue that is mutually
agreeable between Landlord and Tenant. 

  

	 	2.3.	Square Footage of Building. The rentable area of the Building may at any time during the Term be measured by authorized representatives of Landlord or Tenant. If that measurement discloses a different rentable or
usable area for the Building than is shown in subparagraph 1.1 (c) above, then “Minimum Annual Rent” and “Tenant’s Share,” both defined in Section 1.1, shall be adjusted accordingly. 

 

	 	2.4.	Term of Lease. 

  

	 	a.	Initial Term. Subject to any provisions herein to the contrary, the term of this Lease and all obligations of Tenant hereunder (other than the obligation to Minimum Annual Rent herein) shall commence on the Lease
Commencement Date and shall expire on the Expiration Date, or extended as provided in this Lease. The obligation to pay Minimum Annual Rent shall commence on the Lease Commencement Date and continue throughout the Term and the Renewal Term, if
applicable. 

  

	 	b.	Renewal Term: 

  

	 	i.	Provided that no event of default has occurred or is occurring under this Lease, and further provided that Tenant delivers written notice to Landlord that it wishes to extend the term of this Lease at least six
(6) months prior to the Expiration Date, the Tenant shall have the option to renew this Lease with respect to all of the Leased Premises throughout the Renewal Term. 

  
 6 

 During the Renewal Term, the Minimum Annual Rent shall be in the amount set forth in
Section 1.1 above and all other terms and conditions set forth in this Lease shall remain in full force and effect. 
  

	 	2.5.	Quiet Enjoyment. Landlord covenants that Tenant, on paying the rents, the Tenant’s contribution and performing all of Tenant’s obligations pursuant to this Lease, shall peacefully and quietly have, hold
and enjoy the Leased Premises throughout the Term without hindrance or molestation by anyone claiming by or through Landlord, subject, however, to the exceptions, reservations and conditions of this Lease. 

 

	3.	TENANT’S WORK 

  

	 	3.1.	Tenant Approvals. Landlord is performing all Laboratory Space and Office Space buildout work. Therefore, Tenant shall cooperate with Landlord to obtain all necessary permits, licenses and approvals to build out
and operate the Leased Premises in the manner described hereunder. Landlord promptly shall provide, upon receipt of any such permits, licenses and approvals, Tenant with a copy of the same. 

 

	 	3.2.	Fixtures. All readily movable furnishings, fixtures and equipment (including but not limited to lab casework, lab equipment and vivarium) owned and used by Tenant, exclusive of readily movable furnishings,
fixtures and equipment owned by Landlord, in the Leased Premises shall at all times during the Term be and remain the property of Tenant without regard to the means by which they are installed in or attached to the Leased Premises. Upon expiration
of this Lease and provided that Tenant is not in default hereunder, Tenant, on its own or at Landlord’s request, shall remove any or all its furnishings, fixtures and equipment as it wants to or that Landlord shall require (excluding
Landlord’s furnishings, fixtures and equipment) and restore the Leased Premises and any furnishings, fixtures and equipment not removed by Tenant as provided above shall become the property of Landlord upon the expiration of the Term or
termination of Tenant’s right to possession of the Leased Premises. Landlord may charge as additional rent hereunder any costs expended in the removal of fixtures, equipment and furnishings which despite Landlord’s request are not removed
upon the expiration or sooner termination of the Term. Tenant shall be required to remit payment for such costs within fifteen (15) days of Landlord’s demand for same. The provisions of this section shall survive the termination of
this Lease. 

  

	4.	RENT 

  

	 	4.1.	Minimum Annual Rent. Effective as of the Lease Commencement Date, Tenant agrees to pay to Landlord, Minimum Annual Rent, in the amounts provided in Section 1.1(k) hereof, payable in advance in equal
successive monthly installments on the first day of each and every calendar month during the Term and the Renewal Term, if any; provided, however, Minimum Annual Rent shall 

  
 7 

 
be prorated for the applicable portion of the first and last month in which the same is due and payable. 
  

	 	4.2.	Payment of Rent. Rent shall be payable without demand, notice, offset or deduction. All Rent due under this Lease shall be paid by checks payable to the order of “Hudson View Building #3 LLC”
which checks shall be mailed or delivered to 485 West Putnam Avenue, Greenwich, CT 06830, or in such other manner or at such other place as Landlord may from time to time designate to Tenant. Rent will be prorated for partial months or years
within the Term and for partial months for which Rent is payable. Tenant’s covenant to pay Rent shall be independent of every other covenant in this Lease. 

 

	 	4.3.	Late Payment. If Tenant shall fail to pay, within fifteen (15) days of when the same is due and payable, any Rent required to be paid by Tenant under this Lease, such unpaid amounts shall bear interest from
the due date thereof to the date of payment at the rate of nine (9%) percent per annum, but in no event at a rate which is higher than the legal limit. If any installment of Rent is delinquent by more than fifteen (15) days, Tenant shall
also pay to Landlord a late charge in an amount equal to two (2%) percent of the amount of such delinquent installment, which late charge shall be immediately due and payable without notice or demand from Landlord and which itself shall bear
interest at the rate provided above from the date due until paid. 

  

	5.	TAXES. Tenant shall pay to Owner as additional rent, 9.12% of all increases in real estate taxes and assessments and also any occupancy tax and “tax on rents” and other governmental levies against the Property
(all of which are herein called “Taxes”) over and above those Taxes levied and assessed against the Building for 2011/2012 (hereinafter referred to as the “Base Year”). The phrase “tax on rents” shall mean any tax
levied, assessed, or imposed in connection with the receipt of rent under this lease for the use and occupancy of the Building, in lieu of, in whole or in part, any real estate tax upon the Building. Prior to the commencement of each year during the
term of this Lease, Owner shall furnish Tenant with a written estimate of the Tenant’s pro rata share of the Taxes for said year. Said amount shall be payable in monthly installments equal to 12th of the annual amount. Said payments will be
subject to adjustment upon Landlord’s receipt of actual tax bills. Tenant reserves any and all rights which Tenant may have (whether at law, equity, or otherwise) to commence or participate in any action relating to reduction or refund of
Taxes. 

  

	6.	INTENTIONALLY OMITTED. 

  

	7.	 COMMON AREAS. For purposes of this Lease, the term “Common Areas”, as such areas and facilities are herein collectively referred to, shall
mean those areas of i.park which are used in common with the Landlord, or other tenants of i.park and their respective employees, agents, guests, invitees, contractors, vendors and customers including only, sidewalks and walkways; all entrances and
exits to the foregoing; retaining walls; delivery passages; paved surfaces; driveways; parking areas; dumpsters; storage areas; identification signs; water, sanitary sewer, storm sewer, plumbing, gas,

  
 8 

 
electric and other utility lines and services (which serve areas other than the Leased Premises); boilers, generators, truck service-ways; loading docks; sanitary and sump facilities; and those
other facilities and service areas for common use within i.park which are used by the other tenants of i.park. Tenant is not responsible for any expenses, fees, CAM charges and/or other costs associated with the Common Areas. 

 

	8.	LANDLORD SERVICES. 

  

	 	8.1.	Utilities and Services Furnished by Landlord. Provided there exists no event of default by Tenant hereunder, and subject to the conditions and in accordance with the standards set forth in this
Section 8, Landlord agrees: 

  

	 	a.	To operate, repair and maintain the Common Areas. 

  

	 	b.	To furnish hot and cold water for normal lavatory, laboratory, drinking and office cleaning purposes. If Tenant requires, uses or consumes water for any other purpose, Tenant agrees that Landlord may install, at
Tenant’s expense, a meter or meters or other means to measure Tenant’s water consumption and that Tenant shall reimburse Landlord for the cost of all water consumed as measured by said meter or meters or as otherwise measured.

  

	 	c.	To provide electricity, Electricity usage charges will be paid for by Tenant. All electricity usage at the Leased Premises shall be measured by sub-meter or if not available by an independent utility consultant selected
by the Landlord for the purpose of establishing the cost and amount of Tenant’s electricity usage. All costs associated with the usage and determination of Tenant’s electricity consumption including the fees of such independent utility
consultant shall be paid by the Tenant to Landlord as additional rent on the first day of each month or within ten (10) days of receipt of a statement from Landlord regarding the same. The findings of such utility consultant shall be
conclusively binding upon Landlord and Tenant. Notwithstanding the foregoing in the event that, following the Lease Commencement Date, Landlord shall, in its sole discretion, arrange to have Tenant’s electricity usage measured by a direct meter
or meters, then upon the installation and operation of such meters, Tenant shall pay all the costs of electricity associated with the Leased Premises directly to the utility company supplier. 

 

	 	d.	To provide steam heat as follows: 

 Landlord or, if applicable, a utility company will furnish
steam when the outside temperature falls below 55 degrees Fahrenheit during Regular Business Hours on business days during the period from October 1 to May 1. Landlord or, if applicable, a utility company will also furnish steam
during the period October 1 to May 1 at other than the times and days specified in the preceding sentence when the outside temperature falls below 32 degrees Fahrenheit. 

  
 9 

	 	i.	It is understood that the Tenant from time to time may request from the Landlord the amount that the Landlord would charge the Tenant for furnishing steam for heating purposes to the Leased Premises on
non-business days or on business days other than during Regular Business Hours. The Landlord thereafter will so advise the Tenant of the amount it would charge for steam during said time periods, such amounts to be based upon the
Landlord’s costs for furnishing steam to the Leased Premises. The Tenant will not be obligated to accept, and the Landlord will not be obligated to provide steam during the time periods referred to in this Section unless the Tenant and the
Landlord agree in writing to all the terms and conditions upon which such steam is to be provided, including the cost thereof. 

  

	 	e.	If any federal, state, municipal or other governmental body, authority or agency, or any public utility, assesses, levies, imposes, makes or increases any charge, fee, rent or assessment on the Landlord, for any
service, system or utility now or in the future supplied to the Leased Premises or to any tenant, lessee, occupancy or user thereof, or to the structures or buildings which, or a portion or portions of which, are included in the Leased Premises,
(including but not limited to any sewer rent or other charge for the use of a sewer system or systems), the Tenant shall, at the option of the Landlord exercised at any time and from time to time by notice to the Tenant, pay, in accordance with such
notice, such charge, fee, rent or assessment or such increase thereof (or the portion thereof allocated by the Landlord to the Leased Premises or to the operations of the Tenant under this Agreement) either directly to the governmental body,
authority or agency, or to the public utility, or directly to the Landlord, as such notice may direct. All payment to be made by the Tenant hereunder shall constitute items of additional rent. 

 

	 	f.	The Landlord shall be under no obligation to supply any service or services if and to the extent and during any period that the supplying of any such service or services or the use of any component necessary therefor
shall be prohibited or rationed by any federal, state or municipal law, rule, regulation, requirement, order or direction. 

  

	 	g.	The Landlord shall have no obligation or responsibility with respect to the performance of any services or providing, supplying or furnishing to the Tenant of any utilities or services whatsoever except as expressly
provided in this Lease. 

  

	 	h.	Landlord shall not be responsible for the cleaning of Tenant’s premises. 

  
 10 

	 	i.	Landlord represents that any heating, air conditioning and ventilation system, plumbing, mechanical and/or other systems shall be in working order on the Lease Commencement Date. 

 

	 	8.2.	Cooperation; Payment of Charges; Approval of Special Equipment Usage. Tenant agrees to cooperate fully at all times with Landlord and to abide by all regulations and requirements which Landlord from time to time
reasonably may prescribe for the use of the above utilities and services. Tenant agrees to pay any charge imposed by Landlord pursuant to Section 8 and any failure to pay any excess costs as described above shall constitute a breach of
the obligation to pay Rent under this Lease and shall entitle Landlord to the rights herein granted for such breach. Tenant’s use of electricity and/or steam shall at no time exceed the capacity of the service to the Leased Premises.

  

	 	8.3.	Failure, Stoppage or Interruption of Service; No Release from Obligations. Landlord shall not be liable for, and Tenant shall not be entitled to any abatement or reduction of Rent by reason of, Landlord’s
failure to furnish any of the foregoing services when such failure is caused by repairs, riots, strikes, lockouts or other major disturbance or dispute of any character, governmental regulation, moratorium or other governmental action, inability by
exercise of reasonable diligence to obtain electricity, water or fuel, or by any other cause beyond Landlord’s immediate control or for stoppages or interruptions of any such services for the purpose of making necessary repairs or improvements.
Failure, stoppage or interruption of any such service shall not be construed as an actual or constructive eviction or as a partial eviction against Tenant, or release Tenant from the prompt and punctual performance by Tenant of the covenants
contained herein. Notwithstanding anything hereinabove to the contrary, Landlord reserves the right from time to time to make reasonable modifications to the provision of utilities and services. Landlord shall use reasonable efforts to cure the
failure, stoppage or interruption of any such service. 

  

	 	8.4.	Limitation and Unavailability of Service. Anything hereinabove to the contrary notwithstanding, Landlord and Tenant agree that Landlord’s obligation to furnish electricity, water and steam to the Building
shall be subject to and limited by all laws, rules, and regulations of any governmental authority affecting the supply, distribution, availability, conservation or consumption of energy, including, but not limited to, electricity, gas, oil and/or
water. Landlord shall abide by all such governmental laws, rules, regulations and, in so doing, Landlord shall not be in default in any manner whatsoever under the terms of this Lease, and Landlord’s compliance therewith shall not affect in any
manner whatsoever Tenant’s obligation to pay the full Rent set forth in this Lease. 

  

	 	8.5.	Load Bearing Capacity. Tenant shall not overload any floor, roof, land surface, bulkhead, pavement, landing, pier or wharf at i.park and shall repair, replace or rebuild any damage caused by overloads. Landlord
reserves the right to prescribe from time to time in a reasonable manner the weight and the method of transporting such load to the designated location and position of all heavy installations which Tenant wishes to place in the Leased Premises so as
to properly distribute the weight thereof. Any reasonable cost of structural analysis shall be borne by Tenant. 

  
 11 

	 	8.6.	Unreasonable Noise or Vibration. Tenant shall take all reasonable measures not to cause unreasonable noise or vibration that may be transmitted to the structure of the Building or to any part of i.park to such a
degree as to be objectionable to Landlord, its employees or to any other tenants in i.park. Vibration eliminators or other devices sufficient to eliminate such unreasonable noise or vibration shall be placed and maintained by Tenant, at
Tenant’s expense if Landlord deems such measures to be required. 

  

	 	8.7.	Interference. Tenant shall not do or permit to be done anything which may interfere with the effectiveness or accessibility of any utility, mechanical, electrical and other systems installed or located anywhere
at i.park, including without limitation the installation of any Tenant Improvements. 

  

	9.	REPAIRS. 

  

	 	9.1.	Repairs by Landlord. Landlord shall, subject to Unavoidable Delays, make all necessary repairs and replacements to the foundation, roof and exterior walls of the Building, as well as to the Common Areas,
including any repairs or replacements required in order to comply with any laws, ordinances or regulations, unless any such work is required because of damage caused by any act or wrongful omission of Tenant, any subtenant, customer or
concessionaire of Tenant or their respective employees, agents, invitees, licensees or contractors in which case such work shall be performed by Tenant at Tenant’s sole cost and expense within 15 days of the occurrence of such act or
wrongful omission. 

  

	 	  	Landlord shall not be required to commence any such repair until 15 days after written notice from Tenant that the same is necessary. The provision of this Section 9.1 shall not apply in the case of
damage or destruction by fire or other casualty or a taking under the power of eminent domain, in which events the obligations of Landlord shall be controlled by Section 9.14. 

 

	 	9.2.	Repairs by Tenant. Except as provided in Section 9.1, all repairs and replacements to the Leased Premises, including, without limitation, repairs and replacements to the doors, door frames, windows, window
frames, plate glass, storefront, fixtures, operating systems servicing only the Leased Premises (including any heating, air conditioning and ventilation system, plumbing, mechanical or other systems) interior walls and columns, shall be performed by
Tenant, at its expense. If Tenant refuses or neglects to repair or replace any portion of the Leased Premises to the reasonable satisfaction of Landlord after fifteen (15) days notice from Landlord, or immediately (and without notice) in case
of emergency, Landlord may, but shall not be obligated to make such repairs or replacements without liability to Tenant for any loss or damage which may accrue to Tenant, its merchandise, fixtures or other property or to its business, by reason
thereof, and upon completion thereof, Tenant shall promptly pay Landlord in accordance with Section 16.7 hereof. 

  
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	10.	SUBORDINATION 

  

	 	10.1.	This Lease, and all rights of Tenant hereunder, are and shall be (a) subject and subordinate in all respects to all present and future mortgages, which may now or hereafter affect i.park and/or the Leased Premises.
The foregoing shall extend to each and every advance made or hereafter to be made under such mortgages, and to all renewals, modifications, replacements and extensions of such mortgages. This Section shall be self­operative and no further
instrument of subordination shall be required. In confirmation of such subordination, Tenant shall promptly execute and deliver any instrument, in recordable form if required, that Landlord, or the holder of any superior mortgage or any of their
respective successors in interest may request to evidence such subordination. If Tenant fails to execute any instrument required to be executed by Tenant under this Section 10 within ten (10) days after request, Tenant
irrevocably appoints Landlord as its attorney-in-fact, in Tenant’s name, to execute such instrument. 

  

	11.	ASSIGNMENT AND SUBLETTING. 

  

	 	11.1.	Prohibitions. Tenant for itself, its successors and assigns, expressly covenants that it shall not by operation of law or otherwise assign, sublet, hypothecate, encumber or mortgage this Lease, or any part
therefore permit the Leased Premises, to be used by others (pursuant to any employment, management, franchise, license or concessionaire agreement, or otherwise) without the prior written consent of Landlord in each instance which consent shall not
be unreasonably denied by Landlord. For purposes of this Section 11, “assignment” shall not include any change in the control of Tenant, merger or sale of stock in the Tenant Corporation or sale of the Tenant’s assets
which may be freely done by Tenant and will not constitute an assignment of this Lease. Without Landlord’s prior written consent, any attempt by Tenant to assign, sublet, encumber or mortgage this Lease shall be null and void. The consent by
Landlord to any assignment, mortgage, hypothecation, encumbrance, subletting or use of the Leased Premises by others, shall not constitute a waiver of Landlord’s right to withhold its consent to any other or further assignment, subletting,
mortgage, encumbrance or use of the Leased Premises by others. Without the prior written consent of Landlord, this Lease and the interest therein of any assignee of Tenant herein, shall not pass by operation of law, merger, consolidation,
reorganization or otherwise, and shall not be subject to garnishment or sale under execution in any suit or proceeding which may be brought against or by Tenant or any assignee of Tenant. The absolute and unconditional prohibitions contained in this
Section 11 and Tenant’s agreement thereto are material inducements to Landlord to enter into this Lease with Tenant and any breach thereof shall constitute a material default hereunder permitting Landlord to exercise all remedies
provided for herein or by law or in equity on a default of Tenant. 

  
 13 

	 	11.2.	No Release. In no event shall any assignment or subletting to which Landlord may consent, release or relieve Tenant from its obligations to fully observe or perform all of the terms, covenants and conditions of
this Lease on its part to be observed or performed. 

  

	 	11.3.	Costs. Tenant shall pay Landlord’s reasonable costs, charges and expenses, including attorney’s fees, incurred in connection with its review of any proposed assignment or proposed sublease, whether or
not Landlord approves such transfer of interest, which costs, charges and expenses shall not exceed $1,500.00 in any one instance. 

  

	12.	TENANT’S INSURANCE REQUIREMENTS. 

  

	 	12.1.	Coverage. Tenant hereby agrees to maintain m responsible companies approved by Landlord (which approval shall not be unreasonably withheld), at Tenant’s sole expense, comprehensive public liability and
personal property damage insurance, including, without limitation, fire, legal liability and contractual liability insurance coverage’s, insuring Landlord, any property manager of Landlord, Landlord’s mortgagee and Tenant, their
beneficiaries and agents, as their interests may appear, against all, claims, demands, or actions for injury, death or damage to property and protecting Landlord, any property manager of Landlord, and Tenant from all causes, including their own
negligence, in an amount of not less than Three Million ($3,000,000) Dollars arising out of any one occurrence, made by or on behalf of any person, firm or corporation, arising from, related to, or connected with the conduct and operation of
Tenant’s business in the Leased Premises, and anywhere upon the Leased Premises and, in addition, and in like amounts, covering Tenant’s contractual liability under all indemnification clauses included in this Lease (specifically
including, without limitation, the hold harmless clause set forth in Section 13.1(b) below). Tenant shall maintain business interruption insurance respecting its operation of its business in the Leased Premises in an amount equal to
all of Tenant’s fixed expenses, including, without limitation, all Rent due under the Lease. Tenant shall maintain plate glass insurance covering all exterior plate glass in the Leased Premises, and fire, extended coverage, vandalism, smoke,
flood, earthquake, windstorm, tornado and malicious mischief insurance and such other insurance as Landlord may from time to time reasonably require. All of said insurance shall be in form and in responsible companies reasonably satisfactory to
Landlord and shall provide that it will not be subject to cancellation, termination or change except after at least thirty (30) days’ prior written notice to Landlord and to any mortgagee named in an endorsement thereto. Such insurance may
be provided under a blanket policy, provided that an endorsement naming Landlord (any property manager of Landlord or Landlord’s mortgagees) as additional insureds as required herein is attached thereto. 

 

	 	12.2.	 Binders. The policies or duly executed binders of the same (which binders shall evidence the insurance waiver of subrogation required at
Section 20.1 hereof) together with satisfactory evidence of the payment of the premium thereon, shall 

  
 14 

	 	
be deposited with Landlord on the Lease Commencement Date, and upon renewals of such policies, not less than thirty (30) days prior to the expiration of the term of such coverage. If Tenant
fails to comply with such requirements, Landlord may, but shall not be obligated to, obtain such insurance and keep the same in effect and Tenant shall pay Landlord the premium cost thereof with Interest upon demand. Each such payment shall
constitute additional rent payable by Tenant under this Lease, and Landlord shall not be limited in the proof of any damages which Landlord may claim against Tenant arising out of or by reason of Tenant’s failure to provide and keep in force
insurance as aforesaid, to the amount of insurance premium or premiums not paid or incurred by Tenant and which would have been payable upon such insurance, but Landlord, in addition to any and all other rights and remedies provided Landlord under
the terms of this Lease, shall also be entitled to recover as damages for such breach the uninsured amounts of any loss, to the extent of any deficiency in the insurance required by provisions of this Lease. 

 

	 	12.3.	Minimum Amount. Tenant acknowledges and agrees that, notwithstanding any provision of this Lease to the contrary, the insurance coverage requirements set forth this Section 12, in terms of both forms
of insurance and amounts of coverage, represent the minimum protection required by Landlord and shall not constitute a representation or warranty by Landlord as to the adequacy and sufficiency of such forms of insurance and amounts of coverage.
Tenant agrees to make and rely upon an independent determination regarding which additional forms of insurance or higher levels of coverage, if any, may be necessary or desirable in order to furnish Landlord and Tenant adequate protection.

  

	13.	TENANT’S ADDITIONAL COVENANTS 

  

	 	13.1.	Affirmative Covenants. Except as already provided for in this Lease, Tenant covenants at its expense at all times during the Term and such further time as Tenant occupies the Leased Premises or any part thereof:

  

	 	a.	To pay promptly when due the entire cost of any work in the Leased Premises undertaken by Tenant so that the Leased Premises and the Property shall at all times be free of liens for Labor and materials; to procure all
necessary permits before undertaking such work; to do all of such work in a good and workmanlike manner, employing materials of good quality; to perform such work only with contractors and plans previously approved in writing by Landlord, if
required by this Lease (which approval will not be unreasonably withheld); to comply with all governmental requirements; and to defend and save Landlord and Landlord’s employees, beneficiaries and agents harmless and indemnified from all
injury, loss, claims or damage to any person or property (including the cost for defending against the foregoing) occasioned by or growing out of such work. 

  
 15 

	 	b.	Tenant shall in all cases indemnify, defend and save Landlord, Landlord’s property manager, Landlord’s beneficiaries, employees, members and agents and their respective successors and assigns harmless and
indemnified from all injury, loss, claims or damage to any person or property while on the Leased Premises or any other part of the Leased Premises from anyone claiming by, through or under Tenant. 

 

	 	c.	To permit Landlord, Landlord’s property manager, Landlord’s mortgagees and their agents to enter the Leased Premises at reasonable times for the purpose of inspecting the same, of making repairs, additions or
alterations thereto or to the Common Areas in which the same are located and of showing the Leased Premises to prospective purchasers, lenders and tenants. 

  

	 	d.	To promptly comply with all present and future laws, ordinances, orders, rules, regulations and requirements of all federal, state, municipal and local governments, departments, commissions, boards and officers, and all
orders, rules and regulations of the National Board of Fire Underwriters, the local Board of Fire Underwriters, or any other body or bodies exercising similar functions, foreseen or unforeseen, ordinary as well as extraordinary, which may be
applicable to the Leased Premises and to all or any part thereof and/or any and all facilities used in connection therewith and the sidewalks, areaways, passageways curbs and vaults, if any, adjoining the Leased Premises, which are not part of the
Common Areas or to the use or manner of use of the Leased Premises, or the owners, tenants or occupants thereof, whether or not any such law, ordinance, order, rule, regulation or requirement shall interfere with the use and enjoyment of the Leased
Premises. 

  

	 	e.	To pay all costs, expenses, claims, fines, penalties and damages that may in any manner arise out of or be imposed because of the failure of Tenant to comply with the provisions of this Section 13, and in
any event to defend and indemnify Landlord against all liability arising out of such failure. Tenant shall promptly give notice to Landlord of any notice of violation received by Tenant. Without diminishing the obligation of Tenant, if Tenant shall
at any time after five (5) days notice by Landlord fail or neglect to comply, or to commence to comply as expeditiously as is reasonably feasible, with any of said laws, rules, requirements, orders, directions, ordinances or regulations
concerning or affecting the Leased Premises, or the use and occupancy thereof, as hereinbefore provided, and, if a stay is necessary, shall have failed to obtain a stay or continuance thereof, Landlord shall be at liberty to comply therewith, and
all expenses consequent thereon shall be borne and paid by Tenant in accordance with Section 16.7 hereof. 

  

	 	f.	 To execute and deliver at any time and from time to time at reasonable intervals, within ten (10) days after written request by Landlord, to

  
 16 

 
Landlord, Landlord’s mortgagee or others designated by Landlord, a certificate in a form as may from time to time be provided, ratifying this Lease and certifying: (i) that Tenant has
entered into occupancy of the Leased Premises and the date of such entry, if such is the case; (ii) that this Lease is in full force and effect, and has not been assigned, modified, supplemented or amended in any way (or if there has been any
assignment, modification, supplement or amendment, identifying the same); (iii) that this Lease represents the entire agreement between Landlord and Tenant as to the subject matter hereof; (iv) the Lease Commencement Date and the
Expiration Date of the Term; (v) that all conditions under this Lease to be performed by Landlord have been satisfied (and if not, what conditions remain unperformed); (vi) that, to the best of Tenant’s knowledge, no default by either
party exists in the performance or observance of any covenant or condition in this Lease and there are no defenses or offsets against the enforcement of this Lease by Landlord or specifying each default, defense or offset of which Tenant may have
knowledge; (vii) the amount of Minimum Annual Rent or other rental, if any, that has been paid in advance and the amount of any security deposit that has been deposited with Landlord; and (viii) the date to which Minimum Annual Rent and
all other rentals and charges have been paid under this Lease. Tenant hereby irrevocably appoints Landlord its attorney-in-fact to execute such a certificate in the event Tenant shall fail to do so within ten (10) days of receipt of
Landlord’s request. 
  

	 	g.	To keep and maintain the Leased Premises in a neat, safe and orderly condition. Tenant’s maintenance of the Leased Premises shall include, without limitation, the following: (i) cleaning the Leased Premises
nightly either prior to or after closing (i.e., vacuuming all carpeted areas, collecting and dumping all refuse in accordance with the provisions hereof, mopping all hard-surfaced floors); (ii) periodically upgrading and replacing fixtures and
other personal property. In the event Tenant fails to maintain the Leased Premises in a first-class manner as is required hereunder, and does not cure such failure within fifteen (15) days after notice from Landlord, then Landlord may, but
shall not be obligated to, perform whatever maintenance Tenant fails to do at Tenant’s expense without liability to Tenant for any loss or damage which may accrue to Tenant, its merchandise, fixtures or other property or its business. If
Landlord undertakes such maintenance, Tenant shall promptly pay Landlord for the cost of such maintenance as additional rent in accordance with Section 16.7 hereof. 

 

	 	h.	To protect the Leased Premises from theft and vandalism and to take all necessary security measures at the closing of Tenant’s business (including securing all doors and windows) to protect against unauthorized
entry into the Leased Premises and the Common Areas. 

  
 17 

	14.	DAMAGE OR TAKING AND RESTORATION 

  

	 	14.1.	Fire, Explosion or Other Casualty. If the Leased Premises, or any part thereof, shall be damaged by fire or other cause, this Lease shall continue in full force and effect unless Landlord or Tenant elects within
sixty (60) days of such casualty to terminate this Lease. Unless Landlord or Tenant elects to terminate this Lease Landlord shall, subject to compliance with the provisions of any applicable mortgage a, repair the damage and restore and rebuild
the Leased Premises) with reasonable diligence subject to Unavoidable Delays. If because of the casualty, repairing, or rebuilding the Building is rendered untenantable, in whole or in part, the Rent and additional rent shall be abated. Unless
tenant elected to terminate this Lease, Tenant shall promptly reopen for business after Landlord’s repairs are completed. 

  

	 	14.2.	Eminent Domain. In the event that the whole or substantially all of the Leased Premises shall be condemned or taken in any manner (including agreement between Landlord and any governmental authority authorized to
exercise such right) for any public or quasi-public use, this Lease shall forthwith cease and terminate as of the date of vesting of title and the Rent due from Tenant hereunder shall be apportioned and paid to such date of vesting. In the event
that only a part of the Leased Premises consisting of less than substantially all thereof shall be so condemned or taken, then effective as of the date of vesting of title, the Rent reserved hereunder for such part shall be equitably abated and this
Lease shall continue as to such part not so taken. 

  

	 	  	If a substantial part or the whole of the Leased Premises is taken for a term of less than twelve (12) months, the Lease shall remain in full force and effect, except that Rent shall abate during the term of such
temporary taking as to the portion of the Leased Premises so taken. 

  

	 	  	In the event of any condemnation or taking, Landlord shall be entitled to receive the entire award in the condemnation proceeding, including any award made for the value of the estate vested by this Lease in Tenant, and
Tenant hereby expressly assigns to Landlord any and all right, title and interest of Tenant now or hereafter arising in or to any such award or any part thereof, and Tenant shall be entitled to receive no part of such award. Notwithstanding the
foregoing, the Tenant shall have the right to a separate award for its trade fixtures, equipment and relocation costs. 

  

	15.	INTENTIONALLY DELETED 

  

	16.	DEFAULTS BY TENANT AND REMEDIES 

  

	 	16.1.	 Defaults. It shall be an event of default: (a) if Tenant does not pay in full any and all installments of Minimum Annual Rent, additional
rent, Tenant’s Construction Deposit or any other charges or payments due under this Lease when the same are due hereunder and such non-payment continues for ten (10) days after the due

  
 18 

	 	
date for such payment; or (b) if Tenant violates or fails to perform or otherwise breaches any agreement, term, covenant or condition herein contained and such violation, failure or breach
continues for thirty (30) days after notice from Landlord; provided that such thirty (30) day period shall be extended for up to an additional ninety (90) days if such violation, failure or breach is reasonably susceptible of cure but
cannot reasonably be cured within such thirty (30) day period, and Tenant is diligently proceeding with such cure; or (c) if Tenant vacates or abandons the Leased Premises, or fails to carry on its business at the Leased Premises for a
period of thirty (30) consecutive days unless due to casualty, or strike; or (d) if Tenant removes or attempts to remove Tenant’s furniture, fixtures or equipment from the Leased Premises without replacing them; or (e) if
Tenant becomes insolvent or bankrupt or makes an assignment for the benefit of creditors or offers a composition or settlement to creditors, under any federal or state law, or if a petition in bankruptcy or for reorganization or for an arrangement
with creditors under any federal or state law is filed by or against Tenant, or Tenant is adjudicated insolvent pursuant to the provisions of any present or future insolvency law of any state having jurisdiction, or a bill in equity or other
proceeding for the appointment of a receiver, trustee, liquidator, custodian, conservator or similar official for any of Tenant’s assets is commenced, under any federal or state law by reason of Tenant’s inability to pay its debts as they
become due or otherwise, or if Tenant’s estate by this Lease or any real or personal property of Tenant shall be levied or executed upon by any sheriff or marshal: or by other process of law; provided, however, that any proceeding brought by
anyone other than the parties to this Lease under any bankruptcy, reorganization, arrangement, insolvency, readjustment, receivership or similar law shall not constitute an event of default until such proceeding, decree, judgment or order has
continued unstayed for more than thirty (30) consecutive days. 

  

	 	16.2.	Bankruptcy. If this Lease is assigned to any person or entity pursuant to the provisions of the Bankruptcy Code, or any similar provisions of any future federal bankruptcy Jaw (the “Bankruptcy Code”),
any and all monies or other considerations payable or otherwise to be delivered in connection with such assignment shall be paid or delivered to Landlord, shall be and remain the exclusive property of Landlord and shall not constitute property of
Tenant or of the estate of Tenant within the meaning of the Bankruptcy Code. Any and all monies or other considerations constituting Landlord’s property under the preceding sentence not paid or delivered to Landlord shall be held in trust for
the benefit of Landlord and be promptly paid to or turned over to Landlord. 

  

	 	16.3.	 Remedies. Upon the occurrence of an event of default, Landlord shall have the following rights: (a) To accelerate the whole or any part of
the Rent and all other amounts due and payable under this Lease for the entire unexpired balance of the Term, and any Rent if so accelerated shall, in addition to any and all installments of Rent already due and payable and in arrears, be deemed due
and payable as if, by the terms and provisions of this Lease, such accelerated Rent was on that date payable in advance. (For such purposes, all items of Rent due hereunder, which 

  
 19 

	 	
are not then capable of precise determination, shall be estimated by Landlord, in Landlord’s reasonable judgment, for the balance of the then current Term); (b) To enter the Leased
Premises by summary process or by any suitable action or proceeding at law or by force or otherwise, without being liable for prosecution or damages therefor, and without further demand or notice proceed to sale of the goods, chattels and personal
property there found, to levy the Rent, and Tenant shall pay all costs and commissions which are permitted by Jaw, including wages and sums chargeable to Landlord, and further including commission(s) to the officer or other person making the levy,
and in such case all costs, commissions and other charges shall immediately attach and become part of the claim of Landlord for Rent, and any tender of Rent without said costs, commissions and charges made after the issuance of a warrant of
distress, shall not be sufficient to satisfy the claim of Landlord; or (c) To terminate the Lease and remove all persons and all or any property therefrom, either by summary process or by any suitable action or proceeding at Jaw or by force or
otherwise, without being liable for prosecution or damages therefor, and repossess and enjoy the Leased Premises. 

  

	 	  	Upon recovering possession of the Leased Premises by reason of or based upon or arising out of an event of default on the part of Tenant, Landlord may, at Landlord’s option, make such alterations and repairs as may
be necessary in order to relet the Leased Premises and thereafter relet the Leased Premises or any part or parts thereof either in Landlord’s name or otherwise, for a term or terms which may, at Landlord’s option, be less than or exceed
the period which would otherwise have constituted the balance of the Term and at such rent or rents and upon such other terms and conditions as in Landlord’s sole discretion it may deem advisable and to such person or persons as may in
Landlord’s discretion deems best, Upon each such reletting all rents received by Landlord from such reletting shall be applied: first, to the payment of any cost and expenses of such reletting, including brokerage fees and attorneys’ fees
and all costs of such alterations and repairs; second, to the payment of any indebtedness other than Rent due hereunder from Tenant to Landlord; third, to the payment of Rent due and unpaid hereunder; and the residue, if any, shall be held by
Landlord and applied in payment of future Rent as it may become due and payable hereunder. If such rentals received from such reletting during any month shall be less than that to be paid during that month by Tenant, Tenant shall pay any such
deficiency to Landlord, Such deficiency shall be calculated and paid monthly, Notwithstanding anything set forth herein to the contrary, in no event shall Tenant be entitled to any surplus rents obtained by Landlord in connection with a reletting.

  

	 	  	No such re-entry or taking possession of the Premises or the making of alterations or improvements thereto or the reletting thereof shall be construed as an election on the part of Landlord to terminate this Lease
unless written notice of such intention be given to Tenant, Landlord shall in no event be liable in any way whatsoever for failure to relet the Leased Premises or, in the event that the Premises or any part or parts thereof are relet, for failure to
collect the Rent thereof under such reletting. 

  
 20 

	 	  	Tenant, for Tenant and Tenant’s successors and assigns, hereby irrevocably constitutes and appoints Landlord, Tenant’s and their agent to collect the rents due and to become due under all subleases of the
Leased Premises or any parts thereof without in any way affecting Tenant’s obligation to pay any unpaid balance of Rent due or to become due hereunder. 

  

	 	  	Notwithstanding any expiration or termination prior to the Expiration Date or the last day of the Renewal Term, as applicable, Tenant’s obligation to pay any and all Rent and additional rent under this Lease shall
continue to cover all periods up to the Expiration Date or the last day of the Renewal Term, as applicable, and Landlord shall be entitled to recover, in addition to any and all sums and damage for violation of Tenant’s obligations hereunder in
existence at the time of such termination, damages for Tenant’s default in an amount equal to the amount of the Rent reserved for the balance of the Term or the Renewal Term, as applicable, plus the cost of making standard improvements and a
standard commission for releasing the Leased Premises, all, of which amount shall be immediately due and payable from Tenant to Landlord. 

  

	 	16.4.	Non-Waiver. No waiver by Landlord of any breach by Tenant or any of Tenant’s obligations, agreements or covenants herein shall be a waiver of any subsequent breach or of any obligation, agreement or
covenant, nor shall any forbearance by Landlord to seek a remedy for any breach by Tenant be a waiver by Landlord of any rights and remedies with respect to such or any subsequent breach. 

 

	 	16.5.	Rights and Remedies Cumulative. No right or remedy herein conferred upon or reserved to Landlord is intended to be exclusive of any other right or remedy provided herein or by law but each shall be cumulative and
in addition to every other right or remedy given herein or now or hereafter existing at law or in equity or by statute and may be pursued successively or collectively as Landlord may elect. The exercise of any remedy by Landlord shall not be deemed
an election of remedies or preclude Landlord from exercising any other remedies in the future. 

  

	 	16.6.	Intentionally Omitted. 

  

	 	16.7.	Curing Tenant’s Defaults. If Tenant shall be in default in the performance of any of its obligations hereunder, Landlord, without any obligation to do so, in addition to any other rights it may have in law
or equity, may elect (but shall not be obligated) to cure such default on behalf of Tenant after fifteen (15) days prior written notice (except in the case of emergency or in connection with insurance obligations, in which case no notice shall
be required) to Tenant. Tenant shall reimburse Landlord upon demand with Interest thereon from the respective dates of Landlord’s making the payments and incurring such costs, at the rate set forth in Section 1.1(g), which sums and
costs together with interest thereon shall be deemed additional rent payable promptly upon being billed therefor. 

  

	 	16.8.	 Attorneys’ Fees. Tenant shall pay to Landlord all costs and expenses, including reasonable attorneys, fees, incurred by Landlord in
enforcing this Lease or 

  
 21 

	 	
incurred by Landlord as a result of any litigation to which Landlord becomes a party as a result of this Lease. Conversely, Landlord shall pay to Tenant all costs and expenses, including
reasonable attorneys, fees, incurred by Tenant in enforcing this Lease or incurred by Tenant as a result of any litigation to which Tenant becomes a party as a result of Landlord’s actions. Tenant’s and Landlord’s obligations under
this Section 16.8 shall expressly survive the expiration or earlier termination of this Lease. 

  

	 	16.9.	WAIVER OF JURY TRIAL. TENANT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT OR ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS
LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY OF THE LEASED PREMISES AND/OR ANY CLAIM OF INJURY OR DAMAGE. 

  

	 	16.10.	COMMERCIAL WAIVER. THE TENANT (1) ACKNOWLEDGES THAT THIS IS A COMMERCIAL TRANSACTION AND (2) TO THE EXTENT PERMITTED BY ANY STATE OR FEDERAL LAW WAIVES THE RIGHT TO PRIOR NOTICE OF AND A HEARING ON
THE RIGHT OF TENANT TO ANY REMEDY OR COMBINATION OF REMEDIES THAT ENABLES THE LANDLORD BY WAY OF ATTACHMENT, FOREIGN ATTACHMENT, GARNISHMENT OR REPLEVIN TO DEPRIVE TENANT OF ANY OF ITS PROPERTY AT ANY TIME, PRIOR TO FINAL JUDGMENT IN ANY LITIGATION
INSTITUTED IN CONNECTION WITH THIS LEASE. 

  

	 	16.11.	Surrender/Holdover by Tenant. Upon the expiration or other termination of the Term of this Lease, Tenant shall quit and surrender the Leased Premises in good order and condition, ordinary wear and tear and damage
by fire or other casualty, the elements and any cause beyond Tenant’s control excepted. Tenant acknowledges that possession of the Leased Premises must be surrendered upon the expiration or sooner termination of this Lease, TIME BEING OF THE
ESSENCE. Tenant shall reimburse, indemnify and hold Landlord harmless from any loss, cost or expense, including reasonable attorneys’ fees, resulting from Tenant’s failure or refusal to vacate the Leased Premises in a timely fashion. In
addition, Tenant agrees to pay for use and occupancy of the Leased Premises after the expiration or sooner termination of this lease at a rate equal to 150% of the Minimum Annual Rent, additional rent and adjustments to rent payable immediately
prior to such termination or expiration. No such payment shall, however, serve to renew or extend the Term of this Lease. The obligations set forth in this section shall survive the termination of this Lease. 

 

	17.	SECURITY DEPOSIT 

 Tenant shall deposit with Landlord, on the Rent Commencement Date, the sum of
$ 53,566.66, equal to two (2) months of rent payments, in lawful United States currency, 

  
 22 

 
for the faithful performance and observance by Tenant of the terms, provisions and conditions of this Lease. It is agreed that in the event Tenant defaults in respect of any of the terms,
provisions and conditions of this Lease, including, but not limited to, the payment of Rent, Landlord may draw on such security deposit to the extent required for the payment of Rent or any other sum as to which Tenant is in default, or any sum
which Landlord may expend or may be required to expend by reason of Tenant’s default in respect of any of the terms, covenants or conditions of this lease, including but not limited to, any damages or deficiency in the reletting of the Leased
Premises, regardless of whether such damages or deficiency occurred before or after summary process or other re-entry by Landlord. In the event that Landlord does draw on the security deposit, Tenant shall within ten (10) days of receiving
written notice from Landlord, replenish the security deposit by the amount Landlord withdrew therefrom and failure to do so within such ten (10) day period shall constitute a default under this Lease. In the event of a sale of the Leased
Premises or any portion thereof, Landlord shall have the right to transfer said security deposit to the new landlord upon such transfer and Landlord shall have no further liability for the security deposit. 

 

	18.	NOTICES 

 All notices and other communications hereunder (hereinafter collectively referred to
as “notices”) required to be given or which may be given hereunder shall be in writing and shall be sent by (a) certified or registered mail, return receipt requested, postage prepaid, or (b) national prepaid overnight delivery
service or (c) telecopy or other facsimile transmissions (followed with “hard” copy sent by national prepaid overnight delivery service), or (d) personal delivery with receipt acknowledged in writing, directed as follows: 

 

	 	Landlord:	Hudson View Building #3 LLC 

	 	  	485 West Putnam Avenue 

	 	  	Greenwich, Connecticut 06830 

  

	 	Tenant:	ContraFect Corporation 

	 	  	469 7th Avenue 

	 	  	New York, NY 10018 

	 	  	(prior to the Rent Commencement Date, thereafter, notices to 

	 	  	Tenant shall be delivered to Tenant at the Leased Premises) 

 Any notice so sent by certified
or registered mail shall be deemed given on the date of receipt or refusal as indicated on the return receipt. Any notice sent by telecopy or other facsimile transmission shall be deemed given when the “hard” copy sent by national prepaid
overnight delivery service is received or refused. All other notices shall be deemed given when actually received or refused by the party to whom the same is directed. A notice may be given either by a party or by such party’s attorney or other
authorized agent. Either party may designate by notice given to the other in accordance with the terms of this Section 18, additional or substitute parties or addresses to whom notices should be sent hereunder. 

  
 23 

	19.	ENVIRONMENTAL PROVISIONS. 

  

	 	19.1.	Hazardous Substances. The term “Hazardous Substances”, as used in this Section 19, shall include, without limitation, flammables, explosives, radioactive materials, asbestos, polychlorinated
biphanyls (PCBs), chemicals known to cause cancer or reproductive toxicity, pollutants, contaminants, hazardous wastes, toxic substances or related materials, petroleum and petroleum products, and substances declared to be hazardous or toxic under
any law or regulation now or hereafter enacted or promulgated by any governmental authority. 

  

	 	19.2.	Environmental Prohibitions. Tenant shall not cause or permit to occur: 

  

	 	a.	Any violation of any federal, state, or local law, ordinance, or regulation now or hereafter enacted, related to environmental conditions on, under, or about the Leased Premises, or arising from Tenant’s use or
occupancy of the Leased Premises, including, but not limited to, soil and ground water conditions; or 

  

	 	b.	The use, generation, release, manufacture, refining, production, processing storage, or disposal of any Hazardous Substances on, under, or about the Leased Premises, or the transportation to or from the Leased Premises
of any Hazardous Substances in violation of law. 

  

	 	19.3.	Environmental Compliance. 

  

	 	a.	Tenant shall, at Tenant’s expense, comply with all laws regulating the use, generation, storage, transportation, or disposal of Hazardous Substances relating to the operation of the Leased Premises (the
“Laws”). 

  

	 	b.	Tenant shall, at Tenant’s sole cost and expense, make all submissions to, provide all information required by, and comply with all requirements of all governmental authorities (the “Authorities”) under
the Laws in connection with the operation of the Leased Premises. 

  

	 	c.	If any Authority or any third party demands that a clean-up plan be prepared and that a clean-up be undertaken because of any deposit, spill, discharge, or other release of Hazardous Substances that occurs during the
Term, at or from the Leased Premises, or which arises at any time from Tenant’s use or occupancy of the Leased Premises, then Tenant shall, at Tenant’s expense, prepare and submit the required plans and all related bonds and other
financial assurances; and Tenant shall carry out all work required by such clean-up plans. 

  

	 	d.	 Tenant shall promptly provide all information regarding the use, generation, storage, transportation or disposal of Hazardous Substances that is
reasonably requested by Landlord. Tenant shall promptly notify Landlord of any and all violations of the Laws; and, except in the case of an emergency, and subject to the next succeeding sentence, Tenant shall

  
 24 

	 	
first make diligent efforts to obtain Landlord’s approval for any remedial action required in accordance with this Section 19 as a result of any violations of the Laws. Landlord
may, at its sole discretion, take any and all such remedial action required under this Section 19 at Tenant’s sole cost and expense; and in such case, Tenant shall cooperate with Landlord in order to prepare all documents Landlord
reasonably deems necessary or appropriate to determine the applicability of the Laws to the Leased Premises and Tenant’s use thereof, and for compliance therewith, and Tenant shall execute all such documents promptly upon Landlord’s
request. No such action by Landlord and no attempt made by Landlord to mitigate damages under any Law shall constitute a waiver of any of Tenant’s obligations under this Section 19.3. 

 

	 	e.	Tenant’s obligations and liabilities under this Section 19.3 shall survive the expiration or termination of this Lease. 

 

	 	19.4.	Environmental Indemnity. Tenant shall indemnify, defend, and hold harmless Landlord and its employees, agents, members, managers, successors and assigns from all fines, suits, procedures, claims and actions of
every kind and all costs, associated therewith (including reasonable attorneys’ and consultant’s fees) arising out of or in any way connected with any deposit, spill, discharge, release of Hazardous Substances or other violation of Law
that occurs during the Term at or from the Leased Premises to the extent caused by Tenant or its employees, agents, contractors, Visitors, sublessors, assignees, invitees, guests or representatives, or which arises at any time, from Tenant’s
failure to provide all information, make all submissions, and take all actions required by all Authorities under the Laws. Tenant’s obligations and liabilities under this Section 19.4 shall survive the expiration or termination of
this Lease. 

  

	20.	MISCELLANEOUS PROVISIONS 

  

	 	20.1.	Intentionally omitted. 

  

	 	20.2.	Passageways, etc. No permanent or temporary revocations or modifications of any license, permit or privilege to occupy or use or maintain any passageway, or structure in, over or under any street or sidewalk, nor
any permanent or temporary deprivation of any existing right, privilege or easement appurtenant to the Leased Premises, including rights to use any part of the Common Area, shall operate as or be deemed an eviction of Tenant or in any way terminate,
modify, diminish or abate the obligation of Tenant to pay all Rent and to perform each and every covenant required under this Lease provided that Tenant shall have reasonable access to the Leased Premises. 

 

	 	20.3.	 Tenant’s Conflicts. Tenant hereby covenants, warrants and represents that by executing this Lease and by the operation of the Leased
Premises under this Lease, it is not violating, has not violated and will not be violating any restrictive covenant or agreement contained in any other lease or contract affecting Tenant or

  
 25 

	 	
any subsidiary, affiliate, associate or any other person or entity with whom or with which Tenant is related or connected financially or otherwise. Tenant hereby covenants and agrees to defend,
indemnify and save harmless Landlord, any future owner of the Leased Premises or any part thereof, and any mortgagee thereof against and from all liabilities, obligations, damages, penalties, claims, costs and expenses, including attorneys’
fees, paid, suffered or incurred by them or any of them an a result of any breach of the foregoing covenant. Tenant’s liability under this covenant extends to the acts and omissions of any subtenant, and any agent, servant, employee or licensee
of Tenant or any subtenant of Tenant. 

  

	 	20.4.	Relationship of the Parties. Nothing contained herein shall be deemed or construed, by the parties hereto, nor by any third party, as creating the relationship of principal and agent, of partnership or of joint
venture between the parties hereto, it being understood and agreed that neither the method of computation of rent nor any other provision contained herein, nor any acts of the parties hereto, shall be deemed to create any other relationship than
that of Landlord and Tenant. 

  

	 	20.5.	Binding Effect. This Lease shall be binding upon and inure to the benefit of Landlord and Landlord’s successors and assigns. This Lease shall be binding upon and inure to the benefit of Tenant and
Tenant’s successors and permitted assigns. 

  

	 	20.6.	Exhibits. All Exhibits attached to this Lease are made a part of this Lease and incorporated by this reference into this Lease. 

 

	 	20.7.	Entire Agreement. This Lease and the Exhibits attached to this Lease set forth all the covenants, promises, assurances, agreements, representations, conditions, warranties, statements and understandings (the
“Representations” collectively) between Landlord and Tenant concerning the Leased Premises and the Building, and there are no representations, either oral or written, between them other than those in this Lease. This Lease supersedes and
revokes all previous negotiations, arrangements, letters of intent, offers to lease, reservations of space, lease proposals, brochures, representations and information conveyed as to the Leased Premises, whether oral or in writing, between the
parties or their respective representatives or any other person purporting to represent Landlord or Tenant. Tenant acknowledges that it has not been induced to enter into this Lease by any representations not set forth in this Lease, it has not
relied on any such representations, no such representations shall be used in the interpretation or construction of this Lease and Landlord shall have no liability for any consequences arising as a result of any such representations. No subsequent
alteration, amendment, change or addition to this Lease shall be binding upon Landlord or Tenant unless in writing signed by both parties. 

  

	 	20.8.	 Signing. The signing of this Lease by Tenant and delivery of this Lease to Landlord or its property manager does not constitute a reservation
of or option for the Leased Premises or an agreement to enter into a Lease and this Lease shall 

  
 26 

	 	
become effective only if and when Landlord signs and delivers same to Tenant: Tenant shall deliver to Landlord concurrently with the delivery to Landlord of a signed Lease, certified resolutions
of Tenant’s Board of Directors authorizing the signing and delivery of this Lease and the performance by Tenant of its obligations under this Lease. 

  

	 	20.9.	No Accord. 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 considered an accord and satisfaction. 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 to possession of the Leased Premises shall reinstate, continue or extend the
Term. Landlord may allocate payments received from Tenant to outstanding account balances of Tenant under this Lease in the manner determined by Landlord and Landlord shall not be bound by any allocations of such payments made by Tenant by notation
or endorsement on checks or otherwise. 

  

	 	20.10.	Broker. Tenant represents to Landlord that Tenant has not dealt with any real estate broker, salesperson, or finder in connection with this Lease, and no such person initiated or participated in the negotiation
of this Lease, or showed the Leased Premises to Tenant. Tenant agrees to indemnify, defend and hold harmless Landlord, and its agents, property manager, contractors and employees, from and against any and all claims, demands, liabilities, actions,
damages, costs and expenses (including reasonable attorneys’ fees) for brokerage commissions or fees arising out of a breach of such representation. 

  

	 	20.11.	Force Majeure. Landlord shall not be considered in default of any of the terms, covenants and conditions of this Lease on Landlord’s part to be performed, if Landlord fails to timely perform same and such
failure is due in whole or in part to any strike, lockout, union labor trouble (whether legal or illegal), civil disorder, inability to procure materials, failure of power, restrictive governmental laws and regulations, riots, insurrections, war,
fuel shortages, accidents, casualties, Acts of God, acts caused directly or indirectly by Tenant (or Tenant’s agents, employees or invitees) or any other cause beyond the reasonable control of Landlord. 

 

	 	20.12.	No Waiver. The receipt by Landlord of any Rent with knowledge of the breach of any covenant of this Lease by Tenant shall not be deemed a waiver of such breach or any subsequent breach of this Lease by Tenant and
no provision of this Lease and no breach of any provision of this Lease shall be deemed to have been waived by Landlord unless such waiver be in writing signed by Landlord. Notwithstanding any cancellation or termination of this Lease, nothing
herein shall be consumed to release Tenant from any liability or responsibility (whether then or thereafter occurring) with respect to any acts, omissions or obligations of Tenant occurring prior to such cancellation or termination, all of which
shall survive such cancellation or termination. 

  
 27 

	 	20.13.	Captions. Section and Section captions in this Lease are inserted only as a matter of convenience and in no way define, limit, consume or describe the scope or intent of such Section and
Section captions. 

  

	 	20.14.	Applicable Law. This Lease shall be construed in accordance with the laws of the State of New York. 

  

	 	20.15.	Notice of Lease. Tenant agrees not to record this Lease but each party hereto agrees, at the request of the other, to execute a Notice of Lease in recordable form complying with applicable law and reasonably
satisfactory to Landlord’s attorneys. In no event shall such documents set forth the Rent or other charges paid by Tenant hereunder. Notwithstanding any provisions of this Section 20.15, Tenant may submit a copy of this Lease to
Tenant’s insurer with respect to the Leased Premises. 

  

	 	20.16.	Severability. If any clause, phrase, provision or portion of this Lease or the application of same to any person or circumstance shall be invalid or unenforceable under applicable law such event shall not affect,
impair or render invalid or unenforceable the remainder of this Lease, nor any other clause phrase, provision or portion of this Lease, nor shall it affect the application of any clause, phrase, provision or portion of this Lease to other
persons or circumstances. 

  

	 	20.17.	No Construction Against Preparer of Lease. This Lease has been prepared by Landlord and its professional advisors and reviewed by Tenant and its professional advisors. Landlord, Tenant and their separate advisors
believe that this Lease is the product of all of their efforts, that it expresses their agreement and that it should not be interpreted in favor of either Landlord or Tenant or against either Landlord or Tenant merely because of their efforts in
preparing it. 

  

	 	20.18.	Intentionally omitted. 

  

	 	20.19.	Usury. It is the intent of Landlord and Tenant to comply at all times with applicable usury laws. If at any time such laws would render usurious any amounts called for under this Lease, then it is Landlord’s
and Tenant’s express intention that such excess amount be immediately credited toward Rent and the provisions hereof and thereof be immediately deemed to be reformed and the amounts thereafter collectible hereunder reduced to comply with the
then applicable laws, without the necessity of the execution of any further documents. 

  

	 	20.20.	Definition of Landlord: Landlord’s Liability. The word “Landlord” is used herein to include Landlord named above as well as its successors and assigns, each of whom shall have the same rights,
remedies, powers, authorities and privileges as it would have had if it originally signed this Lease as Landlord. Any such person, whether or not named herein, shall have no liability hereunder after it ceases to hold title to the Leased Premises.
Neither Landlord nor any principal of Landlord nor the owner of the Leased Premises, whether disclosed or undisclosed, shall have any personal liability with respect to any of the provisions of this Lease or the Leased Premises. 

  
 28 

	 	20.21.	Expansion Option. 

  

	 	a.	Provided that this Lease is in full force and effect, Tenant shall have the exclusive option, to be exercised by notice (the “Election Notice”) as hereinafter provided, to include in this Lease for one
(1) year as part of the Leased Premises, (i) that eastern portion of the third (3rd) f1oor of the Building which is presently vacant and does not include the Leased Premises, and
contains approximately 15,000 rentable square feet as shown on Exhibit B-2 (the “Entire East Side”).Tenant shall have the exclusive option to lease the Expansion Space, as of a delivery date to be mutually agreed upon by the parties,
but not greater than ninety (90) days from the date of the Election Notice. 

  

	 	b.	Any Election Notice shall be irrevocable upon delivery and time shall be of the essence in connection with the exercise of the Expansion Option hereunder. If Tenant does not elect to include the Expansion Space as part
of the Leased Premises within one (1) year of the Lease Commencement Date, Tenant shall be deemed to have waived its expansion rights with respect to the Expansion Space. 

 

	 	c.	The Minimum Annual Rent for the Expansion Space shall be at the same per square foot rental rate as the entire Leased Premises and pursuant to all of the same Lease terms as set forth herein, including but not limited
to, parking spaces, office space build out, laboratory buildout and/or rent. 

  

	 	d.	In the event Tenant duly and properly exercises the Expansion Option, the Expansion Space shall automatically become part of the Leased Premises covered by this Lease without execution of an amendment to this Lease. At
the request of either party, the parties shall promptly execute and deliver a written amendment to this Lease reflecting the addition of the expansion Space as part of the Leased Premises for the remainder of the Term, the increase of the Minimum
Annual Rent and additional rental. 

  

	 	20.22.	 Right of First Offer. Provided Tenant is not in default under the terms and conditions of this Lease beyond the expiration of any applicable
notice and grace period, if at any time during the Term, Landlord shall desire to lease the Second (2nd) Floor (or if Landlord receives an offer for same that Landlord desires to accept)
(such applicable space, the “Potential Offering Space”), then before offering to lease the Potential Offering Space to such other party (or accepting any such unsolicited offer), Landlord shall deliver to Tenant a notice (the
“ROFO Offer”) setting forth the rental rate and all other material terms and conditions upon which Landlord would be willing to lease the Potential Offering Space (or, if applicable, enclosing a copy of the other party offer).
Tenant shall, by written 

  
 29 

	 	
notice to be delivered to Landlord before 5:00 p.m. on the twentieth (20th) Business Day following Tenant’s receipt of the ROFO
Offer (such 20-Business Day period, the “ROFO Offer Response Period”), TIME BEING OF THE ESSENCE WITH RESPECT TO SUCH TIME AND DATE, either (i) accept the ROFO Offer or (ii) decline
the ROFO Offer. If Tenant fails to give a notice by the expiration of the ROFO Offer Response Period, it will be deemed to have declined the ROFO Offer. If Tenant accepts the ROFO Offer, then it shall enter into a lease amendment agreement
reasonably acceptable to both Tenant and Landlord to lease all the Potential Offering Space on the terms and conditions stated in the ROFO Offer. If Tenant fails to accept the ROFO Offer during the ROFO Offer Response Period, then, except as
expressly provided below, Tenant’s right of first offer shall terminate, Tenant’s rights to the space shall no longer be effective and Landlord shall have the right to lease the Potential Offering Space to any person or entity on not
materially less favorable economic terms set forth in the ROFO Offer without being subject to any rights of Tenant, and Tenant shall have no further rights. If Tenant fails to accept the ROFO Offer during the ROFO Offer Response Period and
thereafter Landlord desires to accept an offer to lease the Potential Offering Space from any person or entity on terms that are on materially less favorable economic terms, Landlord shall be required to deliver another ROFO Offer to Tenant in
accordance with the provisions of this Section. Further, if Landlord fails to lease the Potential Offering Space to another party within three (3) months after Tenant’s rejection or deemed rejection of such space, then Tenant shall once
again have the option to lease the Additional Space pursuant to this Article. “Materially less favorable economic terms” shall mean a difference office (5%) percent. 

 

	 	20.23.	Delay Damages. 

  

	 	a.	Landlord’s Laboratory Space work set forth in Section 1.1(i) must be fully completed so that a temporary and/or final certificate of occupancy is issued for the laboratory space by May 31,2011
TIME BEING OF THE ESSENCE. For every month that Landlord has not obtained a temporary and/or final certificate of occupancy for the laboratory space beyond May 31, 2011 TIME BEING OF THE ESSENCE, Tenant shall be given two
(2) free months of rent. For example, if Landlord has not obtained a temporary and/or final certificate of occupancy for the Laboratory Space by May 31, 2011 TIME BEING OF THE ESSENCE, then two months rent is waived by
Landlord. If Landlord has not obtained a temporary and/or final certificate of occupancy for the Laboratory Space by June 30, 2011 TIME BEING OF THE ESSENCE, then an additional two months rents are also waived by Landlord.

  

	 	b.	 Landlord’s Laboratory Space work set forth in Section 1.1(j) must be fully completed so that a temporary and/or final certificate of
occupancy is issued for the office space by June 30, 2011 TIME BEING OF THE ESSENCE. For every month that Landlord has not obtained a temporary and/or final certificate of occupancy for the office space beyond June 30,

  
 30 

	 	
2011 TIME BEING OF THE ESSENCE, Tenant shall also be given two (2) free months of rent. For example, if Landlord has not obtained a temporary and/or final certificate of
occupancy for the Office Space by June 30, 2011 TIME BEING OF THE ESSENCE, then two months rent is waived by Landlord. If Landlord has not obtained a temporary and/or final certificate of occupancy for the Office Space by
July 31, 2011 TIME BEING OF THE ESSENCE, then an additional two months rents are also waived by Landlord. 

  

									
	WITNESSES:	 		 	 LANDLORD: HUDSON VIEW BUILDING #3

LLC

					
	 	 	 	 		 	By:	 	/s/ Joseph Cotter
		 		 		 		 	Joseph Cotter
		 		 		 		 	As Its: Managing Member
		 		 		 		 	and/or Authorized Agent

  

									
		 		 	 TENANT:
 CONTRAFECT
CORPORATION

					
	 	 	 	 		 	By:	 	/s/ Robert Nowinski
		 		 		 		 	Robert Nowinski,
		 		 		 		 	As Its: Chief Executive Officer

  
 31 

 Exhibit A-1 
  

 

 Exhibit B-1 
  

 

 Exhibit B-2 
  

 

 Exhibit C 

CONTRAFECT CORP 

Upgrades as per plans dated 11-03-10 

Revised 11-09-10 
 Carpentry

 Standard carpentry: 

	 	•	 	Sheetrock walls, solid birch doors with standard hardware, Armstrong Cortega 2x4 suspended ceiling tile in 15/16” grid 

Upgraded carpentry: 

	 	•	 	225’ of Extruded aluminum frames, 30” transom 

 Twenty one (21) 3’x7’
aluminum frames. 
 Three (3) 6’x7’ aluminum frames. 

28’ of 10’ high glass walls at Conference Room 317. 

 1⁄2” glass frameless door for entry area (6x7)

			
	Upgraded Budget:	  	$43,557.64
	Upgraded Budget Break out	  	$19,686.24 for 558 sf of framed glass transom. ($35.28 per sf)
		  	$5,953.50 for (21) 3’x7’ alum door frames. ($283.50 per frame)
		  	$1,039.50 for (3) 6’x7’ alum door frames. ($346.50 per frame)
		  	$9,878.40 for 28’ of 10’ high glass wall. ($35.28 per sf)
		  	$7,000.00 for 6’x7’ frameless glass door & hardware at entry.

  

	 	•	 	Curved Walls 

 Upgraded Budget:    $3,414.00 

	 	•	 	Ceilings in Conference Room 317 & 329 to be Cirrus Boarders with Supra Fina 9/16” Grid 

Upgraded Budget:    $2,010.00 

	 	•	 	Ceilings for Offices & Hallways to be Dune with Supra Fina 9/16” Grid 

 Upgraded
Budget:    $15,598.00 

	 	•	 	Ceilings in Hallway on 45 degree angle 

 Upgraded Budget:    $2,244.00

	 	•	 	Construct soffits as per plan. 

 Upgraded Budget:    $7,710.00

	 	•	 	Ceilings in Boardroom Room 308 to be Woodworks Vector Ceiling with Supra Fine 9/16” Grid. 

Upgraded Budget:    $17,500.00 

 Standard finishes: 

	 	•	 	Carpet ($22.00 per SY) 

 Upgraded finishes: 

Upgraded Budget:    $44,202.20 

	 	•	 	Furnish & install Bentley broadloom carpet in lieu of specified carpet on drawing.(760 SY) 

(Carpet to be Modern Foundation, Distinctive Ikat or Tall Story, color to be selected) 

Upgraded Budget:    $13,885.20 

	 	•	 	Furnish & Install Armstrong Static Dissipating Tile, color to be selected. (180 sq ft) 

Upgraded Budget:    $2,948.00 

	 	•	 	Furnish & install Forbo Marmoleum Sheet Vinyl Real series color to be selected. (54 sq ft) 

Includes labor to heat weld seams in sheet vinyl 

Upgraded Budget:    $4,261.00 

	 	•	 	Ceramic floor tile. Furnish & Install standard grade 2 x 2 ceramic mosaic tile, color to be selected. (100 sq ft) 

Upgraded Budget:    $1,323.00 

	 	•	 	Ceramic wall tile. Furnish & install standard grade 6 x 6 ceramic wall tile, color to be selected. (200 sq ft) 

Upgraded Budget:    $2,520.00 

	 	•	 	Furnish & install standard grade ceramic base to match wall tile. (108 lf) 

 Upgraded
Budget:    $353.00 

	 	•	 	Furnish & install standard grade ceramic bullnose tile to match wall tile. (108 lf) 

Upgraded Budget:    $245.00 

	 	•	 	Furnish & install Dal 24 x 24 City View Color District Gold. (778 sq ft) 

 Upgraded
Budget:    $17,155.00 

	 	•	 	Furnish & install standard grade pre finished cherry wood. 

 Upgraded
Budget:    $1,512.00 
 Plumbing 

Standard plumbing: 

	 	•	 	Plumbing of Kitchenette. 

 Upgraded plumbing: 

	 	•	 	CEO Lav, President Lav, Boardroom sink/faucet & Water heaters 

 Upgraded
Budget:    $24,800.00 

 Electrical 

Standard lighting: 

	 	•	 	2x4 parabolic lighting 

 upgraded lighting: 

Total Upgraded Budget:    $60,202.25 

	 	•	 	A – 2x2 Direct/Indirect Fluorescent (98) 

 Upgraded
Budget:    $19,722.25 ($201.25 each) 

	 	•	 	C – Louis Poulsen ‘AJ Cirkul’ 18.3 Semi Recessed, Brass (3) 

 Upgraded
Budget:    $9,487.50 ($3,162.50 each) 

	 	•	 	D – Lightolier 6” Recessed Directional (4) 

 Upgraded
Budget:    $1,035.00 ($258.75 each) 

	 	•	 	M – Tech Lighting Two Circuit Monorail Satin Nickel (1)

 Upgraded
Budget:    $4,025.00 each 

	 	•	 	P – Solavanti ‘Tonga I’ (3) 

 Upgraded
Budget:    $3,363.75 ($1,121.25 each) 

	 	•	 	P2 – Louis Poulsen ‘Orbiter’ Pendant (4) 

 Upgraded
Budget:    $8,740.00 ($2,185.00 each) 

	 	•	 	R – Lightolier ‘DT’ Tiered Rings 6” Recessed Polished Alum. (9) 

Upgraded Budget:    $3,363.75 ($373.75 each) 

	 	•	 	S – Louis Poulsen ‘Orbiter’ Sconce (4) 

 Upgraded
Budget:    $8,740.00 ($2,185 each) 

	 	•	 	W – Wall/Mirror Linear Light (2) 

 Upgraded
Budget:    $1,725.00 ($862.50 each) 
 Notes: 

	 	•	 	Wall finish upgrades not included at this time. 

 Total Upgraded budget cost if all the
above are selected:             $  221,238.09 

 Exhibit D 
  

 

 Exhibit F

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