Document:

Exhibit 4.11

 

EXECUTION VERSION

 

AMENDED AND
RESTATED CONSULTING AGREEMENT

(2018)

 

THIS AGREEMENT made as
of this 1st day of February 2018.

 

BETWEEN:

 

RAYMOND
ANDERSEN, an individual having an address at 4048 West 32nd Avenue, Vancouver, British Columbia, V6S
1Z6

 

(the “Consultant”)

 

AND:

 

ESSA
PHARMA INC., a corporation incorporated under the laws of the Province of British Columbia, having a registered
office at 999 West Broadway, Suite 720, Vancouver, British Columbia, V5Z 1K5

 

(the “Company”)

 

WHEREAS:

 

		A.	The Company and the Consultant entered into a consulting agreement dated December 22, 2010, as
amended by an amending agreement dated February 1, 2013 and an amending agreement dated February 1, 2015 (collectively, the “Prior
Agreement”);

 

		B.	The Company wishes to continue to retain the Consultant to provide the services hereinafter described
and the Consultant wishes to continue to provide such services to the Company; and

 

		C.	The parties have agreed to amend and restate the terms of the Prior Agreement as more fully set
out herein.

 

NOW THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each Party, the Parties hereby agree
as follows:

 

		1.0	DEFINITIONS

 

1.1             In
this Agreement, the following words and expressions shall have the following meanings, unless the context otherwise requires:

 

“Agreement”
means this consulting agreement and the appendices attached hereto, as amended or supplemented from time to time.

 

“Associates”
means any of the suppliers, distributors, customers or other business partners of the Company, including BCCA and UBC.

 

     

     

    

  

“BCCA”
means the British Columbia Cancer Agency Branch or any other entity or organization by whom the Consultant may be employed at the
relevant time.

 

“Board”
means the board of directors of the Company.

 

“Business”
means the business of research, development and commercialization of therapies that relate to decreasing levels of the androgen
receptor or decreasing androgen receptor activity, including consulting to any private sector person or entity engaged in any of
the foregoing activities.

 

“CEO”
means the Chief Executive Officer of the Company.

 

“Company
Confidential Information” means Confidential Information that is owned by the Company, in whole or in part, and excludes
any Confidential Information owned by an Associate or any third party.

 

“Compensation
Committee” means a committee consisting of independent members of the Board.

 

“Confidential
Information” means trade secrets and other information, in whatever form or media, in the possession of the Company and
owned by the Company or by its Associates, which is not generally known to the public, or the nature of which is such that it would
generally be considered confidential in the industry in which the Company operates or which the Company is obligated to treat as
confidential or proprietary. Confidential Information includes the following:

 

		(a)	the Products and confidential or proprietary facts, data, techniques, biologic and other materials
and other information related to the Products or the Business of the Company;

 

		(b)	all Work Product;

 

		(c)	information regarding the Company’s business operations, methods and practices, including
market strategies, product pricing, margins and information regarding the financial, legal and corporate affairs of the Company;

 

		(d)	the names of the Company’s Associates and the nature of the Company’s relationships
with such Associates; and

 

		(e)	technical and business information of or regarding the Company’s Associates, including the
Associates’ technology, intellectual property, biologic and other materials, and business, but shall not include:

 

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		(i)	any information that is possessed by the Consultant prior to receipt from the Company, other than
through prior disclosure by the Company, BCCA or UBC, as evidenced by the Consultant’s business records;

 

		(ii)	any information that is published or available to the general public, other than through a breach
of this Agreement or another agreement of confidentiality with the Company;

 

		(iii)	any information that is obtained by the Consultant from a third party with a valid right to disclose
it, provided that the third party is not, directly or indirectly, under an obligation of confidentiality to the Company;

 

		(iv)	any information that is disclosed by the Consultant with the prior written approval of the Company;
or

 

		(v)	any information that is required to be disclosed by operation of law or the requirement of a governmental
agency, provided that the Consultant will provide the Company with reasonable advance notice of any such proposed disclosure to
give the Company a reasonable period of time in which to object to such disclosure.

 

“Consultant’s
Fee” has the meaning ascribed thereto in Section 5.1.

 

“Effective
Date” means February 1, 2018.

 

“Excluded
Work Product” means any intellectual property that is developed, created, generated or reduced to practice by the Consultant
during the course of the Consultant’s employment by UBC that is a Licensor Improvement under the License Agreement
or that is generated by the Consultant and any persons working in collaboration with him who are non-ESSA employees during the
course of his employment with UBC or during the course of use of any UBC research facilities or resources or in connection with
any UBC gift, grant or contract research funds that pursuant to the Consultant’s employment with UBC is the property of UBC,
unless otherwise agreed in any agreement between UBC, the Consultant and the Company.

 

“License
Agreement” means the Amended and Restated License Agreement between the Company, BCCA and UBC dated May 27, 2014.

 

“Parties”
means the Company and the Consultant, and “Party” means either of them. 

 

“Products”
means:

 

		(a)	therapies, approaches, screening methodologies, diagnostic assays, therapeutic molecules, compounds
and their mechanistic action that modulate androgen receptor 

  

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			activity and are discovered or developed by the Company, and any other
products derived from the discovery or development by the Company of molecular compounds that can be used to treat prostate cancer;

 

		(b)	any intellectual property or assets owned, licensed, sold, marketed or used by the Company in connection
with the Business, including enhancements, modifications, additions or other improvements to such intellectual property; and

 

		(c)	any other products or technologies that the Company discovers or develops during the Term.

 

For the avoidance
of doubt, Products exclude any Excluded Work Product.

 

“Services”
means the services described in Appendix A to this Agreement.

 

“Term”
has the meaning ascribed thereto in Section 3.1.

 

“UBC”
means the University of British Columbia.

 

“Work
Product” means any and all tangible materials and any and all ideas, inventions, improvements, discoveries, know-how,
techniques, designs, developments, suggestions, products, machines, methods, hardware, names, titles, plans and works of authorship
(including computer programs, software, logic design and documentation), industrial designs, utility models and other information
and materials that relate to the Product, whether or not patentable, copyrightable or otherwise registrable under applicable statutes,
that made, conceived, created, invented, reduced to practice, developed or authored by the Consultant, either alone or jointly
with others, whether or not reduced to drawings, written description, documentation, models or other tangible form, in the course
of performing the Services hereunder (including, for the avoidance of doubt, under the Prior Agreement). For the avoidance of doubt,
Work Product excludes Excluded Work Product.

 

1.2             The
division of this Agreement into sections and the insertion of headings are for convenience of reference only and shall not affect
the construction or interpretation of this Agreement. Unless something in the subject matter or context is inconsistent therewith,
all references herein to sections or subsections are to sections or subsections of this Agreement.

 

1.3             In
this Agreement words importing the singular number only shall include the plural and vice versa, wordings importing the masculine
gender shall include the feminine and neuter genders and vice versa and words importing persons shall include individuals, partnerships,
associations, trusts, unincorporated organizations, and companies.

 

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1.4             Wherever
the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed
to be followed by the words “without limitation” and the words following “include”, “includes”
or “including” shall not be considered to set forth an exhaustive list.

 

1.5             All
references to money or currency in this Agreement are to lawful money of Canada.

 

1.6             Appendix A
and Appendix B attached hereto form an integral part of this Agreement.

 

		2.0	 ENGAGEMENT OF CONSULTANT

 

2.1             The
Company hereby engages the Consultant to perform, and the Consultant hereby agrees to make himself available to perform, (i)
Services for up to 32 hours per month during the Term, at such times and place or places as the Consultant may determine, which
amount of hours of Services is based on an annual Consultant’s Fee of $180,000 CDN for the first and second years of the
Term, and (ii) Services for up to 22 hours per month during the Term, at such times and place or places as the Consultant may determine,
which amount of hours of Services is based on an annual Consultant’s Fee of $120,000 CDN for the third and fourth years of
the Term, subject to Section 5.1. Notwithstanding the foregoing, the Consultant will not be required to provide Services to the
Company for one or more vacation periods of up to two months per year, for a cumulative total of 64 hours of Services for the first
and second year of the term and 44 hours of Services for the third and fourth year of the term. Such vacation period or periods
shall be scheduled at such time or times as requested by the Consultant and approved by the CEO, such approval not to be unreasonably
withheld. For clarity, no unused annual vacation period or periods may be carried forward to a subsequent calendar year without
the authorization of the CEO.

 

2.2             The
Parties acknowledge and agree that the Consultant shall provide the Services as an independent contractor, and that this Agreement
is not intended, and will not operate, to make the Consultant an employee of the Company for any purpose whatsoever.

 

2.3             The
Consultant is solely responsible for maintaining his own insurance, including general liability and professional liability, if
applicable.

 

2.4             The
Consultant is solely responsible for maintaining his own accounting records and books.

 

2.5             The
Company acknowledges that the Consultant is an employee of UBC and agrees that: (a) the Consultant’s employment with UBC
is subject to the policies and requirements of UBC which may impose certain restrictions on his availability to perform the Services,
and (b) the Consultant may, throughout the Term, continue such employment and undertake such other employment and business activities
as the Consultant wishes, provided that such activities do not interfere with the performance of Services by the Consultant under
this Agreement or contravene the provisions of Section 7.0.

 

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2.6             Notwithstanding
any other provision of this Agreement, the Parties acknowledge the rights of, and the Consultant’s obligations to, UBC that
exist by virtue of the Consultant’s work with UBC, including without limitation
with respect to Excluded Work Product, and further acknowledge that no provision of this Agreement is intended to nor will it
prevent the Consultant from fulfilling such obligations, unless otherwise agreed in any written agreement between UBC, the Consultant
and the Company. The Consultant acknowledges that it is his sole responsibility to ensure that his provision of the Services
to the Company is in compliance with UBC policies.

 

2.7             The
Parties recognize that any presentation by the Consultant at symposia, national or regional professional meetings, publication
in journals or other publications, accounts of the Consultant’s research with respect to the Excluded Work Product, including
research results from the Consultant’s work as an employee of UBC, are subject to Section 10.4 and 10.5 of the License Agreement,
which the Consultant acknowledges having read and to which the Consultant agrees to be bound, and the Company and the Consultant
agree to abide by Section 10.0 of the License Agreement in respect to the Excluded Work Product. The Parties acknowledge that the
Work Product is subject to the terms of Section 6.0 of this Agreement.

 

2.8             The
Consultant will not use the name of the Company or any of its Associates in any publication or advertisement without the CEO’s
prior written approval, except this shall not apply to UBC or any of UBC’s Associates, save for the Consultant’s obligation
to disclose his relationship with the Company to the extent required by rules of professional conduct.

 

3.0             TERM
OF AGREEMENT

 

3.1             This
Agreement shall become effective on the Effective Date and continue in full force and effect, subject to earlier termination or
extension as hereinafter provided, for a term of four (4) years following the Effective Date (such period referred to as the “Term”).
The Term may be extended for additional periods of one year each by mutual written agreement between the Parties.

 

4.0             duties
of consultant

 

4.1             In
performing the Services, the Consultant shall act honestly and in good faith in the best interests of the Company, subject to Sections
2.5 and 2.6 of this Agreement, and shall exercise the degree of care, diligence and skill that a reasonably prudent person would
exercise in comparable circumstances.

 

4.2             The
Consultant shall report directly to the CEO.

 

4.3             The
Services performed by the Consultant under this Agreement will conform to and will be carried out in accordance with such lawful
written directives or guidelines as may be prescribed from time to time by the CEO, subject to Sections 2.5 and 2.6 of this Agreement,
and where such directives have not been prescribed, the Consultant is authorized to exercise his independent judgment in the 

 

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furtherance
of the Company’s best interests, based on the information made available to him by the Company, and consistent with such
lawful general instructions as have been prescribed by the CEO.

 

4.4             The
Consultant represents that the performance of the Services in accordance with this Agreement will not breach any agreement by which
the Consultant is bound, including without limitation any agreement limiting the use or disclosure of proprietary information acquired
by the Consultant in confidence prior to the Consultant’s engagement as a consultant to the Company. The Consultant further
represents and agrees that the Services performed hereunder will not be conducted in a manner that would conflict with his obligations
to third parties, including UBC. The Consultant hereby represents and warrants to the Company that as of the date hereof neither
the execution nor the delivery of this Agreement will constitute or result in the breach of or default under any terms, provisions
or conditions of, or conflict with or violate, any contract to which the Consultant is a party or is subject to or by which the
Consultant is bound or from which the Consultant derives benefit.

 

5.0             compensation

 

5.1             The
Company will pay to the Consultant an annual fee as compensation for the performance by the Consultant of the Services hereunder
(the “Consultant’s Fee”). For the first and second year of the Term, the Consultant’s Fee shall
be of $180,000 CDN, which shall be paid in equal monthly installments of $15,000 each, in accordance with Section 5.6, commencing
on February 1, 2018. For the third and fourth year of the Term, the Consultant’s Fee shall be $120,000 CDN, which
shall be paid in equal monthly installments of $10,000 each, in accordance with Section 5.6, commencing on February 1, 2020 and
February 1, 2021, respectively. However, in the event that the Consultant’s provision of Services is expected to involve
greater hours than anticipated in Section 2.1 herein, at least 60 days prior to the commencement of the third and fourth year of
the Term, the Company and the Consultant shall negotiate in good faith for the purposes of increasing the amount of compensation
payable to the Consultant for the following year, such compensation to be based upon a mutually agreed upon work plan, setting
out the scope of the Services for the following year.

 

5.2             At
the end of each year of the Term of this Agreement, the Company may pay a bonus of up to 25% of the Consultant’s Fee (the
“Bonus”) to Consultant upon accomplishment of certain Consultant objectives, which align with Company goals.
Payment of any Bonus is at the recommendation of the Compensation Committee and at the sole discretion of the Board of Directors
of the Company. The Consultant objectives, which shall align with Company goals, will be as determined by the Company in
consultation with its Compensation Committee and agreed to by the Consultant prior to the beginning of each year of the Term. The
Consultant objectives and the associated quantum and timing of payment of the Bonus for the first year of the Term are listed in
Appendix B of this Agreement.

 

5.3             Throughout
the Term, the Company will reimburse the Consultant for all actual, reasonable and approved expenses incurred by the Consultant
in the course of his performance of the Services, 

 

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 including air and automobile travel, meals and lodging for business trips and
other out of pocket expenses, provided that the Consultant provides evidence of such expenses.

 

5.4             The
Company will not make any statutory deductions from any payments to the Consultant, since the Consultant is not and will not be
an employee of the Company. The Consultant agrees that the Company is not responsible for any statutory deductions or withholdings
from payments to the Consultant, including but not limited to deductions or withholdings related to Income Tax, Workers’
Compensation, Employment Insurance and Canada Pension Plan.

 

5.5             The
Consultant agrees to indemnify the Company from any claims, charges, taxes, penalties or demands which may be made by the Minister
of National Revenue or other statutory body against the Company for failure to make statutory deductions from invoices submitted
by the Consultant, including but not limited to, Income Tax, Workers’ Compensation, Employment Insurance and Canada Pension
Plan.

 

5.6             Subject
to Section 5.2, all fees paid to the Consultant under this Agreement, plus applicable provincial and federal taxes thereon, will
be payable monthly in arrears, by cash or cheque, within 30 business days of the end of the relevant month. The Consultant
shall from time to time provide invoices as may be reasonably requested by the Company.

 

5.7             All
expenses to be paid to the Consultant under this Agreement will be payable within 15 business days after a written request
from the Consultant for reimbursement, including supporting receipts.

 

5.8             The
Consultant shall be entitled to participate in incentive plans, to extent eligible under the terms of each such plan, established
from time to time by the Board. The terms of any such participation shall be determined by the Board, or a compensation committee
thereof, in its discretion.

 

5.9             The
Consultant will not be entitled to participate in any medical, dental, extended health or group life insurance plans of the Company
or any other benefits available to employees of the Company. 

5.10           In
recognition of past services and contributions to the Company, on February 21, 2018 the Company shall grant to the Consultant options
to acquire 1,600,000 common shares of the Company (pre 1:20 share consolidation) at an exercise price of $0.245 CDN/share (pre
1:20 share consolidation), such exercise price not being less than the closing market price of the Company’s common shares
on the day prior to the granting of the options. If there is any consolidation, subdivision or reclassification of the common shares
of the Company, the number of shares subject to the options under this Section shall be adjusted accordingly. Such options shall
vest monthly in arrears, in accordance with the terms of the Company’s stock option plan (the “Stock Option Plan”)
in 48 equal installments, with the first installment vesting on the one month anniversary of the date of the grant, being March
21, 2018, and subsequent installments vesting every one month anniversary thereafter. Vested options shall
be exercisable at any time and from time to time by the Consultant or his personal representative giving 

 

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written notice to the
Company of the number of vested options the Consultant or personal representative is exercising, and delivering payment to the
Company of the corresponding exercise price, with such options being exercisable up to 5:00 p.m. local time in Vancouver, British
Columbia on the expiry date in accordance with the terms of the Stock Option Plan. The stock options may continue to vest beyond
the Term of this agreement as stated in Section 3.0. Notwithstanding the foregoing, any of the options which have not yet vested
will vest immediately upon the occurrence of any of the following events:

 

		(a)	the direct or indirect acquisition or conversion of more than 50% of the issued and
                                                              outstanding shares of the Company by a person or group of persons acting in concert, other than through an employee share
                                                              purchase plan or employee share ownership plan and other than by persons who are or who are controlled by, the existing
                                                              shareholders of the Company;

 

		(b)	a merger, amalgamation or arrangement of the Company or of the voting shares of the Company
                                                              where the voting shares of the resulting merged, amalgamated or arranged company, as applicable, are owned or controlled by
                                                              shareholders of whom more than 50% are not the same as the shareholders of the Company immediately prior to the merger,
                                                              amalgamation or arrangement;

 

		(c)	a sale by the Company of greater than 50% of the fair market value of the assets of the Company,
through one or a series of transactions, to an entity that is not controlled by either the shareholders of the Company or by the
Company; or

 

		(d)	the death or Disability (as such term is defined in the Stock Option Plan) of the
                                                              Consultant.

 

For greater certainty, the options granted
in this Section 5.10 are subject to the terms of the Stock Option Plan, and in the event of any conflict between the terms of this
Agreement and the Stock Option Plan, or the certificate representing such options, the terms of the Stock Option Plan and option
certificate shall govern.

  

6.0             CONFIDENTIALITY
AND INTELLECTUAL PROPERTY

 

6.1             The Consultant
acknowledges that the Company Confidential Information consists entirely of trade secrets, confidential and proprietary
information that is the exclusive property of the Company or Associates from whom the Company has obtained its rights. At all
times during the Term and for a period of five years after the termination or expiry of this Agreement, or in the case
of trade secrets for so long as the information qualifies as trade secrets, the Consultant will treat the Company
Confidential Information in strict confidence and will not, directly or indirectly, disclose, allow access to, transmit or
transfer the Confidential Information to a third party (other than the Company’s or any Associate’s directors,
officers, bankers, consultants, business collaborators or partners, licensors, sublicensees, suppliers, distributors, agents
and legal and financial advisors in the ordinary course of business and on a reasonable need to know basis) unless otherwise
required by law or by a regulatory authority having 

 

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jurisdiction
over the Company, or except as previously approved in writing by the Company. The Consultant will protect such Company Confidential
Information from disclosure by exercising a standard of care as may reasonably be expected to preserve its secret and confidential
nature. The Consultant acknowledges and agrees that nothing contained in this Agreement will be construed as an assignment to the
Consultant of any right, title or interest in the Company Confidential Information. As between the Company and the Consultant,
all right, title and interest relating to the Company Confidential Information is expressly reserved by the Company and the Associates
from whom the Company has obtained its rights. All documents containing Confidential Information are the property of the Company
or the relevant Associate.

 

6.2             At
all times during the Term and for a period of five years after the termination or expiry of this Agreement, or in the case
of trade secrets for so long as the information qualifies as trade secrets, the Consultant will not use any of the Company Confidential
Information in any manner except as reasonably required for the Consultant to provide the Services. Without limiting the generality
of the foregoing, the Consultant agrees that at all times during and subsequent to the consulting relationship, the Consultant
will not use or take advantage of the Company Confidential Information for creating, maintaining or marketing, or aiding in the
creation, maintenance or marketing, of any product that is competitive with any of the Products.

 

6.3             The
Consultant will not copy or reproduce the Company Confidential Information except in the course of the Consultant’s consulting
relationship with and for the benefit of the Company or with the written approval of the Company. All copies of Company Confidential
Information remain the property of the Company.

 

6.4             Nothing
in this Agreement precludes the Company from obtaining, protecting or enforcing its intellectual property rights or enforcing the
Consultant’s obligations pursuant to the provisions of Section 6.0 or Section 7.0 in a court of competent jurisdiction,
or from pursuing any other remedy available to it for such breach or threatened breach, including the recovery of damages from
the Consultant. The Consultant acknowledges that irreparable harm may result to the Company if the Consultant breaches the Consultant’s
obligations under Section 6.0 or Section 7.0. The Consultant acknowledges that such a breach may not properly be
compensated by an award of damages. Accordingly, the remedy for any such breach may include, in addition to other available remedies
and damages, injunctive relief or other equitable relief enjoining such breach at the earliest possible date, and the Company will
be entitled to seek injunctive relief restraining the Consultant from breaching any of the provisions of Sections 6.0
and 7.0.

 

6.5             The
Consultant agrees to make full disclosure to the Company of each Work Product promptly after its creation. The Consultant hereby
assigns and transfers, and agrees to assign and transfer as they arise, to the Company, and agrees that the Company will be the
exclusive owner of, any and all rights, title and interests that the Consultant may have in and to each Work Product (including
for more clarity those Work Product created prior to the Effective Date in connection with the Business) throughout the 

 

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world,
including all trade secrets, patent rights, copyrights and all other intellectual property rights therein. The Consultant further
agrees to cooperate fully at all times during and subsequent to the Term with respect to signing further documents and doing such
acts and other things reasonably requested by the Company, at the Company’s expense, to confirm such transfer of ownership
of rights, including intellectual property rights, effective at or after the time the Work Product is created and to enable the
Company to apply for, obtain, and enforce patents or copyrights or other rights or protections relating to the Work Product in
any and all countries. The Consultant agrees that the obligations in this Section 6.5 will continue beyond the termination
of this Agreement with respect to any and all Work Product made, conceived, created, invented, developed, acquired or reduced to
practice prior to or during the Term. For purposes of the copyright laws of the United States of America, to the extent, if any,
that such laws are applicable to any Work Product, the Work Product will be considered a work made for hire and the Company will
be considered the author thereof. Should the Consultant for any reason fail to provide the Company with the assistance required
by this Section 6.5, then the Consultant hereby irrevocably designates the CEO as the agent and attorney-in-fact of the Consultant
to execute and file any such documents and to do all lawful acts necessary to apply for and obtain patents, copyrights and other
protections, and to enforce the Company’s rights under this Section 6.5. The Consultant will not receive any further
consideration in respect of post-termination assistance provided to the Company, provided that the expense of obtaining or enforcing
intellectual property protection, including the reasonable expenses of the Consultant, will be borne by Company. Notwithstanding
anything contrary in the foregoing, the parties acknowledge that the provisions of this Section 6.5 are subject to the Consultant’s
obligations set forth in Sections 2.5 and 2.6 of this Agreement and the terms of the License Agreement. For the avoidance of doubt,
the obligations under this subsection 6.5 do not apply to Excluded Work Product.

 

6.6             The
Consultant agrees that the Company, its assignees and their respective licensees are not required to designate the Consultant as
the author of any Work Product. The Consultant hereby waives in whole all moral rights that the Consultant may have in any Work
Product, including the right to the integrity of the Work Product, the right to be associated with the Work Product, the right
to restrain or claim damages for any distortion, mutilation or other modification of the Work Product, and the right to restrain
use or reproduction of the Work Product in any context and in connection with any product, service, cause or institution.

 

7.0             RESTRICTIONS

 

7.1             The
Consultant agrees that, at all times during this Agreement and for a period of 3 months after the termination of this Agreement
if this Agreement is terminated by the Company pursuant to Section 8.1(a) hereto, or is terminated by the Consultant pursuant
to Section 8.2 hereto, he will not:

 

7.1.1             either
individually or in conjunction with any person, as principal, agent, director, officer, employee, investor or in any other manner
whatsoever, directly or indirectly, engage in or

 

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become financially
interested in a competitive Business anywhere in North America, the United Kingdom, the European Union and/or Japan without the
prior written consent of the Company; provided that the foregoing will not prevent the Consultant from holding any class of shares
of a public company, partnership or other organization, provided that the Consultant, alone or in conjunction with any other person,
will not directly or indirectly hold more than 10% of the shares of any such company; for greater certainty, UBC is not considered
to be a competitive Business for the purposes of this Subsection.

 

7.2             The
Consultant agrees that, at all times during this Agreement and for a period of 12 months after the expiry or termination of
this Agreement in accordance with the terms hereof (regardless of which Party terminates this Agreement and regardless of the reason
for such termination, if any), he will not:

 

7.2.1             either
directly or indirectly, on the Consultant’s own behalf or on behalf of others, solicit, divert or hire away, or attempt to
solicit, divert, or hire away, any person employed by the Company or persuade or attempt to persuade any such individual to terminate
his or her employment with the Company; provided, however, this provision shall not apply where a person has responded to an advertisement
of general notice for employment; and

 

7.2.2             directly
or indirectly impair or seek to impair any relationships that the Company has with its employees, consultants, customers, suppliers,
licensors, sublicensees, distributors, agents or other parties with which the Company does business or has contractual relations.

 

8.0            TERMINATION

 

8.1            The
Company may terminate this Agreement, by giving notice thereof to the Consultant:

 

		a.	if the Consultant is, at any time during the Term, convicted of an indictable offence which:

 

		i.	involves fraud or dishonesty; or

 

		ii.	affects the Consultant's ability to provide the Services;

 

		b.	if the Consultant fails
to make himself available to perform Services in accordance with Section 2.1 (other than by reason of death, disability,
illness or vacation, or due to the provisions of Sections 2.5 or 2.6) for a period of not less than two consecutive months
and if such failure continues thereafter for a period of not less than 30 days after the Company gives notice to the Consultant
advising of the Consultant’s failure to perform Services for such two month period and requesting the Consultant to perform
Services within the 30-day period following such notice;

 

or

 

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		c.	any other fundamental breach of this Agreement including, without limitation, Section 7.1.1 hereto.

 

8.2             The
Consultant may, at any time, give 120 calendar days advance written notice to the Company of the Consultant’s
intention to terminate this Agreement and on the expiration of such period this Agreement will be terminated. Such notice period
may be adjusted upon mutual agreement and may expire on any day of the month and the Consultant’s Fee payable hereunder will
be proportioned to the date of such termination.

 

8.3             This
Agreement will terminate forthwith on the death or Disability of the Consultant.

 

8.4             Other
than the payment of the Consultant’s Fee, the reimbursement of reasonable expenses as provided for in Section 5.0,
the payment of awarded Bonuses, and the vesting of options described in Section 5.10, there will be no fees or other payments of
any kind payable to the Consultant upon the termination of this Agreement. For greater certainty, the options described in Section
5.10 may continue to be exercisable following the termination of this Agreement, in accordance with the terms of the certificate
representing such options and the Stock Option Plan.

 

8.5             Upon
termination of this Agreement, the Consultant will return to the Company all property of the Company which is then in the Consultant’s
possession or under his control, including all written information, tapes, discs, memory devices or other material in any medium
pertaining to the Services and all Company Confidential Information, without retaining copies or records of any Company Confidential
Information whatsoever.

 

9.0             GENERAL

 

9.1             No
failure by either Party to exercise any right or remedy in respect of this Agreement will operate as a waiver thereof, unless
it is in writing and signed by such Party. Unless expressly provided for therein, such waiver will not limit or affect the rights
of either Party with respect to any other or subsequent breach of the same or any other provision.

 

9.2             Any
notice or direction required or permitted to be given under this Agreement shall be in writing and may be given by mailing
the same by registered or certified mail or delivering the same addressed to the Party at the address first above written, or to
such other address as a Party may specify by notice to the other and shall be deemed to have been given, if delivered, on the date
of delivery if it is a business day, and otherwise on the next succeeding business day and, if mailed, on the fifth business day
following the posting of the notice except if there is a postal dispute, in which case all communications shall be delivered.

 

9.3             This
Agreement will not be construed as creating a partnership, joint venture or agency relationship between the Parties or any other
form of legal association that would impose liability upon one Party for any act or failure to act by the other Party.

 

    	 	13	 

     

    

  

9.4             This
Agreement states and comprises the entire agreement between the Parties in connection with the subject matter hereof and cancels
and supersedes all previous correspondence, negotiations, promises, agreements, covenants, conditions, representations and
warranties with respect to the subject matter herein. There are no representations, warranties, terms, conditions, undertakings
or collateral agreements express or implied between the Parties other than expressly set forth in this Agreement.

 

9.5             The
Parties agree that this Agreement is personal in nature and may not be assigned or otherwise transferred by either of the
Parties, nor may any right or obligation hereunder be assigned or transferred directly or indirectly by either of the Parties,
whether voluntarily, by operation of law or otherwise, without the written consent of the other Party.

 

9.6             This
Agreement shall be governed and construed in accordance with the laws of the Province of British Columbia and federal laws of Canada
applicable therein. The Parties hereby attorn to the exclusive jurisdiction of the Courts of the Province of British Columbia.

 

9.7             No
alteration or amendment of this Agreement shall take effect unless the same is in writing duly executed by the Parties.

 

9.8             If
any one or more of the provisions contained in this Agreement shall be determined to be invalid, illegal or unenforceable, the
remaining provisions contained herein shall not in any way be affected or impaired thereby.

 

9.9             The
Consultant acknowledges and agrees that he has had the opportunity to seek independent legal advice in relation to the nature,
contents, terms and effect of this Agreement and the Consultant voluntarily accepted the consideration provided by the Company
for the purpose of entering into this Agreement.

 

9.10            This
Agreement shall enure to the benefit of and be binding upon the Parties and their respective heirs, executors, administrators,
successors and permitted assigns.

 

9.11            This
Agreement may be executed in counterparts, and such original executed counterparts together shall constitute one agreement.

 

IN WITNESS WHEREOF this
Agreement has been executed by the Parties as of the date and year first above written.

 

    	 	14	 

     

    

  

	SIGNED, SEALED AND DELIVERED in the presence of:	 	 	 
	 	 	 	 
	(SIGNED) “Kathy Scott”	 	 	 
	Signature	 	 	 
	 	 	 	 
	2020-2207 Main Mall	 	 	 
	Address	 	 	 
	 	 	 	 
	Finance Manager	 	 	(SIGNED) “Raymond Andersen”
	Occupation	 	 	RAYMOND ANDERSEN, Consultant

 

	ESSA PHARMA INC.	 
	 	 	 
	Per:	(SIGNED) “David R. Parkinson”	 
	 	David R. Parkinson, CEO	 

  

    	 	15	 

     

    

 

Appendix
A

 

SERVICES
to be Performed by the consultant

 

The Services to be performed
by the Consultant under the Consulting Agreement to which this Appendix A is attached shall consist of the following:

 

		1.	Participating in the development of Work Product for
the Company

 

		2.	Participating in the assessment and review of business and scientific matters, including participation
in any Scientific or Medical Advisory Board as the Company may constitute, and as the Company may request

 

		3.	Assisting in the development of scientific and business strategies and presentations for the Company

 

		4.	Assisting the Company in preparing regulatory submissions relating to the Product

 

		5.	Assisting the Company with respect to patent protection

 

		6.	Reviewing scientific literature relating to the Product

 

    	 	A-1	 

     

    

 

Appendix
B

 

OBJECTIVES
and bonus payments applicable through this agreement

 

The
annual bonus may represent up to 25% of the amount of this Agreement, the actual amount to be determined by the Compensation
Committee in consideration of the contributions of the Consultant and commensurate with the financial status of the Company.

 

For
Calendar 2018, the amount of the bonus will be decided on the basis of contributions to the business objectives and strategic
objectives of the company, specifically Consultant’s contribution toward enabling the Company to achieve its annual goals
as established by the Compensation Committee and approved by the Board of Directors. Consistent with the Consultant’s scientific
and other contributions, considerations will include assessment of the services performed by the Consultant as outlined in Appendix
A. These services will serve the following major initiatives:

 

		1.	Support towards identifying, characterizing, and advancing the next generation compounds to IND
filing, including the activities outlined in Appendix A

 

		2.	Support towards strengthening ESSA external interactions and messaging through preclinical collaborations,
relevant publications, interactions with investors and potential industrial partners

 

    	 	B-1Exhibit 4.12

 

OYSTER
POINT MARINA PLAZA

 

Office Lease

 

of

 

SUITE 520

 

to

 

ESSA PHARMACEUTICALS CORP.,

 

a Texas corporation

 

400 Oyster Point Boulevard

 

South San Francisco,
CA 94080

 

    	 	 	 

     

    

  

OYSTER POINT MARINA PLAZA

 

Office Lease

 

THIS OFFICE LEASE (the “Lease”) is entered into as of March 5, 2018, by and between KASHIWA
FUDOSAN AMERICA, INC., a California corporation (“Landlord”) and ESSA PHARMACEUTICALS CORP., a Texas corporation
(“Tenant”).

 

1       BASIC
LEASE TERMS

 

1.1          Lease
of Premises. Landlord leases to Tenant, and Tenant rents and hires from Landlord, the premises described in § 1.3
below, in the building known by the street address 400 Oyster Point Boulevard (the “Building”) in the City of South
San Francisco, County of San Mateo, State of California, on the property described in § 1.6 below, in the business park commonly
known as Oyster Point Marina Plaza (the “Complex”), for the term stated in § 1.4 below, for the rents hereinafter
reserved, and upon and subject to the terms, conditions (including limitations, restrictions, and reservations), and covenants
hereinafter provided. The Building and the Complex are more particularly described and depicted in Exhibit A which
is attached hereto. Each party hereby expressly covenants and agrees to observe and perform all of the conditions and covenants
herein contained on its part to be observed and performed.

 

1.2          Summary
Table. The parties agree that the following table (the “Table”) sets forth in summary form the basic terms
of this Lease, including the specific space comprising the Premises and, with respect to such space, the Term of the Lease, the
usable and rentable square footage, the Base Rent, Base Year, and Tenant’s Share, as all of such terms are defined below:

 

	Period	 	Suite

    No.	 	RSF	 	USF	 	Monthly

    Base Rent	 	 	T’s
    Share
 Bldg	 	 	T’s
    Share
 Complex	 	 	Base

    Year	 
	Commencement Date through Month 12	 	520	 	3,021	 	2,537	 	$	9,516.15	 	 	 	1.294	%	 	 	0.646	%	 	 	2018	 
	Month 13 through Month 24	 	520	 	3,021	 	2,537	 	$	9,801.63	 	 	 	1.294	%	 	 	0.646	%	 	 	2018	 
	Month 25 through Month 36	 	520	 	3,021	 	2,537	 	$	10,095.68	 	 	 	1.294	%	 	 	0.646	%	 	 	2018	 

 

In the event of any conflict between the terms
contained in the Table and the terms contained in subsequent sections of the Lease, the terms of the Table shall control, except
that any dates stated in the Table are subject to adjustment as appropriate to the extent any other provisions of the Lease provide
for adjustments to the Commencement Date and/or the Expiration Date.

 

1.3          Premises.
The premises leased to Tenant comprise approximately 3,021 rentable square feet of space on the fifth (5th) floor of the Building
and are commonly known as Suite 520 (the “Premises”), as shown on the floor plan annexed hereto as Exhibit
B (the “Space Plan”). The Premises also include all fixtures and equipment which are attached thereto, except
items not deemed to be included therein and which are removable by Tenant as provided in Article 10 below. Landlord and Tenant
agree that the usable and rentable area of the Premises, and the respective rentable areas of the Property (as defined in

§ 1.6 below) and Complex, for all purposes
under this Lease, are as follows and as specified in the Table:

 

	Property’s Rentable Area:	233,446 rsf
	Complex’s Rentable Area:	467,360 rsf.

 

    	 	Oyster Point Marina Plaza Office Lease
Kashiwa Fudosan America, Inc. :: ESSA Pharmaceuticals Corp.

	 
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Tenant acknowledges that it has caused its
architect to verify the numbers stated in the Table and herein relating to the measurements of such spaces prior to the Commencement
Date of this Lease or has had an opportunity to do so.

 

1.4          Term;
Target Date. The term (the “Term”) for which the Premises are hereby leased shall extend for a period of
three (3) years, shall commence on the date on which Landlord delivers the fully-executed Lease to Tenant (the “Commencement
Date”), and shall end at noon on the last day of the calendar year in which occurs the day preceding the third (3rd) anniversary
of the Commencement Date (the “Expiration Date”) or any earlier date upon which the Term may expire or be cancelled
or terminated pursuant to any of the conditions or covenants of this Lease or pursuant to law. The parties anticipate that the
Premises will be ready for Tenant’s occupancy on or before April 1, 2018 (the “Target Date”) and that, if the
Target Date holds as the Commencement Date of the Lease, the Expiration Date will be March 31, 2021. Promptly following the Commencement
Date the parties hereto shall, if required by Landlord, enter into a supplementary agreement fixing the dates of the Commencement
Date and the Expiration Date in the form which is attached hereto as Exhibit E and incorporated herein by reference.

 

1.4.1      Early Termination Right.
Notwithstanding anything to the contrary in this Lease, Tenant shall have the right in its sole and absolute discretion to
terminate this Lease effective at noon on the last day of the twenty-fourth (24th) month of the Term (the ”Early Termination
Date”) upon prior written notice given to Landlord not earlier than nine (9) months before the Early Termination Date, and
not later than six (6) months before the Early Termination Date (the “Termination Notice”). If Tenant elects to give
Landlord such a Termination Notice, the Lease shall terminate on the Early Termination Date with the same effect as if the Term
of the Lease had expired on the Early Termination Date, and Tenant agrees to observe all the terms of the Lease regarding vacation
and condition of the Premises upon expiration of the Term in any such case. In consideration of the termination right granted to
Tenant hereunder, Tenant agrees to pay to Landlord on the date Tenant delivers its Termination Notice a termination fee equal to
Twenty-Six Thousand Five Hundred Dollars ($26,500.00). Tenant’s payment of the Termination Fee when and as required under
this § 1.4.1 is an express condition precedent to Tenant’s effective exercise of its termination option hereunder; and
if Tenant fails to exercise its termination option when and as provided hereunder, including timely payment of the Termination
Fee, Tenant’s exercise of its termination option shall be void and of no effect, and the Lease shall remain in effect as
if Tenant had not attempted the exercise of its termination option. Time is of the essence of this § 1.4.1.

 

1.5          Rent.
The “Rent” reserved under this Lease, for the Term thereof, shall consist of the following:

 

		(a)	“Base Rent” as set forth in the Table
for the various spaces and periods described therein per month, which shall be payable in advance on the first day of each and
every calendar month during the Term of this Lease, except that Tenant shall pay the first month’s Base Rent due under the
Lease upon the execution and delivery of this Lease by Tenant; and

 

		(b)	“Additional Rent” consisting of any and all
other sums of money as shall become payable by Tenant to Landlord hereunder; and Landlord shall have the same remedies for default
in the payment of Additional Rent as for a default in payment of Base Rent).

 

1.5.1      Payment
of Rent. Tenant shall pay the Base Rent and Additional Rent promptly when due, without demand therefor and without any abatement,
deduction, or setoff whatsoever, except as may be expressly provided in this Lease. Tenant shall pay the Rent to Landlord, in lawful
money of the United States of America, at Landlord’s office at the Complex or at such other place, or to such agent and at
such place, as Landlord may designate by notice to Tenant. If the Commencement Date occurs on a day other than the first day of
a calendar month, the Base Rent for such calendar month

 

    	 	Oyster Point Marina Plaza Office Lease
Kashiwa Fudosan America, Inc. :: ESSA Pharmaceuticals Corp.

	 
	 	Page 2 of 52	 
	 	 	[Suite 520 (400 OPB); 3,021 rsf]

     

    

 

shall be prorated based on a 30-day
month, and the balance of the first month’s Base Rent theretofore paid shall be credited against the next monthly installment
of Base Rent. Notwithstanding anything to the contrary in this Lease, Tenant shall pay the first month’s Base Rent due hereunder,
together with the Security Deposit due under § 5.1 below, upon Tenant’s execution and delivery of this Lease to Landlord.

 

1.5.2      Interest and Late Charges.
If Tenant fails to pay any Rent when due, the unpaid amounts shall bear interest from the due date until paid at a rate per
annum equal to the Prime Rate plus five percent (5%) or, if less, at the highest rate of interest permitted by applicable law.
As used herein, “Prime Rate” means the prime rate published in the Money Rates section of the Wall Street Journal
(Western edition) as the same may change from time to time or in a similar publication if the Wall Street Journal ceases
publication or ceases publication of its Money Rates section during the Term. Tenant acknowledges that the late payment of any
monthly Rent will cause Landlord to lose the use of that money and incur costs and expenses not contemplated under this Lease,
including administrative and collection costs and processing and account expenses, the exact amount of which it is difficult to
ascertain. Therefore, in addition to interest, if any such installment is not received by Landlord within five (5) days from the
date it is due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of such installment. Landlord and Tenant agree
that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the
loss suffered from such nonpayment by Tenant. In addition, any check returned by the bank for any reason will be considered late
and will be subject to all late charges plus an additional returned check fee of Twenty Dollars ($20.00). After two such occasions
upon which checks have been returned in any twelve-month period, Landlord will have the right to require payment by a cashier’s
check or money order. Acceptance of any interest or late charge shall not constitute a waiver of Tenant’s default with respect
to such nonpayment by Tenant nor prevent Landlord from exercising any other rights or remedies available to Landlord under this
Lease or at law or in equity, unless the payment of such interest and late charges is accompanied by all rentals then due and owning
(notwithstanding anything to the contrary in § 20.2.1 below).

 

1.6          Property.
For the purposes of this Lease, the “Property” shall mean the Building and any common or public areas or facilities,
easements, corridors, lobbies, sidewalks, loading areas, driveways, landscaped areas, skywalk, parking garages and lots, and any
and all other structures or facilities operated or maintained in connection with or for the benefit of the Building, and all parcels
or tracts of land on which all or any portion of the Building or any of the other foregoing items are located, and any fixtures,
machinery, equipment, apparatus, Systems and Equipment (as defined in § 1.6.5 below), furniture and other personal property
located thereon or therein and used in connection therewith, whether title is held by Landlord or its affiliates. The Property
shall also be deemed to include such other of the Complex’s buildings or structures (and related facilities and parcels on
which the same are located) as Landlord shall have incorporated by reference to the total square footage of the Building stated
in § 1.3 above.

 

1.6.1      Common Areas. Tenant
and its agents, employees, and invitees shall have the non-exclusive right with others designated by Landlord to the free use of
the common areas in the Property and the Complex for the common areas’ intended and normal purpose. The term common areas
shall mean elevators, sidewalks, parking areas, driveways, hallways, stairways, public restrooms, common entrances, lobbies,
and other similar public areas and access ways.

 

1.6.2      Athletic Facility. Notwithstanding
the foregoing, the common areas do not include the Building’s athletic facility (the “Athletic Facility”), which
is an unsupervised and unattended weight and exercise room and shower facility. Tenant acknowledges that Landlord presently makes
available (but is not obligated under this Lease to make available) the Athletic Facility for the general use of all tenants and
their officers and employees, subject to such rules and regulations as Landlord

 

    	 	Oyster Point Marina Plaza Office Lease
Kashiwa Fudosan America, Inc. :: ESSA Pharmaceuticals Corp.

	 
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may impose from time to time in
its sole and absolute discretion regarding the use thereof. Tenant shall cause each of its officers and employees using the Athletic
Facility to sign and deliver to Landlord an “Athletic Facility Use Agreement” in the form attached hereto as Exhibit
D, as such form may be revised by Landlord from time to time in its sole and absolute discretion. Tenant understands and
agrees that no individual shall be permitted use of or access to the Athletic Facility unless and until such individual shall have
first signed and delivered the Athletic Facility Use Agreement to Landlord. Landlord shall have the right to limit the use of the
Athletic Facility in any manner it may deem necessary, or to discontinue the Athletic Facility altogether, at any time, in its
sole and absolute discretion, and neither Tenant nor its officers or employees shall be entitled to any compensation, credit, allowance,
or offset of expenses or Rent as a result of any such limitation or discontinuance.

 

1.6.3      Reservation to Landlord.
Notwithstanding anything to the contrary herein, possession of areas necessary for utilities, services, safety, and operation
of the Property, including the Systems and Equipment, telephone closets (whether located in the common areas or in the Premises),
fire exits and stairways, perimeter walls, space between the finished ceiling of the Premises and the slab of the floor or roof
of the Property thereabove, and the use thereof, together with the right to install, maintain, operate, repair, and replace any
part of the Systems and Equipment in, through, under, or above the Premises in locations that will not materially interfere with
Tenant’s use of the Premises, are hereby excepted from both the Premises and the common areas and are reserved by Landlord
and not demised to Tenant. Tenant’s access to the telephone closets on each floor and the Building’s main telephone
room shall be subject to the Rules (as defined in § 13.1 below) and shall be permitted only with Landlord’s written
consent and under the supervision of Landlord’s Building Engineer on each occasion that such access is sought.

 

1.6.4      Changes and Alterations
of the Property. Landlord reserves the right to make repairs, alterations, additions, or improvements, structural or otherwise,
in or to the Property or Complex as deemed necessary or desirable in Landlord’s sole and absolute discretion, so long as
such repairs or alterations do not materially and unreasonably interfere with Tenant’s access to or beneficial use of the
Premises for their intended purposes. Landlord reserves the right hereunder to do the following: (i) install, use, maintain, repair,
and replace pipes, ducts, conduits, wires, and appurtenant meters and equipment for service to the various parts of the Property
above the ceiling surfaces, below the floor surfaces, within the walls, and in the central core areas; (ii) to relocate any pipes,
ducts, conduits, wires, and appurtenant meters and equipment which are located in the Premises or located elsewhere outside the
Premises; (iii) expand the Building or the Complex; (iv) make changes to the Property or the Complex, including changes, expansions,
and reductions in the location, size, shape, and number of driveways, entrances, loading and unloading areas, ingress, egress,
direction of traffic, landscaped areas, walkways, parking spaces, and parking areas; (v) close any of the common areas, so long
as reasonable access to the Premises remains available; (vi) use the common areas while engaged in making additional improvements,
repairs, or alterations to the Property, Complex, or any portion thereof; and (vii) do and perform such other acts and make such
other changes in, to, or with respect to the Property, Complex, common areas, and Building as Landlord may deem appropriate. The
exercise of any of the foregoing rights shall not subject Landlord to claims for constructive eviction, abatement of Rent, damages,
or other claims of any kind, except as otherwise expressly provided in this Lease. If Landlord enters the Premises to exercise
any of the foregoing rights, Landlord shall provide reasonable advance written or oral notice to Tenant’s on-site manager.

 

1.6.5      Systems and Equipment.
As used in this Lease, “Systems and Equipment” means collectively any existing plant, machinery, transformers,
duct work, intrabuilding network cables and wires that transmit voice, data, and other telecommunications signals (“INC”),
and other equipment, facilities, and systems designed to supply water, heat, ventilation, air conditioning and humidity or any
other

 

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Kashiwa Fudosan America, Inc. :: ESSA Pharmaceuticals Corp.

	 
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services or utilities, or comprising
or serving as any component or portion of the electrical, gas, steam, plumbing, sprinkler, communications, alarm, security, or
fire/life/safety systems or equipment, or any other mechanical, electrical, electronic, computer or other systems or equipment
for the Property.

 

2       USE

 

2.1          Use
and Enjoyment of Premises. Tenant shall use and occupy the Premises for executive and general offices and for no other
purpose. Notwithstanding anything contained herein to the contrary, Tenant may use portions of the Premises not to exceed one hundred
fifty (150) usable square feet for the preparation and reheating of food and beverages, including the use of refrigerators, ice
makers, coffee machines, hot plates, microwave ovens, or similar heating devices (but not for the actual cooking of food) for service
only to Tenant’s employees and business invitees.

 

2.1.1      Suitability. Tenant
acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the Premises,
the Property, or the Complex, or with respect to the suitability of same for the conduct of Tenant’s business, except as
expressly provided in this Lease. Tenant’s acceptance of possession of the Premises shall conclusively establish that the
foregoing were at such time in satisfactory condition. Landlord makes no representation to Tenant regarding the installation, ownership,
location, or suitability for Tenant’s purposes of the INC in the Building.

 

2.1.2      Insurance Rates. Tenant
shall not do or suffer anything to be done in or about the Premises, nor shall Tenant bring or allow anything to be brought into
the Premises, which will in any way increase the rate of any fire insurance or other insurance upon the Property or its contents,
cause a cancellation of said insurance, or otherwise affect said insurance in any manner.

 

2.1.3      Use to Comply with Laws.
Tenant shall use the Premises in conformity with all applicable Laws, as specified in Article 6 below.

 

2.1.4      Floor Loading. Tenant
shall not place or permit to be placed on any floor a load exceeding eighty (80) pounds per square foot or such lower floor load
as such floor was designed to carry.

 

2.2          Nuisance
and Waste. Tenant also shall not do or suffer anything to be done in or about the Premises which will in any way obstruct
or interfere with the rights of other tenants or occupants of the Property or injure or annoy said tenants or occupants, nor shall
Tenant use or suffer the Premises to be used for any unlawful purposes. In no event shall Tenant cause or permit any nuisance in
or about the Premises, and no loudspeakers or similar devices shall be used without the prior written approval of Landlord, which
approval may be withheld in Landlord’s sole and absolute discretion. Tenant shall not commit or suffer to be committed any
waste in or upon the Premises. The provisions of this section are for the benefit of Landlord only and shall not be construed to
be for the benefit of any tenant or occupant of the Building. If any governmental license or permit, other than a Certificate of
Occupancy, shall be required for the proper and lawful conduct of Tenant’s business in the Premises, or any part thereof,
and if failure to secure such license or permit would in any way affect Landlord, Tenant, at its sole expense, shall procure and
thereafter maintain such license or permit and submit the same for inspection by Landlord. Tenant shall at all times comply with
the terms and conditions of each such license or permit.

 

2.3          Compliance
with Certificate of Occupancy Tenant shall not at any time use or occupy the Premises, or suffer or permit anyone to
use or occupy, the Premises, or do or permit anything to be done in the Premises, in violation of the Certificate of Occupancy
for the Premises or for the Building.

 

    	 	Oyster Point Marina Plaza Office Lease
Kashiwa Fudosan America, Inc. :: ESSA Pharmaceuticals Corp.

	 
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3       PREPARATION
OF THE PREMISES

 

3.1          Condition
of Premises. Except as otherwise expressly provided in § 3.2 below, Tenant shall accept the Premises, any existing
Improvements in the Premises (as defined in § 10.1 below), and the Systems and Equipment serving the same in an “as
is” condition on the date the Term commences, and Landlord shall have no obligation to improve, alter, remodel, or otherwise
modify the Premises prior to Tenant’s occupancy or thereafter under this Lease.

 

3.2          Landlord’s
Preparation. Landlord shall use reasonable diligence in completing and preparing the Premises for Tenant’s occupancy
in the manner and subject to the terms, conditions, and covenants set forth in this Article 3 on or before the Target Date specified
in § 1.4 above.

 

3.2.1      Effect of Delay. If
the Occupancy Conditions specified in § 3.2.3 below are not met by the Target Date specified in § 1.4 above, the Commencement
Date shall be delayed by one day for each day that the date on which the Occupancy Conditions are met extends beyond the Target
Date specified in § 1.4 above; and in any such case, Tenant shall not have the right to terminate the Lease, but Tenant’s
obligation to pay Rent shall be delayed until the occurrence of the Commencement Date.

 

3.2.2      Landlord’s Work.
The facilities, materials, and work to be furnished, installed, and performed in the Premises by Landlord hereunder at Landlord’s
sole cost and expense are referred to as the “Work.” Any other installations, materials, and work which may be undertaken
by or for the account of Tenant to prepare, equip, decorate, and furnish the Premises for Tenant’s occupancy are referred
to as the “Tenant’s Work,” which shall be undertaken or installed by Tenant at Tenant’s sole cost and expense
and which shall include the installation of Tenant’s furniture, fixtures, office systems, and Tenant’s data and telecommunications
cables and wiring. The parties agree that Landlord’s Work shall comprise the following elements and the following elements
only, which Landlord shall undertake, perform, and install at Landlord’s sole cost and expense on a turnkey basis, as shown
on the Space Plan:

 

		(a)	application of new Building-standard paint in a color
of Tenant’s choice on one (1) accent wall to be selected by Tenant the Premises; and

 

		(b)	delivery of the Premises with all Systems and Equipment
serving the same in good working order and condition.

 

3.2.3      Construction Management
Services. Notwithstanding anything to the contrary in this Lease, at the completion of Landlord’s Work, Tenant shall
pay to Landlord promptly upon receipt of invoice a construction management fee in the amount of five percent (5%) of the total
cost of Landlord’s Work (the “CM Fee”) to cover the cost of Landlord’s personnel providing construction
management services in connection with Landlord’s Work in the Premises.

 

3.2.4      Readiness for Occupancy.
The Premises shall be deemed ready for occupancy on the earliest date on which all of the following conditions (the “Occupancy
Conditions”) have first been met:

 

		(a)	Substantial Completion of Work. The Work has been
substantially completed as determined by Landlord its reasonable discretion and, if applicable, Landlord’s architect has
issued a certificate of substantial completion; and it shall be so deemed notwithstanding the fact that minor or insubstantial
details of construction, mechanical adjustment, or decoration remain to be performed, the noncompletion of which does not materially
interfere with Tenant’s beneficial use of the Premises for their intended purposes;

 

		(b)	Access and Services. Reasonable means of access
and facilities necessary to Tenant’s use and occupancy of the Premises, including corridors, elevators, stairways, heating,

 

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Kashiwa Fudosan America, Inc. :: ESSA Pharmaceuticals Corp.

	 
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ventilating, air-conditioning, sanitary,
water, and electrical facilities (but exclusive of parking facilities) have been installed and are in reasonably good operating
order and available to Tenant;

 

		(c)	Required Governmental Approval. If a building permit
for the Work is required, a final inspection card or similar governmental approval (temporary or final) has been issued by the
City of South San Francisco permitting use of the Premises for office purposes; and

 

		(d)	Compliance with Laws. The Premises shall be delivered
in conformity with all applicable Laws, except to the extent that the need for such conformity is not triggered by Tenant’s
specific use of the Premises or voluntary alterations.

 

3.2.5      Tenant Delays. If the
occurrence of any of the Occupancy Conditions and Landlord’s preparation of the Premises for occupancy shall be delayed owing
to either (a) any act, omission, or failure of Tenant or any of its employees, agents, or contractors which shall continue after
Landlord shall have given Tenant reasonable notice that such act, omission, or failure would result in delay, and such delay shall
have been unavoidable by Landlord in the exercise of reasonable diligence and prudence; or (b) the nature of any items of additional
work or change orders that Landlord undertakes to perform for the account of Tenant (including any delays incurred by Landlord,
after making reasonable efforts, in procuring any materials, equipment, or fixtures of a kind or nature not used by Landlord as
part of its standard construction) (collectively “Tenant Delays”), then the Premises shall be deemed ready for occupancy
on the date when they would have been ready but for such Tenant Delays.

 

3.3          Early
Entry. During any period that Tenant shall be permitted to enter the Premises prior to the Commencement Date other than
to occupy the same (e.g., to perform alterations or improvements), Tenant shall comply with all terms and provisions of
this Lease, except those provisions requiring the payment of Rent. If Tenant shall be permitted to enter the Premises prior to
the Commencement Date for the purpose of occupying the same, Rent shall commence on such date at the rate specified in the Table
for the first period during which Rent is payable after the Commencement Date; and if Tenant shall commence occupying only a portion
of the Premises prior to the Commencement Date, Rent shall be prorated based on the number of rentable square feet occupied by
Tenant. Landlord shall permit early entry, provided the Premises are legally available and Landlord has completed any Work required
under this Lease. In no event shall Tenant’s early entry extend or shorten the Term of the Lease set forth in § 1.2
above. Notwithstanding anything to the contrary herein, Tenant shall have the right enter the Premises free from the obligation
to pay Rent for the period commencing two (2) weeks prior to the Commencement Date for the limited purposes installing Tenant’s
furniture and fixtures and telephone and data equipment, lines, and cabling, provided that Tenant’s does not interfere with
Landlord’s completion of the Work and that Tenant has delivered to Landlord the insurance certificates and the Security Deposit
required hereunder.

 

3.4          Final
Completion. Substantial completion shall not prejudice Tenant’s rights to require full completion of any remaining
items of Work; however, if Landlord notifies Tenant in writing that the Work is fully completed, and Tenant fails to object thereto
in writing within fifteen (15) days thereafter specifying in reasonable detail the items of work needed to be completed and the
nature of work needed to complete said items, Tenant shall be deemed conclusively to have accepted the Work as fully completed
(or such portions thereof as to which Tenant has not so objected).

 

3.5          Notice
of Defects. It shall be conclusively presumed upon Tenant’s taking actual possession of the Premises that the
same were in satisfactory condition (except for latent defects) as of the date of such taking of possession, unless within thirty
(30) days after the Commencement Date Tenant shall give

 

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Landlord notice in writing specifying the respects
in which the Premises were not in satisfactory condition.

 

4       ADJUSTMENTS
OF RENT

 

4.1          Taxes
and Operating Expenses. In addition to the Base Rent and all other payments due under this Lease, Tenant shall pay to
Landlord, in the manner set forth in this Article 4, as Additional Rent, the following amounts:

 

		(a)	Increased Operating Expenses. An amount equal to
Tenant’s Pro Rata Share of that portion of Operating Expenses paid by Landlord during each Adjustment Period which exceeds
the amount of Base Operating Expenses (as all of such terms are defined in § 4.2 below); and

 

		(b)	Increased Taxes. An amount equal to Tenant’s
Pro Rata Share of that portion of Real Estate Taxes paid by Landlord during each Adjustment Period which exceeds the amount of
Base Real Estate Taxes (as all of such terms are defined in § 4.2 below).

 

Tenant’s Pro Rata Share of (i) such increase
in Operating Expenses over the Base Operating Expenses and (ii) such increase in Real Estate Taxes over the Base Real Estate Taxes
is sometimes referred to collectively herein as the “Rental Adjustment.”

 

4.2          Definitions.
For the purposes of this Lease, the following definitions shall apply:

 

		(a)	Base Operating Expenses. “Base Operating
Expenses” means the total of Operating Expenses paid by Landlord during calendar year 2018 (the “Base Expense
Year”), as adjusted under § 4.5 below.

 

		(b)	Base Real Estate Taxes. “Base Real
Estate Taxes” means the total of Real Estate Taxes paid by Landlord during calendar year 2018 (the “Base Tax
Year”).

 

		(c)	Tenant’s Pro Rata Share. “Tenant’s
Pro Rata Share” as to the Building is the percentage labeled as such in the Table in § 1.2 and is calculated by dividing
the agreed rentable area of the Premises (numerator) by the agreed rentable area of the Property (denominator) and expressing
the resulting quotient as a percentage. “Tenant’s Pro Rata Share” as to the Complex is the percentage labeled
as such in the Table in § 1.2 as is calculated by dividing the agreed rentable area of the Premises (numerator) by the agreed
rentable area of the Complex (denominator) and expressing the resulting quotient as a percentage. Tenant’s Pro Rata Share
shall be increased during the Term in proportion to any increase in the area of the Premises in accordance with the formula stated
herein.

 

		(d)	Adjustment Period. “Adjustment Period”
as to Operating Expenses and Real Estate Taxes means each calendar year of which any portion occurs during the Term, excluding
the Base Year and beginning with the first calendar year immediately following the Base Year.

 

		(e)	Real Estate Taxes. “Real Estate Taxes”
means all of the following charges, whether or not now customary or in the contemplation of the parties hereto, and whether or
not general, special, ordinary, or extraordinary, which Landlord shall pay during any Adjustment Period because of or in connection
with the ownership, leasing, or operation of the Property:

 

		(1)	ad valorem real property taxes;

 

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		(2)	any form of assessment, license fee, license tax, business
license fee, commercial rental tax, levy, charge, fee, tax, or other imposition imposed by any authority, including any city,
county, state, or federal governmental agency, or any school, agricultural, lighting, transportation, housing, drainage, or other
improvement or special assessment district thereof;

 

		(3)	any tax on Landlord’s ‘right’ to rent
or ‘right’ to other income from the Building or as against Landlord’s business of leasing the Building;

 

		(4)	any assessment, tax, fee, levy, or charge in substitution,
partially or totally, of any assessment tax, fee, levy or charge previously included within the definition of Real Estate Taxes,
it being acknowledged by Tenant and Landlord that Proposition 13 was adopted by the voters of the State of California in the Election
of June, 1978, and that assessments, taxes, fees, levies, and charges may be imposed by governmental agencies for such services
as fire protection, street, sidewalk, and road maintenance, refuse removal, and for other governmental services formerly provided
without charge to property owners or occupants, and it being the intention of Tenant and Landlord that all such new and increased
assessments, taxes, fees, levies, and charges be included within the definition of Real Estate Taxes for the purposes of this
Lease;

 

		(5)	any assessment, tax, fee, levy, or charge allocable to
or measured by the area of the Building or Property or the Rent payable hereunder, including any gross income tax or excise tax
levied by any city, county, state, or federal governmental agency or any political subdivision thereof with respect to the receipt
of such Rent, or upon or with respect to the possession, leasing, operating, management, maintenance, alteration, repair, use,
or occupancy by Tenant of the Property or any portion thereof;

 

		(6)	any assessment, tax, fee, levy, or charge upon this transaction
or any document to which Tenant is a party, creating or transferring an interest or an estate in the Building or Property;

 

		(7)	any assessment, tax, fee, levy, or charge by any governmental
agency related to any transportation plan, fund, or system instituted within the geographic area of which the Building is a part;
or

 

		8)	reasonable legal and other professional fees, costs and
disbursements incurred in connection with proceedings to contest, determine or reduce Real Estate Taxes.

 

Exclusions. Notwithstanding the foregoing,
Real Estate Taxes shall not include (A) federal, state, or local income taxes; (B) franchise, gift, transfer, excise, capital stock,
estate, succession, or inheritance taxes; or (C) penalties or interest for late payment of Real Estate Taxes.

 

		(f)	Operating Expenses. “Operating Expenses”
means all expenses, costs, and amounts (other than Real Estate Taxes) of every kind and nature which Landlord shall pay during
any Adjustment Period of which any portion occurs during the Term, because of or in connection with the ownership, management,
repair, maintenance, restoration, and/or operation of the Property, including costs of the following:

 

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		(1)	all expenses, costs, and amounts of every kind and nature
which Landlord shall pay during any Adjustment Period of which any portion occurs during the Term, because of or in connection
with the electricity, power, gas, steam, oil or other fuel, water, sewer, lighting, heating, air conditioning, and ventilating
delivered to or consumed or used in or on the Property, but excluding the cost of any utilities provided by a public utility directly
to any tenant in the Complex and/or billed directly and separately by such utility or Landlord to such tenant by means of separate
metering or otherwise;

 

		(2)	permits, licenses, and certificates necessary to operate,
manage, and lease the Property;

 

		(3)	supplies, tools, equipment, and materials used in the operation,
repair, and maintenance of the Property;

 

		(4)	all insurance premiums for any insurance policies deemed
necessary or desirable by Landlord (including workers’ compensation, health, accident, group life, public liability, property
damage, earthquake, and fire and extended coverage insurance for the full replacement cost of the Property as required by Landlord
or its lenders for the Property);

 

		(5)	the deductible portion of any claim paid under any insurance
policy maintained by Landlord in connection with its management and operation of the Property;

 

		(6)	accounting, legal, inspection, consulting, concièrge,
and other services;

 

		(7)	services of independent contractors;

 

		(8)	compensation (including employment taxes and fringe benefits)
of all persons who perform duties in connection with the operation, maintenance, repair, or overhaul of the Building or Property,
and equipment, improvements, and facilities located within the Property, including engineers, janitors, painters, floor waxers,
window washers, security, parking personnel, and gardeners;

 

		(9)	operation and maintenance of a room for delivery and distribution
of mail to tenants of the Building as required by the U.S. Postal Service (including an amount equal to the fair market rental
value of the mail room premises);

 

		(10)	management of the Building or Property, whether managed
by Landlord or an independent contractor, including an amount equal to the fair market value of any on-site manager’s office
and the wages of any employee at or below the level of property manager (it being understood that wages above the level of property
manager shall be excluded);

 

		(11)	rental expenses for (or a reasonable depreciation allowance
on) personal property used in maintenance, operation, or repair of the Property and installment equipment purchase or equipment
financing agreements for such personal property;

 

		(12)	costs, expenditures, or charges (whether capitalized or
not) required by any governmental or quasi-governmental authority for any Laws enacted after the Commencement Date;

 

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		(13)	payments under any easement, operating agreement, declaration,
restrictive covenant, or instrument pertaining to the sharing of costs in any planned development;

 

		(14)	amortization of capital expenses (including financing costs)
incurred by Landlord after the Commencement Date in order to (A) comply with Laws, (B) reduce Property Operating Expenses, or
(C) upgrade the utility, efficiency, or capacity of any Utility or telecommunication systems serving tenants of the Property;

 

		(15)	operation, repair, and maintenance of all Systems and Equipment
and components thereof (including replacement of components); janitorial service; alarm and security service; window cleaning;
trash removal; elevator maintenance; cleaning of walks, parking facilities, and building walls; removal of ice and snow; replacement
of wall and floor coverings, ceiling tiles, and fixtures in lobbies, corridors, restrooms and other common or public areas or
facilities; maintenance and repair of the roof and exterior fabric of the Building, including replacement of glazing as needed;
maintenance and replacement of shrubs, trees, grass, sod, and other landscaped items, irrigation systems, drainage facilities,
fences, curbs, and walkways; repaving and restriping parking facilities; and roof repairs;

 

		(16)	the operation of any on-site maintenance shop(s) and the
operation and maintenance of the Athletic Facility, any other fitness center, conference rooms, and all other common areas and
amenities in the Property;

 

		(17)	provision of shuttle busses, shuttle services, and drivers
between the Complex and BART and SFO airport, as required by the Bay Area Regional Transportation Act and deed covenants and restrictions
applicable to the Complex; and

 

		(18)	any other costs or expenses incurred by Landlord which
are reasonably necessary to operate, repair, manage, and maintain the Building and Property in a first-class manner and condition
and which are not otherwise reimbursed by tenants of the Building.

 

Exclusions. Notwithstanding the foregoing,
Operating Expenses shall not include (A) depreciation, interest, and amortization on Superior Mortgages (as defined in § 18.1
below), and other debt costs or ground lease payments, if any; (B) legal fees in connection with leasing, tenant disputes, or enforcement
of leases; (C) real estate brokers’ leasing commissions; (D) improvements or alterations to tenant spaces; (E) the cost of
providing any service directly to, and reimbursed or paid directly by, any tenant; (F) any costs expressly excluded from Operating
Expenses elsewhere in this Lease; (G) costs of any items to the extent Landlord receives reimbursement from insurance proceeds
or from a third party (such proceeds to be deducted from Operating Expenses in the year in which received); (H) capital expenditures,
except those expressly permitted above; provided, all such permitted capital expenditures (together with reasonable financing charges)
shall be amortized for purposes of this Lease over the shorter of (x) their useful lives, (y) the period during which the reasonably
estimated savings in Operating Expenses equals the expenditures, or (z) three (3) years; (I) reserves; (J) costs resulting from
the negligence or wilfull misconduct of Landlord, Landlord’s property manager, or any other related Landlord party,

 

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except that the costs of any insurance premiums
Landlord may carry shall be included if such insurance covers any such Landlord costs; and (K) advertising costs.

 

4.3          Manner
of Payment. To provide for current payments of the Rental Adjustment, Tenant shall pay as Additional Rent during each
Adjustment Period an amount equal to Landlord’s estimate of the Rental Adjustment which will be payable by Tenant for such
Adjustment Period. Such payments shall be made in monthly installments, commencing on the first day of the month following the
month in which Landlord notifies Tenant of the amount it is to pay hereunder and continuing until the first day of the month following
the month in which Landlord gives Tenant a new notice of the estimated Rental Adjustment. It is the intention hereunder to estimate
from time to time the amount of Tenant’s Rental Adjustment for each Adjustment Period and then to effect a reconciliation
in the following year based on the actual expenses incurred for the preceding Adjustment Period, as provided in 4.4 below.

 

4.4          Reconciliation.
On or before the first day of April of each year after the first Adjustment Period (or as soon thereafter as is practical),
Landlord shall deliver to Tenant a statement (the “Statement”) setting forth the Rental Adjustment for the preceding
year. If the actual Rental Adjustment for the preceding Adjustment Period exceeds the total of the estimated monthly payments made
by Tenant for such Adjustment Period, Tenant shall pay Landlord the amount of the deficiency within thirty (30) days of the receipt
of the Statement. If such total of estimated payments made exceeds the actual Rental Adjustment for such Adjustment Period, then
Tenant shall receive a credit for the difference against payments of Rent next due. If the credit is due from Landlord on the Expiration
Date, Landlord shall pay Tenant the amount of the credit, less any Rent then due. The obligations of Tenant and Landlord to make
payments required under this § 4.4 shall survive the expiration or earlier termination of the Term of this Lease.

 

4.4.1      Audit
Right. Tenant may take exception to matters included in Rental Adjustment or Landlord’s computation thereof by sending
written notice specifying such exception and the reasons therefor to Landlord no later than one hundred eighty (180) days after
Landlord makes such records available for examination. Landlord’s Statement shall be considered final, except as to matters
to which exception is taken after examination of Landlord’s records in the manner and within the times specified herein.
Tenant acknowledges that Landlord’s ability to budget and incur expenses depends on the finality of the Statement and accordingly
agrees that time is of the essence of this § 4.4.1. If Tenant takes exception to any matter contained in the Statement as
provided herein, Landlord shall refer the matter to an independent certified public accountant of Landlord’s choice, whose
certification as to the proper amount shall be final and conclusive as between Landlord and Tenant. Tenant shall promptly pay the
cost of such certification unless such certification determines that Tenant was overbilled by more than five percent (5%), in which
case Landlord shall pay the costs of such certification up to Five Thousand Dollars ($5,000.00) and shall promptly refund the overbilled
amount to Tenant. Pending resolution of any such exceptions in the foregoing manner, Tenant shall continue paying Tenant’s
Pro Rata Share of Rental Adjustment in the amounts determined by Landlord, subject to adjustment after any such exceptions are
so resolved.

 

4.4.2      Changes
in Method. So long as Tenant’s obligations hereunder are not materially adversely affected thereby, Landlord reserves
the right reasonably to change from time to time the manner or timing of the foregoing payments. In lieu of providing one Statement
covering Real Estate Taxes and Operating Expenses, Landlord may provide separate statements, at the same or different times. No
delay by Landlord in providing the Statement (or separate statements) shall be deemed a default by Landlord or a waiver of Landlord’s
right to require payment of Tenant’s obligations for actual or estimated Real Estate Taxes or Operating Expenses. In no event
shall a decrease in Real Estate Taxes or Operating Expenses below the Base Operating Expenses or Base Real Estate Taxes ever decrease
the monthly Base Rent or give rise to a credit in favor of Tenant.

 

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4.4.3      Proration
of Rental Adjustment. If the Term does not commence on January 1 or does not end on December 31, Tenant’s obligations
to pay estimated and actual amounts towards Real Estate Taxes and Operating Expenses for such first or final calendar year shall
be prorated to reflect the portion of such year(s) included in the Term. Such proration shall be made by multiplying the total
estimated or actual (as the case may be) Real Estate Taxes and Operating Expenses for such calendar year(s), as well as the Base
Real Estate Taxes and Base Operating Expenses, by a fraction, the numerator of which shall be the number of days of the Term during
such calendar year, and the denominator of which shall be three hundred sixty-five (365).

 

4.5          Gross-up.
If the Building is less than ninety-five percent (95%) occupied during the Base Period or any Adjustment Period, then Operating
Expenses and Real Estate Taxes for the Base Period and/or such Adjustment Period shall be “grossed up” to that amount
of Operating Expenses and Real Estate Taxes that, using reasonable projections, would normally have been incurred during the Base
Period and/or such Adjustment Period if the Building had been ninety-five percent (95%) occupied during the Base Period and/or
such Adjustment Period, as determined in accordance with sound accounting and management practices, consistently applied. Only
those component elements or items of expense of Operating Expenses and Real Estate Taxes that are affected by variations in occupancy
levels shall be grossed up.

 

4.6          Adjustment
of Base Operating Expenses. Notwithstanding anything to the contrary contained in the Lease, the parties agree that
Base Operating Expenses and Operating Expenses for any subsequent Adjustment Period (herein called “Subsequent Operating
Expenses”) shall be subject to further adjustment by Landlord as follows:

 

		(a)	Exclusion of Capital Expenditures. Landlord may
exclude from Base Operating Expenses capital expenditures otherwise permitted, provided Landlord shall also exclude any amortization
of such expenditures from Subsequent Operating Expenses.

 

		(b)	Elimination of Recurring Expenses. If Landlord eliminates
from any Subsequent Operating Expenses a category of recurring expenses previously included in Base Operating Expenses, Landlord
may subtract such category from Base Operating Expenses commencing with such subsequent Adjustment Period.

 

		(c)	New Recurring Expenses. If Landlord includes a new
category of recurring Subsequent Operating Expenses not previously included in Base Operating Expenses, Landlord shall also include
an amount (the “Assumed Base Amount”) for such category in Base Operating Expenses commencing in such subsequent Adjustment
Period.

 

		(d)	Assumed Base Amount. The “Assumed Base Amount”
under § 4.6(c) above shall be the annualized amount of expenses for such new category in the first Adjustment Period it is
included, reduced by an amount determined in Landlord’s sole good faith discretion (but in no event by an amount less than
five percent (5%)) for each full or partial Adjustment Period that has elapsed during the Term of the Lease before such Adjustment
Period.

 

4.7          Adjustment
of Real Estate Taxes. If Base Real Estate Taxes are reduced as the result of protest, by means of agreement, as the
result of legal proceedings, or otherwise, Landlord may adjust Tenant’s obligations for Real Estate Taxes in all years affected
by any refund of taxes following the Base Tax Year; and Tenant shall pay Landlord within thirty (30)days after notice any additional
amount required by such adjustment for any Adjustment Periods that have theretofore occurred. Tenant shall be entitled to receive
a share of any refund or abatement of Real Estate Taxes received by Landlord to the extent of and

 

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in proportion to Tenant’s actual contribution
to the amount of Real Estate Taxes paid by Landlord during the period to which such refund or abatement relates, but in no event
shall Tenant be entitled to any refund with respect to Real Estate Taxes paid by Landlord during Tenant’s Base Tax Year.
If Real Estate Taxes for any Adjustment Period during the Term or any extension thereof shall be increased after payment thereof
by Landlord for any reason, including error or reassessment by applicable governmental authorities, Tenant shall pay Landlord upon
demand Tenant’s Pro Rata Share of such increased Real Estate Taxes. Tenant shall pay increased Real Estate Taxes whether
Real Estate Taxes are increased as a result of increases in the assessment or valuation of the Property (whether based on a sale,
change in ownership, refinancing of the Property, or otherwise), increases in the tax rates, reduction or elimination of any rollbacks
or other deductions available under current law, scheduled reductions of any tax abatement, as a result of the elimination, invalidity,
or withdrawal of any tax abatement, or for any other cause whatsoever. Notwithstanding the foregoing, if any Real Estate Taxes
shall be paid based on assessments or bills by a governmental authority using a fiscal year other than a calendar year, Landlord
may elect to average the assessments or bills for the subject calendar year, based on the number of months of such calendar year
included in each such assessment or bill.

 

4.8          Allocation
Within Complex. So long as the Property shall be part of the Complex collectively owned or managed by Landlord or its
affiliates or collectively managed by Landlord’s managing agent, Landlord may allocate Real Estate Taxes and Operating Expenses
within the Complex and between the buildings and structures comprising the Complex and the parcels on which they are located, in
accordance with sound accounting and management principles. In the alternative, Landlord shall have the right to determine, in
accordance with sound accounting and management principles, Tenant’s Pro Rata Share of Real Estate Taxes and Operating Expenses
based upon the totals of each of the same for all such buildings and structures, the land constituting parcels on which the same
are located, and all related facilities, including common areas and easements, corridors, lobbies, sidewalks, elevators, loading
areas, parking facilities, driveways, and other appurtenances and public areas, in which event Tenant’s Pro Rata Share shall
be based on the ratio of the rentable area of the Premises to the rentable area of all buildings in the Complex.

 

4.9          Landlord’s
Records. Landlord shall maintain records with respect to Real Estate Taxes and Operating Expenses and determine the
same in accordance with sound accounting and management practices, consistently applied. Although this Lease contemplates the computation
of Real Estate Taxes and Operating Expenses on a cash basis, Landlord shall make reasonable and appropriate accrual adjustments
to ensure that each Adjustment Period includes substantially the same recurring items. Landlord reserves the right to change to
a full accrual system of accounting so long as the same is consistently applied and Tenant’s obligations are not materially
adversely affected. Tenant or its representative shall have the right to examine such records, upon reasonable prior written notice
specifying such records Tenant desires to examine, during normal business hours at the place or places where such records are normally
kept, by sending such notice no later than forty-five (45) days following the furnishing of the Statement.

 

4.10        Other
Taxes Payable by Tenant. In addition to the Base Rent and any other charges to be paid by Tenant hereunder, Tenant shall,
as an element of Rent, reimburse Landlord upon demand for any and all taxes payable by Landlord (other than net income taxes) which
are not otherwise reimbursable under this Lease, whether or not now customary or within the contemplation of the parties, where
such taxes are upon, measured by, or reasonably attributable to (A) the cost or value of Tenant’s equipment, furniture, fixtures,
and other personal property located at the Premises, or the cost or value of any improvements made in or to the Premises by or
for Tenant, regardless of whether title to such improvements is held by Tenant or Landlord; (B) the gross or net Rent payable under
this Lease, including any rental or gross receipts tax levied by any taxing authority with respect to the receipt of the Rent hereunder;
(C) the possession, leasing, operation, management, maintenance, alteration, repair, use, or occupancy by Tenant

 

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of the Premises or any portion thereof; or
(D) this transaction or any document to which Tenant is a party creating or transferring an interest or an estate in the Premises.
Tenant shall pay any rent tax, sales tax, service tax, transfer tax, value-added tax, or any other applicable tax on the Rent or
services herein or otherwise respecting this Lease.

 

4.11        Rent
Control. If the amount of Rent or any other payment due under this Lease violates the terms of any governmental restrictions
on such Rent or payment, then the Rent or payment due during the period of such restrictions shall be the maximum amount allowable
under those restrictions. Upon termination of the restrictions, Landlord shall, to the extent it is legally permitted, recover
from Tenant the difference between the amounts received during the period of the restrictions and the amounts Landlord would have
received had there been no restrictions.

 

5       SECURITY
DEPOSIT

 

5.1          Deposit
for Security. Tenant shall deposit with Landlord the amount of Thirty Thousand Two Hundred Eighty-Seven Dollars and
Four Cents ($30,287.04) (the “Security Deposit”) upon Tenant’s execution and delivery of this Lease to Landlord.
The Security Deposit shall serve as security for the prompt, full, and faithful performance by Tenant of the terms and provisions
of this Lease, including the value of future rents as damages in accordance with California Civil Code § 1951.2, as set forth
in § 20.3 below. Landlord shall not be required to keep the Security Deposit separate from Landlord’s general funds
or pay interest on the Security Deposit.

 

5.1.1      Application
of Deposit. In the event that Tenant is in Default hereunder and fails to cure within any applicable time permitted under this
Lease, or in the event that Tenant owes any amounts to Landlord upon the expiration of this Lease, Landlord may use or apply the
whole or any part of the Security Deposit for the payment of Tenant’s obligations hereunder. The use or application of the
Security Deposit or any portion thereof shall not prevent Landlord from exercising any other right or remedy provided hereunder
or under any Law and shall not be construed as liquidated damages.

 

5.1.2      Restoration
of Full Deposit. In the event the Security Deposit is reduced by such use or application, Tenant shall deposit with Landlord,
within ten (10) days after written notice, an amount sufficient to restore the full amount of the Security Deposit. If the Premises
shall be expanded at any time, or if the Term shall be extended at any increased rate of Rent, the Security Deposit shall thereupon
be proportionately increased.

 

5.1.3      Disposition
of Security Deposit. After the Expiration Date or any earlier termination of the Lease, any remaining portion of the Security
Deposit shall be returned to Tenant after deduction of all amounts due as Rent or otherwise. Tenant expressly waives the provisions
of § 1950.7 of the California Civil Code.

 

6       COMPLIANCE
WITH LAWS

 

6.1          Tenant’s
Compliance with Laws. Tenant shall use the Premises in compliance with all applicable federal, state, county, and local
governmental and municipal laws, statutes, ordinances, rules, regulations, codes, decrees, orders, and other such requirements,
and decisions by courts in cases where such decisions are considered binding precedents in the State of California (the “State”),
and decisions of federal courts applying the laws of the State (collectively “Laws”). Tenant shall, at its sole cost
and expense, promptly comply with each and all of such Laws, and also with the requirements of any board of fire underwriters or
other similar body now or hereafter constituted to deal with the condition, use, or occupancy of the Premises, except in the case
of required structural changes not triggered by Tenant’s change in use of the Premises or Tenant’s alterations, additions,
or improvements therein. Tenant shall comply with all applicable Laws regarding the physical condition of the Premises, but only
to the extent

 

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that the applicable Laws pertain to the particular
manner in which Tenant uses the Premises or the particular use to which Tenant puts the Premises, if different from that permitted
under Article 2 of this Lease. Tenant shall also comply with all applicable Laws which do not relate to the physical condition
of the Premises and with which only the occupant can comply, such as laws governing maximum occupancy, workplace smoking, VDT regulations,
and illegal business operations, such as gambling. The judgement of any court of competent jurisdiction or the admission of Tenant
in any judicial action, regardless of whether Landlord is a party thereto, that Tenant has violated any of such Laws shall be conclusive
of that fact as between Landlord and Tenant.

 

6.1.1      Code Costs. Notwithstanding anything
to the contrary in this Article 6, if the requirement of any public authority obligates either Landlord or Tenant to expend money
in order to bring the Premises and/or any area of the Property into compliance with Laws as a result of (a) Tenant’s particular
use or alteration of the Premises; (b) Tenant’s change in the use of the Premises; (c) the manner of conduct of Tenant’s
business or operation of its installations, equipment, or other property therein; (d) any cause or condition created by or at the
instance of Tenant, other than by Landlord’s performance of any work for or on behalf of Tenant; or (e) breach of any of
Tenant’s obligations hereunder, then Tenant shall bear all costs (“Code Costs”) of bringing the Premises and/or
Property into compliance with Laws, whether such Code Costs are related to structural or nonstructural elements of the Premises
or Property.

 

6.2          Landlord’s
Compliance with Laws. Landlord represents that on the Commencement Date Landlord has no actual knowledge of any violation
of any applicable Laws respecting the Premises. During the Term Landlord shall comply with all applicable Laws regarding the Premises
and Property, except to the extent Tenant must comply under § 6.1 above.

 

7       HAZARDOUS
MATERIALS

 

7.1          Regulation
of Hazardous Materials. Tenant shall not transport, use, store, maintain, generate, manufacture, handle, dispose, release,
or discharge any “Hazardous Material” (as defined below) upon or about the Property, nor permit Tenant’s employees,
agents, contractors, and other occupants of the Premises to engage in such activities upon or about the Property. However, the
foregoing provisions shall not prohibit the transportation to and from, and use, storage, maintenance, and handling within, the
Premises of substances customarily used in offices, provided all of the following conditions are met:

 

		(a)	such substances shall be used and maintained only in such
quantities as are reasonably necessary for such permitted use of the Premises, strictly in accordance with applicable Laws and
the manufacturers’ instructions therefor;

 

		(b)	such substances shall not be disposed of, released, or
discharged on the Property and shall be transported to and from the Premises in compliance with all applicable Laws, and as Landlord
shall reasonably require;

 

		(c)	if any applicable Laws or Landlord’s trash removal
contractor requires that any such substances be disposed of separately from ordinary trash, Tenant shall make arrangements at
Tenant’s expense for such disposal directly with a qualified and licensed disposal company at a lawful disposal site (subject
to scheduling and approval by Landlord), and shall ensure that disposal occurs frequently enough to prevent unnecessary storage
of such substances in the Premises; and

 

		(d)	any remaining such substances shall be completely, properly,
and lawfully removed from the Property upon expiration or earlier termination of this Lease.

 

7.1.1      Definition
of Hazardous Material. The term “Hazardous Material” for purposes hereof shall mean any chemical, substance,
material, or waste or component thereof which is now or

 

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hereafter listed, defined, or regulated as
a hazardous or toxic chemical, substance, material, or waste or component thereof by any federal, state, or local governing or
regulatory body having jurisdiction, or which would trigger any employee or community “right-to-know” requirements
adopted by any such body, or for which any such body has adopted any requirements for the preparation or distribution of an MSDS.

 

7.2          Notification
of Landlord. Tenant shall promptly notify Landlord of (A) any enforcement, cleanup, or other regulatory action taken
or threatened by any governmental or regulatory authority with respect to the presence of any Hazardous Material on the Premises
or the migration thereof from or to other property; (B) any demands or claims made or threatened by any party against Tenant or
the Premises relating to any loss or injury resulting from any Hazardous Material on or from the Premises; and (C) any matters
where Tenant is required by law to give a notice to any governmental or regulatory authority respecting any Hazardous Material
on the Premises. Landlord shall have the right (but not the obligation) to join and participate, as a party, in any legal proceedings
or actions affecting the Premises initiated in connection with any environmental, health, or safety law.

 

7.3          List
of Hazardous Materials. At such times as Landlord may reasonably request, Tenant shall provide Landlord with a written
list identifying any Hazardous Material then used, stored, or maintained upon the Premises, the use and approximate quantity of
each such material, a copy of any material safety data sheet (“MSDS”) issued by the manufacturer thereof, written information
concerning the removal, transportation, and disposal of the same, and such other information as Landlord may reasonably require
or as may be required by law.

 

7.4          Cleanup.
If any Hazardous Material is released, discharged or disposed of by Tenant or any other occupant of the Premises, or their
employees, agents, or contractors, on or about the Property in violation of the foregoing provisions, Tenant shall immediately,
properly, and in compliance with applicable Laws clean up and remove the Hazardous Material from the Property and any other affected
property and clean or replace any affected personal property (whether or not owned by Landlord), at Tenant’s expense. Such
clean up and removal work shall be subject to Landlord’s prior written approval (except in emergencies), and shall include
any testing, investigation, and the preparation and implementation of any remedial action plan required by any governmental body
having jurisdiction or reasonably required by Landlord. If Tenant shall fail to comply with the provisions of this § 7.2 within
five (5) days after written notice by Landlord, or such shorter time as may be required by Laws or in order to minimize any hazard
to persons or property, Landlord may (but shall not be obligated to) arrange for such compliance directly or as Tenant’s
agent through contractors or other parties selected by Landlord, at Tenant’s expense (without limiting Landlord’s other
remedies under this Lease or applicable Laws).

 

7.5          Casualty
Damage. If any Hazardous Material is released, discharged, or disposed of on or about the Property and such release,
discharge, or disposal is not caused by Tenant or other occupants of the Premises, or their employees, agents, or contractors,
such release, discharge, or disposal shall be deemed casualty damage under Article 15 to the extent that the Premises or common
areas serving the Premises are affected thereby; in such case, Landlord and Tenant shall have the obligations and rights respecting
such casualty damage provided under Article 15 of this Lease.

 

7.6          Refrigerant.
Tenant shall not install any refrigerant-containing systems or equipment, including refrigerators, freezers, supplemental HVAC
systems or self-contained air conditioners, without Landlord’s prior approval, which Landlord may withhold in its sole discretion.
Unless Tenant shall have obtained Landlord’s prior written approval to install existing equipment after an inspection, at
Tenant’s sole cost and expense, by Landlord’s engineer for defects and proper proposed installation in the Premises,
all refrigerant-containing equipment and/or systems which Tenant installs in the Premises shall be new. Whether Tenant’s
refrigerant-containing equipment or systems are defective and are properly installed shall be determined at the sole discretion
of Landlord’s engineer. If Tenant wishes to

 

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install any refrigerant-containing equipment
or systems, Tenant shall obtain and provide Landlord with copies of all required permits associated with such equipment or systems.

 

7.6.1      Removal of Refrigerant. Notwithstanding
anything to the contrary in this Lease, Tenant shall remove all refrigerant and refrigerant-containing equipment and/or systems
installed in the Premises by or on behalf of Tenant prior to the Expiration Date of this Lease. Prior to the removal of any such
refrigerant or refrigerant-containing equipment and/or systems, Tenant shall submit to Landlord for Landlord’s approval,
the names of Tenant’s contractors and all plans and specifications for such removal. Tenant and Tenant’s contractors
shall comply with all legal requirements, industry practices and rules established by Landlord in performing such removal work.
Tenant shall repair any damage to the Property or the Systems and Equipment associated with such removal, and Tenant shall be responsible
for the costs associated with restoring the Property to the condition which existed immediately prior to any modification undertaken
by Landlord in order to accommodate Tenant’s refrigerant-containing equipment or systems.

 

8       SERVICES
AND UTILITIES

 

8.1          Landlord’s
Services. Landlord agrees to provide, on the terms and conditions specified herein, the following services and Utilities
for Tenant’s use and consumption in the Premises, the cost of which shall be included in Operating Expenses and reimbursed
to Landlord in accordance with § 4.1 above:

 

		(a)	Electricity. Electricity for standard office lighting
fixtures and for equipment and accessories customary for offices, provided (i) the connected electrical load of all the same does
not exceed an average of four (4) watts per usable square foot of the Premises (or such lesser amount as may be available, based
on the safe and lawful capacity of the existing electrical circuit(s) and facilities serving the Premises); (ii) the electricity
will be at nominal 120 volts, single phase (or 110 volts, depending on available service in the Building); and (iii) the safe
and lawful capacity of the existing electrical circuit(s) serving the Premises is not exceeded. Landlord will permit its electric
feeders, risers, and wiring servicing the Premises to be used by Tenant to the extent available and safely capable of being used
for such purpose.

 

		(b)	Telecommunications Interface. Interface with the
telephone network at the demarcation point or minimum point of entry (“MPOE”) supplied by the local regulated public
utility by means of Landlord’s INC consisting of cable pairs with a capacity consistent with the engineering standards to
which the Building was designed.

 

		(c)	HVAC. Heat, ventilation, and air-conditioning (“HVAC”)
to provide a temperature required, in Landlord’s reasonable opinion and in accordance with applicable Laws, for the comfortable
occupancy of the Premises during business hours (as defined in § 8.1.1 below). Landlord shall not be responsible for inadequate
air-conditioning or ventilation to the extent the same occurs because Tenant uses any item of equipment consuming more than 500
watts at rated capacity without providing adequate air-conditioning and ventilation therefor.

 

		(d)	Water. Water for drinking, lavatory and toilet purposes
at those points of supply provided for nonexclusive general use of other tenants at the Property.

 

		(e)	Janitorial Services. Customary office cleaning and
trash removal service Monday through Friday or Sunday through Thursday in and about the Premises.

 

		(f)	Elevator Services. Operatorless passenger elevator
service and freight elevator service (if the Property has such equipment serving the Premises, and subject to scheduling by

 

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Landlord) in common with Landlord and other
tenants and their contractors, agents, and visitors.

 

8.1.1      Business Hours. The term business
hours in this Lease shall mean the hours from 8:00 a.m. until 6:00 p.m. on Monday through Friday and from 9:00 a.m. until 1:00
p.m. on Saturday throughout the year, except for New Year’s Day, Presidents’ Day, Memorial Day, Independence Day, Labor
Day, Thanksgiving Day, Christmas Day, and any other federally-observed holiday which may be created during the Term (“Holidays”).

 

8.2          Additional
Electrical Capacity. Any additional risers, feeders, or other equipment or service proper or necessary to supply Tenant’s
electrical requirements will be installed by Landlord, upon written request of Tenant, at the sole cost and expense of Tenant,
if, in Landlord’s sole judgement, the same are necessary and will not cause permanent damage or injury to the Property, the
Premises, or the Systems and Equipment or cause or create a dangerous or hazardous condition or entail excessive or unreasonable
alterations, repairs, or expense or interfere with or disturb other tenants or occupants. Rigid conduit only will be allowed.

 

8.2.1      Approved
Electrical Load. Tenant agrees not to connect any additional electrical equipment of any type to the building electric distribution
system, beyond that on Tenant’s approved plans for initial occupancy, other than lamps, typewriters, and other office machines
which consume comparable amounts of electricity or other electrical equipment which in the aggregate consumes the same amount of
electricity as those approved for initial occupancy and will not result in any overload of electrical circuits, lines, or wiring,
without Landlord’s prior written consent. In no event shall Tenant use or install any fixtures, equipment, or machines the
use of which in conjunction with other fixtures, equipment, and machines in the Premises would result in an overload or the electrical
circuits servicing the Premises. Tenant covenants and agrees that at all times its use of electric current shall never exceed the
capacity of the feeders to the Building or the risers or wiring installation existing at the time in question.

 

8.3          Additional
Telecommunications Capacity. If Tenant desires any telecommunications capacity in excess of that available as of the
Commencement Date in the form of the INC between the MPOE and the telephone closet nearest the Premises and provided pursuant to
§ 8.1 above, Tenant shall bear the cost of installing additional risers or INC or replacing existing INC serving the Premises
pursuant to Article 9 below.

 

8.4          Replacement
Bulbs and Tubes. Tenant shall furnish, install, and replace, as required, all non-Building-standard lighting tubes,
lamps, bulbs, and ballasts required in the Premises, at Tenant’s sole cost and expense. All lighting tubes, lamps, bulbs,
and ballasts so installed become Landlord’s property upon the expiration or sooner termination of this Lease.

 

8.5          Twenty-Four
Hours Access. Subject to the provisions of § 8.8, Tenant, its employees, agents, and invitees shall have access
to the Premises twenty-four (24) hours a day, seven (7) days a week. Landlord may restrict access outside of business hours by
requiring persons to show a badge or identification card issued by Landlord. Landlord shall not be liable for denying entry to
any person unable to show the proper identification. Landlord may without liability temporarily close the Building if required
because of a life-threatening or Building-threatening situation.

 

8.6          Extra
Services. Landlord shall, subject to all applicable Laws, seek to provide such utilities or services in excess of those
Landlord is required to provide under § 8.1 above as Tenant may from time to time request, if the same are reasonable and
feasible for Landlord to provide and do not involve modifications or additions to the Property or the Systems and Equipment and
if Landlord shall receive Tenant’s request within a reasonable period prior to the time such extra utilities or services
are required. Landlord may comply with written or oral requests by any officer or employee of Tenant, unless Tenant

 

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shall notify Landlord of, or Landlord shall
request, the names of authorized individuals (up to three (3) for each floor on which the Premises are located) and procedures
for written requests. Tenant shall, for such extra utilities or services, pay such charges as Landlord shall from time to time
establish.

 

8.6.1      Extraordinary
Service Usage. If Tenant shall utilize Building services for the Premises at any time other than during business hours, Landlord
shall furnish such extraordinary services (excluding air-conditioning, except as provided below) at Landlord’s then-current
prevailing rate for such services. In addition to the foregoing services, if Tenant shall require air-conditioning service for
the Premises at any time other than during business hours, Landlord shall, upon reasonable advance notice from Tenant, furnish
such after-hours air-conditioning service at Landlord’s then-current prevailing rate for such services as a separate charge;
provided, however, in the event Tenant requests such after-hours air-conditioning service at a time not immediately preceding or
immediately succeeding times when “regular hours” service is being furnished hereunder, then Tenant must request not
less than five (5) hours of after-hours air-conditioning service. Notwithstanding anything contained herein to the contrary, Landlord’s
prevailing rate for the extraordinary services described herein shall be subject to increase from time to time as Landlord may
reasonably determine.

 

8.6.2      Payment
for Excess Usage. All charges for extra utilities or services or those requested outside business hours shall be due at the
same time as the installment of Base Rent with which the same are billed, or if billed separately, shall be due within twenty (20)
days after such billing.

 

8.6.3      Changes
in HVAC System. Use of the Premises, or any part thereof, in a manner exceeding the design conditions (including occupancy
and connected electrical load) for the heating or cooling units in the Premises, or rearrangement of partitioning which interferes
with normal operation of the HVAC system in the Premises, may require changes in the HVAC system servicing the Premises. Such changes
shall be made by Tenant, at its expense, as Tenant’s Changes pursuant to Article 9. Tenant shall not change or adjust any
closed or sealed thermostat or other element of the HVAC system without Landlord’s express prior written consent.

 

8.6.4      Separate
Metering. Landlord may install and operate meters or any other reasonable system for monitoring or estimating any services
or utilities used by Tenant in excess of those required to be provided by Landlord under this Article 8 (including a system for
Landlord’s engineer reasonably to estimate any such excess usage). If such system indicates such excess services or utilities,
Tenant shall pay Landlord’s reasonable charges for installing and operating such system and any supplementary air-conditioning,
ventilation, heat, electrical, or other systems or equipment (or adjustments or modifications to the existing Systems and Equipment),
and Landlord’s reasonable charges for such amount of excess services or utilities used by Tenant. If Tenant’s use of
extra utilities or services causes Landlord’s regulated baseline quantities of water, gas, electricity, or any other utility
or service to be exceeded, Tenant shall pay for such excess quantities of such utilities or services at the rate which is imposed
upon Landlord for quantities in excess of the regulated baseline. In addition, Tenant shall pay prior to delinquency any fine or
penalty which may be imposed upon or assessed against Landlord or the Building or the Property by virtue of Tenant’s excess
usage of any services or utilities, including water, gas, and electricity.

 

8.6.5      Supplemental
HVAC. If Tenant operates a supplemental HVAC unit in the Premises for cooling of a dedicated server room or otherwise, whether
such unit is was existing on the Commencement Date, installed by Landlord as part of Landlord’s Work to prepare the Premises
for Tenant’s occupancy, or installed later by Tenant as a Tenant’s Change, Tenant shall pay to Landlord as an extra
service charge all costs of operating such supplementary HVAC unit in accordance with the provisions of § 8.6.4 above as determined
by separate metering or the reasonable estimate of Landlord’s engineer.

 

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8.7          Interruption
of Services. Landlord does not warrant that any services or utilities provided hereunder for Tenant’s use in the
Premises will be free from shortages, failures, variations, or interruptions caused by repairs, maintenance, replacements, improvements,
alterations, changes of service, strikes, lockouts, labor controversies, accidents, inability to obtain services, fuel, steam,
water or supplies, governmental requirements or requests, or other causes beyond Landlord’s reasonable control, including
interference with light or other incorporeal hereditaments and any interruption in services or any failure to provide services
to Landlord by a designated utility company at the demarcation point at which Landlord accepts responsibility for such service
or at any point prior thereto, which interference impedes Landlord in furnishing plumbing, HVAC, electrical, sanitary, life safety,
elevator, telecommunications, or other Building services, utilities, or the Systems and Equipment. None of the same shall be deemed
an eviction or disturbance of Tenant’s use and possession of the Premises or any part thereof, shall render Landlord liable
to Tenant for abatement of Rent, or shall relieve Tenant from performance of Tenant’s obligations under this Lease. Landlord
in no event shall be liable for damages by reason of loss of profits, business interruption, or other compensatory or consequential
damages.

 

8.8          Safety
and Security Devices, Services, and Programs. The parties acknowledge that safety and security devices, services, and
programs provided by Landlord, if any, while intended to deter crime and ensure safety, may not in given instances prevent theft
or other criminal acts or ensure safety of persons or property, and such devices, services and programs shall not under any circumstances
be deemed to be a guaranty, representation, or warranty by Landlord to Tenant or any third parties as to the safety or protection
of person or property. The risk that any safety or security device, service, or program may not be effective, or may malfunction,
or be circumvented by a criminal, is assumed by Tenant with respect to Tenant’s property and interests; and Tenant shall
obtain insurance coverage to the extent Tenant desires protection against such criminal acts and other losses, as further described
in Article 14. Tenant agrees to coöperate in any reasonable safety or security program developed by Landlord or required by
Law.

 

9       TENANT’S
CHANGES

 

9.1          Tenant’s
Requested Changes. Tenant may, subject to § 9.2 below, from time to time during the Term of this Lease, at its
expense, make such alterations, additions, installations, substitutions, improvements, and decorations (collectively “Tenant’s
Changes”) in and to the Premises as Tenant may reasonably consider necessary for the conduct of its business in the Premises
(except for changes which would require modification of the Property outside the Premises), on the following conditions:

 

		(a)	the outside appearance or the strength of the Building
or of any of its structural parts shall not be affected, and Tenant shall cause no penetration of the roof or the exterior fabric
of the Building;

 

		(b)	no part of the Building outside of the Premises shall be
physically affected;

 

		(c)	the proper functioning of any of the Systems and Equipment
shall not be adversely affected, and the usage of such systems by Tenant shall not be increased;

 

		(d)	no such change shall require the addition of new INC riser
cable or expand the number of telephone pairs dedicated to the Premises by the Buildings’ telecommunications engineering
design;

 

		(e)	in performing the work involved in making such changes,
Tenant shall be bound by and observe all of the conditions and covenants contained in the following sections of this Article 9;
and

 

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		(f)	with respect to Tenant’s Changes, Tenant shall make
all arrangements for, and pay all expenses incurred in connection with, use of the freight elevators servicing the Premises.

 

9.2          Plans
and Approval. Before proceeding with any Tenant’s Changes, Tenant shall advise Landlord thereof and arrange a
meeting with the Building Manager, the Building Architect, and/or the Building Contractor, as required by Landlord in relation
to the scope of the proposed Changes. Except in extraordinary circumstances which would reasonably require an exception, all work
to be performed in the Building shall be performed by the Building Contractor on the basis of plans and drawings prepared by the
Building Architect. If Landlord grants permission for Tenant to utilize another contractor and/or architect for its Changes, before
proceeding with any Tenant’s Changes, Tenant shall submit to Landlord plans and specifications and all changes and revisions
thereto for the work to be done for Landlord’s reasonable approval; and Tenant shall, upon demand of Landlord, pay to Landlord
the reasonable costs incurred and paid to third parties by Landlord for the review of such plans and specifications and all changes
and revisions thereto by its architect, engineer, and other consultants. Landlord may as a condition of its approval require Tenant
to make reasonable revisions in and to the plans and specifications. Landlord may require Tenant to post a bond or other security
reasonably satisfactory to Landlord to insure the completion of such change. If Landlord consents to any Tenant’s Changes
or supervises the work of constructing any Tenant’s Changes, such consent or supervision shall not be deemed a warranty as
to the adequacy of the design, workmanship, or quality of materials, and Landlord hereby expressly disclaims any responsibility
or liability for the same. Landlord shall under no circumstances have any obligation to repair, maintain, or replace any portion
of such work.

 

9.2.1      As-Built Plans. Within thirty
(30) days after completion of Tenant’s Changes requiring the submission of plans to Landlord, Tenant shall furnish to Landlord
a complete set of “as-built” plans and specifications.

 

9.3          Permits
and Performance. Tenant, at its expense, shall obtain all necessary governmental permits and certificates for the commencement
and prosecution of Tenant’s Changes and for final approval thereof upon completion and shall furnish copies thereof to Landlord.
Tenant shall cause Tenant’s Changes to be performed in compliance therewith and with all applicable Laws and requirements
of public authorities and with all applicable requirements of insurance bodies, and in good and workmanlike manner, using new materials
and equipment at least equal in quality and class to the original installations in the Property. Tenant’s Changes shall be
performed in such manner as not unreasonably to interfere with, delay, or impose any additional expense upon Landlord in the renovation,
maintenance, or operation of the Property or any portion thereof, unless Tenant shall indemnify Landlord therefor to the latter’s
reasonable satisfaction.

 

9.4          Contractors.
All electrical, mechanical, and plumbing work in connection with Tenant’s Changes shall be performed by Landlord’s
contractors at Tenant’s expense. If Tenant shall request any electrical, mechanical, or plumbing work in connection with
Tenant’s Changes, Landlord shall request Landlord’s contractors to furnish Tenant with prices to perform the same prior
to prosecuting same. In addition to the foregoing, and notwithstanding anything to the contrary in this Article 9, Landlord may,
at Landlord’s option, require that the work of constructing any Tenant’s Changes be performed by Landlord’s contractor,
in which case the cost of such work shall be paid for before commencement of the work.

 

9.5          Supervision
and Fee. Landlord may require that all work of constructing Tenant’s Changes be performed under Landlord’s
supervision. If Landlord does not elect to require that Tenant use Landlord’s contractor, and if Tenant chooses to use its
own contractor for the work of constructing Tenant’s Changes, Tenant shall pay to Landlord upon completion of any such work
by Tenant’s contractor an administrative fee of fifteen percent (15%) of the cost of the work, to cover Landlord’s

 

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overhead in reviewing Tenant’s plans
and specifications and performing any supervision of the work of Tenant’s Changes. If Tenant chooses to use Landlord’s
contractor for such work, Tenant shall pay to Landlord upon completion an administrative fee equal to five percent (5%) of the
cost of the work.

 

9.6          Restoration
of Fixtures. If any of Tenant’s Changes shall involve the removal of any fixtures, equipment, or other property
in the Premises which are not Tenant’s Property (as defined in Article 10), such fixtures, equipment, or other property shall
be promptly replaced, at Tenant’s expense, with new fixtures, equipment, or other property (as the case may be) of like utility
and at least equal value, unless Landlord shall otherwise expressly consent in writing; and Tenant shall, upon Landlord’s
request, store and preserve, at Tenant’s sole cost and expense, any such fixtures, equipment or property so removed and shall
return same to Landlord upon the expiration or sooner termination of this Lease.

 

9.7          Mechanic’s
Liens. Tenant shall keep the Property and Premises free from any mechanic’s, materialman’s, or similar liens
or other such encumbrances, including the liens of any security interest in, conditional sales of, or chattel mortgages upon, any
materials, fixtures, or articles so installed in and constituting part of the Premises, in connection with any Tenant’s Changes
on or respecting the Premises not performed by or at the request of Landlord and shall indemnify, defend, protect, and hold Landlord
harmless from and against any claims, liabilities, judgements, or costs (including attorneys’ fees) arising out of the same
or in connection with any such lien, security interest, conditional sale or chattel mortgage or any action or proceeding brought
thereon. Tenant shall give Landlord written notice at least twenty (20) days prior to the commencement of work on any Tenant’s
Change in the Premises (or such additional time as may be necessary under applicable Laws), in order to afford Landlord the opportunity
of posting and recording appropriate notices of nonresponsibility. Tenant shall remove any such lien or encumbrance by bond or
otherwise within thirty (30) days after written notice by Landlord; and if Tenant shall fail to do so, Landlord may pay the amount
necessary to remove such lien or encumbrance, without being responsible for investigating the validity thereof. The amount so paid
shall be deemed Additional Rent under this Lease payable upon demand, without limitation as to other remedies available to Landlord
under this Lease. Nothing contained in this Lease shall authorize Tenant to do any act which shall subject Landlord’s title
to the Property or Premises to any liens or encumbrances, whether claimed by operation of law or express or implied contract. Any
claim to a lien or encumbrance upon the Property or Premises arising in connection with any Work on or respecting the Premises
not performed by or at the request of Landlord shall be null and void, or, at Landlord’s option, shall attach only against
Tenant’s interest in the Premises and shall in all respects be subordinate to Landlord’s title to the Property and
Premises.

 

9.8          Notices
of Violation. Tenant, at its expense, and with diligence and dispatch, shall procure the cancellation or discharge of
all notices of violation arising from or otherwise connected with Tenant’s Changes which shall be issued by any governmental,
public, or quasi-public authority having or asserting jurisdiction. However, nothing herein contained shall prevent Tenant from
contesting, in good faith and at its own expense, any such notice of violation, provided that Landlord’s rights hereunder
are in no way compromised or diminished thereby.

 

9.9          Industrial
Relations. Tenant agrees that the exercise of its rights pursuant to the provisions of this Article 9 or any other provision
of this Lease shall not be done in a manner which would create any work stoppage, picketing, labor disruption, or dispute or violate
Landlord’s union contracts affecting the Property and/or Complex or interfere with the business of Landlord or any Tenant
or occupant of the Building. Tenant shall, immediately upon notice from Landlord, cease any activity, whether or not permitted
by this Lease, giving rise to such condition. If Tenant fails to do so, Landlord, in addition to any rights available to it under
this Lease and pursuant to Law, shall have the right to an ex parte injunction without notice.

 

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10       TENANT’S
PROPERTY

 

10.1        Fixtures
and Improvements. All fixtures, equipment, improvements, alterations, and appurtenances attached to or built into the
Premises at the commencement of or during the Term of this Lease, including cabinets, sinks, faucets, appliances, hot water heaters,
etc. (collectively “Improvements”), whether or not by or at the expense of Tenant, shall be and remain a part of the
Premises, shall be deemed the property of Landlord, and shall not be removed by Tenant, except as expressly provided in Article
11 below.

 

10.2        Tenant’s
Property and Trade Fixtures. All movable partitions, trade fixtures, office machinery and equipment, communications
equipment, and computer equipment (whether or not attached to or built into the Premises) which are installed in the Premises by
or for the account of Tenant, without expense to Landlord and which can be removed without structural damage to the Property, and
all furniture, furnishings, and other articles of movable personal property owned by Tenant and located in the Premises (collectively
“Tenant’s Property”) shall be and shall remain the property of Tenant and may be removed by it at any time during
the Term of this Lease; provided that if any of Tenant’s Property is removed, Tenant or any party or person entitled to remove
same shall repair or pay the cost of repairing any damage to the Premises or to the Property resulting from such removal. Any equipment
or other property for which Landlord shall have granted any allowance or credit to Tenant or which has replaced such items originally
provided by Landlord at Landlord’s expense shall not be deemed to have been installed by or for the account of Tenant, without
expense to Landlord, and shall not be considered Tenant’s Property.

 

11       CONDITION
UPON SURRENDER

 

11.1        Condition
and Restoration. At or before the Expiration Date or the date of any earlier termination of this Lease, or as promptly
as practicable using Tenant’s best efforts after such an earlier termination date, Tenant, at its expense, shall do all of
the following:

 

		(a)	surrender possession of the Premises in the condition required
under § 12.1 below, ordinary wear and tear excepted;

 

		(b)	surrender all keys, any key cards, and any parking stickers
or cards to Landlord and give Landlord in writing the combinations of any locks or vaults then remaining in the Premises;

 

		(c)	remove from the Premises all of Tenant’s Property,
including any data wiring and cabling that Tenant has installed, except such items thereof as Tenant shall have expressly agreed
in writing with Landlord were to remain and to become the property of Landlord; and

 

		(d)	fully repair any damage to the Premises or the Property
resulting from such removal.

 

Tenant’s obligations herein shall survive
the expiration or earlier termination of the Lease, unless expressly provided to the contrary herein. All Improvements and other
items in or upon the Premises (except Tenant’s Property), whether installed by Tenant or Landlord, shall be Landlord’s
property and shall remain upon the Premises, all without compensation, setoff, allowance, or credit to Tenant; provided, however,
that if prior to such expiration or earlier termination Landlord so directs by notice, Tenant shall promptly remove such of the
Improvements in the Premises as are designated in such notice and shall restore the Premises to their condition prior to the installation
of such Improvements. Notwithstanding the foregoing, Landlord shall not require removal of customary office improvements installed
as part of Landlord's Work under § 3.2 above (except as expressly provided to the contrary

 

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therein), or installed by Tenant with Landlord’s
written approval (except as expressly required by Landlord in connection with granting such approval).

 

11.2        Tenant’s
Failure to Remove or Restore. If Tenant shall fail to perform any repairs or restoration or fail to remove any items
from the Premises as required under this Article 11, Landlord may do so, and Tenant shall pay Landlord the cost thereof upon demand.
All property removed from the Premises by Landlord pursuant to any provisions of this Lease or any Law may be handled or stored
by Landlord at Tenant’s expense, and Landlord shall in no event be responsible for the value, preservation, or safekeeping
thereof. All property not removed from the Premises or retaken from storage by Tenant within thirty (30) days after expiration
or earlier termination of this Lease or Tenant’s right to possession shall at Landlord’s option be conclusively deemed
to have been conveyed by Tenant to Landlord as if by bill of sale without payment by Landlord. Unless prohibited by applicable
Laws, Landlord shall have a lien against such property for the costs incurred in removing and storing the same.

 

12       REPAIRS
AND MAINTENANCE

 

12.1        Tenant’s
Care of Premises. Except for customary cleaning and trash removal provided by Landlord under § 8.1 above and damage
covered under Article 15, Tenant shall keep the Premises in good and sanitary condition, working order, and repair, including carpet,
wall-covering, doors pertinent to and within the Premises, plumbing, all telecommunications cables and wiring within Tenant’s
Premises (“IW”) from the interface of such IW with the INC, and other fixtures, equipment, alterations, and improvements,
whether installed by Landlord or Tenant. In addition, Tenant, at its expense, shall promptly make all repairs, ordinary or extraordinary,
interior or exterior, structural or otherwise, in and about the Premises and the Property, as shall be required by reason of (a)
the performance or existence of Tenant’s Work or Tenant’s Changes; (b) the installation, use, or operation of Tenant’s
Property in the Premises; (c) the moving of Tenant’s Property in or out of the Building; or (d) the misuse or neglect of
Tenant or any of its employees, agents, or contractors. Tenant, at its expense, shall replace all scratched, damaged, or broken
doors or other glass in or about the Premises and shall be responsible for all repairs, maintenance, and replacement of wall and
floor coverings in the Premises and for the repair and maintenance of all lighting fixtures therein. All repairs except for emergency
repairs made by Tenant as provided herein shall be performed by contractors or subcontractors approved in writing by Landlord prior
to commencement of such repairs, which approval shall not be unreasonably withheld or delayed. If Tenant does not promptly make
such arrangements, Landlord may, but need not, make such repairs, maintenance, and replacements, and the costs paid or incurred
by Landlord therefor shall be reimbursed by Tenant promptly after request by Landlord.

 

12.2        Landlord’s
Care of Property. Landlord, at its expense, shall keep and maintain the common areas of the Property and the Systems
and Equipment serving the Premises in good working order, condition, and repair and shall make all repairs, structural and otherwise,
interior and exterior, as and when needed in or about the Premises, except for those repairs for which Tenant is responsible pursuant
to § 12.1 above or any other provisions of this Lease. Landlord shall maintain and repair all INC in the Building, and Tenant
shall have no right to make repairs to INC. The cost of Landlord’s maintenance and repairs pursuant to this Article 12 shall
be reimbursed to Landlord to the extent provided in Article 4 above.

 

12.3        Waiver
by Tenant. Tenant waives the benefits of any statute now or hereafter in effect which would otherwise afford Tenant
the right to make repairs at Landlord’s expense or to terminate this Lease because of Landlord’s failure to keep the
Premises in good order, condition, and repair.

 

13       RULES
AND REGULATIONS

 

13.1        Observance
and Modification. Tenant and its employees and agents shall faithfully observe and comply with the Rules and Regulations
attached hereto as Exhibit C (the “Rules”) and such reasonable

 

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changes therein (whether by modification, elimination,
or addition) as Landlord at any time or times hereafter may make and communicate in writing to Tenant, so long as such changes
do not unreasonably affect the conduct of Tenant’s business in the Premises, except as required by any applicable Law; provided,
however, that in case of any conflict or inconsistency between the provisions of this Lease and any of the Rules as originally
promulgated or as changed, the provisions of this Lease shall control.

 

13.2        Application
to Tenant. Nothing in this Lease shall be construed to impose upon Landlord any obligation to Tenant to enforce the
Rules or the terms, covenants, or conditions in any other lease, as against any other tenant, and Landlord shall not be liable
to Tenant for violation of the same by any other tenant or its employees, agents, or visitors.

 

14       INSURANCE
AND INDEMNIFICATION

 

14.1        Tenant’s
Insurance. Tenant shall obtain and maintain in effect at all times during Tenant’s possession of the Premises
the following insurance coverages and policies:

 

14.1.1    Liability
Insurance. Tenant shall maintain a policy of commercial general liability insurance, which shall include coverages for (a)
personal injury; (b) broad-form contractual liability; and (c) broad-form property damage liability. The minimum limits of liability
shall be a combined single limit with respect to each occurrence of not less than Two Million Dollars ($2,000,000) and an aggregate
limit of not less than Three Million Dollars ($3,000,000). Such limits may be met through any combination of primary and excess
liability policies, provided that any umbrella or excess liability policy shall be in following form. The policy shall contain
a cross-liability endorsement and a severability of interest clause. Tenant shall increase the insurance coverage as required by
Landlord’s lender or if Landlord’s insurance consultant believes that the coverage is not adequate.

 

14.1.2    Tenant’s
Business Auto Liability Insurance. Tenant shall maintain business auto liability insurance with an “any auto, owned,
non-owned, and hired” endorsement in an amount not less than Two Million Dollars ($2,000,000) combined single limit.

 

14.1.3    Tenant’s
Business Personal Property Insurance. Tenant shall maintain on all of its business personal property, including valuable business
papers and accounts receivable; operating supplies; inventory; and furniture, fixtures, and equipment (whether owned, leased, or
rented) (collectively “Business Personal Property”) an “all risk” property damage insurance policy including
coverages for sprinkler leakage and containing an agreed amount endorsement (or, if applicable, a business owner’s policy
with a no-coinsurance provision) in an amount not less than one hundred percent (100%) of the full replacement cost valuation of
such Business Personal Property. The proceeds from any such policy shall be used by Tenant for the replacement of such Business
Personal property.

 

14.1.4    Workers’
Compensation Insurance. Tenant shall maintain workers’ compensation insurance as required by law and employer’s
liability insurance in an amount not less than Five Hundred Thousand Dollars ($500,000).

 

14.1.5    Business
Interruption/Extra Expense Insurance. Tenant shall maintain business interruption or (if applicable) contingent business interruption
and extra expense insurance in such amounts as will reimburse Tenant for direct or indirect loss of earnings and incurred costs
attributable to the perils commonly covered by Tenant’s property insurance described in § 14.1.3 above but in no event
less than the greater of (i) the total of Tenant’s annual net profits plus annual continuing business expenses or (ii) Five
Million Dollars ($5,000,000). Such insurance will be carried with the same insurer that issues the insurance for Tenant’s
Business Personal Property pursuant to § 14.1.2 above.

 

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14.1.6    Other
Coverage. Tenant, at its cost, shall maintain such other insurance as Landlord may reasonably require from time to time, but
in no event may Landlord require any other insurance which is not then available at commercially reasonable rates.

 

14.2        Tenant’s
Insurance Criteria. All insurance required to be maintained by Tenant under this Lease shall conform to the following
criteria:

 

(i)          Tenant’s
insurance shall be issued by insurance companies authorized to do business in the State of California with a financial rating of
at least A-:VIII for any property insurance and at least A-:VIII for any liability insurance, as rated in the most recent edition
of Best’s Insurance Reports.

 

(ii)         Tenant’s
commercial general liability insurance shall be issued as primary and noncontributory to any insurance maintained by Landlord.

 

(iii)        Tenant’s
liability insurance policies shall name Tenant as the insured and Landlord, Landlord’s agents, and any Lessors and Holders
(as such terms are defined in § 18.1 below) whose names shall have been furnished to Tenant as additional insureds.

 

(iv)        Should
Tenant receive a notice of cancellation from the insurer of any of the insurance required in this Lease, Tenant shall notify Landlord
in writing within five (5) business days of receipt of such notice. Tenant will take all reasonable steps to remedy the cause of
any such cancellation or shall find replacement insurance meeting the requirements of this Lease, such that no lapse in the required
insurance shall occur. Tenant shall provide written notice to Landlord that the pending cancellation has been rescinded or shall
provide a certificate of insurance evidencing the replacement insurance, by the date the pending cancellation was to become effective.

 

(v)         with
respect to damage to or loss of Tenant’s Business Personal Property, a waiver of subrogation must be obtained, as required
under § 14.4 below.

 

14.2.1    Blanket
Coverage. All of the insurance requirements set forth herein on the part of Tenant to be observed shall be deemed satisfied
if the Premises are covered by a blanket insurance policy complying with the limits, requirements, and criteria contained in this
Article 14 insuring all or most of Tenant’s facilities in California.

 

14.2.2    Evidence
of Coverage. A duplicate original policy or a certificate of insurance shall be deposited with Landlord at the commencement
of the Term or, if earlier, upon Tenant’s taking possession of the Premises; and on renewal of the policy a certificate of
insurance listing the insurance coverages required hereunder and naming the appropriate additional insureds shall be deposited
with Landlord not less than seven (7) days before expiration of the policy.

 

14.3        Landlord’s
Insurance. Landlord shall maintain “all risk” property damage insurance containing an agreed amount endorsement
covering not less than one hundred percent (100%) of the full insurable replacement cost valuation of (y) the Building and the
tenant improvements, betterments, and the alterations thereto; and (z) Landlord’s personal property, business papers, furniture,
fixtures, and equipment (collectively “Landlord’s Property”), exclusive of the costs of excavation, foundations
and footings, and risks required to be covered by Tenant’s insurance, and subject to commercially reasonable deductibles.
Landlord shall also obtain and keep in full force the following policies of insurance: (a) commercial general liability insurance;
(b) loss of rent insurance (also known as rent continuation insurance); (c) workers’ compensation insurance, if required
by applicable Law; and (d) such other insurance as Landlord deems appropriate or as may be required by any Holder or Lessor.

 

14.4        Releases
and Waivers of Subrogation. The purpose of this provision is to allow Landlord and Tenant to allocate and assume certain
risks to coincide with insurance coverages required to be

 

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maintained pursuant to the terms to this Lease.
Landlord and Tenant recognize the benefit that each will receive from the waivers of subrogation each is required to obtain pursuant
to this § 14.4 and that there are significant advantages to each in connection with minimizing duplication of insurance coverages.
Accordingly, Landlord and Tenant agree to accept and place the limitations which follow on each other’s respective liabilities
and responsibility for damages in order to coincide with required insurance coverages.

 

14.4.1    Tenant’s
Property Agreement. In light of Tenant’s agreement to insure Tenant’s Business Personal Property in accordance
with § 14.1.3 above, Tenant agrees that Landlord will have no liability to Tenant in the event Landlord damages or destroys,
negligently or otherwise, all or any part of Tenant’s Business Personal Property. Tenant will cause to be placed in its insurance
policies covering Tenant’s Business Personal Property a waiver of subrogation so that its insurance company will not become
subrogated to Tenant’s rights and will not be able to proceed against Landlord in connection with any such damage or destruction.

 

14.4.2    Landlord’s
Property Agreement. In light of Landlord’s agreement to insure Landlord’s Property in accordance with § 14.3
above, Landlord agrees that Tenant will have no liability to Landlord in the event that Tenant damages or destroys, negligently
or otherwise, all or any part of Landlord’s Property. Landlord will cause to be placed in its insurance policies covering
Landlord’s Property a waiver of subrogation so that its insurance company will not become subrogated to Landlord’s
rights and will not be able to proceed against Tenant in connection with any such damage or destruction.

 

14.4.3    Tenant’s
Release. Landlord shall not be responsible or liable to Tenant for any damages or destruction to Tenant’s Business Personal
Property caused by Landlord’s employees, agents, visitors, invitees, guests, or independent contractors (collectively “Landlord’s
Associates”), and Tenant hereby releases Landlord from any claims, liabilities, demands, losses, damages, consequential damages,
and the like, including reasonable attorneys’ fees and court costs (collectively “Claims”) resulting from damage
or destruction to Tenant’s Business Personal Property caused directly or indirectly by Landlord and/or Landlord’s Associates;
provided, however, that nothing herein shall be deemed to release Landlord’s independent contractors from any such Claims
Tenant may have against Landlord’s independent contractors.

 

14.4.4    Landlord’s
Release. Tenant shall not be responsible or liable to Landlord for any damages or destruction to Landlord’s Property
caused by Tenant’s employees, agents, visitors, invitees, guests, or independent contractors (collectively “Tenant’s
Associates”), and Landlord hereby releases Tenant from any Claims resulting from damage or destruction to Landlord’s
Property caused directly or indirectly by Tenant and/or Tenant’s Associates; provided, however, that nothing herein shall
be deemed to release Tenant’s independent contractors from any such Claims Landlord may have against Tenant’s independent
contractors.

 

14.4.5    Damage
to Business and Loss of Rents. In light of Landlord’s agreement to carry continuation of rent insurance pursuant to §
14.3 above and Tenant’s agreement to carry business interruption insurance (extra expense insurance) in accordance with §
14.1.5 above, in the event that Landlord’s Property is damaged or destroyed because of any act or conduct, negligent or otherwise,
by Tenant and/or by Tenant’s Associates, Landlord shall have no rights against Tenant by virtue of such damage or destruction,
and Landlord hereby releases Tenant from all Claims, including claims for loss of rent, by Landlord directly or indirectly resulting
from the damage or destruction of Landlord’s Property by conduct by Tenant and/or by Tenant’s Associates. Likewise,
in the event that Tenant’s Business Personal Property is damaged or destroyed because of any act or conduct, negligent or
otherwise, by Landlord and/or by Landlord’s Associates, Tenant shall have no rights against Landlord by virtue of such damage
or destruction, and Tenant hereby releases Landlord

 

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from all Claims by Tenant directly or indirectly
resulting from the damage or destruction to Tenant’s Business Personal Property by the conduct of Landlord and/or Landlord’s
Associates, including Claims for loss of business or loss of profits. Notwithstanding the foregoing, nothing herein shall be deemed
to release Tenant’s or Landlord’s independent contractors from any liability to Tenant and/or Landlord.

 

14.4.6    Injury
and Death to Individuals. Landlord and Tenant understand that waivers of subrogation do not apply to injury to and death of
individuals. Landlord and Tenant shall each carry insurance, as provided by this Article 14, in connection with injury and death
to individuals. Landlord hereby agrees to indemnify and hold Tenant harmless from any Claims which Tenant may otherwise have with
respect to injury or death to individuals occurring within the Property but outside the Premises, except to the extent that such
injury or death is caused by Tenant and/or Tenant’s Associates, through negligence or otherwise, and is not covered by the
insurance Landlord is required to carry under this Lease. Likewise, Tenant agrees to indemnify, defend, protect, and hold Landlord
harmless from any Claims for injury or death to persons occurring within the Premises or caused, directly or indirectly, by Tenant
or Tenant’s Associates outside the Premises, except to the extent such injuries or death are caused by Landlord and/or Landlord’s
Associates, through negligence or otherwise, and are not covered by the insurance Tenant is required to carry under this Lease.

 

14.4.7    Abatement
of Rent. Except as may be expressly provided elsewhere in this Lease, Tenant shall not be entitled to Rent abatement and shall
not otherwise have, and hereby releases Landlord from, any Claims resulting from Tenant’s inability to utilize all or any
part of the Premises, except to the extent that Tenant is unable to use all or any part of the Premises and does not use all or
any part of the Premises as a result of Landlord’s intentional decision to refuse to provide access to the Building and/or
the Premises and/or to provide services and/or utilities to Tenant as required to be provided by Landlord to Tenant pursuant to
this Lease, where such refusal is not caused by a Force Majeure occurrence.

 

14.4.8    Availability
of Waiver of Subrogation. If an insurance policy cannot be obtained with a waiver of subrogation or is obtainable only by the
payment of an additional premium charge above that charged by insurance companies issuing policies without waiver of subrogation,
the party undertaking to obtain the insurance shall notify the other party of this fact. The other party shall have a period of
ten (10) days after receiving the notice either to place the insurance with a company that is reasonably satisfactory to the other
party and that will carry the insurance with a waiver of subrogation at no additional cost or to agree to pay the additional premium
if such a policy is obtainable at additional cost. If the insurance cannot be obtained or the party in whose favor a waiver of
subrogation is desired refuses to pay the additional premium charged, the other party is relieved of the obligation to obtain a
waiver of subrogation with respect to the particular insurance involved.

 

14.5        Other
Cases of Damage or Injury. In all cases not covered by the foregoing provisions of this Article 14, Tenant hereby assumes
all risk of damage to property or injury to persons in, upon, or about the Premises from any cause other than the negligence or
intentional misconduct of Landlord and its agent or employees. Without limiting the generality of the foregoing, Landlord shall
not be liable for injury or damage which may be sustained by the person, goods, wares, merchandise, or property of Tenant or Tenant’s
Associates or any other person in or about the Premises caused by or resulting from fire, steam, electricity, gas, water or rain,
which may leak or flow from or into any part of the Premises, or from the breakage, leakage, obstruction, or other defects of the
Systems and Equipment, pipes, sprinklers, wires, INC, appliances, plumbing, heating, air-conditioning, or lighting fixtures of
the same, whether the damage or injury results from conditions arising upon the Premises or upon other portions of the Property,
the Complex, or from other sources. Landlord shall not be liable for any damages arising from

 

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any act or omission of any other tenant or
occupant of the Property or Complex. In all cases not covered by the foregoing provisions of this Article 14, Tenant shall indemnify,
defend, protect, and hold Landlord harmless against (a) any and all Claims arising from any death or injury to any person or damage
to any property whatsoever occurring in, on, or about the Premises or any part thereof, and (b) any and all Claims occurring in,
on or about any of the Common Areas, the Property, or the Complex, when such injury or damage is caused in whole or in part by
the act, negligence, fault, or omission of any duty with respect to the same by Tenant or Tenant’s Associates. In all cases
not covered by the foregoing provisions of this Article 14, Tenant shall further indemnify, defend, protect, and hold Landlord
harmless from and against any and all Claims arising from any breach or default in the performance of any obligation on Tenant’s
part to be performed under this Lease, or arising from any act or negligence of Tenant or Tenant’s Associates, and from and
against all costs, attorneys’ fees, expenses, and liabilities incurred in connection with any such Claim or any action or
proceeding brought thereon. In case any action or proceeding be brought against Landlord by reason of any such Claim, Tenant, upon
notice from Landlord, shall defend the same at Tenant’s expense by counsel reasonably satisfactory to Landlord; provided,
however, that Tenant shall not be liable in any case for damage to property or death or injury to person(s) occasioned by the negligence
or intentional misconduct of Landlord or Landlord’s Associates, unless covered by insurance Tenant is required to provide.

 

15       DAMAGE
OR DESTRUCTION

 

15.1        Loss
Covered by Insurance. If at any time prior to the expiration or termination of this Lease the Premises or the Property
is wholly or partially damaged or destroyed by any casualty which results in a loss to Landlord that is fully covered by insurance
maintained by Landlord or for Landlord’s benefit (or required to be maintained by Landlord pursuant to § 14.3 above),
which casualty renders the Premises totally or partially inaccessible or unusable by Tenant in the ordinary conduct of Tenant’s
business, the parties agree that the following provisions shall modify their obligations under this Lease after such damage or
destruction.

 

15.1.1    Repairs
Which Can Be Completed Within Six (6) Months. Within thirty (30) days after Tenant’s written notice to Landlord of such
damage or destruction, Landlord shall provide Tenant with notice of its determination of whether the damage or destruction can
be repaired within six (6) months after the commencement of the work of repairing such damage or destruction without the payment
of overtime or other premiums. If all repairs to Premises or Property can, in Landlord’s judgement, be completed within six
(6) months following the date of the commencement of the work of repairing such damage or destruction without the payment of overtime
or other premiums, Landlord shall, at Landlord’s expense, repair the same; and this Lease shall remain in full force and
effect, except that a proportionate reduction of the Base Rent shall be allowed Tenant to the extent that the Premises shall be
rendered inaccessible or unusable by Tenant and are not used by Tenant during the period of time that such portion is unusable
or inaccessible and not used by Tenant.

 

15.1.2    Repairs
Which Cannot Be Completed Within Six (6) Months. If all such repairs to the Property and Premises cannot, in Landlord’s
judgement, be completed within six (6) months following the commencement of the work of repairing such damage or destruction without
the payment of overtime or other premiums, Landlord shall notify Tenant of such determination; and in such an event, either Landlord
or Tenant may, at its option, upon written notice to the other party given within sixty (60) days after the occurrence of such
damage or destruction, elect to terminate this Lease as of the date of the occurrence of such damage or destruction. In the event
that neither Landlord nor Tenant elects to terminate the Lease in accordance with the foregoing provisions, then Landlord shall,
at Landlord’s expense, repair such damage or destruction; and in such event, this Lease shall continue in full force and
effect, except that the Base Rent shall be proportionately reduced as provided in § 15.1.1 above; provided, however, that
if any such repair is not commenced

 

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by Landlord within ninety (90) days after the
occurrence of such damage or destruction or is not substantially completed by Landlord within nine (9) months after the occurrence
of such damage or destruction, then in either such event Tenant may, at its option, upon written notice to Landlord, elect to terminate
this Lease as of the date of Landlord’s receipt of such notice. Notwithstanding the foregoing, Tenant shall have no right
to terminate this Lease in the situation just described if all of the following conditions are met: (x) Landlord shall have informed
Tenant in its notice of determination that the repair of such damage or destruction could not be substantially completed by Landlord
within nine (9) months after the occurrence of such damage or destruction; (y) Tenant shall not have elected to terminate the Lease
by written notice delivered to Landlord within sixty (60) days after the occurrence of such damage or destruction; and (z) Landlord
shall have commenced the work of repairing such damage or destruction.

 

15.2        Loss
Not Covered by Insurance. If at any time prior to the expiration or earlier termination of this Lease the Premises or
the Property is totally or partially damaged or destroyed in connection with a casualty, which loss to Landlord is not fully covered
by insurance maintained by Landlord or for Landlord’s benefit (or required to be maintained by Landlord pursuant to §
14.3 above); and if such damage renders the Premises inaccessible or unusable to Tenant for their intended purpose in the ordinary
course of its business, Landlord may, at its option, upon written notice given to Tenant within sixty (60) days after Tenant’s
written notice to Landlord of the occurrence of such damage or destruction, either (a) elect to repair or to restore such damage
or destruction or (b) elect to terminate this Lease. If Landlord elects to repair or restore such damage or destruction, this Lease
shall continue in full force and effect, except that the Base Rent shall be proportionately reduced as provided in § 15.1.1
above. If Landlord does not elect by notice to Tenant to repair such damage, the Lease shall terminate as of the date of Tenant’s
receipt of Landlord’s notice of election to terminate. Notwithstanding the foregoing, if all repairs to the Premises or the
Building cannot, in Landlord’s reasonable judgement, be completed within six (6) months following the date of the commencement
of the work of repairing such damage or destruction without the payment of overtime or other premiums, then either Landlord or
Tenant may at the option of either, upon written notice to the other party given within sixty (60) days after the occurrence of
such damage or destruction, elect to terminate this Lease as of the date of such notice.

 

15.3        Destruction
During Final Year. Notwithstanding anything to the contrary contained in §§ 15.1 and15.2, if the Premises
or the Building are wholly or partially damaged or destroyed within the final twelve (12) months of the Term of this Lease or,
if an applicable renewal option has been exercised, during the last year of any renewal term, in such a way that Tenant shall be
prevented from using the Premises for at least thirty (30) consecutive days as a result of such damage or destruction, then either
Landlord or Tenant may, at the option of either, by written notice to the other party delivered within sixty (60) days after the
occurrence of such damage or destruction, elect to terminate the Lease as of the date of such notice.

 

15.4        Destruction
of Tenant’s Property. Under no circumstances shall Landlord be required to repair any injury or damage to, or
make any repairs to or replacements of, Tenant’s Property. However, as part of Operating Expenses, Landlord shall cause to
be insured the Improvements in the Premises which do not consist of Tenant’s Property and shall cause such Improvements to
be repaired and restored at Landlord’s sole expense, except that Tenant shall pay any applicable deductible. Landlord shall
have no responsibility for any contents placed or kept in or on the Premises or the Property by Tenant or Tenant’s employees
or invitees or any other person claiming through Tenant.

 

15.5        Exclusive
Remedy. Landlord and Tenant agree that their respective rights and obligations in the event of any damage or destruction
of the Premises, Property, or Complex shall be governed exclusively by this Lease. Tenant, as a material inducement to Landlord
entering into this Lease, irrevocably waives and releases Tenant’s rights under California Civil Code §§ 1932(2),
1933(4), and 1942, as the same may be modified or replaced hereafter. No damages, compensation, setoff, allowance, or claim shall
be payable

 

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by Landlord for any inconvenience, interruption,
or cessation of Tenant’s business or any annoyance arising from any damage to or destruction of all or any portion of the
Premises, Property, or Complex.

 

16       EMINENT
DOMAIN

 

16.1        Condemnation.
If the whole or any material part of the Premises or Property shall be taken by power of eminent domain or condemned by any
competent authority for any public or quasi-public use or purpose; or if any adjacent property or street shall be so taken, condemned,
reconfigured, or vacated by such authority in such manner as to require the use, reconstruction, or remodeling of any part of the
Premises or Property; or if Landlord shall grant a deed or other instrument in lieu of such taking by eminent domain or condemnation
(collectively “Takings”), Landlord shall have the option to terminate this Lease upon ninety (90) days’ notice,
provided such notice is given no later than one hundred and eighty (180) days after the date of such Taking. Tenant shall have
reciprocal termination rights, on the same terms and conditions and to be exercised in the same manner as the foregoing sentence
provides, if the whole or any material part of the Premises is permanently taken, or if access to the Premises is permanently materially
impaired.

 

16.2        Rental
Apportionment. All Rent shall be apportioned as of the date of such termination or the date of such Taking, whichever
shall first occur. If any part of the Premises shall be taken, and this Lease shall not be so terminated, the Rent shall be proportionately
abated.

 

16.3        Awards
and Damages. Landlord shall be entitled to receive the entire award or payment in connection with any Taking, except
that Tenant shall have the right to file any separate claim available to Tenant for any taking of Tenant’s personal property
and fixtures belonging to Tenant and removable by Tenant upon expiration of the Term, and for moving expenses, so long as such
claim does not diminish the award available to Landlord and such claim is payable separately to Tenant.

 

16.4        Temporary
Condemnation. If part or all of the Premises are condemned for a limited period of time (“Temporary Condemnation”),
this Lease shall remain in effect. The Rent and Tenant’s obligations for the part of the Premises taken shall abate during
the Temporary Condemnation in proportion to the part of the Premises that Tenant is unable to use in its business operations as
a result of the Temporary Condemnation. Landlord shall receive the entire award for any Temporary Condemnation.

 

17       ASSIGNMENT
AND SUBLETTING

 

17.1        Consent
Required for Transfer. Tenant agrees that it shall not assign, sublet, mortgage, hypothecate, or encumber this Lease,
nor permit or allow the Premises or any part thereof to be used or occupied by others, without the prior written consent of Landlord
in each instance, which consent shall not be unreasonably withheld, conditioned, or delayed. The actions described in the foregoing
sentence are referred to collectively herein as “Transfers” and individually as a “Transfer.” If the Premises
or any part thereof be sublet or occupied by anybody other than Tenant, Landlord may, after default by Tenant, collect rent from
the subtenant or occupant and apply the net amount collected to the Rent herein reserved; but no Transfer, occupancy, or collection
shall be deemed a waiver of the provisions hereof, the acceptance of the subtenant or occupant as tenant, or a release of Tenant
from the further performance hereunder by Tenant. The consent by Landlord to a Transfer shall not relieve Tenant from obtaining
the Landlord’s express written consent to any further Transfer. In no event shall any permitted sublessee assign or encumber
its sublease or further sublet all or any portion of its sublet space, or otherwise suffer or permit the sublet space or any part
thereof to be used or occupied by others, without Landlord’s prior written consent in each instance.

 

17.1.1    Corporate Transferor. If Tenant
is a corporation, the provisions of § 17.1 shall apply to a transfer (by one or more transfers) of a majority of the stock
of Tenant as if such transfer of a majority of the stock of Tenant were an assignment of this Lease.

 

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17.2        Notice
of Intent to Transfer. If Tenant shall at any time or times during the Term of this Lease desire to assign this Lease
or sublet all or part of the Premises, Tenant shall give notice thereof (the “Transfer Notice”) to Landlord, which
notice shall set forth all of the following:

 

		(a)	the proposed terms of the assignment or subletting, including
(i) the effective or commencement date thereof, which shall be not less than thirty (30) nor more than one hundred eighty (180)
days after the giving of such notice; (ii) in the case of a proposed assignment, the consideration therefor; and (iii) in the
case of a proposed subletting, the rental rate to be paid by the proposed subtenant (including any escalation or Additional Rent
payable), the term of the proposed sublease (including any renewal options), any work to be performed or paid for by Tenant, the
amount of any security deposit, the cost and extent of any so-called “take-over” obligations to be assumed by Tenant
on behalf of such subtenant, the amount of any rent concessions to be granted by Tenant, and any other additional monetary or
so-called “business” terms or conditions;

 

		(b)	a statement setting forth in reasonable detail the identity
of the proposed assignee or subtenant, the nature of its business, and its proposed use of the Premises; and

 

		(c)	current financial information with respect to the proposed
assignee or subtenant, including its most recent financial report, and any other information which may reasonably be required
by Landlord.

 

17.3        Landlord’s
Recapture Right. The Transfer Notice shall be deemed an offer from Tenant to Landlord whereby Landlord (or Landlord’s
designee) may, at its option, terminate this Lease as to all or the affected portion of the Premises (as the case may be) as of
the effective date of the proposed Transfer. Landlord may exercise its recapture right by notice to Tenant at any time within thirty
(30) days after Landlord’s receipt of Tenant’s Transfer Notice; and during such thirty-day period Tenant shall not
assign this Lease nor sublet such space to any person.

 

17.3.1    Date of Termination. If Landlord
exercises its option to terminate this Lease as provided in § 17.3 above, this Lease shall end and expire on the date that
such Transfer was to be effective or commence, as the case may be, and the Base Rent and Additional Rent shall be paid and apportioned
to such date.

 

17.4        Conditions
of Consent. If Landlord does not exercise its recapture right pursuant to § 17.3 above, and providing that Tenant
is not in default of any of Tenant’s obligations under this Lease after notice and the expiration of any applicable grace
period, Landlord’s consent (which must be in writing and in form reasonably satisfactory to Landlord) to the proposed assignment
or sublease shall not be unreasonably withheld or delayed, provided the following conditions are met:

 

		(a)	Tenant shall have complied with the provisions of §
17.2 above, and Landlord shall not have exercised its recapture right pursuant to § 17.3 above within the time permitted
therefor;

 

		(b)	In Landlord’s reasonable judgement the proposed assignee
or subtenant is engaged in a business which would use the Premises, or the relevant part thereof, in a manner which is in keeping
with the then-current standards of the Building, is limited to the use expressly permitted under this Lease, and will not violate
any negative covenant or other restriction or agreement as to use contained in any other lease of space in the Complex;

 

		(c)	The proposed assignee or subtenant is a reputable entity
or person of good character and with reasonably sufficient financial worth considering the

 

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responsibility involved (and
in no event of less financial standing than Tenant), is not subject to any toxic or hazardous materials cleanup order with respect
to any other property, and Landlord has been furnished with reasonable proof thereof;

 

		(d)	Neither the proposed assignee or sublessee nor any
person which, directly or indirectly, controls, is controlled by, or is under common control with, the proposed assignee or sublessee
or any person who controls the proposed assignee or sublessee, is then an occupant of any part of the Complex, provided Landlord
then has suitable space in the Complex available for leasing. For purposes of this Lease control shall be deemed to mean
ownership of more than fifty percent (50%) of all the voting stock of a corporation or more than fifty percent (50%) of all the
legal and equitable interest in any other business entity;

 

		(e)	The proposed assignee or sublessee is not a person or entity with whom Landlord is then negotiating
to lease space in the Building;

 

		(f)	The form of the proposed lease shall be in form reasonably satisfactory to Landlord and shall comply
with the applicable provisions of this Article 17;

 

		(g)	There shall not be more than two (2) subtenants (not including the Permitted Occupant (as defined
in § 17.14 below) of the Premises);

 

		(h)	The amount of the aggregate rent to be paid by the proposed subtenant is not less than the then-current
market rent per rentable square foot for comparable space in the Complex, as though the Premises were vacant, and the rental and
other terms and conditions of the sublease are the same as those contained in the proposed sublease furnished to Landlord in the
Transfer Notice pursuant to § 17.2 above;

 

		(i)	Tenant shall reimburse Landlord on demand for any reasonable costs that may be incurred or paid
by Landlord to third persons in connection with said assignment or sublease, including costs of making investigations as to the
acceptability of the proposed assignee or subtenant and legal costs incurred in connection with the granting of any requested consent;
and

 

		(j)	Tenant shall not have advertised or publicized in any way the availability of the Premises without
prior notice to and approval by Landlord, nor shall any advertisement state the name (as distinguished from the address) of the
Complex or the rental rate;

 

		(k)	Tenant shall not have listed the Premises for subletting or assignment at a rental rate less than
the greater of (i) the Base Rent and Additional Rent then payable hereunder for such space or (ii) the Base Rent and Additional
Rent at which Landlord is then offering to lease other comparable space in the Building; and

 

		(l)	The sublease shall not allow the use of the Premises or any part thereof for (i) the sale of food
for on or off-premises consumption or (ii) use by a foreign or domestic governmental agency.

 

Whether or not Landlord shall grant
consent, Tenant shall pay $500.00 towards Landlord’s review and processing expenses in connection with any Transfer request,
as well as any reasonable legal fees incurred by Landlord up to a maximum of Five Hundred Dollars ($500.00), within thirty (30)
days after written request by Landlord.

 

17.5       Continuation
of Lease Terms. Each subletting pursuant to this Article 17 shall be subject to all of the covenants, agreements, terms,
provisions, and conditions contained in this Lease. Notwithstanding any such subletting to any other subtenant and/or acceptance
of Rent by Landlord from any subtenant,

 

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Tenant shall remain liable for
the payment of the Base Rent and Additional Rent due and to become due hereunder and for the performance of all the
covenants, agreements, terms, provisions, and conditions contained in this Lease on the part of Tenant to be performed and
all acts and omissions of any licensee or subtenant or anyone claiming under or through any subtenant which shall be in
violation of any of the obligations of this Lease; and any such violation shall be deemed to be a violation by Tenant. Tenant
further agrees that notwithstanding any such subletting, no other and further subletting of the Premises by Tenant or any
person or entity claiming through or under Tenant shall or will be made except upon compliance with and subject to the
provisions of this Article 17. If Landlord shall decline to give its consent to any proposed assignment or sublease, or if
Landlord shall exercise its recapture right under § 17.3 above, Tenant shall indemnify, defend, protect, and hold
Landlord harmless against and from any and all Claims resulting from any Claims that may be made against Landlord by the
proposed assignee or sublessee or by any brokers or other persons claiming a commission or similar compensation in connection
with the proposed assignment or sublease.

 

17.6       Lapse
of Consent. In the event that Landlord consents to a proposed Transfer
described in the Transfer Notice and Tenant fails to execute and deliver the assignment or sublease described in the Transfer
Notice to which Landlord consented within one hundred twenty (120) days after the giving of such consent, then Tenant shall again
comply with all of the provisions and conditions of § 17.2 above before assigning this Lease or subletting all or part of
the Premises.

 

17.7       Transfer
Documentation. With respect to each and every Transfer authorized by Landlord
under the provisions of this Lease, it is further agreed as follows:

 

		(a)	no subletting shall be for a term ending later than one day prior to the Expiration Date of this
Lease;

 

		(b)	no sublease shall be valid, and no subtenant shall take possession of the Premises or any part
thereof, until an executed counterpart of such sublease has been delivered to Landlord;

 

		(c)	each sublease shall provide that it is subject and subordinate
to this Lease and to the matters to which this Lease is or shall be subordinate, and that in the event of termination (whether
by voluntary surrender or otherwise), re-entry, or dispossession by Landlord under this Lease, Landlord may, at its option, take
over all of the right, title, and interest of Tenant, as sublessor, under such sublease, and such subtenant shall, at Landlord’s
option, attorn to Landlord pursuant to the then-executory provisions of such sublease, except that Landlord shall not be (i) liable
for any previous act or omission of Tenant under such sublease; (ii) subject to any offset, credit, or allowance not expressly
provided in such sublease which theretofore accrued to such subtenant against Tenant or (iii) bound by any previous modification
of such sublease or by any previous prepayment of more than one month’s rentals; and

 

		(d)	each assignment or sublease document must provide that the assignee or subtenant expressly assumes
all obligations of the Tenant under the Lease as joint and several obligations without any release of Tenant.

 

17.8       Transfer
Premium. If Landlord shall give its consent to any assignment of this Lease
or to any sublease, Tenant shall in consideration therefor pay to Landlord, as Additional Rent, the following amounts (collectively
the “Transfer Premium”):

 

		(a)	in the case of an assignment, an amount equal to fifty percent (50%) of all sums and other considerations
paid to Tenant by the assignee for or by reason of such assignment, including sums paid for the sale of Tenant’s Property,
but excluding

 

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the following: (i) in the case
of a sale of Tenant’s Property, the then-current net unamortized or undepreciated cost thereof determined on the basis of
Tenant’s federal income tax returns; (ii) then-customary brokerage commissions being paid by Landlord for leasing of space
in the Building or, if less, the brokerage commission paid by Tenant in connection with the assignment; (iii) reasonable legal
fees and disbursements; and (iv) reasonable amounts paid by Tenant for tenant improvements constructed for the assignee; and

 

		(b)	in the case of a sublease, fifty percent (50%) of any rents,
additional charge, or other consideration payable under the sublease to Tenant by the subtenant which is in excess of the Base
Rent and Additional Rent accruing during the term of the sublease in respect of the subleased space (at the rate per square foot
payable by Tenant hereunder) pursuant to the terms hereof, including sums paid for the sale or rental of Tenant’s Property,
but excluding the following: (i) in the case of the sale or lease of Tenant’s Property, the then-current net unamortized
or undepreciated cost thereof determined on the basis of Tenant’s federal income tax returns; (ii) then-customary brokerage
commissions being paid by Landlord for leasing of space in the Building or, if less, the brokerage commission paid by Tenant in
connection with the sublease; (iii) reasonable legal fees and disbursements; and (iv) reasonable amounts paid by Tenant for tenant
improvements constructed for the subtenant.

 

The sums payable as the Transfer Premium
under this § 17.8 shall be paid to Landlord as and when payable by the subtenant or assignee to Tenant.

 

17.9       Assumption
by Transferee Any Transfer, whether made with Landlord’s consent pursuant to § 17.1 or without Landlord’s
consent pursuant to § 17.1.1, shall be made only if, and shall not be effective until, the assignee or subtenant shall execute,
acknowledge, and deliver to Landlord an agreement in form and substance satisfactory to Landlord under which the assignee or transferee
shall assume the obligations of this Lease on the part of Tenant to be performed or observed, from and after the date of Transfer,
and whereby the assignee or transferee shall agree that the provisions in § 17.1 shall, notwithstanding such Transfer, continue
to be binding upon it in respect of all future Transfers. The original named Tenant covenants that, notwithstanding any Transfer,
whether or not in violation of the provisions of this Lease, and notwithstanding the acceptance of Base Rent and/or Additional
Rent by Landlord from an assignee, transferee, or any other party, the original named Tenant shall remain fully liable for the
payment of the Base Rent and Additional Rent and for the other obligations of this Lease on the part of Tenant to be performed
or observed.

 

17.10     No
Waiver or Discharge. The joint and
several liability of Tenant and any immediate or remote successor in interest of Tenant and the due performance of the obligations
of this Lease on Tenant’s part to be performed or observed shall not be discharged, released, or impaired in any respect
by any agreement or stipulation made by Landlord extending the time of, or modifying any of the obligations of, this Lease, or
by any waiver or failure of Landlord to enforce any of the obligations of this Lease.

 

17.11     Listing
of Name. The listing of any name other than that of Tenant, whether on
the doors of the Premises or the Building directory, or otherwise, shall not operate to vest any right or interest in this Lease
or in the Premises, nor shall it be deemed to be the consent of Landlord to any Transfer of this Lease or to any sublease of the
Premises or to the use or occupancy of the Premises by others.

 

17.12     Net
Profits Agreement. Anything contained
in the foregoing provisions of this Article 17 to the contrary notwithstanding, neither Tenant nor any other person or entity
having an interest in the possession, use, occupancy, or utilization of the Premises shall enter into any lease, sublease, license,

 

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concession, or other agreement for use, occupancy,
or utilization of space in the Premises which provides for rental or other payment for such use, occupancy, or utilization based,
in whole or in part, on the net income or profits derived by any person from the premises leased, used, occupied, or utilized
(other than an amount based on a fixed percentage or percentages of receipts or sales); and any such purported lease, sublease,
license, concession, or other agreement shall be absolutely void and ineffective as a conveyance of any right or interest in the
possession, use, occupancy, or utilization of any part of the Premises.

 

17.13     Affiliates.
Notwithstanding anything to the contrary in this Article 17, Landlord’s consent shall not be required in the event Tenant
desires to assign this Lease or sublet the Premises or any portion thereof to any corporation or entity which controls, is controlled
by, or is under common control with Tenant, provided and subject to the following conditions:

 

		(a)	Tenant shall not be in default of any of the terms, covenants, or conditions on Tenant’s
part to observe or perform hereunder;

 

		(b)	such sublet or assignment shall be subject to all of the terms, covenants, and conditions of this
Lease;

 

		(c)	Tenant shall notify Landlord of such sublet or assignment in accordance with § 17.2 hereof
and furnish Landlord with reasonably satisfactory evidence that such sublessee or assignee controls, is controlled by, or is under
common control with Tenant; and

 

		(d)	in the event of such merger, consolidation, or transfer
of substantially all of Tenant’s assets, the successor to Tenant has a net worth, computed in accordance with generally-accepted
accounting principles, at least equal to the greater of (i) the net worth of Tenant immediately prior to such merger, consolidation,
or transfer or (ii) the net worth of Tenant herein named on the date of this Lease; and proof satisfactory to Landlord of such
net worth shall have been delivered to Landlord at least ten (10) days prior to the effective date of any such transaction.

 

As used herein, the terms control
and common control shall be deemed to mean the ownership of fifty percent (50%) or more of all of the issued and outstanding
voting shares of such corporation, or fifty percent (50%) or more of all the legal and equitable interest in any such business
entities.

 

17.14     Permitted
Occupants. Landlord hereby agrees that the provisions of this Article 17
shall not apply to the shared occupancy of individual offices in the Premises with Tenant by individuals renting not more than
one (1) such office (the “Permitted Occupant”), provided that the space occupied by the Permitted Occupant shall not
be separately demised or contain separate entrances, demarcations, or reception areas and the occupancy by the Permitted Occupant
shall be upon and subject to all of the terms and conditions of this Lease.

 

18       SUBORDINATION
AND ATTORNMENT

 

18.1       Subordination
of Lease. This Lease and all rights of Tenant hereunder are and shall be
subject and subordinate in all respects to (a) all ground leases, overriding leases, and underlying leases of the Building, Property,
and/or the Complex now or hereafter existing; (b) all mortgages which may now or hereafter affect the Building, Property, or Complex
and any of such leases, whether or not such mortgages shall also cover other lands and/or buildings; (c) each and every advance
made or hereafter to be made under such mortgages; and (d) to all renewals, modifications, replacements, and extensions of such
leases and such mortgages and spreaders and consolidations of such mortgages. This § 18.1 shall be self-operative, and no
further instrument of subordination shall be required. In confirmation of such subordination, Tenant shall promptly execute and
deliver any instrument that Landlord, the lessor of any such lease or the holder (“Holder”) of any such mortgage or
any of their respective successors in interest

 

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may reasonably request to evidence
such subordination. The leases to which this Lease is, at the time referred to, subject and subordinate pursuant to this Article
18 are hereinafter sometimes referred to as “Superior Leases”; the mortgages to which this Lease is, at the time referred
to, subject and subordinate are hereinafter sometimes referred to as “Superior Mortgages”; and the lessor of a superior
lease or its successor in interest at the time referred to is sometimes hereinafter referred to as a “Lessor.” Notwithstanding
the foregoing, Tenant agrees, upon written request from Landlord or any Holder or Lessor, to reorder the relative priority of
the Lease with respect to any particular Superior Mortgage or Superior Lease so as to subordinate the lien of any such Superior
Mortgage or Superior Lease to the Lease. Tenant agrees to execute any instrument which Landlord or any Holder or Lessor may present
in order to effect such prioritization of the Lease, provided that such instrument does not modify any material term of the Lease
or increase Tenant’s obligations thereunder.

 

18.2       Notice
and Cure Right. In the event of any
action or omission of Landlord which would give Tenant the right, immediately or after lapse of a period of time, to cancel or
terminate this Lease, or to claim a partial or total eviction, Tenant shall not exercise such right unless and until (i) Tenant
shall have given written notice of such act or omission to the Holder of each Superior Mortgage and the Lessor of each Superior
Lease whose name and address shall previously have been furnished to Tenant in writing; and (ii) unless such act or omission shall
be one which is not capable of being remedied by Landlord or such mortgage Holder or Lessor within a reasonable period of time,
a reasonable period for remedying such act or omission shall have elapsed following the giving of such notice and following the
time when such Holder or Lessor shall have become entitled under such Superior Mortgage or Superior Lease, as the case may be,
to remedy the same (which reasonable period shall in no event be less than the period to which Landlord would be entitled under
this Lease or otherwise, after similar notice, to effect such remedy), provided such Holder or Lessor shall with due diligence
give Tenant written notice of intention to remedy such act or omission and shall thereafter diligently and continuously prosecute
such cure to completion.

 

18.3       Attornment.
If the Lessor of a Superior Lease or the Holder of a Superior Mortgage shall succeed to the rights of Landlord under this
Lease, whether through possession or foreclosure action or delivery of a new lease or deed, then at the request of such party
so succeeding to Landlord’s rights or other person having or acquiring title by virtue of such foreclosure or termination
(herein sometimes referred to as “Successor Landlord”) and upon such Successor Landlord’s written agreement
to accept Tenant’s attornment, Tenant shall attorn to and recognize such Successor Landlord as Tenant’s landlord under
this Lease and shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence
such attornment. Upon such attornment this Lease shall continue in full force and effect as a direct lease between the Successor
Landlord and Tenant upon all of the terms, conditions, and covenants in this Lease, except as follows:

 

		(a)	the Successor Landlord shall not be liable for any previous act or omission of Landlord under this
Lease;

 

		(b)	the Successor Landlord shall not be subject to any offset (unless expressly provided for in this
Lease) which shall have theretofore accrued to Tenant against Landlord;

 

		(c)	the Successor Landlord shall not be bound by any previous modification of this Lease, unless expressly
provided for in this Lease, or by any previous prepayment of more than one month’s Base Rent, unless such modification or
prepayment shall have been expressly approved in writing by the Lessor of the Superior Lease or the Holder of the Superior Mortgage
through or by reason of which the Successor Landlord shall have succeeded to the rights of Landlord under this Lease.

 

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19       FINANCING REQUIREMENTS

 

19.1       Lender-Requested
Modifications. If, in connection with obtaining financing or refinancing
for the Property or Complex a prospective lender shall request reasonable modifications to this Lease as a condition to such financing
or refinancing, Tenant shall not withhold, delay, or unreasonably condition its consent thereto. It is agreed that, among the
modifications which shall be deemed reasonable, are modifications to the subordination and attornment provisions of this Lease,
modifications to the notice provisions of this Lease, modifications to the provisions of this Lease which permit the lender to
cure any defaults by Landlord, and modifications to the provisions which grant additional time to cure as may be reasonably required
by the lender.

 

19.2       Failure
to Comply. If Tenant fails or refuses to execute and deliver to Landlord,
within fifteen (15) days after written notice to do so, the amendment(s) to this Lease accomplishing such reasonable modification(s),
Landlord, at its sole option, such failure shall constitute an Event of Default hereunder.

 

20       DEFAULT

 

20.1       Tenant’s
Default. Tenant’s failure to perform any of its obligations under
this Lease when due and in the manner required shall constitute a material breach and default (“Event of Default”)
of this Lease by Tenant, subject to any cure period(s) permitted or available under applicable laws or statutes. In addition,
the following shall also be deemed Events of Default hereunder; provided, however that, notwithstanding anything to the contrary
herein, Landlord agrees with respect to any non-monetary Event of Default that no Event of Default shall be deemed to exist if
Tenant cures such non-monetary Event of Default within thirty (30) days after the date of written notice from Landlord, or, if
such non-monetary Event of Default cannot reasonably be cured within such 30-day period, if Tenant begins its cure within such
30-day period and thereafter diligently and continuously prosecutes such cure to completion:

 

		(a)	Tenant’s failure to take possession of the Premises for a period of sixty (60) days or longer
after the Commencement Date;

 

		(b)	Tenant’s abandonment or vacation of the Premises;

 

		(c)	any material misrepresentation or omission herein or in any financial statements or other materials
provided by Tenant or any Guarantor in connection with negotiating or entering this Lease or in connection with any Transfer under
Article 17;

 

		(d)	cancellation of any guaranty of this Lease by any Guarantor;

 

		(e)	failure by Tenant to cure within any applicable times permitted thereunder any default under any
other lease for space in the Complex or any other buildings owned or managed by Landlord or its affiliates now or hereafter entered
by Tenant; and any Default hereunder not cured within the times permitted for cure herein shall, at Landlord’s election,
constitute a default under any other such lease or leases;

 

		(f)	The levy of a writ of attachment or execution on this Lease or on any of Tenant’s property;

 

		(g)	Tenant’s or any Guarantor’s general assignment for the benefit of creditors or arrangement,
composition, extension, or adjustment with its creditors;

 

		(h)	Tenant’s or any Guarantor’s filing of a voluntary petition for relief, or the filing
of a petition against Tenant or any Guarantor in a proceeding under the Federal Bankruptcy laws or other insolvency laws which
is not withdrawn or dismissed

 

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within forty-five (45) days thereafter;
or, under the provisions of any law providing for reorganization or winding up of corporations, the assumption by any court of
competent jurisdiction of jurisdiction, custody, or control of Tenant or any substantial part of its property, or of any Guarantor,
where such jurisdiction, custody, or control remains in force unrelinquished, unstayed, or unterminated for a period of forty
five (45) days;

 

		(i)	In any proceeding or action in which Tenant is a party, the appointment of a trustee, receiver,
agent, or custodian to take charge of the Premises or Tenant’s Property for the purpose of enforcing a lien against the Premises
or Tenant’s Property; or

 

		(j)	If Tenant or any Guarantor is a partnership or consists of more than one (1) person or entity,
the involvement of any partner of the partnership or other person or entity in any of the acts or events described in subsections
(i) through (l) above.

 

20.2       Landlord’s
Remedies. Upon the occurrence of an Event of Default hereunder, Landlord
shall have the right, in addition to any other rights or remedies Landlord may have under Laws, at Landlord’s option, without
further notice or demand of any kind, to elect to do one of the following alternatives:

 

		(i)	Terminate this Lease and Tenant’s right to possession of the Premises, re-enter the Premises,
and take possession thereof; and Tenant shall have no further claim to the Premises or under this Lease; or

 

		(ii)	Continue this Lease in effect and collect any unpaid Rent or other charges which have theretofore
accrued or which thereafter become due and payable. It is intended hereunder that Landlord have the remedy described in California
Civil Code § 1951.4, which provides that a landlord may continue a lease in effect after a tenant’s breach and abandonment
and recover rent as it becomes due, if tenant has the right to sublease or assign, subject only to reasonable limitations.

 

In the event of any re-entry or
retaking of possession by Landlord, Landlord shall have the right, but not the obligation, to remove all or any part of Tenant’s
Property from the Premises and to place such property in storage at a public warehouse at the expense and risk of Tenant.

 

20.2.1    No
Waiver of Default. The waiver by Landlord of any Event of Default or of any other breach of any term, covenant, or condition
of this Lease shall not be deemed a waiver of such term, covenant, or condition or of any subsequent breach of the same or any
other term, covenant, or condition. Acceptance of Rent by Landlord subsequent to any Event of Default or breach hereof shall not
be deemed a waiver of any preceding Event of Default or breach other than the failure to pay the particular Rent so accepted, regardless
of Landlord’s knowledge of any breach at the time of such acceptance of Rent. Landlord shall not be deemed to have waived
any term, covenant, or condition of this Lease, unless Landlord gives Tenant written notice of such waiver. Tenant should not rely
upon Landlord’s failure or delay in enforcing any right or remedy hereunder.

 

20.2.2    Landlord’s
Right to Cure. If Tenant defaults in the performance of any of its obligations under this Lease, Landlord may (but shall not
be obligated to), without waiving such default, perform the same for the account and at the expense of Tenant. Tenant shall pay
Landlord all costs of such performance promptly upon receipt of a bill therefor.

 

20.3       Damages.
Should Landlord elect to terminate this Lease under the provisions of § 20.2 (i) above, Landlord may recover as
damages from Tenant the following:

 

		(a)	Past Rent: The worth at the time of the award of any unpaid Rent which had been earned
at the time of termination; plus

 

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		(b)	Rent Prior to Award:
The worth at the time of the award of the amount by which the unpaid Rent which would have been earned after termination
until the time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus

 

		(c)	Rent After Award: The worth at the time of the award of the amount by which the unpaid
Rent for the balance of the Term after the time of award exceeds the amount of the rental loss that Tenant proves could have been
reasonably avoided; plus

 

		(d)	Proximately Caused Damages: Any other amount
necessary to compensate Landlord for all detriment proximately caused by Tenant’s failure to perform its obligations under
this Lease or which in the ordinary course of things would be likely to result therefrom, including, but not limited to, any costs
or expenses (including attorneys’ fees), incurred by Landlord in (i) retaking possession of the Premises; (ii) maintaining
the Premises after Tenant’s default; (iii) preparing the Premises for reletting to a new tenant, including any repairs or
alterations; and (iv) reletting the Premises, including brokers’ commissions.

 

“The worth at the time of the
award” as used in subsections (a) and (b) above is to be computed by allowing interest at the rate of ten percent (10%) per
annum or, if different, the legal rate then applicable in California. “The worth at the time of the award” as used
in subsection (c) above is to be computed by discounting the amount at the discount rate of the Federal Reserve Bank situated nearest
to the Premises at the time of the award plus one percent (1%).

 

20.4       Landlord’s
Default. If Landlord fails to perform any covenant, condition, or agreement contained in this Lease within thirty (30)
days after receipt of written notice from Tenant specifying a default and the relevant Lease provision, or if Landlord fails within
that thirty-day period after notice to commence to cure any such default which cannot reasonably be cured within thirty (30) days,
then, subject to § 21.1 below, Landlord shall be liable to Tenant for any damages sustained by Tenant as a result of Landlord’s
breach. Tenant shall not have the right to terminate this Lease or to withhold, reduce, or offset any amount against any payments
of Rent or any other charges due and payable under this Lease, except to the extent that a specific Lease provision permits such
termination or withholding, reduction, or offset of Rent.

 

20.5       Holder’s
Right to Cure. Tenant shall give any Holder a copy, by registered mail, of any notice of default served upon Landlord,
provided that Tenant previously has been notified in writing of the address of such Holder. If Landlord fails to cure such default
within the time provided in this Lease, any such Holder shall have an additional forty-five (45) days within which to cure such
default by Landlord or, if such default cannot reasonably be cured within that time, such additional time as may be necessary,
provided that within such forty-five (45) day period the Holder has commenced and is pursuing the remedies necessary to cure such
default (including commencement of foreclosure proceedings, if necessary to effect such cure), in which event this Lease shall
not be terminated while such remedies are being so pursued.

 

20.6       Survival
of Remedies. The remedies permitted under this Article 20, the parties’ indemnities under §§ 14.4.3,
14.4.4, and14.4.5, and § 29.5 below shall survive the termination of this Lease.

 

21       LIMITATIONS
ON LANDLORD’S LIABILITY

 

21.1       Personal
Liability. The liability of Landlord to Tenant for any default by Landlord under this Lease or arising in connection
herewith or with Landlord’s operation, management, leasing, repair, renovation, alteration, or any other matter relating
to the Property or the Premises shall be limited to the interest of Landlord in the Property (and the rental proceeds thereof).
Under no circumstances shall Landlord ever be liable for consequential or punitive damages, including damages for lost profits
or for

 

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business interruption. Tenant agrees
to look solely to Landlord’s interest in the Property (and the rental proceeds thereof) for the recovery of any judgement
against Landlord, and Landlord shall not be personally liable for any such judgement or deficiency after execution thereon. The
limitations of liability contained in this Article 21 shall apply equally and inure to the benefit of Landlord’s present
and future partners, beneficiaries, officers, directors, trustees, shareholders, agents, and employees, and their respective partners,
heirs, successors, and assigns. Under no circumstances shall any present or future general or limited partner of Landlord (if
Landlord is a partnership), or trustee or beneficiary (if Landlord or any partner of Landlord is a trust) or corporate officer,
director, or shareholder (if Landlord or any partner of Landlord is a corporation or company) or member (if Landlord is a limited
liability company) have any liability for the performance of Landlord’s obligations under this Lease.

 

21.2       Liability
upon Transfer. The term Landlord as used in this Lease, so far as covenants or obligations on the part of the
Landlord are concerned, shall be limited to mean and include only the owner or owners, at the time in question, of the fee title
to, or a lessee’s interest in a ground lease or master lease of the Property. In the event of any transfer, assignment,
or other conveyance or transfer of any such title or interest, Landlord herein named (and in case of subsequent transfers or conveyances,
the current grantor) shall be automatically freed and relieved from and after the date of such transfer, assignment, or conveyance
of all liability with respect to the performance of any covenants or obligations on the part of Landlord contained in this Lease
thereafter to be performed; and, without further agreement, the transferee of such title or interest shall be deemed to have assumed
and agreed to observe and perform any and all obligations of Landlord hereunder, during its ownership of the Premises. Landlord
may transfer its interest in the Premises without the consent of Tenant, and such transfer or subsequent transfer shall not be
deemed a violation on Landlord’s part of any of the terms and conditions of this Lease.

 

22       ESTOPPEL
CERTIFICATES

 

22.1       Request
and Delivery. Within ten (10) days following any written request Landlord may make from time to time, Tenant without
any charge therefor, shall execute, acknowledge, and deliver a statement certifying the following: (a) the Commencement Date of
this Lease; (b) the fact that this Lease is unmodified and in full force and effect or, if there have been modifications hereto,
that this Lease is in full force and effect, as modified, and stating the date and nature of such modifications; (c) the date
to which the Rent and other sums payable under this Lease have been paid; (d) the fact that there are no current defaults under
this Lease by either Landlord or Tenant except as specified in the statement; and (e) such other matters as may be reasonably
requested by Landlord. Landlord and Tenant intend that any statement delivered pursuant to this Article 22 may be relied upon
by any Holder, Lessor, beneficiary, purchaser, or prospective purchaser of the Building, the Complex, or any interest therein.
Tenant’s failure to deliver any such statement within the specified ten-day period shall constitute a material default hereunder,
and Tenant shall indemnify, defend, protect, and hold Landlord harmless from and against any and all Claims which Landlord may
sustain or incur as a result of or in connection with Tenant’s failure or delay in delivering such statement.

 

22.2       Election
to Sell Building. If Landlord elects to sell the Building or to obtain loans secured by a lien on the Building, Tenant,
promptly after demand, shall include with the estoppel certificate(s) provided to any prospective purchaser or lender as required
under this Article 22 any financial statements of Tenant reasonably required by the purchaser or lender. The financial statements
so provided shall be kept confidential as to any parties other than the purchaser or lender.

 

23       NOTICES

 

23.1       Manner
of Delivery. Any notice required or permitted under this Lease shall be in writing and shall be delivered in at least
one of the following ways: (a) personally or by private hand-delivery

 

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messenger service; (b) by depositing
the same in the United States mail, postage prepaid, registered or certified, return receipt requested; (c) by depositing such
notice, postage prepaid, with Federal Express or another nationally-recognized private overnight delivery service; or (d) by any
other means permitted or required by applicable California law or statutes relevant in the context in which such notice is given.
Each such notice shall be addressed to the intended recipient at such party’s address set forth as follows, or at such other
address as such party has theretofore specified by written notice delivered in accordance with this § 23.1:

 

if to Landlord:

 

KASHIWA FUDOSAN AMERICA, INC.

c/o RiverRock Real Estate Group, Inc.

Attn: Property Manager

400 Oyster Point Boulevard, Suite 117

South San Francisco, CA 94080

 

copy to:

 

Metro Properties, LLC, Agent

Attn: Oyster Point Asset Manager

11150 West Olympic Boulevard, Suite 1090

Los Ángeles, CA 90064

 

if to Tenant:

 

ESSA PHARMACEUTICALS CORP.

Attn: General Manager

400 Oyster Point Boulevard, Suite 520

South San Francisco, CA 94080

 

copy to:

 

ESSA PHARMA INC.

Attn: Chief Financial Officer

Suite 720 – 999 West Broadway

Vancouver, BC V5Z 1K5

CANADA

 

23.2       Required
Contents. Every notice (other than the giving or withholding of consent or approval under the provisions of the Lease)
given to a party shall state the section of the Lease pursuant to which the notice is given; the period of time within which the
recipient of the notice must respond (or, if no response is required, a statement to that effect); and if applicable, that the
failure to object to the notice within the stated time period will be deemed to be the equivalent of the recipient’s approval,
consent to, or satisfaction with the subject matter of the notice.

 

23.3       Presumption
of Receipt. Any notice delivered personally or by private messenger service shall be deemed delivered on the next day
following the deposit of such notice at the recipient’s address. Any notice delivered by Federal Express or another nationally-recognized
private overnight delivery service shall be deemed delivered on the earlier of (y) the second day following deposit thereof with
the carrier or (z) the delivery date shown on the carrier’s record of delivery. Any notice delivered by mail in the manner
specified in § 23.1 shall be deemed delivered on the earlier of (a) the third day following deposit thereof in the United
States Mail or (b) the delivery date shown on the return receipt prepared in connection therewith. Refusal by Tenant or Landlord
to accept either certified or registered mail shall constitute a waiver of such notice by the respective party.

 

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24       BROKERS

 

24.1       Tenant’s
Representation. Tenant represents and warrants to Landlord that Tenant has dealt with no broker in connection with
this Lease other than Cushman & Wakefield of California, Inc. Tenant shall be responsible for all foreseeable consequences
of damages (including attorneys’ fees and costs) resulting from any claims that may be asserted against Landlord by any
other broker, finder, or other person with whom Tenant has or purportedly has dealt in connection with this Lease, and Tenant
agrees to indemnify, defend, protect, and hold Landlord harmless in connection with any such Claims which may be asserted.

 

25       RIGHTS
RESERVED TO LANDLORD

 

25.1       Access
to Property. All of the Property except the inside surfaces of all walls, windows, and doors bounding the Premises
(including exterior Building walls, core corridor walls and doors, and any core corridor entrance) and any space in or adjacent
to the Premises used for shafts, stacks, pipes, conduits, fan rooms, ducts, electric, or other utilities, sinks or other Building
facilities, and the use thereof, as well as access thereto through the Premises for the purpose of operation, maintenance, decoration,
and repair, are reserved to Landlord. Tenant shall permit Landlord to install, use, replace, and maintain pipes, ducts, and conduits
within the demising walls, bearing columns, and ceilings of the Premises.

 

25.2       Control
of Property. Except to the extent expressly limited herein, Landlord reserves full rights to control the Property (which
rights may be exercised without subjecting Landlord to claims for constructive eviction, abatement of Rent, damages, or other
claims of any kind), including more particularly the following rights:

 

		(a)	Name, Address, Access. To change the name or street address of the Property; install and
maintain signs on the exterior and interior of the Property; retain at all times, and use in appropriate instances, keys to all
doors within and into the Premises; grant to any Person the right to conduct any business or render any service at the Property,
whether or not it is the same or similar to the use permitted Tenant by this Lease; and have access for Landlord and other tenants
of the Property to any mail chutes located on the Premises according to the rules of the United States Postal Service.

 

		(b)	Entry into Premises. To enter the Premises at reasonable hours for reasonable purposes,
including inspection and supplying cleaning service or other services to be provided Tenant hereunder, to show the Premises to
current and prospective lenders, ground lessors, insurers, and prospective purchasers, tenants and brokers, at reasonable hours;
and if Tenant shall abandon the Premises at any time, or shall vacate the same during the last three (3) months of the Term, to
decorate, remodel, repair, or alter the Premises.

 

		(c)	Safety Measures. To limit or prevent access to the Property, shut down elevator service,
activate elevator emergency controls, or otherwise take such action or preventative measures deemed necessary by Landlord for the
safety of tenants or other occupants of the Property or the protection of the Property and other property located thereon or therein,
in case of fire, invasion, insurrection, riot, civil disorder, public excitement or other dangerous condition, or threat thereof.

 

		(d)	Improvements. To decorate and to make alterations, additions and improvements, structural
or otherwise, in or to the Property or any part thereof, and any adjacent building, structure, parking facility, land, street or
alley (including changes and reductions in corridors, lobbies, parking facilities and other public areas and the installation of
kiosks, planters, sculptures, displays, escalators, mezzanines, and

 

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other structures, facilities,
amenities and features therein, and changes for the purpose of connection with or entrance into or use of the Property in conjunction
with any adjoining or adjacent building or buildings, now existing or hereafter constructed). In connection with such matters,
or with any other repairs, maintenance, improvements or alterations, in or about the Property, Landlord may erect scaffolding
and other structures reasonably required, and during such operations may enter upon the Premises and take into and upon or through
the Premises, all materials required to make such repairs, maintenance, alterations or improvements, and may close public entry
ways, other public areas, restrooms, stairways or corridors.

 

25.3       Landlord’s
Right to Maintain. Except as expressly otherwise provided in this Lease, Landlord shall have no liability to Tenant
by reason of any inconvenience, annoyance, interruption, or injury to business arising from Landlord’s making any repairs
or changes which Landlord is required or permitted to make by this Lease, by any other lease or agreement affecting the Property,
or by Law, in or to any portion of the Property, Complex, or the Premises, including the Systems and Equipment and appurtenances
of the Property or the Premises, provided that Landlord shall use due diligence with respect thereto and shall perform such work,
except in case of emergency, at times reasonably convenient to Tenant and otherwise in such manner as will not materially diminish
Tenant’s beneficial enjoyment of the Premises for their intended use.

 

25.4       Reasonable
Notice. In connection with entering the Premises to exercise any of the foregoing rights, Landlord shall: (a) provide
reasonable advance written or oral notice to Tenant’s on-site manager or other appropriate person (except in emergencies,
or for routine cleaning or other routine matters), and (b) take reasonable steps to avoid any unreasonable interference with Tenant’s
business.

 

26       BUILDING
PLANNING

 

26.1       Relocation
Right. In the event Landlord requires the Premises for use in conjunction with another suite or for other reasons connected
with Landlord’s planning program for the Building, upon notifying Tenant in writing, Landlord shall have the right to move
Tenant to other space in the Building or in the Complex, provided such space is not more than ten percent (10%) larger than the
Premises. If Landlord elects to move Tenant to such other space, Landlord shall pay for (a) all direct, out-of-pocket, reasonable
expenses of Tenant in moving from the Premises to the new space and (b) the cost of improving the new space so that the level
of improvements in the new space is comparable to the level of improvements in the Premises. All the terms and conditions of the
original Lease shall remain in full force and effect, except that (i) a revised Exhibit B shall become a part of this Lease
and shall reflect the location of the new space; and (ii) Tenant agrees to execute promptly upon notice from Landlord an amendment
to this Lease amending the Table and corresponding sections of the Lease in order to reflect all correct data for the new space.

 

27       HOLDING
OVER

 

27.1       Holdover.
Unless Landlord expressly agrees otherwise in writing, Tenant shall pay Landlord one hundred fifty percent (150%) of
the amount of Rent then applicable prorated on per diem basis for each day Tenant shall retain possession of the Premises or any
part thereof after expiration of the Term or earlier termination of this Lease, together with all damages sustained by Landlord
on account thereof. In the case of any such holdover, the Lease shall be converted to a month-to-month tenancy which either party
may terminate upon written notice of not less than thirty (30) days to the other. Tenant shall remain bound to comply with all
provisions of this Lease until Tenant vacates the Premises and shall be subject to the provisions of § 11.1 above.

 

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27.2       Permissive
Month-to-Month Tenancy. Notwithstanding the foregoing to the contrary, at any time before or after expiration or earlier
termination of the Term of the Lease, Landlord may serve notice advising Tenant of the amount of Rent and other terms required,
should Tenant desire to enter a month- to-month tenancy. If Tenant shall hold over more than one full calendar month after such
notice, Tenant shall thereafter be deemed a month-to-month tenant, on the terms and provisions of this Lease then in effect, as
modified by Landlord’s notice, except that Tenant shall not be entitled to any renewal or expansion rights contained in
this Lease or any amendments hereto.

 

28       PARKING

 

28.1       Available
Parking. Subject to the terms and conditions contained in the balance of this Article 28, Landlord agrees to make available
to Tenant during the Term of this Lease and any renewal term up to a maximum of twelve (11) parking spaces on a non-exclusive
basis in the area(s) designated by Landlord for parking in the Building’s parking lots and/or facility (the “Parking
Facility”). Said parking spaces shall be in locations designated by Landlord, and parking shall be on a first-come-first-served,
unassigned, nonreserved basis. Landlord reserves the right to designate different locations or different parking areas for Tenant’s
use without any liability to Tenant and Tenant agrees that any change shall not give rise to any claims or offset against Landlord
hereunder. Tenant shall abide by any and all parking regulations and rules established from time to time by Landlord or Landlord’s
parking operator. Landlord reserves the right in its sole and absolute discretion to restrict or prohibit the use of the Parking
Facility for any vehicles other than passenger automobiles, such as full-sized vans or trucks. Tenant shall not permit any vehicles
belonging to Tenant or Tenant’s employees, agents, customers, contractors, or invitees to be loaded, unloaded, or parked
in areas other than those designated by Landlord for such activities and shall not permit any such vehicles to be parked overnight
in the Parking Facility; provided, Tenant may apply for an Overnight Parking Permit from Landlord’s Property Manager for
limited periods for good cause relating to Tenant’s business, subject to such rules and regulations governing such overnight
parking as Landlord’s Property Manager may establish from time to time. A failure to comply with the foregoing provisions
shall afford Landlord the right without notice to remove any vehicles involved and to charge the cost to Tenant, which cost shall
be immediately due and payable upon demand by Landlord.

 

28.2       Use
at Tenant’s Own Risk. Landlord shall have no obligation to monitor the use of the Parking Facility. Tenant’s
and its employees’ use of the Parking Facility shall be at the sole risk of Tenant and its employees. Unless caused by the
willful harmful act of Landlord, Landlord shall have no responsibility or liability for any injury or damage to any person or
property by or as a result of the use of the Parking Facility (or substitute parking) by Tenant and its employees, whether by
theft, collision, criminal activity, or otherwise, and Tenant hereby assumes, for itself and its employees, all risks associated
with any such occurrences in or about the Parking Facility.

 

29       MISCELLANEOUS
PROVISIONS.

 

29.1       General
Definitions. The definitions which follow shall apply generally to the provisions of this Lease.

 

		(a)	The term business days means Monday through Friday inclusive, excluding Holidays
as defined in § 8.1.1 above. Throughout this Lease, wherever days is used the term shall refer to calendar days. Wherever
the term business days is used the term shall refer to business days as defined hereunder.

 

		(b)	The term mortgage shall include any mortgage
or deed of trust, and the term mortgagee shall include a trustee.

 

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		(c)	The terms include,
including, and such as shall each be construed as if followed by the phrase “without limitation.”
The rule of eiusdem generis shall not be applicable to limit a general statement following or referrable to an enumeration
of specific matters to matters similar to the matters specifically mentioned.

 

		(d)	The term obligations under this Lease and words of like import shall mean the covenants
to pay Rent and Additional Rent under this Lease and all of the other covenants and conditions contained in this Lease. Any provision
in this Lease that one party or the other or both shall do or not do or shall cause or permit or not cause or permit a particular
act, condition, or circumstance shall be deemed to mean that such party so covenants or both parties so covenant, as the case may
be.

 

		(e)	The term Tenant’s obligations hereunder and words of like import and the term
Landlord’s obligations hereunder and words of like import shall mean the obligations under this Lease which
are to be performed or observed by Tenant, or by Landlord, as the case may be. Reference to performance of either
party’s obligations under this Lease shall be construed as “performance and observance.”

 

		(f)	Reference to Tenant being or not being in default
hereunder or words like import shall mean that Tenant is in default in the performance of one or more of Tenant’s
obligations hereunder, or that Tenant is not in default in the performance of any of Tenant’s obligations hereunder, or
that a condition of the character described in § 20.1 above has occurred and continues or has not occurred or does not continue,
as the case may be.

 

		(g)	References to Landlord as having no liability to Tenant or being without liability
to Tenant shall mean that Tenant is not entitled to terminate this Lease or to claim actual or constructive eviction, partial
or total, or to receive any credit, allowance, setoff, abatement, or diminution of Rent, or to be relieved in any manner of any
of its other obligations hereunder, or to be compensated for loss or injury suffered or to enforce any other kind of liability
whatsoever against Landlord under or with respect to this Lease or with respect to Tenant’s use or occupancy of the Premises.

 

		(h)	The term requirements of insurance bodies and words of like import shall mean rules,
regulations, orders, and other requirements of the California Board of Fire Underwriters and/or the California Fire Insurance Rating
Organization and/or any other similar body performing the same or similar functions and having jurisdiction or cognizance of the
Property and/or the Premises.

 

		(i)	The term repair shall be deemed to include restoration and replacement as may be
necessary to achieve and/or maintain good working order and condition.

 

		(j)	Reference to termination of this Lease includes expiration or earlier termination
of the Term of this Lease or cancellation of this Lease pursuant to any of the provisions of this Lease or to Law. Upon a termination
of this Lease, the Term and estate granted by this Lease shall end at noon of the date of termination as if such date were the
date of expiration of the Term of this Lease, and neither party shall have any further obligation or liability to the other after
such termination, except as shall be expressly provided for in this Lease and except for any such obligation as by its nature or
under the circumstances can only be, or by the provisions of this Lease may be, performed after such termination; and in any event,
unless expressly provided to the contrary in this Lease, any liability for a payment or obligation

 

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which shall have accrued to or with respect to any
period ending at the time of termination shall survive the termination of this Lease.

 

		(k)	The term in full force and effect when herein used in reference to this Lease as
a condition to the existence or exercise of a right on the part of Tenant shall be construed in each instance as including the
further condition that at the time in question no default on the part of Tenant exists, and no event has occurred which has continued
to exist for such period of time (after the notice, if any, required by this Lease), as would entitle Landlord to terminate this
Lease or to dispossess Tenant.

 

		(l)	The term Tenant shall mean Tenant herein named or any assignee, heir, distributee,
executor, administrator, legal representative, or other successor in interest (immediate or remote) of Tenant herein named, while
such Tenant or such assignee or other successor in interest, as the case may be, is in possession of the Premises as owner of the
Tenant’s estate and interest granted by this Lease and also, if Tenant is not a single individual or a corporation, all of
the persons, firms, and corporations then comprising Tenant; and their liability hereunder shall be joint and several.

 

29.2       Light
and Air. No diminution of light, air or view by any structure which may hereafter be erected (whether or not by Landlord)
shall entitle Tenant to any reduction of Rent under this Lease, result in any liability of Landlord to Tenant, or in any other
way affect this Lease.

 

29.3       Waiver
of Terms. If either Landlord or Tenant waives the performance of any term, covenant, or condition contained in this
Lease, such waiver shall not be deemed to be a waiver of the term, covenant, or condition itself or a waiver of any subsequent
breach of the same or any other term, covenant, or condition contained herein. Furthermore, the acceptance of Rent by Landlord
shall not constitute a waiver of any preceding breach by Tenant of any term, covenant, or condition of this Lease, regardless
of Landlord’s knowledge of such preceding breach at the time Landlord accepts such Rent. Failure by Landlord to enforce
any of the terms, covenants, or conditions of this Lease for any length of time shall not be deemed to waive or to decrease the
right of Landlord to insist thereafter upon strict performance by Tenant. Waiver by Landlord of any term, covenant, or condition
contained in this Lease may only be made by a written document signed by Landlord.

 

29.4       Failure
to Deliver Statements. Landlord’s failure during the Term of this Lease to prepare and deliver any of the Statements,
estimates, notices, or bills contemplated or required under this Lease, or Landlord’s failure to make a demand, shall not
in any way cause Landlord to forfeit or surrender its rights to collect any of the foregoing items of Rent which may have become
due during the Term of this Lease.

 

29.5       Attorney’s
Fees. In the event that any action or proceeding (including arbitration) is brought to enforce or interpret any term,
covenant, or condition of this Lease on the part of Landlord or Tenant, the prevailing party in such action or proceeding (whether
after trial or upon appeal) shall be entitled to recover from the party not prevailing its expenses therein, including reasonable
attorneys’ fees and all allowable costs as fixed by the court.

 

29.6       Corporate
Review Fees. Notwithstanding anything to the contrary in this Lease, Tenant agrees to reimburse Landlord for its reasonable
costs and/or attorneys’ fees incurred in the review of (i) any transaction with respect to which Tenant is required to give
notice under § 17.13 of the Lease and/or (ii) any other change of name, registration, corporate status or merger, acquisition,
consolidation, transfer, loan, security, or collateral transaction, or other matter related to Tenant’s legal or corporate
status or the financing of any loan or collateral or security associated with the same requiring Landlord’s attention and
need to seek legal advice.

 

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29.7       Jury
Trial. Tenant and Landlord each hereby waive their respective rights to a trial by jury under applicable Laws in the
event of any litigation or dispute between Landlord and Tenant arising out of or in connection with this Lease and the parties’
performance thereunder.

 

29.8       Merger.
Notwithstanding the acquisition (if same should occur) by the same party of the title and interests of both Landlord
and Tenant under this Lease, there shall never be a merger of the estates of Landlord and Tenant under this Lease, but instead
the separate estates, rights, duties, and obligations of Landlord and Tenant, as existing hereunder, shall remain unextinguished
and continue, separately, in full force and effect until this Lease expires or otherwise terminates in accordance with the express
provisions herein contained.

 

29.9       No
Merger on Voluntary Surrender. A voluntary or other surrender of this Lease by Tenant or the mutual cancellation of
this Lease shall not work a merger and shall, at the option of Landlord, terminate all or any existing subleases or subtenancies,
or may, at the option of Landlord, operate as an assignment to it of any or all such subleases or subtenancies.

 

29.10     Consent.
Notwithstanding anything contained in this Lease to the contrary, Tenant shall have no claim and hereby waives the right to any
claim against Landlord for money damages by reason of any refusal, withholding, or delaying by Landlord of any consent, approval,
statement, or satisfaction; and in such event, Tenant’s only remedies therefor shall be an action for specific performance,
injunction, or declaratory judgement to enforce any right to such consent, approval, statement, or satisfaction.

 

29.11     Counterparts.
This Lease may be executed in multiple counterparts, each of which shall be deemed an original and all of which together shall
constitute one and the same instrument.

 

29.12     Financial
Statements. In order to induce Landlord to enter into this Lease, Tenant agrees that it shall promptly furnish Landlord,
from time to time, upon Landlord’s written request, with financial statements reflecting Tenant’s current financial
condition. Tenant represents and warrants that all financial statements, records, and information furnished by Tenant to Landlord
in connection with this Lease are and shall be true, correct, and complete in all respects.

 

29.13     Gender
and Number. Words used in neuter gender include the feminine and masculine, where applicable, and words used in the
singular or plural shall include the opposite number if appropriate.

 

29.14     Joint
and Several Obligation. If more than one person executes this Lease as Tenant, each of them is jointly and severally
liable for the keeping, observing, and performing of all of the terms, covenants, conditions, provisions, and agreements of this
Lease to be kept, observed, and performed by Tenant. The term Tenant as used in this Lease shall mean and include each
of such signatories jointly and severally. The act of or notice from, or notice or refund to, or the signature of, any one or
more of such signatories with respect to the tenancy or this Lease, including any renewal, extension, expiration, termination,
or modification of this Lease, shall be binding upon each and all of the persons executing this Lease as Tenant with the same
force and effect as if each and all of them had so acted or so given or received such notice or refund or so signed.

 

29.15     Headings
and Section Numbers. The headings and titles of the articles and sections of this Lease are used for convenience only
and shall have no effect upon the construction or interpretation of this Lease. Wherever a reference is made in this Lease to
a particular article or section, such reference shall be deemed to include all subsections following such section reference, unless
the contrary is expressly provided in connection with such reference. All references in this Lease to numbered articles, numbered
sections, and lettered exhibits are references to articles and sections of this Lease and exhibits annexed to (and thereby made
part of) this Lease, as the case may be, unless expressly otherwise designated in the context.

 

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29.16     Time.
Time is of the essence of this Lease and all of its provisions.

 

29.17     Applicable
Law. This Lease shall in all respects be governed by and interpreted in accordance with the laws of the State of California
without reference to its conflicts of law principles. If suit is brought by a party to this Lease, the parties agree that jurisdiction
of such action shall be vested exclusively in the state courts of the State of California, County of San Mateo, or in the United
States District Court for the Northern District of California, and with its execution and delivery of this Lease Tenant waives
any defense it might otherwise have against the jurisdiction of such courts.

 

29.18     Severability.
If any provision of this Lease or the application thereof to any person or circumstance shall be invalid or unenforceable
to any extent, the remainder of this Lease and the application of such provision to other persons or circumstances shall not be
affected thereby and shall be enforced to the greatest extent permitted by law.

 

29.19     Signs.
Tenant shall not place or permit to be placed in or upon the Premises where visible from outside the Premises or any
part of the Building, any signs, notices, drapes, shutters, blinds or window coatings, or displays of any type without the prior
written consent of Landlord. Landlord shall consent to the location at the cost of Tenant of a building standard sign on or near
the entrance of the Premises and shall include Tenant in the Building and Complex directories located in the Building. Landlord
reserves the right in Landlord’s sole discretion to place and locate on the roof and exterior of the Building and Complex
and in any area of the Building and the Complex not leased to Tenant, such signs, notices, displays and similar items as Landlord
deems appropriate in the proper operation of the Building and the Complex.

 

29.20     Execution
by Landlord. The submission of this document for examination and negotiation does not constitute an offer to lease,
or a reservation of, or option for, the Premises. This document becomes effective and binding only upon execution and delivery
hereof by Tenant and by Landlord. No act or omission of any employee or agent of Landlord or of Landlord’s broker shall
alter, change or modify any of the provisions hereof.

 

29.21     Use
of Name. Tenant shall not use the name of the Building or Complex for any purpose other than the address of the business
to be conducted by Tenant in the Premises. Tenant shall not use any picture of the Building or Complex in its advertising, stationery
or in any other manner so as to imply that the entire Building or Complex is leased by Tenant. Landlord expressly reserves the
right at any time to change the name or street address of the Building and/or Complex without in any manner being liable to Tenant
therefor.

 

29.22     Nonrecordability
of Lease. Tenant agrees that in no event shall this Lease or a memorandum hereof be recorded without Landlord’s
express prior written consent, which consent Landlord may withhold in its sole discretion.

 

29.23     Construction.
All provisions hereof, whether covenants or conditions, shall be deemed to be both covenants and conditions. The definitions
contained in this Lease, shall be used to interpret the Lease. All rights and remedies of Landlord and Tenant shall, except as
otherwise expressly provided, be cumulative and non-exclusive of any other remedy at law or in equity.

 

29.24     Force
Majeure Delays. This Lease and the obligations of Tenant hereunder shall not be affected or impaired because Landlord
is unable to fulfill any of its obligations hereunder or is delayed in doing so, if such inability or delay is caused by reason
of force majeure, strike, labor troubles, acts of God, acts of government, unavailability of materials or labor, or any other
cause beyond the reasonable control of Landlord (collectively “Force Majeure Delays”).

 

29.25     Authority.
If Tenant is a corporation, Tenant represents and warrants that Tenant is qualified to do business in California and
that each individual executing this Lease on behalf of Tenant is duly

 

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authorized to execute and deliver
this Lease on behalf of Tenant and shall deliver appropriate certification to that effect if requested. If Tenant is a limited
liability company, partnership, joint venture, or other unincorporated association, Tenant represents and warrants that each individual
executing this Lease on behalf of Tenant is duly authorized to execute and deliver this Lease on behalf of Tenant and that this
Lease is binding on Tenant. Furthermore, Tenant agrees that the execution of any written consent hereunder, or any written modification
or termination of this Lease, by any general partner or member of Tenant or any other authorized agent of Tenant, shall be binding
on Tenant.

 

29.26     Nondisclosure.
Tenant agrees that it shall not disclose any of the matters set forth in this Lease or disseminate or distribute any information
concerning the terms, covenants, or conditions thereof to any person, firm, or entity, other than a prospective assignee or subtenant
of the Premises, without first obtaining the express written approval of Landlord; provided, however, that Tenant may disclose
the contents of this Lease to any director, officer, or employee of Tenant, to Tenant’s lawyers, accountants, or other third
party consultants or professionals, to any lenders, investors, or others to whom Tenant provides financial statements, or in response
to any legally effective demand for disclosure pursuant to court order or from any other properly constituted legal authority.

 

29.27     Quiet
Enjoyment. So long as Tenant is not in default under this Lease, Tenant shall have quiet enjoyment of the Premises
for the Term, subject to all the terms and conditions of this Lease and all liens and encumbrances prior to this Lease.

 

Access
Inspection Disclosure. Pursuant to California Civil Code § 1938, Landlord hereby notifies Tenant that, as of the
date of this Lease, the Premises have not undergone inspection by a “Certified Access Specialist” to determine whether
the Premises meet all applicable construction-related accessibility standards under California Civil Code § 55.53, and the
Premises have not been determined to meet all applicable construction-related accessibility standards pursuant to Civil Code §
55.53. In addition, Civil Code § 1938(e) requires that the following language be inserted into this Lease:

 

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

 

Landlord is acting in compliance with
applicable Laws by inserting the foregoing paragraph into this Lease, but Landlord thereby expresses no opinion as to the meaning
or applicability of § 1938 and offers no legal advice as to its meaning or applicability. Tenant is informed and agrees that
it will seek its own legal counsel if it has questions regarding the meaning of § 1938 or its applicability to this Lease.

 

29.28     Personal
Guaranty. In order to induce Landlord to execute this Lease, and for other good and valuable consideration, Tenant
has tendered for the benefit of Landlord the personal guaranty that is attached hereto as Exhibit G and incorporated herein
by reference (the “Personal Guaranty”). Tenant acknowledges that Landlord would not have entered into this Lease in
the absence of the Personal Guaranty.

 

29.29     Landlord’s
Representative. Tenant acknowledges and agrees that, in executing this Lease, TAK Development, Inc., a California corporation,
is acting solely in its capacity as Landlord’s authorized attorney-in-fact. TAK Development, Inc. is not acquiring or assuming
any legal liability or obligation to any other party executing this Lease, and any claim or demand of any such other party arising
under or with respect to this Lease shall be made and enforced solely against Landlord.

 

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29.30     Exhibits
and Attachments. All exhibits and attachments referred to in the body of this Lease are deemed attached hereto and
incorporated herein by reference. The parties have attached the following exhibits to the Lease prior to execution:

 

	Exhibit A	Site Plan
	Exhibit B	Floor Plan of Premises
	Exhibit C	Rules and Regulations
	Exhibit D	Athletic Facility Use Agreement
	Exhibit E	Commencement Date Agreement
	Exhibit G	Personal Guaranty

 

29.31     Entire
Agreement. This Lease, together with its exhibits, contains all the agreements of the parties hereto and supersedes
any previous negotiations. There have been no representations made by the Landlord or understandings made between the parties
other than those set forth in this Lease and its exhibits. This Lease may not be modified except by a written instrument duly
executed by the parties hereto.

 

In witness whereof, the parties have executed this Lease
as of the date first above written.

 

	Landlord:	 	 	Tenant:
	 	 	 	 	 	 
	KASHIWA FUDOSAN AMERICA, INC., a California corporation	 	 	ESSA PHARMACEUTICALS CORP., a Texas corporation
	 	 	 	 	 	 
	  	By:	TAK Development, Inc., a California	 	 	 	By:	/s/
    David S. Wood
	 	 	corporation	 	 	 	 	David S.
    Wood
	 	Its:	Attorney-in-Fact	 	 	 	 	[name typed]
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Its:	Chief Financial Officer
	 	 	By:	/s/ Tomoki Miura	 	 	 	 	 
	 	 	 	Tomoki Miura, Senior Manager	 	 	 	 	 

 

	 	 	 	Robert L. Delsman	 
	 	 	 	Approved as to Legal Form & Sufficiency	 
	 	/s/ Robert L. Delsman	 	Berkeley, California	 
	 	 	 	2018.03.21 13:01:27-07’00’	 

 

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[Exhibit C]

 

OYSTER POINT MARINA PLAZA

 

Rules And Regulations

 

		1.	The sidewalks, doorways, halls, stairways, vestibules and
other similar areas shall not be obstructed by Tenant or used by Tenant for any purpose other than ingress to and egress from
the Premises and going from one part of the Building to another part.

 

		2.	Plumbing fixtures shall be used only for their designated
purpose, and no foreign substances of any kind shall be thrown therein. Damage to any such fixture resulting from misuse by Tenant
or any employee or invitee of Tenant shall be repaired at the expense of Tenant.

 

		3.	Tenant shall not install any radio or television antenna,
loudspeaker, or other device on the roof or exterior walls of the Building. No TV or radio or recorder shall be played in such
a manner as to cause a nuisance to any other tenant.

 

		4.	There shall not be used in any space, or in the public
halls of the Building, either by Tenant or others, any hand trucks except those equipped with rubber tires and side guards or
such other material handling equipment as Landlord may approve. No other vehicles of any kind shall be brought by any tenant into
the Building or kept in or about its premises.

 

		5.	Tenant shall store all its trash and garbage within its
Premises. No material shall be placed in the hallways or in the trash boxes or receptacles if such material is of such nature
that it may not be disposed of in the ordinary and customary manner of removing and disposing of office building trash and garbage
in the City of South San Francisco without being in violation of any law or ordinance governing such disposal. All garbage and
refuse disposal shall be made only through entryways and elevators provided for such purposes and at such times as Landlord shall
designate.

 

		6.	The requirements of tenants will be attended to only upon
application in writing at the office of the Building. Employees of Landlord shall not perform any work or do anything outside
of their regular duties unless under special instructions from Landlord.

 

		7.	These Rules and Regulations are in addition to, and shall
not be construed to in any way modify or amend, in whole or in part, the agreements, covenants, conditions, and provisions of
any lease of premises in the Building.

 

		8.	Tenant shall not occupy the Building or permit any portion
of the Building to be occupied for the manufacture or direct sale of liquor, narcotics, or tobacco in any

 

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form, or as a medical
office, barber shop, manicure shop, music or dance studio, or employment agency. Tenant shall not conduct in or about the Building
any auction, public or private, without the prior written approval of Landlord.

 

		9.	Tenant shall not use in the Building any machines, other
than standard office machines such as typewriters, calculators, personal computers, photocopiers, and similar machines, without
the prior written approval of Landlord. All office equipment and any other device of any electrical or mechanical nature shall
be placed by Tenant in the Premises in settings approved by Landlord, so as to absorb or prevent any vibration, noise, or annoyance.
Tenant shall not cause improper noises, vibrations, or odors within the Building.

 

		10.	Tenant shall not enter the mechanical rooms, air conditioning
rooms, electrical closets, janitorial closets, or similar areas or go upon the roof of the Building without the prior written
consent of Landlord.

 

		11.	Tenant shall not mark, paint, drill into, cut, string wires
within, or in any way deface any part of the Building, without the prior written consent of Landlord and as Landlord may direct.
Should Landlord grant approval, Tenant agrees to assume full responsibility and warrants that, should a contractor other than
the Building Contractor be used, Tenant’s contractor will strictly abide by Landlord’s guidelines for work contracted
directly by Tenant. Upon removal of any wall decorations or installations or floor coverings by Tenant, any damage to the walls
or floors shall be repaired by Tenant at Tenant’s sole cost and expense. This rule shall apply to all work performed in
the Building, electrical devices, and attachments, and installations of any nature affecting floors, walls, woodwork, trim, windows,
ceilings, equipment, or any other portion of the Building. Plans and specifications for such work, prepared at Tenant’s
sole expense, shall be submitted to Landlord and shall be subject to Landlord’s prior written approval in each instance
before the commencement of work. All installations, alterations, and additions shall be constructed by Tenant in a good and workmanlike
manner, and only good grades of materials shall be used in connection therewith.

 

		12.	Tenant will not place objects on window sills or otherwise
obstruct the exterior wall window covering.

 

		13.	The Tenant will keep all doors opening to the exterior
of the Building, all fire doors, and all smoke doors closed at all times.

 

		14.	If Tenant uses the Premises after regular business hours
or on non-business days Tenant shall lock any entrance doors to the Building or to the Premises used by Tenant immediately after
using such doors.

 

		15.	The Tenant shall not use any portion of the Premises for
lodging.

 

		16.	Landlord reserves the right to exclude or expel from the
Building any person who, in

 

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in the judgement
of Landlord is intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any
of the rules and regulations of the Building.

 

		17.	Tenant shall not park or attach any bicycle or motor driven
cycle on or to any part of the Premises, the Building, or within the landscaping.

 

		18.	In all carpeted areas where desks and chairs are utilized,
Landlord shall require Tenant, at Tenant’s own cost, to place mats under each and every chair or use chairs on 11⁄2”
wide rollers at minimum in order to protect said carpeting from unnecessary wear and tear.

 

		19.	Signs, advertisements, graphics, or notices visible in
or from public corridors shall be subject to Landlord’s written approval. Nails, screws, and other attachments to the Building
require prior written consent from Landlord.

 

		20.	Landlord shall be notified in writing in advance of any
and all contractors and technicians rendering any installation service to Tenant, and such contractors and technicians shall be
referred to Landlord for approval and supervision prior to performing services. This applies to all work performed in the Building,
including installation of telephone and communications lines and equipment, electrical devices, and all installations affecting
floors, walls, woodwork, windows, ceilings, and any other physical portions of the Building.

 

		21.	Landlord shall be notified in writing in advance of any
movement in or out of the Building of furniture, office equipment, or other bulky or heavy material which requires the use of
elevators, stairways, or Building entrance and lobby; and such movement shall be restricted to hours established by Landlord and
any other requirements of Landlord, including the use of elevator pads and the placement of masonite panel on the path of travel
to protect flooring. All such movement shall be under Landlord’s supervision, and the use of an elevator for such movements
shall be restricted to the Building’s freight elevators. Arrangements with Landlord should be made regarding the time, method,
and routing of movement, and Tenant shall assume all risks of damage to articles moved and injury to persons or public resulting
from such moves. Landlord shall not be liable for any acts or damages resulting from any such activity.

 

		22.	Landlord reserves the right to restrict access to all telephone
closets, cabling, conduits, and risers in the Property. Tenant shall not have access for any reason to any of the aforementioned
areas of the Property without the written permission of Landlord and the supervision of Landlord’s Building Engineer. The
means by which telephone, telegraph, and similar wires are to be introduced to the Premises and the location of telephones, call
boxes, and other office equipment affixed to the Premises, shall be subject to the prior written approval of Landlord.

 

		23.	Any damage done to the Building by the movement of Tenant’s
property, or done by

 

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by Tenant’s property while in
the Building, shall be repaired at Tenant’s expense.

 

		24.	All door pertinent to Tenant’s Premises and all other
Building door outside the Premises (other than smoke or heat-activated fire doors) are to be kept closed and not blocked open
at all times, as they are fire control doors.

 

		25.	Tenant shall cooperate with Landlord in maintaining the
Premises. Tenant shall not employ any person for the purpose of such cleaning other than the Building’s cleaning and maintenance
personnel.

 

		26.	To insure orderly operation of the Building, no deliveries
of water, soft drinks, newspapers, or other such items to any Premises shall be made except by persons appointed or approved by
Landlord in writing.

 

		27.	Nothing shall be swept or thrown into the corridors, halls
elevator shafts, or stairways. No birds, fish, or animals of any kind shall be brought into or kept in, on, or about the Premises
without the written permission of Landlord.

 

		28.	Except for trained and certified service dogs assisting
the disabled consistent with the ADA and registered with Landlord’s Property Manager, Tenant shall not bring into or keep
in, on, or about the Premises or Property any birds, fish, dogs, cats, or animals of any kind without the express written permission
of Landlord, which Landlord shall have the right to withhold or deny in its sole and absolute discretion. If Landlord elects to
grant such permission with respect to the presence of animals in, on, or about the Premises or Property, it shall be conditioned
upon Tenant’s agreement to indemnify Landlord in writing with respect to the presence and activities of any such animals
in, on, or about the Premises of Property and an increase in Tenant’s liability insurance coverage commensurate with the
associated increased liability exposure of Landlord, as determined by Landlord in its sole and absolute discretion.

 

		29.	No machinery of any kind, except for standard electronic
office machinery such as personal computers, typewriters, and photocopiers, shall be operated by Tenant in the Premises without
the prior written approval of the Landlord.

 

		30.	No cooking shall be done in the Premises, except that the
use by Tenant of Underwriter’s Laboratory approved microwave ovens and equipment for brewing coffee, tea, or other hot beverages
shall be permitted, provided such use is in accordance with all applicable codes, laws, and ordinances.

 

		31.	Tenant shall not install any food, soft drink, or other
vending machine within the Premises.

 

		32.	Tenant shall not use or keep on its Premises any kerosene,
gasoline, or inflammable or combustible fluid or material other than limited quantities reasonably necessary for the operation
and maintenance of office equipment. Tenant shall not use or keep

 

    	 	Oyster Point Marina Plaza Rules & Regulations
	 
	 	page C-4 of 4	 

     

    

 

any noxious gas
or substances in the Premises or permit the Premises to be used in a manner offensive or objectionable to Landlord or other occupants
of the Building by reason of noise, odors, or vibrations, or interfere in any way with other Tenants or those having business
therein.

 

		33.	Tenant shall not tamper with or attempt to adjust temperature
control thermostats in the Premises. Landlord shall make adjustments in thermostats on call from Tenant.

 

		34.	Tenant shall comply with all measures instituted by Landlord
in its sole and absolute discretion for the security of the Premises, Property, and Complex, and all personnel using the same,
including the use of service passes issued by Landlord for after-hours movement of office equipment or packages and signing a
security register in Building lobby after hours. Nothing herein shall be construed to impose any obligation or requirement that
Landlord provide any security services in the Premises, Property, or Complex, or any particular level or type of security services.

 

		35.	Landlord will initially furnish Tenant with a reasonable
number of keys for entrance doors into the Premises and may charge Tenant for additional keys thereafter. All such keys shall
remain the property of Landlord. No additional locks are allowed on any door of the Premises. At termination of this Lease, Tenant
shall surrender to Landlord all keys to the Premises and give to Landlord the combination of all locks for safes and vault doors,
if any, in the Premises.

 

		36.	Landlord retains the right, without notice or liability
to any Tenant, to change the name and street address of the Building.

 

		37.	Canvassing, peddling, soliciting, and distribution of handbills
in the Building are prohibited, and Tenant will cooperate to prevent these activities.

 

		38.	The Building hours of operation (excluding Holidays) are:

 

	8:00 a.m. to 6:00 p.m.	Monday through Friday
	9:00 a.m. to 1:00 p.m.	Saturday

 

		39.	Landlord reserves the right to rescind any of these Rules
and regulations and to make future Rules and regulations required for the safety, protection, and maintenance of the Building,
the operation and preservation of good order thereof, and the protection and comfort of the tenants and their employees and visitors.
Such Rules and regulations and all modifications thereto shall, upon written notice, be binding as if originally included herein.

 

*****

 

    	 	Oyster Point Marina Plaza Rules & Regulations
	 
	 	page C-5 of 5	 

     

    

 

 

 [Exhibit D]

 

OYSTER POINT MARINA PLAZA

 

Athletic
Facility Use Agreement & Release of Liability

 

This
is a legally binding agreement. Read it carefully.

 

I,________________________, hereby
acknowledge that my use of the exercise facility (the “Facility”) at 395 / 400 Oyster Point Boulevard, owned
by KASHIWA FUDOSAN AMERICA, INC. (“Landlord”), as well as any activities in which I may engage in conjunction
with my use of the Facility, is entirely voluntary.

 

I AM AWARE THAT
PARTICIPATING IN ATHLETIC ACTIVITIES AND THE USE OF THE EXERCISE FACILITY MAY BE HAZARDOUS AND THAT IT IS NOT POSSIBLE FOR LANDLORD
TO GUARANTEE THAT OTHER PATRONS USING THE FACILITY WILL COMPLY WITH ALL ESTABLISHED RULES AND REGULATIONS. I AM VOLUNTARILY PARTICIPATING
IN THESE ATHLETIC ACTIVITIES AND UTILIZING THE FACILITY WITH FULL KNOWLEDGE OF THE DANGER INVOLVED. I HEREBY AGREE TO ACCEPT AND
ASSUME ANY AND ALL RISKS OF PROPERTY LOSS, PERSONAL INJURY, OR DEATH, WHETHER OR NOT CAUSED BY THE NEGLIGENCE OF LANDLORD, LANDLORD’S
EMPLOYEES OR AGENTS, OR ANY OTHER PATRON OR GUEST USING THESE FACILITIES.

 

__________________

[initial here]

 

In exchange,
as lawful consideration for being permitted by Landlord to participate in activities on Landlord’s property and use its exercise
Facility, I hereby agree that I, my heirs, next of kin, successors, and assigns will not sue, make a claim against, attach the
property of or prosecute Landlord or Landlord’s agents and employees for injury, death, or damage resulting from the negligence
or other acts, howsoever caused, by any of Landlord’s employees, agents, contractors, or patrons as a result of my participation
in these activities or use of the exercise Facility. In addition, I hereby release and discharge Landlord from all actions, claims,
or demands that I, my heirs, next of kin, successors, or assigns now have or may hereafter have for any loss of property, personal
injury, death, or damage resulting from my participation in these activities or use of the facilities.

 

I HAVE CAREFULLY
READ THIS AGREEMENT AND FULLY UNDERSTAND ITS CONTENTS. I AM AWARE THAT THIS IS A RELEASE OF LIABILITY AND A CONTRACT BETWEEN MYSELF
AND LANDLORD AND SIGN IT OF MY OWN FREE WILL.

 

	Facility
    Hours:	Monday – Friday:	6:00 am to 9:00 pm
	 	Saturday:	9:00 am to 1:00 pm and CLOSED ON SUNDAYS
	 	NO GUESTS ALLOWED! – NO OVERNIGHT LOCKERS ALLOWED!

 

Reimbursement
Policy: You must fill out a Key Fob Return Form when you return your Key Fob. The form will ask for your new mailing
address where the reimbursement check will be mailed. No cash will be received or refunded at any time.

 

	Participant Signature:	 	 	Gender:Male / Female	      Date:	 
	 	 	 	   	 
	Company Name/Tenant:	 	 	Building:	                 	
              Suite:
	 

 

Key Fob No.: _______ New  ____            Existing ______             Total:
$____________             Check No.:___________

 

 

 

Witness

 

I certify that
the person whose signature appears above acknowledged in my presence that he or she has read and fully understands the meaning
and consequences of the foregoing Agreement and Release of Liability and the he or she signed it in my presence.

 

	Witness:	 	 	Date:	 
	 	 	 	 	 
	 	[name typed or printed]	 	 	 

 

	
        Warning:
        Use of steroids to increase strength or growth can cause serious health problems. Steroids can keep teenagers from growing
        to their full height; they can also cause heart disease, stroke, and damaged liver function. Men and women using steroids
        may develop fertility problems, personality changes, and acne. Men can also experience premature balding and development
        of breast tissue. These health hazards are in addition to the civil and criminal penalties for unauthorized sale, use,
        or exchange of anabolic steroids. California Civil Code § 1812.67.

 

     

     

    

  

[EXHIBIT E]

 

OYSTER POINT MARINA PLAZA

 

Lease Commencement Date Agreement

 

THIS LEASE COMMENCEMENT DATE AGREEMENT
(the “Agreement”) is made as of                                     ,
between KASHIWA FUDOSAN AMERICA, INC., a California corporation (“Landlord”) and                                            ,
a                                                              
(“Tenant”).

 

Tenant and Landlord acknowledge and agree
as follows:

 

1.          Tenant has received
a fully-executed counterpart of the Lease dated as of                                               
for premises commonly known as Suite               
at          Oyster Point Boulevard in the Oyster Point Marina Plaza business part.

 

2.          The Commencement
Date of the Lease for all purposes thereunder is                                       ,
20      , and the Expiration Date is                                       ,
20       .

 

3.          Tenant
acknowledges and agrees that, in executing this Agreement, TAK Development, Inc., a California corporation, is acting solely in
its capacity as Landlord’s authorized attorney-in-fact. TAK Development, Inc. is not acquiring or assuming any legal liability
or obligation to any other party executing this Agreement or the Lease, and any claim or demand of any such other party arising
under or with respect to this Agreement or the Lease shall be made and enforced solely against Landlord.

 

IN WITNESS WHEREOF, Landlord and
Tenant have executed this Agreement as of the date first above written.

 

	Landlord:	 	Tenant:

 

	KASHIWA FUDOSAN AMERICA, INC., a	 	                                             ,
    a                                    
	California corporation	 	                                             

  

	By:	TAK Development, Inc., a California	 	By:	/s/ DAVID S. WOOD
	 	corporation	 	 	 
	Its:	Attorney-in-Fact	 	 	DAVID S. WOOD
	 	 	 	 	[name typed]
	 	 	 	 	
	By: 	 	 	Its:	Chief Financial Officer
	 	Yujin Yamaai, Vice President	 	 	 

  

    
Oyster Point Marina Plaza Commencement Date Agreement
Kashiwa Fudosan America, Inc. ::                                  
		page E-1	[Suite         (       rsf)]

     

    

  

EXHIBIT G

 

OYSTER POINT MARINA PLAZA 

 

Personal Guaranty

 

THIS PERSONAL GUARANTY
(“Guaranty”) is executed and delivered as of March 5, 2018, by ESSA PHARMA INC., a Canada corporation organized
under the laws of the Province of British Columbia (“Guarantor”) for the benefit of KASHIWA FUDOSAN AMERICA, INC.,
a California corporation (“Landlord”), with reference to the following facts:

 

Recitals

 

A.           Landlord
and ESSA Pharmaceuticals Corp., a Texas corporation (“Tenant”) are entering into that certain Office Lease (the “Lease”)
dated as of March 5, 2018, of approximately 3,021 rentable square feet of space (the “Premises”) known as Suite 520
in the building commonly known as 400 Oyster Point Boulevard, South San Francisco, California (the “Building”), in
the office building complex known as Oyster Point Marina Plaza (the “Complex”)

 

B.           As
a condition to executing the Lease, Landlord has required that Guarantor execute and deliver this Guaranty.

 

Agreement

 

1.           In
order to induce Landlord to execute the foregoing Lease, and for other consideration, the receipt and sufficiency of which are
hereby acknowledged, the undersigned parties (collectively, jointly and severally referred to as the “undersigned”)
do hereby absolutely and unconditionally, jointly and severally, guarantee to Landlord, its successors and assigns, the full performance
and observance of all the covenants, conditions, and agreements provided to be performed and observed by Tenant in said Lease,
including, without limitation, the prompt payment of the Rent and all other amounts provided in said Lease to be paid by Tenant,
and all obligations of Tenant under any parking agreement, storage agreement, work agreement or other agreement between the parties
now or hereafter entered in connection with said Lease or the Premises or Property thereunder (collectively referred to herein
as the “Lease”).

 

2.           The
undersigned hereby waives acceptance and notice of acceptance of this Guaranty, and notice of non-payment, non-performance or non-observance,
and all other notices and all proof or demands.

 

3.           Further,
the undersigned expressly agrees that its obligations hereunder shall in no way be terminated, affected or impaired by reason of
the granting by Landlord of any indulgences to Tenant or by reason of the assertion against Tenant of any of the rights or remedies
reserved to Landlord pursuant to the provisions of said Lease or by the relief of the Tenant from any of the Tenant’s obligations
under said Lease by operation of law or otherwise, including without limitation the rejection of the Lease in a bankruptcy proceeding,
the undersigned hereby waiving all suretyship defenses.

 

4.           The
undersigned further covenants and agrees that this Guaranty shall remain and continue in full force and effect as to any renewal,
modification or extension of the Lease whether or not the undersigned shall have received any notice of or consented to such renewal,
modification or extension.

 

5.           The
undersigned further agrees that its liability hereunder shall be primary, and that in any right of action which shall accrue to
the Landlord under the Lease, the Landlord may, at its option, proceed against the undersigned and the Tenant, jointly or severally,
and may proceed against the undersigned without having commenced any action against or having obtained any judgement against the
Tenant. Landlord may proceed against any one or more Guarantors without proceeding against the others,

 

    	 	Oyster Point Marina Plaza Office Building Lease Guaranty
Kashiwa Fudosan America, Inc. :: ESSA Pharma Inc.

 page 1 of 2
	[Suite 520]

     

    

 

EXHIBIT G

 

and may release any Guarantor(s) or any security deposit, security
interest, or letter of credit without releasing the other Guarantors.

 

6.           It
is agreed that the failure of the Landlord to insist in any one or more instances upon strict performance or observance of any
of the terms, provisions, or covenants of the Lease or this Guaranty or to exercise any right therein or herein contained shall
not be construed or deemed to be a waiver or relinquishment for the future of such term, provision, covenant or right, but the
same shall continue and remain in full force and effect. Receipt by the Landlord of rent or other payments with knowledge of the
breach of any provision of the Lease shall not be deemed a waiver of such breach or of this Guaranty.

 

7.           No
assignment or other transfer of the Lease, or any interest therein, shall operate to extinguish or diminish the liability of the
undersigned hereunder.

 

8.           If
the laws applied by the jurisdiction in which this Guaranty is sought to be enforced require that the undersigned have any rights
not set forth herein, in order for this Guaranty to be valid or enforceable, then such rights shall be deemed a part hereof, but
only to the extent necessary to make this Guaranty valid and enforceable.

 

9.           If
Landlord obtains a judgement against the undersigned by reason of a breach of this Guaranty, the undersigned shall pay all reasonable
attorneys’ fees and costs incurred in any collection or attempted collection of the obligations hereby guaranteed or in enforcing
this Guaranty.

 

10.        This
Guaranty shall be binding upon and inure to the benefit of the parties and their respective heirs, administrators, executors, successors
and assigns.

 

If the Property is located
in a state in which community property laws are in effect, the undersigned has caused his (her) spouse to join in this Guaranty
by signing below; and if no such spouse has signed, the undersigned hereby represents and warrants that he (she) is unmarried.

 

In witness whereof, this Guaranty is executed
this March 5, 2018.

 

	Guarantor:	ESSA PHARMA INC., a Canada corporation organized under the laws of the Province of British Columbia
	 	 
	 	/s/ David
    Wood
	 	Chief Financial Officer

 

    	 	Oyster Point Marina Plaza Office Building Lease Guaranty
Kashiwa Fudosan America, Inc. :: ESSA Pharma Inc.

 page 2 of 2
	[Suite 520]

     

    

 

TABLE OF CONTENTS

 

	1	BASIC LEASE TERMS	1
	2	USE	5
	3	PREPARATION OF THE PREMISES	6
	4	ADJUSTMENTS OF RENT	8
	5	SECURITY DEPOSIT	14
	6	COMPLIANCE WITH LAWS	15
	7	HAZARDOUS MATERIALS	16
	8	SERVICES AND UTILITIES	17
	9	TENANT’S CHANGES	21
	10	TENANT’S PROPERTY	23
	11	CONDITION UPON SURRENDER	23
	12	REPAIRS AND MAINTENANCE.	24
	13	RULES AND REGULATIONS	25
	14	INSURANCE AND INDEMNIFICATION	25
	15	DAMAGE OR DESTRUCTION	29
	16	EMINENT DOMAIN	31
	17	ASSIGNMENT AND SUBLETTING	32
	18	SUBORDINATION AND ATTORNMENT	37
	19	FINANCING REQUIREMENTS	38
	20	DEFAULT	38
	21	LIMITATIONS ON LANDLORD’S LIABILITY	41
	22	ESTOPPEL CERTIFICATES	41
	23	NOTICES	42
	24	BROKERS	43
	25	RIGHTS RESERVED TO LANDLORD	43
	26	BUILDING PLANNING	44
	27	HOLDING OVER	45
	28	PARKING	45
	29	MISCELLANEOUS PROVISIONS.	46

 

    	 	Oyster Point Marina Plaza Lease Table of Contents
page T-1 of 1
	 

     

    

 

INDEX OF DEFINED TERMS

 

	A	 
	 	 
	Additional Rent	2, 8, 11, 22, 32, 33, 34, 35, 36, 46
	Adjustment Period	8, 9, 10, 11, 12, 13, 14
	Assumed Base Amount.	13
	Athletic Facility	4, 11, 51
	 	 
	B	 
	 	 
	Base Expense Year	8
	Base Operating Expenses	8, 12, 13
	Base Real Estate Taxes	8, 12, 13
	Base Rent	1, 2, 8, 12, 14, 19, 30, 33, 34, 35, 36, 38
	Base Tax Year	8, 13
	Building	1, 3, 4, 5, 8, 9, 10, 11, 12, 18, 19, 20, 21, 23, 24, 25, 27, 28, 30, 31, 33, 34, 35, 36, 37, 42, 43, 44, 45, 49
	Business Hours	18
	Business Personal Property	26, 27, 28
	 	 
	C	 
	 	 
	Claims	27, 28, 29, 34, 42, 43
	Code Costs	15
	Commencement Date	1, 2, 3, 7, 10, 11, 15, 19, 38, 41, 51
	Complex 	1, 2, 3, 4, 5, 8, 11, 13, 23, 29, 31, 33, 34, 37, 38, 39, 42, 44, 49
	 	 
	E	 
	 	 
	Event of Default	38, 39, 40
	Expiration Date	1, 2, 12, 15, 17, 23, 34
	 	 
	F	 
	 	 
	Force Majeure Delays	50
	 	 
	H	 
	 	 
	Hazardous Material	16, 17
	Holder	27, 37, 38, 41, 42
	Holidays	18, 46
	HVAC	17, 18, 19, 20
	 	 
	I	 
	 	 
	Improvements	6, 23, 24, 31, 44
	INC	1, 5, 18, 19, 21, 24, 25, 29
	IW	24
	 	 
	L	 
	 	 
	Landlord 	1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51
	Laws	5, 11, 15, 16, 18, 19, 22, 24 Lease i, 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51
	Lessor	27, 37, 38, 42
	 	 
	M	 
	 	 
	MPOE	18, 19

 

 

    	 	Oyster Point Marina Plaza Lease Table of Defined Terms
Page I-ii of 1
	 

     

    

  

	MSDS	16
	 	 
	O	 
	 	 
	Occupancy Conditions	6, 7
	Operating Expenses	 8, 9, 11, 12, 13, 14, 31
	 	 
	P	 
	 	 
	Parking Facility	45
	Permitted Occupant	33, 37
	Premises	1, 2, 4, 5, 6, 7, 8, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 27, 28, 29, 30, 31, 32, 33, 34, 36, 37, 38, 39, 40, 41, 43, 44, 45, 46, 47, 49, 50, 51
	Prime Rate	3
	Property	 1, 3, 4, 5, 8, 9, 10, 11, 13, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 35, 37, 38, 39, 41, 42, 43, 44, 46
	 	 
	R	 
	 	 
	Real Estate Taxes	8, 9, 12, 13, 14
	Rent	1, 2, 3, 4, 7, 8, 9, 11, 12, 14, 15, 19, 20, 22, 28, 30, 31, 32, 33, 34, 35, 36, 38, 39, 40, 42, 43, 45, 46, 47
	Rental Adjustment	8, 11, 12
	Rules	4, 25, 51
	 	 
	S	 
	 	 
	Security Deposit	14, 15
	State	1, 9, 15, 26, 49
	Statement	12, 14
	Subsequent Operating Expenses	12, 13
	Successor Landlord	38
	Superior Leases	37
	Superior Mortgages	11, 37
	Systems and Equipment	3, 4, 5, 6, 11, 17, 18, 19, 20, 21, 25, 29, 44
	 	 
	T	 
	 	 
	Table	1, 2, 7, 8, 45
	Takings	31
	Temporary Condemnation	31
	Tenant	1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50
	Tenant Delays	7
	Term	1, 2, 3, 6, 7, 8, 9, 10, 12, 13, 15, 18, 21, 23, 27, 31, 32, 40, 44, 45, 47, 50
	Transfer	 32, 33, 34, 35, 36, 39, 41
	Transfer Notice	32, 33, 34
	Transfer Premium	35
	 	 
	U	 
	 	 
	Utilities	9
	 	 
	W	 
	 	 
	Work	6, 7, 23, 24, 51

 

    	 	Oyster Point Marina Plaza Lease Table of Defined Terms
Page I-iii of 2
	 

     

    

 

COMMENCEMENT DATE AGREEMENT

 

THIS COMMENCEMENT DATE AGREEMENT (the “Agreement”)
is made and entered into as of March 23, 2018 by and among Kashiwa Fudosan America, Inc., a California corporation (“Landlord”)
and ESSA Pharmaceuticals Corp, a Texas corporation (“Tenant”).

 

Tenant and Landlord acknowledge and agree as
follows:

 

		1.	Tenant has received a fully-executed counterpart of the
Lease Agreement dated March 5, 2018 for Premises referred to as Suite 520 at 400 Oyster Point Boulevard in the Oyster Point Marina
Plaza consisting of 3,021 rentable square feet (“Premises”).

 

		2.	The Commencement Date for the Premises shall be March 23,
2018 and the Expiration Date shall be March 31, 2021. The Table in Paragraph 1.2 of the Lease shall be replaced in its entirety
by the Commencement Date Table as follows:

 

	Periods	 	Suite
 No.
	 	RSF	 	USF	 	Monthly
 Base Rent	 	 	Tenant’s
 Share
 Bldg
	 	 	Tenant’s
 Share
 Complex	 	 	Base

 Year	 
	3/23/18 to 3/31/18	 	520	 	3,021	 	2,537	 	$	2,762.75	 	 	 	1.294	%	 	 	0.646	%	 	 	2018	 
	4/01/1 8 to 3/31/19	 	520	 	3,021	 	2,537	 	$	9,516.15	 	 	 	1.294	%	 	 	0.646	%	 	 	2018	 
	4/01/1 9 to 3/31/20	 	520	 	3,021	 	2,537	 	$	9,801.53	 	 	 	1.294	%	 	 	0.646	%	 	 	2018	 
	4/01/20 to 3/31121	 	520	 	3,021	 	2,537	 	$	10,095.68	 	 	 	1.294	%	 	 	0.646	%	 	 	2018	 

 

In the event of any conflict between the tenns
contained in the Commencement Date Table and the Lease Table in Paragraph 1.2, the tenns of
the Commencement Date Table shall control.

 

		3.	Landlord’s Representative. Tenant acknowledges and
agrees that, in executing this Lease, TAK Development, Inc., a California corporation, is acting solely in its capacity as Landlord’s
authorized attorney-in fact. TAK Development, Inc. is not acquiring or assuming any legal liability or obligation to any other
party executing this Lease, and any claim or demand of any such other party arising under or with respect to this Lease shall
be made and enforced solely against Landlord.

 

In
Witness Whereof, the parties have executed this Agreement as of the date first above written.

 

	Landlord:	Kashiwa Fdosan America, Inc., a California corporation
	 	 	 	 
	 	By:	TAK Development, Inc., a California	 
	 	Its:	corporation Attorney-in-Fact	 
	 	 	 	 
	 	By:	(SIGNED) “Tomoki Miura”	 
	 	 	Tomoki Miura, Senior Manager	 
	 	 	 	 
	Tenant:	ESSA Pharmaceuticals Corp, a Texas corporation	 
	 	 	 	 
	 	By:	(SIGNED) “Michele Benjamin”	 
	 	 	Michele Benjamin, Senior Director Administration

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