Document:

EX-10.3

 Exhibit 10.3 

7/04 
 STANDARD FORM OF OFFICE
LEASE 
 The Real Estate Board of New York, Inc. 

Agreement of Lease, made as of this 14th day of March in the year 2014
                , between BROADWAY 26 WATERVIEW LLC, c/o Newmark Grubb Knight Frank, 125 Park Avenue, New York, New York 10017, party of the first part, hereinafter
referred to as OWNER and MOBO SYSTEMS, INC., d.b.a. OLO, 19 Fulton Street, Suite 406, New York, New York 10038, party of the second part, hereinafter ·referred to as TENANT, 

 

	Witnesseth:	 Owner hereby leases to Tenant and Tenant hereby hires from Owner the entire rentable area of the 24th floor, as
more particularly described in Exhibit A attached hereto and made a part hereof 

 in the building known as 26 Broadway in the Borough of
Manhattan                 , City of New York, for the term of                 See Rider

 (or until such term shall sooner cease and expire as hereinafter provided) to commence on the Commencement Date (as defined in
Section 39.1)                 , and to end on the Expiration Date (as defined in Section 40.1.1(viii))
                , and both dates inclusive, at the annual rental rate of 

See Rider 
 which Tenant agrees to pay in lawful
money of the United States, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment, in equal monthly installments in advance on the first day of each month during said term, at the office of Owner or
such other place as Owner may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first                 monthly installment(s) on the
execution hereof (unless this lease be a renewal). 
 In the event that, at the commencement of the term of this lease, or thereafter,
Tenant shall be in default in the payment of rent to Owner pursuant to the terms of another lease with Owner or with Owner’s predecessor in interest, Owner may at Owner’s option and without notice to Tenant add the amount of such arrears
to any monthly installment of rent payable hereunder and the same shall be payable to Owner as additional rent. 
 The parties hereto, for
themselves, their heirs, distributees, executors, administrators, legal representatives, successors and assigns, hereby covenant as follows: 

	Rent:	 1. Tenant shall pay the rent as above and as hereinafter provided. 

	Occupancy:	 2. Tenant shall use and occupy the demised premises for general executive and administrative
offices                    and for no other purpose. 

 

 Tenant Alterations: 

3. 3.1 Tenant shall make no changes in or to the demised premises of any nature without Owner’s prior written consent. Subject to the prior written
consent of Owner, and to the provisions of this article, 3.2 Tenant, at Tenant’s expense, may make alterations, installations, additions or improvements which are non-structural and which do not affect
utility services or plumbing and electrical lines, in or to the interior of the demised premises, by using contractors or mechanics first approved in each instance by Owner. Tenant shall, before making any alterations, additions, installations or
improvements, at its expense, obtain all permits, approvals and certificates required by any governmental or quasi-governmental bodies and (upon completion) certificates of final approval thereof, and shall deliver promptly duplicates of all such
permits, approvals and certificates to Owner, and Tenant agrees to carry, and will cause Tenant’s contractors and sub-contractors to carry, such worker’s compensation, commercial general liability,
personal and property damage insurance as Owner may require. If any mechanic’s lien is filed against the demised premises, or the building of which the same forms a part, for work claimed to have been done for, or materials furnished to,
Tenant, whether or not done pursuant to this article, the same shall be discharged by Tenant within thirty days thereafter, at Tenant’s expense, by payment or filing a bond as permitted by law. All fixtures and all paneling, partitions,
railings and like installations, installed in the demised premises at any time, either by Tenant or by Owner on Tenant’s behalf, shall, upon installation, become the property of Owner and shall remain upon and be surrendered with the demised
premises unless Owner, by notice to Tenant no later than twenty days prior to the date fixed as the termination of this lease, elects to relinquish Owner’s right thereto and to have them removed by Tenant, in which event the same shall be
removed from the demised premises by Tenant prior to the expiration of the lease, at Tenant’s expense. 3.3 Nothing in this article shall be construed to give Owner title to, or to prevent Tenant’s removal of, trade fixtures, moveable
office furniture and equipment, but upon removal of same from the demised premises or upon removal, of other installations as may be required by Owner, Tenant shall immediately, and at its expense, repair and restore the demised premises to the
condition existing prior to any such installations, and repair any damage to the demised premises or the building due to such removal. All property permitted or required to be removed by Tenant at the end of the term remaining in the demised
premises after Tenant’s removal shall be deemed abandoned and may, at the election of Owner, either be retained as Owner’s property or may be removed from the demised premises by Owner, at Tenant’s expense. 

Maintenance and Repairs: 
 4. Tenant shall, throughout the
term of this lease, take good care of the demised premises and the fixtures and appurtenances therein. Tenant shall be responsible for all damage or injury to the demised premises or any other part of the building and the systems and equipment
thereof, whether requiring structural or nonstructural repairs caused by, or resulting from, carelessness, omission, neglect or improper conduct of Tenant, Tenant’s subtenants, agents, employees, invitees or licensees, or which arise out of any
work, labor, service or equipment done for, or supplied to, Tenant or any subtenant, or arising out of the installation, use or operation of the property or

 
equipment of Tenant or any subtenant. Tenant shall also repair all damage to the building and the demised premises caused by the moving of Tenant’s fixtures, furniture and equipment. Tenant
shall promptly make, at Tenant’s expense, all repairs in and to the demised premises for which Tenant is responsible, using only the contractor for the trade or trades in question, selected from a list of at least two contractors per trade
submitted by Owner. Any other repairs in or to the building or the facilities and systems thereof, for which Tenant is responsible, shall be performed by Owner at the Tenant’s expense. Owner shall maintain in good working order and repair the
exterior and the structural portions of the building, including the structural portions of the demised premises, and the public portions of the building interior and the building plumbing, electrical, heating and ventilating systems (to the extent
such systems presently exist) serving the demised premises. Tenant agrees to give prompt notice of any defective condition in the demised premises for which Owner may be responsible hereunder. There shall be no allowance to Tenant for diminution of
rental value and no liability on the part of Owner by reason of inconvenience, annoyance or injury to business arising from Owner or others making repairs, alterations, additions or improvements in or to any portion of the building or the demised
premises, or in and to the fixtures, appurtenances or equipment thereof. It is specifically agreed that Tenant shall not be entitled to any setoff or reduction of rent by reason of any failure of Owner to comply with the covenants of this or any
other article of this lease. Tenant agrees that Tenant’s sole remedy at law in such instance will be by way of an action for damages for breach of contract. The provisions of this Article 4 shall not apply in the case of fire or other casualty,
which are dealt with in Article 9 hereof. 
 Window Cleaning: 

5. Tenant will not clean nor require, permit, suffer or allow any window in the demised premises to be cleaned from the outside in violation of
Section 202 of the Labor Law or any other applicable law, or of the Rules of the Board of Standards and Appeals, or of any other Board or body having or asserting jurisdiction. 

Requirements of Law, Fire Insurance, Floor Loads: 

6. Prior to the commencement of the lease term, if Tenant is then in possession, and at all times thereafter, Tenant, at Tenant’s sole cost and expense,
shall promptly comply with all present and future laws, orders and regulations of all state, federal, municipal and local governments, departments, commissions and boards and any direction of any public officer pursuant to law, and all orders, rules
and regulations of the New York Board of Fire Underwriters, Insurance Services Office, or any similar body which shall impose any violation, order or duty upon Owner or Tenant with respect to the demised premises, arising out of Tenant’s use or
manner of use thereof, 6.1 or, with respect to the building if arising out of Tenant’s use or manner of use of the demised premises or the building 6.1. Nothing herein shall require Tenant to make structural repairs or alterations unless Tenant
has, by its manner of use of the demised premises or method of operation therein, violated any such laws, ordinances, orders, rules, regulations or requirements with respect thereto. Tenant may, after securing Owner to Owner’s satisfaction
against all damages, interest, penalties and expenses, including, 

 

  
 4. 

 
but not limited to, reasonable attorney’s fees, by cash deposit or by surety bond in an amount and in a company satisfactory to Owner, contest and appeal any such laws, ordinances, orders,
rules, regulations or requirements provided same is done with all reasonable promptness and provided such appeal shall not subject Owner to prosecution for a criminal offense, or constitute a default under any lease or mortgage under which Owner may
be obligated, or cause the demised premises or any part thereof to be condemned or vacated. Tenant shall not do or permit any act or thing to be done in or to the demised premises which is contrary to law, or which will invalidate or be in conflict
with public liability, fire or other policies of insurance at any time carried by or for the benefit of Owner with respect to the demised premises or the building of which the demised premises form a part, or which shall or might subject Owner to
any liability or responsibility to any person, or for property damage. Tenant shall not keep anything in the demised premises, except as now or hereafter permitted by the Fire Department, Board of Fire Underwriters, Fire Insurance Rating
Organization or other authority having jurisdiction, and then only in such manner and such quantity so as not to increase the rate for fire insurance applicable to the building, nor use the demised premises in a manner which will increase the
insurance rate for the building or any property located therein over that in effect prior to the commencement of Tenant’s occupancy. Tenant shall pay all costs, expenses, fines, penalties, or damages, which may be imposed upon Owner by reason
of Tenant’s failure to comply with the provisions of this article, and if by reason of such failure the fire insurance rate shall, at the beginning of this lease, or at any time thereafter, be higher than it otherwise would be, then, Tenant
shall reimburse Owner, as additional rent hereunder, for that portion of all fire insurance premiums thereafter paid by Owner which shall have been charged because of such failure by Tenant. In any action or proceeding wherein Owner and Tenant are
parties, a schedule or “make-up” of rate for the building or the demised premises issued by the New York Fire Insurance Exchange, or other body making fire insurance rates applicable to said premises
shall be conclusive evidence of the facts therein stated and of the several items and charges in the fire insurance rates then applicable to said premises. Tenant shall not place a load upon any floor of the demised premises exceeding the floor load
per square foot area which it was designed to carry and which is allowed by law. Owner reserves the right to prescribe the weight and position of all safes, business machines and mechanical equipment. Such installations shall be placed and
maintained by Tenant, at Tenant’s expense, in settings sufficient, in Owner’s judgment, to absorb and prevent vibration, noise and annoyance. 

Subordination: 
 7. This lease is subject and subordinate
to all ground or underlying leases and to all mortgages which may now or hereafter affect such leases or the real property of which the demised premises are a part, and to all renewals, modifications, consolidations, replacements and extensions of
any such underlying leases and mortgages. This clause shall be self-operative and no further instrument of subordination shall be required by any ground or underlying lessor or by any mortgagee, affecting any lease or the real property of which the
demised premises are a part. In confirmation of such subordination, Tenant shall from time to time execute promptly any certificate that Owner may request. 

Property Loss, Damage Reimbursement Indemnity: 
 8. Owner
or its agents shall not be liable for any damage to property of Tenant or of others entrusted to employees of the building, nor for loss of or damage to any property of Tenant by theft or otherwise, nor for any injury or damage to persons or
property resulting from any cause of whatsoever nature, unless caused by, or due to, the negligence 8.1 of Owner, its agents, servants or employees. Owner or its agents will not be liable for any such damage caused by other tenants or persons in,
upon or about said building, or caused by operations in construction of any private, public or quasi public work. If at any time any windows of the demised premises are temporarily closed, darkened or bricked up (or permanently closed, darkened or
bricked up, if required by law) for any reason whatsoever including, but not limited to, Owner’s own acts, Owner shall not be liable for any damage Tenant may sustain thereby, and Tenant shall not be entitled to any compensation therefore, nor
abatement or diminution of rent, nor shall the same release Tenant from its obligations hereunder, nor constitute an eviction. Tenant shall indemnify and save harmless Owner against and from all liabilities, obligations, damages, penalties, claims,
costs and expenses for which Owner shall not be reimbursed by insurance, including reasonable attorneys’ fees, paid, suffered or incurred as a result of any breach by Tenant, Tenant’s agents, contractors, employees, invitees, or licensees,
of any covenant or condition of this lease, or the carelessness, negligence or improper conduct of the Tenant, Tenant’s agents , contractors, employees, invitees or licensees. Tenant’s liability under this lease extends to the acts and
omissions of any subtenant, and any agent, contractor, employee, invitee or licensee of any subtenant. In case any action or proceeding is brought against Owner by reason of any such claim, Tenant, upon written notice from Owner, will, at
Tenant’s expense, resist or defend such action or proceeding by counsel approved by Owner in writing, such approval not to be unreasonably withheld. 

Destruction, Fire and Other Casualty: 
 9. (a) If the
demised premises or any part thereof shall be damaged by fire or other casualty, Tenant shall give immediate notice thereof to Owner, and this lease shall continue in full force and effect except as hereinafter set forth. (b) If the demised
premises are partially damaged or rendered partially unusable by fire or other casualty, the damages thereto shall be repaired by, and at the expense of, Owner, and the rent and other items of additional rent, until such repair shall be
substantially completed, shall be apportioned from the day following the casualty, according to the part of the demised premises which is usable. (c) If the demised premises are totally damaged or rendered wholly unusable by fire or other
casualty, then the rent and other items of additional rent, as

 
hereinafter expressly provided, shall be proportionately paid up to the time of the casualty, and thenceforth shall cease until the date when the demised premises shall have been repaired and
restored by Owner (or if sooner reoccupied in part by the Tenant then rent shall be apportioned as provided in subsection (b) above), subject to Owner’s right to elect not to restore the same as hereinafter provided. (d) If the
demised premises are rendered wholly unusable or (whether or not the demised premises are damaged in whole or in part) if the building shall be so damaged that Owner shall decide to demolish it or to rebuild it, then, in any of such events, Owner
may elect to terminate this lease by written notice to Tenant, given within ninety (90) days after such fire or casualty, or thirty (30) days after adjustment of the insurance claim for such fire or casualty, whichever is sooner,
specifying a date for the expiration of the lease, which date shall not be more than sixty (60) days after the giving of such notice, and upon the date specified in such notice the term of this lease shall expire as fully and completely as if
such date were the date set forth above for the termination of this lease, and Tenant shall forthwith quit, surrender and vacate the demised premises without prejudice however, to Landlord’s rights and remedies against Tenant under the lease
provisions in effect prior to such termination, and any rent owing shall be paid up to such date, and any payments of rent made by Tenant which were on account of any period subsequent to such date shall be returned to Tenant. Unless Owner shall
serve a termination notice as provided for herein, Owner shall make the repairs and restorations under the conditions of (b) and (c) hereof, with all reasonable expedition, subject to delays due to adjustment of insurance claims, labor troubles
and causes beyond Owner’s control. After any such casualty, Tenant shall cooperate with Owner’s restoration by removing from the demised premises as promptly as reasonably possible, all of Tenant’s salvageable inventory and movable
equipment, furniture, and other property. Tenant’s liability for rent shall resume 9.1 days after written notice from Owner that the demised premises are substantially ready for Tenant’s occupancy. (e) Nothing contained hereinabove
shall relieve Tenant from liability that may exist as a result of damage from fire or other casualty. Notwithstanding anything contained to the contrary in subdivisions (a) through (e) hereof, including Owner’s obligation to restore under
subparagraph (b) above, each party shall look first to any insurance in its favor before making any claim against the other party for recovery for loss or damage resulting from fire or other casualty, and to the extent that such insurance is in
force and collectible, and to the extent permitted by law, Owner and Tenant each hereby releases and waives all right of recovery with respect to subparagraphs (b), (d), and (e) above, against the other, or any one claiming through or under
each of them by way of subrogation or otherwise. The release and waiver herein referred to shall be deemed to include any loss or damage to the demised premises and/or to any personal property, equipment, trade fixtures, goods and merchandise
located therein. The foregoing release and waiver shall be in force only if both releasors’ insurance policies contain a clause providing that such a release or waiver shall not invalidate the insurance. If, and to the extent, that such waiver
can be obtained only by the payment of additional premiums, then the party benefiting from the waiver shall pay such premium within ten days after written demand or shall be deemed to have agreed that the party obtaining insurance coverage shall be
free of any further obligation under the provisions hereof with respect to waiver of subrogation. Tenant acknowledges that Owner will not carry insurance on Tenant’s furniture and/or furnishings or any fixtures or equipment, improvements, or
appurtenances removable by Tenant, and agrees that Owner will not be obligated to repair any damage thereto or replace the same. (f) Tenant hereby waives the provisions of section 227 of the Real Property Law and agrees that the provisions of
this article shall govern and control in lieu thereof. 9.2 
 Eminent Domain: 

10. If the whole or any part of the demised premises shall be acquired or condemned by Eminent Domain for any public or quasi public use or purpose, then, and
in that event, the term of this lease shall cease and terminate from the date of title vesting in such proceeding, and Tenant shall have no claim for the value of any unexpired term of said lease, and assigns to Owner, Tenant’s entire interest
in any such award. Tenant shall have the right to make an independent claim to the condemning authority for the value of Tenant’s moving expenses and personal property, trade fixtures and equipment, provided Tenant is entitled pursuant to the
terms of the lease to remove such property, trade fixtures and equipment at the end of the term, and provided further such claim does not reduce Owner’s award. 

Assignment, Mortgage, Etc.: 
 11. 11.1 Tenant, for itself,
its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part
thereof to be used by others, without the prior written consent of Owner in each instance. Transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership or other legal entity which is Tenant shall be deemed
an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, under-tenant or occupant, and apply
the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, or a release of
Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way be construed to relieve Tenant from obtaining the express consent in
writing of Owner to any further assignment or underletting. 

 

  
 5. 

 
 Electric Current: 

12. Rates and conditions in respect to submetering or rent inclusion, as the case may be, to be added in RIDER attached hereto. Tenant covenants and agrees
that at all times its use of electric current shall not exceed the capacity of existing feeders to the building or the risers or wiring installation, and Tenant may not use any electrical equipment which, in Owner’s opinion, reasonably
exercised, will overload such installations or interfere with the use thereof by other tenants of the building. The change at any time of the character of electric service shall in no way make Owner liable or responsible to Tenant, for any loss,
damages or expenses which Tenant may sustain. 
 Access to Premises: 

13. Owner or Owner’s agents shall have the right (but shall not be obligated) to enter the demised premises in any emergency at any time, and, at other
reasonable times, to examine the same and to make such repairs, replacements and improvements as Owner may deem necessary and reasonably desirable to the demised premises or to any other portion of the building or which Owner may elect to perform
13.1. Tenant shall permit Owner to use and maintain and replace pipes, ducts, and conduits in and through the demised premises and to erect new pipes, ducts, and conduits therein, provided they are concealed within the walls, floor, or ceiling.
Owner may, during the progress of any work in the demised premises, take all necessary materials and equipment into said premises without the same constituting an eviction, nor shall the Tenant be entitled to any abatement of rent while such work is
in progress, nor to any damages by reason of loss or interruption of business or otherwise. Throughout the term hereof, Owner shall have the right to enter the demised premises at reasonable hours 13.2 for the purpose of showing the same to
prospective purchasers or mortgagees of the building, and during the last six months of the term, for the purpose of showing the same to prospective tenants. If Tenant is not present to open and permit an entry into the demised premises, Owner or
Owner’s agents may enter the same whenever such entry may be necessary or permissible by master key 13.3 and provided reasonable care is exercised to safeguard Tenant’s property, such entry shall not render Owner or its agents liable
therefore, nor in any event shall the obligations of Tenant hereunder be affected. If during the last month of the term Tenant shall have removed all or substantially all of Tenant’s property therefrom, Owner may immediately enter, alter,
renovate or redecorate the demised premises without limitation or abatement of rent, or incurring liability to Tenant for any compensation, and such act shall have no effect on this lease or Tenant’s obligations hereunder. 

Vault, Vault Space, Area: 
 14. No vaults, vault space or
area, whether or not enclosed or covered, not within the property line of the building, is leased hereunder, anything contained in or indicated on any sketch, blue print or plan, or anything contained elsewhere in this lease to the contrary
notwithstanding. Owner makes no representation as to the location of the property line of the building. All vaults and vault space and all such areas not within the property line of the building, which Tenant may be permitted to use and/or occupy,
is to be used and/or occupied under a revocable license, and if any such license be revoked, or if the amount of such space or area be diminished or required by any federal, state or municipal authority or public utility, Owner shall not be subject
to any liability, nor shall Tenant be entitled to any compensation or diminution or abatement of rent, nor shall such revocation, diminution or requisition be deemed constructive or actual eviction. Any tax, fee or charge of municipal authorities
for such vault or area shall be paid by Tenant. 
 Occupancy: 

15. Tenant will not at any time use or occupy the demised premises in violation of the certificate of occupancy issued for the building of which the demised
premises are a part. 15.1 Tenant has inspected the demised premises and accepts them as is, subject to the riders annexed hereto with respect to Owner’s work, if any. In any event, Owner makes no representation as to the condition of the
demised premises, and Tenant agrees to accept the same subject to violations, whether or not of record. 15.2 
 Bankruptcy: 

16. (a) Anything elsewhere in this lease to the contrary notwithstanding, this lease may be cancelled by Owner by the sending of a written notice to Tenant
within a reasonable time after the happening of any one or more of the following events: (1) the commencement of a case in bankruptcy or under the laws of any state naming Tenant (or a guarantor of any of Tenant’s obligations under this
lease) as the debtor; or (2) the making by Tenant (or a guarantor of any of Tenant’s obligations under this lease) of an assignment or any other arrangement for the benefit of creditors under any state statute. Neither Tenant nor any
person claiming through or under Tenant, or by reason of any statute or order of court, shall thereafter be entitled to possession of the premises demised but shall forthwith quit and surrender the demised premises. If this lease shall be assigned
in accordance with its terms, the provisions of this Article 16 shall be applicable only to the party then owning Tenant’s interest in this lease. 

(b) It is stipulated and agreed that in the event of the termination of this lease pursuant to (a) hereof, Owner shall forthwith,
notwithstanding any other provisions of this lease to the contrary, be entitled to recover from Tenant as and for liquidated damages, an amount equal to the difference between the rent reserved hereunder for the unexpired portion of the term demised
and the fair and reasonable rental value of the demised premises for the same period. In the computation of such damages the difference between any installment of rent becoming due hereunder after the date of termination, and the fair and reasonable
rental value of the demised premises for the period for which such installment was payable, shall be discounted to the date of termination at the rate of four percent (4%) per annum. If such demised premises or any part thereof be re-let by the Owner for the unexpired term of said lease, or any part thereof, before presentation of proof of such liquidated damages to any court, commission or tribunal, the amount of rent reserved upon such re-letting shall be deemed to be the fair and reasonable rental value

 
for the part or the whole of the demised premises so re-let during the term of the re-letting. Nothing herein
contained shall limit or prejudice the right of the Owner to prove for and obtain as liquidated damages, by reason of such termination, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing
the proceedings in which, such damages are to be proved, whether or not such amount be greater, equal to, or less than, the amount of the difference referred to above. 

Default: 
 17. (1) If Tenant defaults in fulfilling any of
the covenants of this lease other than the covenants for the payment of rent or additional rent; or if the demised premises become vacant or deserted; or if any execution or attachment shall be issued against Tenant or any of Tenant’s property,
whereupon the demised premises shall be taken or occupied by someone other than Tenant; or if this lease be rejected under §365 of Title 11 of the U.S. Code (Bankruptcy Code); or if Tenant shall have failed, after 17.1 days written notice, to
redeposit with Owner any portion of the security deposit hereunder which Owner has applied to the payment of any rent and additional rent due and payable hereunder; or if Tenant shall be in default with respect to any other lease between Owner and
Tenant; or if Tenant shall fail to move into or take possession of the demised premises within thirty (30) days after the commencement of the term of this lease, then, in any one or more of such events, upon Owner serving a written 17.2 days
notice upon Tenant specifying the nature of said default, and upon the expiration of said days, if Tenant shall have failed to comply with or remedy such default, or if the said default or omission complained of shall be of a nature that the same
cannot be completely cured or remedied within said day period, and if Tenant shall not have diligently commenced curing such default within such day period, and shall not thereafter with reasonable diligence and in good faith, proceed to remedy or
cure such default, then Owner may serve a written five (5) days notice of cancellation of this lease upon Tenant, and upon the expiration of said five (5) days this lease and the term thereunder shall end and expire as fully and completely
as if the expiration of such five (5) day period were the day herein definitely fixed for the end and expiration of this lease and the term thereof, and Tenant shall then quit and surrender the demised premises to Owner, but Tenant shall remain
liable as hereinafter provided. 
 (2) If the notice provided for in (1) hereof shall have been given, and the term shall expire as
aforesaid; or if Tenant shall make default in the payment of the rent reserved herein, or any item of additional rent herein mentioned, or any part of either, or in making any other payment herein required; then, and in any of such events, Owner may
17.3, re-enter the demised premises either by force or otherwise, and dispossess Tenant by summary proceedings or otherwise, and the legal representative of Tenant or other occupant of the demised premises,
and remove their effects and hold the demised premises as if this lease had not been made, and Tenant hereby waives the service of notice of intention to re-enter or to institute legal proceedings to that end.
If Tenant shall make default hereunder prior to the date fixed as the commencement of any renewal or extension of this lease, Owner may cancel and terminate such renewal or extension agreement by written notice. 

Remedies of Owner and Waiver of Redemption: 
 18. In case
of any such default, re-entry, expiration and/or dispossess by summary proceedings or otherwise, (a) the rent shall become due thereupon and be paid up to the time of such
re-entry, dispossess and/or expiration, (b) Owner may re-let the demised premises or any part or parts thereof, either in the name of Owner or otherwise, for a term
or terms, which may at Owner’s option be less than or exceed the period which would otherwise have constituted the balance of the term of this lease, and may grant concessions or free rent or charge a higher rental than that in this lease,
and/or (c) Tenant or the legal representatives of Tenant shall also pay to Owner as liquidated damages for the failure of Tenant to observe and perform said Tenant’s covenants herein contained, any deficiency between the rent hereby
reserved and/or covenanted to be paid and the net amount, if any, of the rents collected on account of the lease or leases of the demised premises for each month of the period which would otherwise have constituted the balance of the term of this
lease. The failure of Owner to relet the demised premises, or any part or parts thereof, shall not release or affect Tenant’s liability for damages. In computing such liquidated damages there shall be added to the said deficiency such expenses
as Owner may incur in connection with re-letting, such as legal expenses, reasonable attorney’s fees, brokerage, advertising and for keeping the demised premises in good order or for preparing the same
for re-letting. Any such liquidated damages shall be paid in monthly installments by Tenant on the rent day specified in this lease, and any suit brought to collect the amount of the deficiency for any month
shall not prejudice in any way the rights of Owner to collect the deficiency for any subsequent month by a similar proceeding. Owner, in putting the demised premises in good order or preparing the same for
re-rental may, at Owner’s option, make such alterations, repairs, replacements, and/or decorations in the demised premises as Owner, in Owner’s sole judgment, considers advisable and necessary for
the purpose of re-letting the demised premises, and the making of such alterations, repairs, replacements, and/or decorations shall not operate or be construed to release Tenant from liability hereunder as
aforesaid. Owner shall in no event be liable in any way whatsoever for failure to re-let the demised premises, or in the event that the demised premises are re-let, for
failure to collect the rent thereof under such reletting, and in no event shall Tenant be entitled to receive any excess, if any, of such net rents collected over the sums payable by Tenant to Owner hereunder. In the event of a breach or threatened
breach by Tenant of any of the covenants or provisions hereof, Owner shall have the right of injunction and the right to invoke any remedy allowed at law or in equity as if re-entry, summary proceedings and
other remedies were not herein provided for. Mention in this lease of any particular remedy, shall not preclude Owner from any other remedy, in law or in equity. Tenant hereby expressly waives any and all rights of redemption granted by or under any

 

  
 6. 

 
 present or future laws in the event of Tenant being evicted or dispossessed for any cause, or in the event of
Owner obtaining possession of the demised premises, by reason of the violation by Tenant of any of the covenants and conditions of this lease, or otherwise. 

Fees and Expenses: 
 19. If Tenant shall default in 19.1
the observance or performance of any term or covenant on Tenant’s part to be observed or performed under, or by virtue of, any of the terms or provisions in any article of this lease, after notice, if required, and upon expiration of any
applicable grace period, if any, (except in an emergency), then, unless otherwise provided elsewhere in this lease, Owner may immediately, or at any time thereafter and without notice, perform the obligation of Tenant thereunder. If Owner, in
connection with the foregoing, or in connection with any default by 19.1 Tenant in the covenant to pay rent hereunder, makes any expenditures or incurs any obligations for the payment of money, including but not limited to reasonable attorneys’
fees, in instituting, prosecuting or defending any action or proceeding, and prevails in any such action or proceeding, then Tenant will reimburse Owner for such sums so paid, or obligations incurred, with interest and costs. The foregoing expenses
incurred by reason of Tenant’s default shall be deemed to be additional rent hereunder, and shall be paid by Tenant to Owner within ten (10) days of rendition of any bill or statement to Tenant therefore. If Tenant’s lease term shall
have expired at the time of making of such expenditures or incurring of such obligations, such sums shall be recoverable by Owner, as damages. 

Building Alterations and Management: 
 20. Owner shall
have the right at any time without the same constituting an eviction and without incurring liability to Tenant therefore, to change the arrangement and/or location of public entrances, passageways, doors, doorways, corridors, elevators, stairs,
toilets or other public parts of the building, and to change the name, number or designation by which the building may be known. 20.1 shall be no allowance to Tenant for diminution of rental value and no liability on the part of Owner by reason of
inconvenience, annoyance or injury to business arising from Owner or other Tenants making any repairs in the building or any such alterations, additions and improvements. Furthermore, Tenant shall not have any claim against Owner by reason of
Owner’s imposition of such controls of the manner of access to the building by Tenant’s social or business visitors as the Owner may deem necessary for the security of the building and its occupants. 

No Representations Owner: 
 21. Neither Owner nor
Owner’s agents have made any representations or promises with respect to the physical condition of the building, the land upon which it is erected or the demised premises, the rents, leases, expenses of operation or any other matter or thing
affecting or related to the demised premises, except as herein expressly set forth, and no rights, easements or licenses are acquired by Tenant by implication or otherwise, except as expressly set forth in the provisions of this lease. Tenant has
inspected the building and the demised premises and is thoroughly acquainted with their condition and agrees to take the same “as-is”, and acknowledges that the taking of possession of the demised
premises by Tenant shall be conclusive evidence that the said premises and the building of which the same form a part were in good and satisfactory condition at the time such possession was so taken, except as to latent defects. 21.1 All
understandings and agreements heretofore made between the parties hereto are merged in this contract, which alone fully and completely expresses the agreement between Owner and Tenant, and any executory agreement hereafter made shall be ineffective
to change, modify, discharge or effect an abandonment of it in whole or in part, unless such executory agreement is in writing and signed by the party against whom enforcement of the change, modification, discharge or abandonment is sought. 

End of Term: 
 22. Upon the expiration or other
termination of the term of this lease, Tenant shall quit and surrender to Owner the demised premises, “broom-clean”, in good order and condition, ordinary wear 22.1 and damages which Tenant is not required to repair as provided elsewhere
in this lease excepted, and Tenant shall remove all its property. Tenant’s obligation to observe or perform this covenant shall survive the expiration or other termination of this lease. If the last day of the term of this lease or any renewal
thereof, falls on Sunday, this lease shall expire at noon on the preceding Saturday, unless it be a legal holiday, in which case it shall expire at noon on the preceding business day. 

Quiet Enjoyment: 
 23. Owner covenants and agrees with
Tenant that upon Tenant paying the rent and additional rent and observing and performing all the terms, covenants and conditions, on Tenant’s part to be observed and performed, Tenant may peaceably and quietly enjoy the premises hereby demised,
subject, nevertheless, to the terms and conditions of this lease including, but not limited to, Article 31 hereof, and to the ground leases, underlying leases and mortgages hereinbefore mentioned. 

Failure to Give Possession: 
 24. If Owner is unable to
give possession of the demised premises on the date of the commencement of the term hereof because of the holding-over or retention of possession of any tenant, undertenant or occupants, or if the demised premises are located in a building being
constructed, because such building has not been sufficiently completed to make the demised premises ready for occupancy, or because of the fact that a certificate of occupancy has not been procured, or for any other reason, Owner shall not be
subject to any liability for failure to give possession on said date and the validity of the lease shall not be impaired under such circumstances, nor shall the same be construed in any way to extend the term of this lease, but 24.1 rent payable
hereunder shall be abated (provided Tenant is not responsible for Owner’s inability to obtain possession or complete construction) until after Owner shall have given Tenant written notice that the

 
Owner is able to deliver possession in condition required by this lease. If permission is given to Tenant to enter into possession of the demises premises, or to occupy premises other than the
demised premises, prior to the date specified as the commencement of the term of this lease, Tenant covenants and agrees that such possession and/or occupancy shall be deemed to be under all the terms, covenants, conditions and provisions of this
lease, except the obligation to pay the fixed annual rent set forth in the preamble to this lease. The provisions of this article are intended to constitute “an express provision to the contrary” within the meaning of Section 223-a of
the New York Real Property Law. 
 No Waiver: 
 25. The
failure of Owner to seek redress for violation of, or to insist upon the strict performance of, any covenant or condition of this lease or of any of the Rules or Regulations, set forth or hereafter adopted by Owner, shall not prevent a subsequent
act which would have originally constituted a violation from having all the force and effect of an original violation. The receipt by Owner of rent and/or additional rent with knowledge of the breach of any covenant of this lease shall not be deemed
a waiver of such breach, and no provision of this lease shall be deemed to have been waived by Owner unless such waiver be in writing signed by Owner. No payment by Tenant or receipt by Owner of a lesser amount than the monthly rent herein
stipulated shall be deemed to be other than on account of the earliest stipulated rent, nor shall any endorsement or statement of any check or any letter accompanying any check or payment as rent be deemed an accord and satisfaction, and Owner may
accept such check or payment without prejudice to Owner’s right to recover the balance of such rent or pursue any other remedy in this lease provided. No act or thing done by Owner or Owner’s agents during the term hereby demised shall be
deemed an acceptance of a surrender of the demised premises, and no agreement to accept such surrender shall be valid unless in writing signed by Owner. No employee of Owner or Owner’s agent shall have any power to accept the keys of said
premises prior to the termination of the lease, and the delivery of keys to any such agent or employee shall not operate as a termination of the lease or a surrender of the demised premises. 

Waiver of Trial by Jury: 
 26. It is mutually agreed by
and between Owner and Tenant that the respective parties hereto shall, and they hereby do, waive trial by jury in any action proceeding or counterclaim brought by either of the parties hereto against the other (except for personal injury or property
damage) on any matters whatsoever arising out of, or in any way connected with, this lease, the relationship of Owner and Tenant, Tenant’s use of, or occupancy of, the demised premises, and any emergency statutory or any other statutory remedy.
It is further mutually agreed that in the event Owner commences any proceeding or action for possession, including a summary proceeding for possession of the demised premises, Tenant will not interpose any counterclaim of whatever nature or
description in any such proceeding, including a counterclaim under Article 4, except for statutory mandatory counterclaims. 
 Inability to Perform:

 27. 27.1 perform all of the other covenants and agreements hereunder on part of Tenant to be performed shall in no way be affected, impaired or
excused because Owner is unable to fulfill any of its obligations under this lease, or to supply, or is delayed in supplying, any service expressly or impliedly to be supplied, or is unable to make, or is delayed in making, any repair, additions,
alterations, or decorations, or is unable to supply, or is delayed in supplying, any equipment, fixtures, or other materials, if Owner is prevented or delayed from so doing by reason of strike or labor troubles or any cause whatsoever including, but
not limited to, government preemption or restrictions, or by reason of any rule, order or regulation of any department or subdivision thereof of any government agency, or by reason of the conditions which have been or are affected, either directly
or indirectly, by war or other emergency. 
 Bills and Notices: 

28. Except as otherwise in this lease provided, any notice, statement, demand or other communication required or permitted to be given, rendered or made by
either party to the other, pursuant to this lease or pursuant to any applicable law or requirement of public authority, shall be in writing (whether or not so stated elsewhere in this lease) and shall be deemed to have been properly given, rendered
or made, if sent by registered or certified mail (express mail, if available), return receipt requested, or by courier guaranteeing overnight delivery and furnishing a receipt in evidence thereof, addressed to the other party at the address
hereinabove set forth (except that after the date specified as the commencement of the term of this lease, Tenant’s address, unless Tenant shall give notice to the contrary, shall be the building), and shall be deemed to have been given,
rendered or made (a) on the date delivered, if delivered to Tenant personally, (b) on the date delivered, if delivered by overnight courier or (c) on the date which is two (2) days after being mailed. Either party may, by notice
as aforesaid, designate a different address or addresses for notices, statements, demand or other communications intended for it. Notices given by Owner’s managing agent shall be deemed a valid notice if addressed and set in accordance with the
provisions of this Article. At Owner’s option, notices and bills to Tenant may be sent by hand delivery. 
 Services Provided by Owner: 

29. As long as Tenant is not in default under any of the covenants of this lease beyond the applicable 29.1 period provided in this lease for the curing of
such defaults, Owner shall provide: (a) necessary elevator facilities on business days from 8 a.m. to 6 p.m. and have one elevator subject to call at all other times; (b) heat to the demised premises when and as required by law, on
business days from 8 a.m. to 6 p.m.; (c) water for ordinary lavatory purposes, but if Tenant uses or consumes water for any other purposes or in unusual quantities (of which fact Owner shall be the sole judge), Owner may install a water meter at
Tenant’s expense, which Tenant shall thereafter maintain at Tenant’s expense

 

  
 7. 

 
in good working order and repair, to register such water consumption, and Tenant shall pay for water consumed as shown on said meter as additional rent as and when bills are rendered;
(d) cleaning service for the demised premises on business days at Owner’s expense provided that the same are kept in order by Tenant. If, however, said premises are to be kept clean by Tenant, it shall be done at Tenant’s sole
expense, in a manner reasonably satisfactory to Owner, and no one other than persons approved by Owner shall be permitted to enter said premises or the building of which they are a part for such purpose. (e) if the demised premises are serviced
by Owner’s air conditioning/cooling and ventilating system, air conditioning/cooling will be furnished to Tenant from May 15th through September 30th on business days (Mondays through Fridays, holidays excepted) from 8:00 a.m. to 6:00 pm., and
ventilation will be furnished on business days during the aforesaid hours except when air conditioning/cooling is being furnished as aforesaid. If Tenant requires air conditioning/cooling or ventilation for more extended hours on Saturdays, Sundays
or on holidays, as defined under Owner’s contract with the applicable Operating Engineers contract, Owner will furnish the same at Tenant’s expense. RIDER to be added in respect to rates and conditions for such additional service;
(f) Owner reserves the right to stop services of the heating, elevators, plumbing, air-conditioning, electric, power systems or cleaning or other services, if any, when necessary by reason of accident, or
for repairs, alterations, replacements or improvements necessary or desirable in the judgment of Owner, for as long as may be reasonably required by reason thereof. If the building of which the demised premises are a part supplies manually operated
elevator service, Owner at any time may substitute automatic control elevator service and proceed diligently with alterations necessary therefor without in any way affecting this lease or the obligations of Tenant hereunder. 

30. The Captions are inserted only as a matter of convenience and for reference, and in no way define, limit or describe the scope of this lease nor the intent
of any provisions thereof. 
 Definitions: 
 31. The
term “office”, or “offices”, wherever used in this lease, shall not be construed to mean premises used as a store or stores, for the sale or display, at any time, of goods, wares or merchandise, of any kind, or as a restaurant,
shop, booth, bootblack or other stand, barber shop, or for other similar purposes, or for manufacturing. The term “Owner” means a landlord or lessor, and as used in this lease means only the owner, or the mortgagee in possession for the
time being, of the land and building (or the owner of a lease of the building or of the land and building) of which the demised premises form a part, so that in the event of any sale or sales or conveyance, assignment or transfer of said land and
building, or of said lease, or in the event of a lease of said building, or of the land and building, the said Owner shall be, and hereby is, entirely freed and relieved of all covenants and obligations of Owner hereunder, and it shall be deemed and
construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, at any such sale, or the said lessee of the building, or of the land and building, that the purchaser, grantee,
assignee or transferee or the lessee of the building has assumed and agreed to carry out any and all covenants and obligations of Owner, hereunder. The words “re-enter” and “re-entry” as used in this lease are not restricted to their technical legal meaning. The term “business days” as used in this lease shall exclude Saturdays, Sundays and all days as observed by
the State or Federal Government as legal holidays and those designated as holidays by the applicable building service union employees service contract, or by the applicable Operating Engineers contract with respect to HVAC service. Wherever it is
expressly provided in this lease that consent shall not be unreasonably withheld, such consent shall not be unreasonably delayed. 
 Adjacent
Excavation-Shoring: 
 32. If an excavation shall be made upon land adjacent to the demised premises, or shall be authorized to be made, Tenant shall
afford to the person causing or authorized to cause such excavation, a license to enter upon the demised premises for the purpose of doing such work as said person shall deem necessary to preserve the wall or the building, of which demised premises
form a part, from injury or damage, and to support the same by proper foundations, without any claim for damages or indemnity against Owner, or diminution or abatement of rent. 

Rules and Regulations: 
 33. Tenant and Tenant’s
servants, employees, agents, visitors, and licensees shall observe faithfully, and comply strictly with, the Rules and Regulations and such other and further reasonable Rules and Regulations as Owner and Owner’s agents may from time to time
adopt. Notice of any additional Rules or Regulations shall be given in such manner

 
as Owner may elect. In case Tenant disputes the reasonableness of any additional Rules or Regulations hereafter made or adopted by Owner or Owner’s agents, the parties hereto agree to submit
the question of the reasonableness of such Rules or Regulations for decision to the New York office of the American Arbitration Association, whose determination shall be final and conclusive upon the parties hereto. The right to dispute the
reasonableness of any additional Rules or Regulations upon Tenant’s part shall be deemed waived unless the same shall be asserted by service of a notice, in writing, upon Owner, within fifteen (15) days after the giving of notice thereof.
Nothing in this lease contained shall be construed to impose upon Owner any duty or obligation to enforce the Rules and Regulations or terms, covenants or conditions in any other lease, as against any other tenant, and Owner shall not be liable to
Tenant for violation of the same by any other tenant, its servants, employees, agents, visitors or licensees. 33.1. 
 Security: 

34. Tenant has deposited with Owner the sum of $132,660.00 34.1 as security for the faithful performance and observance by Tenant of the terms, provisions and
conditions of this lease; it is agreed that in the event Tenant defaults in respect of any of the terms, provisions and conditions of this lease, including, but not limited to, the payment of rent and additional rent, Owner may use, apply or retain
the whole or any part of the security so deposited to the extent required for the payment of any rent and additional rent, or any other sum as to which Tenant is in default, or for any sum which Owner may expend or may be required to expend by
reason of Tenant’s default in respect of any of the terms, covenants and conditions of this lease, including but not limited to, any damages or deficiency in the reletting of the demised premises, whether such damages or deficiency accrued
before or after summary proceedings or other re-entry by Owner. In the case of every such use, application or retention, Tenant shall, within five (5) days after demand, pay to Owner the sum so used,
applied or retained which shall be added to the security deposit so that the same shall be replenished to its former amount. In the event that Tenant shall fully and faithfully comply with all of the terms, provisions, covenants and conditions of
this lease, the security shall be returned to Tenant after the date fixed as the end of the lease and after delivery of entire possession of the demised premises to Owner. In the event of a sale of the land and building, or leasing of the building,
of which the demised premises form a part, Owner shall have the right to transfer the security to the vendee or lessee, and Owner shall thereupon be released by Tenant from all liability for the return of such security; and Tenant agrees to look to
the new Owner solely for the return of said security, and it is agreed that the provisions hereof shall apply to every transfer or assignment made of the security to a new Owner. Tenant further covenants that it will not assign or encumber, or
attempt to assign or encumber, the monies deposited herein as security, and that neither Owner nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. 

Estoppel Certificate: 
 35. Tenant, at any time, and from
time to time, upon at least ten (10) days prior notice by Owner, shall execute, acknowledge and deliver to Owner, and/or to any other person, firm or corporation specified by Owner, a statement certifying that this lease is unmodified and in
full force and effect (or, if there have been modifications, that the same is in full force and effect as modified and stating the modifications), stating the dates to which the rent and additional rent have been paid, and stating whether or not
there exists any default by Owner under this lease, and, if so, specifying each such default and such other information as shall be required of Tenant. 

Successors and Assigns: 
 36. The covenants, conditions
and agreements contained in this lease shall bind and inure to the benefit of Owner and Tenant and their respective heirs, distributees, executors, administrators, successors, and except as otherwise provided in this lease, their assigns. Tenant
shall look only to Owner’s estate and interest in the land and building, 36.1 for the satisfaction of Tenant’s remedies for the collection of a judgment (or other judicial process) against Owner in the event of any default by Owner
hereunder, and no other property or assets of such Owner (or any partner, member, officer or director thereof, disclosed or undisclosed), shall be subject to levy, execution or other enforcement procedure for the satisfaction of Tenant’s
remedies under, or with respect to, this lease, the relationship of Owner and Tenant hereunder, or Tenant’s use and occupancy of the demised premises.

 

  
 RIDER AND EXHIBITS ATTACHED
HERETO AND MADE A PART HEREOF 
 In Witness Whereof, Owner and Tenant have respectively signed and sealed this lease as of the day and year
first above written. 
  

							
	 Witness for Owner:
	  		  		 	
			
		  		  	BROADWAY 26 WATERVIEW LLC
				
	 /s/ Brian D. Lee Newmark
	  	            	  	By:	 	 /s/ BROADWAY 26 WATERVIEW LLC

	Witness for Tenant:	  		  	  
 MOBO SYSTEMS, INC., d.b.a. OLO

				
		  		  	By:	 	 /s/ Matthew J.
Tucker                             3/5/14 

	Brian D. Lee Newmark	  		  		 	Matthew J. Tucker, COO

  
 8 

 IMPORTANT – PLEASE READ 

 

 RULES AND REGULATIONS ATTACHED TO AND 

MADE A PART OF THIS LEASE 
 IN
ACCORDANCE WITH ARTICLE 33. 
 1. The sidewalks, entrances, driveways, passages, courts, elevators, vestibules, stairways, corridors or halls shall not be
obstructed or encumbered by Tenant or used for any purpose other than for ingress or egress from the demised premises, and for delivery of merchandise and equipment in a prompt and efficient manner using elevators and passageways designated for such
delivery by Owner. There shall not be used in any space, or in the public hall of the building, either by any tenant or by jobbers or others in the delivery or receipt of merchandise, any hand trucks, except those equipped with rubber tires and
safeguards. If said premises are situated on the ground floor of the building, Tenant thereof shall further, at Tenant’s expense, keep the sidewalk and curb in front of said premises clean and free from ice, snow, dirt and rubbish. 

2. The water and wash closets and plumbing fixtures shall not be used for any purposes other than those for which they were designed or constructed, and no
sweepings, rubbish, rags, acids or other substances shall be deposited therein, and the expense of any breakage, stoppage, or damage resulting from the violation of this rule shall be borne by the Tenant, whether or not caused by the Tenant, or its
clerks, agents, employees or visitors. 
 3. No carpet, rug or other article shall be hung or shaken out of any window of the building and Tenant shall not
sweep or throw, or permit to be swept or thrown, from the demised premises any dirt or other substances into any of the corridors or halls, elevators, or out of the doors or windows or stairways of the building, and Tenant shall not use, keep or
permit to be used or kept, any foul or noxious gas or substance in the demised premises, or permit or suffer the demised premises to be occupied or used in a manner offensive or objectionable to Owner or other occupants of the building by reason of
noise, odors, and/or vibrations, or interfere in any way with other tenants or those having business therein, nor shall any bicycles, vehicles, animals, fish, or birds be kept in or about the building. Smoking or carrying lighted cigars or
cigarettes in the elevators of the building is prohibited. 
 4. No awnings or other projections shall be attached to the outside walls of the building
without the prior written consent of Owner. 
 5. No sign, advertisement, notice or other lettering shall be exhibited, inscribed, painted or affixed by
Tenant on any part of the outside of the demised premises or the building, or on the inside of the demised premise if the same is visible from the outside of the demised premises, without the prior written consent of Owner, except that the name of
Tenant may appear on the entrance door of the demised premises. In the event of the violation of the foregoing by Tenant, Owner may remove same without any liability, and may charge the expense incurred by such removal to Tenant. Interior signs on
door and directory tablet shall be inscribed, painted or affixed for Tenant by Owner at the expense of Tenant, and shall be of a size, color and style acceptable to Owner. 

6. Tenant shall not mark, paint, drill into, or in any way deface, any part of the demised premises or the building of which they form a part. No boring,
cutting or stringing of wires shall be permitted, except with the prior written consent of Owner, and as Owner may direct. Tenant shall not lay linoleum, or other similar floor covering, so that the same shall come in direct contact with the floor
of the demised premises, and, if linoleum or other similar floor covering is desired to be used, an interlining of builder’s deadening felt shall be first affixed to the floor, by a paste or other material, soluble in water, the use of cement
or other similar adhesive material being expressly prohibited. 
 7. No additional locks or bolts of any kind shall be placed upon any of the doors or
windows by Tenant, nor shall any changes be made in existing locks or mechanism thereof. Tenant must, upon the termination of his tenancy, restore to Owner all keys of stores, offices and toilet rooms, either furnished to, or otherwise procured by,
Tenant, and in the event of the loss of any keys so furnished, Tenant shall pay to Owner the cost thereof. 
 8. Freight, furniture, business equipment,
merchandise and bulky matter of any description shall be delivered to and removed from the demised premises only on the freight elevators and through the service entrances and corridors,

 
and only during hours and in a manner approved by Owner. Owner reserves the right to inspect all freight to be brought into the building and to exclude from the building all freight which
violates any of these Rules and Regulations of the lease, or which these Rules and Regulations are a part. 
 9. Canvassing, soliciting and peddling in the
building is prohibited and Tenant shall cooperate to prevent the same. 
 10. Owner reserves the right to exclude from the building all persons who do not
present a pass to the building signed by Owner. Owner will furnish passes to persons for whom Tenant requests same in writing. Tenant shall be responsible for all persons for whom he requests such pass, and shall be liable to Owner for all acts of
such persons. Tenant shall not have a claim against Owner by reason of Owner excluding from the building any person who does not present such pass. 
 11.
Owner shall have the right to prohibit any advertising by Tenant which in Owner’s opinion, tends to impair the reputation of the building or its desirability as a building for offices, and upon written notice from Owner, Tenant shall refrain
from or discontinue such advertising. 
 12. Tenant shall not bring or permit to be brought or kept in or on the demised premises, any inflammable,
combustible, explosive, or hazardous fluid, material, chemical or substance, or cause or permit any odors of cooking or other processes, or any unusual or other objectionable odors, to permeate in, or emanate from, the demised premises. 

13. If the building contains central air conditioning and ventilation, Tenant agrees to keep all windows closed at all times and to abide by all rules and
regulations issued by Owner with respect to such services. If Tenant requires air conditioning or ventilation after the usual hours, Tenant shall give notice in writing to the building superintendent prior to 3:00 p.m. in the case of services
required on weekdays, and prior to 3:00 p.m. on the day prior in case of after hours service required on weekends or on holidays. Tenant shall cooperate with Owner in obtaining maximum effectiveness of the cooling system by lowering and closing
venetian blinds and/or drapes and curtains when the sun’s rays fall directly on the windows of the demised premises. 
 14. Tenant shall not move any
safe, heavy machinery, heavy equipment, bulky matter, or fixtures into or out of the building without Owner’s prior written consent. If such safe, machinery, equipment, bulky matter or fixtures requires special handling, all work in connection
therewith shall comply with the Administrative Code of the City of New York and all other laws and regulations applicable thereto, and shall be done during such hours as Owner may designate. 

15. Refuse and Trash. (1) Compliance by Tenant. Tenant covenants and agrees, at its sole cost and expense, to comply with all present and future laws,
orders, and regulations, of all state, federal, municipal, and local governments, departments, commissions and boards regarding the collection, sorting, separation and recycling of waste products, garbage, refuse and trash. Tenant shall sort and
separate such waste products, garbage, refuse and trash into such categories as provided by law. Each separately sorted category of waste products, garbage, refuse and trash shall be placed in separate receptacles reasonably approved by Owner. Such
separate receptacles may, at Owner’s option, be removed from the demised premises in accordance with a collection schedule prescribed by law. Tenant shall remove, or cause to be removed by a contractor acceptable to Owner, at Owner’s sole
discretion, such items as Owner may expressly designate. (2) Owner’s Rights in Event of Noncompliance. Owner has the option to refuse to collect or accept from Tenant waste products, garbage, refuse or trash (a) that is not separated
and sorted as required by law or (b) which consists of such items as Owner may expressly designate for Tenant’s removal, and to require Tenant to arrange for such collection at Tenant’s sole cost and expense, utilizing a contractor
satisfactory to Owner. Tenant shall pay all costs, expenses, fines, penalties, or damages that may be imposed on Owner or Tenant by reason of Tenant’s failure to comply with the provisions of this Building Rule 15, and, at Tenant’s sole
cost and expense, shall indemnity, defend and hold Owner harmless (including reasonable legal fees and expenses) from and against any actions, claims and suits arising from such noncompliance, utilizing counsel reasonably satisfactory to Owner.

 

  
 

 

  
 5. 

 TEXTS TO NUMBERED INSERTIONS 

TO PRINTED PORTION OF LEASE 

DATED AS OF MARCH 14, 2014, BETWEEN 

BROADWAY 26 WATERVIEW LLC, AS OWNER, 

and 
 MOBO SYSTEMS, INC.
D.B.A. OLO, AS TENANT, 
  

	(3.1)	 Subject to Article 67 of this lease, 

 

	(3.2)	 and to Tenant’s compliance with Article 67 and the other provisions of this lease, 

 

	(3.3)	 Notwithstanding any other provision herein, Tenant shall not remove or restore any fixtures, improvements or
alterations done by Owner as part of Landlord’s Work (as defined in Article 41 of this lease) or any Tenant alterations which are standard office alterations. Also notwithstanding any other provision herein, at the time Tenant submits to Owner
a written request for Owner’s consent to any proposed Tenant alterations which are non-standard office alterations, Tenant may specify in bold upper case letters as follows: “PURSUANT TO INSERT
3.3 OF THE LEASE, LANDLORD’S FAILURE TO SPECIFICALLY IDENTIFY ANY NON STANDARD OFFICE ALTERATIONS WHICH TENANT MUST REMOVE AT THE END OF THE TERM SHALL BE DEEMED TO BE A WAIVER OF LANDLORD’S RIGHT TO OBLIGATE TENANT TO REMOVE SUCH NON
STANDARD OFFICE ALTERATIONS AT THE END OF THE TERM.” then any such non standard office alterations which Owner fails to designate in Owner’s approval of such proposed alterations as items which Tenant shall be required to remove shall
not be required to be removed by Tenant, and such failure shall constitute a waiver of Owner’s right to obligate Tenant to remove such non standard office alterations. As and to the extent Owner shall specifically identify any non standard
office alterations for which Tenant must remove and restore, then Tenant shall, at Tenant’s sole cost and expense, perform such removal and restoration with respect to every such non standard office alterations prior to the expiration or
earlier termination of this lease. 

  

	(4.1)	 or, if all of the following are satisfied, specific performance: (i) Owner fails to make a repair to the
plumbing, electrical, heating, or ventilating system (to the extent such systems presently exist), (ii) the need for such repair is not caused by Tenant’s or Tenant’s licensees, subtenants, agents, servants, invitees, employees,
contractors or subcontractors misuse and/or wrongful acts, (iii) this lease requires Owner to make such repair, and (iv) the specific performance action is Tenant’s sole and exclusive remedy for Owner’s failure to make such
repair. 

  

	(6.1)	 (as opposed to Tenant’s mere use of the Premises for the purposes set forth in Article 2 of this lease)

  

	(8.1)	 or willful misconduct 

 

	(9.1)	 ten (10) 

  
 1. 

	(9.2)	 Notwithstanding anything to the contrary contained in this lease, (i) Owner shall, within sixty
(60) days after any loss, damage or destruction to the demised premises (which is not caused by Tenant), deliver to Tenant an estimate prepared by a reputable independent contractor selected by Owner setting forth such contractor’s
estimate as to the reasonable time required to repair such casualty. If (a) more than fifty percent (50%) of the demised premises has been rendered untenantable and (b) such estimated time period exceeds twelve (12) months from the
date of such casualty, Tenant may elect to terminate this Lease by notice to Owner given not later than ten (10) days following delivery of such estimate. If Tenant makes such election, the term of this lease shall expire on the date set forth
in such notice from Tenant, which date shall not be more than ten (10) days after notice of such election is given by Tenant and Tenant shall vacate the demised premises and surrender the same to Owner on or before such effective date of
termination. 

 (ii) In the event that fifty percent (50%) or more of the demised premises has been rendered untenantable
and (a) the estimated time period to repair the casualty is less than twelve (12) months and Owner shall not complete its restoration work to the Building or the demised premises within twelve (12) months, or (b) the estimated
time period to repair the casualty is greater than twelve (12) months but Tenant has not exercised its termination right set forth in the preceding clause (i) and Owner shall not complete its restoration work to the Building or the demised
premises within such twelve (12) month period, or, if longer, the estimated time period, then, in either event, Tenant shall have the right to terminate this lease by notice to Owner (the “Casualty Termination Notice”) not later than
(x) ten (10) days following the expiration of such twelve (12) month period (in the case of (a) above), or (y) ten (10) days after the expiration of such estimated time period (in the case of (b) above). If Tenant makes such
election, the term of this lease shall expire on the date set forth in such notice from Tenant, which date shall be thirty (30) days after notice of such election is given by Tenant (the “Casualty Termination Date”) and Tenant shall
vacate the demised premises and surrender the same to Owner on or before such Casualty Termination Date. Notwithstanding the foregoing, in the event that Landlord is able to complete its restoration work to the Building or the demised premises prior
to the Casualty Termination Date, then Landlord may deliver a notice to Tenant indicating such completion prior to the Casualty Termination Date and, the lease shall continue in full force and effect, and thereafter the Casualty Termination Notice
shall be null and void and of no further force and effect. 
 (iii) If fifty percent (50%) or more of the demised premises is damaged or
destroyed during the last twelve (12) calendar months of the term of this Lease or any renewal term thereof (and Tenant did not cause same), Tenant may terminate this Lease by written notice to the Owner given within thirty (30) days after
the occurrence of such damage or destruction, whereupon this lease shall terminate as of the date of Tenant’s notice and Tenant shall vacate and surrender possession of the demised premises as of the date of such notice. 

Notwithstanding anything contained in this lease, if it is determined that any loss, damage or destruction to the demised premises was caused
by Tenant’s acts or the acts of any member, manager, director, shareholder, employee, agent, contractor or subcontractor of Tenant, then: (i) the rent and other items of additional rent shall not abate, (ii) Tenant shall not have any
right to terminate this lease, and (iii) Owner shall be entitled to all available rights and remedies pursuant to this lease, applicable law and equity. 

  
 2. 

	(11.1)	 Except as expressly set forth in Article 48 of this lease, 

 

	(13.1)	 Except in the event of an emergency (in which case no notice shall be required and Owner shall not be required
to be accompanied by a representative of Tenant), Owner’s right of entry shall be exercised following reasonable prior notice to Tenant (which may be oral or written) and only while accompanied by a representative of Tenant. Owner agrees that
while exercising such right of entry or making such repairs, replacements or improvements, Owner shall perform such work in a good and workmanlike manner keeping with commercially reasonable standards and shall make reasonable efforts to avoid
unreasonably interfering with the conduct of Tenant’s business in a normal course. Notwithstanding the foregoing, nothing contained herein shall require Owner to incur overtime costs or additional expenses in connection with performance of its
duties under this lease. 

  

	(13.2)	 upon reasonable advance notice (which may be oral or written) and only while accompanied by a representative of
Tenant 

  

	(13.3)	 or, in the event of an emergency which threatens damage to property or personal injury or loss of life,
forcibly, 

  

	(15.1)	 Owner covenants and agrees not to amend the certificate of occupancy for the Building, if any, in any manner
which would render the permitted use hereunder (of the demised premises) impermissible. 

  

	(15.2)	 Notwithstanding any other provision herein, in the event that (i) there is a violation of law or a
violation of a regulation which in either case exists on the date of this lease and affects the demised premises (and therefore said violation is not caused in whole or in part by Tenant), (ii) said violation results in a New York City agency or
other governmental agency issuing a written order (“Order”), (iii) the Order by its express terms prohibits Tenant from taking occupancy of the demised premises or from conducting Tenant’s business as expressly permitted by this lease
at the demised premises, and (iv) Tenant is not then in default under this lease beyond the expiration of any applicable notice, grace, and cure periods, then, as Tenant’s sole and exclusive remedy (other than the abatement of rent and
additional rent to the extent expressly provided below), either (a) Owner shall, at Owner’s sole cost and expense, cure said violation or take other remedial measures so that the Order no longer by its express terms prohibits Tenant from
taking occupancy of the demised premises or from conducting Tenant’s business as expressly permitted by this lease at the demised premises, or (b) Owner shall terminate this lease by providing written notice to Tenant
(“Landlord’s Termination Notice”), in which event this lease shall terminate as of the date of Landlord’s Termination Notice as if the said date were the date originally fixed herein for the termination of this lease and Owner
shall promptly refund to Tenant (I) all of the Money For Landlord’s Work (as defined in Article 41 of this lease), (II) the security deposit, and (III) any Fixed Rental and Additional Rental that (because of the abatement set forth
below) never became due under this lease (but only to the extent in the case of (I), 

  
 3. 

	 	
(II) and (III) same was actually paid to Owner by Tenant). Notwithstanding the foregoing, Owner may only elect to terminate this lease pursuant to subsection (b) of this Insert 15.2 if
it is not possible with commercially reasonable efforts to cure or take such other remedial action pursuant to subsection (a) of this Insert 15.2. If the conditions set forth in subsections (i)-(iv) of this Insert 15.2 are all satisfied and
Tenant actually ceases conducting business in the demised premises and vacates the demised premises, and Tenant provides Landlord with written notice thereof (“Vacate Notice”), then, all rent and additional rent under this lease shall
abate beginning on the third (3rd) Business Day after Landlord receives the Vacate Notice and continuing thereafter until the third (3rd) Business Day after Owner has taken the remedial measures described in subsection (a) above and has
provided Tenant with written notice thereof (“Rent Resumption Notice”). Notwithstanding the foregoing, Tenant shall not re-enter the demised premises or resume conducting Tenant’s business in
the premises between the date that Tenant provides the Vacate Notice and the date that Tenant receives the Rent Resumption Notice. 

  

	(17.1)	 ten (10) 

  

	(17.2)	 twenty-five (25) 

  

	(17.3)	 after the expiration of any applicable notice, grace, and/or cure period, 

 

	(19.1)	 beyond the expiration of any applicable notice, grace and/or cure period, 

 

	(20.1)	 provided that no such change shall result in a permanent reduction (other than a de minimis reduction) of the
rentable area of the demised premises. There shall be no abatement of rent (except if Landlord fails to provide one of the services specifically listed in Section 66.6 of this lease and the other conditions predicate set forth in
Section 66.6 of this lease are all satisfied) and there 

  

	(21.1)	 Notwithstanding the foregoing, within thirty (30) days after the Rent Commencement Date, Tenant may
provide Owner with a “punch list” (in accordance with the notice provisions of this lease) which sets forth the items described in subsection (i) of Section 42.1 of this lease which Owner both (a) has not yet performed and
(b) is required by this lease to perform. Unless Owner reasonably disagrees with Tenant’s determination, Owner shall complete all such work within forty-five (45) days after Owner’s receipt of said “punch list”. For the
sake of certainty, neither Tenant’s providing Owner with a “punch list” nor Owner’s delay in or failure to perform any items on the “punch list” shall affect (I) the Rent Commencement Date, or (II) any of
Tenant’s obligations under this lease. Tenant shall forever waive any right to require Owner to perform “punch list” items if Tenant does not provide Owner with a “punch list” (in accordance with the notice provisions of
this lease) within thirty (30) days after the Rent Commencement Date. 

  

	(22.1)	 , damage by casualty (not caused by Tenant), 

 

	(24.1)	 all 

  
 4. 

	(27.1)	 The obligation of Tenant to pay rent hereunder (except as expressly set forth in Insert 15.2 (if applicable)
and Section 66.6 (if applicable) of this lease), this lease, and the obligation of Tenant to 

  

	(29.1)	 notice and grace 

  

	(33.1)	 Owner agrees to enforce the rules and regulations against the Tenant and other tenants in the Building in a
uniform and non-discriminatory manner. Furthermore, Tenant shall not be required to comply with any rule or regulation that violates any local, state, or federal law provided that Tenant furnishes Owner with
written proof thereof. Notwithstanding any rule or regulation to the contrary, Section 66.2 of this Lease shall govern with respect to removal of waste and garbage from the demised premises to the outside of the Building. 

 

	(34.1)	 (subject to reduction if all of the conditions set forth in Section 56.4(a) and/or Section 56.4(b)
are satisfied) 

  

	(36.1)	 and to the insurance proceeds and condemnation awards issuing therefrom and proceeds of any sale or refinancing
thereof 

  
 5. 

 RIDER 

ANNEXED TO LEASE DATED AS OF MARCH 14, 2014 

BETWEEN 
 BROADWAY 26 WATERVIEW LLC,
AS LANDLORD 
 AND 
 MOBO SYSTEMS,
INC., D.B.A. OLO, AS TENANT 
  

	37.	 RIDER PROVISIONS PREVAIL 

If and to the extent that any of the provisions of this Rider conflict or are otherwise inconsistent with any of the preceding printed
provisions of this Lease, or of the Rules and Regulations attached to this Lease, whether or not such inconsistency is expressly noted in this Rider, the provisions of this Rider shall prevail, and in case of inconsistency with said Rules and
Regulations, shall be deemed a modification of such Rules and Regulations. 
  

	38.	 PREMISES 

Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the entire rentable area of the twenty-fourth (24th) floor (hereafter
referred to as the “Premises”) (as more particularly depicted by cross hatching on the floor plan annexed hereto as Exhibit A) in the building known as 26 Broadway in the Borough of Manhattan, City of New York. 

 

	39.	 COMMENCEMENT OF TERM: FIXED AND RECURRING ADDITIONAL RENT COMMENCEMENT DATE. 

39.1 The commencement date of the term of this Lease (“Commencement Date”) shall be the date of this Lease. Tenant’s obligations
to pay Fixed Rental and recurring Additional Rental shall commence on the Rent Commencement Date (as hereafter defined). The “Rent Commencement Date” shall be the earliest to occur of (i) the date on which Landlord’s Work (as
hereinafter defined) to be performed in the Premises is substantially completed (as hereinafter defined), or (ii) the date on which Landlord’s Work in the Premises would have been substantially completed but for Tenant’s Delay (as
hereinafter defined) or, (iii) the date Tenant or anyone claiming under or through Tenant first occupies the Premises for the conduct of its business. 

39.2 Landlord shall, in accordance with the foregoing, fix the Rent Commencement Date and shall notify Tenant in writing of the date so fixed
(“Rent Commencement Date Notice”). Landlord shall deliver the Rent Commencement Date Notice to Tenant at least five (5) days prior to the Rent Commencement Date; provided, however, that Landlord may deliver the Rent Commencement Date
Notice to Tenant before the date that Landlord has actually substantially completed Landlord’s Work. The Rent Commencement Date shall be the date set forth in the notice, unless Tenant shall, within five (5) days after the receipt thereof,
dispute the same in writing, which written notice of dispute shall contain a statement setting forth in reasonable detail the basis of Tenant’s disagreement. 

  
 6. 

	40.	 FIXED RENTAL AND ADDITIONAL RENTAL  

40.1 Tenant covenants to pay Landlord, at the above address, or at such other address as Landlord shall designate: 

40.1.1 A fixed rental (“Fixed Rental”) at an annual rate of:\ 

 

	 	(i)	 $265,320.00 per year ($22,110.00 per month) for each lease year commencing on the Rent Commencement Date
(defined in Article 39 above) and continuing thereafter to and including the day immediately preceding the one (1) year anniversary of the Rent Commencement Date; 

 

	 	(ii)	 $272,616.30 per year ($22,718.03 per month) for each lease year commencing on the one (1) year anniversary
of the Rent Commencement Date and continuing thereafter to and including the day immediately preceding the two (2) year anniversary of the Rent Commencement Date;\ 

 

	 	(iii)	 $280,113.25 per year ($23,342.77 per month) for each lease year commencing on the two (2) year anniversary
of the Rent Commencement Date and continuing thereafter to and including the day immediately preceding the three (3) year anniversary of the Rent Commencement Date; 

 

	 	(iv)	 $287,816.36 per year ($23,984.70 per month) for each lease year commencing on the three (3) year
anniversary of the Rent Commencement Date and continuing thereafter to and including the day immediately preceding the four (4) year anniversary of the Rent Commencement Date; 

 

	 	(v)	 $310,471.31 per year ($25,872.61 per month) for each lease year commencing on the four (4) year
anniversary of the Rent Commencement Date and continuing thereafter to and including the day immediately preceding the five (5) year anniversary of the Rent Commencement Date; 

 

	 	(vi)	 $319,009.27 per year ($26,584.11 per month) for each lease year commencing on the five (5) year
anniversary of the Rent Commencement Date and continuing thereafter to and including the day immediately preceding the six (6) year anniversary of the Rent Commencement Date; 

 

	 	(vii)	 $327,782.03 per year ($27,315.17 per month) for each lease year commencing on the six (6) year anniversary
of the Rent Commencement Date and continuing thereafter to and including the day immediately preceding the seven (7) year anniversary of the Rent Commencement Date; 

  
 7. 

	 	(viii)	 $336,796.03 per year ($28,066.34 per month) for each lease year commencing on the seven (7) year
anniversary of the Rent Commencement Date and continuing thereafter to and including the last day of the third (3rd) full calendar month following the month in which occurs the seven (7) year
anniversary of the Rent Commencement Date (the “Expiration Date”). 

 Fixed Rental shall be payable by Tenant
by wired funds or by check drawn on a bank which is a member of the New York City Clearing House Association, having an office in the City of New York, in lawful money of the United States, in equal monthly installments in advance at the office of
Landlord without previous demand therefor and without any setoff or deduction whatsoever, on the first day of each and every calendar month throughout the term of this Lease, except that the first monthly installment of Fixed Rental due hereunder
shall be paid on the execution of this Lease. Notwithstanding the foregoing, the first monthly installment of Fixed Rental due hereunder shall be paid by wired funds, or certified or official bank check. Tenant may choose between wired funds or
certified or official bank check as Tenant’s method of payment of such first monthly installment. Provided that Landlord countersigns and delivers a fully-executed copy of this Lease, Landlord may deposit the first monthly payment of Fixed
Rental. So long as Tenant is not in default hereunder beyond the expiration of any applicable notice, grace and/or cure period at the time that the Fixed Rental becomes due and payable, the payment made on this date shall be applied to the first
installment of Fixed Rental due, after application of the Credit (defined below); otherwise, the same shall be applied to the damages, if any, to which Landlord is entitled upon Tenant’s breach of this Lease. If the Rent Commencement Date (as
defined in Article 39 above) occurs on a day other than the first day of a calendar month, the Fixed Rental due after the application of the Credit shall be prorated, and the balance of the first month’s Fixed Rental theretofore paid shall be
credited against the next monthly installment of Fixed Rental. 
 Tenant’s obligation to pay for the cost of electricity for the
Premises and any and all other recurring Additional Rental (defined below) set forth in this Lease shall commence on the Rent Commencement Date. 

40.1.2 Additional rental (“Additional Rental”), consisting of all such monies other than Fixed Rental as shall be due and payable
under this Lease by Tenant, a default (beyond any applicable notice, grace and cure periods) in the timely payment of which Landlord shall have available to it all of the rights and remedies available for a default (beyond any applicable notice,
grace and cure periods) in the timely payment of Fixed Rental. Additional Rental shall be payable by Tenant by wired funds or by check drawn on a bank which is a member of the New York City Clearing House Association, having an office in the City of
New York, in lawful money of the United States. 
 40.2 Provided that Tenant is not then in default under the terms of this Lease beyond the
expiration of any applicable notice, grace, and/or cure period, Tenant shall be entitled to a one-time, non-recurring credit against the obligation to pay Fixed Rental,
in the aggregate amount of $66,330.00 (the “Credit”), to be applied against the Fixed Rental due commencing on the Rent Commencement Date and continuing thereafter until exhausted. Notwithstanding the foregoing, the Credit shall not be
applied against any Additional Rental, electricity charges, or other like sums from time to time payable by Tenant pursuant to this Lease, which amounts shall be paid without abatement in accordance with the terms of this Lease. 

  
 8. 

	41.	 AS IS CONDITION; LANDLORD’S WORK; MONEY FOR LANDLORD’S WORK 

Tenant has thoroughly examined the Premises and is fully familiar with the condition thereof, and, except as specifically set forth in this
Lease, neither Landlord nor Landlord’s agents have made any representations, warranties or promises, either express or implied, with regard to the physical condition of the Building, or the Premises, the use or uses to which the Premises may be
put, or the condition of any mechanical, plumbing, electrical, flue, ventilation or exhaust systems servicing the Premises. It is expressly understood that Landlord shall not be liable for any latent or patent defects in the Premises. Tenant agrees
to accept the Premises “as is” and in such condition as the same may be in at the Rent Commencement Date, and, except for the work set forth on Exhibit B attached hereto, Landlord shall not be obligated or required to do any work or to
make any alterations or decorations or install any fixtures, equipment or improvements, or make any repairs or replacements to or in the Premises to prepare or fit the same for Tenant’s use or for any other reason whatsoever. Unless
specifically agreed otherwise, all Landlord’s Work shall be of material, design, finish and color of the Building standard adopted from time to time by Landlord. The installations, facilities, materials and work so to be furnished, installed
and performed in the Premises by Landlord are hereinafter and in Exhibit B referred to as “Landlord’s Work.” Simultaneously with Tenant’s execution and delivery of this Lease, Tenant shall deliver to Landlord the sum of
$75,000.00 (the “Money For Landlord’s Work”) (by certified or official bank check). Tenant agrees that the Money For Landlord’s Work shall constitute Additional Rental hereunder. The Money For Landlord’s Work shall be used
by Landlord toward the performance of Landlord’s Work. Landlord may use the Money For Landlord’s Work for any item of Landlord’s Work. Landlord shall provide Tenant with an itemized list of how the Money For Landlord’s Work has
been spent. In the event that the Money For Landlord’s Work exceeds the cost to perform Landlord’s Work, Landlord shall provide such excess to Tenant in the form of a credit against Tenant’s obligation to pay Fixed Rental hereunder
for the period beginning on the first day of the sixth (6th) full calendar month following the Rent Commencement Date and continuing thereafter until such excess is exhausted. Notwithstanding the foregoing, any such excess shall not be applied
against any Additional Rental, electricity charges, or other like sums from time to time payable by Tenant pursuant to this Lease, which amounts shall be paid without abatement in accordance with the terms of this Lease. Also for the sake of
certainty, (unless Landlord is required to refund (a) all of the Money For Landlord’s Work either pursuant to Insert 15.2 of this Lease or pursuant to Section 42.5 of this Lease, or (b) the unamortized portion of the Money For
Landlord’s Work pursuant to Section 48.3 of this Lease) if the Money For Landlord’s Work does not exceed the cost to perform Landlord’s Work, none of the Money For Landlord’s Work shall be returned to Tenant (in the form of
a credit or otherwise). Except for the Money For Landlord’s Work and any Modification Work (as hereafter defined), Landlord’s Work shall be performed at Landlord’s sole cost and expense. Tenant shall not be responsible for any
violations or mechanics liens against the Premises or the Building caused solely by the performance of Landlord’s Work. Excluding Landlord’s Work, all installations, facilities, 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 (including, without limitation, any Additional Work (as defined in Exhibit B), shall be at Tenant’s expense. In the event specific locations or
dimensions are not provided for the furnishing or installation of any particular item of Landlord’s Work, the judgment of Landlord reasonably exercised shall be binding on Tenant. In no event shall Landlord be required to provide any material,
work or installation not specifically described or included in Landlord’s Work. 

  
 9. 

	42.	 SUBSTANTIAL COMPLETION. 

42.1 The Premises shall be deemed ready for occupancy on the date that Landlord’s Work in the Premises shall have been substantially
completed. Landlord’s Work in the Premises shall be considered substantially completed when (A) all major items of construction have been substantially completed, (B) the heating, A/C System (as hereafter defined), plumbing,
mechanical (if any) and electrical systems serving the Premises are all in working order, and (C) the Premises is accessible and reasonably usable, notwithstanding (in the case of subsections (A), (B), and/or (C)) the fact (i) that minor
or insubstantial details of construction, mechanical adjustment or decoration remain to be performed, the non-completion of which do not materially interfere with Tenant’s use of the Premises, and
(ii) that Landlord’s Work has been substantially completed except for portions thereof which shall be completed upon the completion of Tenant’s work (including, without limitation, Additional Work). Landlord shall not be required to
install a sprinkler system serving the Premises unless and until same is required by applicable law. Installation of a sprinkler system is therefore not part of Landlord’s Work and Landlord’s failure to install a sprinkler system shall
have no bearing on the Rent Commencement Date or Tenant’s obligations under this Lease. Notwithstanding the foregoing, if at any time during the term of this Lease, Landlord elects to or is required by law to install a sprinkler system in the
Premises, any such installation shall be performed by Landlord at Landlord’s sole cost and expense. 
 42.2 If the completion of
Landlord’s Work shall be delayed due to any act or omission of Tenant or any of its employees, agents or contractors or any failure to plan or to execute Tenant’s work (including, without limitation Additional Work) diligently and
expeditiously, or any failure of Tenant to work expeditiously with Landlord to finalize mutually acceptable Plans (as defined in Exhibit B) for Landlord’s Work or because of any proposed Modification Work (whether or not consented to by
Landlord) (“Tenant’s Delay”), the Premises shall be deemed ready for occupancy on the date when they would have been ready but for the Tenant’s Delay. 

42.3 If and when Tenant shall take actual possession of the Premises, it shall be conclusively presumed that the same were in satisfactory
condition as of the date of such taking of possession (subject only to any “punch list” items that Tenant provides in accordance with Insert 21.1 of this Lease within the time period required by Insert 21.1 of this Lease). 

42.4 Notwithstanding anything contained herein to the contrary, Tenant may enter the Premises prior to the Rent Commencement Date solely for
the purpose of performing Additional Work and installing Tenant’s voice, data and FF&E provided and only on condition that (a) such possession, installation and Additional Work shall be subject to all of the terms and conditions of
this Lease (including, without limitation, the insurance and indemnification requirements), except that with respect to the period of time prior to the Rent Commencement Date during which Tenant performs such installation and Additional Work, Tenant
shall not be required to pay (i) Fixed Rental, or (ii) recurring Additional Rental, (b) all entry into the Premises by Tenant, and all installation and Additional Work shall be done at Tenant’s sole risk, (c) Tenant shall be
liable for the cost of any services that are provided to Tenant during the period of Tenant’s possession prior to the Rent Commencement Date, and (d) Tenant shall not interfere with Landlord’s Work. If any

  
 10. 

 
installation, Additional Work (including, without limitation, the proposal, plan filing and/or performance thereof) or other action done by or on behalf of Tenant results in a stoppage of or
interference with Landlord’s Work, and Tenant does not immediately cease such interference upon notice (which may be oral, written or by electronic mail) to Tenant so that Landlord’s Work may be resumed or continued without such
interference, then any continuation of such stoppage or interference shall constitute a Tenant’s Delay. 
 42.5 Except as expressly set
forth in this Section 42.5, Landlord shall not have any liability and Tenant’s obligations under this Lease shall not in any way be affected by any delay in the Rent Commencement Date. Provided and on condition that Tenant is not then in
default under this Lease beyond the expiration of any applicable notice, grace, and cure periods, then, if for reasons other than force majeure, the Rent Commencement Date shall not occur on or before the last day of the ninth (9th) full calendar
month following the month in which occurs the Plan Approval Date (as hereafter defined) (the “First Deadline”), for each day occurring after the First Deadline to and including the day immediately preceding the Rent Commencement Date, the
Credit shall be increased by $737.00. Any increases in the Credit pursuant to this paragraph shall herein be referred to as the “Additional Credit”. If Tenant qualifies for the Additional Credit and this Lease does not terminate pursuant
to Tenant’s exercise of Tenant’s No Commencement Termination Right (as hereafter defined) then, the Additional Credit shall be Tenant’s sole and exclusive remedy for any delay in the Rent Commencement Date. Any Additional Credit shall
be applied against the Fixed Rental due commencing on the day immediately following the day that the Credit is exhausted (pursuant to Section 40.2 of this Lease) and continuing thereafter until exhausted. Notwithstanding the foregoing, any
Additional Credit shall not be applied against any Additional Rental, electricity charges, or other like sums from time to time payable by Tenant pursuant to this Lease, which amounts shall be paid without abatement in accordance with the terms of
this Lease. Provided and on condition that Tenant is not then in default under this Lease beyond the expiration of any applicable notice, grace, and cure periods, then, if for reasons other than force majeure, the Rent Commencement Date shall not
occur on or before the last day of the twelfth (12th) full calendar month following the month in which occurs the Plan Approval Date (the “Final Deadline”), as Tenant’s sole and exclusive remedy, Tenant may, at any time from and after
the Final Deadline deliver ten (10) days’ written notice to Landlord of Tenant’s election to terminate this Lease (the “Tenant’s No Commencement Termination Right”) and this Lease shall be deemed terminated and null and
void upon the expiration of such ten (10) day period, unless Landlord delivers the Rent Commencement Date Notice (as defined in Section 39.2 of this Lease) to Tenant prior to the expiration of such ten (10) day period. If this Lease
terminates pursuant to the preceding sentence, Landlord shall promptly refund to Tenant (I) all of the Money For Landlord’s Work (as defined in Article 41 of this lease), (II) the security deposit, and (III) any Fixed Rental and
Additional Rental that never became due under this Lease (but only to the extent in the case of (I), (II) and (III) same was actually paid to Landlord by Tenant). 
  

	43.	 PLAN APPROVAL PROCESS/PLAN APPROVAL DATE 

43.1 Within ten (10) days after the Commencement Date, Tenant shall submit proposed Plans (as defined in Exhibit B) to Landlord
(“First Submission”). Failure by Tenant to make the First Submission within said ten (10) day period shall be deemed a Tenant’s Delay. 

  
 11. 

 43.2 Landlord shall either approve or reject the First Submission in writing within ten
(10) days after Landlord’s receipt thereof. If Landlord rejects the First Submission, Landlord shall specify the items that Landlord is rejecting and the reasons for such rejection and Tenant shall submit Revised Plans (as hereafter
defined) within ten (10) days after receipt of Landlord’s disapproval. 
 43.3 The parties shall repeat the process set forth in
Section 43.2 within the respective periods required by Section 43.2 until Landlord accepts Tenant’s proposed Plans in writing. “Revised Plans” shall mean Plans that are the same as the prior Plans submission except with
respect to the items that Landlord has specifically rejected in the prior Plans submission. Any failure by Tenant to submit Revised Plans within ten (10) days after receipt of Landlord’s disapproval shall be deemed a Tenant’s Delay.
Once Landlord has accepted in writing Tenant’s proposed Plans, all of the following shall apply: (i) any request for modification to said accepted Plans shall be subject to Landlord’s prior written consent, (ii) any time spent by
Landlord because of any such request for modification shall be deemed a Tenant’s Delay (irrespective of whether Landlord accepts said modification), (iii) any costs incurred by Landlord because of any such request for modification (irrespective
of whether Landlord accepts said modification) shall be due and payable by Tenant to Landlord as Additional Rental within ten (10) days after Landlord’s written demand, and (iv) if Landlord consents to such modification, (a) any
work included in said modification shall be deemed “Modification Work” and shall be performed by Landlord as part of Landlord’s Work but at Tenant’s sole cost and expense (payable by Tenant to Landlord as Additional Rental within
ten (10) days after Landlord’s written demand), and (b) any additional time spent by Landlord performing Modification Work (ie. beyond what Landlord would have spent if not for the Modification Work) shall be deemed a Tenant’s
Delay. 
 43.4 In the event that (i) Tenant submits to Landlord the First Submission or Revised Plans in accordance with this Lease,
(ii) Tenant includes with such submission a written request for Landlord’s consent to same and a note in bold uppercase letters that “PURSUANT TO SECTION 43.4 OF THE LEASE, LANDLORD’S FAILURE TO RESPOND TO THE ENCLOSED CONSENT
REQUEST WITHIN TEN (10) DAYS AFTER LANDLORD RECEIVES THIS REQUEST SHALL BE DEEMED TO MEAN THAT PURSUANT TO SECTION 43.4 OF THE LEASE, YOUR CONSENT TO THE ENCLOSED PLANS IS DEEMED TO BE GIVEN”, and (iii) Tenant also
sends a simultaneous copy of said consent request and bold uppercase note (but not the proposed Plans) to Landlord’s attorneys in accordance with the notice provisions of this Lease, then, if Landlord fails to respond to such First Submission
or Revised Plans within ten (10) days after Landlord receives such First Submission or Revised Plans, as Tenant’s sole and exclusive remedy, Landlord’s consent to the proposed Plans shall be deemed given. 

43.5 The “Plan Approval Date” shall mean the date that is the last to occur of the following: (i) Plans are submitted in writing
by Tenant and accepted in writing by Landlord, (ii) the Plans have been filed to the extent required to be filed with the Department of Buildings of the City of New York and any other authorities having jurisdiction thereof, and
(iii) Landlord has obtained any and all required governmental and quasi-governmental approvals of the Plans so that the work described therein can be lawfully performed. 

  
 12. 

	44.	 ESCALATIONS FOR INCREASE IN REAL ESTATE TAXES  

44.1 For each Tax Year or portion thereof occurring in whole or in part during the term or any renewal term of this Lease, Tenant shall pay, as
Additional Rental, the Tax Payment (hereafter defined) for such Tax Year or portion thereof. 
 44.2 “Taxes” shall mean the total
of all real estate taxes and assessments and special assessments, business improvement district charges, and other levies of a similar or dissimilar nature levied, assessed or imposed upon or against the Landlord, the land and/or Building located at
26 Broadway, New York, New York (individually referred to hereinafter as the “Land” and the “Building”). If at any time during the term of this Lease the methods of taxation prevailing at the commencement of the term hereof shall
be altered so that if and to the extent that in lieu of or as a substitute for the whole or any part of the taxes, assessments, levies or impositions or charges now levied, assessed or imposed on real estate and the improvements thereon, there shall
be levied, assessed or imposed: (i) a tax, assessment, levy, imposition or charge wholly or partially as capital levy or otherwise on the rents received therefrom; (ii) a tax, assessment, levy, imposition or charge measured by or based in
whole or in part upon the Building or the Land or the Premises and imposed upon Landlord; (iii) a license fee measured by the rents payable by Tenant to Landlord; or (iv) any additional or substitute tax assessment, levy, imposition or
charges against the Land and/or the Building and/or the Premises; then all such taxes, assessments, levies, impositions or charges or part thereof so measured or based, shall be deemed to be included with the term “Taxes.” Notwithstanding
the foregoing, in no event shall Taxes include (I) any income, franchise, succession, payroll, capital stock, excess profits, inheritance, estate, recording, transfer or documentary stamp tax levied on Landlord or on the holder of any mortgage,
or (II) any interest or penalties imposed on Landlord due to the late payment by Landlord of Taxes other than interest or charges payable as a result of the late payment by Tenant of a Tax Payment. 

44.3 “Tax Year” shall mean the fiscal year for which Taxes are levied by the applicable governmental authority. 

44.4 “Base Tax” shall mean the Taxes for the fiscal year commencing July 1, 2014 and ending June 30, 2015 (such fiscal year
being hereinafter referred to as the “Base Tax Year”). 
 44.5 “Tenant’s Proportionate Share” shall mean 1.14%. 

44.6 If the Taxes for any Tax Year occurring wholly or partially within the term of this Lease or any renewal or extension thereof shall be
greater than the Base Tax, Tenant shall pay as Additional Rental for such Tax Year a sum equal to Tenant’s Proportionate Share of the amount by which the Taxes for such Tax Year are greater than the Base Tax (which amount is hereinafter called
the “Tax Payment”). Should this Lease terminate prior to the expiration of a Tax Year, such Tax Payment shall be prorated to correspond with that portion of a Tax Year occurring within the term of this Lease. Tenant’s obligation to
pay such Additional Rental and Landlord’s obligation to refund pursuant to Paragraph 44.7 below, as the case may be, shall survive the expiration or sooner termination of this Lease for a period of one (1) year. 

  
 13. 

 44.7 Only Landlord shall be eligible to institute proceedings to contest the Taxes or reduce
the assessed valuation of the Land and Building. Landlord shall be under no obligation to contest the Taxes or the assessed valuation of the Land and Building for any Tax Year or to refrain from contesting the same, and may settle any such contest
on such terms as Landlord in its sole judgment considers proper. If Landlord shall receive a refund for any Tax Year for which a Tax Payment shall have been made by Tenant pursuant to Paragraph 44.6 above, Landlord shall repay to Tenant, with
reasonable promptness, Tenant’s Proportionate Share of such refund after deducting from such refund the reasonable costs and expenses (including experts’ and attorneys’ fees) of obtaining such refund. 

44.8 Landlord shall render to Tenant a comparative statement, with a copy of the then current tax bill, showing the amount of the Base Tax, the
amount of the Taxes for the then current Tax Year, and the Tax Payment, if any, due from Tenant for such Tax Year. The Tax Payment shown on such comparative statement shall be paid in full by Tenant to Landlord within fifteen (15) days after
Tenant’s receipt of such comparative statement, or, at Landlord’s option, shall be paid in two (2) installments on the later of (a) fifteen (15) days after Landlord provides such statement, and (b) July 1 and
January 1 of such Tax Year. At the election of Landlord, the Tax Payment may be billed by Landlord and paid by Tenant in equal monthly installments. In such event, Tenant shall pay the installment of the Tax Payment shown on such comparative
statement on or prior to the later of (a) fifteen (15) days after Landlord provides such statement, and (b) the date that an installment of Fixed Rental is due under this Lease, or if such statement shall be rendered at or after the
termination of this Lease, within fifteen (15) days after such rendition. Each comparative statement shall be conclusive and binding on Tenant, unless within fifteen (15) days after receipt of such comparative statement, Tenant shall
notify Landlord of any discrepancy in specific detail. Pending the determination of such dispute, by agreement or otherwise, Tenant shall pay the Tax Payment set forth on the comparative statement. 

 

	45.	 INTENTIONALLY DELETED. 

 

	46.	 INTENTIONALLY DELETED. 

 

	47.	 ALL ADDITIONAL RENTAL PAYMENTS 

47.1 Landlord’s delay or failure during the term of this Lease to prepare and deliver any statements or bills required to be delivered to
Tenant under this Lease shall not in any way be deemed to be a waiver of, or cause Landlord to forfeit or surrender its rights to collect any Additional Rental which may have become due pursuant to these Articles during the term of this Lease.
Tenant’s liability for Additional Rental due under this Lease, shall continue unabated during the remainder of the term of this Lease and shall survive the expiration or sooner termination of this Lease. 

47.2 In no event shall any adjustment of any payments payable by Tenant in accordance with the provisions of this Lease result in a decrease in
the fixed rental or any Additional Rental theretofore payable by Tenant pursuant to these Articles. 
 47.3 If any Additional Rental is
payable with respect to any period that shall end after the expiration or termination of this Lease, the Additional Rental payable by Tenant in respect thereof shall be prorated to correspond to that portion of such Expense Year occurring within the
term of this Lease. 

  
 14. 

	48.	 ASSIGNMENT AND SUBLETTING 

48.1 Except as expressly set forth herein, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives,
successors and assigns, expressly covenants that it shall not assign, mortgage, or encumber this Lease or any of its rights or estates hereunder, sublet the Premises or any part thereof, or permit the Premises, or any part thereof, to be used or
occupied by others, pursuant to a management agreement, license agreement or otherwise, without the prior written consent of Landlord in each instance which shall not be unreasonably withheld or delayed pursuant to Section 48.4 of this Lease
subject however to Landlord’s rights under Section 48.3 of this Lease. If this Lease be assigned, or if the Premises or any part thereof be sublet or occupied by anybody other than Tenant, Landlord may, after any monetary default or
material non monetary default by Tenant, collect rent from the assignee, subtenant, or occupant, and apply the net amount collected to the rent herein reserved, but no assignment, subletting, occupancy, or collection shall be deemed a waiver of the
provisions hereof, the acceptance of the assignee, subtenant, or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. Landlord’s consent to an assignment or
subletting shall not, in any wise, be construed to relieve Tenant from obtaining Landlord’s express written consent to any further assignment or subletting. In no event shall any permitted sublessee assign or encumber its sublease, further
sublet all or any portion of its sublet space, or otherwise suffer to permit the sublet space, or any part thereof, to be used or occupied by others, without Landlord’s prior written consent in each instance, and the foregoing prohibitions and
restrictions shall be expressly set forth in each sublease entered into by Tenant. With respect to the first request for Landlord consent to an assignment of sublease or to a sublease by a permitted subtenant, Landlord’s consent shall not be
unreasonably withheld or delayed pursuant to Section 48.4 of this Lease, subject however to Landlord’s rights under Section 48.3 of this Lease. With respect to any subsequent request for Landlord consent to an assignment of sublease
or sublease by a permitted subtenant, Landlord may grant, withhold or deny Landlord’s consent in Landlord’s sole and absolute discretion (or Landlord may exercise Landlord’s rights under Section 48.3 of this Lease). A
modification, amendment or extension of a sublease shall be deemed to be a subletting. 
 48.2 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 to Landlord, which notice shall be accompanied by: (a) a conformed or photostatic copy of the material business terms of
the proposed assignment or sublease, the effective or commencement date of which shall be not less than thirty (30) nor more than seventy-five (75) days after the giving of such notice; (b) a statement setting forth, in reasonable
detail, the identity of the proposed assignee or subtenant and its principals, 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 and its
principals, including its (and their) most recent financial report(s). 
 48.3 (a) In the event of a proposed assignment, except in the case
of an assignment contemplated by Section 48.17, Landlord shall then have the right to elect, by notifying Tenant within thirty (30) days after delivery of the items required in Section 48.2, to terminate this Lease, as of such
effective date as if it were the Expiration Date set forth in this Lease. 
 (b) Intentionally deleted 

  
 15. 

 (c) In the event of a proposed sublease of all or any portion of the Premises, except in the
case of a sublease contemplated by Section 48.17, Landlord shall then have the right to elect, by notifying Tenant within thirty (30) days after delivery of the items required in Section 48.2, to terminate this Lease as to the portion
of the Premises affected by such subletting or as to the entire Premises in the case of a subletting thereof, as of such effective date. 

(d) In the event that Landlord exercises its option to terminate this Lease in the event of a proposed assignment or a proposed sublease of the
entire Premises then provided and only on condition that Tenant vacates and surrenders the Premises in accordance with this Lease on or prior to the date that this Lease terminates, (i) Landlord shall promptly refund to Tenant (I) the
unapplied portion of the security deposit and (II) the unamortized portion of the Money For Landlord’s Work (but only in the case of (I) and (II) to the extent same has actually been paid by Tenant to Landlord), and (ii) Tenant
shall be released from all Fixed Rental and Additional Rental accruing after the termination date; provided however that Tenant shall remain liable for all Fixed Rental and Additional Rental accruing on or prior to the termination date (including,
without limitation for third party claims arising on or prior to the termination date irrespective of when such claims are actually made) and such liability shall survive the termination of this Lease for a period of one year. 

(e) If pursuant to the exercise of Landlord’s option pursuant to Section 48.3(c) hereof this Lease is terminated as to only a portion
of the Premises, then the Fixed Rental and Additional Rental payable hereunder hereof shall be adjusted in proportion to the portion of the Premises affected by such termination. 

48.4 In the event that Landlord does not exercise any of the options available to it pursuant to Section 48.3 above and provided that
Tenant is not in default of any of Tenant’s obligations under this Lease beyond the expiration of any applicable notice, grace and/or cure period, Landlord’s consent (which shall be in form reasonably satisfactory to Landlord) to the
proposed assignment or sublease shall not be unreasonably withheld or delayed, provided and upon condition that: 
 48.4.1 Tenant shall have
complied with the provisions of Article 48.1 above; 
 48.4.2 In Landlord’s reasonable judgment the proposed assignee or subtenant is
engaged in a business or activity, and the Premises will be used in a manner, which is (a) limited to the use of the Premises permitted herein; (b) will not violate any negative covenant as to use contained in any other lease of space in
the Building; and (c) will not be in violation of the use restrictions set forth elsewhere in this Lease. 
 48.4.3 The proposed
assignee or subtenant (and its principals) are reputable persons of good character and with sufficient financial worth considering the responsibility involved in the judgment of Landlord and Landlord has been furnished with proof thereof; 

48.4.4 The nature and character of the proposed subtenant or assignee, its business or activities and intended use of the demised premises is,
in Landlord’s reasonable judgment, in keeping with the standards of the Building and the floor or floors on which the demised premises are located; 

  
 16. 

 48.4.5 Neither the proposed assignee or subtenant nor any person who, directly or
indirectly, controls, is controlled by, or is under common control with, the proposed assignee or subtenant, (a) is then a tenant or an occupant of any part of 26 Broadway, New York, New York, nor (b) is a party who dealt with, or is then
negotiating with, Landlord or Landlord’s agent (directly or through a broker) with regard to space in the Building either currently or during the six (6) months immediately preceding Tenant’s request for consent; 

48.4.6 The form of the proposed sublease or instrument of assignment shall be in form reasonably satisfactory to Landlord and shall comply with
the applicable provisions of this Article; 
 48.4.7 Tenant shall reimburse Landlord on demand for the reasonable costs that may be incurred
by Landlord in connection with said assignment or sublease, including, without limitation, the costs of making investigations as to the acceptability of the proposed assignee or subtenant, and legal fees incurred in connection with the requested
consent (which reimbursement shall not be refundable under any circumstance, including, without limitation, the occurrence or failure to occur of said assignment or sublease and/or Landlord’s consenting to said assignment or sublease); 

48.4.8 The Premises shall not, without Landlord’s prior written consent, have been listed or otherwise been publicly advertised for
assignment or subletting at a rental rate lower than the then prevailing rental for other similar space in the Building; and 
 48.4.9 The
proposed occupancy shall not impose an extra burden upon services to be supplied by Landlord to Tenant or to other tenants of the Building. 

48.5 No assignment or subletting shall be made: 

48.5.1 by the legal representatives of Tenant or by any person to whom Tenant’s interest under this Lease passes by operation of law,
except in compliance with the provisions of this Article; or 
 48.5.2 to any person or entity for the conduct of a business which is not in
keeping with the then Certificate of Occupancy for the Building and applicable zoning laws. 
 48.6 The sublease shall expressly prohibit the
use of the Premises or any part thereof for any use other than the use set forth in paragraph 2 of the prefixed printed form. 
 48.7 In the
event that Tenant fails to execute and deliver the assignment or sublease to which Landlord consented within ninety (90) days after the giving of such consent, then Tenant shall again comply with all of the provisions and conditions of
Section 48.1 before assigning this Lease or subletting all or part of the Premises. 
 48.8 Each subletting pursuant to this Article
shall be subject to all of the applicable covenants, agreements, terms, provisions and conditions contained in this Lease. Notwithstanding any such subletting and/or acceptance of Fixed Rental or Additional Rental by Landlord from any subtenant,
Tenant shall and will remain fully liable for the payment of the Fixed Rental and Additional Rental due, and to become due, hereunder, for the performance of all of the covenants, 

  
 17. 

 
agreements, terms, provisions and conditions contained in this Lease on the part of Tenant to be performed and for all acts and omissions of any licensee, subtenant, or any other person claiming
under or through any subtenant that 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 claiming through or under Tenant shall, or will be made, except upon compliance with, and subject to, the provisions of this Article. If Landlord shall decline to give its consent to any
proposed assignment or sublease, Tenant shall indemnify, defend and hold Landlord harmless from and against any and all losses, liabilities, damages, costs and expenses (including reasonable counsel fees) resulting from any claims that may be made
against Landlord by the proposed assignee or subtenant or by any brokers or other persons claiming a commission or similar compensation in connection with the proposed assignment or sublease. 

48.9 With respect to each and every sublease or subletting, it is further agreed that: 

48.9.1 no subletting shall be for a term ending later than one day prior to the expiration date of the term of this Lease; 

48.9.2 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; 
 48.9.3 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, re-entry, or dispossess by Landlord under this Lease, Landlord may, at its option, take over all of the right,
title and interest of Tenant as sublandlord 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: (a) be liable
for any previous act or omission of Tenant under such sublease; (b) be subject to any offset that theretofore accrued to such subtenant against Tenant; or (c) be bound by any previous modification of such sublease (unless such modification
was specifically consented to in writing by Landlord), or by any previous prepayment of more than one month’s fixed rental or any additional rental then due under the sublease. 

48.10 Any assignment or transfer shall be made only if, and shall not be effective until, the assignee shall execute, acknowledge and deliver
to Landlord an agreement, in form and substance satisfactory to Landlord, whereby the assignee shall assume all of the obligations of this Lease on the part of Tenant to be performed or observed and whereby the assignee shall agree that the
provisions contained in Section 48.1 shall, notwithstanding such assignment or transfer, continue to be binding upon it in respect of all future assignments and transfers. The original named Tenant covenants that, notwithstanding any assignment
or transfer, whether or not in violation of the provisions of this Lease, and notwithstanding the acceptance of Fixed Rental and/or Additional Rental by Landlord from an assignee, transferee, or any other party, the original named Tenant shall
remain fully liable for the payment of Fixed Rental and Additional Rental and for the other obligations of this Lease on the part of the Tenant to be performed or observed. 

  
 18. 

 48.11 In no event shall Tenant be entitled to make, nor shall Tenant make, any claim, and
Tenant hereby waives any claims, for money damages (nor shall Tenant claim any money damages by way of set-off counterclaim or defense) based upon any claim or assertion by Tenant that Landlord has
unreasonably withheld or unreasonably delayed its consent or approval to a proposed assignment or subletting as provided for in this Article. Tenant’s sole remedy shall be an action or proceeding to enforce any such provision, or for specific
performance, injunction or declaratory judgment. 
 48.12 If applicable, one or more sales or transfers, by operation of law or otherwise, or
creation of new stock, partnership, membership or voting interests, aggregating in excess of fifty percent (50%) of (i) the voting stock of any corporate tenant, or (ii) the limited or general partnership interest in any partnership
tenant, or (iii) the membership interests in any limited liability company tenant, whether in a single transaction or in a series of transactions, shall be deemed an assignment within the meaning of this Article and shall require
Landlord’s prior written consent which shall be governed by the other provisions of this Article 48. From time to time, at Landlord’s request, Tenant shall provide Landlord with a statement of Tenant, certified by Tenant’s Secretary,
of its then current shareholders and persons having a beneficial interest in the shares of stock of Tenant, the names of such shareholders and beneficial interest holders, and the percentage of shares held by each of them. 

48.13 The joint and several liability of Tenant and any immediate or remote successor in interest to 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. 
 48.14 The listing of any name other
than that of Tenant, whether on the doors of the Premises, 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 assignment or transfer of this
Lease, to any sublease of the Premises, or to the use or occupancy thereof by others. 
 48.15 If Tenant shall assign this Lease or sublease
all or any part of the demised premises (except in the event of an assignment or sublease pursuant to Section 48.17 in which event this Section 48.15 shall not apply), Tenant shall pay to Landlord, as Additional Rent: 

(i) 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 or otherwise (including, but not limited to, sums paid for the sale of Tenant’s fixtures, leasehold improvements, equipment, furniture, furnishings or other personal property, less, in the case
of a sale thereof, the then net unamortized or undepreciated cost thereof (including, without limitation, reasonable actual out-of-pocket attorney’s fees, brokerage
fees, Landlord fees, and construction costs (but only to the extent such costs are in connection with the actual assignment in question) determined on the basis of Tenant’s federal income tax returns); and 

  
 19. 

 (ii) in the case of a sublease, fifty percent (50%) of any rents, additional
charge or other consideration payable under the sublease or otherwise to Tenant by the subtenant which is in excess of the fixed annual 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, but not limited to, sums paid for the sale or rental of Tenant’s fixtures, leasehold improvements, equipment, furniture or other personal property, less, in
the case of the sale thereof, the then net unamortized or undepreciated cost thereof (including, without limitation, reasonable actual out-of-pocket attorney’s
fees, brokerage fees, Landlord fees, and construction costs (but only to the extent such costs are in connection with the actual sublease in question) determined on the basis of Tenant’s federal income tax returns). 

The sums payable under this Section 48.15 shall be paid to Landlord as and when paid by the subtenant or assignee, as the
case may be, to Tenant. 
 48.16 No assignment of this Lease or subletting of all or a portion of the Premises shall release or affect the
obligations of any guarantor of this Lease. 
 48.17 Tenant shall have the right, subject to the terms and conditions hereinafter set forth,
without the consent of, but on written notice to, Landlord, but subject to Tenant’s satisfaction of (a) the conditions set forth in Section 48.1 (other than the requirement that Tenant obtain Landlord’s consent), (b) Tenant
providing Landlord with a statement setting forth, in reasonable detail, the identity of any new person and/or entity as a result of the transaction, (c) the use of the Premises not changing as a result of the transaction, and (d) all of
Section 48.10 above, (i) to assign its interest in this Lease to any corporation which is a successor to Tenant either by merger or by consolidation, (ii) to assign its interest in this Lease to a purchaser of all or substantially
all. of Tenant’s assets or stock (provided such purchaser shall have also assumed substantially all of Tenant’s liabilities), (iii) to assign its interest in this Lease to an entity which shall control, be under the control of, or be under
common control with Tenant, (iv) to transfer interests (including stock) in Tenant to family members for estate planning purposes, (v) to transfer interests (including stock) in Tenant as a result of death or incapacity of a stockholder,
(vi) to transfer interests (including stock) in Tenant if interests in Tenant are publicly traded on a recognized stock exchange or pursuant to a public offering thereof, or (vii) to create new classes of stock pursuant to additional
investment in Tenant. 
 48.18 Intentionally deleted. 
  

	49.	 LIMITATION OF LIABILITY 

49.1 If Landlord shall be an individual, joint venture, tenancy in common, co-partnership, limited
liability company, unincorporated association, or other unincorporated aggregate of individuals and/or entities or a corporation, Tenant shall look only to such Landlord’s estate and property in the Land and the Building for the satisfaction of
Tenant’s remedies for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default by Landlord hereunder, and no other property or assets of Landlord or any member, partner,
shareholder, director, officer or principal of Landlord shall be subject to levy, execution or other enforcement procedure for the satisfaction of Tenant’s remedies under or with respect to this Lease, the relationship of Landlord and Tenant
hereunder or Tenant’s use or occupancy of the Premises. 

  
 20. 

 49.2 If Tenant shall request Landlord’s consent or approval pursuant to any of the
provisions of this Lease or otherwise, and Landlord shall fail or refuse to give, or shall delay in giving, such consent or approval, including, but not limited to, Article 48 above, Tenant shall in no event make, or be entitled to make, any claim
for damages (nor shall Tenant assert, or be entitled to assert, any such claim by way of defense, set-off, or counterclaim) based upon any claim or assertion by Tenant that Landlord unreasonably withheld or
delayed its consent or approval, and Tenant hereby waives any and all rights that it may have from whatever source derived, to make or assert any such claim. Tenant’s sole remedy for any such failure, refusal, or delay shall be an action for a
declaratory judgment, specific performance, or injunction, and such remedies shall be available only in those instances where Landlord has expressly agreed in writing not to unreasonably withhold or delay its consent or approval or where, as a
matter of law, Landlord may not unreasonably withhold or delay the same. 
  

	50.	 INDEMNIFICATION 

Tenant shall, at all times and at its sole cost and expense, indemnify, defend and hold Landlord, any holder of a Superior Mortgage (defined
below), and any lessor under a Superior Lease (defined below), together with their respective agents, affiliates, employees, partners, members, officers, directors and shareholders (collectively, the “Indemnitees”) harmless from and
against any and all claims, suits, actions, damages, fines, charges, penalties, losses, liens, fees, costs, court costs, expenses (including, but not limited to, all reasonable fees and disbursements of attorneys, architects, engineers and other
professionals engaged by one or more Indemnitees) and liabilities which may be incurred by or imposed on any Indemnitee or which may arise in connection with any claims, suits or actions, the investigation thereof or the defense of any action or
proceeding brought thereon, or from the enforcement of this indemnity, or from and against any orders, judgments and/or decrees which may be entered or which may arise, wholly or in part, with respect to or on account of: (a) any personal
injury, bodily injury, loss of life and/or damage to property that may occur or be claimed by or with respect to any person(s) or property in the Premises and resulting from the use, misuse, occupancy, operation and/or management of the Premises by
Tenant, its successors, permitted assigns or any subcontractors, or by other persons or entities claiming by, through or under Tenant, or by their respective agents, employees, contractors, licensees, invitees, guests or other such persons or
entities, except if such injury, loss and/or damage is caused solely by Landlord’s or any Indemnitee’s willful misconduct or negligence, (b) any personal injury, bodily injury, loss of life and/or damage to property that may occur or
be claimed by or with respect to any person(s) or property on or about the appurtenances to the Premises, or upon the adjacent vaults (if any), sidewalks, ramps, curbs or streets, and resulting solely from the Tenant’s acts, or the acts of
Tenant’s successors, permitted assigns or any subcontractors, or by the acts of any other persons or entities claiming by, through or under Tenant, or by their respective agents, employees, contractors, licensees, invitees, guests or other such
persons or entities, except if such injury, loss and/or damage is caused solely by Landlord’s or any Indemnitee’s willful misconduct or negligence, (c) the breach of any term, covenant or condition of this Lease beyond the expiration
of any applicable notice, and cure periods by Tenant, its successors, permitted assigns or any subcontractors, or by other persons or entities claiming by, through or under Tenant, or by their respective agents, employees, contractors, licensees,
invitees, 

  
 21. 

 
guests or other such persons or entities, (d) the filing of any mechanic’s or materialmen’s lien or of any other attachment or encumbrance against the Land and/or the Building due
to work done by or on behalf of Tenant (but not due to Landlord’s Work), (e) the condition of the Premises, including any repairs, replacements, changes or alterations which Tenant has or will perform or (only in the case of repairs,
replacements, changes or alterations which Tenant is required by this Lease to perform) which Tenant shall fail to perform therein, or (f) Tenant’s use or storage of any Hazardous Materials (defined below). All such actions, suits, claims,
damages and/or proceedings shall be resisted and defended by Tenant at its sole cost and expense. Landlord shall in no event be liable for any injury or damage to the Premises or to Tenant or any successors, permitted assigns or subcontractors, or
other persons claiming by, through or under Tenant or their respective agents, employees, licensees, invitees, business visitors and guests or other such persons, or to any property of any such persons. Tenant shall promptly reimburse each
Indemnitee for any and all expenditures covered by this indemnity and hold harmless. Tenant’s obligations under this Article 50 shall survive the expiration or earlier termination of this Lease. 

 

	51.	 INSURANCE 

51.1 Tenant shall obtain and keep in full force and effect during the term of this Lease: 

51.1.1 a policy of commercial general public liability insurance, including bodily injury, personal injury and property damage coverage, with a
broad form contractual liability endorsement or its equivalent, naming Tenant as insured and protecting Landlord, Landlord’s employees and managing agent, and any mortgagees or lessors having an interest in the Building, as additional insureds
(issued on an “occurrence” basis and not a “claims made” basis) against claims for personal injury, bodily injury, death and/or third-party property damage occurring in or about the Premises or the Building, and under which the
insurer agrees to waive any right of recovery such insurer may have had against Landlord, Landlord’s employees and managing agent, and any mortgagees or lessors having an interest in the Building and to indemnify, defend and hold Landlord
harmless from and against, among other things, all cost, expense and/or liability (including, without limitation, reasonable attorneys’ fees) arising out of or based upon any and all claims, accidents, injuries and damages occurring in, on or
about the Premises (whether or not such claims, accidents, injuries and damages occurred as a result of Landlord’s negligence). The minimum limits of liability applicable exclusively to the Premises shall be a combined single limit with respect
to each occurrence in an amount of not less than $6,000,000 (or in any increased amount (or in the form of an umbrella liability policy for “excess” liability coverage) required by Landlord in the exercise of Landlord’s commercially
reasonable discretion); and 
 51.1.2 insurance against loss or damage by fire and such other risks and hazards (including burglary, theft,
vandalism, sprinkler leakage, water damage, explosion, breakage of glass within the Premises and, if the Premises are located at or below grade, broad form flood insurance) as are insurable under then available standard forms of “all risk”
insurance policies, to Tenant’s personal property and business equipment and fixtures (hereinafter, “Tenant’s Property”) and, whether or not such alterations or tenant improvements had been paid for or performed by Tenant, any
alterations and tenant improvements in and to the Premises for the full replacement cost value thereof (with such policy having a deductible not in excess of an amount to be determined by Landlord in the exercise of Landlord’s commercially
reasonable discretion) protecting Tenant, Landlord, Landlord’s employees and managing agent, and any mortgagees or lessors having an interest in the Building; 

  
 22. 

 51.1.3 business interruption insurance in an amount sufficient to cover Tenant’s lost
profits and continuing expenses during the period Tenant is unable to do business in the Premises; and 
 51.1.4 Statutory Workmen’s
Compensation and Employers’ Liability insurance as required by law, and New York State disability insurance as required by law. 
 51.2
Prior to the time such insurance is first required to be carried by Tenant and thereafter, at least thirty (30) days prior to the expiration or other termination of any such policies, Tenant agrees to deliver to Landlord evidence of payment for
the policies and true and complete copies of the actual policies together with certificates evidencing such insurance. All such policies shall contain endorsements that (a) such insurance may not be modified or cancelled or allowed to lapse
except upon thirty (30) days’ written notice to Landlord by certified mail, return receipt requested, containing the policy number and the names of the insured and the certificate holder, and (b) Tenant shall be solely responsible for
payment of all premiums under such policies and Landlord shall have no obligation for the payment thereof notwithstanding that Landlord is or may be named as an additional insured. Tenant’s failure to provide and keep in force the
aforementioned insurance shall be regarded as a material default hereunder, entitling Landlord to exercise any or all of the remedies as provided in this Lease in the event of Tenant’s default. All insurance required to be carried by Tenant
pursuant to the terms of this Lease shall be effected under valid and enforceable policies issued by reputable and independent insurers permitted to do business in the State of New York which rate, in Best’s Insurance Guide, or any successor
thereto (or if there be none; an organization having a national reputation), as having a general policy-holder rating of “A” and a financial rating of at least “XIII.” Tenant shall not carry separate or additional insurance,
whether concurrent or contributing, in the event of any loss or damage, with any insurance required to be obtained by Tenant under this Lease. 

51.3 All policies to be maintained by Tenant hereunder and by Landlord with respect to the Building shall contain a provision that no act or
omission of Landlord or Tenant, as the case may be, shall affect or limit the obligation of the insurer to pay the amount of any loss sustained. 

51.4 The parties hereto shall procure an appropriate clause in, or endorsement on, any “all risk” or fire or extended coverage
insurance covering the Premises, the Building, the personal property, fixtures or equipment located thereon or therein, pursuant to which the insurance companies waive subrogation or consent to a waiver of right of recovery by the insured prior to
any loss. The waiver of subrogation or permission for waiver of the right of recovery in favor of Tenant shall also extend to all other persons or entities occupying or using the Premises in accordance with the terms of the Lease. If the payment of
an additional premium is required for the inclusion of such waiver of subrogation provisions or consent to a waiver of right of recovery, each party shall advise the other of the amount of any such additional premiums by written notice and the other
party shall pay the same or shall be deemed to have agreed that the party obtaining the insurance coverage in question shall be free of any further obligations under the provisions hereof relating to such waiver or consent. It is expressly
understood and agreed that Landlord will not be obligated to carry insurance on Tenant’s Property or Tenant’s work or insurance against interruption of Tenant’s business. 

  
 23. 

 51.5 Landlord hereby agrees to maintain insurance on the Building in the forms and amounts
required by any holder of a mortgage on the Building. 
 51.6 Each party hereby waives all rights of recovery, claim, action, cause of action
and releases the other party with respect to any claim (including a claim for negligence) which it might otherwise have against the other party for loss, damage or destruction with respect to its property (including rental value or business
interruption) occurring during the term of this Lease to the extent to which such party is insured under a policy containing a waiver of subrogation or naming the other party as an additional assured, as provided in this Article. If notwithstanding
the recovery of insurance proceeds by either party for loss, damage or destruction of its property (or rental value or business interruption) the other party is liable to the first party with respect thereto or is obligated under this Lease to make
replacement, repair or restoration, then provided the first party’s right of full recovery under its insurance policies is not thereby prejudiced or otherwise adversely affected, the amount of the net proceeds of the first party’s
insurance against such loss, damage or destruction shall be offset against the second party’s liability to the first party therefor, or shall be made available to the second party to pay for the replacement, repair or restoration, as the case
may be. Tenant shall advise insurers of the foregoing and such waiver shall be part of each policy maintained by Tenant which applies to the Premises, any part of the Premises or Tenant’s use and occupancy of any part thereof. 

 

	52.	 ELECTRIC CURRENT  

52.1 Tenant agrees that Tenant shall not make any electrical or mechanical installations, alterations, additions or changes to the electrical
equipment or appliances in the Premises (except that Tenant may connect standard office equipment without Landlord’s consent) without the prior written consent of Landlord, in each such instance and Tenant will at all times comply with the
rules and regulations applicable to the service, equipment, wiring and requirements of Landlord and of the utility company supplying electricity to the Building. Tenant covenants and agrees that at all times its use of electricity will not exceed
the capacity of existing feeders to the Building or the risers or wiring installations therein and Tenant shall not use any electrical equipment which, in Landlord’s sole judgment, will overload such installations or interfere with the use
thereof by other tenants in the Building. In the event that, in Landlord’s judgment (considering the needs and consumption of power by other tenants or anticipated tenants in the Building), Tenant’s electrical requirements above those
needed for normal office use necessitate installation of an additional riser, risers or other proper and necessary equipment or services, including additional ventilating or air conditioning, the same shall be provided or installed by Landlord at
Tenant’s sole expense, provided Tenant’s proposed installations shall be reasonably accommodated in the Building and shall not be detrimental, in Landlord’s engineer’s sole judgment, to the proper and economic functioning of the
Building or the use and enjoyment by other tenants therein. The preceding sentence shall not give rise to any obligation of Landlord to deliver Tenant electrical service in excess of the amount provided for in this Lease. Any such installations
shall be paid for by Tenant prior to Landlord’s commencement of the work therefor, such charges shall be chargeable and collectible as Additional Rental. In all electrical installations only rigid conduits or electrical metal tubing will be
allowed. 

  
 24. 

 If either the quantity or character of the electrical service is changed by the utility
company supplying electrical service to the Building or is no longer available or suitable for Tenant’s requirements, no such change, unavailability or unsuitability shall constitute an actual or constructive eviction, in whole or in part, or
entitle Tenant to any abatement or diminution of Fixed Rental or Additional Rental, or relieve Tenant from any of its obligations under this Lease or impose any liability upon Landlord, or its agents, by reason of inconvenience or annoyance to
Tenant, or injury to or interruption of Tenant’s business, or otherwise, unless such change, unavailability or unsuitability is due to Landlord’s gross negligence or willful misconduct and in such case only if and to the extent all of the
other requirements of Section 66.6 are satisfied. 
 52.2 Electricity shall initially be furnished by Landlord to Tenant on a
“submetering” basis, as follows: 
 52.2.1 If not already installed, Landlord shall, at its sole cost and expense, install a meter
or meters for the purpose of measuring the electric current consumed in the Premises; and 
 With respect to the Premises and/or any
portion(s) thereof that constitute less than a full floor of the Building, Landlord may, at its option, either: 
 52.2.2 Install a meter to
measure the amount of Usage (hereinafter defined) with respect solely to the Premises and/or to such portion(s); or 
 52.2.3 Measure the
amount of Usage with respect thereto through common meter(s). 
 Landlord shall, from time to time, furnish Tenant with a statement
indicating the appropriate period during which the Usage was measured and the amount of Tenant’s Cost payable by Tenant to Landlord for furnishing electrical current. Within fifteen (15) days after receipt of each such statement, Tenant
shall pay to Landlord as Additional Rental hereunder, the amount of Tenant’s Cost as set forth thereon, failing which Landlord may, upon thirty (30) days’ written notice to Tenant, discontinue the service of electric current to the
Premises without releasing Tenant from any liability under this Lease and without Landlord or Landlord’s agent incurring any liability to Tenant from any damage or loss sustained by Tenant by reason of such discontinuance of service. 

For the purposes of this subsection, “Usage” shall mean the number of kilowatt hours of electric current consumed in the Premises,
as measured by a meter or meters through which the electric current supplied to the Premises is drawn, for each calendar month or such other period as Landlord shall determine during the term of this Lease. In the event that all or a portion of the
Premises is serviced by a meter that also services other space in the Building, then Usage with respect to the Premises or the portion thereof serviced by a common meter, as the case may be, shall be deemed to be an amount equal to the product of:

 (x) The number of kilowatt hours measured by such meter, multiplied by 

(y) The result (hereinafter called “Tenant’s Electric Share”) of: 

(1) The rentable area of the Premises divided by 

  
 25. 

 (2) The aggregate rentable area of the premises serviced by such meter. 

“Rate” shall mean the amount per kilowatt hour that would be charged, at the time in question, by the public utility company
supplying electric current to the Building, at the rate schedule payable by Landlord from time to time, including, without limitation, all applicable surcharges, demand charges,
time-of-day charges, energy charges, fuel adjustment charges, rate adjustment charges, taxes, and other sums payable in respect thereof, as if the Usage were the total
current being purchased. 
 “Tenant’s Cost” shall mean an amount equal to the product of (i) the Rate, multiplied by
(ii) the Usage, multiplied by (iii) 108%. If any tax is imposed upon Landlord’s receipt from the sale or resale of electrical energy or gas or telephone service to Tenant by any Federal, State or Municipal Authority, Tenant covenants and
agrees that, where permitted by law, Tenant’s pro-rata share of such taxes shall be passed on to, and in included in the bill of, and paid by, Tenant to Landlord. 

The parties acknowledge that they understand that it is anticipated that electric rates, charges, etc., may be changed by virtue of time-of-day rates or other methods of billing, electricity purchases and the redistribution thereof, and that the references in the foregoing paragraphs to changes in methods
of or rules on billing are intended to include any such changes. Anything hereinabove to the contrary notwithstanding, in no event is the submetering additional rent to be less than an amount equal to the total of Landlord’s payment to public
utilities and/or other providers for the electricity consumed by Tenant (and any taxes thereon or on redistribution of same) plus eight percent (8%) for transmission line loss and other redistribution costs. 

52.3 Intentionally deleted. 
 52.4
Notwithstanding anything contained herein, provided Landlord terminates the furnishing of electricity to at least sixty percent (60%) of the Building, Landlord also reserves the right to, upon sixty (60) days’ written notice to Tenant,
terminate the furnishing of electricity to the Premises on a submetering basis, in which event, Tenant shall make application directly to the public utility for the Tenant’s entire separate supply of electric current and Landlord may, upon
expiration of the aforementioned sixty (60) days, discontinue furnishing electric current to Tenant. Any meters, risers or other equipment or connections necessary to enable Tenant to obtain electric current directly from such utility shall be
installed by Tenant (i) at Tenant’s sole cost and expense if Landlord is required by applicable law to terminate furnishing of electricity to the Premises on a submetering basis, and (ii) at Landlord’s sole cost and expense if
Landlord has voluntarily chosen to terminate the furnishing of electricity to the Premises on a submetering basis. Rigid conduits only will be allowed. Landlord shall also permit its wire and conduits, to the extent available and safely compatible,
to be used for such purpose. Irrespective of whether Landlord exercises any option set forth in this Article 52, Tenant shall not be released from any liability under this Lease and the Lease shall remain in full force and effect. Landlord agrees to
sign all forms (provided same are reasonably acceptable to Landlord and further provided that Landlord incurs no cost in connection therewith) in connection with Tenant’s application to the public utility pursuant to this Section 52.4;
provided, however, that if there is a cost in connection with such form, Landlord shall nonetheless sign said form and Tenant shall reimburse Landlord for such cost as Additional Rental within ten (10) days after Landlord’s written demand
for same. 

  
 26. 

 Any meter(s) installed by Landlord or Tenant pursuant to this Article 52 shall be maintained
and repaired by Tenant at Tenant’s sole cost and expense. 
  

	53.	 BROKER 

Tenant represents and warrants to Landlord that it neither consulted nor negotiated with any broker or finder with regard to the rental of the
Premises from Landlord, other than Newmark Grubb Knight Frank (“Broker”) who shall be paid by Landlord pursuant to Landlord’s separate agreement with Broker. Tenant agrees to indemnify and hold Landlord harmless from any damages,
liabilities, settlement payments, costs and expenses (including, without limitation, reasonable attorneys’ fees incurred in defending an action or claim or enforcing this indemnity) suffered, incurred or paid by Landlord by reason of any claim
or action for a commission or other compensation by any broker or other entity or person other than Broker who claims to have dealt with Tenant in connection with this Lease or the rental of the Premises from Landlord. The provisions of this Article
shall survive the expiration or earlier termination of this Lease. 
  

	54.	 BINDING EFFECT 

It is specifically understood and agreed that this Lease is offered to Tenant for signature by the managing agent of the Building solely in its
capacity as such agent and subject to Landlord’s acceptance and approval, and that Tenant shall have affixed its signature hereto with the understanding that such act shall not, in any way, bind Landlord or its agent until such time as this
Lease shall have been executed by Landlord and delivered to Tenant. 
  

	55.	 LATE FEE 

In the event that any payment to be made by Tenant hereunder shall become overdue for a period in excess of five (5) Business Days, a
“late charge” equal to the lesser of (a) Five Percent (5%) of the overdue payment or (b) the maximum amount allowable by law may be charged by Landlord and shall be payable by Tenant as Additional Rental on the first (1st) day of
the month following Landlord’s demand therefor. It is expressly acknowledged and agreed that nothing herein contained shall be deemed or construed as permitting or allowing Tenant to make any payment of Fixed Rental and/or Additional Rental at
a time other than when same shall be required to be paid pursuant to the provisions of this Lease. The acceptance of the late charge referred to in this Article shall not in any manner preclude Landlord from enforcing any of its rights contained
elsewhere in this Lease. 
  

	56.	 SECURITY DEPOSIT. 

56.1 It is agreed that in the event Tenant defaults under the terms of this Lease beyond the expiration of all grace, notice and cure periods,
Landlord may (but shall not be required to) use, apply or retain the whole or any part of the security so deposited for any sum Landlord may expend by reason of Tenant’s default, or for the payment of any
past-due Fixed Rental or Additional Rental. In the event Landlord shall apply all or any portion of Tenant’s security in accordance with this Lease, Tenant shall promptly (but no later than fifteen
(15) days after Landlord’s demand) deposit with Landlord an amount sufficient to restore such security to the amount set forth in Article 34. If Landlord retains or applies all or a portion of Tenant’s security deposit as a result of
Tenant’s default in the payment of Fixed Rental or Additional Rental and Tenant fails to restore the same as aforesaid, Tenant’s failure to restore such security deposit shall be deemed to be a default in the payment of Additional Rental,
for default in the payment of which Landlord shall have the same remedies as for a default in the payment of Fixed Rental. 

  
 27. 

 56.2 In the event of a sale or lease of the Building, Landlord shall have the right to
transfer the security to the purchaser, and, to the extent such funds (or letter of credit, if applicable) are or is actually transferred by Landlord, Landlord shall thereupon be released by Tenant from all liability for the return of such security.

 56.3 Tenant agrees that it shall not assign or encumber the funds deposited as security hereunder. 

56.4 (A) Provided (i) Tenant has paid all Fixed Rental and recurring Additional Rental payments due hereunder (on or before the dates such
payments were due to Landlord pursuant to the provisions of this Lease or prior to the expiration of any applicable notice, grace and/or cure periods) through the end of the thirty-sixth (36th) full calendar month following the Rent Commencement
Date, (ii) Landlord has not at any time started an eviction or lease termination proceeding against Tenant due to Tenant’s failure to pay non recurring Additional Rental hereunder beyond the expiration of any applicable notice, grace
and/or cure periods, and (iii) Tenant is not then in default under this Lease in the payment of Fixed Rental and/or recurring Additional Rental beyond the expiration of any applicable notice, grace, and/or cure periods, then in that event,
Tenant shall have the right (by providing written notice to Landlord) to reduce the amount of the security deposit to $110,550.00. 
 (B)
Provided (i) Tenant has paid all Fixed Rental and recurring Additional Rental payments due hereunder (on or before the dates such payments were due to Landlord pursuant to the provisions of this Lease or prior to the expiration of any
applicable notice, grace and/or cure periods) through the end of the seventy-second (72nd) full calendar month following the Rent Commencement Date, (ii) Landlord has not at any time started
an eviction or lease termination proceeding against Tenant due to Tenant’s failure to pay non recurring Additional Rental hereunder beyond the expiration of any applicable notice, grace and/or cure periods, and (iii) Tenant is not then in
default under this Lease in the payment of Fixed Rental and/or recurring Additional Rental beyond the expiration of any applicable notice, grace, and/or cure periods, then in that event, Tenant shall have the right (by providing written notice to
Landlord) to reduce the amount of the security deposit to $88,440.00. From and after the date that Tenant has reduced the amount of the security deposit to $88,440.00 (in accordance herewith), Landlord shall continue to maintain the sum of
$88,440.00 as the security deposit under this Lease through the Expiration Date. 
 (C) In the event (i) Tenant fails to pay any Fixed
Rental or recurring Additional Rental payment due hereunder (on or before the date that such payment is due to Landlord pursuant to the provisions of this Lease or prior to the expiration of any applicable notice, grace and/or cure periods) or
(ii) Landlord starts an eviction or lease termination proceeding against Tenant due to Tenant’s failure to pay non recurring Additional Rental hereunder beyond the expiration of any applicable notice, grace and/or cure periods, then in
either such event, the aggregate amount then being held by Landlord as the security deposit pursuant to the terms of this Lease shall remain unchanged and Tenant shall forego any future rights to reduce the amount of security deposit pursuant to
this Section 56.4. 

  
 28. 

	57.	 HOLDOVER 

Tenant expressly waives, for itself and for any person claiming through or under Tenant, any rights which Tenant or any such person may have
under the provisions of Section 2201 of the New York Civil Practice Law and Rules, the stay provisions of the Real Property Actions and Proceedings Law, and of any similar or successor law of same import then in force, in connection with any
holdover proceedings which Landlord may institute to enforce the provisions of this Lease. Tenant acknowledges that the timely surrender by Tenant of the Premises upon the expiration of the term of this Lease is an important inducement to Landlord
in entering into this Lease. If the Premises are not surrendered upon the termination of this Lease, Tenant hereby indemnifies Landlord against liability, including, without limitation, all reasonable attorneys’ fees incurred by Landlord and
related expenses, resulting from the delay by Tenant in so surrendering the Premises, and including any claims made by any succeeding tenant or prospective tenant founded upon such delay. In the event Tenant remains in possession of the Premises
after the termination of this Lease, without the execution of a new lease, then Tenant will pay Landlord as liquidated damages for each month and for each portion of any month during which Tenant holds over in the Premises after the termination of
the term of this Lease, a sum equal to one and one half (1.5) times the average Fixed Rental and the Additional Rental which was payable per month under this Lease during the last twelve (12) months of the term thereof. Nothing contained in
this Article shall be construed to mean that Landlord has given permission for Tenant or anyone else who occupies the Premises to remain on in the Premises as a monthly tenant, or as a tenant from month to month, and Landlord may proceed to evict
Tenant through a holdover or other lawful action or proceeding. Tenant’s obligations under this Article shall survive the termination of this Lease. 
  

	58.	 APPLICABLE LAW  

This Lease shall be governed in all respects by the laws of the State of New York. Tenant hereby specifically consents to jurisdiction in the
State of New York in any action or proceeding arising out of this Lease and/or the use and occupation of the Premises and waives any right to trial by jury and the right to interpose any counterclaim (except for compulsory counterclaims) in any
summary proceeding commenced by Landlord. If Tenant at any time after the date of the execution hereof or during the term hereof shall not be a New York partnership or a New York corporation or a foreign corporation qualified to do business in New
York State, Tenant shall designate in writing an agent in New York County for service of process under the laws of the State of New York. Tenant, by notice to Landlord, shall have the right to change such agent, provided that at all times there
shall be an agent in New York County for service. In the event of any revocation by Tenant of such agency, such revocation shall be void and have no force and effect unless and until a new agent has been designated for service and Landlord notified
to such effect. If any such agency designation shall require a filing in the office of the Clerk of the County of New York, same shall be promptly accomplished by Tenant, at its expense, and a certified copy transmitted to Landlord. 

  
 29. 

	59.	 HAZARDOUS MATERIALS  

Tenant shall not cause or permit any Hazardous Materials (hereinafter defined) to be used, stored, transported, released, handled, produced or
installed in, on or from the Premises or the Building “Hazardous Materials,” as used herein, shall mean any flammables, explosives, radioactive materials, hazardous wastes, hazardous and toxic substances or related materials, asbestos or
any material containing asbestos, or any other substance or material as defined by any federal, state or local environmental law, ordinance, rule or regulation, including, without limitation, the Comprehensive Environmental Response Compensation and
Liability Act of 1980, as amended, the Hazardous Materials Transportation Act, as amended, the Resource Conservation and Recovery Act, as amended, and in the regulations adopted and publications promulgated pursuant to each of the foregoing. 

 

	60.	 INTENTIONALLY DELETED. 

 

	61.	 NOTICES 

Any notice or demand which, under the terms of this Lease or under any statute, must or may be given or made by the parties hereto, shall be in
writing, and shall be given or made by mailing the same by certified mail, return receipt requested, by a nationally recognized overnight courier service, or by personal delivery, addressed to the parties at their respective addresses hereinabove
mentioned, with a copy of any notice to Landlord to be delivered simultaneously in the same manner to Landlord’s attorneys, Gerstein Strauss & Rinaldi LLP, 57 West 38th Street, 9th
floor, New York, New York 10018, Attention: Jonathan Henry Gerstein, Esq. and with a copy of any notice to Tenant to be delivered simultaneously in the same manner to Tenant’s attorneys, Breslow & Walker, LLP, 100 Jericho Quadrangle,
Suite 230, Jericho, New York 11753, Attn: Sheldon Greenblatt, Esq. Either party, however, may designate in writing such new or other address to which such notice or demand shall thereafter be so given, made or mailed. Any notice given hereunder
shall be deemed delivered on the third (3rd) day after the notice is deposited in a United States General branch post office, maintained by the United States Government in the City of New York, enclosed in a certified, prepaid wrapper addressed as
hereinbefore provided, or on the next business day after delivery to a nationally recognized overnight courier service, or, if sent by hand, on the date the same is actually delivered. 

 

	62.	 ADDENDUM TO ARTICLE 16- BANKRUPTCY 

62.1 If Tenant assumes this Lease and proposes to assign the same pursuant to the provisions of the Bankruptcy Code, 11 U.S.C. 101 et
seq. (the “Bankruptcy Code”) to any person or entity who shall have made a bona fide offer to accept an assignment of this Lease on terms acceptable to Tenant, then notice of such proposed assignment, setting forth (i) the name
and address of such person, (ii) all of the terms and conditions of such offer, and (iii) the adequate assurance to be provided Landlord to assure such person’s future performance under the Lease, including, without limitation, the
assurance referred to in Section 365(b)(3) of the Bankruptcy Code, shall be given to Landlord by Tenant not later than twenty (20) days after receipt by Tenant, but in no event later than ten (10) days prior to the date that Tenant
shall make application to a court of competent jurisdiction for authority and approval to enter into such assignment and assumption, and Landlord shall thereupon have the prior right and option, to be exercised by notice to Tenant given at any time
prior to the effective date of such proposed assignment, to accept an assignment of this Lease upon the same terms and conditions and for the same consideration, if any, as the bona fide offer made by such person, less any brokerage commissions
which may be paid by such person for the assignment of this Lease. 

  
 30. 

 62.2 Any person or entity to which this Lease is assigned pursuant to the provisions of the
Bankruptcy Code shall be deemed without further act or deed to have assumed all of the obligations arising under this Lease on and after the date of such assignment. Any such assignee shall, upon demand, execute and deliver to Landlord an instrument
confirming such assumption. 
 62.3 Nothing contained in this Article shall, in any way, constitute a waiver of the provisions of this Lease
relating to assignment. Tenant shall not, by virtue of this Article, have any further rights relating to assignment other than those granted in the Bankruptcy Code. 

62.4 Notwithstanding anything in this Lease to the contrary, all amounts payable by Tenant to or on behalf of Landlord under this Lease,
whether or not expressly denominated as rent, shall constitute rent for the purposes of Section 502(b)(7) of the Bankruptcy Code. 

62.5 The term “Tenant,” as used in this Article, includes any trustee, debtor in possession, receiver, custodian or other similar
officer. 
  

	63.	 RENT CONTROL 

In the event the Fixed Rental or Additional Rental or any part thereof provided to be paid by Tenant under the provisions of this Lease during
the demised term shall become uncollectible or shall be reduced or required to be reduced or refunded by virtue of any federal, state, county or city law, order or regulation, or by any direction of a public officer or body pursuant to law, or the
orders, rules, code or regulations of any organization or entity formed pursuant to law, whether such organization or entity be public or private, then Landlord, at its option, may at any time thereafter terminate this Lease by not less than thirty
(30) days’ written notice to Tenant, on a date set forth in said notice, in which event this Lease and the term hereof shall terminate and come to an end on the date fixed in said notice as if the said date were the Expiration Date.
Landlord shall not have the right to so terminate this Lease if Tenant, within such period of thirty (30) days, shall, in writing, lawfully agree that the rentals herein reserved are a reasonable rental and agrees to continue to pay said
rentals, and if such agreement by Tenant shall then be legally enforceable by Landlord. 
  

	64.	 REPAIRS  

64.1 Notwithstanding anything contained in Articles 3, 4, 6 or elsewhere in this Lease, all repairs and other work which Tenant is required to
perform under any provision of this Lease may be performed by Landlord at Tenant’s cost, provided, however, that Tenant shall have ten (10) days’ notice prior to Landlord’s undertaking of any
non-emergency repair which Landlord intends to undertake. Tenant shall be permitted to perform such non-emergency repair if it diligently pursues the undertaking thereof
within such ten (10) day period. Tenant shall pay the cost of such repairs and other work, as Additional Rental, within fifteen (15) days after rendition of a statement therefor by Landlord. 

  
 31. 

 64.2 In addition to Tenant’s obligations under Article 4, Tenant, at its sole cost and
expense, shall take good care of the Premises and all improvements, and air conditioning and heating equipment, building systems used by Tenant within the Premises, fire and safety systems within the Premises, and personal property located therein
or throughout the Building, including, without limitation, all furniture, fixtures, machinery, equipment and all other personal property and stock purchased by Tenant or used in connection with the operation of its business at the Premises (all of
the foregoing being hereinafter collectively referred to as “Tenant’s Property”), and Tenant shall make all necessary repairs to the Premises and/or Tenant’s Property in accordance with the provisions contained herein, whether
ordinary, extraordinary, foreseen, or unforeseen, provided, however, that Tenant shall not be obligated to make any repairs to the extent that the same is necessitated by the misuse and/or wrongful acts of Landlord, its agents, employees or
contractors. Nevertheless, any damage to the Building (including, without limitation, the Premises, the Building and/or the roof), interior and exterior, structural or non structural arising from or caused by the misuse and/or wrongful acts of
Tenant (or its licensees, subtenants, agents, servants, employees, invitees or contractors) shall be the liability of Tenant. Landlord shall be responsible for maintaining, repairing and when necessary, replacing all Building systems that affect the
Premises unless such maintenance, repair and/or replacement is/are necessitated by Tenant’s (or its licensees, subtenants, agents, servants, employees, invitees or contractors) misuse and/or wrongful acts. Landlord shall also be responsible for
making structural repairs to the Building (including the Premises) to the extent that (i) Landlord’s failure to make said repairs would affect the Premises, and (ii) said repairs are not necessitated by Tenant’s (or its
licensees, subtenants, agents, servants, employees, invitees or contractors) misuse and/or wrongful acts. 
 64.3 Landlord shall provide air
conditioning to the Premises via the Building air conditioning system (“A/C System”). Such air conditioning shall be provided during the cooling season on Business Days (as defined below) during standard Building cooling hours (8 am –
6 pm). Landlord shall be responsible for maintaining, repairing and when necessary, replacing the A/C System (but not any supplemental system installed by Tenant in the Premises) unless such maintenance, repair and/or replacement is necessitated by
Tenant’s (or Tenant’s licensees, subtenants, agents, servants, employees, invitees or contractors) misuse and/or wrongful acts. Landlord will not be required to furnish any other services, except as otherwise provided in this Lease. 

64.4 When used in this Article, the term “repairs” shall include replacements and substitutions of all property when necessary, of a
quality, class and value at least equal to the property replaced or substituted. 
 64.5 Anything contained in this Lease to the contrary
notwithstanding, Landlord acknowledges that it shall be Landlord’s responsibility to clean, maintain, repair and replace (subject to applicable legal requirements) the windows and window frames in the Premises, and to clean and maintain any and
all interior bathrooms within the Premises at Landlord’s sole cost and expense unless any of the requirements of this Section 64.5 are caused by Tenant’s (or Tenant’s licensees, subtenants, agents, servants; employees, invitees
or contractors) misuse and/or wrongful acts in which case same shall be performed by Tenant at Tenant’s sole cost and expense. 

  
 32. 

 64.6 Landlord acknowledges that it shall be Landlord’s responsibility to repair any
leaks in the bathrooms or emanating through the windows or walls in the Premises or from the pipes servicing the Premises, except if the same are caused by Tenant’s (or Tenant’s licensees, subtenants, agents, servants, employees, invitees
or contractors) misuse and/or wrongful acts in which case same shall be performed by Tenant at Tenant’s sole cost and expense. 
  

	65.	 PHONE/INTERNET PROVIDERS. 

65.1 Tenant hereby acknowledges that as of the date hereof, the following four (4) companies currently provide internet and/or telephone
service to various tenants within the Building: Verizon, Cogent, Time Warner, and Everest. Should Tenant desire to contract with an additional telephone and/or internet provider, Landlord will (after receipt of Tenant’s written notification of
such desire) use reasonable efforts to permit such company to install fibre in the Building so that Tenant may have the benefit of services from such provider provided and only condition that (i) Landlord incurs no costs whatsoever in
connection therewith, (ii) Tenant is solely responsible for any costs in connection therewith, (iii) Tenant’s indemnification in Article 50 of this Lease shall apply and extend to any claims, suits, actions, damages, fines, charges,
penalties, losses, liens, fees, costs, court costs, expenses (including, but not limited to, all reasonable fees and disbursements of attorneys, architects, engineers and other professionals engaged by one or more Indemnitees) and liabilities which
may be incurred by or imposed on any Indemnitee as a result of this Section 65.1, (iv) no other Building tenant, Building occupant, or provider shall be disturbed or interfered with in any way as a result of such new provider or Tenant’s
use of such new provider’s services, and (v) Tenant shall reimburse Landlord on demand for the reasonable costs (including without limitation reasonable legal fees) incurred by Landlord in connection with any such company installing fibre
in the Building (including, without limitation, in connection with any license or other agreement with such provider that may be required) so that Tenant may have the benefit of services from such provider (which reimbursement shall not be
refundable under any circumstance, including, without limitation, such provider actually entering into such license or other agreement and/or installing fibre in the Building and/or providing services to Tenant). 

 

	66.	 LANDLORD’S SERVICES  

66.1 Landlord shall furnish Tenant with the following services: 

66.1.1 Non-exclusive passenger and freight elevator service during regular hours (that is, between the
hours of 8:00 a.m. and 5:00 p.m. [“Regular Hours”]) of business days (which term is used to mean all days except Saturdays, Sundays, those days that are observed by the State or Federal governments as legal holidays, and those days
designated as holidays by the applicable building service union employees’ contract) through the year (“Business Days”). There shall be no use of the freight elevator by Tenant for construction deliveries. Tenant may use the freight
elevator (on a non-exclusive basis and, except as expressly hereafter set forth, only during Regular Hours of Business Days) (x) for Tenant’s move-in to the
demised premises, and (y) for Tenant’s move-out from the demised premises provided that in the case of both of subsections (x) and (y), Tenant has scheduled such use with the Building manager.
Tenant shall also have the right, at no cost to Tenant, to use the Building freight elevator (on a non-exclusive basis) outside of Regular Hours of Business Days for Tenant’s move-in to the Premises and Tenant’s move-out from the Premises subject however, to all of the following: (i) Tenant not then being in monetary default or material
non monetary default under this Lease beyond the expiration of any applicable notice, 

  
 33. 

 
grace and cure periods, (ii) Tenant having provided Landlord with at least seventy-two (72) hours’ prior written notice specifying the hours
during which Tenant requests overtime freight elevator use, (iii) such hours (a) being in blocks of not less than four (4) hours per block, and (b) not exceeding eight (8) hours in the aggregate, and (iv) other
conditions reasonably beyond Landlord’s control which prevent the freight elevator from being available at such times. Subject to force majeure there shall be at least one passenger elevator available for use 24 hours a day, seven days a week,
365(6) days a year. 
 66.1.2 Furnish heat to the Premises during Regular Hours of Business Days as required by law. Landlord shall have no
responsibility or liability for the ventilating conditions and/or temperature of the Premises during the hours or days Landlord is not required to furnish heat pursuant to the first sentence of this Section 66.1.2. Landlord shall
(a) furnish heat to the Premises outside of Regular Hours of Business Days as required by law, and (b) provide air conditioning to the Premises via the A/C System during the Building cooling season but outside of standard Building cooling
hours of Business Days provided and on condition that (in the case of subsection (a) or (b) of this Section 66.1.2): (i) Tenant has provided Landlord with a written request for such heat or air conditioning at least forty-eight
(48) hours’ in advance (“After Hours Request”), (ii) Tenant specifies in the After Hours Request the number of hours that Tenant will require such heat or air conditioning, and (iii) Tenant pays for such air conditioning or
heat at the rate of $750.00 per hour or Tenant’s pro-rata share thereof if other tenants of the Building request overtime air conditioning or heating during the same time (“After Hours Payment)
(which After Hours Payment shall be deemed Additional Rental and shall be due and payable at the time of the After Hours Request). 
 66.1.3
Furnish hot and cold water for lavatory and office cleaning purposes. If Tenant requires, uses or consumes water for any other purposes, Tenant agrees to Landlord installing a meter or meters or other means to measure Tenant’s water
consumption, and Tenant further agrees to reimburse Landlord for the cost of the meter or meters and the installation thereof, and to pay for the maintenance of said meter equipment and/or to pay Landlord’s cost of other means of measuring such
water consumption by Tenant. Tenant shall reimburse Landlord on demand for the cost of all water consumed, as measured by said meter or meters or as otherwise measured, including sewer rents. 

66.2 Landlord shall clean and maintain the Premises using either Landlord’s employees or a cleaning company contracted for and paid for by
Landlord and chosen by Landlord in Landlord’s sole discretion. All waste and garbage shall be removed from the Premises to the outside of the Building by Landlord’s employees or by a private sanitation company independently contracted for
and paid for by Landlord and chosen by Landlord in Landlord’s sole discretion. Tenant shall not store any garbage, cartons or inventory outside of the Premises. Tenant covenants and agrees, at its sole cost and expense, to comply with all
present and future laws, orders and regulations of all state, federal, municipal and local governmental, departments, commissions and boards regarding the collection, sorting, separation and recycling of waste products, garbage, refuse and trash.
Tenant shall sort and separate such waste products, garbage, refuse and trash into such categories as provided by law. Notwithstanding the foregoing, provided and on condition that Landlord’s contractor’s rates are competitive and
reasonable, Tenant agrees to employ (at Tenant’s sole cost and expense) Landlord’s contractor, as Landlord may from time to time designate, for any waxing, polishing and other cleaning or other maintenance work in or to the Premises and of

  
 34. 

 
Tenant’s furniture, fixtures and equipment in excess of the standard office cleaning services provided by Landlord (“Above Standard Cleaning Services”). Tenant agrees that the
moneys payable by Tenant to Landlord for Above Standard Cleaning Services shall be deemed to be Additional Rental for the purposes of this Lease and shall be payable by Tenant within fifteen (15) days after a bill therefor is rendered by
Landlord. Tenant agrees that it shall not employ any cleaning and maintenance contractor nor any individual firm or organization for such purpose without Landlord’s prior written consent. 

66.3 Intentionally deleted. 
 66.4
Landlord reserves the right, without any liability to Tenant to stop operating any of the heating, ventilating, electric, sanitary, elevator, or other Building systems serving the Premises, and to stop the rendition of any of the other services
required of Landlord under this Lease, whenever and for so long as may be necessary by reason of accidents, emergencies, strikes, or the making of repairs or changes that Landlord is required by this Lease or by law to make or in good faith deems
necessary, or by reason of difficulty in securing proper supplies of fuel, steam, water, electricity, labor, or supplies, or by reason of any other cause beyond Landlord’s reasonable control. Notwithstanding the foregoing except in the event of
an emergency, Landlord shall make reasonable efforts (to the extent within Landlord’s reasonable control) (i) to (in the case of stoppages that are likely to last more than one (1 ) Business Day) give Tenant reasonable advance notice of
such stoppage either via the Building’s public address system, or via e-mail to info@olo.com, and (ii) to minimize any interruption to Tenant’s business, and (iii) to pursue the
reasonable steps to re-commence providing services, provided that in the case of (i), (ii) and (iii), (a) no such efforts shall require Landlord to perform work on an overtime basis or to otherwise perform
work in a manner that will increase the cost thereof to Landlord, and (b) Landlord shall have no liability for Landlord’s failure to make any such efforts, and (c) no failure to make any such efforts shall in any way affect
Tenant’s obligations under this Lease. For the sake of certainty, this Section 66.4 does not pertain to an Interruption as a consequence of Landlord’s failure due to its default under this Lease in providing electricity, heating in
the heating season, air conditioning during Building cooling hours of Business Days during the Building cooling season, lavatory facilities, or elevator service to the Premises. In the event of any such Interruption, Tenant may receive an abatement
of Fixed Rental and recurring Additional Rental to the extent permitted by Section 66.6 if all of the other conditions predicate thereto in Section 66.6 of this Lease are also satisfied. 

66.5 Subject to applicable law and force majeure, Landlord shall provide Tenant with access to the demised premises 24 hours a day, seven days
a week, 365(6) days a year. 
 66.6 Notwithstanding anything to the contrary contained in this Lease, Landlord agrees that if during the term
hereof, Tenant shall be materially interrupted in its ability to conduct its business in the Premises in a manner substantially comparable to the manner in which Tenant conducted such business therein immediately preceding such interruption (an
“Interruption”) not as a consequence of force majeure but rather as a consequence of Landlord’s default under this Lease with respect to any express obligation of Landlord under this Lease to provide electricity, heating in the
heating season, air conditioning during Building cooling hours of Business Days during the Building cooling season, lavatory facilities, or elevator service to the Premises, and provided (x) Tenant notifies Landlord in writing of such
Interruption (“Interruption Notice”), (y) 

  
 35. 

 
Tenant ceases operating its business in the entire Premises and does not operate its business in any portion of the Premises at any time during the thirty (30) day period described below
(provided, however, that Tenant may at any time enter the Premises solely for the purpose of collecting work and Tenant’s belongings without same constituting Tenant operating its business for purposes of this Section 66.6); and
(z) the need for the repair, replacement and improvement was not required, in whole or in part, as the result of the acts or omissions of, or breach of this Lease by, Tenant or any other persons occupying any portion of the Premises by, through
or under Tenant, or any of its or their employees, servants, agents, contractors or invitees, then, if the Interruption shall continue for thirty (30) or more consecutive days after Landlord’s receipt of the Interruption Notice, the Fixed
Rental, and recurring Additional Rental, payable by Tenant hereunder, shall abate from the day immediately following the expiration of such thirty (30) day period, to the day which is the first to occur of (A) the date Landlord gives
notice to Tenant of the cessation of the Interruption (provided such Interruption has actually ceased), or (B) when Tenant or any other persons occupying any portion of the Premises by, through or under Tenant, or any of its or their employees,
servants, agents, contractors or invitees occupies the Premises, or any part thereof, for business. For purposes of this paragraph: (a) elevator service shall be deemed provided if at least one elevator (passenger or freight) is provided,
(b) lavatory facilities shall be deemed provided if lavatory facilities are offered to Tenant within three (3) floors of the Premises provided at least one (1) passenger elevator is working, (c) heating shall be deemed provided
if Landlord provides heating by using supplemental or temporary or portable units, and (d) air conditioning shall be deemed provided if Landlord provides air conditioning by using supplemental or temporary or portable units. The foregoing
provisions shall not apply in the event the Premises are damaged in whole or in part as a result of fire or other casualty, and in such event the provisions of Article 9 of this Lease shall govern. 

 

	67.	 TENANT’S ALTERATIONS 

67.1 Tenant may, without the consent of Landlord, from time to time during the term of this Lease and at Tenant’s sole expense, make such
alterations, additions, installations, substitutions, improvements and decorations (hereinafter collectively called changes and, as applied to changes provided for in this Article, Tenant’s Changes) in and to the Premises, the estimated cost of
which does not exceed $30,000.00 (exclusive of the costs of decorating work, carpeting and of any architect’s and engineer’s fees), as Tenant may reasonably consider necessary for the conduct of its business therein, on the following
conditions: 
 67.1.1 the outside appearance or strength of the Building, or of any of its structural parts, shall not be affected; 

67.1.2 no part of the Building outside of the Premises shall be physically affected; 

67.1.3 the proper functioning of any of the mechanical, electrical, sanitary and other service systems of the Building and/or the Premises
shall not be adversely affected, and the usage of such systems by Tenant shall not be increased; 

  
 36. 

 67.1.4 before proceeding with any change either costing in excess of $30,000.00 (exclusive
of the costs of decorating work, carpeting and of any architect’s, attorney’s and engineer’s fees), or involving any change to the mechanical, electrical, sanitary, HVAC and/or other service systems, irrespective of cost, Tenant shall
submit to Landlord, for Landlord’s prior approval, plans and specifications for the work to be done, drawn by a registered architect or duly licensed engineer. Provided and on condition that such change does not involve any change to the
mechanical, electrical, sanitary, HVAC and/or other service systems and satisfies Sections 67.1.1, 67.1.2, and 67.1.3 (and therefore requires Landlord’s approval of plans and specifications only because of its cost), and further provided that
Tenant satisfies the other requirements of this Article 67, Landlord’s approval of such plans and specifications shall not be unreasonably withheld, conditioned or delayed. Without limiting the generality of the foregoing, Tenant shall cause to
be prepared all drawings, plans and specifications, and all other reports, applications and materials, required by the Department of Buildings of the City of New York, the New York City Landmarks Preservation Commission (the “Landmarks
Commission”), the Department of Labor and any other governmental authorities having jurisdiction with respect to Tenant’s Changes and any permits and special licenses which may be required for or in connection with Tenant’s Changes or
the permitted use. Any and all filings of such drawings, plans, specifications, reports, applications and other materials with the Department of Buildings of the City of New York, the Department of Labor and any other governmental authorities having
jurisdiction shall be made solely by Tenant at Tenant’s sole cost and expense. Landlord shall reasonably cooperate with Tenant in connection with the execution and delivery of documents necessary to obtain work permits. Nothing herein shall be
deemed to, or operate to create any liability or other obligation on the part of Landlord in the event that any such filings shall not be approved by the Department of Buildings of the City of New York or any other governmental authority having
jurisdiction, unless caused by Landlord’s failure to reasonably cooperate with Tenant’s requests. 
 67.2 Before commencing any
work estimated by Landlord to cost in excess of $100,000 to complete, Tenant shall furnish to Landlord such bonds for payment and completion or such other security for completion thereof and payment therefor as Landlord shall require and in such
form as is satisfactory to Landlord and in an amount which will be one hundred and ten percent (110%) of Landlord’s estimate of the cost of performing such work. 

67.3 Prior to the commencement of any work to the Premises, Tenant shall obtain from its contractor and all subcontractors performing work or
delivering material to the Premises, and deliver to Landlord, written acknowledgements that (a) the work is being performed only at the request of Tenant, and not at Landlord’s request, and (b) Landlord is not deriving any benefit
from the performance or completion of the work, and (c) that Landlord is not responsible for the payment for the work being performed. 

67.4 Tenant shall, at its expense, obtain all necessary governmental licenses, permits and certificates for the commencement and prosecution of
Tenant’s Changes, and, upon completion, obtain all necessary signoffs and certificates of acceptance and completion which may be required from such governmental authorities, and Tenant shall cause Tenant’s Changes to be performed in
compliance with such licenses, permits and certificates, as well as with all applicable laws, codes, ordinances, regulations and requirements of public authorities (including, without limitation, the Landmarks Commission) and all applicable
standards and requirements of insurance bodies, the New York Board of Fire Underwriters, the National Electric Code, the Occupational Safety and Health Administration, the American Society of Heating, Refrigeration and Air Conditioning Engineers,
I.S.O., and any similar or successor bodies thereto, in a good and workmanlike manner, using new materials and equipment of a quality and class at least equal to the original installations 

  
 37. 

 
in the Premises. Tenant’s Changes shall be performed during the hours of 8:00 a.m. to 6:00 p.m. on days other than Saturdays, Sundays and holidays in such a manner as not to interfere with
the operation of the Building and (unless Tenant shall indemnify Landlord therefor to the latter’ s reasonable satisfaction), so as not to impose any additional expense upon Landlord in the maintenance or operation of the Premises, and so as
not to interfere with the safety, use, occupancy, comfort or quiet enjoyment of any other tenant or occupant of the Building. Any work which shall interfere with the safety, use, occupancy, comfort or quiet enjoyment of any other tenant or occupant
shall be performed at Tenant’s expense, and upon coordination with the Building manager. If Landlord incurs any costs or expenses in connection with the performance of Tenant’s Changes, Tenant shall reimburse Landlord for the actual costs
and expenses incurred by Landlord. Throughout the performance of Tenant’s Changes, Tenant shall, at its expense, carry, or cause to be carried, builder’s risk insurance, insuring against loss from fire, vandalism or other risks as are
customarily covered by a broad-form extended coverage endorsement on a completed value basis for the full insurable value at all times, workers’ compensation insurance in statutory limits, and general liability insurance for any occurrence in
or about the Building, all as set forth in, and written by insurance companies described in, Article 51 hereof. All such insurance policies (other than the workers’ compensation) shall name Landlord and its agents as additional parties insured,
and shall be in such limits as Landlord may reasonably prescribe and be placed with insurers reasonably satisfactory to Landlord. Tenant shall furnish Landlord with satisfactory evidence that such insurance is in effect at or before the commencement
of Tenant’s Changes and, on request, at reasonable intervals thereafter during the continuance of Tenant’s Changes. Tenant shall not cause damage to the Building, building systems or any personal property of Landlord or any other tenant or
occupant of the Building, and in the event of any such damage will promptly repair any such damage to Landlord’s satisfaction. If any of Tenant’s Changes shall involve the removal of any fixtures, equipment, or other property in the
Premises that are not Tenant’s property, such fixtures, equipment, or other property shall be, upon Landlord’s request, stored and preserved, and returned to Landlord upon the expiration or sooner termination of this lease. All electrical
and plumbing work in connection with Tenant’s Changes shall be performed by contractors or subcontractors licensed therefor by all governmental agencies having or asserting jurisdiction and reasonably satisfactory to Landlord. 

67.5 Tenant shall pay to Landlord or its designee, within fifteen (15) days after demand, all reasonable out-of-pocket costs and expenses actually incurred by Landlord in connection with Tenant’s Changes, including the costs incurred in connection with Landlord’s review of the Tenant’s Changes
(including review of requests for approval thereof). 
 67.6 Tenant, at its sole cost and expense, shall: (i) furnish evidence
satisfactory to Landlord that all of Tenant’s Changes have been completed and paid for in full and that any and all liens therefor that have been or might be filed have been discharged of record (by payment, bond, order of a court of competent
jurisdiction, or otherwise) or waived, and that no security interests relating thereto are outstanding; (ii) pay Landlord for the cost of any Tenant’s Changes done for Tenant by Landlord, and all other charges due hereunder; (iii) to
the extent not previously provided, furnish to Landlord the insurance and certificates required by this Lease; and (iv) if an architect has been used, furnish an affidavit in the form recommended by the American Institute of Architects from
Tenant’s registered architect certifying that all work performed in the Premises is substantially in accordance with the plans and specifications. 

  
 38. 

 67.7 Tenant shall, at its expense and with diligence and dispatch, procure the cancellation
or discharge of all notices of violation arising from, or otherwise connected with, Tenant’s Changes that shall be issued by the Department of Buildings of the City of New York, the Landmarks Commission, or any other public or quasi-public
authority having or asserting jurisdiction. Tenant shall defend, indemnify and save Landlord harmless from and against any and all notices of violation and mechanic’s and other liens filed in connection with Tenant’s Changes, 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, and against all costs, expenses and liabilities incurred in connection
with any such lien, security interest, conditional sale, or chattel mortgage or any action or proceeding brought thereon. Tenant, at its expense, shall procure the satisfaction or discharge of, by bonding, payment or otherwise, all such liens within
thirty (30) days after Landlord makes written demand therefor. Notice is hereby given that neither Landlord, Landlord’s agents, nor any mortgagee shall be liable for any labor or materials furnished or to be furnished to Tenant upon
credit, and that no mechanic’s or other lien for such labor or materials shall attach to or affect any estate or interest of Landlord, or any mortgagee in and to the Premises or the Building. 

67.8 Tenant agrees that the exercise of its rights pursuant to the provisions of this Article shall not be done in a manner that would, in the
reasonable judgment of Landlord: (a) create any work stoppage, picketing, labor disruption, or dispute; or (b) violate the Building’s union contracts affecting the Land and/or Building or Landlord’s union and/or service
contracts, if any, affecting the Premises. In the event of the occurrence of any condition described above arising from Tenant’s exercise of any of its rights pursuant to the provisions of this Section 67.8, Tenant shall, immediately upon
notice from Landlord, cease the manner of exercise of such right giving rise to such condition. In the event that Tenant fails to cease such manner of exercise of its rights as aforesaid, Landlord, in addition to any rights available to it under
this Lease and pursuant to law, shall have the right to seek an injunction. 
 67.9 Any approval or consent by Landlord shall in no way
obligate Landlord in any manner whatsoever in respect to the finished product designed and/or constructed by Tenant, nor be deemed a representation or warranty of Landlord as to the adequacy or sufficiency of any matter approved or consented to for
Tenant’s purposes or otherwise. Any deficiency in design or construction, although approved by Landlord, shall be solely the responsibility of Tenant. 

67.10 Landlord shall have the right to inspect Tenant’s work at any time to verify compliance by Tenant with the provisions of this
Article. Landlord shall endeavor to provide Tenant with advance oral or written notice of Landlord’s desire to inspect Tenant’s work but Landlord shall have no liability and this Lease and Tenant’s obligations hereunder shall not in
any way be affected if Landlord fails to provide such notice. 
 67.11 All work performed or installations made by Tenant (or by Landlord at
Tenant’s request and expense) in and to the demised premises shall be in compliance with the requirements of Local Law 5 of 1973 of the City of New York, as heretofore and hereafter amended (“Local Law 5”). The foregoing shall
include, without limitation, (i) compliance with the compartmentalization requirements of Local Law 5, (ii) relocation of existing fire detection devices, alarm signals and/or communication devices necessitated by the alteration of the demised
premises, and (iii) installation of such additional fire control or detection devices as may be 

  
 39. 

 
required by applicable governmental or quasi-governmental rules, regulations or requirements (including, without limitation, any requirements of the New York Board of Fire Underwriters) as a
result of Tenant’s manner of use of the demised premises. The design of such installations shall be at Tenant’s discretion so long as the results comply with Local Law 5. All Local Law 5 work and installations required to be undertaken by
Tenant shall be performed at Tenant’s sole cost and expense and in accordance with plans and specifications and by contractors reasonably approved by Landlord. 

67.12 For Tenant’s Changes, provided that Landlord’s expeditor’s fees are reasonable and competitive, Tenant must use
Landlord’s expediter, at Tenant’s expense, for all filings and for the obtaining of all permits. 
  

	68.	 SUBORDINATION AND ATTORNMENT 

68.1 This Lease and all rights of Tenant hereunder are, and shall be, subject and subordinate to: (i) all present and future ground
leases, operating leases, superior leases, underlying leases and grants of term of the land on which the Building stands (“Land”) and the Building or any portion thereof (collectively, including the applicable items set forth in
subdivision (iv) below, the “Superior Lease”); (ii) all mortgages and building loan agreements, including leasehold mortgages and spreader and consolidation agreements, which may now or hereafter affect the Land, the Building or the
Superior Lease (collectively, including the applicable items set forth in subdivisions (iii) and (iv) below, the “Superior Mortgage”) whether or not the Superior Mortgage shall also cover other lands or buildings or leases, except
that a mortgage on the Land only shall not be a Superior Mortgage so long as there is in effect a Superior Lease which is not subordinate to such mortgage; (iii) each advance made or to be made under the Superior Mortgage; and (iv) all
amendments, modifications, supplements, renewals, substitutions, refinancings and extensions’ of the Superior Lease and the Superior Mortgage and all spreaders and consolidations of the Superior Mortgage. The provisions of this Article shall be
self-operative and no further instrument of subordination shall be required. Tenant shall promptly (but no later than fifteen (15) days after any written request therefore) execute and deliver, at its own expense, any instrument, in recordable
form, if requested, that Landlord, the Superior Lessor or the Superior Mortgagee may reasonably request at any time and from time to time to evidence such subordination. The Superior Mortgagee may elect that this Lease shall be deemed to have
priority over such Superior Mortgage, whether this Lease is dated prior to, or subsequent to, the date of such Superior Mortgage. If, in connection with obtaining, continuing or renewing of financing for which the Building, Land or the interest of
the lessee under the Superior Lease represents collateral, in whole or in part, the Superior Mortgagee shall request reasonable modifications of this Lease as a condition of such financing, Tenant will not unreasonably withhold its consent thereto,
provided that such modifications do not materially and adversely increase the obligations of Tenant hereunder, diminish the rights of Tenant hereunder, or cause any change in (i) Tenant’s financial obligations (including, without
limitation Fixed Rental or Additional Rental) hereunder, (ii) Building services, (iii) the size of the Premises, (iv) the permitted use of the Premises, (v) any assignment or sublet rights, (vi) the Credit,
(vii) Tenant’s Proportionate Share, (viii) Landlord’s Work, or (ix) the term of this Lease. 

  
 40. 

 68.2 Landlord hereby notifies Tenant that this Lease may not be cancelled or surrendered, or
modified or amended so as to reduce the Fixed Rental or Additional Rental, shorten the term or adversely affect in any other respect, to any material extent, the rights of Landlord hereunder, and that Landlord may not accept prepayments of any
installments of Fixed Rental or Additional Rental except for prepayments in the nature of security for the performance of Tenant’s obligations hereunder, the first monthly installment of Fixed Rental, the Tax Payment if required to be prepaid
as per Article 44 of this Lease, and the Money For Landlord’s Work, without the consent of any Superior Lessor or Superior Mortgagee in each instance, except that said consent shall not be required for the prosecution of any action or
proceedings against Tenant by reason of a default on the part of Tenant under the terms of this Lease. 
 68.3 If, at any time prior to the
termination of this Lease, any Superior Lessor or Superior Mortgagee or any other person or the successors or assigns of the foregoing (collectively referred to as “Successor Landlord”) shall succeed to the rights of Landlord under this
Lease, Tenant agrees, at the election and upon request of any such Successor Landlord, to fully and completely attorn to and recognize any such Successor Landlord, as Tenant’s Landlord under this Lease upon the then executory terms of this
Lease, provided such Successor Landlord shall agree in writing to accept Tenant’s attornment. The foregoing provisions of this subparagraph shall inure to the benefit of any such Successor Landlord, shall apply notwithstanding that, as a matter
of law, this Lease may terminate upon the termination of the Superior Lease, shall be self-operative upon any such demand, and no further instrument shall be required to give effect to said provisions. Upon the request of any such Successor
Landlord, Tenant shall execute and deliver, from time to time, instruments satisfactory to any such Successor Landlord in recordable form, if requested, to evidence and confirm the foregoing provisions of this subparagraph, acknowledging such
attornment and setting forth the terms and conditions of its tenancy. Upon such attornment this Lease shall continue in full force and effect as a direct lease between such Successor Landlord and Tenant upon all of the then executory terms of this
Lease except that such Successor Landlord shall not be: (i) liable for any previous act or omission or negligence of Landlord under this Lease; (ii) subject to any counterclaim, defense or offset, not expressly provided for in this Lease
and asserted with reasonable promptness, which theretofore shall have accrued to Tenant against Landlord; (iii) bound by any previous modification or amendment of this Lease made after the granting of such senior interest, or by any previous
prepayment of more than one month’s Fixed Rental or Additional Rental, unless such modification or prepayment shall have been approved in writing by any Superior Lessor or Superior Mortgagee through or by reason of which the Successor Landlord
shall have succeeded to the rights of Landlord under this Lease; (iv) obligated to repair the Premises or the Building or any part thereof, in the event of total or substantial damage beyond such repair as can reasonably be completed with the
net proceeds of insurance actually made available to Successor Landlord, provided all insurance to be maintained by the Landlord hereunder is thus maintained; or (v) obligated to repair the Premises or the Building or any part thereof, in the
event of partial condemnation beyond such repair as can reasonably be completed with the net proceeds of any award actually made available to Successor Landlord, or consequential damages allocable to the part of the Premises or the Building not
taken. Nothing contained in this subparagraph shall be construed to impair any right otherwise exercisable by any such Successor Landlord. 

68.4 If any act or omission by Landlord would give Tenant the right, immediately or after lapse of time, to cancel or terminate this Lease or
to claim a partial or total eviction, Tenant will not exercise any such right until (i) it has given written notice of such act or omission to each Superior Mortgagee and each Superior Lessor, whose name and address shall have previously been
furnished to Tenant, by delivering notice of such act of omission addressed to each such party at 

  
 41. 

 
its last address so furnished, and (ii) a ten (10) day period for remedying such act or omission shall have elapsed following such giving of notice and following the time when such
Superior Mortgagee or Superior Lessor shall have become entitled under such Superior Lease or Superior Mortgage, as the case may be, to remedy the same (which shall in no event be less than the period to which Landlord would be entitled under this
Lease to effect such remedy) provided such Superior Mortgagee or Superior Lessor shall, with reasonable diligence, give Tenant notice of its intention to remedy such act or omission and shall commence and continue to act upon such intention. 

 

	69.	 MISCELLANEOUS  

69.1 Tenant hereby agrees to pay, as Additional Rental, all attorneys’ fees and disbursements (and all other court costs or expenses of
legal proceedings) which Landlord may incur or pay out by reason of, or in connection with: 
 69.1.1 Any action or proceeding by Landlord to
terminate this Lease for a default by Tenant beyond the expiration of any applicable notice and cure periods; 
 69.1.2 Any other action or
proceeding by Landlord against Tenant (including, but not limited to, any arbitration proceeding) in which Landlord substantially obtains in such action or proceeding or by settlement thereof the relief sought by Landlord in bringing such action or
proceeding; 
 69.1.3 Any action or proceeding brought by Tenant against Landlord (or any officer, partner or employee of Landlord) in which
Tenant fails to secure a final unappealable judgment against Landlord; and 
 69.1.4 Any other appearance by Landlord (or any officer,
partner or employee of Landlord) as a witness or otherwise in any action or proceeding whatsoever involving or affecting Tenant or this Lease. 

Tenant’s obligations under this Section shall survive the expiration of the term hereof or any other termination of this Lease. This
Section is intended to supplement, and not to limit, other provisions of this Lease pertaining to indemnities and/or attorneys’ fees. 

69.2 If any of the provisions of this Lease, or the application thereof to any person or circumstances, shall, to any extent, be invalid or
unenforceable, the remainder of this Lease, or the application of such provision or provisions to persons or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected thereby, and every provision
of this Lease shall be valid and enforceable to the fullest extent permitted by law. 
 69.3 No agreement to accept a surrender of all or any
part of the Premises shall be valid unless in writing and signed by Landlord. The delivery of keys to an employee of Landlord or of its agent shall not operate as a termination of this Lease or a surrender of the Premises. If Tenant shall, at any
time, request Landlord to sublet the Premises for Tenant’s account, Landlord or its agent is authorized to receive said keys for such purposes without releasing Tenant from any of its obligations under this Lease, and Tenant hereby releases
Landlord from any liability for loss or damage to any of Tenant’s property in connection with such subletting. 

  
 42. 

 69.4 The receipt by Landlord of rent with knowledge of breach of any obligation of this
Lease shall not be deemed a waiver of such breach. 
 69.5 No payment by Tenant, or receipt by Landlord, of a lesser amount than the correct
Fixed Rental or Additional Rental due hereunder shall be deemed to be other than a payment on account, nor shall any endorsement or statement on any check or payment be deemed an accord and satisfaction, and Landlord may accept such check or payment
without prejudice to Landlord’s right to recover the balance or pursue any other remedy in this Lease or at law provided. 
 69.6 The
terms “person” and “persons” as used in this Lease shall be deemed to include natural persons, firms, corporations, associations and any other private or public entities. 

69.7 If Tenant is in arrears in the payment of Fixed Rental or Additional Rental, Tenant waives its right, if any, to designate the items in
arrears against which any payments made by Tenant are to be credited, and Landlord may apply any of such payments to any such items in arrears as Landlord, in its sole discretion, shall determine, irrespective of any designation or request by Tenant
as to the items against which any such payments shall be credited. 
 69.8 The terms “Owner” and “Landlord” as used in
this Lease are interchangeable. The terms “Article,” “Section” and “Paragraph” as used in this Lease are interchangeable. 

69.9 If Tenant is a corporation, the person executing this Lease on behalf of Tenant hereby covenants, represents and warrants that Tenant is
duly incorporated and is authorized to do business in New York State and that the person executing this Lease on behalf of Tenant is an officer of the organization authorized to execute this Lease. 

 

	70.	 LEASE NOT BINDING UNLESS EXECUTED 

Submission by Landlord of this Lease for execution by Tenant shall confer no rights nor impose any obligations on either party unless and until
(i) Tenant shall have submitted to Landlord (a) at least four copies of this Lease to Landlord, duly executed by or on behalf of Tenant (and in the case that Tenant is a corporation, Tenant shall submit to Landlord a duly executed
resolution of Tenant’s board of directors authorizing this Lease), (b) separate checks payable to the direct order of Landlord on a bank account in Tenant’s name in the amount of the first monthly installment of Fixed Rental payable upon
the execution of this Lease, the security deposit, and any other monies payable by Tenant to Landlord (or third parties) on the execution hereof), (c) a certificate of insurance in form required in this Lease and (d) any other deliveries
specifically called for under this Lease to be submitted to Landlord on or prior to the commencement date of the Term and (ii) Landlord shall have countersigned this Lease and duplicate originals thereof shall have been delivered by Landlord to
Tenant. In the event Landlord countersigns and delivers this Lease to Tenant at a time when any of the aforementioned deliveries have not been received by Landlord or are not in proper form, this Lease shall be effective, but Tenant shall remain
obligated to provide such deliveries, the same not being waived by Landlord, unless Landlord specifically waives receipt of the same in writing. 

  
 43. 

	71.	 SUBMISSION TO JURISDICTION 

This Lease shall be deemed to have been made in New York County, City and State of New York, and shall be construed in accordance with the laws
of the State of New York. All actions or proceedings relating, directly or indirectly, to this Lease shall be litigated only in courts located within the County of New York. Tenant, any guarantor of the performance of its obligations hereunder, and
their successors and assigns, hereby subject themselves to the jurisdiction of any state or federal court located within such county, waive personal service of any process upon them in any action or proceeding therein, and consent that such process
be served by certified or registered mail, return receipt requested, directed to the Tenant and any successor at Tenant’s address hereinabove set forth, or to Guarantor and any successor at the address set forth in the instrument of guaranty
and to any assignee at the address set forth in the instrument of assignment. Such service shall be deemed made three (3) days after such process is so mailed. 
  

	72.	 QUALIFICATIONS AS TO USE 

Tenant shall not suffer or permit the Premises or any part thereof to be used in any manner or anything to be done therein, or suffer or permit
anything to be brought into or kept therein, which would in any way, (i) violate any of the provisions of any Superior Mortgage or Superior Lease, or the requirements of public authorities, (ii) make void or voidable any fire or liability
insurance policy then in force with respect to the Building; (iii) make unobtainable from reputable insurance companies authorized to do business in the State of New York any fire insurance with extended coverage, or liability, elevator,
boiler, or other insurance required to be furnished by Landlord under the terms of any Superior Mortgage or Superior Lease at standard rates, if obtainable at such rates prior to the execution and delivery of this Lease; (iv) cause or in
Landlord’s reasonable opinion be likely to cause physical damage to the Building or any part thereof; (v) constitute a public or private nuisance or otherwise violate any law relating to the protection of the environment or requiring
manufacture, treatment or disposal of any material used by Tenant at the Premises in any particular manner; (vi) impair, in the sole opinion of Landlord, the appearance, character or reputation of the Building; (vii) discharge
objectionable fumes, vapors or odors into the Building air conditioning system or into the Building flues or vents not designed to receive them or otherwise in a manner as may offend other tenants or occupants of the Building; (viii) impair or
interfere with any of the Building services or the proper and economic heating, cleaning, air conditioning or other servicing of the Building or the Premises, or impair or interfere with or tend to impair or interfere with the use of any of the
other areas of the Building by, or occasion discomfort, annoyance or inconvenience to, Landlord or any of the other tenants or occupants of the Building, any such impairment or interference to be in the sole judgment of Landlord; (ix) violate
any provision of law pursuant to which Landlord may incur civil or criminal liability as a result of Tenant’s action, including, without limitation, civil or criminal forfeiture, padlocking or other restraint of the Premises or the Building by
governmental authority; or (x) increase the pedestrian traffic in and out of the Premises and/or the Building above an ordinary level. Landlord shall not be liable for the violation by any tenant or other party of the rules and regulations of
the Building or for such other party’s breach of its lease. 

  
 44. 

	73.	 PARTNERSHIP TENANT 

If Tenant is a partnership (or is comprised of two [2] or more persons, individually and as co-partners
of a partnership), or if Tenant’s interest in this Lease shall be assigned to a partnership (or to two [2] or more persons, individually and as co-partners of a partnership) pursuant to Article 48 (any
such partnership and such persons are referred to in this Article as “Partnership Tenant”), the following provisions of this Article shall apply to such Partnership Tenant: (i) the liability of each of the parties comprising
Partnership Tenant shall be joint and several, and (ii) each of the parties comprising Partnership Tenant hereby consents in advance to, and agrees to be bound by, any written instrument which may hereafter be executed, changing, modifying or
discharging this Lease, in whole or in part, or surrendering all or any part of the Premises to Landlord, and by any notices, demands, requests or other communications which may hereafter be given by Partnership Tenant or by any of the parties
comprising Partnership Tenant, and (iii) any bills, statements, notices, demands, requests or other communications given or rendered to Partnership Tenant and all Such parties shall be binding upon Partnership Tenant and all such parties, and
(iv) if Partnership Tenant shall admit new partners, all of such new partners shall, by their admission to Partnership Tenant, be deemed to have assumed performance of all of the terms, covenants and conditions of this Lease on Tenant’s
part to be observed and performed, and (v) Partnership Tenant shall give prompt notice to Landlord of the admission of any such new partners, and upon demand of Landlord, shall cause each such new partner to execute and deliver to Landlord an
agreement in form satisfactory to Landlord, wherein each such new partner shall assume performance of all the terms, covenants and conditions of this Lease on Tenant’s part to be observed and performed (but neither Landlord’s failure to
request any such agreement nor the failure of any such new partner to execute or deliver any such agreement to Landlord shall vitiate the provisions of subdivision (iv) of this Article). 

 

	74.	 CERTIFICATE OF OCCUPANCY 

Tenant shall not at any time use or occupy the Premises in violation of the Certificate of Occupancy (as the same may be amended from time to
time) issued for the Premises or for the Building, and in the event that any department of the City or State of New York shall hereafter at any time contend and/or declare by notice, violation, order or in any other manner whatsoever that the
Premises are used for a purpose which is a violation of such Certificate of Occupancy, Tenant shall, upon five (5) days’ written notice from Landlord, immediately discontinue such use of the Premises. Failure by Tenant to discontinue such
use after such notice shall be considered a default in the fulfillment of a covenant of this Lease, and Landlord shall have the right to terminate this Lease immediately, and in addition thereto shall have the right to exercise any and all rights
and privileges and remedies given to Landlord by and pursuant to the provisions of this Lease. 
  

	75.	 ACCESS TO PREMISES  

Tenant understands and agrees that all parts (except surfaces facing the interior of the Premises) of all walls, windows and doors bounding the
Premises (including exterior Building walls, core corridor walls, doors and entrances), all balconies, terraces and roofs adjacent to the Premises, all space in or adjacent to the Premises used for shafts, stacks, stairways, chutes, pipes, conduits,
ducts, fan rooms, heating, air cooling, plumbing and other mechanical facilities, service closets and other Building facilities are not part of the Premises, and Landlord shall have the use thereof, as well as access thereto through the Premises for
the purposes of operation, maintenance, alteration and repair. Landlord shall comply with Article 13 of this Lease (including, without limitation, Insert 13.1) in connection with Landlord entering the Premises. 

  
 45. 

	76.	 USE OF PREMISES 

Under no circumstances whatsoever shall the Premises or any part thereof be used: (1) as a multiple tenancy; (2) by a foreign or
domestic governmental agency; (3) as a betting parlor or gambling casino; (4) by a utility company; (5) as a restaurant, luncheonette or coffee shop; (6) for the on-premises or off-premises sale of alcoholic beverages or as a catering or events facility; (7) for the sale of candy or cigarettes; (8) as an amusement arcade or for use of video games, pinball machines or other
customer-attracting devices; (9) for the playing of amplified music, for live entertainment, for dancing or as a discotheque or club; (10) for the sale, display or rental of “adult” or pornographic books, magazines or videos;
(11) as a medical, psychiatric, abortion, drug or alcohol clinic; (12) as an employment agency or search firm or school or training center; (13) for retail, manufacturing or residential use; (14) a bank or trust company,
industrial bank, safe deposit business, savings & loan association or loan company; (15) school, college, university or educational institution whether profit or
not-for-profit; (16) a public stenographer or typist or secretarial service; (17) barber shop, beauty shop, beauty parlor; (18) telephone or telegraph
agency; (19) messenger service; (20) travel or tourist agency; (21) commercial document reproduction or offset printing service; (22) labor union; (23) a firm whose principal business is a real estate brokerage or a company
engaged in the business of renting office or desk space; and/or (24) for any use other than the use set forth in Article 2. 
  

	77.	 EXCLUSION OF PERSONS FROM PREMISES, AND DELIVERY SYSTEMS  

As of the date hereof, Landlord does not accept deliveries of mail, air courier packages, express packages and other packages of any kind on
behalf of tenants of the Building. Notwithstanding the foregoing, Landlord reserves the right to install or maintain any security system(s) or procedure(s) that Landlord deems necessary in the Building and exclude from all portions of the Building
at any time or times during the term hereof, all messengers, couriers and delivery people other than those who are employees of Tenant. In such event Landlord shall accept on behalf of Tenant all deliveries of mail, air courier packages, express
packages and other packages sent by similar means (including any hand deliveries of such mail and packages), shall permit messengers and couriers to pick up mail or packages left by Tenant, and shall provide an area to be used for such purposes to
which Tenant’s employees shall deliver mail and packages to be picked up by others and from which such employees shall pick up and distribute mail and packages to be delivered to Tenant, provided, however, that Landlord may elect to provide
such distribution to Tenant at Tenant’s expense. Tenant shall comply with Landlord’s rules relating to such area and services. Neither Landlord nor Landlord’s agents or security personnel shall be liable to Tenant or Tenant’s
agents, employees, contractors, customers, clients, invitees or licensees or to any other person for, and Tenant hereby indemnifies Landlord and Landlord’s agents and security personnel against, liability in connection with or arising out of
damage to mail or packages, or the performance or non-performance by Landlord or any person acting by, through or under the direction of Landlord of the services set forth in this Paragraph (including any
liability in respect of the property of such persons), unless due to the gross negligence or willful misconduct of Landlord or Landlord’s agents or security personnel. No representation, guaranty or warranty

  
 46. 

 
is made or assurance given that the communications or security systems, devices or procedures of the Building will be effective to prevent injury to Tenant or any other person or damage to, or
loss (by theft or otherwise) of, any property of Tenant or of any other person, and Landlord reserves the right to discontinue or modify at any time such communications or security systems or procedure without liability to Tenant. 

 

	78.	 ADDENDUM TO RULES AND REGULATIONS  

The following additional Rules and Regulations are hereby incorporated into and made a part of the Rules and Regulations set forth at the end
of the printed form of the Lease: 
 78.1 Fire exits and stairways are for emergency use only, and they shall not be used for any other
purpose by Tenant or Tenant’s employees, licensees or invitees. Landlord reserves the right to control and operate the public portions of the Building and the public facilities, as well as facilities furnished for the common use of the tenants,
in such manner as it deems best for the benefit of the tenants generally. 
 78.2 Notwithstanding anything provided to the contrary in this
Lease, Tenant shall not cause any machinery, equipment, sign, banner, or any other thing to protrude from the Premises to the exterior of the Building beyond the horizontal plane of the exterior windows of the Premises or beyond the Premises within
the interior of the Building nor may Tenant place any signs on or in any windows. 
 78.3 Attached hereto as Exhibit C is a copy of
additional Rules and Regulations for the Building. 
  

	79.	 SCAFFOLDING 

In the event Landlord shall desire (or becomes obligated) to modify portions of the Building or to alter or renovate the same or clean, repair
or waterproof the Building’s facade (whether at Landlord’s option or to comply with law), Landlord may erect scaffolding, “bridges” and other temporary structures to accomplish the same, notwithstanding that such structures may
obscure signs or windows forming a part of the Premises, and notwithstanding that access to portions of the Premises may be temporarily diverted or partially obstructed, provided, however, that Landlord agrees to use reasonable efforts to minimize
impairment of access to the Premises. Landlord shall not be liable to Tenant or any party claiming through Tenant for loss of business or other consequential damages arising out of any change in the Building or temporary diversion or partial
obstruction resulting from such alteration, renovation, repair or cleaning, out of the foregoing structures, or out of any noise, dust and debris from the performance of work in connection therewith, nor out of the disruption of Tenant’s
business or access to the Premises necessary to perform such repairs, nor shall any matter arising out of any of the foregoing be deemed a breach of Landlord’s covenant of quiet enjoyment or entitle Tenant to any abatement of rent. 

  
 47. 

	80.	 CERTIFICATE OF TENANT  

Tenant agrees, at any time and from time to time, as requested by Landlord, upon not less than twenty (20) days’ prior written
notice, to execute, acknowledge and deliver to Landlord and/or any other person, firm or corporation specified by Landlord, a statement (i) certifying that this Lease is unmodified and in full force and effect (or, if there have been
modifications, that the same are in full force and effect as modified and stating the modifications) and whether any options granted to Tenant pursuant to the provisions of this Lease have been exercised, (ii) certifying the dates to which the
Fixed Rental and Additional Rental have been paid and the amounts thereof, (iii) stating whether or not, to the best knowledge of Tenant, Landlord is in default in performance of any of its obligations under this Lease, and, if so, specifying
each such default of which Tenant may have knowledge, and (iv) certifying to the best of Tenant’s knowledge such other information as Landlord may reasonably request. Tenant acknowledges and agrees that any such statement delivered
pursuant hereto may be relied upon by others with whom Landlord may be dealing. 
  

	81.	 SUBLEASE 

81.1 Notwithstanding anything to the contrary contained herein, Tenant acknowledges that this Lease is a sublease of the demised premises and
is subject and subordinate to all of the terms, covenants, conditions, agreements and provisions in (i) the lease dated March 1, 1920 between Elmer E. Smathers, and landlord and Standard Oil Company of New York, as tenant (“Prime
Ground Lease”) and (ii) the sub-lease dated November 30, 1989 between Mobil Oil Corporation, (successor in interest to Standard Oil Company of New York) as
sub-landlord and Independence Partners, (Landlord’s predecessor-in-interest), as
sub-tenant, (“Ground Lease”) (such lease and sublease as the same have been amended and assigned are hereinafter severally and collectively called the “Superior Documents”). 

81.2 Anything in this Lease to the contrary notwithstanding, if there exists a breach by Landlord of any of its obligations under this Lease
caused solely by a corresponding breach by the lessor under any Superior Document of its obligations thereunder, then and in such event, Tenant’s sole remedy against Landlord in the event of any such breach of obligations under this Lease,
shall be the right to pursue a claim at Tenant’s sole cost and expense in the name of Landlord against such lessor. Landlord agrees that it will, at Tenant’s expense, cooperate with Tenant in the pursuit of such claim. 

81.3 Landlord and Tenant agree that the leasehold estate created by this Lease shall not merge with any other estate held by Landlord or an
affiliate of Landlord in the property of which the demised premises form a part or any other interest of Landlord in the demised premises and the Building, unless Landlord shall expressly elect to have such estates merge. 

81.4 Tenant agrees (a) in the event of the termination of the Superior Documents, this Lease shall not terminate or be terminable by
Tenant, (b) in the event of any foreclosure action by the holder of the Superior Mortgage, this Lease shall not terminate or be terminable by Tenant by reason of the termination of the Superior Documents unless Tenant is specifically named and
joined in any such action and unless a judgment is obtained against Tenant, and (c) in the event the Superior Documents are terminated as aforesaid, and a “new lease” is granted. Tenant shall attorn to Landlord or any Successor
Landlord as the case may be. 

  
 48. 

	82.	 DIRECTORY LISTINGS 

Landlord shall, at no cost to Tenant, provide Tenant with Tenant’s Proportionate Share of directory listing(s) in the Building directory.
If, at the request of and as an accommodation to Tenant, Landlord shall place upon such directory board one or more names of persons, firms or corporations other than Tenant, this shall not be deemed to operate as a consent by Landlord to an
assignment or subletting by Tenant of all or any portion of the Premises to such persons, firms or corporations. 
  

	83.	 DOWNTOWN INCENTIVES GENERALLY; LOWER MANHATTAN COMMERCIAL REVITALIZATION PROGRAM  

83.1 Landlord acknowledges that Tenant plans to apply for certain State and Local business incentives. If Tenant is successful in receiving same, some of these
business incentives may accrue and be payable by State and Local authorities directly to Tenant and others may accrue to Tenant but be passed through to Tenant through the Landlord. Landlord agrees to: (a) sign all forms (provided same are
reasonably acceptable to Landlord, same do not affect Landlord’s rights or Tenant’s obligations under this Lease, and further provided that Landlord incurs no cost, expense, or liability in connection therewith) in connection with
Tenant’s applications for business incentives and the granting or denial of same, and (b) pass such business incentives through to Tenant (to the extent actually received by Landlord) provided that Tenant has (I) paid all costs in
connection with any such application, (II) reimbursed Landlord for Landlord’s reasonable out-of-pocket expenses in connection with any such application (as
required by subsection (v)(II) of the following paragraph), and (III) provided Landlord with written evidence of Landlord’s receipt of such incentives being the sole result of Tenant’s application. 

Tenant acknowledges and agrees as follows: (i) Landlord has made no representation or warranty whatsoever with respect to (y) whether any incentives
are or are not currently or in the future available, or (z) whether any incentives will or will not be granted, (ii) this Lease and Tenant’s obligations hereunder are in no way conditioned upon Tenant receiving any incentives,
(iii) Tenant shall not be entitled to any abatement or credit against Tenant’s obligation to pay Fixed Rental or Additional Rental as a result of this Article 83 including, without limitation, as a result of Tenant’s application(s)
for incentives (irrespective of whether Tenant is successful in obtaining such incentives), (iv) nothing contained in this Article 83 including, without limitation, Tenant’s ability or inability to obtain incentives shall provide Tenant with
any right to terminate this Lease, (v) Landlord shall incur no cost, expense, or liability as a result of this Article 83 and therefore (I) any application shall be made by Tenant at Tenant’s sole cost, and (II) Tenant shall
within ten (10) days after Landlord’s written demand, reimburse Landlord as Additional Rental for Landlord’s reasonable out-of-pocket expenses in
connection with any application pursuant to this Article 83, and (vi) Tenant’s indemnification in Article 50 of this Lease shall apply and extend to any claims, suits, actions, damages, fines, charges, penalties, losses, liens, fees,
costs, court costs, expenses (including, but not limited to, all reasonable fees and disbursements of attorneys, architects, engineers and other professionals engaged by one or more Indemnitees) and liabilities which may be incurred by or imposed on
any Indemnitee as a result of this Article 83. 

  
 49. 

 83.2 All of the foregoing provisions of this Article 83 shall apply in connection with Tenant’s
application to receive real estate tax abatements that may or may not currently be available under the Lower Manhattan Commercial Revitalization Program pursuant to Title 4 of the New York Real Property Tax Law (RPTL). In connection therewith a)
Tenant’s Proportionate Share is as set forth in Section 44.5 of this Lease (ie. 1.14%), and b) Tenant is hereby informed that, provided Tenant complies with the terms and conditions hereof and the Lease: 

(A) An application for the Lower Manhattan Commercial Revitalization Program Tax Abatement pursuant to Title 4 of the RPTL will be made (by
Tenant) for the Premises; 
 (B) The Additional Rental including amounts payable by Tenant for real property taxes will accurately reflect
any abatement of real property taxes granted for the Premises as a result of Tenant’s application pursuant to Title 4 of the RPTL; 

(C) At least $5.00, $10.00 or $35.00 per square foot in the abatement zone must be spent on improvements to the Premises and the common areas
of the Building, the amount being dependent upon the length of the lease, lease type and number of employees. 
 (D) All abatements granted
will be revoked if, during the benefit period, real estate taxes, water or sewer charges or other lienable charges are unpaid for more than one year, unless such delinquent amounts are paid as provided in subdivision 4 of Section 499-f of the RPTL. 
 Again, for the sake of certainty (and without limiting the generality of
Section 83.1 of this Lease), (i) this Section 83.2 shall be subject to all of the provisions of Section 83.1 of this Lease, (ii) Landlord shall not as a result of Section 83.2 be required to perform any work or expend any
money beyond what is expressly required by the other provisions of this Lease, (iii) in the event of any conflict between this Section 83.2 and Section 83.1, Section 83.1 shall govern, and (iv) in the event of any conflict
between this Section 83.2 and any other provision of this Lease, said other provision of this Lease shall govern. 
 [The rest of
this page is intentionally left blank. Next page is signature page.] 

  
 50. 

 In Witness Whereof, Landlord and Tenant have respectively signed and sealed
this Lease as of the day and year first above written. 
  

			
	LANDLORD:
	
	BROADWAY 26 WATERVIEW LLC
		
	By:	 	  

		 	Name:
		 	Title:
		
		 	Federal ID No.: 77-0671055
	
	TENANT:
	
	MOBO SYSTEMS, INC., D.B.A. OLO
		
	By:	 	  

		 	Name: Matthew J. Tucker
		 	Title: COO
		
		 	Federal ID No.: 20-2971562

 EXHIBIT A 

DESCRIPTION OF PREMISES 

[This drawing of the Premises is only an approximation of the space demised, and 

Landlord makes no representation that the dimensions indicated on this drawing 

are the actual dimensions of the Premises.] 

 

 

 EXHIBIT B 

LANDLORD’S WORK 
  

	 	1.	 Deliver in Building-standard manner, connection points for Tenant’s strobes, speakers, and panels;

	 	2.	 Connect Tenant’s strobes, speakers and panels to the Building’s Class E fire alarm system;

	 	3.	 Provide ACP-5; 

	 	4.	 Provide electric current of at least 6 watts per usable square foot (separate from A/C System);

	 	5.	 Refurbish all existing restrooms within Premises in Building-standard manner with all existing restroom
fixtures in working order; and 

	 	6.	 Perform the work described in Plans (as defined in Note C below). 

Landlord shall only be obligated to perform the items that are set forth above on this Exhibit B. All other items are not Landlord’s Work and
shall not be performed by Landlord. Such other items may be performed by Tenant pursuant to Article 67 of the Lease. 
 UNLESS
SPECIFICALLY INDICATED OTHERWISE, ALL LANDLORD’S WORK 
 SHALL BE OF MATERIAL, DESIGN, FINISH AND COLOR OF THE BUILDING 

STANDARD ADOPTED FROM TIME TO TIME BY LANDLORD. 

Notes: 
  

	A.	 All work shall be performed, furnished, installed, and provided by or through contractors and suppliers of
Landlord’s choice. 

  

	B.	 All materials shall be as specified subject to availability and/or equivalent. 

 

	C.	 With respect to item 6 above, “Plans” shall mean plans to perform only the work described in the Work
Letter and the Drawings both of which are attached hereto as Exhibit B-1. Any work to ready the Premises for Tenant’s occupancy that is not included in said Work Letter or Drawings shall be deemed
“Additional Work”. With respect to Additional Work all of the following shall apply: (i) Additional Work shall not be deemed part of the Plans and therefore (a) shall not be included in Landlord’s Work, and (b) shall
not be a condition predicate to the Rent Commencement Date, (ii) Landlord shall have no responsibility whatsoever for the payment of, performance of, or quality or workmanship of Additional Work, its compliance with law, or otherwise,
(iii) all Additional Work shall be performed by Tenant at Tenant’s sole cost and expense, and Tenant shall also have sole responsibility for filing any required plans and obtaining any required permits and governmental approvals for the
performance of Additional Work, (iv) all Additional Work shall be deemed Tenant’s Changes and shall be subject to all of the requirements of Article 67 of this Lease (including, without limitation, Landlord’s consent requirement, if
applicable), (v) Additional Work may be performed prior to the Rent Commencement Date subject to all of the provisions of Section 42.4 of this Lease, and (vi) if any Additional Work (including, without limitation, the proposal, plan filing
and/or performance thereof) or other action done by or on behalf of Tenant results in a stoppage of or interference with Landlord’s Work, and Tenant does not immediately cease such interference upon notice (which may be oral, written or by
electronic mail) to Tenant so that Landlord’s Work may be resumed or continued without such interference, then any continuation of such stoppage or interference shall constitute a Tenant’s Delay. 

 

	D.	 In the event of any conflict between Exhibit B and Exhibit B-1, Exhibit
B-1 shall control. 

 EXHIBIT B-1 

WORK LETTER AND DRAWINGS 

 New Building Standard 

Work Letter 
 26
Broadway, New York NY 
  

	1)	 General Construction 

Landlord agrees at its sole expense and without charge to Tenant to do the following work, all of which unless otherwise indicated, shall be
of material, manufacture, design, capacity and finish selected by Tenant from Landlord’s samples as standard of the building (“Building Standard”). In the event that the specifications herein do not meet the minimum code, then and in
such event Landlord shall substitute the higher standard required by code. 
 All materials and installations shall meet to the best extent
possible or exceed all required government codes including, but not limited to: the American Disabilities Act (ADA), Mechanical, Electrical and Plumbing Codes, Fire Code, Department of Health, NYC Building Departments, etc. All architectural and
mechanical plans and specifications shall be provided by Landlord as well as all building permits at Landlord’s expense. Class E fire system and all points shall be installed as per code. 

All references to the “plan” or “Plan” shall refer to the Spector Group Plan and finish and lighting plan dated
December 16, 2013 and floor plan dated January 27, 2014 attached hereto. 
  

	2)	 Demolition 

 

	 	a)	 All demolition necessary to complete the work as set for the herein and on the plans shall be performed
including but not limited to partitions, electrical, duct work, mechanical equipment, flooring, bathrooms, plumbing etc. 

  

	3)	 Floors 

 

	 	a)	 Furnish and install building standard loop carpeting, as selected by tenant from building standard selections
(26 ounce 100% solution dyed nylon or an allowance of $20 PS yd. for material only, installation to be provided), glued down to existing slab with 4” cove vinyl base in tenant’s choice of color. 

 

	 	b)	 Furnish and install building standard vinyl composition tile (Kentile-standard series) in lieu of carpet with
building standard 4” vinyl cove base, as selected by tenant from building standard selections, in areas designated by the tenant. 

  

	 	c)	 The concrete floor as indicated on the Plan shall be prepped and sealed with Tenant approved sealer.

  

	 	d)	 Bathrooms shall receive building standard bathroom tiles and base. Colors to be selected by Tenant from
Landlord’s samples. 

  

	 	d)	 Removal of existing flooring and prepare the slab to receive new floor finishes. 

 

	4)	 Ceilings 

  

	 	a)	 Furnish and install Armstrong tegular tile #584 standard grid color: white 2x2 in offices and corridor as
indicated by plan 

  

	 	b)	 All ceilings will be continuous to the exterior walls above window. 

 

	 	c)	 Ceiling height shall be above the top of the perimeter windows but not less than 9’0” unless required
due to field conditions. 

	 	d)	 There is no ceiling grid indicated for corridors—corridor ceilings are noted as exposed painted deck with
architectural duct work per Plan. Reception area is noted on plan to have exposed painted deck with architectural duct work. 

	 	e)	 Exposed slab ceiling with sheetrock cladding in open area as indicated by plan. 

 

	5)	 Partitions 

 

	 	a)	 The landlord will provide demising partitions. Installed in accordance with NYC building code, one hour fire
rated, slab to slab partitions 

  

	 	b)	 Building standard partition within tenant spaces shall extend from the floor to six inches above the suspended
ceiling and shall be framed with 2 1/2 by 25 gauge steel studs at 16” on center. One (1) layer of 5/8” gypsum wall-board (sheetrock) will be provided on each side and will be taped and triple coat spackled on the exposed side.

	 	c)	 Partitions terminating at the building exterior will meet either a window mullion or column. No partitions,
which interfere with the operation of a window or obscure a window, will be permitted. 

  

	 	d)	 There will be a curved wall separating reception and the print/copy area. This wall is proposed to receive
millwork (for both reception and print/copy area) which shall be a Tenant extra. Determination on millwork will be based upon cost to Tenant. 

  

	 	e)	 As indicated on the Plan landlord shall provide and install glass partition office fronts. The glass partitions
shall be 1⁄2 clear tempered glass, butt glazed, top and bottom channel from finished floor to top of 8’0” foot high. 

	 	f)	 the 2 meeting rooms are fully enclosed by glass, the lab, also the engineer workstation area has glass entrance
points as does Meeting Room 3. The conference room is enclosed by a stationary glass wall and movable glass wall. Details on the Engineers glass fronted office needs to be further detailed because the glass wall engages the 2 glass meeting areas and
the lab as shown on the Plan. 

	 	g)	 Bathroom partitions to be full height partitions to the underside of deck. 

	 	h)	 

  

	6)	 Doors and Frames 

 

	 	i)	 Doors shall be hollow metal door with hollow metal frame. 3’
-0” x 7’ -0” with 18” x 18” metal louver at bottom of door. 

 

	 	ii)	 In lieu of Main entrance doors will be a pair of glass doors with 6’
-0” x 8’ 6” x 1⁄2 thick clear tempered Herculite glass doors, landlord to provide and install recessed in the
ceiling roll away doors in locations as per plan. 

  

	 	iii)	 Doors where there are glass wall office fronts shall be 1⁄2 inch clear herculite glass doors with pivot hinges and door pulls. Lockset located in bottom stile into floor. 

  

	 	)	 Hardware — except as specified elsewhere in this workletter landlord shall provide: 

 

	 	i)	 Building standard glass entry doors will be provided with the following. 

 

	 	(1)	 Patch fitting on top and bottom 

 

	 	(2)	 Concealed overhead closer (90° No. HO.) 

 

	 	(3)	 Bottom Pivot 

  

	 	(4)	 1 1⁄4” dia. X
72” overall ladder style pull/push handles 

  

	 	(5)	 Deadbolt lock with key cylinder outside and thumb turn inside 

Note: All exposed materials — satin stainless steel finish 
  

	 	ii)	 Building Standard office and conference room doors will be provided with the following. 

 

	 	(1)	 butt hinges 

  

	 	(2)	 Schlage lever latches 

 

	 	(3)	 Schlage lever lock sets 

 

	 	(4)	 Door stop: 

  

	 	(5)	 Silencers 

  

	7)	 Finishes  

 

	 	a)	 All partitions will be painted with one prime coat and one or two, if required finish coats in colors to be
selected by tenant from building standard material palettes. Paint will be Benjamin Moore color preview or equal. All paint shall be eggshell finish. Semi gloss on all doors, bucks & metal enclosures. Twenty percent (20%) of the
partitioning may be painted in an accent color on walls (one accent color only) from corner to corner. No striping will be provided. 

  

	 	b)	 All Trim will be painted with one prime coat and one or two, if required, finish coats in colors to be selected
by tenant from building standard selections. Paint will be Benjamin Moore color preview or equal. All paint shall be satin finish. Tenant to select building standard finishes. 

	8)	 Electric 

 

	 	a)	 Electrical capacity will be provided at 6 watts connected load per rentable square foot at the floor electrical
closet at 220 volts exclusive of HVAC equipment except any supplemental equipment required by Tenant, if any. The 6 watts shall be provided to the electrical closet with all required transformers, panels and circuit breakers. 

 

	 	b)	 Lighting shall consist of a 2’ x 4’, 5-1⁄2” deep basket fluorescent lay in fixture with two (2) 31watt T8 lamps and electronic ballast in areas of drop ceiling. Attached Pendant lighting shall utilized
for open ceiling areas. 

  

	 	c)	 Emergency lighting equipped with battery backup, will be provided by landlord within the demised premises in
compliance with applicable codes. 

  

	 	d)	 Except as indicated elsewhere in this section Electrical receptacles shall be provided in building standard
partitions as follows. 

  

	 	iv)	 20V 15A wall recepticle:1 per every 150RSF. 

 

	 	v)	 Dedicated 120V 20A wall receptacle:2 in addition to IT Closet. 

 

	 	vi)	 GFI receptacle:see pantry area and as required by code in bathroom. 

 

	 	vii)	 One quadruple electrical wall receptacle may be exchanged for two duplex outlets. 

 

	 	e)	 In kitchen or pantry, minimum of two dedicated quad GFI outlets on wall above countertop, plus outlets for
refrigerator, microwave, dishwasher, and water cooler. 

  

	 	f)	 Landlord shall wire all workstation connections with electric. All connections and loads shall be based upon
the attached specifications and shall be either core drilled or through a partition wall or column. Power poles are unacceptable. Tenant will provide electrical specifications for workstations but not more than one 20 amp circuit per four
workstations from Tenant supplied whip 

  

	 	g)	 Light switches shall be provided as follows: 

 

	 	i)	 One (1) switch per room. 

 

	 	ii)	 Open office areas shall be provided with switches so that one half (1/20 of the lights in an area greater than
500 SF may be shut off at one time. 

  

	 	i)	 Class E Fire alarms system, points, devices and all required life safety systems and components including
relays if required for Tenant’s card key security system shall be provided in compliance with applicable codes for office occupancies as per the plan. Special fire alarm devices or systems for computer rooms as opposed to a standard IT closet
as per plan, supplementary air conditioning systems, food service facilities except pantry as per plan, file rooms, or other non-typical office construction shall be provided by the tenant at tenant’s
sole cost and expense. Final connection of all fire alarm systems provided by tenants to the building fire alarm system shall be by the landlord’s fire alarm contractor at tenant’s expense. 

 

	 	j)	 Conduit for Tenant’s telecommunication from the building entry point to the floor shall be provided by
Landlord. Such conduit can be a common with other tenants. 

  

	 	k)	 Provide blocking and electric for flat screens in conference rooms, 2 conduits from monitor to under conference
tables for electric and computer cabling, outlet core drill under conference table, plus 4 additional duplex outlets in large conference room. 

  

	9)	 Appliances  

 

	 	a)	 All appliances including dishwasher are to be supplied by the tenant. 

 

	10)	 Heating. Ventilation, and Air Conditioning  

 

	 	a)	 Air Conditioning 

  

	 	i)	 Landlord shall deliver the Demised Premises to Tenant with properly functioning heating, ventilation, and air-conditioning of sufficient capacity to service the Demised Premises for normal office use during normal business hours — Monday to Friday 8:00AM — 6:00PM excluding major holidays.

  

	 	b)	 Landlord to provide air handler unit on the floor to service the Premises in good working order and be
responsible to repair or replace during the Term. All HVAC is provided through the Building’s systems which Landlord shall provide during the Term. 

	 	c)	 In the open ceiling area landlord to provide circular architectural ducted supply and returns with standard
duct work and diffusers in the dropped ceiling area. 

  

	 	d)	 Landlord shall design and engineer the system and distribution based upon the plan. 

 

	 	e)	 Furnish and install all required diffusers, returns, ducts, dampers, VAVs and controls as required to provide a
complete system. There shall be a separate VAV for each row of offices based upon window exposure, one for each conference room and as interior VAV’s as required based upon the layout. 

 

	 	f)	 The system shall be designed to maintain, within normal tolerances for office spaces with a maximum population
of one person for each 100 square foot of tenant area, with inside space conditions of 74 F dry bulb when the outside temperature is 91 F dry bulb and 74F mean coincidental wet bulb. During the winter heating season, the system will be capable of
maintaining a minimum temperature of 72 F dry bulb when the outside temperature is 11 F dry bulb. The figures are for normal occupied periods and reflect the ASHRAR .4% outdoor conditions. 

 

	 	g)	 At substantial completion of the work, the HVAC system shall be balanced to confirm conformance to design
criteria as practical. 

  

	11)	 Telecommunications 

 

	 	a)	 Voice, high-speed data, and high speed Internet access will be available to every tenant space at tenant cost.
Tenant will have the option of choosing any telephone carrier, Internet provider, data transmission carrier, etc., at the sole cost and expense of the Tenant. 

 

	 	b)	 A telephone junction box and conduit can be provided for tenant telephones at the rate of one (1) per
every 200RSF extending from IDF & One (1) dragline can be provided for each conduit at the sole cost and expense of the Tenant. 

  

	12)	 Tenant Identification 

 

	 	a)	 The design of identification shall conform to the Building Standard, and shall be approved by Landlord at the
Tenant’s expense. 

  

	 	b)	 In cases where a tenant had two corridor entry doors, one shall be designated as the principal entry only.
Secondary doors shall have no identification whatsoever, except the room or suite number. 

  

	13)	 Pantry 

 

	 	a)	 The landlord will provide a sink with hot & cold water and a 6’ Caesarstone with full height
backsplash from surface of countertop to bottom of upper cabinet of tile or metal laminate, with drop down to 32” at sink location for ADA (color selected by tenant counter and laminate base and overhead cabinets. Sink height and facet type
shall meet ADA standards. At Pantry and Lunch room add new plastic laminate pantry base and hanging cabinets. Base cabinets shall be 36” high with drop down to 32” at sink location for ADA. Furnish and install all required blockings and
grounds. 

  

	 	b)	 Pantry to have plumbing for landlord provided dishwasher, base and top cabinets with countertop
(6”backsplash), ADA compliant sink and faucet, 2 GFI outlets on the countertop plus outlets for the refrigerator, water cooler; water supply with shut off valves for coffee maker, water cooler, and ice maker. 

 

	 	b)	 Furnish and install all necessary rough plumbing work for water supply and drainage at new pantry including
dishwasher. 

  

	 	c)	 Provide water supply with shut off valves for at counter top for coffee maker, ice maker and water cooler in
the pantry. 

  

	14)	 Sprinkles 

 

	 	a)	 Modify existing sprinklers or provide new throughout as required by code. Sprinkler
heads shall be concealed type. Provide all necessary adjustments to existing piping and installation of new piping as required for the sprinkler work. 

 

	15)	 Millwork 

 

	 	a)	 Coat closets shall receive closet hang rod and hat shelf. 

	 	b)	 Telephone / Server room to have on sheet of 4’ X 8’ smooth finish plywood sheet painted to match
walls. 

  

	 	c)	 Millwork as specified on the drawings shall be provided at Tenant’s option at Tenant’s sole cost and
expense. 

  

	16)	 Elevator Lobby 

 

	 	a)	 Elevator lobby shall be renovated with mutually agreeable finishes and improvements. It is agreed by the
parties that the existing marble on the walls and floor shall remain. 

  

	17)	 IT Room 

 

	 	a)	 Provide and install a louvered door with temperature controlled exhaust fan for the IT room.

  

	 	b)	 Provide one wall in the IT room with plywood painted to match. 

 

	 	c)	 Provide up to 4 dedicated quad outlets in the IT room 

 

	 	d)	 Provide building standard VCT flooring in IT room 

 

	18)	 Tenant’s Responsibility  

 

	 	a)	 Tenant shall be responsible for installation of telephone and computer cabling and equipment. Landlord shall
furnish and install empty back boxes and plates. 

  

	 	b)	 Landlord will not install any Tenant specialized equipment. 

 

	 	c)	 Tenant agrees to coordinate Tenant’s contractor’s work with Landlord’s contractor’s work.

  

	 	d)	 All work by Tenant’s contractors including but not limited to the installation of telephone lines and
computer cables, shall be in accordance with all applicable federal, state and local laws and regulations. 

  

	 	e)	 Tenant’s contractors shall coordinate their work with the Tenant-Landlord agreed upon construction
schedule. 

  

	19)	 Cleaning 

Landlord to have the demised premises cleaned before Tenant occupies, cleaning to include: 

 

	 	a)	 Vacuum all carpet areas. 

 

	 	b)	 Mop and clean all VCT floors. 

 

	 	c)	 Clean interior of all windows and window sills. 

 

	 	d)	 Dust all surfaces including, but not limited to, window sills, sinks, countertops, light fixtures, etc.

 18. Tenant Extras 

Landlord shall not be responsible for an any increased costs due to Tenant’s changes or upgrades other than what is contained in this
workletter and Plan. Tenant will pay for the Tenant extras as indicated below. The Tenant’s extra budget numbers will not exceed the $75,000.00 as indicated below, but the final cost to tenant will be based upon Landlord’s actual cost per
the final bids. 
 Landlord’s Preliminary Budget Extras: 

 

							
	1.	  	Additional Bathroom demolition:	 	$	12,000	 
	2.	  	New Bathroom (not refurbished)	 	$	25,000	 
	3.	  	Demolition of Marble:	 	$	 7,500	 
	4.	  	Glass Door additional Cost:	 	$	 9,000	 
	5.	  	Movable Glass Partition:	 	$	25,000	 

 Total cost of the aforementioned extras-shall not exceed $75.000.00 

 

 

 

 

 

 

 

 

 

 
 VISION STUDY 26 BROADWAY 124TH FLOOR NEW YORK, NY 

 

 

 

 

 

 

 EXHIBIT C 

BROADWAY 26 WATERVIEW LLC 

c/o The Chetrit Group, LLC 
 404
Fifth Avenue - 4th Floor 
 New York, New York 10018 

RULES AND REGULATIONS 
 I. Tenant shall
not: 
 1. obstruct, encumber or use, or allow or permit any of its employees, agents, licensees or invitees to congregate in or on, the
sidewalks, driveways, entrances, passages, courts, arcades, esplanade areas, plazas, elevators, vestibules, stairways, corridors or halls of the Building, outside of the demised premises, or use any of them for any purposes other than for ingress
and egress to and from the demised premises; 
 2. attach awnings or other projections to the outside walls of the Building or place bottles,
parcels or other articles, or lettering visible from the exterior, on the windows, windowsills or peripheral air conditioning enclosures; 

3. attach to, hang on, or use in connection with, any exterior window or entrance door of the demised premises, any blinds, shades or screens
which are not of a quality, type, design and color, or which are not attached in a manner, approved by Landlord; 
 4. place or leave any
door mat or other floor covering in any area outside of the demised premises; 
 5. exhibit, inscribe, paint or affix any sign, insignia,
advertisement, object or other lettering in or on any windows, doors, walls or part of the outside or inside of the Building (exclusive of the inside of the demised premises), or in the demised premises if visible from the outside, without
Landlord’s approval, except that the name(s) of Tenant and any permitted sublessee may be displayed on the entrance doors of the premises occupied by each, subject to Landlord’s reasonable approval of the size, color and design of such
display and, if Landlord elects to perform such work, Tenant shall pay Landlord for the performance of such work; 
 6. cover or obstruct the
sashes, sash doors, skylights, windows and doors that reflect or admit light and air into the halls, passageways or other the Building; 
 7.
place in, sweep or permit to be swept, attach to, put in front of or affix to any part of the exterior of, the Building or any of its halls, doors, windows, elevators, corridors or vestibules, outside of the demised premises, any lettering, signs,
decorations, showcases, displays, display windows, packages, boxes or other articles; 
 8. except in the normal decoration of the interior
of the demised premises, mark, paint, drill into, or in any way deface, any part of the Building or the demised premises or cut, bore or string wires therein; 

9. permit or allow bicycles, vehicles, animals, fish or birds of any kind to be brought into or kept on or about the Building or the demised
premises; 
 10. make, permit or allow to be made, any unseemly or disturbing noises, whether by musical instruments, recordings, radio,
talking machines, television, whistling, singing or in any other way, which might disturb other occupants in the Building or those having business with them or impair or interfere with the use or enjoyment by others of neighboring buildings or
premises; 

 11. bring into or keep on any part of the demised premises or the Building any inflammable,
combustible, radioactive or explosive fluid, chemical or substance; 
 12. place upon any of the doors (other than closet or vault doors) or
windows in the Building any locks or bolts which shall not be operable by the Grand Master Key for the Building, or make any changes in locks or the mechanisms thereof which shall make such locks inoperable by said Grand Master Key unless such
change is approved by Landlord in which event Tenant shall give Landlord duplicate keys for such locks or bolts; 
 13. remove, or carry into
or out of the demised premises or the Building, any safes, freight, furniture, packages, boxes, crates or any bulky or heavy objects except during such hours and in such elevators as Landlord may reasonably determine from time to time; 

14. use any lighting in perimeter areas of the Building, other than that which is standard for the Building or approved by Landlord, so as to
permit uniformity of appearance to those viewing the Building from the outside; 
 15. engage or pay any employees on the demised premises
except those actually working for the Tenant in the demised premises, or advertise for laborers giving the demised premises as an address; 

16. obtain, permit or allow in the Building the purchase, or acceptance for use in the demised premises, by means of a service cart, vending
machine or otherwise, of any ice, drinking water, food, tobacco in any form, beverage, towel, barbering, boot blackening, cleaning, floor polishing or other similar items or services from any persons, except such persons, during such hours, and at
such places within the Building and under such requirements as may be determined by Landlord with respect to the furnishing of such items and services, provided that the charges for such items and services by such persons are not excessive;

 17. use, permit or allow any advertising or identifying sign which the Landlord shall have notified Tenant tends, in Landlord’s
judgment, to impair the reputation of the Building or its desirability as a building for offices; 
 18. close and leave the demised premises
at any time without closing all operable windows and, if requested by Landlord, turning out all lights; 
 19. permit entrance doors to the
demised premises to be left open at any time or unlocked when the demised premises are not in use; 
 20. encourage canvassing, soliciting or
peddling in any part of the Building or permit or allow the same in the demised premises; 
 21. use, or permit or allow any of its
employees, contractors, suppliers or invitees to use, any space or part of the Building, including the passenger elevators or public halls thereof, in the moving, delivery or receipt of safes, freight, furniture, packages, boxes, crates, paper,
office material or any other matter or thing, any hand trucks, wagons or similar items which are not equipped with such rubber tires, side guards and other safeguards which shall have been approved by Landlord or use any such hand trucks, wagons or
similar items in any of the passenger elevators; 
 22. cause or permit any food odors or any other unusual or objectionable odors to exist
in or emanate from the demised premises or permit any cooking or preparation of food except in areas approved by Landlord and in compliance with local ordinances; 

23. create or permit a public or private nuisance, by reason of noise, odors and/or vibrations or otherwise; 

24. throw or allow or permit to be thrown anything out of the doors, windows or skylights or down the passageways or stairways of the Building;

  
 - 2 - 

 25. lay vinyl asbestos tile or other similar floor covering so that the same shall come in
direct contact with the floor or in a manner or by means of such pastes or other adhesives which shall not have been approved by Landlord, it being understood that if linoleum or other similar floor covering is desired to be used, an interlining of
builder’s deadening felt shall be first affixed to the floor, by a paste or other material which is soluble in water, the use of cement or other similar adhesive material being expressly prohibited; 

26. use, allow or permit the passenger elevators to be used by Tenant’s working hands (persons in rough clothing handling packages,
cartons and shipments of material or mail) or persons carrying bulky packages or by persons calling for or delivering mail or goods to or from the demised premises, and Tenant shall cooperate with Landlord in enforcing this Rule on those making
deliveries to Tenant; 
 27. request any of Landlord’s agents, employees or contractors to perform any work, or do anything, outside of
their regular duties, unless previously approved by the Building manager; 
 28. invite to the demised premises or the Building, or permit
the visit of, persons in such numbers or under such conditions as unreasonably to interfere with the use and enjoyment of any of the plazas, entrances, corridors, arcades, escalators, elevators or other facilities of the Building by other occupants
thereof; 
 29. use, permit or allow the use of any fire exits or stairways for any purpose other than emergency use; 

30. employ any firm, person or persons to move safes, machines or other heavy objects into or out of the Building, without prior approval of
Landlord of such persons and the manner in which such items will be moved, which approval shall not be unreasonably withheld; 
 31. install
or use any machines or machinery of any kind whatsoever which may disturb any persons outside of the demised premises; 
 32. use the water
and wash closets or other plumbing fixtures for any purpose other than those for which they were constructed, and shall not allow or permit sweepings, rubbish, rags, or other solid substances to be thrown therein; 

33. install any carpeting or drapes, or paneling, grounds or other decorative wood products, in the demised premises, other than those wood
products considered furniture, which are not treated with fire-retardant materials and, in such event, shall submit, to Landlord’s reasonable satisfaction, proof or other reasonable certification, of the materials reasonably satisfactory fire
retardant characteristics; or 
 34. smoke or carry lighted cigars or cigarettes in the elevators of the building. 

II. Tenant shall: 
 1. pay
Landlord for any damages, costs or expenses incurred by Landlord with respect to the breach of any of the Rules and Regulations contained in or provided by this Lease by Tenant, or any of its servants, agents, employees, licensees or invitees, or
the misuse by Tenant, or any of the aforesaid, of any fixture or part of the demised premises or the Building and shall cause its servants, agents, employees, licensees and invitees to comply with the Rules and Regulations contained in or provided
for by this Lease; 
 2. upon the termination of this Lease, turn over to Landlord all keys; either furnished to, or otherwise procured by,
Tenant with respect to any locks used by Tenant in the demised premises or the Building and, in the event of the loss of any such keys, pay to Landlord the cost of procuring same; 

  
 - 3 - 

 3. subject to the provisions of Article 18 hereof, refrain from, and immediately upon
receipt of notice thereof, discontinue any violation or breach of the Rules and Regulations contained in or provided for by this Lease; 
 4.
request Landlord to furnish passes to persons whom Tenant desires to have access to the demised premises during times other than Business Hours and be responsible and liable to Landlord for all persons and acts of such persons for whom Tenant
requests such passes; 
 5. furnish artificial light and electrical energy (unless Landlord shall furnish electrical energy as a service
included in the rent) at Tenant’s expense for the employees of the Landlord or Landlord’s contractors while doing janitorial or other cleaning services or while making repairs or Alterations in the demised premises; 

6. apply at the office of the Building’s manager with respect to all matters and requirements of Tenant which require the attention of
Landlord, his agents or any of his employees; 
 7. pay Landlord reasonable charges for the installation and replacement of ceiling tiles
removed for Tenant by telephone installers or others in the demised premises and public corridors, if any; 
 8. purchase from Landlord or
Landlord’s designee, at Landlord’s option, all lighting tubes, lamps, bulbs and ballasts used in the demised premises and shall pay Landlord, or Landlord’s designee, as the case may be, reasonable charges for the purchase and
installation hereof; and 
 9. pay Landlord reasonable charges for the hiring or providing of security guards during times when Tenant, or
any subtenant of Tenant, is moving into or out of portions of the demised premises or when significant quantities of furniture or other materials are being brought into or removed from the demised premises. 

III. Landlord shall: 
 1. have the
right to inspect all freight objects or bulky matter (except printed matter) brought into the Building and to exclude from the Building all objects and matter which violate any of the Rules and Regulations contained in or provided for by this Lease;

 2. have the right to require any person leaving the demised premises with any package, or other object or matter, to submit a pass,
listing such package or object or matter, from Tenant; 
 3. in no way be liable to Tenant or any other party for damages or loss arising
from the admission, exclusion or rejection of any person or any property to or from the demised premises or the Building under the provisions of the Rules and Regulations contained in or provided for by this Lease; 

4. have no liability or responsibility for the protection of any of Tenant’s property as a result of damage or the unauthorized removal of
any such property resulting wholly or in part from Landlord’s failure to enforce, in any particular instance, or generally, any of Landlord’s rights; 

5. have the right to require all persons entering or leaving the Building, during hours other than Business Hours, to sign a register and may
also exclude from the Building, during such hours, all persons who do not present a pass to the Building signed by Landlord; 
 6. furnish
passes to persons for whom Tenant requests same; 

  
 - 4 - 

 7. have the right to control and operate the public portions of the Building and the public
facilities, as well as facilities furnished for the common use of other occupants, of the Building; and 
 8. have the right to remove any
violation of Paragraph I items 2, 3, 4, 5, 6 or 7 of these Rules and Regulations without any right of Tenant to claim any liability against Landlord, and have the right to impose a reasonable charge against Tenant for removing any such violation or
repairing any damages resulting therefrom. 

  
 - 5 - 

			
	

	  	

 Brian D. Lee 
 Principal

 Lease Abstract – First Amendment to Lease 
  

			
	Address:	  	26 Broadway, 23rd Floor, New York, New York
		
	Landlord:	  	Broadway 26 Waterview LLC
		
	Tenant:	  	MOBO Systems, Inc. d.b.a. OLO

 Current Lease Information: 
  

			
	Lease Execution:	  	January 12, 2016
		
	Expiration Date:	  	April 30, 2023
		
	Commencement Date:	  	Upon the later of (i) mutual execution and delivery of Lease Documents and substantial completion of Landlord’s work or (ii) not earlier than the Q1 2016.
		
	Free Rent:	  	Three (3) Months*
		
	Lease Type:	  	First Amendment to Lease
		
	Rentable Sq. Ft:	  	7,370 square feet
		
	Total Term:	  	7 Years and 3 Months
		
	 Security Deposit:
 Page 12, #15
	  	$165,825.00 – Check #1722, dated 1/14/16
		
	 First Months Pre-Paid Rent:

Page 12, #15
	  	$27,637.50 – Check #1723, dated 1/14/16
		
	 Tenant Work Letter Cost:
 Exhibit B-1, #18
	  	$35,000.00 – Check# 1721, dated 1/14/16

 Remaining Obligation Information: 

Basic Rental Schedule 
  

													
	 Lease Year
	  	Annual Basic
Rent	 	  	PSF	 	  	Monthly
Rent	 
	 Expansion Space Commencement Date to and including the day immediately preceding the (1) year
anniversary of expansion space commencement date*
	  	$	331,650.00	 	  	$	45.00	 	  	$	27,637.50	 
	 1
	  	$	340,770.38	 	  	$	46.23	 	  	$	28,397.53	 
	 2
	  	$	350,141.56	 	  	$	47.50	 	  	$	29,178.46	 
	 3
	  	$	359,770.45	 	  	$	48.81	 	  	$	29,980.87	 
	 4
	  	$	399,144.14	 	  	$	54.15	 	  	$	33.262.01	 
	 5
	  	$	410,120.60	 	  	$	55.64	 	  	$	34,176.72	 
	 6
	  	$	421,398.92	 	  	$	57.17	 	  	$	35,116.58	 
	 7
	  	$	432,987.39	 	  	$	58.74	 	  	$	36,082.28	 

  

	*	 So long as no default by Tenant under the Lease, Tenant shall be entitled to a
one-time nonrecurring rent credit in the amount of $82,912.50 to be applied against the Expansion Space Fixed Rental due commencing on the Expansion Space Commencement Date and continuing thereafter until
exhausted. 

 290 Broadhollow Road, Suite 103E, Melville, NY 11747 T 631.673.0888 T 631.424.4800 F 631.673.0830 

blee@newmarkkf.com, www.newmarkkf.com 

 Lease Clause Information: 

 

			
	Lease Clause Type	  	Comments
		
	 Electric:
 Page 5, #7
	  	Sub-metered as per existing lease.
		
	 Escalations:
 Page 5, #6
	  	 Real Estate Taxes – Tenant shall pay their pro rata share of increases in the Building’s Real Estate Taxes above a 2016
calendar base year for the expansion space only existing space to base years to remain.
  

Operating Expenses – As per existing Lease, in lieu of any operating expenses, Tenant shall pay a pay a fixed annual increase of 2.75% per annum in
the rental rate commencing twelve (12) months after lease commencement.

		
	 Insurance:
 Page 6, #9
	  	Prior to the Expansion Space Commencement Date, Tenant shall obtain insurance (“Expansion Space Insurance”) with minimum limits of liability applicable exclusively to the Expansion Space of a combined single limit with
respect to each occurrence of not less than $6,000,000.
		
	 Landlord’s Base Building Work:
 Page 7,
#10
	  	Landlord, at Landlord’s sole cost and expense, shall provide fully code compliant space which shall include but not be limited to the following work: Landlord shall provide the same base building work as was stated in the
original lease at no additional cost to Tenant.
		
	HVAC	  	As per existing Lease.
		
	Cleaning and Carting	  	As per existing lease.
		
	 Signage:
 Page 14, #18
	  	Tenant shall be able to place its signage on the entry door/lobby to Premises including Subtenant Licensee, if any.
		
	 Conduit:
 Page 14, #17
	  	Landlord to allow Tenant to provide conduits for Tenant’s telecommunications provider, if required, without additional access cost to Tenant between the 23rd and 24th floors. Please confirm if space is available as we obviously need to connect the floors to for IT purposes.

  
 

 

 FIRST AMENDMENT TO LEASE 

THIS FIRST AMENDMENT TO LEASE (“Agreement”) is made as of the 12th day of January, 2016, by and between BROADWAY 26 WATERVIEW LLC,
having an address c/o Newmark Grubb Knight Frank, 125 Park Avenue, New York, New York 10017 (“Landlord”), and MOBO SYSTEMS, INC. d.b.a. OLO, having an address at 26 Broadway, 24th Floor, New York, New York 10004 (“Tenant”). 

WITNESSETH: 
 Landlord and
Tenant are, respectively, the current landlord and the current tenant under that certain agreement of lease dated as of March 14t\ 2014 (the “Lease”) covering the entire rentable portion of the twenty-fourth (24th) floor as more fully
described in the Lease, (the “Existing Premises”) of the building known as 26 Broadway, New York, New York (the “Building”). 

Landlord and Tenant wish to modify the Lease so as (i) to add to the premises demised thereunder the entire rentable portion of the
twenty-third (23rd) floor of the Building, and. (ii) to make various other modifications thereto, all in accordance with the terms and conditions hereinafter set forth. 

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency whereof are hereby
acknowledged, the parties hereto hereby agree as follows: 
 1. Expansion of Premises. Effective as of the Expansion
Space Commencement Date (defined below), Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the entire rentable p011ion of the (23rd floor of the Building which is generally
depicted on Exhibit A attached hereto (the “Expansion Space”), on the same terms 

  
 - 1 - 

 
and conditions (except as otherwise set forth herein) as are set forth in the Lease. From and after the Expansion Space Commencement Date through and including the Expansion Space Expiration Date
(hereafter defined), (i) the premises demised under the Lease shall be comprised of the Existing Premises and the Expansion Space, and (ii) all references to the term “Premises” or “Demised Premises” in the Lease shall
include the Existing Premises and the Expansion Space. 
 2. Expansion Space Commencement Date. Subject to the second sentence
of this Article 2, the Expansion Space shall be deemed to be included in the Premises on the earliest to occur of: (i) the date that Landlord delivers the Expansion Space to Tenant with Landlord’s Expansion Space Work (hereafter defined)
substantially completed in accordance with the terms hereof, (ii) the date on which Landlord’s Expansion Space Work would have been substantially completed but for Tenant’s Delay (as defined in Section 42.2 of the Lease) or,
(iii) the date Tenant or anyone claiming under or through Tenant first occupies the Expansion Space for the conduct of its business (the “Expansion Space Commencement Date”). Notwithstanding the foregoing, in no event shall the
Expansion Space Commencement Date occur prior to January I, 2016. Substantial completion of Landlord’s Expansion Space Work shall be determined in accordance with Section 42.1 of the Lease (subject to the same standard that applied with
respect to Landlord’s Work to the Existing Premises i.e. when (A) all major items of construction have been substantially completed, (B) the heating, A/C System, plumbing, mechanical (if any) and electrical systems serving the
Expansion Space are all in working order, and (C) the Expansion Space is accessible and reasonably usable, notwithstanding (in the case of subsections (A), (B) and/or (C)) the fact (i) that minor or insubstantial details of construction,
mechanical adjustment or decoration remain to be performed, the non-completion of which do not materially interfere with Tenant’s use of the Expansion Space, and (ii) that Landlord’s Expansion
Space Work has been substantially completed except for portions thereof which shall be completed upon the completion of Tenant’s work (including, without limitation, Additional Work)). 

  
 - 2 - 

 3. Expansion Space Expiration Date. The Expansion Space Expiration Date shall
be the last day of the third (3rd) full calendar month following the month in which occurs the seven (7) year anniversary of the Expansion Space Commencement Date (the “Expansion Space
Expiration Date”). 
 4. Fixed Rental for Expansion Space. Commencing on the Expansion Space Commencement Date and
continuing thereafter until the Expansion Space Expiration Date, (the period between and including the Expansion Space Commencement Date and the Expansion Space Expiration Date is hereafter referred to as the “Expansion Space Term”),
Tenant shall pay to Landlord, in accordance with the terms of the Lease, in addition to the Fixed Rental and Additional Rental for the Existing Premises set forth in the Lease and this Agreement, fixed rent for the Expansion Space
(“Expansion Space Fixed Rental”) in the amounts and at the rates set forth below: 
  

									
	 Time Period
	  	Monthly Expansion
Space Fixed Rental	 	  	Expansion Space Fixed
Rental Per Annum	 
	 Expansion Space Commencement Date to and including the day immediately preceding the one
(1) year anniversary of the Expansion Space Commencement Date*
	  	$	27,637.50	 	  	$	331,650.00	 
	 One (1) year anniversary of the Expansion Space Commencement Date to and including the day
immediately preceding the two (2) year anniversary of the Expansion Space Commencement Date
	  	$	28,397.53	 	  	$	340,770.38	 

  
 - 3 - 

									
	 Time Period
	  	Monthly Expansion
Space Fixed Rental	 	  	Expansion Space Fixed
Rental Per Annum	 
	 Two (2) year anniversary of the Expansion Space Commencement Date to and including the day
immediately preceding the three (3) year anniversary of the Expansion Space Commencement Date
	  	 $
	 29,178.46
	  
	  	 $
	 350,141.56
	  

	 Three (3) year anniversary of the Expansion Space Commencement Date to and including the day
immediately preceding the four (4) year anniversary of the Expansion Space Commencement Date
	  	 $
	 29,980.87
	  
	  	 $
	 359,770.45
	  

	 Four (4) year anniversary of the Expansion Space Commencement Date to and including the day
immediately preceding the five (5) year anniversary of the Expansion Space Commencement Date
	  	 $
	 33,262.01
	  
	  	 $
	 399,144.14
	  

	 Five (5) year anniversary of the Expansion Space Commencement Date to and including the day
immediately preceding the six (6) year anniversary of the Expansion Space Commencement Date
	  	 $
	 34,176.72
	  
	  	 $
	 410,120.60
	  

	 Six (6) year anniversary of the Expansion Space Commencement Date to and including the day
immediately preceding the seven (7) year anniversary of the Expansion Space Commencement Date
	  	 $
	 35,116.58
	  
	  	 $
	 421,398.92
	  

	 Seven (7) year anniversary of the Expansion Space Commencement Date to and including the Expansion
Space Expiration Date
	  	 $
	 36,082.28
	  
	  	 $
	 432,987.39
	  

  

	*	 Notwithstanding the foregoing, so long as no default by Tenant under the Lease or this Agreement has occurred
and is continuing beyond the expiration of any applicable notice and cure periods, Tenant shall be entitled to a one-time, nonrecurring rent credit in the amount of $82,912.50 to be applied against the
Expansion Space Fixed Rental due commencing on the Expansion Space Commencement Date and continuing thereafter until exhausted. The above rent credit shall not be applied against any Additional Rental, electricity charges or other like sums from
time to time payable by Tenant pursuant to the Lease or this Agreement. Tenant shall not be entitled to the rent credit in Section 40.2 of the Lease or any other credits referenced in the

  
 - 4 - 

	 	
Lease with respect to the Expansion Space. Also notwithstanding the foregoing, the first monthly installment of Expansion Space Fixed Rental shall be paid by wired funds or certified official
bank check simultaneously with Tenant’s execution and delivery of this Agreement. So long as Tenant is not in default hereunder or under the Lease beyond the expiration of any applicable notice grace and/or cure periods at the time that the
Expansion Space Fixed Rental becomes due and payable, the payment made on this date shall be applied to the first installment of Expansion Space Fixed Rental due after application of the above credit; otherwise, the same shall be applied to the
damages, if any, to which Landlord is entitled upon Tenant’s breach of the Lease or this Agreement. 

 5. Use.
Tenant may use the Expansion Space only for general and executive office use and for no other purpose. 
 6. Escalations For Increase
In Real Estate Taxes. During the Expansion Space Term, Tenant shall pay Tenant’s Proportionate Share of real estate taxes for the Existing Premises and the Expansion Space. For the purposes of calculating taxes for the Expansion Space
only, the “Tenant’s Proportionate Share” (as that term is used in Article 44 of the Lease) shall be 1.14%, and the “Base Tax” (as such term is used in Article 44 of the Lease) shall mean the Taxes payable in the calendar
year commencing January 1, 2016 and ending December 31, 2016 (such calendar year being hereinafter referred to as the “Base Tax Year”), which Base Tax amount shall be determined by dividing (a) the sum of (i) the
determination of Taxes for the New York City real estate tax year commencing July 1, 2015 and ending June 30, 2016, and (ii) the determination of Taxes for the New York City real estate tax year commencing July 1, 2016 and ending June 30, 2017,
by (b) two (2). For the sake of ce1tainty, nothing contained herein shall modify or limit Tenant’s real estate tax obligations with respect to the Existing Premises. 

  
 - 5 - 

 7. Electricity. 

Article 52 of the Lease shall apply with respect to electric current in the Expansion Space. Electricity shall therefore initially be furnished
to the Expansion Space by Landlord to Tenant on a “submetering” basis in accordance with Section 52.2 of the Lease. For the sake of ce1iainty, Landlord shall also therefore have the right to terminate the furnishing of electricity to
the Expansion Space on a submetering basis pursuant and subject to Section 52.4 of the Lease. Also for the sake of certainty, nothing contained herein shall modify or limit Tenant’s obligation to pay for electricity with respect to the
Existing Premises. 
 8. Non-Recurring Additional Rental for Expansion Space; Same
Terms in General. Except as expressly set forth herein, all of Tenant’s non-recurring Additional Rental obligations under the Lease with respect to the Existing Premises (including, without
limitation, Tenant’s indemnification obligations) shall also apply with respect to Tenant’s lease of the Expansion Space. Also, for the sake of certainty, Tenant’s lease of the Expansion Space is on all of the same terms and
conditions (except as otherwise set forth in this Agreement) as are set forth in the Lease. Without limiting the generality of the foregoing, Landlord shall be entitled to all of the same rights and remedies in the event of Tenant’s failure to
timely pay Expansion Space Fixed Rental or Additional Rental for the Expansion Space as are available to Landlord in the event of Tenant’s failure to timely pay Fixed Rental and Additional Rental for the Existing Premises. 

9. Insurance. Prior to the Expansion Space Commencement Date Tenant shall obtain insurance (“Expansion Space Insurance”) with
minimum limits of liability applicable exclusively to the Expansion Space of a combined single limit with respect to each occurrence of not less than $6,000,000 (or in any increased amount (or in the form of an umbrella liability policy for
“excess” liability coverage) required by Landlord in the exercise of Landlord’s commercially reasonable discretion). The provisions of Article 51 of the Lease shall apply to the Expansion Space Insurance and to this Agreement.
Notwithstanding the foregoing, nothing in this Article or this Agreement shall at all amend, alter or change Article 51 of the Lease as it applies to the Lease and the Existing Premises. The Expansion Space Insurance shall therefore be in
addition to the insurance requirements set forth in the Lease and the insurance requirements set forth in the Lease shall not in any way be reduced by this Agreement. 

  
 - 6 - 

 10. Landlord’s Expansion Space Work. Tenant has thoroughly examined the
Expansion Space and is fully familiar with the condition thereof, and, except as specifically set forth in this Agreement, neither Landlord nor Landlord’s agents have made any representations, warranties or promises, either express or implied,
with regard to the physical condition of the Building, or the Expansion Space, the use or uses to which the Expansion Space may be put, or the condition of any mechanical, plumbing, electrical, flue, ventilation or exhaust systems servicing the
Expansion Space. It is expressly understood that Landlord shall not be liable for any latent or patent defects in the Expansion space. Tenant agrees to accept the Expansion Space “as is” and in such condition as the same may be in at the
Expansion Space Commencement Date, and, except for the work set fmih on Exhibit B to this Agreement, Landlord shall not be obligated or required to do any work or to make any alterations or decorations or install any fixtures, equipment or
improvements or make any repairs or replacements to or in the Expansion Space to prepare or fit the same for Tenant’s use or for any other reason whatsoever. Unless specifically agreed otherwise, all Landlord’s Expansion Space Work shall
be of material, design, finish and color of the Building standard adopted from time to time by Landlord (but in no event of material, design, finish or color that is a lesser quality or standard than Landlord’s Work that was performed to the
Existing Premises). The installations, facilities, materials and work so to be furnished, installed and performed in the Expansion Space by Landlord are hereinafter and in Exhibit B referred to as “Landlord’s Expansion Space Work.”
Landlord’s Expansion Space Work shall in no event be of a lesser quality or standard than Landlord’s Work that was performed to the Existing Premises. Except as expressly set forth in Exhibit B, Landlord’s Expansion Space Work shall
be performed at Landlord’s sole cost and expense. Without limiting the generality of the foregoing, Landlord shall be responsible for Landlord’s architectural and engineering fees in connection with the performance of Landlord’s
Expansion Space Work. Tenant shall not be responsible for any violations or mechanics liens against the Premises or the Building caused solely by the performance of Landlord’s Expansion Space Work. Excluding Landlord’s Expansion Space
Work, all installations, facilities, materials and work which may be undertaken by or for the account of Tenant to prepare, equip, decorate and furnish the Expansion Space for Tenant’s occupancy (including, without limitation, any Additional
Work (as defined in Exhibit B to the Lease), shall be at Tenant’s expense. In the event specific locations or dimensions are not provided for the furnishing or installation of any particular item of Landlord’s Expansion Space Work, the
judgment of Landlord reasonably exercised shall be binding on Tenant. In no event shall Landlord be required to provide any material, work or installation not specifically described or included in Landlord’s Expansion Space Work. 

  
 - 7 - 

 Notwithstanding anything contained in this Article 10, in the event that (i) there is a
violation of law or a violation of a regulation which in either case exists on the date of this Agreement and affects the Expansion Space (and therefore said violation is not caused in whole or in pati by Tenant), (ii) said violation results in a
New Yark City agency or other governmental agency issuing a written order (“Order”), (iii) the Order by its express terms prohibits Tenant from taking occupancy of the Expansion Space or from conducting Tenant’s business as expressly
permitted by the Lease as amended by this Agreement at the Expansion Space, and (iv) Tenant is not then in default beyond the expiration of any applicable notice and cure periods, then, as Tenant’s sole and exclusive remedy (other than the
abatement of Expansion Space Fixed Rental and Additional Rental for the Expansion Space to the extent expressly provided below), either (a) Landlord shall, at Landlord’s sole cost and expense, cure said violation or take other remedial
measures so that the Order no longer by its express terms prohibits Tenant from taking occupancy of the Expansion Space or from conducting Tenant’s business as expressly permitted by the Lease as amended by this Agreement at the Expansion
Space, or (b) Landlord shall terminate Tenant’s lease of the Expansion Space (but not Tenant’s lease of the Existing Premises) by providing written notice to Tenant (“Landlord’s Order Termination Notice”) in which case
Tenant’s lease of the Expansion Space shall terminate as of the date of Landlord’s Order Termination Notice as if the said date were the date originally fixed herein for the termination of Tenant’s lease of the Expansion Space and
Landlord shall promptly refund to Tenant (I) any Expansion Space Fixed Rental and Additional Rental for the Expansion Space that (because of the abatement set forth below) never became due under this Agreement, and (II) the Expansion Space
Security Deposit (as hereafter defined) (but only to the extent in the case of (I) and (II) same was actually paid to Landlord by Tenant). Notwithstanding the foregoing, Landlord may only elect to terminate Tenant’s lease of the Expansion
Space pursuant to this paragraph if it is not possible with commercially reasonable efforts to cure or take such other remedial action pursuant to subsection (a) above. If the conditions set forth in subsections (i)-(iv) above are all satisfied
and Tenant actually ceases conducting business in the Expansion Space and vacates the Expansion Space, and Tenant provides Landlord with written notice thereof (“Vacate Notice”), then all Expansion Space Fixed Rental and Additional Rental
for the 

  
 - 8 - 

 
Expansion Space (but not for the Existing Premises) shall abate beginning on the third (3rd Business Day after Landlord receives the Vacate
Notice and continuing thereafter until the third (3rd) Business Day after Landlord has taken the remedial measures described in subsection (a) above and has provided Tenant with written
notice thereof (“Rent Resumption Notice”). Notwithstanding the foregoing, Tenant shall not re-enter the Expansion Space or resume conducting Tenant’s business in the Expansion Space between the
date that Tenant provides the Vacate Notice and the date that Tenant receives the Rent Resumption Notice. For the sake of certainty, nothing contained in this paragraph shall affect Tenant’s lease of the Existing Premises or Tenant’s
obligations with respect to the Existing Premises (including, without limitation, Tenant’s obligations to pay all Fixed Rental and Additional Rental for the Existing Premises). 

11. Plan Approval Date/Delay in Expansion Space Commencement Date. 

 

	 	(A)	 The “Plan Approval Date” shall mean the date that is the later to occur of the following:
(i) the Plans have been filed to the extent required to be filed with the Department of Buildings of the City of New York and any other authorities having jurisdiction thereof, and (ii) Landlord has obtained any and all required
governmental and quasi-governmental approvals of the Plans so that the work described therein can be lawfully performed. 

  

	 	(B)	 Section 42.5 of the Lease shall apply with respect to this Agreement except that (i) all references
in Section 42.5 to the “Rent Commencement Date” shall be deemed deleted and replaced with the “Expansion Space Commencement Date”, (ii) the reference in Section 42.5 to “$737.00” shall be deemed deleted and
replaced with 

  
 - 9 - 

	 	
“$921.25” and (iii) the reference in Section 42.5 to Tenant’s right to terminate the Lease (provided Tenant qualifies for the “Tenant’s No Commencement
Termination Right”) shall be deemed to mean only that Tenant can terminate its Lease of the Expansion Space (provided Tenant qualifies for the “Tenant’s No Commencement Termination Right” pursuant to this paragraph) and Tenant
shall not have any right pursuant to this paragraph to terminate its lease of the Existing Premises. 

 12. Extension of
Term with respect to Existing Premises. The parties hereby extend the term of the Lease with respect to the Existing Premises so that the expiration date of the Lease with respect to the Existing Premises shall be the Expansion Space
Expiration Date. Such extension is on all of the same terms and conditions set forth in the Lease. All references in the Lease to the term Expiration Date, whether or not capitalized, shall therefore be deemed to mean the Expansion Space Expiration
Date. 
 13. Continuing Lease Obligations. Tenant shall continue to pay Fixed Rental and Additional Rental for the
Existing Premises, and perform all of its other obligations with respect to the Existing Premises, pursuant to the terms of the Lease, as amended hereby, through the Expiration Date (as extended hereby). 

14. Brokers. Tenant represents and warrants to Landlord that it neither consulted nor negotiated with any broker or finder with
respect to this Agreement, or Tenant’s lease of the Expansion Space pursuant to the terms of this Agreement except for Newmark Grubb Knight Frank (“Broker”) who shall be paid by Landlord pursuant to Landlord’s separate agreement
with Broker. Tenant agrees to indemnify and hold Landlord harmless from any 

  
 - 10 - 

 
damages, liabilities, settlement payments, costs and expenses (including, without limitation, reasonable attorneys’ fees incurred in defending an action or claim or enforcing this indemnity)
suffered, incurred or paid by Landlord by reason of any claim or action for a commission or other compensation by any broker or other entity or person other than Broker who claims to have dealt with Tenant in connection with this Agreement, or
Tenant’s lease of the Expansion Space pursuant to the terms of this Agreement. The provisions of this Article shall survive the expiration or earlier termination of the Lease and this Agreement. 

15. Security. The provisions of Article 34 and Article 56 of the Lease shall apply to the Expansion Space and to this Agreement
except as expressly hereinafter set forth: upon submission to Landlord of this signed Agreement, Tenant shall deposit with Landlord an additional deposit of $165,825.00 (the “Expansion Space Security Deposit”). In lieu of depositing cash
for the Expansion Space Security Deposit, Tenant may deposit as security with Landlord, a clean, irrevocable and unconditional letter of credit in the amount of $165,825.00 in accordance with the provisions of Article 56 of the Lease. 

Subject to Tenant’s satisfaction of the conditions set forth in Article 56 of the Lease, Tenant shall be entitled to reduce the Expansion
Space Security in accordance with Article 56 of the Lease except that (i) any reference in Article 56 to the “Rent Commencement Date” shall be deemed to mean the “Expansion Space Commencement Date” and (ii) (a) any
reference in Article 56 to “$110,550.00” shall be deemed to mean $138,187.50” and (b) any reference in Article 56 to “$88,440.00” shall be deemed to mean “$110,550.00”. 

Notwithstanding the foregoing, nothing in this Article or this Agreement shall at all amend, alter or change Article 34 or Article 56 of the
Lease as it applies to the Lease and the Existing Premises. The Expansion Space Security Deposit shall therefore be in addition to the security deposit set forth in the Lease and the security deposit set forth in the Lease shall not in any
way be reduced by this Agreement. 

  
 - 11 - 

 16. Emergency Stairs. Subject to all of the following terms and conditions,
Tenant shall have the right to use Stairway F of the Building: (i) Stairway F is not part of the Premises but rather is a common area of the Building usable by Landlord, Tenant and other tenants and occupants of the Building on a non-exclusive basis, (ii) Tenant may only use Stairway F in accordance with applicable law and Tenant shall not be permitted to store any items on any portion of Stairway For in any way prevent or interfere
with others’ use of any portion of Stairway F, (iii) Tenant’s obligations to indemnify Landlord under the Lease and this Agreement shall apply and extend to Tenant’s use of Stairway F (and said indemnification obligations shall
survive the expiration or sooner termination of the Lease as amended by this Agreement), (iv) Tenant’s insurance coverage required under the Lease and this Agreement shall apply and extend to Stairway F, (v) Landlord shall have no
obligation as a result of this Article to safeguard the Premises or Tenant’s personal property in the Premises and Landlord shall have no liability whatsoever in the event that the Premises or Tenant’s personal property are damaged or
Tenant’s personal property is stolen, or in the event of personal injury within the Premises as a result of this Article, (vi) Tenant shall, at Tenant’s sole cost and expense, take all reasonable action permitted by applicable law to
safeguard Tenant’s personal property, persons within the Premises, and the Premises itself, including, without limitation, to the extent permitted by applicable law, installing self-closing/self-latching doors to Stairway F on the 23rd and 24th floors (vii) except if solely caused by Landlord’s (or its managing agent’s, contractor’s or employee’s)
negligence or willful misconduct, Landlord shall have no liability for injuries suffered within Stairway F that arise from Tenant’s use of Stairway F, (viii) Landlord makes no representation or warranty whatsoever as to

  
 - 12 - 

 
whether Stairway F is usable for any purpose and the Lease as amended by this Agreement and Tenant’s obligations under the Lease as amended by this Agreement are in no way conditioned upon
Tenant’s ability to use Stairway F, and (ix) to the extent permitted by applicable law, Landlord reserves the right to limit or prohibit Tenant’s access to Stairway F if required by applicable law, if Tenant fails to timely fulfill
Tenant’s obligations under this Agreement beyond the expiration of any applicable notice and cure periods, or to the extent necessary during the performance of any work that Landlord elects to perform to Stairway F. 

17. Conduit. Tenant shall be permitted to at Tenant’s sole cost and expense and subject to and in compliance with the alterations
provisions of the Lease, install telecom conduit between the 23rd and 24th floors of the Building. In connection therewith, Tenant shall be
permitted to at Tenant’s sole cost and expense drill a hole between the 23rd and 24th floors of the Building of a size, in a location, and
in a manner approved in writing by Landlord, such approval not to be unreasonably withheld, conditioned or delayed. Landlord represents and warrants that space is available for Tenant’s installation of conduit (which installation is subject and
pursuant to this Article 17). 
 18. Signage; Directory Listings. Landlord shall not unreasonably withhold, condition or
delay Landlord’s consent to any signage that Tenant desires to place in the elevator lobby adjacent to the entry door to the Premises on the twenty-third (23rd) floor and twenty-fourth (24th)
floor of the Building, provided and on condition that (i) such signage is purchased and installed by Tenant at Tenant’s sole cost and expense, (ii) such signage complies with applicable law, and (iii) Landlord has no
responsibility whatsoever for safeguarding such signage. Landlord shall reasonably cooperate at no additional cost to Landlord in connection with Tenant’s obtaining and erecting such signage. Such cooperation shall include Landlord’s 

  
 - 13 - 

 
execution of any documents required in connection therewith provided and only on condition that (x) such documents do not contain any information that is false or untrue,
(y) Landlord’s execution of such documents do not affect Landlord’s rights or remedies under this Lease, in equity or under applicable law, and (z) Landlord incurs no additional cost or obligation as a result of such execution.
Landlord’s approval of any signage and Landlord’s cooperation as set forth above shall be without any representation or warranty to Tenant or to any third party with respect to the adequacy, correctness or efficiency thereof, its
compliance with law or otherwise. Tenant shall, at Tenant’s sole cost and expense, obtain any and all governmental and quasi-governmental approvals, permits and licenses required for such signage. This Lease and Tenant’s obligations
hereunder are in no way conditioned on Tenant obtaining such approvals, permits, and/or licenses and Landlord makes no representation as to whether same may be obtained. 

Landlord shall, at no cost to Tenant, provide Tenant with Tenant’s Proportionate Share of (but no less than two (2)) directory listing(s)
in the Building directory in the lobby of the Building. If, at the request of and as an accommodation to Tenant, Landlord shall place upon such directory board one or more names of persons, firms or corporations other than Tenant, this shall not be
deemed to operate as a consent by Landlord to an assignment or subletting by Tenant of all or any portion of the Premises to such persons, firms or corporations. 

19. Lease in Effect; Representations. As modified by this Agreement, all of the terms and provisions of the Lease (including,
without limitation, all of Landlord’s and Tenant’s respective rights and obligations) are hereby ratified and confirmed and shall continue in full force and effect. Tenant represents and wanants that: (a) the Lease is in full force
and 

  
 - 14 - 

 
effect, (b) the Lease has not been assigned or encumbered by Tenant and the Existing Premises have not been sublet, (c) Tenant knows of no defense or counterclaim to the enforcement of
the Lease, and (d) to the best of Tenant’s knowledge, neither Landlord nor Tenant is in default under any of its obligations under the Lease beyond the expiration of any applicable notice, grace and/or cure periods. 

20. Counterparts; Captions. This Agreement may be executed in any number of counterparts, and each of which when so
executed shall be deemed an original, and all of which, taken together, shall constitute one and the same instrument. The section headings set forth in this Agreement are for convenience of reference only, and do not define, limit or construe the
contents of such sections. 
 21. Prior Negotiations. This Agreement supersedes all prior negotiations, representations,
understandings and agreements of, by or between Landlord and Tenant with respect to the subject matter hereof, all of which shall be deemed fully merged herein. 

22. Submission of Agreement. Submission of this Agreement by Landlord to Tenant for examination and/or execution shall not in any
manner bind Landlord, and no obligation or liability on Landlord shall arise under this Agreement unless and until this Agreement is fully signed and delivered by Landlord and Tenant. 

23. Miscellaneous. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective legal
representatives, successors and permitted assigns. 
  

	 	(a)	 Landlord and Tenant agree that this Agreement shall not be recorded. 

  
 - 15 - 

	 	(b)	 This Agreement, together with the Lease, constitutes the entire Agreement of the parties hereto with respect to
the matters stated herein, and may not be amended or modified unless such amendment or modification shall be in writing and shall have been signed by the party against whom enforcement is sought. 

 

	 	(c)	 This Agreement shall be construed and governed by the laws of the State of New York. 

 

	 	(d)	 No waiver by either party of any failure or refusal by the other party to comply with its obligations hereunder
shall be deemed a waiver of any other or subsequent failure or refusal to so comply. 

  

	 	(e)	 Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in
the Lease. 

 24. Invalidity. If any provision of this Agreement shall be invalid or unenforceable, the
remainder of this Agreement or the application of such provision other than to the extent that it is invalid or unenforceable shall not be affected, and each provision of this Agreement shall remain in full force and effect notwithstanding the
invalidity or unenforceability of such provision, but only to the extent that application and/or enforcement, as the case may be, would be equitable and consistent with the intent of the parties in entering into this Agreement. 

  
 - 16 - 

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

			
	LANDLORD:
	BROADWAY 26 WATERVIEW LLC
		
	By:	 	 /s/ Michael Chetrit 

		 	Name: Michael Chetrit 
		 	Title: Authorized Signatory
	
	TENANT:
	MOBOSYSTEMS, INC. d.b.a. OLD
		
	By:	 	 /s/ Matthew Tucker

		 	Name: Matthew Tucker
		 	Title: COO

  
 - 17 - 

 EXHIBIT A 

DESCRIPTION OF EXPANSION SPACE 

 EXHIBIT B 

LANDLORD’S EXPANSION SPACE WORK 

I) Perform the work described in the Plans (as defined in Note C below). 

Landlord shall only be obligated to perform the items that are set forth above on this Exhibit B. All other items are not Landlord’s Expansion Space Work
and shall not be performed by Landlord. Such other items may be performed by Tenant pursuant to Article 67 of the Lease. 
 UNLESS
SPECIFICALLY INDICATED OTHERWISE, ALL LANDLORD’S EXPANSION SPACE WORK SHALL BE OF MATERIAL, DESIGN, FINISH AND COLOR OF THE BUILDING STANDARD ADOPTED FROM TIME TO TIME BY LANDLORD (BUT IN NO EVENT OF MATERIAL, DESIGN, FINISH OR COLOR THAT IS A
LESSER QUALITY OR STANDARD THAN LANDLORD’S WORK THAT WAS PERFORMED TO THE EXISTING PREMISES). 
 Notes: 

 

	A.	 All work shall be performed, furnished, installed, and provided by or through contractors and suppliers of
Landlord’s choice. 

  

	B.	 All materials shall be as specified subject to availability and/or equivalent. 

 

	C.	 With respect to item I above, “Plans” shall mean the combination of Plans and Work Letter for
Landlord’s Expansion Space Work attached hereto as Exhibit B-1. Any work to ready the Premises for Tenant’s occupancy of the Expansion Space that is not included in the Plans shall be deemed
“Additional Work”. With respect to Additional Work all of the following shall apply: (i) Additional Work shall not be deemed part of the Plans and therefore (a) shall not be included in Landlord’s Expansion Space Work, and
(b) shall not be a condition predicate to the Expansion Space Commencement Date, (ii) Landlord shall have no responsibility whatsoever for the payment of, performance of, or quality or workmanship of Additional Work, its compliance with
law, or otherwise, (iii) all Additional Work shall be performed by Tenant at Tenant’s sole cost and expense, and Tenant shall also have sole responsibility for filing any required plans and obtaining any required permits and governmental
approvals for the performance of Additional Work, (iv) all Additional Work shall be deemed Tenant’s Changes and shall be subject to all of 

	 	
the requirements of Article 67 of the Lease (including, without limitation, Landlord’s consent requirement, if applicable), (v) Additional Work may be performed prior to the Rent
Commencement Date subject to all of the provisions of Section 42.4 of the Lease, and (vi) if any Additional Work (including, without limitation, the proposal, plan filing and/or performance thereof) or other action done by or on behalf of
Tenant results in a stoppage of or interference with Landlord’s Work, and Tenant does not immediately cease such interference upon notice (which may be oral, written or by electronic mail) to Tenant so that Landlord’s Expansion Space Work
may be resumed or continued without such interference, then any continuation of such stoppage or interference shall constitute a Tenant’s Delay. 

  

	D.	 In the event of any conflict between Exhibit B and Exhibit B-1, Exhibit
B-1 shall control. 

  

	E.	 (i) Any request for modification to the Plans shall be subject to Landlord’s prior written consent,
(ii) any time spent by Landlord because of any such request for modification shall be deemed a Tenant’s Delay (irrespective of whether Landlord accepts said modification), (iii) any actual and out-of-pocket third party costs incurred by Landlord because of any such request for modification (irrespective of whether Landlord accepts said modification) shall be due and payable by Tenant to Landlord as
Additional Rental within ten (10) days after Landlord’s written demand, and (iv) if Landlord consents to such modification, (a) any work included in said modification shall be deemed “Modification Work” and shall be
performed by Landlord as part of Landlord’s Expansion Space Work but at Tenant’s sole cost and expense (payable by Tenant to Landlord as Additional Rental within ten (10) days after Landlord’s written demand), and (b) any
additional time spent by Landlord performing Modification Work (ie. beyond what Landlord would have spent if not for the Modification Work) shall be deemed a Tenant’s Delay. 

 EXHIBIT B-1 

PLANS AND WORK LETTER FOR LANDLORD’S EXPANSION SPACE WORK 

 New Building Standard 

Work letter 
 26 Broadway, New York
NY 
 1) General Construction  

Landlord agrees at its sole expense and without charge to Tenant to do the following work, all of which unless otherwise indicated, shall be
of material, manufacture, design, capacity and finish selected by Tenant from Landlord’s samples as standard of the building (“Building Standard”). In the event that the specifications herein do not meet the minimum code, then and in
such event Landlord shall substitute the higher standard required by code. 
 All materials and installations shall meet to the best extent
possible or exceed all required government codes including, but not limited to: the American Disabilities Act (ADA), Mechanical, Electrical and Plumbing Codes, Fire Code, Department of Health, NYC Building Departments, etc. All architectural and
mechanical plans and specifications shall be provided by Landlord as well as all building permits at Landlord’s expense. Class E fire system and all points shall be installed as per code. 

All references to the “plan” or ‘Plan” shall refer to the Spector Group Plan and finish and lighting plan dated December
16, 2013 and floor plan dated January 27, 2014 attached hereto. 
 ·2) Demolition 

 

	 	a)	 All demolition necessary to complete the work as set for the herein and on the plans shall be performed
including but not limited to partitions, electrical, duct work. mechanical equipment, flooring, bathrooms, plumbing etc. 

 3)
Floors 
  

	 	a)	 Furnish and install building standard loop carpeting, as selected by tenant from building standard selections
(26 ounce 100% solution dyed nylon or an allowance of $20 PS yd. for material only, installation to be provided), glued down to existing slab with 4” cove vinyl base in tenant’s choice of color. 

 

	 	b)	 Furnish and install building standard vinyl composition tile (Kentile-standard series) in lieu of carpet with
building standard 4” vinyl cove base, as selected by tenant from building standard selections, in areas designated by the tenant. 

  

	 	c)	 The concrete floor as indicated on the Plan shall be prepped and sealed with Tenant approved sealer.

  

	 	d)	 Bathrooms shall receive building standard bathroom tiles and bas_e. Colors to be selected by Tenant from
Landlord’s samples. 

  

	 	d)	 Removal of existing flooring and prepare the slab to receive new floor finishes. 

4) Ceilings 
  

	 	a)	 Furnish and install Armstrong tegular tile #584 standard grid color: white 2x2 in offices and corridor as
indicated by plan 

  

	 	b)	 All ceilings will be continuous to the exterior walls above window. 

 

	 	c)	 Ceiling height shall be above the top of the perimeter windows but not less than 9’0” unless required
due to field conditions. 

  

	 	d)	 There is no ceiling grid indicated for corridors - corridor ceilings are noted as exposed painted deck with
architectural duct work per Plan. Reception area is noted on plan to have exposed painted deck with architectural duct work. 

  

	 	e)	 Exposed slab ceiling with sheetrock cladding in open area as.indicated by plan. 

5) Partitioni;; 
  

	 	a)	 The landlord will provide demising partitions. Installed in accordance with NYC building code, · one
hour fire rated, slab to slab partitions 

  

	 	b)	 Building standard partition within tenant spaces shall extend from the floor to six inches above the suspended
ceiling and shall be framed with 2 1/2 by 25 gauge steel studs at 16” on center. One (1) layer of 5/8” gypsum wall-board (sheelrock) will be provided on each side and will be taped and triple coat spackled on the exposed side.

	 	c)	 Partitions terminating al the building exterior will meet either a window mullion or column. No partitions,
which interfere with the operation of a window or obscure a window, will be permitted. 

  

	 	d)	 There will be a curved wail separating reception and the print/copy area. This wall is proposed to receive
millwork (for both reception and print/copy area) which shall be a Tenant extra. Determination on millwork will be based upon cost to Tenant. 

  

	 	e)	 As indicated on the Plan landlord shall provide and install glass partition office fronts. The glass partitions
shall be1⁄2 clear tempered glass, butt glazed, top and bottom channel from finished floor to top of 8’0” foot high. 

 

	 	f)	 the 2 meeting rooms are fully enclosed by glass, the lab, also the engineer workstation area has glass entrance
points as does Meeting Room 3. The conference room is enclosed by a stationary glass wall and movable glass wall. Details on the Engineers glass fronted office needs to be further detailed because the glass wall engages the 2 glass meeting areas and
the lab as shown on the Plan. · 

  

	 	g)	 Bathroom partitions to be full height partitions to the underside of decl<. 

 

	 	h)	 

6) Doors and Frame:;,_ 
  

	 	i)	 Doors shall be hollow metal door with hollow metal frame. 3’-0” x
7’-0” with 18” x 18” metal louver at bottom of door. 

  

	 	ii)	 In lieu of Main entrance doors will be a pair of glass doors with
6’-0” x 8’ 6” x1⁄2 thick clear tempered Herculite glass. doors, landlord to provide and install recessed
in the ceiling roil away doors in locations as per plan. 

  

	 	iii)	 Doors where there are glass wall office fronts shall be 1⁄2 inch clear· herculite glass doors with pivot hinges and door pulls. Locl<set located in bottom stile into tloor. 

) Hardware -except as specified elsewhere in this workletter landlord shall provide: 

 

	 	i)	 Building standard glass entry doors will be provided with the following. 

 

	 	(1)	 Patch frtting on top and bottom 

 

	 	(2)	 Concealed overhead closer (90° No. H.O.) 

 

	 	(3)	 Bottom Pivot 

  

	 	(4)	 1 1⁄4“
dia. X 72” overall ladder style pull/push handles 

  

	 	(5)	 Deadbolt lock with key cylinder outside and thumb tum inside 

Note: All exposed materials - satin stainless steel finish 
  

	 	ii)	 Building Standard office and conference room doors will be provided with the following. 

 

	 	(1)	 butt hinges 

  

	 	(2)	 Schlage lever latches 

 

	 	(3)	 Schlage lever lock sets 

 

	 	(4)	 Door stop: 

  

	 	(5)	 Silencers 

7) Finishes 
  

	 	a)	 All partitions will be painted with one prime coat and one or two, if required finish coats in colors to be
selected by tenant from building standard material palettes. Paint will be Benjamin Moore color preview or equal. All paint shall be eggshell finish. Semi gloss on all doors, bucks & metal enclosures. Twenty percent (20%) of the
partitioning may be painted in an accent color on walls (one accent color only) from comer to corner. No striping will be provided. 

	 	c)	 In the open celling area landlord to provide circular architectural ducted supply and returns with standard
duct work and diffusers in the dropped ceiling area. · 

  

	 	d)	 Landlord shall design and engineer the system and distribution based upon the plan. 

 

	 	e)	 Furnish and install all required diffusers, returns, ducts, dampers, VAVs and controls as required to provide a
complete system. There shall be a separate VAV for each row of offices based upon window exposure, one for each conference room and as interior VAV’s as required based upon the layout. 

 

	 	f)	 The system shall be designed to maintain, within normal tolerances for office spaces with a maximum population
of one person for each 100 square foot of tenant area, with inside space conditions of 74 F dry bulb when the outside temperature is 91 F dry bulb and 74F mean coincidental wet bulb. During the winter heating season, the system will be capable of
maintaining a minimum temperature of 72 F dry bulb when the outside temperature is 11 F dry bulb. The figures are for normal occupied periods and reflect the ASHRAR .4% outdoor conditions. 

 

	 	g)	 At substantial completion of the work, the HVAC system shall be balanced to confirm conformance to
design criteria as practical. 

 11) Telecommunications 
  

	 	a)	 Voice, high-speed data, and high speed Internet access will be available to every tenant space at tenant cosL
Tenant will have the option of choosing any telephone carrier, Internet provider, data transmission carrier, etc., at the sole cost and expense of the Tenant 

  

	 	b)	 A telephone junction box and conduit can be provided for tenant telephones at the rate of one (1) per every
200RSF extending from IDF & One (1) dragllne can-be provided for each conduit at the sole cost and expense of the Tenant. 

12) Tenant Identification 
  

	 	a)	 The design of identification shall conform to the Building Standard, and shall be approved by Landlord at the
Tenant’s expense. 

  

	 	b)	 In cases where a tenant had two corridor entry doors, one shall be designated as the principal entry only.
Secondary doors shall have no identification whatsoever, except the room or suite number. 

 13) Pantry 

 

	 	a)	 The landlord will provide a sink with hot & cold water and a 6’ Caesarstone with full height
backsplash from surface of countertop to bottom of upper cabinet of tile or metal laminate, with drop down to 32’ at sink location for ADA (color selected by tenant counter and laminate base and overhead cabinets. Sink height and facet type
shall meet ADA standards. At Pantry and Lunch room add new plastic laminate pantry base and hanging cabinets. Base cabinets shall be 36” high with drop down to 32’ at sink location for ADA. Furnish and install all required blockings and
grounds. 

  

	 	0b)	 Pantry to have plumbing for landlord provided dishwasher, base and top cabinets with countertop (6’
backspalsh), ADA compliant sink and faucet, 2 GFI outlets on the countertop plus outlets for the refrigerator, water cooler; water supply with shut off valves for coffee maker, water cooler, and ice maker. 

 

	 	b)	 Furnish and install all necessary rough plumbing work for water supply and drainage at new pantry including
dishwasher. 

  

	 	c)	 Provide water supply with shut off valves for at counter top for coffee maker, ice maker and water cooler in
the pantry. 

 14) [ILLEGIBLE] 
 15) 

 

	 	a)	 Coat closets shall receive closet hang rod and hat shelf. 

	 	b)	 All Trim will be painted with one prime coat and one or two, if required, finish coats in colors to be selected
by tenant from building standard selections. Paint will be Benjamin Moore color preview or equal. All paint shall be satin finish. Tenant to select building standard finishes. 

8) Electric 
  

	 	a)	 Electrical capacity will be provided at 6 watts connected load per rentable square foot at the floor electrical
closet at 220 volts exclusive of HVAC equipment except any supplemental equipment required by Tenant, if any. The 6 watts shall be provided to the electrical closet with all required transformers, panels and circuit breakers. 

 

	 	b)	 Lighting shall consist of a 2’ x 4’, 5-1⁄2” deep basket fluorescent lay in fixture with two (2) 31 watt TS lamps and electronic ballast in areas of drop ceiling. Attached Pendant lighting shall utilized
for open ceiling areas. 

  

	 	c)	 Emergency lighting equipped with battery backup, will be provided by landlord within the demised premises in
compliance with applicable codes. 

  

	 	d)	 Except as indicated elsewhere in this section Electrical receptacles shall be provided in building standard
partitions as follows. 

  

	 	iv)	 20V 15Awall recepticle:1 per every 150RSF. 

 

	 	v)	 Dedicated 120V 20A wall receptacle:2 in addition to IT Closet. 

 

	 	vi)	 GFI receptacle:see pantry area and as required by code in bathroom. 

 

	 	vii)	 One quadruple electrical wall receptacle may be exchanged for two duplex outlets. 

 

	 	e)	 In kitchen or pantry, minimum of two dedicated quad GFI outlets on wall above countertop, plus outlets
for refrigerator, microwave, dishwasher, and water cooler. 

  

	 	f)	 Landlord shall wire all workstation connections with electric. All connections and loads shall be based upon
the attached specifications and shall be either core drilled or through a partition wall or column. Power poles are unacceptable. Tenant wlll provide electrical specifications for workstations but not more than one 20 amp circuit per four
workstations from Tenant supplied whip 

  

	 	g)	 Light switches shall be provided as follows: 

 

	 	i)	 One (1) switch per room. 

 

	 	ii)	 Open office areas shall be provided with switches so that one half (1/20 of the lights in an area greater than
500 SF may be shut off at one time, 

  

	 	i)	 Class E Fire alarms system, points, devices and all required life safety systems and components including
relays if required for Tenant’s card key security system shall be provided in compliance with applicable codes for office occupancies as per the plan. Special fire alarm devices or systems for computer rooms as opposed to a standard IT closet
as per plan, supplementary air conditioning systems, food service facilities except pantry as per plan, file rooms, or other non-typical office construction shall be provided by the tenant at tenant’s sole cost and expense. Final connection of
all fire alarm systems provided by tenants to the building fire alarm system shall be by the landlord’s fire alarm contractor at tenant’s expense. 

  

	 	j)	 Conduit for Tenant’s telecommunication from the building entry point to the floor shall be provided by
Landlord. Such conduit can be a common with other tenants. 

  

	 	k)	 Provide blocking and electric for flat screens in conference rooms, 2 conduits from monitor to under conference
tables for electric and computer cabling, ouUet core drill under conference table, plus 4 additional duplex outlets in large conference room. 

9) Appliances 
  

	 	a)	 All appliances including dishwasher are to be supplied by the tenant. 

10) Heating, Ventilation, and Air Conditioning 
  

	 	a)	 Air Conditioning 

  

	 	i)	 Landlord shall deliver the Demised Premises to Tenant with properly functioning heating, ventilation, and air-conditioning of sufficient capacity to service the Demised Premises for normal office use during normal business hours - Monday to Friday 8:00AM - 6:00PM excluding major holidays. 

 

	 	b)	 Landlord to provide air handler unit on the floor to service the Premises in good working order and be
responsible to repair or replace during the Term. All HVAC is provided through the Building’s systems which Landlord shall provide during the Term. 

	 	b)	 Telephone I Server room to have on sheet of 4’ X 8’ smooth finish plywood sheet painted to
match walls. 

  

	 	c)	 Millwork as specified on the drawings shall be provided at Tenant’s option at Tenant’s sole cost and
expense. 

 16) Elevator Lobby 
  

	 	a)	 Elevator lobby shall be renovated with mutually agreeable finishes and improvements. It is agreed by the
parties that the existing marble on the walls and floor shall remain. 

 17) IT Room 

 

	 	a)	 Provide and install a louvered door with temperature controlled exhaust fan for the IT room.

  

	 	b)	 Provide one wall in the IT room with plywood painted to match. 

 

	 	c)	 Provide upload dedicated quad outlets in there room 

 

	 	d)	 Provide building standard VCT flooring in IT room 

18) Tenant’s Responsibility 
  

	 	a)	 Tenant shall be responsible for installation of telephone and computer cabling and equipment. Landlord shall
furnish and install empty back boxes and plates. 

  

	 	b)	 Landlord will not install any Tenant specialized equipment. 

 

	 	c)	 Tenant agrees to coordinate Tenant’s contractor’s work with Landlord’s contractor’s work.

  

	 	d)	 All work by Tenant’s contractors including but not limited to the installation of telephone lines and
computer cables, shall be in accordance with all applicable federal, state and local laws and regulations. 

  

	 	e)	 Tenant’s contractors shall coordinate their work with the Tenant-Landlord agreed upon construction
schedule. 

 19) Cleaning 

Landlord to have the demised premises cleaned before Tenant occupies, cleaning to include: 

 

	 	a)	 Vacuum all carpet areas. 

 

	 	b)	 Mop and clean all VCT floors. 

 

	 	c)	 Clean interior of all windows and window sills. 

 

	 	d)	 Dust all surfaces including, but not limited to, window sills, sinks, countertops, light fixtures, etc.

 20) Tenant Extras 

Landlord shall not be responsible for any increased costs due to Tenant’s changes or upgrades other than what is contained in this
workletter and Plan. Tenant will pay for the Tenant extras as indicated below as specified in Exhibit B, 8-1 and Plans. The Tenant’s extra cost will be $35,000.00 as indicated below. 

Landlord’s Preliminary Budget Extras: 
  

	 	1.	 Garage door 

  

	 	2.	 Closet 

  

	 	3.	 Meeting space barn hardware: $1,500 X 3 

 

	 	4.	 Appliance Installation 

 

	 	5.	 Lighting 

  

	 	6.	 Carpet 

  

	 	7.	 Concrete floor 

 6fil Sprinkler 

At any time during the term of the Lease as required by code or any governmental or quasi governmental authority Landlord shall install
sprinklers throughout the Premises on the 24th floor and Expansion Premises on the 23rd floor as required by code. Sprinkler heads shall be concealed type in any suspended ceilings. Provide all necessary adjustments to existing piping and
installation of new piping as required for the sprinkler work. 
 lli ACP-5 

Landlord shall provide an ACP-5 for the 23rd and
24th floor. 

 

 
 CONSTRUCTION LEGENO KEYNOTES 1 ISSUED FOR N NOT FOR CONSTRUCTION W .,y.NY117U7 .111:l 41: 0t,1113!15
212,w1043p,. OLO TWENTY- FLOOR NEW YORK, NY 23RD FLOOR CONSTRUCTION PLAN 0 TWENTY-THIRD FLOOR CONSTRUCTION PLAN Pro A-101.00 

 

 
 REFLECTED CEILING LEGEND KEYNOTES Ulll31$ DIXIIII. ISSUED FO NOT FOR 212ll0011).13F., OLO TINENTY 26BR0ADWAY
..THIRD FLOOR NEWYORK,NY 23RD FLOOR REFLECTED CEILING TWENTY-THIRD FLOOR REFLECTED CEILING PLAN A-701.00 

 

 
 I $ BOTTOM OF EXISTING DECK EL$ FINISHED CEILING EL.: +8’-6” G) INTERIOR ELEVATION 1 RG: 1 /A-101 1
ISSUE I BOTTOM OF EXISTING DECK . EL: +/-11’-3” FINISHED CEILING EL: NOT FOR CONSTRUCTION o aspect 1RJM .I ® INTERIOR ELEVATION CEILING DETAIL @ WINDOW 2 3 RE:1/A-101 OLO :1/A—101 28BR0ADWAY NEW YORK, NY THIRD FLOOR NY 23RD FLOOR
INTERIOR ELEVATIONS A-201.00 

 

 
 FINISH MATERIALS SCHEDULE FINISH SCHEDULE Prnll MW FINISH SCHEDULE NOTES ABBREVIATIONS ,. , wm PLUMBING
FIXTURES SCHEDULE NOT FOR CONSTRUCT APPLIANCE SCHEDULE TWENTY 26 B R0ADWAY -THIRD FLOOR NEW YORK FINISH MATERIALS 100, A-651.00 

 

 
 FINISH LEGEND N, MONTY 26BR0ADWAY THIRD FLOOR NEW, NY 23RD FLOOR FINISH PLAN 0 TWENTY-THIRD FLOOR FINISH
A-701.00 

 

 
 NOT FOR CONSTRUCTION floor NEW YORK. NY 23RD FLOOR FURNITURE PLAN 0 TWENTY-THIRD FLOOR FURNITURE A-851.00EX-10.5

 Exhibit 10.5 

MOBO SYSTEMS, INC. 

2005 EQUITY INCENTIVE PLAN 

ADOPTED: AUGUST 11, 2005 

APPROVED BY STOCKHOLDERS: AUGUST 11, 2005 

TERMINATION DATE: AUGUST 10, 2015 

1. PURPOSES. 
 (a)
Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are Employees, Directors and Consultants. 
 (b)
Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock
Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Restricted Stock Awards and (iv) Stock Appreciation Rights. 

(c) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive
Stock Awards, to secure and retain the services of new members of this group and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. 

2. DEFINITIONS. 

(a) “Affiliate” means any parent corporation or subsidiary corporation of the Company, whether now or hereafter
existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code. 
 (b) “Board”
means the Board of Directors of the Company. 
 (c) “Capitalization Adjustment” has the meaning ascribed to
that term in Section 11(a). 
 (d) “Change in Control” means the occurrence, in a single transaction or
in a series of related transactions, of any one or more of the following events: 
 (i) any Exchange Act Person becomes the Owner,
directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction.
Notwithstanding the foregoing, a Change in Control shall not be deemed to occur (A) on account of the acquisition of securities of the Company by any institutional investor, or any affiliate thereof or any other Exchange Act Person that acquires the
Company’s securities in a transaction or series of related transactions that are primarily a private financing transaction for the Company or (B) solely because the level of Ownership held by any Exchange Act Person (the “Subject
Person”) exceeds the designated percentage threshold of the 

  
 1. 

 
outstanding voting securities as a result of a repurchase or other acquisition of voting securities by the Company reducing the number of shares outstanding, provided that if a Change in
Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the Company, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities that,
assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to
occur; 
 (ii) there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company if,
immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more
than fifty percent (50%) of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the
surviving Entity in such merger, consolidation or similar transaction; or 
 (iii) there is consummated a sale, lease, license or
other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its
Subsidiaries to an Entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as their Ownership of the Company immediately
prior to such sale, lease, license or other disposition. 
 The term Change in Control shall not include a sale of assets, merger or other
transaction effected exclusively for the purpose of changing the domicile of the Company. 
 Notwithstanding the foregoing or any other
provision of this Plan, the definition of Change in Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant shall supersede the foregoing definition with respect to Stock Awards
subject to such agreement (it being understood, however, that if no definition of Change in Control or any analogous term is set forth in such an individual written agreement, the foregoing definition shall apply). 

(e) “Code” means the Internal Revenue Code of 1986, as amended. 

(f) “Committee” means a committee of one or more members of the Board appointed by the Board in
accordance with Section 3(c). 
 (g) “Common Stock” means the common stock of the Company. 

(h) “Company” means Mobo Systems, Inc., a Delaware corporation. 

(i) “Consultant” means any person, including an advisor, (i) engaged by the Company or an Affiliate to
render consulting or advisory services and who is compensated for such services or (ii) serving as a member of the Board of Directors of an Affiliate and who is 

  
 2. 

 
compensated for such services. However, the term “Consultant” shall not include Directors who are not compensated by the Company for their services as Directors, and the payment of a
director’s fee by the Company for services as a Director shall not cause a Director to be considered a “Consultant” for purposes of the Plan. 

(j) “Continuous Service” means that the Participant’s service with the Company or an Affiliate,
whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for
which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, shall not terminate a Participant’s Continuous Service.
For example, a change in status from an employee of the Company to a consultant to an Affiliate or to a Director shall not constitute an interruption of Continuous Service. The Board or the chief executive officer of the Company, in that
party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any leave of absence approved by that party, including sick leave, military leave or any other personal leave. Notwithstanding the
foregoing, a leave of absence shall be treated as Continuous Service for purposes of vesting in a Stock Award only to such extent as may be provided in the Company’s leave of absence policy or in the written terms of the Participant’s
leave of absence. 
 (k) “Corporate Transaction” means the occurrence, in a single transaction or in a
series of related transactions, of any one or more of the following events: 
 (i) a sale or other disposition of all or
substantially all, as determined by the Board in its discretion, of the consolidated assets of the Company and its Subsidiaries; 

(ii) a sale or other disposition of at least ninety percent (90%) of the outstanding securities of the Company; 

(iii) a merger, consolidation or similar transaction following which the Company is not the surviving corporation; or 

(iv) a merger, consolidation or similar transaction following which the Company is the surviving corporation but the shares of Common
Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property, whether in the form of securities, cash or
otherwise. 
 (l) “Director” means a member of the Board. 

(m) “Disability” means the permanent and total disability of a person within the meaning of
Section 22(e)(3) of the Code. 
 (n) “Employee” means any person employed by the Company or an
Affiliate. Service as a Director or payment of a director’s fee by the Company for such service or for service as a member of the Board of Directors of an Affiliate shall not be sufficient to constitute “employment” by the Company or
an Affiliate. 

  
 3. 

 (o) “Entity” means a corporation, partnership or other
entity. 
 (p) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(q) “Exchange Act Person” means any natural person, Entity or “group” (within
the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (A) the Company or any Subsidiary of the Company, (B) any employee benefit plan of the Company or any Subsidiary
of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (C) an underwriter temporarily holding securities pursuant to an offering of such securities, or (D)
an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company. 

(r) “Fair Market Value” means, as of any date, the value of the Common Stock determined in good faith by the
Board. 
 (s) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (t) “Nonstatutory Stock
Option” means an Option not intended to qualify as an Incentive Stock Option. 
 (u)
“Officer” means any person designated by the Company as an officer. 
 (v) “Option”
means an Incentive Stock Option or a Nonstatutory Stock Option granted pursuant to the Plan. 
 (w) “Option
Agreement” means a written agreement between the Company and an Optionholder evidencing the terms and conditions of an individual Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan. 

(x) “Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if applicable, such
other person who holds an outstanding Option. 
 (y) “Own,” “Owned,” “Owner,”
“Ownership” A person or Entity shall be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if such person or Entity, directly or
indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities. 

(z) “Participant” means a person to whom a Stock Award is granted pursuant to the Plan or, if
applicable, such other person who holds an outstanding Stock Award. 
 (aa) “Plan” means this Mobo
Systems, Inc. 2005 Equity Incentive Plan. 
 (bb) “Restricted Stock Award” means an award of shares of
Common Stock which is granted pursuant to the terms and conditions of
 Section 7(a). 

  
 4. 

 (cc) “Securities Act” means the Securities Act of
1933, as amended. 
 (dd) “Stock Appreciation Right” means a right to receive the appreciation on Common
Stock that is granted pursuant to the terms and conditions of Section 7(b). 
 (ee) “Stock Award”
means any right granted under the Plan, including an Option, a Restricted Stock Award and a Stock Appreciation Right. 
 (ff)
“Stock Award Agreement” means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the
terms and conditions of the Plan. 
 (gg) “Subsidiary” means, with respect to the Company, (i) any
corporation of which more than fifty percent (50%) of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any other class or
classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership in which the Company has a direct or
indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%). 

(hh) “Ten Percent Stockholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d) of
the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any of its Affiliates. 

3. ADMINISTRATION. 
 (a)
Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration to a Committee, as provided in Section 3(c). 

(b) Powers of Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan:

 (i) To determine from time to time which of the persons eligible under the Plan shall be granted Stock Awards; when and how each
Stock Award shall be granted; what type or combination of types of Stock Award shall be granted; the provisions of each Stock Award granted (which need not be identical), including the time or times when a person shall be permitted to receive Common
Stock pursuant to a Stock Award; and the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person. 

(ii) To construe and interpret the Plan and Stock Awards granted under it, and to establish, amend and revoke rules and regulations for
its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully
effective. 
 (iii) To effect, at any time and from time to time, with the consent of any adversely affected Optionholder,
(1) the reduction of the exercise price of any outstanding 

  
 5. 

 
Option under the Plan, (2) the cancellation of any outstanding Option under the Plan and the grant in substitution therefor of (A) a new Option under the Plan or another equity plan of
the Company covering the same or a different number of shares of Common Stock, (B) a Restricted Stock Award (including a stock bonus), (C) a Stock Appreciation Right, (D) cash and/or (E) other valuable consideration (as determined by
the Board, in its sole discretion), or (3) any other action that is treated as a repricing under generally accepted accounting principles. 

(iv) To amend the Plan or a Stock Award as provided in Section 12. 

(v) To terminate or suspend the Plan as provided in Section 13. 

(vi) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best
interests of the Company and that are not in conflict with the provisions of the Plan. 
 (c) Delegation to Committee. The
Board may delegate administration of the Plan to a Committee or Committees of one (1) or more members of the Board, and the term “Committee” shall apply to any person or persons to whom such authority has been delegated. If
administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to a subcommittee any of the administrative
powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be
adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. 

(d) Delegation to an Officer. The Board may delegate to one or more Officers of the Company the authority to do one or both of the
following: (i) designate Officers and Employees of the Company or any of its Subsidiaries to be recipients of Stock Awards and (ii) determine the number of shares of Common Stock to be subject to such Stock Awards granted to such Officers
and Employees of the Company; provided, however, that the Board resolutions regarding such delegation shall specify the total number of shares of Common Stock that may be subject to the Stock Awards granted by such Officer and that such
Officer may not grant a Stock Award to himself or herself. Notwithstanding the foregoing, the Board may not delegate authority to an Officer to determine the Fair Market Value of the Common Stock. 

(e) Effect of Board’s Decision. All determinations, interpretations and constructions made by the Board in good faith shall not be
subject to review by any person and shall be final, binding and conclusive on all persons. 
 (f) Arbitration. Any dispute or claim
concerning any Stock Awards granted (or not granted) pursuant to the Plan or any disputes or claims relating to or arising out of the Plan shall be fully, finally and exclusively resolved by binding and confidential arbitration conducted pursuant to
the Commercial Arbitration Rules of the American Arbitration Association in New York, New York. The Company shall pay all arbitration fees. In addition to any other relief, the arbitrator may award to the prevailing party recovery of its
attorneys’ fees and costs. By accepting a Stock Award, Participants and the Company waive their respective rights to have any such disputes or claims tried by a judge or jury. 

  
 6. 

 4. SHARES SUBJECT TO THE PLAN.

 (a) Share Reserve. Subject to the provisions of Section 11 (a) relating to Capitalization Adjustments, the Common Stock
that may be issued pursuant to Stock Awards shall not exceed in the aggregate twenty-five thousand (25,000) shares of Common Stock. 

(b) Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason expire or otherwise terminate, in whole or in
part, without having been exercised in full, the shares of Common Stock not acquired under such Stock Award shall revert to and again become available for issuance under the Plan. 

(c) Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason expire or otherwise terminate, in whole or in
part, without having been exercised in full, or if any shares of Common Stock issued to a Participant pursuant to a Stock Award are forfeited back to or repurchased by the Company, including, but not limited to, any repurchase or forfeiture caused
by the failure to meet a contingency or condition required for the vesting of such shares, then the shares of Common Stock not acquired under such Stock Award shall revert to and again become available for issuance under the Plan; provided,
however, that subject to the provisions of Section 11(a) relating to Capitalization Adjustments, the aggregate maximum number of shares of Common Stock that may be issued as Incentive Stock Options shall be twenty-five thousand (25,000)
shares of Common Stock. If any shares subject to a Stock Award are not delivered to a Participant because such shares are withheld for the payment of taxes or the Stock Award is exercised through a reduction of shares subject to the Stock Award
(i.e., “net exercised”), then the number of shares that are not delivered shall revert to and again become available for issuance under the Plan. If the exercise price of any Stock Award is satisfied by tendering shares of Common
Stock held the Participant (either by actual deliver or attestation), then the number of such tendered shares shall revert to and again become available for issuance under the Plan. 

(d) Source of Shares. The shares of Common Stock subject to the Plan may be unissued shares or reacquired shares, bought on the
market or otherwise. 
 5. ELIGIBILITY. 

(a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to Employees. Stock Awards other than
Incentive Stock Options may be granted to Employees, Directors and Consultants. 
 (b) Ten Percent Stockholders. A Ten Percent
Stockholder shall not be granted an Incentive Stock Option unless the exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock on the date of grant and the Option is not exercisable after
the expiration of five (5) years from the date of grant. 
 (c) Consultants. A Consultant shall not be eligible for the
grant of a Stock Award if, at the time of grant, either the offer or the sale of the Company’s securities to such Consultant is 

  
 7. 

 
not exempt under Rule 701 of the Securities Act (“Rule 701”) because of the nature of the services that the Consultant is providing to the Company, because the Consultant is not a
natural person, or because of some other provision of Rule 701. 
 6. OPTION PROVISIONS. 

Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be
separately designated Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be issued for shares of Common Stock purchased on exercise of each type
of Option. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions: 

(a) Term. Subject to the provisions of Section 5(b) regarding Ten Percent Stockholders, no Incentive Stock Option granted shall be
exercisable after the expiration of ten (10) years from the date on which it was granted. 
 (b) Exercise Price of an Incentive Stock
Option. Subject to the provisions of Section 5(b) regarding Ten Percent Stockholders, the exercise price of each Incentive Stock Option shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject
to the Option on the date the Option is granted. Notwithstanding the foregoing, an Incentive Stock Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption
or substitution for another option in a manner satisfying the provisions of Section 424(a) of the Code. 
 (c) Exercise Price of a
Nonstatutory Stock Option. The exercise price of each Nonstatutory Stock Option shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the date the Option is granted.
Notwithstanding the foregoing, a Nonstatutory Stock Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution for another option in a manner
satisfying the provisions of Section 424(a) of the Code. 
 (d) Consideration. The purchase price of Common Stock acquired
pursuant to an Option shall be paid, to the extent permitted by applicable statutes and regulations, either (i) in cash at the time the Option is exercised or (ii) at the discretion of the Board at the time of the grant of the Option (or
subsequently in the case of a Nonstatutory Stock Option) (1) by delivery to the Company of other Common Stock, (2) according to a deferred payment or other similar arrangement with the Optionholder or (3) by a “net exercise”
of the Option (as further described below) (4) pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the
Company or the receipt of irrevocable instruction to pay the aggregate exercise price to the Company from the sales proceeds or (5) in any other form of legal consideration that may be acceptable to the Board. Unless otherwise specifically
provided in the Option, the purchase price of Common Stock acquired pursuant to an Option that is paid by delivery to the 

  
 8. 

 
Company of other Common Stock acquired, directly or indirectly from the Company, shall be paid only by shares of the Common Stock of the Company that have been held for more than six (6) months
(or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes). At any time that the Company is incorporated in Delaware, payment of the Common Stock’s “par value,” as defined in
the Delaware General Corporation Law, shall not be made by deferred payment. 
 In the case of any deferred payment arrangement, interest
shall be compounded at least annually and shall be charged at the minimum rate of interest necessary to avoid (1) the treatment as interest, under any applicable provisions of the Code, of any amounts other than amounts stated to be interest
under the deferred payment arrangement and (2) the treatment of the Option as a variable award for financial accounting purposes. 
 In
the case of a “net exercise” of an Option, the Company will not require a payment of the exercise price of the Option from the Participant but will reduce the number of shares of Common Stock issued upon the exercise by the largest number
of whole shares that has a Fair Market Value that does not exceed the aggregate exercise price. With respect to any remaining balance of the aggregate exercise price, the Company shall accept a cash payment from the Participant. The shares of Common
Stock so used to pay the exercise price of an Option under a “net exercise” will be considered to have resulted from the exercise of the Option, and accordingly, the Option will not again be exercisable with respect to such shares, the
shares actually delivered to the Participant, and any shares withheld for purposes of tax withholding. 
 (e) Transferability of an
Incentive Stock Option. An Incentive Stock Option shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the
foregoing, the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option.

 (f) Transferability of a Nonstatutory Stock Option. A Nonstatutory Stock Option shall be transferable to the extent provided in
the Option Agreement. If the Nonstatutory Stock Option does not provide for transferability, then the Nonstatutory Stock Option shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during the
lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event of the death of
the Optionholder, shall thereafter be entitled to exercise the Option. 
 (g) Vesting Generally. The total number of shares of Common
Stock subject to an Option may, but need not, vest and therefore become exercisable in periodic installments that may, but need not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised
(which may be based on performance or other criteria) as the Board may deem appropriate. The vesting provisions of individual Options may vary. The provisions of this Section 6(g) are subject to any Option provisions governing the minimum
number of shares of Common Stock as to which an Option may be exercised. 

  
 9. 

 (h) Termination of Continuous Service. In the event that an. Optionholder’s
Continuous Service terminates (other than upon the Optionholder’s death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination) but
only within such period of time ending on the earlier of (i) the date three (3) months following the termination of the Optionholder’s Continuous Service (or such longer or shorter period specified in the Option Agreement), or
(ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time specified in the Option Agreement, the Option shall terminate. 

(i) Extension of Termination Date. An Optionholder’s Option Agreement may also provide that if the exercise of the Option
following the termination of the Optionholder’s Continuous Service (other than upon the Optionholder’s death or Disability) would be prohibited at any time solely because the issuance of shares of Common Stock would violate the
registration requirements under the Securities Act, then the Option shall terminate on the earlier of (i) the expiration of the term of the Option set forth in Section 6(a) or (ii) the expiration of a period of three (3) months
after the termination of the Optionholder’s Continuous Service during which the exercise of the Option would not be in violation of such registration requirements. 

(j) Disability of Optionholder. In the event that an Optionholder’s Continuous Service terminates as a result of the
Optionholder’s Disability, the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination), but only within such period of time ending on the earlier of
(i) the date twelve (12) months following such termination (or such longer or shorter period specified in the Option Agreement) or (ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after
termination, the Optionholder does not exercise his or her Option within the time specified herein, the Option shall terminate. 
 (k)
Death of Optionholder. In the event that (i) an Optionholder’s Continuous Service terminates as a result of the Optionholder’s death or (ii) the Optionholder dies within the period (if any) specified in the Option Agreement
after the termination of the Optionholder’s Continuous Service for a reason other than death, then the Option may be exercised (to the extent the Optionholder was entitled to exercise such Option as of the date of death) by the
Optionholder’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by a person designated to exercise the option upon the Optionholder’s death pursuant to Section 6(e) or 6(f), but only
within the period ending on the earlier of (1) the date eighteen (18) months following the date of death (or such longer or shorter period specified in the Option Agreement) or (2) the expiration of the term of such Option as set
forth in the Option Agreement. If, after death, the Option is not exercised within the time specified herein, the Option shall terminate. 

(l) Early Exercise. The Option may, but need not, include a provision whereby the Optionholder may elect at any time before the
Optionholder’s Continuous Service terminates to exercise the Option as to any part or all of the shares of Common Stock subject to the Option prior to the full vesting of the Option. Any unvested shares of Common Stock so purchased may be
subject to a repurchase option in favor of the Company or to any other restriction the Board determines to be appropriate. The Company will not exercise its repurchase option until at least 

  
 10. 

 
six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes) have elapsed following exercise of the Option unless the
Board otherwise specifically provides in the Option. 
 (m) Right of Repurchase. The Option may, but need not, include a provision
whereby the Company may elect to repurchase all or any part of the vested shares of Common Stock acquired by the Optionholder pursuant to the exercise of the Option. The Company will not exercise its repurchase option until at least six
(6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes) have elapsed following exercise of the Option otherwise specifically provided in the Option. 

(n) Right of First Refusal. The Option may, but need not, include a provision whereby the Company may elect to exercise a right of
first refusal following receipt of notice from the Optionholder of the intent to transfer all or any part of the shares of Common Stock received upon the exercise of the Option. Except as expressly provided in this Section 6(n) or in the Stock
Award Agreement for the Option, such right of first refusal shall otherwise comply with any applicable provisions of the Bylaws of the Company. The Company will not exercise its right of first refusal until at least six (6) months (or such
longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes) have elapsed following the exercise of the Option unless otherwise specifically provided in the Option. 

7. PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS.

 (a) Restricted Stock Awards. Each Restricted Stock Award agreement shall be in such form and shall contain such terms and
conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Award agreements may change from time to time, and the terms and conditions of separate Restricted Stock Award agreements need not be identical;
provided, however, that each Restricted Stock Award agreement shall include (through incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 

(i) Purchase Price. At the time of the grant of a Restricted Stock Award, the Board will determine the price to be paid by the
Participant for each share subject to the Restricted Stock Award. To the extent required by applicable law, the price to be paid by the Participant for each share of the Restricted Stock Award will not be less than the par value of a share of Common
Stock. A Restricted Stock Award may be awarded as a stock bonus (i.e., with no cash purchase price to be paid) to the extent permissible under applicable law. 

(ii) Consideration. At the time of the grant of a Restricted Stock Award, the Board will determine the consideration permissible for
the payment of the purchase price of the Restricted Stock Award. The purchase price of Common Stock acquired pursuant to the Restricted Stock Award shall be paid in one of the following ways: (i) in cash at the time of purchase; (ii) at
the discretion of the Board, according to a deferred payment or other similar arrangement with the Participant; (iii) by services rendered or to be rendered to the Company; or (iv) in any other form of legal consideration that may be acceptable
to the Board; provided, however, that at any time that the Company is incorporated in Delaware, the Common Stock’s “par value,” as defined in the Delaware General Corporation Law, shall not be paid by deferred payment and must
be paid in a form of consideration that is permissible under the Delaware Corporation Law. 

  
 11. 

 (iii) Vesting. Shares of Common Stock acquired under a Restricted Stock Award
may, but need not, be subject to a share repurchase option in favor of the Company in accordance with a vesting schedule to be determined by the Board. 

(iv) Termination of Participant’s Continuous Service. In the event that a Participant’s Continuous Service terminates,
the Company may repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant that have not vested as of the date of termination under the terms of the Restricted Stock Award agreement. The Company will not
exercise its repurchase option until at least six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes) have elapsed following the purchase of the restricted stock unless
otherwise determined by the Board or provided in the Restricted Stock Award agreement. 
 (v) Transferability. Rights to
purchase or receive shares of Common Stock granted under a Restricted Stock Award shall be transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Stock Award agreement, as the Board shall determine in
its discretion, and so long as Common Stock awarded under the Restricted Stock Award remains subject to the terms of the Restricted Stock Award agreement. 

(b) Stock Appreciation Rights. Each Stock Appreciation Right agreement shall be in such form and shall contain such terms and
conditions as the Board shall deem appropriate. The terms and conditions of Stock Appreciation Right agreements may change from time to time, and the terms and conditions of separate Stock Appreciation Rights agreements need not be identical, but
each Stock Appreciation Right agreement shall include (through incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 

(i) Calculation of Appreciation. Each Stock Appreciation Right will be denominated in share of Common Stock equivalents. The
appreciation distribution payable on the exercise of a Stock Appreciation Right will be not greater than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation Right) of a
number of shares of Common Stock equal to the number of share of Common Stock equivalents in which the Participant is vested under such Stock Appreciation Right and with respect to which the Participant is exercising the Stock Appreciation Right on
such date, over (B) an amount that will be determined by the Committee at the time of grant of the Stock Appreciation Right. 

(ii) Vesting. At the time of the grant of a Stock Appreciation Right, the Board may impose such restrictions or conditions to
the vesting of such Right as it deems appropriate. 
 (iii) Exercise. To exercise any outstanding Stock Appreciation Right,
the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Rights agreement evidencing such Right. 

  
 12. 

 (iv) Payment. The appreciation distribution in respect of a Stock Appreciation
Right may be paid in Common Stock, in cash, or any combination of the two, as the Board deems appropriate. 
 (v) Termination of
Continuous Service. If a Participant’s Continuous Service terminates for any reason, any unvested Stock Appreciation Rights shall be forfeited and any vested Stock Appreciation Rights shall be automatically redeemed. 

8. COVENANTS OF THE COMPANY. 

(a) Availability of Shares. During the terms of the Stock Awards, the Company shall keep available at all times the number of
shares of Common Stock required to satisfy such Stock Awards. 
 (b) Securities Law Compliance. The Company shall seek to
obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon exercise of the Stock Awards; provided,
however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award. If, after reasonable efforts, the Company is
unable to obtain from any such regulatory commission or agency the authority which counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure
to issue and sell Common Stock upon exercise of such Stock Awards unless and until such authority is obtained. 
 9. USE OF
PROCEEDS FROM STOCK. 
 Proceeds from the sale of Common Stock pursuant to Stock Awards
shall constitute general funds of the Company. 
 10. MISCELLANEOUS. 

(a) Acceleration of Exercisability and Vesting. The Board shall have the power to accelerate the time at which a Stock Award may
first be exercised or the time during which a Stock Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Stock Award stating the time at which it may first be exercised or the time during which it
will vest. 
 (b) Stockholder Rights. No Participant shall be deemed to be the holder of, or to have any of the rights of a
holder with respect to, any shares of Common Stock subject to such Stock Award unless and until such Participant has satisfied all requirements for exercise of the Stock Award pursuant to its terms. 

(c) No Employment or other Service Rights. Nothing in the Plan or any instrument executed or Stock Award granted pursuant
thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the Company or an Affiliate to terminate (i) the
employment of an Employee with or without notice and with or without cause, (ii) the service of 

  
 13. 

 
a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate or (iii) the service of a Director pursuant to the Bylaws of the Company or an
Affiliate, and any applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated, as the case may be. 

(d) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time of
grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000),
the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of any Stock Award Agreement. 

(e) Investment Assurances. The Company may require a Participant, as a condition of exercising or acquiring Common Stock under
any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the
Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Stock Award; and (ii) to
give written assurances satisfactory to the Company stating that the Participant is acquiring Common Stock subject to the Stock Award for the Participant’s own account and not with any present intention of selling or otherwise distributing the
Common Stock. The foregoing requirements, and any assurances given pursuant to such requirements, shall be inoperative if (1) the issuance of the shares of Common Stock upon the exercise or acquisition of Common Stock under the Stock Award has
been registered under a then currently effective registration statement under the Securities Act or (2) as to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the
circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with
applicable securities laws, including, but not limited to, legends restricting the transfer of the Common Stock. 
 (f)
Withholding Obligations. To the extent provided by the terms of a Stock Award Agreement, the Participant may satisfy any federal, state or local tax withholding obligation relating to the exercise or acquisition of Common Stock under a Stock
Award by any of the following means (in addition to the Company’s right to withhold from any compensation paid to the Participant by the Company) or by a combination of such means: (i) tendering a cash payment; (ii) authorizing the
Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable to the Participant as a result of the exercise or acquisition of Common Stock under the Stock Award; provided, however, that no shares of Common
Stock are withheld with a value exceeding the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid variable award accounting); or (iii) delivering to the Company owned and unencumbered shares
of Common Stock. 

  
 14. 

 11. ADJUSTMENTS UPON CHANGES IN
STOCK. 
 (a) Capitalization Adjustments. If any change is made in, or other event occurs with respect to,
the Common Stock subject to the Plan or subject to any Stock Award without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than
cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company (each a “Capitalization Adjustment”), the Plan
will be appropriately adjusted in the class(es) and maximum number of securities subject to the Plan pursuant to Sections 4(a) and 4(b) and the outstanding Stock Awards will be appropriately adjusted in the class(es) and number of securities and
price per share of Common Stock subject to such outstanding Stock Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. (The conversion of any convertible securities of the Company shall not be
treated as a transaction “without receipt of consideration” by the Company.) 
 (b) Dissolution or Liquidation. In
the event of a dissolution or liquidation of the Company, then all outstanding Options shall terminate immediately prior to the completion of such dissolution or liquidation, and shares of Common Stock subject to the Company’s repurchase option
may be repurchased by the Company notwithstanding the fact that the holder of such stock in still in Continuous Service. 
 (c)
Corporate Transaction. In the event of a Corporate Transaction, any surviving corporation or acquiring corporation may assume or continue any or all Stock Awards outstanding under the Plan or may substitute similar stock awards for Stock
Awards outstanding under the Plan (it being understood that similar stock awards include, but are not limited to, awards to acquire the same consideration paid to the stockholders or the Company, as the case may be, pursuant to the Corporate
Transaction), and any reacquisition or repurchase rights held by the Company in respect of Common Stock issued pursuant to Stock Awards may be assigned by the Company to the successor of the Company (or such successor’s parent company), if any,
in connection with such Corporate Transaction. In the event that any surviving corporation or acquiring corporation does not assume or continue any or all such outstanding Stock Awards or substitute similar stock awards for such outstanding Stock
Awards, then with respect to Stock Awards that have not been assumed, continued or substituted and that are held by Participants whose Continuous Service has not terminated prior to the effective time of the Corporate Transaction, the vesting of
such Stock Awards (and, if applicable, the time at which such Stock Awards may be exercised) shall (contingent upon the effectiveness of the Corporate Transaction) be accelerated in full to a date prior to the effective time of such Corporate
Transaction as the Board shall determine (or, if the Board shall not determine such a date, to the date that is five (5) days prior to the effective time of the Corporate Transaction), the Stock Awards shall terminate if not exercised (if
applicable) at or prior to such effective time, and any reacquisition or repurchase rights held by the Company with respect to such Stock Awards held by Participants whose Continuous Service has not terminated shall (contingent upon the
effectiveness of the Corporate Transaction) lapse. With respect to any other Stock Awards outstanding under the Plan that have not been assumed, continued or substituted, the vesting of such Stock Awards (and, if applicable, the time at which such
Stock Award may be exercised) shall not be accelerated, unless otherwise provided in a written agreement between the Company or any Affiliate and the holder of such Stock Award, and such Stock Awards shall terminate if not exercised (if applicable)
prior to the effective time of the Corporate Transaction. 

  
 15. 

 (d) Change in Control. A Stock Award held by any Participant whose Continuous
Service has not terminated prior to the effective time of a Change in Control may be subject to additional acceleration of vesting and exercisability upon or after such event as may be provided in the Stock Award Agreement for such Stock Award or as
may be provided in any other written agreement between the Company or any Affiliate and the Participant, but in the absence of such provision, no such acceleration shall occur. 

12. AMENDMENT OF THE PLAN AND STOCK AWARDS.

 (a) Amendment of Plan. The Board at any time, and from time to time, may amend the Plan. However, except as provided in
Section 11(a) relating to Capitalization Adjustments, no amendment shall be effective unless approved by the stockholders of the Company to the extent stockholder approval is necessary to satisfy the requirements of Section 422 of the
Code. 
 (b) Stockholder Approval. The Board, in its sole discretion, may submit any other amendment to the Plan for
stockholder approval. 
 (c) Contemplated Amendments. It is expressly contemplated that the Board may amend the Plan in any
respect the Board deems necessary or advisable to provide eligible Employees with the maximum benefits provided or to be provided under the provisions of the Code and the regulations promulgated thereunder relating to Incentive Stock Options and/or
to bring the Plan and/or Incentive Stock Options granted under it into compliance therewith. 
 (d) No Impairment of Rights.
Rights under any Stock Award granted before amendment of the Plan shall not be impaired by any amendment of the Plan unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in writing. 

(e) Amendment of Stock Awards. The Board at any time, and from time to time, may amend the terms of any one or more Stock Awards;
provided, however, that the rights under any Stock Award shall not be impaired by any such amendment unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in writing. 

13. TERMINATION OR SUSPENSION OF THE PLAN. 

(a) Plan Term. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the
day before the tenth (10th) anniversary of the date the Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is
terminated. 
 (b) No Impairment of Rights. Suspension or termination of the Plan shall not impair rights and obligations
under any Stock Award granted while the Plan is in effect except with the written consent of the Participant. 

  
 16. 

 14. EFFECTIVE DATE OF PLAN. 

The Plan shall become effective as determined by the Board, but no Stock Award shall be exercised (or, in the case of a stock bonus, shall be
granted) unless and until the Plan has been approved by the stockholders of the Company, which approval shall be within twelve (12) months before or after the date the Plan is adopted by the Board. 

15. CHOICE OF LAW. 

The law of the State of Delaware shall govern all questions concerning the construction, validity and interpretation of this Plan, without
regard to such state’s conflict of laws rules. 

  
 17.

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