Document:

Exhibit 4.1

 

 
 ALCATEL LUCENT 

ARTICLES OF ASSOCIATION AND BY-LAWS 

MAY 28 , 2014 
  

 
 

 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT AND HAS
NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN FRENCH
LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

ARTICLES OF ASSOCIATION AND BY-LAWS 

Article 1 – Legal Form 
 The Company,
made up of holders of existing shares and shares that may be issued in the future, is in the form of a “société anonyme” governed by the statutory and regulatory provisions in force at present and in the future and by
the present Articles of association and by-laws. 
 Article 2 – Purpose 

The purpose of the Company in all countries shall be: 
  

	1/	The study, the manufacture, the development and the business of all devices, equipment and software relating to domestic, industrial, civilian or military applications and other applications related to electricity,
telecommunications, data processing, electronics, space industry, nuclear power, metallurgy and generally to all means of production and transmission of power or communications (cables, batteries and other components) and all possible activities
related to operations and services in connection with the above-mentioned means. 

  

	2/	The acquisition, the use and the sale or transfer of all patents, licenses, royalties, manufacturing processes and secrets, knack, patterns, trademarks or software related to the devices and equipment mentioned in the
above paragraph. 

  

	3/	The creation, the acquisition, the use, the transfer, the leasing of all industrial or commercial premises, factories, buildings, equipment and machines of any kind, necessary or useful for the implementation of its
objects. 

  

	4/	The acquisition of equity participations in any company, association, partnership, French or other, irrespective of its legal form, object and activity. 

 

	5/	The management of shares and securities, investment by any means whatsoever, and in particular by acquisition, increase in capital, take-over or merger. 

 

	6/	The creation, the acquisition, the taking of lease or granting, the management of all companies, French or others, whatever their activities, and in particular in the financial, industrial, commercial, mining,
agricultural fields or connected to the activities described in paragraph 1. 

  

	7/	The management of its own assets, fixed or moveable, and of any assets, irrespective of their structure. 

 The
above shall be carried out by the Company, directly or indirectly, by way of forming companies, contributions, subscription or purchase of securities or corporate rights, merger, take-over, capital investment by a silent partner, partnerships or in
any other way. 
 In general, the Company may carry out all industrial, commercial, financial operations, fixed or moveable property, connected, directly or
indirectly, wholly or in part, to the above-mentioned object and to similar or related objects. 

  
 2 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Article 3 – Name 

The name of the Company is: 
 Alcatel Lucent 

Article 4 – Registered office 
 The
registered office is at 148/152, route de la Reine – 92100 Boulogne Billancourt. 
 Article 5 – Duration 

Except in the case of an early termination or extension agreed by an extraordinary Shareholders’ Meeting, the duration of the company shall be ninety
nine years as of July 1, 1987. 
 Article 6 – Capital 

The share capital is set at one hundred forty million seven hundred five thousand eight hundred and nine euros (€ 140,705,809). It is made up of two
billion eight hundred fourteen million one hundred and sixteen thousand one hundred and eighty shares (2,814,116,180) with a par value of five cent (0.05 Euro) each, fully paid up. 

Article 7 – Form, registration, holders, thresholds of shares 

Shares shall be registered until fully paid up. 
 Fully paid-up
shares shall be registered or bearer shares as the Shareholder chooses, subject to the provisions of (2) below. Further to the statutory requirement to notify the Company of certain percentage share holdings, any Shareholder, natural or legal
person holding a number of Company shares equal to or in excess of: 
  

	1/	2% of the total number of the shares must, within a period of five trading days from the date on which this share ownership threshold is reached, inform the company of the total number of shares that he owns, by letter
or fax. This notification shall be renewed under the same conditions each time a further threshold of 1% is reached. 

  

	2/	3% of the total number of the shares must, within a period of five trading days from the date on which this share ownership threshold is reached, request the registration of his shares. This obligation to register
shares shall apply to all the shares already held as well as to any which might be acquired subsequently in excess of this threshold. The copy of the request for registration, sent by letter or fax to the company within fifteen days from the date on
which this share ownership threshold is reached, shall be deemed to be a notification that the threshold has been reached. A further request shall be sent in the same conditions each time a further threshold of 1% is reached, up to 50%.

 Calculation of the thresholds in (1) and (2) above shall include indirectly held shares and shares equivalent to existing shares
as defined in Article L. 233-7 and seq. of the Commercial Code. 
 Shareholders must certify that all securities owned or held as defined in the preceding
paragraph are included in each such declaration and must also indicate the date(s) of acquisition. 

  
 3 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Should Shareholders not comply with the provisions set forth in (1) and (2) above, voting rights
for shares exceeding the declarable thresholds shall, at the request of one or more Shareholders holding at least 3% of share capital, be withdrawn under the conditions and within the limits laid down by law. 

Any shareholder whose shareholding falls below either of the thresholds provided for in (1) and (2) above must also inform the company thereof,
within the same period of five days and in the same manner. 
 Shares shall be materialized by registration in the owner’s name in the books of the
issuing Company or of an authorized intermediary. 
 Transfers of registered securities shall be made from one account to another. The registration,
transfer and disposal of securities shall be carried out in accordance with the laws and regulations in force. 
 Where the parties are not exempted from
such formalities by law, the Company may require certification of signed declarations, transfer or assignment orders in accordance with the laws and regulations in force. 

The Company may, in accordance with the laws and regulations in force, request from all organizations or authorized intermediaries any information concerning
Shareholders or holders of securities with immediate or future voting rights, their identity, the number of securities they hold and the possible limitations imposed on them. 

Article 8 – Paying-up of the shares 

The total amount of the shares issued by way of increase in capital and to be paid-up in cash is payable under the conditions set out by the Board of
Directors. The calling-up of capital is notified to the subscribers and Shareholders at least ten days before the date fixed for each payment, by a notice inserted in a legal journal appearing in the place where the registered office of the Company
is situated, or by individual recorded delivery. 
 Any delay in the payment of sums due shall incur, in itself, and without the need for any formalities,
the payment of interest at the legal rate, on a daily basis, starting from the date of the demand for payment without prejudice to the personal action that the Company can exercise against the defaulting Shareholder and the means of enforcement
provided for by law. 
 Article 9 – Rights and obligations of shares 

Each share shall give entitlement to Company assets and distribution of profits in the proportions set out in Articles 24 and 25 below, with the exception of
rights attached to shares of different categories that may be created. 
 Tax charges shall be levied as a whole on all shares without distinction, such
that each share in a same Class shall give entitlement to payment of the same net amount on any distribution or reimbursement made during the Company’s term or on liquidation. 

Shareholders shall be liable only up to the nominal amount of each share held. Any call to pay in capital in excess of such amount is prohibited. 

  
 4 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Dividends and income from shares issued by the Company shall be paid under the conditions authorized or
provided for by the regulations in force and in such a way as the Shareholders’ Meeting or, failing that, the Board of Directors, shall decide. 

Rights and obligations shall remain attached to a share regardless of who holds the share. 

Ownership of a share entails as of right acceptance of the Company’s Articles of association and bylaws and of resolutions of the Shareholders’
Meeting. 
 Shares are indivisible with regard to the Company; joint owners of shares must be represented by a single person. Shares with usufruct must be
identified as such in the share registration. 
 Article 10 – Creditors of Shareholders 

Creditors of a Shareholder may not, by whatsoever means, cause the goods or assets of the Company to be placed under seal, divided or sold by auction and may
not interfere in any way with the Company’s management. In the exercise of their rights they must rely on Company records and resolutions of Shareholders’ Meeting. 

Article 11 – Issuance of securities representing debt 

The company may contract borrowings as and when needed by means of the issuance of securities representing debt, under the conditions provided by law. 

Article 12 – Management 
 The Company
shall be managed by a Board of Directors consisting of no less than six and no more than fourteen members. 
 Each director must hold at least 500 Company
shares.” 
 Article 13 – Term of office for Director – Age limit 

The directors are elected for a period of three years. Exceptionally, the Shareholders’ Meeting may appoint a director for a period of one or two years
in order to stagger the directors’ terms of office. Outgoing directors shall be eligible for re-election, subject to the provisions below. 
 A
director appointed to replace another director shall hold office only for the remainder of his predecessor’s term of office. 
 The maximum age for
holding a directorship shall be 70. This age limit does not apply if less than one third, rounded up to the nearest whole number, of serving directors have reached the age of 70. No director over 70 may be appointed if as a result more than one
third of the serving directors rounded up as defined above, are over 70. 
 If for any reason whatsoever the number of serving directors over 70 should
exceed one third as defined above, the oldest director(s) shall automatically be deemed to have retired at the ordinary Shareholders’ Meeting called to approve the accounts of the financial year in which the proportion of directors over 70
years was exceeded, unless the proportion was re-established in the interim. 

  
 5 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Directors representing legal persons shall be taken into account when calculating the number of directors to
which the age limit does not apply. 
 Directors representing legal persons must replace any 70 year old representative at the latest at the ordinary
Shareholders’ Meeting called to approve the accounts of the financial year in which such representative reached the age of 70. 
 The age limitations
set forth in this Article shall apply to any Chairman of the Board of Directors, provided that such Chairman is not also the Chief Executive Officer of the Company, in which case the age limitation set forth in Article 18 shall apply. 

Article 14 – Board observers 
 On
proposal of the Chairman, the Board of directors must propose to the Shareholders’ Meeting the appointment of two Board observers satisfying the conditions described hereunder. The Board observers shall be called to the meetings of the Board of
directors and shall participate in a consultative capacity. The Board observers are elected for a period of three years. Exceptionally, the Shareholders’ Meeting may appoint a Board observer for a period of two years in order to stagger the
Board observers’ terms of office. Outgoing Board observers shall be eligible for re-election. 
 They shall be, at the time of their appointment, both
salaried employees of the Company or of an affiliate and members of a mutual fund in accordance with the conditions set out below. All mutual funds meeting the conditions below may nominate candidates for appointment as censeurs. 

With regard to the above provisions: 
  

	1.	An affiliate of the Alcatel Lucent group shall be defined as any company in which Alcatel Lucent directly or indirectly holds at least half of the voting rights and/or any company in which an Alcatel Lucent
affiliate directly or indirectly holds at least half of the voting rights. 

  

	2.	The mutual funds referred to above are those formed as a result of a Company share holding scheme in which the Company or an affiliate is a participant and having at least 75% of its portfolio in Company shares.

 If for any reason one of the board observers appointed by the Shareholders’ Meeting as provided above should no longer meet the joint
conditions defined above (employee of the group or an affiliate and member of a mutual fund), he shall automatically be deemed to have retired one calendar month after the joint conditions are no longer met. 

Should the number of board observers meet the joint conditions as defined above (employment in the group and membership of a mutual fund) fall below the
number of two for any reason whatsoever, the Board of Directors must make up its numbers within three months either by appointment upon the affirmative vote of the majority of the directors present or represented, subject to ratification by the
nearest shareholders’ meeting, or by calling a Shareholders’ Meeting to appoint a board observer meeting the conditions defined hereunder. 
 On
the Chairman’s proposal, the board of directors can propose to the Annual Shareholders’ Meeting the appointment of one or more board observer who do not meet the above requirements, among the shareholders or not, it being specified that
total number of board observer shall not exceed six. 
 The board observer compensation shall be determined by the Shareholders Meeting on a yearly basis
and allocated by the board of directors. 

  
 6 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Article 15 – Meetings of the Board of directors 

 

	1.	Board shall meet as often as required in the interest of the Company at the corporate headquarters or any other location , either in France or abroad, as determined by the Chairman in consultation with the Chief
Executive Officer. 

 The meeting is called by the Chairman as stipulated by law, by any means, even verbally, and may be
called at the request of the Chief Executive Officer or at least one-third of the directors. 
 An agenda clearly stating matters to be
discussed shall be attached to each notice of meeting. 
 In the event the Chairman and the Vice-Chairman or Chairmen cannot attend, the
Chairman or, if he does not do so, the Board may designate for each meeting the director who shall chair the meeting. 
  

	2.	Any director, whether a natural person or the standing representative of a legal person, may give another director power of attorney to represent him at a board meeting; the authorized agent must show proof of his power
of attorney at the start of the meeting. Directors may hold only one power of attorney per meeting which shall be valid for a specific meeting only. 

Except in the cases excluded by law, directors who participate in meetings of the board of directors by means of videoconferencing or of
telecommunication enabling them to be identified and guaranteeing their effective participation under the conditions provided by applicable law, shall be deemed to be present for the purposes of calculating the meeting’s quorum and majority.

  

	3.	Except as stipulated in Paragraphs 3 and 4 of Article 16 below, for resolutions governing the choice of management, resolutions shall be adopted under the quorum and majority laid down by law. In the event of a tie,
neither the Chairman nor any director acting as chairman shall have casting vote. 

  

	4.	The minutes of the meetings shall be drawn up and copies shall be certified and delivered in accordance with the law. 

  

	5.	On the Chairman’s proposal, the Board may authorize members of management or third parties to attend Board meetings; they shall not have a vote 

Article 16 – Powers and duties of the Board of directors 
  

	1/	The Board of Directors is vested with complete authority granted to it by the legislation in effect. 

The Board shall determine the business strategies of the company and shall ensure their implementation. 

Subject to the authority expressly reserved for the Shareholders, and within the limits of the corporate purpose, the Board of Directors shall
deal with any question that affects the company’s operations, and governs the affairs of the company through its deliberations. 
  

	2/	The Board of Directors shall decide whether the management of the company will be performed by the Chairman of the Board of Directors or by a Chief Executive Officer. 

  
 7 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 The Board of Directors may deliberate on this choice only if at least two-thirds of its
current members are present. When it has been unable to deliberate because the required quorum is not present, the Board of Directors must meet a second time to deliberate again within a maximum period of ten days. 

 

	3/	The Board’s decision with respect to the management method of the company shall be made by a two-thirds majority of the directors present or represented, and shall remain valid until a new decision from the Board.

  

	4/	Each director shall receive all of the information necessary to perform the duties of his office and may obtain any document he deems useful. 

 

	5/	Notwithstanding statutory provisions, particularly those concerning the chairman of the Board of Directors or the Chief Executive Officer, if he is a director, directors do not in the exercise of their management enter
into any personal or joint undertaking with regard to the Company’s commitments; within the limits set by the laws in force, they shall only be liable for performance of their appointed duties. 

Article 17 – Chairman, Vice-Chairmen, Chief Executive Officer, 

Deputy Chief Executive Officers, and Secretary 
  

	1.	The Board of Directors shall appoint, under a simple majority vote of the directors present or represented, from among its members a Chairman for a term not to exceed the term of his/her position as a director.

 The Chairman of the Board of Directors shall perform the missions assigned to him by law; in particular, he shall ensure the
proper functioning of the company’s governing bodies. He shall chair meetings of the Board of Directors, organize the work of the Board, and ensure that the directors are able to fulfill their mission. 

The Board of Directors shall appoint, if it so wishes, one or more Vice-Chairman, and shall set their term of office which may not exceed their
term as director. The Vice-Chairman, or the most senior Vice-Chairman, shall perform the duties of the Chairman when he is unable to do so. 
  

	2.	If the Board of Directors does not assign the general management of the Company to the Chairman, the Board of Directors shall appoint, under a simple majority vote of the directors present or represented, whether from
among its members or outside the board, a Chief Executive Officer for a term, determined by the Board of Directors at the time of such appointment, not to exceed, if applicable, the term of his/her position as a director. 

 

	3.	The Chief Executive Officer is invested as of right with the fullest power to act in all circumstances as the Company’s behalf, within the limits of the corporate purpose and subject to the powers expressly
invested in Shareholders’ Meetings by law and the powers specifically invested in the Board of Directors. 

 The Chief
Executive Officer shall represent the company in its relations with third parties. He shall represent the company in the courts. 
 When the
Chairman of the Board of Directors assumes the management of the company, the provisions of this Article and the law governing the Chief Executive Officer shall apply to him. 

  
 8 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

	4.	On the proposal of the Chief Executive Officer, the Board of Directors may authorize one or more persons to assist him, who shall have the title of Senior Executive Vice-President. 

A maximum of five Senior Executive Vice-Presidents may be appointed. 

The scope and duration of the powers delegated to Senior Executive Vice-Presidents shall be determined by the Board of Directors in agreement
with the Chief Executive Officer. 
 Senior Executive Vice-Presidents have the same authority as the Chief Executive Officer with respect to
third persons. 
 In the event the office of Chief Executive Officer becomes vacant, the duties and powers of the Senior Executive Vice-Presidents shall continue until the appointment of a new Chief Executive Officer, unless otherwise decided by the Board of Directors. 
  

	5.	The Board of Directors on the recommendation of the Chairman or the Chief Executive Officer, the chairman or the Chief Executive Officer themselves and the Senior Executive Vice President or Vice Presidents, may, within
the limits set by law, delegate such powers as they or he deem fit, either for the management or conduct of the Company’s business or for one or more specific purposes, to all authorized agents, whether members of the board or not or member of
the Company or not, individually or as committees. Such powers may be standing or temporary and may or may not be delegated to deputies. 

All or some of such authorized agents may also be authorized to authenticate all copies or extracts of all documents for which certification
procedures are not laid down by law, and in particular all powers of attorney, Company accounts and Articles of association and by-laws, and to issue all certificates pertaining thereto. 

Powers of attorney granted by the board of directors, the Chairman, the Chief Executive Officer or the Senior Executive Vice President or Vice
Presidents pursuant to the present Articles of association and by-laws shall remain effective should the terms of office of the Chairman, the Chief Executive Officer, the Senior Executive Vice President, or directors expires at the time such powers
of attorney were granted. 
  

	6.	The Board shall appoint a secretary and may also appoint a deputy secretary under the same terms. 

Article 18 – Age limit for Chief executive Officer and Deputy Executive Officers 

The Chief Executive Officer and Deputy Executive Officers may hold office for the period set by the Board of Directors, but this period shall not exceed their
term of office as directors, if applicable, nor in any event shall such period extend beyond the date of the Ordinary Shareholders’ Meeting called to approve the financial statements for the fiscal year in which they shall have reached 68 years
of age. The same age limit shall apply to the Chairman when he/she is also the Chief Executive Officer. When the Chairman does not also occupy the position of Chief Executive Officer, he may hold the office of Chairman for the period set by the
Board of Directors, but this period shall not exceed his/her term of office as director, subject to the terms set forth in Article 13. 

  
 9 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Article 19 – Remuneration of Corporate Officers and Directors 

 

	1.	The remuneration for the Chairman of the Board of Directors, the Chief Executive Officer, and the Senior Executive Vice-President or Vice-Presidents shall be set by the Board of
Directors. Said remuneration may be fixed and/or proportional. 

  

	2.	The Shareholder’s Meeting may award and set directors’fees which shall remain unchanged until amended by a new resolution. 

The board shall distribute said amount among the directors as it sees fit and as required by law. 

Directors may not receive from the Company any remuneration, permanent or not, other than those specified by the law or nor contrary to it. 

Article 20 – Statutory auditors 
 The
ordinary Shareholders’ Meeting shall appoint at least two statutory auditors to undertake the duties required by law. The auditors may be reappointed. 

The Shareholders’ Meeting shall appoint as many deputy auditors as statutory auditors pursuant to paragraph 1 above. 

Article 21 – Shareholders’ Meetings 
  

	1.	Ordinary and extraordinary Shareholder’s Meetings shall be convened and held according to the rules and procedures laid down by law. 

The duly constituted Shareholders’ Meeting shall represent all the Shareholders. 

Its decisions are binding on all Shareholders, including those not present or dissenting. 

 

	2.	Meetings shall take place at the registered office or at any other place specified in the notice of Meeting. 

  

	3.	A shareholder may participate in a Shareholders’ Meeting in person, by mail or by proxy upon presentation of proof of identity and upon proof of registration of his shareholding in the company, at midnight (French
time) on the third Business Day prior to the Shareholders’ Meeting, either in the shareholders’ register held by the company or in the register of bearer shares held by the authorized intermediary. Entry in the register of bearer shares
held by the authorized intermediary shall be proved by a certificate of attestation of the shareholding to be delivered by the authorized intermediary within the time and on the terms and conditions stipulated in the regulations in force.

 Subject to the terms and conditions defined by regulations and the procedures defined by the Board of Directors,
Shareholders may participate and vote in all Ordinary or Extraordinary Shareholders’ Meetings by video-conferencing or any electronic communication method, including internet, that allows identification of the Shareholder. 

 

	4.	Subject to the conditions defined by regulations, Shareholders may send their proxy or mail voting form for any Ordinary or Extraordinary Meeting either in paper form or, on the decision of the Board of Directors
published in the notices of meetings, by electronic transmission. The electronic signature of the form consists, by a prior decision of the Board of directors, of any process of identifying which safeguards its link with the electronic form to which
it relates by a login and password or any other process in the conditions defined by regulations in force. 

  
 10 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 In order to be considered, all necessary forms for votes by mail or by proxy must be received
at the Company’s registered offices or at the location stated in the notice of the Meeting at least three days before any Shareholders’ Meeting. This time limit may be shortened by decision of the Board of Directors. Instructions given
electronically that include a proxy or power of attorney may be accepted by the company under the conditions and within the deadlines set by the regulations in effect. 
  

	5.	The Meeting may be rebroadcast by video-conferencing or electronic transmission. If applicable, this will be mentioned in the notice of Meeting. 

 

	6.	A shareholder who has voted by correspondence, sent a delegation of power or requested an admission card or certificate of attestation of shareholding may nevertheless transfer all or part of the shares in respect of
which he has voted by correspondence, sent a delegation of power or requested an admission card or certificate of attestation of shareholding. However, if the transfer occurs prior to midnight (French time) on the third Business Day prior to the
Shareholders’ Meeting, upon notification by the authorized intermediary which holds the share register, the company shall cancel or amend, as the case may be, the vote by correspondence, the delegation of power, the admission card or the
certificate of attestation of shareholding. Notwithstanding any agreement to the contrary, no transfer or any other transaction which occurs after midnight (French time) on the third Business Day prior to the Shareholders’ Meeting, whatever
means are used, shall be notified by the authorized intermediary or taken in to account by the company. 

  

	7.	The Shareholders’ Meeting shall be chaired either by the Chairman or Vice Chairman of the Board of Directors, or by a director appointed by the Board of Directors or by the Chairman. 

Shareholders shall appoint the officers of the Meeting made up of the Chairman, two tellers and a secretary. 

The tellers shall be the two members of the Meeting representing the largest number of votes or, should they refuse, those who comme after in
descending order until the duties are accepted. 
  

	8.	Copies or extracts of the minutes may be authentificated by the Chairman of the Board of Directors, the secretary of the Shareholders’ Meeting, or the director appointed to chair the Meeting. 

Article 22 – Voting rights 
 Without
prejudice to the following provisions, each member of the Shareholders’ Meeting has as many votes as shares that he owns or represents. 
 However,
double voting rights are attached to all fully paid up registered shares, registered in the name of the same holder for at least three years. 
 Double
voting rights shall be cancelled as of right for any share that is converted into a bearer share or whose ownership is transferred. However, the period set here above shall not be interrupted, nor existing rights cancelled, where ownership is
transferred, the shares remaining in registered form, as a result of intestate or testamentary succession, the division between spouses of a common estate, or donation inter vivos in favor of a spouse or heirs. 

Voting rights in all ordinary, extraordinary or special Shareholders’ Meetings belong to the usufructuary. 

  
 11 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Article 23 – Financial year 

The financial year shall begin on January 1st and end on December 31st. 
 Article 24 – Allocation of profits 

The difference between the proceeds and the expenses of the financial year, after provisions, constitutes the profits or the losses for the financial year.
From the profits, minus previous losses, if any, shall be deducted the sum of 5% in order to create the legal reserves, until such legal reserves are at least equal to 1/10th of the share capital.
Additional contributions to the legal reserves will be required if the legal reserves fall below, for any reason, that fraction. 
 The distributable
profits shall be the profits for the financial year minus the previous losses and the above-mentioned deduction plus income carried over. The Shareholders’ Meeting, on a proposal of the board, may decide to carry over some or all of the
profits, to allocate them to reserve funds of whatever kind or to distribute them to the Shareholders as a dividend. 
 Besides, the Shareholders’
Meeting may decide the distribution of sums deducted from the optional reserves, either as initial or additional dividends or as special distribution. In this case, the decision indicates clearly the items from which the said sums are deducted.
However, the dividends are deducted first from the distributable profits of the financial year. 
 The ordinary Shareholders’ Meeting may grant each
Shareholder, for all or part of the dividend distributed or the interim dividend, the option to receive payment of the dividend or interim dividend in cash or in shares. 

The Shareholders’ Meeting or the Board of Directors, in the case of an interim dividend, fix the date from which the dividend shall be distributed. 

Article 25 – Dissolution and liquidation 

The Shareholders’ Meeting, under the quorum and majority conditions laid down by law, may, at any time and for any reason whatsoever, decide the early
dissolution of the Company. 
 When the Company reaches its due date, or in the event of early dissolution, the Shareholders’ Meeting shall decide the
manner of liquidation, appoint one or more liquidators and set their powers, their terms of office and their remuneration. 
 In the event of the death,
resignation or indisposition of the liquidators the ordinary Shareholders’ Meeting, called under the condition laid down by law, shall take steps to replace them. 

The Shareholders’ Meeting shall retain the same powers during liquidation as in the Company’s course of business. 

On completion of the liquidation the Shareholders shall be called to approve the liquidator’s accounts and discharge him and to record the closing of the
liquidation. 
 The liquidator(s) shall carry out their duties under the conditions laid down by law. In particular, they shall realize all the
Company’s movable and fixed assets, including by private treaty, and extinguish all its liabilities. They may also, with the authorization of the extraordinary Shareholders’ Meeting, transfer the Company’s entire assets or contribute
them to another company, in particular by way of a merger. 

  
 12 

 THIS DOCUMENT IS A TRANSLATION FROM FRENCH INTO ENGLISH, DELIVERED AT THE REQUEST OF THE RECIPIENT
AND HAS NO OTHER VALUE THAN AN INFORMATIVE ONE. 
 SHOULD THERE BE ANY DIFFERENCE BETWEEN THE FRENCH AND THE ENGLISH VERSION, ONLY THE TEXT IN
FRENCH LANGUAGE SHALL BE DEEMED AUTHENTIC AND BINDING. 
  
  

 

 Assets remaining after all liabilities have been extinguished shall first be used to pay Shareholders a sum
equal to the paid up and non-redeemed capital. Any surplus shall constitute profits and shall be divided between all the Shareholders, subject to rights related to shares of different classes, if any. 

Article 26 – Disputes 
 Any disputes
that may arise during the Company’s term or at its liquidation, whether between Shareholders and the Company or between Shareholders themselves where they concern Company matters, shall be subject to the jurisdiction of the competent courts.

  
 13EX-10.1

 Exhibit 10.1 

FIRST AMENDMENT TO LEASE 

Menlo Business Park 
 1555 Adams
Drive 
 Menlo Park, California 

This First Amendment to Lease (this “Amendment”) is entered into as of December 17, 2014 (the
“Effective Date”), by and between MENLO PREHC I, LLC, a Delaware limited liability company, MENLO PREPI I, LLC, a Delaware limited liability company, and TPI INVESTORS 9, LLC, a California limited
liability company (collectively, “Lessor”), and INTERSECT ENT, INC., a Delaware corporation (“Lessee”). 

RECITALS 
 A. Menlo
Business Park, LLC, a California limited liability company (“Original Lessor”), and Lessee entered into that certain Lease dated March 2, 2012 (the “Original Lease”), for the certain Premises
consisting of approximately 32,458 rentable square feet referred to as Suite “B” of Building 17, located at 1555 Adams Drive, Menlo Park, California 94025 (the “Original Premises”). Lessor acquired the
lessor/landlord’s interest in the Premises from Original Lessor. 
 B. Lessor and Lessee now wish to enter into this Amendment to
modify the Lease and provide for the expansion of the Original Premises to include approximately 15,115 rentable square feet referred to as Suite “A” on the First Floor of the Building as more particularly described in Exhibit
A-1, attached (the “Expansion Premises”) plus that certain Storage Mezzanine Area consisting of approximately 2,800 rentable square feet on the Second Floor of the Building as more particularly described in Exhibit
A-2, attached (the “Mezzanine Storage Area”), to extend the Term of the Lease for the Original Premises and to amend the Lease in certain other respects, on the terms set forth in this Amendment. 

AGREEMENT 
 NOW,
THEREFORE, the parties agree as follows: 
 1. Lease Definitions: Except as specifically provided herein to the contrary, terms
defined in the Lease, which are used in this Amendment, shall have the same meaning as in the Lease. 
 2. Extension of Term for Original
Premises. As of the Effective Date hereof, the term of the Lease for the Original Premises shall be extended for a period of sixty (60) months (the “Extension Term”) commencing as of June 1, 2015 and expiring on
May 31, 2020 (the “Expiration Date”), unless sooner terminated in accordance with the provisions of this Lease. Upon the expiration or earlier termination of the Lease, Lessee shall vacate and surrender to Lessor the
Premises in the condition required by the Lease, subject to the terms of Section 10 below. 
 3. Expansion Premises
Commencement Date. The Expansion Premises shall be added to the Original Premises effective as of the later to occur of (a) April 1, 2015 and (b) the 

  
 1 

 
earlier to occur of (i) the date Lessee commences occupancy of all or any portion of the Expansion Premises for purposes of conducting the Use permitted as more particularly described in
Section 8 of the Original Lease or (ii) the date the Tenant Improvements have been Substantially Completed (as defined in Section 13(d) of the Original Lease) (the “Expansion Premises Commencement
Date”). The term of the Lease for the Expansion Premises shall commence on the Expansion Premises Commencement Date and shall expire on the Expiration Date, unless sooner terminated in accordance with the provisions of this Lease or as
permitted by law. The lease of the Expansion Premises shall be upon the same terms and conditions as with respect to the Original Premises, except that (i) the Monthly Rent for the Original Premises and Expansion Premises shall be determined as
set forth in Section 5 below; (ii) Lessee’s Share of Additional Rent shall be determined as set forth in Section 6 below; and (iii) except as explicitly set forth in this Amendment, Lessee shall accept the
Expansion Premises in its “as is” condition. Upon the Expiration Date or earlier termination of the Lease, Lessee shall vacate and surrender to Lessor the Expansion Premises in the condition required by the Lease, subject to the terms of
Section 10 below. The Expansion Premises together with the Original Premises shall constitute a total rentable square footage of approximately 47,573 rentable square feet, and all references in the Lease to “Premises” shall
mean and refer, collectively, to the Original Premises and Expansion Premises, upon the addition thereof on the Expansion Premises Commencement Date. 

4. Mezzanine Storage Area Commencement Date. The Mezzanine Storage Area shall be added to the Original Premises effective thirty
(30) days following Lessee’s receipt of Lessor’s Mezzanine Storage Area Commencement Date Notice. Lessor shall provide such Notice at any time not less than six (6) months and not more than twelve (12) months following the
Effective Date of this Amendment (the “Mezzanine Storage Area Commencement Date”). The term of the Lease for the Mezzanine Storage Area shall commence on the Mezzanine Storage Area Commencement Date and shall expire on the
Expiration Date, unless sooner terminated in accordance with the provisions of this Lease or as permitted by law. The lease of the Mezzanine Storage Area shall be upon the same terms and conditions with respect to the Original Premises, except that
(i) the Monthly Rent for the Mezzanine Storage Area shall be determined as set forth in Section 5(c) below; and (ii) Lessee shall accept the Mezzanine Storage Area in its “as is” condition. Upon the Expiration Date or
earlier termination of the Lease, Lessee shall vacate and surrender to Lessor the Mezzanine Storage Area in the condition required by the Lease, subject to the terms of Section 10 below. The Mezzanine Storage Area, the Expansion Premises
together with the Original Premises shall constitute a total rentable square footage of approximately 50,373 rentable square feet, and all references in the Lease to “Premises” shall mean and refer, collectively, to the Original Premises,
Expansion Premises and the Mezzanine Storage Area, upon the addition thereof on the Mezzanine Storage Area Commencement Date. 
 5.
Monthly Base (or Gross) Rent During the Extension Term. 
 (a) Original Premises. The Monthly Base Rent for the Original
Premises for the time period between the Effective Date of this Amendment and the commencement of the Extension Term shall be governed by the Original Lease. During the Extension Term, the Monthly Base Rent for the Original Premises shall be as
follows: 

  
 2 

													
	 Period
	  	Sq. Ft.	 	  	Rent/SF/Mo./NNN	 	  	Amount/Month	 
	6/1/15 – 9/30/2015	  	 	32,458	  	  	$	0.00	  	  	$	0.00	  
	10/1/15 – 5/31/2016	  	 	32,458	  	  	$	2.50	  	  	$	81,145.00	  
	6/1/16 – 5/31/2017	  	 	32,458	  	  	$	2.58	  	  	$	83,741.64	  
	6/1/17 – 5/31/2018	  	 	32,458	  	  	$	2.65	  	  	$	86,013.70	  
	6/1/18 – 5/31/2019	  	 	32,458	  	  	$	2.73	  	  	$	88,610.34	  
	6/1/19 – 5/31/2020	  	 	32,458	  	  	$	2.81	  	  	$	91,206.98	  

 (b) Expansion Premises. The Monthly Base Rent for the Expansion Premises shall be as follows: 

 

													
	 Period
	  	Sq. Ft.	 	  	Rent/SF/Mo./NNN	 	  	Amount/Month	 
	 Expansion Premises Commencement Date - Last day of Month 7*
	  	 	15,115	  	  	$	0.00	  	  	$	0.00	  
	 Months 8 – 12
	  	 	15,115	  	  	$	2.50	  	  	$	37,787.50	  
	 Months 13 – 24
	  	 	15,115	  	  	$	2.58	  	  	$	38,996.70	  
	 Months 25 – 36
	  	 	15,115	  	  	$	2.65	  	  	$	40,054.75	  
	 Months 37 – 48
	  	 	15,115	  	  	$	2.73	  	  	$	41,263.95	  
	 Months 49 – 5/31/2020
	  	 	15,115	  	  	$	2.81	  	  	$	42,473.15	  

  

	*	Months denoted in this Section 5(b) refer to the months counted from the Expansion Premises Commencement Date. 

(c) Mezzanine Storage Area. From and after the later of (i) the Mezzanine Storage Area Commencement Date and
(ii) October 1, 2015, and through the initial Expiration Date (May 31, 2020), the Monthly Gross Rent for the Mezzanine Storage Area shall be as follows: 
  

									
	 Sq. Ft.
	  	Gross Rent/rsf/Mo.	 	  	Amount/Month	 
	 2,800
	  	$	1.20	  	  	$	3,360	  

 Provided Lessee properly exercises its Option to Extend described in Section 8, below, the Gross Rent per rentable
square foot per month shall be adjusted on June 1, 2020 to 100% of current fair market rental for the Mezzanine Storage Area which shall be calculated to be the then current fair market rental for “Cold Shell” space as that term is
defined in the real estate industry in Menlo Park, California, the (“Mezzanine Storage Extended Term Rate”). If the parties cannot agree on a Mezzanine Storage Extended Term Rate, then the parties shall follow the appraisal
procedures set forth in Section 3(c) of the Original Lease for “Cold Shell” space. Monthly Base Rent for the Original Premises and Expansion Premises and Monthly Gross Rent for the Mezzanine Storage Area shall be payable in
monthly installments in advance on the first day of each month without deduction or offset and without prior demand or notice. 

  
 3 

 Concurrently with the execution of this Amendment by Lessee, Lessee shall pre-pay the first (1st) full
month’s Rent payable for the Extension Term which sum equals One Hundred Eighteen Thousand, Nine Hundred Thirty-Two and 52/100s Dollars ($118,932.50). 

Unless otherwise instructed by Lessor, Lessee shall pay all Rent to Menlo Park Portfolio at P.O. Box 310300 (Property: 435020), Des Moines, Iowa 50331-0300.

 6. Additional Rent; Operating Expenses and Taxes. 

(a) From and after the Expansion Premises Commencement Date, the Lease is hereby amended to provide that Lessee’s Share of Operating
Expenses of the Property shall be 100% and Lessee’s Share of Operating Expenses and Taxes of Menlo Business Park shall be 5.95%. Notwithstanding that Lessee shall have free Monthly Base Rent for the Original Premises and the
Expansion Premises as set forth in Section 5(a) and Section 5(b) above, respectively, Lessee shall still be required to pay Lessee’s Share of Operating Expenses for the Property and Lessee’s Share of Operating
Expenses and Taxes for the Menlo Business Park during such free Monthly Base Rent periods, without any offset or adjustment. 
 (b)
Lessee’s right to audit Lessor’s books and records set forth in Section 5(e) of the Original Lease shall remain in effect for the Term of the Lease, as extended hereby, and shall apply with respect to the Original Premises,
Expansion Premises, and if applicable, the Mezzanine Storage Area. 
 7. Condition of the Expansion Premises on the Expansion Premises
Commencement Date. Lessor represents and warrants that as, of the Expansion Premises Commencement Date, it will obtain a temporary or permanent Certificate of Occupancy for the Expansion Premises. On the Expansion Premises Commencement Date,
Lessor shall deliver the Expansion Premises and all of the systems of the Premises in good operating condition and repair, including, but not limited to, the HVAC, mechanical, lighting, electrical, life safety, and plumbing systems, structural
systems and all windows and the roof in water tight condition, and in compliance with all applicable laws. Should the Expansion Premises be found to not be in compliance with this Section 7 of the Amendment on the Expansion Premises
Commencement Date or within the first ninety (90) days of the Extension Term, provided Lessee provides Lessor with written notice of the need for repair with a reasonable description thereof on or before the expiration of the ninetieth
(90th) day following the Expansion Premises Commencement Date, Lessor agrees to remedy such non-compliance, at its sole cost and expense (and not as a charge to or Operating Expense payable by Lessee) within a reasonable amount of time
following its receipt of Lessee’s notice hereunder. 
 8. Option to Extend. Lessee shall have one (1) option to extend the
term of the Lease for the entire Premises (the Original Premises, the Expansion Premises and the Mezzanine Storage Area) for one period of either thirty-six (36), at Lessee’s sole discretion, immediately following the Expiration Date as
modified by this Amendment, pursuant to the terms of Section 3 of the Original Lease. 
 9. Tenant Improvements. Upon
execution of this Amendment, Lessor shall cause to be constructed certain improvements and modifications to the Original Premises and the 

  
 4 

 
Expansion Premises substantially consistent with those described on Exhibit B attached hereto (the “Tenant Improvements”) at Lessor’s sole cost and expense, including
constructing new restrooms within the Original Premises, remodeling the restrooms in the Expansion Premises (both as currently described in Exhibit B) and performing the following work with respect to the HVAC system: At the conclusion of the
work described as the Tenant Improvements, Lessor’s HVAC contractor shall, at Lessor’s cost, “tent” the HVAC supplies in both the Original Premises and the Expansion Premises (excepting the Lessee’s clean room) and shall
test the HVAC system and each supply/register for conformity with original design specifications with respect to air supply volume in cubic feet per minute. If any HVAC supply/register is found to be out of compliance with original design
specifications which non-compliance is NOT the result of any change by Lessee (“change” to include the placement of office equipment, prior re-balancing of the system by or on behalf of Lessee, or any other Lessee alteration or act which
results in said non-compliance) then Lessor shall, at its sole cost and expense, undertake to re-balance the non-compliant HVAC supply/register so as to bring each back into compliance with original design specifications. Where the non-compliance
with original design specifications is the result of a “change” by Lessee, Lessor shall have no obligation to re-balance or otherwise bring the affected HVAC supplies/registers into compliance hereunder. Lessor agrees to undertake any
Title 24 or other legal compliance upgrades required as a result of the Tenant Improvements, and to install two (2) additional electric vehicle charging stations in a mutually agreeable location. The Tenant Improvements shall be constructed in
accordance with all applicable laws and the terms of this Lease, in a diligent and good and workmanlike manner, free of defects and using new materials and equipment of good quality. Lessee’s execution of this Amendment will constitute
Lessee’s acknowledgment that the drawing and construction bid attached as Exhibit B correctly depict the proper layout and design for all improvements to the Premises desired by Lessee. Should Lessee desire to make any changes to
Exhibit B, Lessee shall submit a reasonably descriptive “change order”, Lessor shall promptly approve or deny such requested change (and if so denied, with a reasonable explanation therefor), and if/when such change is approved,
Lessee shall promptly pay to Lessor any increase in cost to perform the Tenant Improvements resulting from such change and Lessor shall not be liable for any delay resulting therefrom. Lessor shall have no obligation to proceed with the change until
such payment is received from Lessee. Upon delivery of the Expansion Premises, Lessee shall coordinate a walk-through of the Expansion Premises, and Lessor and Lessee shall complete a punch list indicating any minor deficiencies in the Tenant
Improvements, which do not materially interfere with Lessee’s ability to conduct business operations at the Premises (“Punch List”). Lessor shall promptly cause such items set forth in the Punch List to be completed as required
for compliance with the Tenant Improvements. 
 10. Restoration . Notwithstanding anything to the contrary in the Lease, Lessor
agrees to waive its right to require the Lessee to restore the Premises to its original condition with respect to: (i) any lessee improvements or Alterations within the Original Premises as of the Effective Date of this Amendment and
(ii) with respect to the Tenant Improvements described in Exhibit B. This waiver shall not apply to any lessee improvements or Alterations made by or on behalf of the Lessee other than as provided herein, including any such made after
the Expansion Premises Commencement Date. 

  
 5 

 11. Security Deposit. 

(a) Lessee and Lessor acknowledge that Lessee has deposited Ninety-Two Thousand, Nine Hundred Seventy-Three and 68/100s Dollars ($92,973.67),
in cash, with Lessor pursuant to the Original Lease as security for the performance of Lessee’s obligations thereunder. Concurrently with the execution of this Amendment, Lessee shall deposit an additional One Hundred Forty-Four Thousand, Eight
Hundred Ninety-One and 32/100s Dollars ($144,891.33) with Lessor as an increase in the Security Deposit. The Security Deposit paid by Lessee totaling Two Hundred Thirty-Seven Thousand, Eight Hundred Sixty-Five and no/100s ($237,865.00), shall be
held and applied as set forth in Section 7 of the Original Lease and such amount shall be returned to Lessee following the Expiration Date in accordance with the terms of the Lease. 

(b) Notwithstanding the preceding Section 10(a), following the expiration of the thirty-seventh (37th) month of the Extension
Term (approximately June 30, 2018), provided that no Event of Default has occurred during the Lease Term, then, the Security Deposit shall be reduced effective as of the first (1st) day of the thirty-eighty (38th) month of the
Extension Term by the amount of One Hundred Eighteen Thousand, Nine Hundred Thirty-Two and 50/100s ($118,932.50) leaving a Security Deposit remaining on account with Lessor of One Hundred Eighteen Thousand, Nine Hundred Thirty-two and 50/100s
($118,932.50) for the balance of the Extension Term. Should an Event of Default occur at any time prior to such reduction, this Section 11(b) shall become null and void and of no further force or effect, leaving the full amount of the
Security Deposit described in Section 11(a) above in place. 
 12. Furniture. Exhibit C [to be determined as
soon as reasonably practicable following the Effective Date] shall contain a list of all furniture and equipment owned by Lessor which Lessor desires to make available for Lessee’s use during the Lease Term and Lessee acknowledges its
acceptance of said furniture, subject to the terms and conditions of this Section 12 (collectively, the “Furniture”). The Mezzanine Storage Area will be delivered to Lessee free and clear of any Furniture. Lessor hereby
grants to Lessee a license to use such Furniture during the Term hereof, and Lessee agrees to accept such Furniture in its “AS IS” “WHERE IS” and “WITH ALL FAULTS” condition and Lessee agrees to use the Furniture at its
own risk. Lessee shall use such Furniture with care and maintain it so as to return the same to Lessor upon Lessee’s surrender of the Premises in substantially the same condition as it was in as of the Effective Date, reasonable wear and tear
excluded. If at any time during the Term, Lessee desires to cease using all or part of the Furniture and in any event prior to surrender of the Premises, Lessee agrees to pay Lessor’s vendor (currently Luis Soto) to remove all or part of the
Furniture used by Lessee in the Expansion Premises (and Original Premises too, if applicable under the Lease) and to return the same to Lessor’s designated Furniture storage area. 

13. Signage. During the term of the Lease for the Expansion Premises, Lessee shall be entitled to 100% of the signage available for
lessees of the Building, including monument signage, in accordance with Section 26 of the Lease, including that all such signage shall be subject to compliance with the Menlo Park sign ordinances and regulations and shall be subject to
Lessor’s prior approval as to the location, size and design thereof. 

  
 6 

 14. Parking. During the term of the Lease for the Expansion Premises, Lessee shall be
entitled to use an additional forty-six (46) unreserved parking spaces and additional three (3) reserved on-site vehicular parking spaces in the parking area for the Building in accordance with the terms and conditions applicable to
parking as set forth in Section 28 of the Lease. 
 15. Notices. All notices, demands, consents or approvals
(collectively, “Notices”) which may or are required to be given by either party to the other under this Lease shall be in writing and shall be deemed to have been fully given (a) when received or refused, if personally
delivered, (b) upon sender’s written confirmation of facsimile transmission to the fax numbers set forth below; provided that any facsimile confirmed as received after 5:00 Pacific Standard Time shall be deemed received the next day and
further provided that such evidence of confirmation and notice is also promptly delivered by one of the methods described in subsections (a), (c) or (d) of this Paragraph 13, (c) seventy two (72) hours after being
deposited in the United States mail, postage prepaid, sent by Certified or Registered Mail, or (d) twenty-four (24) hours after being deposited with a nationally recognized overnight courier service. Each Notice shall be addressed to
Lessor and Lessee at the following address or facsimile number, or to such place as either party may from time to time designate in a written notice to the other party: 
  

			
	Lessor:	  	 Menlo Business Park Portfolio
 c/o Tarlton
Properties, Inc.
 1530 O’Brien Drive, Suite C
 Menlo Park,
California 94025
 Attention: John C. Tarlton, President

Telephone: (650) 330-3600
 Facsimile Number:
(650) 330-3636

		
	Lessee:	  	 INTERSECT ENT, INC.
 1555 Adams Drive, Suite
B
 Menlo Park, California 94025
 Attention: Jeri Hilleman

Telephone: (650) 641-2105

 16. Assignment and Subletting. Subsection 17(b)(3) of the Original Lease is hereby deleted and
Section 17(b) is amended so that Lessor shall not have the right to recapture the Premises (or any portion thereof) upon Lessee’s request for Lessor’s consent to an assignment or subletting; it being understood that
Lessor’s sole option with respect to a request for such consent is to either approve or deny the same. 
 17. Brokerage Fees.
Lessor shall pay or cause to be paid a leasing commission to Newmark Cornish and Carey ( NCC), Lessee’s broker, and a leasing commission to Kidder Mathews, Lessor’s broker. Each party represents and warrants to the other party that it has
not had any dealings with any real estate broker, finder, or other person with respect to this Amendment other than NCC who has acted as the sole agent for Lessee, and Kidder Mathews who has acted as an exclusive leasing agent for Lessor, and each
party shall hold harmless the other party from all damages, expenses, and liabilities resulting from any claims that may be asserted against the other party by any broker, finder, or other person with whom the other party has purportedly has dealt,
other than the above named brokers. 

  
 7 

 18. No Further Amendment. Except as otherwise expressly modified by this Amendment, all
terms and conditions of the Lease shall remain in full force and effect. 
 19. General Provisions. 

(a) Conflicts. If any provision of this Amendment conflict with the Lease, the provisions of this Amendment shall control. 

(b) Binding Effect. Each and all of the provisions of this Amendment shall be binding upon and inure to the benefit of the parties
hereto, and except as otherwise specifically provided elsewhere herein or in the Lease, their respective heirs, executors, administrators, successors and assigns, subject at all times, nevertheless, to all agreements and restrictions contained
elsewhere herein or in the Lease with respect to the assignment, transfer, encumbering, or subletting of all or any part of Lessee’s interest in the Lease, as amended hereby, or in the Premises. 

(c) California Civil Code Section 1938. Lessee hereby waives any and all rights under and benefits of California Civil Code
Section 1938 and acknowledges that neither the Building nor the Premises has undergone inspection by a Certified Access Specialist (CASp). Lessee shall not engage any CASp to inspect the Premises without Lessor’s prior written consent,
which shall not be unreasonably withheld, conditioned or delayed. Lessor may require that Lessee select a CASp approved by Lessor for any inspection of the Premises. 

(d) Utility Billing Information. In the event that the Lessee is permitted and elects to contract directly for the provision of
electricity, gas and/or water services to the Premises with the third-party provider thereof (all in Lessor’s reasonable discretion), Lessee shall within ten (10) business days following its receipt of written request from Lessor, provide
Lessor with a copy of each requested invoice from the applicable utility provider. Lessee acknowledges that pursuant to California Public Resources Code Section 25402.10 and the regulations adopted pursuant thereto (collectively the
“Energy Disclosure Requirements”), Lessor may be required to disclose information concerning Lessee’s energy usage at the Building to certain third parties, including, without limitation, prospective purchasers, lenders and
tenants of the Building (the “Lessee Energy Use Disclosure”). Lessee hereby (A) consents to all such Lessee Energy Use Disclosures, and (B) acknowledges that Lessor shall not be required to notify Lessee of any Lessee
Energy Use Disclosure. Further, Lessee hereby releases Lessor from any and all losses, costs, damages, expenses and liabilities relating to, arising out of and/or resulting from any Lessee Energy Use Disclosure. The terms of this
Section 17(d) of the Amendment shall survive the expiration or earlier termination of this Lease. 
 (e) Severability.
Any provision or provisions of this Amendment which shall be found to be invalid, void or illegal by a court of competent jurisdiction, shall in no way affect, impair, or invalidate any other provisions hereof, and the remaining provisions hereof
shall nevertheless remain in full force and effect. 

  
 8 

 (f) Authority. Each party represents to the other that the persons signing this Amendment
on its behalf are properly authorized to do so. 
 (g) Effectiveness. No binding agreement between the parties pursuant hereto shall
arise or become effective until this Amendment has been duly executed by both Lessee and Lessor and a fully executed copy of this Amendment has been delivered to both Lessee and Lessor. 

(h) Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be an original, but all of which shall
constitute one and the same instrument. 
 (i) SNDA. Lessor shall use commercially reasonable efforts to cause the beneficiary of any
deed of trust executed by Lessor as trustor to execute a subordination, non-disturbance and attornment agreement in a form reasonably satisfactory to Lessor, Lessee and such beneficiary which (1) provides that this Lease shall not be terminated
so long as Lessee is not in default under this Lease, and (2) that upon acquiring title to the Property by foreclosure or otherwise such holder shall recognize all of Lessee’s rights hereunder which accrue thereafter; provided, however,
that Lessor’s failure to do so shall not constitute a default by Lessor or permit Lessee to terminate this Lease. 
 (j) Rooftop
Rights. Lessee acknowledges that Lessor currently has certain rooftop equipment in place on the Building roof and agrees not to do anything which would cause damage to or interfere with the current rooftop equipment or its operation. From and
after the Effective Date, with respect to the Original Premises, and after the Expansion Premises Commencement Date, with respect to Expansion Premises, Lessee may, for its exclusive use and subject at all times to Lessee’s compliance with all
Applicable Laws with respect thereto, utilize the existing steel pad on the roof top (approximately 5,000 sq.ft.) and the existing pad immediately adjacent to the West side of the Building for purposes consistent with its Use defined in
Section 8 of the Original Lease. Prior to installing any equipment or making any physical changes with respect to the rights granted hereunder, Lessee shall request Lessor’s prior written consent thereto. The provisions of
Section 14 of the Original Lease shall apply to Lessee’s use of the pads hereunder (it being noted for the record that all alterations or equipment installations with respect to the rooftop pad and the ground level pad are subject
to Lessor’s prior written consent and do not qualify for avoiding Lessor’s prior written consent under Section 14(d)). Lessor may require Lessee to utilize Lessor’s roofing contractor for work on the roof. The parties
agree that any work by Lessee which may negatively affect or void Lessor’s roof warranty shall be grounds for the reasonable denial of consent to such work. Lessor agrees not to knowingly engage in any activity which materially negatively
impacts Lessee’s use of the rooftop pad or any equipment installed with Lessor’s permission hereunder. 
 [Signature on Following
Page] 

  
 9 

 IN WITNESS WHEREOF, Lessor and Lessee have duly executed this Amendment as of the Effective Date
first set forth above. 
  

									
	“Lessee”	 		 	“Lessor”
			
	INTERSECT ENT, INC.	 		 	MENLO PREHC I, LLC, a Delaware
	a Delaware corporation	 		 	limited liability company
					
		 		 		 	By:	 	PRINCIPAL REAL ESTATE
	By:	 	 /s/ Lisa Earnhardt
	 		 		 	INVESTORS, LLC, a Delaware
	Name:	 	Lisa Earnhardt	 		 		 	limited liability company, its
	Title:	 	CEO	 		 		 	authorized signatory
					
		 		 		 	By:	 	 /s/ Jay Fisher, Assistant Managing

		 		 		 	 Director, Asset Management

					
		 		 		 	By:	 	 /s/ Michael S. Benson, Assistant

		 		 		 	 Managing Director, Asset Management

				
		 		 		 	MENLO PREPI I, LLC, a Delaware
		 		 		 	limited liability company
					
		 		 		 	By:	 	PRINCIPAL REAL ESTATE
		 		 		 		 	INVESTORS, LLC, a Delaware
		 		 		 		 	limited liability company, its
		 		 		 		 	authorized signatory
					
		 		 		 	By:	 	 /s/ Jay Fisher, Assistant Managing

		 		 		 	 Director, Asset Management

					
		 		 		 	By:	 	 /s/ Michael S. Benson, Assistant

		 		 		 	 Managing Director, Asset Management

				
		 		 		 	TPI INVESTORS 9, LLC,
		 		 		 	a California limited liability company,
					
		 		 		 	By:	 	 /s/ John C. Tarlton

		 		 		 	Name:	 	John C. Tarlton
		 		 		 	Title:	 	Manager

  
 10 

 EXHIBIT A-1 

First Floor Plan 
  
 

 

  
 A-1 

 Exhibit A-2 

Second Floor Plan 
  

 

  
 A-2 

 EXHIBIT B 

Tenant Improvements 
  

 

  
 B-1 

 EXHIBIT B 

(Continued) 
  

 Tenant Improvements 

 
 

 

  
 B-2 

 Exhibit B 

(continued) 
  

  
 

 

  
 B-3 

 Exhibit B (continued) 

 

 Note: For the colors, finishes and materials below, where such color, finish or material is not reasonably
available in the marketplace for a commercially reasonable price and/or is not available for delivery to the Premises within a reasonable period of time (and in any event in time to meet the construction schedule required to meet the Expansion
Premises Commencement Date), Lessor may substitute comparable color, finishes or materials which are reasonably available. 
  
 

 

  
 B-4 

 Exhibit B (continued) 

 

 Note: For the colors, finishes and materials below, where such color, inish or material is not reasonably
available in the marketplace for a commercially reasonable price and/or is not available for delivery to the Premises within a reasonable period of time (and in any event in time to meet the construction schedule required to meet the Expansion
Premises Commencement Date), Lessor may substitute comparable colors, finishes or materials which are reasonably available. 
  

 

  
 B-5 

 Exhibit B (continued) 

 

 Note: For the colors, finishes and materials below, where such color, finish or material is not reasonably
available in the marketplace for a commercially reasonable price and/or is not available for delivery to the Premises within a reasonable period of time (and in any event in time to meet the construction schedule required to meet the Expansion
Premises Commencement Date), Lessor may substitute comparable colors, finishes or materials which are reasonably available. 
  

 

  
 B-6 

 Exhibit B (continued) 

 

  
 

 

  
 B-7 

 Exhibit B (continued) 

 

  
 

 

  
 B-8 

 EXHIBIT C 

LESSOR’S FURNITURE LICENSED TO LESSEE 

  
 C-1

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