Document:

EX-10.21

 Exhibit 10.21 

OFFICE LEASE (GROSS) 
 150 NORTH
HILL DRIVE, BRISBANE, CA 
 TABLE OF CONTENTS 
  

							
	 ARTICLE
	  	 	  	PAGE	 
	 1
	  	FUNDAMENTAL LEASE PROVISIONS	  	 	1	  
	 2
	  	DEFINITIONS	  	 	4	  
	 3
	  	HIRING	  	 	5	  
	 4
	  	TERM	  	 	5	  
	 5
	  	RENT	  	 	6	  
	 6
	  	USE	  	 	7	  
	 7
	  	INSURANCE	  	 	9	  
	 8
	  	TAXES	  	 	10	  
	 9
	  	CONSTRUCTION OF PREMISES	  	 	11	  
	 10
	  	ALTERATIONS	  	 	12	  
	 11
	  	REPAIRS AND MAINTENANCE	  	 	14	  
	 12
	  	SERVICES AND UTILITIES	  	 	15	  
	 13
	  	SIGNS AND OTHER ADVERTISING MEDIA	  	 	15	  
	 14
	  	CONSTRUCTION AND MAINTENANCE OF COMMON AREAS	  	 	16	  
	 15
	  	ASSIGNMENT AND SUBLETTING	  	 	18	  
	 16
	  	ACCESS TO PREMISES	  	 	19	  
	 17
	  	EMINENT DOMAIN	  	 	20	  
	 18
	  	DAMAGE OR DESTRUCTION	  	 	20	  
	 19
	  	HOLD HARMLESS	  	 	21	  
	 20
	  	NOTICES	  	 	22	  
	 21
	  	REMEDIES	  	 	22	  
	 22
	  	BANKRUPTCY	  	 	25	  
	 23
	  	WAIVERS	  	 	26	  
	 24
	  	NO ACCORD AND SATISFACTION	  	 	26	  
	 25
	  	SUBORDINATION; ATTORNMENT; ESTOPPEL CERTIFICATE	  	 	26	  
	 26
	  	SECURITY DEPOSIT	  	 	27	  
	 27
	  	ABANDONMENT; HOLDING OVER AND SURRENDER	  	 	27	  
	 28
	  	SALE OF PREMISES BY LANDLORD	  	 	28	  
	 29
	  	HAZARDOUS MATERIALS	  	 	28	  
	 30
	  	BROKERS	  	 	30	  
	 31
	  	RELOCATION	  	 	31	  
	 32
	  	DETERMINATION OF FAIR MARKET RENTAL VALUE	  	 	31	  
	 33
	  	GENERAL PROVISIONS	  	 	32	  
		
	 ADDENDUM TO LEASE
	  			
			
	 EXHIBITS
	  		  			
	 A
	  	SITE PLAN	  			
	 B
	  	LANDLORD’S WORK AND TENANT’S WORK	  			
	 C
	  	STANDARDS FOR UTILITIES AND SERVICES	  			
	 D
	  	HAZARDOUS MATERIALS OF TENANT	  			
	 E
	  	GUARANTY	  			
	 F
	  	RULES AND REGULATIONS	  			

 Bay Tech Gross Lease 

 Suite 24 

OFFICE LEASE (GROSS) 
 150 NORTH
HILL DRIVE, BRISBANE, CA 
 THIS LEASE is dated as of December 16, 2013 (“Effective Date”), and is entered into by and between WVP Bay Tech,
LLC, a California limited liability company (“Landlord”), and Dance Biopharm, Inc., a Delaware corporation (“Tenant”). In consideration of the mutual covenants and agreements contained herein, the parties agree as follows: 

ARTICLE 1. FUNDAMENTAL LEASE PROVISIONS. 
  

	1.1	PREMISES: Commonly known as 150 North Hill Drive, Suite 24, City of Brisbane, State of California, 94005 as shown on Exhibit A attached hereto and incorporated herein by reference. (Article 2.1)

  

	1.2	COMPLEX: 150 North Hill Drive, City of Brisbane, State of California 94005 

  

	1.3	LEASABLE AREA OF THE PREMISES: Approximately 5,916 square feet of leasable area. 

  

	1.4	LEASE TERM: The period commencing on the Commencement Date and terminating on the Termination Date. (Article 4.1) 

  

	1.5	COMMENCEMENT DATE: The date that Landlord delivers possession of the Premises to Tenant. (Article 4.1). 

  

	1.5a	RENT COMMENCEMENT DATE: The date that is the earlier of i) one hundred eighty (180) days after the Commencement Date, or (ii) the date of substantial completion of Landlord’s Work as described in Article
9 of this Lease. 

  

	1.6	TERMINATION DATE: The date that is thirty-six (36) full calendar months after the Rent Commencement Date plus any partial month in which the Rent Commencement Date occurs, if the Rent Commencement Date does not
occur on the first day of a calendar month. (Article 4.1) 

  

	1.7	MONTHLY BASE RENT: (Article 5.1) 

  

									
	 Period
	  	Monthly Base Rent
(approx. per leasable square
foot)	 	  	Monthly Base Rent
(total per month)	 
	 Commencement Date to the date immediately preceding the Rent Commencement Date
	  	$	0.00	  	  	$	0.00	  
	 Rent Commencement Date through month 12 from and after the Rent Commencement Date
	  	$	2.70	  	  	$	15,973.20	  
	 Months 13 through 24 from and after the Rent Commencement Date
	  	$	2.78	  	  	$	16,446.48	  
	 Months 25 through 36 from and after the Rent Commencement Date
	  	$	2.86	  	  	$	16,919.76	  

  
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Dance Biopharm, Inc. 
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	1.8	BASE EXPENSE YEAR: Calendar year 2014. (Article 5.4) 

  

	1.9	TENANT’S PROPORTIONATE SHARE OF OPERATING EXPENSES AND REAL PROPERTY TAXES: 8.3% (which is 5,916 divided by 71,404). (Article 5.4) 

 

	1.10	PREPAID RENT: $15,973.20 for first month’s Rent (Article 5.3) 

  

	1.11	SECURITY DEPOSIT: $15,973.20. (Article 26) 

  

	1.12	PERMITTED USE: General office and lab and for no other use or purpose. (Article 6) 

  

	1.13	ADDRESSES FOR NOTICES AND PAYMENT OF RENT: 

 Make Checks Payable to: WVP Bay Tech, LLC 

 

			
	Deliver Rent to:	  	If by regular mail:
		  	WVP Bay Tech, LLC
		  	Dept 35119
		  	PO Box 39000
		  	San Francisco, CA 94139
		
		  	If by overnight delivery:
		  	Lockbox Services 35119
		  	WVP Bay Tech LLC Dept #35119
		  	3440 Walnut Avenue, Building A, Window H
		  	Fremont, CA 94538
		
	 Deliver Notices to
 Landlord to:
	  	WVP Bay Tech, LLC
		  	c/o West Valley Properties, Inc.
		  	280 Second Street, Suite 230
		  	Los Altos, CA 94022
		  	Attn: Asset Management
		
	 Deliver Notices to
 Tenant to:
	  	Dance Biopharm, Inc.
		  	150 North Hill Drive, Suite 24
		  	Brisbane, CA 94005
		  	Phone: 415-420-3629

  

	1.14	TENANT’S BROKER: None (Article 30) 

  

	1.15	LANDLORD’S BROKER: Cassidy Turley Northern California, Inc. (CA DRE License # 00825241) (Article 30) 

  

	1.16	GUARANTOR: None (Exhibit E) 

  
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 Each reference in this Lease to any provision in Article 1 shall be construed to incorporate all of the terms of
each such provision. In the event of any conflict between this Article 1 and the balance of the Lease, the balance of the Lease shall control. 

  
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 ARTICLE 2. DEFINITIONS 

As used in this Lease: 
 2.1 The term “Premises” means
the commercial space, containing the Leasable Area indicated in Article 1, located substantially as shown on Exhibit A attached hereto, together with those appurtenances specifically granted to Tenant in this Lease; reserving and excepting to
Landlord the use of the exterior walls, the roof, and the area beneath the Premises, together with the right to install, maintain, use and replace ducts, wires, conduits, and pipes leading through the Premises in locations which will not materially
interfere with Tenant’s use of the Premises. 
 2.2 The term “Complex” refers to the real property generally depicted on Exhibit A attached
hereto and referred to as 150 North Hill Drive, Brisbane, California, whether owned in fee, ground leased by Landlord and/or made available for use by any reciprocal operating or easement agreement or other similar agreement; and (ii) any other
parcel(s) of land, together with the improvements thereon, and any easement or right of way at any time designated by Landlord to be part of the Complex. Tenant acknowledges that the Complex is subject to certain easements and other agreements of
record to which this Lease is subject and subordinate. It is expressly understood that Landlord may (but shall not be obligated to) at its sole option and without Tenant’s consent: (a) develop any portion of the Complex situated outside of
the area of the Complex as shown on Exhibit A: (b) increase the size of the Complex by addition of contiguous property, or decrease the size of the Complex or modify Exhibit A by adding or changing the building areas, common areas, parking
layout and ingress or egress of the Complex; in any of which events Landlord shall deliver to Tenant revised Exhibit A which, upon such delivery, shall be substituted in and automatically become part of this Lease; and/or (c) build additional
stories on any building or buildings in the Complex and construct double-deck, subterranean or elevated parking facilities. Landlord does not represent or warrant the accuracy of the Complex generally depicted on Exhibit A, nor does Landlord
represent or warrant the names or character of business to be conducted or the size or location of any space to be occupied by any tenant or occupant of the Complex. The building use designation, if any, set forth on Exhibit A is for convenience
only and is not to be construed as a representation that the proposed building will be put to or remain available for such use, and Tenant does not rely on any such representation in entering into this Lease. 

2.3 The term “Common Area” or “Common Areas” means all area and facilities within the exterior boundaries of the Complex not now or
hereafter held for or appropriated to the occupancy of tenants and shall include, without in any way limiting the generality of the foregoing, all parking areas, driveways, sidewalks, landscaped area, together with plants thereon, signs advertising
the common name of the Complex, service delivery facilities, and all other common areas in the Complex. 
  

	2.4	The term “Parcel” means the assessor’s parcel on which the Premises is located. 

 2.5 The term
“Parking Area” means all of the Common Areas in the Complex, except area devoted to sidewalks and service delivery facilities. Without limiting the generality of the foregoing, such term shall include roads, traffic lanes, the vehicular
parking spaces, and areas between such parking spaces (including landscaped areas), walkways, and except as specifically set forth herein, any other common areas, improved in order that automobiles and other vehicles may be driven thereon. 

2.6 The term “Leasable Area of the Premises” means the number of square feet constituting the Premises. Tenant acknowledges that the Leasable Area of
the Premises as specified in Article 1 is an estimate and that Landlord does not warrant the exact leasable area of the Premises. By taking possession of the Premises, Tenant accepts the Leasable Area of the Premises as that specified in Article 1.
Tenant further acknowledges that Tenant is leasing the Premises for the Rent specified in Article 1 and elsewhere in this Lease and in the event the actual leasable area of the Premises is determined to be more or less than the square footage
specified in Article 1, the Rent will remain unchanged regardless of the actual leasable area of the Premises. 

  
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 2.7 The term “Gross Leasable Area” refers to the number of gross square feet of all leasable areas in
the Complex exclusively used or to be used by tenants measured from the exterior faces of exterior walls (excepts party and common walls, as to which the center thereof instead of the exterior faces thereof shall be used), whether or not actually
occupied and open for business. 
 2.8 The term “Lease Year” means the period during the Lease Term commencing on January 1 in each year and
ending midnight on the 31st of December next succeeding, except that the first Lease Year shall commence at the start of the Lease Term and shall end midnight on the 31st of December next succeeding, and except that the last Lease Year shall end at
the end of the Lease Term. 
 2.9 The term “month” means a calendar month during the period for which rent is payable within the Lease Term, except
that if with respect to any calendar month such period is less than the whole thereof, such portion of such month as is within the Lease Term shall constitute a month. 
  

	2.10	The term “day” means a calendar day unless otherwise specified in this Lease as a business day. 

 2.11
The term “Law” means any law, statute, ordinance, administrative order or governmental rule or regulation or requirement of any duly constituted public authority now in force or which may hereafter be enacted or promulgated (collectively,
“Law”). 
 ARTICLE 3. HIRING 
 Landlord hereby
leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the term, at the rental, and upon the covenants and conditions contained herein, subject and subordinate to all liens, encumbrance, easements, restrictions, covenants,
underlying leases, zoning ordinances and any and all other governmental and quasi-governmental laws, rules, regulations and ordinances now or hereafter affecting or governing the Complex. 

ARTICLE 4. TERM 
 4.1 Commencement Date. The term
of this Lease (“Lease Term”) shall be for a period of time specified in Article 1 as the Lease Term. The Lease Term shall commence upon the date referred to in Article 1 as the Commencement Date, or twenty-four (24) hours after
substantial completion of Landlord’s Work, whichever occurs later, but in no event later than the date that Tenant opens for business in the Premises (the “Commencement Date”). The Lease Term shall expire on the date which is the
Commencement Date plus the length of the Lease Term (“Termination Date”). 
 4.2 Delivery of Insurance Certificate. Tenant shall deliver to
Landlord the insurance certificates required by Article 7 and Article 10.2 hereof on the earlier to occur of: (i) ten (10) days after execution of this Lease by Tenant; (ii) two (2) business days prior to commencement of
Tenant’s Work, if any; or (iii) Tenant taking possession of the Premises. 
 4.3 Delivery of Commencement Certificate. If Landlord’s
Work is to be performed prior to the Commencement Date, then within ten (10) days following the Commencement Date, Tenant will execute and deliver to Landlord a certificate setting forth the Commencement Date and the Termination Date of this
Lease. 
 4.4 Early Termination. Notwithstanding anything to the contrary contained in this Lease, Landlord shall have the right, at its sole option,
but not the obligation, to terminate this Lease without liability to Tenant therefore in the event of any of the following shall occur: (i) Landlord is unable to complete the construction of Landlord’s Work; (ii) Tenant shall not have
commenced Tenant’s Work in the Premises within thirty (30) days after receipt by Tenant of written notice from Landlord that Landlord’s Work in the Premises is substantially completed, or if Tenant fails to prosecute the portion of
Tenant’s Work to be 

  
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performed by Tenant diligently to completion after written request by Landlord to do so; (iii) Landlord does not receive Tenant’s insurance certificates required by Article 7 and
Article 10.2 hereof within the time frames specified in Article 4.2 above; or (iv) any financial institution providing financing to Landlord does not approve of this Lease. Landlord shall return to Tenant any Security Deposit paid by Tenant,
without interest, upon such termination, and Landlord and Tenant shall be released from all further obligation to the other hereunder. 
 4.5 Delay in
Commencement. If for any reason whatsoever Landlord cannot deliver possession of the Premises on the date referenced in Article 1 as the Commencement Date or on any other date, this Lease will not be void or voidable, nor shall Landlord be
liable to Tenant for any loss or damage resulting therefrom. However, the Commencement Date shall be delayed until possession of the Premises is delivered to Tenant, and the Lease Term shall remain as the period of time specified in Article 1 as the
Lease Term, commencing on the Commencement Date, as so delayed. If Landlord is unable to deliver possession of the Premises to Tenant within ten (10) months after the Commencement Date referenced in Article 1, then either Landlord or Tenant may
terminate this Lease by giving written notice to the other within thirty (30) days after the end of the ten (10) month period, time being strictly of the essence, and the parties shall have no further liability thereafter accruing under
this Lease. 
 4.6 Early Occupancy. If Tenant occupies the Premises prior to the Commencement Date pursuant to Landlord’s written consent
thereof, which consent may be given or withheld in Landlord’s sole and absolute discretion, such occupancy shall be subject to all of the provisions of this Lease, including without limitation the commencement of the time periods set forth in
Section 1.4 of this Lease. Notwithstanding anything to the contrary in this Lease, during the early occupancy period, Tenant shall pay Monthly Base Rent and all other charges specified in this Lease. Early occupancy of the Premises by Tenant
shall not advance the Termination Date of this Lease. 
 ARTICLE 5. RENT 

5.1 Monthly Base Rent. Tenant shall pay the sum set forth in Article 1 hereof as “Monthly Base Rent,” in advance, without notice, deduction,
or set-off on the first day of each calendar month throughout the Lease Term, commencing on the Commencement Date. If Monthly Base Rent commences on a day other than the first day of the month, then Monthly Base Rent for the first fractional month
shall be paid by Tenant to Landlord computed on a daily basis for such period at an amount equal to 1/30th of the Monthly Base Rent. 
 5.2 Prepaid
Rent. Concurrently with Tenant’s execution of this Lease, Tenant shall pay to Landlord the sum specified in Article 1 as Prepaid Rent for the months designated therein. 

5.3 Rent. As used in this Lease, the term “Rent” shall mean and refer to Monthly Base Rent, and all other amounts payable or reimbursable by
Tenant to Landlord under this Lease, including the amounts described above. If Rent commences on a day other than the first day of the month, then Rent for the first fractional month shall be paid by Tenant to Landlord computed on a daily basis for
such period at an amount equal to 1/30th of the Rent for such month. 
 5.4 Tenant’s Proportionate Share of Increases.  

During each calendar year or part thereof during the Term subsequent to the Base Expense Year specified in Article 1 above, Tenant shall pay to Landlord, as
additional monthly rent, Tenant’s Proportionate Share (as defined in Article 1) of the total dollar increase, if any, in (A) Operating Expenses paid or incurred by Landlord in such calendar year or part thereof over Operating Expenses paid
or incurred by Landlord in the Base Expense Year, and (B) Real Property Taxes paid or incurred by Landlord in such calendar year or part thereof over the Real Property Taxes paid or incurred by Landlord in the tax year ending on June 30 of
the Base Expense Year. No offset shall be given for decreases in either Operating Expenses or Real 

  
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Property Taxes against the other, and increases in each of Operating Expenses and Real Property Taxes shall be determined separately. Payments on account of Tenant’s Proportionate Share of
Operating Expenses and of Real Property Taxes are due and payable monthly together with the payment of the Base Rent. 
 Notwithstanding anything in this
Lease to the contrary, Landlord shall calculate such increase (for purposes of both estimated and actual calculations) as if the Building and Complex were fully occupied regardless of the actual occupancy rate. If any modifications are made to the
Complex or the Building which change Tenant’s percentage of the leasable area of the Building or the Complex, then Tenant’s Proportionate Share shall be adjusted by Landlord accordingly. 

Tenant shall pay its proportionate share of Increases in Operating Expenses and/or Real Property Taxes as Additional Rent to Landlord, except as otherwise
provided in the Lease, as follows: Prior to the commencement of each calendar year or within a reasonable period thereafter, Landlord shall estimate Tenant’s proportionate share of such increase for the following calendar year and Landlord
shall notify Tenant of such estimate in writing. Commencing on the first day of the first month of the calendar year for which Landlord has notified Tenant of the revised estimated Operating Expenses and/or Real Property Taxes, and on the first day
of every month thereafter, Tenant shall pay to Landlord, as Additional Rent, one-twelfth (1/12th) of Tenant’s estimated proportionate share of the yearly increase. If Landlord fails to furnish an estimate prior to the beginning of any
calendar year, the prior year’s estimate of Operating Expenses and/or Real Property Taxes shall remain in effect until a revised estimate is made by Landlord. Within ninety (90) days after the end of each calendar year for which Tenant has
made estimated payments (the “Adjustment Date”), Landlord shall furnish Tenant a statement with respect to such year, showing Operating Expenses and/or Real Property Taxes charges for the past calendar year and the total payments made by
Tenant on the basis of Landlord’s estimate. If Tenant’s actual proportionate share of the Operating Expenses and/or Real Property Taxes exceeds the payments made by Tenant based on Landlord’s estimate, Tenant shall pay the deficiency
to Landlord within thirty (30) days of Tenant’s receipt of Landlord’s statement. If the total payments by Tenant based on Landlord’s estimate exceed Tenant’s actual proportionate share of the Operating Expenses and/or Real
Property Taxes, Tenant’s excess payment shall be credited toward future payments by Tenant of Basic Rent and/or Additional Rent or refunded to Tenant within thirty (30) days of Landlord’s statement to Tenant if no future Basic Rent or
Additional Rent is to become due. Landlord’s failure to provide its estimate of Operating Expenses and/or Real Property Taxes prior to the commencement of any year or its failure to provide a reconciliation by the Adjustment Date shall not be
deemed a waiver of Landlord’s right to issue an increased estimate of Operating Expenses and/or Real Property Taxes or to collect an underpayment of Operating Expenses and/or Real Property Taxes. 

ARTICLE 6. USE 
 6.1 Permitted Use. Tenant shall
use the Premises solely for the purpose specified in Article 1, and for no other use or purpose. 
 6.3 Suitability; No Exclusive Right. Tenant
acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the Premises, the permitted uses that can be made of the Premises under existing laws, or the suitability of the Premises or the
Complex for the conduct of Tenant’s business, nor has Landlord agreed to undertake any modification, alteration or improvement to the Premises except as provided in this Lease. Furthermore, Tenant acknowledges and agrees that this Lease
contains no restrictive covenants or exclusions in favor of Tenant. Landlord reserves the absolute right to lease other portions of the Complex to such other tenants as Landlord, in the exercise of its sole judgment, shall determine to be in the
best interest of the Complex, including tenants who may compete with Tenant’s business. Tenant acknowledges that Tenant does not rely on the fact, nor does Landlord represent, that any specific tenant or number of tenants shall occupy any
premises within the Complex during the Lease Term. 

  
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	6.4	Intentionally Deleted. 

  

	6.5	Uses Prohibited. 

 A. No other Use. Tenant shall not use or permit the Premises to
be used for any other purpose or purposes other than that specified in Article 1. 
 B. General Prohibitions. Tenant shall not install
any exterior lighting, fixtures, shades, or awnings, or make any exterior decoration or painting, or install any radio or television antennae, loudspeakers, sound amplifiers or similar devices on the roof or exterior walls of the Premises, without
Landlord’s prior written consent. Use of the roof of the Premises is reserved for Landlord. Tenant shall not do anything on the Premises that will cause damage to the building in which the Premises are located; the Premises shall not be
overloaded; and no machinery, apparatus, or other appliance shall be used or operated in or on the Premises that will in any manner injure, vibrate, or shake the Premises or the premises of an adjacent tenant. In addition, the Premises shall have a
neat and attractive appearance at all times from all points outside of the Premises. Tenant shall not place any harmful liquids in the drainage system of the Premises or of the Complex. 

C. Compliance with Laws. Tenant shall not use the Premises or permit anything to be done in or about the Premises which will in any way
violate any Law. In addition, Tenant shall, at its sole cost and expense, (i) determine whether it is in compliance with the foregoing, (ii) obtain all necessary governmental approvals and permits, and (iii) promptly comply with all
Laws and with the requirements of any board of fire underwriters or other similar body now or hereafter constituted which shall impose a duty upon Landlord or Tenant relating to or affecting the condition, use, alteration or occupancy of the
Premises, excluding structural changes not relating to or affecting the condition, use or occupancy of the Premises or not related to or afforded by Tenant’s improvements or acts. The judgment of any court of competent jurisdiction or the
admission of Tenant in any action against Tenant, whether Landlord be a party thereto or not, that Tenant has violated any Law shall be conclusive of the fact as between Landlord and Tenant. Tenant shall make all alterations, additions or changes of
any sort to the Premises that are required by any Law, including any alteration, addition or change required by Law because of (i) Tenant’s particular use or change of use of the Premises; (ii) Tenant’s application for any permit
or governmental approval; or (iii) Tenant’s construction of any alteration, addition or change to the Premises or Tenant’s installation of any trade fixture. 

D. Compliance with ADA Requirements. Without limiting the generality of the foregoing, Tenant shall in every respect comply with the
requirements and provisions of the Americans with Disabilities Act of 1990 and any amendments thereto, regulations and ordinances in connection therewith (collectively, “ADA”), with specific attention (without limitation) to the following:
barriers or potential barriers to access; the ability of all customers to participate in, benefit from, and have access to the goods, services, facilities, privileges, or advantages offered by Tenant; and the necessity for auxiliary aids or services
in order to ensure equal access by all customers. 
 E. Compliance with Insurance Requirements. Tenant shall not do or permit anything
to be done in or about the Premises, or bring or keep anything therein, which will in any way increase the rate of fire insurance upon the building wherein the Premises are situated. Tenant shall, at its sole cost and expense, comply with any and
all requirements, pertaining to the Premises, of any insurance company, public liability insurance, covering said building and its appurtenances. Tenant shall promptly comply with all laws, ordinances, orders and regulations affecting Tenant’s
use and occupancy of the Premises, and the cleanliness, safety, occupation and use of the same, including the installation of additional facilities as required for the conduct and continuance of Tenant’s business on the Premises. No auction,

  
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fire or bankruptcy sales may be conducted in the Premises without Landlord’s prior written consent. Tenant shall not use or permit the use of any portion of said Premises as sleeping
apartments, lodging rooms or for any unlawful purpose or purposes. 
 F. Nuisances. Tenant shall keep the Premises and every part
thereof in a clean and wholesome condition, free of any objectionable noises, odors or nuisances. Tenant shall fully comply with all health and police regulations in all respects and at all times. Tenant shall not do or permit anything to be done in
or about the Premises which will in any way obstruct or interfere with the rights of other tenants or occupants of the Complex, or injure or annoy them or use or allow the Premises to be used for any unlawful or objectionable purpose, nor shall
Tenant cause, maintain or permit any nuisance in, on or about the Premises. Tenant shall not commit or suffer to be committed any waste in or upon the Premises. Tenant shall not use or store any Hazardous Material in or about the Premises except as
described in Article 29. Tenant shall not perform any acts or carry on any practices which may injure the building of which the Premises form a part or be a nuisance or menace to other tenants in the Complex Tenant shall not burn any trash or
garbage of any kind in or about the Premises or Complex. Tenant shall fully comply with all health and police regulations in all respects and at all times. Pets and other animals are not allowed in the Premises, except for service dogs. 

ARTICLE 7. INSURANCE 
 7.1 Tenant’s Commercial
General Liability Insurance. Tenant agrees, at the Tenant’s own expense, to maintain in full force and effect during the Lease term a policy or policies of commercial general liability insurance, including property damage and theft
coverage, written by one or more responsible insurance companies licensed to do business in California acceptable to Landlord, its advisors and lenders, which will insure Tenant and Landlord (and such other persons, firms, or corporations as may be
designated by Landlord) against liability for injury to persons or property damage and death of any person or persons occurring in or about the Premises. The bodily injury insurance shall have a policy limit not less than $3,000,000 per occurrence,
and the property damage/liability insurance shall have a policy limit of not less than $500,000 per occurrence. If, in the considered opinion of Landlord’s lender or insurance advisor, the amount of such coverage is deemed inadequate at any
time during the Lease Term, Tenant agrees to increase said coverage to such amounts as Landlord’s lender or advisor shall deem adequate. Any deductible amounts under any insurance policies required hereunder shall be subject to Landlord’s
prior written approval, which shall not be unreasonably withheld. Tenant shall also maintain and keep in force plate glass insurance coverage on all exterior plate glass in the Premises. Within the time frame specified in Section 4.2 hereof,
Tenant shall provide Landlord with certificates of all such insurance policies, including an endorsement requiring the company writing such policy to give Landlord at least twenty (20) days notice in writing in advance of any cancellation or
lapse of such policy or the effective date of any reduction in the amount of coverage under such policy. Said certificates of insurance shall be on such form as is acceptable to Landlord, its advisors, and its lender. All commercial liability,
property damage, and other casualty insurance policies obtained by Tenant pursuant to this Section 7.1 shall be written as primary insurance, and not contributing with separate coverage which Landlord may carry. If Tenant fails to comply with
this Section 7.1, Landlord shall have the right to obtain any such insurance and to pay the premiums therefor and in such event the entire amount of such premium shall be immediately due and payable by Tenant to Landlord. The Tenant’s
policy shall name the Landlord, its managing agent, and any other parties required by Landlord, its advisors, or its lenders, as additional insureds. In the event Tenant sells alcoholic beverages from the Premises, Tenant shall maintain a customary
policy of liquor liability insurance with limits no less than those required above with respect to Tenant’s commercial general liability insurance. 

  
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 7.2 Tenant’s Insurance on Tenant Improvements and Fixtures. Tenant agrees that it will at all times
during the Lease term maintain in force on Tenant’s leasehold improvements, alterations, additions or improvements permitted under this Lease, trade fixtures, merchandise and personal property from time to time in, on or upon the Premises,
property coverage insurance in an amount not less than the full replacement cost thereof, providing protection against any peril included within the classification “Fire and Extended Coverage,” together with insurance against sprinkler
damage, vandalism and malicious mischief. Tenant agrees that none of the items to be insured by Tenant hereunder shall be insured by Landlord, nor shall Landlord be required to reinstall, reconstruct or repair any of such items. Any policy proceeds
shall be used for the repair or replacement of the property damaged or destroyed unless this Lease shall cease and terminate under the provisions of Article18 hereof. The proceeds of the insurance required to be carried by Tenant under this Article
7.2 will, so long as this Lease is in effect, be used for the repair or replacement of the fixtures and equipment so insured. It is understood that the Landlord shall have no interest in the insurance upon Tenant’s equipment and fixtures, and
will sign all documents necessary or proper in connection with the settlement of any claim or loss by Tenant. 
 7.3 Landlord’s Insurance.
Landlord shall at all times during the term hereof maintain in effect a policy or policies of insurance (i) covering the Complex (other than certain particular single-tenant buildings insured by such tenant) providing protection against any
peril included within the classification fire and extended coverage, together with insurance against sprinkler damage, vandalism, and malicious mischief; and (ii) for commercial general liability protecting against claims for injury to persons
or property damage and death of any person or persons in or about the Complex in such amounts and with such coverages as Landlord or its lender may from time to time reasonably deem appropriate. At Landlord’s election, or if required by its
lender from time to time, Landlord may maintain rental income insurance, earthquake insurance and/or flood damage insurance, and such other insurance covering such hazards and in such amounts and with such limits as Landlord or its lender or risk
manager may deem appropriate. The premiums and deductibles for such insurance shall be included in Operating Expenses as described in Article 14.2. 

ARTICLE 8. TAXES 
  

	8.1	Real Property Taxes. 

 All Real Property Taxes (defined below) shall be paid by Landlord and be
reimbursed by Tenant to Landlord as provided in Section 3 of this Lease. However, if a supplemental assessment is levied in any calendar year subsequent to the Landlord’s estimate of the Operating Expenses and/or Taxes for that calendar
year (as provided in Section 3 of this Lease), and payment is due for said supplemental assessment during this same calendar year, Landlord reserves the right to adjust its estimate of the Operating Expenses and/or Taxes for that calendar year
in order to pay before delinquency said supplemental assessment. The Term “Real Property Taxes,” as used herein, shall mean and include: (i) all taxes, assessments, levies and other charges of any kind or nature whatsoever,
general and special, foreseen and unforeseen (including without limitation, all installments of principal and interest required to pay any general or special assessments for public improvements, and any increases resulting from reassessments caused
by any change in ownership of the Premises, the Building or the Complex, or otherwise) now or hereafter imposed by any governmental or quasi-governmental authority or special district having the direct or indirect power to tax or levy assessments,
which are levied or assessed against, or with respect to the value, occupancy, or use of all or any portion of the Complex, the Building or the Premises (as now constructed or as may at any time hereafter be constructed, altered, or otherwise
changed) or Landlord’s interest therein; any improvements of Landlord located within the Complex, the Building or the Premises (regardless of ownership); the fixtures, equipment and other property of Landlord, real or personal, that are an
integral part of and located in, on or about the Complex, the Building or the Premises; and landscaping areas, walkways and parking areas; and (ii) all costs and fees (including reasonable attorneys’ fees) incurred by Landlord in
reasonably contesting any Real Property Tax and in negotiating with public authorities as to any Real Property Tax. 

  
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 “Real Property Taxes” shall not include (i) any franchise, rental, income, inheritance or profit
tax, capital levy or excise tax payable by Landlord (ii) any tax levy, assessment, charge or surcharge resulting from the contamination of real property by Hazardous Materials except unless caused by the acts or omissions by the Tenant, its
agents or contractors and (iii) interest of penalties for the late payment or failure to pay any real property taxes. 
 If, at any time during the Term
of this Lease, the taxation or assessment of the Complex, the Building or the Premises prevailing as of the Commencement Date of this Lease shall be altered so that in lieu of or in addition to any Real Property Tax described above there shall be
levied, assessed or imposed (whether by reason of a change in the method of taxation or assessment, creation of a new tax or charge, or any other cause) an alternate or additional tax or charge (i) on the value, use or occupancy of the Complex,
the Building or the Premises or Landlord’s interest therein, or (ii) on or measured by the gross receipts, income or rentals from the Complex, the Building or the Premises, on Landlord’s business of leasing the Complex, the Building
or the Premises, or Landlord’s interest therein, or based on parking, employment, production or the like in, on or about the Complex, the Building or the Premises, or computed in any manner with respect to the operation of the Complex, the
Building or the Premises, then any such tax or charge, however designated, shall be included within the meaning of the Term “Real Property Taxes” for purposes of this Lease. If any Real Property Tax is based in part upon property or rents
unrelated to the Complex, the Building or the Premises, then only that part of such Real Property Tax that is fairly allocable to the Complex, the Building or the Premises shall be included within the meaning of the Term “Real Property
Taxes”. 
 If, at any time during the Term of this Lease, any assessments which would be deemed to be Real Property Taxes are levied against the
Premises, the Building or the Complex, Landlord may elect either to pay the assessment in full or to allow the assessment to go to bond and to pay it in installments. In either case, however, Tenant shall only be obligated to pay to Landlord, with
regard to any such assessment, each time payment of Real Property Taxes is made, a sum equal to that which would have been payable by Tenant as its pro rata percentage of the installments of principal and interest which would have become due during
the Term of this Lease had Landlord allowed the assessment to go to bond. 
 8.2 Personal Property Taxes. In addition to all other amounts which
Tenant is required to pay under this Lease, Tenant shall pay before delinquency any and all taxes, assessments, license fees, and public charges levied, assessed, or imposed and which become payable during the term hereof upon all leasehold
improvements, over and above the building shell whether installed by Landlord or Tenant, together with all taxes and assessments levied against fixtures, equipment and personal property installed or located on the Premises. 

ARTICLE 9. CONSTRUCTION OF PREMISES 
 9.1
Landlord’s Work. Prior to the Commencement Date, in the event of any Landlord’s Work pursuant to Exhibit B attached hereto, Landlord shall complete, at its sole cost and expense, any tenant improvements which may be described
as “Landlord’s Work” in Exhibit B attached hereto. Landlord shall have the right to make minor adjustments and changes to such work during construction, without affecting the validity of this Lease or the parties’ rights
and obligations hereunder. 
 9.2. Substantial Completion. Landlord’s Work shall be deemed substantially complete when Landlord notifies Tenant
in writing that the construction is substantially completed in accordance with Exhibit B, subject only to “punch list” items that do not materially diminish the usefulness of the Premises. 

9.3. Acceptance of Premises. If Landlord is required to make any improvements to the Premises, such items shall be listed on Exhibit B as
Landlord’s Work, and Tenant agrees to accept possession of the Premises upon substantial completion of Landlord’s Work. If Landlord is not required to make any 

  
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improvements to the Premises, Tenant shall accept possession of the Premises on the Commencement Date specified in Article 1 in its “as is” condition, subject to delay as specified in
Article 4.5 above. Landlord is not required to make any changes or improvements to the Premises except as specifically set forth in Exhibit B to this Lease. Tenant acknowledges that (i) Landlord makes no warranties or representations
regarding the physical condition of the Premises or its compliance with building codes, rules, laws or ordinances; (ii) it has had the opportunity to inspect the Premises, including the roof and structural components of the building in which
the Premises are located, and the electrical plumbing and HVAC systems serving the Premises, and to hire experts to conduct such inspections on its behalf; and (iii) Tenant is leasing the Premises based on its own inspection of the Premises and
those of its agents, and is not relying on any representations or warranties of the Landlord regarding the physical condition of the Premises. Tenant’s taking of possession of the Premises shall be deemed to be an acceptance by Tenant of the
condition of the Premises and an acceptance of any work of improvement done by Landlord as substantially complete and in accordance with the terms of this Lease and shall constitute conclusive evidence that the Premises were, as of that date, in
good, clean and tenantable condition, except as to any “punch list” items for work required to be performed by Landlord under this Lease, which “punch list” items are specifically set forth in a written notice by Tenant delivered
to Landlord within ten days after the Commencement Date. Landlord shall correct said items to Tenant’s reasonable satisfaction within 30 days after receipt of said notice (unless an item cannot reasonably be corrected within such period, in
which event Landlord shall commence correction within the 30-day period and diligently pursue it to completion), and there shall be no reduction in or set-off against any Rent due hereunder by reason of said items. Tenant acknowledges that the
Leasable Area of the Premises as specified in Article 1 is an estimate and that Landlord does not warrant the exact Leasable Area of the Premises. By taking possession of the Premises, Tenant accepts the Leasable Area of the Premises as that
specified in Article 1. 
 9.4. Tenant’s Work. Tenant, at its sole cost and expense, shall install in the Premises all furniture, movable
partitions, shelves, work stations, appliances, equipment, trade fixtures, security systems, and other personal property required for the operation of Tenant’s business and shall complete all other work which may be described as
“Tenant’s Work” in Exhibit B. Tenant shall commence the construction of Tenant’s Work promptly upon substantial completion of Landlord’s Work, if any, and shall diligently prosecute such construction to completion.
Tenant’s Work is considered an alteration, change or addition to the Premises which has been approved by Landlord and shall be performed in accordance with the provisions of Article 10 of this Lease and Exhibit B to this Lease. Tenant
shall obtain, at its own expense, such licenses, permits, and other governmental approvals necessary to complete Tenant’s Work and operate Tenant’s business, including, but not limited to, the payment of any fees to the City in which the
Premises is located required for Tenant’s use of the Premises as contemplated by this Lease. Upon request, Landlord may permit Tenant to commence Tenant’s Work prior to Landlord’s delivery of possession of the Premises, provided that
(i) Tenant’s activities do not interfere with Landlord’s contractor or other tenants of the Complex, (ii) Landlord shall not be liable to Tenant for damage to or loss of Tenant’s fixtures, equipment or furnishings, Tenant
accepting the full risk for such damage or loss, if any, and (iii) Tenant shall comply with all applicable provisions of this Lease. 
 ARTICLE 10.
ALTERATIONS 
 10.1 Tenant Alterations. From time to time during the Lease Term Tenant may, at its own expense and after giving Landlord written
notice of its intention to do so, make alterations, additions and changes in and to the non-structural, non-mechanical portions of the interior of the Premises (except those of a structural nature) as it may find necessary or convenient for its
purposes, provided that the value of the Premises is not thereby diminished, and provided, however, that no alterations, additions or changes costing in excess of Five Thousand Dollars ($5,000.00) in the aggregate in any twelve (12) consecutive
month period may be made without first obtaining Landlord’s prior written approval. In addition, no 

  
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alterations, additions or changes shall be made to any structural portions of the Premises, mechanical, or to the exterior of the Premises, including without limitation, the walls or roof of the
Premises, nor shall Tenant erect any mezzanine, unless and until the written consent and approval of Landlord shall have first been obtained, which approval may be given or withheld in Landlord’s sole and absolute discretion. Any request for
Landlord’s consent shall be made in writing and shall contain architectural plans describing the Alterations in detail reasonably satisfactory to Landlord. As a condition to giving any such consent, Landlord may require, among other conditions,
that (a) Tenant agree to remove any such alterations, additions, or changes at the expiration of the Lease Term and to restore the Premises to their prior condition if Landlord so elects at the end of the Lease Term, and/or (b) Tenant
provide Landlord at Tenant’s sole cost and expense a lien and completion bond in an amount equal to one and one-half times the estimated cost of such improvements, to insure Landlord against any liability for mechanics’ and
materialmen’s liens and to insure completion of the work. Tenant understands and agrees that Landlord shall be entitled to a supervision fee for any Alterations for which Landlord’s consent is required herein. Such supervision fee shall be
in an amount equal to two percent 2% of the cost of any such work. In no event shall Tenant make or cause to be made any penetration through the roof of the Premises without the prior written approval of Landlord. Tenant shall be directly
responsible for any and all damages resulting from any violation of the provisions of this Article. Nothing in this Article 10.1 shall diminish or change Landlord’s right, as provided in Article 27.3 of this Lease, to designate at the end of
the Lease Term those Alterations installed by Tenant which Landlord will require to be removed prior to Tenant’s surrender of the Premises to Landlord, as further described in Article 27.3 of this Lease. 

10.2 Installation Requirements. All alterations, additions or changes to be made to the Premises (“Alterations”) shall be done in accordance
with the following: 
 A. All Alterations shall be performed by a contractor acceptable to Landlord and licensed by the State of California.

 B. All Alterations shall be done in a good and workmanlike manner and diligently prosecuted to completion to the end that the Premises
shall at all times be a complete unit except during the period of work. 
 C. All Alterations which require the approval of Landlord shall be
made under the supervision of a competent architect or competent licensed structural engineer and made in accordance with plans and specifications approved in writing by Landlord before the commencement of work. Landlord’s approval of
Tenant’s plans and specifications shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency or compliance with Law. 

D. Prior to commencement of installation of any Alterations, Tenant shall provide Landlord with (i) not less than twenty
(20) days’ prior notice in order to allow Landlord to post notices of non-responsibility in or on the Premises or the Building as provided by Law; (ii) a copy of its permit to do the work from the applicable governmental agencies; and
(iii) certificates of insurance from the Tenant’s contractor, evidencing that such contractor maintains in force a policy of commercial general liability insurance in an amount of not less than $2,000,000 per occurrence of bodily injury
and property damage combined, indicating Landlord and Landlord’s property managers as additional insureds, and maintains worker’s compensation insurance in such amount as is required by Law, and other insurance that may be reasonably
required by Landlord. 
 E. Upon completion of installation of the Alterations (and prior to occupancy of the Premises for the conduct of
Tenant’s business), Tenant shall file a Notice of Completion as permitted by law in the office of the County Recorder in the County where the Complex is located and shall provide to Landlord (i) a copy of the filed Notice of Completion;
(ii) the final permit sign-off; and (iii) as-built plans and specifications for the Alterations. 

  
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 F. All Alterations shall be performed and installed strictly in accordance with all permit
requirements and all Laws, including the ADA. Without limiting the generality of the foregoing, Tenant agrees that Tenant shall make any alterations, additions or changes required by Law because of (i) Tenant’s application for any permit
or governmental approval; or (ii) Tenant’s construction of any Alteration or installation of any trade fixture. If any governmental entity requires, as a condition to any proposed Alterations to the Premises by Tenant, that improvements be
made to the Common Areas, and if Landlord consents thereto, then Tenant shall, at Tenant’s sole cost and expense, make such required improvements to the Common Areas, in such manner, utilizing such materials, and with such contractors as
Landlord may require in its sole discretion. Furthermore, if Tenant begins an Alteration, then Tenant shall ensure that any parts of the Premises that are altered are made accessible to and usable by disabled persons to the maximum extent feasible,
as required by the ADA. 
 G. In performing the work of any Alterations, Tenant shall ensure that the access to the premises of any other
tenant in the Complex will not be obstructed. 
 10.3 Removal. Upon termination of Tenant’s leasehold estate, such alterations, additions or
changes shall be considered as improvements and shall not be removed by Tenant but shall become a part of the Premises, unless required by Landlord to be removed pursuant to Section 27.3. 

ARTICLE 11. REPAIRS AND MAINTENANCE 
 11.1 Repairs and
Maintenance by Landlord. Subject to reimbursement as set forth in this Lease, Landlord shall keep in good order, condition and repair the exterior foundations, exterior walls (except the interior faces thereof within the Premises), downspouts,
gutters, paving, structural elements, landscaping, windows, window frames, doors, hardware, electrical, plumbing, elevators, lighting, heating and air conditioning systems. Such expenses shall be included in Operating Expenses for purposes of
Article 14.2. If, however, any repairs or maintenance are required because of an act or omission of Tenant, or its agents, employees or invitees, then Tenant shall pay to Landlord upon demand one hundred percent (100%) of the cost of such
repair or maintenance and Landlord may add the cost of such repairs to the next installment of rent which shall thereafter become due. Notwithstanding anything in this Lease to the contrary, after the initial construction of the improvements to the
Premises by Landlord prior to the Commencement Date, if any, Landlord shall have no obligation to alter, remodel, improve, decorate or paint the Premises or any part thereof. Landlord shall have no obligation to commence any such repairs or
replacements until after the expiration of thirty (30) days following written notice from Tenant to Landlord of the need thereof. 
 11.2
Repairs & Maintenance By Tenant. Except as expressly provided in Article 11.1 above, Tenant shall, at its sole cost, keep and maintain the interior of the Premises in good and sanitary order, condition and repair. 

11.3 Plumbing. The plumbing facilities shall not be used for any other purpose than that of which they are constructed, and no foreign substances of any
kind shall be thrown therein, and the expense of any breakage, stoppage, or damage resulting from a violation of this provision by Tenant or Tenant’s employees, agents, invitees or customers shall be borne by Tenant. 

11.4 Defacement Of Surfaces. Tenant, its employees or agents, shall not mark, paint, drill or in any way deface any walls, ceilings, partitions, floors,
wood, stone or iron work. 

  
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 11.5 Alterations & Repairs Required By Laws, Etc. Tenant shall at its own cost and expense
promptly and properly observe and comply with (but not to the extent of making structural repairs, improvements and alterations not arising out of the use and occupation of the Premises by Tenant) all present and future orders, regulations,
directions, rules, laws, ordinance and requirement of all governmental authorities (including, but not limited to, state, municipal, county and federal governments and their departments, bureaus, boards and officials), and the Board of Fire
Underwriters, and any other board or organization exercising similar functions, arising from the use or occupancy of, or applicable to the Premises, or the vaults, franchises, or privileges appurtenant thereto, or connected with the enjoyment
thereof, except such as arise from the use and occupancy of a part of the building other than the Premises. Tenant shall have the right to contest or review, by legal procedure or in such other manner as Tenant may deem suitable, at its own expense,
any such order, direction, rule, requirement, law, ordinance or regulations, and if able, may have the same canceled, removed, revoked or modified, provided that Landlord is not subjected to a criminal prosecution as a result thereof and that
Landlord’s title to the Premises is not subjected to forfeiture as a result thereof and Tenant hereby agrees to indemnify and hold Landlord harmless from and against any civil liability as a result thereof. Such proceedings shall be conducted
promptly, and shall include, if Tenant so decides, appropriate appeals. Whenever any such requirements become absolute after a contest, Tenant shall promptly comply with the same or so much thereof as shall have become absolute. 

11.6 Liens. Tenant agrees to pay, when due, all sums of money that may become due for, or purporting to be due for, any labor, services, materials,
supplies, or equipment alleged to have been furnished or to be furnished to or for Tenant in, upon or about the Premises and which may be secured by any mechanic’s, materialmen’s or other lien against the Premises and/or Landlord’s
interest therein, and will cause each such lien to be fully discharged and released at the time the performance of any obligation secured by any such lien matures and/or becomes due. Landlord shall have the right to post and maintain on the Premises
such notices of non-responsibility as are provided for under the mechanics’ lien law of California. In the event any lien is filed against the Premises or the Complex arising out of any work performed, materials furnished or obligations
incurred by or on behalf of Tenant, Tenant shall, within three (3) days after Landlord’s written demand, bond such lien and cause the Premises and Complex to be released therefrom. 

ARTICLE 12. SERVICES AND UTILITIES 
 All operation and
management of the Complex, including, but not limited to, the furnishing of water, gas, light, heat, power, electricity, telephone, trash pick-up, property management services, landscaping, janitorial services, sewer charges, pest control, security
charges, and all other services supplied to or consumed on the Premises or the Complex, shall be controlled by Landlord and shall be included in Operating Expenses described in Article 14.2, except to the extent such charges are directly billed to
Tenant. Landlord shall not be liable for and Tenant shall not be entitled to any abatement or reduction of Rent by reason of any interruption or failure of utility or other services to the Premises during the Lease Term. Utilities and services shall
be provided in accordance with the Standards for Utilities and Services set forth in Exhibit C attached hereto and incorporated herein. The parties agree to the terms and provisions set forth in the Standards and to any modifications or additions
thereto. 
 ARTICLE 13. SIGNS & OTHER ADVERTISING MEDIA 

No sign, placard, picture, advertisement, name or notice shall be inscribed, displayed, printed or affixed on or to any part of the outside of the Premises, or
any exterior windows of the Premises, or any interior windows visible from common areas of the Complex, without the prior written consent of Landlord (which consent may be granted in Landlord’s absolute discretion) and Landlord shall have the
right to remove the same without notice to and at the expense of Tenant. Tenant shall be permitted to install its 

  
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name on the main building directory and its suite. At Landlord’s option, upon expiration or other sooner termination of this Lease, Tenant shall, at Tenant’s sole cost, remove all
Tenant signage, repair all damage caused thereby and restore the appearance of the Premises and the Building to its condition prior to the placement of said signs. All approved signs (or lettering on outside doors or glass doors facing the atrium)
shall be done at the expense of Tenant by a person selected by Landlord, except that Landlord shall install, at Landlord’s expense, the Tenant’s name on the building directory in the main lobby of the Complex. 

ARTICLE 14. CONSTRUCTION & MAINTENANCE OF COMMON AREAS 

14.1 Maintenance by Landlord. Landlord shall maintain during the term of this Lease, all Common Areas and all Parking Areas within the Complex, except
that Landlord may at any time delegate such maintenance to any other party upon such terms and conditions as Landlord deems appropriate. The manner in which such areas and facilities shall be maintained, and the expenditures therefore, shall be at
the sole discretion of Landlord and shall be subject to reimbursement by Tenant in accordance with this Lease, and the use of such areas and facilities shall be subject to such rules and regulations as Landlord shall make from time to time. 

14.2 Operating Expenses. For purposes of this Lease, “Operating Expenses” shall mean all direct costs of operating, maintaining and managing
the Building, Complex and the Premises (including Parking Areas) including, but not limited to, all reasonable charges paid or expenses incurred by Landlord for: repairs; maintenance; utilities; water; capital improvements required to meet the
mandates of government regulations; exterior cleaning and janitorial services; security services; modifications or additional capital improvements or replacement of existing building systems and equipment to reduce the Operating Expenses;
replacement of capital improvements or Building sewer equipment existing as of the Commencement Date when required because of normal wear and tear; maintenance and replacement of landscaping, glazing, plumbing systems, electrical systems, heating
and air conditioning systems, automatic fire extinguishing systems, roofs, down spouts, Building interiors, ceilings, and Building exterior and common area doors; rubbish removal; property and liability insurance (including deductibles); licenses,
permits and inspections; costs of supplies, tools and equipment used in the repair or maintenance of the Building, Complex and Premises; property management fees; administrative fees; legal and accounting expenses; amortization (together at the
Interest Rate per annum on the unamortized balance) on machinery and equipment used to maintain the Complex, the Building, the Parking Areas or the Premises; amortization (together at the Interest Rate per annum on the unamortized balance) on other
personal property used by Landlord in the Building; and the reasonable cost of reasonably contesting the validity or applicability of any government enactments that may affect Operating Expenses. 

Except as set forth herein, Operating Expenses shall exclude leasing commissions, tenant improvement costs, the costs billed to and paid by a
specific tenant, interest on encumbrances and depreciation (except as indicated above). If a specific item is not specifically excluded, it shall be deemed to be included in Operating Expenses. 

In the event that the Complex is expanded or reduced, appropriate adjustment shall be made in Operating Expenses to include the expanded area
or to remove the eliminated area, as appropriate. Tenant’s share of such costs and expenses shall be computed on a cash basis under generally accepted accounting principles. 

14.3 Tenant Parking. Tenant, its officers, agents and employees shall park their cars in Parking Areas that shall be designated from time to time by
Landlord. Tenant shall not at any time park or permit the parking of its trucks or vans or the vehicles of others in the truck passageway or adjacent to any loading dock so as to interfere in any way with the use thereof, nor shall Tenant at any
time park or permit the parking of its trucks or vans or the trucks or vans of its suppliers in the parking lot. 

  
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 Any parking charges, surcharges or any other cost hereafter levied or assessed by local, state or
federal governmental agencies in connection with the use of the parking facilities serving the Premises, including, without limitation, any parking surcharge imposed by or under the authority of the Federal Environmental Protection Agency, shall be
included in Operating Expenses as defined in Article 14.2 above. Should Landlord require that Tenant issue parking permits to its individual employees or develop any form of traffic parking management plan, Tenant agrees to fully and promptly
cooperate with Landlord and Tenant’s failure to do so shall constitute a material breach of this Lease. 
 Tenant, its agents, officers,
employees and invitees, shall have the non-exclusive right (in conjunction with the use of the part of the Building leased to such Tenant) to make reasonable use of any driveways, sidewalks and available Parking Areas located in the Complex.
Tenant’s reasonable use of the Parking Area shall not exceed that percent of the total Parking Area which is equal to Tenant’s proportionate share of Operating Expenses and Real Property Taxes set forth in Article 1. Notwithstanding
anything in this Lease to the contrary, Landlord reserves the right, at any time during the Lease Term, to convert the Parking Area to a pay-for-parking lot with charges for parking determined by Landlord in its sole discretion. 

14.5 Rules And Regulations For Common Areas. Landlord reserves the right to promulgate such rules and regulations relating to the use of the Premises,
the Parking Areas and the Common Areas, and any part or parts thereof as Landlord may deem appropriate and for the best interests of the Tenants. Attached hereto as Exhibit F and incorporated herein by reference are said current rules and
regulations, and Tenant agrees to abide by such rules and regulations and to cooperate in the observance thereof. Such rules and regulations shall be binding upon Tenant upon delivery of a copy thereof to Tenant. Said rules and regulations may be
amended by Landlord from time to time, with or without advance notice, and all such amendments shall be effective upon delivery of a copy thereof to Tenant. 

14.6 Changes. Landlord shall have the right to designate from time to time and to change from time to time the portions of the Complex that shall be
used for parking purposes and/or Common Areas. Landlord’s right to change the Parking Areas and the Common Areas from time to time shall include Landlord’s right to construct improvements (including, but not limited to, buildings) in the
Parking Areas and/or Common Areas in Landlord’s sole and absolute discretion. All Parking Areas and Common Areas which Tenant may be permitted to use are to be used under a revocable license, and if any such license is revoked, or if the amount
of such area is diminished (due to the construction of improvements in the Parking Areas and/or Common Areas, or otherwise), Landlord 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 or diminution of such areas be deemed constructive or actual eviction. Furthermore, Tenant shall not be entitled to a diminution or abatement of rent due to construction noise or mess resulting from Landlord’s
construction activities in the Parking Areas and/or Common Areas. Tenant shall not operate, maintain or allow to be placed in the Common Areas any newspaper racks, vending machines, or other merchandise without Landlord’s prior written consent.

 14.7 Common Area Management. If Landlord at any time determines, in Landlord’s sole judgment, that the best interests of the Complex will be
served by having all or any other portion or portions of the Complex managed, operated, and maintained by a person, firm, or corporation other than Landlord, Landlord may select any such person, firm, or corporation to manage, operate, and maintain
all or any portion of the Common Areas, and Landlord may negotiate and enter into an agreement therefore with such person, firm, or corporation on such terms and conditions and for such time as Landlord shall, in Landlord’s sole judgment, deem
reasonable. The costs and fees thereof shall be included within the Operating Expenses. 

  
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 ARTICLE 15. ASSIGNMENT AND SUBLETTING 

15.1 Landlord’s Consent Required. Tenant may not, voluntarily or by operation of law, assign its interest in this Lease, sublet the Premises, or
enter into license or concession agreements or otherwise transfer, mortgage, pledge, hypothecate or encumber all or any part of Tenant’s interest in this Lease or in the Premises or any part thereof, (each referred to herein as a
“Transfer”), without the prior written consent of Landlord. Tenant may request consent from Landlord to sublease the Premises, such consent not to be unreasonably withheld. Any attempt to do so without the Landlord’s prior written
consent shall be considered an uncurable breach of this Lease by Tenant and in such case Landlord shall have the right to either (i) terminate this Lease; or (ii) upon thirty (30) days written notice to Tenant, which notice shall be a
“Landlord’s Notice” as defined in Article 32 and shall contain Landlord’s determination of fair market rental value, increase the Monthly Base Rent for the entire Premises to fair market rental value (as determined in accordance
with Article 32 of this Lease), or one hundred fifty percent (150%) of the Monthly Base Rent then in effect, whichever is greater. Pending determination of the new fair market rental value, if disputed by Tenant, Tenant shall pay the amount
determined by Landlord as set forth in Landlord’s Notice, with any overpayment credited against the next installment(s) of Monthly Base Rent coming due, and any underpayment for the period retroactively to the effective date of the adjustment
being due and payable immediately upon the determination thereof. 
 Prior to any Transfer, Tenant shall notify Landlord in writing of the name and address
of the proposed transferee, and deliver to Landlord financial statements of the proposed transferee, a true and complete copy of the proposed transfer agreement, and shall promptly provide to Landlord any other information reasonably requested by
Landlord to enable Landlord to evaluate the proposed Transfer. Landlord shall, within twenty (20) days of receipt of complete information as required above, elect to do one of the following: 

A. consent to such proposed Transfer; 

B. refuse such consent by providing reasonable basis for such refusal; or 

C. terminate this Lease with respect to the portion of the Premises which Tenant desires to Transfer, in which case rental paid by Tenant to
Landlord hereunder shall be reduced in the proportion that the leasable square feet of the Premises that Tenant desires to so Transfer bears to the total leasable square feet of the Premises; and thereafter neither party shall have any further
obligation or liability to the other with regard to said portion of the Premises except for matters which arose prior to termination and except for the obligations that exist upon termination. 

15.2 Form of Instrument. Each Transfer to which Landlord has consented shall be by an instrument in writing in form satisfactory to Landlord, and in the
case of an assignment or sublease shall be executed by the assignor or sublessor and by the assignee or subtenant in each instance, as the case may be; and each assignee or subtenant shall agree in writing for the benefit of the Landlord herein to
assume, to be bound by, and to perform the terms, covenants, and conditions of this Lease to be done, kept, and performed by the Tenant. One executed copy of such written instrument shall be delivered to the Landlord. Tenant agrees to reimburse
Landlord for Landlord’s reasonable attorney’s fees incurred in connection with the processing and documentation of any such requested assignment or subletting of this Lease or Tenant’s interest in and to the Premises. No such
assignment or subletting shall release Tenant from its obligations to Landlord hereunder unless Landlord agrees in writing to such release. Notwithstanding the provisions of Article 21 hereof, even though Tenant has breached this Lease and abandoned
the Premises, this Lease shall continue in effect for so long as Landlord does not terminate Tenant’s right to possession of the Premises under Article 21, and Landlord may enforce all of its rights and remedies under this Lease, including the
right to recover the rent as it becomes due hereunder, in addition to the remedies set forth in Article 21 hereof. The following acts by Landlord shall not constitute a termination of Tenant’s right to possession: (1) acts of maintenance
or preservation or efforts to re-let the property; or (2) the appointment of a receiver upon initiative of Landlord to protect the Landlord’s interest under this Lease. 

  
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 15.3 No Release of Tenant. No consent by Landlord to any Transfer by Tenant shall relieve Tenant of any
obligation to be performed by Tenant under this Lease, whether occurring before or after such consent or Transfer. If Tenant shall purport to assign this Lease, or sublet all or any portion of the Premises, or permit any person or persons other than
Tenant to occupy the Premises without Landlord’s prior written consent, Landlord may collect rent from the person or persons then or thereafter occupying the Premises, and apply the net amount collected to the rent reserved herein, but no such
collection shall be deemed a waiver of this Article 15, or the acceptance as Tenant of any such purported assignee, subtenant or occupant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein
contained. 
 15.4 Surplus Rent. To the extent that the aggregate amount of all payments to be made by the proposed assignee, transferee or sublessee
to Tenant exceeds the sum of the aggregate amount of the Monthly Base Rent payable by Tenant to Landlord during the term of such sublease, transfer or assignment, or the remaining term of the Lease, whichever expires earlier, such excess amount
shall be amortized ratably over the term of such sublease, transfer or assignment or the remaining term of the Lease, whichever expires earlier, and one hundred percent (100%) of such amortized portion of such excess amount shall be paid by
Tenant to Landlord on the first day of each month during the applicable term. 
 15.5 Transfer of Ownership. If Tenant is a corporation,
unincorporated association or partnership, the transfer, assignment or hypothecation of any stock or interest in such corporation, association, or partnership in the aggregate in excess of 25 percent shall be deemed a Transfer within the meaning and
provisions of this Article 15. 
 ARTICLE 16. ACCESS TO PREMISES 

16.1 Entry by Landlord. Landlord and its designees shall have the right to enter upon the Premises at all reasonable hours (and in emergencies at all
times) (i) to inspect the same, (ii) to make repairs, additions or alterations to the Premises, the building of which the Premises form a part, or any property owned or controlled by Landlord (and for such purposes erect scaffolding and
other necessary structures where reasonably required by the character of the work to be performed, always providing the entrance to the Premises shall not be blocked thereby), and (iii) for any lawful purpose. Furthermore, Landlord and its
potential and existing lenders, insurers, brokers, purchasers and tenants shall have the right to enter upon the Premises during Tenant’s business hours. If Landlord deems any repairs required to be made by Tenant necessary, it may demand that
Tenant make the same forthwith, and if Tenant refuses or neglects to commence such repairs and complete the same with reasonable dispatch, Landlord may make or cause such repairs to be made and shall not be responsible to Tenant for any loss or
damage that may accrue to its stock or business by reason thereof, and if Landlord makes or causes such repairs to be made Tenant agrees that it will forthwith, on demand, pay to Landlord the cost thereof with interest at twelve percent
(12%) per annum. If an excavation shall be made or shall be authorized to be made upon the land adjacent to the Premises or the building in which the Premises are located, Tenant shall permit all necessary persons to enter the Premises for the
purpose of doing such work as Landlord shall deem necessary to preserve the walls of the building in which the Premises are located from injury or damage, and Tenant shall not have any claim against Landlord for damages, indemnification or
diminution or abatement of rent. During the last six (6) months of the Lease Term, Landlord may post “For Lease” signs upon the Premises. 

  
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 ARTICLE 17. EMINENT DOMAIN 

17.1 Taking. If title to all of the Premises or so much thereof be taken for any public or quasi-public use under any statute or by right of eminent
domain, or by private purchase in lieu thereof, so that a reasonable amount of reconstruction of the Premises will not result in the Premises being a practical improvement and reasonably suitable for Tenant’s continued occupancy for the uses
and purposes for which the Premises are leased, this Lease shall terminate as of the date that possession of said Premises, or part thereof, be taken. 

17.2 Partial Taking. If any of the Premises shall be so taken and the remaining part thereof (after reconstruction of the then existing building in
which the Premises are located) is reasonably suitable for Tenant’s continued occupancy for the purposes and uses for which the Premises are leased, this Lease shall, as to the part so taken, terminate as of the date that possession of such
part of said Premises be so taken and the fixed rent shall be reduced in the same proportion that the leasable area of the portion of the Premises so taken (less any additions thereto by reason of any reconstruction) bears to the original Leasable
Area of the Premises. Landlord shall, at its own cost and expense, make all necessary repairs or alterations to the building in which the Premises are located so as to constitute the portion of the building not taken a complete architectural unit
and the remaining Premises a complete merchandising unit, but such work shall not exceed the scope of the work to be done by Landlord in originally constructing said building. A just and proportionate part of the Monthly Base Rent shall be abated
during such restoration if there is a substantial interference with Tenant’s business. 
 17.3 Disposition Of Proceeds. All compensation awarded
or paid upon such a total or partial taking of the fee of the Premises shall belong to and be the property of Landlord, whether such compensation be awarded or paid as compensation for diminution in value of the leasehold or the fee; provided,
however, that Landlord shall not be entitled to or responsible for any award made to Tenant for loss of business, depreciation to, and cost of removal of stock and fixtures. 

17.4 Further Assurances Each party agrees to execute and deliver to the other all instruments that may be required to effectuate the provisions of this
Lease. 
 ARTICLE 18. DAMAGE OR DESTRUCTION 

18.1 Rebuilding Obligation. In case the Premises shall be partially or totally destroyed by fire or other casualty covered by Landlord’s fire and
extended coverage insurance, Landlord shall, within a period of one hundred fifty (150) days thereafter, commence repair, reconstruction and restoration of the Premises and prosecute the same diligently to completion, in which event this Lease
shall continue in full force and effect, unless Landlord shall elect not to rebuild as hereinafter provided. 
 18.2 Landlord’s Option To
Terminate. If more than fifty percent (50%) of the leasable area of the Complex or more than fifty percent (50%) of the building in which the Premises are located shall be destroyed or so damaged by fire, or other casualty insurable
under Landlord’s fire and extended coverage, or if the building in which the Premises are located is destroyed to the extent of not less than thirty-three and one-third percent (33-1/3%) of the replacement cost thereof, or in the event the
Premises shall be partially or totally destroyed by a cause or casualty other than covered by Landlord’s fire and extended coverage risk insurance, then, in any such event, Landlord may, if it so elects, rebuild or put said building in good
condition and fit for occupancy within a reasonable time after such destruction or damage, or may give notice in writing terminating this Lease as of a date not later than one hundred fifty (150) days after any such damage or destruction. If
Landlord elects to repair or rebuild said building, it shall, within one hundred fifty (150) days after such injury, give Tenant notice of its intention to repair and then proceed with reasonable speed to make such repairs. Unless Landlord
elects to terminate this Lease, this Lease shall remain in full force and effect and the parties waive the provisions of any law to the contrary. 

  
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 18.3 Portions To Be Rebuilt By Landlord And Tenant. Landlord’s obligation (should it elect or be
obligated to repair or rebuild) shall be limited to the basic building, and Landlord shall not be required to repair, reconstruct or restore any damage by fire or other cause to any portion of the Premises constructed by or at the direct or indirect
expense of Tenant. Tenant shall forthwith replace or fully repair all of Tenants Work , exterior signs, trade fixtures, equipment, display cases and other installations installed by Tenant at its expense. All insurance proceeds payable under
Landlord’s fire and extended coverage risk insurance shall be payable solely to Landlord and Tenant shall have no interest therein. 
 18.4 Rent
Abatement. In the event of repair, reconstruction and restoration as herein provided, the Monthly Base Rent shall be abated proportionately with the degree to which Tenant’s use of the Premises is impaired, commencing from the date of
destruction and continuing during the period of such repair, reconstruction or restoration. Tenant shall continue the operation of its business on the Premises during any such period to the extent reasonable practicable from the standpoint of
prudent business management; the obligation of Tenant hereunder to pay Percentage Rent and additional sums shall remain in full force and effect. Tenant shall not be entitled to any compensation or damages from Landlord for loss of the use of the
whole or any part of the Premises, or the building of which the Premises may be a part, Tenant’s personal property or any inconvenience or annoyance occasioned by such damage, repair, reconstruction or restoration. 

18.5 Mutual Release/No Statutory Termination. Upon any termination of this Lease under any of the provisions of this Article, each party shall be
released thereby without further obligations to the other party coincident with the surrender of possession of the Premises to Landlord, except for items which have theretofore accrued and are then unpaid and for rights of indemnification for acts
or omissions occurring prior to such termination and surrender. Tenant hereby waives any statutory rights of repair or rights of termination which may arise by reason of any partial or total destruction of the Premises which Landlord is obligated to
restore or may restore under any of the provisions of this Article, and further waives any rights it may have to construe any damage to the Premises as a constructive eviction. 

ARTICLE 19. HOLD HARMLESS 
 19.1 No Liability.
Landlord shall not be liable for injury to Tenant’s business or any loss of income therefrom, or for loss of or damage to the goods, wares, merchandise or other property of Tenant, Tenant’s employees, invitees, customers, or any other
person in or about the Premises or the Complex, nor shall Landlord be liable for injury to the person of Tenant, Tenant’s employees, agents or contractors or invitees, whether such damage or injury is caused by or results from theft, fire,
steam, electricity, gas, falling plaster, water or rain, or from the breakage, leakage, obstruction or other defects of pipes, sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures, or from any other cause, whether said
damage or injury results from conditions arising upon the Premises or upon other portions of the Complex, or from other sources or places, or from new construction or the repair, alteration or improvement of any part of the Complex, or of the
equipment, fixtures, or appurtenances applicable thereto, and regardless of whether the cause of such damage or injury or the means of repairing the same is inaccessible. Landlord shall not be liable for any damage arising from any acts or neglect
of co-tenants or other occupants of the Complex or of adjacent property, or the public, nor shall Landlord be liable in damages or otherwise for any failure to furnish, or interruption of service of any water, steam and/or chilled water, caused by
fire, accident, riot, strike, labor disputes, acts of God, or the making of any repair or improvements or other causes beyond the control of Landlord. Landlord shall have no liability or responsibility for damage to motor vehicles of customers or
employees or for loss of property from within such motor vehicles. 
 19.2 Indemnity. Tenant agrees to indemnify, defend, reimburse, exonerate, pay
and hold Landlord harmless from and against any and all claims, liability, loss, costs or damages arising from: (i) any act, omission or negligence of Tenant, or its contractors, licensees, agents, servants, employees, customers or

  
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invitees: (ii) any accident, injury or damage whatsoever caused to any person or property occurring in, on or about the Premises or elsewhere in the Complex; or (iii) any breach by
Tenant of its representations, covenants, warranties or obligations under this Lease, including but not limited to, Tenant’s agreements and obligations provided in Section 6.1 of this Lease. If any action or proceeding is brought against
Landlord by reason of any such claim, Tenant, upon notice from Landlord, shall defend the same at Tenant’s expense with counsel reasonably satisfactory to Landlord. This obligation to indemnify shall include all costs, expenses and liabilities
incurred in or in connection with any such claims or proceeding brought thereon. This indemnity shall survive the expiration or earlier termination of this Lease. 

19.3 Prevention, Delay, Stoppage. Any prevention, delay or stoppage due to strike, lockouts, sabotage, labor disputes, acts of God, power failures,
inability to obtain labor or materials or reasonable substitutes therefor, governmental restrictions, governmental regulations, governmental controls, enemy or hostile governmental action, war or warlike operations, civil commotion, fire of other
casualty, shall excuse performance by such party for a period equal to any such delay, prevention or stoppage, except the obligations imposed by Article 5 hereof. 

ARTICLE 20. NOTICES 
 All notices, statements, demands,
requests, consents, approvals, authorizations, offers, agreements, appointments or designations hereunder by one party to the other shall be in writing and shall be sufficiently given and served upon the other party if sent by certified mail, return
receipt requested, postage prepaid or by nationally recognized overnight courier service such as Federal Express, addressed to the addresses of the parties specified in Article 1 hereof. Notice sent by certified mail shall be effective on the third
day after mailing. Notice sent by nationally recognized overnight courier service shall be effective the next business day after being sent. Either party may change its address for purposes of this Article 20 by written notice to the other. 

ARTICLE 21. REMEDIES 
 21.1 Tenant Default. Tenant
shall be in default of its obligations under this Lease if any of the following events shall have occurred (an “Event of Tenant’s Default”): 

A. Tenant fails to make any payment of any sum due under this Lease when due; 

B. The failure to open and/or operate its business in the Premises from and after the Commencement Date as required by Section 6.4 of this
Lease; 
 C. Tenant breaches any other term of this Lease for fifteen (15) days after notice from Landlord; 

D. Tenant’s interest herein, or any part thereof, is assigned or transferred, either voluntarily or by operation of law (except as
expressly permitted by other provisions of this Lease), including, without limitation, the filing of a petition by or against Tenant under any insolvency or bankruptcy laws, or if Tenant makes a general or any assignment for the benefit of its
creditors; or 
 E. Tenant shall have failed to execute and/or deliver documents required of its pursuant to this Lease within the time
periods specified therein. 
 21.2 Landlord’s Remedies. If any Event of Tenant’s Default occurs, Landlord shall have the following remedies,
in addition to all other rights and remedies provided by any Law or in equity or otherwise provided in this Lease, to which Landlord may resort cumulatively or in the alternative: 

A. Landlord may keep this Lease in effect and enforce by an action at law or in equity all of its rights and remedies under this Lease,
including (i) the right to recover the Rent and other sums as they become due by appropriate legal action, (ii) the right to make payments required of Tenant or perform 

  
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Tenant’s obligations and be reimbursed by Tenant for the cost thereof with interest at the maximum legal rate from the date the sum is paid by Landlord until Landlord is reimbursed by
Tenant, and (iii) the remedies of injunctive relief and specific performance to compel Tenant to perform its obligations under this Lease. Notwithstanding anything contained in this Lease, in the event of a breach of an obligation by Tenant
which results in a condition which poses an imminent danger to safety of persons or damage to property, an unsightly condition visible from the exterior of the building in which the Premises are located, or a threat to insurance coverage, then if
Tenant does not cure such breach within three days after delivery to it of written notice from Landlord identifying the breach, Landlord may cure the breach of Tenant and be reimbursed by Tenant for the cost thereof with interest at the maximum
legal rate from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. 
 B. Landlord may enter the Premises and relet
them to third parties for Tenant’s account for any period, whether shorter or longer than the remaining Lease Term. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises, including brokers’
commissions and expenses of altering and preparing the Premises for the reletting. Tenant shall pay to Landlord the Rent on the date the Rent is due, less the rent and other sums Landlord received from any reletting. No act by Landlord allowed by
this Article 21.2B shall terminate this Lease unless Landlord notifies Tenant in writing that Landlord elects to terminate this Lease. Notwithstanding any reletting without termination, Landlord may later elect to terminate this Lease because of the
Event of Tenant’s Default. 
 C. Landlord may terminate this Lease by giving Tenant written notice of termination, in which event this
Lease shall terminate on the date set forth for termination in such notice. Any termination under this Article 21.2C shall not relieve Tenant from its obligation to pay sums then due Landlord or from any claim against Tenant for damages or Rent
previously accrued or then accruing. In no event shall any one or more of the following actions by Landlord, in the absence of a written election by Landlord to terminate this Lease, constitute a termination of this Lease: (i) appointment of a
receiver or keeper in order to protect Landlord’s interest hereunder; (ii) consent to any subletting of the Premises or assignment of this Lease by Tenant, whether pursuant to the provisions hereof or otherwise; or (iii) any other
action by Landlord or Landlord’s agents intended to mitigate the adverse effects of any breach of this Lease by Tenant, including any action taken to maintain and preserve the Premises or any action taken to relet the Premises or any portions
thereof to the extent such actions do not affect a termination of Tenant’s right to possession of the Premises. 
 D. In the event
Tenant breaches this Lease and abandons the Premises, this Lease shall not terminate unless Landlord gives Tenant written notice of its election to so terminate this Lease. No act by or on behalf of Landlord intended to mitigate the adverse effect
of such breach, including those described by Article 21.2C, shall constitute a termination of Tenant’s right to possession unless Landlord gives Tenant written notice of termination. Should Landlord not terminate this Lease by giving Tenant
written notice, Landlord may enforce all its rights and remedies under this Lease, including the right to recover the rent as it becomes due under the Lease as provided in California Civil Code Section 1951.4. 

E. In the event Landlord terminates this Lease, Landlord shall be entitled, at Landlord’s election, to damages in an amount as set forth
in California Civil Code Section 1951.2 as in effect on the date of this Lease specified on page 1 hereof. For purposes of computing damages pursuant to California Civil Code Section 1951.2, (i) an interest rate equal to the maximum
legal rate shall be used where permitted; and (ii) the term “rent” includes all Rent. Such damages shall include: 
 (i) the
worth at the time of award of the unpaid rent which had been earned at the time of termination including interest at the maximum legal rate; 

(ii) the worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of
award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided including interest at the maximum legal rate; 

  
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 (iii) the worth at the time of award of the amount by which the unpaid rent for the balance of
the term after the time of award exceeds the amount of such rental loss for the same period that Tenant proves could be reasonably avoided; and 

(iv) any other amount necessary to compensate Landlord for all detriment proximately caused by Tenant’s failure to perform its obligations
under this Lease or which in the ordinary course of things would be likely to result therefrom, including, by not limited to, (i) expenses for cleaning, repairing or restoring the Premises; (ii) expenses for altering, remodeling or
otherwise improving the Premises for the purpose of reletting, including installation of leasehold improvements (whether such installation be funded by a reduction of rent, direct payment or allowance to a new tenant, or otherwise);
(iii) broker’s fees, advertising costs and other expenses of reletting the Premises; (iv) costs of carrying the Premises, such as taxes, insurance premiums, utilities and security precautions; and (v) expenses in retaking
possession of the Premises and in reletting the Premises or otherwise incurred as a result of Tenant’s default. 
 For the purpose of
this Section, it shall be deemed that the Percentage Rent for any period after any such default and entry by Landlord would have been at a monthly rate thereafter equal to the rate of Percentage Rent which Tenant was obligated to pay Landlord during
the next preceding year, except that if such event shall occur during the first year, then at the rate for the then elapsed portion of the Lease Term. 

21.3 Attorney’s Fees And Costs. In the event of the bringing of any action by either party hereto as against the other hereon or hereunder, or by
reason of the breach of any covenant or condition on the part of the other party, the party in whose favor final judgment shall be entered shall be entitled to have and recover of and from the other actual court costs incurred and reasonable
attorney’s fees to be fixed by the court wherein such judgment shall be entered. 
 21.4 Appointment of Receiver. Should a receiver be appointed
in any action by Landlord against Tenant, the receiver may take possession of any personal property belonging to Tenant and used in the business being conducted on the Premises, and Tenant agrees that the entry or possession by such a receiver shall
not constitute an eviction of Tenant from the Premises or any portion thereof. Tenant agrees to indemnify and hold Landlord harmless from any liability arising out of the entry by such receiver and the taking of possession of the Premises and/or
said personal property. Neither the application for the appointment of such receiver, nor the appointment itself, shall constitute an election on Landlord’s part to terminate this Lease, unless a written notice of such election is given by
Landlord to Tenant. 
 21.5 Landlord May Cure Defaults. In the event of any breach hereunder by Tenant, Landlord may at any time, without notice, cure
such breach for the account and at the expense of Tenant. If Landlord at any time, by reason of such breach is compelled to pay, or elects to pay, any sum of money or to do any act which will require the payment of any sum of money, or is compelled
to incur any expense, including reasonable attorney’s fees, in instituting, prosecuting or defending any actions or proceedings to enforce Landlord’s rights hereunder or otherwise, the sum or sums so paid by Landlord, with all interest,
costs and damages, shall be deemed to be additional rent hereunder and shall be due from Tenant to Landlord on the first day of the month following the incurring of such respective expenses. 

21.6 Notice of Default. Any notice given by Landlord in order to satisfy the requirements of Article 21.1 above shall also satisfy the notice
requirements of California Code of Civil Procedure Section 1161 regarding unlawful detainer proceedings. 
 21.7 Interest. Any sum due and
payable to Landlord under the terms of this Lease which is not paid when due shall bear interest at the maximum legal rate from the date when the same becomes due and payable by the provisions hereof until paid, notwithstanding specific reference
thereto elsewhere in this Lease. 
  

  
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 21.8 Late Charges. Notwithstanding anything to the contrary contained in the Lease, Tenant hereby
acknowledges that late payment by Tenant to Landlord of Monthly Base Rent, Percentage Rent, Tenant’s pro-rata share of the costs and expenses of maintaining and operating the Common Areas, Taxes or other sums due hereunder will cause Landlord
to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by
the terms of any mortgage or trust deed covering the Complex. Accordingly, if any installment of Monthly Base Rent, Percentage Rent, Tenant’s pro-rata share of the costs and expenses of maintaining and operating the Common Areas, Taxes or other
sum due from Tenant shall not be received by Landlord or Landlord’s designee in good funds within three (3) days after such amount shall be due, then, without any requirement for notice to Tenant, Tenant shall pay to Landlord a late charge
equal to 10% of such overdue amount as additional Rent. If Tenant pays by check not honored by the bank (i.e. if Tenant’s check “bounces”), the Tenant will not have paid in good funds for purposes of this Lease. The parties hereby
agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event constitute a waiver of Tenant’s default
with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted Landlord under the Lease. In addition to a late charge, Tenant shall pay to Landlord any attorney fees and expenses incurred by
Landlord by reason of Tenant’s failure to pay rent and/or other charges when due hereunder. 
 21.9 Payment by Immediately Available Funds.
Landlord shall have the right, but not the obligation, to require Tenant to pay by either cash or cashier’s check all sums specified as being due and unpaid in any Three Day Notice served upon Tenant. Furthermore, if Tenant fails to pay Rent in
good funds when due on two (2) separate occasions during any twelve-month period of the Lease, Landlord shall have the right, but not the obligation, to require, by giving written notice to Tenant, either or both of the following, in addition
to any other rights and remedies accruing pursuant to any other term, provision or covenant of this Lease or at law or in equity and in addition to the late charges stated herein: (i) that Rent be paid quarterly in advance instead of monthly;
and (ii) that all future Rent payments are to be made on or before the due date by cash or cashier’s check. In the event Landlord requires Tenant’s payment by cash or cashier’s check as provided in this Section 21.9, then
delivery of Tenant’s personal or corporate check thereafter will no longer constitute a payment of Rent as provided in this Lease. 
 21.10
Landlord’s Default. Notwithstanding anything in this Lease to the contrary, Landlord shall not be in default of its obligations under this Lease unless and until Landlord shall neglect or fail to perform or observe any of the
covenants, provisions or conditions contained in this Lease on its part to be performed or observed for a period of 30 days after written notice from Tenant specifying the nature of the failure (or if more than 30 days shall be required because of
the nature of the failure, if Landlord shall fail to initiate the cure of such failure within such 30 days and proceed diligently to complete such cure). In no event shall Tenant have the right to terminate this Lease as a result of Landlord’s
default and Tenant’s remedies shall be limited to damages and/or an injunction. 
 ARTICLE 22. BANKRUPTCY 

Tenant agrees that in the event all or substantially all of the Tenant’s assets be placed in the hands of a receiver or trustee, and such receivership or
trusteeship continues for a period of thirty (30) days, or should the Tenant make an assignment for the benefit of creditors or be finally adjudicated a bankrupt, or should the Tenant institute any proceedings under the Bankruptcy Act as the
same now exists or under any amendment thereof which may hereafter be enacted, or under any other act relating to the subject of bankruptcy wherein the Tenant seeks to be adjudicated a bankrupt, or to be discharged of its debts, or to

  
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effect a plan of arrangement, liquidation, composition or reorganization, or should any involuntary proceeding be filed against the Tenant under any such bankruptcy laws and such proceeding not
to be dismissed or terminated within ninety (90) days thereafter, then this Lease or any interest in and to the Premises shall not become an asset in any of such proceedings and, in any such events and in addition to any and all rights or
remedies of the Landlord hereunder or by law provided, it shall be lawful for the Landlord to declare the term hereof ended and to re-enter the Premises and take possession thereof and remove all persons therefrom, and the Tenant shall have no
further claim thereon or hereunder. The provisions of this Article 22 shall also apply to any Guarantor of this Lease. 
 ARTICLE 23. WAIVERS 

One or more waivers of any covenant or condition by Landlord shall not be construed as a waiver of a subsequent breach of the same or any other covenant or
condition and the consent or approval by Landlord to or of any act by Tenant requiring Landlord’s consent or approval shall not be deemed to waive or render unnecessary Landlord’s consent or approval to or of any subsequent similar act by
Tenant. The subsequent acceptance of rent hereunder by Landlord shall not constitute a waiver of any preceding breach by Tenant of any term, covenant or condition of this Lease, other than the failure of Tenant to pay the particular rental so
accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such rent. No waiver shall be effective unless it is in writing and signed by Landlord. 

Tenant hereby waives the right to make repairs at Landlord’s expense under the provisions of Sections 1941 and 1942 of the Civil Code of California. In
respect to any partial destruction which Landlord is obligated to repair or may repair under any of the provisions of this Lease, the provisions of Section 1932, Subdivision 2 and Section 1933, Subdivision 4, of the Civil Code of
California, are hereby waived by Tenant. In addition, both Landlord and Tenant waive the right to trial by jury, and any dispute between them or concerning the provisions of this Lease in which they are joined as the parties shall be submitted to a
judge sitting without a jury. 
 ARTICLE 24. NO ACCORD AND SATISFACTION 

No payment by Tenant or receipt by Landlord of a lesser amount than the rent herein provided shall be deemed to be other than on account of the earliest rent
due and payable hereunder, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as rent be deemed and accord and satisfaction, and Landlord may accept any such check or payment without prejudice to
Landlord’s right to recover the balance of such rent or pursue any other remedy provided in this Lease. 
 ARTICLE 25. SUBORDINATION; ATTORNMENT;
ESTOPPEL CERTIFICATES 
 25.1 Subordination. Tenant agrees that this Lease shall be subordinate to any mortgages or trust deeds that are now or
may hereafter be placed upon said Premises and to any and all advances made or to be made thereunder, and to the interest thereon and all renewals, replacements and extensions thereof, without the necessity of the execution and delivery of any
further instruments on the part of Tenant to effectuate such subordination. If any mortgagee or beneficiary elects to have this Lease superior to its mortgage or deed of trust by notice to Tenant, then this Lease shall be deemed superior to the lien
of any such mortgage or trust deed, whether this Lease is dated or recorded before or after said mortgage or trust deed. 
 Tenant hereby agrees to execute
and deliver to Landlord and/or Landlord’s mortgagee or beneficiary named in said mortgage or deed of trust, within ten (10) days after Landlord’s request, a subordination and attornment agreement in such form as is requested by any
existing or future mortgagee or beneficiary of Landlord, and any other evidence of attornment as Landlord’s lender may from time to time request. 

  
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 25.2 Attornment By Tenant. In the event any proceedings are brought for foreclosure, or in the event of
the exercise of the power of sale under any such mortgage or deed of trust, Tenant shall (at the election of the purchaser) automatically attorn to the purchaser upon any such foreclosure or sale and recognize such purchaser as Landlord under this
Lease. Landlord’s mortgageee or beneficiary named in the mortgage or deed of trust may, at its sole option, accept or reject such attornment to the full extent permitted by law. 

25.3 Estoppel Certificates. Tenant agrees at any time and from time to time within ten (10) days from written request by the Landlord, to execute,
acknowledge and deliver to Landlord a statement in writing 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), and the dates to which the fixed rent and other charges have been paid in advance, if any, and confirming Tenant’s acceptance of the Premises, the Commencement Date, the Termination Date and the rent provided under the Lease,
and any other item requested by Landlord, it being intended that any such statement delivered pursuant to this Section 25.3 may be relied upon by any prospective purchaser, mortgagee, or assignee of any mortgagee of the Premises or the Complex.
Furthermore, Tenant hereby agrees to execute and deliver to Landlord and/or Landlord’s mortgagee or beneficiary named in said mortgage or trust deed, within ten (10) days after being requested, an estoppel certificate in such form as is
requested by Landlord or said mortgagee or beneficiary named in said mortgage or trust deed. Tenant’s failure to deliver such statement within such time shall be an Event of Tenant’s Default under this Lease. 

ARTICLE 26. SECURITY DEPOSITS 
 In the event that said
Security Deposit or any portion thereof, is appropriated and applied by Landlord for the payment of overdue rent, or otherwise used or applied by Landlord as provided in this Lease, Tenant shall, within five (5) days of receipt of a written
demand thereof by Landlord, remit to Landlord a sufficient amount in cash to restore said Security Deposit to the original sum specified in Article 1 hereof. 

Upon execution of this Lease, Tenant shall deposit with Landlord the sum specified in Article 1 hereof as a “Security Deposit.” The Security Deposit
shall be held by Landlord as security for the Tenant’s full and faithful performance of each and every term, provision, covenant and condition of this Lease. In the event Tenant defaults in respect of any of the terms, provisions, covenants or
conditions of this Lease, including but not limited to the payment of rent, Landlord may use, apply or retain the whole or any part of such security for the payment of any rent in default, for the payment of future rent loss or damages, including
any damages under California Civil Code Section 1951.2 and 1951.4, or for any other sum which Landlord may spend or be required to spend by reason of Tenant’s default. The Security Deposit may be held by Landlord until such damages are
finally determined and Landlord shall have a right of set off against the Security Deposit. Should Tenant faithfully and fully comply with all of the terms, provisions, covenants and conditions of this Lease, the security or any balance thereof
shall be returned to Tenant or, at the option of the Landlord, to the last assignee of Tenant’s interest in this Lease after the expiration of the term hereof. Tenant shall not be entitled to any interest on said Security Deposit. Tenant hereby
waives its rights under the provisions of California Civil Code Section 1950.7. 
 ARTICLE 27. ABANDONMENT; HOLDING OVER AND SURRENDER 

27.1 Abandonment. Tenant shall not vacate or abandon the Premises at any time during the term of this Lease. If Tenant should violate this prohibition,
or be dispossessed of the Premises involuntarily, by operation of law or otherwise, any personal property belonging to Tenant and left on the Premises shall be deemed to be abandoned, at Landlord’s option, or Landlord may store such property in
Tenant’s name and at Tenant’s expense, without notice to Tenant. 

  
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 27.2 Holding Over. If Tenant remains in possession of the Premises, or any part thereof, after the
expiration of the Term hereof without the express written consent of Landlord, Tenant shall be liable to Landlord for any and all damages caused by Tenant’s failure to vacate the Premises, including without limitation, damages incurred in
connection with any agreement by Landlord to lease or sell the Premises. During such unpermitted holdover, Tenant’s Monthly Base Rent shall equal the amount of the last monthly Base Rent payable by Tenant hereunder plus an increase equal to one
hundred percent (100%) of such amount, plus all other charges payable hereunder, and subject to all other terms of this Lease. No such holding over by Tenant shall operate to extend the Term of this Lease. Any holding over with Landlord’s
consent in writing shall thereafter constitute a lease from month-to-month, terminable upon thirty (30) days’ notice from either party, at a monthly rental rate equal to the amount of the last monthly Minimum Rent payable by Tenant plus an
increase equal to fifty percent (50%) of such amount, plus all other charges payable hereunder, and subject to all other terms of the Lease. 
 27.3
Surrender. On the last day or sooner termination of the Lease Term, Tenant shall quit and surrender the Premises broom clean, in good condition and repair (reasonable wear and tear and damage by acts of God or fire excepted) together with all
alterations, additions and improvements which may have been made in, to, or on the Premises, except movable furniture or unattached movable trade fixtures put in at the expense of Tenant, except that Tenant shall ascertain from Landlord within
thirty (30) days before the end of the Lease Term whether Landlord desires to have the Premises or any part or parts thereof restored to their condition when the Premises were delivered to Tenant and if Landlord shall so desire then Tenant
shall restore said Premises or such part or parts thereof before the end of the Lease Term at Tenant’s sole cost and expense and shall remove any Alterations designated by Landlord for removal. Tenant, on or before the end of the Lease Term
shall remove all its property from the Premises, and all property not so removed shall be deemed abandoned by Tenant. If the Premises are not surrendered at the end of the Lease Term, Tenant shall indemnify Landlord against loss or liability,
including attorney’s fees of Landlord,. resulting from delay by Tenant in so surrendering the Premises including, without limitation, any claims made by any succeeding Tenant founded on such delay. 

ARTICLE 28. SALE OF PREMISES BY LANDLORD 
 In the event of
any sale or exchange of the Premises by the Landlord and assignment by Landlord of this Lease, the Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or
derived from this Lease occurring after the consummation of such sale or exchange and assignment. The obligations contained in this Lease to be performed by Landlord shall be binding on Landlord’s successors and assigns, only during their
respective periods of ownership. 
 ARTICLE 29. HAZARDOUS MATERIALS. 

29.1 Definitions. As used herein, the term “Hazardous Material” shall mean any hazardous or toxic substance, material or waste which is or
becomes regulated by any local governmental authority, the State of California, or the United Stated federal government. The term “Hazardous Material” includes, without limitation, petroleum products, asbestos, PCB’s and all other
materials and substances designated as hazardous or toxic by the U.S. Environmental Protection Agency, the California Water Quality Control Board and the California Department of Health Services. Without limiting the generality of the foregoing, the
term “Hazardous Materials” shall include all of those materials and substances defined as “Toxic Materials” in Sections 66680 through 66685 of Title 22 of the California Administrative Code, Division 4, Chapter 20, as the same
shall be amended from time to time. As used herein, the term “Hazardous Material Law” shall mean any statute, law, ordinance, or regulation of any governmental body or agency which regulates the use, storage, release or disposal of any
Hazardous Material. 

  
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 29.2 Use Restriction. Subject to the terms and conditions set forth herein, Tenant shall be permitted to
use and store in the Premises only the substances listed on Exhibit D attached hereto (however, the inclusion of Exhibit D shall in no way be deemed to create any obligation on Landlord’s part to review the list of Hazardous
Materials for conformity to laws). In addition, Tenant may use small quantities of household chemicals such as adhesives, lubricants, and cleaning fluids in order to conduct its business at the Premises in accordance with this Lease. Any handling,
transportation, storage, treatment, disposal or use of Hazardous Materials by Tenant shall strictly comply with all applicable Hazardous Materials Laws. Tenant shall provide Landlord with a copy of all manifests for Hazardous Materials used,
handled, transported, stored, treated, or disposed of by Tenant in, on, or from the Premises. Except as specifically allowed in this Lease, Tenant shall not cause or permit any Hazardous Material to be used, stored, or disposed of in or about the
Premises, or any other land or improvements in the vicinity of the Premises. The presence of any Hazardous Material that is not permitted by this Lease in or about the Premises shall be deemed a default and breach by Tenant of this Lease. If the
presence of Hazardous Materials on the Premises caused or permitted by Tenant or Tenant’s employees, agents, officers, contractors, invitees or customers, results in contamination of the Premises or any soil in or about the Premises, Tenant, at
its expense, shall promptly take all actions necessary to return the Premises to the condition existing prior to the appearance of such Hazardous Material. 

Notwithstanding anything in this Lease to the contrary, in no event shall Tenant or anyone for or on behalf of Tenant (x) use any asbestos or asbestos
containing material whatsoever in the performance of any Tenant’s Work or any alterations or changes thereto or to any other leasehold improvements by or for Tenant located in, on or about the Premises or (y) place or dispose of any
Hazardous Materials (including, but not limited to, fluorescent light tubes) in any trash receptacles within the Complex. 
 29.3 Indemnity. Tenant
shall defend, hold harmless and indemnify Landlord and its agents and employees with respect to all claims, damages, losses, penalties, fines, liabilities, attorneys’ fees, experts’ fees, courtroom costs and other expenses resulting from
or arising out of any storage, use, treatment, transportation, release or disposal of Hazardous Materials in or about the Premises. Tenant shall not suffer any lien to be recorded against the Premises as a consequence of a Hazardous Material,
including any so-called state, federal or local “super fund” lien related to the “clean up” of a Hazardous Material in or about the Premises. This indemnity shall survive the expiration or earlier termination of this Lease. 

29.4 Compliance. Tenant shall give Landlord written notice as soon as reasonably practicable of (i) any communication received from any
governmental authority concerning Hazardous Materials which relates to the Premises, and (ii) any contamination of the Premises by Hazardous Materials which constitutes a violation of any Hazardous Materials Law. At any time during the Lease
Term, Tenant shall, within five days after written request therefor received from Landlord, disclose in writing all Hazardous Materials that are being used by Tenant on the Premises, the nature of such use, and the manner of storage and disposal.
Tenant acknowledges that Landlord, as the owner of the Premises, at its election, shall have the sole right, at Tenant’s expense, to negotiate, defend, approve and appeal any action taken or order issued with regard to a Hazardous Material by
an applicable governmental authority. Landlord shall have the right to appoint a consultant, at Tenant’s expense, to conduct an investigation to determine whether Hazardous Materials are being used, stored and disposed of in an appropriate
manner. Tenant, at its expense, shall comply with all recommendations of the consultant. 
 29.5 Certification Upon Termination of Lease. Upon the
expiration or earlier termination of the Lease, Tenant, at its sole cost, shall remove all Hazardous Materials from the Premises and shall provide a certificate to Landlord at Landlord’s request certifying that there is no contamination of soil
in or about the Premises and that there is no other contamination of Hazardous Materials in the Premises. If Tenant 

  
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fails to so surrender the Premises, Tenant shall indemnify and hold Landlord harmless from all damages resulting from Tenant’s failure to surrender the Premises as required by this
Section 29.5, including any claims or damages in connection with the condition of the Premises such as damages occasioned by the inability to re-let the Premises or a reduction in the fair market and/or rental value of the Premises by reason of
the existence of any Hazardous Materials in or around the Premises. Notwithstanding anything to the contrary contained in this Lease, in the event any of the equipment serving the Premises such as, but not limited to, refrigerators, air conditioning
systems, and supplemental heating, ventilating and air conditioning systems utilize refrigerants containing chlorofluorocarbons (sometimes commonly referred to as “CFC’s”), Landlord, in its sole discretion, shall have the option to
require Tenant, at its sole cost and expense, to remove such equipment at the expiration or earlier termination of the Term. 
 29.6 Clean-Up
Activities. If any action is required to be taken by a governmental authority to clean-up Hazardous Materials from the Premises and such action is not completed prior to the expiration or earlier termination of the Lease, Tenant shall be deemed
to have impermissibly held over until such time as such required action is completed, and in addition to the requirements of this Article 29, Landlord shall be entitled to all damages directly or indirectly incurred in connection with such holding
over, including damages occasioned by the inability to re-let the Premises or a reduction of the fair market and/or rental value of the Premises. 
 29.7
Survival. The obligations of Landlord and Tenant under this Article 29 shall survive the expiration or earlier termination of this Lease. 

ARTICLE 30. BROKERS. 
 Except for Landlord’s broker
as identified in Article 1, Tenant’s broker, as identified in Article 1, and West Valley Properties, Inc., Tenant covenants, warrants and represents to Landlord that no conversation or negotiations were had by Tenant with any broker, agent,
subagent, salesperson or finder concerning the leasing of the Premises. Tenant agrees to protect, indemnify, save and keep harmless Landlord, against and from all liabilities, claims, losses, costs, damages and expenses, including attorneys’
fees, arising out of, resulting from or in connection with a breach of the foregoing covenant, warranty and representation. Tenant hereby expressly acknowledges and agrees that (i) Landlord’s broker shall, for all purposes hereunder or at
law or in equity, be acting as the sole agent of Landlord and (ii) no dual agency shall be deemed to exist or to have been created by the actions, statements, warranties or representations (whether verbal or written) of Landlord’s broker,
or by any omission thereof, so that under no circumstances shall Landlord’s broker or any other person, corporation, partnership or other entity representing Landlord ever be deemed in any way to be the agent of Tenant in connection with the
leasing of the Premises to Tenant pursuant to the terms and provisions of this Lease. Tenant hereby expressly waives any and all claims that such dual agency exists and further acknowledges and agrees that there shall be absolutely no liability on
the part of Landlord or any such broker, agent or licensee of Landlord arising as a result of any such claim, notwithstanding any action, statement, warranty or representation of any kind (whether written or oral) to the contrary made to Tenant by
such broker, agent or licensee. For purposes of this Section, the terms “broker”, “licensee” and “agent” shall be deemed to also include subagents and the employees of such broker, licensee, agent or subagent. 

  
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 ARTICLE 31. RELOCATION 

31.1 Terms and Conditions. Landlord shall have the right to relocate all or any portion of the Premises from time to time to another part of the Complex
(the “New Premises”) on the following terms and conditions: 
 (a) the New Premises shall be substantially the same in size,
dimensions, configuration, and decor as the Premises described in this Lease, and shall be placed in that condition by Landlord at its cost; 

(b) in the case of a relocation of only part of the Premises, the New Premises shall be contiguous with the unrelocated portion of the
Premises; 
 (c) the physical relocation of Tenant to the New Premises shall be accomplished by Landlord at its cost; 

(d) Landlord shall give Tenant at least 60 days’ prior written notice of Landlord’s intention to relocate Tenant to the New Premises;

 (e) the physical relocation of Tenant to the New Premises shall be accomplished as quickly as reasonably practical, and in no event shall
any relocation occur during the months of November or December; 
 (f) the Rent (as defined in Article 5.1 of this Lease) shall be reduced
equitably during the relocation, in an amount reasonably determined by Landlord, according to the degree (if any) to which Tenant’s business is disrupted; 

(g) Landlord shall pay all of the reasonable, verifiable, actual out-of-pocket costs, incurred by Tenant as a result of the relocation,
including (but not limited to) costs incurred in changing addresses on stationery, business cards, directories, advertising, and other such items, but excluding any lost revenues or other intangible costs; 

(h) promptly after the relocation is completed, the parties shall execute an amendment to this Lease explaining the relocation of Tenant to the
New Premises (and any applicable reduction or increase in Rent); 
 (i) after any such relocation, the term Premises, as used in this Lease,
shall refer to the Premises as so relocated. 
 31.2 Rent for New Premises. If all or any part of the Premises is relocated pursuant to this Lease,
and the Premises following such relocation have a leasable area smaller than that of the Premises immediately before such relocation, then the Monthly Base Rent on and after the date that such relocation is completed shall be reduced to an amount
determined by multiplying the Monthly Base Rent in effect immediately before that date by a fraction, the numerator of which is the leasable area of the Premises on that date and the denominator of which is the leasable area of the Premises
immediately before such relocation. The Monthly Base Rent as so reduced shall, however, still be subject to adjustment pursuant to the provisions of this Lease. 

ARTICLE 32. DETERMINATION OF FAIR MARKET RENTAL VALUE. 

32.1 Landlord and Tenant to Resolve Dispute Regarding Determination. If determination of fair market rental value is required for purposes of Article 15
or any options to extend granted to Tenant under this Lease or any Addendum hereto, Landlord shall notify Tenant of Landlord’s determination of fair market rental value (“Landlord’s Notice”). If Tenant disputes Landlord’s
determination of the fair market rental value as contained in Landlord’s Notice, Tenant shall notify Landlord in writing within ten (10) days of its receipt of Landlord’s Notice, which notice shall set forth Tenant’s
determination of the fair market rental value. Should Tenant timely notify Landlord as aforesaid, Landlord and Tenant shall 

  
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attempt to resolve their differences within ten (10) days following Landlord’s receipt of Tenant’s notice. If Tenant fails to timely notify Landlord as aforesaid, time being
strictly of the essence, Tenant shall be deemed to have accepted Landlord’s determination of fair market rental value, as contained in Landlord’s Notice. 

32.2 Appraiser to Resolve Dispute. If Landlord and Tenant cannot agree on fair market rental value during such ten (10) day period following
Landlord’s receipt of Tenant’s notice, Landlord and Tenant shall each appoint as an appraiser a real estate broker experienced in leasing office space in the county in which the Premises are located and give notice of such appointment to
the other within ten (10) days after the foregoing ten (10) day period. If either Landlord or Tenant shall fail timely to appoint an appraiser, then the single appraiser appointed by one party shall proceed to make the determination of
fair market rental value. Such appraisers shall, within thirty (30) days after the appointment of the last of them to be appointed, complete their written determinations of fair market rental value and furnish the same to Landlord and Tenant.
Each party shall pay the fees and costs of the appraiser appointed by it. If the valuations vary by 10% or less of the higher value, the fair market rental value shall be the average of the two valuations. If the valuations vary by more than 10% of
the higher value, the two appraisers shall, within ten (10) days after submission of the last appraisal report, appoint a third disinterested appraiser. If the two appraisers shall be unable to agree in a timely manner on the selection of the
third appraiser, then either appraiser, on behalf of both, may request appointment of such third disinterested appraiser by the presiding judge of the Superior Court of the County in which the Premises is located. Such third appraiser shall, within
thirty (30) days after appointment, make a determination of fair market rental value and submit an appraisal report to Landlord and Tenant. The fair market rental value of the Premises shall be as determined by the third appraiser, unless it is
(A) less than the valuation set forth in the lower prior appraisal, in which case the lower prior appraisal shall be controlling, or (B) greater than the valuation set forth in the higher prior appraisal, in which case the valuation set
forth in the higher prior appraisal shall be controlling. All fees and costs incurred in connection with the determination of fair market rental value by the third appraiser shall be paid one-half by Landlord and one-half by Tenant. For purposes of
this Article 32 the fair market rental value of the Premises shall take into consideration all current market factors, including without limitation the quality, size and location of the Premises. 

ARTICLE 33. GENERAL PROVISIONS 
 33.1 No
Relationship. Nothing contained in the Lease shall be deemed or construed by the parties hereto or by any third person to create the relationship of principal and agent or of partnership or of joint venture or of any association between Landlord
and Tenant, and neither the method or computation of rent nor any other provision contained in this Lease nor any acts of the parties hereto shall be deemed to create any relationship between Landlord and Tenant other than the relationship of
Landlord and Tenant. 
 33.2 Successors. Each and all of the provisions of this Lease shall be binding upon and inure to the benefit of the parties
hereto, and except as otherwise specifically provided elsewhere in this Lease, their respective heirs, executors, administrators, successors and assigns, subject at all times, nevertheless, to all agreements and restrictions contained elsewhere in
this Lease with respect to the assignment, transfer, encumbering or subletting of all or any part of Tenant’s interest in this Lease. 
 33.3
Captions. The captions of the Articles and Sections of this Lease are for convenience only and shall not be considered or referred to in resolving questions of interpretation or construction. 

33.4 Corporate Status. In the event the Tenant hereunder shall be a corporation, the parties executing this Lease on behalf of the Tenant hereby
covenant and warrant that the Tenant is a duly qualified corporation and all steps have been taken prior to the date hereof to qualify Tenant to do business in California; all franchise and corporate taxes have been paid to date; and all future
forms, reports, fees and other documents necessary to comply with applicable laws will be filed when due. 

  
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 33.5 Tenant Mix. Landlord reserves the absolute right to effect such other tenancies in the Complex as
Landlord, in the exercise of its sole business judgment, shall determine to best promote the interests of the Complex. Tenant does not rely on the fact, nor does Landlord represent that any specific tenant, tenant mix or number of tenants shall
during the term of this Lease occupy any space in the Complex. 
 33.6 Entire Agreement. This Lease is and shall be considered to be the only
agreement between the parties hereto and their representatives and agents. All negotiations and oral agreements acceptable to both parties have been merged into and are included herein. There are no oral agreements or representations or warranties
between the parties affecting this Lease, and this Lease supersedes and cancels any and all previous negotiations, arrangements, brochures, agreements, or representations and understandings, if any, between the parties hereto or displayed by
Landlord to Tenant with respect to the subject matter thereof, and none thereof shall be used to interpret or construe this Lease. 
 33.7 Governing
Law. The laws of the State of California shall govern the validity, performance and enforcement of this Lease. Should either party institute legal suit or action for enforcement of any obligation contained herein, it is agreed that the venue of
such suit or action shall be, at the option of the Landlord, in either (a) the County in which the Property is located; or (b) the County of Landlord’s choice. Tenant expressly consents to Landlord’s designating the venue of any
such suit or action. Although the printed provisions of this Lease were drawn by Landlord, this Lease shall not be construed either for or against Landlord or Tenant, and this Lease shall be interpreted in accordance with the general tenor of the
language in an effort to reach an equitable result. 
 33.8 Waiver. A waiver of any breach or default shall not be a waiver of any other breach or
default. Landlord’s consent to, or approval of, any act by Tenant requiring Landlord’s consent to or approval shall not be deemed to waive or render unnecessary Landlord’s consent to or approval of any subsequent similar act by
Tenant. 
 33.9 Time is of the Essence. Time is of the essence with respect to the performance of each of the covenants and agreements contained in
this Lease. 
 33.10 Waiver of Redemption. Tenant hereby expressly waives any and all rights of redemption granted by or under any present or future
laws in the event of Tenant being evicted or dispossessed for any cause, or in the event Landlord obtaining possession of the Premises by reason of the breach by Tenant of any of the covenants and condition of this Lease or otherwise. The rights
given to Landlord herein are in addition to any rights that may be given to Landlord by any statute or otherwise. 
 33.11 Invalidity. Any provision
or provisions of this Lease which shall prove to be invalid, void or illegal, shall be severed from the remainder of this Lease and 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. 
 33.12 Delay. Notwithstanding any other provision of this Lease, in the event the term of this Lease
shall not have commenced within twenty-one (21) years from the date of execution hereof, this Lease shall become null and void and Landlord and Tenant shall thereupon be released from any and all obligations with respect thereto. This provision
shall not be deemed to extend the commencement date of the term hereof. 
 33.13 Signatories. If Tenant shall be a corporation, this Lease must be
executed by the President or Vice-President and the Secretary or Assistant Secretary of Tenant, unless the By-Laws or a resolution of the Board of Directors shall otherwise provide, in which event the By-Laws or a certified copy of the resolution,
as the case may be, must be furnished. 
 33.14 Landlord’s Consent. If Landlord’s consent is required pursuant to the terms of this Lease,
(i) Landlord shall have the right to withhold Landlord’s consent in Landlord’s sole and absolute discretion, unless otherwise specified in such provision; and (ii) Landlord’s consent is required to be in writing. 

  
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 33.15 Guaranty. If a Guarantor is specified in Article 1, Tenant’s obligations under this Lease are
guaranteed by such Guarantor pursuant to the terms of the Guaranty attached hereto as Exhibit E and incorporated herein by reference. 
 33.16
Lender Requirements. If any financial institution providing financing to Landlord should require any modification of the terms and provision of this Lease other than the rental and the location of the Premises, and if Tenant should refuse to
approve and execute any modifications so required, then Landlord shall have the right by notice to Tenant to cancel this Lease. 
 33.17 Satisfaction of
Judgment. The obligations of Landlord under this Lease do not constitute the personal obligations of the individual partners, trustees, members, directors, officers or shareholders of Landlord or its constituent partners or members. Should
Tenant be awarded a judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Complex, and no action for any deficiency may be sought or obtained by Tenant. 

33.18 Options. 
 A. Definition. As
used in this Article 33.18 the word “Option” has the following meaning: (1) the right or option to extend the term of this Lease or to renew this Lease or to extend or renew any lease that Tenant has on other property of Landlord;
(2) the option or right of first refusal to lease the Premises or the right of first offer to lease the Premises or the right of first refusal to lease other space within the Complex or other property of Landlord or the right of first offer to
lease other space within the Complex or other property of Landlord; or (3) the right of first refusal, right of first offer or option to purchase the Premises or the Complex, or the right of first refusal to purchase the Premises, the Complex
or other property of Landlord. 
 B. Options Personal. Each Option granted to Tenant in this Lease, if any, is personal to the original
Tenant and may be exercised only by the original Tenant while occupying the Premises who does so without the intent of thereafter assigning this Lease or subletting the Premises or any portion thereof, and may not be exercised or be assigned,
voluntarily or involuntarily, by or to any person or entity other than Tenant. The Options, if any, herein granted to Tenant are not assignable separate and apart from this Lease, nor may any Option be separated from this Lease in any manner, either
by reservation or otherwise. 
 C. Multiple Options. In the event that Tenant has any multiple options to extend or renew this Lease a later
option cannot be exercised unless the prior option to extend or renew this Lease has been so exercised. 
 D. Effect of Event of
Tenant’s Default on Options. 
  

	 	(i)	Tenant shall have no right to exercise an Option, notwithstanding any provision in the grant of Option to the contrary if there has been an Event of Tenant’s Default (as defined in Article 21 of this Lease),
whether or not the default is thereafter cured. 

  

	 	(ii)	The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise an Option because of the provisions of Article 33.18 D(i) above.

  

	 	(iii)	All rights of Tenant under the provisions of an Option shall terminate and be of no further force or effect, notwithstanding Tenant’s due and timely exercise of the Option, if, after such exercise and during the
term of this Lease, there shall be an Event of Tenant’s Default, whether or not the default is thereafter cured. 

  
 Bay Tech Gross Office Lease 

Dance Biopharm, Inc. 
 Page 34 

 33.19 No Offer. Preparation of this Lease by Landlord or Landlord’s agent and submission of the same
to Tenant shall not be deemed an offer to Tenant to lease. This Lease shall become binding upon Landlord and Tenant only when fully executed by both parties. 

33.20 Usury. Notwithstanding any provision contained herein to the contrary, if any interest rate specified in this Lease is higher than the rate then
permitted by law, such interest rate specified herein shall automatically be adjusted from time to time to the maximum rate permitted by law. 
 33.21 No
Recording. The parties hereto hereby covenant and agree not to record or file for record (nor cause the same to be recorded or filed for record) this Lease or any copy or memorandum thereof. 

33.22 Joint and Several Liability. If more than one person, corporation or other entity is named as Tenant in this Lease and executes the same as
such, then and in such event, the word “Tenant” wherever used in this Lease is intended to refer to all such persons, corporations or other entities, and the liability of such persons, corporations or other entities for compliance with and
performance of all the terms, covenants and provisions of this Lease shall be joint and several. If Tenant shall be a partnership, the liability of each and every partner thereof for compliance with and performance of all the terms, covenants and
provisions of this Lease shall be joint and several, and no withdrawing partner shall be relieved of any liability hereunder as the result of any such withdrawal. If Tenant is composed in whole or in part of a husband and wife, the separate property
and estate of each spouse as well as the total of their combined property and estates (regardless of however such property or estates may be designated, whether community, marital or otherwise) to which either may have any claim or interest
whatsoever based upon their marital status shall be liable hereunder.  
 33.23 Counterpart Signatures. This Lease may be executed in
counterparts, each of which shall be original, and taken together shall constitute one and the same document. 
 33.24 Disclosure Pursuant to California
Civil Code Section 1938. Landlord hereby discloses to Tenant that the Premises has not been inspected by a Certified Access Specialist (CASp) as of the date of this Lease. 

  
 Bay Tech Gross Office Lease 

Dance Biopharm, Inc. 
 Page 35 

 33.25 Exhibits and Attachments. Each Exhibit, Addendum and Schedule attached hereto is incorporated herein
fully by this reference and shall be deemed to be a part of this Lease. 
 IN WITNESS WHEREOF, the Landlord and Tenant have duly executed this Lease
effective as of the Effective Date. 
 TENANT: 
 Dance
Biopharm, Inc., a Delaware corporation 
  

			
	By:	 	 /s/ Greg Zante

	Title:	 	CFO

 Date Executed: 1/7/14 

LANDLORD: 
 WVP BAY TECH, LLC, 

a California Limited Liability Company 
 By: West
Valley Properties, Inc., a California corporation 
 Its: Manager 
  

					
		 	By:	 	 /s/ Jonathan Michael Rayden

			
		 	Title:	 	President

  

					
		 	Date Executed:	 	1/8/14
		 		 	

  
 Bay Tech Gross Office Lease 

Dance Biopharm, Inc. 
 Page 36 

 ADDENDUM TO LEASE AGREEMENT 

This Addendum to Lease Agreement (“Addendum”) shall serve to add the following provisions to the Lease Agreement entered into by and
between WVP Bay Tech, LLC, a California limited liability company (“Landlord”) and Dance Biopharm, Inc., a Delaware corporation (“Tenant”) as of December 16, 2013 (the “Lease”). This Addendum shall be effective as
of the Effective Date of the Lease. All terms not specifically defined herein are as defined in the Lease. In the event of any conflict between the terms of the Lease and the terms of this Addendum, this Addendum shall prevail and be controlling.

  

	1.	Option to Extend. 

 A. Terms of Option to Extend. Subject to the conditions below, Tenant
shall have the option to extend the term of this Lease for one (1) additional period of thirty-six months (the “Extension Term”). The Extension Term shall commence upon the expiration of the previous term. Tenant’s option to
extend shall be subject to the following conditions: 
 (i) The terms and conditions of Article 33.18 of the Lease shall have
been satisfied in every respect, and the exercise of the option to extend shall be in compliance with, and shall not violate, any provision of Article 33.18 of the Lease; 

(ii) Tenant shall be operating in the Premises in a manner consistent in all respects with this Lease; and 

(iii) Tenant shall give Landlord unconditional written notice of the exercise of its option at least six (6) months but
not more than nine (9) months prior to the expiration of the then current term, time being strictly of the essence, and any failure to give said notice within the required time period shall be deemed an election by Tenant not to extend the term
of the Lease. The Extension Term shall be upon the same terms and conditions as are contained in the Lease, except that the Monthly Base Rent for the Extension Term shall be determined in accordance with subsection B below. If Tenant has exercised
its option to extend, the phrase “Lease Term” as used in the Lease shall mean the initial term of the Lease and the Extension Term. 

B. Monthly Base Rent for the Extension Term. Monthly Base Rent for the Extension Term shall be at fair market rental value, as determined in
accordance with Article 32 of the Lease. Notwithstanding the foregoing, in no event shall the Monthly Base Rent for the Extension Term be less than the Monthly Base Rent for the last full month of the immediately preceding term of the Lease. Monthly
Base Rent for the remainder of the Extension Term shall increase by 3% annually beginning on the first day of the second year of the Extension Term and continuing on the first day of each year thereafter. 

C. Execution of Certificate. Upon determination of the Monthly Base Rent for the Extension Term as described above, the parties shall execute a
certificate specifying the Monthly Base Rent for such Extension Term. 
  

	2.	Services and Utilities. 

 The following language is hereby added to the end of Article 12
of the Lease: 
 “Notwithstanding the foregoing and to the extent the Premises is separately metered, the charges for the separately
metered electricity shall be paid directly by Tenant to the Utility Company.” 

  
 1 

	3.	Commencement Date. 

 Article 4.1 of the Lease, Commencement Date, is hereby deleted in
its entirety and replaced with the following language: 
 “The term of this Lease (“Lease Term”) shall be for a period of time
specified in Article 1 as the Lease Term. The Lease Term shall commence upon the date referred to in Article 1 as the Commencement Date. The Lease Term shall expire on the date referred to in Article 1 as the Termination Date.” 

 

	4.	Rent Commencement Date. 

 The term “Commencement Date” is hereby replaced with
the term “Rent Commencement Date” in the following places in the Lease: 
  

	 	1.	the first sentence of Article 5.1 of the Lease. 

  

	 	2.	the first sentence of the third paragraph of Article 8.1 of the Lease; and 

  

	 	3.	the first sentence of Article 14.2 of the Lease. 

  

	5.	Construction of Premises. 

 Article 9.1 of the Lease, Landlord’s Work, is hereby
deleted in its entirety and replaced with the following: 
 “(a) Landlord shall deliver the Premises to Tenant it is “as is”
condition on the Commencement Date. After the Commencement Date, Landlord will perform the build out of the work described on the attached Exhibit B and Exhibit B-1, which shall be referred to herein as “Landlord’s
Work”. 
 (b) Landlord’s Work shall be constructed in accordance with the final construction documents approved by Landlord and
Tenant (“CDs”); provided that Landlord shall have the right to make minor adjustments and changes to Landlord’s Work during construction without affecting the validity of this Lease or the parties’ rights and obligations
hereunder. Tenant shall provide input for and will approve of the CDs for the Premises within ten (10) days after Landlord provides the CDs to Tenant, which approval shall not be unreasonably withheld. If Tenant fails to respond within such ten
(10) day period, the CDs shall be deemed approved. 
 (c) Landlord will contribute up to twenty-five dollars ($25.00) per square foot,
or a total sum not to exceed $147,900.00 towards the cost of Landlord’s Work (“Landlord’s Contribution”). Any cost of Landlord’s Work in excess of Landlord’s Contribution shall be Tenant’s responsibility and shall
be due and payable to Landlord by Tenant upon substantial completion of Landlord’s Work. Eligible improvements for Landlord’s Contribution shall be: the construction of approximately 1,200 square feet of lab, permanent lab fixtures,
electrical, lighting and plumbing, lay-in ceiling work, floor covering, ceramic tile, drywall, millwork and trim, HVAC, painting and wall covering and glazing. Landlord’s Contribution may not be used applied to Tenant’s trade fixtures,
equipment, security systems, free standing display racks, machinery or merchandise.” 

  
 2 

	6.	Acceptance of Premises. 

 The first two sentences of Article 9.3 of the Lease, Acceptance
of Premises, are hereby deleted in their entirety and replaced with the following: 
 “Tenant shall accept possession of the Premises on
the Commencement Date specified in Article 1 in its “as is” condition (subject to delay as specified in Article 4.5), with the exception of Landlord’s completion of Landlord’s Work, as further described in Article 9.1 of this
Lease.” 
  

	7.	Tenant Acknowledgement and Disturbance During Construction. 

 Tenant acknowledges
its understanding that Landlord will be performing “Landlord’s Work” in the Premises after the Commencement Date of the Lease. Accordingly, Tenant will be in occupancy of the Premises during the time that Landlord is performing
Landlord’s Work in the Premises. Tenant acknowledges its understanding that Landlord’s Work will involve noise, debris and inconvenience, and shall include, among other things, Tenant’s inability to use a portion of the Premises,
replacement of walls, the removal and replacement of the flooring, and the painting of a portion of the Premises. In consideration for Landlord’s agreement to delay Rent commencement until the Rent Commencement Date, Tenant agrees that Tenant
will not be entitled to any remedies, including but not limited to damages or abatement of Rent, arising out of such construction activities. Tenant hereby waives all claims against Landlord or its agents, employees, or contractors, which may arise
out of such construction activities. 
  

	8.	Approval of Landlord’s Lender. 

 This Lease is subject to the approval of the
Landlord’s lender. In the event the approval of Landlord’s lender to this Lease is not obtained on terms satisfactory to Landlord by the date which is sixty (60) days after the Effective Date (the “Deadline”), this Lease
shall be null and void and of no further force and effect thereafter. The Deadline may be extended by written agreement of Landlord and Tenant. 
 9.
    Confidentiality. Tenant acknowledges that this Lease is confidential information of Landlord and that Landlord shall suffer irreparable damage if the contents of this Lease are discovered by the other tenants at the
Complex or any other third parties. Therefore, Tenant agrees that neither Tenant nor Tenant’s employees, agents, representatives or attorneys, shall disclose, release or discuss the contents of this Lease to or with any third party for any
reason. Tenant agrees to reimburse, indemnify, defend and hold Landlord harmless against any and all losses, claims, suits, damages and liabilities resulting from the breach of the foregoing agreement of Tenant contained in this Section 9, such
breach shall constitute an event of default by Tenant under the Lease without need for notice to Tenant or the opportunity to cure. This Section shall not restrict Landlord from disclosing such confidential information of Landlord. 

 

	10.	Leasing Commissions. 

 Landlord has agreed to pay Landlord’s Broker a leasing
commission in connection with this Lease pursuant to a separate written agreement in such amount and at such times as such leasing commission is required to be paid pursuant to the terms of the separate written agreement. 

  
 3 

 Authorized Signatures 

In order to bind the parties to the terms of this Addendum, Landlord and Tenant have duly executed this Addendum below effective as of the day
and year first above written. 
 TENANT: 
 Dance Biopharm,
Inc., a California corporation 
  

					
	By:	 	  
	 	

  

					
	Title:	 	  
	 	

  

					
	Date Executed:	 	  
	 	

 LANDLORD: 
 WVP BAY TECH, LLC,

 a California Limited Liability Company 
 By:
West Valley Properties, Inc., a California corporation 
 Its: Manager 

 

					
	By:	 	  
	 	

  

					
	Title:	 	  
	 	

  

					
	Date Executed:	 	  
	 	

  
 4 

 EXHIBIT A 

SITE PLAN 
  

 
 NOTICE: THE COMMON AREA LAYOUT AS DEPICTED ON THIS SITE PLAN IS SUBJECT TO CHANGE WITHOUT NOTICE. NO
REPRESENTATIONS OR WARRANTIES ARE MADE PERTAINING TO THE INFORMATION ON THIS SITE PLAN AND EACH PROSPECTIVE TENANT SHOULD CONDUCT THEIR OWN INDEPENDENT INVESTIGATION OF ALL PERTINENT PROPERTY INFORMATION AND COME TO THEIR OWN CONCLUSIONS AS TO THE
SUITABILITY FOR YOUR CONTEMPLATED USE. NEITHER LANDLORD NOR AGENT BEARS ANY LIABILITY FOR ANY ERRORS, INACCURACIES, OR OMISSIONS CONTAINED IN THIS SITE PLAN. 

 Exhibit A-1 

Existing Floor Plan 
  

 

 Exhibit B 

LANDLORD’S WORK AND TENANT’S WORK 

Landlord’s Work: Landlord’s Work in the Premises to consist of building out approximately 1,200 sf of lab area subject to Landlord and Tenant
approval of Construction Documents provided by Landlord’s Architect and not to exceed Landlord’s Contribution defined in the Addendum to Lease. 

Tenant’s Work: Tenant’s Work in the Premises is “to be determined” and: (i) is considered an Alteration which is subject to
Landlord’s prior approval; and (ii) shall be installed in accordance with the provisions of Article 10 of the Lease. 

 Exhibit B-1 

Proposed Floor Plan 
 (Subject to
final approved Construction Drawings) 
  
 

 

  
 Bay Tech Gross Office Lease 

1 

 Exhibit C 

STANDARDS FOR UTILITIES AND SERVICES 
 The following Standards
for Utilities and Services shall apply to the Complex. Landlord reserves the right to adopt nondiscriminatory modifications and additions hereto at any time as Landlord, in its sole discretion, deems advisable. 

 

	A.	On the Commencement Date through the date the Lease terminates, during usual business hours (and at other times for a reasonable additional charge to be fixed by Landlord), Landlord shall ventilate the Premises and
furnish air-conditioning or heating on such days and hours, when in the judgment of Landlord it may be required for the comfortable occupancy of the Premises. The
air-conditioning system achieves maximum cooling when the window coverings are closed. Landlord shall not be responsible for room temperatures if Tenant does not keep all window coverings in the Premises
closed whenever the system is in operation. Tenant agrees to cooperate fully at all times with Landlord, and to abide by all regulations and requirements which Landlord may prescribe for the proper functioning and protection of said air-conditioning system. Tenant agrees not to connect any apparatus, device, conduit or pipe to the Complex air-conditioning supply lines. Tenant further agrees that neither
Tenant nor its servants, employees, agents, visitors, licensees or contractors shall at any time enter mechanical installations or facilities of the Complex or adjust, tamper with, touch or otherwise in any manner affect said installations or
facilities. 

  

	B.	The Landlord shall furnish to the Premises during the usual business hours, electric current as required by the Complex’s standard office lighting and fractional horsepower office lighting and fractional horsepower
office business machines in the amount of approximately four (4) watts per square foot. The Tenant agrees, should its electrical installation or electrical consumption be in excess of the aforesaid quantity or extend beyond usual business
hours, to reimburse Landlord monthly on the date Basic Rent is due for the measured consumption at the terms, classifications and rates charged similar consumers by said public utility serving the neighborhood in which the Complex is located. If a
separate meter is not installed at Tenant’s cost, such excess cost will be established by an estimate agreed upon by Landlord and Tenant, and if the parties fail to agree, as established by an independent licensed engineer, selected by Landlord
and approved by Tenant. Tenant agrees not to use any apparatus or device in, or upon, or about the Premises which may in any way increase the amount of such services usually furnished or supplied to said Premises, and Tenant further agrees not to
connect any apparatus or device with wires, conduits or pipes, or other means by which such services are supplied, for the purpose of using additional or unusual amounts of such services without the prior written consent of Landlord. Should Tenant
use the same to excess, Tenant shall pay to Landlord, upon demand, the amount established by Landlord for such excess usage. At all times Tenant’s use of electric current shall never exceed the capacity of the feeders to the Complex or the
risers or wiring installation and Tenant shall not install or use or permit the installation or use of any computer or electronic data processing equipment in the Premises without the prior written consent of Landlord. 

 

	C.	 Water will be available in public areas for drinking and lavatory purposes only, but if, in Landlord’s sole determination, Tenant requires, uses
or consumes water for any purpose in addition to ordinary drinking and lavatory purposes, Landlord may install a water meter at Tenant’s expense and thereby measure Tenant’s water consumption for all purposes. Tenant shall pay Landlord,
upon demand, for the cost of the meter and the cost of the installation thereof and throughout the duration of Tenant’s occupancy Tenant shall keep said meter and installation equipment in good working order and repair at Tenant’s own cost
and expense. If Tenant is in 

  
 Bay Tech Gross Office Lease 

2 

	 	
default of its obligations to keep the meter and equipment in good repair, then Landlord, in addition to all other remedies for breach in this Lease and at law, may cause such meter and equipment
to be replaced or repaired and collect the cost thereof from Tenant. Tenant agrees to pay for water consumed, as shown on said meter, as and when bills are rendered, and on default in making such payment, Landlord may, in addition to all other
remedies for breach in this Lease and at law, pay such charges and collect the same from Tenant. 

  

	D.	The Landlord shall provide janitorial services on the Premises, provided the same are used exclusively as offices and are kept reasonably in order by Tenant. Tenant shall pay to Landlord, upon demand, the cost of
removal of Tenant’s refuse and rubbish, to the extent that the same exceeds the refuse and rubbish usually attendant upon the use of the Premises as offices, as well as any costs of excess rubbish removal due to move-in, new equipment etc.

  

	E.	“Holidays” for purposes of this Lease, shall be defined as holidays observed by the United States Post Office. “Usual business hours” for purposes of this Lease, are from 8:00 a.m. until 6:00 p.m.,
Monday through Friday, except holidays. 

  

	F.	Tenant may operate its business at hours other than usual business hours provided that Tenant acknowledges that it shall pay the cost of operation of HVAC and electricity for power and lighting on a monthly basis as
invoiced by Landlord and payable by Tenant to landlord within fifteen (15) days of invoice for Landlord to Tenant. 

  

	G.	Landlord reserves the right to stop service of the elevator, plumbing, ventilation, air-conditioning and electric systems, when necessary, by reason of accident or emergency or
for repairs, alterations or improvements, in the judgment of Landlord desirable or necessary to be made, until said repairs, alterations or improvements shall have been completed. Landlord’s obligations to provide utilities and services
hereunder shall also be subject to and limited by the Force Majeure provisions of the Lease. Any failure to supply utilities or services, whether caused by a Force Majeure described in the Lease or by reason of accident, emergency, repair,
alteration or improvement, shall not be construed as an eviction of Tenant, whether actual or constructive, and shall not cause an abatement of Rent, either in whole or in part. 

 

	H.	Landlord shall have no obligation whatsoever to supply utilities and services to the Premises if Tenant is in default of any Term, covenant, or condition of this Lease. 

 

	I.	Any costs or expenses incurred by Landlord with respect to Tenant’s default hereunder as well as all payments to be made by Tenant to Landlord pursuant to the above provisions, as stated herein or as may be later
modified, shall be deemed to be Additional Rent under the Lease and Landlord shall have all its rights and remedies under the Lease and at law with respect to the same including but not limited to the right to late fees and interest upon default.

  

	J.	The cost for operating the HVAC at times other than usual business hours is forty and No/100ths Dollars ($40.00) per hour. This cost shall be adjusted to reflect increases in the Consumer Price Index (1982-1984 = 100:
San Francisco-Oakland-San Jose). 

  

	K.	The cost for operating the lighting systems at times other than usable business hours is twelve and No/100ths Dollars ($12.00) per hour. This cost shall be adjusted to reflect increases in the Consumer Price Index
(1982-1984 = 100: San Francisco-Oakland-San Jose). 

  
 Bay Tech Gross Office Lease 

3 

 EXHIBIT D 

HAZARDOUS MATERIALS OF TENANT 

  
 Bay Tech Gross Office Lease 

4 

 EXHIBIT E 

GUARANTY 
 1. Obligation Guaranteed.
For valuable consideration, the undersigned (hereinafter called “Guarantor”) unconditionally guarantees to WVP Bay Tech, LLC, a California limited liability company; and its successors and assigns (hereinafter collectively called
“Obligee”) the payment of all indebtedness of             (hereinafter called “Obligor”) under the Office Lease entered into by and between Obligor, as Tenant and
Obligee, as Landlord, dated            , for the Premises commonly know as             (“Indebtedness”). The word
“Indebtedness” is used herein in its most comprehensive sense and includes any and all rent payments, additional rent payments, advances, debts, obligations, and liabilities of Obligor under the terms of the Lease and whether recovery may
be or become barred by any statute of limitations or otherwise become unenforceable. The Guarantor unconditionally promises to pay the Indebtedness to Obligee, or order, on demand, in lawful money of the United States. 

2. Death, Insolvency or Bankruptcy of Obligor. Guarantor unconditionally guarantees the payment of the Indebtedness, whether or not due or
payable by Obligor, upon (a) the breach of any provision of the underlying Lease, the death, dissolution insolvency, or business failure of, or any assignment for the benefit of creditors by, or commencement of any bankruptcy, reorganization,
arrangement, moratorium, or other debtor relief proceedings by or against Obligor or Guarantor, or (b) the appointment of a receiver for, or the attachment, restraint of, or making or levying of any court order or legal process affecting the
property of Obligor or Guarantor, and unconditionally promises to pay the Indebtedness to Obligee, or order, on demand, in lawful money of the United States. 

3. Joinder of Parties. The obligations of Guarantor are independent of the obligations of Obligor and a separate action or actions may be brought
and prosecuted against Guarantor, whether action is brought against Obligor or whether Obligor be joined in any such action or actions. Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its
liability under this Guaranty or the enforcement of this Guaranty. Any payment by Obligor or other circumstance that operates to toll any statute of limitations as to Obligor shall also operate to toll the statute of limitations as to Guarantor.

 4. Change of Obligation. Guarantor authorizes Obligee (whether or not after revocation nor termination of this Guaranty) without notice or
demand (except any notice or demand that is required by statute and cannot be waived) and without affecting or impairing their liability, from time to time to (a) renew, compromise, extend, accelerate, or otherwise change the time for
performance of, or otherwise change the terms of the obligation (including increase or decrease the rate of interest): take and hold security for the performance of this Guarantor or the obligation guaranteed, and exchange, enforce, waive and
release any security; (c) apply security and direct the order or manner of sale of security as Obligee in its discretion may determine; and (d) release or substitute any one or more of the Guarantors. Obligee may without notice assign this
Guaranty in whole or in part. 
 5. Capacity and Authority of Obligor. It is not necessary for Obligee to inquire into the capacity or powers
of Obligor, or the officers, directors, partners or agents acting or purporting to act on their behalf, and any Indebtedness made or created in reliance on the professed exercise of these powers shall be guaranteed under this Guaranty. 

6. Subordination. Any Indebtedness of Obligor now or later held by Guarantor is subordinated to the Indebtedness of Obligor to Obligee, and all
Indebtedness of Obligor to Guarantor, if Obligee so 

  
 Bay Tech Gross Office Lease 

1 

 
requests, shall be collected, enforced and received by Guarantor as trustee for Obligee and be paid over to Obligee on account of the Indebtedness of Obligor to Obligee, without affecting or
impairing in any manner the liability of Guarantor under the other provisions of this Guaranty. 
  

	7.	Waiver of Defenses. 

 a. Guarantor waives any right to require Obligee to
(i) proceed against Obligor; (ii) proceed against or exhaust any security held from Obligor; or (iii) pursue any other remedy in Obligee’s power whatsoever; 

b. Guarantor waives any defense based on or arising out of any defense of Obligor other than payment in full of the Indebtedness, including,
without limitation, any defense based on or arising out of the disability of Obligor, the unenforceability of the Indebtedness from any cause, or the cessation from any cause of the liability of Obligor other than payment in full of the
Indebtedness. 
 c. Obligee may, at its election, foreclose on any security held by Obligee by one or more judicial sales, whether or not
every aspect of any sale is commercially reasonable, or exercise any other right or remedy Obligee may have against Obligor, or any security, without affecting or impairing in any way the liability of Guarantor under this Guaranty, except to the
extent the Indebtedness has been paid. 
 d. Guarantor waives all rights and defenses arising out of an election of remedies by Obligee, even
though that election of remedies, such as nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed Guarantor’s rights of subrogation and reimbursement against the principal operation of Code of Civil Procedure
Section 580d or otherwise. 
 e. Until all Indebtedness of Obligor to Obligee is paid in full, Guarantor shall have no right of
subrogation, shall waive any right to enforce any remedy that Obligee now has or may later have against Obligor, and shall waive any benefit of, and any right to, participation in any security now or later held by Obligor. Guarantor waives all
presentments, demands for performance, notices of protest, notices of dishonor, notices of acceptance of this Guaranty and all notices of the existence, creation, or incurring of new or additional Indebtedness. 

f. Guarantor assumes all responsibility for keeping itself informed of Obligor’s financial condition and assets, and of all other
circumstances bearing on the risk of nonpayment of Indebtedness and the nature, scope and extent of the risks that Guarantor assumes and incurs under this Guaranty, and agrees that Obligee shall have no duty to advise Guarantor of information known
to it regarding those circumstances or risks. 
 8. Attorney’s Fees and Costs. In addition to the amounts guaranteed under this Guaranty,
Guarantor jointly and severally agrees to pay reasonable attorneys’ fees and all other costs and expenses incurred by Obligee in enforcing this Guaranty in any action or proceeding arising out of, or relating to, this Guaranty. 

9. Liens and Setoffs. In addition to all liens on, and rights of setoff against the money, securities or other property of Guarantor given to
Obligee by law, Obligee shall have a lien on and a right of setoff against all money, securities, and other property of Guarantor now or later in the possession of Obligee, whether held in a general or special account, or for safekeeping or
otherwise; and every lien and right of setoff may be exercised without demand on or notice to Guarantor. 

  
 Bay Tech Gross Office Lease 

2 

 10. Nonwaiver of Rights of Obligee. No right or power of Obligee under this Guaranty shall be
deemed to have been waived by any act or conduct on the part of Obligee, or by any neglect to exercise that right or power, or by any delay in so doing, and every right or power shall continue in full force and effect until specifically waived or
released by an instrument in writing executed by Obligee. 
 11. Meaning of Terms. In all cases where there is but a single Obligor or a single
Guarantor, all words used in the plural shall be deemed to have been used in the singular where the context and construction so require; and when there is more than one obligor or when this Guaranty is executed by more than one Guarantor, the word
“Obligor” and the word “Guarantor” respectively shall mean all and any one or more of them. 
 12. Effect on Heirs and
Assigns. This Guaranty and the liability and obligations of Guarantor under this Guaranty are binding on Guarantor and its respective heirs, executors and assigns and inure to the benefit of and are enforceable by Obligor and its successors,
transferees, and assigns. 
 13. Governing Law and Modification. This Guaranty shall be deemed to be made under, and shall be governed by, the
laws of the State of California in all respects, including matters of construction, validity, and performance, and its terms and provisions may not be waived, altered, modified, or amended except in writing duly signed by an authorized officer of
Obligee and by Guarantor. 

  
 Bay Tech Gross Office Lease 

3 

 14. Invalidity. If any provision of this Guaranty contravenes or is held invalid under the laws of
any jurisdiction, this Guaranty shall be construed as though it did not contain that provision, and the rights and liabilities of the parties to this Guaranty shall be construed and enforced accordingly. 

IN WITNESS WHEREOF, the undersigned Guarantor has executed this Guaranty on
            , 20    . 
 “Guarantor” 

 

	
	  

	Signature
	
	  

	Print Name
	
	  

	Address
	
	  

	Social Security Number
	
	  

	Driver’s License Number

  
 Bay Tech Gross Office Lease 

4 

 EXHIBIT F 

150 North Bay Hill Drive, Brisbane, CA 

Rules and Regulations 
 Tenant shall abide by the
following Rules and Regulations established for the Complex and shall cooperate in the observance thereof. Tenant’s failure to abide by these Rules and Regulations shall constitute a breach by Tenant of the covenants under its Lease. These
Rules and Regulations are in addition to, and shall not be constructed in any way to modify, alter or amend, in whole or part, the terms, covenants, agreements and conditions of any lease for premises in the Complex. For purposes of these Rules and
Regulations and any other rules and regulations established by Landlord, the term “Tenant” shall include Tenant’s agents, employees, contractors, customers, visitors and invitees, and Tenant shall be responsible for the observance by
all such persons of all of the Rules and Regulations (as the same may be amended from time to time) and any additional rules and regulations promulgated by Landlord. Landlord reserves the right to make such other and reasonable rules and regulations
as in its judgment may from time to time be needed for the safety, care and cleanliness of the Complex, and for the preservation of good order therein. Notice of amendments and supplements and additional rules and regulations, if any, shall be given
to each tenant. Subject to the provisions of the Lease, Tenant agrees to comply with all amendments, supplements and additional rules and regulations. Landlord may waive any one or more of these Rules and Regulations for the benefit of any
particular tenant or tenants, but no such waiver by Landlord shall be constructed as a waiver of these Rules and Regulations in favor of any other tenant or tenants, nor prevent Landlord from thereafter enforcing any Rule or Regulation against any
or all of the tenants of the Complex. If Landlord’s consent or approval is required under these Rules and Regulations, such consent or approval may be withheld in Landlord’s sole and absolute discretion, for any reason or for no reason at
all. 
  

	1.	Tenant shall not black-out or otherwise obstruct the windows of the Premises, without Landlord’s prior written consent. No files, cabinets, boxes, containers or similar items shall be placed in, against or adjacent
to any window of the Premises so as to be visible from the outside of the Premises. Except with respect to any window coverings approved by Landlord, Tenant shall not place anything or allow anything to be placed near the glass of any window, door,
partition or wall which may be observed from outside the Premises. 

  

	2.	No exterior storage is allowed. If Tenant or its customers or invitees regularly litter or soil the Common Area, Landlord may require Tenant to provide periodic clean up and steam cleaning in addition to that provided
by Landlord. 

  

	3.	Except as to typical pictures and furnishings, Tenant shall not mark, drive nails, screw or drill into the partitions, woodwork or plaster or in any way deface the Premises or any part thereof. No boring, cutting or
stringing of wires shall be permitted except with the prior written consent of Landlord and as Landlord may direct. The expense of repairing any damage resulting from a violation of this rule shall be borne by Tenant. 

 

	4.	 Tenant shall not lay linoleum, tile, carpet or other similar floor covering so that the same

  
 Bay Tech Gross Office Lease 

 

	 	
shall be affixed to the floor of the Premises in any manner except as approved by Landlord. Tenant must obtain the prior written consent of Landlord to drive nails, screw, drill, core or make any
other modification to the floor. 

  

	5.	Tenant shall not connect any device to any electrical current except through existing electrical outlets located within the Premises, unless otherwise approved in writing by Landlord. No boring or cutting for or laying
wires will be allowed without the prior written consent of Landlord. The location of telephones, call boxes and other office equipment affixed to the Premises shall be subject to the prior written approval of Landlord. 

 

	6.	No portion of the Premises shall be used for the storage of any merchandise, materials or other properties, other than those reasonably necessary for the operation of Tenant’s business. 

 

	7.	Landlord shall have the right to prescribe the maximum weight, maximum size and position of all equipment, materials, supplies, furniture or other property brought into the Complex. Landlord will not be responsible for
loss or damage to any such property from any cause, and all damage done to the Complex or Premises by moving or maintaining Tenant’s property shall be repaired at the expense of Tenant. 

 

	8.	Tenant shall not, at any time, bring or keep upon the Premises any flammable, combustible, or explosive fluid, chemical or substance or use any method of heating or air conditioning other than that supplied or permitted
by Landlord. Tenant shall not do or permit anything to be done in the Premises, or bring or keep anything therein, which shall in any way obstruct or interfere with the rights of other tenants, or in any way injure or annoy them, or conflict with
the regulations of the Fire Department or the Fire laws, or with any insurance policy upon the Complex or any part thereof, or with any rules and ordinances established by the Board of Health or other governmental authority. 

 

	9.	Tenant will not load or permit the loading of merchandise, supplies or other property, nor ship, nor receive, outside the entrance designated therefore by Landlord from time to time. Tenant will not permit the parking
or standing, outside of said area, of trucks, trailers or other vehicles or equipment engaged in such loading or unloading in a manner to interfere with the use of any Common Areas or any pedestrian or vehicular use. 

 

	10.	No Tenant shall use any utility area, truck loading area or other area reserved for use in conducing business, except for the specific purpose for which permission to use these areas has been given. 

 

	11.	Tenant shall not use the parking areas for anything but parking motor vehicles. All motor vehicles shall be parked in an orderly manner within the painted lines defining the individual parking places. Landlord can
impose any and all controls Landlord deems necessary to operate the parking lot including but not limited to the length of time for parking use and the designation of employee parking areas. 

  
 Bay Tech Gross Office Lease 

 

	12.	Tenant and its employees shall not throw cigar or cigarette butts or other substances of litter of any kind in or about the buildings of the Complex. 

 

	13.	Any Tenant desiring to do any of the following shall first contact the Landlord and make arrangements: 

  

	 	a.	Vending, peddling or soliciting orders for sale or disturbing of any merchandise, device, service, periodical, book, pamphlet, or other matter; 

 

	 	b.	Exhibiting any sign, placard, banner, notice or other written materials; 

  

	 	c.	Disturbing any circular, booklet, handbill, placard, or other material; 

  

	 	d.	Soliciting membership in any organization, group or association, or soliciting contributions for any purpose; 

  

	 	e.	Parading, patrolling, picketing, demonstrating, or engaging in conduct that might interfere with the use of the Common Area or be detrimental to any of the business establishments in the Complex; or 

 

	 	f.	Using the Common Area for any purpose when none of the business establishments in the Complex are open for business. 

  

	14.	Tenant shall not go upon the roof of any of the buildings in the Complex or on to other areas not open to the general public (unless specifically designated in the Lease for such Tenant’s use) without the prior
written consent of Landlord. 

  

	15.	It shall be Tenant’s responsibility before leaving the Premises to ensure that (a) all doors to the Premises are closed and securely locked, (b) all water faucets and other water apparatus are entirely
shut off, and (c) all electricity is shut off, so as to prevent waste or damage. Tenant assumes any and all responsibility for protecting the Premises from theft, robbery and pilferage, which includes keeping doors locked and other means of
entry to the Premises closed. Tenant shall be solely liable for any damage or injury that may be occasioned by the failure of Tenant and/or its employees to observe the precautions outlined herein. 

 

	16.	Landlord reserves the right to exclude or expel from the Premises or the Complex any person who, in the judgment of Landlord, is intoxicated or under the influence of liquor or drugs, or is violating the rules and
regulations of the Complex. Landlord shall further have the right to restrict access to the Premises and the Complex during any invasion, riot, public disturbance or excitement, and at any other time Landlord deems it advisable for the safety and
protection of the Complex, its occupants and/or the property thereof. 

  

	17.	Landlord does not hereby assume any responsibility to provide security. Tenant assumes all responsibility for the protection of the property and person of Tenant, its agents and invitees from the acts of third persons.

  
 Bay Tech Gross Office LeaseEX-10.22

 Exhibit 10.22 

[*Confidential Treatment has been requested as to certain portions of this document. Each such portion, which has been omitted herein and replaced with an
asterisk [*], has been filed separately with the Securities and Exchange Commission.] 
 SUPPLY AGREEMENT 

(RECOMBINANT HUMAN INSULIN) 

THIS SUPPLY AGREEMENT (this “Agreement”) is effective as of January 15, 2014 (the “Effective
Date”) and is between Dance Biopharm Inc., a company organized under the laws of Delaware, with principal offices at 2 Mint Plaza #804, San Francisco, California 94103 (“DANCE”) and Gulf Pharmaceutical
Industries organized under the laws UAE, with principle office located in Digdaga, Airport Road, Ras Al Khaimah, UAE , PO BOX 997 (“JULPHAR”). 

DANCE and JULPHAR are individually referred to herein as a “Party” and are collectively referred to herein as the “Parties”.

 BACKGROUND 

A. DANCE wishes to engage JULPHAR to perform services for DANCE, as more specifically set forth herein, in connection with the manufacturing
and supply of Active Ingredient (as defined below) for use in DANCE’s Product(s) (as defined below). 
 B. JULPHAR wishes to perform
such services, all on the terms and conditions set forth in this Agreement. 
 COVENANTS 

In consideration of the mutual covenants and promises set forth herein, and intending to be legally bound hereby, the Parties agree as
follows: 
 ARTICLE 1 

DEFINITIONS 
 The
following terms, whether used in the singular or plural, shall have the meanings assigned to them below for purposes of this Agreement 

“Active Ingredient” or “API” shall mean Recombinant Human Insulin as manufactured by JULPHAR (or its Affiliate(s) as
defined below) in accordance with the Active Ingredient Specifications, for use in the Product. 
 “Active Ingredient
Price(s)” shall have the meaning set forth in Section 8.1(a) hereof. 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 1

 “Active Ingredient Specifications” shall mean the specifications for the Active
Ingredient attached hereto as Exhibit 1 and made a part hereof, as determined in accordance with this Agreement, the analytical methodology set forth and in accordance with the terms and conditions of the Quality Agreement. 

“Affiliate” shall mean any corporation or non-corporate entity that controls, is controlled by, or is under common control
with a Party. A corporation or non-corporate entity shall be regarded as in control of another corporation if it owns or if it directly or indirectly controls at least fifty percent (50%) of the voting stock of the other corporation or
(a) in the absence of the ownership of at least fifty percent (50%) of the voting stock of a corporation or (b) in the case of a non-corporate entity, the power to direct or cause the direction of the management and policies of such
corporation or non-corporate entity, as applicable. 
 “Agreement” shall mean this Supply Agreement, as it may hereafter be
amended or supplemented from time to time. 
 “Applicable Laws” mean all applicable federal, state, provincial and local laws,
statutes, ordinances, rules, and regulations of any kind whatsoever, and any applicable orders, injunctions, or decrees of any court, administrative agency, or similar authority, whether federal, state, provincial or local, including the laws, rules
and regulations imposed by the United States Food and Drug Administration, EMA or other Governmental Authorities with jurisdiction over the services to be provided by JULPHAR hereunder. 

“cGMPs” shall mean applicable standards for current good manufacturing practices of active ingredients specified in
(i) the ICH Guidelines, (ii) the FDA’s “Guidance for Industry Q7A Good Manufacturing Practice Guidance for Active Pharmaceutical Ingredients”, and (iii) the EU GMP Guidelines, all as amended or updated from time to time. For
clarity, such definition of cGMPs shall not include other country-specific regulatory requirements. 
 “Certificate of
Analysis” shall mean a document, signed by an authorized representative of JULPHAR, certifying the Specifications for, and testing methods applied to, the Active Ingredient, and the results thereof, and which includes the Active Ingredient
date of manufacture, date for re-testing or expiration date as appropriate. 
 “Certificate of cGMP Compliance” shall mean
a document, signed by an authorized representative of JULPHAR, certifying that the Active Ingredient being delivered to DANCE has been manufactured in conformity with cGMPs. 

“Confidential Information” shall mean, as the case may be, any and all information relating to the Active Ingredient, of a
confidential nature not known to the public or to the recipient of the information before its disclosure belonging to either Party in written, electronic or any other form. This includes, but is not limited to, Know-How, operational methods,
formulae, samples, Specifications, analytical methods as well as any details of commercial, technical, pharmaceutical, scientific and industrial nature. The terms of this Agreement shall also be deemed Confidential Information. Confidential
Information shall not include information, materials, technical data or Know-How which: (i) is in a receiving Party’s possession at the time 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 2

 
of disclosure as evidenced by the receiving Party’s written records immediately prior to the time of disclosure; (ii) is in the public domain at the time of disclosure;
(iii) becomes part of the public domain by publication or otherwise after disclosure hereunder other than by breach of this Agreement by a receiving Party; (iv) is disclosed to a receiving Party by a third party having the right to
disclose such information without any violation of any rights of or obligations to the disclosing Party; or (v) is independently developed by an employee or agent of a receiving Party without knowledge of the disclosing Party’s
Confidential Information as evidenced by the receiving Party’s written records. 
 “Drug Master File” or
“DMF” means a submission to EMA or other regulatory authority by JULPHAR that may be used to provide confidential detailed information about facilities, processes or articles used in the manufacturing, processing, packaging and
storing of the Active Ingredient. 
 “EMA” shall mean the European Medicines Agency or any successor entity thereto. 

“FDA” shall mean the United States Food and Drug Administration or any successor entity thereto. 

“FD&C Act” shall mean the United States Federal Food, Drug and Cosmetic Act, as amended. 

“Force Majeure Event” shall have the meaning set forth in Section 17.1 hereof. 

“Governmental Authority” means any United States federal, state or local or any foreign government, or political subdivision
thereof, or any multinational organization or authority or any authority, agency or commission entitled to exercise any administrative, executive, judicial, legislative, police, regulatory or taxing authority or power, any court or tribunal (or any
department, bureau or division thereof), or any arbitrator or arbitral body. 
 “ICH Guidelines” shall mean the document
titled “Q7A—Good Manufacturing Practice Guide for Active Pharmaceutical Ingredients” endorsed by the International Conference on Harmonisation of Technical Requirements for Registrations of Pharmaceuticals. 

“Invention” shall mean information relating to any innovation, improvement, development, discovery, computer program, device,
trade secret, method, Know-How, process, technique or the like, whether or not written or otherwise fixed in any form or medium, regardless of the media on which contained and whether or not patentable or copyrightable. 

“Know-How” shall mean all confidential and identified technical and scientific information and data, irrespective of its
subject-matter and form, including, but not limited to, processes, formulae, designs and data as well as Inventions and improvements whether patentable or not. 

“Market Authorization Approval” shall mean applications to market a new drug. Such applications document safety and efficacy
of the investigational drug and contain all the information collected during the drug development process. At the conclusion of successful preclinical and clinical testing, this series of documents is submitted to the FDA in the U.S. or EMA in
Europe or to the applicable regulatory authorities in other countries. The application must present substantial evidence that the drug will have the effect it is represented to have when people use it or under the conditions for which it is
prescribed, recommended or suggested in the labeling. 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 3

 “PO” shall have the meaning set forth in Article 5 hereof. 

“Product” shall mean DANCE’s finished insulin product for clinical use and pending successful trial, for commercial use.

 “Supplied Product” shall have the meaning set forth in Exhibit 1 hereof. 

“Production Site” shall mean the JULPHAR site in which it manufactures the Active Ingredient in Ras Al Khaimah (RAK), United
Arab Emirates (UAE). 
 “Quality Agreement” shall mean the Quality Agreement described in Article 6 which the parties shall
in good faith negotiate and execute within ninety (90) days after the execution of this Agreement, and which shall be made part hereof. 

“Recall” shall have the meaning set forth in Section 11.2(a) hereof. 

“Recalled Product” shall mean any Product subject to a Recall. 

“Regulatory Change” shall have the meaning set forth in Section 18.2 hereof. 

“Specifications” shall mean the Active Ingredient Specifications and the Packaging Specifications. 

“Term” shall have the meaning set forth in Section 10.1 hereof. 

“Third Party” shall mean any person or entity other than DANCE, JULPHAR and their respective Affiliates. 

“Third Party Claims” shall have the meaning set forth in Section 12.1 hereof. 

ARTICLE 2 

MANUFACTURE, SALE AND PURCHASE OF ACTIVE INGREDIENT; 

2.1 Subject to the terms and conditions of this Agreement, JULPHAR shall manufacture and supply to DANCE and DANCE shall purchase from JULPHAR, such
quantities of Active Ingredient required for Phase 3 clinical development and for commercial sale of the Product. All API to be supplied under this Supply Agreement shall be manufactured by JULPHAR in conformance with Specifications, Applicable
Laws, and cGMP. 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 4

 ARTICLE 3 

COOPERATION WITH GOVERNMENTAL REQUIREMENTS 

3.1 Cooperation. The Parties shall cooperate with one another as may be reasonably necessary or appropriate to satisfy all governmental requirements,
regulatory filings, and obtain all needed permits, approvals and licenses with respect to the manufacture and supply of the Active Ingredient. 
 3.2
Regulatory Actions. JULPHAR agrees to provide to DANCE, as requested, with all information and data in JULPHAR’s possession or control for DANCE to obtain and maintain Market Authorization Approvals for the Product in any country, including
information relating to the Production Site, or the methodology, raw materials used in the manufacture, processing or packaging of API, or any other matters, if proven by DANCE, that are required or requested to be provided to the EMA, FDA or any
other Governmental Authority. In addition, JULPHAR agrees to cooperate with DANCE with respect to obligations to submit or report information relevant to API pursuant to EMA, FDA regulations , the FD & C Act and all other Applicable Laws.

 Such cooperation shall include communicating with FDA, EMA and other Governmental Authorities and making available as promptly as practicable all
information, documents and other materials which result from the performance by JULPHAR of its services hereunder which DANCE is required to submit or which DANCE may otherwise reasonably request in connection with any governmental filings relating
to the Active Ingredient. 
 Notwithstanding the foregoing, it shall be the responsibility of (i) DANCE to obtain and maintain all such permits,
approvals and licenses which are specific to the Active Ingredient or the Product, and (ii) JULPHAR to obtain and maintain all such permits, approvals and licenses which are generally required for the Production Site and to maintain the Drug
Master File in respect of the Active Ingredient. JULPHAR shall support DANCE’s clinical regulatory filling(s) and any Market Authorization Approvals by providing the following documentation: (i) Certificate of Analysis with each lot
conforming to EP and USP monographs; (ii) Letter of access to the DMF as necessary for any regulatory filings with FDA, EMA or any other Governmental Authorities (iii) other regulatory documents and information required for EU clinical
trial and Information on the API to comply with requirements of the European Clinical Trials Directive and the CHMP guideline on the requirements to the chemical and pharmaceutical quality documentation concerning investigational medicinal products
in clinical trials and (iv) any other regulatory documents and information required for the conduct of any clinical trials for the Product and the filing of any applications seeking Market Authorization Approval in any country of the world. .

 JULPHAR shall permit the EMA, FDA and other Governmental Authorities, as applicable, to conduct such inspections of the Production Site at which any of
the manufacturing or processing activities relating to the API are performed, as such Governmental Authorities may request, including pre-approval inspections, and shall cooperate with such Governmental Authorities with respect to such inspections
related to the manufacture and supply of API. JULPHAR shall (a) give DANCE prior written notice of any such inspections of the Production Site related to the 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 5

 API; and (b) keep DANCE informed about the results and conclusions of each such regulatory inspection.
JULPHAR shall correct any deficiencies of such audit observations identified by any Governmental Authority in a prompt and efficient manner so as to prevent any delay in DANCE obtaining Market Authorization Approval for the Product or in the
shipment of any Product ordered by DANCE. 
 3.2 Drug Master Files. JULPHAR shall provide the appropriate authorizations to each
applicable Governmental Authority allowing DANCE the right to reference all Drug Master Files to apply for, obtain and maintain any Market Authorization Approval or other regulatory approvals for the Product. 

JULPHAR shall correct any deficiencies of such Drug Master File identified by any Governmental Authority in a prompt and efficient manner so as to prevent any
delay in DANCE obtaining regulatory approval for a Product. In addition, JULPHAR shall be responsible for maintaining such Drug Master File in accordance with all Applicable Laws including those of the UAE and EU and ensuring that all data and
information incorporated therein is accurate and current as necessary to support obtaining and maintaining the applicable Market Authorization Approvals and regulatory filings by DANCE. 

ARTICLE 4 

SPECIFICATIONS & SPECIFICATION CHANGES 

4.1 Specifications: JULPHAR agrees that, prior to each shipment of API, it shall perform quality control procedures reasonably
necessary to ensure that the API to be shipped conforms fully to the Specifications. Each shipment of API shall be accompanied by a Certificate of Analysis (describing all current requirements of the Specifications and results of tests performed
certifying that the quantities of API supplied have been manufactured, controlled and released according to the Specifications and all Applicable Laws, including confirmation that the material has been manufactured, packaged and tested in accordance
with cGMP requirements, and ICH Q7A and such additional documents as may be specified in the Quality Agreement or as otherwise reasonably required and specified in POs by DANCE from time to time). 

4.2 Quality Agreement. Prior to DANCE issuing a purchase order to JULPHAR for clinical supply of API, the Parties shall enter into an
agreement specifying the Parties’ respective responsibilities for storage, release, stability, vigilance program, quality control and quality assurance with respect to the API (the Quality Agreement). 

4.3 Specification Changes: Upon any change in the Active Ingredient Specifications or Packaging Specifications requested by DANCE
(“DANCE Specification Changes”), including the addition of new packaging configurations, DANCE shall promptly advise JULPHAR in writing of any requested DANCE Specification Changes, and JULPHAR shall promptly advise DANCE as to the
feasibility of the DANCE Specification Changes, and if in JULPHAR’s reasonably exercised discretion, the DANCE Specification Changes are found to be commercially reasonable and feasible, JULPHAR will inform DANCE of any scheduling and/or price
adjustments which may result from the DANCE Specification Changes.

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 6

 4.4 Price Adjustment. Prior to implementation of DANCE Specification Changes, the Parties
shall negotiate in good faith in an attempt to reach agreement on (a) the new Active Ingredient Price for any Active Ingredient which embodies the DANCE Specification Changes, (b) any amounts to be reimbursed by DANCE to JULPHAR as
described in the next sentence of this paragraph, and (c) any other amendments to this Agreement which may be necessitated by the DANCE Specification Changes (i.e., an adjustment to the lead time for POs). DANCE shall reimburse JULPHAR for the
mutually agreed upon reasonable expenses incurred by JULPHAR as a result of the DANCE Specification Changes, including, but not limited to, reimbursing JULPHAR for its mutually agreed validation and development costs, capital expenditure costs and
costs for any reasonable inventory of packaging components or other materials maintained by JULPHAR for purposes of this Agreement and consistent with the PO, and rendered unusable as a result of the DANCE Specification Changes.

4.5 Changes in Manufacturing Processes. JULPHAR shall not make any material changes in the manufacturing processes of the API except as
required by Applicable Laws without DANCE’s prior consent. In the event a change in manufacturing process is required, JULPHAR shall provide DANCE with not less than six (6) months’ prior written notice of JULPHAR’s
implementation of any intended significant material change(s) to its manufacturing processes for the Active Ingredient, which might affect the quality of the Active Ingredient or any Market Authorization Approvals for the Product (“Change
Notice”) (e.g. any change in the Active Ingredient Specifications or Packaging Specifications made by JULPHAR other than pursuant to a DANCE request). If a significant change is implemented by JULPHAR and DANCE provides JULPHAR with
demonstrable evidence that the utility (i.e. the conditions of being useful as a pharmaceutical product in connection with the manufacture and performance of the Product) of the Active Ingredient is significantly altered in that there is no similar
bioequivalence (to Active Ingredient before the significant change) or similar Product specifications when formulated in the final Product formulation (together, “Utility Loss”), the parties shall exert their reasonable
commercial efforts to resolve issues related to the Utility Loss in order to continue operating under this Agreement. In the case of pending specification change, JULPHAR shall allow DANCE ninety (90) days to purchase Active Ingredient
supply needed prior of the implementation of specification changes. DANCE shall, over the course of the notice period, have the right to place POs and JULPHAR shall have the obligation to accept such POs and manufacture up to four (4) times the
quantity of API reflected in the Rolling Forecast (as defined below). 
 ARTICLE 5 

FORECASTING & ORDERS 

5.1 Forecasts. Upon the Effective Date of this Agreement, and thereafter at least sixty (60) days prior to the beginning of each
subsequent calendar quarter, DANCE shall provide JULPHAR with an initial forecast of the quantities of the API estimated to be required during the immediately following calendar quarter (“Q1”) and the next five (5) succeeding calendar

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 7

 quarters (“Q2”, “Q3”,“Q4, Q5 and Q6” respectively) (each, a Rolling Forecast).
Rolling Forecasts for Q1 and Q2 shall be binding. Rolling Forecasts for Q3 and Q4 are binding for at least 50% of the forecasted quantities. Q5 and Q6 are non-binding and serve only to facilitate JULPHAR’s production scheduling. JULPHAR will
supply the Active Ingredient in appropriate packaging and the minimum quantity of Active Ingredient packaged for shipment shall be 1 (one) kilogram. 

5.2 Purchase Orders. Together with each Rolling Forecast, DANCE shall place a firm order (“Firm PO”) with JULPHAR for
supplies of API for delivery in Q1 and Q2. JULPHAR shall accept and fulfill all orders for API provided by DANCE in accordance with the terms of the Agreement and which do not exceed 120% of the binding portion of the Rolling Forecast. To the extent
a Firm PO for any calendar quarter exceeds 120% of the Forecast for the relevant quarter, JULPHAR shall use commercially reasonable efforts to supply the quantity ordered. 

5.3 Target Minimum Annual Volumes. Provided that JULPHAR has obtained all regulatory approvals necessary to manufacture API, Dance shall
purchase a minimum quantity of API from JULPHAR during each calendar year of the Term, in accordance with the following Table 
 Year Volume

 2014:    [*] 

2015:    [*] 

2016:    [*] 

2017:    [*] 
 In the event that
DANCE does not purchase the above minimum quantities during any calendar year during the Term, JULPHAR, as its sole and exclusive remedy for such failure to purchase shall be entitled to terminate this Agreement on thirty (30) days written
notice to DANCE; without prejudice to any other outstanding claims that either Party may have against the other at the time of termination. Any confirmed and outstanding POs at the time of termination have to be fulfilled by both Parties. 

5.4 Confirmation by JULPHAR. No later than fifteen (15) days after receipt of DANCE’s Firm POs, JULPHAR shall confirm that it
can fulfill the quantities specified in such orders. 
 ARTICLE 6 

DELIVERIES 
 6.1
Purchase Quantities. JULPHAR shall ship the quantities specified in the PO by the delivery date designated in all POs confirmed by JULPHAR pursuant to Section 5.4 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 8

 
above. Variations in shipments as outlined herein shall be deemed to be in compliance with such PO; provided, however, that DANCE shall only be invoiced and required to pay for the
quantities of Active Ingredient which JULPHAR and/or its Affiliates actually ships to DANCE. All shipments of Active Ingredient shall be accompanied by a packing slip and a Certificate of Analysis which describes the Active Ingredient, states the PO
number, confirms that the Active Ingredient conforms in all ways with the Specifications and was manufactured in accordance with cGMP and all other requirements of the FD & C Act and all other Applicable Laws, rules and regulations. To the
extent of any conflict or inconsistency between this Agreement and any PO, or confirmation, the terms of this Agreement shall govern. DANCE shall notify JULPHAR of any short shipment claims within thirty (30) days of delivery of a shipment of
Active Ingredient. 
 6.2 Active Ingredient Release. No Active Ingredient shall be released to DANCE without a Certificate of
Analysis and Certificate of cGMP Compliance, both of which shall be supplied to DANCE by JULPHAR, (a) stating that the Active Ingredient being shipped have been tested and conforms to the Specifications and Quality Control Requirements,
(b) confirming compliance with cGMP, the FD&C Act and all other Applicable Laws, rules and regulations. 
 6.3 Quality Control
Requirements. Quality Control Requirements shall mean that JULPHAR shall subject all Active Ingredient to quality control inspections using quality control procedures, specifications, and systems to assure strict compliance with the
Specifications and absence of defects. 
 6.4 Quality Agreement. Within ninety (90) days of signing this Agreement, the Parties
shall enter into an agreement specifying the Parties’ respective responsibilities for storage, release, stability, vigilance program, quality control and quality assurance with respect to the Active Ingredient (the Quality Agreement). 

6.5 Delivery Terms. Shipment of the Active Ingredient will be to a location designated by DANCE. DANCE will select and pay the carrier
to be used. The Active Ingredient will be shipped with the requisite packing slip, Certificates of Analysis and Certificate of cGMP Compliance. The Active Ingredient will be shipped FCA JULPHAR RAK (Incoterms 2010). All shipments of the Active
Ingredient to DANCE shall be made via such carrier(s) as DANCE may direct. Title and risk of loss shall pass to DANCE upon delivery to the carrier. Freight charges shall be billed ship collect. 

6.6 Acceptance/Rejection: After receipt, DANCE shall have a reasonable period not to exceed sixty 60) days for accepting and/or
rejecting the API that is conforming or non-conforming to the Specifications. At DANCE’s option, JULPHAR shall promptly replace the non-conforming batch and handle shipment thereof at no cost to DANCE. If the Parties cannot agree as to whether
or not API is non-conforming, the dispute shall be resolved through the use of a US or EU Certified independent third party testing lab for final binding determination. DANCE shall bear the cost of the test in the event of unfounded rejection and
JULPHAR shall bear the cost in the event the rejection is founded. 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 9

 6.7 Shipping; Dating and Customs Costs. JULPHAR shall make commercially reasonable efforts
to cause Active Ingredient delivered hereunder to have twenty-four (24) months until expiration, but in any event, JULPHAR shall deliver Active Ingredient hereunder with at least eighteen (18) months until expiration. For clarity,
costs for the shipment of Active Ingredient from the Production Site and all customs tariffs and duties shall be paid by DANCE. 
 6.8
Inconsistencies. In the event of any inconsistencies between the terms of this Agreement and the PO issued by DANCE hereunder or any acceptance thereof by JULPHAR, the terms of this Agreement shall govern. 

6.8 Recordkeeping. JULPHAR shall keep and maintain all production, batch, control laboratory and other records relating to the Active
Ingredient in accordance with all applicable FDA and other Applicable Laws, rules and regulations including but not limited to cGMP. Such records shall be made available to DANCE or its representatives upon request. 

6.9 Inspections by DANCE. With reasonable written notice and upon a mutually agreed upon date, DANCE or its designated agents shall
have the right to inspect those portions of the manufacturing, storage and warehouse facilities of a Production Site where Active Ingredient is being manufactured or stored, during regular business hours, to verify compliance with the terms and
provisions of this Agreement or for insurance inspection purposes. Unless for reasonable cause, DANCE agrees to not inspect a Production Site more often than one (1) time in a calendar year period or any other frequency mutually agreed upon.
JULPHAR shall correct any deficiencies of audit observations in a prompt and efficient manner. 
 6.10 Governmental
Inspections. If JULPHAR is notified that the Active Ingredient or the Production Site will be subject to an inspection related to the Active Ingredient, by any Governmental Authority, JULPHAR shall promptly inform DANCE of such inspection
and shall cooperate with and allow such inspection to the extent required by Applicable Laws. Subject to being excluded due to restrictions under confidentiality obligations of JULPHAR to Third Parties, and to JULPHAR’s determination that
particular information and/or documentation is confidential in nature, JULPHAR shall provide information related to inspection outcomes to DANCE resulting from such inspection to the extent relevant to the Active Ingredient. JULPHAR will
promptly inform DANCE whether any Form FDA 483 (or its equivalent) or warning letters or citations (collectively a “483 Notice”) are issued to JULPHAR (by the FDA or any other Governmental Authority) which are related to or impact the
supply of the Active Ingredient to DANCE, and if the 483 Notice relates directly to the Active Ingredient, then JULPHAR shall use commercially reasonable effort to resolve it as quickly as practical. 

ARTICLE 7 
 PRICE;
PRICE ADJUSTMENTS; PAYMENT TERMS 
 7.1 Price & Price Adjustment. API pricing and adjustments are set forth in
Exhibit 2, attached hereto. Unless otherwise specified in an invoice issued by JULPHAR, prices provided by JULPHAR are exclusive of any Value Added Tax (“VAT”) or other cost or taxes which may be applicable. The parties understand
and agree that DANCE shall be responsible for 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 10

 
any such VAT or other costs or taxes which may be applicable in accordance with local law and / or regulation. Payment for undisputed invoices will be made without deduction, deferment, set-off,
lien or counterclaim of any nature. In the event of payment default, JULPHAR will be entitled to interest at the rate of 8% interest per annum calculated on a daily basis and at is discretion suspend provision of the Active Ingredient. 

7.2 Payment Terms. JULPHAR shall invoice DANCE for all quantities of the Active Ingredient purchased hereunder concurrently with
JULPHAR’s shipment thereof to DANCE. Subject to Section 6.2 and Section 11.1, all amounts properly invoiced by JULPHAR hereunder shall be due and payable net thirty (30) days after invoicing date. Payment will be made by wire
transfer of funds to such account as JULPHAR may designate. Orders, invoices and payments under this Agreement shall be made in US dollars. Invoices shall reflect the actual quantities shipped and DANCE shall be responsible for payment for such
actual quantities shipped in accordance with this Agreement. 
 ARTICLE 8 

JULPHAR’S REPRESENTATIONS, WARRANTIES AND COVENANTS 

JULPHAR represents, warrants and covenants to DANCE as follows: 

8.1 Active Ingredient. The Active Ingredient, at the time of sale and shipment to DANCE by JULPHAR, (a) will conform to the
Specifications, as then in effect, (b) will have dating until re-evaluation of not less than that which is set forth in Section 6.7 above, (c) will have been manufactured in all material respects in accordance with cGMP in effect at
the time of manufacture, (d) will not be adulterated or misbranded within the meaning of the FD&C Act, (e) will not have been manufactured, sold or shipped in violation of any Applicable Laws in any material respect, (f) will be
conveyed with good title, free and clear of all security interests, liens or encumbrances, and (g) as may be appropriate or applicable, will have been approved by any and all requisite governmental and regulatory authorities. 

8.2 Manufacturing Standards. JULPHAR shall manufacture and package the Active Ingredient in accordance with (i) the
Specifications, (ii) then-current cGMPs, and (iii) ICH Guidelines, and all other Applicable Laws, rules and regulations. 
 8.3
Compliance with Applicable Laws. JULPHAR shall fully comply with all Applicable Laws, rule and regulations in performing the services contemplated hereunder. 

8.4 Qualified Personnel. JULPHAR shall engage and employ only professionally qualified personnel to perform the services contemplated
hereunder. 
 8.5 JULPHAR represents and warrants to DANCE that the Production Site is wholly-owned by JULPHAR. 

  

					
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 ARTICLE 9 

GENERAL REPRESENTATIONS AND WARRANTIES 

Each Party represents and warrants to the other as follows: 

9.1 Power and Authorization. It has all requisite power and authority (corporate and otherwise) to enter into this Agreement and has
duly authorized by all necessary action the execution and delivery hereof by the officer or individual whose name is signed on its behalf below. 

9.2 No Conflict. Its execution and delivery of this Agreement and the performance of its obligations hereunder do not and will not
conflict with or result in a breach of or a default under its organizational instruments or any other agreement, instrument, order, law or regulation applicable to it or by which it may be bound. 

9.3 Enforceability. This Agreement has been duly and validly executed and delivered by it and constitutes its valid and legally binding
obligation, enforceable in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights and except as enforcement is
subject to general equitable principles. 
 ARTICLE 10 

TERM; TERMINATION 

10.1 Term. The Agreement shall commence on the Effective Date and remain in effect for an initial term of five (5) years from the
date that a Governmental Authority approves the first Market Approval Application in any country (“Term”), with automatic two (2) year renewal unless terminated in writing by either party eighteen (18) months before expiry of the
Term. 
 10.2 Termination Upon Breach. Either Party may terminate this Agreement upon not less than sixty (60) days prior
written notice to the other Party upon the material breach or default by the other Party of any of its representations, warranties, covenants or agreements (provided, however, that such notice period shall be extended by such
additional period as the breaching Party may request upon the breaching Party’s written certification that (i) such breach is reasonably capable of being cured within the period of the proposed extension, but not within such sixty
(60) day period and (ii) it has commenced and is diligently pursuing efforts to cure such breach). Upon the expiration of such notice period, this Agreement shall terminate without the need for further action by either Party;
provided, however, that if the breach upon which such notice of termination is based shall have been fully cured to the reasonable satisfaction of the non-breaching Party within such notice period, then such notice of termination shall
be deemed rescinded, and this Agreement shall be deemed reinstated and in full force and effect. Such right of termination shall be in addition to such other rights and remedies specified in this Agreement and as provided by law. For greater
certainty, any breach or default (material or otherwise) by a Party under any other agreement between the Parties (other than the Quality Agreement) shall not entitle the other Party to terminate this Agreement. 

  

					
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 10.3 Termination Upon Bankruptcy. Either Party may terminate this Agreement upon
bankruptcy of the other Party. 
 10.4 Termination Upon Discontinuation of Product Development. Either Party may terminate this
Agreement if DANCE discontinues development of the Product based on regulatory, financial, technical, or commercial reasons. 
 10.5
Rights and Duties Upon Termination. 
 (a) Unless otherwise mutually agreed by the Parties, JULPHAR shall manufacture and ship, and
DANCE shall purchase in accordance with the provisions hereof, all quantities of Active Ingredient ordered by DANCE hereunder prior to the date of expiration or termination. 

ARTICLE 11 
 CLAIMS;
RECALLS 
 11.1 Claims. DANCE may reject any quantity of the Active Ingredient which fails to conform to any applicable PO,
warranty, Specifications or Applicable Laws upon written notice to JULPHAR describing such nonconformity given within sixty (60) days after DANCE’s receipt thereof (or, in the case of any defects not reasonably susceptible of discovery
upon receipt of such goods, within thirty (30) days after discovery thereof by DANCE). Latent defects must be communicated to JULPHAR upon discovery but in no case later than twelve (12) months after delivery. JULPHAR shall have no
liability to DANCE with respect to any such nonconformity which the Parties agree (or, absent such agreement, which a mutually acceptable independent laboratory or consultant determines) (i) was caused by information supplied by DANCE or due to
a fault in materials supplied by DANCE, (ii) was otherwise caused by DANCE or its agents, or (iii) was caused after delivery thereof to the carrier at the point of origin. In all other cases, JULPHAR shall promptly credit DANCE’s
account for JULPHAR’s invoice price to DANCE of such nonconforming Active Ingredient. Additionally, JULPHAR shall promptly, at DANCE’s sole election, either (a) refund the invoice price thereof actually paid to JULPHAR by DANCE
(b) offset the amount thereof against other amounts then due JULPHAR hereunder or (c) replace such nonconforming Active Ingredient with conforming Active Ingredient at no additional cost to DANCE (including replacement shipping costs)
within sixty (60) days. THE FOREGOING REMEDY CONSTITUTES THE EXCLUSIVE REMEDY AGAINST JULPHAR AND THE ENTIRE LIABILITY OF JULPHAR IN CONNECTION WITH THE REJECTED SHIPMENT. If the parties do not agree on whether the product meets specifications,
they shall agree on an independent expert to determine if the product is in compliance with the specification. The fees and expenses of any independent laboratory or consultant engaged by the Parties for purposes of this section shall be paid by the
Party which is determined to bear responsibility for the nonconformity in question 

  

					
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 11.2 Recalls. 

(a) Notices. Each Party shall notify the other of any information, whether received directly or indirectly, which might affect the
marketability, safety or effectiveness of Product which was manufactured using Active Ingredient supplied by JULPHAR hereunder and/or which might result in the Recall or seizure of the Product which was manufactured using Active Ingredient supplied
by JULPHAR hereunder. For purposes of this Agreement, a “Recall” shall mean any action: (i) by either Party to recover title to or possession of quantities of the Product which was manufactured using Active Ingredient supplied
by JULPHAR hereunder sold or shipped to Third Parties (including, without limitation, the voluntary withdrawal of such Product which was manufactured using Active Ingredient supplied by JULPHAR hereunder from the market) or (ii) by any
Governmental Authority to detain or destroy any of such Product which was manufactured using Active Ingredient supplied by JULPHAR hereunder. “Recall” shall also include the election by either Party to refrain from selling or
shipping quantities of such Product which was manufactured using Active Ingredient supplied by JULPHAR hereunder to Third Parties that would have been subject to a Recall if sold or shipped. 

(b) Discretion. DANCE shall institute a Recall of the Product as a consequence of any defect that DANCE deems sufficiently serious.
DANCE shall consult with JULPHAR regarding any Recall of Product which was manufactured using Active Ingredient supplied by JULPHAR hereunder; provided, however, that DANCE shall retain sole discretion whether to institute a Recall.
JULPHAR shall provide a rapid initial response and a full report with respect thereto within thirty (30) calendar days of such notification. In case of recall for API related to DANCE‘s product, regulatory agencies may be involved. DANCE
will manage the process of notification and JULPHAR will respond in a prompt and efficient manner. 
 (c) Responsibilities. JULPHAR
shall have no liability to DANCE with respect to any Recall which the Parties agree (or, absent such agreement, which a mutually acceptable independent laboratory or consultant determines) (i) was caused by information or materials supplied by
DANCE, (ii) was otherwise caused by DANCE or its agents, (iii) was caused by factors occurring after delivery of the Active Ingredient to the carrier at the point of origin, or (iv) did not result from a breach of JULPHAR’s
warranties provided under Article 10 hereof. In addition, DANCE shall reimburse JULPHAR for all reasonable documented out-of-pocket Third Party costs and expenses incurred and not recovered by JULPHAR directly resulting from such Recall (subject to
the limitations set forth in Section 14.2 hereof). 
 (d) JULPHAR Liability. For all Recalls which result from a breach of
JULPHAR’s warranties provided under Article 8 hereof, unless JULPHAR does not have liability pursuant to Section 12.2(c), JULPHAR shall promptly credit DANCE’s account for JULPHAR’s invoice price to DANCE of the Active Ingredient
used in such Recalled Product; if DANCE shall have previously paid for such Active Ingredient, JULPHAR shall promptly, at DANCE’ election, either (A) refund the invoice price thereof, or (B) offset the amount thereof against other
amounts then due JULPHAR hereunder, or (C) replace such Active Ingredient at no additional cost to DANCE (including shipping costs); and (D) reimburse DANCE for all reasonable documented out-of-pocket Third Party costs and expenses
incurred and not recovered by DANCE directly resulting from such Recall (subject to the limitations set forth in Section 14.2 hereof). 

  

					
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 (e) Independent Laboratory Costs. The fees and expenses of any independent laboratory or
consultant engaged by the Parties for purposes of this Section 11.2 shall be paid by the Party which is determined to bear responsibility for the Recall in question. 

11.3 Disposition of Nonconforming or Recalled Product. DANCE shall not dispose of any damaged, nonconforming or Recalled Product as to
which it intends to assert a claim against JULPHAR without JULPHAR’s written authorization to do so. Alternatively, JULPHAR may instruct DANCE to return such Product to JULPHAR. JULPHAR shall bear the cost of disposition (as well as all
applicable shipping costs) with respect to any damaged, nonconforming or Recalled Product as to which it bears responsibility under Section 12.1 or 12.2 hereof. 

ARTICLE 12 

INDEMNIFICATION 

12.1 By DANCE. DANCE shall defend, indemnify and hold harmless JULPHAR, its Affiliates and their respective officers, directors,
shareholders, employees, licensees, agents, successors and assigns from and against any and all claims, demands, damages, judgments, settlements and awards made by or asserted by Third Parties (collectively, “Third Party Claims”)
(including, without limitation, those associated with a Recall) which any of them may incur or become subject to arising out of or resulting from (a) DANCE’s use, handling, distribution, marketing or sale of the Active Ingredient or the
Product (subject to Section 13.2 hereof), (b) the breach by DANCE of any of its representations, warranties, covenants, obligations, agreements or duties under this Agreement or (c) any claim that the manufacture, use or sale of the
Product infringes a patent or any other proprietary rights; provided, however, that such obligation to indemnify shall not extend to any Third Party Claim to the extent they arise out of or resulting from any negligence, recklessness
or wrongful conduct by JULPHAR or the breach by JULPHAR of any of its representations, warranties, covenants, obligations, agreements or duties under this Agreement. 

12.2 By JULPHAR. JULPHAR shall defend, indemnify and hold harmless DANCE, its Affiliates and their respective officers, directors,
shareholders, employees, licensees, agents, successors and assigns from and against any and all Third Party Claims which any of them may incur or become subject to arising out of or resulting from (a) JULPHAR’s negligent acts or omissions
or willful misconduct in connection with the performance of the services contemplated by this Agreement, (b) the breach by JULPHAR of any of its representations, warranties, covenants, obligations, agreements or duties under this Agreement, or
(c) any claim that JULPHAR’s manufacture, use or sale of the Active Ingredient alone infringes a patent or any other proprietary rights; provided, however, that such obligation to indemnify shall not extend to any Third Party
Claim to the extent they arise out of or resulting from any negligence, recklessness or wrongful conduct by DANCE or the breach by DANCE of any of its representations, warranties, covenants, obligations, agreements or duties under this Agreement.

 12.3 Procedure. Promptly after learning of the occurrence of any event which may give rise to its rights under the provisions of
this Article 12, each indemnitee hereunder shall give written 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 15

 notice of such matter to the indemnitor. The indemnitee shall cooperate with the indemnitor in the negotiation,
compromise and defense of any such matter. The indemnitor shall have the right to be in charge of and control such negotiations, compromise and defense and to select and manage counsel with respect thereto, provided that the indemnitor shall
promptly notify the indemnitee of all developments in the matter. In no event shall the indemnitee compromise or settle any such matter without the prior written consent of the indemnitor, who shall not be bound by any such compromise or settlement
absent its prior written consent, which consent shall not be unreasonably withheld or delayed 
 ARTICLE 13 

INSURANCE 
 Each
Party represents that it has and shall maintain during the Term hereof, as well as after the expiration or termination of this Agreement, sufficient insurance or an appropriate program of self insurance, and in particular products liability
insurance, with appropriate policy limits to cover all risks associated with the performance of its obligations under this Agreement. Each Party agrees to provide upon request copies of the relevant certificate(s) of insurance. 

ARTICLE 14 

LIMITATION OF LIABILITY 

14.1 DISCLAIMER OF WARRANTIES. THE WARRANTIES GIVEN BY JULPHAR HEREUNDER ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED,
INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND ALL OTHER WARRANTIES ARE HEREBY DISCLAIMED AND EXCLUDED BY JULPHAR. 

14.2 DAMAGES. EXCEPT IN THE CASE OF FRAUD OR WILFUL MISCONDUCT, A BREACH BY JULPHAR OF ITS OBLIGATIONS UNDER SECTION 15 BELOW OR FOR
THIRD PARTY CLAIMS SUBJECT TO THE INDEMNITY PROVISIONS ABOVE, NO PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS AND LOSS OF
GOODWILL) ARISING FROM ANY BREACH OR ALLEGED BREACH OF THIS AGREEMENT (EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES). 
 14.3
Remedies. JULPHAR’s sole obligations, and DANCE’s sole and exclusive remedies, for any breach by JULPHAR of this Agreement related to nonconforming Active Ingredient or Recalled Product shall be as set forth in Sections 11.1 and
11.2 hereof, respectively. 

  

					
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 ARTICLE 15 

CONFIDENTIALITY 

15.1 Treatment of Confidential Information. Except as otherwise provided in this Article 15, during the Term and for a period of
ten (10) years thereafter: 
  

	 	(i)	JULPHAR will retain in confidence and use only for the purposes contemplated hereby any Confidential Information disclosed to it by or on behalf of DANCE in connection with the performance of this Agreement; and

  

	 	(ii)	DANCE will retain in confidence and use only for the purposes contemplated hereby any Confidential Information disclosed to it by or on behalf of JULPHAR in connection with the performance of this Agreement.

 15.2 Right to Disclose. To the extent it is reasonably necessary or appropriate to fulfill its obligations or
exercise its rights under this Agreement or any rights which survive termination or expiration hereof, each Party may disclose Confidential Information to its Affiliates, sublicensees, consultants, attorneys, accountants, investment bankers, or
other Third Parties on condition that such entities or persons agree (a) to keep the Confidential Information confidential for the same time periods and to the same extent as each Party is required to keep the Confidential Information
confidential and (b) to use the Confidential Information only for such purposes as such Party is entitled to use the Confidential Information. Each Party or its Affiliates or sublicensees may disclose such Confidential Information to government
or other regulatory authorities to the extent that such disclosure (i) is reasonably necessary to obtain patents or authorizations to conduct clinical trials with and to market commercially the Product, provided such Party is otherwise entitled
to engage in such activities under this Agreement or (ii) is otherwise legally required. 
 15.3 Confidentiality Agreement. This
Agreement contains the entire understanding of the Parties with respect to the Confidential Information and supersedes the Confidentiality Agreement entered into on April 20, 2011. 

15.4 Material Transfer Agreement. The Material Transfer Agreement executed by the parties shall remain in effect. 

ARTICLE 16 
 OWNERSHIP
OF PROPERTY 
 16.1 Ownership of Rights. Each Party shall exclusively own and retain all right, title and interest in and to (i) all
intellectual property rights, information, documents and tangible and intangible materials owned by it as of the Effective Date, and (ii) all Inventions which are conceived, reduced to practice, or created by such Party and/or its Affiliates or
agents (including without limitation Inventions based upon any background or preexisting technology of such Party) and which do not include any intellectual property rights of the other Party from and after the Effective Date. For
clarification, JULPHAR shall own all right, title and interest in any 

  

					
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 proprietary and/or confidential intellectual property and/or confidential information that JULPHAR, its
Affiliates, contractors or agents develops, conceives, invents, reduces to practice or makes in the performance of the services and that is an improvement to JULPHAR information and/or JULPHAR intellectual property. Each Party shall be solely
responsible for the conduct and costs of filing, prosecution and maintenance of patents and patent applications on its own intellectual property rights, including without limitation its Inventions. 

16.2 Trademarks. DANCE shall retain all right, title and in the trademarks of DANCE that may be adopted with respect to the Product worldwide. 

ARTICLE 17 
 FORCE
MAJEURE 
 17.1 Effects of Force Majeure. Neither Party shall be held liable or responsible for failure or delay in
fulfilling or performing any of its obligations under this Agreement (other than the payment of money owed hereunder) to the extent that such failure or delay results from any cause beyond its reasonable control, including, without limitation, fire,
flood, natural disaster, explosion, war, strike, labor unrest, riot, embargo, acts or omissions of carriers, or act of God (each, a “Force Majeure Event”). Such excuse shall continue as long as the Force Majeure Event continues,
following which such Party shall promptly resume performance hereunder. 
 17.2 Effects of Regulatory Changes. Neither Party shall be
held responsible or liable for failure or delay in fulfilling or performing any of its obligations under this Agreement to the extent that such failure or delay results from good faith efforts to comply with the enactment or revision of any law,
rule, regulation or regulatory advisory opinion or order applicable to the manufacturing, marketing, sale, reimbursement and/or pricing of the Product (a “Regulatory Change”). Such excuse shall continue as long as performance is
prevented by the affected Party’s good faith efforts to comply with such Regulatory Change, following which such Party shall promptly resume performance hereunder. 

17.3 Notice. The Party affected by a Force Majeure Event or a Regulatory Change shall notify the other Party thereof as promptly as
practicable after its occurrence. Such notice shall describe the nature of such Force Majeure Event or Regulatory Change and the extent and expected duration of the affected Party’s inability to fully perform its obligations hereunder. The
affected Party shall use due diligence, where practicable, to minimize the effects of or end any such event so as to facilitate the resumption of full performance hereunder and shall notify the other Party when it is again fully able to perform such
obligations. 
 ARTICLE 18 

INDEPENDENT PARTIES 

The relationship between DANCE and JULPHAR is that of independent parties and nothing herein shall be deemed to constitute the relationship of
partners, joint venturers, nor of principal and agent between DANCE and JULPHAR. Neither Party shall have any express or implied right or authority to assume or create any obligations on behalf of or in the name of the other Party or to bind the
other Party to any contract, agreement or undertaking with any Third Party. 

  

					
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 ARTICLE 19 

MISCELLANEOUS 
 19.1
General Notices. Except as otherwise provided in Section 19.2 hereof, all notices, requests, instructions, consents and other communications to be given pursuant to this Agreement shall be in writing and shall be deemed received
(i) on the same day if delivered in person, by same-day courier or by facsimile transmission, (ii) on the next day if delivered by overnight mail or courier, or (iii) on the date indicated on the return receipt, or if there is no such
receipt, on the third calendar day (excluding Sundays) if delivered by certified or registered mail, postage prepaid, to the Party for whom intended to the following addresses: 

 

			
	 If to DANCE:
	  	Dance BIOPharm Inc.
		  	 2 Mint Plaza #804
 San Francisco, California
, USA 94103
 Attn: Chief Executive Officer

		
	 If to JULPHAR:
	  	 GULF PHARMACEUTICAL INDUSTRIES
 P.O.
Box 997
 Airport Road, Digdaga
 Ras Al Khaimah, United Arab
Emirates
 Attn:

  
 Each Party may by written notice given to the other in
accordance with this Agreement change the address to which notices to such Party are to be delivered. 
 19.2 Special Notices. Each
Party shall notify the other by telephone as soon as practicable (with written confirmation within three business days) upon its receipt of any technical complaint or notice of severe adverse reaction (hypoglycemia shall not be considered an SAE);
provided, however, that notification of serious, new or unexpected experiences reported with increased frequency shall be made immediately (but in any event not more than thirty-six (36) hours after the notifying Party learns of
such experiences). All such notices shall be directed to the Parties at the addresses set forth in Section 19.1 to the attention of the following personnel: 

If to DANCE: 
  

			
	Technical complaints:	  	Quality Assurance Specialist/ Staff
	Adverse reactions:	  	Director of Product Surveillance/ Compliance Officer

 If to JULPHAR: 
  

			
	Technical complaints:	  	Site Quality Manager
	Adverse reactions:	  	Site Quality Manager

  

					
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 19.3 Entire Agreement. This Agreement contains the entire understanding of the Parties
with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, between them with respect to the subject matter hereof. Each Party has executed this Agreement without reliance upon any
promise, representation or warranty other than those expressly set forth herein. 
 19.4 Amendment. No amendment of this Agreement
shall be effective unless embodied in a written instrument executed by both of the Parties. 
 19.5 Waiver of Breach. The failure of
either Party at any time to enforce any of the provisions of this Agreement shall not be deemed or construed to be a waiver of any such provision, nor in any way to affect the validity of this Agreement or any provisions hereof or the right of any
Party to thereafter enforce each and every provision of this Agreement. No waiver of any breach of any of the provisions of this Agreement shall be effective unless set forth in a written instrument executed by the Party against whom or which
enforcement of such waiver is sought; and no waiver of any such breach shall be construed or deemed to be a waiver of any other or subsequent breach. 

19.6 Neither Party shall subcontract any of its obligations under this Agreement; provided, however, that (i) either party
may subcontract to a Third Party any of its obligations under this Agreement with the prior written approval of the other Party, such approval not to be unreasonably withheld, and (ii) JULPHAR may subcontract any services to an Affiliate, or
otherwise if permitted in the Specifications or Packaging Specifications, including without limitation the supply of materials and components, or pursuant to Section 20.7 hereof. 

19.7 Assignment; Requirement to Assign to Successor to Business. Neither Party may assign its rights under this Agreement in whole or
in part without the prior written approval of the other Party (such approval not to be unreasonably withheld or delayed). Any such attempted assignment without such prior written consent shall be void and ineffective. Notwithstanding the foregoing:
either party may, without the other Party’s consent, assign its rights and delegate its duties under this Agreement in whole or in part to any entity with which it merges or consolidates, which acquires all or substantially all of its business
and assets, or which otherwise is or becomes an Affiliate of the assigning Party; 
 19.8 Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of England and Wales, without regard to any choice-of-law principle that would dictate the application of the laws of another jurisdiction. Failing amicable agreement, all disputes arising in
connection with this Agreement shall be settled by the Courts of London, England. 
 19.9 Severability. All of the provisions of this
Agreement are intended to be distinct and severable. If any provision of this Agreement is or is declared to be invalid or unenforceable 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 20

 
in any jurisdiction, it shall be ineffective in such jurisdiction only to the extent of such invalidity or unenforceability. Such invalidity or unenforceability shall not affect either the
balance of such provision, to the extent it is not invalid or unenforceable, or the remaining provisions hereof, nor render invalid or unenforceable such provision in any other jurisdiction. 

19.10 Publicity. Nothing in this Agreement shall be deemed to give either Party any rights to use the other Party’s trademarks or
trade names without the other Party’s prior specific, written consent. The parties agree that neither party will issue any press release or otherwise make any public statement, advertisement or disclosure with respect to this Agreement or the
transactions contemplated hereby without the prior written consent of the other Party. DANCE will be entitled to disclose this Agreement in the course of financing and partnering due diligence procedures conducted under confidential disclosure
agreements or as may be required by Applicable Laws. 
 19.11 Survival. The provisions of Article 3 (Cooperation with Governmental
Requirements), Section 10.5 (Rights and Duties Upon Termination), Article 11 (Claims; Recalls), Article 12 (Indemnification), Article 13 (Insurance), Article 14 (Limitation of Liability), Article 15 (Confidentiality), Article 16 (Ownership of
Property), , Section 19.8 (Governing Law), Section 19.10 (Publicity) and this Section 19.11 (Survival) shall survive the expiration or termination of this Agreement. 

19.12 Headings. The headings of articles and sections have been included for convenience only and shall not be considered in
interpreting this Agreement. 
 19.13 Counterparts; Facsimile Signatures. This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original, and all of which together shall constitute one and the same Agreement. This Agreement may be executed and delivered via facsimile or other electronic means with the same force and effect as if it were
executed and delivered by the Parties simultaneously in the presence of one another. 
 19.14 Execution. At the time of execution of
this Agreement, the Parties shall cause their authorized officers to execute two original copies of this Agreement, one copy of which shall be maintained by each Party at that Party’s offices. Each Party represents that the person who executes
this Agreement is authorized and empowered to obligate and bind his or her Party under this Agreement. 
 19.15 Further Actions. The
Parties agree to execute such additional documents and / or agreements as may be reasonably necessary to perfect the intentions of the provisions contained herein. 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 21

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their
respective duly authorized representatives as of the date first written above. 
  

			
	DANCE BIOPHARM INC.
		
	By:	 	/s/ Samantha Miller
	Name:	 	/s/ Samantha Miller
	Title:	 	Chief Business Officer

  
  

			
	GULF PHARMACEUTICAL INDUSTRIES
		
	By:	 	/s/ Dr. Ayman Sahli
	Name:	 	/s/ Dr. Ayman Sahli
	Title:	 	Chief Executive Officer

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	PAGE 22

 Exhibit 1 

ACTIVE INGREDIENT SPECIFICATIONS 
 JULPHAR
shall manufacture all Human Recombinant Insulin (Active Ingredient) 
 to meet the specifications provided and in compliance with monograph
EuPh and USP. 
  

			
	 Parameter
	  	
Specification

	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]
	[*]	  	[*]

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT	  	

 Exhibit 2 

PRICE; PRICE ADJUSTMENTS 
 The price of the API
shall be based upon the quantities of the API purchased as follows: 
  

			
	 Amount ordered
	  	Price per gram (USD)
	If the orders placed are less than [*]	  	[*]
	If the orders placed are equal to or exceed [*] and less than [*]	  	[*]
	If the orders placed are equal to or exceed [*] and less than [*]	  	[*]
	If the orders placed are equal to or exceed [*] 	  	[*]

 Beginning three years after the Effective Date, the per-gram price payable for API may be increased by the EU Pharmaceutical
Production Index (PPI). 

  

					
		  	MANUFACTURING AND SUPPLY AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]