Document:

EX-10.5

 Exhibit 10.5 

CLOUDFLARE, INC. 

AMENDED AND RESTATED 

2010 EQUITY INCENTIVE PLAN 

ADOPTED BY THE BOARD OF DIRECTORS:
MARCH 9, 2010 
 APPROVED BY THE STOCKHOLDERS:
NOVEMBER 19, 2010 
 APPROVED BY THE BOARD
OF DIRECTORS: NOVEMBER 19, 2010 
 APPROVED BY
THE BOARD OF DIRECTORS: NOVEMBER 4, 2014 

APPROVED BY THE STOCKHOLDERS: NOVEMBER 4, 2014 

APPROVED BY THE BOARD OF DIRECTORS:
JULY 26, 2017 
 APPROVED BY THE BOARD
OF DIRECTORS: AUGUST 8, 2017 
 APPROVED BY
THE BOARD OF DIRECTORS: AUGUST 31, 2018 

APPROVED BY THE STOCKHOLDERS: SEPTEMBER 4, 2018 

TERMINATION DATE: MARCH 9, 2020 

1. GENERAL. 

(a) Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are Employees, Directors and Consultants. 

(b) Available Stock Awards. The Plan provides for the grant of the following Stock Awards: (i) Incentive Stock Options,
(ii) Nonstatutory Stock Options, (iii) Restricted Stock Awards, (iv) Restricted Stock Unit Awards, and (v) Stock Appreciation Rights. 

(c) Purpose. The Company, by means of the Plan, seeks to secure and retain the services of the group of persons eligible to
receive Stock Awards as set forth in Section 1(a), to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate, and to provide a means by which such eligible recipients may be given an
opportunity to benefit from increases in value of the Common Stock through the granting of Stock Awards. 
 2.
ADMINISTRATION. 
 (a) Administration by Board. The Board shall administer the Plan unless
and until the Board delegates administration of the Plan to a Committee, as provided in Section 2(c). 
 (b) Powers of
Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan: 
 (i) To
determine from time to time (A) which of the persons eligible under the Plan shall be granted Stock Awards; (B) when and how each Stock Award shall be granted; (C) what type or combination of types of Stock Award shall be granted;
(D) the provisions of each Stock Award granted (which need not be identical), including the time or times when a person shall be permitted to receive cash or Common Stock pursuant to a Stock Award; (E) the number of shares of Common Stock
with respect to which a Stock Award shall be granted to each such person; and (F) the Fair Market Value applicable to a Stock Award. 

 (ii) To construe and interpret the Plan and Stock Awards granted under it, and to
establish, amend and revoke rules and regulations for administration of the Plan. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement, in a manner and to the extent
it shall deem necessary or expedient to make the Plan or Stock Award fully effective. 
 (iii) To settle all controversies regarding
the Plan and Stock Awards granted under it. 
 (iv) To accelerate the time at which a Stock Award may first be exercised or the time
during which a Stock Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Stock Award stating the time at which it may first be exercised or the time during which it will vest. 

(v) To suspend or terminate the Plan at any time. Suspension or termination of the Plan shall not impair rights and obligations under
any Stock Award granted while the Plan is in effect except with the written consent of the affected Participant. 
 (vi) To amend the
Plan in any respect the Board deems necessary or advisable, including, without limitation, relating to Incentive Stock Options and certain nonqualified deferred compensation under Section 409A of the Code and/or to bring the Plan or Stock
Awards granted under the Plan into compliance therewith, subject to the limitations, if any, of applicable law. However, except as provided in Section 9(a) relating to Capitalization Adjustments, to the extent required by applicable law,
stockholder approval shall be required for any amendment of the Plan that either (i) materially increases the number of shares of Common Stock available for issuance under the Plan, (ii) materially expands the class of individuals eligible
to receive Stock Awards under the Plan, (iii) materially increases the benefits accruing to Participants under the Plan or materially reduces the price at which shares of Common Stock may be issued or purchased under the Plan,
(iv) materially extends the term of the Plan, or (v) expands the types of Stock Awards available for issuance under the Plan. Except as provided above, rights under any Stock Award granted before amendment of the Plan shall not be impaired
by any amendment of the Plan unless (i) the Company requests the consent of the affected Participant, and (ii) such Participant consents in writing. 

(vii) To submit any amendment to the Plan for stockholder approval, including, but not limited to, amendments to the Plan intended to
satisfy the requirements of Section 422 of the Code regarding Incentive Stock Options. 
 (viii) To approve forms of Stock Award
Agreements for use under the Plan and to amend the terms of any one or more Stock Awards, including, but not limited to, amendments to provide terms more favorable than previously provided in the Stock Award Agreement, subject to any specified
limits in the Plan that are not subject to Board discretion; provided however, that, the 

  
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rights under any Stock Award shall not be impaired by any such amendment unless (i) the Company requests the consent of the affected Participant, and (ii) such Participant consents in
writing. Notwithstanding the foregoing, subject to the limitations of applicable law, if any, and without the affected Participant’s consent, the Board may amend the terms of any one or more Stock Awards if necessary to maintain the qualified
status of the Stock Award as an Incentive Stock Option or to bring the Stock Award into compliance with Section 409A of the Code and the related guidance thereunder. 

(ix) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best interests
of the Company and that are not in conflict with the provisions of the Plan or Stock Awards. 
 (x) To adopt such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees, Directors or Consultants who are foreign nationals or employed outside the United States. 

(xi) To effect, at any time and from time to time, with the consent of any adversely affected Optionholder, (1) the reduction of
the exercise price of any outstanding Option under the Plan, (2) the cancellation of any outstanding Option under the Plan and the grant in substitution therefor of (A) a new Option under the Plan or another equity plan of the Company
covering the same or a different number of shares of Common Stock, (B) a Restricted Stock Award, (C) a Stock Appreciation Right, (D) Restricted Stock Unit, (E) cash and/or (F) other valuable consideration (as determined by
the Board, in its sole discretion), or (3) any other action that is treated as a repricing under generally accepted accounting principles; provided, however, that no such reduction or cancellation may be effected if it is determined, in
the Company’s sole discretion, that such reduction or cancellation would result in any such outstanding Option becoming subject to the requirements of Section 409A of the Code. 

(c) Delegation to Committee. The Board may delegate some or all of the administration of the Plan to a Committee or Committees.
If administration of the Plan is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee, including the power to
delegate to a subcommittee of the Committee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such
resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time, revest in the Board some
or all of the powers previously delegated. 
 (d) Delegation to an Officer. The Board may delegate to one or more Officers of
the Company the authority to do one or both of the following: (i) designate Officers and Employees of the Company or any of its Subsidiaries to be recipients of Options (and, to the extent permitted by applicable law, other Stock Awards) and
the terms thereof, and (ii) determine the number of shares of Common Stock to be subject to such Stock Awards granted to such Officers and Employees; provided, however, that the Board resolutions regarding such delegation shall
specify the total number of shares of Common Stock that may be subject to the Stock Awards granted by such Officer and that such Officer may not grant a Stock Award to himself or herself. Notwithstanding the foregoing, the Board may not delegate
authority to an Officer to determine the Fair Market Value of the Common Stock pursuant to Section 13(t) below. 

  
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 (e) Effect of Board’s Decision. All determinations, interpretations and
constructions made by the Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 

(f) Arbitration. Any dispute or claim concerning any Stock Awards granted (or not granted) pursuant to the Plan or any disputes
or claims relating to or arising out of the Plan shall be fully, finally and exclusively resolved by binding and confidential arbitration conducted pursuant to the rules of Judicial Arbitration and Mediation Services, Inc.
(“JAMS”) in Santa Clara, California. The Company shall pay all arbitration fees. In addition to any other relief, the arbitrator may award to the prevailing party recovery of its attorneys’ fees and costs. By accepting a
Stock Award, Participants and the Company waive their respective rights to have any such disputes or claims tried by a judge or jury. 
 3.
SHARES SUBJECT TO THE PLAN. 
 Share Reserve. Subject
to Section 9(a) relating to Capitalization Adjustments, the aggregate number of shares of Common Stock of the Company that may be issued pursuant to Stock Awards after the Effective Date shall not exceed 75,008,088 shares. For clarity, the
limitation in this Section 3(a) is a limitation in the number of shares of Common Stock that may be issued pursuant to the Plan. Accordingly, this Section 3(a) does not limit the granting of Stock Awards except as provided in
Section 7(a). 
 (a) Reversion of Shares to the Share Reserve. If any shares of Common Stock issued pursuant to a Stock
Award are forfeited back to the Company because of the failure to meet a contingency or condition required to vest such shares in the Participant, then the shares which are forfeited shall revert to and again become available for issuance under the
Plan. Also, any shares reacquired by the Company pursuant to Section 8(g) or as consideration for the exercise of an Option shall again become available for issuance under the Plan. Furthermore, if a Stock Award (i) expires or otherwise
terminates without having been exercised in full or (ii) is settled in cash (i.e., the holder of the Stock Award receives cash rather than stock), such expiration, termination or settlement shall not reduce (or otherwise offset) the
number of shares of Common Stock that may be issued pursuant to the Plan. Notwithstanding the provisions of this Section 3(b), any such shares shall not be subsequently issued pursuant to the exercise of Incentive Stock Options. 

(b) Incentive Stock Option Limit. Notwithstanding anything to the contrary in this Section 3(c), subject to the provisions
of Section 9(a) relating to Capitalization Adjustments, the aggregate maximum number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options shall be 75,008,088 shares of Common Stock. 

(c) Source of Shares. The stock issuable under the Plan shall be shares of authorized but unissued or reacquired Common Stock,
including shares repurchased by the Company on the open market. 

  
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 4. ELIGIBILITY. 

(a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to employees of the Company or a
“parent corporation” or “subsidiary corporation” thereof (as such terms are defined in Sections 424(e) and (f) of the Code). Stock Awards other than Incentive Stock Options may be granted to Employees, Directors and
Consultants. 
 (b) Ten Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless
the exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant. 

(c) Consultants. A Consultant shall not be eligible for the grant of a Stock Award if, at the time of grant, either the offer or
the sale of the Company’s securities to such Consultant is not exempt under Rule 701 of the Securities Act (“Rule 701”) because of the nature of the services that the Consultant is
providing to the Company, because the Consultant is not a natural person, or because of any other provision of Rule 701, unless the Company determines that such grant need not comply with the requirements of Rule 701 and will satisfy
another exemption under the Securities Act as well as comply with the securities laws of all other relevant jurisdictions. 
 5.
OPTION PROVISIONS. 
 Each Option shall be in such form and shall contain such terms and
conditions as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be
issued for shares of Common Stock purchased on exercise of each type of Option. If an Option is not specifically designated as an Incentive Stock Option, then the Option shall be a Nonstatutory Stock Option. The provisions of separate Options need
not be identical; provided, however, that each Option Agreement shall include (through incorporation of provisions hereof by reference in the Option Agreement or otherwise) the substance of each of the following provisions: 

(a) Term. Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, no Option shall be exercisable after
the expiration of ten (10) years from the date of its grant or such shorter period specified in the Option Agreement. 
 (b)
Exercise Price. Subject to the provisions of Section 4(b) regarding Incentive Stock Options granted to Ten Percent Stockholders, the exercise price of each Option shall be not less than one hundred percent (100%) of the Fair Market Value
of the Common Stock subject to the Option on the date the Option is granted. Notwithstanding the foregoing, an Option may be granted with an exercise price lower than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to
the Option if such Option is granted pursuant to an assumption or substitution for another option in a manner consistent with the provisions of Section 424(a) of the Code (whether or not such options are Incentive Stock Options). 

  
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 (c) Consideration. The purchase price of Common Stock acquired pursuant to the
exercise of an Option shall be paid, to the extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below. The Board shall have the authority to grant Options
that do not permit all of the following methods of payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method of payment. The permitted methods of
payment are as follows: 
 (i) by cash, check, bank draft or money order payable to the Company; 

(ii) pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of
the stock subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds; 

(iii) by delivery to the Company (either by actual delivery or attestation) of shares of Common Stock; 

(iv) by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issued
upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other payment from the Participant to the extent of any
remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided, further, that shares of Common Stock will no longer be outstanding under an Option and will not be
exercisable thereafter to the extent that (A) shares are used to pay the exercise price pursuant to the “net exercise,” (B) shares are delivered to the Participant as a result of such exercise, and (C) shares are withheld to
satisfy tax withholding obligations; 
 (v) according to a deferred payment or similar arrangement with the Optionholder; provided,
however, that interest shall compound at least annually and shall be charged at the minimum rate of interest necessary to avoid (A) the imputation of interest income to the Company and compensation income to the Optionholder under any
applicable provisions of the Code, and (B) the classification of the Option as a liability for financial accounting purposes; or 

(vi) in any other form of legal consideration that may be acceptable to the Board. 

(d) Transferability of Options. The Board may, in its sole discretion, impose such limitations on the transferability of Options
as the Board shall determine. In the absence of such a determination by the Board to the contrary, the following restrictions on the transferability of Options shall apply: 

(i) Restrictions on Transfer. An Option shall not be transferable except by will or by the laws of descent and distribution and
shall be exercisable during the lifetime of the Optionholder only by the Optionholder; provided, however, that the Board may, in its sole discretion, permit transfer of the Option to such extent as permitted by Rule 701 of the Securities
Act at the time of the grant of the Option and in a manner consistent with applicable tax and securities laws upon the Optionholder’s request. 

  
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 (ii) Domestic Relations Orders. Notwithstanding the foregoing, an Option may
be transferred pursuant to a domestic relations order, provided, however, that an Incentive Stock Option may be deemed to be a Nonstatutory Stock Option as a result of such transfer. 

(iii) Beneficiary Designation. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company,
in a form provided by or otherwise satisfactory to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be the beneficiary of an Option with the right to exercise the Option and receive the Common
Stock or other consideration resulting from the Option exercise. 
 (e) Vesting of Options Generally. The total number of
shares of Common Stock subject to an Option may vest and therefore become exercisable in periodic installments that may or may not be equal. The Option may be subject to such other terms and conditions on the time or times when it may or may not be
exercised (which may be based on the satisfaction of performance goals or other criteria) as the Board may deem appropriate. The vesting provisions of individual Options may vary. The provisions of this Section 5(e) are subject to any Option
provisions governing the minimum number of shares of Common Stock as to which an Option may be exercised. 
 (f) Termination of
Continuous Service. Except as otherwise provided in the applicable Option Agreement or other agreement between the Optionholder and the Company, in the event that an Optionholder’s Continuous Service terminates (other than for Cause or upon
the Optionholder’s death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination of Continuous Service) but only within such period
of time ending on the earlier of (i) the date three (3) months following the termination of the Optionholder’s Continuous Service (or such longer or shorter period specified in the Option Agreement, which period shall not be less than
thirty (30) days unless such termination is for Cause), or (ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after termination of Continuous Service, the Optionholder does not exercise his or her
Option within the time specified herein or in the Option Agreement (as applicable), the Option shall terminate. 
 (g) Extension of
Termination Date. Except as otherwise provided in the applicable Option Agreement or other agreement between the Optionholder and the Company, if the exercise of the Option following the termination of the Optionholder’s Continuous Service
(other than for Cause or upon the Optionholder’s death or Disability) would be prohibited at any time solely because the issuance of shares of Common Stock would violate the registration requirements under the Securities Act, then the Option
shall terminate on the earlier of (i) the expiration of a period of three (3) months after the termination of the Optionholder’s Continuous Service during which the exercise of the Option would not be in violation of such registration
requirements, or (ii) the expiration of the term of the Option as set forth in the Option Agreement. 

  
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 (h) Disability of Optionholder. Except as otherwise provided in the applicable
Option Agreement or other agreement between the Optionholder and the Company, in the event that an Optionholder’s Continuous Service terminates as a result of the Optionholder’s Disability, the Optionholder may exercise his or her Option
(to the extent that the Optionholder was entitled to exercise such Option as of the date of termination of Continuous Service), but only within such period of time ending on the earlier of (i) the date twelve (12) months following such
termination of Continuous Service (or such longer or shorter period specified in the Option Agreement, which period shall not be less than six (6) months), or (ii) the expiration of the term of the Option as set forth in the Option
Agreement. If, after termination of Continuous Service, the Optionholder does not exercise his or her Option within the time specified herein or in the Option Agreement (as applicable), the Option shall terminate. 

(i) Death of Optionholder. Except as otherwise provided in the applicable Option Agreement or other agreement between the
Optionholder and the Company, in the event that (i) an Optionholder’s Continuous Service terminates as a result of the Optionholder’s death, or (ii) the Optionholder dies within the period (if any) specified in the Option
Agreement after the termination of the Optionholder’s Continuous Service for a reason other than death or for Cause, then the Option may be exercised (to the extent the Optionholder was entitled to exercise such Option as of the date of death)
by the Optionholder’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by a person designated as the beneficiary of the Option upon the Optionholder’s death, but only within the period ending
on the earlier of (i) the date eighteen (18) months following the date of death (or such longer or shorter period specified in the Option Agreement, which period shall not be less than six (6) months), or (ii) the expiration of
the term of such Option as set forth in the Option Agreement. If, after the Optionholder’s death, the Option is not exercised within the time specified herein or in the Option Agreement (as applicable), the Option shall terminate. If the
Optionholder designates a third party beneficiary of the Option in accordance with Section 5(d)(iii), then upon the death of the Optionholder such designated beneficiary shall have the sole right to exercise the Option and receive the Common
Stock or other consideration resulting from the Option exercise. 
 (j) Termination for Cause. Except as explicitly provided
otherwise in an Optionholder’s Option Agreement, in the event that an Optionholder’s Continuous Service is terminated for Cause, the Option shall terminate upon the termination date of such Optionholder’s Continuous Service, and the
Optionholder shall be prohibited from exercising his or her Option from and after the time of such termination of Continuous Service. 

(k) Non-Exempt Employees. No Option granted to an Employee that is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, shall be first exercisable for any shares of Common Stock until at least six months following the date of grant of the Option.
The foregoing provision is intended to operate so that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option will be exempt from his or her regular rate of pay.

  
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 (l) Early Exercise. The Option may, but need not, include a provision whereby
the Optionholder may elect at any time before the Optionholder’s Continuous Service terminates to exercise the Option as to any part or all of the shares of Common Stock subject to the Option prior to the full vesting of the Option. Subject to
the “Repurchase Limitation” in Section 8(l), any unvested shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company or to any other restriction the Board determines to be appropriate. Provided
that the “Repurchase Limitation” in Section 8(l) is not violated, the Company shall not be required to exercise its repurchase option until at least six (6) months (or such longer or shorter period of time required to avoid
classification of the Option as a liability for financial accounting purposes) have elapsed following exercise of the Option unless the Board otherwise specifically provides in the Option Agreement. 

(m) Right of Repurchase. Subject to the “Repurchase Limitation” in Section 8(l), the Option may include a
provision whereby the Company may elect to repurchase all or any part of the vested shares of Common Stock acquired by the Optionholder pursuant to the exercise of the Option. 

(n) Right of First Refusal. The Option may include a provision whereby the Company may elect to exercise a right of first refusal
following receipt of notice from the Optionholder of the intent to transfer all or any part of the shares of Common Stock received upon the exercise of the Option. Such right of first refusal shall be subject to the “Repurchase Limitation”
in Section 8(l). Except as expressly provided in this Section 5(n) or in the Option Agreement, such right of first refusal shall otherwise comply with any applicable provisions of the Bylaws of the Company. 

6. PROVISIONS OF STOCK AWARDS OTHER THAN
OPTIONS. 
 (a) Restricted Stock Awards. Each Restricted Stock Award Agreement shall be in
such form and shall contain such terms and conditions as the Board shall deem appropriate. To the extent consistent with the Company’s Bylaws, at the Board’s election, shares of Common Stock may be (x) held in book entry form subject
to the Company’s instructions until any restrictions relating to the Restricted Stock Award lapse; or (y) evidenced by a certificate, which certificate shall be held in such form and manner as determined by the Board. The terms and
conditions of Restricted Stock Award Agreements may change from time to time, and the terms and conditions of separate Restricted Stock Award Agreements need not be identical; provided, however, that each Restricted Stock Award Agreement
shall include (through incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 

(i) Consideration. A Restricted Stock Award may be awarded in consideration for (A) past or future services actually or to
be rendered to the Company or an Affiliate, or (B) any other form of legal consideration that may be acceptable to the Board in its sole discretion and permissible under applicable law. 

(ii) Vesting. Subject to the “Repurchase Limitation” in Section 8(l), shares of Common Stock awarded under the
Restricted Stock Award Agreement may be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board. 

(iii) Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the Company
may receive via a forfeiture condition, any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination of Continuous Service under the terms of the Restricted Stock Award Agreement. 

  
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 (iv) Transferability. Rights to acquire shares of Common Stock under the
Restricted Stock Award Agreement shall be transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Stock Award Agreement, as the Board shall determine in its sole discretion, so long as Common Stock
awarded under the Restricted Stock Award Agreement remains subject to the terms of the Restricted Stock Award Agreement. 
 (b)
Restricted Stock Unit Awards. Each Restricted Stock Unit Award Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Unit Award Agreements
may change from time to time, and the terms and conditions of separate Restricted Stock Unit Award Agreements need not be identical, provided, however, that each Restricted Stock Unit Award Agreement shall include (through incorporation of
the provisions hereof by reference in the Agreement or otherwise) the substance of each of the following provisions: 
 (i)
Consideration. At the time of grant of a Restricted Stock Unit Award, the Board will determine the consideration, if any, to be paid by the Participant upon delivery of each share of Common Stock subject to the Restricted Stock Unit Award.
The consideration to be paid (if any) by the Participant for each share of Common Stock subject to a Restricted Stock Unit Award may be paid in any form of legal consideration that may be acceptable to the Board in its sole discretion and
permissible under applicable law. 
 (ii) Vesting. At the time of the grant of a Restricted Stock Unit Award, the Board may
impose such restrictions or conditions to the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate. 

(iii) Payment. A Restricted Stock Unit Award may be settled by the delivery of shares of Common Stock, their cash equivalent, any
combination thereof or in any other form of consideration, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. 

(iv) Additional Restrictions. At the time of the grant of a Restricted Stock Unit Award, the Board, as it deems appropriate, may
impose such restrictions or conditions that delay the delivery of the shares of Common Stock (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such Restricted Stock Unit Award. 

(v) Dividend Equivalents. Dividend equivalents may be credited in respect of shares of Common Stock covered by a Restricted Stock
Unit Award, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. At the sole discretion of the Board, such dividend equivalents may be converted into additional shares of Common Stock covered by the Restricted Stock
Unit Award in such manner as determined by the Board. Any additional shares covered by the Restricted Stock Unit Award credited by reason of such dividend equivalents will be subject to all the terms and conditions of the underlying Restricted Stock
Unit Award Agreement to which they relate. 

  
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 (vi) Termination of Participant’s Continuous Service. Except as otherwise
provided in the applicable Restricted Stock Unit Award Agreement, such portion of the Restricted Stock Unit Award that has not vested will be forfeited upon the Participant’s termination of Continuous Service. 

(vii) Compliance with Section 409A of the Code. Notwithstanding anything to the contrary set forth herein, any
Restricted Stock Unit Award granted under the Plan that is not exempt from the requirements of Section 409A of the Code shall contain such provisions so that such Restricted Stock Unit Award will comply with the requirements of
Section 409A of the Code. Such restrictions, if any, shall be determined by the Board and contained in the Restricted Stock Unit Award Agreement evidencing such Restricted Stock Unit Award. For example, such restrictions may include, without
limitation, a requirement that any Common Stock that is to be issued in a year following the year in which the Restricted Stock Unit Award vests must be issued in accordance with a fixed pre-determined
schedule. 
 (c) Stock Appreciation Rights. Each Stock Appreciation Right Agreement shall be in such form and shall contain
such terms and conditions as the Board shall deem appropriate. Stock Appreciation Rights may be granted as stand-alone Stock Awards or in tandem with other Stock Awards. The terms and conditions of Stock Appreciation Right Agreements may change from
time to time, and the terms and conditions of separate Stock Appreciation Right Agreements need not be identical; provided, however, that each Stock Appreciation Right Agreement shall include (through incorporation of the provisions hereof by
reference in the agreement or otherwise) the substance of each of the following provisions: 
 (i) Term. No Stock Appreciation
Right shall be exercisable after the expiration of ten (10) years from the date of grant or such shorter period specified in the Stock Appreciation Right Agreement. 

(ii) Strike Price. Each Stock Appreciation Right will be denominated in shares of Common Stock equivalents. The strike price of
each Stock Appreciation Right granted as a stand-alone or tandem Stock Award shall not be less than one hundred percent (100%) of the Fair Market Value of the Common Stock equivalents subject to the Stock Appreciation Right on the date of grant.

 (iii) Calculation of Appreciation. The appreciation distribution payable on the exercise of a Stock Appreciation Right will
be not greater than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation Right) of a number of shares of Common Stock equal to the number of shares of Common Stock
equivalents in which the Participant is vested under such Stock Appreciation Right, and with respect to which the Participant is exercising the Stock Appreciation Right on such date, over (B) the strike price that will be determined by the
Board on the date of grant. 
 (iv) Vesting. At the time of the grant of a Stock Appreciation Right, the Board may impose such
restrictions or conditions to the vesting of such Stock Appreciation Right as it, in its sole discretion, deems appropriate. 

  
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 (v) Exercise. To exercise any outstanding Stock Appreciation Right, the
Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 

(vi) Non-Exempt Employees. No Stock Appreciation Right granted to an Employee that is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, shall be first exercisable for any shares of Common Stock until at least six months following the date of grant of the Stock
Appreciation Right. The foregoing provision is intended to operate so that any income derived by a non-exempt employee in connection with the exercise of a Stock Appreciation Right will be exempt from his or
her regular rate of pay. 
 (vii) Payment. The appreciation distribution in respect to a Stock Appreciation Right may be paid
in Common Stock, in cash, in any combination of the two or in any other form of consideration, as determined by the Board and contained in the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 

(viii) Termination of Continuous Service. Except as otherwise provided in the applicable Stock Appreciation Right Agreement or
other agreement between the Participant and the Company, in the event that a Participant’s Continuous Service terminates (other than for Cause or upon the Participant’s death or Disability), the Participant may exercise his or her Stock
Appreciation Right (to the extent that the Participant was entitled to exercise such Stock Appreciation Right as of the date of termination of Continuous Service) but only within such period of time ending on the earlier of (A) the date three
(3) months following the termination of the Participant’s Continuous Service (or such longer or shorter period specified in the Stock Appreciation Right Agreement, which period shall not be less than thirty (30) days unless such
termination is for Cause), or (B) the expiration of the term of the Stock Appreciation Right as set forth in the Stock Appreciation Right Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Stock
Appreciation Right within the time specified herein or in the Stock Appreciation Right Agreement (as applicable), the Stock Appreciation Right shall terminate. 

(ix) Disability of Participant. Except as otherwise provided in the applicable Stock Appreciation Right Agreement or other
agreement between the Participant and the Company, in the event that a Participant’s Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise his or her Stock Appreciation Right (to the extent
that the Participant was entitled to exercise such Stock Appreciation Right as of the date of termination of Continuous Service), but only within such period of time ending on the earlier of (A) the date twelve (12) months following such
termination of Continuous Service (or such longer or shorter period specified in the Stock Appreciation Right Agreement, which period shall not be less than six (6) months), or (B) the expiration of the term of the Stock Appreciation Right
as set forth in the Stock Appreciation Right Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Stock Appreciation Right within the time specified herein or in the Stock Appreciation Right Agreement
(as applicable), the Stock Appreciation Right shall terminate. 

  
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 (x) Death of Participant. Except as otherwise provided in the applicable Stock
Appreciation Right Agreement or other agreement between the Participant and the Company, in the event that (i) a Participant’s Continuous Service terminates as a result of the Participant’s death, or (ii) the Participant dies
within the period (if any) specified in the Stock Appreciation Right Agreement after the termination of the Participant’s Continuous Service for a reason other than death, then the Stock Appreciation Right may be exercised (to the extent the
Participant was entitled to exercise such Stock Appreciation Right as of the date of death) by the Participant’s estate, by a person who acquired the right to exercise the Stock Appreciation Right by bequest or inheritance or by a person
designated as the beneficiary of the Stock Appreciation Right upon the Participant’s death, but only within the period ending on the earlier of (i) the date eighteen (18) months following the date of death (or such longer or shorter
period specified in the Stock Appreciation Right Agreement, which period shall not be less than six (6) months), or (ii) the expiration of the term of such Stock Appreciation Right as set forth in the Stock Appreciation Right Agreement.
If, after the Participant’s death, the Stock Appreciation Right is not exercised within the time specified herein or in the Stock Appreciation Right Agreement (as applicable), the Stock Appreciation Right shall terminate. 

(xi) Termination for Cause. Except as explicitly provided otherwise in a Participant’s Stock Appreciation Right Agreement,
in the event that a Participant’s Continuous Service is terminated for Cause, the Stock Appreciation Right shall terminate upon the termination date of such Participant’s Continuous Service, and the Participant shall be prohibited from
exercising his or her Stock Appreciation Right from and after the time of such termination of Continuous Service. 
 (xii)
Compliance with Section 409A of the Code. Notwithstanding anything to the contrary set forth herein, any Stock Appreciation Rights granted under the Plan that are not exempt from the requirements of Section 409A of the
Code shall contain such provisions so that such Stock Appreciation Rights will comply with the requirements of Section 409A of the Code. Such restrictions, if any, shall be determined by the Board and contained in the Stock Appreciation Right
Agreement evidencing such Stock Appreciation Right. For example, such restrictions may include, without limitation, a requirement that a Stock Appreciation Right that is to be paid wholly or partly in cash must be exercised and paid in accordance
with a fixed pre-determined schedule. 
 7. COVENANTS OF THE
COMPANY. 
 (a) Availability of Shares. During the terms of the Stock Awards, the Company
shall keep available at all times the number of shares of Common Stock reasonably required to satisfy such Stock Awards. 
 (b)
Securities Law Compliance. The Company shall seek to obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon
exercise of the Stock Awards; provided, however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award. If,
after reasonable efforts, the Company is unable to obtain from any such regulatory commission or agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be
relieved from any liability for failure to issue and sell Common Stock upon exercise of such Stock Awards unless and until such authority is obtained. 

  
 -13- 

 (c) No Obligation to Notify. The Company shall have no duty or obligation to
any holder of a Stock Award to advise such holder as to the time or manner of exercising such Stock Award. Furthermore, the Company shall have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of a
Stock Award or a possible period in which the Stock Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of a Stock Award to the holder of such Stock Award. 

8. MISCELLANEOUS. 

(a) Use of Proceeds from Sales of Common Stock. Proceeds from the sale of shares of Common Stock pursuant to Stock Awards shall
constitute general funds of the Company. 
 (b) Corporate Action Constituting Grant of Stock Awards. Corporate action
constituting a grant by the Company of a Stock Award to any Participant shall be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the instrument, certificate, or letter evidencing
the Stock Award is communicated to, or actually received or accepted by, the Participant. 
 (c) Stockholder Rights. No
Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Common Stock subject to such Stock Award unless and until such Participant has satisfied all requirements for exercise of the
Stock Award pursuant to its terms and the Participant shall not be deemed to be a stockholder of record until the issuance of the Common Stock pursuant to such exercise has been entered into the books and records of the Company. 

(d) No Employment or Other Service Rights. Nothing in the Plan, any Stock Award Agreement or any other instrument executed
thereunder or in connection with any Stock Award granted pursuant thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect
the right of the Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s agreement with the
Company or an Affiliate, or (iii) the service of a Director pursuant to the Bylaws of the Company or an Affiliate, and any applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated, as the
case may be. 
 (e) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined
at the time of grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds one hundred thousand
dollars ($100,000), the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the applicable Option
Agreement(s). 

  
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 (f) Investment Assurances. The Company may require a Participant, as a
condition of exercising or acquiring Common Stock under any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a
purchaser representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and
risks of exercising the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common Stock subject to the Stock Award for the Participant’s own account and not with any
present intention of selling or otherwise distributing the Common Stock. The foregoing requirements, and any assurances given pursuant to such requirements, shall be inoperative if (x) the issuance of the shares upon the exercise or acquisition
of Common Stock under the Stock Award has been registered under a then currently effective registration statement under the Securities Act, or (y) as to any particular requirement, a determination is made by counsel for the Company that such
requirement need not be met in the circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or
appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the Common Stock. 

(g) Withholding Obligations. To the extent provided by the terms of a Stock Award Agreement, the Company may, in its sole
discretion, satisfy any federal, state or local tax withholding obligation relating to a Stock Award by any of the following means (in addition to the Company’s right to withhold from any compensation paid to the Participant by the Company) or
by a combination of such means: (i) causing the Participant to tender a cash payment; (ii) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the Participant in connection with the Stock
Award; provided, however, that no shares of Common Stock are withheld with a value exceeding the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid classification of the Stock Award as a
liability for financial accounting purposes); (iii) withholding payment from any amounts otherwise payable to the Participant; (iv) withholding cash from a Stock Award settled in cash; or (v) by such other method as may be set forth
in the Stock Award Agreement. 
 (h) Electronic Delivery. Any reference herein to a “written” agreement or
document shall include any agreement or document delivered electronically or posted on the Company’s intranet. 
 (i)
Deferrals. To the extent permitted by applicable law, the Board, in its sole discretion, may determine that the delivery of Common Stock or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Stock Award
may be deferred and may establish programs and procedures for deferral elections to be made by Participants. Deferrals by Participants will be made in accordance with Section 409A of the Code. Consistent with Section 409A of the Code, the
Board may provide for distributions while a Participant is still an employee. The Board is authorized to make deferrals of Stock Awards and determine when, and in what annual percentages, Participants may receive payments, including lump sum
payments, following the Participant’s termination of employment or retirement, and implement such other terms and conditions consistent with the provisions of the Plan and in accordance with applicable law. 

  
 -15- 

 (j) Compliance with Section 409A. To the extent that the
Board determines that any Stock Award granted hereunder is subject to Section 409A of the Code, the Stock Award Agreement evidencing such Stock Award shall incorporate the terms and conditions necessary to avoid the consequences specified in
Section 409A(a)(1) of the Code. To the extent applicable, the Plan and Stock Award Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued
thereunder, including without limitation any such regulations or other guidance that may be issued or amended after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the
Board determines that any Stock Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Board may adopt such
amendments to the Plan and the applicable Stock Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Board determines are necessary or
appropriate to (1) exempt the Stock Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Stock Award, or (2) comply with the requirements of Section 409A of
the Code and related Department of Treasury guidance. 
 (k) Compliance with Exemption Provided by Rule 12h-1(f). If: (i) the aggregate of the number of Optionholders and the number of holders of all other outstanding compensatory employee stock options to purchase shares of Common Stock equals or
exceeds five hundred (500), and (ii) the assets of the Company at the end of the Company’s most recently completed fiscal year exceed $10 million, then the following restrictions shall apply during any period during which the Company
does not have a class of its securities registered under Section 12 of the Exchange Act and is not required to file reports under Section 15(d) of the Exchange Act: (A) the Options and, prior to exercise, the shares of Common Stock
acquired upon exercise of the Options may not be transferred until the Company is no longer relying on the exemption provided by Rule 12h-1(f) promulgated under the Exchange Act
(“Rule 12h-1(f)”), except: (1) as permitted by Rule 701(c) promulgated under the Securities Act, (2) to a guardian upon the disability of
the Optionholder, or (3) to an executor upon the death of the Optionholder (collectively, the “Permitted Transferees”); provided, however, the following transfers are permitted: (i) transfers by the
Optionholder to the Company, and (ii) transfers in connection with a change of control or other acquisition involving the Company, if following such transaction, the Options no longer remain outstanding and the Company is no longer relying on
the exemption provided by Rule 12h-1(f); provided further, that any Permitted Transferees may not further transfer the Options; (B) except as otherwise provided in (A) above, the Options
and shares of Common Stock acquired upon exercise of the Options are restricted as to any pledge, hypothecation, or other transfer, including any short position, any “put equivalent position” as defined by
Rule 16a-1(h) promulgated under the Exchange Act, or any “call equivalent position” as defined by Rule 16a-1(b) promulgated under the Exchange Act by
the Optionholder prior to exercise of an Option until the Company is no longer relying on the exemption provided by Rule 12h-1(f); and (C) at any time that the Company is relying on the exemption
provided by Rule 12h-1(f), the Company shall deliver to Optionholders (whether by physical or electronic delivery or written notice of the availability of the information on an internet site) the
information 

  
 -16- 

 
required by Rule 701(e)(3), (4), and (5) promulgated under the Securities Act every six (6) months, including financial statements that are not more than one hundred eighty
(180) days old; provided, however, that the Company may condition the delivery of such information upon the Optionholder’s agreement to maintain its confidentiality. 

(l) Repurchase Limitation. The terms of any repurchase option shall be specified in the Stock Award Agreement. The repurchase
price for vested shares of Common Stock shall be the Fair Market Value of the shares of Common Stock on the date of repurchase. The repurchase price for unvested shares of Common Stock shall be the lower of (i) the Fair Market Value of the
shares of Common Stock on the date of repurchase or (ii) their original purchase price. However, the Company shall not exercise its repurchase option until at least six (6) months (or such longer or shorter period of time necessary to
avoid classification of the Stock Award as a liability for financial accounting purposes) have elapsed following delivery of shares of Common Stock subject to the Stock Award, unless otherwise specifically provided by the Board. 

9. ADJUSTMENTS UPON CHANGES IN COMMON STOCK;
OTHER CORPORATE EVENTS. 
 (a) Capitalization Adjustments. In
the event of a Capitalization Adjustment, the Board shall proportionately and appropriately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and maximum number
of securities that may be issued pursuant to the exercise of Incentive Stock Options pursuant to Section 3(c), and (iii) the class(es) and number of securities and price per share of stock subject to outstanding Stock Awards. The Board
shall make such adjustments, and its determination shall be final, binding and conclusive. 
 (b) Dissolution or Liquidation.
Except as otherwise provided in the Stock Award Agreement, in the event of a dissolution or liquidation of the Company, all outstanding Stock Awards (other than Stock Awards consisting of vested and outstanding shares of Common Stock not subject to
the Company’s right of repurchase) shall terminate immediately prior to the completion of such dissolution or liquidation, and the shares of Common Stock subject to the Company’s repurchase option may be repurchased by the Company
notwithstanding the fact that the holder of such Stock Award is providing Continuous Service, provided, however, that the Board may, in its sole discretion, cause some or all Stock Awards to become fully vested, exercisable and/or no longer
subject to repurchase or forfeiture (to the extent such Stock Awards have not previously expired or terminated) before the dissolution or liquidation is completed but contingent on its completion. 

(c) Corporate Transaction. The following provisions shall apply to Stock Awards in the event of a Corporate Transaction unless
otherwise provided in the instrument evidencing the Stock Award or any other written agreement between the Company or any Affiliate and the holder of the Stock Award or unless otherwise expressly provided by the Board at the time of grant of a Stock
Award. 
 (i) Stock Awards May Be Assumed. Except as otherwise stated in the Stock Award Agreement, in the event of a Corporate
Transaction, any surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) may assume or continue any or all Stock Awards outstanding under the Plan or may substitute similar stock awards for
Stock 

  
 -17- 

 
Awards outstanding under the Plan (including but not limited to, awards to acquire the same consideration paid to the stockholders of the Company pursuant to the Corporate Transaction), and any
reacquisition or repurchase rights held by the Company in respect of Common Stock issued pursuant to Stock Awards may be assigned by the Company to the successor of the Company (or the successor’s parent company, if any), in connection with
such Corporate Transaction. A surviving corporation or acquiring corporation (or its parent) may choose to assume or continue only a portion of a Stock Award or substitute a similar stock award for only a portion of a Stock Award. The terms of any
assumption, continuation or substitution shall be set by the Board in accordance with the provisions of Section 2. 
 (ii)
Stock Awards Held by Current Participants. Except as otherwise stated in the Stock Award Agreement, in the event of a Corporate Transaction in which the surviving corporation or acquiring corporation (or its parent company) does not assume or
continue such outstanding Stock Awards or substitute similar stock awards for such outstanding Stock Awards, then with respect to Stock Awards that have not been assumed, continued or substituted and that are held by Participants whose Continuous
Service has not terminated prior to the effective time of the Corporate Transaction (referred to as the “Current Participants”), the vesting of such Stock Awards (and, if applicable, the time at which such Stock Awards may be
exercised) shall not be accelerated and such Stock Awards shall terminate if not exercised (if applicable) at or prior to the effective time of the Corporate Transaction, and any reacquisition or repurchase rights held by the Company with respect to
such Stock Awards shall lapse (contingent upon the effectiveness of the Corporate Transaction). 
 (iii) Stock Awards Held by
Persons other than Current Participants. Except as otherwise stated in the Stock Award Agreement, in the event of a Corporate Transaction in which the surviving corporation or acquiring corporation (or its parent company) does not assume or
continue such outstanding Stock Awards or substitute similar stock awards for such outstanding Stock Awards, then with respect to Stock Awards that have not been assumed, continued or substituted and that are held by persons other than Current
Participants, the vesting of such Stock Awards (and, if applicable, the time at which such Stock Award may be exercised) shall not be accelerated and such Stock Awards (other than a Stock Award consisting of vested and outstanding shares of Common
Stock not subject to the Company’s right of repurchase) shall terminate if not exercised (if applicable) prior to the effective time of the Corporate Transaction; provided, however, that any reacquisition or repurchase rights held by the
Company with respect to such Stock Awards shall not terminate and may continue to be exercised notwithstanding the Corporate Transaction. 

(iv) Payment for Stock Awards in Lieu of Exercise. Notwithstanding the foregoing, in the event a Stock Award will terminate if
not exercised prior to the effective time of a Corporate Transaction, the Board may provide, in its sole discretion, that the holder of such Stock Award may not exercise such Stock Award but will receive a payment, in such form as may be determined
by the Board, equal in value to the excess, if any, of (A) the value of the property the holder of the Stock Award would have received upon the exercise of the Stock Award, over (B) any exercise price payable by such holder in connection
with such exercise. 

  
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 (d) Change in Control. A Stock Award may be subject to additional acceleration
of vesting and exercisability upon or after a Change in Control as may be provided in the Stock Award Agreement for such Stock Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant, but
in the absence of such provision, no such acceleration shall occur. 
 10. TERMINATION OR SUSPENSION
OF THE PLAN. 
 (a) Plan Term. The Board may suspend or
terminate the Plan at any time. Unless sooner terminated by the Board pursuant to Section 2, the Plan shall automatically terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the
Board, or (ii) the date the Plan is approved by the stockholders of the Company. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 

(b) No Impairment of Rights. Suspension or termination of the Plan shall not impair rights and obligations under any Stock Award
granted while the Plan is in effect except with the written consent of the affected Participant. 
 11. EFFECTIVE
DATE OF PLAN. 
 This Plan shall become effective on the Effective Date. 

12. CHOICE OF LAW. 

The law of the State of California shall govern all questions concerning the construction, validity and interpretation of this Plan, without
regard to that state’s conflict of laws rules. 
 13. DEFINITIONS. As used in the Plan, the following
definitions shall apply to the capitalized terms indicated below: 
 (a) “Affiliate” means, at the time of
determination, any “parent” or “majority-owned subsidiary” of the Company, as such terms are defined in Rule 405 of the Securities Act. The Board shall have the authority to determine the time or times at which
“parent” or “majority-owned subsidiary” status is determined within the foregoing definition. 
 (b)
“Board” means the Board of Directors of the Company. 
 (c) “Capitalization
Adjustment” means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Stock Award after the Effective Date without the receipt of consideration by the Company
(through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or
other transaction not involving the receipt of consideration by the Company). Notwithstanding the foregoing, the conversion of any convertible securities of the Company shall not be treated as a transaction “without the receipt of
consideration” by the Company. 

  
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 (d) “Cause” means with respect to a Participant, the
occurrence of any of the following events: (i) such Participant’s commission of any felony or any crime involving fraud, dishonesty or moral turpitude under the laws of the United States or any state thereof; (ii) such
Participant’s attempted commission of, or participation in, a fraud or act of dishonesty against the Company; (iii) such Participant’s intentional, material violation of any contract or agreement between the Participant and the
Company or of any statutory duty owed to the Company; (iv) such Participant’s unauthorized use or disclosure of the Company’s confidential information or trade secrets; or (v) such Participant’s gross misconduct. The
determination that a termination of the Participant’s Continuous Service is either for Cause or without Cause shall be made by the Company in its sole discretion. Any determination by the Company that the Continuous Service of a Participant was
terminated by reason of dismissal without Cause for the purposes of outstanding Stock Awards held by such Participant shall have no effect upon any determination of the rights or obligations of the Company or such Participant for any other purpose.

 (e) “Change in Control” means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 
 (i) any Exchange Act Person becomes the Owner, directly or indirectly, of
securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the
foregoing, a Change in Control shall not be deemed to occur (A) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other Exchange Act Person that acquires the Company’s securities in a
transaction or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity securities or (B) solely because the level of Ownership held by any Exchange Act Person (the
“Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or other acquisition of voting securities by the Company reducing the number of shares
outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the Company, and after such share acquisition, the Subject Person becomes the Owner of any
additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change
in Control shall be deemed to occur; 
 (ii) there is consummated a merger, consolidation or similar transaction involving (directly
or indirectly) the Company and, immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting
securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or (B) more than fifty percent (50%) of the combined outstanding voting
power of the parent of the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such
transaction; 
 (iii) the stockholders of the Company approve or the Board approves a plan of complete dissolution or liquidation of
the Company, or a complete dissolution or liquidation of the Company shall otherwise occur, except for a liquidation into a parent corporation; 

  
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 (iv) there is consummated a sale, lease, exclusive license or other disposition of
all or substantially all of the consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an Entity,
more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions as their Ownership of the outstanding voting securities of the Company
immediately prior to such sale, lease, license or other disposition; or 
 (v) individuals who, on the date this Plan is adopted by
the Board, are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the appointment or election (or nomination for
election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board. 

Notwithstanding the foregoing definition or any other provision of this Plan, (A) the term Change in Control shall not include a sale of assets, merger
or other transaction effected exclusively for the purpose of changing the domicile of the Company, and (B) the definition of Change in Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and
the Participant shall supersede the foregoing definition with respect to Stock Awards subject to such agreement; provided, however, that if no definition of Change in Control or any analogous term is set forth in such an individual written
agreement, the foregoing definition shall apply. 
 (f) “Code” means the Internal Revenue Code of 1986, as
amended. 
 (g) “Committee” means a committee of one (1) or more Directors to whom authority has been
delegated by the Board in accordance with Section 2(c). 
 (h) “Common Stock” means the common stock of
the Company. 
 (i) “Company” means Cloudflare, Inc., a Delaware corporation. 

(j) “Consultant” means any person, including an advisor, who is (i) engaged by the Company or an Affiliate
to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Director, or payment of a
fee for such service, shall not cause a Director to be considered a “Consultant” for purposes of the Plan. 
 (k)
“Continuous Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the
Participant renders service to the Company or an Affiliate as an Employee, Director, or Consultant or a change in the Entity for which the Participant renders such service, provided that there is no interruption or termination of the
Participant’s service with the Company or an Affiliate, shall not terminate a Participant’s Continuous Service; provided, however, if the Entity for which a Participant is rendering service ceases to qualify as an Affiliate, as
determined by the Board in its sole discretion, such Participant’s Continuous Service shall be 

  
 -21- 

 
considered to have terminated on the date such Entity ceases to qualify as an Affiliate. For example, a change in status from an employee of the Company to a consultant of an Affiliate or to a
Director shall not constitute an interruption of Continuous Service. To the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service shall be
considered interrupted in the case of any leave of absence approved by that party, including sick leave, military leave or any other personal leave. Notwithstanding the foregoing, a leave of absence shall be treated as Continuous Service for
purposes of vesting in a Stock Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as otherwise required by
law. 
 (l) “Corporate Transaction” means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 
 (i) the consummation of a sale or other disposition of all or
substantially all, as determined by the Board in its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 

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

(iii) the consummation of a merger, consolidation or similar transaction following which the Company is not the surviving corporation;
or 
 (iv) the consummation of a merger, consolidation or similar transaction following which the Company is the surviving corporation
but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property, whether in the form of
securities, cash or otherwise. 
 (m) “Director” means a member of the Board. 

(n) “Disability” means the inability of a Participant to engage in any substantially gainful activity by reason
of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve (12) months, and shall be determined by the
Board on the basis of such medical evidence as the Board deems warranted under the circumstances. 
 (o) “Effective
Date” means the effective date of this Plan, which is the earlier of (i) the date that this Plan is first approved by the Company’s stockholders, or (ii) the date this Plan is adopted by the Board. 

(p) “Employee” means any person employed by the Company or an Affiliate. 

However, service solely as a Director, or payment of a fee for such services, shall not cause a Director to be considered an “Employee” for purposes
of the Plan. 

  
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 (q) “Entity” means a corporation, partnership, limited
liability company or other entity. 
 (r) “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 (s) “Exchange Act Person” means any natural person, Entity or “group” (within the
meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan of the Company or any Subsidiary of
the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities,
(iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or (v) any natural person, Entity or “group” (within the meaning
of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date of the Plan as set forth in Section 11, is the Owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the
combined voting power of the Company’s then outstanding securities. 
 (t) “Fair Market Value” means, as
of any date, the value of the Common Stock determined by the Board in compliance with Section 409A of the Code or, in the case of an Incentive Stock Option, in compliance with Section 422 of the Code. 

(u) “Incentive Stock Option” means an Option that qualifies as an “incentive stock option” within the
meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (v) “Nonstatutory Stock
Option” means an Option that does not qualify as an Incentive Stock Option. 
 (w) “Officer”
means any person designated by the Company as an officer. 
 (x) “Option” means an Incentive Stock Option or a
Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant to the Plan. 
 (y) “Option
Agreement” means a written agreement between the Company and an Optionholder evidencing the terms and conditions of an Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan. 

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

(bb) “Participant” means a person to whom a Stock Award is granted pursuant to the Plan or, if applicable, such
other person who holds an outstanding Stock Award. 

  
 -23- 

 (cc) “Plan” means this Cloudflare, Inc. 2010 Equity Incentive
Plan. 
 (dd) “Restricted Stock Award” means an award of shares of Common Stock which is granted pursuant to
the terms and conditions of Section 6(a). 
 (ee) “Restricted Stock Award Agreement” means a written
agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award. Each Restricted Stock Award Agreement shall be subject to the terms and conditions of the Plan. 

(ff) “Restricted Stock Unit Award” means a right to receive shares of Common Stock which is granted pursuant to
the terms and conditions of Section 6(b). 
 (gg) “Restricted Stock Unit Award Agreement” means a written
agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement shall be subject to the terms and conditions of the
Plan. 
 (hh) “Securities Act” means the Securities Act of 1933, as amended. 

(ii) “Stock Appreciation Right” means a right to receive the appreciation on Common Stock that is granted
pursuant to the terms and conditions of Section 6(c). 
 (jj) “Stock Appreciation Right Agreement” means
a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement shall be subject to the terms and conditions of the
Plan. 
 (kk) “Stock Award” means any right to receive Common Stock granted under the Plan, including an
Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, or a Stock Appreciation Right. 

(ll) “Stock Award Agreement” means a written agreement between the Company and a Participant evidencing the
terms and conditions of a Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan. 

(mm) “Subsidiary” means, with respect to the Company, (i) any corporation of which more than fifty percent
(50%) of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any other class or classes of such corporation shall have or might
have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or other entity in which the Company has a direct or indirect
interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%). 

  
 -24- 

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

  
 -25- 

 CLOUDFLARE, INC. 

STOCK OPTION GRANT NOTICE 

(2010 EQUITY INCENTIVE PLAN) 

Cloudflare, Inc. (the “Company”), pursuant to its 2010 Equity Incentive Plan (the
“Plan”), hereby grants to Optionholder an option to purchase the number of shares of the Company’s Common Stock set forth below. This option is subject to all of the terms and conditions as set forth herein and in the
Stock Option Agreement, the Plan, and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety. Capitalized terms not defined herein shall have the meaning set forth in the Plan. 

Optionholder:      

Date of Grant:      

Vesting Commencement Date: 

Number of Shares Subject to Option:      

Exercise Price (Per Share): $ 

Total Exercise Price: $ 

Expiration Date: 
  

			
	Type of Grant:	  	
		
	Exercise Schedule:	  	
		
	Vesting Schedule:	  	
		
	Payment:	  	By check or wire

 Additional Terms/Acknowledgements: The undersigned Optionholder acknowledges receipt of, and understands and agrees to,
this Stock Option Grant Notice and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Stock Option Grant Notice and the Plan set forth the entire understanding between Optionholder and the Company regarding the
acquisition of stock in the Company and supersede all prior oral and written agreements on that subject with the exception of (i) options previously granted and delivered to Optionholder under the Plan, and (ii) the following agreements
only: 
  

			
	            OTHER AGREEMENTS:	 	  

		 	  

  

									
	CLOUDFLARE, INC.	 		 	OPTIONHOLDER:

									
				
	By:	 	  
	 		 	  

		 		 		 	Signature
					
	Title:	 	  
	 		 		 	
					
	Date:	 	  
	 		 	Date:	 	  

 ATTACHMENTS: 2010 Equity Incentive Plan and Notice of Exercise 

 CLOUDFLARE, INC. 

2010 EQUITY INCENTIVE PLAN 

OPTION AGREEMENT 

(INCENTIVE STOCK OPTION OR NONSTATUTORY STOCK
OPTION) 
 Pursuant to your Stock Option Grant Notice (“Grant Notice”) and this Option Agreement,
CLOUDFLARE, INC. (the “Company”) has granted you an option under its 2010 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s
Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice. Defined terms not explicitly defined in this Option Agreement but defined in the Plan shall have the same definitions as in the Plan. 

The details of your option are as follows: 

1. VESTING. Subject to the limitations contained herein, your option will vest as provided in your Grant Notice,
provided that vesting will cease upon the termination of your Continuous Service. 
 2. NUMBER OF
SHARES AND EXERCISE PRICE. The number of shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to
time for Capitalization Adjustments. 
 3. EXERCISE RESTRICTION FOR NON-EXEMPT EMPLOYEES. In the event that you are an Employee eligible for overtime compensation under the Fair Labor Standards Act of 1938, as amended (i.e., a “Non-Exempt Employee”), you may not exercise your option until you have completed at least six (6) months of Continuous Service measured from the Date of Grant specified in your Grant Notice,
notwithstanding any other provision of your option. 
 4. EXERCISE PRIOR TO
VESTING (“EARLY EXERCISE”). If permitted in your Grant Notice (i.e., the “Exercise Schedule” indicates “Early Exercise Permitted”) and subject to the provisions of
your option, you may elect at any time that is both (i) during the period of your Continuous Service and (ii) during the term of your option, to exercise all or part of your option, including the unvested portion of your option;
provided, however, that: 
 (a) a partial exercise of your option shall be deemed to cover first vested shares of Common Stock
and then the earliest vesting installment of unvested shares of Common Stock; 
 (b) any shares of Common Stock so purchased from
installments that have not vested as of the date of exercise shall be subject to the purchase option in favor of the Company as described in the Company’s form of Early Exercise Stock Purchase Agreement; 

(c) you shall enter into the Company’s form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in
the same vesting as if no early exercise had occurred; and 

  
 1. 

 (d) if your option is an Incentive Stock Option, then, to the extent that the
aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock with respect to which your option plus all other Incentive Stock Options you hold are exercisable for the first time by you during any calendar year (under
all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), your option(s) or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock
Options. 
 5. METHOD OF PAYMENT. Payment of the exercise price is due in full
upon exercise of all or any part of your option. You may elect to make payment of the exercise price in cash or by check or in any other manner permitted by your Grant Notice, which may include one or more of the following: 

(a) Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal,
pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to
pay the aggregate exercise price to the Company from the sales proceeds. 
 (b) Provided that at the time of exercise the Common Stock
is publicly traded and quoted regularly in The Wall Street Journal, by delivery to the Company (either by actual delivery or attestation) of already-owned shares of Common Stock that are owned free and clear of any liens, claims, encumbrances
or security interests, and that are valued at Fair Market Value on the date of exercise. Notwithstanding the foregoing, you may not exercise your option by tender to the Company of Common Stock to the extent such tender would violate the provisions
of any law, regulation or agreement restricting the redemption of the Company’s stock. 
 6. WHOLE
SHARES. You may exercise your option only for whole shares of Common Stock. 
 7. SECURITIES
LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares of Common Stock issuable upon such exercise are then registered under the Securities Act
or, if such shares of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your option also must comply with
other applicable laws and regulations governing your option, and you may not exercise your option if the Company determines that such exercise would not be in material compliance with such laws and regulations. 

8. TERM. You may not exercise your option before the commencement or after the expiration of its term. The term of
your option commences on the Date of Grant and expires upon the earliest of the following: 
 (a) immediately upon the termination of
your Continuous Service for Cause (as defined in the Plan); 

  
 2. 

 (b) three (3) months after the termination of your Continuous Service for any
reason other than Cause (as defined in the Plan), Disability or death, provided that if during any part of such three (3) month period your option is not exercisable solely because of the condition set forth in the section above relating to
“Securities Law Compliance,” your option shall not expire until the earlier of the Expiration Date or until it shall have been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service;

 (c) twelve (12) months after the termination of your Continuous Service due to your Disability; 

(d) eighteen (18) months after your death if you die either during your Continuous Service or within three (3) months after
your Continuous Service terminates for any reason other than Cause (as defined in the Plan); 
 (e) the Expiration Date indicated in
your Grant Notice; or 
 (f) the day before the tenth (10th) anniversary of the Date of Grant. 

If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option,
the Code requires that at all times beginning on the date of grant of your option and ending on the day three (3) months before the date of your option’s exercise, you must be an employee of the Company or an Affiliate, except in the event
of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you
continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three (3) months after the date your employment with the Company or an
Affiliate terminates. 
 9. EXERCISE. 

(a) You may exercise the vested portion of your option (and the unvested portion of your option if your Grant Notice so permits) during
its term by delivering a Notice of Exercise (in a form designated by the Company) together with the exercise price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with
such additional documents as the Company may then require. 
 (b) By exercising your option you agree that, as a condition to any
exercise of your option, the Company may require you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of your option,
(2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. 

(c) If your option is an Incentive Stock Option, by exercising your option you agree that you will notify the Company in writing within
fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option that occurs within two (2) years after the date of your option grant or within one (1) year after such
shares of Common Stock are transferred upon exercise of your option. 

  
 3. 

 (d) By exercising your option you agree that you shall not sell, dispose of,
transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the Company held by you, for a period
of one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act or such longer period as necessary to permit compliance with NASD Rule 2711 or NYSE Member Rule 472 and
similar rules and regulations (the “Lock-Up Period”); provided, however, that nothing contained in this section shall prevent the exercise of a repurchase option, if any, in
favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with
the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. The
underwriters of the Company’s stock are intended third party beneficiaries of this Section 9(d) and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. 

10. TRANSFERABILITY. Your option is not transferable, except by will or by the laws of descent and distribution,
and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be
entitled to exercise your option. In addition, if permitted by the Company you may transfer your option to a trust if you are considered to be the sole beneficial owner (determined under Section 671 of the Code and applicable state law) while
the option is held in the trust, provided that you and the trustee enter into a transfer and other agreements required by the Company. 

11. RIGHT OF FIRST REFUSAL. Shares of Common Stock that you acquire
upon exercise of your option are subject to any right of first refusal that may be described in the Company’s Bylaws in effect at such time the Company elects to exercise its right; provided, however, that if your option is an Incentive
Stock Option and the right of first refusal described in the Company’s Bylaws in effect at the time the Company elects to exercise its right is more beneficial to you than the right of first refusal described in the Company’s Bylaws on the
Date of Grant, then the right of first refusal described in the Company’s Bylaws on the Date of Grant shall apply. The Company’s right of first refusal shall expire on the first date upon which any security of the Company is listed (or
approved for listing) upon notice of issuance on a national securities exchange or quotation system. 
 12. RIGHT
OF REPURCHASE. To the extent provided in the Company’s Bylaws in effect at such time the Company elects to exercise its right, the Company shall have the right to repurchase all or any part of the shares of
Common Stock you acquire pursuant to the exercise of your option. 
 13. OPTION NOT A
SERVICE CONTRACT. Your option is not an employment or service contract, and nothing in your option shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company
or an Affiliate, or of the 

  
 4. 

 
Company or an Affiliate to continue your employment. In addition, nothing in your option shall obligate the Company or an Affiliate, their respective stockholders, Boards of Directors, Officers
or Employees to continue any relationship that you might have as a Director or Consultant for the Company or an Affiliate. 
 14.
WITHHOLDING OBLIGATIONS. 
 (a) At the time you exercise your option, in whole or in part, or at any
time thereafter as requested by the Company, you hereby authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by means of a “cashless exercise” pursuant to a
program developed under Regulation T as promulgated by the Federal Reserve Board to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an Affiliate,
if any, which arise in connection with the exercise of your option. 
 (b) Upon your request and subject to approval by the Company,
in its sole discretion, and compliance with any applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the exercise of your option a number of whole shares of
Common Stock having a Fair Market Value, determined by the Company as of the date of exercise, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid classification of your option
as a liability for financial accounting purposes). If the date of determination of any tax withholding obligation is deferred to a date later than the date of exercise of your option, share withholding pursuant to the preceding sentence shall not be
permitted unless you make a proper and timely election under Section 83(b) of the Code, covering the aggregate number of shares of Common Stock acquired upon such exercise with respect to which such determination is otherwise deferred, to
accelerate the determination of such tax withholding obligation to the date of exercise of your option. Notwithstanding the filing of such election, shares of Common Stock shall be withheld solely from fully vested shares of Common Stock determined
as of the date of exercise of your option that are otherwise issuable to you upon such exercise. Any adverse consequences to you arising in connection with such share withholding procedure shall be your sole responsibility. 

(c) You may not exercise your option unless the tax withholding obligations of the Company and/or any Affiliate are satisfied.
Accordingly, you may not be able to exercise your option when desired even though your option is vested, and the Company shall have no obligation to issue a certificate for such shares of Common Stock or release such shares of Common Stock from any
escrow provided for herein unless such obligations are satisfied. 
 15. TAX
CONSEQUENCES. You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You shall not make any claim
against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the
Code only if the exercise price per share specified in the Grant Notice is at least equal to the “fair market value” per share of the Common Stock on the Date of Grant and there is no other impermissible deferral of compensation associated
with the option. Because the Common Stock 

  
 5. 

 
is not traded on an established securities market, the Fair Market Value is determined by the Board, perhaps in consultation with an independent valuation firm retained by the Company. You
acknowledge that there is no guarantee that the Internal Revenue Service will agree with the valuation as determined by the Board, and you shall not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates in
the event that the Internal Revenue Service asserts that the valuation determined by the Board is less than the “fair market value” as subsequently determined by the Internal Revenue Service. 

16. NOTICES. Any notices provided for in your option or the Plan shall be given in writing and shall be deemed
effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 

17. GOVERNING PLAN DOCUMENT. Your option is subject to all the provisions of the
Plan, the provisions of which are hereby made a part of your option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any
conflict between the provisions of your option and those of the Plan, the provisions of the Plan shall control. 

  
 6. 

 CLOUDFLARE, INC. 

RESTRICTED STOCK UNIT GRANT NOTICE 

(AMENDED AND RESTATED 2010 EQUITY INCENTIVE PLAN)

 Cloudflare, Inc. (the “Company”), pursuant to its Amended and Restated 2010 Equity Incentive Plan (the
“Plan”), hereby awards to you (as of the date indicated below) a Restricted Stock Unit Award for the number of shares of Common Stock set forth below (the “Award”). The Award is subject to all of the
terms and conditions as set forth in this Restricted Stock Unit Grant Notice (the “Grant Notice”) in the Plan, and in the RSU Terms and Conditions (the “Terms and Conditions”), both of which are
attached hereto and incorporated herein in their entirety. Additionally, if you reside outside of the United States, whether on the Date of Grant or any time prior to the settlement or expiration of this Award, your Award is subject to Appendix A to
the terms and conditions, attached hereto. The Grant Notice and the Terms and Conditions, including Appendix A thereto, are collectively referred to as the “RSU Agreement.” Capitalized terms not otherwise defined
herein will have the meanings set forth in the Plan. 
  

			
	Participant Name:	 	
		
	Date of Grant:	 	
		
	Vesting Commencement Date:	 	                    
		
	Liquidity Event Deadline:	 	
		
	Number of Units (“RSUs”) Subject to Award	 	

  

			
	Vesting:	  	
		
	Service-Based	  	
	Requirement:	  	
		
	Liquidity Event	  	
	Requirement:	  	
		
	Settlement:	  	If an RSU vests as provided for above, the Company will deliver one share of Common Stock for each Vested RSU in accordance with the following schedule (each such delivery date or event below, a “Settlement
Time”).
		
	Vesting and Settlement on Death or Disability:	  	If your Continuous Service is terminated for death or Disability prior to the Liquidity Event Requirement being satisfied, any RSUs that have satisfied the Service-Based Requirement as of the date of your death or Disability will
become Vested RSUs on that date and the Company will deliver one share of Common Stock for each Vested RSU soon as reasonably practical following such date, but in no event later than March 15th of the calendar year following the calendar year in
which you vested. In the event of death or Disability, Shares will be withheld for taxes in accordance with the provisions of Section 9(b)(iv) of the RSU Terms and Conditions.

  

 Termination; 

Expiration Date: 
 Additional Terms/Acknowledgements:
By accepting the Award, you acknowledge receipt of, and understand and agree to, the RSU Agreement and the Plan. You further acknowledge that as of the Grant Date, the RSU Agreement and the Plan set forth the entire understanding between
you and the Company regarding the Award and supersede all prior oral and written agreements on the subject. 
 This RSU Agreement and any notices,
agreements or other documents related to this Award or your participation in the Plan may be executed in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.
Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. Federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission method and
any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes. 
  

									
	CLOUDFLARE, INC.	 		 	PARTICIPANT:
				
	By:	 	 	 		 	  

	Signature	 		 		 	Signature
					
	Title:	 	  
	 		 	Date:	 	  

					
	Date:	 	  
	 		 		 	

 APPENDIX A: Additional Terms and Conditions of the Cloudflare, Inc. 2010 Equity Incentive Plan
Restricted Stock Unit Agreement 
 ATTACHMENT I: RSU Terms and Conditions 

ATTACHMENT II: Amended and Restated 2010 Equity Incentive Plan 

  
 2 

 CLOUDFLARE, INC. 

RESTRICTED STOCK UNIT GRANT NOTICE 

(AMENDED AND RESTATED 2010 EQUITY INCENTIVE PLAN)

 Cloudflare, Inc. (the “Company”), pursuant to its Amended and Restated 2010 Equity Incentive Plan (the
“Plan”), hereby awards to you (as of the date indicated below) a Restricted Stock Unit Award for the number of shares of Common Stock set forth below (the “Award”). The Award is subject to all of the
terms and conditions as set forth in this Restricted Stock Unit Grant Notice (the “Grant Notice”) in the Plan, and in the RSU Terms and Conditions (the “Terms and Conditions”), both of which are
attached hereto and incorporated herein in their entirety. Additionally, if you reside outside of the United States, whether on the Date of Grant or any time prior to the settlement or expiration of this Award, your Award is subject to Appendix A to
the terms and conditions, attached hereto. The Grant Notice and the Terms and Conditions, including Appendix A thereto, are collectively referred to as the “RSU Agreement.” Capitalized terms not otherwise defined
herein will have the meanings set forth in the Plan. 
  

			
	Participant:	  	  

		
	Date of Grant:	  	  

		
	Vesting Commencement Date:	  	  

		
	Liquidity Event Deadline:	  	  

		
	Number of Units (“RSUs”) Subject to Award:	  	  

  

			
	Vesting:	  	
		
	Service-Based	  	
	Requirement:	  	
		
	Liquidity Event	  	
	Requirement:	  	
		
	Settlement:	  	If an RSU vests as provided for above, the Company will deliver one share of Common Stock for each Vested RSU in accordance with the following schedule (each such delivery date or event below, a “Settlement
Time”).
		
	 Vesting and Settlement
 on Death or
Disability:
	  	If your Continuous Service is terminated for death or Disability prior to the Liquidity Event Requirement being satisfied, any RSUs that have satisfied the Service-Based Requirement as of the date of your death or Disability will
become Vested RSUs on that date and the Company will deliver one share of Common Stock for each Vested RSU soon as reasonably practical following such date, but in no event later than March 15th of the calendar year following the calendar year in
which you vested. In the event of death or Disability, Shares will be withheld for taxes in accordance with the provisions of Section 9(b)(iv) of the RSU Terms and Conditions.

			
		
	Termination;	  	
	Expiration Date:	  	

 Additional Terms/Acknowledgements: By accepting the Award, you acknowledge receipt of, and understand and agree to, the
RSU Agreement and the Plan. You further acknowledge that as of the Grant Date, the RSU Agreement and the Plan set forth the entire understanding between you and the Company regarding the Award and supersede all prior oral and written agreements
on the subject. Further, you acknowledge and agree that this Award replaces and supersedes any prior offer from the Company to grant you equity in the company in any form, including any offer of options to purchase shares of the Company’s
common stock, as indicated in an employment offer letter. 
 This RSU Agreement and any notices, agreements or other documents related to this Award or your
participation in the Plan may be executed in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail
(including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission method and any counterpart so delivered will be deemed to have been duly
and validly delivered and be valid and effective for all purposes. 
  

									
	CLOUDFLARE, INC.	 		 	PARTICIPANT:
				
	By:	 	
                     
                                         
   
	 		 	  

	Signature	 		 		 	Signature
					
	Title:	 	  
	 		 	Date:	 	  

					
	Date:	 	  
	 		 		 	

 APPENDIX A: Additional Terms and Conditions of the Cloudflare, Inc. 2010 Equity Incentive Plan
Restricted Stock Unit Agreement 
 ATTACHMENT I: RSU Terms and Conditions 

ATTACHMENT II: Amended and Restated 2010 Equity Incentive Plan 

  
 2 

 APPENDIX A 

ADDITIONAL TERMS AND CONDITIONS OF THE 

CLOUDFLARE, INC. 2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

TERMS AND CONDITIONS. This Appendix includes special terms and conditions applicable to you if you reside in one of the countries
listed below. These terms and conditions are in addition to or, if so indicated, in place of, the terms and conditions set forth in the RSU Agreement. Please note that your Award is granted directly by Cloudflare, Inc.; it is not related to your
employment with any Cloudflare Affiliate, nor a part of your compensation or benefits with any Cloudflare Affiliate. Unless otherwise provided below, capitalized terms used but not defined herein shall have the same meanings assigned to them in the
Terms and Conditions and Grant Notice (together with this Appendix, collectively referred to as the “RSU Agreement”), and the Plan. 

NOTIFICATIONS. This Appendix also includes country-specific information of which you should be aware with respect to your participation
in the RSU Agreement. The information is based on the securities, exchange control and other laws in effect in the respective countries as of December 2018. Such laws are often complex and change frequently. As a result, the Company strongly
recommends that you do not rely on the information noted herein as the only source of information relating to the consequences of your participation in the Plan because the information may be out of date at the time that your RSUs vest or at
Settlement Time, or at the time you sell your shares of Common Stock acquired under the Plan. 
 In addition, the information is general in nature and may
not apply to your particular situation, and the Company is not in a position to assure you of any particular result. Accordingly, you are advised to seek appropriate professional advice as to how the relevant laws in your country may apply to your
situation. Finally, please note that if you are a citizen or resident of a country other than the country in which you are currently working, or transfer employment after grant, the information contained in this Appendix may not be applicable to
you. 
 AUSTRALIA 

EXCHANGE CONTROL INFORMATION. Exchange control reporting is required for cash transactions exceeding AUD 10,000 and for international
fund transfers. The Australian bank assisting with the transaction will file the report for you. If there is no Australian bank involved in the transfer, you may be required to file the report. 

CHINA 

ADDITIONAL SETTLEMENT REQUIREMENTS IN CHINA: The following provision replaces sub-section 7(a)
of the RSU Terms and Conditions: 
  

	 	(a)	 General. Subject to the satisfaction of any Tax-Related Items
(as defined below), the Company will deliver to you a number of shares of Common Stock equal to the number of Vested RSUs subject to the Award (including any shares received pursuant to a Capitalization Adjustment) at the Settlement Time(s) provided
in the Grant Notice, provided, however; 

	 	(i)	 if a scheduled delivery date falls on a date that is not a business day, such delivery date will instead fall
on the next business day that follows the scheduled delivery date. The form of such delivery (e.g. a stock certificate or electronic entry evidencing such shares) will be determined by the Company; and 

 

	 	(ii)	 that (A) if your RSU and/or the shares to be issued upon the settlement of your Vested RSUs cannot be
registered under applicable laws at the Settlement Time (including, without limitation, SAFE 37 (as defined below) and SAFE 7 (as defined below)) (the “Requisite Registration”), the Company may, in the Board’s sole discretion,
(x) cancel your RSU and, in exchange for a full release by you of the Company, pay you an amount as determined by the Board in good faith in its sole discretion, (y) extend the Settlement Time of your Vested RSU to a date after the
completion of the Requisite Registration on which your Vested RSU may be settled, or (z) take no further action and allow the RSU to be forfeited as of the Liquidity Event Deadline; and (B) if the Company has not completed the Requisite
Registration before a Change in Control, the Company may, in the Board’s sole discretion, cancel your RSU in connection with such Change in Control and, in exchange for a full release by you of the Company, pay you an amount as determined by
the Board in good faith in its sole discretion, less all Tax-Related Items, fees or other amounts required to be paid or withheld in connection with such payment. Any amounts payable to you by the Company (or
your employer) with respect to the forfeiture of your RSU are payable to you in local currency, and based upon the local currency to United States dollar exchange rate used by the Company to facilitate the payment in connection with such
cancellation or such other reasonable exchange rate determined by the Board in its discretion. As used herein, “SAFE 37” means the “Notice on Relevant Issues Concerning Foreign Exchange Administration for Domestic Residents to Engage
in Overseas Financing and Round Trip Investment via Special Purpose Companies” issued by the State Administration of Foreign Exchange of the PRC on July 4, 2014 and/or its successor regulation(s); and “SAFE 7” means the
“Circular of the State Administration of Foreign Exchange on Issues concerning the Administration of Foreign Exchange Used for Domestic Individuals’ Participation in Equity Incentive Plans of Companies Listed Overseas” promulgated by
the State Administration of Foreign Exchange of the PRC and effective as of February 15, 2012 and/or its successor regulation(s). 

COMPLIANCE WITH LAW. Notwithstanding any other term of the RSU Agreement, the Company, its affiliates and you will comply at all times
with the laws and regulations of the United States and the PRC in relation to the grant of your RSU and the settlement of your Vested RSUs under Section 7 above. In the event that the laws and regulations of the United States or the PRC at any
time, including but not limited to the time of settlement, prohibit the grant of your RSUs, the settlement of your RSU or the receipt of any net sale proceeds pursuant to Section 7 above, then to the extent the laws and regulations of the
United States and the PRC permit the Company to preserve the economic value that may be generated by this RSU, the Company may, in its sole discretion (but without any obligation), take such steps or course of action to provide or maintain the
benefit of your RSUs as contemplated by this RSU Agreement (or provide benefits to you that are substantially equivalent thereto), subject to the completion, execution and delivery of any agreement or document, and compliance with any reporting,
filing, registration or approval process required to be undertaken by you, the Company, any affiliate or any third party to ensure compliance with all applicable laws and regulations including, without limitation, those of the PRC Authorities. 

  
 2 

 FORM OF SETTLEMENT. Notwithstanding anything in the RSU Agreement and for the
avoidance of doubt, the RSUs granted to you, may at the Settlement Time and at the sole discretion of the Board, be cancelled in exchange for a full release by you of the Company, and the Company (or your employer) may pay you an amount as
determined by the Board in good faith in its sole discretion, less all Tax-Related Items, fees or other amounts required to be paid or withheld in connection with such payment. This amount may not be tied to
the fair market value of the shares of Common Stock at the time of vesting and/or the Settlement Time, and may be paid by either the Company or your employer (if different). You agree to bear any currency fluctuation risk between the time the RSUs
are settled, and the time the cash payment is distributed to you. 
 GERMANY 

EXCHANGE CONTROL INFORMATION. Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank
(Bundesbank). The report must be filed electronically, and the form of report (Allgemeine Meldeportal Statistik) can be accessed via the Bundesbank’s website (www.bundesbank.de). If you use a German bank to transfer a cross-border payment in
excess of €12,500 in connection with the sale of shares of shares acquired under the Plan, the bank will make the report for you. In addition, you must report any receivables, payables, or debts in foreign currency exceeding an amount of
€5,000,000 on a monthly basis. 
 POLAND 

EXCHANGE CONTROL INFORMATION. Polish residents holding foreign securities (including shares of Common Stock) and maintaining accounts
abroad must report information to the National Bank of Poland on transactions and balances of the securities and cash deposited in such accounts if the value of such transactions or balances exceeds PLN 7,000,000. If required, the reports must be
filed on a quarterly basis by the 20th day of the month following the end of each quarter on special forms available on the website of the National Bank of Poland. In addition, Polish residents are required to transfer funds through a bank account
in Poland if the transferred amount in any single transaction exceeds a specified threshold (currently €15,000). You are required to retain the documents connected with a foreign exchange transaction for a period of five (5) years, as
measured from the end of the year in which such transaction occurred. 
 SINGAPORE 

CHIEF EXECUTIVE OFFICER AND DIRECTOR NOTIFICATION REQUIREMENT. If you are a director, associate director or shadow director, or the
chief executive officer (“CEO”) of a Singapore company, you are subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Singapore company in
writing when you receive an interest (e.g., RSUs, shares of Common Stock) in the Company or any related companies. In addition, you must notify the Singapore company when you dispose of an interest in the Company or any

  
 3 

 
related company (including when you sell shares of Common Stock acquired pursuant to your RSU). These notifications must be made within two business days of acquiring or disposing of any interest
in the Company or any related company. In addition, a notification must be made of your interests in the Company or any related company within two business days of becoming a director or the CEO. 

SECURITIES LAW INFORMATION. The award of RSUs is being made pursuant to the “Qualifying Person” exemption under section
273(1)(f) of the Securities and Futures Act (Chap. 289) (“SFA”). The Plan has not and will not been lodged or registered as a prospectus with the Monetary Authority of Singapore. Hence, statutory liability under the SFA in relation to the
content of prospectuses will not apply. 
 You should note that the RSUs are subject to section 257 of the SFA. Therefore, the RSUs may not be offered
or sold, or made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore, unless such offer, sale or invitation is made (i) more than six (6) months from the date of grant,
(ii) pursuant to the exemptions under Part XIII, Division 1, Subdivision (4) (other than section 280) of the SFA, or (iii) pursuant to, and in accordance with the conditions of, any other applicable provisions of the SFA. 

UNITED KINGDOM 

WITHHOLDING. If withholding of income tax is required in connection with the RSUs and the withholding has not been done and the income
tax has not been paid by you to the Company within ninety (90) days after the end of the U.K. tax year in which the income tax liability arises, or within such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings
and Pensions) Act 2003 (the “Due Date”), the amount of any uncollected income tax will constitute a loan owed by you to the Company, effective on the Due Date, unless you are an executive officer of the Company and therefore
prohibited from obtaining a loan from the Company. You agree that the loan will bear interest at then-current Official Rate of HM Revenue and Customs (“HMRC”), it will be immediately due and repayable, and the Company may
recover it at any time thereafter by withholding the funds from salary, bonus or any other funds due to you, by withholding in shares issued upon the settlement of the RSUs or from the cash proceeds from the sale of shares or by demanding cash or a
check from you. You also authorize the Company to delay the issuance of any shares unless and until the loan is repaid in full. 

  
 4 

 ATTACHMENT I 

CLOUDFLARE, INC. 

AMENDED AND RESTATED 2010 EQUITY INCENTIVE PLAN

 RSU TERMS AND CONDITIONS 

Pursuant to your Restricted Stock Unit Grant Notice (the “Grant Notice”) and these RSU Terms and Conditions (the
“Terms and Conditions”), Cloudflare Inc. (the “Company”) has granted you a Restricted Stock Unit Award (the “Award”) under its Amended and Restated 2010 Equity Incentive Plan
(the “Plan”) for the number of Restricted Stock Units indicated in your Grant Notice. Note that if you reside outside of the United States, whether on the Date of Grant (as indicated in your Grant Notice) or any time prior to
the settlement or expiration of your Award, your Award is expressly subject to Appendix A to these Terms and Conditions, attached hereto. 

The Grant Notice and these Terms and Conditions, including Appendix A hereto, are collectively referred to as the “RSU
Agreement”. Capitalized terms not explicitly defined in the RSU Agreement but defined in the Plan shall have the same definitions as in the Plan. 

The details of the Award, in addition to those set forth in the Grant Notice and the Plan, are as follows. 

1. GRANT. The Award represents the right to be issued on a future date the number of shares of
Common Stock as indicated in the Grant Notice upon the satisfaction of the terms set forth in the RSU Agreement. 
 2.
VESTING. The Award will vest, if at all, in accordance with the vesting schedule provided in the Grant Notice. 

3. NUMBER OF SHARES. The number of units/shares subject to the Award
may be adjusted from time to time for Capitalization Adjustments. Any units, shares, cash or other property that become subject to the Award pursuant to a Capitalization Adjustment will be subject to the same forfeiture restrictions, restrictions on
transferability, and time and manner of delivery as applicable to the other shares covered by the Award. 
 4.
SECURITIES LAW AND OTHER COMPLIANCE. You may not be issued any shares under the Award unless either the shares are registered under the Securities Act,
or the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. The Award also must comply with other applicable laws governing the Award, and you will not receive such shares if the Company
determines that such receipt would not be in material compliance with such laws and regulations. You hereby agree that you will in no event sell or distribute all or any part of the shares of Common Stock that you receive pursuant to settlement of
this Award unless (a) there is an effective registration statement under the Securities Act and applicable state securities laws covering any such transaction involving the shares or (b) the Company receives an opinion of your legal
counsel (concurred in by legal counsel for the Company) stating that such transaction is exempt from registration or the Company otherwise satisfies itself that such transaction is exempt from registration. You understand that the Company has no
obligation to you to maintain any registration of the shares and has not represented to you that it will so maintain registration of the shares. 

 5. TRANSFER RESTRICTIONS. No portion of this
Award or any interest therein shall be sold, transferred, assigned, encumbered, pledged or otherwise disposed of, whether voluntarily or by operation of law. 

6. NO RIGHTS AS STOCKHOLDER. You shall not have voting
or other rights as a stockholder with respect to the RSUs prior to the issuance of shares on settlement of Vested RSUs. You will not receive any benefit or adjustment to your RSUs with respect to any cash dividend, stock dividend or other
distribution, except as provided in the Plan with respect to a Capitalization Adjustment. 
 7. SETTLEMENT
OF VESTED RSUS AND ISSUANCE OF SHARES. 

(a) General. Subject to the satisfaction of any Tax-Related Items (as defined below), the
Company will deliver to you a number of shares of Common Stock equal to the number of Vested RSUs subject to the Award (including any shares received pursuant to a Capitalization Adjustment) at the Settlement Time(s) provided in the Grant Notice.
However, except with respect to a Settlement Time that occurs on March 15 of any calendar year, if a scheduled delivery date falls on a date that is not a business day, such delivery date will instead fall on the next business day that follows
the scheduled delivery date. The form of such delivery (e.g., a stock certificate or electronic entry evidencing such shares) will be determined by the Company. 

(b) Delayed Settlement During Closed Trading Window. Notwithstanding the foregoing, following the IPO and the expiration of the Lock-Up Period, in the event that (i) you are subject to the Company’s policy permitting certain individuals to sell shares only during certain “window” periods, in effect from time to time or
you are otherwise prohibited from selling shares of Common Stock in the public market and any shares covered by the Award are scheduled to be delivered on a day (the “Original Distribution Date”) that does not occur during an
open “window period” applicable to you, as determined by the Company in accordance with such policy, or does not occur on a date when you are otherwise permitted to sell shares of Common Stock on the open market (including under a
previously established written trading plan that meets the requirements of Rule 10b5-1 under the Exchange Act and was entered into in compliance with the Company’s policies), and (ii) the Company
elects not to satisfy its Tax-Related Items by withholding shares from your distribution, then such shares will not be delivered on such Original Distribution Date and will instead be delivered on the first
business day of the next occurring open “window period” applicable to you pursuant to such policy (regardless of whether you have experienced a Termination of Service) or the next business day when you are not prohibited from selling
shares of Common Stock in the open market, but in no event later than March 15 of the calendar year following the calendar year in which the RSUs originally became vested. 

8. MARKET STAND-OFF
AGREEMENT. By acquiring shares of Common Stock under your Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or
similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the Company held by you, for a period of 180 days following the effective date of a registration statement of the Company filed under the
Securities Act or such longer period as the underwriters or the Company request or as necessary to permit compliance with FINRA Rule 2711 or NYSE Member Rule 472 and similar or successor regulatory rules and regulations (the “Lock-Up Period”); provided, however, that nothing contained in this paragraph will prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company and the underwriters that are consistent with the foregoing or that are necessary to give
further effect thereto. You also agree that any transferee of any shares of Common Stock (or other securities of the Company held by you) will be bound by this Section 7. To enforce the foregoing covenant, the Company may impose stop-transfer
instructions with respect to your shares of Common Stock until the end of such period. The underwriters of the Company’s stock are intended third party beneficiaries of this provision and will have the right, power and authority to enforce this
provision as though they were a party to the RSU Agreement. 

  
 2 

 9. RESPONSIBILITY FOR
TAXES. 
 (a) You acknowledge that you are ultimately responsible for all taxes owed in connection
with this Award (e.g., at vesting and/or upon receipt of the Shares), including any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your
participation in the Plan and legally applicable to you (“Tax-Related Items”), without regard to any action the Company or any Affiliate takes with respect to any such
Tax –Related Items that arise in connection with this Award. 
 (b) Prior to any event that results in the imposition of
taxation or required tax withholding, as applicable, you agree to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. The Company may refuse to issue
any shares to you until you satisfy the Tax-Related Items. You further authorize the Company, its Affiliates and/or their agents to satisfy their withholding obligations with regard to all Tax-Related Items, if any, by any of the following means or by a combination of such means: (i) withholding from any compensation otherwise payable to you by the Company or an Affiliate; (ii) causing you
to tender a cash payment; (iii) entering on your behalf (pursuant to this authorization without further consent) into a “same day sale” commitment with a brokerage firm designated or approved by the Company to sell on your behalf a
whole number of shares from those shares issuable to you in payment of Vested RSUs as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the Tax-Related Items; or
(iv) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to you in connection with the Award with a Fair Market Value (measured as of the date shares of Common Stock are issued to you or, if and as
determined by the Company, the date on which the Tax-Related Items are required to be calculated) equal to the amount of such Tax-Related Items. Depending on the
withholding method employed, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum
applicable rates, in which case you will receive a refund of any over-withheld amount in cash and will have no entitlement to the Common Stock equivalent. If the obligation for Tax-Related Items is satisfied
by withholding in shares of Common Stock, for tax purposes, you are deemed to have been issued the full number of shares of Common Stock subject to the vested portion of the Award, notwithstanding that a number of the shares of Common Stock are held
back solely for the purpose of paying the Tax-Related Items. 
 10.
INDEPENDENT TAX ADVICE. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan, or
your acquisition or sale of the underlying shares of Common Stock. You are hereby advised to consult with your own personal tax, financial and/or legal advisors regarding the Tax-Related Items arising in
connection with the Award and by accepting the Award, you have agreed that you have done so or knowingly and voluntarily declined to do so. Further, you acknowledge that the Company does not have any duty or obligation to minimize your liability for
Tax-Related Items arising from the Award and will not be liable to you for any Tax-Related Items arising in connection with the Award. 

11. NOTICES; ELECTRONIC COMMUNICATIONS. Any notices provided for in
the Grant Notice, the RSU Agreement or the Plan will be given in writing and will be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail,
postage prepaid, addressed to you at the last address you provided to the Company. Notwithstanding the foregoing, the Company may, in its sole discretion, decide to deliver any documents 

  
 3 

 
related to participation in the Plan and this Award by electronic means or to request your consent to participate in the Plan by electronic means. You hereby consent to receive such documents by
electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.

 12. GENERAL PROVISIONS. 

(a) Assignment. The rights and obligations of the Company under the Award will be transferable to any one or more persons or
entities selected by the Board, and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by the Company’s successors and assigns. Your rights and obligations under the Award may only be assigned with the prior
written consent of the Company. 
 (b) No Waiver. No waiver of any provision of this RSU Agreement will be valid unless in
writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce any right hereunder constitute a continuing waiver of the same or a waiver of any other right hereunder. 

(c) Undertaking. You agree to take whatever additional action and execute whatever additional documents the Company may deem
necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either you or the Award pursuant to the express provisions of this RSU Agreement. 

(d) Governing Plan Document. This RSU Agreement constitutes the entire contract between the parties hereto with regard to the
subject matter hereof. This RSU Agreement is made pursuant to the provisions of the Plan and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the Plan.
Except as expressly provided in the RSU Agreement, in the event of any conflict between the provisions of the Award and those of the Plan, the provisions of the Plan will control. 

(e) Governing Law. The RSU Agreement will be construed and administered in accordance with and governed by the laws of the State
of California. 
 (f) Arbitration. Any dispute or claim concerning the RSUs granted (or not granted) and any disputes or claims
relating to or arising out of the Plan shall be fully, finally and exclusively resolved by binding and confidential arbitration conducted pursuant to the rules of Judicial Arbitration and Mediation Services, Inc. (“JAMS”) in
Santa Clara, California. The Company shall pay all arbitration fees. In addition to any other relief, the arbitrator may award to the prevailing party recovery of its attorneys’ fees and costs. By accepting these RSUs, Participant and the
Company waive their respective rights to have any such disputes or claims tried by a judge or jury. 
 (g) Successors and
Assigns. The provisions of this RSU Agreement will inure to the benefit of, and be binding on, the Company and its successors and assigns and you and your legal representatives, heirs, legatees, distributees, assigns and transferees by operation
of law, whether or not any such person will have become a party to this RSU Agreement. 
 (h) No Employment or Service
Contract. Nothing in this RSU Agreement will affect in any manner whatsoever the right or power of the Company, or an Affiliate, to terminate your employment or services on behalf of the Company, for any reason, with or without Cause. 

  
 4 

 (i) Effect on Other Employee Benefit Plans. The value of the Award subject to
the RSU Agreement will not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Affiliate, except as such plan
otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit plans. 

(j) Compliance with Section 409A of the Code. Payments made pursuant to this RSU Agreement are intended to
qualify for an exemption from or comply with the requirements of Section 409A of the Code, including any applicable regulations and guidance issued thereunder, and this RSU Agreement and the Plan shall be interpreted, operated and administered
in a manner consistent with this intention. Each payment made pursuant to this RSU Agreement shall be treated as a separate payment for purposes of Section 409A of the Code. If it is determined that the Award is deferred compensation subject to
Section 409A of the Code, and if you are a “specified employee” (within the meaning set forth Section 409A(a)(2)(B)(i) of the Code) as of the date of your separation from service (within the meaning of Treasury Regulation Section 1.409A-1(h)), then you may be subject to certain delayed payment rules. Notwithstanding any other provision in this RSU Agreement or the Plan, the Company, to the extent it deems necessary or advisable
in its sole discretion, reserves the right, but shall not be required, to unilaterally amend or modify this RSU Agreement so that payments made pursuant to this RSU Agreement qualify for exemption from or comply with Section 409A of the Code;
provided, however, that the Company makes no representations that payments made pursuant to this RSU Agreement shall be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from
applying to payments made under this RSU Agreement. In no event will the Company or any of its Affiliates have any liability or obligation to reimburse, indemnify, or hold you harmless, for any tax imposed or other costs incurred as a result of
Section 409A of the Code or any other individual tax obligation. 

  
 5EX-10.10

 Exhibit 10.10 

LEASE AGREEMENT 

BY AND BETWEEN 

CIVITAS EQUITY FUND I, LLC, 

a California limited liability company 

AS LANDLORD 

and 

CLOUDFLARE, INC., 

a Delaware corporation 

AS TENANT 

DATED APRIL 18, 2014 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 Index of Defined Terms
	  	 	iv	 
		
	 Basic Lease Information
	  	 	v	 
			
	 1.
	 	Demise	  	 	1	 
			
	 2.
	 	Premises	  	 	1	 
			
	 3.
	 	Term; Termination Right	  	 	2	 
			
	 4.
	 	Rent	  	 	3	 
			
	 5.
	 	Utilities and Services	  	 	7	 
			
	 6.
	 	Late Charge	  	 	8	 
			
	 7.
	 	Security Deposit	  	 	9	 
			
	 8.
	 	Possession	  	 	11	 
			
	 9.
	 	Use of Premises	  	 	12	 
			
	 10.
	 	Acceptance of Premises	  	 	14	 
			
	 11.
	 	Surrender	  	 	15	 
			
	 12.
	 	Alterations and Additions	  	 	15	 
			
	 13.
	 	Maintenance and Repairs of Premises	  	 	17	 
			
	 14.
	 	Landlord’s Insurance	  	 	19	 
			
	 15.
	 	Tenant’s Insurance	  	 	20	 
			
	 16.
	 	Indemnification	  	 	21	 
			
	 17.
	 	Subrogation	  	 	21	 
			
	 18.
	 	Signs	  	 	22	 
			
	 19.
	 	Free From Liens	  	 	22	 
			
	 20.
	 	Entry By Landlord	  	 	22	 
			
	 21.
	 	Destruction and Damage	  	 	23	 

  
 i 

							
			
	 22.
	 	Condemnation	  	 	25	 
			
	 23.
	 	Assignment and Subletting	  	 	26	 
			
	 24.
	 	Default	  	 	29	 
			
	 25.
	 	Landlord’s Remedies	  	 	31	 
			
	 26.
	 	Landlord’s Right to Perform Tenant’s Obligations	  	 	33	 
			
	 27.
	 	Attorneys’ Fees	  	 	33	 
			
	 28.
	 	Taxes	  	 	34	 
			
	 29.
	 	Confidentiality	  	 	34	 
			
	 30.
	 	Effect of Conveyance	  	 	34	 
			
	 31.
	 	Tenant’s Estoppel Certificate	  	 	34	 
			
	 32.
	 	Subordination	  	 	35	 
			
	 33.
	 	Environmental Covenants	  	 	36	 
			
	 34.
	 	Notices	  	 	38	 
			
	 35.
	 	Waiver	  	 	39	 
			
	 36.
	 	Holding Over	  	 	39	 
			
	 37.
	 	Successors and Assigns	  	 	39	 
			
	 38.
	 	Time	  	 	39	 
			
	 39.
	 	Brokers	  	 	40	 
			
	 40.
	 	Limitation of Liability	  	 	40	 
			
	 41.
	 	Financial Statements	  	 	40	 
			
	 42.
	 	Rules and Regulations	  	 	41	 
			
	 43.
	 	Mortgagee Protection	  	 	41	 
			
	 44.
	 	Entire Agreement	  	 	41	 
			
	 45.
	 	Interest	  	 	42	 
			
	 46.
	 	Governing Law; Construction	  	 	42	 

  
 ii 

							
			
	 47.
	 	Name of Building	  	 	42	 
			
	 48.
	 	Jury Trial Waiver	  	 	42	 
			
	 49.
	 	Recordation	  	 	42	 
			
	 50.
	 	Force Majeure	  	 	43	 
			
	 51.
	 	Acceptance	  	 	43	 
			
	 52.
	 	Counterpart/Signatures	  	 	43	 
			
	 53.
	 	Bike Storage	  	 	43	 
			
	 54.
	 	Pets	  	 	44	 
			
	 55.
	 	Renewal Option (with FMV Rent)	  	 	44	 

 INDEX OF EXHIBITS 

 

			
	Exhibit	  	 
		
	A	  	Diagram of the Premises
		
	B	  	Tenant Work Letter, including Exhibit B-1, Base Building Standards
		
	C	  	Commencement and Expiration Date Memorandum
		
	D	  	Rules and Regulations
		
	E	  	Form of Estoppel Certificate
		
	F	  	Subordination, Non-Disturbance and Attornment Agreement

  
 iii 

 INDEX OF DEFINED TERMS

  

					
	 Additional Rent
	  	 	3	 
	 Alteration
	  	 	15	 
	 Alterations
	  	 	15	 
	 Amortized Landlord Replacements
	  	 	18	 
	 Appraisal Panel
	  	 	45	 
	 ASA
	  	 	45	 
	 Base Building Work
	  	 	2	 
	 Base Insurance Expenses
	  	 	4	 
	 Base Rent
	  	 	3	 
	 Base Taxes
	  	 	4	 
	 Base Year
	  	 	4	 
	 Basic Lease Information
	  	 	1	 
	 Bike Storage Facility
	  	 	3	 
	 Building
	  	 	1	 
	 Commencement Date
	  	 	2	 
	 Comparable Buildings
	  	 	46	 
	 Comparison Leases
	  	 	46	 
	 Computation Year
	  	 	4	 
	 Condemnation
	  	 	25	 
	 Default
	  	 	29	 
	 Delivery Date
	  	 	2	 
	 Electronic Payment
	  	 	6	 
	 Environmental Laws
	  	 	36	 
	 Expiration Date
	  	 	2	 
	 Extension Notice
	  	 	44	 
	 Extension Term
	  	 	44	 
	 FDIC
	  	 	9	 
	 First Outside Date
	  	 	3	 
	 Force Majeure
	  	 	3	 
	 GAAP
	  	 	18	 
	 Hazardous Materials
	  	 	36	 
	 Holder
	  	 	41	 
	 Insurance Expenses
	  	 	3	 
	 Landlord Affiliates
	  	 	40	 
	 Landlord Parties
	  	 	12	 
	 Landlord’s Broker
	  	 	vii	 

 

					
	 Landlord’s Determination
	  	 	45	 
	 Landlord’s Insureds
	  	 	20	 
	 Laws
	  	 	12	 
	 LC Amount
	  	 	9	 
	 Lease
	  	 	1	 
	 Letter of Credit
	  	 	9	 
	 MAI
	  	 	45	 
	 Major Damage or Destruction
	  	 	23	 
	 Mold Conditions
	  	 	13	 
	 Mold Prevention Practices
	  	 	13	 
	 Negotiation Period
	  	 	45	 
	 Option
	  	 	44	 
	 Phase 2 Base Building Approvals
	  	 	2	 
	 Premises
	  	 	1	 
	 Prevailing Market Rate
	  	 	46	 
	 Private Restrictions
	  	 	12	 
	 Project
	  	 	1	 
	 Proportionate Share
	  	 	6	 
	 Rent
	  	 	6	 
	 Roof Top Equipment
	  	 	14	 
	 Rules and Regulations
	  	 	41	 
	 Second Outside Date
	  	 	3	 
	 SNDA
	  	 	35	 
	 Successor Landlord
	  	 	35	 
	 Systems
	  	 	5	 
	 Taxes
	  	 	4	 
	 Tenant Affiliate
	  	 	26	 
	 Tenant’s Agents
	  	 	12	 
	 Tenant’s Broker
	  	 	vii	 
	 Tenant’s Determination
	  	 	45	 
	 Tenant’s Property
	  	 	20	 
	 Term
	  	 	2	 
	 Useful Life
	  	 	18	 
	 Utilities
	  	 	4	 
	 Utility Expenses
	  	 	4	 
	 Work Letter
	  	 	2	 

 
 

  
 iv 

 LEASE AGREEMENT 

BASIC LEASE INFORMATION 

 

					
	Lease Date:	  	April 18, 2014	  	
			
	Landlord:	  	 CIVITAS EQUITY FUND I, LLC,

a California limited liability company
	  	
			
	Landlord’s Address:	  	 Civitas Equity Fund I, LLC
 c/o Dahlin
Group
	  	
			
		  	 All notices sent to Landlord under this Lease

shall be sent to the above address, with copies to:
  

        Shartsis Friese LLP
	  	
			
	Tenant:	  	 CLOUDFLARE, INC.

a Delaware corporation
	  	
			
	Tenant’s Contact Person:	  		  	
			
	Tenant’s Address:	  	 Before Commencement Date:
  

CloudFare, Inc.
 665 3rd Street

San Francisco, California 94107
  

After Commencement Date:
  

CloudFlare, Inc.
 101 Townsend Street

San Francisco, California 94107
	  	
			
	Building Square Footage:	  	Approximately forty-three thousand five hundred nineteen (43,519) Interior Gross Area (the “IGA”), as measured consistent with the Building Owners and Managers Association (BOMA) Standard for the measurement of
commercial office space (ANSI/BOMA Z65.1 2010)	  	
			
	Premises Address:	  	 101 Townsend Street
 San Francisco, California
94107
	  	

  
 v 

											
	 Premises or Project:
	  	That certain property known as 101 Townsend Street, San Francisco, California, which includes approximately 12,662 square feet of land, which is improved with a four (4) story office building (with three
(3) above ground levels and one lower level) located thereon (the “Building”), containing approximately 43,519 IGA. The Project includes the approximately 16-foot wide paved area adjacent
to the Building.	 	
			
	 Tenant’s Proportionate Share 
of Project:
	  	100%	 	
			
	 Tenant’s Proportionate Share 
of Building:
	  	100%	 	
			
	 Length of Term:
	  	Ninety (90) months, subject to one (1) option to extend for a period of sixty (60) additional months	 	
			
	 Estimated Commencement 
Date:
	  	August 1, 2014	 	
			
	 Estimated Expiration Date:
	  	January 31, 2022	 	
						
	Monthly Base Rent:	  	Months	  	Sq. Ft.	  	Annual Base Rate	  	Monthly Base Rent	 	 
	  	1 – 12*	  	43,519	  	× $56.00	  	= $203,088.67	 	 
	  	13 – 24	  	43,519	  	× $57.68	  	= $209,181.33	 	 
	  	25 – 36	  	43,519	  	× $59.41	  	= $215,455.32	 	 
	  	37 – 48	  	43,519	  	× $61.19	  	= $221,910.63	 	 
	  	49 – 60	  	43,519	  	× $63.03	  	= $228,583.55	 	 
	  	61 – 72	  	43,519	  	× $64.92	  	= $235,437.79	 	 
	  	73 – 84	  	43,519	  	× $66.87	  	= $242,509.63	 	 
	  	85 – 90	  	43,519	  	× $68.88	  	= $249,799.06	 	 
			
	 	  	*Notwithstanding the foregoing, so long as Tenant is not in default of this
Lease beyond any applicable notice and cure period, Base Rent for months
one (1) through six (6) shall be abated.	 	 
			
	 Prepaid Base Rent:
	  	Two Hundred Three Thousand Eighty-Eight and 67/100 Dollars ($203,088.67), which shall be applicable to the seventh (7th) month of the Term	 	
			
	 Base Year:
	  	Calendar year 2015	 	
			
	 Security Deposit:
	  	Two Million Four Hundred Thirty-Seven Thousand Sixty-Four Dollars ($2,437,064.00), in the form of a Letter of Credit	 	
			
	Permitted Use:	  	General office and any legally permitted uses ancillary thereto, including a networks operation center	 	

  
 vi 

					
			
	 Brokers:
	  	 CBRE (“Landlord’s Broker”)

Jones Lang LaSalle (“Tenant’s Broker”)
	  	
			
	 Tenant Improvement 
Allowance:
	  	 $2,175,950.00
	  	

  
 vii 

 LEASE AGREEMENT 

THIS LEASE AGREEMENT is made and entered into by and between Landlord and Tenant as of the Lease
Date. The defined terms used in this Lease which are defined in the Basic Lease Information attached to this Lease Agreement (“Basic Lease Information”) shall have the meaning and definition given them in the Basic Lease
Information. The Basic Lease Information, the exhibits, the addendum or addenda described in the Basic Lease Information, and this Lease Agreement are and shall be construed as a single instrument and are referred to herein as the
“Lease.” 
 1. DEMISE 

In consideration for the rents and all other charges and payments payable by Tenant, and for the agreements, terms and conditions to be
performed by Tenant in this Lease, LANDLORD DOES HEREBY LEASE TO TENANT, AND TENANT DOES HEREBY
HIRE AND TAKE FROM LANDLORD, the Premises described in the Basic Lease Information (the “Premises”), which include the building described in the Basic Lease
Information (the “Building”) and the entire project described in the Basic Lease Information (the “Project”), upon the agreements, terms and conditions of this Lease for the Term hereinafter stated. 

2. PREMISES 
 The Premises
has the address and contains the square footage specified in the Basic Lease Information; provided, however, that any statement of square footage set forth in this Lease, or that may have been used in calculating any of the economic terms hereof, is
an approximation which Landlord and Tenant agree is reasonable and no economic terms based thereon shall be subject to revision whether or not the actual square footage is more or less. The location and dimensions of the Premises are depicted on
Exhibit A, which is attached hereto and incorporated herein by this reference. 
 The
Premises shall be leased by Tenant in “as-is” condition without any improvements or alterations by Landlord, other than the completion of the Base Building Work as defined in
Exhibit B. In connection with the Base Building Work, Landlord shall enforce any warranties provided by the contractor or contractors constructing the same, and to the extent Landlord fails to do so in
connection with any item that Tenant is required to maintain under this Lease after reasonable notice and opportunity to cure, Tenant may enforce such warranties, subject to the rights of the contractor(s) providing such warranties. 

Landlord reserves the right from time to time to install, use, maintain, repair, relocate and replace pipes, ducts, conduits, wires, and
appurtenant meters and equipment for service to the Building which are above the ceiling surfaces, below the floor surfaces, within the walls and in the central core areas of the Building upon at least 24 hours’ prior notice to Tenant (except
in case of emergency). In connection with any of the foregoing activities of Landlord, Landlord shall use reasonable efforts while conducting such activities to minimize any interference with Tenant’s use of the Premises. 

  
 1 

 No rights to any view or to light or air over any property, whether belonging to Landlord or
any other person, are granted to Tenant by this Lease. 
 3. TERM; TERMINATION RIGHT 

(a) Term. Subject to Landlord’s receipt of all required permits and approvals and substantial completion of the work
described in Section 1.2 of the Tenant Work Letter attached hereto as Exhibit B (the “Work Letter”) (such work being the “Base Building Work”), the term of this Lease (the “Term”)
shall be for the period of months specified in the Basic Lease Information, commencing on the Delivery Date. 
 (b) Delivery Date,
Commencement Date. The Delivery Date shall be the date that Landlord tenders deliver of the Building to Tenant with all Base Building Work substantially completed (the “Delivery Date” or the “Commencement
Date”), which date is expected to be on or about August 1, 2014. Landlord shall provide Tenant with fifteen (15) days’ prior written notice of the exact Delivery Date. Subject to Tenant’s right to extend the Term as
provided herein, the Term shall expire on the day that is ninety (90) months after the Commencement Date (the “Expiration Date”); provided, however, if the Commencement Date shall be other than the first day of a calendar
month, then Expiration Date shall be the last day of the month in which the Expiration Date would otherwise occur. Notwithstanding the foregoing, if Landlord is unable to obtain approval for the outdoor roof deck described in the Work Letter at the
time of receipt of the remaining Phase 2 Base Building Approvals, construction of the outdoor roof deck shall not be a condition to the occurrence of the Delivery Date. 

(c) Commencement Date Memorandum. Upon delivery of the Premises to Tenant, Landlord and Tenant shall execute a Lease Term
Commencement Date Memorandum specifying the actual Commencement Date; provided, however, failure to execute such a memorandum shall not affect the actual Commencement Date. 

(d) Schedule for Base Building Work. Once City of San Francisco Planning Department approval for the remaining Base
Building Work is secured, Landlord and Tenant shall mutually agree upon a schedule of milestones and remedies as they relate to Landlord’s construction permits and completion of the Base Building Work. 

(e) Termination Right Relating to Permitting. If City of San Francisco Planning Department approvals for the Phase 2
Building Improvements described in the Work Letter, other than relating to the construction of the outdoor roof deck, are not secured in final form reasonably acceptable to Landlord and Tenant (collectively, the “Phase 2 Base Building
Approvals”) before June 1, 2014, then at any time thereafter until such approvals are issued Tenant shall have the right to terminate the Lease. If Tenant does not exercise its termination right and the Phase 2 Base Building
Approvals are not secured before July 1, 2014, then either party may terminate the Lease at any time thereafter until such approvals are issued. For the sake of clarity, if Landlord does not obtain approval for the outdoor roof deck but does
obtain approvals for the other improvements described in the Work Letter within the time periods set forth above, neither Landlord nor Tenant shall have the right to terminate this Lease under this Section 3(e). 

  
 2 

 (f) Abatement; Additional Termination Right. In the event the Premises
are not delivered to Tenant with all Base Building Work substantially completed by the later of November 1, 2014, or the date that is 240 days following Landlord’s receipt of the Phase 2 Base Building Approvals (the “First Outside
Date”), Tenant will be granted a rent credit in the amount of one (1) day of abated Base Rent for every one (1) day of delivery after the First Outside Date. If Base Building Work is not substantially completed by the later of
January 1, 2015, or the date that is 300 days following Landlord’s receipt of the Phase 2 Base Building Approvals (the “Second Outside Date”), Tenant shall have the right to terminate the Lease by written notice to
Landlord within thirty (30) days after the Second Outside Date. 
 (g) If Tenant elects to terminate the Lease per Paragraphs 3(e) or
3(f) above. Landlord’s entire obligation to Tenant shall be to promptly return the full amount of the Security Deposit or Letter of Credit, plus the return of any prepaid rent paid by Tenant. 

4. RENT 
 (a) Base
Rent. Tenant shall pay to Landlord, in advance on the first day of each month, without further notice or demand and without abatement, offset, rebate, credit or deduction for any reason whatsoever, the monthly installments of rent
specified in the Basic Lease Information (the “Base Rent”). 
 Upon execution of this Lease by Tenant, Tenant shall deliver
to Landlord the Letter of Credit and the Prepaid Base Rent specified in the Basic Lease Information to be applied toward Base Rent for the month of the Term specified in the Basic Lease Information. 

(b) Additional Rent. As used in this Lease, the term “Additional Rent” shall mean all sums of money,
other than Base Rent, that shall become due from and payable by Tenant pursuant to this Lease. 
 (i) During the Term, in addition to the
Base Rent, Tenant shall pay to Landlord as Additional Rent, in accordance with this Paragraph 4, (A) Tenant’s Proportionate Share of the total dollar increase, if any, in Insurance Expenses attributable to each Computation Year over Base
Insurance Expenses (as defined below), and (B) Tenant’s Proportionate Share of the total dollar increase, if any, in Taxes attributable to each Computation Year over Base Taxes (as defined below). 

(ii) As used in this Lease, the following terms shall have the meanings specified: 

(A) “Insurance Expenses” means the total costs and expenses paid or incurred by Landlord in connection with the obtaining of
insurance on the Premises, the Building and/or the Project or any part thereof or interest therein, including, premiums for “all risk” fire and extended coverage insurance, commercial general liability insurance, rent loss or abatement
insurance, earthquake insurance, flood or surface water coverage, and other insurance as Landlord deems necessary in its sole discretion. In the event any such insurance policies are maintained on a portfolio wide basis, then Landlord shall have the
right to equitably allocate a portion of the costs of such policies to the Premises, the Building and/or the Project, as reasonably determined by Landlord. The foregoing shall not be deemed an agreement by Landlord to carry any particular insurance
relating to the Premises, the Building, or the Project, except as provided in Section 14 below. 

  
 3 

 (B) “Utility Expenses” means the cost of all electricity, water, gas,
sewers, oil, trash, telephone, telecommunications, and other utilities (collectively, “Utilities”), including any surcharges imposed, serving the Premises, the Building and the Project or any part thereof, and any amounts, taxes,
charges, surcharges, assessments or impositions levied, assessed or imposed upon the Premises, the Building or the Project or any part thereof, or upon Tenant’s use and occupancy thereof, as a result of any rationing of Utility services or
restriction on Utility use affecting the Premises, the Building and/or the Project. 
 (C) “Taxes” means any and all real
estate taxes and assessments, which may include any form of tax, assessment (including any special or general assessments and any assessments or charges for Utilities or similar purposes included within any tax bill for the Building or the Project
or any part thereof, including, without limitation, entitlement fees, allocation unit fees and/or any similar fees or charges), fee, license fee, business license fee, levy, penalty (if a result of Tenant’s delinquency), sales tax, rent tax,
occupancy tax or other tax (other than net income, estate, succession, inheritance, transfer or franchise taxes), imposed by any authority having the direct or indirect power to tax, or by any city, county, state or federal government or any
improvement or other district or division thereof, whether such tax is determined by the area of the Premises, the Building and/or the Project or any part thereof, or the Rent and other sums payable hereunder by Tenant, including, but not limited
to: (1) any gross income or excise tax levied by any of the foregoing authorities, with respect to receipt of Rent and/or other sums due under this Lease; (2) upon any legal or equitable interest of Landlord in the Premises, the Building
and/or the Project or any part thereof; (3) upon this transaction or any document to which Tenant is a party creating or transferring any interest in the Premises, the Building and/or the Project; and (4) levied or assessed in lieu of, in
substitution for, or in addition to, existing or additional taxes against the Premises, the Building and/or the Project, whether or not now customary or within the contemplation of the parties. “Taxes” shall also include any legal
and consultants’ fees, costs and disbursements incurred in connection with proceedings to contest, determine or reduce taxes but not to exceed the savings resulting therefrom, Landlord specifically reserving the right, but not the obligation,
to contest by appropriate legal proceedings the amount or validity of any taxes. 
 (D) “Base Year” shall mean the
calendar year specified in the Basic Lease Information, based on a 100% occupied and fully assessed Building. 
 (E) “Base
Insurance Expenses” shall mean the amount of Insurance Expenses for the Base Year. 
 (F) “Base Taxes” shall mean
the amount of Taxes for the Base Year. 
 (G) “Computation Year” shall mean each twelve (12) consecutive month period
commencing January 1 of each year during the Term following the Base Year, provided that Landlord, upon notice to Tenant, may change the Computation Year from time to time to any other twelve (12) consecutive month period, and, in the
event of any such change, Tenant’s Proportionate Share of Insurance Expenses over Base Insurance Expenses, and of Taxes over Base Taxes shall be equitably adjusted for the Computation Years involved in any such change. 

  
 4 

 (H) “Systems” shall mean the heating, ventilating, air conditioning,
plumbing, sewer, drainage, electrical, fire protection, escalator, elevator, life safety and security systems and other mechanical, electrical and communications systems and equipment serving the Premises, the Building and/or the Project or any part
thereof. 
 (c) Payment of Additional Rent. 

(i) Approximately thirty (30) days prior to the end of the Base Year and each Computation Year or as soon thereafter as practicable,
Landlord shall give to Tenant notice of Landlord’s estimate of the total amounts that will be payable by Tenant under Paragraph 4(b) for the following Computation Year, and Tenant shall pay such estimated Additional Rent on a monthly basis, in
advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. If at any time or times Landlord determines that the amounts payable under Paragraph 4(b) for the current
Computation Year will vary from Landlord’s estimate given to Tenant, Landlord, by notice to Tenant, may revise the estimate for such Computation Year, and subsequent payments by Tenant for such Computation Year shall be based upon such revised
estimate. By April 1 of each calendar year following the initial Computation Year, Landlord shall, in good faith, endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior Computation Year. If
the total of the monthly payments of Additional Rent that Tenant has made for the prior Computation Year is less than the actual Additional Rent chargeable to Tenant for such prior Computation Year, then Tenant shall pay the difference in a lump sum
within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior Computation Year shall, at Landlord’s option, be either credited towards the Additional Rent next due or
returned to Tenant in a lump sum payment within ten (10) days after delivery of such statement. Tenant shall have the right, during Landlord’s regular business hours and on reasonable prior notice, to inspect, at the location of
Landlord’s accounting records, Landlord’s books and records regarding Additional Rent for the year to which the statement relates. The inspection of Landlord’s books and records may be conducted by Tenant’s employee or a
reputable certified public accountant (i.e., a member of a reputable, independent, nationally or regionally recognized certified public accounting firm, who has experience reviewing financial operating records of office building landlords; provided
that such accountant is not retained by Tenant on a contingency fee basis) and such audit or review is completed within five (5) business days. If such inspection reveals that the amount of Additional Rent billed to Tenant was incorrect, the
appropriate party shall pay to the other party the deficiency or overpayment, as applicable, within thirty (30) days following delivery of the inspection, without interest at the interest rate set forth in Paragraph 45. All costs and expenses
of the inspection shall be paid by Tenant unless the final undisputed determination is that Landlord overstated Additional Rent by more than five percent (5%) for the applicable year, in which case Landlord shall pay the actual and reasonable costs
of the arbitration, not to exceed the amount of $5,000. Landlord shall maintain its accounting records of Additional Rent for at least three (3) years following the expiration or earlier termination of this Lease. 

  
 5 

 (ii) Landlord’s then-current annual operating budgets for Insurance and Taxes for the
Building and the Project shall be used for purposes of calculating Tenant’s monthly payment of estimated Additional Rent for the current year, subject to adjustment as provided above. Landlord shall make the final determination of Additional
Rent for the year in which this Lease terminates as soon as possible after termination of this Lease. Even though the Term has expired and Tenant has vacated the Premises, with respect to the year in which this Lease expires or terminates, Tenant
shall remain liable for payment of any amount due to Landlord in excess of the estimated Additional Rent previously paid by Tenant, and, conversely, Landlord shall promptly return to Tenant any overpayment. Failure of Landlord to submit statements
as called for herein shall not be deemed a waiver of Tenant’s obligation to pay Additional Rent as herein provided or Landlord’s obligation to reimburse for overpayment. 

(iii) With respect to Insurance Expenses and Taxes for the Building and the Project, Tenant’s “Proportionate Share”
shall be one hundred percent (100%). 
 (d) General Payment Terms. The Base Rent, Additional Rent and all other sums
payable by Tenant to Landlord hereunder, any late charges assessed pursuant to Paragraph 6 below and any interest assessed pursuant to Paragraph 45 below, are referred to as the “Rent.” The Rent for any fractional part of a calendar
month at the commencement or termination of the Term shall be a prorated amount of the Rent for a full calendar month based upon a thirty (30) day month. Except as otherwise expressly set forth herein, any nonrecurring payments of Additional
Rent are due within thirty (30) days following the issuance of an invoice by Landlord. Tenant shall make all payments of Base Rent and recurring payments of Additional Rent due pursuant to the terms of this Lease by means of a federal funds
wire transfer or such other method of electronic funds transfer as may be required by Landlord in its sole and absolute discretion (the “Electronic Payment”). Prior to the Commencement Date, Tenant shall obtain from Landlord the
proper bank ABA number, account number and designation of the account to which such Electronic Payment shall be made. Tenant shall promptly notify Landlord in writing of any additional information that will be required to establish and maintain
Electronic Payment from Tenant’s bank or financial institution. Landlord shall have the right, after at least fifteen (15) days’ prior written notice to Tenant, to change the name of the depository for receipt of any Electronic
Payment and to discontinue payment of any sum by Electronic Payment and require such payments to be made by check through a domestic branch of a United States financial institution payable to such person or place as Landlord may, from time to time,
designate to Tenant in writing. 
 (e) Statements Binding. Every statement given by Landlord pursuant to subparagraph
(c) of this Paragraph 4 shall be conclusive and binding upon Tenant unless (i) within one hundred twenty (120) days after the receipt of such statement Tenant shall notify Landlord that it disputes the correctness thereof, specifying
the particular respects in which the statement is claimed to be incorrect, and (ii) if such dispute shall not have been settled by agreement, Tenant shall submit the dispute to binding arbitration within one hundred twenty (120) days after
receipt of the statement. Pending the determination of such dispute by agreement or arbitration as aforesaid, Tenant shall, within thirty (30) days after receipt of such statement, pay Additional Rent in accordance with Landlord’s
statement and such payment shall be without prejudice to Tenant’s position. If the dispute shall be determined in Tenant’s favor, Landlord shall forthwith pay Tenant the amount of Tenant’s overpayment of Additional Rent resulting from
compliance with Landlord’s statement. 

  
 6 

 (f) Tax Protest. Notwithstanding the provision of Paragraph 4(e) above,
Tenant, at Tenant’s sole cost and expense, shall have the right to seek a reduction in or otherwise contest any Taxes by action or proceeding against the entity with authority to assess or impose the same. Landlord shall not be required to join
in any proceeding or action brought by Tenant; provided however, that Tenant shall be required to provide written notice to Landlord of any such proceeding that Tenant pursues and copies of all correspondence relating thereto. Tenant shall continue,
during the pendency of such proceeding or action, to pay all Additional Rent owing hereunder. Tax refunds shall be credited against Taxes for the associated period and refunded to Tenant regardless of when received, based on the period to which the
refund is applicable, provided that in no event shall the amount to be refunded to Tenant for any such period exceed the total amount paid by Tenant for Taxes as Additional Rent under this Article 4 for such period. If Taxes for any period during
the Term or any extension thereof are increased after payment thereof for any reason, including, without limitation, error or reassessment by applicable governmental or municipal authorities, Tenant shall pay its Proportionate Share of such
increased Taxes. 
 5. UTILITIES AND SERVICES 

(a) In General. Tenant will be responsible, at its sole cost and expense, for the furnishing of all services and Utilities
to the Premises, including, but not limited to heating, ventilation and air conditioning, electricity, water, telephone, telecommunications, janitorial and security services. 

(i) All Utilities to the Premises shall be separately metered at the Premises and shall be paid directly by Tenant to the applicable utility
provider. 
 (ii) Landlord shall not provide janitorial services for the Premises. Tenant shall be solely responsible for performing all
janitorial services and other cleaning of the Premises, all in compliance with applicable Laws. The janitorial and cleaning of the Premises shall be adequate to maintain the Premises in a manner consistent with Comparable Buildings. 

(b) Energy Disclosure. When fully implemented, California Code of Regulations, Title 20, Section 1680 et
seq. requires owners of non-residential buildings to provide EPA Energy Benchmark Reports when a building is sold, refinanced or leased in full. Tenant hereby gives its consent for the utility or utilities
providing service to the Premises to disclose such information to Landlord and shall, within thirty (30) days after written request from Landlord, provide Tenant’s electric usage information and data to Landlord or such further written
consent for the utility or utilities providing service to Tenant to disclose such information to Landlord as may be required by the utilities, and shall reasonably assist with Landlord’s compliance with those code sections or any similar,
related or successor provision of Law. 

  
 7 

 (c) No Landlord Liability. Notwithstanding anything in this Lease to
the contrary, Tenant acknowledges and agrees that Landlord shall not be liable, in any respect, for any injury or death of any person or any loss, injury or damage to property caused by or resulting from any variation, interruption, or failure of
Utilities or any other services due to any cause whatsoever. No temporary interruption or failure of such services incident to the making of repairs, alterations, improvements, or due to accident, strike, or conditions or other events shall be
deemed an eviction of Tenant or relieve Tenant from any of its obligations hereunder. In no event shall Landlord be liable in any respect for any injury or death of any person or any loss, damage or injury to the Premises or any property therein or
thereon occasioned by bursting, rupture, leakage or overflow of any plumbing or other pipes (including, without limitation, water, steam, and/or refrigerant lines), sprinklers, tanks, drains, drinking fountains or washstands, or other similar cause
in, above, upon or about the Premises, the Building, or the Project. 
 (d) Disclosure. Except as delineated in Exhibit
B-1 to the Work Letter, (i) Landlord makes no representation with respect to the adequacy or fitness of the air-conditioning or ventilation equipment in the
Building to maintain temperatures which may be required for, or because of, any equipment of Tenant, other than normal fractional horsepower office equipment, or occupancy of the Premises by more than one person per 125 square feet; and
(ii) Landlord shall have no liability for loss or damage in connection therewith. Tenant shall not, without Landlord’s prior written consent, use heat-generating machines, machines other than normal fractional horsepower office machines,
equipment or lighting other than building standard lights in the Premises, which may affect the temperature otherwise maintained by the air conditioning system or increase the water normally furnished for the Premises by Landlord pursuant to the
terms of this Paragraph 5. If such consent is given, Landlord shall have the right to install supplementary air conditioning units or other facilities in the Premises, including supplementary or additional metering devices, and the cost thereof,
including the cost of installation, operation and maintenance, increased wear and tear on existing equipment and other similar charges, shall be paid by Tenant to Landlord upon billing by Landlord. Tenant shall not use water or heat or air
conditioning in excess of that normally supplied by Landlord. Tenant’s consumption of electricity shall not exceed the Building’s capacity. 

6. LATE CHARGE 

Notwithstanding any other provision of this Lease to the contrary, Tenant hereby acknowledges that late payment to Landlord of Rent, or other
amounts due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. If any Rent or other sums due from Tenant are not received by Landlord or by Landlord’s
designated agent within five (5) days after their due date, then Tenant shall pay to Landlord a late charge equal to five percent (5%) of such overdue amount. Landlord and Tenant hereby agree that such late charges represent a fair and
reasonable estimate of the cost that Landlord will incur by reason of Tenant’s late payment and shall not be construed as a penalty. Landlord’s acceptance of such late charges shall not constitute a waiver of Tenant’s default with
respect to such overdue amount or stop Landlord from exercising any of the other rights and remedies granted under this Lease. Notwithstanding the foregoing, Landlord will not assess a late charge until Landlord has given written notice of such late
payment for the first late payment in any twelve (12) month period and after Tenant has not cured such late payment within five (5) days from receipt of such notice. No other notices will be required during the following twelve
(12) months for a late charge to be incurred. 

  
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 7. SECURITY DEPOSIT 

(a) General. To the extent any cash Security Deposit is required, currently with Tenant’s execution of this Lease,
Tenant shall deposit with Landlord the Security Deposit specified in the Basic Lease Information as security for the full and faithful performance of each and every term, covenant and condition of this Lease. Landlord may use, apply or retain the
whole or any part of the Security Deposit as may be reasonably necessary (a) to remedy any Default by Tenant under this Lease, (b) to repair damage to the Premises caused by Tenant, (c) to perform Tenant’s obligations under
Paragraph 11, in the event Tenant fails to do so, (d) to reimburse Landlord for the payment of any amount which Landlord may reasonably spend or be required to spend by reason of Tenant’s Default, and (e) to compensate Landlord for
any other loss or damage which Landlord may suffer by reason of Tenant’s Default. Should Tenant faithfully and fully comply with all of the terms, covenants and conditions of this Lease, within thirty (30) days following the expiration of
the Term, the Security Deposit or any balance thereof shall be returned to Tenant or, at the option of Landlord, to the last assignee of Tenant’s interest in this Lease. Landlord shall not be required to keep the Security Deposit separate from
its general funds and Tenant shall not be entitled to any interest on such deposit. If Landlord so uses or applies all or any portion of said deposit, within five (5) days after written demand therefor Tenant shall deposit cash with Landlord in
an amount sufficient to restore the Security Deposit to the full extent of the above amount, and Tenant’s failure to do so shall be a default under this Lease. In the event Landlord transfers its interest in this Lease, Landlord shall transfer
the then remaining amount of the Security Deposit to Landlord’s successor in interest, and thereafter Landlord shall have no further liability to Tenant with respect to such Security Deposit. Tenant hereby waives any and all rights under and
the benefits of Section 1950.7, except subsection (b), of the California Civil Code, and all other provisions of law now in force or that become in force after the date of execution of this Lease, that provide that Landlord may claim from a
security deposit only those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant, or to clean the Premises. Landlord and Tenant agree that Landlord may, in addition, claim those sums reasonably
necessary to compensate Landlord for any other foreseeable or unforeseeable loss or damage caused by the act or omission of Tenant or Tenant’s officers, agents, employees, independent contractors, or invitees. 

(b) Letter of Credit. Concurrent with its execution of this Lease, Tenant shall deliver to Landlord as collateral for the
full and faithful performance by Tenant of all of its obligations under this Lease and for all losses and damages Landlord may suffer as a result of any default by Tenant under this Lease, an irrevocable and unconditional negotiable letter of credit
(the “Letter of Credit”) in the amount specified in the Basic Lease Information (the “LC Amount”). Such Letter of Credit shall be in a form acceptable to Landlord and otherwise containing the terms required herein,
issued by a bank which accepts deposits, maintains accounts, has a local office which will negotiate a letter of credit and whose deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”) and approved by Landlord.
The Letter of Credit shall be (i) at sight and irrevocable; (ii) subject to the terms of this Paragraph 7, maintained in effect, whether through replacement, renewal or extension, for the entire period from the date of execution of this
Lease through that date which is sixty (60) days following the expiration or earlier termination hereof, and to the extent the Letter of Credit delivered to Landlord does not extend by its terms until the end of the Term through automatic
annual renewals, Tenant shall deliver a new Letter of Credit or certificate of renewal or extension to Landlord at least thirty (30) days 

  
 9 

 
prior to the expiration of the Letter of Credit, without any action whatsoever on the part of Landlord; and (iii) fully assignable by Landlord in connection with a transfer of
Landlord’s interest in this Lease and permit partial draws. In addition to the foregoing, the form and terms of the Letter of Credit shall be acceptable to Landlord, in Landlord’s reasonable discretion, and shall provide, among other
things, in effect that: (A) Landlord, or its then managing agent, shall have the right to draw down an amount up to the face amount of the Letter of Credit upon the presentation to the issuing bank of Landlord’s (or Landlord’s then
managing agent’s) written statement that such amount is due to Landlord under the terms and conditions of this Lease and/or because Tenant failed to cause a new Letter of Credit or certificate of renewal or extension to be delivered to Landlord
at least thirty (30) days prior to the expiration of the Letter of Credit; (B) the Letter of Credit will be honored by the issuing bank without inquiry as to the accuracy thereof and regardless of whether the Tenant disputes the content of
such statement; and (C) in the event of a transfer of Landlord’s interest in this Lease, Landlord shall transfer the Letter of Credit, in whole or in part (or cause a substitute letter of credit to be delivered, as applicable) to the
transferee and thereupon the Landlord shall, without any further agreement between the parties, be released by Tenant from all liability therefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole
or any portion of said Letter of Credit to a new Landlord. 
 (c) Replenishment Restrictions. If, as a result of any
application or use by Landlord of all or any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the LC Amount, then Tenant shall, within ten (10) days thereafter, provide Landlord with additional letter(s) of
credit in an amount equal to the deficiency (or a replacement letter of credit in the total amount of the LC Amount) and any such additional (or replacement) letter of credit shall comply with all of the provisions of this Paragraph 7, and if Tenant
fails to comply with the foregoing, the same shall constitute a default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors
or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Without limiting the generality of the foregoing, if the Letter of Credit expires earlier than the expiration of the Term, Landlord will
accept a renewal letter of credit or substitute letter of credit (such renewal or substitute letter of credit to be in effect and delivered to Landlord, as applicable, not later than thirty (30) days prior to the expiration of the Letter of
Credit), which with respect to any letter of credit shall be irrevocable and automatically renewable as above provided through the expiration of the Term, upon the same terms as the expiring Letter of Credit or such other terms as may be acceptable
to Landlord in its reasonable discretion. However, if the Letter of Credit is not timely renewed thirty (30) days prior to the expiration of the Letter of Credit or a substitute letter of credit is not timely received within thirty
(30) days prior to the expiration of the Letter of Credit, or if Tenant fails to maintain the Letter of Credit in the amount and in accordance with the terms set forth in this Paragraph 7, then Landlord shall have the right to present the
Letter of Credit to the bank in accordance with the terms of this Paragraph 7, and the entire sum evidenced thereby shall be paid to and held by Landlord as a cash security deposit and as collateral for the performance of Tenant’s obligations
under this Lease and for all losses and damages Landlord may suffer as a result of any default by Tenant under this Lease, and Tenant shall cause to be issued and delivered to Landlord a replacement Letter of Credit in the LC Amount within five
(5) business days after the Landlord has drawn down on the Letter of Credit. The failure to do so shall constitute a Default (as defined in Paragraph 24 below) by Tenant. 

  
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 (d) Default. If there shall occur a default under this Lease, Landlord
may, but without obligation to do so, draw upon the Letter of Credit, in part or in whole, to cure any default of Tenant and/or to compensate Landlord for any and all damages of any kind or nature sustained or which may be sustained by Landlord
resulting from Tenant’s default. Tenant hereby waives the provisions of California Civil Code Section 1950.7, except subsection (b), and/or any successor statute, it being expressly agreed that Landlord may apply all or any portion of the
Letter of Credit, or proceeds thereof, in payment of any and all sums reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the act or omission of Tenant or any officer, employee, agent or
invitee of Tenant, and that following a default by Tenant, all or any portion of the Letter of Credit, or proceeds thereof, may be retained by Landlord following a termination of the Lease and applied to future damages, including damages for future
rent, pending determination of the same. Tenant agrees not to interfere in any way with payment to Landlord of the proceeds of the Letter of Credit, either prior to or following a “draw” by Landlord of any portion of the Letter of Credit,
regardless of whether any dispute exists between Tenant and Landlord as to Landlord’s right to draw from the Letter of Credit. No condition or term of this Lease shall be deemed to render the Letter of Credit conditional to justify the issuer
of the Letter of Credit in failing to honor a drawing upon such Letter of Credit in a timely manner. 
 (e) Replacement.
If at any time (a) the financial institution that provided the Letter of Credit is either (i) closed by the FDIC or any other governmental authority, or (ii) declared insolvent by the FDIC for any reason, or (b) Landlord
reasonably believes that such financial institution will either be (y) closed by the FDIC or any governmental authority, or (z) declared insolvent by the FDIC for any reason, Tenant shall, within five (5) business days after either
the occurrence of such closure or declaration of insolvency or notice from Landlord that Landlord reasonably believes that such financial institution will close or be declared insolvent, either (1) provide Landlord a replacement Letter of
Credit satisfying all of the terms of this paragraph, or (2) post a cash security deposit in the LC Amount with Landlord, failing which a default shall be deemed to have occurred as of the end of such five (5) business day period. 

(f) Reduction. Provided Tenant has not been in default of the Lease beyond any applicable notice and cure period and
achieves profitability as determined by GAAP accounting methods (as demonstrated in writing to the reasonable satisfaction of Landlord), upon fifteen (15) days’ advance written notice from Tenant to Landlord, by Tenant, the LC Amount shall
be reduced to One Million Six Hundred Twenty-Four Thousand Seven Hundred Nine Dollars ($1,624,709.00) after the forty-eighth (48th) month of the Term and reduced further to One Million Fifteen Thousand Four Hundred Forty Dollars ($1,015,440.00)
after the sixty-first (61st) month of the Term. In either case, the reduction in the Letter of Credit will not take place if Landlord gives notice to the issuing bank not to make the reduction no later than ten (10) days before the reduction is
to take place. Thereafter, Landlord shall retain said ($1,015,440.00) as a Letter of Credit for the remainder of the Lease Term. 
 8.
POSSESSION 
 (a) Tenant’s Right of Possession. Subject to Paragraph 8(b), Tenant shall be
entitled to possession of the Premises upon commencement of the Term. 

  
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 (b) Delay in Delivering Possession. If for any reason whatsoever,
Landlord cannot deliver possession of the Premises to Tenant on or before the Estimated Commencement Date, this Lease shall not be void or voidable except as expressly provided in Paragraph 3 above, and neither Landlord nor Landlord’s agents,
advisors, employees, partners, members, shareholders, directors, invitees, independent contractors (collectively, the “Landlord Parties”), shall be liable to Tenant for any loss or damage resulting therefrom. Tenant shall not be
liable for Rent until Landlord delivers possession of the Premises to Tenant. The Expiration Date shall be extended by the same number of days that Tenant’s possession of the Premises was delayed beyond the Estimated Commencement Date. 

9. USE OF PREMISES 

(a) Permitted Use. During the Term, subject to the terms of this Lease and subject to any emergencies, Tenant shall have
the right to access the Premises 24 hours per day, 365 days per year. The use of the Premises by Tenant and Tenant’s agents, advisors, employees, partners, shareholders, directors, customers, invitees and independent contractors, including, but
not limited to Tenant’s Contractors (as defined in the Work Letter) (collectively, the “Tenant Parties”) shall be solely for the Permitted Use specified in the Basic Lease Information and for no other use. Tenant shall not
permit any objectionable or unpleasant odor, smoke, dust, gas, noise or vibration to emanate from or near the Premises. The Premises shall not be used to create any nuisance or trespass, for any illegal purpose under local, state or federal law, for
any purpose not permitted by Laws (as hereinafter defined), for any purpose that would invalidate the insurance or increase the premiums for insurance on the Premises, the Building or the Project or for any purpose or in any manner that would
interfere with other residents’ use or occupancy of the property in the vicinity of the Project. Tenant agrees to pay to Landlord, as Additional Rent, any increases in premiums on policies resulting from Tenant’s Permitted Use or any other
use or action by Tenant or Tenant Parties which increases Landlord’s premiums or requires additional coverage by Landlord to insure the Premises. Tenant acknowledges receipt of the load specifications for the raised floor system for the
Premises and agrees not to overload the floor(s) of the Building. 
 (b) Compliance with Governmental Regulations and Private
Restrictions. Tenant and Tenant Parties shall, at Tenant’s expense, faithfully observe and comply with (i) all municipal, state and federal laws, statutes, codes, rules, regulations, ordinances, requirements, and orders
including, without limitation, the International Building Code, as each of the same may be amended from time to time (collectively, “Laws”), now in force or which may hereafter be in force pertaining to the Premises or Tenant’s
use of the Premises, the Building or the Project; (ii) all recorded covenants, conditions and restrictions affecting the Project (“Private Restrictions”) now in force, provided that Landlord provides, upon Landlord’s
execution of this Lease, copies of the documents evidencing such Private Restrictions to Tenant; or which may hereafter be in force; and (iii) the Rules and Regulations (as defined in Paragraph 42 below). The judgment of any court of competent
jurisdiction, or the admission of Tenant in any action or proceeding against Tenant, whether Landlord be a party thereto or not, that Tenant has violated any Laws or Private Restrictions, shall be conclusive of that fact as between Landlord and
Tenant. 

  
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 (c) Civil Code Section 1938 Disclosure.
To Landlord’s actual knowledge, the property being leased or rented pursuant to this Lease has not undergone inspection by a Certified Access Specialist (CASp). The foregoing verification is included in this Lease solely for the purpose of
complying with California Civil Code Section 1938 and shall not in any manner affect Landlord’s and Tenant’s respective responsibilities for compliance with construction-related accessibility standards as provided herein. 

(d) Waste, Nuisance. Without limiting the generality of the other provisions of this Article, Tenant shall not cause,
maintain, or allow any waste or nuisance in, on or about the Premises; permit on the Premises a substance or material which presents a fire, explosion or other hazard; permit noise or odors in the Premises which are objected to by Landlord, or allow
noise, vibrations or odors to carry outside the Premises; receive, deliver or remove merchandise, supplies or equipment, or remove or store refuse, other than in areas approved in advance in writing by Landlord; use the Premises or permit anything
to be done in, on, or about the Premises which will in any way conflict with any Laws, whether local, state or federal, now in force or which may hereafter be enacted or promulgated. 

(e) Mold Prevention Practices. Because mold spores are present essentially everywhere and mold can grow in almost any
moist location, Tenant acknowledges the necessity of adopting and enforcing good housekeeping practices, ventilation and vigilant moisture control within the Premises (particularly in and around kitchen areas, janitorial closets, bathrooms, water
fountains and other plumbing facilities and fixtures, break rooms, outside walls, doors, and windows, and in and around HVAC systems and associated drains) for the prevention of mold (such measures, “Mold Prevention Practices”).
Tenant will, at its sole cost and expense, keep and maintain the Premises in good order and condition in accordance with the Mold Prevention Practices and acknowledges that the control of moisture, and prevention of mold within the Premises, are
integral to its obligations under this Lease. Tenant, at its sole cost and expense, shall: 
 (i) Regularly monitor the Premises for the
presence of mold and any conditions that reasonably can be expected to give rise to or be attributed to mold or fungus including, but not limited to, observed or suspected instances of water damage, condensation, seepage, leaks or any other water
collection or penetration (from any source, internal or external), mold growth, mildew, repeated complaints of respiratory ailments or eye irritation by Tenant’s employees or any other occupants of the Premises, or any notice from a
governmental agency of complaints regarding the indoor air quality at the Premises (the “Mold Conditions”); and 
 (ii)
Promptly notify Landlord in writing if it observes, suspects, has reason to believe mold or Mold Conditions in, at, or about the Premises or a surrounding area. In the event of suspected mold or Mold Conditions in, at, or about the Premises and
surrounding areas, Landlord may cause an inspection of the Premises to be conducted, during such time as Landlord may designate, to determine if mold or Mold Conditions are present in, at, or about the Premises. Such inspection will be at
Landlord’s sole expense, unless a Mold Condition is discovered. 
 (iii) Tenant hereby releases and relieves Landlord from any and all
liability for bodily injury and damage to property, waives any and all claims against Landlord and assumes all risk of personal injury and property damage related to or allegedly caused by or associated with any mold or Mold Conditions in or on the
Premises existing on the Commencement Date or arising thereafter. 

  
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 (f) Roof Access. Subject to Landlord’s right to access set forth
in Paragraph Error! Reference source not found., Tenant shall have access to the roof of the Building at all times. 
 (g)
Roof Top Equipment. Tenant, at its sole cost and expense, shall have the right to install, maintain, and from time to time replace one or more satellites dishes or other equipment (the “Roof Top Equipment”) on
the roof of the Building, provided that prior to commencing any installation or maintenance, Tenant shall (i) obtain Landlord’s prior approval of the proposed size, weight and location of the Roof Top Equipment and method for fastening all
such equipment to the roof, which approval shall not be unreasonably withheld (ii) such installation and/or replacement shall comply strictly with all Laws and the conditions of any bond or warranty maintained by Landlord on the roof, and
(iii) obtain, at Tenant’s sole cost and expense, any necessary federal, state, and municipal permits, licenses and approvals, and deliver copies thereof to Landlord. Landlord may supervise or perform any roof penetration related to the
installation of all Roof Top Equipment, and Landlord may charge the cost thereof to Tenant. Tenant agrees that all installation, construction and maintenance shall be performed in a neat, responsible, and workmanlike manner, using generally
acceptable construction standards, consistent with such reasonable requirements as shall be imposed by Landlord. Tenant further agrees to label each cable or wire placed by Tenant in the telecommunications pathways of the Building, with
identification information as reasonably required by Landlord. Tenant shall repair any damage to the Building caused by Tenant’s installation, maintenance, replacement, use or removal of the Roof Top Equipment. The Roof Top Equipment shall
remain the property of Tenant, and Tenant may remove the Roof Top Equipment at its cost at any time during the Term. Tenant shall remove the Roof Top Equipment at Tenant’s cost and expense upon the expiration or termination of this Lease.
Landlord makes no warranty or representation that the Building or any portions thereof are suitable for the use any Roof Top Equipment, it being assumed that Tenant has satisfied itself thereof. Tenant shall protect, defend, indemnify and hold
harmless Landlord and Landlord’s Agents from and against claims, damages, liabilities, costs and expenses of every kind and nature, including reasonable attorneys’ fees, incurred by or asserted against Landlord arising out of Tenant’s
installation, maintenance, replacement, use or removal of the Roof Top Equipment. 
 10. ACCEPTANCE OF
PREMISES 
 By its execution hereof, Tenant acknowledges that it had the opportunity to fully inspect the Premises. By
accepting Landlord’s delivery of the Premises, Tenant accepts the Premises as suitable for Tenant’s intended use and as being in good and sanitary operating order, condition and repair, AS IS, and without
representation or warranty by Landlord as to the condition, use or occupancy which may be made thereof, subject only to completion of the Base Building Work as provided in Exhibit B. Any exceptions to
the foregoing must be by written agreement executed by Landlord and Tenant. 

  
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 11. SURRENDER 

Tenant agrees that on the last day of the Term, or on the sooner termination of this Lease, Tenant shall surrender the premises to Landlord
(a) in good condition and repair (damage by acts of God, fire, and normal wear and tear excepted), and (b) otherwise in accordance with Paragraph 33(b)(iii). Normal wear and tear shall not include any damage or deterioration that would
have been prevented by proper maintenance by Tenant or Tenant otherwise performing all of its obligations under this Lease. On or before the expiration or sooner termination of this Lease, (i) Tenant shall remove all of Tenant’s Property
(as hereinafter defined) and Tenant’s signage from the Premises, the Building and the Project and repair, patch, repair and repaint to match any damage any damage caused by such removal, and (ii) Landlord may, by notice to Tenant given not
later than ninety (90) days prior to the Expiration Date (except in the event of a termination of this Lease prior to the scheduled Expiration Date, in which event no advance notice shall be required), require Tenant at Tenant’s expense to
remove any or all Alterations (but not any of the initial Tenant Improvements) and to repair any damage caused by such removal. Notwithstanding the foregoing, Landlord shall notify Tenant, at the time of Landlord’s consent, which Alterations
shall be removed. Any of Tenant’s Property not so removed by Tenant as required herein shall be deemed abandoned and may be stored, removed, and disposed of by Landlord at Tenant’s expense, and Tenant waives all claims against Landlord for
any damages resulting from Landlord’s retention and disposition of such property; provided, however, that Tenant shall remain liable to Landlord for all costs incurred in storing and disposing of such abandoned property of Tenant. All Tenant
Improvements and Alterations except those which Landlord requires Tenant to remove shall remain in the Premises as the property of Landlord. 
 12.
ALTERATIONS AND ADDITIONS 
 (a) In General. Tenant shall not make, or
permit to be made, any alteration, addition or improvement (hereinafter referred to individually as an “Alteration” and collectively as the “Alterations”) to the Premises or any part thereof without the prior
written consent of Landlord, which consent shall not be unreasonably withheld; provided, however, that Landlord shall have the right in its sole and absolute discretion to consent or to withhold its consent to any Alteration which affects the
structural portions of the Premises, the Building or the Project or the Systems serving the Premises. Notwithstanding the foregoing, Tenant may make any Alterations, without Landlord’s consent (but with written notice prior to commencement and
with evidence of payment in a lien-free manner to be provided upon completion), that do not affect any structural portions of the Premises, the Building or the Project or the Systems serving the Premises, that are decorative or cosmetic in nature,
and which have an aggregate cost that does not exceed $75,000.00 in any six (6) month period. Except to the extent approved in advance by Landlord in writing and subject to conformance with all San Francisco Planning and Building Department
requirements, in no event shall any work or Alteration by Tenant alter the exterior appearance of the Building or disrupt any ground or soil within the Project. 

(b) Requirements. Any Alteration to the Premises shall be at Tenant’s sole cost and expense, in compliance with all
applicable Laws and codes (including the International Building Code and code work applicable to the Base Building Work), and all requirements requested by Landlord, including, without limitation, the requirements of any insurer providing coverage
for 

  
 15 

 
the Premises or the Project or any part thereof, and in accordance with plans and specifications approved in, writing by Landlord, and shall be constructed and installed by a contractor approved
in writing by Landlord, which approval shall not be unreasonably withheld. In connection with any Alteration, Tenant shall deliver plans and specifications therefor to Landlord. As a further condition to giving consent, with respect to any project
with an anticipated cost in excess of Two Hundred Fifty Thousand Dollars ($250,000.00), Landlord may require Tenant to provide Landlord, at Tenant’s sole cost and expense, a payment and performance bond in form acceptable to Landlord, in a
principal amount not less than the estimated costs of such Alterations, to ensure Landlord against any liability for mechanics’ and materialmen’s liens and to ensure completion of work. Before Alterations may begin, valid building permits
or other required approvals, permits or licenses must be furnished to Landlord, and, once the Alterations begin, Tenant will diligently and continuously pursue their completion. Landlord may monitor construction of the Alterations and Tenant shall
reimburse Landlord for its reasonable costs (including, without limitation, the costs of any construction manager retained by Landlord) in reviewing plans and documents and in monitoring construction, and shall pay a logistical coordination fee to
Landlord in an amount equal to five percent (5%) of the total costs of any Alterations upon completion of the same (except that such fee shall not be applicable to the Tenant Improvements made by Tenant in order to prepare the Premises for initial
occupancy by Tenant). Tenant shall maintain during the course of construction, at its sole cost and expense, builders’ risk insurance for the amount of the completed value of the Alterations on an
all-risk non-reporting form covering all improvements under construction, including building materials, and other insurance in amounts and against such risks as Landlord
shall reasonably require in connection with the Alterations. In addition to and without limitation on the generality of the foregoing, Tenant shall ensure that its contractors procure and maintain in full force and effect during the course of
construction a “broad form” commercial general liability policy of insurance, including bodily injury and property damage liability, naming Landlord, Tenant, any property manager designated by Landlord and Landlord’s lenders as
additional insureds. The minimum limit of coverage of the aforesaid policy shall be in the amount of not less than Three Million Dollars ($3,000,000.00) each occurrence not less than Three Million Dollars ($3,000,000.00) in the aggregate. Such
policy shall contain a severability of interest clause or a cross liability endorsement. Such policies of insurance shall be issued as primary policies and not contributing with or in excess of coverage that Landlord may carry, by an insurance
company authorized to do business in the state in which the Premises are located for the issuance of such type of insurance coverage and rated A-:VIII or better in Best’s Key Rating Guide. Such
requirements are in addition to Tenant’s insurance obligations set forth in Article 14 below. 
 (c) Landlord’s
Property. All Alterations, including, but not limited to, heating, lighting, electrical, air conditioning, fixed partitioning, drapery, wall covering and paneling, built-in cabinet work and
carpeting installations made by Tenant, together with all property that has become an integral part of the Premises or the Building, shall at once be and become the property of Landlord, and shall not be deemed Tenant’s Property. 

(d) Cable Installation. Except to the extent included in the initial Tenant Improvements, no private telephone systems
and/or other related computer or telecommunications equipment or lines may be installed without Landlord’s prior written consent, which consent shall not be unreasonably withheld. If Landlord gives such consent, all equipment must be installed
within the Premises and, at the request of Landlord made at any time at least thirty (30) days prior to the expiration of the Term, removed upon the expiration or sooner termination of this Lease and the Premises restored to the same condition
as before such installation. 

  
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 (e) Heat Producing Equipment. Notwithstanding anything herein to the
contrary, before installing any equipment or lights which generate an undue amount of heat in the Premises, or if Tenant plans to use any high-power usage equipment in the Premises, Tenant shall obtain the written permission of Landlord, which
permission shall not be unreasonably withheld. Landlord may refuse to grant such permission unless Tenant agrees to pay the costs to Landlord for installation of supplementary air conditioning capacity or electrical systems necessitated by such
equipment. 
 (f) Notice. Tenant agrees not to proceed to make any Alterations, notwithstanding consent from Landlord
to do so, until Tenant notifies Landlord in writing of the date Tenant desires to commence construction or installation of such Alterations and Landlord has approved such date in writing, in order that Landlord may post appropriate notices to avoid
any liability to contractors or material suppliers for payment for Tenant’s improvements. Tenant will at all times permit such notices to be posted and to remain posted until the completion of work. 

(g) No Liens. Tenant shall not, at any time prior to or during the Term, directly or indirectly employ, or permit the
employment of, any contractor, mechanic or laborer in the Premises, whether in connection with any Alteration or otherwise, if it is reasonably foreseeable that such employment will materially interfere or cause any material conflict with other
contractors, mechanics, or laborers engaged in the construction, maintenance or operation of the Project by Landlord, Tenant or others. In the event of any such interference or conflict, Tenant, upon demand of Landlord, shall cause all contractors,
mechanics or laborers causing such interference or conflict to leave the Project promptly. 
 13. MAINTENANCE AND
REPAIRS OF PREMISES 
 (a) Maintenance by Tenant. Throughout the Term,
Tenant shall, at its sole expense, subject to Landlord’s obligations as set forth in Paragraphs 13(b) hereof, (i) keep and maintain in good order and condition the interior and exterior of the Building, including, but not limited to, the
roof covering, lighting and Systems, and Tenant’s Property, (ii) keep and maintain in good order and condition, repair and replace all of Tenant’s security systems in or about or serving the Premises, (iii) maintain and replace
all specialty lamps, bulbs, starters and ballasts, and (iv) keep and maintenance in good order and condition the exterior of the Premises, including the roof covering, pavement, sidewalks, landscaping, sprinkler system, sidewalks, driveways,
curbs, lighting, and exterior of the Building, including, but not limited to , by repairing and painting over any vandalism and any defacement of Building; and (v) to the extent of any damage caused by Tenant, the roof membrane, structural
portions of interior and exterior walls, and window repairs. Tenant shall not do nor shall Tenant allow Tenant Parties to do anything to cause any damage, deterioration or unsightliness to the Premises, the Building or the Project. In connection
with the foregoing Tenant shall (i) cause the fire alarm systems serving the Premises to be monitored by a monitoring or protective services firm reasonably approved by Landlord in writing; (ii) procure annual maintenance contracts for the
HVAC system and elevators and implement any maintenance recommendations of the service providers under such annual maintenance contracts, (iv) engage licensed pest control service providers to service the Building

  
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on a reasonable basis; and (iv) cause annual roof inspections to be performed by a licensed roofing contractor selected by Tenant, and shall implement any maintenance recommendations of such
roofing contractor. All such contractors and providers shall be reasonably acceptable to Landlord and Tenant shall provide Landlord with copies of all such contracts and related reports and correspondence. 

(b) Maintenance by Landlord. 

(i) Subject to the provisions of Paragraphs 13(a), 21 and 22, Landlord, at its own cost and expense, agrees to: (1) repair and maintain
the structural portions of the roof (specifically excluding the roof coverings), the foundation, the footings, the floor slab, and the load bearing walls and exterior walls of the Building (excluding any glass and any routine maintenance, including,
without limitation, any painting, sealing, patching and waterproofing of such walls); (2) repair or replace the Base Building due to latent defects in the initial construction of the Building for which Tenant is not liable under this Lease;
(3) perform warranty repairs of any defects in Base Building Work; (4) perform normal capital level repairs and replacement of major Systems such as roof membrane, Base Building HVAC, plumbing and electrical (and major components of same)
unless such capital level replacement costs are due to damages caused by Tenant or accelerated Systems deterioration due to Tenant’s management and operations of such Systems. 

(c) Capital Replacement of Base Building and Building Systems. Notwithstanding the provisions of Section 13(a)
above, to the extent that the Base Building or Building Systems that Tenant would otherwise be required to maintain require replacement that would be considered a capital expense item under “Generally Accepted Accounting Principles”
(“GAAP”), Tenant shall notify Landlord in writing. Upon confirmation of the need for such replacement, Landlord shall perform the necessary replacement (collectively, the “Amortized Landlord Replacements”). The cost
of the Amortized Landlord Replacement shall include the cost of compliance with any Applicable Laws in connection with the completion of such replacement. The cost of each Amortized Landlord Replacement shall be amortized from the date of
substantial completion of the Amortized Landlord Replacement over the useful life of each such Amortized Landlord Replacement, as determined in accordance with GAAP (the “Useful Life”), together with interest at eight percent (8%)
per annum, in equal monthly installments. Upon written notice from Landlord of the date of substantial completion of each Amortized Landlord Replacement and the amount of the monthly installments, Tenant shall pay on the first (1st) day of the
calendar month that is thirty (30) days after such written notice is given and on the first (1st) day of each subsequent month during the Useful Life of such Amortized Landlord Replacement during the then Term and for any Extension Term, the
amount of such equal monthly installment, which shall be in addition to the Base Rent. The first (1st) payment by Tenant shall include the monthly payment(s), if any, in the amortization period to, but not including, the due date for the first (1st)
payment by Tenant. 
 (d) Additional Rent Payable by Tenant. Expenses incurred by Landlord for the following items
shall be paid by Tenant as Additional Rent within thirty (30) days after demand: 
 (i) Capital improvements to the Building required by
government agencies not “triggered” by Tenant’s particular use or any Tenant Improvements or Alterations performed by or for Tenant, but only to the extent of the capital improvements annual cost as amortized over the useful life of
the capital improvement in accordance with generally accepted accounting principles. 

  
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 (ii) Capital improvements to the Building required by government agencies and
“triggered” by Tenant’s particular use or any Tenant Improvements or Alterations performed by or for Tenant other than the initial Tenant Improvements. 

(iii) Increases in Landlord’s insurance over the Base Year. 

(iv) Increases in Property Tax over Base Year and any future public bond assessments. Tenant shall not be exempt from any Property Tax
reassessment during the Lease Term or extensions thereof. 
 (v) Amortized Landlord Replacements, as provided in Section 13(c) above.

 Notwithstanding anything in this Paragraph 13 to the contrary, Landlord shall have the right to either repair or to require Tenant to
repair any damage to any portion of the Premises, the Building and/or the Project caused by or created due to any act, omission, negligence or willful misconduct of Tenant or Tenant Parties and to restore the Premises, the Building and/or the
Project, as applicable, to the condition existing prior to the occurrence of such damage; provided, however, that in the event Landlord elects to perform such repair and restoration work, Tenant shall reimburse Landlord upon demand for all costs and
expenses incurred by Landlord in connection therewith. Landlord’s obligation hereunder to repair and maintain is subject to the condition precedent that Landlord shall have received written notice of the need for such repairs and maintenance
and a reasonable time to perform such repair and maintenance. Tenant shall promptly report in writing to Landlord any defective condition known to it which Landlord is required to repair, and failure to so report such defects shall make Tenant
responsible to Landlord for any liability incurred by Landlord by reason of such condition. 
 (e) Tenant’s Waiver of
Rights. Tenant hereby expressly waives all rights to make repairs at the expense of Landlord or to terminate this Lease, as provided for in California Civil Code Sections 1941 and 1942, and 1932(1), respectively, and any similar or
successor statute or law in effect or any amendment thereof during the Term. 
 14. LANDLORD’S
INSURANCE 
 Landlord shall purchase and keep in force (a) commercial general liability insurance policies in an
amount not less than One Million Dollars ($1,000,000.00) per occurrence and Three Million Dollars ($3,000,000.00) aggregate, including bodily injury, products and completed operations coverage, and not less than Two Million Dollars ($2,000,000.00)
in excess liability coverage, (b) fire, extended coverage and “all risk” insurance covering the Building and the Project in amounts not less than the full insurance replacement value, and (c) at Landlord’s option, earthquake
and flood insurance with customary limits and deductibles. Tenant shall, at its sole cost and expense, comply with any and all reasonable requirements pertaining to the Premises, the Building and the Project of any insurer necessary for the
maintenance of reasonable fire and commercial general liability insurance, covering the Building and the Project. Landlord may maintain “Loss of Rents” insurance, insuring that the Rent will be paid in a timely manner to Landlord for a
period of at least twelve (12) months if the Premises, the Building or the Project or any portion thereof are destroyed or rendered unusable or inaccessible by any cause insured against under this Lease. 

  
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 15. TENANT’S INSURANCE 

(a) Commercial General Liability Insurance. Tenant shall, at Tenant’s expense, maintain in full force and effect
during the Term of this Lease, commercial general liability insurance, including bodily injury, property damage, products, completed operations and contractual liability covering Tenant’s operations and activities at the Premises, insuring
Tenant, and naming Landlord, and Landlord’s lenders as additional insureds (collectively, “Landlord’s Insureds”). The minimum limit of coverage of such policy shall be in the amount of not less than Three
Million Dollars ($3,000,000.00) each occurrence and in the amount of not less than Five Million Dollars ($5,000,000.00) in the aggregate, for bodily injury, personal injury, death, contractual liability (which shall include coverage for
Tenant’s indemnification obligations in this Lease), products/completed operations liability, business interruption insurance, and property damage. Coverage shall contain a severability of interest clause or a cross liability endorsement. 

(b) Property Insurance. Tenant shall, at Tenant’s expense, maintain in full force and effect during the Term of this
Lease, All-Risk insurance with valuation basis for the full replacement cost, providing coverage for all of Tenant’s personal property, furniture, furnishings, trade fixtures and equipment (including
cabling) at the Premises (collectively, “Tenant’s Property”) as well as any Alterations, Tenant Improvements constructed pursuant to Exhibit B, if any, and any other improvements constructed by
Tenant. During the term of this Lease the proceeds from any such policy or policies of insurance shall be used for the repair or replacement of the property so insured. Landlord will not carry insurance on any of Tenant’s possessions. 

(c) Worker’s Compensation Insurance; Employer’s Liability Insurance. Tenant shall, at Tenant’s expense,
maintain in full force and effect during the Term of this Lease, worker’s compensation insurance with not less than the minimum limits required by law, and employer’s liability insurance with a minimum limit of coverage of One Million
Dollars ($1,000,000.00). 
 (d) Automobile Liability. Tenant shall, at Tenant’s expense, maintain in full force
and effect during the Term of this Lease, Commercial Automobile Liability insurance providing coverage for any Tenant-Owned Autos, Non-Owned and Hired Autos and used in the conduct of its business. Such policy
shall be in the amount of no less than One Million Dollars ($1,000,000.00) Combined Single Limit. 
 (e) Policy Requirements and
Evidence of Coverage. Landlord may from time to time require reasonable increases in the limits of any policy required hereunder if Landlord believes that such additional coverage is necessary or desirable. The limit of any insurance
shall not limit the liability of Tenant hereunder. No policy maintained by Tenant under this Paragraph 15 shall contain a deductible greater than Twenty-Five Thousand Dollars ($25,000.00). No policy shall be cancelable or subject to reduction of
coverage without thirty (30) days’ prior written notice to Landlord or 10 days for non-payment. Such policies of insurance shall be issued as primary policies and not contributing with or in excess
of coverage that Landlord may carry, by an 

  
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insurance company authorized to do business in the state in which the Premises are located for the issuance of such type of insurance coverage and rated
A-:VIII or better in Best’s Key Rating Guide. Tenant shall deliver to Landlord certificates of insurance and all endorsements required herein to be maintained by Tenant at the time of execution of this
Lease by Tenant. Tenant shall, at least fifteen (15) days prior to expiration of each policy, furnish Landlord with certificates of renewal thereof. 

16. INDEMNIFICATION 

Except to the extent caused by the gross negligence or willful misconduct of Landlord and the Landlord Parties, Tenant shall defend, protect,
indemnify and hold harmless Landlord and the Landlord Parties, against and from any and all claims, suits, liabilities, judgments, costs, demands, causes of action and expenses (including, without limitation, reasonable attorneys’ fees, costs
and disbursements) arising from (1) the use of, or any activity done, permitted or suffered in or about, the Premises (2) any activity done, permitted or suffered by Tenant or Tenant Parties in or about the Building or the Project, and
(3) any act, neglect, fault, willful misconduct or omission of Tenant or Tenant Parties, or from any breach or default in the terms of this Lease by Tenant or Tenant Parties, and (4) any action or proceeding brought on account of any
matter in items (1), (2) or (3). If any action or proceeding is brought against Landlord by reason of any such claim, upon notice from Landlord, Tenant shall defend the same at Tenant’s expense by counsel reasonably satisfactory to Landlord. As
a material part of the consideration to Landlord, Tenant hereby releases Landlord and the Landlord Parties from responsibility for, waives its entire claim of recovery for and assumes all risk of (i) damage to property or injury to persons in
or about the Premises, the Building or the Project from any cause whatsoever (except to the extent is caused by the gross negligence or willful misconduct of Landlord or the Landlord Parties), or (ii) loss resulting from business interruption
or loss of income at the Premises. The obligations of Tenant under this Paragraph 16 shall survive any termination of this Lease. The foregoing indemnity shall not relieve any insurance carrier of its obligations under any policies required to be
carried by either party pursuant to this Lease, to the extent that such policies cover the peril or occurrence that results in the claim that is subject to the foregoing indemnity. 

17. SUBROGATION 
 Landlord
and Tenant hereby mutually waive any claim against the other and the Landlord Parties or Tenant Parties, as applicable, for any loss or damage to any of their property located on or about the Premises, the Building or the Project that is caused by
or results from perils covered by property insurance carried by the respective parties (or that would have been so covered if the waiving party had carried the insurance required hereunder), to the extent of the proceeds of such insurance actually
received with respect to such loss or damage, whether or not due to the negligence of the other party or its Agents. Because the foregoing waivers will preclude the assignment of any claim by way of subrogation to an insurance company or any other
person, each party shall immediately notify its insurer, if required by such insurer, in writing, of the terms of these mutual waivers and have their insurance policies endorsed, if necessary, to prevent the invalidation of the insurance coverage
because of these waivers. Nothing in this Paragraph 17 shall relieve a party of liability to the other for failure to carry insurance required by this Lease. 

  
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 18. SIGNS 

Subject to Landlord’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Tenant, at
Tenant’s sole cost and expense, subject to all applicable Laws and Tenant’s receipt of all permits and approvals, shall have the exclusive right to install building signs on the Building in locations and size(s) that shall be in accordance
all Applicable Laws. Landlord, at no cost or expense to Landlord, shall cooperate with Tenant in securing permits, variances and all other necessary approvals to install exterior signage on the Building, including signage that may not be permitted
as of the Commencement Date but which is requested by Tenant and reasonably acceptable to Landlord. 
 During the Term, Tenant, at
Tenant’s sole cost and expense, shall install and maintain all such signage in good repair. Tenant shall remove any sign, advertisement or notice placed on the Premises, the Building or the Project by Tenant upon the expiration of the Term or
sooner termination of this Lease, and Tenant shall repair, patch and repaint to match any damage or injury to the Premises, the Building or the Project caused thereby, all at Tenant’s expense. If any signs are not removed, or necessary repairs
not made, Landlord shall have the right to remove the signs and repair any damage or injury to the Premises, the Building or the Project at Tenant’s sole cost and expense. 

19. FREE FROM LIENS 

Tenant shall keep the Premises, free from any liens arising out of any work performed, material furnished or obligations incurred by or for
Tenant. In the event that Tenant shall not, within ten (10) days following the imposition of any such lien, cause the lien to be released of record by payment or posting of a proper bond, Landlord shall have in addition to all other remedies
provided herein and by law the right but not the obligation to cause same to be released by such means as it shall deem proper, including payment of the claim giving rise to such lien. All such sums paid by Landlord and all expenses incurred by it
in connection therewith (including, without limitation, reasonable attorneys’ fees) shall be payable to Landlord by Tenant upon demand. Landlord shall have the right at all times to post and keep posted on the Premises any notices permitted or
required by law or that Landlord shall deem proper for the protection of Landlord, the Premises, from mechanics’ and materialmen’s liens. Tenant shall give to Landlord at least five (5) business days’ prior written notice of
commencement of any repair or construction on the Premises with a cost in excess of Fifty Thousand Dollars ($50,000.00). 
 20. ENTRY
BY LANDLORD 
 (a) In General. Tenant shall permit the Landlord and the Landlord
Parties to enter into and upon the Premises at all reasonable times, upon reasonable notice of not less than 24 hours (except in the case of an emergency, for which no notice shall be required), and subject to Tenant’s reasonable security
arrangements, for the purpose of inspecting the same or showing the Premises to prospective purchasers or lenders or to provide services, alter, improve, maintain and repair the Premises or the Building as required or permitted of Landlord under the
terms hereof, or for any other business purpose, without any rebate of Rent and without any liability to Tenant for any loss of occupation or quiet enjoyment of the Premises thereby occasioned (except for actual damages resulting from the sole
active gross negligence or willful misconduct of 

  
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Landlord); Tenant shall permit Landlord to post notices of non-responsibility and ordinary “for sale” or “for lease” signs. No such
entry shall be construed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an eviction or constructive eviction of Tenant from the Premises. Landlord may temporarily close entrances, doors, elevators or other facilities
without liability to Tenant by reason of such closure in the case of an emergency and when Landlord otherwise reasonably deems such closure necessary. 

21. DESTRUCTION AND DAMAGE 

(a) If the Project or the Premises are damaged by fire or other perils covered by extended coverage insurance, Tenant shall give Landlord
prompt notice thereof. Landlord shall provide notice of its estimated time to restore the Premises within ninety (90) days after such notice. 

(i) In the event of Major Damage or Destruction that Landlord estimates will take in excess of two hundred seventy days to repair, either
Landlord or Tenant may elect to terminate this Lease by written notice to the other party given within thirty (30) days after the date of Landlord’s notice of the estimated time to restore, in which case this Lease shall be deemed to have
terminated as of the Casualty Discovery Date. As used herein “Major Damage or Destruction” shall mean damage or destruction of all or of any portion of the improvements constructed by Landlord on the Project, if the hard costs of
restoring such portion of the improvements will exceed twenty-five percent (25%) of the hard cost of replacing all such improvements in their entirety. To the extent neither party terminates this Lease, Landlord shall commence promptly to repair and
restore the Premises and prosecute the same diligently to completion, and the Lease shall remain in full force and effect. 
 (ii) In the
event of damage other than Major Damage or Destruction for which Landlord will receive insurance proceeds sufficient to cover the costs to repair and restore such damage plus deductibles, and, if the damage may be substantially repaired or restored
to its condition existing immediately prior to such damage or destruction within two hundred seventy (270) days from the Casualty Discovery Date, then subject to applicable Laws, Landlord shall commence and proceed diligently with the work of
repair and restoration, in which event this Lease shall continue in full force and effect. If such repair and restoration requires longer than two hundred seventy (270) days or if the insurance proceeds therefor (plus any amounts Tenant may
elect or is obligated to contribute) are not sufficient to cover the cost of such repair and restoration plus deductibles, Landlord may elect either to so repair and restore, in which event this Lease shall continue in full force and effect, or not
to repair or restore, in which event this Lease shall terminate. In either case, Landlord shall give written notice to Tenant of its intention within ninety (90) days after the Casualty Discovery Date. If Landlord elects not to restore the
Premises, this Lease shall be deemed to have terminated as of the Casualty Discovery Date. 
 (iii) Notwithstanding anything to the contrary
contained in this Paragraph, in the event of damage to the Premises occurring during the last twelve (12) months of the Term, and the Building cannot be substantially used by Tenant and the damage cannot be repaired or restored within sixty
(60) days, either Landlord or Tenant may elect to terminate this Lease by written notice of such election given to the other, within thirty (30) days after the Casualty Discovery Date. 

  
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 (b) If the Premises are damaged by any peril not fully covered by insurance proceeds to be
received by Landlord (except for any amounts applicable to a deductible), and the cost to repair such damage exceeds $125,000 and any amount Tenant may agree to contribute, Landlord may elect either to commence promptly to repair and restore the
Premises and prosecute the same diligently to completion, in which event this Lease shall remain in full force and effect; or not to repair or restore the Premises, in which event this Lease shall terminate. Landlord shall give Tenant written notice
of its intention within one hundred eighty (180) days after the Casualty Discovery Date. If Landlord elects not to restore the Premises, this Lease shall be deemed to have terminated as of the date on which Tenant surrenders possession of the
Premises to Landlord, except that if the damage to the Premises materially impairs Tenant’s ability to continue its business operations in the Premises, then this Lease shall be deemed to have terminated as of the date such damage occurred.

 (c) Notwithstanding anything to the contrary in this Paragraph 21, Landlord shall have the option to terminate this Lease, exercisable by
notice to Tenant within sixty (60) days after the Casualty Discovery Date, in each of the following instances: 
 (i) If the Building or
any portion thereof is damaged or destroyed and the repair and restoration of such damage requires longer than two hundred seventy (270) days from the Casualty Discovery Date. 

(ii) If the Building or the Project or any portion thereof is damaged or destroyed and the insurance proceeds therefor (when added to any
deductible plus $125,000) are not sufficient to cover the costs of repair and restoration, regardless of whether or not the Premises is destroyed, unless the difference is covered by Tenant. 

(d) In the event of repair and restoration as herein provided, the monthly installments of Base Rent shall be abated proportionately in the
ratio which Tenant’s use of the Premises is impaired during the period of such repair or restoration; provided, however, that Tenant shall not be entitled to such abatement to the extent that any action or inaction of Tenant or Tenant Parties
resulted in the denial of rental interruption insurance, if any. Except as expressly provided in the immediately preceding sentence with respect to abatement of Base Rent, Tenant shall have no claim against Landlord for, and hereby releases Landlord
and the Landlord Parties from responsibility for and waives its entire claim of recovery for any cost, loss or expense suffered or incurred by Tenant as a result of any damage to or destruction of the Premises, the Building or the Project or the
repair or restoration thereof, including, without limitation, any cost, loss or expense resulting from any loss of use of the whole or any part of the Premises, the Building or the Project and/or any inconvenience or annoyance occasioned by such
damage, repair or restoration. 
 (e) If Landlord is obligated to or elects to repair or restore as herein provided, Landlord shall repair
or restore the Premises substantially to their condition existing as of the Commencement Date; and Tenant shall promptly repair and restore, at Tenant’s expense, the Tenant Improvements and any Alterations. 

(f) Tenant hereby waives the provisions of California Civil Code Section 1932(2) and Section 1933(4) which permit termination of a
lease upon destruction of the leased premises, and the provisions of any similar law now or hereinafter in effect, and the provisions of this Paragraph 21 shall govern exclusively in case of such destruction. 

  
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 22. CONDEMNATION 

(a) If the whole or any material part of the Premises, the Building, the Project is permanently taken for any public or quasi-public purpose by
any lawful governmental power or authority, by exercise of the right of appropriation, inverse condemnation, condemnation or eminent domain, or sold to prevent such taking (each such event being referred to as a “Condemnation”), and
(i) such Condemnation renders the Premises, the Building, the Project unsuitable, in Landlord’s reasonable opinion, for the purposes for which they were constructed; or (ii) the Premises, the Building, the Project cannot be repaired,
restored or replaced at a reasonable expense to an economically profitable unit, then Landlord may, at its option, terminate this Lease as of the date title vests in the condemning party. If twenty-five percent (25%) or more of the Premises is taken
and if the Premises remaining after such Condemnation and any repairs by Landlord would be untenantable (in Landlord’s reasonable opinion) for the conduct of Tenant’s business operations, Tenant shall have the right to terminate this Lease
as of the date title vests in the condemning party. If either party elects to terminate this Lease as provided herein, such election shall be made by written notice to the other party given within ninety (90) days after the nature and extent of
such Condemnation have been finally determined. If neither Landlord nor Tenant elects to terminate this Lease to the extent permitted above, Landlord shall promptly proceed to restore the Premises, to the extent of any Condemnation award received by
Landlord, to substantially the same condition as existed prior to such Condemnation, allowing for the reasonable effects of such Condemnation, and a proportionate abatement shall be made to the Base Rent corresponding to the time during which, and
to the portion of the floor area of the Premises (adjusted for any increase thereto resulting from any reconstruction) of which, Tenant is deprived on account of such Condemnation and restoration, as reasonably determined by Landlord. Except as
expressly provided in the immediately preceding sentence with respect to abatement of Base Rent, Tenant shall have no claim against Landlord for, and hereby releases Landlord and the Landlord Parties from responsibility for and waives its entire
claim of recovery for any cost, loss or expense suffered or incurred by Tenant as a result of any Condemnation, whether permanent or temporary, or the repair or restoration of the Premises, the Building or the Project following such Condemnation,
including, without limitation, any cost, loss or expense resulting from any loss of use of the whole or any part of the Premises, the Building, the Project and/or any inconvenience or annoyance occasioned by such Condemnation, repair or restoration.
The provisions of California Code of Civil Procedure Section 1265.130, which allows either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Premises, the Building or the Project, and any other
applicable law now or hereafter enacted, are hereby waived by Tenant. 
 (b) Landlord shall be entitled to any and all compensation,
damages, income, rent, awards, or any interest therein whatsoever which may be paid or made in connection with any Condemnation, and Tenant shall have no claim against Landlord for the value of any unexpired term of this Lease or otherwise;
provided, however, that Tenant shall be entitled to receive any award separately allocated by the condemning authority to Tenant for Tenant’s relocation expenses or the value of Tenant’s Property (specifically excluding components of the
Premises which under this Lease or by law are or at the expiration of the Term will become the property of Landlord, including without limitation fixtures and Alterations), provided that such award does not reduce any award otherwise allocable or
payable to Landlord. 

  
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 23. ASSIGNMENT AND SUBLETTING 

(a) Tenant shall not voluntarily or by operation of law, (1) mortgage, pledge, hypothecate or encumber this Lease or any interest herein,
(2) assign or transfer this Lease or any interest herein, sublease the Premises or any part thereof, or any right or privilege appurtenant thereto, or allow any other person (the employees and invitees of Tenant excepted) to occupy or use the
Premises, or any portion thereof, without first obtaining the written consent of Landlord, which consent shall not be withheld unreasonably as set forth below in this Paragraph 23, provided that Tenant is not then in Default under this Lease nor is
any event then occurring which with the giving of notice or the passage of time, or both, would constitute a Default hereunder. Except in connection with an offering of shares to the public on a nationally recognized exchange, a transfer of greater
than a fifty percent (50%) interest (whether stock, partnership interest, membership interest or otherwise) of Tenant, either in one (1) transaction or a series of transactions shall be deemed to be an assignment under this Lease.
Notwithstanding anything to the contrary contained in Paragraph 23(a), Tenant may, subject to Landlord’s prior written consent, but without Landlord’s having any rights pursuant to clause (1) or (2) of Paragraph 23(b) below, and
without the payment of any amounts pursuant to this Paragraph 23, sublet the Premises or assign this Lease to a Tenant Affiliate, provided that (i) Tenant shall give not less than five (5) business days’ prior written notice thereof
to Landlord (to the extent such notice is permitted by applicable Law), (ii) Tenant shall continue to be fully obligated under this Lease, (iii) any such assignee or sublessee shall expressly assume and agree to perform all the terms and
conditions of this Lease to be performed by Tenant (but with respect to a sublease, only with respect to that portion of the Premises that is the subject of the sublease and excluding all rental obligations of Tenant hereunder), and (iv) such
Tenant Affiliate has a tangible net worth (determined in accordance with GAAP) equal to or greater than the tangible net worth of Tenant as of the date of the proposed assignment. As used herein, “Tenant Affiliate” means (A) an
entity controlling, controlled by or under common control with Tenant, (B) a successor entity related to Tenant by merger, consolidation, nonbankruptcy reorganization, or government action, or (C) a purchaser of all or substantially all of
Tenant’s assets located in the Premises; and a party shall be deemed to “control” another party for purposes of the definition contained in the aforesaid clause (A) only if the first party owns more than fifty percent (50%) of
the stock or other beneficial interests of the second party. In addition to the foregoing, any assignee of Tenant must have a tangible net worth (determined in accordance with GAAP) sufficient, in Landlord’s reasonable opinion, to enable it to
perform its obligations under the Lease. 
 (b) When Tenant requests Landlord’s consent to such assignment or subletting, it shall
notify Landlord in writing of the name and address of the proposed assignee or subtenant and the nature and character of the business of the proposed assignee or subtenant and shall provide current and three (3) years’ prior financial
statements for the proposed assignee or subtenant, which financial statements shall be audited (to the extent available) and shall in any event be prepared in accordance with generally accepted accounting principles. Tenant shall also provide
Landlord with a copy of the proposed sublease or assignment agreement, including all material terms and conditions thereof. Landlord shall have the option, to be exercised within fifteen (15) days of receipt of the foregoing, to
(1) terminate this Lease as of the commencement date stated 

  
 26 

 
in the proposed assignment or sublease if the sublease is for more than fifty percent (50%) of the Premises, (2) sublease or take an assignment, as the case may be, from Tenant of the
interest, or any portion thereof, in this Lease and/or the Premises that Tenant proposes to assign or sublease, on the same terms and conditions as stated in the proposed sublet or assignment agreement, (3) consent to the proposed assignment or
sublease, or (4) refuse its consent to the proposed assignment or sublease, provided that (A) such consent shall not be unreasonably withheld so long as Tenant is not then in Default under this Lease nor is any event then occurring which,
with the giving of notice or the passage of time, or both, would constitute a Default hereunder, and (B) as a condition to providing such consent, Landlord may require attornment from the proposed subtenant on terms and conditions acceptable to
Landlord. In the event Landlord elects to terminate this Lease or sublease or take an assignment from Tenant of the interest, or portion thereof, in this Lease and/or the Premises that Tenant proposes to assign or sublease as provided in the
foregoing clauses (1) and (2), respectively, then Landlord shall have the additional right to negotiate directly with Tenant’s proposed assignee or subtenant and to enter into a direct lease or occupancy agreement with such party on such
terms as shall be acceptable to Landlord in its sole and absolute discretion, and Tenant hereby waives any claims against Landlord related thereto, including, without limitation, any claims for any compensation or profit related to such lease or
occupancy agreement. 
 (c) Without otherwise limiting the criteria upon which Landlord may withhold its consent, Landlord shall be entitled
to consider all reasonable criteria including, but not limited to, the following: (1) whether the use to be made of the Premises by the proposed subtenant or assignee will comply with the Permitted Use, and whether such use would be prohibited
by any other portion of this Lease, including, but not limited to, any rules and regulations then in effect, or under applicable Laws, and whether such use imposes a greater load upon the Premises and the Building and Project services than imposed
by Tenant, (2) the business reputation of the proposed individuals who will be managing and operating the business operations of the proposed assignee or subtenant, and the long-term financial and competitive business prospects of the proposed
assignee or subtenant, and (3) the creditworthiness and financial stability of the proposed assignee or subtenant in light of the responsibilities involved. In any event, Landlord may withhold its consent to any assignment or sublease, if
(i) the actual use proposed to be conducted in the Premises or portion thereof conflicts with the provisions of Paragraph 9(a) or (b) above or with any other lease which restricts the use to which any space in the Building or the Project
may be put, (ii) the proposed assignment or sublease requires alterations, improvements or additions to the Premises or portions thereof, (iii) the portion of the Premises proposed to be sublet is irregular in shape and/or does not permit
safe or otherwise appropriate means of ingress and egress, or does not comply with governmental safety and other codes, and (iv) the proposed sublessee or assignee is either a governmental or quasi-governmental agency or instrumentality
thereof. 
 (d) If Landlord approves an assignment or subletting as herein provided, Tenant shall pay to Landlord, as Additional Rent, fifty
percent (50%) of the excess, if any, of (1) the rent and any additional rent payable by the assignee or sublessee to Tenant, minus (2) Base Rent plus Additional Rent allocable to that part of the Premises affected by such assignment or
sublease pursuant to the provisions of this Lease after deducting Tenant’s reasonable marketing costs, real estate commissions, attorneys’ fees, improvement costs and any other costs directly associated with the sublet or assignment of the
Premises, amortized over the life of the sublease in the case 

  
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of a sublease. The assignment or sublease agreement, as the case may be, after approval by Landlord, shall not be amended without Landlord’s prior written consent, and shall contain a
provision directing the assignee or subtenant to pay the rent and other sums due thereunder directly to Landlord upon receiving written notice from Landlord that Tenant is in default under this Lease with respect to the payment of Rent. In the event
that, notwithstanding the giving of such notice, Tenant collects any rent or other sums from the assignee or subtenant, then Tenant shall hold such sums in trust for the benefit of Landlord and shall immediately forward the same to Landlord.
Landlord’s collection of such rent and other sums shall not constitute an acceptance by Landlord of attornment by such assignee or subtenant. 

(e) Notwithstanding any assignment or subletting, Tenant and any guarantor or surety of Tenant’s obligations under this Lease shall at
all times remain fully and primarily responsible and liable for the payment of the Rent and for compliance with all of Tenant’s other obligations under this Lease (regardless of whether Landlord’s approval has been obtained for any such
assignment or subletting). 
 (f) Tenant shall pay Landlord’s reasonable fees not to exceed $1,000.00 plus the reasonable fees of
Landlord’s counsel), incurred in connection with Landlord’s review and processing of documents regarding any proposed assignment or sublease. 

(g) A consent to one assignment, subletting, occupation or use shall not be deemed to be a consent to any other or subsequent assignment,
subletting, occupation or use, and consent to any assignment or subletting shall in no way relieve Tenant of any liability under this Lease. Any assignment or subletting without Landlord’s consent shall be void, and shall, at the option of
Landlord, constitute a Default under this Lease. 
 (h) Notwithstanding anything in this Lease to the contrary, in the event Landlord
consents to an assignment or subletting by Tenant in accordance with the terms of this Paragraph 23, Tenant’s assignee or subtenant shall have no right to further assign this Lease or any interest therein or thereunder or to further sublease
all or any portion of the Premises without the prior written consent of Landlord, in its sole and absolute discretion. In furtherance of the foregoing, Tenant acknowledges and agrees on behalf of itself and any assignee or subtenant claiming under
it (and any such assignee or subtenant by accepting such assignment or sublease shall be deemed to acknowledge and agree) that no sub-subleases or further assignments of this Lease shall be permitted at any
time without the prior written consent of Landlord. 
 (i) If this Lease is assigned, whether or not in violation of the provisions of this
Lease, Landlord may collect Rent from the assignee. If the Premises or any part thereof is sublet or used or occupied by anyone other than Tenant, whether or not in violation of this Lease, Landlord may, after a Default by Tenant, collect Rent from
the subtenant or occupant. In either event, Landlord may apply the net amount collected to Rent, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of any of the provisions of this Paragraph 23, or the acceptance of
the assignee, subtenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of Tenant’s obligations under this Lease. The consent by Landlord to an assignment, mortgaging, pledging, encumbering, transfer, use,
occupancy or subletting pursuant to any provision of this Lease shall not, except as otherwise provided herein, in any way be considered to relieve Tenant from obtaining the express consent of Landlord to

  
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any other or further assignment, mortgaging, pledging, encumbering, transfer, use, occupancy or subletting. References in this Lease to use or occupancy by anyone other than Tenant shall not be
construed as limited to subtenants and those claiming under or through subtenants but as including also licensees or others claiming under or through Tenant, immediately or remotely. The listing of any name other than that of Tenant on any door of
the Premises or on any directory or in any elevator in the Building, or otherwise, shall not, except as otherwise provided herein, operate to vest in the person so named any right or interest in this Lease or in the Premises, or be deemed to
constitute, or serve as a substitute for, or any waiver of, any prior consent of Landlord required under this Paragraph 23. 
 (j) Each
subletting and/or assignment pursuant to this Paragraph shall be subject to all of the covenants, agreements, terms, provisions and conditions contained in this Lease and each of the covenants, agreements, terms, provisions and conditions of this
Lease shall be automatically incorporated therein. If Landlord shall consent to, or reasonably withhold its consent to, any proposed assignment or sublease, Tenant shall indemnify, defend and hold harmless Landlord against and from any and all loss,
liability, damages, costs and expenses (including reasonable counsel fees) resulting from any claims that may be made against Landlord by the proposed assignee or sublessee or by any brokers or other persons claiming a commission or similar fee in
connection with the proposed assignment or sublease. 
 (k) Tenant acknowledges and agrees that the restrictions, conditions and limitations
imposed by this Paragraph 23 on Tenant’s ability to assign or transfer this Lease or any interest herein, to sublet the Premises or any part thereof, to transfer or assign any right or privilege appurtenant to the Premises, or to allow any
other person to occupy or use the Premises or any portion thereof, are, for the purposes of California Civil Code Section 1951.4, as amended from time to time, and for all other purposes, reasonable at the time that this Lease was entered into,
and shall be deemed to be reasonable at the time that Tenant seeks to assign or transfer this Lease or any interest herein, to sublet the Premises or any part thereof, to transfer or assign any right or privilege appurtenant to the Premises, or to
allow any other person to occupy or use the Premises or any portion thereof. 
 24. DEFAULT 

The occurrence of any one of the following events shall constitute a default on the part of Tenant (“Default”): 

(a) The vacation or abandonment of the Premises by Tenant for a period of thirty (30) consecutive days or any vacation or abandonment of
the Premises by Tenant which would cause any insurance policy to be invalidated or otherwise lapse in each of the foregoing cases irrespective of whether or not Tenant is then in monetary default under this Lease. Tenant agrees to notice and service
of notice as provided for in this Lease and waives any right to any other or further notice or service of notice which Tenant may have under any statute or law now or hereafter in effect; 

(b) Failure to pay any installment of Rent or any other monies due and payable hereunder, said failure continuing for a period of three
(3) days after the same is due; 

  
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 (c) The filing of a voluntary petition in bankruptcy by Tenant, the filing by Tenant of a
voluntary petition for an arrangement, the filing by or against Tenant of a petition, voluntary or involuntary, for reorganization, or the filing of an involuntary petition by the creditors of Tenant, said involuntary petition remaining undischarged
for a period of sixty (60) days; 
 (d) Receivership, attachment, or other judicial seizure of substantially all of Tenant’s
assets on the Premises, such attachment or other seizure remaining undismissed or undischarged for a period of sixty (60) days after the levy thereof; 

(e) Death or disability of Tenant, if Tenant is a natural person, or the failure by Tenant to maintain its legal existence, if Tenant is a
corporation, partnership, limited liability company, trust or other legal entity; 
 (f) Failure of Tenant to execute and deliver to
Landlord any estoppel certificate, subordination agreement, or lease amendment within the time periods and in the manner required by Paragraphs 31 or 32 or 43, and/or failure by Tenant to deliver to Landlord any financial statement within the time
period and in the manner required by Paragraph 41; 
 (g) An assignment or sublease, or attempted assignment or sublease, of this Lease or
the Premises by Tenant contrary to the provision of Paragraph 23, unless such assignment or sublease is expressly conditioned upon Tenant having received Landlord’s consent thereto; 

(h) Failure of Tenant to restore the Security Deposit to the amount and within the time period provided in Paragraph 7 above; 

(i) Failure in the performance of any of Tenant’s covenants, agreements or obligations hereunder (except those failures specified as
events of Default in subparagraphs (b), (h), (k) or (l) herein or any other subparagraphs of this Paragraph 24, which shall be governed by the notice and cure periods set forth in such other subparagraphs), which failure continues for thirty
(30) days after written notice thereof from Landlord to Tenant, provided that, if Tenant has exercised reasonable diligence to cure such failure and such failure cannot be cured within such thirty (30) day period despite reasonable
diligence, Tenant shall not be in default under this subparagraph so long as Tenant thereafter diligently and continuously prosecutes the cure to completion and actually completes such cure within sixty (60) days after the giving of the
aforesaid written notice; 
 (j) Chronic delinquency by Tenant in the payment of Rent, or any other periodic payments required to be paid by
Tenant under this Lease. “Chronic delinquency” means failure by Tenant to pay Rent, or any other payments required to be paid by Tenant under this Lease within three (3) days after written notice thereof for any three (3) months
(consecutive or nonconsecutive) during any period of twelve (12) months; 
 (k) Any insurance required to be maintained by Tenant
pursuant to this Lease shall be canceled or terminated or shall expire or be reduced or materially changed, except as permitted in this Lease; 

  
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 (l) Any failure by Tenant to discharge any lien or encumbrance placed on the Project or any
part thereof in violation of this Lease within ten (10) days after the date such lien or encumbrance is filed or recorded against the Project or any part thereof; 

(m) Any failure by Tenant to promptly remove, abate or remedy any Hazardous Materials located in, on or about the Premises or the Building in
connection with any failure by Tenant to comply with Tenant’s obligations under Paragraph 33; 
 (n) Tenant’s failure to commence
business operations in the Premises within one hundred eighty (180) days following the Commencement Date, subject to delays beyond Tenant’s reasonable control (other than financial difficulty); and 

(o) Any representation of Tenant herein or in any financial statement or other materials provided by Tenant or any guarantor of Tenant’s
obligations under this Lease shall prove to be untrue or inaccurate in any material respect, or any such financial statements or other materials shall have omitted any material fact. 

25. LANDLORD’S REMEDIES 

(a) Termination. In the event of any Default by Tenant, then in addition to any other remedies available to Landlord at
law or in equity and under this Lease, Landlord may terminate this Lease immediately and all rights of Tenant hereunder by giving written notice to Tenant of such intention to terminate. Tenant waives redemption or relief from forfeiture under
California Code of Civil Procedure Sections 1174 and 1179, or under any other pertinent present or future Law, in the event Tenant is evicted or Landlord takes possession of the Premises by reason of any Default of Tenant hereunder. If Landlord
shall elect to so terminate this Lease then Landlord may recover from Tenant: 
 (i) the worth at the time of award of any unpaid Rent and
any other sums due and payable which have been earned at the time of such termination; plus 
 (ii) the worth at the time of award of the
amount by which the unpaid Rent and any other sums due and payable which would have been earned after termination until the time of award exceeds the amount of such rental loss Tenant proves could have been reasonably avoided; plus 

(iii) the worth at the time of award of the amount by which the unpaid Rent and any other sums due and payable for the balance of the term of
this Lease after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided; plus 
 (iv) any
other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or which in the ordinary course would be likely to result therefrom, including, without
limitation, (A) any costs or expenses incurred by Landlord (1) in retaking possession of the Premises; (2) in maintaining, repairing, preserving, restoring, replacing, cleaning, altering, remodeling or rehabilitating the Premises or
any affected portions of the Building or the Project, including such actions undertaken in connection with the reletting or attempted reletting of the Premises to a new tenant or tenants; (3) for leasing commissions, advertising costs and other
expenses of 

  
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reletting the Premises; or (4) in carrying the Premises, including taxes, insurance premiums, utilities and security precautions; (B) any unearned brokerage commissions paid in
connection with this Lease; (C) reimbursement of any previously waived or abated Base Rent or Additional Rent or any free rent or reduced rental rate applied hereunder; and (D) any concession made or paid by Landlord for the benefit of
Tenant including, but not limited to, any moving allowances, contributions, payments or loans by Landlord for tenant improvements or build-out allowances, if any, and any outstanding balance (principal and
accrued interest) of any tenant improvement loan), or assumptions by Landlord of any of Tenant’s previous lease obligations; plus 

(v) such reasonable attorneys’ fees incurred by Landlord as a result of a Default, and costs in the event suit is filed by Landlord to
enforce such remedy; and plus 
 (vi) at Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be
permitted from time to time by applicable law. 
 (vii) As used in subparagraphs (i) and (ii) above, the “worth at the time of
award” is computed by allowing interest at an annual rate equal to twelve percent (12%) per annum or the maximum rate permitted by law, whichever is less. As used in subparagraph (iii) above, the “worth at the time of award” is
computed by discounting such amount at the discount rate of Federal Reserve Bank of San Francisco at the time of award, plus one percent (1%). Tenant hereby waives for Tenant and for all those claiming under Tenant all right now or hereafter
existing to redeem by order or judgment of any court or by any legal process or writ, Tenant’s right of occupancy of the Premises after any termination of this Lease. 

(b) Continuation of Lease. In the event of any Default by Tenant, then in addition to any other remedies available to
Landlord at law or in equity and under this Lease, Landlord shall have the remedy described in California Civil Code Section 1951.4 (Landlord may continue this Lease in effect after Tenant’s Default and abandonment and recover Rent as it
becomes due, provided that Tenant has the right to sublet or assign, subject only to reasonable limitations). In addition, Landlord shall not be liable in any way whatsoever for its failure or refusal to relet the Premises. For purposes of this
Paragraph 25(b), the following acts by Landlord will not constitute the termination of Tenant’s right to possession of the Premises: 

(i) Acts of maintenance or preservation or efforts to relet the Premises, including, but not limited to, alterations, remodeling, redecorating,
repairs, replacements and/or painting as Landlord shall consider advisable for the purpose of reletting the Premises or any part thereof, or 

(ii) The appointment of a receiver upon the initiative of Landlord to protect Landlord’s interest under this Lease or in the Premises.

 (c) Termination. No action by Landlord shall be construed as an election to terminate this Lease unless a written
notice of such intention is given to Tenant or unless the termination thereof is decreed by a court of competent jurisdiction. 
 (d)
Cumulative Remedies. The remedies herein provided are not exclusive and Landlord shall have any and all other remedies provided herein or by law or in equity. 

  
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 (e) No Surrender. No act or conduct of Landlord, whether consisting of
the acceptance of the keys to the Premises, or otherwise, shall be deemed to be or constitute an acceptance of the surrender of the Premises by Tenant prior to the expiration of the Term, and such acceptance by Landlord of surrender by Tenant shall
only flow from and must be evidenced by a written acknowledgment of acceptance of surrender signed by Landlord. The surrender of this Lease by Tenant, voluntarily or otherwise, shall not work a merger unless Landlord elects in writing that such
merger take place, but shall operate as an assignment to Landlord of any and all existing subleases, or Landlord may, at its option, elect in writing to treat such surrender as a merger terminating Tenant’s estate under this Lease, and
thereupon Landlord may terminate any or all such subleases by notifying the sublessee of its election so to do within five (5) days after such surrender. 

26. LANDLORD’S RIGHT TO PERFORM TENANT’S
OBLIGATIONS 
 (a) Without limiting the rights and remedies of Landlord contained in Paragraph 25 above, if Tenant shall
be in Default in the performance of any of the terms, provisions, covenants or conditions to be performed or complied with by Tenant pursuant to this Lease, then Landlord may at Landlord’s option, without any obligation to do so, and without
notice to Tenant perform any such term, provision, covenant, or condition, or make any such payment and Landlord by reason of so doing shall not be liable or responsible for any loss or damage thereby sustained by Tenant or anyone holding under or
through Tenant or any of Tenant Parties. 
 (b) Without limiting the rights of Landlord under Paragraph 26(a) above, Landlord shall have the
right at Landlord’s option, without any obligation to do so, to perform any of Tenant’s covenants or obligations under this Lease without notice to Tenant in the case of an emergency, as determined by Landlord in its sole and absolute
judgment, or if Landlord otherwise determines in its sole discretion that such performance is necessary or desirable for the proper management and operation of the Building or the Project. 

(c) If Landlord performs any of Tenant’s obligations hereunder in accordance with this Paragraph 26, the full amount of the cost and
expense incurred or the payment so made or the amount of the loss so sustained shall immediately be owing by Tenant to Landlord, and Tenant shall promptly pay to Landlord upon demand, as Additional Rent, the full amount thereof with interest thereon
from the date of payment by Landlord at the lower of (i) twelve percent (12%) per annum, or (ii) the highest rate permitted by applicable law. 

27. ATTORNEYS’ FEES 

(a) Prevailing Party. If either party hereto fails to perform any of its obligations under this Lease or if any dispute
arises between the parties hereto concerning the meaning or interpretation of any provision of this Lease, then the defaulting party or the party not prevailing in such dispute, as the case may be, shall pay any and all costs and expenses incurred
by the other party on account of such default and/or in enforcing or establishing its rights hereunder, including, without limitation, court costs and reasonable attorneys’ fees and disbursements. Any such attorneys’ fees and other
expenses incurred by either party in enforcing a judgment in its favor under this Lease shall be recoverable separately from and in addition to any other amount included in such judgment, and such attorneys’ fees obligation is intended to be
severable from the other provisions of this Lease and to survive and not be merged into any such judgment. 

  
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 (b) Collection Costs. Without limiting the generality of Paragraph
27(a) above, if Landlord utilizes the services of an attorney for the purpose of collecting any Rent due and unpaid and not cured within any applicable cure period by Tenant or in connection with any other breach of this Lease by Tenant, Tenant
agrees to pay Landlord reasonable and actual attorneys’ fees, regardless of the fact that no legal action may be commenced or filed by Landlord. 

28. TAXES 
 Tenant shall be
liable for and shall pay directly to the taxing authority, prior to delinquency, all taxes levied against Tenant’s Property. If any Alteration installed by Tenant pursuant to Paragraph 12 or any of Tenant’s Property is assessed and taxed
with the Project or the Building, Tenant shall pay such taxes to Landlord within thirty (30) days after delivery to Tenant of a statement therefor. 

29. CONFIDENTIALITY 

Tenant acknowledges that the terms and conditions of this Lease are and shall remain confidential. Tenant shall not reveal such terms and
conditions to any third party (excepting only statements issued to either party’s attorneys, accountants and financial advisors, and statements otherwise required by law or in connection with an assignment, sublease or other transferee, so long
as the receiving party is advised of the confidential nature of the information and agrees to keep the same confidential. 
 30. EFFECT
OF CONVEYANCE 
 In the event of any Transfer by Landlord of its entire interest in the Project, Landlord
shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed, without further agreement between the parties and the transferee of such interest, that the transferee
of Landlord’s interest in the Project has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. 
 31.
TENANT’S ESTOPPEL CERTIFICATE 
 From time to time, upon written request
of Landlord, Tenant shall execute, acknowledge and deliver to Landlord or its designee, an Estoppel Certificate in substantially the form attached hereto as Exhibit E and with any other statements
reasonably requested by Landlord or its designee. Any such Estoppel Certificate may be relied upon by a prospective transferee of Landlord’s interest or a mortgagee of (or holder of a deed of trust encumbering) Landlord’s interest or
assignment of any mortgage or deed of trust upon Landlord’s interest in the Premises. If Tenant fails to provide such certificate within ten (10) business days of receipt by Tenant of a written request by Landlord as herein provided, such
failure shall, at Landlord’s election, constitute a Default under this Lease, and Tenant shall be deemed to have given such certificate as above provided without modification and shall be deemed to have admitted the accuracy of any information
supplied by Landlord to a prospective purchaser or mortgagee or deed of trust holder. 

  
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 32. SUBORDINATION 

(a) Landlord shall use commercially reasonable efforts to obtain a subordination, non-disturbance, and
attornment agreement (“SNDA”) from its lender, in the form of Exhibit F attached hereto. Notwithstanding the foregoing, this Lease is subject and subordinate to all present and future ground or underlying leases of the
Project and to the lien of any mortgages or trust deeds, now or hereafter in force against the Project and the Building, if any, and to all renewals, extensions, modifications, consolidations and replacements thereof, and to all advances made or
hereafter to be made upon the security of such mortgages or trust deeds, unless the holders of such mortgages or trust deeds, or the lessors under such ground lease or underlying leases, require in writing that this Lease be superior thereto. Tenant
covenants and agrees in the event any proceedings are brought for the foreclosure of any such mortgage, to attorn so long as Tenant has been offered a commercially reasonable SNDA on such entity’s standard form, without any deductions or set-offs whatsoever, to the purchaser upon any such foreclosure sale if so requested to do so by such party, and to recognize such party as the lessor under this Lease. Tenant covenants and agrees that in the event
of cancellation or termination of any ground lease or underlying lease in accordance with its terms or by surrender thereof, whether voluntary, involuntary or by operation of law, and provided that the lessor under any such ground lease or
underlying lease has either approved this Lease in writing or notified Tenant in writing of its election to cause Tenant to attorn to it upon cancellation or termination of such ground lease or underlying lease, then this Lease shall not be
cancelled or terminated as a result of the cancellation or termination of such ground lease or underlying lease, but Tenant shall make full and complete attornment to the lessor under any such ground lease or underlying lease for the balance of the
term hereof with the same force and effect as though this Lease were originally made directly from the lessor under any such ground lease or underlying lease to Tenant. Following Tenant’s attornment to purchaser upon any foreclosure sale or any
lessor under any ground lease or underlying lease as set forth above (a “Successor Landlord”), this Lease shall continue in full force and effect as a direct lease between Successor Landlord and Tenant upon all of the terms,
conditions and covenants as are set forth in this Lease, except that the Successor Landlord shall not (a) be liable for any previous act or omission of Landlord under this Lease, except to the extent such act or omission shall constitute a
continuing Landlord default hereunder; (b) be subject to any offset, not expressly provided for in this Lease; or (c) be bound by any previous modification of this Lease or by any previous prepayment of more than one (1) month’s
Rent, unless such modification or prepayment shall have been expressly approved in writing by the Successor Landlord (or predecessor in interest). Tenant shall, within ten (10) business days of request by Landlord, execute such further
instruments or assurances as Landlord may reasonably deem necessary to evidence or confirm the subordination or superiority of this Lease to any mortgages, trust deeds, ground leases or underlying leases and Tenant’s obligation to attorn to any
holder of any mortgage or deed of trust or any lessor under any ground lease or underlying lease, subject to the provisions of this Paragraph 32. Tenant waives the provisions of any current or future statute, rule or law which may give or purport to
give Tenant any right or election to terminate or otherwise adversely affect this Lease and the obligations of Tenant hereunder in the event of any foreclosure proceeding or sale. 

  
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 33. ENVIRONMENTAL COVENANTS 

(a) Definitions. 

(i) As used in this Lease, the term “Hazardous Materials” means (i) any substance or material that is included within the
definitions of “hazardous substances,” “hazardous materials,” “toxic substances,” “pollutant,” “contaminant,” “hazardous waste,” or “solid waste” in any Environmental Law;
(ii) petroleum or petroleum derivatives, including crude oil or any fraction thereof, all forms of natural gas, and petroleum products or by-products or waste; (iii) polychlorinated biphenyls (PCBs);
(iv) asbestos and asbestos containing materials (whether friable or non-friable); (v) lead and lead based paint or other lead containing materials (whether friable or
non-friable); (vi) urea formaldehyde; (vii) microbiological pollutants; (viii) batteries or liquid solvents or similar chemicals; (ix) radon gas; and (x) mildew, fungus, mold, bacteria
and/or other organic spore material, whether or not airborne, colonizing, amplifying or otherwise. 
 (ii) As used in this Lease, the term
“Environmental Laws” means all statutes, terms, conditions, limitations, restrictions, standards, prohibitions, obligations, schedules, plans and timetables that are contained in or promulgated pursuant to any federal, state or
local laws (including rules, regulations, ordinances, codes, judgments, orders, decrees, contracts, permits, stipulations, injunctions, the common law, court opinions, and demand or notice letters issued, entered, promulgated or approved
thereunder), relating to pollution or the protection of the environment, including laws relating to emissions, discharges, releases or threatened releases of Hazardous Materials into ambient air, surface water, ground water or lands or otherwise
relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials including, but not limited to, the: Comprehensive Environmental Response Compensation and Liability Act of 1980
(CERCLA), as amended by the Superfund Amendments and Reauthorization Act of 1986 (SARA), 42 U.S.C. 9601 et seq.; Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976 (RCRA), 42 U.S.C. 6901 et
seq.; Federal Water Pollution Control Act, 33 U.S.C. 1251 et seq.; Toxic Substances Control Act, 15 U.S.C. 2601 et seq.; Clean Air Act, 42 U.S.C. 7401 et seq.; and the Safe Drinking Water Act, 42
U.S.C. § 300f et seq. “Environmental Laws” shall include any statutory or common law that has developed or develops in the future regarding mold, fungus, microbiological pollutants, mildew, bacteria and/or other organic
spore material. “Environmental Law” shall not include laws relating to industrial hygiene or worker safety, except to the extent that such laws address asbestos and asbestos containing materials (whether friable or non-friable) or lead and lead based paint or other lead containing materials. 
 (b) Tenant
Obligations. 
 (i) During its use and occupancy of the Premises Tenant will not permit Hazardous Materials to be present on or about
the Premises except for normal quantities of cleaning and other business supplies customarily used and stored in an office and that it will comply with all Environmental Laws relating to the use, storage or disposal of any such Hazardous Materials.
Notwithstanding anything herein to the contrary in no event shall Tenant permit any pesticides, insecticides or herbicides to be stored, used, or disposed in on or about the Premises without the prior written consent of Landlord. 

  
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 (ii) If Tenant’s use of Hazardous Materials on or about the Premises results in a
release, discharge or disposal of Hazardous Materials on, in, at, under, or emanating from, the Premises or the Project, Tenant agrees to investigate, clean up, remove or remediate such Hazardous Materials in full compliance with (i) the
requirements of (A) all Environmental Laws and (B) any governmental agency or authority responsible for the enforcement of any Environmental Laws; and (ii) any additional requirements of Landlord that are necessary, in Landlord’s
sole discretion, to protect the value of the Premises or the Project. Landlord shall also have the right, but not the obligation, to take whatever action with respect to any such Hazardous Materials that it deems necessary, in Landlord’s sole
discretion, to protect the value of the Premises or the Project. All costs and expenses paid or incurred by Landlord in the exercise of such right shall be payable by Tenant promptly upon demand. If Tenant knows, or has reasonable cause to believe,
that a Hazardous Material has been released, discharged or disposed of in, on, under or about the Premises, then Tenant shall promptly give written notice of such fact to Landlord and shall promptly give Landlord a copy of any statement, report or
notice concerning such event that Tenant has in its possession or control. 
 (iii) Upon reasonable notice to Tenant not less than 24
hours’ notice (except in the case of emergency), Landlord may inspect the Premises for the purpose of determining whether there exists on the Premises any Hazardous Materials or other condition or activity that is in violation of the
requirements of this Lease or of any Environmental Laws. The right granted to Landlord herein to perform inspections shall not create a duty on Landlord’s part to inspect the Premises, or liability on the part of Landlord for Tenant’s use,
storage or disposal of Hazardous Materials, it being understood that Tenant shall be solely responsible for all liability in connection therewith. 

(iv) Tenant shall surrender the Premises to Landlord upon the expiration or earlier termination of this Lease free of Hazardous Materials
caused or permitted by any of the Tenant Parties and in a condition which complies with all Environmental Laws and any additional requirements of Landlord that are reasonably necessary to protect the value of the Premises, the Building or the
Project. Tenant’s obligations and liabilities pursuant to this Paragraph 33 shall be in addition to any other surrender requirements in this Lease and shall survive the expiration or earlier termination of this Lease. If it is reasonably
determined by Landlord that the condition of all or any portion of the Premises, the Building, and/or the Project is not in compliance with the provisions of this Lease with respect to Hazardous Materials, including, without limitation, all
Environmental Laws due to the violation of Tenant of the provisions of this Lease, at the expiration or earlier termination of this Lease, then at Landlord’s sole option, Landlord may require Tenant to hold over possession of the Premises until
Tenant can surrender the Premises to Landlord in the condition in which the Premises existed as of the Commencement Date. The burden of proof hereunder shall be upon Tenant. For purposes hereof, the term “normal wear and tear shall not include
any deterioration in the condition or diminution of the value of any portion of the Premises, the Building, and/or the Project in any manner whatsoever related to directly, or indirectly, Hazardous Materials. Any such holdover by Tenant will be with
Landlord’s consent, will not be terminable by Tenant in any event or circumstance and will otherwise be subject to the provisions of Paragraph 36 below. 

  
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 (v) Tenant shall indemnify and hold harmless Landlord from and against any and all claims,
damages, fines, judgments, penalties, costs, losses (including, without limitation, loss in value of the Premises or the Project, damages due to loss or restriction of rentable or usable space, and damages due to any adverse impact on marketing of
the space and any and all sums paid for settlement of claims), liabilities and expenses (including, without limitation, reasonable attorneys’, consultants’, and experts’ fees) incurred by Landlord during or after the term of this
Lease and attributable to (i) any Hazardous Materials placed on or about the Premises, the Building or the Project by Tenant or Tenant Parties, or resulting from the action or inaction of Tenant or Tenant Parties, or (ii) Tenant’s
breach of any provision of this Paragraph 33. This indemnification includes, without limitation, any and all costs incurred by Landlord due to any investigation of the site or any cleanup, removal or restoration mandated by a federal, state or local
agency or political subdivision. 
 (c) Landlord Obligations and Disclosures. 

(i) Landlord, at Landlord’s sole cost and expense, shall remove any Hazardous Materials required to be removed in connection with the Base
Building Work and shall indemnify and hold Tenant harmless (including reasonable attorneys’ fees) from any future action which shall occur as a result of the presence of Hazardous Materials existent prior to the Commencement Date, except to the
extent introduced to the Premises or exacerbated by Tenant or any Tenant Party. 
 (ii) To the extent any Hazardous Materials remain in
place in accordance with applicable Law (e.g., any legally entombed older roof membranes), Landlord shall remain responsible for removing the same if and when required to be removed by Law, or Landlord otherwise elects to remove the same. 

(iii) Landlord hereby discloses that underground tanks holding unknown substances were discovered in 1997 and were removed under consultant
and government supervision and the work “signed off” as complete removal and restoration. 
 (d) Survival.
The provisions of this Paragraph 33 shall survive the expiration or earlier termination of this Lease. 
 34. NOTICES 

All notices and demands which are required or may be permitted to be given to either party by the other hereunder shall be in writing and shall
be sent by United States mail, postage prepaid, certified, or by personal delivery or nationally recognized overnight courier, addressed to the addressee at Tenant’s Address or Landlord’s Address as specified in the Basic Lease
Information, or to such other place as either party may from time to time designate in a notice to the other party given as provided herein. Copies of all notices and demands given to Landlord shall additionally be sent to Landlord’s property
manager at the address specified in the Basic Lease Information or at such other address as Landlord may specify in writing from time to time. Notice shall be deemed given upon actual receipt (or attempted delivery if delivery is refused), if
personally delivered, or one (1) business day following deposit with a reputable overnight courier that provides a receipt, or on the third (3rd) day following deposit in the United States mail in the manner described above. Nothing contained
in this Paragraph 34 shall be deemed to limit any alternative method of notification to Tenant as may be permitted under applicable law, including without limitation the provisions of Section 1161, et seq. of the California Code of Civil
Procedure or any successor statute hereinafter enacted. 

  
 38 

 35. WAIVER 

The waiver of any breach of any term, covenant or condition of this Lease shall not be deemed to be a waiver of such term, covenant or
condition or of any subsequent breach of the same or any other term, covenant or condition herein contained. The subsequent acceptance of Rent by Landlord shall not be deemed to be a waiver of any preceding breach by Tenant, 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 delay or omission in the exercise of any right or remedy of Landlord in regard to any
Default by Tenant shall impair such a right or remedy or be construed as a waiver. Any waiver by Landlord of any Default must be in writing and shall not be a waiver of any other Default concerning the same or any other provisions of this Lease.

 36. HOLDING OVER 

Any holding over after the expiration of the Term, without the express written consent of Landlord, shall constitute a Default and, without
limiting Landlord’s remedies provided in this Lease, such holding over shall be construed to be a tenancy at sufferance, at a rental rate equal to one hundred fifty percent (150%) of the Base Rent last due in this Lease, plus Additional Rent,
and shall otherwise be on the terms and conditions herein specified, so far as applicable; provided, however, that in no event shall any renewal or expansion option, option to purchase, or other similar right or option contained in this Lease be
deemed applicable to any such tenancy at sufferance. If the Premises are not surrendered at the end of the Term or sooner termination of this Lease, and in accordance with the provisions of Paragraphs 11 and 33(b)(ii), Tenant shall indemnify, defend
and hold Landlord harmless from and against any and all loss or liability resulting from delay by Tenant in so surrendering the Premises including, without limitation, any loss or liability resulting from any claim against Landlord made by any
succeeding tenant or prospective tenant founded on or resulting from such delay and losses to Landlord due to lost opportunities to lease any portion of the Premises to any such succeeding tenant or prospective tenant, together with, in each case,
actual attorneys’ fees and costs. 
 37. SUCCESSORS AND ASSIGNS 

The terms, covenants and conditions of this Lease shall, subject to the provisions as to assignment, apply to and bind the heirs, successors,
executors, administrators and assigns of all of the parties hereto. If Tenant shall consist of more than one entity or person, the obligations of Tenant under this Lease shall be joint and several. 

38. TIME 
 Time is of the
essence of this Lease and each and every term, condition and provision herein. 

  
 39 

 39. BROKERS 

Landlord and Tenant each represents and warrants to the other that neither it nor its officers or agents nor anyone acting on its behalf has
dealt with any real estate broker except the Brokers specified in the Basic Lease Information in the negotiating or making of this Lease. Landlord shall be responsible for payment of Tenant’s Broker and Landlord’s Broker pursuant to
separate written agreements, and each party agrees to indemnify and hold harmless the other from any claim or claims, and costs and expenses, including attorneys’ fees, incurred by the indemnified party in conjunction with any other claim or
claims of any other broker or brokers to a commission in connection with this Lease as a result of the actions of the indemnifying party. 
 40.
LIMITATION OF LIABILITY 
 In the event of any default or breach by Landlord under this
Lease or arising in connection herewith or with Landlord’s operation, management, leasing, repair, renovation, alteration or any other matter relating to the Project or the Premises Tenant’s remedies shall be limited solely and exclusively
to an amount which is equal to the lesser of (a) the interest in the Building of the then-current Landlord or (b) the equity interest Landlord would have in the Building if the Building were encumbered by third party debt in an amount
equal to eighty percent (80%) of the value of the Building (as such value is determined by Landlord), provided that in no event shall such liability extend to any sales or insurance proceeds received by Landlord or the “Landlord
Affiliates” in connection with the Project, the Building or the Premises. For purposes of this Lease, “Landlord Affiliates” shall mean, collectively, Landlord, its partners, shareholders, members, officers, directors,
employees, investment advisors, or any successor in interest of any of them. Neither Landlord, nor any of the Landlord Affiliates shall have any personal liability therefor, and Tenant hereby expressly waives and releases such personal liability on
behalf of itself and all persons claiming by, through or under Tenant. The limitations of liability contained in this Paragraph 40 shall inure to the benefit of Landlord’s and the Landlord Affiliates’ present and future partners,
beneficiaries, officers, directors, trustees, shareholders, members, agents and employees, and their respective partners, heirs, successors and assigns. Under no circumstances shall any present or future partner of Landlord (if Landlord is a
partnership), future member in Landlord (if Landlord is a limited liability company) or trustee or beneficiary (if Landlord or any partner or member of Landlord is a trust), have any liability for the performance of Landlord’s obligations under
this Lease. Notwithstanding any contrary provision herein, neither Landlord nor the Landlord Affiliates shall be liable under any circumstances for injury or damage to, or interference with Tenant’s business, including, but not limited to, loss
of profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use, in each case, however occurring. The provisions of this paragraph shall apply only to the Landlord and the parties herein described, and
shall not be for the benefit of any insurer nor any other third party. 
 41. FINANCIAL STATEMENTS 

Within ten (10) business days after Landlord’s request upon a sale or financing of the Building, but not more than twice per calendar
year, or in case of any Tenant default, Tenant shall deliver to Landlord the then current financial statements of Tenant, (including interim periods following the end of the last fiscal year for which annual statements are available), including a
balance sheet and profit and loss statement for the most recent prior year, all prepared in accordance with generally accepted accounting principles consistently applied, which statements shall be audited to the extent available. 

  
 40 

 42. RULES AND REGULATIONS 

Tenant shall comply with the rules and regulations attached hereto as Exhibit D, along with any modifications, amendments and
supplements thereto, and such reasonable rules and regulations as Landlord may adopt, from time to time, for the orderly and proper operation of the Project (collectively, the “Rules and Regulations”). The Rules and Regulations may
include, but shall not be limited to, the following: (a) restrictions on parking; and (b) regulation of the removal, storage and disposal of Tenant’s refuse and other rubbish. The then-current Rules and Regulations shall be binding
upon Tenant upon delivery of a copy of them to Tenant. Landlord shall not be responsible to Tenant for the failure of any other person to observe and abide by any of said Rules and Regulations. 

43. MORTGAGEE PROTECTION 

(a) Modifications for Lender. If, in connection with obtaining financing for the Project or any portion thereof,
Landlord’s lender shall request reasonable modifications to this Lease as a condition to such financing, Tenant shall not unreasonably withhold, delay or defer its consent to such modifications, provided that such modifications do not
materially adversely affect Tenant’s rights or increase Tenant’s obligations under this Lease. 
 (b) Rights to
Cure. Tenant shall give to any trust deed or mortgage holder (“Holder”), by a method provided for in Paragraph 34 above, at the same time as it is given to Landlord, a copy of any notice of default given to Landlord,
provided that, prior to such notice, Tenant has been notified in writing (by way of notice of assignment of rents and leases, or otherwise) of the address of such Holder. Tenant further agrees that, if Landlord shall have failed to cure such default
within the time provided for in this Lease, then the Holder shall have an additional reasonable period within which to cure such default, or if such default cannot be cured without Holder pursuing its remedies against Landlord, then such additional
time as may be necessary to commence and complete a foreclosure proceeding, provided that Holder commences and thereafter diligently pursues the remedies necessary to cure such default (including, but not limited to, commencement of foreclosure
proceedings, if necessary to effect such cure), in which event this Lease shall not be terminated. 
 44. ENTIRE AGREEMENT

 This Lease, including the Exhibits and any Addenda attached hereto, which are hereby incorporated herein by this reference, contains
the entire agreement of the parties hereto, and no representations, inducements, promises or agreements, oral or otherwise, between the parties, not embodied herein or therein, shall be of any force and effect. If there is more than one Tenant, the
obligations hereunder imposed shall be joint and several. 

  
 41 

 45. INTEREST 

Any installment of Rent and any other sum due from Tenant under this Lease which is not received by Landlord within three (3) days from
when the same is due shall bear interest from the date such payment was originally due under this Lease until paid at the lesser of (a) an annual rate equal to the maximum rate of interest permitted by law, or (b) twelve percent (12%) per
annum. Payment of such interest shall not excuse or cure any Default by Tenant. In addition, Tenant shall pay all costs and reasonable attorneys’ fees incurred by Landlord in collection of such amounts. 

46. GOVERNING LAW; CONSTRUCTION 

This Lease shall be construed and interpreted in accordance with the laws of state in which the Premises is located. The parties acknowledge
and agree that no rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall be employed in the interpretation of this Lease, including the Exhibits and any Addenda attached hereto. All captions in
this Lease are for reference only and shall not be used in the interpretation of this Lease. Whenever required by the context of this Lease, the singular shall include the plural, the masculine shall include the feminine, and vice versa. If any
provision of this Lease shall be determined to be illegal or unenforceable, such determination shall not affect any other provision of this Lease and all such other provisions shall remain in full force and effect. 

47. NAME OF BUILDING 

In the event Landlord chooses to change the name or address of the Building and/or the Project, Tenant agrees that such change shall not affect
in any way its obligations under this Lease, and that, except for the name or address change, all terms and conditions of this Lease shall remain in full force and effect. Tenant agrees further that such name or address change shall not require a
formal amendment to this Lease, but shall be effective upon Tenant’s receipt of written notification from Landlord of said change. 
 48.
JURY TRIAL WAIVER 
 To the extent now or hereafter permitted by law, Tenant hereby waives
any right to trial by jury with respect to any action or proceeding (i) brought by Landlord, Tenant or any other party, relating to (A) this Lease and/or any understandings or prior dealings between the parties hereto, or (B) the
Premises, the Building or the Project or any part thereof, or (ii) to which Landlord is a party. Tenant hereby agrees that this Lease constitutes a written consent to waiver of trial by jury pursuant to the provisions of California Code of
Civil Procedure Section 631, and Tenant does hereby constitute and appoint Landlord its true and lawful attorney-in-fact, which appointment is coupled with an
interest, and Tenant does hereby authorize and empower Landlord, in the name, place and stead of Tenant, to file this Lease with the clerk or judge of any court of competent jurisdiction as a statutory written consent to waiver of trial by jury.

 49. RECORDATION 

Neither this Lease, nor any memorandum, affidavit or other writing with respect thereto, shall be recorded by Tenant or by any one acting
through, under or on behalf of Tenant, and the recording thereof in violation of this provision shall make this Lease null and void at Landlord’s election. 

  
 42 

 50. FORCE MAJEURE 

Any prevention, delay or stoppage due to fire or other casualty, strikes, lockouts, or other labor disturbances, shortage of equipment or
materials, governmental requirements, power shortages or outages, acts or omissions of the other party to this Lease, or other causes beyond the reasonable control of Landlord or Tenant as the case may be, except with respect to the obligations
imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease (collectively, a “Force Majeure”), shall excuse the performance of such party for a period equal to any such prevention, delay or stoppage
and, therefore, if this Lease specifies a time period for performance of an obligation of either party, that time period shall be extended by the period of any delay in such party’s performance as caused by a Force Majeure. 

51. ACCEPTANCE 
 This Lease
shall only become effective and binding upon full execution hereof by Landlord and delivery of a signed copy to Tenant and Landlord’s receipt of any Security Deposit and the Prepaid Base Rent. 

52. COUNTERPART/SIGNATURES 

This Lease Agreement may be executed in one (1) or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Any signature on this Lease Agreement or an amendment to this Lease Agreement sent by electronic means shall be valid and binding. A party sending a signature by electronic means shall promptly send an
executed original counterpart of the document to the other party by mail or courier service. 
 53. BIKE STORAGE 

Tenant may install and maintain a bike storage facility on the Premises (collectively, the “Bike Storage Facility”), at a
location reasonably approved by Landlord on the Premises subject to the following conditions: (i) Tenant shall provide, install and maintain the Bike Storage Facility at its sole cost and expense; (ii) Tenant shall submit to Landlord for
its review and approval (which approval shall not be unreasonably withheld, conditioned or delayed) detailed plans and specifications for the Bike Storage Facility and shall install the Bike Storage Facility pursuant to the plans and specifications
approved by Landlord, in a good and workmanlike manner and in accordance with the reasonable direction of Landlord relative thereto; (iii) Tenant shall obtain all the necessary permits and approvals which may be required from all lawful
authorities to erect and install the Bike Storage Facility. Tenant may continue to keep and maintain the Bike Storage Facility throughout the Term of this Lease and any renewals or extension thereof. Landlord shall cooperate with Tenant, at
Tenant’s sole cost and expense, to secure any permits which may be required for the Bike Storage Facility. 

  
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 54. PETS 

Subject to the provisions of this Paragraph 54, Tenant shall be permitted to bring non-aggressive,
fully vaccinated domesticated dogs that are kept by Tenant’s employees as pets, into the Premises. This right is subject to the following: 

(a) All dogs are to be kept under control at all times. While outside the Building, all dogs are to be kept on leads. No dogs are to be left
unaccompanied while outside of the Building. No dogs may be kept at the Premises overnight. 
 (b) Upon request by Landlord, copies of
current vaccination records for all dogs shall be provided to Landlord. 
 (c) Tenant shall be responsible for any cleaning costs or other
costs, repairs and regular maintenance and restoration which may arise from the dogs’ presence in the Premises, including performing regular pest control services. 

(d) Tenant shall be liable for any and all acts which any dog may undertake (e.g., biting). 

(e) Tenant shall be responsible for immediately removing any dog waste and excrement from the Premises. 

(f) In no case shall the total number of dogs in the Premises exceed 1 (one) dog per 10,000 square feet. 

(g) Any damage, wear and tear or corrective action arising from dogs in the Building shall be deemed to be in excess of normal wear and tear
and shall be corrected by Tenant at its expense at the expiration or termination of this Lease, including if reasonably required, the fumigation or other treatment to eliminate fleas and other pests from the Building. 

55. RENEWAL OPTION (WITH FMV RENT) 

(a) Exercise of Options. Provided Tenant is in occupancy of at least two full floors of the Building and is not in default
(beyond applicable notice and grace periods) pursuant to any of the terms and conditions of this Lease, at the date of both the Expiration Date and the effective date of the Option (as defined below), Tenant shall have the option (the
“Option”) to renew this Lease for an additional sixty (60) month period (the “Extension Term”) commencing on the date following the Expiration Date upon the terms and conditions contained in this Paragraph 55.
To exercise the Option, Tenant shall give Landlord notice (the “Extension Notice”) of intent to exercise said Option not less than nine (9) months and not more than fifteen (15) months prior to the date on which the
Extension Term which is the subject of the notice will commence. The notice shall be given as provided in Paragraph 34 hereof. In the event Tenant exercises the Option, this Lease will terminate in its entirety at the end of the Extension Term and
Tenant will have no further option to renew or extend the Term of this Lease. 
 (b) Procedures for Determining Prevailing Market
Rate. 
 (i) If Tenant timely exercises the Option, Landlord shall deliver to Tenant a good faith written proposal of the
“Prevailing Market Rate” (as hereinafter defined) for the Premises for the Extension Term. Within thirty (30) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing that (A) Tenant accepts
Landlord’s proposal or (B) Tenant rejects Landlord’s proposal. If Tenant does not give Landlord a timely notice in response to Landlord’s proposal, Landlord’s proposal of the Prevailing Market Rate for the Extension Term
shall be deemed accepted by Tenant. 

  
 44 

 (ii) If Tenant timely rejects Landlord’s proposal, Landlord and Tenant shall first
negotiate in good faith in an attempt to agree upon the Prevailing Market Rate for the Extension Term. If Landlord and Tenant are able to agree within thirty (30) days following Landlord’s receipt of Tenant’s notice rejecting
Landlord’s proposal (the “Negotiation Period”), such agreement shall constitute a determination of Prevailing Market Rate for purposes of this Paragraph. If Landlord and Tenant are unable to agree upon the Prevailing Market
Rate during the Negotiation Period, then within thirty (30) days after expiration of the Negotiation Period, the parties shall meet and concurrently deliver to each other their respective written estimates of the Prevailing Market Rate for the
Extension Term, supported by the reasons therefor (respectively, “Landlord’s Determination” and “Tenant’s Determination”). Landlord’s Determination may be more or less than
its initial proposal of Prevailing Market Rate. If either party fails to deliver its Determination in a timely manner, then the Prevailing Market Rate shall be the amount specified by the other party. If the higher of such Determinations is not more
than one hundred five percent (105%) of the lower of such Determinations, then the Prevailing Market Rate shall be the average of the two Determinations. If the Prevailing Market Rate is not resolved by exchange of the Determinations, the Prevailing
Market Rate shall be determined as follows, each party being bound to its Determination and such Determinations constituting the only two choices available to the Appraisal Panel (as hereinafter defined). 

(iii) Within thirty (30) days after the parties exchange Landlord’s and Tenant’s Determinations, the parties shall each appoint
a neutral and impartial appraiser who shall be certified as an MAI or ASA appraiser and shall have at least ten (10) years’ experience, immediately prior to his or her appointment, as a real estate appraiser of office properties in the
City of San Francisco, including significant experience appraising Comparable Buildings. For purposes hereof, an “MAI” appraiser means an individual who holds an MAI designation conferred by, and is an independent member of, the
American Institute of Real Estate Appraisers (or its successor organization, or, if there is no successor organization, the organization and designation most similar), and an “ASA” appraiser means an individual who holds the Senior
Member designation conferred by, and is an independent member of, the American Society of Appraisers (or its successor organization, or, if there is no successor organization, the organization and designation most similar). If either Landlord or
Tenant fails to appoint an appraiser within said thirty (30) day period, the Prevailing Market Rate for the Extension Term shall be the Determination of the other party who timely appointed an appraiser. 

Landlord’s and Tenant’s appraisers shall work together in good faith to appoint a neutral or impartial third party appraiser within
ten (10) business days, and notify both Landlord and Tenant of such selection. The three appraisers shall then work together in good faith to decide which of the two Determinations more closely reflects the Prevailing Market Rate of the
Premises for the Extension Term. The Determination selected by such appraisers shall be binding upon Landlord and Tenant. If all three appraisers cannot agree upon which of the two Determinations more closely reflects the Prevailing Market Rate
within thirty (30) days, the decision of a majority of the appraisers shall prevail. 
 (iv) Within five (5) days following
notification of the identity of the third appraiser, Landlord and Tenant shall submit copies of Landlord’s Determination and Tenant’s Determination to the third appraiser. The three appraisers are referred to herein as the
“Appraisal Panel.” The Appraisal Panel, if it so elects, may conduct a hearing, at which 

  
 45 

 
Landlord and Tenant may each make supplemental oral and/or written presentations, with an opportunity for rebuttal by the other party and for questioning by the members of the Appraisal Panel.
Within thirty (30) days following the appointment of the third appraiser, the Appraisal Panel, by majority vote, shall select either Landlord’s Determination or Tenant’s Determination as the Prevailing Market Rate of the Premises for
the Extension Term, and shall have no right to propose a middle ground or to modify either of the two proposals or the provisions of this Lease. The decision of the Appraisal Panel shall be final and binding upon the parties, and may be enforced in
accordance with the provisions of California law. In the event of the failure, refusal or inability of any member of the Appraisal Panel to act, a successor shall be appointed in the manner that applied to the selection of the member being replaced.

 (v) Each party shall pay the fees and expenses of the appraiser appointed by such party, and
one-half of the fees and expenses of the third appraiser and the expenses incident to the proceedings of the Appraisal Panel (excluding attorneys’ fees and similar expenses of the parties which shall be
borne separately by each of the parties). 
 (c) Prevailing Market Rate. As used in this Lease, the phrase
“Prevailing Market Rate” means the amount that a landlord under no compulsion to lease the Premises, and a tenant under no compulsion to lease the Premises, would agree upon at arm’s length as Base Rent for the Premises for the
Extension Term, as of the commencement of the Extension Term. The Prevailing Market Rate shall be based upon non-sublease, non-encumbered,
non-equity lease transactions recently entered into for space in the Building and in Comparable Buildings (“Comparison Leases”) and may include periodic increases. Rental rates payable under
Comparison Leases shall be adjusted to account for variations between this Lease and the Comparison Leases with respect to: (i) the length of the Extension Term compared to the lease term of the Comparison Leases; (ii) rental structure,
including additional rent, and taking into consideration any “base year”; (iii) the size of the Premises compared to the size of the premises under the Comparison Leases; (iv) utility, location, floor levels, views and efficiencies of
the floor(s) of the Premises compared to the premises under the Comparison Leases; (v) the age and quality of construction of the Building; (vi) the value of existing leasehold improvements to Tenant; and (vii) the financial condition
and credit history of Tenant compared to the tenants under the Comparison Leases. In determining the Prevailing Market Rate, no consideration shall be given to (i) any rental abatement period granted to tenants in Comparison Leases in
connection with the design and construction of tenant improvements, (ii) whether Landlord or the landlords under Comparison Leases are paying real estate brokerage commissions in connection with Tenant’s exercise of the Extension Option or
in connection with the Comparison Leases, and (iii) moving allowances paid. For purposes of this Paragraph, “Comparable Buildings” mean those buildings located in the vicinity of the Building. 

In no event shall the Prevailing Market Rent be less than ninety percent (90%) the Base Rent paid by Tenant during the twelve months of the Lease Term
immediately preceding the Extension Term. 
 (d) Option is Personal. The rights contained in this Paragraph 55 shall be
personal to the Tenant and shall not be transferable to any assignee, sub-lessee or other transferee (other than a Tenant Affiliate) of Tenant’s interest in this Lease and may only be exercised by the
Tenant or a Tenant Affiliate if the Tenant or a Tenant Affiliate occupies at least two (2) full floors of the Building at the Expiration Date and at the commencement of the Extension Term. 

[Remainder of Page Intentionally Blank] 

  
 46 

 IN WITNESS WHEREOF, Landlord and Tenant have
executed and delivered this Lease as of the Lease Date specified in the Basic Lease Information. 
  

							
	LANDLORD:	 		 	CIVITAS EQUITY FUND I, LLC,
		 		 	a California limited liability company
				
		 		 	By:	 	 /s/ Karl Danielson

		 		 	Name: Karl Danielson
		 		 	Title: Manager

  

							
	TENANT:	 		 	CLOUDFLARE, INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	 /s/ Matthew Prince

		 		 	Name: Matthew Prince
		 		 	Title: CEO, CloudFlare, Inc.
				
		 		 	By:	 	 /s/ Michelle Zatlyn

		 		 	Name: Michelle Zatlyn
		 		 	Title: Co-founder, CloudFlare, Inc.

  
 47 

 EXHIBIT A 

DIAGRAM OF THE PREMISES 

 
 

 

  
 A-1 

 EXHIBIT B 

TENANT WORK LETTER 

This Exhibit is attached to and made a part of the Lease Agreement (the “Lease”) by and between CIVITAS
EQUITY FUND I, LLC, a California limited liability company (“Landlord”) and CLOUDFLARE, INC., a Delaware corporation (“Tenant”) for space in
the Building located at 101 Townsend Street, San Francisco, California. 
 This Tenant Work Letter shall set forth the terms and conditions
relating to the construction of the Premises. This Tenant Work Letter is essentially organized chronologically and addresses the issues of the construction of the Premises, in sequence, as such issues will arise during the actual construction of the
Premises. All references in this Tenant Work Letter to Paragraphs of “this Lease” shall mean the relevant portions of the Lease, and all references in this Tenant Work Letter to Sections of “this Tenant Work Letter” shall mean
the relevant portions of Sections 1 through 5 of this Tenant Work Letter. 
 1. DELIVERY OF THE
PREMISES 
 1.1 Delivery. Subject to Paragraph 8 of the Lease, Landlord shall deliver
the Premises promptly following the full execution and unconditional delivery of this Lease and completion of Landlord’s Work (defined below). 

1.2 Condition. Landlord shall deliver the Premises in “warm shell” condition and in conformance
with the base building standards as set forth on Exhibit B-1 hereto (the “Base Building”). Subject to the foregoing, Tenant shall accept the Premises in their then existing, “AS-IS” condition. 
 1.3 Space Plan Subsidy. In addition to
the Tenant Improvement Allowance, upon the mutual execution of the Lease and delivery of a space plan, Landlord shall reimburse Tenant’s architect for a space plan up to $0.10 per IGA. Tenant shall provide Landlord with each version of the
preliminary space plan and CAD files. If the Lease Agreement is subsequently terminated, Landlord may use said space plan in its own promotional material so long as it does not disclose proprietary information about the Tenant’s business or
refer to the Tenant in such promotional material and provided Landlord releases Tenant’s architect from all liability for such space plan. 

2. TENANT IMPROVEMENTS 

2.1 Tenant Improvement Allowance. Tenant shall be entitled to a
one-time tenant improvement allowance (the “Tenant Improvement Allowance”) in the amount of Two Million One Hundred Seventy-Five Thousand Nine Hundred Fifty Dollars ($2,175,950.00) for the
costs relating to the initial design (including consultant and project management fees), permitting and construction of Tenant’s improvements which are affixed to the Premises (collectively, the “Tenant Improvements”) and for
the “Tenant Improvement Allowance Items,” as that term is defined in Section 2.2(a) below. In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Tenant
Improvement Allowance. Tenant shall have no claim for any Tenant Improvement Allowance, and Landlord shall have no obligation to reimburse Tenant for any Tenant Improvement costs, that have not been requested within (10) months after the
Delivery Date. 

  
 B-1 

 2.2 Disbursement of the Tenant Improvement Allowance. 

(a) Tenant Improvement Allowance Items. Except as otherwise set forth in this Tenant Work Letter, the Tenant Improvement Allowance shall
be disbursed by Landlord only for the following items and costs (collectively, the “Tenant Improvement Allowance Items”) and, except as otherwise specifically and expressly provided in this Tenant Work Letter, Landlord shall not
deduct any other expenses from the Tenant Improvement Allowance. The Tenant Improvement Allowance Items shall consist of: 
 (i) Payment of
the fees and costs of the “Architect” and the “Engineers,” as those terms are defined in Section 3.1 of this Tenant Work Letter, costs paid to Tenant’s consultants in connection with the design, construction and move
into the Premises and all related design and construction costs, including the fees and costs of Tenant’s project management consultants; 

(ii) The payment of plan check, permit and license fees relating to construction of the Tenant Improvements; 

(iii) The cost of construction of the Tenant Improvements, including, without limitation, testing and inspection costs, and trash removal
costs, after hours utility usage, and contractors’ fees and general conditions but excluding the costs set forth in Section 5.5 of this Tenant Work Letter; 

(iv) The cost of any changes in the Base Building when such changes are required by the Construction Drawings (including if such changes are
due to the fact that such work is prepared on an unoccupied basis) or to comply with all applicable building codes, such cost to include all direct architectural and/or engineering fees and expenses incurred in connection therewith; 

(v) The cost of any changes to the Construction Drawings or Tenant Improvements required by all applicable building codes; 

(vi) Sales and use taxes; and 

(vii) All other costs approved by or expended by Tenant in connection with the construction of the Tenant Improvements, but expressly
excluding any of Tenant’s Property. 
 (b) Disbursement of Tenant Improvement Allowance. During the construction of the Tenant
Improvements, Landlord shall make monthly disbursements of the Tenant Improvement Allowance for Tenant Improvement Allowance Items for the benefit of Tenant and shall authorize the release of monies for the benefit of Tenant as follows. 

  
 B-2 

 (i) Monthly Disbursements. Once each month, or from time to time upon predetermined
milestones as mutually agreed upon by Landlord and Tenant, on a day designated by Landlord or if no date is designated by Landlord, then on the first Tuesday of each month (in either event, a “Submittal Date”) during the period from
the date hereof through the construction of the Tenant Improvements, Tenant shall deliver to Landlord: (A) a request for payment of the “Contractor,” as that term is defined in Section 4.1 of this Tenant Work Letter, and/or to
the “Architect” and/or to the “Engineers,” as such terms are defined in Section 3.1 below, and/or to Tenant’s various consultants or other persons or entities entitled to payment (or reimbursement to Tenant if Tenant
has already paid the Contractor or other person or entity entitled to payment), approved by Tenant, in a form to be provided by Landlord and Landlord’s lender, each showing the schedule, by trade, of percentage of completion of the Tenant
Improvements in the Premises, detailing the portion of the work completed; (B) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1(b) of this Tenant Work Letter, for labor rendered and materials
delivered to the Premises for the applicable payment period; (C) executed conditional mechanics’ lien releases from all of Tenant’s Agents which shall substantially comply with the appropriate provisions of California Civil Code
Section 8132 or 8136 or unconditional releases if appropriate pursuant to California Civil Code Section 8134 or 8138; provided, however, that with respect to fees and expenses of the Architect, Engineers, or construction or project
managers or other similar consultants, and/or any other pre-construction items for which the payment scheme set forth in items (A) through (C) above of this Tenant Work Letter, is not applicable
(collectively, the “Non-Construction Allowance Items”), Tenant shall only be required to deliver to Landlord on or before the applicable Submittal Date, reasonable evidence of incurring the
cost for the applicable Non-Construction Allowance Items (unless Landlord has received a preliminary notice in connection with such costs in which event conditional lien releases must be submitted in
connection with such costs); and (D) all other information reasonably requested in good faith by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials
supplied as set forth in Tenant’s payment request vis-à-vis Landlord. Within fifteen (15) days following the Submittal Date, and assuming Landlord
receives all of the information described in items (A) through (D) above in Landlord’s lender prescribed form, Landlord shall use commercially reasonable best efforts to deliver a check to Tenant made jointly payable to Contractor and
Tenant or if Tenant elects, to the Contractor, subcontractor, architect, engineer or consultant designated by Tenant and/or a separate check to Tenant where Tenant has provided evidence reasonably satisfactory to Landlord that Tenant has paid such
Contractor (or other supplier of services or goods) accompanied when appropriate by unconditional lien releases, or any other provider of goods and services designated by Tenant to Landlord, and Tenant in payment of the lesser of: (1) the
amounts so requested by Tenant, as set forth above in this Section 2.2(b)(i), less a ten percent (10%) retention (the aggregate amount of such retentions to be known as the “Final Retention”); provided, however, that no such
retention shall be duplicative of the retention Tenant would otherwise withhold (but will not withhold) pursuant to its agreement with such Contractor and no such deduction shall be applicable to amounts due to Tenant’s consultants, the
Architect, or the Engineer or for Non-Construction Allowance Items or other Tenant Improvement Allowance Items in connection with the payment of suppliers for materials delivered to the Premises and
subcontractors for completing performance of their work substantially in advance of the completion of the Tenant Improvements, and (2) the balance of any remaining available portion of the Tenant Improvement Allowance (not including the Final
Retention). In the event that Landlord or Tenant identifies any material non-compliance with the “Approved Construction Drawings,” as that term is defined in Section 3.4 below, or substandard
work, Landlord or Tenant as appropriate shall be provided a detailed statement identifying such 

  
 B-3 

 
material non-compliance or substandard work by the party claiming the same, and Tenant shall cause such work to be corrected. Such procedure shall also be
applicable in connection with the payment of the Final Retention. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment
request. If Tenant receives a check payable to anyone other than solely to Tenant, Tenant may return such check to Landlord and receive a replacement check made payable only to Tenant within ten (10) business days, if Tenant provides the
releases and evidence to the extent required above to receive a check payable solely to Tenant. 
 (ii) Final Retention. A check for
the Final Retention payable jointly to Tenant and Contractor (or payable solely to Tenant if Contractor is no longer owed any money by Tenant for work performed in the Premises) shall be delivered by Landlord to Tenant following the completion of
construction of the Premises, provided that (A) Tenant delivers to Landlord properly executed mechanics lien releases in compliance with both California Civil Code Section 8134 and either Section 8136 or Section 8138, (B)
Architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying that the construction of the Tenant Improvements in the Premises has been substantially completed in accordance with the terms of this Tenant Work
Letter, and (C) Tenant fulfills its obligations pursuant to clause (i) of Section 4.3 of this Tenant Work Letter. 
 (iii)
Other Terms. Landlord shall only be obligated to make disbursements from the Tenant Improvement Allowance to the extent costs are incurred by Tenant for Tenant Improvement Allowance Items. 

2.3 Standard Tenant Improvement Package. Landlord has established specifications (the
“Specifications”) for the Building standard components to be used in the construction of the Tenant Improvements in the Premises, which Specifications have been or shall be supplied to Tenant. The quality of Tenant Improvements
shall be equal to or of greater quality than the quality of the Specifications, provided that the Tenant Improvements shall comply with certain Specifications as designated by Landlord, including, without limitation, doors and ceiling systems. 

3. CONSTRUCTION DRAWINGS 

3.1 Selection of Architect/Construction Drawings. Tenant shall retain an architect/space planner approved by
Landlord, which approval shall not be unreasonably withheld or delayed (the “Architect”) to prepare the “Construction Drawings,” as that term is defined in this Section 3.1. Tenant shall retain the engineering
consultants approved by Landlord (the “Engineers”), which approval shall not be unreasonably withheld or delayed, to prepare all plans and engineering working drawings relating to the structural, mechanical, electrical, plumbing,
HVAC, lifesafety, and sprinkler work in the Premises, which work is not part of the Base Building. The plans and drawings to be prepared by Architect and the Engineers hereunder shall be known collectively as the “Construction
Drawings.” All Construction Drawings shall comply at a minimum with Landlord’s Specifications and shall be in a drawing format reasonably acceptable to Landlord, however, as provided in Section 3.3 below, in order to expedite
plans and construction, Tenant may submit for Landlord’s review the Engineered Drawings separately from the Architectural Drawings. Landlord’s review of the Construction 

  
 B-4 

 
Drawings as set forth in this Section 3, shall be for its sole purpose and shall not imply Landlord’s review of the same, or obligate Landlord to review the same, for quality, design,
Code compliance or other like matters. Accordingly, notwithstanding that any Construction Drawings are reviewed by Landlord or its space planner, architect, engineers and consultants, and notwithstanding any advice or assistance which may be
rendered to Tenant by Landlord or Landlord’s space planner, architect, engineers, and consultants, Landlord shall have no liability whatsoever in connection therewith, except to the extent that Landlord has specifically requested a modification
to the Construction Drawings as a condition to Landlord’s approval of the Construction Drawings, and shall not be responsible for any omissions or errors contained in the Construction Drawings, and Tenant’s waiver and indemnity set forth
in this Lease shall specifically apply to the Construction Drawings. Furthermore, Tenant and Architect shall verify, in the field, the dimensions and conditions as shown on the relevant portions of the base building drawings, and Tenant and
Architect shall be solely responsible for the same, and Landlord shall have no responsibility in connection therewith. Each time Landlord is granted the right to review, consent or approve the Construction Drawings or any component thereof
(collectively, “Consent”), such Consent shall not be unreasonably withheld, conditioned or delayed. 
 3.2
Final Space Plan. Tenant and the Architect shall prepare the final space plan for the Tenant Improvements (the “Final Space Plan”), and shall deliver the Final Space Plan to Landlord for Landlord’s
approval. The Final Space Plan shall show all corridors, internal and external offices and partitions, and exiting. Landlord shall, within five (5) business days after Landlord’s receipt of the Final Space Plan (i) approve the Final
Space Plan, (ii) approve the Final Space Plan subject to specified conditions to be complied with when the Final Working Drawings are submitted by Tenant to Landlord, or (iii) disapprove the Final Space Plan and return the same to Tenant
with requested revisions. Any failure by Landlord to respond to Tenant’s request for approval shall be deemed a disapproval. If Landlord disapproves the Final Space Plan, Tenant may resubmit the Final Space Plan to Landlord at any time, and
Landlord shall approve or disapprove of the resubmitted Final Space Plan, based upon the criteria set forth in this Section 3.2, within five (5) business days after Landlord receives such resubmitted Final Space Plan. Such procedures shall
be repeated until the Final Space Plan is approved. The Final Space Plan may be provided by Tenant to Landlord in one or more stages and at one or more times and the time periods set forth herein shall apply to each portion submitted. 

3.3 Completion of Construction Drawings. Once Landlord has approved the Final Space Plan, Tenant, the
Architect and the Engineers shall complete the Construction Drawings for the Premises in a form which is sufficient to allow contractors to bid on the work and to obtain applicable permits and shall submit such Construction Drawings to Landlord for
Landlord’s approval. Such Construction Drawings may be submitted in one or more stages at one or more times, provided that Tenant shall ultimately supply Landlord with four (4) completed copies signed by Tenant of such Construction
Drawings. Landlord shall, within ten (10) business days after Landlord’s receipt of each stage of the Construction Drawings, either (i) approve the Construction Drawings, (ii) approve the Construction Drawings subject to
specified conditions which must be stated in a reasonably clear and complete manner to be satisfied by Tenant prior to submitting the Approved Construction Drawings for permits as set forth in Section 3.4 below of this Tenant Work Letter, or
(iii) disapprove and return the Construction Drawings to Tenant with requested revisions. Any failure by Landlord to respond to Tenant’s request for approval shall be deemed a disapproval. If Landlord disapproves the Construction Drawings,
Tenant may 

  
 B-5 

 
resubmit the Construction Drawings to Landlord at any time, and Landlord shall approve or disapprove the resubmitted Construction Drawings, based upon the criteria set forth in this
Section 3.3, within five (5) business days after Landlord receives such resubmitted Construction Drawings. Such procedure shall be repeated until the Construction Drawings are approved. 

3.4 Approved Construction Drawings. The Construction Drawings for the Tenant Improvements shall be approved
by Landlord (the “Approved Construction Drawings”) prior to the commencement of construction of the Tenant Improvements. In the event that Tenant shall submit the Construction Drawings to Landlord in more than one stage, Landlord
shall be entitled to approve a stage and to subsequently disapprove of such stage, provided that a problem is found to exist which is evident only following Landlord’s review of subsequent drawings. Upon receipt of Landlord’s approval,
Tenant shall submit the Approved Construction Drawings to the appropriate municipal authorities for all applicable building permits required in connection with the construction of the Tenant Improvements (“Permits”). Tenant shall be
responsible for obtaining all such Permits; provided, however, Tenant shall coordinate with Landlord in order to allow Landlord, at its option, to take part in all phases of the permitting process. Tenant shall supply Landlord, as soon as possible,
with all plan check numbers and dates of submittal. Tenant hereby agrees that neither Landlord nor Landlord’s consultants shall be responsible for obtaining any Permits or certificate of occupancy for the Premises and that obtaining the same
shall be Tenant’s responsibility; provided, however, that Landlord shall cooperate with Tenant in performing ministerial acts reasonably necessary to enable Tenant to obtain any such Permits or certificate of occupancy. No material changes,
modifications or alterations in the Approved Construction Drawings may be made without the prior written consent of Landlord pursuant to the terms of Section 3.5 below. Tenant shall pursue its Permits with all due diligence. 

3.5 Change Orders. In the event Tenant desires to change the Approved Construction Drawings, Tenant shall
deliver notice (the “Drawing Change Notice”) of the same to Landlord, setting forth in detail the changes (the “Tenant Change”) Tenant desires to make to the Approved Construction Drawings. Landlord shall, within
four (4) business days of receipt of a Drawing Change Notice either (i) approve the Tenant Change, or (ii) disapprove the Tenant Change and deliver a notice to Tenant specifying in reasonably sufficient detail the reasons for
Landlord’s disapproval. Any failure by Landlord to respond to Tenant’s request for approval shall be deemed a disapproval. Any additional costs which arise in connection with such Tenant Change shall be paid by Tenant; provided, however,
that to the extent the Tenant Improvement Allowance has not been depleted, such payment shall be made out of the Tenant Improvement Allowance. 

4. CONSTRUCTION OF THE TENANT IMPROVEMENTS 

4.1 Tenant’s Selection of Contractors. 

(a) The Contractor. Tenant shall retain a licensed general contractor (the “Contractor”)
pre-approved by Landlord, which approval shall not be unreasonably withheld or delayed, prior to Tenant causing the Contractor to construct the Tenant Improvements. 

  
 B-6 

 (b) Tenant’s Contractors. The Contractor, Contractor’s subcontractors, and
all major trade subcontractors and suppliers used by Tenant (such major trade subcontractors and material suppliers along with all other laborers, materialmen, and suppliers, and the Contractor to be known collectively as “Tenant’s
Agents”) must be approved in writing by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed, provided that, subject to the terms hereof, Tenant shall cause Landlord’s designated structural, mechanical
and life safety subcontractors to be retained in connection with the Tenant Improvements. If Landlord does not approve any of Tenant’s proposed subcontractors, laborers, materialmen or suppliers, Tenant shall submit other proposed
subcontractors, laborers, materialmen or suppliers for Landlord’s written approval. The Contractor and the Contractor’s subcontractors (collectively, “Tenant’s Contractors”) and their respective workers shall conduct
their activities in and around the Premises, the Building and the Project in a harmonious relationship with all other subcontractors, laborers, materialmen and supplies at the Premises, the Building and the Project. 

4.2 Construction of Tenant Improvements by Tenant’s Contractors. 

(a) Construction Contract; Cost Budget. Prior to Tenant’s execution of the construction contract and general conditions with
Contractor (the “Contract”), Tenant shall submit the Contract to Landlord for its approval, which approval shall not be unreasonably withheld or delayed. Prior to the commencement of the construction of the Tenant Improvements, and
after Tenant has accepted all bids for the Tenant Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, of the final costs to be incurred or which have been incurred, as set forth more particularly in Sections 2.2(a)(i)
through 2.2(a)(vii) above, in connection with the design and construction of the Tenant Improvements to be performed by or at the direction of Tenant or the Contractor, which costs form a basis for the amount of the Contract (the “Final
Costs”). Prior to the commencement of construction of the Tenant Improvements, Tenant shall supply Landlord with cash in an amount (the “Over-Allowance Amount”) equal to the difference between the amount of the Final Costs
and the amount of the Tenant Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the commencement of construction of the Tenant Improvements). The
Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any of the then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement
Allowance. In the event that, after the Final Costs have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Tenant Improvements shall change, any additional costs necessary to such design and construction
in excess of the Final Costs, shall be paid by Tenant to Landlord immediately as an addition to the Over-Allowance Amount or at Landlord’s option, Tenant shall make payments for such additional costs out of its own funds, but Tenant shall
continue to provide Landlord with the documents described in clauses (A), (B), (C) and (D) of Section 2.2(b)(i) above of this Tenant Work Letter, for Landlord’s approval, prior to Tenant paying such costs. 

(b) Tenant’s Agents. 

(i) Landlord’s General Conditions for Tenant’s Agents and Tenant Improvement Work. Tenant’s and Tenant’s
Agents’ construction of the Tenant Improvements shall comply with the following: (A) the Tenant Improvements shall be constructed in material conformance with the Approved Construction Drawings; (B) Tenant and Tenant’s Agents
shall use commercially reasonable efforts not to interfere with, obstruct, or delay, the work of 

  
 B-7 

 
Landlord’s Base Building contractor and subcontractors with respect to the Base Building or any other work at the Project; (C) Tenant’s Contractors shall submit schedules of all
work relating to the Tenant Improvements to Landlord and Landlord shall, within five (5) business days of receipt thereof, inform Tenant and Tenant’s Contractors of any changes which are reasonably necessary thereto in order to avoid
interference with Landlord’s work and Tenant’s Contractors shall adhere to such corrected schedule; and (D) Tenant shall abide by all construction guidelines and reasonable rules made by Landlord’s Building manager with respect
to any matter, within reason, in connection with this Tenant Work Letter, including, without limitation, the construction of the Tenant Improvements. 

(ii) Indemnity. Tenant’s indemnity of Landlord as set forth, qualified and conditioned in this Lease shall also apply with
respect to any and all costs, losses, damages, injuries and liabilities related in any way to any act or omission of Tenant or Tenant’s Agents, or anyone directly or indirectly employed by any of them, or in connection with Tenant’s
nonpayment of any amount arising out of the Tenant Improvements and/or Tenant’s disapproval of all or any portion of any request for payment. The waivers of subrogation set forth in this Lease pertaining to property damage shall be fully
applicable to damage to property arising as a result of any work performed pursuant to the terms of this Tenant Work Letter and Tenant shall be excused from its indemnification obligation to the extent Landlord’s damage is covered by insurance
required to be carried by Landlord under the Lease and as to which the waiver of subrogation is applicable. 
 (iii) Requirements of
Tenant’s Agents. Tenant’s Contractor shall guarantee to Tenant and for the benefit of Landlord that the portion of the Tenant Improvements for which it is responsible shall be free from any defects in workmanship and materials for a
period of not less than one (1) year from the date of completion thereof. Tenant’s Contractor shall be responsible for the replacement or repair, without additional charge, of all work done or furnished in accordance with its contract that
shall become defective within one (1) year after the Commencement Date. All such warranties or guarantees as to materials or workmanship of or with respect to the Tenant Improvements shall be contained in the Contract or subcontract and shall
be written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interests may appear, and can be directly enforced by either. Tenant covenants to give to Landlord any assignment or other
assurances which may be necessary to effect such right of direct enforcement. 
 (iv) Insurance Requirements. 

(A) General Coverages. All of Tenant’s Agents shall carry worker’s compensation insurance covering all of
their respective employees, and shall also carry public liability insurance, including property damage, all with limits, in form and with companies as are required to be carried by Tenant as set forth in this Lease (provided that the limits of
liability to be carried by Tenant’s Agents and Contractor, shall be in an amount which is customary for such respective Tenant’s Agents employed by tenants constructing improvements in the Comparable Buildings), and the policies therefor
shall insure Landlord and Tenant, as their interests may appear, as well as the Contractor and subcontractors. 

  
 B-8 

 (B) Special Coverages. Contractor shall carry “Builder’s
All Risk” insurance, in an amount approved by Landlord but not more than the amount of the Contract, covering the construction of the Tenant Improvements, and such other insurance as Landlord may reasonably require, it being understood and
agreed that the Tenant Improvements shall be insured by Tenant pursuant to this Lease immediately upon completion thereof. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by
Landlord (to the extent they are generally required by landlords of Comparable Buildings) and shall be in a form and with companies as are required to be carried by Tenant pursuant to the terms of this Lease. 

(C) General Terms. Certificates for all insurance carried pursuant to this Section 4.2(b)(iv) shall be delivered to
Landlord before the commencement of construction of the Tenant Improvements and before the Contractor’s equipment is moved onto the Project. All such policies of insurance must contain a provision that the company writing said policy will give
Landlord thirty (30) days’ prior notice of any cancellation or lapse of the effective date or any reduction in the amounts of such insurance. In the event that the Tenant Improvements are damaged by any cause during the course of the
construction thereof and this Lease is not terminated, Tenant shall immediately repair the same at Tenant’s sole cost and expense. Tenant’s Agents shall maintain all of the foregoing insurance coverage in force until the completion of the
Tenant Improvements. All such insurance relating to property, except Workers’ Compensation, maintained by Tenant’s Agents shall preclude subrogation claims by the insurer against anyone insured thereunder. Such insurance shall provide that
it is primary insurance as respects the owner and that any other insurance maintained by Landlord is excess and noncontributing with the insurance required hereunder. The requirements for the foregoing insurance shall not derogate from the
provisions for indemnification of Landlord by Tenant under Section 4.2(b)(ii) of this Tenant Work Letter and Tenant’s right with respect to the waiver of subrogation. 

(c) Governmental Compliance. The Tenant Improvements shall comply in all respects with the following: (i) all Laws;
(ii) applicable standards of the American Insurance Association (formerly, the National Board of Fire Underwriters) and the National Electrical Code; (iii) the applicable standards of the then current International Building Code;
(iv) building material manufacturer’s specifications; and (v) Landlord’s “green building” requirements and/or its “savings by design” criteria as the same relate to interior lighting (collectively, the
“Code”). 
 (d) Inspection by Landlord. Landlord shall have the right to inspect the Tenant Improvements at all
reasonable times; provided, however, that Landlord’s failure to inspect the Tenant Improvements shall in no event constitute a waiver of any of Landlord’s rights hereunder nor shall Landlord’s inspection of the Tenant Improvements
constitute Landlord’s approval of the same. In the event that Landlord should disapprove any portion of the Tenant Improvements during an inspection, Landlord shall notify Tenant in writing within a reasonable time of such inspection of such
disapproval and shall specify in reasonably sufficient detail the items disapproved. Any defects or deviations in, and/or disapprovals in accordance herewith by Landlord of, the Tenant Improvements shall be rectified by Tenant at Tenant’s
expense and at no additional expense to Landlord; provided, however, that in the event Landlord determines that a defect or deviation exists or reasonably disapproves of any matter in connection with any portion of the Tenant Improvements, Landlord
may, following notice to Tenant and a reasonable period of time for Tenant to cure, take such action as Landlord deems necessary to correct the same, at Tenant’s expense, and at no additional expense to Landlord, and without incurring any
liability on Landlord’s part. 

  
 B-9 

 (e) Meetings. Commencing upon the execution of this Lease, Tenant shall hold periodic
meetings at a reasonable time, with the Architect and the Contractor regarding the progress of the preparation of Construction Drawings and the construction of the Tenant Improvements, which meetings shall be held at a location reasonably designated
by Landlord, and Landlord and/or its agents shall receive prior notice of, and shall have the right to attend, all such meetings, and, upon Landlord’s request, certain of Tenant’s Agents shall attend such meetings. In addition, minutes
shall be taken at all such meetings, a copy of which minutes shall be promptly delivered to Landlord. One such meeting each month shall include the review of Contractor’s current request for payment. 

(f) Timing. Tenant shall use its best, good faith, efforts and all due diligence to (i) cooperate with the Landlord to complete
all phases of the space planning process, preparation of the Approved Construction Documents, estimating and bidding, and the permitting process in order to receive the Permits and be prepared to start Tenant Improvements upon the Commencement Date;
(ii) coordinate Tenant’s pre-commencement construction schedule with Landlord’s Base Building Work construction schedule; and (iii) proceed with its work expeditiously, continuously and
efficiently, and shall use its diligent efforts to complete the same within One Hundred and Twenty (120) days after the Commencement Date. 

4.3 Notice of Completion; Copy of Record Set of Plans. Within ten (10) days after completion of
construction of the Tenant Improvements, Tenant shall prepare a Notice of Completion, which Landlord shall execute if factually correct, and Tenant shall cause such Notice of Completion to be recorded in the office of the Recorder of the City and
County of San Francisco in accordance with Section 8182 of the Civil Code of the State of California or any successor statute, and shall furnish a copy thereof to Landlord upon such recordation. If Tenant fails to do so, Landlord may
execute and file the same on behalf of Tenant as Tenant’s agent for such purpose, at Tenant’s sole cost and expense. At the conclusion of construction, (i) Tenant shall cause the Architect and Contractor (A) to update the
Approved Construction Drawings as necessary to reflect all changes made to the Approved Construction Drawings during the course of construction, (B) to certify to the best of their knowledge that the updated drawings are true and correct, which
certification shall survive the expiration or termination of this Lease, and (C) to deliver to Landlord two (2) CD-ROMs of such updated Approved Construction Drawings, in CADD format, within thirty
(30) days following issuance of a certificate of occupancy for the Premises, and (ii) Tenant shall deliver to Landlord a copy of all warranties, guaranties, and operating manuals and information relating to the improvements, equipment, and
systems in the Premises. 
 5. MISCELLANEOUS 

5.1 Tenant’s Representative. Tenant shall designate in writing its representative with respect to the matters set
forth in this Tenant Work Letter, who shall have full authority and responsibility to act on behalf of the Tenant as required in this Tenant Work Letter. 

  
 B-10 

 5.2 Landlord’s Representative. Landlord has designated Doug Dahlin
and Karl Danielson as its representatives with respect to the matters set forth in this Tenant Work Letter, who, until further notice to Tenant, shall have full authority and responsibility to act on behalf of the Landlord as required in this Tenant
Work Letter. 
 5.3 Time of the Essence in This Tenant Work Letter. Unless otherwise indicated, all
references herein to a “number of days” shall mean and refer to calendar days. If any item requiring approval is timely disapproved by Landlord, the procedure for preparation of the document and approval thereof shall be repeated until the
document is approved by Landlord. 
 5.4 Tenant’s Lease Default. Notwithstanding any terms to the contrary
contained in this Lease, if Tenant is in default of this Lease (including, without limitation, this Tenant Work Letter) at any time on or before the completion of the Tenant Improvements, then (i) in addition to all other rights and remedies
granted to Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Tenant Improvement Allowance and/or Landlord may cause Contractor to cease the construction of the Tenant Improvements (in
which case, Tenant shall be responsible for any delay in the completion of the Tenant Improvements caused by such work stoppage), and (ii) all other obligations of Landlord under the terms of this Tenant Work Letter shall be suspended until
such time as such default is cured pursuant to the terms of the Lease (in which case, Tenant shall be responsible for any delay in the completion of the Tenant Improvements caused by such inaction by Landlord). Notwithstanding the forgoing, if a
default by Tenant is cured, forgiven or waived, Landlord’s suspended obligations shall be fully reinstated and resumed, effective immediately. 

5.5 No Miscellaneous Charge. During the Tenant Improvement construction period and move-in, Landlord shall provide commercially reasonable use of freight elevators and/or loading docks during the Business Hours and commercially reasonable use of water, electricity and restrooms to the extent
utilized in connection with the construction of the Tenant Improvements, subject to such policies and procedures as Landlord shall prescribe. 

  
 B-11 

 EXHIBIT B-1 

BASE BUILDING STANDARDS 

The Building shall be delivered by Landlord to Tenant in “warm shell” with improvements and materials as follows (collectively, the
“Base Building Work”): 
 Description of Original Building: 

 

	 	1.	 The Building is a reinforced concrete structure with window bays on three sides, and attached at a common
concrete wall on the southwest side. It is three (3) stories above ground and a single story Lower Level. The Townsend Street (northwest) side First Floor is approximately flush with the sidewalk. The Second Street (northeast) side First Floor
is along a sloping sidewalk/street and is approximately flush with the sidewalk at Townsend Street and several feet above grade at the east corner and along the southeast side of the Building. 

 

	 	2.	 The Building perimeter and the Lot property are the same on three sides (Southwest Common wall; Northwest
Townsend Street; Northeast Second Street). Along the Southeast Building perimeter is an area of vacant land approximately 16 feet wide running the length of the Southeast wall. It is gated. 

Description of Phase 1 Improvements: 
  

	 	1.	 All work pursuant to approved plans Titled: PHASE 1-STAIR, ELEVATOR,
AND SEISMIC UPGRADE for 101 TOWNSEND STREET (a copy of which is to be provided to Tenant by Landlord, and shall be considered an attachment to this lease) including: 

 

	 	2.	 Interior demolition of existing TI’s and common areas 

 

	 	3.	 Removal of Freight elevator 

 

	 	4.	 Seismic upgrade 

  

	 	5.	 Two new stairs, each from Lower level to third floor, functioning as general use and as required fire exit
ways. 

  

	 	6.	 Protected fire exit ways from each stairwell to the exterior of the building at the first floor.

  

	 	7.	 One new passenger elevator 

 

	 	8.	 Lowering of the Lower Level Floor approximately two feet. 

Description of Phase 2 Improvements: 
  

	 	1.	 All work pursuant to plans and specifications Titled: PHASE 2-CORE
UPGRADES for 101 Townsend Street, prepared by Dahlin Group Architects (preliminary, final and City of San Francisco approved copies of which as they are developed shall be provided to Tenant by Landlord, and shall be considered an attachment to this
lease) including: 

  
 B-1-1 

	 	2.	 Replacement of all windows on floors 2 & 3 

 

	 	3.	 Replacement of selected windows and loading doors on First Floor and Lower Level. 

 

	 	4.	 Exterior of the Building to be cleaned, repainted, and re-colored

  

	 	5.	 New elevator and stairs to be extended to provide access roof and construction of an outdoor roof deck.

 NOTE: Design plans were submitted to San Francisco Planning Department in August of 2013 and are still pending review
and approval. Landlord hereby discloses that Landlord’s Base Building Work as illustrated in its promotional material has not yet been approved by the City of San Francisco Planning Department as related to roof deck, window replacement, and
building color. Landlord cannot predict the time frame or likelihood of said approval, and therefore Landlord cannot commit to any completion performance remedy until after such Planning Approvals are secured. Further, any illustration of signage in
Landlord’s promotional material has not been approved by City of San Francisco Planning Department and Landlord is making no application for signage. Building signage approval is solely the responsibility of the Tenant. 

 

	 	6.	 Restrooms: Men’s and Women’s restrooms in configurations similar to that shown on pages B-1-4 through B-1-7 of this Exhibit B-1,
except that the men’s restrooms on the second and third floors shall have four (4) fixtures, rather than the two (2) shown on such plans. 

  

	 	7.	 Installation of Building HVAC system consisting of variable refrigerant flow rooftop units piped to
distribution manifolds on each floor and makeup air trunk duct at each floor 

  

	 	8.	 Base Building electrical service is 1200 Amp, 120/208V, 3-phase. Total
power available for the Building is approximately 1,200 Amps or 432KVA or approximately 10 watts/SF. Building loads for HVAC, restroom water heaters, elevator, common area lighting and other misc. loads are approximately 158KVA or 441 Amps.
Electrical service capacity is approximately 759 Amps or 6.25 Watts/SF with branch supply to electrical distribution cabinets on each floor. 

  

	 	9.	 All means of entrance and egress to the Building shall be fully compliant with all applicable law on the
Delivery Date and upon delivery all base building structure and systems will be in conformance to current codes with the exception of areas of base building that are to be modified by Tenant as part of tenant improvements. (i.e.: Front Lobby is a
protected exit way and may remain unfinished pending Tenant Improvement enhancements.) 

  
 B-1-2 

	 	10.	 Base building stud walls will be finished with gypsum wall board on common area finished side and left bare
stud on Tenant side to accommodate any T1 in the wall utilities. 

  

	 	11.	 New concrete and shotcrete work will be left exposed. 

 

	 	12.	 Existing concrete shell and structure will be reasonably cleaned and any hazardous material will be either
removed or encapsulated in accordance with law. 

  
 B-1-3 

 

 

  
 B-1-4 

 

 

  
 B-1-5 

 

 

  
 B-1-6 

 

 

  
 B-1-7 

 Exhibit C 

Commencement and Expiration Date Memorandum 

LANDLORD: Civitas Equity Fund I, LLC 

TENANT: CloudFlare, Inc. 

LEASE DATE: April 18, 2014 

PREMISES: Located at 101 Townsend Street, San Francisco, California 94107 

Tenant hereby accepts the Premises as being in the condition required under the Lease with all Base Building Improvements completed (except
for minor Punch List items described in Exhibit C-1, which Landlord agrees to complete). 
 Landlord
and Tenant hereby acknowledge that due to requirements of the City of San Francisco (unforeseen at the time of the Lease Date), it is necessary to include the following individually signed sub-Exhibits to this
Exhibit C including and limited to: 
 C-1: Punch List 

C-2: Revised Base Building Plan removing 1640 square feet of Tenant Lease area from ground floor at
the corner of 2nd and Townsend St 
 C-3:
Schedule of financial adjustments reflecting reduction in lease area by 1640 sf. and compensating Tenant for various costs of delay. 
 C-4: Schedule of Landlord’s Tenant Improvement funds spent to date of commencement. 
 The
Commencement Date of this Lease is hereby established as April 24, 2015 and the expiration date is October 31, 2022. 
  

					
	TENANT:	 	CloudFlare, Inc., a Delaware corporation
			
		 	By: 	 	/s/ Michelle Zatlyn
		 	Name: Michelle Zatlyn
		 	Title: Director, CloudFlare

					
			
	                    	 	By:	 	 
		 	(Name):	 	 
		 	Title:	 	 

					
		
	LANDLORD:	 	Civitas Equity Fund I, LLC
			
		 	By:	 	 /s/ Doug Dahlin        4/24/15
		 	(Name): Doug Dahlin
		 	Title: Manager

  
 C-1 

 EXHIBIT C-1 PUNCH LIST 

Punch List of Items to be completed by Landlord as part of Base Building work 

GENERAL/THROUGHOUT: 
  

	 	1.	 Finalize elevator installation (approximately four weeks for construction and state sign-off). 

  

	 	2.	 Install drinking fountains (fountains are onsite, but will not be installed until after tenant sheetrock on the
walls has been installed). 

  

	 	3.	 Cover all open junction boxes. 

 

	 	4.	 Remove bolts, straps and hangars embedded in the concrete slab (floor and ceiling). 

 

	 	5.	 Sack and patch beams and joists where re-bar is exposed.

  

	 	6.	 Fill of any miscellaneous interior to exterior gaps. 

 

	 	7.	 Miscellaneous touch up painting. 

BASEMENT: 
  

	 	1.	 Close open-air louvres and make weather-tight @ alley side of plan.

  

	 	2.	 FLS panel in basement doesn’t appear to be functional. 

 

	 	3.	 Clean up, level spilled concrete spatter. 

 

	 	4.	 If unneeded, remove temporary electrical cord running to street vault. 

 

	 	5.	 Provide a second shower per San Francisco requirements 

1ST FLOOR: 

 

	 	1.	 Removal of BoConcept window film 

 

	 	2.	 Add filler panels to roll up door @ 2nd street side where
former loading dock steel ramp is. The new roll up doors only come down to ramp and there is an approximately 3“x4” air gap on either side of the metal ramp. 

 

	 	3.	 Fill gash in concrete slab near roll-up doors. 

 

	 	4.	 Exposed rebar in ceiling beam @ future location of room 112 (large conf room). 

 

	 	5.	 Patch drywall @exterior wall column next to main entry on Townsend where it is cut open and unfinished.

  

	 	6.	 Level floor at southwest corner. 

2ND FLOOR: 

 

	 	1.	 Grind down metal rebar/post sticking up from slab @ drinking fountain and at area 203 (room number in ASD
drawings). 

  

	 	2.	 Grind down and float unlevel floor in front of restrooms. 

 

	 	3.	 2nd floor restrooms were not visible at time of punch
walk. 

  

	 	4.	 Tighten nuts on steel support girders. 

  
 C-2 

 3RD FLOOR: 

 

	 	1.	 Cut PVC pipes in concrete demising wall—Column line A between 4 and 5. 

 

	 	2.	 Empty electrical box on stairwell wall right next to Column C4. Patch and repair wall or terminate with
intended device. 

  

	 	3.	 Replace one toilet partition panel in 3rd Floor
Women’s Restroom (wrong color). 

  

	 	4.	 Tighten nuts on steel support girders. 

 

	 	5.	 3rd floor restrooms were not visible at time of punch
walk. 

 ROOFTOP/EXTERIOR 
  

	 	1.	 Add water spigot to roof deck for maintenance. 

 

	 	2.	 Metal awning was installed despite prior agreement to hold off for Tenant signage. 

 

					
	TENANT:	 	CloudFlare, Inc., a Delaware corporation
			
		 	By: 	 	/s/ Michelle Zatlyn
		 	(Name): Michelle Zatlyn
		 	Title: Director, CloudFlare

					
			
	                	 	By (Name):	 	 
		 	Title:	 	 

					
		
	LANDLORD:	 	Civitas Equity Fund I, LLC
			
		 	By: 	 	/s/ Doug Dahlin         4/24/15
		 	(Name): Doug Dahlin
		 	Title: Manager

  
 C-3 

 EXHIBIT D 

RULES AND REGULATIONS 

This Exhibit, entitled “Rules and Regulations,” is and shall constitute Exhibit D to the Lease Agreement, dated as of
the Lease Date, by and between Landlord and Tenant for the Premises. The terms and conditions of this Exhibit D are hereby incorporated into and are made a part of the Lease. Capitalized terms used, but not otherwise defined, in this
Exhibit D have the meanings ascribed to such terms in the Lease. 
 1. Tenant shall not use any method of heating or air
conditioning other than that supplied by Landlord without the consent of Landlord. 
 2. All window coverings installed by Tenant and
visible from the outside of the building require the prior written approval of Landlord. 
 3. Tenant shall not use, keep or permit to be
used or kept any foul or noxious gas or substance or any flammable or combustible materials on or around the Premises, except to the extent that Tenant is permitted to use the same under the terms of Paragraph 33 of the Lease. 

4. Tenant shall not alter any lock or install any new locks or bolts on any door at the Premises without the prior consent of Landlord. 

5. Tenant shall not make any duplicate keys or key cards to the Premises or the Building without the prior consent of Landlord. 

6. Tenant is responsible for the storage and removal of all trash and refuse. All such trash and refuse shall be contained in suitable
receptacles stored behind screened enclosures at locations approved by Landlord. 
 7. Tenant shall not permit any animals, including, but
not limited to, any household pets (but excluding service animals, which are permitted), to be brought or kept in or about the Premises, the Building, the Project, except as provided in the Lease. 

  
 D-1 

 EXHIBIT E 

FORM OF ESTOPPEL CERTIFICATE 

CLOUDFLARE, INC., a Delaware corporation (herein “Tenant”) hereby certifies to
______, a _______ and its successors and assigns and any lender to any such party that (A) Tenant leases from CIVITAS EQUITY FUND I, LLC, a California limited liability company
(“Landlord”) approximately _____ square feet of space (the “Premises”) in ______ pursuant to that certain Lease Agreement dated _______, _______ by and between Landlord and Tenant, as amended by _____ (collectively,
the “Lease”), a true and correct copy of which is attached hereto as Exhibit A, and (B) as of the date hereof: 

1. The Lease is in full force and effect and has not been modified, supplemented or amended, except as set forth in the introductory Paragraph
hereof. 
 2. Tenant is in actual occupancy of the Premises under the Lease and Tenant has accepted the same. Landlord has performed all
obligations under the Lease to be performed by Landlord, including, without limitation, completion of all tenant work required under the Lease and the making of any required payments or contributions therefor. Tenant is not entitled to any further
payment or credit for tenant work. 
 3. The initial term of the lease commenced _____, _____ and shall expire _____, _____. Tenant has the
following rights to renew or extend the term of the Lease or to expand the Premises: ______. 
 4. Tenant has not paid any rentals or other
payments more than one (1) month in advance except as follows: _______. 
 5. Base Rent payable under the Lease is ______ Dollars
($_____). Base Rent and Additional Rent have been paid through ______, _____. There currently exists no claims, defenses, rights of set-off or abatement to or against the obligations of Tenant to pay Base Rent
or Additional Rent or relating to any other term, covenant or condition under the Lease. 
 6. There are no concessions, bonuses, free
months’ rent, rebates or other matters affecting the rentals except as follows: _______. 
 7. No security or other deposit has been
paid with respect to the Lease except as follows: _______. 
 8. Landlord is not currently in default under the Lease and there are no
events or conditions existing which, with or without notice or the lapse of time, or both, could constitute a default of the Landlord under the Lease or entitle Tenant to offsets or defenses against the prompt payment of rent except as follows:
______. Tenant is not in default under any of the terms and conditions of the lease nor is there now any fact or condition which, with notice or lapse of time or both, will become such a default. 

  
 E-1 

 9. Tenant has not assigned, transferred, mortgaged or otherwise encumbered its interest
under the lease, nor subleased any of the Premises nor permitted any person or entity to use the Premises except as follows: _______. 
 10.
Tenant has no rights of first refusal or options to purchase the property of which the Premises is a part. 
 11. The Lease represents the
entire agreement between the parties with respect to Tenant’s right to use and occupy the Premises. 
 Tenant acknowledges that the
parties to whom this certificate is addressed will be relying upon the accuracy of this certificate in connection with their acquisition and/or financing of the Premises. 

IN WITNESS WHEREOF, Tenant has caused this certificate to be executed this _____day of ______, 20___. 

 

					
	TENANT:	 	 CLOUDFLARE, INC.,

a Delaware corporation

 
					
			
	            	 	By:	 	 
		 	Name:	 	 
		 	Title:	 	 
			
		 	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  
 E-2 

 EXHIBIT F 

SUBORDINATION, NON-DISTURBANCE AND
ATTORNMENT AGREEMENT 
         RECORDING REQUESTED BY 

                        AND 

        WHEN RECORDED MAIL TO: 

Attention: 
 SUBORDINATION,
ATTORNMENT 
 AND NON-DISTURBANCE AGREEMENT 

Notice: This subordination agreement results in your leasehold interest in the property becoming subject to and of lower priority than the lien of some
other or later security instrument. 
 THIS AGREEMENT, made this_______day of___________________, ________by
_________________________________owner of the land hereinafter described and hereinafter referred to as “Owner”, and present owner and holder of a leasehold interest in the land by reason of the Lease hereinafter described and hereinafter
referred to as “Lessee”; 
 W I T N E S S E T H 

THAT WHEREAS, Owner, as Landlord, did execute a Lease dated ________________ to Lessee, as Tenant, covering all that certain real
property described in Exhibit “A” attached hereto and by this reference incorporated herein; and 
 WHEREAS, Owner has
executed, or is about to execute, a deed of trust and note in the sum of_____________________dated of even date herewith in favor of ______________________ ________________, hereinafter referred to as “Lender”, payable with interest and
upon the terms and conditions described therein which deed of trust is to be recorded concurrently herewith; and 
 WHEREAS, it is a
condition precedent to obtaining said loan that said deed of trust above mentioned shall unconditionally be and remain at all times a lien or charge upon the land hereinbefore described, prior and superior to the Lease and leasehold interest of
Lessee above mentioned; and 
 WHEREAS, Lender is willing to make said loan provided the deed of trust securing the same is a lien or
charge upon the above-described property prior and superior to the Lease and leasehold interest of Lessee above mentioned and provided that Lessee will specifically and unconditionally subordinate the Lease and leasehold interest of Lessee above
mentioned to the lien or charge of the deed of trust in favor of Lender; and 
 WHEREAS, it is to the mutual benefit of the parties
hereto that Lender make such loan to Owner; and Lessee is willing that the deed of trust securing the same shall, when recorded, constitute a lien or charge upon said land which is unconditionally prior and superior to the Lease and leasehold
interest of Lessee above mentioned. 

  
 F-1 

 NOW, THEREFORE, in consideration of the mutual benefits accruing to the parties
hereto and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, and in order to induce Lender to make the loan above referred to, it is hereby declared, understood and agreed as follows: 

 

	1.	 That said deed of trust securing said note in favor of Lender, and any renewals or extensions thereof shall
unconditionally be and remain at all times a lien or charge on the property therein described, prior and superior to the Lease and leasehold interest of Lessee above mentioned. 

 

	2.	 That Lender would not make its loan above described without this Agreement. 

 

	3.	 That this Agreement shall be the whole and only agreement between the parties hereto with regard to the
subordination of the Lease and leasehold interest of Lessee above mentioned to the lien or charge of the deed of trust in favor of Lender above referred to, and shall supersede and cancel any prior agreements as to such, or any subordination,
including, but not limited to, those provisions contained in the lease above mentioned, which may or do provide for the subordination of the Lease and leasehold interest of Lessee to a deed or deeds of trust or a mortgage or mortgages to be
thereafter executed. 

  

	4.	 Lessee declares, agrees and acknowledges that: 

 

	 	(a)	 It consents to and approves 

 

	 	(i)	 of all provisions of the note and deed of trust in favor of a. Lender above referred to, and

  

	 	(ii)	 all agreements, including but not limited to any loan or escrow agreements, between Owner and Lender for the
disbursement of the proceeds of Lender’s Loan; 

  

	 	(b)	 Lender in making disbursements pursuant to any such agreement is under no obligation or duty to, nor has Lender
represented that it will, see to the application of such proceeds by the person or persons to whom Lender disburses such proceeds and any application or use of such proceeds for purposes other than those provided for in such agreement or agreements
shall not defeat the subordination herein made in whole or in part; and 

  

	 	(c)	 It intentionally and unconditionally waives, relinquishes and subordinates the lease and leasehold interest
above mentioned in favor of the lien or charge upon said land of the deed of trust in favor of Lender above referred to and understands that in reliance upon, and in consideration of, this waiver, relinquishment and subordination specific loans and
advances are being and will be made and, as part and parcel thereof, specific monetary and other obligations are being and will be entered into which would not be made or entered into but for said reliance upon this waiver, relinquishment and
subordination. 

	5.	 Notwithstanding the foregoing, Lessee and owner hereby agree and the recordation of this Agreement by or on
behalf of Lender shall constitute Lender’s agreement as follows: 

  

	 	(a)	 In the event of foreclosure of said deed of trust, Lender will not join Lessee in any summary proceedings so
long as Lessee is not in default under any of the terms, covenants or conditions of the Lease. 

  

	 	(b)	 It is the express intent of the parties hereto that a foreclosure of said deed of trust, the exercise of the
power of sale or the exercise of any other remedies provided therein, or provided in any other instruments securing the indebtedness secured by said deed of trust, or the delivery of a deed to the subject premises in lieu of foreclosure, shall not,
of itself, result in the termination of or otherwise affect the Lease, but Lender and any purchaser or other grantee upon foreclosure of said deed of trust or conveyance in lieu of foreclosure shall thereby automatically succeed to the position of
Owner under the Lease. 

  

	 	(c)	 If, by dispossession, foreclosure, exercise of the power of sale, or otherwise, Lender, its successors or
assigns, or any purchaser at a foreclosure sale, or otherwise shall come into possession of or become the owner of the premises demised by the Lease, such person shall succeed to the interest of Owner under the Lease, and, if no default then exists
under the terms, conditions and provisions of the Lease, the Lease shall remain in effect as a lease of said demised premises, together with all of the rights and privileges therein contained, between such person and Lessee for the balance of the
term of the Lease between Owner and Lessee; Lessee agrees to attorn to and accept such person as Lessor under the Lease, and to be bound by and to perform all of the obligations imposed by the Lease upon the Lessee therein, and Lender, its
successors or assigns, or any purchaser at a foreclosure or trustee’s sale or otherwise will not disturb the possession of Lessee, and will be bound by all of the obligations imposed by the Lease upon the Lessor therein; provided, however, that
Lender, or any purchaser at a foreclosure or trustee’s sale or otherwise shall not be: 

  

	 	(i)	 Liable for any act or omission of a prior lessor (including Owner); or 

 

	 	(ii)	 subject to any offsets or defenses which Lessee might have against any prior lessor (including Owner); or

  

	 	(ii)	 bound by any rent or additional rent which Lessee might have paid in advance to any prior lessor (including
Owner) for any period beyond the month in which the foreclosure, sale termination or conveyance occurs; or 

  

	 	(iv)	 bound by any agreement or modification of the Lease made without the consent of Lender. 

	 	(d)	 Upon the written request of either Lessee or Lender given to the other at the time of a foreclosure of said
deed of trust or sale under power of sale therein contained or conveyance in lieu of foreclosure, and if no default then exists under the terms, conditions and provisions of the Lease, Lessee and lender agree to execute a lease of the premises
demised by the Lease upon the same terms and conditions as the Lease between Owner and Lessee, which lease shall cover any unexpired term of the Lease existing prior to such foreclosure, trustee’s sale or conveyance in lieu of foreclosure.

  

	6.	 This Agreement shall be binding upon and inure to the benefit of Lender and the patties hereto and their
respective successors and assigns upon recordation by or on behalf of Lender. 

 NOTICE: This subordination agreement contains a
provision which allows the person obligated on the real property which you lease to obtain a loan a portion of which may be expended for other purposes than improvement of the land. 

 

			
	
	OWNER:
	
	 

 
			
		
	By:	 	 

 
			
		
	Its:	 	 

 
			
		
	LESSEE:	 	
	
	 

 
			
		
	By:	 	 

 
			
		
	Its:	 	 

 
			
		
	BENEFICIARY:	 	
	
	WESTAMERICA BANK,

 
			
		
	By:	 	 
		
	Its:	 	 

 (ALL SIGNATURES MUST BE ACKNOWLEDGED AND NOTARIZED) 

 1st FLOOR RESTROOM REVISION 

This document shall serve as an ADDENDUM to the: 

Lease Agreement 
 By and
Between 
 Civitas Equity Fund I, LLC, 

a California limited liability company 

as Landlord 
 and 

CloudFlare. Inc. 
 As Tenant 

Dated April 18, 2014 
 (The
Lease) 
 The Tenant has requested a change to the 1st Floor Restroom. The Scope of
Work, Cost, and Schedule impacts are as indicated in this Addendum. The original restroom layout (Original) and the Tenant preferred layout (New) are attached as Exhibits 1 and 2. This change is for the
1st Floor Restrooms only. 
  

	1.	 Stoppage of Existing Work: The Original design is currently under construction and will continue until
this Agreement has been signed. Once this Agreement is signed, the Owner will instruct the Contractor to stop work on the Original design. await revised architectural and engineering documents, rebid the work, Architect will resubmit to the Local
Agencies for approval, review final Contractor bids with the Tenant, then proceed with new construction. 

  

	2.	 Fixture Count: The New layout adds one (1) sink to the Men’s Restroom and one (1) sink
plus one (1) toilet to the Women’s Restroom. The sink fixture shown on the New layout is a triple sink. The current sink fixture is not available in a triple, therefore three (3) single fixtures will be provided instead.

  

	3.	 Interior Finishes and Fixtures: Interior finishes, fixtures, toilet partitions, and bathroom accessories
shall be the same model, style, and colors as the Original design. 

  

	4.	 Sewer Connection: The Owner has previously reviewed the height of the existing sewer and determined that
it may not have adequate fall from the New layout location to the existing sewer line to 2nd Street. The Tenant has reviewed this and believes there is enough fall at 1/8” per foot. Based on
this, the Owner will design the plumbing system to connect with the 2nd Street sewer. Any and all costs associated with this, including potential coring of structural elements, ejection
assistance, approvals by the Local Agency, etc. that may be required to accomplish this shall be reimbursed by the Tenant. 

  

	5.	 Cost Reimbursement: All costs associated with the restroom change shall be borne by the Tenant and will
be deducted from the Owner’s Tenant Improvement Allowance. 

	6.	 Schedule: The Original design is currently being constructed. It is unknown at this time what the
specific impact to the shell construction schedule will be. Any schedule impact due to this design change, Agency approval and processing, or construction will be added to the Owner’s delivery date. The Lease commencement date will remain the
same. 

  

	7.	 Unforeseen Issues: The Owner has not had the opportunity to thoroughly review and assess all actual and
potential ramifications of this change. Any issue or condition related to the change that impacts the cost or schedule shall be borne by the Tenant in the form of extended delivery date and/or reduction of the Owner’s Tenant Improvement
Allowance. 

  

	8.	 Architectural Costs: The Tenant shall bare all costs to
re-engineer, re-draw, coordinate with consultants, contractors, and agencies, and other work as necessary to complete the change. The Architect estimates the cost to be
between $17,000 and $22,000. Actual cost will be provided on an hourly basis plus engineering invoices. 

  

	9.	 Construction Cost: The Tenant shall bare all additional costs of construction for the change. These will
include demolition of existing work, restocking charges, out of sequence work, new construction costs beyond the Original design, and any other related construction costs. 

 

	10.	 Lease Square Footage: This change affects the Owner’s long-term value with a loss of leasable space
and limits future multi-tenant options, The New design is 133 sq. ft. larger than the Original design. The Owner calculates this lost value as $80,000. This amount will be deposited by Tenant into a holding account upon the termination of the lease
and any costs incurred by Landlord to reconstruct 1st floor restrooms will be deducted from this account. Should Landlord not be able to lease the entirety of the first floor to a single tenant
within three (3) months post CloudFlare’s lease expiration or earlier termination, Landlord shall be entitled to apply some or all of the $80,000 deposit toward rebuilding the restrooms to facilitate
re-leasing. Should any of those monies not be utilized within twelve (12) months post CloudFlare’s vacancy Landlord shall return any unused portion to CloudFlare.

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