Document:

EX-10.8

 Exhibit 10.8 

RIVERPARK TOWER II 

300 PARK AVENUE 

SAN JOSE, CALIFORNIA 

OFFICE LEASE 

RIVERPARK TOWER II, LLC, 

a Delaware limited liability company 

as Landlord, 
 and 

XACTLY CORPORATION, 

a Delaware corporation 
 as Tenant

							
	 SUMMARY OF BASIC LEASE INFORMATION
		 	BLI-i	  
		
	 OFFICE LEASE
				
		
	 ARTICLE 1 REAL PROPERTY, BUILDING AND PREMISES
		 	3	  
	 ARTICLE 2 LEASE TERM
		 	4	  
	 ARTICLE 3 BASE RENT
		 	4	  
	 ARTICLE 4 ADDITIONAL RENT
		 	5	  
	 ARTICLE 5 USE OF PREMISES
		 	9	  
	 ARTICLE 6 SERVICES AND UTILITIES
		 	9	  
	 ARTICLE 7 REPAIRS
		 	11	  
	 ARTICLE 8 ADDITIONS AND ALTERATIONS
		 	11	  
	 ARTICLE 9 COVENANT AGAINST LIENS
		 	12	  
	 ARTICLE 10 INDEMNIFICATION AND INSURANCE
		 	13	  
	 ARTICLE 11 DAMAGE AND DESTRUCTION
		 	14	  
	 ARTICLE 12 CONDEMNATION
		 	15	  
	 ARTICLE 13 COVENANT OF QUIET ENJOYMENT
		 	15	  
	 ARTICLE 14 ASSIGNMENT AND SUBLETTING
		 	15	  
	 ARTICLE 15 SURRENDER; OWNERSHIP AND REMOVAL OF TRADE FIXTURES
		 	17	  
	 ARTICLE 16 HOLDING OVER
		 	18	  
	 ARTICLE 17 ESTOPPEL CERTIFICATES
		 	18	  
	 ARTICLE 18 SUBORDINATION AND ATTORNMENT
		 	18	  
	 ARTICLE 19 TENANT’S DEFAULTS; LANDLORD’S REMEDIES
		 	19	  
	 ARTICLE 20 SECURITY DEPOSIT
		 	21	  
	 ARTICLE 21 COMPLIANCE WITH LAW
		 	21	  
	 ARTICLE 22 ENTRY BY LANDLORD
		 	21	  
	 ARTICLE 23 TENANT PARKING
		 	21	  
	 ARTICLE 24 MISCELLANEOUS PROVISIONS
		 	22	  
	 ARTICLE 25 LENDER PROTECTIONS
		 	26	  
		
	 EXHIBITS
				
			
	 A
		 OUTLINE OF PREMISES
				
			
	 B
		 WORK LETTER
				
			
	 C
		 AMENDMENT TO LEASE
				
			
	 D
		 RULES AND REGULATIONS
				
			
	 RIDERS
						
			
	 1
		 EXTENSION OPTION
				
			
	 2
		 RIGHT OF FIRST REFUSAL
				
			
	 3
		 LETTER OF CREDIT RIDER
				

  
 -i- 

 INDEX 
  

			
	 Election Date
		Rider 2
	 Additional Rent
		5
	 Alterations
		11
	 Amendment
		Exhibit C
	 Approved Working Drawings
		Exhibit B
	 Architect
		Exhibit B, Exhibit B
	 Base Rent
		4
	 Base, Shell and Core
		Exhibit B
	 BOMA
		4
	 Brokers
		26
	 Building Exterior Sign
		24
	 Calendar Year
		5
	 Conservation Costs
		5
	 Conservation Programs
		10
	 Construction
		26
	 Construction Designs
		Exhibit B
	 Construction Drawings
		Exhibit B
	 Cost Pools
		6
	 Cost Proposal
		Exhibit B
	 Cost Proposal Delivery Date
		Exhibit B
	 Engineers
		Exhibit B, Exhibit B
	 Estimate
		8
	 Estimate Statement
		8
	 Estimated Expenses
		8
	 Excluded Changes
		21
	 Expense Year
		5
	 Extension Option
		1
	 Extension Option Notice
		1
	 Extension Term
		1
	 Fair Market Rental Rate
		1
	 Final Space Plan
		Exhibit B
	 Final Working Drawings
		Exhibit B
	 First Refusal Notice
		Rider 2
	 First Refusal Right
		Rider 2
	 First Refusal Space
		Rider 2
	 Force Majeure
		25
	 Former Landlord
		27
	 Hazardous Material
		9
	 Holidays
		10
	 Information
		Exhibit B
	 Interest Rate
		9
	 Landlord
		3
	 Landlord Parties
		13
	 Landlord Supervision Fee
		Exhibit B
	 Lease
		3
	 Lease Commencement Date
		4, Exhibit C
	 Lease Expiration Date
		4
	 Lease Proposal
		Rider 2
	 Lease Term
		4
	 Lease Year
		4
	 Mortgagee
		26
	 Notices
		25
	 number of days
		5
	 Offset Right
		27
	 Operating Expenses
		5
	 Original Tenant
		24
	 Other Buildings
		8
	 Over-Allowance Amount
		Exhibit B
	 Over-Allowance Cap
		Exhibit B
	 Parking Facilities
		3
	 Partial Cost Proposal
		Exhibit B
	 Permits
		Exhibit B
	 Premises
		3, 1
	 Project
		3
	 Proposition 13
		7
	 Ready for Occupancy
		Exhibit B
	 Real Property
		3
	 Reimbursement Cap
		12
	 rent
		20
	 Rent
		5
	 rentable square feet
		4
	 Rider
		1
	 Rider 2
		Rider 2

  
 -ii- 

			
	 Security Deposit
		21
	 Space Plan Design Problem
		Exhibit B
	 Specifications
		Exhibit B
	 Statement
		8
	 Subject Space
		16
	 Substantial Completion
		Exhibit B
	 Successor Landlord
		26
	 Summary
		i
	 Superior Rights
		Rider 2
	 Systems and Equipment
		6
	 Tax Expenses
		6
	 Tenant
		3
	 Tenant Delays
		Exhibit B
	 Tenant Improvement Allowance
		Exhibit B
	 Tenant Improvement Allowance Items
		Exhibit B
	 Tenant Improvements
		Exhibit B
	 Tenant Work Letter
		Exhibit B
	 Tenant’s Election Notice
		Rider 2
	 Tenant’s Share
		7
	 Transfer
		18
	 Transfer Notice
		16
	 Transfer Premium
		17
	 Transferee
		16
	 Transfers
		16
	 Utilities Costs
		7
	 Wi-Fi Network
		12
	 Working Drawing Design Problem
		Exhibit B

  
 -iii- 

 SUMMARY OF BASIC LEASE INFORMATION 

This Summary of Basic Lease Information (“Summary”) is hereby incorporated into and made a part of the attached Office
Lease. Each reference in the Office Lease to any term of this Summary shall have the meaning as set forth in this Summary for such term. In the event of a conflict between the terms of this Summary and the Office Lease, the terms of the Office Lease
shall prevail. Any capitalized terms used herein and not otherwise defined herein shall have the meaning as set forth in the Office Lease. 
  

					
	 TERMS OF LEASE
 (References
are to the Office Lease)
	  	DESCRIPTION
			
	 1.      
	 	Date:	  	August 6, 2014
			
	 2.      
	 	Landlord:	  	 RIVERPARK TOWER II, LLC,
 a Delaware limited
liability company

			
	 3.      
	 	Address of Landlord (Section 24.19):	  	 Riverpark Tower II, LLC
 c/o Legacy Partners
Commercial, Inc.
 4000 East Third Avenue, Suite 600
 Foster
City, California 94404-4805
 Attention: Regional Vice President

			
	 4.      
	 	Tenant:	  	 XACTLY CORPORATION,
 a Delaware
corporation

			
	 5.      
	 	Address of Tenant (Section 24.19):	  	 Xactly Corporation
 225 W. Santa Clara Street,
Suite 1200
 San Jose, CA 95113
 Attention: Joseph Consul

(Prior to Lease Commencement Date)

			
		 		  	 and
  

Xactly Corporation
 300 Park Avenue, Suite 1700

San Jose, CA 95110
 Attention: Joseph Consul

(After Lease Commencement Date)
  

In both cases, send a second copy to the applicable address, Attention: General Counsel

			
	 6.      
	 	Premises (Article 1):	  	
			
		 	 6.1    Premises:
	  	59,205 rentable square feet of space located on the fifteenth (15th), sixteenth (16th), and the seventeenth (17th) floors of the Building (as defined below), designated as Suites 1500, 1600 and 1700, as set forth in Exhibit A attached hereto.
			
		 	 6.2    Building:
	  	The Premises are located in the building whose address is 300 Park Avenue, San Jose, California 95110.
			
	 7.      
	 	Term (Article 2):	  	
			
		 	 7.1    Lease Term:
	  	Seventy-two (72) full calendar months plus any partial calendar month at the commencement of the Lease Term.
			
		 	 7.2    Lease Commencement Date:
	  	The earlier of (i) the date Tenant commences business operations in the Premises, or (ii) the date the Premises are Ready for Occupancy (as defined in the Work Letter attached hereto as Exhibit B), which Lease
Commencement Date is anticipated to be January 2, 2015. [ASSUMING LEASE FULLY EXECUTED BY AUGUST 4, 2014.]
			
		 	 7.3    Lease Expiration Date:
	  	The last day of the seventy-second (72nd) full calendar month following the Lease Commencement Date.

  
 BLI-i 

					
	 TERMS OF LEASE
 (References
are to the Office Lease)
	  	DESCRIPTION
			
		 	 7.4    Amendment to Lease:
	  	Landlord and Tenant may confirm the Lease Commencement Date and Lease Expiration Date in an Amendment to Lease (Exhibit C) to be executed pursuant to Article 2 of the Office Lease.
			
	 8.      
	 	 BaseRent (Article 3):
	  	

  

													
	 Months
	  	Annual
Base Rent	 	  	Monthly
Installment
of Base Rent	 	 	Monthly Rental
Rate per Rentable
Square Foot	 
				
	   1 – 12
	  	$	1,065,690.00	  	  	$	88,807.50	* 	 	$	2.25	  
	 13 – 24
	  	$	1,102,989.15	  	  	$	91,915.76	** 	 	$	2.33	  
	 25 – 30
	  	$	1,141,472.40	  	  	$	95,122.70	** 	 	$	2.41	  
	 31 – 36
	  	$	1,712,390.66	  	  	$	142,699.22	  	 	$	2.41	  
	 37 – 48
	  	$	1,772,324.33	  	  	$	147,693.69	  	 	$	2.50	  
	 49 – 60
	  	$	1,834,355.68	  	  	$	152,862.97	  	 	$	2.58	  
	 61 – 72
	  	$	1,898,558.13	  	  	$	158,213.18	  	 	$	2.67	  

  

	*	Tenant shall not be obligated to pay either monthly Base Rent or Additional Rent for the first (1st) twelve (12) months of the Lease Term so long as Tenant
is not in monetary or other material default under the Lease, as more particularly described in the immediately following sentence. If, at any time, Tenant is in default of any monetary or other material term, condition or provision of this Lease
beyond applicable notice and grace periods, to the fullest extent permitted by law, any express or implicit waiver by Landlord of Tenant’s requirement to pay monthly Base Rent or Additional Rent during any period of time from and after the date
of this Lease shall be null and void and Tenant shall immediately pay to Landlord the then unamortized remaining balance of the Base Rent and Additional Rent that was abated (such amortization being calculated on a straight line basis over the
entire Lease Term and such balance being determined as of the date of Tenant’s default). The monthly Base Rent for this period is calculated based on 39,470 rentable square feet of space within the Premises. 

	**	The monthly Base Rent for these periods are calculated based on 39,470 rentable square feet of space within the Premises. 

  

					
	 9.      
	 	Tenant’s Share of Operating Expenses, Tax Expenses and Utilities Costs (Article 4):	  	19.57% (59,205 rentable square feet within the Premises/302,570 rentable square feet of office space within the Building), subject to adjustment pursuant to Section 4.2.8 below.
			
	 10.    
	 	Security Deposit (Article 20):	  	$0.00
			
	 11.    
	 	Letter of Credit Amount (Section 1.5)	  	$129,185.31, subject to increase in Month 31 to $183,077.03
			
	 12.    
	 	Parking (Article 23):	  	2.28 parking passes for every 1,000 rentable square feet of the Premises.
			
	 13.    
	 	Brokers (Section 24.25):	  	Cornish & Carey Newmark Knight Frank representing Landlord, and Global Commercial Properties representing Tenant.

  
 BLI-ii 

 OFFICE LEASE 

This Office Lease, which includes the preceding Summary and the exhibits attached hereto and incorporated herein by this reference (the Office
Lease, the Summary and the exhibits to be known sometimes collectively hereafter as the “Lease”), dated as of the date set forth in Section 1 of the Summary, is made by and between RIVERPARK TOWER II, LLC, a
Delaware limited liability company (“Landlord”), and XACTLY CORPORATION, a Delaware corporation (“Tenant”). 

ARTICLE 1 

REAL PROPERTY, BUILDING AND PREMISES 

1.1 Real Property, Building and Premises. 

1.1.1 Premises. Upon and subject to the terms, covenants and conditions hereinafter set forth in this Lease, Landlord hereby leases to
Tenant and Tenant hereby leases from Landlord the premises set forth in Section 6.1 of the Summary (the “Premises”), which Premises are located in the Building defined in Section 6.2 of the Summary
constructed on the Real Property. The outline of the floor plan of the Premises is set forth in Exhibit A attached hereto. 

1.1.2 Building and Real Property/Project. The Building is part of that certain office building project (“Project”)
constructed on the Real Property (as defined below) known as “Riverpark Tower II”. The term “Real Property”, as used in this Lease, shall mean, collectively, (i) the Building, (ii) any outside plaza areas,
walkways, driveways, courtyards, public and private streets, transportation facilitation areas and other improvements and facilities now or hereafter constructed surrounding and/or servicing the Building, including the existing parking structure
constructed by or for Landlord within the Project and located adjacent to the Building and any other parking structures and/or facilities now or hereafter constructed by or for Landlord within the Project and servicing the Building and any other
buildings which may be subsequently constructed within the Project (collectively, the “Parking Facilities”), which are designated from time to time by Landlord as common areas (or parking facilities, as the case may be) appurtenant
to or servicing the Building and any such other buildings; (iii) any additional buildings, improvements, facilities, parking areas and structures and common areas which Landlord (and/or any common area association formed by Landlord or
Landlord’s assignee for the Project) may add thereto from time to time within or as part of the Project; and (iv) the land upon which any of the foregoing are situated. Notwithstanding the foregoing or anything contained in this Lease to
the contrary, (1) Landlord has no obligation to expand or otherwise make any improvements within the Project, including, without limitation, any of the outside plaza areas, walkways, driveways, courtyards, public and private streets,
transportation facilitation areas and other improvements and facilities (as the same may be modified by Landlord from time to time without notice to Tenant), other than Landlord’s obligations (if any) specifically set forth in the Work Letter,
and (2) Landlord shall have the right from time to time to include or exclude any improvements or facilities within the Project, at Landlord’s sole election, as more particularly set forth in Section 1.1.3 below. 

1.1.3 Tenant’s and Landlord’s Rights. Tenant is hereby granted the right to the nonexclusive use of the common corridors and
hallways, stairwells, elevators, restrooms and other public or common areas located within the Building, and the non-exclusive use of the areas located on the Real Property designated by Landlord from time to time as common areas for the Building;
provided, however, that (i) Tenant’s use thereof shall be subject to (A) the provisions of any covenants, conditions and restrictions regarding the use thereof now or hereafter recorded against the Real Property, and (B) such
reasonable, non-discriminatory rules, regulations and restrictions as Landlord may make from time to time (which shall be provided in writing to Tenant), and (ii) Tenant may not go on the roof of Building without Landlord’s prior consent
(which may be withheld in Landlord’s sole and absolute discretion) and without otherwise being accompanied by a representative of Landlord. Landlord reserves the right from time to time to use any of the common areas of the Real Property, and
the roof, risers and conduits of the Building for telecommunications and/or any other purposes, and to do any of the following: (1) make any changes, additions, improvements, repairs and/or replacements in or to the Real Property or any portion
or elements thereof, including, without limitation, (x) changes in the location, size, shape and number of driveways, entrances, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas, walkways, public and private
streets, plazas, courtyards, transportation facilitation areas and common areas, parking spaces, parking structures and parking areas, and (y) expanding or decreasing the size of the Real Property and any common areas and other elements
thereof, including adding or deleting buildings thereon and therefrom; (2) close temporarily any of the common areas while engaged in making repairs, improvements or alterations to the Real Property; (3) form a common area association or
associations under covenants, conditions and restrictions to own, manage, operate, maintain, repair and/or replace all or any portion of the landscaping, driveways, walkways, parking areas, public and private streets, plazas, courtyards,
transportation facilitation areas and/or other common areas located outside of the Building and, subject to Article 4 below, include the common area assessments, fees and taxes charged by the association(s) and the cost of maintaining,
managing, administering and operating the association(s), in Operating Expenses or Tax Expenses; and (4) perform such other acts and make such other changes with respect to the Real Property as Landlord may, in the exercise of good faith
business judgment, deem to be appropriate. In connection with any work by Landlord in, and alterations or improvements to the common areas for the Building and/or Project, Landlord shall use commercially reasonable efforts to minimize any material
adverse interference with Tenant’s business at the Premises, and any unreasonable interference with Tenant’s access to the Premises, as a result thereof. 

1.2 Condition of Premises. Except as expressly set forth in this Lease and in the Work Letter attached hereto as Exhibit B,
Landlord shall not be obligated to provide or pay for any improvement, remodeling or refurbishment work or services related to the improvement, remodeling or refurbishment of the Premises, and Tenant shall accept the Premises in its
“AS-IS” condition on the Lease Commencement Date. 

  
 -3- 

 1.3 Rentable Square Feet. The rentable square feet for the Premises are approximately as
set forth in Section 6.1 of the Summary. For purposes hereof, the “rentable square feet” of the Premises and the Building shall be calculated by Landlord pursuant to the Standard Method for Measuring Floor Area in Office
Buildings, ANSI Z65.1-1996 (“BOMA”), as modified for the Building pursuant to Landlord’s standard rentable area measurements for the Building, to include, among other calculations, a portion of the common areas and service
areas of the Building. The rentable square feet of the Premises and the rentable square feet of the Building are subject to verification from time to time by Landlord’s planner/designer and such verification shall be made in accordance with the
provisions of this Section 1.3. Tenant’s architect may consult with Landlord’s planner/designer regarding such verification, except to the extent it relates to the rentable square feet of the Building; provided, however, the
determination of Landlord’s planner/designer shall be conclusive and binding upon the parties. In the event that Landlord’s planner/designer determines that the rentable and/or usable square footage amounts shall be different from those
set forth in this Lease, all amounts, percentages and figures appearing or referred to in this Lease based upon such incorrect rentable square feet (including, without limitation, the amount of the Base Rent and Tenant’s Share) shall be
modified in accordance with such determination. If such determination is made, it will be confirmed in writing by Landlord to Tenant. 
 1.4
Sales Meetings. Tenant shall be permitted to use the fifteenth (15th) floor of the Building for two (2) sales meetings (“Sales Meetings”) of five
(5) consecutive business days each in February 2015 and February 2016. Tenant shall pay to Landlord Base Rent in accordance with Section 8 of the Summary and Tenant’s Share of Additional Rent for such five (5) business day
periods, provided that Base Rent and Additional Rent shall be a proportionate amount of a full calendar month’s rental based on the proportion that the number of days such Sales Meeting bears to the number of days in the calendar month during
which such Sales Meeting occurs. 
 1.5 Letter of Credit. Concurrent with Tenant’s execution and delivery of this Lease, and as
a condition precedent to the effectiveness of this Lease, Tenant shall deliver to Landlord an original Letter of Credit (“Letter of Credit”) meeting the requirements set forth in Rider 1 attached hereto. Tenant hereby
acknowledges that Landlord would not enter into this Lease without Tenant’s delivery of the Letter of Credit as required herein. 

ARTICLE 2 

LEASE TERM 
 The
terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rent. The term of this Lease (the “Lease Term”) shall be as set forth in
Section 7.1 of the Summary and shall commence on the date (the “Lease Commencement Date”) set forth in Section 7.2 of the Summary (subject, however, to the terms of the Work Letter), and shall terminate on
the date (the “Lease Expiration Date”) set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. For purposes of this Lease, the term “Lease Year” shall
mean each consecutive twelve (12) month period during the Lease Term, provided that the last Lease Year shall end on the Lease Expiration Date. If Landlord does not deliver possession of the Premises to Tenant on or before the
anticipated Lease Commencement Date (as set forth in Section 7.2(ii) of the Summary), Landlord shall not be subject to any liability nor shall the validity of this Lease nor the obligations of Tenant hereunder be affected. In the
event that the Lease Commencement Date is a date which is other than the anticipated Lease Commencement Date set forth in Section 7.2(ii) of the Summary, within a reasonable period of time after the date Tenant takes possession of
the Premises Landlord shall deliver to Tenant an amendment to lease in the form attached hereto as Exhibit C, attached hereto, setting forth, among other things, the Lease Commencement Date and the Lease Expiration Date, and Tenant shall
execute and return such amendment to Landlord within five (5) business days after Tenant’s receipt thereof. If Tenant fails to execute and return the amendment within such 5-day period, Tenant shall be deemed to have approved and confirmed
the dates set forth therein, provided that such deemed approval shall not relieve Tenant of its obligation to execute and return the amendment (and such failure shall constitute a default by Tenant hereunder). In the event that Landlord does
not deliver such amendment to Tenant, the Lease Commencement Date shall be deemed to be the anticipated Lease Commencement Date set forth in Section 7.2(ii) of the Summary. Notwithstanding anything to the contrary set forth herein,
in the event that Landlord is unable to substantially complete construction of the fitness center in the Building and the shared conference room for the Building by the date the Premises are Ready for Occupancy (which date shall be extended for the
period of any Tenant Delays [as defined in the Work Letter] or any event of Force Majeure (the “Outside Delivery Date”), Tenant shall receive one (1) day free of Base Rent for each day beyond the Outside Delivery Date that
Landlord fails to so complete construction of the fitness center and/or shared conference room, to be applied to Base Rent due hereunder after the expiration of any free rent periods, and as and when such obligation of Tenant commences. 

 ARTICLE 3 

BASE RENT 
 Tenant
shall pay, without notice or demand, to Landlord or Landlord’s agent at the management office of the Project, or at such other place as Landlord may from time to time designate in writing, in currency or a check for currency which, at the time
of payment, is legal tender for private or public debts in the United States of America, base rent (“Base Rent”) as set forth in Section 8 of the Summary, payable in equal monthly installments as set forth in
Section 8 of the Summary in advance on or before the first (1st) day of each and every month during the Lease Term, without any setoff or deduction whatsoever. The Base Rent and
estimated Additional Rent for the first (1st) full month of the Lease Term (in the aggregate amount of $129,185.31) shall be paid at the time of Tenant’s execution of this Lease. If any
rental payment date (including the Lease Commencement Date) falls on a day of the month other than the first (1st) day of such month or if any rental payment is for a period which is shorter
than one (1) month, then the rental for any such fractional month shall be a proportionate amount of a full calendar month’s rental based on the proportion that the number of days in such fractional month bears to the number of days in the
calendar month during which such fractional month occurs. All other payments or adjustments required to be made under the terms of this Lease that require proration on a time basis shall be prorated on the same basis. 

  
 -4- 

 ARTICLE 4 

ADDITIONAL RENT 

4.1 Additional Rent. In addition to paying the Base Rent specified in Article 3 of this Lease, Tenant shall pay as
additional rent the sum of the following: (i) Tenant’s Share (as such term is defined below) of the annual Operating Expenses allocated to the Building; plus (ii) Tenant’s Share of the annual Tax Expenses allocated to the
Building; plus (iii) Tenant’s Share of the annual Utilities Costs allocated to the Building. Such additional rent, together with any and all other amounts payable by Tenant to Landlord pursuant to the terms of this Lease (including,
without limitation, pursuant to Article 6), shall be hereinafter collectively referred to as the “Additional Rent”. The Base Rent and Additional Rent are herein collectively referred to as the “Rent”.
All amounts due under this Article 4 as Additional Rent shall be payable for the same periods and in the same manner, time and place as the Base Rent. Without limitation on other obligations of Tenant which shall survive the expiration
of the Lease Term, the obligations of Tenant to pay the Additional Rent provided for in this Article 4 shall survive the expiration of the Lease Term. 

4.2 Definitions. As used in this Article 4, the following terms shall have the meanings hereinafter set forth: 

4.2.1 “Calendar Year” shall mean each calendar year in which any portion of the Lease Term falls, through and including the
calendar year in which the Lease Term expires. 
 4.2.2 (Intentionally Omitted) 

4.2.3 “Expense Year” shall mean each Calendar Year, provided that Landlord, upon notice to Tenant, may change the Expense
Year from time to time to any other twelve (12) consecutive-month period, and, in the event of any such change, Tenant’s Share of Operating Expenses, Tax Expenses and Utilities Costs shall be equitably adjusted for any Expense Year
involved in any such change. 
 4.2.4 “Operating Expenses” shall mean all expenses, costs and amounts of every kind and
nature which Landlord shall pay during any Expense Year because of or in connection with the ownership, management, maintenance, repair, replacement, restoration or operation of the Real Property, including, without limitation, any amounts paid for:
(i) the cost of operating, maintaining, repairing, renovating and managing the utility systems, mechanical systems, sanitary and storm drainage systems, any elevator systems and all other “Systems and Equipment” (as defined in
Section 4.2.5 of this Lease), and the cost of supplies and equipment and maintenance and service contracts in connection therewith; (ii) the cost of licenses, certificates, permits and inspections, and the cost of contesting the
validity or applicability of any governmental enactments which may affect Operating Expenses, and the costs incurred in connection with implementation and operation (by Landlord or any common area association(s) formed for the Project) of any
transportation system management program or similar program; (iii) the cost of insurance carried by Landlord, in such amounts as Landlord may reasonably determine or as may be required by any mortgagees or the lessor of any underlying or ground
lease affecting the Real Property; (iv) the cost of landscaping, relamping, supplies, tools, equipment and materials, and all fees, charges and other costs (including consulting fees, legal fees and accounting fees) incurred in connection with
the management, operation, repair and maintenance of the Real Property; (v) the cost of parking area repair, restoration, and maintenance; (vi) any equipment rental agreements or management agreements (including the cost of any management
fee (Tenant’s Share of which shall not exceed four percent (4%) of aggregate gross Rent) and the fair rental value of any office space provided thereunder); (vii) wages, salaries and other compensation and benefits of all persons
engaged in the operation, management, maintenance or security of the Real Property, and employer’s Social Security taxes, unemployment taxes or insurance, and any other taxes which may be levied on such wages, salaries, compensation and
benefits; (viii) payments under any easement, license, operating agreement, declaration, restrictive covenant, underlying or ground lease (excluding rent), or instrument pertaining to the sharing of costs by the Real Property; (ix) the
cost of janitorial service, alarm and security service, if any, window cleaning, trash removal, replacement of wall and floor coverings, ceiling tiles and fixtures in lobbies, corridors, restrooms and other common or public areas or facilities,
maintenance and replacement of curbs and walkways, repair to roofs; (x) amortization (including interest on the unamortized cost) of the cost of acquiring or the rental expense of personal property used in the maintenance, operation and repair
of the Real Property; (xi) costs for workers’ compensation insurance, wages, withholding taxes, personal property taxes, fees for required licenses and permits, supplies, charges for management of the Building and common areas, and the
costs and expenses of complying with, or participating in, conservation, recycling, sustainability, energy efficiency, waste reduction or other programs or practices implemented or enacted from time to time at the Building, including, without
limitation, in connection with any LEED (Leadership in Energy and Environmental Design) rating or compliance system or program, including that currently coordinated through the U.S. Green Building council or Energy Star rating and/or compliance
system or program (collectively “Conservation Costs”); and (xii) the cost of any capital improvements or other costs (I) which are intended as a labor-saving device or to effect other economies in the operation or
maintenance of the Real Property (including Conservation Costs), (II) made to the Real Property or any portion thereof after the Lease Commencement Date that are required under any governmental law or regulation that was not applicable to the
Project at the time it was originally constructed, or (III) for repair or replacement of any existing equipment or improvements (such as re-roofing) of the Building, the common areas or the Project or which are reasonably determined by Landlord to
be in the best interests of the Real Property; provided, however, that if any such cost described in (I), (II) or (III) above, is a capital expenditure, such cost shall be amortized (including interest on the unamortized cost) over its
useful life as Landlord shall reasonably determine. If Landlord is not furnishing any particular work or service (the cost of which, if performed by Landlord, would be included in Operating Expenses) to a tenant who has undertaken to perform such
work or service in lieu of the performance thereof by Landlord, 

  
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Operating Expenses shall be deemed to be increased by an amount equal to the additional Operating Expenses which would reasonably have been incurred during such period by Landlord if it had at
its own expense furnished such work or service to such tenant. If the Building (and during the period of time when any other office buildings are fully constructed and ready for occupancy and are included by Landlord within the Project) is less than
ninety-five percent (95%) occupied during all or a portion of any Expense Year, Landlord shall make an appropriate adjustment to the variable components of Operating Expenses for such year or applicable
portion thereof, employing sound accounting and management principles, to determine the amount of Operating Expenses that would have been paid had the Building (and during the period of time when any other office buildings are fully constructed and
ready for occupancy and are included by Landlord within the Project) been ninety-five percent (95%) occupied; and the amount so determined shall be deemed to have been the amount of Operating Expenses for
such year, or applicable portion thereof. 
 Subject to the provisions of Section 4.3.4 below, Landlord shall have the right,
from time to time, in its discretion, to equitably allocate some or all of the Operating Expenses (and/or Tax Expenses and Utilities Costs) among different tenants of the Project, among different space types at the Real Property and/or to include
additional buildings in the Real Property for purposes of determining Operating Expenses (and/or Tax Expenses and Utilities Costs) and/or the provision of various services and amenities thereto (the “Cost Pools”). Such Cost Pools
may include, without limitation, the office space tenants and retail space tenants of the Building and/or any such additional buildings, or may be implemented to reflect that certain services or amenities are not provided to certain types of space
at the Real Property, in which event Tenant’s Share of such services or amenities may be equitably adjusted to reflect the measurement of the space to which such services or amenities are generally provided or attributable (for example, if
janitorial services are not provided to any storage space at the Real Property, Tenant’s Share with respect to costs of providing janitorial services shall be calculated after deleting the measurement of such storage space from the total
building square footage). 
 Notwithstanding the foregoing, Operating Expenses shall not, however, include: (A) costs of leasing
commissions, attorneys’ fees and other costs and expenses incurred in connection with negotiations or disputes with present or prospective tenants or other occupants of the Real Property; (B) costs (including permit, license and inspection
costs) incurred in renovating or otherwise improving, decorating or redecorating rentable space for other tenants or vacant rentable space; (C) costs incurred due to the violation by Landlord of the terms and conditions of any lease of space in
the Real Property; (D) costs of overhead or profit increment paid to Landlord or to subsidiaries or affiliates of Landlord for services in or in connection with the Real Property to the extent the same exceeds the costs of overhead and profit
increment included in the costs of such services which could be obtained from third parties on a competitive basis; (E) except as otherwise specifically provided in this Section 4.2.4, costs of interest on debt or amortization on
any mortgages, and rent payable under any ground lease of the Real Property; (F) Utilities Costs; (G) Tax Expenses, (H) the costs of repairs to the Building, if the costs of such repairs are reimbursed by the insurance carried by
Landlord or subject to award under any eminent domain proceeding; (I) costs directly necessitated by or directly resulting from the gross negligence of Landlord, its agents or employees; (J) except as otherwise provided in this Lease, the
cost of any capital improvements; (K) costs associated with operating the entity which constitutes Landlord, as the same are distinguished from the costs of operation of the Building, including partnership accounting and legal matters, costs of
defending any lawsuits with any mortgagee (except as the actions of Tenant may be in issue), costs of selling, syndicating, financing, mortgaging or hypothecating any of Landlord’s interest in the Building, costs (including attorneys’ fees
and costs of settlement judgments and payments in lieu thereof) arising from claims, disputes or potential disputes in connection with potential or actual claims, litigation or arbitration pertaining to Landlord’s ownership of the Building; and
(L) costs to correct defects in the initial design or construction of the Building. 
 4.2.5 “Systems and Equipment”
shall mean any plant, machinery, transformers, duct work, cable, wires, and other equipment, facilities, and systems designed to supply heat, ventilation, air conditioning and humidity or any other services or utilities, or comprising or serving as
any component or portion of the electrical, gas, steam, plumbing, sprinkler, communications, alarm, security, or fire/life safety systems or equipment, or any other mechanical, electrical, electronic, computer or other systems or equipment which
serve the Building and/or any other building in the Project in whole or in part. 
 4.2.6 (Intentionally Omitted) 

4.2.7 “Tax Expenses” shall mean all federal, state, county, or local governmental or municipal taxes, fees, assessments,
charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit assessments, fees and taxes, child care
subsidies, fees and/or assessments, job training subsidies, fees and/or assessments, open space fees and/or assessments, housing subsidies and/or housing fund fees or assessments, public art fees and/or assessments, leasehold taxes or taxes based
upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other
personal property used in connection with the Real Property), which Landlord shall pay during any Expense Year because of or in connection with the ownership, leasing and operation of the Real Property or Landlord’s interest therein. For
purposes of this Lease, Tax Expenses shall be calculated as if the tenant improvements in the Building were fully constructed and the Real Property, the Building and all tenant improvements in the Building were fully assessed for real estate tax
purposes. 
 4.2.7.1 Tax Expenses shall include, without limitation: 

(i) Any tax on Landlord’s rent, right to rent or other income from the Real Property or as against Landlord’s business of leasing
any of the Real Property; 
 (ii) Any assessment, tax, fee, levy or charge in addition to, or in substitution, partially or totally, of any
assessment, tax, fee, levy or charge previously included within the definition 

  
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of real property tax, it being acknowledged by Tenant and Landlord that Proposition 13 was adopted by the voters of the State of California in the June 1978 election (“Proposition
13”) and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for such services as fire protection, street, sidewalk and road maintenance, refuse removal and for other governmental services formerly
provided without charge to property owners or occupants. It is the intention of Tenant and Landlord that all such new and increased assessments, taxes, fees, levies, and charges and all similar assessments, taxes, fees, levies and charges be
included within the definition of Tax Expenses for purposes of this Lease; 
 (iii) Any assessment, tax, fee, levy, or charge allocable to
or measured by the area of the Premises or the rent payable hereunder, including, without limitation, any gross income tax upon or with respect to the possession, leasing, operating, management, maintenance, alteration, repair, use or occupancy by
Tenant of the Premises, or any portion thereof; 
 (iv) Any assessment, tax, fee, levy or charge, upon this transaction or any document to
which Tenant is a party, creating or transferring an interest or an estate in the Premises; and 
 (v) Any reasonable expenses incurred by
Landlord in attempting to protest, reduce or minimize Tax Expenses. 
 4.2.7.2 (Intentionally Omitted) 

4.2.7.3 Notwithstanding anything to the contrary contained in this Section 4.2.7, there shall be excluded from Tax Expenses
(i) all excess profits taxes, franchise taxes, gift taxes, capital stock taxes, inheritance and succession taxes, estate taxes, federal and state net income taxes, and other taxes to the extent applicable to Landlord’s net income (as
opposed to rents, receipts or income attributable to operations at the Real Property), (ii) any items included as Operating Expenses, and (iii) any items paid by Tenant under Section 4.4 of this Lease. 

4.2.8 “Tenant’s Share” shall mean the percentage set forth in Section 9 of the Summary. Tenant’s Share
was calculated by dividing the number of rentable square feet of the Premises by the total rentable square feet of office space in the Building (as set forth in Section 9 of the Summary), and stating such amount as a percentage;
provided that Tenant’s Share may be subject to adjustment as necessary, in Landlord’s reasonable discretion, for the implementation of any Cost Pools as referenced above in Section 4.2.4. Landlord shall have the right
from time to time to redetermine the rentable square feet of the Premises and/or Building, including as may be necessary for the implementation of Cost Pools, and Tenant’s Share shall be appropriately adjusted to reflect any such
redetermination. If Tenant’s Share is adjusted pursuant to the foregoing, as to the Expense Year in which such adjustment occurs, Tenant’s Share for such year shall be determined on the basis of the number of days during such Expense Year
that each such Tenant’s Share was in effect. Notwithstanding the foregoing or the percentage set forth in Section 9 of the Summary, provided Tenant does not occupy or use any portion of Suite 1500 (except in connection with a Sales
Meeting for which Tenant shall pay Tenant’s Share as provided in Section 1.4 above), during the first thirty (30) months of the Lease Term, Tenant shall not be obligated to pay Tenant’s Share of Operating Expenses, Tax Expenses
or Utilities Costs with respect to such portion of the Premises and, accordingly, during such period, Tenant’s Share shall be 13.04%. In the event that Tenant uses or occupies any portion of Suite 1500 (except in connection with a Sales
Meeting) during the first thirty (30) months of the Lease Term, then on the date such use or occupancy commences, the provisions of the immediately preceding sentence shall be of no further force or effect and Tenant’s Share shall
thereafter be as stated in Section 9 of the Summary. 
 4.2.9 (Intentionally Omitted) 

4.2.10 “Utilities Costs” shall mean all actual charges for utilities for the Building and the Project which Landlord shall
pay during any Expense Year, including, but not limited to, the costs of water, sewer and electricity, and the costs of HVAC and other utilities (but excluding those charges for which tenants directly reimburse Landlord or otherwise pay directly to
the utility company) as well as related fees, assessments, measurement meters and devices and surcharges. Utilities Costs shall be calculated assuming the Building (and during the period of time when any other office buildings are fully constructed
and ready for occupancy and are included by Landlord within the Project, such other office buildings), are at least ninety-five percent (95%) occupied. If, during all or any part of any Expense Year, Landlord shall not provide any utilities
(the cost of which, if provided by Landlord, would be included in Utilities Costs) to a tenant (including Tenant) who has undertaken to provide the same instead of Landlord, Utilities Costs shall be deemed to be increased by an amount equal to the
additional Utilities Costs which would reasonably have been incurred during such period by Landlord if Landlord had at its own expense provided such utilities to such tenant. Utilities Costs shall include any costs of utilities which are allocated
to the Real Property under any declaration, restrictive covenant, or other instrument pertaining to the sharing of costs by the Real Property or any portion thereof, including any covenants, conditions or restrictions now or hereafter recorded
against or affecting the Real Property. 
 4.3 Calculation and Payment of Additional Rent. 

4.3.1 Payment of Operating Expenses, Tax Expenses and Utilities Costs. For each Expense Year ending or commencing within the Lease
Term, Tenant shall pay to Landlord, as Additional Rent, the following, which payment shall be made in the manner set forth in Section 4.3.2 below: (i) Tenant’s Share of Operating Expenses allocated to the Building; plus
(ii) Tenant’s Share of Tax Expenses allocated to the Building; plus (iii) Tenant’s Share of Utilities Costs allocated to the Building. 

4.3.2 Statement of Actual Operating Expenses, Tax Expenses and Utilities Costs and Payment by Tenant. Landlord shall endeavor to give
to Tenant on or before the first (1st) day of June following the end of each Expense Year, a statement (the “Statement”) which shall state the Operating Expenses, Tax
Expenses and 

  
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Utilities Costs incurred or accrued for such preceding Expense Year that are allocated to the Building, and which shall indicate therein Tenant’s Share thereof. Upon receipt of the Statement
for each Expense Year ending during the Lease Term, Tenant shall pay, with its next installment of Base Rent due, the full amount of Tenant’s Share of Operating Expenses, Tax Expenses and Utilities Costs for such Expense Year unless this is
less than fifteen (15) days prior notice, then within thirty (30) days of receipt of the Statement, less the amounts, if any, paid during such Expense Year as “Expenses”, as that term is defined in Section 4.3.3 of
this Lease. If any Statement reflects that the amount of Estimated Expenses paid by Tenant to Landlord for such Expense Year is greater than Tenant’s Share of the actual amount of the Operating Expenses, Tax Expenses or Utilities Costs for such
Expense Year, then Landlord shall credit such overpayment towards Tenant’s future installments of Rent (or refund such overpayment to Tenant within thirty (30) days after such applicable Statement is delivered to Tenant if delivered after
the end of the Lease Term). The failure of Landlord to timely furnish the Statement for any Expense Year shall not prejudice Landlord from enforcing its rights under this Article 4 but if Landlord fails to furnish the Statement for any
Expense Year within two (2) years after the end of such Expense Year, Landlord shall have waived its rights to collect any such amounts from Tenant for such Expense Year (except to the extent arising from Landlord not receiving a tax bill from
an applicable governmental authority). Even though the Lease Term has expired and Tenant has vacated the Premises, when the final determination is made of Tenant’s Share of the Operating Expenses, Tax Expenses and Utilities Costs for the
Expense Year in which this Lease terminates, Tenant shall promptly pay to Landlord an amount as calculated pursuant to the provisions of Section 4.3.1 of this Lease. The provisions of this Section 4.3.2 shall survive the
expiration or earlier termination of the Lease Term. 
 4.3.3 Statement of Estimated Operating Expenses, Tax Expenses and Utilities
Costs. In addition, Landlord shall endeavor to give Tenant a yearly expense estimate statement (the “Estimate Statement”) which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the
total amount of Operating Expenses, Tax Expenses and Utilities Costs allocated to the Building for the then-current Expense Year shall be, and which shall indicate therein Tenant’s Share thereof (the “Estimated Expenses”). The
failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect any Estimated Expenses under this Article 4. Following Landlord’s delivery of the
Estimate Statement, Tenant shall pay, with its next installment of Base Rent due, a fraction of the Estimated Expenses for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.3.3).
Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year to the month of such payment, both months inclusive, and shall have twelve (12) as its denominator. Until a new Estimate Statement is
furnished, Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the total Estimated Expenses set forth in the previous Estimate Statement delivered by Landlord to Tenant. 

4.3.4 Allocation of Operating Expenses, Tax Expenses and Utilities Costs to Building. The parties acknowledge that the Building may in
the future be part of a multi-office building project consisting of the Building and such other buildings as Landlord may elect to construct and include as part of the Real Property from time to time (collectively, the “Other
Buildings”), and that certain of the costs and expenses incurred in connection with the Real Property (i.e., the Operating Expenses, Tax Expenses and Utilities Costs) shall be shared among the Building and/or such Other
Buildings, while certain other costs and expenses which are solely attributable to the Building and such Other Buildings, as applicable, shall be allocated directly to the Building and the Other Buildings, respectively. Accordingly, as set forth in
Sections 4.1 and 4.2 above, Operating Expenses, Tax Expenses and Utilities Costs are determined annually for the Real Property as a whole, and a portion of the Operating Expenses, Tax Expenses and Utilities Costs, which portion
shall be determined by Landlord on an equitable basis, shall be allocated to the Building (as opposed to the tenants of the Other Buildings), and such portion so allocated shall be the amount of Operating Expenses, Tax Expenses and Utilities Costs
payable with respect to the Building upon which Tenant’s Share shall be calculated. Such portion of the Operating Expenses, Tax Expenses and Utilities Costs allocated to the Building shall include all Operating Expenses, Tax Expenses and
Utilities Costs which are attributable solely to the Building, and an equitable portion of the Operating Expenses, Tax Expenses and Utilities Costs attributable to the Real Property as a whole. As an example of such allocation with respect to Tax
Expenses and Utilities Costs, it is anticipated that Landlord may receive separate tax bills which separately assess the improvements component of Tax Expenses for each building in the Project and/or Landlord may receive separate utilities bills
from the utilities companies identifying the Utilities Costs for certain of the utilities costs directly incurred by each such building (as measured by separate meters installed for each such building), and such separately assessed Tax Expenses and
separately metered Utilities Costs shall be calculated for and allocated separately to each such applicable building. In addition, in the event Landlord elects, at its sole option, to subdivide certain common area portions of the Real Property such
as landscaping, public and private streets, driveways, walkways, courtyards, plazas, transportation facilitation areas, accessways and/or parking areas into a separate parcel or parcels of land (and/or separately convey all or any of such parcels to
a common area association to own, operate and/or maintain same), the Operating Expenses, Tax Expenses and Utilities Costs for such common area parcels of land may be aggregated and then reasonably allocated by Landlord to the Building and such Other
Buildings on an equitable basis as Landlord (and/or any applicable covenants, conditions and restrictions for any such common area association) shall provide from time to time. 

4.4 Taxes and Other Charges for Which Tenant Is Directly Responsible. Tenant shall reimburse Landlord upon demand for any and all taxes
or assessments required to be paid by Landlord (except to the extent included in Tax Expenses by Landlord), excluding state, local and federal personal or corporate income taxes measured by the net income of Landlord from all sources and estate and
inheritance taxes, whether or not now customary or within the contemplation of the parties hereto, when: 
 4.4.1 said taxes are measured by
or reasonably attributable to the cost or value of Tenant’s equipment, furniture, fixtures and other personal property located in the Premises, or by the cost or value of any leasehold improvements made in or to the Premises by or for Tenant,
to the extent the cost or value of such leasehold improvements exceeds the cost or value of a building standard build-out as determined by Landlord regardless of whether title to such improvements shall be vested in Tenant or Landlord; 

  
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 4.4.2 said taxes are assessed upon or with respect to the possession, leasing, operation,
management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any portion of the Real Property (including the Parking Facilities); or 

4.4.3 said taxes are assessed upon this transaction or any document to which Tenant is a party creating or transferring an interest or an
estate in the Premises. 
 4.5 Late Charges. If any installment of Rent or any other sum due from Tenant shall not be received by
Landlord or Landlord’s designee by the due date therefor, then Tenant shall pay to Landlord a late charge equal to five percent (5%) of the amount due plus any reasonable attorneys’ fees incurred by Landlord by reason of Tenant’s
failure to pay Rent and/or other charges when due hereunder. The late charge shall be deemed Additional Rent and the right to require it shall be in addition to all of Landlord’s other rights and remedies hereunder, at law and/or in equity and
shall not be construed as liquidated damages or as limiting Landlord’s remedies in any manner. In addition to the late charge described above, any Rent or other amounts owing hereunder which are not paid by the date that they are due shall
thereafter bear interest until paid at an annual rate (the “Interest Rate”) equal to the lesser of (i) the “Prime Rate” or “Reference Rate” announced from time to time by the Bank of America (or such
reasonable comparable national banking institution as selected by Landlord in the event Bank of America ceases to exist or publish a Prime Rate or Reference Rate), plus four percent (4%), or (ii) the highest rate permitted by applicable law.
Notwithstanding the foregoing, in the first instance during the Lease Term wherein Tenant is late in making a payment to Landlord of Rent or any other sums payable by Tenant hereunder, the foregoing late charge shall not be assessed until five
(5) days after Tenant’s receipt of written notice that such Rent or other amount is past due (which notice, for purposes of this Section 4.5 only, may be delivered via email and/or facsimile to the Chief Financial Officer). 

4.6 Audit. After delivery to Landlord of at least thirty (30) days’ prior written notice delivered no later than one hundred
twenty (120) days after receipt of a Statement, Tenant, at its sole cost and expense through any accountant designated by it, shall have the right to examine and/or audit the books and records evidencing such costs and expenses for the previous
one (1) calendar year, during Landlord’s reasonable business hours but not more frequently than once during any calendar year. Any such accounting firm designated by Tenant may not be compensated on a contingency fee basis. The results of
any such audit (and any negotiations between the parties related thereto) shall be maintained strictly confidential by Tenant and its accounting firm and shall not be disclosed, published or otherwise disseminated to any other party other than to
Landlord and its authorized agents. Landlord and Tenant each shall use its best efforts to cooperate in such negotiations and to promptly resolve any discrepancies between Landlord and Tenant in the accounting of such costs and expenses. If Tenant
fails to timely deliver written notice of Tenant’s desire to audit a Statement pursuant to this Section 4.6 or Tenant fails to commence and complete such audit within six (6) months after Landlord’s delivery of the Statement in
question, then Tenant shall be deemed to have approved of such Statement and such Statement shall be final and binding upon Tenant. If through such audit it is determined that there is a discrepancy of more than five percent (5%) in the
amount of Operating Expense, Tax Expense and Utility Cost payments made by Tenant for such calendar year when compared to the actual Operating Expenses, Tax Expenses and Utilities Costs for such year, then Landlord shall reimburse Tenant for the
reasonable accounting costs and expenses incurred by Tenant in performing such audit, including Tenant’s outside auditors or accountants (but excluding Tenant’s in-house personnel).

ARTICLE 5 

USE OF PREMISES 

Tenant shall use the Premises solely for general office purposes consistent with the character of the Building as a first-class office
building, and Tenant shall not use or permit the Premises to be used for any other purpose or purposes whatsoever. Tenant further covenants and agrees that it shall not use, or suffer or permit any person or persons to use, the Premises or any part
thereof for any use or purpose contrary to the provisions of Exhibit D, attached hereto, or in violation of the laws of the United States of America, the state in which the Real Property is located, or the ordinances, regulations or
requirements of the local municipal or county governing body or other lawful authorities having jurisdiction over the Real Property. Tenant shall also comply with any measures implemented from time to time to comply with Conservation Programs.
Tenant shall comply with all recorded covenants, conditions, and restrictions, and the provisions of all ground or underlying leases, now or hereafter affecting the Real Property. Tenant shall not use or allow another person or entity to use any
part of the Premises for the storage, use, treatment, manufacture or sale of “Hazardous Material,” as that term is defined below. As used herein, the term “Hazardous Material” means any hazardous or toxic substance,
material or waste which is or becomes regulated by any local governmental authority, the state in which the Real Property is located or the United States Government. 
 

ARTICLE 6 

SERVICES AND UTILITIES 

6.1 Standard Tenant Services. Landlord shall provide the following services on all days during the Lease Term, unless otherwise stated
below. 
 6.1.1 Subject to reasonable changes implemented by Landlord and to all governmental rules, regulations and guidelines applicable
thereto, Landlord shall provide heating and air conditioning when necessary for normal comfort for normal office use in the Premises, from Monday through Friday, during the period from 7:00 a.m. to 6:00 p.m., except for the date of observation of
New Year’s Day, Presidents’ Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day and other locally or nationally recognized holidays as designated by Landlord (collectively, the “Holidays”). 

  
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 6.1.2 Landlord shall provide adequate electrical wiring and facilities and power for normal
general office use for Building standard lighting and standard office equipment, as reasonably determined by Landlord. Landlord shall designate the electricity utility provider from time to time. 

6.1.3 As part of Operating Expenses or Utilities Costs (as determined by Landlord), Landlord shall replace lamps, starters and ballasts for
Building standard lighting fixtures within the Premises. In addition, Tenant shall bear the cost of replacement of lamps, starters and ballasts for non-Building standard lighting fixtures within the Premises. 

6.1.4 Landlord shall provide city water from the regular Building outlets for drinking, lavatory and toilet purposes. 

6.1.5 Landlord shall provide janitorial services five (5) days per week, except the date of observation of the Holidays, in and about the
Premises and window washing services in a manner consistent with other comparable buildings in the vicinity of the Project. 
 6.1.6
Landlord shall provide nonexclusive automatic passenger elevator service at all times. 
 6.1.7 Landlord shall provide nonexclusive freight
elevator service subject to scheduling by Landlord. 
 6.2 Overstandard Tenant Use. Tenant shall not, without Landlord’s prior
written consent, use heat-generating machines, machines other than normal fractional horsepower office machines, or 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 need for water normally furnished for the Premises by Landlord pursuant to the terms of Section 6.1 of this Lease. If such consent is given, Landlord shall have the right to install
supplementary air conditioning equipment or systems 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. If Tenant uses water or heat or air conditioning in excess of that supplied by Landlord pursuant to Section 6.1 of this Lease, or if
Tenant’s consumption of electricity shall exceed two (2) watts connected load per usable square foot of the Premises, calculated on an monthly basis for the hours described in Section 6.1.1 above, Tenant shall pay to Landlord,
within thirty (30) days after billing and as additional rent, the cost of such excess consumption, the cost of the installation, operation, and maintenance of equipment which is installed in order to supply such excess consumption, and the cost
of the increased wear and tear on existing equipment caused by such excess consumption; and Landlord may install devices to separately meter any increased use, and in such event Tenant shall pay, as additional rent, the increased cost directly to
Landlord, within thirty (30) days after demand, including the cost of such additional metering devices. If Tenant desires to use heat, ventilation or air conditioning during hours other than those for which Landlord is obligated to supply such
utilities pursuant to the terms of Section 6.1 of this Lease, (i) Tenant shall give Landlord such prior notice, as Landlord shall from time to time establish as appropriate, of Tenant’s desired use, (ii) Landlord shall
supply such utilities to Tenant at such hourly cost to Tenant as Landlord shall from time to time establish (with a two (2) hour minimum), and (iii) Tenant shall pay such cost within thirty (30) days after billing, as additional rent.
Landlord confirms that after-hours heating and air conditioning is available to the Premises at a current cost of $55.00 per hour. 
 6.3
LEED Compliance. Tenant shall take any measures as may be reasonably necessary from time to time to comply with and assist in the implementation of any and all conservation, recycling, sustainability, energy efficiency, waste reduction or
other programs or practices implemented or enacted from time to time at the Building, including, without limitation, in connection with any LEED (Leadership in Energy and Environmental Design) rating or compliance system or program, including that
currently coordinated through the U.S. Green Building Council (collectively, “Conservation Programs”). 
 6.4
Interruption of Use. Tenant agrees that Landlord shall not be liable for damages, by abatement of Rent or otherwise, for failure to furnish or delay in furnishing any service (including telephone and telecommunication services), or for any
diminution in the quality or quantity thereof, when such failure or delay or diminution is occasioned, in whole or in part, by repairs, replacements, or improvements, by any strike, lockout or other labor trouble, by inability to secure electricity,
gas, water, or other fuel at the Building or Real Property after reasonable effort to do so, by any accident or casualty whatsoever, by act or default of Tenant or other parties, or by any other cause beyond Landlord’s reasonable control; and
such failures or delays or diminution shall never be deemed to constitute an eviction or disturbance of Tenant’s use and possession of the Premises or relieve Tenant from paying Rent or performing any of its obligations under this Lease.
Furthermore, Landlord shall not be liable under any circumstances for a loss of, or injury to, property or for injury to, or interference with, Tenant’s business, including, without limitation, loss of profits, however occurring, through or in
connection with or incidental to a failure to furnish any of the services or utilities as set forth in this Article 6. Notwithstanding anything to the contrary contained herein, Tenant shall be entitled to abate Base Rent due hereunder,
to the extent that utility services to the Premises are interrupted or suspended solely as a result of Landlord’s or its authorized representatives’ gross negligence or willful misconduct, for a period of ten (10) or more consecutive
business days, provided that Tenant is prevented from using the Premises as a result thereof. 
 6.5 Additional Services. Landlord
shall also have the exclusive right, but not the obligation, to provide any additional services which may be required by Tenant, including, without limitation, locksmithing, lamp replacement, additional janitorial service, and additional repairs and
maintenance, provided that Tenant shall pay to Landlord within thirty (30) days after billing, the sum of all costs to Landlord of such additional services plus an administration fee (not to exceed 5%). Charges for any utilities or service for
which Tenant is required to pay from time to time hereunder, shall be deemed Additional Rent hereunder and shall be billed on a monthly basis. 

  
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 6.6 Server Room. Landlord and Tenant acknowledge that a portion of the Premises may be
used as a server room (the “Server Room”) which may require electricity and HVAC services twenty-four (24) hours per day, three hundred sixty-five (365) days per year. Landlord agrees that, subject to the terms of this Lease,
Landlord shall provide Tenant and the Server Room with such services, at Tenant’s sole cost and expense. If Tenant elects to use a portion of the Premises as a Server Room, then Tenant shall install, at Tenant’s sole cost and expense, HVAC
to the Server Room and a separate monitoring device to measure such Server Room usage and Tenant shall pay all such costs of usage within thirty (30) days following Landlord’s written demand. 

ARTICLE 7 

REPAIRS 
 7.1
Tenant’s Repairs. Subject to Landlord’s repair obligations in Sections 7.2 and 11.1 below, Tenant shall, at Tenant’s own expense, keep the Premises, including all improvements, fixtures and furnishings
therein, in good order, repair and condition at all times during the Lease Term, which repair obligations shall include, without limitation, the obligation to promptly and adequately repair all damage to the Premises and replace or repair all
damaged or broken fixtures and appurtenances; provided however, that, at Landlord’s option, or if Tenant fails to make such repairs, Landlord may, but need not, make such repairs and replacements, and Tenant shall pay Landlord the cost thereof,
including a percentage of the cost thereof (to be uniformly established for the Building) sufficient to reimburse Landlord for all overhead, general conditions, fees and other costs or expenses arising from Landlord’s involvement with such
repairs and replacements forthwith upon being billed for same. 
 7.2 Landlord’s Repairs. Anything contained in
Section 7.1 above to the contrary notwithstanding, and subject to Articles 11 and 12 of this Lease, Landlord shall repair and maintain the structural portions of the Building, including the basic plumbing, heating,
ventilating, air conditioning and electrical systems serving the Building and not located in the Premises; provided, however, if such maintenance and repairs are caused in part or in whole by the act, neglect, fault of or omission of any duty by
Tenant, its agents, servants, employees or invitees, Tenant shall pay to Landlord as additional rent, the reasonable cost of such maintenance and repairs. There shall be no abatement of rent and no liability of Landlord by reason of any injury to or
interference with Tenant’s business arising from the making of any repairs, alterations or improvements in or to any portion of the Real Property, Building or the Premises or in or to fixtures, appurtenances and equipment therein. Tenant hereby
waives and releases its right to make repairs at Landlord’s expense under Sections 1941 and 1942 of the California Civil Code; or under any similar law, statute, or ordinance now or hereafter in effect. 

ARTICLE 8 

ADDITIONS AND ALTERATIONS 

8.1 Landlord’s Consent to Alterations. Tenant may not make any improvements, alterations, additions or changes to the Premises
(collectively, the “Alterations”) without first procuring the prior written consent of Landlord to such Alterations, which consent shall be requested by Tenant not less than thirty (30) days prior to the commencement thereof,
and which consent shall not be unreasonably withheld by Landlord; provided, however, Landlord may withhold its consent in its sole and absolute discretion with respect to any Alterations which may affect the structural components of the Building or
the Systems and Equipment or which can be seen from outside the Premises. Tenant shall pay for all overhead, general conditions, fees and other costs and expenses of the Alterations, and for Alterations which require a permit, shall pay to Landlord
a Landlord supervision fee of three percent (3%) of the cost of the Alterations. The construction of the initial improvements to the Premises shall be governed by the terms of the Work Letter and not the terms of this Article 8.
Notwithstanding the foregoing to the contrary, Tenant may, at its sole cost and expense and without Landlord’s written consent, perform interior, non-structural alterations or additions to the Premises provided such alterations or additions do
not affect the structural components of the Building or Systems and Equipment or require any permit or roof penetrations and the cost of which does not exceed $75,000 in the aggregate over a 12 month period (the “Permitted
Alterations”). Tenant shall first notify Landlord at least fifteen (15) days prior to commencing any Permitted Alterations so that Landlord may post a Notice of Non-Responsibility on the Premises. 

8.2 Manner of Construction. Landlord may impose, as a condition of its consent to all Alterations or repairs of the Premises or about
the Premises, such requirements as Landlord in its reasonable discretion may deem desirable, including, but not limited to, the requirement that Tenant utilize for such purposes only contractors, materials, mechanics and materialmen reasonably
approved by Landlord; provided, however, Landlord may impose such requirements as Landlord may determine, in its sole and absolute discretion, with respect to any work affecting the structural components of the Building or Systems and Equipment
(including designating specific contractors to perform such work). Tenant shall construct such Alterations and perform such repairs in conformance with any and all applicable rules and regulations of any federal, state, county or municipal code or
ordinance (including California Energy Code, Title 24) and pursuant to a valid building permit, issued by the city in which the Real Property is located, and in conformance with Landlord’s construction rules and regulations. Landlord’s
approval of the plans, specifications and working drawings for Tenant’s Alterations shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with all laws, rules and
regulations of governmental agencies or authorities. All work with respect to any Alterations must be done in a good and workmanlike manner and diligently prosecuted to completion to the end that the Premises shall at all times be a complete unit
except during the period of work. In performing the work of any such Alterations, Tenant shall have the work performed in such manner as not to obstruct access to the Building or Real Property or the common areas for any other tenant of the Real
Property, and as not to obstruct the business of Landlord or other tenants of the Real Property, or interfere with the labor force working at the Real Property. If Tenant makes any Alterations, Tenant agrees to carry or have its contractor carry
“Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord may require, it being understood and agreed that all of such Alterations shall be
insured by Tenant pursuant to Article 10 of this Lease immediately 

  
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upon completion thereof. In addition, Landlord may, in its discretion, require Tenant to obtain a lien and completion bond or some alternate form of security satisfactory to Landlord in an amount
sufficient to ensure the lien-free completion of such Alterations and naming Landlord as a co-obligee. Upon completion of any Alterations, Tenant shall (i) cause a Notice of Completion to be recorded in the office of the Recorder of the county
in which the Real Property is located in accordance with Section 3093 of the Civil Code of the State of California or any successor statute, (ii) deliver to the management office of the Real Property a reproducible copy of the “as
built” drawings of the Alterations, and (iii) deliver to Landlord evidence of payment, contractors’ affidavits and full and final waivers of all liens for labor, services or materials. 

8.3 Landlord’s Property. All Alterations, improvements, fixtures and/or equipment which may be installed or placed in or about the
Premises, and all signs installed in, on or about the Premises, from time to time, shall be at the sole cost of Tenant and shall be and become the property of Landlord. Furthermore, Landlord may require at the time of granting consent that Tenant
remove any improvement or Alteration upon the expiration or early termination of the Lease Term, and repair any damage to the Premises and Building caused by such removal. If Tenant fails to complete such removal and/or to repair any damage caused
by the removal of any Alterations, Landlord may do so and may charge the cost thereof to Tenant. 
 8.4 Wi-Fi Network. Without
limiting the generality of the foregoing, in the event Tenant desires to install wireless intranet, Internet and communications network (“Wi-Fi Network”) in the Premises for the use by Tenant and its employees, then the same shall
be subject to the provisions of this Section 8.4 (in addition to the other provisions of this Article 8). Tenant shall, in accordance with Article 15 below, remove the Wi-Fi Network from the Premises prior to the
termination of the Lease. Tenant shall use the Wi-Fi Network so as not to cause any interference to other tenants in the Building or to other tenants at the Real Property or with any other tenant’s communication equipment, and not to damage the
Real Property or interfere with the normal operation of the Real Property and Tenant hereby agrees to indemnify, defend and hold Landlord harmless from and against any and all claims, costs, damages, expenses and liabilities (including
attorneys’ fees) arising out of Tenant’s failure to comply with the provisions of this Section 8.4, except to the extent same is caused by the gross negligence or willful misconduct of Landlord and which is not covered by the
insurance carried by Tenant under this Lease (or which would not be covered by the insurance required to be carried by Tenant under this Lease). Should any interference occur, Tenant shall take all necessary steps as soon as reasonably possible and
no later than three (3) calendar days following such occurrence to correct such interference. If such interference continues after such three (3) day period, Tenant shall immediately cease operating such Wi-Fi Network until such
interference is corrected or remedied to Landlord’s satisfaction. Tenant acknowledges that Landlord has granted and/or may grant telecommunication rights to other tenants and occupants of the Building and Real Property and to telecommunication
service providers and in no event shall Landlord be liable to Tenant for any interference of the same with such Wi-Fi Network. Landlord makes no representation that the Wi-Fi Network will be able to receive or transmit communication signals without
interference or disturbance. Tenant shall (i) be solely responsible for any damage caused as a result of the Wi-Fi Network, (ii) promptly pay any tax, license or permit fees charged pursuant to any laws or regulations in connection with
the installation, maintenance or use of the Wi-Fi Network and comply with all precautions and safeguards recommended by all governmental authorities, (iii) pay for all necessary repairs, replacements to or maintenance of the Wi-Fi Network, and
(iv) be responsible for any modifications, additions or repairs to the Building or Real Property, including without limitation, Building or Real Property systems or infrastructure, which are required by reason of the installation, operation or
removal of Tenant’s Wi-Fi Network. Should Landlord be required to retain professionals to research any interference issues that may arise and confirm Tenant’s compliance with the terms of this Section 8.4, Tenant shall
reimburse Landlord for the costs incurred by Landlord in connection with Landlord’s retention of such professionals, the research of such interference issues and confirmation of Tenant’s compliance with the terms of this
Section 8.4 within twenty (20) days after the date Landlord submits to Tenant an invoice for such costs, which costs shall not exceed One Thousand Dollars ($1,000.00) in the aggregate per year (the “Reimbursement
Cap”); provided, however, that to the extent that it is determined that Tenant has failed to perform its obligations under this Section 8.4, the Reimbursement Cap shall not apply, and Tenant shall be responsible for reimbursing
Landlord for all costs Landlord incurs in connection with Landlord’s retention of such professionals, the research of such interference issues and confirmation of Tenant’s compliance with the terms of this Section 8.4. This
reimbursement obligation is in addition to, and not in lieu of, any rights or remedies Landlord may have in the event of a breach or default by Tenant under this Lease. 

ARTICLE 9 

COVENANT AGAINST LIENS 

Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant,
operation of law or otherwise, to attach to or be placed upon the Real Property, Building or Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s interest only. Landlord shall have the right at all times
to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant covenants and agrees not to suffer or permit any lien of mechanics or materialmen or others to be placed against the Real Property,
the Building or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case of any such lien attaching or notice of any lien, Tenant covenants
and agrees to cause it to be immediately released and removed of record. Notwithstanding anything to the contrary set forth in this Lease, if any such lien is not released and removed on or before the date notice of such lien is delivered by
Landlord to Tenant, Landlord, at its sole option, may immediately take all action necessary to release and remove such lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, including reasonable attorneys’
fees and costs, incurred by Landlord in connection with such lien shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant. 

  
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 ARTICLE 10 

INDEMNIFICATION AND INSURANCE 

10.1 Indemnification and Waiver. Tenant hereby assumes all risk of damage to property and injury to persons, in, on, or about the
Premises and the fitness center located in the Building from any cause whatsoever and agrees that Landlord, and its partners and subpartners, and their respective officers, agents, property managers, servants, employees, and independent contractors
(collectively, “Landlord Parties”) shall not be liable for, and are hereby released from any responsibility for, any damage to property or injury to persons or resulting from the loss of use thereof, which damage or injury is
sustained by Tenant or by other persons claiming through Tenant. Tenant shall indemnify, defend, protect, and hold harmless the Landlord Parties from any and all loss, cost, damage, expense and liability (including without limitation court costs and
reasonable attorneys’ fees) incurred in connection with or arising from any cause in, on or about the Premises (including, without limitation, Tenant’s installation, placement and removal of Alterations, improvements, fixtures and/or
equipment in, on or about the Premises), and any acts, omissions or negligence of Tenant or of any person claiming by, through or under Tenant, or of the contractors, agents, servants, employees, licensees or invitees of Tenant or any such person,
in, on or about the Premises, the Building and Real Property; provided, however, that the terms of the foregoing indemnity shall not apply to the gross negligence or willful misconduct of Landlord. The provisions of this Section 10.1
shall survive the expiration or sooner termination of this Lease. 
 10.2 Tenant’s Compliance with Landlord’s Fire and Casualty
Insurance. Tenant shall, at Tenant’s expense, comply as to the Premises with all insurance company requirements pertaining to the use of the Premises. If Tenant’s conduct or use of the Premises causes any increase in the premium for
such insurance policies, then Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National
Board of Fire Underwriters) and with any similar body. 
 10.3 Tenant’s Insurance. Tenant shall maintain the following coverages
in the following amounts. 
 10.3.1 Commercial General Liability Insurance covering the insured against claims of bodily injury, personal
injury and property damage arising out of Tenant’s operations, assumed liabilities or use of the Premises, including a Broad Form Commercial General Liability endorsement covering the insuring provisions of this Lease and the performance by
Tenant of the indemnity agreements set forth in Section 10.1 of this Lease, for limits of liability not less than: 
  

			
	Bodily Injury and Property Damage Liability		 $5,000,000 each occurrence
 $5,000,000 annual
aggregate

		
	Personal Injury Liability		 $5,000,000 each occurrence
 $5,000,000 annual
aggregate
 0% Insured’s participation

 10.3.2 Physical Damage Insurance covering (i) all office furniture, trade fixtures, office equipment,
merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, (ii) the Tenant Improvements, including any Tenant Improvements which Landlord permits to be installed above the ceiling
of the Premises or below the floor of the Premises, and (iii) all other improvements, alterations and additions to the Premises, including any improvements, alterations or additions installed at Tenant’s request above the ceiling of the
Premises or below the floor of the Premises. Such insurance shall be written on a “physical loss or damage” basis under a “special form” policy, for the full replacement cost value new without deduction for depreciation of the
covered items and in amounts that meet any co-insurance clauses of the policies of insurance and shall include a vandalism and malicious mischief endorsement, sprinkler leakage coverage and earthquake sprinkler leakage coverage. 

10.3.3 Workers’ compensation insurance as required by law. 

10.3.4 Loss-of-income, business interruption and extra-expense insurance in such amounts as will reimburse Tenant for direct and indirect loss
of earnings attributable to all perils commonly insured against by prudent tenants or attributable to prevention of loss of access to the Premises or to the Building as a result of such perils. 

10.3.5 Tenant shall carry comprehensive automobile liability insurance having a combined single limit of not less than Two Million Dollars
($2,000,000.00) per occurrence and insuring Tenant against liability for claims arising out of ownership, maintenance or use of any owned, hired or non-owned automobiles. 

10.3.6 The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of Tenant under
this Lease. Such insurance shall: (i) name Landlord, and any other party it so specifies, as an additional insured; (ii) specifically cover the liability assumed by Tenant under this Lease, including, but not limited to, Tenant’s
obligations under Section 10.1 of this Lease; (iii) be issued by an insurance company having a rating of not less than A-VIII in Best’s Insurance Guide or which is otherwise acceptable to Landlord and licensed to do business in
the state in which the Real Property is located; (iv) be primary insurance as to all claims thereunder and provide that any insurance carried by Landlord is excess and is non-contributing with any insurance requirement of Tenant;
(v) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days’ prior written notice shall have been given to Landlord and any mortgagee or ground or

  
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underlying lessor of Landlord; (vi) contain a cross-liability endorsement or severability of interest clause acceptable to Landlord; and (vii) with respect to the insurance required in
Sections 10.3.1 and 10.3.2 above, have deductible amounts not exceeding Twenty-Five Thousand Dollars ($25,000.00). Tenant shall deliver said policy or policies or certificates thereof to Landlord on or before the Lease
Commencement Date and at least ten (10) days before the expiration dates thereof. If Tenant shall fail to procure such insurance, or to deliver such policies or certificate, within such time periods, Landlord may, at its option, in addition to
all of its other rights and remedies under this Lease, and without regard to any notice and cure periods set forth in Section 19.1, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord as
Additional Rent within ten (10) days after delivery of bills therefor. 
 10.4 Subrogation. Landlord and Tenant agree to have
their respective insurance companies issuing property damage insurance waive any rights of subrogation that such companies may have against Landlord or Tenant, as the case may be, so long as the insurance carried by Landlord and Tenant,
respectively, is not invalidated thereby. As long as such waivers of subrogation are contained in their respective insurance policies, Landlord and Tenant hereby waive any right that either may have against the other on account of any loss or damage
to their respective property to the extent such loss or damage is insurable under policies of insurance for fire and all risk coverage, theft, public liability, or other similar insurance. 

10.5 Additional Insurance Obligations. Tenant shall carry and maintain during the entire Lease Term, at Tenant’s sole cost and
expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 10, and such other reasonable types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s
operations therein, as may be reasonably requested by Landlord. 
 ARTICLE 11 

DAMAGE AND DESTRUCTION 

11.1 Repair of Damage to Premises by Landlord. Tenant shall promptly notify Landlord of any damage to the Premises resulting from fire
or any other casualty. If the Premises or any common areas of the Building or Real Property serving or providing access to the Premises shall be damaged by fire or other casualty, Landlord shall promptly and diligently, subject to reasonable delays
for insurance adjustment or other matters beyond Landlord’s reasonable control, and subject to all other terms of this Article 11, restore the base, shell, and core of the Premises and such common areas. Such restoration shall be to
substantially the same condition of the base, shell, and core of the Premises and common areas prior to the casualty, except for modifications required by zoning and building codes and other laws or by the holder of a mortgage on the Real Property,
or the lessor of a ground or underlying lease with respect to the Real Property and/or the Building, or any other modifications to the common areas deemed desirable by Landlord, provided access to the Premises and any common restrooms serving the
Premises shall not be materially impaired. Notwithstanding any other provision of this Lease, upon the occurrence of any damage to the Premises, Tenant shall assign to Landlord (or to any party designated by Landlord) all insurance proceeds payable
to Tenant under Tenant’s insurance required under Section 10.3 of this Lease, and Landlord shall repair any injury or damage to the tenant improvements and alterations installed in the Premises and shall return such tenant
improvements and alterations to their original condition; provided that if the cost of such repair by Landlord exceeds the amount of insurance proceeds received by Landlord from Tenant’s insurance carrier, as assigned by Tenant, the cost of
such repairs shall be paid by Tenant to Landlord prior to Landlord’s repair of the damage. In connection with such repairs and replacements, Tenant shall, prior to the commencement of construction, submit to Landlord, for Landlord’s review
and approval, all plans, specifications and working drawings relating thereto, and Landlord shall select the contractors to perform such improvement work. Landlord shall not be liable for any inconvenience or annoyance to Tenant or its visitors, or
injury to Tenant’s business resulting in any way from such damage or the repair thereof; provided however, that if such fire or other casualty shall have damaged the Premises or common areas necessary to Tenant’s occupancy, Landlord shall
allow Tenant a proportionate abatement of Base Rent and Tenant’s Share of Operating Expenses, Tax Expenses and Utilities Costs during the time and to the extent the Premises are unfit for occupancy for the purposes permitted under this Lease,
and not occupied by Tenant as a result thereof. 
 11.2 Landlord’s Option to Repair. Landlord shall notify Tenant in writing
(“Landlord’s Damage Notice”) within sixty (60) days after the date of damage if Landlord will rebuild and/or restore the Premises or terminate the Lease. Notwithstanding the terms of Section 11.1 of this Lease,
Landlord may elect not to rebuild and/or restore the Premises, the Building and/or any other portion of the Real Property and instead terminate this Lease by notifying Tenant of such election in Landlord’s Damage Notice, such notice to include
a termination date giving Tenant ninety (90) days to vacate the Premises, but Landlord may so elect only if the Building shall be damaged by fire or other casualty or cause, whether or not the Premises are affected, and one or more of the
following conditions is present: (i) repairs cannot reasonably be completed within one hundred eighty (180) days of the date of damage (when such repairs are made without the payment of overtime or other premiums); (ii) the holder of
any mortgage on the Real Property or ground or underlying lessor with respect to the Real Property and/or the Building shall require that the insurance proceeds or any portion thereof be used to retire the mortgage debt, or shall terminate the
ground or underlying lease, as the case may be; or (iii) the damage is not fully covered, except for deductible amounts, by Landlord’s insurance policies. In addition, if the Premises or the Building is destroyed or damaged to any
substantial extent during the last twelve (12) months of the Lease Term, then notwithstanding anything contained in this Article 11, Landlord shall have the option to terminate this Lease by giving written notice to Tenant of the
exercise of such option within thirty (30) days after such damage or destruction, in which event this Lease shall cease and terminate as of the date of such notice. Upon any such termination of this Lease pursuant to this
Section 11.2, Tenant shall pay the Base Rent and Additional Rent, properly apportioned up to such date of termination, subject to the rental abatement provisions in Section 11.1 above, and both parties hereto shall thereafter be
freed and discharged of all further obligations hereunder, except as provided for in provisions of this Lease which by their terms survive the expiration or earlier termination of the Lease Term. 

  
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 11.3 Tenant’s Termination Option. If (i) Landlord does not elect to terminate
this Lease pursuant to Landlord’s termination right as provided in Section 11.2 above, (ii) the damage is not the result of Tenant’s negligence or willful misconduct, (iii) the damage substantially interferes with
Tenant’s access to or usage of the Premises and Tenant does not thereafter use the Premises, and (iv) Landlord’s restoration work cannot, in the reasonable opinion of Landlord’s licensed contractor, be substantially completed
within two hundred ten (210) days after the date of Landlord’s Damage Notice, then Tenant may elect to terminate this Lease by delivering written notice thereof to Landlord within sixty (60) days after Tenant’s receipt of
Landlord’s Damage Notice, which termination shall be effective as of the date which is sixty (60) days after the date such termination notice is delivered to Landlord. In addition, if the Premises is destroyed or materially damaged during
the last twelve (12) months of the Lease Term such that restoration work cannot, in the reasonable opinion of Landlord’s licensed contractor, be substantially completed with ninety (90) days after the date of damage and such damage is
not the result of the negligence or willful misconduct of Tenant or Tenant’s agents, employees or contractors, then Tenant shall have the option to terminate this Lease by giving written notice to Landlord of the exercise of such option within
thirty (30) days after receipt of Landlord’s Damage Notice, in which event this Lease shall cease and terminate as of the date of such notice. 

11.4 Waiver of Statutory Provisions. The provisions of this Lease, including this Article 11, constitute an express
agreement between Landlord and Tenant with respect to any and all damage to, or destruction of, all or any part of the Premises, the Building or any other portion of the Real Property, and any statute or regulation of the state in which the Real
Property is located, including, without limitation, Sections 1932(2) and 1933(4) of the California Civil Code, with respect to any rights or obligations concerning damage or destruction in the absence of an express agreement between the
parties, and any other statute or regulation, now or hereafter in effect, shall have no application to this Lease or any damage or destruction to all or any part of the Premises, the Building or any other portion of the Real Property. 

ARTICLE 12 

CONDEMNATION 
 12.1
Permanent Taking. If the whole or any part of the Premises, Building or Real Property shall be taken by power of eminent domain or condemned by any competent authority for any public or quasi-public use or purpose, or if any adjacent property
or street shall be so taken or condemned, or reconfigured or vacated by such authority in such manner as to require the use, reconstruction or remodeling of any part of the Premises, Building or Real Property, or if Landlord shall grant a deed or
other instrument in lieu of such taking by eminent domain or condemnation, Landlord shall have the option to terminate this Lease upon ninety (90) days’ notice, provided such notice is given no later than one hundred eighty (180) days
after the date of such taking, condemnation, reconfiguration, vacation, deed or other instrument. If more than ten percent (10%) of the rentable square feet of the Premises is taken, or if access to the Premises is substantially impaired,
Tenant shall have the option to terminate this Lease upon ninety (90) days’ notice, provided such notice is given no later than one hundred eighty (180) days after the date of such taking. Landlord shall be entitled to receive the
entire award or payment in connection therewith, except that Tenant shall have the right to file any separate claim available to Tenant for any taking of Tenant’s personal property and fixtures belonging to Tenant and removable by Tenant upon
expiration of the Lease Term pursuant to the terms of this Lease, and for moving expenses, so long as such claim does not diminish the award available to Landlord, its ground lessor with respect to the Real Property or its mortgagee, and such claim
is payable separately to Tenant. All Rent shall be apportioned as of the date of such termination, or the date of such taking, whichever shall first occur. If any part of the Premises shall be taken, and this Lease shall not be so terminated, the
Base Rent and Tenant’s Share of Operating Expenses, Tax Expenses and Utilities Costs shall be proportionately abated. Tenant hereby waives any and all rights it might otherwise have pursuant to Section 1265.130 of The California Code of
Civil Procedure. 
 12.2 Temporary Taking. Notwithstanding anything to the contrary contained in this Article 12, in the
event of a temporary taking of all or any portion of the Premises for a period of one hundred and eighty (180) days or less, then this Lease shall not terminate but the Base Rent and Tenant’s Share of Operating Expenses, Tax Expenses and
Utilities Costs shall be abated for the period of such taking in proportion to the ratio that the amount of rentable square feet of the Premises taken bears to the total rentable square feet of the Premises. Landlord shall be entitled to receive the
entire award made in connection with any such temporary taking. 
 ARTICLE 13 

COVENANT OF QUIET ENJOYMENT 

Landlord covenants that Tenant, on paying the Rent, charges for services and other payments herein reserved and on keeping, observing and
performing all the other terms, covenants, conditions, provisions and agreements herein contained on the part of Tenant to be kept, observed and performed, shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Premises subject
to the terms, covenants, conditions, provisions and agreements hereof without interference by any persons lawfully claiming by or through Landlord. The foregoing covenant is in lieu of any other covenant express or implied. 

ARTICLE 14 

ASSIGNMENT AND SUBLETTING 

14.1 Transfers. Tenant shall not, without the prior written consent of Landlord, assign, mortgage, pledge, hypothecate, encumber, or
permit any lien to attach to, or otherwise transfer, this Lease or any interest hereunder, permit any assignment or other such foregoing transfer of this Lease or any interest hereunder by operation of law, sublet the Premises or any part thereof,
or permit the use of the Premises by any persons other than 

  
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Tenant and its employees (all of the foregoing are hereinafter sometimes referred to collectively as “Transfers” and any person to whom any Transfer is made or sought to be made
is hereinafter sometimes referred to as a “Transferee”). If Tenant shall desire Landlord’s consent to any Transfer, Tenant shall notify Landlord in writing, which notice (the “Transfer Notice”) shall include
(i) the proposed effective date of the Transfer, which shall not be less than thirty (30) days nor more than one hundred eighty (180) days after the date of delivery of the Transfer Notice, (ii) a description of the portion of
the Premises to be transferred (the “Subject Space”), (iii) all of the terms of the proposed Transfer as set forth in a bona fide letter of intent, the name and address of the proposed Transferee, and a copy of all existing
and/or proposed documentation pertaining to the proposed Transfer, including all existing operative documents to be executed to evidence such Transfer or the agreements incidental or related to such Transfer, (iv) current financial statements
of the proposed Transferee certified by an officer, partner or owner thereof, and (v) such other information as Landlord may reasonably require. Any Transfer made without Landlord’s prior written consent shall, at Landlord’s option,
be null, void and of no effect, and shall, at Landlord’s option, constitute a default by Tenant under this Lease. Whether or not Landlord shall grant consent, within thirty (30) days after written request by Landlord, Tenant shall pay to
Landlord One Thousand Five Hundred Dollars ($1,500.00) to reimburse Landlord for its review and processing fees, and Tenant shall also reimburse Landlord for any reasonable legal fees incurred by Landlord in connection with Tenant’s proposed
Transfer. Notwithstanding anything to the contrary contained in this Lease, so long as Tenant delivers to Landlord (i) at least twenty (20) days prior written notice of its intention to assign or sublease the Premises to any Permitted
Transferee, which notice shall set forth the name of the Permitted Transferee, (ii) a copy of the proposed agreement pursuant to which such assignment or sublease shall be effectuated, and (iii) such other information concerning the
Permitted Transferee as Landlord may reasonably require, including without limitation, information regarding any change in the proposed use of any portion of the Premises and financial statements prepared in accordance with generally accepted
accounting principles with respect to such Permitted Transferee, and so long as (a) any change in the proposed use of the subject portion of the Premises is in conformance with the uses permitted to be made under this Lease and do not involve
the use or storage of any Hazardous Materials (other than nominal amounts of ordinary household cleaners, office supplies and janitorial supplies which are not regulated by any environmental laws), and (b) the Permitted Transferee has a
tangible net worth and net income, in the aggregate, computed in accordance with generally accepted accounting principles (but excluding goodwill as an asset), which is equal to or greater than Tenant as of the date of this Lease, then Tenant may
assign this Lease or sublease any portion of the Premises (1) to any Related Entity, or (2) in connection with any merger, consolidation or sale of substantially all of the assets of Tenant, without having to obtain the prior written
consent of Landlord thereto (each such transfer shall be referred to herein as a “Permitted Transfer” and each transferee pursuant to a Permitted Transfer shall be referred to herein as a “Permitted Transferee” ). Any Permitted
Transfer shall in no way relieve Tenant of any liability Tenant may have under this Lease and such assignee or sublessee shall be jointly and severally liable with Tenant hereunder. For purposes of this Section 14.1, the term “Related
Entity” shall mean any entity controlled by, under control with, or in control of Tenant. The term “control” as used in the immediately preceding sentence shall mean having direct ownership of fifty percent (50%) or more of the
ownership interests of an entity and having the ability to direct the management and policies of such entity. The provisions of Sections 14.3 and 14.4 below shall be inapplicable to a Permitted Transfer. 

14.2 Landlord’s Consent. Landlord shall not unreasonably withhold its consent to any proposed Transfer of the Subject Space to the
Transferee on the terms specified in the Transfer Notice. The parties hereby agree that it shall be reasonable under this Lease and under any applicable law for Landlord to withhold consent to any proposed Transfer where one or more of the following
apply, without limitation as to other reasonable grounds for withholding consent: 
 14.2.1 The Transferee is of a character or reputation
or engaged in a business which is not consistent with the quality of the Building or Real Property; 
 14.2.2 The Transferee intends to use
the Subject Space for purposes which are not permitted under this Lease; 
 14.2.3 The Transferee is either a governmental agency or
instrumentality thereof; 
 14.2.4 The Transfer will result in more than a reasonable and safe number of occupants per floor within the
Subject Space; 
 14.2.5 The Transferee is not a party of reasonable financial worth and/or financial stability in light of the
responsibilities involved under the Lease on the date consent is requested; 
 14.2.6 The proposed Transfer would cause Landlord to be in
violation of another lease or agreement to which Landlord is a party, or would give an occupant of the Real Property a right to cancel its lease; 

14.2.7 The terms of the proposed Transfer will allow the Transferee to exercise a right of renewal, right of expansion, right of first offer,
or other similar right held by Tenant (or will allow the Transferee to occupy space leased by Tenant pursuant to any such right); or 

14.2.8 Either the proposed Transferee, or any person or entity which directly or indirectly, controls, is controlled by, or is under common
control with, the proposed Transferee, (i) occupies space in the Project at the time of the request for consent, (ii) is negotiating with Landlord to lease space in the Project at such time, or (iii) has negotiated with Landlord
during the twelve (12)-month period immediately preceding the Transfer Notice. 
 If Landlord consents to any Transfer pursuant to the terms
of this Section 14.2 (and does not exercise any recapture rights Landlord may have under Section 14.4 of this Lease), Tenant may within six (6) months after Landlord’s consent, but not later than the expiration of
said six-month period, enter into such Transfer of the 

  
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Premises or portion thereof, upon substantially the same terms and conditions as are set forth in the Transfer Notice furnished by Tenant to Landlord pursuant to Section 14.1 of this
Lease, provided that if there are any changes in the terms and conditions from those specified in the Transfer Notice (i) such that Landlord would initially have been entitled to refuse its consent to such Transfer under this
Section 14.2, or (ii) which would cause the proposed Transfer to be more favorable to the Transferee than the terms set forth in Tenant’s original Transfer Notice, Tenant shall again submit the Transfer to Landlord for its
approval and other action under this Article 14 (including Landlord’s right of recapture, if any, under Section 14.4 of this Lease). 

14.3 Transfer Premium. If Landlord consents to a Transfer, as a condition thereto which the parties hereby agree is reasonable, Tenant
shall pay to Landlord seventy-five percent (75%) of any “Transfer Premium,” as that term is defined in this Section 14.3, received by Tenant from such Transferee. “Transfer Premium” shall mean all rent,
additional rent or other consideration payable by such Transferee in excess of the Rent and Additional Rent payable by Tenant under this Lease on a per rentable square foot basis if less than all of the Premises is transferred, after deducting the
reasonable expenses incurred by Tenant for (i) any reasonable changes, alterations and improvements to the Premises in connection with the Transfer (but only to the extent approved by Landlord), and (ii) any reasonable brokerage
commissions and attorneys’ fees in connection with the Transfer. “Transfer Premium” shall also include, but not be limited to, key money and bonus money paid by Transferee to Tenant in connection with such Transfer, and any payment in
excess of fair market value for services rendered by Tenant to Transferee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to Transferee in connection with such Transfer. 

14.4 Landlord’s Option as to Subject Space. Notwithstanding anything to the contrary contained in this Article 14, for
any proposed assignment of the Lease or sublease of an entire floor of the Premises for substantially all of the remaining Lease Term, Landlord shall have the option, by giving written notice to Tenant within twenty (20) days after receipt of
any Transfer Notice, to recapture the Subject Space. Such recapture notice shall cancel and terminate this Lease with respect to the Subject Space as of the date stated in the Transfer Notice as the effective date of the proposed Transfer until the
last day of the term of the Transfer as set forth in the Transfer Notice. If this Lease shall be canceled with respect to less than the entire Premises, the Rent reserved herein shall be prorated on the basis of the number of rentable square feet
retained by Tenant in proportion to the number of rentable square feet contained in the Premises, and this Lease as so amended shall continue thereafter in full force and effect, and upon request of either party, the parties shall execute written
confirmation of the same. If Landlord declines, or fails to elect in a timely manner to recapture the Subject Space under this Section 14.4, then, provided Landlord has consented to the proposed Transfer, Tenant shall be entitled to
proceed to transfer the Subject Space to the proposed Transferee, subject to provisions of the last paragraph of Section 14.2 of this Lease. 

14.5 Effect of Transfer. If Landlord consents to a Transfer, (i) the terms and conditions of this Lease shall in no way be deemed
to have been waived or modified, (ii) such consent shall not be deemed consent to any further Transfer by either Tenant or a Transferee, (iii) Tenant shall deliver to Landlord, promptly after execution, an original executed copy of all
documentation pertaining to the Transfer in form reasonably acceptable to Landlord, and (iv) no Transfer relating to this Lease or agreement entered into with respect thereto, whether with or without Landlord’s consent, shall relieve
Tenant or any guarantor of the Lease from liability under this Lease. Landlord or its authorized representatives shall have the right at all reasonable times to audit the books, records and papers of Tenant relating to any Transfer, and shall have
the right to make copies thereof. If the Transfer Premium respecting any Transfer shall be found understated, Tenant shall, within thirty (30) days after demand, pay the deficiency and Landlord’s costs of such audit. 

14.6 Additional Transfers. For purposes of this Lease, the term “Transfer” shall also include (i) if Tenant is a
partnership, the withdrawal or change, voluntary, involuntary or by operation of law, of fifty percent (50%) or more of the partners, or transfer of twenty-five percent (25%) or more of partnership interests, within a twelve
(12) month period, or the dissolution of the partnership without immediate reconstitution thereof, and (ii) if Tenant is a closely held corporation (i.e., whose stock is not publicly held and not traded through an exchange or over the
counter), (A) the dissolution, merger, consolidation or other reorganization of Tenant, (B) the sale or other transfer of more than an aggregate of fifty percent (50%) of the voting shares of Tenant (other than to immediate family
members by reason of gift or death), within a twelve (12) month period, or (C) the sale, mortgage, hypothecation or pledge of more than an aggregate of fifty percent (50%) of the value of the unencumbered assets of Tenant within a
twelve (12) month period. 
 ARTICLE 15 

SURRENDER; OWNERSHIP AND REMOVAL OF TRADE FIXTURES 

15.1 Surrender of Premises. No act or thing done by Landlord or any agent or employee of Landlord during the Lease Term shall be deemed
to constitute an acceptance by Landlord of a surrender of the Premises unless such intent is specifically acknowledged in a writing signed by Landlord. The delivery of keys to the Premises to Landlord or any agent or employee of Landlord shall not
constitute a surrender of the Premises or effect a termination of this Lease, whether or not the keys are thereafter retained by Landlord, and notwithstanding such delivery Tenant shall be entitled to the return of such keys at any reasonable time
upon request until this Lease shall have been properly terminated. The voluntary or other surrender of this Lease by Tenant, whether accepted by Landlord or not, or a mutual termination hereof, shall not work a merger, and at the option of Landlord
shall operate as an assignment to Landlord of all subleases or subtenancies affecting the Premises. 
 15.2 Removal of Tenant Property by
Tenant. Upon the expiration of the Lease Term, or upon any earlier termination of this Lease, Tenant shall, subject to the provisions of this Article 15, quit and surrender possession of the Premises to Landlord in as good order and
condition as when Tenant took possession and as thereafter improved by Landlord and/or Tenant, reasonable wear and tear and repairs which are specifically made the responsibility of Landlord hereunder excepted. Upon such expiration or termination,
Tenant shall, without 

  
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expense to Landlord, remove or cause to be removed from the Premises all telephone, data, and other cabling and wiring (including any cabling and wiring associated with the Wi-Fi Network, if any)
installed or caused to be installed by Tenant (including any cabling and wiring, installed above the ceiling of the Premises or below the floor of the Premises), all debris and rubbish, and such items of furniture attached or unattached, equipment,
free-standing cabinet work, and other articles of personal property owned by Tenant or installed or placed by Tenant at its expense in the Premises (such as work stations, rooms or cubicles that are attached but easily removable without material
damage to the Premises), and such similar articles of any other persons claiming under Tenant, as Landlord may, in its sole discretion, require to be removed, and Tenant shall repair at its own expense all damage to the Premises and Building
resulting from such removal. 
 15.3 Furniture. Landlord and Tenant acknowledge and agree that Tenant shall own the Furniture (as
defined in Exhibit B), insure the Furniture as required pursuant to Article 10 above, and be solely responsible for maintaining the Furniture in good condition and repair, normal wear and tear and casualty excepted. Notwithstanding the
foregoing, in the event of a default by Tenant under this Lease (beyond the expiration of all applicable notice and cure periods), as a component of Landlord’s remedies pursuant to Section 19 below, Landlord may, at its option, take
ownership of the Furniture. In furtherance of the foregoing sentence, following the termination of this Lease due to a default by Tenant, Tenant shall, in consideration of the sum of One Dollar ($1), sell to Landlord all of the Furniture in “as
is” condition pursuant to a commercially reasonable Bill of Sale approved by the parties. At the expiration or earlier termination of this Lease, provided ownership of the Furniture has not been transferred to Landlord as set forth in this
Section 15.3, the Furniture shall be removed from the Premises in accordance with the provisions of Section 15.2 above. 

ARTICLE 16 

HOLDING OVER 
 If
Tenant holds over after the expiration of the Lease Term hereof, with or without the express or implied consent of Landlord, such tenancy shall be a tenancy at sufferance only, and shall not constitute a renewal hereof or an extension for any
further term, and in such case Base Rent shall be payable at a monthly rate equal to one hundred-fifty percent (150%) of the Base Rent applicable during the last rental period of the Lease Term under this Lease. Such tenancy shall be subject to
every other term, covenant and agreement contained herein. Landlord hereby expressly reserves the right to require Tenant to surrender possession of the Premises to Landlord as provided in this Lease upon the expiration or other termination of this
Lease. The provisions of this Article 16 shall not be deemed to limit or constitute a waiver of any other rights or remedies of Landlord provided herein or at law. If Tenant fails to surrender the Premises upon the termination or
expiration of this Lease, in addition to any other liabilities to Landlord accruing therefrom, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs (including reasonable attorneys’ fees) and liability
resulting from such failure, including, without limiting the generality of the foregoing, any claims made by any succeeding tenant founded upon such failure to surrender, and any lost profits to Landlord resulting therefrom. 

ARTICLE 17 

ESTOPPEL CERTIFICATES 

Within ten (10) days following a request in writing by Landlord, Tenant shall execute and deliver to Landlord an estoppel certificate,
which, as submitted by Landlord, shall be in the form as may be required by any mortgagee, prospective mortgagee or purchaser of the Real Property (or any portion thereof), indicating therein any exceptions thereto that may exist at that time, and
shall also contain any other information reasonably requested by Landlord or Landlord’s mortgagee or prospective mortgagee. Tenant shall execute and deliver whatever other instruments may be reasonably required for such purposes. Failure of
Tenant to timely execute and deliver such estoppel certificate or other instruments shall constitute an acceptance of the Premises and an acknowledgment by Tenant that statements included in the estoppel certificate are true and correct, without
exception. Failure by Tenant to so deliver such estoppel certificate shall be a material default of the provisions of this Lease. In addition, Tenant shall be liable to Landlord, and shall indemnify Landlord from and against any loss, cost, damage
or expense, incidental, consequential, or otherwise, including attorneys’ fees, arising or accruing directly or indirectly, from any failure of Tenant to execute or deliver to Landlord any such estoppel certificate. 

ARTICLE 18 

SUBORDINATION AND ATTORNMENT 

18.1 Subordination to Mortgages. This Lease and Tenant’s interest herein are and shall be subject and subordinate to each and
every mortgage now existing or, subject to Article 13 above, made subsequent to the date hereof and which cover the Building, the land or any part thereof of which the Premises is a part, and to all renewals, modifications, replacements,
consolidations and extensions thereof and to any and all advances made thereunder and the interest thereon. Such subordination shall be effective automatically and without the need for further documentation, but, if requested by the holder of any
such mortgage, Tenant shall, within ten (10) business days of receipt of same, execute, acknowledge and deliver any and all documents and instruments confirming such subordination of this Lease and Tenant’s interest herein as the holder of
such mortgage shall require. In the event that a mortgagee of a mortgage made prior to the delivery of this Lease shall request that this Lease have priority over such mortgage, and such mortgage covers the Building, the land or any part thereof of
which the Premises is a part, and Landlord consents thereto, this Lease shall have priority over said mortgage and all renewals, modifications, replacements, consolidations and extensions thereof and all advances made thereunder and the interest
thereon, and Tenant shall, within ten (10) business days of receipt of same, execute, acknowledge and deliver any and all documents and instruments confirming the priority of this Lease. 

  
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 18.2 Subordination to Leases. This Lease and Tenant’s interest herein are and shall
be subject and subordinate to each and every underlying lease now existing or, subject to Article 13 above, made subsequent to the date hereof and which covers the Building, the land or any part thereof of which the Premises is a part and to all
renewals, modifications, replacements and extensions thereof. Such subordination shall be effective automatically and without the need for further documentation but, upon request of Landlord, Tenant shall, within ten (10) business days of
receipt of same, execute, acknowledge and deliver any and all documents and instruments subordinating this Lease and Tenant’s interest herein. 

18.3 Attornment. In the event of (a) a transfer of Landlord’s interest in the Premises, (b) the termination of any
underlying lease of premises which include the Premises or (c) the purchase of the Premises or Landlord’s interest therein in a foreclosure sale or by deed in lieu of foreclosure under any mortgage or pursuant to a power of sale contained
in any mortgage, then in any of such events Tenant shall, at the request of such transferee or purchaser of Landlord’s interest, attorn to and recognize the transferee or purchaser of Landlord’s interest or underlying lease, as the case
may be, as “Landlord” under this Lease for the balance then remaining of the Term, and thereafter this Lease shall continue as a direct Lease between such person, as “Landlord”, and Tenant, as “Tenant” provided such
party executes and delivers to Tenant a commercially reasonable non-disturbance agreement, and such person shall not be liable for any act or omission of Landlord prior to such Lease termination or prior to such person’s succession to title,
nor be subject to any offset, defense or counterclaim accruing prior to such Lease termination or prior to such person’s succession to title, nor be bound by any payment of Base Rent or Additional Rent prior to such Lease termination or prior
to such person’s succession to title for more than one month in advance or by any modification of this Lease or any waiver, compromise, release or discharge of any obligation of Tenant hereunder unless such modification, waiver, compromise,
release or discharge shall have been specifically consented to in writing by the lessor under such underlying lease or the mortgagee under said mortgage, or for return of the security deposit, if any, (unless actually received by such person). 

18.4 Notices to Mortgagees. Tenant shall send to each mortgagee of any mortgage covering the Building or land or any part thereof
(after notification of the identity of such mortgagee and the mailing address thereof) copies of all notices that Tenant sends to Landlord; such notices to said mortgagee shall be sent concurrently with the sending of the notices to Landlord and in
the same manner as notices are required to be sent pursuant to Section 24.19 hereof. Tenant will accept performance of any provision of this Lease by such mortgagee as performance by, and with the same force and effect as though
performed by, Landlord. If any act or omission of Landlord would give Tenant the right, immediately or after lapse of a period of time, to cancel or terminate this Lease, or to claim a partial or total eviction, Tenant shall not exercise such right
until (a) Tenant gives notice of such act or omission to Landlord and to each such mortgagee, and (b) a reasonable period of time for remedying such act or omission elapses following the time when such mortgagee becomes entitled under such
mortgage to remedy same (which reasonable period shall in no event be less than the period to which Landlord is entitled under this Lease or otherwise, after similar notice, to effect such remedy and which reasonable period shall take into account
such time as shall be required to institute and complete any foreclosure proceedings). 
 ARTICLE 19 

TENANT’S DEFAULTS; LANDLORD’S REMEDIES 

19.1 Events of Default by Tenant. All covenants and agreements to be kept or performed by Tenant under this Lease shall be performed by
Tenant at Tenant’s sole cost and expense and without any reduction of Rent. The occurrence of any of the following shall constitute a default of this Lease by Tenant: 

19.1.1 Any failure by Tenant to pay any Rent or any other charge required to be paid under this Lease, or any part thereof, when due, where
such failure continues for three (3) days after written notice thereof from Landlord to Tenant; provided however, that any such notice shall be in lieu of, and not in addition to, any notice required under California Code of Civil Procedure
Section 1161 or any similar or successor law; or 
 19.1.2 Any failure by Tenant to observe or perform any other provision, covenant or
condition of this Lease to be observed or performed by Tenant where such failure continues for thirty (30) days after written notice thereof from Landlord to Tenant; provided however, that any such notice shall be in lieu of, and not in
addition to, any notice required under California Code of Civil Procedure Section 1161 or any similar or successor law; and provided further that if the nature of such default is such that the same cannot reasonably be cured within a thirty
(30)-day period, Tenant shall not be deemed to be in default if it diligently commences such cure within such period and thereafter diligently proceeds to rectify and cure said default as soon as possible; or 

19.1.3 Abandonment of the Premises by Tenant. Abandonment is herein defined to include, but is not limited to, any absence by Tenant from the
Premises for three (3) business days or longer while in default of any material provision of this Lease. 
 19.2 Landlord’s
Remedies Upon Default. Upon the occurrence of any such default by Tenant, Landlord shall have, in addition to any other remedies available to Landlord at law or in equity, the option to pursue any one or more of the following remedies, each and
all of which shall be cumulative and nonexclusive, without any notice or demand whatsoever. 
 19.2.1 Terminate this Lease, in which event
Tenant shall immediately surrender the Premises to Landlord, and if Tenant fails to do so, Landlord may, without prejudice to any other remedy which it may have for possession or arrearages in rent, enter upon and take possession of the Premises and
expel or remove Tenant and any other person who may be occupying the Premises or any part thereof, without being liable for prosecution or any claim or damages therefor; and Landlord may recover from Tenant the following: 

(i) The worth at the time of award of any unpaid rent which has been earned at the time of such termination; plus 

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

(iii) The worth at the time of award of the amount by which the unpaid rent for the balance of the Lease Term after the time of award exceeds
the amount of such rental loss that Tenant proves could have been 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 of things would be likely to result therefrom, specifically including but not limited to,
brokerage commissions and advertising expenses incurred, expenses of remodeling the Premises or any portion thereof for a new tenant, whether for the same or a different use, and any special concessions made to obtain a new tenant; and 

(v) 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. 
 The term “rent” as used in this Section 19.2 shall be deemed to be and to mean all sums of every nature required to
be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 19.2.1(i) and (ii), above, the “worth at the time of award” shall be computed by allowing interest at the
Interest Rate set forth in Section 4.5 of this Lease. As used in Section 19.2.1(iii) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal
Reserve Bank of San Francisco at the time of award plus one percent (1%). 
 19.2.2 Landlord shall have the remedy described in California
Civil Code Section 1951.4 (lessor may continue lease in effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable limitations). Accordingly, if
Landlord does not elect to terminate this Lease on account of any default by Tenant, Landlord may, from time to time, without terminating this Lease, enforce all of its rights and remedies under this Lease, including the right to recover all rent as
it becomes due. 
 19.2.3 Landlord may, but shall not be obligated to, make any such payment or perform or otherwise cure any such
obligation, provision, covenant or condition on Tenant’s part to be observed or performed (and may enter the Premises for such purposes). In the event of Tenant’s failure to perform any of its obligations or covenants under this Lease, and
such failure to perform poses a material risk of injury or harm to persons or damage to or loss of property, then Landlord shall have the right to cure or otherwise perform such covenant or obligation at any time after such failure to perform by
Tenant, whether or not any such notice or cure period set forth in Section 19.1 above has expired. Any such actions undertaken by Landlord pursuant to the foregoing provisions of this Section 19.2.3 shall not be deemed a
waiver of Landlord’s rights and remedies as a result of Tenant’s failure to perform and shall not release Tenant from any of its obligations under this Lease. 

19.3 Payment by Tenant. Tenant shall pay to Landlord, within fifteen (15) days after delivery by Landlord to Tenant of statements
therefor: (i) sums equal to expenditures reasonably made and obligations incurred by Landlord in connection with Landlord’s performance or cure of any of Tenant’s obligations pursuant to the provisions of Section 19.2.3
above; and (ii) sums equal to all expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law,
including, without limitation, all legal fees and other amounts so expended. Tenant’s obligations under this Section 19.3 shall survive the expiration or sooner termination of the Lease Term. 

19.4 Sublessees of Tenant. Whether or not Landlord elects to terminate this Lease on account of any default by Tenant, as set forth in
this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and affecting the Premises or may, in Landlord’s sole
discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’s interest in any such subleases, licenses, concessions or arrangements,
Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder. 

19.5 Waiver of Default. No waiver by Landlord of any violation or breach by Tenant of any of the terms, provisions and covenants herein
contained shall be deemed or construed to constitute a waiver of any other or later violation or breach by Tenant of the same or any other of the terms, provisions, and covenants herein contained. Forbearance by Landlord in enforcement of one or
more of the remedies herein provided upon a default by Tenant shall not be deemed or construed to constitute a waiver of such default. The acceptance of any Rent hereunder by Landlord following the occurrence of any default, whether or not known to
Landlord, shall not be deemed a waiver of any such default, except only a default in the payment of the Rent so accepted. 
 19.6 Efforts
to Relet. For the purposes of this Article 19, Tenant’s right to possession shall not be deemed to have been terminated by efforts of Landlord to relet the Premises, by its acts of maintenance or preservation with respect to the
Premises, or by appointment of a receiver to protect Landlord’s interests hereunder. The foregoing enumeration is not exhaustive, but merely illustrative of acts which may be performed by Landlord without terminating Tenant’s right to
possession. 

  
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 ARTICLE 20 

SECURITY DEPOSIT 

Concurrent with Tenant’s execution of this Lease, Tenant shall deposit with Landlord a security deposit (the “Security
Deposit”) in the amount set forth in Section 10 of the Summary. The Security Deposit shall be held by Landlord as security for the faithful performance by Tenant of all the terms, covenants, and conditions of this Lease to be
kept and performed by Tenant during the Lease Term. If Tenant defaults with respect to any provisions of this Lease, including, but not limited to, the provisions relating to the payment of Rent, Landlord may, but shall not be required to, use,
apply or retain all or any part of the Security Deposit for the payment of any Rent or any other sum in default, or for the payment of any amount that Landlord may spend or become obligated to spend by reason of Tenant’s default, or to
compensate Landlord for any other loss or damage that Landlord may suffer by reason of Tenant’s default. If any portion of the Security Deposit is so used or applied, Tenant shall, within five (5) days after written demand therefor,
deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its original amount, and Tenant’s failure to do so shall be a default under this Lease. If Tenant shall fully and faithfully perform every provision of this
Lease to be performed by it, the Security Deposit, or any balance thereof, shall be returned to Tenant, or, at Landlord’s option, to the last assignee of Tenant’s interest hereunder, within sixty (60) days following the expiration of
the Lease Term. Tenant shall not be entitled to any interest on the Security Deposit. Tenant hereby waives the provisions of Section 1950.7 (except for the subsection (b)) of the California Civil Code, and all other provisions of law, now or
hereafter in force, which 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, it being agreed that
Landlord may, in addition, claim those 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. 

ARTICLE 21 

COMPLIANCE WITH LAW 

Tenant shall not do anything or suffer anything to be done in or about the Premises which will in any way conflict with any law, statute,
ordinance or other governmental rule, regulation or requirement now in force or which may hereafter be enacted or promulgated. At its sole cost and expense, Tenant shall promptly comply with all such governmental measures, other than the making of
structural changes or changes to the Building’s life safety system (collectively the “Excluded Changes”) except to the extent such Excluded Changes are required due to Tenant’s alterations to or particular manner of use of
the Premises. In addition, Tenant shall fully comply with all present or future programs intended to manage parking, transportation or traffic in and around the Real Property, and in connection therewith, Tenant shall take responsible action for the
transportation planning and management of all employees located at the Premises by working directly with Landlord, any governmental transportation management organization or any other transportation-related committees or entities. The judgment of
any court of competent jurisdiction or the admission of Tenant in any judicial action, regardless of whether Landlord is a party thereto, that Tenant has violated any of said governmental measures, shall be conclusive of that fact as between
Landlord and Tenant. For purposes of Section 1938 of the California Civil Code, Landlord hereby discloses to Tenant, and Tenant hereby acknowledges, that the Premises have not undergone inspection by a Certified Access Specialist (CASp). 

ARTICLE 22 

ENTRY BY LANDLORD 

Landlord reserves the right at all reasonable times and upon reasonable notice (not less than 24 hours in advance except in the event of
emergency, for which no notice shall be required) to Tenant to enter the Premises to: (i) inspect them; (ii) show the Premises to prospective purchasers, mortgagees or tenants, or to the ground or underlying lessors during the last nine
(9) months of the Lease Term; (iii) to post notices of nonresponsibility; or (iv) alter, improve or repair the Premises or the Building if necessary to comply with current building codes or other applicable laws, or for structural
alterations, repairs or improvements to the Building, or as Landlord may otherwise reasonably desire or deem necessary. Notwithstanding anything to the contrary contained in this Article 22, Landlord may enter the Premises at any time,
without notice to Tenant, in emergency situations and/or to perform janitorial or other services required of Landlord pursuant to this Lease. Any such entries shall be without the abatement of Rent and shall include the right to take such reasonable
steps as required to accomplish the stated purposes. Tenant hereby waives any claims for damages or for any injuries or inconvenience to or interference with Tenant’s business, lost profits, any loss of occupancy or quiet enjoyment of the
Premises, and any other loss occasioned thereby. For each of the above purposes, Landlord shall at all times have a key with which to unlock all the doors in the Premises, excluding Tenant’s vaults, safes and special security areas designated
in advance by Tenant. In an emergency, Landlord shall have the right to enter without notice and use any means that Landlord may deem proper to open the doors in and to the Premises. Any entry into the Premises in the manner hereinbefore described
shall not be deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an actual or constructive eviction of Tenant from any portion of the Premises. 

ARTICLE 23 

TENANT PARKING 

Tenant shall purchase throughout the Lease Term the number of parking passes set forth in Section 12 of the Summary, located in
those portions of the Parking Facilities as may be designated by Landlord from time to time. Tenant shall pay to Landlord for the use of such parking passes, on a monthly basis, the prevailing rate charged from time to time by Landlord or
Landlord’s parking operator for parking passes in the Parking Facilities where such parking passes are located, which rates are currently $130.00 per unreserved parking pass per month, 

  
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and $200.00 per reserved parking pass per month; provided, Tenant’s allotted parking passes shall be free of charge by Landlord during the initial Lease Term. Of Tenant’s allotted
parking passes, ten (10) parking passes shall be reserved passes and one (1) parking pass shall be a reserved EV station parking pass capable of charging an electric car (provided, however, Tenant shall pay for all electrical usage
consumption costs incurred when using the EV charging station). Tenant shall be allotted up to an additional fifty-nine (59) unreserved parking passes in excess of Tenant’s allotted parking until such date that the Building is fifty
percent (50%) occupied, at which time Tenant’s right Lease such additional fifty-nine (59) parking passes will expire. Tenant shall pay to Landlord for the use of the additional unreserved parking passes specified in the immediately
preceding sentence at a rate of $110.00 per pass. Tenant’s continued right to use the parking passes is conditioned upon Tenant abiding by all reasonable rules and regulations which are prescribed from time to time for the orderly operation and
use of the Parking Facilities and upon Tenant’s cooperation in seeing that Tenant’s employees and visitors also comply with such rules and regulations. In addition, Landlord may assign any parking spaces and/or make all or a portion of
such spaces reserved or institute an attendant-assisted tandem parking program and/or valet parking program if Landlord determines in its reasonable discretion that such is necessary or desirable for orderly and efficient parking. Landlord
specifically reserves the right, from time to time, to change the size, configuration, design, layout, location and all other aspects of the Parking Facilities, and Tenant acknowledges and agrees that Landlord, from time to time, may, without
incurring any liability to Tenant and without any abatement of Rent under this Lease temporarily close-off or restrict access to the Parking Facilities, or temporarily relocate Tenant’s parking spaces to other parking structures and/or surface
parking areas within a reasonable distance from the Parking Facilities, for purposes of permitting or facilitating any such construction, alteration or improvements or to accommodate or facilitate renovation, alteration, construction or other
modification of other improvements or structures located on the Real Property. Landlord may delegate its responsibilities hereunder to a parking operator in which case such parking operator shall have all the rights of control attributed hereby to
Landlord. The parking rates charged by Landlord for Tenant’s parking passes shall be exclusive of any parking tax or other charges imposed by governmental authorities in connection with the use of such parking, which taxes and/or charges shall
be paid directly by Tenant or the parking users, or, if directly imposed against Landlord, Tenant shall reimburse Landlord for all such taxes and/or charges within thirty (30) days after Tenant’s receipt of the invoice from Landlord. The
parking passes provided to Tenant pursuant to this Article 23 are provided solely for use by Tenant’s own personnel and such passes may not be transferred, assigned, subleased or otherwise alienated (except to a Permitted
Transferee) by Tenant without Landlord’s prior approval, which shall not be unreasonably withheld. 
 ARTICLE 24 

MISCELLANEOUS PROVISIONS 

24.1 Terms; Captions. The necessary grammatical changes required to make the provisions hereof apply either to corporations or
partnerships or individuals, men or women, as the case may require, shall in all cases be assumed as though in each case fully expressed. The captions of Articles and Sections are for convenience only and shall not be deemed to limit, construe,
affect or alter the meaning of such Articles and Sections. 
 24.2 Binding Effect. Each of the provisions of this Lease shall extend
to and shall, as the case may require, bind or inure to the benefit not only of Landlord and of Tenant, but also of their respective successors or assigns, provided this clause shall not permit any assignment by Tenant contrary to the provisions of
Article 14 of this Lease. 
 24.3 No Waiver. No waiver of any provision of this Lease shall be implied by any failure of
a party to enforce any remedy on account of the violation of such provision, even if such violation shall continue or be repeated subsequently, any waiver by a party of any provision of this Lease may only be in writing, and no express waiver shall
affect any provision other than the one specified in such waiver and that one only for the time and in the manner specifically stated. No receipt of monies by Landlord from Tenant after the termination of this Lease shall in any way alter the length
of the Lease Term or of Tenant’s right of possession hereunder or after the giving of any notice shall reinstate, continue or extend the Lease Term or affect any notice given Tenant prior to the receipt of such monies, it being agreed that
after the service of notice or the commencement of a suit or after final judgment for possession of the Premises, Landlord may receive and collect any Rent due, and the payment of said Rent shall not waive or affect said notice, suit or judgment.

 24.4 Modification of Lease; Financials. Should any current or prospective mortgagee or ground lessor for the Real Property require
a modification or modifications of this Lease, which modification or modifications will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in
such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are required therefor and deliver the same to Landlord within ten (10) days following the request therefor. Should Landlord or any such
current or prospective mortgagee or ground lessor require execution of a short form of Lease for recording, containing, among other customary provisions, the names of the parties, a description of the Premises and the Lease Term, Tenant agrees to
execute such short form of Lease and to deliver the same to Landlord within ten (10) business days following the request therefor. In addition, upon request from time to time, Tenant agrees to provide to Landlord, within ten (10) business
days of written request, current financial statements for Tenant, dated no earlier than one (1) year prior to such request, certified as accurate by Tenant or, if available, audited financial statements prepared by an independent certified
public accountant with copies of the auditor’s statement. If any Guaranty is executed in connection with this Lease, Tenant also agrees to deliver to Landlord, within ten (10) business days of written request, and not more than once a
year, current financial statements of the Guarantor in a form consistent with the above criteria. All such financial statements will be delivered to Landlord and any such lender or purchaser in confidence and shall only be used for purposes of
evaluating the financial strength of Tenant or of Guarantor, as applicable. 
 24.5 Transfer of Landlord’s Interest. Tenant
acknowledges that Landlord has the right to transfer all or any portion of its interest in the Real Property, the Building and/or in this Lease, and Tenant agrees that in the event 

  
 -22- 

 
of any such transfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s
obligations hereunder after the date of transfer. The liability of any transferee of Landlord shall be limited to the interest of such transferee in the Real Property and such transferee shall be without personal liability under this Lease, and
Tenant hereby expressly waives and releases such personal liability on behalf of itself and all persons claiming by, through or under Tenant. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as
additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. 

24.6 Prohibition Against Recording. Except as provided in Section 24.4 of this Lease, neither this Lease, nor any
memorandum, affidavit or other writing with respect thereto, shall be recorded by Tenant or by anyone 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. 
 24.7 Landlord’s Title; Air Rights. Landlord’s title is and always shall be paramount to the
title of Tenant. Nothing herein contained shall empower Tenant to do any act which can, shall or may encumber the title of Landlord. 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. 
 24.8 Tenant’s Signs. 

24.8.1 Building Directory. Landlord shall provide space on the Building directory on the ground floor lobby of the Building for a
listing identifying Tenant’s name and suite number. Landlord shall also install near the entry door to the Premises signage identifying Tenant’s name. All such permitted signage shall use Building standard materials and lettering. Landlord
shall pay for the cost of the initial installation of such permitted signage, and Tenant shall pay for the cost of any changes thereto. Except for such identification signs and as expressly provided in this Section 28.4, Tenant may not install
any signs on the exterior or roof of the Building or the common areas of the Building or the Real Property. Any signs, window coverings, or blinds (even if the same are located behind the Landlord approved window coverings for the Building), or
other items visible from the exterior of the Premises or Building are subject to the prior approval of Landlord, in its sole and absolute discretion. 

24.8.2 Building Exterior Sign. Subject to the approval of all applicable governmental authorities and Landlord, and compliance with all
applicable governmental laws and ordinances, all recorded covenants, conditions and restrictions affecting the Building and/or the Project, and the terms of this Section 24.8.2, Tenant shall have the right to install, at Tenant’s
cost, a sign displaying Tenant’s name, “XACTLY”, but no other markings, on the exterior of the Building in a location reasonably approved by Landlord but located about the height of the eighth (8th) floor of the Building (the “Building Exterior Sign”). Tenant shall pay for all costs and expenses related to the Building Exterior Sign, including, without limitation, costs
of the construction, installation, maintenance, insurance, utilities, repair and replacement thereof. Tenant shall maintain the Building Exterior Sign in compliance with all laws and subject to the applicable provisions of Articles 7 and
8 above. 
 24.8.2.1 Transferability. The rights to the Building Exterior Sign are personal to the original Tenant executing
this Lease (the “Original Tenant”) and any Permitted Transferee and may not be transferred by the Original Tenant or used by anyone else except to a Permitted Transferee. In addition, following the Lease Commencement Date, Tenant
shall only have such rights to the Building Exterior Sign when the Original Tenant or any Permitted Transferee is in actual and physical possession of no less than two (2) entire floors of the Premises. 

24.8.2.2 Insurance/Maintenance/Removal. Tenant shall be responsible, at its sole cost and expense, for (i) maintaining insurance
on the Building Exterior Sign as part of the insurance required to be carried by Tenant pursuant to Article 10 above, and (ii) the repair, maintenance and replacement, in first-class order and condition, of the Building Exterior Sign.
Should Tenant fail to perform such maintenance, repairs and/or replacement, Landlord may, but need not, perform such maintenance, repairs and/or replacements, and Tenant shall pay Landlord the cost thereof, including a percentage of the cost thereof
sufficient to reimburse Landlord for all overhead, general conditions, fees and other reasonable out-of-pocket costs or expenses arising from Landlord’s involvement with such maintenance, repairs and/or replacements forthwith within thirty
(30) days of being billed for same. Upon the expiration or earlier termination of this Lease (or prior to such expiration or earlier termination, upon Tenant’s loss of its rights to the Building Exterior Sign pursuant to
Section 24.8.2.1 above), Tenant shall, at Tenant’s sole cost and expense, cause to be removed the Building Exterior Sign, and Tenant shall repair all damage occasioned thereby and restore the portion of the Building and the Project where
the Building Exterior Sign was located to its original condition prior to the installation thereof. If Tenant fails to timely remove the Building Exterior Sign and repair and restore the Building and/or the Project as provided in the immediately
preceding sentence, Landlord may perform such work, and all reasonable costs and expenses incurred by Landlord in so performing such work shall be reimbursed by Tenant to Landlord within thirty (30) days after Tenant’s receipt of invoice
therefor. The immediately preceding sentence shall survive the expiration or earlier termination of this Lease. 
 24.8.3 Building
Exterior Sign Relocation. Landlord shall have the right to offer exterior signage rights at the Building to any other tenant or occupant at any location on the Building exterior Landlord so desires. On the earlier of (a) the date the
Building reaches an eighty percent (80%) occupancy level and no other tenant has Building top signage, or (b) the date Landlord grants Building top signage rights to another tenant or occupant of the Building, Original Tenant or any
Permitted Transferee shall have the right, to be exercised if at all within thirty (30) days after receipt of notice from Landlord of the presence of the facts set forth in clause (a) or (b), to relocate its existing Building Exterior Sign
installed pursuant to Section 24.8.2 to a location at the top of the Building mutually agreed upon by Landlord and Tenant. In the event Tenant relocates its Building Exterior Sign pursuant to this Section 24.8.3, all fees, costs and
expenses incurred in connection therewith (including costs incurred removing the Building Exterior Sign from its existing location and restoration of the Building exterior as a result of such removal activity) shall be borne solely by Tenant. 

  
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 24.9 Relationship of Parties. Nothing contained in this Lease shall be deemed or construed
by the parties hereto or by any third party to create the relationship of principal and agent, partnership, joint venturer or any association between Landlord and Tenant, it being expressly understood and agreed that neither the method of
computation of Rent nor any act of the parties hereto shall be deemed to create any relationship between Landlord and Tenant other than the relationship of landlord and tenant. 

24.10 Application of Payments. Landlord shall have the right to apply payments received from Tenant pursuant to this Lease, regardless
of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect. 

24.11 Time of Essence. Time is of the essence of this Lease and each of its provisions. 

24.12 Partial Invalidity. If any term, provision or condition contained in this Lease shall, to any extent, be invalid or
unenforceable, the remainder of this Lease, or the application of such term, provision or condition to persons or circumstances other than those with respect to which it is invalid or unenforceable, shall not be affected thereby, and each and every
other term, provision and condition of this Lease shall be valid and enforceable to the fullest extent possible permitted by law. 
 24.13
No Warranty. In executing and delivering this Lease, Tenant has not relied on any representation, including, but not limited to, any representation whatsoever as to the amount of any item comprising Additional Rent or the amount of the
Additional Rent in the aggregate or that Landlord is furnishing the same services to other tenants, at all, on the same level or on the same basis, or any warranty or any statement of Landlord which is not set forth herein or in one or more of the
Exhibits attached hereto. 
 24.14 Landlord Exculpation. It is expressly understood and agreed that notwithstanding anything in this
Lease to the contrary, and notwithstanding any applicable law to the contrary, the liability of Landlord and the Landlord Parties hereunder (including any successor landlord) and any recourse by Tenant against Landlord or the Landlord Parties shall
be limited solely and exclusively to an amount which is equal to the ownership interest of Landlord in the Building (including any proceeds thereof), and neither Landlord, nor any of the Landlord Parties 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. 

24.15 Entire Agreement. It is understood and acknowledged that there are no oral agreements between the parties hereto affecting this
Lease and this Lease supersedes and cancels any and all previous negotiations, arrangements, brochures, agreements and understandings, if any, between the parties hereto or displayed by Landlord to Tenant with respect to the subject matter thereof,
and none thereof shall be used to interpret or construe this Lease. This Lease and any side letter or separate agreement executed by Landlord and Tenant in connection with this Lease and dated of even date herewith contain all of the terms,
covenants, conditions, warranties and agreements of the parties relating in any manner to the rental, use and occupancy of the Premises, shall be considered to be the only agreement between the parties hereto and their representatives and agents,
and none of the terms, covenants, conditions or provisions of this Lease can be modified, deleted or added to except in writing signed by the parties hereto. All negotiations and oral agreements acceptable to both parties have been merged into and
are included herein. There are no other representations or warranties between the parties, and all reliance with respect to representations is based totally upon the representations and agreements contained in this Lease. 

24.16 Right to Lease. Landlord reserves the absolute right to effect such other tenancies in the Building and/or in any other building
and/or any other portion of the Real Property as Landlord in the exercise of its sole business judgment shall determine to best promote the interests of the Real Property. Tenant does not rely on the fact, nor does Landlord represent, that any
specific tenant or type or number of tenants shall, during the Lease Term, occupy any space in the Building or Real Property. 
 24.17
Force Majeure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, acts of God, inability to obtain services, labor, or materials or reasonable substitutes therefor, governmental actions, civil commotions, fire or
other casualty, and other causes beyond the reasonable control of the party obligated to perform, except with respect to the obligations imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease and except with
respect to Tenant’s obligations under the Work Letter (collectively, the “Force Majeure”), notwithstanding anything to the contrary contained in this Lease, 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 caused by a
Force Majeure. 
 24.18 Waiver of Redemption by Tenant. 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. 

24.19 Notices. All notices, demands, statements or communications (collectively, “Notices”) given or required to be
given by either party to the other hereunder shall be in writing, shall be sent by United States certified or registered mail, postage prepaid, return receipt requested, or delivered personally (i) to Tenant at the appropriate address set forth
in Section 5 of the Summary, or to such other place as Tenant may from time to time designate in a Notice to Landlord; or (ii) to Landlord at the addresses set forth in Section 3 of the Summary, or to such other firm or
to such other place as Landlord may from time to time designate in a Notice to Tenant. Any Notice will be deemed given on the date it is mailed as provided in this Section 24.19 or upon the date personal delivery is made. If Tenant is
notified of the identity and address of Landlord’s mortgagee or ground or underlying lessor, Tenant shall 

  
 -24- 

 
give to such mortgagee or ground or underlying lessor written notice of any default by Landlord under the terms of this Lease by registered or certified mail, and such mortgagee or ground or
underlying lessor shall be given a reasonable opportunity to cure such default prior to Tenant’s exercising any remedy available to Tenant. 

24.20 Joint and Several. If there is more than one Tenant, the obligations imposed upon Tenant under this Lease shall be joint and
several. 
 24.21 Authority. If Tenant is a corporation or partnership, each individual executing this Lease on behalf of Tenant
hereby represents and warrants that Tenant is a duly formed and existing entity qualified to do business in the state in which the Real Property is located and that Tenant has full right and authority to execute and deliver this Lease and that each
person signing on behalf of Tenant is authorized to do so. Tenant confirms that it is not in violation of any executive order or similar governmental regulation or law, which prohibits terrorism or transactions with suspected or confirmed terrorists
or terrorist entities or with persons or organizations that are associated with, or that provide any form of support to, terrorists. Tenant further confirms that it will comply throughout the Term of this Lease, with all governmental laws, rules or
regulations governing transactions or business dealings with any suspected or confirmed terrorists or terrorist entities, as identified from time to time by the U.S. Treasury Department’s Office of Foreign Assets Control or any other applicable
governmental entity. 
 24.22 Jury Trial; Attorneys’ Fees. IF EITHER PARTY COMMENCES LITIGATION AGAINST THE OTHER FOR THE
SPECIFIC PERFORMANCE OF THIS LEASE, FOR DAMAGES FOR THE BREACH HEREOF OR OTHERWISE FOR ENFORCEMENT OF ANY REMEDY HEREUNDER, THE PARTIES HERETO AGREE TO AND HEREBY DO WAIVE ANY RIGHT TO A TRIAL BY JURY. In the event of any such commencement of
litigation, the prevailing party shall be entitled to recover from the other party such costs and reasonable attorneys’ fees as may have been incurred, including any and all costs incurred in enforcing, perfecting and executing such judgment.

 24.23 Governing Law. This Lease shall be construed and enforced in accordance with the laws of the state in which the Real
Property is located. 
 24.24 Submission of Lease. Submission of this instrument for examination or signature by Tenant does not
constitute a reservation of or an option for lease, and it is not effective as a lease or otherwise until execution and delivery by both Landlord and Tenant. 

24.25 Brokers. Landlord and Tenant hereby warrant to each other that they have had no dealings with any real estate broker or agent in
connection with the negotiation of this Lease, excepting only the real estate brokers or agents specified in Section 13 of the Summary (the “Brokers”), and that they know of no other real estate broker or agent who is
entitled to a commission in connection with this Lease. Each party agrees to indemnify and defend the other party against and hold the other party harmless from any and all claims, demands, losses, liabilities, lawsuits, judgments, and costs and
expenses (including without limitation reasonable attorneys’ fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of the indemnifying party’s dealings with any real estate broker or agent
other than the Brokers. 
 24.26 Independent Covenants. This Lease shall be construed as though the covenants herein between Landlord
and Tenant are independent and not dependent and Tenant hereby expressly waives the benefit of any statute to the contrary and agrees that if Landlord fails to perform its obligations set forth herein, Tenant shall not be entitled to make any
repairs or perform any acts hereunder at Landlord’s expense or to any setoff of the Rent or other amounts owing hereunder against Landlord; provided, however, that the foregoing shall in no way impair the right of Tenant to commence a separate
action against Landlord for any violation by Landlord of the provisions hereof so long as notice is first given to Landlord and any holder of a mortgage or deed of trust covering the Building, Real Property or any portion thereof, of whose address
Tenant has theretofore been notified, and an opportunity is granted to Landlord and such holder to correct such violations as provided above. 

24.27 Building Name and Signage. Landlord shall have the right at any time to change the name(s) of the Building and Real Property and
to install, affix and maintain any and all signs on the exterior and on the interior of the Building and any portion of the Real Property as Landlord may, in Landlord’s sole discretion, desire. Tenant shall not use the names of the Building or
Real Property or use pictures or illustrations of the Building or Real Property in advertising or other publicity, without the prior written consent of Landlord. 

24.28 Confidentiality. Tenant acknowledges that the content of this Lease and any related documents are confidential information.
Tenant shall keep such confidential information strictly confidential and shall not disclose such confidential information to any person or entity other than Tenant’s financial, legal, and space planning consultants, or in accordance with
securities law, and Tenant’s officers, directors, and employees and any proposed transferee, for up to two (2) years following the Commencement Date. 

24.29 Landlord’s Construction. It is specifically understood and agreed that Landlord has no obligation and has made no promises
to alter, remodel, improve, renovate, repair or decorate the Premises, Building, Real Property, or any part thereof and that no representations or warranties respecting the condition of the Premises, the Building or the Real Property have been made
by Landlord to Tenant, except as specifically set forth in this Lease. Tenant acknowledges that prior to and during the Lease Term, Landlord (and/or any common area association) will be completing construction and/or demolition work pertaining to
various portions of the Building, Premises, and/or Real Property, including without limitation the Parking Facilities, landscaping and tenant improvements for premises for other tenants and, at Landlord’s sole election, such other buildings,
parking facilities, improvements, landscaping and other facilities within or as part of the Project as Landlord (and/or such common area association) shall from time to time desire (collectively, the “Construction”). In connection
with such Construction, Landlord may, among other things, erect scaffolding or other necessary structures in the Building, limit or eliminate access to portions of the Real Property, including portions of the common areas, or perform work in the
Building and/or Real 

  
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Property, which work may create noise, dust or leave debris in the Building and/or Real Property. Tenant hereby agrees that such Construction and Landlord’s actions in connection with such
Construction shall in no way constitute a constructive eviction of Tenant nor entitle Tenant to any abatement of Rent. Landlord shall have no responsibility or for any reason be liable to Tenant for any direct or indirect injury to or interference
with Tenant’s business arising from such Construction, nor shall Tenant be entitled to any compensation or damages from Landlord for loss of the use of the whole or any part of the Premises or of Tenant’s personal property or improvements
resulting from such Construction or Landlord’s actions in connection with such Construction, or for any inconvenience or annoyance occasioned by such Construction or Landlord’s actions in connection with such Construction. 

24.30 Counterparts. This Lease may be executed in counterparts. All executed counterparts shall constitute one agreement, and each
counterpart shall be deemed an original. 
 ARTICLE 25 

LENDER PROTECTIONS 

Notwithstanding anything to the contrary in this Lease or any mortgage, any party that becomes owner of the Premises as a result of
(i) foreclosure under any mortgage, (ii) any other exercise by any holder of a mortgage affecting the Premises, the Building, the land beneath the Building or any interest of Landlord therein (a “Mortgagee”) of rights and
remedies (whether under any mortgage or under applicable law, including bankruptcy law) as holder of a mortgage, or (iii) delivery by Landlord to a Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest
in the Premises in lieu of any of the foregoing (“Successor Landlord”) shall not be liable for or bound by any of the following matters: 

(i) any right of Tenant to any offset, defense, claim, counterclaim, reduction, deduction, or abatement against Tenant’s payment of rent
or performance of Tenant’s other obligations under this Lease, arising (whether under this Lease or under applicable law) from Landlord’s breach or default under this Lease (“Offset Right”) that Tenant may have against
Landlord or any other party that was landlord under this Lease at any time before the occurrence of any attornment by Tenant (“Former Landlord”) relating to any event or occurrence before the date of attornment, including any claim
for damages of any kind whatsoever as the result of any breach by Former Landlord that occurred before the date of attornment. The foregoing shall not limit either (x) Tenant’s right to exercise against Successor Landlord any Offset Right
otherwise available to Tenant because of events occurring after the date of attornment or (y) Successor Landlord’s obligation to correct any conditions that existed as of the date of attornment and violate Successor Landlord’s
obligations as landlord under this Lease; 
 (ii) any obligation with respect to any security deposited with Former Landlord, unless such
security was actually delivered to Mortgagee; 
 (iii) to commence or complete any initial construction of improvements in the Premises or
any expansion or rehabilitation of existing improvements thereon; 
 (iv) to reconstruct or repair improvements following a fire, casualty
or condemnation; 
 (v) any offset, defense, claim, counterclaim, reduction, deduction, or abatement arising from representations and
warranties related to Former Landlord; 
 (vi) any modification or amendment of the Lease, or any waiver of the terms of the Lease, made
without Mortgagee’s written consent; 
 (vii) any consensual or negotiated surrender, cancellation, or termination of the Lease, in
whole or in part, agreed upon between Landlord and Tenant, unless effected unilaterally by Tenant pursuant to the express terms of the Lease; 

(viii) any payment of rent that Tenant may have made to Former Landlord more than thirty (30) days before the date such rent was first
due and payable under the Lease with respect to any period after the date of attornment other than, and only to the extent that, the Lease expressly required such a prepayment; and 

(ix) to pay Tenant any sum(s) that any Former Landlord owed to Tenant unless such sums, if any, shall have been actually delivered to
Mortgagee by way of an assumption of escrow accounts or otherwise. 

  
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 IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be executed the day and
date first above written. 
  

							
	“Landlord”:
	
	 RIVERPARK TOWER II, LLC,
 a
Delaware limited liability company

		
	By:		Legacy Partners Commercial, L.P.,
			a California limited partnership
			As Manager and Agent for Owner
			
			By:		Legacy Partners Commercial, Inc.,
					General Partner
				
					By:		 /s/ Hanna Eyal

							Hanna Eyal
					Its:		Senior Vice President
							DRE #01178811
							BL DRE #01464134
		
			“Tenant”:
		
			 XACTLY CORPORATION,
 a
Delaware corporation

			
			By:		 /s/ Christopher W. Cabrera

			Name:		Christopher W. Cabrera
			Its:		CEO and President
			
			By:		 /s/ Colleen M. Pouliot

			Name:		Colleen M. Pouliot
			Its:		General Counsel and Secretary

 *** If Tenant is a CORPORATION, the authorized officers must sign on behalf of the corporation and indicate the capacity
in which they are signing. The Lease must be executed by the president or vice president and the secretary or assistant secretary, unless the bylaws or a resolution of the board of directors shall otherwise provide, in which event, the bylaws or a
certified copy of the resolution, as the case may be, must be attached to this Lease. 

  
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 EXHIBIT B 

WORK LETTER 

This Work Letter (“Work Letter”) sets forth the terms and conditions relating to the construction of improvements for
the Premises. All references in this Work Letter to the “Lease” shall mean the relevant portions of the Lease to which this Work Letter is attached as Exhibit B. 

SECTION 1 

BASE, SHELL AND CORE 

Tenant hereby accepts the base, shell and core (i) of the Premises and (ii) of the floor(s) of the Building on which the
Premises are located (collectively, the “Base, Shell and Core”), in its current “AS-IS” condition existing as of the date of the Lease and the Lease Commencement Date. Except for the Tenant Improvement Allowance set
forth below, Landlord shall not be obligated to make or pay for any alterations or improvements to the Premises, the Building, the Project or the Real Property. 

SECTION 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 up to, but not exceeding $57.00 per rentable square foot of the Premises (i.e., up to $3,374,685.00, based on 59,205 rentable square feet in the Premises), for the costs relating to the initial design and
construction of Tenant’s improvements which are permanently affixed to the Premises (the “Tenant Improvements”). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter in a total amount which
exceeds the Tenant Improvement Allowance. Tenant shall not be entitled to receive any cash payment or credit against Rent or otherwise for any portion of the Tenant Improvement Allowance which is not used to pay for the Tenant Improvement Allowance
Items (as such term is defined below). 
 2.2 Disbursement of the Tenant Improvement Allowance. Except as otherwise set forth in this
Work Letter, the Tenant Improvement Allowance shall be disbursed by Landlord (each of which disbursement shall be made pursuant to Landlord’s standard disbursement process), only for the following items and costs (collectively, the
“Tenant Improvement Allowance Items”): 
 2.2.1 payment of the fees of the “Architect” and the
“Engineers”, as those terms are defined in Section 3.1 of this Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with
the preparation and review of the “Construction Drawings”, as that term is defined in Section 3.1 of this Work Letter; 

2.2.2 the payment of plan check, permit and license fees relating to construction of the Tenant Improvements; 

2.2.3 the cost of construction of the Tenant Improvements, including, without limitation, contractors’ fees and general conditions,
testing and inspection costs, costs of utilities, trash removal, parking and hoists, and the costs of after-hours freight elevator usage; 

2.2.4 the cost of any changes in the Base, Shell and Core 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), such cost to include all direct architectural and/or engineering fees and expenses incurred in connection therewith; 

2.2.5 the cost of any changes to the Construction Drawings or Tenant Improvements required by Code or any other applicable laws; 

2.2.6 sales and use taxes and Title 24 fees; 

2.2.7 the costs and expenses associated with complying with all national, state and local codes, including California Energy Code, Title 24,
including, without limitation, all costs associated with any lighting or HVAC retrofits required thereby; 
 2.2.8 the “Landlord
Supervision Fee”, as that term is defined in Section 4.3.2 of this Work Letter; and 
 2.2.9 all other costs to be expended
by Landlord in connection with the construction of the Tenant Improvements. 
 2.3 Furniture Allowance. In addition to the Tenant
Improvement Allowance, Landlord shall grant to Tenant an allowance of up to Six Hundred Fifty Thousand Dollars ($650,000) (the “Furniture Allowance”) solely for the purchase of furniture to be utilized in the Premises (the
“Furniture”); provided, however, if Tenant fails to utilize any portion of the Furniture Allowance on or before the date that is nine (9) months following the mutual execution of the Lease, then any unused portion of the
Furniture Allowance shall be forfeited and Landlord shall 

  

 
thereafter have no obligation to provide any unused Furniture Allowance. Within thirty (30) days after Tenant purchases the Furniture and delivers to Landlord a detailed list of all such
Furniture, invoices for all such Furniture and reasonable evidence that payment has been made for such Furniture, Landlord shall reimburse Tenant for the costs of the Furniture in an amount up to, but not exceeding the Furniture Allowance amount.
The portion of the Furniture Allowance utilized shall be amortized over the then remaining portion of the initial term of the Lease at the rate of six percent (6%) per annum and such amortized amount (together with interest charges thereon)
shall paid by Tenant with, and as part of, the Base Rent for the Premises in accordance with the provisions and requirements of Article 3 of the Lease (the “Amortized Furniture Costs”); provided, however, that the Amortized
Furniture Costs shall be a fixed amount and not subject to annual escalations that are otherwise applicable to Base Rent. Within two (2) weeks after the actual cost of the Furniture is known, the parties shall execute and deliver a written
amendment to the Lease, in the form acceptable to the parties, wherein there shall be specified, inter alia, the amount of the Base Rent payable by Tenant during the initial term of the Lease after taking into account the amount of the Amortized
Furniture Costs. If tenant fails to remit the Amortized Furniture Costs as required under this Section 2.3 following any applicable notice and cure period provided in Article 19 of the Lease, Landlord may, at its option, declare Tenant in
default under the Lease. 
 2.4 Specifications for Building Standard Components. 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 received by Tenant. Unless otherwise agreed to by Landlord, the Tenant
Improvements shall comply with the Specifications. Landlord may make changes to the Specifications from time to time. 
 SECTION 3

 CONSTRUCTION DRAWINGS 

3.1 Selection of Architect/Construction Drawings. Landlord shall retain an architect/space planner (the “Architect”)
to prepare the “Construction Drawings”, as that term is defined in this Section 3.1. Landlord shall retain Landlord’s engineering consultants (the “Engineers”) to prepare all plans and engineering working
drawings relating to the structural, mechanical, electrical, plumbing, HVAC, life safety, and sprinkler work in the Premises. The plans and drawings to be prepared by Architect and the Engineers hereunder shall be known collectively as the
“Construction Drawings”. Notwithstanding that any Construction Drawings are reviewed by Landlord or prepared by its Architect, Engineers and consultants, and notwithstanding any advice or assistance which may be rendered to Tenant
by Landlord or Landlord’s Architect, Engineers, and consultants, Landlord shall have no liability whatsoever in connection therewith and shall not be responsible for any omissions or errors contained in the Construction Drawings, and
Tenant’s waiver and indemnity set forth in Article 10 of the Lease shall specifically apply to the Construction Drawings. 

3.2 Final Space Plan. Within three (3) days of the full execution and delivery of the Lease by Landlord and Tenant, Tenant
shall meet with Landlord’s Architect and provide Landlord’s Architect with information regarding the preliminary layout and designation of all proposed offices, rooms and other partitioning, and their intended use and equipment to be
contained therein and the location of an interstitial staircase (the “Information”). Landlord and Architect shall, based on such Information (subject to changes reasonably required by Landlord), prepare the final space plan for
Tenant Improvements in the Premises (collectively, the “Final Space Plan”), which Final Space Plan shall include a layout and designation of all offices, rooms and other partitioning, their intended use, and equipment to be
contained therein, and shall deliver the Final Space Plan to Tenant for Tenant’s approval. Tenant shall approve or reasonably disapprove the Final Space Plan or any revisions thereto within five (5) business days after Landlord delivers
the Final Space Plan or such revisions to Tenant; provided, however, that Tenant may only disapprove the Final Space Plan to the extent the same is not (subject to changes reasonably required by Landlord) in substantial conformance
with the Information provided by Tenant to Architect (“Space Plan Design Problem”). Tenant’s failure to disapprove the Final Space Plan for any Space Plan Design Problem or any revisions thereto by written notice to Landlord
(which notice shall specify in detail the reasonable reasons for Tenant’s disapproval pertaining to any Space Plan Design Problem) within said five (5) business day period shall be deemed to constitute Tenant’s approval of the Final
Space Plan or such revisions. 
 3.3 Final Working Drawings. Based on the Final Space Plan, Landlord shall cause the
Architect and the Engineers to complete the architectural and engineering drawings for the Premises, and Architect shall compile a fully coordinated set of architectural, structural, mechanical, electrical and plumbing working drawings in a form
which is complete to allow subcontractors to bid on the work and to obtain all applicable permits (collectively, the “Final Working Drawings”) and shall submit the same to Tenant for Tenant’s approval. The Final Working
Drawings shall incorporate modifications to the Final Space Plan as necessary to comply with the floor load and other structural and system requirements of the Building. To the extent that the finishes and specifications are not completely set forth
in the Final Space Plan for any portion of the Tenant Improvements depicted thereon, the actual specifications and finish work shall be in accordance with the Specifications. Tenant shall approve or reasonably disapprove the Final Working Drawings
or any revisions thereto within five (5) business days after Landlord delivers the Final Working Drawings or any revisions thereto to Tenant; provided, however, that Tenant may only disapprove the Final Working Drawings to the
extent the same are not (subject to changes reasonably required by Landlord) in substantial conformance with the Final Space Plan (“Working Drawing Design Problem”). Tenant’s failure to reasonably disapprove the Final Working
Drawings or any revisions thereto by written notice to Landlord (which notice shall specify in detail the reasonable reasons for Tenant’s disapproval pertaining to any Working Drawing Design Problem) within said five (5) business day
period shall be deemed to constitute Tenant’s approval of the Final Working Drawings or such revisions. 

  

 3.4 Approved Working Drawings. The Final Working Drawings shall be approved or deemed
approved by Tenant (the “Approved Working Drawings”) prior to the commencement of the construction of the Tenant Improvements. Landlord shall cause the Architect to submit the Approved Working Drawing to the applicable local
governmental agency for all applicable building permits necessary to allow “Contractor”, as that term is defined in Section 4.1 of this Work Letter, to commence and fully complete the construction of the Tenant Improvements
(the “Permits”). No changes, modifications or alterations in the Approved Working Drawings may be made without the prior written consent of Landlord, provided that Landlord may withhold its consent, in its reasonable
discretion, to any change in the Approved Working Drawings, if such change would directly or indirectly delay the Substantial Completion of the Premises and/or would result in an Over-Allowance Cap (as defined
below). 
 3.5 Time Deadlines. Tenant shall use its best efforts to cooperate with Architect, the Engineers, and Landlord to complete
all phases of the Construction Drawings and the permitting process and to receive the Permits, and with Contractor, for approval of the “Cost Proposal”, as that term is defined in Section 4.2 below as soon as possible after the
execution of the Lease and, in this regard, to the extent Landlord considers such meeting(s) to be reasonably necessary, Tenant shall meet with Landlord on a weekly basis to discuss Tenant’s progress in connection with the same. 

SECTION 4 

CONSTRUCTION OF THE TENANT IMPROVEMENTS 

4.1 The Contractor. Landlord shall select and retain a general contractor to construct the Tenant Improvements through a
competitive bidding process which shall include the following contractors: McClarney Construction and Legacy Partners CDS, Inc. The contractor chosen by Landlord from the approved list of bidders shall be the contractor submitting
the lowest cost bid. Following such bidding process and Landlord’s selection of a general contractor in accordance with the terms hereof, Landlord’s selection of the contractor shall thereafter be the “Contractor”
hereunder. Legacy Partners CDS, Inc. is affiliated with Landlord. 
 4.2 Cost Proposal. After the Approved Working Drawings are
signed by Landlord and Tenant, Landlord shall provide Tenant with a cost proposal in accordance with the Approved Working Drawings, which cost proposal shall include, as nearly as possible, the cost of all Tenant Improvement Allowance Items to be
incurred by Tenant in connection with the construction of the Tenant Improvements (the “Cost Proposal”). Notwithstanding the foregoing, portions of the cost of the Tenant Improvements may be delivered to Tenant as such portions of
the Tenant Improvements are priced by Contractor (on an individual item-by-item or trade-by-trade basis), even before the Approved Working Drawings are completed (the
“Partial Cost Proposal”). Tenant shall approve and deliver the Cost Proposal to Landlord within five (5) business days of the receipt of the same (or, as to a Partial Cost Proposal, within two (2) business days of receipt
of the same). The date by which Tenant must approve and deliver the Cost Proposal, or the last Partial Cost Proposal to Landlord, as the case may be, shall be known hereafter as the “Cost Proposal Delivery Date”. The total of all
Partial Cost Proposals, if any, shall be known as the Cost Proposal. Notwithstanding anything above to the contrary, if upon Landlord’s delivery of any Partial or final Cost Proposal to Tenant, the Over-Allowance Amount (as defined below) is
determined to be greater than an amount equal to twenty-five percent (25%) of the Tenant Improvement Allowance (the “Over-Allowance Cap”), then Landlord, shall have the right to revise
the Approved Working Drawings and/or any other Construction Drawings (and resubmit the same to Tenant for Tenant’s approval to be provided pursuant to the approval procedures and standards set forth in Section 3.3 above) to reduce
the Over-Allowance Amount to an amount less than the Over-Allowance Cap and Landlord may refuse to sign any construction contract until such revisions to the Approved Working Drawings and/or any other Construction Drawings are approved by Tenant.

 4.3 Construction of Tenant Improvements by Landlord’s Contractor under the Supervision of Landlord. 

4.3.1 Over-Allowance Amount. Prior to the commencement of construction of the Tenant Improvements, Landlord and Tenant shall identify
the amount (the “Over-Allowance Amount”) equal to the difference between (i) the amount of the Cost Proposal and (ii) 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 Cost Proposal Delivery Date). In the event that the amount of the Cost Proposal is greater than the amount of the Tenant Improvement Allowance, then, within ten (10) days of
request from Landlord following Landlord’s receipt of a payment request from Contractor, Tenant shall pay to Landlord a percentage of each amount requested by the Contractor or otherwise to be disbursed under this Work Letter, which percentage
shall be equal to the Over-Allowance Amount divided by the amount of the Cost Proposal. The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any 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 Cost Proposal Date, any revisions, changes, or substitutions shall be made to the
Construction Drawings or the Tenant Improvements, any additional costs which arise in connection with such revisions, changes or substitutions shall be added to the Cost Proposal and the Over-Allowance Amount
shall be recalculated and paid by Tenant as provided above in this Section 4.3.1. In the event that any such recalculation shall occur after Tenant has commenced payment of the Over-Allowance Amount, then the recalculation pursuant to the
immediately preceding sentence shall be retroactively applied and Tenant shall, within ten (10) business days, pay to Landlord any shortfall in Over-Allowance Amounts previously paid to Landlord. Following completion of the Tenant Improvements,
Landlord shall deliver to Tenant a final cost statement which shall indicate the final costs of the Tenant Improvement Allowance Items, and if such cost statement indicates that Tenant has underpaid or overpaid the Over-Allowance Amount, then within
ten (10) business days after receipt of such statement, Tenant shall deliver to Landlord the amount of such underpayment or Landlord shall return to Tenant the amount of such overpayment, as the case may be. 

  

 4.3.2 Landlord Supervision. After Landlord selects the Contractor, Landlord shall
independently retain Contractor to construct the Tenant Improvements in accordance with the Approved Working Drawings and the Cost Proposal and Landlord shall supervise the construction by Contractor, and Tenant shall pay a construction supervision
and management fee (the “Landlord Supervision Fee”) to Landlord in an amount equal to the product of (i) three percent (3%) and (ii) an amount equal to the Tenant Improvement Allowance plus the Over-Allowance Amount
(as such Over-Allowance Amount may increase pursuant to the terms of this Work Letter). Notwithstanding the foregoing, no Landlord Supervision Fee shall be charged by Landlord if and to the extent Legacy Partners CDS, Inc. is retained as Contractor
hereunder. 
 4.3.3 Contractor’s Warranties and Guarantees. Landlord hereby assigns to Tenant all warranties and guarantees by
Contractor relating to the Tenant Improvements, which assignment shall be on a non-exclusive basis such that the warranties and guarantees may be enforced by Landlord and/or Tenant, and Tenant hereby waives
all claims against Landlord relating to, or arising out of the construction of, the Tenant Improvements. 
 SECTION 5 

SUBSTANTIAL COMPLETION; LEASE COMMENCEMENT DATE 

5.1 Substantial Completion. For purposes of the Lease, including for purposes of determining the Lease Commencement Date (as set forth
in Section 7.2 of the Summary), the Premises shall be “Ready for Occupancy” upon Substantial Completion of the Premises. For purposes of the Lease, “Substantial Completion” of the Premises shall occur
upon the completion of construction of the Tenant Improvements in the Premises pursuant to the Approved Working Drawings, with the exception of any punchlist items and any tenant fixtures, work-stations, built-in furniture, or equipment to be
installed by Tenant or under the supervision of Contractor. 
 5.2 Tenant Delays. If there shall be a delay or there are delays in
the Substantial Completion of the Premises as a direct, indirect, partial, or total result of any of the following (collectively, “Tenant Delays”): 

5.2.1 Tenant’s failure to timely approve any matter requiring Tenant’s approval, including a Partial Cost Proposal or the Cost
Proposal and/or Tenant’s failure to timely perform any other obligation or act required of Tenant hereunder; 
 5.2.2 a material breach
by Tenant of the terms of this Work Letter or the Lease (including, without limitation, any anticipatory breach by Tenant described in Section 6.5 below); 

5.2.3 Tenant’s request for changes in the Construction Drawings; 

5.2.4 Tenant’s requirement for materials, components, finishes or improvements which are not available in a reasonable time (based upon
the anticipated date of the Lease Commencement Date) or which are different from, or not included in, the Specifications; 
 5.2.5 changes
to the Base, Shell and Core required by the Approved Working Drawings; 
 5.2.6 any changes in the Construction Drawings and/or the Tenant
Improvements required by (i) applicable laws if such changes are directly attributable to Tenant’s use of the Premises or Tenant’s specialized tenant improvement(s) (as determined by Landlord), and/or (ii) Landlord pursuant to
Section 4.2 above; or 
 5.2.7 any other acts or omissions of Tenant, or its agents, or employees; 

then, notwithstanding anything to the contrary set forth in the Lease and regardless of the actual date of the Substantial Completion of the Premises, the
Lease Commencement Date (as set forth in Section 7.2 of the Summary) shall be deemed to be the date the Lease Commencement Date would have occurred if no Tenant Delay or Delays, as set forth above, had occurred. 

SECTION 6 

MISCELLANEOUS 
 6.1
Tenant’s Entry Into the Premises Prior to Substantial Completion. Subject to the terms hereof and provided that Tenant and its agents do not interfere with, or delay, Contractor’s work in the Project, the Building and the
Premises, at Landlord’s reasonable discretion, Contractor shall allow Tenant access to the Premises from the date of the mutual execution of this Lease for purposes of measurements and planning and to install cabling prior to the installation
of the ceiling grid and tiles, and for the purpose of Tenant installing overstandard equipment or fixtures (including Tenant’s data and telephone equipment) in the Premises and Tenant shall have no obligation to pay Rent during such period.
Prior to Tenant’s entry into the Premises as permitted by the terms of this Section 6.1, Tenant shall submit a schedule to Landlord and Contractor, for their approval, which schedule shall detail the timing and purpose of
Tenant’s entry. In connection with any such entry, Tenant acknowledges and agrees that Tenant’s employees, agents, contractors, consultants, workmen, mechanics, suppliers and invitees shall fully cooperate, work in harmony and not, in any
manner, interfere with Landlord or Landlord’s Contractor, agents or representatives in performing work in the Project, the Building and the Premises, or interfere with the general operation of the Building and/or the Project. If at any time any
such person representing Tenant shall not be cooperative or shall otherwise cause or threaten to cause any such disharmony or interference, including, without limitation, labor disharmony, and Tenant fails to immediately institute and maintain
corrective actions as directed by Landlord, then 

  

 
Landlord may revoke Tenant’s entry rights upon twenty-four (24) hours’ prior written notice to Tenant. Tenant acknowledges and agrees that any such entry into and occupancy of the
Premises or any portion thereof by Tenant or any person or entity working for or on behalf of Tenant shall be deemed to be subject to all of the terms, covenants, conditions and provisions of the Lease, excluding only the covenant to pay Rent (until
the occurrence of the Lease Commencement Date). Tenant further acknowledges and agrees that Landlord shall not be liable for any injury, loss or damage which may occur to any of Tenant’s work made in or about the Premises in connection with
such entry or to any property placed therein prior to the Lease Commencement Date, the same being at Tenant’s sole risk and liability. Tenant shall be liable to Landlord for any damage to any portion of the Premises, including the Tenant
Improvement work, caused by Tenant or any of Tenant’s employees, agents, contractors, consultants, workmen, mechanics, suppliers and invitees. In the event that the performance of Tenant’s work in connection with such entry causes extra
costs to be incurred by Landlord or requires the use of any Building services, Tenant shall promptly reimburse Landlord for such extra costs and/or shall pay Landlord for such Building services at Landlord’s standard rates then in effect. In
addition, Tenant shall hold Landlord harmless from and indemnify, protect and defend Landlord against any loss or damage to the Building or Premises and against injury to any persons caused by Tenant’s actions pursuant to this
Section 6.1. 
 6.2 Tenant’s Representative. Tenant has designated Sonia Li with Starburst Consulting as its sole
representative with respect to the matters set forth in this Work Letter, who shall have full authority and responsibility to act on behalf of the Tenant as required in this Work Letter. 

6.3 Landlord’s Representative. Landlord has designated Andria Souza as its sole representative with respect to the matters set
forth in this 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 Work Letter. 

6.4 Time of the Essence in This Work Letter. Unless otherwise indicated, all references herein to a “number of days” shall
mean and refer to calendar days. In all instances where Tenant is required to approve or deliver an item, if no written notice of approval is given or the item is not delivered within the stated time period, at Landlord’s sole option, at the
end of said period the item shall automatically be deemed approved or delivered by Tenant and the next succeeding time period shall commence. 

6.5 Tenant’s Lease Default. Notwithstanding any provision to the contrary contained in the Lease, if an event of default by Tenant
as described in Section 19.1 of the Lease or any default by Tenant under this Work Letter (which, for purposes hereof, shall include, without limitation, the delivery by Tenant to Landlord of any oral or written notice instructing
Landlord to cease the design and/or construction of the Tenant Improvements and/or that Tenant does not intend to occupy the Premises, and/or any other anticipatory breach of the Lease) has occurred at any time on or before the Substantial
Completion of the Premises, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in equity, 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 Premises (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Premises caused by such work stoppage as set forth in
Section 5.2 of this Work Letter), and (ii) all other obligations of Landlord under the terms of this Work Letter shall be forgiven 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 Substantial Completion of the Premises caused by such inaction by Landlord). In addition, if the Lease is terminated prior to the Lease Commencement Date, for any reason due to a default by Tenant as
described in Section 19.1 of the Lease or under this Work Letter (including, without limitation, any anticipatory breach described above in this Section 6.5), then (A) Tenant shall be liable to Landlord for all damages
available to Landlord pursuant to the Lease and otherwise available to Landlord at law and/or in equity by reason of a default by Tenant under the Lease or this Work Letter (including, without limitation, the remedies available to Landlord pursuant
to California Civil Code Section 1951.2), and (B) Tenant shall pay to Landlord, as Additional Rent under the Lease, within five (5) days of receipt of a statement therefor, any and all costs incurred by Landlord (including any portion
of the Tenant Improvement Allowance disbursed by Landlord) and not reimbursed or otherwise paid by Tenant through the date of such termination in connection with the Tenant Improvements to the extent planned, installed and/or constructed as of such
date of termination, including, but not limited to, any costs related to the removal of all or any portion of the Tenant Improvements and restoration costs related thereto. For purposes of calculating the damages available to Landlord under
California Civil Code 1951.2, the Lease Commencement Date shall be deemed to be the date which the Lease Commencement Date would have otherwise occurred but for such default by Tenant. 

6.6 Independent Entities. The terms of this Work Letter shall not be deemed modified in any respect in the event Legacy Partners CDS,
Inc. is retained as Contractor, it being understood and agreed that Landlord and Contractor, regardless of the identity of Contractor, shall at all times remain separate and independent entities and the knowledge and actions of one shall not be
imputed to the other. 
 6.7 Removal. Notwithstanding anything contained to the contrary in the Lease or this Work Letter, Tenant
shall not be required to remove or restore any of the Tenant Improvements constructed pursuant to this Exhibit B other than any internal stairways (unless Landlord advises Tenant in writing within thirty (30) days of the expiration of
the Term that any such stairwell may remain in place); provided, however, Tenant shall not be required to expend more than $35,000 in removing each internal stairway. 

  

 EXHIBIT C 

AMENDMENT TO LEASE 

This AMENDMENT TO LEASE (“Amendment”) is made and entered into effective as of
            , 2014, by and between RIVERPARK TOWER II, LLC, a Delaware limited liability company (“Landlord”) and XACTLY CORPORATION, a Delaware corporation
(“Tenant”). 
 R E C I T A L S : 

A. Landlord and Tenant entered into that certain Office Lease dated as of August     , 2014 (the
“Lease”), pursuant to which Landlord leased to Tenant and Tenant leased from Landlord certain “Premises”, as described in the Lease, in that certain Building located at 300 Park Avenue, San Jose, California 95110. 

B. Except as otherwise set forth herein, all capitalized terms used in this Amendment shall have the same meaning as such terms have in the
Lease. 
 C. Landlord and Tenant desire to amend the Lease to confirm the Lease Commencement Date and Lease Expiration Date of the Lease
Term, as hereinafter provided. 
 NOW, THEREFORE, in consideration of the foregoing Recitals and the mutual covenants contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Confirmation of Dates. The parties hereby confirm that (a) the Premises are Ready for Occupancy, and (b) the Lease
Term commenced as of                      (the “Lease Commencement Date”) for a term of
                     ending on
                     (the “Lease Expiration Date”) (unless sooner terminated as provided in the Lease). 

2. No Further Modification. Except as set forth in this Amendment, all of the terms and provisions of the Lease shall remain unmodified
and in full force and effect. 
 IN WITNESS WHEREOF, this Amendment to Lease has been executed as of the day and year first above
written. 
  

							
	“Landlord”:
	
	 RIVERPARK TOWER II, LLC,
 a
Delaware limited liability company

		
	By:		Legacy Partners Commercial, L.P.,
			a California limited partnership
			As Manager and Agent for Owner
			
			By:		Legacy Partners Commercial, Inc.,
					General Partner
				
					By:		DO NOT SIGN
							Hanna Eyal
					Its:		Senior Vice President
							DRE #01178811
							BL DRE #01464134
	
	“Tenant”:
	
	 XACTLY CORPORATION,
 a
Delaware corporation

		
	By:		DO NOT SIGN
			Name:		  

			Its:		  

		
	By:		DO NOT SIGN
			Name:		  

			Its:		  

  

 EXHIBIT D 

RULES AND REGULATIONS 

Tenant shall faithfully observe and comply with the following Rules and Regulations. Landlord shall not be responsible to Tenant for the
nonperformance of any of said Rules and Regulations by or otherwise with respect to the acts or omissions of any other tenants or occupants of the Building or Real Property. In the event the Rules and Regulations are inconsistent with an express
term of the Lease, the term of the Lease shall control. 
 1. Tenant shall not place any lock(s) on any door, or install any security system
(including, without limitation, card key systems, alarms or security cameras), in the Premises or Building without Landlord’s prior written consent, which consent shall not be unreasonably withheld, and Landlord shall have the right to retain
at all times and to use keys or other access codes or devices to all locks and/or security system within and into the Premises. A reasonable number of keys to the locks on the entry doors in the Premises shall be furnished by Landlord to Tenant at
Tenant’s cost, and Tenant shall not make any duplicate keys. All keys shall be returned to Landlord at the expiration or early termination of this Lease. Further, if and to the extent Tenant re-keys, re-programs or otherwise changes any locks
at the Project, Tenant shall be obligated to restore all such locks and key systems to be consistent with the master lock and key system at the Building, all at Tenant’s sole cost and expense. 

2. All doors opening to public corridors shall be kept closed at all times except for normal ingress and egress to the Premises, unless
electrical hold backs have been installed. Sidewalks, doorways, vestibules, halls, stairways and other similar areas shall not be obstructed by Tenant or used by Tenant for any purpose other than ingress and egress to and from the Premises 

3. Landlord reserves the right to close and keep locked all entrance and exit doors of the Building during such hours as are customary for
comparable buildings in the vicinity of the Building. Tenant, its employees and agents must be sure that the doors to the Building are securely closed and locked when leaving the Premises if it is after the normal hours of business for the Building.
Any tenant, its employees, agents or any other persons entering or leaving the Building at any time when it is so locked, or any time when it is considered to be after normal business hours for the Building, may be required to sign the Building
register when so doing. After-hours access by Tenant’s authorized employees may be provided by hard-key, card-key access or other procedures adopted by Landlord from time to time; Tenant shall pay for the costs of all access cards provided to
Tenant’s employees and all replacements thereof for lost, stolen or damaged cards. Access to the Building and/or Real Property may be refused unless the person seeking access has proper identification or has a previously arranged pass for such
access. Landlord and its agents shall in no case be liable for damages for any error with regard to the admission to or exclusion from the Building and/or Real Property of any person. In case of invasion, mob, riot, public excitement, or other
commotion, Landlord reserves the right to prevent access to the Building and/or Real Property during the continuance of same by any means it deems appropriate for the safety and protection of life and property. 

4. Landlord shall have the right to prescribe the weight, size and position of all safes and other heavy property brought into the Building.
Safes and other heavy objects shall, if considered necessary by Landlord, stand on supports of such thickness as is necessary to properly distribute the weight. Landlord will not be responsible for loss of or damage to any such safe or property in
any case. All damage done to any part of the Building, its contents, occupants or visitors by moving or maintaining any such safe or other property shall be the sole responsibility of Tenant and any expense of said damage or injury shall be borne by
Tenant. 
 5. No furniture, freight, packages, supplies, equipment or merchandise will be brought into or removed from the Building or
carried up or down in the elevators, except upon prior notice to Landlord, and in such manner, in such specific elevator, and between such hours as shall be designated by Landlord. Tenant shall provide Landlord with not less than 24 hours prior
notice of the need to utilize an elevator for any such purpose, so as to provide Landlord with a reasonable period to schedule such use and to install such padding or take such other actions or prescribe such procedures as are appropriate to protect
against damage to the elevators or other parts of the Building. Tenant shall assume all risk for damage to articles moved and injury to any persons resulting from the activity. If equipment, property, or personnel of Landlord or of any other party
is damaged or injured as a result of or in connection with the activity, Tenant shall be solely liable for any resulting damage or loss. 

6. Landlord shall have the right to control and operate the public portions of the Building and Real Property, the public facilities, the
heating and air conditioning, and any other facilities furnished for the common use of tenants, in such manner as is customary for comparable buildings in the vicinity of the Building. 

7. No signs, advertisements or notices shall be painted or affixed to windows, doors or other parts of the Building, except those of such
color, size, style and in such places as are first approved in writing by Landlord. All tenant identification and suite numbers at the entrance to the Premises shall be installed by Landlord, at Tenant’s cost and expense, using the standard
graphics for the Building. Landlord may provide and maintain in the first floor (main lobby) of the Building an alphabetical directory board or other directory device listing tenants, and no other directory shall be permitted unless previously
consented to by Landlord in writing. 
 8. The requirements of Tenant will be attended to only upon application at the management office of
the Real Property or at such office location designated by Landlord. 
 9. Tenant shall not disturb, solicit, or canvass any occupant of the
Building or Real Property and shall cooperate with Landlord or Landlord’s agents to prevent same. 

  

 10. The toilet rooms, urinals, wash bowls and other apparatus shall not be used for any purpose
other than that for which they were constructed, and no foreign substance of any kind whatsoever shall be thrown therein. The expense of any breakage, stoppage or damage resulting from the violation of this rule shall be borne by the tenant who, or
whose employees or agents, shall have caused it. 
 11. Tenant shall not overload the floor of the Premises. Tenant shall not mark, drive
nails or screws, or drill into the partitions, woodwork or plaster or in any way deface the Premises or any part thereof without Landlord’s consent first had and obtained; provided, however, Landlord’s prior consent shall not be required
with respect to Tenant’s placement of pictures and other normal office wall hangings on the interior walls of the Premises (but at the end of the Lease Term, Tenant shall repair any holes and other damage to the Premises resulting therefrom).

 12. Except for vending machines intended for the sole use of Tenant’s employees and invitees, no vending machine or machines of any
description other than fractional horsepower office machines shall be installed, maintained or operated upon the Premises without the written consent of Landlord. Tenant shall not install, operate or maintain in the Premises or in any other area of
the Building, electrical equipment that would overload the electrical system beyond its capacity for proper, efficient and safe operation as determined solely by Landlord. 

13. Tenant shall not use any method of heating or air conditioning other than that which may be supplied by Landlord, without the prior
written consent of Landlord. Tenant shall not furnish cooling or heating to the Premises, including, without limitation, the use of electronic or gas heating devices, portable coolers (such as “move n cools”) or space heaters, without
Landlord’s prior written consent, and any such approval will be for devices that meet federal, state and local code. 
 14. No
inflammable, explosive or dangerous fluids or substances shall be used or kept by Tenant in the Premises, Building or about the Real Property, except for those substances as are typically found in similar premises used for general office purposes
and are being used by Tenant in a safe manner and in accordance with all applicable Laws, rules and regulations. Tenant shall not, without Landlord’s prior written consent, use, store, install, spill, remove, release or dispose of, within or
about the Premises or any other portion of the Real Property, any asbestos-containing materials or any solid, liquid or gaseous material now or subsequently considered toxic or hazardous under the provisions of 42 U.S.C. Section 9601 et seq. or
any other applicable environmental Laws which may now or later be in effect. Tenant shall comply with all Laws pertaining to and governing the use of these materials by Tenant, and shall remain solely liable for the costs of abatement and removal.

 15. Tenant shall not use, keep or permit to be used or kept, any foul or noxious gas or substance in or on the Premises, or permit or
allow the Premises to be occupied or used in a manner offensive or objectionable to Landlord or other occupants of the Building or Real Property by reason of noise, odors, or vibrations, or interfere in any way with other tenants or those having
business therewith. 
 16. Tenant shall not bring into or keep within the Real Property, the Building or the Premises any animals (except
those assisting handicapped persons), birds, fish tanks, bicycles or other vehicles. 
 17. Tenant shall not use or occupy the Premises in
any manner or for any purpose which might injure the reputation or impair the present or future value of the Premises or the Building. Tenant shall not use, or permit any part of the Premises to be used, for lodging, sleeping or for any illegal
purpose. 
 18. No cooking shall be done or permitted by Tenant on the Premises, nor shall the Premises be used for the storage of
merchandise, for lodging or for any improper, objectionable or immoral purposes. Notwithstanding the foregoing, Underwriters’ laboratory-approved equipment and microwave ovens (and, if approved by Landlord and constructed pursuant to Article 8
and/or Exhibit B to the Lease, a stove and oven) may be used in the Premises for heating food and brewing coffee, tea, hot chocolate and similar beverages, provided that such use is in accordance with all applicable federal, state and city
laws, codes, ordinances, rules and regulations, and does not cause odors which are objectionable to Landlord and other tenants. 
 19.
Landlord will approve where and how telephone and telegraph wires and other cabling are to be introduced to the Premises. No boring or cutting for wires shall be allowed without the consent of Landlord which consent shall not be unreasonably
withheld. The location of telephone, call boxes and other office equipment and/or systems affixed to the Premises shall be subject to the reasonable approval of Landlord. Tenant shall not use more than its proportionate share of telephone lines and
other telecommunication facilities available to service the Building. 
 20. Landlord reserves the right to exclude or expel from the
Building and/or Real Property any person who, in the judgment of Landlord, is intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of these Rules and Regulations or cause harm to Building
occupants and/or property. 
 21. All contractors, contractor’s representatives and installation technicians performing work in the
Building shall be subject to Landlord’s prior approval, which approval shall not be unreasonably withheld, and shall be required to comply with Landlord’s standard rules, regulations, policies and procedures, which may be revised from time
to time. 
 22. Tenant, its employees and agents shall not loiter in the entrances or corridors, nor in any way obstruct the sidewalks,
lobby, halls, stairways or elevators, and shall use the same only as a means of ingress and egress for the Premises. 

  

 23. Tenant at all times shall maintain the entire Premises in a neat and clean, first class
condition, free of debris. Tenant shall not place items, including, without limitation, any boxes, files, trash receptacles or loose cabling or wiring, in or near any window to the Premises which would be visible anywhere from the exterior of the
Premises. 
 24. Tenant shall not waste electricity, water or air conditioning and agrees to reasonably cooperate with Landlord to ensure
the most effective operation of the Building’s heating and air conditioning system, including, without limitation, the use of window blinds to block solar heat load, and shall refrain from attempting to adjust any controls. Tenant shall comply
with and participate in any program for metering or otherwise measuring the use of utilities and services, including, without limitation, programs requiring the disclosure or reporting of the use of any utilities or services. Tenant shall also
cooperate and comply with, participate in, and assist in the implementation of (and take no action that is inconsistent with, or which would result in Landlord, the Building and/or the Real Property failing to comply with the requirements of) any
conservation, sustainability, recycling, energy efficiency, and waste reduction programs, environmental protection efforts and/or other programs that are in place and/or implemented from time to time at the Building and/or the Real Property,
including, without limitation, any required reporting, disclosure, rating or compliance system or program (including, but not limited to any LEED ([Leadership in Energy and Environmental Design] rating or compliance system, including those currently
coordinated through the U.S. Green Building Council). 
 25. Tenant shall store all its recyclables, trash and garbage within the interior
of the Premises. No material shall be placed in the trash boxes or receptacles if such material is of such nature that it may not be disposed of in the ordinary and customary manner of removing and disposing of recyclables, trash and garbage in the
city in which the Real Property is located without violation of any law or ordinance governing such disposal. All trash, garbage and refuse disposal shall be made only through entry-ways and elevators provided for such purposes at such times as
Landlord shall designate. 
 26. Tenant shall comply with all safety, fire protection and evacuation procedures and regulations established
by Landlord or any governmental agency. 
 27. Tenant shall assume any and all responsibility for protecting the Premises from theft,
robbery and pilferage, which includes keeping doors locked and other means of entry to the Premises closed, when the Premises are not occupied, or when the Premises’ entry is not manned by Tenant on a regular basis. 

28. No awnings or other projection shall be attached to the outside walls of the Building without the prior written consent of Landlord. No
curtains, blinds, shades or screens shall be attached to or hung in, or used in connection with, any window or door of the Premises without the prior written consent of Landlord. The sashes, sash doors, skylights, windows, and doors that reflect or
admit light and air into the halls, passageways or other public places in the Building shall not be covered or obstructed by Tenant, nor shall any bottles, parcels or other articles be placed on the windowsills. All electrical ceiling fixtures hung
in offices or spaces along the perimeter of the Building must be fluorescent and/or of a quality, type, design and bulb color approved by Landlord. 

29. The washing and/or detailing of or, the installation of windshields, radios, telephones in or general work on, automobiles shall not be
allowed on the Real Property, except under specific arrangement with Landlord. 
 30. Food vendors shall be allowed in the Building upon
receipt of a written request from the Tenant. The food vendor shall service only the tenants that have a written request on file in the management office of the Real Property. Under no circumstance shall the food vendor display their products in a
public or common area including corridors and elevator lobbies. Any failure to comply with this rule shall result in immediate permanent withdrawal of the vendor from the Building. Tenants shall obtain ice, drinking water, linen, barbering, shoe
polishing, floor polishing, cleaning, janitorial, plant care or other similar services only from vendors who have registered with the Building office and who have been approved by Landlord for provision of such services in the Premises. 

31. Tenant must comply with requests by the Landlord concerning the informing of their employees of items of importance to the Landlord. 

32. Tenant shall comply with any non-smoking ordinance adopted by any applicable governmental authority. Neither Tenant nor its agents,
employees, contractors, guests or invitees shall smoke or permit smoking in the common areas, unless the common areas have been declared a designated smoking area by Landlord, nor shall the above parties allow smoke from the Premises to emanate into
the common areas or any other part of the Building. Landlord shall have the right to designate the Building (including the Premises) as a non-smoking building. 

33. Tenant shall not take any action which would violate Landlord’s labor contracts or which would cause a work stoppage, picketing,
labor disruption or dispute, or interfere with Landlord’s or any other tenant’s or occupant’s business or with the rights and privileges of any person lawfully in the Building (“Labor Disruption”). Tenant shall take
the actions necessary to resolve the Labor Disruption, and shall have pickets removed and, at the request of Landlord, immediately terminate any work in the Premises that gave rise to the Labor Disruption, until Landlord gives its written consent
for the work to resume. Tenant shall have no claim for damages against Landlord or and its trustees, members, principals, beneficiaries, partners, officers, directors, employees, Mortgagees, or agents. 

34. No tents, shacks, temporary or permanent structures of any kind shall be allowed on the Real Property. No personal belongings may be left
unattended in any common areas. 

  

 35. Landlord shall have the right to prohibit the use of the name of the Building or any other
publicity by Tenant that in Landlord’s sole opinion may impair the reputation of the Building or its desirability. Upon written notice from Landlord, Tenant shall refrain from and discontinue such publicity immediately. 

36. Landlord shall have the right to designate and approve standard window coverings for the Premises and to establish rules to assure that
the Building presents a uniform exterior appearance. Tenant shall ensure, to the extent reasonably practicable, that window coverings are closed on windows in the Premises while they are exposed to the direct rays of the sun. 

37. The work of cleaning personnel shall not be hindered by Tenant after 5:30 P.M., and cleaning work may be done at any time when the offices
are vacant. Windows, doors and fixtures may be cleaned at any time. Tenant shall provide adequate waste and rubbish receptacles to prevent unreasonable hardship to the cleaning service. 

PARKING RULES AND REGULATIONS 

(i) Landlord reserves the right to establish and reasonably change the hours for the parking areas, on a non-discriminatory basis, from time
to time. Tenant shall not store or permit its employees to store any automobiles in the parking areas without the prior written consent of the operator. Except for emergency repairs, Tenant and its employees shall not perform any work on any
automobiles while located in the parking areas, or on the Real Property. The Parking Facilities may not be used by Tenant or its agents for overnight parking of vehicles. If it is necessary for Tenant or its employees to leave an automobile in the
Parking Facilities overnight, Tenant shall provide the operator with prior notice thereof designating the license plate number and model of such automobile. 

(ii) Tenant (including Tenant’s agents) will use the parking spaces solely for the purpose of parking passenger model cars, small vans
and small trucks and will comply in all respects with any rules and regulations that may be promulgated by Landlord from time to time with respect to the Parking Facilities. 

(iii) Cars must be parked entirely within the stall lines painted on the floor, and only small cars may be parked in areas reserved for small
cars. 
 (iv) All directional signs and arrows must be observed. 

(v) The speed limit shall be 5 miles per hour. 

(vi) Parking spaces reserved for handicapped persons must be used only by vehicles properly designated. 

(vii) Parking is prohibited in all areas not expressly designated for parking, including without limitation: 

 

	 	(a)	areas not striped for parking 

  

	 	(b)	aisles 

  

	 	(c)	where “no parking” signs are posted 

  

	 	(d)	ramps 

  

	 	(e)	loading zones 

 (viii) Parking stickers, key cards or any other devices or forms of
identification or entry supplied by the operator shall remain the property of the operator. Such device must be displayed as requested and may not be mutilated in any manner. The serial number of the parking identification device may not be
obliterated. Parking passes and devices are not transferable and any pass or device in the possession of an unauthorized holder will be void. 

(ix) Parking managers or attendants are not authorized to make or allow any exceptions to these Rules. 

(x) Every parker is required to park and lock his/her own car. 

(xi) Loss or theft of parking pass, identification, key cards or other such devices must be reported to Landlord and to the parking manager
immediately. Any parking devices reported lost or stolen found on any authorized car will be confiscated and the illegal holder will be subject to prosecution. Lost or stolen passes and devices found by Tenant or its employees must be reported to
the office of the parking manager immediately. 
 (xii) Washing, waxing, cleaning or servicing of any vehicle by the customer and/or his
agents is prohibited. Parking spaces may be used only for parking automobiles. 
 (xiii) Tenant agrees to acquaint all persons to whom
Tenant assigns a parking space with these Rules. 
 (xiv) Neither Landlord nor any operator of the Parking Facilities within the Project, as
the same are designated and modified by Landlord, in its sole discretion, from time to time will be liable for loss of or damage to any vehicle or any contents of such vehicle or accessories to any such vehicle, or any property left in any of the
Parking Facilities, resulting from fire, theft, vandalism, accident, conduct of other users of the Parking Facilities and other persons, or any other casualty or cause. Further, Tenant understands and agrees that: (i) Landlord will not be
obligated to provide any traffic control, security protection or operator for the Parking Facilities; (ii) Tenant uses the Parking Facilities at its own risk; and (iii) Landlord will not be liable for personal injury or death, or theft,
loss of or damage to property. Tenant indemnifies and agrees to hold Landlord, any operator of the Parking Facilities and their respective agents harmless from and against any and all claims, demands, and actions arising out of the use of the
Parking Facilities by Tenant and its agents, whether brought by any of such persons or any other person. 

  

 (xv) Tenant will ensure that any vehicle parked in any of the parking spaces will be kept in
proper repair and will not leak excessive amounts of oil or grease or any amount of gasoline. If any of the parking spaces are at any time used: (i) for any purpose other than parking as provided above; (ii) in any way or manner reasonably
objectionable to Landlord; or (iii) by Tenant after default by Tenant under the Lease, Landlord, in addition to any other rights otherwise available to Landlord, may consider such default an event of default under the Lease. 

(xvi) Tenant’s right to use the Parking Facilities will be in common with other tenants of the Project and with other parties permitted
by Landlord to use the Parking Facilities. Landlord reserves the right to assign and reassign, from time to time, particular parking spaces for use by persons selected by Landlord, provided that Tenant’s rights under the Lease are preserved.
Landlord will not be liable to Tenant for any unavailability of Tenant’s designated spaces, if any, nor will any unavailability entitle Tenant to any refund, deduction, or allowance. Tenant will not park in any numbered space or any space
designated as: RESERVED, HANDICAPPED, VISITORS ONLY, or LIMITED TIME PARKING (or similar designation). 
 (xvii) If the Parking Facilities
are damaged or destroyed, or if the use of the Parking Facilities is limited or prohibited by any governmental authority, or the use or operation of the Parking Facilities is limited or prevented by strikes or other labor difficulties or other
causes beyond Landlord’s control, Tenant’s inability to use the parking spaces will not subject Landlord or any operator of the Parking Facilities to any liability to Tenant and will not relieve Tenant of any of its obligations under the
Lease and the Lease will remain in full force and effect. Tenant will pay to Landlord upon demand, and Tenant indemnifies Landlord against, any and all loss or damage to the Parking Facilities, or any equipment, fixtures, or signs used in connection
with the Parking Facilities and any adjoining buildings or structures caused by Tenant or any of its agents. 
 (xviii) Tenant has no right
to assign or sublicense any of its rights in the parking passes, except as part of a permitted assignment or sublease of the Lease; however, Tenant may allocate the parking passes among its employees. 

(xix) Tenant shall be responsible for the observance of all of the foregoing rules by Tenant’s employees, agents, clients, customers,
invitees or guests. Landlord may waive any one or more of these Rules and Regulations for the benefit of any particular tenant or tenants, but no such waiver by Landlord shall be construed as a waiver of such Rules and Regulations in favor of any
other tenant or tenants, nor prevent Landlord from thereafter enforcing any such Rules or Regulations against any or all tenants of the Building and/or Real Property. Landlord reserves the right at any time to change or rescind any one or more of
these Rules and Regulations, or to make such other and further reasonable Rules and Regulations as in Landlord’s judgment may from time to time be necessary for the management, safety, care and cleanliness of the Premises, Building and Real
Property, and for the preservation of good order therein, as well as for the convenience of other occupants and tenants therein. Landlord shall not be responsible to Tenant or to any other person for the nonobservance of the Rules and Regulations by
another tenant or other person. Tenant shall be deemed to have read these Rules and Regulations and to have agreed to abide by them as a condition of its occupancy of the Premises. 

  

 RIDER 1 

EXTENSION OPTION 

This Rider 1 (the “Rider”) is incorporated as a part of that certain Office Lease dated August
    , 2014, (the “Lease”), by and between RIVERPARK TOWER II, LLC, a Delaware limited liability company (“Landlord”), and XACTLY CORPORATION, a Delaware corporation (“Tenant”),
for the leasing of those certain premises located at 300 Park Avenue, Suites 1500, 1600 and 1700, San Jose, California, as more particularly described in the Lease (the “Premises”). Any capitalized terms used herein and not
otherwise defined herein shall have the meaning ascribed to such terms as set forth in the Lease. 
 1. Grant of Extension
Option. Subject to the provisions, limitations and conditions set forth in this Rider, Tenant shall have one (1) option (the “Extension Option”) to extend the initial Lease Term for five (5) years (the
“Extension Term”). 
 2. Tenant’s Extension Option Notice. Tenant shall have the right to deliver
written notice to Landlord of its intent to exercise this Extension Option (the “Extension Option Notice”). If Landlord does not receive the Extension Option Notice from Tenant on a date which is no earlier than fifteen
(15) months and no less than twelve (12) months prior to the expiration of the initial Lease Term, all rights under this Extension Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of
this Extension Option, subject to the provisions, limitations and conditions set forth in this Rider, the Lease Term shall be extended for the Extension Term. 

3. Establishing the Initial Base Rent for the Extension Term. The initial Base Rent for the Extension Term shall be equal to the
then Fair Market Rental Rate, as hereinafter defined. As used herein, the “Fair Market Rental Rate” payable by Tenant for the Extension Term shall mean the Base Rent for the highest and best use for comparable space at which
non-equity tenants, as of the commencement of the lease term for the Extension Term, will be leasing non-sublease, non-equity, unencumbered space comparable in size, location and quality to the Premises for a comparable term, which comparable space
is located in the Building and in other comparable first-class buildings in the downtown San Jose market area, taking into consideration all out-of-pocket concessions generally being granted at such time for such comparable space, including the
condition and value of existing tenant improvements in the Premises. The Fair Market Rental Rate shall include the periodic rental increases that would be included for space leased for the period of the Extension Term. 

If Landlord and Tenant are unable to agree on the Fair Market Rental Rate for the Extension Term within ten (10) days of receipt by
Landlord of the Extension Option Notice for the Extension Term, Landlord and Tenant each, at its cost and by giving notice to the other party, shall appoint a competent and impartial commercial real estate broker (hereinafter
“broker”) with at least ten (10) years’ full-time commercial real estate brokerage experience in the geographical area of the Premises to set the Fair Market Rental Rate for the space and term at issue. If either Landlord
or Tenant does not appoint a broker within ten (10) days after the other party has given notice of the name of its broker, the single broker appointed shall be the sole broker and shall conclusively determine the Fair Market Rental Rate for the
Extension Term. If two (2) brokers are appointed by Landlord and Tenant as stated in this paragraph, they shall meet promptly and attempt to set the Fair Market Rental Rate. In addition, if either of the first two (2) brokers fails to
submit their opinion of the Fair Market Rental Rate within the time frames set forth below, then the single Fair Market Rental Rate submitted shall automatically be the initial monthly Base Rent for the Extension Term and shall be binding upon
Landlord and Tenant. If the two (2) brokers are unable to agree within ten (10) days after the second broker has been appointed, they shall attempt to select a third broker, meeting the qualifications stated in this paragraph within ten
(10) days after the last day the two (2) brokers are given to set the Fair Market Rental Rate. If the two (2) brokers are unable to agree on the third broker, either Landlord or Tenant by giving ten (10) days’ written notice
to the other party, can apply to the Presiding Judge of the Superior Court of the county in which the Premises is located for the selection of a third broker who meets the qualifications stated in this paragraph. Landlord and Tenant each shall bear
one-half ( 1⁄2) of the cost of appointing the third broker and of paying the third broker’s fee. The third broker, however selected, shall be a person who
has not previously acted in any capacity for either Landlord or Tenant. Within fifteen (15) days after the selection of the third broker, the third broker shall select one of the two Fair Market Rental Rates submitted by the first two brokers
as the Fair Market Rental Rate for the space and term at issue. The determination of the Fair Market Rental Rate by the third broker shall be conclusive and binding upon Landlord and Tenant. 

In no event shall the monthly Base Rent for any period of the Extension Term as determined pursuant to this Rider, be less than the highest
monthly Base Rent charged during the initial term of the Lease plus an escalation amount equal to the last escalation amount of Base Rent charged during the preceding term of the Lease. Upon determination of the initial monthly Base Rent for the
Extension Term in accordance with the terms outlined above, Landlord and Tenant shall immediately execute, an amendment to the Lease. Such amendment, shall set forth among other things, the initial monthly Base Rent for the Extension Term and the
actual commencement date and expiration date of the Extension Term. Tenant shall have no other right to extend the Lease Term under this Rider unless Landlord and Tenant otherwise agree in writing. 

4. Condition of Premises for the Extension Term. If Tenant timely and properly exercises this Extension Option, in strict
accordance with the terms contained herein Tenant shall accept the Premises in its then “AS-IS” condition and, accordingly, Landlord shall not be required to perform any additional improvements to the Premises. 

  

 5. Limitations On, and Conditions To, Extension Option. This Extension Option is
personal to Tenant and may not be assigned, voluntarily or involuntarily (other than to a Permitted Transferee), separate from or as part of the Lease. At Landlord’s option, all rights of Tenant under this Extension Option shall terminate and
be of no force or effect if any of the following individual events occur or any combination thereof occur: (1) Tenant has been in monetary default beyond any applicable cure period at any time during the Lease Term, or is in default beyond any
applicable cure period of any provision of the Lease on the date Landlord receives the Extension Option Notice; and/or (2) Tenant has assigned its rights and obligations under all or part of the Lease or Tenant has subleased one entire floor of
the Premises or more in a transfer (other than to a Permitted Transferee); and/or (3) Tenant’s financial condition is materially worse at the time it delivers an Extension Option Notice to Landlord than on the date of this Lease; and/or
(4) Landlord’s lender disapproves the Extension Option terms; and/or (5) Tenant has failed to exercise properly this Extension Option in a timely manner in strict accordance with the provisions of this Rider; and/or (6) Tenant no
longer has possession of the entire Premises pursuant to the Lease, or if the Lease has been terminated earlier, pursuant to the terms and provisions of the Lease. 

6. Time is of the Essence. Time is of the essence with respect to each and every time period described in this Rider. 

  

 RIDER 2 

RIGHT OF FIRST REFUSAL 

This Rider 2 (“Rider 2”) is incorporated as a part of that certain Office Lease dated August     ,
2014, (the “Lease”), by and between RIVERPARK TOWER II, LLC, a Delaware limited liability company (“Landlord”), and XACTLY CORPORATION, a Delaware corporation (“Tenant”), for the leasing of those
certain premises located at 300 Park Avenue, Suites 1500, 1600 and 1700, San Jose, California, as more particularly described in the Lease (the “Premises”). Any capitalized terms used herein and not otherwise defined herein shall
have the meaning ascribed to such terms as set forth in the Lease. 
 1. Right of First Refusal. During the first (1st) thirty-six (36) months of the initial Lease Term only, Tenant shall have a one-time right of first refusal (“First Refusal Right”) to lease the entire fourteenth (14th) floor of the Building (the “First Refusal Space”), which may become available for lease as provided hereinbelow as determined by Landlord. For purposes hereof, any First
Refusal Space shall become available for lease to Tenant upon receipt by Landlord of a bona fide letter of intent approved by Landlord to lease all or any portion of the First Refusal Space (“Lease Proposal”). Notwithstanding
anything herein to the contrary, Tenant’s First Refusal Right set forth herein shall be subject and subordinate to all expansion, first refusal and similar rights currently set forth in any lease which has been executed as of the date of
execution of this Lease, as such leases may be modified, amended or extended (collectively, the “Superior Rights”). 
 2. Terms and
Conditions. Upon receipt by Landlord of a Lease Proposal for the fourteenth (14th) floor of the Building, Landlord shall give Tenant written notice (the “First Refusal
Notice”) that such First Refusal Space will or has become available for lease by Tenant as provided above (as such availability is determined by Landlord) pursuant to the terms of Tenant’s First Refusal Right, as set forth in this
Rider 2, provided that no holder of Superior Rights desires to lease all or any portion of the First Refusal Space. Any such Landlord’s First Refusal Notice delivered by Landlord in accordance with the provisions above shall set forth the terms
upon which Landlord would lease the First Refusal Space to Tenant, including, without limitation (i) the anticipated date upon which the First Refusal Space will be available for lease by Tenant and the commencement date therefor, (ii) the
Base Rent payable for the First Refusal Space, and (iii) any tenant improvement allowance for such First Refusal Space, and shall also include a copy of the material terms of the Lease Proposal. As of the commencement of the First Refusal Space
term, Landlord shall deliver to Tenant possession of the First Refusal Space in its then existing condition and state of repair, “AS IS”, without any obligation of Landlord to remodel, improve or alter the First Refusal Space, to perform
any other construction or work of improvement upon the First Refusal Space, or to provide Tenant with any construction or refurbishment allowance, except as otherwise set forth in the Lease Proposal. Tenant acknowledges that no representations or
warranties of any kind, express or implied, respecting the condition of the First Refusal Space, Building, or Project have been made by Landlord or any agent of Landlord to Tenant, except as expressly set forth herein. Tenant further acknowledges
that neither Landlord nor any of Landlord’s agents, representatives or employees have made any representations as to the suitability or fitness of the First Refusal Space for the conduct of Tenant’s business, or for any other purpose. Any
exception to the foregoing provisions must be made by express written agreement signed by both parties. In the event Tenant timely and properly exercises its First Refusal Right pursuant to the terms of this Rider 2, Landlord hereby agrees that any
improvement allowance that was contained in the Lease Proposal may be utilized by Tenant toward the costs of installing an internal stairway connecting the First Refusal Space to the Premises and, in the event the Lease Proposal contained no
improvement allowance, then, subject to the terms of Article 8 of this Lease, Landlord agrees that Tenant may install an internal stairway connecting the First Refusal Space to the Premises at Tenant’s sole cost and expense. 

3. Procedure for Acceptance. On or before the date which is three (3) business days after Tenant’s receipt of
Landlord’s First Refusal Notice (the “Election Date”), Tenant shall deliver written notice to Landlord (“Tenant’s Election Notice”) pursuant to which Tenant shall have the one-time right to elect either
to: (i) lease the entire First Refusal Space described in the First Refusal Notice upon the terms set forth in the First Refusal Notice; or (ii) refuse to lease such First Refusal Space identified in the First Refusal Notice. If Tenant
does not respond in writing to Landlord’s First Refusal Notice by the Election Date or wishes to modify the terms set forth in the First Refusal Notice, Tenant shall be deemed to have elected not to lease the First Refusal Space. If Tenant
elects or is deemed to have elected not to lease the First Refusal Space, then Tenant’s First Refusal Right set forth in this Rider 2 shall terminate and Landlord shall thereafter have the right to lease all or any portion of such First Refusal
Space to anyone to whom Landlord desires on any terms Landlord desires. 
 4. Lease of First Refusal Space. If Tenant timely
exercises this First Refusal Right as set forth herein, Tenant shall provide Landlord a non-refundable deposit, equivalent to the last one (1) month’s Base Rent and Operating Expenses for the First Refusal Space and the parties shall have
ten (10) business days after Landlord receives Tenant’s Election Notice and deposit from Tenant in which to execute an amendment to the Lease adding such First Refusal Space to the Premises on all of the terms and conditions as applicable
to the initial Premises, as modified to reflect the terms and conditions as set forth in Landlord’s First Refusal Notice. Upon full execution of an amendment for the First Refusal Space, the non-refundable deposit shall be credited toward the
security deposit for the First Refusal Space, as agreed between the parties. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its First Refusal Right provided herein, if at all, with respect to all of the
space refused by Landlord to Tenant in Landlord’s First Refusal Notice at any particular time, and Tenant may not elect to lease only a portion thereof. 

  

 5. Limitations on, and Conditions to, First Refusal Right. Notwithstanding anything
in the foregoing to the contrary, at Landlord’s option, and in addition to all of Landlord’s remedies under this Lease, at law or in equity, the First Refusal Right hereinabove granted to Tenant shall not be deemed to be properly exercised
if any of the following individual events occur or any combination thereof occur: (i) at any time Tenant is, or has been, in default beyond any applicable notice and cure period of the performance of any of the covenants, conditions or
agreements to be performed under this Lease; and/or (ii) on the scheduled commencement date for Tenant’s lease of the First Refusal Space, Tenant is in default beyond any applicable notice and cure period under this Lease; and/or
(iii) Tenant has assigned its rights and obligations under all or part of the Lease or Tenant has subleased one entire floor or more of the Premises other than to a Permitted Transferee; and/or (iv) Tenant’s financial condition is
materially worse at the time it delivers Tenant’s Election Notice to Landlord than on the date of this Lease; and/or (v) Tenant has failed to exercise properly this First Refusal Right in a timely manner in strict accordance with the
provisions of this Rider 2; and/or (vi) Tenant or a Permitted Transferee no longer has possession of all or any part of the Premises under the Lease, or if the Lease has been terminated earlier, pursuant to the terms and provisions of the
Lease. Tenant’s First Refusal Right to lease the First Refusal Space is personal to the original Tenant executing this Lease, and may not be assigned or exercised, voluntarily or involuntarily (other than to a Permitted Transferee), by or to,
any person or entity other than the original Tenant, and shall only be available to and exercisable by the Tenant or Permitted Transferee when the original Tenant or any Permitted Transferee is in actual and physical possession of the entire
Premises. 
 6. Time is of the Essence. Time is of the essence with respect to each and every time period
described in this Rider 2. 

  

 RIDER 3 

LETTER OF CREDIT RIDER 

This Letter of Credit Rider (“Letter of Credit Rider”) is made and entered into by and between RIVERPARK TOWER II, LLC, a
Delaware limited liability company (“Landlord”), and XACTLY CORPORATION, a Delaware corporation (“Tenant”), and is dated as of the date of the Office Lease (“Lease”) by and between Landlord and
Tenant to which this Letter of Credit Rider is attached. The agreements set forth in this Letter of Credit Rider shall have the same force and effect as if set forth in the Lease. To the extent the terms of this Letter of Credit Rider are
inconsistent with the terms of the Lease, the terms of this Letter of Credit Rider shall control. 
 1. Concurrently with Tenant’s
execution of the Lease, Tenant shall deliver to Landlord, as collateral for the full and faithful performance by Tenant of all of its obligations under the Lease and to compensate Landlord for all losses and damages Landlord may suffer as a result
of any default by Tenant under the Lease, an irrevocable and unconditional negotiable standby letter of credit (the “Letter of Credit”), in the form attached hereto as Exhibit 1 and containing the terms required herein,
payable in the City of San Jose, California, running in favor of Landlord issued by a solvent, nationally recognized commercial bank (the “Bank”) that is acceptable to Landlord in its sole discretion and (1) is chartered under
the laws of the United States, any State thereof or the District of Columbia, and which is insured by the Federal Deposit Insurance Corporation; (2) has a long term rating of B or higher as rated by Moody’s Investors Service and/or A or
higher as rated by Standard & Poor’s, and Fitch Ratings Ltd (Fitch), under the supervision of the Superintendent of Banks of the State of California, or a national banking association (the “Letter of Credit Issuer
Requirements”), in the amount of One Hundred Twenty-Nine Thousand One Hundred Eighty-Five Dollars and Thirty-One Cents ($129,185.31) (the “Letter of Credit Amount”). The Letter of Credit Amount shall be increased to One
Hundred Eighty-Three Thousand Seventy-Seven Dollars and Thirty-Three Cents ($183,077.33) on the first day of the thirty-first (31st) month of the Lease Term. All fees, costs and expenses
incurred in connection with the increased Letter of Credit Amount (and reissuance of the Letter of Credit to reflect such increased Letter of Credit Amount) shall be borne solely by Tenant. As of the date hereof, Landlord hereby agrees that Silicon
Valley Bank is a Bank that is currently acceptable to Landlord to provide the Letter of Credit. 
 2. The Letter of Credit shall be
(i) at sight, irrevocable and unconditional, (ii) maintained in effect, whether through replacement, renewal or extension, for the period from the Lease Commencement Date and continuing until the date (the “Letter of Credit
Expiration Date”) which is one hundred twenty (120) days after the Lease Expiration Date, and Tenant shall deliver a new Letter of Credit or certificate of renewal or extension to Landlord at least thirty (30) days prior to the
expiration of the Letter of Credit then held by Landlord, without any action whatsoever on the part of Landlord, (iii) subject to the International Standby Practices 1998, International Chamber of Commerce Publication #590, (iv) fully
assignable by Landlord, and (v) permit partial draws. In addition to the foregoing, the form and terms of the Letter of Credit 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 (1) upon the presentation to the 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 the Lease, or (2) in the event Tenant, as applicant, shall have failed to provide to Landlord a new or renewal Letter of Credit satisfying the terms of this Letter of Credit Rider at least thirty (30) days prior to
the expiration of the Letter of Credit then held by Landlord, (3) Tenant has filed a voluntary petition under the Federal Bankruptcy Code or (4) an involuntary petition has been filed against Tenant under the Federal Bankruptcy Code, it
being understood that if Landlord or its managing agent be a limited liability company, corporation, partnership or other entity, then such statement shall be signed by a managing member (if a limited liability company), an officer (if a
corporation), a general partner (if a partnership), or any authorized party (if another entity) and (B) the Letter of Credit will be honored by the Bank without inquiry as to the accuracy thereof and regardless of whether Tenant disputes the
content of such statement. 
 3. The Letter of Credit shall also provide that Landlord may, at any time and without notice to Tenant and
without first obtaining Tenant’s consent thereto, transfer all or any portion of its interest in and to the Letter of Credit to another party, person or entity, regardless of whether or not such transfer is separate from or as a part of the
assignment by Landlord of its rights and interests in and to the Lease. In the event of a transfer of Landlord’s interest in the Building, 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 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. In connection with any such transfer of the Letter of Credit by Landlord, Tenant shall, at Tenant’s sole cost and expense, execute and submit to the
Bank such applications, documents and instruments as may be necessary to effectuate such transfer and, Tenant shall be responsible for paying the Bank’s transfer and processing fees in connection therewith. 

4. If, as 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 Letter of Credit Amount, Tenant shall, within five (5) business 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 Letter of
Credit Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this Letter of Credit Rider, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in
Article 19 of the Lease, the same shall constitute an incurable 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 Letter of Credit Expiration
Date, a renewal thereof or substitute letter of credit, as applicable, shall be delivered to Landlord not later than thirty (30) days prior to the expiration of the Letter of Credit, which shall be irrevocable and automatically renewable as
above provided through the Letter of Credit Expiration Date upon the same terms as the expiring Letter of Credit or such other terms as may be acceptable to Landlord in its sole discretion. However, if the Letter of Credit is not timely renewed or a
substitute letter of credit is not timely received, or if Tenant fails to maintain the Letter of Credit in the amount and in accordance with the terms set forth in this Letter of Credit Rider, Landlord shall have the right to present the Letter of
Credit to the Bank in accordance with the terms of this Letter of Credit Rider, and the proceeds of the Letter of Credit may be applied by Landlord for Tenant’s failure to fully and faithfully perform all of Tenant’s obligations under this
Lease and against any Rent payable by Tenant under this Lease that is not paid when due and/or to pay for all losses and damages that Landlord has suffered or that Landlord reasonably estimates that it will suffer as a result of any default by
Tenant under this Lease. Any unused proceeds shall constitute the property of Landlord and need not be segregated from Landlord’s other assets. 

  

 5. Tenant hereby acknowledges and agrees that Landlord is entering into the Lease in material
reliance upon the ability of Landlord to draw upon the Letter of Credit in the event Tenant fails to fully and faithfully perform all of Tenant’s obligations under this Lease and to compensate Landlord for all losses and damages Landlord may
suffer as a result of the occurrence of any default on the part of Tenant under the Lease and Landlord may, at any time, but without obligation to do so, and without notice, draw upon the Letter of Credit, in part or in whole, for such purposes.
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 the 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. Tenant agrees and acknowledges that Tenant has no property interest whatsoever in the Letter of Credit or the proceeds thereof and that, in the event Tenant becomes a debtor under any chapter
of the Federal Bankruptcy Code, neither Tenant, any trustee, nor Tenant’s bankruptcy estate shall have any right to restrict or limit Landlord’s claim and/or rights to the Letter of Credit and/or the proceeds thereof by application of
Section 502(b)(6) of the Federal Bankruptcy Code. 
 6. Notwithstanding anything to the contrary herein, if at any time the Letter of
Credit Issuer Requirements are not met, or if the financial condition of such issuer changes in any other materially adverse way, as determined by Landlord in its sole discretion, then Tenant shall within five (5) business days of written
notice from Landlord deliver to Landlord a replacement Letter of Credit which otherwise meets the requirements of this Lease, including without limitation, the Letter of Credit Issuer Requirements. Notwithstanding anything in this Lease to the
contrary, Tenant’s failure to replace the Letter of Credit and satisfy the Letter of Credit Issuer Requirements within such 5-day period Landlord shall constitute a material default for which there shall be no notice or grace or cure periods
being applicable thereto. In addition and without limiting the generality of the foregoing, if the issuer of any letter of credit held by Landlord is insolvent or is placed in receivership or conservatorship by the Federal Deposit Insurance
Corporation, or any successor or similar entity, or if a trustee, receiver or liquidator is appointed for the issuer, then, effective as of the date of such occurrence, said Letter of Credit shall be deemed to not meet the requirements of this
Letter of Credit Rider, and Tenant shall within five (5) business days of written notice from Landlord deliver to Landlord a replacement Letter of Credit which otherwise meets the requirements of this Letter of Credit Rider and that meets the
Letter of Credit Issuer Requirements (and Tenant’s failure to do so shall, notwithstanding anything in this Letter of Credit Rider or the Lease to the contrary, constitute a material default for while there shall be no notice or grace or cure
periods being applicable thereto other than the aforesaid 5-day period). 
 7. Landlord and Tenant acknowledge and agree that in no event or
circumstance shall the Letter of Credit or any renewal thereof or substitute therefor be (i) deemed to be or treated as a “security deposit” within the meaning of California Civil Code Section 1950.7 (other than subsection (b)),
(ii) subject to the terms of such Section 1950.7 (other than subsection (b)), or (iii) intended to serve as a “security deposit” within the meaning of such Section 1950.7 (other than subsection (b)). The parties hereto
(A) recite that the Letter of Credit is not intended to serve as a security deposit and such Section 1950.7 (other than subsection (b)) and any and all other laws, rules and regulations applicable to security deposits in the commercial
context (“Security Deposit Laws”) shall have no applicability or relevancy thereto and (B) waive any and all rights, duties and obligations either party may now or, in the future, will have relating to or arising from the
Security Deposit Laws. 

  

 EXHIBIT 1 TO LETTER OF CREDIT RIDER 

 

			
	  

	
	  

	
	  

	
	  

		
	Contact Phones:		  

  

					
	IRREVOCABLE STANDBY LETTER OF CREDIT		
		
	            , 20    		Our irrevocable standby Letter of Credit:
			No.		  

	Beneficiary:		Applicant:
	[insert correct LANDLORD ENTITY]		  

	Attn: [insert RVP’s NAME]		  

	[insert RVP address]		Amount: Exactly USD $            
			(                     and     /100 Dollars)
			Final Date of Expiration:                     
			[INSERT DATE WHICH IS 120 DAYS AFTER
			LEASE EXPIRATION DATE]

 We (the “Bank”) hereby issue our irrevocable standby Letter of Credit No.     
in Beneficiary’s favor for the account of the above-referenced Applicant, in the aggregate amount of exactly USD $        . 

This Letter of Credit is available with us at our above office by presentation of your draft drawn on us at sight bearing the clause:
“Drawn under                      [INSERT NAME OF BANK] Letter of Credit No.     “ and accompanied by the
following: 
 1. Beneficiary’s signed certification purportedly signed by an authorized officer or agent stating: 

(A) “Beneficiary, as landlord, is now entitled to draw upon this Letter of Credit pursuant to the terms and conditions of that certain
lease agreement dated                      for premises located at
                                        “;
or 
 (B) “The Bank has notified us that this Letter of Credit will not be extended beyond the current expiration date of this Letter
of Credit and Applicant has not delivered to Beneficiary at least thirty (30) days prior to the current expiration of this Letter of Credit a replacement Letter of Credit satisfactory to Beneficiary.” 

(C) “Tenant has filed a voluntary petition under the Federal Bankruptcy Code;” or 

(D) “An involuntary petition has been filed against Tenant under the Federal Bankruptcy Code.” 

2. The original of this Letter of Credit. 

Special conditions: 
 Partial
draws under this Letter of Credit are permitted. Notwithstanding anything to the contrary contained herein, this Letter of Credit shall expire permanently without renewal on
                     [INSERT DATE WHICH IS 120 DAYS AFTER LEASE EXPIRATION DATE]. 

This Letter of Credit shall be automatically extended for an additional period of one (1) year, without amendment, from the present or
each future expiration date but in any event not beyond                      [INSERT DATE WHICH IS 120 DAYS AFTER LEASE EXPIRATION DATE] which
shall be the final expiration date of this Letter of Credit, unless, at least thirty (30) days prior to the then current expiration date we notify you by registered mail/overnight courier service at the above address that this Letter of Credit
will not be extended beyond the current expiration date. 
 We hereby agree with you that all drafts drawn under and in compliance with the
terms of this Letter of Credit will be duly honored upon presentation to us of the documents described in Paragraph 1 above on or before the expiration date of this Letter of Credit, without inquiry as to the accuracy thereof and regardless of
whether Applicant disputes the content of any such documents or certifications. 
 This Letter of Credit is transferable and any such
transfer may be effected by us, provided that you deliver to us your written request for transfer in form and substance reasonably satisfactory to us. Beneficiary may, at any time and without notice to Applicant and without first obtaining
Applicant’s consent thereto, transfer all or any portion of Beneficiary’s interest in and to the Letter of Credit to another party, person or entity, regardless of whether or not such transfer is separate from or as a part of the
assignment by Beneficiary of Beneficiary’s rights and 

  

 
interests in and to the Lease. Applicant shall be responsible for paying the Bank’s transfer and processing fees in connection with any such transfer. The original of this Letter of Credit
together with any amendments thereto must accompany any such transfer request. 
 Except so far as otherwise expressly stated, this
documentary credit is subject to the International Standby Practices 1998, International Chamber Of Commerce Publication No. 590. 
  

			
	 By:
		  

	Authorized signature

 Please direct any correspondence including drawing or inquiry quoting our reference number to the above
referenced address. 

  

 FIRST AMENDMENT TO OFFICE LEASE 

This FIRST AMENDMENT TO OFFICE LEASE (“Amendment”) is made and entered into effective as of January 15, 2015, by and
between RIVERPARK TOWER II, LLC, a Delaware limited liability company (“Landlord”) and XACTLY CORPORATION, a Delaware corporation (“Tenant”). 

R E C I T A L S : 

A. Landlord and Tenant entered into that certain Office Lease dated as of August 6, 2014 (the “Lease”), pursuant to
which Landlord leased to Tenant and Tenant leased from Landlord certain “Premises”, as described in the Lease, in that certain Building located at 300 Park Avenue, San Jose, California 95110. 

B. Except as otherwise set forth herein, all capitalized terms used in this Amendment shall have the same meaning as such terms have in the
Lease. 
 C. Landlord and Tenant desire to amend the Lease to confirm the Lease Commencement Date and Lease Expiration Date of the Lease
Term, as hereinafter provided. 
 NOW, THEREFORE, in consideration of the foregoing Recitals and the mutual covenants contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Confirmation of Dates. The parties hereby confirm that the Lease Term commenced as of January 15, 2015 (the “Lease
Commencement Date”) for a term of seventy-two (72) full calendar months ending on January 31, 2021 (the “Lease Expiration Date”) (unless sooner terminated as provided in the Lease). 

2. Base Rent. Accordingly Section 8 of the Summary and Article 3 of the Lease are hereby modified to provide that as of the Lease
Commencement Date, the Base Rent payable by Tenant to Landlord, in accordance with the provisions of Article 3 of the Lease shall be as follows: 
  

													
	 Period
	  	Annual
Base Rent	 	  	Monthly
Installment
of Base Rent	 	 	Monthly Rental
Rate per Rentable
Square Foot	 
				
	 1/15/15 – 1/31/16
	  	$	1,065,690.00	  	  	$	88,807.50	* 	 	$	2.25	  
	 2/1/16 – 1/31/17
	  	$	1,102,989.15	  	  	$	91,915.76	** 	 	$	2.33	  
	 2/1/17 – 7/31/17
	  	$	1,141,472.40	  	  	$	95,122.70	** 	 	$	2.41	  
	 8/1/17 – 1/31/18
	  	$	1,712,390.66	  	  	$	142,699.22	  	 	$	2.41	  
	 2/1/18 – 1/31/19
	  	$	1,772,324.33	  	  	$	147,693.69	  	 	$	2.50	  
	 2/1/19 – 1/31/20
	  	$	1,834,355.68	  	  	$	152,862.97	  	 	$	2.58	  
	 2/1/20 – 1/31/21
	  	$	1,898,558.13	  	  	$	158,213.18	  	 	$	2.67	  

  

	*	Tenant shall not be obligated to pay either monthly Base Rent or Additional Rent for the period from January 15, 2015 through January 14, 2016 so long as Tenant is not in monetary or other material default
under the Lease, as more particularly described in the immediately following sentence. If, at any time, Tenant is in default of any monetary or other material term, condition or provision of this Lease beyond applicable notice and grace periods, to
the fullest extent permitted by law, any express or implicit waiver by Landlord of Tenant’s requirement to pay monthly Base Rent or Additional Rent during any period of time from and after the date of this Lease shall be null and void and
Tenant shall immediately pay to Landlord the then unamortized remaining balance of the Base Rent and Additional Rent that was abated (such amortization being calculated on a straight line basis over the entire Lease Term and such balance being
determined as of the date of Tenant’s default). The monthly Base Rent for this period is calculated based on 39,470 rentable square feet of space within the Premises. 

	**	The monthly Base Rent for these periods are calculated based on 39,470 rentable square feet of space within the Premises. 

3. No Further Modification. Except as set forth in this Amendment, all of the terms and provisions of the Lease shall remain unmodified
and in full force and effect. 

  
 ///continued on next page/// 

1 

 IN WITNESS WHEREOF, this Amendment to Lease has been executed as of the day and year first
above written. 
  

							
	“Landlord”:
	
	 RIVERPARK TOWER II, LLC,

a Delaware limited liability company

		
	By:		Legacy Partners Commercial, L.P.,
			a California limited partnership
			As Manager and Agent for Owner
			
			By:		Legacy Partners Commercial, Inc.,
					General Partner
				
					By:		 /s/ Hanna Eyal

							Hanna Eyal
					Its:		Senior Vice President
							DRE #01178811
							BL DRE #01464134
	
	“Tenant”:
	
	 XACTLY CORPORATION,
 a
Delaware corporation

		
	By:		 /s/ Joseph Consul

			Name:		 Joseph Consul

			Its:		 CFO

		
	By:		 /s/ Colleen M. Pouliot

			Name:		 Colleen Pouliot

			Its:		 General Counsel & Secretary

  
 2EX-10.9

 Exhibit 10.9 

AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

between 
 XACTLY
CORPORATION 
 and 

WELLINGTON FINANCIAL LP 

dated as of 

October 24, 2014 

 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (the “Agreement”) dated
as of October 24, 2014, by and among XACTLY CORPORATION a corporation duly organized and validly existing under the laws of the Delaware (“Borrower” or the “Company”) and WF FUND IV LIMITED PARTNERSHIP (c/o/b
as WELLINGTON FINANCIAL LP and WELLINGTON FINANCIAL FUND IV) (“Lender”). 
 Borrower and Lender are parties to a Loan and Security
Agreement dated as of May 31, 2013 (the “Original Loan Agreement”). Borrower has requested that Lender extend credit to it in a maximum aggregate principal amount of Fifteen Million Four Hundred Seven Thousand Nine Hundred Forty Five
and 21/100 Dollars ($15,407,945.21) to repay amounts outstanding under the Original Loan Agreement and for general corporate purposes. Lender is willing to extend such credit on and subject to the terms and conditions hereof. Accordingly, the
parties hereto agree as follows: 
 ARTICLE I. 

INTERPRETATION 

Section 1.01 Definitions 
 In
this Agreement: 
 “Account Debtor” has the meaning given to such term in the UCC; 

“Accounts” has the meaning given to such term in the UCC; 

“Additional Documents” has the meaning attributed thereto in Section 4.05; 

“Agreement,” “hereto,” “herein,” “hereof,” “hereby,”
“hereunder,” and any similar expressions refer to this Agreement and the schedules attached hereto and not to any particular article, section or other portion hereof, and include any and every instrument supplemental hereto or
amending or replacing any part hereof; 
 “Borrower” has the meaning attributed thereto in the preamble to this Agreement;

 “Business Day” means a day other than a Saturday, Sunday or any other day on which banks located in the City of Toronto,
Province of Ontario and/or San Francisco, California are not open for business; 
 “Budget” means the budget of Borrower
approved by Borrower’s board of directors for the given period; 
 “Casualty Event” means, with respect to any Property
of any Person, any loss of or damage to, or any condemnation or other taking of, such Property for which such Person or any of its Subsidiaries receives insurance proceeds, or proceeds of a condemnation award or other compensation; 

“Change of Control” means, unless otherwise waived in writing by Lender, (a) the direct or indirect sale, transfer,
assignment, exchange, lease, release, license or other 

  
 1 

 
disposition to a third party by Borrower of all or substantially all of the assets (including any Intellectual Property) of Borrower and/or any Subsidiary, in bulk, out of the ordinary course of
business or inconsistent with past practice (other than, in each case, in connection with an internal reorganization involving Borrower); (b) any direct or indirect event or transaction, including any merger, consolidation, combination,
partnership, joint venture or any issuance of or change in any shares or of any right, privilege or option to acquire shares, in the capital of Borrower, as a result of which the Existing Shareholders do not collectively own more than 50% of the
issued and outstanding shares in the capital of Borrower, on a fully diluted basis, or Control the resulting successor of Borrower, or the acquisition by a purchaser or group of purchasers, of 50% or more of voting securities or instruments
exchangeable for or convertible into voting securities of Borrower, on a fully diluted basis; (c) if anyone other than the Existing Shareholders gains the ability to elect a majority of the board of directors of Borrower or the board of
directors of any Subsidiary is not Controlled by Borrower; (d) if a Guarantor ceases to be a wholly-owned subsidiary of Borrower or, without the consent of Lender, not to be unreasonably withheld, any other Subsidiary ceases to be Controlled by
Borrower, other than as a result of an amalgamation with Borrower or any other Subsidiary; or (e) if there is an indirect event or transaction similar to the events or transactions described above which has the same result or effect as the
events or transactions described above or any Person or group of Persons other than the Existing Shareholders, have the right or ability to effectively control the management and/or operations of the business of Borrower or any of the Subsidiaries.
For the purposes hereof, “Existing Shareholders” means, at any time, the shareholders of Borrower immediately prior to the Change of Control and any affiliated entities thereof; 

“Chattel Paper” has the meaning given to such term in the UCC; 

“Closing Date” means the date on which the initial extension of credit hereunder is made; 

“Closing Fee” has the meaning attributed thereto in Section 2.03; 

“Code” means the Internal Revenue Code of 1986, as amended; 

“Collateral” has the meaning attributed thereto in Section 4.01; 

“Collateral Access Agreement” means an agreement in form and substance reasonably acceptable to Lender with any Person who
holds an interest in the real property in which any Equipment or Inventory of Borrower is located. 
 “Collections” means
all cash, checks, credit card slips or receipts, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds) of Borrower; 

“Commercial Tort Claim” has the meaning given to such term in the UCC; 

“Company” has the meaning attributed thereto in the preamble to this Agreement; 

  
 2 

 “Control” means the possession, directly or indirectly, of the power to direct
or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power by contract or otherwise; “Controlling”, “Controlled” and “Controls” have
meanings correlative thereto; 
 “Control Agreement” means an agreement, in form and substance reasonably satisfactory to
Lender, executed and delivered by Borrower and the applicable securities intermediary or bank, which agreement is sufficient to give Lender “control” over the subject securities account, DDA or investment property under the UCC; 

“DDA” means any checking account, demand deposit account or other “deposit account” (as such term is defined from
time to time in the UCC) maintained by Borrower; 
 “Default” means any event specified in Section 8.01 hereof, whether
or not any requirement in connection with such event for the giving of notice, lapse of time or happening of any further condition has been satisfied; 

“Disposition” means any sale, assignment, transfer or other disposition of any Property (whether now owned or hereafter
acquired) by Borrower or any of its Subsidiaries to any other Person excluding any sale, assignment, transfer or other disposition of any Property sold or disposed of in the ordinary course of business and consistent with past practices; 

“Document” has the meaning given to such term in the UCC; 

“EBITDA” means, with respect to any period, the net income (or loss) of Borrower and its Subsidiaries determined on a
consolidated basis in accordance with GAAP plus in each case to the extent deducted in the calculation of such net income and without duplication, (i) depreciation and amortization for such period, plus (ii) income tax
expense for such period, plus (iii) the aggregate amount of interest required to be paid or accrued during such period on all Indebtedness of Borrower and its Subsidiaries outstanding during such period, plus (iv) non-cash
items (including non-cash stock-based compensation expense and purchase accounting adjustments) plus (v) extraordinary, nonrecurring or unusual items, and minus, capitalized research and development costs, and minus, to the
extent added in computing such net income, and without duplication, all extraordinary and non-recurring gains for such period, all as determined in accordance with GAAP and consistent with past practices; 

“Environmental Claim” means, with respect to any Person, any written or oral notice, claim, demand or other communication
(collectively, a “claim”) by any other Person alleging or asserting such Person’s liability for investigatory costs, cleanup costs, governmental response costs, damages to natural resources or other Property, personal injuries, fines
or penalties arising out of, based on or resulting from (i) the presence, or Release into the environment, of any Hazardous Material at any location, whether or not owned by such Person, or (ii) circumstances forming the basis of any
violation, or alleged violation, of any Environmental Law. The term “Environmental Claim” shall include, without limitation, any claim by any governmental authority for enforcement, cleanup, removal, response, remedial or other actions or
damages pursuant to any applicable 

  
 3 

 
Environmental Law, and any claim by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from the presence of Hazardous
Materials or arising from alleged injury or threat of injury to health, safety or the environment; 
 “Environmental Laws”
means any and all present and future Federal, state, local and foreign laws, rules or regulations, and any orders or decrees, in each case as now or hereafter in effect, relating to the regulation or protection of human health, safety or the
environment or to emissions, discharges, releases or threatened releases of pollutants, contaminants, chemicals or toxic or hazardous substances or wastes into the indoor or outdoor environment, including, without limitation, ambient air, soil,
surface water, ground water, wetlands, land or subsurface strata, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, chemicals or toxic or
hazardous substances or wastes; 
 “Equipment” has the meaning given to such term in the UCC; 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time; 

“ERISA Affiliate” means any corporation or trade or business that is a member of any group of organizations (i) described
in Section 414(b) or (c) of the Code of which Borrower is a member and (ii) solely for purposes of potential liability under Section 302(c)(l 1) of ERISA and Section 412(c)(l 1) of the Code and the lien created under
Section 302(f) of ERISA and Section 412(n) of the Code, described in Section 414(m) or (o) of the Code of which Borrower is a member; 

“ERISA Event” means any of the following events or conditions: 

 

	 	(a)	any reportable event, as defined in Section 4043(b) of ERISA and the regulations issued thereunder, with respect to a Plan, as to which the PBGC has not by regulation waived the requirement of Section 4043(a)
of ERISA that it be notified within 30 days of the occurrence of such event (provided that a failure to meet the minimum funding standard of Section 412 of the Code or Section 302 of ERISA, including, without limitation, the failure to
make on or before its due date a required installment under Section 412(m) of the Code or Section 302(e) of ERISA, shall be a reportable event regardless of the issuance of any waivers in accordance with Section 412(d) of the Code);
and any request for a waiver under Section 412(d) of the Code for any Plan; 

  

	 	(b)	the distribution under Section 4041 of ERISA of a notice of intent to terminate any Plan or any action taken by Borrower or an ERISA Affiliate to terminate any Plan; 

 

	 	(c)	the institution by the PBGC of proceedings under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by Borrower or any ERISA Affiliate of a notice
from a Multiemployer Plan that such action has been taken by the PBGC with respect to such Multiemployer Plan; 

  
 4 

	 	(d)	the complete or partial withdrawal from a Multiemployer Plan by Borrower or any ERISA Affiliate that results in liability under Section 4201 or 4204 of ERISA (including the obligation to satisfy secondary liability
as a result of a purchaser default) or the receipt by Borrower or any ERISA Affiliate of notice from a Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to terminate or
has terminated under Section 4041A of ERISA; 

  

	 	(e)	the institution of a proceeding by a fiduciary of any Multiemployer Plan against Borrower or any ERISA Affiliate to enforce Section 515 of ERISA, which proceeding is not dismissed within 30 days; or

  

	 	(f)	the adoption of an amendment to any Plan that, pursuant to Section 401(a)(29) of the Code or Section 307 of ERISA, would result in the loss of tax-exempt status of the trust of which such Plan is a part if
Borrower or an ERISA Affiliate fails to timely provide security to the Plan in accordance with the provisions of such Sections; 

“Event of Default” has the meaning attributed thereto in Article VIII; 

“Excluded Subsidiaries” means each of Borrower’s Subsidiaries that is a Foreign Subsidiary, including Borrower’s
Subsidiaries in India and the United Kingdom, except, in each case, to the extent that any such Subsidiary either (i) holds ten percent (10%) or more of the consolidated assets of Borrower and its Subsidiaries, or (ii) has gross
income or revenues of more ten percent (10%) or more of Borrower’s and its Subsidiaries’ consolidated gross income or revenue. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor provision
that is substantially similar and not materially more burdensome to comply with), and any current or future regulations issued thereunder or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the
Code and, for the avoidance of doubt, any intergovernmental agreement entered into in respect of the foregoing; 
 “Final
Payment” means an amount equal to 2.50% of the aggregate principal balance of the Term Loan, if paid on or before the first anniversary of the Closing Date; an amount equal to 5.0% of the aggregate principal balance of the Term Loan, if
paid after the first anniversary of the Closing Date but on or before the second anniversary of the Closing Date; and an amount equal to 7.5% of the aggregate principal balance of the Term Loan, if paid after the second anniversary of the Closing
Date. 
 “Financing Documents” means this Agreement, the Warrant, the Term Loan Note, the Subordination Agreement, the
Security Documents, all Additional Documents, and any other document, instrument or agreement now or hereafter entered into in connection with the Loans, the Secured Obligations or the Collateral; 

  
 5 

 “Fixtures” has the meaning given to such term in the UCC; 

“Foreign Subsidiary” means a Subsidiary not organized under the laws of the United States or any territory thereof; 

“GAAP” means generally accepted accounting principles in the United States of America, consistently applied, as in effect from
time to time; 
 “General Intangibles” has the meaning given to such term in the UCC; 

“Goods” has the meaning given to such term in the UCC; 

“Guarantors” means any Person guarantying Borrower’s performance under the Financing Documents (which shall not include
applicable Excluded Subsidiaries), and each of them is hereinafter referred to as a “Guarantor”; 
 “Hazardous
Materials” has the meaning attributed thereto in Section 5.14; 
 “Inactive Subsidiaries” has the meaning
attributed thereto in Section 5.02; 
 “Indebtedness” of Borrower or any of its Subsidiaries, as the case may be, means,
without duplication: 
  

	 	(a)	all of its indebtedness for or in respect of borrowed money, credit or other financial accommodation, including liabilities and obligations with respect to letters of credit, letters of guarantee, bankers’
acceptances or similar instruments issued or accepted by banks and other financial institutions for the account of Borrower or any Subsidiary; 

  

	 	(b)	all of its indebtedness constituting the deferred purchase price for or in respect of the purchase or acquisition price of property or services, whether or not recourse is limited to the repossession and sale of any
such property; 

  

	 	(c)	all obligations under any lease entered into as lessee which would be classified as a capital lease in accordance with GAAP; 

  

	 	(d)	all obligations of it to purchase, redeem, retract or otherwise acquire any securities issued by Borrower or any Subsidiary where such obligation has been exercised or otherwise become payable; 

 

	 	(e)	all debt or any other debt which is directly or indirectly guaranteed by Borrower or any of its Subsidiaries or which Borrower or any of its Subsidiaries has agreed to purchase or otherwise acquire or in respect of
which Borrower or any of its Subsidiaries has otherwise assured a creditor against loss; 

 but “Indebtedness” shall
not include unsecured trade debt incurred in the ordinary course of business, issued share capital or surplus, reserves for deferred taxes or general contingencies, minority interests in Subsidiaries, nor any contingent liabilities in connection
with contracts entered into in the ordinary course of business; 

  
 6 

 “Indemnified Taxes” has the meaning given such term in Section 3.07(b); 

“Instruments” has the meaning given to such term in the UCC; 

“Intellectual Property” means the following properties and assets owned or held or in which the applicable Person otherwise
has any interest, now existing or hereafter acquired or arising: 
  

	 	(a)	all patents and patent applications, domestic or foreign, all licenses relating to any of the foregoing and all income and royalties with respect to any licenses, all rights to sue for past, present or future
infringement thereof, all rights arising therefrom and pertaining thereto and all reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof; 

 

	 	(b)	all copyrights and applications for copyright, domestic or foreign, together with the underlying works of authorship (including titles), whether or not the underlying works of authorship have been published and whether
said copyrights are statutory or arise under the common law, and all other rights and works of authorship, all computer programs, computer databases, computer program flow diagrams, source codes, object codes and all tangible property embodying or
incorporating any copyrights, all licenses relating to any of the foregoing and all income and royalties with respect to any licenses, and all other rights, claims and demands in any way relating to any such copyrights or works, including royalties
and rights to sue for past, present or future infringement, and all rights of renewal and extension of copyright; 

  

	 	(c)	all state and provincial (including common law), federal and foreign trade-marks, service marks and trade names, and applications for registration of such trademarks, service marks and tradenames, all licenses relating
to any of the foregoing and all income and royalties with respect to any licenses, whether registered or unregistered and wherever registered, all rights to sue for past, present or future infringement or unconsented use thereof, all rights arising
therefrom and pertaining thereto and all reissues, extensions and renewals thereof; 

  

	 	(d)	all technology created, developed or acquired by the assignor, trade secrets, trade dress, trade styles, logos, other sources of business identifiers, mask-works, mask-work registrations, mask-work applications,
software, proprietary or confidential information, customer lists, license rights, advertising materials, operating manuals, methods, processes, know-how, techniques, research, studies, algorithms, formulae, databases, quality control procedures,
product, service and technical specifications and data, operating, production and quality control manuals, sales literature, drawings, specifications, blue prints, descriptions, inventions, name plates and catalogs; 

  
 7 

	 	(e)	all domain names, internet protocol addresses and uniform resource locators used in the business and all applications, registrations and rights therein and thereto; 

 

	 	(f)	the entire goodwill of or associated with the businesses now or hereafter conducted connected with and symbolized by any of the aforementioned properties and assets; and 

 

	 	(g)	all accounts, all intangible intellectual or other similar property and other general intangibles associated with or arising out of any of the aforementioned properties and assets and not otherwise described above;

 “Intellectual Property Security Agreement” means that certain Intellectual Property Security Agreement
dated as of the date hereof between Borrower and Lender; 
 “Intercreditor Agreement” means that certain Intercreditor
Agreement dated as of the date hereof between Lender and Silicon Valley Bank. 
 “Inventory” has the meaning given to such
term in the UCC; 
 “Investment Property” has the meaning given to such term in the UCC; 

“Law” means any statute, law, ordinance, regulation, rule, order, writ, injunction or decree of any Tribunal; 

“Lender” has the meaning attributed thereto in the preamble to this Agreement; 

“Lender Expenses” means all (a) costs or expenses (including taxes, and insurance premiums) required to be paid by
Borrower under any of the Financing Documents that are paid or incurred by Lender, (b) fees or charges paid or incurred by Lender in connection with Lender’s transactions with Borrower, including, without limitation, fees or charges for
photocopying, notarization, couriers and messengers, telecommunication, public record searches (including tax lien, litigation, and UCC searches and including searches with the patent and trademark office, the copyright office, or the department of
motor vehicles), filing, recording, publication, appraisal (including periodic Collateral appraisals or, after the occurrence and during the continuance of an Event of Default, business valuations, to the extent of the fees and charges (and up to
the amount of any limitation) contained in this Agreement), real estate surveys, real estate title policies and endorsements, and environmental audits, (c) costs and expenses incurred by Lender in the disbursement of funds to or for the account
of Borrower (by wire transfer or otherwise), (d) reasonable costs and expenses paid or incurred by Lender to correct any default or enforce any provision of the Financing Documents, or in gaining possession of, maintaining, handling,
preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, (e) audit fees and expenses of Lender related to audit examinations of the
Books to the extent of the fees and charges (and up to the amount of any limitation) contained in this Agreement, (f) reasonable costs and expenses of third party claims or any other suit paid or incurred by Lender in enforcing or defending the
Financing Documents or in connection with the transactions contemplated by the Financing 

  
 8 

 
Documents or Lender’s relationship with Borrower or any Subsidiary of Borrower, (g) Lender’s reasonable fees and expenses (including reasonable attorneys fees) incurred in
advising, structuring, drafting, reviewing, administering, monitoring or amending the Financing Documents; and (h) Lender’s fees and expenses (including attorneys fees) incurred in monitoring, terminating, enforcing (including attorneys
fees and expenses incurred in connection with a “workout,” a “restructuring,” or an Insolvency Proceeding concerning Borrower or in exercising rights or remedies under the Financing Documents), or defending the Financing
Documents, irrespective of whether suit is brought, or in exercising and remedies concerning the Collateral; 
 “Letter of
Credit” means an L/C or an L/C Undertaking, as the context requires; 
 “Lien” means any lien, mortgage, charge,
hypothec, pledge, security interest, option, lease, sublease, right to possession, right of distress, encumbrance, claim, right or restriction which affects, by way of a conflicting ownership interest or otherwise, the right, title or interest in or
to any particular property. For purposes of the Financing Documents, a Person shall be deemed to own subject to a Lien any Property that it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement,
capital lease or other title retention agreement (other than an operating lease) relating to such Property; 
 “Loan(s)”
means the Term Loan; 
 “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
liabilities (actual or contingent), condition (financial or otherwise), operations, performance or properties of Borrower or Borrower and its Subsidiaries taken as a whole, (b) the ability of Borrower to perform its obligations under the
Financing Documents, (c) the validity or enforceability of this Agreement, the Term Loan Note, any Control Agreement or any of the other Financing Documents or (d) the rights and remedies of Lender under the Financing Documents; 

“Material Agreements” means the material agreements of Borrower as set forth on Schedule 6.11(h) to the Disclosure Letter;

 “Net Available Proceeds” means: 
  

	 	(a)	in the case of any Disposition, the amount of the aggregate amount of all cash payments, and the fair market value of any non-cash consideration, received by Borrower and its Subsidiaries directly or indirectly in
connection with such Disposition; provided that Net Available Proceeds shall be net of (i) the amount of any legal, title and recording tax expenses, commissions and other fees and expenses paid by Borrower and its Subsidiaries in connection
with such Disposition and (ii) any Federal, state and local income or other taxes estimated to be payable by Borrower and its Subsidiaries as a result of such Disposition; and 

 

	 	(b)	 in the case of any Casualty Event, the aggregate amount of proceeds of insurance, condemnation awards and other compensation received by Borrower and
its Subsidiaries in respect of such Casualty Event net of (A) reasonable expenses 

  
 9 

	 	
incurred by Borrower and its Subsidiaries in connection therewith and (B) contractually required repayments of Indebtedness to the extent secured by a Lien on such Property and any income
and other taxes payable by Borrower or any of its Subsidiaries in respect of such Casualty Event; 

 “Other
Taxes” has the meaning assigned in Section 3.07(b). 
 “Permitted Dispositions” means transfers or dispositions:

  

	 	(a)	of Inventory in the ordinary course of business; 

  

	 	(b)	of worn-out or obsolete Equipment; 

  

	 	(c)	in connection with Permitted Encumbrances and Permitted Investments; 

  

	 	(d)	of non-exclusive licenses for the use of the property of Borrower or its Subsidiaries in the ordinary course of business and licenses that could not result in a legal transfer of title of the licensed property but that
may be exclusive as to territory only as to discreet geographical areas outside of the United States; and 

  

	 	(e)	other property having an aggregate value not to exceed $250,000. 

 “Permitted
Encumbrances” means any of the following: 
  

	 	(a)	Liens for Taxes not at the time due unless contested in good faith by all necessary proceedings and adequate reserves are maintained by such debtor in accordance with GAAP; 

 

	 	(b)	rights reserved to or vested in any municipality or governmental or other public authority by the terms of any lease, license, franchise, grant or permit, or by any statutory provision, to terminate the same or to
require annual or other periodic payments as a condition to the continuance thereof; 

  

	 	(c)	(i) a security interest in cash or governmental obligations deposited in the ordinary course of business in connection with contracts, bids, tenders or to secure worker’s compensation, unemployment insurance,
surety or appeal bonds, costs of litigation when required by law, social security or other like obligations incurred in the ordinary course of business or (ii) public and statutory obligations, liens or claims incidental to current
construction, mechanics’, warehousemen’s, carriers’ and other similar liens arising by operation of law in the ordinary course of business; 

  

	 	(d)	security given in the ordinary course of business to a public utility or any municipality or governmental or other public authority when required by such utility or municipality or governmental or other authority in
connection with the operations of Borrower; 

  
 10 

	 	(e)	a security interest in or title retention relating to Equipment (not constituting, for greater certainty, Inventory or any Equipment which may constitute Inventory in the hands of Borrower or any Subsidiary) which is
created to secure the unpaid purchase price thereof or retain title thereto until so paid, provided that each such security interest is limited to the Equipment so acquired (and any insurance or other proceeds thereof) and does not secure an amount
in excess of the purchase price thereof or any re-advance on the security of the Equipment; provided that Borrower’s annual aggregate expenditures in connection with Indebtedness (whether existing on the Closing Date or subsequently incurred)
secured by security interests, Liens and encumbrances permitted by this clause (e), together with the aggregate amount of Borrower’s aggregate annual expenditures on account of all capital lease obligations shall not exceed $1,000,000;

  

	 	(f)	Liens granted to Lender to secure the Secured Obligations; 

  

	 	(g)	any other encumbrances Lender declares in writing to be Permitted Encumbrances; 

  

	 	(h)	Liens in connection with the SVB Revolving Facility; 

  

	 	(i)	Liens in connection with the SVB Mezzanine Facility; 

  

	 	(j)	those Liens set forth on Schedule 1.01 to the Disclosure Letter; 

  

	 	(k)	leases or subleases of real property granted in the ordinary course of business, and leases, subleases, non-exclusive licenses or sublicenses of personal property granted in the ordinary course of business;

  

	 	(l)	non-exclusive license of Intellectual Property granted to third parties in the ordinary course of business, and licenses of Intellectual Property that could not result in the legal transfer of title of the licensed
property that may be exclusive in respects other than territory and that may be exclusive as to territory only as to discreet geographical areas outside of the United States; 

 

	 	(m)	Liens arising from attachments or judgments, orders, or decrees in circumstances not constituting an Event of Default; 

  

	 	(n)	Liens in favor of financial institutions arising in the ordinary course of business in connection with deposit and/or securities accounts held at such institutions, solely to secure customary account fees and charges
payable in respect of such deposit and/or securities accounts, provided that Bank has a perfected security interest in the amounts held in such deposit and/or securities accounts; 

 

	 	(o)	Liens in favor of custom and revenue authorities arising as a matter of law to secure the payment of custom duties in connection with the importation of goods; 

 

	 	(p)	Liens in connection with letters of credit permitted in clause (h) of the definition of “Permitted Indebtedness”; 

  
 11 

	 	(q)	Liens on cash collateral accounts in connection with corporate credit cards permitted under clause (d) of the definition of “Permitted Indebtedness”; 

 

	 	(r)	Liens upon financed Equipment in connection with the purchase of furniture pursuant to Borrower’s real property lease at 300 Park Avenue, San Jose, California 95113; and 

 

	 	(s)	Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in clauses (e), (g), and (j) of the definition of Permitted Encumbrances, but any extension, renewal or
replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; 

“Permitted Indebtedness” means: 
  

	 	(a)	the Secured Obligations; 

  

	 	(b)	the Indebtedness secured by Permitted Encumbrances, including, without limitation, Indebtedness under the SVB Revolving Facility and the SVB Mezzanine Facility; 

 

	 	(c)	Indebtedness between Borrower and any Guarantor and Indebtedness due by any Subsidiary to any of the Subsidiaries; 

  

	 	(d)	accounts payable (including Indebtedness under any corporate credit cards), accrued liabilities, Taxes, deferred revenues, operating leases incurred in the ordinary course of business, and capital lease obligations
incurred in the ordinary course of business (subject to any limits established hereunder), and includes, without limitation, Borrower’s and any Subsidiary’s obligations under its real property leases; 

 

	 	(e)	Indebtedness set forth in Schedule 1.01 to the Disclosure Letter; 

  

	 	(f)	Subordinated Debt; 

  

	 	(g)	Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of business; 

  

	 	(h)	Letters of credit, provided that the face value of such letters of credit (i) shall not exceed $1,000,000 at any time, and (ii) any such letters of credit are secured by restricted cash collateral; and

  

	 	(i)	Other Indebtedness in an amount not to exceed $250,000 in the aggregate outstanding at any time; 

“Person” is to be interpreted broadly and includes any individual, partnership, limited partnership, joint venture, syndicate,
sole proprietorship, company or corporation with or without share capital, unincorporated association, trust, trustee, executor, administrator or other legal personal representative, regulatory body or agency, government or governmental agency,
authority or entity however designated or constituted; 

  
 12 

 “Plan” means an employee benefit or other plan established or maintained by
Borrower or any ERISA Affiliate and that is covered by Title IV of ERISA, other than a Multiemployer Plan; 
 “Post-Default
Rate” has the meaning ascribed thereto in Section 3.02(c); 
 “Prime Rate” means the variable rate of interest
quoted from time to time by Citibank, N.A. as the reference rate of interest which it designates as its prime rate; provided that if the prime rate designated by Citibank, N.A. no longer accurately reflects the “prime rate”
available to Lender, then the Prime Rate shall be equal to the United States prime rate quoted in the national edition of The Wall Street Journal. 

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible;

 “Responsible Officer” means, with respect to Borrower, the chief executive officer, president, chief financial officer,
chief operating officer, VP finance, or controller of Borrower. Any document delivered hereunder that is signed by a Responsible Officer of Borrower shall be conclusively presumed to have been authorized by all necessary corporate, partnership,
shareholder, director, limited liability company and/or other action on the part of Borrower and such Responsible Officer shall be conclusively presumed to have acted on behalf of Borrower. Unless otherwise specified, all references to a Responsible
Officer herein shall mean a Responsible Officer of Borrower; 
 “Secured Obligations” means all advances to, and debts,
liabilities, obligations, covenants and duties of Borrower arising under any Financing Document or otherwise with respect to any Loan, and Lender Expenses, whether direct or indirect (including those acquired by assumption), absolute or contingent,
due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against Borrower or any affiliate thereof of any proceeding under any bankruptcy, insolvency or other debtor relief laws
naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding, provided, that Borrower’s obligations under any Warrant, or any other equity security issued by Borrower to
Lender or any affiliate or assignee of Lender shall not be deemed to be “Secured Obligations” under any Financing Document; 

“Securities Account” has the meaning given to such term in the UCC; 

“Security Documents” means this Agreement, Control Agreements, the Intellectual Property Security Agreement, all Uniform
Commercial Code financing statements required thereby to be filed with respect to the security interests in personal Property and fixtures created pursuant thereto, and any and all other agreements or instruments now or hereafter executed and
delivered to Lender by Borrower or any other Person as security for the Senior Obligations; 

  
 13 

 “SVB Bank Services” means, collectively, any products and/or credit services
facilities provided to Borrower by Silicon Valley Bank, including, without limitation, all letters of credit, guidance facilities, cash management services (including, without limitation, merchant services, direct deposit of payroll, business credit
cards, and check cashing services), overdraft facilities and foreign exchange services as any such products or services may be identified in Silicon Valley Banks’s various agreements related thereto; 

“SVB Documents” means, collectively, documents entered into in connection with the SVB Revolving Facility and the SVB
Mezzanine Facility. 
 “SVB Mezzanine Facility” means that certain term facility evidenced by a Loan and Security Agreement
dated of even date by and among Borrower and Silicon Valley Bank, as amended, restated, supplemented, refinanced, renewed, extended or otherwise modified from time to time, so long as the principal amount thereof does not exceed $10,000,000 at any
time 
 “SVB Revolving Facility” means that certain revolving facility evidenced by an Amended and Restated Loan and
Security Agreement, dated as of August 10, 2012 by and among Borrower, Centive, Inc. and Silicon Valley Bank, as amended, restated, supplemented, refinanced, renewed, extended or otherwise modified from time to time, so long as the principal
amount thereof does not exceed $13,000,000 at any time; 
 “Subordinated Debt” is unsecured indebtedness incurred by
Borrower from existing shareholders of Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Lender (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Lender
entered into between Lender and the other creditor), on terms acceptable to Lender. 
 “Subordination Agreement” means that
certain subordination agreement between Silicon Valley Bank and Lender, as amended by Silicon Valley Bank and Lender from time to time in writing; 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership or other entity of
which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, limited
liability company, partnership or other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, limited liability company, partnership or other entity shall have
or might have voting power by reason of the happening of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such
Person. Unless otherwise specified herein, “Subsidiary” means a Subsidiary of Borrower; 
 “Taxes” means all
taxes, assessments, fees or other charges at any time imposed by any Law or Tribunal, excluding local ad valorem taxes; 

“Term Loan” has the meaning set forth in Section 2.01(a); 

  
 14 

 “Term Loan Commitment” means an amount not to exceed Fifteen Million Four
Hundred Seven Thousand Nine Hundred Forty Five and 21/100 Dollars ($15,407,945.21) at any time; 
 “Term Loan Interest Rate”
means a rate per annum equal to nine and one-half percent (9.50%); 
 “Term Loan Maturity Date” means the earlier of:

  

	 	(a)	October 24, 2017; 

  

	 	(b)	the date on which Lender accelerates repayment of the Secured Obligations upon the occurrence of an Event of Default, provided that for greater certainty, “Maturity Date” in this context means at a time no
later than prior to or contemporaneous with the Event of Default; and 

  

	 	(c)	immediately prior to the consummation of a Change of Control; 

 “Term Loan
Note” has the meaning set forth in Section 2.02(c); 
 “Tribunal” means any state, commonwealth, federal, foreign,
territorial or other court or government body, subdivision, agency, department, commission, board, bureau or instrumentality of a governmental body; 

“UCC” means the Uniform Commercial Code as in effect from time to time in the state of California; and 

“Warrant” means the share purchase warrant of Borrower to purchase up to 591,745 shares of Borrower’s Series D-1
Preferred Stock, in form and substance satisfactory to Lender, issued to Lender pursuant to the terms of Section 7.03. 

Section 1.02 UCC. 
 Any terms
used in this Agreement that are defined in the UCC shall be construed and defined as set forth from time to time in the UCC unless otherwise defined herein. 

Section 1.03 Headings. 
 The
inclusion of headings in this Agreement is for convenience of reference only and shall not affect the construction or interpretation hereof. 

Section 1.04 References to Sections. 

Whenever in this Agreement a particular article, section or other portion thereof is referred to, such reference pertains to the particular article, section or
portion thereof contained herein, unless otherwise indicated. 

  
 15 

 Section 1.05 Currency. 

Except where otherwise expressly provided, all amounts in this Agreement are stated and shall be paid in United States currency. 

Section 1.06 Gender and Number. 

In this Agreement, unless the context otherwise requires, words importing the singular include the plural and vice versa and words importing gender include all
genders. 
 Section 1.07 Invalidity of Provisions. 

Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part
thereof by a court of competent jurisdiction shall not affect the validity or enforceability of any other provision hereof. 

Section 1.08 Amendment or Waiver. 

No amendment or waiver of this Agreement shall be binding unless executed in writing by the party to be bound thereby. No waiver of any provision of this
Agreement shall constitute a waiver of any other provision nor shall any waiver of any provision of this Agreement constitute a continuing waiver unless otherwise expressly provided. 

Section 1.09 Non-Business Days. 

If any date on which any payment is due or any action is required to be taken is not a Business Day, the date for payment or taking such action shall be the
next Business Day following the date specified for such payment or action. 
 Section 1.10 Interest. 

The annual rates of interests or fees to which the rates calculated in accordance herewith are equivalent, are the rates as calculated and multiplied by the
actual number of days in the calendar year in which that calculation is made and divided by 365 or 366, as the case may be. 
 ARTICLE II.

 THE LOANS 

Section 2.01 The Commitments. 
  

	 	(a)	Term Loan. Subject to the terms and conditions of this Agreement, Lender agrees to make one term loan on the Closing Date in the original principal amount of Fifteen Million Four Hundred Seven Thousand Nine
Hundred Forty Five and 21/100 Dollars ($15,407,945.21) at any time (the “Term Loan”). Amounts prepaid or repaid in respect of the Term Loan may not be reborrowed. 

 

	 	(b)	Termination of Commitments. Unless previously terminated pursuant to the terms of this Agreement, Lender’s commitment to make the Term Loan shall automatically terminate on the Closing Date.

  
 16 

 Section 2.02 Loans. 

 

	 	(a)	Minimum Amount. The Term Loan shall be fully funded on the Closing Date. 

  

	 	(b)	Note; Records. The Term Loan shall be evidenced by a single promissory note of Borrower (the “Term Loan Note”) substantially in the form provided to Lender in connection with the Original Loan
Agreement, dated the Closing Date, payable to Lender in a principal amount equal to the Term Loan Commitment. 

Section 2.03 Closing Fee.  

On the Closing Date, Borrower shall pay Lender a fee equal to $97,500 on account of the Term Loan, which fees shall be fully earned when paid (collectively,
the “Closing Fee”). 
 Section 2.04 Payment; Computation. 

All fees payable under this Agreement shall be paid on the dates due, in immediately available U.S. dollars, to Lender. Fees shall be fully earned when paid
and shall not be refundable under any circumstances. 
 Section 2.05 Loan Account.  

Lender shall maintain, in accordance with its usual practice, an account on its books in the name of Borrower (the “Loan Account”) on which
Borrower will be charged with all Loans made by Lender to Borrower or for Borrower’s account and with all other Secured Obligations hereunder or under the other Financing Documents, including, the date, amount and interest rate of each Loan
made to Borrower, accrued interest, fees and expenses, Lender Expenses, and the amount of any sum received by Lender on account of the Secured Obligations. The entries made in Lender’s Records with respect to the Loan Account pursuant to this
Section 2.05 shall be conclusive evidence (absent manifest error) of the existence and amounts of the obligations recorded therein; provided that the failure of Lender to maintain such records or any error therein shall not affect in any manner
the obligations of Borrower to repay the Loans and other Secured Obligations in accordance with this Agreement. 
 ARTICLE III. 

PAYMENTS AND PREPAYMENTS 

Section 3.01 Repayment of Loan. 
  

	 	(a)	Term Loan. Borrower hereby unconditionally promises to pay to Lender the outstanding principal amount of the Term Loan and all accrued but unpaid interest thereon shall mature and be due and payable in full, on
the Term Loan Maturity Date. 

  

	 	(b)	Final Payment. Borrower hereby unconditionally promises to pay to Lender the Final Payment upon the earliest to occur of (i) the Term Loan Maturity Date, (ii) the date that Borrower prepays the Term
Loan, and (iii) the date the Term Loan becomes due and payable. 

  
 17 

 Section 3.02 Interest. 

 

	 	(a)	Term Loan. Borrower hereby unconditionally promises to pay to Lender interest on the unpaid principal amount of the Term Loan for the period from and including the date of such Loan to but excluding the date such
Loan shall be paid in full, at a rate equal to the Term Loan Interest Rate. 

  

	 	(b)	Post-Default Rate. Notwithstanding the foregoing, Borrower acknowledges and agrees that if an Event of Default shall have occurred and be continuing, then at the option of Lender and regardless of whether notice
of such Event of Default has been given, the Term Loan shall bear interest, to the fullest extent permitted by law, at a rate equal to eighteen percent (18%) per annum (the “Post-Default Rate”), until such Event of Default is
cured or waived. Borrower hereby and unconditionally agrees to pay to Lender interest at the Post-Default Rate as specified in this paragraph from time to time on demand. Lender will promptly notify Borrower if Lender exercises its option under this
paragraph; provided, that failure to give such notice shall not affect the validity or effectiveness of such exercise or accrual of interest at the Post-Default Rate. 

 

	 	(c)	Payment. Accrued interest on each Loan shall be payable monthly in arrears on the last Business Day of each month; provided, that (i) accrued interest on the principal amount of any Loan repaid or prepaid
shall be payable on the date of the payment or prepayment thereof, and (ii) interest payable at the Post-Default Rate shall be payable on demand. 

  

	 	(d)	 Maximum Amount. All agreements between Borrower and Lender are hereby expressly limited so that in no contingency or event whatsoever, whether
by reason of acceleration of maturity of the Secured Obligations or otherwise, shall the amount paid or agreed to be paid to Lender for the use or the forbearance of the Secured Obligations exceed the maximum permissible under applicable law. As
used herein, the term “applicable law” shall mean the law of the state of California in effect as of the date hereof; provided, that in the event there is a change in the law which results in a higher permissible rate of interest, then the
Financing Documents shall be governed by such new law as of its effective date. In this regard, it is expressly agreed that it is the intent of Borrower and Lender in the execution, delivery and acceptance of the Financing Documents to contract in
strict compliance with the laws of the state of California from time to time in effect. If, under or from any circumstances whatsoever, fulfillment of any provision of any Financing Document at the time of performance of such provision shall be due,
shall involve transcending the limit of such validity prescribed by applicable law, then the obligation to be fulfilled shall automatically be reduced to the limits of such validity, and if under or from circumstances

  
 18 

	 	
whatsoever Lender should ever receive as interest an amount which would exceed the highest lawful rate, such amount which would be excessive interest shall be applied to the reduction of the
principal balance of the Secured Obligations and to the payment of interest. This provision shall control every other provision of the Financing Documents. 

Section 3.03 Optional Prepayments. 

(a) Term Loan. Borrower shall have the right to prepay some or all of the Term Loan, provided that in connection with any prepayment of
the Term Loan made pursuant to this Section 3.03(a): (A) (i) on or before the first anniversary of the Closing Date, Borrower shall pay to Lender an amount equal to the sum of (x) the interest that would have been otherwise
payable to Lender under the Term Loan until and through the first anniversary of the Closing Date; plus (y) a fee equal to two and one-half percent (2.5%) of the principal amount being prepaid; (ii) after the first anniversary of the
Closing Date, and through the day before the second anniversary of the Closing Date, Borrower shall pay to Lender a fee equal to one and one-half percent (1.5%) of the principal amount being prepaid; and (iii) on and after the second
anniversary of the Closing Date, but before October 24, 2017, Borrower shall pay to Lender a fee equal to one percent (1.0%) of the principal amount being prepaid; (as applicable, the “Prepayment Fee”); and (B) any
prepayment of the Term Loan made pursuant to this Section 3.03(a) shall be in increments of $500,000, or if the remaining outstanding obligations under the Term Loan are less than $500,000, then such lesser amount, unless the Term Loan is being
paid in full. The Prepayment Fee shall be fully earned when paid. Notwithstanding the foregoing, this Section 3.03(a) and the Prepayment Fee shall not apply to any payments required to be made pursuant to Section 3.04(c) by Borrower to
Lender upon a Change of Control or a prepayment promptly following Borrower’s initial public offering. 
 Section 3.04
Mandatory Prepayments. 
  

	 	(a)	Asset Sales. Without limiting the obligation of Borrower to obtain the consent of Lender pursuant to Section 6.12 with respect to any Disposition not otherwise permitted under this Agreement, on or before
three Business Days after the receipt of the Net Available Proceeds from Dispositions not otherwise permitted under this Agreement that aggregate $100,000 or more in any fiscal year, Borrower will (i) deliver to Lender a certificate of a
Responsible Officer, in form and substance reasonably satisfactory to Lender, containing a statement of the amounts of the cash and non-cash portions of the Net Available Proceeds of such Disposition and (ii) prepay the Loans in an aggregate
amount equal to 100% of the cash portion (not the non-cash portion) of the Net Available Proceeds of such Dispositions. 

  

	 	(b)	 Insurance Proceeds. On or before the date 120 days after the receipt by Borrower of the proceeds of any insurance, condemnation award or other
compensation in respect of any Casualty Event (or upon such earlier date as Borrower shall have determined not to repair or replace the property affected by the Casualty Event), to the extent that Borrower has not utilized such proceeds to repair or
replace the property affected by such Casualty Event, Borrower shall prepay the Loans in an aggregate amount equal to 100% of the Net Available Proceeds of such Casualty Event, less any amounts used to repair or replace the property affected by such

  
 19 

	 	
Casualty Event. Nothing in this paragraph shall be deemed to limit any obligation of Borrower pursuant to any Financing Document to remit to a collateral or similar account maintained by Lender
the proceeds of any insurance, condemnation award or other compensation in respect of any Casualty Event. 

  

	 	(c)	Change in Control. As a condition to closing any Change in Control, Borrower shall forthwith prepay the Loans in full, together with accrued and unpaid interest thereon, and all other amounts payable under this
Agreement, and Term Loan Commitment shall be automatically reduced to zero. Without limiting the foregoing, and for avoidance of doubt, the Prepayment Fee set forth in Section 3.03(a) shall not be payable upon a Change in Control.

 Section 3.05 Application.  

Except as otherwise provided in this Agreement, prepayments pursuant to this Article III shall be applied as follows: 

 

	 	(a)	First, to prepay any Lender Expenses; 

  

	 	(b)	Second, accrued but unpaid interest, prepayment fees and the principal amount of the Term Loan; 

  

	 	(c)	Third, the payment in full in cash of all other Secured Obligations; and 

  

	 	(d)	Fourth, the remainder (if any), to Borrower or as a court of competent jurisdiction may direct. 

Section 3.06 Notice of Prepayments.  

Borrower shall notify Lender by telephone, confirmed by facsimile, of any prepayment under this Article III not later than 1:00 p.m. Toronto, Ontario time
three (3) Business Days before the proposed date of prepayment. Each such notice shall be irrevocable (unless, if Lender so consents in its reasonable discretion, such notice is a notice of a prepayment which is contingent on the consummation
of another transaction) and shall specify the prepayment date, the principal amount of each Loan or part thereof to be prepaid and (for a mandatory prepayment) a reasonably detailed calculation of the amount of such prepayment. All prepayments shall
be made together with accrued interest and amounts, if any, required by Section 3.03. 
 Section 3.07 Payments
Generally. 
  

	 	(a)	 Payments by Borrower. Except to the extent otherwise provided herein or in any other Financing Document, all payments to be made by Borrower
shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except to the extent otherwise provided herein or in any other Financing Document, Borrower shall make all payments of principal, interest and other
amounts to be made by Borrower under the Financing Documents in immediately available funds, without deduction, withholding, set-off or counterclaim, to Lender at Lender’s Account (except as otherwise expressly provided in this

  
 20 

	 	
Agreement), prior to 1:00 p.m. Toronto, Ontario time on the date when due. Any amounts received after such time on any date may, in the discretion of Lender, be deemed to have been received on
the next succeeding Business Day for purposes of calculating interest thereon. All amounts owing under any Financing Document are payable in U.S. dollars. Except to the extent otherwise provided herein, if any payment under any Financing Document
shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and interest thereon shall be payable for the period of such extension. 

 

	 	(b)	Withholding Tax Matters. 

  

	 	(i)	Any and all payments by Borrower to or for the account of Lender hereunder or under any other Financing Document shall be made free and clear of and without deduction for any and all present or future taxes, levies,
imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding (A) taxes imposed on Lender’s overall net income, franchise taxes imposed on it in lieu of net income taxes, and branch profits taxes, in
each case imposed by the jurisdiction under the laws of which Lender is organized, in which its principal office or applicable lending office is located, or with which it has a present or former connection (other than any connection arising solely
from having executed, delivered, performed its obligations or received payment under, or enforced this Agreement), and any political subdivision of any of the foregoing, (B) U.S. withholding taxes applicable to Lender (and only at the rate in
effect) at the time such Lender first becomes a party to this Agreement, and (C) any taxes imposed pursuant to FATCA, (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect of payments
hereunder or under any other Financing Document being hereinafter referred to as “Indemnified Taxes”). If Borrower shall be required by law to deduct any Indemnified Taxes from or in respect of any sum payable hereunder or
under any Financing Documents, (i) the sum payable shall be increased as necessary so that after making all required deductions for Indemnified Taxes (including such deductions for Indemnified Taxes applicable to additional sums payable under
this Section 3.07(b)) Lender receives an amount equal to the sum it would have received had no such deductions for Indemnified Taxes been made, and (ii) Borrower shall make any required deductions and pay the full amount deducted to the
relevant taxation or other authority in accordance with applicable law. For avoidance of doubt, this section shall not apply to payments on or under the Warrants. 

 

	 	(ii)	In addition, Borrower shall pay any stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or under any other Financing Document or from
the execution, delivery or registration of, performing under, or otherwise with respect to, this Agreement or any other Financing Document (hereinafter referred to as “Other Taxes”). 

  
 21 

	 	(iii)	Borrower shall indemnify Lender for and hold it harmless against the full amount of Indemnified Taxes or Other Taxes imposed on or paid by Lender and any liability (including penalties, interest and expenses) arising
therefrom or with respect thereto. This indemnification shall be made within 30 days from the date Lender makes written demand therefor. 

  

	 	(iv)	Within 30 days after the date of any payment of any Indemnified Taxes, Other Taxes, or taxes described in clauses (B) and (C) of subsection (b)(i) of this Section, Borrower shall furnish to Lender the original
or a certified copy of a receipt evidencing such payment to the extent such a receipt is issued therefor, or other written proof of payment thereof that is reasonably satisfactory to Lender. 

 

	 	(v)	 On or prior to the date it becomes a party to this Agreement, and from time to time thereafter as required by law or reasonably requested in writing
by Borrower (but only so long as Lender remains lawfully able to do so), Lender shall provide Borrower with such documents and forms as prescribed by the Internal Revenue Service (“IRS”) in order to certify that payments to Lender
are exempt from or entitled to a reduced rate of U.S. federal withholding tax on payments pursuant to this Agreement or any other Financing Document. For the avoidance of doubt, if the documents and forms provided by Lender at the time Lender first
becomes a party to this agreement indicate a U.S. federal withholding tax rate on payments to Lender in excess of zero, withholding tax at such rate shall be considered excluded from Indemnified Taxes unless and until Lender provides the appropriate
forms certifying that a lesser rate applies, whereupon withholding tax at such lesser rate only shall be considered excluded from Indemnified Taxes for periods governed by such form. Without limiting the generality of the foregoing, Lender has
elected to be classified as an association taxable as a corporation for U.S. federal income tax purposes, and it therefore will provide, as applicable, any of the following forms: (A) if Lender is claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code both (1) IRS Form W-8BEN and (2) a certificate to the effect that Lender is not (i) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (ii) a
“10 percent shareholder” of Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (iii) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, (B) if Lender is a
beneficial owner (for purposes of the applicable income tax treaty) claiming the benefits of an income tax treaty to which the United States is a party, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax
pursuant to the “interest” article of such tax treaty and if Lender is not the beneficial owner (for purposes of the applicable income tax treaty), on behalf of such beneficial owner claiming the benefits of an income tax

  
 22 

	 	
treaty to which the United States is a party, IRS Form W-8BEN for each such beneficial owner and an IRS Form W-8IMY from Lender; (C) if Lender is a
Person for whom payments under this Agreement constitute income that is effectively connected with such a beneficial owner’s conduct of a trade or business in the United States, IRS Form W-8ECI; and
(D) in the case of a Lender that is U.S. person within the meaning of Section 7701 of the Internal Revenue Code, IRS Form W-9 certifying that such beneficial owner is exempt from U.S. Federal backup withholding tax. If a payment made to
Lender under this Agreement would be subject to U.S. federal withholding tax imposed by FATCA if Lender were to fail to comply with the applicable reporting requirements of FATCA, Lender shall (but only so long as Lender remains lawfully able to do
so) deliver to Borrower, at the time or times prescribed by law or reasonably requested in writing by Borrower, such documentation prescribed by applicable law or reasonably requested in writing by Borrower as may be necessary for Borrower to comply
with its obligations under FATCA, to determine that Lender has complied with its obligations under FATCA, or to determine the amount to deduct and withhold from such payment. Solely for purposes of the preceding sentence, FATCA shall include all
amendments to FATCA after the date of this Agreement. 

  

	 	(vi)	If Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by Borrower or with respect to which Borrower has paid additional
amounts pursuant to this Section, Lender shall pay to Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by Borrower under this Section with respect to the taxes giving rise to
such refund), net of all out-of-pocket expenses incurred by Lender, and without interest (other than any interest paid by the relevant taxing authority with respect to such refund), provided that Borrower, upon the request of Lender, agrees to repay
the amount paid over to Borrower (plus any penalties, interest or other charges imposed by the relevant taxing authority) to Lender in the event Lender is required to repay such refund to such taxing authority. This clause (vi) shall not be
construed to require Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to Borrower or any other Person. 

ARTICLE IV. 
 SECURITY

 Section 4.01 Security in favor of Lender.  

(a) Security Interest in Collateral. As collateral security for the due and punctual payment in full when due (whether at stated
maturity, by acceleration or otherwise) of the Secured Obligations, Borrower hereby pledges and grants to Lender a lien on and continuing security interest in all of Borrower’s right, title and interest in and to all of the following property,
whether now owned or existing or hereafter acquired or arising (all being collectively referred to herein as “Collateral”): 
  

	 	(i)	Investment Property; 

  
 23 

	 	(ii)	Goods; 

  

	 	(iii)	Equipment; 

  

	 	(iv)	Inventory; 

  

	 	(v)	Instruments (including, without limitation, promissory notes); 

  

	 	(vi)	Accounts; 

  

	 	(vii)	Documents; 

  

	 	(viii)	Chattel Paper (whether tangible or electronic); 

  

	 	(ix)	DDAs; 

  

	 	(x)	Fixtures; 

  

	 	(xi)	Letters-of-Credit, Letter-of-Credit Rights and Support Obligations; 

  

	 	(xii)	the Commercial Tort Claims set forth on Exhibit IV(xii) hereto; 

  

	 	(xiii)	General Intangibles (including, without limitation, payment intangibles and Intellectual Property Collateral (as defined below), but excluding insurance proceeds relating to cargo insurance and workers’
compensation); 

  

	 	(xiv)	all of Borrower’s other tangible and intangible personal property and fixtures (but none of its obligations with respect thereto) of every kind and nature; and 

 

	 	(xv)	any and all additions, accessions and attachments to any of the foregoing and any substitutions, replacements, proceeds (including, without limitation, insurance proceeds), products and supporting obligations of the
foregoing. 

 Notwithstanding the foregoing, the Collateral shall not be deemed to include any of the following: (a) any equipment or
other property financed by a third party and subject to a lien described in (e) of the definition of Permitted Encumbrances to the extent that the security interest is prohibited by any law or regulation or the terms of the agreements governing
such financing, provided that upon cessation of any such restriction or prohibition, such property shall automatically become part of the Collateral; or (b) more than 65% of the presently existing and hereafter arising issued and outstanding
shares of capital stock owned by Borrower of any Foreign Subsidiary which shares entitle the holder thereof to vote for directors or any other 

  
 24 

 
matters; or (c) “intent-to-use” trademarks at all times prior to the first use thereof, whether by the actual use thereof in commerce, the recording of a statement of use with the
United States Patent and Trademark Office or otherwise, but only to the extent the granting of a security interest in such “intent-to-use” trademarks would be contrary to applicable law. 

Section 4.02 Control of Collateral. 

If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of Borrower in which the perfection or
priority of Lender’s security interest is dependent upon Lender’s gaining control of such Collateral, Borrower shall immediately notify Lender, and, at Lender’s request, deliver appropriate Control Agreements or take such actions as
may be necessary to give Lender control over such Collateral as provided in the UCC. 
 Section 4.03 Possession of Collateral.
 
 If from time to time any Collateral, including any proceeds, is evidenced by or consists of letters of credit, Instruments, Documents, Goods
covered by Documents, Investment Property or Chattel Paper, and if perfection or priority of Lender’s security interest in such Collateral requires possession, Borrower, immediately upon the request of Lender, shall endorse and deliver physical
possession of such Collateral to Lender. 
 Section 4.04 Collection of Accounts, General Intangibles, and Negotiable Collateral.
 
 At any time after the occurrence and during the continuation of an Event of Default, Lender or Lender’s designee may (a) notify Account
Debtors of Borrower that the Accounts, Chattel Paper, or General Intangibles have been assigned to Lender and/or that Lender has a security interest therein, or (b) collect the Accounts, Chattel Paper, or General Intangibles directly and charge
the collection costs and expenses to Borrower. At any time after the occurrence and during the continuation of an Event of Default, Borrower agrees that it will hold in trust for Lender, as Lender’s trustee, any Collections that it receives and
upon request of Lender immediately will deliver said Collections to Lender in their original form as received by Borrower. 

Section 4.05 Delivery of Additional Documentation Required.  

At any time upon the written request of Lender, Borrower shall execute and deliver to Lender, any and all financing statements (including, without limitation,
any amendments thereto and any “in lieu” continuation statements), security agreements, pledges, assignments for security, endorsements of certificates of title, bailee acknowledgments and all other documents (the “Additional
Documents”) that Lender may request in its sole discretion, each in form and substance satisfactory to Lender, to perfect and continue perfected or to better perfect Lender’s Liens in the Collateral (whether now owned or hereafter
arising or acquired), to create and perfect Liens in favor of Lender in any real property acquired after the Closing Date in which Borrower has a fee interest, and in order to fully consummate all of the transactions contemplated hereby and under
the other Financing Documents. To the maximum extent permitted by applicable law, Borrower authorizes Lender to execute any such Additional Documents in Borrower’s name and authorizes Lender to file such executed Additional Documents in any
appropriate filing office. Without limiting the foregoing, Borrower shall (a) 

  
 25 

 
give Lender prompt written notice of any Commercial Tort Claim of Borrower not specifically identified herein and any rights of Borrower as a beneficiary under any Letter of Credit. Borrower
shall grant to Lender a security interest in any such Commercial Tort Claim or rights of Borrower as a beneficiary under any Letter of Credit and the proceeds thereof, and (b) on such periodic basis as Lender shall require, (i) provide
Lender with a report of all new patent applications, copyright registrations or trademark applications acquired or generated by Borrower during the prior period, (ii) cause all patents, copyrights, and trademarks acquired or generated by
Borrower that are not already the subject of a registration with the appropriate filing office (or an application therefor diligently prosecuted) to be registered with such appropriate filing office in a manner sufficient to impart constructive
notice of Borrower’s ownership thereof, (iii) cause to be prepared, executed, and delivered to Lender supplemental schedules to the applicable Financing Documents to identify such patents, copyrights and trademarks as being subject to the
security interests created thereunder, and (iv) execute and deliver to Lender at Lender’s request patent, trademark or copyright security agreements with respect to such patents, trademarks or copyrights for filing with the appropriate
filing office. 
 Section 4.06 Power of Attorney.  

Borrower hereby irrevocably makes, constitutes, and appoints Lender (and any of Lender’s officers, employees, or agents designated by Lender) as
Borrower’s true and lawful attorney, with power to (a) if Borrower refuses to, or fails timely to execute and deliver any of the documents described in Section 4.05, sign the name of Borrower on any of the documents described in
Section 4.05, (b) at any time that an Event of Default has occurred and is continuing, sign Borrower’s name on any invoice or bill of lading relating to the Collateral, drafts against Account Debtors, or notices to Account Debtors,
(c) send requests for verification of Accounts, (d) endorse Borrower’s name on any Collection item that may come into Lender’s possession, (e) at any time that an Event of Default has occurred and is continuing, make,
settle, and adjust all claims under Borrower’s policies of insurance and make all determinations and decisions with respect to such policies of insurance, and (f) at any time that an Event of Default has occurred and is continuing, settle
and adjust disputes and claims respecting the Accounts, Chattel Paper, or General Intangibles directly with Account Debtors, for amounts and upon terms that Lender determines to be reasonable, and Lender may cause to be executed and delivered any
documents and releases that Lender determines to be necessary. The appointment of Lender as Borrower’s attorney, and each and every one of its rights and powers, being coupled with an interest, is irrevocable until all of the Secured
Obligations (other than inchoate indemnity obligations) have been fully and finally repaid and performed and Lender’s obligations to extend credit hereunder are terminated. 

  
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 Section 4.07 Right to Inspect.  

Lender (through any of its officers, employees, or agents) shall have the right, from time to time hereafter, at reasonable times and upon reasonable notice,
during business hours, to inspect the Books and to check, test, and appraise the Collateral in order to verify Borrower’s financial condition or the amount, quality, value, condition of, or any other matter relating to, the Collateral. Lender
shall provide Borrower with copies of all final appraisals and final reports produced in connection with such inspections and appraisals. Without limiting the generality of the foregoing: 

 

	 	(a)	Lender may from time to time obtain or conduct (in all events, at Borrower’s expense) appraisals conducted by such appraisers as are satisfactory to Lender; and 

 

	 	(b)	Lender may from time to time conduct commercial finance audits of Borrower’s Books. Borrower shall pay to Lender audit fees in connection with each such audit in an amount equal to Lender’s customary per diem
charges therefore plus usual and customary out-of-pocket expenses for internal auditors, and the usual and customary fees and charges (including out-of-pocket expenses) of external auditors. 

Notwithstanding anything in this Section 4.07, absent an Event of Default existing, Lender shall only have the right to conduct (i) one appraisal or
inspection per calendar year and (ii) one commercial finance audit per calendar year, unless Borrower otherwise consents to such additional appraisals or inspections or commercial finance audit. 

Section 4.08 Control Agreements.  

Borrower may not maintain any Deposit Account and Securities Account that is not subject to a Control Agreement. No Control Agreement shall be modified by
Borrower without the prior written consent of Lender. Upon the occurrence and during the continuance of an Event of Default, Lender may notify any financial intermediary or securities intermediary pursuant to the terms of the applicable Control
Agreement to liquidate the Deposit Account and/or Securities Account, as applicable, or any related Investment Property maintained or held thereby and remit the proceeds thereof to Lender. 

ARTICLE V. 

REPRESENTATIONS AND WARRANTIES OF BORROWER 

Borrower represents, warrants and covenants to and with Lender that: 

Section 5.01 Incorporation and Status.  

Each of Borrower and its Subsidiaries is duly incorporated and organized, and is validly existing under its jurisdiction of organization. Each of Borrower and
its Subsidiaries is duly registered, licensed or qualified as a foreign corporation, and is up to date in the filing of all corporate and similar returns under the laws of those jurisdictions where it operates and where failure to be so registered,
licensed, qualified or up to date would have a Material Adverse Effect on it. 
 Section 5.02 Subsidiaries.  

Except for Subsidiaries otherwise permitted to be acquired or created pursuant to Section 6.12, all of Borrower’s Subsidiaries are set forth on
Schedule 5.02(a) to the Disclosure Letter. Each of the Subsidiaries is, directly or indirectly, wholly-owned by Borrower. Schedule 5.02(b) to the Disclosure Letter sets forth, as of the Closing Date, each of Borrower’s Subsidiaries that is
inactive or dormant (the “Inactive Subsidiaries”) and sets forth thereon the value of any assets and revenue of each such Subsidiary. Borrower further represents that none of such Inactive Subsidiaries holds any customer contracts or
Intellectual Property. Schedule 5.02(c) to the 

  
 27 

 
Disclosure Letter sets forth, as of the Closing Date, each of Borrower’s Subsidiaries that is not a Guarantor hereunder (other than any Inactive Subsidiary from which Lender has not required
a guaranty), including each of the Excluded Subsidiaries, and sets forth thereon the assets and revenues of each such Subsidiary as a percentage of the assets and revenues of Borrower and all Subsidiaries on a consolidated basis. Furthermore,
Borrower represents that none of such Excluded Subsidiaries holds any Intellectual Property. 
 Section 5.03 Corporate Power and Due
Authorization.  
 Borrower has the corporate power and capacity to enter into, and to perform its obligations under this Agreement and the
Financing Documents. Each of this Agreement and the Financing Documents has been duly authorized, executed and delivered by Borrower (including, without limitation, receipt of all requisite director and shareholder approvals) and is a valid and
binding obligation of Borrower enforceable in accordance with its terms, subject to the usual exceptions as to bankruptcy and the availability of equitable remedies. 

Section 5.04 Business of Borrower.  

Each of Borrower and its Subsidiaries has the corporate power and capacity to own, lease or license its assets and to carry on its business.
Borrower’s domicile and principal place of business and the place where it keeps its books and records is located at Xactly Corporation, 225 West Santa Clara Street, Suite 1200, San Jose, CA 95113 or such other location as Borrower gives
Lender written notice. 
 Section 5.05 No Contravention.  

Neither the entering into and performing under this Agreement or the Financing Documents or the performance by Borrower of any of its other obligations
hereunder or thereunder will contravene, breach, result in any default or result in any acceleration, bonus or benefit to any other party under the certificate of incorporation, by-laws, or other organizational documents of Borrower or under any
mortgage, lease, license agreement, contract, agreement, other legally binding instrument, license, permit, statute, regulation, order, judgment, decree or law to which it is a party or by which it may be bound. 

Section 5.06 Not Insolvent.  

The fair value of the property of Borrower and its Subsidiaries is greater than the amount of Borrower’s liabilities (including disputed, contingent and
unliquidated liabilities) as such value is established and liabilities evaluated for purposes of Section 101(32) of the Bankruptcy Code. The present fair salable value of the property of Borrower and its Subsidiaries in an orderly liquidation
of Borrower and its Subsidiaries is not less than the amount that will be required to pay the probable liability of Borrower and its Subsidiaries (to the extent Borrower has liability for any debts of any such Subsidiaries) on their respective debts
as they become absolute and matured. Borrower is able to realize upon its property and pay its debts and other liabilities (including disputed, contingent and unliquidated liabilities) as they mature in the normal course of business. Borrower does
not intend to, and does not believe that it will, incur debts or liabilities beyond Borrower’s ability to pay as such debts and liabilities mature. Borrower is not engaged in business or a transaction, and is not about to engage in business or
a transaction, for 

  
 28 

 
which Borrower’s property would constitute unreasonably small capital. None of Borrower, any creditor of Borrower or any other Person has instituted any proceeding or taken any corporate
action or executed any agreement in connection with the commencement of any proceeding: 
  

	 	(i)	seeking to adjudicate Borrower or any Subsidiary a bankrupt or insolvent; 

  

	 	(ii)	seeking liquidation, dissolution, winding-up, reorganization, arrangement, protection, relief or composition of Borrower or any material part of its property or debt, or making a proposal with respect to Borrower under
any law relating to bankruptcy, insolvency, reorganization or compromise of debts or other similar laws; or 

  

	 	(iii)	seeking appointment of a receiver, trustee, agent, custodian or other similar official for Borrower or for any material part of its properties and assets. 

Section 5.07 Approvals and Consents.  

No authorization, consent or approval of, or filing with or notice to (other than filings and notices as required to perfect the security interests granted
herein), any governmental agency, regulatory body, court or other person is required in connection with the execution, delivery or performance and compliance with the terms of this Agreement and the Financing Documents nor will such performance and
compliance contravene any statute, rule or regulation binding on Borrower. 
 Section 5.08 ERISA.  

No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Accounting
Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $100,000 the fair market value of the assets of such Plan, and the present value of all accumulated benefit
obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than
$100,000 the fair market value of the assets of all such underfunded Plans. 
 Section 5.09 As to Certain Contracts In and Out of
the Ordinary Course.  
 Except as set forth on Schedule 5.09 to the Disclosure Letter, neither Borrower nor any of its Subsidiaries is a party to
nor is bound by any contract, agreement or commitment that materially adversely affects or could reasonably be expected to materially adversely affect Borrower’s business or its financial condition or any of its assets. Additionally, during the
period from the quarter ending January 31, 2014 through the Closing Date neither Borrower nor any Subsidiary has (except as set forth on Schedule 5.09 to the Disclosure Letter): 

 

	 	(i)	other than in the ordinary course and consistent with past practices of Borrower, sold, transferred or otherwise disposed of, or created, assumed or permitted any encumbrance on or in respect of, its property or assets
or any part thereof; 

  
 29 

	 	(ii)	incurred, assumed or become subject to any material liability except in the ordinary course of business; 

  

	 	(iii)	amended its certificate of incorporation, by-laws or other governing documents other than changing the applicable corporation’s name; and 

 

	 	(iv)	conducted its business, in all material respects, other than in the ordinary course; 

  

	 	(v)	cancelled or released any debts or claims or waived or surrendered any rights which, in the aggregate, are material; or 

  

	 	(vi)	except as described in Borrower’s financial statements, made any change in its accounting principles and practices as theretofore applied including, without limitation, the basis upon which its assets and
liabilities are recorded on its books and its earnings, profits and losses are ascertained. 

 Section 5.10 No Default
Under Agreements.  
 Except as set forth on Schedule 5.10 to the Disclosure Letter, none of Borrower or the Subsidiaries is in default or breach
under any term or provision of its organizational documents, by-laws or resolutions or of any material term or provision of any contract, agreement, lease or other instrument to which it is a party, and there exists no state of facts that after
notice or the passage of time, or both, would constitute such a default or breach, under such contract, agreement, lease or other instrument, which default or breach has had or could reasonably be expected to have a Material Adverse Effect on
Borrower, and all such contracts, agreements, leases and other instruments are now in good standing in all material respects, and Borrower or its Subsidiary, as the case may be, is entitled to all benefits, rights and privileges thereunder, in each
case, except to the extent the failure to do so could have not had or could not reasonably be expected to have a Material Adverse Effect on Borrower. 

Section 5.11 Title to Assets.  

Borrower and its Subsidiaries are the absolute beneficial owners of and have good and indefeasible marketable title, free of all charges except for Permitted
Encumbrances, to all of its Property, including, without limitation, the Collateral. 
 Section 5.12 Financial Matters. 

 Except as set forth on Schedule 5.12 to the Disclosure Letter, the audited consolidated financial statements of Borrower and notes thereto as at and
for the year ended January 31, 2014 present fairly in all material respects the consolidated financial position of Borrower as at the dates indicated and the results of its operations and changes in its financial position for the periods

  
 30 

 
specified and reflect all material liabilities (absolute, accrued, contingent or otherwise) of Borrower as of the dates thereof and such financial statements have been prepared in conformity with
GAAP applied in a consistent basis, except as otherwise stated therein. There has been no material adverse change in the business, operations, or condition of Borrower, financial or otherwise since the date of such audited financial statements. 

Section 5.13 Commercial Relationships.  

Each of Borrower and its Subsidiaries is in compliance with all material obligations under or related to its relationships with its five largest suppliers and
twenty largest customers by revenue for the year ended January 31, 2014, and none of such parties has terminated, significantly reduced or communicated any intention to terminate or significantly reduce its relationship with Borrower or its
Subsidiaries. 
 Section 5.14 Environmental Matters.  

Except as set forth on Schedule 5.14 to the Disclosure Letter, (a) none of Borrower’s or its Subsidiaries’ assets has ever been used by
Borrower or Subsidiary or by previous owners or operators in the disposal of, or to produce, store, handle, treat, release, or transport, any Hazardous Materials, where such production, storage, handling, treatment, release or transport was in
violation, in any material respect, of applicable Environmental Law, (b) to Borrower’s knowledge, none of Borrower’s properties or assets has ever been designated or identified in any manner pursuant to any environmental protection
statute as a Hazardous Materials disposal site, (c) Borrower has not received notice that a Lien arising under any Environmental Law has attached to any revenues or to any Property owned or operated by Borrower, and (d) Borrower has not
received a summons, citation, notice, or directive from the Environmental Protection Agency or any other federal or state governmental agency concerning any action or omission by Borrower resulting in the releasing or disposing of Hazardous
Materials into the environment. As used herein, “Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any applicable laws or regulations as “hazardous
substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious properties such as ignitability,
corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters, and other
wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any flammable substances or explosives or any radioactive materials, and (d) asbestos in any form or electrical
equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million. 

Section 5.15 Assets in Good Condition.  

All the material physical assets of Borrower and the Subsidiaries are in good operating condition and in a state of good maintenance and repair subject to the
usual wear and tear for assets of that age. 

  
 31 

 Section 5.16 Licenses and Agreements.  

Each of the material licenses and agreements to which Borrower and the Subsidiaries are a party is in good standing and in full force and effect, and neither
Borrower nor any of the Subsidiaries nor, to the best of the knowledge, information and belief of Borrower, after due inquiry, any other party thereto, is in breach of any material covenants, conditions or obligations contained therein. 

Section 5.17 Tax Matters.  

Other than with respect to Taxes which in the aggregate do not at any time exceed $50,000 or as set forth in Schedule 5.17 to the Disclosure Letter, Borrower
and each of its Subsidiaries has filed all federal, state and other income Tax returns which are required to be filed, and has paid all Taxes as shown on said returns, as well as all other Taxes to the extent that they have become due. Other than
with respect to deferred payments on contested Taxes which Borrower (i) in good faith contests the obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, and (ii) with respect to amounts in
excess of $250,000 or as set forth in Schedule 5.17 to the Disclosure Letter, Borrower notifies Lender of the commencement of and any material developments, and (iii) posts bonds or takes under steps required to prevent levying such contested
taxes from obtaining a Lien on any of the Collateral (other than Permitted Liens), all Tax liabilities of Borrower are adequately provided for on Borrower’s books, including interest and penalties. No income Tax liability of a material nature
has been asserted by taxing authorities for Taxes in excess of those already paid, and no taxing authority has notified Borrower or any Subsidiary of any material deficiency in any federal, state and other income Tax returns. 

Section 5.18 Insurance.  
 All
physical assets of Borrower and the Subsidiaries are covered by insurance which is with responsible insurers against such risks and in such amounts as are reasonable for prudent owners of comparable assets. Borrower is not in default with respect to
any of the material provisions contained in any current insurance policy nor has it failed to give any notice or pay any premium or present any unsettled claim under any current insurance policy in a due and timely fashion. 

Section 5.19 Intellectual Property.  

Borrower owns or possesses all Intellectual Property without any known conflict with, or infringement of, the rights of others. To the best of Borrower’s
knowledge, no product or service marketed or sold (or proposed to be marketed or sold) by Borrower violates or will violate any license or infringes or will infringe any intellectual property rights of any other party. Other than with respect to
customer licenses entered in the ordinary course of business, inbound OEM licenses or encumbrances under this Agreement or as set forth in Schedule 5.19 to the Disclosure Letter (as updated pursuant to the terms of this Agreement), there are no
outstanding options, licenses, agreements, claims, encumbrances or shared ownership interests of any kind relating to the Intellectual Property owned by Borrower. Other than commercially available software products under standard end-user object
code license agreements, inbound OEM licenses or as set forth in Schedule 5.19 to the Disclosure Letter (as updated pursuant to the terms of this Agreement), Borrower is not bound by or a party to any options, licenses or agreements of any kind with
respect to the patents, trademarks, service marks, trade names, copyrights, trade 

  
 32 

 
secrets, licenses, information, proprietary rights and processes of any other Person. Except as disclosed in Schedule 5.19 to the Disclosure Letter (as updated pursuant to the terms of this
Agreement), Borrower has not received any communications alleging that Borrower has violated or, by conducting its business, would violate any of the patents, trademarks, service marks, tradenames, copyrights, trade secrets, mask works or other
proprietary rights or processes of any other Person where the alleged violation could reasonably be expected to have a Material Adverse Effect. Borrower has obtained and possesses valid licenses to use all of the software programs present on the
computers and other software-enabled electronic devices that it owns or leases or that it has otherwise provided to its employees for their use in connection with Borrower’s business. It will not be necessary to use any inventions of any of
Borrower’s employees or consultants (or Persons it currently intends to hire) made prior to their employment by Borrower and which have not been assigned to Borrower. Each employee and consultant has assigned to Borrower all intellectual
property rights he or she owns that are related to Borrower’s business as now conducted and as presently proposed to be conducted. Schedule 5.19 to the Disclosure Letter (as updated pursuant to the terms of this Agreement) lists all registered
Intellectual Property other than trade secrets. Except as disclosed in Schedule 5.19, Borrower has not embedded any open source, copyright or community source code in any of its products generally available or in development, including but not
limited to any libraries or code licensed under any General Public License, Lesser General Public License or similar license arrangement, in each case, which requires Borrower to license such product to third parties. 

Section 5.20 Permits, Registrations and Elections.  

Borrower and the Subsidiaries hold all permits, licenses, approvals, consents, authorizations, registrations, certificates and franchises of
governmental agencies or regulatory bodies required to own its properties and assets and to carry on its business (collectively, the “Permits”) except where the failure to hold such Permits would not have a Material Adverse Effect
on Borrower. All the Permits are in full force and effect; Borrower and the Subsidiaries are in compliance in all material respects with all the terms and conditions relating to the Permits; and there are no proceedings in progress, pending or, to
the best of the knowledge, information and belief of Borrower, after due inquiry, threatened that may result in revocation, cancellation, suspension, rescission or any adverse modification of any of the Permits nor, to the best of the knowledge,
information and belief of Borrower, after due inquiry, are there any facts upon which proceedings could reasonably be based. Schedule 5.20 to the Disclosure Letter contains a complete list of all of the Permits. 

Section 5.21 Compliance with Laws and Litigation. 
  

	 	(i)	Borrower and each of its Subsidiaries is conducting its business in compliance with all applicable Laws of each jurisdiction in which its business is carried on, except where the failure to be in such compliance would
not reasonably be expected to have a Material Adverse Effect on Borrower; 

  

	 	(ii)	 There is no court, administrative, regulatory or similar proceeding (whether civil, quasi-criminal or criminal); arbitration or other dispute
settlement procedure; investigation or enquiry by any governmental, 

  
 33 

	 	
administrative, regulatory or similar body; or any similar matter or proceeding (collectively, “Proceedings”) against or involving Borrower, its Subsidiaries or any of their
officers or directors (whether in progress, pending or, to the best of the knowledge, information and belief of Borrower after due inquiry, threatened) that would reasonably be expected to have a Material Adverse Effect; no event has occurred that
might give rise to any such Proceedings and Borrower is not aware of any existing grounds on which such Proceedings might be commenced and there is no judgment, decree, injunction, rule, award or order of any court, government department, board,
commission, agency, arbitrator or similar body outstanding against Borrower, officers, directors or its Subsidiaries. 

Section 5.22 Material Facts Disclosed.  

None of the statements, documents, certificates or other items prepared or supplied by Borrower with respect to the transactions contemplated hereby, when
taken together with all such statements, documents, certificates or other items prepared or supplied by Borrower with respect to the transactions contemplated hereby, contains an untrue statement of a material fact, or fails to disclose a fact that
is necessary to be made in order for such material statements not to be misleading (it being recognized by Lender that projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as facts and
that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results). 

Section 5.23 No Rights to Acquire Assets.  

No person has any agreement or option or right or privilege (whether pre-emptive or contractual) capable of becoming an agreement for the purchase of any
assets of Borrower or the Subsidiaries other than in the ordinary course of business. 
 Section 5.24 No Rights to Provide Financial
Advisory Services.  
 As of the Closing Date, except as set forth in Schedule 5.24 to the Disclosure Letter hereof, no person has any agreement
or option, or right or privilege (whether pre-emptive or contractual) capable of becoming an agreement for the provision of financial advisory services to Borrower. 

Section 5.25 Indebtedness.  

Neither Borrower nor any of its Subsidiaries has any Indebtedness or other direct or contingent Indebtedness other than Permitted Indebtedness. 

Section 5.26 [Intentionally omitted.].  

Section 5.27 Location of Assets.  

There is no location at which Borrower or any Subsidiary has any assets (except for inventory or products in transit or movable Equipment (such as phones) with
di minimus value temporarily located with contractors or employees) other than those locations listed on Schedule 5.27 to the 

  
 34 

 
Disclosure Letter. Schedule 5.27 to the Disclosure Letter contains a true, correct and complete list, as of the date hereof, of each place of business of Borrower and each Subsidiary and the
chief executive office of Borrower and each Subsidiary. 
 Section 5.28 Predecessors.  

As of the Closing Date, Schedule 5.28 to the Disclosure Letter contains a list of all corporations, predecessors, subsidiaries and other legal entities
(a) which have been wound up into or amalgamated with Borrower or (b) from which Borrower has purchased assets (other than in the ordinary course of business) during the past ten year period ending on the Closing Date. 

Section 5.29 Minute Books.  

As of the Closing Date, the minute books, stock certificate books and stock transfer ledgers of Borrower and its Subsidiaries are true, correct, complete and
up-to-date and contain the minutes of all meetings, and all resolutions, of the board of directors thereof (and all committees thereof) and shareholders thereof, except that minutes of the five most recent meetings of the directors may not be
included or may be included in such minute books in draft form. 
 Section 5.30 Use of Proceeds; Margin Stock.  

The proceeds of the Loans will be used solely as provided in this Agreement, and none of such proceeds will be used (i) for the purpose of purchasing or
carrying any “margin stock” as defined in Regulations T, U or X of the Board of Governors of the Federal Reserve System (12 C.F.R. Parts 220, 221 and 224), (ii) for the purpose of maintaining, reducing or retiring any indebtedness
which was originally incurred to purchase or carry a “margin stock,” or (iii) for any other purpose which might constitute this transaction a “purpose credit” within the meaning of Regulations T, U or X. Borrower is not
engaged in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying “margin stock.” Neither Borrower nor any Person acting on behalf of Borrower has taken or will take any action
which might cause any of the Financing Documents to violate Regulations T, U or X, or any other regulations of the Board of Governors of the Federal Reserve System or to violate the Exchange Act or any rule or regulation thereunder, in each case as
now in effect or as the same may hereafter be in effect. 
 Section 5.31 Deposit Accounts. 

Schedule 5.31 to the Disclosure Letter lists, as of the Closing Date, all banks and other financial institutions at which Borrower maintains DDAs, and such
Schedule correctly identifies the name and address of each depository, the name in which such account is held, a description of the purpose of the account and the complete account number of such account. The aggregate balance in each of
Borrower’s Foreign Subsidiary accounts maintained with (i) Citibank N.A. in Bangalore, India, and (ii) Nortons Group in the United Kingdom, each as set forth on Schedule 5.31 to the Disclosure Letter, as of the Closing Date, shall not
exceed $600,000 at any time unless otherwise agreed upon by Borrower and Lender, and any amounts in excess of such limits shall be immediately transferred to an account of Borrower subject to a control agreement in favor of Lender. 

  
 35 

 Section 5.32 Perfected Security Interest. 

This Agreement is effective to create in favor of Lender legal, valid and enforceable Liens on, and security interests in, all of the Collateral, and
all necessary and appropriate recordings and filings have been made in all necessary and appropriate public offices (including the offices specified on the Perfection Certificate), and all other necessary and appropriate action has been taken, so
that each such Security Document creates a perfected Lien on and security interest in all right, title, estate and interest of Borrower in the Collateral covered thereby that can be perfected by the filing of a UCC financing statement in the
Borrower’s jurisdiction of incorporation or by a control agreement, prior and superior to all other Liens and subject to no other Liens, other than Permitted Encumbrances; provided that with respect to any Collateral that consists of
Intellectual Property (the “Intellectual Property Collateral”), (A) the Liens created by this Agreement in the Intellectual Property Collateral shall constitute fully perfected Liens on, and security interests in, all right,
title and interest of the grantors thereunder, subject to no Liens other than Permitted Encumbrances, only if and to the extent such perfection may be achieved by filing UCC financing statements and the Patent and Trademark Security Agreement (or a
short form thereof) in the USPTO and the US Copyright Office, (B) subsequent filings in the USPTO and US Copyright Office, as applicable, may be necessary to perfect any security interest in any such Intellectual Property Collateral acquired or
otherwise owned by Borrower after the date hereof and (C) the taking of actions outside the United States may be required in order to perfect the Lien on any Intellectual Property Collateral which is protected under non-U.S. law. 

Section 5.33 Investment Company Act.  

None of Borrower, any Person Controlling Borrower, or any Subsidiary is or is required to be registered as an “investment company” under the
Investment Company Act of 1940. 
 All provisions contained herein which are qualified by or require any person or entity to make a determination or
assessment of any event or circumstance or other matter to its knowledge shall be a reference to the knowledge of such Person and shall be deemed to require such person or entity to make all due inquiries and investigations as may be reasonably
necessary or prudent in the circumstances before making any such determination or assessment. Lender will be entitled to rely on the representations and warranties of Borrower contained in this Agreement notwithstanding any investigation which
Lender may undertake or which may be undertaken on Lender’s behalf. 
 ARTICLE VI. 

COVENANTS OF THE CORPORATION 
 For as long
as this Agreement remains outstanding, Borrower declares, covenants and agrees as follows: 
 Section 6.01 Use of Proceeds. 

 Borrower shall only use the proceeds of the Loan for general corporate purposes. 

  
 36 

 Section 6.02 To Pay Principal and Interest; Secured Obligations.  

Borrower will duly and punctually pay the Secured Obligations, including, without limitation, the principal and interest accrued on the Loans at the time and
in the manner specified herein and Borrower will duly observe and perform all of the terms and covenants contained in this Agreement and every covenant and undertaking hereafter given by Borrower to Lender. 

Section 6.03 Lender Expenses.  

Borrower shall pay all reasonably documented Lender Expenses upon demand; provided that legal fees of Lender’s counsel and legal fees of Silicon Valley
Bank’s counsel in connection with the SVB Mezzanine Facility through the Closing Date shall not exceed $25,000 in the aggregate. 

Section 6.04 Maintain Corporate Existence.  

Borrower shall (and shall cause its Subsidiaries to) maintain its corporate existence, carry on and conduct its business in a proper and business-like manner,
take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business and comply with all applicable Laws. Borrower shall also forthwith notify Lender in writing of the dissolution
or wind-up of any existing Subsidiary or the creation of any new Subsidiary after the date hereof. 
 Section 6.05 Delivery of
Collateral and Perfection.  
 Borrower shall (and shall cause its Subsidiaries to) take such actions at the sole cost and expense of Borrower, as
may be required or desirable and as requested by Lender, to preserve, protect or perfect the security interests to be created with respect to the Collateral. 

Section 6.06 No Encumbrances.  

Neither Borrower nor its Subsidiaries shall create, assume or suffer to exist any Lien (other than Permitted Encumbrances), including, without limitation, any
agreement to give any of the foregoing or any conditional sale or other title retention agreement, upon all or any part of the Collateral. Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any
and all security interests on and claims in respect of the Collateral other than the security interests created by this Agreement and Permitted Encumbrances, and Borrower will defend the right, title and interest of Lender in and to the Collateral
against the claims and demands of all Persons. 
 Section 6.07 Operating Leases. 

None of Borrower or any of its Subsidiaries will enter into or maintain operating leases (other than real property leases) such that the aggregate annual
expenditure on such operating leases would be greater than $250,000. 
 Section 6.08 Insurance.  

Borrower shall (and shall cause its Subsidiaries to) insure and keep insured its properties as customarily insured by companies carrying on a similar business
in similar locations, or owning or operating similar properties, against all risks, including but not limited to, business interruption and product liability, with Lender being named as a loss payee on all such insurance and an additional insured.

  
 37 

 Section 6.09 Transactions with Affiliates.  

Borrower shall (and shall cause its Subsidiaries to) not enter into any transaction with any officer, director, employee, shareholder or any Person not dealing
at arm’s length or any Affiliate of any of the foregoing (specifically excluding any employment or option agreement or intercompany indebtedness, transactions between a Subsidiary and Borrower, or equity and bridge financings with
Borrower’s investors, so long as any such bridge financings constitute Subordinated Debt) unless such transaction is on terms no less favorable to Borrower or such Subsidiary than would be obtainable in an arm’s length transaction. 

Section 6.10 Material Agreement.  

Borrower shall observe each term, covenant and agreement contained in this Agreement and each of the other Financing Documents. 

Section 6.11 Reporting.  

Borrower shall prepare and provide to Lender (a) monthly unaudited financial statements within thirty (30) days of the end of the relevant month
(including, without limitation, the last month of any fiscal quarter), (b) quarterly unaudited financial statements, within thirty (30) days after the end of the relevant fiscal quarter (including, without limitation, the last quarter of
any fiscal year); (c) annual financial projections, within 30 days of approval by Borrower’s board of directors; (d) materials prepared for Borrower’s board of directors contemporaneously with the delivery of such materials to
the board members relating to monthly and quarterly reviews (provided that Borrower shall not be required to provide (i) access to attorney-client privileged communications, or (ii) access to materials which could result in a conflict of
interest between Lender or their respective affiliates or representatives on the one hand, and Borrower or its affiliates or representatives on the other), and a brief oral description or any updated materials provided to Borrower’s board of
directors (provided that Borrower shall not be required to provide (i) access to attorney-client privileged communications, or (ii) access to materials which could result in a conflict of interest between Lender or their respective
affiliates or representatives on the one hand, and Borrower or its affiliates or representatives on the other) of the business prospects of Borrower, (c) annual unaudited financial statements within sixty (60) days after the end of the
relevant fiscal year (provided that preliminary unaudited financial statements are to be delivered to Lender within thirty (30) days after the end of the relevant fiscal year); (e) audited annual financial statements as soon as available,
including auditor’s letter to Borrower, if any, and in no case later than the earlier of (i) one hundred eighty (180) days after the relevant fiscal year end, or (ii) when delivered to Borrower’s board or directors;
(f) Section 409A valuations, within 30 days of receipt by Borrower; (g) within 45 days of the last day of each quarter, an updated capitalization table; provided that such capitalization table shall only be required if there have been
updates to the capitalization table most recently delivered to Lender; and (h) such other information as Lender may reasonably request. All financial statements shall be accompanied by a certificate of the Chief Executive Officer or Chief
Financial Officer that (A) the statements are prepared in accordance with GAAP, except (i) as otherwise stated therein 

  
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and (ii) for the absence of footnotes and subject to year end adjustments, (B) all statutory withholdings relating to taxes and applicable payroll matters have been properly made and
(C) indicating whether, to Borrower’s knowledge, there are any defaults under any of Borrower’s Material Agreements. Additionally, if Borrower undertakes any reporting requirements to any other lenders or under any other borrowing
arrangements, Lender shall contemporaneously receive copies of all reporting materials delivered to such party; provided, however, Borrower shall not be required to deliver (i) any materials that Borrower is prohibited from providing pursuant
to confidentiality obligations to the other lender or (ii) any materials which are duplicative of information provided to Lender hereunder. Furthermore, for as long as the Secured Obligations are outstanding, Borrower shall deliver to Lender
all materials (including any Budget) prepared for Borrower’s board of directors contemporaneously with the delivery of such materials to the board members. Notwithstanding the foregoing, Lender may be excluded from receiving materials provided
to the Board relating to an issue to the extent that (A) the furnishing of such materials to Lender would jeopardize Borrower’s or any member of such Board’s ability to assert the attorney-client privilege with respect to matters
contained in such materials or (B) such materials relate directly to matters or transactions that relate to Lender or its affiliates. 

Section 6.12 Negative Covenants.  

Without the prior written consent of Lender, Borrower shall not and shall cause its Subsidiaries to not: 

 

	 	(a)	incur, issue or permit to exist Indebtedness, except for the Permitted Indebtedness; 

  

	 	(b)	grant or permit the existence of any security for Indebtedness other than the Permitted Encumbrances; 

  

	 	(c)	except with respect to granting a lien subject to Permitted Encumbrances (to the extent the granting of such a lien is considered a “transfer” or “disposition”), as permitted under
Section 6.12(m) (to the extent that such transaction is structured as sale of substantially all assets), or for Permitted Dispositions, sell, lease, exclusively license or transfer or dispose of material assets (including Intellectual Property)
pursuant to any transaction outside of the ordinary course of Borrower’s business; 

  

	 	(d)	wind-up or liquidate Borrower or any Subsidiary, provided that a dormant or inactive Subsidiary may merge into another Subsidiary that is a Guarantor or Borrower so long as such Subsidiary or Borrower is the surviving
entity, or may be dissolved so long as all assets are transferred to another Subsidiary that becomes a Guarantor hereunder or Borrower; 

  

	 	(e)	unless approved by Lender (such approval not to be unreasonably withheld) and except as permitted under Section 6.12(m), merge, amalgamate or enter into another form of business combination or reorganization
(including any joint venture or partnership), provided that a Subsidiary may merge into Borrower or Guarantor without the approval of Lender but with notice; 

  
 39 

	 	(f)	make any payment of any dividend and/or other distribution to any shareholder of Borrower, other than payment of director’s fees, salaries, bonuses, commissions and any payments of a similar nature in the ordinary
course of business and consistent with Borrower’s past practice and existing agreements as of the Closing Date, provided that (i) Borrower may convert any of its convertible securities into other securities pursuant to the terms of such
convertible securities or otherwise in exchange thereof and pay di minimus cash in lieu of the issuance of fractional shares in connection with such conversion; and (ii) Borrower may repurchase the stock of former employees, directors or
consultants pursuant to a stock repurchase agreement so long as an Event of Default does not exist at the time of such repurchase and would not exist after giving effect to such repurchase, provided the aggregate of all such repurchases does not
exceed $250,000 in cash per fiscal year; 

  

	 	(g)	create, acquire or permit to exist any direct or indirect Subsidiary that has not become a party to this Agreement and/or provided a guarantee, a general security agreement and such other agreements as Lender may
reasonably request to the benefit of Lender, other than any Inactive Subsidiary, or any Excluded Subsidiary; 

  

	 	(h)	unless approved by Lender, purchase or acquire all or substantially all of the assets of any Person or all or substantially all of the shares, partnership interests or other similar interests in any Person by any means
whatsoever other than (i) the purchase of assets in the ordinary course of business and consistent with past practice, (ii) the purchase of assets in an amount not to exceed $100,000 in any fiscal year; (iii) the purchase or
acquisition of shares of any Guarantor, and (iv) the consummation of transactions set forth on Schedule 6.12(h) to the Disclosure Letter; 

  

	 	(i)	make any prepayment of any Indebtedness that is subordinate to or pari passu with the Secured Obligations except prepayments or payments that are otherwise permitted pursuant to the terms of any intercreditor agreement
or subordination agreement to which such Indebtedness is subject to; 

  

	 	(j)	continue Borrower into a jurisdiction in which Borrower is not currently organized or incorporate or establish any Subsidiary which could reasonably be expected to result in a Material Adverse Effect on Lender’s
Liens and the priority thereof or the assets, business, operations or prospects of Borrower or any Subsidiaries; 

  

	 	(k)	make any amendment to its certificate of incorporation or bylaws or the nature of its business which could reasonably be expected to result in a Material Adverse Effect on Lender’s Liens and the priority thereof or
the assets, business, operations or prospects of Borrower or any Subsidiaries; 

  
 40 

	 	(l)	provide or permit a guarantee in respect of the obligations of any Person; 

  

	 	(m)	permit a Change of Control that does not provide for the cash repayment of the Secured Obligations in full; 

  

	 	(n)	make or incur any capital expenditures in any fiscal year in the aggregate in an amount which exceeds the Budget by the greater of: (i) $1,000,000; or (ii) 25% of the Budget, provided, however; that
notwithstanding the foregoing, in no event shall Borrower and its Subsidiaries make or incur any capital expenditures in Borrower’s fiscal year ending January 31, 2015 and each fiscal year thereafter in the aggregate in an amount of up to
$3,000,000, provided, further; that up to $3,500,000 of Borrower’s capital expenditures in connection with tenant improvements for Borrower’s leased location at 300 Park Avenue, Suite 1700, San Jose, CA 95110 shall be excluded for
purposes of calculating Borrower’s compliance with this covenant; 

  

	 	(o)	enter into any instrument, contract, document or agreement which prohibits the granting of any Lien or assignment by way of security in the assets of Borrower or any Subsidiary, including a Lien in such instrument,
contract, document or agreement except for (i) the SVB Revolving Facility and the SVB Mezzanine Facility, (ii) restrictions with respect to specific financed Equipment, (iii) customary non-assignment provisions in any instrument,
contract, document or agreement and (iv) contracts, documents or agreements for the acquisition of Borrower so long as such contracts, documents or agreements provide for the cash repayment of the Secured Obligations in full; 

 

	 	(p)	permit Borrower’s auditors to be other than its existing auditors or a nationally recognized auditing firm or such other auditors consented to by Lender in its reasonable discretion (it being acknowledged by
Lender, that KPMG is acceptable); 

  

	 	(q)	capitalize any research or development or related services costs unless required under GAAP; or 

  

	 	(r)	agree or otherwise commit to take any action described in paragraphs (a) through (q) above. 

Section 6.13 Further Documentation.  

Borrower will (and will cause its Subsidiaries to) from time to time at its expense promptly and duly authorize, execute and deliver such further instruments
and documents, and take such further action, as Lender may reasonably request for the purpose of preserving the Collateral, and full benefits of, and the rights and powers granted by, the Financing Documents and the Liens granted to Lender therein
(including the filing of any financing statements or financing change statements under any applicable legislation, application for the registration or an application for the registration of a rectification with respect to the Collateral and
including any steps required to register security on owned real property if necessary). 

  
 41 

 Section 6.14 Indemnification.  

Borrower shall pay, indemnify, defend, and hold Lender and its officers, directors, employees, agents, and attorneys-in-fact (each, an “Indemnified
Person”) harmless (to the fullest extent permitted by law) from and against any and all claims, demands, suits, actions, investigations, Environmental Claims, proceedings, and damages (excluding consequential damages), and all reasonable
attorneys fees and disbursements and other costs and expenses actually incurred in connection therewith (as and when they are incurred and irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any of
them (a) in connection with or as a result of or related to the execution, delivery, enforcement, performance, or administration of this Agreement, any of the other Financing Documents, or the transactions contemplated hereby or thereby, and (b)
with respect to any investigation, litigation, or proceeding related to this Agreement, any other Financing Document, or the use of the proceeds of the credit provided hereunder (irrespective of whether any Indemnified Person is a party thereto), or
any act, omission, event, or circumstance in any manner related thereto (all the foregoing, collectively, the “Indemnified Liabilities”). The foregoing to the contrary notwithstanding, Borrower shall have no obligation to any Indemnified
Person under this Section 6.14 with respect to any Indemnified Liability that a court of competent jurisdiction finally determines to have resulted from the gross negligence or willful misconduct of such Indemnified Person. This provision shall
survive the termination of this Agreement and the repayment of the Secured Obligations. If any Indemnified Person makes any payment to any other Indemnified Person with respect to an Indemnified Liability as to which Borrower was required to
indemnify the Indemnified Person receiving such payment, the Indemnified Person making such payment is entitled to be indemnified and reimbursed by Borrower with respect thereto. WITHOUT LIMITATION, THE FOREGOING INDEMNITY SHALL APPLY TO EACH
INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART CAUSED BY OR ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON. 

Section 6.15 Maintenance of Records.  

Borrower will keep and maintain accurate and complete records of the Collateral. 

Section 6.16 Proceeds of Collateral.  

After and during the continuance of any Event of Default, all proceeds of the Collateral (including all amounts received in respect of accounts receivable),
whether or not arising in the ordinary course of Borrower’s business, shall be, and shall be deemed to be, held separate and apart and received by Borrower as trustee and agent of Lender and, upon Lender’s request, will be immediately paid
over to Lender. 
 Section 6.17 Notices.  

Promptly upon becoming aware of same, Borrower shall provide prompt written notice to Lender in accordance with Section 9.06 hereof, of (i) any Lien
(other than the security interests created by this Agreement and Permitted Encumbrances) on, or claim asserted against, any of the Collateral, (ii) the occurrence of any event, claim or occurrence that is or could reasonably be

  
 42 

 
expected to have a Material Adverse Effect on the operations or property of Borrower or the secured position or value of the Collateral, (iii) any change in the location of the chief
executive office of Borrower or any Subsidiaries, (iv) any change in the location of any of tangible material Collateral (including additional locations) that has not already been disclosed to Lender, and (v) any material loss of or damage
to any portion of the Collateral. 
 Section 6.18 Limitations on Modifications, Waivers, Extensions.  

Other than in the ordinary course of business, Borrower will not, and will cause its Subsidiaries not to, (i) amend, modify, terminate or waive any
provision of any permit, contract or any agreement giving rise to an account in any manner which is or could reasonably be expected have a Material Adverse Effect on Lender’s Liens or the assets, business, operations or prospects of Borrower
and the Subsidiaries, or (ii) fail to exercise promptly and diligently its rights under each permit, contract and agreement giving rise to an account if such failure is or could reasonably be expected to have a Material Adverse Effect on
Lender’s secured portion or the assets, business, operations or prospects of Borrower and the Subsidiaries. 
 Section 6.19
Financial Covenants: 
 So long as any Secured Obligations remain outstanding hereunder, Borrower shall: 

 

	 	(a)	(i) maintain, for the nine-month period ending October 31, 2014, measured and calculated as of the last day of such nine-month period, EBITDA in an amount not less than negative $12,000,000; and (ii) maintain, for the
twelve-month period ending January 31, 2015, measured and calculated as of the last day of such twelve-month period, EBITDA in an amount not less than negative $14,000,000. Reasonable documented costs incurred by Borrower in connection with
Borrower’s initial public offering, if any, shall be excluded from EBITDA calculations under this Section 6.19(a). The parties will negotiate in good faith to determine mutually agreeable minimum EBITDA levels for each fiscal quarter occurring
after those set forth in this Section 6.19(a), with such determination to be made in a manner consistent with the analysis used to prepare the minimum EBITDA levels set forth above. If the Loans are in good standing when establishing covenants for
fiscal quarters occurring after those specifically set forth in parts (i) through (ii) the first sentence of this Section 6.19(a), Borrower and Lender agree that the only financial covenant that will be used is an EBITDA-based covenant and that no
other financial covenants will be introduced. 

  

	 	(b)	If Borrower raises additional equity capital while the Loans are outstanding, Lender will in good faith re-negotiate financial covenants that recognize that additional capital, without an increase in the Warrants or
interest rates. 

 Section 6.20 Certificate of Compliance.  

Borrower covenants that on a monthly basis, Borrower shall furnish to Lender a current certificate of a senior officer of Borrower stating that the
representations and warranties contained herein are true and correct as of the date of the certificate with the same force and 

  
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effect as if such representations and warranties had been made on and as of such time except for such representations and warranties stated to be true as of a specific date, or if such is not the
case, specifying the representation or warranty which is not true or correct and giving additional disclosure with respect to such representation or warranty and the action, if any, Borrower or any of its Subsidiaries proposes to take with respect
thereto (provided, for the avoidance of doubt, that the accuracy of such representations and warranties shall be assessed giving effect to such additional disclosure as provided by Borrower at the time of making such additional certifications as of
the date of such certificate). Borrower covenants that at any time if requested by Lender and at least on a monthly basis, Borrower shall furnish to Lender a current certificate of a senior officer of Borrower stating that Borrower and its
Subsidiaries have complied with all covenants, conditions and other requirements contained in any document, instrument or agreement executed and delivered by any of them to Lender and there has not occurred any Event of Default or non-compliance
with any covenant, condition or other requirement contained in the Financing Documents and any other document, instrument or agreement (including any Material Agreement) which would constitute an Event of Default or event which with the giving of
notice or the lapse of time or both or, if such is not the case, specifying the covenant, condition or other requirement which has not been complied with and giving particulars of non-compliance and the action, if any, Borrower or any of its
Subsidiaries proposes to take with respect thereto. 
 Section 6.21 Intellectual Property Collateral.  

Without limiting the generality of any other provisions of this Agreement, 
  

	 	(a)	If Borrower shall create or obtain rights to any registered Intellectual Property (or any other Intellectual Property Collateral) in addition to those set forth on Schedule 5.19 to the Disclosure Letter (as updated
pursuant to the terms of this Agreement), the provisions of this Agreement shall automatically apply thereto and Borrower shall take such action as Lender may reasonably request to perfect its security interest in such registered Intellectual
Property, including the execution of a collateral security agreement to be filed with the US PTO, US Copyright Office or any other applicable Governmental Authority. Borrower shall promptly notify Lender, in writing, of any new patent application or
issuance or trademark or copyright application or registration in which Borrower has an ownership interest. 

  

	 	(b)	 Borrower: (i) authorizes Lender, without any further action by Borrower, to amend Schedule 5.19 to the Disclosure Letter to reference any
registered Intellectual Property (or any other Intellectual Property Collateral (as defined below)) acquired by Borrower after the date hereof or to delete any reference to any right, title or interest in any registered Intellectual Property (or any
other Intellectual Property Collateral) in which Borrower no longer has or claims any right, title or interest; (ii) will promptly (but in any event within ten (10) Business Days after becoming aware thereof) notify Lender of the
institution of, or any adverse determination in, any proceeding in the US PTO, US Copyright Office or in any federal, state or foreign court or agency regarding Borrower’s claim of ownership, or the enforceability or validity of any of the
Intellectual Property 

  
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Collateral (other than the expiration of patents at the end of their statutory term), in each case that does or could reasonably be expected to materially and adversely affect the value of any of
the Intellectual Property Collateral, taken as a whole, or the ability of Borrower or Lender to dispose of any of the same or the rights and remedies of Lender in relation thereto,; (iii) will promptly notify Lender of any suspected
infringement of any of the Intellectual Property Collateral by any third party or any claim by any third party that Borrower is infringing upon the intellectual property rights of such third party, in either case that does or could reasonably be
expected to, individually or in the aggregate, materially adversely affect the value of the Intellectual Property Collateral, taken as a whole; (iv) concurrently or promptly thereafter with the filing of any patent application or application
for registration of any trademark or copyright in the United States, will execute, deliver and record in the appropriate registers and offices in the United States, an appropriate form of a collateral security agreement evidencing Lender’s
security interest therein (and, subject to Section 6.20, will do so outside the United States if reasonably requested by Lender); and (v) will keep accurate and complete records in all material respects in respect of the Intellectual
Property Collateral. 

  

	 	(c)	 For the sole purpose of enabling Lender to exercise rights and remedies under this Agreement at such time as Lender shall be lawfully entitled to
exercise such rights and remedies, and for no other purpose, Borrower hereby grants to Lender, to the extent Borrower is permitted to grant such license, a nonexclusive license (exercisable without payment of royalty or other compensation to
Borrower) to use or sublicense any and all of the Intellectual Property Collateral now owned or hereafter acquired by Borrower, wherever the same may be located, including in such license reasonable access to all media in which any of the licensed
items may be recorded or stored and to all computer programs used for the compilation or printout thereof. Lender will only exercise such license upon the occurrence and during the continuance of any Event of Default. Borrower further agrees that,
upon the occurrence and during the continuance of any Event of Default, Lender may, to the extent permitted by law, take any or all of the following actions: (i) declare the entire right, title and interest of Borrower in and to the
Intellectual Property Collateral vested in Lender, in which event such right, title and interest shall immediately vest in Lender; (ii) take and use and/or sell the Intellectual Property Collateral (or any portion thereof) and carry on the
business and use the assets of Borrower in connection with which the Intellectual Property Collateral (or any portion thereof) has been used; (iii) bring suit to enforce the Trademarks, Patents and/or Copyrights or any of the other Intellectual
Property Collateral and/or any licenses thereunder or other rights with respect thereto; and (iv) in connection with taking any of the actions described in the foregoing clauses (i) – (iii), direct Borrower to refrain, in which
event Borrower shall refrain, from using the Intellectual Property Collateral (or any portion thereof) in any manner whatsoever, directly or indirectly; and (v) execute, in which event Borrower shall execute, such other and further documents
that Lender may reasonably request to further confirm the provisions hereof and to further evidence the foregoing rights and remedies. Upon request of Lender, Borrower also shall make available to

  
 45 

	 	
Lender, to the extent within Borrower’s power and authority, such individuals then in Borrower’s employ to assist in the production, advertisement and sale of the products and services
sold under the Trademarks, Copyrights and Patents or any of the other Intellectual Property Collateral, such individuals to be available to perform their prior functions on Lender’s behalf and to be compensated at the expense of Borrower.

  

	 	(d)	Notwithstanding anything else set forth herein or anything contained in any of the other Financing Documents, the taking of actions outside the United States may be required in order to create and/or preserve the
perfection and priority of any security interest in the Intellectual Property Collateral that is protected under non-U.S. law, and unless reasonably requested by Lender, Borrower shall not have any obligation to record or file, or take any other
actions, to create a perfected Lien on or security interest in any non-U.S. Intellectual Property Collateral, and even if so requested by Lender, Borrower shall only be obligated to do so to the extent that any such Lien on or security interest in
non-U.S. Intellectual Property Collateral can be perfected under applicable laws and regulations. 

 Section 6.22
Share Pledge. 
 (a) Following the occurrence of an Event of Default, upon Lender’s request, Borrower shall promptly execute
and deliver to Lender pledges of at least sixty-five percent (65%) of its equity interest in each Foreign Subsidiary, along with certificates for the pledged shares, blank stock powers, and such other instruments or documentation reasonably
requested by Lender in order to take and perfect a security interest in such equity interests, all in form and substance reasonably acceptable to Lender. Borrower shall at all such times ensure that such pledged stock is not less than sixty-five
percent (65%) of its equity interest in each such Subsidiary and shall promptly pledge to Lender any additional shares as are from time to time required to keep the percentage of shares pledged at sixty-five percent (65%). 

(b) Following the occurrence of an Event of Default, upon Lender’s request, Borrower shall promptly execute and deliver to Lender pledges
of one hundred percent (100%) of its equity interest in each Subsidiary which is formed under the laws of the United States or a state thereof, along with certificates for the pledged shares, blank stock powers, and such other instruments or
documentation reasonably requested by Lender in order to take and perfect a security interest in such equity interests, all in form and substance reasonably acceptable to Lender. Borrower shall at all such times ensure that such pledged stock is not
less than one hundred percent (100%) of its equity interest in each such Subsidiary and shall promptly pledge to Lender any additional shares as are from time to time required to keep the percentage of shares pledged at one hundred percent
(100%). 
 (c) At Lender’s request, Borrower shall cause each Subsidiary that is not an Excluded Subsidiary (provided that each such
Subsidiary at all times meets the requirements of continuing its status as an “Excluded Subsidiary”, as defined herein) to become a party to this Agreement and such other documents as Lender may reasonably request. 

  
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 Section 6.23 SVB Loan. 

(a) Borrower covenants and agrees that the SVB Revolving Facility under the SVB Documents shall comply with the maximum principal requirements
set forth in the defined term “SVB Revolving Facility” in this Agreement at all times. 
 (b) Borrower covenants and agrees that
all SVB Bank Services (i) shall not exceed an aggregate amount of $1,000,000 at any time, and (ii) shall be secured by cash collateral at all times, other than Bank Services in respect of chargebacks and overdrafts. 

ARTICLE VII. 

CONDITIONS; TERM OF AGREEMENT. 

Section 7.01 Conditions Precedent to the Initial Extension of Credit.  

The obligation of Lender to make Loans, is subject to the fulfillment, to the satisfaction of Lender, of each of the conditions precedent set forth below: 

 

	 	(a)	the Closing Date shall occur on or before October 24, 2014; 

  

	 	(b)	Lender shall have filed all financing statements and recorded, filed and registered such other documents necessary for Lender to perfect Lender’s Lien in the Collateral and shall have received confirmation of such
filings, recordings and registrations; 

  

	 	(c)	Lender shall have received this Agreement and each of Financing Documents, in form and substance satisfactory to Lender, duly executed, and each such document shall be in full force and effect, and no Default or Event
of Default shall exist as of the execution of such documents; 

  

	 	(d)	Lender shall have received the Closing Fee; 

  

	 	(e)	Lender shall have received a certificate from the Secretary of Borrower attesting to (i) the resolutions of Borrower’s Board of Directors authorizing its execution, delivery, and performance of this Agreement
and the other Financing Documents, (ii) Borrower’s Governing Documents and (iii) incumbency of officers; 

  

	 	(f)	Lender shall have received a certificate of status with respect to Borrower, dated within 30 days of the Closing Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of
Borrower, which certificate shall indicate that Borrower is in good standing in such jurisdiction; 

  

	 	(g)	Lender shall have received the Budget, together with a combined balance sheet of Borrower, effective as of the Closing Date; 

  

	 	(h)	Lender shall have received such opinion of Borrower’s counsel as Lender may reasonably request; 

  

	 	(i)	Borrower shall have received all licenses, approvals, consents or evidence of other actions required by any Person in connection with the execution and delivery by Borrower of this Agreement or any other Financing
Document or with the consummation of the transactions contemplated hereby and thereby; 

  
 47 

	 	(j)	Lender shall have received one or more certificates of insurance, together with the endorsements thereto, as are required by Section 6.08, the form and substance of which shall be satisfactory to Lender;

  

	 	(k)	No action, suit, investigation, litigation or proceeding before any arbitrator or Tribunal that could reasonably be expected to have a Material Adverse Effect shall be pending or threatened against Borrower;

  

	 	(l)	Lender shall have completed its business, legal, and collateral due diligence, the results of which shall be satisfactory to Lender in its sole discretion; 

 

	 	(m)	Borrower shall have paid all Lender Expenses incurred in connection with the transactions evidenced by this Agreement; 

  

	 	(n)	[Intentionally Omitted.] 

  

	 	(o)	Lender shall have received duly executed copies of guaranties from each Guarantor, along with a pledge of securities from such Guarantor, in form and substance satisfactory to Lender; 

 

	 	(p)	Lender shall have received duly executed copies of the SVB Loan Documents, the Subordination Agreement and Intercreditor Agreement, each in form and substance satisfactory to Lender; and 

 

	 	(q)	All other documents and legal matters in connection with the transactions contemplated by this Agreement shall have been delivered, executed, or recorded and shall be in form and substance satisfactory to Lender.

 Section 7.02 Conditions Precedent to all Extensions of Credit.  

The obligation of Lender to make any Loans shall be subject to the following conditions precedent: 

 

	 	(a)	the representations and warranties contained in this Agreement and the other Financing Documents shall be true and correct in all material respects on and as of the date of such extension of credit, as though made on
and as of such date (except to the extent that such representations and warranties relate solely to an earlier date); 

  

	 	(b)	no Default or Event of Default shall have occurred and be continuing on the date of such extension of credit, nor shall either result from the making thereof, 

 

	 	(c)	no injunction, writ, restraining order, or other order of any nature prohibiting, directly or indirectly, the extending of such credit shall have been issued and remain in force by any Tribunal against Borrower, Lender,
or any of their Affiliates. 

  
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 Section 7.03 Post Closing Conditions.  

 

	 	(a)	Borrower agrees to take all steps necessary to ensure that Borrower has authorized a sufficient number of shares of Borrower’s Series D-1 Preferred Stock to cover the exercise of the Warrant prior to the earliest
of (i) the initial closing date of Borrower’s next bona fide equity financing, (ii) a Change of Control, and (iii) November 30, 2014. 

  

	 	(b)	Promptly following the authorization of such additional shares of Series D-1 Preferred Stock set forth in clause (a) above, Borrower agrees to deliver the Warrant to Lender. 

ARTICLE VIII. 
 EVENTS OF
DEFAULT 
 Section 8.01 Events of Default. 

Any of the following shall constitute an Event of Default under this Agreement: 
  

	 	(a)	failure by Borrower or any Guarantor to pay in cash (i) principal, when due and payable, or (ii) all or any other part of the Secured Obligations (including, without limitation, interest payments due
hereunder) within three (3) Business Days after such payments become due and payable; 

  

	 	(b)	Borrower or any Subsidiary ceases or threatens to cease to carry on business in the normal course or any material part of its business; 

 

	 	(c)	Borrower or any of its Subsidiaries taken as a whole becomes unable to satisfy its liabilities as they become due and/or at any time the realizable value of Borrower’s and any of its Subsidiaries’ assets taken
as a whole (including intangible assets) is less than the aggregate sum of its liabilities, or any of them otherwise commit an act of bankruptcy; 

  

	 	(d)	Borrower, any Subsidiary, any creditor of Borrower or any Subsidiary or any other Person institutes any proceeding or takes any corporate action or executes any agreement in connection with the commencement of any
proceeding (and, with respect to any involuntary proceeding by an unsecured creditor of Borrower, such proceeding is not released, dismissed, vacated or fully bonded within 60 days after commencement): 

 

	 	(i)	seeking to adjudicate Borrower or any Subsidiary a bankrupt or insolvent; 

  

	 	(ii)	 seeking liquidation, dissolution, winding-up, reorganization, arrangement, protection, relief or composition of Borrower or any Subsidiary or any
material part of their property or debt, or making a proposal with respect 

  
 49 

	 	
to Borrower or any Subsidiary under any law relating to bankruptcy, insolvency, reorganization or compromise of debts or other similar laws; or 

 

	 	(iii)	seeking appointment of a receiver, receiver and manager, trustee, agent, custodian, monitor, liquidator or similar official for Borrower or any Subsidiary or for any part of their properties and assets or for any part
of the Collateral; 

  

	 	(e)	a receiver, conservator, trustee, custodian, monitor, liquidator or similar official is appointed in respect of Borrower or any Subsidiary or any of the Collateral; 

 

	 	(f)	the occurrence of any default, or any event or condition which, with the giving of notice or passage of time, or both, would constitute a default by Borrower or any Subsidiary under the terms of any other Indebtedness
or any Material Agreement in excess of $500,000; 

  

	 	(g)	if any representation or warranty made by Borrower or any Subsidiary in any of the Financing Documents or any other document, instrument or agreement executed and delivered by Borrower or any Subsidiary at any time to
or in favor of Lender is untrue or incorrect in any material respect as of the date on which it is made; 

  

	 	(h)	Borrower or any Subsidiary fails to observe the covenant set forth in Sections 6.12, 6.19, 6.23 or 7.03; or Borrower or any Subsidiary fails to observe the covenant set forth in Section 6.11 and has failed to cure
such default within three days after Borrower receives notice thereof or any officer of Borrower becomes aware thereof; 

  

	 	(i)	Borrower or any Subsidiary fails to observe any other term, covenant or agreement contained herein or in any of the Financing Documents or any other document, instrument or agreement executed and delivered by Borrower
or any Subsidiary at any time to or in favor of Lender and Borrower has failed to cure such default within ten (10) days after Borrower receives notice thereof or any officer of Borrower becomes aware thereof; provided, however, that if the
default cannot by its nature be cured within the ten (10) day period or cannot after diligent attempts by Borrower be cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower
shall have an additional reasonable period (which shall not in any case exceed thirty (30) days) to attempt to cure such default, so long as Borrower continues to diligently attempt to cure such default, and within such reasonable time period
the failure to have cured such default shall not be deemed an Event of Default; 

  

	 	(j)	 a notice is sent to or received by Borrower or any Subsidiary from any creditor with respect to the intention of such creditor to enforce its Lien
with respect to any material portion of Borrower’s or such Subsidiary’s property or any such creditor becomes entitled to enforce or otherwise enforces or takes possession of

  
 50 

	 	
any of such property, as the case may be, unless (i) such Liens are discharged, stayed or released within 10 days or (ii) such notice is being contested in good faith by appropriate
legal proceedings, reserves satisfactory to Lender in its discretion have been taken and such notice will not result in, or does not involve, any prospect of the enforcement of such Lien or the sale or forfeiture or loss of any of the property of
Borrower or Subsidiary, as the case may be, that is subject to such notice; 

  

	 	(k)	Borrower or any Subsidiary challenges or threatens to challenge the validity or enforceability of any of the Financing Documents or terminates or repudiates any of them or attempts to do so, or such Financing Documents
or any other document, instrument, agreement or certificate executed and delivered by Borrower or any of its Subsidiaries to Lender shall cease to be in full force and effect or fail, in whole or in part, to constitute a legal, valid, binding and
enforceable obligation of Borrower or any of its Subsidiaries, as the case may be; 

  

	 	(l)	An event of default that is continuing occurs under any of the SVB Loan Documents; 

  

	 	(m)	a distress, execution, warrant, garnishment, attachment, sequestration, levy, writ, or any similar process is issued or enforced upon or against all or any part of the Collateral, or any third party demand is issued by
a governmental authority, administrative body or any taxation authority in respect of Borrower or all or any part of the Collateral and such claims remain unsatisfied, unvacated or unstayed for a period of 30 days; 

 

	 	(n)	any material portion of the Collateral is damaged or destroyed if proceeds of insurance do not either (i) adequately compensate Lender if Borrower or any Guarantor does not continue to operate, or
(ii) adequately compensate Borrower or any Guarantor in such a way as to allow it to continue to operate consistent with historical practice and performance; 

 

	 	(o)	One or more judgments rendered against Borrower or any Subsidiary with respect to infringement of any intellectual property rights and which is reasonably expected to have a Material Adverse Effect on Borrower and
(i) such judgments are not within thirty (30) Business Days after the entry thereof, discharged or execution thereof stayed or bonded pending appeal or such judgments are not discharged prior to the expiration of any such stay;

  

	 	(p)	this Agreement shall cease to create a valid Lien in favor of Lender or Lender’s Lien ceases to be a perfected, first priority Lien in the Collateral (subject to Permitted Encumbrances); 

 

	 	(q)	any resolution is passed for, the winding up, dissolution or liquidation or amalgamation of Borrower or any of its Subsidiaries (other than any Inactive Subsidiary) other than with or into Borrower or another Subsidiary
or if Borrower or any of its Subsidiaries (other than any Inactive Subsidiary) loses its charter by expiration, cancellation, forfeiture or otherwise and such charter is not reinstated within three days; 

  
 51 

	 	(r)	there is an adverse qualification to any of the financial statements of Borrower or its Subsidiaries by its auditors (other than a going concern qualification); 

 

	 	(s)	a Change of Control occurs; or 

  

	 	(t)	if for any reason other than applicable law there is any restriction on or inability of Borrower to issue the Warrant or shares issuable upon the exercise of the rights therein as fully paid and non-assessable shares in
accordance with the terms thereof. 

 Section 8.02 Lender’s Remedies Upon Default. 

 

	 	(a)	Upon the occurrence, and during the continuation, of an Event of Default, Lender may exercise any of the rights and remedies of a secured party under the UCC and any other rights and remedies provided for in this
Agreement or any other Financing Document or otherwise available to it at law or in equity, such rights and remedies to include, without limitation, the following, all of which are authorized by Borrower: 

 

	 	(i)	Declare all Secured Obligations, whether evidenced by this Agreement, by any of the other Financing Documents, or otherwise, immediately due and payable; 

 

	 	(ii)	Cease advancing money or extending credit to or for the benefit of Borrower under this Agreement, under any of the Financing Documents, or under any other agreement between Borrower and/or any Guarantor, and Lender;

  

	 	(iii)	Terminate this Agreement and any of the other Financing Documents as to any future liability or obligation of Lender, but without affecting any of Lender’s Liens in the Collateral and without affecting the Secured
Obligations; 

  

	 	(b)	Settle or adjust disputes and claims directly with Account Debtors for amounts and upon terms which Lender in its sole discretion considers advisable, and in such cases, Lender will credit Borrower’s Loan Account
with only the net amounts received by Lender in payment of such Accounts after deducting all Lender Expenses incurred or expended in connection therewith; 

  

	 	(c)	Cause Borrower and/or any Guarantor to hold all returned Inventory in trust for Lender, segregate all returned Inventory from all other assets of Borrower (or such Guarantor) or in Borrower’s (or such
Guarantor’s) possession and conspicuously label said returned Inventory as the property of Lender; 

  
 52 

	 	(d)	Without notice to or demand upon Borrower or any Guarantor, make such payments and do such acts as Lender considers necessary or reasonable to protect its security interests in the Collateral. Borrower agrees to
assemble, and to cause each Guarantor to assemble, the Collateral if Lender so requires, and to make the Collateral available to Lender at a place that Lender may designate which is reasonably convenient to both parties. Borrower authorizes Lender
to enter the premises where the Collateral is located, to take and maintain possession of the Collateral, or any part of it, and to pay, purchase, contest, or compromise any Lien that in Lender’s determination appears to conflict with
Lender’s Liens and to pay all expenses incurred in connection therewith and to charge Borrower’s Loan Account therefor. With respect to Borrower’s owned or leased premises, Borrower hereby grants Lender a license to enter into
possession of such premises and to occupy the same, without charge, in order to exercise any of Lender’s rights or remedies provided herein, at law, in equity, or otherwise; 

 

	 	(e)	Without notice to Borrower or any Guarantor (such notice being expressly waived), and without constituting a retention of any collateral in satisfaction of an obligation (within the meaning of the UCC), set off and
apply to the Secured Obligations any and all (i) balances and deposits of Borrower or any Guarantor held by Lender (including any amounts received in the Cash Management Accounts), or (ii) Indebtedness at any time owing to or for the
credit or the account of Borrower or any Guarantor held by Lender; 

  

	 	(f)	Ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale, and sell (in the manner provided for herein) the Collateral. Borrower hereby grants to Lender a license or other right to
use, without charge, Borrower’s labels, patents, copyrights, trade secrets, trade names, trademarks, service marks, and advertising matter, or any property of a similar nature, as it pertains to the Collateral, in completing production of,
advertising for sale, and selling any Collateral and Borrower’s rights under all licenses and all franchise agreements shall inure to Lender’s benefit; 

  

	 	(g)	Sell the Collateral at either a public or private sale, or both, by way of one or more contracts or transactions, for cash or on terms, in such manner and at such places (including Borrower’s premises) as Lender
determines is commercially reasonable. It is not necessary that the Collateral be present at any such sale; 

  

	 	(h)	Lender shall give notice of the disposition of the Collateral as follows, which form and manner of notice Borrower hereby agrees shall be commercially reasonable: 

 

	 	(i)	Lender shall give Borrower a notice in writing of the time and place of public sale, or, if the sale is a private sale or some other disposition other than a public sale is to be made of the Collateral, then the time on
or after which the private sale or other disposition is to be made; and 

  

	 	(ii)	The notice shall be personally delivered or mailed, postage prepaid, to Borrower as provided in Section 9.06, at least 10 days before the earliest time of disposition set forth in the notice; provided that no
notice needs to be given prior to the disposition of any portion of the Collateral that is perishable or threatens to decline speedily in value or that is of a type customarily sold on a recognized market; 

  
 53 

	 	(i)	Lender may credit bid and purchase at any public sale; 

  

	 	(j)	Lender may seek the appointment of a receiver or keeper to take possession of all or any portion of the Collateral or to operate same and, to the maximum extent permitted by law, may seek the appointment of such a
receiver without the requirement of prior notice or a hearing; 

  

	 	(k)	Lender shall have all other rights and remedies available at law or in equity or pursuant to any other Financing Document; and 

  

	 	(l)	Any deficiency that exists after disposition of the Collateral as provided above will be paid immediately by Borrower. Any excess will be returned, without interest and subject to the rights of third Persons, by Lender
to Borrower. 

 Section 8.03 Remedies Cumulative. 

The rights and remedies of Lender under this Agreement, the other Financing Documents, and all other agreements shall be cumulative. Lender shall have all
other rights and remedies not inconsistent herewith as provided under the UCC, by law, or in equity. No exercise by Lender of one right or remedy shall be deemed an election, and no waiver by Lender of any Event of Default shall be deemed a
continuing waiver. No delay by Lender shall constitute a waiver, election, or acquiescence by it. 
 Section 8.04 Notice of Event of
Default. 
 Borrower shall promptly give notice in writing to Lender of the occurrence of any Event of Default or other event which, with the
lapse of time or giving of notice or otherwise, would be an Event of Default, forthwith upon becoming aware thereof. Such written notice shall specify the nature of such default or Event of Default and the steps taken to remedy the same. 

Section 8.05 Default under Other Encumbrances. 

Any amount paid by Lender before or after the occurrence of an Event of Default on account of monies payable under any Lien upon the Collateral or any part
thereof shall be repaid by Borrower to Lender on demand and shall: 
  

	 	(a)	be added to the Secured Obligations and constitute a charge upon the Collateral; and 

  

	 	(b)	bear interest at the rate equal to the Post Default Rate per annum as a reasonable and genuine pre-estimate of damages and not as a penalty. 

  
 54 

 Section 8.06 Judgment.  

Neither the taking of any judgment nor the exercise of any power of seizure or sale shall operate to extinguish the liability of Borrower to perform the
Secured Obligations nor shall such operate as a merger of any covenant or affect the right of Lender to receive interest at the specified rate, and any judgment shall bear interest at such rate. 

Section 8.07 Application of Proceeds.  

Any and all amounts received on account of the Secured Obligations after (a) the Loans have automatically become immediately due and payable, or
(b) the exercise of remedies by Lender, shall be applied first to reimbursement of expenses and indemnities provided for in this Agreement and the other Financing Documents; second to accrued interest on the Loans; third to
fees, if any; fourth pro rata to the principal portion of the Loans; fifth to any and all remaining Secured Obligations; and, sixth any excess shall be paid to Borrower or to such other party as otherwise required by law. 

Section 8.08 Limitation of Liability.  

Lender shall not be liable by reason of any entry into or taking possession of any of the Collateral charged or intended to be charged by the Security
Documents or any part thereof, to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or any act or omission for which a secured party in possession might be liable. Lender shall not, by
virtue of these presents, be deemed to be a mortgagee in possession of the Collateral. Lender shall not be liable or accountable for any failure to exercise its remedies, take possession of, seize, collect, realize, sell, lease or otherwise dispose
of or obtain payment for the Collateral and shall not be bound to institute proceedings for such purposes or for the purpose of preserving any rights, remedies or powers of Lender, Borrower or any other person in respect of same. Borrower hereby
releases and discharges Lender from every claim of every nature, whether sounding in damages or not, which may arise or be caused to Borrower or any person claiming through or under Borrower by reason or as a result of anything done or omitted to be
done, as the case may be, by Lender or any successor or assign claiming through or under Lender under the provisions of this Agreement, unless such claim is the result of Lender’s gross negligence or willful misconduct. 

ARTICLE IX. GENERAL 

Section 9.01 Releases. 

Lender may in its discretion from time to time release any part of the Collateral or any other security either with or without any sufficient consideration
therefor, without responsibility therefor and without thereby releasing any other part of the Collateral or any other security or any Person from the security created by this Agreement or any of the Financing Documents or from any of the covenants
herein contained. Each and every portion into which the Collateral is or may hereafter be divided does and shall stay charged with the Secured Obligations. No Person shall have the right to require the Secured Obligations to be apportioned and
Lender shall not be accountable to Borrower for any moneys except those actually received by Lender. 

  
 55 

 Section 9.02 Expenses. 

Borrower shall promptly pay to Lender on demand all of Lender’s costs, charges and expenses in connection with the enforcement by any means of any
provisions hereof or any of the Financing Documents or the exercise of any rights, powers or remedies hereunder or any of the Financing Documents, including all such costs, charges and expenses in connection with taking possession, maintaining,
completing, preserving, protecting, collecting or realizing upon all or any part of the Collateral. 
 Section 9.03 Governing Law;
Jurisdiction. 
 This Agreement shall be exclusively (without regard to any rules or principles relating to conflicts of laws) governed by,
enforced and construed in accordance with the laws of the state of California. Borrower hereby irrevocably and unconditionally consents, for itself and its property, to the non-exclusive jurisdiction of the courts of the state of California and the
federal courts of the United States located therein with respect to any matter arising under or relating to this Agreement or any of the other Financing Documents. Nothing in this Agreement shall affect any right that Lender may otherwise have to
bring any action or proceeding relating to any Financing Document against Borrower or its properties in the courts of any jurisdiction. 

Section 9.04 Whole Agreement. 

This Agreement and other Financing Documents and any and all other documents ancillary thereto and executed and delivered in connection therewith, constitute
the entire agreement between the parties hereto with respect to the subject matter hereof. 
 Section 9.05 Time. 

Time shall be of the essence of all provisions of this Agreement and the other Financing Documents. 

Section 9.06 Notices. 
 Any
notice or other communication required or permitted to be given hereunder shall be in writing and shall be given by prepaid first-class mail, by facsimile or other means of electronic communication or by hand-delivery as hereinafter provided. Any
such notice or other communication, if mailed by prepaid first-class mail at any time other than during, or within three (3) Business Days prior to, a general discontinuance of postal service due to strike, lockout or otherwise, shall be deemed
to have been received on the fourth Business Day after the postmarked date thereof, or if sent by facsimile or other means of electronic communication, shall be deemed to have been received on the Business Day of the sending (provided it was sent
before 4:30 p.m. Toronto, Ontario time) and the applicable printed facsimile record shall be definitive evidence of the time and date of such facsimile transmission, or if delivered by hand shall be deemed to have been received at the time it is
delivered to the applicable address noted below either to the individual designated below or to an employee of the addressee at such address with responsibility for matters to which the information relates. Notice of change of address shall also be
governed by this Section 9.06. In the event of a general discontinuance of postal service due to strike, lock-out or otherwise, notices or other communications shall be 

  
 56 

 
delivered by hand or sent by facsimile or other means of electronic communication and shall be deemed to have been received in accordance with the foregoing. Notices and other communications
shall be addressed as follows: 
  

	 	(a)	if to Borrower: 

 Xactly Corporation 

225 West Santa Clara Street, Suite 1200 

San Jose, CA 95113 
 Facsimile:
                     
  

	 	(b)	if to Lender: 

 Wellington Financial Fund IV 

333 Bay Street, Suite 1620 

Toronto, Ontario 
 M5H 2R2 

Facsimile:                      

Section 9.07 Successors and Assigns. 

This Agreement shall be binding on Borrower and its successors and assigns and shall inure to the benefit of Lender and its successors and permitted assigns.
Borrower may not assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of Lender which it may exercise in its sole and absolute discretion. Lender may only assign this Agreement in
accordance with the provisions hereof. Borrower shall maintain a register for the recordation of the names and addresses of Lender and its assignees, and the amounts of principal and interest owing to any of them hereunder from time to time (the
“Register”), in order to establish that Borrower’s obligations hereunder are in registered form for purposes of Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Register shall be the only means of
transfer hereunder and shall be conclusive absent manifest error, and Borrower, Lender and its assignees shall treat each person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement. Lender shall provide Borrower with reasonable notice of any such transfer, and the Register shall be updated by Borrower to reflect such transfer. The Register shall be available for inspection by Lender, at any reasonable time and from
time to time upon reasonable prior notice. 
 Section 9.08 [Reserved.] 

Section 9.09 Jury Trial Waiver; Judicial Reference. 

Because disputes arising in connection with complex financial transactions are most quickly and economically resolved by an experienced and expert person and
the parties wish applicable state and federal laws to apply (rather than arbitration rules), the parties desire that their disputes be resolved by a judge applying such applicable laws. BORROWER AND LENDER WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY
JURY OF ANY CAUSE OF ACTION, CLAIM, CROSS-CLAIM, COUNTERCLAIM, THIRD PARTY CLAIM OR ANY OTHER CLAIM 

  
 57 

 
(COLLECTIVELY, “CLAIMS”) ASSERTED BY BORROWER AGAINST LENDER OR ITS ASSIGNEE OR BY LENDER OR ITS ASSIGNEE AGAINST BORROWER. This waiver extends to all such Claims, including Claims that
involve Persons other than Borrower and Lender; Claims that arise out of or are in any way connected to the relationship between Borrower and Lender; and any Claims for damages, breach of contract, tort, specific performance, or any equitable or
legal relief of any kind, arising out of this Agreement, any other Financing Document. If the waiver of jury trial set forth in Section 9.09 is ineffective or unenforceable, the parties agree that all Claims shall be resolved by reference to a
private judge sitting without a jury, pursuant to Code of Civil Procedure Section 638, before a mutually acceptable referee or, if the parties cannot agree, a referee selected by the Presiding Judge of the Santa Clara County, California. Such
proceeding shall be conducted in Santa Clara County, California, with California rules of evidence and discovery applicable to such proceeding. In the event Claims are to be resolved by judicial reference, either party may seek from a court
identified in Section 9.09, any prejudgment order, writ or other relief and have such prejudgment order, writ or other relief enforced to the fullest extent permitted by law notwithstanding that all Claims are otherwise subject to resolution by
judicial reference. 
 Section 9.10 Confidentiality.  

In handling any confidential information, Lender shall exercise the same degree of care that it exercises for its own proprietary information, but disclosure
of information may be made: (a) to Lender’s Subsidiaries or Affiliates; (b) to prospective transferees or purchasers of any interest in the Loans (provided, however, Lender shall use its best efforts to obtain any prospective
transferee’s or purchaser’s agreement to the terms of this provision); (c) as required by law, regulation, subpoena, or other order; (d) as otherwise required in connection with Lender’s examination or audit; (e) as
Lender considers appropriate in exercising remedies under the Financing Documents; and (f) to third-party service providers of Lender so long as such service providers have executed a confidentiality agreement with Lender with terms no less
restrictive than those contained herein. Confidential information includes all materials labeled confidential or proprietary, or that reasonably appear to be confidential or proprietary because of other legends or markings, the circumstances of
disclosure, or the nature of the information itself, and shall in all events include all board materials and all financial information. Confidential information does not include information that is either: (i) in the public domain or in
Lender’s possession when disclosed to Lender, or becomes part of the public domain after disclosure to Lender through no fault of Lender; or (ii) disclosed to Lender through no fault by Lender by a third party if Lender does not know that
the third party is prohibited from disclosing the information. 
 Section 9.11 Counterparts. 

This Agreement may be executed in several counterparts and by facsimile transmission, each of which shall be deemed to be an original and all of which when
taken together, shall constitute one and the same instrument. 
 [The remainder of this page intentionally left blank] 

  
 58 

 IN WITNESS WHEREOF Borrower and Lender have executed this Agreement under seal by its duly authorized
signing officer as of date first written above. 
  

					
	XACTLY CORPORATION
		
	By		 /s/ Christopher W. Cabrera

			Name:		Christopher W. Cabrera
			Authorized Signing Officer
	
	WF FUND IV LIMITED PARTNERSHIP, c/o/b as WELLINGTON FINANCIAL LP and WELLINGTON FINANCIAL FUND IV
		
	By		 /s/ Mark R. McQueen

			Name:		Mark R. McQueen
			Authorized Signing Officer
			President & CEO

 XACTLY CORPORATION 

DISCLOSURE LETTER 

October 24, 2014 
  

	To:	WF FUND IV LIMITED PARTNERSHIP (c/o/b as WELLINGTON FINANCIAL LP and WELLINGTON FINANCIAL FUND IV) (“Lender”), with respect to that certain Amended and Restated Loan and Security Agreement, dated as of
the date hereof (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”), by and between XACTLY CORPORATION, a Delaware corporation (“Borrower”), and Lender.

 This Disclosure Letter is delivered to you pursuant to the Agreement. The items set forth in the attached schedules represent exceptions,
qualifications, permitted items and disclosures that are listed herein pursuant to the terms of the Agreement. Any information disclosed herein under any schedule shall be deemed disclosed under any other section or subsection in the Agreement to
the extent it is readily apparent from reading a disclosure that such disclosure is applicable to such other sections or subsections. Capitalized terms used herein (or in the attached schedules) and defined in the Agreement shall have the meanings
ascribed in the Agreement unless the context otherwise requires. This Disclosure Letter may be amended and restated, modified or supplemented, from time to time to the extent permitted by the terms of the Agreement. 

 IN WITNESS WHEREOF, the undersigned has executed this Disclosure Letter as of the date hereof.

  

			
	XACTLY CORPORATION
		
	By:		 /s/ Christopher W. Cabrera

	Name:		Christopher W. Cabrera
	Title:		President and Chief Executive Officer

 Schedule 1.01 

Permitted Encumbrances 
 Permitted
Encumbrances 
  

					
	 Name of Holder of

Lien/Encumbrance
	 	 Description of Property Encumbered
	 	 Name of

Company/Subsidiary

	Relational Technology Solutions	 	Equipment	 	Xactly Corporation
			
	Silicon Valley Bank	 	Substantially all assets	 	Xactly Corporation
			
	Silicon Valley Bank	 	Substantially all assets	 	Centive, Inc.
			
	Silicon Valley Bank	 	MMA account number XXX holds approximately $183,988 and is pledged and held as collateral against that certain letter of credit number XXX	 	Xactly Corporation
			
	Silicon Valley Bank	 	MMA account number XXX holds approximately $129,185 and is pledged and held as collateral against that certain letter of credit number SVBSF009146	 	Xactly Corporation
			
	Silicon Valley Bank	 	CD account number XXX holds approximately $100,000 and is pledged and held as collateral to secure Borrower’s obligations in connection with certain credit cards held by Borrower	 	Xactly Corporation
			
	Silicon Valley Bank	 	CD account number XXX holds approximately $2,000 and is pledged and held as collateral to secure Borrower’s obligations in connection with certain Borrower credit card merchant services	 	Xactly Corporation

 Schedule 1.01 

Permitted Indebtedness 
  

	 	•	 	None. 

 Schedule 5.02 

Subsidiaries 
 5.02(a) Subsidiaries

  

			
	 Name
	  	 Jurisdiction

	Centive, Inc.	  	United States (Delaware)
		
	Xactly Limited	  	United Kingdom
		
	Xactly Technologies India Private Limited	  	India

 5.02(b) Inactive Subsidiaries 
  

							
	 Name
	  	Jurisdiction	  	Value of Assets	  	Intellectual Property
	 None.
	  	N/A	  	N/A	  	N/A

 5.02(c) Excluded Subsidiaries 
  

							
	 Name
	  	Jurisdiction	  	% of Total Assets	 	% of Total Revenue
	Xactly Limited	  	United Kingdom	  	Approximately 0.7%	 	0%
	Xactly Technologies India Private Limited	  	India	  	Approximately 1.4%	 	0%

 Schedule 5.09 

As to Certain Contracts In and Out of the Ordinary Course 
  

	 	•	 	Amended and Restated Loan and Security Agreement, dated as of August 20, 2012, by and among Borrower, Centive, Inc. and Silicon Valley Bank, as amended to date. 

 

	 	•	 	Mezzanine Loan and Security Agreement, dated as of October 24, 2014, between Silicon Valley Bank and Borrower. 

  

	 	•	 	Office Lease, dated as of August 6, 2014, by and between RIVERPARK TOWER II, LLC, and Borrower. 

 Schedule 5.10 

No Default Under Agreements1 

 

	 	•	 	None. 

 Schedule 5.12 

Financial Matters 
  

	 	•	 	None. 

 Schedule 5.13 

Commercial Relationships 
  

	 	•	 	One division of Borrower’s 19th largest customer, has communicated that it will not renew its subscription as of October 30, 2014, for Xactly Incent. The annual subscription fee for that division is
approximately $135,000. 

 Schedule 5.14 

Environmental Matters 
  

	 	•	 	None. 

 Schedule 5.17 

Tax Matters 
  

	 	•	 	Sales taxes from various states — $250,000 – Borrower files sales taxes in CA, TX, AZ and NY. Other taxing authorities have determined SaaS to be a taxable service for which Borrower has not invoiced the
customers. Borrower is currently reviewing the laws of each state Borrower had sales to determine if Borrower is are required to collect and file sales taxes. For the states that 

 
  

	1 	Borrower no longer deems the West IP Communications matter material and expects to agree to a settlement of approximately $95,000 by the end of October. 

	 	 
sales taxes should be collected, Borrower will invoice the customers for those back taxes and file with the states. Borrower believes that $250,000 would be the maximum exposure due to those
various states, net of customer sales tax collections. 

 Schedule 5.19 

Intellectual Property 
 Outstanding
options, licenses, agreements, claims, encumbrances or shared ownership interests of any kind relating to the Intellectual Property owned by Borrower 
  

	 	•	 	Liens in connection with that certain Amended and Restated Loan and Security Agreement, dated as of August 20, 2012, by and among Borrower, Centive, Inc. and Silicon Valley Bank, as amended to date.

  

	 	•	 	Liens in connection with that certain Mezzanine Loan and Security Agreement, dated as of October 24, 2014, between Silicon Valley Bank and Borrower. 

Options, licenses or agreements of any kind with respect to the patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses,
information, proprietary rights and processes of any other Person 
  

	 	•	 	On November 25, 2013, Borrower and Callidus Software Inc. entered into a patent settlement agreement, in which both parties agreed to a mutual covenant not to sue in respect of patents for a period of seven years
and to mutual releases. 

 Communications alleging that Borrower has violated or, by conducting its business, would violate any of the
patents, trademarks, service marks, tradenames, copyrights, trade secrets, mask works or other proprietary rights or processes of any other Person where the alleged violation could reasonably be expected to have a Material Adverse Effect

  

	 	•	 	None. 

 Registered Intellectual Property other than trade secrets 

 

	 	•	 	Borrower has the following registered trademarks/trademark applications: 

  

									
	 Trademarks/Service Marks in name of

Xactly Corporation

	 Trademark/Service Mark
	  	 Jurisdiction
	  	 Classes
	  	 Application/

Registration Number
	  	 Application/

Registration Date

	 COMP CLOUD & Design
	  	U.S.	  	41	  	Reg. No. 4439394	  	November 26, 2013
					
	 HIT QUOTA (stylized)
	  	U.S.	  	42	  	Reg. No. 4461541	  	January 7, 2014
					
	 INCENT RIGHT
	  	U.S.	  	35, 41 & 42	  	Reg. No. 4436609	  	November 19, 2013

									
	 Trademarks/Service Marks in name of

Xactly Corporation

	 Trademark/Service Mark
	  	 Jurisdiction
	  	 Classes
	  	 Application/

Registration Number
	  	 Application/

Registration Date

	INCENT RIGHT	  	E.U. (CTM)	  	35, 41 & 42	  	Reg. No. 012330072	  	November, 20, 2013
					
	INSPIRE PERFORMANCE	  	U.S.	  	42	  	Reg. No. 3338095	  	November 20, 2007
					
	INSPIRE PERFORMANCE	  	U.S.	  	35, 41 & 42	  	App. No. 86198068	  	February 19, 2014
					
	X & Design	  	U.S.	  	35, 41 & 42	  	Reg. No. 4613953	  	September 30, 2014
					
	X & Design	  	E.U. (CTM)	  	35, 41 & 42	  	Reg. No. 012615779	  	February 19, 2014
					
	XACTLY	  	U.S.	  	42	  	Reg. No. 3336124	  	November 13, 2007
					
	XACTLY	  	U.S.	  	35, 41 & 42	  	App. No. 86120699	  	November 15, 2013
					
	XACTLY	  	Canada	  	n/a	  	App. No. 1673809	  	April 23, 2014
					
	XACTLY	  	E.U. (CTM)	  	9, 35 & 42	  	Reg. No. 004605002	  	October 3, 2006
					
	XACTLY	  	E.U. (CTM)	  	35, 41 & 42	  	Reg. No. 012338174	  	November 25, 2013
					
	XACTLY	  	WIPO (Australia, India & Switzerland)	  	35, 41 & 42	  	App. No. TBA	  	April 15, 2014
					
	XACTLY INSIGTHS	  	U.S.	  	35, 41 & 42	  	App. No. 86375288	  	August 22, 2014
					
	XACTLY INSIGHTS	  	E.U. (CTM)	  	35, 41 & 42	  	App. No. 013200531	  	August 26, 2014

  

									
	 Trademarks/Service Marks in name of

Centive, Inc.

	 Trademark/Service Mark
	  	 Jurisdiction
	  	 Classes
	  	 Application/

Registration Number
	  	 Application/

Registration Date

	 CENTIVE
	  	U.S.	  	42	  	Reg. No. 3300894	  	October 2, 2007
					
	 COMPEL
	  	U.S.	  	42	  	Reg. No. 3134080	  	August 22, 2006
					
	 Target with Carrot Design
	  	U.S.	  	42	  	Reg. No. 3305531	  	October 9, 2007

	 	•	 	Borrower has filed two patent applications with the US Patent and Trademark Office. 

  

	 	•	 	The first application is related to keeping a big data platform in synch and consistent with a database in a multi-tenant architecture. Filing date was February 10, 2014. The application number is 14/177,121.

  

	 	•	 	The second application covers partitioning data stores using tenant specific partitioning strategies. Filing date was March 21, 2014. The application number is 61/969,081. 

Embedded open source, copyleft or community source code in any of its products generally available or in development, which requires Borrower to license
such product to third parties 
  

			
	 Name of the Software / Tool
	  	 License

	Red Hat Enterprise Linux ES 5	  	http://www.redhat.com/licenses/products/
		
	Oracle Linux	  	https://oss.oracle.com/ol6/EULA
		
	Java Programming Language	  	http://www.oracle.com/technetwork/java/javase/terms/license/index.html
		
	Javascript	  	http://www.mozilla.org/MPL/license-policy.html
		
	Jboss Application Server 4.0.2	  	http://www.gnu.org/licenses/lgpl.html
		
	Jboss Application Server 7.1.1.Final	  	http://www.gnu.org/licenses/lgpl.html
		
	Hibernate 3.3.2	  	http://www.gnu.org/licenses/lgpl.html
		
	Hibernate 4.1.4	  	http://www.gnu.org/licenses/lgpl.html
		
	SAML-2.0	  	http://www.apache.org/licenses/LICENSE-2.0.html
		
	Spring Framework	  	http://www.apache.org/licenses/LICENSE-2.0.html
		
	- Version 3.0.1	  	
		
	Spring Framework	  	http://www.apache.org/licenses/LICENSE-2.0.html
		
	- Version 3.1.1	  	
		
	Apache Software Foundation - commons-collections 3.0	  	http://www.apache.org/licenses/LICENSE-2.0
		
	Joda Time	  	http://joda-time.sourceforge.net/license.html
		
	Apache Software Foundation	  	http://www.apache.org/licenses/LICENSE-2.0
		
	Xdoclet	  	http://xdoclet.sourceforge.net/xdoclet/licenses/xdoclet-license.html
		
	Quartz - 1.6	  	http://www.apache.org/licenses/LICENSE-2.0

			
	 Name of the Software / Tool
	  	 License

	OGNL Technology	  	http://www.ognl.org/copyright.html
		
	Junit	  	http://junit.sourceforge.net/cpl-v10.html
		
	Jexcel	  	http://www.teamdev.com/jexcel/license.jsf
		
	TinyMCE	  	http://tinymce.moxiecode.com/license.php
		
	Javascript / AJAX libraries	  	
		
		  	http://dev.rubyonrails.org/browser/spinoffs/prototype/trunk/LICENSE?format=raw
		
		  	http://script.aculo.us/downloads
		
		  	http://extjs.com/products/license.php
		
		  	http://developer.yahoo.com/yui/license.html
		
		  	http://dojotoolkit.org/license
		
		  	http://oss.metaparadigm.com/jsonrpc/download.html
		
		  	https://raw.github.com/joyent/node/v0.10.7/LICENSE
		
		  	https://github.com/jrburke/requirejs/blob/master/LICENSE
		
		  	https://developers.google.com/closure/compiler/
		
		  	http://mutedsolutions.mit-license.org/
		
		  	http://opensource.org/licenses/MIT
		
		  	http://fontawesome.io/license/
		
		  	https://github.com/warpech/jquery-handsontable/blob/master/LICENSE
		
		  	http://www.opensource.org/licenses/MIT
		
		  	http://www.opensource.org/licenses/MIT
		
		  	Dual-licensed under Apache 2 and GPL 2; see project home page
		
		  	https://github.com/kriskowal/q/blob/master/LICENSE
		
		  	http://www.opensource.org/licenses/mit-license.php
		
		  	http://www.opensource.org/licenses/mit-license.php
		
		  	http://www.opensource.org/licenses/mit-license.php
		
		  	http://creativecommons.org/licenses/LGPL/2.1/
		
		  	http://www.apache.org/licenses/LICENSE-2.0
		
		  	http://www.opensource.org/licenses/mit-license.php
		
		  	http://www.opensource.org/licenses/mit-license.php
		
		  	http://www.opensource.org/licenses/mit-license.php
		
		  	http://www.opensource.org/licenses/mit-license.php
		
		  	http://www.apache.org/licenses/LICENSE-2.0
		
		  	http://opensource.org/licenses/MIT
		
		  	http://nytimes.github.io/backbone.stickit/#f-a-q/license

			
	 Name of the Software / Tool
	  	 License

		  	http://ckeditor.com/about/license
		
		  	http://opensource.org/licenses/BSD-2-Clause
		
	Eclipse IDE	  	http://www.eclipse.org/legal/epl-v10.html
		
	Version Control	  	
		
		  	http://www.mozilla.org/MPL/license-policy.html
		
		  	http://opensource.org/docs/osd
		
	CVSGui	  	http://www.wincvs.org/
		
	Bugzilla	  	http://www.mozilla.org/MPL/license-policy.html
		
	Cygwin	  	http://www.cygwin.com/licensing.html
		
	Apache Software Foundation	  	http://www.apache.org/licenses/LICENSE-2.0
		
	ProGuard	  	http://proguard.sourceforge.net/license.html
		
	WinSCP	  	http://winscp.net/eng/download.php#licence
		
	Flex 3.0 SDK	  	http://labs.adobe.com/wiki/index.php/Flex:Open_Source#License
		
	Pantaste	  	http://www.gnu.org/licenses/lgpl.html
		
	SQL Developer	  	http://www.oracle.com/technology/software/popup-license/standard-license.html
		
	Python Programming Language	  	http://www.python.org/download/releases/2.5.4/license/
		
	Perl Programming Language	  	
		
	Jenkins	  	https://wiki.jenkins-ci.org/display/JENKINS/Meet+Jenkins
		
	SoapUI	  	http://www.soapui.org/Developers-Corner/soapui-license.html
		
	Sikuli	  	http://sikuli.org/LICENSE
		
	Selenium	  	http://www.apache.org/licenses/LICENSE-2.0
		
	Putty	  	http://www.chiark.greenend.org.uk/~sgtatham/putty/licence.html
		
	NotePad++	  	
		
	Clam AV	  	
		
	Log4 JDBC	  	http://www.apache.org/licenses/LICENSE-2.0
		
	jMock	  	http://jmock.org/license.html
		
	JAX-WS	  	https://glassfish.java.net/public/CDDL+GPL_1_1.html
		
	RESTeasy	  	http://www.jboss.org/resteasy
		
	JSON-API	  	http://jsonapi.org/
		
	Bootstrap	  	http://www.apache.org/licenses/LICENSE-2.0
		
	Backbone js	  	https://github.com/documentcloud/backbone/blob/master/LICENSE

			
	 Name of the Software / Tool
	  	 License

	Underscore js	  	https://github.com/documentcloud/underscore/blob/master/LICENSE
		
	Rhino	  	https://developer.mozilla.org/en-US/docs/Rhino/License
		
	SQLULDR	  	http://www.dbatools.net/mytools/sqluldr_comming.html
		
	Express (NodeJS module)	  	http://opensource.org/licenses/MIT
		
	Connect (NodeJS module)	  	http://opensource.org/licenses/MIT
		
	HTTP-Proxy (NodeJS module)	  	https://github.com/nodejitsu/node-http-proxy/blob/master/LICENSE
		
	Async (NodeJS module)	  	https://github.com/caolan/async/blob/master/LICENSE
		
	Request (NodeJS module)	  	https://github.com/mikeal/request/blob/master/LICENSE
		
	Node-Inspector (NodeJS module)	  	https://github.com/dannycoates/node-inspector/blob/master/LICENSE
		
	Restify (NodeJS module)	  	https://github.com/mcavage/node-restify/blob/master/LICENSE
		
	Mocha Runner (NodeJS module)	  	http://opensource.org/licenses/mit-license.html
		
	Sprintf	  	https://github.com/alexei/sprintf.js/blob/master/LICENSE
		
	Bootstrap Tour	  	http://www.apache.org/licenses/LICENSE-2.0
		
	JQuery Cookie (JQuery module)	  	http://opensource.org/licenses/mit-license.html
		
	sshxcute	  	http://www.apache.org/licenses/LICENSE-2.0

 Schedule 5.20 

Permits 
  

	 	•	 	Borrower and its Subsidiaries maintain general business permits for the operation of their business in the ordinary course. 

Schedule 5.24 

No Rights to Provide Financial Advisory Services 
  

	 	•	 	None. 

 Schedule 5.27 

Location of Assets 
  

					
	 Complete street and mailing

address, including county
	 	 Name of Company/Subsidiary
	 	 Equipment/Inventory/other

Collateral

	 225 West Santa Clara Street
 Suite 1200

San Jose, CA 95113
	 	Xactly Corporation	 	 Headquarters Office
     -
Office Equipment
     - Computer Equipment

			
	 1860 Blake Street
 Suite 320

Denver, CO 80202
	 	Xactly Corporation	 	 Sales Office
     - Office
Equipment

			
	 Survey No. 53, I-Niche Building, 3rd Floor

Devarabeesanahalli Village, Varthur Hobli
 Bangalore –
560035
 India
	 	Xactly Technologies India Pvt Ltd	 	 R&D Office
     –
Office Equipment

			
	 9 Devonshire Square
 London, EC2M 4YF

United Kingdom
	 	Xactly Corporation	 	 Sales Office
     - Office
Equipment

			
	 Opsource
 C/O Equinix

21701 Filigree Ct., Bldg D
 Ashburn, VA 20147
	 	Xactly Corporation	 	Servers
			
	 Opsource
 Equinix Building SV4

C/O Equinix
 255 Caspian Dr

Sunnyvale, CA 94089
	 		 	Servers
			
	 Internap Network Services
 2151 Mission College
Blvd
 Santa Clara, CA 95054
	 	Xactly Corporation	 	Servers/storage devices
	 300 Park Avenue
 San Jose, CA 95110
	 	Xactly Corporation	 	 New Headquarters Starting February 2015 (Anticipated)

    - Office Equipment

    - Computer Equipment

 Schedule 5.28 

Predecessors 
  

	 	•	 	Hoops Acquisition Corporation – Incorporated January 16, 2009 and certified by Delaware on January 20, 2009 as wholly owned subsidiary of Xactly Corporation. Hoops merged with and into Centive, Inc.
pursuant to the Centive merger documents on January 19, 2009. 

 Schedule 5.31 

DDAs 
  

							
	 Institution Name and Address
	 	 Account Number
	 	 Name of Account Owner
	 	 Purpose of Account

	 Silicon Valley Bank (Chkg)
	 	XXX	 	Xactly Corporation	 	General checking
				
	 Silicon Valley Bank (MMA)
	 	XXX	 	Xactly Corporation	 	Money market account
				
	 Silicon Valley Bank(PR)
	 	XXX	 	Xactly Corporation	 	Payroll account
				
	 Silicon Valley Bank (Lockbox)
	 	XXX	 	Xactly Corporation	 	Lockbox account
				
	 Silicon Valley Bank (Cash Sweep)
	 	XXX	 	Xactly Corporation	 	Overnight cash sweep account
				
	 Silicon Valley Bank (Marketing)
	 	XXX	 	Xactly Corporation	 	Marketing related, used for online cash receipts
				
	 Silicon Valley Bank (RiverPark)
	 	XXX	 	Xactly Corporation	 	Restricted – San Jose RiverPark facility
				
	 Silicon Valley Bank (SJ)
	 	XXX	 	Xactly Corporation	 	Restricted – San Jose facility
				
	 Silicon Valley Bank
	 	XXX	 	Xactly Corporation	 	CD
				
	 Silicon Valley Bank
	 	XXX	 	Xactly Corporation	 	CD
				
	 SVB Securities
	 	XXX	 	Xactly Corporation	 	Money market account
				
	 Citibank N.A. (INR)

3rd Floor, Canberra Block,

U.B. City, #24, Vittal Malya Road

Bangalore, 560 001

India
	 	XXX	 	Xactly Technologies India Pvt Ltd	 	General checking
				
	 Nortons Group

Highland House Basingstoke Rd

Spencer Woods, Reading

Berkshire, United Kingdom
	 		 	Nortons Group	 	Account owned by Nortons to pay expenses in UK

 Schedule 6.11(h) 

Material Agreements 
  

	 	•	 	Borrower and Centive, Inc. are party to an Amended and Restated Loan and Security Agreement, Intellectual Property Security Agreement and other ancillary agreements referenced therein with Silicon Valley Bank, each
dated as of August 20, 2012, as amended. 

  

	 	•	 	Mezzanine Loan and Security Agreement, dated as of October 24, 2014, between Silicon Valley Bank and Borrower. 

  

	 	•	 	Office Lease, dated as of August 6, 2014, by and between RIVERPARK TOWER II, LLC, and Borrower. 

Schedule 6.12(h) 

Negative Covenants 
  

	 	•	 	None.

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