Document:

EX-10.21

 Exhibit 10.21 

EXECUTION VERSION 

LOAN AND SECURITY AGREEMENT 

THIS LOAN AND SECURITY AGREEMENT (as the same may be amended, restated, modified, or supplemented from time to time, this
“Agreement”) dated as of September 28, 2018 (the “Effective Date”) among Solar Capital Ltd., a Maryland corporation with an office located at 500 Park Avenue, 3rd Floor, New York, NY 10022
(“Solar”), as collateral agent (in such capacity, together with its successors and assigns in such capacity, “Collateral Agent”), and the lenders listed on Schedule 1.1 hereof or otherwise a party hereto from time
to time including Solar and Western Alliance Bank, an Arizona corporation (“Western Alliance Bank”), each in its capacity as a lender (together with any other lenders party hereto, the “Lenders” and each, a
“Lender”), and Cardiva Medical, Inc., a Delaware corporation with offices located at 2900 Lakeside Drive, Suite 160, Santa Clara, CA 95054 (“Borrower”), provides the terms on which the Lenders shall lend to Borrower
and Borrower shall repay the Lenders. The parties agree as follows: 
  

	1.	 DEFINITIONS AND OTHER TERMS 

1.1 Terms. Capitalized terms used herein shall have the meanings set forth in Section 1.3 to the extent defined therein. All other
capitalized terms used but not defined herein shall have the meaning given to such terms in the Code. Any accounting term used but not defined herein shall be construed in accordance with GAAP and all calculations shall be made in accordance with
GAAP. The term “financial statements” shall include the accompanying notes and schedules. 
 1.2 Section References.
Any section, subsection, schedule or exhibit references are to this Agreement unless otherwise specified. 
 1.3 Definitions. The
following terms are defined in the Sections or subsections referenced opposite such terms: 
  

					
	      	 	“Aggregate Bank Services Amount”	  	Exhibit B, Section 11
		 	“Agreement”	  	Preamble
		 	“Approved Lender”	  	Section 12.1
		 	“Bank Services”	  	Exhibit B, Section 11
		 	“Borrower”	  	Preamble
		 	“Cash Collateral”	  	Exhibit B, Section 11
		 	“Change of Control”	  	Section 7.2
		 	“Claims”	  	Section 12.2
		 	“Collateral Agent”	  	Preamble
		 	“Collateral Agent Report”	  	Exhibit B, Section 5
		 	“Costs”	  	Exhibit B, Section 6
		 	“Communications”	  	Section 10
		 	“Default Rate”	  	Section 2.3(b)
		 	“Deficiency”	  	Exhibit B, Section 11
		 	“Effective Date”	  	Preamble
		 	“Event of Default”	  	Section 8
		 	“Excluded Domestic Subsidiary”	  	Section 6.10

					
	      	 	“Indemnified Person”	  	Section 12.2
		 	“Initial Term Loan”	  	Section 2.2(a)(i)
		 	“Lender” and “Lenders”	  	Preamble
		 	“Lender Transfer”	  	Section 12.1
		 	“New Subsidiary”	  	Section 6.10
		 	“Non-Funding Lender”	  	Exhibit B, Section 10(c)(ii)
		 	“Other Lender”	  	Exhibit B, Section 10(c)(ii)
		 	“Perfection Certificate” and “Perfection Certificates”	  	Section 5.1
		 	“Reimbursement Obligations”	  	Exhibit B, Section 11
		 	“Secured Promissory Note”	  	Section 2.6
		 	“Subsequent Tranche I Conditions”	  	Section 3.2(f)
		 	“Subsequent Tranche II Conditions”	  	Section 3.2(g)
		 	“Subsequent Tranche I Term Loan”	  	Section 2.2(a)(ii)
		 	“Subsequent Tranche II Term Loan”	  	Section 2.2(a)(iii)
		 	“Solar”	  	Preamble
		 	“Term Loan”	  	Section 2.2(a)(iii)
		 	“Termination Date”	  	Exhibit B, Section 8
		 	“Transfer”	  	Section 7.1
		 	“U.S. Tax Compliance Certificate”	  	Section 2.5(e)(ii)(2)(C)
		 	“Western Alliance Bank”	  	Preamble

 In addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:

 “Acceptable Replacement Agreement” means a Replacement Agreement for which the terms of such Replacement Agreement are
substantially the same (or better) (including economic terms) as those of the Principal Agreement it is replacing in the reasonable discretion of the Borrower. 

“Account” is any “account” as defined in the Code with such additions to such term as may hereafter be made
under the Code, and includes, without limitation, all accounts receivable and other sums owing to Borrower. 
 “Account
Debtor” is any “account debtor” as defined in the Code with such additions to such term as may hereafter be made under the Code. 

“Affiliate” of any Person is a Person that owns or controls directly or indirectly the Person, any Person that controls or is
controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that Person’s managers and members. 

“Amortization Date” means for each Term Loan: 

(a) October 1, 2021, if at least seven (7) Business Days prior to April 1, 2021 (w) Collateral Agent has received a written
request from Borrower to extend the Amortization Date, (x) Collateral Agent has received evidence reasonably satisfactory to it that on or prior to June 30, 2019, Borrower has satisfied the Subsequent Tranche I Conditions;
(y) Collateral Agent has received evidence reasonably satisfactory to it that on or prior to June 30, 2020, Borrower has satisfied the Subsequent Tranche II Conditions; and (z) on such date, no Event of Default or Default has occurred
and is continuing; and 
 (b) if the conditions described in clause (a) above are not satisfied, April 1, 2021. 

 “Anti-Terrorism Laws” are any laws relating to terrorism or money
laundering, including without limitation Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC. 

“Approved Fund” is any (i) investment company, fund, trust, securitization vehicle or conduit that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business or (ii) any Person (other than a natural person) which temporarily warehouses loans for
any Lender or any entity described in the preceding clause (i) and that, with respect to each of the preceding clauses (i) and (ii), is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) a Person
(other than a natural person) or an Affiliate of a Person (other than a natural person) that administers or manages a Lender. 

“Blocked Person” is any Person: (a) listed in the annex to, or is otherwise subject to the provisions of, Executive
Order No. 13224, (b) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to the provisions of, Executive Order No. 13224, (c) a Person with which any Lender is
prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law, (d) a Person that commits, threatens or conspires to commit or supports “terrorism” as defined in Executive Order No. 13224, or
(e) a Person that is named a “specially designated national” or “blocked person” on the most current list published by OFAC or other similar list. 

“Borrower’s Books” are Borrower’s or any of its Subsidiaries’ books and records including ledgers, federal,
and state tax returns, records regarding Borrower’s or its Subsidiaries’ assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information.

 “Business Day” is any day that is not a Saturday, Sunday or a day on which commercial banks in New York, New York or
Pasadena, California are required or authorized to be closed. 
 “Cash Equivalents” are (a) marketable direct
obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one
(1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc., (c) certificates of deposit maturing no more than one (1) year after issue
provided that the account in which any such certificate of deposit is maintained is subject to a Control Agreement in favor of Collateral Agent, and (d) any money market or similar funds that exclusively hold any of the foregoing. 

 “Code” is the Uniform Commercial Code, as the same may, from time to time,
be enacted and in effect in the State of New York; provided, that, to the extent that the Code is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code, the
definition of such term contained in Article or Division 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, or priority of, or remedies with respect to,
Collateral Agent’s Lien on any Collateral is governed by the Uniform Commercial Code in effect in a jurisdiction other than the State of New York, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such
other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority, or remedies and for purposes of definitions relating to such provisions. 

“Collateral” is any and all properties, rights and assets of Borrower described on Exhibit A. 

“Collateral Account” is any Deposit Account, Securities Account, or Commodity Account, or any other bank account maintained
by Borrower or any Subsidiary at any time; provided that the Excluded Account shall not be a Collateral Account. 
 “Commitment
Percentage” is set forth in Schedule 1.1, as amended from time to time. 
 “Commodity Account” is any
“commodity account” as defined in the Code with such additions to such term as may hereafter be made under the Code. 

“Compliance Certificate” is that certain certificate in substantially the form attached hereto as Exhibit D. 

“Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or not, of that Person for
(a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that
Person, or for which that Person is directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement,
interest rate cap or collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include
endorsements in the ordinary course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably
anticipated liability for it determined by the Person in good faith in accordance with GAAP; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 

“Control Agreement” is any control agreement entered into among the depository institution at which Borrower or any of its
Subsidiaries maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower or any of its Subsidiaries maintains a Securities Account or a Commodity Account, Borrower or such Subsidiary, as applicable, and
Collateral Agent pursuant to which Collateral Agent, for the ratable benefit of the Secured Parties, obtains “control” (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account. 

 “Copyrights” are any and all copyright rights, copyright applications,
copyright registrations and like protections in each work of authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret. 

“Default” is any event that, with the giving of notice or passage of time or both, would constitute an Event of Default. 

“Deposit Account” is any “deposit account” as defined in the Code with such additions to such term as may hereafter
be made. 
 “Designated Deposit Account” is Borrower’s deposit account, account number [intentionally omitted],
maintained at Western Alliance Bank. 
 “Disclosure Schedules” the disclosure schedules to this agreement, as amended or
supplemented from time to time by Borrower with the written consent of the Required Lenders (or as supplemented by Borrower pursuant to the terms of the Loan Documents), delivered by Borrower to the Lenders. 

“Dollars,” “dollars” and “$” each mean lawful money of the United States. 

“Domestic Subsidiary” is any Subsidiary that is not a Foreign Subsidiary. 

“Eligible Assignee” is (i) a Lender, (ii) an Affiliate of a Lender, (iii) an Approved Fund and (iv) any
commercial bank, savings and loan association or savings bank or any other entity which is an “accredited investor” (as defined in Regulation D under the Securities Act of 1933, as amended) and which extends credit or buys loans as one of
its businesses, including insurance companies, mutual funds, lease financing companies and commercial finance companies, in each case, which either (A) has a rating of BBB or higher from Standard & Poor’s Rating Group and a rating
of Baa2 or higher from Moody’s Investors Service, Inc. at the date that it becomes a Lender or (B) has total assets in excess of Two Billion Five Hundred Million Dollars ($2,500,000,000.00), and in each case of clauses (i) through
(iv), which, through its applicable lending office, is capable of lending to Borrower without the imposition of any withholding or similar Taxes; provided that notwithstanding the foregoing, “Eligible Assignee” shall not include, unless an
Event of Default has occurred and is continuing, (i) Borrower or any of Borrower’s Affiliates or Subsidiaries or (ii) a direct competitor of Borrower or a vulture hedge fund, each as determined by Collateral Agent in its reasonable
discretion. Notwithstanding the foregoing, (x) in connection with any assignment made by a Lender as a result of a forced divestiture at the request of any regulatory agency, the restrictions set forth herein shall not apply and Eligible
Assignee shall mean any Person or party and (y) in connection with a Lender’s own financing or securitization transactions, the restrictions set forth herein shall not apply and Eligible Assignee shall mean any Person or party providing
such financing or formed to undertake such securitization transaction and any transferee of such Person or party upon the occurrence of a default, event of default or similar occurrence with respect to such financing or securitization transaction;
provided that no such sale, transfer, pledge or assignment under this clause (y) shall release such Lender from any of its obligations hereunder or substitute any such Person or party for such Lender as a party hereto until Collateral Agent
shall have received and accepted an effective assignment agreement from such Person or party in form satisfactory to Collateral Agent executed, delivered and fully completed by the applicable parties thereto, and shall have received such other
information regarding such Eligible Assignee as Collateral Agent reasonably shall require. 

 “Equipment” is all “equipment” as defined in the Code with such
additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 

“ERISA” is the Employee Retirement Income Security Act of 1974, as amended, and its regulations. 

“Excluded Account” means Borrower’s lockbox account, account number [intentionally omitted], maintained at Bank of
America, N.A., provided that all funds deposited into such account are swept to the Designated Deposit Account daily. 
 “Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise
Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction
imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to
an applicable interest in a Loan or Term Loan Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Term Loan Commitment or (ii) such Lender changes its lending office, except in
each case to the extent that, pursuant to Section 2.5, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed
its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.5(e) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Exigent Circumstance” means any event or circumstance that, in the reasonable judgment of Collateral Agent, imminently
threatens the ability of Collateral Agent to realize upon all or any material portion of the Collateral, such as, without limitation, fraudulent removal, concealment, or abscondment thereof, destruction or material waste thereof, or failure of
Borrower or any of its Subsidiaries after reasonable demand to maintain or reinstate adequate casualty insurance coverage, or which, in the judgment of Collateral Agent, could reasonably be expected to result in a material diminution in value of the
Collateral. 
 “Existing Loan Agreement” means that certain Loan and Security Agreement, dated as of February 2, 2017,
by and among Borrower, Solar Capital Ltd., as lender, and Western Alliance Bank, as lender, as amended by that certain Omnibus Amendment, dated as of December 21, 2017, and as further amended, restated, or otherwise modified prior to the
Effective Date. 
 “Exit Fee Agreement” means that certain exit fee agreement, entered into as of the date hereof by and
between Lenders and Borrower. 
 “FATCA” means Sections 1471 through 1474 of the IRC, as of the date of this Agreement (or
any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to
Section 1471(b)(1) of the IRC, any intergovernmental agreement entered into in connection with the implementation of such Sections of the IRC and any fiscal or regulatory legislation, rules or practices adopted pursuant to such
intergovernmental agreement. 

 “FDA” means the U.S. Food and Drug Administration or any successor thereto
or any other comparable Governmental Authority. 
 “Final Fee” is a payment (in addition to and not a substitution for the
regular monthly payments of principal plus accrued interest or any other fee payable hereunder) (a) due on the earliest to occur of (i) the Maturity Date, (ii) the acceleration of the Term Loans, and (iii) the prepayment of the
Term Loans pursuant to Section 2.2(c) or (d), and (b) equal to five and one-half percent (5.50%) of the principal amount of the Term Loans funded. The Final Fee shall be fully earned on the date so
paid, non-refundable for any reason when earned and payable ninety percent (90%) to Solar and ten percent (10%) to Western Alliance Bank. 

“Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the
Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for Tax purposes. 

“Foreign Subsidiary” is a Subsidiary that is not an entity organized under the laws of the United States or any state thereof
or the District of Columbia. 
 “Funding Date” is any date on which a Term Loan is made to or on account of Borrower which
shall be a Business Day. 
 “GAAP” is generally accepted accounting principles set forth in the opinions and pronouncements
of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a
significant segment of the accounting profession in the United States, which are applicable to the circumstances as of the date of determination. 

“General Intangibles” are all “general intangibles” as defined in the Code in effect on the date hereof with
such additions to such term as may hereafter be made under the Code, and includes without limitation, all copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether
published or unpublished, any patents, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, any trade secret rights, including any rights to unpatented inventions, payment
intangibles, royalties, contract rights, goodwill, franchise agreements, purchase orders, customer lists, route lists, telephone numbers, domain names, claims, income and other Tax refunds, security and other deposits, options to purchase or sell
real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of
insurance and rights to payment of any kind. 
 “Governmental Approval” is any consent, authorization, approval, order,
license, franchise, permit, certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

 “Governmental Authority” is any nation or government, any state or other
political subdivision thereof, any agency, authority, instrumentality, regulatory body (including, without limitation, the FDA), court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
functions of or pertaining to government, any securities exchange and any self-regulatory organization. 
 “Guarantor” is
any Person providing a Guaranty in favor of Collateral Agent for the benefit of the Secured Parties (including without limitation pursuant to Section 6.10). 

“Guaranty” is any guarantee of all or any part of the Obligations, as the same may from time to time be amended, restated,
modified or otherwise supplemented. 
 “Indebtedness” is (a) indebtedness for borrowed money or the deferred price of
property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations, and (d) Contingent
Obligations. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any
payment made by or on account of any obligation of Borrower under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Initial Term Loan Commitment” is for any Lender, the obligation of such Lender to make an Initial Term Loan, up to the
principal amount shown on Schedule 1.1. 
 “Insolvency Proceeding” is any proceeding by or against any Person under the
United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions or proceedings seeking reorganization, arrangement, or other relief. 

“Insolvent” means not Solvent. 

“Intellectual Property” means all of Borrower’s or any of its Subsidiaries’ right, title and interest in and to the
following: 
 (a) its Copyrights, Trademarks and Patents; 

(b) any and all trade secrets and trade secret rights, including, without limitation, any rights to unpatented inventions, know-how, operating manuals; 
 (c) any and all source code; 

(d) any and all design rights which may be available to Borrower; 

 (e) any and all claims for damages by way of past, present and future infringement of any of
the foregoing, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the Intellectual Property rights identified above; and 

(f) all amendments, renewals and extensions of any of the Copyrights, Trademarks or Patents. 

“Inventory” is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term
as may hereafter be made under the Code, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is
temporarily out of any Person’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above. 

“Investment” is any beneficial ownership interest in any Person (including stock, partnership interest or other securities),
and any loan, advance or capital contribution to any Person. 
 “IPO” means the initial public offering and sale of
Borrower’s common stock. 
 “IRC” means the Internal Revenue Code of 1986, as amended, and the Treasury Regulations
adopted thereunder. 
 “Key Person” is each of Borrower’s (i) President and Chief Executive Officer, who is John
Russell as of the Effective Date, (ii) Chief Financial Officer, who is Lisa Garrett as of the Effective Date, and (iii), Chief Technology Officer, who is Zia Yassinzadeh as of the Effective Date. 

“Knowledge” means to the “best of” Borrower’s knowledge, or with a similar qualification, knowledge or
awareness means the actual knowledge, after reasonable investigation, of the Responsible Officers. 
 “Lender” is any one
of the Lenders. 
 “Lenders” are the Persons identified on Schedule 1.1 hereto and each assignee that becomes a
party to this Agreement pursuant to Section 12.1. 
 “Lenders’ Expenses” are (a) all reasonable audit fees
and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses, as well as appraisal fees, fees incurred on account of lien searches, inspection fees, and filing fees) for preparing, amending, negotiating and administering
the Loan Documents, and (b) all fees and expenses (including attorneys’ fees and expenses , as well as appraisal fees, fees incurred on account of lien searches, inspection fees, and filing fees) for defending and enforcing the Loan
Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred by Collateral Agent and/or the Lenders in connection with the Loan Documents, provided, however, that the amount of
Lenders’ Expenses shall be net of any diligence deposit paid by Borrower to Collateral Agent prior to the Effective Date. 

 “LIBOR Rate” means the greater of (i) 0.63% per annum, or (ii) the
rate per annum rate published by the Intercontinental Exchange Benchmark Administration Ltd. (the “Service”) (or on any successor or substitute page of such Service, or any successor to or substitute for such Service) for a term of
one (1) month, which determination by the Collateral Agent shall be conclusive in the absence of manifest error. 

“Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest, or other encumbrance of any kind,
whether voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Loan Documents” are,
collectively, this Agreement, the Exit Fee Agreement, the Perfection Certificates, the Disclosure Schedules, each Compliance Certificate, each Loan Payment Request Form, any Guarantees, any subordination agreements, any note, or notes or guaranties
executed by Borrower or any other Person, any agreements creating or perfecting rights in the Collateral (including all insurance certificates and endorsements, landlord consents and bailee consents) and any other present or future agreement entered
into by Borrower, any Guarantor or any other Person for the benefit of the Lenders and Collateral Agent, as applicable, in connection with this Agreement; all as amended, restated, or otherwise modified. 

“Loan Payment Request Form” is that certain form attached hereto as Exhibit C. 

“Material Adverse Change” is (a) a material adverse change in the business, operations or condition (financial or
otherwise) of Borrower and its Subsidiaries, when taken as a whole; or (b) a material impairment of (i) the prospect of repayment of any portion of the Obligations, (ii) the legality, validity or enforceability of any Loan Document,
(iii) the rights and remedies of Collateral Agent or Lenders under any Loan Document except as the result of the action or inaction of the Collateral Agent or Lenders or (iv) the validity, perfection or priority of any Lien in favor of
Collateral Agent for the benefit of the Secured Parties on any of the Collateral except as the result of the action or inaction of the Collateral Agent or Lenders. 

“Material Agreement” is any license, agreement or other contractual arrangement whereby Borrower or any of its Subsidiaries
is reasonably likely to be required to transfer, either in-kind or in cash, prior to the Maturity Date, assets or property valued (book or market) at more than Two Hundred Fifty Thousand Dollars ($250,000.00)
in the aggregate. 
 “Maturity Date” is, for each Term Loan, September 1, 2022. 

“Obligations” are all of Borrower’s obligations to pay when due any debts, principal, interest, Lenders’ Expenses,
the Prepayment Premium, the Final Fee, and any other amounts Borrower owes the Collateral Agent or the Lenders now or later, in connection with, related to, following, or arising from, out of or under, this Agreement or, the other Loan Documents
(other than any warrants or equity securities or the Exit Fee Agreement), and including interest accruing after Insolvency Proceedings begin (whether or not allowed) and debts, liabilities, or obligations of Borrower assigned to the Lenders and/or
Collateral Agent in connection with this Agreement and the other Loan Documents (other than any warrants or equity securities or the Exit Fee Agreement), and the performance of Borrower’s duties under the Loan Documents (other than any warrants
or equity securities or the Exit Fee Agreement). 

 “OFAC” is the U.S. Department of Treasury Office of Foreign Assets Control.

 “OFAC Lists” are, collectively, the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant
to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) and/or any other list of terrorists or other restricted Persons maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive
Orders. 
 “Operating Documents” are, for any Person, such Person’s formation documents, as certified by the Secretary
of State (or equivalent agency) of such Person’s jurisdiction of organization on a date that is no earlier than thirty (30) days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current form,
(b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all
current amendments or modifications thereto. 
 “Other Connection Taxes” means, with respect to any Recipient, Taxes
imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under,
received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Term Loan or Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment. 
 “Patents” means all patents, patent applications and
like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 

“Payment Date” is the first (1st) calendar day of each calendar month, commencing on October 1, 2018. 

“Permitted Indebtedness” is: 

(a) Borrower’s Indebtedness to the Lenders and Collateral Agent under this Agreement and the other Loan Documents; 

(b) Indebtedness existing on the Effective Date and disclosed on the Disclosure Schedules; 

(c) Subordinated Debt; 
 (d)
unsecured Indebtedness to trade creditors and Indebtedness (secured in an amount not to exceed Seventy Five Thousand Dollars ($75,000.00) or unsecured) in connection with credit cards incurred in the ordinary course of business; 

 (e) Indebtedness consisting of capitalized lease obligations and purchase money
Indebtedness, in each case incurred by Borrower or any of its Subsidiaries to finance the acquisition, repair, improvement or construction of fixed or capital assets of such person, provided that (i) the aggregate outstanding principal amount
of all such Indebtedness does not exceed Two Hundred Fifty Thousand Dollars ($250,000.00) at any time and (ii) the principal amount of such Indebtedness does not exceed the lower of the cost or fair market value of the property so acquired or
built or of such repairs or improvements financed with such Indebtedness (each measured at the time of such acquisition, repair, improvement or construction is made); 

(f) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of Borrower’s business; 

(g) reimbursement obligations in respect of letters of credit securing obligations under real property leases entered into in the ordinary
course of Borrower’s business and reimbursement obligations in respect of other letters of credit in the aggregate amount not to exceed Two Hundred Fifty Thousand Dollars ($250,000.00) at any time; 

(h) Indebtedness incurred in connection with Bank Services to the extent permitted by Section 11 of Exhibit B hereto; 

(i) other unsecured Indebtedness at any time not exceed Two Hundred Fifty Thousand Dollars ($250,000.00) in the aggregate; and 

(j) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (h) above,
provided that the principal amount thereof is not increased or the terms thereof are not modified to impose materially more burdensome terms upon Borrower, or its Subsidiary, as the case may be. 

“Permitted Investments” are: 

(a) Investments disclosed on the Disclosure Schedules and existing on the Effective Date; 

(b) (i) Investments consisting of cash and Cash Equivalents, and (ii) any Investments permitted by Borrower’s investment policy,
as amended from time to time, provided that such investment policy (and any such amendment thereto) has been approved in writing by Collateral Agent; 

(c) Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary
course of Borrower; 
 (d) Investments consisting of Deposit Accounts in which Collateral Agent has a perfected Lien (subject to the terms of
this Agreement) for the ratable benefit of the Secured Parties; 
 (e) Investments in connection with Transfers permitted by Section 7.1
and Investments permitted by Section 7.3; 

 (f) Investments consisting of (i) travel advances and employee relocation loans and
other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or
agreements approved by Borrower’s board of directors; not to exceed One Hundred Thousand Dollars ($100,000.00) in the aggregate for (i) and (ii) in any fiscal year; 

(g) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in
settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 
 (h)
Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business; provided that this paragraph (h) shall not apply to
Investments of Borrower in any Subsidiary; 
 (i) Investments in co-Borrowers or Subsidiaries that
are Guarantors; 
 (j) Investments in Subsidiaries that are not Guarantors, not to exceed One Hundred Thousand Dollars ($100,000.00) per
fiscal year; and 
 (k) non-cash Investments in joint ventures, corporate collaborations or strategic
alliances in the ordinary course of Borrower’s business consisting of the licensing of technology, the development of technology or the providing of technical support. 

“Permitted Licenses” are (A) licenses of
over-the-counter software that is commercially available to the public, (B) non-exclusive licenses for the use of the
Intellectual Property of Borrower or any of its Subsidiaries entered into in the ordinary course of business or as is customary in Borrower’s industry, provided, that, with respect to each such license described in clause (B), the license
constitutes an arms-length transaction, the terms of which, on their face, do not provide for a sale or assignment of any Intellectual Property and do not restrict the ability of Borrower or any of its Subsidiaries, as applicable, to pledge, grant a
security interest in or lien on, or assign or otherwise Transfer any Intellectual Property, and (C) exclusive licenses for the use of the Intellectual Property of Borrower or any of its Subsidiaries entered into in the ordinary course of
business, provided, that, with respect to each such license described in this clause (C), the license (i) constitutes an arms-length transaction, the terms of which, on their face, do not provide for a sale or assignment of any Intellectual
Property and do not restrict the ability of Borrower or any of its Subsidiaries, as applicable, to pledge, grant a security interest in or lien on, or assign or otherwise Transfer any Intellectual Property, (ii) is limited in territory with
respect to a specific geographic country or region (i.e. Japan, Germany, northern China) outside of the United States, and (iii) Borrower has used commercially reasonable efforts to obtain the consent and acknowledgment of the counterparty to
such license for the collateral assignment of such license to the Collateral Agent for the benefit of the Lenders. 
 “Permitted
Liens” are: 
 (a) Liens existing on the Effective Date and disclosed on the Disclosure Schedules or arising under this Agreement
and the other Loan Documents; 

 (b) Liens for Taxes, fees, assessments or other government charges or levies, either
(i) not due and payable or (ii) being contested in good faith and for which Borrower maintains adequate reserves on its Books, provided that no notice of any such Lien has been filed or recorded under the Internal Revenue Code of 1986, as
amended, and the Treasury Regulations adopted thereunder; 
 (c) Liens securing Indebtedness permitted under clause (e) of the
definition of “Permitted Indebtedness,” provided that (i) such liens exist prior to the acquisition of, or attach substantially simultaneous with, or within twenty (20) days after the, acquisition, lease, repair, improvement or
construction of, such property financed or leased by such Indebtedness and (ii) such liens do not extend to any property of Borrower other than the property (and proceeds thereof) acquired, leased or built, or the improvements or repairs,
financed by such Indebtedness; 
 (d) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in
the ordinary course of business so long as such Liens attach only to Inventory, securing liabilities in the aggregate amount not to exceed One Hundred Thousand Dollars ($100,000.00), and which are not delinquent or remain payable without penalty or
which are being contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or sale of the property subject thereto; 

(e) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions,
social security and other like obligations incurred in the ordinary course of business (other than Liens imposed by ERISA); 
 (f) Liens
incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (c), 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; 
 (g) leases or subleases of real property granted in the ordinary course of
Borrower’s business (or, if referring to another Person, in the ordinary course of such Person’s business), and leases, subleases, non-exclusive licenses or sublicenses of personal property (other
than Intellectual Property) granted in the ordinary course of Borrower’s business (or, if referring to another Person, in the ordinary course of such Person’s business), if the leases, subleases, licenses and sublicenses do not prohibit
granting Collateral Agent or any Lender a security interest therein; 
 (h) banker’s liens, rights of setoff and Liens in favor of
financial institutions incurred in the ordinary course of business arising in connection with Borrower’s deposit accounts or securities accounts held at such institutions solely to secure payment of fees and similar costs and expenses and
provided such accounts are maintained in compliance with Section 6.6(a) hereof; 
 (i) Liens arising from judgments, decrees or
attachments in circumstances not constituting an Event of Default under Section 8.4 or 8.7; 
 (j) Permitted Licenses; 

 (k) Liens on cash or deposit accounts to secure obligations not to exceed Seventy Five
Thousand Dollars ($75,000.00) in the aggregate in connection with credit cards incurred in the ordinary course of business; 
 (l) Liens on
cash or deposit accounts securing Permitted Indebtedness described in clause (g) of the definition of Permitted Indebtedness; and 
 (m)
Liens securing Permitted Indebtedness under clause (h) to the extent permitted by Section 11 of Exhibit B hereto. 

“Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 

“PMA Approval” means premarket approval from the FDA. 

“Prepayment Premium” is, in the event that the Term Loans are subject to prepayment prior to the Maturity Date, whether by
mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in an amount equal to: 

(i) for a prepayment made on or after the Effective Date through and including the first anniversary of the Effective Date,
three percent (3.00%) of the principal amount of the Term Loans funded; 
 (ii) for a prepayment made after the first
anniversary of the Effective Date through and including the second anniversary of the Effective Date, two percent (2.00%) of the principal amount of the Term Loans funded; 

(iii) for a prepayment made after the second anniversary of the Effective Date through and including the third anniversary of
the Effective Date, one percent (1.00%) of the principal amount of the Term Loans funded; and 
 (iv) for a prepayment made
after the third anniversary of the Effective Date, one-half percent (0.50%) of the principal amount of the Term Loans funded; 

provided that the amount of the Prepayment Premium shall be zero percent (0.00%) for any outstanding balance that is paid with a refinancing in which all of
the then existing Lenders (or an Affiliate of each such Lender) participate. 
 “Principal Agreement” means each of
(i) that certain Kensey Nash Supply Agreement dated as of February 26, 2010, by and between Kensey Nash Corporation, as seller, and Cardiva Medical, Inc., as buyer; (ii) that certain Shelter Plan Service Agreement dated June 10,
2014, by and between Cardiva Medical, Inc. and Offshore International, Incorporated; and (iii) any Acceptable Replacement Agreement in respect of the foregoing. 

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

 “Pro Rata Share” is, as of any date of determination, with respect to each
Lender, a percentage (expressed as a decimal, rounded to the ninth decimal place) determined by dividing the outstanding principal amount of the Term Loans held by such Lender by the aggregate outstanding principal amount of all Term Loans. 

“Recipient” means the Collateral Agent or any Lender, as applicable. 

“Registered Organization” is any “registered organization” as defined in the Code with such additions to such term
as may hereafter be made under the Code. 
 “Registration” means any registration, authorization, approval, license,
permit, clearance, certificate, and exemption issued or allowed by the FDA (including, without limitation, new drug applications, abbreviated new drug applications, biologics license applications, investigational new drug applications, over-the-counter drug monograph, device pre-market approval applications, device pre-market
notifications, investigational device exemptions, product recertifications, manufacturing approvals, registrations and authorizations, CE Marks, pricing and reimbursement approvals, labeling approvals or their foreign equivalent, controlled
substance registrations, and wholesale distributor permits). 
 “Regulatory Action” means an administrative or regulatory
enforcement action, proceeding, investigation or inspection, FDA Form 483 notice of inspectional observation, warning letter, untitled letter, other notice of violation letter, recall, seizure, Section 305 notice or other similar written
communication, or consent decree, issued by the FDA. 
 “Related Persons” means, with respect to any Person, each Affiliate
of such Person and each director, officer, employee, agent, trustee, representative, attorney, accountant and each insurance, environmental, legal, financial and other advisor and other consultants and agents of or to such Person or any of its
Affiliates. 
 “Replacement Agreement” means any agreement or agreements entered into between Borrower and any third party
that replaces a Principal Agreement. 
 “Required Lenders” means (i) for so long as all of the Persons that are
Lenders on the Effective Date (each an “Original Lender”) have not assigned or transferred any of their interests in their Term Loan other than to an Affiliate of such Lender, Lenders holding one hundred percent (100%) of the
aggregate outstanding principal balance of the Term Loans, or (ii) at any time from and after any Original Lender has assigned or transferred any interest in its Term Loan, Lenders holding at least sixty six and two thirds percent (66.66%) of
the aggregate outstanding principal balance of the Term Loans and, in respect of this clause (ii), (A) each Original Lender that has not assigned or transferred any portion of its Term Loan, (B) each assignee or transferee of an Original
Lender’s interest in the Term Loans, but only to the extent that such assignee or transferee is an Affiliate or Approved Fund of such Original Lender, and (C) any Person providing financing to any Person described in clauses (A) and
(B) above; provided, however, that this clause (C) shall only apply upon the occurrence of a default, event of default or similar occurrence with respect to such financing. 

“Requirement of Law” is as to any Person, the organizational or governing documents of such Person, and any law (statutory or
common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is
subject. 

 “Responsible Officer” is any of the President, Chief Executive Officer, or
Chief Financial Officer of Borrower acting alone. 
 “Secured Parties” means the Collateral Agent and the Lenders. 

“Securities Account” is any “securities account” as defined in the Code with such additions to such term as may
hereafter be made under the Code. 
 “Solvent” means, with respect to any Person, that (a) the fair salable value of
such Person’s consolidated assets (including goodwill minus disposition costs) exceeds the fair value of such Person’s liabilities, (b) such Person is not left with unreasonably small capital after giving effect to the transactions
contemplated by this Agreement and the other Loan Documents, and (c) such Person is able to pay its debts (including trade debts) as they mature in the ordinary course (without taking into account any forbearance and extensions related
thereto). 
 “Subordinated Debt” is indebtedness incurred by Borrower or any of its Subsidiaries subordinated to all
Indebtedness of Borrower and/or its Subsidiaries to the Lenders (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Collateral Agent and the Required Lenders entered into between Collateral
Agent, Borrower, and/or any of its Subsidiaries, and the other creditor). 
 “Subsequent Tranche I Draw Period” is the
period commencing on the Effective Date and ending on (and including) June 30, 2019. 
 “Subsequent Tranche II Draw
Period” is the period commencing on the July 1, 2019 and ending on (and including) June 30, 2020. 
 “Subsequent
Tranche I Term Loan Commitment” is for any Lender, the obligation of such Lender to make a Subsequent Tranche I Term Loan, up to the principal amount shown on Schedule 1.1. 

“Subsequent Tranche II Term Loan Commitment” is for any Lender, the obligation of such Lender to make a Subsequent Tranche II
Term Loan, up to the principal amount shown on Schedule 1.1. 
 “Subsidiary” is, with respect to any Person, any
Person of which more than fifty percent (50%) of the voting stock or other equity interests (in the case of Persons other than corporations) is owned or controlled, directly or indirectly, by such Person or through one or more intermediaries. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan Commitment” is for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown
on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders. 

 “Trademarks” means any trademark and servicemark rights, whether registered
or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks. 

“VASCADE MVP Mid-Bore Closure Device” means the closure device developed by Borrower
for mid-bore procedures. 
 “Withholding Agent” means the Borrower and the
Collateral Agent. 
  

	2.	 LOANS AND TERMS OF PAYMENT 

2.1 Promise to Pay. Borrower hereby unconditionally promises to pay each Lender, the outstanding principal amount of all Term Loans
advanced to Borrower by such Lender and accrued and unpaid interest thereon and any other amounts due hereunder as and when due in accordance with this Agreement. 

2.2 Term Loan. 
 (a)
Availability. 
 (i) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not
jointly, to make a term loan to Borrower on the Effective Date in an aggregate principal amount of Twenty Million Dollars ($20,000,000.00) according to each Lender’s Initial Term Loan Commitment as set forth on Schedule 1.1 hereto (the
“Initial Term Loan”). After repayment, the Initial Term Loan may not be re-borrowed. 

(ii) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Subsequent
Tranche I Draw Period, to make term loans to Borrower in an aggregate principal amount of up to Seven Million, Five Hundred Thousand Dollars ($7,500,000.00), in increments of at least Two Million, Five Hundred Thousand Dollars ($2,500,000.00),
according to each Lender’s Subsequent Tranche I Term Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Subsequent Tranche I Term Loan”, and collectively as the
“Subsequent Tranche I Term Loans). After repayment, no Subsequent Tranche I Term Loan may be re-borrowed. 

(iii) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the
Subsequent Tranche II Draw Period, to make term loans to Borrower in an aggregate principal amount of up to Seven Million, Five Hundred Thousand Dollars ($7,500,000.00), in increments of at least Two Million, Five Hundred Thousand Dollars
($2,500,000.00), according to each Lender’s Subsequent Tranche II Term Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Subsequent Tranche II Term Loan”, and
collectively as the “Subsequent Tranche II Term Loans”; each Initial Term Loan, Subsequent Tranche I Term Loan or Subsequent Tranche II Term Loan is hereinafter referred to singly as a “Term Loan” and the Initial Term
Loan, Subsequent Tranche I Term Loans and Subsequent Tranche II Term Loans are hereinafter referred to collectively as the “Term Loans”). After repayment, no Subsequent Tranche II Term Loan may be
re-borrowed. 

 (b) Repayment. 

(i) Interest-Only Payments. Borrower shall make monthly payments of interest only commencing on the first Payment Date
following the Funding Date of each Term Loan, and on each Payment Date thereafter prior to the Amortization Date. Borrower agrees to pay, on the first Payment Date following the Funding Date of each Term Loan, any initial partial monthly interest
payment due for the period between the Funding Date of such Term Loan and the first Payment Date following such Funding Date. 

(ii) Commencing on the Amortization Date, and continuing on the Payment Date of each month thereafter, Borrower shall
(i) make monthly payments of interest, to the respective Lender to which such payments are owed in accordance with its respective Pro Rata Share, as calculated by Collateral Agent (which calculations shall be deemed correct absent manifest
error) based upon the effective rate of interest applicable to the Term Loans, as determined in Section 2.3(a) plus (ii) make consecutive equal monthly payments of principal to the respective Lender to which such payments are owed in
accordance with its respective Pro Rata Share, as calculated by Collateral Agent (which calculations shall be deemed correct absent manifest error) based upon: (A) the Lender’s respective portion of the principal amount of the Term Loans
outstanding, and (B) a repayment schedule consisting of (x) if the Amortization Date shall be determined by reference to clause (b) of the definition thereof, eighteen (18) monthly payments; and (y) if the Amortization Date
shall be determined by reference to clause (a) of the definition thereof, twelve (12) monthly payments. All unpaid principal and accrued and unpaid interest with respect to the Term Loans is due and payable in full on the Maturity Date.
The Term Loans may only be prepaid in accordance with Sections 2.2(c) and 2.2(d). 
 (c) Mandatory Prepayments. If Term Loans are
accelerated following the occurrence of an Event of Default (other than any Event of Default triggered by a breach of Section 7.2(c)(ii)), Borrower shall immediately pay to Lenders, payable to each Lender in accordance with its respective Pro
Rata Share (except in the case of the Final Fee), an amount equal to the sum of: (i) all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, (ii) the applicable Final Fee paid in
accordance with the definition thereof, (iii) the Prepayment Premium, plus (iv) all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate, if applicable, with respect to any past due
amounts. Notwithstanding (but without duplication with) the foregoing, on the Maturity Date, if the Final Fee had not previously been paid in full in connection with the prepayment of the Term Loans in full, Borrower shall pay to the respective
Lender to which such payments are owed, the Final Fee in respect of the Term Loans. If a Change of Control occurs, Borrower shall immediately pay to Lenders, payable to each Lender in accordance with its respective Pro Rata Share (except in the case
of the Final Fee), an amount equal to the sum of: (A) all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, (B) the applicable Final Fee paid in accordance with the definition
thereof, (C) the Prepayment Premium, plus (D) all other Obligations that are due and payable, including Lenders’ Expenses and interest 

 
at the Default Rate with respect to any past due amounts. Notwithstanding (but without duplication with) the foregoing, on the Maturity Date, if the Final Fee had not previously been paid in full
in connection with the prepayment of the Term Loans in full, Borrower shall pay to the respective Lender to which such payments are owed, the Final Fee in respect of the Term Loans. 

(d) Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the outstanding
principal balance of the Term Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loans at least five (5) Business Days prior to such
prepayment, and (ii) pays to the Lenders on the date of such prepayment, payable to the respective Lender to which such payments are owed in accordance with their respective Pro Rata Shares (except in the case of the Final Fee), an amount equal
to the sum of (A) the outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, (B) the Final Fee paid in accordance with the definition thereof, (C) the Prepayment Premium, plus
(D) all other Obligations that are due and payable on such prepayment date, including any Lenders’ Expenses (to the extent invoiced at least one (1) Business Day prior to such prepayment) and interest at the Default Rate (if any) with
respect to any past due amounts. All outstanding Term Loan Commitments shall terminate in connection with a prepayment of the Term Loans. 

2.3 Payment of Interest on the Term Loans. 

(a) Interest Rate. Subject to Section 2.3(b), the principal amount outstanding under the Term Loans shall accrue interest at a
floating per annum rate equal to the LIBOR Rate in effect from time to time plus 7.95%, which aggregate interest rate shall be determined by Collateral Agent on the third Business Day prior to the Funding Date of the applicable Term Loan and on the
date occurring on the first Business Day of the month prior to each Payment Date occurring thereafter, which interest shall be payable monthly in arrears in accordance with Sections 2.2(b) and 2.3(e). Except as set forth in Section 2.2(b), such
interest shall accrue on each Term Loan commencing on, and including, the Funding Date of such Term Loan, and shall accrue on the principal amount outstanding under such Term Loan through and including the day on which such Term Loan is paid in full
(or any payment is made hereunder). 
 (b) Default Rate. At the election of the Required Lenders while any Event of Default exists (or
automatically while any Event of Default under Section 8.5 exists), all Obligations shall accrue interest at a fixed per annum rate equal to the rate that is otherwise applicable thereto plus four percentage points (4.00%) (the “Default
Rate”), and shall be deemed to have accrued interest at the Default Rate from the date of the occurrence of such Event of Default. Payment or acceptance of the increased interest rate provided in this Section 2.3(b) is not a permitted
alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Collateral Agent. 

(c) 360-Day Year. Interest shall be computed on the basis of a three hundred sixty
(360) day year for the actual number of days elapsed. 
 (d) Debit of Accounts. Collateral Agent and each Lender may debit (or
ACH) any deposit accounts, maintained by Borrower or any of its Subsidiaries, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due. Any such
debits (or ACH activity) shall not constitute a set-off. 

 (e) Payments. Except as otherwise expressly provided herein, all payments by Borrower
under the Loan Documents shall be made to the respective Lender to which such payments are owed, at such Person’s office in immediately available funds on the date specified herein. Unless otherwise provided, interest is payable monthly on the
Payment Date of each month. Payments of principal and/or interest received after 2:00 p.m. Eastern time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the
payment is due the next Business Day and any applicable fees or interest shall continue to accrue until paid. All payments to be made by Borrower hereunder or under any other Loan Document, including payments of principal and interest, and all fees,
expenses, indemnities and reimbursements, shall be made without set-off, recoupment or counterclaim, in lawful money of the United States and in immediately available funds. 

2.4 Fees. Borrower shall pay to Collateral Agent: 

(a) Final Fee. The Final Fee, when due hereunder, to be paid in accordance with the definition thereof; 

(b) Prepayment Premium. The Prepayment Premium, when due hereunder (including without limitation upon any prepayment in connection with
an acceleration upon an Event of Default), to be shared between the Lenders in accordance with their respective Pro Rata Shares; and 
 (c)
Lenders’ Expenses. All Lenders’ Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this Agreement) incurred through and after the Effective Date, when due. 

2.5 Taxes. 
 (a)
Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law
(as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such
deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be
increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it
would have received had no such deduction or withholding been made. 
 (b) Payment of Other Taxes by the Borrower. The Borrower shall
timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Lender timely reimburse it for the payment of, any Other Taxes. 

 (c) Indemnification by the Borrower. The Borrower shall indemnify each Recipient,
within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Recipient or required to be
withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.
A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Collateral Agent), or by the Collateral Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest
error. 
 (d) Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority
pursuant to this Section 2.5, the Borrower shall deliver to the Collateral Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to the Collateral Agent. 
 (e) Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower, at the time or times reasonably requested by the Borrower, such properly completed and executed documentation reasonably requested by the Borrower as will permit such payments to be made without withholding or at a
reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower as will enable the Borrower to determine
whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation shall not be
required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Borrower, 

(1) any Lender that is a U.S. Person shall deliver to the Borrower on or prior to the date on which such Lender becomes a Lender under this
Agreement (and from time to time thereafter upon the reasonable request of the Borrower), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

(2) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower (in such number of copies as shall be
requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower), whichever of the following is applicable: 

 (A) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which
the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or
W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with
respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or
reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty. 

(B) executed copies of IRS Form W-8ECI; 

(C) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the IRC,
(x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the IRC, a
“10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the IRC, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the IRC (a “U.S. Tax Compliance
Certificate”) and (y) executed copies of IRS Form W-8BEN or W-8BEN-E; or 

(D) to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY,
accompanied by IRS Form W-8ECI, IRS Form W-8BEN, W-8BEN-E, a U.S. Tax Compliance
Certificate substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents from each
beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax
Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect partner; 

(3) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower (in such number of copies as shall be
requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower), executed copies of any other form prescribed by
applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the
withholding or deduction required to be made; and 
 (4) if a payment made to a Lender under any Loan Document would be subject to U.S.
federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the IRC, as applicable), such Lender shall deliver to
the Borrower at the time or times prescribed by law and at such time or times reasonably requested by the Borrower such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the IRC) and such
additional documentation reasonably requested by the Borrower as may be necessary for the Borrower to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to
determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

 Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or
inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower in writing of its legal inability to do so. 

(f) Survival. Each party’s obligations under this Section 2.5 shall survive the resignation or replacement of the Collateral
Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Term Loan Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document. 

2.6 Secured Promissory Notes. If requested by a Lender, a Term Loan shall be evidenced by a Secured Promissory Note or Notes in the form
attached as Exhibit F hereto (each a “Secured Promissory Note”). Borrower irrevocably authorizes each Lender to make or cause to be made, on or about the Funding Date of any Term Loan or at the time of receipt of any payment of
principal on such Lender’s Secured Promissory Note, an appropriate notation on such Lender’s Secured Promissory Note Record reflecting the making of its portion of such Term Loan or (as the case may be) the receipt of such payment. The
outstanding amount of each Term Loan set forth on such Lender’s Secured Promissory Note Record shall be, absent manifest error, prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or
any error in so recording, any such amount on such Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of Borrower under any Secured Promissory Note or any other Loan Document to make payments of
principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of a Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, Borrower shall issue, in lieu thereof, a
replacement Secured Promissory Note in the same principal amount thereof and of like tenor. 
 2.7 Tax Treatment. The parties agree
that the Term Loans will be subject to U.S. Treasury Regulation Section 1.1275-4(b) governing contingent payment debt instruments. The comparable yield and projected payment schedule for the Term Loans,
as determined under such regulation, will be provided by the Borrower, in form and substance reasonably satisfactory to Collateral Agent, no later than thirty (30) days after the Effective Date, or such other date as the Lenders may in their
sole discretion permit. 
  

	3.	 CONDITIONS OF LOANS 

3.1 Conditions Precedent to the Initial Term Loan. Each Lender’s obligation to make the Initial Term Loan is subject to the condition precedent
that Collateral Agent and each Lender shall consent to or shall have received, in form and substance satisfactory to Collateral Agent and each Lender, such documents, and completion of such other matters, as Collateral Agent and each Lender may
reasonably deem necessary or appropriate, including, without limitation: 
 (a) original Loan Documents, each duly executed by Borrower and
each Subsidiary, as applicable; 

 (b) a completed Perfection Certificate and Disclosure Schedules for Borrower and each of its
Subsidiaries; 
 (c) duly executed original Control Agreements with respect to any Collateral Accounts maintained by Borrower or any of its
Subsidiaries, including the Designated Deposit Account; 
 (d) the Operating Documents and good standing certificates of Borrower and its
Subsidiaries certified by the Secretary of State (or equivalent agency) of Borrower’s and such Subsidiaries’ jurisdiction of organization or formation and each jurisdiction in which Borrower and each Subsidiary is qualified to conduct
business, each as of a date no earlier than thirty (30) days prior to the Effective Date; 
 (e) a certificate of Borrower and each
Guarantor in substantially the form of Exhibit E hereto executed by the Secretary or Assistant Secretary of Borrower or a Responsible Officer with appropriate insertions and attachments, including with respect to (i) the Operating Documents of
Borrower and each Guarantor and (ii) the resolutions adopted by Borrower’s and each Guarantor’s board of directors (or other governing authority) for the purpose of approving the transactions contemplated by the Loan Documents; 

(f) certified copies, dated as of date no earlier than thirty (30) days prior to the Effective Date, of financing statement searches, as
Collateral Agent shall request, accompanied by written evidence (including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, in connection with the Initial
Term Loan, will be terminated or released; 
 (g) a duly executed legal opinion of counsel to Borrower and each Guarantor dated as of the
Effective Date; 
 (h) evidence satisfactory to Collateral Agent and the Lenders that the insurance policies required by Section 6.5
hereof are in full force and effect, together with appropriate evidence showing loss payable and/or additional insured clauses or endorsements in favor of Collateral Agent, for the ratable benefit of the Secured Parties; 

(i) payoff letter for Existing Loan Agreement; 

(j) payment of the Lenders’ Expenses to the extent invoiced prior to the Effective Date; and 

(k) the duly executed Exit Fee Agreement. 

3.2 Conditions Precedent to all Term Loans. The obligation of each Lender to extend each Term Loan, including the Initial Term Loan, is
subject to the following further conditions precedent: 
 (a) receipt by Collateral Agent of an executed Loan Payment Request Form in the
form of Exhibit C attached hereto; 

 (b) the representations and warranties in Section 5 hereof shall be true, accurate and
complete in all material respects on the Funding Date of each Term Loan; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the
text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, and no Event of Default shall have occurred and be
continuing or result from the funding of such Term Loan; 
 (c) in such Lender’s reasonable discretion, there has not been any Material
Adverse Change; 
 (d) no Event of Default or Default shall exist; 

(e) payment of the fees and Lenders’ Expenses then due as specified in Section 2.4 hereof; 

(f) with respect to each Subsequent Tranche I Term Loan, Collateral Agent shall have received evidence reasonably satisfactory to it that
(i) Borrower was in compliance with Section 7.13 hereof as of the most recent measurement period prior to the Funding Date of such Subsequent Tranche I Term Loan, and (ii) on or prior to March 31, 2019, Borrower has received PMA
Approval for its VASCADE MVP Mid-Bore Closure Device (such conditions, the “Subsequent Tranche I Conditions”); and 

(g) with respect to each Subsequent Tranche II Term Loan, Collateral Agent shall have received evidence reasonably satisfactory to it that
(i) Borrower was in compliance with Section 7.13 hereof as of the most recent measurement period prior to the Funding Date of such Subsequent Tranche II Term Loan, (ii) on or prior to March 31, 2019, Borrower has received PMA
Approval for its VASCADE MVP Mid-Bore Closure Device, and (iii) Borrower has achieved at least Fifteen Million Dollars ($15,000,000) of net product revenue for the trailing six month period ending on the
last day of the month prior to the Funding Date of such Subsequent Tranche II Term Loan (such conditions, the “Subsequent Tranche II Conditions”). 

3.3 Covenant to Deliver. Borrower agrees to deliver to Collateral Agent and the Lenders each item required to be delivered to Collateral
Agent under this Agreement as a condition precedent to the funding of any Term Loan. Borrower expressly agrees that if a Term Loan is made prior to the receipt by Collateral Agent or any Lender of any such item, it shall not constitute a waiver by
Collateral Agent or such Lender of Borrower’s obligation to deliver such item, and the making of such Term Loan in the absence of a required item shall be made in each Lender’s sole discretion. 

3.4 Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Term Loan set
forth in this Agreement, to obtain a Term Loan (other than the Initial Term Loan funded on the Effective Date), Borrower shall notify the Lenders (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 2:00 p.m. New York
City time three (3) Business Days prior to the date such Term Loan is to be made. Together with any such electronic, facsimile or telephonic notification, Borrower shall deliver to Collateral Agent by electronic mail or facsimile a completed
Loan Payment Request Form executed by a Responsible 

 
Officer or his or her designee. The Collateral Agent may rely on any telephone notice given by a person whom Collateral Agent reasonably believes is a Responsible Officer or designee. On the
Funding Date related to a Term Loan, each Lender shall credit and/or transfer (as applicable) to the Designated Deposit Account, an amount equal to its Term Loan Commitment in respect of such Term Loan. 

 

	4.	 CREATION OF SECURITY INTEREST 

4.1 Grant of Security Interest. Borrower hereby grants Collateral Agent, for the ratable benefit of the Secured Parties, to secure the
payment and performance in full of all of the Obligations, and, until the payment and performance in full of all of the Obligations (other than inchoate indemnity obligations and other obligations that survive termination of this Agreement, in each
case, for which no claim has been made) and the Exit Fee (as defined in the Exit Fee Agreement), a continuing security interest in, and pledges to Collateral Agent, for the ratable benefit of the Secured Parties, the Collateral, wherever located,
whether now owned or hereafter acquired or arising, and all proceeds and products and supporting obligations (as defined in the Code) in respect thereof. If Borrower shall acquire any commercial tort claim (as defined in the Code) in each case, in
an amount greater than Fifty Thousand Dollars ($50,000.00), Borrower shall grant to Collateral Agent, for the ratable benefit of the Secured Parties, a security interest therein and in the proceeds and products and supporting obligations (as defined
in the Code) thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Collateral Agent. 

If this Agreement is terminated, Collateral Agent’s Lien in the Collateral shall continue until the Obligations (other than inchoate
indemnity obligations and other obligations that survive termination of this Agreement, in each case, for which no claim has been made) are repaid in full in cash. Upon payment in full in cash of the Obligations (other than inchoate indemnity
obligations and other obligations that survive termination of this Agreement, in each case, for which no claim has been made) and at such time as the Lenders’ obligation to extend a Term Loan has terminated, the security interest created hereby
shall automatically terminate and Collateral Agent’s Lien in the Collateral shall automatically be released and all rights in the Collateral shall revert to Borrower and Collateral Agent shall, at the sole cost and expense of Borrower, execute
and deliver to Borrower UCC financing statements (including amendments and/or termination statements) or such other documents as Borrower shall reasonably request to evidence such termination and release. 

4.2 Authorization to File Financing Statements. Borrower hereby authorizes Collateral Agent to file financing statements or take any
other action required to perfect Collateral Agent’s security interests in the Collateral (held for the ratable benefit of the Secured Parties), without notice to Borrower, with all appropriate jurisdictions to perfect or protect Collateral
Agent’s interest or rights under the Loan Documents. 

	5.	 REPRESENTATIONS AND WARRANTIES 

Borrower represents and warrants to Collateral Agent and the Lenders as follows: 

5.1 Due Organization, Authorization: Power and Authority. Borrower and each of its Subsidiaries is duly existing and in good standing as
a Registered Organization in its jurisdictions of organization or formation and Borrower and each of its Subsidiaries is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its businesses or its
ownership of property requires that it be so qualified except where the failure to do so could not reasonably be expected to have a Material Adverse Change. In connection with this Agreement, Borrower and each of its Subsidiaries has delivered to
Collateral Agent a completed perfection certificate and any updates or supplements thereto on, before or after the Effective Date (each a “Perfection Certificate” and collectively, the “Perfection Certificates”).
Borrower represents and warrants that all the information set forth on the Perfection Certificates pertaining to Borrower and each of its Subsidiaries is accurate and complete (other than as affected by clerical mistakes in addresses and other
contact information). 
 The execution, delivery and performance by Borrower and each of its Subsidiaries of the Loan Documents to which it
is, or they are, a party have been duly authorized, and do not (i) conflict with any of Borrower’s or such Subsidiaries’ organizational documents, including its respective Operating Documents, (ii) contravene, conflict with,
constitute a default under or violate any material Requirement of Law applicable thereto, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by
which Borrower or such Subsidiary, or any of their property or assets may be bound or affected, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such
Governmental Approvals which have already been obtained and are in full force and effect) or are being obtained pursuant to Section 6.1(b), or (v) constitute an event of default under any Material Agreement by which Borrower, any of its
Subsidiaries or any of their respective properties, is bound. Neither Borrower nor any of its Subsidiaries is in default under any agreement to which it is a party or by which it or any of its assets is bound in which such default could reasonably
be expected to have a Material Adverse Change. 
 5.2 Collateral. 

(a) Borrower and each its Subsidiaries have good title to, have rights in, and the power to transfer each item of the Collateral upon which it
purports to grant a Lien under the Loan Documents, free and clear of any and all Liens except Permitted Liens, and neither Borrower nor any of its Subsidiaries have any Deposit Accounts, Securities Accounts, Commodity Accounts or other investment
accounts other than the Collateral Accounts, the Excluded Account or the other investment accounts, if any, described in the Perfection Certificates delivered to Collateral Agent in connection herewith in respect of which Borrower or such Subsidiary
has given Collateral Agent notice and taken such actions as are necessary to give Collateral Agent a perfected security interest therein as required under this Agreement. The Accounts are bona fide, existing obligations of the Account Debtors. 

(b) The security interest granted herein is a first priority perfected (to the extent required hereunder) security interest in the Collateral,
subject only to involuntary Permitted Liens that, under applicable law, have priority over Collateral Agent’s Lien. 

 (c) On the Effective Date, and except as disclosed on the Disclosure Schedules (i) the
Collateral is not in the possession of any third party bailee, and (ii) no such third party bailee possesses components of the Collateral in excess of One Hundred Thousand Dollars ($100,000.00). 

(d) All Inventory and Equipment is in all material respects of good and marketable quality, free from material defects. 

(e) Borrower and each of its Subsidiaries is the sole owner of the Intellectual Property each respectively purports to own, free and clear of
all Liens other than Permitted Liens. Except as noted on the Disclosure Schedules (which, upon the consummation of a transaction not prohibited by this Agreement, may be updated to reflect such transaction), neither Borrower nor any of its
Subsidiaries is a party to, nor is bound by, any material license or other Material Agreement. 
 5.3 Litigation. Except as disclosed
on the Perfection Certificate or with respect to which Borrower has provided notice as required hereunder, there are no actions, suits, investigations, or proceedings pending or, to the knowledge of the Responsible Officers, threatened in writing by
or against Borrower or any of its Subsidiaries involving more than Two Hundred Fifty Thousand Dollars ($250,000.00). 
 5.4 No Material
Adverse Change; Financial Statements. All consolidated financial statements for Borrower and its consolidated Subsidiaries, delivered to Collateral Agent fairly present, in conformity with GAAP, and in all material respects the consolidated
financial condition of Borrower and its consolidated Subsidiaries, and the consolidated results of operations of Borrower and its consolidated Subsidiaries. Since December 31, 2017, there has not been a Material Adverse Change. 

5.5 Solvency. Borrower is Solvent. Borrower and each of its Subsidiaries, when taken as a whole, is Solvent. 

5.6 Regulatory Compliance. Neither Borrower nor any of its Subsidiaries is an “investment company” or a company
“controlled” by an “investment company” under the Investment Company Act of 1940, as amended. Neither Borrower nor any of its Subsidiaries is engaged as one of its important activities in extending credit for margin stock (under
Regulations X, T and U of the Federal Reserve Board of Governors). Borrower and each of its Subsidiaries has complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding
company” or an “affiliate” of a “holding company” or a “subsidiary company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Neither Borrower nor
any of its Subsidiaries has violated any laws, ordinances or rules, the violation of which could reasonably be expected to have a Material Adverse Change. Neither Borrower’s nor any of its Subsidiaries’ properties or assets has been used
by Borrower or such Subsidiary or, to Borrower’s knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than in material compliance with applicable laws. Borrower and each of
its Subsidiaries has obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all Governmental Authorities that are necessary to continue their respective businesses as currently
conducted. 

 None of Borrower, any of its Subsidiaries, or any of Borrower’s or its
Subsidiaries’ Affiliates or any of their respective agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement is (i) in violation of any Anti-Terrorism Law, (ii) engaging in or
conspiring to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law, or (iii) is a Blocked Person. None of Borrower, any of
its Subsidiaries, or to the knowledge of Borrower and any of their Affiliates or agents, acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement, (x) conducts any business or engages in making or
receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (y) deals in, or otherwise engages in any transaction relating to, any property or interest in property blocked pursuant to Executive Order
No. 13224, any similar executive order or other Anti-Terrorism Law. 
 5.7 Investments. Neither Borrower nor any of its
Subsidiaries owns any stock, shares, partnership interests or other equity securities except for Permitted Investments. 
 5.8 Tax Returns
and Payments; Pension Contributions. Borrower and each of its Subsidiaries has timely filed all required tax returns and reports, and Borrower and each of its Subsidiaries, has timely paid all foreign, federal, state, and local taxes,
assessments, deposits and contributions owed by Borrower and such Subsidiaries in an amount greater than One Hundred Thousand Dollars ($100,000.00), in all jurisdictions in which Borrower or any such Subsidiary is subject to taxes, including the
United States, unless such taxes are being contested in accordance with the next sentence. Borrower and each of its Subsidiaries, may defer payment of any contested taxes, provided that Borrower or such Subsidiary, (a) in good faith contests
its obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted; (b) notifies Collateral Agent of the commencement of, and any material development in, the proceeding; and (c) adequate reserves
or other appropriate provisions are maintained on the books of such Borrower or Subsidiary, as applicable, in accordance with GAAP and which do not involve, in the reasonable judgment of the Collateral Agent, any risk of the sale, forfeiture or loss
of any material portion of the Collateral. Neither Borrower nor any of its Subsidiaries is aware of any claims or adjustments proposed for any of Borrower’s or such Subsidiaries’, prior tax years which could result in additional taxes
becoming due and payable by Borrower or its Subsidiaries. Borrower and each of its Subsidiaries have paid all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms, and neither
Borrower nor any of its Subsidiaries have, withdrawn from participation in, and have not permitted partial or complete termination of, or permitted the occurrence of any other event with respect to, any such plan which could reasonably be expected
to result in any liability of Borrower or its Subsidiaries, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other Governmental Authority. 

5.9 Use of Proceeds. Borrower shall use the proceeds of the Term Loans to repay all outstanding obligations under the Existing Loan
Agreement, as working capital and to fund its general business requirements, and not for personal, family, household or agricultural purposes. 

 5.10 Full Disclosure. No written representation, warranty or other statement of
Borrower or any of its Subsidiaries in any certificate or written statement, when taken as a whole, given to Collateral Agent or any Lender, as of the date such representation, warranty, or other statement was made, taken together with all such
written certificates and written statements given to Collateral Agent or any Lender, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not
misleading (it being recognized 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). 
 5.11 Organizational Documents. Borrower shall provide in the next
delivered Compliance Certificate notice to Collateral Agent of any amendment, modification or waiver of any provision of its organizational documents. 
  

	6.	 AFFIRMATIVE COVENANTS 

Borrower shall, and shall cause each of its Subsidiaries to, do all of the following: 

6.1 Government Compliance. 

(a) Other than specifically permitted hereunder, maintain its and all its Subsidiaries’ legal existence and good standing in their
respective jurisdictions of organization and maintain qualification in each jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Change. Comply with all laws, ordinances and regulations to which
Borrower or any of its Subsidiaries is subject, the noncompliance with which could reasonably be expected to have a Material Adverse Change. 

(b) Obtain and keep in full force and effect, all of the material Governmental Approvals necessary for the performance by Borrower and its
Subsidiaries of their respective businesses and obligations under the Loan Documents and the grant of a security interest to Collateral Agent for the ratable benefit of the Secured Parties, in all of the Collateral. 

6.2 Financial Statements, Reports, Certificates; Notices. 

(a) Deliver to Collateral Agent: 

(i) as soon as available, but no later than thirty (30) days after the last day of each month, a company prepared consolidated balance
sheet, income statement and cash flow statement covering the consolidated operations of Borrower and its consolidated Subsidiaries for such month certified by a Responsible Officer and in a form reasonably acceptable to the Collateral Agent; 

(ii) as soon as available, but no later than one hundred eighty (180) days after the last day of Borrower’s fiscal year or within
five (5) days of filing of the same with the SEC, audited consolidated financial statements covering the consolidated operations of Borrower and its consolidated Subsidiaries for such fiscal year, prepared under GAAP, consistently applied,
together with an unqualified opinion (other than with respect to a going-concern qualification based solely on the amount of cash and Cash Equivalents held by Borrower) on the financial statements from an independent certified public accounting firm
acceptable to Collateral Agent in its reasonable discretion; 

 (iii) as soon as available after approval thereof by Borrower’s board of directors,
but no later than the earlier of (x) ten (10) days after such approval, and (y) forty-five (45) days after year-end of the prior fiscal year, Borrower’s annual financial projections for the
entire current fiscal year as approved by Borrower’s board of directors; provided that, any revisions to such projections approved by Borrower’s board of directors shall be delivered to Collateral Agent and the Lenders no later than seven
(7) days after such approval); 
 (iv) within five (5) days of delivery, copies of all
non-ministerial statements, reports and notices made generally available to Borrower’s security holders or holders of Subordinated Debt (other than materials provided to members of the Borrower’s
board of directors solely in their capacities as directors); 
 (v) in the event that Borrower becomes subject to the reporting requirements
under the Securities Exchange Act of 1934, as amended, within five (5) days of filing, all reports on Form 10-K, 10-Q and
8-K filed with the Securities and Exchange Commission; 
 (vi) for so long as the Company is not
subject to the reporting requirements under the Securities Exchange Act of 1934, as amended, prompt delivery of (and in any event within five (5) days after the same are sent or received) copies of all material correspondence, reports,
documents and other filings with any Governmental Authority that could reasonably be expected to have a material adverse effect on any of the Governmental Approvals material to Borrower’s business or that otherwise could reasonably be expected
to have a Material Adverse Change; 
 (vii) as soon as available, but no later than thirty (30) days after the last day of each month,
copies of the month-end account statements for each Collateral Account and Excluded Account maintained by Borrower or its Subsidiaries, which statements may be provided to Collateral Agent and each Lender by
Borrower or directly from the applicable institution(s); 
 (viii) prompt delivery of (and in any event within five (5) days after the
same are sent or received) copies of all material correspondence, reports, documents and other filings with any Governmental Authority that could reasonably be expected to have a material adverse effect on any of the Governmental Approvals material
to Borrower’s business or that otherwise could reasonably be expected to have a Material Adverse Change; 
 (ix) prompt notice of any
event that, to Borrower’s Knowledge (A) could reasonably be expected to materially and adversely affect the value of the Intellectual Property or (B) could reasonably be expected to result in a Material Adverse Change; 

(x) written notice delivered at least ten (10) days prior to Borrower’s creation of a New Subsidiary in accordance with the terms of
Section 6.10; 

 (xi) written notice delivered at least ten (10) days prior to Borrower’s
(A) adding any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Two Hundred Fifty Thousand Dollars ($250,000.00) in assets or property of Borrower or any of its
Subsidiaries), (B) changing its respective jurisdiction of organization, (C) changing its organizational type, (D) changing its respective legal name, or (E) changing any organizational number(s) (if any) assigned by its respective
jurisdiction of organization; 
 (xii) upon Borrower becoming aware of the existence of any Default or Event of Default, prompt (and in any
event within three (3) Business Days) written notice of such occurrence, which notice shall include a reasonably detailed description of such Default or Event of Default, and Borrower’s proposal regarding how to cure such Default or Event
of Default; 
 (xiii) immediate notice if Borrower or any Subsidiary has knowledge that Borrower, or any Subsidiary or Affiliate of
Borrower, is listed on the OFAC Lists or (a) is convicted on, (b) pleads nolo contendere to, (c) is indicted on, or (d) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering;

 (xiv) notice of any commercial tort claim (as defined in the Code) or letter of credit rights (as defined in the Code) held by Borrower
or any Guarantor, in each case in an amount greater than Fifty Thousand Dollars ($50,000.00); 
 (xv) if Borrower or any of its Subsidiaries
is not now a Registered Organization but later becomes one, written notice of such occurrence and information regarding such Person’s organizational identification number within seven (7) Business Days of receiving such organizational
identification number; 
 (xvi) no later than thirty (30) days after the last day of each fiscal quarter, an updated Perfection
Certificate and Disclosure Schedules to reflect any amendments, modifications and updates, if any, to the information in the Perfection Certificate and Disclosure Schedules after the Effective Date; and 

(xvii) other information as reasonably requested by Collateral Agent. 

Notwithstanding the foregoing, documents and notices required to be delivered pursuant to the terms hereof (to the extent any such documents and notices are
included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which Borrower posts such documents, or provides a link thereto, on Borrower’s
website on the internet at Borrower’s website address. 
 (b) Concurrently with the delivery of the financial statements specified in
Section 6.2(a)(i) above but no later than thirty (30) days after the last day of each month, deliver to Collateral Agent: 
 (i) a
duly completed Compliance Certificate signed by a Responsible Officer; 

 (ii) copies of any material Governmental Approvals obtained by Borrower or any of its
Subsidiaries; 
 (iii) written notice of the commencement of, and any material development in, the proceedings contemplated by
Section 5.8 hereof; 
 (iv) written notice of any litigation or governmental proceedings pending or threatened (in writing) against
Borrower or any of its Subsidiaries, which could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of Two Hundred Fifty Thousand Dollars ($250,000.00); and 

(v) written notice of all returns, recoveries, disputes and claims regarding Inventory that involve more than One Hundred Fifty Thousand
Dollars ($150,000.00) individually or in the aggregate in any calendar year. 
 (c) Keep proper, complete and true books of record and
account in accordance with GAAP. Borrower shall, and shall cause each of its Subsidiaries to, allow, at the sole cost of Borrower, Collateral Agent or any Lender, during regular business hours upon reasonable prior notice (provided that no notice
shall be required when an Event of Default has occurred and is continuing), to visit and inspect any of its properties, to examine and make abstracts or copies from any of its books and records, and to conduct a collateral audit and analysis of its
operations and the Collateral. Such audits shall be conducted no more often than twice in any calendar year unless (and more frequently if) an Event of Default has occurred and is continuing. 

6.3 Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between
Borrower, or any of its Subsidiaries, as applicable, and their respective Account Debtors shall follow Borrower’s, or such Subsidiary’s, customary practices as they exist as of the Effective Date. 

6.4 Taxes; Pensions. Timely file and require each of its Subsidiaries to timely file, all required tax returns and reports and timely
pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state, and local taxes, assessments, deposits and contributions owed by Borrower or its Subsidiaries, except as otherwise permitted pursuant to the terms of
Section 5.8 hereof, and shall deliver to Collateral Agent, on reasonable demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in
accordance with the terms of such plans. 
 6.5 Insurance. Keep Borrower’s and its Subsidiaries’ business and the Collateral
insured for risks and in amounts standard for companies in Borrower’s and its Subsidiaries’ industry and location and as Collateral Agent may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that
are reasonably satisfactory to Collateral Agent. All property policies shall have a lender’s loss payable endorsement showing Collateral Agent as lender loss payee and shall waive subrogation against Collateral Agent, and all liability policies
shall show, or have endorsements showing, Collateral Agent (for the ratable benefit of the Secured Parties), as additional insured. The Collateral Agent shall be named as lender loss payee and/or additional insured with respect to any such insurance
providing coverage in respect of any Collateral, and each provider of any such insurance shall agree, by endorsement upon the policy 

 
or policies issued by it or by independent instruments furnished to the Collateral Agent, that it will give the Collateral Agent thirty (30) days prior written notice before any such policy
or policies shall be canceled. At Collateral Agent’s reasonable request, Borrower shall deliver to the Collateral Agent certified copies of policies and evidence of all premium payments. Proceeds payable under any policy shall, at Collateral
Agent’s option, be payable to Collateral Agent, for the ratable benefit of the Secured Parties, on account of the then-outstanding Obligations. Notwithstanding the foregoing, (a) so long as no Event of Default has occurred and is
continuing, Borrower shall have the option of applying the proceeds of any casualty policy within ninety (90) days of receipt thereof up to Two Hundred Fifty Thousand Dollars ($250,000.00) with respect to any loss, but not exceeding Two Hundred
Fifty Thousand Dollars ($250,000.00), in the aggregate for all losses under all casualty policies in any one year, toward the replacement or repair of destroyed or damaged property; provided that any such replaced or repaired property (i) shall
be of equal or like value as the replaced or repaired Collateral and (ii) shall be deemed Collateral in which Collateral Agent has been granted a first priority security interest, and (b) after the occurrence and during the continuance of
an Event of Default, all proceeds payable under such casualty policy shall, at the option of Collateral Agent, be payable to Collateral Agent, for the ratable benefit of the Lenders, on account of the Obligations. If Borrower or any of its
Subsidiaries fails to obtain insurance as required under this Section 6.5 or to pay any amount or furnish any required proof of payment to third persons, Collateral Agent may make (but has no obligation to do so), at Borrower’s expense,
all or part of such payment or obtain such insurance policies required in this Section 6.5, and take any action under the policies Collateral Agent deems prudent. 

6.6 Operating Accounts. 

(a) Maintain Borrower’s and Guarantors’ Collateral Accounts with Western Alliance Bank, which shall have agreed to execute Control
Agreements in favor of Collateral Agent with respect to such Collateral Accounts. The provisions of the previous sentence shall not apply to Deposit Accounts exclusively used for cash collateral for Permitted Liens under clause (k) or (l) of
the definition thereof, payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s, or any Guarantor’s, employees and identified to Collateral Agent by Borrower as such in the Disclosure
Schedules. 
 (b) Borrower shall provide Collateral Agent five (5) days’ prior written notice before Borrower or any Guarantor
establishes any Collateral Account. In addition, for each Collateral Account that Borrower or any Guarantor, at any time maintains, Borrower or such Guarantor shall cause the applicable bank or financial institution at or with which such Collateral
Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Collateral Agent’s Lien in such Collateral Account (held for the ratable benefit of the Secured
Parties) in accordance with the terms hereunder prior to the establishment of such Collateral Account. The provisions of the previous sentence shall not apply to Deposit Accounts exclusively used for cash collateral for Permitted Liens under clause
(k) of the definition thereof, payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s, or any Guarantor’s, employees and identified to Collateral Agent by Borrower as such in the
Disclosure Schedules. 

 (c) Neither Borrower nor any Guarantor shall maintain any Deposit Account, Securities
Account, or Commodity Account, or any other bank account except for the Collateral Accounts maintained in accordance with this Section 6.6 and the Excluded Account. 

6.7 Protection of Intellectual Property Rights. Borrower and each of its Subsidiaries shall: (a) use commercially reasonable
efforts to protect, defend and maintain the validity and enforceability of its respective Intellectual Property that is material to its business; (b) promptly advise Collateral Agent in writing of material infringement by a third party of its
respective Intellectual Property; and (c) not allow any of its respective Intellectual Property material to its respective business to be abandoned, forfeited or dedicated to the public without Collateral Agent’s prior written consent.

 6.8 Litigation Cooperation. Commencing on the Effective Date and continuing through the termination of this Agreement, make
available to Collateral Agent and the Lenders, without expense to Collateral Agent or the Lenders, Borrower and each of Borrower’s officers, employees and agents and Borrower’s Books, to the extent that Collateral Agent or any Lender may
reasonably deem them necessary to prosecute or defend any third-party suit or proceeding instituted by or against Collateral Agent or any Lender with respect to any Collateral or relating to Borrower. 

6.9 Landlord Waivers; Bailee Waivers. In the event that Borrower or any of its Subsidiaries, after the Effective Date, intends to add
any new offices or business locations, including warehouses, or otherwise store any portion of the Collateral with, or deliver any portion of the Collateral to, a bailee, in each case pursuant to Section 7.2, then, in the event that the
Collateral at any new location is valued (based on book value) in excess of Two Hundred Fifty Thousand Dollars ($250,000.00) in the aggregate, at Collateral Agent’s election, Borrower or such Subsidiary shall use commercially reasonable efforts
to cause such bailee or landlord, as applicable, to execute and deliver a bailee waiver or landlord waiver, as applicable, in form and substance reasonably satisfactory to Collateral Agent prior to the addition of any new offices or business
locations, or any such storage with or delivery to any such bailee, as the case may be. 
 6.10 Creation/Acquisition of Subsidiaries.
In the event any Borrower or any Subsidiary of any Borrower creates or acquires any Subsidiary after the Effective Date, Borrower or such Subsidiary shall promptly notify the Collateral Agent and the Lenders of such creation or acquisition, and
Borrower or such Subsidiary shall take all actions reasonably requested by the Collateral Agent or the Lenders to achieve any of the following with respect to such “New Subsidiary” (defined as a Subsidiary formed after the date
hereof during the term of this Agreement): (i) if such New Subsidiary is a Domestic Subsidiary (except for a Domestic Subsidiary (1) substantially all of the assets of which consist of the equity interests of one or more Foreign Subsidiaries or
(2) that is a subsidiary of a Foreign Subsidiary (each, an “Excluded Domestic Subsidiary”)), to cause such New Subsidiary to become either a co-Borrower hereunder, or a secured guarantor
with respect to the Obligations; and (ii) with respect to New Subsidiaries owned directly by Borrower or a Guarantor, to grant and pledge to Collateral Agent a perfected security interest in (A) 100% of the stock, units or other evidence of
ownership held by Borrower or its Subsidiaries of any such New Subsidiary that is a Domestic Subsidiary (except if such New Subsidiary is an Excluded Domestic Subsidiary), or (B) 65% of the stock, units or other evidence of ownership held by
Borrower or a Guarantor of any such New Subsidiary which is a Foreign Subsidiary or an Excluded Domestic Subsidiary. 

 6.11 Further Assurances. Execute any further instruments and take further action as
Collateral Agent reasonably requests to perfect or continue Collateral Agent’s Lien in the Collateral or to effect the provisions of this Agreement. 
  

	7.	 NEGATIVE COVENANTS 

Borrower shall not, and shall not permit any of its Subsidiaries to, do any of the following without the prior written consent of the Required Lenders: 

7.1 Dispositions. Convey, sell, lease, transfer, assign, dispose of (collectively, “Transfer”), or permit any of its
Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (a) of Inventory in the ordinary course of business; (b) of worn-out or obsolete Equipment; (c) in
connection with Permitted Liens, Permitted Investments and Permitted Licenses; or (d) cash or Cash Equivalents pursuant to a transaction not prohibited by this Agreement. 

7.2 Changes in Business, Management, Ownership, or Business Locations. (a) Engage in or permit any of its Subsidiaries to engage in
any business other than the businesses engaged in by Borrower or such Subsidiary, as applicable, as of the Effective Date or reasonably related or ancillary thereto; (b) liquidate or dissolve (except (i) except as permitted by
Section 7.3 and (ii) the liquidation or dissolution of a Subsidiary with less than Fifty Thousand Dollars ($50,000.00) in assets or property); or (c) (i) permit any Key Person to cease being actively engaged in the management of
Borrower unless written notice thereof is provided to Collateral Agent within ten (10) days of such cessation, or (ii) enter into any transaction or series of related transactions in which (A) the stockholders of Borrower who were not
stockholders immediately prior to the first such transaction own more than 45% of the voting stock of Borrower immediately after giving effect to such transaction or related series of such transactions (other than an IPO) and (B) except as
permitted by Section 7.3, Borrower ceases to own, directly or indirectly, 100% of the ownership interests in each Subsidiary of Borrower (each such action under this Section 7.2(c)(ii), a “Change of Control”). 

7.3 Mergers or Acquisitions. Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with any other Person, or
acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock, shares or property of another Person, provided that a Subsidiary may merge or consolidate into another Subsidiary (provided such surviving
Subsidiary is a “co-Borrower” hereunder or has provided a secured Guaranty of Borrower’s Obligations hereunder in accordance with Section 6.10) or with (or into) Borrower provided Borrower
is the surviving legal entity, and as long as no Event of Default is occurring prior thereto or arises as a result therefrom. 
 7.4
Indebtedness. Create, incur, assume, or be liable for any Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness. 

 7.5 Encumbrance. Create, incur, allow, or suffer any Lien on any of its property, or
assign or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, or permit any Collateral not to be subject to the first priority security interest granted
herein (except for Permitted Liens), or enter into any agreement, document, instrument or other arrangement (except with or in favor of Collateral Agent, for the ratable benefit of the Secured Parties) with any Person which directly or indirectly
prohibits or has the effect of prohibiting Borrower, or any of its Subsidiaries, from assigning, mortgaging, pledging, granting a security interest in or upon, or encumbering any of Borrower’s or such Subsidiary’s Intellectual Property,
except as is otherwise permitted in Section 7.1 hereof and the definition of “Permitted Liens”. 
 7.6 Maintenance of
Collateral Accounts. With respect to Borrower and any Guarantors, maintain any Collateral Account except pursuant to the terms of Section 6.6 hereof. 

7.7 Restricted Payments. (a) Declare or pay any dividends (other than dividends payable solely in capital stock) or make any other
distribution or payment in respect of or redeem, retire or purchase any capital stock (other than (i) the declaration or payment of dividends to Borrower, (ii) so long as no Event of Default or Default exists or would result therefrom, the
declaration or payment of any dividends solely in the form of equity securities, and (iii) repurchases pursuant to the terms of employee stock purchase plans, employee restricted stock agreements, stockholder rights plans, director or
consultant stock option plans, or similar plans, provided such repurchases do not exceed Two Hundred Fifty Thousand Dollars ($250,000.00) in the aggregate per fiscal year), (b) other than the Obligations in accordance with the terms hereof,
purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity unless being replaced with Indebtedness of at least the same principal amount and
such new Indebtedness is Permitted Indebtedness, or (c) be a party to or bound by an agreement that restricts a Subsidiary from paying dividends or otherwise distributing property to Borrower. 

7.8 Investments. Directly or indirectly make any Investment other than Permitted Investments, or permit any of its Subsidiaries to do so
other than Permitted Investments. 
 7.9 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any
material transaction with any Affiliate of Borrower or any of its Subsidiaries (other than, in each case, Borrower, a co-Borrower, or a Guarantor), except for (a) transactions that are in the ordinary
course of Borrower’s or such Subsidiary’s business, upon fair and reasonable terms that are no less favorable to Borrower or such Subsidiary than would be obtained in an arm’s length transaction with a
non-affiliated Person, (b) Subordinated Debt or equity investments by Borrower’s investors in Borrower or its Subsidiaries, and (c) compensation arrangements for Borrower’s and its
Subsidiaries’ officers, directors and employees that are customary in the Borrower’s industry. 
 7.10 Subordinated Debt.
(a) Make or permit any payment on any Subordinated Debt, except under the terms of the subordination, intercreditor, or other similar agreement to which such Subordinated Debt is subject, or (b) except under the terms of the subordination,
intercreditor, or other similar agreement to which such Subordinated Debt is subject, amend any provision in any document relating to the Subordinated Debt which would increase the amount thereof or adversely affect the subordination thereof to
Obligations owed to the Lenders. 

 7.11 Compliance. (a) Become an “investment company” or a company
controlled by an “investment company”, under the Investment Company Act of 1940, as amended, or undertake as one of its important activities extending credit to purchase or carry margin stock (as defined in Regulation U of the Board of
Governors of the Federal Reserve System), or use the proceeds of any Term Loan for that purpose; (b) fail to meet the minimum funding requirements of ERISA; (c) permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to
occur; (d) fail to comply with the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a Material Adverse Change, or permit any of its Subsidiaries to do so; or
(e) withdraw or permit any Subsidiary to withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any present pension, profit sharing and deferred compensation plan
which could reasonably be expected to result in any liability of Borrower or any of its Subsidiaries, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other Governmental Authority. 

7.12 Compliance with Anti-Terrorism Laws. Neither Borrower nor any of its Subsidiaries shall, nor shall Borrower or any of its
Subsidiaries permit any Affiliate to, directly or indirectly, knowingly enter into any documents, instruments, agreements or contracts with any Person listed on the OFAC Lists. Neither Borrower nor any of its Subsidiaries shall, nor shall Borrower
or any of its Subsidiaries, permit any Affiliate to, directly or indirectly, (a) conduct any business or engage in any transaction or dealing with any Blocked Person, including, without limitation, the making or receiving of any contribution of
funds, goods or services to or for the benefit of any Blocked Person, (b) deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224 or any similar
executive order or other Anti-Terrorism Law, or (c) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in Executive
Order No. 13224 or other Anti-Terrorism Law. 
 7.13 Minimum Liquidity. Borrower shall not allow, at any time, its
unrestricted cash and Cash Equivalents to be an amount less than the sum of (i) the principal payments due on interest bearing liabilities for the upcoming three (3) fiscal months (using Borrower’s reasonable judgment as to when the
Amortization Date will occur) and (ii) three times (3x) the cash spent by Borrower per month as determined based on the average taken over the most recently completed three (3) fiscal months (excluding principal payments made in respect of
interest bearing liabilities made in such period). 
 7.14 Principal Agreements. Neither Borrower nor any of its
Subsidiaries shall amend, modify or waive any provision of any Principal Agreement, unless the net effect of such amendment, modification or waiver is not materially adverse to Borrower, its Subsidiaries, Collateral Agent or Lenders. 

 

	8.	 EVENTS OF DEFAULT 

Any one of the following shall constitute an event of default (an “Event of Default”) under this Agreement: 

8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any Term Loan on its due date, or
(b) pay any other Obligation within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date or acceleration
pursuant to Section 9.1 (a) hereof); 

 8.2 Covenant Default. 

(a) Borrower or any of its Subsidiaries fails or neglects to perform any obligation in Sections 6.2 (Financial Statements, Reports,
Certificates), 6.4 (Taxes), 6.5 (Insurance), 6.6 (Operating Accounts), 6.7 (Protection of Intellectual Property Rights), 6.9 (Landlord Waivers; Bailee Waivers), 6.10 (Creation/Acquisition of Subsidiaries) or Borrower violates any provision in
Section 7; or 
 (b) Borrower, or any of its Subsidiaries, fails or neglects to perform, keep, or observe any other term, provision,
condition, covenant or agreement contained in this Agreement or any other Loan Document to which such person is a party, and as to any default (other than those specified in this Section 8) under such other term, provision, condition, covenant
or agreement that can be cured, has failed to cure the default within fifteen (15) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the fifteen (15) day period or cannot after
diligent attempts by Borrower or such Subsidiary, as applicable, be cured within such fifteen (15) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in
any case exceed thirty (30) days) to attempt to cure such default, and within such reasonable time period the failure to cure the default shall not be deemed an Event of Default. 

8.3 Material Adverse Change. A Material Adverse Change has occurred since the Effective Date; 

8.4 Attachment; Levy; Restraint on Business. 

(a) (i) The service of process seeking to attach, by trustee or similar process, any funds of Borrower or any of its Subsidiaries or of
any entity under control of Borrower or its Subsidiaries on deposit with any institution at which Borrower or any of its Subsidiaries maintains a Collateral Account or Excluded Account, or (ii) a notice of lien, levy, or assessment is filed
against Borrower or any of its Subsidiaries or their respective assets by any government agency, and the same under subclauses (i) and (ii) of this clause (a) are not, within ten (10) days after the occurrence thereof, discharged or
stayed (whether through the posting of a bond or otherwise); and 
 (b) (i) any material portion of Borrower’s or any of its
Subsidiaries’ assets is attached, seized, levied on, or comes into possession of a trustee or receiver, or (ii) any court order enjoins, restrains, or prevents Borrower or any of its Subsidiaries from conducting any part of its business;

 8.5 Insolvency. (a) Borrower or any of its Subsidiaries is or becomes Insolvent; (b) Borrower or any of its Subsidiaries
begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and not dismissed or stayed within forty-five (45) days; 

 8.6 Other Agreements. (a) There is a default in any agreement to which Borrower
or any of its Subsidiaries is a party with a third party or parties resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of any Indebtedness in an amount in excess of Two Hundred Fifty Thousand
Dollars ($250,000.00) or that could reasonably be expected to have a Material Adverse Change; or (b) a counterparty to a Principal Agreement has either commenced termination thereof or has sent to Borrower or any applicable Subsidiary a notice
of such counterparty’s intent to terminate such Principal Agreement, in each case due to a breach by Borrower or such applicable Subsidiary; provided, however, that a default under this subsection (b) shall not be an Event of Default if
such Principal Agreement is replaced with an Acceptable Replacement Agreement within sixty (60) days of default thereunder. 
 8.7
Judgments. One or more judgments, orders, or decrees for the payment of money in an amount, individually or in the aggregate, of at least Two Hundred Fifty Thousand Dollars ($250,000.00) (not covered by independent third-party insurance as to
which (a) Borrower reasonably believes such insurance carrier will accept liability, (b) Borrower or the applicable Subsidiary has submitted such claim to such insurance carrier and (c) liability has not been rejected by such
insurance carrier) shall be rendered against Borrower or any of its Subsidiaries and shall remain unsatisfied, unvacated, or unstayed for a period of ten (10) days after the entry thereof; 

8.8 Misrepresentations. Borrower or any of its Subsidiaries or any authorized Person acting for Borrower or any of its Subsidiaries
makes any representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to Collateral Agent and/or the Lenders or to induce Collateral Agent and/or the Lenders to enter this Agreement or
any Loan Document, and such representation, warranty, or other statement, when taken as a whole, is incorrect in any material respect when made; 

8.9 Subordinated Debt. A default or breach occurs under any subordination agreement, or any creditor that has signed such an agreement
with Collateral Agent or the Lenders breaches any terms of such agreement; 
 8.10 Guaranty. (a) Any Guaranty terminates or
ceases for any reason to be in full force and effect other than in accordance with its terms; (b) any Guarantor does not perform any obligation or covenant under any Guaranty; or (c) any circumstance described in Section 8 occurs with
respect to any Guarantor, giving effect to any applicable cure period; 
 8.11 Governmental Approvals; FDA Action. (a) Any
Governmental Approval shall have been revoked, rescinded, suspended, modified in an adverse manner, or not renewed in the ordinary course for a full term and such revocation, rescission, suspension, modification or
non-renewal has resulted in or could reasonably be expected to result in a Material Adverse Change; or (b) (i) the FDA initiates a Regulatory Action or any other enforcement action against Borrower or any
of its Subsidiaries or any supplier of Borrower or any of its Subsidiaries that causes Borrower or any of its Subsidiaries to recall, withdraw, remove or discontinue marketing any of its products resulting in liability and expense to Borrower or any
of its Subsidiaries of Three Hundred Fifty Thousand Dollars ($350,000.00) or more; (ii) the FDA issues a warning letter to Borrower or any of its Subsidiaries with respect to any of its activities or products which could reasonably be expected
to result in a Material Adverse Change; (iii) Borrower or any of its Subsidiaries conducts a mandatory or voluntary recall which could reasonably be expected to result 

 
in liability and expense to Borrower or any of its Subsidiaries of Three Hundred Fifty Thousand Dollars ($350,000.00) or more; (iv) Borrower or any of its Subsidiaries enters into a
settlement agreement with the FDA that results in aggregate liability as to any single or related series of transactions, incidents or conditions, of Three Hundred Fifty Thousand Dollars ($350,000.00) or more, or that could reasonably be expected to
result in a Material Adverse Change; or (v) the FDA revokes any authorization or permission granted under any Registration, or Borrower or any of its Subsidiaries withdraws any Registration, that could reasonably be expected to result in a
Material Adverse Change. 
 8.12 Lien Priority. Except as the result of the action or inaction of the Collateral Agent or the Lenders,
any Lien created hereunder or by any other Loan Document shall at any time fail to constitute a valid and perfected (to the extent required hereunder) Lien on any material portion of the Collateral purported to be secured thereby, subject to no
prior or equal Lien, other than Permitted Liens arising as a matter of applicable law. 
  

	9.	 RIGHTS AND REMEDIES 

9.1 Rights and Remedies. 

(a) Upon the occurrence and during the continuance of an Event of Default, Collateral Agent shall at the written direction of Required Lenders,
without notice or demand, do any or all of the following: (i) deliver notice of the Event of Default to Borrower, (ii) by notice to Borrower declare all Obligations immediately due and payable (but if an Event of Default described in
Section 8.5 occurs all Obligations shall be immediately due and payable without any action by Collateral Agent or the Lenders) or (iii) by notice to Borrower suspend or terminate the obligations, if any, of the Lenders to advance money or
extend credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and Collateral Agent and/or the Lenders (but if an Event of Default described in Section 8.5 occurs all obligations, if any, of the
Lenders to advance money or extend credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and Collateral Agent and/or the Lenders shall be immediately terminated without any action by Collateral Agent
or the Lenders). 
 (b) Without limiting the rights of Collateral Agent and the Lenders set forth in Section 9.1(a) above, upon the
occurrence and during the continuance of an Event of Default, Collateral Agent shall have the right and at the written direction of the Required Lenders shall, without notice or demand, to do any or all of the following: 

(i) foreclose upon and/or sell or otherwise liquidate, the Collateral; 

(ii) make a demand for payment upon any Guarantor pursuant to the Guaranty delivered by such Guarantor; 

(iii) apply to the Obligations any (A) balances and deposits of Borrower that Collateral Agent or any Lender holds or controls,
(B) any amount held or controlled by Collateral Agent or any Lender owing to or for the credit or the account of Borrower, or (C) amounts received from any Guarantors in accordance with the respective Guaranty delivered by such Guarantor;
and/or 

 (iv) commence and prosecute an Insolvency Proceeding or consent to Borrower commencing any
Insolvency Proceeding. 
 (c) Without limiting the rights of Collateral Agent and the Lenders set forth in Sections 9.1(a) and
(b) above, upon the occurrence and during the continuance of an Event of Default, Collateral Agent shall have the right and at the written direction of the Required Lenders shall, without notice or demand, to do any or all of the following:

 (i) settle or adjust disputes and claims directly with Account Debtors for amounts on terms and in any order that Collateral Agent
considers advisable, notify any Person owing Borrower money of Collateral Agent’s security interest in such funds, and verify the amount of such account; 

(ii) make any payments and do any acts it considers necessary or reasonable to protect the Collateral and/or its Liens in the Collateral (held
for the ratable benefit of the Secured Parties). Borrower shall assemble the Collateral if Collateral Agent requests and make it available at such location as Collateral Agent reasonably designates. Collateral Agent may enter premises where the
Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants
Collateral Agent a license to enter and occupy any of its premises, without charge, to exercise any of Collateral Agent’s rights or remedies; 

(iii) ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, and/or advertise for sale, any of the Collateral. Collateral
Agent is hereby granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s and each of its Subsidiaries’ labels, patents, copyrights, mask works, rights of use of
any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in connection with
Collateral Agent’s exercise of its rights under this Section 9.1, Borrower’s and each of its Subsidiaries’ rights under all licenses and all franchise agreements inure to Collateral Agent, for the benefit of the Lenders; 

(iv) place a “hold” on any Collateral Account maintained with Collateral Agent or any Lender or otherwise in respect of which a
Control Agreement has been delivered in favor of Collateral Agent (for the ratable benefit of the Secured Parties) and/or deliver a notice of exclusive control, any entitlement order, or other directions or instructions pursuant to any Control
Agreement or similar agreements providing control of any Collateral; 
 (v) demand and receive possession of Borrower’s Books; 

(vi) appoint a receiver to seize, manage and realize any of the Collateral, and such receiver shall have any right and authority as any
competent court will grant or authorize in accordance with any applicable law, including any power or authority to manage the business of Borrower or any of its Subsidiaries; and 

(vii) subject to clauses 9.1(a) and (b), exercise all rights and remedies available to Collateral Agent and each Lender under the Loan
Documents or at law or equity, including all remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof). 

 Notwithstanding any provision of this Section 9.1 to the contrary, upon the occurrence of any Event of
Default, Collateral Agent shall have the right to exercise any and all remedies referenced in this Section 9.1 without the written consent of Required Lenders following the occurrence of an Exigent Circumstance. 

9.2 Power of Attorney. Borrower hereby irrevocably appoints Collateral Agent as its lawful attorney-in-fact, exercisable upon the occurrence and during the continuance of an Event of Default, to: (a) endorse Borrower’s or any of its Subsidiaries’ name on any checks or other forms of
payment or security; (b) sign Borrower’s or any of its Subsidiaries’ name on any invoice or bill of lading for any Account or drafts against Account Debtors; (c) settle and adjust disputes and claims about the Accounts of
Borrower directly with the applicable Account Debtors, for amounts and on terms Collateral Agent determines reasonable; (d) make, settle, and adjust all claims under Borrower’s insurance policies; (e) pay, contest or settle any Lien,
charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; and (f) transfer the Collateral into the name of Collateral Agent
or a third party as the Code or any applicable law permits. Borrower hereby appoints Collateral Agent as its lawful attorney-in-fact to sign Borrower’s or any of
its Subsidiaries’ name on any documents necessary to perfect or continue the perfection of (in each case to the extent required hereunder) Collateral Agent’s security interest in the Collateral regardless of whether an Event of Default has
occurred until all Obligations (other than inchoate indemnity obligations and other obligations that survive termination of this Agreement, in each case, for which no claim has been made) have been satisfied in full and Collateral Agent and the
Lenders are under no further obligation to extend a Term Loan hereunder. Collateral Agent’s foregoing appointment as Borrower’s or any of its Subsidiaries’ attorney in fact, and all of Collateral Agent’s rights and powers,
coupled with an interest, are irrevocable until all Obligations (other than inchoate indemnity obligations and other obligations that survive termination of this Agreement, in each case, for which no claim has been made) have been fully repaid and
performed and Collateral Agent’s and the Lenders’ obligation to provide a Term Loan terminates. 
 9.3 Protective Payments.
If Borrower or any of its Subsidiaries fail to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower or any of its Subsidiaries is obligated to pay under this
Agreement or any other Loan Document, Collateral Agent may obtain such insurance or make such payment, and all amounts so paid by Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the Default Rate, and
secured by the Collateral. Collateral Agent will make reasonable efforts to provide Borrower with notice of Collateral Agent obtaining such insurance or making such payment at the time it is obtained or paid or within a reasonable time thereafter.
No such payments by Collateral Agent are deemed an agreement to make similar payments in the future or Collateral Agent’s waiver of any Event of Default. 

 9.4 Application of Payments and Proceeds. Notwithstanding anything to the contrary
contained in this Agreement, upon the occurrence and during the continuance of an Event of Default, (a) Borrower irrevocably waives the right to direct the application of any and all payments at any time or times thereafter received by
Collateral Agent from or on behalf of Borrower or any of its Subsidiaries of all or any part of the Obligations, and, as between Borrower on the one hand and Collateral Agent and Lenders on the other, Collateral Agent shall have the continuing and
exclusive right to apply and to reapply any and all payments received against the Obligations in such manner as Collateral Agent may deem advisable notwithstanding any previous application by Collateral Agent, and (b) the proceeds of any sale
of, or other realization upon all or any part of the Collateral shall be applied: first, to the Lenders’ Expenses; second, to accrued and unpaid interest on the Obligations (including any interest which, but for the provisions of the United
States Bankruptcy Code, would have accrued on such amounts); third, to the principal amount of the Obligations outstanding; and fourth, to any other Obligations owing to Collateral Agent or any Lender under the Loan Documents. Any balance remaining
shall be delivered to Borrower or to whoever may be lawfully entitled to receive such balance or as a court of competent jurisdiction may direct. In carrying out the foregoing, (x) amounts received shall be applied in the numerical order
provided until exhausted prior to the application to the next succeeding category, and (y) each of the Persons entitled to receive a payment in any particular category shall receive an amount equal to its pro rata share of amounts (except in
the case of the Final Fee, which shall be shared by the Lenders as set forth in the definition thereof) available to be applied pursuant thereto for such category. Any reference in this Agreement to an allocation between or sharing by the Lenders of
any right, interest or obligation “ratably,” “proportionally” or in similar terms shall refer to the Lenders’ Pro Rata Shares unless expressly provided otherwise. Collateral Agent, or if applicable, each Lender, shall
promptly remit to the other Lenders such sums as may be necessary to ensure the ratable repayment of each Lender’s Pro Rata Share of any Term Loan and the ratable distribution of interest, fees and reimbursements paid or made by Borrower.
Notwithstanding the foregoing, a Lender receiving a scheduled payment shall not be responsible for determining whether the other Lenders also received their scheduled payment on such date; provided, however, if it is later determined that a Lender
received more than its Pro Rata Share of scheduled payments made on any date or dates, then such Lender shall remit to Collateral Agent or other the Lenders such sums as may be necessary to ensure the ratable payment of such scheduled payments, as
instructed by Collateral Agent. If any payment or distribution of any kind or character, whether in cash, properties or securities, shall be received by a Lender in excess of its Pro Rata Share, then the portion of such payment or distribution in
excess of such Lender’s Pro Rata Share shall be received and held by such Lender in trust for and shall be promptly paid over to the other Lenders (in accordance with their respective Pro Rata Shares) for application to the payments of amounts
due on such other Lenders’ claims. To the extent any payment for the account of Borrower is required to be returned as a voidable transfer or otherwise, the Lenders shall contribute to one another as is necessary to ensure that such return of
payment is on a pro rata basis. If any Lender shall obtain possession of any Collateral, it shall hold such Collateral for itself and as agent and bailee for the Secured Parties for purposes of perfecting Collateral Agent’s security interest
therein (held for the ratable benefit of the Secured Parties). 
 9.5 Liability for Collateral. So long as Collateral Agent and the
Lenders comply with reasonable banking practices regarding the safekeeping of the Collateral in the possession or under the control of Collateral Agent and the Lenders, Collateral Agent and the Lenders shall not be liable or responsible for:
(a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears
all risk of loss, damage or destruction of the Collateral. 

 9.6 No Waiver; Remedies Cumulative. Failure by Collateral Agent or any Lender, at any
time or times, to require strict performance by Borrower of any provision of this Agreement or by Borrower or any other Loan Document shall not waive, affect, or diminish any right of Collateral Agent or any Lender thereafter to demand strict
performance and compliance herewith or therewith. No waiver hereunder shall be effective unless signed by Collateral Agent and the Required Lenders and then is only effective for the specific instance and purpose for which it is given. The rights
and remedies of Collateral Agent and the Lenders under this Agreement and the other Loan Documents are cumulative. Collateral Agent and the Lenders have all rights and remedies provided under the Code, any applicable law, by law, or in equity. The
exercise by Collateral Agent or any Lender of one right or remedy is not an election, and Collateral Agent’s or any Lender’s waiver of any Event of Default is not a continuing waiver. Collateral Agent’s or any Lender’s delay in
exercising any remedy is not a waiver, election, or acquiescence. 
 9.7 Demand Waiver. Borrower waives, to the fullest extent
permitted by law, demand, notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and
guarantees held by Collateral Agent or any Lender on which Borrower or any Subsidiary is liable. 
  

	10.	 NOTICES 

Other than as specifically provided herein, all notices, consents, requests, approvals, demands, or other communication (collectively,
“Communications”) by any party to this Agreement or any other Loan Document must be in writing and shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual receipt and three
(3) Business Days after deposit in the U.S. mail, first class, registered or certified mail return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by facsimile transmission; (c) one (1) Business Day
after deposit with a reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address, facsimile number, or email
address indicated below. Any of Collateral Agent, Lender or Borrower may change its mailing address or facsimile number by giving the other party written notice thereof in accordance with the terms of this Section 10. 

 

			
	If to Borrower:	  	 CARDIVA MEDICAL, INC.
 2900 Lakeside Drive,
Suite 160
 Santa Clara, CA 95054
 Attn: Lisa Garrett

Fax: [intentionally omitted]
 Email: [intentionally
omitted]

		
	If to Collateral Agent:	  	 SOLAR CAPITAL LTD.
 500 Park Avenue, 3rd
Floor
 New York, NY 10022
 Attention: Anthony Storino Fax:
[intentionally omitted]
 Email: [intentionally omitted]

			
	with a copy(which shall not constitute notice) to:	  	 Baker Botts L.L.P.
 101 California Street, Suite
3600
 San Francisco, CA 94111
 Attn: Jeff Kayes Fax:
[intentionally omitted]
 Email: [intentionally omitted]

  

	11.	 CHOICE OF LAW, VENUE AND JURY TRIAL WAIVER 

11.1 Waiver of Jury Trial. EACH OF BORROWER, COLLATERAL AGENT AND LENDERS UNCONDITIONALLY WAIVES ANY AND ALL RIGHT TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT, ANY OF THE OTHER LOAN DOCUMENTS, ANY OF THE INDEBTEDNESS SECURED HEREBY, ANY DEALINGS AMONG BORROWER, COLLATERAL AGENT AND/OR LENDERS RELATING TO THE SUBJECT MATTER OF THIS
TRANSACTION OR ANY RELATED TRANSACTIONS, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED AMONG BORROWER, COLLATERAL AGENT AND/OR LENDERS. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY
COURT. THIS WAIVER IS IRREVOCABLE. THIS WAIVER MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING. THE WAIVER ALSO SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENTS, OR TO ANY
OTHER DOCUMENTS OR AGREEMENTS RELATING TO THIS TRANSACTION OR ANY RELATED TRANSACTION. THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

11.2 Governing Law and Jurisdiction. THIS AGREEMENT, THE OTHER LOAN DOCUMENTS (EXCLUDING THOSE LOAN DOCUMENTS THAT BY THEIR OWN TERMS
ARE EXPRESSLY GOVERNED BY THE LAWS OF ANOTHER JURISDICTION) AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL IN ALL RESPECTS BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK
(WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES OF SUCH STATE), INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, REGARDLESS OF THE LOCATION OF THE COLLATERAL, PROVIDED, HOWEVER, THAT IF THE LAWS OF ANY JURISDICTION
OTHER THAN NEW YORK SHALL GOVERN IN REGARD TO THE VALIDITY, PERFECTION OR EFFECT OF PERFECTION OF ANY LIEN OR IN REGARD TO PROCEDURAL MATTERS AFFECTING ENFORCEMENT OF ANY LIENS IN COLLATERAL, SUCH LAWS OF SUCH OTHER JURISDICTIONS SHALL CONTINUE TO
APPLY TO THAT EXTENT. 
 11.3 Submission to Jurisdiction. Any legal action or proceeding with respect to the Loan Documents shall be
brought exclusively in the courts of the State of New York located in the City of New York, Borough of Manhattan, or of the United States of America for the Southern District of New York and, by execution and delivery of this Agreement, Borrower
hereby accepts for itself and in respect of its Property, generally and unconditionally, the jurisdiction of the aforesaid courts. Notwithstanding the foregoing, Collateral Agent and Lenders shall have the right

 
to bring any action or proceeding against Borrower (or any property of Borrower) in the court of any other jurisdiction Collateral Agent or Lenders deem necessary or appropriate in order to
realize on the Collateral or other security for the Obligations. The parties hereto hereby irrevocably waive any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or
hereafter have to the bringing of any such action or proceeding in such jurisdictions. 
 11.4 Service of Process. Borrower
irrevocably waives personal service of any and all legal process, summons, notices and other documents and other service of process of any kind and consents to such service in any suit, action or proceeding brought in the United States of America
with respect to or otherwise arising out of or in connection with any Loan Document by any means permitted by applicable requirements of law, including by the mailing thereof (by registered or certified mail, postage prepaid) to the address of
Borrower specified herein (and shall be effective when such mailing shall be effective, as provided therein). Borrower agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. 
 11.5 Non-exclusive
Jurisdiction. Nothing contained in this Article 11 shall affect the right of Collateral Agent or Lenders to serve process in any other manner permitted by applicable requirements of law or commence legal proceedings or otherwise proceed against
Borrower in any other jurisdiction. 
  

	12.	 GENERAL PROVISIONS 

12.1 Successors and Assigns. This Agreement binds and is for the benefit of the successors and permitted assigns of each party. Borrower
may not transfer, pledge or assign this Agreement or any rights or obligations under it without Collateral Agent’s prior written consent (which may be granted or withheld in Collateral Agent’s discretion, subject to Section 12.5). The
Lenders have the right, without the consent of or notice to Borrower, to sell, transfer, assign, pledge, negotiate, or grant participation in (any such sale, transfer, assignment, negotiation, or grant of a participation, a “Lender
Transfer”) all or any part of, or any interest in, the Lenders’ obligations, rights, and benefits under this Agreement and the other Loan Documents; provided, however, that any such Lender Transfer (other than (i) any Transfer at
any time that an Event of Default has occurred and is continuing, or (ii) a transfer, pledge, sale or assignment to an Eligible Assignee) of its obligations, rights, and benefits under this Agreement and the other Loan Documents shall require
the prior written consent of the Collateral Agent (such approved assignee, an “Approved Lender”); and provided further, that, on the date it becomes a party to this Agreement, an Approved Lender must be capable, through its
applicable lending office, of receiving payments of interest from the Borrower without the imposition of any withholding taxes that would be required to be borne by the Borrower or requiring the payment of any additional amounts by Borrower pursuant
to Section 2.5 hereof. Borrower and Collateral Agent shall be entitled to continue to deal solely and directly with such Lender in connection with the interests so assigned until Collateral Agent shall have received and accepted an effective
assignment agreement in form satisfactory to Collateral Agent executed, delivered and fully completed by the applicable parties thereto, and shall have received such other information regarding such Eligible Assignee or Approved Lender as Collateral
Agent reasonably shall require. Collateral Agent shall use commercially reasonable efforts to provide notice to Borrower of each Lender Transfer 

 
promptly following such Lender Transfer. Notwithstanding anything to the contrary contained herein, so long as no Event of Default has occurred and is continuing, no Lender Transfer (other than a
Lender Transfer in connection with (x) assignments by a Lender due to a forced divestiture at the request of any regulatory agency; or (y) upon the occurrence of a default, event of default or similar occurrence with respect to a
Lender’s own financing or securitization transactions) shall be permitted, without Borrower’s consent, to any Person which is an Affiliate or Subsidiary of Borrower, a direct competitor of Borrower or a vulture hedge fund, each as
reasonably determined by Collateral Agent at the time of such assignment. 
 12.2 Indemnification. Subject to Section 2.5,
Borrower agrees to indemnify, defend and hold each Secured Party and their respective directors, officers, employees, consultants, agents, attorneys, or any other Person affiliated with or representing such Secured Party (each, an
“Indemnified Person”) harmless against: (a) all obligations, demands, claims, and liabilities (collectively, “Claims”) asserted by any other party in connection with; related to; following; or arising from, out
of or under, the transactions contemplated by the Loan Documents; and (b) all losses and Lenders’ Expenses incurred, or paid by Indemnified Person in connection with; related to; following; or arising from, out of or under, the
transactions contemplated by the Loan Documents (including reasonable attorneys’ fees and expenses), except, in each case, for Claims and/or losses directly caused by such Indemnified Person’s gross negligence or willful misconduct.
Borrower hereby further agrees to indemnify, defend and hold each Indemnified Person harmless from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims, costs, expenses and disbursements of
any kind or nature whatsoever (including the fees and disbursements of counsel for such Indemnified Person) in connection with any investigative, response, remedial, administrative or judicial matter or proceeding, whether or not such Indemnified
Person shall be designated a party thereto and including any such proceeding initiated by or on behalf of Borrower, and the reasonable expenses of investigation by engineers, environmental consultants and similar technical personnel and any
commission, fee or compensation claimed by any broker (other than any broker retained by Collateral Agent or Lenders) asserting any right to payment for the transactions contemplated hereby which may be imposed on, incurred by or asserted against
such Indemnified Person as a result of or in connection with the transactions contemplated hereby and the use or intended use of the proceeds of the loan proceeds except for liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, claims, costs, expenses and disbursements directly caused by such Indemnified Person’s gross negligence or willful misconduct. Notwithstanding the foregoing, if no direct conflict of interest is apparent in connection with the defense of
any Claim, Collateral Agent and the Lenders shall first take commercially reasonable efforts to use the same counsel as Borrower, or, if a conflict does exist, use only one counsel among all Indemnified Persons with respect to the defense of any
Claim. 
 12.3 Severability of Provisions. Each provision of this Agreement is severable from every other provision in determining the
enforceability of any provision. 
 12.4 Correction of Loan Documents. Collateral Agent may correct patent errors and, with the
consent of Borrower, fill in any blanks in this Agreement and the other Loan Documents consistent with the agreement of the parties. 

 12.5 Amendments in Writing; Integration. (a) No amendment, modification,
termination or waiver of any provision of this Agreement or any other Loan Document, no approval or consent thereunder, or any consent to any departure by Borrower or any of its Subsidiaries therefrom, shall in any event be effective unless the same
shall be in writing and signed by Borrower, Collateral Agent and the Required Lenders provided that: 
 (i) no such amendment, waiver or
other modification that would have the effect of increasing or reducing a Lender’s Term Loan Commitment or Commitment Percentage shall be effective as to such Lender without such Lender’s written consent; 

(ii) no such amendment, waiver or modification that would affect the rights and duties of Collateral Agent shall be effective without
Collateral Agent’s written consent or signature; and 
 (iii) no such amendment, waiver or other modification shall, unless signed by
all the Lenders directly affected thereby: (A) reduce the principal of, rate of interest on or any fees with respect to any Term Loan or forgive any principal, interest (other than default interest) or fees (other than late charges) with
respect to any Term Loan; (B) postpone the date fixed for, or waive, any payment of principal of any Term Loan or of interest on any Term Loan (other than default interest) or any fees provided for hereunder (other than late charges or for any
termination of any commitment); (C) change the definition of the term “Required Lenders” or the percentage of Lenders which shall be required for the Lenders to take any action hereunder; (D) release all or substantially all of
any material portion of the Collateral, authorize Borrower to sell or otherwise dispose of all or substantially all or any material portion of the Collateral or release any Guarantor of all or any portion of the Obligations or its Guaranty
obligations with respect thereto, except, in each case with respect to this clause (D), as otherwise may be expressly permitted under this Agreement or the other Loan Documents (including in connection with any disposition permitted hereunder); (E)
amend, waive or otherwise modify this Section 12.5 or the definitions of the terms used in this Section 12.5 insofar as the definitions affect the substance of this Section 12.5; (F) consent to the assignment, delegation or other
transfer by Borrower of any of its rights and obligations under any Loan Document or release Borrower of its payment obligations under any Loan Document, except, in each case with respect to this clause (F), pursuant to a merger or consolidation
permitted pursuant to this Agreement; (G) amend any of the provisions of Section 9.4 or amend any of the definitions of Pro Rata Share, Term Loan Commitment, Commitment Percentage or that provide for the Lenders to receive their Pro Rata
Shares of any fees, payments, setoffs or proceeds of Collateral hereunder; (H) subordinate the Liens granted in favor of Collateral Agent securing the Obligations; or (I) amend any of the provisions of Section 12.5. It is hereby
understood and agreed that all Lenders shall be deemed directly affected by an amendment, waiver or other modification of the type described in the preceding clauses (C), (D), (E), (F), (G) and (H) of the immediately preceding sentence. 

(b) Other than as expressly provided for in Section 12.5(a)(i)-(iii), Collateral Agent may, if requested by the Required Lenders, from
time to time designate covenants in this Agreement less restrictive by notification to a representative of Borrower. 
 (c) This Agreement
and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements with respect to such subject matter. All prior agreements, understandings, representations, warranties, and negotiations
between the parties about the subject matter of this Agreement and the Loan Documents merge into this Agreement and the Loan Documents. 

 12.6 Counterparts. This Agreement may be executed in any number of counterparts and
by different parties on separate counterparts, each of which, when executed and delivered, is an original, and all taken together, constitute one Agreement. 

12.7 Survival. All covenants, representations and warranties made in this Agreement continue in full force and effect until this
Agreement has terminated pursuant to its terms and all Obligations (other than inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement, in each case, for which no claim has
been made) have been satisfied. The obligation of Borrower in Section 12.2 to indemnify each Lender and Collateral Agent, as well as the confidentiality provisions in Section 12.8 below, shall survive until the statute of limitations with
respect to such claim or cause of action shall have run. 
 12.8 Confidentiality. In handling any confidential information of
Borrower, each of the Lenders and Collateral Agent shall exercise the same degree of care that it exercises for their own proprietary information, but disclosure of information may be made: (a) subject to the terms and conditions of this
Agreement, to the Lenders’ and Collateral Agent’s Subsidiaries or Affiliates, or in connection with a Lender’s own financing or securitization transactions and upon the occurrence of a default, event of default or similar occurrence
with respect to such financing or securitization transaction; (b) to prospective transferees (other than those identified in (a) above) or purchasers of any interest in a Term Loan (provided, however, the Lenders and Collateral Agent shall
obtain such prospective transferee’s or purchaser’s agreement to the terms of this provision or to similar confidentiality terms); (c) as required by law, regulation, subpoena, or other order; (d) to Lenders’ or Collateral
Agent’s regulators or as otherwise required in connection with an examination or audit; (e) as Collateral Agent reasonably considers appropriate in exercising remedies under the Loan Documents; and (f) to third party service providers
of the Lenders and/or Collateral Agent so long as such service providers have executed a confidentiality agreement or have agreed to similar confidentiality terms with the Lenders and/or Collateral Agent, as applicable, with terms no less
restrictive than those contained herein. Confidential information does not include information that either: (i) is in the public domain or in the Lenders’ and/or Collateral Agent’s possession when disclosed to the Lenders and/or
Collateral Agent, or becomes part of the public domain after disclosure to the Lenders and/or Collateral Agent through no fault of the Lenders or the Collateral Agent; or (ii) is disclosed to the Lenders and/or Collateral Agent by a third
party, if the Lenders and/or Collateral Agent does not know that the third party is prohibited from disclosing the information. Collateral Agent and the Lenders may use confidential information for any purpose, including, without limitation, for the
development of client databases, reporting purposes, and market analysis. The provisions of the immediately preceding sentence shall survive the termination of this Agreement. The agreements provided under this Section 12.8 supersede all prior
agreements, understanding, representations, warranties, and negotiations between the parties about the subject matter of this Section 12.8. 

 12.9 Right of Set Off. Borrower hereby grants to Collateral Agent and to each Lender,
a Lien, security interest and right of set off as security for all Obligations to Secured Parties hereunder, whether now existing or hereafter arising upon and against all deposits, credits, collateral and property, now or hereafter in the
possession, custody, safekeeping or control of any Secured Party or any entity under the control of such Secured Party (including an Affiliate of Collateral Agent) or in transit to any of them. At any time after the occurrence and during the
continuance of an Event of Default, without demand or notice, any Secured Party may set off the same or any part thereof and apply the same to any liability or obligation of Borrower even though unmatured and regardless of the adequacy of any other
collateral securing the Obligations. ANY AND ALL RIGHTS TO REQUIRE COLLATERAL AGENT TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH
DEPOSITS, CREDITS OR OTHER PROPERTY OF BORROWER ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED BY BORROWER. 
 12.10 Cooperation
of Borrower. If necessary, Borrower agrees to (i) execute any documents reasonably required to effectuate and acknowledge each assignment of a Term Loan Commitment (or portion thereof) or Term Loan (or portion thereof) to an assignee in
accordance with Section 12.1, (ii) make Borrower’s management personnel available to meet with Collateral Agent and prospective participants and assignees of a Term Loan Commitment, a Term Loan or portions thereof (which meetings shall be
conducted no more often than twice every twelve months unless an Event of Default has occurred and is continuing), and (iii) assist Collateral Agent and the Lenders in the preparation of information relating to the financial affairs of Borrower
for any prospective participant or assignee of a Term Loan Commitment (or portions thereof) or Term Loan (or portions thereof) Collateral Agent or such Lender may reasonably request. Subject to the provisions of Section 12.8, Borrower
authorizes each Lender to disclose to any prospective participant or assignee of a Term Loan Commitment (or portions thereof), any and all information in such Lender’s possession concerning Borrower and its financial affairs which has been
delivered to such Lender by or on behalf of Borrower pursuant to this Agreement, or which has been delivered to such Lender by or on behalf of Borrower in connection with such Lender’s credit evaluation of Borrower prior to entering into this
Agreement. 
 12.11 Public Announcement. Borrower hereby agrees that Collateral Agent and each Lender may make a public announcement
of the transactions contemplated by this Agreement, and may publicize the same in marketing materials, newspapers and other publications, and otherwise, and in connection therewith may use Borrower’s name, tradenames and logos. 

12.12 Collateral Agent and Lender Agreement. Collateral Agent and each Lender hereby agree to the terms and conditions set forth on
Exhibit B attached hereto. Borrower acknowledges and agrees to the terms and conditions set forth on Exhibit B attached hereto. 
 12.13
Time of Essence. Time is of the essence for the performance of Obligations under this Agreement. 
 12.14 Termination Prior to
Maturity Date; Survival. All covenants, representations and warranties made in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations have been satisfied. So long as Borrower has
satisfied the Obligations (other than inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement, in each case, for which no claim has been made) in accordance with the terms of
this Agreement, this Agreement may be terminated prior to the Maturity Date by Borrower, effective five (5) Business Days after written notice of termination is given to the Collateral Agent and the Lenders. 

[Balance of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the Effective Date. 
  

			
	BORROWER:
	
	CARDIVA MEDICAL, INC.
		
	By:	 	 /s/ Lisa Garrett

	Name:	 	Lisa Garrett
	Title: Chief Financial Officer

  
 [Signature Page to Loan
and Security Agreement] 

			
	COLLATERAL AGENT AND LENDER:
	
	SOLAR CAPITAL LTD.
		
	By	 	 /s/ Anthony J. Storino

	Name:	 	Anthony J. Storino
	Title:	 	Authorized Signatory

  
 [Signature Page to Loan
and Security Agreement] 

			
	LENDER:
	
	WESTERN ALLIANCE BANK
		
	By	 	 /s/ Lauren Corentino 

	Name:	 	Lauren Corentino
	Title:	 	VP Relationship Manager

  
 [Signature Page to Loan
and Security Agreement] 

 SCHEDULE 1.1 

Lenders and Commitments 
  

																					
	 Lender
	  	Term Loan
Commitment	 	  	Initial Term
Loan
Commitment	 	  	Subsequent
Tranche I
Term Loan
Commitment	 	  	Subsequent
Tranche II
Term Loan
Commitment	 	  	Commitment
Percentage	 
	 Solar Capital Ltd.
	  	$	21,000,000.00	 	  	$	12,000,000.00	 	  	$	4,500,000.00	 	  	$	4,500,000.00	 	  	 	60.00	% 
	 Western Alliance Bank
	  	$	14,000,000.00	 	  	$	8,000,000.00	 	  	$	3,000,000.00	 	  	$	3,000,000.00	 	  	 	40.00	% 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	35,000,000.00	 	  	$	20,000,000.00	 	  	$	7,500,000.00	 	  	$	7,500,000.00	 	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 Disclosure Schedules 

Permitted Indebtedness 
 None 

Permitted Investments 
 None 

Permitted Liens 
 None 

Schedule 5.2 
 None 

Schedule 6.6 
 None 

 EXHIBIT A 

Description of Collateral 
 The
Collateral consists of all of Borrower’s and Guarantors’ right, title and interest in and to the following personal property: 

All goods, Accounts (including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases, license
agreements, franchise agreements, General Intangibles (except as noted below), commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, the Excluded
Account and other Collateral Accounts, all certificates of deposit, fixtures, letters of credit rights (whether or not the letter of credit is evidenced by a writing), securities, and all other investment property, supporting obligations, and
financial assets, whether now owned or hereafter acquired, wherever located; and 
 All Borrower’s Books relating to the foregoing, and
any and all claims, rights and interests in any of the above and all substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing.

 Notwithstanding the foregoing, the Collateral does not include (a) (1) more than 65% of the presently existing and hereafter arising
issued and outstanding shares of capital stock owned by Borrower or any Guarantor of any Foreign Subsidiary or any Excluded Domestic Subsidiary which shares entitle the holder thereof to vote for directors or any other matter or (2) any of the
stock or other equity interests in any Foreign Subsidiary that is not owned by a Guarantor, (b) any interest of Borrower as a lessee or sublessee under a real property lease; (c) rights held under a license or other agreement that are not
assignable by their terms without the consent of the counterparty thereto (but only to the extent such restriction on assignment is effective under Section 9-406,
9-407, 9-408 or 9-409 of the Code (or any successor provision or provisions) of any relevant jurisdiction or any other applicable
law (including the Bankruptcy Code) or principles of equity); or (d) any interest of Borrower as a lessee or borrower under an Equipment lease or Equipment financing if Borrower is prohibited by the terms of such agreement from granting a
security interest in such lease or agreement or under which such an assignment or Lien would cause a default to occur under such lease; provided, however, that upon termination of such prohibition, such interest shall immediately become Collateral
without any action by Borrower, Collateral Agent or any Lender, or (e) any Intellectual Property; provided, however, the Collateral shall include, all Accounts with respect to Intellectual Property and all proceeds of Intellectual Property and
any sale of Intellectual Property. If a judicial authority (including a U.S. Bankruptcy Court) would hold that a security interest in the underlying Intellectual Property is necessary to have a security interest in such Accounts and such property
that are proceeds of Intellectual Property, then the Collateral shall automatically, and effective as of the Effective Date, include the Intellectual Property to the extent necessary to permit perfection of Collateral Agent’s security interest
in such Accounts and such other property of Borrower that are proceeds of the Intellectual Property. 

 EXHIBIT B 

Collateral Agent and Lender Terms 

1. Appointment of Collateral Agent. 

(a) Each Lender hereby appoints Solar (together with any successor Collateral Agent pursuant to Section 7 of this Exhibit B) as Collateral
Agent under the Loan Documents and authorizes Collateral Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from Borrower, (ii) take such action on its behalf and to exercise all rights, powers
and remedies and perform the duties as are expressly delegated to Collateral Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto. 

(b) Without limiting the generality of clause (a) above, Collateral Agent shall have the sole and exclusive right and authority (to the
exclusion of the Lenders), and is hereby authorized, to (i) act as the disbursing and collecting agent for the Lenders with respect to all payments and collections arising in connection with the Loan Documents (including in any other
bankruptcy, insolvency or similar proceeding), and each Person making any payment in connection with any Loan Document to any Lender is hereby authorized to make such payment to Collateral Agent, (ii) file and prove claims and file other
documents necessary or desirable to allow the claims of Collateral Agent and Lenders with respect to any Obligation in any bankruptcy, insolvency or similar proceeding (but not to vote, consent or otherwise act on behalf of such Lender), (iii) act
as collateral agent for the Secured Parties for purposes of the perfection of all Liens created by the Loan Documents and all other purposes stated therein, (iv) manage, supervise and otherwise deal with the Collateral as permitted pursuant to
the Loan Agreement, (v) take such other action as is necessary or desirable to maintain the perfection and priority of the Liens created or purported to be created by the Loan Documents, (vi) except as may be otherwise specified in any
Loan Document, exercise all remedies given to Collateral Agent and the other Lenders with respect to the Borrower and/or the Collateral, whether under the Loan Documents, applicable Requirements of Law or otherwise and (vii) execute any
amendment, consent or waiver under the Loan Documents on behalf of any Lender that has consented in writing to such amendment, consent or waiver; provided, however, that Collateral Agent hereby appoints, authorizes and directs each
Lender to act as collateral sub-agent for Collateral Agent and the Lenders for purposes of the perfection of all Liens with respect to the Collateral, including any Deposit Account maintained by Borrower or
any Guarantor with, and cash and Cash Equivalents held by, such Lender, and may further authorize and direct the Lenders to take further actions as collateral sub-agents for purposes of enforcing such Liens or
otherwise to transfer the Collateral subject thereto to Collateral Agent, and each Lender hereby agrees to take such further actions to the extent, and only to the extent, so authorized and directed. Collateral Agent may, upon any term or condition
it specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any trustee,
co-agent, employee, attorney-in-fact and any other Person (including any Lender). Any such Person shall benefit from this Exhibit
B to the extent provided by Collateral Agent. 

 (c) Under the Loan Documents, and except as expressly set forth in this Exhibit B,
Collateral Agent (i) is acting solely on behalf of the Lenders, with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Collateral Agent”, the terms “agent”, “Collateral
Agent” and “collateral agent” and similar terms in any Loan Document to refer to Collateral Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Loan Document other than as expressly
set forth therein or any role as agent, fiduciary or trustee of or for any Lender or any other Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each
Lender, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against Collateral Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.
Except as expressly set forth in the Loan Documents, Collateral Agent shall not have any duty to disclose, and shall not be liable for failure to disclose, any information relating to Borrower or any of its Subsidiaries that is communicated to or
obtained by Solar or any of its Affiliates in any capacity. 
 2. Binding Effect; Use of Discretion;
E-Systems. 
 (a) Each Lender, by accepting the benefits of the Loan Documents, agrees that
(i) any action taken by Collateral Agent or the Required Lenders (or, if expressly required in any Loan Document, a greater proportion of the Lenders) in accordance with the provisions of the Loan Documents, (ii) any action taken by
Collateral Agent in reliance upon the instructions of the Required Lenders (or, where so required, such greater proportion) and (iii) the exercise by Collateral Agent or the Required Lenders (or, where so required, such greater proportion) of
the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of Lenders. 

(b) If Collateral Agent shall request instructions from the Required Lenders or all affected Lenders with respect to any act or action
(including failure to act) in connection with any Loan Document, then Collateral Agent shall be entitled to refrain from such act or taking such action unless and until Collateral Agent shall have received instructions from the Required Lenders or
all affected Lenders, as the case may be, and Collateral Agent shall not incur liability to any Person by reason of so refraining. Collateral Agent shall be fully justified in failing or refusing to take any action under any Loan Document
(i) if such action would, in the opinion of Collateral Agent, be contrary to any Requirement of Law or any Loan Document, (ii) if such action would, in the opinion of Collateral Agent, expose Collateral Agent to any potential liability
under any Requirement of Law or (iii) if Collateral Agent shall not first be indemnified to its satisfaction against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.
Without limiting the foregoing, no Lender shall have any right of action whatsoever against Collateral Agent as a result of Collateral Agent acting or refraining from acting under any Loan Document in accordance with the instructions of the Required
Lenders or all affected Lenders, as applicable. 
 (c) Collateral Agent is hereby authorized by Borrower and each Lender to establish
procedures (and to amend such procedures from time to time) to facilitate administration and servicing of the Term Loans and other matters incidental thereto. Without limiting the generality of the foregoing, Collateral Agent is hereby authorized to
establish procedures to make available or deliver, or to accept, notices, documents (including, without limitation, borrowing base certificates) and similar items on, by posting to or submitting and/or completion, on
E-Systems. Borrower and each Lender acknowledges and agrees that the use of transmissions via an E-System or electronic mail is not necessarily secure and that there are
risks associated with such 

 
use, including risks of interception, disclosure and abuse, and Borrower and each Lender assumes and accepts such risks by hereby authorizing the transmission via
E-Systems or electronic mail. Each “e-signature” on any such posting shall be deemed sufficient to satisfy any requirement for a “signature”, and
each such posting shall be deemed sufficient to satisfy any requirement for a “writing”, in each case including pursuant to any Loan Document, any applicable provision of any Code, the federal Uniform Electronic Transactions Act, the
Electronic Signatures in Global and National Commerce Act and any substantive or procedural Requirement of Law governing such subject matter. All uses of an E-System shall be governed by and subject to, in
addition to this Section, the separate terms, conditions and privacy policy posted or referenced in such E-System (or such terms, conditions and privacy policy as may be updated from time to time, including on
such E-System) and related contractual obligations executed by Collateral Agent, Borrower and/or Lenders in connection with the use of such E-System. ALL E-SYSTEMS AND ELECTRONIC TRANSMISSIONS SHALL BE PROVIDED “AS IS” AND “AS AVAILABLE”. NO REPRESENTATION OR WARRANTY OF ANY KIND IS MADE BY AGENT, ANY LENDER OR ANY OF THEIR RELATED PERSONS IN
CONNECTION WITH ANY E-SYSTEMS. 
 3. Collateral Agent’s Reliance, Etc. Collateral Agent
may, without incurring any liability hereunder, (a) consult with any of its Related Persons and, whether or not selected by it, any other advisors, accountants and other experts (including advisors to, and accountants and experts engaged by,
Borrower) and (b) rely and act upon any document and information (including those transmitted by electronic transmission) and any telephone message or conversation, in each case believed by it in good faith to be genuine and transmitted, signed
or otherwise authenticated by the appropriate parties. None of Collateral Agent and its Related Persons shall be liable for any action taken or omitted to be taken by any of them under or in connection with any Loan Document, and each Lender and
Borrower hereby waives and shall not assert (and Borrower shall cause its Subsidiaries to waive and agree not to assert) any right, claim or cause of action based thereon, except to the extent of liabilities resulting from the gross negligence or
willful misconduct of Collateral Agent or, as the case may be, such Related Person (each as determined in a final, non-appealable judgment of a court of competent jurisdiction) in connection with the duties of
Collateral Agent expressly set forth herein. Without limiting the foregoing, Collateral Agent: (i) shall not be responsible or otherwise incur liability for any action or omission taken in reliance upon the instructions of the Required Lenders
or for the actions or omissions of any of its Related Persons, except to the extent that a court of competent jurisdiction determines in a final non-appealable judgment that Collateral Agent acted with gross
negligence or willful misconduct in the selection of such Related Person; (ii) shall not be responsible to any Lender or other Person for the due execution, legality, validity, enforceability, effectiveness, genuineness, sufficiency or value
of, or the attachment, perfection or priority of any Lien created or purported to be created under or in connection with, any Loan Document; (iii) makes no warranty or representation, and shall not be responsible, to any Lender or other Person
for any statement, document, information, representation or warranty made or furnished by or on behalf of Borrower or any Related Person of Borrower in connection with any Loan Document or any transaction contemplated therein or any other document
or information with respect to Borrower, whether or not transmitted or (except for documents expressly required under any Loan Document to be transmitted to the Lenders) omitted to be transmitted by Collateral Agent, including as to completeness,
accuracy, scope or adequacy thereof, or for the scope, nature or results of any due diligence performed by Collateral Agent in connection with the Loan Documents; and (iv) shall not have any duty to ascertain or to inquire as to the performance
or observance of any provision of any Loan Document, whether any 

 
condition set forth in any Loan Document is satisfied or waived, as to the financial condition of Borrower or as to the existence or continuation or possible occurrence or continuation of any
Event of Default, and shall not be deemed to have notice or knowledge of such occurrence or continuation unless it has received a notice from Borrower or any Lender describing such Event of Default that is clearly labeled “notice of
default” (in which case Collateral Agent shall promptly give notice of such receipt to all Lenders. 
 4. Collateral Agent
Individually. To the extent Collateral Agent or any of its Affiliates becomes a Lender hereunder, it shall have and may exercise the same rights and powers hereunder and shall be subject to the same obligations and liabilities as any other
Lender and the terms “Lender”, “Required Lender” and any similar terms shall, except where otherwise expressly provided in any Loan Document, include, without limitation, Collateral Agent or such Affiliate, as the case may be, in
its individual capacity as Lender, or as one of the Required Lenders. 
 5. Lender Credit Decision; Collateral Agent Report. Each
Lender acknowledges that it shall, independently and without reliance upon Collateral Agent, any Lender or any of their Related Persons or upon any document solely or in part because such document was transmitted by Collateral Agent or any of its
Related Persons, conduct its own independent investigation of the financial condition and affairs of Borrower and make and continue to make its own credit decisions in connection with entering into, and taking or not taking any action under, any
Loan Document or with respect to any transaction contemplated in any Loan Document, in each case based on such documents and information as it shall deem appropriate. Except for documents expressly required by any Loan Document to be transmitted by
Collateral Agent to the Lenders, Collateral Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations, Property, financial and other condition or
creditworthiness of Borrower or any Affiliate of Borrower that may come in to the possession of Collateral Agent or any of its Related Persons. Each Lender agrees that is shall not rely on any field examination, audit or other report provided by
Collateral Agent or its Related Persons (a “Collateral Agent Report”). Each Lender further acknowledges that any Collateral Agent Report (a) is provided to the Lenders solely as a courtesy, without consideration, and based upon
the understanding that such Lender will not rely on such Collateral Agent Report, (b) was prepared by Collateral Agent or its Related Persons based upon information provided by Borrower solely for Collateral Agent’s own internal use, and
(c) may not be complete and may not reflect all information and findings obtained by Collateral Agent or its Related Persons regarding the operations and condition of Borrower. Neither Collateral Agent nor any of its Related Persons makes any
representations or warranties of any kind with respect to (i) any existing or proposed financing, (ii) the accuracy or completeness of the information contained in any Collateral Agent Report or in any related documentation, (iii) the
scope or adequacy of Collateral Agent’s and its Related Persons’ due diligence, or the presence or absence of any errors or omissions contained in any Collateral Agent Report or in any related documentation, and (iv) any work
performed by Collateral Agent or Collateral Agent’s Related Persons in connection with or using any Collateral Agent Report or any related documentation. Neither Collateral Agent nor any of its Related Persons shall have any duties or
obligations in connection with or as a result of any Lender receiving a copy of any Collateral Agent Report. Without limiting the generality of the forgoing, neither Collateral Agent nor any of its Related Persons shall have any responsibility for
the accuracy or completeness of any Collateral Agent Report, or the appropriateness of any Collateral Agent Report for any Lender’s purposes, and shall have no duty or responsibility to correct or

 
update any Collateral Agent Report or disclose to any Lender any other information not embodied in any Collateral Agent Report, including any supplemental information obtained after the date of
any Collateral Agent Report. Each Lender releases, and agrees that it will not assert, any claim against Collateral Agent or its Related Persons that in any way relates to any Collateral Agent Report or arises out of any Lender having access to any
Collateral Agent Report or any discussion of its contents, and agrees to indemnify and hold harmless Collateral Agent and its Related Persons from all claims, liabilities and expenses relating to a breach by any Lender arising out of such
Lender’s access to any Collateral Agent Report or any discussion of its contents. 
 6. Indemnification. Each Lender agrees to
reimburse Collateral Agent and each of its Related Persons (to the extent not reimbursed by Borrower as required under the Loan Documents (including pursuant to Section 12.2 of the Agreement)) promptly upon demand for its Pro Rata Share of any out-of-pocket costs and expenses (including, without limitation, fees, charges and disbursements of financial, legal and other advisors and any taxes or insurance paid in the
name of, or on behalf of, Borrower) incurred by Collateral Agent or any of its Related Persons in connection with the preparation, syndication, execution, delivery, administration, modification, amendment, consent, waiver or enforcement of, or the
taking of any other action (whether through negotiations, through any work-out, bankruptcy, restructuring or other legal or other proceeding (including, without limitation, preparation for and/or response to
any subpoena or request for document production relating thereto) or otherwise) in respect of, or legal advice with respect to, its rights or responsibilities under, any Loan Document (collectively, “Costs”); provided that no Lender
shall be liable for the payment to Collateral Agent of any Costs which resulted from the gross negligence or willful misconduct of Collateral Agent or, as the case may be, such Related Person, as determined by a final
non-appealable judgment of a court of competent jurisdiction. Each Lender further agrees to indemnify Collateral Agent and each of its Related Persons (to the extent not reimbursed by Borrower as required
under the Loan Documents (including pursuant to Section 12.2 of the Agreement)), ratably according to its Pro Rata Share, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever (including, to the extent not indemnified by the applicable Lender, taxes, interests and penalties imposed for not properly withholding or backup withholding on payments made to or for the
account of any Lender) that may be imposed on, incurred by, or asserted against Collateral Agent or any of its Related Persons in any matter relating to or arising out of, in connection with or as a result of any Loan Document or any other act,
event or transaction related, contemplated in or attendant to any such document, or, in each case, any action taken or omitted to be taken by Collateral Agent or any of its Related Persons under or with respect to the foregoing; provided that no
Lender shall be liable to Collateral Agent or any of its Related Persons under this Section 6 of this Exhibit B to the extent such liability has resulted from the gross negligence or willful misconduct of Collateral Agent or, as the case may
be, such Related Person, as determined by a final non-appealable judgment of a court of competent jurisdiction. 

7. Successor Collateral Agent. Collateral Agent may resign at any time by delivering notice of such resignation to the Lenders and
Borrower, effective on the date set forth in such notice or, if no such date is set forth therein, upon the date such notice shall be effective, in accordance with the terms of this Section 7 of this Exhibit B. If Collateral Agent delivers any
such notice, the Required Lenders shall have the right to appoint a successor Collateral Agent. If, after 30 days after the date of the retiring Collateral Agent’s notice of resignation, no successor

 
Collateral Agent has been appointed by the Required Lenders and has accepted such appointment, then the retiring Collateral Agent may, on behalf of the Lenders, appoint a successor Collateral
Agent from among the Original Lenders, if any, and if none, from among the Lenders. Effective immediately upon its resignation, (a) the retiring Collateral Agent shall be discharged from its duties and obligations under the Loan Documents,
(b) the Lenders shall assume and perform all of the duties of Collateral Agent until a successor Collateral Agent shall have accepted a valid appointment hereunder, (c) the retiring Collateral Agent and its Related Persons shall no longer
have the benefit of any provision of any Loan Document other than with respect to any actions taken or omitted to be taken while such retiring Collateral Agent was, or because such Collateral Agent had been, validly acting as Collateral Agent under
the Loan Documents, and (d) subject to its rights under Section 2(b) of this Exhibit B, the retiring Collateral Agent shall take such action as may be reasonably necessary to assign to the successor Collateral Agent its rights as
Collateral Agent under the Loan Documents. Effective immediately upon its acceptance of a valid appointment as Collateral Agent, a successor Collateral Agent shall succeed to, and become vested with, all the rights, powers, privileges and duties of
the retiring Collateral Agent under the Loan Documents. 
 8. Release of Collateral. Each Lender hereby consents to the release and
hereby directs Collateral Agent to release (or in the case of clause (b)(ii) below, release or subordinate) the following: 
 (a) any
Guarantor or co-Borrower if all of the stock of such Subsidiary owned by Borrower is sold or transferred in a transaction permitted under the Loan Documents (including pursuant to a valid waiver or consent),
to the extent that, after giving effect to such transaction, such Subsidiary would not be required to guaranty any Obligations pursuant to any Loan Document; and 

(b) any Lien held by Collateral Agent for the benefit of the Secured Parties against (i) any Collateral that is sold or otherwise disposed
of by Borrower or any Guarantor in a transaction permitted by the Loan Documents (including pursuant to a valid waiver or consent), (ii) any Collateral subject to a Lien that is expressly permitted under clause (c) of the definition of the term
“Permitted Lien” and (iii) all of the Collateral, Borrower, and any Guarantor, upon (A) termination of all of the Term Loan Commitments, (B) the payment in full in cash of all of the Obligations (other than inchoate
indemnity obligations and other obligations that survive termination of this Agreement, in each case, for which no claim has been made), and (C) to the extent requested by Collateral Agent or a Lender, receipt by Collateral Agent and Lenders of
liability releases from Borrower in form and substance acceptable to Collateral Agent and the Lenders (the satisfaction of the conditions in this clause (iii), the “Termination Date”). 

9. Setoff and Sharing of Payments. In addition to any rights now or hereafter granted under any applicable Requirement of Law and not by
way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default and subject to Section 10(d) of this Exhibit B, each Lender is hereby authorized at any time or from time to time upon the direction of
Collateral Agent, without notice to Borrower or any other Person, any such notice being hereby expressly waived, to setoff and to appropriate and to apply any and all balances held by it at any of its offices for the account of Borrower (regardless
of whether such balances are then due to Borrower) and any other properties or assets at any time held or owing by that Lender or that 

 
holder to or for the credit or for the account of Borrower against and on account of any of the Obligations that are not paid when due. Any Lender exercising a right of setoff or otherwise
receiving any payment on account of the Obligations in excess of its Pro Rata Share thereof shall purchase for cash (and the other Lenders or holders shall sell) such participations in each such other Lender’s or holder’s Pro Rata Share of
the Obligations as would be necessary to cause such Lender to share the amount so offset or otherwise received with each other Lender or holder in accordance with their respective Pro Rata Shares of the Obligations; provided that, this sentence
shall not apply to the Final Fee, which shall be shared by the Lenders as set forth in the definition thereof. Borrower agrees, to the fullest extent permitted by law, that (a) any Lender may exercise its right to offset with respect to amounts
in excess of its Pro Rata Share of the Obligations and may purchase participations in accordance with the preceding sentence and (b) any Lender so purchasing a participation in a Term Loan made or other Obligations held by other Lenders or
holders may exercise all rights of offset, bankers’ liens, counterclaims or similar rights with respect to such participation as fully as if such Lender or holder were a direct holder of a Term Loan and the other Obligations in the amount of
such participation. Notwithstanding the foregoing, if all or any portion of the offset amount or payment otherwise received is thereafter recovered from the Lender that has exercised the right of offset, the purchase of participations by that Lender
shall be rescinded and the purchase price restored without interest. 
 10. Advances; Payments;
Non-Funding Lenders; Actions in Concert. 
 (a) Advances; Payments. If Collateral Agent
receives any payment with respect to a Term Loan for the account of the Lenders on or prior to 2:00 p.m. (New York time) on any Business Day, Collateral Agent shall pay to each applicable Lender such Lender’s Pro Rata Share (except in the case
of the Final Fee, which shall be shared by the Lenders as set forth in the definition thereof) of such payment on such Business Day. If Collateral Agent receives any payment with respect to a Term Loan for the account of Lenders after 2:00 p.m. (New
York time) on any Business Day, Collateral Agent shall pay to each applicable Lender such Lender’s Pro Rata Share (except in the case of the Final Fee, which shall be shared by the Lenders as set forth in the definition thereof) of such payment
on the next Business Day. 
 (b) Return of Payments. 

(i) If Collateral Agent pays an amount to a Lender under this Agreement in the belief or expectation that a related payment has been or will
be received by Collateral Agent or on behalf of from Borrower and such related payment is not received by Collateral Agent, then Collateral Agent will be entitled to recover such amount (including interest accruing on such amount at the rate
otherwise applicable to such Obligation) from such Lender on demand without setoff, counterclaim or deduction of any kind. 
 (ii) If
Collateral Agent determines at any time that any amount received by Collateral Agent under any Loan Document must be returned to Borrower or paid to any other Person pursuant to any insolvency law or otherwise, then, notwithstanding any other term
or condition of any Loan Document, Collateral Agent will not be required to distribute any portion thereof to any Lender. In addition, each Lender will repay to Collateral Agent on demand any portion of such amount that Collateral Agent has
distributed to such Lender, together with interest at such rate, if any, as Collateral Agent is required to pay to Borrower or such other Person, without setoff, counterclaim or deduction of any kind and Collateral Agent will be entitled to set off
against future distributions to such Lender any such amounts (with interest) that are not repaid on demand. 

 (c) Non-Funding Lenders. 

(i) To the extent that any Lender has failed to fund any Term Loan or any other payments required to be made by it under the Loan Documents
after any such Term Loan is required to be made or such payment is due (a “Non-Funding Lender”), Collateral Agent shall be entitled to set off the funding short-fall against that Non-Funding Lender’s Pro Rata Share of all payments received from or on behalf of Borrower thereunder. The failure of any Non-Funding Lender to make any Term Loan or any
payment required by it hereunder shall not relieve any other Lender (each such other Lender, an “Other Lender”) of its obligations to make a Term Loan, but neither any Other Lender nor Collateral Agent shall be responsible for the
failure of any Non-Funding Lender to make a Term Loan or make any other payment required hereunder. Notwithstanding anything set forth herein to the contrary, a
Non-Funding Lender shall not have any voting or consent rights under or with respect to any Loan Document or constitute a “Lender” (or be included in the calculation of “Required Lenders”
hereunder) for any voting or consent rights under or with respect to any Loan Document. At Borrower’s request, Collateral Agent or a Person reasonably acceptable to Collateral Agent shall have the right with Collateral Agent’s consent and
in Collateral Agent’s sole discretion (but Collateral Agent or any such Person shall have no obligation) to purchase from any Non-Funding Lender, and each Lender agrees that if it becomes a Non-Funding Lender it shall, at Collateral Agent’s request, sell and assign to Collateral Agent or such Person, all of a Term Loan Commitment (if any), and all of the outstanding Term Loan of that Non-Funding Lender for an amount equal to the aggregate outstanding principal balance of a Term Loan held by such Non-Funding Lender and all accrued interest with respect
thereto through the date of sale, such purchase and sale to be consummated pursuant to an executed assignment agreement in form and substance reasonably satisfactory to, and acknowledged by, Collateral Agent. 

(d) Actions in Concert. Anything in this Agreement to the contrary notwithstanding, each Lender hereby agrees with each other Lender
that no Lender shall take any action to protect or enforce its rights arising out of any Loan Document (including exercising any rights of setoff) without first obtaining the prior written consent of the Required Lenders, it being the intent of
Lenders that any such action to protect or enforce rights under any Loan Document shall be taken in concert and at the direction or with the consent of the Required Lenders. 

11. Priority of Encumbrances; Cash Collateral. The parties acknowledge that Borrower may in the future desire to pledge cash and/or
securities in connection with the provision by Bridge Bank to Borrower of certain products and/or credit services facilities, including, without limitation, any letters of credit, cash management services (including, without limitation, merchant
services, direct deposit of payroll, business credit cards, and check cashing services), interest rate swap arrangements, and foreign exchange services (such products and/or services, collectively, the “Bank Services”) as any such
products or services may be identified in Bridge Bank’s various agreements related thereto. The parties agree that notwithstanding anything to the contrary contained in the Loan Documents, Borrower may pledge cash and/or Cash Equivalents in the
aggregate principal amount of up to Five Hundred Thousand Dollars ($500,000) to Bridge Bank as collateral to secure its actual outstanding obligations to Bridge Bank relating to Bank Services 

 
(such cash and/or Cash Equivalents and the proceeds thereof (but expressly excluding any other Collateral) being hereinafter referred to as the “Cash Collateral”). The parties
further agree that notwithstanding anything to the contrary contained in this Agreement, Bridge Bank’s lien on the Cash Collateral shall be senior in priority to the liens of the Collateral Agent and the Lenders under the Loan Documents to the
extent of Borrower’s actual reimbursement obligations in respect of Bank Services up to Two Hundred Fifty Thousand Dollars ($500,000) (collectively, the “Reimbursement Obligations”), and Bridge Bank may take such action as
Bridge Bank deems necessary in respect of the Cash Collateral only to enforce its rights and remedies to satisfy the Reimbursement Obligations, all without prior notice to or the consent of Collateral Agent or the other Lenders. Bridge Bank agrees
to use its best efforts to give immediate notice to Collateral Agent of such action being taken, and Collateral Agent may not foreclose upon, or force Bridge Bank to take any actions with respect to, the Cash Collateral notwithstanding anything in
the Loan Documents to the contrary. Bridge Bank may extend credit to Borrower in connection with the provision of Bank Services (not to exceed the aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000), inclusive of the Reimbursement
Obligations (collectively, the “Aggregate Bank Services Amount”)). Western Alliance Bank (on behalf of Bridge Bank) consents to Borrower’s grant to Collateral Agent and/or the Lenders of liens and security interests against the
Cash Collateral (and agrees that Bridge Bank shall hold such Cash Collateral both to perfect Bridge Bank’s own security interests therein as provided for in this paragraph and also as bailee and agent for Collateral Agent and Lenders to perfect
their security interests therein granted under the Loan Documents; however, Bridge Bank may release the Cash Collateral without the consent of Collateral Agent or the other Lenders), and the parties agree that (i) the Cash Collateral and
proceeds thereof shall be distributed to Bridge Bank and the other Lenders, after satisfaction of the Reimbursement Obligations to Bridge Bank, in the manner and order set forth in this Agreement and the Loan Documents, as applicable, and
(ii) to the extent that the Cash Collateral is insufficient to satisfy the Aggregate Bank Services Amount to Bridge Bank in full (a “Deficiency”), any such Deficiency cannot be repaid by Borrower (and Bridge Bank shall not
accept or receive any payments as to such Deficiency), if at all, until all of the Borrower’s other indebtedness to Collateral Agent and the Lenders under the Loan Documents have first been fully repaid. In addition to and without limiting the
foregoing, Bridge Bank will not, without the prior written consent of Collateral Agent, which may be granted or withheld in Collateral Agent’s sole discretion, declare an Event of Default, accelerate the Indebtedness or exercise any remedies
under the Loan Documents based upon the occurrence of any arrearages, the existence of any Deficiency, or otherwise with respect to Bank Services. 

 EXHIBIT C 

Loan Payment Request Form 
  

			
	Fax To: [intentionally omitted]	  	Date: December [20], 2019

  

			
	
LOAN
PAYMENT:                                     
                        [_______________________]

	 
	From Account #
                                         
                            To Account #
                                         
                           
	 	 
	(Deposit Account #)	  	(Loan Account #)
	 
	Principal $               
                                         
                        and/or Interest
$                                         
                                         
                    
	 
	Authorized Signature:             
                                         
                          Phone Number:           
                                         
                                 
	 	 
	Print Name/Title:
                                         
   	  	 

  

			
	
LOAN ADVANCE:
	  	 
	 
	Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance
are for an outgoing wire.
	 
	From Account #
                                         
                                         
      To Account #
                                         
                           
	 	 
	(Loan Account #)	  	(Deposit Account #)
	 	 
	Amount of Advance
$                            	  	 
	 
	All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and
complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in
the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date:
	 
	Authorized Signature:             
                                         
                          Phone Number:           
                                         
                         
	 	 
	Print Name/Title:
                                         
   	  	 

  

			
	
OUTGOING WIRE REQUEST:
	  	 
	 
	Complete only if all or a portion of funds from the loan advance above is to be wired.
	 	 
	Beneficiary Name:
                                         
                                	  	Amount of Wire: $
                                         
                     
	 	 
	Beneficiary Bank:
                                         
                                  	  	Account Number:
                                         
                       
	 	 
	City and State:
                                         
                                        	  	 
	 	 
	Beneficiary Bank Transit (ABA) #:
                                         
       	  	Beneficiary Bank Code (Swift, Sort, Chip, etc.):
                  
	                            
                                         
                                     	  	(For International Wire
Only)                        
	 	 
	Intermediary Bank:                        
                                         
                	  	Transit (ABA) #:
                                         
                             
	 	 
	For Further Credit to:                      
                                         
                  	  	                            
                                         
                                 
	 	 
	Special Instruction: 	  	 
	 
	  

By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and
conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us).

	 	 
	Authorized Signature:
                                         
                     	  	2nd Signature (if required):
                                         
           
	 	 
	Print Name/Title:
                                         
                             	  	Print Name/Title:
                                         
                         
	 	 
	 Telephone #:
                                         
                                   

 
  
	  	 Telephone #:
                                         
                               

 
  

 EXHIBIT D 

Compliance Certificate 
  

			
	TO:	  	 SOLAR CAPITAL LTD., as Collateral Agent and Lender

WESTERN ALLIANCE BANK, as Lender

		
	FROM:	  	Cardiva Medical, Inc.

 The undersigned authorized officer (“Officer”) of Cardiva Medical, Inc. (“Borrower”), hereby
certifies that in accordance with the terms and conditions of the Loan and Security Agreement dated as of September 28, 2018, by and among Borrower, Collateral Agent, and the Lenders from time to time party thereto (the “Loan
Agreement;” capitalized terms used but not otherwise defined herein shall have the meanings given them in the Loan Agreement), 
  

	(a)	 Borrower is in complete compliance for the period ending with all required covenants except as noted below;

  

	(b)	 There are no Defaults or Events of Default, except as noted below; 

 

	(c)	 Except as noted below, all representations and warranties of Borrower stated in the Loan Documents are true and
correct in all material respects on this date and for the period described in (a), above; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by
materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date. 

 

	(d)	 Borrower, and each of Borrower’s Subsidiaries, has timely filed all required tax returns and reports,
Borrower, and each of Borrower’s Subsidiaries, has timely paid all foreign, federal, state, and local taxes, assessments, deposits and contributions owed by Borrower, or Subsidiary, except as otherwise permitted pursuant to the terms of
Section 5.8 of the Loan Agreement; 

  

	(e)	 No Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid
employee payroll or benefits of which Borrower has not previously provided written notification to Collateral Agent and the Lenders. 

Attached are the required documents, if any, supporting our certification(s). The Officer, on behalf of Borrower, further certifies that the attached
financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except as explained in an accompanying letter or footnotes and except, in the case of
unaudited financial statements, for the absence of footnotes and subject to year-end audit adjustments as to the interim financial statements. 

 Please indicate compliance status since the last Compliance Certificate by circling Yes, No, or N/A under
“Complies” column. 
  

									
		  	Reporting Covenant	  	Requirement	  	Actual	  	        Complies
	1)	  	Financial statements	  	Monthly within 30 days	  		  	Yes     No     N/A
					
	2)	  	Annual (CPA Audited) statements	  	Within 180 days after FYE	  		  	Yes     No     N/A
					
	3)	  	 Annual Financial
 Projections/Budget (prepared
on a monthly basis)
	  	Annually (within 10 days of approval), and when revised (within 7 days of approval)	  		  	Yes     No     N/A
					
	4)	  	A/R & A/P agings	  	If applicable	  		  	Yes     No     N/A
					
	5)	  	8-K, 10-K and 10-Q Filings	  	If applicable, within 5 days of filing	  		  	Yes     No     N/A
					
	6)	  	Compliance Certificate	  	Monthly within 30 days	  		  	Yes     No     N/A
					
	7)	  	IP Report	  	When required	  		  	Yes     No     N/A
					
	8)	  	Total amount of Borrower’s cash and Cash Equivalents at the last day of the measurement period	  		  	$            	  	Yes     No     N/A
					
	9)	  	Total amount of Borrower’s Subsidiaries’ cash and Cash Equivalents at the last day of the measurement period	  		  	$            	  	Yes     No     N/A

 Deposit and Securities Accounts 

(Please list all accounts; attach separate sheet if additional space needed) 
  

							
	Institution Name	  	 Account

Number
	  	New Account?	  	 Account Control Agreement

in place?

	1)	  		  	Yes     No	  	Yes     No
	2)	  		  	Yes     No	  	Yes     No
	3)	  		  	Yes     No	  	Yes     No
	4)	  		  	Yes     No	  	Yes     No

 Financial Covenants 

7.13 – Minimum Liquidity: 
  

					
	1.	  	Unrestricted Cash and Cash Equivalents:	  	                                      
              
			
	2.	  	Principal payments due on interest bearing liabilities for the upcoming three (3) fiscal months (clause (i)):	  	                                      
              
			
		  	(i)	  	
			
	3.	  	The cash spent by Borrower per month as determined based on the average taken over the most recently completed three fiscal months (excluding principal payments made in respect of interest bearing liabilities made in such period)
(clause (ii)):	  	                                      
              
			
		  	(ii)	  	
			
	4.	  	3x Line 3 (clause (ii)):	  	                                      
              
			
		  	(iii)	  	
			
	5.	  	Line 2 plus Line 4	  	                                      
              
			
	6.	  	Is Line 1 greater than or equal to Line 5?	  	 Yes     No

 Other Matters 
  

					
	1)	  	Have there been any changes in Key Persons since the last Compliance Certificate?	  	 Yes     No

			
	2)	  	Have there been any transfers/sales/disposals/retirement of Collateral or IP prohibited by the Loan Agreement?	  	 Yes     No

			
	3)	  	Have there been any new or pending claims or causes of action against Borrower that involve more than Two Hundred Fifty Thousand Dollars ($250,000.00)?	  	 Yes     No

					
	4)	  	Have there been any amendments of or other changes to the capitalization table of Borrower and to the Operating Documents of Borrower or any of its Subsidiaries? If yes, provide copies of any such amendments or changes with this
Compliance Certificate.	  	 Yes     No

			
	5)	  	Has Borrower or any Subsidiary entered into or amended any Material Agreement or material license? If yes, please explain and provide a copy of such Material Agreement(s) or material license(s) and/or amendment(s).	  	 Yes     No

			
	6)	  	Has Borrower provided the Collateral Agent with all notices required to be delivered under Sections 6.2(a) and 6.2(b) of the Loan Agreement?	  	 Yes     No

			
	7)	  	Does Borrower have returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000.00) individually or in the aggregate in any calendar year?	  	 Yes     No

			
	8)	  	Has Borrower entered into any Replacement Agreement?	  	 Yes     No

			
	9)	  	If the answer to question 8 is “Yes,” is such Replacement Agreement an Acceptable Replacement Agreement?	  	 Yes     No

			
	10)	  	Have there been any amendments, modifications or waivers of any provision of the Borrower’s organizational documents?	  	 Yes     No

 [If yes, list] 

 Exceptions 

Please explain any exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions.” Attach separate sheet if
additional space needed.) 
  

			
	CARDIVA MEDICAL, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

  

			
	COLLATERAL AGENT USE ONLY
		
	Received by:                                   
         	  	Date:                                     
   
		
	Verified by:
                                         
   	  	Date:                                     
   
	
	Compliance Status:             ☐  Yes                
☐  No

 [Signature Page to Compliance Certificate] 

 EXHIBIT E 

CORPORATE BORROWING CERTIFICATE 
  

			
	BORROWER: Cardiva Medical, Inc.	  	DATE: September 28, 2018

 LENDER: SOLAR CAPITAL LTD., as Collateral Agent and Lender 

I hereby certify, in my capacity as set forth below and not in my individual capacity, as follows, as of the date set forth above: 

1. I am the Secretary, Assistant Secretary or other officer of Borrower. My title is as set forth below. 

2. Borrower’s exact legal name is set forth above. Borrower is a corporation existing under the laws of the State of Delaware. 

3. Attached hereto as Exhibit A and Exhibit B, respectively, are true, correct and complete copies of (i) Borrower’s Certificate of Incorporation
(including amendments), as filed with the Secretary of State of the state in which Borrower is incorporated as set forth in paragraph 2 above; and (ii) Borrower’s Bylaws (including amendments). Neither such Certificate of Incorporation nor
such Bylaws have been amended, annulled, rescinded, revoked or supplemented, and such Certificate of Incorporation and such Bylaws remain in full force and effect as of the date hereof. 

4. The resolutions attached hereto as Exhibit C were duly and validly adopted by Borrower’s board of directors at a duly held meeting of such directors
(or pursuant to a unanimous written consent or other authorized corporate action). Such resolutions are in full force and effect as of the date hereof and have not been in any way modified, repealed, rescinded, amended or revoked, and the Lenders
may rely on them until each Lender receives written notice of revocation from Borrower. 
 5. The persons listed in Exhibit D are Borrower’s officers or
employees with their titles and signatures shown next to their names. 
 [Balance of Page Intentionally Left Blank] 

Exhibit E – Corporate Borrowing Certificate 

 
			
	CARDIVA MEDICAL, INC.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

	***	 If the Secretary, Assistant Secretary or other certifying officer executing above is designated by the
resolutions set forth in paragraph 4 as one of the authorized signing officers, this Certificate must also be signed by a second authorized officer or director of Borrower: 

I, the _________________ of Borrower, hereby certify as to paragraphs 1 through 5 above, as of the date set forth above. 

 

			
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 [Signature Page to Corporate Borrowing Certificate] 

 EXHIBIT A 

Certificate of Incorporation (including amendments) 

[see attached] 

 EXHIBIT B 

Bylaws 
 [see
attached] 

 EXHIBIT C 

Resolutions 
 [see
attached] 

 EXHIBIT D 

Incumbency 

 Exhibit F 

Form of Secured Promissory Note 

THIS NOTE IS A CONTINGENT PAYMENT DEBT INSTRUMENT AND WAS ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR U.S. FEDERAL INCOME TAX PURPOSES. THE BORROWER WILL
PROMPTLY PROVIDE TO THE HOLDER OF THIS NOTE, UPON WRITTEN REQUEST, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT, ISSUE PRICE, ISSUE DATE, COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE WITH RESPECT TO THIS NOTE. ANY SUCH WRITTEN REQUEST SHOULD BE SENT TO
THE FOLLOWING ADDRESS: 2900 LAKESIDE DRIVE, SUITE 160, SANTA CLARA, CA 95054, ATTENTION: LISA GARRETT. 
 SECURED PROMISSORY NOTE

 (Term Loan) 
  

			
	$                                    	  	Dated: [DATE]

 FOR VALUE RECEIVED, the undersigned, Cardiva Medical, Inc., a Delaware corporation with offices located at
2900 Lakeside Drive, Suite 160, Santa Clara, CA 95054 (“Borrower”) HEREBY PROMISES TO PAY [LENDER] (“Lender”) the principal amount of [___________] DOLLARS ($____________) or such lesser amount as shall equal the
outstanding principal balance of the [Initial/Subsequent Tranche I/Subsequent Tranche II] Term Loan made to Borrower by Lender, plus interest on the aggregate unpaid principal amount of such Term Loan, at the rates and in accordance with the terms
of the Loan and Security Agreement dated September 28, 2018, by and among Borrower, Lender, Solar Capital Ltd., as Collateral Agent, and the other Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified
from time to time, the “Loan Agreement”). If not sooner paid, the entire principal amount and all accrued and unpaid interest hereunder shall be due and payable on the Maturity Date as set forth in the Loan Agreement. Any
capitalized term not otherwise defined herein shall have the meaning attributed to such term in the Loan Agreement. 
 Principal, interest and all other
amounts due with respect to the [Initial/Subsequent Tranche I/Subsequent Tranche II] Term Loan, are payable in lawful money of the United States of America to Lender as set forth in the Loan Agreement and this Secured Promissory Note (this
“Note”). The principal amount of this Note and the interest rate applicable thereto, and all payments made with respect thereto, shall be recorded by Lender and, prior to any transfer hereof, endorsed on the grid attached hereto
which is part of this Note. 
 The Loan Agreement, among other things, (a) provides for the making of a secured [Initial/Subsequent Tranche
I/Subsequent Tranche II] Term Loan by Lender to Borrower, and (b) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. 

This Note may not be prepaid except as set forth in Section 2.2 (c) and Section 2.2(d) of the Loan Agreement. 

 This Note and the obligation of Borrower to repay the unpaid principal amount of the [Initial/Subsequent
Tranche I/Subsequent Tranche II] Term Loan, interest on such Term Loan and all other amounts due Lender under the Loan Agreement is secured under the Loan Agreement. 

Presentment for payment, demand, notice of protest and all other demands and notices of any kind in connection with the execution, delivery, performance and
enforcement of this Note are hereby waived. 
 Borrower shall pay all fees and expenses, including, without limitation, attorneys’ fees and costs,
incurred by Lender in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due subject to the terms of the Loan Agreement. 

This Note shall be governed by, and construed and interpreted in accordance with, the internal laws of the State of New York. 

The ownership of an interest in this Note shall be registered on a record of ownership maintained by Lender or its agent. Notwithstanding anything else in
this Note to the contrary, the right to the principal of, and stated interest on, this Note may be transferred only if the transfer is registered on such record of ownership and the transferee is identified as the owner of an interest in the
obligation. Borrower shall be entitled to treat the registered holder of this Note (as recorded on such record of ownership) as the owner in fact thereof for all purposes and shall not be bound to recognize any equitable or other claim to or
interest in this Note on the part of any other person or entity. 
 [Balance of Page Intentionally Left Blank]

 IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed by one of its officers
thereunto duly authorized on the date hereof. 
  

			
	BORROWER:
	
	CARDIVA MEDICAL, INC.
		
	By:	 	
                     
    

	Name:	 	  

	Title:	 	  

 LOAN AND PAYMENTS OF PRINCIPAL 

 

									
	Date	  	 Interest Rate
	  	 Principal

Amount
	  	 Scheduled

Payment Amount
	  	 Notation By

 Exhibit G 

[Reserved] 

 EXHIBIT H-1 

U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Loan and Security Agreement (as the same may be amended, supplemented or otherwise modified from time to time,
the “Loan Agreement”), dated as of September 28, 2018, among Solar Capital Ltd., as collateral agent, and the lenders listed on Schedule 1.1 thereof or otherwise a party thereto from time to time (together with any other
lenders party hereto, the “Lenders” and each a “Lender”), and Cardiva Medical, Inc. (“Borrower”), and their successors and assigns. 

Pursuant to the provisions of Section 2.5(e) of the Loan Agreement, the undersigned hereby certifies that (i) it is the sole record
and beneficial owner of the Term Loan(s) (as well as any secured promissory notes (“Note(s)”) evidencing such Term Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of
Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended, (the “Code”), (iii) it is not a ten percent shareholder of Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a
controlled foreign corporation related to Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished
Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E,
as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform Borrower, and (2) the undersigned shall have at all times
furnished Borrower with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Loan Agreement and used herein shall have the meanings given to them in the Loan
Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

		
	Date:	 	                                      
                        , 20[     ]

 EXHIBIT H-2 

U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Loan and Security Agreement (as the same may be amended, supplemented or otherwise modified from time to time,
the “Loan Agreement”), dated as of September 28, 2018, among Solar Capital Ltd. (“Solar”), as collateral agent, and the lenders listed on Schedule 1.1 thereof or otherwise a party thereto from time to time
(together with any other lenders party hereto, the “Lenders” and each a “Lender”), and Cardiva Medical, Inc. (“Borrower”), and their successors and assigns. 

Pursuant to the provisions of Section 2.5(e) of the Loan Agreement, the undersigned hereby certifies that (i) it is the sole record
and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended, (the
“Code”), (iii) it is not a ten percent shareholder of Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to Borrower as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E, as applicable. By executing this
certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender
with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Loan Agreement and used herein shall have the meanings given to them in the Loan
Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:
		
	Date:	 	                                      
                    , 20[     ]

 EXHIBIT H-3 

U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Loan and Security Agreement (as the same may be amended, supplemented or otherwise modified from time to time,
the “Loan Agreement”), dated as of September 28, 2018, among Solar Capital Ltd. (“Solar”), as collateral agent, and the lenders listed on Schedule 1.1 thereof or otherwise a party thereto from time to time
(together with any other lenders party hereto, the “Lenders” and each a “Lender”), and Cardiva Medical, Inc. (“Borrower”), and their successors and assigns. 

Pursuant to the provisions of Section 2.5(e) of the Loan Agreement, the undersigned hereby certifies that (i) it is the sole record
owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal
Revenue Code of 1986, as amended, (the “Code”), (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its
direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the
following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or
W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form
W-8BEN or W- 8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have
at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Loan Agreement and used herein shall have the meanings given to them in the Loan
Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:

Date:                         
                                 , 20[     ] 

 EXHIBIT H-4 

U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Loan and Security Agreement (as the same may be amended, supplemented or otherwise modified from time to time,
the “Loan Agreement”), dated as of September 28, 2018, among Solar Capital Ltd. (“Solar”), as collateral agent, and the lenders listed on Schedule 1.1 thereof or otherwise a party thereto from time to time
(together with any other lenders party hereto, the “Lenders” and each a “Lender”), and Cardiva Medical, Inc. (“Borrower”), and their successors and assigns. 

Pursuant to the provisions of Section 2.5(e) of the Loan Agreement, the undersigned hereby certifies that (i) it is the sole record
owner of the Term Loan(s) (as well as any secured promissory notes (“Note(s)”) evidencing such Term Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole
beneficial owners of such Term Loan(s) (as well as any Note(s) evidencing such Term Loan(s)), (iii) with respect to the extension of credit pursuant to this Loan Agreement or any other Loan Document, neither the undersigned nor any of its direct or
indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended, (the
“Code”), (iv) none of its direct or indirect partners/members is a ten percent shareholder of Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a
controlled foreign corporation related to Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished
Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form
W-8BEN, or W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS
Form W-8BEN or W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform Borrower, and (2) the undersigned shall have at
all times furnished Borrower with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Loan Agreement and used herein shall have the meanings given to them in the Loan
Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:

Date:                         
                                 , 20[     ] 

 Execution Version 

OMNIBUS AMENDMENT 
 THIS
OMNIBUS AMENDMENT (this “Agreement”), dated as of December 20, 2019 (the “First Amendment Effective Date”), is made among CARDIVA MEDICAL, INC., a Delaware corporation (the
“Borrower”), SOLAR CAPITAL LTD., a Maryland corporation, in its capacity as collateral agent (in such capacity, “Agent”) and the financial institutions listed on Exhibit A attached hereto or who hereafter
become a party to the Loan Agreement (as defined below) as lenders (each a “Lender” and collectively, the “Lenders”). 

The Borrower, the Lenders and the Agent are parties to a Loan and Security Agreement dated as of September 28, 2018 (the “Loan
Agreement”), and that certain Exit Fee Agreement, dated as of September 28, 2018 (the “Exit Fee Agreement”). The Borrower has requested that the Lenders agree to make certain amendments to the Loan Agreement and the
Exit Fee Agreement. Although the Lenders are under no obligation to do so, they have agreed to such requests, subject to the terms and conditions hereof. 

Accordingly, the parties hereto agree as follows: 

SECTION 1. Definitions; Interpretation. 

(a) Terms Defined in Loan Agreement. All capitalized terms used in this Agreement (including in the recitals hereof) and not otherwise
defined herein shall have the meanings assigned to them in the Loan Agreement. 
 (b) Interpretation. The rules of interpretation set
forth in Section 1.1 of the Loan Agreement shall be applicable to this Agreement and are incorporated herein by this reference. 
 SECTION 2.
Amendments. 
 (a) Amendments to Loan Agreement. The Loan Agreement shall be amended as follows effective as of the First Amendment
Effective Date: 
 (i) The following provisions of the Loan Agreement are amended and restated in their entirety or added as follows
(additional language is bold and underlined, and deleted language is struck through): 
  

			
	 Provision
	  	 Amended and Restated Language

	 Section 1.3;
  

Definition of “Term Loan”
	  	“Term Loan” Section 2.2(a)(viiii)
		
	Section 1.3;	  	“Amortization Date” means for each Term Loan:

			
	 Provision
	  	 Amended and Restated Language

	 Definition of “Amortization Date” only
	  	 (a) January 1, 2023October 1, 2021, if at least three
(3)seven (7) Business Days prior to May 15April 1, 2021 (wx) Collateral Agent has received a written request from Borrower to
extend the Amortization Date, (xy) Collateral Agent has received evidence reasonably satisfactory to it that on or prior to May 15, 2021June 30, 2019,
Borrower has satisfied the Subsequent Tranche VI Conditions; (y) Collateral Agent has received evidence reasonably satisfactory to it that on or prior to
June 30, 2020, Borrower has satisfied the Subsequent Tranche II Conditions; and (z) on such date, no Event of Default or Default has occurred and is continuing; and

 
 (b) if the conditions described in clause (a) above are not satisfied,
July 1, 2022April 1, 2021.

		
	 Section 1.3;
  

Definition of “Final Fee” only
	  	“Final Fee” is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest or any other fee payable hereunder) (a) due on the earliest to occur of
(i) the Maturity Date, (ii) the acceleration of the Term Loans, and (iii) the prepayment of the Term Loans pursuant to Section 2.2(c) or (d), and (b) equal to five and one-half percent
(5.50%) of the principal amount of the Term Loans funded. The Final Fee shall be fully earned on the date so paid, non-refundable for any reason when earned and payable to the Lenders as determined for
each advance of the Term Loan in accordance with the percentages set forth on Schedule 1.1ninety percent (90%) to Solar and ten percent (10%) to Western Alliance Bank.
		
	 Section 1.3;
  

Definition of “LIBOR Rate” only
	  	“LIBOR Rate” means the greater of (i) 0.631.76% per annum, or (ii) the rate per annum rate published by the Intercontinental Exchange Benchmark Administration Ltd. (the
“Service”) (or on any successor or substitute page of such Service, or any successor to or substitute for such Service) for a term of one (1) month, which determination by the Collateral Agent shall be conclusive in the absence
of manifest error.
		
	 Section 1.3;
  

Definition of “Maturity Date” only
	  	“Maturity Date” is, for each Term Loan, December 1, 2023September 1, 2022.

			
	 Provision
	  	 Amended and Restated Language

	 Section 1.3;
	  	 “Prepayment Premium” is, in the event that the Term Loans are subject to prepayment prior to the Maturity Date, whether by
mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in an amount equal to:

		
	 Definition of “Prepayment Premium” only
	  	 (i) for a prepayment made on or after the First Amendment Effective Date through and including the first
anniversary of the First Amendment Effective Date, threetwo percent (3.002.00%) of the principal amount of the Term Loans funded;

 
 (ii) for a prepayment made after the first anniversary of the
First Amendment Effective Date through and including the second anniversary of the First Amendment Effective Date, two one percent (2.001.00%) of the principal
amount of the Term Loans funded;
  
 (iii) for a prepayment made
after the second anniversary of the First Amendment Effective Date through and including the third anniversary of the First Amendment Effective Date, three-quarters one percent
(1.000.75%) of the principal amount of the Term Loans funded; and
  

(iv) for a prepayment made after the third anniversary of the Amendment Effective Date, one-half three-eighths percent (0.500.375%) of the principal amount of the Term Loans funded;

 
 provided that the amount of the Prepayment Premium shall be zero percent (0.00%) for any
outstanding balance that is paid with a refinancing in which all of the then existing Lenders (or an Affiliate of each such Lender) participate.

		
	 Section 1.3;
  

Definition of “Subsequent Tranche II Draw Period” only
	  	“Subsequent Tranche II Draw Period” is the period commencing on the July 1, 2019, and ending on (and including) December 20, 2019June 30,
2020.
		
	 Section 2.2(a)(iii)
	  	 (iii) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Subsequent Tranche II
Draw Period, to make term loans to Borrower in an aggregate principal amount of up to Seven Million, Five Hundred Thousand Dollars ($7,500,000.00), in increments of at least Two Million, Five Hundred Thousand Dollars
($2,500,000.00), according to each Lender’s Subsequent Tranche II Term Loan Commitment as set forth on Schedule 1.1 hereto (such term loans

			
	 Provision
	  	 Amended and Restated Language

		  	are hereinafter referred to singly as a “Subsequent Tranche II Term Loan” and, collectively as the “Subsequent Tranche II Term Loans”; each Initial Term Loan, Subsequent Tranche I Term Loan
or Subsequent Tranche II Term Loan is hereinafter referred to singly as a “Term Loan” and the Initial Term Loan, Subsequent Tranche I Term Loans and Subsequent Tranche II Term Loans are hereinafter referred to collectively as the
“Term Loans”). After repayment, no Subsequent Tranche II Term Loan may be re-borrowed.
		
	Section 2.2(a)(iv)	  	(iv) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Subsequent Tranche III Draw Period, to make term loans to Borrower in an aggregate principal amount of up to
Five Million Dollars ($5,000,000.00), according to each Lender’s Subsequent Tranche III Term Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Subsequent Tranche III Term
Loan” and, collectively as the “Subsequent Tranche III Term Loans”). After repayment, no Subsequent Tranche III Term Loan may be re-borrowed.
		
	Section 2.2(a)(v)	  	(v) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Subsequent Tranche IV Draw Period, to make term loans to Borrower in an aggregate principal amount of up to
Five Million Dollars ($5,000,000.00), according to each Lender’s Subsequent Tranche IV Term Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Subsequent Tranche IV Term Loan”
and, collectively as the “Subsequent Tranche IV Term Loans”). After repayment, no Subsequent Tranche IV Term Loan may be re-borrowed.
		
	Section 2.2(a)(vi)	  	(vi) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Subsequent Tranche V Draw Period, to make term loans to Borrower in an aggregate principal amount of up to
Five Million Dollars ($5,000,000.00), according to each Lender’s Subsequent Tranche V Term Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a “Subsequent Tranche V Term Loan”
and, collectively as the “Subsequent Tranche V Term Loans”; each Initial Term Loan, Subsequent Tranche I Term Loan, Subsequent Tranche II Term Loan, Subsequent Tranche III Term Loan, Subsequent Tranche IV Term Loan or Subsequent Tranche V
Term Loan is hereinafter referred to singly as a “Term Loan” and the Initial Term Loan, Subsequent Tranche I Term Loans, Subsequent Tranche II Term Loans, Subsequent Tranche III

			
	 Provision
	  	 Amended and Restated Language

		  	 Term Loans, Subsequent Tranche IV Term Loans and Subsequent Tranche V Term Loans are hereinafter referred to collectively as the
“Term Loans”). After repayment, no Subsequent Tranche V Term Loan may be re-borrowed.

		
	Section 2.2(c)	  	(c) Mandatory Prepayments. If Term Loans are accelerated following the occurrence of an Event of Default (other than any Event of Default triggered by a breach of Section 7.2(c)(ii)), Borrower shall immediately pay to Lenders,
payable to each Lender in accordance with its respective Pro Rata Share (except in the case of the Final Fee and the Amendment Fee), an amount equal to the sum of: (i) all outstanding principal of the Term Loans plus accrued and
unpaid interest thereon through the prepayment date, (ii) the applicable Final Fee paid in accordance with the definition thereof, (iii) the Prepayment Premium, (iv) the Amendment Fee, plus (iv) all other
Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate, if applicable, with respect to any past due amounts. Notwithstanding (but without duplication with) the foregoing, on the Maturity Date, if the
Final Fee or the Amendment Fee had not previously been paid in full in connection with the prepayment of the Term Loans in full, Borrower shall pay to the respective Lender to which such payments are owed, the Final Fee and the
Amendment Fee, as applicable, in respect of the Term Loans. If a Change of Control occurs, Borrower shall immediately pay to Lenders, payable to each Lender in accordance with its respective Pro Rata Share (except in the case of the Final
Fee and the Amendment Fee), an amount equal to the sum of: (A) all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, (B) the applicable Final Fee paid in accordance
with the definition thereof, (C) the Prepayment Premium, (D) the applicable Amendment Fee paid in accordance with the definition thereof, plus (DE) all other Obligations that are due and
payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts. Notwithstanding (but without duplication with) the foregoing, on the Maturity Date, if the Final Fee or the Amendment Fee
had not previously been paid in full in connection with the prepayment of the Term Loans in full, Borrower shall pay to the respective Lender to which such payments are owed, the
Final Fee and the Amendment Fee, as applicable, in respect of the Term Loans. 

			
	 Provision
	  	 Amended and Restated Language

	Section 2.2(d)	  	(d) Permitted Prepayment of Term Loans. Borrower shall have the option to prepay all, but not less than all, of the outstanding principal balance of the Term Loans advanced by the Lenders under this Agreement, provided
Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loans at least five (5) Business Days prior to such prepayment, and (ii) pays to the Lenders on the date of such prepayment, payable to the
respective Lender to which such payments are owed in accordance with their respective Pro Rata Shares (except in the case of the Final Fee and the Amendment Fee), an amount equal to the sum of (A) the outstanding principal of the
Term Loans plus accrued and unpaid interest thereon through the prepayment date, (B) the Final Fee paid in accordance with the definition thereof, (C) the Prepayment Premium, (D) the Amendment Fee paid in accordance with the
definition thereof, plus (DE) all other Obligations that are due and payable on such prepayment date, including any Lenders’ Expenses (to the extent invoiced at least one (1) Business Day prior to such
prepayment) and interest at the Default Rate (if any) with respect to any past due amounts. All outstanding Term Loan Commitments shall terminate in connection with a prepayment of the Term Loans.
		
	Section 2.4	  	 Borrower shall pay to Collateral Agent:
  

(a) Final Fee. The Final Fee, when due hereunder, to be paid in accordance with the definition thereof;

 
 (b) Prepayment Premium. The Prepayment Premium, when due hereunder (including
without limitation upon any prepayment in connection with an acceleration upon an Event of Default), to be shared between the Lenders in accordance with their respective Pro Rata Shares; and (c) Lenders’ Expenses.
All Lenders’ Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this Agreement) incurred through and after the Effective Date, when due; and.

 
 (d) Amendment Fee. The Amendment Fee, when due hereunder, to be paid in accordance
with the definition thereof.

			
	 Provision
	  	 Amended and Restated Language

	 Section 3.2(f)
	  	 (f) with respect to each Subsequent Tranche I Term Loan, Collateral Agent shall have received evidence reasonably satisfactory to it that
(i) Borrower was in compliance with Section 7.13 hereof as of the most recent measurement period prior to the Funding Date of such Subsequent Tranche I Term Loan, and (ii) on or prior to March 31, 2019, Borrower has received PMA
Approval for its VASCADE MVP Mid-Bore Closure Device (such conditions, the “Subsequent Tranche I Conditions”); and

		
	Section 3.2(g)	  	(g) with respect to each Subsequent Tranche II Term Loan, Collateral Agent shall have received evidence reasonably satisfactory to it that (i) Borrower was in compliance with Section 7.13 hereof as of the most recent
measurement period prior to the Funding Date of such Subsequent Tranche II Term Loan, (ii) on or prior to March 31, 2019, Borrower has received PMA Approval for its VASCADE MVP Mid-Bore Closure
Device, and (iii) Borrower has achieved at least Fifteen Million Dollars ($15,000,000) of net product revenue for the trailing six month period ending on the last day of the month prior to the Funding Date of such Subsequent Tranche II Term
Loan (such conditions, the “Subsequent Tranche II Conditions”);.
		
	Section 3.2(h)	  	(h) with respect to each Subsequent Tranche III Term Loan, Collateral Agent shall have received evidence reasonably satisfactory to it on or before November 15, 2020, that (i) Borrower was in compliance with
Section 7.13 hereof as of the most recent measurement period prior to the Funding Date of such Subsequent Tranche III Term Loan, (ii) the funding of the Subsequent Tranche II Term Loan has occurred in its entirety on or before
December 20, 2019, and (iii) Borrower has achieved at least Eighteen Million, Seven Hundred and Fifty Thousand Dollars ($18,750,000) of net product revenue for the trailing six month period ending no later than October 31, 2020 (such
conditions, the “Subsequent Tranche III Conditions”);
		
	 Section 3.2(i)
	  	 (i) with respect to each Subsequent Tranche IV Term Loan, Collateral Agent shall have received evidence reasonably satisfactory to it
on or before February 15, 2021, that (i) Borrower was in compliance with Section 7.13 hereof as of the most recent measurement period prior to the Funding Date of such Subsequent Tranche IV Term Loan, (ii) the funding of the
Subsequent Tranche II Term Loan has occurred in its entirety on or before December 20, 2019, and (iii) Borrower has achieved at least Twenty Million Dollars ($20,000,000) of net product revenue for the trailing six month period ending no
later than January 31, 2021 (such conditions, the “Subsequent Tranche IV Conditions”); and

			
	 Provision
	  	 Amended and Restated Language

	Section 3.2(j)	  	(j) with respect to each Subsequent Tranche V Term Loan, Collateral Agent shall have received evidence reasonably satisfactory to it on or before May 15, 2021, that (i) Borrower was in compliance with
Section 7.13 hereof as of the most recent measurement period prior to the Funding Date of such Subsequent Tranche V Term Loan, (ii) the funding of the Subsequent Tranche II Term Loan has occurred in its entirety on or before
December 20, 2019, and (iii) Borrower has achieved at least Twenty One Million, Two Hundred and Fifty Thousand Dollars ($21,250,000) of net product revenue for the trailing six month period ending no later than April 30, 2021 (such
conditions, the “Subsequent Tranche V Conditions”).
		
	Section 7.13	  	Borrower shall not allow, at any time, its unrestricted cash and Cash Equivalents to be an amount less than the greater of (A) the sum of (i) the principal payments due on interest bearing liabilities for the
upcoming three (3) fiscal months (using Borrower’s reasonable judgment as to when the Amortization Date will occur) and (ii) three times (3x) the cash spent by Borrower per month as determined based on the average taken over the most
recently completed three (3) fiscal months (excluding principal payments made in respect of interest bearing liabilities made in such period and one-time expenses incurred by Borrower in connection
with an IPO in an aggregate amount of up to Three Million Dollars ($3,000,000.00)) and (B) Three Million Dollars ($3,000,000.00).

 (ii) The following definitions are hereby inserted into Section 1.3 of the Loan Agreement: 

“Subsequent Tranche III Conditions”         Section 3.2(h) 

“Subsequent Tranche III Term Loan”         Section 2.2(a)(iv) 

“Subsequent Tranche IV Conditions”         Section 3.2(i) 

“Subsequent Tranche IV Term Loan”         Section 2.2(a)(v) 

“Subsequent Tranche V Conditions”         Section 3.2(j) 

“Subsequent Tranche V Term Loan”         Section 2.2(a)(vi) 

 “Amendment Fee” is a payment (in addition to and not a substitution for the
regular monthly payments of principal plus accrued interest or any other fee payable hereunder) (a) due on the earliest to occur of (i) the Maturity Date, (ii) the acceleration of the Term Loans, and (iii) the prepayment of the
Term Loans pursuant to Section 2.2(c) or (d), and (b) equal to Five Hundred and Ninety Five Thousand Dollars ($595,000.00). The Amendment Fee shall be fully earned on the date so paid, non-refundable
for any reason when earned and payable ninety percent (90%) to Solar and ten percent (10%) to Western Alliance Bank. 
 “First
Amendment Effective Date” means December 20, 2019. 
 “Subsequent Tranche III Draw Period” is the period
commencing on the First Amendment Effective Date and ending on (and including) November 15, 2020. 
 “Subsequent Tranche III
Term Loan Commitment” is for any Lender, the obligation of such Lender to make a Subsequent Tranche III Term Loan, up to the principal amount shown on Schedule 1.1. 

“Subsequent Tranche IV Draw Period” is the period commencing on the First Amendment Effective Date and ending on (and
including) February 15, 2021. 
 “Subsequent Tranche IV Term Loan Commitment” is for any Lender, the obligation of
such Lender to make a Subsequent Tranche IV Term Loan, up to the principal amount shown on Schedule 1.1. 
 “Subsequent
Tranche V Draw Period” is the period commencing on the First Amendment Effective Date and ending on (and including) May 15, 2021. 

“Subsequent Tranche V Term Loan Commitment” is for any Lender, the obligation of such Lender to make a Subsequent Tranche V
Term Loan, up to the principal amount shown on Schedule 1.1. 
 (iii) Schedule 1.1. Schedule 1.1 is hereby replaced in its entirety
by Exhibit A attached hereto. 
 (iv) Exhibit F. Exhibit F is hereby replaced in its entirety by Exhibit B attached hereto. 

 (b) Amendment to Exit Fee Agreement. The Exit Fee Agreement shall be amended as
follows effective as of the First Amendment Effective Date: 
 (i) The following provisions of the Exit Fee Agreement are amended and
restated in their entirety as follows (additional language is bold and underlined, and deleted language is struck through): 
  

			
	 Provision
	  	 Amended and Restated Language

	3. Exit Fee	  	Borrower agrees to pay to each Lender in accordance with its Pro Rata Share, in each case, in immediately available funds, (a) a fee (the “Initial Exit Fee”) upon the
occurrence of an Exit Event in the amount equal to Seven Hundred Thousand Dollars ($700,000) and (b) a fee (the “Incremental Exit Fee” and together with the Initial Exit Fee, collectively, the “Exit Fee”) upon
the occurrence of an Exit Event in an amount equal to Four Hundred and Fifty Thousand Dollars ($450,000.00); provided, that notwithstanding the foregoing, the Exit Fee shall be considered fully earned on the date hereof, subject to the terms
of this Exit Fee Agreement.
		
	5. Termination; Assignment	  	This Exit Fee Agreement shall be binding on Borrower and its respective successors and assigns and shall terminate upon the earlier to occur of (a) payment in full of the Exit Fee pursuant to the terms herein, or
(b) (i) with respect to the Initial Exit Fee, the tenth anniversary of the Effective Date, and (ii) with respect to the Incremental Exit Fee, the tenth anniversary of the First Amendment Effective Date
(collectively, the “Termination Date”). For the avoidance of doubt, the Exit Fee survives the termination of the Loan Agreement or any other Loan Document. Borrower may not assign this Exit Fee Agreement. Each Lender
may assign this Exit Fee Agreement solely in connection with, and subject to the terms of, an assignment or transfer made pursuant to the terms of Section 12.1 of the Loan Agreement.

 SECTION 3. Conditions of Effectiveness. The effectiveness of Section 2 of this Agreement
shall be subject to the satisfaction of each of the following conditions precedent: 
 (a) Fees and Expenses. The Borrower shall have
paid all fees, costs and expenses, if any, due and payable as of the First Amendment Effective Date under the Loan Agreement. 
 (b)
Documents. The Agent shall have received, in form and substance satisfactory to it, a counterpart of this Agreement executed by the Borrower. 

(c) Lien Searches. The Agent shall have received certified copies, dated as of a date no earlier than thirty (30) days prior to the
First Amendment Effective Date, of financing statement searches demonstrating that there are no Liens on the Collateral other than Permitted Liens. 

(d) Secretary Certificate. The Agent shall have received, a certificate of Borrower in substantially the form of Exhibit E to the Loan
Agreement executed by the Secretary or Assistant Secretary of Borrower or a Responsible Officer with appropriate insertions and attachments, including with respect to (i) the Operating Documents of Borrower and (ii) the resolutions adopted
by Borrower’s a board of directors (or other governing authority) for the purpose of approving the transactions contemplated by the Loan Documents. 

 (e) Good Standing Certificate. The Agent shall have received a good standing
certificate of Borrower certified by the Secretary of State (or equivalent agency) of Borrower’s jurisdiction of organization or formation and each jurisdiction in which Borrower is qualified to conduct business (except where the failure to be
so qualified could not reasonably be expected to result in a Material Adverse Change), each as of a date no earlier than thirty (30) days prior to the First Amendment Effective Date. 

(f) Satisfaction of Conditions Precedent to Loans. The Borrower shall have satisfied all conditions precedent set forth in
Section 3.2 of the Loan Agreement in respect of the Subsequent Tranche II Term Loan. 
 (g) Representations and Warranties; No
Default. On and as of the First Amendment Effective Date, after giving effect to this Agreement, (A) the representations and warranties contained in Section 5 of the Loan Agreement are true and correct in all material respects (or in
the case of any representation and warranty subject to a materiality qualifier, true and correct) as though made on and as of the First Amendment Effective Date (except to the extent such representations and warranties relate solely to an earlier
date, in which case they are true and correct in all material respects (or in the case of any representation and warranty subject to a materiality qualifier, true and correct) as of such date), and (B) no Default or Event of Default shall have
occurred and be continuing. 
 (h) Subsequent Tranche II Term Loan. The Borrower shall have drawn down the full amount of the
Subsequent Tranche II Term Loan in accordance with the terms of the Loan Agreement. 
 (i) Additional Documents. The Agent shall have
received, in form and substance satisfactory to it, such additional approvals, opinions, documents and other information as the Agent may reasonably request. 

SECTION 4. Representations and Warranties. To induce the Agent and the Lender to enter into this Agreement, the Borrower hereby confirms, as of the
date hereof, (a) that the representations and warranties made by it in Section 5 of the Loan Agreement and in the other Loan Documents are true and correct in all material respects (or in the case of any representation and warranty subject
to a materiality qualifier, true and correct), other than any representations and warranties which relate solely to an earlier date, in which case they are true and correct in all material respects (or in the case of any representation and warranty
subject to a materiality qualifier, true and correct) as of such date and (b) that there has not been and there does not exist a Material Adverse Change. 

SECTION 5. Miscellaneous. 
 (a) Loan
Agreement Otherwise Not Affected; No Waiver. Except as expressly contemplated hereby, the Loan Agreement shall remain unchanged and in full force and effect and is hereby ratified and confirmed in all respects. The Agent’s execution and
delivery of, or acceptance of, this Agreement shall not be deemed to create a course of dealing or otherwise create any express or implied duty by it to provide any other or further amendments, consents or waivers in the future. Nothing contained
herein shall be deemed a waiver or consent in respect of (or otherwise affect the Agent’s ability to enforce) any Default or Event of Default. 

 (b) No Reliance. The Borrower hereby acknowledges and confirms to the Agent that the
Borrower is executing this Agreement on the basis of its own investigation and for its own reasons without reliance upon any agreement, representation, understanding or communication by or on behalf of any other Person. 

(c) Costs and Expenses. The Borrower agrees to pay to the Agent within ten (10) days of its receipt of an invoice (or on the First
Amendment Effective Date to the extent invoiced on or prior to the First Amendment Effective Date), the reasonable and documented out-of- pocket costs and expenses of
the Agent and the fees and disbursements of counsel to the Agent (including allocated costs of internal counsel), in connection with the negotiation, preparation, execution and delivery of this Agreement and any other documents to be delivered in
connection herewith on the First Amendment Effective Date or after such date. 
 (d) Binding Effect. This Agreement shall be binding
upon, inure to the benefit of and be enforceable by the Borrower and the Agent and their respective successors and assigns. 
 (e)
Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL IN ALL RESPECTS BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO THE CONFLICT OF LAWS
PRINCIPLES OF SUCH STATE), INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, REGARDLESS OF THE LOCATION OF THE COLLATERAL, PROVIDED, HOWEVER, THAT IF THE LAWS OF ANY JURISDICTION OTHER THAN NEW YORK SHALL GOVERN IN REGARD TO THE
VALIDITY, PERFECTION OR EFFECT OF PERFECTION OF ANY LIEN OR IN REGARD TO PROCEDURAL MATTERS AFFECTING ENFORCEMENT OF ANY LIENS IN COLLATERAL, SUCH LAWS OF SUCH OTHER JURISDICTIONS SHALL CONTINUE TO APPLY TO THAT EXTENT. 

(f) Complete Agreement; Amendments. This Agreement, together with the other Loan Documents, contains the entire and exclusive agreement
of the parties hereto and thereto with reference to the matters discussed herein and therein. This Agreement supersedes all prior commitments, drafts, communications, discussions and understandings, oral or written, with respect thereto. This
Agreement may not be modified, amended or otherwise altered except in accordance with the terms of Section 12.5 of the Loan Agreement. 

(g) Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid
under all applicable laws and regulations. If, however, any provision of this Agreement shall be prohibited by or invalid under any such law or regulation in any jurisdiction, it shall, as to such jurisdiction, be deemed modified to conform to the
minimum requirements of such law or regulation, or, if for any reason it is not deemed so modified, it shall be ineffective and invalid only to the extent of such prohibition or invalidity without affecting the remaining provisions of this
Agreement, or the validity or effectiveness of such provision in any other jurisdiction. 

 (h) Counterparts. This Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature
page of this Agreement by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement. 

(i) Interpretation. This Agreement is the result of negotiations between and has been reviewed by counsel to the Agent and the Borrower
and is the product of all parties hereto. Accordingly, this Agreement shall not be construed against the Agent merely because of the Agent’s involvement in the preparation thereof. 

(j) Loan Documents. This Agreement and any documents related hereto shall constitute Loan Documents. 

[Remainder of page intentionally left blank] 

 IN WITNESS WHEREO F, the parties hereto have duly executed this Agreement, as of the date
first above written. 
  

			
	BORROWER:
	
	CARDIVA MEDICAL, INC., a Delaware corporation

 
			
		
	By:	 	 /s/ Lisa Garrett

			
	Name:	 	Lisa Garrett
	Title:	 	CFO

 
			
	AGENT AND LENDER:
	
	SOLAR CAPITAL LTD., a Maryland corporation

 
			
		
	By:	 	 /s/ Anthony Storino

			
	 Name:
	 	Anthony Storino
	Title:	 	Authorized Signatory

 [Signature Page to Omnibus Amendment] 

 
			
	LENDER:
	
	WESTERN ALLIANCE BANK, an Arizona corporation

 
			
		
	By:	 	 /s/ Bill Wickline

			
	Name:	 	Bill Wickline
	Title:	 	Senior Director, Commercial Banking

 [Signature Page to Omnibus Amendment] 

 EXHIBIT A 

SCHEDULE 1.1 

Lenders and Commitments ($s) 
  

																													
	 Lender
	  	Term Loan
Commitment	 	  	Initial Term
Loan
Commitment	 	  	Subsequent
Tranche I
Term Loan
Commitment	 	  	Subsequent
Tranche II
Term Loan
Commitment	 	  	Subsequent
Tranche III
Term Loan
Commitment	 	  	Subsequent
Tranche IV
Term Loan
Commitment	 	  	Subsequent
Tranche V
Term Loan
Commitment	 
	 Solar Capital Ltd.
	  	$	35,000,000	 	  	$	12,000,000	 	  	$	4,5000,000	 	  	$	7,5000,000	 	  	$	3,666,667	 	  	$	3,666,667	 	  	$	3,666,666	 
	 Western Alliance Bank
	  	$	15,000,000	 	  	$	8,000,000	 	  	$	3,000,000	 	  	$	0	 	  	$	1,333,333	 	  	$	1,333,333	 	  	$	1,333,334	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	50,000,000	 	  	$	20,000,000	 	  	$	7,500,000	 	  	$	7,500,000	 	  	$	5,000,000	 	  	$	5,000,000	 	  	$	5,000,000	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 Lenders and Commitments (%s) 

 

																													
	 Lender
	  	Term Loan
Commitment	 	 	Initial Term
Loan
Commitment	 	 	Subsequent
Tranche I
Term Loan
Commitment	 	 	Subsequent
Tranche II
Term Loan
Commitment	 	 	Subsequent
Tranche III
Term Loan
Commitment	 	 	Subsequent
Tranche IV
Term Loan
Commitment	 	 	Subsequent
Tranche V
Term Loan
Commitment	 
	 Solar Capital Ltd.
	  	 	70.00	% 	 	 	60.00	% 	 	 	60.00	% 	 	 	100.00	% 	 	 	73.33	% 	 	 	73.33	% 	 	 	73.33	% 
	 Western Alliance Bank
	  	 	30.00	% 	 	 	40.00	% 	 	 	40.00	% 	 	 	0.00	% 	 	 	26.67	% 	 	 	26.67	% 	 	 	26.67	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 Lenders and Final Fee Allocation ($s) 

 

																													
	 Lender
	  	On Initial
Term Loan
Funded	 	  	On
Subsequent
Tranche I
Term Loan
Funded	 	  	On
Subsequent
Tranche II
Term Loan
Funded	 	  	On
Subsequent
Tranche III
Term Loan
Funded	 	  	On
Subsequent
Tranche IV
Term Loan
Funded	 	  	On
Subsequent
Tranche V
Term Loan
Funded	 	  	Total Upon
Funding All
Tranches	 
	 Solar Capital Ltd.
	  	$	990,000	 	  	$	371,250	 	  	$	412,500	 	  	$	256,667	 	  	$	256,667	 	  	$	256,666	 	  	$	2,543,750	 
	 Western Alliance Bank
	  	$	110,000	 	  	$	41,250	 	  	$	0	 	  	$	18,333	 	  	$	18,333	 	  	$	18,334	 	  	$	206,250	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	1,100,000	 	  	$	412,500	 	  	$	412,500	 	  	$	275,000	 	  	$	275,000	 	  	$	275,000	 	  	$	2,750,000	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 Lenders and Final Fee Allocation (%s) 

 

																													
	 Lender
	  	On Initial
Term Loan
Funded	 	 	On
Subsequent
Tranche I
Term Loan
Funded	 	 	On
Subsequent
Tranche II
Term Loan
Funded	 	 	On
Subsequent
Tranche III
Term Loan
Funded	 	 	On
Subsequent
Tranche IV
Term Loan
Funded	 	 	On
Subsequent
Tranche V
Term Loan
Funded	 	 	Total Upon
Funding All
Tranches	 
	 Solar Capital Ltd.
	  	 	90.00	% 	 	 	90.00	% 	 	 	100.00	% 	 	 	93.33	% 	 	 	93.33	% 	 	 	93.33	% 	 	 	92.50	% 
	 Western Alliance Bank
	  	 	10.00	% 	 	 	10.00	% 	 	 	0.00	% 	 	 	6.67	% 	 	 	6.67	% 	 	 	6.67	% 	 	 	7.50	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 	 	 	100.00	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 EXHIBIT B 

Exhibit F 
 Form of Secured
Promissory Note 
 THIS NOTE IS A CONTINGENT PAYMENT DEBT INSTRUMENT AND WAS ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR U.S. FEDERAL INCOME TAX PURPOSES.
THE BORROWER WILL PROMPTLY PROVIDE TO THE HOLDER OF THIS NOTE, UPON WRITTEN REQUEST, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT, ISSUE PRICE, ISSUE DATE, COMPARABLE YIELD AND PROJECTED PAYMENT SCHEDULE WITH RESPECT TO THIS NOTE. ANY SUCH WRITTEN REQUEST
SHOULD BE SENT TO THE FOLLOWING ADDRESS: 2900 LAKESIDE DRIVE, SUITE 160, SANTA CLARA, CA 95054, ATTENTION: LISA GARRETT. 
 SECURED
PROMISSORY NOTE 
 (Term Loan) 
  

			
	$	  	Dated: [DATE]

 FOR VALUE RECEIVED, the undersigned, Cardiva Medical, Inc., a Delaware corporation with offices located at
2900 Lakeside Drive, Suite 160, Santa Clara, CA 95054 (“Borrower”) HEREBY PROMISES TO PAY [LENDER] (“Lender”) the principal amount of [            ]
DOLLARS ($                ) or such lesser amount as shall equal the outstanding principal balance of the [Initial/Subsequent Tranche I/Subsequent Tranche II/Subsequent
Tranche III/Subsequent Tranche IV/Subsequent Tranche V] Term Loan made to Borrower by Lender, plus interest on the aggregate unpaid principal amount of such Term Loan, at the rates and in accordance with the terms of the Loan and Security Agreement
dated September 28, 2018, by and among Borrower, Lender, Solar Capital Ltd., as Collateral Agent, and the other Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified from time to time, the
“Loan Agreement”). If not sooner paid, the entire principal amount and all accrued and unpaid interest hereunder shall be due and payable on the Maturity Date as set forth in the Loan Agreement. Any capitalized term not otherwise
defined herein shall have the meaning attributed to such term in the Loan Agreement. 
 Principal, interest and all other amounts due with respect to the
[Initial/Subsequent Tranche I/Subsequent Tranche II/Subsequent Tranche III/Subsequent Tranche IV/Subsequent Tranche V] Term Loan, are payable in lawful money of the United States of America to Lender as set forth in the Loan Agreement and this
Secured Promissory Note (this “Note”). The principal amount of this Note and the interest rate applicable thereto, and all payments made with respect thereto, shall be recorded by Lender and, prior to any transfer hereof, endorsed
on the grid attached hereto which is part of this Note. 
 The Loan Agreement, among other things, (a) provides for the making of a secured
[Initial/Subsequent Tranche I/Subsequent Tranche II/Subsequent Tranche III/Subsequent Tranche IV/Subsequent Tranche V] Term Loan by Lender to Borrower, and (b) contains provisions for acceleration of the maturity hereof upon the happening of
certain stated events. 

 This Note may not be prepaid except as set forth in Section 2.2 (c) and Section 2.2(d) of the Loan
Agreement. 
 This Note and the obligation of Borrower to repay the unpaid principal amount of the [Initial/Subsequent Tranche I/Subsequent Tranche
II/Subsequent Tranche III/Subsequent Tranche IV/Subsequent Tranche V] Term Loan, interest on such Term Loan and all other amounts due Lender under the Loan Agreement is secured under the Loan Agreement. 

Presentment for payment, demand, notice of protest and all other demands and notices of any kind in connection with the execution, delivery, performance and
enforcement of this Note are hereby waived. 
 Borrower shall pay all fees and expenses, including, without limitation, attorneys’ fees and costs,
incurred by Lender in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due subject to the terms of the Loan Agreement. 

This Note shall be governed by, and construed and interpreted in accordance with, the internal laws of the State of New York. 

The ownership of an interest in this Note shall be registered on a record of ownership maintained by Lender or its agent. Notwithstanding anything else in
this Note to the contrary, the right to the principal of, and stated interest on, this Note may be transferred only if the transfer is registered on such record of ownership and the transferee is identified as the owner of an interest in the
obligation. Borrower shall be entitled to treat the registered holder of this Note (as recorded on such record of ownership) as the owner in fact thereof for all purposes and shall not be bound to recognize any equitable or other claim to or
interest in this Note on the part of any other person or entity. 
 [Balance of Page Intentionally Left Blank]

 IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed by one of its officers
thereunto duly authorized on the date hereof. 
  

			
	BORROWER:
	
	 CARDIVA MEDICAL,
INC.

 
			
		
	By:	 	  

 
			
		
	Name:	 	  

		
	Title:	 	  

 LOAN AND PAYMENTS OF PRINCIPAL 

 

									
	 Date
	  	Interest Rate	  	Principal Amount	  	Scheduled Payment Amount	  	Notation ByEX-10.22

 Exhibit 10.22 

MISSION PARK 
 LEASE

 BY AND BETWEEN 

WASHCOP I LIMITED PARTNERSHIP, 

a Delaware limited partnership 

AND 
 CARDIVA MEDICAL,
INC., 
 a Delaware corporation 

 Table of Contents 

 

							
			
	 1.
	  	Basic Lease Terms	  	 	3	 
			
	 2.
	  	Delivery of Possession and Commencement; Landlord’s Work	  	 	5	 
			
	 3.
	  	Lease Term	  	 	6	 
			
	 4.
	  	Rent Payment	  	 	7	 
			
	 5.
	  	Letter of Credit	  	 	7	 
			
	 6.
	  	Use of the Premises; Hazardous Materials	  	 	10	 
			
	 7.
	  	Utility Charges; Building Maintenance	  	 	15	 
			
	 8.
	  	Taxes, Assessments and Operating Expenses	  	 	16	 
			
	 9.
	  	Parking	  	 	18	 
			
	 10.
	  	Indemnification	  	 	19	 
			
	 11.
	  	Insurance; Waiver of Subrogation	  	 	19	 
			
	 12.
	  	Property Damage	  	 	20	 
			
	 13.
	  	Condemnation	  	 	21	 
			
	 14.
	  	Assignment, Subletting and Other Transfers	  	 	22	 
			
	 15.
	  	Tenant Default	  	 	23	 
			
	 16.
	  	Landlord Default	  	 	25	 
			
	 17.
	  	Surrender at Expiration or Termination	  	 	26	 
			
	 18.
	  	Mortgage or Sale by Landlord; Estoppel Certificates	  	 	27	 
			
	 19.
	  	Liens	  	 	27	 
			
	 20.
	  	Attorneys Fees; Waiver of Jury Trial	  	 	27	 
			
	 21.
	  	Limitation on Liability; Transfer by Landlord	  	 	28	 
			
	 22.
	  	Landlord’s Right to Perform Tenant’s Covenants	  	 	28	 
			
	 23.
	  	Mortgagee Protection	  	 	28	 
			
	 24.
	  	Real Estate Brokers; Finders	  	 	28	 
			
	 25.
	  	Lease Contingency	  	 	29	 
			
	 26.
	  	Miscellaneous	  	 	29	 

 LEASE 

For valuable consideration, Landlord and Tenant hereby covenant and agree as follows: 

 

	1.	 Basic Lease Terms. 

1.1 Reference Date of Lease. October 11, 2018 
  

 

					
	1.2	  	Landlord.	  	 WASHCOP I LIMITED PARTNERSHIP,
 a
Delaware limited partnership (“Landlord”)

					
			
	      	  	Address for Payment of Rent:	  	Mission Park
		  		  	P.O. Box 511468
		  		  	Los Angeles, CA 90051-8023
			
		  	Wiring Instructions for	  	
		  	Payment of Rent:	  	
			
		  		  	WREH Mission Park Operations (California
		  		  	Acct - aba # [Intentionally Omitted]
			
		  		  	US Bank# [Intentionally Omitted]
			
		  		  	BANK:
		  		  	 US Bank
 1420 5th Ave, Suite 600

		  		  	Seattle, WA 98101
		  		  	Bank administrative contact: Commercial
		  		  	Customer Svc - [Intentionally Omitted]
			
		  		  	ACCOUNT HOLDER:
		  		  	Washcop I Limited Partnership
		  		  	 FED ID # [Intentionally Omitted]
 600 University
Street, Suite 2820

		  		  	Seattle, WA 9810 I
			
		  	Address For Notices:	  	Washcop I Limited Partnership
		  		  	 c/o Washington Holdings
 600 University Street,
Suite 2820

		  		  	Seattle, WA 98101
			
		  		  	With a copy to
			
		  		  	 Washington Holdings
 1800 Wyatt Drive, Suite
8

		  		  	Santa Clara, CA 95054

					
			
	1.3	  	Tenant.	  	 CARDIVA MEDICAL, INC.,
 a Delaware
corporation (“Tenant”)

  

					
	      	  	Trade Name: Cardiva Medical	  	
			
		  	Address for Invoices:	  	Cardiva Medical 1615 Wyatt Drive
		  		  	Santa Clara, CA 95054
		  		  	[Intentionally Omitted]
		  		  	Attn: Chief Financial Officer
		  		  	[Intentionally Omitted]

					
	      	  	Address for Notices:	  	Cardiva Medical
		  		  	1615 Wyatt Drive
		  		  	Santa Clara, CA 95054
		  		  	[Intentionally Omitted]
		  		  	Attn: Chief Financial Officer
		  		  	[Intentionally Omitted]
			
		  	Taxpayer ID Number:	  	[Intentionally Omitted]

 1.4 Building. The approximately 23,610 square foot building shown on Exhibit A and located at the
address commonly known as 1615 Wyatt Drive, Santa Clara, CA 95054 (the “Building”). 
 1.5 Premises: Premises Area. A
portion of the Building as generally shown on the attached Exhibit A (the “Premises”). The Premises shall consist of approximately 10,205 rentable square feet (the “Premises Area”). 

1.6 Outside Area. All areas and facilities within the Project (as defined below) exclusive of the interior of the Building which are not
appropriated to the exclusive occupancy of tenants, including all non-reserved vehicle parking areas, perimeter roads, traffic lanes, driveways, sidewalks, pedestrian walkways, landscaped areas, signs, service
delivery facilities, truck maneuvering areas, trash disposal facilities, common storage areas, common utility facilities and all other areas for non-exclusive use (the “Outside Area”).
Landlord reserves the right to change, reconfigure or rearrange the Outside Area and to do such other acts in and to the Outside Area as Landlord deems necessary or desirable. 

1.7 ***Project The project in which the Premises and Building are located (and which includes the Premises and Building) is commonly
known as Mission Park (the “Project”), as generally shown on Exhibit B attached hereto and incorporated herein. Landlord reserves the right to construct additional buildings within the Project, in which event the area of such
buildings shall be added to the area of the existing buildings to determine the total building area of the Project. Landlord further reserves the right to incorporate into the Project any real property adjacent to the Project and on which one or
more buildings have been constructed. 
 1.8 Permitted Use. General office, medical device sales, storage, administrative, warehousing
and research and development and other ancillary uses directly related thereto (the “Permitted Use”). 
 1.9 Lease
Term. Five (5) years and two (2) months. 
 1.9.1 Commencement Date. The date of Substantial Completion (as defined in
Exhibit C attached hereto) of the Landlord’s Work as set forth in Exhibit C (the “Commencement Date”), which date is estimated to be November 1, 2018 (the “Estimated Commencement Date”). 

1.9.2 Expiration Date. The last day of the sixty-second (62nd) full calendar month
of the Lease Term, which is estimated to be December 31, 2023 (the “Expiration Date”). 
 1.9.3 [Intentionally
Deleted] 
 1.9.4 Number of Full Calendar Months. Approximately sixty-two (62) full
calendar months plus the First (1st) Partial Month, if any (as defined below); if the Commencement Date does not occur on the first (1st) day of a month, the Lease Term shall additionally include
that portion of the month in which the Commencement Date occurs and which follows the Commencement Date (the “First (1st) Partial Month”). 

1.10 Base Rent. Subject to Paragraphs 3 and 4.1, monthly payments of base rent (“Base Rent”) shall be according
to the following schedule: 
  

					
	 Period of Time
	  	Monthly Base Rent	 
	 Month 1 - Month 12
	  	$	27,043.25	* 
	 Month 13 - Month 24
	  	$	27,854.55	 
	 Month 25 - Month 36
	  	$	28,690.18	 
	 Month 37 - Month 48
	  	$	29,550.89	 
	 Month 49 - Month 60
	  	$	30,437.42	 
	 Month 61 - Month 62
	  	$	31,350.54	 

  

	*Base	 Rent for the first (1st) two (2) full calendar months of the Lease Term is subject to abatement pursuant
to Section 4.3 of the Lease. 

  
 4 

 If the Commencement Date does not occur on the first (1st) day of a month, Base Rent for the First (1st)
Partial Month shall be equal to the initial monthly Base Rent set forth in the chart above, prorated to reflect the number of days during the First (1st) Partial Month. 

1.11 Letter of Credit. Two Hundred Thousand Dollars ($200,000.00) (the “Letter of Credit”). 

1.12 Tenant’s Proportionate Share(s). Subject to Paragraph 8.2, (i) Tenant’s initial proportionate share for Taxes (as
defined in Paragraph 8.3) is 43.22%, and (ii) Tenant’s initial proportionate share for Operating Expenses (as defined in Paragraph 8.4) is 43.22%. 

1.13 Estimated Operating Expenses and Taxes: An aggregate estimated payment for allocation toward Operating Expenses and Taxes equal to
$5,925.73 per month. 
 1.14 CC&R’s. Those certain covenants, conditions and restrictions recorded in Book E671, Page 414,
Official Records of Santa Clara County, on July 26, 1979, as amended and as may be amended from time to time (the “CC&R’s”). 

1.15 Landlord’s Work. Those improvements to the Premises to be constructed by Landlord pursuant to Exhibit C attached hereto
and incorporated herein (“Landlord’s Work”). 
 1.16 Landlord’s Agents. Landlord’s agents, partners,
subsidiaries, directors, officers, and employees (“Landlord’s Agents”). 
 1.17 Tenant’s Agents.
Tenant’s agents. employee s, contractors, subtenants. or invitees (“Tenant’s Agents”). 
 This lease (this
“Lease”) is entered into as of the Reference Date set forth above by Landlord and Tenant (each as defined above in the Basic Lease Terms). 
  

	2.	 Delivery of Possession and Commencement; Landlord’s Work. 

2.1 Delivery. Should Landlord be unable to deliver possession of the Premises on the Estimated Commencement Date stated in the Basic
Lease Terms (i) Tenant shall take possession of the Premises when Landlord notifies Tenant that the Premises are ready for delivery to Tenant as set forth in this Lease, (ii) the Commencement Date shall be deferred and Tenant shall owe no
rent until Landlord delivers notice tendering possession to Tenant if such delay is not caused by a Tenant Delay (as defined below). The term “Tenant Delays” as used in this Lease shall mean any delay or delays in Landlord’s
Substantial Completion of the Landlord’s Work resulting from one or more of the following: 
 2.1.1 Tenant’s failure to furnish
information or approvals within any time period specified in this Lease, including the failure to prepare or approve preliminary or final plans by any applicable due date; 

2.1.2 Tenant’s selection of equipment or materials that have long lead times after first being informed by Landlord that the selection may
result in a delay; 
 2.1.3 Changes requested or made by Tenant to previously approved plans and specifications; 

2.1.4 The performance of work in the Premises by Tenant or Tenant’s contractor(s) during the performance of the Landlord’s Work; or

 2.1.5 Interference with Landlord’s Work caused by Tenant or by Tenant’s contractors or subcontractors; or 

2.1.6 A breach of, or a default by Tenant under this Lease (including, without limitation Exhibit C); 

Landlord shall have no liability to Tenant for any such delays in the delivery of possession and neither Landlord nor Tenant shall have the right to terminate
this Lease as the result of such delays. Notwithstanding the foregoing, if the Commencement Date has not occurred on or before the Outside Completion Date (defined below), Tenant shall be entitled to a rent abatement following the Commencement Date
of $901.44 for every day in the period beginning on the Outside Completion Date and ending on the Commencement Date. The “Outside Completion Date” shall mean the date which is the later of (i) one hundred twenty (120) days after
the Estimated Commencement Date; or (ii) the date on which Tenant has properly executed and delivered this Lease, along with all prepaid rental, insurance certificates and the Letter of Credit required hereunder. Landlord and Tenant acknowledge
and agree that: (a) the determination of the Commencement Date shall take into consideration the effect of any Tenant Delays by Tenant; and (b) the Outside Completion Date shall be postponed by the number of days the Commencement Date is
delayed due to events of force majeure (as defined in Paragraph 26. l below). 

  
 5 

 2.2 Landlord’s Work; As-Is Delivery. The
Premises shall be delivered to Tenant with Landlord’s Work Substantially Completed as set forth in Exhibit C. Landlord’s correction of any Punch List items (as defined in Exhibit C attached hereto) shall not postpone the
Commencement Date of this Lease. Tenant hereby acknowledges that Tenant has inspected the Premises and, subject to the performance of Landlord’s Work and the express terms of Exhibit C, agrees to accept the same “AS IS” and in
their present condition, and without any representation or warranty by or from Landlord as to the condition of the Premises, the habitability of the Premises, the fitness of the Premises for the Permitted Use and/or the conduct of Tenant’s
business in the Premises, or the zoning of the Premises. However, notwithstanding the foregoing, Landlord agrees that base Building electrical, heating, ventilation and air conditioning and plumbing systems located in the Premises shall be in good
working order and the roof shall be in watertight condition as of the date Landlord delivers possession of the Premises to Tenant. Except to the extent caused by the acts or omissions of Tenant or Tenant’s Agents or by any alterations or
improvements performed by or on behalf of Tenant (other than the Landlord’s Work), if such systems are not in good working order or the roof is not in watertight condition as of the date possession of the Premises is delivered to Tenant and
Tenant provides Landlord with notice of the same within one hundred eighty (180) days following the date Landlord delivers possession of the Premises to Tenant, Landlord, at Landlord’s sole cost (and not as part of Operating Expenses),
shall be responsible for repairing or restoring the same. If any Tenant Delays occur, the Commencement Date shall be the date that, in the opinion of Landlord’s architect or space planner, Substantial Completion would have occurred if such
delays had not taken place. 
 2.3 CASp. Pursuant to California Civil Code Section 1938, Landlord hereby notifies Tenant that as
of the date of this Lease, the Premises has not undergone inspection by a “ Certified Access Specialist” (“CASp”) to determine whether the Premises meet all applicable construction-related accessibility standards under
California Civil Code Section 55.53. Landlord hereby discloses pursuant to California Civil Code Section 1938 as follows: “A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject
premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the
lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and
manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premises.” Landlord and Tenant hereby
acknowledge and agree that in the event that Tenant elects to perform a CASp inspection of the Premises hereunder, such CASp inspection shall be performed at Tenant’s sole cost and expense and Tenant shall be solely responsible for the cost of
any repairs, upgrades, alterations and/or modifications to the Premises or the Building necessary to correct any such violations of construction-related accessibility standards identified by such CASp inspection as required by Regulation, which
repairs, upgrades, alterations and/or modifications may, at Landlord’s option, be performed by Landlord at Tenant’s expense, payable as Additional Rent within ten (10) days following Landlord’s demand. 

2.4 Early Entry. Subject to the terms of this Paragraph 2.4 and provided that this Lease has been fully executed by all parties
and Tenant has delivered all prepaid rental, the Letter of Credit, and insurance certificates required hereunder, Landlord grants Tenant the right to enter the Premises. at Tenant’s sole risk ten (10) days prior to Landlord’s
reasonable estimate of the Commencement Date solely for the purpose of installing cabling, equipment, furnishings and other personalty. Such possession prior to the Commencement Date shall be subject to all of the terms and conditions of this Lease,
except that Tenant shall not be required to pay Base Rent with respect to the period of time prior to the Commencement Date during which Tenant occupies the Premises for such purposes. However, Tenant shall be liable for any parking charges,
utilities or special services provided to Tenant during such period. Notwithstanding the foregoing, if Tenant takes possession of the Premises before the Commencement Date for any purpose other than as expressly provided in this Paragraph, such
possession shall be subject to the terms and conditions of this Lease and Tenant shall pay Base Rent, and any other charges payable hereunder to Landlord for each day of possession before the Commencement Date. Said early possession shall not
advance the Expiration Date. Landlord may withdraw such permission to enter the Premises prior to the Commencement Date at any time that Landlord reasonably determines that such entry by Tenant is causing a dangerous situation for Landlord, Tenant
or their respective contractors or employees, or if Landlord reasonably determines that such entry by Tenant is hampering or otherwise preventing Landlord from proceeding with the completion of the Landlord’s Work at the earliest possible date.

  

	3.	 Lease Term. 

The term of this Lease shall commence on the Commencement Date and expire on the Expiration Date (the “Lease Term”). The
Expiration Date of this Lease shall be the date stated in the Basic Lease Terms or, if delivery of the Premises is delayed as set forth in Paragraph 2.1 or Paragraph 2.2, the last day of the calendar month that is the number of full
calendar months stated in the Basic Lease Terms from the month in which the Commencement Date occurs. When the actual Commencement Date is determined, the parties shall execute a Commencement Date Memorandum setting forth such date in the form
attached hereto and incorporated herein as Exhibit D. 

  
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	4.	 Rent Payment. 

4.1 Base Rent; Additional Rent. Tenant shall pay to Landlord the Base Rent for the Premises set forth in the Basic Lease Terms and all
amounts other than Base Rent that this Lease requires (“Additional Rent”) without demand, deduction or offset. As used herein, “Rent” or “rent” shall mean Base Rent and Additional Rent. Payment shall be
made in U.S. currency by (i) checks payable to Landlord and mailed to the address for rent payments as set forth above, (ii) through an automatic clearing house; or (iii) by wire in accordance with the wiring instructions set forth
above, or as otherwise may be designated in writing by Landlord. Simultaneous with Tenant’s execution and delivery of this Lease to Landlord, Tenant shall pay to Landlord the following amounts to be applied as set forth below: 

4.1.1 Base Rent to be applied toward Base Rent due for the third (3rd) month of the Lease
Term shall be $27,043.25. 
 4.1.2 Estimated payment of Operating Expenses and Taxes in the amount of $5,925.73 to be applied toward
Additional Rent due for the first (1st) month of the Lease Term. 
 Thereafter, Base Rent and Additional Rent shall be payable in advance on the first (1st)
day of each month during the Lease Term. Base Rent and Additional Rent for any partial month during the Lease Term shall be prorated to reflect the number of days during the relevant month. Payment by Tenant or receipt by Landlord of any amount less
than the full Base Rent or Additional Rent due from Tenant, or any disbursement or statement on any check or letter accompanying any check or rent payment, shall not in any event be deemed an accord and satisfaction. Landlord may accept such check
or payment without prejudice to Landlord’s right to recover the balance of such rental or pursue any other remedy provided in this Lease. 

4.2 Lockbox Payments. Tenant shall pay Base Rent, Additional Rent or other charges under this Lease to a “lock box” or other
depository whereby checks issued in payment of such items are initially cashed or deposited by a person or entity other than Landlord (albeit on Landlord’s authority); for any and all purposes under this Lease: (i) Landlord shall not be
deemed to have accepted such payment until the date on which such funds are actually received by Landlord or in the “lockbox” account, (ii) Landlord shall be deemed to have accepted such payment if (and only if) Landlord shall not
have immediately refunded (or attempted to immediately refund) such payment to Tenant and (iii) Landlord shall not be bound by any endorsement or statement on any check or any letter accompanying any check or payment and no such endorsement,
statement or letter shall be deemed an accord and satisfaction. Landlord or Landlord’s bank may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rent or pursue any other remedy provided in
this Lease, at law or in equity. 
 4.3 Abated Base Rent. Notwithstanding anything in this Lease to the contrary, so long as Tenant is
not in default under this Lease beyond any applicable notice and cure periods, Tenant shall be entitled to an abatement of Base Rent with respect to the Premises, as originally described in this Lease, in the amount of $27,043.25 for the first (1st) two (2) full calendar months of the Lease Term. The total amount of Base Rent abated pursuant to this Section 4.3 shall equal $54,086.50. If Tenant defaults under this Lease at any time
during the Lease Term and fails to cure such default within any applicable cure period under this Lease, then all unamortized Abated Base Rent (i.e. based upon the amortization of the Abated Base Rent in equal monthly amounts, without interest,
during the period commencing on the Commencement Date and ending on the original Expiration Date) shall immediately become due and payable. Only Base Rent shall be abated pursuant to this Paragraph, as more particularly described herein, and all
other Rent and other costs and charges specified in this Lease shall remain as due and payable pursuant to the provisions of this Lease. 
  

	5.	 Letter of Credit. 

Concurrent with Tenant’s execution and delivery of this Lease to Landlord, Tenant shall deliver to Landlord, as collateral for the full performance by
Tenant of all of its obligations under this Lease and for all losses and damages Landlord may suffer as a result of Tenant’s failure to comply with one or more provisions of this Lease, including, but not limited to, any post lease termination
damages under Section 1951.2 of the California Civil Code, an Irrevocable Standby Letter of Credit (the “Letter of Credit”) in the amount of Two Hundred Thousand Dollars ($200,000.00). The following terms and conditions shall
apply to the Letter of Credit: 
 5.1 The Letter of Credit shall be in favor of Landlord, shall be issued by a bank reasonably acceptable to
Landlord with a Standard & Poors rating of “A” or better, shall comply with all of the terms and conditions of this Article and shall otherwise be in the form attached hereto as Exhibit G. Landlord hereby approves Bridge
Bank (and its affiliate Western Alliance Bank) as the issuing bank for the Letter of Credit. 

  
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 5.2 The Letter of Credit or any replacement Letter of Credit shall be irrevocable for the
term thereof and shall automatically renew on a year to year basis until a period ending not earlier than two (2) months subsequent to the Expiration Date (the “LOC Expiration Date”) without any action whatsoever on the part of
Landlord; provided that the issuing bank shall have the right not to renew the Letter of Credit by giving written notice to Landlord not less than sixty (60) days prior to the expiration of the then current term of the Letter of Credit that it
does not intend to renew the Letter of Credit. Tenant understands that the election by the issuing bank not to renew the Letter of Credit shall not, in any event, diminish the obligation of Tenant to deposit a security deposit or maintain such an
irrevocable Letter of Credit in favor of Landlord through the LOC Expiration Date. 
 5.3 Landlord, or its then authorized representative,
upon Tenant’s failure to comply with one or more provisions of this Lease, or as otherwise specifically agreed by Landlord and Tenant pursuant to this Lease or any amendment hereof, without prejudice to any other remedy provided in this Lease
or by Regulations, shall have the right from time to time to make one or more draws on the Letter of Credit and use all or part of the proceeds in accordance with Section 5.4 below. In addition, if Tenant fails to furnish a renewal or
replacement letter of credit complying with all of the provisions of this Article 5 at least sixty (60) days prior to the stated expiration date of the Letter of Credit then held by Landlord, Landlord may draw upon such Letter of Credit and
bold the proceeds thereof (and such proceeds need not be segregated) in accordance with the terms of this Article 5. Funds may be drawn down on the Letter of Credit upon presentation to the issuing bank of Landlord’s (or Landlord’s then
authorized representative’s) certification set forth in Exhibit G. 
 5.4 Tenant acknowledges and agrees (and the Letter of
Credit shall so state) that the Letter of Credit shall be honored by the issuing bank without inquiry as to the truth of the statements set forth in such draw request and regardless of whether the Tenant disputes the content of such statement. The
proceeds of the Letter of Credit shall constitute Landlord’s sole and separate property (and not Tenant’s property or the property of Tenant’s bankruptcy estate) and Landlord may immediately upon any draw (and without notice to
Tenant) apply or offset the proceeds of the Letter of Credit: (a) against any rent or other amounts payable by Tenant under this Lease that is not paid when due; (b) against all losses and damages that Landlord has suffered or that
Landlord reasonably estimates that it may suffer as a result of Tenant’s failure to comply with one or more provisions of this Lease, including any damages arising under Section 1951.2 of the California Civil Code following termination of
this Lease; (c) against any costs incurred by Landlord in connection with this Lease (including attorneys’ fees) not reimbursed by Tenant within the time period required under this Lease; and (d) against any other amount that Landlord
may spend or become obligated to spend by reason of Tenant’s default. Provided Tenant has performed all of its obligations under this Lease, Landlord agrees to pay to Tenant within sixty (60) days after the LOC Expiration Date the amount
of any proceeds of the Letter of Credit received by Landlord and not applied as allowed above; provided, that if prior to the LOC Expiration Date a voluntary petition is filed by Tenant or any guarantor, or an involuntary petition is filed against
Tenant or any Guarantor by any of Tenant’s or guarantor’s creditors, under the Federal Bankruptcy Code, then Landlord shall not be obligated to make such payment in the amount of the unused Letter of Credit proceeds until either all
preference issues relating to payments under this Lease have been resolved in such bankruptcy or reorganization case or such bankruptcy or reorganization case has been dismissed, in each case pursuant to a final court order not subject to appeal or
any stay pending appeal. 
 5.5 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 amount set forth in this Article 5, Tenant shall, within ten (10) days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of
credit in the total amount required pursuant to this Article 5), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this Article 5, and if Tenant fails to comply with the foregoing, notwithstanding
anything to the contrary contained in this Lease, the same shall constitute an incurable event of 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. 

5.6 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, including Landlord’s mortgagee and/or to have the Letter of Credit reissued in the name of Landlord’s mortgagee. If Landlord transfers its interest
in the Building and transfers the Letter of Credit (or any proceeds thereof then held by Landlord) in whole or in part to the transferee, Landlord shall, without any further agreement between the parties hereto, thereupon be released by Tenant from
all liability therefor. The provisions hereof shall apply to every transfer or assignment of all or any part of the 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 issuer of the Letter of Credit such applications, documents and instruments as may be necessary to effectuate such transfer. Tenant shall be responsible for paying the issuer’s
transfer and processing fees in connection with any transfer of the Letter of Credit and, if Landlord advances any such fees (without having any obligation to do so), Tenant shall reimburse Landlord for any such transfer or processing fees within
ten (10) days after Landlord’s written request therefor. 

  
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 5.7 If the Letter of Credit expires earlier than the LOC Expiration Date, or the issuing
bank notifies Landlord that it shall not renew the Letter of Credit, Landlord shall accept a renewal thereof or substitute Letter of Credit (such renewal or substitute Letter of Credit to be in effect not later than sixty (60) days prior to the
expiration thereof), irrevocable and automatically renewable through the LOC Expiration Date upon the same terms as the expiring Letter of Credit or upon such other terms as may be acceptable to Landlord. However, if (a) the Letter of Credit is
not timely renewed, or (b) a substitute Letter of Credit, complying with all of the terms and conditions of this paragraph is not timely received, Landlord may present such Letter of Credit to the issuing bank, and the entire sum so obtained
shall be paid to Landlord, to be held by Landlord as a security deposit. Notwithstanding the foregoing, Landlord shall be entitled to receive from Tenant all reasonable attorneys’ fees and costs incurred in connection with the review of any
proposed substitute Letter of Credit pursuant to this Section. 
 5.8 Landlord and Tenant (a) acknowledge and agree that in no event or
circumstance shall the Letter of Credit or any renewal thereof or substitute therefor or any proceeds thereof be deemed to be or treated as a “security deposit” under any Regulation applicable to security deposits in the commercial context
including Section 1950.7 of the California Civil Code, as such section now exist or as may be hereafter amended or succeeded (“Security Deposit Laws”), (b) acknowledge and agree that the Letter of Credit (including any renewal
thereof or substitute therefor or any proceeds thereof) is not intended to serve as a security deposit, and the Security Deposit Laws shall have no applicability or relevancy thereto, and (c) 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. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code and all other provisions of Regulations, now or
hereafter in effect, which (i) establish the time frame by which Landlord must refund a security deposit under a lease, and/or (ii) provide that Landlord may claim from the 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 specified above in this Section 5.8 and/or those sums reasonably necessary to
compensate Landlord for any loss or damage caused by Tenant’s breach of this Lease or the acts or omission of Tenant or Tenant’s Agents, including any damages Landlord suffers following termination of this Lease. 

5.9 Notwithstanding anything to the contrary contained in this Lease, in the event that at any time the financial institution which issues said
Letter of Credit is declared insolvent by the FDIC or is closed for any reason, Tenant must, within ten (10) days, provide a substitute Letter of Credit that satisfies the requirements of this Lease hereby from a financial institution
acceptable to Landlord, in Landlord’s reasonable discretion. In such event, at Tenant’s election, Tenant may deliver to Landlord a cash security deposit (the “Security Deposit”) in an amount equal to the then-current
required face amount of the Letter of Credit in lieu of such substitute Letter of Credit. In such event, such Security Deposit shall be subject to the remaining terms of this Paragraph 5.9. The Security Deposit shall be a debt from Landlord
to Tenant. Landlord may commingle the Security Deposit with its funds and shall have no obligation to pay any interest on the Security Deposit. Landlord shall have the right to offset against the Security Deposit any sums owing from Tenant to
Landlord and not paid when due, any damages caused by Tenant’s default, the cost of curing any default by Tenant should Landlord elect to do so, and the cost of performing any repair, maintenance or cleanup that is the responsibility of Tenant
under this Lease. Offset against the Security Deposit shall not be an exclusive remedy in any of the above cases but may be invoked by Landlord, at its option, in addition to any other remedy provided by law or this Lease for Tenant’s
nonperformance. Landlord shall give notice to Tenant each time an offset is claimed against the Security Deposit, and unless the Lease is terminated, Tenant shall within ten (10) days after such notice deposit with Landlord a sum equal to the
amount of the offset so that the total deposit amount, net of offset, shall remain constant throughout the Lease Term. Tenant’s failure to make such deposit after offset shall be a default under this Lease. Any remaining balance of such
Security Deposit shall be returned by Landlord to Tenant (or, at Landlord’s option, to the last assignee of Tenant) after Tenant’s obligations under this Lease have been fulfilled. Tenant hereby waives the provisions of Section 1950.7
of the California Civil Code, or any successor statute, and agrees that Landlord may hold and apply the Security Deposit to future rent damages. In the event Tenant substitutes the Letter of Credit required hereunder with a cash Security Deposit
pursuant to this Paragraph 5.9, if Tenant would have been entitled to reduce the face amount of the Letter of Credit pursuant to Paragraph 5.10 below, then the Security Deposit amount shall be reduced by the same amount that the face
amount of the Letter of Credit would have been reduced under Paragraph 5.10 and Landlord shall credit the amount by which the Security Deposit is reduced against Tenant’s next arising payment(s) of Base Rent after the later to occur
of(a) Landlord’s receipt of the Notice, or (b) the date upon which Tenant is entitled to a reduction in the Security Deposit as provided above. Tenant shall have no right to any return or reimbursement of the portion of the Security
Deposit applied by Landlord as provided herein and hereby waives and releases any and all claims to such portion of the Security Deposit so applied by Landlord pursuant to this Paragraph 5.9. 

5.10 Notwithstanding any contrary provision hereof, provided that Tenant has timely paid all Rent due under this Lease, the Letter of Credit
amount shall be reduced on the following dates (each. a “Reduction Effective Date”) to be equal to the following corresponding amounts (each, a “Reduced Amount”): (a) $150,000 .00 on the first (1st) day of the
thirty-seventh (37th) full calendar month of the Lease Term; and (b) $125,000.00 on the first (1st) day of the forty-ninth (49th) full calendar
month of the Lease Tenn. In addition to the foregoing, and provided that Tenant has timely paid all Rent due under this Lease, if (A) Tenant’s Financial Information (defined below) reflects three (3) consecutive calendar quarters of
profitability at any time during the Lease Term, as reasonably determined by Landlord, or (B) Tenant’s Financial Information reflects, to Landlord’s reasonable satisfaction, an infusion of additional capital funding in Tenant (in the
form of cash or such other commitments for debt or equity financing that are reasonably acceptable to Landlord) in an amount not less than $10,000,000.00 (which may be cumulative over time and not necessarily in one financing event), Tenant shall
have the right to reduce the amount of the Letter of Credit amount so that the new Letter of Credit amount will be $37,276.27. If Tenant believes it is entitled to a reduction in the Letter of Credit, Tenant shall provide Landlord with written
notice requesting that the Letter of Credit be reduced as provided above (the “Reduction Notice”). 

  
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If Tenant believes it is entitled to a reduction in the Letter of Credit pursuant to subsections (A) or (B) above, concurrent with Tenant’s delivery of the Reduction Notice, Tenant
shall deliver to Landlord for review Tenant’s most recent audited financial statements prepared in the ordinary course of Tenant’s business or, if unaudited, certified by Tenant’s chief financial officer as being prepared in
accordance with Generally Accepted Accounting Principles (GAAP) (or such other accounting method, consistently applied, reasonably approved by Landlord) and true, complete and correct in all material respects, and any other financial information
(including, if applicable, evidence of funding commitments) reasonably requested by Landlord (“Tenant’s Financial Information”). Landlord shall keep Tenant’s Financial Information confidential, subject to and in accordance
with the terms and conditions of Paragraph 26.15 below. If the Letter of Credit amount is reduced in accordance with this Paragraph 5.10, Tenant shall either (i) deliver to Landlord a new Letter of Credit in the amount of the
Reduced Amount and otherwise satisfying the requirements of this Paragraph 5, whereupon Landlord shall return the Letter of Credit then held by Landlord (the “Existing Letter of Credit”) to Tenant within thirty (30) days
after the later of Landlord’s receipt of such new Letter of Credit or the Reduction Effective Date, or (ii) deliver to Landlord an amendment to the Existing Letter of Credit, executed by and binding upon the issuer of the Existing Letter
of Credit and in a form reasonably acceptable to Landlord, reducing the amount of the Existing Letter of Credit to the Reduced Amount, whereupon Landlord shall execute and return such amendment to Tenant within thirty (30) days after the later
of Landlord’s receipt of such amendment or the Reduction Effective Date. Notwithstanding anything to the contrary contained herein, if Tenant has been in default under this Lease at any time prior to the effective date of any reduction of the
Letter of Credit amount and Tenant has failed to cure such default within any applicable cure period, then Tenant shall have no further right to reduce the amount of the Letter of Credit amount as described herein. 

 

	6.	 Use of the Premises; Hazardous Materials. 

6.1 Permitted Use: CC&R’s. Subject to Tenant’s acknowledgment set forth in Paragraph 2.2, the Premises shall be
used for the Permitted Use set forth in the Basic Lease Terms and for no other purpose without Landlord’s prior written consent which may be withheld in Landlord’s sole and absolute discretion if such proposed use would violate Applicable
Laws, exclusivity rights of any other tenant or occupant of the Project or the certificate of occupancy for the Building, and otherwise in Landlord’s reasonable discretion. Tenant agrees that the Premises are subject and this Lease is
subordinate to the CC&R’s. Tenant acknowledges receipt of a copy of the CC&R’s and further acknowledges that it has read the CC&R’s and knows the contents thereof. From and after the Reference Date and continuing through
the Lease Term, Tenant shall faithfully and timely perform and comply with the CC&R’s and any modifications or amendments thereof. Notwithstanding anything herein to the contrary, except in connection with a request by any lender of
Landlord’s Agents or as otherwise required to comply with Applicable Laws, Landlord shall not voluntarily enter into any amendment or other modification to any existing CC&Rs or enter into any new covenants, conditions and restrictions
which materially and adversely increase the obligations or decrease the rights of Tenant under this Lease. 
 6.2 Compliance with
Applicable Laws and Requirements. 
 6.2.1 In connection with its use, Tenant shall at its expense comply with the CC&R’s, all
applicable laws, ordinances, regulations, codes and orders of any governmental or other public authority including without limitation, any and all Hazardous Materials Laws as defined in Paragraph 6.6.6 (together with any supplements or
modifications thereto, “Applicable Laws”), and also including. without limitation, those requiring alteration of the Premises because of Tenant’s specific use or required pursuant to Paragraph 6.6. Nothing herein shall
require Tenant, with respect to the Premises, to comply with Applicable Laws which require structural alterations without reference to the particular use of Tenant (other than general office use), the acts or omissions of Tenant or any of
Tenant’s Agents, or any alterations, additions or improvements performed by or on behalf of Tenant (other than the Landlord’s Work); provided, however, that even though Tenant shall be required to perform such structural alterations,
additions or improvements, Landlord shall have the right, in Landlord’s sole discretion, to do so on Tenant’s behalf and at Tenant’s sole cost and expense. Tenant, at Tenant’s sole cost and expense, shall obtain and maintain any
and all permits and licenses required in order for Tenant to operate the Permitted Use in the Premises (other than, solely with respect to the Landlord’s Work, all approvals necessary for the occupancy of the Premises by Tenant). Tenant shall
not commit any public or private nuisance or any other act or thing, which might or would disturb the quiet enjoyment of any tenant or occupant of the Building, any other portion of the Project or any nearby property. Tenant shall not invalidate or
impair any roof warranty; nor place any loads upon the floors, walls or ceilings in excess of the maximum designed load determined by Landlord or which endanger the structure; nor place any harmful liquids in the drainage systems; nor dump or store
waste materials or refuse or allow such to remain outside the Building proper, except in the enclosed trash areas provided. Tenant shall not store or permit to be stored or otherwise placed any other material of any nature whatsoever outside the
Building. Tenant shall not bring upon the Premises or any portion of the Building or Project or use the Premises or permit the Premises or any portion thereof to be used for the growing, manufacturing, administration, distribution (including without
limitation, any retail sales), possession, use or consumption of any cannabis, marijuana or cannabinoid product or compound, regardless of the legality or illegality of the same. 

6.2.2 From and after the Reference Date and continuing through the Lease Term, Tenant shall not: 

(i) Permit any vehicle on the Project to emit exhaust which is in violation of any governmental law, rule, regulation or requirement; 

  
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 (ii) Discharge, emit or permit to be discharged or emitted, any liquid, solid or gaseous
matter, or any combination thereof, into the atmosphere, the ground or any body of water, which matter, as reasonably determined by Landlord or any governmental entity with jurisdiction, does or may pollute or contaminate the same, or is or may
become radioactive, or may adversely affect (i) the health or safety of persons, whether on the Premises, the Project, or elsewhere, (ii) the condition, use or enjoyment of the Premises, the Project, or any other real or personal property
located on the Premises, the Project or elsewhere, or (iii) the Premises, the Project, or any of the improvements constructed thereon, including buildings, foundations, pipes, utility lines, landscaping or parking areas; 

(iii) Produce, or permit to be produced, any intense glare, light or heat except within an enclosed or screened area, and then only in such
manner that the glare, light or heat shall not be discernible from outside the Premises; 
 (iv) Create, or permit to be created, any sound
pressure level which will interfere with the quiet enjoyment of any real property outside the Premises or the Project, or which will create a nuisance or violate any governmental law, rule, regulation or requirement; 

(v) Create or permit to be created any ground vibration that is discernible outside the Premises or the Project; or 

(vi) Transmit, receive or permit to be transmitted or received, any electromagnetic, microwave or other radiation, which is harmful or
hazardous to any person or property in, on or about the Premises, the Project, or elsewhere. 
 6.3 Signage. 

6.3.1 The location, size, design, color and other physical aspects of Tenant’s identification signage shall comply with the sign criteria
for the Project attached hereto and incorporated herein as Exhibit F and shall be subject to the Landlord’s written approval prior to installation (which shall not be unreasonably withheld), the CC&R’s and any appropriate
municipal or other governmental approvals and any other Applicable Laws. All signs installed by Tenant shall be removed upon termination of this Lease with the sign location restored to its former state. The cost of Tenant’s signs, their
installation, maintenance and removal expense shall be Tenant’s sole expense. If Tenant fails to maintain its signs. or, if Tenant fails to remove its signs upon termination of this Lease, Landlord may do so at Tenant’s expense and
Tenant’s reimbursement to Landlord for such amounts shall be deemed Additional Rent. 
 6.3.2 So long as (a) Tenant is not in
default under the terms of this Lease; (b) Tenant is in occupancy of no less than seventy-five percent (75%) of the entire Premises; and (c) Tenant has not assigned this Lease or sublet more than twenty-five percent (25%) of the Premises,
Tenant shall have the right to have its name listed on fifty percent (50%) of the shared monument sign for the Building (the “Monument Sign”), subject to the terms of this Paragraph 6.3.2. The design, size and color of
Tenant’s signage with Tenant’s name to be included on the Monument Sign, and the manner in which it is attached to the Monument Sign, shall comply with all Applicable Laws and shall be subject to the approval of Landlord and any applicable
governmental authorities. Landlord reserves the right to withhold consent to any sign that, in the sole judgment of Landlord, is not harmonious with the design standards of the Building and Monument Sign. Landlord shall have the right to require
that all names on the Monument Sign be of the same size and style. Tenant must obtain Landlord’s written consent to any proposed signage and lettering prior to its fabrication and installation. Tenant’s right to place its name on the
Monument Sign, and the location of Tenant’s name on the Monument Sign. shall be subject to the existing rights of existing tenants in the Building, and the location of Tenant’s name on the Monument Sign shall be further subject to
Landlord’s reasonable approval. To obtain Landlord’s consent, Tenant shall submit design drawings to Landlord showing the type and sizes of all lettering; the colors, finishes and types of materials used; and (if applicable and Landlord
consents in its sole discretion) any provisions for illumination. Although the Monument Sign will be maintained by Landlord, Tenant shall pay its proportionate share of the cost of any maintenance and repair associated with the Monument Sign. In the
event that additional names are listed on the Monument Sign, all future costs of maintenance and repair shall be prorated between Tenant and the other parties that are listed on such Monument Sign. Tenant’s name on the Monument Sign shall be
designed, constructed, installed, insured, maintained, repaired and removed from the Monument Sign all at Tenant’s sole risk. cost and expense. Tenant, at its cost, shall be responsible for the maintenance, repair or replacement of
Tenant’s signage on the Monument Sign, which shall be maintained in a manner reasonably satisfactory to Landlord. If during the Lease Term (and any extensions thereof) (i) Tenant is in default under the terms of this Lease after the
expiration of applicable cure periods; (ii) Tenant leases and occupies less than seventy-five percent (75%) of the entire Premises; or (iii) Tenant assigns this Lease or subleases more than twenty-five percent (25%) of the entire Premises,
then Tenant’s rights granted herein will terminate and Landlord may remove Tenant’s name from the Monument Sign at Tenant’s sole cost and expense and restore the Monument Sign to the condition it was in prior to installation of
Tenant’s signage thereon, ordinary wear and tear excepted. The cost of such removal and restoration shall be payable as Additional Rent within five (5) days of Landlord’s demand. Landlord may, at anytime during the Lease Term (or any
extension thereof), upon five (5) days prior written notice to Tenant, relocate the position of Tenant’s name on the Monument Sign. The cost of such relocation of Tenant’s name shall be at the cost and expense of Landlord. The rights
provided in this Paragraph 6.3.2 shall be non-transferable unless otherwise agreed by Landlord in writing in its sole discretion. 

  
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 6.4 Alterations. Except for Permitted Alterations (as defined below), Tenant shall
make no alterations, additions or improvements to the Premises and/or in, on or about the Building (including, without limitation, lighting, heating, ventilating, air conditioning, electrical, partitioning, window coverings and carpentry
installations) (collectively. “Alterations”) without Landlord’s prior written consent as provided in this Paragraph 6.4 and without a valid building permit issued by the appropriate governmental agency. 

6.4.1 To the extent that any Alterations to the Premises constitute “Major Alterations” (as defined below), Landlord may withhold its
consent in Landlord’s sole and absolute discretion; otherwise, Landlord’s consent to any Alterations to the Premises other than Major Alterations (and excluding Permitted Alterations as set forth below) shall not be unreasonably withheld,
conditioned or delayed. As used herein. “Major Alterations” shall mean any Alterations (i) which are visible from outside the Premises and/or Building (including design and aesthetic changes), and/or (ii) to the exterior
of the Building, the roof of the Building, the heating, ventilation and/or air conditioning systems serving the Premises, the fire sprinkler, plumbing, electrical, mechanical and/or any other systems serving the Premises, any interior, load-bearing
walls, the foundation and/or the slab of the Building. 
 6.4.2 Together with Tenant’s request for Landlord’s consent to any
Alterations other than Permitted Alterations, Tenant shall deliver to Landlord preliminary plans and specifications prepared by a California licensed architect for the proposed Alterations (the “Preliminary Plans and
Specifications”). The Preliminary Plans and Specifications shall be in sufficient detail to enable Landlord to fully understand the nature and scope of the proposed Alterations and the potential effect of the proposed Alterations on the
Building and Project and shall include, as and if reasonably required by Landlord as part of Landlord’s review, full architectural and engineering plans and specifications for the proposed Alterations. Without limiting the foregoing, the
Preliminary Plans and Specifications for any proposed Major Alterations shall include full architectural and engineering plans. If Landlord does not approve the Preliminary Plans and Specifications, Landlord shall return the Preliminary Plans and
Specifications to Tenant, who shall make all necessary revisions after Tenant’s receipt of Landlord’s revisions thereto. This procedure shall be repeated until Landlord approves the Preliminary Plans and Specifications. The approved
Preliminary Plans and Specifications, as modified, shall be deemed the “Construction Documents”. Once the Construction Documents have been approved, no further changes to the Construction Documents may be made without prior written
approval from both Landlord (pursuant to this Paragraph 6.4) and Tenant. While Landlord has the right to approve the Preliminary Plans and Specifications and the Construction Documents, Landlord’s interest in doing so is to protect the
Premises and Landlord’s interests. Accordingly, Tenant shall not rely upon Landlord’s approvals and Landlord shall not be the guarantor of, nor responsible for, the correctness or accuracy of the Preliminary Plans and Specifications and/or
the Construction Documents, or the compliance thereof with Applicable Law, and Landlord shall incur no liability of any kind by reason of granting such approvals. 

6.4.3 Tenant shall be permitted, without Landlord’s prior written consent provided that Tenant complies with all other terms and
conditions of this Paragraph 6.4, to make nonstructural Alterations not exceeding Fifteen Thousand and No/100 Dollars ($15,000.00) in cost per calendar year to the interior of the Premises (the “Permitted Alterations”). 

6.4.4 Tenant shall notify Landlord in writing at least ten (10) business days prior to commencement of any such work to enable Landlord to
post a Notice of Non-Responsibility or other notice deemed proper before the commencement of such work. Any and all such Alterations shall comply with the CC&R’s and all Applicable Laws including,
without limitation, obtaining any required permits or other governmental approvals, shall be performed by a California licensed contractor and shall be done in a good and workmanlike manner conforming in quality and design with the Premises as then
currently existing, and shall not diminish the value of the Premises. In connection with any Alterations made by Tenant to the Premises expected (as reasonably determined by Landlord) to cost in excess of Forty Thousand and 00/100 Dollars
($40,000.00), Landlord may require that Tenant deposit with Landlord prior to the making of such Alterations an amount as reasonably required by Landlord as security for the full and faithful performance of Tenant’s obligations with respect to
such Alterations, including, without limitation, the obligation to remove such Alterations at the expiration of the Lease Term or earlier termination of this Lease, and all such assurances as Landlord shall reasonably require to assure payment of
the costs thereof, including but not limited to waivers of lien, surety company performance bonds and to protect Landlord and the Building and any appurtenant land against any loss from any mechanic’s, materialmen’s or other liens. All
Alterations made by Tenant shall be and become the property of Landlord upon installation and shall not be deemed Tenant’s property unless the terms of the applicable consent provide otherwise, or Landlord requests that part or all of the
Alterations be removed. In such case, Tenant, at its sole cost and expense, shall promptly remove the specified Alterations and shall fully repair and restore the relevant portion(s) of the Premises to their condition prior to the making of such
Alterations. Notwithstanding anything to the contrary contained herein, so Jong as Tenant’s written request for consent for proposed Alterations substantially contains the following language “PURSUANT TO Paragraph 6.4 OF THE LEASE, IF
LANDLORD CONSENTS TO THE SUBJECT ALTERATION, LANDLORD SHALL NOTIFY TENANT IN WRITING WHETHER OR NOT LANDLORD WILL REQUIRE SUCH ALTERATION TO BE REMOVED AT THE EXPIRATION OR EARLIER TERMINATION OF THE LEASE.”, at the time Landlord gives its
consent for any Alterations, if it so does, Tenant shall also be notified whether or not Landlord will require that such Alterations be removed upon the expiration or earlier termination of this Lease. Notwithstanding anything to the contrary
contained in this Lease, at the expiration or earlier termination of this Lease and otherwise in accordance with this Paragraph 6.4 and Paragraph 17.1 below, Tenant shall be required to remove

  
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all Alterations made to the Premises except for any such Alterations which Landlord expressly indicates shall not be required to be removed from the Premises by Tenant. If Tenant’s written
notice strictly complies with the foregoing and if Landlord fails to notify Tenant within twenty (20) days of Landlord’s receipt of such notice whether Tenant shall be required to remove the subject Alterations at the expiration or earlier
termination of this Lease, it shall be assumed that Landlord shall require the removal of the subject Alterations. 
 6.5 Cabling.
Tenant shall not install or cause to be installed any cabling or wiring (collectively, “Cabling”) without the prior written consent of Landlord. Any installation of Cabling shall be performed pursuant to Paragraph 6.4, shall
meet the requirements of the National Electrical Code (as may be amended from time to time), and shall comply with the CC&R’s and all Applicable Laws. On or prior to the expiration or earlier termination of this Lease, Tenant, at
Tenant’s sole cost and expense, shall remove all Cabling so installed unless Landlord, in its sole and absolute discretion, elects in writing to waive this requirement. Any Cabling removed by Tenant shall be disposed of by Tenant, at
Tenant’s sole cost and expense, in accordance with all Applicable Laws. 
 6.6 Hazardous Materials. 

6.6.1 Upon Landlord’s request or in the event Tenant intends to generate, bring onto, use, store or dispose of any Hazardous Materials in
or about the Premises, the Outside Area or any other portion of the Project, Tenant agrees to complete the questionnaire (the “Hazardous Materials Questionnaire”) attached hereto and incorporated herein as Exhibit E (it being
agreed that, in no event, shall Tenant be permitted to bring any Hazardous Materials upon the Premises unless and until Tenant first provides the Hazardous Materials Questionnaire). Tenant represents and warrants that the information completed by
Tenant in the Hazardous Materials Questionnaire, if any, is true and complete. Tenant agrees to immediately inform Landlord in writing if any of the information contained in the Hazardous Materials Questionnaire becomes untrue, inaccurate or
incomplete. 
 6.6.2 Tenant shall not cause or permit any Hazardous Materials to be generated, brought onto, used, stored, or disposed of in
or about the Premises, the Outside Area, or any other portion of the Project, by Tenant or Tenant’s Agents, except for (i) standard office supplies and standard janitorial supplies which may be Hazardous Materials but only to the extent
that such supplies (and the quantities thereof) are normally used in connection with general office uses; and (ii) the quantities and types of Hazardous Materials set forth on the Hazardous Materials Questionnaire, if applicable, approved by
Landlord (in Landlord’s sole discretion). Any handling, transportation, storage, treatment, disposal or use of Hazardous Materials by Tenant’s Agent shall strictly comply with all applicable Hazardous Materials Laws. Without limiting the
generality of the foregoing and/or the terms and conditions set forth is Section 6.6.8 below, upon the expiration of the Lease Term or the earlier termination of this Lease, Tenant shall comply with all Hazardous Materials Laws relating to the
closure of the Premises and/or the removal or remediation of Hazardous Materials present in, on or about the Premises. 
 6.6.3 Landlord and
Tenant shall each give written notice to the other as soon as reasonably practicable of (i) any Hazardous Materials which relates to the Premises, (ii) any contamination of the Premises by Hazardous Materials which constitutes a violation
of any Hazardous Materials Law, and/or (iii) any notice or communication from a governmental agency or any other person relating to any Hazardous Materials on, under or about the Premises; or (iii) any violation of any Hazardous Materials
Laws with respect to the Premises or Tenant’s activities on or in connection with the Premises. Tenant and Tenant’s Agents shall not bring Hazardous Materials of types or quantities differing from those set forth in the Hazardous Materials
Questionnaire without first obtaining the written permission of the Landlord. At any time during the Lease term, Tenant shall, within five (5) business days after written request therefor received from Landlord, disclose in writing all
Hazardous Materials that are being used by Tenant or Tenant’s Agents on the Premises, the nature of such use, and the manner of storage and disposal. 

6.6.4 In the event of a spill, leak, disposal or other release of any Hazardous Materials on, under or about the Premises, the Outside Area or
any other portion of the Project caused by Tenant or any of its contractors, agents or employees or invitees, or the suspicion or threat of the same, Tenant shall (i) immediately undertake all emergency response necessary to contain, cleanup
and remove the released Hazardous Material(s), (ii) promptly undertake all investigatory, remedial, removal and other response action necessary or appropriate to ensure that any Hazardous Materials contamination is eliminated to Landlord’s
reasonable satisfaction, and (iii) provide Landlord copies of all correspondence with any governmental agency regarding the release (or threatened or suspected release) or the response action, a detailed report documenting all such response
action, and a certification that any contamination has been eliminated. All such response action shall be performed, all such reports shall be prepared and all such certifications shall be made by an environmental consultant reasonably acceptable to
Landlord. 
 6.6.5 If Landlord at any time during the Lease Term (including any holdover period) reasonably believes that Tenant is not
complying with any of the requirements of this Paragraph 6.6, Landlord may require Tenant to furnish to Landlord, at Tenant’s sole expense and within thirty (30) days following Landlord’s request therefor, an environmental
audit or any environmental assessment with respect to the matters of concern to Landlord. Such audit or assessment shall be prepared by a qualified consultant reasonably acceptable to Landlord. In addition, Landlord may cause testing wells to be
installed on or about the Outside Area, and may cause the ground water to be tested to detect the presence of Hazardous Materials by the use of such 

  
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tests as are then customarily used for such purposes, provided that Landlord shall use diligent efforts to minimize any inconvenience or disruption to Tenant’s business in connection with
such installation. If Tenant so requests, Landlord shall supply Tenant with copies of such test results. The cost of such tests and of the installation, maintenance, repair and replacement of such wells shall be paid by Tenant if such tests disclose
the existence of facts which give rise to liability of Tenant pursuant to its indemnity given in Paragraph 6.6.7. 
 6.6.6 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 of California or the United States Government. The term
“Hazardous Material,” includes, without limitation, petroleum products, asbestos, PCB’s, and any material or substance which is (i) defined as hazardous or extremely hazardous pursuant to §66160 of Title 26 of the California
Code of Regulations, Division 22, (ii) defined as a “hazardous waste” pursuant to §1004 of the Federal Resource Conservation and Recovery Act, 42 USC, §6901 et seq. (42 USC §6903), or (iii) defined as a “hazardous
substance” pursuant to §101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 USC, §9601 et seq. (42 USC §6901). As used herein the term “ Hazardous Material Law” shall mean any statute,
law, ordinance, or regulation of any governmental body or agency (including the US Environmental Protection Agency, the California Regional Water Quality Control Board, and the California Department of Health Services) which regulates the use,
storage, release or disposal of any Hazardous Material. 
 6.6.7 Tenant shall indemnify, defend and hold harmless Landlord, Landlord’s
Agents, any persons holding a security interest in the Premises or any other portion of the Project, and the respective successors and assigns of each of them, for, from and against any and all claims, demands, liabilities, damages, fines, losses
(including without limitation diminution in value), costs (including without limitation the cost of any investigation, remedial, removal or other response action required by Hazardous Materials Laws) and expenses (including without limitation
reasonable attorneys fees and expert fees in connection with any trial, appeal, petition for review or administrative proceeding) arising out of or in any way relating to the use, treatment, storage, generation, transport, release, leak, spill,
disposal or other handling of Hazardous Materials on, under or about the Premises by Tenant or any of Tenant’s Agents or invitees. Landlord’s rights under this Paragraph 6.6.7 are in addition to and not in lieu of any other rights
or remedies to which Landlord may be entitled under this Lease or otherwise. In the event any action is brought against Landlord by reason of any such claim, Tenant shall resist or defend such action or proceeding by counsel reasonably satisfactory
to Landlord upon Landlord’s demand. The obligation to indemnify, defend and hold harmless shall include, without limitation, (A) reasonable costs incurred in connection with investigation of site conditions, (B) reasonable costs of
any cleanup, remedial, removal or restoration work required by any federal, state or local governmental agency or political subdivision with respect to Hazardous Materials, (C) diminution in value of the Premises and/or any other portion of the
Project, (D) damages arising from any adverse impact on marketing of space in the Building and/or any other portion of the Project, (E) reasonable sums paid in settlement of claims, attorneys fees, consultant and laboratory fees and expert
fees, and (F) the value of any loss of the use of the Premises or any other portion of the Project or any part thereof. Tenant’s obligations under this Paragraph 6.6.7 shall survive the expiration or termination of this Lease for
any reason. 
 6.6.8 Landlord represents that Landlord has no actual knowledge of any Hazardous Materials present in the Building in amounts
and conditions which are in violation of Environmental Laws. For purposes of this Paragraph, “ Landlord’s actual knowledge” and “ knowledge” shall be deemed to mean and limited to the current actual knowledge of the Property
Manager at the time of execution of this Lease and not any implied, imputed, or constructive knowledge of said individual or of Landlord or any Landlord of Landlord’s agents, employees or related entities and without any independent
investigation or inquiry having been made or any implied duty to investigate or make any inquiries; it being understood and agreed that such individual shall have no personal liability in any manner whatsoever hereunder or otherwise related to the
transactions contemplated hereby. Notwithstanding the foregoing, Tenant shall not be liable for any cost or expense related to removal, cleaning, abatement or remediation of Hazardous Materials existing in the Premises prior to the date Landlord
tenders possession of the Premises to Tenant, including, without limitation, Hazardous Materials in the ground water or soil, except to the extent that any of the foregoing results directly or indirectly from any act or omission by Tenant or any of
Tenant’s Agents or any Hazardous Materials disturbed, distributed or exacerbated by Tenant or any of Tenant’s Agents. For purposes of this Paragraph 6.6.8, Tenant. not Landlord, shall have the burden to prove with reasonable and
unequivocal documentation that such Hazardous Materials were in fact preexisting in the Premises prior to the date Landlord delivered possession of the Premises to Tenant. 

6.6.9 The obligations of Landlord and Tenant under this Paragraph 6.6 shall survive the expiration or earlier termination of the Lease
Term. The rights and obligations of Landlord and Tenant with respect to issues relating to Hazardous Materials are exclusively established by this Paragraph 6.6. In the event of any inconsistency between any other part of the Lease and this
Paragraph 6.6, the terms of this Paragraph 6.6 shall control. 

  
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	7.	 Utility Charges; Building Maintenance. 

7.1 Utility Charges. 

7.1.1 During the Lease Term, Landlord agrees to provide electricity to the Premises in a manner consistent with the electricity provided to the
Premises as of the date of this Lease. Tenant shall be responsible for and shall pay when due all charges for electricity, natural gas, water, garbage collection, janitorial service, sewer, telephone and all other utilities, materials and services
of any kind furnished to the Premises and/or the Building or used by Tenant in, on or about the Premises and/or the Building during the Lease Term. If charges are not separately metered or stated or otherwise included as part of Operating Expenses,
Landlord shall apportion the utility charges on an equitable basis and Tenant shall pay such charges to Landlord within ten (10) days following receipt by Tenant of Landlord’s statement for such charges. Landlord shall have no liability
resulting from any interruption of utility services caused by fire or other casualty, strike, riot, vandalism, the making of necessary repairs or improvements, or any other cause beyond Landlord’s reasonable control. 

7.1.2 ENERGY STAR®. Tenant understands that Landlord is required under
Applicable Laws to obtain, input and disclose certain benchmarking data for the U.S. Environmental Protection Agency’s ENERGY STAR® Portfolio Manager. Accordingly, within ten
(10) business days following written request therefor from Landlord (and thereafter as set forth below). Tenant will complete, execute and deliver to Landlord a data release authorization for each utility serving the Premises maintained in
Tenant’s name or otherwise for the account of Tenant, in form and substance required by the relevant utility provider, permitting the relevant utility to disclose to Landlord Tenant’s monthly billing data, building square footage,
occupancy type, operational characteristics and other information reasonably required for purposes of inputting the benchmarking data required by the U.S. Environmental Protection Agency’s ENERGY STAR® Portfolio Manager (the “Data Release Authorization”). In addition, if Tenant’s name or entity changes. Tenant shall complete, execute and deliver to Landlord an additional
Data Release Authorization within ten (10) days following receipt of written request therefor from Landlord. 
 7.1.3 Landlord shall not
unreasonably withhold its consent to a telecommunications provider if the telecommunication services affect only the Premises, any agreement between Tenant and such telecommunications provider is terminable at will (and which agreement Tenant hereby
agrees to terminate if reasonably requested by Landlord). Landlord shall have no obligations to such telecommunications provider or any other party either in connection with Tenant’s agreement with such telecommunications provider or otherwise.

 7.2 Landlord Maintenance and Repairs. 

7.2.1 Landlord’s maintenance, repair and replacement obligations which are paid by Landlord and not reimbursed by Tenant are set forth in
this Paragraph 7.2.1. Landlord, at its sole cost and expense (and not as part of Operating Expenses), shall be responsible only for (i) repair and replacement of the foundation of the Building and (ii) repair and replacement of the
structural elements of the Building, except for any damage thereto caused by the negligence or willful acts or omissions of Tenant or of Tenant’s Agents or invitees, or by reason of the failure of Tenant to perform or comply with any terms of
this Lease, or caused by any Alterations made by Tenant or by Tenant’s Agents. The structural elements of the Building shall consists of only the following parts of the Building: the foundation and subflooring, the roof structure (including the
roof membrane), and the exterior walls, interior bearing or structural walls (excluding, however, interior wall surfaces). In addition, the terms “roof” and “walls” as used herein shall not include windows, glass or plate glass,
doors, special store fronts or office entries. 
 7.2.2 Subject to Tenant’s payment of Operating Expenses as set forth below, Landlord
shall also maintain in good order, condition and repair (i) the roof of the Building (including, without limitation, roof replacement), (ii) the Outside Area serving the Premises, (iii) the heating and air conditioning systems and
equipment serving the Premises and the Building, and (iv) the fire and life safety systems and equipment serving the Premises and the Building, except for any damage thereto caused by the negligence or willful acts or omissions of Tenant or of
Tenant’s Agents or invitees, or by reason of the failure of Tenant to perform or comply with any terms of this Lease, or caused by any Alterations made by Tenant or by Tenant’s Agents. Landlord shall at all times have exclusive control of
the Outside Area, including the right to grant easements or other rights of access to third parties, and may at any time temporarily close any part thereof, exclude and restrain anyone from any part thereof, except the bona fide customers, employees
and invitees of Tenant who use the Outside Area in accordance with the rules and regulations as Landlord may from time to time promulgate, and may change the configuration of the Outside Area. In exercising any such rights, Landlord shall make a
reasonable effort to minimize any disruption of Tenant’s business or Tenant’s reasonable access to the Premises and the parking facilities serving the Building. It is an express condition precedent to all obligations of Landlord to repair
that Tenant shall have notified Landlord of the need for such repairs. Tenant waives the provisions of§ 1941 and §1942 of the California Civil Code and any similar or successor law regarding Tenant’s right to make repairs and deduct
the expenses of such repairs from the Rent due under this Lease. 

  
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 7.3 Tenant Maintenance and Repairs. Tenant shall at all times and at its own expense
clean, keep and maintain in good order, condition and repair, and shall replace, every part of the Premises that is not within Landlord’s obligation pursuant to Paragraph 7.2. Tenant’s repair and maintenance obligations shall
include, without limitation, all of the following which are a part of the Premises, which are located in, on or about the Premises, or which are located outside the Premises but exclusively serve the Premises (including Building systems to the point
of connection to the Premises): mechanical, electrical, gas, plumbing, water, exhaust, telephone, other communication, and data systems, fixtures, pipes, conduits, appliances, equipment, facilities, and units; fixtures, interior walls, ceiling,
floors, windows, doors, entrances, plate glass, skylights, and fans; lighting fixtures, ballasts, lamps and non-structural portions of the roof. Tenant shall also be responsible, at its sole cost and expense,
for all pest control in, on, or about the Premises and the Outside Area surrounding the Premises. Tenant shall refrain from any discharge that will damage the septic tank or sewers serving the Premises. If the Premises have a separate entrance,
Tenant shall keep the sidewalks abutting the Premises or the separate entrance free and clear of debris, and obstructions of every kind. 

7.4 Security. Tenant acknowledges and agrees that Tenant is responsible for securing the Premises and that Landlord does not, and shall
not be obligated to, provide any police personnel or other security services or systems for any portion of the Premises, Building, Outside Area and/or Project. 

7.5 Interference. Landlord shall have no liability for interference with Tenant’s use when making alterations, improvements or
repairs to the Building, Outside Area or the Project provided the work is performed in a reasonable manner; provided that in exercising any rights under this Paragraph 7, Landlord shall make a reasonable effort to minimize any disruption of
Tenant’s business or Tenant’s reasonable access to the Premises and the parking facilities serving the Building. 
  

	8.	 Taxes, Assessments and Operating Expenses. 

8.1 Payments. Tenant shall pay Landlord monthly, as Additional Rent, Tenant’s proportionate share of Operating Expenses and Taxes
which are, as reasonably determined by Landlord, allocable or attributable to the Building, the parcel on which the Building is located, and/or the Outside Area within the parcel on which the Building is located or such other Outside Area which
serve the Project; provided, however, and notwithstanding any provision of this Lease to the contrary, Tenant shall pay Landlord, in accordance with this Paragraph 8, the entire amount (and not just Tenant’s proportionate share) of any
Operating Expense incurred by Landlord which relates solely to the Premises or which are incurred solely for or on behalf of Tenant. Commencing on the Commencement Date (subject to Paragraph 3) and thereafter in advance on the first (1st) day
of each month during the Lease Term, Tenant shall pay a monthly sum as Additional Rent representing Tenant’s proportionate share of Taxes and Operating Expenses. The foregoing estimated monthly charges may be adjusted by Landlord at the end of
any calendar quarter on the basis of Landlord’s experience and reasonably anticipated costs. Any such adjustment shall be effective as of the calendar month next succeeding receipt by Tenant of written notice of such adjustment. Within one
hundred eighty (180) days following the end of each calendar year, or as soon thereafter as is reasonably possible, Landlord shall furnish Tenant a statement of such actual expenses (“Actual Expenses”) for the calendar year and
the payments made by Tenant with respect to such period. If Tenant’s payments for Operating Expenses and Taxes do not equal the amount of the Actual Expenses, Tenant shall pay Landlord the deficiency within thirty (30) days after receipt
of such statement. lf Tenant’s payments exceed the Actual Expenses, Landlord shall offset the excess against the Operating Expenses thereafter becoming due to Landlord or, if this Lease has terminated, promptly refund any remaining amount to
Tenant. There shall be appropriate adjustments of Operating Expenses and Taxes as of the Commencement Date and expiration of the Lease Term. However, if Landlord fails to furnish Tenant a statement of the Actual Expenses for a given calendar year
within twenty-four (24) months after the end of the last calendar year of the Lease Term (as the same may be extended) and such failure continues for an additional thirty (30) days after Landlord’s receipt of a written request from
Tenant that such statement of the Actual Expenses is furnished, Landlord shall be deemed to have waived any rights to recover any underpayment of Operating Expenses for such calendar year from Tenant (except to the extent such underpayment is
attributable to a default by Tenant in its obligation to make estimated payments of Operating Expenses), and Tenant shall be deemed to have waived any credit regarding overpayment of Operating Expenses; provided that such twenty-four (24) month
time limit shall not apply to Taxes. Further, in no event shall the foregoing provision describing the time period during which Landlord is to deliver the statement of Actual Expenses in any manner limit or otherwise prejudice Landlord’s right
to modify such statement of Actual Expenses after such time period if new, additional or different information relating to such statement of Actual Expenses is discovered or otherwise determined. 

8.2 Tenant’s Proportionate Share. Tenant’s proportionate share of Taxes shall mean that percentage which the Premises Area set
forth in the Basic Lease Terms bears to the total rentable square footage of all buildings in the Project located on the same Tax Parcel as the Building. Tenant’s proportionate share of Operating Expenses for the Building shall be computed by
dividing the Premises Area by the total rentable area of the Building (provided, however, for Operating Expenses that are Project expenses, Tenant’s proportionate share shall be computed by dividing the Premises Area by the total rentable area
of the Project). If in Landlord’s reasonable judgment either of these methods of allocation results in an inappropriate allocation to Tenant, Landlord shall select some other reasonable method of determining Tenant’s proportionate share.

  
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 8.3 Taxes Charged. As used herein, “Taxes” means any form of
assessment, license, fee, rent tax. levy, penalty (if a result of Tenant’s delinquency), or tax, imposed by any authority having the direct or indirect power to tax, or by any city, county, state or federal government or any improvement or
other district or division thereof, whether such tax is: (i) determined by the area of the tax parcel in which the Building is located (the “Tax Parcel”) or any part thereof or the rent and other sums payable hereunder by
Tenant or by other tenants, including, but not limited to, any gross income or excise tax levied by any of the foregoing authorities with respect to receipt of such rent or other sums due under this Lease; (ii) imposed upon any legal or
equitable interest of Landlord in the Tax Parcel or the Premises or any part thereof; (iii) imposed upon this transaction or any document to which Tenant is a party creating or transferring any interest in the Tax Parcel; (iv) levied or
assessed in lieu of, in substitution for, or in addition to, existing or additional taxes against the Tax Parcel whether or not now customary or within the contemplation of the parties; (v) imposed as a special assessment for such purposes as
fire protection, street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services; or (vi) imposed as a result of any transfer of any interest in the Tax Parcel by Landlord, or the construction of
any improvements thereon or thereto. Tenant shall not, however, be obligated to pay (and the term “ Taxes” shall not include) (i) any tax based upon Landlord’s net income, estate and inheritance taxes, transfer taxes or franchise
taxes; or (ii) any charges or penalties or interest accrued through Landlord’s nonpayment or late payment of taxes or assessments. This Paragraph 8.3 is not intended to be duplicative in any way of Paragraph 8.4 below and
Tenant shall have no obligation to pay any Taxes under this Paragraph 8.3 to the extent the same are payable by Tenant under Paragraph 8.4 and vice-versa. In addition, Tenant shall be liable for all taxes levied or assessed against any
personal property or fixtures placed in the Premises and, when possible, shall cause such taxes to be assessed and billed separately from the real or personal property of Landlord. If any such taxes are levied or assessed against Landlord or
Landlord’s property and (i) Landlord pays the same or (ii) the assessed value of Landlord’s property is increased by inclusion of such personal property and fixtures and Landlord pays the increased taxes, then, within thirty
(30) days following receipt by Tenant of a copy of the applicable tax bill with Landlord’s written request for payment thereof, Tenant shall pay to Landlord such taxes as part of Tenant’s payment of Taxes. 

8.4 Operating Expenses. 

8.4.1 “Operating Expenses” charged to Tenant hereunder shall mean all costs and expenses of any kind or nature whatsoever
incurred by Landlord in connection with the ownership, operation, management (provided that in no event shall the management fees for the Project (expressed as a percentage of gross receipts for the Project) exceed three and one-half percent (3.5%) of such gross receipts), maintenance, and repair of the Premises, the Building, the Outside Area and/or any other portions of the Project, including, without limitation the following: the
costs and charges of performing Landlord’s obligations under Paragraph 7.2.2; the cost of annual roof inspections; all charges, costs, expenses, wages, services, benefits, insurance and payroll taxes or fees for all parties (including
employees, contractors, or affiliates of Landlord) providing services in connection with the operation, maintenance, repair, supervision and/or security of the Premises, the Outside Area, and/or any other portions of the Project (provided that
Landlord, in its sole and absolute discretion, may, but shall not be obligated to, provide any security services for the Building, the Outside Area, and/or any other portions of the Project), including taxes, insurance and benefits relating thereto;
the rental cost and overhead of any office and storage space used to provide such services; cost of all supplies, materials and labor used in the operation, repair, replacement and maintenance of the Premises, the Building, the Outside Area and/or
any other portions of the Project; all cost of repairs and general maintenance of the Building, the Outside Area, and/or any portions of the Project (excluding repairs and general maintenance paid for by proceeds of insurance or by Tenant or other
third parties); all cost of repairs and general maintenance of the HVAC system for the Premises, including without limitation, the costs of preventative maintenance contracts and other periodic inspections; all costs of resurfacing and restriping of
the parking areas of the Project; all cost of painting, sweeping, maintenance and repair of sidewalks, fountains, curbs and signs, landscape sprinkler systems, irrigation water, planting and landscaping; all cost of lighting, water, electricity and
other utilities for or serving the Building and/or the Outside Area; all cost of installing, maintaining, or repairing directional signs and other markers and bumpers; all cost of maintenance and repair of any fire protection systems, lighting
systems, sewer systems, storm drainage systems, and any other utility system for or serving the Outside Area; all cost of garbage, trash, rubbish and waste removal other than as required to be provided by Tenant under Paragraph 7.1; all costs
with respect to repairs and maintenance of utility facilities (including pipes and conduits) serving more than one tenant; depreciation on maintenance and operating machinery and equipment (if owned) and rental paid for such machinery and equipment
(if rented); premiums for commercial liability insurance covering the Premises and/or the Project; premiums for all risk or Causes of Loss-special form insurance and, at Landlord’s option, earthquake insurance on the Building; premiums for
insurance against loss of rents for a period of twelve (12) months from the date of the loss; the management fee for the manager of the Project; and all cost of any capital improvements made to the Building, the Outside Area, and/or any other
portions of the Project reasonably intended to reduce operating costs, to comply with governmental rules and regulations first enacted (or interpreted and enforced) after the date of this Lease, to replace the roof (including the roof membrane) of
the Building (to the extent Landlord determines such replacement reasonably necessary), to replace the heating, ventilation and air conditioning (HYAC) system for the Premises (to the extent Landlord determines such replacement reasonably
necessary), or to resurface the parking areas of the Project. The cost of any capital improvements, together with interest thereon at the interest rate provided in Paragraph 26.2, shall be amortized over the useful life of the improvement and
only the annual amortized cost of such item shall be included in Operating Expenses annually. Landlord agrees to act in a commercially reasonable manner in incurring Operating Expenses, taking into consideration the class and the quality of the
Building and shall extrapolate Operating Expenses in accordance with the methodology used to extrapolate Operating Expenses in comparable buildings owned by Landlord and its affiliates in the geographic area in which the Building is located. 

  
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 8.4.2 Notwithstanding anything to the contrary contained in this Lease, Operating Expenses
shall not include the following: (i) costs expended in the original construction of the Building and the Outside Area; (ii) depreciation, interest and principal payments on mortgages, ground rents, and other debt costs, if any;
(iii) expenses resulting from the sole negligence of Landlord or Landlord’s Agents; (iv) legal fees, leasing commissions, advertising expenses and other expenses incurred in connection with the leasing of the Project; (v) costs
for which Landlord is reimbursed by insurance; (vi) fines, penalties, and interest; (vii) costs incurred by Landlord to correct defects in the construction of the Building or the Outside Area; (viii) costs of alterations or
improvements made to the premises of other tenants of the Project; (ix) costs associated with Landlord’s relocation of any tenant in the Building; (x) sums (other than management fees, it being agreed that the management fees included
in Expenses are as described in Paragraph 8.4.1 above) paid to subsidiaries or other affiliates of Landlord for services on or to the Building and/or Premises, but only to the extent that the costs of such services exceed the competitive cost
for such services rendered by persons or entities of similar skill, competence and experience; (xi) any expenses for which Landlord has received actual reimbursement (other than through Operating Expenses); (xii) attorney’s fees and other
expenses incurred in connection with negotiations or disputes with prospective tenants or tenants or other occupants of the Building; (xiii) salaries or fringe benefits of employees whose time is not spent directly and solely in the operation
of the Property, provided that if any employee performs services in connection with the Building and other buildings, costs associated with such employee may be proportionately included in Operating Expenses based on the percentage of time such
employee spends in connection with the operation, maintenance and management of the Building; (xiv) any cost or expense related to removal, cleaning, abatement or remediation of Hazardous Materials existing as of the date of this Lease in or
about the Building, common areas or project except to the extent such removal, cleaning, abatement or remediation is related to the general repair and maintenance of the Building; (xv) the cost of complying with any Applicable Laws in effect
(and as interpreted and enforced) on the date of this Lease, provided that if any portion of the Building that was in compliance with all applicable Laws on the date of this Lease becomes out of compliance due to normal wear and tear, the cost of
bringing such portion of the Building into compliance shall be included in Operating Expenses unless otherwise excluded pursuant to the terms hereof; (xvi) except as specifically provided above in Paragraph 8.4.1 above, any capital
improvement costs; (xvii) advertising and promotional expenditures; (xviii) all bad debt loss, rent loss, or reserves for bad debt or rent loss; (xix) all costs associated with the operation of the business of the entity which
constitutes “Landlord” (as distinguished from the costs of operating, maintaining, repairing and managing the Building) including, but not limited to, Landlord’s or Landlord’s managing agent’s general corporate overhead and
general administrative expenses; (xx) attorney’s fees and disbursements, brokerage commissions, transfer taxes, recording costs and taxes, title insurance premiums, title closer’s fees and gratuities and other similar costs incurred
in connection with the sale or transfer of an interest in Landlord or the Building; and (xxi) costs of services provided to other tenants in the Building or the Project which are not provided to Tenant. 

8.4.3 Tenant may, within one hundred twenty (120) days after receiving the statement of Actual Expenses, give Landlord written notice
(“Review Notice”) that Tenant intends to review Landlord’s records of the Operating Expenses for that calendar year. Within a reasonable time after receipt of the Review Notice, Landlord shall make all pertinent records
available for inspection that are reasonably necessary for Tenant to conduct its review. The records obtained by Tenant shall be treated as confidential and at Landlord’s request, Tenant shall enter into a confidentiality agreement pertaining
to all such records and any other information disclosed to Tenant in connection with its review. If any records are maintained at a location other than the office of the Building, Tenant may either inspect the records at such other location or pay
for the reasonable cost of copying and shipping the records. If Tenant retains an agent to review Landlord’s records, the agent must be with a licensed, independent CPA firm to perform such review it shall be one of national standing which is
reasonably acceptable to Landlord, is not compensated on a contingency basis and is also subject to such confidentiality agreement. Tenant shall be solely responsible for all costs, expenses and fees incurred for the audit. However, notwithstanding
the foregoing, if Landlord and Tenant determine that Operating Expenses for the year in question were less than stated by more than five (5%), Landlord, within thirty (30) days after its receipt of paid invoices therefor from Tenant, shall
reimburse Tenant for the reasonable amounts paid by Tenant to third parties in connection with such review by Tenant in accordance with this Paragraph 8.4.3 (not to exceed $1,000.00). Within ninety (90) days after the records are made available
to Tenant, Tenant shall have the right to give Landlord written notice (an “Objection Notice”) stating in reasonable detail any objection to Landlord’s statement of Operating Expenses for that year. If Tenant fails to give
Landlord an Objection Notice within the ninety (90) day period or fails to provide Landlord with a Review Notice within the one hundred twenty (120) day period described above, Tenant shall be deemed to have approved the statement of
Actual Expenses and shall be barred from raising any claims regarding Operating Expenses for that calendar year. If Tenant provides Landlord with a timely Objection Notice, Landlord and Tenant shall work together in good faith to resolve any issues
raised in Tenant’s Objection Notice. If Landlord and Tenant determine that Operating Expenses for the calendar year in question are les s than reported, Landlord shall provide Tenant with a credit against the next installment of Base Rent in
the amount of the overpayment by Tenant. Likewise, if Landlord and Tenant determine that Operating Expenses for the calendar year in question are greater than reported, Tenant shall pay Landlord the amount of any underpayment within thirty
(30) days. In no event shall Tenant be permitted to examine Landlord’s records or to dispute any statement of Actual Expenses unless Tenant has paid and continues to pay all Rent when due. 

 

	9.	 Parking. 

Subject to the provisions of this Paragraph 9, Tenant, Tenant’s Agents and invitees shall have the
non-exclusive right to use the common driveways and truck court areas located in the Outside Area, subject to the parking rights and rights of ingress and egress of other occupants. In addition, Tenant,
Tenant’s Agents and invitees shall have the non-exclusive right to use up to thirty-nine (39) parking spaces (i.e., 3.85 spaces per 1,000 rentable square feet of the Premises) in the parking
facilities which serve the Premises. Tenant’s parking shall not be reserved and shall be limited to vehicles no larger than standard size automobiles, or 

  
 18 

 
standard size trucks, standard size service vans or sport utility vehicles. Under no circumstances shall overnight parking be allowed, nor shall trucks, trailers or other large vehicles serving
the Premises (i) be used for any purpose other than for the loading and unloading of goods and materials or (ii) be permitted to block streets and/or ingress and egress to and from the Project or (iii) be parked inside any portion of
the Premises or the Building. Temporary parking of large delivery vehicles in the Project may be permitted only with Landlord’s prior written consent. Vehicles shall be parked only in striped parking spaces and not in driveways, loading areas
or other locations not specifically designated for parking. Handicapped spaces shall only be used by those legally permitted to use them. Per Paragraph 1.6 of this Lease, Landlord reserves the right to grant parking rights (exclusive and otherwise)
within the relevant portions of the Outside Area to occupants of the Project. 
  

	10.	 Indemnification. 

10.1 Indemnification by Tenant. Except to the extent waived by Paragraph 11.3, Tenant hereby agrees to defend (with counsel
reasonably satisfactory to Landlord or Landlord’s Agents, as applicable), indemnify and hold harmless Landlord and Landlord’s Agents from and against any and all claims, damage, loss, liability or expense including attorneys’ fees and
legal costs (collectively, “Losses”) suffered directly or by reason of any claim, suit or judgment brought by or in favor of any person or persons for damage, loss or expense due to, but not limited to, bodily injury and property
damage sustained by such person or persons which arises out of, is occasioned by or in any way attributable Tenant’s use or occupancy of the Premises, the Project, or any part thereof and adjacent areas, the acts or omissions of the Tenant
and/or Tenant’s Agents, except to the extent caused by the negligence or willful misconduct of Landlord or Landlord’s Agents. Tenant agrees that the obligations assumed herein shall survive the termination or expiration of this Lease. The
foregoing indemnity shall not apply, however, to any claims, damage, loss, liability or expense arising out of or in connection with the presence of any Hazardous Materials in, on or about the Premises or the Project, which indemnity shall be
governed solely by the provisions of Paragraph 6.6. 
 10.2 Indemnification by Landlord. Landlord shall protect, indemnify and
bold Tenant harmless from and against any and all loss, claims, liability or costs (including court costs and reasonable attorneys’ fees) incurred by reason of any damage to any property (including but not limited to property of Tenant) or any
injury (including but not limited to death) to any person occurring in, on or about the common areas of the Building to the extent that such injury or damage shall be caused by or arise solely from the gross negligence or willful misconduct of
Landlord. 
 10.3 Survival. The provisions of this Paragraph 10 shall survive the termination of this Lease with respect to any
claims or liability accruing prior to such termination. 
  

	11.	 Insurance; Waiver of Subrogation. 

11.1 Landlord. During the Lease Term, Landlord shall keep the Building insured against fire and other risks covered by a “Causes of
Loss-Special Form” property insurance policy and against such other losses (including, without limitation, inflation endorsement, sprinkler leakage endorsement, earthquake, earth movement and flood coverage, and/or boiler and machinery
insurance) as Landlord may reasonably determine, excluding coverage of all Alterations made by Tenant and Tenant’s personal property located on or in the Premises. Such insurance shall also include insurance against loss of rents on a
“Causes of Loss-special Form” basis, including, at Landlord’s option, earthquake, earth movement and flood, in an amount equal to the Base Rent and Additional Rent, and any other sums payable under the Lease, for a period of at least
twelve (12) months commencing on the date of loss. Such insurance shall name Landlord’s Agents as additional insureds and include a lender’s loss payable endorsement in favor of Landlord’s lender. If the premiums for such
insurance are increased after the Commencement Date due to an increase in the value of the Building or its replacement cost, Tenant’s Percentage of such increase shall be included in Operating Expenses (provided that if such increase is not
included as part of Operating Expenses, then Tenant shall pay Tenant’s Percentage of such increase within thirty (30) days after Landlord’s written demand therefor). If such premiums are increased due to Tenant’s use of the
Premises, improvements installed by Tenant or any other cause solely attributable to Tenant, Tenant shall pay the full amount of the increase within ten (10) business days of notice of such increase. 

11.2 Tenant. 
 11.2.1
Tenant shall keep all of Tenant’s property on the Premises insured against fire and other risks covered by a “Causes of Loss-Special Form” property insurance policy in an amount equal to the replacement cost of such property, the
proceeds of which shall, so Jong as this Lease is in effect, be used for the repair or replacement of the property so insured. Tenant shall also carry commercial general liability insurance written on an occurrence basis with policy limits of not
less than Five Million and No/100 Dollars ($5,000,000) each occurrence, which includes blanket contractual liability broad form property damage, personal injury, completed operations and products liability. So long as the coverage afforded Landlord,
the other additional insureds and any designees of Landlord shall not be reduced or otherwise adversely affected, all or part of Tenant’s insurance may be carried under a blanket policy covering the Premises and any other of Tenant’s
locations, or by means of a so called “ Umbrella” policy. In addition, if Tenant’s use of the Premises includes any activity or matter that would be excluded from coverage under a commercial general liability policy, Tenant shall
obtain such endorsements to the commercial general liability policy or otherwise obtain insurance to insure all liability arising from such activity or matter in such amounts as Landlord may reasonably require. The insurance required to be
maintained by Tenant under this Lease shall be primary coverage; any insurance required to be maintained by Landlord under this Lease shall be secondary coverage. 

  
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 11.2.2 Such commercial general liability insurance shall be (i) provided by an insurer
or insurers who are approved to issue insurance policies in the State in which the Premises is located and have an A.M. Best financial strength rating of A- or better and financial size category not less than
VIII in the most current edition of Best’s Insurance Reports, and (ii) shall be evidenced by a certificate delivered to Landlord on or prior to the Commencement Date and annually thereafter, Tenant’s insurance carriers will provide
thirty (30) days advanced notice to Landlord of any cancellation or non-renewal or adverse change of a policy and ten (10) days advanced notice to Landlord of any
non-payment of a premium. Landlord and Landlord’s Agents shall be named as an additional insured on such policy together with, upon written request from Landlord, Landlord’s mortgagee. If Tenant
fails to procure and maintain the insurance required hereunder, Landlord may, but shall not be required to, order such insurance at Tenant’s expense and Tenant shall reimburse Landlord. Such reimbursement shall include all costs incurred by
Landlord including Landlord’s reasonable attorneys’ fees, with interest thereon at the interest rate provided in Paragraph 26.2. 

11.3 Waiver of Subrogation. Landlord and Tenant each hereby releases the other, and the other’s partners, officers, directors,
members, agents and employees, from any and all liability and responsibility to the releasing party and to anyone claiming by or through it or under it, by way of subrogation or otherwise, for all claims, or demands whatsoever which arise out of
damage or destruction of property occasioned by perils which can be insured by a “ Causes of Loss - Special Form” and/or “special coverage” insurance form, including endorsements extending coverage to the perils of earthquake,
earth movement and flood. Landlord and Tenant grant this release on behalf of themselves and their respective insurance companies and each represents and warrants to the other that it is authorized by its respective insurance company to grant the
waiver of subrogation contained in this Paragraph 11.3. This release and waiver shall be binding upon the parties whether or not insurance coverage is in force at the time of the loss or destruction of property referred to in this
Paragraph 11.3. 
 11.4 Co-Insurer. If, on account of the failure of Tenant to comply
with the foregoing provisions, Landlord is adjudged a co-insurer by its insurance carrier, then, any loss or damage Landlord shall sustain by reason thereof, including attorneys’ fees and costs, shall be
borne by Tenant and shall be immediately paid by Tenant upon receipt of a bill therefor and evidence of such loss. 
 11.5 Landlord’s
Disclaimer. Landlord and Landlord’s Agents shall not be liable for any loss or damage to persons or property resulting from fire, explosion, falling plaster, glass, tile or sheetrock, steam, gas, electricity, water or rain which may leak
from any part of the Building or from the pipes, appliances or plumbing works therein or from the roof, street or subsurface, or any other cause whatsoever, unless caused by or due to the sole negligence or willful acts of Landlord or
Landlord’s Agents acting within the scope of their formal duties. Tenant shall give prompt written notice to Landlord in case of a casualty, accident or repair needed in the Premises. 

 

	12.	 Property Damage. 

12.1 Notice; Total Destruction. Tenant shall immediately give written notice to Landlord if the Premises or the Building are damaged or
destroyed (a “Damage or Destruction Notice”). If the Premises or the Building should be totally destroyed or so damaged by an insured peril in an amount exceeding forty percent (40%) of the full construction replacement cost of the
Building or Premises, respectively (as used herein, the “Damage Threshold”), Landlord may elect to terminate this Lease as of the date of the damage by notice of termination in writing to Tenant within thirty (30) days after
such date, in which event all unaccrued rights and obligations of the parties under this Lease shall cease and terminate except to the extent such obligations specifically survive termination of this Lease. If Landlord does not elect to terminate
this Lease in accordance with the foregoing, then within ninety (90) days after Landlord’s receipt of Tenant’s Damage or Destruction Notice, Landlord shall notify Tenant (a “Repair Estimate”) of Landlord’s
estimate of the time that will be required to materially restore the Premises. Tenant shall have the right to terminate this Lease if: (a) a substantial portion of the Premises has been damaged by a fire or other casualty and Landlord’s
Repair Estimate provides that such damage cannot reasonably be repaired (as reasonably determined by Landlord) within two hundred (200) days after Landlord’s receipt of all required permits to restore the Premises; (b) the casualty
was not caused by the negligence or willful misconduct of Tenant or any of Tenant’s Agents; and (c) Tenant provides Landlord with written notice of its intent to terminate within thirty (30) days after the date of Landlord’s
Repair Estimate. 
 12.2 ion material restoration of the Premises can reasonably be completed within two hundred days from the date of such
notice and receipt of required permits for such restoration 
 12.3 Partial Destruction. If the Building or the Premises should be
damaged by an insured peril which does not meet the Damage Threshold, or if damage or destruction meeting the Damage Threshold occurs but Landlord does not elect to terminate this Lease, this Lease shall not terminate and Landlord shall restore the
Premises to substantially its previous condition, except that Landlord shall not be required to rebuild, repair or replace any part of the partitions, fixtures, Alterations, additions and other 

  
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improvements required to be covered by Tenant’s insurance pursuant to Paragraph 11.2. If the Premises are untenantable in whole or part during the period commencing upon the date of
the occurrence of such damage and ending upon substantial completion of Landlord’s required repairs or rebuilding, Rent shall be reduced during such period to the extent the Premises are not reasonably usable by Tenant for the Permitted Use.

 12.4 Damage Near End of Lease Term. If the damage to the Premises or Building occurs during the last twelve (12) months of the
Lease Term in an amount exceeding twenty-five percent (25%) of the full construction replacement cost of the Building or Premises, respectively, either Landlord or Tenant may elect to terminate this Lease as of the date the damage occurred,
regardless of the sufficiency of any insurance proceeds. The party electing to terminate this Lease shall give written notification to the other party of such election within thirty (30) days after Tenant’s notice to Landlord of the
occurrence of the damage, in which event all unaccrued rights and obligations of the parties under this Lease shall cease and terminate except to the extent such obligations specifically survive termination of this Lease. 

12.5 Repair of Damage. All repairs made by Landlord pursuant to this Paragraph 12 shall be accomplished as soon as is reasonably
possible, subject to force majeure as described in Paragraph 26.1. Landlord’s good faith estimate of the cost of repairs of any damage, or of the replacement cost of the Premises or the Building, shall be conclusive as between Landlord
and Tenant. The repair and restoration of the Premises shall be made pursuant to plans and specifications developed by Landlord in Landlord’s sole and absolute discretion and judgment, and such plans and specifications shall exclude all
equipment, fixtures, improvements and Alterations installed by Tenant. All insurance proceeds for repairs shall be payable solely to Landlord, and Tenant shall have no interest therein. Nothing herein shall be construed to obligate Landlord to
expend monies in excess of the insurance proceeds received by Landlord. Landlord shall be responsible for the insurance deductible, unless the loss is caused by the negligent or willful acts of Tenant or Tenant’s Agents, in which case, and
notwithstanding the provisions of Paragraph 11.3, Tenant shall be responsible for the amount of the deductible. Notwithstanding any provision to the contrary, Landlord’s obligation, should it elect or be obligated to repair or rebuild,
shall be limited to the Premises or the Building as the same existed immediately prior to the casualty, excluding, however, Landlord’s Work and any Alterations made by Tenant. 

12.6 Other Damage. If the Premises or the Building is substantially or totally destroyed by any cause whatsoever which is not covered by
the foregoing provisions of this Paragraph 12, this Lease shall terminate as of the date the destruction occurred; provided, however, that if the damage does not meet the Damage Threshold, Landlord may elect (but will not be required) to
rebuild the Premises at Landlord’s own expense, in which case this Lease shall remain in full force and effect (subject to the terms of Paragraph 12.1 above). Landlord shall notify Tenant of such election within thirty (30) days after the
casualty. 
 12.7 Insurance Proceeds Payable to Landlord. Notwithstanding anything to the contrary, in the event of any termination of
this Lease as provided in this Paragraph 12, all insurance proceeds payable under policies maintained by Tenant covering Landlord’s Work and the Alterations made by Tenant shall be assigned and paid to Landlord. 

 

	13.	 Condemnation. 

13.1 Partial Taking. If a portion of the Premises and/or the Outside Area serving the Premises is condemned and Paragraph 13.2
does not apply, this Lease shall continue on the following terms: 
 13.1.1 Landlord shall be entitled to all of the proceeds of
condemnation, and Tenant shall have no claim against Landlord as a result of the condemnation. Tenant shall, however, be entitled to make a separate claim for moving and relocation expenses and other damages suffered by Tenant, and Landlord agrees
to reasonably cooperate, at no additional cost to Landlord, with Tenant to the extent such claim must be submitted with those of Landlord provided that in no event shall Landlord’s award be reduced by any claim made by Tenant. 

13.1.2 Landlord shall proceed as soon as reasonably possible to make such repairs and alterations to the Premises as are necessary to restore
the remaining Premises and/or the remaining Outside Area serving the Premises to a condition as comparable as reasonably practicable to that existing at the time of condemnation. Landlord need not incur expenses for restoration in excess of the
amount of condemnation proceeds received by Landlord after payment of all reasonable costs, expenses and attorneys’ fees incurred by Landlord in connection therewith. 

13.1.3 Rent shall be abated during the period of restoration to the extent the Premises are not reasonably usable by Tenant for the use
permitted by Paragraph 6.1, and rent shall be reduced for the remainder of the Lease Term in an amount equal to the reduction in rental value of the Premises caused by the taking. 

13.1.4 If more than fifty percent (50%) of the rentable square feet of the Premises is subject to condemnation, or if access to the Premises
is substantially impaired, in each case for a period in excess of one hundred eighty (180) days, Tenant shall have the option to terminate this Lease effective as of the date of initial occupancy by the condemning authority and any such award
shall be distributed in accordance with this Paragraph. 

  
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 13.2 Total Taking. If a condemning authority takes the entire Premises or a portion
sufficient to render the remainder unsuitable for Tenant’s use, then either party may elect to terminate this Lease effective on the date that title passes to the condemning authority. Landlord shall be entitled to all of the proceeds of
condemnation, and Tenant shall have no claim against Landlord as a result of such condemnation. Tenant shall, however, be entitled to make a separate claim for moving and relocation expenses and other damages suffered by Tenant, and Landlord agrees
to reasonably cooperate, at no additional cost to Landlord, with Tenant to the extent such claim must be submitted with those of Landlord provided that in no event shall Landlord’s award be reduced by any claim made by Tenant. 

13.3 Statutory Waiver. Each party hereby waives the provisions of §1265.130 of the California Code of Civil Procedure allowing
either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Project or Premises. 
  

	14.	 Assignment, Subletting and Other Transfers. 

14.1 General. Except with respect to a Permitted Transfer (as defined below), neither the Lease nor any part of the Premises may be
assigned, mortgaged, subleased or otherwise transferred, nor may a right of use of any portion of the Premises be conferred on any person or entity by any other means, without the prior written consent of Landlord which shall not be unreasonably
withheld, conditioned or delayed. Prior to effectuating any such assignment, sublease or other transfer, Tenant shall notify Landlord in writing of the name and address of the proposed transferee, and deliver to Landlord with such notice a true and
complete copy of the proposed assignment agreement, sublease or other occupancy agreement, current financial statements of such proposed transferee, a statement of the use of the Premises by such proposed transferee and such other information or
documents as may be reasonably necessary or appropriate to enable Landlord to determine the qualifications of the proposed transferee together with a request that Landlord consent thereto (“Tenant’s Notice”). Without limiting
Landlord’s ability to deny or condition consent for any other reason, it shall not be considered unreasonable if Landlord’s consent to a proposed sublease, assignment or other transfer is denied based on the following: (i) the
business of the proposed transferee (A) is not, in Landlord’s reasonable judgment, compatible with the nature and character of the Project or the businesses in the Project and/or (B) will conflict with any exclusive uses or use
restrictions that Landlord has granted to other occupants of the Project, (ii) the financial strength of the proposed transferee is not at least equal to the financial strength of Tenant either at the time Tenant entered into this Lease or at
the time of the proposed transfer (whichever is greater), (iii) the proposed transferee will excessively overpark the Building and/or the Project with automobiles or trucks (excessively overpark shall mean that the proposed transferee’s parking
will violate local parking restrictions or will interfere with other tenants occupying the Building or the Project), (iv) the proposed transferee cannot demonstrate to Landlord’s reasonable satisfaction the management skills or experience
necessary, in Landlord’s reasonable opinion, to be successful in the Premises, (v) the proposed transferee has a record of environmental contamination or their anticipated use of the Premises involves the generation, storage, use, sale,
treatment, release or disposal of any Hazardous Materials, (vi) the proposed form of sublease, assignment or other occupancy agreement is unacceptable (unacceptable form of sublease, assignment or other occupancy agreement shall mean that the
content and format of the form are not consistent with the terms of this Lease or the CC&R’s or are not consistent with the terms and requirements of Landlord’s loan documents for the Building), (vii) the proposed transferee is a
governmental entity or agency or non-profit entity, (viii) the rent to be charged by Tenant to such transferee is less than eighty percent (80%) of the total rent then being offered by Landlord or its
affiliates for other available space at the Project; or (ix) the proposed transferee is a party with whom Landlord has been, within the prior six (6) months, negotiating to lease space at the Project. Any attempted assignment, subletting,
transfer or encumbrance by Tenant in violation of the terms and covenants of this Paragraph 14.1 shall be void. Notwithstanding the foregoing, if Tenant is a corporation, so long as Tenant is publicly traded on a major over-the-counter stock exchange, the ordinary transfer of shares over the counter shall be deemed not to be a transfer for purposes of this Paragraph 14. In addition,
the terms of this Paragraph 14 shall not apply to the infusion of additional equity capital in Tenant or an initial public offering of equity securities of Tenant under the Securities Act of 1933, as amended, which results in Tenant’s
stock being traded on a national securities exchange, including, but not limited to, the NYSE, the NASDAQ Stock Market or the NASDAQ Small Cap Market System. 

14.2 Landlord’s Alternatives. Except in the event of a Permitted Transfer (which shall not be subject to the provisions of this
Paragraph 14.2), within thirty (30) days after Landlord’s receipt of the information specified in Paragraph 14.1, Landlord shall, by written notice to Tenant, elect: (i) if (A) the proposed transfer is a sublease of the
entire Premises, then to terminate this Lease as of the commencement date stated in the proposed sublease with respect to all of the Premises Tenant proposes to sublease; (B) the proposed transfer is a sublease that would (1) result in
thirty percent (30%) or more of the Premises being subject to the sublease, or (2) be for a term of more than thirty percent (30%) of the then-remaining Lease Term, to recapture the portion of the Premises to be sublet effective as of the
commencement date stated in the proposed sublease; or (C) the proposed transfer is an assignment of Tenant’s interest in the Lease, then to terminate this Lease as of the commencement date stated in the proposed assignment; (ii) to
consent to the transfer by Tenant; or (iii) to refuse its consent to the transfer. If Landlord proceeds under clause (ii) of this Paragraph 14.2 and consents to the transfer, Tenant may thereafter enter into a valid sublet of the
Premises or portion thereof, upon the terms and conditions and with the proposed transferee set forth in the information furnished by Tenant to Landlord pursuant to Paragraph 14.1, subject, however, to the requirements of Paragraph
14.4. 

  
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 14.3 Permitted Transfer. Notwithstanding the foregoing, and subject to Paragraph
6.1 of this Lease regarding the use of the Premises and Paragraph 6.6, Landlord’s prior written consent shall not be required for an assignment of this Lease or a sublease of the entire Premises to any of the following transferees (each
such transferee being a “Permitted Transferee”): (i) an Affiliate (hereafter defined in this Paragraph 14.3) of Tenant; (ii) a corporation or other valid entity into which Tenant merges or consolidates; and (iii) a
transferee that purchases all of, or at least ninety percent (90%) of, Tenant’s assets or equity interests. The assignment of this Lease to or a sublease of the entire Premises to a Permitted Transferee shall be subject to the following
conditions: (A) Tenant shall give Landlord prior written notice of the name of any such assignee or subtenant (provided that, if prohibited by legally binding confidentiality agreement or by Applicable Laws in connection with a proposed
purchase, merger, consolidation or reorganization, then Tenant shall give Landlord written notice within ten (10) days after the effective date of the proposed purchase, merger, consolidation or reorganization); (B) any assignee shall assume,
in writing, for the benefit of Landlord all of Tenant’s obligations under this Lease, and any subtenant shall agree, in writing, for the benefit of Landlord that such sublease is subject to and subordinate to this Lease; (C) the Tenant
shall not be released from any obligations under this Lease; and (D) the Permitted Transferee shall have a tangible net worth which is at least equal to Tenant’s tangible net worth on the Effective Date. The term
“Affiliate” as used herein shall mean any partnership, limited liability company, or corporation, which directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with another
partnership, limited liability company, or corporation. The term “control,” as used in the immediately preceding sentence shall mean with respect to a corporation the right to exercise, directly or indirectly, more than fifty
percent (50%) of the voting rights attributable to the controlled corporation, and, with respect to any partnership or, the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of the
controlled partnership or limited liability company, as applicable. 
 14.4 No Release: Excess Rent. No assignment, subletting or
other transfer, whether consented to by Landlord or not, or permitted hereunder, shall relieve Tenant of its liability under this Lease. If an event of default occurs while the Premises or any part thereof are assigned, sublet or otherwise
transferred, then Landlord, in addition to any other remedies herein provided, or provided by law, may collect directly from such assignee, sublessee or transferee all rents payable to Tenant and apply such rent against any sums due Landlord
hereunder. No such collection shall be construed to constitute a novation or a release of Tenant from the further performance of Tenant’s obligations hereunder. Except with respect to a Permitted Transfer, if Tenant assigns or otherwise
transfers this Lease or sublets the Premises for an amount in excess of the rent called for by this Lease, fifty percent (50%) of the Excess Consideration (as defined below) shall be paid to Landlord within ten (10) business days following
receipt by Tenant. As used herein, “Excess Consideration” means all rents or other sums received by Tenant under any such assignment, sublease or other transfer which are in excess of the rents and other sums payable by Tenant under
this Lease after deduction therefrom for reasonable costs actually paid by Tenant for additional improvements installed in the portion of the Premises subject to such assignment, sublease or other transfer by Tenant at Tenant’s sole cost and
expense for the specific assignee, sublessee or other transfer in question and reasonable leasing commissions and reasonable legal fees paid by Tenant in connection with such assignment, sublease or other transfer, without deduction for carrying
costs due to vacancy or otherwise. For the purposes of determining the Excess Consideration payable to Landlord pursuant to Paragraph 14.2, if a portion of the Premises is sublet, the pro rata share of the rent attributable to such partial
area of the Premises shall be determined by Landlord by dividing the rent payable by Tenant hereunder by the total square footage of the Premises and multiplying the resulting quotient (the per square foot rent) by the number of square feet of the
Premises which are sublet. Landlord may hire outside consultants to review the transfer documents and information. Tenant shall pay Landlord an administrative fee of One Thousand Dollars ($1,000) and in addition shall reimburse Landlord for all
reasonable costs and expenses incurred by Landlord in connection with any request for consent under this Paragraph (even if consent is denied or the request is withdrawn) and such reimbursement shall include the allocated cost of Landlord’s or
its management company’s staff plus all out-of-pocket expenses, including reasonable attorneys’ fees, .on demand. Notwithstanding the foregoing, provided that
neither the Tenant nor the proposed transferee requests any changes to this Lease or Landlord’s standard form of consent (other than minor and immaterial changes) in connection with the proposed transfer, the attorneys’ fees payable by
Tenant pursuant to this Paragraph 14 shall not exceed $1,500.00 for any proposed transfer. 
  

	15.	 Tenant Default. 

15.1 Default. Any of the following shall constitute a default by Tenant under this Lease: 

15.1.1 Tenant’s failure to (i) pay rent or any other charge under this Lease within five (5) days following written notice that
such payment is past due (provided, however, that if any such notice shall be given more than once during the twelve (12) month period commencing with the date of such notice, the second and any subsequent failure to pay rent or any other
charge under this Lease within five (5) days following the date such payment is due during such twelve (12) month period shall be a default, without notice) or (ii) cure or remove any lien pursuant to Paragraph 19 within the
time period set forth therein or (iii) except as provided in Paragraphs 15.1.2 through 15.1.4, comply with any other term or condition within thirty (30) days following written notice from Landlord specifying the noncompliance. If
any failure described in clause (iii) of the immediately preceding sentence cannot be cured within the thirty (30)-day period, this provision shall be deemed complied with so long as Tenant commences
correction within such period and thereafter proceeds in good faith and with reasonable diligence to effect the remedy as soon as practicable, in no event to exceed sixty (60) days from the date of receipt of notice from Landlord. 

  
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 15.1.2 Tenant’s insolvency; assignment for the benefit of its creditors; Tenant’s
voluntary petition in bankruptcy or adjudication as bankrupt; attachment of or the levying of execution on the leasehold interest and failure of Tenant to secure discharge of the attachment or release of the levy of execution within thirty
(30) days; or the appointment of a receiver for Tenant’s properties. 
 15.1.3 Abandonment of the Premises by Tenant. 

15.1.4 Failure of Tenant to deliver the documents or agreements required under Paragraphs 18.1 and/or 18.3 within the relevant time
period(s) specified therein. 
 15.2 Remedies. Upon a default under Paragraph 15.1 above, Landlord shall have the following
remedies, in addition to all other rights and remedies provided by law or otherwise provided in this Lease, to which Landlord may resort cumulatively or in the alternative: 

15.2.1 Landlord may continue this Lease in full force and effect, and this Lease shall continue in full force and effect as long as Landlord
does not terminate this Lease, and Landlord shall have the right to collect Rent when due. 
 15.2.2 Landlord may terminate Tenant’s
right to possession of the Premises at any time by giving written notice to that effect, and relet the Premises or any part thereof. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises or any part
thereof, including, without limitation, broker’s commissions, expenses of cleaning and redecorating the Premises required by the reletting and like costs. Reletting may be for a period shorter or longer than the remaining term of this Lease. No
act by Landlord other than giving written notice to Tenant shall terminate this Lease. Acts of maintenance, efforts to relet the Premises or the appointment of a receiver on Landlord’s initiative to protect Landlord’s interest under this
Lease shall not constitute a termination of Tenant’s right to possession. On termination, Landlord has the right to remove all Tenant’s personal property and store the same at Tenant’s cost and to recover from Tenant as damages: 

(i) The worth at the time of award of unpaid Rent and other sums due and payable which had been earned at the time of termination; plus 

(ii) The worth at the time of award of the amount by which the unpaid Rent and other sums due and payable which would have been payable after
termination until the time of award exceeds the amount of such Rent loss that Tenant prove could have been reasonably avoided; plus 
 (iii)
The worth at the time of award of the amount by which the unpaid Rent and other sums due and payable for the balance of the Lease Term after the time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; plus

 (iv) Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform
Tenant’s obligations under this Lease, or which, in the ordinary course of things, would be likely to result therefrom, including, without limitation, any costs or expenses incurred by Landlord: (A) in retaking possession of the Premises;
(8) in maintaining, repairing, preserving, restoring, replacing, cleaning, altering or rehabilitating the Premises or any portion thereof, including such acts for reletting to a new tenant or tenants; (C) for leasing commissions; or
(D) for any other costs necessary or appropriate to relet the Premises; plus 
 (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 the laws of the State of California. 
 The “worth
at the time of award” of the amounts referred to in Paragraphs 15.2.2(i) and 15.2.2(ii) is computed by allowing interest at the interest rate as provided in Paragraph 26.2 on the unpaid rent and other sums due and
payable from the termination date through the date of award. The “ worth at the time of award” of the amount referred to in Paragraph 15.2.2(iii) is 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%). Tenant waives redemption or relief from forfeiture under California Code of Civil Procedure §1174 and §1179, or under any other present or future law in the event Tenant is
evicted or Landlord takes possession of the Premises by reason of any default of Tenant hereunder. 
 15.2.3 Landlord may, with or without
terminating this Lease, re-enter the Premises and remove all persons and property from the Premises; such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the
account of Tenant. No re-entry or taking possession of the Premises by Landlord pursuant to this Paragraph 15.2 shall be construed as an election to terminate this Lease unless a written notice of such
intention is given to Tenant. 

  
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 15.2.4 Tenant acknowledges that certain benefits or concessions provided by Landlord are
conditioned upon Tenant’s timely, fully and faithful performance of each and every obligation, covenant, representation and warranty of this Lease throughout the entire term of this Lease, even though such benefits or concessions may be
realized by Tenant over less than the entire term of this Lease. Accordingly, notwithstanding anything to the contrary contained herein, in the event Landlord brings an action against Tenant for default under this Lease, Landlord shall become
immediately entitled to receive from Tenant as Additional Rent the amount of all such benefits and concessions allocable to the balance of the Lease term on a pro rata basis, i.e., an amount equal to the product of (x) the sum of (a) any
amounts theretofore or thereafter paid by Landlord to Tenant or to any third party, or any amounts credited to Tenant or to any third party, for of on account of (i) any moving, tenant improvement, decorating or other allowance or credit
granted to Tenant, (ii) any real estate commission paid on account of this Lease, and (iii) any expenses or costs related to assumption by Landlord of any other lease, plus (b) an amount equal to the difference between the Base Rent
specified in this Lease and rent for any period for which this Lease provides any lesser amount including zero or nominal rent, including for any period of early occupancy of the Premises prior to the Commencement Date of this Lease, plus
(c) the amount spent by Landlord for any tenant improvements to the Premises; multiplied by (y) a fraction, the numerator of which is the number of days of the term of this Lease remaining between the date of default and the expiration of
the term of this Lease, and the denominator of which is the total number of days for the term of this Lease. 
 15.3 Bankruptcy. 

15.3.1 The commencement of a bankruptcy action or liquidation action or reorganization action or insolvency action or an assignment of or by
Tenant for the benefit of creditors, or any similar action undertaken by Tenant, or the insolvency of Tenant, shall, at Landlord’s option. constitute a breach of this Lease by Tenant. If the trustee or receiver appointed to serve during a
bankruptcy, liquidation, reorganization, insolvency or similar action elects to reject Tenant’s unexpired Lease, the trustee or receiver shall notify Landlord in writing of its election within thirty (30) days after an order for relief in
a liquidation action or within thirty (30) days after the commencement of any action. 
 15.3.2 Within thirty (30) days after court
approval of the assumption of this Lease, the trustee or receiver shall cure (or provide adequate assurance to the reasonable satisfaction of Landlord that the trustee or receiver shall cure) any and all previous defaults under the unexpired Lease
and shall compensate Landlord for all actual pecuniary loss resulting from Tenant’s breach of this Lease, including any attorneys’ fees and costs incurred by Landlord as a result of such breach and/or the bankruptcy proceedings instituted
by or against Tenant, and shall provide adequate assurance of future performance under the Lease to the reasonable satisfaction of Landlord. Adequate assurance of future performance, as used herein, includes, but shall not be limited to
(i) assurance of source and payment of Rent and other consideration due under this Lease and (ii) assurance that the assumption or assignment of this Lease will not breach any provision, such as radius, location, use or exclusivity
provisions in any other lease of space within the Project. 
 15.3.3 Nothing contained in this Paragraph 15.3 shall affect the right
of Landlord to refuse to accept an assignment upon commencement of or in connection with a bankruptcy, liquidation, reorganization or insolvency action or an assignment of Tenant for the benefit of creditors or other similar act. Nothing contained
in this Lease shall be construed as giving or granting or creating equity in the Premises to Tenant. In no event shall the leasehold estate under this Lease, or any interest therein, be assigned by voluntary or involuntary bankruptcy proceeding
without the prior written consent of Landlord. In no event shall this Lease or any rights or privileges hereunder be an asset of Tenant under any bankruptcy, insolvency or reorganization proceedings. 

15.4 No Bar of Action(s). Landlord may sue periodically to recover damages during the period corresponding to the remainder of the Lease
Term, and no action for damages shall bar a later action for damages subsequently accruing. 
 15.5 Landlord Cure. If Tenant fails to
perform any obligation under this Lease, Landlord shall have the option to do so after five (5) days written notice to Tenant. All of Landlord’s expenditures to correct the default shall be reimbursed by Tenant on demand together with
interest at the interest rate provided in Paragraph 26.2 from the date of expenditure until repaid. Such action by Landlord shall not waive any other remedies available to Landlord because of the default. 

15.6 No Exclusion. The foregoing remedies shall be in addition to and shall not exclude any other remedy available to Landlord at law or
in equity. 
  

	16.	 Landlord Default. 

Landlord shall be in default under this Lease if it shall fail to comply with any term, provision or covenant of this Lease and shall not cure
such failure within thirty (30) days after written notice thereof to Landlord, unless such cure cannot reasonably be accomplished within such thirty (30)-day period, in which event Landlord shall have
such additional time as is reasonably necessary to accomplish such cure provided Landlord promptly commences and diligently prosecutes such cure to completion. 

  
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	17.	 Surrender at Expiration or Termination. 

17.1 Surrender. On expiration or early termination of this Lease, Tenant shall deliver all keys to Landlord, have final utility readings
made and pay all utility accounts current on the date of move out, and surrender the Premises clean and free of debris inside and out, with all mechanical, electrical, and plumbing systems required to be maintained by Tenant pursuant to Paragraph
7.3 above in good operating condition, all of Tenant’s signage removed and defacement corrected, all repairs called for under this Lease completed, all interior walls repaired and repainted if marked or damaged, all carpets steam cleaned,
all broken, marred or nonconforming acoustical ceiling tiles replaced, all windows washed, the plumbing and electrical systems and lighting required to be maintained by Tenant pursuant to Paragraph 7.3 above in good order and repair,
including replacement of any burned out or broken light bulb or ballasts, and all floors cleaned, all to the reasonable satisfaction of Landlord. Also prior to the expiration or earlier termination of the Lease Term, Tenant shall, at its sole cost
and expense, remove all Tenant’s personal property from the Premises. The Premises shall be delivered broom clean and in good condition and repair, subject only to damage by casualty, the provisions of Paragraphs 6.4. 6.5. 6.6 and 17.2
and depreciation and wear from ordinary use. Tenant shall remove all of its furnishings and trade fixtures that remain its property and restore all damage resulting from such removal. Failure to remove said property shall be an abandonment of same,
and Landlord may remove and/or dispose of it in any manner permitted under law without liability, and Tenant shall be liable to Landlord for any costs of removal, restoration, transportation to storage, storage and/or disposal, plus an
administrative fee of ten percent (10%), together with interest on all such expenses and fees at the interest rate provided in Paragraph 26.2. The provisions of this Paragraph 17.1 (including, without limitation, all provisions
referenced herein) shall survive the expiration or earlier termination of this Lease. 
 17.2 Removal of Hazardous Materials. Subject
to Paragraph 6.6.8 above, upon expiration of this Lease or sooner termination of this Lease for any reason, Tenant shall (i) remove all Hazardous Materials and facilities used for the storage or handling of Hazardous Materials from the
Premises and restore the affected areas by repairing any damage caused by the installation or removal of the facilities and (ii) take any and all actions necessary to close all Hazardous Materials permits and approvals obtained by or on behalf
of Tenant for the Premises, if any, with all government and other regulatory agencies having jurisdiction over the Project. Following such removal, if required, Tenant shall certify in writing to Landlord that all such removal is complete. Until
such time as Tenant has fulfilled all the requirements of this Paragraph 17.2 (in addition to any other requirements), Landlord may treat Tenant as a holdover Tenant as provided below; provided, however, that any such continuation of this
Lease shall not relieve Tenant of its obligations under this Paragraph 17.2. 
 17.3 Failure to Vacate. If Tenant fails to
vacate the Premises when required and holds over without Landlord’s prior written consent, Landlord may elect either (i) to treat Tenant as a tenant from month to month, subject to all provisions of this Lease except the provision for
Lease Term and at a rental rate equal to (A) one hundred fifty percent (150%) of the Base Rent plus all Additional Rent payable by Tenant immediately preceding the scheduled expiration of the Lease Term during the first thirty (30) days of
such holding over; and (B) commencing as of the thirty-first (31st) day of such holding over, twice the Base Rent plus all Additional Rent payable by Tenant immediately preceding the
scheduled expiration of the Lease Term, or (ii) to treat Tenant as a tenant at sufferance, eject Tenant from the Premises and recover damages caused by wrongful holdover including, without limitation, as set forth in Paragraph 17.4.
Failure of Tenant to remove furniture, furnishings, cabling or other telecommunications equipment, or trade fixtures which Tenant is required to remove under this Lease, or to comply fully with the provisions of Paragraph 17.2, shall
constitute a failure to vacate to which this Paragraph 17.3 shall apply if such property not removed substantially interferes with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation
for a new tenant. If a month-to-month tenancy results from a holdover by Tenant under this Paragraph 17.3, the tenancy shall be terminable by either Landlord or
Tenant upon thirty (30) days prior written notice from by one party to the other party. Tenant waives any notice that would otherwise be provided by law with respect to a
month-to-month tenancy. 
 17.4 Indemnification.
Tenant acknowledges that, if Tenant holds over without Landlord’s consent as provided above, such holding over may compromise or otherwise affect Landlord’s ability to enter into new leases with prospective tenants regarding the Premises
and/or the Building. Therefore, if Tenant fails to surrender the Premises within thirty (30) days after Landlord notifies Tenant that Landlord has entered into a lease or other agreement for all or any portion of the Premises or has received a
bona fide offer to lease, license or otherwise use all or any portion of the Premises, and that Landlord will be unable to deliver possession, or perform improvements, due to Tenant’s holdover, then, in addition to any other liabilities to
Landlord accruing therefrom, Tenant shall protect, defend, indemnify and hold Landlord harmless from any and all obligations, losses, claims, actions, causes of action, liabilities, penalties, damages (including consequential and punitive damages),
costs and expenses (including reasonable attorneys and consultants fees and expense) 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. The provisions of this Paragraph 17.4 are in addition to, and do not affect, Landlord’s right to re-entry or other rights hereunder or
provided by law. Tenant’s obligations under this Paragraph 17.4 shall survive the expiration or earlier termination of this Lease. 

  
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	18.	 Mortgage or Sale by Landlord; Estoppel Certificates. 

18.1 Priority. This Lease is subject and subordinate to mortgages and deeds of trust (collectively “Encumbrances”)
which may now affect the Premises or the parcel on which the Building or the Project are located. to the CC&R’s and to all renewals, modifications, consolidations, replacements and extensions thereof (subject to Paragraph 6.1 above);
provided, however. if the holder or holders of any such Encumbrance (“Holder”) shall require that this Lease be prior and superior thereto, Tenant shall, within ten (10) business days after written request from Landlord,
execute, have acknowledged and deliver such commercially reasonable documents or instruments, which Landlord or Holder deems necessary or desirable for such purposes. Landlord shall have the right to cause this Lease to be and become and remain
subject and subordinate to any and all Encumbrances which may hereafter be executed covering the Premises or the parcel on which the Building or the Project are located, or any renewals, modifications, consolidations, replacements or extensions
thereof, for the full amount of all advances made or to be made thereunder and without regard to the time or character of such advances, together with interest thereon at the interest rate provided in Paragraph 26.2 and subject to all the
terms and provisions thereof; provided only, that in the event of termination of any such lease or upon the foreclosure of any such mortgage or deed of trust, so long as Tenant is not in default, Holder agrees to recognize Tenant’s rights under
this Lease as long as Tenant shall pay the Rent and observe and perform all the provisions of this Lease to be observed and performed by Tenant. Within ten (10) business days after Landlord’s written request, Tenant shall execute such
commercially reasonable documents required by Landlord or the Holder to make this Lease subordinate to any lien of the Encumbrance. If Tenant fails to do so, it shall be in default under this Lease and, in addition to all of Landlord’s other
rights and remedies for such default, it shall be deemed that this Lease is subordinated. 
 18.2 Attornment. If the Building is sold
as a result of foreclosure of any Encumbrance thereon or otherwise transferred by Landlord or any successor, Tenant shall attorn to the purchaser or transferee, and the transferor shall have no further liability hereunder. 

18.3 Estoppel Certificate. Tenant shall, within ten (10) business days following written request by Landlord, execute and deliver
to Landlord commercially reasonable estoppel certificates (or similar documents), in the form prepared by Landlord (i) certifying that this Lease is unmodified and in full force and effect or, if modified, stating the nature of such
modification and certifying that this Lease, as so modified, is in full force and effect and the date to which the rent and other charges are paid in advance, if any, and (ii) acknowledging that there are not, to Tenant’s knowledge, any
uncured defaults on the part of Landlord, or, if there are uncured defaults on the part of the Landlord, stating the nature of such uncured defaults, and 

(i) evidencing the status of the Lease as may be required either by a lender making a loan to Landlord to be secured by deed of trust or
mortgage covering the Building and/or the parcel on which the Building is located, or a purchaser of the Building and/or the parcel on which the Building is located from Landlord. Tenant’s failure to deliver an estoppel certificate within ten
(10) business days after delivery of Landlord ‘s written request therefor shall be conclusive upon Tenant (A) that this Lease is in full force and effect, without modification except as may be represented by Landlord, (B) that
there are now no uncured defaults in Landlord’s performance and (C) that no rent has been paid in advance (other than as may be expressly required by this Lease). 
  

	19.	 Liens. 

Tenant shall keep the Premises, the Building, and the Project free from any liens arising out of any work performed, materials furnished or
obligations incurred by or on behalf of Tenant and shall indemnify, defend and hold Landlord and Landlord’s Agents harmless from all claims, costs and liabilities, including attorneys fees and costs, in connection with or arising out of any
such lien or claim of lien. Tenant shall cause any such lien imposed to be released of record by payment or posting of a proper bond acceptable to Landlord within ten (10) days after written request by Landlord. Tenant shall give Landlord
written notice of Tenant’s intention to perform work on the Premises, which might result in any claim of lien at least twenty (20) days prior to the commencement of such work to enable Landlord to post and record a Notice of
Nonresponsibility. If Tenant fails to so remove any such lien within the prescribed ten (10) day period, then Landlord may do so at Tenant’s expense and Tenant shall reimburse Landlord for such amounts upon demand. Such reimbursement shall
include all costs incurred by Landlord including Landlord’s reasonable attorneys’ fees with interest thereon at the interest rate provided in Paragraph 26.2. 
  

	20.	 Attorneys Fees; Waiver of Jury Trial. 

In the event that any party shall bring an action to enforce its rights under this Lease, the prevailing party in any such proceeding shall be
entitled to recover its reasonable attorneys, witness and expert fees and costs of the proceeding, including any appeal thereof and in any proceedings in bankruptcy. For purposes hereof, the reasonable fees of Landlord’s in-house attorneys or Tenant’s in-house attorneys, as the case may be, who perform services in connection with any such enforcement action are recoverable, and shall be
based on the fees regularly charged by private attorneys with the equivalent number of years of experience in the relevant subject matter area of the law, in law firms in the City of San Jose, California with approximately the same number of
attorneys as are employed by Landlord’s Law Department or Tenant’s Law Department, as the case may be. The provisions of this Paragraph 20 are separate and severable and shall survive a judgment on this Lease. To the extent allowed
by Applicable Law, disputes between the parties which are to be litigated shall be tried before a judge without a jury. 

  
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	21.	 Limitation on Liability; Transfer by Landlord. 

21.1 Property and Assets. Landlord shall never be personally liable under this Lease; Tenant shall look solely to Landlord’s
interest in the Building and the parcel on which the Building is located for any recovery of damages for any breach by Landlord of this Lease, or any recovery of any judgment against Landlord. For purposes of the foregoing, “Landlord’s
interest in the Building” shall include any insurance proceeds paid to Landlord and not applied to restoration or repair. None of the members comprising Landlord (whether partners, members, shareholders, officers, directors, trustees,
employees, beneficiaries or otherwise) shall ever be personally liable for any such judgment. There shall be no levy of execution against any assets of Landlord, other than the Building and the parcel on which the Building is located, or the assets
of such members on account of any liability of Landlord hereunder. Tenant hereby waives any right of recovery or satisfaction of any judgment against Landlord or its members, except as to Landlord’s interest in the Building and the parcel on
which the Building is located as herein specified. In no case shall Landlord be liable to Tenant hereunder for any lost profits, damage to business, or any form of special, indirect or consequential damages. 

21.2 Transfer by Landlord. All obligations of Landlord hereunder will be binding upon Landlord only during the period of its possession
of the Premises and not thereafter. The term “Landlord” shall mean only the owner of the Premises for the time being, and if such owner transfers its interest in the Premises, such owner shall thereupon be released and discharged
from all covenants and obligations of the Landlord thereafter accruing, but such covenants and obligations shall be binding during the Lease Term upon each new owner for the duration of each owner’s ownership. 

21.3 Other Occupants. Landlord shall have no liability to Tenant for loss or damages arising out of the acts or inaction of other
tenants or occupants. 
  

	22.	 Landlord’s Right to Perform Tenant’s Covenants. 

If Tenant shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease and such
failure continues beyond any applicable notice and cure period set forth herein, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Lease, upon written notice to Tenant, make
such payment or perform such other act to the extent Landlord may deem desirable, and in connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due
and payable by Tenant within three (3) business days after any such payment by Landlord, together with interest thereon at the interest rate provided in Paragraph 26.2 from such date to the date of payment by Tenant to Landlord, plus
collection costs and reasonable attorneys ‘ fees. Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent beyond any applicable notice and cure period. 

23. Mortgagee Protection. 

If Landlord defaults under this Lease, Tenant will notify any beneficiary of a deed of trust or mortgagee of a mortgage covering the Building
and/or the parcel on which the Building is located for which Landlord has provided Tenant (in writing) with a name and address, and offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession
of the Building and/or the parcel on which the Building is located by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. Any such beneficiary or mortgagee which succeeds to the interest of Landlord hereunder,
shall not be (i) liable for any act or omission of any prior Landlord (including Landlord) unless such act or omission is of a continuing nature; or (ii) subject to any offsets or defenses which Tenant might have against any prior Landlord
(including Landlord); or (iii) bound by any Rent which Tenant might have paid in advance to any prior Landlord (including Landlord) in excess of one (1) month’s Rent. Notwithstanding anything to the contrary contained in this Lease,
the Holder of any Encumbrance or the purchaser upon the foreclosure of any of Encumbrance shall be an intended third party beneficiary of this Section 23. 
  

	24.	 Real Estate Brokers; Finders. 

Landlord and Tenant warrant and represent each to the other that it has had no dealings with any real estate broker or agent in connection with
the negotiation of this Lease, except for Newmark Cornish & Carey (“Landlord’s Broker”), which represents Landlord and CBRE, Inc. (“Tenant’s Broker”), which represents Tenant. and that it knows of
no other real estate broker or agent who is or might be entitled to a commission in connection with this Lease. Landlord shall pay Landlord’s Broker and Tenant’s Broker a commission in connection with Landlord and Tenant entering into this
Lease, which commission shall be paid pursuant to a separate agreement between Landlord and such broker. Landlord and Tenant agree to indemnify, defend and hold each other and their respective agents harmless from and against any and all liabilities
or expenses, including attorneys’ fees and costs, arising out of or in connection with claims made by any broker or individual against the indemnified party for commissions or fees in connection with the execution of this Lease and resulting
from the actions of the indemnifying party. 

  
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	25.	 Lease Contingency. 

This Lease specifically is contingent upon the termination of that certain lease dated August 18, 2014 (as amended, the “Prior
Tenant Lease”), by and between Landlord and Lunera Lighting, Inc., a Delaware corporation (“Prior Tenant”) relating to the Premises. Landlord currently is negotiating the terms of an agreement with Prior Tenant to terminate
the Prior Tenant Lease (the “Prior Tenant Termination Agreement”) with respect to the Premises. If Landlord fails to enter into the Prior Tenant Termination Agreement with Prior Tenant on or before ten (10) days following the
date this Lease (the “Contingency Date”), executed by Tenant, together with all prepaid rental and security deposits required hereunder, if any, delivered to Landlord, then either party may terminate this Lease by providing written
notice thereof to the other party on or before the earlier of (i) five (5) business days after the Contingency Date; or (ii) the date on which Landlord and Prior Tenant enter into the Prior Tenant Termination Agreement. 

 

	26.	 Miscellaneous. 

26.1 Force Majeure. The performance of any obligation to be performed by Landlord and Tenant under this Lease, excluding, however, the
obligation to pay rent or any other sum payable to Landlord by Tenant, shall be excused for any period during which either party is prevented from performing such obligation due to causes beyond such parties control, including without limitation,
strikes, lockouts or other labor disturbance or labor dispute, governmental regulation, moratorium or other governmental action, civil disturbance, war, war-like operations, terrorism, invasions, rebellion,
hostilities, sabotage, fires or other casualty, rain, flooding, hailstorms. lightning, earthquake, or other acts of God (collectively, “force majeure”). Landlord and Tenant each agree to (i) provide written notice to the other
if Landlord or Tenant is unable to perform any obligation imposed upon such party hereunder within the time period required, if such inability to perform is due to force majeure, and (ii) use reasonable efforts to mitigate the effects of force
majeure on the timely performance of such obligation. 
 26.2 Interest. Except as may be set forth in Paragraph 15.2, interest
charged under this Lease shall be at the rate of fifteen percent (15%) per annum (in no event to exceed the maximum rate of interest permitted by law). 

26.3 Late Charges. Tenant acknowledges that late payment by Tenant to Landlord of rent and other charges provided for under this Lease
will cause Landlord to incur costs not contemplated by this Lease, the exact amount of such costs being extremely difficult or impracticable to fix. Therefore, if any installment of rent or any other charge due from Tenant is not received by
Landlord when due, Tenant shall pay to Landlord an additional sum equal to five percent (5%) of the amount overdue as a late charge for every month or portion thereof that the rent or other charges remain unpaid; provided, however, that Tenant shall
be entitled to a grace period of five (5) days for the first late payment in a calendar year. The parties agree that this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of the late payment
by Tenant. 
 26.4 Modification for Lender. If in connection with obtaining financing for the Building, the parcel on which the
Building is located, or the Project, Landlord’s lender shall request reasonable modification to this Lease as a condition to such financing, Tenant shall not unreasonably withhold, delay or defer its consent thereto, provided such modifications
do not materially adversely affect Tenant’s rights hereunder. 
 26.5 Captions: Paragraph Headings. The captions and headings
used in this Lease are for the purpose of convenience only and shall not be construed to limit or extend the meaning of any part of this Lease. Reference to a “Paragraph” shall mean reference to either a specified numbered paragraph
or subparagraph of this Lease. 
 26.6 Nonwaiver. Waiver by either party of strict performance of any provision of this Lease shall
not be a waiver of or prejudice the party’s right to require strict performance of the same provision in the future or of any other provision. 

26.7 Succession. Subject to the limitations on transfer of Tenant’s interest, this Lease shall bind and inure to the benefit of the
parties, their respective heirs, successors, and assigns. 
 26.8 Landlord’s Right to Enter the Premises. Tenant shall permit
Landlord and Landlord’s Agents to enter the Premise s at all reasonable times with at least twenty-four (24) hours’ prior notice (written or oral) (except for emergencies and for the purpose of discharging Landlord’s obligations
hereunder, in which both such cases no notice shall be required) to inspect the same, to discharge Landlord’s obligations hereunder, including the maintenance of the Outside Area, to post Notices of Nonresponsibility and similar notices, to
show the Premises to interested parties such as prospective lenders, to make necessary repairs, to discharge Tenant’s obligations hereunder when Tenant has failed to do so within a reasonable time after written notice from Landlord, and at any
reasonable time within the nine (9) months prior to the expiration or earlier termination of the Lease Term, to place upon the Building and the Outside Area ordinary “For Lease” signs and to show the Premises to prospective
tenants. Except in the event of an emergency (for which Landlord may enter upon the Premises without notice by any means necessary), the above rights are subject to reasonable security regulations of Tenant, and to the requirement that Landlord
shall at all times act in a manner to cause the least possible physical interference with Tenant’s business. 

  
 29 

 26.9 Notices. Any notice permitted or required to be given hereunder shall be in
writing and shall be given by personal delivery or certified United States mail (return receipt requested), U.S. Express Mail or overnight air courier, in each case postage or equivalent prepaid, addressed to the address for notices set forth in the
Basic Lease Terms. The person to whom and the place to which notices are to be given may be changed from time to time by either party by written notice given to the other party. If any notice is given by mail, it shall be effective upon the earlier
of (i) seventy-two (72) hours after deposit in the U.S. Mail with postage prepaid, or (ii) actual delivery or refusal to accept such delivery, as indicated by the return receipt; and if given by
personal delivery, U.S. Express Mail or by overnight air courier, when delivered. 
 26.10 Entire Agreement. This Lease is the entire
agreement between the parties, and there are no agreements or representations between the parties except as expressed herein. 
 26.11
Authority. Each of the persons executing this Lease on behalf of Tenant warrants to Landlord that Tenant is a valid and existing corporation or other relevant entity, that Tenant has all right and authority to enter into this Lease, and that
each and every person signing on behalf of Tenant is authorized to do so. Each of the persons executing this Lease on behalf of Landlord warrants to Tenant that Landlord is a valid and existing corporation or other relevant entity, that Landlord has
all right and authority to enter into this Lease, and that each and every person signing on behalf of Landlord is authorized to do so. 

26.12 Time of Essence. Time is of the essence of the performance of each of Tenant’s obligations under this Lease. 

26.13 Modifications. This Lease may not be modified except by written endorsement attached to this Lease, dated and signed by the
parties. 
 26.14 No Appurtenances. This Lease does not create any rights to light and air by means of openings in the walls of the
Building, any rights or interests in parking facilities, or any other rights, easements or licenses, by implication or otherwise, except as expressly set forth in this Lease or its exhibits. 

26.15 Financial Statements. Upon written request of Landlord, Tenant shall furnish to Landlord, within ten (10) business days
following receipt of Landlord’s written request, Tenant’s most current financial statements (including balance sheet and income statement) for the two (2) years prior to the current financial statements year, prepared in the ordinary
course of Tenant’s business and, if not audited, certified by the chief financial officer or accounting officer of Tenant that such statements have been prepared in accordance with Generally Accepted Accounting Principles (GAAP) (or such other
accounting method, consistently applied, reasonably approved by Landlord). Notwithstanding the foregoing, Landlord shall not request financial statements more than once in each consecutive one (1) year period during the Lease Term unless
(i) Tenant is in default, (ii) Landlord reasonably believes that there has been an adverse change in Tenant’s financial position since the last financial statement provided to Landlord, or (iii) requested (a) in connection with a
proposed sale or transfer of the Building by Landlord, or (b) by an investor of Landlord, any of Landlord’s Agents or any lender or proposed lender of Landlord or any of Landlord’s Agents. Landlord may make such financial statement
available to any prospective lender or purchaser of the Project or any portion thereof. Landlord shall otherwise keep such financial statement confidential and shall require any such prospective lender or purchaser to do the same. 

26.16 Regulations. Landlord shall have the right to make and enforce reasonable regulations and criteria consistent with this Lease for
the purpose of promoting safety, order, cleanliness and good service to the tenants and other occupants of the Project. Copies of all such regulations shall be furnished to Tenant in writing and shall be complied with as if part of this Lease. In
the event of a conflict between such regulations and criteria and the remainder of the terms of this Lease, the remainder of the terms of this Lease shall control. 

26.17 Applicable Law; Severability. This Lease shall be construed, applied and enforced in accordance with the laws of the State in
which the Premises is located. If a court of competent jurisdiction holds any portion of this Lease to be illegal, invalid or unenforceable as written, it is the intention of the parties that (i) such portion of this Lease be enforced to the
extent permitted by law and (ii) the balance of this Lease remain in full force and effect. It is also the intention of the parties that in lieu of each clause or provision of this Lease that is illegal, invalid or unenforceable there be added,
as a part of this Lease, a clause or provision as similar in terms to such illegal, invalid or unenforceable clause or provision as may be possible and be legal, valid and enforceable. 

26.18 Landlord’s Consent. Whenever Landlord’s consent or approval is required under this Lease, except as otherwise expressly
provided in this Lease, Landlord may grant or withhold such consent or approval in Landlord’s sole and absolute discretion. 
 26.19
Joint and Several Liability. In the event Tenant now or hereafter consists of more than one person, firm or corporation, then all such persons, firms or corporations shall be jointly and severally liable as Tenant under this Lease. 

  
 30 

 26.20 Construction and Interpretation. All provisions of this Lease have been
negotiated by Landlord and Tenant at arm’s length and neither party shall be deemed the author of this Lease. This Lease shall not be construed for or against either party by reason of the authorship or alleged authorship of any provision
hereof or by reason of the status of the respective parties as Landlord or Tenant. 
 26.21 No Recordation. Neither this Lease, nor
any short form or memorandum thereof, shall be recorded in any manner against the real property of which the Premises comprises a portion. 

26.22 No Partnership Created. Neither this Lease nor the calculation and payment of Base Rent, Additional Rent or any other sums
hereunder, is intended to create a partnership or joint venture between Landlord and Tenant, or to create a principal-and-agent relationship between the parties. 

26.23 Quiet Enjoyment. Landlord covenants that Tenant, upon performing the terms, conditions and covenants of this Lease, shall have
quiet and peaceful possession of the Premises as against any person claiming the same by, through or under Landlord. 
 26.24 Days of
Week. If the date upon which any act is to be performed or notice is to be delivered under this Lease shall fall upon a Saturday, Sunday or legal holiday, such act or notice shall be timely if performed or delivered on the next business day.

 26.25 OFAC. Tenant represents and warrants to Landlord that Tenant is not and shall not become a person or entity with whom
Landlord is restricted from doing business under any current or future regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including, but not limited to. those named on OFAC’s
Specially Designated and Blocked Persons list) or under any current or future statute, executive order (including, but not limited to, the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit, or Support Terrorism), or other governmental action and is not and shall not engage in any dealings or transaction or be otherwise associated with such persons or entities. 

26.26 Patient Privacy. In connection with Landlord’s entry to the Premises pursuant to Paragraph 26.8 above, and following
notice from Tenant, Landlord shall reasonably cooperate (without incurring any cost or expense) with Tenant in its efforts to comply with all federal, state and local laws intended to protect the privacy of patients, including, but not limited to,
(i) Confidentiality of Medical Information Act of 1981, California Civil Code Section 56 et seq. (General Patient Medical Records), (ii) California Welfare & Institutions Code §5328.6 and §5328.7 (Mental Health Records),
(iii) 42 U.S.C. §§290dd-2; 42 C.F.R., Part 2, §2.31 (Alcohol and Drug Abuse Records), and (iv) Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) and the
Regulations promulgated thereunder (42 U.S.C. Sections 1320d-2 and 1320d-4; 45 C.F.R. Subtitle A, Subchapter C, Parts 160 - 164), as the same may be amended from time to
time. 
 26.27 Secured Area. Tenant, at its own expense, may designate a reasonable portion of the Premises as a “Secured
Area” and provide its own locks to such area (“Secured Area”). Tenant need not furnish Landlord with a key, but upon the Expiration Date or earlier expiration or termination of Tenant’s right to possession, Tenant
shall surrender all such keys to Landlord. If Landlord must gain access to a Secured Area in a non-emergency situation (i.e., to perform Landlord ‘s maintenance and repair obligations within the
Premises), Landlord shall contact Tenant in writing or orally, and Landlord and Tenant shall arrange a mutually agreed upon time for Landlord to have such access, no less than twenty-four (24) hours thereafter. Landlord shall comply with all
reasonable security measures pertaining to the Secured Area. If Landlord determines in its sole discretion that an emergency in the Building or the Premises, including, without limitation, a suspected fire or flood, requires Landlord to gain access
to the Secured Area, Tenant hereby authorizes Landlord to forcibly enter the Secured Area. In such event, Landlord shall have no liability whatsoever to Tenant, and Tenant shall pay all reasonable expenses incurred by Landlord in repairing or
reconstructing any entrance, corridor, door or other portions of the Premises damaged as a result of a forcible entry by Landlord. Landlord shall have no obligation to provide either janitorial service or cleaning in the Secured Area. 

26.28 Counterparts; Telecopied or Electronic Signatures. This Lease may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which, together, shall constitute one and the same instrument. In order to expedite the transaction contemplated herein, telecopied signatures or signatures transmitted by electronic mail in so-called
“pdf” format may be used in place of original signatures on this Lease. Landlord and Tenant intend to be bound by the signatures on the telecopied or e-mailed document, are aware that the other party
will rely on the telecopied or e-mailed signatures, and hereby waive any defenses to the enforcement of the terms of this Lease based on such telecopied or e-mailed
signatures. Promptly following request by either party, the other party shall provide the requesting party with original signatures on this Lease. 

  
 31 

 26.29 Exhibits. The following exhibits are attached hereto and incorporated herein by
this reference: 
 Exhibit A - Depiction showing Premises 

Exhibit B - Depiction showing Project 

Exhibit C - Work Letter Agreement 

Exhibit C-1 - Construction Budget 

Exhibit C-2 - Plans 

Exhibit D - Commencement Date Memorandum 

Exhibit E - Hazardous Materials Questionnaire 

Exhibit F - Signage Criteria 

Exhibit G - Letter of Credit 

[signatures on following page] 

  
 32 

 IN WITNESS WHEREOF, the parties hereto have executed this Lease on the respective dates set
opposite their signatures below, but this Lease, on behalf of such party, shall be deemed to have been dated as of the Reference Date. 
  

													
	LANDLORD:	 		 		  	TENANT:
			
	WASHCOP I LIMITED PARTNERSHIP,	 		  	CARDIVA MEDICAL, INC.
	a Delaware limited partnership	 		  	a Delaware corporation
						
		 	By:	 	WH Mission Park LLC,	 		  	By:	  	 /s/ Lisa Garrett

		 		 	 a Washington limited liability company,

its general partner
	 		  	  
 Name: Lisa Garrett

					
		 		 		 		  	Title: CFO
						
		 		 	By:	 	 /s/ Brent Lowery
	 		  	Dated: 10/15/2018
						
		 		 	Name: Brent Lowery	 		  		  	
						
		 		 	Title: EVP	 		  		  	
						
		 		 	Dated: Oct. 16, 2018	 		  		  	

  
 33 

 EXHIBIT A 

DEPICTION OF PREMISES 
  

 

  
 A-1 

 EXHIBIT B 

DEPICTION OF PROJECT 
  

 

  
 B-1 

 EXHIBIT C 

WORK LETTER AGREEMENT 
  

	1.	 Landlord, at its sole cost and expense (subject to the terms and provisions of Section 2 below) shall
perform improvements to the Premises in accordance with the following work list (the “Work List”), the space plans attached hereto as Exhibit C-1 (the “Plans”), and the
construction budget attached hereto as Exhibit C-2 (the “Construction Budget”“) using Building standard methods, materials and finishes. The improvements to be performed in
accordance with the Work List, Plans and Construction Budget are hereinafter referred to as the ‘“Landlord’s Work”. Landlord shall enter into a direct contract for the Landlord’s Work with a general contractor
selected by Landlord. In addition, Landlord shall have the right to select and/or approve of any subcontractors used in connection with the Landlord’s Work. Landlord shall use commercially reasonable efforts to Substantially Complete the
Landlord’s Work on or before the Estimated Commencement Date, provided that any failure by Landlord to do so shall in no event subject Landlord to any liability for any loss or damage resulting therefrom or entitle Tenant to any credit,
abatement or adjustment of Rent or other sums payable under the Lease (except as otherwise expressly provided in the Lease). 

WORK LIST 
  

	 	A.	 Paint and install new VCT flooring in Quality Room as depicted on the Plans; 

 

	 	B.	 Add door between office and lab as depicted on the Plans; 

 

	 	C.	 Build wall to close off small lab from the warehouse portion of the Premises; 

 

	 	D.	 Install new VCT flooring and sink with hot and cold water in Complaint Room as depicted on the Plans;

  

	 	E.	 Install new VCT flooring in document storage room and install window in wall facing office area;

  

	 	F.	 Subject to Section 2 below, replace carpet in currently carpeted areas of the Premises;

  

	 	G.	 Extend wall approximately four (4) feet and remove existing wall between offices, install glass wall
facing open office area; 

  

	 	H.	 Install water/sink to lab area; and 

 

	 	I.	 Subject to Section 4 below, install double doors with side lights in back lab area adjacent to the
warehouse portion of the Premises. 

  

	2.	 All other work and upgrades, subject to Landlord’s approval (which approval shall not be unreasonably
withheld, conditioned or delayed), shall be at Tenant’s sole cost and expense, plus any applicable state sales or use tax thereon, payable upon demand as Additional Rent. Tenant shall be responsible for any Tenant Delay in completion of the
Landlord’s Work resulting from any such other work and upgrades requested or performed by Tenant. Landlord shall professionally clean the carpeting as part of the Landlord’s Work. If, after inspecting the carpets prior to substantial
completion of the Landlord’s Work, Tenant deems the carpet cleaning as an acceptable alternative to carpet replacement, the initial Base Rent amount shall be reduced to $26,533.00, with three percent (3%) annual increases thereafter during the
Lease Term. In such an event, Landlord shall not be required to perform item (F) of the Work List, and a revised Base Rent schedule shall be set forth in the Commencement Date Memorandum. 

 

	3.	 Landlord’s supervision or performance of any work for or on behalf of Tenant shall not be deemed to be a
representation by Landlord that such work will be adequate for Tenant’s use. 

  

	4.	 Tenant acknowledges that item (I) on the Work List may be performed by Landlord in the Premises during
normal business hours for the Building subsequent to the Commencement Date. Landlord and Tenant agree to cooperate with each other in order to enable item (I) of the Work List to be performed in a timely manner and with as little inconvenience
to the operation of Tenant’s business as is reasonably possible. Notwithstanding anything herein to the contrary, any delay in the completion of the item (I) of the Work List or inconvenience suffered by Tenant during the performance of
item (I) on the Work List shall not delay the Commencement Date nor shall it subject Landlord to any liability for any loss or damage resulting therefrom or entitle Tenant to any credit, abatement or adjustment of rent or other sums payable
under the Lease. 

  

	5.	 This Exhibit C shall not be deemed applicable to any additional space added to the Premises at any time
or from time to time, whether by any options under the Lease or otherwise, or to any portion of the original Premises or any additions to the Premises in the event of a renewal or extension of the original Term of the Lease, whether by any options
under the Lease or otherwise, unless expressly so provided in the Lease or any amendment or supplement to the Lease. 

  

	6.	 The Landlord’s Work shall be deemed to be “Substantially Complete” on the later of
(i) the date that the Landlord’s Work has been performed, other than any details of construction, mechanical adjustment or any other similar matter, the noncompletion of which does not materially interfere with Tenant’s use of the
Premises; or (ii) the date Landlord receives from the appropriate governmental authorities, with respect to the Landlord’s Work, all approvals necessary for the 

  
 C-1 

 
occupancy of the Premises (The definition of Substantially Complete shall also define the terms “Substantial Completion” and “Substantially Completed”). As used
in the Lease and in this Exhibit “Punch List items” shall mean the items set forth on a construction punch list prepared by Landlord and Tenant that are not in conformity with the Landlord’s Work as required by the terms of this
Exhibit C. At the request of Landlord, such construction punch list shall be mutually prepared by Landlord and Tenant prior to the date on which Tenant first begins to move its furniture, equipment or other personal property into the
Premises. Landlord, as part of the Landlord’s Work, shall use good faith efforts to correct all such Punch List items within a reasonable time following the completion of such punch list. In connection therewith, except in the case of an
emergency, Landlord shall exercise reasonable efforts to correct all such Punch List items in a manner that is reasonably designed to minimize interference with the operation of Tenant’s business in the Premises (but Landlord shall not be
obligated to employ overtime or premium labor therefor). 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 C-2 

 EXHIBIT C-1 

PLANS 
  

 

  
 C-1-1 

 EXHIBIT C-2 

CONSTRUCTION BUDGET 
 

                                    
                                         
                                         
                              JML - 18 - # 

 

			
		 	☐ROM
	September 21, 2018	 	☐Budget
		 	☒Proposal

 Casey Holt 
 Senior Vice
President 
 Washington Holdings 
 1800 Wyatt Drive, Suite &

 Santa Clara, CA, 95054 
 Cardiva Medical

 1615 Wyatt Dr 
 Santa
Clara, CA 95054 
 Dear Casey Holt 
 Pacific Ridge Builders is
pleased to submit our Proposal for the modifications and improvements at 1615 Wyatt Dr. 
 We have based the scope of work and cost described below from:

 From job walk with Casey Holt and Chris Sanderson based on leasing plan. 

We expect this project to take 3 weeks and have allotted 24 hours of onsite supervision per week. 

Scope of Work: 
 General Requirements 

Provide adequate protection around area of work for finishes to remain. 

Provide protection in the path of travel out of the building. 

Provide dumpsters for all demolition and material scraping as required from scope of work; recycle where possible. 

Final Cleaning 
 Provide a general cleaning
in areas of work only. 
 Vacuum all carpet areas, mop all VCT/laminate flooring, dust blinds, etc. 

Provide a one time steam cleaning of existing carpet in the office space. 

Provide a general cleaning through the path of travel of construction. 

Price does NOT include wox or sealers. 

Demolition 
 Remove existing wall and
sidelites in board room. 
 Remove 2 sections of wall to provide door openings. 

Remove existing VCT Flooring in Quality room and Complaint room. 

Remove and salvage [2] doors. 
 Architectural
Casework 
 Provide 60” of upper/lower cabinets with countertop and backsplash as shown on the plans. 

Plastic laminate to be from standard stocking materials. 

Hardware to be standard material With standard pulls. 

	E	 EXCLUDED: light roll under the upper cabinets. 

Material to be brought into the building per building standards. 

Doors/ Frames/Hardware 
 Relocate [2] doors
as noted on the plans. 
 Provide [1] new non rated double wood door, frames, and hardware as noted on the plans to infill 12’x10’
space. 
 Provide new frame for additional sidelites and glass wall, as noted on plans. 

Provide all modifications to the existing relocated doors to comply with new areas. 

All material to match the existing in the space and as noted on the plans. 

Ordering to proceed after submlttals are approved by responsible party.
                        1 

  
 C-2-1 

 Glazing 

Provide [2] 3’ x 9’ 1/4” clear tempered sidelites. 

Provide [1] 1’ x 6’ 1/4” clear tempered sidelites. 

Provide [1] 5’x4’ 1/4” clear tempered window at document storage room. 

Provide [1] 24’x9’ 3/8” butt glazed glass wall at conference room. 

.Ordering to proceed after frames are installed and field measurement are taken. 

Metal Stud Framing 
 Provide [1] new walls
to infill 10’x12’ space; Insulated as noted on the plans. 
 Provide framing for all door and sidelite locations. 

Patch around new doors as noted on plans. 

Furr 6’ of wall to allow for plumbing to be ran to new sink. 

Provide all new wall finish to match the existing, level 4 finish. 

Material to be brought into the building per building standards. 

Acoustical Ceiling 
 Remove and stack the
existing ceiling tiles throughout the area of work as needed. 
 Provide new tiles in Quality room as noted on plans. 

Provide wall angle for new full height and above grid walls as noted. 

Provide safety wires for relocated lighting and other registers. 

Provide seismic compression posts as required per code; NEW and AFFECTED grid only. 

All other acoustical ceilings are to remain as is. 

Flooring 
 Provide new VCT flooring in
Quality, Document storage and Complaint room, as noted on plans. 
 Provide rubber base at all affected and new flooring areas as noted. 

Provide carpet patching under demoed wall in Board Room. 

Provide transition strips at flooring material changes as noted. 

Painting 
 Mask and protect the existing
finishes as required for the new paint. 
 Paint corner to corner to match existing new walls/demolished walls. 

Paint existing grid in Quality room, as noted on plans. 

Paint around new doors and sidelites to match existing. 

Provide necessary coats as needed for new and existing walls. 
  

	E	 EXCLUDED: No deep tone colors have been figured. 

Fire Life Safety 
 Fire life safety NIC,
no scope has been figured. 
 Fire Sprinklers 

Fire sprinklers NIC, no scope has been figured. 

Plumbing 
 Safe-off plumbing above ceiling
and below floor as needed for demolition. 
 Supply and install [2] Instahot. 

Supply and install [2] Sump pump. 

Supply and install waste and vent piping cast iron and or copper pipe and fittings POC within 60’ 

Supply and install cold water piping copper pipe and fittings POC within 60’. 

Supply and install [2] Sink and faucet. 

Excludes plans and permits 
 HVAC

 Modify existing duct work for new conference room layout. 

Reusing existing VAV box for the Board room, assumes adequate for this design. 

Excludes plans and permits. 
 Electrical

 Safe-off all electrical as needed for demolition. 

Reconfigure switching to accommodate the new layout in the Board room. 

Supply and install new lighting in proposed Board room, Quality room, and Complaint room. 

Excludes plans and permits 
  

									
	Total Project Budget:	  	 	 	  	 	 
	 Ninety Three Thousand Six Hundred Eighty Dollars
	  	 	--	 	  	$	93,580.00	 
		  				  	  
	  
	 

  
 C-2-2 

Pacific Ridge Builders is grateful for the opportunity to present this detailed scope and cost break down
for your review. We are eager to work with you and your personnel to complete this project and to meet the desired and noted schedule. budget and Quality expectations. If you have any questions or need additional information on this budget please do
not hesitate to call. I can be reached on my cell phone at (408) 761-8949. 
 Sincerely, 

 
 

 
  

			
		  	                                      
                                  
	Jason Livingstone	  	        (Approval Signature)             (Date)
	Vice President I Estimating	  	                                      
                                  
	Pacific Ridge Builders	  	              (Print Name)                    
(Title)

  

  
 C-2-3 

 

 
 September 21, 2018 

Cardiva Medical 

									
	 	  	Total	 
	 01000 - General Requirements
	  	$	1,660	 	  			
	 01742 - Final Cleaning
	  	$	3,200	 	  			
	 02220 - Demolition
	  	$	2,150	 	  			
	 06000 - Woods and Plastics
	  	$	3,100	 	  			
	 Rough Carpentry / Wood Framing
	  				  	$	 0	 
	 Architectural Woodwork
	  				  	$	3,100	 
	 08000 - Doors and Windows
	  	$	17,141	 	  			
	 Door, Frames, Hardware
	  				  	$	11,084	 
	 Glazing, Window Film
	  				  	$	 6,057	 
	 09000 - Finishes
	  	$	23,995	 	  			
	 Metal Stud Framing & Drywall
	  				  	$	7,275	 
	 Ceramic Tile
	  				  	$	0	 
	 Acoustical Ceilings
	  				  	$	6,790	 
	 floor Coverings
	  				  	$	4,530	 
	 Paint & Wall Coverting
	  				  	$	 5,400	 
	 11000 - Equipment
	  	$	—  	 	  			
	 Kitchen Appliences (Dishwasher, Fridge, Etc.)
	  				  	$	0	 
	 12000 - Furnishings
	  	$	 —  	 	  			
	 13000 - Fire Systems
	  	$	 —  	 	  			
	 fire Detection & Alarm (FLS)
	  				  	$	0	 
	 wet-Pipe Fire Suppression Sprinkler
	  				  	$	0	 
	 15000 - Mechanical - HVAC & Plumbing
	  	$	17,754	 	  			
	 Plumbing Fixtures & Equipment
	  				  	$	16,254	 
	 Air Distribution, Testing & Air Balancing
	  				  	$	1,500	 
	 16000 - Electrical
	  	$	10,537	 	  			
	 Electrical Power &/or Lighting
	  				  	$	10,537	 
	 Subtotal Construction Cost
	  	$	79,537.00	 	  			
	 01-307
                Field Supervision
	  	$	5400.00	 	  			
	 18-750
                General liability
Insurance                                        
                                         
                               1.00%
	  	$	849.37	 	  			
	 01-130
                Building Permit (Allowance)
	  	$	—  	 	  			
	 19-900
                Contingency (Direct Costs Only)
	  	$	—  	 	  			
	 20-110
                Contractor
Overhead                                        
                                         
                                       
5.00%
	  	$	4,289.32	 	  			
	 20-120
                Contractor
Fee                                         
                                         
                                         
         4.00%
	  	$	3,603.52	 	  			
	     Total Project Cost with GC/Fee
	  	$	93,680.00	 	  			

  
 C-2-4 

 

 
 September 21, 2018 

Cardiva Medical 
 1615 Wyatt Dr 

Santa Clara, CA 95054 
 -- ALTERNATES
NOT INCLUDE IN THE BASE BID -- 
  

									
	 1  Replacing Carpet in the Entire Office Space
Price includes the demo of existing
carpet.
	  	 	ADD	 	  	$	24,626.60	 

  
 C-2-5 

 

 
 September 21,2018 

CLARIFICATIONS AND EXCLUSIONS 
  

	RE:	 Cardiva Medical 

 

			
	Clarifications
		
	 1
	  	 Project is based on standard labor hours.

	 2
	  	 We have accounted for two [2] hours to obtain project Permit.

	 3
	  	 Invoicing: Projects less than $50,000, invoicing will be net fourteen [14] days, no retention.

	 4
	  	 Reimbursable invoices, including permits, are to be net seven [7].

	 5
	  	 All change orders will be priced with same fee percentages as proposal and necessary OH.

		  	 OH&P will not be credited back on deductive change orders.

	 6
	  	 Owner to provide a non-obstructed access to work areas during construction.

	 7
	  	 we assume that the building meets all ADA current code requirements.

	 8
	  	 Project area to be free and clear of owner equipment and furniture prior to start of work.

	 9
	  	 We assume there is adequate electrical circuits available to meet the project design, new panels are not
figured.

	 10
	  	 We assume the existing HVAC system is adequate to meet the project design intent.

	 11
	  	 Price includes minimal floor preparations for new finishes unless otherwise noted.

	 12
	  	 If lead times affect the critical path of the schedule, project will be delayed to work concurrently
schedule.

	 13
	  	 Any demolition is figured for G.C. and associated recycling costs to keep demolition budget down.

	 14
	  	 Proposal is valid for 30 calendar days only due to labor and material increases.

	
	Exclusions
		
	 1
	  	 Permit or plan check fees; to be a direct reimbursable expense.

	 2
	  	 Contingency.

	 3
	  	 Unknown or unforeseen conditions.

	 4
	  	 Furniture / cubicles / power poles.

	 5
	  	 Security or data communication.

	 6
	  	 Evacuation signage.

	 7
	  	 Hazardous testing and/or hazmat material testing or air clearances.

	 8
	  	 Special inspections and/or inspections.

	 9
	  	 Storm Water Pollution Protection Plan (SWPPP) or any containment.

	 10
	  	 Re-routing of utilities and/or electrical systems.

	 11
	  	 Dismantling and/or removal of the existing equipment and/or furniture to perform the work.

	 12
	  	 Seismic bracing unless noted in the base scope.

	 13
	  	 Draft stops, fire dampers, fire ratings, etc. not noted in the base price.

	 14
	  	 Master keying or keying of any doors.

	 15
	  	 Any provisions including liquidated damages.

		  	 LD’s will only be discussed with the intent of an early completion bonus.

	 16
	  	 x-raying or scanning of the existing slab.

	 17
	  	 Refrigerators, dishwashers, microwaves, and/or other appliances.

	 18
	  	 ADA corrections to the existing conditions.

	 19
	  	 Any 2016 Green Building Codes.

	 20
	  	 EV Charging stations and any infrastructure for this scope of work.

 0.79 

  
 C-2-6 

 EXHIBIT D 

COMMENCEMENT DATE MEMORANDUM 
  

			
	Landlord:	  	 WASHCOP I LIMITED
 PARTNERSHIP,

a Delaware limited partnership

	Tenant:	  	 CARDIVA MEDICAL, INC.,
 a Delaware
corporation

	Lease Date: Premises:	  	____________________, 2018
	Premises:	  	__________ square foot premises at ____

 Pursuant to Paragraph 3 of the Lease, the Commencement Date is hereby established as
______________________________________ and the Expiration Date is _____________________. 
  

			
	TENANT:	  	LANDLORD:
		
	By:                                     
                                       	  	By:                                     
                                         
  
		
	Print
Name:                                        
                      	  	
		
	Its:                                     
                                       	  	
		
	By:                                     
                                       	  	
		
	Print
Name:                                        
                      	  	
		
	Its:                                     
                                       	  	

  
 D-1 

 EXHIBIT E 

TENANT ENVIRONMENTAL QUESTIONNAIRE 

The purpose of this form is to obtain information regarding the use or proposed use of hazardous materials at the premises. Prospective
tenants should answer the questions in light of their proposed operations at the premises. Existing tenants should answer the questions as they relate to ongoing operations at the premises and should update any information previously submitted. If
additional space is needed to answer the questions, you may attach separate sheets of paper to this form. 
 Your cooperation in this matter
is appreciated. 
  

	1.	 General Information. 

 

							
	 Name of Responding
Company:                                       
                                         
                                         
                                         
                  

				
	 Check Applicable Status:
	  	 Prospective
Tenant                    
	  		  	 Existing Tenant ______

	
	 Mailing
Address:                                       
                                         
                                         
                                         
                                         
 

	
	 Contact Person and
Title:                                        
                                         
                                         
                                         
                             

	
	 Telephone
Number:                                        
                                         
                                         
                                         
                                     

	
	 Address of Leased
Premises:                                       
                                         
                                         
                                         
                        

	
	 Length of Lease
Term:                                        
                                         
                                         
                                         
                                 

 Describe the proposed operations to take place on the premises, including principal products manufactured or
services to be conducted. Existing tenants should describe any proposed changes to ongoing operations. 
  

			
		 	  

		
		 	  

		
		 	  

  

	2.	 Storage of Hazardous Materials. 

 

	 	2.1	 Will any hazardous materials be used or stored on-site?

  

							
		 	Wastes	  	Yes _____	  	No _____
				
		 	Chemical Products	  	Yes _____	  	No _____

  

	 	2.2	 Attach a list of any hazardous materials to be used or stored, the quantities that will be on-site at any given time, and the location and method of storage (e.g., 55-gallon drums on concrete pad). 

 

	3.	 Storage Tanks and Sumps. 

 

	 	3.1	 Is any above or below ground storage of gasoline, diesel or other hazardous substances in tanks or sumps
proposed or currently conducted at the premises? 

  

					
		 	Yes _____	  	No _____

 If yes, describe the materials to be stored, and the type, size and construction of the sump or tank. Attach
copies of any permits obtained for the storage of such substances. 

  
 E-1 

			
		  	  

		
		  	  

		
		  	  

  

	 	3.2	 Have any of the tanks or sumps been inspected or tested for leakage? 

 

					
		 	Yes _____	  	No _____

 If so, attach the results. 
  

	 	3.3	 Have any spills or leaks occurred from such tanks or sumps? 

Yes _____             No _____ 

If so, describe. 
  

			
		  	  

		
		  	  

  

	 	3.4	 Were any regulatory agencies notified of the spill or leak? 

Yes _____             No _____ 

If so, attach copies of any spill reports filed, any clearance letters or other correspondence from regulatory agencies relating to the spill
or leak. 
  

	 	3.5	 Have any underground storage tanks or sumps been taken out of service or removed? 

Yes _____ No _____ 
 If yes,
attach copies of any closure permits and clearance obtained from regulatory agencies relating to closure and removal of such tanks. 
  

	4.	 Spills. 

  

	 	4.1	 During the past year, have any spills occurred at the premises? 

Yes _____ No _____ 
 If yes,
please describe the location of the spill. 
  

			
		  	  

		
		  	  

  

	 	4.2	 Were any agencies notified in connection with such spills? 

Yes _____ No _____ 
 If yes,
attach copies of any spill reports or other correspondence with regulatory agencies. 
  

	 	4.3	 Were any clean-up actions undertaken in connection with the spills?

 Yes _____ No _____ 

  
 E-2 

 Attach copies of any clearance letters obtained from any regulatory agencies involved and
the results of any final soil or groundwater sampling done upon completion of the clean-up work. 
  

	5.	 Waste Management. 

 

	 	5.1	 Has your company been issued an EPA Hazardous Waste Generator ID Number? 

Yes _____             No _____ 

 

	 	5.2	 Has your company filed a biennial report as a hazardous waste generator? 

Yes _____             No _____ 

If so, attach a copy of the most recent report filed. 
  

	 	5.3	 Attach a list of the hazardous wastes, if any, generated or to be generated at the premises, its hazard class
and the quantity generated on a monthly basis. 

  

	 	5.4	 Describe the method(s) of disposal for each waste. Indicate where and how often disposal will take place.

  

			
		 	_____ On-site treatment or recovery
		
		 	  

		
		 	_____ Discharged to sewer
		
		 	  

		
		 	_____ Transported and Disposal of off-site
		
		 	  

		
		 	_____ Incinerator
		
		 	  

  

	 	5.5	 Indicate the name of the person(s) responsible for maintaining copies of hazardous waste manifests completed
for off-site shipments of hazardous waste. 

  

			
		  	  

		
		  	  

  

	 	5.6	 Is any treatment of processing of hazardous wastes currently conducted or proposed to be conducted at the
premises: 

 Yes _____             No _____ 

If yes, please describe any existing or proposed treatment methods. 
  

			
		  	  

		
		  	  

  

	 	5.7	 Attach copies of any hazardous waste permits or licenses issued to your company with respect to its operations
at the premises. 

  
 E-3 

	6.	 Wastewater Treatment/Discharge. 

 

	 	6.1	 Do you discharge wastewater to: 

 

					
		 	_____ storm drain?	  	_____ sewer?
			
		 	_____ surface water?	  	_____ no industrial discharge

  

	 	6.2	 Is your wastewater treated before discharge? 

Yes _____             No _____ 

If yes, describe the type of treatment conducted. 
  

			
		  	  

		
		  	  

  

	 	6.3	 Attach copies of any wastewater discharge permits issued to your company with respect to its operations at the
premises. 

  

	7.	 Air Discharges. 

 

	 	7.1	 Do you have any filtration systems or stacks that discharge into the air? 

Yes _____             No _____ 

 

	 	7.2	 Do you operate any of the following types of equipment or any other equipment requiring an air emissions
permit? 

  

			
		  	                Spray booth
		
		  	                Dip tank
		
		  	                Drying oven
		
		  	                Incinerator
		
		  	                Other (please describe) ___________________________________
		
		  	                No equipment requiring air permits

  

	 	7.3	 Are air emissions from your operations monitored? 

Yes _____             No _____ 

If so, indicate the frequency of monitoring and a description of the monitoring results. 

 

			
		  	  

		
		  	  

  

	 	7.4	 Attach copies of any air emissions permits pertaining to your operations at the premises.

  

	8.	 Hazardous Materials Disclosures. 

 

	 	8.1	 Does your company handle hazardous materials in a quantity equal to or exceeding an aggregate of 500 pounds, 55
gallons, or 200 cubic feet per month? 

 Yes _____
            No _____ 

  
 E-4 

	 	8.2	 Has your company prepared a hazardous materials management plan pursuant to any applicable requirements of a
local fire department or governmental agency? 

 Yes _____
            No _____ 
 If so, attach a copy of the business plan. 

 

	 	8.3	 Has your company adopted any voluntary environmental, health or safety program? 

Yes _____             No _____ 

If so, attach a copy of the program. 
  

	9.	 Enforcement Actions, Complaints. 

 

	 	9.1	 Has your company ever been subject to any agency enforcement actions, administrative orders, or consent
decrees? 

 Yes _____             No _____ 

If so, describe the actions and any continuing compliance obligations imposed as a result of these actions. 

 

			
		  	  

		
		  	  

  

	 	9.2	 Has your company ever received requests for information, notice or demand letters, or any other inquiries
regarding its operations? 

 Yes _____             No _____

  

	 	9.3	 Have there ever been, or are there now pending, any lawsuits against the company regarding any environmental or
health and safety concerns? 

 Yes _____             No _____

  

	 	9.4	 Has an environmental audit ever been conducted at your company’s current facility? 

Yes _____             No _____ 

If so, identify who conducted the audit and when it was conducted. 
  

			
		  	  

		
		  	  

		
		  	  

		
		  	  

  

	
	                                      
                                         
                                     
	Company Name

  
 E-5 

	
	By:                                     
                                         
  
	
	Title:                                     
                                        

	
	Date:                                     
                                        

  
 E-6 

 EXHIBIT F 

MISSION PARK SIGN CRITERIA 
 BUSINESS
IDENTIFICATION SIGNS 
  

	1.	 Tenant shall be permitted to install, at its sole cost and expense, only one business identification sign
within the existing exterior monument sign. No other business identification signage shall be allowed including but not limited to any signage painted on or otherwise attached in any manner to the exterior building surfaces, planter walls, roof or
other on-site or offsite improvements. 

  

	2.	 No alterations shall be allowed to the exterior Building monument signs except as described below.

  

	3.	 A layout of the proposed monument sign showing copy, dimensions, materials, colors, installation details, etc.
must be submitted to the Landlord prior to fabrication and installation. All Tenant signage shall require the advanced written approval by Landlord. In addition, signage must comply fully with any and all specific requirements of the CC&R’s
and as directed by any and all local, state and federal building codes and requirements. 

 MONUMENT SIGNS 

 

	1.	 All lettering surfaces shall be a uniform white finish. 

 

	2.	 Multi-colored, die-cut-vinyl
lettering affixed to the allowable surface area shall be permitted. 

  

	3.	 The use of corporate logos and trade style shall be permitted, subject to Landlord’s written approval,
provided such logos or trade styles are within the allowable sign area. 

  

	4.	 Logo and lettering shall not exceed 80% of the designated sign area. 

INFORMATIONAL AND VEHICULAR CONTROL SIGNS 
  

	1.	 All informational and vehicular control signs shall require specific written approval by Landlord.

  

	2.	 No informational or vehicular control signs shall have a panel, which exceeds 5 square feet in area per side.

  

	3.	 No informational or vehicular control sign shall exceed a height of 4 feet above the underlying grade.

  

	4.	 No informational or vehicular control sign shall be located so as to reduce the flow of vehicles or
pedestrians. 

  

	5.	 No informational or vehicular control signs shall be internally illuminated or illuminated from the ground.

 GENERAL REQUIREMENTS 
  

	1.	 All sign contractors employed by the Tenant, or Tenant’s Agents, shall provide proof of current
Workers’ Compensation and certificates of insurance. The Tenant shall indemnify the Landlord from any damages that may arise from the installation, maintenance, use or removal of the Tenants’ sign. 

 

	2.	 All signs shall be constructed, installed, maintained and removed at the Tenant’s sole cost and expense.
Landlord may require Tenant to replace the sign, as needed, at Tenant’s sole cost and expense in order to maintain an acceptable appearance of the sign. 

  
 F-1 

	3.	 No messages or advertising of any kind including, but not limited to, advertising of products, services or job
openings, grand opening, etc. shall be permitted. 

  

	4.	 No trademarks, name, stamps or decals of the sign manufacturer or installer may be displayed on any portion of
the sign. 

  

	5.	 Landlord reserves the right to refuse acceptance of any design for aesthetic or installation compliance as
interpreted by the Landlord at its sole and absolute discretion. 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  
 F-2 

 EXHIBIT G 

LETTER OF CREDIT 
 (to
be attached) 

  
 G-1 

 

 
 THIS DRAFT IS FOR DISCUSSION PURPOSES ONLY. 

IT WILL BECOME AN INTEGRAL PART OF AND MUST BE ATTACHED TO WESTERN ALLIANCE BANK APPLICATION FOR STANDBY LETTER OF CREDIT WHEN APPROVED FOR ISSU
ANCE BY APPLICANT 
  
  

IRREVOCABLE STANDBY LETTER OF CREDIT NO LC_______ 
  

			
	DATE:	  	            
		
	ISSUING BANK:	  	WESTERN ALLIANCE BANK
		  	55 ALMADEN BOULEVARD, SUITE 100
		  	SAN JOSE, CA 95113
		
	BENEFICIARY:	  	WASHCOP I LIMITED PARTNERSHIP
		  	C/O WASHINGTON HOLDINGS
		  	600 UNIVERSITY STREET, SUITE 2820
		  	SEATTLE, WA 98101
		
		  	WITH A COPY TO:
		
		  	WASHINGTON HOLDINGS
		  	1800 WYATT DRIVE, SUITE 8
		  	SANTA CLARA, CA 95054
		
	APPLICANT:	  	CARDIVA MEDICAL, INC.
		  	1615 WYATT DRIVE
		  	SANTA CLARA, CA 95054
		
	AMOUNT:	  	USD 200,000.00
		
	EXPIRATION DATE:	  	OCTOBER XX, 2019 [ONE YEAR FROM ISSUANCE]
		
	LOCATION:	  	AT OUR COUNTER IN SAN JOSE, CALIFORNIA

 WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. LC______ IN YOUR FAVOR (THE “BENEFICIARY”)
AVAILABLE BY YOUR DRAFTS DRAWN ON US AT SIGHT IN THE FORM OF EXHIBIT “A” ATTACHED AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS: 
  

	 	1.	 THE ORIGINAL OF THIS LETTER OF CREDIT AND ALL AMENDMENT(S), IF ANY. 

 

	 	2.	 YOUR SIGHT DRAFT DRAWN ON US IN THE FORM ATTACHED HERETO AS EXH1BIT “A”. 

 

	 	3.	 BENEFICIARY’S DATED AND SIGNED STATEMENT STATING THE FOLLOWING: 

 

	 	(A)	 “THE UNDERSIGNED, AN AUTHORIZED REPRESENTATIVE OF THE BENEFICIARY OF THE STANDY LETTER OF CREDIT
NO.                (THE “LETTER OF CREDIT”), HEREBY CERTIFIES THAT IN ACCORDANCE WITH THAT CERTAIN LEASE AGREEMENT DATED ______, 2018, BY AND BETWEEN WASHCOP I
LIMITED PARTNERSHIP AS “ LANDLORD” AND CARDIVA MEDICAL, INC. AS “TENANT” AND/OR ANY AMENDMENT TO THE LEASE OR ANY OTHER AGREEMENT BETWEEN SUCH PARTIES RELATED TO THE LEASE, BENEFICIARY IS ENTITLED TO DRAW ON THE LETTER OF CREDIT
IN THE REQUESTED AMOUNT AS A RESULT THEREOF.” 

 [OR] 

 

	 	(B)	 THE UNDERSIGNED, AN AUTHORIZED REPRESENTATIVE OF THE BENEFICIARY OF THE STANDBY LETTER OF CREDIT
NO.                (THE “LETTER OF CREDIT”), HEREBY CERTIFIES THAT (I) BENEFICIARY HAS RECEIVED NOTICE FROM WESTERN ALLIANCE BANK THAT THE LETTER
OF CREDIT WILL NOT BE EXTENDED BEYOND ITS CURRENT EXPIRATION DATE, AND (II) THE 

  

			
	DRAFT LANGUAGE APPROVED FOR ISSUANCE BY:	  	Page 1 of 7
		
	                                      
                                  	  	
	CLIENT SIGNATURES	  	
	WESTERN ALLIANCE BANK. MEMBER FDIC

 “TENANT” UNDER THAT CERTAIN LEASE AGREEMENT DATED ______, 2018, BY AND
BETWEEN WASHCOP I LIMITED PARTNERSHIP AS “LANDLORD” AND CARDIVA MEDICAL, INC. AS “TENANT”, HAS FAILED TO SECURE AND DELIVER TO BENEFICIARY A REPLACEMENT LETTER OF CREDIT IN THE FORM AND SUBSTANCE SATISFACTORY TO
BENEFICIARY WITHIN SIXTY (60) DAYS PRIOR TO THE EXPIRATION OF THE LETTER OF CREDIT.” 
 THE LEASE AGREEMENT MENTIONED ABOVE IS FOR IDENTIFICATION
PURPOSES ONLY AND IT IS NOT INTENDED THAT SAID LEASE AGREEMENT BE INCORPORATED HEREIN OR FORM PART OF THIS LETTER OF CREDIT. 
 PARTIAL DRAWING AND MULTIPLE
PRESENTATIONS ARE ALLOWED. THIS ORIGINAL LETTER OF CREDIT MUST ACCOMPANY ANY DRAWINGS HEREUNDER FOR ENDORSEMENT OF THE DRAWING AMOUNT AND WILL BE RETURNED TO THE BENEFICIARY UNLESS IT IS FULLY UTILIZED. 

WE AGREE THAT WE SHALL HAVE NO DUTY OR RIGHT TO INQUIRE AS TO THE BASIS UPON WHICH BENEFICIARY HAS DETERMINED THAT THE AMOUNT IS DUE AND OWING OR HAS
DETERMINED TO PRESENT TO US ANY DRAFTS UNDER THIS LETTER OF CREDIT, AND THE PRESENTATION OF SUCH DRAFTS ARE IN STRICT COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE LETTER OF CREDIT, SHALL AUTOMATICALLY RESULT IN PAYMENT TO THE BENEFICIARY WITHOUT
INQUIRY INTO THE EFFECTIVENESS OF BENEFICIARY’S SIGNED STATEMENT AND REGARDLESS OF WHETHER APPLICANT DISPUTES THE CONTENT OF SUCH STATEMENT. 
 THIS
LETTER OF CREDIT MAY ONLY BE TRANSFERRED BY THE BENEFICIARY IN ITS ENTIRETY THROUGH THE ISSUING BANK BUT IN EACH INSTANCE TO A SINGLE TRANSFEREE AND ONLY ITS ENTIRETY UP TO THE THEN AVAILABLE AMOUNT IN FAVOR OF ANY NOMINATED TRANSFEREE, ASSUMING
SUCH TRANSFER TO SUCH TRANSFEREE WOULD BE IN COMPLIANCE WITH THEN APPLICABLE LAW AND REGULATIONS, INCLUDING BUT NOT LIMITED TO THE REGULATIONS OF THE U.S. DEPARTMENT OF TREASURY AND U.S. DEPARTMENT OF COMMERCE, UPON OUR RECEIPT OF THE ATTACHED
EXHIBIT “ B” DULY COMPLETED AND EXECUTED BY THE BENEFICIARY AND ACCOMPANIED BY THE ORIGINAL LETTER OF CREDIT AND ORIGINAL AMENDMENT(S). OUR TRANSFER FEE IN CONNECTION WITH ANY SUCH TRANSFER SHALL BE PAYABLE BY APPLICANT. HOWEVER, ANY
TRANSFER IS NOT CONTINGENT UPON APPLICANT’S ABILITY TO PAY OUR TRANSFER FEE. THE CORRECTNESS OF THE SIGNATURE AND TITLE OF THE PERSON SIGNING THE TRANSFER FORM MUST BE VERIFIED BY BENEFICIARY’S BANK, PROVIDED THAT IN LIEU OF SUCH BANK
AUTHENTICATION, BENEFICIARY MAY PROVIDE THE ISSUING BANK WITH AN INCUMBENCY CERTIFICATE DOCUMENTING THE SIGNER’S AUTHORITY OR OTHER ALTERNATIVE EVIDENCE REASONABLY SATISFACTORY TO THE ISSUING BANK DOCUMENTING THE SAME. IN THE EVENT THAT THE
ISSUING BANK INCURS ADDITIONAL FEES (OTHER THAN THE TRANSFER FEE SPECIFIED ABOVE) RELATED TO THE REVIEW OF SUCH ADDITIONAL DOCUMENTATION, SUCH FEES SHALL BE THE SOLE RESPONSIBILITY OF APPLICANT. HOWEVER, ANY TRANSFER IS NOT CONTINGENT UPON
APPLICANT’S ABILITY TO PAY ANY SUCH ADDITIONAL FEES. 
 DRAFT(S) AND DOCUMENTS MUST INDICATE THE NUMBER AND DATE OF THIS LETTER OF CREDIT. 

THE DATE THIS LETTER OF CREDIT FULLY AND FINALLY EXPIRES, FEBRUARY 29, 2024, IS THE “TERMINAL EXPIRY DATE”, IF IT HAS NOT PREVIOUSLY EXPIRED IN
ACCORDANCE WITH THE SUCCEEDING PARAGRAPH. NO PRESENTATIONS MADE UNDER THIS LETTER OF CREDIT AFTER THE TERMINAL EXPIRY DATE WILL BE HONORED. 
 THIS LETTER
OF CREDIT SHALL BE DEEMED AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR CONSECUTIVE ONE YEAR PERIODS FROM THE PRESENT OR EACH FUTURE EXPIRATION DATE, UNLESS AT LEAST NINETY (90) DAYS PRIOR TO THE THEN CURRENT EXPIRATION DATE WE HAVE SENT YOU A
WRITTEN NOTICE BY REGISTERED MAIL OR OVERNIGHT COURIER SERVICE AT THE ABOVE ADDRESS THAT THIS LETTER OF CREDIT WILL NOT BE EXTENDED BEYOND THE CURRENT EXPIRATION DATE. A COPY OF OUR ABOVE NOTICE OF
NON-EXTENSION SHALL BE SENT TO WASHINGTON HOLDINGS, 1800 WYATT DRIVE, SUITE 8, SANTA CLARA, CA 95054. HOWEVER, LACK OF RECEIPT OF SUCH COPY DOES NOT INVALIDATE OUR NOTICE OF
NON-EXTENSION TO THE BENEFICIARY. 

  

			
	DRAFT LANGUAGE APPROVED FOR ISSUANCE BY:	  	Page 2 of 7
		
	                                      
                                  	  	
	CLIENT SIGNATURES	  	
	WESTERN ALLIANCE BANK. MEMBER FDIC

 DOCUMENTS MUST BE FORWARDED TO US BY HAND DELIVERY OR OVERNIGHT DELIVERY SERVICE TO: WESTERN ALLIANCE BANK,
55 ALMADEN BLVD., SUITE 100, SAN JOSE, CA 95113, U.S.A . ATTENTION: INTERNATIONAL BANKING—STANDBY LETTER OF CREDIT DEPARTMENT. 
 PRESENTATION OF SUCH
DRAWING DOCUMENTS MAY ALSO BE MADE BY FAX TRANSMISSION TO FAX NO.(408) 275-0362 OR SUCH OTHER FAX NUMBER IDENTIFIED BY ISSUER IN A WRITTEN NOTICE TO YOU. TO THE EXTENT A PRESENTATION IS MADE BY FAX
TRANSMISSION, YOU MUST (I) PROVIDE EMAIL NOTIFICATION THEREOF TO ISSUER AT LETTEROFCREDIT-DL@BRIDGEBANK.COM PRIOR TO OR SIMULTANEOUSLY WITH THE SENDING OF SUCH FAX TRANSMISSION AND (II) SEND THE
ORIGINAL OF THE DRAWING DOCUMENTS TO ISSUER BY OVERNIGHT COURIER TO THE ADDRESS PROVIDED BELOW FOR PRESENTATION OF DOCUMENTS. 
 IF THE DRAWING DOCUMENTS
ARE PRESENTED HEREUNDER BY SIGHT OR FACSIMILE TRANSMISSION AS PERMITTED HEREUNDER, AND PROVIDED THAT SUCH DRAWING DOCUMENTS CONFORM TO THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT, PAYMENT SHALL BE MADE TO YOU, OR TO YOUR DESIGNEE, OF THE
AMOUNT SPECIFIED, IN IMMEDIATELY AVAILABLE FUNDS ON THE FOURTH BANKING DAY SUBJECT TO THE BANK’S RECEIPT OF THE ORIGINAL DRAWING DOCUMENTS. IF A DEMAND FOR PAYMENT MADE BY YOU HEREUNDER DOES NOT, IN ANY INSTANCE, CONFORM TO THE TERMS AND
CONDITIONS OF THIS LETTER OF CREDIT, WE SHALL GIVE YOU NOTICE WITHIN TWO (2) BANKING DAYS THAT THE DEMAND FOR PAYMENT WAS NOT EFFECTED IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT, STATING THE REASONS THEREFOR AND THAT
WE WILL UPON YOUR INSTRUCTIONS HOLD ANY DOCUMENTS AT YOUR DISPOSAL OR RETURN THE SAME TO YOU. UPON BEING NOTIFIED THAT THE DEMAND FOR PAYMENT WAS NOT EFFECTED IN CONFORMITY WITH THIS LETTER OF CREDIT, YOU MAY ATTEMPT TO CORRECT ANY SUCH NON-CONFORMING DEMAND FOR PAYMENT SUBJECT TO THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT. 
 AS USED HEREIN, THE
TERM “BANKING DAY” MEANS A DAY ON WHICH WE ARE OPEN AT OUR ABOVE ADDRESS IN SAN JOSE, CALIFORNIA TO CONDUCT OUR LETTER OF CREDIT BUSINESS. NOTWITHSTANDING ANY PROVISION TO THE CONTRARY IN THE ISP98 (AS HEREINAFTER DEFINED), IF THE
EXPIRATION DATE OR THE TERMINAL EXPIRY DATE IS NOT A BANKING DAY THEN SUCH DATE SHALL BE AUTOMATICALLY EXTENDED TO THE NEXT SUCCEEDING DATE WHICH IS A BANKING DAY. 

ALL BANKING CHARGES UNDER THIS LETTER OF CREDIT INCLUDING WIRE REMITTANCE FEE ARE FOR THE ACCOUNT OF THE APPLICANT. 

WE HEREBY ENGAGE WITH YOU THAT THE DRAFT(S) DRAWN UNDER AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT SHALL BE DULY HONORED UPON
PRESENTATION TO THE DRAWEE, IF PRESENTED ON OR BEFORE THE EXPIRATION DATE OF THIS LETTER OF CREDIT. 
 IF ANY INSTRUCTIONS ACCOMPANYING A DRAWING UNDER THIS
LETTER OF CREDIT REQUEST THAT PAYMENT IS TO BE MADE BY TRANSFER TO YOUR ACCOUNT WITH ANOTHER BANK, WE WILL ONLY EFFECT SUCH PAYMENT BY FED WIRE TO A U.S. REGULATED BANK, AND WE AND/OR SUCH OTHER BANK MAY RELY ON AN ACCOUNT NUMBER SPECIFIED IN SUCH
INSTRUCTIONS EVEN IF THE NUMBER IDENTIFIES A PERSON OR ENTITY DIFFERENT FROM THE INTENDED PAYEE. 
 THIS LETTER OF CREDIT IS SUBJECT TO THE INTERNATIONAL
STANDBY PRACTICES (ISP98), INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION NO. 590. 
 WESTERN ALLIANCE BANK 

 

                          
                                         
                                      

EXECUTIVE VICE PRESIDENT 

  

			
	DRAFT LANGUAGE APPROVED FOR ISSUANCE BY:	  	Page 3 of 7
		
	                                      
                                  	  	
	CLIENT SIGNATURES	  	
	WESTERN ALLIANCE BANK. MEMBER FDIC

 EXHIBIT “A” 

 

			
	 
	SIGHT DRAFT/BILL OF EXCHANGE
	 	 
	DATE:                            
                            	  	 REF
NO.                                

	 	 
	AT SIGHT OF THIS BILL OF EXCHANGE	  	 
	 
	PAY TO THE ORDER
OF                                        
                                         
             USS                           
                                     
	 
	US
DOLLARS                                        
                                         
                                         
                                         
                         
	 
	“DRAWN UNDER WESTERN ALLIANCE BANK SAN JOSE CALIFORNIA IRREVOCABLE STANDBY LETTER OF CREDIT
NUMBER:                                        
        ,
DATED:                                        
    .’’
	 	 
	 TO:  WESTERN ALLIANCE BANK

INTERNATIONAL BANKING
 55
ALMADEN BLVD
SUITE 100
 SAN JOSE, CA, 95113

U.S.A.
	  	 WASHCOP I LIMITED PARTNERSHIP

(“BENEFICIARY”)

	 	  	
                          
                                         
         
 AUTHORIZED SIGNATURE

	 	  	 

 GUIDELINES TO PREPARE THE SIGHT DRAFT OR BILL OF EXCHANGE: 

 

					
	1.	  	DATE	  	ISSUANCE DATE OF DRAFT OR BILL OF EXCHANGE.
	2.	  	REFNO	  	YOUR REFERENCE NUMBER, IF ANY.
	3.	  	PAY TO THE ORDER OF:	  	NAME OF BENEFICIARY
	4.	  	US$	  	AMOUNT OF DRAWING IN NUMERIC FIGURES
	5.	  	US DOLLARS	  	AMOUNT OF DRAWING - IN WORDS.
	6.	  	LETTER OF CREDIT NUMBER:	  	OUR STANDBY LETTER OF CREDIT NUMBER
	7.	  	DATED:	  	ISSUANCE DATE OF STANDBY LETTER OF CREDIT

 NOTE: BENEFICIARY MUST ENDORSE THE BACK OF THE SIGHT DRAFT OR BILL OF EXCHANGE AS YOU WOULD ENDORSE A CHECK. 

  

			
	DRAFT LANGUAGE APPROVED FOR ISSUANCE BY:	  	Page 4 of 7
		
	                                      
                                  	  	
	CLIENT SIGNATURES	  	
	WESTERN ALLIANCE BANK. MEMBER EDIC

 EXHIBIT “B” 

LETTER OF CREDIT TRANSFER INSTRUCTIONS 
  

			
	TO:	  	WESTERN ALLIANCE BANK
		  	55 ALMADEN BLVD
		  	SUITE 100
		  	SAN JOSE, CA 95113
		  	U.S.A.
		
	ATTN:	  	INTERNATIONAL BANKING
		  	[intentionally omitted]
		
	DATE:	  	                            
		
	RE:	  	 WESTERN ALLIANCE BANK IRREVOCABLE STANDBY LETTER OF CREDIT NO.________________

LETTER OF CREDIT DATED:________________

 LADIES AND GENTLEMEN: 
 FOR
VALUE RECEIVED, THE UNDERSIGNED BENEFICIARY (“BENEFICIARY”) HEREBY IRREVOCABLY TRANSFERS TO: 
  

	
	                                      
                                         
             
	(NAME OF TRANSFEREE)
	
	                                      
                                         
             
	(ADDRESS)
	
	                                      
                                         
             
	(CONTACT NAME)
	
	                                      
                                         
             
	(TELEPHONE NUMBER)

 (“TRANSFEREE”) ALL RIGHTS OF BENEFICIARY UNDER THE ABOVE LETTER OF CREDIT (“ LETTER OF CREDIT”) AND
TRANSFEREE SHALL HAVE SOLE RIGHTS AS BENEFICIARY THEREOF, INCLUDING WITHOUT LIMITATION SOLE RIGHTS RELATING TO ANY AMENDMENTS THERETO, WHETHER INCREASES OR EXTENSIONS OR OTHER AMENDMENTS AND WHETHER NOW EXISTING OR HEREAFTER MADE. IN CONNECTION WITH
THE FOREGOING, BENEFICIARY HEREBY IRREVOCABLY AGREES AND INSTRUCTS YOU. 
  

	 	(A)	 THAT BENEFICIARY DOES NOT RETAIN ANY RIGHT TO REFUSE TO ALLOW YOU TO ADVISE TRANSFEREE OF ANY AMENDMENT TO THE
LETTER OF CREDIT, 

  

	 	(B)	 THAT ALL FUTURE AMENDMENTS TO THE LETTER OF CREDIT ARE TO BE ADVISED DIRECTLY TO TRANSFEREE WITHOUT NECESSITY
OF ANY CONSENT OF OR NOTICE TO BENEFICIARY, AND 

  

	 	(C)	 THAT THERE WILL BE NO SUBSTITUTION OF BENEFICIARY’S DRAFT(S) AND/OR OTHER DOCUMENTS FOR THOSE PRESENTED TO
YOU BY TRANSFEREE. 

 WE ENCLOSE HEREWITH THE ORIGINAL LETTER OF CREDIT (AND ALL ORIGINAL AMENDMENTS THERETO DATED ON OR PRIOR TO THE DATE
OF THESE TRANSFER INSTRUCTIONS) AND, TOGETHER WITH TRANSFEREE, REQUEST THAT YOU TRANSFER THE LETTER OF CREDIT TO TRANSFEREE BY REISSUING THE LETTER OF CREDIT IN FAVOR OF THE TRANSFEREE WITH PROVISIONS CONSISTENT WITH THE LETTER OF CREDIT.
BENEFICIARY AND TRANSFEREE AGREE THAT ANY CHARGES ASSESSED BY YOU IN RELATION TO THIS 

  

			
	DRAFT LANGUAGE APPROVED FOR ISSUANCE BY:	  	Page 5 of 7
		
	                                      
                                  	  	
	CLIENT SIGNATURES	  	
	WESTERN ALLIANCE BANK. MEMBER FDIC

 
TRANSFER SHALL BE PAID BY APPLICANT. HOWEVER, THIS TRANSFER SHALL IN NO EVENT BE CONTINGENT UPON SUCH PAYMENT BY APPLICANT. 

WE WARRANT THAT THE TRANSACTION INVOLVED IS NOT IN VIOLATION OF ANY U.S. FOREIGN ASSETS CONTROL REGULATIONS. 

THIS TRANSFER SHALL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF CALIFORNIA WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES, ANY DISPUTES
WITH RESPECT TO OR ARISING RELATED THERETO SHALL BE SUBJECT TO THE JURISDICTION OF THE COURTS OF THE STATE TO WHICH JURISDICTION THE PARTIES HEREBY SUBMIT. 
  

			
	 VERY TRULY YOURS,
  

                          
                                         
                                 

(NAME OF BENEFICIARY)
  

                          
                                         
                                 

(AUTHORIZED SIGNATURE)
  

ACKNOWLEDGED AND ACCEPTED THIS
  

__________ DAY OF __________, _____________
  

                          
                                         
                                 

(NAME OF TRANSFEREE)
  

                          
                                         
                                 

(AUTHORIZED SIGNATURE)
  
	  	  

SIGNATURE AUTHENTICATED
  

The name(s), title(s), and signature(s) conform to that/those on file with us for the company and the signature(s) is/are authorized to execute this
instrument.
  

                       
                                         
                                        

(Name of Beneficiary’s Bank)
  

                       
                                         
                                        

(Address of Bank)
  

                       
                                         
                                        

(City, State, ZIP Code)
  

                       
                                         
                                        

(Authorized Name and Title)
  

                       
                                         
                                        

(Authorized Signature)
  

                       
                                         
                                        

(Telephone number)
  

  

			
	DRAFT LANGUAGE APPROVED FOR ISSUANCE BY:	  	Page 6 of 7
		
	                                      
                                  	  	
	CLIENT SIGNATURES	  	
	WESTERN ALLIANCE BANK. MEMBER FDIC

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