Document:

Lease dated as of July 20, 2006

 EXHIBIT 10.6 
 OFFICE LEASE 
 2000 AVENUE OF THE STARS

 ENTERTAINMENT CENTER L.L.C., 
 a Delaware limited liability company 
 as Landlord, 
 and 
 IMPERIAL
CAPITAL, LLC, 
 a Delaware limited liability company, 
 as Tenant. 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
			
	 ARTICLE 1
	 	     PREMISES, BUILDING, PROJECT, AND COMMON AREAS
	  	5
			
	 1.1
	 	 Premises, Building, Project and Common Areas
	  	5
			
	 1.2
	 	 Verification of Rentable Square Feet of Premises and Building
	  	6
			
	 1.3
	 	 Secondary Right of Offer
	  	7
			
	 ARTICLE 2
	 	     LEASE TERM; OPTION TERM
	  	8
			
	 2.1
	 	 Initial Lease Term
	  	8
			
	 2.2
	 	 Option Term
	  	9
			
	 2.3
	 	 Early Occupancy Period
	  	12
			
	 ARTICLE 3
	 	     BASE RENT
	  	12
			
	 3.1
	 	 In General
	  	12
			
	 3.2
	 	 Abated Base Rent
	  	13
			
	 ARTICLE 4
	 	     ADDITIONAL RENT
	  	13
			
	 4.1
	 	 General Terms
	  	13
			
	 4.2
	 	 Definitions of Key Terms Relating to Additional Rent
	  	13
			
	 4.3
	 	 Allocation of Direct Expenses
	  	21
			
	 4.4
	 	 Calculation and Payment of Additional Rent
	  	21
			
	 4.5
	 	 Taxes and Other Charges for Which Tenant Is Directly Responsible
	  	22
			
	 4.6
	 	 Landlord’s Books and Records
	  	23
			
	 ARTICLE 5
	 	     USE OF PREMISES
	  	24
			
	 5.1
	 	 Permitted Use
	  	24
			
	 5.2
	 	 Prohibited Uses
	  	24
			
	 5.3
	 	 CC&Rs
	  	24
			
	 5.4
	 	 Prohibited Uses
	  	25
			
	 ARTICLE 6
	 	     SERVICES AND UTILITIES
	  	25
			
	 6.1
	 	 Standard Tenant Services
	  	25
			
	 6.2
	 	 Overstandard Tenant Use
	  	26
			
	 6.3
	 	 Interruption of Use
	  	27
			
	 6.4
	 	 Rent Abatement
	  	28
			
	 ARTICLE 7
	 	     REPAIRS
	  	28
			
	 7.1
	 	 Repair Obligations
	  	28

  

 i 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	 	 	  	Page
			
	 7.2
	 	 Tenant’s Right to Make Repairs
	  	29
			
	 ARTICLE 8
	 	     ADDITIONS AND ALTERATIONS
	  	30
			
	 8.1
	 	 Landlord’s Consent to Alterations
	  	30
			
	 8.2
	 	 Manner of Construction
	  	30
			
	 8.3
	 	 Payment for Improvements
	  	31
			
	 8.4
	 	 Construction Insurance
	  	32
			
	 8.5
	 	 Landlord’s Property
	  	32
			
	 ARTICLE 9
	 	     COVENANT AGAINST LIENS
	  	33
			
	 ARTICLE 10
	 	     INSURANCE
	  	33
			
	 10.1
	 	 Indemnification and Waiver
	  	33
			
	 10.2
	 	 Landlord’s Fire and Casualty Insurance
	  	34
			
	 10.3
	 	 Tenant’s insurance
	  	35
			
	 10.4
	 	 Form of Policies
	  	35
			
	 10.5
	 	 Subrogation
	  	36
			
	 10.6
	 	 Additional Insurance Obligations
	  	36
			
	 ARTICLE 11
	 	     DAMAGE AND DESTRUCTION
	  	36
			
	 11.1
	 	 Repair of Damage to Premises by Landlord
	  	36
			
	 11.2
	 	 Landlord’s Option to Repair
	  	37
			
	 11.3
	 	 Waiver of Statutory Provisions
	  	39
			
	 ARTICLE 12
	 	     NONWAIVER
	  	39
			
	 ARTICLE 13
	 	     CONDEMNATION
	  	40
			
	 ARTICLE 14
	 	     ASSIGNMENT AND SUBLETTING
	  	40
			
	 14.1
	 	 Transfers
	  	40
			
	 14.2
	 	 Landlord’s Consent
	  	41
			
	 14.3
	 	 Transfer Premium
	  	43
			
	 14.4
	 	 Landlord’s Option as to Subject Space
	  	43
			
	 14.5
	 	 Effect of Transfer
	  	44
			
	 14.6
	 	 Additional Transfers
	  	44
			
	 14.7
	 	 Occurrence of Default
	  	45
			
	 14.8
	 	 Non-Transfers
	  	45

  

 ii 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	 	 	  	Page
			
	 14.9
	 	 Occupancy by Others
	  	46
			
	 ARTICLE 15
	 	     SURRENDER OF PREMISES’ OWNERSHIP AND REMOVAL OF TRADE FIXTURES
	  	46
			
	 15.1
	 	 Surrender of Premises
	  	46
			
	 15.2
	 	 Removal of Tenant Property by Tenant
	  	46
			
	 ARTICLE 16
	 	     HOLDING OVER
	  	47
			
	 ARTICLE 17
	 	     ESTOPPEL CERTIFICATES
	  	48
			
	 ARTICLE 18
	 	     SUBORDINATION
	  	48
			
	 ARTICLE 19
	 	     DEFAULTS; REMEDIES
	  	49
			
	 19.1
	 	 Events of Default
	  	49
			
	 19.2
	 	 Remedies Upon Default
	  	50
			
	 19.3
	 	 Subleases of Tenant
	  	51
			
	 19.4
	 	 Landlord Default
	  	51
			
	 19.5
	 	 Efforts to Relet
	  	51
			
	 ARTICLE 20
	 	     COVENANT OF QUIET ENJOYMENT
	  	52
			
	 ARTICLE 21
	 	     LETTER OF CREDIT
	  	52
			
	 21.1
	 	 L-C Amount
	  	52
			
	 21.2
	 	 Application of the L-C
	  	52
			
	 21.3
	 	 Reduction of L-C Amount; Return of the L-C
	  	53
			
	 ARTICLE 22
	 	     INTENTIONALLY OMITTED
	  	54
			
	 ARTICLE 23
	 	     SIGNS
	  	54
			
	 23.1
	 	 Full Floors
	  	54
			
	 23.2
	 	 Multi-Tenant Floors
	  	54
			
	 23.3
	 	 Prohibited Signage and Other Items
	  	54
			
	 ARTICLE 24
	 	     COMPLIANCE WITH LAW
	  	54
			
	 ARTICLE 25
	 	     LATE CHARGES; INTEREST
	  	55
			
	 25.1
	 	 Late Charges
	  	55
			
	 25.2
	 	 Interest
	  	55
			
	 ARTICLE 26
	 	     LANDLORD’S RIGHT TO CURE DEFAULT; PAYMENTS BY TENANT
	  	55
			
	 26.1
	 	 Landlord’s Cure
	  	55

  

 iii 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	 	 	  	Page
			
	 26.2
	 	 Tenant’s Reimbursement
	  	55
			
	 ARTICLE 27
	 	     ENTRY BY LANDLORD
	  	56
			
	 ARTICLE 28
	 	     TENANT PARKING
	  	57
			
	 28.1
	 	 Tenant Parking Passes
	  	57
			
	 28.2
	 	 Other Terms
	  	57
			
	 28.3
	 	 Parking Procedures
	  	58
			
	 ARTICLE 29
	 	     MISCELLANEOUS PROVISIONS
	  	58
			
	 29.1
	 	 Terms; Captions
	  	58
			
	 29.2
	 	 Binding Effect
	  	58
			
	 29.3
	 	 No Air Rights
	  	59
			
	 29.4
	 	 Modification of Lease
	  	59
			
	 29.5
	 	 Transfer of Landlord’s Interest
	  	59
			
	 29.6
	 	 Prohibition Against Recording
	  	59
			
	 29.7
	 	 Landlord’s Title
	  	59
			
	 29.8
	 	 Relationship of Parties
	  	59
			
	 29.9
	 	 Application of Payments
	  	59
			
	 29.10
	 	 Time of Essence
	  	60
			
	 29.11
	 	 Partial Invalidity
	  	60
			
	 29.12
	 	 No Warranty
	  	60
			
	 29.13
	 	 Landlord-Exculpation
	  	60
			
	 29.14
	 	 Entire Agreement
	  	60
			
	 29.15
	 	 Right to Lease
	  	61
			
	 29.16
	 	 Force Majeure
	  	61
			
	 29.17
	 	 Waiver of Redemption by Tenant
	  	61
			
	 29.18
	 	 Notices
	  	61
			
	 29.19
	 	 Joint and Several
	  	62
			
	 29.20
	 	 Authority
	  	62
			
	 29.21
	 	 Attorneys’ Fees
	  	62
			
	 29.22
	 	 Governing Law; WAIVER OF TRIAL BY JURY
	  	62
			
	 29.23
	 	 Submission of Lease
	  	63

  

 iv 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	 	 	  	Page
			
	 29.24
	 	 Brokers
	  	63
			
	 29.25
	 	 Independent Covenants
	  	63
			
	 29.26
	 	 Project or Building Name and Signage
	  	63
			
	 29.27
	 	 Counterparts
	  	63
			
	 29.28
	 	 Confidentiality
	  	63
			
	 29.29
	 	 Transportation Management
	  	63
			
	 29.30
	 	 Building Renovations
	  	64
			
	 29.31
	 	 No Violation
	  	64
			
	 29.32
	 	 Communications and Computer Lines
	  	64
			
	 29.33
	 	 Development of the Project
	  	65
			
	 29.34
	 	 Construction of Project and Other Improvements
	  	65
			
	 29.35
	 	 Office and Communications Services
	  	66
			
	 29.36
	 	 No Discrimination
	  	66
			
	 29.37
	 	 Access Control Cards
	  	66
			
	 29.38
	 	 Wireless Communications
	  	66

 EXHIBITS 
  

	A	OUTLINE OF PREMISES 

	B	TENANT WORK LETTER 

	C	NOTICE OF LEASE TERM DATES 

	D	RULES AND REGULATIONS 

	E	FORM OF TENANT’S ESTOPPEL CERTIFICATE 

	F	RECOGNITION OF COVENANTS, CONDITIONS, AND RESTRICTIONS 

	G	FORM OF LETTER OF CREDIT 

  

 v 

 INDEX 
  

			
	 10th Floor Lease
	  	7
	 Abatement Event
	  	28
	 Abatement Event Termination Date
	  	28
	 Abatement Event Termination Notice
	  	28
	 Abatement Notice
	  	28
	 Accountant
	  	23
	 Accountant’s Statement
	  	23
	 Actual Cost
	  	27
	 Additional Rent
	  	13
	 Affiliate
	  	45
	 Alterations
	  	30
	 Anticipated Delivery Date
	  	7
	 Approved Bank
	  	52
	 Base Rent
	  	13
	 Base Rent Abatement Period
	  	13
	 Base Year
	  	13
	 BOMA
	  	6
	 Brokers
	  	63
	 Building
	  	5
	 Building Common Areas
	  	6
	 Building Hours
	  	25
	 Building Structure
	  	29
	 Building Systems
	  	29
	 CAA
	  	8
	 CAA Expansion Right
	  	9
	 CAA Lease
	  	8
	 CC&Rs
	  	24
	 Claims
	  	33
	 Common Areas
	  	6
	 Comparable Buildings
	  	10
	 Comparable Transactions
	  	10
	 Concessions
	  	10
	 Construction Period
	  	10
	 Contemplated Effective Date
	  	43
	 Contemplated Transfer Space
	  	43
	 Control
	  	45
	 Cost Pools
	  	21
	 Damage Termination Date
	  	38
	 Damage Termination Notice
	  	38
	 Direct Expenses
	  	14
	 Early Occupancy Period
	  	12
	 Estimate
	  	22
	 Estimate Statement
	  	22

  

 vi 

			
	 Estimated Excess
	  	22
	 Excess
	  	21
	 Expense Year
	  	14
	 Fair Market Rent
	  	10
	 First Offer Commencement Date
	  	8
	 First Offer Notice
	  	7
	 First Offer Rent
	  	7
	 First Offer Space
	  	7
	 Force Majeure
	  	61
	 General Office Improvements
	  	30
	 Holidays
	  	25
	 HVAC
	  	25
	 Identification Requirements
	  	65
	 Intention to Transfer Notice
	  	43
	 Landlord
	  	1
	 Landlord Parties
	  	33
	 Landlord Party
	  	33
	 Landlord Repair Notice
	  	37
	 Landlord’s Communication Equipment
	  	67
	 Lease
	  	1
	 Lease Commencement Date
	  	8
	 Lease Expiration Date
	  	8
	 Lease Term
	  	8
	 Lease Year
	  	9
	 Liability Threshold
	  	60
	 Lines
	  	64
	 Mail
	  	61
	 Management Fee Cap
	  	16
	 NDA
	  	48
	 Nine Month Period
	  	44
	 Notice of Lease Term Dates
	  	9
	 Notices
	  	61
	 Operating Expenses
	  	14
	 Option Rent
	  	10
	 Option Rent Notice
	  	11
	 Option Term
	  	9
	 OREA
	  	24
	 Original Improvements
	  	35
	 Original Tenant
	  	7
	 Other Improvements
	  	65
	 Outside Agreement Date
	  	11
	 Pace
	  	6
	 Permitted Transferee
	  	46
	 Premises
	  	5
	 Proceeds
	  	60
	 Project Common Areas
	  	6

  

 vii 

			
	 Proposition 13
	  	19
	 Provider
	  	66
	 Quoted Rent
	  	42
	 Reconciliation Credit
	  	21
	 Reconciliation Payment
	  	21
	 Renovations
	  	64
	 Rent
	  	7
	 Security Deposit
	  	7
	 Security Deposit Laws
	  	52
	 Statement
	  	21
	 Statement Delivery Date
	  	21
	 Subject Space
	  	41
	 Summary
	  	1
	 Tax Expenses
	  	19
	 Tenant
	  	1
	 Tenant Parties
	  	34
	 Tenant Work Letter
	  	5
	 Tenant’s Occupants
	  	46
	 Tenant’s Security System
	  	26
	 Tenant’s Share
	  	20
	 Transfer Notice
	  	41
	 Transfer Premium
	  	43
	 Transferee
	  	41
	 Transferee’s Rent
	  	42
	 Transfers
	  	41
	 Wireless Communication Equipment
	  	67

  

 viii 

 2000 AVENUE OF THE STARS 
 OFFICE LEASE 
 This Office Lease (the “Lease”), dated as of the date set forth in Section 1 of the Summary of Basic Lease Information (the “Summary”), below, is made by and between ENTERTAINMENT CENTER L.L.C., a
Delaware limited liability company (“Landlord”), and IMPERIAL CAPITAL, LLC, a Delaware limited liability company (“Tenant”). 
 SUMMARY OF BASIC LEASE INFORMATION 
  

					
	 	  	 TERMS OF LEASE
	  	 DESCRIPTION

			
	1.	  	Date:	  	July 14, 2006
			
	2.	  	Premises	  	
			
		  	2.1 Building:	  	That certain building located at 2000 Avenue of the Stars, Los Angeles, California 90067.
			
		  	2.2 Premises:	  	The entire ninth (9th) floor of the South Tower of the Building, consisting of approximately 28,434 rentable square feet of space, commonly known as Suite 900-S, as further set forth in Exhibit A to the Office
Lease.
			
		  	2.3 Project;	  	The Building is part of an office project known as “2000 Avenue of the Stars”, as further set forth in Section 1.1.2 of this Lease.
			
	3.	  	 Lease Term
 (Article
2).
	  	
			
		  	3.1 Length of Term:	  	Subject to the terms of Section 2.1 of the Office lease, ten (10) years.
			
		  	3.2 Lease Commencement Date:	  	The earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Premises, and (ii) February 1, 2007, subject to Landlord’s receipt of a
temporary certificate of occupancy for the Building and Landlord’s completion of the work outlined in Section 1.1 of the Tenant Work Letter in accordance with its terms.

					
	 	  	 TERMS OF LEASE
	  	 DESCRIPTION

			
		  	3.3 Lease Expiration Date:	  	Subject to the terms of Section 2.1 of the Office Lease, the date immediately preceding the tenth (10th) anniversary of the Lease Commencement Date.
			
	4.	  	 Base Rent
 (Article
3):
	  	
			
		  	4.1 Amount Due:	  	

							
	 Lease Year
	 	 Annual
 Base Rent
	 	Monthly
Installment
of Base Rent	 	Monthly
Rental Rate
per Rentable
Square Foot
	1	 	$1,364,832.00	 	$113,736.00	 	$4.000
	2	 	$1,405,776.96	 	$117,148.08	 	$4.120
	3	 	$1,447,950.27	 	$120,662.52	 	$4.244
	4	 	$1,491,388.78	 	$124,282.40	 	$4.371
	5	 	$1,536,130.44	 	$128,010.87	 	$4.502
	6	 	$1,582,214.35	 	$131,851.20	 	$4.637
	7	 	$1,629,680.78	 	$135,806.73	 	$4.776
	8	 	$1,678,571.21	 	$139,880.93	 	$4.919
	9	 	$1,728,928.34	 	$144,077.36	 	$5.067
	10	 	$1,780,796.19	 	$148,399.68	 	$5.219

  

					
			
		  	4.2 Rent Abatement:	  	Subject to the terms of Section 3.2 of the Lease, Tenant shall have no obligation to pay any Base Rent attributable to the first six (6) calendar months of the Lease
Term.
			
		  	4.3 Rent Payment Address:	  	 Entertainment Center LLC
 c/o
Trammell Crow Services, Inc.
 2049 Century Park East, Suite 2600
 Los Angeles, California 90067
 Attention: Vice President, Property Management

			
	5.	  	 Base Year
 (Article
4):
	  	Calendar year 2007.
			
	6.	  	 Tenant’s Share
 (Article
4):
	  	 Approximately 3.7924%.
 (Based
on the Premises being 28,434 rentable square feet of space and the Building being 749,765 rentable square feet of space, subject to the terms of Section 4.3 of the Lease.)

  

 2 

					
	 	  	 TERMS OF LEASE
	  	 DESCRIPTION

			
	7.	  	 Permitted Use
 (Article 5):

	  	Tenant shall use its Premises for general office use, including securities trading and investment banking (but not retail banking), consistent with a first-class office building.

			
	8.	  	 Letter of Credit
 (Article 21):

	  	$1,000,000.00
			
	9.	  	 Parking Pass Ratio
 (Article
28):
	  	Up to three (3) unreserved parking passes for every 1,000 rentable square feet of the Premises, but in no event shall Tenant lease less than one and seventy-five one hundredth
(1.75) unreserved parking passes for every 1,000 rentable square feet of the Premises throughout the Lease Term. Such parking passes shall, subject to the terms in Article 28 of the Lease, include the following types of spaces:
			
		  		  	(i) up to three (3) passes may be used for “Executive Valet” parking;
			
		  		  	(ii) up to six (6) passes may be used for “Reserved” parking spaces.
			
	10.	  	 Address of Tenant
 (Section
29.18):
	  	 Imperial Capital LLC
 150 South
Rodeo Drive
 Beverly Hills, California 90212
 Attention: Mr. Mark Martis 
 (Prior to Lease Commencement Date)

			
		  	And	  	 Imperial Capital LLC
 2000
Avenue of the Stars, Suite 900-S
 Los Angeles, California 90067
 Attention: Mr. Mark Martis 
 (After Lease Commencement Date)

			
		  	With a copy to:	  	 Paul Hastings Janofsky & Walker LLP
 515 South Flower Street, 25th floor
 Los Angeles, California 90071
 Attention: Art
Zwickel, Esq.

			
	11.	  	 Address of Landlord
 (Section
29.18):
	  	See Section 29.18 of the Lease.

  

 3 

					
	 	  	 TERMS OF LEASE
	  	 DESCRIPTION

			
	12.	  	 Broker(s)
 (Section 29.24):

	  	For Tenant:
			
		  		  	 Coldwell Banker Commercial Westmac
 1516 Pontius Avenue
 Los Angeles, California 90067
 Attention: Mr. John Bertram and
 Mr. Craig Newlands

			
		  		  	For Landlord:
			
		  		  	 Trammell Crow Services, Inc.
 2049 Century Park East, Suite 2600
 Los Angeles, California 90067
 Attention: Mr. Brad Cox and
 Ms. Patti Gilbert

			
	13.	  	Tenant Improvement Allowance (Section 2 of Exhibit B):	  	 $55.00 per rentable square foot of the Premises.
 (i.e., $1,563,870.00)

  

 4 

 ARTICLE 1 
 PREMISES, BUILDING, PROJECT, AND COMMON AREAS 
 1.1 Premises,
Building, Project and Common Areas. 
 1.1.1. The Premises. Landlord hereby leases to Tenant and Tenant
hereby leases from Landlord the premises which are to be constructed by Landlord and are set forth in Section 2.2 of the Summary (the “Premises”). The outline of the Premises is set forth in Exhibit A attached
hereto and each floor or floors of the Premises shall have approximately the number of rentable square feet as set forth in Section 2.2 of the Summary. The parties hereto agree that the lease of the Premises is upon and subject to the terms,
covenants and conditions herein set forth, and each of Landlord and Tenant covenants as a material part of the consideration for this Lease to keep and perform each and all of such terms, covenants and conditions by it to be kept and performed and
that this Lease is made upon the condition of such performance. The parties hereto hereby acknowledge that the purpose of Exhibit A is to show the approximate location of the Premises in the “Building,” as that term is
defined in Section 1.1.2, below, only, and such Exhibit is not meant to constitute an agreement, representation or warranty as to the construction of the Premises, the precise area thereof or the specific location of the “Common
Areas,” as that term is defined in Section 1.1.3, below, or the elements thereof or of the accessways to the Premises or the “Project,” as that term is defined in Section 1.1.2, below. Except as specifically set forth in
this Lease and in the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”), Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the
Premises. Tenant also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Premises, the Building or the Project or with respect to the suitability of any of the
foregoing for the conduct of Tenant’s business, except as specifically set forth in this Lease and the Tenant Work Letter. The taking of possession of the Premises by Tenant for the conduct of its business shall conclusively establish that the
Premises was at such time in good and sanitary order, condition and repair, except as otherwise specifically set forth in this Lease and/or the Tenant Work Letter. 
 1.1.2. The Building and The Project. The Premises are a part of the building set forth in Section 2.1 of the Summary (the “Building”). The Building is a single building
containing two distinct “towers”, known as the “North Tower” and the “South Tower”, and is part of an office project known as “2000 Avenue of the Stars.” The term “Project,” as used in this
Lease, shall mean (i) the Building and the Common Areas, (ii) the restaurant pavilion and cultural pavilion buildings located immediately to the east of the Building, (iii) the land (which is improved with landscaping, subterranean
parking facilities and other improvements) upon which the Building and the Common Areas are located, and (iv) at Landlord’s discretion, any additional real property, areas, land, buildings or other improvements added thereto outside of the
Project. 
 1.1.3. Common Areas. Tenant shall have the non-exclusive right to use in common with other tenants in
the Project, and subject to the rules and regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such
areas, together with such other portions of the Project designated by Landlord, in its reasonable discretion,

  

 5 

 
including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the “Common
Areas”). The Common Areas shall consist of the “Project Common Areas” and the “Building Common Areas.” The term “Project Common Areas,” as used in this Lease, shall mean the portion of the
Project now designated as such by Landlord, with such reasonable modifications thereto as Landlord shall make from time to time. The term “Building Common Areas,” as used in this Lease, shall mean the portions of the Common Areas
located within the Building now designated as such by Landlord, with such reasonable modifications thereto as Landlord shall make from time to time. The manner in which the Common Areas are maintained and operated shall be at the sole discretion of
Landlord and the use thereof shall be subject to such rules, regulations and restrictions as Landlord may make from time to time, provided, that Landlord shall maintain and operate the same in a manner consistent with that of “Comparable
Buildings” (as that term is defined in Section 2.2.2, below). Landlord reserves the right to reasonably close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas. Subject to
applicable laws and the other provisions of this Lease (including, without limitation, the Rules and Regulations and the normal operation of the Building during the “Building Hours” identified in Section 6.1.1, below), and except in
the event of an emergency, Tenant shall have access to the Building, the Premises and the Building Common Areas, other than Common Areas requiring access with a Building engineer, twenty-four (24) hours per day, seven (7) days per week,
every day of the year; provided, however, that Tenant shall only be permitted to have access to and use of the freight elevator, loading dock, mailroom and other limited-access areas of the Building during the normal operating hours of such portions
of the Building. 
 1.1.4. Use of Common Areas for Special Events. Tenant shall have the non-exclusive right,
subject to availability, to use those portions of the Project Common Areas designated by Landlord (in Landlord’s sole discretion) for public events, for special events for Tenant’s (as opposed to third-parties) use. Such use of the Project
Common Areas, and all aspects of such use (including, without limitation, the scheduling of such use and the nature of the particular use) shall be subject to (i) Landlord’s prior written approval, which may be conditioned or withheld in
Landlord’s sole and absolute discretion, and (ii) all of Landlord’s rules and regulations. Tenant shall be solely responsible, at Tenant’s sole expense, for all costs incurred in connection with all such special events, including
any additional reasonable costs incurred by Landlord in connection therewith (e.g., for increased cleaning, utilities or security). Tenant hereby expressly acknowledges and agrees that Landlord may require, among other things, evidence of adequate
insurance, as reasonably determined by Landlord, covering any such special event prior to granting Landlord’s approval thereof. 
 1.2 Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, “rentable square feet” and “usable square feet” shall be calculated pursuant to Standard Method of Measuring
Floor Area in Office Building, ANSI 265.1—1996, and its accompanying guidelines (“BOMA”). Within thirty (30) days after the full execution and delivery of this Lease, Landlord and Tenant shall jointly engage Pace
Compumetrics, Inc. (“Pace”), at Landlord’s expense, to measure the rentable and usable square feet of the Premises, and to certify the number of rentable and usable square feet of the Premises to Landlord and Tenant. Landlord
hereby represents and warrants to Tenant that Pace is unaffiliated with Landlord. Pace’s determination shall be conclusive and binding upon the parties. In the event

  

 6 

 
that Pace determines that the amounts thereof shall be different from those set forth in this Lease, all amounts, percentages and figures appearing or referred to in this Lease based upon such
incorrect amount (including, without limitation, the amount of the “Rent” and any “Security Deposit,” as those terms are defined in Section 4.1 and Article 21 of this Lease, respectively) shall be modified in
accordance with such determination. 
 1.3 Secondary Right of Offer. Landlord hereby grants to
the Tenant named in the Summary (the “Original Tenant”), and its “Permitted Transferees” as that term is defined in Section 14.8, below, a secondary right of first offer with respect to the space located on the
tenth (10th) floor of the Building (the
“First Offer Space”). Notwithstanding the foregoing, such first offer right of Tenant shall be subject and subordinate to (i) the existing lease of a portion of the 10th floor, and any extensions thereof (the “10th Floor Lease”), and (ii) any
expansion of the premises under the 10th Floor Lease.
Tenant acknowledges that the extension of the term and/or expansion of the premises under the 10th Floor Lease may result in no First Offer Space ever being available for lease by Tenant. Tenant’s right of first offer shall be on the terms and conditions set forth in this Section 1.3.

 1.3.1. First Offer Notice. Landlord shall notify Tenant (the “First Offer
Notice”) from time to time when the First Offer Space or any portion thereof becomes available for lease to third parties (other than the holder of the 10th Floor Lease). Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First
Offer Space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth the “First Offer Rent,” as that term is defined in Section 1 3.3 below and the other economic terms upon which Landlord is
willing to lease such space, including the anticipated date upon which such First Offer Space would be delivered to Tenant (the “Anticipated Delivery Date”). If Tenant elects to lease the First Offer Space, then Landlord shall
provide Tenant with notice of any changes in the Anticipated Delivery Date. 
 1.3.2. Procedure for Acceptance. If
Tenant wishes to exercise Tenant’s right of first offer with respect to the space described in the First Offer Notice, then within five (5) business days of delivery of the First Offer Notice to Tenant, Tenant shall deliver notice to
Landlord of Tenant’s election to exercise its right of first offer with respect to the entire space described in the First Offer Notice on the terms contained in such notice (subject to Tenant’s right to object to Landlord’s
determination of the First Offer Rent, as set forth in Section 1.3.3, below). If Tenant does not so notify Landlord within the five (5) business day period, then Landlord shall be free to lease the space described in the First Offer
Notice to anyone to whom Landlord desires on any terms Landlord desires. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to all of the space offered by
Landlord to Tenant at any particular time, and Tenant may not elect to lease only a portion thereof. 
 1.3.3. First Offer
Space Rent. The “Rent,” as that term is defined in Section 4.1, below, payable by Tenant for the First Offer Space (the “First Offer Rent”) shall be equal to the “Fair Market Rent”, as that term is
defined in Section 2.2.2, below, applicable to the First Offer Space as of the “First Offer Commencement Date”, as that term is defined below. If, at the time Tenant elects to lease the First Offer Space in accordance with the
terms of Section 1.3.2,

  

 7 

 
above, Tenant objects in writing to the First Offer Rent set forth in the First Offer Notice, then the First Offer Rent shall be determined in accordance with the terms of
Section 2.2.4, below. 
 1.3.4. Construction In First Offer Space. Tenant shall take the First Offer
Space in its then existing “as is” condition, subject to the grant of any improvement allowance as a component of the First Offer Rent, and the construction of improvements in the First Offer Space shall comply with the terms of Article
8 of this Lease, provided that upon delivery of such First Offer Space to Tenant, such space shall be vacant, broom-clean, and free of any other tenancies or occupancy rights during the term set forth in the First Offer Notice. 
 1.3.5. Amendment to Lease. If Tenant timely exercises Tenant’s right to lease the First Offer Space as set forth herein,
Landlord and Tenant shall within fifteen (15) days thereafter execute an amendment to this Lease for such First Offer Space upon the terms and conditions as set forth in the First Offer Notice and this Section 1.3. Tenant shall
commence payment of Rent for the First Offer Space, and the term of the First Offer Space shall commence upon the date set forth in the First Offer Notice as the commencement date of Tenant’s lease of the First Offer Space (the “First
Offer Commencement Date”), which First Offer Commencement Date shall not be fewer than 90 days after the delivery of such space to Tenant, and terminate on the date set forth in the First Offer Notice. 
 1.3.6. Termination of Right of First Offer. The rights contained in this Section 1.3 shall be personal to the
Original Tenant and any Permitted Transferee, and may only be exercised by the Original Tenant or Permitted Transferee (and not any other assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original
Tenant or Permitted Transferee occupies the entire Premises. The right of first offer granted herein shall terminate as to particular First Offer Space upon the failure by Tenant to exercise its right of first offer with respect to such First Offer
Space as offered by Landlord. Tenant shall not have the right to lease First Offer Space, as provided in this Section 1.3, if, as of the date of the attempted exercise of any right of first offer by Tenant, or as of the scheduled date of
delivery of such First Offer Space to Tenant, Tenant is in default under this Lease after expiration of any applicable notice or cure periods. 
 ARTICLE 2 
 LEASE TERM; OPTION TERM 
 2.1 Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this
Lease. The term of this Lease (the “Lease Term”) shall be as set forth in Section 3.1 of the Summary, shall commence on the date set forth in Section 3.2 of the Summary (the “Lease Commencement Date”), and
shall terminate on the date set forth in Section 3.3 of the Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. Notwithstanding the foregoing, in no event shall the Lease
Expiration Date of this Lease occur on or after the tenth (10th) anniversary of the commencement date of that certain Office Lease dated as of January 15, 2004 (the “CAA Lease”), by and between Landlord and Creative Artists Agency, LLC (“CAA”), and in the
event that the Lease Commencement Date of this Lease occurs on or after the commencement date of the CAA Lease, the Lease Expiration Date of this Lease shall be deemed to be the date immediately preceding the tenth

  

 8 

 
(10th) anniversary of the commencement date of the CAA Lease. Landlord agrees to notify and certify to Tenant the actual commencement date and expiration date of the CAA Lease promptly after the same is determined, Landlord hereby represents and
warrants to Tenant that, as of the date hereof, the Lease Commencement Date of the CAA Lease is anticipated to be March 2, 2007, provided that Tenant acknowledges that such anticipated date is subject to extension for certain delays as set
forth in the CAA Lease. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease
Commencement Date and end on the last day of the eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease
Expiration Date. Landlord shall use commercially reasonable efforts to deliver to Tenant, within ninety (90) days after the Lease Commencement Date, a notice in the form as set forth in Exhibit C, attached hereto (the
“Notice of Lease Term Dates”), as a confirmation only of the information set forth therein (specifically including, without limitation, the date of the Lease Expiration Date), which Tenant shall execute and return to Landlord within
ten (10) days of receipt thereof, provided that if such Notice of Lease Term Dates is not factually correct, then Tenant shall make such changes as are necessary to make such Notice of Lease Term Dates factually correct and shall thereafter
return such notice to Landlord with said ten (10) day period. If Landlord fails to deliver such Notice of Lease Term Dates within such 90-day period, then Tenant shall have the right to deliver a reminder notice to Landlord, requesting that
Landlord promptly deliver such Notice of Lease Term Dates. If Landlord fails to deliver the Notice of Lease Term Dates within ten (10) business days, then Tenant shall have the right to prepare the Notice of Lease Term Dates and deliver the
same to Landlord, and Landlord shall execute and return the same to Tenant within ten (10) days of receipt thereof (subject to Landlord’s right to make any necessary factual corrections thereto). 
 2.2 Option Term. 
 2.2.1. Option Right. Landlord hereby grants to Original Tenant and its Permitted Transferees, one (1) option to extend the Lease Term for a period of five (5) years (the
“Option Term”). Tenant expressly acknowledges and agrees that the option right set forth in this Section 2.2 is subordinate to the existing rights of CAA to expand its existing premises in the Building to include the
Premises on or about the expiration of the tenth (10th) Lease Year of the term of the CAA Lease (the “CAA Expansion Right”). The option right set forth in this Section 2.2 is therefore conditioned upon CAA’s (or its successor’s) failure to exercise
such right. Landlord hereby represents and warrants to Tenant that in order to exercise the CAA Expansion Right, CAA (or its successor) is required to deliver written notice of its interest in exercising such right on or before the end of the ninth
(9th) year of the term of the CAA Lease. Landlord
hereby covenants and agrees that Landlord will not modify the time frame within which the CAA Expansion Right may be exercised without the prior consent of Tenant, which consent may be withheld in Tenant’s sole discretion. Landlord shall notify
Tenant promptly upon CAA’s exercise of the CAA Expansion Right, and shall use commercially reasonable efforts to notify Tenant in the event that CAA waives or fails to timely exercise the CAA Expansion Right (and Landlord shall promptly respond
to any written request by Tenant inquiring as to whether CAA has failed to timely exercise the CAA Expansion Right). Such option shall be exercisable only by notice delivered by Tenant to Landlord as provided below, provided that as of the date of
delivery of such notice Tenant is not in default under this Lease, after the expiration of any

  

 9 

 
applicable notice and cure periods. Upon the proper exercise of such option to extend, the Lease Term, as it applies to the entire Premises (and not merely a portion thereof), shall be extended
for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and its Permitted Transferees and may be exercised by Original Tenant or a Permitted Transferee only (and not by any other
assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease), if the Lease then remains in full force and effect and the Original Tenant and/or
Permitted Transferee, occupies at least seventy-five percent (75%) of the Premises for no less than one hundred eighty (180) days prior to the expiration of the initial Lease Term. 
 2.2.2. Option Rent. The “Rent,” as that term is defined in Section 4.1 of this Lease, payable by Tenant
during the Option Term (the “Option Rent”) shall be equal to the “Fair Market Rent,” as defined below, for such space. As used herein the “Fair Market Rent” shall be the rent (including additional rent and
considering any “base year” or “expense stop” applicable thereto), including all escalations, at which, as of the commencement of the Option Term, tenants are leasing non-sublease, non-encumbered, non-equity, pursuant to a lease
of space comparable in size to the Premises, and which is comparable in location and quality to the subject space in lease transactions which will have a term commencement which occurs during the period which is fifteen (15) months prior to the
commencement of the Option Term, for a comparable lease term, in an arm’s length transaction (“Comparable Transactions”), which comparable space is located in any of the “Comparable Buildings,” as that term is defined
below, in either case taking into consideration the following concessions (the “Concessions”): (a) rental abatement concessions, if any, being granted such tenants in connection with such comparable space; (b) tenant
improvements or allowances provided or to be provided for such comparable space, and taking into account, and deducting the value of, the existing improvements in the subject space, such value to be based upon the age, condition, design, quality of
finishes and layout of the improvements and the extent to which the same can be utilized by a general office user; and (c) other reasonable monetary concessions being granted such tenants in connection with such comparable space. Additionally,
in calculating the Fair Market Rent, consideration shall be given to the method by which the rentable square footage of the Premises and the space in the Comparable Transactions is measured, and to the ratio of usable square footage to rentable
square footage. No consideration shall be given, however, to (i) the fact that Landlord is or is not required to pay a real estate brokerage commission in connection with Tenant’s exercise of its right to lease the subject space during the
term thereof or the fact that landlords are or are not paying real estate brokerage commissions in connection with such comparable space, and (ii) any period of rental abatement, if any, granted to tenants in comparable transactions in
connection with the design, permitting and construction of tenant improvements in such comparable spaces (the “Construction Period”). Such Concessions (A) shall be reflected in the effective rental rate (which effective rental
rate shall take into consideration the total dollar value of such Concessions as amortized on a straight-line basis over the applicable term of the Comparable Transaction (in which case such Concessions evidenced in the effective rental rate shall
not be granted to Tenant)) payable by Tenant, or (B) at Landlord’s election, all such Concessions shall be granted to Tenant in kind. As used herein the term “Comparable Buildings” shall mean “Class A+” buildings
located in Century City, California. As used in this Lease, the term “Class A+” buildings shall mean the Building, those buildings located at 10250 Constellation Boulevard, 1999 Avenue of the Stars, 2121 Avenue of the Stars, and any other
first-class high-rise buildings in the Century City area of Los Angeles, California, which are constructed after

  

 10 

 
the date of this Lease and which contain at least 600,000 rentable square feet of space and are of the same quality of appearance and construction as the Building, with consideration to the
marketplace considerations, if any, given to the difference in the age of the Comparable Buildings. 
 2.2.3. Exercise of
Option. The option contained in this Section 2.2 shall be exercised by Tenant, if at all, only in the following manner: (i) Tenant shall deliver written notice to Landlord not more than eighteen (18) months or less than
twelve (12) months prior to the expiration of the initial Lease Term, stating that Tenant is interested in exercising its option; (ii) Landlord, after receipt of Tenant’s notice, shall deliver notice (the “Option Rent
Notice”) to Tenant not less than the later to occur of (A) the date following the date upon which CAA elects to not exercise the CAA Expansion Right (or CAA’s rights to such CAA Expansion Right are otherwise waived) in accordance
with the terms of the CAA Lease, and (B) eleven (11) months prior to the expiration of the initial Lease Term, setting forth the Option Rent as calculated pursuant to Section 2.2.2, above; and (iii) if Tenant wishes to
exercise such option, Tenant shall, on or before the date occurring thirty (30) days after Tenant’s receipt of the Option Rent Notice, exercise the option by delivering written notice thereof to Landlord and concurrently with such
exercise, Tenant may, at its option, object to the Option Rent contained in the Option Rent Notice, in which case the parties shall follow the procedure, and the Option Rent shall be determined, as set forth in Section 2.2.4 below.

 2.2.4. Determination of Option Rent. In the event Tenant timely objects to the Option Rent (or First Offer
Rent), Landlord and Tenant shall attempt to agree upon the Option Rent (or First Offer Rent) using their best good faith efforts. If Landlord and Tenant fail to reach agreement within ten (10) business days following Tenant’s objection to
the Option Rent or First Offer Rent (the “Outside Agreement Date”), then each party shall make a separate determination of the Option Rent or First Offer Rent within five (5) business days after the applicable Outside Agreement
Date, and such determinations shall be submitted to arbitration in accordance with Sections 2.2.4.1 through 2.2.4.7 below. 
 2.2.4.1. Landlord and Tenant shall each appoint one arbitrator who shall be by profession a real estate lawyer who shall have been active over the five (5) year period ending on the date of such
appointment in the leasing of commercial high-rise properties in the Century City area of Los Angeles, California. The determination of the arbitrators shall be limited solely to the issue of whether Landlord’s or Tenant’s submitted Option
Rent or First Offer Rent is the closest to the actual Option Rent or First Offer Rent as determined by the arbitrators, taking into account the requirements of Section 2.2.2 of this Lease. Each such arbitrator shall be appointed within
fifteen (15) days after the applicable Outside Agreement Date. 
 2.2.4.2. The two (2) arbitrators so appointed shall
within ten (10) days of the date of the appointment of the last appointed arbitrator agree upon and appoint a third arbitrator who shall be qualified under the same criteria set forth hereinabove for qualification of the initial two
(2) arbitrators, and provided that such third arbitrator shall not have previously represented either Landlord or Tenant. 
  

 11 

 2.2.4.3. The three (3) arbitrators shall within thirty (30) days of the
appointment of the third arbitrator reach a decision as to whether the parties shall use Landlord’s or Tenant’s submitted Option Rent or First Offer Rent and shall notify Landlord and Tenant thereof. 
 2.2.4.4. The decision of the majority of the three (3) arbitrators shall be binding upon Landlord and Tenant. 
 2.2.4.5. If either Landlord or Tenant fails to appoint an arbitrator within fifteen (15) days after the applicable Outside Agreement
Date, then the arbitrator appointed by one of them shall reach a decision, notify Landlord and Tenant thereof and such arbitrator’s decision shall be binding upon Landlord and Tenant, 
 2.2.4.6. If the two (2) arbitrators fail to agree upon and appoint a third arbitrator, or if both parties fail to appoint an
arbitrator, then the appointment of the third arbitrator or any arbitrator shall be dismissed and the matter to be decided shall be forthwith submitted to arbitration under the provisions of the American Arbitration Association, but subject to the
instruction set forth in this Section 2.2.4. 
 2.2.4.7. Landlord and Tenant shall each pay the cost of their
respective arbitrators, and the cost of the third arbitrator shall be paid by Landlord and Tenant equally. 
 2.3 Early
Occupancy Period. To the extent Tenant substantially completes the Tenant Improvements to be constructed by Tenant in the Premises pursuant to the terms and conditions of the Tenant Work Letter, Tenant shall have the right to occupy the
Premises prior to the Lease Commencement Date, provided that (A) Tenant shall give Landlord at least ten (10) days’ prior notice of any such occupancy of the Premises, (B) a temporary certificate of occupancy shall have been
issued to Landlord by the appropriate governmental authorities for the Building, (C) a temporary certificate of occupancy shall have been issued to Tenant by the appropriate governmental authorities for the Premises (if and to the extent
required in order for Tenant to lawfully occupy the Premises for general office use), and (D) all of the terms and conditions of the Lease shall apply, including Tenant’s obligation to pay all amounts of “Additional Rent,” as the
term is defined in Section 4,1 below, but excluding Tenant’s obligation to pay “Base Rent,” as that term is defined in Article 3 below. The period beginning on such early occupancy and ending on the day immediately
preceding the Lease Commencement Date shall be referred to herein as the “Early Occupancy Period.” In no event shall the occurrence of the Early Occupancy Period affect the date of the Lease Commencement Date which shall continue be
determined pursuant to the terms of the second sentence of Section 2.1, or the period to which Tenant is entitled an abatement of Base Rent pursuant to the terms of Article 3, below. 
 ARTICLE 3 
 BASE RENT 
 3.1 In General. Tenant shall pay, without prior notice or demand, to Landlord
or Landlord’s agent at the address set forth in Section 4.2 of the Summary, or, at Landlord’s option, at such other place as Landlord may from time to time designate in writing, by a check for

  

 12 

 
currency which, at the time of payment, is legal tender for private or public debts in the United States of America, base rent (“Base Rent“) as set forth in Section 4 of the
Summary, payable in equal monthly installments as set forth in Section 4 of the Summary in advance on or before the first day of each and every calendar month during the Lease Term, without any setoff or deduction whatsoever except as otherwise
provided in this Lease. The Base Rent for the first full month of the Lease Term which occurs after the expiration of any free rent period shall be paid at the time of Tenant’s execution of this Lease. If any Rent payment date (including the
Lease Commencement Date) falls on a day of the month other than the first day of such month or if any payment of Rent is for a period which is shorter than one month, the Rent for any fractional month shall accrue on a daily basis for the period
from the date such payment is due to the end of such calendar month or to the end of the Lease Term at a rate per day which is equal to 1/365 of the applicable annual Rent. All other payments or adjustments required to be made under the terms of
this Lease that require proration on a time basis shall be prorated on the same basis. 
 3.2 Abated Base Rent.
Provided that Tenant is not then in default of the Lease (beyond the applicable notice and cure period set forth in the Lease), then during the first six (6) calendar months of the Lease Term (the “Base Rent Abatement Period“),
Tenant shall not be obligated to pay the Base Rent otherwise attributable to the Premises during such Base Rent Abatement Period. Landlord and Tenant acknowledge that the aggregate amount of such abatement of Base Rent equals $682,416.00.

 ARTICLE 4 
 ADDITIONAL RENT 
 4.1 General Terms. In addition to
paying the Base Rent specified in Article 3 of this Lease, Tenant shall pay “Tenant’s Share” of the annual “Direct Expenses,” as those terms are defined in Sections 4.2.6 and 4.2.2 of this Lease, respectively, which are in
excess of the amount of Direct Expenses applicable to the “Base Year,” as that term is defined in Section 4.2.1, below; provided, however, that except as provided to the contrary in this Lease, in no event shall any decrease in total
Direct Expenses for any Expense Year to an amount below total Direct Expenses for the Base Year entitle Tenant to any decrease in Base Rent or any credit against sums due under this Lease. Such payments by Tenant, together with any and all other
amounts payable by Tenant to Landlord pursuant to the terns of this Lease, are hereinafter collectively referred to as the “Additional Rent”, and the Base Rent and the Additional Rent are herein collectively referred to as
“Rent.” Subject to the provisions of this Article 4, all amounts due under this Article 4 as Additional Rent shall be payable for the same periods and in the same manner as the Base Rent. Without limitation on other obligations of
the parties which survive the expiration of the Lease Term, subject to the provisions of this Article 4, the obligations of Landlord and Tenant provided for in this Article 4 shall survive the expiration of the Lease Term. 
 4.2 Definitions of Key Terms Relating to Additional Rent. As used in this Article 4, the following terms shall have the
meanings hereinafter set forth: 
 4.2.1. “Base Year” shall mean the period set forth in Section 5 of the
Summary. 
  

 13 

 4.2.2. “Direct Expenses” shall mean “Operating Expenses” and
“Tax Expenses.” 
 4.2.3. “Expense Year” shall mean each calendar year in which any portion of the
Lease Term falls, through and including the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in
the event of any such change, Tenant’s Share of Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change. 
 4.2.4. “Operating Expenses” shall mean, subject to the provisions of this Section 4.2.4, all expenses, costs and amounts of every kind and nature incurred by Landlord allocable to a
particular Expense Year because of or in connection with the ownership, management, maintenance, security, repair, replacement (subject to item (xiii) below), restoration or operation of the Project, or any portion thereof Without limiting the
generality of the foregoing, but subject to the remaining provisions of this Section 4.2.4, Operating Expenses shall specifically include any and all of the following: (i) the cost of supplying all utilities, the cost of operating,
repairing, maintaining, and renovating the utility, telephone, mechanical, sanitary, storm drainage, and escalator and elevator systems, and the cost of maintenance and service contracts in connection therewith; (ii) the cost of licenses,
certificates, permits and inspections and the cost of contesting any governmental enactments which may affect Operating Expenses, and the costs incurred in connection with any governmental mandated transportation system management program; provided,
however, that to the extent that Landlord is entitled to a credit or a reduction in the fees or costs which Landlord is required to incur in connection with a transportation system management program as a result of Tenant’s participation in a
transportation system management program on its own behalf which participation by Tenant provides Landlord with a disproportionate credit or reduction as compared to the credit or reduction, if any, to which Landlord is entitled as a result of the
direct participation in a transportation system management program by other tenants generally, then an equitable reduction shall be made in Tenant’s Share of Landlord’s transportation system management program costs to account for
Tenant’s disproportionate contribution to such credit or reduction; (iii) the cost of premiums for all insurance carried by Landlord in connection with the Project; (iv) the cost of landscaping, relamping, and all supplies, tools,
equipment and materials used in the operation, repair and maintenance of the Project, or any portion thereof; (v) costs incurred in connection with the operation, repair and maintenance of the parking areas serving the Project ; (vi) fees
and other costs, including management fees, consulting fees, legal fees and accounting fees, of all contractors and consultants in connection with the management, operation, maintenance and repair of the Project; (vii) payments under any
equipment rental agreements and the fair rental value of any management office space; (viii) wages, salaries and other compensation and benefits, including taxes levied thereon, of all persons directly engaged in the operation, maintenance and
security of the Project; (ix) payments, fees or charges under any easement, license, operating agreement, declaration, restrictive covenant, or any instrument pertaining to the sharing of costs by the Project, or any portion thereof;
(x) operation, repair, maintenance and replacement of all systems and equipment and components thereof of the Building; (xi) the cost of janitorial, alarm, security and other services, replacement of wall and floor coverings, ceiling tiles
and fixtures in common areas, maintenance and replacement of curbs and walkways, repair to roofs and re-roofing; (xii) amortization (including interest on the

  

 14 

 
unamortized cost) of the cost of acquiring or the rental expense of personal property used in the maintenance, operation and repair of the Project, or any portion thereof; (xiii) the cost of
capital improvements or other costs incurred in connection with the Project (A) which are intended to effect economies in the operation or maintenance of the Project, or any portion thereof, (B) that are required under any governmental law
or regulation, or (C) that relate to the safety or security of the Project, its occupant and visitors, and are deemed advisable in the reasonable judgment of Landlord; provided, however, that any capital expenditure included in Operating
Expenses as allowed by the terms of this item (xiii) shall be amortized with interest over its useful life as Landlord shall reasonably determine; (xiv) costs, fees, charges or assessments imposed by, or resulting from any mandate imposed
on Landlord by, any federal, state or local government for fire and police protection, trash removal, community services, or other services which do not constitute “Tax Expenses” as that term is defined in Section 4.2.5.1, below; and
(xv) payments under any easement, license, operating agreement, declaration, restrictive covenant, or instrument pertaining to the sharing of costs by the Building. Notwithstanding the foregoing, for purposes of this Lease, Operating Expenses
shall not, however, include: 
 (i) costs, including marketing costs, lease takeover costs, legal fees, space planners’
fees, advertising and promotional expenses, lease enforcement costs, and brokerage fees incurred in connection with the original construction or development, or original or future leasing of the Project, and costs, including permit, license and
inspection costs, incurred with respect to the installation of tenant improvements made for new tenants initially occupying space in the Project after the Lease Commencement Date or incurred in renovating or otherwise improving, decorating, painting
or redecorating vacant space for tenants or other occupants of the Project (excluding, however, such costs relating to any common areas of the Project or parking facilities); 
 (ii) except as set forth in items (xii), (xiii), and (xiv) above, depreciation, interest and principal payments on mortgages and other
debt costs, if any, penalties and interest, costs of capital repairs and alterations, and costs of capital improvements and equipment; 
 (iii) costs for which the Landlord is reimbursed by any tenant or occupant of the Project or by insurance by its carrier or any tenant’s carrier or by anyone else, and electric power costs for which
any tenant directly contracts with the local public service company; provided that Landlord shall use commercially reasonable efforts to collect any reimbursements to which it is entitled; 
 (iv) any bad debt loss, rent loss, or reserves for bad debts or rent loss; 
 (v) costs associated with the operation of the business of the partnership or entity which constitutes the Landlord, as the same are
distinguished from the costs of operation of the Project (which shall specifically include, but not be limited to, accounting costs associated with the operation of the Project). Costs associated with the operation of the business of the partnership
or entity which constitutes the Landlord include costs of partnership accounting and legal matters, costs of defending any lawsuits with any mortgagee (except as the actions of the Tenant may be in issue), costs of selling, syndicating, financing,
mortgaging or hypothecating any of the Landlord’s interest in the Project, and costs incurred in connection with

  

 15 

 
any disputes between Landlord, its partners and/or affiliates, and any of their employees, between Landlord and Project management, or between Landlord and other tenants or occupants, and
Landlord’s general corporate overhead and general and administrative expenses; 
 (vi) the wages and benefits of any
employee who does not devote substantially all of his or her employed time to the Project unless such wages and benefits are prorated to reflect time spent on operating and managing the Project vis-a-vis time spent on matters unrelated to operating
and managing the Project; provided, that in no event shall Operating Expenses for purposes of this Lease include wages and/or benefits attributable to personnel above the level of Project manager; 
 (vii) amount paid as ground rental for the Project by the Landlord; 
 (viii) except for a Project management fee to the extent allowed pursuant to item (1), below, overhead and profit increment paid to the
Landlord or to subsidiaries or affiliates of the Landlord for services in the Project to the extent the same exceeds the costs of such services rendered by qualified, first-class unaffiliated third parties on a competitive basis; 
 (ix) any compensation paid to clerks, attendants or other persons in commercial concessions operated by the Landlord, provided that any
compensation paid to any concierge at the Project shall be includable as an Operating Expense; 
 (x) rentals and other related
expenses incurred in leasing air conditioning systems, elevators or other equipment which if purchased the cost of which would be excluded from Operating Expenses as a capital cost, except equipment not affixed to the Project which is used in
providing janitorial or similar services and, further excepting from this exclusion such equipment rented or leased to remedy or ameliorate an emergency condition in the Project; 
 (xi) all items and services for which Tenant or any other tenant in the Project reimburses Landlord or which Landlord provides selectively
to one or more tenants (other than Tenant) without reimbursement; 
 (xii) fees payable by Landlord for management of the
Project in excess of two and one-half percent (2.5%) (the “Management Fee Cap”) of Landlord’s gross rental revenues, adjusted and grossed up to reflect a one hundred percent (100%) occupancy of the Project with all
tenants paying rent, including base rent, pass-through, and parking fees (but excluding the cost of after hours services or utilities) from the Project for any calendar year or portion thereof; 
 (xiii) any costs expressly excluded from Operating Expenses elsewhere in this Lease; 
 (xiv) rent for any office space occupied by Project management personnel to the extent the size or rental rate of such office space exceeds
the size or fair market rental value of office space occupied by management personnel of the Comparable Buildings in the vicinity of the Building, with adjustment where appropriate for the size of the applicable project (and such office space may be
located outside of the Project, provided that, in the event

  

 16 

 
such office provides services to buildings other than the Building, the cost of such office space shall be equitably and reasonably allocated among the buildings to which it provides services);

 (xv) costs arising from the gross negligence or willful misconduct of Landlord or its agents, employees, vendors,
contractors, or providers of materials or services; 
 (xvi) costs incurred to comply with laws relating to the removal of
hazardous material (as defined under applicable law) which was in existence in the Building or on the Project prior to the Lease Commencement Date, and was of such a nature that a federal, State or municipal governmental authority, if it had then
had knowledge of the presence of such hazardous material, in the state, and under the conditions that it then existed in the Building or on the Project, would have then required the removal of such hazardous material or other remedial or containment
action with respect thereto; and costs incurred to remove, remedy, contain, or treat hazardous material, which hazardous material is brought into the Building or onto the Project after the date hereof by Landlord or any other tenant of the Project
and is of such a nature, at that time, that a federal, State or municipal governmental authority, if it had then had knowledge of the presence of such hazardous material, in the state, and under the conditions, that it then exists in the Building or
on the Project, would have then required the removal of such hazardous material or other remedial or containment action with respect thereto; 
 (xvii) costs of a capital nature expended to remedy construction defects or to remedy violations of laws in effect and enforced as of the Lease Commencement Date; 
 (xviii) any expense relating to services or other benefits provide to other tenants in the Project at no cost, which are made available to
Tenant with a charge or which are not made available to Tenant; 
 (xix) costs incurred due to the violation by Landlord or
Landlord Parties of the terms of any lease in the Project, of Applicable Laws, or of any covenant or agreement affecting the Project; 
 (xx) costs incurred in connection with disputes with present or prospective tenants or occupants of the Project, or pertaining to the business of Landlord or the ownership or title to the Project or any portion thereof; 
 (xxi) reserves of any kind; 
 (xxii) costs of any charitable or political contributions; 
 (xxiii)
entertainment and travel costs or expenses of Landlord or Landlord Parties; 
 (xxiv) costs incurred to remedy violations of
“Applicable Law”, as defined in Article 24, below, applicable to the Project, which violations exist as of the Lease Commencement Date. 
 If Landlord does not carry earthquake insurance for the Project during the Base Year but subsequently obtains earthquake insurance for the Project during the Lease Term (or materially

  

 17 

 
increases the scope of such insurance or materially reduces the deductible, in comparison to that of the Base Year), then from and after the date upon which Landlord obtains such earthquake
insurance (or so changes the scope or reduces the deductible) and continuing throughout the period during which Landlord maintains such insurance (or such change), Operating Expenses for the Base Year shall be deemed to be increased by the amount of
the premium Landlord would have incurred had Landlord maintained such insurance for the same period of time during the Base Year as such insurance is maintained by Landlord during such subsequent Expense Year. If Landlord is not furnishing any
particular work or service (the cost of which, if performed by Landlord, would be included in Operating Expenses) to a tenant who has undertaken to perform such work or service in lieu of the performance thereof by Landlord, Operating Expenses shall
be deemed to be increased by an amount equal to the additional Operating Expenses which would reasonably have been incurred during such period by Landlord if it had at its own expense furnished such work or service to such tenant. If the Building
(and to the extent variable expenses of the Project are allocable to the Building hereunder, the Project) is not at least ninety-five percent (95%) occupied during all or a portion of the Base Year or any Expense Year, an appropriate
adjustment, consistent with sound real estate management and accounting principles and the allocation and other provisions of this Lease, shall be made on a consistent basis to those components of Operating Expenses for such year which vary directly
with the level of tenant occupancy to reflect the amount of Operating Expenses that would have been allocable to such year had the Building (or the Project, as applicable) been ninety-five percent (95%) occupied throughout the Expense Year; and
the amount so determined shall be deemed to have been the amount of Operating Expenses for such year. Operating Expenses for the Base Year shall not include market-wide labor-rate increases due to extraordinary circumstances, including, but not
limited to, boycotts and .strikes, and utility rate increases due to extraordinary circumstances including, but not limited to, conservation surcharges, boycotts, embargoes or other shortages, or amortized costs relating to capital improvements. In
no event shall the component line item category of Direct Expenses for any Expense Year for electricity consumption costs be less than the component line item category of Direct Expenses for electricity consumption in the Base Year. 
 In the event and to the extent the elevators, escalators and/or HVAC systems servicing any portion of the Project are covered by a warranty
or service agreement which provides warranty-type protection at any time during the Base Year and is not covered by such warranty or such warranty-type protection under such service agreement in a subsequent Expense Year to the same extent,
Operating Expenses for the Base Year shall be deemed increased by the amount Landlord would have incurred during the Base Year with respect to the items or matters covered by the subject warranty or warranty-type protection, had such warranty or
such service agreement not been in effect during the Base Year. 
 Operating Expenses shall be reduced by all cash discounts,
trade discounts, or quantity discounts received by Landlord or Landlord’s managing agent in the purchase of any goods, utilities, or services (the cost of which is includable in Operating Expenses) in connection with the operation of the
Project. Any costs or expenses that are treated on an accrual basis or cash basis for the Base Year shall be treated consistently for subsequent Expense Years and each such initial treatment decision shall be reasonable under the circumstances.
Landlord will not collect or be entitled to collect for any Expense Year Direct Expenses from all of its tenants (whether as a portion of such tenants’ payments of base rent as a result of such tenants’ base year or expense

  

 18 

 
stop amount or otherwise) in an amount which is in excess of one hundred percent (100%) of the Direct Expenses actually paid by Landlord in connection with the operation of the Project for
(and allocable to) such Expense Year. 
 4.2.5. Taxes. 
 4.2.5.1. “Tax Expenses” shall mean all federal, state, county, or local governmental or municipal taxes, fees, charges or
other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of
rent, including gross receipts taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and
other personal property used by Landlord in connection with the Project, or any portion thereof), which are allocable to a particular Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because
of or in connection with the ownership, leasing and operation of the Project, or any portion thereof. For purposes of this Lease, Tax Expenses for the Base Year and each Expense Year shall be calculated as if the Building were fully occupied, tenant
improvements in the Building were fully constructed, and the Project, the Building, and all tenant improvements in the Building were fully assessed for real estate tax purposes. 
 4.2.5.2. Tax Expenses shall include, without limitation: (i) Any governmental tax on the rent, right to rent or other income from the
Project, or any portion thereof, or as against the business of leasing the Project, or any portion thereof (as the same is distinguished from a general tax on Landlord’s income); (ii) Any assessment, tax, fee, levy or charge in addition
to, or in substitution, partially or totally, of any assessment, tax, fee, levy or charge previously included within the definition of real property tax, it being acknowledged by Tenant and Landlord that Proposition 13 was adopted by the voters of
the State of California in the June 1978 election (“Proposition 13”) and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for such services as fire protection, street, sidewalk and road
maintenance, refuse removal and for other governmental services formerly provided without charge to property owners or occupants, and, in further recognition of the decrease in the level and quality of governmental services and amenities as a result
of Proposition 13, Tax Expenses shall also include any governmental or private assessments or the Project’s contribution towards a governmental or private cost-sharing agreement for the purpose of augmenting or improving the quality of services
and amenities normally provided by governmental agencies; (iii) Any governmental assessment, tax, fee, levy, or charge allocable to or measured by the area of the Premises or the Rent payable hereunder, including, without limitation, any
business or gross income tax or excise tax with respect to the receipt of such rent, or upon or with respect to the possession, leasing, operating, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises, or any
portion thereof; and (iv) Any assessment, tax, fee, levy or charge, upon this transaction or any transaction to which Tenant is a party, creating or transferring an interest or an estate in the Premises. 
 4.2.5.3. Any costs and expenses (including, without limitation, reasonable attorneys’ fees) incurred in attempting to protest, reduce
or minimize Tax Expenses shall be included in Tax Expenses in the Expense Year such expenses are paid. Except as set forth in

  

 19 

 
Section 4.2.5.4, below, refunds of Tax Expenses shall be credited against Tax Expenses and refunded to Tenant regardless of when received, based on the Expense Year to which the refund is
applicable, provided that in no event shall the amount to be refunded to Tenant for any such Expense Year exceed the total amount paid by Tenant as Additional Rent under this Article 4 for such Expense Year. Subject to the provisions of this Lease,
if Tax Expenses for any period during the Lease Term (after the Base Year) or any extension thereof are increased after payment thereof for any reason, including, without limitation, error or reassessment by applicable governmental or municipal
authorities, Tenant shall pay Landlord (within thirty (30) days after written demand) Tenant’s Share of any such increased Tax Expenses (but only to the extent that if such amount had been originally included in Direct Expenses for the
Expense Year to which the same is allocable, such amount would have been payable by Tenant as a part of Tenant’s Share of Excess Direct Expenses for such Expense Year). Notwithstanding any provision to the contrary contained in this
Section 4.2.5, there shall be excluded from Tax Expenses (i) all excess profits taxes, franchise taxes, gift taxes, capital stock taxes, inheritance and succession taxes, estate taxes, federal and state income taxes, and other taxes to the
extent applicable to Landlord’s general or net income (as opposed to rents, receipts or income attributable to operations at the Project), (ii) any items included as Operating Expenses, and (iii) any items excluded from Operating
Expenses pursuant to Section 4.2.4, including, without limitation, any expenses, costs, fees, assessments, levies, taxes, impositions, charges, interest, penalties, fines or other items relating to the matters described in Section 4.2.4,
(iv) assessments, other than mandatory assessments imposed by applicable Law, for items which would otherwise not be includable in Direct Expenses based upon the use of the funds to which such assessment relates; (v) taxes or assessments
imposed in connection with entitlements; (vi) transfer or mortgage taxes; (vii) late charges, fees interest (other than included as a part of an includable assessment) or penalties; (viii) payments with respect to any assessment
district or similar financing mechanism, participation in which was voluntary or elective, and participation in which was entered into (whether directly or indirectly) by Landlord to finance capital improvements to the Project, and (ix) any
tax, fee, charge, assessment, penalty or other item which otherwise would be a Tax Expense relating to the personal property, fixtures or equipment of tenants or occupants in the Project. 
 4.2.5.4. Notwithstanding anything to the contrary set forth in this Lease, the amount of Tax Expenses for the Base Year and any Expense
Year shall be calculated without taking into account any decreases in real estate taxes obtained in connection with Proposition 8, and, therefore, the Tax Expenses in the Base Year and/or an Expense Year may be greater than those actually incurred
by Landlord, but shall; nonetheless, be the Tax Expenses due under this Lease; provided that (i) any costs and expenses incurred by Landlord in securing any Proposition 8 reduction shall not be included in Direct Expenses for purposes of this
Lease, and (ii) tax refunds under Proposition 8 shall not be deducted from Tax Expenses, but rather shall be the sole property of Landlord. Landlord and Tenant acknowledge that this Section 4.2.5.4 is not intended to in any way affect
(A) the inclusion in Tax Expenses of the statutory two percent (2.0%) annual increase in Tax Expenses (as such statutory increase may be modified by subsequent legislation), or (B) the inclusion or exclusion of Tax Expenses pursuant
to the terms of Proposition 13, which shall be governed pursuant to the terms of Sections 4.2.5.1 through 4.2.5.3, above. 
 4.2.6. “Tenant’s Share” shall mean the percentage set forth in Section 6 of the Summary. 
  

 20 

 4.3 Allocation of Direct Expenses. 
 4.3.1. Method of Allocation. The parties acknowledge that the Building is a part of a multi-building project and that the
costs and expenses incurred in connection with the Project (i.e. the Direct Expenses) should be shared between the tenants of the Building and the tenants of the other buildings in the Project. Accordingly, as set forth in Section 4.2 above,
Direct Expenses (which consists of Operating Expenses and Tax Expenses) are determined annually for the Project as a whole, and a portion of the Direct Expenses, which portion shall be determined by Landlord on a reasonable and equitable basis,
shall be allocated to the tenants of the Building (as opposed to the tenants of any other buildings in the Project) and such portion shall be the Direct Expenses for purposes of this Lease. Such portion of Direct Expenses allocated to the tenants of
the Building shall include all Direct Expenses attributable solely to the Building and a reasonable and equitable portion of the Direct Expenses attributable to the Project as a whole. 
 4.3.2. Cost Pools. Landlord shall have the right, from time to time, to equitably allocate some or all of the Direct Expenses
for the Project among different portions or occupants of the Project (the “Cost Pools”), in Landlord’s reasonable discretion. Such Cost Pools may include, but shall not be limited to, the office space tenants of a building of
the Project or of the Project, and the retail space tenants of a building of the Project or of the Project. The Direct Expenses within each such Cost Pool shall be allocated and charged to the tenants within such Cost Pool in a reasonable and
equitable manner. 
 4.4 Calculation and Payment of Additional Rent. If for any Expense Year ending or commencing
within the Lease Term, Tenant’s Share of Direct Expenses for such Expense Year exceeds Tenant’s Share of Direct Expenses applicable to the Base Year, then Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1,
below, and as Additional Rent, an amount equal to the excess (the “Excess”). 
 4.4.1. Statement of
Actual Direct Expenses and Payment by Tenant. Landlord shall use commercially reasonable efforts to give to Tenant, within one hundred eighty (180) days following the end of each Expense Year (including, without limitation, the Base
Year and the last Expense Year) (the “Statement Delivery Date”), a reasonably detailed statement certified by the Landlord’s Project manager (the “Statement”) which shall state the Direct Expenses for such
preceding Expense Year, Tenant’s Share applicable to such Expense Year, and the amount of the Excess, if any. Within thirty (30) days of receipt of the Statement for each Expense Year commencing or ending during the Lease Term, (i) if
an Excess is present, Tenant shall pay the full amount of Tenant’s Share of the Excess for such Expense Year, less the amounts, if any, paid by Tenant with respect to such Expense Year as “Estimated Excess,” as that term is defined in
Section 4.4.2, below (such amount to be paid by Tenant, the “Reconciliation Payment”), and (ii) if the amounts paid by Tenant as Estimated Excess for such Expense Year exceed the amount of Tenant’s Share of the
Excess, the amount of such excess payments (the “Reconciliation Credit”) shall be credited against the next payment of Rent due, or if the Lease Term has expired or has been terminated, such amount shall be paid in cash to Tenant
within thirty (30) days after Landlord’s delivery of the Statement (to the tenants of the Building generally) for the last year of such expired or terminated Lease Term. The failure of Landlord to timely furnish the Statement for any
Expense Year shall not prejudice Landlord or

  

 21 

 
Tenant from enforcing its rights under this Article 4; provided, however, that notwithstanding any provision to the contrary contained in this Lease, in no case shall Landlord be permitted
to add to the amount of Tenant’s Share of any Excess or bill for the first time any portion of Tenant’s Share of any Excess after two (2) years following the date of the termination of this Lease, except to the extent the same relates
to Tax Expenses and utilities, which may be billed to Tenant at a later date (but in no event later than four (4) years after the date of the termination of this Lease). Subject to the provisions of this Lease, even though the Lease Term has
expired and Tenant has vacated the Premises, when the final determination is made of Tenant’s Share of Direct Expenses for the Expense Year in which this Lease terminates, (i) if a Reconciliation Payment is owed, Tenant shall pay to
Landlord such amount within thirty (30) days of receipt of such Statement, and (ii) if a Reconciliation Credit is owed, Landlord shall pay the same to Tenant within thirty (30) days of such determination. The provisions of this
Section 4.4.1 shall survive the expiration or earlier termination of the Lease Term. 
 4.4.2. Statement of Estimated
Direct Expenses. In addition to providing Tenant with the Statement pursuant to Section 4.4.1 of this Lease, Landlord shall endeavor to give Tenant a yearly expense estimate statement (the “Estimate Statement”) within
one hundred eighty (180) days of the commencement of each Expense Year which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Direct Expenses for the then-current Expense Year
shall be and the estimated excess (the “Estimated Excess”) as calculated by comparing the Direct Expenses for such Expense Year, which shall be based upon the Estimate, to the amount of Direct Expenses for the Base Year. The failure
of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect Tenant’s Share of any Estimated Excess under this Article 4, nor shall Landlord be prohibited from
revising any Estimate Statement or Estimated Excess theretofore delivered to the extent necessary. Thereafter, Tenant shall pay, with its next installment of Base Rent due, a fraction of the Estimated Excess for the then-current Expense Year
(reduced by any amounts paid pursuant to the next to last sentence of this Section 4.4.2). Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year, including the month of such payment, and
twelve (12) as its denominator. Until a new Estimate Statement is furnished (which Landlord shall have the right to deliver to Tenant at any time), Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to
one-twelfth (1/12) of the total Estimated Excess set forth in the previous Estimate Statement delivered by Landlord to Tenant. 
 4.5 Taxes and Other Charges for Which Tenant Is Directly Responsible. 
 4.5.1. Tenant shall be liable
for and shall pay before delinquency, taxes levied against Tenant’s equipment, furniture, fixtures and any other personal property located in or about the Premises. Provided that Landlord acts on a consistent and nondiscriminatory basis with
respect to all tenants in the Project with respect to matters relevant to such issue, if any such taxes on Tenant’s equipment, furniture, fixtures and any other personal property are levied against Landlord or Landlord’s property or if the
assessed value of Landlord’s property is increased by the inclusion therein of a value placed upon such equipment, furniture, fixtures or any other personal property and if Landlord pays the taxes based upon such increased assessment, which
Landlord shall have the right to do regardless of the validity thereof but only after notice to Tenant and under proper protest if requested by Tenant, Tenant shall within thirty

  

 22 

 
(30) days of demand repay to Landlord the taxes so levied against Landlord or .the proportion of such taxes resulting from such increase in the assessment, as the case may be. 
 4.5.2. If the tenant improvements in the Premises, whether installed and/or paid for by Landlord or Tenant and whether or not affixed to the
real property so as to become a part thereof, are assessed for real property tax purposes at a valuation higher than the valuation at which tenant improvements conforming to Landlord’s “building standard” in other space in the
Building are assessed; then the Tax Expenses levied against Landlord or the property by reason of such excess assessed valuation shall be deemed to be taxes levied against personal property of Tenant and shall be governed by the provisions of
Section 4.5.1, above. 
 4.5.3. Notwithstanding any contrary provision herein, and only to the extent any of the following
are not included in Tax Expenses, Tenant shall pay prior to delinquency any (i) rent tax or sales tax, service tax, transfer tax or value added tax, or any other applicable tax on the rent or services herein or otherwise respecting this Lease,
(ii) taxes assessed upon or with respect to the possession, leasing, operation, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any portion of the Project, including the Project parking facility; or
(iii) taxes assessed upon this transaction or any document to which Tenant is a party creating or transferring an interest or an estate in the Premises. 
 4.6 Landlord’s Books and Records. Upon Tenant’s written request given not more than thirteen (13) months after Tenant’s receipt of an Estimate Statement for a particular
Expense Year, and provided that Tenant is not then in default under this Lease beyond the applicable cure period provided in this Lease, Landlord shall provide Tenant with an audited statement (the “Accountant’s Statement”)
concerning the Direct Expenses for such Expense Year from Landlord’s independent certified public accountants, and Landlord shall also furnish Tenant with such reasonable supporting documentation in connection with said Direct Expenses as
Tenant may reasonably request. Landlord shall provide said information and the Accountant’s Statement to Tenant within sixty (60) days after Tenant’s written request therefor. The Accountant’s Statement shall contain sufficient
detail to enable Tenant to verify that the terms of exclusions and inclusions with respect to Direct Expenses, as set forth in this Lease, have been adhered to in computing the Excess payable by Tenant. If, within thirty (30) days following
Tenant’s receipt of the Accountant’s Statement and supporting documentation; Tenant still disputes the applicable Direct Expenses, a determination as to the proper amount shall be made, at Tenant’s expense; by a regionally or
nationally recognized independent certified public accountant (the “Accountant”) mutually and reasonably agreed to by Landlord and Tenant; provided that if such determination by the Accountant confirms that Direct Expenses were
overstated by more than five percent (5.0%), then the cost of the Accountant and the cost of such determination shall be paid for by Landlord. If the determination by the Accountant confirms that Direct Expenses were overstated by between three
percent (3%) and five percent (5%), then the cost of the Accountant and the cost of such determination shall be shared equally by Landlord and Tenant. In connection with such inspection, the Accountant, Tenant and Tenant’s agents must
agree in advance to follow Landlord’s reasonable rules and procedures regarding inspections of Landlord’s records, and shall execute a commercially reasonable confidentiality agreement regarding such inspection. Tenant hereby acknowledges
that Tenant’s sole right to inspect Landlord’s books and records and to contest the amount of Direct Expenses payable by Tenant shall be as set forth in this Section 4.6, and Tenant hereby waives any and all other rights

  

 23 

 
pursuant to applicable law to inspect such books and records and/or to contest the amount of Direct Expenses payable by Tenant. Tenant’s sole remedy shall be for the parties to make such
appropriate payments or reimbursements, as the case may be, to each other as are determined to be owing, provided that any reimbursements payable by Landlord to Tenant may, at Landlord’s option, instead be credited against the Base Rent next
coming due under this Lease unless the Lease Term has expired, in which event Landlord shall refund the appropriate amount to Tenant. Any amounts determined to be owing pursuant to this Section 4.6, shall be paid by the appropriate party
to the other, within thirty (30) days after such determination. 
 ARTICLE 5 
 USE OF PREMISES 
 5.1 Permitted Use. Tenant shall use the Premises solely for the Permitted Use set forth in Section 7 of the Summary and Tenant shall not use or permit the Premises or the Project to be
used for any other purpose or purposes whatsoever without the prior written consent of Landlord, which may be withheld in Landlord’s sole discretion. 
 5.2 Prohibited Uses. The uses prohibited under this Lease shall include, without limitation, use of the Premises or a portion thereof for (i) offices of any agency or bureau of the
United States or any state or political subdivision thereof; (ii) offices or agencies of any foreign governmental or political subdivision thereof; (iii) offices of any health care professionals or service organization; (iv) schools
or other training facilities which are not ancillary to corporate, executive or professional office use; (v) retail or restaurant uses; or (vi) communications firms such as radio and/or television stations. Tenant further covenants and
agrees that Tenant shall not use, or suffer or permit any person or persons to use, the Premises or any part thereof for any use or purpose contrary to the provisions of the Rules and Regulations set forth in Exhibit D, attached
hereto. Tenant shall not do or permit anything to be done in or about the Premises which will in any way damage the reputation of the Project or materially and unreasonably obstruct or interfere with the rights of other tenants or occupants of the
Building, or unreasonably and materially injure them or use or allow the Premises to be used for any unlawful purpose, nor shall Tenant cause, maintain or permit any nuisance in, on or about the Premises. 
 5.3 CC&Rs. Tenant shall comply with all recorded covenants, conditions, and restrictions currently affecting the Project;
specifically including, without limitation, that certain Declaration of Operating and Reciprocal Easement Agreement, by One Hundred Towers L.L.C., a Delaware limited liability company as “Declarant”, dated as of April 2, 1997,
recorded on April 2, 1997, in the Official Records of Los Angeles County, California, as Document No. 97-503336, as amended by that certain First Amendment to Declaration of Operating and Reciprocal Easement Agreement, between Declarant
and Landlord, dated as of June 7, 2004, recorded on August 19, 2004, as Document No, 04-2140308 (collectively, the “OREA”). Additionally, Tenant acknowledges that the Project may be subject to any amendments or
modifications to the OREA, future covenants, conditions, and restrictions (collectively, including any modifications or amendments to the OREA, the “CC&Rs”) which Landlord, in Landlord’s discretion, deems reasonably
necessary or desirable, and Tenant agrees that this Lease shall be subject and subordinate to such CC&Rs, provided and on the condition that such CC&Rs do not adversely affect any of Tenant’s rights under this Lease and do not increase
any of Tenant’s obligations

  

 24 

 
under this Lease. Landlord shall have the right to require Tenant to execute and acknowledge, within fifteen (15) business days of a request by Landlord, a “Recognition of Covenants,
Conditions, and Restriction,” in a form substantially similar to that attached hereto as Exhibit F, agreeing to and acknowledging the CC&Rs. 
 5.4 Prohibited Uses. Tenant shall not use the Premises (i) for retail banking operations, which shall include depository operations, issuance and sales of certificates of deposit, or
establishing and maintaining money market and savings accounts and other deposit-based accounts and investments, or (ii) to perform or offer talent agent or personal management services. Notwithstanding the foregoing, Tenant shall have the
right to offer money market accounts to its clients which accounts shall be ancillary to the main business services provided to such clients, and to offer fixed income and equity securities investments. 
 ARTICLE 6 
 SERVICES AND UTILITIES 
 6.1 Standard Tenant Services. Landlord shall provide the
following services twenty-four (24) hours per day, three hundred sixty-five (365) days per year (unless otherwise stated below) during the Lease Term. 
 6.1.1. Subject to limitations imposed by all governmental rules, regulations and guidelines applicable thereto, Landlord shall provide heating and air conditioning (“HVAC”) when necessary
for normal comfort for normal office use in the Premises and in a manner consistent with the requirements outlined in Schedule 1 to Exhibit B of this Lease from 8:00 A.M. to 6:00 P.M. Monday through Friday, and on Saturdays from 9:00
A.M. to 1:00 P.M. (collectively, the “Building Hours”), except for the date of observation of New Year’s Day, President’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day and, at
Landlord’s discretion, other nationally recognized holidays (collectively, the “Holidays”). 
 6.1.2.
Landlord shall provide adequate electrical wiring and facilities for connection to Tenant’s lighting fixtures and incidental use equipment, in a manner consistent with other Comparable Buildings, provided that (i) the connected electrical
convenience load does not exceed an average of 4.0 watts per usable square foot of the Premises during the Building Hours on a monthly basis, and the electricity so furnished for incidental use equipment will be at a nominal one hundred twenty
(120) volts and no electrical circuit for the supply of such incidental use equipment will require a current capacity exceeding twenty (20) amperes, and (ii) the connected electrical load of Tenant’s lighting fixtures does not
exceed an average of 1.5 watts per usable square foot of the Premises during the Building Hours on a monthly basis, and the electricity so furnished for Tenant’s lighting will be at a nominal one hundred twenty (120) volts, which
electrical usage shall be subject to applicable laws and regulations, including Title 24. Tenant will design Tenant’s electrical system serving any equipment producing nonlinear electrical loads to accommodate such nonlinear electrical loads;
including, but not limited to, oversizing neutral conductors, derating transformers and/or providing power-line filters. Engineering plans shall include a calculation of Tenant’s fully connected electrical design load with and without demand
factors and shall indicate the number of watts of

  

 25 

 
unmetered and submetered loads. Tenant shall bear the cost of replacement of lamps, starters and ballasts for non-Building standard lighting fixtures within the Premises. 
 6.1.3. Landlord shall provide city water from the regular Building outlets for drinking, lavatory and toilet purposes in the Building Common
Areas, in a manner consistent with other Comparable Buildings. 
 6.1.4. Landlord shall provide janitorial services to the
Premises, except the date of observation of the Holidays, in and about the Premises and window washing services in a manner consistent with other Comparable Buildings. Landlord will cooperate with Tenant to address Tenant’s reasonable security
requirements with respect to the janitorial services and personnel. In the event Landlord incurs any additional janitorial costs as a result of Tenant’s particular security requirements, such additional costs shall be paid by Tenant within
thirty (30) days of invoice. 
 6.1.5. Landlord shall provide nonexclusive, non-attended automatic passenger elevator
service during the Building Hours, shall have one elevator available at all other times, except on the Holidays, and shall provide nonexclusive, non-attended automatic passenger escalator service during Building Hours only, in a manner consistent
with other Comparable Buildings. 
 6.1.6. Landlord shall provide nonexclusive freight elevator service subject to scheduling by
Landlord, in a manner consistent with other Comparable Buildings. 
 6.1.7. Landlord shall provide access control personnel and
services at the Project in a manner comparable to that provided at Comparable Buildings. Subject to the terms of this Lease (including Article 8 hereof), Tenant may, at its own expense, install its own security system (“Tenant’s
Security System”) in the Premises. Tenant may coordinate the Tenant’s Security System to provide that the Building’s system and the Tenant’s Security System will operate on the same type of key card, so that Tenant’s
employees are able to use a single card for both systems, but shall not otherwise integrate the Tenant’s Security System with the Building systems. Notwithstanding anything contained herein to the contrary, subject to the terms of Article 8 of
this Lease, Tenant may install any security system in the Premises that is independent of, and which does not affect, Landlord’s security or life safety system and which does not adversely affect the Building systems or structure, or
Landlord’s ability to operate the Project on a commercially reasonable basis. Tenant shall be solely responsible, at Tenant’s sole. 
 Tenant shall cooperate in all reasonable respects with Landlord at all times and abide in all material respects by all regulations and requirements that Landlord may reasonably prescribe for the proper
functioning and protection of the HVAC, electrical, mechanical and plumbing systems. 
 6.2 Overstandard Tenant
Use. Tenant shall not, without Landlord’s prior written consent, use heat-generating machines, machines other than normal fractional horsepower office machines, or equipment or lighting other than Building standard lights in the
Premises, which may affect the temperature otherwise maintained by the air conditioning system or increase the water normally furnished for the Premises by Landlord pursuant to the terms of Section 6.1 of

  

 26 

 
this Lease. If such consent is given, Landlord shall have the right to install supplementary air conditioning units or other facilities in the Premises, including supplementary or additional
metering devices, and the cost thereof, including the cost of installation, operation and maintenance, increased wear and tear on existing equipment and other similar charges, shall be paid by Tenant to Landlord upon billing by Landlord. If Tenant
uses water, electricity, heat or air conditioning in excess of that supplied by Landlord pursuant to Section 6.1 of this Lease, Tenant shall pay to Landlord, within thirty (30) days after billing, the “Actual Cost” (as defined
below) of such excess consumption, the cost of the installation, operation, and maintenance of equipment which is installed in order to supply such excess consumption, and the cost of the increased wear and tear on existing equipment caused by such
excess consumption; and Landlord may install devices to separately meter any increased use and in such event Tenant shall pay the increased cost directly to Landlord, within thirty (30) days after demand, at the rates charged by the public
utility company furnishing the same, including the cost of such additional metering devices. Tenant’s use of electricity shall never exceed the capacity of the feeders to the Project or the risers or wiring installation, and subject to the
terms of Section 29.32, below, Tenant shall not install or use or permit the installation or use of any computer or electronic data processing equipment in the Premises which is not consistent with the use of the Premises for the Permitted Use,
without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. If Tenant desires to use heat, ventilation or air conditioning during hours other than those for which Landlord is obligated to
supply such utilities pursuant to the terms of Section 6.1 of this Lease, Tenant shall give notice of the same via Landlord’s standard automated system, and Landlord shall supply such utilities to Tenant at such hourly cost to Tenant
(which shall be treated as Additional Rent) as Landlord shall from time to time establish, provided that such cost shall not exceed the Actual Cost thereof as reasonably determined by Landlord. As used herein the term “Actual Cost”
shall mean the actual cost, including reasonable depreciation and administrative charges (to the extent not duplicative of Operating Expenses) incurred by Landlord, as reasonably determined by Landlord, but without charge for profit. 
 6.3 Interruption of Use. Tenant agrees that Landlord shall not be liable for damages, by abatement of Rent or otherwise, for
failure to furnish or delay in furnishing any service (including telephone and telecommunication services), or for any diminution in the quality or quantity thereof, when such failure or delay or diminution is occasioned, in whole or in part, by
breakage, repairs, replacements, or improvements, by any strike, lockout or other labor trouble, by inability to secure electricity, gas, water, or other fuel at the Building or Project after reasonable effort to do so, by any riot or other
dangerous condition, emergency, accident or casualty whatsoever, by act or default of Tenant or other parties, or by any other cause; and such failures or delays or diminution shall never be deemed to constitute an eviction or disturbance of
Tenant’s use and possession of the Premises or relieve Tenant from paying Rent or performing any of its obligations under this Lease. Furthermore, Landlord shall not be liable under any circumstances for a loss of, or injury to, property or for
injury to, or interference with, Tenant’s business, including, without limitation, loss of profits, however occurring; through or in connection with or incidental to a failure to furnish any of the services or utilities as set forth in this
Article 6. Landlord may comply with voluntary controls or guidelines promulgated by any governmental entity relating to the use or conservation of energy, water, gas, light or electricity or the reduction of automobile or other emissions without
creating any liability of Landlord to Tenant under this Lease, provided that the Premises are not thereby rendered untenantable. 
  

 27 

 6.4 Rent Abatement. if the Premises become untenantable and unusable by Tenant
as a result of (a) any damage or destruction to the Premises, the parking garage, the Building, and/or the Project, (b) any repair, maintenance or alteration performed by Landlord after the Lease Commencement Date and required or permitted
by the Lease, which substantially interferes with Tenant’s use of the Premises, the parking garage, and/or the Building, or (c) any non-availability to Tenant of services or access to the Premises, the parking garage, and/or the Building
as required by the terms of this Lease, Tenant shall give Landlord notice (the “Abatement Notice”), specifying such failure to perform by Landlord (the “Abatement Event”). If Landlord does not cure such Abatement
Event within five (5) business days of receipt of the Abatement Notice, Tenant may, upon written notice to Landlord, immediately abate Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant,
for the period beginning on the date five (5) business days after the Abatement Notice to the earlier of the date Landlord cures such Landlord Default or the date Tenant recommences the use of such portion of the Premises. Such right to abate
Rent shall be Tenant’s sole and exclusive rent abatement remedy at law or in equity for an Abatement Event. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying
Rent due hereunder. If Landlord has not cured such Abatement Event within six (6) months after receipt of the Abatement Notice from Tenant, Tenant shall have the right to terminate this Lease during the first ten (10) business days of each
calendar month following the end of such six (6) month period until such time as Landlord has cured the Abatement Event, which right may be exercised only by delivery of thirty (30) days’ notice to Landlord (the “Abatement
Event Termination Notice”) during such ten (10) business day period, and shall be effective as of a date set forth in the Abatement Event Termination Notice (the “Abatement Event Termination Date”), which Abatement
Event Termination Date shall not be less than thirty (30) days, and not more than two (2) months, following the delivery of the Abatement Event Termination Notice. Notwithstanding anything contained in this Section 6.4 to the
contrary, Tenant’s Abatement Event Termination Notice shall be null and void (but only in connection with the first notice sent by Tenant with respect to each separate Abatement Event) if Landlord cures such Abatement Event within such thirty
(30) day period following receipt of the Abatement Event Termination Notice. 
 ARTICLE 7 
 REPAIRS 
 7.1 Repair Obligations. Tenant shall; at Tenant’s own expense, pursuant to the terms of this Lease, including without limitation Article 8 hereof, keep the portions of the Premises, including the Tenant Improvements in
the Premises, and all other alterations, tenant fixtures and furnishings in the Premises (except the “Base Building,” as that term is defined in Section 8.2 of this Lease, and any Base Building systems and equipment), in good order,
repair and condition at all times during the Lease Term, subject to reasonable wear and tear, and damage by casualty event or the negligence or misconduct of Landlord or any Landlord Party (defined below). In addition, Tenant shall, at Tenant’s
own expense, but under the supervision and subject to the prior approval of Landlord, and within any reasonable period of time specified by Landlord, pursuant to the terms of this Lease, including without limitation Article 8 hereof, promptly and
adequately repair all damage to the Premises and replace or repair all damaged, broken, or worn fixtures and appurtenances, except for damage caused by ordinary wear and tear

  

 28 

 
or beyond the reasonable control of Tenant; provided however, that if Tenant fails to commence to make such repairs or replacements within thirty (30) days after notice from Landlord (except
in cases of emergency in which no notice shall be required of Landlord) and diligently complete such repairs, Landlord may, but need not, make such repairs and replacements, and Tenant shall pay Landlord actual, out-of-pocket costs thereof, arising
from Landlord’s involvement with such repairs and replacements within thirty (30) days after being billed for same (provided documentation evidencing the costs incurred by Landlord is provided to Tenant). Notwithstanding the foregoing,
Landlord shall repair and maintain in first class condition and operating order the Project parking facilities, exterior landscaping and lighting, as well as the structural portions of the Building, including, but not limited to, the foundation,
floor/ceiling slabs, roof, curtain wall, exterior glass and mullions, columns, beams, shafts (including elevator shafts), stairs parking areas, stairwells, escalators, elevator cabs, plazas, mechanical, electrical and telephone closets
(collectively, the “Building Structure”) and the mechanical, electrical, life safety, plumbing, sprinkler systems (connected to the core) and base building HVAC systems (which shall in no event include any of the Tenant Repair
Items) (collectively, the “Building Systems”), except to the extent such maintenance and repairs are caused by the act, neglect, fault or omission of any duty by Tenant or contractors, agents, servants, employees, invitees, guests
or licensees of Tenant, in which event Tenant shall pay to Landlord, as Additional Rent, the reasonable cost of such maintenance and repairs. Landlord may, but shall not be required to, subject to and in accordance with the provisions of Article 27
hereof, enter the Premises at all reasonable times to make such repairs, alterations, improvements or additions to the Premises or to the Project or to any equipment located in the Project as Landlord shall desire or deem necessary or as Landlord
may be required to do by governmental or quasi-governmental authority or court order or decree. Tenant hereby waives any and all rights under and benefits of subsection 1 of Section 1932 and Sections 1941 and 1942 of the California Civil Code
or under any similar law, statute, or ordinance now or hereafter in effect. 
 7.2 Tenant’s Right to Make
Repairs. Notwithstanding any provision set forth in this Lease to the contrary, if Tenant provides Notice to Landlord of an event or circumstance which requires the action of Landlord with respect to repair and/or maintenance of a portion of
the Building Structure and/or Building System located within the Premises, which event or circumstance with respect to the Building Structure or Building System materially or adversely affects the conduct of Tenant’s business from the Premises,
and Landlord fails to commence corrective action within a reasonable period of time, given the circumstances, after the receipt of such Notice, but in any event not later than thirty (30) days after receipt of such Notice, then Tenant may
proceed to take the required action upon delivery of an additional five (5) business days’ Notice to Landlord specifying that Tenant is taking such required action, and if such action was required under the Lease to be taken by Landlord
and was not commenced by Landlord within such five (5) business day period, then Tenant shall be entitled to prompt reimbursement by Landlord of Tenant’s reasonable costs and expenses in taking such action plus interest thereon at the
Interest Rate. Notwithstanding the foregoing, in the event of an emergency situation (i.e., a situation involving imminent material threat to persons or property), Tenant may take any such action upon one (1) day prior notice to Landlord, and
without the requirement of a second notice. In the event Tenant takes such action, Tenant shall use only those contractors used by Landlord in the Building for work unless such contractors are unwilling or unable to perform, or timely perform, such
work, in which event Tenant may utilize the services of any other qualified contractor which normally and regularly performs similar work in Comparable Buildings.

  

 29 

 
Promptly following completion of any work, Tenant shall deliver a detailed invoice of the work completed, the materials used and the costs relating thereto. If Landlord does not deliver a
detailed written objection to Tenant within thirty (30) days after receipt of an invoice from Tenant, then Tenant shall be entitled to deduct from Rent payable by Tenant under this Lease, the amount set forth in such invoice. If, however,
Landlord delivers to Tenant, within thirty (30) days after receipt of Tenant’s invoice, a written objection to the payment of such invoice, setting forth with reasonable particularity Landlord’s reasons for its claim that such action
did not have to be taken by Landlord pursuant to this Lease or that the charges are excessive (in which case Landlord shall pay the amount it contends would not have been excessive), then Tenant shall not then be entitled to such deduction from
Rent, and if so elected by Tenant, Tenant may proceed to claim a default by Landlord and commence an action against Landlord for such amounts. 
 ARTICLE 8 
 ADDITIONS AND ALTERATIONS 
 8.1 Landlord’s Consent to Alterations. Tenant may not make any improvements, alterations, additions or changes to the
Premises or any mechanical, plumbing or HVAC facilities or systems pertaining to the Premises (collectively, the “Alterations”) without first procuring the prior written consent of Landlord to such Alterations, which consent shall
be requested by Tenant not less than fifteen (15) days prior to the commencement thereof, and which consent shall not be unreasonably withheld, conditioned or delayed by Landlord, provided it shall be deemed reasonable for Landlord to withhold
its consent to any Alteration which adversely affects the structural portions or the systems or equipment of the Building or is visible from the exterior of the Building. Notwithstanding the foregoing, Tenant shall be permitted to make Alterations
following ten (10) business days notice to Landlord, but without Landlord’s prior consent, to the extent that such Alterations are: (i) decorative only (i.e., installation of carpeting or painting of the Premises); or (ii) the
cost of such Alterations does not exceed Fifty Thousand and No/100 Dollars ($50,000,00), do not affect and/or are not constructed long the window line of the Premises such the same may be seen from the exterior of the Premises, and do not adversely
affect the systems and equipment of the Building, exterior appearance of the Building, or structural aspects of the Building; and provided that such all such Alterations identified in items (i) and (ii) above shall nonetheless be made in
accordance with the remaining terms of this Article 8, and the terms of this Lease. The construction of the initial improvements to the Premises shall be governed by the terms of the Tenant Work Letter and not the terms of this Article 8.

 8.2 Manner of Construction. Landlord may impose, as a condition of its consent to any and all Alterations or
repairs of the Premises or about the Premises, such requirements as Landlord in its reasonable discretion may deem desirable, including, but not limited to, the requirement that Tenant utilize for such purposes only contractors, subcontractors,
materials, mechanics and materialmen selected by Tenant from a list provided and approved by Landlord, the requirement that Tenant shall, at Tenant’s expense, remove such Alterations upon the expiration or any early termination of the Lease
Term (provided that Landlord shall not require Tenant to remove Alterations which are customary general office improvements (“General Office Improvements”), and the requirement that all Alterations conform in terms of quality and
style to the Building’s standards established by Landlord. Raised flooring, rolling files, and

  

 30 

 
interior stairwells shall not be considered to be General Office Improvements. If such Alterations will involve the use of or disturb hazardous materials or substances existing in the Premises,
Tenant shall comply with Landlord’s rules and regulations concerning such hazardous materials or substances. Tenant shall construct such Alterations and perform such repairs in a good and workmanlike manner, in conformance with any and all
applicable federal, state, county or municipal laws, rules and regulations and pursuant to a valid building permit, issued by the City of Los Angeles, all in conformance with Landlord’s construction rules and regulations. In the event Tenant
performs any Alterations in the Premises which require or give rise to governmentally required changes to the “Base Building,” as that term is defined below, then Landlord shall, at Tenant’s expense, make such changes to the Base
Building. The “Base Building” shall include the structural portions of the Building, and the public restrooms and the systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are
located. In performing the work of any such Alterations, Tenant shall have the work performed in such manner so as not to unreasonably obstruct access to the Project or any portion thereof, by any other tenant of the Project, and so as not to
unreasonably obstruct the business of Landlord or other tenants in the Project. Tenant shall not use (and upon notice from Landlord shall cease using) contractors, services, workmen, labor, materials or equipment that, in Landlord’s reasonable
judgment, would disturb labor harmony with the workforce or trades engaged in performing other work, labor or services in or about the Building or the Common Areas. In addition to Tenant’s obligations under Article 9 of this Lease, upon
completion of any Alterations, Tenant agrees to cause a Notice of Completion to be recorded in the office of the Recorder of the County of Los Angeles in accordance with Section 3093 of the Civil Code of the State of California or any successor
statute, and Tenant shall deliver to the Project management office (A) a reproducible print copy, and (B) an electronic CAD file, of the “as built” drawings of the Alterations as well as all permits, approvals and other documents
issued by any governmental agency in connection with the Alterations Based upon such “as built” drawings and other documents provided by Tenant, Landlord shall, at Tenant’s reasonable expense, update Landlord’s “As-Built
Floor Master Plans,” including updated vellums and electronic CAD files. As used in this Lease, the “As-Built Floor Master Plans” means (i) the “Architectural Partition Plan,” and (ii) the following engineered
plans: (a) “Lighting Plan,” (b) “Power Plan,” (c) “Mechanical Plan,” (d) “Plumbing Plan,” (e) “Fire Sprinkler Plan, and (f) “Fire/Life Safety Plan.” The current
version of such As-Built Floor Master Plans, which may be modified by Landlord from time-to-time, shall be made available to Tenant upon Tenant’s request. 
 8.3 Payment for Improvements. If payment is made directly to contractors, Tenant shall comply with Landlord’s requirements for final lien releases and waivers in connection with
Tenant’s payment for work to contractors. If Tenant (in its sole and absolute discretion) orders any work directly from Landlord, Tenant shall pay to Landlord a percentage of the cost of such work (not to exceed five percent
(5%)) sufficient to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord’s involvement with such work. If Tenant does not order any work directly from Landlord, Tenant shall not
be required to pay Landlord any supervision fee or other compensation in connection with such work, but if such work shall involve any matter which reasonably requires review or consultation by Landlord’s management staff with third party
consultants, Tenant shall be required to reimburse Landlord for Landlord’s reasonable, actual, out-pocket costs and expenses incurred in engaging any such third party consultants for such review or consultation. The terms of this

  

 31 

 
Section 8.3 (and all of the terms of this Article 8) do not govern the construction of the initial improvements in the Premises, which construction shall be governed by the terms of
the Tenant Work Letter. 
 8.4 Construction Insurance. Prior to the commencement of any Alteration, Tenant shall
provide Landlord with reasonable evidence that Tenant carries “Builder’s All Risk” insurance in a commercially reasonable amount covering the construction of such Alterations to the extent customarily required given the scope of such
Alterations (and to the extent such coverage is not duplicative of coverage carried by Tenant under Article 10 of this Lease), it being understood and agreed that all such Alterations shall be insured by Tenant pursuant to Article 10 of this Lease
immediately upon completion thereof. In addition, if a proposed Alteration is reasonably estimated to exceed $150,000, Landlord may, in its reasonable discretion, require Tenant to obtain a lien and completion bond or some alternate form of security
reasonably satisfactory to Landlord in an amount sufficient to ensure the lien-free completion of such Alteration and naming Landlord as a co-obligee. 
 8.5 Landlord’s Property. Subject to the provisions of this Lease, all Alterations, improvements, fixtures, equipment and/or appurtenances which may be affixed to the Premises, from time
to time, shall be at the sole cost of Tenant and shall be and become the property of Landlord at the expiration or sooner termination of this Lease, except that Tenant shall have the right to remove any such Alterations, improvements, fixtures
and/or equipment which Tenant can substantiate to Landlord have not been paid for with any Tenant improvement allowance funds provided to Tenant by Landlord, provided Tenant repairs any damage to the Premises and Building caused by such removal and
returns the affected portion of the Premises to a building standard tenant improved condition as determined by Landlord. Furthermore, subject to the provisions of this Lease, as to any Alterations requiring Landlord’s consent, if Landlord, as a
condition to Landlord’s consent to any such Alteration (which was not a General Office Alteration), notified Tenant that it retained the right to require that Tenant remove such Alteration upon the expiration or early termination of the Lease
Term, Landlord may, by, written notice given to Tenant not less than sixty (60) days prior to the end of the Lease Term, or given within thirty (30) days following any earlier termination of this Lease, require Tenant, at Tenant’s
expense, to remove such Alteration and to repair any damage to the Premises and Building caused by such removal. If Tenant fails to complete such removal and/or to repair any damage caused by the removal of any Alterations or improvements in the
Premises, and return the affected portion of the Premises to a building standard tenant improved condition as determined by Landlord, then at Landlord’s option, either (A) Tenant shall be deemed to be holding over in the Premises and Rent
shall continue to accrue in accordance with the terms of Article 16, below, until such work shall be completed, or (B) Landlord may do so and may charge the cost thereof to Tenant. Tenant hereby protects, defends, indemnifies and holds Landlord
harmless from any liability, cost, obligation, expense or claim of lien in any manner relating to the installation, placement, removal or financing of any such Alterations, improvements, fixtures and/or equipment in, on or about the Premises, which
obligations of Tenant shall survive the expiration or earlier termination of this Lease. 
  

 32 

 ARTICLE 9 
 COVENANT AGAINST LIENS 
 Tenant shall keep the Project and Premises
free from any liens or encumbrances arising out of the work performed; materials furnished or obligations incurred by or on behalf of Tenant, and shall protect, defend, indemnify and hold Landlord harmless from and against any claims, liabilities,
judgments or costs (including, without limitation, reasonable attorneys’ fees and costs) arising out of same or in connection therewith. Tenant shall give Landlord notice at least twenty (20) days prior to the commencement of any such work
on the Premises (or such additional time as may be necessary under applicable laws) to afford Landlord the opportunity of posting and recording appropriate notices of non-responsibility. Tenant shall remove any such lien or encumbrance by bond or
otherwise within ten (10) business days after notice by Landlord, and if Tenant shall fail to do so, Landlord may pay the amount necessary to remove such lien or encumbrance, without being responsible for investigating the validity thereof. The
amount so paid shall be deemed Additional Rent under this Lease payable within thirty (30) days of receipt of invoice therefor, without limitation as to other remedies available to Landlord under this Lease. Nothing contained in this Lease
shall authorize Tenant to do any act which shall subject Landlord’s title to the Building or Premises to any liens or encumbrances whether claimed by operation of law or express or implied contract. Any claim to a lien or encumbrance upon the
Building or Premises arising in connection with any such work or respecting the Premises not performed by or at the request of Landlord shall be null and void, or at Landlord’s option shall attach only against Tenant’s interest in the
Premises and shall in all respects be subordinate to Landlord’s title to the Project, Building and Premises. 
 ARTICLE
10 
 INSURANCE 
 10.1 Indemnification and Waiver. Tenant hereby assumes all risk of damage to property or injury to persons in, upon or about the Premises from any cause whatsoever (including, but not
limited to, any personal injuries resulting from a slip and fall in, upon or about the Premises) and agrees that Landlord, its partners, subpartners and their respective officers, agents, servants, employees, and independent contractors (each
“Landlord Party” and collectively, “Landlord Parties”) shall not be liable for, and are hereby released from any responsibility for, any damage either to person or property or resulting from the loss of use thereof,
which damage is sustained by Tenant or by other persons claiming through Tenant, except if as a result of the negligence or willful misconduct of Landlord, or any of its employees, agents or contractors. Tenant shall indemnify, defend, protect, and
hold harmless the Landlord Parties from any and all loss, cost, damage, expense and liability (including without limitation court costs and reasonable attorneys’ fees) (“Claims”) incurred in connection with or arising from any
cause in, on or about the Premises, any violation of any of the requirements, ordinances, statutes, regulations or other laws, including, without limitation, any environmental laws required to be observed hereunder, any acts, omissions or willful
misconduct of Tenant or of any person claiming by, through or under Tenant, or of the contractors, agents, servants, employees, invitees, guests or licensees of Tenant or any such person, in, on or about the Project or any breach of the terms of
this Lease, either prior to, during, or after the expiration of the

  

 33 

 
Lease Term, provided that the terms of the foregoing indemnity shall not apply to the negligence or willful misconduct of any Landlord Party in connection with the Landlord Parties’
activities in, on or about the Project, including the Premises. Should Landlord be named as a defendant in any suit brought against Tenant in connection with or arising out of Tenant’s occupancy of the Premises, Tenant shall pay to Landlord its
actual, out-of-pocket and reasonable costs and expenses incurred in such suit, including without limitation, its actual, out-of-pocket and reasonable professional fees such as appraisers’, accountants’ and attorneys’ fees. Subject to
the provisions of this Section 10.1, Landlord shall indemnify, defend, protect and hold Tenant and its partners, officers, agents, servants and employees (collectively, “Tenant Parties”) harmless from and against any and all
Claims incurred in connection with, or arising from (i) any cause in or about the Project, the Building or the Common Areas (in each case other than the Premises), to the extent the same would be covered under a customary commercial general
liability policy of insurance or is otherwise covered by Landlord’s insurance; (ii) negligence or willful misconduct of Landlord or of any Landlord Party or any Landlord contractor, whether in or about the Project, the Building, the Common
Areas or the Premises, or (iii) a breach of this Lease by Landlord; provided, however, that the foregoing indemnity shall not apply to the extent of the negligence or willful misconduct of Tenant or its partners, members, subpartners, parents,
subsidiaries, affiliates and their respective officers, agents, servants, employees, and independent contractors. Tenant’s agreement to indemnify Landlord pursuant to this Section 10.1 is not intended and shall not relieve any insurance
carrier of its obligations under policies required to be carried by Tenant pursuant to the provisions of this Lease, to the extent such policies cover the matters subject to Tenant’s indemnification obligations; nor shall they supersede any
inconsistent agreement of the parties set forth in any other provision of this Lease. The provisions of this Section 10.1 shall survive the expiration or sooner termination of this Lease with respect to any claims or liability arising in
connection with any event occurring prior to such expiration or termination. 
 10.2 Landlord’s Fire and Casualty
Insurance. Landlord shall insure the Building (including the Building Structure and Building Systems) and the Project during the Lease Term under (a) Special Form coverage (“all risks” form), and (b) a Commercial General
Liability and Umbrella Liability. Such coverage shall be in such amounts, from such companies, and on such other terms and conditions, as Landlord may from time to time reasonably determine, provided the coverage and amounts of insurance carried by
Landlord in connection with the Building shall at a minimum be comparable to the coverage and amounts of insurance which are carried by reasonably prudent landlords of Comparable Buildings. Notwithstanding the foregoing, Landlord shall not be
required to carry earthquake, flood or terrorism insurance (although Landlord may do so at Landlord’s sole option). Upon inquiry by Tenant, from time to time, Landlord shall inform Tenant of all such insurance carried by Landlord. Tenant shall,
at Tenant’s expense, comply with all insurance company requirements of Landlord’s insurance company pertaining to the use of the Premises, provided and on the condition, that any such requirements are reasonable and customary for
Comparable Buildings and Tenant is provided with notice of any such requirements and any changes thereto. If Tenant’s nongeneral office conduct or use of the Premises causes any increase in the premium for such insurance policies then Tenant
shall reimburse Landlord for any such increase or discontinue such conduct, except when such conduct or use is reasonably consistent with the typical use of other office tenants in Comparable Buildings. Tenant, at Tenant’s expense, shall comply
with all rules, orders,

  

 34 

 
regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and with any similar body. 
 10.3 Tenant’s insurance. Tenant shall maintain the following coverages in the following amounts. 
 10.3.1. Commercial General Liability Insurance covering the insured against claims of bodily injury, personal injury and property damage
(including loss of use thereof) arising out of Tenant’s operations, and contractual liabilities (covering the performance by Tenant of its indemnity agreements) including a Broad Form endorsement covering the insuring provisions of this Lease
and the performance by Tenant of the indemnity agreements set forth in Section 10.1 of this Lease, for limits of liability not less than: 
  

			
	 Bodily Injury and
	 	 $5,000,000 each occurrence

	 Property Damage Liability
	 	 $5,000,000 annual aggregate

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

 10.3.2. Physical Damage Insurance covering (i) all office furniture, business
and trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s property on the Premises installed by, for, or at the expense of Tenant, (ii) the “Tenant
Improvements,” as that term is defined in Section 2.1 of the Tenant Work Letter, and any other improvements which exist in the Premises as of the Lease Commencement Date (excluding the Base Building) (the “Original
Improvements”), and (iii) all other improvements, alterations and additions to the Premises (other than the Base Building and the Base Building systems and equipment). Such insurance shall be written on an “special form”
physical loss or damage basis, for the full replacement cost value (subject to reasonable deductible amounts) new without deduction for, depreciation of the covered items and in amounts that meet any co-insurance clauses of the policies of insurance
and shall include coverage for damage or other loss caused by fire or other peril including, but not limited to, vandalism and malicious mischief, theft, water damage of any type, including sprinkler leakage, bursting or stoppage of pipes, and
explosion, and providing business interruption coverage for a period of one year. Tenant shall not be required to carry earthquake, terrorism and/or flood insurance coverage on its personal property or Tenant Improvements; provided, however,
notwithstanding the foregoing, Landlord shall have no obligation to provide any such insurance for the same. The foregoing shall not be deemed to affect Tenant’s obligations with respect to repair of the Premises in the event of damage caused
by earthquake, terrorism and/or flood, as otherwise set forth in this Lease. 
 10.3.3. Worker’s Compensation and
Employer’s Liability or other similar insurance to the extent required of Tenant pursuant to all applicable state and local statutes and regulations. 
 10.4 Form of Policies. The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of Tenant under this Lease. Such

  

 35 

 
insurance shall (i) name Landlord, Landlord’s lender, and any other party the Landlord so specifies, as an additional insured, including Landlord’s managing agent, if any;
(ii) specifically cover the liability assumed by Tenant under this Lease, including, but not limited to, Tenant’s obligations under Section 10.1 of this Lease; (iii) be issued by an insurance company having a rating of not less
than A-X in Best’s Insurance Guide or which is otherwise acceptable to Landlord and licensed to do business in the State of California; (iv) be primary insurance as to all claims thereunder and provide that any insurance carried by
Landlord is excess and is non-contributing with any insurance requirement of Tenant; (v) be in form and content reasonably acceptable to Landlord; and (vi) provide that said insurance shall not be canceled or coverage changed unless thirty
(30) days’ prior written notice shall have been given to Landlord and any mortgagee of Landlord. Tenant shall deliver said policy or policies or certificates thereof to Landlord on or before the Lease Commencement Date and at least twenty
(20) days before the expiration dates thereof. In the event Tenant shall fail to procure such insurance, or to deliver such policies or certificate, and such failure shall continue for five (5) business days’ after notice from
Landlord, Landlord may, at its option, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord within thirty (30) days after delivery to Tenant of bills therefor. 
 10.5 Subrogation. Landlord and Tenant intend that their respective property loss risks shall be borne by their respective
insurance carriers to the extent above provided, and Landlord and Tenant hereby agree to look solely to, and seek recovery only from, their respective property damage insurance carriers in the event of a property loss to the extent that such
coverage is agreed to be insured hereunder. The parties each hereby waive all rights and claims against each other for such losses, waive all rights of subrogation of their respective property damage insurers, provided such waiver of subrogation
shall not affect the right to the insured to recover thereunder. The parties agree that their respective insurance policies are now, or shall be, endorsed such that the waiver of subrogation shall not affect the right of the insured to recover
thereunder, so long as no material additional premium is charged therefor. 
 10.6 Additional Insurance
Obligations. Tenant shall carry and maintain during the entire Lease Term, at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 10 and such other reasonable
types of insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably requested by Landlord and nondiscriminatorily requested by Landlord; provided, however, that notwithstanding
any provision of the foregoing to the contrary, (i) Landlord shall not be permitted to increase the scope or amount of insurance to be carried by Tenant hereunder more than once during any one (1) five-year period, and (ii) any new
requirements imposed by Landlord shall be consistent with respect to the insurance required of comparably sized tenants by the owners of the Comparable Buildings. 
 ARTICLE 11 
 DAMAGE AND DESTRUCTION 
 11.1 Repair of Damage to Premises by Landlord. Except in the case where Landlord or its agents are already aware of the same,
Tenant shall promptly notify Landlord of any material damage to the Premises resulting from fire or any other casualty. If the Project, the

  

 36 

 
Building, Premises or any Common Areas (or any improvements contained in any of the same) serving, providing access to, or otherwise affecting Tenant’s use and enjoyment of the Premises
shall be damaged by fire or other casualty, Landlord shall promptly and diligently, subject to reasonable delays for insurance adjustment or other matters beyond Landlord’s reasonable control, and subject to all other terms of this Article 11,
restore the Project, the Building and such Common Areas (other than Tenant Improvements within the Premises). Such restoration shall be to materially the same condition of the Project, the Building, the Premises and the Common Areas immediately
prior to the casualty, except for modifications required by zoning and building codes and other laws or by the holder of a mortgage on the Building or Project or any other modifications to the Common Areas reasonably deemed desirable by Landlord,
provided that access to the Premises and any common restrooms serving the Premises shall not be materially impaired. Upon the occurrence of any material damage to the Premises, upon notice (the “Landlord Repair Notice”) to Tenant
from Landlord, Tenant shall assign to Landlord (or to any party designated by Landlord) all insurance proceeds payable to Tenant under Tenant’s insurance required under Section 10.3 of this Lease, and Landlord shall repair any injury or
damage to the Tenant Improvements and the Original Improvements installed in the Premises and shall return such Tenant Improvements and Original Improvements to their original condition; provided that if the reasonable estimated cost of such repair
by Landlord exceeds the amount of insurance proceeds received by Landlord from Tenant’s insurance carrier, as assigned by Tenant, Landlord shall so advise Tenant and provide supporting documentation evidencing such estimated cost, and the
uninsured costs of such repairs shall be paid by Tenant to Landlord, prior to Landlord’s commencement of repair of the damage. In the event that Landlord does not deliver the Landlord Repair Notice within sixty (60) days following the date
the casualty becomes known to Landlord, Tenant shall not be required to assign to Landlord (or to any party designated by Landlord) the insurance proceeds payable to Tenant under Tenant’s insurance required under Section 10.3 of this Lease
and Tenant shall, subject to reasonable delays for insurance adjustment or other matters beyond Tenant’s reasonable control, and subject to all other terms of this Article 11, at its sole cost and expense, repair any injury or damage to the
Tenant Improvements and the Original Improvements installed in the Premises. Whether or not Landlord delivers a Landlord Repair Notice, prior to the commencement of construction, Tenant shall submit to Landlord, for Landlord’s reasonable review
and approval, all plans, specifications and working drawings relating thereto; the work with respect to any such construction shall be performed in accordance with Article 8 hereof. Except as otherwise provided in this Lease, Landlord shall not be
liable for any inconvenience or annoyance to Tenant or its visitors, or injury to Tenant’s business resulting in any way from such damage or the repair thereof; provided however, that if such fire or other casualty shall have damaged the
Premises or Common Areas necessary to Tenant’s occupancy, Landlord shall allow Tenant a proportionate abatement of Rent during the time and to the extent the Premises are unfit for occupancy for the purposes permitted under this Lease, and not
occupied by Tenant as a result thereof. In the event that Landlord shall not deliver the Landlord Repair Notice, Tenant’s right to rent abatement pursuant to the preceding sentence shall terminate as of the date which is reasonably determined
by Landlord to be the date Tenant should have completed repairs to the Premises assuming Tenant used reasonable due diligence in connection therewith. 
 11.2 Landlord’s Option to Repair. Notwithstanding the terms of Section 11.1 of this Lease, Landlord may elect not to rebuild and/or restore the Premises, Building and/or Project,
and instead, subject to the terms of this Section 11.2, terminate this Lease, by notifying Tenant in

  

 37 

 
writing of such termination within sixty (60) days after the date of discovery of the damage, such notice to include a termination date giving Tenant sixty (60) days to vacate the
Premises, which sixty (60) day period is subject to extension due to “Force Majeure,” as that term is defined in Section 29.16, below, but Landlord may so elect only if the Building or Project shall be materially damaged by fire
or other casualty or cause, whether or not the Premises are affected, and one or more of the following conditions is present: (i) in the reasonable written opinion of a contractor or engineer unaffiliated with Landlord, repairs cannot
reasonably be completed within one hundred eighty (180) days after the date of discovery of the damage (when such repairs are made without the payment of overtime or other premiums); (ii) the holder of any mortgage on the Building or
Project or ground lessor with respect to the Building or Project shall require that the insurance proceeds or any portion thereof be used to retire the mortgage debt, or shall terminate the ground lease, as the case may be; (iii) the damage is
not fully covered by Landlord’s insurance policies; or (iv) the damage occurs during the last twelve (12) months of the Lease Term; provided and on the condition that Landlord shall only have the right to terminate this Lease as set
forth above, if Landlord terminates all leases or similarly affected areas of the Project (to the extent Landlord has the right to do so under those leases, and in any event provided that Landlord shall have terminated leases which comprise a
majority of the square footage in such similarly affected areas of the Project (other than the CAA Lease)). If Landlord does not elect to terminate this Lease pursuant to Landlord’s termination right as provided above, and the damage occurs
during the last twelve (12) months of the Lease Term, and/or the repairs cannot, in the reasonable opinion of Landlord’s contractor, be completed within one hundred eighty (180) days after being commenced, Tenant may elect, no earlier
than sixty (60) days after the date of the damage and not later than ninety (90) days after the date of such damage, to terminate this Lease by written notice to Landlord effective as of the date specified in the notice, which date shall
not be less than thirty (30) days nor more than sixty (60) days after the date such notice is given by Tenant. Furthermore, if neither Landlord nor Tenant has terminated this Lease, and the repairs are not actually completed within two
hundred forty (240) days after the date of discovery of damage, Tenant shall have the right to terminate this Lease during the first five (5) business days of each calendar month following the end of such 240-day period until such time as
the repairs are complete, by notice to Landlord (the “Damage Termination Notice”), effective as of a date set forth in the Damage Termination Notice (the “Damage Termination Date”), which Damage Termination Date
shall not be less than ten (10) business days following the end of each such month. Notwithstanding the foregoing, if Tenant delivers a Damage Termination Notice to Landlord, then Landlord shall have the right to suspend the occurrence of the
Damage Termination Date for a period ending thirty (30) days after the Damage Termination Date set forth in the Damage Termination Notice by delivering to Tenant, within five (5) business days of Landlord’s receipt of the Damage
Termination Notice, a certificate of Landlord’s contractor responsible for the repair of the damage certifying that it is such contractor’s good faith judgment that the repairs shall be substantially completed within thirty (30) days
after the Damage Termination Date. If repairs shall be substantially completed prior to the expiration of such thirty-day period, then the Damage Termination Notice shall be of no force or effect, but if the repairs shall not be substantially
completed within such thirty-day period, then this Lease shall terminate upon the expiration of such thirty-day period. At any time, from time to time, after the date occurring sixty (60) days after the date of the damage, Tenant may request
that Landlord inform Tenant of Landlord’s reasonable opinion of the date of completion of the repairs and Landlord shall respond to such request within five (5) business 
  

 38 

 
days. Notwithstanding the provisions of this Section 11.2, Tenant shall have the right to terminate this Lease under this Section 11.2 only if each of the following conditions is
satisfied: (a) there is then no Event of Default under this Lease; (b) as a result of the damage, Tenant cannot reasonably conduct business from a material portion of the Premises, or the portions of the Project affected by such damage
materially impairs Tenant’s ability to conduct business from the Premises; and, (c) as a result of the damage, Tenant does not occupy or use the Premises. 
 11.3 Waiver of Statutory Provisions. The provisions of this Lease, including this Article 11, constitute an express agreement between Landlord and Tenant with respect to any and all damage
to, or destruction of, all or any part of the Premises, the Building or the Project, and any statute or regulation of the State of California, including, without limitation, Sections 1932(2) and 1933(4) of the California Civil Code, with respect to
any rights or obligations concerning damage or destruction in the absence of an express agreement between the parties, and any other statute or regulation, now or hereafter in effect, shall have no application to this Lease or any damage or
destruction to all or any part of the Premises, the Building or the Project. 
 ARTICLE 12 
 NONWAIVER 
 No provision of this Lease shall be deemed waived by either party hereto unless expressly waived in a writing signed thereby. The waiver by either party hereto of any breach of any term, covenant or condition herein contained shall not be
deemed to be a waiver of any subsequent breach of same or any other term, covenant or condition herein contained. The subsequent acceptance of Rent hereunder by Landlord shall not be deemed to be a waiver of any preceding breach by Tenant of any
term, covenant or condition of this Lease, other than the failure of Tenant to pay the particular Rent so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such Rent. No acceptance of a lesser
amount than the Rent herein stipulated shall be deemed a waiver of Landlord’s right to receive the full amount due, nor shall any endorsement or statement on any check or payment or any letter accompanying such check or payment be deemed an
accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the full amount due. No receipt of monies by Landlord from Tenant after the termination of this Lease shall in any way alter
the length of the Lease Term or of Tenant’s right of possession hereunder, or after the giving of any notice shall reinstate, continue or extend the Lease Term or affect any notice given Tenant prior to the receipt of such monies, it being
agreed that after the service of notice or the commencement of a suit, or after final judgment for possession of the Premises, Landlord may receive and collect any Rent due, and the payment of said Rent shall not waive or affect said notice, suit or
judgment. The payment of any Rent or any other amount hereunder by Tenant shall not prejudice in any manner the right of Tenant to thereafter contest whether such Rent or other amount was payable hereunder by Tenant, otherwise waive any breach or
default by Landlord or otherwise affect any claim held by Tenant against Landlord. 
  

 39 

 ARTICLE 13 
 CONDEMNATION 
 If the whole or more than
twenty-five percent (25%) of the rentable square feet of the Premises, Building or Project shall be taken by power of eminent domain or condemned by any competent authority for any public or quasi-public use or purpose, or if any adjacent
property or street shall be so taken or condemned, or reconfigured or vacated by such authority in such manner as to require the use, reconstruction or remodeling of any part of the Premises, Building or Project, or if Landlord shall grant a deed or
other instrument in lieu of such taking by eminent domain or condemnation, Landlord shall promptly give Tenant notice of any such proposed taking or condemnation together with the anticipated date possession is required to be surrendered to the
authority and shall have the option to terminate this Lease effective as of the date possession is required to be surrendered to the authority; provided, however, that with respect to any taking or condemnation of the Building or the Project that
does not affect the Premises, Landlord’s right to terminate this Lease as set forth in this Article 13 shall be conditioned upon Landlord electing to terminate the lease of all other tenants of the Project similarly affected by the taking. If
more than twenty-five percent (25%) of the rentable square feet of the Premises is taken, 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 possession is required to be surrendered to the authority. Tenant shall not because of such taking assert any claim against Landlord or the authority for any compensation because of such taking
and Landlord shall be entitled to the entire award or payment in connection therewith, except that Tenant shall have the right to file any separate claim available to Tenant for any taking of Tenant’s personal property and fixtures belonging to
Tenant and removable by Tenant upon expiration of the Lease Term pursuant to the terms of this Lease, and for moving expenses, so long as such claims do not diminish the award available to Landlord, its ground lessor with respect to the Building or
Project or its mortgagee, and such claim is payable separately to Tenant. All Rent shall be apportioned as of the date of such termination. If any part of the Premises shall be taken, and this Lease shall not be so terminated, the Rent shall be
proportionately abated. Tenant hereby waives any and all rights it might otherwise have pursuant to Section 1265.130 of The California Code of Civil Procedure. Notwithstanding anything to the contrary contained in this Article 13, in the event
of a temporary taking of all or any portion of the Premises for a period of one hundred and eighty (180) days or less, then this Lease shall not terminate but the Base Rent and the Additional Rent shall be abated for the period of such taking
in proportion to the ratio that the amount of rentable square feet of the Premises taken bears to the total rentable square feet of the Premises. Landlord shall be entitled to receive the entire award made in connection with any such temporary
taking. 
 ARTICLE 14 
 ASSIGNMENT AND SUBLETTING 
 14.1 Transfers. Tenant
shall not, without the prior written consent of Landlord, assign, mortgage, pledge, hypothecate, encumber, or permit any lien to attach to, or otherwise transfer, this Lease or any interest hereunder, permit any assignment, or other transfer of this
Lease or any interest hereunder by operation of law, sublet the Premises or any part thereof, or

  

 40 

 
enter into any license or concession agreements or otherwise permit the occupancy or use of the Premises or any part thereof by any persons other than Tenant, its Affiliates and their employees
and contractors (all of the foregoing are hereinafter sometimes referred to collectively as “Transfers” and any person to whom any Transfer is made or sought to be made is hereinafter sometimes referred to as a
“Transferee”). If Tenant desires Landlord’s consent to any Transfer (and provided that Tenant has previously delivered the “Intention to Transfer Notice”, as defined in Section 14.4, below), Tenant shall
notify Landlord in writing, which notice (the “Transfer Notice”) shall include (i) the proposed effective date of the Transfer, which shall not be less than thirty (30) days nor more than two hundred seventy
(270) days after the date of delivery of the Transfer Notice, (ii) a description of the portion of the Premises to be transferred (the “Subject Space”); (iii) all of the terms of the proposed Transfer and the
consideration therefor, including a good faith estimate (which may be subject to revision) of any “Transfer Premium”, as that term is defined in Section 14.3 below, in connection with such Transfer, the name and address of the
proposed Transferee, and, to the extent it then exists, copies of all proposed or executed documentation effectuating the proposed Transfer, including all operative documents to evidence such Transfer and all agreements incidental or related to such
Transfer (and, to the extent any such documentation materially changes, Tenant shall notify Landlord, and, if Landlord might otherwise have reasonably withheld its consent to the applicable Transfer, had the documentation initially contained such
change, then Landlord shall have the right to approve or disapprove such change), (iv) current financial statements of the proposed Transferee certified by an officer, partner or owner thereof, business credit and personal references and
history of the proposed Transferee and any other information reasonably required by Landlord which will enable Landlord to determine the financial responsibility, character, and reputation of the proposed Transferee, nature of such Transferee’s
business and proposed use of the Subject Space and (v) an executed estoppel certificate from Tenant in the form attached hereto as Exhibit E. Any Transfer made without Landlord’s prior written consent shall, at
Landlord’s option, be null, void and of no effect, and shall, at Landlord’s option, constitute a default by Tenant under this Lease. Whether or not Landlord consents to any proposed Transfer, Tenant shall pay Landlord’s review and
processing fees, as well as any reasonable professional fees (including, without limitation, attorneys’, accountants’, architects’, engineers’ and consultants’ fees) incurred by Landlord, within thirty (30) days after
written request by Landlord, in an amount not to exceed Two Thousand Five Hundred and No/100 Dollars ($2,500.00) in the aggregate. 
 14.2 Landlord’s Consent. Landlord shall not unreasonably withhold, condition or delay its consent to any proposed Transfer of the Subject Space to the Transferee on the terms specified in the Transfer Notice. Without
limitation as to other reasonable grounds for withholding consent, the parties hereby agree that it shall be reasonable under this Lease and under any applicable law for Landlord to withhold consent to any proposed Transfer where one or more of the
following apply: 
 14.2.1. The Transferee is of a character or demonstrated reputation or engaged in a business which
materially inconsistent with the quality of the Building or the Project; 
 14.2.2. The Transferee intends to use the Subject
Space for purposes which are not permitted under this Lease; 
 14.2.3. The Transferee is either a governmental agency or
instrumentality thereof; 
  

 41 

 14.2.4. The Transfer occurs during the period from the Lease Commencement Date until the
earlier of (i) January 2008, or (ii) the date at least ninety-five percent (95%) of the rentable square feet of the Building is leased, and the rent charged by Tenant to such Transferee during the term of such Transfer (the
“Transferee’s Rent”), calculated using a present value analysis, is less than ninety-five percent (95%) of the rent being quoted by Landlord at the time of such Transfer for comparable space in the Project for a comparable
term (the “Quoted Rent”), calculated using a present value analysis; 
 14.2.5. The Transferee is not a party
of reasonable financial worth and/or financial stability in light of the responsibilities to be undertaken in connection with the Transfer on the date consent is requested; 
 14.2.6. The proposed Transfer would cause a violation of another lease for space in the Project, or would give an occupant of the Project a
right to cancel its lease (provided that Landlord shall notify Tenant of any restrictions that might affect Tenant’s rights hereunder which are granted by Landlord after the date hereof); 
 14.2.7. The terms of the proposed Transfer will allow the Transferee to exercise a right of renewal, right of expansion, right of first
offer, or other similar right held by Tenant (or will allow such Transferee to occupy space leased by Tenant pursuant to any such right); or 
 14.2.8. Either the proposed Transferee, or any person or entity which directly or indirectly, controls, is controlled by, or is under common control with, the proposed Transferee, (i) occupies space
in the Project at the time of the request for consent, or (ii) is negotiating with Landlord to lease space in the Project at such time, or (iii) has negotiated with Landlord during the three (3) month period immediately preceding the
Transfer Notice (as evidenced by the transmittal of one or more draft proposals or lease documents by Tenant to Landlord or Landlord to Tenant), and Landlord has direct space in the Project available for lease which is reasonably comparable to the
Subject Space; or 
 14.2.9. The Transferee does not intend to occupy the Subject Space Premises and conduct its business
therefrom for a substantial portion of the term of the Transfer. 
 If Landlord consents to any Transfer pursuant to the terms
of this Section 14.2 (and does not exercise any recapture rights Landlord may have under Section 14.4 of this Lease), Tenant may within six (6) months after Landlord’s consent, but not later than the expiration of said six-month
period, enter into such Transfer of the Premises or portion thereof, upon substantially the same terms and conditions as are set forth in the Transfer Notice furnished by Tenant to Landlord pursuant to Section 14.1 of this Lease, provided that
if there are any material changes in the terms and conditions from those specified in the Transfer Notice (i) such that Landlord would initially have been entitled to refuse its consent to such Transfer under this Section 14.2, or
(ii) which would cause the proposed Transfer to be materially more favorable to the Transferee than the terms set forth in Tenant’s original Transfer Notice, Tenant shall again submit the Transfer to Landlord for its approval and other
action under this Article 14 (including Landlord’s right of recapture, if any, under Section 14.4 of this Lease). Notwithstanding anything to the contrary in this Lease, if Tenant or any proposed Transferee claims that Landlord has
unreasonably withheld or delayed its consent under Section 14.2 or otherwise has breached

  

 42 

 
or acted unreasonably under this Article 14, their sole remedies shall be a declaratory judgment and an injunction for the relief sought without any monetary damages, and Tenant hereby waives all
other remedies, including, without limitation, any right at law or equity to terminate this Lease, on its own behalf and, to the extent permitted under all applicable laws, on behalf of the proposed Transferee. Tenant shall indemnify, defend and
hold harmless Landlord from any and all liability, losses, claims, damages, costs, expenses, causes of action and proceedings involving any third party or parties (including without limitation Tenant’s proposed subtenant or assignee) who claim
they were damaged by Landlord’s wrongful withholding or conditioning of Landlord’s consent. 
 14.3 Transfer
Premium. If Landlord consents to a Transfer, as a condition thereto which the parties hereby agree is reasonable, Tenant shall pay to Landlord fifty percent (50%) of any “Transfer Premium,” as that term is defined in this
Section 14.3, received by Tenant from such Transferee. “Transfer Premium” shall mean all rent, additional rent or other consideration payable by such Transferee in connection with the Transfer in excess of the Rent and
Additional Rent payable by Tenant under this Lease during the term of the Transfer on a per rentable square foot basis if less than all of the Premises is transferred, after deducting the reasonable expenses incurred by Tenant for (i) any free
base rent reasonably provided to the Transferee, (ii) any brokerage commissions in connection with the Transfer, (iii) reasonable attorneys’ fees incurred by Tenant in connection with the Transfer or paid to Landlord pursuant to
Section 14.1; (iv) any lease takeover costs incurred by Tenant in connection with the Transfer, (v) out-of-pocket costs of advertising the space subject to the Transfer; (vi) any free base rent reasonably provided to the
Transferee; and (vii) any changes, alterations and improvements to the Premises in connection with the Transfer “Transfer Premium” shall also include, but not be limited to, key money, bonus money or other cash consideration paid by
Transferee to Tenant in connection with such Transfer, and any payment in excess of fair market value for services rendered by Tenant to Transferee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to Transferee in
connection with such Transfer. In the calculations of the Rent (as it relates to the Transfer Premium calculated under this Section 14.3), and the Transferee’s Rent and Quoted Rent under Section 14.2 of this Lease, the Rent paid
during each annual period for the Subject Space, and the Transferee’s Rent and the Quoted Rent, shall be computed after adjusting such rent to the actual effective rent to be paid, taking into consideration any and all leasehold concessions
granted in connection therewith, including, but not limited to, any rent credit and tenant improvement allowance. For purposes of calculating any such effective rent all such concessions shall be amortized on a straight-line basis over the relevant
term. 
 14.4 Landlord’s Option as to Subject Space. Notwithstanding anything to the contrary contained in
this Article 14, in the event Tenant contemplates a Transfer of all or a portion of the Premises (or in the event of any other Transfer or Transfers entered into by Tenant as a subterfuge in order to avoid the terms of this
Section 14.4), Tenant shall give Landlord notice (the “Intention to Transfer Notice”) of such contemplated Transfer (whether or not the contemplated Transferee or the terms of such contemplated Transfer have been
determined). The Intention to Transfer Notice shall specify the portion of and amount of rentable square feet of the Premises which Tenant intends to Transfer (the “Contemplated Transfer Space”), the contemplated date of
commencement of the Contemplated Transfer (the “Contemplated Effective Date”), and the contemplated length of the term of such contemplated Transfer, and shall specify that such Intention to Transfer Notice is delivered to Landlord
pursuant to this

  

 43 

 
Section 14.4 in order to allow Landlord to elect to recapture the Contemplated Transfer Space for the term set forth in the Intention to Transfer Notice. Thereafter, Landlord shall
have the option, by giving written notice to Tenant within thirty (30) days after receipt of any Intention to Transfer Notice, to recapture the Contemplated Transfer Space. Landlord’s recapture notice shall cancel and terminate this Lease
with respect to such Contemplated Transfer Space as of the Contemplated Effective Date. In the event of a recapture by Landlord, if this Lease shall be canceled with respect to less than the entire Premises, the Rent reserved herein shall be
prorated on the basis of the number of rentable square feet retained by Tenant in proportion to the number of rentable square feet contained in the Premises, and this Lease as so amended shall continue thereafter in full force and effect, and upon
request of either party, the parties shall execute written confirmation of the same. If Landlord declines, or fails to elect in a timely manner, to recapture such Contemplated Transfer Space under this Section 14.4, then, subject to the
other terms of this Article 14, for a period of nine (9) months (the “Nine Month Period”) commencing on the last day of such thirty (30) day period, Landlord shall not have any right to recapture the Contemplated
Transfer Space with respect to any Transfer made during the Nine Month Period, provided that any such Transfer is substantially on the terms set forth in the Intention to Transfer Notice, and provided further that any such Transfer shall be subject
to the remaining terms of this Article 14. If such a Transfer is not so consummated within the Nine Month Period (or if a Transfer is so consummated, then upon the expiration of the term of any Transfer of such Contemplated Transfer Space
consummated within such Nine Month Period), Tenant shall again be required to submit a new Intention to Transfer Notice to Landlord with respect any contemplated Transfer, as provided above in this Section 14.4. 
 14.5 Effect of Transfer. If Landlord consents to a Transfer, (i) the terms and conditions of this Lease shall in no way
be deemed to have been waived or modified, (ii) such consent shall not be deemed consent to any further Transfer by either Tenant or a Transferee, (iii) Tenant shall deliver to Landlord; promptly after execution, an original executed copy
of all documentation pertaining to the Transfer in form reasonably acceptable to Landlord, (iv) Tenant shall furnish within ten (10) days of Landlord’s request a complete statement, certified by an independent certified public
accountant, or Tenant’s chief financial officer, setting forth in reasonable detail the computation of any Transfer Premium Tenant has derived and shall derive from such Transfer, and (v) no Transfer relating to this Lease or agreement
entered into with respect thereto, whether with or without Landlord’s consent, shall relieve Tenant or any guarantor of the Lease from any liability under this Lease, including, without limitation, in connection with the Subject Space. Landlord
or its authorized representatives shall have the right at all reasonable times during Business Hours following twenty-four (24) hours advance notice to audit the portion(s) of the books, records and papers of Tenant directly relating to a
Transfer to which Landlord is entitled to payment of a Transfer Premium, and shall have the right to make copies thereof. If the Transfer Premium respecting such Transfer shall be found understated or overstated, the appropriate party shall, within
thirty (30) days after demand, pay the deficiency or excess, and if understated by more than five percent (5%), Tenant shall pay Landlord’s costs of such audit. 
 14.6 Additional Transfers. For purposes of this Lease, and subject to the terms of Section 14.8, below, the term “Transfer” shall also include (i) if Tenant is a
partnership, the withdrawal or change, voluntary, involuntary or by operation of law, of fifty percent (50%) or more of the partners, or transfer of fifty percent (50%) or more of partnership interests, within a

  

 44 

 
twelve (12)-month period, or the dissolution of the partnership without immediate reconstitution thereof, and (ii) if Tenant is a closely held corporation (i.e., whose stock is not publicly
held and not traded through an exchange or over the counter), (A) the dissolution, merger, consolidation or other reorganization of Tenant or (B) the sale or other transfer of an aggregate of fifty percent (50%) or more of the voting
shares of Tenant (other than to immediate family members by reason of gift or death), within a twelve (12)-month period, or (C) the sale, mortgage, hypothecation or pledge of an aggregate of fifty percent (50%) or more of the value of the
unencumbered assets of Tenant within a twelve (12)-month period. This Section 14.6 is subject to Section 14.8 below. 
 14.7 Occurrence of Default. Any Transfer hereunder shall be subordinate and subject to the provisions of this Lease, and if this Lease shall be terminated during the term of any Transfer, Landlord shall have the right to:
(i) treat such Transfer as cancelled and repossess the Subject Space by any lawful means, or (ii) require that such Transferee attorn to and recognize Landlord as its landlord under any such Transfer. If Tenant shall be in default under
this Lease beyond any applicable notice and cure period, Landlord is hereby irrevocably authorized, as Tenant’s agent and attorney-in-fact, to direct any Transferee to make all payments under or in connection with the Transfer directly to
Landlord (which Landlord shall apply towards Tenant’s obligations under this Lease) until such default is cured. Such Transferee shall rely on any representation by Landlord that Tenant is in default hereunder, without any need for confirmation
thereof by Tenant. Upon any assignment, the assignee shall assume in writing all obligations and covenants of Tenant thereafter to be performed or observed under this Lease. No collection or acceptance of rent by Landlord from any Transferee shall
be deemed a waiver of any provision of this Article 14 or the approval of any Transferee or a release of Tenant from any obligation under this Lease, whether theretofore or thereafter accruing. In no event shall Landlord’s enforcement of any
provision of this Lease against any Transferee be deemed a waiver of Landlord’s right to enforce any term of this Lease against Tenant or any other person. If Tenant’s obligations hereunder have been guaranteed, Landlord’s consent to
any Transfer shall not be effective unless the guarantor also consents to such Transfer. 
 14.8 Non-Transfers.
Notwithstanding anything to the contrary contained in this Lease, neither (i) an assignment to a transferee of all or substantially all of the assets or ownership interests of Tenant, (ii) an assignment of the Premises to a transferee
which is the resulting entity of a merger, reorganization or consolidation of Tenant with another entity, nor (iii) an assignment or subletting of all or a portion of the Premises to an affiliate of Tenant (an entity which is controlled by,
controls, or is under common control with, Tenant (an “Affiliate”), shall be deemed a Transfer under Article 14 of this Lease, provided that (a) in the event of an assignment to an Affiliate, such Affiliate has a net
worth as calculated by generally accepted accounting principles, and as reasonably demonstrated to Landlord, which is equal to or in excess of the net worth of Tenant as of the date hereof, or as of the date of such transfer, whichever is greater,
(b) Tenant notifies Landlord of any such assignment or sublease and promptly supplies Landlord with any documents or information reasonably requested by Landlord regarding such transfer or Affiliate, and (c) such assignment or sublease is
not a subterfuge by Tenant to avoid its obligations under this Lease. “Control,” as used in this Section 14.8, shall mean the ownership, directly or indirectly, of at least fifty-one percent (51%) of the voting
securities of, or possession of the right to vote, in the ordinary direction of its affairs, of at least fifty-one percent (51%) of the voting interest in any person or entity. Any entity listed in item (i), (ii), or (iii), above, shall be
referred to herein as a “Permitted

  

 45 

 
Transferee.” Any transaction under (i), (ii) or (iii), above shall not require the payment of a Transfer Premium, shall not be subject to Section 14.4, and shall not require
the receipt of Landlord’s consent. 
 14.9 Occupancy by Others. Notwithstanding any contrary provision of
this Article 14, Tenant shall have the right (without the payment of a Transfer Premium, without being subject to Section 14.4, and without the receipt of Landlord’s consent, but only following prior written notice to Landlord), to
permit the occupancy of up to a cumulative total of 4,000 rentable square feet of the Premises, in the aggregate, to any individual(s) or entities engaged in an ongoing business relationship with Tenant (“Tenant’s Occupants”)
on and subject to the following conditions: (i) such individuals or entities shall not be permitted to occupy a separately demised portion of the Premises which contains an entrance to such portion of the Premises other than the primary
entrance to the Premises; (ii) all such individuals or entities shall be of a character and reputation consistent with the first-class quality of the Building and the Project; and (iii) such occupancy shall not be a subterfuge by Tenant to
avoid its obligations under this Lease or the restrictions on Transfers pursuant to this Article 14. Tenant shall promptly supply Landlord with any documents or information reasonably requested by Landlord regarding any such individuals or
entities. Any occupancy permitted under this Section 14.9 shall not be deemed a Transfer under this Article 14. Notwithstanding the foregoing, no such occupancy shall relieve Tenant from any liability under this Lease. 

ARTICLE 15 
 SURRENDER OF PREMISES’ OWNERSHIP AND REMOVAL OF TRADE FIXTURES 
 15.1 Surrender of
Premises. No act or thing done by Landlord or any agent or employee of Landlord during the Lease Term shall be deemed to constitute an acceptance by Landlord of a surrender of the Premises unless such intent is specifically acknowledged in
writing by Landlord. The delivery of keys to the Premises to Landlord or any agent or employee of Landlord shall not constitute a surrender of the Premises or effect a termination of this Lease, whether or not the keys are thereafter retained by
Landlord, and notwithstanding such delivery Tenant shall be entitled to the return of such keys at any reasonable time upon request until this Lease shall have been properly terminated. The voluntary or other surrender of this Lease by Tenant,
whether accepted by Landlord or not, or a mutual termination hereof, shall not work a merger, and at the option of Landlord shall operate as an assignment to Landlord of all subleases or subtenancies affecting the Premises or terminate any or all
such sublessees or subtenancies. 
 15.2 Removal of Tenant Property by Tenant. Upon the expiration of the Lease
Term, or upon any earlier termination of this Lease, Tenant shall, subject to the provisions of this Lease, quit and surrender possession of the Premises to Landlord in as good order and condition as existing on the date of this Lease, except for
and subject to (i) improvements thereto and/or Alterations thereof made by Landlord and/or Tenant pursuant to this Lease which are not required to be removed by Tenant pursuant to Article 8 of this Lease, (ii) reasonable wear and tear,
(iii) casualty damage or changes required as a result of condemnation, (iv) repairs which are specifically made the responsibility of Landlord hereunder, and (v) damage resulting from the acts or omissions of Landlord. Upon the date
of such expiration or termination, Tenant shall, at its expense, remove or cause to be removed from the Premises all debris and rubbish, (not

  

 46 

 
ordinarily removed by the normal janitorial service), and all items of furniture, equipment, business and trade fixtures, free-standing cabinet work, movable partitions and other articles of
personal property owned by Tenant or installed or placed by Tenant at its expense in the Premises, and such similar articles of any other persons claiming under Tenant, as Landlord may, in its sole discretion, require to be removed (the notification
of which may be provided to Tenant either prior to or following the expiration or earlier termination of this Lease); and Tenant shall repair at its own expense all damage to the Premises and Building resulting from such removal. 
 ARTICLE 16 
 HOLDING OVER 
 If Tenant holds over after the expiration of the Lease Term or earlier termination
thereof, with or without the express or implied consent of Landlord, such tenancy shall be from month-to-month only, and shall not constitute a renewal hereof or an extension for any further term, and in such case Base Rent shall be payable at a
monthly rate equal to of the Applicable Multiplier multiplied by the greater of (i) the Base Rent applicable during the last rental period of the Lease Term under this Lease, and (ii) the then-current market rent for the Premises (as
reasonably determined by Landlord). The “Applicable Multiplier” shall be (a) one hundred twenty-five percent (125%) for the first one month of any period of holding over, (b) one hundred fifty percent (150%) for the
following one month of any period of holding over, (c) one hundred seventy-five percent (175%) for the following one month of any period of holding over, and (d) two hundred percent (200%) for each subsequent month of any period of
holding over. Such month-to-month tenancy shall be subject to every other applicable term, covenant and agreement contained herein (including all obligations with respect to Additional Rent). For purposes of this Article 16, a holding over shall
include Tenant’s remaining in the Premises after the expiration or earlier termination of the Lease Term, as required pursuant to the terms of Section 8,5, above, to remove any Alterations or Above Building Standard Tenant Improvements
located within the Premises and replace the same with Building Standard Tenant Improvements. Nothing contained in this Article 16 shall be construed as consent by Landlord to any holding over by Tenant, and Landlord expressly reserves the right to
require Tenant to surrender possession of the Premises to Landlord as provided in this Lease upon the expiration or other termination of this Lease. The provisions of this Article 16 shall not be deemed to limit or constitute a waiver of any other
rights or remedies of Landlord provided herein or at law. If Tenant fails to surrender the Premises within thirty (30) days after the termination or expiration of this Lease, then in addition to any other liabilities to Landlord accruing
therefrom, Tenant shall protect, defend, indemnify and hold Landlord harmless from all loss, costs (including reasonable attorneys’ fees) and liability resulting from such failure, including, without limiting the generality of the foregoing,
any claims made by any succeeding tenant of which Tenant has notice founded upon such failure to surrender and any lost profits to Landlord resulting therefrom. 
  

 47 

 ARTICLE 17 
 ESTOPPEL CERTIFICATES 
 Within ten
(10) days following a request in writing by Landlord or Tenant, Tenant or Landlord, as appropriate, shall execute, acknowledge and deliver to the other an estoppel certificate, which, as submitted by Landlord or Tenant, shall be substantially
in the form of Exhibit E, attached hereto (or such other commercially reasonable form as may be required by any prospective mortgagee or purchaser of the Project, or any portion thereof, or assignee of Tenant), indicating therein any
exceptions thereto that may exist at that time, and shall also contain any other information reasonably requested by Landlord or Landlord’s mortgagee or prospective mortgagee, or by Tenant’s assignee. Any such certificate may be relied
upon by any prospective mortgagee or purchaser of all or any portion of the Project, or by an assignee of Tenant’s interest in this Lease. Tenant shall execute and deliver whatever other instruments may be reasonably required for such purposes.
At any time during the Lease Term, but no more than once per year, and only in connection with a bona fide sale or financing of the Building or Project, Landlord may require Tenant to provide Landlord with a current financial statement and financial
statements of the two (2) years prior to the current financial statement year. Such statements shall be in a form as normally prepared by Tenant in the ordinary course of its business (provided that if Tenant normally prepares audited financial
statements, Tenant shall deliver copies of such audited statements to Landlord). Failure of Tenant to timely execute, acknowledge and deliver such estoppel certificate or other instruments shall constitute an acknowledgment by Tenant that statements
included in the estoppel certificate are true and correct, without exception. 
 ARTICLE 18 
 SUBORDINATION 
 Landlord hereby represents and warrants to Tenant that, as of the date hereof, the Building is not encumbered by any deed of trust, mortgage, or ground lease. This Lease shall be subject and subordinate to all future ground or underlying
leases of the Building or Project and to the lien of any mortgage, trust deed or other encumbrances which are hereafter in force against the Building or Project or any part thereof, if any, and to all renewals, extensions, modifications,
consolidations and replacements thereof, and to all advances made or hereafter to be made upon the security of such mortgages or trust deeds, unless the holders of such mortgages, trust deeds or other encumbrances, or the lessors under such ground
lease or underlying leases, require in writing that this Lease be superior thereto, Landlord shall use commercially reasonable efforts to deliver to Tenant a commercially reasonable non-disturbance agreement(s) (“NDA”) in favor of
Tenant from any ground lessors, mortgage holders or lien holders of Landlord who come into existence following the date hereof, and Tenant’s agreement to cause this Lease to be subordinate to any such future encumbrance shall be subject to and
conditioned upon Tenant’s receipt of such NDA. Tenant covenants and agrees in the event any proceedings are brought for the foreclosure of any such mortgage or deed in lieu thereof (or if any ground lease is terminated), to attorn, without any
deductions or set-offs whatsoever, to the lienholder or purchaser or any successors thereto upon any such foreclosure sale or deed in lieu thereof (or to the ground lessor), if so requested to do so by such purchaser or lienholder or ground lessor,
and

  

 48 

 
to recognize such purchaser or lienholder or ground lessor as the lessor under this Lease, provided such lienholder or purchaser or ground lessor shall agree to accept this Lease and not disturb
Tenant’s occupancy, so long as Tenant timely pays the rent and observes and performs the terms, covenants and conditions of this Lease to be observed and performed by Tenant. Landlord’s interest herein may be assigned as security at any
time to any lienholder. Tenant shall, within ten (10) days of request by Landlord, execute such further instruments or assurances as Landlord may reasonably deem necessary to evidence or confirm the subordination or superiority of this Lease to
any such mortgages, trust deeds, ground leases or underlying leases. Tenant waives the provisions of any current or future statute, rule or law which may give or purport to give Tenant any right or election to terminate or otherwise adversely affect
this Lease and the obligations of the Tenant hereunder in the event of any foreclosure proceeding or sale. 
 ARTICLE 19 

 DEFAULTS; REMEDIES 
 19.1 Events of Default. The occurrence of any of the following shall constitute an “Event of Default” of this Lease by Tenant: 
 19.1.1. Any failure by Tenant to pay any Rent, or any part thereof, when due unless such failure is cured within three (3) business
days after notice; or 
 19.1.2. Any failure by Tenant to observe or perform any other provision, covenant or condition of this
Lease to be observed or performed by Tenant where such failure continues for twenty (20) days after written notice thereof from Landlord to Tenant; provided that if the nature of such default is such that the same cannot reasonably be cured
within a twenty (20) day period, Tenant shall not be deemed to be in default if it diligently commences such cure within such period and thereafter diligently proceeds to rectify and cure such default, but in no event exceeding a period of time
in excess of sixty (60) days after written notice thereof from Landlord to Tenant; or 
 19.1.3. To the extent permitted by
law, a general assignment by Tenant or any guarantor of this Lease for the benefit of creditors, or the taking of any corporate action in furtherance of bankruptcy or dissolution whether or not there exists any proceeding under an insolvency or
bankruptcy law, or the filing by or against Tenant or any guarantor of any proceeding under an insolvency or bankruptcy law, unless in the case of a proceeding filed against Tenant or any guarantor the same is dismissed within ninety (90) days,
or the appointment of a trustee or receiver to take possession of all or substantially all of the assets of Tenant or any guarantor, unless possession is restored to Tenant or such guarantor within ninety (90) days, or any execution or other
judicially authorized seizure of all or substantially all of Tenant’s assets located upon the Premises or of Tenant’s interest in this Lease, unless such seizure is discharged within ninety (90) days; or 
 19.1.4. The failure by Tenant to observe or perform according to the provisions of Articles 5, 14, 17 or 18 of this Lease where such failure
continues for more than five (5) business days after notice from Landlord. 
  

 49 

 The notice periods provided herein are in lieu of, and not in addition to, any notice
periods provided by law. 
 19.2 Remedies Upon Default. Upon the occurrence of any Event Of Default by Tenant,
Landlord shall have, in addition to any other remedies available to Landlord at law or in equity (all of which remedies shall be distinct, separate and cumulative), the option to pursue any one or more of the following remedies, each and all of
which shall be cumulative and nonexclusive, without any notice or demand whatsoever: 
 19.2.1. Terminate this Lease, in which
event Tenant shall immediately surrender the Premises to Landlord, and if Tenant fails to do so, Landlord may without prejudice to any other remedy which it may have for possession or arrearages in rent, enter upon and take possession of the
Premises and expel or remove Tenant and any other person who may be occupying the Premises or any part thereof, without being liable for prosecution or any claim or damages therefor; and Landlord may recover from Tenant the following: 
 (i) The worth at the time of award of unpaid rent which has been earned at the time of such termination; plus 
 (ii) The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of
award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 
 (iii) The worth at
the time of award of the amount by which the unpaid rent for the balance of the Lease Term after the time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 
 (iv) Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its
obligations under this Lease or which in the ordinary course of things would be likely to result therefrom, specifically including but not limited to, brokerage commissions and advertising expenses incurred, expenses of remodeling the Premises or
any portion thereof for a new tenant, whether for the same or a different use, and any special concessions made to obtain a new tenant; and 
 (v) At Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable law. 
 The term “rent” as used in this Section 19.2 shall be deemed to be and to mean all sums of every nature required to be paid
by Tenant to Landlord pursuant to the terms of this Lease. As used in Paragraphs 19.2.1(i) and (ii), above, the “worth at the time of award” shall be computed by allowing interest at the rate set forth in Article 25 of this Lease, but in
no case greater than the maximum amount of such interest permitted by law. As used in Paragraph 19.2.1(iii) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve
Bank of San Francisco at the time of award plus one percent (1%). 
 19.2.2. Landlord shall have the remedy described in
California Civil Code Section 1951.4 (lessor may continue lease in effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable

  

 50 

 
limitations). Accordingly, if Landlord does not elect to terminate this Lease on account of any default by Tenant, Landlord may, from time to time, without terminating this Lease, enforce all of
its rights and remedies under this Lease, including the right to recover all rent as it becomes due. 
 19.2.3. Subject to the
provisions of this Lease and applicable law, Landlord shall at all times have the rights and remedies (which shall be cumulative with each other and cumulative and in addition to those rights and remedies available under Sections 19.2.1 and 19.2.2,
above, or any law or other provision of this Lease), without prior demand or notice except as required by applicable law, to seek any declaratory, injunctive or other equitable relief, and specifically enforce this Lease, or restrain or enjoin a
violation or breach of any provision hereof. 
 19.3 Subleases of Tenant. Whether or not Landlord elects to
terminate this Lease on account of any default by Tenant, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant
and affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’s interest in any
such subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder. 
 19.4 Landlord Default. Notwithstanding anything to the contrary set forth in this Lease, Landlord shall be in default in the
performance of any obligation required to be performed by Landlord pursuant to this Lease if Landlord fails to perform such obligation within thirty (30) days after the receipt of Notice from Tenant specifying in detail Landlord’s failure
to perform; provided, however, if the nature of Landlord’s obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be in default under this Lease if Landlord commences such performance
within such thirty (30) day period and thereafter diligently pursue the same to completion. Upon any such default by Landlord under this Lease, Tenant may, except as otherwise specifically provided in this Lease to the contrary, exercise any of
its rights provided in this Lease, at law or in equity. 
 19.5 Efforts to Relet. No re-entry or repossession,
repairs, maintenance, changes, alterations and additions, reletting, appointment of a receiver to protect Landlord’s interests hereunder, or any other action or omission by Landlord shall be construed as an election by Landlord to terminate
this Lease or Tenant’s right to possession, or to accept a surrender of the Premises, nor shall same operate to release Tenant in whole or in part from any of Tenant’s obligations hereunder, unless express written notice of such intention
is sent by Landlord to Tenant. Tenant hereby irrevocably waives any right otherwise available under any law to redeem or reinstate this Lease. 
  

 51 

 ARTICLE 20 
 COVENANT OF QUIET ENJOYMENT 
 Landlord
covenants that, so long as there is no event of default on the part of Tenant, Tenant shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Premises subject to the terms, covenants, conditions, provisions and agreements hereof
without interference by any persons lawfully claiming by or through Landlord. The foregoing covenant is in lieu of any other covenant express or implied. 
 ARTICLE 21 
 LETTER OF CREDIT 
 21.1 L-C Amount. Tenant shall deliver to Landlord concurrently with Tenant’s execution of this Lease, an unconditional,
clean, irrevocable letter of credit (the “L-C”) in the initial amount of One Million Dollars ($1,000,000.00) (the “L-C Amount”), which L-C shall be issued by a money-center bank (a bank which accepts deposits,
maintains accounts, has a local Los Angeles, California, office which will negotiate a letter of credit, and whose deposits are insured by the FDIC) reasonably acceptable to Landlord, with a short term Fitch Rating currency rating which is not less
than “F2”, and a long term Fitch Rating currency rating which is not less than “BBB+” (an “Approved Bank”). In no event may an L-C be provided by JPMorgan Chase Bank, Bank One, or any affiliate of either. As of
the date of this Lease, Landlord hereby pre-approves City National Bank to issue the L-C. The L-C shall be in a form and content substantially as set forth in Exhibit G, attached hereto. Tenant shall pay all expenses, points and/or fees incurred by
Tenant in obtaining the L-C. Landlord and Tenant (a) acknowledge and agree that in no event or circumstance shall the L-C or any renewal thereof or substitute therefor or any proceeds thereof be deemed to be or treated as a “security
deposit” under any law applicable to security deposits in the commercial context, including, but not limited to, Section 1950.7 of the California Civil Code, as such Section now exists or as it may be hereafter amended or succeeded (the
“Security Deposit Laws”), and (b) acknowledge and agree that the L-C (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. 
 21.2 Application of the L-C. Landlord shall have the
immediate right to draw upon the L-C, in whole or in part and without prior notice to Tenant, other than that required under the Lease, at any time and from time to time if (i) a default occurs under this Lease (beyond any applicable notice and
cure period set forth in this Lease), (ii) Tenant files a voluntary petition, an involuntary petition is filed against Tenant by an entity other than Landlord, under any chapter of the Federal Bankruptcy Code (which involuntary petition is not
dismissed within 90 days), or Tenant executes an assignment for the benefit of creditors, or (iii) if Tenant fails to renew the L-C at least thirty (30) days before its expiration. No condition or term of this Lease shall be deemed to
render the L-C conditional, thereby justifying the issuer of the L-C in failing to honor a drawing upon such L-C in a timely manner. The L-C and its proceeds shall constitute Landlord’s sole and separate property (and not Tenant’s property
or, in the event of a bankruptcy filing by Tenant, property of Tenant’s bankruptcy estate) and subject to the foregoing terms of

  

 52 

 
this Article 21, Landlord may immediately upon any draw (and without notice to Tenant) apply or offset the proceeds of the L-C: (i) against any amounts payable by Tenant under this Lease
that are not paid when due, after the expiration of any applicable notice and cure period; (ii) against all losses and damages that Landlord has suffered as a result of any default by Tenant under this Lease, including any damages arising under
Section 1951.2 of the California Civil Code for rent due following termination of this Lease; and (iii) against any other amount that Landlord may spend by reason of Tenant’s default under this Lease but in no event in excess of
amounts to which the Landlord would be entitled under the law. The use, application or retention of the L-C, or any portion thereof, by Landlord shall not (a) prevent Landlord from exercising any other right or remedy provided by this Lease or
by law, it being intended that Landlord shall not first be required to proceed against the L-C, nor (b) operate as a limitation on any recovery to which Landlord may otherwise be entitled. If any portion of the L-C is drawn upon, Tenant shall,
within ten (10) days after written demand-therefor, reinstate the L-C to the amount then required under this Lease, or, in the alternative, Tenant may provide Landlord with cash, to be held by Landlord in accordance with this
Section 21.2 in an amount which, together with the amount of any remaining portion of the L-C, shall be sufficient to equal the L-C Amount, as the same may be reduced pursuant to the terms of Section 21.1.2, below, and
Tenant’s failure to do so shall be a default under this Lease. Tenant acknowledges that Landlord has the right to transfer or mortgage its interest in the Project and the Building and in this Lease and Tenant agrees that in the event of any
such transfer or mortgage, Landlord shall have the right to transfer or assign the L-C Security Deposit and/or the L-C to the transferee or mortgagee, and in the event of such transfer, Tenant shall look solely to such transferee or mortgagee for
the return of the L-C Security Deposit and/or the L-C. The L-C shall not be mortgaged, assigned or encumbered in any manner whatsoever by Tenant without the prior written consent of Landlord. 
 21.3 Reduction of L-C Amount; Return of the L-C. To the extent that (A) there is not then an Event of
Default under this Lease, (B) there has not previously been an Event of Default more than twice in the immediately preceding twelve (12) month period, and (C) Tenant can provide to Landlord reasonable evidence that, for each of the
two (2) prior years, Tenant has (1) maintained total assets (as determined pursuant to generally accepted accounting principles) of not less than $24,000,000, and (2) has maintained total members equity (as determined pursuant to
generally accepted accounting principles) of not less than $15,000,000, then, effective as of the first (1st) day of the third (3rd) Lease Year, the L-C Amount shall be reduced to $250,000.00. Within thirty (30) days after the expiration of
the Lease Term, Landlord agrees to pay to Tenant the amount of any proceeds of the L-C received by Landlord and not applied as allowed above, and return the L-C to Tenant; provided, however, that if prior to such date a voluntary petition is filed
by Tenant, or an involuntary petition is filed against Tenant by any of Tenant’s creditors other than Landlord, under the Federal Bankruptcy Code, or Tenant executes an assignment for the benefit of creditors, then Landlord shall not be
obligated to return the L-C or any proceeds of the L-C until all statutes of limitations for any preference avoidance statutes applicable to such bankruptcy or assignment for the benefit of creditors have elapsed or the bankruptcy court or assignee,
whichever is applicable, has executed a binding release releasing the Landlord of any and all liability for preferential transfers relating to payments made under this Lease, and Landlord may retain and offset against any remaining L-C proceeds the
full amount Landlord is required to pay to any third party on account of preferential transfers relating to this Lease. 
  

 53 

 ARTICLE 22 
 INTENTIONALLY OMITTED 
 ARTICLE 23

 SIGNS 
 23.1 Full Floors. Subject to Landlord’s prior written approval, in its reasonable discretion, and provided all signs are in keeping with the quality, design and style of the Building
and Project, Tenant, if the Premises comprise an entire floor of the Building, at its sole cost and expense, may install identification signage anywhere in the Premises including in the elevator lobby of the Premises, provided that such signs must
not be visible from the exterior of the Building. 
 23.2 Multi-Tenant Floors. If other tenants occupy space on
the floor on which the Premises is located, Tenant’s identifying signage shall be provided by Landlord, at Tenant’s cost, and such signage shall be comparable to that used by Landlord for other similar floors in the Building and shall
comply with Landlord’s Building standard signage program. 
 23.3 Prohibited Signage and Other Items. Any
signs, notices, logos, pictures, names or advertisements which are installed by Tenant, have not been separately approved by Landlord as required hereunder, may be removed without notice by Landlord at the sole expense of Tenant. Tenant may not
install any signs on the exterior or roof of the Project or the Common Areas. Any signs, window coverings, or blinds (even if the same are located behind the Landlord-approved window coverings for the Building), or other items visible from the
exterior of the Premises or Building, shall be subject to the prior approval of Landlord, in its sole discretion. 
 ARTICLE
24 
 COMPLIANCE WITH LAW 
 Tenant shall not do anything or suffer anything to be done in or about the Premises or the Project which will in any way conflict with any law, statute, ordinance or other governmental rule, regulation or
requirement now in force or which may hereafter be enacted or promulgated, including, without limitation, any such laws, ordinances, regulations or requirements relating to hazardous materials or substances, as those terms are defined by applicable
laws now or hereafter in effect. At its sole cost and expense, Tenant shall promptly comply with all such governmental measures which relate to (i) Tenant’s manner of use of the Premises, (ii) the Alterations or Tenant Improvements
(as to the Alterations and Tenant Improvements only but not as to any other part of the Building triggered thereby, except as set forth in item (iii), below), and (iii) the Base Building, Building Systems and Building Structure, but only to the
extent such obligations are triggered by Tenant’s Tenant Improvements (but only if such Tenant Improvements are not customary general office improvements) or Alterations (whether such Alterations are customary general office improvements or
not), or Tenant’s non-general office use. Should any standard or regulation now or hereafter be imposed with respect to the Premises

  

 54 

 
by a state, federal or local governmental body charged with the establishment regulation and enforcement of occupational, health or safety standards for employers, employees, landlords or
tenants, then Tenant agrees, at its sole cost and expense, to comply promptly with such standards or regulations. Tenant shall be responsible, at its sole cost and expense, to make all alterations to the Premises as are required to comply with the
governmental rules, regulations, requirements or standards described in this Article 24. The judgment of any court of competent jurisdiction or the admission of Tenant in any judicial action, regardless of whether Landlord is a party thereto, that
Tenant has violated any of said governmental measures, shall be conclusive of that fact as between Landlord and Tenant. 
 ARTICLE 25 
 LATE CHARGES; INTEREST 
 25.1 Late Charges. If any installment of Rent or any other sum due from Tenant shall not be received by Landlord or
Landlord’s designee within five (5) days after said amount is due, then Tenant shall pay to Landlord a late charge equal to three percent (3%) of the overdue amount plus any reasonable attorneys’ fees incurred by Landlord by
reason of Tenant’s failure to pay Rent and/or other charges when due hereunder. The late charge shall be deemed Additional Rent and the right to require it shall be in addition to all of Landlord’s other rights and remedies hereunder or at
law and shall not be construed as liquidated damages or as limiting Landlord’s remedies in any manner. 
 25.2
Interest. Any amounts owing hereunder to Landlord or Tenant which are not paid within ten (10) days after the date they are due shall bear interest from the date when due until paid at a rate per annum equal to the lesser of
(i) the annual “Bank Prime Loan” rate cited in the Federal Reserve Statistical Release Publication G.13(415), published on the first Tuesday of each calendar month (or such other comparable index as Landlord and Tenant shall
reasonably agree upon if such rate ceases to be published) plus two (2) percentage points, and (ii) the highest rate permitted by applicable law. 
 ARTICLE 26 
 LANDLORD’S RIGHT TO CURE DEFAULT; PAYMENTS BY TENANT

 26.1 Landlord’s Cure. All covenants and agreements to be kept or performed by Tenant under this
Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent, except to the extent, if any, otherwise expressly provided herein. If Tenant shall fail to perform any obligation under this Lease, and such
failure shall continue in excess of the time allowed under Section 19.1.2, above, Landlord may, but shall not be obligated to, make any such payment or perform any such act on Tenant’s part without waiving its rights based upon any default
of Tenant and without releasing Tenant from any obligations hereunder. 
 26.2 Tenant’s Reimbursement. Except
as may be specifically provided to the contrary in this Lease, Tenant shall pay to Landlord, within thirty (30) days of delivery by Landlord to Tenant of statements therefor: (i) sums equal-to expenditures reasonably made and obligations
incurred by Landlord in connection with the remedying by Landlord of Tenant’s

  

 55 

 
defaults pursuant to the provisions of Section 26.1; (ii) sums equal to all losses, costs, liabilities, damages and expenses referred to in Article 10 of this Lease; and (iii) sums
equal to all expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law, including, without limitation,
all legal fees and other amounts so expended (subject to the terms of Section 29.21, below). Tenant’s obligations under this Section 26.2 shall survive the expiration or sooner termination of the Lease Term. 
 ARTICLE 27 
 ENTRY BY LANDLORD 
 Landlord reserves the right at all reasonable times and upon reasonable notice to
Tenant (except in the case of an emergency) to enter the Premises to (i) inspect them; (ii) show the Premises to prospective purchasers, mortgagees or tenants (with respect to such tenants, only during the last 12 months of the Lease
Term), or to current or prospective mortgagees, ground or underlying lessors or insurers; (iii) post notices of nonresponsibility; or (iv) alter, improve or repair the Premises or the Building, or for structural alterations, repairs or
improvements to the Building or the Building’s systems and equipment. Notwithstanding anything to the contrary contained in this Article 27, Landlord may enter the Premises at any time to (A) perform services required of Landlord (other
than as noted in subparagraph (iv) in the preceding sentence), including janitorial service; (B) take possession due to any breach of this Lease in the manner provided herein, subject to and in accordance with the provisions of Article 19
hereof; and (C) perform any covenants of Tenant which Tenant fails to perform, subject to and in accordance with the provisions of Article 26.1 hereof. Landlord may make any such entries without the abatement of Rent (except as otherwise
expressly provided in Section 6.4, above) and may take such reasonable steps as required to accomplish the stated purposes. Tenant hereby waives any claims for damages or for any injuries or inconvenience to or interference with
Tenant’s business, lost profits, any loss of occupancy or quiet enjoyment of the Premises, and any other loss occasioned thereby, provided, however, that nothing contained herein shall waive any liability of Landlord for personal injury and/or
property damage resulting from Landlord’s negligence or willful misconduct. For each of the above purposes, Landlord shall at all times have a key with which to unlock all the doors in the Premises, excluding Tenant’s vaults, safes and
special security areas designated in advance by Tenant. In an emergency, Landlord shall have the right to use any means that Landlord may reasonably deem proper to open the doors in and to the Premises. Any entry into the Premises by Landlord in the
manner hereinbefore described shall not be deemed to be a forcible or unlawful entry into, or a detainer of the Premises, or an actual or constructive eviction of Tenant from any portion of the Premises. No provision of this Lease shall be construed
as obligating Landlord to perform any repairs, alterations or decorations except as otherwise expressly agreed to be performed by Landlord herein. 
  

 56 

 ARTICLE 28 
 TENANT PARKING 
 28.1 Tenant Parking
Passes. Tenant shall rent from Landlord, commencing on the Lease Commencement Date, the amount of parking passes set forth in Section 9 of the Summary, on a monthly basis throughout the Lease Term, which parking passes shall pertain to
the Project parking facility. Tenant shall pay to Landlord for automobile parking passes on a monthly basis the prevailing rate charged from time to time at the location of such parking passes. In addition, Tenant shall be responsible for the full
amount of any taxes imposed by any governmental authority in connection with the renting of such parking passes by Tenant or the use of the parking facility by Tenant. As of the date hereof, Landlord’s charge for parking passes is (i) $190
per pass per month for unreserved parking, (ii) $325 per pass per month for “Reserved” parking, and (iii) $300 per pass per month for “Executive Valet” parking. Tenant’s continued right to use the parking passes is
conditioned upon Tenant abiding in all material respects by all rules and regulations which are prescribed from time to time for the orderly operation and use of the parking facility where the parking passes are located; including any sticker or
other identification system established by Landlord, Tenant’s cooperation in seeing that Tenant’s employees and visitors also comply with such rules and regulations and Tenant not being in default under this Lease. As used in
Section 9 of the Summary, (i) the “Executive Valet” parking passes shall mean rights to utilize the Building’s valet parking service at the front entrance of the Building on Avenue of the Stars, and (ii) the
“Reserved” parking passes shall mean passes granting the right to park in designated, exclusive parking spaces on the designated “reserved parking areas” in the Project parking facility. The reserved parking areas will initially
be located on parking level “D”, which is located above the four (4) levels of unreserved parking in the Building parking facility, Landlord will not move Tenant’s Reserved parking spaces off of such level other than in
connection with a general relocation of all of the Project’s Reserved parking areas. Landlord will commence the Executive Valet service at any time of day requested by Tenant, provided that Tenant will have employees or visitors regularly using
the Executive Valet service at such time, and provided that Tenant gives Landlord not less than thirty (30) days prior written notice of such commencement time. The Executive Valet service will include the ability to “call down” to
the valet personnel in order to have a particular car brought to the pick-up area. Any parking passes rented other than Executive Valet or Reserved passes shall be for unreserved parking in the Project parking facility, which may include tandem or
valet assisted parking spaces (and any costs associated with any attendants in connection with any tandem or valet assisted parking shall be included in Operating Expenses). 
 28.2 Other Terms. Landlord specifically reserves the right to reasonably change the size, configuration, design, layout and
all other aspects of the Project parking facility at any time and Tenant acknowledges and agrees that Landlord may, in Landlord’s commercially reasonable discretion, without incurring any liability to Tenant and without any abatement of Rent
under this Lease, from time to time, close-off or restrict access to the Project parking facility for purposes of permitting or facilitating any such construction, alteration or improvements. Landlord may delegate its responsibilities hereunder to a
parking operator in which case such parking operator shall have all the rights of control attributed hereby to the Landlord. The parking passes rented by Tenant pursuant to this Article 28 are provided to Tenant solely for use by Tenant’s own
personnel and such passes may not be transferred, assigned, subleased or

  

 57 

 
otherwise alienated by Tenant without Landlord’s prior approval. Tenant may validate visitor parking by such method or methods as the Landlord may establish, at the validation rate from time
to time generally applicable to visitor parking. 
 28.3 Parking Procedures. The parking passes initially will not
be separately identified; however Landlord reserves the right in its sole and absolute discretion to separately identify by signs or other markings the area to which Tenant’s parking passes relate. Landlord shall have no obligation to monitor
the use of such parking facility, nor shall Landlord be responsible for any loss or damage to any vehicle or other property or, except if due to Landlord’s negligence or willful misconduct, for any injury to any person. Tenant’s parking
passes shall be used only for parking of automobiles no larger than full size passenger automobiles, sport utility vehicles or pick-up trucks. Tenant shall comply in all material respects with all reasonable and nondiscriminatory rules and
regulations which may be adopted by Landlord from time to time with respect to parking and/or the parking facilities servicing the Project. Tenant shall not at any time use more parking passes than the number so allocated to Tenant or park its
vehicles or the vehicles of others in any portion of the Project parking facility not designated by Landlord as a non-exclusive parking area. Except with respect to the Reserved parking spaces provided by Tenant, Tenant shall not have the exclusive
right to use any specific parking space. If Landlord grants to any other tenant the exclusive right to use any particular parking space(s), Tenant shall not use such spaces. All trucks (other than pick-up trucks) and delivery vehicles shall be
(i) parked at the loading dock of the Building, (ii) loaded and unloaded in a manner which does not interfere with the businesses of other occupants of the Project, and (iii) permitted to remain on the Project only so long as is
reasonably necessary to complete loading and unloading. In the event Landlord elects in its sole and absolute discretion or is required by any law to limit or control parking, whether by validation of parking tickets or any other method of
assessment, Tenant agrees to participate in such validation or assessment program under such reasonable and nondiscriminatory rules and regulations as are from time to time established by Landlord. 
 ARTICLE 29 
 MISCELLANEOUS PROVISIONS 
 29.1 Terms; Captions. The words “Landlord” and
“Tenant” as used herein shall include the plural as well as the singular. The necessary grammatical changes required to make the provisions hereof apply either to corporations or partnerships or individuals, men or women, as the case may
require, shall in all cases be assumed as though in each case fully expressed. The captions of Articles and Sections are for convenience only and shall not be deemed to limit, construe, affect or alter the meaning of such Articles and Sections.

 29.2 Binding Effect. Subject to all other provisions of this Lease, each of the covenants, conditions and
provisions of this Lease shall extend to and shall, as the case may require, bind or inure to the benefit not only of Landlord and of Tenant, but also of their respective heirs, personal representatives, successors or assigns, provided this clause
shall not permit any assignment by Tenant contrary to the provisions of Article 14 of this Lease. 
  

 58 

 29.3 No Air Rights. No rights to any view or to light or air over any
property, whether belonging to Landlord or any other person, are granted to Tenant by this Lease. If at any time any windows of the Premises are temporarily darkened or the light or view therefrom is obstructed by reason of any repairs,
improvements, maintenance or cleaning in or about the Project, the same shall be without liability to Landlord and without any reduction or diminution of Tenant’s obligations under this Lease. 
 29.4 Modification of Lease. Should any current or prospective mortgagee or ground lessor for the Building or Project require a
modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this
Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) days following a request therefor. At the request of Landlord or any mortgagee or ground
lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) days following the request therefor. 
 29.5 Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and
Tenant agrees that in the event of any such transfer to a bona fide transferee in good faith who agrees to assume the obligations of Landlord under this Lease; Landlord shall automatically be released from all liability under this Lease not accrued
as of the date of the transfer and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer and such transferee shall be deemed to have fully assumed and be liable for
all obligations of this Lease to be performed by Landlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender
as additional security and agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. 
 29.6 Prohibition Against Recording. Except as provided in Section 29.4 of this Lease, neither this Lease, nor any
memorandum, affidavit or other writing with respect thereto, shall be recorded by Tenant or by anyone acting through, under or on behalf of Tenant. 
 29.7 Landlord’s Title. Landlord’s title is and always shall be paramount to the title of Tenant. Nothing herein contained shall empower Tenant to do any act which can, shall or may
encumber the title of Landlord. 
 29.8 Relationship of Parties. Nothing contained in this Lease shall be deemed
or construed by the parties hereto or by any third party to create the relationship of principal and agent, partnership, joint venturer or any association between Landlord and Tenant. 
 29.9 Application of Payments. Landlord shall have the right to apply payments received from Tenant pursuant to this Lease,
regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect. 
  

 59 

 29.10 Time of Essence. Time is of the essence with respect to the performance
of every provision of this Lease in which time of performance is a factor. 
 29.11 Partial Invalidity. If any
term, provision or condition contained in this Lease shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term, provision or condition to persons or circumstances other than those with respect to
which it is invalid or unenforceable, shall not be affected thereby, and each and every other term, provision and condition of this Lease shall be valid and enforceable to the fullest extent possible permitted by law. 
 29.12 No Warranty. In executing and delivering this Lease, Tenant has not relied on any representations, including, but not
limited to, any representation as to the amount of any item comprising Additional Rent or the amount of the Additional Rent in the aggregate or that Landlord is furnishing the same services to other tenants, at all, on the same level or on the same
basis, or any warranty or any statement of Landlord which is not set forth herein or in one or more of the exhibits attached hereto. 
 29.13 Landlord-Exculpation. The liability of Landlord or the Landlord Parties to Tenant for any default by Landlord under this Lease or arising in connection herewith or with Landlord’s operation, management, leasing,
repair, renovation, alteration or any other matter relating to the Project or the Premises shall be limited solely and exclusively to an amount (the “Liability Threshold”) which is equal to the interest of Landlord in the Building
and all casualty, condemnation; insurance, financing and sale claims and proceeds (provided that in the ease of sale proceeds, the liability of the holder of sale proceeds shall also be limited solely to claims relating to periods prior to the sale
in question) with respect thereto (“Proceeds”). Neither Landlord, nor any of the Landlord Parties shall have any personal liability therefor in excess of the Liability Threshold, and Tenant hereby expressly waives and releases such
personal liability on behalf of itself and all persons claiming by, through or under Tenant. The limitations of liability contained in this Section 29.13 shall inure to the benefit of Landlord’s and the Landlord Parties’ present and
future partners, beneficiaries, officers, directors, trustees, shareholders, agents and employees, and their respective partners, heirs, successors and assigns. Under no circumstances shall any present or future partner of Landlord (if Landlord is a
partnership), or trustee or beneficiary (if Landlord or any partner of Landlord is a trust), have any liability for the performance of Landlord’s obligations under this Lease. Notwithstanding any contrary provision herein, neither Landlord nor
the Landlord Parties, nor Tenant nor the Tenant Parties, shall be liable under any circumstances for injury or damage to, or interference with, Landlord’s or Tenant’s business, including but not limited to, loss of profits, loss of rents
or other revenues, loss of business opportunity, loss of goodwill or loss of use, in each case, however occurring (other than resulting from a hold over by Tenant as set forth in Article 16, above). 
 29.14 Entire Agreement. It is understood and acknowledged that there are no oral agreements between the parties hereto
affecting this Lease and this Lease constitutes the parties’ entire agreement with respect to the leasing of the Premises and supersedes and cancels any and all previous negotiations, arrangements, brochures, agreements and understandings, if
any, between the parties hereto or displayed by Landlord to Tenant with respect to the subject matter thereof, and none thereof shall be used to interpret or construe this Lease. None of the terms,

  

 60 

 
covenants, conditions or provisions of this Lease can be modified, deleted or added to except in writing signed by the parties hereto. 
 29.15 Right to Lease. Landlord reserves the absolute right to effect such other tenancies in the Project as Landlord in the
exercise of its sole business judgment shall determine to best promote the interests of the Building or Project. Tenant does not rely on the fact, nor does Landlord represent, that any specific tenant or type or number of tenants shall, during the
Lease Term, occupy any space in the Building or Project. 
 29.16 Force Majeure. Any prevention, delay or stoppage
due to strikes, lockouts, labor disputes, acts of God, inability to obtain services, labor, or materials or reasonable substitutes therefor, governmental actions, civil commotions, fire or other casualty, and other causes beyond the reasonable
control of the party obligated to perform, except with respect to the obligations imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease and except as to Tenant’s obligations under Articles of this Lease
(collectively, a “Force Majeure”), notwithstanding anything to the contrary contained in this Lease, shall excuse the performance of such party for a period equal to any such prevention, delay or stoppage and, therefore, if this
Lease specifies a time period for performance of an obligation of either party, that time period shall be extended by the period of any delay in such party’s performance caused by a Force Majeure. 
 29.17 Waiver of Redemption by Tenant. Tenant hereby waives, for Tenant and for all those claiming under Tenant, any and all
rights now or hereafter existing to redeem by order or judgment of any court or by any legal process or writ, Tenant’s right of occupancy of the Premises after any termination of this Lease. 
 29.18 Notices. All notices, demands, statements, designations, approvals or other communications (collectively,
“Notices”) given or required to be given by either party to the other hereunder or by law shall be in writing, shall be (A) sent by United States certified or registered mail, postage prepaid, return receipt requested
(“Mail”), (B) transmitted by telecopy, if such telecopy is promptly followed by a Notice sent by Mail, (C) delivered by a nationally recognized overnight courier, or (D) delivered personally. Any Notice shall be sent,
transmitted, or delivered, as the case may be, to Tenant at the appropriate address set forth in Section 10 of the Summary, or to such other place as Tenant may from time to time designate in a Notice to Landlord, or to Landlord at the
addresses set forth below, or to such other places as Landlord may from time to time designate in a Notice to Tenant. Any Notice will be deemed given (i) three (3) days after the date it is posted if sent by Mail, (ii) the date the
telecopy is transmitted, (iii) the date the overnight courier delivery is made, or (iv) the date personal delivery is made or attempted to be made. If Tenant is notified of the identity and address of Landlord’s mortgagee or ground or
underlying lessor, Tenant shall give to such mortgagee or ground or underlying lessor written notice of any default by Landlord under the terms of this Lease by registered or certified mail, and such mortgagee or ground or underlying lessor shall be
given a reasonable opportunity to cure such default prior to Tenant’s exercising any remedy available to Tenant. As of the date of this Lease, any Notices to Landlord must be sent, transmitted, or delivered, as the case may be, to the following
addresses: 
  

 61 

 Entertainment Center L.L.C. 
 c/o J.P. Morgan Flemming Asset Management 
 522 Fifth Avenue, 9th Floor 
 New York, New York 10036 
 Attn: Ms. Ann E. Cole 
 With a copy to: 
 Trammell Crow Services, Inc. 
 2049 Century Park East, Suite 2600 
 Los Angeles, CA 90067 
 Attention: Vice President, Property Management 

Allen Matkins Leek Gamble Mallory & Natsis LLP 
 1901 Avenue of the Stars, Suite 1800 
 Los Angeles, California 90067 
 Attention: Anton N. Natsis, Esq. 
 29.19 Joint and Several. If there is more than one Tenant, the obligations imposed upon Tenant under this Lease shall be joint and several. 
 29.20 Authority. Each of Landlord and Tenant hereby represents and warrants to the other that it is duly formed and an
existing entity qualified to do business in California and that it has full right and authority to execute and deliver this Lease and that each person signing on behalf of it is authorized to do so. 
 29.21 Attorneys’ Fees. In the event that either Landlord or Tenant should bring suit for the possession of the Premises,
for the recovery of any sum due under this Lease, or because of the breach of any provision of this Lease or for any other relief against the other, then all costs and expenses, including reasonable attorneys’ fees, incurred by the prevailing
party therein shall be paid by the other party, which obligation on the part of the other party shall be deemed to have accrued on the date of the commencement of such action and shall be enforceable whether or not the action is prosecuted to
judgment. 
 29.22 Governing Law; WAIVER OF TRIAL BY JURY. This Lease shall be construed and enforced in
accordance with the laws of the State of California. IN ANY ACTION OR PROCEEDING ARISING HEREFROM, LANDLORD AND TENANT HEREBY CONSENT TO (I) THE JURISDICTION OF ANY COMPETENT COURT WITHIN THE STATE OF CALIFORNIA, (II) SERVICE OF PROCESS BY ANY
MEANS AUTHORIZED BY CALIFORNIA LAW, AND (III) IN THE INTEREST OF SAVING TIME AND EXPENSE, TRIAL WITHOUT A JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER OR THEIR SUCCESSORS IN RESPECT OF ANY
MATTER ARISING OUT OF OR IN CONNECTION WITH THIS LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY OF THE PREMISES, AND/OR ANY CLAIM FOR INJURY OR DAMAGE, OR ANY EMERGENCY OR STATUTORY REMEDY. IN THE EVENT LANDLORD
COMMENCES ANY SUMMARY PROCEEDINGS OR ACTION FOR NONPAYMENT OF BASE RENT OR ADDITIONAL RENT, TENANT SHALL NOT

  

 62 

 
INTERPOSE ANY COUNTERCLAIM OF ANY NATURE OR DESCRIPTION (UNLESS SUCH COUNTERCLAIM SHALL BE MANDATORY) IN ANY SUCH PROCEEDING OR ACTION, BUT SHALL BE RELEGATED TO AN INDEPENDENT ACTION AT LAW.

 29.23 Submission of Lease. Submission of this instrument for examination or signature by Tenant does not
constitute a reservation of, option for or option to lease, and it is not effective as a lease or otherwise until execution and delivery by both Landlord and Tenant. 
 29.24 Brokers. Landlord and Tenant hereby warrant to each other that they have had no dealings with any real estate broker or agent in connection with the negotiation of this Lease,
excepting only the real estate brokers or agents specified in Section 12 of the Summary (the “Brokers”), and that they know of no other real estate broker or agent who is entitled to a commission in connection with this Lease.
Landlord shall pay the Brokers any commission or fee due to them in connection with this Lease pursuant to a separate written agreement. Each party agrees to indemnify and defend the other party against and hold the other party harmless from any and
all claims, demands, losses, liabilities, lawsuits, judgments, costs and expenses (including without limitation reasonable attorneys’ fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of any
dealings with any real estate broker or agent, other than the Brokers, occurring by, through, or under the indemnifying party. 
 29.25 Independent Covenants. This Lease shall be construed as though the covenants herein between Landlord and Tenant are independent and not dependent and Tenant hereby expressly waives the benefit of any statute to the
contrary and agrees that if Landlord fails to perform its obligations set forth herein, Tenant shall not be entitled to make any repairs or perform any acts hereunder at Landlord’s expense or to any setoff of the Rent or other amounts owing
hereunder against Landlord. 
 29.26 Project or Building Name and Signage. Landlord shall have the right at any
time to change the name of the Project or Building and to install, affix and maintain any and all signs on the exterior and on the interior of the Project or Building as Landlord may, in Landlord’s sole discretion, desire. Tenant shall not use
the name of the Project or Building or use pictures or illustrations of the Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be conducted by Tenant in the Premises, without the
prior written consent of Landlord. 
 29.27 Counterparts. This Lease may be executed in counterparts with the same
effect as if both parties hereto had executed the same document. Both counterparts shall be construed together and shall constitute a single lease. 
 29.28 Confidentiality. Each of Tenant and Landlord acknowledge that the content of this Lease and any related documents are confidential information. Each of Landlord and Tenant shall keep
such confidential information strictly confidential and shall not disclose such confidential information to any person or entity other than such party’s financial, legal, and space planning consultants, or to the extent required by law or
judicial order. 
 29.29 Transportation Management. Tenant shall fully comply with all present or future
governmentally mandated programs intended to manage parking, transportation or traffic

  

 63 

 
in and around the Building, and in connection therewith, Tenant shall take responsible action for the transportation planning and management of all employees located at the Premises by working
directly with Landlord, any governmental transportation management organization or any other transportation-related committees or entities. 
 29.30 Building Renovations. It is specifically understood and agreed that Landlord has made no representation or warranty to Tenant and has no obligation and has made no promises to alter,
remodel, improve, renovate, repair or decorate the Premises, Building, or any part thereof and that no representations respecting the condition of the Premises or the Building have been made by Landlord to Tenant except as specifically set forth
herein or in the Tenant Work Letter. However, Tenant hereby acknowledges that Landlord is currently renovating or may during the Lease Term renovate, improve, alter, or modify (collectively, the “Renovations”) the Project and/or the
Building including without limitation the parking structure, common areas, systems and equipment, roof, and structural portions of the same, which Renovations may include, without limitation, (i) installing sprinklers in the Building common
areas and tenant spaces (not including the Premises), (ii) modifying the common areas and tenant spaces to comply with applicable laws and regulations, including regulations relating to the physically disabled, seismic conditions, and building
safety and security; and (iii) installing new floor covering, lighting, and wall coverings in the Building common areas, and in connection with any Renovations, Landlord may, among other things, erect scaffolding or other necessary structures
in the Building, limit or eliminate access to portions of the Project, including portions of the common areas, or perform work in the Building, which work may create noise, dust or leave debris in the Building. Subject to the provisions of this
Lease, Tenant hereby agrees that such Renovations and Landlord’s actions in connection with such Renovations shall in no way constitute a constructive eviction of Tenant nor, except as otherwise expressly set forth in Section 6.4, above,
above, entitle Tenant to any abatement of Rent. Notwithstanding any provision of this Lease to the contrary, Landlord shall use commercially reasonable efforts, consistent with the standards of Comparable Buildings applied to comparably sized
tenants, to minimize any adverse impact on Tenant’s use of the Premises in connection with any actions taken by Landlord under this Section 29.30. 
 29.31 No Violation. Each of Landlord and Tenant hereby warrant and represent to the other that neither its execution of nor performance under this Lease shall cause it to be in violation of
any agreement, instrument, contract, law, rule or regulation by which it is bound. 
 29.32 Communications and Computer
Lines. Tenant may install, maintain, replace, remove or use any communications or computer wires and cables (collectively, the “Lines”) at the Project in or serving the Premises, provided that (i) Tenant shall obtain
Landlord’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), use an experienced and qualified union contractor reasonably approved in writing by Landlord, and comply with all of the other
provisions of Articles 7 and 8 of this Lease, (ii) an acceptable number of spare Lines and space for additional Lines shall be maintained for existing and future occupants of the Project, as determined in Landlord’s reasonable opinion,
(iii) the Lines therefor (including riser cables) shall be appropriately insulated to prevent excessive electromagnetic fields or radiation, and shall be surrounded by a protective conduit reasonably acceptable to Landlord, and shall be
identified in accordance with the “Identification Requirements,” as that term is set forth hereinbelow, (iv) any new or existing Lines servicing the Premises shall comply with all applicable governmental laws and regulations,
(v) as a condition to permitting the

  

 64 

 
installation of new Lines, Landlord may require that Tenant remove existing Lines located in or serving the Premises and repair any damage in connection with such removal, and (vi) Tenant
shall pay all costs in connection therewith. All Lines shall be clearly marked with adhesive plastic labels (or plastic tags attached to such Lines with wire) to show Tenant’s name, suite number, telephone number and the name of the person to
contact in the case of an emergency (A) every four feet (4’) outside the Premises (specifically including, but not limited to, the electrical room risers and other Common Areas), and (B) at the Lines’ termination point(s)
(collectively, the “Identification Requirements”). Upon the expiration of the Lease Term, or immediately following any earlier termination of this Lease, Tenant shall, at Tenant’s sole cost and expense, remove all Lines
installed by Tenant, and repair any damage caused by such removal. In the event that Tenant fails to complete such removal and/or fails to repair any damage caused by the removal of any Lines, Landlord may do so and may charge the cost thereof to
Tenant. In addition, Landlord reserves the right at any time to require that Tenant remove any Lines located in or serving the Premises which are installed in violation of these provisions, or which are at any time in violation of any laws or
represent a dangerous or potentially dangerous condition. 
 29.33 Development of the Project. 
 29.33.1. Subdivision. Landlord reserves the right to further subdivide all or a portion of the Project. Tenant agrees to execute and
deliver, within fifteen (15) business days of demand by Landlord and in the form reasonably requested by Landlord, any additional documents reasonably needed to conform this Lease to the circumstances resulting from such subdivision, provided
such subdivision or the documents requested of Tenant will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder. 
 29.33.2. The Other Improvements. If portions of the Project or property adjacent to the Project (collectively, the
“Other Improvements”) are owned by an entity other than Landlord, Landlord, at its option, may enter into an agreement with the owner or owners of any or all of the Other Improvements to provide (i) for reciprocal rights of
access and/or use of the Project and the Other Improvements, (ii) for the common management, operation, maintenance, improvement and/or repair of all or any portion of the Project and the Other Improvements, (iii) for the allocation of a
portion of the Direct Expenses to the Other Improvements and the operating expenses and taxes for the Other Improvements to the Project, and (iv) for the use or improvement of the Other Improvements and/or the Project in connection with the
improvement, construction, and/or excavation of the Other Improvements and/or the Project. Nothing contained herein shall be deemed or construed to limit or otherwise affect Landlord’s right to convey all or any portion of the Project or any
other of Landlord’s rights described in this Lease. 
 29.34 Construction of Project and Other Improvements.
Tenant acknowledges that portions of the Project and/or the Other Improvements may be under construction following Tenant’s occupancy of the Premises, and that such construction may result in levels of noise, dust, obstruction of access, etc.
which are in excess of that present in a fully constructed project. Except as expressly set forth in Section 6.4, above, Tenant hereby waives any and all rent offsets or claims of constructive eviction which may arise in connection with such
construction. 
  

 65 

 29.35 Office and Communications Services. 
 29.35.1. The Provider. Landlord has advised Tenant that certain office and communications services may be offered to tenants of the Building
by a concessionaire under contract to Landlord (“Provider”). Tenant shall be permitted to contract with Provider for the provision of any or all of such services on such terms and conditions as Tenant and Provider may agree, Tenant
shall not be required to use the services of any particular Provider. 
 29.35.2. Other Terms. Tenant acknowledges
and agrees that: (i) Landlord has made no warranty or representation to Tenant with respect to the availability of any such services, or the quality, reliability or suitability thereof; (ii) the Provider is not acting as the agent or
representative of Landlord in the provision of such services, and Landlord shall have no liability or responsibility for any failure or inadequacy of such services, or any equipment or facilities used in the furnishing thereof, or any act or
omission of Provider, or its agents, employees, representatives, officers or contractors; (iii) Landlord shall have no responsibility or liability for the installation, alteration, repair, maintenance, furnishing, operation, adjustment or
removal of any such services, equipment Or facilities; and (iv) any contract or other agreement between Tenant and Provider shall be independent of this Lease, the obligations of Tenant hereunder, and the rights of Landlord hereunder, and,
without limiting the foregoing, no default or failure of Provider with respect to any such services, equipment or facilities, or under any contract or agreement relating thereto, shall have any effect on this Lease or give to Tenant any offset or
defense to the full and timely performance of its obligations hereunder, or entitle Tenant to any abatement of rent or additional rent or any other payment required to be made by Tenant hereunder, or constitute any accrual or constructive eviction
of Tenant, or otherwise give rise to any other claim of any nature against Landlord. 
 29.36 No Discrimination.
There shall be no discrimination against, or segregation of, any person or persons on account of sex, marital status, race, color, religion, creed, national origin or ancestry in the Transfer of the Premises, or any portion thereof, nor shall the
Tenant itself, or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants,
sublessees, or vendees of the Premises, or any portion thereof. 
 29.37 Access Control Cards. Landlord shall have
the right to institute reasonable access control systems and/or procedures at the Building and/or Project that may include the provision of personal access control cards to individual employees of Tenant. In such event, any such cards shall be
personal to each particular employee, and Tenant shall cooperate with Landlord in order to ensure that such cards are used by employees of Tenant only, and are not transferred to any other persons. Tenant shall additionally comply with any other
reasonable requirements instituted by Landlord in connection with such systems or procedures. 
 29.38 Wireless
Communications. 
 29.38.1. Landlord’s Wireless Communication Equipment. Tenant acknowledges that
Landlord may elect, in its sole and absolute discretion, to install and maintain (either itself or through a third party service provider) certain office and communications

  

 66 

 
services (specifically including, without limitation, wireless communication equipment) in the Building or Project; or any portion thereof (“Landlord’s Communication
Equipment”). Landlord’s Communication Equipment shall, in all instances, comply with applicable governmental laws, codes, rules and regulations. 
 29.38.2. Tenant’s Wireless Communication Equipment. Subject to Landlord’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed, and
subject to, in accordance with, and the terms and conditions set forth in Article 8, above, and this Section 29.38, Landlord acknowledges that Tenant may elect in its sole and absolute discretion, to install and maintain, at Tenant’s sole
cost and expense, (either itself or through a third party service provider) certain wireless communication equipment within the Premises (the “Wireless Communication Equipment”). Such Wireless Communication Equipment shall be used
for wireless communications within the Premises only, and shall be for the servicing of the operations conducted by Tenant from within the Premises. Tenant shall not be entitled to license its Wireless Communication Equipment to any third party, nor
shall Tenant be permitted to receive any revenues, fees or any other consideration for the use of such Communication Equipment by any third party. Such Wireless Communication Equipment shall, in all instances, comply with applicable governmental
laws, codes, rules and regulations. 
 29.38.3. Use of Wireless Equipment. Tenant hereby acknowledges and agrees
that its use of the Wireless Communication Equipment (i) shall not be permitted to interfere with any wireless communication equipment or other equipment of any other tenant or occupant of the Building or Project which was in existence in the
Building or Project as of the date Tenant installs the Wireless Communications Equipment, (ii) shall not be permitted to interfere with any wireless communication equipment or other equipment of any other third-party with whom Landlord has any
third party agreement which was in existence in the Building or Project as of the date Tenant installs the Wireless Communications Equipment, and (iii) shall not be permitted to interfere with Landlord’s Communication Equipment which was
in existence in the Building or Project as of the date Tenant installs the Wireless Communications Equipment. In addition, Tenant shall use commercially reasonable efforts to ensure that the Wireless Communications Equipment does not interfere with
any of the types of equipment set forth in items (i), (ii), or (iii) which are installed at the Building or Project after the date Tenant commences operation of the Wireless Communications Equipment. None of the Landlord’s Communication
Equipment which is installed after the date Tenant commences operation of the Wireless Communications Equipment shall interfere with Tenant’s use of the Wireless Communications Equipment. In addition, Landlord shall use commercially reasonable
efforts to ensure that Landlord’s Communication Equipment does not interfere with Tenant’s Wireless Communication Equipment which is installed after the date of the installation of the Landlord’s Communications Equipment. Tenant
hereby acknowledges and agrees that Landlord has made no warranty or representation to Tenant with respect to the suitability of the Premises for any wireless communications, specifically including, without limitation, with respect to the quality
and clarity of any receptions and transmissions to or from the Wireless Communication Equipment and the presence of any interference with such signals whether emanating from Landlord’s Communication Equipment, the Building, the Project or
otherwise. In no event shall any such interference with Tenant’s Wireless Communication Equipment have any effect on this Lease or give to Tenant any offset or defense to the full and timely performance of its obligations hereunder, or entitle
Tenant to any abatement of rent or additional rent or any other payment

  

 67 

 
required to be made by Tenant hereunder, or constitute any accrual or constructive eviction of Tenant, or otherwise give rise to any other claim of any nature against Landlord. 
  

 68 

 IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be executed the day and
date first above written. 
 “LANDLORD” 
 ENTERTAINMENT CENTER L.L,C., 
 a Delaware limited liability company 
 By:    /s/ Jeff
Lasky                             
           Its: Vice
President                     
 Agreed to and Accepted 
 as of July 20, 2006 
 “TENANT” 
 IMPERIAL CAPITAL, LLC, 
 a Delaware limited liability company

 By:    /s/ Mark
Martis                         
           Its: Chief Operating
Officer     
  

 69Form of Warrant to Purchase Common Stock of Arena

 Exhibit 10.4 
 ***Text Omitted and Filed Separately 
 with the
Securities and Exchange Commission. 
 Confidential Treatment Requested 
 Under 17 C.F.R. Sections 200.80(b)(4) 
 and 240.24b-2. 
 [FINAL FORM OF WARRANT] 
 THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF OR OTHERWISE ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF OR EXERCISED UNLESS (I) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND
APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (II) AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS IS AVAILABLE IN CONNECTION WITH SUCH OFFER, SALE OR TRANSFER.

 AN INVESTMENT IN THESE SECURITIES INVOLVES A HIGH DEGREE OF RISK. HOLDERS MUST RELY ON THEIR OWN ANALYSIS OF THE INVESTMENT AND ASSESSMENT OF
THE RISKS INVOLVED. 
  

			
	Warrant to Purchase	  	
	                    shares	  	Warrant Number

 Warrant to Purchase Common Stock 
 of 
 ARENA
PHARMACEUTICALS, INC. 
 THIS CERTIFIES that              (including any
permitted transferee or assignee of this Warrant under the terms hereof, “Holder”) has the right to purchase from ARENA PHARMACEUTICALS, INC., a Delaware corporation, (the “Company”),
            (            ) fully paid and nonassessable shares of the Company’s common stock, $0.0001 par value per share
(“Common Stock”), subject to adjustment as provided herein (such shares of Common Stock, together with the stock and other securities and property at the time receivable upon the exercise of this Warrant, the “Warrant
Shares”), at a price equal to the Exercise Price as defined in Section 3 below, at any time during the Term (as defined below). 
 Holder agrees with the Company that this Warrant to Purchase Common Stock of the Company (this “Warrant” or this “Agreement”) is issued, and all rights hereunder shall be held, subject to all of the conditions,
limitations and provisions set forth herein. 
 1. Date of Issuance and Term. 
 This Warrant shall be deemed to be issued on             , 20    (“Date
of Issuance”). The term of this Warrant begins on the Date of Issuance and ends at 5:00 p.m., New York City time, on June 17, 2013 (the “Term”). This Warrant was issued in conjunction with that certain Facility Agreement (the
“Facility Agreement”) and Registration Rights Agreement (the “Registration Rights Agreement”) by and between the Company and Deerfield Private Design Fund, L.P., Deerfield Private Design International, L.P., Deerfield Partners,
L.P., Deerfield International Limited, Deerfield Special Situations Fund, L.P. and Deerfield Special Situations Fund International Limited (collectively, the Initial Investors”), each dated June 17, 2009, entered into in conjunction
herewith. 
 Notwithstanding anything herein to the contrary, the Company shall not issue to the Holder, and the Holder shall not acquire,
shares of Common Stock upon exercise of this Warrant, or otherwise pursuant to the terms of this Warrant, to the extent that, upon such issuance or acquisition, the number of shares of Common Stock then beneficially owned by the Holder and its
Affiliates and any other persons or entities whose beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and the applicable regulations of the Securities and Exchange Commission (the “SEC”) (including shares held by any “group” of which the Holder is a member, but excluding shares beneficially owned by virtue of the ownership of
convertible securities or rights to acquire securities that have limitations on the

  

 1 

 
right to convert, exercise or purchase similar to the limitation set forth herein) would exceed 9.98% of the total number of shares of Common Stock then issued and outstanding (the “9.98%
Cap”), provided, however, that the 9.98% Cap shall not apply with respect to the issuance of shares of Common Stock pursuant to a Cashless Major Exercise (as defined below) in connection with a Major Transaction (as defined below) covered by
the provisions of Section 5(c)(i)(A) below in which the Company is not the surviving entity (a “Qualified Change of Control Transaction”) to the extent that the number of shares beneficially owned by the Holder and its Affiliates in
the Successor Entity immediately following consummation of such Qualified Change of Control Transaction does not exceed 9.98% of any class of equity securities of the Successor Entity. For purposes hereof, “group” has the meaning set forth
in Section 13(d) of the Exchange Act and the applicable regulations of the SEC, and the percentage held by the Holder shall be determined in a manner consistent with the provisions of Section 13(d) of the Exchange Act and the applicable
regulations of the SEC. Upon the written request of the Holder, the Company shall, within three (3) Trading Days, confirm in writing to the Holder (which writing may be via email) the number of shares of Common Stock then outstanding. For
purposes of this paragraph, it is understood that the number of shares of Common Stock beneficially owned by each Initial Investor shall be aggregated with each other Initial Investor for purposes of Section 13(d) of the Exchange Act.

 “Affiliate” means any person or entity that, directly or indirectly through one or more intermediaries, controls or is controlled
by or is under common control with a person or entity, as such terms are used in and construed under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”). Without limiting the generality of the foregoing, with
respect to a Holder of Warrants, any investment fund or managed account that is managed on a discretionary basis by the same investment manager as such Holder will be deemed to be an Affiliate of such Holder. 
 2. Exercise. 
 (a) Manner
of Exercise. During the Term, this Warrant may be Exercised as to all or any lesser number of whole Warrant Shares upon surrender of this Warrant, with the Exercise Form attached hereto as Exhibit A (the “Exercise Form”)
duly completed and executed, together with the full Exercise Price (as defined below) for each Warrant Share as to which this Warrant is Exercised, at the office of the Company, Arena Pharmaceuticals, Inc., 6166 Nancy Ridge Drive, San Diego,
California 92121; Phone: (858) 453-7200, Fax: (858) 677-0065, or at such other office or agency as the Company may designate in writing, by overnight mail, with an advance copy of the Exercise Form sent to the Company and its transfer
agent (“Transfer Agent”) by facsimile (such surrender and payment of the Exercise Price hereinafter called the “Exercise” of this Warrant). 
 (b) Date of Exercise. The “Date of Exercise” of the Warrant shall be defined as the Trading Day that the Exercise Form attached hereto as Exhibit A, completed and executed, is
sent by facsimile to, and received during regular business hours by, the Company, provided that (i) the original Warrant and Exercise Form are received by the Company within two (2) Trading Days and (ii) in the event of a Cash
Exercise, the Exercise Price is satisfied on the next Trading Day. In all other cases, the Date of Exercise shall be defined as the Trading Day on which the original Warrant and Exercise Form are received by the Company and, in the event of a Cash
Exercise, the Exercise Price is satisfied. Upon the Date of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been Exercised, irrespective
of the date such Warrant Shares are credited to the Holder’s Depository Trust Company (“DTC”) account or the date of delivery of the certificates evidencing such Warrant Shares, as the case may be; provided, however, that in the event
of a Cashless Major Exercise in respect of a Qualified Change of Control Transaction, the Holder shall be deemed to have become the holder of record of the shares issuable upon such exercise immediately prior to the consummation of such Qualified
Change of Control Transaction. 
 (c) Delivery of Common Stock Upon Exercise. Within three (3) Trading Days after any Date of
Exercise (or if the Holder requests the issuance of physical certificate(s) rather than through DTC credit, within two (2) Trading Days after receipt by the Company of the original Warrant), or in the case of a Cashless Major Exercise (as
defined in Section 5(c) below), within the period provided in Section 5(c)(iv), as applicable (the “Delivery Period”), the Company shall issue and deliver (or cause its Transfer Agent to issue and deliver) in accordance with the
terms hereof to or upon the order of the Holder that number of Exercise Shares or Cashless Major Shares (as defined below), as applicable, for the portion of this Warrant Exercised, as shall be determined in accordance herewith. Upon the Exercise of
this Warrant or any part hereof, the Company shall, at its own cost and expense, take all commercially

  

 2 

 
reasonable actions, including obtaining and delivering an opinion of counsel, to assure that the Transfer Agent shall issue stock certificates in the name of Holder (or its nominee) or such other
persons as designated by Holder and in such denominations, each as specified in the Exercise Form, representing the number of Warrant Shares issuable upon such Exercise (“Exercise Shares”). Notwithstanding the foregoing, the Company shall
not be required to pay any tax or other charge imposed in connection with any transfer involved in the issuance of any certificate for Exercise Shares in any name other than that of the original registered holder of this Warrant, and in such case
the Company shall not be required to issue or deliver any stock certificate until such tax or other charge has been paid or it has been established to the Company’s satisfaction that no tax or other charge is due. 
 (d) Delivery Failure. In addition to any other remedies which may be available to the Holder, in the event that the Company fails for any reason to
effect delivery of the Exercise Shares by the end of the Delivery Period (a “Delivery Failure”), the Holder will be entitled to revoke all or part of the relevant Exercise Form by delivery of a notice to such effect to the Company not
later than three (3) Trading Days after the end of the Delivery Period, whereupon the Company and the Holder shall each be restored to their respective positions immediately prior to the delivery of such notice, including without limitation the
return of the Warrant to the Holder and the return of certificates representing Exercise Shares to the Company. 
 (e) Legends.

 (i) Restrictive Legend. The Holder understands that this Warrant shall bear a restrictive legend in substantially the form set
forth on the first page of this Warrant (and a stop-transfer order may be placed against transfer of such securities). The Holder further understands that until such time as the Exercise Shares have been registered under the Securities Act as
contemplated by the Registration Rights Agreement, or otherwise may be sold pursuant to Rule 144 under the Securities Act or an exemption from registration under the Securities Act without any restriction as to the number of securities as of a
particular date that can then be immediately sold, the Exercise Shares shall bear a restrictive legend in substantially the following form (and a stop-transfer order may be placed against transfer of the certificates for such securities):

 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT, OR PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER SAID ACT INCLUDING, WITHOUT LIMITATION, PURSUANT TO RULES 144 OR 144A UNDER SAID ACT OR PURSUANT TO A PRIVATE SALE EFFECTED UNDER APPLICABLE FORMAL OR INFORMAL SEC INTERPRETATION OR GUIDANCE, SUCH AS A SO-CALLED
“4(1) AND A HALF” SALE”, SUBJECT TO DELIVERY OF AN OPINION, AS PROVIDED IN THE WARRANT, DATED AS OF             , 20    , ISSUED BY THE COMPANY.

 “THE SALE, TRANSFER OR ASSIGNMENT OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND
CONDITIONS OF A CERTAIN REGISTRATION RIGHTS AGREEMENT DATED AS OF JUNE 17, 2009, AS AMENDED FROM TIME TO TIME, AMONG THE COMPANY AND CERTAIN HOLDERS OF ITS OUTSTANDING SECURITIES. COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO COST BY WRITTEN
REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE COMPANY.” 
 (ii) Removal of Restrictive Legends.
The certificates evidencing the Exercise Shares shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement,
as defined in the Registration Rights Agreement) covering the resale of such security is effective under the Securities Act, or (B) following any sale of such Exercise Shares pursuant to Rule 144, or (C) if such Exercise Shares are
eligible for sale under Rule 144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) (collectively, the
“Unrestricted Conditions”). If the Unrestricted Conditions are satisfied, the Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the

  

 3 

 
Unrestricted Conditions are satisfied, if required and to the extent permitted by the Transfer Agent, to effect the issuance of the Exercise Shares without a restrictive legend or removal of the
legend hereunder. The Company agrees that, following the Effective Date, at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than five (5) Trading
Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company of a certificate representing Exercise Shares containing a restrictive legend (such fifth Trading Day, the “Legend Removal
Date”), deliver or cause to be delivered to such Holder a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date
that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement has been declared effective by the SEC. 
 (iii) Sale of Unlegended Shares. Holder agrees that the removal of the restrictive legend from any certificates representing securities as set forth in Section 2(e) above is predicated upon
the Company’s reliance that the Holder will sell, transfer, assign, pledge, hypothecate or otherwise dispose of this Warrant or any Exercise Shares pursuant to either the registration requirements of the Securities Act, including any applicable
prospectus delivery requirements, or an exemption therefrom, and that if such securities are sold pursuant to a Registration Statement, they will be sold in compliance with the plan of distribution set forth therein. 
 (f) Cancellation of Warrant. This Warrant shall be canceled upon (i) expiration at the end of the Term, (ii) the full Exercise of this
Warrant (including any Cashless Major Exercise) or (iii) full redemption of this Warrant (including any Early Termination Upon Major Transaction). If this Warrant is not Exercised in full, Holder shall be entitled to receive a new Warrant
(containing terms identical to this Warrant) representing any unexercised portion of this Warrant. In the event of a Major Transaction (as defined below) in which all shares of Common Stock are cancelled and/or converted or exchanged into the right
to receive cash and/or securities of Another Entity (as defined below), then, any portion of this Warrant that is neither (a) redeemed pursuant to an Early Termination Upon Major Transaction, (b) assumed pursuant to Section 5(c)(ii)
below or (c) Exercised (including any Cashless Major Exercise) pursuant to the terms of this Warrant prior to the closing of such Major Transaction, shall (A) automatically and immediately be deemed to have been exercised pursuant to a
Cashless Exercise, immediately prior to the consummation of such Major Transaction if the aggregate consideration to be received with respect to the Warrant Shares in such Major Transaction is greater than the aggregate Exercise Price for such
shares, or (B) be cancelled and terminated without further action by the Holder or the Company upon consummation of such Major Transaction if the aggregate consideration to be received with respect to the Warrant Shares in the Major Transaction
is less than the aggregate Exercise Price for such shares. 
 (g) Delivery of Electronic Shares. In lieu of delivering physical
certificates representing the Exercise Shares or shares of Common Stock submitted for legend removal, provided the Transfer Agent is participating in the DTC Fast Automated Securities Transfer (“FAST”) program, upon written request of the
Holder, the Company shall use commercially reasonable efforts to cause its Transfer Agent to electronically transmit such securities by crediting the account of the Holder’s prime broker with DTC through its Deposit Withdrawal Agent Commission
(DWAC) system. The time periods for delivery and penalties described herein shall apply to the electronic transmittals described herein. Any delivery not effected by electronic transmission shall be effected by delivery of physical certificates.

 (h) Buy-In. In addition to any other rights available to the Holder, if the Company fails to cause its Transfer Agent to transmit to
the Holder a certificate or certificates, or electronic shares through DWAC, representing Exercise Shares on or before the end of the applicable Delivery Period (other than a failure caused by incorrect or incomplete information provided by Holder
to the Company hereunder), and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise), or the Holder’s brokerage firm otherwise purchases shares of Common Stock to deliver in
satisfaction of a sale by the Holder of the Exercise Shares that the Company was required to deliver to the Holder in connection with such Exercise (a “Buy-In”), then the Company shall (1) pay in cash to the Holder the amount by which
(x) the Holder’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount (the “Sales Price”) obtained by multiplying (A) the number of Exercise
Shares that the Company was required to deliver to the Holder in connection with the Exercise at issue times (B) the price at which the sell order giving rise to such purchase obligation was executed, and (2) at the option of the Holder,
either reinstate the portion of the Warrant and equivalent number of Exercise Shares for which such Exercise was not timely honored or deliver to the Holder the Exercise Shares that would have been issued had the Company timely complied with its

  

 4 

 
Exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted Exercise to
cover the sale of Common Stock with an aggregate Sales Price of $10,000, under clause (1) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice, within
three (3) Trading Days after the occurrence of a Buy-In, indicating the amounts payable to the Holder in respect of such Buy-In, together with applicable confirmations and other evidence reasonably requested by the Company. Nothing herein shall
limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely
deliver certificates representing Exercise Shares upon Exercise of the Warrant as required pursuant to the terms hereof; provided, however, that the Holder shall not be entitled to both (i) reinstate the portion of the Warrant and equivalent
number of Exercise Shares for which such Exercise was not timely honored and (ii) receive such Exercise Shares. 
 3. Payment
of Warrant Exercise Price for Cash Exercise or Cashless Exercise; Cashless Major Exercise. 
 (a) Exercise Price. The Exercise
Price (“Exercise Price”) shall initially equal $5.42 per share, as adjusted pursuant to the terms hereof, including but not limited to Section 5(a) and Section 5(b) below. 
 Payment of the Exercise Price shall be made as follows: 
 (i) Cash Exercise: The Holder may exercise this Warrant in cash, cashier’s check, wire transfer, or through a reduction of an amount of principal outstanding under any Notes (as defined in the Facility Agreement) in accordance
with Section 2.11 of the Facility Agreement, then held by the Holder, equal to the applicable Exercise Price (a “Cash Exercise”). 
 (ii) Cashless Exercise: The Holder, at its option, may exercise this Warrant in a cashless exercise transaction pursuant to this subsection (ii) (a “Cashless Exercise”). In order to effect a Cashless Exercise, the
Holder shall surrender this Warrant at the principal office of the Company together with an Exercise Form, completed and executed, indicating Holders election to effect a Cashless Exercise, in which event the Company shall issue Holder a number of
shares of Common Stock computed using the following formula: 
 X = Y (A-B)/A 
  

			
	where:	 	X = the number of shares of Common Stock to be issued to Holder.
		
		 	Y = the number of shares of Common Stock for which this Warrant is being Exercised.
		
		 	A = the Market Price of one (1) share of Common Stock (for purposes of this Section 3(a)(ii), where “Market Price,” means the Volume Weighted Average Price (as
defined herein) of one (1) share of the Company’s Common Stock during the ten (10) consecutive Trading Day period immediately preceding the Date of Exercise.
		
		 	B = the Exercise Price.

 As used herein, the “Volume Weighted Average Price” for any security as of
any date means the volume weighted average sale price on The NASDAQ Global Market (“NASDAQ”) as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service mutually acceptable to
and hereafter designated by holders of a majority in interest of the Warrants and the Company (“Bloomberg”) or, if NASDAQ is not the principal trading market for such security, the volume weighted average sale price of such security on the
principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or, if no volume weighted average sale price is reported for such security, then the last closing trade price of such security as
reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security that are listed in the over the counter market by the Financial Industry
Regulatory Authority, Inc. or in the “pink sheets” by the Pink OTC Market, Inc. If the Volume Weighted Average Price cannot be calculated for such security on such date in

  

 5 

 
the manner provided above, the volume weighted average price shall be the fair market value as determined in good faith by the Company’s Board of Directors. “Trading Day” shall
mean any day on which the Common Sock is traded for any period on NASDAQ, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. 
 For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood and acknowledged that the Common Stock issued upon Exercise of this
Warrant in a Cashless Exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period for the Common Stock issued upon Exercise of this
Warrant in a Cashless Exercise transaction shall be deemed to have commenced on the date this Warrant was issued. 
 (b) Cashless Major
Exercise: To the extent the Holder shall exercise this Warrant or any portion thereof as a Cashless Major Exercise pursuant to Section 5(c)(i) below, the Holder shall surrender this Warrant, prior to the end of the Early Termination Period,
at the principal office of the Company together with the Exercise Form, completed and executed, indicating that the Holder is exercising this Warrant (or such portion thereof) pursuant to a Cashless Major Exercise, in which event the Company shall
issue, when and as required pursuant to Section 5(c)(iv) below, a number of shares of Common Stock (the “Cashless Major Shares”) equal to (i) the Black-Scholes Value (as defined in Section 5(c)(iii) below) of the remaining
unexercised portion of this Warrant (or such applicable portion being exercised) divided by (ii) the greater of (A) 95% of the closing price of the Common Stock on the principal securities exchange or other securities market on which the Common
Stock is then traded determined as of the Trading Day immediately preceding the date on which the applicable Major Transaction is consummated or (B) $5.16. 
 (c) [...***...] 
 (d) Dispute Resolution. In the
case of a dispute as to the determination of the closing price or the Volume Weighted Average Price of the Company’s Common Stock or the arithmetic calculation of the Exercise Price, Market Price or any Major Transaction Warrant Early
Termination Price, the Company shall submit the disputed determinations or arithmetic calculations via facsimile within four (4) business days of receipt, or deemed receipt, of the Exercise Notice or Major Transaction Early Termination Notice,
or other event giving rise to such dispute, as the case may be, to the Holder. If the Holder and the Company are unable to agree upon such determination or calculation within two (2) business days of such disputed determination or arithmetic
calculation being submitted to the Holder, then the Company shall, within two (2) business days submit via facsimile (i) the disputed determination of the closing price or the Volume Weighted Average Price of the Company’s Common
Stock to an independent, reputable investment bank selected by the Company and approved by the Holder, which approval shall not be unreasonably withheld or delayed or (ii) the disputed arithmetic calculation of the Exercise Price, Market Price
or any Major Transaction Warrant Early Termination Price to the Company’s independent, outside accountant, or another accounting firm of national standing selected by the Company. The Company shall cause the investment bank or the accountant,
as the case may be, to perform the determinations or calculations and notify the Company and the Holder of the results no later than the later of (i) five (5) business days from the time it receives the disputed determinations or
calculations or (ii) five (5) business days from the selection of the investment bank and accounting firm, as applicable. Such investment bank’s or accountant’s determination or calculation, as the case may be, shall be binding
upon all parties absent demonstrable error. 
 4. Transfer and Registration. 
 (a) Transfer Rights. Subject to the provisions of Section 8 of this Warrant, this Warrant may be transferred on the books of the Company, in
whole or in part, in person or by attorney, upon surrender of this Warrant properly completed and endorsed. This Warrant shall be canceled upon such surrender and, as soon as practicable thereafter, the person to whom such transfer is made shall be
entitled to receive a new Warrant or Warrants as to the portion of this Warrant transferred, and Holder shall be entitled to receive a new Warrant as to any portion hereof retained. 
 (b) Registrable Securities. The Common Stock issuable upon the Exercise of this Warrant are expected to be registered under the Securities Act as contemplated by the Registration Rights Agreement.

  
  

	***Confidential 	Treatment Requested 

  

 6 

 5. Adjustments Upon Certain Events. 
 (a) Participation. The Holder, as the holder of this Warrant, shall be entitled to receive such dividends paid and distributions of any kind made to
the holders of Common Stock of the Company to the same extent as if the Holder had Exercised this Warrant (without regard to any limitations on exercise herein or elsewhere and without regard to whether or not a sufficient number of shares are
authorized and reserved to effect any such exercise and issuance) and had held such shares of Common Stock on the record date for such dividends and distributions. Payments under the preceding sentence shall be made concurrently with the dividend or
distribution to the holders of Common Stock. 
 (b) Recapitalization or Reclassification; Consolidation, Merger or Sale. If the Company
shall at any time effect a stock split, payment of stock dividend, recapitalization, reclassification or other similar transaction of such character that the shares of Common Stock shall be changed into or become exchangeable for a larger or smaller
number of shares, then upon the effective date thereof, the number of shares of Common Stock which Holder shall be entitled to purchase upon Exercise of this Warrant shall be increased or decreased, as the case may be, in direct proportion to the
increase or decrease in the number of shares of Common Stock by reason of such stock split, payment of stock dividend, recapitalization, reclassification or similar transaction, and the Exercise Price shall be, in the case of an increase in the
number of shares, proportionally decreased and, in the case of decrease in the number of shares, proportionally increased. In addition, if any recapitalization, reclassification or reorganization of the share capital of the Company, or any
consolidation or merger of the Company with another corporation, or the sale of all or substantially all of its shares and/or assets or other transaction (including, without limitation, a sale of substantially all of its assets followed by a
liquidation) shall be effected in such a way that holders of shares of Common Stock shall be entitled to receive shares, securities or other assets or property (a “Change”), then, lawful and adequate provisions shall be made by the Company
whereby the Holder shall thereafter have the right to purchase and receive (in lieu of the shares of Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby) such shares, securities or other
assets or property as may be issued or payable with respect to or in exchange for the number of outstanding shares of Common Stock which such Holder would have been entitled to receive had such Holder exercised this Warrant immediately prior to the
consummation of such Change. The provisions of this Section 5(b) shall similarly apply to successive Changes. The Company shall give Holder the same notice it provides to holders of Common Stock of any transaction or Change described in this
Section 5(b). 
 (c) Rights Upon Major Transaction. 
 (i) Major Transaction. In the event that a Major Transaction (as defined below) is consummated, then (1) in the case of a Cash-Out Major Transaction, and in the case of a Mixed Major Transaction to
the extent of the percentage of the cash consideration in the Mixed Major Transaction (determined in accordance with the definition of a Mixed Major Transaction below), the Holder, at its option, may require the Company to redeem, effective
immediately prior to the consummation of such Major Transaction, the Holder’s outstanding Warrants in accordance with Section 5(c)(iii) below and (2) in the case of all other Major Transactions, and in the case of a Mixed Major
Transaction to the extent of the percentage of the consideration represented by securities of a Successor Entity in the Mixed Major Transaction, the Holder shall have the right to exercise this Warrant, effective immediately prior to the
consummation of such Major Transaction, as a Cashless Major Exercise. Notwithstanding anything herein to the contrary, the Holder may elect to waive its rights under this Section 5(c) with respect to any Major Transaction in which event none of
the provisions contained in this Section 5(c) shall apply. 
 Consummation of each of the following events shall constitute a “Major
Transaction”: 
 (A) a consolidation, merger, exchange of shares, recapitalization, reorganization, business combination or other similar
event, following which the holders of Common Stock immediately preceding such consolidation, merger, exchange, recapitalization, reorganization, combination or event either (a) no longer hold a majority of the shares of Common Stock or a
majority of the voting power of the Successor Entity or (b) no longer have the ability to elect a majority of the board of directors of the Company or the Successor Entity (collectively, a “Change of Control Transaction”); or

  

 7 

 (B) a purchase, tender or exchange offer (other than any purchase, tender or exchange offer made by the
Holder or its Affiliates) made to the holders of outstanding shares of Common Stock, such that following the consummation of such purchase, tender or exchange offer a Change of Control Transaction shall have occurred. 
 (C) [...***...] 
 (D) [...***...]

 (E) [...***...] 
 (F)
[...***...] 
 (ii) Assumption. In no event shall the Holder have the right to treat a Major Transaction as an Assumption unless
the Company has elected to treat such Major Transaction as an Assumption pursuant to this paragraph. In the event of a Qualified Major Transaction, the Company shall have the exclusive right, in its sole discretion, to cause such Qualified Major
Transaction (or the applicable portion of a Mixed Major Transaction) to be treated as an Assumption in accordance with this Section 5(c)(ii) with respect to the percentage of this Warrant then owned by the Holder equal to the percentage of the
consideration to be paid in the Major Transaction represented by the securities of a Successor Entity. If the Successor Entity is a Publicly Traded Successor Entity, the percentage of consideration represented by securities of such Successor Entity
shall be equal to the percentage that the value of the aggregate anticipated number of shares of the Publicly Traded Successor Entity to be issued to holders of Common Stock of the Company represents of the aggregate value of all consideration,
including cash consideration, in such Major Transaction, as such values are set forth in any definitive agreement for the Major Transaction that has been executed at the time of the first public announcement of the Major Transaction or, if no such
value is determinable from such definitive agreement, based on the closing price for shares of the Publicly Traded Successor Entity on its principal securities exchange on the Trading Day preceding the closing of the Major Transaction. If the
Successor Entity is a Private Successor Entity, the percentage of consideration represented by securities of such Successor Entity shall be determined in good-faith by the Company’s Board of Directors. Any election by the Company to treat this
Warrant as an Assumption pursuant to the terms hereof shall be made in the Major Transaction Notice (as defined in Section 5(c)(iii) below) in respect of such Qualified Major Transaction. The Company shall not enter into or be party to a Major
Transaction that is to be treated as an Assumption, unless the Successor Entity assumes in writing all of the obligations of the Company under this Warrant and the Registration Rights Agreement in accordance with the provisions of this Section
(ii), including agreements to deliver to each holder of Warrants in exchange for such Warrants a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to the Warrants, including, without
limitation, representing the appropriate number of shares of the Successor Entity, having similar exercise rights as the Warrants (including but not limited to a similar Exercise Price and similar Exercise Price adjustment provisions based on the
price per share or conversion ratio to be received by the holders of Common Stock in the Major Transaction) and similar registration rights as provided by the Registration Rights Agreement. Upon the occurrence of any Major Transaction treated as an
Assumption hereunder, any Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Major Transaction, the provisions of this Warrant and the Registration Rights Agreement (or substantially similar
instruments, if applicable) referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Warrant with the
same effect as if such Successor Entity had been named as the Company herein. Upon consummation of the Major Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon exercise or redemption of this
Warrant at any time after the consummation of the Major Transaction, in lieu of the shares of Common Stock (or other securities, cash, assets or other property) issuable upon the exercise of the Warrants prior to such Major Transaction, such shares
of common stock (or their equivalent) of the Successor Entity (based on the price per share or conversion ratio to be received by the holders of Common Stock in the Major Transaction), as adjusted in accordance with the provisions of this Warrant.
The provisions of this Section shall apply similarly and equally to successive Major Transactions and shall be applied without regard to any limitations on the exercise of this Warrant other than any applicable beneficial ownership limitations. Any
assumption of Company obligations under this paragraph shall be referred to herein as an “Assumption”. 
  
  

	***Confidential 	Treatment Requested 

  

 8 

 (iii) Notice; Major Transaction Early Termination Right; Notice of Cashless Major Exercise. At least
fifteen (15) days prior to the consummation of any Major Transaction, but, in any event, within two (2) Trading Days following the date of the public announcement of any Major Transaction (or, if this Warrant has been issued pursuant to
Section 2.15(b) of the Facility Agreement after the date of public announcement of a Major Transaction, on the date this Warrant is issued), the Company shall deliver written notice thereof via facsimile and overnight courier to the Holder (a
“Major Transaction Notice”), which such Major Transaction Notice shall, if applicable, indicate whether the Company desires to have the Warrant treated as an Assumption in accordance with the provisions of Section 5(c)(ii) above.
Other than in respect of all or a portion of the Warrant that is to be treated as an Assumption or is eligible for a Cashless Major Exercise (without taking into consideration the 9.98% Cap) in accordance with Section 5(c)(i), the Holder may,
by delivery of written notice (“Major Transaction Early Termination Notice”) to the Company at any time during the period beginning after the Holder’s receipt of a Major Transaction Notice and ending five (5) Trading Days prior
to the consummation of such Major Transaction (the “Early Termination Period”), require the Company to redeem (an “Early Termination Upon Major Transaction”), effective immediately prior to the consummation of such Major
Transaction, all or any portion of this Warrant not treated as an Assumption or eligible to be exercised as a Cashless Major Exercise pursuant to Section 5(c)(i) above (without taking into consideration the 9.98% Cap). The Major Transaction
Early Termination Notice shall indicate the portion of the Warrant that the Holder is electing to have redeemed. Such portion of this Warrant (the “Redeemable Portion”) shall be redeemed by the Company at a price (the “Major
Transaction Warrant Early Termination Price”) payable in cash equal to the value of the Redeemable Portion determined by use of the Black Scholes Option Pricing Model using the criteria set forth in Schedule 1 hereto (the “Black
Scholes Value”). 
 To the extent the Holder shall elect to effect a Cashless Major Exercise in respect of a Major Transaction, the Holder
shall deliver its exercise notice in accordance with Section 3(b), within the Early Termination Period. 
 (iv) Escrow; Payment of Major
Transaction Warrant Early Termination Price. Following the receipt of a Major Transaction Early Termination Notice or a notice of a Cashless Major Exercise from the Holder, the Company shall not effect a Major Transaction that is being treated
as an Early Termination Upon Major Transaction or in connection with which this Warrant is eligible to be exercised as a Cashless Major Exercise unless it either (a) obtains the written agreement of the Successor Entity that payment of the
Major Transaction Warrant Early Termination Price and/or applicable Cashless Major Shares shall be made to the Holder upon consummation of such Major Transaction or (b) it shall first place into an escrow account with an independent escrow
agent, at least three (3) Trading Days prior to the closing date of such Major Transaction (the “Major Transaction Escrow Deadline”), a number of shares of Common Stock or an amount in cash, as applicable, equal to the Major
Transaction Warrant Early Termination Price and/or applicable Cashless Major Shares. If an escrow account is required to be established pursuant to the preceding sentence, concurrently upon closing of such Major Transaction, the Company shall pay or
shall instruct the escrow agent to pay the Major Transaction Warrant Early Termination Price and/or to deliver the applicable Cashless Major Shares to the Holder. For purposes of determining the amount, if any, required to be placed in escrow
pursuant to the provisions of this subsection (iv) and without affecting the amount of the actual Major Transaction Warrant Early Termination Price and/or the number of applicable Cashless Major Shares, the calculation of the “Stock
Price” referred to in Schedule 1 hereto shall be determined based on the Closing Market Price (as defined on Schedule I) of the Common Stock on the Trading Day immediately preceding the date that the funds and/or applicable Cashless Major
Shares, as applicable, are deposited with the escrow agent. 
 Notwithstanding anything to the contrary in this Section 5, until the Major
Transaction Warrant Early Termination Price is paid in full, this Warrant may be exercised, in whole or in part, by the Holder. 
 For purposes
hereof: 
 “Another Entity” shall mean an entity in which the holders of a majority of the shares of Common Stock of the Company
immediately prior to the consummation of a Major Transaction do not hold a majority of the equity securities in such entity. 
 “Cash-Out
Major Transaction” means a Major Transaction in which the consideration payable to holders of Common Stock in connection with the Major Transaction consists solely of cash. 
 “Cashless Major Exercise” shall mean an exercise of this Warrant or portion thereof as a “Cashless Major Exercise” in accordance with Section 3(b) and 5(c)(i) hereof. 

 

 9 

 “Eligible Market” means NASDAQ, the New York Stock Exchange, Inc., the NYSE Arca, the NASDAQ
Capital Market, the NASDAQ Global Select Market or the NYSE Alternext U.S. or any successor exchanges or markets thereof. 
 “Mixed Major
Transaction” means a Major Transaction in which the consideration payable to the stockholders of the Company consists partially of cash and partially of securities of a Successor Entity. If the Successor Entity is a Publicly Traded Successor
Entity, the percentage of consideration represented by securities of such Successor Entity shall be equal to the percentage that the value of the aggregate anticipated number of shares of the Publicly Traded Successor Entity to be issued to holders
of Common Stock of the Company represents in comparison to the aggregate value of all consideration, including cash consideration, in such Mixed Major Transaction, as such values are set forth in any definitive agreement for the Mixed Major
Transaction that has been executed at the time of the first public announcement of the Major Transaction, or, if no such value is determinable from such definitive agreement, based on the closing market price for shares of the Publicly Traded
Successor Entity on its principal securities exchange on the Trading Day immediately preceding the closing of the Mixed Major Transaction. If the Successor Entity is a Private Successor Entity, the percentage of consideration represented by
securities of such Successor Entity shall be determined in good-faith by the Company’s Board of Directors. 
 “Parent Entity” of
a Person means an entity that, directly or indirectly, controls the applicable Person and whose common stock or equivalent equity security is quoted or listed on an Eligible Market, or, if there is more than one such Person or Parent Entity, the
Person or Parent Entity with the largest public market capitalization as of the date of consummation of a Major Transaction. 
 “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity and a government or any department or agency thereof. 

“Private Successor Entity” means a Successor Entity that is not a Publicly Traded Successor Entity. 
 “Publicly Traded Successor Entity” means a Successor Entity that is a publicly traded corporation whose common stock is quoted on or listed for
trading on an Eligible Market (as defined above). 
 “Qualified Major Transaction” means a Major Transaction where (i) the
consideration payable to holders of Common Stock in connection with the Major Transaction consists in whole or in part of securities of a Publicly Traded Successor Entity or (ii) any non-cash portion of the consideration payable to holders of
Common Stock in connection with the Major Transaction consists of securities of a Private Successor Entity, which such Private Successor Entity shall be approved of in writing by the Holder. 
 “Successor Entity” means any Person purchasing the Company’s assets or Common Stock, or any successor entity resulting from such Major
Transaction, or if the Warrant is to be exercisable for shares of capital stock of its Parent Entity (as defined above), its Parent Entity. 
 (d) Adjustments: Additional Shares, Securities or Assets. In the event that at any time, as a result of an adjustment made pursuant to this Section 5 or otherwise, Holder shall, upon Exercise of this Warrant, become entitled to
receive shares and/or other securities or assets (other than Common Stock) then, wherever appropriate, all references herein to Common Stock shall be deemed to refer to and include such shares and/or other securities or assets; and thereafter the
number of such shares and/or other securities or assets shall be subject to adjustment from time to time in a manner and upon terms as nearly equivalent as practicable to the provisions of this Section 5. 
 (e) Notice of Adjustments. Whenever the Exercise Price is adjusted pursuant to the terms of this Warrant, the Company shall promptly mail to the
Holder a notice (an “Exercise Price Adjustment Notice”) setting forth the Exercise Price after such adjustment and setting forth a statement of the facts requiring such adjustment. The Company shall, upon the written request at any time of
the Holder, furnish to such Holder a like Warrant setting forth (i) such adjustment or readjustment, (ii) the Exercise Price at the time in effect and (iii) the number of shares of Common Stock and the amount, if any, of other
securities or property which at the time would be received upon Exercise of the Warrant. For purposes of clarification, whether or not the Company provides an Exercise Price Adjustment Notice pursuant to this Section 5(e), upon the occurrence
of any event that leads to an adjustment of the Exercise Price,

  

 10 

 
the Holder would be entitled to receive a number of Exercise Shares based upon the new Exercise Price, as adjusted, for exercises occurring on or after the date of such adjustment, regardless of
whether the Holder accurately refers to the adjusted Exercise Price in the Exercise Form. 
 6. Fractional Interests.

 No fractional shares or scrip representing fractional shares shall be issuable upon the Exercise of this Warrant, but on Exercise of this
Warrant, Holder may purchase only a whole number of shares of Common Stock. If, on Exercise of this Warrant, Holder would be entitled to a fractional share of Common Stock, such fractional share shall be disregarded and the Company shall calculate
and pay to the Holder an amount of cash in lieu of such fractional share, with such cash amount based on the Market Price (as defined in Section 3(a)(ii) above). If more than one Warrant shall be exercised concurrently by Holder, the number of
whole shares which shall be issuable upon exercise thereof shall be computed on the basis of the aggregate Warrants so exercised. 
 7.
Reservation of Shares. 
 From and after the date hereof, the Company shall at all times reserve for issuance such number of
authorized and unissued shares of Common Stock (or other securities substituted therefor as herein above provided) as shall be sufficient for the Exercise of this Warrant. If at any time the number of shares of Common Stock authorized and reserved
for issuance is below the number of shares sufficient to permit the Exercise of this Warrant (a “Share Authorization Failure”) (based on the Exercise Price in effect from time to time), the Company will promptly take all corporate action
reasonably necessary to authorize and reserve a sufficient number of shares, including, without limitation, calling a special meeting of stockholders to authorize additional shares to meet the Company’s obligations under this Section 7,
and using commercially reasonable efforts to obtain stockholder approval of an increase in such authorized number of shares. The Company covenants and agrees that upon the Exercise of this Warrant, other than in the event of a Share Authorization
Failure, if any, all Exercise Shares shall be duly and validly issued, fully paid and nonassessable and not subject to preemptive rights, rights of first refusal or similar rights of any Person. 
 8. Restrictions on Transfer. 
 (a) Registration or Exemption Required. This Warrant has been issued in a transaction exempt from the registration requirements of the Securities Act by virtue of Regulation D and exempt from state registration or qualification under
applicable state laws. Neither the Warrant nor the Exercise Shares may be pledged, transferred, sold, assigned, hypothecated or otherwise disposed of except pursuant to an effective registration statement covering the resale of such securities or an
exemption to the registration requirements of the Securities Act and applicable state laws including, without limitation, a so-called “4(1) and a half” transaction. 
 (b) Assignment. Subject to applicable securities laws and Section 8(a), the Holder may sell, transfer, assign, pledge, or otherwise dispose of this Warrant, in whole or in part; provided that
Holder may not sell, transfer, assign, pledge, or otherwise dispose of any portion of this Warrant with respect to less than [...***...] or (y) all remaining Warrant Shares underlying this Warrant. Holder shall deliver a written notice to
Company, substantially in the form of the Assignment attached hereto as Exhibit B, indicating the Person or Persons to whom the Warrant shall be assigned and the respective number of warrants to be assigned to each assignee. The
Company shall effect the assignment within five (5) Trading Days (the “Transfer Delivery Period”), and shall deliver to the assignee(s) designated by Holder a Warrant or Warrants of like tenor and terms for the appropriate number of
shares. Subject to the foregoing, this Warrant and the rights evidenced hereby shall inure to the benefit of and be binding upon the successors and assigns of the Holder. The provisions of this Warrant are intended to be for the benefit of all
Holders from time to time of this Warrant, and shall be enforceable by any such Holder. For avoidance of doubt, in the event Holder notifies the Company that such sale or transfer is a so called “4(1) and half” transaction, the parties
hereto agree that a legal opinion from outside counsel for the Holder delivered to counsel for the Company substantially in the form attached hereto as Exhibit C shall be the only requirement to satisfy an exemption from
registration under the Securities Act to effectuate such “4(1) and half” transaction. 
  
  

	***Confidential 	Treatment Requested 

  

 11 

 9. Noncircumvention. 
 The Company hereby covenants and agrees that the Company will not, by amendment of its certificate of incorporation, bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme
of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, and will at all times in good faith carry out all the provisions of
this Warrant and take all action as may be reasonably required to protect the rights of the Holder. Without limiting the generality of the foregoing, the Company (i) shall not increase the par value of any shares of Common Stock receivable upon
the exercise of this Warrant above the Exercise Price then in effect, and (ii) shall take all such actions as may be reasonably necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable shares
of Common Stock upon the exercise of this Warrant. 
 10. Events of Failure. 
 The occurrence of each of the following shall be considered to be an “Event of Failure.” 
 (i) A Delivery Failure Default occurs, where a “Delivery Failure Default” shall be deemed to have occurred if the Company fails to
use its reasonable best efforts to deliver Exercise Shares to the Holder within any applicable Delivery Period (other than due to the limitation contained in the provisions contained in the second paragraph of Section 1); 
 (ii) A Legend Removal Failure occurs, where a “Legend Removal Failure” shall be deemed to have occurred if the Company fails to
use its reasonable best efforts to issue Exercise Shares without a restrictive legend, or fails to use it reasonable best efforts to remove a restrictive legend, when and as required under Section 2(e) hereof; 
 (iii) a Transfer Delivery Failure occurs, where a “Transfer Delivery Failure” shall be deemed to have occurred if the Company
fails to use its reasonable best efforts to deliver a Warrant within any applicable Transfer Delivery Period; and 
 (iv) a
Registration Failure (as defined below). 
 For purposes hereof, “Registration Failure” means that (A) the Company fails
to use its best efforts to file with the SEC on or before the Filing Deadline (as defined in the Registration Rights Agreement) any Registration Statement required to be filed pursuant to Section 2(a) of the Registration Rights Agreement,
(B) the Company fails to use commercially reasonable efforts to cause a Registration Statement to be declared effective by the SEC prior to the Registration Deadline (as defined in the Registration Rights Agreement), and if such Registration
Statement is not so filed prior to the Registration Deadline, as soon as possible thereafter, or fails to use commercially reasonable efforts to keep such Registration Statement current and effective as required in Section 3 of the Registration
Rights Agreement (subject to the Company’s right to delay or suspend effectiveness pursuant to Section 3(o) of the Registration Rights Agreement), (C) any Registration Statement required to be filed under the Registration Rights
Agreement, after its initial effectiveness and during the Registration Period (as defined in the Registration Rights Agreement), lapses in effect or sales of all of Registrable Securities (as defined in the Registration Rights Agreement) then
outstanding cannot otherwise be made thereunder (whether by reason of the Company’s failure to amend or supplement the prospectus included therein in accordance with the Registration Rights Agreement, the Company’s failure to file and use
commercially reasonable efforts to obtain effectiveness with the SEC of an additional Registration Statement or amended Registration Statement required pursuant to Sections 2(a)(ii) or 3(b) of the Registration Rights Agreement, as applicable,
or otherwise) for a period of time in excess of the Grace Period (as defined in the Registration Rights Agreement) provided that in each case, a Registration Failure shall be deemed to not have occurred if such Registration
Failure results from a breach by any holder of a Registrable Security of its obligations pursuant to Section 4 of the Registration Rights Agreement.  
  

 12 

 11. Default. 
 (a) Events Of Default. Each of the following events shall be considered to be an “Event of Default,” unless waived by the Holder: 
 (i) Failure To Effect Registration. With respect to all Registration Failures, a Registration Failure occurs and remains uncured for a period of more
than forty-five (45) days (or sixty (60) days in the case where the Company (i) has, by the Filing Deadline (as defined the Registration Rights Agreement) filed a Registration Statement (as defined in the Registration Rights
Agreement) covering the number of shares required by the Registration Rights Agreement, and (ii) has responded in writing to any comments to the Registration Statement that the Company has received from the SEC, within ten (10) Business
Days of such receipt, and nevertheless the SEC has not declared effective the Registration Statement by the Registration Deadline (as defined in the Registration Rights Agreement), and such Registration Failure relates solely to the
Company’s failure to have the Registration Statement declared effective by the Registration Deadline (as defined in the Registration Rights Agreement)) after written notice thereof by Holder to the Company; provided that in each case, a
Registration Failure shall be deemed to not have occurred if such Registration Failure results from a breach by any holder of a Registrable Security of its obligations pursuant to Section 4 of the Registration Rights Agreement. 
 (ii) Failure To Deliver Common Stock. Other than as provided in Section 13(a) below, a Delivery Failure (as defined above) occurs and the
Company fails for any reason to effect delivery of the applicable Exercise Shares for a period of more than twenty (20) days after written notice thereof by Holder to the Company; or at any time, the Company announces or states in writing that
it will not honor its obligations to issue shares of Common Stock to the Holder upon Exercise by the Holder of the Exercise rights of the Holder in accordance with the terms of this Warrant. 
 (iii) Legend Removal Failure. A Legend Removal Failure (as defined above) occurs and remains uncured for a period of thirty (30) days after
written notice thereof by Holder to the Company; and 
 (iv) Corporate Existence; Major Transaction. (A) The Company has failed to
(x) either satisfy the requirements of Section 5(c)(iv)(a) above or place the Major Transaction Warrant Early Termination Price or the Cashless Major Shares, as the case may be, into escrow or (y) if an escrow account is required
to be established pursuant to Section 5(c)(iv), to instruct the escrow agent to release such amount or such shares, as the case may be, to the Holder pursuant to Section 5(c)(iv), or (B) with respect to a Major
Transaction that is to be treated as an Assumption under the terms hereof, the Company has failed to meet the Assumption requirements of Section 5(c)(ii). 
 (b) [...***...] 
 (c) Remedies, Other Obligations, Breaches And Injunctive
Relief. The remedies provided in this Warrant shall be cumulative and in addition to all other remedies available under this Warrant, the Facility Agreement and the Registration Rights Agreement, at law or in equity (including a decree of
specific performance and/or other injunctive relief), and nothing herein shall limit the right of the Holder to pursue actual damages for any failure by the Company to comply with the terms of this Warrant. The Company acknowledges that a breach by
it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, the holder of this
Warrant shall be entitled, in addition to all other available remedies, to an injunction restraining any breach, without the necessity of showing economic loss and without any bond or other security being required. 
 12. Holder’s Early Terminations. In the event that the Company does not deliver the applicable Major Transaction Warrant Early
Termination Price or the Exercise Shares in respect of a Cashless Major Exercise, as the case may be, to the Holder within the time period or as otherwise required pursuant to the terms hereof, or at any time thereafter, the Holder shall have the
option, upon notice to the Company, in lieu of early termination or Cashless Major Exercise, as the case may be, to require the Company to promptly return to the Holder all or any portion of this Warrant that was submitted for early termination or
exercise. Upon the Company’s receipt of such notice, (x) the applicable early termination or exercise, as the case may be, shall be null and void with respect to such applicable portion of this Warrant, (y) the Company shall
immediately return this Warrant, or issue a new Warrant to the Holder representing the portion of this Warrant that was submitted for early termination or exercise and (z) the Exercise Price of this Warrant or such new Warrant shall be adjusted
to the greater of (A) the Exercise Price as in effect on the date on which the applicable early termination or exercise notice, as the case may be, is voided and (B) $5.16. 
  
  

	***Confidential 	Treatment Requested 

  

 13 

 13. Limitation on Issuance of Common Stock. 
 (a) Share Cap. Notwithstanding anything herein to the contrary, the maximum number of shares of Common Stock (i) issued or
issuable pursuant to this Warrant and all additional Warrants issued pursuant to the provisions of Section 2.15(a) of the Facility Agreement may not exceed 28,000,000 shares of Common Stock and (ii) issued or issuable pursuant to all
Warrants issued pursuant to the provisions of Section 2.15(b) of the Facility Agreement may not exceed 5,600,000 shares of Common Stock. 
 (b) No Obligation to Net Cash Settle this Warrant. Notwithstanding anything to the contrary herein, in the event that the Company is not permitted to issue shares of Common Stock to Holder pursuant
to this Warrant because of the provisions of Section 13(a) above or because the Holder would acquire a number of shares of Common Stock such that, upon such acquisition, the number of shares of Common Stock then beneficially owned by the Holder
and its Affiliates and any other persons or entities whose beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Exchange Act (including shares held by any “group” of
which the Holder is a member, but excluding shares beneficially owned by virtue of the ownership of securities or rights to acquire securities that have limitations on the right to convert, exercise or purchase similar to the limitation set forth
herein) would exceed the 9.98% Cap (subject to the proviso to the 9.98% Cap set forth in the second paragraph of Section 1), the Company shall not be required to net cash settle or otherwise make any cash payment to Holder (i) with respect
to any related obligation hereunder or (ii) to settle this Warrant by virtue of such limitation. 
 14. Benefits of this
Warrant. 
 Nothing in this Warrant shall be construed to confer upon any person other than the Company and Holder any legal or equitable
right, remedy or claim under this Warrant and this Warrant shall be for the sole and exclusive benefit of the Company and Holder. 
 15.
Governing Law. 
 All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be
governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective Affiliates, directors, officers, stockholders, employees or agents) shall be commenced exclusively in the state and
federal courts sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of
any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or
proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. The parties hereby waive all rights to a trial by jury. If either
party shall commence an action or proceeding to enforce any provisions of this Agreement, then the prevailing party in such action or proceeding shall be reimbursed by the other party for its reasonable attorneys’ fees and other costs and
expenses incurred with the investigation, preparation and prosecution or defense of such action or proceeding. 
 16. Loss of
Warrant. 
 Upon receipt by the Company of evidence of the loss, theft, destruction or mutilation of this Warrant, and (in the case of
loss, theft or destruction) of indemnity or security reasonably satisfactory to the Company, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall execute and deliver a new Warrant of like tenor and date. 

 

 14 

 17. Notice or Demands. 
 Notices or demands pursuant to this Warrant to be given or made by Holder to or on the Company shall be sufficiently given or made if sent by certified or registered mail, return receipt requested,
postage prepaid or via overnight delivery with a nationally recognized courier service, and addressed, until another address is designated in writing by the Company, to the address set forth in Section 2(a) above. Notices or demands pursuant to
this Warrant to be given or made by the Company to or on Holder shall be sufficiently given or made if sent by certified or registered mail, return receipt requested, postage prepaid or via overnight delivery with a nationally recognized courier
service, and addressed, to the address of Holder set forth in the Company’s records, until another address is designated in writing by Holder. 
 [Signature page follows] 
  

 15 

 IN WITNESS WHEREOF, the undersigned has executed this Warrant as of the
            day of             , 20    . 
  

			
	ARENA PHARMACEUTICALS, INC.
		
	By:	 	  

	Print Name:	 	
	Title:	 	

  

 16 

 EXHIBIT A 
 EXERCISE FORM FOR WARRANT 
 TO: ARENA PHARMACEUTICALS, INC. 
 CHECK THE APPLICABLE BOX: 
  

			
	 ̈	  	 Cash Exercise
  
 The undersigned hereby irrevocably exercises the attached warrant (the “Warrant”) with respect to
                     shares of Common Stock (the “Common Stock”) of ARENA PHARMACEUTICALS, INC., a Delaware corporation (the
“Company”), and tenders herewith payment of the Exercise Price in full, together with all applicable transfer taxes.
  
 [IF APPLICABLE: The undersigned hereby encloses $         as payment of the Exercise Price.]
  
 [IF APPLICABLE: The undersigned hereby agrees to cancel
$         of principal outstanding under Notes of the Company held by the Holder.]

		
	 ̈	  	 Cashless Exercise
  
 The undersigned hereby irrevocably exercises the Warrant with respect to
                     shares of Common Stock of the Company, pursuant to the terms of the Cashless Exercise provisions set forth in
Section 3(a)(ii) of the attached Warrant, and tenders herewith payment of all applicable transfer taxes, if any.

		
	 ̈	  	 Cashless Major Exercise
  
 The undersigned hereby irrevocably exercises the Warrant with respect to         % of the Warrant currently
outstanding pursuant to a Cashless Major Exercise in accordance with the terms of the Warrant.

		
	 ̈	  	[...***...]

 1. The undersigned requests that any stock certificates for such shares be issued free of any
restrictive legend, if appropriate, and a warrant representing any unexercised portion hereof be issued, pursuant to the Warrant in the name of the undersigned and delivered to the undersigned at the address set forth below. The undersigned agrees
not to sell, transfer, assign, pledge, hypothecate or otherwise dispose of any of the Common Stock obtained on Exercise of the Warrant, except in accordance with applicable securities laws and the provisions of Section 8(a) of the Warrant.

 2. The number of shares of Common Stock beneficially owned by the Holder and its Affiliates (as defined in the Warrant) and any other persons
or entities whose beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) (including shares held by any
“group” of which the Holder is a member, but excluding shares beneficially owned by virtue of the ownership of securities or rights to acquire securities that have limitations on the right to convert, exercise or purchase similar to the
limitation set forth herein) is             . For purposes hereof, “group” has the meaning set forth in Section 13(d) of the Exchange Act and applicable regulations
of the Securities and Exchange Commission, and the number of shares beneficially owned has been determined in a manner consistent with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. 

3. Capitalized terms used but not otherwise defined in this Exercise Form shall have the meaning ascribed thereto in the Warrant. 
  
  

	***Confidential 	Treatment Requested 

 4. In the event of any conflict between the term of this Exercise Form and any provisions of this Warrant,
the terms of the Warrant shall govern. 
 Dated:
                     
  
  
  
 Signature 
  
  
 Print Name 
  
  
 Address 
 NOTICE 
 The signature to the foregoing Exercise
Form must correspond to the name as written upon the face of the attached Warrant in every particular, without alteration or enlargement or any change whatsoever. 

 EXHIBIT B 
 ASSIGNMENT 
 (To be executed by the registered holder 
 desiring to transfer the Warrant) 
 FOR VALUE RECEIVED, the undersigned holder of the attached warrant (the “Warrant”) hereby sells, assigns and transfers unto the person or persons below named the right to purchase
            shares of the Common Stock of ARENA PHARMACEUTICALS, INC., a Delaware corporation, evidenced by the attached Warrant and does hereby irrevocably constitute and appoint
            attorney to transfer the said Warrant on the books of the Company, with full power of substitution in the premises. 
  

					
		 		 	
	Dated:                     	 		 	  

		 		 	Signature

 Fill in for new registration of Warrant: 
  

	
	  

	Name
	
	  

	Address
	
	  
 Please print name and address of
assignee
 (including zip code number)

 NOTICE 
 The signature to the foregoing Assignment must correspond to the name as written upon the face of the attached Warrant in every particular, without alteration or enlargement or any change whatsoever.

 EXHIBIT C 
 FORM OF OPINION 
             ,
20     
 [                    ] 
 Re: Arena Pharmaceuticals, Inc. (the “Company”) 
 Dear Sir: 
 [            ]
(“[            ]”) intends to transfer             Warrants (the “Warrants”) of the Company to
            (“            ”) without registration under the Securities Act of 1933, as amended (the “Securities
Act”). In connection therewith, we have examined and relied upon the truth of representations contained in an Investor Representation Letter attached hereto and have examined such other documents and issues of law as we have deemed relevant.

 Based on and subject to the foregoing, we are of the opinion that the transfer of the Warrants by
            to             may be effected without registration under the Securities Act, provided, however, that the Warrants to
be transferred to             shall contain a legend restricting its transferability pursuant to the Securities Act and that transfer of the Warrants is subject to a stop order. 

The foregoing opinion is furnished only to             and may not be used, circulated,
quoted or otherwise referred to or relied upon by you for any purposes other than the purpose for which furnished or by any other person for any purpose, without our prior written consent. 
 Very truly yours, 
  

 [FORM OF INVESTOR REPRESENTATION LETTER] 
                     ,
20     
 [                        ] 
 Gentlemen: 
             (“            ”) has agreed to purchase
            Warrants (the “Warrants”) of Arena Pharmaceuticals, Inc. (the “Company”) from [            ]
(“[            ]”). We understand that the Warrants are “restricted securities.” We represent and warrant that
            is a sophisticated institutional investor that would qualify as an “Accredited Investor” as defined in Rule 501 of Regulation D under the Securities Act of 1933, as
amended (the “Securities Act”). 
             represents and warrants as
of the date hereof as follows: 
 1. That it is acquiring the Warrants and the shares of common stock, $0.0001 par value per
share underlying such Warrants (the “Exercise Shares”) solely for its account for investment and not with a view to or for sale or distribution of said Warrants or Exercise Shares or any part thereof.
            also represents that the entire legal and beneficial interests of the Warrants and Exercise Shares             is
acquiring is being acquired for, and will be held for, its account only; 
 2. That it understands and agrees that the Warrants
and the Exercise Shares have not been registered under the Securities Act on the basis that no distribution or public offering of the stock of the Company is to be effected.
            realizes that the basis for the exemption may not be present if, notwithstanding its representations,             has
a present intention of acquiring the securities for a fixed or determinable period in the future, selling (in connection with a distribution or otherwise), granting any participation in, or otherwise distributing the securities.
            has no such present intention; 
 3. That it understands
and agrees that the Warrants and the Exercise Shares must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available.
            recognizes that the Company has no obligation to register the Warrants, or to comply with any exemption from such registration; 
 4. That it understands and agrees that neither the Warrants nor the Exercise Shares may be sold pursuant to Rule 144 adopted under the
Securities Act unless certain conditions are met, including, among other things, the existence of a public market for the shares, the availability of certain current public information about Company, the resale following the required holding period
under Rule 144 and the number of shares being sold during any three month period not exceeding specified limitations; 
 5. That
it will not make any disposition of all or any part of the Warrants or Exercise Shares in any event unless and until: 
 (i)
There is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with said registration statement; or 
 (ii)             shall have notified the Company of the proposed disposition and,
in the case of a sale or transfer in a so called “4(1) and a half” transaction, shall have furnished counsel to the Company with an opinion of its counsel, substantially in the form of Exhibit C to the Warrant. 

 We acknowledge that the Company will place stop orders with respect to the Warrants and the Exercise Shares,
and if a registration statement is not effective, the Exercise Shares shall bear the following restrictive legend: 
 “THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED
OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SAID ACT INCLUDING, WITHOUT LIMITATION, PURSUANT TO RULES 144 OR 144A UNDER SAID ACT OR PURSUANT TO A
PRIVATE SALE EFFECTED UNDER APPLICABLE FORMAL OR INFORMAL SEC INTERPRETATION OR GUIDANCE, SUCH AS A SO-CALLED “4(1) AND A HALF” SALE”, SUBJECT TO DELIVERY OF AN OPINION, AS PROVIDED IN THE WARRANT, DATED AS OF
            , 20    , ISSUED BY THE COMPANY. 
 “THE SALE, TRANSFER OR ASSIGNMENT OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN REGISTRATION RIGHTS AGREEMENT DATED AS OF
            , 2009, AS AMENDED FROM TIME TO TIME, AMONG THE COMPANY AND CERTAIN HOLDERS OF ITS OUTSTANDING SECURITIES. COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO COST BY WRITTEN REQUEST
MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE COMPANY.” 
 The undersigned agrees to notify the Company
immediately of any development or occurrence which to the knowledge of the undersigned would render inaccurate or incomplete any of the representations or agreements contained in this letter and will indemnify and hold harmless the Company from and
against any and all loss, damage, claim, liability and expense arising out of or resulting from the breach of any of the representations and agreements contained herein. 
 The Company and its counsel and transfer agent may rely on the information contained herein. At any time and from time to time after the date hereof,
            shall, without further consideration, execute and deliver to [            ] or the Company such other instruments or
documents and shall take such other actions as they may reasonably request to carry out the transactions contemplated hereby. 
 Very truly
yours, 

 Schedule 1 
 Black-Scholes Value 
  

			
	Calculation Under Section 5(c)(iii)
		
	 Remaining Term
	  	Number of calendar days from date of consummation of the Major Transaction until the last date of the Term.
		
	 Interest Rate
	  	A risk-free interest rate corresponding to the US$ LIBOR/Swap rate on the Trading Day immediately preceding the date on which the applicable Major Transaction is consummated for
a period ending on the last date of the Term.
		
	 Volatility
	  	The lesser of (A): 50%; or
		
		  	 (B) (i) If the first public announcement of the Major Transaction is made at or prior to 4:00 p.m., New York City time, the
arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the Trading Day immediately preceding such first public announcement, obtained from the HVT or similar function on Bloomberg; or (ii) If the first
public announcement of the Major Transaction is made after 4:00 p.m., New York City time, the arithmetic mean of the historical volatility for the 10, 30 and 50 Trading Day periods ending on the date of such first public announcement, obtained from
the HVT or similar function on Bloomberg.

		
	 Stock Price
	  	The greater of (1) the closing price of the Common Stock on NASDAQ, or, if that is not the principal trading market for the Common Stock, such principal market on which the
Common Stock is traded or listed (the “Closing Market Price”) on the trading day immediately preceding the date on which a Major Transaction is consummated, (2) the first Closing Market Price following the first public announcement of a
Major Transaction, or (3) the Volume Weighted Average Price as of the date immediately preceding the first public announcement of the Major Transaction.
		
	 Dividends
	  	Zero.
		
	 Strike Price
	  	Exercise Price as defined in section 3(a).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}]]