Document:

Standard Industrial/Commercial Multi-Tenant Lease

 Exhibit 10.6 
 SECOND AMENDMENT TO LEASE 
 This SECOND AMENDMENT TO LEASE (“Second Amendment”) is
made and entered into this 1st day of November, 2003 by and between COLUMBIA INVESTORS, LLC, herein called Lessor, and SENORX, INC., herein called Lessee. 
 WHEREAS, under the lease dated September 15, 1999 and amended on March 28, 2003 (collectively, the “Lease”), Lessee leases from Lessor certain premises located at 11 Columbia, Suite A and Suite B,
Aliso Viejo, California (“Premises”), as more particularly described in said Lease. 
 WHEREAS, the parties desire to amend said
Lease to extend the term of the Lease on the terms and conditions set forth herein. 
 NOW THEREFORE, for good and valuable consideration the
receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 
  

	1.	TERM: The Term of the Lease is set to expire on June 30, 2005. The parties hereby agree that the Lease Term is hereby extended for five (5) years commencing
November 1, 2003. The part of the Term commencing November 1, 2003 and expiring on October 31, 2008 shall hereinafter be referred to as the “Extended Term”. 

  

	2.	BASE RENT: During the Extended Term, the Base Rent Schedule under paragraph 50 of said Lease shall be adjusted as follows: 

  

			
	 LEASE PERIOD
	  	 MONTHLY BASE RENT

	11/1/2003 — 4/30/2006	  	$25,710.00 per month for the Premises
	5/1/2006 — 10/31/2008	  	$27,500.00 per month for the Premises

  

	3.	RENT CREDIT. Notwithstanding anything to the contrary contained in the Lease, Lessor hereby grants Lessee an immediate rent credit of $50,000.00 to be applied against Lessee’s
rental obligations beginning November 1, 2003. 

  

	4.	EARLY TERMINATION. Provided Lessee is not in default under the Lease, Lessee shall have the option to terminate the Lease on October 31, 2006 by providing Lessor with written
notice of its intention to terminate the Lease by no later than May 1, 2006 (“Notice to Terminate”). The Notice to Terminate must contain a Termination Fee of $40,000.00. If the Termination Fee is not paid as provided, the Notice to
Terminate is null and void. 

  

	5.	PREMISES CONDITION. Lessee acknowledges and agrees that Lessor has no obligation to remodel or to make any alterations or improvements to the Premises, except to the extent
alterations or improvements are required as a result of Lessor’s willful misconduct or negligence or except as otherwise provided in the Lease. Lessee accepts the Premises in its “AS IS” condition. 

  

	6.	ALTERATIONS. Provided Lessee complies with the Lease provisions related to alterations, including obtaining the Lessor’s approval of all plans and specifications, Lessee has
Lessor’s consent to install a “cleanroom” and Lessor waives its right pursuant to paragraph 7.4(b) of the Lease that the “cleanroom” improvements be removed by Lessee at the end of the Extended Term. Notwithstanding anything
to the contrary in the Lease (including, without limitation, the third sentence of paragraph 7.4(a) thereof), Lessee shall at all times during the Term retain ownership of the “cleanroom” improvements and shall have the right to remove
them from the Premises at any time during the Term, subject to Lessee’s obligations pursuant to paragraph 7.4(c) of the Lease. 

  

	7.	AUTHORITY. The individuals executing this Second Amendment represent and warrant that they are duly authorized to execute and deliver this Second Amendment on behalf of said entity,
and that this Second Amendment is binding upon said entities in accordance with its terms. 

  

	8.	MISCELLANEOUS. Except as amended or modified herein, all the terms of the Lease shall remain in full force and effect. Unless otherwise noted herein, any capitalized term used in
this Second Amendment shall have the same meaning assigned to such term in the Lease. In the event of any inconsistency between the Lease and this Second Amendment, the provisions of this Second Amendment shall control. Time is of the essence in
this Second Amendment and the Lease and each and all of their respective provisions. Subject to the provisions of the Lease as to assignment, the agreements, conditions and provisions herein contained shall apply to and bind the heirs, executors,
administrators, successors and assigns of the parties hereto. If any provisions of this Second Amendment or the Lease shall be determined to be illegal or unenforceable, such determination shall not affect any other provision of the Lease and all
such other provisions shall remain in full force and effect. The language in all parts of the Lease shall be construed according to its normal and usual meaning and not strictly for or against either Lessor or Lessee. This Second Amendment, together
with its exhibits and the Lease, contain all the agreements of the parties hereto and supersedes any previous negotiations. There have been no representations made by the Lessor or understandings made between the parties other than those set forth
in the Lease, its exhibits, and this Second Amendment. This Second Amendment may not be modified except by a written instrument duly executed by the parties hereto. Submission of this instrument for examination or signature by Lessee does not
constitute an offer to amend the Lease. Lessor shall not be bound by this Second Amendment until Lessor has executed and delivered this Second Amendment to Lessee, notwithstanding Lessee’s execution and delivery of this Second Amendment to
Lessor. 

 IN WITNESS WHEREOF, the parties have executed this Second Amendment as of the date first written above. 

 

									
	 LESSOR:
 COLUMBIA INVESTORS, LLC
 a California Limited Liability Company
	 		 	 LESSEE:
 SENORX, INC.,
 a Delaware Corporation

					
	By:	 	/s/ Peter French	 		 	 By:
	 	/s/ Lloyd Malchow
		 	 Peter French
	 		 	Name:	 	Lloyd Malchow
		 	 Authorized Signature
	 		 	Title:	 	President & CEO

 FIRST AMENDMENT TO LEASE 
 This Amendment to Lease is made and entered into this 28 day of March, 2003 by and between Columbia Investors, LLC, herein called Lessor, and SenoRx, Inc., herein called Lessee. 
 WITNESSETH 
 WHEREAS, under the Lease dated
September 15, 1999, Lessee leases from Lessor certain premises located at 11 Columbia, Suite A, Aliso Viejo, California as more particularly described in said Lease, a true and correct copy of which is attached hereto as Exhibit A; and

 WHEREAS, the parties desire to amend said Lease (1) to expand the Premises to include Suite B; (2) adjust the monthly rent; and (3) adjust
the lease expiration date. 
 NOW THEREFORE, it is mutually agreed between the parties as follows: 
  

	1.	PREMISES: Effective June 1, 2003, the original Premises consisting of approximately 10,504 square feet known as Suite A shall be enlarged to include Suite B, which is
approximately 9,946 square feet, for a total leased square footage of 20,450 rentable square feet. Delivery of Suite B shall be contingent upon the vacancy of these premises by the existing tenant. 

  

	2.	TERM: Effective June 1, 2003, the Term of the Lease shall be extended for an additional six (6) months and the new Expiration Date shall be June 30, 2005.

  

	3.	BASE RENT: Effective June 1, 2003, the Base Rent Schedule under paragraph 50 of said Lease shall be adjusted as follows: 

  

										
	 LEASE PERIOD
	  	SUITE “A” RENT	  	SUITE “B” RENT	  	TOTAL RENT
	 6/1/03 – 6/30/03
	  	$	14,769	  	$	0	  	$	14,769
	 7/1/03 – 3/31/04
	  	$	14,769	  	$	10,941	  	$	25,710
	 4/1/04 – 6/30/05
	  	$	15,360	  	$	10,941	  	$	26,301

  

	4.	SECURITY DEPOSIT: Upon execution of the Lease Amendment, the current Security Deposit of $15,360 shall be increased by $10,350 to a total of $25,710. 

  

	5.	PREMISES CONDITION: Lessor shall deliver the Premises to Lessee clean and free of debris on the Commencement Date and warrants to Lessee that the existing plumbing, electrical
systems, fire sprinkler system, lighting, air conditioning and heating systems, improvements and loading doors, if any, in the Premises, other than those constructed by Lessee, shall be in good operating condition and the roof shall be in good
condition and water tight on the Commencement Date. If a non-compliance with said warranty exists as of the Commencement Date, Lessor shall, except as otherwise provided in the Lease, promptly after receipt of written notice from Lessee setting
forth with specificity the nature and extent of such non-compliance, rectify same at Lessor’s expense. If Lessee does not give Lessor written notice of a non-compliance with this warranty within sixty (60) days after the Commencement Date,
correction of that non-compliance shall be the obligation of Lessee at Lessee’s sole cost and expense. Lessee acknowledges and agrees that Lessor has no obligation, other than as described above, to remodel or to make any alterations or
improvements to the Premises, except to the extent such remodeling, alteration or improvement is required as a result of Lessor’s willful misconduct or negligence. Subject to the foregoing, Lessee accepts the Premises in its “AS IS”
condition. 

  

	6.	CONDITION PRECEDENT: Lessor shall use its best efforts to have Suite B vacant prior to May 31, 2003. If Lessor cannot deliver Suite B by August 15, 2003, Lessee shall have
no obligation to lease Suite B and this Amendment shall become null and void. 

  

	7.	CANCELLATION: The terms of this “Amendment to Lease” will be presented to and are subject to the approval by the SenoRx, Inc. Board of Directors at the April 24, 2003
meeting. If SenoRx, Inc. does not receive approval of the “Amendment to Lease” the Company will provide written notice to Lessor no later than 12:00 p.m. Friday, April 25, 2003. As such, the “Amendment to Lease” will become
null and void and the terms of the original lease attached hereto as Exhibit A will remain in effect. 

									
	LESSOR:	 		 	 LESSEE:

	COLUMBIA INVESTORS, LLC	 		 	 SENORX, INC.,

	a California Limited Liability Company	 		 	 a Delaware Corporation

					
	By:	 	 /s/ L.H. French
	 		 	 By:
	 	 /s/ Lloyd Malchow

		 	 L.H. French
	 		 	 Name:
	 	 Lloyd Malchow

		 	 Authorized Signature
	 		 	 Title:
	 	 President & CEO

				
		 		 	 By:
	 	 /s/ Kevin J. Cousins

		 		 		 	 Name:
	 	 Kevin J. Cousins

		 		 		 	 Title:
	 	 VP Finance & C.F.O.

 EXHIBIT A 
 Lease 
 [To be attached] 

 STANDARD INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE—MODIFIED NET 
 AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION 
 

 
 1. Basic Provisions (“Basic Provisions”). 
 1.1 Parties: This Lease (“Lease”), dated or reference purposes only, September 15, 1999, is made by and between Columbia
Investors, LLC (“Lessor”) and SenoRx, Inc. (“Lessee”), (collectively the “Parties,” or individually a “Party”). 
 1.2(a) Premises: That certain portion of the Building, including all improvements therein or to be provided by Lessor under the terms of this
Lease, commonly known by the street address of 11 Columbia, Suite ‘A’, located in the City of Aliso Viejo, County of Orange, State of California, with zip code 92656, as outlined on Exhibit A attached hereto (“Premises”).
The “Building” is that certain building containing the Premises and generally described as (describe briefly the nature of the Building): The Premises consist of approximately 10,504 square feet of the Building which is an
office/R&D building totalling approximately 19,996 square feet. In addition to Lessee’s rights to use and occupy the Premises as hereinafter specified, Lessee shall have non-exclusive rights to the Common Areas (as defined in Paragraph 2.7
below) as hereinafter specified, but shall not have any rights to the roof, exterior walls or utility raceways of the Building or to any other buildings in the Industrial Center. The Premises, the Building, the Common Areas, the land upon which they
are located, along with all other buildings and improvements thereon, are herein collectively referred to as the “Industrial Center.” (Also see Paragraph 2.) 
 1.2(b) Parking: Thirty-Nine (39) unreserved vehicle parking spaces (“Unreserved Parking Spaces”); and Zero reserved vehicle
parking spaces (“Reserved Parking Spaces”). (Also see Paragraph 2.6.) 
 1.3 Term: Five (5) years and No
(0) months (“Original Term”) commencing January 1, 2000 (“Commencement Date”) and ending December 31, 2004 (“Expiration Date”). (Also see Paragraph 3.) 
 1.4 Early Possession: December 1, 1999 (“Early Possession Date”). (Also see Paragraphs 3.2 and 3.3.) 
 1.5 Base Rent: $13,130.00 per month (“Base Rent”), payable on the First day of each month commencing January 1, 2000 (Also
see Paragraph 4.) 
  

	x	If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum Par 50 attached hereto. 

 1.6(a)  Base Rent Paid Upon Execution: $13,130 as Base Rent for the period January 2000. 
 1.6(b)  Lessee’s Share of Common Area Operating Expenses: 52.61 percent (52.61%) (“Lessee’s Share”) as determined
by 
  

	x	prorata square footage of the Premises as compared to the total square footage of the Building or [    ] other criteria as described in
Addendum                    . 

 1.7 Security Deposit: $15,360 (“Security Deposit”). (Also see Paragraph 5.) 
 1.8
Permitted Use: Office, Engineering and Light Assembly (“Permitted Use”) (Also see Paragraph 6.) 
 1.9 Insuring
Party. Lessor is the “Insuring Party.” (Also see Paragraph 8.) 
 1.10(a)  Real Estate Brokers. The
following real estate broker(s) (collectively, the “Brokers”) and brokerage relationships exist in this transaction and are consented to by the Parties (check applicable boxes): 
  

	x	Voit Commercial Brokerage represents Lessor exclusively (“Lessor’s Broker”); 

  

	x	Grubb & Ellis Company represents Lessee exclusively (“Lessee’s Broker”); or 

  

	 ̈	                                      
   represents both Lessor and Lessee (“Dual Agency”). (Also see Paragraph 15.) 

 1.10(b)
 Payment to Brokers. Upon the execution of this Lease by both Parties. Lessor shall pay to said Broker(s) jointly, or in such separate shares as they may mutually designate in writing, a fee as set forth in a separate written agreement
between Lessor and said Broker(s) (or in the event there is no separate written agreement between Lessor and said Broker(s), the sum of $            ) for brokerage services rendered
by said Broker(s) in connection with this transaction. 
 1.11 Guarantor. The obligations of the Lessee under this Lease are to be
guaranteed
by                                       
                           (“Guarantor”). (Also see Paragraph 37.) 
  

	 	1.12	Addenda and Exhibits. Attached hereto is an Addendum or Addenda consisting of Paragraphs 50 through 51, and Exhibits A through B, and a second Addendum to the Lease all of which constitute a part of this Lease. 

 2. Premises, Parking and Common Areas. 
 2.1 Letting. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms, covenants and conditions set forth in this Lease. Unless otherwise provided
herein, any statement of square footage set forth in this Lease, or that may have been used in calculating rental and/or Common Area Operating Expenses, is an approximation which Lessor and Lessee agree is reasonable and the rental and Lessee’s
Share (as defined in Paragraph 1.6(b)) based thereon is not subject to revision whether or not the actual square footage is more or loss. 
 2.2 Condition. Lessor shall deliver the Premises to Lessee clean and free of debris on the Commencement Date and warrants to Lessee that the existing plumbing, electrical systems, fire sprinkler system, lighting, air conditioning and
heating systems improvements and loading doors, if any, in the Premises, other than those constructed by Lessee, shall be in good operating condition and the roof shall be in good condition and water tight on the Commencement Date. If a
non-compliance with said warranty exists as of the Commencement Date, Lessor shall, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee selling forth with specificity the nature and extent of such
non-compliance, rectify same at Lessor’s expense. If Lessee does not give Lessor written notice of a non-compliance with this warranty within sixty (60) days after the Commencement Date, correction of that non-compliance shall be the obligation
of Lessee at Lessee’s sole cost and expense. 
 2.3 Compliance with Covenants, Restrictions and Building Code. Lessor warrants
that any improvements (other than those constructed by Lessee or at Lessee’s direction) on or in the Premises which have been constructed or installed by Lessor or with Lessor’s consent or at Lessor’s direction shall comply with all
applicable covenants or restrictions of record and applicable building codes, regulations and ordinances in effect on the Commencement Date. Lessor further warrants to Lessee that Lessor has no knowledge of any claim having been made by any
governmental agency that a violation or violations of applicable building codes, regulations, or ordinances exist with regard to the Premises as of the Commencement Date. Said warranties shall not apply to any Alterations or Utility Installations
(defined in Paragraph 7.3(a)) made or to be made by Lessee. If the Premises do not comply with said warranties, Lessor shall, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee given within six
(6) months following the Commencement Date and setting forth with specificity the nature and extent of such non-compliance, take such action, at Lessor’s expense, as may be reasonable or appropriate to rectify the non-comappliance. Lessor
makes no warranty that the Permitted Use in Paragraph 1.8 is permitted for the Premises under Applicable Laws (as defined in Paragraph 2.1). 
 2.4 Acceptance of Premises. Lessee hereby acknowledges: (a) that it has been advised by the Broker(s) to satisfy itself with respect to the condition of the Premises (including but not limited to the electrical and fire sprinkler
systems, security, environmental aspects, seismic and earthquake requirements, and compliance with the Americans with Disabilities Act and applicable zoning, municipal, county, state and federal laws, ordinances and regulations and any covenants or
restrictions of record (collectively, “Applicable Laws”) and the present and future suitability of the Premises for Lessee’s intended use; (b) that Lessee has made such investigation as it deems necessary with reference to
such matters, is satisfied with reference thereto, and assumes all responsibility therefore as the same relate to Lessee’s occupancy of the Premises and/or the terms of this Lease; and (c) that neither Lesser, nor any of Lessor’s
agents, has made any oral or written representations or warranties with respect to said matters other than as set forth in this Lease. 
 2.5 Lessee as Prior Owner/Occupant. The warranties made by Lessor in this Paragraph 2 shall be of no force or effect if immediately prior to the date set forth in Paragraph 1.1 Lessee was the owner or occupant of the Premises. In
such event, Lessee shall, at Lessee’s sole cost and expense, correct any non-compliance of the Premises with said warranties. 
  

							
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	© American Industrial Real Estate Association 1993	  	MULTI-TENANT—MODIFIED NET	  		  	            LM            

 2.6 Vehicle Parking. Lessee shall be entitled to use the number of Unreserved Parking Spaces and
Reserved Parking Spaces specified in Paragraph 1.2(b) on those portions of the Common Areas designated from time to time by Lessor for parking. Lessee shall not use more parking spaces than said number. Said parking spaces shall be used for parking
by vehicles no larger than full-size passenger automobiles or pick-up trucks, herein called “Permitted Size Vehicles.” Vehicles other than Permitted Size Vehicles shall be parked and loaded or unloaded as directed by Lessor in the
Rules and Regulations (as defined in Paragraph 40) issued by Lessor. (Also see Paragraph 2.9.) 
 (a) Lessee shall not permit
or allow any vehicles that belong to or are controlled by Lessee or Lessee’s employees, suppliers, shippers, customers, contractors or invitees to be loaded, unloaded, or parked in areas other than those designated by Lessor for such
activities. 
 (b) If Lessee permits or allows any of the prohibited activities described in this Paragraph 2.6, then
Lessor shall have the right upon reasonable notice, in addition to such other rights and remedies that it may have to remove or tow away the vehicle involved and charge the cost to Lessee, which cost shall be immediately payable upon demand by
Lessor. 
 (c) Lessor shall at the Commencement Date of this Lease, provide the parking facilities required by Applicable Law.

 2.7 Common Arena - Definition. The term “Common Areas” is defined as all areas and facilities
outside the Premises and within the exterior bound boundary line of the Industrial Center and interior utility raceways within the Premises that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor,
Lessee and other lessees of the Industrial Center and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways,
driveways and landscaped areas. 
 2.8 Common Areas - Lessee’s Rights. Lessor hereby grants to Lessee, for the benefit of Lessee
and its employees, suppliers, shippers, contractors, customers and invitees, during the term of this Lease, the non-exclusive rights to use, in common with others entitled to such use, the Common Areas as they exist from time to time, subject to any
rights, powers, and privileges reserved by Lessor under the terms hereof or under the terms of any rules and regulations or restrictions governing the use of the Industrial Center. Under no circumstances shall the right herein granted to use the
Common Areas be deemed to include the right to store any property, temporarily or permanently, in the Common Areas. Any such storage shall be permitted only by the prior written consent of Lessor or Lessor’s designated agent, which consent may
be revoked at any time. In the event, that any unauthorized storage shall occur then Lessor shall have the right upon reasonable notice, in addition to such other rights and remedies that if may have, to remove the property and charge the cost to
Lessee, which cost shall be immediately payable upon demand by Lessor. 
 2.9 Common Areas - Rules and Regulations. Lessor or such
other person(s) as Lessor may appoint shall have the exclusive control and management of the Common Areas and shall have the right, from time to time, to establish, modify, amend and enforce reasonable Rules and Regulations with respect thereto in
accordance with Paragraph 40. Lessee agrees to abide by and conform to all such Rules and Regulations, and to cause its employees, suppliers, shippers, customers, contractors and invitees to so abide and conform. Lessor shall not be responsible to
Lessee for the non-compliance with said rules and regulations by other lessees of the Industrial Center. 
 2.10 Common Areas -
Changes. Lessor shall have the right, in Lessor’s sole discretion from time to time: 
 (a) To make changes to the
Common Areas, including, without limitation, changes in the location, size, shape and number of driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas, walkways and
utility raceways; 
 (b) To close temporarily any of the Common Areas for maintenance purposes so long as reasonable access to
the Premises remains available; 
 (c) 
 (d) To add additional buildings and improvements to the Common Areas; 
 (e) To use the Common Areas while engaged in making additional improvements, repairs or alterations to the Industrial Center, or any
portion thereof; and 
 (f) To do and perform such other acts and make such other changes in, to or with respect to the Common
Areas and Industrial Center as Lessor may, in the exercise of sound business judgment, deem to be appropriate. 
 3. Term. 
 3.1 Term. The Commencement Date, Expiration Date and Original Term of this Lease are as specified in Paragraph 1.3. 
 3.2 Early Possession. If an Early Possession Date is specified in Paragraph 1.4 and if Lessee totally or partially occupies the Premises after the
Early Possession Date but prior to the Commencement Date, the obligation to pay Base Rent shall be abated for the period of such early occupancy. All other terms of this Lease, however, See Paragraph 52 and to carry the insurance required by
Paragraph 8) shall be in effect during such period. Any such early possession shall not affect nor advance the Expiration Date of the Original Term. 
 3.3 Delay in Possession. If for any reason Lessor cannot deliver possession of the Premises to Lessee by the Early Possession Date, if one is specified in Paragraph 1.4, or if no Early Possession Date is
specified, by the Commencement Date, Lessor shall not be subject to any liability therefor, nor shall such failure affect the validity of this Lease, or the obligations of Lessee hereunder; or extend the term hereof, but in such case, Lessee shall
not, except as otherwise provided herein, be obligated to pay rent or perform any other obligation of Lessee under the terms of this Lease until Lessor delivers possession of the Premises to Lessee. If possession of the Premises is not delivered to
Lessee within sixty (60) days after the Commencement Date, Lessee may, at its option, by notice in writing to Lessor within ten (10) days after the end of said sixty (60) day period, cancel this Lease, in which event the parties shall
be discharged from all obligations hereunder; provided further, however, that if such written notice of Lessee is not received by Lessor within said ten (10) day period, Lessee’s right to cancel this Lease hereunder shall terminate and be
of no further force or effect. Except as may be otherwise provided, and regardless of when the Original Term actually commences, if possession is not tendered to Lessee when required by this Lease and Lessee does not terminate this Lease, as
aforesaid, the period free of the obligation to pay Base Rent, if any, that Lessee would otherwise have enjoyed shall run from the date of delivery of possession and continue for a period equal to the period during which the Lessee would have
otherwise enjoyed under the terms hereof, but minus any days of delay caused by the acts, changes or omissions of Lessee. 
 4. Rent. 
 4.1 Base Rent. Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of
the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be
prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time
designate in writing to Lessee. 
 4.2 Common Area Operating Expenses. Lessee shall pay to Lessor during the term hereof, in addition
to the Base Rent, Lessee’s Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions: 
 (a) “Common Area Operating Expenses” are defined, for purposes of this Lease, as all costs incurred by Lessor relating to
the ownership and operation of the Industrial Center, including, but not limited to, the following: 
 (i) The operation,
repair and maintenance, in neat, clean, good order and condition, of the following: 
 (aa) The Common Areas, including
parking areas, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, driveways, landscaped areas, striping, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators and roof. 

(bb) Exterior signs and any tenant directories. 
 (cc) Fire detection and sprinkler systems. 
 (ii) The cost of water, gas, electricity and telephone to service the Common Areas. 
 (iii)
Trash disposal, property management and security services and the costs of any environmental inspections. 
 (iv) Reserves set aside for maintenance and repair of Common Areas. 
 (v) Real Property Taxes (as defined in
Paragraph 10.2) to be paid by Lessor for the Building and the Common Areas under Paragraph 10 hereof. 
 (vi) The cost of the
premiums for the insurance policies maintained by Lessor under Paragraph 8 hereof. 
 (vii) Any deductible portion of an
insured loss concerning the Building or the Common Areas. 
 (viii) Any other services to be provided by Lessor that are
stated elsewhere in this Lease to be a Common Area Operating Expense. 
 (b) Any Common Area Operating Expenses and Real
Property Taxes that are specifically attributable to the Building or to any other building in the Industrial Center or to the operation, repair and maintenance thereof, shall be allocated entirely to the Building or to such other building. However,
any Common Area Operating Expenses and Real Property Taxes that are not specifically attributable to the Building or to any other building or to the operation, repair and maintenance thereof, shall be equitably allocated by Lessor to all buildings
in the Industrial Center. 
 (c) The inclusion of the improvements, facilities and services set forth in Subparagraph 4.2(a)
shall not be deemed to impose an obligation upon Lessor to either have said improvements or facilities or to provide those services unless the Industrial Center already has the same, Lessor already provides the services, or Lessor has agreed
elsewhere in this Lease to provide the same or some of them. 
 (d) Lessee’s Share of Common Area Operating Expenses
shall be payable by Lessee within fifteen (15) days after a reasonably detailed statement of actual expenses is presented to Lessee by Lessor. At Lessor’s option, however, an amount may be estimated by Lessor from time to time of
Lessee’s Share of annual Common Area Operating Expenses and the same shall be payable monthly or quarterly, as Lessor shall designate, during each 12-month period of the Lease term, on the same day as the Base Rent is due hereunder. Lessor
shall deliver to Lessee within sixty (60) days after the expiration of each calendar year a reasonably detailed statement showing Lessee’s Share of the actual Common Area Operating Expenses incurred during the preceding year. If
Lessee’s payments under this Paragraph 4.2(d) during said preceding year exceed Lessee’s Share as indicated on said statement. Lessee shall be credited the amount of such over- 

  

							
	MULTI-TENANT—MODIFIED NET	  	        —2—	  	Initials:	  	            PF            
	© American Industrial Real Estate Association 1993	  		  	            LM            

 
payment against rent next becoming due. If Lessee’s payments under this Paragraph 4.2(d) during said preceding year were less than Lessee’s Share
as indicated on said statement, Lessee shall pay Lessor the amount of the deficiency within thirty (30) days after delivery by Lessor to Lessee of said statement. 
 5. Security Deposit. Lessee shall deposit with Lessor upon Lessee’s execution hereof the Security Deposit set forth in Paragraph 1.7 as security Lessee’s faithful performance of Lessee’s obligations under this Lease.
If Lessee fails pay Base Rent or other rent or charges due hereunder, or otherwise Defaults under this Lease (as defined in Paragraph 13.1), Lessor may use, apply or retain all or any portion of said Security Deposit for the payment of any amount
due Lessor or to reimburse or compensate Lessor for any liability, cost, expense, loss or damage (including attorneys’ fees) which Lessor may suffer or incur by reason thereof. If Lessor uses or applies all or any portion of said Security
Deposit. Lessee shall within ten (10) days after written request therefore deposit monies with Lessor sufficient to restore said Security Deposit to the full amount required by this Lease. Lessor shall not be required to keep all or any part of the
Security Deposit separate from its general accounts. Lessor shall, at the expiration or earlier termination of the term hereof and after Lessee has vacated the Promises, return to Lessee (or, at Lessor’s option, to the last assignee, if any, of
Lessee’s interest herein), that portion of the Security Deposit not used or applied by Lessor. Unless otherwise expressly agreed in writing by Lessor, no part of the Security Deposit shall be considered to be held in trust, to bear interest or
other increment for its use, or to be prepayment for any monies be paid by Lessee under this Lease. 
 6. Use. 
 6.1 Permitted Use. 
 (a) Lessee shall use and occupy the Premises only for the Permitted Use set forth in Paragraph 1.8, or any other legal use which is reasonably comparable there to, and for no other purpose. Lessee shall not use or permit the use of the
Premises in a manner that is unlawful, creates waste or a nuisance, or that disturbs owners and/or occupants of, or causes damage to the Premises or neighboring premises or properties. 
 (b) Lessor hereby agrees to not unreasonably withhold or delay its consent to any written request by Lessee, Lessee’s assignees or
subtenants, and by prospective assignees and subtenants of Lessee, its assignees and subtenants, for a modification of said Permitted Use, so long as the same will not impair the structural integrity of the improvements on the Premises or in the
Building or the mechanical or electrical systems therein, does not conflict with uses by other lessees, is not significantly more burdensome to the Premises or the Building and the improvements thereon, and is otherwise permissible pursuant to this
Paragraph 6. If Lessor elects withhold such consent, Lessor shall within five (5) business days after such request give a written notification of same, which notice shall include an explanation of Lessor’s reasonable objections the change in
use. 
 6.2 Hazardous Substances. 
 (a) Reportable Uses Require Consent. The term “Hazardous Substance” as used in this Lease shall mean any product, substance, chemical, material or waste whose presence, nature, quantity and/or
intensity of existence, use, manufacture, disposal, transportation, spill, release or effect, either by itself or in combination with other materials expected to be on the Premises, is either: (i) potentially injurious to the public health, safety
or welfare, the environment, or the Premises; (ii) regulated or monitored by any governmental authority; or (iii) a basis for potential liability of Lessor to any governmental agency or third party under any applicable statute or common law theory.
Hazardous Substance shall include, but not be limited to, hydrocarbons, petroleum, gasoline, crude oil or any products or by-products thereof. Lessee shall not engage in any activity in or about the Premises which constitutes a Reportable Use (as
hereinafter defined) of Hazardous Substances without the express prior written consent of Lessor and compliance in a timely manner (at Lessee’s sole cost and expense) with all Applicable Requirements (as defined in Paragraph 6.3).
“Reportable Use” shall mean (i) the installation or use of any above or below ground storage tank, (ii) the generation, possession, storage, use, transportation, or disposal of a Hazardous Substance that requires a permit from, or
with respect which a report, notice, registration or business plan is required to be filed with, any governmental authority, and (iii) the presence in, on or about the Premises of a Hazardous Substance with respect to which any Applicable Laws
require that a notice be given to persons entering or occupying the Premises or neighboring properties. Notwithstanding the foregoing, Lessee may, without Lessor’s prior consent, but upon notice to Lessor and in compliance with all Applicable
Requirements, use any ordinary and customary materials reasonably required to be used by Lessee in the normal course of the Permitted Use, so long as such use is not a Reportable Use and does not expose the Premises or neighboring properties to any
meaningful risk of contamination or damage or expose Lessor to any liability therefor. In addition, Lessor may (but without any obligation to do so) condition its consent to any Reportable Use of any Hazardous Substance by Lessee upon Lessee’s
giving Lessor such additional assurances as Lessor, in its reasonable discretion, deems necessary to protect itself, the public, the Premises and the environment against damage, contamination or injury and/or liability therefor, including but not
limited to the installation (and, at Lessor’s option, removal on or before Lease expiration or earlier termination) of reasonably necessary protective modifications to the Premises (such as concrete encasements) and/or the deposit of an
additional Security Deposit under Paragraph 5 hereof. 
 (b) Duly to Inform Lessor. If Lessee knows, that a Hazardous
Substance has come to be located in, on, under or about the Premises or the Building due to Lessee other than as previously consented by Lessor, Lessee shall immediately give Lessor written notice hereof, together with a copy of any statement,
report, notice, registration, application, permit, business plan, license, claim, action, or proceeding given to, or received from, any governmental authority or private party concerning the presence, spill, release, discharge of, or exposure to,
such Hazardous Substance including but not limited to all such documents as may be involved in any Reportable Use involving the Premises. Lessee shall not release or spill any Hazardous Substance in, on, under or about the Premises (including,
without limitation, through the plumbing or sanitary sewer system). 
 (c) Indemnification. Lessee shall
indemnify; protect, defend and hold Lessor, its agents, employees, lenders and ground lessor, if any, and the Premises, harmless from and against any and all damages, liabilities, judgments, costs, claims, liens, expenses, penalties, loss of permits
and attorneys’ and consultants’ fees arising out of or involving any Hazardous Substance brought onto the Premises by or for Lessee or by anyone under Lessee’s control. Lessee’s obligations under this Paragraph 6.2(c) shall
include, but not be limited to, the effects of any contamination or injury to person, property or the environment created or suffered by Lessee, and the cost of investigation (including consultants’ and attorneys’ fees and testing),
removal, remediation, restoration and/or abatement thereof, or of any contamination therein involved, and shall survive the expiration or earlier termination of this Lease, No termination, cancellation or release agreement entered into by Lessor and
Lessee shall release Lessee from its obligations under this Lease with respect Hazardous Substances, unless specifically so agreed by Lessor in writing at the time of such agreement. 
 6.3 Lessee’s Compliance with Requirements. Lesser shall, at Lessee’s role cost and expense, fully, diligently and in a
timely manner, comply with all “Applicable Requirements,” which term is used in this Lease mean all laws, rules, regulations, ordinances, directives, covenants, easements and restrictions of record, permits, the requirements of any
applicable fire insurance underwriter or rating bureau, relating in any manner the Premises (including but not limited to matters pertaining to (i) industrial hygiene, (ii) environmental conditions on, in, under or about the Premises,
including soil and groundwater conditions, and (iii) the use, generation, manufacture, production, installation, maintenance, removal, transportation, storage, spill, or release of any Hazardous Substance by Lessee now in effect or which may
hereafter come into effect. Lessee shall, within five (5) days after receipt of Lessor’s written request, provide Lessor with copies of all documents and information, including but not limited permits, registrations, manifests,
applications, reports and certificates, evidencing Lessee’s compliance with any Applicable Requirements specified by Lessor, and shall immediately upon receipt, notify Lessor in writing (with copies of any documents involved) of any threatened
or actual claim, notice, citation, warning, complaint or report pertaining or involving failure by Lessee or the Premises to comply with any Applicable Requirements. 
 6.4 Inspection; Compliance with Law. Lessor, Lessor’s agents, employees, contractors and designated representatives, and the holders of any mortgages, deeds of trust or ground leases on the Premises
(“Lenders”) shall have the right to enter the Premises at any time in the case of an emergency, and otherwise at reasonable times, for the purpose of inspecting the condition of the Premises and for verifying compliance by Lessee
with this Lease and all Applicable requirements (as defined in Paragraph 6.3), and Lessor shall be entitled employ experts and/or consultants in connection therewith to advise Lessor with respect to Lessee’s activities, including but not
limited Lessee’s installation, operation, use, monitoring, maintenance, or removal of any Hazardous Substance on or from the Premises: The costs and expenses of any such inspections shall be paid by the party requesting same, unless a Default
or Breach of this Lease by Lessee or a violation of Applicable Requirements or a contamination, caused or materially contributed to by Lessee, is found to exist or be imminent, or unless the inspection is requested or ordered by a governmental
authority as the result of any such existing or imminent violation or contamination. In such case, Lessee shall upon request reimburse Lessor or Lessor’s Lender, as the case may be, for the costs and expenses of such inspections. 
 7. Maintenance, Repairs, Utility Installations, Trade Fixtures and Alterations. 
 7.1 Lessee’s Obligations. 
 (a) Subject to the provisions of Paragraphs 2.2
(Condition), 2.3 (Compliance with Covenants, Restrictions and Building Code), 7.2 (Lessor’s Obligations), 9 (Damage or Destruction), and 14 (Condemnation), Lessee shall, at Lessee’s sole cost and expense and at all times, keep the Premises
and every part thereof in good order, condition and repair (whether or not such portion of the Premises requiring repair, or the means of repairing the same, are reasonably or readily accessible to Lessee, and whether or not the need for such
repairs occurs as a result of Lessee’s use, any prior use, the elements or, the age of such portion of the Premises), including, without limiting the generality of the foregoing, all equipment or facilities specifically serving the Premises,
such as plumbing, heating, air conditioning, ventilating, electrical, lighting facilities, boilers, fired or unfired pressure vessels, fire hose connections if within the Premises, fixtures, interior walls, interior surfaces of exterior walls,
ceilings, floors, windows, doors, plate glass, and skylights, but excluding any item which are the responsibility of Lessor pursuant to Paragraph 7.2 below. Lessee, in keeping the Premises in good order, condition and repair, shall exercise and
perform good maintenance practices. Lessee’s obligations shall include restoration, replacements or renewals when necessary to keep the Premises and all improvements thereon or a part thereof in good order, condition and state of repair.

 (b) Lessee shall, at Lessee’s role cost and expense, procure and maintain a contract, with copies to Lessor, in
customary form and substance for and with a contractor specializing and experienced in the inspection, maintenance and service of the heating, air conditioning and ventilation system for the Premises. However, Lessor reserves the right, upon notice
Lessee, to procure and maintain the contract for the heating, air conditioning and ventilating systems, and if Lessor so elects, Lessee shall reimburse Lessor, upon demand, for the cost thereof. 
 (c) If Lessee breaches Lessee’s obligations under this Paragraph 7.1, Lessor may enter upon the Premises after ten
(10) days’ prior written notice to Lessee (except in the case of an emergency, in which case no notice shall be required), perform such obligations on Lessee’s behalf, and put the premises in good order, condition and repair, in
accordance with Paragraph 13.2 below. 
 7.2 Lessor’s Obligations. Subject to the provisions of Paragraphs 2.2 (Condition), 2.3
(Compliance with Covenants, Restrictions and Building Code), 4.2 (Common Area Operating Expenses), 6 (Use), 7.1 (Lessee’s Obligations), 9 (Damage or Destruction) and 14 (Condemnation), Lessor, subject reimbursement pursuant to Paragraph 4.2,
shall keep in good order, condition and repair the foundations, exterior walls, structural condition of interior bearing walls, exterior roof, fire, sprinkler and/or standpipe and hose (if located in the Common Areas) or other automatic fire
extinguishing system including fire alarm and/or smoke 

  

							
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detection systems and equipment, fire hydrants, parking lots, walkways, parkways, driveways, landscaping, fences, signs and utility systems serving the
Common Areas and all parts thereof, as well as providing the services for which there is a Common Area Operating Expense pursuant to Paragraph 4.2. Lessor shall not be obligated to paint the exterior or interior surfaces of exterior walls nor shall
Lessor be obligated to maintain, repair or replace windows, doors or plate glass of the Premises. Lessee expressly waives the benefit of any statute now or hereafter in effect which would otherwise afford Lessee the right to make repairs at
Lessor’s expense or to terminate this Lease because of Lessor’s failure to keep the Building, Industrial Center or Common Areas in good order, condition and repair. 
 7.3 Utility Installations, Trade Fixtures, Alterations. 
 (a) Definitions; Consent Required. The term “Utility Installations” is used in this Lease to refer to all
air lines, power panels, electrical distribution, security, fire protection systems, communications systems, lighting fixtures, heating, ventilating and air conditioning equipment, plumbing, and fencing in, on or about the Premises. The term
“Trade Fixtures” shall mean Lessee’s machinery and equipment which can be removed without doing material damage to the Premises. The term “Alterations” shall mean any modification of the improvements on the
Premises which are provided by Lessor under the terms of this Lease, other than Utility Installations or Trade Fixtures. “Lessee-Owned Alterations and/or Utility Installations” are defined as Alterations and/or Utility Installations
made by Lessee that are not yet owned by Lessor pursuant to Paragraph 7.4(a). Lessee shall not make nor cause to be made any Alterations or Utility Installations in, on, under or about the Premises without Lessor’s prior written consent Lessee may, however, make non-structural Utility Installations and alterations to the interior of the Premises
(excluding the roof) without Lessor’s consent but upon notice to Lessor, so long as they are not visible from the outside of the Premises, do not involve puncturing, relocating or removing the roof or any existing walls, or changing or
interfering with the fire sprinkler or fire detection systems and the cumulative cost thereof during the term of this Lease as extended does not exceed $10,000.00. 
 (b) Consent. Any Alterations or Utility Installations that Lessee shall desire to make and which require the consent of the
Lessor shall be presented to Lessor in written form with detailed plans. All consents given by Lessor, whether by virtue of Paragraph 7.3(a) or by subsequent specific consent, shall be deemed conditioned upon: (i) Lessee’s acquiring all
applicable permits required by governmental authorities; (ii) the furnishing of copies of such permits together or with a copy of the plans and specifications for the Alteration or Utility Installation to Lessor prior to commencement of the
work thereon; and (iii) the compliance by Lessee with all conditions of said permits in a prompt and expeditious manner. Any Alterations or Utility Installations by Lessee during the term of this Lease shall be done in a good and workmanlike
manner, with good and sufficient materials, and be in compliance with all Applicable Requirements. Lessee shall promptly upon completion thereof furnish Lessor with as-built plans and specifications therefor. Lessor may, (but without obligation to
do so) condition its consent to any requested Alteration or Utility Installation that costs $50,000.00 or more upon Lessee’s providing Lessor with a lien and completion bond in an amount equal to one and one-half times the estimated cost of
such Alteration or Utility Installation. 
 (c) Lien Protection. Lessee shall pay when due all claims for labor or
materials furnished or alleged to have been furnished to or for Lessee at or for use on the Premises, which claims are or may be secured by any mechanic’s or materialmen’s lien against the Premises or any interest therein, Lessee shall
give Lessor not less than ten (10) days’ notice prior to the commencement of any work in, on, or about the Premises, and Lessor shall have the right to post notices of non-responsibility in or on the Premises as provided by law. If Lessee
shall, in good faith, contest the validity of any such lien, claim or demand, then Lessee shall, at its sole expense, defend and protect itself. Lessor and the Premises against the same and shall pay and satisfy any such adverse judgment that may be
rendered thereon before the enforcement thereof against the Lessor or the Premises, If Lessor shall require, Lessee shall furnish to Lessor a surety bond satisfactory to Lessor in an amount equal to one and one-half times the amount of such
contested lien claim or demand, indemnifying Lessor against liability for the same, as required by law for the holding of the Premises free from the effect of such lien or claim. In addition, Lessor may require Lessee to pay Lessor’s
attorneys’ fees and costs in participating in such action if Lessor shall decide it is to its best interest to do so. 
 7.4
Ownership, Removal, Surrender, and Restoration. 
 (a) Ownership. Subject to Lessor’s right to require their
removal and to cause Lessee to become the owner thereof as hereinafter provided in this Paragraph 7.4, all Alterations and Utility Installations made to the Premises by Lessee shall be the property of and owned by Lessee, but considered a part of
the Premises. Lessor may, at any time and at its option, elect in writing to Lessee to be the owner of all or any specified part of the Lessee-Owned Alterations and Utility Installations. Unless otherwise instructed per Subparagraph 7.4(b) hereof,
all Lessee-Owned Alterations and Utility Installations shall, at the expiration or earlier termination of this Lease, become the property of Lessor and remain upon the Premises and be surrendered with the Premises by Lessee. 
 (b) Removal. Unless otherwise agreed in writing, Lessor may require that any or all Lessee-Owned Alterations or Utility
Installations be removed by the expiration or earlier termination of this Lease, notwithstanding that their installation may have been consented to by Lessor. Lessor may require the removal at any time of all or any part of any Alterations or
Utility Installations made without the required consent of Lessor. 
 (c) Surrender/Restoration. Lessee shall surrender
the Premises by the end of the last day of the Lease term or any earlier termination date, clean and free of debris and in good operating order, condition and state of repair, ordinary wear and tear excepted. Ordinary wear and tear shall not include
any damage or deterioration that would have been prevented by good maintenance practice or by Lessee performing all of its obligations under this Lease. Except as otherwise agreed or specified herein, the Premises, as surrendered, shall include the
Alterations and Utility Installations. The obligation of Lessee shall include the repair of any damage occasioned by the installation maintenance or removal of Lessee’s Trade Fixtures, furnishings, equipment, and Lessee-Owned Alterations and
Utility Installations, as well as the removal of any storage tank installed by or for Lessee, and the removal, replacement, or remediation of any soil, material or ground water contaminated by Lessee, all as may then be required by Applicable
Requirements and/or good practice. Lessee’s Trade Fixtures shall remain the property of Lessee and shall be removed by Lessee subject to its obligation to repair and restore the Premises per this Lease. 
 8. Insurance; Indemnity. 
 8.1
Payment of Premiums. The cost of the premiums for the insurance policies maintained by Lessor under this Paragraph 8 shall be a Common Area Operating Expense pursuant to Paragraph 4.2 hereof. Premiums for policy periods commencing prior to, or
extending beyond, the term of this Lease shall be prorated to coincide with the corresponding Commencement Date or Expiration Date. 
 8.2 Liability Insurance. 
 (a) Carried by Lessee. Lessee shall obtain and keep in force during
the term of this Lease a Commercial General Liability policy of insurance protecting Lessee, Lessor and any Lender(s) whose names have been provided to Lessee in writing (as additional insureds) against claims for bodily injury, personal injury and
property damage based upon, involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not
less than $1,000,000 per occurrence. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed under this Lease as an “Insured contract”
for the performance of Lessee’s indemnity obligations under this Lease. The limits of said insurance required by this Lease or as carried by Lessor shall not, however, limit the liability of Lessee nor relieve Lessor of any obligation
hereunder. All insurance to be carried by Lessee shall be primary to and not contributory with any similar insurance carried by Lessor, whose insurance shall be considered excess insurance only. 
 (b) Carried by Lessor. Lessor shall also maintain liability insurance described in Paragraph 8.2(a) above, in addition to and not
in lieu of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured herein. 
 8.3 Property
Insurance-Building, Improvements and Rental Value. 
 (a) Building and Improvements. Lessor shall obtain and keep
in force during the term of this Lease a policy or policies in the name of Lessor, with loss payable to Lessor and to any Lender(s), insuring against loss or damage to the Building. Such insurance shall be for full replacement cost, as the same
shall exist from time to time. Lessee-Owned Alterations and Utility Installations, Trade Fixtures and Lessee’s personal property shall be insured by Lessee, pursuant to Paragraph 8.4. If Lessor’s policy or policies shall insure against all
risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of
any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Building required to be demolished or removed by reason of the enforcement of any building, zoning, safety or land use laws as the result of a covered
loss, but not including plate glass insurance. Said policy or policies shall also contain an agreed valuation provision in lieu of any co-insurance clause; waiver of subrogation, and inflation guard protection causing an increase in the annual
property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. 
 (b) Rental Value. Lessor shall also obtain and keep in force during the term of this Lease a policy or policies in the name of
Lessor, with loss payable to Lessor and any Lender(s), insuring the loss of the full rental and other charges payable by all lessees of the Building to Lessor for one year (including all Real Property, Taxes, insurance costs, all Common Area
Operating Expenses and any scheduled rental increases). Said insurance may provide that in the event the Lease is terminated by reason of an insured loss, the period of indemnity for such coverage shall be extended beyond the date of the completion
of repairs or replacement of the Premises, to provide for one full year’s loss of rental revenues from the date of any such loss. Said insurance shall contain an agreed valuation provision in lieu of any co-insurance clause, and the amount of
coverage shall be adjusted annually to reflect the projected rental income, Real Property Taxes, insurance premium costs and other expenses if any otherwise payable, for the next 12-month period. Common Area Operating Expenses shall include any
deductible amount in the event of such loss. 
 (c) Adjacent Premises. Lessor shall pay for any increase in the
premiums for the property insurance of the Building and for the Common Areas or other buildings in the Industrial Center if said increase is caused by Lessee’s acts, omissions, use or occupancy of the Premises. 
 (d) Lessee’s Improvements. Since Lessor is the Insuring Party, Lessor shall not be required to insure Lessee-Owned Alterations
and Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease. 
 8.4
Lessee’s Property Insurance. Subject to the requirements of Paragraph 8.5, Lessee at its cost shall either by separate policy or, at Lessor’s option, by endorsement to a policy already carried; maintain insurance coverage on all of
Lessee’s personal property, Trade Fixtures and Lessor-Owned Alterations and Utility Installations in, on, or about the Premises similar in coverage to that carried by Lessor as the Insuring Party under Paragraph 8.3(a). Such insurance shall be
full replacement cost coverage with a deductible not to exceed $1,000 per occurrence. The proceeds from any such insurance shall be used by Lessee for the replacement of personal property and the restoration of Trade Fixtures and Lessee-Owned
Alterations and Utility Installations. Upon request from Lessor, Lessee shall provide Lessor with written evidence that such insurance is in force. 
 8.5 Insurance Policies. Insurance required hereunder shall be in companies duly licensed to transact business in the state where the Premises are located, and maintaining during the policy term a “General Policyholders
Rating” of at least B+, V, or such other rating as may be required by a Lender as set forth in the most current issue of “Best’s Insurance Guide.” Lessee shall not do or permit to be done anything which shall invalidate the
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this Paragraph 8. Lessee shall cause to be delivered to Lessor, within seven (7) days after the earlier of the Early Possession Date or the Commencement
Date, certified copies of, or certificates evidencing the existence and amounts of, the insurance required under Paragraph 8.2(a) and 8.4. No such policy shall be cancelable or subject to reduction except after thirty (30) days’ prior
written notice to Lessor. Lessee shall at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or “insurance binders” evidencing renewal thereof, or Lessor may order such insurance
and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. 
 8.6 Waiver of
Subrogation. Notwithstanding anything to the contrary in this Lease, Lessee and Lessor each hereby release and relieve the other, and waive their entire right to recover damages (whether in contract or in tort) against the other, for loss or
damage to their property arising out of or incident to the perils required to be insured against under Paragraph 8.3 and 8.4. The effect of such releases and waivers of the right to recover damages shall not be limited by the amount of insurance
carried or required, or by any deductibles applicable thereto. Lessor and Lessee agree to have their respective insurance companies issuing property damage insurance waive any right to subrogation that such companies may have against Lessor or
Lessee, as the case may be, so long as the insurance is not invalidated thereby. 
 8.7 Indemnity. Except for Lessor’s negligence
and/or breach of express warranties, Lessee shall indemnify, protect, defend and hold harmless the Premises, Lessor and its agents, Lessor’s master or ground lessor, partners and Lenders, from and against any and all claims, loss of rents
and/or damages, costs, liens, judgments, penalties, loss of permits, attorneys’ and consultants’ fees, expenses and/or liabilities arising out of, involving, or in connection with, the occupancy of the Premises by Lessee, the conduct of
Lessee’s business, any act, omission or neglect of Lessee, its agents, contractors, employees or invitees, and out of any Default or Breach by Lessee in the performance in a timely manner of any obligation on Lessee’s part to be performed
under this Lease. The foregoing shall include, but not be limited to, the defense or pursuit of any claim or any action or proceeding involved therein, and whether or not (in the case of claims made against Lessor) litigated and/or reduced to
judgment. In case any action or proceeding be brought against Lessor by reason of any of the foregoing matters, Lessee upon notice from Lessor shall defend the same at Lessee’s expense by counsel reasonably satisfactory to Lessor and Lessor
shall cooperate with Lessee in such defense. Lessor need not have first paid any such claim in order to be so indemnified. 
 8.8
Exemption of Lessor from Liability. Lessor shall not be liable for injury or damage to goods, wares, merchandise or other property of Lessee, Lessee’s employees, contractors, invitees, customers, or, any other person in or about the
Premises, whether such damage or injury is caused by or results from fire, steam, electricity, gas, water or rain, or from the breakage, leakage, obstruction other defects of pipes, fire sprinklers, wires, appliances, plumbing, air conditioning or
lighting fixtures, or from any other cause, whether said injury or damage results from conditions arising upon the Premises or upon other portions of the Building of which the Premises are a part, from other sources or places, and regardless of
whether the cause of such damage or injury or the means of repairing the same is accessible or not. Lessor shall not be liable for any damages arising from any act or neglect of any other lessee of Lessor nor from the failure by Lessor to enforce
the provisions of any other lease in the Industrial Center. Notwithstanding Lessor’s negligence or breach of this Lease, Lessor shall under no circumstances be liable for injury to Lessee’s business or for any loss of income or profit
therefrom. 
 9. Damage or Destruction. 
 9.1 Definitions. 
 (a) “Premises Partial Damage” shall mean damage or destruction to the
Premises, other than Lessee-Owned Alterations and Utility Installations, the repair cost of which damage or destruction is less than fifty percent (50%) of the then Replacement Cost (as defined in Paragraph 9.1(d)) of the Premises (excluding
Lessee-Owned Alterations and Utility Installations and Trade Fixtures) immediately prior to such damage or destruction. 
 (b)
“Premises Total Destruction” shall mean damage or destruction to the Premises, other than Lessee-Owned Alterations and Utility Installations, the repair cost of which damage or destruction is fifty percent (50%) or more of the
then Replacement Cost of the Premises (excluding Lessee-Owned Alterations and Utility Installations and Trade Fixtures) immediately prior to such damage or destruction. In addition, damage or destruction to the Building, other than Lessee-Owned
Alterations and Utility Installations and Trade Fixtures of any lessees of the Building, the cost of which damage or destruction is fifty percent (50%) or more of the then Replacement Cost (excluding Lessee-Owned Alterations and Utility
Installations and Trade Fixtures of any lessees of the Building) of the Building shall, at the option of Lessor, be deemed to be Premises Total Destruction. 
 (c) “Insured Loss” shall mean damage or destruction to the Premises, other than Lessee-Owned Alterations and Utility
Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a) irrespective of any deductible amounts or coverage limits involved. 
 (d) “Replacement Cost” shall mean the cost to repair or rebuild the improvements owned by Lessor at the time of the
occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation. 
 (e) “Hazardous Substance Condition” shall mean the occurrence or discovery of a condition involving the presence of, or a
contamination by, a Hazardous Substance as defined in Paragraph 6.2(a), in, on, or under the Premises. 
 9.2 Premises Partial Damage
- Insured Loss. If Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor’s expense, repair such damage (but not Lessee’s Trade Fixtures or Lessee-Owned Alterations and Utility Installations) as
soon as reasonably possible and this Lease shall continue in full force and effect. In the event, however, that there is a shortage of insurance proceeds and such shortage is due to the fact that, by reason of the unique nature of the improvements
in the Premises, full replacement cost insurance coverage was not commercially reasonable and available, Lessor shall have no obligation to pay for the shortage in insurance proceeds or to fully restore the unique aspects of the Premises unless
Lessee provides Lessor with the funds to cover same, or adequate assurance thereof, within ten (10) days following receipt of written notice of such shortage and request therefor. If Lessor receives said funds or adequate assurance thereof
within said ten (10) day period, Lessor shall complete them as soon as reasonably possible and this Lease shall remain in full force and effect. If Lessor does not receive such funds or assurance within said period, Lessor may nevertheless
elect by written notice to Lessee within ten (10) days thereafter to make such restoration and repair as is commercially reasonable with Lessor paying any shortage in proceeds, in which case this Lease shall remain in full force and effect. If
Lessor does not receive such funds or assurance within such ten (10) day period, and if Lessor does not so elect to restore and repair, then this Lease shall terminate sixty (60) days following the occurrence of the damage or destruction.
Unless otherwise agreed, Lessee shall in no event have any right to reimbursement from Lessor for any funds contributed by Lessee to repair any such damage or destruction. Premises Partial Damage due to flood or earthquake shall be subject to
Paragraph 9.3 rather than Paragraph 9.2, notwithstanding that there may be some insurance coverage, but the net proceeds of any such insurance shall be made available for the repairs if made by either Party. 
 9.3 Partial Damage - Uninsured Loss. If Premises Partial Damage that is not an Insured LOSS occurs, unless caused by a
negligent or willful act of Lessee (in which event Lessee shall make the repairs at Lessee’s expense and this Lease shall continue in full force and effect), Lessor may at Lessor’s option, either (i) repair such damage as soon as
reasonably possible at Lessor’s expense, in which event this Lease shall continue in full force and effect, or (ii) give written notice to Lessee within thirty (30) days after receipt by Lessor of knowledge of the occurrence of such
damage of Lessor’s desire to terminate this Lease as of the date sixty (60) days following the date of such notice. In the event Lessor elects to give such notice of Lessor’s intention to terminate this Lease, Lessee shall have the
right within ten (10) days after the receipt of such notice to give written notice to Lessor of Lessee’s commitment to pay for the repair of such damage totally at Lessee’s expense and without reimbursement from Lessor, Lessee shall
provide Lessor with the required funds or satisfactory assurance thereof within thirty (30) days following such commitment from Lessee. In such event this Lease shall continue in full force and effect, and Lessor shall proceed to make such
repairs as soon as reasonably possible after the required funds are available. If Lessee does not give such notice and provide the funds or assurance thereof within the times specified above, this Lease shall terminate as of the date specified in
Lessor’s notice of termination. 
 9.4 Total Destruction. Notwithstanding any other provision hereof, if Premises Total
Destruction occurs (including any destruction required by any authorized public authority), this Lease shall terminate sixty (60) days following the date of such Premises Total Destruction, whether or not the damage or destruction is an Insured
Loss or was caused by a negligent or willful act of Lessee. In the event, however, that the damage or destruction was caused by Lessee, Lessor shall have the right to recover Lessor’s damages from Lessee except as released and waived in
Paragraph 9.7. 
 9.5 Damage Near End of Term. If at any time during the last six (6) months of the term of this Lease there is
damage to the Premises for which the cost to repair exceeds one month’s Base Rent, whether or not an Insured Loss, Lessor may, at Lessor’s option, terminate this Lease effective sixty (60) days following the date of occurrence of such
damage by giving written notice to Lessee of Lessor’s election to do so within thirty (30) days after the date of occurrence of such damage. Provided, however, if Lessee at that time has an exercisable option to extend this Lease or to
purchase the Premises, then Lessee may preserve this Lease by (a) exercising such option, and (b) providing Lessor with any shortage in insurance proceeds (or adequate assurance thereof) needed to make the repairs on or before the earlier
of (i) the date which is ten (10) days after Lessee’s receipt of Lessor’s written notice purporting to terminate this Lease, or (ii) the day prior to the date upon which such option expires. If Lessee duly exercises such
option during such period and provides Lessor with funds (or adequate assurance thereof) to cover any such shortage in insurance proceeds, Lessor shall, at Lessor’s expense repair such damage as soon as reasonably possible and this Lease shall
continue in full force and effect. If Lessee fails to exercise such option and provide such funds or assurance during such period, then this Lease shall terminate as of the date set forth in the first sentence of this Paragraph 9.5. 
 9.6 Abatement of Rent; Lessee’s Remedies. 
 (a) In the event of (i) Premises Partial Damage or (ii) Hazardous Substance Condition for which Lessee is not legally responsible, the Base Rent, Common Area Operating Expenses and other charges, if any,
payable by Lessee hereunder for the period during which such damage or condition, its repair, remediation or restoration continues, shall be abated in proportion to the degree to which Lessee’s use of the Premises is impaired. Except for
abatement of Base Rent, Common Area Operating Expenses and other charges, if any, as aforesaid, all other obligations of Lessee hereunder shall be performed by Lessee, and Lessee shall have no claim against Lessor for any damage suffered by reason
of any such damage, destruction, repair, remediation or restoration. 
 (b) If Lessor shall be obligated to repair or restore
the Premises under the provisions of this Paragraph 9 and shall not commence, in a substantial and meaningful way, the repair or restoration of the Premises within ninety (90) days after such obligation shall accrue, Lessee may, at any time prior to
the commencement of such repair or restoration, give written notice to Lessor and to any Lenders of which Lessee has actual notice of Lessee’s election to terminate this Lease on a date not less than sixty (60) days following the giving of
such notice. If Lessee gives such notice to Lessor and such Lenders and such repair or restoration is not commenced within thirty (30) days after receipt of such notice, this Lease shall terminate as of the date specified in said notice to
Lessor or a lender commences the repair or restoration of the Premises within thirty (30) days after the receipt of such notice, this Lease shall continue in full force and effect. “Commence” as used in this Paragraph 9.6 shall
mean either the unconditional authorization of the preparation of the required plans, or the beginning of the actual work on the Premises, whichever occurs first. 
 9.7 Hazardous Substance Conditions. If a Hazardous Substance Condition occurs, unless Lessee is legally responsible therefor (in which case Lessee shall make the investigation and remediation thereof required
by Applicable Requirements and this Lease shall continue in full force and effect, but subject 

  

							
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to Lessor’s rights under Paragraph 6.2(c) and Paragraph 13), Lessor may at Lessor’s option either (i) investigate and remediate such Hazardous
Substance Condition, if required, as soon as reasonably possible at Lessor’s expense, in which event this Lease shall continue in full force and effect, or (ii) if the estimated cost to investigate and remediate such condition exceeds
twelve (12) times the then monthly Base Rent or $100,000 whichever is greater, give written notice to Lessee within thirty (30) days after receipt by Lessor of knowledge of the occurrence of such Hazardous Substance Condition of
Lessor’s desire to terminate this Lease as of the date sixty (60) days following the date of such notice. In the event Lessor elects to give such notice of Lessor’s intention to terminate this Lease. Lessee shall have the right within
ten (10) days after the receipt of such notice to give written notice to Lessor of Lessee’s commitment to pay for the excess costs of (a) investigation and remediation of such Hazardous Substance Condition to the extent required by
Applicable Requirements, over (b) an amount equal to twelve (12) times the then monthly Base Rent of 100,000, whichever is greater. Lessee shall provide Lessor with the funds required of Lessee or satisfactory assurance hereof within
thirty (30) days following said commitment by Lessee. In such event this Lease shall continue in full force and effect, and Lessor shall proceed to make such investigation and remediation as soon as reasonably possible after the required funds
are available. If Lessee does not give such notice and provide the required funds or assurance thereof within the time period specified above, this Lease shall terminate as of the date specified in Lessor’s notice of termination. 
 9.8 Termination - Advance Payments. Upon termination of this Lease pursuant to this Paragraph 9, Lessor shall return to Lessee any advance
payment made by Lessee to Lessor and so much of Lessee’s Security Deposit as has not been, or is not then required to be, used by Lessor under the terms of this Lease. 
 9.9 Waiver of Statutes. Lessor and Lessee agree that the terms of this Lease shall govern the effect of any damage to or destruction of the
Premises and the Building with respect to the termination of this Lease and hereby waive the provisions of any present or future statute to the extent it is inconsistent herewith. 
 10. Real Property Taxes. 
 10.1 Payment of Taxes. Lessor shall pay the Real Property Taxes, as
defined in Paragraph 10.2, applicable to the Industrial Center and except as otherwise provided in Paragraph 10.3, any such amounts shall be included in the calculation of Common Area Operating Expenses in accordance with the provisions of Paragraph
4.2. 
 10.2 Real Property Tax Definition. As used herein, the term “Real Property Taxes” shall include any
form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed upon the
Industrial Center by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage, or other improvement district thereof, levied against any
legal or equitable interest of Lessor in the Industrial Center or any portion thereof, Lessor’s right to rent or other income therefrom, and/or Lessor’s business of leasing the Premises. The term “Real Property Taxes”
shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring, or changes in Applicable Law taking effect, during the term of this Lease, including but not limited to a change in the
ownership of the Industrial Center or in the improvements thereon, the execution of this Lease, or any modification, amendment or transfer thereof, and whether or not contemplated by the Parties. In calculating Real Property Taxes for any calendar
year, the Real Property Taxes for any real estate tax year shall be included in the calculation of Real Property Taxes for such calendar year based upon the number of days which such calendar year and tax year have in common. 
 10.3 Additional Improvements. Common Area Operating Expenses shall not include Real Property Taxes specified in the tax assessor’s records
and work sheets as being caused by additional improvements placed upon the Industrial Center by other lessees or by Lessor for the exclusive enjoyment of such other lessees. Notwithstanding Paragraph 10.1 hereof, Lessee shall, however, pay to Lessor
at the time Common Area Operating Expenses are payable under Paragraph 4.2, Lessee’s pro rata share of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the
Premises by Lessee or at Lessee’s request. 
 10.4 Joint Assessment. If the Building is not separately assessed, Real
Property Taxes allocated to the Building shall be an equitable proportion of the Real Property Taxes for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective
valuations assigned in the assessor’s work sheets or such other information as may be reasonably available. Lessor’s reasonable determination thereof, in good faith, shall be conclusive. 
 10.5 Lessee’s Property Taxes. Lessee shall pay prior to delinquency all taxes assessed against and levied upon Lessee-Owned Alterations and
Utility Installations, Trade Fixtures, furnishings, equipment and all personal properly of lessee contained in the Premises or stored within the Industrial Center. When possible, Lessee shall cause its Lessee-Owned Alterations and Utility
Installations, Trade Fixtures, furnishings, equipment and all other personal property to be assessed and billed separately from the real property of Lessor. If any of Lessee’s said property shall be assessed with lessor’s real property,
Lessee shall pay Lessor the taxes attributable to Lessee’s property within thirty (30) days after receipt of a written statement setting forth the taxes applicable to Lessee’s property. 
 11. Utilities. Lessee shall pay directly for all utilities and services supplied to the Premises, including but not limited to electricity, telephone,
security, gas and cleaning of the Premises, together with any taxes thereon. If any such utilities or services are not separately metered to the Premises or separately billed to the Premises, Lessee shall pay to Lessor a reasonable proportion to be
determined by Lessor of all such charges jointly metered or billed with other premises in the Building, in the manner and within the time periods set forth in Paragraph 4.2(d). 
 12. Assignment and Subletting. — See Paragraph 6 of the Second Addendum 
 12.1
Lessor’s Consent Required. 
 (a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or
otherwise transfer or encumber (collectively, “assign”) or sublet all or any part of Lessee’s interest in this Lease or in the Premises without Lessor’s prior written consent given under and subject to the terms of Paragraph 36.

 (b) [Intentionally Omitted] 
 (c) The involvement of Lessee or its assets in any transaction, or series of transactions (by way of merger, sale, acquisition, financing, refinancing, transfer, leveraged buy-out or otherwise), whether or not a
formal assignment or hypothecation of this Lease or Lessee’s assets occurs, which results or will result in a reduction of the Net Worth of Lessee, as hereinafter defined, by an amount equal to or greater than twenty five percent (25%) of
such Net Worth of Lessee as it was represented to Lessor at the time of full execution and delivery of this Lease or at the time of the most recent assignment to which Lessor has consented, or as it exists immediately prior to said transaction or
transactions constituting such reduction, at whichever time said Net Worth of Lessee was or is greater, shall be considered an assignment of this Lease by Lessee to which Lessor may reasonably withhold its consent. “Net Worth of
Lessee” for purposes of this Lease shall be the net worth of Lessee (excluding any Guarantors) established under generally accepted accounting principles consistently applied. 
 (d) An assignment or subletting of Lessee’s interest in this Lease without Lessor’s specific prior written consent shall, at
Lessor’s option, be a Default curable after notice per Paragraph 13.1, or a non-curable Breach without the necessity of any notice and grace period. If Lessor elects to treat such unconsented to assignment or subletting as a non-curable Breach,
Lessor shall have the right upon thirty (30) days’ written notice (“Lessor’s Notice”), increase the monthly Base Rent for the Premises to the then fair market rental value of the Premises, as reasonably determined by
Lessor. Pending determination of the new fair market rental value, if disputed by Lessee. Lessee shall pay the amount set forth in Lessor’s Notice, with any overpayment credited against the next installment(s) of Base Rent coming due, and any
underpayment for the period retroactively to the effective date of the adjustment being due and payable immediately upon the determination thereof. 
 (e) Lessee’s remedy for any breach of this Paragraph 12.1 by Lessor shall be limited to compensatory damages and/or injunctive relief. 
 12.2 Terms and Conditions Applicable to Assignment and Subletting. 
 (a) Regardless of Lessor’s consent, any assignment or subletting shall not (i) be effective without the express written
assumption by such assignee or sublessee of the obligations of Lessee under this Lease, (ii) release Lessee of any obligations hereunder, nor (iii) after the primary liability of Lessee for the payment of Base Rent and other sums due
Lessee hereunder or for the performance of any other obligations to be performed by Lessee under this Lease. 
 (b) Lessor may
accept any rent or performance of Lessee’s obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of any rent for
performance shall constitute a waiver or estoppel of Lessor’s right to exercise its remedies for the Default or Breach by Lessee of any of the terms, covenants or conditions of this Lease. 
 (c) The consent of Lessor to any assignment or subletting shall not constitute a consent to any subsequent assignment or subletting by
Lessee or to any subsequent or successive assignment or subletting by the assignee or sublessee. However, Lessor may consent to subsequent sublettings and assignments of the sublease or any amendments or modifications thereto without notifying
Lessee or anyone else liable under this Lease or the sublease and without obtaining their consent, and such action shall not relieve such persons from liability under this Lease or the sublease. 
 (d) In the event of any Default or Breach of Lessee’s obligation under this lease, Lessor may proceed directly against Lessee, any
Guarantors or anyone else responsible for the performance of the Lessee’s obligations under this Lease, including any sublessee, without first exhausting Lessor’s remedies against any other person or entity responsible therefor to lessor,
or any security hold by Lessor. 
 (e) Each request for consent to an assignment or subletting shall be in writing,
accompanied by information relevant to lessor’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required
modification of the Premises, if any, together with a non-refundable deposit of $1,000 or ten percent (10%) of the monthly Base Rent applicable to the portion of the Premises which is the subject of the proposed assignment or sublease,
whichever is greater, as reasonable consideration for Lessor’s considering and processing the request for consent. Lessee agrees to provide Lessor with such other or additional information and/or documentation as may be reasonably requested by
Lessor. 
 (f) Any assignee of, or sublessee under, this lease shall, by reason of accepting such assignment or entering into
such sublease, by deemed, for the benefit of lessor, to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be observed or performed by Lessee during the term of said assignment or
sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which lessor has specifically consented in writing. 
  

							
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 (h) Lessor, as a condition to giving its consent to any assignment or subletting, may
require that the amount and adjustment schedule of the rent payable under this Lease be adjusted to what is then the market value and/or adjustment schedule for property similar to the Premises as then constituted, as determined by Lessor.

 12.3 Additional Terms and Conditions Applicable to Subletting. The following terms and conditions shall apply to any subletting by
Lessee of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein: 
 (a) Lessee hereby assigns and transfers to Lessor all of Lessee’s interest in all rentals and income arising from any sublease of all or a portion of the Premises heretofore or hereafter made by Lessee, and
Lessor may collect such rent and income and apply same toward Lessees obligations under this Lease; provided, however, that until a Breach (as defined in Paragraph 13,1) shall occur in the performance of Lessee’s obligations under this Lease,
Lessee may, except as otherwise provided in this Lease, receive, collect and enjoy the rents accruing under such sublease. Lessor shall not, by reason of the foregoing provision or any other assignment of such sublease to Lessor, nor by reason of
the collection of the rents from a sublessee, be deemed liable to the sublessee for any failure of Lessee to perform and comply with any of Lessee’s obligations to such sublessee under such Sublease. Lessee hereby irrevocably authorizes and
directs any such sublessee, upon receipt of a written notice from Lessor stating that a Breach exists in the performance of Lessee’s obligations under this Lease, to pay to Lessor the rents and other charges due and to become due under the
sublease. Sublessee shall rely upon any such statement and request from Lessor and shall pay such rents and other charges to Lessor without any obligation or right to inquire as to whether such Breach exists and notwithstanding any notice from or
claim from Lessee to the contrary. Lessee shall have no right or claim against such sublessee, or, until the Breach has been cured, against Lessor, for any such rents and other charges so paid by said sublessee to Lessor. 
 (b) In the event of a Breach by Lessee in the performance of its obligations under this Lease. Lessor, at its option and without any
obligation to do so, may require any sublessee to attorn to Lessor, in which event Lessor shall undertake the obligations of the sublessor under such sublease from the time of the exercise of said option to the expiration of such sublease; provided,
however, Lessor shall not be liable for any prepaid rents or security deposit paid by such sublessee to such sublessor or for any other prior defaults or breaches of such sublessor under such sublease. 
 (c) Any matter or thing requiring the consent of the sublessor under a sublease shall also require the consent of Lessor herein.

 (d) No sublessee under a sublease approved by Lessor shall further assign or sublet all or any part of the Premises without
Lessor’s prior written consent. 
 (e) Lessor shall deliver a copy of any notice of Default or Breach by Lessee to the
sublessee, who shall have the right to cure the Default of Lessee within the grace period, if any, specified in such notice. The sublessee shall have a right of reimbursement and offset from and against Lessee for any such Defaults cured by the
sublessee. 
 13. Default; Breach; Remedies. 
 13.1 Default; Breach. A “Default” by Lessee is declined as a failure by Lessee to observe, comply with or perform any of the terms, covenants, conditions or rules applicable to Lessee under this Lease. A
“Breach” by Lessee is declined as the occurrence of any one or more of the following Defaults, and, where a grace period for cure after notice is specified herein the failure by Lessee to cure such Default prior to the expiration of
the applicable grace period and shall entitle Lessor to pursue the remedies set forth in Paragraphs 13.2 and/or 13.3: 
 (a)
or the abandonment of the Premises. 
 (b) Except as expressly otherwise provided in this Lease, the failure by Lessee to make
any payment of Base Rent, Lessee’s Share of Common Area Operating Expenses, or any other monetary payment required to be made by Lessee hereunder as and when due, the failure by Lessee to provide Lessor with reasonable evidence of insurance or
surety bond required under this Lease, or the failure of Lessee to fulfill any obligation under this Lease which endangers or threatens life or property, where such failure continues for a period of five (5) days following written notice
thereof by or on behalf of Lessor to Lessee. 
 (c) Except as expressly otherwise provided in this Lease, the failure by
Lessee to provide Lessor with reasonable written evidence (in duly executed original form, if applicable) of (i) /Lessee’s use of its best efforts to comply/ with Applicable Requirements per Paragraph 6.3, (ii) the inspection, maintenance
and service contracts required under Paragraph 7.1(b), (iii) The rescission of an unauthorized assignment or subletting per Paragraph 12.1, (iv) a Tenancy Statement per Paragraphs 16 or 37, (v) the subordination or non-subordination
of this Lease per Paragraph 30, (vi) the guaranty of the performance of Lessee’s obligations under this Lease if required under Paragraphs 1.11 and 37, (vii) the execution of any document requested under Paragraph 42 (easements), or
(viii) any other documentation or information which Lessor may reasonably require of Lessee under the terms of this lease, where any such failure continues for a period of twenty (20) days following written notice by or on behalf of Lessor to
Lessee. 
 (d) A Default by Lessee as to the terms, covenants, conditions or provisions of this Lease, or of the rules adopted
under Paragraph 40 hereof that are to be observed, complied with or performed by Lessee; other than those described in Subparagraphs 13.1 (a), (b) or (c), above, where such Default continues for a period of thirty (30) days after written
notice thereof by or on behalf of Lessor to Lessee; provided, however, that it the nature of Lessee’s Default is such that more than thirty (30) days are reasonably required for its cure, then if shall not be deemed to be a Breach of this
Lease by Lessee if Lessee commences such cure within said thirty (30) day period and thereafter diligently prosecutes such cure to completion. 
 (e) The occurrence of any of the following events: (i) the making by Lessee of any general arrangement or assignment for the benefit of creditors; (ii) Lessee’s becoming a “debtor” as defined
in 11 U.S. Code Section 101 or any successor statute thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within sixty (60) days); (iii) the appointment of a trustee or receiver to take possession of
substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where possession is not restored to Lessee within thirty (30) days; or (iv) the attachment, execution or other judicial seizure
of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where such seizure is not discharged within thirty (30) days; provided, however, in the event that any provision of this
Subparagraph 13.1(e) is contrary to any applicable law, such provision shall be of no force or effect, and shall not affect the validity of the remaining provisions. 
 (f) The discovery by Lessor that any financial statement of Lessee or of any Guarantor, given in Lessor by Lessee or any Guarantor,
was/intentionally/ materially false. 
 (g) If the performance of Lessee’s obligations under this Lease is guaranteed:
(i) the death of a Guarantor, (ii) the termination of a Guarantor’s liability with respect to this Lease other than in accordance with the terms of such guaranty, (iii) a Guarantor’s becoming insolvent or the subject of a
bankruptcy filing, (iv) a Guarantor’s refusal to honor the guaranty, or (v) a Guarantor’s breach of its guaranty obligation on an anticipatory breach basis, and Lessee’s failure within sixty (60) days following written
notice by or on behalf of Lessor to Lessee of any such event, to provide Lessor with written alternative assurances of security, which, when coupled with the then existing resources of Lessee, equals or exceeds the combined financial resources of
Lessee and the Guarantors that existed at the time of execution of this Lease.  
 13.2 Remedies. If Lessee fails to perform any affirmative duty or obligation of Lessee under this Lease, within the time period set forth above after written notice to Lessee for in case of an emergency,
without notice). Lessor may at its option (but without obligation to do so), perform such duty or obligation on Lessee’s behalf, including but not limited to the obtaining of reasonably required bonds, insurance policies, or governmental
licenses, permits or approvals. The costs and expenses of any such performance by Lessor shall be due and payable by Lessee to Lessor upon invoice therefor. If any check given to Lessor by Lessee shall not be honored by the bank upon which it is
drawn, Lessor, at its own option, may require all future payments to be made under this Lease by Lessee during the subsequent 12 month period to be made only by cashier’s check. In the event of a Breach of this Lease by Lessee (as defined in
Paragraph 13.1), with or without further notice or demand, and without limiting Lessor in the exercise of any right or remedy which Lessor may have by reason of such Breach, Lessor may: 
 (a) Terminate Lessee’s right to possession of the Premises by any lawful means, in which case this Lease and the term hereof shall
terminate and Lessee shall immediately surrender possession of the Premises to Lessor. In such event Lessor shall be entitled to recover from Lessee: (i) the worth at the time of the award of the unpaid rent which had been earned at the time of
termination; (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 the Lessee proves could have been
reasonably avoided; (iii) the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that the Lessee proves could be reasonably avoided: and
(iv) any other amount necessary to compensate Lessor for all the detriment proximately caused by the Lessee’s failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result
therefrom, including but not limited to the cost of recovering possession of the Premises, expenses of relating applicable to the unexpired term of this Lease, including necessary renovation and alteration of the Premises, reasonable attorneys’
fees, and that portion of any leasing commission paid by Lessor in connection with this Lease applicable to the unexpired term of this Lease. The worth at the time of award of the amount referred to in provision (iii) of the immediately
preceding sentence shall be computed by discounting such amount at the discount rate of the Federal Reserves Bank of San Francisco or the Federal Reserve Bank District in which the Premises are located at the time of award plus one percent (1%).
Efforts by Lessor to mitigate damages caused by Lessee’s Default or Breach of this Lease shall not waive Lessor’s right to recover damages under this Paragraph 13.2. If termination of this Lease is obtained through the provisional remedy
of unlawful detainer, Lessor shall have the right to recover in such proceeding the unpaid rent and damages as are recoverable therein, or Lessor may reserve the right to recover all or any part thereof in a separate suit for such rent and/or
damages. 
 (b) Continue the Lease and Lessee’s right to possession in effect (in California under California Civil Code
Section 1951.4) after Lessee’s Breach and recover the rent as it becomes due, provided Lessee has the right to sublet or assign, subject only to reasonable limitations. Lessor and Lessee agree at the limitations on assignment and
subletting in this Lease are reasonable. Acts of maintenance or preservation, efforts to relet the Premises, or the appointment of a receiver to protect the Lessor’s interest under this Lease, shall not constitute a termination of the
Lessee’s right to possession. 
 (c) Pursue any other remedy now or hereafter available to Lessor under the laws or
judicial decisions of the state wherein the Premises are located. 
  

							
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 (d) The expiration or termination of this Lease and/or the termination of Lessee’s
right to possession shall not relieve Lessee from liability under any indemnity provisions of this Lease as to matters occurring or accruing during the term hereof or by reason of Lessee’s occupancy of the Premises. 
 13.4 Late Charges. Lessee hereby acknowledges that late payment by Lessee to Lessor of rent and other sums due hereunder will cause Lessor to
incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Lessor by the
terms of any ground lease, mortgage or deed of trust covering the Premises. Accordingly, if any installment of rent or other sum due from Lessee shall not be received by Lessor or Lessor’s designee within ten (10) days after such amount
shall be due, then, without any requirement for notice to Lessee, Lessee shall pay to Lessor a late charge equal to five percent (5%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of
the costs Lessor will incur by reason of late payment by Lessee. Acceptance of such late charge by Lessor shall in no event constitute a waiver of Lessee’s Default or Breach with respect to such overdue amount, nor prevent Lessor from
exercising any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder, whether or not collected, for three (3) consecutive installments of Base Rent, then notwithstanding Paragraph 4.1 or any
other provision of this Lease to the contrary, Base Rent shall, at Lessor’s option, become due and payable /bi-monthly/ in advance.  
 13.5 Breach by Lessor. Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time to perform an obligation required to be performed by Lessor. For purposes of this Paragraph 13.5, a reasonable
time shall in no event be less than thirty (30) days after receipt by Lessor, and by any Lender(s) whose name and address shall have been furnished to Lessee in writing for such purpose, of written notice specifying wherein such obligation of
Lessor has not been performed; provided, however, that if the nature of Lessor’s obligation is such that more than thirty (30) days after such notice are reasonably required for its performance, then Lessor shall not be in breach of this
Lease if performance is commenced within such thirty (30) day period and thereafter diligently pursued to completion. 
 14. Condemnation. If the
Premises or any portion thereof are taken under the power of eminent domain or sold under the threat of the exercise of said power (all of which are herein called “condemnation”), this Lease shall terminate as to the part so taken as of
the date the condemning authority takes title or possession, whichever first occurs. If more than ten percent (10%) of the floor area of the Premises, or more than twenty-five percent (25%) of the portion of the Common Areas designated for
Lessee’s parking, is taken by condemnation, Lessee may, at Lessee’s option, to be exercised in writing within ten (10) days after Lessor shall have given Lessee written notice of such taking (or in the absence of such notice, within ten
(10) days after the condemning authority shall have taken possession) terminate this Lease as of the date the condemning authority takes such possession. If Lessee does not terminate this Lease in accordance with the foregoing, this Lease shall
remain in full force and effect as to the portion of the Premises remaining, except that the Base Rent shall be reduced in the same proportion as the rentable floor area of the Premises taken bears to the total rentable floor area of the Premises.
No reduction of Base Rent shall occur if the condemnation does not apply to any portion of the Premises or the parking. Any award for the taking of all or, any part of the Premises under the power of eminent domain or any payment made under threat
of the exercise of such power shall be the property of Lessor, whether such award shall be made as compensation for diminution of value of the leasehold or for the taking of the fee, or as severance damages; provided, however, that Lessee shall be
entitled to any compensation, separately awarded to Lessee for Lessee’s relocation expenses and/or loss of Lessee’s Trade Fixtures, personal property, and alterations. In the event that this Lease is not terminated by reason of such
condemnation, Lessor shall to the extent of its net severance damages received, over and above Lessee’s Share of the legal and other expenses incurred by Lessor in the condemnation matter, repair any damage to the Premises caused by such
condemnation authority. Lessee shall be responsible for the payment of any amount in excess of such net severance damages required to complete such repair. 
 15. Brokers’ Fees. 
 15.1 Procuring Cause. The Broker(s) named in Paragraph 1.10 is/are the procuring cause of
this Lease. 
 15.2 Additional Terms. Unless Lessor and Broker(s) have otherwise agreed in writing, Lessor agrees that: (a) if Lessee
exercises any Option (as defined in Paragraph 39.1) granted under this Lease or any Option subsequently granted, or (b) if Lessee acquires any rights to the Premises or other premises in which Lessor has an interest, or (c) if Lessee remains in
possession of the Premises with the consent of Lessor after the expiration of the term of this Lease after having failed to exercise an Option, or (d) if said Brokers are the procuring cause of any other lease or sale entered into between the
Parties pertaining to the Premises and/or any adjacent property in which Lessor has an interest, or (e) if Base Rent is increased, whether by agreement or operation of an escalation clause herein, then as to any of said transactions, Lessor shall
pay said Broker(s) a fee in accordance with the schedule of said Broker(s) in effect at the time of the execution of this Lease. 
 15.3
Assumption of Obligations. Any buyer or transferee of Lessor’s interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor’s obligation under this Paragraph 15. Each
Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its
successors. 
 15.4 Representations and Warranties. Lessee and Lessor each represent and warrant to the other that it has had no
dealings with any person, firm, broker or finder other than as named in Paragraph 1.10(a) in connection with the negotiation of this Lease and/or the consummation of the transaction contemplated hereby, and that no broker or other person, firm or
entity other than said named Broker(s) is entitled to any commission or finder’s fee in connection with said transaction. Lessee and Lessor do each hereby agree to indemnify, protect, defend and hold the other harmless from and against
liability for compensation or charges which may be claimed by any such unnamed broker, finder or other similar party by reason of any dealings or actions of the indemnifying Party, including any costs, expenses, and/or attorneys’ fees
reasonably incurred with respect thereto. 
 16. Tenancy and Financial Statements. 
 16.1 Tenancy Statement. Each Party (as “Responding Party”) shall within ten (10) days after written notice from the other
Party (the “Requesting Party”) execute, acknowledge and deliver to the Requesting Party a statement in writing in a form similar to the then most current “Tenancy Statement” form published by the American Industrial
Real Estate Association, plus such additional information, confirmation and/or statements as may be reasonably requested by the Requesting Party. 
 16.2 Financial Statement. If Lessor desires to finance, refinance, or sell the Premises or the Building, or any part thereof, Lessee and all Guarantors shall deliver to any potential lender or purchaser designated by Lessor such
financial statements of Lessee and such Guarantors as may be reasonably required by such lender or purchaser, including but not limited to Lessee’s financial statements for the past three (3) years. All such financial statements shall be
received by Lessor and such lender or purchaser in confidence and shall be used only for the purposes herein set forth. 
 17. Lessor’s
Liability. The term “Lessor” as used herein shall mean the owner or owners at the time in question of the fee title to the Premises. In the event of a transfer of Lessor’s title or interest in the Premises or in this Lease,
Lessor shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Lessor at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of
the Security Deposit, as aforesaid and the written assumption by such transferee of Lessor’s obligations hereunder, the prior Lessor shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter
to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined. 
 18. Severability. The invalidity of any provision of this Lease, as determined by a court of competent jurisdiction, shall in no way affect the validity of any
other provision hereof. 
 19. Interest on Past-Due Obligations. Any monetary payment due Lessor hereunder, other than late charges, not received by
Lessor within ten (10) days following the date on which it was due, shall bear interest from the date due at the prime rate charged by the largest state chartered bank in the state in which the Premises are located plus four percent
(4%) per annum, but not exceeding the maximum rate allowed by law, in addition to the potential late charge provided for in Paragraph 13.4. 
 20.
Time of Essence. Time is of the essence with respect to the performance of all obligations to be performed or observed by the Parties under this Lease. 
 21. Rent Defined. All monetary obligations of Lessee to Lessor under the terms of this Lease are deemed to be rent. 
 22. No Prior or
other Agreements; Broker Disclaimer. This Lease contains all agreements between the Parties with respect to any matter mentioned herein, and no other prior or contemporaneous agreement or understanding shall be effective. 
 23. Notices. 
 23.1 Notice Requirements. All
notices required or permitted by this Lease shall be in writing and may be delivered in person (by hand or by messenger or courier service) or may be sent by regular, certified or registered mail or U.S. Postal Service Express Mail, with postage
prepaid, or by facsimile transmission during normal business hours, and shall be deemed sufficiently given if served in a manner specified in this Paragraph 23. The addresses noted adjacent to a Party’s signature on this Lease shall be that
Party’s address for delivery or mailing of notice purposes. Either Party may by written notice to the other specify a different address for notice purposes, except that upon Lessee’s taking possession of the Premises, the Premises shall
constitute Lessee’s address for the purpose of mailing or delivering notices to Lessee. A copy of all notices required or permitted to be given to Lessor hereunder shall be concurrently transmitted to such party or parties at such addresses as
Lessor may from time to time hereafter designate by written notice to Lessee. 
 23.2 Date of Notice. Any notice sent by registered or
certified mail, return receipt requested, shall be deemed given on the date of delivery shown on the receipt card, or if no delivery date is shown, the postmark thereon. If sent by regular mail, the notice shall be deemed given three (3) business
days after the same is addressed as required herein and mailed with postage prepaid. Notices delivered by United States Express Mail or overnight courier that guarantees next day 

  

							
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delivery shall be deemed given twenty-four (24) hours after delivery of the same to the United States Postal Service or courier. If any notice is
transmitted by facsimile transmission or similar means, the same shall be deemed served or delivered upon telephone or facsimile confirmation of receipt of the transmission thereof, provided a copy is also delivered via delivery or mail. If notice
is received on a Saturday or a Sunday or a legal holiday, it shall be deemed received on the next business day. 
 24. Waivers. No waiver by Lessor of
the Default or Breach of any term, covenant or condition hereof by Lessee; shall be deemed a waiver of any other form, covenant or condition hereof, or of any subsequent Default or Breach by Lessee of the same or any other term, covenant or
condition hereof. Lessor’s consent to, or approval of, any such act shall not be deemed to render unnecessary the obtaining of Lessor’s consent to, or approval of, any subsequent or similar act by Lessee, or be construed as the basis of an
estoppel to enforce the provision or provisions of this Lease requiring such consent. Regardless of Lessor’s knowledge of a Default or Breach at the time of accepting rent, the acceptance of rent by Lessor shall not be a waiver of any Default
or Breach by Lessee of any provision hereof. Any payment given Lessor by Lessee may be accepted by Lessor on account of moneys or damages due Lessor, notwithstanding any qualifying statements or conditions made by Lessee in connection therewith,
which such statements and/or conditions shall be of no force or effect whatsoever unless specifically agreed to in writing by Lessor at or before the time of deposit of such payment. 
 25. Recording. Either Lessor or Lessee shall, upon request of the other, execute, acknowledge and deliver to the other a short form memorandum of this Lease for recording purposes. The Party requesting
recordation shall be responsible for payment of any fees or taxes applicable thereto. 
 26. No Right To Holdover. Lessee has no right to retain
possession of the Premises or any part thereof beyond the expiration or earlier termination of this Lease. In the event that Lessee holds over in violation of this Paragraph 26 then the Base Rent payable from and after the time of the expiration or
earlier termination of this Lease shall be increased to one hundred fifty percent (150%) of the Base Rent applicable during the month immediately preceding such expiration or earlier termination. Nothing contained herein shall be construed as
a, consent by Lessor to any holding over by Lessee. 
 27. Cumulative Remedies. No remedy or election hereunder shall be deemed exclusive but shall,
wherever possible, be cumulative with all other remedies of law or in equity. 
 28. Covenants and Conditions. All provisions of this Lease to be
observed or performed by Lessee are both covenants and conditions. 
 29. Binding Effect; Choice of Law. This Lease shall be binding upon the Parties, their personal representatives, successors and assigns and be governed by the laws of the State in which the
Premises are located. Any litigation between the Parties hereto concerning this Lease shall be initiated in the county in which the Premises are located. 
 30. Subordination; Attornment; Non-Disturbance. 
 30.1 Subordination. This Lease and any
Option granted hereby shall be subject and subordinate to any ground lease, mortgage, deed of trust, or other hypothecation or security device (collectively, “Security Device”), now or hereafter placed by Lessor upon the real
property of which the Premises are a part, to any and all advances made on the security thereof, and to all renewals, modifications, consolidations, replacements and extensions thereof. Lessee agrees that the Lenders holding any such Security Device
shall have no duty, liability or obligation to perform any of the obligations of Lessor under this Lease, but that in the event of Lessor’s default with respect to any such obligation, Lessee will give any Lender whose name and address have
been furnished Lessee in writing for such purpose notice of Lessor’s default pursuant to Paragraph 13.5. If any Lender shall elect to have this Lease and/or any Option granted hereby superior to the lien of its Security Device and shall give
written notice thereof to Lessee, this Lease and such Options shall be deemed prior to such Security Device, notwithstanding the relative dates of the documentation or recordation thereof. 
 30.2 Attornment. Subject to the non-disturbance provisions of Paragraph 30.3, Lessee agrees to attorn to a Lender or any other party who acquires
ownership of the Premises by reason of a foreclosure of a Security Device, and that in the event of such foreclosure, such new owner shall not: (i) be liable for any act or omission of any prior lessor or with respect to events occurring prior
to acquisition of ownership except continuing defaults (ii) be subject to any offsets or defenses which Lessee might have against any prior lessor, or (iii) be bound by prepayment of more than one month’s rent. 
 30.3 Non-Disturbance. With respect to Security Devices entered into by Lessor after the execution of this lease, Lessee’s subordination of
this Lease shall be subject to receiving assurance (a “non-disturbance agreement”) from the Lender that Lessee’s possession and this Lease, including any options to extend the term hereof, will not be disturbed so long as Lessee is
not in Breach hereof and attorns to the record owner of the Premises. 
 30.4 Self-Executing. The agreements contained in this
Paragraph 30 shall be effective without the execution of any further documents; provided, however, that upon written request from Lessor or a Lender in connection with a sale, financing or refinancing of Premises, Lessee and Lessor shall execute
such further writings as may be reasonably required to separately document any such subordination or non-subordination, attornment and/or non-disturbance agreement as is provided for herein. 
 31. Attorneys’ Fees. If any Party or Broker brings an action or proceeding to enforce the terms hereof or declare rights hereunder, the Prevailing Party (as
hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to reasonable attorneys’ fees. Such fees may be awarded in the same suit or recovered in a separate suit, whether or not such action or proceeding is
pursued to decision or judgment. The term “Prevailing Party” shall include, without limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement,
judgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys’ fee award shall not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys’ fees
reasonably incurred. Lessor shall be entitled to attorneys’ fees, costs and expenses incurred in preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in
connection with such Default or resulting Breach. 
 32. Lessor’s Access; Showing Premises; Repairs. Lessor and Lessor’s agents shall have
the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or
additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary “For Sale” signs and Lessor may at any time during the last one hundred twenty (120) days of the term hereof place on or about the Premises any ordinary “For
Lease” signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee. 
 33. Auctions. Lessee shall not conduct,
nor permit to be conducted, either voluntarily or involuntarily, any auction upon the Premises without first having obtained Lessor’s prior written consent. Notwithstanding anything to the contrary in this Lease, Lessor shall not be obligated
to exercise any standard of reasonableness in determining whether to grant such consent. 
 34. Signs. Lessee shall not place any sign upon the
exterior of the Premises or the Building, except that Lessee may, with Lessor’s prior written consent, install (but not on the roof) such signs as are reasonably required to advertise Lessee’s own business so long as such signs are in a
location designated by Lessor and comply with Applicable Requirements and the signage criteria established for the Industrial Center by Lessor. The installation of any sign on the Premises by or for Lessee shall be subject to the provisions of
Paragraph 7 (Maintenance, Repairs, Utility Installations, Trade Fixtures and Alterations). Unless otherwise expressly agreed herein, Lessor reserves all rights to the use of the roof of the Building. 
 35. Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual
termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, Lessor shall, in the event of any such surrender, termination
or cancellation, have the option to continue any one or all of any existing subtenancies. Lessor’s failure within ten (10) days following any such event to make a written election to the contrary by written notice to the holder of any such
lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest. 
 36. Consents. 

(a) Except for Paragraph 33 hereof (Auctions) or as otherwise provided herein, wherever in this Lease the consent of a Party is
required to an act by or for the other Party, such consent shall not be unreasonably withheld or delayed. Lessor’s actual reasonable costs and expenses (including but not limited to architects’, attorneys’, engineers’ and other
consultants’ fees) incurred in the consideration of, or response to, a request by Lessee for any Lessor consent pertaining to this Lease or the Premises, including but not limited to consents to an assignment a subletting or the presence or use
of a Hazardous Substance, shall be paid by Lessee to Lessor upon receipt of an invoice and supporting documentation therefor. In addition to the deposit described in Paragraph 12.2(e), Lessor may, as a condition to considering any such request by
Lessee, require that Lessee deposit with Lessor an amount of money (in addition to the Security Deposit held under Paragraph 5) reasonably calculated by Lessor to represent the cost Lessor will incur in considering and responding to Lessee’s
request. Any unused portion of said deposit shall be refunded to Lessee without interest. Lessor’s consent to any act, assignment of this Lease or subletting of the Premises by Lessee shall not constitute an acknowledgment that no Default or
Breach by Lessee of this Lease exists, nor shall such consent be deemed a waiver of any then existing Default or Breach except as may be otherwise specifically stated in writing by Lessor at the time of such consent. * 
 (b) All conditions to Lessor’s consent authorized by this Lease are acknowledged by Lessee as being reasonable. The failure to
specify herein any particular condition to Lessor’s consent shall not preclude the impositions by Lessor at the time of consent of such further or other conditions as are then reasonable with reference to the particular matter for which consent
is being given. 
 37. Guarantor. 
 37.1 Form of Guaranty. If there are to be any Guarantors of this Lease per Paragraph 1.11, the form of the guaranty to be executed by each such Guarantor shall be in the form most recently published by the American Industrial Real
Estate Association, and each such Guarantor shall have the same obligations as Lessee under this lease, including but not limited to the obligation to provide the Tenancy Statement and information required in Paragraph 16. 
 37.2 Additional Obligations of Guarantor. It shall constitute a Default of the Lessee under this Lease if any such Guarantor fails or refuses,
upon reasonable request by Lessor to give: (a) evidence of the due execution of the guaranty called for by this Lease, including the authority of the Guarantor (and of the party signing on Guarantor’s behalf) to obligate such Guarantor on
said guaranty, and resolution of its board of directors authorizing the making of such guaranty, together with a certificate of incumbency showing the signatures of the persons authorized to sign on its behalf, (b) current financial statements
of Guarantor as may from time to time be requested by Lessor, (c) a Tenancy Statement, or (d) written confirmation that the guaranty is still in effect. 
 38. Quiet Possession. Upon payment by Lessee of the rent for the Premises and the performance of all of the covenants, conditions and provisions on Lessee’s part to be observed and performed under this Lease, Lessee shall have
quiet possession of the Premises for the entire term hereof subject to all of the provisions of this Lease. 
 Prior to responding to any Lessee request
described above, Lessor shall deliver to Lessee in a written estimate setting forth the cost to be incurred by Lessor to respond to Lessee’s request. Thereafter, Lessee shall have ten (10) days to accept or reject Lessor’s estimate of
costs. If Lessee rejects Lessor’s cost estimate, Lessee’s request shall be deemed withdrawn. 
  

							
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 39. Options. 
 39.1 Definition. As used in this Lease, the word “Option” has the following meaning: (a) the right to extend the term of this Lease or to renew this Lease or to extend or renew any lease that Lessee has on other
property of Lessor; (b) the right of first refusal to lease the Premises or the right of first offer to lease the Premises or the right of first refusal to lease other property of Lessor or the right to first offer to lease other property of
Lessor; (c) the right to purchase the Premises, or the right of first refusal to purchase the Premises, or the right of first offer to purchase the Premises, or the right to purchase other property of Lessor, or the right of first refusal to
purchase other property of Lessor, or the right of first offer to purchase other property of Lessor. 
 39.2 Options Personal to Original
Lessee. Each Option granted to Lessee in this Lease is personal to the original Lessee named in Paragraph 1.1 hereof, and cannot be voluntarily or involuntarily assigned or exercised by any person or entity other than said original Lessee while
the original Lessee is in full and actual possession of the Premises and without the intention of thereafter assigning or subletting. The Options, if any, herein granted to Lessee are not assignable, either as a part of an assignment of this Lease
or separately or apart therefrom, and no Option may be separated from this Lease in any manner, by reservation or otherwise. 
 39.3
Multiple Options. In the event that Lessee has any multiple Options to extend or renew this Lease a later option cannot be exercised unless the prior Options to extend or renew this Lease have been validly exercised. 
 39.4 Effect of Default on Options. 
 (a) Lessee shall have no right to exercise an Option, notwithstanding any provision in the grant of Option to the contrary: (i) during the period commencing with the giving of any notice of Default under
Paragraph 13.1 and continuing until the noticed Default is cured, or (ii) during the period of time any monetary obligation due Lessor from Lessee is unpaid (without regard to whether police thereof is given Lessee), or (iii) during the
time Lessee is in Breach of this Lease, or (iv) in the event that Lessor has given to Lessee three (3) or more notices of separate Defaults under Paragraph 13.1 during the twelve (12) month period immediately preceding the exercise of
the Option, whether or not the Defaults are cured. 
 (b) The period of time’ within which an Option may be exercised
shall not be extended or enlarged by reason of Lessee’s inability to exercise an Option because of the provisions of Paragraph 39.4(a). 
 (c) All rights of Lessee under the provisions of an Option shall terminate and be of no further force or effect, notwithstanding Lessee’s due and timely exercise of the Option, if, after such exercise and during
the term of this Lease, (i) Lessee fails to pay to Lessor a monetary obligation of Lessee for a period of thirty (30) days after such obligation becomes due (without any necessity of Lessor to give notice thereof to Lessee); or
(ii) Lessor gives to Lessee three (3) or more notices of separate Defaults under Paragraph 13.1 during any twelve (12) month period, whether or not the Defaults are cured, or (iii) if Lessee commits a Breach of this Lease.

 40. Rules and Regulations. Lessee agrees that it will abide by, and keep and observe all reasonable rules and regulations (“Rules and
Regulations”) which Lessor may make from time to time for the management, safely, care, and cleanliness of the grounds, the parking and unloading of vehicles and the preservation of good order, as well as for the convenience of other occupants
or tenants of the Building and the Industrial Center and their invitees. 
 41. Security Measures. Lessee hereby acknowledges that the rental payable
to Lessor hereunder does not include the cost of guard service or other security measures, and that Lessor shall have no obligation whatsoever to provide same. Lessee assumes all responsibility for the protection of the Premises, Lessee, its agents
and invitees and their properly from the acts of third parties. 
 42. Reservations. Lessor reserves the right, from time to time, to grant, without
the consent or joinder of Lessee, such easements, rights of way, utility raceways, and dedications that Lessor deems necessary, and to cause the recordation of parcel maps and restrictions, so long as such easements, rights of way, utility raceways,
dedications, maps and restrictions do not reasonably interfere with the use of the Premises by Lessee. Lessee agrees to sign any documents reasonably requested by Lessor to effectuate any such easement rights, dedication, map or restrictions.

 43. Performance Under Protest. If at any time a dispute shall arise as to any amount or sum of money to be paid by one Party to the other under the
provisions hereof, the Party against whom the obligation to pay the money is asserted shall have the right to make payment “under protest” and such payment shall not be regarded as a voluntary payment and there shall survive the right on
the part of said Party to institute suit for recovery of such sum. If it shall be adjudged that there was no legal obligation on the part of said Party to pay such sum or any part thereof, said Party shall be entitled to recover such sum or so much
thereof as it was not legally required to pay under the provisions of this Lease. 
 44. Authority. If either Party hereto is a corporation, trust, or
general or limited partnership, each individual executing this Lease on behalf of such entity represents and warrants that the individual signing the Lease on its behalf is duly authorized to execute and deliver this Lease on its behalf. If Lessee
is a corporation, trust or partnership, Lessee shall, within thirty (30) days after request by Lessor, deliver to Lessor evidence satisfactory to Lessor of such authority. 
 45. Conflict. Any conflict between the printed provisions of this Lease and the typewritten or handwritten provisions shall be controlled by the typewritten or handwritten provisions. 
 46. Offer. Preparation of this Lease by either Lessor or Lessee or Lessor’s agent or Lessee’s agent and submission of same to Lessee or Lessor shall not
be deemed an offer to lease. This Lease is not intended to be binding until executed and delivered by all Parties hereto. 
 47. Amendments. This
Lease may be modified only in writing, signed by the parties in interest at the time of the modification. The Parties shall amend this Lease from time to time to reflect any adjustments that are made to the Base Rent or other rent payable under this
Lease. As long as they do not materially change Lessee’s obligations hereunder, Lessee agrees to make such reasonable non-monetary modifications to this Lease as may be reasonably required by an institutional insurance company or pension plan
Lender in connection with the obtaining of normal financing or refinancing of the property of which the Premises are a part. 
 48. Multiple Parties.
Except as otherwise expressly provided herein, if more than one person or entity is named herein as either Lessor or Lessee, the obligations of such multiple parties shall be the joint and several responsibility of all persons or entities named
herein as such Lessor or Lessee. 
  

							
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 LESSOR AND LESSEE HAVE CAREFULLY READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN, AND BY THE
EXECUTION OF THIS LEASE SHOW THEIR INFORMED AND VOLUNTARY CONSENT, THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND
LESSEE WITH RESPECT TO THE PREMISES. 
 IF THIS LEASE HAS BEEN FILLED IN, IT HAS BEEN PREPARED FOR YOUR ATTORNEY’S REVIEW AND APPROVAL.
FURTHER, EXPERTS SHOULD BE CONSULTED TO EVALUATE THE CONDITION OF THE PROPERTY FOR THE POSSIBLE PRESENCE OF ASBESTOS, UNDERGROUND STORAGE TANKS OR HAZARDOUS SUBSTANCES. NO REPRESENTATION OR RECOMMENDATION IS MADE BY THE AMERICAN INDUSTRIAL REAL
ESTATE ASSOCIATION OR BY THE REAL ESTATE BROKERS OR THEIR CONTRACTORS, AGENTS OR EMPLOYEES AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT OR TAX CONSEQUENCES OF THIS LEASE OR THE TRANSACTION TO WHICH IT RELATES; THE PARTIES SHALL RELY SOLELY UPON THE
ADVICE OF THEIR OWN COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS LEASE. IF THE SUBJECT PROPERTY IS IN A STATE OTHER THAN CALIFORNIA, AN ATTORNEY FROM THE STATE WHERE THE PROPERTY IS LOCATED SHOULD BE CONSULTED. 
 The parties hereto have executed this Lease at the place and on the dates specified above their respective signatures: 
  

									
					
	Executed at:	 	Irvine, CA	 		 	Executed at:	 	  
	on:	 	11/17/99	 		 	on:	 	  

  

									
	 By LESSOR:
	 		 	 By LESSEE:

			
	 COLUMBIA INVESTORS, LLC,
	 		 	 SENORX, INC.,

	 a California limited liability company
	 		 	  
					
	 By:
	 	 /s/ Leighton H. French
	 		 	 By:
	 	 /s/ Lloyd H. Malchow

	 Name Printed:
	 	 Leighton H. French
	 		 	 Name Printed:
	 	 Lloyd H. Malchow

	 Title:
	 	 Managing Member
	 		 	 Title:
	 	 President + CEO

					
	 By:
	 	 /s/ Peter L. French
	 		 	 By:
	 	  
	 Name Printed:
	 	 Peter L. French
	 		 	 Name Printed:
	 	  
	 Title:
	 	 Managing Director
	 		 	 Title:
	 	  
	 Address:
	 	 2500 Michelson Drive, Suite 250
	 		 	 Address:
	 	 13766 Alton PKW Suite 144

		 	 Irvine, California 92612
	 		 		 	 Irvine, CA 92618

	 Telephone:
	 	 (949) 851-8400
	 		 	 Telephone:
	 	 (949) 454-1300 ex. 23

	 Facsimile:
	 	 (949) 851-8608
	 		 	 Facsimile:
	 	 (949) 454 1299

  

									
	 BROKER:
	 		 	 BROKER:

					
	Executed at:	 	  	 		 	 Executed at:
	 	  
	on:	 	  	 		 	 on:
	 	  
					
	By:	 	  	 		 	 By:
	 	  
	Name Printed:	 	  	 		 	 Name Printed:
	 	  
	Title:	 	  	 		 	 Title:
	 	  
	Address:	 	  	 		 	 Address:
	 	  
	  	 		 	  
	Telephone:	 	 (         )________________________________
	 		 	Telephone:	 	 (        )________________________________

	 Facsimile:
	 	 (        )_________________________________
	 		 	 Facsimile:
	 	 (        )________________________________

		 		 		 		 	

	NOTE:	These forms are often modified to meet changing requirements of law and needs of the industry. Always write or call to make sure you are utilizing the most current form: AMERICAN
INDUSTRIAL REAL ESTATE ASSOCIATION, 700 South Flower Street, Suite 600, Los Angeles, CA 90017. (213) 687-8777. 

  

							
	MULTI-TENANT—MODIFIED NET	  	        —11—	  	Initials:	  	/s/    PF            
	© American Industrial Real Estate Association 1993	  		  	            LM            

 SECOND ADDENDUM TO STANDARD INDUSTRIAL/  
 COMMERCIAL MULTI-TENANT LEASE-MODIFIED NET 
 THIS SECOND ADDENDUM TO STANDARD
INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE (this “Addendum”) is made by and between Columbia Investors, LLC (“Lessor”) and SenoRx, Inc. (“Lessee”), to be a part of that certain lease (the “Lease”) of even date
herewith between Lessor and Lessee concerning premises located at 11 Columbia, Suite A, Aliso Viejo, CA (the “Premises”). All terms with initial capital letters used herein as defined terms shall have the meanings ascribed to them in the
Lease unless specifically defined herein. Lessor and Lessee agree that, notwithstanding anything to the contrary in the Lease, the Lease is hereby modified and supplemented as set forth below. 
 1. Common Area Operating Expenses. “Common Area Operating Expenses” shall not include and Lessee shall in no event have any obligation to
perform or to pay directly, or to reimburse Lessor for, all or any portion of the following repairs, maintenance, improvements, replacements, premiums, claims, losses, fees, charges, costs and expenses (collectively, “Costs”):
(a) Costs occasioned by the act, omission or violation of any Applicable Law by Lessor, any other occupant of the Industrial Center, or their respective agents, employees or contractors; (b) Costs occasioned by casualties or by the
exercise of the power of eminent domain; (c) Costs to correct any construction defect in the Industrial Center or to comply with any Applicable Law applicable to the Industrial Center on the Commencement Date; (d) Costs of any capital
improvement, improvement or redecorating of any portion of the Industrial Center not made available for Lessee’s use; (e) Costs incurred in connection with negotiations or disputes with any other occupant of the Industrial Center and Costs
arising from the violation by Lessor or any other occupant of the Industrial Center of the terms and conditions of any lease or other agreement; (f) insurance Costs for coverage not customarily paid by tenants of similar projects in the
vicinity of the Premises, insurance deductibles, and co-insurance payments; (g) Costs incurred in connection, with the presence of any Hazardous Substances, except to the extent caused by the release of the Hazardous Substance in question by
Lessee; (h) Costs over $5,000 which could properly be capitalized under generally accepted accounting principles, except to the extent amortized over, and properly allocable to, the useful life of the capital item in question; (i) Costs
relating to the repair, maintenance and replacement of the structural elements of the Industrial Center, including replacement of the roof (notwithstanding the foregoing routine repair and maintenance of the roof shall be included as a Common Area
Operating Expense); (j) interest, charges and fees incurred on debt, payments on mortgages and rent under ground leases; (k) any fee, profit or compensation retained by Lessor or its affiliates for management and administration of the
Industrial Center in excess of the management fee which would be charged by a professional management service for operation of comparable projects in the vicinity of the Building; (l) expense reserves; and (m) Real Property Taxes, which
are (1) levied on Lessor’s rental income, unless such tax or assessment expense is imposed in lieu of real property taxes; (2) in excess of the amount which would be payable if such tax or assessment expense were paid in installments
over the longest permitted term; or (3) imposed on land and improvements other than the Industrial Center. If during the last year of the Lease Term, Lessee’s payments under paragraph 4.2(d) of the Lease exceed Lessee’s Share of
Common Area Operating Expenses for that year, then Lessor shall promptly refund to Lessee in cash any such excess. 
 2. Hazardous
Substances. Lessor hereby approves of Lessee’s use of the Hazardous Substances described on Exhibit B hereto. To the best knowledge of Lessor, (a) no Hazardous Substances are present on the Industrial Center or the soil, surface water
or groundwater thereof, (b) no underground storage tanks or asbestos containing building materials are present on the Industrial Center, and (c) no action, proceeding, or claim is pending or threatened involving the Industrial Center
concerning any Hazardous Substances or pursuant to any Applicable Laws or Requirements. Under no circumstance shall Lessee be liable for or indemnify Lessor from, and Lessor shall indemnify, defend and hold harmless Lessee, its agents, contractors,
stockholders, directors, successors, representatives, and assigns from and against, all losses, costs, claims, liabilities and damages (including attorneys’ and consultants’ fees) of every type and nature, directly or indirectly arising
out of or in connection with any Hazardous Substance present at any time on or about the Industrial Center, or the soil, air, improvements, groundwater or surface water thereof, or the violation of any Applicable Laws or Requirements, relating to
any such Hazardous Substance, except to the extent that any of the foregoing actually results from the release of Hazardous Substances on or about the Premises by Lessee or its agents or employees in violation of Applicable Laws or Requirements.
This Section 2 and Sections 6.2, 6.3 and 9.7 of the Lease are the sole provisions of the Lease pertaining to Hazardous Substances and no other provisions shall be deemed to apply thereto. 
  

 1 

 3. Lessee’s Compliance with Requirements. Lessee shall not be required to comply, cause the
Premises to comply, or pay the cost of complying, and Lessor shall cause the Premises to comply, with any Applicable Laws or Requirements which are properly capitalized under generally accepted accounting principles, unless such compliance is
necessitated solely because of Lessee’s particular use of the Premises. 
 4. Maintenance, Repairs. Lessor shall perform and
construct, and Lessee shall have no responsibility to perform, construct or pay for, any repair, maintenance or improvement necessitated by the acts or omissions of Lessor or any other occupant of the Industrial Center, or their respective agents,
employees or contractors. Any items of a capital nature as set forth in Section 1(h) above shall be capitalized and depreciated over the useful life of such asset. The periodic depreciation expense shall be included as a Common Area Operating
Expense. 
 5. Indemnity. Lessor shall not be released or indemnified from, and shall indemnify, defend, protect and hold harmless
Lessee from, any damages, liabilities, losses, claims, attorneys’ fees, consultants’ fees, costs or expenses arising from the negligence or willful misconduct of Lessor or its agents, contractors, licensees or invitees, Lessor’s
violation of Applicable Law, or a breach of Lessor’s obligations or representations under the Lease. 
 6. Assignment and
Subletting. To obtain Lessor’s consent to an assignment, the Assignee must have a net worth equal to Lessee as of the date hereof. Any subletting of less than one-half of the Premises shall not require consent of Lessor. 
 7. Subordination. Lessor represents and warrants to Lessee that as of the date hereof, the Lease is not subject or subordinate to any Security
Device other than a Deed of Trust in favor of Fremont Investment & Loan (“Lien Holder”). As a condition to Lessee’s obligations under the Lease, Lessor shall use its best efforts to obtain from Lien Holder a non-disturbance
agreement in favor of Lessee which provides that the Lease shall not be terminated so long as Lessee is not in Breach under the Lease and recognizes all of Lessee’s rights hereunder. 
 8. Rules and Regulations. Lessee shall not be required to comply with any rule or regulation unless the same applies non-discriminatorily to all
occupants of the Industrial Center, does not unreasonably interfere with Lessee’s use of the Premises or Lessee’s parking rights and does not materially increase the obligations or decrease the rights of Lessee under the Lease. 

9. Common Areas, Reservations. Lessor shall not (a) modify the Common Areas, (b) grant any easements, rights of way, utility raceways
or dedications, or (c) record any Parcel Maps or restrictions, if such actions would unreasonably interfere with Lessee’s use of the Premises or parking rights or increase the obligations or decrease the rights of Lessee under the Lease.
In taking such actions, Lessor shall at all times use its best efforts to minimize any disruption to Lessee. 
 10. Improvements and
Requirements. 
 (a) The Improvements shall be constructed in accordance with all Applicable Laws and the Final Plans, in
a good and workmanlike manner, free of defects and using new materials and equipment of good quality. Lessee shall have the right to submit a written “punch list” within sixty (60) days of the Commencement Date to Lessor, setting
forth any defective item of construction, and Lessor shall promptly cause such items to be corrected. Lessee’s acceptance of the Premises or submission of a “punch list” shall not be deemed a waiver of Lessee’s right to have
defects in the Improvements repaired at no cost to Lessee. Lessee shall give notice to Lessor whenever such defect becomes reasonably apparent, and Lessor shall repair such defect as soon as practicable. 
 (b) Plans. Lessor shall construct the Improvements in accordance with the preliminary plans (the “Preliminary Plans”)
attached hereto as Exhibit “A” and in accordance with the terms of this Second Addendum to Lease. Lessor shall cause to be prepared, as quickly as possible, final plans, specifications and working drawings of the Improvements (“Final
Plans”), as well as an estimate of the total cost for the Improvements (“Cost Estimate”), all of which conform to or represent logical evolutions of or developments from the Preliminary Plans. The Final Plans and Cost Estimate shall
be delivered to Lessee immediately upon completion. Within ten (10) days after receipt thereof, at its election (a) Lessee may terminate the Lease, if the cost Estimate exceeds One Hundred Thirty-Five Thousand Dollars ($135,000.00),
(b) Lessee may approve the Final Plans and Cost Estimate, or (c) Lessee may deliver to Lessor the specific written changes to such plans that are necessary, in Lessee’s opinion, to conform such plans to the Preliminary Plans or to
reduce costs. If Lessee desires changes, Lessor shall not unreasonably withhold its approval of such changes and the parties shall confer and negotiate in good faith to reach agreement on modifications to the Final Plans, and the Cost Estimate as a
consequence of such change. Notwithstanding the foregoing, Lessee shall pay any cost associated with such change. As soon 

  

 2 

 
as approved by Lessor and Lessee, Lessor shall submit the Final Plans to all appropriate governmental agencies and thereafter the Lessor shall use its best
efforts to obtain required governmental approvals as soon as practicable. 
 (c) After the Final Plans have been
approved by Lessor and Lessee as provided above, neither party shall have the right to require extra work or change orders with respect to the construction of the Improvements without the prior written consent of the other, which consent shall not
be unreasonably withheld or delayed. All change orders shall specify any change in the Cost Estimate or Commencement Date as a consequence of the change order. 
 (d) The cost of the Improvements to be provided at Lessor’s sole expense shall not include (and Lessee shall have no
responsibility for and the Allowance shall not be used for) the following: (a) costs attributable to improvements installed outside the demising walls of the Premises; (b) costs for improvements which are not shown on or described in the
Final Plans unless otherwise approved by Lessee; (c) costs incurred to remove Hazardous Materials from the Premises or the surrounding area; (d) attorneys’ fees incurred in connection with negotiation of construction contracts, and
attorneys’ fees, experts’ fees and other costs in connection with disputes with third parties; (e) interest and other costs of financing construction costs; (f) costs incurred as a consequence of delay (unless the delay is caused
by Lessee), construction defects or default by a contractor; (g) costs recoverable by Lessor upon account of warranties and insurance; (h) restoration costs in excess of insurance proceeds as a consequence of casualties; (i) penalties
and late charges attributable to Lessor’s failure to pay construction costs; (j) costs to bring the Premises into compliance with Applicable Laws and restrictions, including, without limitation, the Americans with Disabilities Act and
environmental laws; and (k) offsite management or other general overhead costs incurred by Lessor. Notwithstanding the foregoing, Lessor’s cost to install the Improvements shall not exceed $90,000. Lessee shall be responsible for all costs
in excess of such amount. 
 (e) In the event that the cost of the Improvements is less than the amount of the
Allowance, the excess amount of the Allowance shall be credited toward rent next coming due. 
 11. Approvals. Whenever the Lease
requires an approval, consent, designation, determination, selection or judgment by either Lessor or Lessee, such approval, consent, designation, determination, selection or judgment and any conditions imposed thereby shall be reasonable and shall
not be unreasonably withheld or delayed and, in exercising any right or remedy hereunder, each party shall at all times act reasonably and in good faith. 
 12. Reasonable Expenditures. Any expenditure by a party permitted or required under the Lease, for which such party is entitled to demand and does demand reimbursement from the other party, shall be limited to
the fair market value of the goods and services involved, shall be reasonably incurred and shall be substantiated by documentary evidence available for inspection and review by the other party or its representative during normal business hours.

  

									
	 LESSOR:
	 		 	 LESSEE:

			
	Columbia Investors, LLC.,	 		 	SenoRx, Inc.,
	a California limited liability company	 		 	 a Delaware Corp.

					
	By:	 	 /s/ Peter L. French
	 		 	 By:
	 	 /s/ Paul Lubock

	 Name:
	 	 Peter L. French
	 		 	 Name:
	 	 Paul Lubock

	 Its:
	 	 Managing Member
	 		 	 Its:
	 	 COO

  

 3 

 ADDENDUM TO 
 STANDARD INDUSTRIAL/COMMERCIAL 
 MULTI-TENANT - MODIFIED NET 
 DATED SEPTEMBER 15, 1999 
 BETWEEN

 COLUMBIA INVESTORS, LLC (“LESSOR”) 
 AND 
 SENORX, INC. (“LESSEE”) 
  

	50.	BASE RENTAL SCHEDULE: The Base Rent shall be as follows: 

  

				
	 PERIOD
	  	BASE RENT PER MONTH
	 January 1, 2000-December 31, 2000
	  	$	13,130.00
	 January 1, 2001-December 31, 2001
	  	$	13,655.00
	 January 1, 2002-December 31, 2002
	  	$	14,201.00
	 January 1, 2003-December 31, 2003
	  	$	14,769.00
	 January 1, 2004-December 31, 2004
	  	$	15,360.00

  

	51.	TENANT IMPROVEMENT ALLOWANCE: Prior to the Commencement Date, Lessor and Lessee shall agree on improvements (the “Improvements”) to be completed in the Premises.
The Improvements shall be subject to approval by Lessor and Lessee acting reasonably with the interest of the parties to keep the cost of the Improvements below $135,000.00. The mutual agreement of Lessor and Lessee on the amount and type of the
Improvements shall be completed within fifteen (15) days from the date hereof. The estimate of the cost of the Improvements set forth above shall include all costs, including by way of example but not limitation: (i) all costs outlined in
a contract for completion of the Improvements by and between Lessor and a contractor mutually acceptable to Lessor and Lessee (the “Construction Contract”); (ii) all costs incurred to create the plans for the Improvements; and
(iii) all costs incurred for Governmental permits necessary to complete the Improvements. On approval of the plans for the Improvements and receipt of the Construction Contract, Lessor shall deliver to Lessee an estimate of costs to complete
the Improvements that shall include the items described above (the “Estimate”). Notwithstanding the foregoing, Lessee may deposit with Lessor one or two estimates for completion of the Improvements. Should either of Lessee’s estimates
be lower than Lessor’s Estimate, Lessor shall reduce the Estimate to match Lessee’s estimate or utilize the contractor who delivered Lessee’s estimate so long as such contractor is reasonably acceptable to Lessor. Before commencement
of construction, Lessee shall deliver to Lessor cash (the “Deposit”) in an amount equal to the difference between the Estimate and $90,000.00, which $90,000 (the “Allowance”) shall be paid by Lessor for the design and
construction of the Improvements. On receipt of the Deposit, Lessor shall immediately commence completion of the Improvements. Should Lessee request any change (“Change Order”) to the Improvements, Lessee shall deliver to Lessor cash in an
amount equal to the cost necessary to complete the Change Order. Lessor shall diligently complete the Improvements by the Lease Commencement Date. Delay in completion of the Improvements due to strikes, natural disasters, or governmental delays in
issuing the required permits shall not delay the Commencement Date of the Lease or the commencement of payment of Rent and shall allow Lessor extra time to complete the Improvements in an amount equal to the time of delay. 

 

	52.	EARLY POSSESSION: During the Early Possession Period, Lessee shall be responsible for electricity charges applicable to the Premises. Base Rent and Lessee’s Share of
Common Area Operating Expenses shall be waived during this period.Loan and Security Agreement

 Exhibit 10.7 
 This LOAN AND SECURITY AGREEMENT dated March 15, 2002, between SILICON VALLEY BANK (“Bank”), whose address is 3003 Tasman Drive, Santa Clara, California 95054 and SENORX, INC.
(“Borrower”), whose address is 11 Columbia, Suite A, Aliso Viejo, California 92656, provides the terms on which Bank will lend to Borrower and Borrower will repay Bank. The parties agree as follows: 
  

	1.	ACCOUNTING AND OTHER TERMS 

 Accounting terms not defined
in this Agreement will be construed following GAAP. Calculations and determinations must be made following GAAP. The term “financial statements” includes the notes and schedules. The terms “including” and “includes”
always mean “including (or includes) without limitation,” in this or any Loan Document. 
  

	2.	LOAN AND TERMS OF PAYMENT 

  

	2.1	Promise to Pay. 

 Borrower promises to pay Bank the unpaid
principal amount of all Credit Extensions and interest on the unpaid principal amount of the Credit Extensions. 
  

	(i)	Revolving Advances. 

 (1) Bank will make Revolving Advances
not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed
under this Section may be repaid and reborrowed during the term of this Agreement. 
 (2) To obtain a Revolving Advance, Borrower must
notify Bank by facsimile or telephone by 12:00 P.M. (Pacific time) on the Business Day such Advance is to be made. Borrower must promptly confirm the notification by delivering to Bank the Payment/Advance Form attached as Exhibit B
(“Payment/Advance Form”). Bank will credit Revolving Advances to Borrower’s deposit account. Bank may make Revolving Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without
instructions if such Revolving Advances are necessary to meet Obligations which have become due. Bank may rely on any telephonic notice given by a person whom Bank believes is a Responsible Officer or designee for such purpose. 
 (3) Borrower will indemnify Bank for any loss Bank suffers due to such reliance, except for any loss caused from the gross negligence or willful
misconduct of Bank. 
 (4) The Committed Revolving Line terminates on the Revolving Maturity Date, when all Revolving Advances and related
Obligations are immediately payable, with the understanding that with respect to Non Formula Revolving Advances a special provision as to 

 
the maturity thereof applies and is set forth in the definition of Revolving Maturity Date in Section 13 hereof. 
 (5) Bank’s obligation to lend the undisbursed portion of the Credit Extensions will terminate if, in Bank’s sole discretion, there has been a
material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent
business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement. 
  

	(ii)	Letters of Credit Sublimit. 

 Bank will issue or have
issued letters of credit for Borrower’s account (individually referred as a “Letter of Credit” and collectively referred to herein as the “Letters of Credit”) not exceeding (i) the lesser of the Committed Revolving Line
or the Borrowing Base minus (ii) the outstanding principal balance of the Revolving Advances; provided, however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) may not exceed
$500,000. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date, but Borrower’s reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving
Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request. 
  

	(iii)	Equipment Advances. 

 (1) Through March 15, 2003 (the
“Equipment Availability End Date”), Bank will make advances (individually referred to herein as an “Equipment Advance” and collectively as the “Equipment Advances”) not exceeding the Committed Equipment Line.

 (2) Equipment Advances used to purchase Eligible Equipment purchased within the Applicable New Period (as defined below) are referred to
herein as the “New Equipment Advances”. Equipment Advances used to purchase Eligible Equipment purchased within the Applicable Old Period (as defined below) are referred to herein as the “Old Equipment Advances”. New Equipment
Advances and Old Equipment Advances are both deemed Equipment Advances hereunder. No Equipment Advance may be based on or relate to items of equipment and related property purchased more than 180 days prior to the making of such Equipment Advance
other than as may be permitted based on the category of Equipment Advances relating to Other Equipment as otherwise set forth herein. As used herein “Applicable New Period” shall mean the period beginning on the 90th day prior to the date of the making of the applicable Equipment Advance and ending on the date of the making thereof. As used
herein “Applicable Old Period” shall mean the period beginning on the 180th day prior to the date
of the making of the applicable Equipment Advance and ending on the 91st day prior to the date of the making
thereof. 
 (3) The amount of a New Equipment Advance may not exceed 100% of the equipment invoices for such Eligible Equipment, excluding
taxes, shipping, warranty charges, 

  

 -2- 

 
freight discounts and installation expense. The amount of an Old Equipment Advance may not exceed Borrower’s net book value thereof, as reasonably
determined. The amount of an Equipment Advance based on Other Equipment purchased over 90 days from the date of such Equipment Advance may not exceed Borrower’s net book value thereof, as reasonably determined. 
 (4) Not more than 50% of the original amount of all outstanding Equipment Advances from time to time may be based on or relate to Other Equipment. There
shall be no more than one Equipment Advance per month and the minimum amount thereof shall be $50,000. 
 (5) Interest accrues from the date
of each Equipment Advance at the rate in Section 2.3(a). Further, each Equipment Advance is payable in thirty (30) equal monthly installments principal plus interest beginning on the first day of the month following the making of such
Equipment Advance and continuing on the first day of each of the succeeding twenty-nine months thereafter (such final installment payment date for such Equipment Advance being referred to herein as the “Equipment Maturity Date”), with the
understanding that on each Equipment Maturity Date the related Equipment Advance and all related Obligations shall be repaid in full. Equipment Advances when repaid may not be reborrowed. 
 (6) To obtain an Equipment Advance, Borrower must notify Bank (the notice is irrevocable) by facsimile no later than 12:00 p.m. Pacific time 1 Business
Day before the day on which the Equipment Advance is to be made. The notice in the form of Exhibit B (Payment/Advance Form) must be signed by a Responsible Officer or designee and include a copy of the invoice for the Equipment being financed.

  

	2.2	Overadvances. 

 If Borrower’s Obligations under
Section 2.1 above exceed the applicable borrowing limitations set forth therein, Borrower must immediately pay Bank the excess. 
  

	2.3	Interest Rate, Payments. 

 (1) Interest Rate.
(i) Revolving Advances accrue interest on the outstanding principal balance at a per annum rate of one and one-half percentage points (1.50%) above the Prime Rate; and (ii) Equipment Advances accrue interest on the outstanding
principal balance at a per annum rate of two percentage points (2.00%) above the Prime Rate. After the occurrence and during the continuance of an Event of Default, Obligations accrue interest at five percentage points (5.00%) above the
rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed. 
 (2) Payments. Interest due on the Committed Revolving Line is payable monthly on the first day of each month. Interest due on the Equipment Advances is
payable monthly on the first day of each month as provided in Section 2.1(e). Bank may debit any of Borrower’s deposit accounts for principal and interest payments owing or any amounts Borrower owes 

  

 -3- 

 
Bank. Bank will promptly notify Borrower when it debits Borrower’s accounts in accordance with its customary procedures. These debits are not set-offs.
Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day and additional fees or
interest accrue. 
 (3) Prepayments. Borrower may prepay the balance of the Equipment Advances at any time. 
  

	2.4	Fees. 

 Borrower will pay: 
 (1) Facility Fee. A facility fee relating to the Committed Revolving Line in the amount of $11,250, which is due and payable to the Bank upon the
execution hereof, is in addition to interest and all other amounts payable hereunder and is not refundable (and Bank acknowledges that it has received $10,000 as a deposit from Borrower and will apply such deposit to the payment of such facility
fee); and 
 (2) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and reasonable expenses) incurred through and
after the date of this Agreement, which shall be payable when due. 
  

	3.	CONDITIONS OF LOANS 

  

	3.1	Conditions Precedent to Initial Credit Extension. 

 Bank’s obligation to make the initial Credit Extension is subject to the condition precedent that it receive the agreements, documents and fees it requires. 
  

	3.2	Conditions Precedent to all Credit Extensions. 

 Bank’s obligations to make each Credit Extension, including the initial Credit Extension, is subject to the following: 
 (1)
timely receipt of any Payment/Advance Form; and 
 (2) the representations and warranties in Section 5 must be materially true on the
date of the Payment/Advance Form and on the effective date of each Credit Extension and no Event of Default may have occurred and be continuing, or result from the Credit Extension. Each Credit Extension is Borrower’s representation and
warranty on that date that the representations and warranties of Section 5 remain materially true. 
  

 -4- 

	4.	CREATION OF SECURITY INTEREST 

  

	4.1	Grant of Security Interest. 

 Borrower grants Bank a
continuing security interest in all presently existing and later acquired Collateral to secure all Obligations and performance of each of Borrower’s duties under the Loan Documents. Except for Permitted Liens, any security interest will be a
first priority security interest in the Collateral. If this Agreement is terminated, Bank’s lien and security interest in the Collateral will continue until Borrower fully satisfies its Obligations. 
  

	5.	REPRESENTATIONS AND WARRANTIES 

 Borrower represents and
warrants as follows: 
  

	5.1	Due Organization and Authorization. 

 Each of Borrower and
each Subsidiary is duly existing and in good standing in its state of formation and qualified and licensed to do business in, and in good standing in, any state in which the conduct of its business or its ownership of property requires that it be
qualified, except where the failure to do so could not reasonably be expected to cause a Material Adverse Change. 
 The execution, delivery
and performance of the Loan Documents have been duly authorized, and do not conflict with Borrower’s formation documents, nor constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default
under any agreement to which or by which it is bound in which the default could reasonably be expected to cause a Material Adverse Change. 
  

	5.2	Collateral. 

 Borrower has good title to the Collateral,
free of Liens except Permitted Liens. The Accounts are bona fide, existing obligations, and the service or property has been performed or delivered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the
account debtor. Borrower has no notice of any actual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate (as defined in Section 6.2(b) hereof). All Inventory is in all
material respects of good and marketable quality, free from material defects. 
  

	5.3	Litigation. 

 Except as shown in the Schedule, mere are no
actions or proceedings pending or, to the knowledge of Borrower’s Responsible Officers, threatened by or against Borrower or any Subsidiary in which a likely adverse decision could reasonably be expected to cause a Material Adverse Change.

  

 -5- 

	5.4	No Material Adverse Change in Financial Statements. 

 All
consolidated financial statements for Borrower, and any Subsidiary, delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been
any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank. 
  

	5.5	Solvency. 

 The fair salable value of Borrower’s
assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; the Borrower is not left with unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay its debts (including trade
debts) as they mature. 
  

	5.6	Regulatory Compliance. 

 Borrower is not an
“investment company” or a company “controlled” by an “investment company” under the Investment Company Act. Borrower is not engaged as one of its important activities in extending credit for margin stock (under
Regulations T and U of the Federal Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Borrower has not violated any laws, ordinances or rules, the violation of which could
reasonably be expected to cause a Material Adverse Change. None of Borrower’s or any Subsidiary’s properties or assets has been used by Borrower or any Subsidiary or, to the best of Borrower’s knowledge, by previous Persons, in
disposing, producing, storing, treating, or transporting any hazardous substance other than legally. Borrower and each Subsidiary has timely filed all required tax returns and paid, or made adequate provision to pay, all material taxes, except those
being contested in good faith with adequate reserves under GAAP. Borrower and each Subsidiary has obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all government authorities
that are necessary to continue its business as currently conducted, except where the failure to do so could not reasonably be expected to cause a Material Adverse Change. 
  

	5.7	Subsidiaries. 

 Borrower does not own any stock,
partnership interest or other equity securities except for Permitted Investments. 
  

	5.8	Full Disclosure. 

 No written representation, warranty or
other statement of Borrower in any certificate or written statement given to Bank (taken together with all such written certificates and written statements to Bank) contains any untrue statement of a material fact or omits to state a material fact
necessary to make the statements contained in the certificates or statements not misleading. It being recognized by Bank that the projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as
facts and that actual results 

  

 -6- 

 
during the period or periods covered by such projections and forecasts may differ from the projected and forecasted results. 
  

	6.	AFFIRMATIVE COVENANTS 

 Borrower will do all of the
following for so long as Bank has an obligation to lend, or there are outstanding Obligations: 
  

	6.1	Government Compliance. 

 Borrower will maintain its legal
existence and good standing and the legal existence and good standing of all Subsidiaries’ in the applicable jurisdiction of formation and maintain qualification in each applicable jurisdiction in which the failure to so qualify would
reasonably be expected to cause a material adverse effect on Borrower’s business or operations. Borrower will comply, and have each Subsidiary comply, with all laws, ordinances and regulations to which such party is subject to the extent that
noncompliance therewith could have a material adverse effect on Borrower’s business or operations or could reasonably be expected to cause a Material Adverse Change. 
  

	6.2	Financial Statements, Reports, Certificates. 

 (1) Borrower
will deliver to Bank: (i) as soon as available, but no later than 30 days after the last day of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations during the period
certified by a Responsible Officer and in a form acceptable to Bank; (ii) as soon as available, but no later than 120 days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP,
consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm reasonably acceptable to Bank; (iii) a prompt report of any legal actions pending or threatened against
Borrower or any Subsidiary that could reasonably be expected to result in damages or costs to Borrower or any Subsidiary of $100,000 or more; and (iv) budgets, sales projections, operating plans or other financial information Bank reasonably
requests. 
 (2) Within 20 days after the last day of each month when Revolving Advances are outstanding and in each case prior to making a
Revolving Advance when no Revolving Advances are then outstanding, Borrower will deliver to Bank a Borrowing Base Certificate signed by a Responsible Officer in the form of Exhibit C (“Borrowing Base Certificate”), with aged listings
of accounts receivable and accounts payable. 
 (3) Within 30 days after the last day of each month and together with the delivery of the
annual audited financial statements above, Borrower will deliver to Bank with each of such applicable financial statements a Compliance Certificate signed by a Responsible Officer in the form of Exhibit D. 
  

 -7- 

 (4) Allow Bank to audit Borrower’s Collateral at Borrower’s expense. Such audits will be
conducted no more often than every 6 months unless an Event of Default has occurred and is continuing. 
  

	6.3	Inventory; Returns. 

 Borrower will keep all Inventory in
good and marketable condition, free from material defects. Returns and allowances between Borrower and its account debtors will follow Borrower’s customary practices as they exist at execution of this Agreement. Borrower must promptly notify
Bank of all returns, recoveries, disputes and claims, that involve more than $50,000. 
  

	6.4	Taxes. 

 Borrower will make, and cause each Subsidiary to
make, timely payment of all material federal, state, and local taxes or assessments (other than taxes and assessments which Borrower is contesting in good faith, with adequate reserves maintained in accordance with GAAP) and will deliver to Bank, on
demand, appropriate certificates attesting to the payment. 
  

	6.5	Insurance. 

 Borrower will keep its business and the
Collateral insured for risks and in amounts standard for Borrower’s industry, and as Bank may reasonably request. Insurance policies will be in a form, with companies, and in amounts that are satisfactory to Bank in Bank’s reasonable
discretion. All property policies will have a lender’s loss payable endorsement showing Bank as an additional loss payee and all liability policies will show the Bank as an additional insured and provide that the insurer must give Bank at least
20 days notice before canceling its policy. At Bank’s request, Borrower will deliver certified copies of policies and evidence of all premium payments. If no Event of Default has occurred and is continuing, proceeds payable under any casualty
policy will, at Borrower’s option, be payable to Borrower to replace the property subject to the claim, provided that any such replacement property shall be deemed Collateral in which Bank has been granted a first priority security interest and
shall otherwise be subject to the terms and conditions of this Agreement. If an Event of Default has occurred and is continuing, then, at Bank’s option, proceeds payable under any policy will be payable to Bank on account of the Obligations.

  

	6.6	Primary Accounts. 

 Borrower will maintain its primary
banking and investment account relationships with Bank, which relationships shall include Borrower maintaining deposit and investment account balances in accounts at or through Bank. 
  

	6.7	Financial Covenant. 

 Borrower will maintain as of the last
day of each month a ratio of: 
  

	 	(A)	Quick Assets to 

  

 -8- 

	 	(B)	Current Liabilities plus the aggregate amount of all Obligations hereunder to the extent not otherwise included within Current Liabilities, of at least 1.75 to 1.00.

  

	6.8	Further Assurances. 

 Borrower will execute any further
instruments and take further action as Bank reasonably requests to perfect or continue Bank’s security interest in the Collateral or to effect the purposes of this Agreement. 
  

	7.	NEGATIVE COVENANTS 

 Borrower will not do any of the
following without Bank’s prior written consent, which will not be unreasonably withheld, for so long as Bank has an obligation to lend or there are any outstanding Obligations: 
  

	7.1	Dispositions. 

 Convey, sell, lease, transfer or otherwise
dispose of (collectively “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (i) of Inventory in the ordinary course of business; (ii) of
non-exclusive licenses and similar arrangements for the use of the property of Borrower or its Subsidiaries in the ordinary course of business; (iii) of worn-out or obsolete Equipment; or (iv) transfers of other property in an aggregate
amount not to exceed $50,000 in any fiscal year, provided that such transfers under this clause (iv) shall not occur upon the occurrence and during continuance of a Default or an Event of Default. 
  

	7.2	Changes in Business, Ownership, Management or Business Locations. 

 Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related thereto or have a material change in its management or its ownership of greater than 25%
(other than by the sale of Borrower’s equity securities (i) in a public offering, (ii) to venture capital investors so long as Borrower identifies the venture capital investors prior to the closing of the investment or (iii) to
current investors in the Company). Borrower will not, without at least 30 days prior written notice, relocate its chief executive office or add any new offices or business locations in which Borrower maintains or stores over $25,000 in
Borrower’s assets or property. 
  

	7.3	Mergers or Acquisitions. 

 Merge or consolidate, or permit
any of its Subsidiaries to merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person, except where: (i) no Default or Event
of Default has 

  

 -9- 

 
occurred and is continuing or would result from such action during the term of this Agreement; (ii) such transaction would not result in a decrease of
more than 25% of Tangible Net Worth; and (iii) upon the acquisition of any other Person as otherwise permitted pursuant to the terms of this Section, such Person become an appropriate obligor relating to the Obligations hereunder, as the Bank
may determine, and shall execute such agreements, documents and instruments as are reasonably necessary or appropriate, as the Bank may determine, in order to evidence such debt obligations and to establish a first priority security interest in the
personal property assets of such Person (other than for any intellectual property assets) in favor of Bank, subject to Permitted Liens. A Subsidiary may merge or consolidate into another Subsidiary or into Borrower as long as no Default or Event of
Default is occurring prior thereto or arises or would arise thereafter. 
  

	7.4	Indebtedness. 

 Create, incur, assume, or be liable for any
Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness. 
  

	7.5	Encumbrance. 

 Create, incur, or allow any Lien on any of
its property, or assign or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, or permit any Collateral not to be subject to the first priority security
interest granted here, subject to Permitted Liens. 
  

	7.6	Distributions; Investments. 

 Directly or indirectly
acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so. Pay any dividends or make any distribution or payment to stockholders or redeem, retire or purchase any
capital stock except for repurchases of stock from officers, directors, employees or consultants of Borrower under the terms of applicable repurchase agreements provided that the amount paid by Borrower in connection therewith shall not exceed
$100,000 in any fiscal year, provided, further, no such repurchases shall be made upon the occurrence and during the continuance of a Default or an Event of Default. 
  

	7.7	Transactions with Affiliates. 

 Directly or indirectly
enter into or permit to exist any material transaction with any Affiliate of Borrower except for transactions that are in the ordinary course of Borrower’s business, upon fair and reasonable terms that are no less favorable to Borrower than
would be obtained in an arm’s length transaction with a nonaffiliated Person. 
  

	7.8	Subordinated Debt 

 Make or permit any payment on any
Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt without Bank’s prior written consent. 
  

 -10- 

	7.9	Compliance. 

 Become an “investment company” or a
company controlled by an “investment company,” under the Investment Company Act of 1940 or undertake as one of its important activities extending credit to purchase or carry margin stock, or use the proceeds of any Credit Extension for
that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur; fail to comply with the Federal Fair Labor Standards Act or violate any other law or
regulation, if the violation could reasonably be expected to have a material adverse effect on Borrower’s business or operations or would reasonably be expected to cause a Material Adverse Change, or permit any of its Subsidiaries to do so.

  

	8.	EVENTS OF DEFAULT 

 Any one of the following is an
“Event of Default” hereunder: 
  

	8.1	Payment Default. 

 If Borrower fails to pay any of the
Obligations within 3 days after their due date. During such additional 3 day period the failure to cure such payment default is not an Event of Default hereunder (but no Credit Extension will be made during the cure period); 
  

	8.2	Covenant Default. 

 If Borrower does not perform any
obligation in Section 6 or violates any covenant in Section 7; or 
 If Borrower does not perform or observe any other material
term, condition or covenant in this Agreement, any Loan Documents, or in any agreement between Borrower and Bank and as to any default under a term, condition or covenant that can be cured, has not cured the default within 10 days after it occurs,
or if the default cannot be cured within 10 days or cannot be cured after Borrower’s attempts within 10 day period, and the default may be cured within a reasonable time, then Borrower has an additional period (of not more than 30 days) to
attempt to cure the default. During the additional time, the failure to cure the default is not an Event of Default (but no Credit Extensions will be made during the cure period); 
  

	8.3	Material Adverse Change. 

 If there (i) occurs a
material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment
of the value or priority of Bank’s security interests in the Collateral (any of the foregoing is referred to herein as a “Material Adverse Change”). 
  

 -11- 

	8.4	Attachment. 

 If any material portion of Borrower’s
assets is attached, seized, levied on, or comes into possession of a trustee or receiver and the attachment, seizure or levy is hot removed in 10 days, or if Borrower is enjoined, restrained, or prevented by court order from conducting a material
part of its business or if a judgment or other claim becomes a Lien on a material portion of Borrower’s assets, or if a notice of lien, levy, or assessment is filed against any of Borrower’s assets by any government agency and not paid
within 10 days after Borrower receives notice. These are not Events of Default if stayed or if a bond is posted pending contest by Borrower (but no Credit Extensions will be made during the cure period); 
  

	8.5	Insolvency. 

 If Borrower becomes insolvent or if Borrower
begins an Insolvency Proceeding or an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within 30 days (but no Credit Extensions will be made before any Insolvency Proceeding is dismissed or stayed); 
  

	8.6	Other Agreements. 

 If there is a default in any agreement
between Borrower and a third party that gives the third party the right to accelerate any Indebtedness exceeding $100,000 or that could cause a Material Adverse Change; 
  

	8.7	Judgments. 

 If a money judgment(s) in the aggregate of at
least $50,000 is rendered against Borrower and is unsatisfied and unstayed for 10 days (but no Credit Extensions will be made before the judgment is stayed or satisfied), but an Event of Default shall not arise from the foregoing if any such
judgment or judgments have been submitted to Borrower’s insurance carrier and such insurance carrier has accepted such submissions and determined that they are fully covered liabilities under Borrower’s effective policy with such carrier
for which Borrower shall only be liable for the payment of any applicable deductible; or 
  

	8.8	Misrepresentations. 

 If Borrower or any Person acting for
Borrower makes any material misrepresentation or material misstatement (as of the date such representation or statement was made or is deemed to be made pursuant to the terms and conditions hereof) in any warranty or representation in this Agreement
or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document. 
  

 -12- 

	9.	BANK’S RIGHTS AND REMEDIES 9.1 

  

	9.1	Rights and Remedies. 

 When an Event of Default occurs and
continues Bank may, without notice or demand, do any or all of the following (to the extent any of the following does not violate law): 
 (1) Declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.5 occurs all Obligations are immediately due and payable without any action by Bank); 
 (2) Stop advancing money or extending credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and Bank;

 (3) Settle or adjust disputes and claims directly with account debtors for amounts, on terms and in any order that Bank considers
advisable; 
 (4) Make any payments and do any acts it considers necessary or reasonable to protect its security interest in the Collateral.
Borrower will assemble the Collateral if Bank requires and make it available as Bank designates. Bank may enter premises where the Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase, contest, or
compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of its premises, without charge, to exercise any of Bank’s rights or
remedies; 
 (5) Apply to the Obligations any (i) balances and deposits of Borrower it holds, or (ii) any amount held by Bank owing
to or for the credit or the account of Borrower; 
 (6) Ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise
for sale, and sell the Collateral. Bank is granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s intellectual property assets as they pertain to the Collateral, in completing production of, advertising
for sale, and selling any Collateral and, in connection with Bank’s exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to Bank’s benefit; and 
 (7) Dispose of the Collateral according to the Code. 
  

	9.2	Power of Attorney. 

 Effective only when an Event of
Default occurs and continues, Borrower irrevocably appoints Bank as its lawful attorney to: (i) endorse Borrower’s name on any checks or other forms of payment or security; (ii) sign Borrower’s name on any invoice or bill of
lading for any Account or drafts against account debtors, (iii) make, settle, and adjust all claims under Borrower’s insurance policies; (iv) settle and adjust disputes and claims about the Accounts directly with account debtors, for
amounts and on terms Bank determines reasonable; and (v) transfer the Collateral into the name of Bank or a third party as the Code permits. Bank may 

  

 -13- 

 
exercise the power of attorney to sign Borrower’s name on any documents necessary to perfect or continue the perfection of any security interest
regardless of whether an Event of Default has occurred. Bank’s appointment as Borrower’s attorney in fact, and all of Bank’s rights and powers, coupled with an interest, are irrevocable until all Obligations have been fully repaid and
performed and Bank’s obligation to provide Credit Extensions terminates. 
  

	9.3	Accounts Collection. 

 When an Event of Default occurs and
continues, Bank may notify any Person owing Borrower money of Bank’s security interest in the funds and verify the amount of the Account. Borrower must collect all payments in trust for Bank and, if requested by Bank, immediately deliver the
payments to Bank in the form received from the account debtor, with proper endorsements for deposit. 
  

	9.4	Bank Expenses. 

 If Borrower fails to pay any amount or
furnish any required proof of payment to third persons, Bank may make all or part of the payment or obtain insurance policies required in Section 6.5, and take any action under the policies Bank deems prudent. Any amounts paid by Bank are Bank
Expenses and immediately due and payable, bearing interest at the then applicable rate and secured by the Collateral. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default.

  

	9.5	Bank’s Liability for Collateral. 

 If Bank complies
with reasonable banking practices and the Code, it is not liable for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default
of any carrier, warehouseman, bailee, or other person. Borrower bears all risk of loss, damage or destruction of the Collateral. 
  

	9.6	Remedies Cumulative. 

 Bank’s rights and remedies
under this Agreement, the Loan Documents, and all other agreements are cumulative. Bank has all rights and remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election, and Bank’s waiver
of any Event of Default is not a continuing waiver. Bank’s delay is not a waiver, election, or acquiescence. No waiver is effective unless signed by Bank and then is only effective for the specific instance and purpose for which it was given.

  

	9.7	Demand Waiver. 

 Borrower waives demand, notice of default
or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on which Borrower is
liable. 
  

 -14- 

	10.	NOTICES 

 All notices or demands by any party about this
Agreement or any other related agreement must be in writing and be personally delivered or sent by an overnight delivery service, by certified mail, postage prepaid, return receipt requested, or by telefacsimile to the addresses set forth at the
beginning of this Agreement. A party may change its notice address by giving the other party written notice. 
  

	11.	CHOICE OF LAW. VENUE AND JURY TRIAL WAIVER 

 California law
governs the Loan Documents without regard to principles of conflicts of law. Borrower and Bank each submit to the exclusive jurisdiction of the State and Federal courts in Orange County, California. 
 BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION,
INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 
  

	12.	GENERAL PROVISIONS 

  

	12.1	Successors and Assigns. 

 This Agreement binds and is for
the benefit of the successors and permitted assigns of each party. Borrower may not assign this Agreement or any rights under it without Bank’s prior written consent which may be granted or withheld in Bank’s discretion. Bank has the
right, without the consent of or notice to Borrower, to sell, transfer, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights and benefits under this Agreement. 
  

	12.2	Indemnification. 

 Borrower will indemnify, defend and hold
harmless Bank and its officers, employees, and agents against: (a) all obligations, demands, claims, and liabilities asserted by any other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses or
Bank Expenses incurred, or paid by Bank from, following, or consequential to transactions between Bank and Borrower (including reasonable attorneys fees and expenses), except for losses caused by Bank’s gross negligence or willful misconduct.

  

	12.3	Time of Essence. 

 Time is of the essence for the
performance of all obligations in this Agreement. 
  

 -15- 

	12.4	Severability of Provision. 

 Each provision of this
Agreement is severable from every other provision in determining the enforceability of any provision. 
  

	12.5	Amendments in Writing, Integration. 

 All amendments to
this Agreement must be in writing and signed by Borrower and Bank. This Agreement represents the entire agreement about this subject matter, and supersedes prior negotiations or agreements. All prior agreements, understandings, representations,
warranties, and negotiations between the parties about the subject matter of this Agreement merge into this Agreement and the Loan Documents. 
  

	12.6	Counterparts. 

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

	12.7	Survival. 

 All covenants, representations and warranties
made in this Agreement continue in full force while any Obligations remain outstanding. The obligations of Borrower in Section 12.2 to indemnify Bank will survive until all statutes of limitations for actions that may be brought against Bank
have run. 
  

	12.8	Attorneys’ Fees, Costs and Expenses. 

 In any action
or proceeding between Borrower and Bank arising out of the Loan Documents, the prevailing party will be entitled to recover its reasonable attorneys’ fees and other reasonable costs and expenses incurred, in addition to any other relief to
which it may be entitled. 
  

	13.	DEFINITIONS 

  

	13.1	Definitions. 

 In this Agreement: 
 “Accounts” are all existing and later arising accounts, contract rights, and other obligations owed to Borrower in connection with the
sale or lease of goods (including licensing software and other technology) or provision of services, all credit insurance, guaranties, other security and all merchandise returned or reclaimed by Borrower and Borrower’s Books relating to any of
the foregoing. 
  

 -16- 

 “Affiliate” of a Person is a Person that owns or controls directly or indirectly the
Person, any Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that
Person’s managers and members. 
 “Bank Expenses” are all reasonable audit fees and expenses and reasonable costs and
expenses (including reasonable attorneys’ fees and expenses) for preparing, negotiating, administering, defending and enforcing the Loan Documents (including appeals or Insolvency Proceedings). 
 “Borrower’s Books” are all Borrower’s books and records including ledgers, records regarding Borrower’s assets or
liabilities, the Collateral, business operations or financial condition and all computer programs or discs or any equipment containing the information. 
 “Borrowing Base” means $500,000 plus up to 75% of Eligible Accounts as determined by Bank from Borrower’s most recent Borrowing Base Certificate; provided, however, that Bank
may lower the foregoing percentage after performing audits of Borrower’s Collateral from time to time. 
 “Business
Day” is any day that is not a Saturday, Sunday or a day on which the Bank is closed. 
 “Closing Date” is the date
of this Agreement. 
 “Code” is the California Uniform Commercial Code, as applicable and as amended or otherwise modified
from time to time. 
 “Collateral” is the property described on Exhibit A. 
 “Committed Equipment Line” is a Credit Extension of up to $1,000,000. 
 “Committed Revolving Line” is a credit amount with respect to Revolving Advances amount of up to the aggregate amount of $1,500,000.

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

  

 -17- 

 
liability for it determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under the guarantee or other support
arrangement. 
 “Credit Extension” is each Revolving Advance, Equipment Advance, Letter of Credit, and each other extension
of credit by Bank for Borrower’s benefit. 
 “Current Assets” are amounts that under GAAP should be included on that
date as current assets on Borrower’s consolidated balance sheet. 
 “Current Liabilities” are the aggregate amount of
Borrower’s Total Liabilities which mature within one (1) year. 
 “Default” shall mean any event which with the
passing of time or the giving of notice or both would become an Event of Default hereunder. 
 “Eligible Accounts” are
Accounts in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5; but Bank may change eligibility standards by giving Borrower notice, reasonably concurrent with any
such change. Unless Bank agrees otherwise in writing, Eligible Accounts will not include: 
 (1) Accounts that the account debtor has not
paid within 90 days of invoice date; 
 (2) Accounts for an account debtor, 50% or more of whose Accounts have not been paid within 90 days
of invoice date; 
 (3) Credit balances over 90 days from invoice date; 
 (4) Accounts for an account debtor, including Affiliates, whose total obligations to Borrower exceed 25% of all Accounts, for the amounts that exceed
that percentage, unless the Bank approves in writing; 
 (5) Accounts for which the account debtor does not have its principal place of
business in the United States; 
 (6) Accounts for which the account debtor is a federal, state or local government entity or any department,
agency, or instrumentality; 
 (7) Accounts for which Borrower owes the account debtor, but only up to the amount owed (sometimes called
“contra” accounts, accounts payable, customer deposits or credit accounts); 
 (8) Accounts for demonstration or promotional
equipment, or in which goods are consigned, sales guaranteed, sale or return, sale on approval, bill and hold, or other terms if account debtor’s payment may be conditional; 
  

 -18- 

 (9) Accounts for which the account debtor is Borrower’s Affiliate, officer, employee, or agent;

 (10) Accounts in which the account debtor disputes liability or makes any claim and Bank believes there may be a basis for dispute (but
only up to the disputed or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business; and 
 (11) Accounts for which Bank reasonably determines collection to be doubtful. 
 “Eligible
Equipment” is computer, laboratory test and measurement equipment, and office equipment, and Other Equipment, subject to (1) the limitations set forth below in the definition of Other Equipment and (2) provided that any and all of
such items comply with all of Borrower’s representations, warranties and covenants in favor of the Bank and which are acceptable to Bank in all respects. 
 “Equipment” is all present and future machinery, equipment, tenant improvements, furniture, fixtures, vehicles, tools, parts and attachments in which Borrower has any interest. 
 “Equipment Advance” is defined in Section 2.1.3. “Equipment Availability End Date” is defined in Section 2.1.3.
“Equipment Maturity Date” is defined in Section 2.1.3. 
 “ERISA” is the Employment Retirement Income
Security Act of 1974, and its regulations. 
 “GAAP” is generally accepted accounting principles, consistently applied.

 “Indebtedness” is (a) indebtedness for borrowed money or the deferred price of property or services, such as
reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations and (d) Contingent Obligations. 
 “Insolvency Proceeding” are proceedings by or against any Person under the United States Bankruptcy Code, or any other bankruptcy or
insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief. 
 “Inventory” is present and future inventory in which Borrower has any interest, including merchandise, raw materials, parts, supplies,
packing and shipping materials, work in process and finished products intended for sale or lease or to be furnished under a contract of service, of every kind and description now or later owned by or in the custody or possession, actual or
constructive, of Borrower, including inventory temporarily out of its custody or possession or in transit and including returns on any accounts or other proceeds (including insurance proceeds) from the sale or disposition of any of the foregoing and
any documents of title. 
  

 -19- 

 “Investment” is any beneficial ownership of (including stock, partnership interest or
other securities) any Person, or any loan, advance or capital contribution to any Person. 
 “Letter of Credit” is defined
in Section 2.1.2. 
 “Lien” is a mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance.

 “Loan Documents” are, collectively, this Agreement, any note, or notes or guaranties or third party suretyship
obligations in favor of Bank executed by Borrower or other Persons, as applicable, and any other present or future agreement between Borrower and/or for the benefit of Bank in connection with this Agreement, all as amended, extended or restated.

 “Material Adverse Change” has the meaning set forth in Section 8.3. 
 “Non-Formula Revolving Advances” shall mean those Revolving Advances at any date of determination that comprise the lesser of
(A) $500,000 or (B) the aggregate amount of Revolving Advances outstanding. 
 “Obligations” are debts, principal,
interest, Bank Expenses and other amounts Borrower owes Bank now or later, including with respect to letters of credit, if any, and other credit accommodations extended to the Borrower, together with interest accruing after Insolvency Proceedings of
the Borrower begin and debts, liabilities, or obligations of Borrower assigned to Bank. 
 “Other Equipment” shall mean
furnishings, demo or placement units and other items of equipment and related personal property purchased by Borrower more than 180 days prior to the date of the proposed Equipment Advance (but in no event earlier than January 1, 2001),
together with other items that the Bank determines to be acceptable to it in its discretion. 
 “Permitted Indebtedness” is:

 (a) Borrower’s indebtedness to Bank under this Agreement or any other Loan Document; 
 (b) Indebtedness existing on the Closing Date and shown on the Schedule, as acceptable to Bank; 
 (c) Subordinated Debt; 
 (d) Indebtedness to
trade creditors incurred in the ordinary course of business; 
 (e) Indebtedness relating to capital lease obligations of Borrower regarding
equipment; 
  

 -20- 

 (f) Indebtedness secured by Permitted Liens; 
 (g) Indebtedness secured by purchase money Liens (i) on Equipment acquired or held by Borrower or its Subsidiaries incurred for financing the
acquisition of the Equipment, or (ii) existing on equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the equipment; 
 (h) Indebtedness of Borrower to any Subsidiary provided that any such Indebtedness is Subordinated Debt and Contingent Obligations of any
Subsidiary with respect to obligations of Borrower (provided that the primary obligations are not prohibited hereby), and Indebtedness of any Subsidiary to any other Subsidiary and Contingent Obligations of any Subsidiary with respect to obligations
of any other Subsidiary (provided that the primary obligations are not prohibited hereby); 
 (i) Indebtedness with respect to surety bonds
and similar obligations incurred in the ordinary course of business; 
 (j) Extensions, refinancings, modifications, amendments and
restatements of any items of Permitted Indebtedness (a), (b) and (d) through (i) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon
Borrower or its Subsidiary, as the case may be, provided, further, extensions of existing Subordinated Debt shall also be Permitted Indebtedness hereunder as long as no other material term of such Subordinated Debt or any provision of
any related document or agreement or any term with respect to the rights of Bank relating thereto is modified in connection therewith other than as Bank may consent to in writing. 
 “Permitted Investments” are: 
 (a) Investments shown on the Schedule and existing on the Closing Date; 
 (b) (i) marketable direct obligations issued or
unconditionally guaranteed by the United States or its agency or any State maturing within 1 year from its acquisition, (ii) commercial paper maturing no more than 1 year after its creation and having the highest rating from either
Standard & Poor’s Corporation or Moody’s Investors Service, Inc., (iii) Bank’s certificates of deposit issued maturing no more than 1 year after issue and (iv) any Investments permitted by Borrower’s investment
policy, as amended from time to time, provided that such investment policy has been provided to the Bank and such Investment does not otherwise result in an Event of Default hereunder; 
 (c) Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of
Borrower’s business; 
 (d) Investments accepted in connection with Transfers permitted by Section 7.1; 
 (e) Investments consisting of travel advances and employee relocation loans made in the ordinary course of business but not exceeding $100,000 in the
aggregate at any time, 

  

 -21- 

 
provided no such cash Investment may be made while a Default or an Event of Default is occurring; 
 (f) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of
delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 
 (g) Joint ventures
or strategic alliances in the ordinary course of Borrower’s business consisting of the non-exclusive licensing of technology, the development of technology or the providing of technical support, provided that any cash Investments by
Borrower do not exceed $100,000 in the aggregate in any fiscal year and no such cash Investment may be made while a Default or an Event of Default is then occurring; 
 (h) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates of Borrower, in the ordinary course of business; provided
that this paragraph (h) shall not apply to Investments of Borrower in any Subsidiary and any such above permitted prepaid royalties and other credit extensions shall not exceed $50,000 in any fiscal year, provided, further, that
no new such Investment by Borrower may be made while a Default or an Event of Default has occurred and is continuing; 
 (i) Investments
consisting of loans to employees, consultants, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by Borrower’s board of
directors, provided that the aggregate amount of such loans in any fiscal year of Borrower shall not exceed $50,000 and no new such Investment may be made while a Default or an Event of Default has occurred and is continuing; and 
 (j) Investments consisting of advances or loans or contributions by Borrower to its Subsidiaries and by Subsidiaries in or to other Subsidiaries in an
aggregate amount with respect to all such Investments not to exceed $750,000 at any time outstanding, provided no new such Investment may be made while a Default or an Event of Default has occurred and is continuing. 
 “Permitted Liens” are: 
 (a) Liens existing on the Closing Date and shown on the Schedule or arising under this Agreement or other Loan Documents, and as acceptable to the Bank; 
 (b) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith and for which Borrower maintains adequate reserves on its Books, if they have
no priority over any of Bank’s security interests; 
 (c) Purchase money Liens (i) on Equipment acquired or held by Borrower or its
Subsidiaries incurred for financing the acquisition of the Equipment, or (ii) existing on equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the equipment; 
  

 -22- 

 (d) Non-exclusive licenses or sublicenses granted in the ordinary course of Borrower’s business;

 (e) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (c), but
any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; and 
 (f) Leases or subleases granted by third parties to Borrower entered into in the ordinary course of Borrower’s business, including in connection
with Borrower’s leased premises or leased property. 
 “Person” is any individual, sole proprietorship, partnership,
limited liability company, joint venture, company association, trust, unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 
 “Prime Rate” is Bank’s most recently announced “prime rate,” even if it is not Bank’s lowest rate. 
 “Quick Assets” is, on any date, the Borrower’s consolidated, unrestricted cash, cash equivalents, net billed accounts receivable
and investments with maturities of fewer than 12 month, as determined according in accordance with GAAP. 
 “Responsible
Officer” is each of the Chief Executive Officer, the President, the Chief Financial Officer and the Controller of Borrower. 
 “Revolving Advance” or “Revolving Advances” is a loan advance (or advances) under the Committed Revolving Line. 
 “Revolving Maturity Date” is March 15, 2003, provided that with respect to Non Formula Revolving Advances and Obligations relating thereto, Revolving Maturity Date shall mean the earlier to occur
of March 15, 2003 or the date of the consummation of the next equity financing transaction of Borrower. 
 “Schedule”
is any attached schedule of exceptions. 
 “Subordinated Debt” is debt incurred by Borrower subordinated to Borrower’s
indebtedness owed to Bank and which is reflected in a written agreement in a manner and form acceptable to Bank and approved by Bank in writing. 
 “Subsidiary” is for any Person, or any other business entity of which more than 50% of the voting stock or other equity interests is owned or controlled, directly or indirectly, by the Person or one or more Affiliates of
the Person. 
  

 -23- 

 “Tangible Net Worth” is, on any date, the consolidated total assets of Borrower and its
Subsidiaries minus, (i) any amounts attributable to (a) goodwill, (b) intangible items such as unamortized debt discount and expense, patents, trade and service marks and names, copyrights and research and development expenses
except prepaid expenses, and (c) reserves not already deducted from assets, and (ii) Total Liabilities. 
 “Total
Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and current portion Subordinated Debt allowed to be paid, but excluding
all other Subordinated Debt. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly
authorized representatives as of the date first above written. 
  

			
	 BORROWER:

	  
 SENORX,
INC.

		
	By:	 	 /s/ Lloyd Malchow

		
	 Title:
	 	 President and Chief Executive Officer

	  
 BANK:
  
 SILICON VALLEY BANK

		
	By:	 	 /s/ [Illegible]

		
	Title:	 	  

  

 -24- 

 EXHIBIT A 
 The Collateral consists of all of Borrower’s right, title and interest in and to all of Borrower’s personal property, including without limitation the following: 
 All goods and equipment now owned or hereafter acquired, including, without limitation, all machinery, fixtures, vehicles (including motor vehicles and
trailers), and any interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions, and improvements to any of the foregoing, wherever located; 
 All inventory, now owned or hereafter acquired, including, without limitation, all merchandise, raw materials, parts, supplies, packing and shipping
materials, work in process and finished products including such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returns upon any accounts or other proceeds, including insurance proceeds,
resulting from the sale or disposition of any of the foregoing and any documents of title representing any of the above; 
 All contract
rights and general intangibles now owned or hereafter acquired, including, without limitation, goodwill, trademarks, servicemarks, trade styles, trade names, patents, patent applications, leases, license agreements, franchise agreements, blueprints,
drawings, purchase orders, customer lists, route lists, infringements, claims, computer programs, computer discs, computer tapes, literature, reports, catalogs, design rights, income tax refunds, payments of insurance and rights to payment of any
kind; 
 All now existing and hereafter arising accounts, contract rights, royalties, license rights and all other forms of obligations owing
to Borrower arising out of the sale or lease of goods, the licensing of technology or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as
all merchandise returned to or reclaimed by Borrower; 
 All documents, cash, deposit accounts, securities, securities entitlements,
securities accounts, investment property, financial assets, letters of credit, letter-of-credit rights, commercial tort claims, certificates of deposit, instruments and chattel paper now owned or hereafter acquired and Borrower’s Books relating
to the foregoing; 
 All copyright rights, copyright applications, copyright registrations and like protections in each work of authorship
and derivative work thereof, whether published or unpublished, now owned or hereafter acquired; all trade secret rights, including all rights to unpatented inventions, know-how, operating manuals, license rights and agreements and confidential
information, now owned or hereafter acquired; all mask work or similar rights available for the protection of semiconductor chips, now owned or hereafter acquired; all claims for damages by way of any past, present and future infringement of any of
the foregoing; and 
 All Borrower’s Books relating to the foregoing and any and all claims, rights and interests in any of the above
and all substitutions for, additions and accessions to and proceeds thereof. 

 Notwithstanding the foregoing, the Collateral shall not be deemed to include any copyrights, copyright
applications, copyright registration inventions, mask works, (and applications and registrations therefor), and like protection in each work of authorship and derivative work thereof, whether published or unpublished, now owned or hereafter
acquired; any patents, patent rights, (and applications and registrations therefor) and like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same,
trademarks, servicemarks (and applications therefor), whether registered or not, and the goodwill of the business of Borrower connected with and symbolized by such trademarks, any trade secret rights, including any rights to unpatented inventions,
know-how, operating manuals, license rights and agreements and confidential information, now owned or hereafter acquired; trade names, trade styles, software and computer programs, source code, object code, trade secrets, methods, processes, know
how, drawings, specifications, descriptions, and all memoranda, notes, and records with respect to any research and development, now owned or hereafter acquired or developed by Borrower and whether in tangible or intangible form or contained on
magnetic media readable by machine together with all such magnetic media or any claims for damage by way of any past, present and future infringement of any of the foregoing (collectively, the “Intellectual Property”), except that the
Collateral shall include the proceeds of all the Intellectual Property that are accounts, (i.e. accounts receivable) of Borrower, or general intangibles consisting of rights to payment, if a judicial authority (including a U.S. Bankruptcy Court)
holds that a security interest in the underlying Intellectual Property is necessary to have a security interest in such accounts and general intangibles of Borrower that are proceeds of the Intellectual Property, then the Collateral shall
automatically, and effective as of the Closing Date, include the Intellectual Property to the extent necessary to permit perfection of Bank’s security interest in such accounts and general intangibles of Borrower that are proceeds of the
Intellectual Property. 

 EXHIBIT B 
 LOAN PAYMENT/ADVANCE REQUEST FORM    RE:  SENORX,
INC. 
 DEADLINE FOR SAME DAY PROCESSING is 12:00 P.S.T. 
  

			
	Fax To:	  	Date:______________________

  

									
	  ̈        Loan Payment:
	 		  		  		  	
					
	            From Account #
	 	  	  		  	To Account #	  	  
		 	(Deposit Account #)	  		  		  	(Loan Account #)
	
	            Principal $_______________________________and/or Interest
$________________________________

	
	 All Borrower’s representation and warranties in the Loan and Security Agreement are true, correct and complete in all material respects to on the
date of the telephone transfer request for and advance, but those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects as of the date:

  

			
	            Authorized Signature:____________________________
	  	Phone Number:_____________

  

									
	  ̈        Loan Advance:
	 		  		  		  	
	
	           Complete Outgoing Wire Request section below
if all or a portion of the funds from this loan advance are for an outgoing wire.

					
	           From Account #
	 	  	  		  	To Account #	  	  
		 	(Deposit Account #)	  		  		  	(Loan Account #)
	
	           Amount of Advance $___________________

	
	           All Borrower’s representation and warranties in the Loan and
Security Agreement are true, correct and complete in all material respects to on the date of the telephone transfer request for and advance, but those representations and warranties expressly referring to another date shall be true, correct and
complete in all material respects as of the date:

  

			
	           Authorized Signature:____________________________
	  	Phone Number:_____________

  Outgoing Wire Request 
 Complete only if all or a portion of funds from the loan advance above are to be wired. 
 Deadline for same day processing is 12:00 pm, P.S.T. 
  

			
	           Beneficiary Name:______________________
	  	Amount of Wire: $____________________
		
	           Beneficiary Bank: _______________________
	  	Account Number: _____________________
		
	           City and State: ________________________________
	  	
		
	           Beneficiary Bank Transit (ABA) #:____________________
	  	 Beneficiary Bank Code (Swift, Sort, Chip, etc.):____
 (For International Wire Only)

		
	           Intermediary Bank: _____________________
	  	Transit (ABA) #:_____________________________
	
	           For Further Credit to:
____________________________________________________________________

	
	           Special Instruction:
______________________________________________________________________

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

		
	           Authorized Signature: __________________________
	  	2nd Signature (If Required):___________________
		
	           Print Name/Title: ______________________________
	  	Print Name/Title:____________________________
		
	           Telephone # _________________________________
	  	Telephone # _________________________________

 EXHIBIT C 
 BORROWING BASE CERTIFICATE 
  

							
	Borrower	  	SenoRx	  	Bank:	  	Silicon Valley Bank
3003 Tasman Drive
Santa Clara, CA 95054

 Commitment Amount:             $1,500,000 

 

									
	 ACCOUNTS RECEIVABLE

	1.	  	Accounts Receivable Book Value as of ____	  			  	$	___________
	2.	  	Additions (please explain on reverse)	  			  	$	___________
	3.	  	TOTAL ACCOUNTS RECEIVABLE	  			  	$	___________
			
	ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)	  			  		
	4.	  	Amounts over 90 days due	  	$	___________	  		
	5.	  	Balance of 50% over 90 day accounts	  	$	___________	  		
	6.	  	Credit balances over 90 days	  	$	___________	  		
	7.	  	Concentration Limits	  	$	___________	  		
	8.	  	Foreign Accounts	  	$	___________	  		
	9.	  	Governmental Accounts	  	$	___________	  		
	10.	  	Contra Accounts	  	$	___________	  		
	11.	  	Promotion or Demo Accounts	  	$	___________	  		
	12.	  	Intercompany/Employee Accounts	  	$	___________	  		
	13.	  	Other (please explain on reverse)	  	$	___________	  		
	14.	  	TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS	  			  	$	___________
	15.	  	Eligible Accounts (#3 minus #14)	  			  	$	___________
	16.	  	LOAN VALUE OF ACCOUNTS (75% of #15)	  			  	$	___________
			
	BALANCES	  			  		
	17.	  	Maximum Loan Amount	  	$	___________	  		
	18.	  	Total Funds Available [Lesser of #17 or #16]	  			  	$	___________
	19.	  	Present balance owing on Line of Credit	  	$	___________	  		
	20.	  	Outstanding under Sublimits (LC)	  	$	___________	  		
	21.	  	RESERVE POSITION (#18 minus #19 and #20)	  			  	$	___________

 The undersigned represents and warrants that this is true, complete and correct, and that the information in
this Borrowing Base Certificate complies with the representations and warranties in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. 
 COMMENTS: 
  

									
	SenoRx, Inc.	 		 	 BANK USE ONLY

					
	 By:
	 	  	 		 	 Rec’d By:
	 	  
		 	 Authorized Signer
	 		 		 	 Auth. Signer

					
		 		 		 	 Date:
	 	  
		 		 		 	 Verified:
	 	  
		 		 		 		 	 Auth. Signer

					
		 		 		 	 Date:
	 	  
		 		 		 	  

 EXHIBIT D 
 COMPLIANCE CERTIFICATE 
  

	TO:	SILICON VALLEY BANK 

	  	3003 Tasman Drive Santa Clara, CA 95054 

  

	FROM:	SenoRx, Inc. 

 The undersigned authorized officer of
SenoRx, Inc. (“Borrower”) certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (i) Borrower is in complete compliance for the period ending
_______________ with all required covenants except as noted below and (ii) all representations and warranties in the Agreement are true and correct in all material respects on this date. Attached are the required documents supporting the
certification. The Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Officer
acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined on an ongoing basis and not just at the date this
certificate is delivered. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

									
	 Reporting Covenant
	  	 Required
	  	  	  	 Complies

	Monthly financial statements + CC	  	Monthly within 30 days	  		  	Yes	  	No
	Annual (Audited)	  	FYE within 120 days	  		  	Yes	  	No
	A/R & A/P Agings	  	Monthly within 20 days, when borrowing	  		  	Yes	  	No
	A/R Audit	  	Initial and Semi-Annual	  		  	Yes	  	No
	Borrowing Base Certificate	  	Monthly within 20 days, when borrowing	  		  	Yes	  	No
				
	 Financial Covenant
	  	 Required
	  	 Actual
	  	 Complies

	Maintain on a Monthly Basis:	  		  		  	Yes	  	No
	 Minimum Quick Ratio,
per the loan agreement
	  	1.75:1.00	  	_____:100	  	Yes	  	No

 Comments Regarding Exceptions: See Attached. 
  

									
	 Sincerely,
	 		 	BANK USE ONLY
				
		 		 	 Received by:
	 	  
	 SenoRx, Inc.
	 		 		 	 AUTHORIZED SIGNER

				
	  	 		 	 Date:
	 	  
	 SIGNATURE
	 		 		 	
		 		 	 Verified:
	 	  
				
	  	 		 		 	AUTHORIZED SIGNER
	 TITLE
	 		 	Date:	 	  
			
	  	 		 	 Compliance Status:    ̈ Yes    ̈ No

	 DATE
	 		 	

 Silicon Valley Bank 
 Amendment to Loan and Security 
 Agreement 
  

	Borrower:	SenoRx, Inc. 

  

	Dated:	May 28, 2003 

 THIS AMENDMENT TO LOAN AND
SECURITY AGREEMENT (“Amendment”) is entered into between SILICON VALLEY BANK (“Bank”) and the borrower named above (the “Borrower”). 
 Reference is made to the Loan and Security Agreement between them dated March 15, 2002, as amended (the “Loan Agreement”). Capitalized terms used but not defined in this Amendment, shall have the
meanings set forth in the Loan Agreement. 
 Borrower and Bank desire to modify the terms of the Loan Agreement and the parties hereby agree
to do so as follows: 
 14. Modification to Section 2.1.1(a). Section 2.1.l(a) of the Loan Agreement is hereby
amended to read as follows: 
 “(a) Bank will make Revolving Advances not exceeding (i) the lesser of (A) the Committed
Revolving Line or (B) the Borrowing Base, minus (ii) the sum of amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) and the Credit Card Utilization. Amounts borrowed under this Section
may be repaid and reborrowed during the term of this Agreement.” 
 15. Modification to Section 2.1.2. Section 2.1.2 of
the Loan Agreement is hereby amended to read as follows: 
 “2.1.2 Letters of Credit Sublimit. 
 Bank will issue or have issued letters of credit for Borrower’s account (individually referred as a “Letter of Credit” and collectively
referred to herein as the “Letters of Credit”) not exceeding (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the sum of outstanding principal balance of the Revolving Advances and the Credit Card
Utilization; provided, however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) may not exceed $500,000. Each Letter of Credit will have an expiry date of no later than
180 days after the Revolving Maturity Date, but Borrower’s reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank.
Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.” 
 16.
New Sections 2.1.3A and 2.1.4. Two new sections are hereby added to the Loan Agreement to follow immediately after Section 2.1.3, which new sections shall be entitled “2.1.3A. Equipment A Advances” and
“Section 2.1.4 Business Credit Card Subfacility,” and they shall read respectively as follows: 
 “2.1.3A.
Equipment A Advances. 
 “(a) Through May 28, 2004 (the “Equipment A Availability End Date”), Bank
will make advances (individually referred to herein as an “Equipment A Advance” and collectively as the “Equipment A Advances”) not exceeding $800,000. 
  

 -1- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 (b) Equipment A Advances are to be used to finance Eligible Equipment purchased in the period
beginning on the 90th day prior to the date of the making of the applicable Equipment A Advance and ending on the date of the making thereof. 
 (c) The amount of an Equipment A Advance may not exceed 100% of the equipment invoices for such Eligible Equipment, excluding taxes, shipping, warranty charges, freight discounts and installation expense. Not more than 25% of the
original amount of all outstanding Equipment A Advances from time to time may be based on or relate to Other Equipment. 
 (d) There
shall be no more than one Equipment A Advance per month and the minimum amount thereof shall be $5 0,000. 
 (e) Interest accrues from
the date of each Equipment A Advance at the applicable rate set forth in Section 2.3(a). Further, each Equipment A Advance is payable in thirty-six (36) equal monthly installments principal plus interest beginning on the first
day of the month following the making of such Equipment A Advance and continuing on the first day of each of the succeeding thirty-five months thereafter (such final installment payment date for such Equipment Advance being referred to herein
as the “Equipment A Maturity Date”), with the understanding that on each Equipment A Maturity Date the related Equipment A Advance and all related Obligations shall be repaid in full. Equipment A Advances when repaid
may not be reborrowed. 
 (f) To obtain an Equipment A Advance, Borrower must notify Bank (the notice is irrevocable) by facsimile no
later than 12:00 p.m. Pacific time one Business Day before the day on which the Equipment A Advance is to be made. The notice in the form of Exhibit B (Payment/Advance Form) must be signed by a Responsible Officer or designee and
include a copy of the invoice for the Equipment being financed. 
 2.1.4 Business Credit Card Subfacility. 
 Up to $150,000 of the Committed Revolving Line may be utilized in connection with Bank’s issuance of corporate credit cards for Borrower,
provided that at the time of the issuance of any such credit cards Borrower has available to it Revolving Advances in an amount equal to or greater than the credit limits on the proposed new credit cards (with the aggregate amount of credit
limits on all such outstanding credit cards being collectively referred to herein as the “Credit Card Utilization”). 
  

 -2- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 17. Revised Section 2.3(a) and Section 2.3(b). Subsections (a) and
(b) of Section 2.3 are hereby amended and restated to read, respectively, as follows: 
 (a) Interest Rate. (i) Revolving
Advances accrue interest on the outstanding principal balance at a per annum rate of one and one-quarter percentage points (1.25%) above the Prime Rate, provided that the applicable interest shall in no event be less than 5.50% per
annum; (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of two percentage points (2.00%) above the Prime Rate; and (iii) Equipment A Advances accrue interest on the outstanding
principal balance at a per annum rate of one and three-quarters percentage points (1.75%) above the Prime Rate, provided that the applicable interest shall in no event be less than 6.00% per annum. After the occurrence and during
the continuance of an Event of Default, Obligations accrue interest at five percentage points (5.00%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes.
Interest is computed on a 360 day year for the actual number of days elapsed, 
 (b) Payments. Interest due on the Committed Revolving
Line is payable monthly on the first day of each month. Interest due on the Equipment Advances and the Equipment A Advances is payable monthly on the first day of each month as provided in Section 2.1(e). Bank may debit any of
Borrower’s deposit accounts for principal and interest payments owing or any amounts Borrower owes Bank. Bank will promptly notify Borrower when it debits Borrower’s accounts in accordance with its customary procedures. These debits are
not set-offs. Payments received after 12:00 noon Pacific time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day and
additional fees or interest accrue.” 
 18. Modified Section 6.2(a)(ii). Clause (a)(ii) of Section 6.2 of
the Loan Agreement is hereby amended to read as follows: 
 “(ii) as soon as available, but no later than 180 days after the last
day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm reasonably
acceptable to Bank;” 
  

 -3- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 19. Revised Section 6.6. Section 6.6 of the Loan Agreement is hereby amended
to read as follows: 
 “Section 6.6 Primary Accounts. 
 Borrower will maintain its primary depository and investment accounts with Bank, which shall include Borrower maintaining account balances in any such
accounts at or through Bank representing at least 85% of all account balances of Borrower at any financial institution.” 
 20.
Modified Section 6.7. Section 6.7 of the Loan Agreement is hereby amended to read as follows: 
 “6.7 Financial
Covenant. 
 Borrower will maintain as of the last day of each month a ratio of: 
 (A) Quick Assets to 
 (B) Current Liabilities
plus the aggregate amount of all Obligations hereunder to the extent not otherwise included within Current Liabilities, 
 of at least 1.25 to
1.00.” 
 21. New Section 7.10. A new section is hereby added to the Loan Agreement to follow immediately after
Section 7.9 which new section shall be entitled “7.10. No Further Negative Pledge Agreements” and is to read as follows: 
 “7.10 No Further Negative Pledge Agreements. Without limitation of any other term or condition set forth herein or in any other Loan Document, Borrower shall not enter into any agreements or transactions in which, or otherwise
with respect to which, Borrower agrees not to encumber or create a Lien regarding its Intellectual Property assets.” 
 22.
New Definitions. Section 13 of the Loan Agreement is hereby amended by adding the defined terms of “Credit Card Utilization” and “Equipment A Advances” thereto and inserting such definitions in their
appropriate alphabetical order in such Section: 
 “ ‘Credit Card Utilization’ shall have the meaning set forth in
Section 2.1.4 hereof. 
 ‘Equipment A Advances’ has the meaning set forth in Section 2.1.3A hereof.”

 23. Revised Definitions. Section 13 of the Loan Agreement is hereby amended by amending and restating the definitions
of “Borrowing Base”, “Committed Revolving Line”, “Eligible Accounts”, “Other Equipment”, “Quick Assets” and “Revolving Maturity Date” to read, respectively, as follows: 
 “ ‘Borrowing Base’ means Non-Formula Amount plus up to 75% of Eligible Accounts as determined by Bank from Borrower’s most
recent Borrowing Base 

  

 -4- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 
Certificate; provided, however, that Bank may lower the foregoing percentage after performing audits of Borrower’s Collateral from time to
time. As used herein the term “Non-Formula Amount” shall mean up to the sum of $1,300,000 through January 30, 2004 and up to $ 1,000,000 thereafter. 
 ‘Committed Revolving Line’ is a credit amount with respect to Revolving Advances amount of up to the aggregate amount of Three Million One Hundred Thousand Dollars ($3,100,000). 
 ‘Eligible Accounts’ are Accounts in the ordinary course of Borrower’s business that meet all Borrower’s representations and
warranties in Section 5; but Bank may change eligibility standards by giving Borrower notice, reasonably concurrent with any such change. Unless Bank agrees otherwise in writing, Eligible Accounts will not include: 
 (a) Accounts that the account debtor has not paid within 90 days of invoice date; 
 (b) Accounts for an account debtor, 50% or more of whose Accounts have not been paid within 90 days of invoice date; 
 (c) Credit balances over 90 days from invoice date; 
 (d) Accounts for an account debtor, including Affiliates, whose total obligations to Borrower exceed 25% of all Accounts, for the amounts that exceed that percentage, unless the Bank approves in writing; 

(e) Accounts for which the account debtor does not have its principal place of business in the United States (unless pre-approved by Bank in its
discretion in writing, or backed by a letter of credit satisfactory to Bank, or FCIA insured satisfactory to Bank); 
 (f) Accounts for which
the account debtor is a federal, state or local government entity or any department, agency, or instrumentality (unless, with respect to federally-related account debtor, there has been compliance, to Bank’s satisfaction, with the United States
Assignment of Claims Act); 
 (g) Accounts for which Borrower owes the account debtor, but only up to the amount owed (sometimes called
“contra” accounts, accounts payable, customer deposits or credit accounts); 
 (h) Accounts for demonstration or promotional
equipment, or in which goods are consigned, sales guaranteed, sale or return, sale on approval, bill and hold, or other terms if account debtor’s payment may be conditional; 
  

 -5- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 (i) Accounts for which the account debtor is Borrower’s Affiliate, officer, employee, or agent;

 (j) Accounts in which the account debtor disputes liability or makes any claim and Bank believes there may be a basis for dispute (but only
up to the disputed or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business; and 
 (k) Accounts for which Bank reasonably determines collection to be doubtful. 
 ‘Other
Equipment’ shall mean (A) for purposes of Equipment Advances under Section 2.1.3 hereof, furnishings, demo or placement units and other items of equipment and related personal property purchased by Borrower more than 180 days
prior to the date of the proposed Equipment Advance (but in no event earlier than January 1, 2001), together with other items that the Bank determines to be acceptable to it in its discretion and (B) for purposes of Equipment A
Advances under Section 2.1.3A hereof, leasehold improvements, intangible property such as computer software and software licenses, equipment specifically designed or manufactured for Borrower, training expenses, and other intangible property
acceptable to Bank. 
 “Quick Assets” is, on any date, the Borrower’s consolidated cash, cash equivalents, net trade
accounts receivable and investments with maturities of fewer than 12 months, as determined according in accordance with GAAP and with all such assets being unrestricted other than for general lien of Bank arising hereunder (with the foregoing
not including any asset that is a dedicated asset with respect to the extension of a specific credit accommodation, such as a cash-secured letter of credit) and subject in any event to Permitted Liens, but no holder of any such Permitted Lien shall
be permitted to have any restrictions over the use of any such assets or otherwise have a Lien that has a priority ahead of Bank under any circumstances. 
 ‘Revolving Maturity Date’ is April 30, 2004.” 
 24. Fee. Borrower shall
pay to Bank a facility fee in connection herewith in the amount of $23,250, which shall be in addition to interest and to all other amounts payable under the Loan Agreement, and which shall not be refundable. 
 25. Conditions to Effectiveness. The following shall be conditions precedent to the effectiveness of this Agreement: 
 25.1 Executed Counterparts; Certified Resolutions. Borrower shall deliver to Bank fully executed and authorized counterparts of
this Amendment together with certified corporate 

  

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	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 
resolutions relating hereto that authorize the execution and delivery of this Amendment and the incurring of the obligations referenced herein; 

25.2 Delivery of Stock Warrant. Borrower shall deliver to Bank a warrant to purchase 50,000 shares of Series C Preferred
stock of Borrower at an initial exercise price per share equal to $1.96, in form and substance acceptable to Bank; and 
 25.3
Subordination of Century Medical Note. All Obligations owing from Borrower to Century Medical shall be subordinated on terms and conditions that are acceptable to the Bank in its reasonable discretion. 
 26. Representations True. Borrower represents and warrants to Bank that all representations and warranties in the Loan Agreement, as
amended hereby, are true and correct. 
 27. General Provisions. The amendments and modifications set forth in this Agreement
shall be deemed effective as of the date hereof when all conditions to effectiveness have been satisfied, as Bank has determined. This Amendment, the Loan Agreement, any prior written amendments to the Loan Agreement signed by Bank and the Borrower,
and the other written documents and agreements between Bank and the Borrower set forth in full all of the representations and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, representations,
agreements and understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Loan Agreement, and all other documents and agreements between Bank and the Borrower
shall continue in full force and effect and the same are hereby ratified and confirmed. This Agreement may be executed in any number of counterparts, which when taken together shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written. 
  

									
	Borrower:	 		 	Bank:
			
	SENORX, INC.	 		 	SILICON VALLEY BANK
					
	By	 	 /s/ Lloyd H. Malchow
	 		 	 By
	 	 /s/ [Illegible]

	 Title
	 	 President + CEO
	 		 	 Title
	 	 VP

  

 -7- 

 Silicon Valley Bank 
 Amendment to Loan and Security 
 Agreement 
  

	Borrower:	SenoRx, Inc. 

  

	Dated:	April 30, 2004 

 THIS AMENDMENT TO LOAN AND
SECURITY AGREEMENT (“Amendment”) is entered into between SILICON VALLEY BANK (“Bank”) and the borrower named above (the “Borrower”). 
 Reference is made to the Loan and Security Agreement between them dated March 15, 2002, as amended by that certain Amendment to Loan and Security Agreement dated May 28, 2003, and as amended and otherwise
modified from time to time (referred to herein as the “Loan Agreement”). Capitalized terms used but not defined in this Amendment shall have the meanings set forth in the Loan Agreement. 
 Borrower and Bank desire to modify the terms of the Loan Agreement and the parties hereby agree to do so as follows, with all of such modifications
deemed effective as of the date hereof: 
 1. Revised Section 2.1.3A. Section 2.1.3A is hereby amended to read as
follows: 
 “2.1.3A. Equipment A Advances. 
 “(a) Through December 31, 2004 (the “Equipment A Availability End Date”), Bank will make advances (individually referred to herein as an “Equipment A Advance” and collectively
as the “Equipment A Advances”) not exceeding $1,100,000. It is agreed, however, that as of the date of the April 2004 Amendment, Borrower has already utilized certain of the original availability for Equipment A Advances prior to
the date thereof and therefore as of date of the effectiveness of the April 2004 Amendment, only $483,698.29 of the above referenced $1,100,000 remains for additional Equipment A Advances. 
 (b) Equipment A Advances are to be used to finance Eligible Equipment purchased in the period beginning on the 90th day prior to the date of the
making of the applicable Equipment A Advance and ending on the date of the making thereof. 
 (c) The amount of an Equipment A Advance
may not exceed 100% of the equipment invoices for such Eligible Equipment, excluding taxes, shipping, warranty 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 
charges, freight discounts and installation expense. Not more than 35% of the original amount of all outstanding Equipment A Advances from time to time may
be based on or relate to Other Equipment. 
 (d) There shall be no more than one Equipment A Advance per month and the minimum amount thereof
shall be $50,000. 
 (e) Interest accrues from the date of each Equipment A Advance at the applicable rate set forth in Section 2.3(a).
Further, each Equipment A Advance is payable in thirty-six (36) equal monthly installments principal plus interest beginning on the first day of the month following the making of such Equipment A Advance and continuing on the first day of each
of the succeeding thirty-five months thereafter (such final installment payment date for such Equipment Advance being referred to herein as the “Equipment A Maturity Date”), with the understanding that on each Equipment A Maturity Date the
related Equipment A Advance and all related Obligations shall be repaid in full. Equipment A Advances when repaid may not be reborrowed. 
 (f) To obtain an Equipment A Advance, Borrower must notify Bank (the notice is irrevocable) by facsimile no later than 12:00 p.m. Pacific time one Business Day before the day on which the Equipment A Advance is to be made. The notice in the
form of Exhibit B (Payment/Advance Form) must be signed by a Responsible Officer or designee and include a copy of the invoice for the Equipment being financed.” 
 2. Modified Section 6.7. Section 6.7 of the Loan Agreement is hereby amended to read as follows: 
 “6.7 Financial Covenant. 
 Borrower will maintain as of the last day of each month a ratio of: 
 (A) Quick Assets to 
 (B) Current Liabilities plus the aggregate amount of all Obligations hereunder to the extent not otherwise included within Current Liabilities
less deferred revenue, 
 of at least 1.10 to 1.00.” 
 3. New Definition. Section 13 of the Loan Agreement is hereby amended by adding the defined term of “April 2004
Amendment” thereto and inserting such definition in its appropriate alphabetical order in such Section: 
 “
‘April 2004 Amendment’ shall mean that certain Amendment to Loan and Security Agreement dated April 30, 2004 by and between Bank and Borrower.” 
  

 -2- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 4. Revised Definitions. Section 13 of the Loan Agreement is hereby amended by
amending and restating the definitions of “Borrowing Base”, “Other Equipment” and “Revolving Maturity Date” to read, respectively, as follows: 
 “ ‘Borrowing Base’ means Non-Formula Amount plus up to 75% of Eligible Accounts as determined by Bank from Borrower’s most
recent Borrowing Base Certificate; provided, however, that Bank may lower the foregoing percentage after performing audits of Borrower’s Collateral from time to time. As used herein the term “Non-Formula Amount”
shall mean (i) up to the amount of $1,000,000 in the period from January 31, 2004 through and including June 30, 2004; (ii) up to the amount of $750,000 in the period from July 1, 2004 through and including
December 31,2004; and (iii) up to $500,000 thereafter. 
 ‘Other Equipment’ shall mean (A) for purposes of
Equipment Advances under Section 2.1.3 hereof, furnishings, demo or placement units and other items of equipment and related personal property purchased by Borrower more than 180 days prior to the date of the proposed Equipment Advance (but in
no event earlier than January 1, 2001), together with other items that the Bank determines to be acceptable to it in its discretion and (B) for purposes of Equipment A Advances, leasehold improvements, intangible property such as computer
software and software licenses, equipment specifically designed or manufactured for Borrower, demo or placement units, training expenses, and other intangible property acceptable to Bank. 
 ‘Revolving Maturity Date’ is April 29,2005.” 
 5. Fee. Borrower shall pay to Bank a facility fee in connection herewith in the amount of $23,250, which shall be in addition to interest and to all other amounts payable under the Loan Agreement, and,
further, which shall not be refundable. 
 6. Conditions to Effectiveness. The following shall be conditions precedent to the
effectiveness of this Agreement: 
 6.1 Executed Counterparts: Certified Resolutions. Borrower shall deliver to Bank
fully executed and authorized counterparts of this Amendment together with certified corporate resolutions relating hereto that authorize the execution and delivery of this Amendment and the incurring of the obligations referenced herein; and

 6.2 Delivery of Stock Warrant. Borrower shall deliver to Bank a warrant to purchase 17,347 shares of Series C
Preferred stock of Borrower at an initial exercise price per share equal to $1.96, in form and substance acceptable to Bank; and 
 7.
Representations True. Borrower represents and warrants to Bank that all representations and warranties in the Loan Agreement, as amended hereby, are true and correct. 
  

 -3- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 8. General Provisions. The amendments and modifications set forth in this Agreement
shall be deemed effective as of the date hereof when all conditions to effectiveness have been satisfied, as Bank has determined. This Amendment, the Loan Agreement, any prior written amendments to the Loan Agreement signed by Bank and the Borrower,
and the other written documents and agreements between Bank and the Borrower set forth in full all of the representations and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, representations,
agreements and understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Loan Agreement, and all other documents and agreements between Bank and the Borrower
shall continue in full force and effect and the same are hereby ratified and confirmed. This Agreement may be executed in any number of counterparts, which when taken together shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written. 
  

									
	Borrower:	 		 	Bank:
			
	SENORX, INC.	 		 	SILICON VALLEY BANK
					
	By	 	 /s/ Lloyd Malchow
	 		 	By	 	 /s/ [Illegible]

	Title	 	President & CEO	 		 	Title	 	Vice President

  

 -4- 

 Silicon Valley Bank 
 Amendment to Loan and Security 
 Agreement 
  

			
	Borrower:	  	SenoRx, Inc.
		
	Dated:	  	December 27, 2004

 THIS AMENDMENT TO LOAN AND SECURITY AGREEMENT (“Amendment”) is entered into
between SILICON VALLEY BANK (“Bank”) and the borrower named above (the “Borrower”). 
 Reference is made to the Loan and
Security Agreement between them dated March 15, 2002, as amended from time to time (the “Loan Agreement”). Capitalized terms used but not defined in this Amendment, shall have the meanings set forth in the Loan Agreement. 

Borrower and Bank desire to modify the terms of the Loan Agreement and the parties hereby agree to do so as follows: 
 1. Modification to Section 6.7. Section 6.7 of the Loan Agreement is hereby amended to read as follows: 
 “6.7 Financial Covenant 
 Borrower will maintain as of the last day of each month a ratio of: 
 (A) Quick Assets to 
 (B) Current Liabilities plus the aggregate amount of all Obligations hereunder to the extent not otherwise included within Current Liabilities
less deferred revenue, 
 of at least 1.10 to 1.00; 
 PROVIDED, that the Subordinated Debt owing to Venture Lending & Leasing IV, Inc. that is subject to the VLL Subordination Agreement (as defined below) shall be deemed excluded for purposes of determining the
amount of Current Liabilities in the foregoing financial covenant ratio.” 

 2. Modification to Section 7.8. Section 7.8 of the Loan Agreement is hereby
amended to read as follows: 
 “Section 7.8. Subordinated Debt. 
 Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to
the Subordinated Debt without Bank’s prior written consent, other than modifications of the Subordinated Debt as long as no material term of such Subordinated Debt, any material provision of any related document or any agreement or any term
with respect to the rights of Bank relating thereto is modified in connection therewith other than as Bank may consent to in writing. Without limitation of the foregoing, material terms applicable to Subordinated Debt shall include, without
limitation, an increase in the principal amount of debt, or a change in terms resulting in more burdensome terms or provisions applicable to the Borrower or any other change that impairs the Borrower’s ability to perform its Obligations
hereunder.” 
 3. Addition to Collateral. Section 13 of the Loan Agreement is hereby amended by modifying the
definition of Collateral to add the following thereto statement at the end of Exhibit A to the Loan Agreement: “The Collateral shall also include without limitation all proceeds of Intellectual Property arising from the sale or other
disposition of any kind with respect to the Intellectual Property, including, without limitation, proceeds arising from the licensing of Intellectual Property.” 
 4. Modification of Other Defined Terms. Section 13 of the Loan Agreement is hereby amended by amending and restating the definitions of “Permitted Liens” and “Subordinated Debt”
to read, respectively, as follows: 
 “ ‘Permitted Liens’ are: 
 (a) Liens existing on the Closing Date and shown on the Schedule or arising under this Agreement or other Loan Documents, and as acceptable to the
Bank; 
 (b) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith
and for which Borrower maintains adequate reserves on its Books, if they have no priority over any of Bank’s security interests; 
 (c) Purchase money Liens (i) on Equipment acquired or held by Borrower or its Subsidiaries incurred for financing the acquisition of the Equipment, or (ii) existing on equipment when acquired, if the Lien is confined to the
property and improvements and the proceeds of the equipment; 
  

 -2- 

 (d) Non-exclusive licenses or sublicenses granted in the ordinary course of Borrower’s business;

 (e) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (c), but any
extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; 
 (f) Leases or subleases granted by third parties to Borrower entered into in the ordinary course of Borrower’s business, including in connection with Borrower’s leased premises or leased property; and

 (g) Liens in favor of Venture Lending and Leasing IV, Inc. as long as such liens remain subject to the VLL Subordination Agreement and the
VLL Subordination Agreement remains in full force and effect.” 
 “ ‘Subordinated Debt’ is debt incurred by
Borrower subordinated to Borrower’s indebtedness owed to Bank and which is reflected in a written agreement in a manner and form acceptable to Bank and approved by Bank in writing and shall include the Indebtedness owing to VLL as long as such
Indebtedness remains subject to the VLL Subordination Agreement and the VLL Subordination Agreement remains in full force and effect” 
 5. New Definition. Section 13 of the Loan Agreement is hereby amended by adding the defined term “VLL Subordination Agreement” thereto and inserting such definition in its appropriate alphabetical order in such
Section: 
 “ ‘VLL Subordination Agreement” shall mean that certain Subordination Agreement dated December 27, 2004
between Venture Lending & Leasing IV, Inc. and Bank, as amended or otherwise modified from time to time.” 
 6.
Consent to Negative Pledge Agreement. Bank hereby consents to Borrower’s entering into a negative pledge agreement with respect to its Intellectual Property in favor of Venture Lending & Leasing IV, Inc. (“VLL”) in
connection with the Subordinated Debt owing to VLL subject to the VLL Subordination Agreement and waives any provisions in the Loan Documents to the contrary with respect to, and only with respect, the specific negative pledge agreement referenced
above. 
 7. Representations True. Borrower represents and warrants to Bank that all representations and warranties in the Loan
Agreement, as amended hereby, are true and correct. 
 8. General Provisions. This Amendment, the Loan Agreement, any prior
written amendments to the Loan Agreement signed by Bank and the Borrower, and the other written documents and agreements between Bank and the Borrower set forth in full all of the representations 

  

 -3- 

 
and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, representations, agreements and understandings
between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Loan Agreement, and all other documents and agreements between Bank and the Borrower shall continue in full force and
effect and the same are hereby ratified and confirmed. This Agreement may be executed in any number of counterparts, which when taken together shall constitute one and the same agreement. 
 [Signatures follow on next page] 
  

 -4- 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

  

									
	Borrower:	 		 	Bank:
			
	SENORX, INC.	 		 	SILICON VALLEY BANK
					
	By	 	/s/ Lloyd Malchow	 		 	By	 	/s/ [Illegible]
	Title	 	President & CEO	 		 	Title	 	Relationship Manager

  

 -5- 

 Silicon Valley Bank 
 Amendment to Loan and Security 
 Agreement 
  

	Borrower:	SenoRx, Inc. 

  

	Dated:	April 30, 2005 

 THIS AMENDMENT TO LOAN AND
SECURITY AGREEMENT (“Amendment”) is entered into between SILICON VALLEY BANK (“Bank”) and the borrower named above (the “Borrower”). 
 Reference is made to the Loan and Security Agreement between them dated March 15, 2002, as amended from time to rime (the “Loan Agreement”). Capitalized terms used but not defined in this Amendment,
shall have the meanings set forth in the Loan Agreement. 
 Borrower and Bank desire to modify the terms of the Loan Agreement and the
parties hereby agree to do so as follows: 
 1. Modification to Section 2.1.l(a). Section 2.1.1(a) of the Loan Agreement is
hereby amended to read as follows: 
 “(a) Bank will make Revolving Advances not exceeding (i) the lesser of (A) the Committed
Revolving Line or (B) the Borrowing Base, minus (ii) the sum of amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) and the Credit Card Utilization, provided that there shall be no
deduction for Credit Card Utilization if the only Revolving Advances outstanding on any date of determination are based on the Non-Formula Amount component of the Borrowing Base. Amounts borrowed under this Section may be repaid and reborrowed
during the term of this Agreement.” 
 2. Modification to Section 2.1.2. Section 2.1.2 of the Loan Agreement is hereby
amended to read as follows: 
 “2.1.2 Letters of Credit Sublimit 
 Bank will issue or have issued letters of credit for Borrower’s account (individually referred as a “Letter of Credit” and collectively
referred to herein as the “Letters of Credit”) not exceeding (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the sum of outstanding principal balance of the 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 
Revolving Advances and the Credit Card Utilization, provided that there shall be no deduction for Credit Card Utilization if the only Revolving
Advances outstanding on any date of determination are based on the Non-Formula Amount component of the Borrowing Base); provided, further, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of
Credit) may not exceed $500,000. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date, but Borrower’s reimbursement obligation will be secured by cash on terms acceptable to Bank at any time
after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request” 
 3. New Sections 2.1.3B. A new section is hereby added to the Loan Agreement to follow immediately after Section 2.1.3A, which new
section shall be entitled “2.1.3B. Equipment B Advances”, and such section shall read as follows: 
 “2.1.3B. Equipment B
Advances. 
 “(a) Through March 31, 2006 (the “Equipment B Availability End Date”), Bank will make advances
(individually referred to herein as an “Equipment B Advance” and collectively as the “Equipment B Advances”) not exceeding $600,000. 
 (b) Equipment B Advances are to be used to finance or refinance Eligible Equipment purchased in the period beginning on December 31, 2004 through the Equipment B Availability End Date. 
 (c) The amount of an Equipment B Advance may not exceed 100% of the equipment invoices for such Eligible Equipment, excluding taxes, snipping, warranty
charges, freight discounts and installation expense. Not more than 25% of the original amount of all outstanding Equipment B Advances from time to time may be based on or relate to Other Equipment. 
 (d) There shall be no more than one Equipment B Advance per month and the minimum amount thereof shall be $50,000. 
 (e) Interest accrues from the date of each Equipment B Advance at the applicable rate set forth in Section 2.3(a). Further, each Equipment B Advance
is payable in thirty-six (36) equal monthly installments of principal plus interest beginning on the first day of the month following the making of such Equipment B Advance and continuing on the first day of each of the succeeding thirty-five
months thereafter (such, final installment payment date for such Equipment Advance being referred to herein as the “Equipment B Maturity Date”), with the understanding that on each Equipment B Maturity Date the related Equipment B 

  

 -2- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 
Advance and all related Obligations shall be repaid in full. Equipment B Advances when repaid, in full or in part, may not be reborrowed. 
 (f) To obtain an Equipment B Advance, Borrower must notify Bank (the notice is irrevocable) by facsimile no later than 12:00 p.m. Pacific time one
Business Day before the day on which the Equipment B Advance is to be made. The notice in the form of Exhibit B (Payment/Advance Form) must be signed by a Responsible Officer or designee and include a copy of the invoice for the Equipment being
financed.” 
 4. Revised Section 2.3(a) and Section 2.3(b). Subsections (a) and (b) of Section 2.3 are
hereby amended and restated to read, respectively, as follows: 
 “(a) Interest Rate, (i) Revolving Advances accrue interest on the
outstanding principal balance at a per annum rate of one and one-quarter percentage points (1.25%) above the Prime Rate; (ii) Equipment Advances accrue interest on the outstanding principal balance at a per annum rate of two
percentage points (2.00%) above the Prime Rate; and (iii) Equipment A Advances and Equipment B Advances shall accrue interest on the outstanding principal balance thereof at a per annum rate of one and three-quarters percentage
points (1.75%) above the Prime Rate, provided that the applicable interest shall in no event be less than 6.00% per annum. After the occurrence and during the continuance of an Event of Default, Obligations accrue interest at
five percentage points (5.00%) above the rate effective immediately before the Event of Default. The interest rate increases or decreases when the Prime Rate changes. Interest is computed on a 360 day year for the actual number of days elapsed.

 (b) Payments. Interest due on the Committed Revolving Line is payable monthly on the first day of each month. Interest due on the Equipment
Advances, the Equipment A Advances and the Equipment B Advances is payable monthly on the first day of each month as provided in Section 2.1(e). Bank may debit any of Borrower’s deposit accounts for principal and interest payments owing or
any amounts Borrower owes Bank. Bank will promptly notify Borrower when it debits Borrower’s accounts in accordance with its customary procedures. These debits are not set-offs. Payments received after 12:00 noon Pacific time are considered
received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day and additional fees or interest accrue.” 
  

 -3- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 5. Modified Section 6.7. Section 6.7 of the Loan Agreement is hereby amended and
restated in its entirety to read as follows: 
 “6.7 Financial Covenants. 
  

	 	(A)	Borrower will maintain as of the last day of each month a ratio of: 

  

	 	(i)	Quick Assets to 

  

	 	(ii)	Current Liabilities plus the aggregate amount of all Obligations hereunder to the extent not otherwise included within Current Liabilities less deferred revenue,

 of at least 0.95 to 1.00; 
 PROVIDED, that the Subordinated Indebtedness owing to Venture Lending & Leasing IV, Inc. that is subject to the VLL Subordination Agreement shall be deemed excluded for purposes of determining the amount of
Current Liabilities in the foregoing financial covenant ratio. 
  

	 	(B)	Borrower shall not incur EBITDA consisting of a loss in excess of the following amounts for the indicated periods: <S1,275,000> for the fiscal quarter ending
March 31, 2005; <$950,000> for the fiscal quarter ending June 30, 2005; and <$100,000> for the fiscal quarter ending September 30, 2005. For each quarter end period after September 30, 2005, Borrower shall achieve
positive EBITDA. 

 As used herein the term “EBITDA” shall mean, on a consolidated basis, Borrower’s earnings
before interest, taxes, depreciation and other non-cash amortization expenses and other non-cash expenses of Borrower, determined in accordance with generally accepted accounting principles, consistently applied.” 
 6. New Definition. Section 13 of the Loan Agreement is hereby amended by adding the defined term of “Equipment B Advances” thereto
and inserting such definition in their appropriate alphabetical order in such Section, and with such definition reading as follows: 
 “
‘Equipment B Advances’ has the meaning set forth in Section 2.1.3B hereof.” 
 7. Revised Definitions.
Section 13 of the Loan Agreement is hereby amended by amending and restating the definitions of “Committed Revolving Line”, “Obligations”, “Other Equipment”, and “Revolving Maturity Date” to read,
respectively, as follows: 
 “ ‘Committed Revolving Line’ is an aggregate amount of Revolving Advances of up to Five
Million Dollars ($5,000,000). 
 ‘Obligations’ are debts, principal, interest, Bank Expenses and other amounts Borrower owes
Bank now or later, including with respect to letters of credit, if any, 

  

 -4- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 
and other credit accommodations extended to the Borrower, together with interest accruing after Insolvency Proceedings of the Borrower begin and debts,
liabilities, or obligations of Borrower assigned to Bank and shall include without limitation all Revolving Advances, Equipment Advances, Equipment A Advances and Equipment B Advances, and all interest, fee and other expenses as applicable as set
forth herein pertaining thereto. 
 ‘Other Equipment’ shall mean (A) for purposes of Equipment Advances under
Section 2.1.3 hereof, furnishings, demo or placement units and other items of equipment and related personal property purchased by Borrower more than 180 days prior to the date of the proposed Equipment Advance (but in no event earlier than
January 1, 2001), together with other items that the Bank determines to be acceptable to it in its discretion and (B) for purposes of Equipment A Advances and Equipment B Advances, leasehold improvements, intangible property such as
computer software and software licenses, equipment specifically designed or manufactured for Borrower, demo or placement units, training expenses, and other intangible property and soft costs acceptable to Bank. 
 ‘Revolving Maturity Date’ is April 30, 2006.” 
 8. Fee. Borrower shall pay to Bank a facility fee in connection herewith in the amount of $37,500 , which shall be in addition to interest and to
all other amounts payable under the Loan Agreement, and which shall not be refundable. 
 9. Conditions to Effectiveness. The
following shall be conditions precedent to the effectiveness of this Agreement: 
 9.1 Executed Counterparts: Certified
Resolutions. Borrower shall deliver to Bank fully executed and authorized counterparts of this Amendment together with certified corporate resolutions relating hereto that authorize the execution and delivery of this Amendment and the incurring
of the obligations referenced herein; 
 9.2 Delivery of Stock Warrant. Borrower shall deliver to Bank a warrant to
purchase 6,123 shares of Series C Preferred stock of Borrower at an initial exercise price per share equal to $1.96, in form and substance acceptable to Bank; and 
 9.3 Payment of Fee and Bank Expenses. Borrower shall pay to Bank the fee referred to in Section 8 above plus all Bank Expenses
due and payable on the closing date hereof. 
 10. Representations True. Borrower represents and warrants to Bank that all
representations and warranties in the Loan Agreement, as amended hereby, are true and correct. 
 11. General Provisions. The
amendments and modifications set forth in this Agreement shall be deemed effective as of the date hereof when all conditions to effectiveness have been 

  

 -5- 

			
	Silicon Valley Bank	  	Amendment to Loan Agreement

  

 
satisfied, as Bank has determined. This Amendment, the Loan Agreement, any prior written amendments to the Loan Agreement signed by Bank and the Borrower,
and the other written documents and agreements between Bank and the Borrower set forth in full all of the representations and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, representations,
agreements and understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Loan Agreement, and all other documents and agreements between Bank and the Borrower
shall continue in full force and effect and the same are hereby ratified and confirmed. This Agreement may be executed in any number of counterparts, which when taken together shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written. 
  

									
	Borrower:	 		 	Bank:
			
	SENORX, INC.	 		 	SILICON VALLEY BANK
					
	By	 	/s/ Lloyd Malchow	 		 	By	 	/s/ [Illegible]
	Title	 	President & CEO	 		 	Title	 	Relationship Manager

  

 -6- 

 Silicon Valley Bank 
 Amendment to Loan Agreement 
  

					
	Borrower:	  	SenoRx, Inc.	  	
			
	Dated as of:	  	March 27, 2006	  	

 THIS AMENDMENT TO LOAN AGREEMENT (“Agreement”) is entered into between SILICON
VALLEY BANK (“Bank”) and the borrower named above (the “Borrower”). 
 Reference is hereby made to the Loan and Security
Agreement between Bank and Borrower dated March 15, 2002 (as amended from time to time, the “Loan Agreement”). Capitalized terms used herein and not expressly defined shall have the meaning ascribed such terms in the Loan Agreement.

 The parties agree as follows, effective as of the date hereof: 
 1. Prior Draft Amendment Not Effective. The parties hereto acknowledge that a proposed Amendment to Loan Agreement with a date of “February
    , 2006” was signed by the Borrower (the “Draft Amendment”). The Draft Amendment, however, was never implemented nor deemed effective by the parties and therefore the Draft Amendment shall be considered
of no force or effect. 
 2. Provisions Regarding Certain Defaults. 
 (a) EBITDA Covenant Default; Limited Waiver: Borrower has advised Bank that it has failed to comply with the EBITDA covenant set forth in
Section 6.7(B) of the Loan Agreement as applicable prior to the effectiveness of this Amendment for the quarter end period of December 31, 2005 (the “EBITDA Breach”). Subject to all the terms and conditions set forth herein, Bank
hereby waives the Event of Default arising from EBITDA Breach. 
 (b) Quick Ratio Covenant Defaults; Limited Waiver: Borrower has
advised Bank that it has failed to comply with the adjusted quick ratio covenant set forth in Section 6.7(B) of the Loan Agreement as applicable prior to the effectiveness of this Amendment for the periods ending of January 31, 2006 and
February 28, 2006 (the “Quick Ratio Breaches”). Subject to all the terms and conditions set forth herein, Bank hereby waives the Events of Default arising from Quick Ratio Breaches. 
 (c) Reporting Covenant Default; Further Extension of Date. Borrower has failed to comply with Section 6.2(a)(ii) of the Loan Agreement which
requires that Borrower deliver to Bank audited financial statements within 180 days following the end of Borrower’s fiscal year for Borrower’s fiscal year ended 2004, as previously extended to January 15, 2006 (such default being
referred to herein as the “Reporting Default”). Bank hereby waives the Reporting Default as long as Borrower shall comply with the terms of section 6.2(a)(ii) no later than May 31, 2006; failure to do so by such further extended date
shall constitute an Event of Default at such time. 
 (d) General. It is understood and agreed by the parties hereto that the limited
waivers described herein do not constitute an agreement by Bank to waive any other present or future 

 
Events of Default of any kind, nor an agreement by Bank to waive or forbear from exercising Bank’s rights and remedies in the future regarding the
foregoing covenants in general, or any other present or future Events of Default under the Loan Agreement. 
 3. Modification to
Section 6.2. Section 6.2 of the Loan Agreement is hereby amended to read as follows: 
 “6.2 Financial Statements,
Reports, Certificates. 
 (a) Borrower will deliver to Bank: (i) as soon as available, but no later than 30 days after the last day
of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations during the period certified by a Responsible Officer and in a form acceptable to Bank; (ii) as soon as available,
but no later than 180 days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent
certified public accounting firm reasonably acceptable to Bank, subject to the extension for the foregoing regarding the 2004 fiscal year of Borrower as set forth in the; (iii) a prompt report of any legal actions pending or threatened against
Borrower or any Subsidiary that could reasonably be expected to result in damages or costs to Borrower or any Subsidiary of $100,000 or more; and (iv) budgets, sales projections, operating plans or other financial information Bank reasonably
requests. 
 (b) Within 20 days after the last day of each month when Revolving Advances are outstanding and in each case prior to making a
Revolving Advance when no Revolving Advances are then outstanding, Borrower will deliver to Bank a Borrowing Base Certificate signed by a Responsible Officer in the form of Exhibit C (the “Borrowing Base Certificate”), with aged
listings of accounts receivable and accounts payable. 
 (c) Within 30 days after the last day of each month and together with the delivery of
the annual audited financial statements above, Borrower will deliver to Bank with each of such applicable financial statements a Compliance Certificate signed by a Responsible Officer in the form of Exhibit D. 
 (d) Allow Bank to audit Borrower’s Collateral at Borrower’s expense. Such audits will be conducted no more often than every 6 months unless an
Event of Default has occurred and is continuing.” 
 4. Modified Section 6.7. Section 6.7 of the Loan Agreement is
hereby amended and restated in its entirety to read as follows: 
 “6.7 Financial Covenants. 
 (A) Borrower will maintain as of the last day of each month a ratio of: 
 (i) Quick Assets to 
  

 2 

 (ii) Current Liabilities plus the aggregate amount of all Obligations hereunder to the extent not
otherwise included within Current Liabilities (provided that the indebtedness that may be owing to Bank under the Oxford Facility shall be excluded from the foregoing) less deferred revenue, 
 of at least 0.95 to 1.00; 
 PROVIDED, that
Subordinated Indebtedness that is subject to a subordination agreement acceptable to Bank shall be deemed excluded for purposes of determining the amount of Current Liabilities in the foregoing financial covenant ratio. 
 (B) Borrower shall attain quarterly minimum revenues of $5,000,000 for the quarter end period of March 31, 2006 and $5,500,000 for the quarter end
period of June 30, 2006.” 
 5. Revised Definitions. Section 13 of the Loan Agreement is amended to modify the
below-indicated definitions as follows: 
 “‘Committed Revolving Line’ is an aggregate amount of Revolving
Advances of up to Three Million Five Hundred Thousand Dollars ($3,500,000). 
 “‘Revolving Maturity Date’ is
September 30, 2006.” 
 6. Fee. Borrower shall pay to Bank a fee in connection herewith in the amount of $19,000, which
shall be in addition to interest and to all other amounts payable under the Loan Agreement, and which shall be non-refundable. Bank may charge such fee to Borrower’s loan account, or any other account of Borrower maintained with Bank.

 7. Limitation of Amendments. 
 A. The amendments set forth herein are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or
condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan Document. 
 B. This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties,
covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 
 8. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as follows: 
 A. Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and
complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no Default or Event of Default has
occurred and is continuing; 
  

 3 

 B. Borrower has the power and authority to execute and deliver this Amendment and to perform its
obligations under the Loan Agreement, as amended by this Amendment; 
 C. The organizational documents of Borrower delivered to Bank in
connection with the original execution of the Loan Agreement remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 
 D. The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by
this Amendment, have been duly authorized; 
 E. The execution and delivery by Borrower of this Amendment and the performance by Borrower of
its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower,
(c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 
 F. The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by
this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on either
Borrower, except as already has been obtained or made; and 
 G. This Amendment has been duly executed and delivered by Borrower and is the
binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited under law by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general
application and equitable principles relating to or affecting creditors’ rights. 
 9. Other General Provisions. This Amendment,
the Loan Agreement, any prior written amendments thereto signed by Bank and the Borrower, and the other written documents and agreements between Bank and the Borrower set forth in full all of the representations and agreements of the parties with
respect to the subject matter hereof and supersede all prior discussions, representations, agreements and understandings between the parties with respect to the subject hereof. 
 10. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to
constitute one and the same instrument. 
 11. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution
and delivery to Bank of this Amendment by each party hereto; and (b) Borrower’s payment of the fee set forth herein plus all Bank Expenses incurred in connection herewith. 
 [Signature page follows.] 
  

 4 

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

									
	Borrower:	 		 	Bank:
			
	SENORX, INC.	 		 	SILICON VALLEY BANK
					
	By	 	 /s/ Lloyd. H Malchow
	 		 	By	 	 /s/ [Illegible]

	Title	 	 President & CEO
	 		 	Title	 	 Relationship Manager

  

 5 

 Silicon Valley Bank 
 Amendment to Loan Agreement 
  

			
	Borrower:	  	SenoRx, Inc.
		
	Dated as of:	  	 May 19, 2006

 THIS AMENDMENT TO LOAN AGREEMENT (“Agreement”) is entered into between SILICON
VALLEY BANK (“Bank”) and the borrower named above (the “Borrower”). 
 Reference is hereby made to the Loan and Security
Agreement between Bank and Borrower dated March 15, 2002 (as amended from time to time, the “Loan Agreement”). Capitalized terms used herein and not expressly defined shall have the meaning ascribed such terms in the Loan Agreement.

 The parties agree as follows, effective as of the date hereof: 
 1. Provisions Regarding Certain Defaults; Etc. 
 (a) Quick Ratio Covenant Default; Limited Waiver: Borrower has advised Bank that it has failed to comply with the adjusted quick ratio covenant set forth in Section 6.7(A) of the Loan Agreement (the
“AQR Covenant”) for the period ending March 31, 2006 (the “Quick Ratio Breach”). Subject to all the terms and conditions set forth herein, Bank hereby waives the Event of Default arising from the Quick Ratio Breach.

 (b) Limited Suspension of the AQR Covenant. Further, Borrower has requested that Bank suspend Borrower’s compliance with the
AQR Covenant for the period ending April 30, 2006. Bank is agreeable thereto, and subject to the terms and conditions hereof, Bank hereby suspends Borrower’s compliance with the AQR Covenant for the period ending April 30, 2006, and
only for such period. Borrower shall recommence compliance with the AQR Covenant for the period ending May 31, 2006 and for all applicable times and periods thereafter as is set forth in the Loan Agreement. 
 (c) General. It is understood and agreed by the parties hereto that the limited waiver and the limited suspension of compliance with the
above-described financial covenant described herein do not constitute an agreement by Bank to waive any other present or future Events of Default of any kind, an agreement by Bank to waive or forbear from exercising Bank’s rights and remedies
in the future regarding the foregoing covenants in general, or any other present or future Events of Default under the Loan Agreement, nor an agreement to suspend compliance with any other term or provision of the Loan Agreement now or otherwise in
the future. 
 3. Collateral Examination. It is hereby agreed by the parties hereto that the date for the completion of the Collateral
examination pursuant to Section 6.2(d) of the Loan Agreement is hereby extended to June 30, 2006. 

 4. Limitation of Amendments. 
 A. The amendments set forth herein are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to
(a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any
Loan Document. 
 B. This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions,
representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 
 5. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as follows:

 A. Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true,
accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no Default or Event of
Default has occurred and is continuing; 
 B. Borrower has the power and authority to execute and deliver this Amendment and to perform its
obligations under the Loan Agreement, as amended by this Amendment; 
 C. The organizational documents of Borrower delivered to Bank in
connection with the original execution of the Loan Agreement remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 
 D. The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by
this Amendment, have been duly authorized; 
 E. The execution and delivery by Borrower of this Amendment and the performance by Borrower of
its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower,
(c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 
 F. The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by
this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on either
Borrower, except as already has been obtained or made; and 
 G. This Amendment has been duly executed and delivered by Borrower and is the
binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited under law by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general
application and equitable principles relating to or affecting creditors’ rights. 
 6. Other General Provisions. This Amendment,
the Loan Agreement, any prior written amendments thereto signed by Bank and the Borrower, and the other written documents 

  

 2 

 
and agreements between Bank and the Borrower set forth in full all of the representations and agreements of the parties with respect to the subject matter
hereof and supersede all prior discussions, representations, agreements and understandings between the parties with respect to the subject hereof. 
 7. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
 8. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party
hereto; and (b) Borrower’s payment of the fee set forth herein plus all Bank Expenses incurred in connection herewith. 
 [Signature
page follows.] 
  

 3 

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

									
	Borrower:	 		 	Bank:
			
	SENORX, INC.	 		 	SILICON VALLEY BANK
					
	By	 	/s/ Lloyd H. Malchow 5/18/06	 		 	By	 	/s/ Illegible
	Title	 	V.P. Finance & C.F.O.	 		 	Title	 	Relationship Manager

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