Document:

Exhibit 10.18

 

OMNIAB, INC.

 

INDEMNIFICATION AGREEMENT

 

This Indemnification Agreement
(“Agreement”) is made as of ________ __, 20__ by and between OmniAb, Inc., a Delaware corporation (the “Company”),
and ______________, [a member of the Board of Directors/ an officer] of the Company (“Indemnitee”). This Agreement supersedes
and replaces any and all previous Agreements between the Company and Indemnitee covering indemnification and advancement.

 

RECITALS

 

WHEREAS, the Board of Directors
of the Company (the “Board”) believes that highly competent persons have become more reluctant to serve publicly-held corporations
as directors, officers, or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification
and advancement of expenses against inordinate risks of claims and actions against them arising out of their service to and activities
on behalf of the corporation;

 

WHEREAS, the Board has determined
that, in order to attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense,
liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities. Although the furnishing of such
insurance has been a customary and widespread practice among United States-based corporations and other business enterprises, the Company
believes that, given current market conditions and trends, such insurance may be available to it in the future only at higher premiums
and with more exclusions. At the same time, directors, officers, and other persons in service to corporations or business enterprises
are being increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally
would have been brought only against the Company or business enterprise itself. The Bylaws and Certificate of Incorporation of the Company
require indemnification of the officers and directors of the Company. Indemnitee may also be entitled to indemnification pursuant to the
General Corporation Law of the State of Delaware (the “DGCL”). The Bylaws, Certificate of Incorporation, and the DGCL expressly
provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be entered
into between the Company and members of the board of directors, officers and other persons with respect to indemnification and advancement
of expenses;

 

WHEREAS, the uncertainties
relating to such insurance, to indemnification, and to advancement of expenses may increase the difficulty of attracting and retaining
such persons;

 

WHEREAS, the Board has determined
that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of the Company and its stockholders
and that the Company should act to assure such persons that there will be increased certainty of such protection in the future;

 

WHEREAS, it is reasonable,
prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of, such persons
to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that
they will not be so indemnified;

 

    

     

    

 

WHEREAS, this Agreement is
a supplement to and in furtherance of the Bylaws, Certificate of Incorporation and any resolutions adopted pursuant thereto, and is not
a substitute therefor, nor diminishes or abrogates any rights of Indemnitee thereunder; and

 

WHEREAS, Indemnitee does
not regard the protection available under the Bylaws, Certificate of Incorporation, DGCL and insurance as adequate in the present circumstances,
and may not be willing to serve or continue to serve as an officer or director without adequate additional protection, and the Company
desires Indemnitee to serve or continue to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on additional
service for or on behalf of the Company on the condition that Indemnitee be so indemnified and be advanced expenses.

 

NOW, THEREFORE, in consideration
of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:

 

Section 1.          Services to the Company. Indemnitee agrees to serve as a
[director/officer] of the Company. Indemnitee may at any time and for any reason resign from such position (subject to any other
contractual obligation or any obligation imposed by operation of law). This Agreement does not create any obligation on the Company
to continue Indemnitee in such position and is not an employment contract between the Company (or any of its subsidiaries or any
Enterprise) and Indemnitee.

 

Section 2.          Definitions.
As used in this Agreement:

 

(a)           “Agent”
means any person who is authorized by the Company or an Enterprise to act for or represent the interests of the Company or an Enterprise,
respectively.

 

(b)           A
 “Change in Control” occurs upon the earliest to occur after the date of this Agreement of any of the following events:

 

i.            Acquisition
of Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly,
of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding
securities unless the change in relative beneficial ownership of the Company’s securities by any Person results solely from a reduction
in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors;

 

ii.           Change
in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement),
individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a person
who has entered into an agreement with the Company to effect a transaction described in Sections 2(b)(i), 2(b)(iii) or 2(b)(iv))
whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds
of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election
was previously so approved, cease for any reason to constitute at least a majority of the members of the Board;

 

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iii.          Corporate
Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a merger or consolidation
which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to
represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the
combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and
with the power to elect at least a majority of the board of directors or other governing body of such surviving entity;

 

iv.          Liquidation.
The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for the sale or disposition by
the Company of all or substantially all of the Company’s assets; and

 

v.           Other
Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined below),
whether or not the Company is then subject to such reporting requirement.

 

vi.          For
purposes of this Section 2(b), the following terms have the following meanings:

 

		1	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

 

		2	“Person” has the meaning as set forth in Sections 13(d) and 14(d) of the Exchange
Act; provided, however, that Person excludes (i) the Company, (ii) any trustee or other fiduciary holding securities under an
employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company
in substantially the same proportions as their ownership of stock of the Company.

 

		3	“Beneficial Owner” has the meaning given to such term in Rule 13d-3 under the Exchange
Act; provided, however, that Beneficial Owner excludes any Person otherwise becoming a Beneficial Owner by reason of the stockholders
of the Company approving a merger of the Company with another entity.

 

(c)           “Corporate
Status” describes the status of a person who is or was acting as a director, officer, employee, fiduciary, or Agent of the Company
or an Enterprise.

 

(d)           “Disinterested
Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is
sought by Indemnitee.

 

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(e)           “Enterprise”
means any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity for which
Indemnitee is or was serving at the request of the Company as a director, officer, employee, or Agent.

 

(f)            “Expenses”
includes all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts and other professionals, witness
fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, any federal,
state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement,
ERISA excise taxes and penalties, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting,
defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding.
Expenses also include (i) Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation
the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, and (ii) for
purposes of Section 14(d) only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense
of Indemnitee’s rights under this Agreement, by litigation or otherwise. The parties agree that for the purposes of any advancement
of Expenses for which Indemnitee has made written demand to the Company in accordance with this Agreement, all Expenses included in such
demand that are certified by affidavit of Indemnitee’s counsel as being reasonable in the good faith judgment of such counsel will
be presumed conclusively to be reasonable. Expenses, however, do not include amounts paid in settlement by Indemnitee or the amount of
judgments or fines against Indemnitee.

 

(g)           “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is,
nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party
(other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification
agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” does not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement.

 

(h)           “Potential
Change in Control” means the occurrence of any of the following events: (i) the Company enters into any written or oral agreement,
undertaking or arrangement, the consummation of which would result in the occurrence of a Change in Control; (ii) any Person or the
Company publicly announces an intention to take or consider taking actions which if consummated would constitute a Change in Control;
(iii) any Person who becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 5% or more of
the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors increases
his beneficial ownership of such securities by 5% or more over the percentage so owned by such Person on the date hereof; or (iv) the
Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred.

 

(i)            The
term “Proceeding” includes any threatened, pending or completed action, suit, claim, counterclaim, cross claim, arbitration,
mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or

 

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completed proceeding, whether brought in the right
of the Company or otherwise and whether of a civil, criminal, administrative, legislative, or investigative (formal or informal) nature,
including any appeal therefrom, in which Indemnitee was, is or will be involved as a party, potential party, non-party witness or otherwise
by reason of Indemnitee’s Corporate Status or by reason of any action taken by Indemnitee (or a failure to take action by Indemnitee)
or of any action (or failure to act) on Indemnitee’s part while acting pursuant to Indemnitee’s Corporate Status, in each
case whether or not serving in such capacity at the time any liability or Expense is incurred for which indemnification, reimbursement,
or advancement of Expenses can be provided under this Agreement. A Proceeding also includes a situation the Indemnitee believes in good
faith may lead to or culminate in the institution of a Proceeding.

 

Section 3.          Indemnity
in Third-Party Proceedings. The Company will indemnify Indemnitee in accordance with the provisions of this Section 3 if Indemnitee
is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of the Company
to procure a judgment in its favor. Pursuant to this Section 3, the Company will indemnify Indemnitee to the fullest extent permitted
by applicable law against all Expenses, judgments, fines and amounts paid in settlement (including all interest, assessments and other
charges paid or payable in connection with or in respect of such Expenses, judgments, fines and amounts paid in settlement) actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein,
if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the
Company and, in the case of a criminal Proceeding had no reasonable cause to believe that Indemnitee’s conduct was unlawful.

 

Section 4.          Indemnity
in Proceedings by or in the Right of the Company. The Company will indemnify Indemnitee in accordance with the provisions of this
Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 4, the Company will indemnify Indemnitee to the fullest extent
permitted by applicable law against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection
with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in or not opposed to the best interests of the Company. The Company will not indemnify Indemnitee for Expenses under this Section 4
related to any claim, issue or matter in a Proceeding for which Indemnitee has been finally adjudged by a court to be liable to the Company,
unless, and only to the extent that, the Delaware Court of Chancery or any court in which the Proceeding was brought determines upon application
by Indemnitee that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly
and reasonably entitled to indemnification.

 

Section 5.          Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement, to the fullest
extent permitted by applicable law, the Company will indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee
in connection with any Proceeding the extent that Indemnitee is successful, on the merits or otherwise. If Indemnitee is not wholly successful
in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such
Proceeding, the Company will indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection with or related to

 

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each successfully resolved claim, issue or matter
to the fullest extent permitted by law. For purposes of this Section 5 and without limitation, the termination of any claim, issue
or matter in such a Proceeding by dismissal, with or without prejudice, will be deemed to be a successful result as to such claim, issue
or matter.

 

Section 6.          Indemnification
For Expenses of a Witness. Notwithstanding any other provision of this Agreement and to the fullest extent permitted by applicable
law, the Company will indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection with any Proceeding to which Indemnitee is not a party but to which Indemnitee is a witness, deponent, interviewee,
or otherwise asked to participate.

 

Section 7.          Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion
of Expenses, but not, however, for the total amount thereof, the Company will indemnify Indemnitee for the portion thereof to which Indemnitee
is entitled.

 

Section 8.          Additional
Indemnification. Notwithstanding any limitation in Sections 3, 4, or 5, the Company will indemnify Indemnitee to the fullest extent
permitted by applicable law (including but not limited to, the DGCL and any amendments to or replacements of the DGCL adopted after the
date of this Agreement that expand the Company’s ability to indemnify its officers and directors) if Indemnitee is a party to or
threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its
favor).

 

Section 9.          Exclusions.
Notwithstanding any provision in this Agreement, the Company is not obligated under this Agreement to make any indemnification payment
to Indemnitee in connection with any Proceeding:

 

(a)           for
which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except to
the extent provided in Section 15(b) and except with respect to any excess beyond the amount paid under any insurance policy
or other indemnity provision; or

 

(b)           for
(i) an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within
the meaning of Section 16(b) of the Exchange Act (as defined in Section 2(b) hereof) or similar provisions of state
statutory law or common law, (ii) any reimbursement of the Company by the Indemnitee of any bonus or other incentive-based or equity-based
compensation or of any profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the
Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304
of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase
and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act) or (iii) any reimbursement of the
Company by Indemnitee of any compensation pursuant to any compensation recoupment or clawback policy adopted by the Board or the compensation
committee of the Board, including but not limited to any such policy adopted to comply with stock exchange listing requirements implementing
Section 10D of the Exchange Act; or

 

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(c)           initiated
by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors,
officers, employees or other indemnitees, unless (i) the Proceeding or part of any Proceeding is to enforce Indemnitee’s rights
to indemnification or advancement, of Expenses, including a Proceeding (or any part of any Proceeding) initiated pursuant to Section 14
of this Agreement, (ii) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (iii) the
Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law.

 

Section 10.        Advances
of Expenses.

 

(a)           The
Company will advance, to the extent not prohibited by law, the Expenses incurred by Indemnitee in connection with any Proceeding (or any
part of any Proceeding) not initiated by Indemnitee or any Proceeding (or any part of any Proceeding) initiated by Indemnitee if (i) the
Proceeding or part of any Proceeding is to enforce Indemnitee’s rights to obtain indemnification or advancement of Expenses from
the Company or Enterprise, including a proceeding initiated pursuant to Section 14 or (ii) the Board authorized the Proceeding
(or any part of any Proceeding) prior to its initiation. The Company will advance the Expenses within thirty (30) days after the receipt
by the Company of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of
any Proceeding.

 

(b)           Advances
will be unsecured and interest free. Indemnitee undertakes to repay the amounts advanced (without interest) to the extent that it is ultimately
determined that Indemnitee is not entitled to be indemnified by the Company, thus Indemnitee qualifies for advances upon the execution
of this Agreement and delivery to the Company. No other form of undertaking is required other than the execution of this Agreement. The
Company will make advances without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s
ultimate entitlement to indemnification under the other provisions of this Agreement.

 

Section 11.        Procedure
for Notification of Claim for Indemnification or Advancement.

 

(a)           Indemnitee
will notify the Company in writing of any Proceeding with respect to which Indemnitee intends to seek indemnification or advancement of
Expenses hereunder as soon as reasonably practicable following the receipt by Indemnitee of written notice thereof. Indemnitee will include
in the written notification to the Company a description of the nature of the Proceeding and the facts underlying the Proceeding and provide
such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what
extent Indemnitee is entitled to indemnification following the final disposition of such Proceeding. Indemnitee’s failure to notify
the Company will not relieve the Company from any obligation it may have to Indemnitee under this Agreement, and any delay in so notifying
the Company will not constitute a waiver by Indemnitee of any rights under this Agreement. The Secretary of the Company will, promptly
upon receipt of such a request for indemnification or advancement, advise the Board in writing that Indemnitee has requested indemnification
or advancement.

 

(b)           The
Company will be entitled to participate in the Proceeding at its own expense.

 

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Section 12.        Procedure
Upon Application for Indemnification.

 

(a)           Unless
a Change of Control has occurred, the determination of Indemnitee’s entitlement to indemnification will be made:

 

i.            by
a majority vote of the Disinterested Directors, even though less than a quorum of the Board;

 

ii.           by
a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of
the Board;

 

iii.          if
there are no such Disinterested Directors or, if such Disinterested Directors so direct, by written opinion provided by Independent Counsel
selected by the Board; or

 

iv.          if
so directed by the Board, by the stockholders of the Company.

 

(b)           If
a Change in Control has occurred, the determination of Indemnitee’s entitlement to indemnification will be made by written opinion
provided by Independent Counsel selected by Indemnitee (unless Indemnitee requests such selection be made by the Board).

 

(c)           The
party selecting Independent Counsel pursuant to subsection (a)(iii) or (b) of this Section 12 will provide written notice
of the selection to the other party. The notified party may, within ten (10) days after receiving written notice of the selection
of Independent Counsel, deliver to the selecting party a written objection to such selection; provided, however, that such
objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent
Counsel” as defined in Section 2 of this Agreement, and the objection will set forth with particularity the factual basis of
such assertion. Absent a proper and timely objection, the person so selected will act as Independent Counsel. If such written objection
is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection
is withdrawn or the Delaware Court has determined that such objection is without merit. If, within thirty (30) days after the later of
submission by Indemnitee of a written request for indemnification pursuant to Section 11(a) hereof and the final disposition
of the Proceeding, Independent Counsel has not been selected or, if selected, any objection to has not been resolved, either the
Company or Indemnitee may petition the Delaware Court for the appointment as Independent Counsel of a person selected by such court or
by such other person as such court designates. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 14(a) of
this Agreement, Independent Counsel will be discharged and relieved of any further responsibility in such capacity (subject to the
applicable standards of professional conduct then prevailing).

 

(d)           Indemnitee
will cooperate with the person, persons or entity making the determination with respect to Indemnitee’s entitlement to indemnification,
including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged
or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination.
The Company will advance and pay any Expenses incurred by Indemnitee in so cooperating with the person, persons or entity making the indemnification
determination irrespective of the determination as to Indemnitee’s entitlement to indemnification and the Company hereby indemnifies
and agrees to hold Indemnitee

 

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harmless therefrom. The Company promptly will
advise Indemnitee in writing of the determination that Indemnitee is or is not entitled to indemnification, including a description of
any reason or basis for which indemnification has been denied and providing a copy of any written opinion provided to the Board by Independent
Counsel.

 

(e)           If
it is determined that Indemnitee is entitled to indemnification, the Company will make payment to Indemnitee within thirty (30) days after
such determination.

 

Section 13.        Presumptions
and Effect of Certain Proceedings.

 

(a)           In
making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination
will, to the fullest extent not prohibited by law, presume Indemnitee is entitled to indemnification under this Agreement if Indemnitee
has submitted a request for indemnification in accordance with Section 11(a) of this Agreement, and the Company will, to the
fullest extent not prohibited by law, have the burden of proof to overcome that presumption. Neither the failure of the Company (including
by its directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement
that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination
by the Company (including by its directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, will
be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

(b)           If
the determination of the Indemnitee’s entitlement to indemnification has not been made pursuant to Section 12 within sixty
(60) days after the later of (i) receipt by the Company of Indemnitee’s request for indemnification pursuant to Section 11(a) and
(ii) the final disposition of the Proceeding for which Indemnitee requested Indemnification (the “Determination Period”),
the requisite determination of entitlement to indemnification will, to the fullest extent not prohibited by law, be deemed to have been
made and Indemnitee will be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission
of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification,
or (ii) a prohibition of such indemnification under applicable law. The Determination Period may be extended for a reasonable time,
not to exceed an additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to
indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating
thereto; and provided, further, the Determination Period may be extended an additional fifteen (15) days if the determination of entitlement
to indemnification is to be made by the stockholders pursuant to Section 12(a)(iv) of this Agreement.

 

(c)           The
termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of
nolo contendere or its equivalent, will not (except as otherwise expressly provided in this Agreement) of itself adversely affect
the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee
had reasonable cause to believe that Indemnitee’s conduct was unlawful.

 

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(d)           For
purposes of any determination of good faith, Indemnitee will be deemed to have acted in good faith if Indemnitee acted based on the
records or books of account of the Company, its subsidiaries, or an Enterprise, including financial statements, or on information supplied
to Indemnitee by the directors or officers of the Company, its subsidiaries, or an Enterprise in the course of their duties, or on the
advice of legal counsel for the Company, its subsidiaries, or an Enterprise or on information or records given or reports made to the
Company or an Enterprise by an independent certified public accountant or by an appraiser, financial advisor or other expert selected
with reasonable care by or on behalf of the Company, its subsidiaries, or an Enterprise. Further, Indemnitee will be deemed to have
acted in a manner “not opposed to the best interests of the Company,” as referred to in this Agreement if Indemnitee acted
in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the participants and beneficiaries of an employee
benefit plan. The provisions of this Section 13(d) is not exclusive and does not limit in any way the other circumstances in
which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.

 

(e)           The
knowledge and/or actions, or failure to act, of any director, officer, trustee, partner, managing member, fiduciary, Agent or employee
of the Enterprise may not be imputed to Indemnitee for purposes of determining Indemnitee’s right to indemnification under this
Agreement.

 

Section 14.        Remedies
of Indemnitee.

 

(a)           Indemnitee
may commence litigation against the Company in the Delaware Court of Chancery to obtain indemnification or advancement of Expenses provided
by this Agreement in the event that (i) a determination is made pursuant to Section 12 of this Agreement that Indemnitee is
not entitled to indemnification under this Agreement, (ii) the Company does not advance Expenses pursuant to Section 10 of this
Agreement, (iii) the determination of entitlement to indemnification is not made pursuant to Section 12 of this Agreement within
the Determination Period, (iv) the Company does not indemnify Indemnitee pursuant to Section 5 or 6 or the second to last sentence
of Section 12(d) of this Agreement within thirty (30) days after receipt by the Company of a written request therefor, (v) the
Company does not indemnify Indemnitee pursuant to Section 3, 4, 7, or 8 of this Agreement within thirty (30) days after a determination
has been made that Indemnitee is entitled to indemnification, or (vi) in the event that the Company or any other person takes or
threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding
designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to the Indemnitee hereunder. Alternatively, Indemnitee,
at Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration
Rules of the American Arbitration Association. Indemnitee must commence such Proceeding seeking an adjudication or an award in arbitration
within one hundred and eighty (180) days following the date on which Indemnitee first has the right to commence such Proceeding pursuant
to this Section 14(a); provided, however, that the foregoing clause does not apply in respect of a Proceeding brought
by Indemnitee to enforce Indemnitee’s rights under Section 5 of this Agreement. The Company will not oppose Indemnitee’s
right to seek any such adjudication or award in arbitration.

 

(b)           If
a determination is made pursuant to Section 12 of this Agreement that Indemnitee is not entitled to indemnification, any judicial
proceeding or arbitration commenced

 

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pursuant to this Section 14 will be conducted
in all respects as a de novo trial, or arbitration, on the merits and Indemnitee may not be prejudiced by reason of that adverse
determination. In any judicial proceeding or arbitration commenced pursuant to this Section 14 the Company will have the burden of
proving Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be and will not introduce evidence of
the determination made pursuant to Section 12 of this Agreement.

 

(c)           If
a determination is made pursuant to Section 12 of this Agreement that Indemnitee is entitled to indemnification, the Company will
be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.

 

(d)           The
Company is, to the fullest extent not prohibited by law, precluded from asserting in any judicial proceeding or arbitration commenced
pursuant to this Section 14 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and will
stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement.

 

(e)           It
is the intent of the Company that, to the fullest extent permitted by law, the Indemnitee not be required to incur legal fees or other
Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or
otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee
hereunder. The Company, to the fullest extent permitted by law, will (within thirty (30) days after receipt by the Company of a written
request therefor) advance to Indemnitee such Expenses which are incurred by Indemnitee in connection with any action concerning this Agreement, Indemnitee’s
right to indemnification or advancement of Expenses from the Company, or concerning any directors’ and officers’ liability
insurance policies maintained by the Company, and will indemnify Indemnitee against any and all such Expenses unless the court determines
that each of the Indemnitee’s claims in such Proceeding were made in bad faith or were frivolous or are prohibited by law.

 

Section 15.        Non-exclusivity;
Survival of Rights; Insurance; Subrogation.

 

(a)           The
indemnification and advancement of Expenses provided by this Agreement are not exclusive of any other rights to which Indemnitee may at
any time be entitled under applicable law, the Certificate of Incorporation, the Bylaws, any agreement, a vote of stockholders or a resolution
of directors, or otherwise. The indemnification and advancement of Expenses provided by this Agreement may not be limited or restricted
by any amendment, alteration or repeal of this Agreement in any way with respect to any action taken or omitted by Indemnitee in Indemnitee’s
Corporate Status occurring prior to any amendment, alteration or repeal of this Agreement. To the extent that a change in Delaware law,
whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under
the Bylaws, Certificate of Incorporation, or this Agreement, it is the intent of the parties hereto that Indemnitee enjoy by this Agreement
the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or

 

    -11-

     

    

 

remedy, and every other right and remedy is cumulative
and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion
or employment of any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion or employment of any other right
or remedy.

 

(b)           The
Company hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement of Expenses and/or insurance provided
by one or more other Persons with whom or which Indemnitee may be associated. The relationship between the Company and such other Persons,
other than an Enterprise, with respect to the Indemnitee’s rights to indemnification, advancement of Expenses, and insurance is
described by this subsection, subject to the provisions of subsection (d) of this Section 15 with respect to a Proceeding concerning
Indemnitee’s Corporate Status with an Enterprise.

 

i.            The
Company hereby acknowledges and agrees:

 

1)            the
Company is the indemnitor of first resort with respect to any request for indemnification or advancement of Expenses made pursuant to
this Agreement concerning any Proceeding arising from or related to Indemnitee’s Corporate Status with the Company;

 

2)            the
Company is primarily liable for all indemnification and indemnification or advancement of Expenses obligations for any Proceeding arising
from or related to Indemnitee’s Corporate Status, whether created by law, organizational or constituent documents, contract (including
this Agreement) or otherwise;

 

3)            any
obligation of any other Persons with whom or which Indemnitee may be associated to indemnify Indemnitee and/or advance Expenses to Indemnitee
in respect of any proceeding are secondary to the obligations of the Company’s obligations;

 

4)            the
Company will indemnify Indemnitee and advance Expenses to Indemnitee hereunder to the fullest extent provided herein without regard to
any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated or insurer of any such Person;
and

 

ii.           the
Company irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated from any claim
of contribution, subrogation, reimbursement, exoneration or indemnification, or any other recovery of any kind in respect of amounts paid
by the Company to Indemnitee pursuant to this Agreement.

 

iii.          In
the event any other Person with whom or which Indemnitee may be associated or their insurers advances or extinguishes any liability or
loss for Indemnitee, the payor has a right of subrogation against the Company or its insurers for all amounts so paid which would otherwise
be payable by the Company or its insurers under this Agreement. In no event will payment by any other Person with whom or which Indemnitee
may be associated or their insurers affect the obligations of the Company hereunder or shift primary liability for the Company’s
obligation to indemnify or advance of Expenses to any other Person with whom or which Indemnitee may be associated.

 

    -12-

     

    

 

iv.          Any
indemnification or advancement of Expenses provided by any other Person with whom or which Indemnitee may be associated is specifically
in excess over the Company’s obligation to indemnify and advance Expenses or any valid and collectible insurance (including but
not limited to any malpractice insurance or professional errors and omissions insurance) provided by the Company.

 

(c)           To
the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees,
or Agents of the Company, the Company will obtain a policy or policies covering Indemnitee to the maximum extent of the coverage available
for any such director, officer, employee or Agent under such policy or policies, including coverage in the event the Company does not
or cannot, for any reason, indemnify or advance Expenses to Indemnitee as required by this Agreement. If, at the time of the receipt of
a notice of a claim pursuant to this Agreement, the Company has director and officer liability insurance in effect, the Company will give
prompt notice of such claim or of the commencement of a Proceeding, as the case may be, to the insurers in accordance with the procedures
set forth in the respective policies. The Company will thereafter take all necessary or desirable action to cause such insurers to pay,
on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. Indemnitee
agrees to assist the Company efforts to cause the insurers to pay such amounts and will comply with the terms of such policies, including
selection of approved panel counsel, if required.

 

(d)           The
Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee for any Proceeding concerning Indemnitee’s Corporate
Status with an Enterprise will be reduced by any amount Indemnitee has actually received as indemnification or advancement of Expenses
from such Enterprise. The Company and Indemnitee intend that any such Enterprise (and its insurers) be the indemnitor of first resort
with respect to indemnification and advancement of Expenses for any Proceeding related to or arising from Indemnitee’s Corporate
Status with such Enterprise. The Company’s obligation to indemnify and advance Expenses to Indemnitee is secondary to the obligations
the Enterprise or its insurers owe to Indemnitee. Indemnitee agrees to take all reasonably necessary and desirable action to obtain from
an Enterprise indemnification and advancement of Expenses for any Proceeding related to or arising from Indemnitee’s Corporate Status
with such Enterprise.

 

(e)           In
the event of any payment made by the Company under this Agreement, the Company will be subrogated to the extent of such payment to all
of the rights of recovery of Indemnitee from any Enterprise or insurance carrier. Indemnitee will execute all papers required and take
all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit
to enforce such rights.

 

Section 16.        Duration
of Agreement. This Agreement continues until and terminates upon the later of: (a) ten (10) years after the date that Indemnitee
ceases to have a Corporate Status or (b) one (1) year after the final termination of any Proceeding then pending in respect
of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any Proceeding commenced by Indemnitee
pursuant to Section 14 of this Agreement relating thereto. The indemnification and advancement of Expenses rights provided by or
granted pursuant to this Agreement are binding upon and be enforceable by the parties hereto and their respective successors and assigns
(including any direct or indirect successor by purchase, merger,

 

    -13-

     

    

 

consolidation or otherwise to all or substantially
all of the business or assets of the Company), continue as to an Indemnitee who has ceased to be a director, officer, employee or Agent
of the Company or of any other Enterprise, and inure to the benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, devisees,
executors and administrators and other legal representatives.

 

Section 17.        Severability.
If any provision or provisions of this Agreement is held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the
validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any
Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) will not in any way be affected or impaired thereby and remain enforceable to the fullest extent permitted by
law; (b) such provision or provisions will be deemed reformed to the extent necessary to conform to applicable law and to give the
maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including,
without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable,
that is not itself invalid, illegal or unenforceable) will be construed so as to give effect to the intent manifested thereby.

 

Section 18.        Interpretation.
Any ambiguity in the terms of this Agreement will be resolved in favor of Indemnitee and in a manner to provide the maximum indemnification
and advancement of Expenses permitted by law. The Company and Indemnitee intend that this Agreement provide to the fullest extent permitted
by law for indemnification and advancement in excess of that expressly provided, without limitation, by the Certificate of Incorporation,
the Bylaws, vote of the Company stockholders or disinterested directors, or applicable law.

 

Section 19.        Enforcement.

 

(a)           The
Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order
to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving or continuing to serve as a director or officer of the Company.

 

(b)           This
Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided,
however, that this Agreement is a supplement to and in furtherance of the Certificate of Incorporation, the Bylaws and applicable law,
and is not a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder.

 

Section 20.        Modification
and Waiver. No supplement, modification or amendment of this Agreement is binding unless executed in writing by the parties hereto.
No waiver of any of the provisions of this Agreement will be deemed or constitutes a waiver of any other provisions of this Agreement
nor will any waiver constitute a continuing waiver.

 

Section 21.        Notice
by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment,

 

    -14-

     

    

 

information or other document relating to any
Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. The failure of Indemnitee to
so notify the Company does not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise.

 

Section 22.        Notices.
All notices, requests, demands and other communications under this Agreement will be in writing and will be deemed to have been duly given
if (a) delivered by hand to the other party, (b) sent by reputable overnight courier to the other party or (c) sent by
facsimile transmission or electronic mail, with receipt of oral confirmation that such communication has been received:

 

(a)           If
to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee provides to
the Company.

 

(b)           If
to the Company to:

 

		Name:	OmniAb, Inc.

		Address:	5980 Horton Street, Suite 405

Emeryville, CA 94608

		Attention:	Chief Legal Officer

		Email:	[CBerkman]@OmniAb.com

 

or to any other address as may have been furnished to Indemnitee by
the Company.

 

Section 23.        Contribution.
To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, will contribute to the amount incurred by Indemnitee, whether
for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim
relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances
of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or
transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers,
employees and Agents) and Indemnitee in connection with such event(s) and/or transaction(s).

 

Section 24.        Applicable
Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties are governed by, and construed and enforced
in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration
commenced by Indemnitee pursuant to Section 14(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally
(i) agree that any action or Proceeding arising out of or in connection with this Agreement may be brought only in the Delaware Court
of Chancery and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent
to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or Proceeding arising out of or in connection
with this Agreement, (iii) waive any objection to the laying of venue of any such action or Proceeding in the Delaware Court, and
(iv) waive, and agree not to plead or to make, any claim that any such

 

    -15-

     

    

 

action or Proceeding brought in the Delaware Court
has been brought in an improper or inconvenient forum.

 

Section 25.        Identical
Counterparts. This Agreement may be executed in one or more counterparts, each of which will for all purposes be deemed to be an original
but all of which together constitutes one and the same Agreement. Only one such counterpart signed by the party against whom enforceability
is sought needs to be produced to evidence the existence of this Agreement.

 

Section 26.        Headings.
The headings of this Agreement are inserted for convenience only and do not constitute part of this Agreement or affect the construction
thereof.

 

IN WITNESS WHEREOF, the parties
have caused this Agreement to be signed as of the day and year first above written.

 

	OMNIAB, INC.	 	INDEMNITEE
	 	 	 	 
	 	 	 	 
	By:	 	 	 	 
	Name:	 	 	Name: 	 
	Office:	 	 	Address: 	 
	 	 	 	 
	 	 	 	 

 

    -16-Exhibit 10.19

 

LAB LEASE

 

BETWEEN

 

EMERY STATION OFFICE II, LLC (LANDLORD)

 

AND

 

CRYSTAL BIOSCIENCE, INC. (TENANT)

 

EMERY STATION NORTH

 

Emeryville, California

     

     

    

 

	ARTICLE 1	BASIC LEASE PROVISIONS	1
	1.1	BASIC LEASE PROVISIONS	1
	1.2	ENUMERATION OF EXHIBITS AND RIDER	2
	1.3	DEFINITIONS	3
	ARTICLE 2	PREMISES, TERM, FAILURE TO GIVE POSSESSION, AND PARKING	8
	2.1	LEASE OF PREMISES	8
	2.2	TERM	9
	2.3	FAILURE TO GIVE POSSESSION	9
	2.4	CONDITION OF PREMISES	10
	2.5	PARKING	10
	ARTICLE 3	RENT	11
	ARTICLE 4	RENT ADJUSTMENTS AND PAYMENTS	11
	4.1	RENT ADJUSTMENTS	11
	4.2	STATEMENT OF LANDLORD	11
	4.3	BOOKS AND RECORDS	12
	4.4	TENANT OR LEASE SPECIFIC TAXES	13
	ARTICLE 5	SECURITY DEPOSIT	13
	ARTICLE 6	SERVICES	14
	6.2	ELECTRICAL SERVICES	14
	6.3	ADDITIONAL AND AFTER HOUR SERVICES	15
	6.4	TELEPHONE SERVICES	15
	6.5	DELAYS IN FURNISHING SERVICES	16
	6.6	CHOICE OF SERVICE PROVIDER	16
	6.7	SIGNAGE	17
	ARTICLE 7	POSSESSION, USE AND CONDITION OF PREMISES	17
	7.1	POSSESSION AND USE OF PREMISES	17
	7.2	LANDLORD ACCESS TO PREMISES; APPROVALS	27
	7.3	QUIET ENJOYMENT	28
	ARTICLE 8	MAINTENANCE	28
	8.1	LANDLORD’S MAINTENANCE	28
	8.2	TENANT’S MAINTENANCE	29
	ARTICLE 9	ALTERATIONS AND IMPROVEMENTS	29
	9.1	TENANT ALTERATIONS	29
	9.2	LIENS	31
	ARTICLE 10	ASSIGNMENT AND SUBLETTING	31
	10.1	ASSIGNMENT AND SUBLETTING	31
	10.2	RECAPTURE	32
	10.3	EXCESS RENT	33
	10.4	TENANT LIABILITY	33
	10.5	ASSUMPTION AND ATTORNMENT	34
	10.6	PROCESSING EXPENSES	34
	ARTICLE 11	DEFAULT AND REMEDIES	34
	11.1	EVENTS OF DEFAULT	34
	11.2	LANDLORD’S REMEDIES	35

     

     

    

 

	11.3	ATTORNEY’S FEES	37
	11.4	BANKRUPTCY	38
	11.5	LANDLORD’S DEFAULT	39
	ARTICLE 12	SURRENDER OF PREMISES	39
	12.1	IN GENERAL	39
	12.2	LANDLORD’S RIGHTS	40
	ARTICLE 13	HOLDING OVER	40
	ARTICLE 14	DAMAGE BY FIRE OR OTHER CASUALTY	40
	14.1	SUBSTANTIAL UNTENANTABILITY	40
	14.2	INSUBSTANTIAL UNTENANTABILITY	41
	14.3	RENT ABATEMENT	42
	14.4	WAIVER OF STATUTORY REMEDIES	42
	ARTICLE 15	EMINENT DOMAIN	42
	15.1	TAKING OF WHOLE OR SUBSTANTIAL PART	42
	15.2	TAKING OF PART	42
	15.3	COMPENSATION	43
	ARTICLE 16	INSURANCE	43
	16.1	TENANT’S INSURANCE	43
	16.2	FORM OF POLICIES	44
	16.3	LANDLORD’S INSURANCE	44
	16.4	WAIVER OF SUBROGATION	44
	16.5	NOTICE OF CASUALTY	45
	ARTICLE 17	WAIVER OF CLAIMS AND INDEMNITY	46
	17.1	WAIVER OF CLAIMS	46
	17.2	INDEMNITY BY TENANT	46
	ARTICLE 18	RULES AND REGULATIONS	47
	18.1	RULES	47
	18.2	ENFORCEMENT	47
	ARTICLE 19	LANDLORD’S RESERVED RIGHTS	47
	ARTICLE 20	ESTOPPEL CERTIFICATE	48
	20.1	IN GENERAL	48
	20.2	ENFORCEMENT	48
	ARTICLE 21	RELOCATION OF TENANT	48
	ARTICLE 22	REAL ESTATE BROKERS	49
	ARTICLE 23	MORTGAGEE PROTECTION	49
	23.1	SUBORDINATION AND ATTORNMENT	49
	23.2	MORTGAGEE PROTECTION	50
	ARTICLE 24	NOTICES	50
	ARTICLE 25	MISCELLANEOUS	51
	25.1	LATE CHARGES	51
	25.2	NO JURY TRIAL; VENUE; JURISDICTION	51
	25.3	DICRIMINATION	53
	25.4	OPTION	53
	25.5	TENANT AUTHORITY	53
	25.6	ENTIRE AGREEMENT	53
	25.7	MODIFICATION OF LEASE FOR BENEFIT OF MORTGAGEE	53

     

     

    

 

	25.8	EXCULPATION	54
	25.9	ACCORD AND SATISFACTION	54
	25.10	LANDLORD’S OBLIGATIONS ON SALE OF BUILDING	54
	25.11	BINDING EFFECT	54
	25.12	CAPTIONS	54
	25.13	TIME; APPLICABLE LAW; CONSTRUCTION	55
	25.14	ABANDONMENT	55
	25.15	LANDLORD’S RIGHT TO PERFORM TENANT’S DUTIES	55
	25.16	SECURITY SYSTEM	55
	25.17	NO LIGHT, AIR OR VIEW EASEMENTS	56
	25.18	RECORDATION	56
	25.19	SURVIVAL	56
	25.20	RIDERS	56

     

     

    

 

OFFICE LEASE

 

ARTICLE 1

BASIC LEASE PROVISIONS

 

1.1 BASIC LEASE PROVISIONS

 

In the event of any conflict between these Basic
Lease Provisions and any other Lease provision, such other Lease provision shall control.

 

(1) BUILDING AND ADDRESS:

 

Emery Station North

5980 Horton Street

Emeryville, California 94608

 

(2) LANDLORD AND ADDRESS:

 

Emery Station Office II, LLC

1120 Nye Street, Suite 400

San Rafael, California 94901

 

(3) TENANT AND CURRENT ADDRESS:

 

(a)      Name:
Crystal Bioscience, Inc.

 

(b)     State
of incorporation: California

 

Notices to Tenant shall be addressed:

 

At the Premises

 

Attention: Robert Etches

 

(4) DATE OF LEASE: as of ____________, 2009

 

(5) LEASE TERM: Sixty (60) Months (plus
any partial month following the Commencement Date).

 

(6) PROJECTED COMMENCEMENT DATE: February 23,
2009

 

(7) PROJECTED EXPIRATION DATE: The last day
of the sixtieth (60th) full calendar month following the Commencement

 

Date.

 

    	 	1	 

     

    

 

(8) MONTHLY BASE RENT: For any partial month
following the Commencement Date plus for the full twelve (12) calendar months following, Monthly Base Rent shall be $15,208.60 (said
amount to be pro-rated in any partial month). Upon the start of the thirteenth (13th) full calendar month of the Term and annually thereafter,
Monthly Base Rent shall increase by three percent (3%).

 

Tenant shall prepay twelve calendar months’
Monthly Base Rent (i.e. $182,503.92) as well as prepay twelve (12) calendar months of Rent Adjustment Deposits (hereafter defined)
on the Date of Lease.

 

(9) RENTABLE AREA OF THE PREMISES: 6,820
square feet

 

(10) SUITE NUMBER: 405

 

(11) SECURITY DEPOSIT: $51,352.24 (representing
three (3) months’ Monthly Base Rent based on the rental rate applicable to the last year of the Lease Term). The Security Deposit
shall be paid on the Date of Lease.

 

(12) TENANT’S USE OF PREMISES: General office
and research and development use, including lab and related uses.

 

(13) PARKING: Up to ten (10) unreserved parking
spaces in the Terraces garage, free of charge

 

(14) BROKERS:

 

Landlord’s Broker:     Mike
Raffetto at CB Real Estate

Tenant’s Broker:         Rico
Chung at GVA/Kidder Matthews

 

(15) TENANT IMPROVEMENT ALLOWANCE: Tenant will
accept the Premises in their as-is condition subject only to Landlord’s agreement, at its sole cost and expense, to provide a $25,000.00
Tenant Improvement Allowance to be applied pursuant to the Workletter Agreement (Exhibit B).

 

ENUMERATION OF EXHIBITS AND RIDER

 

The Exhibits and Rider set forth below and attached
to this Lease are incorporated in this Lease by this reference:

 

EXHIBIT A      Plan
of Premises

EXHIBIT B      Workletter
Agreement

EXHIBIT C-1   Laboratory
Rules and Regulations

EXHIBIT C-2   Rules and
Regulations

RIDER 1           Extension
Option

RIDER 2           Commencement
Date Agreement

    	 	2	 

     

    

 

1.2 DEFINITIONS

 

For purposes hereof, the following terms shall
have the following meanings:

 

AFFILIATE: Any corporation or other business entity
that is currently owned or controlled by, owns or controls, or is under common ownership or control with Tenant.

 

BUILDING: The building located at the address
specified in Section 1.1. The Building may include office, lab, retail and other uses.

 

COMMENCEMENT DATE: The date specified in Section 1.1
as the Projected Commencement Date, unless changed by operation of Article Two.

 

COMMON AREAS: All areas of the Project made available
by Landlord from time to time for the general common use or benefit of the tenants of the Building, and their employees and invitees,
or the public, as such areas currently exist and as they may be changed from time to time.

 

DECORATION: Tenant Alterations which do not require
a building permit and which do not involve any of the structural elements of the Building, or any of the Building’s systems, including
its electrical, mechanical, plumbing, security, heating, ventilating, air-conditioning, communication, and fire and life safety systems.

 

DEFAULT RATE: Two (2) percentage points above
the rate then most recently announced by Bank of America N.T.& S.A. at its San Francisco main office as its base lending reference
rate, from time to time announced, but in no event higher than the maximum rate permitted by Law.

 

EXPIRATION DATE: The date specified in Section 1.1,
as determined under Article Two.

 

FORCE MAJEURE: Any accident, casualty, act of
God, war or civil commotion, strike or labor troubles, or any cause whatsoever beyond the reasonable control of a party, including water
shortages, energy shortages or governmental preemption in connection with an act of God, a national emergency, or by reason of Law, or
by reason of the conditions of supply and demand which have been or are affected by act of God, war or other emergency.

 

INDEMNITEES: Collectively, Landlord, any Mortgagee
or ground lessor of the Property, the property manager and the leasing manager for the Property and their respective partners, members,
directors, officers, agents and employees.

 

LAND: The parcel(s) of real estate on which
the Building and Project are located.

 

LANDLORD WORK: The construction or installation
of improvements to the Premises, to be furnished by Landlord, as specifically described in the Workletter or exhibits attached hereto.

    	 	3	 

     

    

 

LAWS OR LAW: All laws, ordinances, rules, regulations,
other requirements, orders, rulings or decisions adopted or made by any governmental body, agency, department or judicial authority having
jurisdiction over the Property, the Premises or Tenant’s activities at the Premises and any covenants, conditions or restrictions
of record which affect the Property.

 

LEASE: This instrument and all exhibits and riders
attached hereto, as may be amended from time to time.

 

LEASE YEAR: The twelve month period beginning
on the Commencement Date and ending on the last day of the 12th full month thereafter, and each subsequent twelve month, or shorter (if
applicable), period until the Expiration Date.

 

MONTHLY BASE RENT: The monthly rent specified
in Section 1.1.

 

MORTGAGEE: Any holder of a mortgage, deed of trust
or other security instrument encumbering the Property.

 

NATIONAL HOLIDAYS: New Year’s Day, Memorial
Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day and other holidays recognized by the Landlord and the janitorial
and other unions servicing the Building in accordance with their contracts.

 

OPERATING EXPENSES: All costs, expenses and disbursements
of every kind and nature which Landlord shall pay or become obligated to pay in connection with the ownership, management, operation,
maintenance, replacement and repair of the Building and the Property (including, without limitation, property management fees, costs and
expenses, and the amortized portion of any Permitted Capital Expenditure, together with interest thereon, and the costs of changing utility
service providers) including the cost of operating the health center and conference room in Emery Station 1 for the benefit of the Project.
Operating Expenses shall not include, (i) costs of alterations of the premises of tenants of the Project, (ii) costs of capital
improvements to the Project (except for amortized portion of capital improvements installed for the purpose of reducing or controlling
Operating Expenses or complying with applicable Laws which were not in force or enforced against the Property as of the Commencement Date
of this Lease (collectively, “Permitted Capital Expenditures”), (iii) depreciation charges, (iv) interest, amortization,
attorney fees, costs of environmental investigations or reports, points, fees, and other lender costs and closing costs on any mortgage
or mortgages, ground lease payments, principal payments on loans or other debt instrument encumbering the Building or the Project (except
for loans for Permitted Capital Expenditures as provided above), (v) depreciation, interest, and amortization on ground rental payments,
(vi) real estate brokerage and leasing commissions, (vii) advertising and marketing expenses, (viii) costs of Landlord
reimbursed by insurance proceeds, or a third party. Insurance proceeds which reimburse Landlord for any casualty loss or damage which
was previously passed through as an Operating Expense shall be deducted from Operating Expenses in the year in which they are received,
except that any deductible amount under any insurance policy shall be included within Operating Expenses; (ix) legal fees and expenses
incurred in negotiating leases of tenants or prospective tenants or other prospective occupants of the Project or enforcing lease obligations
of tenants in the Project; (x) Landlord’s general corporate overhead, and general administrative expenses, including the salaries
of management personnel who are not directly related to the Building or Project and primarily engaged in the operation, maintenance, and
repair

    	 	4	 

     

    

 

of the Building or Project, except to the extent that those costs and
expenses are included in the management fees; (xi) the cost of providing any service directly to and paid directly by any tenant;
(xii) The cost of maintaining the interior portions of the Premises; the costs of maintaining the HVAC, fire sprinkler system, or
other systems; security; trash disposal or janitorial services within the leased Premises, which are paid directly by Tenant; (xiii) any
costs expressly excluded from Operating Expenses elsewhere in this Lease; (xiv) insurance premiums to the extent of any refunds of
those premiums; and insurance deductibles in excess of commercially reasonable levels for comparable buildings; (xv) any bad debt
loss, rent loss, or reserves for bad debt or rent loss; (xvi) interest or penalties resulting from: (a) late payment of any
Operating Expense by Landlord due to Landlord’s negligence or willful misconduct (unless Landlord in good faith disputes a charge
and subsequently loses or settles that dispute); or (b) Any amount payable by Landlord to any tenant resulting from Landlord’s
default in its obligations to that tenant; (xvii) Costs, fees, and compensation paid to Landlord, or to Landlord’s subsidiaries
or affiliates, for services in or to the Building or the Project to the extent that they exceed the charges for comparable services rendered
by an unaffiliated third party of comparable skill, competence, stature, and reputation; (xviii) management fees in excess of three
and one-half (3 1/2%) percent of the Gross Receipts from the Building; (xix) costs associated with (a) operation of the business
of the ownership of the Building or Project or entity that constitutes Landlord or Landlord’s property manager, as distinguished
from the cost of Building or Project operations, including the costs of partnership or corporate accounting and legal matters; defending
or prosecuting any lawsuit with any mortgagee, lender, ground lessor, broker, tenant, occupant, or prospective tenant or occupant; selling
or syndicating any of Landlord’s interest in the Building or Project; and disputes between Landlord and Landlord’s property
manager; (b) wages, salaries, and other compensation paid to any executive employee of Landlord or Landlord’s property manager
above the grade of building manager for the Building or Project (accounting is presently handled off-site); (xxi) costs arising from
the presence of any Hazardous Material in or about the Premises, Building, or Real Property (including Hazardous Material in the ground,
water, or soil) that was not placed in the Premises, Building, or Real Property by Tenant; (xxii) costs incurred because the Building,
Project, or Common Areas violate any valid, applicable building code, regulation, or law in effect and as interpreted by government authorities
before the date on which this Lease is signed. This exclusion from Operating Expenses shall include fines, penalties, interest, and the
costs of repairs, replacements, alterations, or improvements necessary to make the Building, Project, or Common Areas comply with applicable
past laws in effect and as interpreted by government authorities before the date on which this Lease is signed, such as sprinkler installation
or requirements under the Americans with Disabilities Act of 1990 (42 USC §§12101-12213); (xxiii) costs of: (a) initial
construction of the Building; (b) reconstruction of the Building (other than any allowable deductibles); (c) modification, alteration,
or repair of any portion of the Building due to faulty construction (other than by Tenant) or latent defects in that construction where
the obligation for the same is otherwise described herein as an obligation of Landlord; or (d) correcting latent defects in the Building
or any equipment or fixtures appurtenant to, or used in, the Building, except as otherwise provided in this Lease; (xxiv) Costs incurred
in installing, operating, and maintaining any specialty service that is not necessary for Landlord’s provision, management, maintenance,
and repair of required services for the operation of the Building or Project or any associated parking facilities. The following are examples
of these specialty services: observatory; broadcasting facilities (other than the life-support and security system for the Building);
luncheon club, cafeteria, or other dining facility; newsstand; flower service; shoeshine service; carwash; and helicopter pad (other than
the

    	 	5	 

     

    

 

Building’s emergency and life-safety helicopter
facilities if any); provided that this exclusion shall not apply to such improvements as are required by any governmental agency or owner’s
association; (xxv) any costs or expenses relating to the financing of the Building or Projectcosts made in connection with any child-care
facilities, , housing replacement or linkage fees,; (xxvi) charitable or political contributions made by Landlord; (xxvii) fees
or dues payable to trade associations, industry associations, or similar associations; (xxviii) entertainment, dining, or travel
expenses for any purpose; (xxix) flowers, gifts, balloons, or similar items provided to any entity, including Tenant, other tenants,
employees, vendors, contractors, prospective tenants, and agents.

 

If any Operating Expense, though paid in one year,
relates to more than one calendar year, at the option of Landlord such expense may be proportionately allocated among such related calendar
years. Operating Expenses for the Building that are not, in Landlord’s reasonable discretion, allocable solely to either the lab,
office or retail portion of the Building shall be equitably allocated by Landlord between such uses.

 

PREMISES: The space located in the Building at
the Suite Number listed in Section 1.1 and depicted on Exhibit A attached hereto.

 

PROJECT or PROPERTY: The Project consists of the
office building located at the street address specified in Section 1.1 in Emeryville, California, associated surface and garage parking
as designated by Landlord from time to time, landscaping and improvements, together with the Land, any associated interests in real property,
and the personal property, fixtures, machinery, equipment, systems and apparatus located in or used in conjunction with any of the foregoing.
The Project may also be referred to as the Property.

 

REAL PROPERTY: The Property excluding any personal
property.

 

RENT: Collectively, Monthly Base Rent, Rent Adjustments
and Rent Adjustment Deposits, and all other charges, payments, late fees or other amounts required to be paid by Tenant under this Lease.

 

RENT ADJUSTMENT: Any amounts owed by Tenant for
payment of Operating Expenses or Taxes. The Rent Adjustments shall be determined and paid as provided in Article Four.

 

RENT ADJUSTMENT DEPOSIT: An amount equal to Landlord’s
estimate of the Rent Adjustment attributable to each month of the applicable calendar year. On or before the beginning of each calendar
year or with Landlord’s Statement (defined in Article Four), Landlord may estimate and notify Tenant in writing of its estimate
of the Operating Expenses and of Taxes for such calendar year. Prior to the first determination by Landlord of the amount of Operating
Expenses and of Taxes for the first calendar year, Landlord may estimate such amounts in the foregoing calculation. The last estimate
by Landlord shall remain in effect as the applicable Rent Adjustment Deposit unless and until Landlord notifies Tenant in writing of a
change, which notice may be given by Landlord from time to time during a calendar year.

 

RENTABLE AREA OF THE PREMISES: The amount of square
footage set forth in Section 1.1.

    	 	6	 

     

    

 

SECURITY DEPOSIT: The funds specified in Section 1.1,
if any, deposited by Tenant with Landlord as security for Tenant’s performance of its obligations under this Lease.

 

STANDARD OPERATING HOURS: Monday through Friday
from 8:00 A.M. to 6:00 P.M. and Saturdays from 9:00 A.M. to 1:00 P.M., excluding National Holidays.

 

SUBSTANTIALLY COMPLETE or SUBSTANTIAL COMPLETION:
The completion of the Landlord Work, except for minor insubstantial details of construction, decoration or mechanical adjustments which
remain to be done and which do not materially interfere with Tenant’s use or occupancy of the Premises.

 

TAXES: All federal, state and local governmental
taxes, assessments and charges of every kind or nature, whether general, special, ordinary or extraordinary, which Landlord shall pay
or become obligated to pay because of or in connection with the ownership, leasing, management, control, sale, transfer or operation of
the Property or any of its components (including any personal property used in connection therewith), which may also include any rental
or similar taxes levied in lieu of or in addition to general real and/or personal property taxes. For purposes hereof, Taxes for any year
shall be Taxes which are assessed for any period of such year, whether or not such Taxes are billed and payable in a subsequent calendar
year. There shall be included in Taxes for any year the amount of all fees, costs and expenses (including reasonable attorneys’
fees) paid by Landlord during such year in seeking or obtaining any refund or reduction of Taxes. Taxes for any year shall be reduced
by the net amount of any tax refund received by Landlord attributable to such year. If a special assessment payable in installments is
levied against any part of the Property, Taxes for any year shall include only the installment of such assessment and any interest payable
or paid during such year. Taxes shall not include any federal or state inheritance, general income, gift or estate taxes, except that
if a change occurs in the method of taxation resulting in whole or in part in the substitution of any such taxes, or any other assessment,
for any Taxes as above defined, such substituted taxes or assessments shall be included in the Taxes. Notwithstanding the foregoing, any
real estate documentary transfer tax shall be excluded from Taxes hereunder.

 

TENANT ADDITIONS: Collectively, Landlord Work
and Tenant Alterations.

 

TENANT ALTERATIONS: Any alterations, improvements,
additions, installations or construction in or to the Premises or any Building systems serving the Premises (excluding Landlord Work);
and any supplementary air-conditioning systems installed by Landlord or by Tenant at Landlord’s request pursuant to Section 6.1(b).

 

TENANT DELAY: Any event or occurrence that delays
the completion of the Landlord Work which is caused by or is described as follows:

 

(1) special work, changes, alterations or
additions requested or made by Tenant in the design or finish in any part of the Premises after approval of the plans and specifications
(as described in the Workletter);

    	 	7	 

     

    

 

(2) Tenant’s delay in submitting plans,
supplying information, approving plans, specifications or estimates, giving authorizations or otherwise;

 

(3) failure to approve and pay for such Tenant
Work as Landlord undertakes to complete at Tenant’s expense;

 

(4) the performance or completion by Tenant
or any person engaged by Tenant of any work in or about the Premises; or

 

(5) failure to perform or comply with any
obligation or condition binding upon Tenant pursuant to the Workletter, including the failure to approve and pay for such Landlord Work
or other items if and to the extent the Workletter provides they are to be approved or paid by Tenant.

 

TENANT WORK: All work installed or furnished to
the Premises by Tenant pursuant to the Workletter.

 

TENANT’S SHARE: The percentage that represents
the ratio of the Rentable Area of the Premises to the Rentable Area of the Building, as determined by Landlord from time to time. Tenant
acknowledges that the Rentable Area of the Building may change during the Term.

 

TERM: The term of this Lease commencing on the
Commencement Date and expiring on the Expiration Date.

 

TERMINATION DATE: The Expiration Date or such
earlier date as this Lease terminates or Tenant’s right to possession of the Premises terminates.

 

WORKLETTER: The Agreement regarding the manner
of completion of Landlord Work and Tenant Work set forth on Exhibit B attached hereto.

 

ARTICLE 2

PREMISES, TERM, FAILURE TO GIVE POSSESSION,
AND PARKING

 

2.1 LEASE OF PREMISES

 

(a) Landlord hereby leases to Tenant and
Tenant hereby leases from Landlord the Premises for the Term and upon the terms, covenants and conditions provided in this Lease.

 

(b) Tenant and its employees shall have the
non-exclusive right to use of the conference room located on the second floor of Emery Station I and the health center in Emery Station
I (or in such other buildings in which those facilities may be located in the future), in accordance with the standard Building policy
regulating such usage.

 

(c) Concurrently with the execution of this
Lease, an Affiliate of Landlord and Tenant have entered into a lease for a space in which tenant improvements for Tenant are to be constructed
for Tenant by Landlord (the “Hollis Improvements”). In the event that the Hollis Improvementshave not been substantially completed
(as defined in said lease) within six (6)

    	 	8	 

     

    

 

months of the Commencement Date, Tenant shall have the right to terminate
this Lease by delivery of ten (10) days’ advance notice to Landlord; provided, that if Landlord substantially completes the
Hollis Improvements prior to the expiration of such ten-day period, then Tenant’s notice of cancellation shall be null and void,
and this Lease and the other lease shall remain in full force and effect.

 

2.2 TERM

 

(a) The Commencement Date shall be the date
determined as follows:

 

(1) Subject to Tenant Delay, if the Landlord
Work is Substantially Complete on or before the Projected Commencement Date, then on the date which is the earlier to occur of: (a) the
Projected Commencement Date, or (b) the date Tenant first occupies all or part of the Premises for the conduct of business; or

 

(2) Subject to Tenant Delay, if the Landlord
Work is not Substantially Complete by the Projected Commencement Date, then on the date on which the Landlord Work is Substantially Complete.

 

In either event, Tenant shall have at least ten
(10) business days prior to the Commencement Date in which to move in to the suite, said days possibly occurring during Landlord’s
prosecution of Landlord’s Work if reasonably acceptable to both Landlord and Tenant.

 

(b) Within thirty (30) days following
the Commencement Date, Landlord and Tenant shall amend this Lease (the form of which is attached hereto as Rider 1) confirming the Commencement
Date and the Expiration Date. If Tenant fails to execute such amendment, then the Commencement Date and the Expiration Date shall be the
dates designated by Landlord in such agreement.

 

2.3 FAILURE TO GIVE POSSESSION

 

If Landlord shall be unable to give possession
of the Premises on the Projected Commencement Date by reason of the following: (i) the Building has not been sufficiently completed
to make the Premises ready for occupancy, (ii) the Landlord Work is not Substantially Complete, (iii) the holding over or retention
of possession of any tenant, tenants or occupants, then Landlord shall not be subject to any liability for the failure to give possession
on said date. Under such circumstances the Rent reserved and covenanted to be paid herein shall not commence until ten (10) days
after the Premises are delivered to Tenant by Landlord, and no such failure to give possession on the Projected Commencement Date shall
affect the validity of this Lease or the obligations of the Tenant hereunder. The Lease shall be amended so that the Term shall be extended
by the period of time possession is delayed. The Premises shall be deemed to be ready for Tenant’s occupancy in the event Landlord’s
Work is Substantially Complete, or if the delay in the availability of the Premises for occupancy shall be due to any Tenant Delay and/or
default on the part of Tenant. In the event of any dispute as to whether the Landlord Work is Substantially Complete, the decision of
Landlord’s architect shall be final and binding on the parties. Notwithstanding the foregoing, if the Premises have not been delivered
to Tenant within thirty (30) days following the Projected Commencement Date, Tenant shall have the right to terminate this Lease by delivery
of written notice thereof to Landlord; in which event, all sums deposited by Tenant shall be restored to Tenant and neither party shall
have any further obligations or rights hereunder.

    	 	9	 

     

    

 

2.4 CONDITION OF PREMISES

 

Tenant shall notify Landlord in writing within
thirty (30) days after the Commencement Date of any defects in the Premises claimed by Tenant or in the materials or workmanship
furnished by Landlord in completing the Landlord Work. Except for defects stated in such notice, Tenant shall be conclusively deemed to
have accepted the Premises “AS IS” in the condition existing on the date Tenant first takes possession, and to have waived
all claims relating to the condition of the Premises. Landlord shall proceed diligently to correct the defects stated in such notice unless
Landlord disputes the existence of any such defects. In the event of any dispute as to the existence of any such defects, the decision
of Landlord’s architect shall be final and binding on the parties. No agreement of Landlord to alter, remodel, decorate, clean or
improve the Premises or the Real Property and no representation regarding the condition of the Premises or the Real Property has been
made by or on behalf of Landlord to Tenant, except as may be specifically stated in this Lease or in the Workletter.

 

2.5 PARKING

 

During the Term as the same may be extended, Tenant
may use the number of spaces specified in Section 1.1 for parking, free of charge to Tenant. The locations and type of parking shall
be designated by Landlord or Landlord’s parking operator from time to time. Tenant acknowledges and agrees that the parking spaces
serving the Project may include tandem parking and a mixture of spaces for compact vehicles as well as full-size passenger automobiles,
and that Tenant shall not use parking spaces for vehicles larger than the striped size of the parking spaces. All vehicles utilizing Tenant’s
parking privileges shall prominently display identification stickers or other markers, and/or have passes or keycards for ingress and
egress, as may be required and provided by Landlord or its parking operator from time to time. Tenant shall comply with any and all parking
rules and regulations from time to time established by Landlord or Landlord’s parking operator, including a requirement that
Tenant pay to Landlord or Landlord’s parking operator a charge for loss and replacement of passes, keycards, identification stickers
or markers, and for any and all loss or other damage caused by persons or vehicles related to use of Tenant’s parking privileges.
Tenant shall not allow any vehicles using Tenant’s parking privileges to be parked, loaded or unloaded except in accordance with
this Section, including in the areas and in the manner designated by Landlord or its parking operator for such activities. If any vehicle
is blocking the loading areas at any time and/or is persistently using the parking areas contrary to any provision of this Section and
such abuse is not remedied immediately upon telephonic or other electronic notice from Landlord in the case of the loading areas and within
five (5) days of delivery of written notice to Tenant thereof, Landlord or its parking operator shall have the right, in addition
to all other rights and remedies of Landlord under this Lease, to remove or tow away the vehicle without further notice to Tenant, and
the cost thereof shall be paid to Landlord within ten (10) days after notice from Landlord to Tenant.

    	 	10	 

     

    

 

ARTICLE 3

RENT

 

Tenant agrees to pay to Landlord at the first
office specified in Section 1.1, or to such other persons, or at such other places designated by Landlord, without any prior demand
therefor in immediately available funds and without any deduction or offset whatsoever, Rent, including Monthly Base Rent and Rent Adjustments
in accordance with Article Four, during the Term. Monthly Base Rent shall be paid monthly in advance on the first day of each month
of the Term, except that the first installment of Monthly Base Rent shall be paid by Tenant to Landlord concurrently with execution of
this Lease. Monthly Base Rent shall be prorated for partial months within the Term. Unpaid Rent shall bear interest at the Default Rate
from the date due until paid. Tenant’s covenant to pay Rent shall be independent of every other covenant in this Lease.

 

ARTICLE 4

RENT ADJUSTMENTS AND PAYMENTS

 

4.1 RENT ADJUSTMENTS

 

Tenant shall pay to Landlord Rent Adjustments
with respect to each Lease Year as follows:

 

(1) The Rent Adjustment Deposit representing
Tenant’s Share of Operating Expenses for the applicable Lease Year, monthly during the Term with the payment of Monthly Base Rent;
and

 

(2) The Rent Adjustment Deposit representing
Tenant’s Share of Taxes for the applicable Lease Year, monthly during the Term with the payment of Monthly Base Rent; and

 

(3) Any Rent Adjustments due in excess of
the Rent Adjustment Deposits in accordance with Section 4.2. Rent Adjustments due from Tenant to Landlord for any Lease Year shall
be Tenant’s Share of Operating Expenses for such year and Tenant’s Share of Taxes for such year.

 

4.2 STATEMENT OF LANDLORD

 

As soon as feasible after the expiration of each
calendar year, Landlord will furnish Tenant a statement (“Landlord’s Statement”) showing the following:

 

(1) Operating Expenses and Taxes for the
previous calendar year;

 

(2) The amount of Rent Adjustments due Landlord
for the last calendar year, after credit for Rent Adjustment Deposits paid, if any; and

 

(3) Any change in the Rent Adjustment Deposit
due monthly in the current calendar year, including the amount or revised amount due for months preceding any such change pursuant to
Landlord’s Statement.

    	 	11	 

     

    

 

Tenant shall pay to Landlord within thirty (30) days
after receipt of such statement any amounts for Rent Adjustments then due in accordance with Landlord’s Statement. Any amounts due
from Landlord to Tenant pursuant to this Section shall be credited to the Rent Adjustment Deposit next coming due, or refunded to
Tenant if the Term has already expired provided Tenant is not in default hereunder. No interest or penalties shall accrue on any amounts
that Landlord is obligated to credit or refund to Tenant by reason of this Section 4.2. Landlord’s failure to deliver Landlord’s
Statement or to compute the amount of the Rent Adjustments shall not constitute a waiver by Landlord of its right to deliver such items
nor constitute a waiver or release of Tenant’s obligations to pay such amounts. The Rent Adjustment Deposit shall be credited against
Rent Adjustments due for the applicable calendar year. During the last complete Lease Year or during any partial Lease Year in which the
Lease terminates, Landlord may include in the Rent Adjustment Deposit its estimate of Rent Adjustments which may not be finally determined
until after the termination of this Lease. Tenant’s obligation to pay Rent Adjustments (and Landlord’s obligation to refund
any overpayment) survive the expiration or termination of the Lease. Notwithstanding the foregoing, in no event shall the sum of Monthly
Base Rent and the Rent Adjustments be less than the Monthly Base Rent payable, and if Landlord’s liability for refund exceeds the
Rent Adjustments payable for one month, any excess shall carry over into the following month.

 

4.3 BOOKS AND RECORDS

 

Landlord shall maintain books and records showing
Operating Expenses and Taxes in accordance with generally accepted accounting and management practices, consistently applied. The Tenant
or its representative (which representative shall be a certified public accountant licensed to do business in the state in which the Property
is located and whose primary business is certified public accounting and who shall not be paid on a contingency basis) shall have the
right, for a period of one hundred and ninety (90) days following the date upon which Landlord’s Statement is delivered to
Tenant, to examine the Landlord’s books and records with respect to the items in the foregoing statement of Operating Expenses and
Taxes during normal business hours, upon written notice, delivered at least three (3) business days in advance. If Tenant does not
object in writing to Landlord’s Statement within thirty (30) days after Tenant’s receipt thereof,, then Landlord’s
Statement shall be considered final and accepted by Tenant. If Tenant does dispute any Landlord’s Statement, and Tenant subsequently
conducts a review of Landlord’s books within the 90-day period referenced above, Tenant shall deliver a copy of any such audit to
Landlord at the time of its completion. If Tenant does not provide a copy of such audit to Landlord within the times outlined, it shall
be deemed to have waived such right to dispute Landlord’s Statement. Any amount due to the Landlord as shown on Landlord’s
Statement, whether or not disputed by Tenant as provided herein shall be paid by Tenant when due as provided above, without prejudice
to any such written exception. In no event shall Tenant be permitted to examine Landlord’s records or to dispute any statement of
Expenses unless Tenant has paid and continues to pay all Rent when due. Upon resolution of any dispute with respect to Operating Expenses
and Taxes, Tenant shall either pay Landlord any shortfall or Landlord shall credit Tenant with respect to any overages paid by Tenant.
In the event that Tenant’s audit reveals any overstatement of any Operating Expenses or Taxes of five (5%) percent or more, Landlord
shall pay all reasonable, third-party costs of Tenant’s audit; otherwise, such audit shall be at Tenant’s sole cost and expense.
The records obtained by Tenant shall be treated as confidential and neither Tenant nor any of its representatives or agents shall disclose
or discuss the information set forth in the audit to or with any other person or entity (“Confidentiality Requirement”). Tenant
shall indemnify and hold Landlord harmless for any losses or damages arising out of Tenant’s breach of the Confidentiality Requirement.

    	 	12	 

     

    

 

4.4 TENANT OR LEASE SPECIFIC TAXES

 

In addition to Monthly Base Rent, Rent Adjustments,
Rent Adjustment Deposits and other charges to be paid by Tenant, Tenant shall pay to Landlord, upon demand, any and all taxes payable
by Landlord (other than federal or state inheritance, general income, gift or estate taxes) whether or not now customary or within the
contemplation of the parties hereto: (a) upon, allocable to, or measured by the Rent payable hereunder, including any gross receipts
tax or excise tax levied by any governmental or taxing body with respect to the receipt of such rent; or (b) upon or with respect
to the possession, leasing, operation, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any
portion thereof; or (c) upon the measured value of Tenant’s personal property located in the Premises or in any storeroom or
any other place in the Premises or the Property, or the areas used in connection with the operation of the Property, it being the intention
of Landlord and Tenant that, to the extent possible, such personal property taxes shall be billed to and paid directly by Tenant; (d) resulting
from Landlord Work, Tenant Work or Tenant Alterations to the Premises, whether title thereto is in Landlord or Tenant; or (e) upon
this transaction. Taxes paid by Tenant pursuant to this Section 4.5 shall not be included in any computation of Taxes payable pursuant
to Sections 4.1 and 4.2.

 

ARTICLE 5

SECURITY DEPOSIT

 

Tenant concurrently with the execution of this
Lease shall pay to Landlord in immediately available funds the Security Deposit. The Security Deposit may be applied by Landlord to cure,
in whole or part, any default of Tenant under this Lease, and upon notice by Landlord of such application, Tenant shall replenish the
Security Deposit in full by paying to Landlord within ten (10) days of demand the amount so applied. Landlord’s application
of the Security Deposit shall not constitute a waiver of Tenant’s default to the extent that the Security Deposit does not fully
compensate Landlord for all losses, damages, costs and expenses incurred by Landlord in connection with such default and shall not prejudice
any other rights or remedies available to Landlord under this Lease or by Law. Landlord shall not pay any interest on the Security Deposit.
Landlord shall not be required to keep the Security Deposit separate from its general accounts. The Security Deposit shall not be deemed
an advance payment of Rent or a measure of damages for any default by Tenant under this Lease, nor shall it be a bar or defense of any
action that Landlord may at any time commence against Tenant. In the absence of evidence satisfactory to Landlord of an assignment of
the right to receive the Security Deposit or the remaining balance thereof, Landlord may return the Security Deposit to the original Tenant,
regardless of one or more assignments of this Lease. Upon the transfer of Landlord’s interest under this Lease, Landlord’s
obligation to Tenant with respect to the Security Deposit shall terminate upon transfer to the transferee of the Security Deposit, or
any balance thereof. If Tenant shall fully and faithfully comply with all the terms, provisions, covenants, and conditions of this Lease,
the Security Deposit, or any balance thereof, shall be returned to Tenant within thirty (30) days after Landlord recovers possession
of the Premises or such longer time as may be permissible under Law.

    	 	13	 

     

    

 

ARTICLE 6

SERVICES

 

(a) So long as the Lease is in full force
and effect and Tenant has paid all Rent then due, Landlord shall furnish the following services the cost of which services shall be included
in Operating Expenses:

 

(1) heat, ventilation and air-conditioning
(“HVAC”) in the Premises as necessary in Landlord’s reasonable judgment for the comfortable occupancy of the Premises
under normal business office and lab operations, subject to compliance with all applicable voluntary and mandatory regulations and Laws;

 

(2) tempered and cold water for use in the
labs and in lavatories in common with other tenants from the regular supply of the Building;

 

(3) customary cleaning and janitorial services
in the Premises five (5) days per week, excluding National Holidays;

 

(4) washing of the outside windows in the
Premises weather permitting at intervals determined by Landlord; and

 

(5) automatic passenger and swing/freight
elevator service in common with other tenants of the Building. Freight elevator service will be subject to reasonable scheduling by Landlord
and payment of Landlord’s standard charges.

 

(b) If Tenant uses heat generating machines
or equipment in the Premises which generate an abnormal adverse effects on the temperature otherwise maintained by the air-cooling system
or whenever the occupancy or electrical load adversely affects the temperature otherwise maintained by the air-cooling system, Landlord
reserves the right to install or to require Tenant to install supplementary air-conditioning units in the Premises. Tenant shall bear
all costs and expenses related to the installation, maintenance and operation of such units.

 

6.2 ELECTRICAL SERVICES

 

(a) So long as the Lease is in full force
and effect and Tenant has paid all Rent then due, Landlord shall furnish to the Premises (subject to inclusion as an Operating Expense,
unless such service is paid directly by Tenant to the utility provider), electric current for general office use, including normal lighting,
normal business office machines and customary janitorial service. Notwithstanding any provision of the Lease to the contrary, without,
in each instance, the prior written approval of Landlord, in Landlord’s prudent business judgment, Tenant shall not: (i) make
any alterations or additions to the electric equipment or systems; or (ii) install or use or permit the installation or use of any
computer or electronic data processing equipment in the Premises other than personal computers, laptop computers and ancillary equipment.
Tenant’s use of electric current shall at no time exceed the capacity of the wiring, feeders and risers providing electric current
to the Premises or the Building. The consent of Landlord to the installation of electric equipment shall not relieve Tenant from the obligation
to limit usage of electricity to its capacity.

    	 	14	 

     

    

 

(b) So long as the Lease is in full force
and effect and Tenant has paid all Rent then due, Landlord shall furnish to the Premises replacement lamps, bulbs, ballasts and starters
used in any normal Building lighting installed in the Premises, except that if the replacement or repair of such items is a result of
negligence of Tenant, its employees, agents, servants, licensees, subtenants, contractors or invitees, such cost shall be paid by Tenant
within thirty (30) days after notice from Landlord and shall not be included as part of Operating Expenses.

 

6.3 ADDITIONAL AND AFTER HOUR SERVICES

 

(a) At Tenant’s written request, Landlord
shall furnish additional quantities of any of the services or utilities specified in Section 6.1, if Landlord can reasonably do so,
on the terms set forth herein. For services or utilities requested by Tenant and furnished by Landlord, Tenant shall pay to Landlord as
a charge therefor Landlord’s prevailing rates charged from time to time for such services and utilities.

 

6.4 TELEPHONE SERVICES

 

All telephone, and communication connections which
Tenant may desire shall be subject to Landlord’s prior written approval, in Landlord’s reasonable discretion, and the location
of all wires and the work in connection therewith shall be performed by contractors reasonably approved by Landlord and shall be subject
to the direction of Landlord, except that such approval is not required as to Tenant’s telephone equipment (including cabling) within
the Premises and from the Premises in a route designated by Landlord to any telephone cabinet or panel provided (as existing or as installed
as part of Landlord’s Work, if any) on Tenant’s floor for Tenant’s connection to the telephone cable serving the Building
so long as Tenant’s equipment does not require connections different than or additional to those to the telephone cabinet or panel
provided. Except to the extent of such cabling within the Premises or from the Premises to such telephone cabinet or panel, Landlord reserves
the right to designate and control the entity or entities providing telephone or other communication cable installation, removal, repair
and maintenance in the Building and to restrict and control access to telephone cabinets or panels, so long as such entity is competitively
priced with other similar vendors. In the event Landlord designates a particular vendor or vendors to provide such cable installation,
removal, repair and maintenance for the Building, Tenant agrees to abide by and participate in such program. Tenant shall be responsible
for and shall pay all costs incurred in connection with the installation of telephone cables and communication wiring in the Premises,
including any hook-up, access and maintenance fees related to the installation of such wires and cables in the Premises and the commencement
of service therein, and the maintenance thereafter of such wire and cables; and there shall be included in Operating Expenses for the
Building all installation, removal, hook-up or maintenance costs incurred by Landlord in connection with telephone cables and communication
wiring serving the Building which are not allocable to any individual users of such service but are allocable to the Building generally.
If Tenant fails to maintain all telephone cables and communication wiring in the Premises and such failure affects or interferes with
the operation or maintenance of any other telephone cables or communication wiring serving the Building, Landlord or any vendor hired
by Landlord may enter into and upon the Premises on not less than 24 hours advance notice, and perform such repairs,

    	 	15	 

     

    

 

restorations or alterations as Landlord deems necessary in order to
eliminate any such interference (and Landlord may recover from Tenant all of Landlord’s costs in connection therewith). If required
by Landlord, no later than the Termination Date Tenant shall remove all telephone cables and communication wiring installed by Tenant
for and during Tenant’s occupancy. Tenant agrees that neither Landlord nor any of its agents or employees shall be liable to Tenant,
or any of Tenant’s employees, agents, customers or invitees or anyone claiming through, by or under Tenant, for any damages, injuries,
losses, expenses, claims or causes of action because of any interruption, diminution, delay or discontinuance at any time for any reason
in the furnishing of any telephone or other communication service to the Premises and the Building, unless such interruption, diminution,
delay or discontinuance is due to the gross negligence orintentional conduct by Landlord or its agents or employees.

 

6.5 DELAYS IN FURNISHING SERVICES

 

Tenant agrees that Landlord shall not be in breach
of this Lease nor be liable to Tenant for damages or otherwise, for any failure to furnish, or a delay in furnishing, or a change in the
quantity or character of any service when such failure, delay or change is occasioned, in whole or in part, by repairs, improvements or
mechanical breakdowns by the act or default of Tenant or other parties or by an event of Force Majeure. No such failure, delay or change
shall be deemed to be an eviction or disturbance of Tenant’s use and possession of the Premises, or relieve Tenant from paying Rent
or from performing any other obligations of Tenant under this Lease, without any deduction or offset. Failure to any extent to make available,
or any slowdown, stoppage, or interruption of, the specified utility services resulting from any cause, including changes in service provider
or Landlord’s compliance with any voluntary or similar governmental or business guidelines now or hereafter published or any requirements
now or hereafter established by any governmental agency, board, or bureau having jurisdiction over the operation of the Property shall
not render Landlord liable in any respect for damages to either persons, property, or business, nor be construed as an eviction of Tenant
or work an abatement of Rent, nor relieve Tenant of Tenant’s obligations for fulfillment of any covenant or agreement hereof. Should
any equipment or machinery furnished by Landlord break down or for any cause cease to function properly, Landlord shall use reasonable
diligence to repair same promptly, but Tenant shall have no claim for abatement of Rent or damages on account of any interruption of service
occasioned thereby or resulting therefrom.

 

6.6 CHOICE OF SERVICE PROVIDER

 

Tenant acknowledges that Landlord may, at Landlord’s
sole option, to the extent permitted by applicable law, elect to change, from time to time, the company or companies which provide services
(including electrical service, gas service, water, telephone and technical services) to the Building, the Premises and/or its occupants.
Notwithstanding anything to the contrary set forth in this Lease, Tenant acknowledges that Landlord has not and does not make any representations
or warranties concerning the identity or identities of the company or companies which provide services to the Building and the Premises
or its occupants and Tenant acknowledges that the choice of service providers and matters concerning the engagement and termination thereof
shall be solely that of Landlord. The foregoing provision is not intended to modify, amend, change or otherwise derogate any provision
of this Lease concerning the nature or type of service to be provided or any specific information concerning the amount thereof to be
provided. Tenant agrees to cooperate with Landlord and each of its service providers in connection with any change in service or provider.

    	 	16	 

     

    

 

6.7 SIGNAGE

 

Initial Building standard signage will be installed
by Landlord in the directory in the main lobby of the Building, in the listing of tenants in the elevator lobby for the floor on which
the Premises is located and at Tenant’s main entry door to the Premises at Landlord’s expense. Any change in such initial
signage shall be only with Landlord’s prior written consent, shall conform to Building standard signage and shall be at Tenant’s
sole cost and expense.

 

ARTICLE 7

POSSESSION, USE AND CONDITION OF PREMISES

 

7.1 POSSESSION AND USE OF PREMISES

 

(a) Tenant shall occupy and use the Premises
only for the uses specified in Section 1.1 to conduct Tenant’s business. Tenant shall not occupy or use the Premises (or permit
the use or occupancy of the Premises) for any purpose or in any manner which: (1) is unlawful or in violation of any Law or Environmental
Law; (2) may be dangerous to persons or property or which may increase the cost of (unless Tenant agrees to pay such increased cost),
or invalidate, any policy of insurance carried on the Building or covering its operations; (3) is contrary to or prohibited by the
terms and conditions of this Lease or the rules of the Building set forth in Article Eighteen; or (4) would tend to create
or continue a nuisance.

 

(b) Landlord shall provide Tenant with a
Building Standard amount of Access Card Keys at no cost to Tenant, except that Tenant shall pay Landlord’s standard charge for additional
cards if any of Tenant’s Access Key Cards are lost or stolen or not returned at the end of the Lease. .

 

(c) Landlord and Tenant acknowledge that
the Americans With Disabilities Act of 1990 (42 U.S.C. §12101 et seq.) and regulations and guidelines promulgated thereunder, as
all of the same may be amended and supplemented from time to time (collectively referred to herein as the “ADA”) establish
requirements for business operations, accessibility and barrier removal, and that such requirements may or may not apply to the Premises,
the Building and the Project depending on, among other things: (1) whether Tenant’s business is deemed a “public accommodation”
or “commercial facility”, (2) whether such requirements are “readily achievable”, and (3) whether a
given alteration affects a “primary function area” or triggers “path of travel” requirements. The parties hereby
agree that: (a) Landlord shall be responsible for ADA Title III compliance in the Common Areas, except as provided below, (b) Landlord
shall be responsible for ADA Title III compliance in the Premises if such requirements are triggered by or required in connection with
the Landlord Work and Tenant shall be responsible for ADA Title III Compliance in the Premises except for the Landlord Work, (c) Landlord
may perform, or require that Tenant perform, and Tenant shall be responsible for the cost of, ADA Title III “path of travel”
requirements triggered by Tenant Additions in the Premises, and (d) Landlord may perform, or require Tenant to perform, and Tenant
shall be responsible for the cost of, ADA Title III compliance in the Common Areas necessitated by the Building being deemed to be a “public
accommodation” instead of a “commercial facility” as a result of Tenant’s unique use of the Premises. Tenant shall
be solely responsible for requirements under Title I of the ADA relating to Tenant’s employees.

    	 	17	 

     

    

 

(d) Hazardous Materials.

 

(1) Definitions. The following
terms shall have the following meanings for purposes of this Lease:

 

(1) “Biohazardous Materials”
means any and all substances and materials defined or referred to as a medical waste,” “biological waste,” “biohazardous
waste,” “biohazardous material” or any other term of similar import under any Hazardous Materials Laws, including (but
not limited to) California Health & Safety Code Sections 25105 et seq., and any regulations promulgated thereunder, as amended
from time to time.

 

(2) “Environmental Condition”
means the Release of any Hazardous Materials in, over, on, under, through, from or about the Project (including, but not limited to, the
Premises).

 

(3) “Environmental Damages”
means all claims, suits, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of whatever
kind or nature, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, arising out of or in connection with any
Environmental Condition, including, to the extent arising out of an Environmental Condition, without limitation: (A) damages for
personal injury, or for injury to Project or natural resources occurring on or off the Project, including without limitation (1) any
claims brought by or on behalf of any person, (2) any loss of, lost use of, damage to or diminution in value of any Project or natural
resource, and (3) costs of any investigation, remediation, removal, abatement, containment, closure, restoration or monitoring work
required by any federal, state or local governmental agency or political subdivision, or otherwise reasonably necessary to protect the
public health or safety, whether on or off the Project; (B) reasonable fees incurred for the services of attorneys, consultants,
contractors, experts and laboratories in connection with the preparation of any feasibility studies, investigations or reports or the
performance of any work described above: (C) any liability to any third person or governmental agency to indemnify such person or
agency for costs expended or liabilities incurred in connection with any items described in clause (A) or (B) above; (D) any
fair market or fair market rental value of the Project; and (E) the amount of any penalties, damages or costs a party is required
to pay or incur in excess of that which the party otherwise would reasonably have expected to pay or incur absent the existence of the
applicable Environmental Condition.

 

(4) “Handling,” when
used with reference to any substance or material, includes (but is not limited to) any receipt, storage, use, generation, Release, transportation,
treatment or disposal of such substance or material.

    	 	18	 

     

    

 

(5) “Hazardous Materials”
means any and all chemical, explosive, biohazardous, radioactive or otherwise toxic or hazardous materials or hazardous wastes, including
without limitation any asbestos-containing materials, PCB’s. CFCs, petroleum and derivatives thereof, Radioactive Materials, Biohazardous
Materials, Hazardous Wastes, any other substances defined or listed as or meeting the characteristics of a hazardous substance, hazardous
material, hazardous waste, extremely hazardous waste, restricted hazardous waste, toxic substance, toxic waste, biohazardous material,
biohazardous waste, biological waste, medical waste, radiation, radioactive substance, radioactive waste, or other similar term, as applicable,
under any law, statute, ordinance, code, rule, regulation, directive, order, condition or other written requirement enacted, promulgated
or issued by any public officer or governmental or quasi-governmental authority, whether now in force or hereafter in force at any time
or from time to time to protect the environment or human health, and/or any mixed materials, substances or wastes containing more than
one of the foregoing categories of materials, substances or wastes.

 

(6) “Hazardous Materials
Laws” means, collectively, (A) the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C.
Sections 9601-9657, (B) the Hazardous Materials Transportation Act of 1975, 49 U.S.C. Sections 1801-1812, (C) the Resource Conservation
and Recovery Act of 1976, 42 U.S.C. Sections 6901-6987 (together with any amendments thereto, any regulations thereunder and any amendments
to any such regulations as in effect from time to time, “RCRA”), (D) the California Carpenter-Presley-Tanner Hazardous
Substance Account Act, California Health & Safety Code Sections 25300 et seq., (E) the Hazardous Materials Release Response
Plans and Inventory Act, California Health & Safety Code Sections 25500 et seq., (F) the California Hazardous Waste Control
Law, California Health & Safety Code Sections 25100 et seq. (together with any amendments thereto, any regulations thereunder
and any amendments to any such regulations as in effect from time to time, the “CHWCL”), (G) California Health &
Safety Code Sections 2501525027.8, (H) any amendments to or successor statutes to any of the foregoing, as adopted or enacted from
time to time, (I) any regulations or amendments thereto promulgated pursuant to any of the foregoing from time to time, (J) any
statutes, laws, ordinances, codes, regulations or other Legal Requirements relating to Biohazardous Materials, including (but not limited
to) any regulations or requirements with respect to the shipping, use, decontamination and disposal thereof, and (K) any other Legal
Requirement now or at any time hereafter in effect regulating, relating to or imposing liability or standards of conduct concerning any
Hazardous Materials, including (but not limited to) any requirements or conditions imposed pursuant to the terms of any orders, permits,
licenses, registrations or operating plans issued or approved by any governmental or quasi-governmental authority from time to time either
on a Project-wide basis or in connection with any Handling of Hazardous Materials in, on or about the Premises or the Project.

 

(7) “Hazardous Wastes”
means (A) any waste listed as or meeting the identified characteristics of a “hazardous waste” or terms of similar import
under RCRA, (B) any waste meeting the identified characteristics of a “hazardous waste,” “extremely hazardous waste”
or “restricted hazardous waste” under the CHWCL, and/or (C) any and all other substances and materials defined or referred
to as a “hazardous waste” or other term of similar import under any Hazardous Materials Laws.

    	 	19	 

     

    

 

(8) “Radioactive Materials”
means (A) any and all substances and materials the Handling of which requires an approval, consent, permit or license from the Nuclear
Regulatory Commission, (B) any and all substances and materials the Handling of which requires a Radioactive Material License or
other similar approval, consent, permit or license from the State of California, and (C) any and all other substances and materials
defined or referred to as “radiation,” a “radioactive material” or “radioactive waste,” or any other
term of similar import under any Hazardous Materials Laws, including (but not limited to) Title 26, California Code of Regulations Section 17-30100,
and any statutes, regulations or other laws administered, enforced or promulgated by the Nuclear Regulatory Commission.

 

(9) “Release” means
any accidental or intentional spilling, leaking, pumping, pouring, emitting, discharging, injecting, escaping, leaching, migrating, dumping
or disposing into the air, land, Surface water, groundwater or the environment (including without limitation the abandonment or discarding
of receptacles containing any Hazardous Materials).

 

(10) “Tenant’s Contamination”
means any Hazardous Material Release on or about the Property by Tenant and/or its agents, employees, contractors, vendors, suppliers,
licensees, subtenants, and invitees (a “Tenant Party”).

 

(11) “Landlord’s Contamination”
means any hazardous materials (a) which exist in, on, under or in the vicinity of the Project as of the date of this Lease or (b) which
migrate onto or beneath the Project from off-site sources during the term of the Lease or after termination of the Lease or (c) come
onto, in, under or about the Project as a result of the grossly negligent acts or omissions of Landlord or its agents, servants, employees,
contractors, suppliers, vendors, invitees or any other tenant in the Project. Tenant shall not be required to pay any costs with respect
to the remediation or abatement of Landlord’s Contamination.

 

(2) Handling of Hazardous Materials.
The parties acknowledge that Tenant wishes and intends to use all or a portion of the Premises as a radio/bio-pharmaceutical, research,
development, preparation and dispensing facility and otherwise for the conduct by Tenant of its business in accordance with the Use, that
such use, as conducted or proposed to be conducted by Tenant, would customarily include the Handling of Hazardous Materials, and that
Tenant shall therefore be permitted to engage in the Handling in the Premises of necessary and reasonable quantities of Hazardous Materials
customarily used in or incidental to the operation of a radio/bio pharmaceutical research, preparation and dispensing facility and the
other business operations of Tenant in the manner conducted or proposed to be conducted by Tenant hereunder (“Permitted Hazardous
Materials”), provided that the Handling of such Permitted Hazardous Materials by all Tenant Parties shall at all times comply with
and be subject to all provisions of this Lease and all Legal Requirements, including all Hazardous Materials Laws. Without limiting the
generality of the foregoing, Tenant shall comply at all times with all Hazardous Materials Laws applicable to any aspect of Tenant’s
use of the Premises and the Project and of Tenant’s operations and activities

    	 	20	 

     

    

 

in, on and about the Premises and the Project, and shall ensure at
all times that Tenant’s Handling of Hazardous Materials on and about the Premises does not violate (x) the terms of any governmental
licenses or permits applicable to the Building (including, but not limited to, the Building Discharge Permit as defined below) or Premises
or to Tenant’s Handling of any Hazardous Materials therein, or (y) any applicable requirements or restrictions relating to
the occupancy classification of the Building and the Premises.

 

(3) Disposition or Emission of Hazardous
Materials. Tenant shall not Release or dispose of any Hazardous Wastes or Hazardous Materials except to the extent authorized by permit
at the Premises or on the Project, but instead shall arrange for off-site disposal, under Tenant’s own name and EPA waste generator
number (or other similar identifying information issued or prescribed by any other governmental authority with respect to Radioactive
Materials, Biohazardous Materials or any other Hazardous Materials) and at Tenant’s sole expense, in compliance with all applicable
Hazardous Materials Laws, with Landlord’s Rules and with all other applicable legal and regulatory requirements.

 

(4) Information Regarding Hazardous Materials.
Tenant shall provide the following information and/or documentation to Landlord in writing prior to the Commencement Date, and thereafter
shall update such information and/or documentation (x) annually, in January of each calendar year, (y) upon any material
change in Tenant’s Hazardous Materials inventory or in Tenant’s business operations involving Hazardous Materials, and (z) at
such other times as Landlord may reasonably request in writing from time to time, which updates shall reflect any material changes in
such information and/or documentation:

 

(i) An inventory of all Hazardous
Materials that Tenant receives, uses, handles, generates, transports, stores, treats or disposes of from time to time, or at the time
of preparation of such inventory proposes or expects to use, handle, generate, transport, store, treat or dispose of from time to time,
in connection with its operations at the Premises. Such inventory shall include, but shall separately identify, any Hazardous Wastes,
Biohazardous Materials and Radioactive Materials covered by the foregoing description. If such inventory includes any Biohazardous Materials,
Tenant shall also disclose in writing to Landlord the Biosafety Level designation associated with the use of such materials.

 

(ii) Copies of all then existing
permits, licenses, registrations and other similar documents issued by any governmental or quasi-governmental authority that authorize
any Handling of Hazardous Materials in, on or about the Premises or the Project by any Tenant Party.

 

(iii) All Material Safety Data
Sheets (“MSDSs”), if any, required to be completed with respect to operations of Tenant at the Premises from time to time
in accordance with Title 26, California Code of Regulations Section 8-5194 or 42 U.S.C. Section 11021, or any amendments thereto,
and any Hazardous Materials Inventory Sheets that detail the MSDSs.

    	 	21	 

     

    

 

(iv) All hazardous waste manifests
(as defined in Title 26, California Code of Regulations Section 22-66481), if any, that Tenant is required to complete from time
to time in connection with its operations at the Premises.

 

(v) A copy of any Hazardous Materials
Business Plan required from time to time with respect to Tenant’s operations at the Premises pursuant to California Health &
Safety Code Sections 25500 et seq., and any regulations promulgated thereunder, as amended from time to time, or in connection with Tenant’s
application for a business license from the City of Emeryville. If applicable law does not require Tenant to prepare a Hazardous Materials
Business Plan, Tenant shall furnish to Landlord at the times and in the manner set forth above the information that would customarily
be contained in a Hazardous Materials Business Plan, including (but not limited to) information regarding Tenant’s Hazardous Materials
inventories. The parties acknowledge that a Hazardous Materials Business Plan would ordinarily include an emergency response plan, and
that regardless of whether applicable law requires Tenant or other tenants in the Building to prepare Hazardous Materials Business Plans,
Landlord in its discretion may elect to prepare a coordinated emergency response plan for the entire Building and/or for multiple Buildings
on the Project.

 

(vi) Any Contingency Plans and
Emergency Procedures required of Tenant from time to time, in connection with its operations at the Premises, pursuant to applicable law,
Title 26, California Code of Regulations Sections 22-67140 et seq., and any amendments thereto, and any Training Programs and Records
required under Title 26, California Code of Regulations Section 22-66493, and any amendments thereto from time to time. Landlord
in its discretion may elect to prepare a Contingency Plan and Emergency Procedures for the entire Building and/or for multiple Buildings
on the Project, in which event, if applicable law does not require Tenant to prepare a Contingency Plan and Emergency Procedures for its
operations at the Premises, Tenant shall furnish to Landlord at the times and in the manner set forth above the information that would
customarily be contained in a Contingency Plan and Emergency Procedures.

 

(vii) Copies of any biennial or
other periodic reports furnished or required to be furnished to the California Department of Health Services from time to time, under
applicable law, pursuant to Title 26, California Code of Regulations Section 22-66493 and any amendments thereto, relating to any
Hazardous Materials.

 

(viii) Copies of any industrial
wastewater discharge permits issued to or held by Tenant from time to time in connection with its operations at the Premises. (The parties
presently anticipate, however, that Tenant will not be required to maintain a separate, individual discharge permit.)

 

(ix) Copies of any other lists,
reports, studies, or inventories of Hazardous Materials or of any subcategories of materials included in Hazardous Materials that Tenant
is otherwise required to prepare and file from time to time with any governmental or quasi-governmental authority in connection with Tenant’s
operations at the Premises, including (but not limited to) reports filed by Tenant with the federal Food & Drug Administration
or any other regulatory authorities primarily in connection with the presence (or lack thereof) of any “select agents” or
other Biohazardous Materials on the Premises, together with proof of filing thereof.

    	 	22	 

     

    

 

(x) Any other information reasonably
requested by Landlord in writing from time to time in connection with (A) Landlord’s monitoring (in Landlord’s reasonable
discretion) and enforcement of Tenant’s obligations under this Section and of compliance with applicable Legal Requirements
in connection with any Handling or Release of Hazardous Materials in the Premises or Building or on or about the Project by any Tenant
Party, (B) any inspections or enforcement actions by any governmental authority pursuant to any Hazardous Materials Laws or any other
Legal Requirements relating to the presence or Handling of Hazardous Materials in the Premises or Building or on or about the Project
by any Tenant Party, and/or (C) Landlord’s preparation (in Landlord’s discretion) and enforcement of any reasonable rules and
procedures relating to the presence or Handling by Tenant or any Tenant Party of Hazardous Materials in the Premises or Building or on
or about the Project, including (but not limited to) any contingency plans or emergency response plans as described above. Except as otherwise
required by Law, Landlord shall keep confidential any information supplied to Landlord by Tenant pursuant to the foregoing, provided,
however, that the foregoing shall not apply to any information filed with any governmental authority or available to the public at large.
Landlord may provide such information to its lenders, consultants or investors provided such entities agree to keep such information confidential.

 

(5) Indemnification; Notice of Release.
Tenant shall be responsible for and shall indemnify, defend and hold Landlord harmless from and against all Environmental Damages to the
extent arising out of or in connection with, (i) any Handling of Hazardous Materials by any Tenant Party in, on or about the Premises
or the Project in violation of this Section, (ii) any breach of Tenant’s obligations under this Section or of any Hazardous
Materials Laws by any Tenant Party, or (iii) the existence of any Tenant Contamination in, on or about the Premises or the Project
to the extent caused by any Tenant Party, including without limitation any removal, cleanup or restoration work and materials necessary
to return the Project or any improvements of whatever nature located on the Project to the condition existing prior to the Handling of
Hazardous Materials in, on or about the Premises or the Project by any Tenant Party. In the event of any Tenant Contamination in, on or
about the Premises or any other portion of the Project or any adjacent lands, Tenant shall promptly remedy the problem in accordance with
all applicable Hazardous Materials Laws and Legal Requirements, shall give Landlord oral notice of any such non-standard or non-customary
Release promptly after Tenant becomes aware of such Release, followed by written notice to Landlord within five (5) days after Tenant
becomes aware of such Release, and shall furnish Landlord with concurrent copies of any and all notices, reports and other written materials
filed by any Tenant Party with any governmental authority in connection with such Release. Landlord shall be responsible for and shall
indemnify and hold Tenant harmless from and against all costs of any Environmental Damages due to Landlord’s Contamination or which
arise during or after the Term of this Lease, as a result of the presence of, any Release of or the Handling of any Hazardous Material
in, on, about or under the Premises, Building or Property, except to the extent caused by Tenant or any Tenant Party; provided that Tenant
shall have the burden of reasonably demonstrating that such Hazardous Materials were not of the type used by Tenant in the Premises. Tenant
shall be conclusively presumed to have met its burden to the extent that any

    	 	23	 

     

    

 

Hazardous Materials are identified in any environmental report or other
data on the date of commencement of this Lease as being present, or are not used by Tenant. Tenant shall have no obligation to remedy
any Hazardous Materials contamination, nor to indemnify Landlord or any Landlord Parties therefrom, which was not caused or released by
a Tenant Party.

 

(6) Governmental Notices. Tenant shall
promptly provide Landlord with copies of all notices received by Tenant relating to any actual or alleged presence or Handling by any
Tenant Party of Hazardous Materials in, on or about the Premises or any other portion of the Project, including, without limitation, any
notice of violation, notice of responsibility or demand for action from any federal, state or local governmental authority or official
in connection with any actual or alleged presence or Handling by any Tenant Party of Hazardous Materials in or about the Premises or any
other portion of the Project.

 

(7) Inspection by Landlord. In addition
to, and not in limitation of, Landlord’s rights under this Lease, upon reasonable prior request by Landlord, Tenant shall grant
Landlord and its consultants, as well as any governmental authorities having jurisdiction over the Premises or over any aspect of Tenant’s
use thereof, reasonable access to the Premises at reasonable times to inspect Tenant’s Handling of Hazardous Materials in, on and
about the Premises, and Landlord shall not thereby incur any liability to Tenant or be deemed guilty of any disturbance of Tenant’s
use or possession of the Premises by reason of such entry; provided, however that Landlord shall use reasonable efforts to minimize interference
with Tenant’s use of the Premises caused by such entry. Landlord shall comply with any security precautions reasonably imposed by
Tenant during any entry onto the Premises and shall minimize to the extent reasonably possible, any interference with Tenant’s use
of the Premises caused by such entry. Notwithstanding Landlord’s rights of inspection and review of documents, materials and physical
conditions under this Section with respect to Tenant’s Handling of Hazardous Materials, Landlord shall have no duty or obligation
to perform any such inspection or review or to monitor in any way any documents, materials, physical conditions or compliance with Legal
Requirements in connection with Tenant’s Handling of Hazardous Materials, and no third Party shall be entitled to rely on Landlord
to conduct any such inspection, review or monitoring by reason of the provisions of this Section.

 

(8) Monitoring by Landlord. Landlord
reserves the absolute right to monitor, in Landlord’s reasonable discretion and at Landlord’s cost (the reasonable cost of
which shall be recoverable as an Operating Expense hereunder (except in the case of a breach of any of Tenant’s obligations under
this Section, in which event such monitoring costs may be charged back entirely to Tenant and shall be reimbursed by Tenant to Landlord
within thirty (30) days after written demand by Landlord from time to time, accompanied by supporting documentation reasonably evidencing
the costs for which such reimbursement is claimed)), at such times and from time to time as Landlord in its reasonable discretion may
determine, through consultants engaged by Landlord or otherwise as Landlord in its reasonable discretion may determine, (x) all aqueous
and atmospheric discharges and emissions from the Premises during the Term by a Tenant Party, (y) Tenant’s compliance and the
collective compliance of all tenants in the Building with requirements and restrictions relating to the occupancy classification of the
Building (including, but not limited to, Hazardous Materials inventory levels of Tenant and all other tenants in the Building), and (z) Tenant’s
compliance with all other requirements of this Section.

    	 	24	 

     

    

 

(9) Discovery of Discharge. If Landlord,
Tenant or any governmental or quasi-governmental authority discovers any Release from the Premises during the Term by a Tenant Party in
violation of this Section that, in Landlord’s reasonable determination, jeopardizes the ability of the Building or the Project
to meet applicable Legal Requirements or otherwise adversely affects the Building’s or the Project’s compliance with applicable
discharge or emission standards, or if Landlord discovers any other breach of Tenant’s obligations under this Section, then upon
receipt of written notice from Landlord or at such earlier time as Tenant obtains actual knowledge of the applicable discharge, emission
or breach, Tenant at its sole expense shall within a reasonable time (x) in the case of a Release in violation of this Lease, cease
the applicable discharge or emission and remediate any continuing effects of the discharge or emission until such time, if any, as Tenant
demonstrates to Landlord’s reasonable satisfaction that the applicable discharge or emission is in compliance with all applicable
Legal Requirements and any other applicable regulatory commitments and obligations to the satisfaction of the appropriate governmental
agency with jurisdiction over the release, and (y) in the case of any other breach of Tenant’s obligations under this Section,
take such corrective measures as Landlord may reasonably request in writing in order to cure or eliminate the breach as promptly as practicable
and to remediate any continuing effects of the breach.

 

(10) Post-Occupancy Study. If Tenant
or any Tenant Party Handles any Hazardous Materials in, on or about the Premises or the Project during the Term of this Lease, then no
later than fifteen (15) days prior to the termination or expiration of this Lease, Tenant at its sole cost and expense shall obtain
and deliver to Landlord an environmental study, performed by an expert reasonably satisfactory to Landlord, evaluating the presence or
absence of any Tenant Contamination in, on and about the Premises and the Property. Such study shall be based on a reasonable and prudent
level of tests and investigations of the Premises and surrounding portions of the Project (if appropriate) which tests shall be conducted
no earlier than the date of termination or expiration of this Lease. Liability for any remedial actions required or recommended on the
basis of such study shall be allocated in accordance with the applicable provisions of this Lease. To the extent any such remedial actions
are the responsibility of Tenant, Tenant at its sole expense shall promptly commence and diligently pursue to completion the required
remedial actions.

 

(11) Emergency Response Plans. If Landlord
in its reasonable discretion adopts any emergency response plan and/or any Contingency Plan and Emergency Procedures for the Building
or for multiple Buildings on the Project as contemplated above, Landlord shall provide copies of any such plans and procedures to Tenant
and, so long as such plans and procedures are reasonable and do not unreasonably interfere with Tenant’s Use at or access to the
Premises or materially increase the cost incurred by Tenant with respect to the Premises, Tenant shall comply with all of the requirements
of such plans and procedures to the extent applicable to Tenant and/or the Premises. If Landlord elects to adopt or materially modify
any such plans or procedures that apply to the Building during the Term of this Lease, Landlord shall consult with Tenant in the course
of preparing such plans, procedures or modifications in order to try to ensure that they will accurately reflect and be consistent with
Tenant’s operations in the Premises, but Landlord alone shall determine, in its good faith reasonable discretion, the appropriate
scope of such consultation and nothing in this paragraph shall be construed to give Tenant any right of approval or disapproval over Landlord’s
adoption or modification of any such plans or procedures so long as such plans and procedures are reasonable and do not unreasonably interfere
with Tenant’s Use of or access to the Premises or materially increase the cost incurred by Tenant with respect to the Premises.

    	 	25	 

     

    

 

(12) Radioactive Materials. Without limiting
any other applicable provisions of this Section, if Tenant Handles or proposes to Handle any Radioactive Materials in or about the Premises,
Tenant shall provide Landlord with copies of Tenant’s licenses or permits for such Radioactive Materials and with copies of all
radiation protection programs and procedures required under applicable Legal Requirements or otherwise adopted by Tenant from time to
time in connection with Tenant’s Handling of such Radioactive Materials. In addition, Tenant shall comply with any and all rules and
procedures issued by Landlord in its good faith discretion from time to time with respect to the Handling of Radioactive Materials on
the Project (such as, by way of example but not limitation, rules implementing a label defacement program for decayed waste destined
for common trash and/or rules relating to transportation and storage of Radioactive Materials on the Project), provided that such
rules and procedures shall be reasonable and not in conflict with any applicable Legal Requirements.

 

(13) Deemed Holdover Occupancy. Notwithstanding
any other provisions of this Lease, Tenant expressly agrees as follows:

 

(i) If Tenant Handles any Radioactive
Materials in or about the Premises during the term of this Lease, and another entity handling Radioactive Materials which is a prospective
tenant of Landlord is legally prohibited from occupying a portion of the Premises for a use similar to the Use as long as Tenant’s
permit or license for handling the same remains open, then for so long as any license or permit relating to such Radioactive Materials
remains open following any otherwise applicable termination or expiration of the Term of this Lease, Tenant shall be deemed to be occupying
that portion of the Premises on a holdover basis without Landlord’s consent (notwithstanding such otherwise applicable termination
or expiration of the Term of this Lease) and shall be required to continue to pay Rent and other charges in accordance with the holdover
provisions of this Lease solely for that portion of the premises which is covered by the Radioactive Materials license, until such time
as all such Radioactive Materials licenses and permits have been fully closed out in accordance with the requirements of this Lease and
with all applicable Hazardous Materials Laws and other Legal Requirements.

 

(ii) If Tenant Handles any Hazardous
Materials in or about the Premises during the term of this Lease and at the otherwise applicable termination or expiration of the Term
of this Lease Tenant has failed to remove from the Premises and the Building all known Hazardous Materials Handled by a Tenant Party or
has failed to complete any remediation or removal of Tenant’s Contamination and/or to have fully remediated, in compliance with
the requirements of this Lease and with all applicable Hazardous Materials Laws and other Legal Requirements, the Tenant’s Handling
and/or Release (if applicable) of any such Hazardous Materials during the Term of this Lease, then for so long as such circumstances continue
to exist, Tenant shall be deemed to be occupying the Premises on a holdover basis without Landlord’s consent (notwithstanding such
otherwise applicable termination or expiration of the Term of this Lease) and shall be required to continue pay Rent and other charges
in accordance with the holdover provisions of this Lease until such time as all such circumstances have been fully resolved in accordance
with the requirements of this Lease and with all applicable Hazardous Materials Laws and other Legal Requirements.

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(14) Survival of Obligations. Each party’s
obligations under this Section shall survive the expiration or other termination of this Lease and shall survive any conveyance by
Landlord of its interest in the Premises. The provisions of this Section and any exercise by either party of any of the rights and
remedies contained herein shall be without prejudice to any other rights and remedies that such party may have under this Lease or under
applicable law with respect to any Environmental Conditions and/or any Hazardous Materials with respect to any breach of the other party’s
obligations under this Section. Either party’s exercise or failure to exercise, at any time or from time to time, any or all of
the rights granted in this Section shall not in any way impose any liability on such party or shift from the other party to such
party any responsibility or obligation imposed upon the other party under this Lease or under applicable law with respect to Hazardous
Materials, Environmental Conditions and/or compliance with Legal Requirements.

 

(15) Laboratory Rules and Regulations.
Tenant agrees for itself and for its subtenants, employees, agents, and invitees to comply with the laboratory rules and regulations
(“Laboratory Rules and Regulations”) attached to this Lease as Exhibit C-1 and with all reasonable modifications
and additions thereto which Landlord may make from time to time, so long as such modifications and additions neither materially increase
Tenant’s obligations nor materially diminish Tenant’s rights hereunder..

 

7.2 LANDLORD ACCESS TO PREMISES; APPROVALS

 

(a) Upon not less than 24 hours advance notice
(except in an emergency, in which case only such notice as is reasonable under the circumstances shall be required), Tenant shall permit
Landlord to erect, use and maintain pipes, ducts, wiring and conduits in and through the Premises, so long as Tenant’s use, layout
or design of the Premises is not materially affected or altered, and Landlord or Landlord’s agents shall have the right to enter
upon the Premises in the event of an emergency, or to inspect the Premises, to perform janitorial and other services, to conduct safety
and other testing in the Premises and to make such repairs, alterations, improvements or additions to the Premises or the Building or
other parts of the Property as Landlord may deem necessary or desirable (including all alterations, improvements and additions in connection
with a change in service provider or providers). Janitorial and cleaning services shall be performed after normal business hours. Any
entry or work by Landlord may be during normal business hours and Landlord shall use reasonable efforts to ensure that any entry or work
shall not materially interfere with Tenant’s occupancy of the Premises.

 

(b) If Tenant shall not be personally present
to permit an entry into the Premises when for any reason an entry therein shall be necessary or permissible, Landlord (or Landlord’s
agents), after attempting to notify Tenant (unless Landlord believes an emergency situation exists), may enter the Premises without rendering
Landlord or its agents liable therefor, and without relieving Tenant of any obligations under this Lease.

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(c) Upon not less than 24 hours advance notice
(except in an emergency, in which case only such notice as is reasonable under the circumstances shall be required), Landlord may enter
the Premises for the purpose of conducting such inspections, tests and studies as Landlord may deem desirable or necessary to confirm
Tenant’s compliance with all Laws and Environmental Laws or for other purposes necessary in Landlord’s reasonable judgment
to ensure the sound condition of the Property and the systems serving the Property. Landlord’s rights under this Section 7.2(c) are
for Landlord’s own protection only, and Landlord has not, and shall not be deemed to have assumed, any responsibility to Tenant
or any other party as a result of the exercise or non-exercise of such rights, for compliance with Laws or Environmental Laws or for the
accuracy or sufficiency of any item or the quality or suitability of any item for its intended use.

 

(d) Landlord may do any of the foregoing,
or undertake any of the inspection or work described in the preceding paragraphs without such action constituting an actual or constructive
eviction of Tenant, in whole or in part, or giving rise to an abatement of Rent by reason of loss or interruption of business of the Tenant,
or otherwise.

 

(e) The review, approval or consent of Landlord
with respect to any item required or permitted under this Lease is for Landlord’s own protection only, and Landlord has not, and
shall not be deemed to have assumed, any responsibility to Tenant or any other party, as a result of the exercise or non-exercise of such
rights, for compliance with Laws or Environmental Laws or for the accuracy or sufficiency of any item or the quality or suitability of
any item for its intended use.

 

7.3 QUIET ENJOYMENT

 

Landlord covenants, in lieu of any implied covenant
of quiet possession or quiet enjoyment, that so long as Tenant is in compliance with the covenants and conditions set forth in this Lease,
Tenant shall have the right to quiet enjoyment of the Premises without hindrance or interference from Landlord or those claiming through
Landlord, and subject to the covenants and conditions set forth in the Lease and to the rights of any Mortgagee or ground lessor.

 

ARTICLE 8

MAINTENANCE

 

8.1 LANDLORD’S MAINTENANCE

 

Subject to the provisions of Articles Four, Fourteen
and Fifteen, Landlord shall maintain and make necessary repairs to the foundations, roofs, exterior walls, and the structural elements
of the Building (which costs shall not be included in Operating Expenses except to the extent qualifying as a Permitted Capital Expenditure),
and, subject to inclusion in Operating Expenses, the electrical, plumbing, heating, ventilating, air-conditioning, mechanical, communication,
security and the fire and life safety systems of the Building and those corridors, washrooms and lobbies which are Common Areas of the
Building, except that: (a) Landlord shall not be responsible for the maintenance or repair of any floor or wall coverings in the
Premises or any of such systems which are located within the Premises and are supplemental or special to the Building’s standard
systems; and (b) the cost of performing any of said maintenance or repairs whether to the Premises or to the Building caused by the
negligence of Tenant, its employees, agents, servants, licensees, subtenants, contractors or invitees, shall be paid by Tenant, subject
to the waivers set forth in Section 16.4. Landlord shall not be liable to Tenant for any expense, injury, loss or damage resulting
from work done in or upon, or in connection with the use of, any adjacent or nearby building, land, street or alley.

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8.2 TENANT’S MAINTENANCE

 

Tenant ashall periodically inspect the Premises
to identify any conditions that are dangerous or in need of maintenance or repair. Tenant shall promptly provide Landlord with notice
of any such conditions. Tenant shall, at its sole cost and expense, perform all maintenance and repairs to the Premises that are not Landlord’s
express responsibility under this Lease, and keep the Premises in good condition and repair, reasonable wear and tear excepted. Tenant’s
repair and maintenance obligations include, without limitation, repairs to: (a) floor covering; (b) interior partitions; (c) doors;
(d) the interior side of demising walls; (e) electronic, phone and data cabling and related equipment that is installed by or
for the exclusive benefit of Tenant (collectively, “Cable”); (f) supplemental air conditioning units, kitchens, including
hot water heaters, plumbing, and similar facilities exclusively serving Tenant; and (g) Alterations. To the extent Landlord is not
reimbursed by insurance proceeds, Tenant shall reimburse Landlord for the cost of repairing damage to the Building caused by the acts
of Tenant, Tenant Related Parties and their respective contractors and vendors. If Tenant fails to make any repairs to the Premises for
more than 30 days after notice from Landlord (except that in the event of an emergency only such notice as is reasonable under the circumstances
shall be required), Landlord may make the repairs, and Tenant shall pay the reasonable cost of the repairs, together with an administrative
charge in an amount equal to 10% of the cost of the repairs. Tenant hereby waives all right to make repairs at the expense of Landlord
or in lieu thereof to vacate the Premises and its other similar rights as provided in California Civil Code Sections 1932(1), 1941 and
1942 or any other Legal Requirement (whether now or hereafter in effect). In addition to the foregoing, Tenant shall be responsible for
repairing all special tenant fixtures and improvements, including garbage disposals, showers, plumbing, and appliances.

 

ARTICLE 9

ALTERATIONS AND IMPROVEMENTS

 

9.1 TENANT ALTERATIONS

 

(a) Except for completion of Tenant Work
undertaken by Tenant pursuant to the Workletter, the following provisions shall apply to the completion of any Tenant Alterations:

 

(1) Tenant shall not, except as provided herein,
without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed make or cause
to be made any Tenant Alterations in or to the Premises or any Property systems serving the Premises. Prior to making any Tenant Alterations,
Tenant shall give Landlord ten (10) days prior written notice to permit Landlord sufficient time to post appropriate notices of non-responsibility.
Subject to all other requirements of this Article Nine, Tenant may undertake Decoration work without Landlord’s prior written
consent. Tenant shall furnish Landlord with the names and addresses of all contractors and subcontractors and copies of all contracts
with them. All Tenant Alterations shall be completed at such time and in such manner as Landlord may from time to time designate, and
only by contractors or mechanics approved by Landlord, which approval shall not be unreasonably withheld, provided, however, that Landlord
may, in its sole

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discretion, specify the engineers and contractors to perform all work
relating to the Building’s systems (including the mechanical, heating, plumbing, security, ventilating, air-conditioning, electrical,
communication and the fire and life safety systems in the Building). The contractors, mechanics and engineers who may be used are further
limited to those whose work will not cause or threaten to cause disharmony or interference with Landlord or other tenants in the Building
and their respective agents and contractors performing work in or about the Building. Landlord may further condition its consent upon
Tenant furnishing to Landlord and Landlord approving prior to the commencement of any work or delivery of materials to the Premises related
to the Tenant Alterations such of the following as specified by Landlord: architectural plans and specifications, opinions from Landlord’s
engineers stating that the Tenant Alterations will not in any way adversely affect the Building’s systems, necessary permits and
licenses, certificates of insurance, and such other documents in such form reasonably requested by Landlord. Landlord may, in the exercise
of reasonable judgment, request that Tenant provide Landlord with appropriate evidence of Tenant’s ability to complete and pay for
the completion of the Tenant Alterations such as a performance bond or letter of credit. Upon completion of the Tenant Alterations, Tenant
shall deliver to Landlord an as-built digitized (if available) set of plans and specifications for the Tenant Alterations.

 

(2) Tenant shall pay the cost of all Tenant
Alterations and the cost of Decorating the Premises and any work to the Property occasioned thereby. Upon completion of Tenant Alterations,
Tenant shall furnish Landlord with contractors’ affidavits and full and final waivers of lien and receipted bills covering all labor
and materials expended and used in connection therewith and such other documentation reasonably requested by Landlord or Mortgagee.

 

(3) Tenant agrees to complete all Tenant Alterations
(i) in accordance with all Laws, Environmental Laws, all requirements of applicable insurance companies and in accordance with Landlord’s
standard construction rules and regulations, and (ii) in a good and workmanlike manner with the use of good grades of materials.
Tenant shall notify Landlord immediately if Tenant receives any notice of violation of any Law in connection with completion of any Tenant
Alterations and shall immediately take such steps as are necessary to remedy such violation. In no event shall such supervision or right
to supervise by Landlord nor shall any approvals given by Landlord under this Lease constitute any warranty by Landlord to Tenant of the
adequacy of the design, workmanship or quality of such work or materials for Tenant’s intended use or of compliance with the requirements
of Section 9.1(a)(3)(i) and (ii) above or impose any liability upon Landlord in connection with the performance of such
work.

 

(b) All Landlord Work and Tenant Additions
whether installed by Landlord or Tenant, shall without compensation or credit to Tenant, become part of the Premises and the property
of Landlord upon the expiration or earlier termination of this Lease and shall remain in the Premises, unless pursuant to Article Twelve,
Tenant may remove them or is required to remove them at Landlord’s request.

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9.2 LIENS

 

Tenant shall not permit any lien or claim for
lien of any mechanic, laborer or supplier or any other lien to be filed against the Building, the Land, the Premises, or any other part
of the Property arising out of work performed, or alleged to have been performed by, or at the direction of, or on behalf of Tenant. If
any such lien or claim for lien is filed, Tenant shall within ten (10) days of receiving notice of such lien or claim (a) have
such lien or claim for lien released of record or (b) deliver to Landlord a bond in form, content, amount, and issued by surety,
satisfactory to Landlord, indemnifying, protecting, defending and holding harmless the Indemnitees against all costs and liabilities resulting
from such lien or claim for lien and the foreclosure or attempted foreclosure thereof. If Tenant fails to take any of the above actions,
Landlord, in addition to its rights and remedies under Article Eleven, without investigating the validity of such lien or claim for
lien, may pay or discharge the same and Tenant shall, as payment of additional Rent hereunder, reimburse Landlord upon demand for the
amount so paid by Landlord, including Landlord’s expenses and attorneys’ fees.

 

ARTICLE 10

ASSIGNMENT AND SUBLETTING

 

10.1 ASSIGNMENT AND SUBLETTING

 

(a) Except as provided in subsection (d) below,
without the prior written consent of Landlord, which may be withheld in Landlord’s sole discretion, Tenant may not sublease, assign,
mortgage, pledge, hypothecate or otherwise transfer or permit the transfer of this Lease or the encumbering of Tenant’s interest
therein in whole or in part, by operation of Law or otherwise or permit the use or occupancy of the Premises, or any part thereof, by
anyone other than Tenant, provided, however, if Landlord chooses not to recapture the space proposed to be subleased or assigned as provided
in Section 10.2, Landlord shall not unreasonably withhold, delay or condition its consent to a subletting or assignment under this
Section 10.1. Tenant agrees that the provisions governing sublease and assignment set forth in this Article Ten shall be deemed
to be reasonable. If Tenant desires to enter into any sublease of the Premises or assignment of this Lease, Tenant shall deliver written
notice thereof to Landlord (“Tenant’s Notice”), together with the identity of the proposed subtenant or assignee and
the proposed principal terms thereof and financial and other information sufficient for Landlord to make an informed judgment with respect
to such proposed subtenant or assignee at least twenty (20) days prior to the commencement date of the term of the proposed sublease
or assignment. Landlord shall notify Tenant in writing of its approval or disapproval of the proposed sublease or assignment or its decision
to exercise its rights under Section 10.2 within fifteen (15) days after receipt of Tenant’s Notice (and all required
information). In no event may Tenant sublease any portion of the Premises or assign the Lease to any other tenant of the Project if Landlord
has space then available that would satisfy such other tenant’s space needs. Tenant shall submit for Landlord’s approval (which
approval shall not be unreasonably withheld, conditioned or delayed) any advertising which Tenant or its agents intend to use with respect
to the space proposed to be sublet.

 

(b) With respect to Landlord’s consent
to an assignment or sublease, Landlord may take into consideration any factors that Landlord may deem relevant, and the reasons for which
Landlord’s denial shall be deemed to be reasonable shall include, without limitation, the following:

 

(1) the business reputation or creditworthiness
of any proposed subtenant or assignee is not acceptable to Landlord in Landlord’s reasonable judgment; or

    	 	31	 

     

    

 

(2) in Landlord’s reasonable judgment
the proposed assignee or sublessee would diminish the value or reputation of the Building or Landlord; or

 

(3) any proposed assignee’s or sublessee’s
use of the Premises would violate Section 7.1 of the Lease or would violate the provisions of any other leases of tenants in the
Project; or

 

(4) the proposed sublessee or assignee is
a bona fide prospective tenant of Landlord in the Project as demonstrated by a written proposal dated within ninety (90) days prior
to the date of Tenant’s request, but only if and to the extent that Landlord then has space available in the Project suitable and
acceptable to the prospective sublessee or assignee; or

 

(5) the proposed sublessee or assignee would
materially increase the estimated pedestrian and vehicular traffic to and from the Premises and the Building.

 

(c) Any sublease or assignment shall be expressly
subject to the terms and conditions of this Lease. Any subtenant or assignee shall execute such documents as Landlord may reasonably require
to evidence such subtenant or assignee’s assumption of the obligations and liabilities of Tenant under this Lease to the extent
applicable to that portion of the Premises sublet or assigned. Tenant shall deliver to Landlord a copy of all agreements executed by Tenant
and the proposed subtenant and assignee with respect to the Premises. Landlord’s approval of a sublease, assignment, hypothecation,
transfer or third party use or occupancy shall not constitute a waiver of Tenant’s obligation to obtain Landlord’s consent
to further assignments or subleases, hypothecations, transfers or third party use or occupancy.

 

(d) So long as Tenant is not entering into
a transaction described herein for the purpose of avoiding or otherwise circumventing the remaining terms of this Article, Tenant may,
subject to Section 10.5, assign its entire interest under this Lease or sublease all or a portion of the Premises, without the consent
of Landlord, to (i) an Affiliate, or (ii) a successor to Tenant by purchase or other acquisition of Tenant’s capital stock
or substantially all of Tenant’s assets, merger, consolidation or reorganization, provided that all of the following conditions
are satisfied: (1) Tenant is not then in Default under this Lease; (2) Tenant shall give Landlord written notice at least fifteen
(15) days prior to the effective date of the proposed transfer together with the information required hereunder and such entity shall
expressly assume Tenant’s obligations hereunder; (3) with respect to an assignment to an Affiliate, Tenant continues to have
a net worth equal to or greater than Tenant’s net worth at the date immediately prior to such transfer; and (4) with respect
to a purchase, merger, consolidation or reorganization which results in Tenant ceasing to exist as a separate legal entity, Tenant’s
successor shall have a net worth equal to Tenant’s net worth at the date immediately prior to such transfer.

 

10.2 RECAPTURE

 

If Tenant proposes to assign this Lease in its
entirety, or to sublet substantially all of the Premises for substantially all of the remaining Term hereof, Landlord shall have the option
to terminate this Lease (“recapture”) effective as of the proposed commencement date of such sublease or assignment. If Landlord
elects to recapture, Tenant shall surrender possession of the Premises on the effective date of recapture, such date being the Termination
Date of the Lease.

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10.3 EXCESS RENT

 

Tenant shall pay Landlord on the first day of
each month during the term of the sublease or assignment, fifty percent (50%) of the amount by which the sum of all Rent and other consideration
(direct or indirect) due from the subtenant or assignee for such month exceeds: (i) that portion of the Monthly Base Rent and Rent
Adjustments due under this Lease for said month which is allocable to the space sublet or assigned; and (ii) the following costs
and expenses for the subletting or assignment of such space: (1) brokerage commissions and attorneys’ fees and expenses, (2) the
actual costs paid in making any improvements or substitutions in the Premises required by any sublease or assignment; and (3) “free
rent” periods, costs of any inducements or concessions given to subtenant or assignee, moving costs, and other amounts in respect
of such subtenant’s or assignee’s other leases or occupancy arrangements.. All such costs and expenses shall be amortized
over the term of the sublease or assignment pursuant to sound accounting principles. Notwithstanding the foregoing or any other provision
of this Lease, Landlord shall not be entitled to any portion of any sums paid or payable by the sublessee or assignee attributable to
(a) the fair market value of any furniture, equipment or furnishings transferred to such sublessee or assignee; (b) good will
and/or the fair market value of the Tenant as an ongoing business, if the sublease or assignment occurs in connection with the sale of
Tenant’s business.

 

10.4 TENANT LIABILITY

 

In the event of any sublease or assignment, whether
or not with Landlord’s consent, Tenant shall not be released or discharged from any liability, whether past, present or future,
under this Lease, including any liability arising from the exercise of any renewal or expansion option, to the extent such exercise is
expressly permitted by Landlord. Tenant’s liability shall remain primary, and in the event of default by any subtenant, assignee
or successor of Tenant in performance or observance of any of the covenants or conditions of this Lease, Landlord may proceed directly
against Tenant without the necessity of exhausting remedies against said subtenant, assignee or successor. After any assignment, Landlord
may consent to subsequent assignments or subletting of this Lease, or amendments or modifications of this Lease with assignees of Tenant,
without notifying Tenant, or any successor of Tenant, and without obtaining its or their consent thereto, and such action shall not relieve
Tenant or any successor of Tenant of liability under this Lease but in no event shall such amendments, modifications, or further actions
of Landlord occurring after the effective date of such assignment and subletting materially increase Tenant’s obligations or liability
hereunder. If Landlord grants consent to such sublease or assignment, Tenant shall pay all reasonable attorneys’ fees and expenses
incurred by Landlord with respect to such assignment or sublease; provided that if such consent is sought in connection with a sublease
or assignment not involving a change of use or alterations of the Premises the attorneys fees recoverable by Landlord shall not exceed
$500. In addition, if Tenant has any options to extend the Term or to add other space to the Premises, such options shall not be available
to any subtenant or assignee, directly or indirectly without Landlord’s express written consent, which may be withheld in Landlord’s
sole discretion.

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10.5 ASSUMPTION AND ATTORNMENT

 

If Tenant shall assign this Lease as permitted
herein, the assignee shall expressly assume all of the obligations of Tenant hereunder in a written instrument satisfactory to Landlord
and furnished to Landlord not later than fifteen (15) days prior to the effective date of the assignment. If Tenant shall sublease
the Premises as permitted herein, Tenant shall, at Landlord’s option, within fifteen (15) days following any request by Landlord,
obtain and furnish to Landlord the written agreement of such subtenant to the effect that the subtenant will attorn to Landlord and will
pay all subrent directly to Landlord upon notice from Landlord of the event of a Tenant Default.

 

10.6 PROCESSING EXPENSES

 

Tenant shall pay to Landlord, as Landlord’s
cost of processing each proposed assignment or subletting (whether or not the same is ultimately approved by Landlord or consummated by
Tenant), an amount equal to the sum of $750.00 for the cost of Landlord’s administrative, accounting and clerical time (collectively,
 “Processing Costs”). Notwithstanding anything to the contrary herein, Landlord shall not be required to process any request
for Landlord’s consent to an assignment or subletting until Tenant has paid to Landlord the amount of Landlord’s estimate
of the Processing Costs. When the actual amount of the Processing Costs is determined, it shall be reconciled with Landlord’s estimate,
and any payments or refunds required as a result thereof shall promptly thereafter be made by the parties.

 

ARTICLE 11

DEFAULT AND REMEDIES

 

11.1 EVENTS OF DEFAULT

 

The occurrence or existence of any one or more
of the following shall constitute a “Default” by Tenant under this Lease:

 

(1) Tenant fails to pay any installment or
other payment of Rent including Rent Adjustment Deposits or Rent Adjustments when due;

 

(2) Tenant fails to observe or perform any
of the other covenants, conditions or provisions of this Lease or the Workletter and fails to cure such default within thirty (30) days
after written notice thereof to Tenant, unless the default involves a hazardous condition, which shall be cured forthwith or unless the
failure to perform is a Default for which this Lease specifies there is no cure or grace period;

 

(3) the interest of Tenant in this Lease
is levied upon under execution or other legal process, which is not challenged within thirty (30) days following such event;

 

(4) a petition is filed by or against Tenant
to declare Tenant bankrupt or seeking a plan of reorganization or arrangement under any Chapter of the Bankruptcy Act, or any amendment,
replacement or substitution therefor, or to delay payment of, reduce or modify Tenant’s debts, which in the case of an involuntary
action is not discharged within thirty (30) days;

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(5) Tenant is declared insolvent by Law or
any assignment of Tenant’s property is made for the benefit of creditors;

 

(6) a receiver is appointed for Tenant or
Tenant’s property, which appointment is not discharged within thirty (30) days;

 

(7) any action taken by or against Tenant
to reorganize or modify Tenant’s capital structure in a materially adverse way which in the case of an involuntary action is not
discharged within thirty (30) days;

 

(8) upon the dissolution of Tenant.

 

(9) So
long as the then-landlord under the Lease dated                 
between Tenant and Hollis General Partnership, an affiliate of Landlord, for the premises commonly known as 1601B 63rd
Street (as such premises may change over time), located at that address in Emeryville, California (the “Hollis Lease”), is
an affiliate of the then-Landlord under this Lease, Tenant is in Default (beyond any applicable cure period set forth therein) under the
Hollis Lease.

 

11.2 LANDLORD’S REMEDIES

 

(a) A Default which remains uncured after
notice and the expiration of any applicable grace period shall constitute a Breach of the Lease for which Landlord shall have the rights
and remedies set forth in this Section 11.2 and all other rights and remedies set forth in this Lease or now or hereafter allowed
by Law, whether legal or equitable, and all rights and remedies of Landlord shall be cumulative and none shall exclude any other right
or remedy now or hereafter allowed by applicable Law.

 

(b) With respect to a Breach, at any time
Landlord may terminate Tenant’s right to possession by written notice to Tenant stating such election. Any written notice required
pursuant to Section 11.1 shall constitute notice of unlawful detainer pursuant to California Code of Civil Procedure Section 1161
if, at Landlord’s sole discretion, it states Landlord’s election that Tenant’s right to possession is terminated after
expiration of any period required by Law or any longer period required by Section 11.1. Upon the expiration of the period stated
in Landlord’s written notice of termination (and unless such notice provides an option to cure within such period and Tenant cures
the Default within such period), Tenant’s right to possession shall terminate and this Lease shall terminate, and Tenant shall remain
liable as hereinafter provided. Upon such termination in writing of Tenant’s right to possession, Landlord shall have the right,
subject to applicable Law, to re-enter the Premises and dispossess Tenant and the legal representatives of Tenant and all other occupants
of the Premises by unlawful detainer or other summary proceedings, or as otherwise permitted by Law, regain possession of the Premises
and remove their property (including their trade fixtures, personal property and those Tenant Additions which Tenant is required or permitted
to remove under Article Twelve), but Landlord shall not be obligated to effect such removal, and such property may, at Landlord’s
option, be stored elsewhere, sold or otherwise dealt with as permitted by Law, at the risk of, expense of and for the account of Tenant,
and the proceeds of any sale shall be applied pursuant to Law. Landlord shall in no event

    	 	35	 

     

    

 

be responsible for the value, preservation or safekeeping of any such
property. Tenant hereby waives all claims for damages that may be caused by Landlord’s removing or storing Tenant’s personal
property in accordance with Law under this Section or Section 12.1, and Tenant hereby indemnifies, and agrees to defend, protect
and hold harmless, the Indemnitees from any and all loss, claims, demands, actions, expenses, liability and cost (including attorneys’
fees and expenses) arising out of or in any way related to such removal or storage in accordance with Law. Upon such written termination
of Tenant’s right to possession and this Lease, Landlord shall have the right to recover damages for Tenant’s Default as provided
herein or by Law, including the following damages provided by California Civil Code Section 1951.2:

 

(1) the worth at the time of award of the
unpaid Rent which had been earned at the time of termination;

 

(2) 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 Rent
loss that Tenant proves could reasonably have been avoided;

 

(3) the worth at the time of award of the
amount by which the unpaid Rent for the balance of the term of this Lease after the time of award exceeds the amount of such Rent loss
that Tenant proves could be reasonably avoided; and

 

(4) any other amount necessary to compensate
Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or which in the
ordinary course of things would be likely to result therefrom, including, without limitation, Landlord’s unamortized costs of tenant
improvements, leasing commissions and legal fees incurred in connection with entering into this Lease. The word “rent” as
used in this Section 11.2 shall have the same meaning as the defined term Rent in this Lease. The “worth at the time of award”
of the amount referred to in clauses (1) and (2) above is computed by allowing interest at the Default Rate. The worth at the
time of award of the amount referred to in clause (3) above is computed by discounting such amount at the discount rate of the Federal
Reserve Bank of San Francisco at the time of award plus one percent (1%). For the purpose of determining unpaid Rent under clause (3) above,
the monthly Rent reserved in this Lease shall be deemed to be the sum of the Monthly Base Rent, monthly storage space rent, if any, and
the amounts last payable by Tenant as Rent Adjustments for the calendar year in which Landlord terminated this Lease as provided hereinabove.

 

(c) Even if Tenant is in Default and/or has
abandoned the Premises, this Lease shall continue in effect for so long as Landlord does not terminate Tenant’s right to possession
by written notice as provided in Section 11.2(b) above, and Landlord may enforce all its rights and remedies under this Lease,
including the right to recover Rent as it becomes due under this Lease. In such event, Landlord shall have all of the rights and remedies
of a landlord under California Civil Code Section 1951.4 (lessor may continue Lease in effect after Tenant’s Default and abandonment
and recover Rent as it becomes due, if Tenant has the right to sublet or assign, subject only to reasonable limitations), or any successor
statute. During such time as Tenant is in Default, if Landlord has not terminated this Lease by written notice and if Tenant requests
Landlord’s consent to an assignment of this Lease or a sublease of the Premises, subject to Landlord’s option to

    	 	36	 

     

    

 

recapture pursuant to Section 10.2, Landlord shall not unreasonably
withhold its consent to such assignment or sublease. Tenant acknowledges and agrees that the provisions of Article Ten shall be deemed
to constitute reasonable limitations of Tenant’s right to assign or sublet. Tenant acknowledges and agrees that in the absence of
written notice pursuant to Section 11.2(b) above terminating Tenant’s right to possession, no other act of Landlord shall
constitute a termination of Tenant’s right to possession or an acceptance of Tenant’s surrender of the Premises, including
acts of maintenance or preservation or efforts to relet the Premises or the appointment of a receiver upon initiative of Landlord to protect
Landlord’s interest under this Lease or the withholding of consent to a subletting or assignment, or terminating a subletting or
assignment, if in accordance with other provisions of this Lease.

  

(d) In the event that Landlord seeks an injunction
with respect to a breach or threatened breach by Tenant of any of the covenants, conditions or provisions of this Lease, Tenant agrees
to pay the premium for any bond required in connection with such injunction.

 

(e) Tenant hereby waives any and all rights
to relief from forfeiture, redemption or reinstatement granted by Law (including California Civil Code of Procedure Sections 1174 and
1179) in the event of Tenant being evicted or dispossessed for any cause or in the event of Landlord obtaining possession of the Premises
by reason of Tenant’s Default or otherwise;

 

(f) For purposes of Code of Civil Procedure
Section 1162, Tenant’s “place of residence”, “usual place of business”, “the property”
and “the place where the property is situated” shall mean and be the Premises, whether or not Tenant has vacated same at the
time of service, unless Tenant has provided Landlord with written notice of a different “place of residence,” “usual
place of business.”

 

(g) The voluntary or other surrender or termination
of this Lease, or a mutual termination or cancellation thereof, shall not work a merger and shall terminate all or any existing assignments,
subleases, subtenancies or occupancies permitted by Tenant, except if and as otherwise specified in writing by Landlord.

 

(h) No delay or omission in the exercise
of any right or remedy of either party upon any Default or Breach by the other party, and no exercise by a party of its rights pursuant
to Section 25.15 to perform any duty which such party fails timely to perform, shall impair any right or remedy or be construed as
a waiver. No provision of this Lease shall be deemed waived by a party unless such waiver is in writing signed by the party claimed to
have waived. The waiver by any party of any breach of any provision of this Lease shall not be deemed a waiver of any subsequent breach
of the same or any other provision of this Lease.

 

11.3 ATTORNEY’S FEES

 

In the event any party brings any suit or other
proceeding with respect to the subject matter or enforcement of this Lease, the prevailing party (as determined by the court, agency or
other authority before which such suit or proceeding is commenced) shall, in addition to such other relief as may be awarded, be entitled
to recover attorneys’ fees as actually incurred, including court costs, expert witness fees, costs and expenses of investigation,
and all attorneys’ fees, costs and

    	 	37	 

     

    

 

expenses in any such suit or proceeding (including in any action or
participation in or in connection with any case or proceeding under the Bankruptcy Code, 11 United States Code Sections 101 et seq., or
any successor statutes, in establishing or enforcing the right to indemnification, in appellate proceedings, or in connection with the
enforcement or collection of any judgment obtained in any such suit or proceeding).

 

11.4 BANKRUPTCY

 

The following provisions shall apply in the event
of the bankruptcy or insolvency of Tenant:

 

(a) In connection with any proceeding under
Chapter 7 of the Bankruptcy Code where the trustee of Tenant elects to assume this Lease for the purposes of assigning it, such election
or assignment, may only be made upon compliance with the provisions of (b) and (c) below, which conditions Landlord and Tenant
acknowledge to be commercially reasonable. In the event the trustee elects to reject this Lease then Landlord shall immediately be entitled
to possession of the Premises without further obligation to Tenant or the trustee.

 

(b) Any election to assume this Lease under
Chapter 11 or 13 of the Bankruptcy Code by Tenant as debtor-in-possession or by Tenant’s trustee (the “Electing Party”)
must provide for:

 

The Electing Party to cure or provide to Landlord
adequate assurance that it will cure all monetary defaults under this Lease within fifteen (15) days from the date of assumption
and it will cure all nonmonetary defaults under this Lease within thirty (30) days from the date of assumption. Landlord and Tenant
acknowledge such condition to be commercially reasonable.

 

(c) If the Electing Party has assumed this
Lease or elects to assign Tenant’s interest under this Lease to any other person, such interest may be assigned only if the intended
assignee has provided adequate assurance of future performance (as herein defined), of all of the obligations imposed on Tenant under
this Lease.

 

For the purposes hereof, “adequate assurance
of future performance” means that Landlord has ascertained that each of the following conditions has been satisfied:

 

(1) The assignee has submitted a current financial
statement, certified by its chief financial officer, which shows a net worth and working capital in amounts sufficient to assure the future
performance by the assignee of Tenant’s obligations under this Lease; and

 

(2) Landlord has obtained consents or waivers
from any third parties that may be required under a lease, mortgage, financing arrangement, or other agreement by which Landlord is bound,
to enable Landlord to permit such assignment.

 

(d) Landlord’s acceptance of rent or
any other payment from any trustee, receiver, assignee, person, or other entity will not be deemed to have waived, or waive, the requirement
of Landlord’s consent, Landlord’s right to terminate this Lease for any transfer of Tenant’s interest under this Lease
without such consent, or Landlord’s claim for any amount of Rent due from Tenant.

    	 	38	 

     

    

 

11.5 LANDLORD’S DEFAULT

 

Landlord shall be in default hereunder in the
event Landlord has not cured any failure of Landlord to meet its obligations hereunder within thirty (30) days after the receipt
by Landlord of written notice from Tenant of the alleged failure to perform; provided that if the nature of such default is such that
it cannot reasonably be cured within thirty (30) days, then Landlord shall not be in default hereunder so long as it commences such
cure within such thirty (30) day period and thereafter diligently prosecutes the same to conclusion. In no event shall Tenant have
the right to terminate or rescind this Lease as a result of Landlord’s default as to any covenant or agreement contained in this
Lease. Tenant hereby waives such remedies of termination and rescission and hereby agrees that Tenant’s remedies for default hereunder
and for breach of any promise or inducement shall be limited to a suit for damages and/or injunction. In addition, Tenant hereby covenants
that, prior to the exercise of any such remedies, it will give the Mortgagee notice and a reasonable time to cure any default by Landlord.

 

ARTICLE 12

SURRENDER OF PREMISES

 

12.1 IN GENERAL

 

(a) Upon the Termination Date, Tenant shall
surrender and vacate the Premises immediately and deliver possession thereof to Landlord in as clean, good and tenantable condition as
existed at the Commencement Date, ordinary wear and tear, and damage caused by casualty or Landlord excepted; provided, however, that
under no circumstances will Tenant be required to remove the Landlord Work or Tenant Work performed pursuant to the Workletter attached
hereto as Exhibit B, or any Tenant Alterations as to which Landlord failed to advise Tenant of its required removal pursuant
to this Section 12.1(b). Tenant shall deliver to Landlord all keys to the Premises. All improvements in and to the Premises, including
any Alterations (collectively, “Leasehold Improvements”) shall remain upon the Premises at the end of the Term without compensation
to Tenant. Landlord, however, by written notice to Tenant in accordance with this Section 12.1(b) may require Tenant, at its
expense, to remove (a) any Cable installed by or for the benefit of Tenant, and (b) any Alterations that, in Landlord’s
reasonable judgment, are of a nature that would require removal and repair costs that are materially in excess of the removal and repair
costs associated with standard office improvements (collectively referred to as “Required Removables”). Required Removables
may include, without limitation, internal stairways, raised floors, personal baths and showers, vaults, rolling file systems and structural
alterations and modifications. The designated Required Removables shall be removed by Tenant before the Termination Date. Tenant shall
repair damage caused by the installation or removal of Required Removables. If Tenant fails to perform its obligations in a timely manner,
Landlord may perform such work at Tenant’s expense.

 

(b) Tenant, at the time it requests approval
for a proposed Alteration, may request in writing that Landlord advise Tenant whether the Alteration or any portion of the Alteration
is a Required Removable. Within 10 days after receipt of Tenant’s request, Landlord shall advise Tenant in writing as to which portions
of the Alteration are Required Removables. If any of the

    	 	39	 

     

    

 

Tenant Additions which were installed by Tenant involved the lowering
of ceilings, raising of floors or the installation of specialized wall or floor coverings or lights, then, unless otherwise approved by
Landlord in writing, Tenant shall also be obligated to return such surfaces to their condition prior to the commencement of this Lease.
Tenant shall also be required to close any staircases or other openings between floors. In the event possession of the Premises is not
delivered to Landlord when required hereunder, or if Tenant shall fail to remove those items described above, Landlord may (but shall
not be obligated to), at Tenant’s expense, remove any of such property and store, sell or otherwise deal with such property, and
undertake, at Tenant’s expense, such restoration work as Landlord deems necessary or advisable.

 

12.2 LANDLORD’S RIGHTS

 

All property which may be removed from the Premises
by Landlord shall be conclusively presumed to have been abandoned by Tenant and Landlord may deal with such property as provided in Section 11.2(b),
including the waiver and indemnity obligations provided in that Section. Tenant shall also reimburse Landlord for all costs and expenses
incurred by Landlord in removing any of Tenant Additions and in restoring the Premises to the condition required by this Lease at the
Termination Date.

 

ARTICLE 13

HOLDING OVER

 

In the event that Tenant holds over in possession
of the Premises after the Termination Date, Tenant shall pay Landlord 150% of the monthly Rent payable for the month immediately preceding
the holding over (including increases for Rent Adjustments which Landlord may reasonably estimate. Tenant shall also pay all damages sustained
by Landlord by reason of such retention of possession. The provisions of this Article shall not constitute a waiver by Landlord of
any re-entry rights of Landlord and Tenant’s continued occupancy of the Premises shall be as a tenancy in sufferance.

 

ARTICLE 14

DAMAGE BY FIRE OR OTHER CASUALTY

 

14.1 SUBSTANTIAL UNTENANTABILITY

 

(a) If any fire or other casualty (whether
insured or uninsured) renders all or a substantial portion of the Premises or the Building untenantable, Landlord shall, with reasonable
promptness after the occurrence of such damage, estimate the length of time that will be required to substantially complete the repair
and restoration and shall by notice advise Tenant of such estimate (“Landlord’s Notice”). If Landlord estimates that
the amount of time required to substantially complete such repair and restoration will exceed one hundred and eighty (180) days from
the date such damage occurred, then Landlord, or Tenant if all or a substantial portion of the Premises is rendered untenantable, shall
have the right to terminate this Lease as of the date of such damage upon giving written notice to the other at any time within twenty
(20) days after delivery of Landlord’s Notice, provided that if Landlord so chooses, Landlord’s Notice may also constitute
such notice of termination.

    	 	40	 

     

    

 

(b) Unless this Lease is terminated as provided
in the preceding subparagraph, Landlord shall proceed with reasonable promptness to repair and restore the Premises to its condition as
existed prior to such casualty, subject to reasonable delays for insurance adjustments and Force Majeure delays, and also subject to zoning
Laws and building codes then in effect. Landlord shall have no liability to Tenant, and Tenant shall not be entitled to terminate this
Lease if such repairs and restoration are not in fact completed within the time period estimated by Landlord so long as Landlord shall
proceed with reasonable diligence to complete such repairs and restoration. Notwithstanding the foregoing, if the required repairs and
restorations are not complete by the date which is 270 days from the date of casualty, Tenant may terminate this Lease by delivery of
written notice thereof to Landlord (“Tenant’s Notice”), specifying a termination date not less than ten (10) days
from the date of delivery of Tenant’s Notice; provided, however, that if such repairs and restoration are completed prior to the
date of termination set forth in Tenant’s Notice, then Tenant’s Notice shall be null and void and this Lease shall continue
in full force and effect.

 

(c) Tenant acknowledges that Landlord shall
be entitled to the full proceeds of any insurance coverage, whether carried by Landlord or Tenant, for damages to the Premises, except
for those proceeds of Tenant’s insurance of its own personal property, trade fixtures and equipment which would be removable by
Tenant at the Termination Date. All such insurance proceeds shall be payable to Landlord whether or not the Premises are to be repaired
and restored, provided, however, if this Lease is not terminated and the parties proceed to repair and restore Tenant Additions at Tenant’s
cost, to the extent Landlord received proceeds of Tenant’s insurance covering Tenant Additions, such proceeds shall be applied to
reimburse Tenant for its cost of repairing and restoring Tenant Additions.

 

(d) Notwithstanding anything to the contrary
herein set forth: (i) Landlord shall have no duty pursuant to this Section to repair or restore any portion of any Tenant Additions
or to expend for any repair or restoration of the Premises or Building amounts in excess of insurance proceeds paid to Landlord and available
for repair or restoration; and (ii) Tenant shall not have the right to terminate this Lease pursuant to this Section if any
damage or destruction was caused by the gross negligence or willful misconduct of Tenant, its agent or employees. Whether or not the Lease
is terminated pursuant to this Article Fourteen, in no event shall Tenant be entitled to any compensation or damages for loss of
the use of the whole or any part of the Premises or for any inconvenience or annoyance occasioned by any such damage, destruction, rebuilding
or restoration of the Premises or the Building or access thereto.

 

(e) Any repair or restoration of the Premises
performed by Tenant shall be in accordance with the provisions of Article Nine hereof.

 

14.2 INSUBSTANTIAL UNTENANTABILITY

 

If the Premises or the Building is damaged by
a casualty but neither is rendered substantially untenantable and Landlord estimates that the time to substantially complete the repair
or restoration will not exceed one hundred eighty (180) days from the date such damage occurred, then Landlord shall proceed to repair
and restore the Building or the Premises, other than Tenant

    	 	41	 

     

    

 

Additions, with reasonable promptness, unless such damage is to the
Premises and occurs during the last six (6) months of the Term, in which event either Tenant or Landlord shall have the right to
terminate this Lease as of the date of such casualty by giving written notice thereof to the other within twenty (20) days after
the date of such casualty. Notwithstanding the aforesaid, Landlord’s obligation to repair shall be limited in accordance with the
provisions of Section 14.1 above.

 

14.3 RENT ABATEMENT

 

If all or any part of the Premises are rendered
untenantable by fire or other casualty and this Lease is not terminated, Monthly Base Rent and Rent Adjustments shall abate for that part
of the Premises which is untenantable on a per diem basis from the date of the casualty until Landlord has Substantially Completed the
repair and restoration work in the Premises which it is required to perform, provided, that as a result of such casualty, Tenant does
not occupy the portion of the Premises which is untenantable during such period.

 

14.4 WAIVER OF STATUTORY REMEDIES

 

The provisions of this Lease, including this Article Fourteen,
constitute an express agreement between Landlord and Tenant with respect to any and all damage to, or destruction of, the Premises or
the Property or any part of either, and any Law, including Sections 1932(2), 1933(4), 1941 and 1942 of the California Civil Code, with
respect to any rights or obligations concerning damage or destruction shall have no application to this Lease or to any damage to or destruction
of all or any part of the Premises or the Property or any part of either, and are hereby waived.

 

ARTICLE 15

EMINENT DOMAIN

 

15.1 TAKING OF WHOLE OR SUBSTANTIAL PART

 

In the event the whole or any substantial part
of the Building or of the Premises is taken or condemned by any competent authority for any public use or purpose (including a deed given
in lieu of condemnation) and is thereby rendered untenantable, this Lease shall terminate as of the date title vests in such authority,
and Monthly Base Rent and Rent Adjustments shall be apportioned as of the Termination Date. Notwithstanding anything to the contrary herein
set forth, in the event the taking is temporary (for less than the remaining Term of the Lease), Landlord may elect either (i) to
terminate this Lease or (ii) permit Tenant to receive the entire award attributable to the Premises in which case Tenant shall continue
to pay Rent and this Lease shall not terminate.

 

15.2 TAKING OF PART

 

In the event a part of the Premises is taken or
condemned by any competent authority (or a deed is delivered in lieu of condemnation), and the remaining portions of the Premises are
not, in Tenant’s reasonable business judgment, adequate or feasible for Tenant’s economic continued operations therein, then
Tenant shall have the right to terminate this Lease by delivery of written notice to Landlord delivered within ten (10) days after
such taking or condemnation. If this Lease

    	 	42	 

     

    

 

is not so terminated, the Lease shall be amended to reduce or increase,
as the case may be, the Monthly Base Rent and Tenant’s Share to reflect the Rentable Area of the Premises or Building, as the case
may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds
of sale) shall make necessary repairs and restorations to the Premises (exclusive of Tenant Additions) and to the Building to the extent
necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and economically efficient unit.
Notwithstanding the foregoing, if as a result of any taking, or a governmental order that the grade of any street or alley adjacent to
the Building is to be changed and such taking or change of grade makes it necessary or desirable to substantially remodel or restore the
Building or prevents the economical operation of the Building, Landlord shall have the right to terminate this Lease upon ninety (90) days
prior written notice to Tenant.

 

15.3 COMPENSATION

 

Landlord shall be entitled to receive the entire
award (or sale proceeds) from any such taking, condemnation or sale without any payment to Tenant, and Tenant hereby assigns to Landlord
Tenant’s interest, if any, in such award; provided, however, Tenant shall have the right separately to pursue against the condemning
authority a separate award for loss of good will and moving expenses, and in respect of the loss, if any, to Tenant Additions paid for
by Tenant without any credit or allowance from Landlord so long as there is no diminution of Landlord’s award as a result.

 

ARTICLE 16

INSURANCE

 

16.1 TENANT’S INSURANCE

 

Tenant, at Tenant’s expense, agrees to maintain
in force, with a company or companies acceptable to Landlord, during the Term: (a) Commercial General Liability Insurance on a primary
basis and without any right of contribution from any insurance carried by Landlord covering the Premises on an occurrence basis against
all claims for personal injury, bodily injury, death and property damage, including contractual liability covering the indemnification
provisions in this Lease, and such insurance shall have a combined single limit of Five Million and No/100 Dollars ($5,000,000.00); (b) Workers’
Compensation and Employers’ Liability Insurance to the extent required by and in accordance with the Laws of the State of California;
(c) “All Risks” property insurance in an amount adequate to cover the full replacement cost of all Tenant Additions,
equipment, installations, fixtures and contents of the Premises in the event of loss; (d) in the event a motor vehicle is to be used
by Tenant in connection with its business operation from the Premises, Comprehensive Automobile Liability Insurance coverage with limits
of not less than One Million and No/100 Dollars ($1,000,000.00) combined single limit coverage against bodily injury liability and property
damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of any owned,
non-owned or hired motor vehicles; and (e) such other insurance or coverages as Landlord reasonably requires.

    	 	43	 

     

    

 

16.2 FORM OF POLICIES

 

Each policy referred to in 16.1 shall satisfy
the following requirements. Each policy shall (i) name Landlord and the Indemnitees as additional insureds (except Workers’
Compensation and Employers’ Liability Insurance), (ii) be issued by one or more responsible insurance companies licensed to
do business in the State of California reasonably satisfactory to Landlord, (iii) where applicable, provide for deductible amounts
satisfactory to Landlord and not permit co-insurance, (iv) shall provide that such insurance may not be canceled or materially amended
without thirty (30) days’ prior written notice to the Landlord, and (v) each policy of “All-Risks” property
insurance shall provide that the policy shall not be invalidated should the insured waive in writing prior to a loss, any or all rights
of recovery against any other party for losses covered by such policies. Tenant shall deliver to Landlord, certificates of insurance and
at Landlord’s request, copies of all policies and renewals thereof to be maintained by Tenant hereunder, not less than ten (10) days
prior to the Commencement Date and not less than ten (10) days prior to the expiration date of each policy.

 

16.3 LANDLORD’S INSURANCE

 

(a) Landlord agrees to purchase and keep
in full force and effect during the Term hereof, including any extensions or renewals thereof, insurance under policies issued by insurers
of recognized responsibility, qualified to do business in the State of California on the Building in amounts not less than the then full
replacement cost (without depreciation) of the Building (above foundations and excluding Tenant Additions) or an amount sufficient to
prevent Landlord from becoming a co-insurer under the terms of the applicable policies, against fire and such other risks as may be included
in standard forms of all risk coverage insurance reasonably available from time to time.

 

(b) Landlord agrees to maintain in force
during the Term, Commercial General Liability Insurance covering the Building on an occurrence basis against all claims for personal injury,
bodily injury, death, and property damage. Such insurance shall be for a combined single limit of not less than Five Million and No/100
Dollars ($5,000,000.00). Neither Landlord’s obligation to carry such insurance nor the carrying of such insurance shall be deemed
to be an indemnity by Landlord with respect to any claim, liability, loss, cost or expense due, in whole or in part, to Tenant’s
negligent acts or omissions or willful misconduct. Without obligation to do so, Landlord may, in its reasonable discretion from time to
time, carry insurance in amounts greater and/or for coverage additional to the coverage and amounts set forth above.

 

16.4 WAIVER OF SUBROGATION

 

(a) Landlord agrees that, if obtainable at
no, or minimal, additional cost, and so long as the same is permitted under the laws of the State of California, it will include in its
 “All Risks” policies appropriate clauses pursuant to which the insurance companies (i) waive all right of subrogation
against Tenant with respect to losses payable under such policies and/or (ii) agree that such policies shall not be invalidated should
the insured waive in writing prior to a loss any or all right of recovery against any party for losses covered by such policies.

 

    	 	44	 

     

    

 

(b) Tenant agrees to include, if obtainable
at no, or minimal, additional cost, and so long as the same is permitted under the laws of the State of California, in its “All
Risks” insurance policy or policies on Tenant Additions, whether or not removable, and on Tenant’s furniture, furnishings,
fixtures and other property removable by Tenant under the provisions of this Lease appropriate clauses pursuant to which the insurance
company or companies (i) waive the right of subrogation against Landlord with respect to losses and to the extent payable under such
policy or policies and/or (ii) agree that such policy or policies shall not be invalidated should the insured waive in writing prior
to a loss any or all right of recovery against any party for losses covered by such policy or policies. If Tenant is unable to obtain
in such policy or policies either of the clauses described in the preceding sentence, Tenant shall, if legally possible at no or minimal
additional cost and without necessitating a change in insurance carriers, have Landlord named in such policy or policies as an additional
insured. If Landlord shall be named as an additional insured in accordance with the foregoing, Landlord agrees to endorse promptly to
the order of Tenant, without recourse, any check, draft, or order for the payment of money representing the proceeds of any such policy
or representing any other payment growing out of or connected with said policies, and Landlord does hereby irrevocably waive any and all
rights in and to such proceeds and payments.

 

(c) Provided that Landlord’s right
of full recovery under its policy or policies aforesaid is not adversely affected or prejudiced thereby, Landlord hereby waives any and
all right of recovery which it might otherwise have against Tenant, its servants, agents and employees, for loss or damage occurring to
the Real Property and the fixtures, appurtenances and equipment therein, to the extent the same is covered by Landlord’s insurance,
notwithstanding that such loss or damage may result from the negligence or fault of Tenant, its servants, agents or employees. Provided
that Tenant’s right of full recovery under its aforesaid policy or policies is not adversely affected or prejudiced thereby, Tenant
hereby waives any and all right of recovery which it might otherwise have against Landlord, its servants, and employees and against every
other tenant of the Real Property who shall have executed a similar waiver as set forth in this Section 16.4 (c) for loss or
damage to Tenant Additions, whether or not removable, and to Tenant’s furniture, furnishings, fixtures and other property removable
by Tenant under the provisions hereof to the extent the same is covered by Tenant’s insurance required under this Lease, notwithstanding
that such loss or damage may result from the negligence or fault of Landlord, its servants, agents or employees, or such other tenant
and the servants, agents or employees thereof.

 

(d) Landlord and Tenant hereby agree to advise
the other promptly if the clauses to be included in their respective insurance policies pursuant to subparagraphs (a) and (b) above
cannot be obtained on the terms hereinbefore provided and thereafter to furnish the other with a certificate of insurance or copy of such
policies showing the naming of the other as an additional insured, as aforesaid. Landlord and Tenant hereby also agree to notify the other
promptly of any cancellation or change of the terms of any such policy that would affect such clauses or naming. All such policies which
name both Landlord and Tenant as additional insureds shall, to the extent obtainable, contain agreements by the insurers to the effect
that no act or omission of any additional insured will invalidate the policy as to the other additional insureds.

 

16.5 NOTICE OF CASUALTY

 

Tenant shall give Landlord, and Landlord shall
give to Tenant, notice in case of a fire or accident in the Premises promptly after such party is aware of such event.

 

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ARTICLE 17

WAIVER OF CLAIMS AND INDEMNITY

 

17.1 WAIVER OF CLAIMS

 

To the extent permitted by Law, Tenant releases
the Indemnitees from, and waives all claims for, damage to person or property sustained by the Tenant or any occupant of the Premises
or the Property resulting directly or indirectly from any existing or future condition, defect, matter or thing in and about the Premises
or the Property or any part of either or any equipment or appurtenance therein, or resulting from any accident in or about the Premises
or the Property, or resulting directly or indirectly from any act or neglect of any tenant or occupant of the Property or of any other
person, including Landlord’s agents and servants, except to the extent caused by the gross negligence or willful and wrongful act
of any of the Indemnitees. To the extent permitted by Law, Tenant hereby waives the right to collect against Landlord any consequential
damages, compensation or claims for inconvenience or loss of business, rents, or profits as a result of such injury or damage, whether
or not caused by the gross negligence or willful and wrongful act of any of the Indemnitees; provided, however, that if such damage or
injury was material and was caused by any other tenant in the Project whose lease renders such tenant liable for losses or damages to
other tenants, then Landlord shall assign to Tenant, or pursue on Tenant’s behalf and at Tenant’s sole cost and expense, Tenant’s
reasonable claims against such other responsible tenant. If any such damage, whether to the Premises or the Property or any part of either,
or whether to Landlord or to other tenants in the Property, results from any act or neglect of Tenant, its employees, servants, agents,
contractors, invitees or customers, Tenant shall be liable therefor and Landlord may, at Landlord’s option, repair such damage and
Tenant shall, upon demand by Landlord, as payment of additional Rent hereunder, reimburse Landlord within ten (10) days of demand
for the total cost of such repairs, in excess of amounts, if any, payable to Landlord under insurance covering such damages. Tenant shall
not be liable for any such damage caused by its acts or neglect if Landlord or a tenant has recovered the full amount of the damage from
proceeds of insurance policies and the insurance company has waived its right of subrogation against Tenant.

 

17.2 INDEMNITY BY TENANT

 

Except to the extent caused by the gross negligence
or willful misconduct of Landlord, its agents, employees, or contractors, and to the extent permitted by Law, Tenant hereby indemnifies,
and agrees to protect, defend and hold the Indemnitees harmless, against any and all actions, claims, demands, liability, costs and expenses,
including attorneys’ fees and expenses for the defense thereof, arising from Tenant’s occupancy of the Premises, from the
undertaking of any Tenant Additions or repairs to the Premises, from the conduct of Tenant’s business on the Premises, or from any
breach or default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant to be performed pursuant
to the terms of this Lease, or from any willful act or negligence of Tenant, its agents, contractors, servants, employees, customers or
invitees, in or about the Premises or the Property or any part of either. In case of any action or proceeding brought against the Indemnitees
by reason of any such claim, upon notice from Landlord, Tenant covenants to defend such action or proceeding by counsel chosen by Landlord,

 

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in Landlord’s sole discretion. Landlord reserves the right to
settle, compromise or dispose of any and all actions, claims and demands related to the foregoing indemnity. The foregoing indemnity shall
not operate to relieve Indemnitees of liability to the extent such liability is caused by the willful and wrongful act of Indemnitees.
Further, the foregoing indemnity is subject to and shall not diminish any waivers in effect in accordance with Section 16.4 by Landlord
or its insurers to the extent of amounts, if any, paid to Landlord under its “All-Risks” property insurance.

 

ARTICLE 18

RULES AND REGULATIONS

 

18.1 RULES

 

Tenant agrees for itself and for its subtenants,
employees, agents, and invitees to comply with the rules and regulations listed on Exhibit C-2 attached hereto and with
all reasonable modifications and additions thereto which Landlord may make from time to time, provided that such modifications and additions
shall not materially increase Tenant’s obligations, or diminish Tenant’s rights, under this Lease..

 

18.2 ENFORCEMENT

 

Nothing in this Lease shall be construed to impose
upon the Landlord any duty or obligation to enforce the rules and regulations as set forth on Exhibit C or as hereafter
adopted, or the terms, covenants or conditions of any other lease as against any other tenant, and the Landlord shall not be liable to
the Tenant for violation of the same by any other tenant, its servants, employees, agents, visitors or licensees. Landlord shall use reasonable
efforts to enforce the rules and regulations of the Project in a uniform and non-discriminatory manner.

 

ARTICLE 19

LANDLORD’S RESERVED RIGHTS

 

Provided that Tenant’s use of or access
to the Premises is not thereby materially impaired, Landlord shall have the following rights exercisable without notice to Tenant and
without liability to Tenant for damage or injury to persons, property or business and without being deemed an eviction or disturbance
of Tenant’s use or possession of the Premises or giving rise to any claim for offset or abatement of Rent: (1) to change the
Building’s name or street address upon thirty (30) days’ prior written notice to Tenant; (2) to install, affix and
maintain all signs on the exterior and/or interior of the Building; (3) to designate and/or approve prior to installation, all types
of signs, window shades, blinds, drapes, awnings or other similar items, and all internal lighting that may be visible from the exterior
of the Premises; (4) upon reasonable notice to Tenant, to display the Premises to prospective purchasers and lenders at reasonable
hours at any time during the Term and to prospective tenants at reasonable hours during the last six (6) months of the Term; (5) to
grant to any party the exclusive right to conduct any business or render any service in or to the Building, provided such exclusive right
shall not operate to prohibit Tenant from using the Premises for the purpose permitted hereunder; (6) to change the arrangement and/or
location of entrances or passageways, doors and doorways, corridors, elevators, stairs, washrooms or public portions of the Building,
and to close entrances, doors, corridors, elevators or other facilities,

 

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provided that such action shall not materially and adversely interfere
with Tenant’s access to the Premises or the Building; (7) to have access for Landlord and other tenants of the Building to
any mail chutes and boxes located in or on the Premises as required by any applicable rules of the United States Post Office; and
(8) to close the Building after Standard Operating Hours, except that Tenant and its employees and invitees shall be entitled to
admission at all times, under such regulations as Landlord prescribes for security purposes.

 

ARTICLE 20

ESTOPPEL CERTIFICATE

 

20.1 IN GENERAL

 

Within ten (10) business days after request
therefor by Landlord, Mortgagee or any prospective mortgagee or owner, or Tenant (the party requesting the same being referred to herein
as the “Requesting Party” and the other party as the “Responding Party”) the Responding Party agrees as directed
in such request to execute an Estoppel Certificate in recordable form, binding upon the Responding Party, certifying (i) that this
Lease is unmodified and in full force and effect (or if there have been modifications, a description of such modifications and that this
Lease as modified is in full force and effect); (ii) the dates to which Rent has been paid; (iii) that Tenant is in lawful possession
of the Premises if that is the case; (iv) that the Requesting Party is not in default under this Lease, or, if the Responding Party
believes the Requesting Party is in default, the nature thereof in detail; (v) that the Responding Party has no offsets or defenses
to the performance of its obligations under this Lease (or if the Responding Party believes there are any offsets or defenses, a full
and complete explanation thereof); (vi) that the Premises have been completed in accordance with the terms and provisions hereof
or the Workletter, that Tenant has accepted the Premises and the condition thereof and of all improvements thereto and that the Responding
Party has no claims against the Requesting Party or any other party with respect thereto; (vii) that if an assignment of rents or
leases has been served upon the Tenant by a Mortgagee, Tenant will acknowledge receipt thereof and agree to be bound by the provisions
thereof; (viii) that Tenant will give to the Mortgagee copies of all notices required or permitted to be given by Tenant to Landlord;
and (ix) to any other information reasonably requested.

 

20.2 ENFORCEMENT

 

In the event that a Responding Party fails timely
to deliver an Estoppel Certificate, then the Requesting Party shall have the right to execute an Estoppel Certificate on behalf of the
Responding Party, and the Responding Party shall be bound thereby and estopped to deny the truth of the matters therein stated.

 

ARTICLE 21

RELOCATION OF TENANT

 

At any time after the date of this Lease, Landlord
may substitute for the Premises, other premises in the Project, EmeryStation I, EmeryStation East, Heritage Square or any other building
which Landlord or its affiliates may own or control in Emeryville (the “New Premises”), in which event the New Premises shall
be deemed to be the Premises for all

 

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purposes under this Lease, provided that (i) the New Premises
shall be substantially similar to the Premises in area and interior layout of the premises; (ii) if Tenant is then occupying the
Premises, Landlord shall pay the actual and reasonable expenses of physically moving Tenant, its property and equipment to the New Premises;
(iii) Landlord shall give Tenant not less than sixty (60) days’ prior written notice of such substitution; and (iv) Landlord,
at its expense, shall improve the New Premises with improvements substantially similar to those in the Premises at the time of such substitution,
if the Premises are then improved.

 

ARTICLE 22

REAL ESTATE BROKERS

 

Tenant represents that, except for the broker(s) listed
in Section 1.1, Tenant has not dealt with any real estate broker, sales person, or finder in connection with this Lease, and no such
person initiated or participated in the negotiation of this Lease, or showed the Premises to Tenant. Tenant hereby agrees to indemnify,
protect, defend and hold Landlord and the Indemnitees, harmless from and against any and all liabilities and claims for commissions and
fees arising out of a breach of the foregoing representation. Landlord agrees to pay any commission to which the brokers listed in Section 1.1
are entitled in connection with this Lease pursuant to Landlord’s written agreement with such broker.

 

ARTICLE 23

MORTGAGEE PROTECTION

 

23.1 SUBORDINATION AND ATTORNMENT

 

The effectiveness of this Lease shall be conditioned
upon Landlord’s representation and warranty to Tenant that there is not an existing Mortgagee on the property. This Lease is and
shall be expressly subject and subordinate at all times to (i) any ground or underlying lease of the Real Property, now or hereafter
existing, and all amendments, extensions, renewals and modifications to any such lease, and (ii) the lien of any mortgage or trust
deed hereafter encumbering fee title to the Real Property and/or the leasehold estate under any such lease, and all amendments, extensions,
renewals, replacements and modifications of such mortgage or trust deed and/or the obligation secured thereby, unless such ground lease
or ground lessor, or mortgage, trust deed or Mortgagee, expressly provides or elects that the Lease shall be superior to such lease or
mortgage or trust deed. If any such mortgage or trust deed is foreclosed (including any sale of the Real Property pursuant to a power
of sale), or if any such lease is terminated, upon request of the Mortgagee or ground lessor, as the case may be, Tenant shall attorn
to the purchaser at the foreclosure sale or to the ground lessor under such lease, as the case may be, provided, however, that such purchaser
or ground lessor shall not be (i) subject to any offset, defense or damages arising prior to the date of such sale out of a default
of any obligations of any preceding Landlord; or (ii) bound by any amendment or modification of this Lease made without the written
consent of the Mortgagee or ground lessor (if such consent is required under the terms of such Mortgage or ground lease); or (iii) liable
for any security deposits not actually received in cash by such purchaser or ground lessor. This subordination shall be self-operative
and no further certificate or instrument of subordination need be required by any such Mortgagee or ground lessor. In confirmation of
such subordination, however, Tenant shall execute promptly any reasonable certificate or instrument

 

    	 	49	 

     

    

 

that Landlord, Mortgagee or ground lessor may request. Tenant hereby
constitutes Landlord as Tenant’s attorney-in-fact to execute such certificate or instrument for and on behalf of Tenant upon Tenant’s
failure to do so within fifteen (15) days of a request to do so. Upon request by such successor in interest, Tenant shall execute
and deliver reasonable instruments confirming the attornment provided for herein.

 

23.2 MORTGAGEE PROTECTION

 

Tenant agrees to give any Mortgagee or ground
lessor, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant (“Tenant’s Notice
of Default”), provided that prior to such Notice Tenant has received notice (by way of service on Tenant of a copy of an assignment
of rents and leases) of the address of such Mortgagee or ground lessor. Tenant further agrees that if Landlord shall have failed to cure
such default within the time provided for in this Lease, then the Mortgagee or ground lessor shall have an additional thirty (30) days
from delivery of Tenant’s Notice of Default within which to cure such default or if such default cannot be cured within that time,
then such additional time as may be necessary, so long as any Mortgagee or ground lessor has commenced its cure within such thirty (30) days,
and is diligently pursuing the remedies necessary to cure such default (including commencement of foreclosure proceedings or other proceedings
to acquire possession of the Real Property, if necessary to effect such cure). Such period of time shall be extended by any period within
which such Mortgagee or ground lessor is prevented from commencing or pursuing such foreclosure proceedings or other proceedings to acquire
possession of the Real Property by reason of Landlord’s bankruptcy. Until the time allowed as aforesaid for Mortgagee or ground
lessor to cure such defaults has expired without cure, Tenant shall have no right to, and shall not, terminate this Lease on account of
default. This Lease may not be modified or amended so as to reduce the Rent or shorten the Term, or so as to adversely affect in any other
respect to any material extent the rights of the Landlord, nor shall this Lease be canceled or surrendered, without the prior written
consent, in each instance, of the ground lessor or the Mortgagee.

 

ARTICLE 24

NOTICES

 

(a) All notices, demands or requests provided
for or permitted to be given pursuant to this Lease must be in writing and shall be personally delivered, sent by Federal Express or other
reputable overnight courier service which provides proof of delivery, or mailed by first class, registered or certified United States
mail, return receipt requested, postage prepaid.

 

(b) All notices, demands or requests to be
sent pursuant to this Lease shall be deemed to have been properly given or served by delivering or sending the same in accordance with
this Section, addressed to the parties hereto at their respective addresses listed in Sections 1.1.

 

(c) Notices, demands or requests sent by
mail or overnight courier service as described above shall be deemed delivered on the date of delivery shown on the return receipt or
overnight courier’s proof of delivery or, if delivery is refused, then on the date that such delivery was refused. Notices may also
be served by personal service upon any Registered Agent of Landlord or Tenant, and shall be effective upon such service.

 

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(d) By giving to the other party at least
thirty (30) days written notice thereof, either party shall have the right from time to time during the term of this Lease to change
their respective addresses for notices, statements, demands and requests, provided such new address shall be within the United States
of America.

 

ARTICLE 25

MISCELLANEOUS

 

25.1 LATE CHARGES

 

(a) All non-scheduled payments required hereunder
(i.e., other than the Monthly Base Rent, Rent Adjustments, and Rent Adjustment Deposits, which shall be due as hereinbefore provided)
to Landlord shall be paid within thirty (30) days after Landlord’s demand therefor. All such amounts (including Monthly Base
Rent, Rent Adjustments, and Rent Adjustment Deposits) not paid when due shall bear interest from the date due until the date paid at the
Default Rate in effect on the date such payment was due.

 

(b) In the event that Landlord has not received
any installment of Rent due under this Lease on the date it is due, Tenant shall pay Landlord a late charge equal to five percent (5%)
of the delinquent installment of Rent. The parties agree that (i) such delinquency will cause Landlord to incur costs and expenses
not contemplated herein, the exact amount of which will be difficult to calculate, including the cost and expense that will be incurred
by Landlord in processing each delinquent payment of rent by Tenant, (b) the amount of such late charge represents a reasonable estimate
of such costs and expenses and that such late charge shall be paid to Landlord for each delinquent payment in addition to all Rent otherwise
due hereunder. The parties further agree that the payment of late charges and the payment of interest provided for in subparagraph (a) above
are distinct and separate from one another in that the payment of interest is to compensate Landlord for its inability to use the money
improperly withheld by Tenant, while the payment of late charges is to compensate Landlord for its additional administrative expenses
in handling and processing delinquent payments. Notwithstanding the foregoing, no late charge shall be payable by Tenant on the first
occasion in any twelve-month period of a delay in receipt of any payment hereunder, provided that Tenant delivers such payment to Landlord
within two (2) business days after the date that it is otherwise due. Under no circumstances shall interest be payable on any late
charge.

 

(c) Payment of interest at the Default Rate
and/or of late charges shall not excuse or cure any default by Tenant under this Lease, nor shall the foregoing provisions of this Article or
any such payments prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay Rent when
due, including the right to terminate this Lease.

 

25.2 NO JURY TRIAL; VENUE; JURISDICTION

 

(a) To the fullest extent permitted by law,
including laws enacted after the Commencement Date, each party hereto (which includes any assignee, successor, heir or personal representative
of a party) shall not seek a jury trial, hereby waives trial by jury, and hereby further waives any objection to venue in the County in
which the Project is located, and agrees and

 

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consents to personal jurisdiction of the courts of the State of California,
in any action or proceeding or counterclaim brought by any party hereto against the other on any matter whatsoever arising out of or in
any way connected with this Lease, the relationship of Landlord and Tenant, Tenant’s use or occupancy of the Premises, or any claim
of injury or damage, or the enforcement of any remedy under any statute, emergency or otherwise, whether any of the foregoing is based
on this Lease or on tort law. No party will seek to consolidate any such action in which a jury has been waived with any other action
in which a jury trial cannot or has not been waived. It is the intention of the parties that these provisions shall be subject to no exceptions.
The provisions of this Section shall survive the expiration or earlier termination of this Lease.

 

(b) In the event that the foregoing waiver
of jury trial is deemed invalid or unenforceable for any reason, any dispute with respect to the subject matter of this Lease (except
an unlawful detainer action by Landlord) shall be resolved by a referee pursuant to the provisions of California Code of Civil Procedure
Section 638 et seq., for a determination to be made which shall be binding upon the parties as if tried before a court or jury. The
parties agree specifically as to the following:

 

(i) Within thirty (30) business days
after service of a demand by a party hereto, the parties shall agree upon a single referee who shall then try all issues, whether of fact
or law, and then report a finding or judgment thereon. If the parties are unable to agree upon a referee either party may seek to have
one appointed, pursuant to California Code of Civil Procedure Section 640, by the presiding judge of the County Superior Court where
the Shopping Center is located.

 

(ii) The compensation of the referee shall
be such charge as is customarily charged by the referee for like services. The cost of such proceedings shall initially be borne equally
by the parties. However, the prevailing party in such proceedings shall be entitled, in addition to all other costs, to recover its contribution
for the cost of the reference as an item of damages and/or recoverable costs.

 

(iii) If a reporter is requested by either
party, then a reporter shall be present at all proceedings, and the fees of such reporter shall be borne by the party requesting such
reporter. Such fees shall be an item of recoverable costs. Only a party shall be authorized to request a reporter.

 

(iv) The referee shall apply all California
Rules of Procedure and Evidence and shall apply the substantive law of California in deciding the issues to be heard. Notice of any
motions before the referee shall be given, and all matters shall be set at the convenience of the referee.

 

(v) The referee’s decision under California
Code of Civil Procedure Section 644, shall stand as the judgment of the court, subject to appellate review as provided by the laws
of the State of California.

 

(vi) The parties agree that they shall in
good faith endeavor to cause any such dispute to be decided within four (4) months. The date of hearing for any proceeding shall
be determined by agreement of the parties and the referee, or if the parties cannot agree, then by the referee.

 

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(vii) The referee shall have the power to
award damages and all other relief; provided, however, that the referee shall have no power to award punitive or consequential damages.

 

25.3 DISCRIMINATION

 

Tenant agrees for Tenant and Tenant’s heirs,
executors, administrators, successors and assigns and all persons claiming under or through Tenant, and this Lease is made and accepted
upon and subject to the following conditions: that there shall be no discrimination against or segregation of any person or group of persons
on account of race, color, creed, religion, sex, marital status, national origin or ancestry (whether in the leasing, subleasing, transferring,
use, occupancy, tenure or enjoyment of the Premises or otherwise) nor shall Tenant or any person claiming under or through Tenant establish
or permit any such practice or practices of discrimination or segregation with reference to the use or occupancy of the Premises by Tenant
or any person claiming through or under Tenant.

 

25.4 NO OPTION

 

This Lease shall not become effective as a lease
or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation
of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer
by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

 

25.5 AUTHORITY

 

Each party represents and warrants to the other
that it has full authority and power to enter into and perform its obligations under this Lease, that the person executing this Lease
is fully empowered to do so, and that no consent or authorization is necessary from any third party. Landlord may request that Tenant
provide Landlord evidence of Tenant’s authority.

 

25.6 ENTIRE AGREEMENT

 

This Lease, the Exhibits attached hereto, including
the Workletter, contain the entire agreement between Landlord and Tenant concerning the Premises and there are no other agreements, either
oral or written, and no other representations or statements, either oral or written, on which either party has relied, except as expressly
set forth herein. This Lease shall not be modified except by a writing executed by Landlord and Tenant.

 

25.7 MODIFICATION OF LEASE FOR BENEFIT OF MORTGAGEE

 

If Mortgagee of Landlord requires a modification
of this Lease which shall not result in any increased cost or expense to Tenant or in any other substantial and adverse change in the
rights and obligations of Tenant hereunder, then Tenant agrees that the Lease may be so modified.

 

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25.8 EXCULPATION

 

Tenant agrees, on its behalf and on behalf of
its successors and assigns, that any liability or obligation under this Lease shall only be enforced against Landlord’s equity interest
in the Property up to a maximum of Five Million Dollars ($5,000,000.00) and in no event against any other assets of the Landlord, or Landlord’s
officers or directors or partners, and that any liability of Landlord with respect to this Lease shall be so limited and Tenant shall
not be entitled to enforce against Landlord any judgment in excess of such amount.

 

25.9 ACCORD AND SATISFACTION

 

No payment by Tenant or receipt by Landlord of
a lesser amount than any installment or payment of Rent due shall be deemed to be other than on account of the amount due, and no endorsement
or statement on any check or any letter accompanying any check or payment of Rent shall be deemed an accord and satisfaction, and Landlord
may accept such check or payment without prejudice to Landlord’s right to recover the balance of such installment or payment of
Rent or pursue any other remedies available to Landlord. No receipt of money by Landlord from Tenant after the termination of this Lease
or Tenant’s right of possession of the Premises shall reinstate, continue or extend the Term. Receipt or acceptance of payment from
anyone other than Tenant, including an assignee of Tenant, is not a waiver of any breach of Article Ten, and Landlord may accept
such payment on account of the amount due without prejudice to Landlord’s right to pursue any remedies available to Landlord.

 

25.10 LANDLORD’S OBLIGATIONS ON SALE OF BUILDING

 

In the event of any sale or other transfer of
the Building, Landlord shall be entirely freed and relieved of all agreements and obligations of Landlord hereunder accruing or to be
performed after the date of such sale or transfer, and any remaining liability of Landlord with respect to this Lease shall be limited
to the dollar amount specified in Section 25.08 and Tenant shall not be entitled to any judgment in excess of such amount. Landlord
shall have the right to assign this Lease to an entity comprised of the principals of Landlord or affiliates of such entities. Upon such
assignment and written assumption of the obligations of Landlord hereunder, Landlord shall be entirely freed and relieved of all obligations
hereunder.

 

25.11 BINDING EFFECT

 

Subject to the provisions of Article Ten,
this Lease shall be binding upon and inure to the benefit of Landlord and Tenant and their respective heirs, legal representatives, successors
and permitted assigns.

 

25.12 CAPTIONS

 

The Article and Section captions in
this Lease are inserted only as a matter of convenience and in no way define, limit, construe, or describe the scope or intent of such
Articles and Sections.

 

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25.13 TIME; APPLICABLE LAW; CONSTRUCTION

 

Time is of the essence of this Lease and each
and all of its provisions. This Lease shall be construed in accordance with the Laws of the State of California. If more than one person
signs this Lease as Landlord or Tenant, the obligations hereunder imposed shall be joint and several. If any term, covenant or condition
of this Lease or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder
of this Lease, or the application of such term, covenant or condition to persons or circumstances other than those as to which it is held
invalid or unenforceable, shall not be affected thereby and each item, covenant or condition of this Lease shall be valid and be enforced
to the fullest extent permitted by Law unless doing so would materially alter the parties’ essential bargain as set forth herein.
Wherever the term “including” or “includes” is used in this Lease, it shall have the same meaning as if followed
by the phrase “but not limited to”. The language in all parts of this Lease shall be construed according to its normal and
usual meaning and not strictly for or against either Landlord or Tenant.

 

25.14 ABANDONMENT

 

In the event Tenant vacates or abandons the Premises
but is otherwise in compliance with all the terms, covenants and conditions of this Lease, Landlord shall (i) have the right to enter
into the Premises in order to show the space to prospective tenants, (ii) have the right to reduce the services provided to Tenant
pursuant to the terms of this Lease to such levels as Landlord reasonably determines to be adequate services for an unoccupied premises,
and (iii) during the last six (6) months of the Term, have the right to prepare the Premises for occupancy by another tenant
upon the end of the Term. Tenant expressly acknowledges that in the absence of written notice pursuant to Section 11.2(b) or
pursuant to California Civil Code Section 1951.3 terminating Tenant’s right to possession, none of the foregoing acts of Landlord
or any other act of Landlord shall constitute a termination of Tenant’s right to possession or an acceptance of Tenant’s surrender
of the Premises, and the Lease shall continue in effect.

 

25.15 LANDLORD’S RIGHT TO PERFORM TENANT’S DUTIES

 

If Tenant fails timely to perform any of its duties
under this Lease or the Workletter, and such failure remains uncured after notice and any applicable grace period, Landlord shall have
the right (but not the obligation), to perform such duty on behalf and at the expense of Tenant without prior notice to Tenant, and all
sums expended or expenses incurred by Landlord in performing such duty shall be deemed to be additional Rent under this Lease and shall
be due and payable within ten (10) days following written demand by Landlord.

 

25.16 SECURITY SYSTEM

 

Landlord shall not be obligated to provide or
maintain any security patrol or security system. Landlord shall not be responsible for the quality of any such patrol or system which
may be provided hereunder or for damage or injury to Tenant, its employees, invitees or others due to the failure, action or inaction
of such patrol or system.

 

    	 	55	 

     

    

 

25.17 NO LIGHT, AIR OR VIEW EASEMENTS

 

Any diminution or shutting off of light, air or
view by any structure which may be erected on lands of or adjacent to the Project shall in no way affect this Lease or impose any liability
on Landlord.

 

25.18 RECORDATION

 

Neither this Lease, nor any notice nor memorandum
regarding the terms hereof, shall be recorded by Tenant. Any such unauthorized recording shall be a Default for which there shall be no
cure or grace period. Tenant agrees to execute and acknowledge, at the request of Landlord, a memorandum of this Lease, in recordable
form.

 

25.19 SURVIVAL

 

The waivers of the right of jury trial, the other
waivers of claims or rights, the releases and the obligations of Tenant under this Lease to indemnify, protect, defend and hold harmless
Landlord and/or Indemnitees shall survive the expiration or termination of this Lease, and so shall all other obligations or agreements
which by their terms survive expiration or termination of the Lease.

 

25.20 RIDERS

 

All Riders attached hereto and executed both by
Landlord and Tenant shall be deemed to be a part hereof and hereby incorporated herein.

 

[Signatures on Following Page]

 

    	 	56	 

     

    

 

 

IN WITNESS WHEREOF, this Lease has been executed
as of the date set forth in Section 1.1 hereof.

 

	TENANT:	 	LANDLORD:
	 	 	 	 
	Crystal Bioscience, Inc., a California corporation	 	Emery Station Office II, LLC, a California limited liability company
	 	 	 	 
	By:	/s/ Robert J. Etches	 	By:	/s/ Richard K. Robbins
	Print Name:	Robert J. Etches	 	 	Richard K. Robbins
	Its:	President & CEO	 	 	Managing Member

 

	 	 	 	 
	By:	 	 	 
	Print Name:	 	 	 
	Its:	 	 	 
	 	 	 	 
	Date:	 	 	Date: 2/19/2009
	 	 	 	 	 

 

    

     

    

 

RIDER 1

 

EXTENSION OPTION

 

Landlord hereby grants Tenant one (1) option to extend the term
of the Lease for one additional period of five (5) years (“Option Term”), commencing immediately after the expiration
of the initial term, upon the same material terms and conditions contained herein, except that (i) the Monthly Base Rent for the
Premises shall be equal to ninety-five percent (95%) of the fair market rent for the Premises based upon comparable space in the area
of Berkeley and/or Emeryville, California as determined in the manner set forth below, but in no event shall the Monthly Base Rent for
the Option Term be less than the Monthly Base Rent at the time of Tenant’s Option Notice to the Landlord, and (ii) Tenant shall
accept the Premises in an “as is” condition without any obligation of Landlord to repaint, remodel, repair, improve or alter
the Premises. Tenant’s election to exercise the option granted herein must be given to Landlord in writing no more than eleven (11) months
and no less than nine (9) months prior to expiration of the initial term (the “Notice Period”). In determining fair market
rent for the Premises, any Improvements made at Tenant’s expense shall be disregarded.

 

If Tenant properly exercises the option granted herein, references
in the Lease to the term shall be deemed to mean and include the Option Term unless the context clearly provides otherwise. Notwithstanding
anything to the contrary contained, herein, all option rights of Tenant pursuant to this Section shall automatically terminate without
notice and shall be of no further force and effect, whether or not Tenant has timely exercised the option granted herein, if (i) a
Default exists at the time of exercise of the option or at the time of commencement of the Option Term, or (ii) Tenant has sublet
more than 50% of the Premises or Tenant has assigned the Lease.

 

Within thirty (30) days after receipt of Tenant’s notice
of exercise, Landlord shall provide Tenant with a notice of its estimate of Monthly Base Rent during the Option Term (“Landlord’s
Notice”). If Tenant does not accept the Monthly Base Rent set forth in Landlord’s Notice, then Tenant shall notify Landlord
of its objection to Landlord’s determination within twenty (20) business days following receipt of Landlord’s Notice
by providing its determination of the fair market rent for the Premises in accordance with (i) below. If Tenant fails to so notify
Landlord within said twenty (20) business days, Landlord’s determination of Monthly Base Rent for the Premises shall be final
and binding upon the parties and Tenant shall have no further rights to rescind the option. If the parties are unable to agree upon the
fair market rent for the Premises within ten (10) days after Landlord’s receipt of notice of Tenant’s objection, the
amount of Monthly Base Rent as of commencement of the Option Term shall be determined as follows:

 

		i)	Within twenty (20) days after receipt of Landlord’s Notice specifying fair market rent, Tenant, at its sole expense, shall
obtain and deliver in writing to Landlord a determination of the fair market rent for the Premises for a term equal to the Option Term
from a broker (“Tenant’s broker”) licensed in the State of California and engaged in the office brokerage business in
the area of Emeryville, California, for at least the immediately preceding five (5) years. If Landlord accepts such determination,
the Monthly Base Rent for the Option Term shall be set to an amount equal to the amount determined by Tenant’s broker.

    

     

    

 

		ii)	If Landlord does not accept such determination, within fifteen (15) days after receipt of the determination of Tenant’s
broker, Landlord shall designate a broker (“Landlord’s broker”) licensed in the State of California and engaged in the
office brokerage business in the area of Emeryville, California, for at least the immediately preceding five (5) years. Landlord’s
broker and Tenant’s broker shall name a third broker, similarly qualified, within five (5) days after the appointment of Landlord’s
broker, without informing such third broker of the determinations by Landlord’s broker or Tenant’s broker. The third broker
shall independently assess the fair market value of the Premises within fifteen (15) days following the appointment of the third
broker. At the end of such 15-day period, the determinations of the three brokers shall be compared, and the Monthly Base Rent as of the
commencement of the Option Term shall be that figure submitted by Landlord’s broker or Tenant’s broker which is closest to
the fair market rent as determined by the third broker.

 

		iii)	Landlord shall pay the costs and fees of Landlord’s broker in connection with any determination hereunder, and Tenant shall
pay the costs and fees of Tenant’s broker in connection with such determination. The costs and fees of any third broker shall be
paid one-half by Landlord and one-half by Tenant. If the amount of the fair market rent is not known as of the commencement of the Option
Term, then Tenant shall continue to pay the Monthly Base Rent in effect at the expiration of the initial term until the amount of the
fair market rent is determined. When such determination is made, Tenant shall pay any deficiency to Landlord upon demand.

 

    

     

    

 

COMMENCEMENT DATE AMENDMENT

 

Emery Station Office II, LLC, a California limited
liability company (“Landlord”), and (“Tenant”), have entered into a certain Lease dated as of _________,
2007 (the “Lease”).

 

WHEREAS, Landlord and Tenant wish to confirm and
memorialize the Commencement Date and Expiration Date of the Lease as provided for in Section 2.2(b) of the Lease;

 

NOW, THEREFORE, in consideration of the foregoing
and the mutual covenants contained herein and in the Lease, Landlord and Tenant agree as follows:

 

1. Unless otherwise defined herein, all capitalized
terms shall have the same meaning ascribed to them in the Lease.

 

2. The Commencement Date (as defined in the Lease)
of the Lease is _________.

 

3. The Expiration Date (as defined in the Lease)
of the Lease is ___________.

 

4. Tenant hereby confirms the following:

 

(a) That it has accepted possession of the
premises pursuant to the terms of the Lease;

 

(b) That the Landlord Work is Substantially
Complete; and

 

(c) That the Lease is in full force and effect.

 

5. Except as expressly modified hereby, all terms
and provisions of the Lease are hereby ratified and confirmed and shall remain in full force and effect and binding on the parties hereto.

 

6. The Lease and this Commencement Date Agreement
contain all of the terms, covenants, conditions and agreements between the Landlord and the Tenant relating to the subject matter herein.
No prior other agreements or understandings pertaining to such matters are valid or of any force and effect.

 

	 	 	 	 	 
	TENANT:	 	LANDLORD:
	 	 	 	 
	 	 	Emery Station Office II, LLC, a California limited liability company
	 	 	 	 
	By:	 	 	By:	 
	Print Name:	 	 	 	Richard K. Robbins
	Its:	 	 	 	Managing Member

 

    

     

    

 

FIRST AMENDMENT

to

LEASE BETWEEN

EMERY STATION OFFICE II, LLC (LANDLORD)

And

CRYSTAL BIOSCIENCE, INC. (TENANT)

 

EMERYSTATION NORTH PROJECT

Emeryville, California

 

Reference is made to that certain Lease dated February 16, 2009
by and between Emery Station Office II, LLC, as Landlord, and Crystal Bioscience, Inc. The Lease is hereby amended by this First
Amendment, as follows:

 

		I.	The Effective Date of this First Amendment shall be May 20, 2010. From and after the First Amendment Effective Date, the existing
Lease and this First Amendment thereto shall collectively be referred to as the “Lease”.

 

		II.	Pursuant to the existing Lease, the Premises currently totals 6,820 rentable square feet on the Fourth Floor. The approximately 500
rentable square foot space adjacent to the existing Premises, as more fully identified on Exhibit A-1 hereto, shall be referred to
as the “Expansion Space”. Landlord and Tenant hereby agree that, upon completion of the Expansion Space Landlord Work (as
such is more fully defined in Section III below), and upon delivery of the Expansion Space to Tenant, the Expansion Space shall be
added to the existing Premises such that together they shall thereafter constitute the “Premises” for all purposes under the
Lease. The date of said delivery to Tenant shall be referred to as the “Expansion Premises Commencement Date”. From and after
the Expansion Premises Commencement Date, the Premises shall total 7,320 rentable square feet and Tenant’s Share of Operating Expenses
and Taxes shall be adjusted accordingly.

 

		III.	Tenant shall accept the Expansion Space in its then as-is condition subject only to Landlord’s obligation, at its sole cost
and expense, to complete the following Expansion Space Landlord Work:

 

		·	Securely locking (or at Landlord’s option, removal) of the two doors leading east into adjacent space(s) not controlled
by Tenant.

 

		·	Addition of a building standard door between the two rooms in the Expansion Space and addition of a building standard door from one
of them into Tenant’s existing Premises.

 

		IV.	Effective upon the Expansion Space Commencement Date, Tenant’s Monthly Base Rent shall be increased by $1,245.00. The new, increased
Monthly Base Rent will remain subject to three percent (3%) increases as called for by Section 1.1(9) of the Lease.

 

    

     

    

 

		V.	Tenant hereby represents to Landlord that it has represented itself in this transaction and that no broker fee shall be payable by
Landlord to any representative of Tenant as a result hereof.

 

		VI.	Except for those terms outlined above, all other terms and conditions of the Existing Lease and WorkLetter shall apply.

 

In witness hereof, the parties have executed this First Amendment.

	 	 	 
	TENANT:	 	LANDLORD:
	 	 	 
	Crystal Bioscience, Inc., a California Corporation	 	Emery Station Office II, LLC, a California limited liability company
	By:	/s/ Robert J. Etches	 	By:	/s/ Richard K. Robbins
	Print Name:	Robert J. Etches	 	Print Name:	Richard K. Robbins
	Its:	President & CEO	 	Its:	Manager
	Dated:	5/21/2010	 	Dated:	 

 

    

     

    

 

SECOND AMENDMENT

to

LEASE BETWEEN

EMERY STATION OFFICE II, LLC (LANDLORD)

And

CRYSTAL BIOSCIENCE, INC. (TENANT)

 

EMERYSTATION NORTH PROJECT

Emeryville, California

 

Reference is made to that certain Lease dated February 16, 2009
by and between Emery Station Office 11, LLC, as Landlord, and Crystal Bioscience, Inc., as Tenant, as such Lease was amended by First
Amendment whose Effective Date was May 20, 2010 (the “First Amendment”). Pursuant to the terms of the First Amendment,
the Lease and First Amendment collectively constitute the existing Lease for all purposes thereunder. The Lease is hereby further amended
by the terms of this Second Amendment, as follows:

 

		I.	The Effective Date of this Second Amendment shall be April 11, 2011 (the “Second Amendment Effective Date”). From
and after the Second Amendment Effective Date, the existing Lease and this Second Amendment thereto shall collectively constitute and
be referred to as the “Lease” for all purposes thereunder.

 

		II.	Pursuant to the terms of the Lease, Tenant leases the 7,320 rentable square foot Premises through an Expiration Date of March 31,
2014. Landlord and Tenant hereby agree to extend the Expiration Date of the Lease by six (6) months to become September 30.
2014. Effective April 1, 2014, Monthly Base Rent shall be increased by three percent (3%) from the amount immediately prior.

 

		III.	In consideration of the above-referenced agreement to extend the Lease Term, Landlord agrees to defer receipt of Monthly Base Rent
for the months of April and May, 2011 with no applicable late fees nor interest to be applied to late Base Rent for that period as
a result. Monthly Base Rent for April and May of 2011 shall be due along with all other Rent due effective June 1, 2011.
Notwithstanding the preceeding sentence, Tenant shall continue to pay currently, as called for in the Lease, all other charges including
Tenant’s estimated monthly Operating Expenses and Taxes as well as any directly-measured and billed electrical charges.

 

		IV.	Tenant hereby represents to Landlord that it has represented itself in this transaction and that no broker fee shall be payable by
Landlord to any representative of Tenant as a result hereof.

 

		V.	Except for those terms outlined above, all other terms and conditions of the existing Lease and WorkLetter shall apply.

 

    

     

    

 

In witness hereof, the parties have executed this Second Amendment.

 

	 	 	 	 
	TENANT:	LANDLORD:
	 	 	 
	Crystal Bioscience, Inc., a California Corporation	Emery Station Office II, LLC, a California Limited Liability Company
	By:	/s/ Robert J. Etches	By:	/s/ Richard K. Robbins
	Print Name:	Robert J. Etches	Print Name:	 
	Its:	President & CEO	Its:	 
	Dated:	4/11/2011	Dated:	4/13/2011

 

    

     

    

 

THIRD AMENDMENT

to

LEASE BETWEEN

EMERY STATION OFFICE II, LLC (LANDLORD)

And

CRYSTAL BIOSCIENCE, INC. (TENANT)

 

EMERYSTATION NORTH PROJECT

Emeryville, California

 

Reference is made to that certain Lease dated February 16, 2009
by and between Emery Station Office II, LLC, as Landlord, and Crystal Bioscience, Inc., as Tenant, as such Lease was amended by First
Amendment whose Effective Date was May 20, 2010 (the “First Amendment”) and via Second Amendment whose Effective Date
was April 11, 2011 (the “Second Amendment”). Pursuant to the terms of the Second Amendment, the Lease and First and Second
Amendments collectively constitute the existing Lease for all purposes thereunder. The Lease is hereby further amended by the terms of
this Third Amendment, as follows:

 

		I.	The Effective Date of this Third Amendment shall be May 30, 2011 (the “Third Amendment Effective Date”). From and
after the Third Amendment Effective Date, the existing Lease and this Third Amendment thereto shall collectively constitute and be referred
to as the “Lease” for all purposes thereunder.

 

		II.	Pursuant to the Second Amendment, Landlord agreed to defer receipt of Monthly Base Rent for the months of April and May, 2011
with no applicable late fees nor interest to be applied to said two months’ of Base Rent so long as those two months of Base Rent
were repaid to Landlord on or before June 1, 2011 along with June Rent as called for in the Lease. Landlord hereby further agrees
to defer Monthly Base Rent for the Month of June, 2011. Notwithstanding the preceeding sentence, Tenant shall continue to pay currently,
as called for in the Lease, all other charges including Tenant’s estimated monthly Operating Expenses and Taxes as well as any directly-measured
and billed electrical charges. Effective July 1, 2011, in addition to all other Rent called for in the Lease, Tenant will be responsible
to repay the previously-deferred April, May and June’s Monthly Base Rent along with interest thereon applied commencing June 1,
2011 at an annual rate of ten percent (10%).

 

		III.	Tenant hereby represents to Landlord that it has represented itself in this transaction and that no broker fee shall be payable by
Landlord to any representative of Tenant as a result hereof.

 

		IV.	Except for those terms outlined above, all other terms and conditions of the existing Lease and WorkLetter shall apply.

 

In witness hereof, the parties have executed this Third Amendment.

 

    

     

    

 

	TENANT:	LANDLORD:
	 	 	 
	Crystal Bioscience, Inc., a California Corporation	Emery Station Office II, LLC, a California Limited Liability Company
	By:	/s/ Robert J. Etches	By:	/s/ Richard K. Robbins
	Print Name:	Robert J. Etches	Print Name:	Richard K. Robbins
	Its:	President & CEO	Its:	 
	Dated:	6/10/2011	Dated:	6/14/2011

 

    

     

    

 

FOURTH AMENDMENT

to

LEASE BETWEEN

EMERY STATION OFFICE II, LLC (LANDLORD)

And

CRYSTAL BIOSCIENCE, INC. (TENANT)

And

ASSIGNMENT OF LANDLORD’S INTEREST IN THE
LEASE

To

EMERY STATION JOINT VENTURE, LLC (NEW LANDLORD)

 

Reference is made to that certain Lease dated February 16, 2009
by and between Emery Station Office II, LLC, as Landlord, and Crystal Bioscience, Inc., as Tenant, (the “Original Lease”),
as such was amended by First Amendment whose Effective Date was May 20, 2010 (the “First Amendment”), by Second Amendment
whose Effective Date was April 11, 2011 (the “Second Amendment”), and by Third Amendment whose Effective Date was May 30,
2013 (the “Third Amendment”). The Original Lease and First, Second and Third Amendments thereto collectively constitute the
existing Lease for all purposes thereunder. The Lease is hereby further amended by the terms of this Fourth Amendment, as follows:

 

		I.	EFFECTIVE DATE: The Effective Date of this Fourth Amendment shall be November 20, 2013 (the “Fourth Amendment Effective
Date”). From and after the Fourth Amendment Effective Date, the Lease and this Fourth Amendment thereto shall collectively constitute
and be referred to as the “Lease” for all purposes thereunder.

 

		II.	TERM: The Lease currently expires on September 30, 2014. Landlord and Tenant hereby agree to extend the Term of the Lease
by five and one-half (5 1/2 ) years such that it will now expire on February 28, 2020, such five and one-half (5 1/2) year period
referred to as the “Extension Term”. Tenant shall retain one five (5) year option to extend the Lease as it applies to
the entire Premises at the time of said extension pursuant to the terms of Rider 1 to the Existing Lease.

 

		III.	NEW PREMISES: Pursuant to the existing Lease, Tenant’s existing Premises is that 7,320 rentable square foot space on
the 4th floor of the EmeryStation North Building owned by Landlord and located at 5980 Horton Street in Emeryville, CA (the “Existing
Premises”). Subject to Tenant’s ability to raise additional funding for its ongoing operations (the “New Funding”,
more specifically described in Section IV below), Tenant wishes to relocate to an alternate, larger space on the 4th floor of the
EmeryStation 1 Building at 5858 Horton Street in Emeryville, CA (the “New Premises”), as more specifically identified in Exhibit A
hereto. The New Premises is envisioned to measure approximately 9,500 rentable square feet; the exact rentable square footage of the New
Premises shall be determined by final space plan mutually approved by Tenant and New Landlord. The EmeryStation 1 Building is owned by
Emery Station Joint Venture, LLC (“New Landlord”), an affiliate of Landlord.

 

    

     

    

 

New Landlord shall modify the New Premises for Tenant’s
occupancy at New Landlord’s sole cost and expense in conformance with the space plans and specifications and pursuant to the terms
of the Workletter Agreement, all attached hereto as Exhibit B (“New Premises Landlord Work”).

 

		IV.	CONTINGENCY: Landlord, New Landlord, Tenant acknowledge and agree that the provisions of this Fourth Amendment pertaining to
Tenant’s expansion and relocation to the New Premises are contingent on Tenant successfully securing adequate funding for its ongoing
operations (the “New Funding”) prior to December 31, 2013 (the “New Funding Deadline”). In the event either
New Landlord or Tenant determine, in their respective sole and absolute discretions, that Tenant’s financial resources are insufficient
to justify the expansion contemplated herein, either party may terminate the terms of this Fourth Amendment relating to such expansion
and relocation via formal written notice to the other made on or before the New Funding Deadline. In the event of such a notice from one
party to the others, this Fourth Amendment will continue to be in full force and effect, but only as it relates to the 7,320 rentable
square foot Existing Premises and the extension of Lease Term defined in Section II above; Sections V and VIII shall not apply in
such event.

 

Between the Fourth Amendment Effective Date and the New
Funding Deadline, Tenant hereby agrees to provide both Landlord and New Landlord with reasonable information on the status and potential
business terms of any new funding for purposes of New Landlord’s review and analysis as such information might bear on New Landlord’s
right to terminate the contemplated relocation of Tenant’s Premises to New Landlord’s property. Prior to the New Funding Deadline,
either party may waive its right of termination by written notice to the other. While New Landlord may elect, in its sole and absolute
discretion, to expend resources towards the design of the New Premises Landlord Work prior to the New Funding Deadline, Tenant hereby
agrees and acknowledges that Landlord is under no obligation to do so and if any such design is commenced, New Landlord may elect to discontinue
efforts at any time. In the event neither party has terminated the terms of the Fourth Amendment as they relate to the expansion and relocation
on or before the New Funding Deadline, New Landlord shall commence and pursue design and construction of the New Premises Landlord Work
with commercially-reasonable promptness.

 

Additionally, New Landlord shall not be obligated to commence
and/or to continue build-out of the New Premises Landlord Work at any point in which Tenant is in material, uncured default under the
Lease. Any such material, uncured default will not forestall Tenant’s rent obligations for the existing Premises under this Fourth
Amendment.

 

    

     

    

 

		V.	RELOCATION: Tenant shall make reasonable efforts to relocate to the New Premises as soon as is practical after Substantial
Completion of the New Premises Landlord Work, it being understood and agreed by the parties that, notwithstanding the date of Substantial
Completion of the New Premises Landlord Work, Tenant shall have no obligation to relocate to the New Premises prior to June 30, 2014
if such an earlier date is not reasonably convenient for Tenant’s business operations. The New Premises Commencement Date shall
be the date upon which New Landlord achieves Substantial Completion of the New Premises Landlord Work and delivers possession of the New
Premises to Tenant subject to the aforementioned right by Tenant to defer occupancy prior to June 30, 2014. Tenant shall be deemed
to be in Default if Tenant has not both: a) relocated to the New Premises and b) delivered possession of the Existing Premises back to
Landlord in broom-clean, de-commissioned and de-contaminated condition as specified in the Lease within seven (7) days after New
Landlord’s delivery of possession of the New Premises, again subject to the April 30, 2014 date. Tenant hereby agrees and acknowledges
that prior to the New Premises Commencement, the Landlord under this Lease shall be Landlord and that following said date the Landlord
under this Lease shall become New Landlord, and that following the New Premises Commencement Date Landlord shall have no further obligations
nor liabilities to Tenant, and that this Lease shall thereafter be construed as a lease agreement solely between Tenant and New Landlord.

 

		VI.	RENT: Prior to the New Premises Commencement Date, Monthly Base Rent as well as Tenant’s Share of Operating Expenses
and Taxes shall be calculated based on the rentable square footage of the Existing Premises as it relates to the total square footage
of the EmeryStation North Building. Following the New Premises Commencement Date, the Monthly Base Rent and Tenant’s Share of Operating
Expenses and Taxes shall be calculated based on the rentable square footage of the New Premises as it relates to the total square footage
of the EmeryStation 1 Building. The Monthly Base Rent applicable to the Existing Premises is presently calculated on the basis of $2.53
per rentable square foot. Pursuant to the terms of the Existing Lease, that Monthly Base Renal Rate is set to increase by three percent
(3%) effective September 1, 2014. The Monthly Base Rental shall continue to increase three percent (3%) annually every September 1st
during the Extension Term and shall apply to the Existing Premises prior to the New Premises Commencement Date and to the New Premises
after the New Premises Commencement Date.

 

		VII.	SECURITY DEPOSIT: Within no more than forty-five (45) days after both Landlord and Tenant formally waive (via written
notice to the other) their respective rights to terminate the contemplated expansion of Tenant’s Premises as more fully described
in Section IV above, but in no event later than February 15, 2014, Tenant shall remit to Landlord additional funds to increase
the existing Security Deposit in proportion to the increase in rentable area of the New Premises compared to the Existing Premises (i.e.
to increase it by the ratio of the rentable square footage of the New Premises compared to the 7,320 rentable square footage of the Existing
Premises). By way of example, if the New Premises is determined to measure 9,700 rentable square feet pursuant to the

 

    

     

    

 

mutually-approved space plan referenced in Section III
above, the Security deposit required under this Section would be the product of 9,700 divided by 7,320 times the amount of the existing
Security Deposit. Upon the New Premises Commencement Date Landlord agrees to transfer Tenant’s Security Deposit to New Landlord.

 

		VIII.	REPRESENTATION: Tenant hereby represents to Landlord that it has represented itself in this transaction and that no broker
fee shall be payable by Landlord to any representative of Tenant as a result other than a consulting fee payable to Rico Cheung of Kidder
Mathews pursuant to a separate agreement between he and Landlord.

 

		IX.	MISCELLANEOUS: Upon the New Premises Commencement Date, the Lease shall be further modified as follows:

 

		a.	Section 1.1(1) BUILDING AND ADDRESS shall become EmeryStation 1, 5858 Horton Street, Emeryville, CA 94608

 

		b.	Section 1.1(2) LANDLORD AND ADDRESS shall become Emery Station Joint Venture, LLC, c/o Wareham Development.

 

		c.	Section 1.1(9) RENTABLE AREA OF THE PREMISES shall be the rentable area of the New Premises, as referenced in Section III
above.

 

		d.	Section 1.1(11) SUITE NUMBER shall become (to be inserted later).

 

		X.	GENERAL: Except for those terms outlined above, all other terms and conditions of the existing Lease and WorkLetter shall apply.

 

In witness hereof, the parties have executed this Fourth Amendment.

 

	 	 	 	 
	TENANT:	LANDLORD:
	Crystal Bioscience, Inc., a California Corporation	Emery Station Office II, LLC, a California Limited Liability Company
	 	 	 	 
	By:	/s/ Robert J. Etches	By:	/s/ Richard K. Robbins
	Print Name:	Robert J. Etches	Print Name:	 
	Its:	President & CEO	Its:	 
	Dated:	11/20/2013	Dated:	11/20/2013

 

    

     

    

 

	 	 	 
	 	NEW LANDLORD:
	 	Emery Station Office Joint Venture, LLC, a California Limited Liability Company
	 	 	 
	 	By:	/s/ Richard K. Robbins
	 	Print Name:	 
	 	Its:	 
	 	Dated:	11/20/2013

 

    

     

    

 

FIFTH AMENDMENT

to

LEASE BETWEEN

EMERY STATION OFFICE II, LLC (LANDLORD)

And

CRYSTAL BIOSCIENCE, INC. (TENANT)

 

Reference is made to that certain Lease dated February 16, 2009
by and between Emery Station Office II, LLC, as Landlord, and Crystal Bioscience, Inc., as Tenant, (the “Original Lease”),
as such was amended by First Amendment whose Effective Date was May 20, 2010 (the “First Amendment”), by Second Amendment
whose Effective Date was April 11, 2011 (the “Second Amendment”), by Third Amendment whose Effective Date was May 30,
2013 (the “Third Amendment”), and by Fourth Amendment whose Effective Date was November 20, 2013 (the “Fourth Amendment”).
The Original Lease and First, Second, Third and Fourth Amendments thereto collectively constitute the existing Lease for all purposes
thereunder. The Lease is hereby further amended by the terms of this Fifth Amendment, as follows:

 

		I.	EFFECTIVE DATE: The Effective Date of this Fifth Amendment shall be January 30, 2013 (the “Fifth Amendment Effective
Date”). From and after the Fifth Amendment Effective Date, the Lease and this Fifth Amendment thereto shall collectively constitute
and be referred to as the “Lease” for all purposes thereunder.

 

		II.	TERM: Pursuant to the Fourth Amendment, the Lease expires on February 28, 2020, subject to Tenant’s option to further
extend the Term of the Lease by one additional five (5) year period (i.e. to February 28, 2025), as described in Section II
of the Fourth Amendment.

 

		III.	PREMISES: In the Fourth Amendment, Tenant, Landlord and New Landlord Emery Station Joint Venture, LLC (an affiliate of Landlord)
all agreed that Tenant would expand its space via its relocation to a larger space on the 4th floor of the EmeryStation 1 Building at
5858 Horton Street in Emeryville, which building is owned by New Landlord. Tenant has subsequently requested, and both Landlord and New
Landlord have agreed, to allow Tenant to remain in its existing 7,320 rentable square foot Premises (as more fully defined in Exhibit A
hereto) for the extended Term of the Lease rather than to expand and relocate. This agreement for Tenant to remain in its existing Premises
is subject to Landlord’s agreement to, at its sole cost and expense, to make alterations to that existing Premises as more fully
outlined on Exhibit B hereto (the “Landlord Alterations”).

 

		IV.	EXPANSION: Tenant’s interest in remaining in the existing Premises rather than expanding and relocating to alternate
premises is based on Tenant’s belief that it will not reasonably likely have additional space needs for at least eighteen months
following the Effective Date hereof. Landlord hereby agrees to make commercially-reasonable efforts to negotiate mutually-satisfactory
solutions and transaction terms to any additional space needs Tenant may have following said eighteen month period in buildings in Emeryville
owned by Landlord or Landlord’s affiliates, it being understood and agreed by both Landlord and Tenant that the terms of any such
expansion may be different from the terms contained in Tenant’s existing Lease and must be satisfactory to both Landlord and to
Tenant in their respective sole and absolute discretion.

 

    

     

    

 

		V.	PARKING: Tenant may elect to convert up to two of its existing unreserved, non-premium parking spaces under the Lease to unreserved,
 “premium” spaces in the Building’s ground floor parking level, and agrees to pay Landlord’s quoted rates therefore.
At Landlord’s election, in its sole and absolute discretion, it may make additional premium spaces available to Tenant on a month-to
month basis, again bearing Landlord’s quoted rates therefore.

 

		V.	RENT: Monthly Base Rent for the 7,320 rentable square foot Premises during the Extension Term (as “Extension Term”
is defined in the Fourth Amendment) shall be:

 

	PERIOD	 	MONTHLY BASE RENT	 
	9/1/2014 – 8/31/2015	 	$	19,075,19	 
	9/1/2015 – 8/31/2016	 	$	19,647.44	 
	9/1/2016 – 8/31/2017	 	$	20,236.87	 
	9/1/2017 – 8/31/2018	 	$	20,843.97	 
	9/1/2018 – 8/31/2019	 	$	21,469.29	 
	9/1/2019 – 2/28/2020	 	$	22,113.39	 

 

		VI.	SECURITY DEPOSIT: With the agreement referenced above to not increase the size of Tenant’s Premises, the Security Deposit
will remain unchanged and not need to be increased as had otherwise been set forth in Section VII of the Fourth Amendment.

 

		VII.	REPRESENTATION: Tenant hereby represents to Landlord that it has represented itself in this transaction and that no broker
fee shall be payable by Landlord to any representative of Tenant as a result other than a consulting fee payable to Rico Cheung of Kidder
Mathews pursuant to a separate agreement between he and Landlord, this transaction being deemed to replace and be a substitute for that
expansion and relocation of Tenant’s Premises that had been contemplated in the Fourth Amendment.

 

VIII.GENERAL: Except for those
terms outlined above, all other terms and conditions of the existing Lease and WorkLetter shall apply.

 

    

     

    

 

In witness hereof, the parties have executed this Fifth Amendment.

 

	TENANT:	LANDLORD:
	Crystal Bioscience, Inc., a California Corporation	Emery Station Office II, LLC, a California Limited Liability Company
	 	 	 	 
	By:	/s/ Robert J. Etches	By:	/s/ Richard K. Robbins
	Print Name:	Robert J. Etches	Print Name:	 
	Its: President & CEO	Its:	 
	Dated: 1/30/2014	Dated: 2/2/2014
	 	 
	 	NEW LANDLORD:
	 	Emery Station Office Joint Venture, LLC, a California Limited Liability Company
	 	 	 
	 	By:	/s/ Richard K. Robbins
	 	Print Name:	 
	 	Its:	 
	 	Dated: 2/2/2014

 

    

     

    

 

SIXTH AMENDMENT

to

LEASE BETWEEN

EMERY STATION OFFICE II, LLC (LANDLORD)

And

CRYSTAL BIOSCIENCE, INC. (TENANT)

 

Reference is made to that certain Lease dated February 16, 2009
by and between Emery Station Office II, LLC, as Landlord, and Crystal Bioscience, Inc., as Tenant, (the “Original Lease”),
as such was amended by First Amendment whose Effective Date was May 20, 2010 (the “First Amendment”), by Second Amendment
whose Effective Date was April 11, 2011 (the “Second Amendment”), by Third Amendment whose Effective Date was May 30,
2013 (the “Third Amendment”), by Fourth Amendment whose Effective Date was November 20, 2013 (the “Fourth Amendment”),
and by Fifth Amendment whose Effective Date was January 30, 2013 (the “Fifth Amendment”). The Original Lease and First,
Second, Third, Fourth and Fifth Amendments thereto collectively constitute the existing Lease for all purposes thereunder. The Lease is
hereby further amended by the terms of this Sixth Amendment, as follows:

 

		I.	EFFECTIVE DATE: The Effective Date of this Sixth Amendment shall be September 25, 2014 (the “Sixth Amendment Effective
Date”). From and after the Sixth Amendment Effective Date, the Lease and this Sixth Amendment thereto shall collectively constitute
and be referred to as the “Lease” for all purposes thereunder.

 

		II.	TERM: The Lease currently expires on February 28, 2020. Landlord and tenant hereby agree to extend the Term of the Lease
by one (1) year such that it will now expire on February 28, 2012, such one year extension period to be referred to as the “Sixth
Amendment Expansion Term”. Tenant shall retain one option to further extend the Term of the Lease by one additional five (5) year
period (i.e. to February 28, 2026), as described in Section II of the Fourth Amendment.

 

		III.	MONTHLY BASE RENT: Monthly Base Rent prior to the commencement of the Sixth Amendment Extension Term shall be as called for in Section V
of the Fifth Amendment. Monthly Base Rent during the Sixth Amendment Extension Term shall be as follows:

 

	PERIOD	 	MONTHLY BASE RENT	 
	3/1/2020 – 8/31/2020	 	$	22,113.39	 
	9/1/2020 – 2/28/2021	 	$	22,776.79	 

 

		IV.	PARKING: As of the Fifth Amendment, Tenant held rights to use up to ten (10) unreserved parking spaces at the Terraces
Garage. With this Sixth Amendment, Tenant’s rights to use unreserved parking space in the Terraces Garage shall be increased by
an additional five (5) spaces to become a total of fifteen (15) spaces. Tenant’s use of the parking spaces shall be governed
by the terms of the Lease and Tenant shall pay Landlord’s quoted monthly rates therefore. In addition, Tenant shall be entitled
to park two (2) motorcycles in the garage of the Building free of charge during the term of the Lease.

 

    

     

    

 

		V.	REPRESENTATION: Tenant hereby represents to Landlord that it has represented itself in this transaction and that no broker
fee shall be payable by Landlord to any representative of Tenant as a result.

 

		VI.	GENERAL: Except for those terms outlined above, all other terms and conditions of the existing Lease and WorkLetter shall apply.

 

In witness hereof, the parties have executed this Sixth Amendment.

 

	 	 	 	 	 
	TENANT:	 	LANDLORD:
	Crystal Bioscience, Inc., a California Corporation	 	Emery Station Office II, LLC, a California Limited Liability Company
	 	 	 	 	 
	By:	/s/ Robert J. Etches	 	By:	Richard K. Robbins
	Print Name:	Robert J. Etches	 	Print Name:	/s/ Richard K. Robbins
	Its: President & CEO	 	Its: Managing Member
	Dated: 9/26/2014	 	Dated: 9/29/2014

 

    

     

    

 

SEVENTH AMENDMENT

to

LEASE BETWEEN

EMERY STATION OFFICE II, LLC (LANDLORD)

And

CRYSTAL BIOSCIENCE, INC. (TENANT)

 

EMERYSTATION NORTH PROJECT

Emeryville, California

 

Reference is made to that certain Lease dated February 16, 2009
by and between Emery Station Office II, LLC, as Landlord, and Crystal Bioscience, Inc., as Tenant, (the “Original Lease”),
as such was amended by First Amendment whose Effective Date was May 20, 2010 (the “First Amendment”), by Second Amendment
whose Effective Date was April 11, 2011 (the “Second Amendment”), by Third Amendment whose Effective Date was May 30,
2013 (the “Third Amendment”), by Fourth Amendment whose Effective Date was November 20, 2013 (the “Fourth Amendment”),
by Fifth Amendment whose Effective Date was January 30, 2013 (the “Fifth Amendment”) and by Sixth Amendment whose Effective
Date was September 25, 2014 (the “Sixth Amendment”). The Original Lease and First, Second, Third, Fourth, Fifth and Sixth
Amendments thereto collectively constitute and are referred to as the Lease for all purposes thereunder. The Lease is hereby further amended
by the terms of this Seventh Amendment, as follows:

 

		I.	The Effective Date of this Seventh Amendment shall be February 17, 2016 (the “Seventh Amendment Effective Date”).
From and after the Seventh Amendment Effective Date, the existing Lease and this Seventh Amendment thereto shall collectively constitute
and be referred to as the “Lease” for all purposes thereunder.

 

		II.	Pursuant to the terms of the Lease, Tenant presently leases the 7,320 rentable square foot Premises through an Expiration Date of
February 28, 2021. Landlord and Tenant hereby agree to extend the Expiration Date of the Lease by six (6) months to become August 31,
2021.

 

		III.	Effective March 1, 2021, Monthly Base Rent shall be increased by three percent (3%) from the amount immediately prior.

 

		IV.	In consideration of the above-referenced agreement to extend the Lease Term, Landlord agrees to defer receipt of an amount equal to
fifty percent (50%) of Monthly Base Rent and Rent Deposit Adjustments (on account of Tenant’s Share of Operating Expenses and Taxes)
otherwise due from Tenant to Landlord for the months of March and April, 2016, (this 50% amount to be referred to as the “2016
Deferrals”). Tenant shall pay to Landlord the full amount of the 2016 Deferrals plus all other Rent otherwise then due effective
the earlier of: a) May 1, 2016 and b) Tenant’s successful closing of a sale or financing. In the event Tenant timely repays
the 2016 Deferrals as required above, Landlord shall apply no late fees nor interest to the Deferrals as would otherwise be allowed under
the terms of the Lease. Notwithstanding the preceeding, Tenant shall continue to pay currently, the 50% of Base Rent and Rent Adjustment
Deposits as called for in the Lease, along with any and all other charges pursuant to the Lease.

 

    

     

    

 

		V.	Tenant hereby represents to Landlord that it has represented itself in this transaction and that no broker fee shall be payable by
Landlord to any representative of Tenant as a result hereof.

 

		VI.	Except for those terms outlined above, all other terms and conditions of the existing Lease shall apply.

 

In witness hereof, the parties have executed this Seventh Amendment.

 

	TENANT:	 
	 	 
	Crystal Bioscience, Inc., a California Corporation	 
	 	 	 
	By:	/s/ Robert J. Etches	 
	Print Name:	Robert J. Etches	 
	Its: 	President & CEO	 
	Date: 	2/18/2016	 

 

	LANDLORD:	 
	 	 
	Emery Station Office II, LLC, a California limited 

liability company	 
	 	 	 
	By:	Emery Station Associates II, LLC, a California 

limited liability company its Managing

Member	 
	 	 	 
	By:	Wareham-NZL, LLC, 

a California limited liability company 

its Managing Member	 

 

	 	 	 
	By:	/s/ Richard K. Robbins	 
	Richard K. Robbins, Manager	 
	 	 	 
	Date: 	3/14/2016	 

 

    

     

    

 

EIGHTH AMENDMENT

(5980 Horton Street, Emeryville, California)

 

This Eighth Amendment (this “Amendment”), dated
as of May 13, 2021, is entered into by and between EMERY STATION OFFICE II, LLC, a California limited liability company (“Landlord”),
and CRYSTAL BIOSCIENCE, INC., a California corporation (“Tenant”).

 

Recitals

 

A. Landlord and Tenant entered into that certain
Lease dated February 16, 2009, as amended by that certain First Amendment to Lease dated May 21, 2010, that certain Second Amendment
to Lease dated April 13, 2011, that certain Third Amendment to Lease dated June 14, 2011, that certain Fourth Amendment to Lease
dated November 20, 2013, that certain Fifth Amendment to Lease dated February 2, 2014, that certain Sixth Amendment to Lease
dated September 29, 2014, and that certain Seventh Amendment to Lease dated March 14, 2016 (collectively, the “Lease”),
whereby Tenant leases certain space known as Suite 405 and consisting of approximately 7,320 rentable square feet (the “Premises”)
within the building located at 5980 Horton Street, Emeryville, California (the “Building”).

 

B. Tenant’s parent company, Ligand Pharmaceuticals
Incorporated, a Delaware corporation (“Ligand Phama”), and Landlord have entered into that certain Office/Laboratory
Lease dated substantially concurrently herewith for space (the “Ligand Pharma Space”) on the 6th Floor of the Building
(the “Ligand Pharma Lease”). Pursuant to the terms of the Ligand Pharma Lease, Ligand Pharma intends to complete certain
improvement work within the Ligand Pharma Space designated as the “Phase II Tenant Work” in the Ligand Pharma Lease.

 

C. The current Term of the Lease expires as of
August 31, 2021 (the “Prior Expiration Date”), and the parties now desire to extend the Term of the Lease to the
date that is thirty (30) days after completion of the Phase II Tenant Work under the Ligand Pharma Lease, on the following terms
and conditions.

 

NOW THEREFORE, in consideration of the foregoing and the mutual covenants
contained herein, the parties agree as follows:

 

Agreement

 

1. Definitions; Recitals. Unless otherwise
specified herein, all capitalized terms used in this Amendment are used as defined in the Lease. The parties acknowledge the truthfulness
of the foregoing Recitals, which are hereby incorporated into this Amendment.

 

2. Inconsistencies. To the extent that
there are any inconsistencies between the terms of the Lease and this Amendment, the terms of this Amendment shall control.

 

    

     

    

 

3. Extension. The Term of the Lease is
hereby extended for a period of approximately ten (10) months and shall expire the date that is thirty (30) days after Substantial
Completion of the Phase II Tenant Work under the Ligand Pharma Lease (the “Extended Expiration Date”), unless sooner
terminated in accordance with the terms of the Lease. The Extended Expiration Date is estimated to be on or about June 30, 2022.
Tenant acknowledges and agrees that Tenant and Ligand Pharma shall confirm the actual Extended Expiration Date in a Commencement Date
Memorandum to be executed in connection with the Ligand Pharma Lease. That portion of the Term commencing the day immediately following
the Prior Expiration Date (the “Extension Date”) and ending on the Extended Termination Date shall be referred to herein
as the “Extended Term”.

 

4. Monthly Base Rent. As of the Extension
Date, the schedule of Monthly Base Rent shall remain as set forth in the Lease. All such Monthly Base Rent shall continue to be payable
by Tenant in accordance with the terms of the Lease.

 

5. Premises “As-Is”. Tenant
is in possession of the Premises and accepts the same “as is” without any agreements, representations, understandings or obligations
on the part of Landlord to perform any alterations, repairs or improvements, except as may be expressly provided otherwise in this Amendment.

 

6. Miscellaneous.

 

(a) This Amendment sets forth the entire agreement
between the parties with respect to the matters set forth herein. There have been no additional oral or written representations or agreements.
Under no circumstances shall Tenant be entitled to any Rent abatement, improvement allowance, leasehold improvements, or other work to
the Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless
specifically set forth in this Amendment.

 

(b) Except as herein modified or amended,
the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect.

 

(c) In the case of any inconsistency between
the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control.

 

(d) Submission of this Amendment by Landlord
is not an offer to enter into this Amendment but rather is a solicitation for such an offer by Tenant. Landlord shall not be bound by
this Amendment until Landlord has executed and delivered the same to Tenant.

 

(e) The capitalized terms used in this Amendment
shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined
in this Amendment.

 

(f) Tenant hereby represents to Landlord that
Tenant has dealt with no broker in connection with this Amendment. Tenant agrees to indemnify and hold Landlord, its members, principals,
beneficiaries, partners, officers, directors, employees, mortgagee(s) and agents, and the respective principals and members of any
such agents (collectively, the “Landlord Related Parties”) harmless from all claims of any brokers claiming to have
represented Tenant in

 

    

     

    

 

connection with this Amendment. Landlord hereby represents to Tenant
that Landlord has dealt with no broker in connection with this Amendment. Landlord agrees to indemnify and hold Tenant, its members, principals,
beneficiaries, partners, officers, directors, employees, and agents, and the respective principals and members of any such agents (collectively,
the “Tenant Related Parties”) harmless from all claims of any brokers claiming to have represented Landlord in connection
with this Amendment.

 

(g) This Amendment may be executed in counterparts
each of which counterparts when taken together shall constitute one and the same agreement. Any facsimile, PDF or other electronic signature
shall constitute a valid and binding method for executing this Amendment. Executed counterparts of this Amendment exchanged by facsimile
transmission, PDF email, or other electronic means shall be fully enforceable.

 

IN WITNESS WHEREOF, the parties have executed this Amendment as of
the date set forth above.

 

	TENANT:	 	LANDLORD:
	 	 	 
	CRYSTAL BIOSCIENCE, INC., 

a California corporation	 	EMERY STATION OFFICE II, LLC,

a California limited liability company
	 	 	 	 
	By:	/s/ Matthew W. Foehr	 	By:	Emery Station Associates II, LLC, 

its Managing Member
	Name:	Matthew W. Foehr	 	 	 
	Its: 	President/COO	 	By:	
    Wareham-NZL, LLC,

    its Managing Member

	 	 	 	 
	By:	/s/ Charles Berkman	 	By:	/s/ Richard K. Robbins
	Name: 	Charles Berkman	 	 	Richard K. Robbins
	Its: 	SVP, General Counsel & Secretary	 	 	Its Manager

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