Document:

EX-10.11

 Exhibit 10.11 

SUBLEASE AGREEMENT 
 THIS
SUBLEASE AGREEMENT (“Sublease”) is entered into as of the 7th day of July, 2015 by and between CARDCONNECT, LLC, a Delaware limited liability company (“CardConnect”), formerly known as FINANCIAL TRANSACTION
SERVICES, LLC, having an address of 1000 Continental Drive, 3rd Floor, King of Prussia, PA 19406, as sublandlord, and NABRIVA THERAPEUTICS US, INC., a Delaware corporation, having an address of
1000 Continental Drive, Suite 450, King of Prussia, PA 19406 (“Subtenant” or “Sublessee”). 
 RECITALS 

WHEREAS, EOS at 1000 Continental, LLC, a Delaware limited liability company (“Prime Landlord”), and CardConnect (as
successor-in-interest to Financial Transaction Services, LLC by virtue of the Delaware as-filed certificate of name change dated January 14, 2015, and filed on January 26, 2015 with the State of Delaware, Secretary of State, Division of
Corporations) are parties to that certain Office Space Lease, dated April 6, 2012 (“Original Lease”), in which CardConnect leased certain space in the Prime Landlord’s building located at 1000 Continental Drive, King of
Prussia (“Building”), as subsequently amended by First Amendment to Office Space Lease, dated June 12, 2012, as further amended by Second Amendment to Office Space Lease, dated May 1, 2013, as further amended by Third
Amendment to Office Space Lease, dated June 17, 2013, and as further amended by Fourth Amendment to Office Space Lease, dated October 11, 2013 (the Original Lease, as amended by the First, Second, Third, and Fourth Amendments to Office
Space Lease as aforesaid, are hereinafter collectively referred to as the “Prime Lease”). 
 WHEREAS, a true and correct
copy of the Prime Lease, redacted only to remove reference to the precise Fixed Rent payable thereunder and certain other economic terms, is attached hereto as Exhibit A and made a part hereof and; 

WHEREAS, pursuant to the Prime Lease, CardConnect leases, among other premises within the Building, approximately 15,044 rentable square feet
located on the sixth (6th) floor of the Building and known as Suite 600 (“Subleased Premises”); and 

WHEREAS, CardConnect desires to sublease to Subtenant and Subtenant desires to sublease from CardConnect, the Subleased Premises, together
with the right to use all of CardConnect’s existing furniture and equipment located in the Subleased Premises (the “Office F&E”), and Subtenant desires to sublease the Subleased Premises and to use the Office F&E, all
in accordance with the terms and conditions hereinafter set forth. 
 NOW THEREFORE, in consideration of the foregoing recitals, and for
good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties hereto, intending to be legally bound, agree as follows: 

1. Recitals; Defined Terms. The foregoing recitals are incorporated herein by reference. Each capitalized term used as a defined term in this Sublease
but not otherwise defined in this Sublease shall have the same meaning ascribed to such term in the Prime Lease. 
 2. Sublease; Office F&E.
CardConnect hereby subleases to Subtenant and Subtenant hereby subleases from CardConnect, the Subleased Premises in accordance with the terms and conditions herein set forth. Subtenant shall also have access to all Common Areas (as defined in the
Prime Lease) made available to CardConnect by Prime Landlord for use in common under the Prime Lease, which shall include but not be limited to any parking areas, sidewalks, public hallways, bathrooms, lobby areas, elevators, stairs and other areas
used in common by CardConnect and other tenants in the Building. Subtenant shall also have the non-exclusive right, at no additional cost, to utilize up to 3.35 unreserved parking spaces within the parking areas at the Property for each 1,000
rentable square feet within the Subleased Premises. In addition, Subtenant has the right to use CardConnect’s Office F&E located at the Subleased Premises on an as-is basis, an inventory of which is attached hereto as Exhibit B and
made a part hereof. Should Subtenant complete the Term of this Sublease through December 15, 2023, without having exercised its option to terminate pursuant to Section 3(a) below and without any default having occurred, then upon the
expiration of this Sublease, the Office F&E shall become the sole and exclusive property of Subtenant and, upon Subtenant’s request, CardConnect shall provide Subtenant with an executed Bill of Sale for such Office F&E. Subtenant is
taking the Subleased Premises in its “As-Is, Where-Is” condition. The Subleased Premises shall be delivered to Subtenant in 

 
broom clean condition and vacant, except for the Office F&E. Subject to obtaining the Prime Landlord’s written consent (which Sublandlord shall make commercially reasonable efforts to
obtain) Subtenant, and subject to complying with the terms and conditions of the Prime Lease, at Subtenant’s sole cost and expense, shall have the right to install the three (3) office partitions in the Subleased Premises as shown on
Exhibit C attached hereto and made a part hereof (collectively, “Subtenant Improvements”). 
 3. Term. The term of this Sublease
shall commence on the earlier of (i) Subtenant’s occupancy of the Subleased Premises for the conduct its business or (ii) fourteen (14) days after CardConnect vacates the Subleased Premises and delivers possession of the
Subleased Premises to Subtenant (the “Sublease Commencement Date”) but in no event later than November 1, 2015, subject to the satisfaction of the conditions prior to such date that CardConnect and Subtenant shall have executed
this Sublease and CardConnect shall have received the written consent of Prime Landlord to this Sublease (“Prime Landlord’s Consent”) and, unless sooner terminated as a result of a default by Subtenant, this Sublease shall
continue until December 15, 2023 (the “Term”), provided, in no event shall the Term extend beyond December 30, 2023, with the parties acknowledging that the expiration date of the Prime Lease is December 31, 2023 with
respect to the Subleased Premises. Subtenant shall have no right to renew this Sublease and CardConnect shall not be obligated to exercise any renewal rights it may now have or hereafter be entitled to under the Prime Lease. In the event that
CardConnect shall, for any reason, fail to deliver possession of the Premises in the condition required by this Sublease on or before November 30, 2015, Subtenant shall have the right to terminate this Sublease upon five (5) days written
notice to CardConnect at any time thereafter until the Sublease Commencement Date occurs, and in the event of such termination, neither party hereto shall have any further rights, liabilities or obligations hereunder except that CardConnect shall
forthwith return to Subtenant any Rent (hereinafter defined) previously paid under this Sublease, including any Security Deposit. 
  

	 	a.	Surrender 

 (i) Upon the expiration or termination of the Term, Subtenant shall quit and
surrender the Subleased Premises broom clean and in the same condition, order and repair as they were in at the Sublease Commencement Date, reasonable wear and tear, damage by casualty or condemnation and repairs that are the obligation of Prime
Landlord and CardConnect excepted. 
 (ii) Without limiting the foregoing, and in addition to the foregoing, if the Prime Landlord requires
any alterations or improvements performed by Subtenant during the Sublease Term other than the Subtenant Improvements (which shall not be required to be removed) to be removed, such requirement to be disclosed no less than thirty (30) days
prior to end of the Sublease Term, then Subtenant shall remove the same, at Subtenant’s sole cost and expense, prior to the expiration or termination of this Sublease. Notwithstanding anything herein to the contrary, Subtenant shall not be
responsible for any removal or restoration of any improvements or changes made by or on behalf of CardConnect prior to the Sublease Commencement Date. 

(iii) Section 28 of the Prime Lease regarding holdover is incorporated by reference herein and made a part hereof and shall apply to this
Sublease such that references to “Landlord” in such Section 28 for purposes of this Sublease shall mean “CardConnect” and references to “Tenant” in such Section 28 for purposes of this Sublease shall mean
“Subtenant.” 
  

	 	b.	Termination Option. 

 (i) So long as no sums due hereunder remain outstanding and provided there
shall not have occurred an Event of Default (as hereinafter defined) which remains uncured under this Sublease, Subtenant shall have the right to terminate this Sublease at the expiration of the forty-eighth (48th) month of the Term upon six
(6) months’ prior written notice to CardConnect (i.e., such written notice must be received by CardConnect at least six months prior to the expiration of the 48th month of the Term), in
which case Subtenant shall owe to CardConnect (in addition to all Rent (as hereinafter defined) through the last day of the term as so earlier ended) an early termination fee of One Hundred and Thirty Thousand and 00/100 Dollars ($130,000.00), which
shall be due and payable at the time of giving of Subtenant’s written notice to terminate. 

  
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 (ii) So long as no sums due hereunder remain outstanding and provided there shall not have
occurred an Event of Default (as hereinafter defined) which remains uncured under this Sublease, Subtenant shall have the right to terminate this Sublease at the expiration of the sixty-sixth (66th) month of the Term upon six
(6) months’ prior written notice to CardConnect (i.e., such written notice must be received by Card Connect at least six months prior to the expiration of the 66th month of the Term), in
which case Subtenant shall owe to CardConnect (in addition to all Rent through the last day of the term as so earlier ended) an early termination fee of Eighty-Eight Thousand and 00/100 Dollars ($88,000.00), which shall be due and payable at the
time of Subtenant’s written notice to terminate. 
 (iii) In the event Subtenant exercises its early termination right set forth in
either Sections 3(a)(i) or 3(a)(ii) above, this Sublease shall terminate on the respective termination date as though such date were the date originally set forth in this Sublease as its expiration date and the Office F&E shall remain the sole
and exclusive property of CardConnect and such Office F&E, in its “As-Is, Where-Is” condition, shall remain at the Subleased Premises after Subtenant vacates same. 

4. Rent. 
 a. Base Rent. Commencing on the
Sublease Commencement Date, Subtenant shall pay to CardConnect as annual rent for use of the Subleased Premises the sum set forth below for the period covered payable in equal monthly installments as set forth below on the 1st day of each month throughout the Term (the “Base Rent”). 
  

																	
	 Sublease Period
	  	Square Footage	 	  	Rent per Square
Foot	 	  	Annual Rent	 	  	Monthly Rent	 
	Sublease Commencement Date to 7/31/16	  	 	15,044	  	  	$	31.50	  	  				  	$	39,490.50	  
	 8/1/16  -  7/31/17
	  	 	15,044	  	  	$	32.00	  	  	$	481,407.96	  	  	$	40,117.33	  
	 8/1/17  -  7/31/18
	  	 	15,044	  	  	$	32.50	  	  	$	488,930.04	  	  	$	40,744.17	  
	 8/1/18  -  7/31/19
	  	 	15,044	  	  	$	33.00	  	  	$	496,452.00	  	  	$	41,371.00	  
	 8/1/19  -  7/31/20
	  	 	15,044	  	  	$	33.50	  	  	$	503,973.96	  	  	$	41,997.83	  
	 8/1/20  -  7/31/21
	  	 	15,044	  	  	$	34.00	  	  	$	511,496.04	  	  	$	42,624.67	  
	 8/1/21  -  7/31/22
	  	 	15,044	  	  	$	34.50	  	  	$	519,018.00	  	  	$	43,251.50	  
	 8/1/22  -  7/31/23
	  	 	15,044	  	  	$	35.00	  	  	$	526,539.96	  	  	$	43,878.33	  
	 8/1/23  -  12/15/23
	  	 	15,044	  	  	$	35.50	  	  				  	$	44,505.17	  

 b. Additional Rent. Throughout the Term, Subtenant shall be responsible for Subtenant’s pro rata
share of the total excess, if any, in Operating Expenses and Real Estate Taxes (as those terms are defined in the Prime Lease) (collectively, “Additional Rent”) over the Operating Expenses and Real Estate Taxes for the base year
(2013), prorated for any partial tax year within the Term. Subtenant’s pro rata share of Operating Expenses and Real Estate Taxes shall be 7.42% which is based upon the fraction, the numerator of which is the number of rentable square feet
contained in the Subleased Premises and the denominator of which is 202,677, being the number of rentable square feet contained in the entire Building. Subtenant will pay Additional Rent in monthly installments on the first day of each month to be
determined by reference to Prime Landlord’s billing of Tenant’s Expense Payment and Monthly Tax Payment Estimate (as defined by the Prime Lease) to CardConnect. Subtenant shall not be liable for any amounts payable to Prime Landlord
arising out of CardConnect’s negligence or breach of the Prime Lease. CardConnect shall provide Subtenant with full and complete copies of Prime Landlord’s Monthly Operating Expense Estimate, annual Operating Expense Statement as well as
any Tax Statements and any other real estate tax related information promptly following CardConnect’s receipt of same from Prime Landlord. Base Rent and Additional Rent are sometimes collectively referred to herein as “Rent”.

 c. Partial Months. Notwithstanding the foregoing, in the event that the Sublease Commencement Date falls on any day other than the
first (1st) day of a calendar month or the Term expires or terminates on a day 

  
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other than the last day of a calendar month, any installment of Base Rent payable pursuant to Section 4(a) above, or amount of Additional Rent due pursuant to Section 4(b) above, shall
be prorated based upon the number of days that Subtenant possesses the Subleased Premises during the applicable calendar month. 
 d.
Payment. Subtenant, without notice (except for Additional Rent), demand, deduction or set-off whatsoever, shall make payments of Rent to CardConnect at such place as CardConnect may direct in writing. Initially, Rent payments shall be sent to
CardConnect at the address set forth above at the beginning of this Sublease. If any installment of Rent is not paid with five (5) days of the date due thereof, CardConnect may charge interest in the same amount, manner and terms as is set
forth in Section 9 of the Prime Lease. 
 e. Security Deposit. Upon the execution and delivery of this Sublease, Subtenant shall
deposit with CardConnect the sum of Seventy-Eight Thousand Nine Hundred Eighty-One and 00/100 Dollars ($78,981.00) equal to two (2) months’ Base Rent (the “Security Deposit”), as security for the full and faithful
performance of every provision of this Sublease to be performed by Subtenant. The Security Deposit shall in no way be construed to represent prepayment of Base Rent for the last month or months of the Term. If Subtenant defaults with respect to any
provision of this Sublease, CardConnect may use, apply or retain all or any part of the Security Deposit for payment of the Base Rent or any other sum in default or for the payment of any other amount which CardConnect may spend or become obligated
to spend by reason of Subtenant’s default. If any portion of the Security Deposit is so used or applied, Subtenant shall, within ten (10) days after notice of the amount thereof given by CardConnect to Subtenant, deposit cash with
CardConnect in an amount sufficient to restore the Security Deposit to its original amount. CardConnect shall not be required to keep the Security Deposit separate from its general funds and Subtenant shall not be entitled to interest on the
Security Deposit. The Security Deposit or any balance thereof shall be returned to Subtenant within thirty (30) days of (i) the expiration of the Term, or (ii) the earlier termination of this Sublease and Subtenant’s vacation of
the Sublet Premises. 
 5. Use of Subleased Premises; Utilities. 

a. Subtenant shall use the Subleased Premises solely for general office use only and subject to all of the provisions set forth in the Prime
Lease. Subtenant shall, at Subtenant’s sole cost and expense, comply with all applicable federal, state and local laws, ordinances or other regulations and shall obtain, and maintain and comply with during the Term all necessary permits or
licenses applicable to Subtenant’s operations at the Subleased Premises. Subtenant shall not use or permit the use of the Subleased Premises for any purpose which would jeopardize or invalidate any insurance on the Subleased Premises or which
would cause a lien to be placed on the Subleased Premises. Subtenant shall maintain the Subleased Premises in a clean and safe manner. 

b. Subtenant shall not pay for utilities consumed at the Subleased Premises except (i) to the extent the same are the obligation of
CardConnect under the Prime Lease in which case Subtenant shall pay the same in the manner provided in the Prime Lease, and (ii) Subtenant shall be responsible for all electricity costs of the Subleased Premises. If separately metered or
sub-metered, Subtenant shall contract directly with the electricity service provider and pay all bills related thereto when due. If electricity is not so metered or sub-metered, then CardConnect shall reasonably and equitably determine the portion
of Subtenant’s electricity bill each month and Subtenant shall pay such amount as Additional Rent within the ten (10) days after CardConnect renders a bill therefor and such bill shall include the calculation used to determine the amount
due by Subtenant. Subtenant shall not be responsible for any fees or penalties resulting from CardConnect’s late payment. 
 6. Insurance. At
Subtenant’s expense, Subtenant shall provide and keep in force during the Term the same insurance required to be kept by CardConnect under Section 10 of the Prime Lease except that each of CardConnect and Prime Landlord shall be named as
an additional insured on such policies. Without limiting the foregoing, Section 10(a) of the Prime Lease is incorporated by reference herein and made a part hereof and shall apply to this Sublease such that references to “Landlord” in
such Section 10(a) for purposes of this Sublease shall mean “CardConnect” and “Prime Landlord” and references to “Tenant” in such Section 10(a) for purposes of this Sublease shall mean “Subtenant. 

7. Default. The provisions on Section 29 of the Prime Lease are incorporated by reference herein and made a part hereof such that references to
“Tenant” in such Section 29 for purposes of this Sublease shall mean “Subtenant” and references to “Landlord” therein shall mean “CardConnect.” In furtherance of the foregoing, Subtenant shall have

  
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the same cure periods as are provided to the “Tenant” in the event of a default as are set forth in Section 29 of the Prime Lease and CardConnect shall have the same rights and
remedies as are provided to the “Landlord” as are set forth in Section 29 of the Prime Lease. WITHOUT LIMITING THE FOREGOING, SUBTENANT KNOWINGLY, VOLUNTARILY AND INTELLIGENTLY AGREES THAT CARDCONNECT SHALL, IN ADDITION TO ALL
REMEDIES AT LAW, EQUITY AND PER THIS SECTION 7, SHALL HAVE THE REMEDY OF CONFESSION OF JUDGMENT FOR POSSESSION AS SET FORTH IN SECTION 29(b)(v) OF THE PRIME LEASE WHICH IS INCORPORATED BY REFERENCE HEREIN AND MADE A PART OF THIS SUBLEASE.
Notwithstanding the foregoing, neither Subtenant nor CardConnect shall be entitled to consequential, punitive or special damages from the other party for any reason under this Sublease. 

8. Indemnification. Subtenant shall indemnify, hold harmless and defend, at Subtenant’s expense, Prime Landlord and CardConnect, and each of such
parties’ members, managers, officers, employees, agents, contractors and guests from and against any and all actions, claims, demands and expenses (including without limitation reasonable attorneys’ fees and costs) relating, directly or
indirectly, to the use or occupancy of the Subleased Premises, the Building, or the Property by Subtenant or Subtenant’s employees, agents or invitees. CardConnect shall indemnify, hold harmless and defend, at CardConnect’s expense,
Subtenant, its members, managers, officers, employees, agents, contractors and guests from and against any and all actions, claims, demands and expenses (including without limitation reasonable attorneys’ fees and costs) relating, directly or
indirectly, the acts of omissions, at the Subleased Premises, the Building, or the Property of CardConnect or CardConnect’s employees, agents or invitees. This Section 8 shall survive the expiration or termination of this Sublease. 

9. Recourse. Subtenant’s recovery of any judgment against CardConnect shall not exceed three (3) month’s rent. 

10. Compliance with Prime Lease. 
 a. This
Sublease (including the length of the term hereof) is subject and subordinate to all terms, covenants and conditions of the Prime Lease, except to the extent they are inapplicable or modified by the provisions of this Sublease. Except to the extent
inapplicable or modified, each and every term, covenant and condition of the Prime Lease which is binding or inuring to the benefit of the landlord thereunder shall, in respect of this Sublease, bind or inure to the benefit of CardConnect, and each
and every term, covenant and condition of the Prime Lease binding or inuring to the benefit of the tenant thereunder shall, in respect of this Sublease, bind or inure to the benefit of Subtenant, with the same force and effect as if such terms,
covenants and conditions were completely set forth in this Sublease, and as if the words “Landlord” and “Tenant”, or words of similar import, wherever the same appear in the Prime Lease, were construed to mean, respectively,
“CardConnect” and “Subtenant” as such terms are used in this Sublease, and as if the words “demised premises” or “Demised Premises” or “Premises” or words of similar import, wherever the same appear
in the Prime Lease, were construed to mean “Subleased Premises” as defined in this Sublease, and as if the word “Lease”, or words of similar import, wherever the same appear in the Prime Lease were construed to mean this
Sublease. Subtenant shall perform and observe and be bound by all of the terms, covenants and conditions of the Prime Lease with respect to the Subleased Premises; provided, however, that Subtenant shall have no obligation to make any
payments directly to the Prime Landlord of rent, taxes, operating expenses or other amounts due by CardConnect under the Prime Lease except for utilities to the extent the same are payable by Subtenant as set forth above in Section 5. Without
limiting the foregoing, the following provisions of the Prime Lease are expressly excluded from and are not incorporated into this Sublease: Basic Lease Provisions and Definition sections (H) and (J); Section 8(d), Section 12(g);
Section 36; Section 42; Section 43; Section 45 and Section 46. 
 b. CardConnect shall not terminate the Prime
Lease during the Term except in the exercise of a contractual right of termination in the instance of damage by fire or other casualty or partial or total taking, unless arrangements are made for Subtenant to occupy the Subleased Premises on
economic terms comparable to those provided in this Sublease. CardConnect shall comply with all of the terms and provisions of the Prime Lease as are in full force and effect during the Term. 

c. CardConnect shall not modify, amend or alter in any way any provision of the Prime Lease without the prior written consent of Subtenant,
which consent shall not be unreasonably withheld, conditioned or delayed unless the modification, amendment or alteration will increase Subtenant’s obligations under this Sublease 

  
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or decrease Subtenant’s rights under this Sublease, in which case such consent shall be given or withheld in Subtenant’s sole discretion. Notwithstanding the foregoing, CardConnect may
modify, amend or alter any provision of the Prime Lease that relates to a leased premises other than the Subleased Premises, or which relates to the Subleased Premises provided it does not reduce Subtenant’s rights or increase its obligations
under the Sublease, without the prior written consent of Subtenant. 
 d. CardConnect and Subtenant hereby acknowledge and agree that
Subtenant’s rights in and to the Subleased Premises shall be no greater than those of Tenant under the Prime Lease. 
 11. No Representation;
Repairs. CardConnect has made no representation, either express or implied with respect to the condition of the Subleased Premises or any of the Office F&E. Notwithstanding anything to the contrary in Section 14 of the Prime Lease, it
is understood and agreed that CardConnect is not under any duty to make repairs or alterations to the Subleased Premises during the Term of this Sublease and that Subtenant is taking possession of the Subleased Premises and all of the Office F&E
in its “AS IS” “WITH ALL FAULTS” condition. With respect to services and repairs or the performance of other similar obligations required under the Prime Lease, CardConnect shall have no obligation with respect to the same.
Subtenant shall have the right to request the same directly from Prime Landlord, and, at its sole cost and expense, to conduct such proceedings (in court or elsewhere), as may be required, to obtain from Prime Landlord any such work, services,
repairs, repainting and restoration or the performance of such obligations; such proceedings may be, at Subtenant’s option, in its own name or in CardConnect name, and CardConnect agrees to cooperate and assist Subtenant in connection
therewith, including if necessary requesting any consents required from Prime Landlord on Subtenant’s behalf and to execute such documents as may be reasonably required in connection therewith. CardConnect shall have no liability to Subtenant
whatsoever for a failure of services, including, without limitation, any default by Prime Landlord. 
 12. Signage. Subtenant shall have the right to
be listed in the directory for the Building and to have a sign indicating Subtenant’s name placed on the door to the Subleased Premises, subject to the terms of Section 16(d) of the Prime Lease and the review and approval of the Prime
Landlord. 
 13. General. 
 a.
Assignment. This Sublease shall bind and inure to the benefit of the parties hereto and to their respective heirs, personal representatives, successors and permitted assigns; provided, however, Subtenant shall not, by operation
of law or otherwise, assign this Sublease or sublet all or any part of the Subleased Premises without the prior written consent of Prime Landlord in accordance with the Prime Lease, and as to CardConnect, without CardConnect’s prior written
consent (not be unreasonably withheld, conditioned or delayed). 
 b. Severability. The invalidity of any portion hereof shall not
affect the force and effect of the remaining valid provisions of this Sublease. 
 c. Governing Law. This Sublease shall be construed
and the legal relations hereunder of the parties bound hereby will be determined, according to the internal laws of the Commonwealth of Pennsylvania. 

d. Counterparts. This Sublease may be executed in several counterparts, each of which will be deemed to be an original. For purposes of
the foregoing, facsimile signatures or signatures transmitted by e-mail or PDF shall have the same force and effect as original signatures. 

e. Contingency. This Sublease is contingent upon CardConnect obtaining the Prime Landlord’s Consent. If CardConnect is unable to
obtain the Prime Landlord’s Consent by September 30, 2015, then at any time thereafter for so long as Prime Landlord’s Consent is not obtained, either party may terminate this Sublease in which event neither party shall have any
further rights or obligations one to the other neither party hereto shall have any further rights, liabilities or obligations and CardConnect shall forthwith return to Subtenant any Rent previously paid under this Sublease, including any Security
Deposit. 
 f. Brokers. CardConnect represents to Subtenant that it has not entered into any agreement with any broker with respect
to the making of this Sublease, other than its broker, Scott Miller of CBRE, Inc., which shall be 

  
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paid a commission pursuant to a separate commission agreement between CardConnect and such broker. Subtenant represents to CardConnect that it has not entered into any agreement with any broker
relative to the making of this Sublease. Each party agrees that should any claim be made against another party for any broker’s commission by reason of the acts of such party, the party upon whose acts such claim is predicated shall indemnify
and hold the other party free and harmless from and against any and all liability and expenses in connection therewith. 
 g.
Consent. Prime Landlord’s consent hereto shall not be deemed a consent to any future subletting or assignment of the Subleased Premises. 

  
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 IN WITNESS WHEREOF, the parties hereto have set their hands as of the day and year first above
written. 
  

			
	CARDCONNECT, LLC
		
	By:	 	 /s/ Jeff Shanahan

	Name:	 	Jeff Shanahan
	Title:	 	CEO
	
	NABRIVA THERAPEUTICS US, INC.
		
	By:	 	 /s/ Colin Broom

	Name:	 	Colin Broom
	Title:	 	CEO

  
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 EXHIBIT A 

OFFICE SPACE LEASE 
 1000
CONTINENTAL DRIVE 
 OFFICE SPACE LEASE 

for 
 Suite 600 at 1000
CONTINENTAL DRIVE 
 by and between 

CONTINENTAL SQUARE ASSOCIATES, L.P. 

(as Landlord) 
 And

 FINANCIAL TRANSACTION SERVICES, LLC 

(as Tenant) 
 Date:
April    , 2012 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1.
	 	 Definitions
	  	 	1	  
			
	 2.
	 	 Premises
	  	 	1	  
			
	 3.
	 	 Completion of Premises
	  	 	1	  
			
	 4.
	 	 Commencement Date
	  	 	1	  
			
	 5.
	 	 Use of Premises
	  	 	1	  
			
	 6.
	 	 Fixed Basic Rent
	  	 	2	  
			
	 7.
	 	 Real Estate Taxes
	  	 	2	  
			
	 8.
	 	 Operating Expenses
	  	 	5	  
			
	 9.
	 	 Late Charge
	  	 	11	  
			
	 10.
	 	 Insurance
	  	 	12	  
			
	 11.
	 	 Repairs and Maintenance
	  	 	15	  
			
	 12.
	 	 Utilities and Services
	  	 	15	  
			
	 13.
	 	 Governmental Regulations
	  	 	18	  
			
	 14.
	 	 Alterations, Additions and Fixtures
	  	 	18	  
			
	 15.
	 	 Mechanic’s Liens
	  	 	19	  
			
	 16.
	 	 Negative Covenants of Tenant
	  	 	20	  
			
	 17.
	 	 Landlord’s Right of Entry
	  	 	24	  
			
	 18.
	 	 Damage by Fire or Other Casualty
	  	 	24	  
			
	 19.
	 	 Non-Abatement of Rent
	  	 	25	  
			
	 20.
	 	 Indemnification
	  	 	26	  
			
	 21.
	 	 Eminent Domain
	  	 	26	  
			
	 22.
	 	 Quiet Enjoyment; Landlord Default
	  	 	27	  
			
	 23.
	 	 Rules and Regulations
	  	 	27	  

							
			
	 24.
	 	 Assignment and Sublease
	  	 	27	  
			
	 25.
	 	 Intentionally Omitted
	  	 	30	  
			
	 26.
	 	 Subordination
	  	 	30	  
			
	 27.
	 	 Curing Tenant’s Defaults
	  	 	31	  
			
	 28.
	 	 Surrender
	  	 	31	  
			
	 29.
	 	 Defaults-Remedies
	  	 	32	  
			
	 30.
	 	 Brokers’ Commission
	  	 	35	  
			
	 31.
	 	 Notices
	  	 	35	  
			
	 32.
	 	 Inability to Perform
	  	 	36	  
			
	 33.
	 	 Survival
	  	 	36	  
			
	 34.
	 	 Corporate Tenants
	  	 	37	  
			
	 35.
	 	 Waiver of Invalidity of Lease
	  	 	37	  
			
	 36.
	 	 Letter of Credit
	  	 	37	  
			
	 37.
	 	 Estoppel Certificate
	  	 	38	  
			
	 38.
	 	 Rights Reserved by Landlord
	  	 	38	  
			
	 39.
	 	 Miscellaneous
	  	 	39	  
			
	 40.
	 	 OFAC
	  	 	41	  
			
	 41.
	 	 Additional Definitions
	  	 	42	  
			
	 42.
	 	 Right of First Offer
	  	 	42	  
			
	 43.
	 	 Renewal Option
	  	 	43	  
			
	 44.
	 	 TENANT WAIVER
	  	 	44	  

 THIS LEASE is made as of the      day of April, 2012 between CONTINENTAL
SQUARE ASSOCIATES, L.P. (herein referred to as “Landlord”), a Pennsylvania limited partnership, and FINANCIAL TRANSACTION SERVICES, LLC (herein referred to as “Tenant”), a Delaware limited liability company. 

PREAMBLE 
 BASIC LEASE
PROVISIONS AND DEFINITIONS 
 In addition to other terms elsewhere defined in this Lease, the following terms whenever used in this
Lease shall have only the meanings set forth in this Section, unless such meanings are expressly modified, limited or expanded elsewhere in this Lease. 
  

	A.	ADDITIONAL RENT shall mean all sums in addition to Fixed Basic Rent payable by Tenant to Landlord or to third parties pursuant to the provisions of the Lease. 

 

	B.	BASE YEAR shall mean calendar year 2012. 

  

	C.	BROKER(S) shall mean McKelvy Partners, LLC and Newmark Knight Frank Smith Mack. 

  

	D.	BUILDING shall mean the building known as 1000 Continental Drive located on the Property. 

  

	E.	BUILDING HOLIDAYS shall be those holidays listed on Exhibit D. 

  

	F.	EXHIBITS shall be the following, attached to this Lease and incorporated in this Lease and made a part of this Lease: 

 

			
	 Exhibit A
	  	Premises
		
	 Exhibit B
	  	Legal Description of Property
		
	 Exhibit C
	  	Work Letter
		
	 Exhibit D
	  	Building Holidays
		
	 Exhibit E
	  	Janitorial Specifications
		
	 Exhibit F
	  	Rules and Regulations
		
	 Exhibit G
	  	Tenant Estoppel Certificate
		
	 Exhibit H
	  	Confirmation of Lease Term
		
	 Exhibit I
	  	Subordination, Non-Disturbance and Attornment Agreement
		
	 Exhibit J
	  	Sustainability Rules and Regulations
		
	 Exhibit K
	  	Letter of Credit

	G.	FIXED BASIC RENT shall be calculated and payable as follows, subject to Landlord’s determination of the number of rentable square feet contained within the Premises (as provided below):

  

																	
	Months	  	Rentable Sq. Ft.	 	  	 Rate Per

Rentable Sq.
 Foot
	 	  	 Yearly

Rate
	 	  	 Monthly

Installment
	 
	 1-12*
	  	 	15,044	  	  	$	30.00	  	  	$	451,320.00	  	  	$	37,610.00	  
	 13-24
	  	 	15,044	  	  	$	30.50	  	  	$	458,842.00	  	  	$	38,236.83	  
	 25-36
	  	 	15,044	  	  	$	31.00	  	  	$	466,364.00	  	  	$	38,863.67	  
	 37-48
	  	 	15,044	  	  	$	31.50	  	  	$	473,886.00	  	  	$	39,490.50	  
	 49-60
	  	 	15,044	  	  	$	32.00	  	  	$	481,408.00	  	  	$	40,117.33	  
	 61-72
	  	 	15,044	  	  	$	32.50	  	  	$	488,930.00	  	  	$	40,744.17	  
	 73-84
	  	 	15,044	  	  	$	33.00	  	  	$	496,452.00	  	  	$	41,371.00	  
	 85-96
	  	 	15,044	  	  	$	33.50	  	  	$	503,974.00	  	  	$	41,997.83	  
	 97-108
	  	 	15,044	  	  	$	34.00	  	  	$	511,496.00	  	  	$	42,624.67	  
	 109-120
	  	 	15,044	  	  	$	34.50	  	  	$	519,018.00	  	  	$	43,251.50	  

  

	 	*	So long as Tenant is not in default hereunder, Fixed Basic Rent and Operating Expenses shall abate for the first two (2) months of the Term, provided, that during such period Tenant shall be liable for the cost of
utilities as provided in Section 12 of this Lease as well as the cost of janitorial services as provided in Section 8(a)(iii)(q) of this Lease incurred by Landlord with respect to the Premises, which, in the case of the janitorial costs,
shall be calculated as if the costs for same for the Base Year were Zero Dollars ($0.00). 

  

	H.	IMPROVEMENT ALLOWANCE shall mean the sum of Forty Seven and 50/100 Dollars ($47.50) per rentable square foot of the Premises. 

 

	I.	LEASE YEAR shall mean, with respect to the first Lease Year, the period commencing on the Commencement Date and ending on the last day of the month which is twelve (12) consecutive full calendar
months following the Commencement Date and, with respect to each Lease Year thereafter, each consecutive twelve (12) calendar month period thereafter. 

  

	J.	LETTER OF CREDIT shall be in the amount of Three Hundred Thousand Dollars ($300,000.00) in the form required by the Lease. The Letter of Credit shall be issued by a United States banking institution with
retail banking offices in Philadelphia or Montgomery County in the form of Exhibit K and shall be held in accordance with Section 36 of the Lease. 

  

	K.	PERMITTED USE shall be general office use and for no other purpose. 

  

	L.	 PREMISES shall be approximately 15,044 rentable square feet on the sixth floor of the Building as set forth on Exhibit A, such
measurement to be subject to final determination by Landlord’s architect, using a floor factor of 18.8%, within thirty (30) days after receipt 

	 	
and approval of final plans for the Premises; provided, that in any event, the Premises shall include such amount of space such that the Premises shall include the first patio via the space
located on the eastern side of the Building that wraps around to the western side of the Building. In the event that the final plans for the Premises indicate that the square footage measurement previously used by Landlord and Tenant for such space
(15,044 rentable square feet for the Premises) is in excess of or lower than the actual rentable square footage number, any payments due to Landlord from Tenant based upon the amount of rentable square feet contained in the Premises (including,
without limitation, Tenant’s Proportionate Share) shall be proportionally, retroactively and prospectively reduced or increased, as appropriate, to reflect the actual number of rentable square feet. The Premises will be measured in accordance
with the Standard Method for Measuring Floor Area in Office Buildings (ANSI/BOMA Z65.1-1996). 

  

	M.	PROPERTY shall mean the Building and the lot, tract or parcel of land on which the Building is situated and all improvements thereto as more particularly described on Exhibit B attached hereto.

  

	N.	SECURITY DEPOSIT shall be the sum of $300,000 in the form of a letter of credit as same may be reduced as set forth in Section 36 of this Lease. 

 

	O.	TENANT’S PROPORTIONATE SHARE shall mean 7.42 percent based upon the fraction, the numerator of which is the number of rentable square feet contained within the Premises (as same may be adjusted as set
forth in Paragraph K above) and the denominator of which is 202,677, being the number of rentable square feet contained in the Building. 

  

	P.	TERM shall mean the period of time commencing on the Commencement Date (as defined in Section 4 of the Lease) and ending on the last day of the month which is ten (10) years following the
Commencement Date, unless otherwise terminated or extended pursuant to the terms of this Lease. 

 For and in consideration of the covenants contained in this Lease, and upon the terms and
conditions set forth in this Lease, Landlord and Tenant, intending to be legally bound, agree as follows: 

1.        Definitions.  The definitions set forth in the preceding Preamble shall
apply to the same capitalized terms appearing in this Lease. Additional definitions are contained in Section 41 and throughout this Lease. 

2.        Premises.  Landlord hereby demises and leases the Premises to Tenant and
Tenant hereby leases and takes the Premises from Landlord for the Term and upon the terms, covenants, conditions, and provisions set forth in this Lease, including the Preamble (this “Lease”). Tenant’s interest in the Premises as
tenant shall include the right, in common with Landlord and other occupants of the Building, to use driveways, sidewalks, loading and parking areas, lobbies, hallways and other facilities which are located within the Property and which are
designated by Landlord from time to time for the use of all of the tenants of the Building (the “Common Facilities”). Tenant, at no additional cost, shall have the non-exclusive right to utilize up to 3.35 unreserved parking spaces within
the parking areas at the Property for each 1,000 rentable square feet within the Premises. 

3.        Completion of Premises.  The Premises Work to be done to the Premises shall
be completed in accordance with the Work Letter attached hereto as Exhibit C (“Premises Work” being defined in such Work Letter). Landlord shall use its commercially reasonable efforts to Substantially Complete (as defined in the Work
Letter) the Premises Work on or before August 1, 2012 provided this Lease is fully executed by the parties and the Premises Plans (as defined in the Work Letter) are final on or before the dates set forth in the Work Letter (the “Target
Commencement Date”). The Target Commencement Date shall be delayed for Tenant Delays (as that term is defined in the Work Letter), If the Premises Work is not Substantially Complete on or before the Target Commencement Date (as such date may be
delayed as provided in the Work Letter) whether or not within Landlord’s control, Landlord shall not be subject to any liability to Tenant and no such failure to deliver the Premises by such date shall in any respect affect the validity or
continuance of this Lease or any obligation of Tenant hereunder; provided, however, following the Commencement Date Tenant shall be entitled to one (1) day of abated Fixed Basic Rent for each one (1) day of delay in achieving Substantial
Completion following the Target Commencement Date (as same may be delayed as provided in the Work Letter). 

4.        Commencement Date.  The Term shall commence on the date (the
“Commencement Date”) which is the first to occur of (a) the date the Premises are Substantially Completed or would have been Substantially Completed but for Tenant Delay or (b) the date on which the Premises are actually occupied
by Tenant for the normal conduct of Tenant’s business with Landlord’s permission. Upon Landlord’s request, Tenant shall execute the Confirmation of Lease Term attached hereto as Exhibit H. 

5.        Use of Premises.  Tenant shall occupy the Premises throughout the Term and
shall use the same for, and only for, the Permitted Use. Tenant acknowledges that Landlord intends to operate the Building under certain LEEDTM for Existing Buildings standards and may pursue LEEDTM for Existing Buildings certification for
the Building (“Building Certification”). Any material cost to modify or otherwise improve alter the Building’s structure or systems in order to achieve 

 
Building Certification will be borne solely by Landlord and shall not be charged back to Tenant in any way as a Lease expense. Tenant shall comply at all times with the Sustainability Rules and
Regulations established by Landlord attached hereto as Exhibit J, as same may be modified or additional sustainability rules and regulations implemented to obtain or maintain Building Certification or to reduce energy consumption or protect the
environment (the “Sustainability Standards”) and shall take commercially reasonable efforts to cause its invitees, visitors, and guests to do so. 

6.        Fixed Basic Rent.  Commencing on the Commencement Date, Tenant shall pay,
throughout the Term, the annual Fixed Basic Rent in the amount specified in the Preamble, without notice or demand and without setoff or deduction (except as otherwise set forth herein), in monthly installments equal to one-twelfth of the annual
Fixed Basic Rent (specified as Monthly Installments in the Preamble), in advance, on the first day of each calendar month during the Term. If the Commencement Date falls on a day other than the first day of a calendar month, the Fixed Basic Rent
shall be due and payable for such month, apportioned on a per diem basis for the period between the Commencement Date and the first day of the next first full calendar month in the Term and such apportioned sum shall be paid on or before the
Commencement Date. 
 7.        Real Estate Taxes. 

a.        Definitions. The following terms shall be defined as hereinafter provided:

 i.        “Real Estate Taxes” shall mean all taxes, liens, charges, imposts and
assessments of every kind and nature, ordinary or extraordinary, foreseen or unforeseen, general or special, levied, assessed or imposed by any governmental authority with respect to the Property, as well as all fees or assessments payable on
account of the Property being located in any special services district. Notwithstanding the foregoing: 
 (1) if at any
time during the Term the present system of ad valorem taxation of real property shall be changed or supplemented so that in lieu of or in addition to the ad valorem tax on real property there shall be assessed on Landlord or the Property any tax of
any nature which is imposed in whole or in part, in substitution for, addition to, or in lieu of any tax which would otherwise constitute a Real Estate Tax, such tax shall be included within the term “Real Estate Taxes,” but only to the
extent that the same would be payable if the Property were the only property of Landlord. Such tax may include, but shall not be limited to, a capital levy or other tax on the gross rents or gross receipts with respect to the Property, or a federal,
state, county, municipal or other local income, franchise, profit, excise or similar tax, assessment, levy or charge measured by or based, in whole or in part, upon any such gross rents or gross receipts; 

(2) Real Estate Taxes shall also encompass all of Landlord’s reasonable expenses, including but not limited to
attorney’s fees and expenses, incurred by Landlord in any effort to minimize Real Estate Taxes whether by contesting proposed increases in assessments, applying for the benefit of any tax abatement program available for the Property, appealing
the denial of any such tax abatement, or contesting any challenge to the validity of any tax abatement program or its applicability to the Property or by any other means or procedures appropriate in the circumstances; provided, however, that under
no circumstances shall Landlord have any obligation to undertake any contest, appeal or other procedure to minimize Real Estate Taxes or to obtain or maintain the benefits of any tax abatement program for the Property; 

 (3) except as otherwise provided in Section 7(a)(i)(1) above, there shall
be excluded from Real Estate Taxes (i) all of Landlord’s federal or state income, excess profit, excise, business privilege, payroll, franchise, estate, succession and inheritance taxes or capital stock tax (ii) penalties due to
Landlord’s lateness or failure to pay taxes when due and (iii) transfer taxes imposed on Landlord in connection with Landlord’s sale, assignment or other transfer of ownership in the Property, including, without limitation, any realty
transfer tax due in connection with any such assignment or transfer; 
 (4) following the Commencement Date, Real Estate
Taxes should not be reduced by any rebates, credits or reductions obtained by or granted to Landlord on account of Landlord’s installation of capital improvements or processes implemented in connection with the Sustainability Standards or
Building Certification unless and until Landlord has recovered all of the costs and expenses pursuant to Section 8(a)(iii)(1)(o) incurred by it in order to make such improvement or to undertake such process. 

ii.        “Tax Year” shall mean each calendar year, or such other period of twelve
(12) months as now or hereafter may be duly adopted as the fiscal year for real estate tax purposes of the governmental unit in which the Property is located, occurring during the Term. 

iii.         “Tax Statement” shall mean a statement provided by Landlord, setting forth in
reasonable detail: (a) the Real Estate Taxes for the Tax Year(s) (or portion thereof if less than full Tax Year(s) immediately preceding the Tax Year in which such statement is issued, (b) Tenant’s Tax Payment (defined in
Section 7(b)) for such preceding Tax Year(s), prorated if only a part of a Tax Year falls within the Term; (c) the amount of payments made by Tenant on account of Tenant’s Tax Payment during such preceding Tax Year(s); (d) the
amount of payments of the Monthly Tax Payment Estimate (defined in Section 7(b)(i)(1)) made to date by Tenant in the Tax Year in which the Tax Statement is issued; and (e) the Monthly Tax Payment Estimate for the Tax Year in which the Tax
Statement is issued. 
 b.        Payment of Tenant’s Tax Payment. Commencing on
January 1, 2013, Tenant shall pay to Landlord, as Additional Rent hereunder, an amount equal to Tenant’s Proportionate Share of the total excess, if any, in Real Estate Taxes for such Tax Year over the Real Estate Taxes for the Base Year,
prorated for any partial Tax Year within the Term (“Tenant’s Tax Payment”). Tenant shall only be responsible for Real Estate Taxes imposed for Tax Years during the Term of this Lease and any extensions, renewals, and hold-over periods
hereof. For any portion of a Tax Year during the Term, Tenant’s Tax Payment shall be prorated on a per diem basis. 

i.         Such Tenant’s Tax Payment shall be paid in the following manner: 

(1) Beginning on January 1, 2013, and continuing thereafter during each Tax Year during the Term on the first day of
each month until receipt of the next Tax Statement, Tenant will pay Landlord an amount set by Landlord sufficient to pay Landlord’s estimate (reasonably based on the actual Real Estate Taxes for the preceding Tax Years (but subject to the
provision of Section 7(b)(ii) below) and Landlord’s projections of any anticipated increases or decreases thereof) of 

 
Tenant’s Tax Payment for the current Tax Year (or remaining portion thereof) (the “Monthly Tax Payment Estimate”). The Monthly Tax Payment Estimate for a period less than a full
calendar month shall be duly prorated. 
 (2) Following the end of each Tax Year, Landlord shall furnish Tenant a Tax
Statement setting forth the information described in Section 7(a)(iii) above. Within thirty (30) days following the receipt of such Tax Statement (the “Tax Expense Share Date”) Tenant shall pay to Landlord: (i) the amount by
which the Tenant’s Tax Payment for the Tax Year (or portion thereof) covered by the Tax Statement exceeds the aggregate of Monthly Tax Payment Estimates paid by Tenant with respect to such Tax Year (or portion thereof); and (ii) the amount
by which the Monthly Tax Payment Estimate for the current Tax Year as shown on the Tax Statement multiplied by the number of months elapsed to date in the current Tax Year (including the month in which payment is made) exceeds the aggregate amount
of payments of the Monthly Tax Payment Estimate theretofore made in the Tax Year in which the Tax Statement is issued. Landlord shall diligently endeavor to furnish Tenant a Tax Statement not later than one hundred and twenty (120) days
following the end of each Tax Year. 
 (3) On the first day of the first month following receipt by Tenant of any annual
Tax Statement and continuing thereafter on the first day of each succeeding month until the issuance of the next ensuing Tax Statement, Tenant shall pay Landlord the amount of the Monthly Tax Payment Estimate shown on the Tax Statement. 

(4) If on any Tax Expense Share Date Tenant’s payments of the installments of the Monthly Tax Payment Estimate for the
preceding year’s Real Estate Taxes are greater than Tenant’s Tax Payment for such preceding Tax Year, Landlord shall credit Tenant with any excess, which credit may be offset by Tenant against next due installments of Rent. If the Term
expires prior to the Tax Expense Share Date for the applicable Tax Year and if Tenant’s payments of Monthly Tax Payment Estimate either exceed or are less than Tenant’s Tax Payment, Landlord shall send the Tax Statement to Tenant, and an
appropriate payment from Tenant to Landlord or refund from Landlord to Tenant shall be made on the Tax Expense Share Date. The provisions of this Section 7(b)(i)(4) shall remain in effect notwithstanding any termination of this Lease; provided
however, that if upon termination of this Lease Tenant owes Landlord any sums under this Lease (for Rent or otherwise), Landlord shall have the right to reduce the amount of any refund due Tenant under this Section 7(b)(i)(4) against such sums
owed by Tenant to Landlord. 
 ii.        Real Estate Taxes with respect to a Tax Year which is the
subject of an appeal filed by or on behalf of Landlord shall be paid on the basis of the amount reflected in the tax bill and shall not be adjusted until the final determination of the appeal. Upon such determination of any appeal, Landlord will
notify Tenant in writing of the actual amount of Tenant’s Tax Share of the Real Estate Taxes for the year or years which were the subject of the appeal and the amount, if any, remaining due by Tenant in excess of Tenant’s estimated
payments. Tenant shall pay such entire amount so due within thirty (30) days after receipt of Landlord’s notice. If the final determination of the appeal results in a reduction of the Real Estate Taxes at issue and Landlord receives a cash
refund from the taxing authority on account of overpayment of Real Estate Taxes for such year, Tenant shall receive a credit against the installment of Fixed Basic Rent next coming due in the amount by which Tenant’s payments on account of
Tenant’s Tax Share of such Real Estate Taxes exceeded the payments actually due for the applicable year, or if this Lease is terminated or expired, Landlord shall pay the excess payment made by Tenant within thirty (30) days of
Landlord’s actual receipt of such cash refund. 

 iii.        Any Tax Statement or other notice from
Landlord pursuant to this Section 7(b) shall be deemed approved by Tenant as correct unless within sixty (60) days after the furnishing thereof, Tenant shall notify Landlord in writing that it disputes the correctness of the Tax Statement
or other notice, specifying in detail the basis for such assertion. Pending the resolution of such dispute, however, Tenant shall make payments in accordance with said Tax Statement or other notice. Within the foregoing sixty (60) day period,
Landlord shall make its records relating to the Real Estate Taxes and to the calculation of Tenant’s Proportionate Share thereof for the applicable Tax Year available for Tenant’s inspection at Landlord’s principal place of business
or at another place reasonably designated by Landlord during normal business hours upon at least three (3) business days prior written request from Tenant to Landlord or its manager. 

c.        Tenant’s Personality. Tenant shall pay all taxes imposed upon Tenant’s
furnishings, trade fixtures, equipment or other personal property. 
 8.        Operating
Expenses. 
 a.        Definitions.  As used in this Section 8 the
following terms shall be defined as hereinafter provided: 
 i.         “Operating
Year” shall mean each calendar year, or such other period of twelve (12) months as hereafter may be adopted by Landlord as its fiscal year, occurring either in whole or in part during the Term. 

ii.        “Operating Expense Statement” shall mean a statement provided by Landlord,
setting forth in reasonable detail: (a) the Operating Expenses for the Operating Year (or portion thereof if less than a full Operating Year) immediately preceding the Operating Year in which the statement is issued, reasonably detailed by
major categories, (b) the Tenant’s Expense Payment (defined in Section 8(b)) for such preceding Operating Year, prorated if only a part of the Operating Year falls within the Term, (c) the amount of payments made by Tenant on
account of the Tenant’s Expense Payment during such preceding Operating Year, (d) the amount of payments of the Monthly Operating Expense Estimate (defined in Section 8(b)(i)(1)) made to date by Tenant in the Operating Year in which
the Expense Statement is issued, and (e) the Monthly Operating Expense Estimate for the Operating Year in which the Operating Expense Statement is issued. 

iii.       “Operating Expenses” shall mean 

(1) the expenses incurred by Landlord in connection with the operation, repair, maintenance, protection and management of the
Property, including by way of example rather than of limitation, the following: 

(a)        Wages, salaries, fees and other compensation and payments, payroll taxes, contributions to
any social security, unemployment insurance, welfare, pension or similar fund and payments for other fringe benefits made to or on behalf of any and all employees of Landlord performing services rendered in connection with the operation, repair,
maintenance, protection and management of the Property, including, without limitation: elevator operators; elevator starters; 

 
window cleaners; porters; janitors; maids; miscellaneous handymen; watchmen; persons engaged in patrolling and protecting the Property; carpenters; engineers; firemen; mechanics; electricians;
plumbers; landscapers; insurance risk managers; building superintendent and assistants; property manager; and clerical and administrative personnel all of which expenses shall not exceed the market rate for such services for other comparable office
buildings in the area of the Building. Landlord may contract for any of the foregoing to be performed by independent contractors, in which event all sums paid to such independent contractors shall be included within Operating Expenses pursuant to
Section 8(a)(iii)(1)(q) below. 
 (b)       The cost of employee uniforms, and the cleaning,
pressing and repair thereof. 
 (c)       Cleaning costs for the Property, including the facade, windows
and sidewalks, all costs for snow and rubbish removal and the costs of all labor, supplies, equipment and materials incidental to such cleaning. 

(d)       Premiums and other charges incurred by Landlord with respect to all insurance relating to the
Property and the operation and maintenance thereof, including without limitation: all risk of physical damage or fire and extended coverage insurance; public liability insurance; elevator insurance; workmen’s compensation insurance; boiler and
machinery insurance; sprinkler leakage insurance; rent insurance; and health, accident and group life insurance for employees. 

(e)       The cost of heat, electricity, gas, water, sewer and all other utility services, servicing the
Building generally to the extent not billed directly to Tenant in accordance with Section 12(a) below. 

(f)       Costs incurred for operation, service, maintenance, inspection and repairs of the Property,
including the heating, air-conditioning, ventilating, plumbing, electrical and elevator systems of the Building and the costs of labor, materials, supplies and equipment used in connection with all of the aforesaid items. 

(g)       Sales and excise taxes and the like upon any of the expenses enumerated herein. 

(h)       The reasonable management fees of the managing agent for the Building, which shall not be exceed
4% of the gross revenues from the Property. 
 (i)        The cost of tools, equipment, and
supplies and any replacement thereof. 
 (j)        The cost of repainting or otherwise
redecorating any part of the Building other than premises demised to tenants in the Building, and the reasonable cost of displays or decorations for the lobby, balconies and other public portions of the Property. 

(k)       The cost of telephone, telecopier and courier services, postage and delivery charges, office
supplies, maintenance and repair of office equipment, and similar costs. 
 (l)        The cost of
licenses, permits and similar fees and charges. 
 (m)      Auditing and accounting fees including accounting
fees incurred in connection with the preparation and certification of the Tax Statements and the Operating Expense Statements. 

 (n)       All costs incurred by Landlord to comply with
governmental requirements enacted after the Commencement Date, whether federal, state or municipal, and all repairs, replacements and improvements which are appropriate for the continued operation of the Building as a first class building, including
capital expenditures which under generally applied real estate accounting practice are expensed or are regarded as deferred expenses. 

(o)       All costs and expenses associated with the acquisition and installation of any energy or cost
saving devices or alternative renewable energy devices or sources, but only to the extent of savings realized by Landlord and/or Tenant as a result of the installation and/or use of such improvements, devices or sources. 

(p)       Fair market rental or other reasonable costs with respect to the management office for the
Building. 
 (q)       Cost of independent contractors performing services, including, but not limited
to, cleaning, janitorial, window-washing, rubbish removal, comprehensive recycling for cardboard, glass, paper, plastic and metal or such other materials as may be required from time to time by the Sustainability Standards, security, landscaping,
snow and ice removal services, electrical, painting, plumbing, elevator, heating, ventilation and air conditioning maintenance and repair and all fees due such independent contractors. 

(r)        Legal fees with respect to the Property other than those incurred in the negotiation or
enforcement of tenant leases. 
 (s)        Capital expenditures necessitated by casualties but
only to the extent of deductibles paid in connection therewith. 
 (t)        Any and all other
expenditures of Landlord which are properly expensed in accordance with generally applied real estate accounting practices consistently applied with respect to the operation, repair, maintenance, protection and management of first-class office
buildings in the locality of the Building. 
 (u)       If Landlord shall purchase any item of capital
equipment or make any capital expenditure as described in Sections 8(a)(iii)(1)(n), or 8(a)(iii)(1)(o) or 8(a)(iii)(1)(s) or 8(a)(iii)(1)(t) above (jointly the “Capital Expenditures”) then the costs for same shall be amortized on a
straight line basis beginning in the year of installation and continuing for the useful life thereof, but not more than ten (10) years, or such shorter time as may be hereinafter provided, with a per annum interest factor equal to the rate of
Interest on the date of purchase of any Capital Expenditure. The amount of amortization for such costs shall be included in Operating Expenses for each Operating Year to which the amortization relates. Tenant agrees that the determination by
Landlord’s accountants of the useful life of the subject of such Capital Expenditures shall be binding on Tenant. If Landlord shall lease such items of capital equipment, then the lease shall be included in Operating Expenses for each Operating
Year in which they are incurred. Notwithstanding the foregoing, if Landlord shall effectuate savings in labor or energy related costs as a result of the installation of new devices or equipment (provided such savings do not contribute primarily to
the benefit of any particular tenant), then Landlord may, in lieu of the above, elect to include up to the full amount of any such savings in each Operating Year 

 
(beginning with the Operating Year in which the equipment is placed in service) as an Operating Expense until Landlord has recovered thereby the cost of installation of said devices or equipment
and interest thereon as above provided, even if the result of such application will result in the amortization of such costs over a period shorter than the useful life of such installation; provided, the annual amortized costs do not exceed the
actual cost savings realized. Landlord shall notify Tenant in writing if Landlord elects to apply such savings to the cost of such equipment and shall include a statement of the amount of such savings in the Operating Expense Statement for each
applicable Operating Year. Operating Expenses shall thereafter be reduced by the amount of any previous capital expenditures included therein expensed pursuant to this Section 8(a)(iii)(1)(u) when such amortization has been completed. 

(2) Operating Expenses shall be “net” and, for that purpose, shall be reduced by the amounts of any reimbursement
or credit received by Landlord with respect to an item of cost that is included within Operating Expenses (other than reimbursements to Landlord by tenants of the Building pursuant to operating expense provisions of such tenants’ leases). 

(3) In determining Operating Expenses for any Operating Year, including, without limitation, the Base Year, during which less
than ninety five percent (95%) of the rentable area of the Building shall have been occupied by tenants receiving services which form the basis for Operating Expenses for more than thirty (30) days during such year, the variable
components of the actual Operating Expenses for such year shall be increased to the amount which normally would have been incurred for such Operating Year had all such services been provided to tenants occupying ninety five percent
(95%) of the Building throughout such Operating Year, including, without limitation, the Base Year, as reasonably determined by Landlord, and shall include during any year in which construction warranties or guaranties eliminate or reduce the
need for service contracts on Building systems or components, the reasonable cost of such service contracts that would otherwise be required notwithstanding such construction warranties or guaranties. Notwithstanding the foregoing, in no
event shall Landlord receive more than one hundred percent (100%) of the Building’s actual Operating Expenses for any Operating Year as a result of the operation of this Section 8(a)(iii)(3). 

(4) Notwithstanding the provisions of Section 8(a)(iii)(1), “Operating Expenses” shall not include
expenditures for any of the following: 
 (a)       Any capital addition made to the Building except a
Capital Expenditure. 
 (b)       Repairs or other work occasioned by fire, windstorm or other insured
casualty or hazard, to the extent that Landlord shall receive proceeds of such insurance. 

(c)       All costs incurred in procuring new tenants or negotiating or enforcing the terms of a lease
with a tenant, including, without limitation leasing commissions and advertising expenses. 

(d)       Repairs or rebuilding necessitated by condemnation or conveyance of title in lieu thereof to the
extent that Landlord receives proceeds for such repairs or rebuilding. 
 (e)       Depreciation and
amortization of the Building, other than as permitted pursuant to Section 8(a)(iii)(1)(u). 

 (f)       Real Estate Taxes and the items excluded from Real
Estate Taxes as set forth in Section 7(a)(i)(3). 
 (g)      The salaries and benefits of executive
officers of Landlord, if any. 
 (h)      Debt service payments on any indebtedness applicable to the
Property, including any mortgage debt, and any other costs associated with financing a mortgage. 

(i)       All costs incurred in connection with or related to Landlord’s Work in the Premises or the
original construction (as distinguished from operation, repair and maintenance). 
 (j)       All costs
and expenses incurred as a result of any negligence or willful misconduct of the Landlord, its agents, servants or employees. 

(k)      Any items for which Landlord is reimbursed by insurance or otherwise compensated, including direct
reimbursement by any other tenant or occupant (other than reimbursements to Landlord by tenants of the Building pursuant to operating expense provisions of such tenants’ leases) 

(l)       All costs, expenses, liabilities, fines, penalties and losses in connection with or related to
Hazardous Substances (as defined herein) testing, abatement, remediation, clean-up or removal programs in the Common Facilities where such costs, expenses, liabilities, fines, penalties and/or losses are caused by the negligence or willful
misconduct of Landlord or a tenant of the Property or any of their agents or employees or a third party under contract with or control of Landlord or such tenant. 

iv.       “Monthly Operating Expense Estimate” shall have the meaning specified in
Section 8(b)(i)(1) hereof. 
 v.        “Controllable Operating Expenses” shall mean
all Operating Expenses other than Non-Controllable Operating Expenses. 

vi.       “Non-Controllable Operating Expenses” shall mean utility costs, snow and ice removal
expenses, insurance premiums, trash removal expenses, other items the unit cost and quantity requirements of which are not susceptible to pre-negotiation by Landlord, or which are otherwise not reasonably controllable by Landlord (such as, but not
limited to, increases in the minimum wage which may affect the cost of service contracts), and contracts or services which are the subject of collective bargaining agreements or which are performed by persons subject to collective bargaining
agreements and the amortized costs of Capital Expenditures. 
 b.        Tenant’s Expense
Payment.  Commencing on the Commencement Date, Tenant shall pay to Landlord as Additional Rent hereunder an amount equal to Tenant’s Proportionate Share of the total excess, if any, in Operating Expenses for such Operating
Year over the Operating Expenses for the Base Year (“Tenant’s Expense Payment”). Tenant shall only be responsible for Operating Expenses imposed for Operating Years during the Term of this Lease and any extensions, renewals, and
hold-over periods hereof. For any portion of an Operating Year less than a full twelve (12) month period occurring within the Term, Tenant’s Expense Payment shall be prorated on a per diem basis. 

 i.        Such Tenant’s Expense Payment shall be
paid in the following manner: 
 (1) Beginning on the Commencement Date and continuing thereafter during each Operating
Year during the Term on the first day of each month until receipt of the next Operating Expense Statement, Tenant will pay Landlord an amount set by Landlord sufficient to pay Landlord’s estimate (reasonably based on the actual Operating
Expenses for the preceding Operating Year and Landlord’s projections of any anticipated increases or decreases thereof) of Tenant’s Expense Payment for the current Operating Year (or remaining portion thereof) (the “Monthly Operating
Expense Estimate”). The Monthly Operating Expense Estimate for a period less than a full calendar month shall be duly prorated. 

(2) Following the end of each Operating Year, Landlord shall furnish Tenant an Operating Expense Statement setting forth the
information described in Section 8(a)(ii) above. Within thirty (30) days following the receipt of such Operating Expense Statement (the “Expense Share Date”) Tenant shall pay to Landlord: (i) the amount by which the
Tenant’s Expense Payment for the Operating Year (or portion thereof) covered by the Operating Expense Statement exceeds the aggregate of Monthly Operating Expense Estimates paid by Tenant with respect to such Operating Year (or portion
thereof); and (ii) the amount by which the Monthly Operating Expense Estimate for the current Operating Year as shown on the Operating Expense Statement multiplied by the number of months elapsed to date in the current Operating Year (including
the month in which payment is made) exceeds the aggregate amount of payments of the Monthly Operating Expense Estimate theretofore made in the Operating Year in which the Operating Expense Statement is issued. Landlord shall diligently endeavor to
furnish Tenant an Operating Expense Statement not later than one hundred and twenty (120) days following the end of each Operating Year. 

(3) On the first day of the first month following receipt by Tenant of any annual Operating Expense Statement and continuing
thereafter on the first day of each succeeding month until the issuance of the next ensuing Operating Expense Statement, Tenant shall pay Landlord the amount of the Monthly Operating Expense Estimate shown on the Operating Expense Statement. 

(4) If on any Expense Share Date Tenant’s payments of the installments of the Monthly Operating Expense Estimate for the
preceding year’s Operating Expenses are greater than Tenant’s Expense Payment for such preceding Operating Year, Landlord shall credit Tenant with any excess, which credit may be offset by Tenant against next due installments of Rent. If
the Term expires prior to the Expense Share Date for the applicable Operating Year and if Tenant’s payments of Monthly Operating Expense Estimate either exceed or are less than Tenant’s Expense Payment, Landlord shall send the Operating
Expense Statement to Tenant no later than one hundred eighty (180) days following the end of an Operating Year, and an appropriate payment from Tenant to Landlord or refund from Landlord to Tenant shall be made on the Expense Share Date. The
provisions of this Section 8(b)(i)(4) shall remain in effect notwithstanding any termination of this Lease; provided however, that if upon termination of this Lease Tenant owes Landlord any sums under this Lease (for Rent or otherwise),
Landlord shall have the right to reduce the amount of any refund due to Tenant under this Section 8(b)(i)(4) against such sums owed by Tenant to Landlord. 

 c.   Cam Cap.  Notwithstanding any provision of this Lease
to the contrary, for the calendar year commencing on January 1, 2013 and each year thereafter during the Term, Controllable Operating Expenses charged as part of Operating Expenses for any calendar year shall be subject to and limited by a cap
(the “Cam Cap”), which cap shall equal the aggregate amount of all Controllable Operating Expenses that were charged as part of Operating Expenses for the prior calendar year or with respect to the Base Year were included in the
determination of Operating Expenses for the Base Year, as increased by four percent (4%). 
 d.   Tenant’s Audit
Rights.  Tenant shall have the right, at its expense (except as expressly set forth below), to have its “Representatives” (hereinafter defined) during normal business hours at any time within ninety (90) days
following the furnishing to Tenant of the annual Operating Expense Statement, to audit Landlord’s accounting records relative to such Operating Expense Statement and applicable to the Operating Yea set forth in such Operating Expense Statement,
but not with respect to prior Operating Years. If Tenant elects to so audit Landlord’s accounting records, then, unless Tenant shall take written exception to any item of Operating Expenses specifying in detail the reasons for such exception as
to a particular item within ninety (90) days after Tenant’s receipt of such annual Operating Expense Statement, the Operating Expense Statement shall be considered as final and accepted by Tenant. For purposes hereof, the term
“Representatives” shall mean either a nationally recognized independent certified public accounting firm licensed to do business in the Commonwealth of Pennsylvania, or another public accounting firm (or a firm who appoints a certified
public accountant to handle the matter) reasonably acceptable to Landlord. Tenant shall not retain its Representatives on a contingent fee basis. Tenant and its Representative shall, at Landlord’s request, execute a reasonable confidentiality
agreement in favor of Landlord prior to any such examination or audit hereunder. In the event any such audit determines that the Operating Expense Statement overstated the amount(s) payable by Tenant attributable to Operating Expenses from the
actual amount so required hereunder for any calendar year by an amount in excess of five percent (5%), Landlord shall be responsible for the payment of reasonable and actual audit fees incurred by Tenant under this provision within thirty
(30) days following receipt of invoice and reasonable backup documentation therefor; otherwise, Tenant shall be responsible for all such fees. Notwithstanding any exception made by Tenant, Tenant shall pay Landlord the full amount of the
Operating Expenses set forth in the applicable Operating Expense Statement, subject to readjustment at such time as any such exception may be resolved (i.e., either by agreement of Landlord or by final determination of a court of competent
jurisdiction) in favor of Tenant. Landlord’s books and records related to Operating Expenses and the calculation thereof shall be available for review by Tenant and/or Tenant’s Representatives at all reasonable times during normal business
hours within the foregoing 90-day period, upon Tenant’s reasonable prior request therefor to Landlord. 

9.     Late Charge.  Landlord may charge a late payment charge of three percent (3%) of
any installment of Fixed Basic Rent or Additional Rent that is not paid within five (5) days of the due date thereof. Any amount due from Tenant to Landlord which is not paid when due shall bear interest (“Interest”) at an interest
rate equal to the Prime Rate published from time to time in the Money Rates column of the Wall Street Journal plus 2% (or, if lower, the highest rate then allowed under the usury laws of the Commonwealth of Pennsylvania) from the date due until the
date paid. The right of Landlord to charge a late charge with respect to past due installments of Fixed Basic Rent and Additional Rent is in addition to Landlord’s rights and remedies upon an Event of Default. 

 10.        Insurance. 

a.        Tenant’s Insurance. 

i.      Tenant covenants and represents, such covenants and representations being specifically designed to induce
Landlord to execute this Lease, that during the entire Term, at its sole cost and expense, Tenant shall obtain, maintain and keep in full force and effect the following insurance: 

(1) “Special Form” property insurance against fire, theft, vandalism, malicious mischief, sprinkler leakage and
such additional perils as are now, or hereafter may be, included in a standard extended coverage endorsement from time to time in general use in the Commonwealth of Pennsylvania upon property of every description and kind owned by Tenant and or
under Tenant’s care, custody or control located within the Premises or for which Tenant is legally liable, including by way of example and not by way of limitation, furniture, fixtures, fittings, installations and any other personal property
(but excluding the work done by Landlord in connection with Exhibit C which is owned by Landlord) in an amount equal to the full replacement cost thereof. 

(2) Commercial General Liability Insurance coverage to include personal injury, bodily injury, broad form property damage,
operations hazard, contractual liability, products and completed operations liability naming Landlord and Landlord’s mortgagee or trust deed holder and ground lessors (if any) as additional named insureds in limits of not less than [Five
Million Dollars ($5,000,000.00)]. 
 (3) Business interruption insurance in such amounts as will reimburse Tenant for
direct or indirect loss of earnings attributable to all perils commonly insured against by prudent tenants or assumed by Tenant pursuant to this Lease or attributable to prevention or denial of access to the Premises or Building as a result of such
perils. 
 (4) Workers’ Compensation insurance in form and amount as required by applicable law. 

(5)      Any other form or forms of insurance or any increase in the limits of any of the
aforesaid enumerated coverages or other forms of insurance as Landlord or the mortgagees or ground lessors (if any) of Landlord may reasonably require from time to time (but Landlord shall not require such changes more frequently than once every two
(2) years unless required by such mortgagees or ground lessors) if in the reasonable opinion of Landlord or said mortgagees or ground lessors said coverage and/or limits become inadequate or less than that commonly maintained by prudent tenants
in similar buildings in the area by tenants making similar uses. 
 ii.      All property insurance policies shall
be taken out with insurers rated A-VIII (or if such ratings are not in effect, the equivalent thereof) by Best Rating Service, or any successor thereto (or if there be none, an organization having a National reputation) who are licensed to do
business in the state in which the Property is located and shall be in form reasonably satisfactory from time to time to Landlord. A certificate evidencing such insurance together with a paid bill 

 
shall be delivered to Landlord prior to the Commencement Date hereof. Such certificate will provide an undertaking by the insurers to notify Landlord and the mortgagees or ground lessors (if any)
of Landlord in writing not less than thirty (30) days prior to any material change, reduction in coverage, cancellation, or other termination thereof. Should a certificate of insurance initially be provided a policy shall be furnished by Tenant
within fifteen (15) days following Landlord’s written request for same. The aforesaid insurance shall be written with commercially reasonable deductibles. 

iii.      In the event of damage to or destruction of the Building and/or Premises entitling Landlord or Tenant to
terminate this Lease pursuant to Section 18 of this Lease, and if this Lease shall be so terminated, Tenant shall immediately pay to Landlord all of its insurance proceeds, if any, relating to the leasehold improvements and alterations (but not
Tenant’s trade fixtures, equipment, furniture or other personal property of Tenant in the Premises) which have become Landlord’s property on installation or would have become Landlord’s property at the Term’s expiration or sooner
termination. If the termination of the Lease, at Landlord’s election, is due to damage to the Building, and if the Premises have not been so damaged, Tenant will deliver to Landlord, in accordance with the provisions of this Lease, the
improvements and alterations to the Premises which have become an installation or would have become at the Term’s expiration, Landlord’s property. 

iv.      Landlord represents that Tenant’s Permitted Use of the Premises as otherwise defined herein, will not
violate any of the Landlord’s insurance policies as set forth herein and/or cause any increase in the premiums associated therewith. Tenant agrees that it will not keep or use or offer for sale (if sales of goods is a permitted use pursuant to
this Lease) in or upon the Premises or within the Property any article which may be prohibited by any insurance policy in force from time to time covering the Property or Premises. In the event Tenant’s occupancy or conduct of business in or on
the Premises or Property, whether or not Landlord has consented to the same, results in any increase in premiums for insurance carried from time to time by Landlord with respect to the Building, the Property or the Premises, Tenant shall pay such
increase in premiums as Additional Rent within thirty (30) days after being billed therefor by Landlord. In determining whether increased premiums are a result of Tenant’s use and occupancy a schedule issued by the organization computing
the insurance rate on the Property or Premises showing the components of such rate shall be conclusive evidence of the items and charges making up such rate. Tenant shall take promptly comply with all reasonable requirements of the insurance
authority or of any insurer now or hereafter in effect relating to the Building, the Property or Premises. 

v.      If any insurance policy carried by either party as required by this Section 10 shall be cancelled or
cancellation shall be threatened or the coverage thereunder reduced or threatened to be reduced in any way by reason of the use or occupation of the Premises or Building or any part thereof by Tenant or any assignee or subtenant of Tenant or anyone
permitted by Tenant to be upon the Premises, and if Tenant fails to remedy the conditions giving rise to such cancellation or threatened cancellation or reduction in coverage on or before the later to occur of (i) forty-eight (48) hours
after notice thereof from Landlord, or (ii) the date that is one day prior to the date such cancellation or reduction becoming effective (provided Tenant has knowledge of such), Tenant shall be in default and an Event of Default shall occur
under this Lease and Landlord shall have all of the remedies available to Landlord pursuant to this Lease. 

 b.        Landlord’s
Insurance.  Landlord covenants and agrees that throughout the Term it will insure the Property and the Building (excluding any property with respect to which Tenant is obligated to insure pursuant to Section 10(a)(i)(1)
above) against damage by perils covered by the “special form” of property insurance against all loss or damage in an amount of not less than one hundred percent (100%) of the full insurable replacement cost of the Building and
commercial general liability insurance in such reasonable amounts with such reasonable deductibles as required by any mortgagee or ground lessor, or, if none, as would be carried by a prudent owner of a similar building in the area. In addition,
Landlord shall maintain and keep in force and effect during the Term, rental income insurance insuring Landlord against abatement or loss of Fixed Basic Rent, including items of Additional Rent, in case of fire or other casualty similarly insured
against, in an amount at least equal to the Fixed Basic Rent and Additional Rent during, at the minimum, one Lease Year hereunder. Landlord may, but shall not be obligated to, take out and carry any other forms of insurance as it or the mortgagee or
ground lessor (if any) of Landlord may require or reasonably determine available. All costs and expenses incurred by Landlord for insurance carried by Landlord on the Building and the Property or in connection with its ownership or operation thereof
shall be included as Operating Expenses pursuant to Section 8. Notwithstanding its inclusion as an Operating Expense or any contribution by Tenant to the cost of insurance premiums by Tenant as provided herein, Tenant acknowledges that it has
no right to receive any proceeds from any such insurance policies carried by Landlord although Landlord shall use such proceeds in the repair and reconstruction of the Building, the Property and the Premises. Tenant further acknowledges that the
provisions of this Section 10 as to Tenant’s insurance are designed to insure adequate coverage as to Tenant’s property and business without regard to fault and avoid Landlord obtaining similar coverage for such loss for its
negligence or that of its agents, servants or employees which would result in double coverage for the same perils includable as part of Operating Expenses which are payable in part by Tenant. Landlord will not carry insurance of any kind on
Tenant’s furniture or furnishings, or on any fixtures, equipment, appurtenances or improvements of Tenant under this Lease, and Landlord shall not be obligated to repair any damage thereto or replace the same. 

c.        Waiver of Subrogation.  Any policy or policies of fire, extended
coverage or similar property insurance, which either party obtains in connection with the Premises, Building or Property shall include a clause or endorsement denying the insurer any rights of subrogation against the other party (i.e. Landlord or
Tenant) for all perils covered by such policy. Should such waiver not be available then the policy for which the waiver is not available must name the other party as an additional named insured affording it the same coverage as that provided the
party obtaining such coverage. Any provision of this Lease to the contrary notwithstanding, Landlord and Tenant hereby release the other from any and all liability or responsibility to the other or anyone claiming through or under them by way of
subrogation or otherwise (a) from any and all liability for any loss or damage to the property of the releasing party, (b) for any loss or damage that may result, directly or indirectly, from the loss or damage to such property (including
rental value and business interruption), and (c) from legal liability for any loss or damage to property (no matter who the owner of the property may be), all to the extent that the releasing party’s loss or damage is insured or, if not
insured, was insurable under commercially available “special form” property insurance policies, including additional coverages typically obtained by owners and tenants of comparable office buildings in the vicinity of the Building, even if
such loss or damage or legal liability shall be caused by or result from the fault or negligence of the other party or anyone for whom such party may be responsible and even if the 

 
releasing party is self insured in whole or in part or the amount of the releasing party’s insurance is inadequate to cover the loss or damage or legal liability. It is the intention of the
parties that Landlord and Tenant shall look solely to their respective insurance carriers for recovery against any such property loss or damage or legal liability as set forth herein, without such insurance carriers having any rights of subrogation
against the other party. 
 11.        Repairs and Maintenance. 

 a.        Tenant shall, throughout the Term, and at Tenant’s sole cost and expense subject
to Section 11(b) of this Lease, keep and maintain the Premises in a neat and orderly condition and in compliance with the Sustainability Standards; and, upon expiration of the Term or earlier termination of this Lease, Tenant shall leave the
Premises in broom clean condition, ordinary wear and tear, damage by fire or other casualty alone excepted, and for that purpose and except as otherwise agreed to in writing by Landlord and Tenant, Tenant will make all necessary repairs and
replacements to the Premises to deliver it in such condition. Tenant shall not permit any waste to the Premises. Tenant shall not use any portion of the Common Facilities for other than their intended use as reasonably specified by Landlord from
time to time. 
  b.        Landlord shall, throughout the Term, make all necessary repairs to
the roof, foundation, structural elements and Building operating systems, mechanical, electrical and HVAC systems and exterior windows and doors of the Premises and other improvements located on the Property and the parking, sidewalks and walkways
and the Common Facilities. All interior Premises repairs that are necessary to the Premises and are not Landlord’s responsibility shall be performed at Tenant’s sole, but reasonable cost and expense. Landlord shall keep and maintain all
Common Facilities of the Property and any sidewalks, parking areas, curbs and access ways adjoining the Property in a good order and repair, in a clean and orderly condition, free of accumulation of dirt and rubbish and ice and snow and shall keep
and maintain all landscaped areas within the Property in a neat and orderly condition. All repairs and maintenance shall be done in a first class manner in keeping with comparable first class buildings in the locale of the Building. All costs and
expenses incurred by Landlord in connection with Landlord’s obligations under this Section 11(b) shall be included in Operating Expenses unless such expense is expressly excluded from the definition of Operating Expenses. On the
Commencement Date, Landlord, at landlord’s sole cost and expense, shall cause the Building , including the roof, structure, windows, parking areas and mechanical systems, to be in good working condition. 

12.        Utilities and Services. 

 a.        Services to the Premises. 

 i.        Tenant shall have access to the Premises, including elevators as set forth in
Section 12(c) and utilities including HVAC, electricity, water, and heat twenty-four hours per day, seven days per week. Landlord shall furnish the Premises with all utilities, and Landlord shall furnish heating, ventilation and air
conditioning (“HVAC”) to the Premises in accordance with the standards set forth in Schedule 1 to Exhibit C between 8:00 a.m. and 6:00 p.m., Monday through Friday, and 9:00 a.m. to 1:00 p.m. on Saturdays (“Business Hours”), of
each week during the Term (Building Holidays excepted). During non-Business Hours, Landlord shall provide HVAC to the Premises as requested by Tenant and Tenant shall be billed for Landlord’s actual cost, without mark-up,

 
for such service. Any non-Business Hours HVAC charges shall be billed monthly in arrears and shall be payable by Tenant within thirty (30) days of receipt of an invoice from Landlord.
Landlord shall provide janitorial service to the Premises in accordance with the Janitorial Specifications attached hereto as Exhibit E, five days per week except for Building Holidays. Landlord shall furnish electricity to Tenant for Tenant’s
exclusive use on a twenty-four hour per day seven day a week basis in accordance with the standards set forth on such Schedule 1. 

ii.        Tenant agrees to pay monthly as Additional Rent (but not as an Operating Expense) all
charges for electricity (to the extent the same is submetered) used by Tenant at the Premises. Tenant’s electricity consumption for lights, plugs and VAV’s shall be separately submetered as part of the Tenant Work (as defined in Exhibit C
hereto). Tenant shall pay for the consumption of such electricity based upon its submetered usage, provided, however, Landlord shall be permitted to reasonably estimate such usage on a monthly basis but, not less frequently than annually, shall
perform a reconciliation of paid amounts against actual amounts due from Tenant. Tenant shall be charged for such electricity based upon the consumption measured by submeter(s) at the rate Landlord is charged for same without mark-up or fee, and
Tenant acknowledges that the rate charged to Tenant may be an average of the rates charged by the electricity provider as the rate charged for electricity supplied to the Property varies depending on service and hours of consumption. 

iii.       In addition, Tenant agrees to pay as Additional Rent (but not part of Operating Expenses)
Tenant’s Proportionate Share of all charges for electricity used for Common Facilities at the Property and not within tenantable areas of the Building based upon the metered or submetered usage. In no event will the charges under
Section 12(a)(ii) or under this Section 12(a)(iii) as the case may be, duplicate any charges under any other provision. Tenant shall be charged for such electricity at the rate Landlord is charged for same without mark-up or fee, and
Tenant acknowledges that the rate charged to Tenant may be an average of the rates charged by the electricity provider as the rate charged for electricity supplied to the Property varies depending on service and hours of consumption. 

iv.       Tenant shall pay all bills for separately metered utility usage within thirty (30) days
after receipt thereof. 
 v.        Tenant’s use of electric energy in the Premises shall not
at any time exceed the safe capacity of any of the electric conductors and equipment in or otherwise serving the Premises as set forth in Schedule 1 to Exhibit C. Tenant shall make commercially reasonable efforts to cooperate with Landlord to use
electric energy and HVAC systems in a manner consistent with the Sustainability Standards and as required to obtain or maintain Building Certification; provided nothing in this Section shall authorize Landlord to make any changes in the Building or
Premises that would have a material adverse effect on Tenant’s use of the Premises for the Permitted Use. 

vi.       If Landlord is in control of or obtains access to any alternative renewable energy source
(“Alternative Energy”), Landlord shall have the option of providing such Alternative Energy to Tenant to satisfy Landlord’s obligations under this Section 12(a) at a rate not to exceed the average rate Tenant would have otherwise
been charged had Landlord not provided such utility service by means of Alternative Energy. 

 b.        Landlord, upon Tenant’s request, shall
replace light bulbs, tubes and ballasts for lighting fixtures when required in the Premises. The cost of replacement light bulbs, tubes, lamps, and ballasts, plus the reasonable costs incurred by Landlord for such replacement, shall be paid by
Tenant as Additional Rent in accordance with Landlord’s then-current schedule of costs and assessments therefor. As of the date of this Lease, the current rate for such service is $45.00 per hour (in .25 hour increments) plus the actual cost of
the materials required. 
 c.        Within the Common Facilities of the Building and consistent
with other first class buildings in the locale of the Building, Landlord shall furnish: (i) adequate electricity and utilities, (ii) hot and cold water, (iii) lavatory supplies, (iv) automatically operated elevator service; and
provided further that at least one elevator shall be available without additional charge on a twenty-four hour, seven day per week basis, (v) cleaning services (on a five-day a week basis except for Building Holidays) after Business Hours in
accordance with Exhibit E attached hereto and made a part hereof, (vi) reasonably adequate heat and air conditioning in season during Business Hours except for Building Holidays, (vii) landscaping, (viii) parking facility maintenance,
(ix) Common Facilities maintenance, (x) snow and ice removal, (xi) reasonable security and (xii) extermination as needed. Except as otherwise provided, the cost of the services provided by Landlord pursuant to this
Section 12(c) shall be included as part of Operating Expenses. Any additional overtime services requested by Tenant which are not provided to all the tenants of the Building shall be paid by Tenant thirty (30) days after invoices, together
with reasonable backup therefor as Additional Rent but shall not be included as part of Operating Expenses. 

d.        Landlord shall not be liable for any damages to or incurred by Tenant (and Tenant’s
property located in the Premises) resulting from the quality, quantity, failure, unavailability or disruption of any services beyond the reasonable control of Landlord and the same shall not constitute a termination of this Lease or an actual or
constructive eviction or entitle Tenant to an abatement of rent. Landlord shall not be responsible for providing any services not specifically provided for in this Lease. Notwithstanding the above if Tenant is not able to use the Premises for the
conduct of its normal business due to a service interruption or due to some other cause which is the result of Landlord’s failure to perform its material obligations hereunder (other than those obligations which are the subject of the Work
Letter) and in fact ceases such conduct of its normal business and such interruption or failure, if applicable, is within the reasonable control of Landlord and continues for more than three (3) consecutive business days, then Tenant shall be
entitled to an abatement of Fixed Basic Rent and Operating Expenses and Real Estate Taxes from the date of such interruption until such service is restored. 

e.        Tenant and Tenant’s employees shall have the right to use the professionally operated
fitness center located in the Building at the then current monthly membership rates as same may change from time to time. 

f.        Building amenities as of the Commencement Date shall include a full service deli,
complimentary WIFI access, concierge services, manned and electronic security and onsite engineering and maintenance staff. Landlord reserves the right from time to time to change, modify, increase or decrease the Building amenities in its
discretion. 
 g.        Tenant shall have the right without charge to install and use and operate
two (2) satellite dishes and/or antennae and communications equipment necessary or reasonably desirable to 

 
Tenant in connection with Tenant’s business and operations and not for resale to or use by others (collectively, the “Equipment”), including the right to interconnect the Equipment
with Tenant’s other equipment located in the Premises. All Equipment will be installed in a mutually agreeable location on the roof of the Building. Such installation may penetrate the roof membrane provided Tenant utilizes a roofing contractor
which is authorized to make roof penetrations without violating or invalidating Landlord’s roof warranty, if any, to perform such penetrations. In addition, if Tenant is not the sole tenant of the Building, and such Equipment is installed by
Tenant after communications equipment has already been installed upon the roof of the Building by a different Building tenant, Tenant shall be required to ensure that such Equipment does not interfere with the prior equipment installed by other
tenants of the Building installed at the time of such installation. Tenant shall be solely responsible for the costs of installation, operation, and maintenance of the Equipment. Tenant shall operate the Equipment in accordance with all federal,
state and local regulations. In addition, Tenant shall be responsible for obtaining any consents, permits and licenses required to install and operate the Equipment whether from municipal authorities, and Landlord agrees to cooperate with Tenant to
accomplish the same at no cost to Landlord. Tenant agrees, at its sole cost and expense, to perform all installations and shall remove the Equipment at the end of the Term and repair and restore any damage caused thereby, and in doing so, shall
utilize a contractor or subcontractor which is authorized by the manufacturer which issued the roof warranty for the Building to perform roof penetrations and Equipment installations and removal on the roof without invalidating the existing roof
warranty for the Building. 
 13.      Governmental Regulations.  Landlord represents,
warrants and covenants that as of the Commencement Date, the Property and the Common Facilities shall comply with all laws, ordinances, notices, orders, rules, regulations and requirements of all federal, state and municipal government or any
department, commission, board or officer thereof, or of the National Board of Fire Underwriters or any other body exercising similar functions (collectively, “Laws”). During the Term, Landlord shall comply with all Laws relating to the
Property, Building and Premises, except to the extent such compliance relates to Tenant’s use and occupancy of the Premises. Tenant shall not knowingly do or commit, or suffer to be done or committed anywhere in the Building, any act or thing
contrary to any of the Laws referred to in this Section. Tenant, upon having actual notice, shall give Landlord prompt written notice of any accident in the Premises and of any breakage, defect or failure in any of the systems or equipment servicing
the Premises or any portion of the Premises. 
 14.      Alterations, Additions and Fixtures.

   a.        Tenant shall have the right to install in the Premises any trade fixtures;
provided, however, that no such installation and no removal thereof shall be permitted which affects any structural component or operating system of the Building or Premises or violates or will cause any portion of the Premises or the Building to
violate any of the Sustainability Standards or otherwise negatively impact Building Certification and that Tenant shall repair and restore any damage or injury to the Premises or the Property caused by installation or removal. During the
installation of any trade fixtures, alterations, improvements or additions to the Premises or Property whether prior to or during the Term, Tenant shall make commercially reasonable efforts to comply with the Sustainability Standards for Alterations
and Construction Activities in Exhibit J. 

   b.        Tenant shall not make or permit to
be made any alterations, improvements or additions to the Premises or Property which cost in excess of $25,000 in the aggregate during any twelve (12) month period, without on each occasion first presenting plans and specifications to Landlord
and obtaining Landlord’s prior written consent, which shall not be unreasonably withheld or delayed, but may be conditioned upon compliance with the Sustainability Standards, Building Certification impacts, and reasonable requirements of
Landlord as provided in this Lease. If Landlord consents to any proposed alterations, improvements or additions, then Tenant at Tenant’s sole cost and expense, may make the proposed alterations, improvements and additions in accordance with the
approved plans and specifications provided that: (i) Tenant supplies any necessary permits and approvals; (ii) such alterations and improvements do not, in Landlord’s reasonable judgment, impair the structural strength of the
Building, impair Building Certification, or any other improvements or reduce the value of the Property and are at least equal in quality to the tenant improvements installed as part of the Premises Work; (iii) Tenant takes or causes to be taken
all steps that are otherwise required by Section 15 of this Lease and that are required or permitted by law in order to avoid the imposition of any mechanic’s, laborer’s or materialman’s lien upon the Premises or the Property;
(iv) Tenant uses a contractor approved by Landlord such approval not to be unreasonably withheld, conditioned or delayed so long as such contractor shall not disturb labor relations with or interfere with Landlord’s employees, agents,
contractors or subcontractors; (v) the occupants of the Building and of any adjoining real estate owned by Landlord are not unreasonably disturbed by such work; (vi) the alterations, improvements or additions shall be installed in
accordance with the approved plans and specifications and completed according to a construction schedule approved by Landlord such approval not to be unreasonably withheld, conditioned or delayed; and (vii) Tenant provides insurance of the
types and coverage amounts reasonably required by Landlord. Any and all alterations, improvements and additions to the Premises which are constructed, installed or otherwise made by Tenant shall be the property of Tenant until the expiration or
sooner termination of this Lease; at that time all such alterations and additions shall remain on the Premises and become the property of Landlord without payment by Landlord unless, upon the termination of this Lease, Landlord instructs Tenant in
writing to remove the same in which event Tenant will remove such alterations, improvements and additions, and repair and restore any damage to the Property or the Premises caused by the installation or removal. Notwithstanding anything to the
contrary contained in this Lease, Landlord may withhold its approval to any proposed alterations, additions or improvements to the Premises in its absolute and sole discretion with respect to any such alteration, addition or improvement which
Landlord determines involves any modification to the Building’s exterior or its structural, electrical, mechanical or plumbing systems, or any components thereof. 

15.      Mechanic’s Liens. 

  a.        Tenant covenants that it shall not (and has no authority to) create or allow to
remain beyond the time period set forth in Section 15(c) herein any encumbrance against the Premises, the Property, or any part of any thereof or of Landlord’s interest therein. 

  b.        Tenant covenants that it shall not suffer or permit to be created, or to remain
beyond the time period set forth in Section 15(c) herein, any lien or claim thereof (arising out of any work done or services, material, equipment or supplies furnished for or at the request of Tenant or by or for any contractor or
subcontractor of Tenant, other than such furnished by Landlord) which is or may become a lien upon the Premises, the Property, or any part of any thereof or the income therefrom or any fixture, equipment or similar property therein. 

   c.        If any lien or claim shall be
filed, Tenant shall within ten (10) days after receipt of written notice of the filing thereof, cause the same to be discharged of record by payment, deposit, bond or otherwise. If Tenant shall fail to cause such lien or claim to be discharged
and removed from record within that period, then, without obligation to investigate the validity thereof and in addition to any other right or remedy Landlord may have, Landlord may, but shall not be obligated to, contest the lien or claim or
discharge it by payment, deposit, bond or otherwise; and Landlord shall be entitled, if Landlord so decides, to compel the prosecution of an action for the foreclosure of such lien by the lienor and to pay the amount of the judgment in favor of the
lienor with interest and costs. Any amounts so paid by Landlord and all reasonable costs and expenses, including reasonable attorneys’ fees, incurred by Landlord in connection therewith, together with Interest from the respective dates of
Landlord’s making of the payment or incurring of the cost or expense, shall constitute Additional Rent payable by Tenant under this Lease and shall be paid by Tenant to Landlord within fifteen (15) days of demand. 

  d.        Notwithstanding anything to the contrary in this Lease or in any other writing
signed by Landlord, neither this Lease nor any other writing signed by Landlord shall be construed as evidencing, indicating, or causing an appearance that any erection, construction, alteration or repair to be done, or caused to be done, by Tenant
is or was in fact for the immediate use and benefit of Landlord. Further, notwithstanding anything contained herein to the contrary, nothing contained in or contemplated by this Lease shall be deemed or construed in any way to constitute the consent
or request on the part of Landlord for the performance of any work or services or the furnishing of any materials for which any lien could be filed against the Premises or the Property or any part of any thereof, nor as giving Tenant any right,
power, or authority to contract for or permit the performance of any work or services or the furnishing of any materials for which any lien could be filed against the Premises, the Property or any part of any thereof. 

16.      Negative Covenants of Tenant. 

  a.        System Changes. Supplementing the provisions of Section 14 above,
Tenant shall not install any equipment of any kind or nature whatsoever which would or could, in Landlord’s reasonable judgment, necessitate any change, replacement or addition to (or which might cause damage to) the plumbing, heating,
air-conditioning or electrical systems serving the Premises or any other portion of the Building without the prior written consent of Landlord. In the event such consent is granted, all costs in connection with such changes, replacements or
additions shall be paid for by Tenant in advance and any such work shall be performed in a manner so as not to violate the Sustainability Standards. 

  b.        Sales. Without the prior written consent of Landlord, Tenant shall not
exhibit, sell or offer for sale (or permit the exhibition, sale or offering for sale) in the Premises, or at the Property, any article or thing except those articles and things connected with the Permitted Use of the Premises by Tenant. 

  c.        Prohibited Uses. Tenant will not make or permit to be made any use of the
Premises or any part thereof which would violate any of the covenants, agreements, terms, provisions and 

 
conditions of this Lease or which directly or indirectly is forbidden by public law, ordinance or governmental regulation or which may be dangerous to life, limb or property or which may
invalidate or increase the premium cost of any policy of insurance carried on the Property or covering its operation or which will suffer or permit the Premises or any part thereof to be used in any manner or which would permit anything to be
brought into or kept therein which, in the judgment of Landlord, would in any way impair or tend to impair the character, reputation or appearance of the Building as a high quality office building or which would impair or interfere with or tend to
impair or interfere with any of the services performed by Landlord for the Building or which could threaten the safety of the Building or any of its occupants. 

d.        Signs. Tenant shall not display, inscribe, print, paint, maintain or affix on any
place in or about the Premises or the Property any sign, notice, legend, direction, figure or advertisement, except a suite sign adjacent to the Premises door and on the directory board of the Building and then only such name(s) and matter, and in
such color, size, style, place and materials, consistent with the Building standards and as shall first have been approved in writing by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed. Landlord shall provide, at
Landlord’s sole cost and expense, Building standard signage at the Premises entrance and on the Building lobby directory. The listing by Landlord of any name other than that of Tenant, whether on the doors of the Premises, on the directory of
the Building or otherwise, shall not operate to vest any right or interest in this Lease or in the Premises or be deemed to be the written consent of Landlord mentioned in Section 24 hereof. 

e.        Advertising. Without Landlord’s prior written consent in each instance, which
shall not be unreasonably withheld, conditioned or delayed Tenant shall not: (1) advertise the business, profession or activities of Tenant conducted at the Premises in any manner which violates the letter of any code of ethics adopted by any
recognized association or organization pertaining to such business, profession or activities; or (2) use the name of the Building for any purpose other than that of the business address of Tenant; or (3) use any picture or likeness of the
Building in any circulars, notices, advertisements or correspondence; or (4) advertise or otherwise notify third parties that the Premises or any part thereof are available for lease or sublease. 

f.        Locks. Locks or similar devices may only be attached to or removed from any door or
window in the Premises with Landlord’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. 

g.        Hazardous Substances. 

i.        Tenant represents, warrants and covenants that (1) the Premises shall not be used by
Tenant, its employees, licensees, agents, sublessees, or contractors (collectively, “Tenant Parties”) for any dangerous or noxious trade or business and that Tenant Parties will not cause or maintain a nuisance there, (2) Tenant
Parties shall not bring, generate, treat, store or dispose of Hazardous Substances (as hereinafter defined) at the Premises, (3) Tenant Parties shall at all times comply with all applicable Environmental Laws (as hereinafter defined), and
(4) Tenant shall keep the Premises free of any lien imposed pursuant to any Environmental Laws by reason of Tenant’s breach of any of the foregoing warranties and covenants. “Premises” for purposes of this Section 16(g)
shall include the Building and the Property including parking areas. Notwithstanding the foregoing, (A) Tenant shall be entitled to use normal cleaning fluid, copy fluids and other normal 

 
office products in the Premises, provided that the same are all properly contained, stored, in the event of a spill or seepage, properly cleaned up and properly disposed of when fully utilized
and in all cases are permitted by and used in conformity with the Sustainability Standards, and (B) Tenant shall not be responsible for de minimus leakage of oil or other automobile fluids by the vehicles used by its employees, agents or
contractors driving through the Property and parking in the parking areas. 
 ii.        Tenant
warrants that it shall promptly deliver to Landlord, (i) copies of any documents received from the United States Environmental Protection Agency and/or any state, county or municipal environmental or health agency concerning Tenant’s
operations upon the Premises, (ii) copies of any documents submitted by Tenant to the United States Environmental Protection Agency and/or any state, county or municipal environmental or health agency concerning its operations on the Premises,
including but not limited to copies of permits, licenses, annual filings and registration forms, and (iii) upon the request of Landlord, Tenant shall provide Landlord with evidence of compliance with Environmental Laws. 

iii.        At the expiration or earlier termination of this Lease, Tenant shall surrender the
Premises to Landlord free of any and all Environmental Defaults (defined below). 
 iv.        An
“Environmental Default” shall mean the occurrence of any one or more of the following: (1) a breach of Tenant’s representation, warranty and covenant contained in Section 16(g)(i), above, (2) a release, spill or
discharge of a Hazardous Substance on or from the Premises by any Tenant Parties (except as permitted per Section 16(g)(i)(B) above), or (3) the discovery of an environmental condition (emergency or otherwise) requiring response which
violation, release, or condition is caused by the acts or omissions of any Tenant Parties, or (4) Tenant conducts or commissions a study or other investigation concerning the environmental conditions in or of the Premises, including compliance
thereof with applicable Environmental Laws, without Landlord’s prior written consent Upon occurrence of an Environmental Default, Landlord shall have the right, but not the obligation, to immediately enter the Premises, to supervise and approve
any actions taken by Tenant to address the violation, release, or environmental condition, or if Landlord deems it necessary, then Landlord may perform, at Tenant’s expense, any lawful actions necessary to address the violation, release, or
environmental condition. 
 v.        Tenant shall indemnify, defend (with counsel reasonably
approved by Landlord) and hold Landlord and Landlord’s affiliates, shareholders, directors, officers, employees and agents harmless from and against any and all claims, judgments, damages (including consequential damages), penalties, fines,
liabilities, losses, suits, administrative proceedings, costs and expense of any kind or nature, known or unknown, contingent or otherwise, which arise at any time during or after the Term (including, but not limited to, reasonable attorneys’,
consultant, laboratory and expert fees and including without limitation, diminution in the value of the Building or Property, damages for the loss or restriction on use of rentable space or of any amenity of the Building or Property and damages
arising from any adverse impact on marketing of space in the Building), arising from or related to the occurrence of one or more Environmental Defaults during the Term; provided, however, that Tenant shall not be responsible for any conditions
pre-existing its tenancy in the Premises and not caused by any Tenant Party. 

 vi.        Landlord has delivered to Tenant that certain
Phase I Environmental Site Assessment dated March 30, 2001 with respect to the Property. Landlord shall indemnify, defend and hold Tenant and Tenant’s affiliates, members, directors, officers, employees and agents harmless from and against
any and all claims, judgments, damages, penalties, fines, liabilities, losses, suits, administrative proceedings, costs and expense of any kind or nature (including without limitation reasonable attorney’s fees and court costs), known or
unknown, contingent or otherwise which arise out of the acts or omissions of Landlord, its agents, employees and contractors at the Property. 

vii.        Definitions. 

(1)  “Hazardous Substances” means, (i) asbestos and any asbestos containing material and any
substance that is then defined or listed in, or otherwise classified pursuant to, any Environmental Laws or any applicable laws or regulations as a “hazardous substance”, “Hazardous Material”, “hazardous waste,”
“infectious waste”, “toxic substance”, “toxic pollutant” or any other formulation intended to define, list, or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity,
carcinogenicity, toxicity, reproductive toxicity, or Toxicity Characteristic Leaching Procedure (TCLP) toxicity, (ii) any petroleum and drilling fluids, produced waters, and other wastes associated with the exploration, development or
production of crude oil, natural gas, or geothermal resources and (iii) petroleum products, polychlorinated biphenyls, urea formaldehyde, radon gas, radioactive material (including any source, special nuclear, or by-product material), and
medical waste. 
 (2)  “Environmental Laws” collectively means and includes all present and future laws
and any amendments thereto (whether common law, statute, rule, order, regulation or otherwise), permits, and other requirements or guidelines of governmental authorities applicable to the Premises and relating to the environment and environmental
conditions or to any Hazardous Substance (including, without limitation, CERCLA, 42 U.S.C. §601, et seq., the Resource Conservation and Recovery Act of 1976,42 U.S.C. §901, et seq., the Hazardous Materials Transportation Act, 49 U.S.C.
§801, et seq., the Federal Water Pollution Control Act, 33 U.S.C. §51, et seq., the Clean Air Act, 33 U.S.C. §401, et seq., the Clean Air Act, 42 U.S.C. §41, et seq., the Toxic Substances Control Act, 15 U.S.C. §601-2629,
the Safe Drinking Water Act, 42 U.S.C. §300f-300j, the Emergency Planning and Community Right-to-Know Act, 42 U.S.C. §101, et seq., and any so-called “Super Fund” or “Super Lien” law, any law requiring the filing of
reports and notices relating to hazardous substances, environmental laws administered by the Environmental Protection Agency, and any similar state and local laws and regulations, all amendments thereto and all regulations, orders, decisions, and
decrees now or hereafter promulgated thereunder concerning the environment, industrial hygiene or public health or safety). 
 viii.
      The provisions of this Section 16(g) shall survive any termination of this Lease or the expiration of the Term. 

h.        Floor Load. Tenant shall not place or permit to be placed upon any floor of
the Premises any item of any nature the weight of which shall exceed such floor’s rated floor load limit unless additional floor loads are approved in writing by Landlord in advance. Landlord represents and warrants to Tenant that the floor
load of the Premises is 100 pounds per square foot live load. 

 i.        Sustainability Standards. Tenant shall
not take or cause or permit to be taken any action that would violate the Sustainability Standards or cause the Premises or the Building to violate the Sustainability Standards. 

17.       Landlord’s Right of Entry. 

a.        Tenant shall permit Landlord and the authorized representatives of Landlord and of any
mortgagee or any prospective mortgagee to enter the Premises at all reasonable times, with prior reasonable notice to Tenant, for the purpose of (i) inspecting the Premises or (ii) making any necessary repairs to the Premises or to the
Building and performing any work therein, including any work necessary to obtain or maintain Building Certification and/or maintain the Sustainability Standards. During the progress of any work on the Premises or the Building, Landlord will attempt
not to inconvenience Tenant or materially interfere with the operation of Tenant’s business, but shall not be liable for inconvenience, annoyance, disturbance, loss of business or other damage to Tenant by reason of making any repair or by
bringing or storing materials, supplies, tools and equipment in the Premises during the performance of any work, and the obligations of Tenant under this Lease shall not be thereby affected in any manner whatsoever. 

b.        Landlord shall have the right at all reasonable times, with prior reasonable notice to
Tenant, to enter and to exhibit the Premises for the purpose of inspection or showing the Premises in connection with a sale or mortgage and, during the last nine (9) months of the Term, to enter upon and to exhibit the Premises to any
prospective tenant. 
 c.        If during the last six (6) months of the Term, the Premises
are vacated or abandoned by Tenant, Landlord shall be permitted to show the Premises at any time and to prepare the Premises for re-occupancy, including the demolition, alteration and reconstruction of tenant improvements therein provided, however,
nothing herein shall relieve Tenant of its obligation to pay Rent in accordance with the terms of this Lease. 

d.        Tenant shall use its commercially reasonable efforts to respond and to cause Tenant’s
employees and any other occupants of the Premises to respond to any reasonable request for information from Landlord related to Building Certification or the Sustainability Standards. 

18.       Damage by Fire or Other Casualty. 

a.        If the Premises or Building is damaged or destroyed by fire or other casualty, Tenant shall
promptly notify Landlord whereupon Landlord shall, subject to the consent of Landlord’s present or future mortgagee and to the conditions set forth in this Section 18, repair, rebuild or replace such damage and restore the Premises to
substantially the same condition as the Premises were in immediately prior to such damage or destruction; provided, however, that Landlord shall only be obligated to restore such damage or destruction to the extent of the proceeds of fire and other
extended coverage insurance policies. Notwithstanding the foregoing, if the Premises is destroyed or damaged to the extent that in Landlord’s sole judgment the Premises cannot be repaired or restored within one hundred eighty (180) days
after such casually as determined by Landlord (such determination being promptly provided to Tenant in writing), either Landlord or Tenant may terminate this Lease by written notice of its election to do so to the other party

 
within thirty (30) days after the date of Landlord’s determination of the time to restore. If the Lease is so terminated, the termination will be effective as of the date of the
casualty and all Fixed Basic Rent and Additional Rent shall abate from such date, and any Fixed Basic Rent or Additional Rent paid for any period beyond such date and all other charges as to such Premises shall be refunded to Tenant. 

b.        If this Lease is not terminated as provided in subsection (a), the repair, rebuilding or
replacement work shall be commenced promptly and completed with due diligence, taking into account the time required by Landlord to effect a settlement with, and procure insurance proceeds from, the insurer, and for delays beyond Landlord’s
reasonable control; provided, if Landlord does not restore the Premises and the Building within ninety (90) days following the date Landlord advised Tenant that the restoration would be substantially complete, Tenant may terminate this Lease
without incurring any liability to Landlord subsequent to the casualty, provided (i) Tenant gives Landlord not less than thirty (30) days’ prior written notice, and (ii) Landlord does not complete the restoration during such
thirty (30) day period. 
 c.        The net amount of any insurance proceeds recovered by
reason of the damage or destruction of the Building (meaning the gross insurance proceeds excluding proceeds received pursuant to a rental coverage endorsement and the cost of adjusting the insurance claim and collecting the insurance proceeds)
shall be applied towards the cost of restoration. Notwithstanding anything to the contrary in this Lease, if in Landlord’s sole opinion the net amount of insurance proceeds will not be adequate to complete such restoration, Landlord shall have
the right to terminate this Lease and all the unaccrued obligations of the parties hereto by sending a written notice of such termination to Tenant specifying a termination date no less than ten (10) days after its transmission; provided,
however, that Tenant may require Landlord, except during the last two (2) years of the Term, to withdraw the notice of termination by agreeing to pay the cost of restoration in excess of the net insurance proceeds and by giving Landlord
adequate security for such payment prior to the termination date specified in Landlord’s notice of termination. If the net insurance proceeds are more than adequate, the amount by which the net insurance proceeds exceed the cost of restoration
will be retained by Landlord or applied to repayment of any mortgage secured by the Property. 

d.        Notwithstanding the foregoing, Landlord’s obligation or election to restore the
Premises under this Section or to terminate this Lease shall be subject to the terms of any present or future mortgage affecting the Premises and to the mortgagee’s consent if required in the mortgage and shall not, in any event, include the
repair, restoration or replacement of the fixtures, improvements, alterations, furniture or any other property owned, installed, made by, or in the possession of Tenant. 

e.        Until the repairs and/or rebuilding shall have been completed, Tenant’s Fixed Basic
Rent and Additional Rent will be proportionately abated based on the rentable square footage of the portion of the Premises that is rendered untenantable by reason of the fire or other casualty as compared to the rentable square footage of the
entire Premises. 
 19.       Non-Abatement of Rent.  Except as otherwise
expressly set forth in this Lease, there shall be no abatement or reduction of the Fixed Basic Rent, Additional Rent or other sums payable under this Lease for any cause whatsoever and this Lease shall not terminate, nor shall Tenant be entitled to
surrender the Premises, in the event of fire, casualty or condemnation or any default by Landlord under this Lease. 

 20.   Indemnification. Except to the extent such loss, costs or
damages were caused by the negligence or willful misconduct of Landlord or Tenant, as applicable, or their respective employees, agents or contractors, Landlord and Tenant hereby agree to indemnify, defend and hold the other party and its employees,
agents and contractors harmless from any loss, costs and damages (including reasonable attorney’s fees and costs) suffered by the other party, its agents, employees or contractors, as a result of any claim by a third party, its agents,
employees or contractors arising from Landlord’s or Tenant’s respective use or occupancy of the Premises, the Building or the Property. The indemnifying party shall have the right to designate counsel acceptable to the indemnified party,
such approval not to be unreasonably withheld, to assume the defense of any such third party claim on behalf of itself and the indemnified party. The indemnifying party shall not have the right to settle any claim without the consent of the
indemnified party. This indemnity shall survive the expiration of the Term or earlier termination of this Lease. 

21.   Eminent Domain. 

a.        Total or Partial Taking. In the event of exercise of the power of eminent
domain whereby: 
 i.        such portion of the Property is taken that access to the Premises is
permanently impaired thereby and reasonable alternate access is not provided by Landlord within thirty (30) days following such taking; or 

ii.       all or substantially all of the Premises or the Property is taken; or 

iii.      less than substantially all of the Property is taken but Landlord, acting in good faith, determines
that it is economically unfeasible to continue to operate the uncondemned portion of the Building as a first-class office building; or 

iv.      less than substantially all of the Premises is taken, but Tenant, acting in good faith, determines
that because of such taking it is economically unfeasible to continue to conduct its business in the uncondemned portion of the Premises; 
 then in the
case of (i) or (ii), either party, and in the case of (iii), Landlord, and in the case of (iv), Tenant, shall have the right to terminate this Lease as of the date when possession of that part which was taken is required to be delivered or
surrendered to the condemning authority; and in such case all Fixed Basic Rent, Additional Rent and other charges shall be adjusted to the date of termination and any Fixed Basic Rent or Additional Rent paid for any period beyond such date and all
other charges as to such Premises shall be refunded to Tenant. A “taking” as such term, is used in this Section 21 shall include a transfer of title or of any interest in the Property by deed or other instrument in settlement of or in
lieu of transfer by operation of law incident to condemnation proceedings. 

b.        Temporary Taking. Notwithstanding anything hereinabove provided, in the event
of a taking of only the right to or for possession of the Premises for a fixed period of time or for the duration of an emergency or other temporary condition, then this Lease shall continue in full 

 
force and effect without any abatement of Fixed Basic Rent or Additional Rent, but the amounts payable by the condemnor with respect to any period of time prior to the expiration or sooner
termination of this Lease shall be paid by the condemnor to Landlord and credited against Tenant’s installments of Fixed Basic Rent and/or Additional Rent as set forth herein. If the amounts payable hereunder by the condemnor are paid in
monthly installments, Landlord shall apply the amount of such installments, or as much thereof as may be necessary for the purpose, toward the amount of Fixed Basic Rent and/or Additional Rent due from Tenant for the period, and Tenant shall not be
liable to Landlord for any deficiency between the monthly amount thus paid by the condemnor and the amount that would have been due from Tenant under the Lease had the temporary taking not occurred. The above notwithstanding, if any such temporary
taking shall continue for a period in excess of ninety (90) days, Tenant shall have the right to terminate this Lease upon ten (10) days’ written notice to Landlord. 

c.        Tenant’s Waiver. Regardless of whether this Lease shall terminate, Tenant shall
have no right to participate or share in any condemnation claim, damage award or settlement in lieu thereof with respect to any taking of any nature; provided, however, that Tenant shall not be precluded from claiming or receiving payment for
Tenant’s relocation and moving expenses and the value of Tenant’s improvements as may be permitted under applicable law so long as the amount of same does not reduce the award which Landlord is entitled to receive. 

22.   Quiet Enjoyment; Landlord Default. Tenant, upon paying the Fixed Basic Rent, Additional Rent and other
charges herein required and observing and keeping all covenants, agreements and conditions of this Lease, including applicable cure periods, shall quietly have and enjoy the Premises during the Term without hindrance or molestation by anyone
claiming by or through Landlord, subject, however, to the exceptions, reservations and conditions of this Lease, matters of public record and any mortgage to which this Lease shall be subordinate. 

23.   Rules and Regulations. Landlord hereby reserves the right to prescribe, from time to time, at its sole
discretion, reasonable rules and regulations (herein called the “Rules and Regulations”) governing the use and enjoyment of the Premises and the remainder of the Property and the current Rules and Regulations are attached hereto as Exhibit
F. The Rules and Regulations shall not materially interfere with Tenant’s use and enjoyment of the Premises in accordance with the provisions of this Lease for the Permitted Use and shall not increase or modify Tenant’s monetary
obligations under this Lease. In the event of a conflict between the Lease and such Rules and Regulations, the Lease shall control. Tenant and its agents and employees shall comply at all times with the Rules and Regulations and shall take
commercially reasonable efforts to cause its invitees, visitors, and guests to do so. Landlord shall not be responsible to Tenant for non-observance or violation of any of the Rules and Regulations by any tenant of the Building, but shall enforce
such Rules and Regulations in a uniform manner. 
 24.   Assignment and Sublease. 

a.        In the event Tenant desires to assign this Lease or sublease all or part of the Premises to
any other party (except for any transfer or assignment that occurs as a result of Section 24(c) herein), Tenant shall provide written notice of the terms and conditions of such assignment or Sublease to Landlord prior to the effective date of
any such sublease or assignment (a “Tenant Request”), and, prior to such effective date, Landlord shall have the option, exercisable by written notice to 

 
Tenant within ten (10) business days of Landlord’s receipt of written notice from Tenant (a “Recapture Notice”), to terminate this Lease with respect to the portion of the
Premises which is the subject of the Tenant Request on notice to Tenant. If Landlord gives a Recapture Notice, Tenant shall have five (5) calendar days from receipt of such Recapture Notice to rescind, in writing, the Tenant’s Request and,
upon such rescission, both the Recapture Notice and Tenant’s Request shall be deemed withdrawn, null and void. If Tenant’s Request is not so rescinded within the permitted time period, then this Lease shall terminate (in whole if
Tenant’s Request is for an assignment of the Lease or subleasing of all or substantially all of the Premises, or with respect to that part of the Premises which is the subject of a subletting if Tenant’s Request is for a subletting of less
than substantially all of the Premises) (that portion, whether the whole or a part, of the Premises which is the subject of Tenant’s Request is hereinafter referred to as the “Recapture Space”) on the date which is specified in
Landlord’s Recapture Notice (the “Surrender Date”). Tenant shall vacate the Recapture Space on or before the Surrender Date and deliver possession of the Recapture Space to Landlord in the condition required by this Lease. Effective
as of the Surrender Date, neither Landlord nor Tenant shall have any further obligations under this Lease with respect to the Recapture Space, except for those rights and obligations which survive expiration or termination of the Lease. Effective as
of the Surrender Date, all Fixed Basic Rent and Additional Rent shall be adjusted on a pro rata basis to reflect the reduced size of the Premises, if applicable. 

b.        In the event that Landlord elects not to recapture the Recapture Space as provided in
Section 24(a) above, Tenant may assign this Lease or sublet the whole or any portion of the Premises, subject to Landlord’s prior written consent, not to be unreasonably withheld, conditioned or delayed, on the basis of the following terms
and conditions: 
 i.        Tenant shall provide to Landlord the following: 

(1) The name and address of the proposed assignee or subtenant; 

(2) All the terms and conditions of the assignment or subletting; 

(3) The nature and character of the business of the proposed assignee or subtenant; 

(4) Banking, financial and other credit information relating to the proposed assignee or subtenant reasonably sufficient to
enable Landlord to determine the proposed assignee’s or sublessee’s financial responsibility; and 
 (5) In the
event of a subleasing of only a portion of the Premises, plans and specifications for Tenant’s layout, partitioning, and electrical installations for the portion of the Premises to be subleased. 

(6) Tenant acknowledges that it shall not be unreasonable for Landlord to withhold its consent if Tenant shall seek to assign
or sublet to the following: 
 (7) To a government or quasi-government agency; 

(8) To an entity whose financial or business character is not consistent with the other tenants in the Building; 

 (9) To an existing tenant of the Building, and such tenant has expansion options
in its lease for space in the Building; and 
 (10)          To a tenant
or prospect with whom Landlord currently is negotiating for space in the Building. 

ii.         The assignee or subtenant shall assume, by written instrument, all of the
obligations of Tenant as provided by this Lease, and a copy of such assumption agreement shall be furnished to Landlord within ten (10) days of its execution, provided, however, any such subtenants shall only be obligated to assume
Tenant’s obligations arising under this Lease with respect to the portion of the Premises sublet. Any sublease shall expressly acknowledge that said subtenant’s rights in and to the Premises shall be no greater than those of Tenant. In
addition, any request by Tenant for Landlord’s consent to an assignment or sublease shall not include any option or right of expansion, renewal, first refusal, or any other right or option with respect to the Premises, any other portion of the
Building or for any period of time beyond the original Term, Tenant hereby acknowledging that such rights and options, if any, are personal to Tenant. 

iii.        Tenant and each assignee shall be and remain liable for the observance of all the
covenants and provisions of this Lease, including, but not limited to, the payment of Fixed Basic Rent and Additional Rent reserved herein, through the entire Term, as the same may be renewed, extended or otherwise modified. 

iv.        Tenant and any assignee or subtenant, as applicable, shall promptly pay to Landlord fifty
percent (50%) of the difference between the rent paid by such subtenant or assignee on a monthly basis and the amount of rent due for such month pursuant to this Lease. 

v.         In any event, the acceptance by Landlord of any rent from the assignee or from any of
the subtenants or the failure of Landlord to insist upon a strict performance of any of the terms, conditions and covenants herein shall not release Tenant herein, nor any assignee or subtenant, from any and all of the obligations to be performed by
it in accordance herewith during and for the entire Term. 
 vi.        Tenant shall pay to
Landlord the sum of One Thousand Five Hundred Dollars ($1,500.00) to cover its handling charges for each consent to any sublet or assignment prior to its consideration of the same. Tenant acknowledges that its sole remedy with respect to any
assertion that Landlord’s failure to consent to any sublet or assignment is unreasonable shall be the remedy of specific performance and Tenant shall have no other claim or cause of action against Landlord as a result of Landlord’s actions
in refusing to consent thereto. 
 c.        If Tenant is a corporation other than a corporation
whose stock is listed and traded on a nationally recognized stock exchange, the provisions of Section 24(b) hereof shall apply to a transfer (however accomplished, whether in a single transaction or in a series of related or unrelated
transactions) of stock (or any other mechanism such as, by way of example, the issuance of additional stock, a stock voting agreement or change in class(es) of stock) which results in a change of control of Tenant as if such transfer of stock (or
other mechanism) which results in a change of control of Tenant were an assignment of this Lease, and if Tenant is a partnership, limited liability company or joint venture, said provisions shall apply with respect to

 
a transfer (by one or more transfers) of an interest in the distributions of profits and losses of such partnership, limited liability company or joint venture (or other mechanism, such as, by
way of example, the creation of additional general partnership or limited partnership or member interests) which results in a change of control of such a partnership, limited liability company or joint venture, as if such transfer of an interest in
the distributions of profits and losses of such partnership or joint venture which results in a change of control of such partnership, limited liability company or joint venture were an assignment of this Lease; but said provisions shall not apply
to transactions with a corporation into or with which Tenant is merged or consolidated or to which all or substantially all of Tenant’s assets are transferred or to any corporation which controls or is controlled by Tenant or is under common
control with Tenant, provided that in the event of such merger, consolidation or transfer of all or substantially all of Tenant’s assets (i) the successor to Tenant has a net worth computed in accordance with generally accepted accounting
principles at least equal to the greater of (1) the net worth of Tenant immediately prior to such merger, consolidation or transfer, or (2) the net worth of Tenant herein named on the date of this Lease, and (ii) proof satisfactory to
Landlord of such net worth shall have been delivered to Landlord at least ten (10) days prior to the effective date of any such transaction. 

d.        Without limiting any of the provisions of this Section 24, if pursuant to the Federal
Bankruptcy Code (herein referred to as the “Code”), or any similar law hereafter enacted having the same general purpose, Tenant is permitted to assign this Lease notwithstanding the restrictions contained in this Lease, adequate assurance
of future performance by an assignee expressly permitted under such Code shall be deemed to mean the deposit of cash security in an amount equal to the sum of three month’s Fixed Basic Rent plus an amount equal to the Additional Rent for the
final three months of the calendar year preceding the year in which such assignment is intended to become effective, which deposit shall be held by Landlord for the balance of the Term, without interest, as security for the full performance of all
of Tenant’s obligations under this Lease, to be held and applied in the manner specified for any security deposit required hereunder. 

e.        Except as specifically set forth above, no portion of the Premises or of Tenant’s
interest in this Lease may be acquired by any other person or entity, whether by assignment, mortgage, sublease, transfer, operation of law or act of Tenant, nor shall Tenant pledge its interest in this Lease or in any security deposit required
hereunder. 
 25.   Intentionally Omitted. 

26.   Subordination. This Lease and Tenant’s rights under this Lease shall be subject and subordinate at all times
in lien and priority to any first mortgage or other primary encumbrance now or hereafter placed upon or affecting the Property or the Premises, and to any second mortgage or encumbrance with the consent of the first mortgagee, and to all renewals,
modifications, consolidations and extensions thereof, without the necessity of any further instrument or act on the part of Tenant. Tenant shall execute and deliver within ten (10) days upon demand a Subordination, Non-Disturbance and
Attornment Agreement in the form attached hereto as Exhibit I (“SNDA”) and any further instrument or instruments confirming the subordination of this Lease to the lien of any such first mortgage or to the lien of any other mortgage, if
requested to do so by Landlord with the consent of the first mortgagee, and any further instrument or instruments of attornment that may be desired by any such mortgagee or 

 
Landlord, provided, however, that any holder of such lien or mortgage agrees not to disturb the use and occupancy of the Premises in accordance with the terms of this Lease upon any foreclosure.
Notwithstanding the foregoing, any mortgagee may at any time subordinate its mortgage to this Lease, without Tenant’s consent, by giving notice in writing to Tenant and thereupon this Lease shall be deemed prior to such mortgage without regard
to their respective dates of execution and delivery. In that event such mortgagee shall have the same rights with respect to this Lease as though this Lease had been executed prior to the execution and delivery of the mortgage and had been assigned
to such mortgagee. Landlord represents and warrants to Tenant that there are no ground leases or mortgages affecting the Property or the Premises except for the mortgage of Bank of America, N.A. (“Mortgage Lender”). Simultaneously with the
execution of this Lease, Landlord and Tenant shall execute the SNDA and Landlord shall use reasonable efforts and shall diligently pursue obtaining the Mortgage Lender’s signature to the SNDA; the form of the SNDA being previously approved by
the Mortgage Lender. 
 27.   Curing Tenant’s Defaults. If Tenant defaults in the performance of any of its
obligations under this Lease and fails to cure same with any applicable cure period, Landlord may, without any obligation to do so and in addition to any other rights it may have in law or equity, elect to cure such default on behalf of Tenant after
providing at least ten (10) days’ written notice (except in the case of emergency) to Tenant; provided, if the nature of Tenant’s failure is such that more than ten (10) days are reasonably required in order to cure, Tenant shall
not be in default if Tenant commences to cure such failure within such ten (10) day period, and thereafter diligently works to cure such failure to completion. Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by
Landlord in curing such default, which sums and costs together with interest thereon shall be deemed Additional Rent payable within fifteen (15) days of demand. 

28.   Surrender. 

a.        At the expiration of the Term or earlier termination of this Lease, Tenant shall promptly
yield up the Premises and all improvements, alterations and additions thereto, and all fixtures and equipment servicing the Premises in a condition which is clean of garbage and debris and broom clean and in the same condition, order and repair in
which they are required to be kept throughout the Term, ordinary wear and tear and damage by fire or other casualty excepted. 

b.        If Tenant, or any person claiming through Tenant, continues to occupy the Premises after the
expiration of the Term or earlier termination of this Lease or any renewal thereof without prior written consent of Landlord, (i) the tenancy under this Lease shall become a tenancy from month-to-month, terminable by Landlord or Tenant on
thirty (30) days prior notice to the other party, under the same terms and conditions set forth in this Lease; (ii) the Fixed Basic Rent during such continued occupancy shall be one hundred fifty percent (150%) of the Fixed Basic Rent
for the last year of the Term; and (iii) Tenant shall indemnify Landlord for any actual and documented loss or damage incurred by reason of Tenant’s failure to surrender the Premises. Anything to the contrary notwithstanding, any holding
over by Tenant without Landlord’s prior written consent shall constitute an Event of Default under this Lease and shall be subject to all the remedies set forth in Section 29(b) of this Lease. 

 29.   Defaults-Remedies. 

a.        Defaults. It shall be an Event of Default under this Lease if any one
or more of the following events occurs (each, an “Event of Default”): 
 i.        Tenant
fails to pay in full, within five (5) days after the date when due, any and all installments of Fixed Basic Rent or Additional Rent or any other charges or payments due and payable under this Lease whether or not herein included as rent;
provided, however, that Tenant shall have the right to written notice of such failure limited to a maximum of two (2) times during each calendar year of the term of this Lease. 

ii.       Tenant violates or fails to perform or otherwise breaches any agreement, term, covenant or
condition contained in this Lease for more than thirty (30) days after receipt of written notice thereof from Landlord specifically describing such violation or failure and such additional time as reasonably necessary to cure if Tenant has
commenced to cure within such thirty (30) day period. 
 iii.      Tenant becomes insolvent or bankrupt
in any sense or makes an assignment for the benefit of creditors or if a petition in bankruptcy or for reorganization or for an arrangement with creditors under any federal or state law is filed by or against Tenant, or a bill in equity or other
proceeding for the appointment of a receiver or similar official for any of Tenant’s assets is commenced, or if any of the real or personal property of Tenant shall be levied upon by any sheriff, marshal or constable; provided, however, that
any proceeding brought by anyone other than the parties to this Lease under any bankruptcy, reorganization arrangement, insolvency, readjustment, receivership or similar law shall not constitute an Event of Default until such proceeding, decree,
judgment or order has continued unstayed for more than sixty (60) consecutive days. 

b.        Remedies. Upon the occurrence of an Event of Default under this Lease,
Landlord shall have all of the following rights: 
 i.        Landlord may charge a late payment
charge in accordance with Section 9. If Landlord incurs a late charge in connection with any payment which Tenant has failed to make within the times required in this Lease, Tenant shall pay Landlord, in addition to such payment due, the full
amount of such late charge incurred by Landlord. Nothing in this Lease shall be construed as waiving any rights of Landlord arising out of any default of Tenant, by reason of Landlord’s imposing or accepting any such late charge(s) and/or
interest; the right to collect such late charge(s) and/or interest is separate and apart from any rights relating to remedies of Landlord after default by Tenant including, without limitation, the rights and remedies of Landlord provided herein.

 ii.       Landlord shall be entitled to damages computed in accordance with Section 29(c) below.

 iii.      Subject to compliance with applicable law, Landlord may re-enter the Premises and, at the option
of Landlord, remove all persons and all or any property therefrom, either by self help or by summary dispossess proceedings or by any suitable action or proceeding at law or by force or otherwise, without being liable for prosecution or damages
therefor, and Landlord may repossess and enjoy the Premises. Upon recovering possession of the Premises by reason of or based upon or arising out of a default on the part of Tenant, Landlord may, at Landlord’s option, either terminate this
Lease or make such alterations and repairs as may be necessary, as reasonably 

 
determined by Landlord, in order to relet the Premises and may relet the Premises or any part or parts thereof, either in Landlord’s name or otherwise, for a term or terms which may, at
Landlord’s option, be less than or exceed the period which would otherwise have constituted the balance of the Term and at such rent or rents and upon such other terms and conditions as in Landlord’s sole discretion may seem advisable and
to such person or persons as may in Landlord’s discretion seem best; upon each such reletting all rents received by Landlord from such reletting shall be applied as follows: first, to the payment of any reasonable costs and expenses of such
reletting, including all costs of alterations and repairs; second, to the payment of any indebtedness other than Fixed Basic Rent, Additional Rent or other charges due hereunder from Tenant to Landlord; third, to the payment of Fixed Basic Rent,
Additional Rent and other charges due and unpaid hereunder; and the residue, if any, shall be held by Landlord and applied in payment of future rent as it may become due and payable hereunder. If rentals received from reletting during any month are
less than that to be paid during that month by Tenant, Tenant shall pay any such deficiency to Landlord. Such deficiency shall be calculated and paid monthly. No such re-entry or taking possession of the Premises or the making of alterations or
improvements thereto or the reletting thereof shall be construed as an election on the part of Landlord to terminate this Lease unless written notice of termination is given to Tenant. Landlord shall in no event be liable in any way whatsoever for
failure to relet the Premises or, in the event that the Premises or any part or parts thereof are relet, for failure to collect the rent thereof under such reletting. Notwithstanding any such reletting without termination, Landlord may at any time
thereafter elect to terminate this Lease for such previous breach. 
 iv.      Landlord may terminate this
Lease and the Term without any right on the part of Tenant to waive the forfeiture by payment of any sum due or by other performance of any condition, term or covenant broken. 

v.       CONFESSION OF JUDGMENT FOR POSSESSION. UPON THE OCCURRENCE OF AN EVENT OF DEFAULT OR UPON
THE EXPIRATION OR TERMINATION OF THE TERM OF THIS LEASE, AND UPON AT LEAST TEN (10) DAYS’ WRITTEN NOTICE TO TENANT OF LANDLORD’S INTENTION TO EXERCISE THE RIGHTS SET FORTH IN THIS SECTION 29(B)(V), FOR THE PURPOSE OF OBTAINING
POSSESSION OF THE PREMISES, TENANT HEREBY AUTHORIZES AND EMPOWERS THE PROTHONOTARY OR ANY ATTORNEY OF ANY COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVANIA OR ELSEWHERE, AS ATTORNEY FOR TENANT AND ALL PERSONS CLAIMING UNDER OR THROUGH TENANT, TO
APPEAR FOR AND CONFESS JUDGMENT AGAINST TENANT FOR POSSESSION OF THE PREMISES, AND AGAINST ALL PERSONS CLAIMING UNDER OR THROUGH TENANT, IN FAVOR OF LANDLORD, FOR RECOVERY BY LANDLORD OF POSSESSION THEREOF, FOR WHICH THIS AGREEMENT OR A COPY HEREOF
VERIFIED BY AFFIDAVIT, SHALL BE A SUFFICIENT WARRANT; AND THEREUPON A WRIT OF POSSESSION MAY IMMEDIATELY ISSUE FOR POSSESSION OF THE PREMISES, WITHOUT ANY PRIOR WRIT OR PROCEEDING WHATSOEVER AND WITHOUT ANY STAY OF EXECUTION. IF FOR ANY REASON AFTER
SUCH ACTION HAS BEEN COMMENCED THE SAME SHALL BE TERMINATED AND THE POSSESSION OF THE PREMISES REMAINS IN OR IS RESTORED TO TENANT, LANDLORD SHALL HAVE THE RIGHT UPON THE OCCURRENCE OF ANY SUBSEQUENT EVENT OF DEFAULT AND UPON AT LEAST TEN
(10) DAYS’ WRITTEN NOTICE TO TENANT OF LANDLORD’S INTENTION TO 

 
EXERCISE THE RIGHTS SET FORTH IN THIS SECTION 29(B)(V)TO CONFESS JUDGMENT IN ONE OR MORE FURTHER ACTIONS IN THE MANNER AND FORM SET FORTH ABOVE TO RECOVER POSSESSION OF SAID PREMISES FOR SUCH
SUBSEQUENT DEFAULT. TENANT WAIVES ALL ERRORS IN CONNECTION WITH ANY SUCH CONFESSION OF JUDGMENT. NO SUCH TERMINATION OF THIS LEASE, NOR TAKING, NOR RECOVERING POSSESSION OF THE PREMISES SHALL DEPRIVE LANDLORD OF ANY REMEDIES OR ACTION AGAINST TENANT
FOR MINIMUM RENT, ADDITIONAL RENT OR FOR OTHER SUMS DUE HEREUNDER OR FOR DAMAGES DUE OR TO BECOME DUE FOR THE BREACH OF ANY CONDITION OR COVENANT HEREIN CONTAINED, NOR SHALL THE BRINGING OF ANY SUCH ACTION FOR RENT AND/OR OTHER SUMS DUE HEREUNDER,
OR BREACH OF COVENANT OR CONDITION NOR THE RESORT TO ANY OTHER REMEDY HEREIN PROVIDED FOR THE RECOVERY OF RENT AND/OR OTHER SUMS DUE HEREUNDER OR DAMAGES FOR SUCH BREACH BE CONSTRUED AS A WAIVER OF THE RIGHT TO INSIST UPON THE FORFEITURE AND TO
OBTAIN POSSESSION IN THE MANNER HEREIN PROVIDED. 
 c.       Damages. 

i.        Without Termination. If Landlord shall not elect to terminate this Lease pursuant to
Section 29(b)(iv) above, notwithstanding reentry upon the Premises by Landlord and in addition to and without limiting Landlord’s right to other damages upon the occurrence of an Event of Default, Tenant shall be and remain liable to
Landlord in an amount computed as follows (the “Accelerated Rent Component”): (a) an amount equal to the sum of all Rent then in arrears plus the aggregate of all Rent which is payable under this Lease for the balance of the Term,
computed as if no Event of Default had occurred and any reentry had not been made (including, without limitation, Tenant’s Proportionate Share of Real Estate Taxes and Operating Expenses which would be owing for the remainder of the Term, as
reasonably estimated by Landlord), discounted to present value on the date of payment using the rate of Interest; plus (b) all reasonable costs and expenses incurred by Landlord in connection with the Event of Default and any reletting of the
Premises, including, without limitation, (i) reasonable costs of reentry, repair and renovation, (ii) the value of all inducements granted or paid to new tenants of the Premises in connection with reletting including, without limitation,
construction allowances and the value of rent-free periods, (iii) brokers’ commissions and advertising expenses, (iv) watchman’s wages and any sheriffs, marshall’s, constable’s or other officials’ commissions,
whether chargeable to Landlord or Tenant, and (v) reasonable attorneys’ fees, costs and expenses; plus (c) Interest accrued on the aggregate of the aforesaid sums from the date each was payable (or, with respect to sums owing under
clause (b) from the date each was incurred by Landlord) until paid by Tenant (whether before or after judgment); which sum shall be credited with (d) all rentals actually received by Landlord during the remainder of the Term from any
replacement tenant to which the Premises are relet. 
 ii.       With Termination. If Landlord
shall elect to terminate this Lease notwithstanding reentry upon the Premises by Landlord upon the occurrence of an Event of Default Tenant shall be and remain liable to Landlord in an amount computed as follows: (a) an amount equal to the sum
of all Rent then in arrears plus the aggregate of all Rent which is payable under this Lease for the balance of the Term, computed as if no Event of Default had occurred and any reentry had not 

 
been made (including, without limitation, Tenant’s Proportionate Share of Real Estate Taxes and Operating Expenses which would be owing for the remainder of the Term, as reasonably estimated
by Landlord), discounted to present value on the date of payment using the rate of Interest; plus (b) all reasonable costs and expenses incurred by Landlord in connection with the Event of Default and any reletting of the Premises, including,
without limitation, (i) reasonable costs of reentry, repair and renovation, (ii) the value of all inducements granted or paid to new tenants of the Premises in connection with reletting including, without limitation, construction
allowances and the value of rent-free periods, (iii) brokers’ commissions and advertising expenses, (iv) watchman’s wages and any sheriffs, marshall’s, constable’s or other officials’ commissions, whether
chargeable to Landlord or Tenant, and (v) reasonable attorneys’ fees, costs and expenses; plus (c) Interest accrued on the aggregate of the aforesaid sums from the date each was payable (or, with respect to sums owing under clause
(b) from the date each was incurred by Landlord) until paid by Tenant (whether before or after judgment) against which sum Tenant shall be credited with (d) the value of the fair rental value of the Premises. 

d.        Waiver of Jury Trial; Attorneys Fees. IT IS MUTUALLY AGREED BY AND
BETWEEN LANDLORD AND TENANT THAT (A) THEY HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTER-CLAIM BROUGHT BY EITHER OF THE PARTIES 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 CLAIM OF INJURY OR DAMAGE, AND (B) IN ANY ACTION ARISING HEREUNDER, THE ATTORNEYS’ FEES AND COSTS OF THE PREVAILING PARTY WILL BE PAID BY THE
OTHER PARTY TO THE ACTION. 
 e.        Rights and Remedies Cumulative. No
right or remedy herein conferred upon or reserved to Landlord is intended to be exclusive of any other right or remedy provided herein or by law, but each shall be cumulative and in addition to every other right or remedy given herein or now or
hereafter existing at law or in equity or by statute. Landlord shall have a duty to mitigate its damages in the event of Tenant’s default under this Lease. 

30.   Brokers’ Commission. Landlord and Tenant represent and warrant to each other that the
Brokers (as defined in the Preamble) are the sole brokers with whom Landlord and Tenant have negotiated in bringing about this Lease and Landlord and Tenant agree to indemnify and hold each other harmless from any and all claims of other brokers and
expenses in connection therewith arising out of or in connection with the negotiation of or the entering into this Lease by Landlord and Tenant. In no event shall Landlord’s mortgagee(s) have any obligation to any broker involved in this
transaction. 
 31.   Notices. All notices, demands, requests, consents, certificates, and
waivers required or permitted hereunder from either party to the other shall be in writing and sent by United States certified mail, return receipt requested, postage prepaid, or by recognized overnight courier, addressed as follows: 

If to Tenant: 
 Prior to the
Commencement Date: 
 Financial Transaction Services, LLC 

380 Southpointe Boulevard 
 Plaza
2, Suite 200 
 Canonsburg, PA 15317 

Attention: Chief Executive Officer 

 After the Commencement Date 

At the Premises 
 Attention:
Chief Executive Officer 
 with a copy to: 

Blaine A. Lamperski, Esquire 

Cohen & Grigsby, P.C. 

625 Liberty Avenue 
 Pittsburgh,
PA 15222-3152 
 If to Landlord: 

Continental Square Associates, L.P. 

c/o BPG Properties, Ltd. 

Attention: Stephen Spaeder 
 770
Township Line Road 
 Suite 150 

Yardley, PA 19067 
 with a copy
to: 
 Matthew J. Swett, Esquire 

Pepper Hamilton LLP 
 3000 Two
Logan Square 
 Eighteenth and Arch Streets 

Philadelphia, PA 19103 
 Either party may at any
time, in the manner set forth for giving notices to the other, specify a different address to which notices to it shall thereafter be sent. All notices shall be effective upon receipt or rejection of receipt by the addressee. Notices from Landlord
may be given by Landlord or by Landlord’s agent or attorney. 
 32.    Inability to Perform. If
Landlord or Tenant are delayed or prevented from performing any of their respective obligations under this Lease by reason of strike, labor troubles, acts of war, terrorism, bioterrorism or any cause whatsoever beyond Landlord’s or
Tenant’s reasonable control, the period of such delay or such prevention shall be deemed added to the time herein provided for the performance of any such obligation by Landlord or Tenant, as applicable. 

33.    Survival. Notwithstanding anything to the contrary contained in this Lease, the expiration of the
Term, whether by lapse of time or otherwise, shall not relieve Landlord or Tenant from its respective obligations accruing prior to the expiration of the Term (including, without limitation, any indemnity obligations). 

 34.    Corporate Tenants. The person(s) executing this Lease on
behalf of Tenant hereby covenant(s) and warrant(s) that: Tenant is a duly formed limited liability company qualified to do business in the state in which the Property is located; Tenant will remain qualified to do business in said state throughout
the Term and any renewals thereof; and such persons are duly authorized by such limited liability company to execute and deliver this Lease on behalf of the limited liability company. Tenant hereby represents and warrants to Landlord that
Tenant’s most recent financial statements delivered to Landlord in connection with the execution of this Lease are true in all material respects and no material adverse changes have occurred with respect thereto. 

35.    Waiver of Invalidity of Lease. Each party agrees that it will not raise or assert as a defense to any
obligation under the Lease or make any claim that the Lease is invalid or unenforceable due to any failure of this document to comply with ministerial requirements including, without limitation, requirements for corporate seals, attestations,
witnesses, notarizations or other similar requirements and each party hereby waives the right to assert any such defenses or make any claim of invalidity or unenforceability due to any of the foregoing. 

36.    Letter of Credit. At the time of Tenant’s execution of this Lease, Tenant shall deposit the
Letter of Credit with Landlord. Landlord shall hold the Letter of Credit as security for the full performance by Tenant of all terms, covenants and conditions of this Lease. Upon the occurrence of an Event of Default by Tenant involving the failure
to pay money, Landlord may draw upon the Letter of Credit in the amount owed by Tenant. If at any time during the Term, Landlord draws against the Letter of Credit in whole or in part in order to cure an Event of Default, Tenant shall within five
(5) business days after demand by Landlord tender to Landlord a replacement Letter of Credit in the full amount required hereunder. If the Term is then continuing, and Landlord has received notice from the banking institution issuing the Letter
of Credit that the Letter of Credit will not be renewed, Tenant shall deliver to Landlord a replacement Letter of Credit no later than ten (10) days after Landlord’s receipt of such notice. If Tenant shall fail to timely deliver a
replacement Letter of Credit as aforesaid, then Landlord shall be entitled to draw immediately under the Letter of Credit in Landlord’s possession, and shall hold the funds so drawn as a cash security deposit. 

b.        Provided Tenant is not then in default or breach under this Lease and beginning on the first
and each successive annual anniversary of the Commencement Date, Tenant shall have the right to decrease the amount of the Letter of Credit then held by Landlord by One Hundred Thousand Dollars ($100,000.00) on each such date; provided, however, in
no event may the Letter of Credit be reduced to less than Fifty Thousand Dollars ($50,000.00) during the Term. In the event Tenant is then in default and Tenant subsequently cures the default prior to the expiration of the applicable cure period,
the reduction in the amount of the Letter of Credit shall take place when the default is cured; provided, however, notwithstanding the foregoing to the contrary, if Tenant has been in default more than once during any calendar year prior to the
scheduled date of reduction in the amount of the Letter of Credit, then Tenant shall not be entitled to the foregoing reduction in the amount of the Letter of Credit. 

 37.    Estoppel Certificate. Tenant shall from time to time,
within ten (10) days after Landlord’s request or that of any mortgagee of Landlord, execute, acknowledge and deliver to Landlord a written instrument in recordable form, substantially in the form attached hereto as Exhibit G (the
“Tenant Estoppel Certificate”). 
 38.    Rights Reserved by Landlord. Landlord waives no
rights, except those that may be specifically waived herein, and explicitly retains all other rights including, without limitation, the following rights, each of which Landlord may exercise without notice to Tenant (except as otherwise set forth
below) and without liability to Tenant for damage or injury to property, person or business on account of the exercise thereof, and the exercise of any such rights shall not be deemed to constitute an eviction or disturbance of Tenant’s use or
possession of the Premises and shall not give rise to any claim for set-off or abatement of Rent or any other claim: 

a.        To change the name or street address of the Building upon notice to Tenant; 

b.        The exclusive right to use the name of the Building for all purposes, except that Tenant may
use the name on its business address and for no other purpose; 
 c.        To install, affix and
maintain any and all signs on the exterior and on the interior of the Building or the Property; 

d.        To decorate or to make repairs, alterations, additions, or improvements, whether structural
or otherwise, in and about the Building, or any part thereof, and for such purposes to enter upon the Premises and during the continuance of any of such work, to temporarily close doors, entry ways, public space and corridors in the Building and to
interrupt or temporarily suspend services or use of Common Facilities, all without affecting any of Tenant’s obligations hereunder, so long as Landlord provides prior notice to Tenant, the Premises are reasonably accessible and usable, Landlord
does not unreasonably interfere with Tenant’s conduct of its business in the Premises; 

e.        To furnish door keys for the entry door(s) in the Premises on the Commencement Date and to
retain at all times, and to use in appropriate instances as permitted under this Lease, keys to all doors within and into the Premises. Upon the expiration of the Term or Tenant’s right to possession, Tenant shall return all keys to Landlord
and shall disclose to Landlord the combination of any safes, cabinets or vaults left in the Premises; 

f.        To designate and approve all window coverings used in the Building; 

g.        To approve the weight, size and location of safes, vaults and other heavy equipment and
articles in and about the Premises and the Building so as not to exceed the legal load per square foot designated by the structural engineers for the Building, and to require all such items and furniture and similar items to be moved into or out of
the Building and Premises only at such times, in such manner and upon such reasonable terms as Landlord shall direct in writing; 

h.        To regulate delivery of supplies and the usage of the loading docks, receiving areas and
freight elevators; 

 i.        To erect, use and maintain pipes, ducts, wiring
and conduits, and appurtenances thereto, in and through the Premises Landlord does not unreasonably interfere with Tenant’s conduct of its business in the Premises; 

j.        To grant to any person or to reserve unto itself the exclusive right to conduct any business
or render any service in the Building or on the Property, provided Landlord complies with the terms of this Lease; 

k.        Upon notice to Tenant, to alter the layout, design and/or use of the Building in such manner
as Landlord, in its sole discretion, deems appropriate, so long as the character of the Building as a first class office building is maintained and Landlord complies with the terms of this Lease; 

l.        The exclusive right to use or dispose of the use of the roof of the Building (except as
otherwise set forth herein); and 
 m.      During the last six (6) months of the Term of this Lease, if
during or prior to that time Tenant has vacated the Premises, to decorate, remodel, repair, alter or otherwise prepare the Premises for reoccupancy, without affecting Tenant’s obligation to pay Rent for the Premises and without unreasonably
interfering with Tenant’s conduct of its business in the Premises. 
 39.   Miscellaneous. 

a.        Irrevocable Offer and Required Approval. The submission of this Lease for examination
does not constitute an offer to lease, or a reservation of or option for the Premises, and this Lease becomes effective only upon execution and delivery thereof by both Landlord and Tenant. 

b.        Non Waiver. The failure of either party hereto in any one or more instances to insist
upon the strict performance of any one or more of the agreements, terms, covenants, conditions or obligations of this Lease, or to exercise any right, remedy or election herein contained, shall not be construed as a waiver or relinquishment of the
right to insist upon such performance or exercise in the future, and such right shall continue and remain in full force and effect with respect to any subsequent breach, act or omission. 

c.        Partial Payment. No payment by Tenant or receipt by Landlord of a lesser amount than
the correct Fixed Basic Rent or Additional Rent due hereunder shall be deemed to be other than a payment on account, nor shall any endorsement or statement on any check or any letter accompanying any check or payment be deemed to effect or evidence
an accord and satisfaction and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance or pursue any other remedy in this Lease or at law provided. 

d.        Entire Agreement. This Lease, together with the Exhibits referenced herein,
constitutes the entire agreement between the parties relating to the subject matter contained herein. Neither party hereto has made any representations or promises to the other except as expressly contained herein. This Lease supersedes all prior
negotiations, request for proposals, agreements, informational brochures, letters, promotional information and other statements and materials made or furnished by Landlord or its agents. No rights, easements or licenses are acquired in the Property
or in any land adjacent thereto, by Tenant by implication or otherwise, except as expressly set forth in this Lease. No agreement hereinafter made shall be effective to change, 

 
modify, discharge or effect an abandonment of this Lease, in whole or in part, unless such agreement is in writing and signed by the party against whom enforcement of the change, modification,
discharge or abandonment is sought. 
 e.        Intentionally Omitted. 

f.        Partial Invalidity. If any of the provisions of this Lease, or the application
thereof to any person or circumstances, shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such provision or provisions to persons or circumstances other than those as to whom or which it is held
invalid or unenforceable, shall not be affected thereby, and every provision of this Lease shall be valid and enforceable to the fullest extent permitted by law. 

g.        Choice of Law. This Lease has been executed and delivered in the Commonwealth of
Pennsylvania and shall be construed in accordance with the laws of the Commonwealth of Pennsylvania. Any action brought to enforce or interpret this Lease shall be brought in the court of appropriate jurisdiction in the county in which the Building
is located. Should any provision of this Lease require judicial interpretation, it is agreed that the court interpreting or considering same shall not apply the presumption that the terms hereof shall be more strictly construed against a party by
reason of the rule or conclusion that a document should be construed more strictly against the party who itself or through its agent prepared the same. It is agreed and stipulated that all parties hereto have participated equally in the preparation
of this Lease and that legal counsel was consulted by each responsible party before the execution of this Lease. 

h.        No Recordation. This Lease shall not be recorded in whole or in memorandum form by
either party hereto without the prior written consent of the other. 
 i.        Receipt of
Money. No receipt of money by Landlord from Tenant after the termination of this Lease or after the service of any notice or after the commencement of any suit, or after final judgment for the possession of the Premises, shall reinstate,
continue or extend the term of this Lease or affect any such notice, demand or suit or imply consent for any action for which Landlord’s consent is required. 

j.        No Joint Venture. This Lease shall create only the relationship of Landlord and
Tenant between Landlord and Tenant and no estate shall pass out of Landlord. Nothing herein is intended to be construed as creating a joint venture or partnership relationship between the parties hereto. 

k.        No Third Party Beneficiaries. Notwithstanding anything to the contrary contained
herein, no provision of this Lease is intended to benefit any party other than the signatories hereto and their permitted heirs, personal representatives, successors and assigns, and no provision of this Lease shall be enforceable by any other
party. 
 l.        Exhibits. All exhibits referred to in this Lease are attached hereto and
shall be deemed an integral part hereof. 
 m.      Captions. The captions included in this Lease,
whether for sections, subsections, paragraphs, Table of Contents, Exhibits, or otherwise, are inserted and included solely for convenience and shall not be considered or given any effect in construing the provisions hereof, and are not to be used in
interpreting this Lease or for any other purpose in the event of any controversy. 

 n.        Representations. Landlord has made no
representation, agreement, condition, warranty, understanding, or promise, either oral or written, other than as set forth herein, with respect to the Lease, the Property, the Premises, or otherwise. 

o.        Gender; Plural Terms; Persons. The masculine, feminine, or neuter pronoun shall each
include the masculine, feminine, and neuter genders. A reference to person shall mean a natural person, a trustee, a corporation, a partnership and any other form of legal entity. All references (including pronouns) in the singular or plural number
shall be deemed to have been made, respectively, in the plural or singular number as well, as the context may require. 

p.        Time. Time is of the essence of this Lease with respect to the performance by Tenant
and Landlord of all of their respective obligations hereunder, including, without limitation, the obligations set forth in the Work Letter. 

q.        Light and Air. No diminution or shutting off of any light, air or view by any
structure now or hereafter erected shall in any manner affect this Lease or the obligations of Tenant hereunder, or increase any of the obligations of Landlord hereunder. 

40.   OFAC. Tenant represents, warrants and covenants that neither Tenant nor any of its officers
or directors (i) is listed on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg.
49079 (Sept. 25, 2001) (“Order”) and all applicable provisions of Title III of the USA Patriot Act (Public Law No. 107-56 (October 26, 2001)); (ii) is listed on the Denied Persons List and Entity List maintained by the United
States Department of Commerce; (iii) is listed on the Foreign Terrorist Organization List and Terrorist Exclusion List maintained by the United States Department of State; (iv) is listed on any other publicly available list of terrorists,
terrorist organizations or narcotics traffickers maintained by the United States Department of State, the United States Department of Commerce or any other governmental authority or pursuant to the Order, the rules and regulations of OFAC (including
without limitation the Trading with the Enemy Act, 50 U.S.C. App. 1-44; the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06; the unrepealed provision of the Iraq Sanctions Act, Publ.L. No. 101-513; the United Nations
Participation Act, 22 U.S.C. § 2349 as-9; The Cuban Democracy Act, 22 U.S.C. §§ 6001-10; The Cuban Liberty and Democratic Solidarity Act, 18 U.S.C. §§ 2332d and 233; and The Foreign Narcotic Kingpin Designation Act, Publ. L.
No. 106-120 and 107-108, all as may be amended from time to time); or any other applicable requirements contained in any enabling legislation or other Executive Orders in respect of the Order (the Order and such other rules, regulations,
legislation or orders are collectively called the “Orders”); (v) is engaged in activities prohibited in the Orders; or (vi) has been convicted, pleaded nolo contendere, indicted, arraigned or custodially detained on charges
involving money laundering or predicate crimes to money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes or in connection with the Bank Secrecy Act (31
U.S.C. §§ 5311 et. seq.). Tenant hereby agrees to defend, indemnify, and hold harmless Landlord from and against any and all claims, damages, losses, risks, liabilities, and expenses (including reasonable attorney’s fees and costs)
arising from or related to any breach of the foregoing representation, warranty and covenant. 

 41.   Additional Definitions. 

a.        “Date of this Lease” or “date of this Lease” shall mean the date of
acceptance and execution of this Lease by Landlord, following execution and delivery thereof to Landlord by Tenant and that date shall be inserted in the space provided in the Preamble. 

b.        “Landlord” as used in this Lease includes Landlord named above as well as its
successors and assigns, each of whom shall have the same rights, remedies, powers, authorities and privileges as it would have had it originally signed this lease as Landlord. Any such person, whether or not named herein, shall have no liability
hereunder after ceasing to hold title to the Property. Neither Landlord nor any principal of Landlord nor any owner of the Building or the Property, whether disclosed or undisclosed, shall have any personal liability with respect to any of the
provisions of this Lease, the Premises or the Property, and if Landlord is in breach or default with respect to Landlord’s obligations under this Lease or otherwise, Tenant shall look solely to the equity of Landlord in the Premises for the
satisfaction of Tenant’s remedies. 
 c.        “Tenant” as used in this Lease
includes Tenant named above as well as its successors and assigns, each of which shall be under the same obligations, liabilities and disabilities and each of which shall have the same rights, privileges and powers as it would have possessed had it
originally signed this Lease as Tenant. Each and every person named above as Tenant shall be bound jointly and severally by the terms, covenants and agreements contained herein. However, no such rights, privileges or powers shall inure to the
benefit of any assignee of Tenant, immediate or remote, unless the assignment to such assignee is permitted or has been approved in writing by Landlord. Any notice required or permitted by the terms of this Lease may be given by or to any one of the
persons named above as Tenant, and shall have the same force and effect as if given by or to all of them. 

d.        “Mortgage” and “mortgage” as used in this Lease includes any lien or
encumbrance on the Premises, the Building or the Property or on any part of or interest in or appurtenance to any of the foregoing, including without limitation any ground rent or ground lease if Landlord’s interest is or becomes a leasehold
estate. The words “mortgagee” and “Mortgagee” are used herein to include the holder of any mortgage, including any ground Landlord if Landlord’s interest is or becomes a leasehold estate. Wherever any right is given to a
mortgagee, that right may be exercised on behalf of such mortgagee by any representative or servicing agent of such mortgagee. 

e.        “Person” as used in this Lease includes a natural person, a partnership, a
corporation, an association, and any other form of business association or entity. 

f.        “Rent” or “rent” as used in this Lease shall mean all Fixed Basic Rent
and Additional Rent and any other rent or other sums due from Tenant under this Lease. 
 42.   Right of First
Offer. Tenant shall have a right of first offer (“Right of Offer”) to lease any additional space on the sixth (6th) floor of the Building which becomes available during the first seven (7) Lease Years of the original
Term of this Lease, subject to the existing rights of other 

 
tenants pursuant to leases dated before the date of this Lease (and subject to Landlord’s right to renew or extend leases for existing tenants beyond their final lease term),
(“Additional Space”), provided however that Tenant shall have no Right of Offer with respect to any Additional Space while any Event of Default exists and is continuing under this Lease. Landlord agrees to retain the right of relocation in
any future leases to any tenants of the sixth (6th) floor. Landlord shall provide notice (“Notice of Availability”) to Tenant that such Additional Space is available and the terms
upon which Landlord is willing to lease such space to Tenant and Tenant shall have ten (10) business days in order to notify Landlord that it elects to exercise its rights hereunder and expand the Premises to include the Additional Space. If
Tenant elects not to expand into such Additional Space or fails to accept or reject such Additional Space within the ten (10) business day period, then Landlord may proceed to lease such space to any third party. If Landlord elects to lease the
Additional Space at a rental rate which is less than eighty five percent (85%) of the rate originally quoted to Tenant, Landlord shall first re-offer the Additional Space to Tenant at the new offering rate in accordance with the terms of this
Section 42. If Tenant does not exercise its right to lease the Additional Space and Landlord leases the Additional Space to a third-party tenant, then Tenant’s Right of Offer with respect to the Additional Space shall be terminated. In any
case, if Tenant accepts the Additional Space, the Additional Space shall be added to the Premises by amendment to this Lease. All of the terms and conditions of this Lease will apply to any Additional Space leased by Tenant provided, however the
rate of Fixed Basic Rent with respect to the Additional Space shall be Market Rent determined as provided in Section 43 below, with Landlord’s initial determination of Rent to be set forth in Landlord’s Notice of Availability
(adjusted if necessary to reflect changes in term, tenant improvement costs and inducements from that offered in Landlord’s Notice of Availability), provided, however that if Tenant exercises its Right of Offer with respect to any Additional
Space during the first Lease Year of the Term, then the Fixed Basic Rent with respect to the Additional Space shall be at the then existing escalated rental rate for the Premises together with a prorated Improvement Allowance to account for the
shorter term with respect to the Additional Space. Landlord will have no liability to Tenant if any tenant of the Additional Space wrongfully holds over. In the event such tenant wrongfully holds over, Landlord will diligently work in good faith to
cause such tenant to vacate the Additional Space and no Rent for the Additional Space shall be due from Tenant during such wrongful holdover. 

43.   Renewal Option. Tenant is hereby granted two (2) options (each a “Renewal Option”) to renew this
Lease for a period of five (5) years each (each a “Renewal Term”) upon the following terms and conditions: 

a.  Notice of the exercise of a Renewal Option shall be sent to the Landlord in writing at least nine (9) months before the
expiration of the Term or in the case of the second Renewal Term, the first Renewal Term. 
 b.  The first Renewal Term shall
commence at the expiration of the Term. The second Renewal Term shall commence at the expiration of the first Renewal Term. A failure to exercise the Renewal Option for the first Renewal Term shall be deemed a waiver of the right to exercise the
Renewal Option for the second Renewal Term. All of the terms and conditions of this Lease, other than the Fixed Basic Rent, shall apply during each Renewal Term. 

 c.  If Tenant elects to exercise a Renewal Option to extend the term of this Lease in
accordance with this Section 43, Fixed Basic Rent for the applicable Renewal Term shall be 95% of the fair market rent then being charged in first class office buildings in suburban Philadelphia which are comparable to the Building, taking into
account the length of term, tenant improvements or other concessions, and all relevant factors (“Market Rent”). If Tenant elects to exercise a Renewal Option, then Landlord, within fifteen (15) days of such election shall advise
Tenant of the Fixed Basic Rent it desires to charge. During the period (the “Analysis Period”) beginning on the date of Tenant’s receipt of Landlord’s determination of Fixed Basic Rent and ending thirty (30) days thereafter,
Tenant shall have the right to consider the Fixed Basic Rent determined by Landlord and elect by written notice to Landlord one of the following three alternatives: 

i.        determine not to proceed with such renewal; 

ii.       accept Landlord’s determination of the Fixed Basic Rent, in which event Landlord’s
determination shall be deemed to be Market Rent; or 
 iii.      elect to proceed with such renewal election
and submit the determination of Fixed Basic Rent to binding arbitration as discussed below. 
 In the event Tenant elects to submit the determination of the
rate of Fixed Basic Rent to binding arbitration then Tenant at Tenant’s sole cost and expense, shall employ the services of an appraiser familiar with office buildings located within the metropolitan Philadelphia, Pennsylvania area comparable
to the Building, who shall be a member of MAI and who shall render an appraisal of Market Rent for the Premises. If the Landlord and the Tenant’s appraiser cannot agree on the Market Rent, Landlord shall employ the services of an appraiser
familiar with office buildings located with the metropolitan Philadelphia, Pennsylvania area comparable to the Building who shall be a member of MAI and who shall render an appraisal of Market Rent for the Premises. If the two appraisers cannot
agree on the Market Rent, or in such case, on an independent appraiser acceptable to both, either Landlord or Tenant may request the American Arbitration Association to appoint such independent appraiser who shall be a member of MAI familiar with
office buildings in the area of the Building who shall render an appraisal of Market Rent for the Premises, and in such event the judgment of a majority of the three appraisers shall be final and binding upon the parties. The parties shall share
equally in the cost of any such independent appraiser. Pending resolution of the issue of Market Rent, Tenant shall pay the Landlord as of commencement of the applicable Renewal Term, the Fixed Basic Rent as established by Landlord, subject to
retroactive adjustment upon final determination of this issue. 
 44.   TENANT WAIVER. TENANT SPECIFICALLY
ACKNOWLEDGES THAT TENANT HAS VOLUNTARILY, KNOWINGLY AND INTELLIGENTLY WAIVED CERTAIN DUE PROCESS RIGHTS TO A PREJUDGMENT HEARING BY (TENANT INITIALS) AGREEING TO THE TERMS REGARDING CONFESSION OF JUDGMENT AS PROVIDED IN SECTION 29(b) ABOVE. TENANT
FURTHER SPECIFICALLY AGREES THAT IN THE EVENT OF DEFAULT, LANDLORD MAY PURSUE MULTIPLE REMEDIES INCLUDING OBTAINING POSSESSION OF THE PREMISES PURSUANT TO A JUDGMENT BY CONFESSION. FURTHERMORE, TENANT SPECIFICALLY WAIVES ANY CLAIM AGAINST LANDLORD
AND LANDLORD’S COUNSEL FOR VIOLATION OF TENANT’S CONSTITUTIONAL RIGHTS IN THE EVENT/f HAT JUDGMENT IS CONFESSED PURSUANT TO THIS LEASE. 
  

	
	 /s/ Brian P. Shanahan

	(TENANT INITIALS)

 IN WITNESS WHEREOF, and in consideration of the mutual entry into this Lease and for other
good and valuable consideration, and intending to be legally bound, each party hereto has caused this agreement to be duly executed under seal. 
  

							
	Landlord:	 		 		 	
			
	Date Signed:                     	 		 	 CONTINENTAL SQUARE ASSOCIATES, L.P., a

Pennsylvania limited partnership

				
		 		 	By:	 	Continental Square, LLC, its general partner

  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  

							
	Tenant:	 		 		 	
			
	Date Signed:                     	 		 	FINANCIAL TRANSACTION SERVICES, LLC
				
		 		 	By:	 	 /s/ Brian P. Shanahan

		 		 	Name:	 	Brian P. Shanahan
		 		 	Title:	 	CEO

 EXHIBIT A 

PREMISES 
  

 

 EXHIBIT B 

LEGAL DESCRIPTION OF PROPERTY 

ALL THAT CERTAIN PARCEL OF LAND SITUATE in Upper Merion Township, Montgomery County, Pennsylvania, being shown on Final Land
Development Plan of 1000 Continental Square prepared for Continental Square Associates, LP dated October 25, 2002 and last revised December 18, 2003 by Chester Valley Engineers, Inc., Paoli, Pennsylvania -and- as set forth on that certain
ALTAJACS Land Title Survey also prepared by Chester Valley Engineers, Inc., dated June 30, 2006, last revised July 13, 2006, as Project No. 18042, and being more fully described as follows: 

BEGINNING at the northwesterly corner thereof, a point in line of lands now or formerly of 1030 Continental Associates, said point of
beginning being measured South 36 degrees 38 minutes 40 seconds East 52.00 feet from a point on the former title line of Route 202 (S.R. 0202); thence from the point of beginning, along the Required Right of Way Line for Limited Access of
Route 202 (S.R. 0202), the following five (5) courses and distances: (1) North 75 degrees 04 minutes 29 seconds East a distance of 61.01 feet; (2) North 14 degrees 07 minutes 03 seconds West a distance of 8.10 feet;
(3) North 75 degrees 52 minutes 57 seconds East a distance of 390.00 feet; (4) South 87 degrees 25 minutes 06 seconds East a distance of 52.20 feet; (5) North 75 degrees 52 minutes 57 seconds East a distance of 88.72 feet to a point
in line of lands now or formerly of Liberty Property L.P.; thence along said lands, the following two (2) courses and distances: (1) leaving said Required Right of Way Line, South 36 degrees 37 minutes 40 seconds East a distance of 579.98
feet; (2) South 69 degrees 45 minutes 40 seconds West a distance of 519.75 feet to a point on the northeasterly Dedicated Right of Way Line of Continental Road (T-501); thence along said Right of Way Line, the following two (2) courses and
distances: (1) North 38 degrees 14 minutes 28 seconds West a distance of 350.65 feet to a point of curvature; (2) along the arc of a circle curving to the left having a radius of 160.00 feet, an arc length of 40.10 feet, and a chord
bearing North 45 degrees 25 minutes 19 seconds West a distance of 40.00 feet to a point on the Legal Right of Way Line of Continental Road; thence along said right of way line, the following three (3) courses and distances: (1) North 38
degrees 14 minutes 28 seconds West a distance of 41.56 feet; (2) along the arc of a circle curving to the left having a radius of 175.00 feet, an arc length of 44.77 feet, and a chord bearing North 73 degrees 13 minutes 51 seconds West a
distance of 44.65 feet; (3) along the northern terminus of the Legal Right of Way Line of Continental Road and also along the line of lands now or formerly of 1030 Continental Associates, North 36 degrees 38 minutes 40 seconds West a
distance of 197.25 feet to a point, the first mentioned point and place of beginning. 
 CONTAINING 7.408 acres of land, be the same,
more or less. 

 EXHIBIT C 

WORK LETTER 
 ATTACHED TO AND MADE
PART OF 
 OFFICE SPACE LEASE BETWEEN 

CONTINENTAL SQUARE ASSOCIATES, L.P., AS LANDLORD, 

AND FINANCIAL TRANSACTION SERVICES, LLC, AS TENANT 

As material inducement to Tenant to enter into the Lease, and in consideration of the covenants herein contained, Landlord and Tenant,
intending to be legally bound, agree as follows: 
 1.        Lease: Defined
Terms. The Lease is hereby incorporated by reference to the extent that the provisions of this Work Letter apply thereto. Terms not otherwise defined in this Work Letter shall have the meanings given to them in the Lease. The Base Building
Work and the Premises Work, as those terms are defined below, are sometimes collectively referred to herein and in the Lease as “Landlord’s Work.” 

2.        Base Building Work. Landlord has performed the Base Building Work
described on Schedule 1. 
 3.        Premises Work. Landlord shall provide all
labor, materials, and expertise necessary for the improvement of the Premises (the “Premises Work” and sometimes “Landlord’s Work”) in accordance with a space plan and a reflected ceiling plan prepared by Tenant’s
designer, Richardson (collectively, the “Premises Fit Plan”) which Premises Plans shall be final and approved by Tenant on or before April 6, 2012. Tenant shall deliver on or before April 11, 2012 its approved furniture/power
plan (the “Furniture Plan” and collectively with the Premises Fit Plan, the “Premises Plans”). The Premises Plans shall incorporate materials and methods equivalent or better in quality than the Minimum Standard Tenant
Improvements (as set forth on Schedule 2). Landlord’s architect, d2 Solutions, requires the Premises Plans in final approved form in order to prepare the construction documents needed to construct the Premises Work. 

4.        Schedule; Contract; Construction. 

(a)      As soon as practicable after the full execution and delivery of the Lease, Landlord shall submit the
Premises Work to bid to at least three (3) reputable contractors from the following list of contractors: MidAtlantic Construction Inc.; The Norwood Company; Axis Construction Management, LLC; Warfel Construction; Penntex Construction; and IMC
Construction Inc. Landlord shall select the lowest qualified bidder and enter into a construction contract with such contractor (the “Construction Contract”) for the performance of the Premises Work. The total cost of the Premises Work
shall include the cost of the Premises Plans, permit and inspection fees, and licenses relating to the Premises Work, the cost of the Construction Contract along with contractor’s overhead and general conditions and a development administration
fee payable to Landlord or its affiliate equal to three and one-half percent (3 1⁄2%) of the cost of the foregoing (collectively, the “Premises Work
Costs”). 

 (b)      Landlord shall perform, or cause to be performed, Premises
Work in accordance with the Premises Plans. Landlord reserves the right, however: (i) to make substitutions of material of equivalent grade, quality and usefulness when and if any specified material shall not be readily and reasonably
available, and (ii) to make reasonable changes necessitated by conditions met in the course of construction which shall not substantially deviate from the intended results of the Premises Plans. The Premises shall be deemed substantially
completed (“Substantially Completed” or “Substantially Complete”) when Tenant is in receipt of a Certificate of Occupancy or Temporary Certificate of Occupancy (punchlist items excepted) for the Premises. The Target Commencement
Date shall be extended for additional periods of time equal to the time lost by Landlord or Landlord’s contractors, subcontractors or suppliers due to the following: strikes or other labor troubles; Tenant Delay (as defined below); governmental
restrictions and limitations; unavailability or delays in obtaining fuel, labor or materials; war or other national emergency; accidents; floods; defective materials; fire damage or other casualties; adverse weather conditions; the inability to
obtain building or use and occupancy permits; or any cause similar or dissimilar to the foregoing which is beyond the reasonable control of Landlord or Landlord’s contractors, subcontractors or suppliers. 

(c)      Except as permitted by paragraph 4(b) above, changes in the Premises Work may be accomplished only by a
Change Order (defined below). Tenant shall have the right to require changes in the Premises Work by making a written demand to Landlord describing the required change, but Landlord shall not perform any requested change unless a Change Order is
issued with respect thereto. As used in this Work Letter, a “Change Order” shall mean a written instrument prepared by Landlord and signed by Landlord and Tenant stating their agreement upon all of the following: (i) the change in the
Premises Work; (ii) the extent of the adjustment in the Premises Work Cost; and (iii) the extent of the adjustment in the Target Commencement Date, if any. Landlord shall act reasonably and diligently in preparing a Change Order following
its receipt of Tenant’s demand therefor. Changes in the Premises Work Cost due to a Change Order shall be limited to (x) the actual net increase in the costs included in the definition of “Premises Work Costs,” including a three
and one-half percent (3 1⁄2%) development administration fee but without any further mark-up by Landlord, plus (y) if the Change Order results in an
extension of the scheduled Commencement Date, a sum equal to the per diem Fixed Basic Rent that would have otherwise been paid by Tenant for the period by which the Commencement Date is delayed due to such Change Order, as agreed by Landlord and
Tenant in such Change Order. 
 (d)      Approximately three (3) business days prior to the date when
Landlord anticipates the Premises Work will be Substantially Completed, Landlord and Tenant shall inspect the Building and the Premises. Upon completion of the inspection, unless Tenant shall notify Landlord in writing regarding any observed
deficiencies in the Premises Work that go beyond punch list items, which notice shall be delivered to Landlord, if at all, within three (3) business days next following Tenant’s inspection, it shall be presumed that the Premises Work is
Substantially Completed, except for punch list items. Within three (3) business days after the Premises Work is Substantially Completed, Landlord and Tenant shall inspect the Building and Premises, and Tenant shall create a punch list of minor
finishing and adjustment which Landlord has not completed materially in accordance with the Premises Plans or which needs to be repaired. Landlord agrees to use commercially reasonable efforts to complete the items set forth on the punch list within
thirty (30) days of receipt of such list. Failure to include an item on the punch 

 
list will not diminish the responsibility of Landlord to complete all Premises Work in accordance with the Premises Plans. Any dispute as to whether a particular item constitutes a punchlist item
shall be resolved by the reasonable determination of Landlord’s architect. 

5.        Improvement Allowance. Tenant shall be permitted to apply the
Improvement Allowance toward the Premises Work Costs, the costs of any Tenant Work (as defined in paragraph 7), data and telecommunication cabling, architectural and engineering costs, the fees charged by Richardson Design (not to exceed the sum of
$1.50 per rentable square foot), construction fees incurred in connection with the improvement of the Premises and the performance of the Premises Work and the Tenant Work. Landlord shall keep accurate records of all costs, fees, disbursements, and
amounts incurred by it in the performance of the Premises Work, and Tenant shall have the right to inspect Landlord’s records with respect thereto. If the Premises Work Costs exceed the Improvement Allowance (the “Excess Costs”),
Tenant shall pay the Excess Costs to Landlord as follows: (i) one-third (1/3) within fifteen (15) days following Landlord’s entry into the Construction Contract; (ii) one-third (1/3) within thirty (30) days
following the commencement of the Premises Work; and (iii) the balance within five (5) days of Substantial Completion of the Premises Work. Moreover, if the Premises Work Costs exceed the Improvement Allowance, the parties agree that the
Improvement Allowance is to be allocated by Landlord to such costs as Landlord shall determine in its sole discretion. In particular, the costs of all “energy efficient commercial building property” as defined in Section 179D of the
Internal Revenue Code, as same may be amended from time to time, which is installed as part of the interior lighting systems, the heating, cooling, ventilation, and hot water systems or the building envelope and the cost of all property described by
Section 1245 of the Internal Revenue Code, as same may be amended from time to time (other than furniture and other equipment) will be deemed to have been paid for by Landlord from the Improvement Allowance, to the extent of the Improvement
Allowance. 
 6.        Tenant Delay. As used in this Work Letter, the term
“Tenant Delay” shall mean any: 
 (i)        delays caused by Tenant’s failure to
finalize and approve the Premises Plans by the dates set forth herein; 
 (ii)       delays caused by
Tenant’s failure to comply with the specific time periods established in this Work Letter including, but not limited to, the failure to make timely all payments due to Landlord hereunder; 

(iii)      Intentionally Omitted; 

(iv)      delays resulting from a Change Order (not to exceed the amount of time agreed to pursuant to Paragraph
4(c) for the extension of the scheduled Commencement Date); 
 (v)       delays, not caused by Landlord, in
furnishing materials or procuring labor for completion of the Premises Work with respect to improvements which are not consistent with the Minimum Standard Tenant Improvements; or 

(vi)      delays caused by Tenant Work (as defined in paragraph 7 below) interfering with the progress of
Landlord’s Work. 

 7.        Tenant Work. Tenant shall
have access to the Building and the Premises during normal working hours at least fifteen days prior to the date of Substantial Completion for the purpose of (i) installing voice and data cabling, (ii) installing furniture, fixtures and
equipment within the Premises and (iii) performing other work approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed (collectively, “Tenant Work”); provided, however, that (i) Tenant Work
shall materially comply with the Sustainability Standards and, in connection with the performance of Tenant Work, Tenant shall use reasonable efforts to avoid interfering with or delaying the completion of Landlord’s Work, and (ii) such
early access and occupancy of the Premises by Tenant shall be upon all terms and conditions of the Lease except payment of Rent. All Tenant Work shall be performed in a manner and by contractors who shall not interfere with the use of the Building
by other tenants or disturb harmonious labor relations with Landlord’s employees, agents, contractors or subcontractors. In the event that Tenant, its employees, agents, contractors or subcontractors conflict with or interfere with labor
employed by Landlord, its contractors or subcontractors, or in the event that any work stoppages, jurisdictional labor dispute or other interference with Landlord, or Landlord’s employees, agents, contractors or subcontractors occurs, of which
Landlord shall be the sole and absolute judge, Landlord shall have the right to require Tenant, upon written demand, to remove or cause the removal forthwith of all Tenant’s contractors and subcontractors from the Premises, and Tenant agrees to
comply with such demand immediately. Tenant Work shall be subject to the reasonable coordination of Landlord and Tenant’s architect. 

8.     Work Standards. 

(a)      Landlord shall cause Landlord’s Work to be done in a good and workmanlike manner in conformity
with the Premises Plans and all applicable federal, state and local laws, ordinances and building and zoning codes, and requirements of public authorities and insurance underwriters. Landlord shall comply with and give all notices required by all
applicable federal, state and local laws, ordinances and building codes, and requirements of public authorities and insurance underwriters. Landlord shall be responsible for initiating, maintaining, and supervising all safety precautions and
programs in connection with performance of Landlord’s Work. Landlord shall be responsible for the removal of all debris within and adjacent to the Premises, except debris created by Tenant Work. Landlord shall obtain all customary warranties
available from contractors and manufacturers in connection with Landlord’s Work. Landlord shall enforce all warranties from contractors and manufacturers on behalf of Landlord and Tenant to the extent such warranties are not solely in favor of
Tenant. Landlord, without cost to Tenant, shall promptly repair, replace, restore, or rebuild any work included in Landlord’s Work that Landlord has been given notice (during the one (1) year period following the Commencement Date)
contains defects in material or workmanship, or to which damage has occurred because of such defects. 

(b)      Tenant shall cause the Tenant Work to be done in a good and workmanlike manner in conformity with all
applicable federal, state and local laws, ordinances and building codes, and requirements of public authorities and insurance underwriters. Tenant shall secure and pay for all permits and fees, licenses, and inspections necessary for the proper
execution and completion of the Tenant Work. Tenant shall comply with and give all notices required by all applicable federal, state and local laws, ordinances and building codes, and requirements of public authorities and insurance underwriters.
Tenant shall be responsible for initiating, maintaining, 

 
and supervising all safety precautions and programs in connection with performance of the Tenant Work. Tenant shall procure insurance of the types and coverage amounts required pursuant to the
Lease or as otherwise may be appropriate given the nature and extent of Tenant Work. Tenant shall be responsible for the removal of all debris within and adjacent to the Premises created by Tenant Work. 

 SCHEDULE 1 

BASE BUILDING CORE AND SHELL SPECIFICATIONS 
  

					
	1.	  	EXTERIOR MATERIALS:	  	The building exterior materials (southern, eastern, & western face) are a smooth/sandblasted precast concrete panel system and a polished granite central entry running from the first floor to roof. The north elevation,
directly visible from Rte. 202 south, is a curved, full floor height glass curtainwall system. All building glazing is reflective gray insulated material which provides maximum protection from solar gain and heat loss. On the southern face, the
rooftop “finial” is a wing-like aluminum porch roof, offering a dramatic appearance from both the near entry approach and highway long views.
			
	2.	  	STRUCTURAL:	  	1000 Continental is built with a steel frame and composite slab throughout. Structural bay sizes are, south to north, 40’, 35’, 40’, with east-west organization on a 30’ grid. The perimeter columns are engaged
in the vertical precast facade allowing uninterrupted views outside. The north curtainwall system is completely detached from the north face structural columns.
			
		  		  	The composite deck and beam system is used for all supported floors.
			
		  		  	The atrium entry is a 21’ open space between the plaza level and the garden level below. The plaza level crosses through this atrium space via an entry bridge; the level below is reached by a single story curved
communicating stair. The typical floor to floor height throughout the remainder of the building is 13’.
			
		  		  	Design live load is 100 pounds per square foot throughout the entire building tenant area.
			
	3.	  	ENTRANCES:	  	North/South entry doors are 8’0” high double entry minimum with full glass panels within an anodized champagne storefront system.
			
	4.	  	ROOF:	  	The roof system is Versico, Inc. TPO white membrane (high reflectivity for minimum heat gain) over rigid insulation with a 15-year full system warranty.
			
	5.	  	ELECTRICAL:	  	16.2 watts per square foot. Two meter (general/totalizer) 277/480 volt secondary service.
			
		  		  	Lighting and power distribution and devices shall be complete for finished core areas only.

					
	6.	  	HVAC:	  	A Trane water source self-contained system, one per floor, is provided which includes multiple, zone controlled Variable Air Volume boxes strategically located and sized to accommodate a wide range of tenant requirements. The
systems are connected to a common condenser water loop for shared rejection and exchange of heat. Tenant unit variable air volume box quantities and sizes will be based upon tenant’s space requirements and engineered calculations. The
individual self-contained floor units act as the primary source for comfort maintenance; exchanging and mechanically generating cooling and heating from the loop and compressor system into the space.
			
		  		  	Heat rejection from the condenser water loop will occur at the closed circuit cooling tower located on the roof of the building. The self-contained HVAC system loop water moves by primary with back-up stand-by pumps which are
driven by energy saving variable frequency drives. The entire system will operate on a demand level to meet but not exceed the energy consumption levels demanded by the building requirements for optimum energy efficiency.
			
		  		  	A Direct Digital Control (DDC) system is provided, in the base building, to operate the individual floor self-contained HVAC systems.
			
		  		  	Connection and programming of Tenant Variable Air Volume Box temperature control is by Tenant.
			
		  		  	All HVAC components are digitally integrated for maximum energy efficiency by a state-of-the-art building automation system (BAS), enabling the end user and operator complete 24 hour per day, 7 day per week, access to the
buildings HVAC system(s).
			
		  		  	Tenant HVAC supply air ductwork is provided for each floor zone. Tenant designed Variable Air Volume boxes for Tenant areas shall be connected to the main supply air ducts as part of Tl. Standard size boxes will be allocated per
square foot of usable area to be installed with solid duct as part of the Tenant Work. The system shall be

					
		  		  	designed and constructed to provide interior conditions of 72 degree F. dry bulb and 50% relative humidity when outside conditions are 92 degree F. dry bulb/72 degree F wet bulb and 70 degree F inside when the outside temperature
is 11 degree F provided that the Tenant occupied area does not exceed 1 person per 150 square feet, total electrical loads do not exceed 6 watts per square foot and provided Tenant’s Design Professional designed Tenant’s layout in a manner
to provide such heating and cooling conditions assuming the HVAC system which Landlord has provided is in place and operating in accordance with the above referenced specifications.
			
		  		  	The comfort level of each floor will be maintained by the floors dedicated self-contained HVAC unit. Individual floor units will be connected to the buildings common condenser water loop in order to achieve the most effective and
lowest energy cost.
			
		  		  	Each Tenant’s Variable Air Volume Box / System shall operate independently to satisfy the specific cooling and heating requirements of the space served. As demand fluctuates with occupancy and internal / external heating and
cooling requirements the integrated digitally controlled building controlled HVAC automation system (BAS) will respond accordingly to effectively manage overall building energy consumption.
			
		  		  	Each individual Variable Air Volume system will include a tenant accessible zone sensor for temperature adjustment and system override for 24 hour per day, 7 day per week use and comfort.
			
	7.	  	VENTILATION AIR:	  	Outdoor Air for improved IAQ (Indoor Air Quality) will be introduced at each self-contained HVAC unit. The quantity of air shall not be less than 20 cubic feet per minute per person and /or as specified in the ASHRAE Standard
62-1999, Ventilation for Acceptable Indoor Air Quality Standards.
			
	8.	  	CODE COMPLIANCY:	  	This building will be constructed to all applicable codes and comply with accessibility requirement of the Americans with Disabilities Act.
			
	9.	  	LIFE SAFETY:	  	Sprinkler systems throughout in accordance with NFPA Pamphlet 13 requirements for light hazard, business occupancy. Installed on standard grid, heads (turned up)

					
		  		  	with wet system in heated areas and dry pipe system in areas subject to freezing such as garage levels. Sprinkler water flow and tamper detection alarms are provided on the building sprinkler system.
			
		  		  	A building central fire alarm system with central station 24 hour supervision is provided. The system is fully addressable, code compliant, modular and expandable, capable of accommodating tenant alarm devices. Tenant may tie its
alarm system into the building central fire alarm system.
			
		  		  	Office building stair tower pressurization is provided. Manual pull stations are provided at means of egress in core areas and stair towers. Speaker/strobes are located throughout the core including lobby core and garage areas.
Smoke detectors as required by code in core areas only.
			
	10.	  	 FIRST FLOOR LOBBY
  

(PLAZA LEVEL):
	  	The main lobby is entered over a bridge spanning the Garden Level below. Full double height wall surface is a pre-engineered opaque glass panel system mounted on the slightly curved walls of the lobby. The panels are lit from
both above and below and will be interrupted by clear glass panels where transparency is required (Garden Level Café and Fitness Center, eg). Floor material consists of marble and porcelain tiles, honed, on the bridge and main floor, and the
stairs down will have a dimensional stone tread. The wall material at the elevator bank will carry some of the same black marble tile as the floor and will be interspersed with the main wall’s glass panels. A concierge/security desk will sit in
the center of the lobby just beyond the elevator bank, allowing maximum viewing of all tenants and visitors entering from the north and south. This desk is designed to complement the shape of the curved lobby walls.
			
	11.	  	GARDEN LEVEL:	  	This floor is accessible from the communicating stair from the Plaza Level, elevators, emergency stairways, and the lower parking lot (below single story deck above). The highlighted glass walls from the Plaza Level brighten this
below-grade space and the tenant offices look into a landscaped terraced well for natural light. Wall and floor finishes are the same as the Plaza Level.
			
	12.	  	PLUMBING:	  	Base building shell includes one set of men/ladies code compliant restrooms per floor, located with access to common areas sufficient to service the needs of the

					
		  		  	building’s occupants. Fixtures to be wall hung. Marble and porcelain tile floors are provided. Wood doors on individual toilet rooms and all toilet room accessories are included in the shell. The lavatories are marble slab
with under-mounted stainless steel bowls and chrome faucets.
			
	13.	  	ELEVATORS:	  	4 traction elevators service all floors. The interior cabs are 9’- 5” high (to underside of ceiling) and the walls are designed with wood panels within an aluminum grid. The floor material is an extension of the black
marble lobby surface. A service elevator sits within a room along the corridor off the lobbies where the building’s mail bank will also be located. The freight elevator is 12’ to the finished ceiling, 6’ x 8’ in area, and is
accessible along the corridor to the delivery entrance/waste disposal area on the Garden Level. This common area is available to tenants, contractors, and delivery companies.
			
	14.	  	PARKING STRUCTURE:	  	330 parking spaces are available on grade with 159 on the Plaza Level and 197 at the Garden Level below deck. A total of 686 spaces are on site. The one story deck is made of precast panels with precast spandrels for guardrail at
the outside corners of the structure and at the entry bridge.
			
		  		  	Handicap accessible parking is provided on each level.
			
	15.	  	EMERGENCY POWER:	  	Generator backup power is provided for emergency lighting, elevators, and life safety equipment in the event of a power loss for entry and exit from the building and restrooms as part of the base building work. Emergency lighting
within tenant premises will be connected to emergency generator riser. Connection shall be by tenant as a TI expense.
	  
 The following items will be built as part of the
building shell:
  

	1.	  	CEILING:	  	Core areas and restrooms.
			
	2.	  	LIGHTING:	  	All lobby light fixtures, exterior decorative and functional lighting, corridor, restroom, and service corridor lighting will be furnished and installed as part of the base building shell construction.
			
	3.	  	ELECTRICAL:	  	Base building will supply four 277/480 volt bus ducts on each floor; two for general light and power and two HVAC. All tenant step-down transformers, individual

					
		  		  	tenant meters, and electrical panels are part of the TI work and will be located in the tenant premises. (Facilities sufficient for 6 watts/square foot of rentable area connected load at 120-208V – tenant to provide
step-down transformer for 120V. 277/480 Volt) three phase of general se and facilities sufficient for 3 watts per rentable are connected load at 277/480 V, 3 phase 4 wire for fluorescent lighting. All panels, bus plug and transformers for TI are
tenant provided.
			
	4.	  	LIFE SAFETY:	  	Base building directional exit signs, fire extinguishers, and alarm devices and annunciator panels for shell occupancy will be furnished and installed as part of the shell work. The base building emergency generator sized such to
supply power to the life safety system for core, shell and tenant spaces.
			
	5.	  	SPRINKLERS:	  	Base building sprinklers are provided throughout the building as part of the shell. One head per 225 square feet are provided in the tenant areas (heads turned up).
			
	6.	  	DRYWALL:	  	All core area wall construction is furnished and installed as part of the shell construction.
			
	7.	  	DOORS, FRAMES AND HARDWARE:	  	All base building doors, frames and hardware are part of the shell construction. Typical units consist of painted hollow metal frame with 3’ x 8’ stain grade wood door with ADA lever handle.
			
	8.	  	WALL FINISHES:	  	Wall finishes in core areas are to be furnished and installed as part of the shell. Finish in public corridor spaces will be commercial grade vinyl wall covering. Utility area walls will be painted.
			
	9.	  	TELEPHONE AND DATA:	  	The building shell will provide conduit from the street to the base building’s demarcation point. Telephone closets are located for tenant distribution requirements.

 SCHEDULE 2 
  

MINIMUM STANDARD TENANT IMPROVEMENTS 
  

 

					
	BUILDING STANDARD
SPECIFICATIONS	 	 	  	 
	  

			
	 TENANT AREA:
  
	 	  	  	  
		 	  
 COMMON CORRIDOR PARTITION:

		 	  
 •

•
  

•
  
  

•
  

•
	  	  
 Full height partition, floor
to underside of structure, by landlord and tenant.
 3 5/8”, 25 gauge metal studs, 16” OC

 
 5/8” type-X drywall, one layer each side, landlord to provide finished partition at
common corridor. Tenant to provide finished drywall at suite interior. Cost shared by landlord and tenant, 50% each.
 Partition taped smooth and sanded to
receive paint or wallcovering
  
 Partition cavity fully insulated

 

		 	  
 DEMISING PARTITION:

		 	  
 •

 
 •
  

•
  

•
  

•
	  	  
 Full height partition, floor
to underside of structure, by tenant
  
 3 5/8”, 25 gauge metal studs, 16”
OC
  
 5/8” type-X drywall, one layer each side (1 hr. Fire rated)

 
 Partition taped smooth and sanded to receive paint or wallcovering

 
 Partition cavity fully insulated

 

		 	  
 INTERIOR PARTITION:

		 	  
 •

 
 •
  

•
  

•
	  	  
 9’-6” high
partition, floor to 6” above ceiling, by tenant
  
 3 5/8”, 25 gauge metal
studs, 16” OC
  
 5/8” type-X drywall, one layer each side

 
 Partition taped smooth and sanded to receive paint or wallcovering

 

		 	  
 PERIMETER WALLS:

		 	  
 •
	  	  
 5/8” type-X drywall,
one layer, installed below window and at bulkhead above window. Provide “L” bracket to seal opening between glazing and floor, by tenant

 

					
	BUILDING STANDARD
SPECIFICATIONS	 	 	 	 
	  

		
	 TENANT AREA:
  
	 	  
		 	 •

•
  
  

•
	 	 Shell includes metal studs and insulation, tenant responsible for enclosing perimeter, typ.

Windowsill to be anodized aluminum, color: Champagne, included in building shell. Sill height (where sills exist): 2’-10” AFF; underside of window
head: 8’-10” AFF (VIF)
  
 Sills are not to be modified, cut or removed,
typ.
  

		 	  
 INTERIOR COLUMNS:

 

		 	•	 	 5/8” type-X drywall, one layer over 2 V” metal stud or furring strips, floor to 6”
above ceiling as required to enclose column, by tenant.
  

		 	  
 CORRIDOR DOOR:

 

		 	 •
  

•
  

•
  

•
 •

 
 •
	 	 3’-0” x 8’-0” flush, solid core wood, Mohawk Flush Doors, Inc., prefinished
premium 2000, to match Building Standard
 Hollow metal knock-down frame, 2” face, 16 gauge cold-rolled steel, factory primed to receive paint

Falcon “Quantum” series entry lockset #B501, lever handle
  

Hager (or equal) 4 1⁄4 x
4 1⁄2 hinges, #BB 1168, stainless steel ball bearing, 2) pair

Door equipped with Closer: Dor-o-matic or equal, Silencer: Ives or equal, Wall or Floor Stop: Rockwood Manufacturing or equal

All hardware to match brushed chrome, US26D finish.
  

		 	  
 INTERIOR DOOR:

 

		 	 •
  

•
	 	 3’-0” x 7’-0” flush, solid core wood, Mohawk Flush Doors, Inc., prefinished
premium 2000, birch to match Building Standard
 Hollow metal knock-down frame, 2” face, 16 gauge cold-rolled steel, factory primed to receive paint
Falcon “Quantum” series latchset #B101 or equal, lever handle
  

					
	BUILDING STANDARD
SPECIFICATIONS	 	 	 	 
	  

			
	 TENANT AREA:
  
	 	  	 	  
		 	 •

•
  

•
	 	 Hager (or equal) 4 1⁄4 x 4 1⁄2 hinges, #BB1168, stainless steel ball bearing, 1 1/2) pair

Door equipped with Silencer: Ives or equal, Wall or Floor Stop: Rockwood Manufacturing or equal

All hardware to match brushed chrome, US26D finish.
  

		 	  
 ACOUSTICAL CEILING:

 

		 	 •
  

•
  

•
	 	 Celotex’s Sand Micro, wet-felted ceiling tile #SHM-150, 2’ x 2’ x 5/8; narrow
reveal beveled edge, color: white
 Celotex’s Elite Narrow Stab T type grid, 2’ x 2’ x 9/16”, color: white, or approved equal

 
 9’-0” ceiling height above finished floor

 

		 	  
 LIGHT FIXTURE:

 

		 	 •
  

 
 •
  

•
  
	 	 Cooper Lighting’s Metallux Paralux III, 2’ x 4’ lay-in 18 cell parabolii
#2EP3GX-332S-36I-277-TEB81, or approved equal by Columbia, Lightolier, Lithonia
  

Fluorescent tubes, 3) 32 watt T8 lamps
  

277 volt, electronic ballast
  

(1) fixture per 100RSF
  

		 	  
 EMERGENCY LIGHT:

 

		 	 •
  

 
 •
  

•
	 	 Cooper Lighting’s Metallux Paralux III, 2’ x 4’ lay-in 18 cell parabolii
#2EP3GX-332S-36I-277-TEB81, or approved equal by Columbia, Lightolier, Lithonia
  

Fluorescent tubes, 3) 32 watt T8 lamps
  

277 volt, electronic ballast tied to emergency circuit
  

		 	  
 FIRE SPRINKLER:

 

		 	 •
  

•
  

•
	 	 Recessed/concealed heads, white enamel trim

 
 1 per 225 square feet, heads turned up

 
 Additional heads, relocation and turn down of base building heads, by tenant

 

					
	BUILDING STANDARD
SPECIFICATIONS	 	 	 	 
	  

			
	 TENANT AREA:
  
	 	  	 	  
		 	  
 FIRE EXTINGUISHER CABINET:

 

		 	 •
  

•
	 	 J.L. Industries, Inc.’s Academy semi-recessed 1027F17 brushed stainless steel cabinet, white
interior, MB 846 mounting bracket, Cosmic 1OE, 4A-06BC fire extinguisher
 Provide in accordance per code, by tenant

 

		 	  
 FLOORING AND BASE:

 

		 	 •
  

•
  

•
	 	 Carpet: Designweave’s Retro or equal 24 oz. Solution dyed graphic loop pile, color: to be
determined, direct glue installation, one color throughout
 Vinyl composition tile per tenant’s desired location, Armstrong’s Imperial Texture
standard Excelon Tile, 12” x 12” x 1/8”, one color throughout
 4” high vinyl cove base, Roppe or equal, 1/8 gauge, up to two colors
throughout
  

		 	  
 PAINT:

 

		 	 •
  

•
  

•
  

•
  

•
  

•
	 	 Pittsburg Paint, Duron, Finnaren and Haley or equal

 
 One primer and two finish coats

 
 Up to two colors throughout

 
 Walls to receive latex paint, Flat finish

 
 Doors and Trim to receive acrylic latex paint, Semi-gloss Finish

 
 Note: Where tenant desires wallcovering, wall surface to be sized by tenant, typical.

 

		 	  
 WINDOW COVERING:

 

		 	 •
  

•
	 	 1” horizontal mini-blinds, Bali #S3000, by tenant, .008 thick, Color: White to match Building
Standard
 Landlord provides blinds at tenant’s expense

					
	BUILDING STANDARD
SPECIFICATIONS	 	 	 	 
	  

			
	 TENANT AREA:
  
	 	  	 	  
		 	  
 ELECTRICAL WALL RECEPTACLE:

		 	  
 •

 
 •

•
	 	  
 Pass & Seymour Decorator
series or equal, self-grounding or equal square profile duplex receptacle #26352-1, Color: Ivory receptacle with brushed stainless steel cover plate #302

110V, 20-amp, non-dedicated wall mount
 Mounted vertically
18” AFF OC or per tenant’s specification
  
 (1) wall receptacle or light
switch per 150 RSF
  

		 	  
 LIGHT SWITCH:

 

		 	 •
	 	Pass & Seymour Decorator series or equal, toggle switch #CS20AC1-I, Color: Ivory with brushed stainless steel cover plate
		 	•	 	 Mounted 48” AFF OC or per tenant’s specification

 
 (1) wall receptacle or light switch per 150 RSF

 

		 	  
 TELEPHONE WALL RECEPTACLE:

		 	  
 •

 
 •
  

•
  

•
	 	  
 Single junction box or
single mud ring and pull string, by tenant
  
 Mounted vertically 18” AFF OC or per
tenant’s specification
  
 Wiring and devices by tenant

 
 Cover plate by tenant, match building standard brushed stainless steel cover plate

 

		 	  
 LIFE SAFETY:

		 	  
 •
	 	  
 Additional ADA compliant
fire alarm audible speakers and visual strobes, smoke detectors, where required by code required, by tenant
  

		 	  
 HVAC:

 

		 	•	 	 Cooling tower, loop piping, self contained floor units, main duct and core variable air volume
boxes provided on each floor by base building. Connection to loop, balancing and report of VAV boxes, by tenant
  

					
	BUILDING STANDARD
SPECIFICATIONS	 	 	 	 
	  

			
	 TENANT AREA:
  
	 	  	 	  
		 	• 	 	Digital Control (DDC) control unit provided by base building Connection and programming, by tenant
		 	•	 	Additional Tenant unit variable air volume (VAV) boxes, temperature sensor, control wiring from VAV boxes to temperature sensor, temperature sensor for TI work, wire and program VAV boxes back to DDC computer, ductwork, diffusers,
duct from ventilation air duct to accommodate tenant layout, factory mounted controls, by tenant
		 	•	 	 Ceiling mounted 2’ x 2’ supply and return grilles

•  Linear face return grille, matte white finish

•  Multi-directional supply diffuser, matte white finish

		 	•	 	Linear diffusers at perimeter window, matte white finish
		 	  
 •

 
 •
	 	  
 Trane thermostats located per
zone, mounted 59 1/2” AFF OC
  
 Testing, balancing of system and report, by
tenant
  

		 	  
 EXIT SIGN:

 

		 	 •
	 	Exit sign, Lightguard’s Slimline Series #SLELX, green letters on clear background, 277v, two (2) circuit, wall and/or ceiling mount, by tenant
		 	 •
  

•
  

•
	 	 90 minute operation in emergency mode

 
 Wall or ceiling mounted with directional arrows per code

 
 Recessed low wall mount Exit sign required at all exit access doors, 12” AFF to
center of face of sign, by tenant
  

		 	  
 ENGINEERING:

 

		 	 •
	 	Professional engineering for HVAC, Electrical, Plumbing, Sprinkler and Life Safety, by tenant
		 	•	 	 Design-Build not permitted

 

		 	  
 STRUCTURAL:

 

		 	 •
	 	 Professional engineering evaluation for excessive load and stability requirements, i.e. density
file system and moveable partition system, by tenant
  

					
	BUILDING STANDARD
SPECIFICATIONS	 	 	 	 
	  

			
	 TENANT AREA:
  
	 	  	 	  
		 	  
 CONTRACTOR LICENSE:

 

		 	•	 	 All contractors to be licensed in the Township of Upper Merion.

 

 EXHIBIT D 

BUILDING HOLIDAYS 
  

	*	NEW YEAR’S DAY * 

  

	*	MEMORIAL DAY * 

  

	*	INDEPENDENCE DAY * 

  

	*	LABOR DAY * 

  

	*	THANKSGIVING DAY * 

  

	*	CHRISTMAS DAY * 

 EXHIBIT E 

JANITORIAL SPECIFICATIONS 
  

	A.	OFFICE CLEANING 

  

	 	1.	Vacuum all main carpeted traffic areas. All furniture will be replaced to its original position. Vacuum under all desks and large furniture where possible. Remove any carpet stains as needed. 

	 	2.	Hard surface floors will be swept or vacuumed and damp mopped, moving all light furniture. All furniture will be replaced to its original position. Dust-mop under all desks and large furniture where possible.

	 	3.	Spot dust all uncluttered desk tops, file cabinets, counters, sills, and ledges up to 72” in height. 

	 	4.	Wastebaskets will be emptied, strictly following the Building recycling program requirements, and trash can liners will be replaced as needed. 

	 	5.	All lights to be extinguished by cleaners after completion of their duties. 

  

	B.	KITCHEN AREAS AND COFFEE STATIONS 

  

	 	1.	Empty all waste receptacles, strictly following the Building recycling program requirements. 

	 	2.	Sweep or vacuum and damp mop all hard flooring. 

	 	3.	Clean sinks and damp wipe all cleared tabletops, cleared countertops. 

	 	4.	Arrange furniture neatly. 

	 	5.	Spot dust all sills and ledges up to 72” in height. 

  

	C.	LAVATORIES 

  

	 	1.	Sweep or vacuum and wet mop all hard surface floor areas with a disinfectant cleaner. 

	 	2.	Clean and disinfect all water closets, urinals, and toilet bowls, inside and out. Particular attention will be given to the interior ledges, channels and traps. 

	 	3.	Clean and disinfect all toilet seats and leave in the upright position and free of water marks. 

	 	4.	Clean and polish all mirrors, flushometers, piping, seat hinges, towel dispensers and metal trim. 

	 	5.	Fill all dispensers for paper hand towels, hand soap, toilet paper, seat covers, sanitary napkins, and tampons. 

	 	6.	Clean and disinfect all sinks and countertops. 

  

	D.	COMMON AREAS 

  

	 	1.	Vacuum all entrance mats and runners. 

	 	2.	Vacuum all Common Area carpets. 

	 	3.	Empty and clean all exterior cigarette urns and trash receptacles. 

	 	4.	All entrance door glass, frames and ledges to be cleaned - both sides. 

	 	5.	Clean all drinking fountains. 

  

	E.	THE FOLLOWING TASKS ARE TO BE PERFORMED WEEKLY: 

  

	 	1.	Detail vacuum all offices, cubicles, conference rooms and traffic areas. Edge vacuum with an edging tool, paying particular attention to corners, behind doors, and around furniture legs and bases. 

	 	2.	Dust all uncluttered desk tops, file cabinets, counters, sills and ledges up to 72”. 

	 	3.	In lavatories, clean, disinfect, and fill with water all floor drains to avoid the escape of sewer gases. 

	 	4.	All lavatory floors are to be machine scrubbed, using a germicidal solution, detergent, and water. After scrubbing, floors will be rinsed with clean water and dried. All water marks will be removed from walls,
partitions, and fixtures. An appropriate floor finish will be applied and buffed as needed. 

	 	5.	Wipe and disinfect telephones. 

  

	F.	THE FOLLOWING TASKS ARE TO BE PERFORMED MONTHLY: 

  

	 	1.	High dust all horizontal and vertical surfaces above 72”. 

	 	2.	Detail vacuum any upholstered chairs. 

  

	G.	THE FOLLOWING TASKS ARE TO BE PERFORMED QUARTERLY: 

  

	 	1.	Dust ALL ceiling diffusers, vents, and radiant heaters. 

	 	2.	All non-carpeted floors are to be machine scrubbed. 

	 	3.	Spray-buff all resilient tile floors if needed throughout the building. 

	 	4.	Wash and disinfect all ceramic tile walls in the lavatories. 

  

	H.	THE FOLLOWING TASKS ARE TO BE PERFORMED SEMI-ANNUALLY: 

  

	 	1.	Wash windows inside and outside. 

  

	I.	THE FOLLOWING TASKS ARE TO BE PERFORMED ANNUALLY: 

  

	 	1.	Strip and refinish the hard surface VCT or ceramic tile flooring if needed. 

	 	2.	Machine scrub ceramic tile flooring in lavatories and refinish with low slip, high traffic sealer or other process/product as recommended by the flooring manufacturer and approved by Owner. 

Cleaning specifications may be varied to comply with manufacturers’ maintenance recommendations. The schedule of cleaning operations may be reviewed from
time to time and adjusted as needed in response to changing needs of the building, its occupants, and seasonal needs so long as building standards are maintained. 

 EXHIBIT F 

RULES AND REGULATIONS 
  

	1.	OBSTRUCTION OF PASSAGEWAYS: 

 The sidewalks, entrance, passages, courts,
elevators, vestibules, stairways, corridors and public parts of the Building shall not be obstructed or encumbered by Tenant or used by Tenant for any purpose other than ingress and egress. 

 

	2.	DESIGNATED SMOKING AREA: 

 Tenant, its employees and guests shall comply with the
restrictions on smoking on the Property as provided in the Sustainability Standards. 
  

	3.	WINDOWS: 

 Windows in the Premises shall not be covered or obstructed by Tenant.
No bottles, parcels or other articles shall be placed on the window sills, in the halls, or in any other part of the Building other than the Premises. No article shall be thrown out of the doors or windows of the Premises. 

 

	4.	PROJECTIONS FROM BUILDING: 

 No awnings, air-conditioning units, or other fixtures
shall be attached to the outside walls or the window sills of the Building or otherwise affixed so as to project from the Building, without prior written consent of Landlord. 
  

	5.	FLOOR COVERING: 

 Tenant shall not lay linoleum or other similar floor covering so
that the same shall come in direct contact with the floor of the Premises. If linoleum or other similar floor covering is desired to be used, an interlining of builder’s deadening felt shall first be fixed to the floor by a paste or other
material that may easily be removed with water, the use of cement or other similar adhesive material being expressly prohibited. All materials must comply with applicable Sustainability Standards. 

 

	6.	LOCKS: 

 Tenant, before closing and leaving the Premises, shall ensure that all
windows are closed and entrance doors locked. All locks and hardware must conform to Building Standard and be keyed to the Building master. 
  

	7.	CONTRACTORS: 

 No contract of any kind with any supplier of towels, water, toilet
articles, waxing, rug shampooing, Venetian blind washing, furniture polishing, lamp servicing, cleaning of electrical fixtures, removal of waste paper, rubbish, garbage, or other like service shall be

 
entered into by Tenant, nor shall any machine of any kind be installed in the Building or the Premises, without the prior written consent of Landlord. Tenant shall not employ any persons other
than Landlord’s janitors for the purpose of cleaning the Premises without prior written consent of Landlord. Any of the foregoing approved by Landlord must comply at all times with applicable Sustainability Standards and shall not have a
negative impact on Building Certification. Without limiting the foregoing, all cleaning and other products and equipment shall meet applicable Green Seal standards and requirements and/or be Green Seal approved, environmentally preferred products
and equipment. Landlord shall not be responsible to Tenant for any loss of property from the Premises occurring, or for any damage to the effects of Tenant by such janitors or any of its employees, or by any other person or any other cause. 

 

	8.	ACTIVITIES PROHIBITED ON PREMISES: 

 Tenant shall not conduct, or permit any other
person to conduct, any auction upon the Premises, manufacture or store goods, wares or merchandise upon the Premises without the prior written approval of Landlord, except the storage of usual supplies and inventory to be used by Tenant in the
conduct of its business, make any unusual noises in the Building, permit to be played musical instrument on the Premises, permit any radio to be played, or television, recorded or wired music in such loud manner as to disturb or annoy other tenants,
or permit any unusual odors to be produced on the Premises. No bicycles, vehicles or animals of any kind shall be brought into or kept in or about the Premises. 
  

	9.	PLUMBING AND ELECTRIC FACILITIES: 

 Plumbing facilities shall not be used for any
purpose other than those for which they were constructed; and no sweepings, rubbish, ashes, newspaper or other substances of any kind shall be thrown into them. Waste (including beverages of any kind) and excessive or unusual amounts of water is
prohibited. 
  

	10.	MOVEMENT OF FURNITURE. FREIGHT OR BULKY MATTER: 

 The carrying in or out of
freight, furniture or bulky matter of any description must take place during such hours as Landlord may from time to time reasonably determine and only after advance notice to the superintendent of the Building. The persons employed by Tenant for
such work must be reasonably acceptable to Landlord. Tenant may, subject to these provisions, move freight, furniture, bulky matter, and other material into or out of the Premises on Saturdays between the hours of 9:00 a.m. and 1:00 p.m., provided
Tenant pays additional costs, if any, incurred by Landlord for elevator operators or security guards, and for any other expenses occasioned by such activity of Tenant. To the extent necessary, only the freight elevator shall be used to move freight,
furniture or bulky matter. If, at least three (3) days prior to such activity, Landlord requests that Tenant deposit with Landlord, as security of Tenant’s obligations to pay such additional costs, a sum of which Landlord reasonably
estimates to be the amount of such additional cost, Tenant shall deposit such sum with Landlord as security of such cost. There shall not be used in the Building or Premises, either by Tenant or by others in the delivery or receipt of merchandise,
any hand trucks except those equipped with rubber tires and side guards, and no hand trucks will be allowed in the elevators without the consent of the superintendent of the Building. 

	11.	SAFES AND OTHER HEAVY EQUIPMENT: 

 Landlord reserves the right to prescribe the
weight and position of all safes and other heavy equipment so as to distribute properly the weight thereof and to prevent any unsafe condition from arising. 
  

	12.	AFTER HOURS USE: 

 Landlord reserves the right to exclude from the Building
between the hours of 6:00 p.m. and 8:00 a.m. and at all hours on Saturdays, Sundays and Building Holidays, all persons who do not present a pass to the Building signed by Tenant. Each Tenant shall be responsible for all persons for whom such a pass
is issued and shall be liable to Landlord for the acts of such persons. 
  

	13.	PARKING: 

 Tenant and its employees shall park their cars only in those portions
of the parking area designated by Landlord. Visitor Parking is designated and is clearly marked. Tenant and its employees are prohibited from parking in the visitor parking areas, areas clearly marked as Fire Lanes and the preferred parking spaces
described below unless such vehicles satisfy the requirements for use of same. Preferred parking spaces are reserved for low-emitting and fuel-efficient vehicles, which shall mean vehicles that are either classified as Zero Emission Vehicles by the
California Air Resources Board or have a green score of at least 40 on the American Council for an Energy Efficient Economy annual vehicle rating guide. 
  

	14.	RECYCLING: 

 Tenant, its employees and guests shall comply with the requirements
for recycling set forth in the Sustainability Standards, placing recyclables in the appropriate containers and avoiding contamination of recycling containers with items that are not being recycled. 

 

	15.	SPEED LIMIT: 

 The Speed Limit at the Building’s entrance and within the
garage is 10 MPH. All users of the garage facility are to comply with the posted Speed Limit at all times. 

 EXHIBIT G 

TENANT ESTOPPEL CERTIFICATE 
 TO:
                    (“                    
”) pursuant to that certain                      Agreement (the “Agreement”) dated
            , 20    , by and between                     and
                    (“Landlord”). 

1.        The undersigned (“Tenant”) is the tenant under that certain Office Space Lease
dated             , 20    , by and between Landlord and Tenant (the “Lease”), covering a portion of those certain premises commonly known and designated as
                    ), Pennsylvania, consisting of approximately square feet (the “Premises”). A true, complete and correct copy of the
Lease is attached hereto as Exhibit “A”. 
 2.        The Lease has not been modified,
changed, altered or amended in any respect (except as indicated following this sentence) and is the only lease or agreement between the undersigned and Landlord affecting the Premises. If none, state “none”. 

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________
 

______________________________________________________________________________________________________________________________________________________________________________________________________________________________
 
 3.        The undersigned has made no agreements with Landlord or its agents or employees, which
are not described in the Lease concerning free rent, partial rent, rebate of rental payments or any other type of rental concession with respect to the Lease (except as indicated following this sentence). If none, state “none”. 

______________________________________________________________________________________________________________________________________________________________________________________________________________________________
 

__________________________________________________________________________________________________________________________________________________________________________________________________________________________________
 
 4.        The undersigned accepted possession of the Premises on
            , 20    , currently occupies the Premises and has been open for business since             ,
20    . The current term of the Lease began on             , 20    . The current term of the Lease will expire on
            , 20    , and Tenant has no present right to cancel or terminate the Lease under the terms thereof, or otherwise. No rent payable pursuant to the Lease has
been prepaid for more than one (1) month, and no monies otherwise payable to Landlord under the Lease have been paid in advance of the due date therefor as set forth in the Lease. The Fixed Basic Rent currently being paid under the Lease is
$         per month. Future changes to the Fixed Basic Rent are as set forth in the Lease. The undersigned also pays amounts on account of its share of Operating Expenses and Real Estate Taxes, as set forth in
the Lease, which amounts have been paid to and including             , 20    . 

5.        The Lease is fully valid and enforceable and is currently in full force and effect. Neither
Landlord (to Tenant’s actual knowledge) nor Tenant is in default thereunder, and all conditions and obligations on the part of Landlord to be fulfilled under the terms of the Lease have been satisfied or fully performed including, without
limitation, all required tenant improvements, allowances, alterations, installations and construction, and payment therefor has been made in full. Tenant has no offset, claim, defense or counterclaim against any rent or other sum payable by Tenant
under the Lease or against any other obligation of Tenant under the Lease. No condition exists which with the giving of notice or the passage of time, or both, would constitute a default under the Lease. 

 6.        Tenant has not suffered any assignment of the
Lease or sublet the Premises or any portion thereof, and no person or entity, other than Tenant, has any possessory interest in the Premises or right to occupy the Premises or any portion thereof, except as permitted under the Lease. 

7.        Tenant claims no right, title or interest in or to the Premises or right to possession of
the Premises, except as tenant under the terms of the Lease. The Lease does not contain and the undersigned does not have any outstanding options or rights of first refusal to purchase the Premises or any portion thereof or the Property of which the
Premises are a part, except as otherwise set forth below. If none, state “none”. 

_________________________________________________________________________________________________________________________________________________________________________
 

_________________________________________________________________________________________________________________________________________________________________________________
 
 8.        No actions, whether voluntary or to its knowledge involuntary, are pending against the
undersigned under the bankruptcy laws of the United States or any state thereof, and Tenant knows of no fact or pending or threatened claim or litigation that might result in the insolvency or bankruptcy of Tenant. 

9.        Tenant is a [corporation] [limited partnership] [general partnership] duly organized and
validly existing and in good standing under the laws of the State of                      [and qualified to do business in the State where the
Premises is located]. [                    , a
                    , owns and holds all of the issued and outstanding stock in and of Tenant, and is a separate and distinct entity from Tenant].

 10.      To the actual knowledge of Tenant, without investigation or inquiry, Tenant’s occupancy of
the Premises materially complies with all local, state and federal laws, ordinances, codes, rules, regulations and orders including, without limitation, those concerning hazardous wastes, hazardous materials, asbestos, oil and underground storage
tanks. In addition, to Tenant’s actual knowledge, without investigation or inquiry, no such hazardous wastes, hazardous materials, asbestos, oil or underground storage tanks have been or are incorporated in, stored on or under, released from,
treated on, transported to or from or disposed of, on or from the Premises or any portion thereof. 

11.      To Tenant’s actual knowledge, without investigation or inquiry, all inspections, licenses,
permits, consents, permissions, approvals and certificates required, whether by law, regulation or insurance standards, to be made or issued with respect to the conduct of Tenant’s business, the Premises and the use and occupancy of the
Premises by Tenant have been made by or issued by all necessary private parties, the appropriate governmental or quasi-governmental authorities or other authorities having jurisdiction over the Premises and/or Tenant’s business, are in full
force and effect, and Tenant has not received written notification from any such authority that Tenant or the Premises is in material noncompliance with such laws, regulations or standards, that the Premises is being used, operated or occupied
unlawfully or that Tenant has failed to obtain such inspections, permits, consents, permissions, approvals, licenses or 

 
certificates, as the case may be. Tenant has not received written notice of any violation or failure to conform to any such law, ordinance, regulation, standard, license, permit, consent,
permission, approval or certificate. 
 12.       All insurance policies required to be maintained by
Tenant under the Lease have been maintained, are in full force and effect and all premiums with respect thereto have been paid in full. 

13.       Upon receipt of notice of the closing of the purchase and sale of the Premises as set forth in
the Agreement, Tenant shall recognize as landlord under the Lease, and all payments of rent and other sums due to landlord under the Lease and all communications permitted or required under the Lease shall be directed to
                     c/o                     ,
and all communications permitted or required under the Lease shall be directed to Tenant at the address for Tenant set forth in the Lease (except as otherwise indicated following this sentence), unless and until otherwise specified in written notice
by the party to whom notice is to be given at such address. If none, state “none”. 

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
 

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
 
 14.       This certification is made to induce
                     [to enter into the Agreement] [to provide financing to Landlord] knowing that
                     is relying upon the truth of this Tenant Estoppel Certificate in [entering into the Agreement,] [providing such financing] and
that [the acquisition of the Premises by                      pursuant to the Agreement] [the financing provided to Landlord] shall be deemed good
and valuable consideration to Landlord for the foregoing representations made by Tenant. 
 Dated this      day of
            , 20    . 
  

			
	TENANT:
	
	                                    
                                         
                         ,
	a                                    
                                         
                       
		
	By:	 	 /s/ Brian P. Shanahan

	Name:	 	Brian P. Shanahan
	Title:	 	CEO

 EXHIBIT H 

CONFIRMATION OF LEASE TERM 

THIS MEMORANDUM (this “Memorandum”) is made as of the      day of
            , 20     , between                     , a
                    , with an office at
                    (“Landlord”) and
                    , a                     ,
with its principal place of business at                     
                    (“Tenant”), who entered into a lease dated for reference purposes as of
            , 20     (the “Lease”), covering certain premises located at
                    . All capitalized terms, if not defined herein, shall be defined as they are defined in the Lease. 

1.         The parties to this Memorandum hereby agree that the date of
            , 20    is the Commencement Date of the Term and the date of
                    is the expiration date of the Lease. 

2.      Tenant hereby confirms the following: 

(a)       That it has accepted possession of the Premises pursuant to the terms of the
Lease; 
 (b)       That the improvements, including the Landlord’s Work, required to
be furnished according to the Lease by Landlord have been substantially completed; 

(c)       That Landlord has fulfilled all of its duties of an inducement nature or they are
otherwise set forth in the Lease; 
 (d)        That there are no offsets or credits
against rentals, and the Security Deposit of $         has been paid as provided in the Lease; 

(e)       That there is no default by Landlord or Tenant under the Lease and the Lease is in
full force and effect. 
 3.         This Memorandum, each and all of the provisions hereof,
shall inure to the benefit, or bind, as the case may require, the parties hereto, and their respective successors and assigns, subject to the restrictions upon assignment and subletting contained in the Lease. 

Landlord: 
 Date Signed:
                     
  

			
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Attest:	 	  

 Tenant: 

Date Signed:
                     
  

			
	  

		
	By:	 	 /s/ Brian P. Shanahan

	Name:	 	Brian P. Shanahan
	Title:	 	CEO
	Attest:	 	  

 EXHIBIT I 

SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT 

This Subordination, Non-Disturbance and Attornment Agreement (this ‘Agreement”) dated
            ,         , is made among
                    (“Tenant”), CONTINENTAL SQUARE ASSOCIATES, L.P. (“Landlord”), and BANK OF AMERICA, N.A., a national banking
association (“Mortgagee”). 
 WHEREAS, Mortgagee is the owner of a Promissory Note (herein, as it may have been or may be from
time to time renewed, extended, amended, supplemented, or restated, called the “Note”) dated July 14, 2006, executed by Landlord payable to the order of Mortgagee, in the principal face amount of $35,000,000, bearing interest and
payable as therein provided, secured by, among other things, an Open-End Mortgage, Assignment and Security Agreement (herein, as it may have been or may be from time to time renewed, extended, amended or supplemented, called the
“Mortgage”), recorded or to be recorded in the land records of Montgomery County, Pennsylvania, covering, among other property, the land (the “Land”) described in Exhibit “A” which is attached hereto and incorporated
herein by reference, and the improvements (“Improvements”) thereon (such Land and Improvements being herein together called the “Property”); 

WHEREAS, Tenant is the tenant under a lease from Landlord dated
                    , as amended on
                    ,
                    (herein, as it may from time to time be renewed, extended, amended or supplemented, called the “Lease”), covering a
portion of the Property (said portion being herein referred to as the “Premises”); and 
 WHEREAS, the term “Landlord”
as used herein means the present landlord under the Lease or, if the landlord’s interest is transferred in any manner, the successor(s) or assign(s) occupying the position of landlord under the Lease at the time in question. 

NOW, THEREFORE, in consideration of the mutual agreements herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows: 
 1.      Subordination. Tenant agrees and
covenants that the Lease and the rights of Tenant thereunder, all of Tenant’s right, title and interest in and to the property covered by the Lease, and any lease thereafter executed by Tenant covering any part of the Property, are and shall be
subject, subordinate and inferior to (a) the Mortgage and the rights of Mortgagee thereunder, and all right, title and interest of Mortgagee in the Property, and (b) all other security documents now or hereafter securing payment of any
indebtedness of the Landlord (or any prior landlord) to Mortgagee which cover or affect the Property (the “Security Documents”). This Agreement is not intended and shall not be construed to subordinate the Lease to any mortgage, deed of
trust or other security document other than those referred to in the preceding sentence, securing the indebtedness to Mortgagee. 

 2.      Non-Disturbance. Mortgagee agrees that so long as the Lease
is in full force and effect and Tenant is not in default in the payment of rent, additional rent or other payments or in the performance of any of the other terms, covenants or conditions of the Lease on Tenant’s part to be performed (beyond
the period, if any, specified in the Lease within which Tenant may cure such default), 

A.        Tenant’s possession of the Premises under the Lease shall not be disturbed or
interfered with by Mortgagee in the exercise of any of its foreclosure rights under the Mortgage, including any conveyance in lieu of foreclosure, and 

B.        Mortgagee will not join Tenant as a party defendant for the purpose of terminating
Tenant’s interest and estate under the Lease in any proceeding for foreclosure of the Mortgage. 

3.      Attornment. 

A.        Tenant covenants and agrees that in the event of foreclosure of the Mortgage, whether by
power of sale or by court action, or upon a transfer of the Property by conveyance in lieu of foreclosure (the purchaser at foreclosure or the transferee in lieu of foreclosure, including Mortgagee if it is such purchaser or transferee, being herein
called “New Owner”), Tenant shall attorn to the New Owner as Tenant’s new landlord, and agrees that the Lease shall continue in full force and effect as a direct lease between Tenant and New Owner upon all of the terms, covenants,
conditions and agreements set forth in the Lease and this Agreement, except for provisions which are impossible for New Owner to perform; provided, however, that in no event shall the New Owner be: 

1.        liable for any act, omission, default, misrepresentation, or breach of warranty, of any
previous landlord (including Landlord) or obligations accruing prior to New Owner’s actual ownership of the Property; 

2.        bound by any payment of rent, additional rent or other payments, made by Tenant to any
previous landlord (including Landlord) for more than one (1) month in advance; 

3.        bound by any amendment, or modification of the Lease hereafter made, or consent, or
acquiescence by any previous landlord (including Landlord) under the Lease to any assignment or sublease hereafter granted, without the written consent of Mortgagee; or 

4.        liable for any deposit that Tenant may have given to any previous landlord (including
Landlord) which has not, as such, been transferred to New Owner. 
 B.        The provisions of this
Agreement regarding attornment by Tenant shall be self-operative and effective without the necessity of execution of any new lease or other document on the part of any party hereto or the respective heirs, legal representatives, successors or
assigns of any such party. Tenant agrees, however, to execute and deliver upon the request of New Owner, any instrument or certificate which in the reasonable judgment of New Owner may be necessary or appropriate to evidence such attornment,
including a new lease of the Premises on the same terms and conditions as the Lease for the unexpired term of the Lease. 

 4.      Estoppel Certificate. Tenant agrees to execute and deliver
from time to time, upon the request of Landlord or of any holder(s) of any of the indebtedness or obligations secured by the Mortgage, a certificate regarding the status of the Lease, consisting of statements, if true (or if not, specifying why
not), (a) that the Lease is in full force and effect, (b) the date through which rentals have been paid, (c) the date of the commencement of the term of the Lease, (d) the nature of any amendments or modifications of the Lease,
(e) to the best of Tenant’s knowledge no default, or state of facts which with the passage of time or notice (or both) would constitute a default, exists under the Lease, (f) to the best of Tenant’s knowledge, no setoffs,
recoupments, estoppels, claims or counterclaims exist against Landlord, and (g) such other matters as may be reasonably requested. 

5.      Acknowledgment and Agreement by Tenant. Tenant acknowledges and agrees as follows: 

A.        Tenant acknowledges that the Mortgage contains or will contain an assignment of rents and
leases. Tenant hereby expressly consents to such assignment and agrees that such assignment shall, in all respects, be superior to any interest Tenant has in the Lease of the Property, subject to the provisions of this Agreement. Tenant will not
amend, alter or waive any provision of, or consent to the amendment, alteration or waiver of any provision of the Lease without the prior written consent of Mortgagee. Tenant shall not prepay any rents or other sums due under the lease for more than
one (1) month in advance of the due date therefor. Tenant acknowledges that Mortgagee will rely upon this instrument in connection with such financing. 

B.        Mortgagee, in making any disbursements to Landlord, is under no obligation or duty to
oversee or direct the application of the proceeds of such disbursements, and such proceeds may be used by Landlord for purposes other than improvement of the Property. 

C.        From and after the date hereof, in the event of any act or omission by Landlord which would
give Tenant the right, either immediately or after the lapse of time, to terminate the Lease or to claim a partial or total eviction, Tenant will not exercise any such right (i) until it has given written notice of such act or omission to the
Mortgagee; and (ii) until the same period of time as is given to Landlord under the Lease to cure such act or omission shall have elapsed following such giving of notice to Mortgagee and following the time when Mortgagee shall have become
entitled under the Mortgage to remedy the same, but in any event 30 days after receipt of such notice or such longer period of time as may be necessary to cure or remedy such default, act, or omission including such period of time necessary to
obtain possession of the Property and thereafter cure such default, act, or omission, during which period of time Mortgagee shall be permitted to cure or remedy such default, act or omission; provided, however, that Mortgagee shall have no duty or
obligation to cure or remedy any breach or default. It is specifically agreed that Tenant shall not, as to Mortgagee, require cure of any such default which is personal to Landlord, and therefore not susceptible to cure by Mortgagee. 

D.        In the event that Mortgagee notifies Tenant of a default under the Mortgage, Note, or
Security Documents and demands that Tenant pay its rent and all other sums due under the 

 
Lease directly to Mortgagee, Tenant shall honor such demand and pay the full amount of its rent and all other sums due under the Lease directly to Mortgagee, without offset (except to the extent
permitted under the Lease), or as otherwise required pursuant to such notice beginning with the payment next due after such notice of default, without inquiry as to whether a default actually exists under the Mortgage, Security Documents or
otherwise in connection with the Note, and notwithstanding any contrary instructions of or demands from Landlord. 

E.        Tenant shall send a copy of any notice or statement under the Lease to Mortgagee at the same
time such notice or statement is sent to Landlord if such notice or statement has a material impact on the economic terms, operating covenants or duration of the Lease. 

F.        Tenant has no right or option of any nature whatsoever, whether pursuant to the Lease or
otherwise, to purchase the Premises or the Property, or any portion thereof or any interest therein, and to the extent that Tenant has had, or hereafter acquires, any such right or option, same is hereby acknowledged to be subject and subordinate to
the Mortgage and is hereby waived and released as against Mortgagee and New Owner. 
 G.        This
Agreement satisfies any condition or requirement in the Lease relating to the granting of a non-disturbance agreement and Tenant waives any requirement to the contrary in the Lease. 

H.        Mortgagee and any New Owner shall have no liability to Tenant or any other party for any
conflict between the provisions of the Lease and the provisions of any other lease affecting the Property, including, but not limited to, any provisions relating to exclusive or non-conforming uses or rights, renewal options and options to expand,
and in the event of such a conflict, Tenant shall have no right to cancel the Lease or take any other remedial action against Mortgagee or New Owner, or against any other party for which Mortgagee or any New Owner would be liable. 

  I.        Mortgagee and any New Owner shall have no obligation nor incur any liability
with respect to any warranties of any nature whatsoever, whether pursuant to the Lease or otherwise, including, without limitation, any warranties respecting use, compliance with zoning, Landlord’s title, Landlord’s authority,
habitability, fitness for purpose or possession. 
 J.        In the event that Mortgagee or any New
Owner shall acquire title to the Premises or the Property, Mortgagee or such New Owner shall have no obligation, nor incur any liability, beyond Mortgagee’s or New Owner’s then equity interest, if any, in the Property or the Premises, and
Tenant shall look exclusively to such equity interest of Mortgagee or New Owner, if any, for the payment and discharge of any obligations imposed upon Mortgagee or New Owner hereunder or under the Lease or for recovery of any judgment from
Mortgagee, or New Owner, and in no event shall Mortgagee, New Owner, nor any of their respective officers, directors, shareholders, agents, representatives, servants, employees or partners ever be personally liable for such judgment. 

K.        Tenant has never permitted, and will not permit, the generation, treatment, storage or
disposal of any hazardous substance as defined under federal, state, or local law, on the Premises or Property except for such substances of a type and only in a quantity normally used in 

 
connection with the occupancy or operation of buildings (such as non-flammable cleaning fluids and supplies normally used in the day to day operation of first class establishments similar to the
Improvements), which substances are being held, stored, and used in strict compliance with federal, state, and local laws. Tenant shall be solely responsible for and shall reimburse and indemnify Landlord, New Owner or Mortgagee, as applicable, for
any loss, liability, claim or expense, including without limitation, cleanup and all other expenses, including, without limitation, legal fees that Landlord, New Owner or Mortgagee, as applicable, may incur by reason of Tenant’s violation of
the requirements of this Paragraph 5(K). 
 6.      Acknowledgment and Agreement by Landlord. Landlord, as
landlord under the Lease and grantor under the Mortgage, acknowledges and agrees for itself and its heirs, representatives, successors and assigns, that: (a) this Agreement does not constitute a waiver by Mortgagee of any of its rights under
the Mortgage, Note, or Security Documents, or in any way release Landlord from its obligations to comply with the terms, provisions, conditions, covenants, agreements and clauses of the Mortgage, Note, or Security Documents; (b) the provisions
of the Mortgage, Note, or Security Documents remain in full force and effect and must be complied with by Landlord; and (c) Tenant is hereby authorized to pay its rent and all other sums due under the Lease directly to Mortgagee upon receipt of
a notice as set forth in paragraph 5(d) above from Mortgagee and that Tenant is not obligated to inquire as to whether a default actually exists under the Mortgage, Security Documents or otherwise in connection with the Note. Landlord hereby
releases and discharges Tenant of and from any liability to Landlord resulting from Tenant’s payment to Mortgagee in accordance with this Agreement. Landlord represents and warrants to Mortgagee that a true and complete copy of the Lease has
been delivered by Landlord to Mortgagee. 
 7.      Lease Status. Landlord and Tenant certify to Mortgagee
that neither Landlord nor Tenant has knowledge of any default on the part of the other under the Lease, that the Lease is bona fide and contains all of the agreements of the parties thereto with respect to the letting of the Premises and that all of
the agreements and provisions therein contained are in full force and effect. 
 8.      Notices. All notices,
requests, consents, demands and other communications required or which any party desires to give hereunder shall be in writing and shall be deemed sufficiently given or furnished if delivered by personal delivery, by telegram, telex, or facsimile,
by expedited delivery service with proof of delivery, or by registered or certified United States mail, postage prepaid, at the addresses specified at the end of this Agreement (unless changed by similar notice in writing given by the particular
party whose address is to be changed). Any such notice or communication shall be deemed to have been given either at the time of personal delivery or, in the case of delivery service or mail, as of the date of first attempted delivery at the address
and in the manner provided herein, or, in the case of telegram, telex or facsimile, upon receipt. Notwithstanding the foregoing, no notice of change of address shall be effective except upon receipt. This Paragraph 8 shall not be construed in any
way to affect or impair any waiver of notice or demand provided in this Agreement or in the Lease or in any document evidencing, securing or pertaining to the loan evidenced by the Note or to require giving of notice or demand to or upon any person
in any situation or for any reason. 

 9.      Miscellaneous. 

A.        This Agreement supersedes any inconsistent provision of the Lease. 

B.        Nothing contained in this Agreement shall be construed to derogate from or in any way
impair, or affect the lien, security interest or provisions of the Mortgage, Note, or Security Documents. 

C.        This Agreement shall inure to the benefit of the parties hereto, their respective successors
and permitted assigns, and any New Owner, and its heirs, personal representatives, successors and assigns; provided, however, that in the event of the assignment or transfer of the interest of Mortgagee, all obligations and liabilities of the
assigning Mortgagee under this Agreement shall terminate, and thereupon all such obligations and liabilities shall be the responsibility of the party to whom Mortgagee’s interest is assigned or transferred; and provided further that the
interest of Tenant under this Agreement may not be assigned or transferred without the prior written consent of Mortgagee. 

D.        THIS AGREEMENT AND ITS VALIDITY, ENFORCEMENT AND INTERPRETATION SHALL BE GOVERNED BY THE
LAWS OF THE COMMONWEALTH OF PENNSYLVANIA AND APPLICABLE UNITED STATES FEDERAL LAW EXCEPT ONLY TO THE EXTENT, IF ANY, THAT THE LAWS OF THE STATE IN WHICH THE PROPERTY IS LOCATED NECESSARILY CONTROL. 

E.        The words “herein”, “hereof, “hereunder” and other similar
compounds of the word “here” as used in this Agreement refer to this entire Agreement and not to any particular section or provision. 

F.        This Agreement may not be modified orally or in any manner other than by an agreement in
writing signed by the parties hereto or their respective successors in interest. 
 G.        If any
provision of the Agreement shall be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality or unenforceability shall not apply to or affect any other provision hereof, but this Agreement shall be construed as if
such invalidity, illegality, or unenforceability did not exist. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and sealed
as of the date first above written. 
  

							
	ADDRESS OF MORTGAGEE:	 		 	MORTGAGEE:
			
	Bank of America, N.A.	 		 	BANK OF AMERICA, NA.
	1600 John F. Kennedy Boulevard	 		 		 	
	Philadelphia, PA 19103	 		 		 	
	Attn: Real Estate Banking Group	 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
		 		 		 	
			
	ADDRESS OF TENANT:	 		 	TENANT:
			
	                                      
                                         
                                  	 		 	[NAME OF/TENANT]
	                                      
                                         
                                  	 		 		 	
	                                      
                                         
                                  	 		 	By:	 	 /s/ Brian P. Shanahan

	Attn:                                     
                                         
                         	 		 	Name:	 	 Brian P. Shanahan
		 		 	Title:	 	 CEO
		 		 		 	
			
	ADDRESS OF LANDLORD:	 		 	LANDLORD:
		 		 		 	
			
	Continental Square Associates, L.P.	 		 	CONTINENTAL SQUARE ASSOCIATES, L.P.
	c/o BPG Properties, Ltd.	 		 		 	
	Attention: Stephen M. Spaeder	 		 		 	
	770 Township Line Road	 		 		 	
	 Suite 150
 Yardley, PA 19067
	 		 	By:	 	 Continental Square, LLC, its sole
 general
partner

				
		 		 		 	By:                                     
                                         
                               
		 		 		 	Name:
		 		 		 	Title:

					
	STATE OF	 	:	  	
		 		  	SS.
	COUNTY OF	 	:	  	

 On the      day of
            , 20      before me, a Notary Public in and for the State and County aforesaid, personally appeared
                    , who acknowledged her/himself to be the
                     of Bank of America, N A., and that she/he as such
                    , being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of Bank of
America, NA. by her/himself as such                     . 

IN WITNESS WHEREOF, I have hereunto set my hand and official seal. 

 

	
	  

	
	Notary Public

 My Commission expires: 

					
	COMMONWEALTH OF PENNSYLVANIA	 	:	  	
		 		  	SS.
	COUNTY OF PHILADELPHIA	 	:	  	

 On the      day of
            , 2012 before me, a Notary Public in and for the Commonwealth and County aforesaid, personally appeared
                    , who acknowledged himself to be the
                     of Continental Square, LLC, the general partner of Continental Square Associates, L.P., and that he as such
                    , being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the
general partner of the limited partnership by himself as such                     . 

IN WITNESS WHEREOF, I have hereunto set my hand and official seal. 

 

	
	  

	Notary Public

 My Commission expires: 

					
	COMMONWEALTH OF PENNSYLVANIA	 	:	  	
		 		  	SS.
	COUNTY OF WASHINGTON	 	:	  	

 On the 5th day of April, 2012 before me, a Notary Public in and for the State and County aforesaid, personally
appeared Brian P. Shanahan who acknowledged her/himself to be the CEO of Financial Transaction Services and that she/he as such CEO being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name
of Brian P. Shanahan by her/himself as such CEO. 
 IN WITNESS WHEREOF, I have hereunto set my hand and official seal. 

 

	
	 /s/ Jennifer L. Sheets

	
	Notary Public

 My Commission expires: [stamp] 

 EXHIBIT “A” 

LEGAL DESCRIPTION OF THE LAND 

ALL THAT CERTAIN PARCEL OF LAND SITUATE in Upper Merion Township, Montgomery County, Pennsylvania, being shown on Final Land
Development Plan of 1000 Continental Square prepared for Continental Square Associates, LP dated October 25, 2002 and last revised December 18, 2003 by Chester Valley Engineers, Inc., Paoli, Pennsylvania and as set forth on that certain
ALT A/ACS Land Title Survey also prepared by Chester Valley Engineers, Inc., dated June 30, 2006, last revised July 13, 2006, as Project No. 18042, and being more fully described as follows: 

BEGINNING at the northwesterly corner thereof, a point in line of lands now or formerly of 1030 Continental Associates, said point of
beginning being measured South 36 degrees 38 minutes 40 seconds East 52.00 feet from a point on the former title line of Route 202 (S.R. 0202); thence from the point of beginning, along the Required Right of Way Line for Limited Access of Route
202 (S.R. 0202), the following five (5) courses and distances: (1) North 75 degrees 04 minutes 29 seconds East a distance of 61.01 feet; (2) North 14 degrees 07 minutes 03 seconds West a distance of 8.10 feet; (3) North
75 degrees 52 minutes 57 seconds East a distance of 390.00 feet; (4) South 87 degrees 25 minutes 06 seconds East a distance of 52.20 feet; (5) North 75 degrees 52 minutes 57 seconds East a distance of 88.72 feet to a point in line of lands
now or formerly of Liberty Property L.P.; thence along said lands, the following two (2) courses and distances: (1) leaving said Required Right of Way Line, South 36 degrees 37 minutes 40 seconds East a distance of 579.98 feet;
(2) South 69 degrees 45 minutes 40 seconds West a distance of 519.75 feet to a point on the northeasterly Dedicated Right of Way Line of Continental Road (T-501); thence along said Right of Way Line, the following two (2) courses and
distances: (1) North 38 degrees 14 minutes 28 seconds West a distance of 350.65 feet to a point of curvature; (2) along the arc of a circle curving to the left having a radius of 160.00 feet, an arc length of 40.10 feet, and a chord
bearing North 45 degrees 25 minutes 19 seconds West a distance of 40.00 feet to a point on the Legal Right of Way Line of Continental Road; thence along said right of way line, the following three (3) courses and distances: (1) North 38
degrees 14 minutes 28 seconds West a distance of 41.56 feet; (2) along the arc of a circle curving to the left having a radius of 175.00 feet, an arc length of 44.77 feet, and a chord bearing North 73 degrees 13 minutes 51 seconds West a
distance of 44.65 feet; (3) along the northern terminus of the Legal Right of Way Line of Continental Road and also along the line of lands now or formerly of 1030 Continental Associates, North 36 degrees 38 minutes 40 seconds West a
distance of 197.25 feet to a point, the first mentioned point and place of beginning. 
 CONTAINING 7.408 acres of land, be the same,
more or less. 

 EXHIBIT J 

SUSTAINABILITY RULES AND REGULATIONS 

Landlord desires to reduce the landfill waste stream from the Building, maintain good air quality in the Building, and promote use of environmentally
preferred products, conservation of utilities consumption, and environmentally preferred means of transportation to and from the Building. The following Sustainability Rules and Regulations support those objectives and are supplemental to existing
Rules and Regulations. If any of the following conflict with existing Rules and Regulations, the following will govern and control. 
  

	1.	RECYCLING BUILDING STANDARDS: 

 The Building policy is to recycle paper, glass, plastics,
cardboard (including chipboard such as cereal boxes, and old corrugated cardboard), and metals, to the extent a cost-effective commercial hauler is available, and toner cartridges and all portable dry-cell batteries. Recyclable items may not be
placed in trash receptacles. All recycling will be managed by Landlord with commingling or separation as required by the commercial hauler, except that recycling of toner cartridges and portable dry-cell batteries will be each tenant’s
responsibility. Options for recycling toner cartridges and portable dry-cell batteries are provided in the appendix to these rules. 
 Landlord will notify
tenant of permitted commingling or required separation of recyclables from time to time, consistent with the capabilities of the commercial hauler. Each tenant must establish clearly labeled designated bins within their space for commingling and
separating of recyclables as required. At a minimum, bins for recyclable papers should be located in each copy room or area, and bins for the other recycling should be located in each kitchenette/break room. Tenant, its employees and guests shall
comply with requirements for recycling, placing recyclables in appropriate containers and avoiding contamination of recycling containers with items that are not being recycled or are not allowed to be commingled. 

 

	2.	LIGHTING: 

 The Building policy is, to the extent possible without replacement of fixtures that
have not reached their useful life and as feasible, to procure, use and recycle lamps (light bulbs) with reduced mercury content. If a tenant is responsible for lamp replacement, whether for hard-wired or portable fixtures, the tenant must purchase
lamps with as reduced mercury content as possible and recycle lamps if feasible. If tenant purchases lamps with no mercury, they must be as energy efficient as comparable mercury-containing lamps. 

 

	3.	USE OF PRODUCTS WITH VOLATILE ORGANIC COMPOUNDS: 

 Any work in the Building that requires the use
of adhesives, sealants, sealant primers, paints, coatings, primers, carpets, carpet pads, wood and agrifiber products must meet the low or no volatile organic compounds standards provided in the appendix to these rules for that product type, as
amended from time to time. 

	4.	CERTIFIED AND ENVIRONMENTALLY PREFERRED CLEANING PRODUCTS: 

 Unless provided otherwise in the
lease, a tenant shall not employ any persons other than Landlord’s janitors for the purpose of cleaning the Premises without prior written consent of Landlord. If a tenant is permitted or required to perform or cause to be performed any
cleaning and/or purchase any cleaning products, the same must comply at all times with applicable Green Seal standards and be a Green Seal (http://www.greenseal.org/findaproduct/index.cfm), Environmental Choice
(http://www.ecologo.org/en/) or U.S. EPA Comprehensive Procurement Guideline (http://www.epa.gov/cpg/products.htm) approved, environmentally preferred product. 
  

	5.	NO-SMOKING BUILDING STANDARDS: 

 Smoking tobacco is prohibited within the Building and allowed
outside the Building only in Landlord designated areas which are at least 25 feet away from Building entries, outdoor air intakes and operable windows. All other areas, including tenant spaces, sidewalks, entrances, bathrooms, elevators, vestibules,
stairways, corridors and other public parts of the Building are smoke-free areas. 
  

	6.	BUILDING STANDARDS FOR ALTERATIONS AND CONSTRUCTION ACTIVITIES: 

 All alteration and construction
activities affecting more than one room and utilizing more than one trade shall be conducted under an Indoor Air Quality (IAQ) Best Management Practices: Management for Facility Alterations and Additions established and implemented in accordance
with the requirements LEED for Existing Buildings (January 2008) EQ Credit 1.5, as amended from time to time. Reasonable efforts shall be made in connection with such alteration and construction activities to meet or exceed the requirements for
Sustainable Purchasing: Facility Alterations and Additions and for Solid Waste Management: Facility Alterations and Additions of LEED for Existing Buildings (January 2008) MR Credits 3 and 9, as amended from time to time. See
www.usgbc.org/ShowFile.aspx?DocumentID=3617 for details. 
  

	7.	SUSTAINABILITY PRACTICES AND BENCHMARKING: 

 Landlord may request from time to time, and tenant
shall promptly provide, documentation of compliance with sustainability rules and regulations for verification and benchmarking building-wide performance. Upon request, a tenant shall also promptly provide Landlord with copies of or access to
billing information for any utilities billed directly to tenant by a utility company so that Landlord may complete and maintain benchmarking of the building to the national EnergyStar program. 

 

	8.	PARKING: 

 Landlord may establish preferred parking spaces reserved for car/van pool vehicles or
for low-emitting and fuel-efficient vehicles, which shall mean vehicles that are either classified as Zero Emission Vehicles by the California Air Resources Board or have a green score of at least 40 on the American Council Tor an Energy Efficient
Economy annual vehicle rating guide. Tenant and its employees are prohibited from parking in any preferred parking spaces unless vehicle being parked satisfies the requirements for use of same. 

 Sustainability Rules and Regulations 

Appendix 
 Tenant guidelines for recycling
toner cartridges and portable dry cell batteries: 
  

	 	•	 	Toner cartridges may not be disposed of for trash hauling and must be recycled by tenants either through a supplier’s take-back program (for more information see
http://www.usmayors.org/USCM/uscm_projects_services/buy_recycled/tonerbrochure3.htm) or an independent recycler such as: 

  

	 	¡ 	 	http ://www.empties4cash.com/index.html 

  

	 	¡ 	 	http://www.recycleplace.com 

  

	 	¡ 	 	http://ww.recycle4charity.com/store.tpl?rnd=5577&cart=C9346DC3-6F05-4935-9443-79E43F0889CE 

  

	 	¡ 	 	http://www.cecharity.com/TonerRecycle02.asp 

 A google search of “recycling toner
cartridges” will provide a tenant with additional options for cash or charitable donations programs for recycling toner cartridges. 
  

	 	•	 	Dry-cell batteries must be recycled or otherwise disposed of in compliance with law. You may not dispose of dry-cell batteries for trash hauling. To find a recycler nearest to you go to
http://www.ehso.com/ehso2.php?URL=http%3A%2F%2Fwww.earth911 .org/master.asp? s=ls&serviceid=126 and enter “batteries” and your zip code in the search boxes provided at the top of the page. For recycling batteries by mail
consider programs such as the one found at http.7/www.batteryrecycling.com/freebattrecprog.html. 

 Standards for low or no VOCs
products: 
 Adhesives, Sealants and Sealant Primers 

Adhesives, sealants and sealant primers must meet the volatile organic compound (VOC) limit requirements of South Coast Air Quality Management District
(SCAQMD) Rule #1168. The VOC limits are listed in the table below and correspond to an effective date of July 1, 2005 and rule amendment date of January 7, 2005. 
  

			
	Architectural Applications	  	
VOC Limit

[g/L less water]

	 Indoor Carpet Adhesives
	  	50
	 Carpet Pad Adhesives
	  	50
	 Wood Flooring Adhesives
	  	100
	 Rubber Floor Adhesives
	  	60
	 Subfloor Adhesives
	  	50
	 Ceramic Tile Adhesives
	  	65
	 VCT & Asphalt Adhesives
	  	50
	 Drywall & Panel Adhesives
	  	50
	 Cove Base Adhesives
	  	50
	 Multipurpose Construction Adhesives
	  	70
	 Structural Glazing Adhesives
	  	100

			
	 Specialty Applications
	  	 VOC Limit [g/L

less water]

	 PVC Welding
	  	510
	 CPVC Welding
	  	490
	 ABS Welding
	  	325
	 Plastic Cement Welding
	  	250
	 Adhesive Primer for Plastic
	  	550
	 Contact Adhesive
	  	80
	 Special Purpose Contact Adhesive
	  	250
	 Structural Wood Member Adhesive
	  	140
	 Sheet Applied Rubber Lining Operations
	  	850
	 Top & Trim Adhesive
	  	250
		
	 Substrate Specific Applications
	  	 VOC Limit [g/L

less water]

	 Metal to Metal
	  	30
	 Plastic Foams
	  	50
	 Porous Material (except wood)
	  	50
	 Wood
	  	30
	 Fiberglass
	  	80
		
	 Sealant Primers
	  	 VOC Limit [g/L

less water]

	 Architectural Non Porous
	  	250
	 Architectural Porous
	  	775
	 Other
	  	750
		
	 Sealants
	  	 VOC Limit [g/L

less water]

	 Architectural
	  	250
	 Nonmembrane Roof
	  	300
	 Roadway
	  	250
	 Single-Ply Roof Membrane
	  	450
	 Other
	  	420

 Coatings 

Architectural paints, coatings and primers applied to interior walls and ceilings may not exceed the VOC content limits of 50 g/L for Flats and 150 g/L for
Non-Flats, established in Green Seal Standard GS-11, Paints, First Edition, May 20, 1993. 
 Anti-corrosive and anti-rust paints applied to interior
ferrous metal substrates may not exceed the VOC content limit of 250 g/L established in Green Seal Standard GC-03, Anti-Corrosive Paints, Second Edition, January 7, 1997. 

Clear wood finishes, floor coatings, stains, and shellacs applied to interior elements may not exceed the following VOC content limits established in South
Coast Air Quality Management District (SCAQMD) Rule 1113, Architectural Coatings, rules in effect on January 1, 2004. 
  

	 	•	 	Clear wood finishes: varnish 350 g/L; lacquer 550 g/L 

	 	•	 	Floor coatings: 100 g/L 

	 	•	 	Sealers: waterproofing sealers 250 g/L; sanding sealers 275 g/L; all other sealers 200 g/L 

	 	•	 	Shellacs: Clear 730 g/L; pigmented 550 g/L 

	 	•	 	Stains: 250 g/L 

 Carpets 

All carpet installed in the building interior must meet the testing and product requirements of the Carpet and Rug Institute’s Green Label Plus program.

 All carpet cushion installed in the building interior shall meet the requirements of the Carpet and Rug Institute Green Label program. 

Wood and Agrifiber Products 
 Composite wood and
agrifiber products used on the interior of the building (defined as inside of the weatherproofing system) must contain no added urea-formaldehyde resins. Laminating adhesives used to fabricate on-site and shop-applied composite wood and agrifiber
assemblies must contain no added urea-formaldehyde resins. Composite wood and agrifiber products are defined as: particleboard, medium density fiberboard (MDF), plywood, wheatboard, strawboard, panel substrates and door cores. Materials considered
fit-out, furniture, and equipment (FF&E) are not considered base building elements and are not restricted, though tenants are encouraged to conform this standard with respect to FF&E. 

 EXHIBIT K 

LETTER OF CREDIT 
 Letter of Credit No.
                     
 Date:
            , 2012 
 Amount: US$ 300,000.00 

Beneficiary: 
 Continental Square Associates, L.P. 

Attention: General Counsel 
 770 Township Line Road, Suite 150

 Yardley, Pennsylvania 19067 
 Ladies and Gentlemen: 

At the request and for the account of Financial Transaction Services, LLC, the Tenant under the below referenced Lease, we hereby establish
our Irrevocable Letter of Credit in your favor in the amount of Three Hundred Thousand and 00/100 United States Dollars (US$300,000.00) available with us at our above office by payment of your draft(s) drawn on us at sight accompanied by your signed
and dated statement signed by the Beneficiary or its successor by operation of law, certifying that Beneficiary is entitled to draw upon this Letter of Credit in the amount shown on the sight draft pursuant to the terms of that certain Office Space
Lease dated             , 2012 by and between Financial Transaction Services, LLC, as Tenant, and Continental Square Associates, L.P., as Landlord (the “Lease”). 

Partial drawings and multiple presentations are permitted under this Letter of Credit. 

Each draft must be marked “Drawn under
                     Bank, N.A. Letter of Credit No.
                    ”. 
 Each
draft must also be accompanied by the original of this Letter of Credit, and any amendments, for our endorsement on this Letter of Credit of our payment of such draft. 

Notwithstanding any other provision of this Letter of Credit, this Letter of Credit expires at our above office on December 31, 2012 but
shall be automatically extended, without written amendment, for additional one (1) year periods , but in any event not beyond, December 31, 2030, unless at least forty-five (45) days prior to any Expiration Date we notify you in
writing at your address above to the attention of General Counsel by certified mail or Federal Express overnight courier service that we elect not to extend this Letter of Credit beyond the date specified in such notice (the “Expiration
Date”). Upon your receipt of such notice of the non-renewal of this Letter of Credit, you may also draw under this Letter of Credit by presentation to 

 
us at our above address, on or before the Expiration Date, of your draft drawn on us at sight accompanied by your signed and dated statement worded as follows: 

“The undersigned beneficiary hereby certifies that we have received notice of non-renewal from
                     Bank, N.A. that
                     Bank Letter of Credit No.
                     will not be extended beyond its current expiry date.” 

This Letter of Credit is transferable one or more times, but in each instance to a single transferee and only in the full amount available to
be drawn under this Letter of Credit at the time of such transfer. Any such transfer must be effected only through us upon presentation to us at our above-specified office of a duly completed transfer form, together with the original of this Letter
of Credit, and any amendments. Any transfer of this Letter of Credit may not change the place of expiration of this Letter of Credit from our above-specified office. Each transfer shall be evidenced by our endorsement on the reverse of the original
of this Letter of Credit, and we shall deliver the original of this Letter of Credit so endorsed to the transferee. 
 This Letter of Credit
is subject to the International Standby Practices 1998, International Chamber of Commerce Publication No. 590, and engages us in accordance therewith. 
  

			
	Very truly yours,
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 EXHIBIT B 

LIST OF FURNITURE AND EQUIPMENT 

Description and Quantity 
 Server room desk and storage
cabinets 1 
 Copy room storage cabinets 1 
 Blackout shades for
Board Room N/A 
 6 Desks - Rectangular Desk Shell - 71Wx36Dx29-1/2H-American Cherry 6 

6 Storage Options-Box/Box/File Pedestal w/Lock-American Cherry 6 

4 Storage Options-File/File Pedestal w/Lock - American Cherry 4 

4 Return Shell - Reversible - 48Wx24Dx29-1/2H - American Cherry 4 

Mesh Seating (Special Order) Executive chair w/ Arms. 6 

Delivery & Installation of Desks & Storage Units 1 

Wireless Network TVs-One in Office Area & One in training room 2 

Open Office - Sales Workstations - 18 Workstations 18 
 Medium
Offices - 8 Desk Units 8 
 Large Offices - 4 Wood Desks 4 

Small Offices - 8 Desk Units 8 
 Open Office - IT Workstations -
Workstation 12 
 President’s Office - Wood Desk 1 

Boardroom - 16 Chairs 16 
 Open Office - Sales Workstations - 18
Task Chairs 18 
 Large Offices - 4 Desk Chairs 4 
 Common Files
- Common Filing Cabinets 2 
 Open Office - IT Workstations - 12 Task Chairs 12 

Medium Offices - 8 Desk Chairs 8 
 Small Offices - 8 Desk Chairs 8

 Conference Room - 8 Chairs 8 
 Reception - 4 Lounge Chairs 4
Lounge Chairs 4 
 Medium Offices - 16 Guest Chairs 16 

Reception - Bench 1 
 President’s Office - Desk Chair 1 

Small Offices - 8 Guest Chairs 8 
 Open Office - Sales
Workstations - 8 Side Chairs 8 
 Kitchen - 6 Stools 6 

Reception - Cocktail Table 1 
 Kitchen - 3 30” Tables 3 

Kitchen - 2 36” Café Tables 2 
 Open Office - Sales
Workstations - 2 36” Tables 2 
 Kitchen - 6 Chairs 6 

Reception - Desk Chair Desk Chair 1 
 Open Office - Sales
Workstations - 42” Table 1 
 Boardroom - 16 Chairs 16 

Medium Offices - 2 Desk Units 2 
 Large Offices - 12 Guest Chairs
12 
 Admin Workstation - Workstation 1 
 Large Offices - 4
Round Tables 4 
 Conference Room - 8 Chairs 8 
 Medium Offices
- 4 Guest Chairs 4 
 President’s Office - 2 Guest Chairs 2 

Reconfigure 9 workstations for IT 9 
 Duo; Storage-Tall, Shared,
Legs, 18Dx15Hx66W (File Cabinets) 3 
 KOP - Waiting Area - Await; Sofa-4 seat, Modular, Black polyurethane resin legs 1 

KOP - Waiting Area - Await; Table-Freestanding, Round, High 2 

KOP - Jeff’s Office Additions - Switch; Chair, Trivalent matte chrome legs 2 

KOP - Jeff’s Office Additions - Switch; Sofa-3 seat, Trivalent matte chrome legs 1 

KOP - Jeff’s Office Additions - Table-Occasional, Square, Veneer, 36Wx15H 1 

KOP - Jeff’s Office Additions - Aluminum Shelf 1 
 Office
Storage N/A 
 1-3 drawer file cabinet 1 
 24x72” Credenza
1 
 36” Lateral File Cabinet w/ 36” Double Door Unit 1 

 EXHIBIT C 

SUBTENANT IMPROVEMENTSEX-4.4

 Exhibit 4.4 

FORM OF SENIOR INDENTURE 
  

 
 ALDERYA THERAPEUTICS, INC.

 ISSUER 
 and

 [            ], 

TRUSTEE 
  

 
 INDENTURE

 Dated as of [            ], 201[  ] 

 
  

Senior Debt Securities 
  

 
  

 CROSS-REFERENCE TABLE (1) 

 

			
	 Section of Trust Indenture Act of 1939, as amended
	  	 Section of
Indenture

	 310(a)
	  	7.09
	 310(b)
	  	7.08
		  	7.10
	 310(c)
	  	Inapplicable
	 311(a)
	  	7.13
	 311(b)
	  	7.13
	 311(c)
	  	Inapplicable
	 312(a)
	  	5.01
		  	5.02(a)
	 312(b)
	  	5.02(c)
	 312(c)
	  	5.02(c)
	 313(a)
	  	5.04(a)
	 313(b)
	  	5.04(b)
	 313(c)
	  	5.04(a)
		  	5.04(b)
	 313(d)
	  	5.04(b)
		  	5.04(c)
	 314(a)
	  	5.03
		  	13.05(c)
	 314(b)
	  	Inapplicable
	 314(c)
	  	13.05
	 314(d)
	  	Inapplicable
	 314(e)
	  	13.05
	 314(f)
	  	Inapplicable
	 315(a)
	  	7.01(b)
		  	7.02
	 315(b)
	  	5.04(d)
	 315(c)
	  	7.01
	 315(d)
	  	7.01
		  	7.02
	 315(e)
	  	6.07
	 316(a)
	  	6.06
		  	8.04
	 316(b)
	  	6.04
	 316(c)
	  	8.01
	 317(a)
	  	6.02
	 317(b)
	  	4.03
	 318(a)
	  	13.06

  

	(1)	This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions. 

  
 i 

 TABLE OF CONTENTS (2) 

 

					
	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
		
	 SECTION 1.01 Definitions of Terms.
	  	 	1	  
		
	 ARTICLE II
	  	 	4	  
		
	 SECTION 2.01 Forms Generally.
	  	 	4	  
	 SECTION 2.02 Form of Trustee’s Certificate of Authentication.
	  	 	5	  
	 SECTION 2.03 Securities Issuable in Global Form.
	  	 	5	  
		
	 ARTICLE III ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES
	  	 	6	  
		
	 SECTION 3.01 Designation and Terms of Securities.
	  	 	6	  
	 SECTION 3.02 Form of Securities and Trustee’s Certificate.
	  	 	7	  
	 SECTION 3.03 Denominations; Provisions for Payment.
	  	 	8	  
	 SECTION 3.04 Execution and Authentications.
	  	 	9	  
	 SECTION 3.05 Registration of Transfer and Exchange.
	  	 	9	  
	 SECTION 3.06 Temporary Securities.
	  	 	10	  
	 SECTION 3.07 Mutilated, Destroyed, Lost or Stolen Securities.
	  	 	11	  
	 SECTION 3.08 Cancellation.
	  	 	11	  
	 SECTION 3.09 Benefits of Indenture.
	  	 	12	  
	 SECTION 3.10 Authenticating Agent.
	  	 	12	  
	 SECTION 3.11 Global Securities.
	  	 	12	  
		
	 ARTICLE IV REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS
	  	 	13	  
		
	 SECTION 4.01 Redemption.
	  	 	13	  
	 SECTION 4.02 Notice of Redemption.
	  	 	13	  
	 SECTION 4.03 Payment Upon Redemption.
	  	 	14	  
	 SECTION 4.04 Sinking Fund.
	  	 	15	  
	 SECTION 4.05 Satisfaction of Sinking Fund Payments with Securities.
	  	 	15	  
	 SECTION 4.06 Redemption of Securities for Sinking Fund.
	  	 	15	  
		
	 ARTICLE V COVENANTS
	  	 	15	  
		
	 SECTION 5.01 Payment of Principal, Premium and Interest.
	  	 	15	  
	 SECTION 5.02 Maintenance of Office or Agency.
	  	 	16	  
	 SECTION 5.03 Paying Agents.
	  	 	16	  
	 SECTION 5.04 Appointment to Fill Vacancy in Office of Trustee.
	  	 	17	  
		
	 ARTICLE VI SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	  	 	17	  
		
	 SECTION 6.01 Company to Furnish Trustee Names and Addresses of Securityholders.
	  	 	17	  
	 SECTION 6.02 Preservation Of Information; Communications With Securityholders.
	  	 	17	  
	 SECTION 6.03 Reports by the Company.
	  	 	17	  
	 SECTION 6.04 Reports by the Trustee.
	  	 	18	  
		
	 ARTICLE VII REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
	  	 	19	  
		
	 SECTION 7.01 Events of Default.
	  	 	19	  
	 SECTION 7.02 Suits for Enforcement by Trustee.
	  	 	20	  
	 SECTION 7.03 Application of Moneys Collected.
	  	 	21	  

  
 ii 

					
	 SECTION 7.04 Limitation on Suits.
	  	 	21	  
	 SECTION 7.05 Rights and Remedies Cumulative; Delay or Omission Not Waiver.
	  	 	22	  
	 SECTION 7.06 Control by Securityholders.
	  	 	22	  
	 SECTION 7.07 Undertaking to Pay Costs.
	  	 	23	  
		
	 ARTICLE VIII CONCERNING THE TRUSTEE
	  	 	23	  
		
	 SECTION 8.01 Certain Duties and Responsibilities of Trustee.
	  	 	23	  
	 SECTION 8.02 Certain Rights of Trustee.
	  	 	24	  
	 SECTION 8.03 Trustee Not Responsible for Recitals or Issuance or Securities.
	  	 	25	  
	 SECTION 8.04 May Hold Securities.
	  	 	25	  
	 SECTION 8.05 Moneys Held in Trust.
	  	 	25	  
	 SECTION 8.06 Compensation and Reimbursement.
	  	 	25	  
	 SECTION 8.07 Reliance on Officers’ Certificate.
	  	 	26	  
	 SECTION 8.08 Disqualification; Conflicting Interests.
	  	 	26	  
	 SECTION 8.09 Corporate Trustee Required; Eligibility.
	  	 	26	  
	 SECTION 8.10 Resignation and Removal; Appointment of Successor.
	  	 	26	  
	 SECTION 8.11 Acceptance of Appointment By Successor.
	  	 	27	  
	 SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business.
	  	 	28	  
	 SECTION 8.13 Preferential Collection of Claims Against the Company.
	  	 	29	  
		
	 ARTICLE IX CONCERNING THE SECURITYHOLDERS
	  	 	29	  
		
	 SECTION 9.01 Evidence of Action by Securityholders.
	  	 	29	  
	 SECTION 9.02 Proof of Execution by Securityholders.
	  	 	30	  
	 SECTION 9.03 Who May be Deemed Owners.
	  	 	30	  
	 SECTION 9.04 Certain Securities Owned by Company Disregarded.
	  	 	30	  
	 SECTION 9.05 Actions Binding on Future Securityholders.
	  	 	30	  
		
	 ARTICLE X SUPPLEMENTAL INDENTURES
	  	 	31	  
		
	 SECTION 10.01 Supplemental Indentures Without the Consent of Securityholders.
	  	 	31	  
	 SECTION 10.02 Supplemental Indentures With Consent of Securityholders.
	  	 	31	  
	 SECTION 10.03 Effect of Supplemental Indentures.
	  	 	32	  
	 SECTION 10.04 Securities Affected by Supplemental Indentures.
	  	 	32	  
	 SECTION 10.05 Execution of Supplemental Indentures.
	  	 	32	  
		
	 ARTICLE XI SUCCESSOR ENTITY
	  	 	33	  
		
	 SECTION 11.01 Company May Consolidate, Etc.
	  	 	33	  
	 SECTION 11.02 Successor Entity Substituted.
	  	 	33	  
	 SECTION 11.03 Evidence of Consolidation, Etc. to Trustee.
	  	 	34	  
		
	 ARTICLE XII SATISFACTION AND DISCHARGE
	  	 	34	  
		
	 SECTION 12.01 Satisfaction and Discharge of Indenture.
	  	 	34	  
	 SECTION 12.02 Discharge of Obligations.
	  	 	34	  
	 SECTION 12.03 Deposited Moneys to be Held in Trust.
	  	 	35	  
	 SECTION 12.04 Payment of Moneys Held by Paying Agents.
	  	 	35	  
	 SECTION 12.05 Repayment to Company.
	  	 	35	  
		
	 ARTICLE XIII IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
	  	 	35	  
		
	 SECTION 13.01 No Recourse.
	  	 	35	  

  
 iii 

					
	 ARTICLE XIV MISCELLANEOUS PROVISIONS
	  	 	36	  
		
	 SECTION 14.01 Effect on Successors and Assigns.
	  	 	36	  
	 SECTION 14.02 Actions by Successor.
	  	 	36	  
	 SECTION 14.03 Notices.
	  	 	36	  
	 SECTION 14.04 Governing Law.
	  	 	36	  
	 SECTION 14.05 Compliance Certificates and Opinions.
	  	 	36	  
	 SECTION 14.06 Payments on Business Days.
	  	 	37	  
	 SECTION 14.07 Conflict with Trust Indenture Act.
	  	 	37	  
	 SECTION 14.08 Counterparts.
	  	 	37	  
	 SECTION 14.09 Separability.
	  	 	37	  
	 SECTION 14.10 Assignment.
	  	 	37	  

  

	(2)	This Table of Contents does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions. 

  
 iv 

 INDENTURE, dated as of
[            ], 201[  ], among Alderyra Therapeutics, Inc., a Delaware corporation (the “Company”), and
[            ], as trustee (the “Trustee”): 
 WHEREAS, for its lawful
corporate purposes, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of unsecured debt securities (hereinafter referred to as the “Securities”), in an unlimited aggregate principal
amount to be issued from time to time in one or more series as in this Indenture provided, as registered Securities without coupons, to be authenticated by the certificate of the Trustee; 

WHEREAS, to provide the terms and conditions upon which the Securities are to be authenticated, issued and delivered, the Company has duly
authorized the execution of this Indenture; and 
 WHEREAS, all things necessary to make this Indenture a valid agreement of the Company, in
accordance with its terms, have been done. 
 NOW, THEREFORE, in consideration of the premises and the purchase of the Securities by the
holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the holders of Securities: 
 ARTICLE I

 DEFINITIONS 
 SECTION 1.01 Definitions of
Terms. 
 The terms defined in this Section (except as in this Indenture otherwise expressly provided or unless the context otherwise
requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall include the plural as well as the singular. All other terms used in this Indenture that are
defined in the Trust Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein otherwise expressly provided or unless the context otherwise requires), shall have the
meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this instrument. 

“Authenticating Agent” means an authenticating agent with respect to all or any of the series of Securities appointed with respect
to all or any series of the Securities by the Trustee pursuant to Section 3.10. 
 “Bankruptcy Law” means Title 11, U.S.
Code, or any similar federal or state law for the relief of debtors. 
 “Board of Directors” means the Board of Directors of the
Company or any duly authorized committee of such Board. 
 “Board Resolution” means a copy of a resolution certified by the
Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification. 

“Business Day” means, with respect to any series of Securities, any day other than a day on which Federal or State banking
institutions in the Borough of Manhattan, The City of New York, are authorized or obligated by law, executive order or regulation to close. 

 “Certificate” means a certificate signed by the principal executive officer, the
principal financial officer or the principal accounting officer of the Company. The Certificate need not comply with the provisions of Section 14.05. 

“Company” means Alderyra Therapeutics, Inc., a corporation duly organized and existing under the laws of the State of Delaware, and,
subject to the provisions of Article Eleven, shall also include its successors and assigns. 
 “Corporate Trust Office” means the
office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at
[                    ], except that whenever a provision herein refers to an office or agency of the Trustee in the Borough of Manhattan, The City of
New York, such office is located, at the date hereof, at [                    ]. 

“Custodian” means any receiver, trustee, assignee, liquidator, or similar official under any Bankruptcy Law. 

“Default” means any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default. 

“Depositary” means, with respect to Securities of any series, for which the Company shall determine that such Securities will be
issued as a Global Security, The Depository Trust Company, New York, New York, another clearing agency, or any successor registered as a clearing agency under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or other
applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to either Section 3.01 or 3.11. 

“Event of Default” means, with respect to Securities of a particular series any event specified in Section 7.01, continued for
the period of time, if any, therein designated. 
 “Global Security” means, with respect to any series of Securities, a Security
executed by the Company and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name of the Depositary or its nominee. 

“Governmental Obligations” means securities that are (i) direct obligations of the United States of America for the payment of
which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the payment of which is unconditionally guaranteed as a full
faith and credit obligation by the United States of America that, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined in Section 3(a)(2) of
the Securities Act of 1933, as amended) as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder of such
depositary receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of
the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt. 

“Herein”, “hereof” and “hereunder”, and other words of similar import, refer to this Indenture as a whole and
not to any particular Article, Section or other subdivision. 

  
 2 

 “Indenture” means this instrument as originally executed or as it may from time to time
be supplemented or amended by one or more indentures supplemental hereto entered into in accordance with the terms hereof. 
 “Interest
Payment Date”, when used with respect to any installment of interest on a Security of a particular series, means the date specified in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such series as
the fixed date on which an installment of interest with respect to Securities of that series is due and payable. 
 “Officers’
Certificate” means a certificate signed by the President or a Vice President and by the Treasurer or an Assistant Treasurer or the Controller or an Assistant Controller or the Secretary or an Assistant Secretary of the Company that is delivered
to the Trustee in accordance with the terms hereof. Each such certificate shall include the statements provided for in Section 14.05, if and to the extent required by the provisions thereof. 

“Opinion of Counsel” means an opinion in writing of legal counsel, who may be an employee of or counsel for the Company, that is
delivered to the Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in Section 14.05, if and to the extent required by the provisions thereof. 

“Outstanding”, when used with reference to Securities of any series, means, subject to the provisions of Section 9.04, as of
any particular time, all Securities of that series theretofore authenticated and delivered by the Trustee under this Indenture, except (a) Securities theretofore canceled by the Trustee or any paying agent, or delivered to the Trustee or any
paying agent for cancellation or that have previously been canceled; (b) Securities or portions thereof for the payment or redemption of which moneys or Governmental Obligations in the necessary amount shall have been deposited in trust with
the Trustee or with any paying agent (other than the Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying agent); provided, however, that if such Securities or portions of such
Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as in Article Four provided, or provision satisfactory to the Trustee shall have been made for giving such notice; and (c) Securities
in lieu of or in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 3.07. 

“Person” means any individual, corporation, partnership, joint venture, joint-stock company, unincorporated organization or
government or any agency or political subdivision thereof. 
 “Predecessor Security” of any particular Security means every
previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.07 in lieu of a lost, destroyed or
stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security. 
 “Responsible Officer” when
used with respect to the Trustee means the Chairman of the Board of Directors, the President, any Vice President, the Secretary, the Treasurer, any trust officer, any corporate trust officer or any other officer or assistant officer of the Trustee
customarily performing functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular
subject. 
 “Securities” means the debt Securities authenticated and delivered under this Indenture. 

  
 3 

 “Securityholder”, “holder of Securities”, “registered holder” or
other similar term, means the Person or Persons in whose name or names a particular Security shall be registered on the books of the Company kept for that purpose in accordance with the terms of this Indenture. 

“Subsidiary” means, with respect to any Person, (i) any corporation at least a majority of whose outstanding Voting Stock shall
at the time be owned, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, (ii) any general partnership, joint venture or similar entity, at least a majority of
whose outstanding partnership or similar interests shall at the time be owned by such Person, or by one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries and (iii) any limited partnership of which such Person or
any of its Subsidiaries is a general partner. 
 “Trustee” means
[                    ], and, subject to the provisions of Article Eight, shall also include its successors and assigns, and, if at any time there is
more than one Person acting in such capacity hereunder, “Trustee” shall mean each such Person. The term “Trustee” as used with respect to a particular series of the Securities shall mean the trustee with respect to that series.

 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, or any successor statute. 

“Voting Stock”, as applied to stock of any Person, means shares, interests, participations or other equivalents in the equity
interest (however designated) in such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person, other than shares, interests, participations or other equivalents having such power only by
reason of the occurrence of a contingency. 
 ARTICLE II 

SECTION 2.01 Forms Generally 
 The Securities,
if any, to be endorsed thereon shall be in substantially the forms as shall be established by, or pursuant to a Board Resolution or, subject to Section 3.04, set forth in, or determined in the manner provided in, an Officer’s Certificate
pursuant to a Board Resolution of the Company, or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may
have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers of the
Company executing such Securities or coupons, as evidenced by their execution of the Securities or coupons. If the forms of Securities or coupons of any series are established by action taken pursuant to a Board Resolution, a copy of an appropriate
record of such action shall be certified by the Secretary or Assistant Secretary of the Company, and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.04 for the authentication and delivery of
such Securities or coupons. Any portion of the text of any Security may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Security. 

Unless otherwise specified as contemplated by Section 3.01, Securities in bearer form shall have interest coupons attached. 

The Trustee’s certificate of authentication on all Securities shall be in substantially the form set forth in this Article. 

  
 4 

 The definitive Securities and coupons, if any, including the Guarantees, if any, shall be
printed, lithographed or engraved on steel-engraved borders or may be produced in any other manner, all as determined by the officers of the Company or the Guarantor, as the case may be, executing such Securities, coupons or Guarantees, as evidenced
by their execution of such Securities, coupons or Guarantees. 
 SECTION 2.02 Form of Trustee’s Certificate of Authentication. 

Subject to Section 3.10, the Trustee’s certificate of authentication shall be in substantially the following form: 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

Dated:                      

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

					
	  
	 	,
	as Trustee	 	
			
	By:	 	  
	 	
		 	Authorized Officer	 	

 SECTION 2.03 Securities Issuable in Global Form 

If Securities are issuable as a Global Security, as specified as contemplated by Section 3.01, then, notwithstanding clause (10) of
Section 3.01, any such Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities of such series from time to
time endorsed thereon and that the aggregate amount of Outstanding Securities of such series represented thereby may from time to time be increased or decreased to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any
increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner and upon instructions given by such Person or Persons as shall be specified therein or in the Company Order to be delivered
to the Trustee pursuant to Section 3.04 or Section 3.06. Subject to the provisions of Section 3.04 and, if applicable, Section 3.06, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and
upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 3.04 or Section 3.06 has been, or simultaneously is, delivered, any instructions by the Company
with respect to endorsement or delivery or redelivery of a Global Security shall be in writing but need not comply with Section 14.05 and need not be accompanied by an Opinion of Counsel. 

The provisions of the last sentence of Section 3.04 shall apply to any Security represented by a Security in global form if such Security
was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with Section 14.05 and need not be accompanied by an Opinion of Counsel) with
regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 3.04. 

  
 5 

 Notwithstanding any provisions of Section 5.01 to the contrary, unless otherwise specified
as contemplated by Section 3.01, payment of principal of (and premium, if any) and interest, if any, on any Security in permanent global form shall be made to the Person or Persons specified therein. 

ARTICLE III 
 ISSUE, DESCRIPTION,
TERMS, EXECUTION, 
 REGISTRATION AND EXCHANGE OF SECURITIES 

SECTION 3.01 Designation and Terms of Securities. 

(a) The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may
be issued in one or more series up to the aggregate principal amount of Securities of that series from time to time authorized by or pursuant to a Board Resolution of the Company or pursuant to one or more indentures supplemental hereto. Prior to
the initial issuance of Securities of any series, there shall be established in or pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto: 

(1) the title of the Security of the series (which shall distinguish the Securities of the series from all other Securities); 

(2) any limit upon the aggregate principal amount of the Securities of that series that may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of that series); 

(3) the date or dates on which the principal of the Securities of the series is payable and the place(s) of payment; 

(4) the rate or rates at which the Securities of the series shall bear interest or the manner of calculation of such rate or rates, if any;

 (5) the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest will be payable or the
manner of determination of such Interest Payment Dates, the place(s) of payment, and the record date for the determination of holders to whom interest is payable on any such Interest Payment Dates; 

(6) the right, if any, to extend the interest payment periods and the duration of such extension; 

(7) the period or periods within which, the price or prices at which and the terms and conditions upon which, Securities of the series may be
redeemed, in whole or in part, at the option of the Company; 
 (8) the obligation, if any, of the Company to redeem or purchase Securities
of the series pursuant to any sinking fund or analogous provisions (including payments made in cash in satisfaction of future sinking fund obligations) or at the option of a holder thereof and the period or periods within which, the price or prices
at which, and the terms and conditions upon which, Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 

  
 6 

 (9) the form of the Securities of the series including the form of the certificate of
authentication for such series; 
 (10) if other than denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof,
the denominations in which the Securities of the series shall be issuable; 
 (11) any and all other terms with respect to such series
(which terms shall not be inconsistent with the terms of this Indenture, as amended by any supplemental indenture) including any terms which may be required by or advisable under United States laws or regulations or advisable in connection with the
marketing of Securities of that series; 
 (12) whether the Securities are issuable as a Global Security and, in such case, the identity of
the Depositary for such series; 
 (13) whether the Securities will be convertible into shares of common stock or other securities of the
Company and, if so, the terms and conditions upon which such Securities will be so convertible, including the conversion price and the conversion period; 

(14) if other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon
declaration of acceleration of the maturity thereof pursuant to Section 7.01; and 
 (15) any additional or different Events of Default
or restrictive covenants provided for with respect to the Securities of the series. 
 All Securities of any one series shall be
substantially identical except as to denomination and except as may otherwise be provided in or pursuant to any such Board Resolution or in any indentures supplemental hereto. 

If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such
action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series. 

Securities of any particular series may be issued at various times, with different dates on which the principal or any installment of
principal is payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different dates on which such interest may be payable and with different redemption dates. 

SECTION 3.02 Form of Securities and Trustee’s Certificate. 

The Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially of the
tenor and purpose as set forth in one or more indentures supplemental hereto or as provided in a Board Resolution and as set forth in an Officers’ Certificate and may have such letters, numbers or other marks of identification or designation
and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or
regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Securities of that series may be listed, or to conform to usage. 

  
 7 

 SECTION 3.03 Denominations; Provisions for Payment. 

The Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof, subject to Section 3.01(10). The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect to that series. The principal of and the interest on the Securities of any
series, as well as any premium thereon in case of redemption thereof prior to maturity, shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and private debt, at the office or agency of
the Company maintained for that purpose in the Borough of Manhattan, the City and State of New York. Each Security shall be dated the date of its authentication. Interest on the Securities shall be computed on the basis of a 360-day year composed of
twelve 30-day months. 
 The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any
Interest Payment Date for Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment. In
the event that any Security of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest
on such Security will be paid upon presentation and surrender of such Security, except as provided in Section 4.03. 
 Any interest on
any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder
on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (1) or clause (2) below: 

(1) The Company may make payment of any Defaulted Interest on Securities to the Persons in whose names such Securities (or their respective
Predecessor Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner: the Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as in this clause provided. Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall not be more than 15 nor less than 10 days prior to the date of the proposed payment and not less than
10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment
of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid, to each Securityholder at his or her address as it appears in the Security Register (as hereinafter defined), not less than 10 days prior to
such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their
respective Predecessor Securities) are registered on such special record date. 
 (2) The Company may make payment of any Defaulted Interest
on any Securities in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to
the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

  
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 Unless otherwise set forth in a Board Resolution or one or more indentures supplemental hereto
establishing the terms of any series of Securities pursuant to Section 3.01 hereof, the term “regular record date” as used in this Section with respect to a series of Securities with respect to any Interest Payment Date for such
series shall mean either the fifteenth day of the month immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 3.01 hereof shall occur, if such Interest Payment Date is the first day of
a month, or the last day of the month immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 3.01 hereof shall occur, if such Interest Payment Date is the fifteenth day of a month,
whether or not such date is a Business Day. 
 Subject to the foregoing provisions of this Section, each Security of a series delivered
under this Indenture upon transfer of or in exchange for or in lieu of any other Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security. 

SECTION 3.04 Execution and Authentications. 

The Securities shall be signed on behalf of the Company by its President, or one of its Vice Presidents, or its Treasurer, or one of its
Assistant Treasurers, or its Secretary, or one of its Assistant Secretaries, under its corporate seal attested by its Secretary or one of its Assistant Secretaries. Signatures may be in the form of a manual or facsimile signature. The Company may
use the facsimile signature of any Person who shall have been a President or Vice President thereof, or of any Person who shall have been a Secretary or Assistant Secretary thereof, notwithstanding the fact that at the time the Securities shall be
authenticated and delivered or disposed of such Person shall have ceased to be the President or a Vice President, or the Secretary or an Assistant Secretary, of the Company. The seal of the Company may be in the form of a facsimile of such seal and
may be impressed, affixed, imprinted or otherwise reproduced on the Securities. The Securities may contain such notations, legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its
authentication by the Trustee. 
 A Security shall not be valid until authenticated manually by an authorized signatory of the Trustee, or
by an Authenticating Agent. Such signature shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. At any time and from
time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a written order of the Company for the authentication and
delivery of such Securities, signed by its President or any Vice President and its Secretary or any Assistant Secretary, and the Trustee in accordance with such written order shall authenticate and deliver such Securities. 

In authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the
Trustee shall be entitled to receive, and (subject to Section 8.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the form and terms thereof have been established in conformity with the provisions of this
Indenture. 
 The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture
will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee. 

SECTION 3.05 Registration of Transfer and Exchange. 

(a) Securities of any series may be exchanged upon presentation thereof at the office or agency of the Company designated for such purpose in
the Borough of Manhattan, the City and State of 

  
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New York, for other Securities of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental
charge in relation thereto, all as provided in this Section. In respect of any Securities so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in exchange therefor the
Security or Securities of the same series that the Securityholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstanding. 

(b) The Company shall keep, or cause to be kept, at its office or agency designated for such purpose in the Borough of Manhattan, the City and
State of New York, or such other location designated by the Company a register or registers (herein referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register
the Securities and the transfers of Securities as in this Article provided and which at all reasonable times shall be open for inspection by the Trustee. The registrar for the purpose of registering Securities and transfer of Securities as herein
provided shall be appointed as authorized by Board Resolution (the “Security Registrar”). 
 Upon surrender for transfer of any
Security at the office or agency of the Company designated for such purpose, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security or Securities
of the same series as the Security presented for a like aggregate principal amount. 
 All Securities presented or surrendered for exchange
or registration of transfer, as provided in this Section, shall be accompanied (if so required by the Company or the Security Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Security
Registrar, duly executed by the registered holder or by such holder’s duly authorized attorney in writing. 
 (c) No service charge
shall be made for any exchange or registration of transfer of Securities, or issue of new Securities in case of partial redemption of any series, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge
in relation thereto, other than exchanges pursuant to Section 3.06, Section 4.03(b) and Section 10.04 not involving any transfer. 

(d) The Company shall not be required (1) to issue, exchange or register the transfer of any Securities during a period beginning at the
opening of business 15 days before the day of the mailing of a notice of redemption of less than all the Outstanding Securities of the same series and ending at the close of business on the day of such mailing, nor (2) to register the transfer
of or exchange any Securities of any series or portions thereof called for redemption. The provisions of this Section 3.05 are, with respect to any Global Security, subject to Section 3.11 hereof. 

SECTION 3.06 Temporary Securities. 
 Pending the
preparation of definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary Securities (printed, lithographed or typewritten) of any authorized denomination. Such temporary Securities shall
be substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every temporary
Security of any series shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities of such series. Without unnecessary delay
the Company will execute and will furnish definitive Securities of such series and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor (without charge to the holders), at the office or agency of the
Company designated for the purpose in the Borough of Manhattan, the City and State of New York, and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate

  
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principal amount of definitive Securities of such series, unless the Company advises the Trustee to the effect that definitive Securities need not be executed and furnished until further notice
from the Company. Until so exchanged, the temporary Securities of such series shall be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered hereunder. 

SECTION 3.07 Mutilated, Destroyed, Lost or Stolen Securities. 

In case any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (subject to the next
succeeding sentence) shall execute, and upon the Company’s request the Trustee (subject as aforesaid) shall authenticate and deliver, a new Security of the same series, bearing a number not contemporaneously outstanding, in exchange and
substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substituted Security shall furnish to the Company and the Trustee such security or indemnity
as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of the
applicant’s Security and of the ownership thereof. The Trustee may authenticate any such substituted Security and deliver the same upon the written request or authorization of any officer of the Company. Upon the issuance of any substituted
Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. In
case any Security that has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment of the same (without surrender thereof except in
the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such security or indemnity as they may require to save each of them harmless, and, in case of destruction, loss or theft, evidence to
the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security and of the ownership thereof. 
 Every
replacement Security issued pursuant to the provisions of this Section shall constitute an additional contractual obligation of the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be
enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of the same series duly issued hereunder. All Securities shall be held and owned upon the express
condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any
law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 

SECTION 3.08 Cancellation. 
 All Securities
surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by
it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled
Securities held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire
any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation. 

  
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 SECTION 3.09 Benefits of Indenture. 

Nothing in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the parties
hereto and the holders of the Securities, any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for
the sole benefit of the parties hereto and of the holders of the Securities. 
 SECTION 3.10 Authenticating Agent. 

So long as any of the Securities of any series remain Outstanding there may be an Authenticating Agent for any or all such series of
Securities which the Trustee shall have the right to appoint. Said Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, transfer or partial redemption thereof, and
Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. All references in this Indenture to the authentication of Securities by
the Trustee shall be deemed to include authentication by an Authenticating Agent for such series. Each Authenticating Agent shall be acceptable to the Company and shall be a corporation that has a combined capital and surplus, as most recently
reported or determined by it, sufficient under the laws of any jurisdiction under which it is organized or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to conduct such business and is
subject to supervision or examination by Federal or State authorities. If at any time any Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately. 

Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Company. The Trustee may at
any time (and upon request by the Company shall) terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon resignation, termination or cessation of eligibility of
any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the rights, powers
and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto. 
 SECTION 3.11 Global Securities. 

(a) If the Company shall establish pursuant to Section 3.01 that the Securities of a particular series are to be issued as a Global
Security, then the Company shall execute and the Trustee shall, in accordance with Section 3.04, authenticate and deliver, a Global Security that (1) shall represent, and shall be denominated in an amount equal to the aggregate principal
amount of, all of the Outstanding Securities of such series, (2) shall be registered in the name of the Depositary or its nominee, (3) shall be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction and
(4) shall bear a legend substantially to the following effect: “Except as otherwise provided in Section 3.11 of the Indenture, this Security may be transferred, in whole but not in part, only to another nominee of the Depositary or to
a successor Depositary or to a nominee of such successor Depositary.” 
 (b) Notwithstanding the provisions of Section 3.05, the
Global Security of a series may be transferred, in whole but not in part and in the manner provided in Section 3.05, only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or approved by
the Company or to a nominee of such successor Depositary. 

  
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 (c) If at any time the Depositary for a series of the Securities notifies the Company that it is
unwilling or unable to continue as Depositary for such series or if at any time the Depositary for such series shall no longer be registered or in good standing under the Exchange Act, or other applicable statute or regulation, and a successor
Depositary for such series is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such condition, as the case may be, this Section 3.11 shall no longer be applicable to the Securities of such
series and the Company will execute and, subject to Section 3.05, the Trustee will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal
amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. In addition, the Company may at any time determine that the Securities of any series shall no longer be represented by a Global Security
and that the provisions of this Section 3.11 shall no longer apply to the Securities of such series. In such event the Company will execute and, subject to Section 3.05, the Trustee, upon receipt of an Officers’ Certificate evidencing
such determination by the Company, will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the
Global Security of such series in exchange for such Global Security. Upon the exchange of the Global Security for such Securities in definitive registered form without coupons, in authorized denominations, the Global Security shall be canceled by
the Trustee. Such Securities in definitive registered form issued in exchange for the Global Security pursuant to this Section 3.11(c) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to
instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered. 

ARTICLE IV 
 REDEMPTION OF
SECURITIES AND SINKING FUND PROVISIONS 
 SECTION 4.01 Redemption. 

The Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established for
such series pursuant to Section 3.01 hereof. 
 SECTION 4.02 Notice of Redemption. 

(a) In case the Company shall desire to exercise such right to redeem all or, as the case may be, a portion of the Securities of any series in
accordance with the right reserved so to do, the Company shall, or shall cause the Trustee to, give notice of such redemption to holders of the Securities of such series to be redeemed by mailing, first class postage prepaid, a notice of such
redemption not less than 30 days and not more than 90 days before the date fixed for redemption of that series to such holders at their last addresses as they shall appear upon the Security Register unless a shorter period is specified in the
Securities to be redeemed. Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the notice. In any case, failure duly to give such notice to the
holder of any Security of any series designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Securities of such series or any other series. In the
case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with any such restriction. 

  
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 Each such notice of redemption shall specify the date fixed for redemption and the redemption
price at which Securities of that series are to be redeemed, and shall state that payment of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company in the Borough of Manhattan, the City and State
of New York, upon presentation and surrender of such Securities, that interest accrued to the date fixed for redemption will be paid as specified in said notice, that from and after said date interest will cease to accrue and that the redemption is
for a sinking fund, if such is the case. If less than all the Securities of a series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in whole or in part shall specify the particular Securities to be so
redeemed. In case any Security is to be redeemed in part only, the notice that relates to such Security shall state the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of
such Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued. 

(b) If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days’ notice in
advance of the date fixed for redemption as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion
and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or any integral multiple thereof) of the principal amount of such Securities of a denomination larger than $1,000, the Securities to be
redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part. The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by its
President or any Vice President, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section, such notice to be in
the name of the Company or its own name as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to,
or permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any
notice by mail that may be required under the provisions of this Section. 
 SECTION 4.03 Payment Upon Redemption. 

(a) If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series
to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption and interest on such
Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion
thereof. On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at the applicable redemption price for such series,
together with interest accrued thereon to the date fixed for redemption (but if the date fixed for redemption is an interest payment date, the interest installment payable on such date shall be payable to the registered holder at the close of
business on the applicable record date pursuant to Section 3.03). 
 (b) Upon presentation of any Security of such series that is to be
redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or agency where the Security is presented shall deliver to the holder thereof, at the expense of the Company, a new Security of the same series of
authorized denominations in principal amount equal to the unredeemed portion of the Security so presented. 

  
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 SECTION 4.04 Sinking Fund. 

The provisions of Sections 4.04, 4.05 and 4.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except as
otherwise specified as contemplated by Section 3.01 for Securities of such series. 
 The minimum amount of any sinking fund payment
provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to
as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 4.05. Each sinking fund payment shall be
applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 
 SECTION 4.05 Satisfaction of Sinking
Fund Payments with Securities. 
 The Company (a) may deliver Outstanding Securities of a series (other than any Securities previously
called for redemption) and (b) may apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund
payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities, provided that
such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the
amount of such sinking fund payment shall be reduced accordingly. 
 SECTION 4.06 Redemption of Securities for Sinking Fund. 

Not less than 45 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an
Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of the series, the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that series
pursuant to Section 4.05 and the basis for such credit and will, together with such Officers’ Certificate, deliver to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the
Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 4.02 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner
provided in Section 4.02. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 4.03. 

ARTICLE V 
 COVENANTS 

SECTION 5.01 Payment of Principal, Premium and Interest. 

The Company will duly and punctually pay or cause to be paid the principal of (and premium, if any) and interest on the Securities of that
series at the time and place and in the manner provided herein and established with respect to such Securities. 

  
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 SECTION 5.02 Maintenance of Office or Agency. 

So long as any series of the Securities remain Outstanding, the Company agrees to maintain an office or agency in the Borough of Manhattan,
the City and State of New York, with respect to each such series and at such other location or locations as may be designated as provided in this Section 5.02, where (a) Securities of that series may be presented for payment,
(b) Securities of that series may be presented as herein above authorized for registration of transfer and exchange, and (c) notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be
given or served, such designation to continue with respect to such office or agency until the Company shall, by written notice signed by its President or a Vice President and delivered to the Trustee, designate some other office or agency for such
purposes or any of them. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, notices and demands may be made or served at the
Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, notices and demands. 

SECTION 5.03 Paying Agents. 
 (a) If the Company
shall appoint one or more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the
Trustee, subject to the provisions of this Section: 
 (1) that it will hold all sums held by it as such agent for the payment of the
principal of (and premium, if any) or interest on the Securities of that series (whether such sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto; 

(2) that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to make any payment of the
principal of (and premium, if any) or interest on the Securities of that series when the same shall be due and payable; 
 (3) that it will,
at any time during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and 

(4) that it will perform all other duties of paying agent as set forth in this Indenture. 

(b) If the Company shall act as its own paying agent with respect to any series of the Securities, it will on or before each due date of the
principal of (and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming
due on Securities of that series until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other obligor on such Securities) to take
such action. Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with the paying
agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee)
the Company will promptly notify the Trustee of this action or failure so to act. 

  
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 (c) Notwithstanding anything in this Section to the contrary, (1) the agreement to hold sums
in trust as provided in this Section is subject to the provisions of Section 12.05, and (2) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or direct
any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or such paying agent;
and, upon such payment by any paying agent to the Trustee, such paying agent shall be released from all further liability with respect to such money. 

SECTION 5.04 Appointment to Fill Vacancy in Office of Trustee. 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in
Section 8.10, a Trustee, so that there shall at all times be a Trustee hereunder. 
 ARTICLE VI 

SECURITYHOLDERS’ LISTS AND REPORTS 

BY THE COMPANY AND THE TRUSTEE 
 SECTION 6.01
Company to Furnish Trustee Names and Addresses of Securityholders. 
 The Company will furnish or cause to be furnished to the Trustee
(a) on each regular record date (as defined in Section 3.03) a list, in such form as the Trustee may reasonably require, of the names and addresses of the holders of each series of Securities as of such regular record date, provided that
the Company shall not be obligated to furnish or cause to be furnished such list at any time that the list shall not differ in any respect from the most recent list furnished to the Trustee by the Company and (b) at such other times as the
Trustee may request in writing within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, in either
case, no such list need be furnished for any series for which the Trustee shall be the Security Registrar. 
 SECTION 6.02 Preservation Of Information;
Communications With Securityholders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information
as to the names and addresses of the holders of Securities contained in the most recent list furnished to it as provided in Section 6.01 and as to the names and addresses of holders of Securities received by the Trustee in its capacity as
Security Registrar (if acting in such capacity). 
 (b) The Trustee may destroy any list furnished to it as provided in Section 6.01
upon receipt of a new list so furnished. 
 (c) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture
Act with other Securityholders with respect to their rights under this Indenture or under the Securities. The Company, the Trustee, the Security Registrar and any other Person shall have the protection of the Trust Indenture Act Section 312(c).

 SECTION 6.03 Reports by the Company. 
 (a)
The Company covenants and agrees to file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the annual reports and of the 

  
 17 

 
information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the Company may be
required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to either of such sections, then to file with the
Trustee and the Commission, in accordance with the rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports that may be required pursuant to Section 13 of
the Exchange Act, in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations. 

(b) The Company covenants and agrees to file with the Trustee and the Commission, in accordance with the rules and regulations prescribed from
to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture as may be required from time to time by such rules and
regulations. 
 (c) The Company covenants and agrees to transmit by mail, first class postage prepaid, or reputable overnight delivery
service that provides for evidence of receipt, to the Securityholders, as their names and addresses appear upon the Security Register, within 30 days after the filing thereof with the Trustee, such summaries of any information, documents and reports
required to be filed by the Company pursuant to subsections (a) and (b) of this Section as may be required by rules and regulations prescribed from time to time by the Commission. 

SECTION 6.04 Reports by the Trustee. 
 (a) On or
before [                    ] in each year in which any of the Securities are Outstanding, the Trustee shall transmit by mail, first class postage
prepaid, to the Securityholders, as their names and addresses appear upon the Security Register, a brief report dated as of the preceding
[                    ], if and to the extent required under Section 313(a) of the Trust Indenture Act. 

(b) The Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture Act. 

(c) A copy of each such report shall, at the time of such transmission to Securityholders, be filed by the Trustee with the Company, with each
stock exchange upon which any Securities are listed (if so listed) and also with the Commission. The Company agrees to notify the Trustee when any Securities become listed on any stock exchange. 

(d) If an Event of Default occurs and is continuing and the Trustee receives actual notice of such Event of Default, the Trustee shall mail to
each Securityholder notice of the uncured Event of Default within 90 days after the occurrence thereof. Except in the case of an Event of Default in payment of principal of, or interest on, any Securities, or in the payment of any sinking or
purchase fund installment, the Trustee may withhold the notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the interest of the Securityholder. 

  
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 ARTICLE VII 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

SECTION 7.01 Events of Default. 
 (a) Whenever
used herein with respect to Securities of a particular series, “Event of Default” means any one or more of the following events that has occurred and is continuing: 

(1) the Company defaults in the payment of any installment of interest upon any of the Securities of that series, as and when the same shall
become due and payable, and such default continues for a period of 30 days; provided, however, that a valid extension of an interest payment period by the Company in accordance with the terms of any indenture supplemental hereto, shall not
constitute a default in the payment of interest for this purpose; 
 (2) the Company defaults in the payment of the principal of (or
premium, if any, on) any of the Securities of that series as and when the same shall become due and payable whether at maturity, upon redemption, by declaration or otherwise, or in any payment required by any sinking or analogous fund established
with respect to that series; provided, however, that a valid extension of the maturity of such Securities in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of principal or premium, if
any; 
 (3) the Company fails to observe or perform any other of its covenants or agreements with respect to that series contained in this
Indenture or otherwise established with respect to that series of Securities pursuant to Section 3.01 hereof (other than a covenant or agreement that has been expressly included in this Indenture solely for the benefit of one or more series of
Securities other than such series) for a period of 90 days after the date on which written notice of such failure, requiring the same to be remedied and stating that such notice is a “Notice of Default” hereunder, shall have been given to
the Company by the Trustee, by registered or certified mail, or to the Company and the Trustee by the holders of a majority in principal amount of the Securities of that series at the time Outstanding; 

(4) the Company pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case, (ii) consents to the entry
of an order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property or (iv) makes a general assignment for the benefit of its creditors; or 

(5) a court of competent jurisdiction enters an order under any Bankruptcy Law that (i) is for relief against the Company in an
involuntary case, (ii) appoints a Custodian of the Company for all or substantially all of its property or (iii) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 90 days. 

(b) In each and every such case, unless the principal of all the Securities of that series shall have already become due and payable, either
the Trustee or the holders of a majority in aggregate principal amount of the Securities of that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by such Securityholders), may declare the principal
of all the Securities of that series to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable. 

(c) At any time after the principal of the Securities of that series shall have been so declared due and payable, and before any judgment or
decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the holders of a majority in aggregate principal amount of the Securities of that series then Outstanding hereunder, by written notice to the
Company and the Trustee, 

  
 19 

 
may rescind and annul such declaration and its consequences if: (1) the Company has paid or deposited with the Trustee a sum sufficient to pay all matured installments of interest upon all
the Securities of that series and the principal of (and premium, if any, on) all Securities of that series that shall have become due otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent that such
payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Securities of that series to the date of such payment or deposit) and any amount payable to the Trustee under
Section 8.06, and (2) any and all other Events of Default under the Indenture with respect to such series, other than the nonpayment of principal on Securities of that series that shall not have become due by their terms, shall have been
remedied or waived as provided in Section 7.06. 
 No such rescission and annulment shall extend to or shall affect any subsequent
default or impair any right consequent thereon. 
 (d) In case the Trustee shall have proceeded to enforce any right with respect to
Securities of that series under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every
such case, subject to any determination in such proceedings, the Company and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue
as though no such proceedings had been taken. 
 SECTION 7.02 Suits for Enforcement by Trustee. 

(a) If an Event of Default specified in Section 7.01(a)(1) or (2) hereof occurs and is continuing, the Trustee, in its own name and
as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree,
and may enforce any such judgment or final decree against the Company or other obligor upon the Securities of that series and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or
other obligor upon the Securities of that series, wherever situated. 
 (b) In case of any receivership, insolvency, liquidation,
bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings affected the Company, or its creditors or property, the Trustee shall have power to intervene in such proceedings and take any action therein that may be
permitted by the court and shall (except as may be otherwise provided by law) be entitled to file such proofs of claim and other papers and documents as may be necessary or advisable in order to have the claims of the Trustee and of the holders of
Securities of a series allowed for the entire amount due and payable by the Company under this Indenture at the date of institution of such proceedings and for any additional amount that may become due and payable by the Company after such date, and
to collect and receive any moneys or other property payable or deliverable on any such claim, and to distribute the same after the deduction of the amount payable to the Trustee under Section 8.06; and any receiver, assignee or trustee in
bankruptcy or reorganization is hereby authorized by each of the holders of Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such payments directly to such
Securityholders, to pay to the Trustee any amount due it under Section 8.06. 
 (c) All rights of action and of asserting claims under
this Indenture, or under any of the terms established with respect to Securities of a series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof at any trial or other proceeding relative
thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under
Section 8.06, be for the ratable benefit of the holders of the Securities of such series. 

  
 20 

 In case of an Event of Default hereunder, the Trustee may in its discretion proceed to protect
and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for
the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.

 Nothing contained herein shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series or the rights of any holder thereof or to authorize the Trustee to vote in respect of the claim of any Securityholder in any
such proceeding. 
 SECTION 7.03 Application of Moneys Collected. 

Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon the
payment, if only partially paid, and upon surrender thereof if fully paid: 
 FIRST: To the payment of costs and expenses of collection and
of all amounts payable to the Trustee under Section 8.06; and 
 SECOND: To the payment of the amounts then due and unpaid upon
Securities of such series for principal (and premium, if any) and interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable
on such Securities for principal (and premium, if any) and interest, respectively. 
 SECTION 7.04 Limitation on Suits. 

No holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any
suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (a) such holder previously shall have given to the Trustee
written notice of an Event of Default and of the continuance thereof with respect to the Securities of such series specifying such Event of Default, as hereinbefore provided; (b) the holders of not less than 25% in aggregate principal amount of
the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as trustee hereunder; (c) such holder or holders shall have offered to the Trustee such
reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby; (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity, shall have failed to institute
any such action, suit or proceeding; and (e) during such 60-day period, the holders of a majority in principal amount of the Securities of that series shall not have given the Trustee a direction inconsistent with the request. 

Notwithstanding anything contained herein to the contrary, the right of any holder of any Security to receive payment of the principal of (and
premium, if any) and interest on such Security, as therein provided, on or after the respective due dates expressed in such Security (or in the case of redemption, on the redemption date), or to institute suit for the enforcement of any such payment
on or after such 

  
 21 

 
respective dates or redemption date, shall not be impaired or affected without the consent of such holder. By accepting a Security hereunder it is expressly understood, intended and covenanted by
the taker and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities of such series shall have any right in any manner whatsoever by virtue or by availing of any
provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities, or to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture,
except in the manner herein provided and for the equal, ratable and common benefit of all holders of Securities of such series. For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall
be entitled to such relief as can be given either at law or in equity. 
 SECTION 7.05 Rights and Remedies Cumulative; Delay or Omission Not Waiver. 

(a) Except as otherwise provided in Section 14.07, all powers and remedies given by this Article to the Trustee or to the Securityholders
shall, to the extent permitted by law, be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or observance
of the covenants and agreements contained in this Indenture or otherwise established with respect to such Securities. 
 (b) No delay or
omission of the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power, or shall be construed to be a waiver of
any such default or on acquiescence therein; and, subject to the provisions of Section 7.04, every power and remedy given by this Article or by law to the Trustee or the Securityholders may be exercised from time to time, and as often as shall
be deemed expedient, by the Trustee or by the Securityholders. 
 SECTION 7.06 Control by Securityholders. 

The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance with
Section 9.01, shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee with respect to such series; provided,
however, that such direction shall not be in conflict with any rule of law or with this Indenture or be unduly prejudicial to the rights of holders of Securities of any other series at the time Outstanding determined in accordance with
Section 9.01. Subject to the provisions of Section 9.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer or Officers of the Trustee, determine that the
proceeding so directed would involve the Trustee in personal liability. The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding affected thereby, determined in accordance with
Section 9.01, may on behalf of the holders of all of the Securities of such series waive any past default in the performance of any of the covenants contained herein or established pursuant to Section 3.01 with respect to such series and
its consequences, except a default in the payment of the principal of (or premium, if any) or interest on, any of the Securities of that series as and when the same shall become due by the terms of such Securities otherwise than by acceleration
(unless such default has been cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been deposited with the Trustee (in accordance with Section 7.01(c)). Upon any such waiver, the default
covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively; but no such
waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

  
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 SECTION 7.07 Undertaking to Pay Costs. 

All parties to this Indenture agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have
agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant
in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and
good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than
10% in aggregate principal amount of the Outstanding Securities of any series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of (or premium, if any) or interest on any Security of such series, on
or after the respective due dates expressed in such Security or established pursuant to this Indenture. 
 ARTICLE VIII 

CONCERNING THE TRUSTEE 
 SECTION 8.01 Certain
Duties and Responsibilities of Trustee. 
 (a) The Trustee, prior to the occurrence of an Event of Default with respect to the Securities of
a series and after the curing of all Events of Default with respect to the Securities of that series that may have occurred, shall undertake to perform with respect to the Securities of such series such duties and only such duties as are
specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the
Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the
circumstances in the conduct of his own affairs. 
 (b) No provision of this Indenture shall be construed to relieve the Trustee from
liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) prior to the
occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving of all such Events of Default with respect to that series that may have occurred: 

(i) the duties and obligations of the Trustee shall with respect to the Securities of such series be determined solely by the express
provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or
obligations shall be read into this 
 (ii) in the absence of bad faith on the part of the Trustee, the Trustee may with respect to the
Securities of such series conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture;
but in the case of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the
requirements of this Indenture; 

  
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 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible
Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the
direction of the holders of not less than a majority in principal amount of the Securities of any series at the time Outstanding relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee under this Indenture with respect to the Securities of that series; and 
 (4) none
of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of such funds or liability is not reasonably assured to it under the terms of this Indenture or adequate indemnity against such risk is not reasonably assured to it. 

SECTION 8.02 Certain Rights of Trustee. 
 Except
as otherwise provided in Section 8.01: 
 (a) The Trustee may rely and shall be protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties;

 (b) Any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Board Resolution or an
instrument signed in the name of the Company, by the President or any Vice President and by the Secretary or an Assistant Secretary or the Treasurer or an Assistant Treasurer thereof (unless other evidence in respect thereof is specifically
prescribed herein); 
 (c) The Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be
full and complete authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon; 

(d) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or
direction of any of the Securityholders, pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities that may be incurred
therein or thereby; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default with respect to a series of the Securities (that has not been cured or waived) to exercise with respect to
Securities of that series such of the rights and powers vested in it by this Indenture, and to use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his own
affairs; 
 (e) The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (f) The Trustee shall not be bound to make
any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other papers or documents, unless requested in writing so to do
by the holders 

  
 24 

 
of not less than a majority in principal amount of the Outstanding Securities of the particular series affected thereby (determined as provided in Section 9.04); provided, however, that if
the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security
afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such costs, expenses or liabilities as a condition to so proceeding. The reasonable expense of every such examination shall be paid by the Company
or, if paid by the Trustee, shall be repaid by the Company upon demand; and 
 (g) The Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder.

 SECTION 8.03 Trustee Not Responsible for Recitals or Issuance or Securities. 

(a) The recitals contained herein and in the Securities shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for the correctness of the same. 
 (b) The Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Securities. 
 (c) The Trustee shall not be accountable for the use or application by the Company of any of the
Securities or of the proceeds of such Securities, or for the use or application of any moneys paid over by the Trustee in accordance with any provision of this Indenture or established pursuant to Section 3.01, or for the use or application of
any moneys received by any paying agent other than the Trustee. 
 SECTION 8.04 May Hold Securities. 

The Trustee or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities
with the same rights it would have if it were not Trustee, paying agent or Security Registrar. 
 SECTION 8.05 Moneys Held in Trust. 

Subject to the provisions of Section 12.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held
in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as it
may agree with the Company to pay thereon. 
 SECTION 8.06 Compensation and Reimbursement. 

(a) The Company covenants and agrees to pay to the Trustee, and the Trustee shall be entitled to, such reasonable compensation (which shall
not be limited by any provision of law in regard to the compensation of a trustee of an express trust), as the Company and the Trustee may from time to time agree in writing, for all services rendered by it in the execution of the trusts hereby
created and in the exercise and performance of any of the powers and duties hereunder of the Trustee, and, except as otherwise expressly provided herein, the Company will pay or reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and 

  
 25 

 
disbursements of its counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence or bad faith. The Company also
covenants to indemnify the Trustee (and its officers, agents, directors and employees) for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Trustee and arising out of or in
connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim of liability in the premises. 

(b) The obligations of the Company under this Section to compensate and indemnify the Trustee and to pay or reimburse the Trustee for
expenses, disbursements and advances shall constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien prior to that of the Securities upon all property and funds held or collected by the Trustee as such,
except funds held in trust for the benefit of the holders of particular Securities. 
 SECTION 8.07 Reliance on Officers’ Certificate. 

Except as otherwise provided in Section 8.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem
it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of
negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted to be taken by it under the provisions of this Indenture upon the faith thereof. 

SECTION 8.08 Disqualification; Conflicting Interests. 

If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act,
the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act. 
 SECTION 8.09 Corporate
Trustee Required; Eligibility. 
 There shall at all times be a Trustee with respect to the Securities issued hereunder which shall at all
times be a corporation organized and doing business under the laws of the United States of America or any State or Territory thereof or of the District of Columbia, or a corporation or other Person permitted to act as trustee by the Commission,
authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least 50 million U.S. dollars ($50,000,000), and subject to supervision or examination by Federal, State, Territorial or District of
Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Company may not, nor may any Person directly or indirectly controlling, controlled by or under
common control with the Company, serve as Trustee. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in
Section 8.10. 
 SECTION 8.10 Resignation and Removal; Appointment of Successor. 

(a) The Trustee or any successor hereafter appointed, may at any time resign with respect to the Securities of one or more series by giving
written notice thereof to the Company and by transmitting notice of resignation by mail, first class postage prepaid, to the Securityholders of such series, as their 

  
 26 

 
names and addresses appear upon the Security Register. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee with respect to Securities of such series
by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed
and have accepted appointment within 30 days after the mailing of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee with respect to Securities of such
series, or any Securityholder of that series who has been a bona fide holder of a Security or Securities for at least six months may on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor
trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 
 (b) In
case at any time any one of the following shall occur: 
 (1) the Trustee shall fail to comply with the provisions of Section 8.08
after written request therefor by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or 

(2) the Trustee shall cease to be eligible in accordance with the provisions of Section 8.09 and shall fail to resign after written
request therefor by the Company or by any such Securityholder; or 
 (3) the Trustee shall become incapable of acting, or shall be adjudged
a bankrupt or insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, the Company may remove the Trustee with respect to all Securities and appoint a successor trustee by written instrument, in duplicate, executed by order
of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or any Securityholder who has been a bona fide holder of a Security or Securities for at least six months
may, on behalf of that holder and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may
deem proper and prescribe, remove the Trustee and appoint a successor trustee. 
 (c) The holders of a majority in aggregate principal
amount of the Securities of any series at the time Outstanding may at any time remove the Trustee with respect to such series by so notifying the Trustee and the Company and may appoint a successor Trustee for such series with the consent of the
Company. 
 (d) Any resignation or removal of the Trustee and appointment of a successor trustee with respect to the Securities of a series
pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 8.11. 

(e) Any successor trustee appointed pursuant to this Section may be appointed with respect to the Securities of one or more series or all of
such series, and at any time there shall be only one Trustee with respect to the Securities of any particular series. 
 SECTION 8.11 Acceptance of
Appointment By Successor. 
 (a) In case of the appointment hereunder of a successor trustee with respect to all Securities, every such
successor trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal 

  
 27 

 
of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the
retiring Trustee; but, on the request of the Company or the successor trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor trustee all the rights, powers and trusts of
the retiring Trustee and shall duly assign, transfer and deliver to such successor trustee all property and money held by such retiring Trustee hereunder. 

(b) In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the
Company, the retiring Trustee and each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which
(1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor trustee relates, (2) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect
to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for any act or failure to act on the part of any other
Trustee hereunder; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall with respect to the
Securities of that or those series to which the appointment of such successor trustee relates have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this
Indenture, and each such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the
appointment of such successor trustee relates; but, on request of the Company or any successor trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor trustee, to the extent contemplated by such supplemental
indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor trustee relates. 

(c) Upon request of any such successor trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and
confirming to such successor trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

(d) No successor trustee shall accept its appointment unless at the time of such acceptance such successor trustee shall be qualified and
eligible under this Article. 
 (e) Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall
transmit notice of the succession of such trustee hereunder by mail, first class postage prepaid, to the Securityholders, as their names and addresses appear upon the Security Register. If the Company fails to transmit such notice within ten days
after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be transmitted at the expense of the Company. 

SECTION 8.12 Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the 

  
 28 

 
Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be
qualified under the provisions of Section 8.08 and eligible under the provisions of Section 8.09, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver
the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
 SECTION 8.13 Preferential
Collection of Claims Against the Company. 
 The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any
creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein. 

ARTICLE IX 
 CONCERNING THE
SECURITYHOLDERS 
 SECTION 9.01 Evidence of Action by Securityholders. 

Whenever in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the
Securities of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of
such majority or specified percentage of that series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Securities of that series in Person or by agent or proxy appointed
in writing. 
 If the Company shall solicit from the Securityholders of any series any request, demand, authorization, direction, notice,
consent, waiver or other action, the Company may, at its option, as evidenced by an Officers’ Certificate, fix in advance a record date for such series for the determination of Securityholders entitled to give such request, demand,
authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other action may be
given before or after the record date, but only the Securityholders of record at the close of business on the record date shall be deemed to be Securityholders for the purposes of determining whether Securityholders of the requisite proportion of
Outstanding Securities of that series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that purpose the Outstanding Securities of that series shall be computed
as of the record date; provided, however, that no such authorization, agreement or consent by such Securityholders on the record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later
than six months after the record date. 

  
 29 

 SECTION 9.02 Proof of Execution by Securityholders. 

Subject to the provisions of Section 8.01, proof of the execution of any instrument by a Securityholder (such proof will not require
notarization) or his agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner: 

(a) The fact and date of the execution by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee.

 (b) The ownership of Securities shall be proved by the Security Register of such Securities or by a certificate of the Security Registrar
thereof. 
 (c) The Trustee may require such additional proof of any matter referred to in this Section as it shall deem necessary. 

SECTION 9.03 Who May be Deemed Owners. 
 Prior
to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Company as
the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account
of the principal of (and premium, if any) and (subject to Section 3.03) interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any
notice to the contrary. 
 SECTION 9.04 Certain Securities Owned by Company Disregarded. 

In determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred in any
direction, consent or waiver under this Indenture, the Securities of that series that are owned by the Company or any other obligor on the Securities of that series or by any Person directly or indirectly controlling or controlled by or under common
control with the Company or any other obligor on the Securities of that series shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be
protected in relying on any such direction, consent or waiver, only Securities of such series that the Trustee actually knows are so owned shall be so disregarded. The Securities so owned that have been pledged in good faith may be regarded as
Outstanding for the purposes of this Section, if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not a Person directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the
Trustee. 
 SECTION 9.05 Actions Binding on Future Securityholders. 

At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 9.01, of the taking of any action by the
holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action, any holder of a Security of that series that is shown by the evidence to be
included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee, and upon proof of holding as provided in Section 9.02, revoke such action so far as concerns such Security. Except as
aforesaid any such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer
thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular
series specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities of that series. 

  
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 ARTICLE X 

SUPPLEMENTAL INDENTURES 
 SECTION 10.01
Supplemental Indentures Without the Consent of Securityholders. 
 In addition to any supplemental indenture otherwise authorized by this
Indenture, the Company and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect), without the consent of the
Securityholders, for one or more of the following purposes: 
 (a) to cure any ambiguity, defect or inconsistency herein or in the
Securities of any series; 
 (b) to comply with Article Eleven; 

(c) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(d) to add to the covenants of the Company for the benefit of the holders of all or any series of Securities (and if such covenants are to be
for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; 

(e) to add to, delete from or revise the conditions, limitations and restrictions on the authorized amount, terms, purposes of issue,
authentication and delivery of Securities, as herein set forth; 
 (f) to make any change that does not adversely affect the rights of any
Securityholder in any material respect; or 
 (g) to provide for the issuance of and establish the form and terms and conditions of the
Securities of any series as provided in Section 3.01, to establish the form of any certifications required to be furnished pursuant to the terms of this Indenture or any series of Securities, or to add to the rights of the holders of any series
of Securities. 
 The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, and to make
any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this
Indenture or otherwise. 
 Any supplemental indenture authorized by the provisions of this Section may be executed by the Company and the
Trustee without the consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 10.02. 

SECTION 10.02 Supplemental Indentures With Consent of Securityholders. 

With the consent (evidenced as provided in Section 9.01) of the holders of not less than a majority in aggregate principal amount of the
Securities of each series affected by such supplemental indenture or indentures at the time Outstanding, the Company, when authorized by Board Resolutions, and the Trustee may from time to time and at any time enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any
supplemental indenture or of modifying in any manner not covered by Section 10.01 

  
 31 

 
the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the holders of each Security
then Outstanding and affected thereby, (i) extend the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the rate of interest thereon, or reduce any premium payable upon the redemption thereof or
(ii) reduce the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture. 

It shall not be necessary for the consent of the Securityholders of any series affected thereby under this Section to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 SECTION 10.03 Effect of
Supplemental Indentures. 
 Upon the execution of any supplemental indenture pursuant to the provisions of this Article or of
Section 11.01, this Indenture shall, with respect to such series, be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of
the Trustee, the Company and the holders of Securities of the series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of
any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 SECTION 10.04
Securities Affected by Supplemental Indentures. 
 Securities of any series affected by a supplemental indenture, authenticated and
delivered after the execution of such supplemental indenture pursuant to the provisions of this Article or of Section 11.01, may bear a notation in form approved by the Company, provided such form meets the requirements of any exchange upon
which such series may be listed, as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board of Directors, to any modification
of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the Securities of that series then Outstanding. 

SECTION 10.05 Execution of Supplemental Indentures. 

Upon the request of the Company, accompanied by Board Resolutions authorizing the execution of any such supplemental indenture, and upon the
filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion but shall not be obligated to enter into such supplemental indenture. The Trustee, subject to the provisions of
Section 8.01, may receive an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by, and conforms to, the terms of this Article and that it is proper for the
Trustee under the provisions of this Article to join in the execution thereof; provided, however, that such Opinion of Counsel need not be provided in connection with the execution of a supplemental indenture that establishes the terms of a series
of Securities pursuant to Section 3.01 hereof. 
 Promptly after the execution by the Company and the Trustee of any supplemental
indenture pursuant to the provisions of this Section, the Trustee shall transmit by mail, first class postage prepaid, a notice, setting forth in general terms the substance of such supplemental indenture, to the Securityholders of all series
affected thereby as their names and addresses appear upon the Security Register. Any failure of the Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

  
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 ARTICLE XI 

SUCCESSOR ENTITY 
 SECTION 11.01 Company May
Consolidate, Etc. 
 Nothing contained in this Indenture or in any of the Securities shall prevent any consolidation or merger of the
Company with or into any other Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or its successor or successors shall be a party or parties, or shall prevent any sale, conveyance,
transfer or other disposition of the property of the Company or its successor or successors as an entirety, or substantially as an entirety, to any other corporation (whether or not affiliated with the Company or its successor or successors)
authorized to acquire and operate the same; provided, however, the Company hereby covenants and agrees that, upon any such consolidation or merger (in each case, if the Company is not the survivor of such transaction), sale, conveyance, transfer or
other disposition, the due and punctual payment of the principal of (premium, if any) and interest on all of the Securities of all series in accordance with the terms of each series, according to their tenor and the due and punctual performance and
observance of all the covenants and conditions of this Indenture with respect to each series or established with respect to such series pursuant to Section 3.01 to be kept or performed by the Company shall be expressly assumed, by supplemental
indenture (which shall conform to the provisions of the Trust Indenture Act as then in effect) satisfactory in form to the Trustee executed and delivered to the Trustee by the entity formed by such consolidation, or into which the Company shall have
been merged, or by the entity which shall have acquired such property. 
 SECTION 11.02 Successor Entity Substituted. 

(a) In case of any such consolidation, merger, sale, conveyance, transfer or other disposition and upon the assumption by the successor entity
by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the principal of (and premium, if any) and interest on all of the Securities of all series Outstanding and
the due and punctual performance of all of the covenants and conditions of this Indenture or established with respect to each series of the Securities pursuant to Section 3.01 to be performed by the Company with respect to each series, such
successor entity shall succeed to and be substituted for the Company with the same effect as if it had been named as the Company herein, and thereupon the predecessor corporation shall be relieved of all obligations and covenants under this
Indenture and the Securities. 
 (b) In case of any such consolidation, merger, sale, conveyance, transfer or other disposition such changes
in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 (c) Nothing
contained in this Article shall apply to limit or impose any requirements upon the consolidation or merger of any Person into the Company where the Company is the survivor of such transaction, or the acquisition by the Company, by purchase or
otherwise, of all or any part of the property of any other Person (whether or not affiliated with the Company). 

  
 33 

 SECTION 11.03 Evidence of Consolidation, Etc. to Trustee. 

The Trustee, subject to the provisions of Section 8.01, may receive an Opinion of Counsel as conclusive evidence that any such
consolidation, merger, sale, conveyance, transfer or other disposition, and any such assumption, comply with the provisions of this Article. 

ARTICLE XII 
 SATISFACTION AND
DISCHARGE 
 SECTION 12.01 Satisfaction and Discharge of Indenture. 

If at any time: (a) the Company shall have delivered to the Trustee for cancellation all Securities of a series theretofore authenticated
(other than any Securities that have been destroyed, lost or stolen and that have been replaced or paid as provided in Section 3.07) and Securities for whose payment money or Governmental Obligations have theretofore been deposited in trust or
segregated and held in trust by the Company (and thereupon repaid to the Company or discharged from such trust, as provided in Section 12.05); or (b) all such Securities of a particular series not theretofore delivered to the Trustee for
cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption,
and the Company shall deposit or cause to be deposited with the Trustee as trust funds the entire amount in moneys or Governmental Obligations or a combination thereof, sufficient in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay at maturity or upon redemption all Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if
any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder with respect to such series by the Company then
this Indenture shall thereupon cease to be of further effect with respect to such series except for the provisions of Sections 3.03, 3.05, 3.07, 5.01, 5.02, 5.03 and 8.10, that shall survive until the date of maturity or redemption date, as the case
may be, and Sections 8.06 and 12.05, that shall survive to such date and thereafter, and the Trustee, on demand of the Company and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of and
discharging this Indenture with respect to such series. 
 SECTION 12.02 Discharge of Obligations. 

If at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due
and payable as described in Section 12.01 shall have been paid by the Company by depositing irrevocably with the Trustee as trust funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such
Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the
Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations, as the case may be, are deposited with the Trustee the obligations
of the Company under this Indenture with respect to such series shall cease to be of further effect except for the provisions of Sections 3.03, 3.05, 3.07, 5.01, 5.02, 5.03, 8.06, 8.10 and 12.05 hereof that shall survive until such Securities shall
mature and be paid. Thereafter, Sections 8.06 and 12.05 shall survive. 

  
 34 

 SECTION 12.03 Deposited Moneys to be Held in Trust. 

All moneys or Governmental Obligations deposited with the Trustee pursuant to Sections 12.01 or 12.02 shall be held in trust and shall be
available for payment as due, either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or
Governmental Obligations have been deposited with the Trustee. 
 SECTION 12.04 Payment of Moneys Held by Paying Agents. 

In connection with the satisfaction and discharge of this Indenture all moneys or Governmental Obligations then held by any paying agent under
the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys or Governmental Obligations. 

SECTION 12.05 Repayment to Company. 
 Any moneys
or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment of principal of (and premium, if any) or interest on the Securities of a particular series that are not applied but remain
unclaimed by the holders of such Securities for at least two years after the date upon which the principal of (and premium, if any) or interest on such Securities shall have respectively become due and payable, shall be repaid to the Company or (if
then held by the Company) shall be discharged from such trust; and thereupon the paying agent and the Trustee shall be released from all further liability with respect to such moneys or Governmental Obligations, and the holder of any of the
Securities entitled to receive such payment shall thereafter, as an unsecured general creditor, look only to the Company for the payment thereof. 

ARTICLE XIII 
 IMMUNITY OF
INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 
 SECTION 13.01 No Recourse. 

No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or
otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor or successor corporation, either directly or through the Company or any such
predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued
hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as such, of the Company or of any predecessor or
successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and
that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director as
such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and
released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Securities. 

  
 35 

 ARTICLE XIV 

MISCELLANEOUS PROVISIONS 
 SECTION 14.01 Effect
on Successors and Assigns. 
 All the covenants, stipulations, promises and agreements in this Indenture contained by or on behalf of the
Company shall bind its successors and assigns, whether so expressed or not. 
 SECTION 14.02 Actions by Successor. 

Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of
the Company shall and may be done and performed with like force and effect by the corresponding board, committee or officer of any corporation that shall at the time be the lawful successor of the Company. 

SECTION 14.03 Notices. 
 Except as otherwise
expressly provided herein any notice or demand that by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the holders of Securities to or on the Company may be given or served by being deposited first
class postage prepaid in a post-office letterbox addressed (until another address is filed in writing by the Company with the Trustee), as follows:
[                    ]. Any notice, election, request or demand by the Company or any Securityholder to or upon the Trustee shall be deemed to have
been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee. 
 SECTION 14.04 Governing Law.

 This Indenture and each Security shall be deemed to be a contract made under the internal laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of said State. 
 SECTION 14.05 Compliance Certificates and Opinions. 

(a) Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company
shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such
counsel all such conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such
particular application or demand, no additional certificate or opinion need be furnished. 
 (b) Each certificate or opinion provided for in
this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant in this Indenture shall include (1) a statement that the Person making such certificate or opinion has read such covenant or condition;
(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; (3) a statement that, in the opinion of such Person, he has made
such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and (4) a statement as to whether or not, in the opinion of such Person, such
condition or covenant has been complied with. 

  
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 (c) The Company shall furnish to the Trustee, on
[                    ] of each year, a brief certificate from the principal executive officer, principal financial officer or principal accounting
officer as to his or her knowledge of such obligor’s compliance with all conditions and covenants under this Indenture. For purposes of this subsection, such compliance shall be determined without regard to any period of grace or requirement of
notice provided hereunder. 
 SECTION 14.06 Payments on Business Days. 

Except as provided pursuant to Section 3.01 pursuant to a Board Resolution, and as set forth in an Officers’ Certificate, or
established in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a Business Day, then payment of interest or
principal (and premium, if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period after such nominal date. 

SECTION 14.07 Conflict with Trust Indenture Act. 

If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317,
inclusive, of the Trust Indenture Act, such imposed duties shall control. 
 SECTION 14.08 Counterparts. 

This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one and the same instrument. 
 SECTION 14.09 Separability. 

In case any one or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such
invalid or illegal or unenforceable provision had never been contained herein or therein. 
 SECTION 14.10 Assignment. 

The Company will have the right at all times to assign any of its rights or obligations under this Indenture to a direct or indirect wholly
owned Subsidiary of the Company, provided that, in the event of any such assignment, the Company will remain liable for all such obligations. Subject to the foregoing, the Indenture is binding upon and inures to the benefit of the parties thereto
and their respective successors and assigns. This Indenture may not otherwise be assigned by the parties thereto. 

  
 37 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed all as of
the day and year first above written. 
  

			
	ALDEYRA THERAPEUTICS, INC.
		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

	
	
[                    ],

	as Trustee
		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:

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