Document:

EX-10.14

 Exhibit 10.14 

 
  

INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE—GROSS MODIFIED 

DATED JULY 2, 2018 BY AND BETWEEN GENELUX CORPORATION, A 

DELAWARE CORPORATION AND MARINDUSTRY PARTNERS, LP, A 

CALIFORNIA LIMITED PARTNERSHIP 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 1.  BASIC PROVISIONS
	  	 	1	 
			
	 1.1
	  	Parties	  	 	1	 
	 1.2
	  	Premises and Parking	  	 	1	 
	 1.3
	  	Term	  	 	1	 
	 1.4
	  	Early Possession	  	 	1	 
	 1.5
	  	Base Rent	  	 	2	 
	 1.6
	  	Base Rent and Other Monies Payable Upon Execution	  	 	2	 
	 1.7
	  	Agreed Use	  	 	2	 
	 1.8
	  	Insuring Party	  	 	2	 
	 1.9
	  	Guarantor	  	 	2	 
	 1.10
	  	Options	  	 	2	 
	 1.11
	  	Attachments	  	 	3	 
		
	 2.  PREMISES
	  	 	3	 
			
	 2.1
	  	Letting	  	 	3	 
	 2.2
	  	Condition	  	 	3	 
	 2.3
	  	Compliance	  	 	4	 
	 2.4
	  	Acknowledgments	  	 	5	 
	 2.5
	  	Lessee as Prior Owner/Occupant	  	 	5	 
	 2.6
	  	Vehicle Parking	  	 	5	 
	 2.7
	  	Common Areas — Definition	  	 	5	 
	 2.8
	  	Common Areas - Lessee’s Rights	  	 	6	 
	 2.9
	  	Common Areas - Rules and Regulations	  	 	6	 
	 2.10
	  	Common Areas — Changes	  	 	6	 
		
	 3.  TERM
	  	 	7	 
			
	 3.1
	  	Term	  	 	7	 
	 3.2
	  	Early Possession	  	 	7	 
	 3.3
	  	Delay in Possession	  	 	7	 
	 3.4
	  	Lessee Compliance	  	 	7	 
		
	 4.  RENT
	  	 	8	 
			
	 4.1
	  	Rent Defined	  	 	8	 
	 4.2
	  	Payment	  	 	8	 
		
	 5.  SECURITY DEPOSIT
	  	 	8	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 6.  USE
	  	 	9	 
			
	 6.1
	  	Use	  	 	9	 
	 6.2
	  	Hazardous Substances	  	 	9	 
	 6.3
	  	Lessee’s Compliance with Applicable Requirements	  	 	11	 
	 6.4
	  	Inspection; Compliance	  	 	11	 
		
	 7.  TENANT IMPROVEMENTS
	  	 	11	 
		
	 8.  MAINTENANCE; REPAIRS; UTILITY INSTALLATIONS; TRADE FIXTURES AND
ALTERATIONS
	  	 	12	 
			
	 8.1
	  	Lessee’s Obligations	  	 	12	 
	 8.2
	  	Lessor’s Obligations	  	 	12	 
	 8.3
	  	Utility Installations; Trade Fixtures; Alterations	  	 	13	 
	 8.4
	  	Ownership: Removal; Surrender; and Restoration	  	 	14	 
		
	 9.  INSURANCE; INDEMNITY
	  	 	15	 
			
	 9.1
	  	Liability Insurance	  	 	15	 
	 9.2
	  	Property Insurance—Building, Improvements and Rental Value	  	 	15	 
	 9.3
	  	Lessee’s Property: Business Interruption Insurance: Worker’s Compensation Insurance: Pollution Liability Insurance	  	 	16	 
	 9.4
	  	Insurance Policies	  	 	17	 
	 9.5
	  	Waiver of Subrogation	  	 	17	 
	 9.6
	  	Indemnity	  	 	17	 
	 9.7
	  	Exemption of Lessor and its Agents from Liability	  	 	18	 
	 9.8
	  	Failure to Provide Insurance	  	 	18	 
		
	 10.  DAMAGE OR DESTRUCTION
	  	 	18	 
			
	 10.1
	  	Definitions	  	 	18	 
	 10.2
	  	Partial Damage—Insured Loss	  	 	19	 
	 10.3
	  	Partial Damage—Uninsured Loss	  	 	19	 
	 10.4
	  	Total Destruction	  	 	20	 
	 10.5
	  	Damage Near End of Term	  	 	20	 
	 10.6
	  	Abatement of Rent; Lessee’s Remedies	  	 	20	 
	 10.7
	  	Termination; Advance Payments	  	 	21	 
		
	 11.  REAL PROPERTY TAXES
	  	 	21	 
			
	 11.1
	  	Definitions	  	 	21	 
	 11.2
	  	Additional Improvements	  	 	21	 

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 11.3
	  	Personal Property Taxes	  	 	21	 
		
	 12.  UTILITIES AND SERVICES
	  	 	22	 
		
	 13.  ASSIGNMENT AND SUBLETTING
	  	 	22	 
			
	 13.1
	  	Lessor’s Consent Required	  	 	22	 
	 13.2
	  	Terms and Conditions Applicable to Assignment and Subletting	  	 	23	 
	 13.3
	  	Additional Terms and Conditions Applicable to Subletting	  	 	24	 
		
	 14.  DEFAULT; BREACH; REMEDIES
	  	 	24	 
			
	 14.1
	  	Default; Breach	  	 	24	 
	 14.2
	  	Remedies	  	 	26	 
	 14.3
	  	Inducement Recapture	  	 	27	 
	 14.4
	  	Late Charges	  	 	27	 
	 14.5
	  	Interest	  	 	27	 
	 14.6
	  	Breach by Lessor	  	 	27	 
		
	 15.  CONDEMNATION
	  	 	28	 
			
	 15.1
	  	Effect on Lease	  	 	28	 
	 15.2
	  	Allocation of Condemnation Award	  	 	28	 
		
	 16.  CONFIDENTIAL INFORMATION, INDEMNITIES OF RELATIONSHIPS
	  	 	29	 
			
	 16.1
	  	Confidential Information	  	 	29	 
	 16.2
	  	Indemnities	  	 	29	 
		
	 17.  ESTOPPEL CERTIFICATES AND FINANCIAL STATEMENTS
	  	 	29	 
			
	 17.1
	  	Obligation to Provide Estoppel Certificate	  	 	29	 
	 17.2
	  	Remedies for Failure to Provide Estoppel Certificate.	  	 	29	 
	 17.3
	  	Additional Provisions Regarding Lessor Finance, Refinance or Sale of Premises	  	 	30	 
		
	 18.  SUBORDINATION; ATTORNMENT;
NON-DISTURBANCE
	  	 	30	 
			
	 18.1
	  	Subordination	  	 	30	 
	 18.2
	  	Attornment	  	 	30	 
	 18.3
	  	Non-Disturbance	  	 	30	 
	 18.4
	  	Self-Executing	  	 	31	 
		
	 19.  OPTIONS
	  	 	31	 
			
	 19.1
	  	General Provisions Applicable to Options	  	 	31	 
	 19.2
	  	Effect of Default on Options	  	 	31	 
	 19.3
	  	Option Exercise Procedures	  	 	32	 

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 20.  MISCELLANEOUS PROVISIONS
	  	 	32	 
			
	 20.1
	  	Definition of Lessor	  	 	32	 
	 20.2
	  	Severability	  	 	33	 
	 20.3
	  	Days	  	 	33	 
	 20.4
	  	Limitation on Liability	  	 	33	 
	 20.5
	  	Time of Essence	  	 	33	 
	 20.6
	  	No Prior or Other Agreements	  	 	33	 
	 20.7
	  	Notices	  	 	33	 
	 20.8
	  	Waivers	  	 	34	 
	 20.9
	  	No Right to Holdover	  	 	34	 
	 20.10
	  	Cumulative Remedies	  	 	34	 
	 20.11
	  	Covenants and Conditions: Construction of Agreement	  	 	34	 
	 20.12
	  	Binding Effect; Choice of Law	  	 	35	 
	 20.13
	  	Attorneys’ Fees	  	 	35	 
	 20.14
	  	Lessor’s Access: Showing Premises; Repairs	  	 	35	 
	 20.15
	  	Auctions	  	 	35	 
	 20.16
	  	Skins	  	 	35	 
	 20.17
	  	Termination; Merger	  	 	36	 
	 20.18
	  	Consents	  	 	36	 
	 20.19
	  	Quiet Possession	  	 	36	 
	 20.20
	  	Security Measures	  	 	36	 
	 20.21
	  	Reservations	  	 	36	 
	 20.22
	  	Performance Under Protest	  	 	37	 
	 20.23
	  	Authority: Multiple Parties; Execution	  	 	37	 
	 20.24
	  	Offer	  	 	37	 
	 20.25
	  	Amendments	  	 	37	 
	 20.26
	  	Waiver of Trial By Jury	  	 	37	 
	 20.27
	  	Accessibility; Americans with Disabilities Act	  	 	38	 

  

  
 -iv- 

 INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE — GROSS 

 

	1.	 BASIC PROVISIONS 

 

	 	1.1	 Parties  

This Lease (“Lease”), dated for reference purposes only July 17, 2018, is made by and between Marindustry Partners, LP, a
California limited partnership (“Lessor”) and Genelux Corporation, a Delaware corporation (“Lessee”), (collectively the “Parties”, or individually a “Party”). 

 

	 	1.2	 Premises and Parking 

1.2.1 That certain portion of the Project (as defined below), including all improvements therein or to be provided by Lessor under the terms of
this Lease, commonly known by the street address of 6335 Marindustry Drive, San Diego, California 92121, located in the County of San Diego, State of California, as outlined on Exhibit A attached hereto (“Premises”), and which is comprised
of an agreed upon 7,569 rentable square feet. 
 1.2.2 In addition to Lessee’s rights to use and occupy the Premises as hereinafter
specified, Lessee shall have non-exclusive rights to the Common Areas (as defined in Section 2.7 below), but shall not have any rights to the roof, or exterior walls of any buildings in the Project,
except that Lessee shall have the right to the roof for installation and maintenance of HVAC units necessary for a clean room for biopharmaceutical manufacturing. Roof penetrations shall not be made without prior Lessor approval, which approval
shall not be unreasonably withheld. Lessee shall have the right to occupy one parking stall in the rear of the building for the installation and maintenance of an electrical generator necessary for a clean room for biopharmaceutical manufacturing,
as shown on Exhibit A, attached hereto. The Premises, the Common Areas, the land upon which they are located, along with all buildings and improvements thereon, are herein collectively referred to as the “Project.” (See also
Section 2.) 
 1.2.3 Except as expressly provided herein, surface parking is provided free of charge with unassigned parking spaces, on
first come first served basis. No vehicle maintenance shall be performed in the Project. (See also Section 2.6.) 
  

	 	1.3	 Term 

The term of the lease shall be 60 months (“Original Term”) commencing October 1, 2018 (“Commencement Date”) and ending
September 30, 2023 (“Expiration Date”). (See also Section 3.) 
  

	 	1.4	 Early Possession 

If the Premises are available, Lessee may have non-exclusive possession of the Premises commencing
approximately August 1, 2018 for purposes of making certain improvements thereto and installing Lessee’s furniture, fixtures, and equipment therein (“Early Possession Date”). (See also Sections 3.2 and 3.3.) 

  
 1 

	 	1.5	 Base Rent 

Lessee shall pay Lessor $9,461.25 per month (“Base Rent”), payable on the first day of each month commencing October 1, 2018.
Base Rent shall be adjusted during the Original Term as follows: 
  

					
	 Months 1 — 12 (10/01/18 — 09/30/19)
	  	$	9,461.25	 
	 Months 13 — 24 (10/01/19 — 09/30/20)
	  	$	9,745.09	 
	 Months 25 — 36 (10/01/20 — 09/30/21)
	  	$	10,037.44	 
	 Months 37 — 48 (10/01/21 — 09/30/22)
	  	$	10,338.56	 
	 Months 49 — 60 (10/01/22 — 09/30/23)
	  	$	10,648.72	 

 Base Rent shall be abated and shall not be payable during months 2 and 13 of the Original Term, provided
however that during any month for which rent is abated, the remaining terms of this Lease shall remain in full force and effect. 
 Base
Rent shall be payable as set forth in Section 4. 
  

	 	1.6	 Base Rent and Other Monies Payable Upon Execution  

a. Base Rent: $9,461.25 for the period of October 1, 2018. 

b. Security Deposit: $56,767.50 (“Security Deposit”). (See also Section 5.) 

c. Total Due Upon Execution of this Lease: $66,228.75. 

 

	 	1.7	 Agreed Use  

General office, labs, light manufacturing, cleanroom, biotech, and warehouse space. Lessee will use the premises to manufacture, store and
distribute biopharmaceutical products under Good Manufacturing Practices and in compliance with applicable regulations. (See also Section 6) 
  

	 	1.8	 Insuring Party  

Lessor is the “Insuring Party.” (See also Section 9) 
  

	 	1.9	 Guarantor 

[Not applicable — intentionally omitted.] 
  

	 	1.10	 Options  

Lessor hereby grants Lessee the Option to extend the term of this Lease for one five (5) year term, provided that Lessee is not in Default
under this Lease either at the time it elects to exercise an Option, or at the commencement date of the extension period as applicable. See also Section 19 for additional Option terms. 

  
 2 

	 	1.11	 Attachments 

Attached hereto are the following, all of which constitute a part of this Lease: 

Exhibit A — “Site Plan of the Premises” 

Exhibit B — “Tenant Improvements” 

Exhibit C — “Guaranty”—[Not applicable — intentionally omitted.] 

Exhibit D — “Estoppel Certificate” 

Exhibit E — “Hazardous Substances” 

Exhibit F — “Clean Room Specifications” 
  

	2.	 PREMISES 

  

	 	2.1	 Letting 

Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the rental, and upon all of the terms,
covenants and conditions set forth in this Lease. While the approximate square footage of the Premises may have been used in the marketing of the Premises for purposes of comparison, the Base Rent stated herein is NOT tied to square footage and is
not subject to adjustment should the actual size be determined to be different. NOTE: Lessee is advised to verify the actual size prior to executing this Lease. 
  

	 	2.2	 Condition 

Lessor shall deliver the Premises (“Unit”) to Lessee broom clean and free of debris on the Commencement Date or the Early Possession
Date, whichever first occurs (“Start Date”), and, so long as the required service contracts described in Section 8.1.2 below are obtained by Lessee and in effect within thirty days following the Commencement Date, warrants that the
existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning unit and ducting (“HVAC”), loading doors, sump pumps, if any, and all other such elements in the Unit, other than those constructed by
Lessee, shall be in good operating condition on said date, that the structural elements of the roof including the roof covering shall be in water tight condition and in good condition and repair, bearing walls and foundation of the Unit shall be
free of material defects, and that the Unit does not contain hazardous levels of any mold or fungi defined as toxic under applicable state or federal law. If a non-compliance with such warranty exists as of
the Commencement Date, or if one of such systems or elements should malfunction or fail within the appropriate warranty period, Lessor shall, as Lessor’s sole obligation with respect to such matter, except as otherwise provided in this Lease,
promptly after receipt of written notice from Lessee setting forth with specificity the nature and extent of such non-compliance, malfunction or failure, rectify same at Lessor’s expense. The warranty
periods shall be as follows: (i) nine months as to the roof, (ii) three months as to the HVAC systems, and (iii) 30 days as to the remaining systems and other elements of the Unit. If Lessee does not give Lessor the required notice within
the appropriate warranty period, correction of any such non-compliance, malfunction or failure shall be the obligation of Lessee at Lessee’s sole cost and expense (except for the repairs to the fire
sprinkler systems, roof, foundations, and/or bearing walls—see Section 8). 

  
 3 

	 	2.3	 Compliance 

Lessor, at its expense, shall be responsible for any code compliance to the exterior areas of the Premises, if required by the City, unless
such additional code compliance is the result of Lessee’s use or permits required as a result of Lessee’s modifications to the Premises. Lessor warrants that to the best of its knowledge the improvements on the Premises comply with the
building codes that were in effect at the time that each such improvement, or portion thereof, was constructed, and also with all applicable laws, covenants or restrictions of record, regulations, and ordinances in effect on the Start Date
(“Applicable Requirements”). Said warranty does not apply to the use to which Lessee will put the Premises, modifications which may be required by the Americans with Disabilities Act or any similar zoning or other laws as a result of
Lessee’s specific biotech use (see Section 20.27), or to any Alterations or Utility Installations (as defined in Section 8.3.1) made or to be made by Lessee. If the Premises do not comply with said warranty or code compliance, Lessor
shall, except as otherwise provided, promptly after receipt of written notice from Lessee setting forth with specificity the nature and extent of such non-compliance rectify the same at Lessor’s expense.
If Lessee does not give Lessor written notice of a non-compliance with this warranty within six months following the Start Date, correction of that non-compliance shall
be the obligation of Lessee at Lessee’s sole cost and expense. If the Applicable Requirements are hereafter changed so as to require during the term of this Lease the construction of an addition to or an alteration of the Unit and/or the
Premises, the remediation of any Hazardous Substance, or the reinforcement or other physical modification of the Unit or Premises (“Capital Expenditure”), Lessor and Lessee shall allocate the cost of such work as set forth in this section.

 NOTE: Lessee is responsible for determining whether or not the Applicable Requirements and especially the zoning are appropriate for
Lessee’s intended use, and acknowledges that past uses of the Premises may no longer be allowed. 
 2.3.1 Subject to Section 2.3.3
below, if such Capital Expenditures are required as a result of the specific and unique biotech use of the Premises by Lessee as compared with uses by tenants in general, Lessee shall be fully responsible for the cost thereof. 

2.3.2 If such Capital Expenditure is not the result of the specific and unique use of the Premises by Lessee (such as, governmentally mandated
seismic modifications), then Lessor shall pay for such Capital Expenditure and Lessee shall only be obligated to pay, each month during the remainder of the term of this Lease or any extension thereof, on the date that on which the Base Rent is due,
an amount equal to the Lessee’s Share of the costs multiplied by a fraction, the numerator of which shall be one (1) and the denominator of which shall be the number of months over which the capital expenditure may be depreciated by the
Lessor for income tax purposes. 
 2.3.3 Notwithstanding the above, the provisions concerning Capital Expenditures are intended to apply
only to non-voluntary, unexpected, and new Applicable Requirements. If the Capital Expenditures are instead triggered by Lessee as a result of an actual or proposed change in use, change in intensity of use,
or modification to the Premises then, and in that event, Lessee shall either: (i) immediately cease such changed use or intensity of use and/or take such other steps as may be necessary to eliminate the requirement for such Capital Expenditure,
or (ii) complete such Capital Expenditure at its own expense. Lessee shall not have any right to terminate this Lease. 

  
 4 

	 	2.4	 Acknowledgments 

Lessee acknowledges that: (a) it has been given an opportunity to inspect and measure the Premises, (b) it has been advised by Lessor
to satisfy itself with respect to the size and condition of the Premises (including but not limited to the electrical, HVAC and fire sprinkler systems, security, environmental aspects, and compliance with Applicable Requirements and the Americans
with Disabilities Act), and their suitability for Lessee’s intended use, (c) Lessee has made such investigation as it deems necessary with reference to such matters and assumes all responsibility therefor as the same relate to its
occupancy of the Premises, (d) it is not relying on any representation as to the size of the Premises made by Lessor, (e) the square footage of the Premises was not material to Lessee’s decision to lease the Premises and pay the Rent
stated herein, and (f) neither Lessor, Lessor’s agents, nor Brokers have made any oral or written representations or warranties with respect to said matters other than as set forth in this Lease. 

 

	 	2.5	 Lessee as Prior Owner/Occupant 

The warranties made by Lessor in Section 2 shall be of no force or effect if immediately prior to the Start Date Lessee was the owner or
occupant of the Premises. In such event, Lessee shall be responsible for any necessary corrective work. 
  

	 	2.6	 Vehicle Parking  

Lessee shall be entitled to use unreserved Parking Spaces in the Common Areas designated from time to time by Lessor for parking. Said parking
spaces shall be used for parking by vehicles no larger than full-size passenger automobiles or pick-up trucks, herein called “Permitted Size Vehicles.” Lessor
may regulate the loading and unloading of vehicles by adopting Rules and Regulations as provided in Section 2.9. No vehicles other than Permitted Size Vehicles may be parked in the Common Area without the prior written permission of Lessor. In
addition: 
 2.6.1 Lessee shall not permit or allow any vehicles that belong to or are controlled by Lessee or Lessee’s employees,
suppliers, shippers, customers, contractors or invitees to be loaded, unloaded, or parked in areas other than those designated by Lessor for such activities. 

2.6.2 Lessee shall not service or store any vehicles in the Common Areas. 

2.6.3 If Lessee permits or allows any of the prohibited activities described in this Section 2.6, then Lessor shall have the right,
without notice, in addition to such other rights and remedies that it may have, to remove or tow away the vehicle involved and charge the cost to Lessee, which cost shall be immediately payable upon demand by Lessor. 

 

	 	2.7	 Common Areas — Definition 

The term “Common Areas” is defined as all areas and facilities outside the Premises and within the exterior boundary line of the
Project and interior utility raceways and installations within the Unit that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other tenants of
the Project and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, walkways, driveways and landscaped areas. 

  
 5 

	 	2.8	 Common Areas—Lessee’s Rights 

Lessor grants to Lessee, for the benefit of Lessee and its employees, suppliers, shippers, contractors, customers and invitees, during the term
of this Lease, the non-exclusive right to use, in common with others entitled to such use, the Common Areas as they exist from time to time, subject to any rights, powers, and privileges reserved by Lessor
under the terms hereof or under the terms of any rules and regulations or restrictions governing the use of the Project. Subject to and other than as set forth in Section 1.2, under no circumstances shall the right herein granted to use the
Common Areas be deemed to include the right to store any property, temporarily or permanently, in the Common Areas. Any such storage shall be permitted only by the prior written consent of Lessor or Lessor’s designated agent, which consent may
be revoked at any time. In the event that any unauthorized storage shall occur, then Lessor shall have the right, without notice, in addition to such other rights and remedies that it may have, to remove the property and charge the cost to Lessee,
which cost shall be immediately payable upon demand by Lessor. Lessee acknowledges that all driveways, parking and loading areas (not including loading docks) in the Project are to be used in common with other tenants in the Project, and their
guests, customers, and suppliers, and that none of said areas are for the exclusive use of Lessee. 
  

	 	2.9	 Common Areas—Rules and Regulations 

Lessor or such other person(s) as Lessor may appoint shall have the exclusive control and management of the Common Areas and shall have the
right, from time to time, to establish, modify, amend and enforce reasonable rules and regulations (“Rules and Regulations”) for the management, safety, care, and cleanliness of the grounds, the parking and unloading of vehicles and the
preservation of good order, as well as for the convenience of other occupants or tenants of the Project and their invitees. Lessee agrees to abide by and conform to all such Rules and Regulations and shall use its best efforts to cause its
employees, suppliers, shippers, customers, contractors and invitees to so abide and conform. Lessor shall not be responsible to Lessee for the non-compliance with said Rules and Regulations by other tenants of
the Project. 
  

	 	2.10	 Common Areas — Changes 

Lessor shall have the right, in Lessor’s sole discretion, from time to time: 

2.10.1 To make changes to the Common Areas, including, without limitation, changes in the location, size, shape and number of driveways,
entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas, walkways and utility raceways; 

2.10.2 To close temporarily any of the Common Areas for maintenance purposes so long as reasonable access to the Premises remains available;

 2.10.3 To designate other land outside the boundaries of the Project to be a part of the Common Areas; 

2.10.4 To add additional buildings and improvements to the Common Areas; 

2.10.5 To use the Common Areas while engaged in making additional improvements, repairs or alterations to the Project, or any portion thereof;
and 

  
 6 

 2.10.6 To do and perform such other acts and make such other changes in, to or with respect
to the Common Areas and Project as Lessor may, in the exercise of sound business judgment, deem to be appropriate; provided, however, notwithstanding any of the foregoing provisions of this section 2.10, Lessor shall not interfere with Lessee’s
quiet enjoyment of the premises, e.g., alternative ingress and parking, and shall not reduce the number or size of non-reserved parking spaces available to Lessee at the commencement of the lease. 

 

	3.	 TERM 

  

	 	3.1	 Term 

The Commencement Date, Expiration Date and Original Term of this Lease are as specified in Section 1.3. 

 

	 	3.2	 Early Possession  

Any provision herein granting Lessee Early Possession of the Premises is subject to and conditioned upon the Premises being available for such
possession prior to the Commencement Date. Any grant of Early Possession only conveys a non-exclusive right to occupy the Premises. If Lessee totally or partially occupies the Premises prior to the
Commencement Date, the obligation to pay Base Rent shall be abated for the period of such Early Possession until the Commencement Date. All other terms of this Lease (including but not limited to the obligations to pay Lessee’s Share of Common
Area Operating Expenses, Real Property Taxes and insurance premiums and to maintain the Premises) shall be in effect during such period. Any such Early Possession shall not affect the Expiration Date. 

 

	 	3.3	 Delay in Possession 

Lessor agrees to use its best commercially reasonable efforts to deliver possession of the Premises to Lessee by the Commencement Date. If,
despite said efforts, Lessor is unable to deliver possession by such date, Lessor shall not be subject to any liability therefor, nor shall such failure affect the validity of this Lease or change the Expiration Date. Lessee shall not, however, be
obligated to pay Rent or perform its other obligations until Lessor delivers possession of the Premises and any period of rent abatement that Lessee would otherwise have enjoyed shall run from the date of delivery of possession and continue for a
period equal to what Lessee would otherwise have enjoyed under the terms hereof, but minus any days of delay caused by the acts or omissions of Lessee. If possession is not delivered by the Commencement Date, Lessee may, at its option, by notice in
writing within 30 days after the Commencement Date, cancel this Lease, in which event the Parties shall be discharged from all obligations hereunder and all monies returned. If such written notice is not received by Lessor within said 30-day period, Lessee’s right to cancel shall terminate. If possession of the Premises is not delivered within 60 days after the Commencement Date, this Lease shall terminate unless other agreements are reached
between Lessor and Lessee, in writing. 
  

	 	3.4	 Lessee Compliance 

Lessor shall not be required to tender possession of the Premises to Lessee until Lessee complies with its obligation to provide evidence of
insurance (Section 9.4). Pending delivery of such evidence, Lessee shall be required to perform all of its obligations under this Lease from and after the Start Date, including the payment of Rent, notwithstanding Lessor’s election to withhold
possession pending receipt of such evidence of insurance. Further, if Lessee is required 

  
 7 

 
to perform any other conditions prior to or concurrent with the Start Date, the Start Date shall occur, but Lessor may elect to withhold possession until such conditions are satisfied. 

 

	4.	 RENT 

  

	 	4.1	 Rent Defined 

All monetary obligations of Lessee to Lessor under the terms of this Lease (except for the Security Deposit) are deemed to be rent
(“Rent”). 
  

	 	4.2	 Payment 

Lessee shall cause payment of Rent to be received by Lessor in lawful money of the United States, without offset or deduction (except as
specifically permitted in this Lease), on or before the day on which it is due. In the event that any statement or invoice prepared by Lessor is inaccurate such inaccuracy shall not constitute a waiver and Lessee shall be obligated to pay the amount
set forth in this Lease. Rent for any period during the term hereof which is for less than one full calendar month shall be prorated based upon the actual number of days of said month. Payment of Rent shall be made to Lessor at its address stated
herein or to such other persons or place as Lessor may from time to time designate in writing. Acceptance of a payment which is less than the amount then due shall not be a waiver of Lessor’s rights to the balance of such Rent, regardless of
Lessor’s endorsement of any check so stating. In the event that any check, draft, or other instrument of payment given by Lessee to Lessor is dishonored for any reason, Lessee agrees to pay to Lessor the sum of $25 in addition to any Late
Charge and Lessor, at its option, may require all future Rent be paid by cashier’s check. Payments will be applied first to accrued late charges and attorney’s fees, second to accrued interest, then to Base Rent and Common Area Operating
Expenses, and any remaining amount to any other outstanding charges or costs. 
  

	5.	 SECURITY DEPOSIT 

Lessee shall deposit with Lessor upon execution hereof the Security Deposit in the amount of $56,767.50 (“Security Deposit”)
as security for Lessee’s faithful performance of its obligations under this Lease. If Lessee fails to pay Rent, or otherwise Defaults under this Lease, Lessor may use, apply or retain all or any portion of said Security Deposit for the payment
of any amount already due Lessor, for Rents which will be due in the future, and/ or to reimburse or compensate Lessor for any liability, expense, loss or damage which Lessor may suffer or incur by reason thereof. If Lessor uses or applies all or
any portion of the Security Deposit, Lessee shall within 10 days after written request therefor deposit monies with Lessor sufficient to restore said Security Deposit to the full amount required by this Lease. Should the Agreed Use be amended to
accommodate a material change in the business of Lessee or to accommodate a sublessee or assignee, Lessor shall have the right to increase the Security Deposit to the extent necessary, in Lessor’s reasonable judgment, to account for any
increased wear and tear that the Premises may suffer as a result thereof. If a change in control of Lessee occurs during this Lease and following such change the financial condition of Lessee is, in Lessor’s reasonable judgment, significantly
reduced, Lessee shall deposit such additional monies with Lessor as shall be sufficient to cause the Security Deposit to be at a commercially reasonable level based on such change in financial condition. Lessor shall not be required to keep the
Security Deposit separate from its general accounts. Within 90 days after the expiration or termination of this Lease, Lessor shall return that portion of the Security Deposit to Lessee not used or applied by Lessor. No part of the Security

  
 8 

 
Deposit shall be considered to be held in trust, to bear interest or to be prepayment for any monies to be paid by Lessee under this Lease. 

 

	6.	 USE 

  

	 	6.1	 Use 

Lessee shall use and occupy the Premises only for the Agreed Use, or any other legal use which is reasonably comparable thereto, and for no
other purpose. Lessee shall not use or permit the use of the Premises in a manner that is unlawful, creates damage, waste or a nuisance, or that disturbs occupants of or causes damage to neighboring premises or properties. Other than guide, signal
and Seeing Eye dogs, Lessee shall not keep or allow in the Premises any pets, animals, birds, fish, or reptiles. 
  

	 	6.2	 Hazardous Substances 

6.2.1 The term “Hazardous Substance” as used in this Lease shall mean any product, substance, or waste whose presence, use,
manufacture, disposal, transportation, or release, either by itself or in combination with other materials expected to be on the Premises, is either: (i) potentially injurious to the public health, safety or welfare, the environment or the
Premises, (ii) regulated or monitored by any governmental authority, or (iii) a basis for potential liability of Lessor to any governmental agency or third party under any applicable statute or common law theory. Hazardous Substances shall
include, but not be limited to, hydrocarbons, petroleum, gasoline, and/or crude oil or any products, by-products or fractions thereof. Lessee shall not engage in any activity in or on the Premises which
constitutes a Reportable Use of Hazardous Substances without the express prior written consent of Lessor and timely compliance (at Lessee’s expense) with all Applicable Requirements. “Reportable Use” shall mean (i) the
installation or use of any above or below ground storage tank, (ii) the generation, possession, storage, use, transportation, or disposal of a Hazardous Substance that requires a permit from, or with respect to which a report, notice,
registration or business plan is required to be filed with, any governmental authority, and/or (iii) the presence at the Premises of a Hazardous Substance with respect to which any Applicable Requirements mandate that a notice or identification
be provided that a Hazardous Substance is located on or in the Premises. Notwithstanding the foregoing, Lessee may use any ordinary and customary materials reasonably required to be used in the normal course of the Agreed Use, ordinary office
supplies (copier toner, liquid paper, glue, etc.) and common household cleaning materials, so long as such use is in compliance with all Applicable Requirements, is not a Reportable Use, and does not expose the Premises or neighboring property to
any meaningful risk of contamination or damage or expose Lessor to any liability therefor. In addition, Lessor may condition its consent to any Reportable Use upon receiving such additional assurances as Lessor reasonably deems necessary to protect
itself, the public, the Premises and/or the environment against damage, contamination, injury and/or liability, including, but not limited to, the installation (and removal on or before Lease expiration or termination) of protective modifications
(such as concrete encasements) and/or increasing the Security Deposit if Lessor can show proof that Lessor’s insurance premium increase was caused specifically by the Reportable Use. Lessor approves and consents to the list of Hazardous
Substances provided by Lessee and contained in Exhibit E. 
 6.2.2 If Lessee knows, or has reasonable cause to believe, that a Hazardous
Substance has come to be located in, on, under or about the Premises, other than as previously consented to by Lessor, Lessee shall immediately give written notice of such fact to Lessor, and 

  
 9 

 
provide Lessor with a copy of any report, notice, claim or other documentation which it has concerning the presence of such Hazardous Substance. 

6.2.3 Lessee shall not cause or permit any Hazardous Substance to be spilled or released in, on, under, or about the Premises (including
through the plumbing or sanitary sewer system) and shall promptly, at Lessee’s expense, comply with all Applicable Requirements and take all investigatory and/or remedial action reasonably recommended, whether or not formally ordered or
required, for the cleanup of any contamination of, and for the maintenance, security and/or monitoring of the Premises or neighboring properties, that was caused or materially contributed to by Lessee, or pertaining to or involving any Hazardous
Substance brought onto the Premises during the term of this Lease, by or for Lessee, or any third party. 
 6.2.4 Lessee shall indemnify,
defend and hold Lessor, its agents, employees, lenders and ground lessor, if any, harmless from and against any and all loss of rents and/or damages, liabilities, judgments, claims, expenses, penalties, and attorneys’ and consultants’ fees
arising out of or involving any Hazardous Substance brought onto the Premises by or for Lessee, or any third party (provided, however, that Lessee shall have no liability under this Lease with respect to underground migration of any Hazardous
Substance under the Premises from areas outside of the Project not caused or contributed to by Lessee). Lessee’s obligations shall include, but not be limited to, the effects of any contamination or injury to person, property or the environment
created or suffered by Lessee, and the cost of investigation, removal, remediation, restoration and/or abatement, and shall survive the expiration or termination of this Lease. No termination, cancellation or release agreement entered into by Lessor
and Lessee shall release Lessee from its obligations under this Lease with respect to Hazardous Substances, unless specifically so agreed by Lessor in writing at the time of such agreement. 

6.2.5 Except as otherwise provided in Section 9.6, Lessor and its successors and assigns shall indemnify, defend, reimburse and hold
Lessee, its employees and lenders, harmless from and against any and all environmental damages, including the cost of remediation, which suffered as a direct result of Hazardous Substances on the Premises prior to Lessee taking possession or which
are caused by the gross negligence or willful misconduct of Lessor, its agents or employees. Lessor’s obligations, as and when required by the Applicable Requirements, shall include, but not be limited to, the cost of investigation, removal,
remediation, restoration and/or abatement, and shall survive the expiration or termination of this Lease. 
 6.2.6 Lessor shall retain the
responsibility and pay for any investigations or remediation measures required by governmental entities having jurisdiction with respect to the existence of Hazardous Substances on the Premises prior to Lessee taking possession, unless such
remediation measure is required as a result of Lessee’s use (including “Alterations”, as defined in Section 8.3.1 below) of the Premises, in which event Lessee shall be responsible for such payment. Lessee shall cooperate fully
in any such activities at the request of Lessor, including allowing Lessor and Lessor’s agents to have reasonable access to the Premises at reasonable times in order to carry out Lessor’s investigative and remedial responsibilities. 

6.2.7 If a Hazardous Substance Condition (see Section 10.1.5) occurs during the term of this Lease, unless Lessee is legally responsible
therefor (in which case Lessee shall make the investigation and remediation thereof required by the Applicable Requirements and this Lease shall continue in full force and effect, but subject to Lessor’s rights under Section 6.2.4 and
Section 14), Lessor may, at Lessor’s option, either (i) investigate and remediate such Hazardous Substance Condition, if required, as soon as reasonably possible at Lessor’s expense, in which event this Lease shall continue in
full force and effect, or (ii) give written notice to Lessee, within 

  
 10 

 
60 days after receipt by Lessor of knowledge of the occurrence of such Hazardous Substance Condition, of Lessor’s desire to terminate this Lease as of the date 60 days following the date of
such notice. In the event Lessor elects to give a termination notice, Lessee may, within 10 days thereafter, give written notice to Lessor of Lessee’s commitment to pay the cost of the remediation of such Hazardous Substance Condition. Lessee
shall provide Lessor with said funds or satisfactory assurance thereof within 30 days following such commitment. In such event, this Lease shall continue in full force and effect, and Lessor shall proceed to make such remediation as soon as
reasonably possible after the required funds are available. If Lessee does not give such notice and provide the required funds or assurance thereof within the time provided, this Lease shall terminate as of the date specified in Lessor’s notice
of termination. 
  

	 	6.3	 Lessee’s Compliance with Applicable Requirements 

Except as otherwise provided in this Lease, Lessee shall, at Lessee’s sole expense, fully, diligently and in a timely manner, materially
comply with all Applicable Requirements, the requirements of any applicable fire insurance underwriter or rating bureau, and the recommendations of Lessor’s engineers and/or consultants which relate in any manner to such Requirements, without
regard to whether said Requirements are now in effect or become effective after the Start Date. Lessee shall, within 10 days after receipt of Lessor’s written request, provide Lessor with copies of all permits and other documents, and other
information evidencing Lessee’s compliance with any Applicable Requirements specified by Lessor, and shall immediately upon receipt, notify Lessor in writing (with copies of any documents involved) of any threatened or actual claim, notice,
citation, warning, complaint or report pertaining to or involving the failure of Lessee or the Premises to comply with any Applicable Requirements. Likewise, Lessee shall immediately give written notice to Lessor of: (i) any water damage to the
Premises and any suspected seepage, pooling, dampness or other condition conducive to the production of mold; or (ii) any mustiness or other odors that might indicate the presence of mold in the Premises. 

 

	 	6.4	 Inspection; Compliance 

Lessor and Lessor’s “Lender” (as defined in Section 18.1) and consultants shall have the right to enter into Premises at
any time in the case of an emergency, and otherwise at reasonable times after reasonable notice, for the purpose of inspecting the condition of the Premises and for verifying compliance by Lessee with this Lease. The cost of any such inspections
shall be paid by Lessor, unless a violation of Applicable Requirements, or a Hazardous Substance Condition (see Section 10.1), is found to exist or be imminent, or the inspection is requested or ordered by a governmental authority. In such
case, Lessee shall upon request reimburse Lessor for the cost of such inspection, so long as such inspection is reasonably related to the violation or contamination. In addition, Lessee shall provide copies of all relevant material safety data
sheets (MSDS) to Lessor within 10 days of the receipt of written request therefor. 
  

	7.	 TENANT IMPROVEMENTS 

Lessor shall provide Lessee with the Tenant Improvements as shown on Exhibit B attached hereto. Lessee’s obligations with regard to the
improvement of the Premises for its use are also set forth on Exhibit B. 

  
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	8.	 MAINTENANCE; REPAIRS; UTILITY INSTALLATIONS; TRADE FIXTURES AND ALTERATIONS 

 

	 	8.1	 Lessee’s Obligations 

8.1.1 Subject to the provisions of Section 2.2 (Condition), 2.3 (Compliance), Section 2.5 (Lessee as Prior Owner/Occupant) 6.3
(Lessee’s Compliance with Applicable Requirements), 8.2 (Lessor’s Obligations), 10 (Damage or Destruction), and 15 (Condemnation), Lessee shall, at Lessee’s sole expense, keep the Premises, Utility Installations (intended for
Lessee’s exclusive use, no matter where located), and Alterations in good order, condition and repair (whether or not the portion of the Premises requiring repairs, or the means of repairing the same, are reasonably or readily accessible to
Lessee, and whether or not the need for such repairs occurs as a result of Lessee’s use, any prior use, the elements or the age of such portion of the Premises), including, but not limited to, all equipment or facilities, such as plumbing, HVAC
equipment, electrical, lighting facilities, boilers, pressure vessels, fixtures, interior walls, interior surfaces of exterior walls, ceilings, floors, windows, doors, plate glass, and skylights but excluding any items which are the responsibility
of Lessor pursuant to Section 8.2. Lessee, in keeping the Premises in good order, condition and repair, shall exercise and perform good maintenance practices, specifically including the procurement and maintenance of the service contracts
required by Section 8.1.2 below. Lessee’s obligations shall include restorations, replacements or renewals when necessary to keep the Premises and all improvements thereon or a part thereof in good order, condition and state of repair.

 8.1.2 Lessee shall, at Lessee’s sole expense, procure and maintain contracts, with copies to Lessor, in customary form and substance
for, and with contractors specializing and experienced in the maintenance of the following equipment and improvements on the one (1) existing HVAC unit on the roof. Lessee will be installing its own HVAC units for the clean room and will
maintain it as needed. Lessee shall also be responsible for pest control on the premises, including, but not limited to, the treatment of termite or other pest infestations and/or damage caused by termites or other pests no more than once per
quarter. However, if Lessee fails to comply with its maintenance obligations as stated in Section 8.1.1, Lessor reserves the right, upon notice to Lessee, to procure and maintain any or all of such service contracts and Lessee shall reimburse
Lessor, upon demand, for the cost thereof. 
 8.1.3 If Lessee fails to perform Lessee’s obligations under this Section 8.1, Lessor
may enter upon the Premises after 10 days’ prior written notice to Lessee (except in the case of an emergency, in which case no notice shall be required), perform such obligations on Lessee’s behalf, and put the Premises in good order,
condition and repair, and Lessee shall promptly pay to Lessor a sum equal to 115% of the cost thereof. 
 8.1.4 Subject to Lessee’s
indemnification of Lessor as set forth in Section 9.6 below, and without relieving Lessee of liability resulting from Lessee’s failure to exercise and perform good maintenance practices, if an item described in Section 8.1.2 cannot be
repaired other than at a cost which is in excess of 50% of the cost of replacing such item, then such item shall be replaced by Lessor, and the cost thereof shall be prorated between the Parties. 

 

	 	8.2	 Lessor’s Obligations 

Subject to the provisions of Sections 2.2 (Condition), 2.3 (Compliance), 6 (Use), 8.1 (Lessee’s Obligations), 10 (Damage or Destruction)
and 15 (Condemnation), Lessor shall keep in good order, condition and repair the foundations, exterior walls, structural condition of interior 

  
 12 

 
bearing walls, exterior roof, fire sprinkler system, Common Area fire alarm and/or smoke detection systems, fire hydrants, parking lots, walkways, parkways, driveways, landscaping, fences, gates,
signs and utility systems serving the Common Areas and all parts thereof, as well as providing trash service. Lessor shall not be obligated to paint the exterior or interior surfaces of exterior walls nor shall Lessor be obligated to maintain,
repair or replace windows, doors or plate glass of the Premises, except to remove, paint or repair any damage or defacement to exterior windows, doors, walls or glass caused by vandalism or non-natural agents.
Lessee expressly waives the benefit of any statute now or hereafter in effect to the extent it is inconsistent with the terms of this Lease. 
  

	 	8.3	 Utility Installations; Trade Fixtures; Alterations 

8.3.1 The term “Utility Installations” refers to all floor and window coverings, air and/or vacuum lines, power panels, electrical
distribution, security and fire protection systems, communication cabling, lighting fixtures, HVAC equipment, plumbing, and fencing in or on the Premises. The term “Trade Fixtures” shall mean Lessee’s machinery and equipment that can
be removed without doing material damage to the Premises. The term “Alterations” shall mean any modification of the improvements, other than Utility Installations or Trade Fixtures, whether by addition or deletion. “Lessee Owned
Alterations and/or Utility Installations” are defined as Alterations and/or Utility Installations made by Lessee that are not yet owned by Lessor pursuant to Section 8.4.1. 

8.3.2 Lessee shall not make any Alterations or Utility Installations to the Premises without Lessor’s prior written consent. Lessee may,
however, make non-structural Alterations or Utility Installations to the interior of the Premises (excluding the roof, with the exception of HVAC units and systems installed by Lessee), without such consent
but upon notice to Lessor, as long as they are not visible from the outside, do not involve puncturing, relocating or removing the roof or any existing walls, will not affect the electrical, plumbing, HVAC, and/or life safety systems, and the
cumulative cost thereof during this Lease does not exceed a sum equal to three month’s Base Rent in the aggregate or a sum equal to one month’s Base Rent in any one year. Notwithstanding the foregoing, except for the HVAC units and systems
servicing Lessee’s clean room, Lessee shall not make or permit any roof penetrations and/or install anything on the roof without the prior written approval of Lessor which consent shall not be unreasonably withheld. Lessor may, as a
precondition to granting such approval, require Lessee to utilize a contractor chosen and/or approved by Lessor, except for the HVAC units servicing Lessee’s clean room. Any Alterations or Utility Installations that Lessee shall desire to make
and which require the consent of the Lessor shall be presented to Lessor in written form with detailed plans. Consent shall be deemed conditioned upon Lessee’s: (i) acquiring all applicable governmental permits, (ii) furnishing Lessor
with copies of both the permits and the plans and specifications prior to commencement of the work, and (iii) compliance with all conditions of said permits and other Applicable Requirements in a prompt and expeditious manner. Any Alterations
or Utility Installations shall be performed in a workmanlike manner with good and sufficient materials. Lessee shall promptly upon completion furnish Lessor with as-built plans and specifications. For work
which costs an amount in excess of one month’s Base Rent, Lessor may condition its consent upon Lessee providing a lien and completion bond in an amount equal to 150% of the estimated cost of such Alteration or Utility Installation and/or upon
Lessee’s posting an additional Security Deposit with Lessor. 
 8.3.3 Lessee shall pay, when due, all claims for labor or materials
furnished or alleged to have been furnished to or for Lessee at or for use on the Premises, which claims are or may be secured by any mechanic’s or materialmen’s lien against the Premises or any interest therein. Lessee shall give Lessor
not less than 10 days’ notice prior to the commencement of any 

  
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work in, on or about the Premises, and Lessor shall have the right to post notices of non-responsibility. If Lessee shall contest the validity of any such
lien, claim or demand, then Lessee shall, at its sole expense defend and protect itself, Lessor and the Premises against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement thereof. If
Lessor shall require, Lessee shall furnish a surety bond in an amount equal to 150% of the amount of such contested lien, claim or demand, indemnifying Lessor against liability for the same. If Lessor elects to participate in any such action, Lessee
shall pay Lessor’s attorneys’ fees and costs. 
  

	 	8.4	 Ownership: Removal; Surrender; and Restoration 

8.4.1 Subject to Lessor’s right to require removal or elect ownership as hereinafter provided, all Alterations and Utility Installations
made by Lessee shall be the property of Lessee but considered a part of the Premises. Lessor may, at any time, elect in writing to be the owner of all or any specified part of the Lessee Owned Alterations and Utility Installations; provided,
however, that the modular clean room and the permanent electrical generator installed adjacent to the Premises (as shown on Exhibit A) shall remain the property of the Lessee and which the Lessee agrees to remove from the premises upon Lease
termination. Unless otherwise instructed per Section 8.4.2 hereof, all Lessee Owned Alterations and Utility Installations shall, at the expiration or termination of this Lease, become the property of Lessor and be surrendered by Lessee with the
Premises. 
 8.4.2 Lessor, unless otherwise agreed in writing, may require that any or all Lessee Owned Alterations or Utility Installations
be removed by the expiration or termination of this Lease. Lessor may require the removal at any time of all or any part of any Lessee Owned Alterations or Utility Installations made without the required consent. 

8.4.3 Lessee shall surrender the Premises by the Expiration Date or any earlier termination date, with all of the improvements, parts and
surfaces thereof broom clean and free of debris, and in good operating order, condition and state of repair, ordinary wear and tear excepted. “Ordinary wear and tear” shall not include any damage or deterioration that would have been
prevented by good maintenance practice. Lessee shall repair any damage occasioned by the installation, maintenance or removal of Trade Fixtures, Lessee owned Alterations and/or Utility Installations, furnishings, and equipment as well as the removal
of any storage tank installed by or for Lessee, whether such damage is located inside the Premises, on the exterior of the Building or in the Common Areas. Lessee shall also completely remove from the Premises any and all Hazardous Substances
brought onto the Premises by or for Lessee, or any third party (except Hazardous Substances which were deposited via underground migration from areas outside of the Premises) even if such removal would require Lessee to perform or pay for work that
exceeds statutory requirements. Trade Fixtures shall remain the property of Lessee and shall be removed by Lessee. Any personal property of Lessee not removed on or before the Expiration Date or any earlier termination date shall be deemed to have
been abandoned by Lessee and may be disposed of or retained by Lessor as Lessor may desire. The failure by Lessee to timely vacate the Premises pursuant to this Section 8.4.3 without the express written consent of Lessor shall constitute a
holdover under the provisions of Section 20.9 below. 

  
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	9.	 INSURANCE; INDEMNITY 

 

	 	9.1	 Liability Insurance 

9.1.1 Carried by Lessee. Lessee shall obtain and keep in force a Commercial General Liability policy of insurance protecting Lessee and
Lessor, as an additional insured, against claims for bodily injury, personal injury and property damage based upon or arising out of Lessee’s use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall
be on an occurrence basis providing single limit coverage in an amount not less than $2,000,000 per occurrence with an annual aggregate of not less than $2,000,000. Lessee shall add Lessor and Cypress View Properties, Inc., as additional insureds by
means of an endorsement at least as broad as the Insurance Service Organization’s “Additional Insured-Managers or Lessors of Premises” Endorsement. The policy shall not contain any intra-insured exclusions as between insured persons
or organizations but shall include coverage for liability assumed under this Lease as an “insured contract” for the performance of Lessee’s indemnity obligations under this Lease. The limits of said insurance shall not, however, limit
the liability of Lessee nor relieve Lessee of any obligation hereunder. Lessee shall provide an endorsement on its liability policy(ies) that provides that its insurance shall be primary to and not contributory with any similar insurance carried by
Lessor, whose insurance shall be considered excess insurance only. 
 9.1.2 Carried by Lessor. Lessor shall maintain liability
insurance as described in Section 9.1.1, in addition to, and not in lieu of, the insurance required to be maintained by Lessee, against claims for bodily injury, personal injury and property damage based on or arising out of Lessor’s
ownership or maintenance obligations related to the Premises. Lessee shall not be named as an additional insured therein. 
 9.1.3
Carried by Lessee’s Contractors. Unless otherwise agreed to in writing by Lessor, if Lessee, with Lessor’s written approval, engages a contractor (“Contractor”) to perform work on the Premises, whether such work is a
Tenant Improvement, Trade Fixture, Alteration or otherwise, the Contractor shall procure and maintain for the duration of the contract, insurance against claims for injuries to persons or damages to the Premises which may arise from or in connection
with the performance of the work hereunder by the Contractor, his agents, representatives, employees, or subcontractors. Such insurance shall include Builder’s Risk (Course of Construction) insurance utilizing an “All Risk” (Special
Perils) coverage form, with limits equal to the completed value of the project and no coinsurance penalty provisions. The Lessor shall be named as Loss Payee for the Builder’s Risk insurance. 

 

	 	9.2	 Property Insurance—Building, Improvements and Rental Value 

9.2.1 Lessor shall obtain and keep in force a policy or policies of insurance in the name of Lessor, with loss payable to Lessor, any
ground-lessor, and to any Lender insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of the Premises, as the same shall exist from time to time, or the amount required by any
Lender, but in no event more than the commercially reasonable and available insurable value thereof. If the coverage is available and commercially appropriate, such policy or policies shall insure against all types of direct physical loss or damage
(except the perils of flood and/or earthquake unless required by a Lender), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of
the Premises as the result of a covered loss. Said policy or policies shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver 

  
 15 

 
of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer
Price Index for All Urban Consumers for the city nearest to where the Premises are located. Lessee Owned Alterations and Utility Installations, Trade Fixtures, and Lessee’s personal property shall be insured by Lessee not by Lessor unless the
item in question has become the property of Lessor under the terms of this Lease. 
 9.2.2 Lessor shall also obtain and keep in force a
policy or policies in the name of Lessor with loss payable to Lessor and any Lender, insuring the loss of the full Rent for one year (“Rental Value Insurance”). Said insurance shall contain an agreed valuation provision in lieu of any
coinsurance clause, and the amount of coverage shall be adjusted annually to reflect the projected Rent otherwise payable by Lessee, for the next 12-month period. 

9.2.3 Lessee shall pay for any increase in the premiums for the property insurance of the Unit, and for the Common Areas or other buildings in
the Project if said increase is caused by Lessee’s acts, omissions, use or occupancy of the Premises. 
  

	 	9.3	 Lessee’s Property: Business Interruption Insurance: Worker’s
Compensation Insurance: Pollution Liability Insurance  

 9.3.1 Lessee shall obtain and maintain insurance
coverage on all of Lessee’s personal property, Trade Fixtures, and Lessee Owned Alterations and Utility Installations. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $2,500 per occurrence. The proceeds
from any such insurance shall be used by Lessee for the replacement of personal property, Trade Fixtures and Lessee Owned Alterations and Utility Installations. 

9.3.2 Lessee shall obtain and maintain loss of income and extra expense insurance in amounts as will reimburse Lessee for direct or indirect
loss of earnings attributable to all perils commonly insured against by prudent lessees in the business of Lessee or attributable to prevention of access to the Premises as a result of such perils. 

9.3.3 Lessee shall obtain and maintain Worker’s Compensation Insurance in such amount as may be required by Applicable Requirements. Such
policy shall include a ‘Waiver of Subrogation’ endorsement. Lessee shall provide Lessor with a copy of such endorsement along with the certificate of insurance or copy of the policy required by Section 9.4. 

9.3.4 Lessee shall obtain and maintain Pollution Liability Insurance in an amount not less than $1,000,000 per occurrence with an annual
aggregate of not less than $1,000,000 to cover all costs, including (without limitation) legal expenses, associated with the investigation and remediation of, or a claim for bodily injury (including death) or third-party property damage (including
claims for natural resources damages and the assessment of such damages) arising from Lessee’s direct or indirect use of Hazardous Substances, as such term is defined at Section 6.2.1 above. The Pollution Liability Insurance policy shall
have a minimum term coterminous with this Lease and name Lessor as an additional insured. Lessee shall not cancel or cause the Pollution Liability Insurance Policy to be terminated at any time after the Commencement Date. 

9.3.5 Lessor makes no representation that the limits or forms of coverage of insurance specified herein are adequate to cover Lessee’s
property, business operations or obligations under this Lease. 

  
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	 	9.4	 Insurance Policies 

Insurance required herein shall be by companies maintaining during the policy term a “General Policyholders Rating” of at least A-, VII, as set forth in the most current issue of “Best’s Insurance Guide”, or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates
the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates with copies of the required endorsements evidencing the existence and amounts of the required
insurance. No such policy shall be cancelable or subject to modification except after 30 days prior written notice to Lessor. Lessee shall, within 30 days prior to the expiration of such policies, furnish Lessor with evidence of renewals or
“insurance binders” evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one
year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the
same. 
  

	 	9.5	 Waiver of Subrogation 

Without affecting any other rights or remedies, Lessee and Lessor each hereby release and relieve the other and waive their entire right to
recover damages against the other, for loss of or damage to its property arising out of or incident to the perils required to be insured against herein. The effect of such releases and waivers is not limited by the amount of insurance carried or
required, or by any deductibles applicable hereto. The Parties agree to have their respective property damage insurance carriers waive any right to subrogation in the relevant insurance policy(ies) that such companies may have against Lessor or
Lessee, as the case may be, so long as the insurance is not invalidated thereby. 
  

	 	9.6	 Indemnity 

Except for Lessor’s gross negligence or willful misconduct, Lessee shall indemnify, protect, defend and hold harmless the Premises, Lessor
and its agents, Lessor’s master or ground lessor, partners and Lenders, from and against any and all claims, loss of rents and/or damages, liens, judgments, penalties, attorneys’ and consultants’ fees, expenses and/or liabilities
arising out of, the use and/or occupancy of the Premises by Lessee. If any action or proceeding is brought against Lessor by reason of any of the foregoing matters, Lessee shall upon notice defend the same at Lessee’s expense by counsel
reasonably satisfactory to Lessor and Lessor shall cooperate with Lessee in such defense. Lessor need not have first paid any such claim in order to be defended or indemnified. 

Except for Lessee’s negligence or misconduct, Lessor shall indemnify, protect, defend and hold harmless Lessee and its agents, partners
and Lenders, from and against any claims, liabilities or losses arising out of Lessor’s ownership or maintenance activities in regard to the premises, parking area, gate or surrounding property not subject to the control or exclusive use of
Lessee. If any action or proceeding is brought against Lessee by reason of any of the foregoing matters, Lessor shall upon notice defend that same at Lessor’s expense by counsel reasonably satisfactory to Lessee, and Lessee shall cooperate with
Lessor in such defense. Lessee need not have first paid any such claim in order to be indemnified or defended. 

  
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	 	9.7	 Exemption of Lessor and its Agents from Liability 

Notwithstanding the negligence or breach of this Lease by Lessor or its agents, neither Lessor nor its agents shall be liable under any
circumstances for: (i) injury or damage to the person or goods, wares, merchandise or other property of Lessee, Lessee’s employees, contractors, invitees, customers, or any other person in or about the Premises, whether such damage or
injury is caused by or results from fire, steam, electricity, gas, water or rain, indoor air quality, the presence of mold or from the breakage, leakage, obstruction or other defects of pipes, fire sprinklers, wires, appliances, plumbing, HVAC or
lighting fixtures, or from any other cause, whether the said injury or damage results from conditions arising upon the Premises or upon other portions of the Project, or from other sources or places, (ii) any damages arising from any act or
neglect of any other tenant of Lessor or from the failure of Lessor or its agents to enforce the provisions of any other lease in the Project, or (iii) injury to Lessee’s business or for any loss of income or profit therefrom. Instead, it
is intended that Lessee’s sole recourse in the event of such damages or injury be to file a claim on the insurance policy(ies) that Lessee is required to maintain pursuant to the provisions of Section 9. 

 

	 	9.8	 Failure to Provide Insurance 

Lessee acknowledges that any failure on its part to obtain or maintain the insurance required herein will expose Lessor to risks and
potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain. Accordingly, for any month or portion thereof that Lessee does not maintain the required insurance and/or does not
provide Lessor with the required binders or certificates evidencing the existence of the required insurance, the Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an amount equal to 15% of the then existing
Base Rent or $200, whichever is greater. The parties agree that such increase in Base Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of Lessee’s failure to maintain the required
insurance. Such increase in Base Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to the failure to maintain such insurance, prevent the exercise of any of the other rights and remedies granted hereunder,
nor relieve Lessee of its obligation to maintain the insurance specified in this Lease. 
  

	10.	 DAMAGE OR DESTRUCTION 

 

	 	10.1	 Definitions 

10.1.1 “Premises Partial Damage” shall mean damage or destruction to the improvements on the Premises, other than Lessee Owned
Alterations and Utility Installations, which can reasonably be repaired in three months or less from the date of the damage or destruction, and the cost thereof does not exceed a sum equal to six month’s Base Rent. Lessor shall notify Lessee in
writing within 30 days from the date of the damage or destruction as to whether or not the damage is Partial or Total. 
 10.1.2
“Premises Total Destruction” shall mean damage or destruction to the improvements on the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which cannot reasonably be repaired in three months or
less from the date of the damage or destruction and/or the cost thereof exceeds a sum equal to six month’s Base Rent. Lessor shall notify Lessee in writing within 30 days from the date of the damage or destruction as to whether or not the
damage is Partial or Total. 

  
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 10.1.3 “Insured Loss” shall mean damage or destruction to improvements on the
Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Section 9.2.1, irrespective of any deductible amounts or coverage
limits involved. 
 10.1.4 “Replacement Cost” shall mean the cost to repair or rebuild the improvements owned by Lessor at the
time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation. 

10.1.5 “Hazardous Substance Condition” shall mean the occurrence or discovery of a condition involving the presence of, or a
contamination by, a Hazardous Substance, in, on, or under the Premises which requires restoration. 
  

	 	10.2	 Partial Damage—Insured Loss 

If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor’s expense, repair such damage (but not
Lessee’s Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect; provided, however, that Lessee shall, at Lessor’s election, make the
repair of any damage or destruction the total cost to repair of which is $10,000 or less, and, in such event, Lessor shall make any applicable insurance proceeds available to Lessee on a reasonable basis for that purpose. Notwithstanding the
foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to affect such repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs. In the
event, however, such shortage was due to the fact that, by reason of the unique nature of the improvements, full replacement cost insurance coverage was not commercially reasonable and available, Lessor shall have no obligation to pay for the
shortage in insurance proceeds or to fully restore the unique aspects of the Premises unless Lessee provides Lessor with the funds to cover same, or adequate assurance thereof, within 10 days following receipt of written notice of such shortage and
request therefor. If Lessor receives said funds or adequate assurance thereof within said 10-day period, the party responsible for making the repairs shall complete them as soon as reasonably possible and this
Lease shall remain in full force and effect. If such funds or assurance are not received, Lessor may nevertheless elect by written notice to Lessee within 10 days thereafter to: (i) make such restoration and repair as is commercially reasonable
with Lessor paying any shortage in proceeds, in which case this Lease shall remain in full force and effect, or (ii) have this Lease terminate 30 days thereafter. Lessee shall not be entitled to reimbursement of any funds contributed by Lessee
to repair any such damage or destruction. Premises Partial Damage due to flood or earthquake shall be subject to Section 10.3, notwithstanding that there may be some insurance coverage, but the net proceeds of any such insurance shall be made
available for the repairs if made by either Party. 
  

	 	10.3	 Partial Damage—Uninsured Loss 

If a Premises Partial Damage that is not an Insured Loss occurs, unless caused by a negligent or willful act of Lessee (in which event Lessee
shall make the repairs at Lessee’s expense), Lessor will repair such damage as soon as reasonably possible at Lessor’s expense, in which event this Lease shall continue in full force and effect. Such termination shall be effective 60 days
following the date of such notice. In the event Lessor elects to terminate this Lease, Lessee shall have the right within 10 days after receipt of the termination notice to give written notice to Lessor of Lessee’s commitment to pay for the
repair of such damage without 

  
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reimbursement from Lessor. Lessee shall provide Lessor with said funds or satisfactory assurance thereof within 30 days after making such commitment. In such event this Lease shall continue in
full force and effect, and Lessor shall proceed to make such repairs as soon as reasonably possible after the required funds are available. If Lessee does not make the required commitment, this Lease shall terminate as of the date specified in the
termination notice. 
  

	 	10.4	 Total Destruction 

Notwithstanding any other provision hereof, if a Premises Total Destruction occurs, this Lease shall terminate 60 days following such
Destruction. If the damage or destruction was caused by the gross negligence or willful misconduct of Lessee, Lessor shall have the right to recover Lessor’s damages from Lessee, except as limited by Sections 9.6 and 9.7. 

 

	 	10.5	 Damage Near End of Term 

10.5.1 Except as otherwise indicated below and as set forth in Section 8.2 above, if at any time during the last six months of this Lease
there is damage for which the cost to repair exceeds one month’s Base Rent, whether or not an Insured Loss, Lessor may terminate this Lease effective 60 days following the date of occurrence of such damage by giving a written termination notice
to Lessee within 30 days after the date of occurrence of such damage. Notwithstanding the foregoing, if Lessee at that time has an exercisable option to extend this Lease or to purchase the Premises, then Lessee may preserve this Lease by,
(a) exercising such option and (b) providing Lessor with any shortage in insurance proceeds (or adequate assurance thereof) needed to make the repairs on or before the earlier of (i) the date which is 10 days after Lessee’s
receipt of Lessor’s written notice purporting to terminate this Lease, or (ii) the day prior to the date upon which such option expires. If Lessee duly exercises such option during such period and provides Lessor with funds (or adequate
assurance thereof) to cover any shortage in insurance proceeds, Lessor shall, at Lessor’s commercially reasonable expense, repair such damage as soon as reasonably possible and this Lease shall continue in full force and effect. If Lessee fails
to exercise such option and provide such funds or assurance during such period, then this Lease shall terminate on the date specified in the termination notice and Lessee’s option shall be extinguished. 

10.5.2 Provided, however, that the HVAC units that are installed by Lessee to service its clean room, and the clean room itself, shall not be
subject to the foregoing provisions. Instead, Lessee shall have discretion as to whether to expend Lessee’s own funds to repair or replace such items in the event of damage described in Section 10.5.1 above, and Lessor shall have no
responsibility therefor. 
  

	 	10.6	 Abatement of Rent; Lessee’s Remedies 

10.6.1 In the event of Premises Partial Damage or Premises Total Destruction or a Hazardous Substance Condition for which Lessee is not
responsible under this Lease, the Rent payable by Lessee for the period required for the repair, remediation or restoration of such damage shall be abated in proportion to the degree to which Lessee’s use of the Premises is impaired, but not to
exceed the proceeds received from the Rental Value Insurance. All other obligations of Lessee hereunder shall be performed by Lessee, and Lessor shall have no liability for any such damage, destruction, remediation, repair or restoration except as
provided herein. 
 10.6.2 If Lessor is obligated to repair or restore the Premises and does not commence, in a substantial and meaningful
way, such repair or restoration within 90 days after 

  
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such obligation shall accrue, Lessee may, at any time prior to the commencement of such repair or restoration, give written notice to Lessor and to any Lenders of which Lessee has actual notice,
of Lessee’s election to terminate this Lease on a date not less than 60 days following the giving of such notice. If Lessee gives such notice and such repair or restoration is not commenced within 30 days thereafter, this Lease shall terminate
as of the date specified in said notice. If the repair or restoration is commenced within such 30 days, this Lease shall continue in full force and effect. “Commence” shall mean either the unconditional authorization of the preparation of
the required plans, or the beginning of the actual work on the Premises, whichever first occurs. 
  

	 	10.7	 Termination; Advance Payments 

Upon termination of this Lease pursuant to Section 6.2.7 or Section 10, an equitable adjustment shall be made concerning advance Base
Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee’s Security Deposit as has not been, or is not then required to be, used by Lessor. 

 

	11.	 REAL PROPERTY TAXES 

 

	 	11.1	 Definitions 

11.1.1 “Real Property Taxes.” As used herein, the term “Real Property Taxes” shall include any form of assessment;
real estate, general, special, ordinary or extraordinary, or rental levy or tax (other than inheritance, personal income or estate taxes); improvement bond; and/or license fee imposed upon or levied against any legal or equitable interest of Lessor
in the Project, Lessor’s right to other income therefrom, and/or Lessor’s business of leasing, by any authority having the direct or indirect power to tax and where the funds are generated with reference to the Project address and where
the proceeds so generated are to be applied by the city, county or other local taxing authority of a jurisdiction within which the Project is located. The term “Real Property Taxes” shall also include any tax, fee, levy, assessment or
charge, or any increase therein: (i) imposed by reason of events occurring during the term of this Lease, including but not limited to, a change in the ownership of the Project, (ii) a change in the improvements thereon, and/or
(iii) levied or assessed on machinery or equipment provided by Lessor to Lessee pursuant to this Lease. In calculating Real Property Taxes for any calendar year, the Real Property Taxes for any real property tax year shall be included in the
calculation of Real Property Taxes for such calendar year based upon the number of days which such calendar year and tax year have in common. 
  

	 	11.2	 Additional Improvements 

Lessee shall, within 10 days after receipt of a written statement setting forth the taxes applicable to Lessee’s property, pay to Lessor
the entirety of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the Premises by Lessee or at Lessee’s request or by reason of any alterations or improvements
to the Premises made by Lessor subsequent to the execution of this Lease by the Parties. 
  

	 	11.3	 Personal Property Taxes 

Lessee shall pay prior to delinquency all taxes assessed against and levied upon Lessee Owned Alterations and Utility Installations, Trade
Fixtures, furnishings, equipment and all personal property of Lessee contained in the Premises. When possible, Lessee shall cause its Lessee Owned Alterations and Utility Installations, Trade Fixtures, furnishings, equipment and all

  
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other personal property to be assessed and billed separately from the real property of Lessor. If any of Lessee’s said property shall be assessed with Lessor’s real property, Lessee
shall pay Lessor the taxes attributable to Lessee’s property within 10 days after receipt of a written statement setting forth the taxes applicable to Lessee’s property. 

 

	12.	 UTILITIES AND SERVICES 

Lessee shall pay for all water, gas, heat, light, power, telephone and other utilities and services supplied to the Premises, together with any
taxes thereon. There shall be no abatement of Rent and Lessor shall not be liable in any respect whatsoever for the inadequacy, stoppage, interruption or discontinuance of any utility or service due to riot, strike, labor dispute, breakdown,
accident, repair or other cause beyond Lessor’s reasonable control or in cooperation with governmental request or directions. 
  

	13.	 ASSIGNMENT AND SUBLETTING 

 

	 	13.1	 Lessor’s Consent Required 

13.1.1 Other than with respect to the successor of substantially the entire business to which this Agreement relates, including, but not
limited to, a reverse merger, Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or encumber (collectively, “assign or assignment”) or sublet all or any part of Lessee’s interest in this Lease or in the
Premises without Lessor’s prior written consent, which consent shall not be unreasonably withheld. Reasonable withholding of consent would generally be limited to a change in ownership or structure of Lessee’s business that puts future
lease payments or compliance with other lease obligations at increased risk. 
 13.1.2 Unless Lessee is a corporation and its stock is
publicly traded on a national stock exchange, a change in the control of Lessee shall constitute an assignment requiring consent. The transfer, on a cumulative basis, of 25% or more of the voting control of Lessee shall constitute a change in
control for this purpose. 
 13.1.3 An assignment or subletting without consent shall, at Lessor’s option, be a Default curable after
notice per Section 14.4, or a noncurable Breach without the necessity of any notice and grace period. If Lessor elects to treat such unapproved assignment or subletting as a noncurable Breach, Lessor may either: (i) terminate this Lease,
or (ii) upon 30 days written notice, increase the monthly Base Rent to 110% of the Base Rent then in effect. Further, in the event of such Breach and rental adjustment, (i) the purchase price of any option to purchase the Premises held by
Lessee shall be subject to similar adjustment to 110% of the price previously in effect, and (ii) all fixed and non-fixed rental adjustments scheduled during the remainder of the Lease term shall be
increased to 110% of the scheduled adjusted rent. 
 13.1.4 Lessee’s remedy for any breach of Section 13.1 by Lessor shall be
limited to compensatory damages and/or injunctive relief. 
 13.1.5 Lessor may reasonably withhold consent to a proposed assignment or
subletting if Lessee is in Default at the time consent is requested. 
 13.1.6 Notwithstanding the foregoing, allowing a de minimis portion
of the Premises, i.e., 20 square feet or less, to be used by a third-party vendor in connection with the installation of a vending machine or payphone shall not constitute a subletting. 

  
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	 	13.2	 Terms and Conditions Applicable to Assignment and Subletting 

13.2.1 Regardless of Lessor’s consent, no assignment or subletting shall: (i) be effective without the express written assumption by
such assignee or sublessee of the obligations of Lessee under this Lease, (ii) release Lessee of any obligations hereunder, or (iii) alter the primary liability of Lessee for the payment of Rent or for the performance of any other
obligations to be performed by Lessee. 
 13.2.2 Lessor may accept Rent or performance of Lessee’s obligations from any person other
than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of Rent or performance shall constitute a waiver or estoppel of Lessor’s right to exercise its
remedies for Lessee’s Default or Breach. 
 13.2.3 Lessor’s consent to any assignment or subletting shall not constitute a consent
to any subsequent assignment or subletting. 
 13.2.4 In the event of any Default or Breach by Lessee, Lessor may proceed directly against
Lessee, any Guarantors or anyone else responsible for the performance of Lessee’s obligations under this Lease, including any assignee or sublessee, without first exhausting Lessor’s remedies against any other person or entity responsible
therefor to Lessor, or any security held by Lessor. 
 13.2.5 Each request for consent to an assignment or subletting shall be in writing,
accompanied by information relevant to Lessor’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited to the intended use and/or required
modification of the Premises, if any, together with a fee of $500 as consideration for Lessor’s considering and processing said request. Lessee agrees to provide Lessor with such other or additional information and/or documentation as may be
reasonably requested. (See also Section 20.18) 
 13.2.6 Any assignee of, or sublessee under, this Lease shall, by reason of accepting
such assignment, entering into such sublease, or entering into possession of the Premises or any portion thereof, be deemed to have assumed and agreed to conform and comply with each and every term, covenant, condition and obligation herein to be
observed or performed by Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Lessor has specifically consented to in writing.

 13.2.7 Lessor’s consent to any assignment or subletting shall not transfer to the assignee or sublessee any Option granted to the
original Lessee by this Lease unless such transfer is specifically consented to by Lessor in writing. (See Section 19.1.) 
 13.2.8 If
Lessee assigns and/or sublets any portion(s) of its interest in this Lease or in the Premises with Lessor’s consent, any consideration received by Lessee for said assignment and/or subletting, after deducting any real estate broker’s
commissions incurred solely for the purpose of and in connection with the assignment or subletting, shall be divided equally with Lessor to the extent it exceeds the consideration due Lessor from Lessee under this Lease (“Net Rent
Premium”). The amount due Lessor shall be paid to Lessor within ten (10) days after its receipt by Lessee. Lessee shall act as Lessor’s agent in collecting such amounts from any such assignee or sublessee. 

  
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	 	13.3	 Additional Terms and Conditions Applicable to Subletting 

The following terms and conditions shall apply to any subletting by Lessee of all or any part of the Premises and shall be deemed included in
all subleases under this Lease whether or not expressly incorporated therein: 
 13.3.1 Lessee hereby assigns and transfers to Lessor all of
Lessee’s interest in all Rent payable on any sublease, and Lessor may collect such Rent and apply same toward Lessee’s obligations under this Lease; provided, however, that until a Breach shall occur in the performance of Lessee’s
obligations, Lessee may collect said Rent. In the event that the amount collected by Lessor exceeds Lessee’s then outstanding obligations any such excess shall be refunded to Lessee. Lessor shall not, by reason of the foregoing or any
assignment of such sublease, nor by reason of the collection of Rent, be deemed liable to the sublessee for any failure of Lessee to perform and comply with any of Lessee’s obligations to such sublessee. Lessee hereby irrevocably authorizes and
directs any such sublessee, upon receipt of a written notice from Lessor stating that a Breach exists in the performance of Lessee’s obligations under this Lease, to pay to Lessor all Rent due and to become due under the sublease. Sublessee
shall rely upon any such notice from Lessor and shall pay all Rents to Lessor without any obligation or right to inquire as to whether such Breach exists, notwithstanding any claim from Lessee to the contrary. 

13.3.2 In the event of a Breach by Lessee, Lessor may, at its option, require sublessee to attorn to Lessor, in which event Lessor shall
undertake the obligations of the sublessor under such sublease from the time of the exercise of said option to the expiration of such sublease; provided, however, Lessor shall not be liable for any prepaid rents or security deposit paid by such
sublessee to such sublessor or for any prior Defaults or Breaches of such sublessor. 
 13.3.3 Any matter requiring the consent of the
sublessor under a sublease shall also require the consent of Lessor. 
 13.3.4 No sublessee shall further assign or sublet all or any part
of the Premises without Lessor’s prior written consent. 
 13.3.5 Lessor shall deliver a copy of any notice of Default or Breach by
Lessee to the sublessee, who shall have the right to cure the Default of Lessee within the grace period, if any, specified in such notice. The sublessee shall have a right of reimbursement and offset from and against Lessee for any such Defaults
cured by the sublessee. 
  

	14.	 DEFAULT; BREACH; REMEDIES 

 

	 	14.1	 Default; Breach  

A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms, covenants, conditions or Rules and
Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period: 

14.1.1 The abandonment of the Premises; or the vacating of the Premises without providing a commercially reasonable level of security, or where
the coverage of the property 

  
 24 

 
insurance described in Section 9.2 is jeopardized as a result thereof, or without providing reasonable assurances to minimize potential vandalism. 

14.1.2 The failure of Lessee to make any payment of Rent or any Security Deposit required to be made by Lessee hereunder, whether to Lessor or
to a third party, when due; or the failure of Lessee to provide reasonable evidence of insurance or surety bond, or to fulfill any obligation under this Lease which endangers or threatens life or property, where such failure continues for a period
of three business days following written notice to Lessee. THE ACCEPTANCE BY LESSOR OF A PARTIAL PAYMENT OF RENT OR SECURITY DEPOSIT SHALL NOT CONSTITUTE A WAIVER OF ANY OF LESSOR’S RIGHTS, INCLUDING LESSOR’S RIGHT TO RECOVER POSSESSION OF
THE PREMISES. 
 14.1.3 The failure of Lessee to allow Lessor and/or its agents access to the Premises or the commission of waste, an act or
acts constituting public or private nuisance, and/or an illegal activity on the Premises by Lessee, where such actions continue for a period of three business days following written notice to Lessee. 

14.1.4 The failure by Lessee to provide (i) reasonable written evidence of compliance with Applicable Requirements, (ii) the service
contracts, (iii) the rescission of an unauthorized assignment or subletting, (iv) an Estoppel Certificate or financial statements, (v) a requested subordination, (vi) evidence concerning any guaranty and/or Guarantor,
(vii) any document requested under Section 20.21, (viii) material data safety sheets (MSDS), or (ix) any other documentation or information which Lessor may reasonably require of Lessee under the terms of this Lease, where any such
failure continues for a period of 10 days following written notice to Lessee. 
 14.1.5 A Default by Lessee as to the terms, covenants,
conditions or provisions of this Lease, or of the rules adopted under Section 2.9 hereof, other than those described in Sections 14.1.1, 14.1.2, 14.1.3 or 14.1.4, above, where such Default continues for a period of 30 days after written notice;
provided, however, that if the nature of Lessee’s Default is such that more than 30 days are reasonably required for its cure, then it shall not be deemed to be a Breach if Lessee commences such cure within said 30 day period and thereafter
diligently prosecutes such cure to completion. 
 14.1.6 The occurrence of any of the following events: (i) the making of any general
arrangement or assignment for the benefit of creditors; (ii) becoming a “debtor” as defined in 11 U.S.C. § 101 or any successor statute thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within
60 days); (iii) the appointment of a trustee or receiver to take possession of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where possession is not restored to Lessee within 30 days;
or (iv) the attachment, execution or other judicial seizure of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where such seizure is not discharged within 30 days; provided, however,
in the event that any provision of this subsection is contrary to any applicable law, such provision shall be of no force or effect, and not affect the validity of the remaining provisions. 

14.1.7 The discovery that any financial statement of Lessee given to Lessor was materially false. 

  
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	 	14.2	 Remedies 

If Lessee fails to perform any of its affirmative duties or obligations, within 10 days after written notice (or in case of an emergency,
without notice), Lessor may, at its option, perform such duty or obligation on Lessee’s behalf, including but not limited to the obtaining of reasonably required bonds, insurance policies, or governmental licenses, permits or approvals. Lessee
shall pay to Lessor an amount equal to 115% of the costs and expenses incurred by Lessor in such performance upon receipt of an invoice therefor. In the event of a Breach, Lessor may, with or without further notice or demand, and without limiting
Lessor in the exercise of any right or remedy which Lessor may have by reason of such Breach: 
 14.2.1 Terminate Lessee’s right to
possession of the Premises by any lawful means, in which case this Lease shall terminate, and Lessee shall immediately surrender possession to Lessor. In such event Lessor shall be entitled to recover from Lessee: (i) the unpaid Rent which had
been earned at the time of termination; (ii) the worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that the Lessee
proves could have been reasonably avoided; (iii) the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that the Lessee proves could be
reasonably avoided; and (iv) any other amount necessary to compensate Lessor for all the detriment proximately caused by the Lessee’s failure to perform its obligations under this Lease or which in the ordinary course of things would be
likely to result therefrom, including but not limited to the cost of recovering possession of the Premises, expenses of reletting, including necessary renovation and alteration of the Premises, reasonable attorneys’ fees, and that portion of
any leasing commission paid by Lessor in connection with this Lease applicable to the unexpired term of this Lease. The worth at the time of award of the amount referred to in provision (iii) of the immediately preceding sentence shall be
computed by discounting such amount at the discount rate of the Federal Reserve Bank of the District within which the Premises are located at the time of award plus one percent. Efforts by Lessor to mitigate damages caused by Lessee’s Breach of
this Lease shall not waive Lessor’s right to recover any damages to which Lessor is otherwise entitled. If termination of this Lease is obtained through the provisional remedy of unlawful detainer, Lessor shall have the right to recover in such
proceeding any unpaid Rent and damages as are recoverable therein, or Lessor may reserve the right to recover all or any part thereof in a separate suit. If a notice and grace period required under Section 14.1 was not previously given, a
notice to pay rent or quit, or to perform or quit given to Lessee under the unlawful detainer statute shall also constitute the notice required by Section 14.1. In such case, the applicable grace period required by Section 14.1 and the
unlawful detainer statute shall run concurrently, and the failure of Lessee to cure the Default within the greater of the two such grace periods shall constitute both an unlawful detainer and a Breach of this Lease entitling Lessor to the remedies
provided for in this Lease and/or by said statute. 
 14.2.2 Continue the Lease and Lessee’s right to possession and recover the Rent
as it becomes due, in which event Lessee may sublet or assign, subject only to reasonable limitations. Acts of maintenance, efforts to relet, and/or the appointment of a receiver to protect the Lessor’s interests, shall not constitute a
termination of the Lessee’s right to possession. 
 14.2.3 Pursue any other remedy now or hereafter available under the laws or
judicial decisions of the state wherein the Premises are located. The expiration or termination of this Lease and/or the termination of Lessee’s right to possession shall not relieve Lessee from liability under any indemnity provisions of this
Lease as to matters occurring or accruing during the term hereof or by reason of Lessee’s occupancy of the Premises. 

  
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 14.3 Inducement Recapture 

Any agreement for free or abated rent or other charges, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus,
inducement or consideration for Lessee’s entering into this Lease, all of which concessions are hereinafter referred to as “Inducement Provisions”, shall be deemed conditioned upon Lessee’s full and faithful performance of all of
the terms, covenants and conditions of this Lease. Upon Breach of this Lease by Lessee, any such Inducement Provision shall automatically be deemed deleted from this Lease and of no further force or effect, and any rent, other charge, bonus,
inducement or consideration theretofore abated, given or paid by Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by Lessee. The acceptance by
Lessor of rent or the cure of the Breach which initiated the operation of this section shall not be deemed a waiver by Lessor of the provisions of this section unless specifically so stated in writing by Lessor at the time of such acceptance. 

14.4 Late Charges 
 Lessee
hereby acknowledges that late payment by Lessee of Rent will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and
accounting charges, and late charges which may be imposed upon Lessor by any Lender. Accordingly, if any Rent shall not be received by Lessor within five days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee
shall immediately pay to Lessor a one-time late charge equal to 10% of each such overdue amount or $100, whichever is greater. The parties hereby agree that such late charge represents a fair and reasonable
estimate of the costs Lessor will incur by reason of such late payment. Acceptance of such late charge by Lessor shall in no event constitute a waiver of Lessee’s Default or Breach with respect to such overdue amount, nor prevent the exercise
of any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder, whether or not collected, for three consecutive installments of Base Rent, then notwithstanding any provision of this Lease to the
contrary, Base Rent shall, at Lessor’s option, become due and payable quarterly in advance. 
  

	 	14.5	 Interest 

Any monetary payment due Lessor hereunder, other than late charges, not received by Lessor when due shall bear interest from the 31st day after
it was due. The interest (“Interest”) charged shall be computed at the rate of 10% per annum but shall not exceed the maximum rate allowed by law. Interest is payable in addition to the potential late charge provided for in
Section 14.4. 
  

	 	14.6	 Breach by Lessor 

14.6.1 Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time to perform an obligation required to be
performed by Lessor. For purposes of this Section, a reasonable time shall in no event be less than 30 days after receipt by Lessor, and any Lender whose name and address shall have been furnished to Lessee in writing for such purpose, of written
notice specifying wherein such obligation of Lessor has not been performed; provided, however, that if the nature of Lessor’s obligation is such that more than 30 days are reasonably required for its performance, then Lessor shall not be in
breach if performance is commenced within such 30 day period and thereafter diligently pursued to completion. 

  
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 14.6.2 In the event that neither Lessor nor Lender cures said breach within 30 days after
receipt of said notice, or if having commenced said cure they do not diligently pursue it to completion, then Lessee may elect to cure said breach at Lessee’s expense and offset from Rent the actual and reasonable cost to perform such cure,
provided however, that such offset shall not exceed an amount equal to the greater of one month’s Base Rent or the Security Deposit, reserving Lessee’s right to reimbursement from Lessor for any such expense in excess of such offset.
Lessee shall document the cost of said cure and supply said documentation to Lessor. 
  

	15.	 CONDEMNATION 

  

	 	15.1	 Effect on Lease 

If all of the Premises, is taken under the power of eminent domain or sold under the threat of the exercise of said power
(“Condemnation”), this Lease shall terminate as of the date the condemning authority takes title or possession, whichever first occurs. If title to a portion of the Premises or the land on which the Premises are located is taken by
Condemnation, and the remainder will not, in Lessor’s reasonable judgment, be suitable for Lessee’s continued use for the purposes permitted by this Lease, this Lease shall terminate as of the date the condemning authority takes title or
possession, whichever first occurs, provided that Lessor gives written notice of such termination to Lessee no later than thirty (30) days after the date of such taking. If title to a portion of the Premises or the land on which the Premises
are located is taken by Condemnation, and the remainder will, in Lessor’s reasonable judgment, be suitable for Lessee’s continued use for the purposes permitted by this Lease, then Lessor shall repair the damage caused by the partial
taking, if any, and this Lease shall not terminate and shall remain in full force and effect as to the portion of the Premises remaining, except that the Base Rent payable hereunder shall be reduced in proportion to the reduction in utility of the
Premises caused by such Condemnation. Lessee acknowledges and agrees that a change in access to the land on which the Premises are located or minor adjustments to parking, shall not constitute a taking and shall not entitle Lessee to any reduction
in Base Rent. 
  

	 	15.2	 Allocation of Condemnation Award 

No award for any partial or total taking shall be apportioned. Lessee hereby assigns to Lessor its interest, if any, in any award which may be
made as a result of any Condemnation, without regard to whether this Lease is terminated, except for any separate award made to Lessee for Lessee’s moving costs or loss of Lessee’s business goodwill. Any condemnation award(s) and/or
payment(s) for the taking or damaging of all or any portion of the Premises under the power of eminent domain, or any payment made under threat of the exercise of such power, shall be the sole and exclusive property of Lessor, whether such award
shall be made as compensation for the taking of all or any portion of the Premises or any portion of the land on which the Premises are located, diminution in value of the leasehold (including without limitation any “bonus value” of the
Lease), the value of the part taken, or for severance damages; provided, however, that Lessee shall be entitled to compensation separately awarded to it, if any, for Lessee’s relocation expenses and/or loss of business goodwill. All
“improvements pertaining to the realty” as defined in the Eminent Domain Law (Code of Civil Procedure sections 1230.10 et seq.), which Lessee specifically acknowledges and agrees shall include without limitation Alterations and Utility
Installations made to the Premises by Lessee, and all fixtures that cannot be removed without doing material damage to the Premises, shall, for purposes of Condemnation, be considered the property of the Lessor and Lessor shall be entitled to any
and all compensation which is payable therefor. 

  
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	16.	 CONFIDENTIAL INFORMATION, INDEMNITIES OF RELATIONSHIPS 

16.1 Confidential Information 

Lessor and Lessee acknowledge that this Lease, and all material information exchanged during the negotiations related to this Lease, is
confidential information, including, but not limited to: the existence and content of this Lease, the Lessee’s financial statements, the identity of the brokers, and all written, printed, graphic, or electronic information furnished by any
party (collectively, “Confidential Information”). Except to the extent disclosure is required by law, the parties shall keep all Confidential Information in strict confidence and shall not disclose any Confidential Information to any third
party other than Lessee’s or Lessor’s independent auditors, financial and legal advisors, those selected to review Common Area Operating Expenses and taxes, and legal and space-planning consultants; provided, however, that Lessee may
disclose the terms to prospective subtenants or assignees. No Confidential Information or other information regarding this Lease shall be reported or otherwise released. This provision shall survive the termination or expiration of this Lease, for a
period of no less than one year. 
  

	 	16.2	 Indemnities 

Lessee and Lessor do each hereby agree to indemnify, protect, defend and hold the other harmless from and against liability for compensation or
charges which may be claimed by any broker (other than those representing Lessee and Lessor, if any, in this transaction), finder or other similar party by reason of any dealings or actions of the indemnifying Party, including any costs, expenses,
attorneys’ fees reasonably incurred with respect thereto. 
  

	17.	 ESTOPPEL CERTIFICATES AND FINANCIAL STATEMENTS 

 

	 	17.1	 Obligation to Provide Estoppel Certificate 

Each Party (as “Responding Party”) shall within 10 days after written notice from the other Party (the “Requesting Party”)
execute, acknowledge and deliver to the Requesting Party a statement in writing in form similar to the “Estoppel Certificate” form attached hereto as Exhibit D, plus such additional information, confirmation and/or statements as may be
reasonably requested by the Requesting Party. 
  

	 	17.2	 Remedies for Failure to Provide Estoppel Certificate. 

If the Responding Party shall fail to execute or deliver the Estoppel Certificate within such 10-day
period, the Requesting Party may execute an Estoppel Certificate stating that: (i) the Lease is in full force and effect without modification except as may be represented by the Requesting Party, (ii) there are no uncured defaults in the
Requesting Party’s performance, and (iii) if Lessor is the Requesting Party, not more than one month’s rent has been paid in advance. Prospective purchasers and encumbrancers may rely upon the Requesting Party’s Estoppel
Certificate, and the Responding Party shall be estopped from denying the truth of the facts contained in said Certificate. In addition, Lessee acknowledges that any failure on its part to provide such an Estoppel Certificate will expose Lessor to
risks and potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain. Accordingly, should the Lessee fail to execute and/or deliver a requested Estoppel Certificate in a
timely fashion the monthly Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an amount equal to 10% of the then existing Base Rent or $100, whichever is greater for remainder of the Lease. The Parties agree
that such increase in 

  
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Base Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of Lessee’s failure to provide the Estoppel Certificate. Such increase in
Base Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to the failure to provide the Estoppel Certificate nor prevent the exercise of any of the other rights and remedies granted hereunder. 

 

	 	17.3	 Additional Provisions Regarding Lessor Finance, Refinance or Sale of Premises 

If Lessor desires to finance, refinance, or sell the Premises, or any part thereof, Lessee and all Guarantors shall within 10 days after
written notice from Lessor deliver to any potential lender or purchaser designated by Lessor such financial statements as may be reasonably required by such lender or purchaser, including but not limited to Lessee’s financial statements for the
past three years. All such financial statements shall be received by Lessor and such lender or purchaser in confidence and shall be used only for the purposes herein set forth. 

 

	18.	 SUBORDINATION; ATTORNMENT; NON-DISTURBANCE

  

	 	18.1	 Subordination  

This Lease and any Option granted hereby shall be subject and subordinate to any ground lease, mortgage, deed of trust, or other hypothecation
or security device (collectively, “Security Device”), now or hereafter placed upon the Premises, to any and all advances made on the security thereof, and to all renewals, modifications, and extensions thereof. Lessee agrees that the
holders of any such Security Devices (in this Lease together referred to as “Lender”) shall have no liability or obligation to perform any of the obligations of Lessor under this Lease. Any Lender may elect to have this Lease and/or any
Option granted hereby superior to the lien of its Security Device by giving written notice thereof to Lessee, whereupon this Lease and such Options shall be deemed prior to such Security Device, notwithstanding the relative dates of the
documentation or recordation thereof. 
  

	 	18.2	 Attornment 

In the event that Lessor transfers title to the Premises, or the Premises are acquired by another upon the foreclosure or termination of a
Security Device to which this Lease is subordinated (i) Lessee shall, subject to the non-disturbance provisions of Section 18.3, attorn to such new owner, and upon request, enter into a new lease,
containing all of the terms and provisions of this Lease, with such new owner for the remainder of the term hereof, or, at the election of the new owner, this Lease will automatically become a new lease between Lessee and such new owner, and
(ii) Lessor shall thereafter be relieved of any further obligations hereunder and such new owner shall assume all of Lessor’s obligations, except that such new owner shall not: (a) be liable for any act or omission of any prior lessor
or with respect to events occurring prior to acquisition of ownership; (b) be subject to any offsets or defenses which Lessee might have against any prior lessor, (c) be bound by prepayment of more than one month’s rent, or
(d) be liable for the return of any security deposit paid to any prior lessor which was not paid or credited to such new owner. 
  

	 	18.3	 Non-Disturbance 

With respect to Security Devices entered into by Lessor after the execution of this Lease, Lessee’s subordination of this Lease shall be
subject to receiving a commercially reasonable non-disturbance agreement (a “Non-Disturbance Agreement”) from the Lender which
Non-

  
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Disturbance Agreement provides that Lessee’s possession of the Premises, and this Lease, including any options to extend the term hereof, will not be disturbed so long as Lessee is not in
Breach hereof and attorns to the record owner of the Premises. 
  

	 	18.4	 Self-Executing 

The agreements contained in this Section 18 shall be effective without the execution of any further documents; provided, however, that,
upon written request from Lessor or a Lender in connection with a sale, financing or refinancing of the Premises, Lessee and Lessor shall execute such further writings as may be reasonably required to separately document any subordination,
attornment and/or Non-Disturbance Agreement provided for herein. 
  

	19.	 OPTIONS 

  

	 	19.1	 General Provisions Applicable to Options 

19.1.1 “Option” shall mean: (a) the right to extend or reduce the term of or renew this Lease or to extend or reduce the term of
or renew any lease that Lessee has on other property of Lessor; (b) the right of first refusal or first offer to lease either the Premises or other property of Lessor; (c) the right to purchase, the right of first offer to purchase or the
right of first refusal to purchase the Premises or other property of Lessor. 
 19.1.2 Any Option granted to Lessee in this Lease is
personal to the original Lessee and cannot be assigned or exercised by anyone other than said original Lessee and only while the original Lessee is in full possession of the Premises and, if requested by Lessor, with Lessee certifying that Lessee
has no intention of thereafter assigning or subletting. 
 19.1.3 In the event that Lessee has any multiple Options to extend or renew this
Lease, a later Option cannot be exercised unless the prior Options have been validly exercised. 
  

	 	19.2	 Effect of Default on Options 

19.2.1 Lessee shall have no right to exercise an Option: (i) during the period commencing with the giving of any notice of Default and
continuing until said Default is cured, (ii) during the period of time any Rent that is then due is unpaid (without regard to whether notice thereof is given Lessee), (iii) during the time Lessee is in Breach of this Lease, or (iv) in the
event that Lessee has been given three or more notices of separate Default, whether or not the Defaults are cured, during the 12 month period immediately preceding the exercise of the Option. 

19.2.2 The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Lessee’s inability to
exercise an Option because of the provisions of Section 19.2.1. 
 19.2.3 An Option shall terminate and be of no further force or
effect, notwithstanding Lessee’s due and timely exercise of the Option, if, after such exercise and prior to the commencement of the extended term or completion of the purchase, (i) Lessee fails to pay Rent for a period of 30 days after
such Rent becomes due (without any necessity of Lessor to give notice thereof), or (ii) if Lessee commits a Breach of this Lease. 

  
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	 	19.3	 Option Exercise Procedures 

19.3.1 If Lessee elects to exercise an Option, it shall do so by delivery of written notice of such election to Lessor not less than six
(6) and no more than the twelve (12) months prior to the expiration date of the Original Term or extension period, as applicable. 

19.3.2 The Base Rent and method of annual increases thereto for the extension period shall be the then fair market rental rate and method for
annual increases for comparable space in the area. 
 19.3.3 The fair market rental and method for annual increases shall be mutually agreed
upon by Lessor and Lessee within thirty (30) days after Lessor’s receipt of Lessee’s written notice of the exercise of the Option (the “Agreement Period”). 

19.3.4 If Lessor and Lessee are unable to so agree within the Agreement Period, each shall select an Appraiser and, within fifteen
(15) days after the expiration of the Agreement Period, shall notify the other of the name, business address and telephone number of the appraiser so selected. Said two (2) appraisers shall, within thirty (30) days after the
expiration of the Agreement Period, jointly select a third appraiser and shall notify Lessor and Lessee of the name, business address and telephone number of said appraiser. Each of the three (3) appraisers shall, within forty-five
(45) days after expiration of the Agreement Period, make a good faith determination of the then fair market rental rate of the Premises and the method for annual increases in said rate and shall notify Lessor, Lessee, and each other appraiser
of such determinations. If all appraisers do not agree on the fair market rental rate and method for annual increases, the common decision of two (2) of them shall be determinative. If two (2) of the three (3) appraisers are unable to
so agree, the fair market rental rate that is neither the highest nor lowest of the three (3) determinations shall be the Base Rent and the method for annual increases shall be the method specified by the appraiser whose determination of fair
market rental is used. Notwithstanding anything to the contrary in this Lease, Base Rent during an extension period shall not be less than Base Rent in effect for the last year of the Original Term or, if applicable, the extension period then
ending. 
 19.3.5 Lessor and Lessee shall each cooperate with all reasonable requests by any of the appraisers in order to assist the
appraisers in the timely performance of their duties hereunder. To be eligible to serve as an appraiser, one must be a licensed real estate broker in California with a minimum of five (5) years continuous experience in the leasing of similar
space in the area and must be actively engaged in such activity at the time of his or her selection. 
 19.3.6 Lessor and Lessee shall each
pay the fees and expenses of its own appraiser and one-half (1/2) of the fees and expenses of the third appraiser. 
  

	20.	 MISCELLANEOUS PROVISIONS 

 

	 	20.1	 Definition of Lessor 

The term “Lessor” as used herein shall mean the owner or owners at the time in question of the fee title to the Premises, or, if this
is a sublease, of the Lessee’s interest in the prior lease. In the event of a transfer of Lessor’s title or interest in the Premises or this Lease, Lessor shall deliver to the transferee or assignee (in cash or by credit) any unused
Security Deposit held by Lessor. Upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the prior Lessor shall be relieved of all liability with respect to the obligations and/or covenants under

  
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this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor
as hereinabove defined. 
  

	 	20.2	 Severability 

The invalidity of any provision of this Lease, as determined by a court of competent jurisdiction, shall in no way affect the validity of any
other provision hereof. 
  

	 	20.3	 Days 

Unless otherwise specifically indicated to the contrary, the word “days” as used in this Lease shall mean and refer to calendar days.

  

	 	20.4	 Limitation on Liability 

The obligations of Lessor under this Lease shall not constitute personal obligations of Lessor, or its partners, members, directors, officers
or shareholders, and Lessee shall look to the Premises, and to no other assets of Lessor, for the satisfaction of any liability of Lessor with respect to this Lease, and shall not seek recourse against Lessor’s partners, members, directors,
officers or shareholders, or any of their personal assets for such satisfaction. 
  

	 	20.5	 Time of Essence 

Time is of the essence with respect to the performance of all obligations to be performed or observed by the Parties under this Lease. 

 

	 	20.6	 No Prior or Other Agreements 

This Lease contains all agreements between the Parties with respect to any matter mentioned herein, and no other prior or contemporaneous
agreement or understanding shall be effective. Lessor and Lessee each represents and warrants to the other that it has made, and is relying solely upon, its own investigation as to the nature, quality, character and financial responsibility of the
other Party to this Lease and as to the use, nature, quality and character of the Premises. 
  

	 	20.7	 Notices 

20.7.1 All notices required or permitted by this Lease or applicable law shall be in writing and may be delivered in person (by hand or by
courier) or may be sent by regular, certified or registered mail or U.S. Postal Service Express Mail, with postage prepaid, or by facsimile transmission, and shall be deemed sufficiently given if served in a manner specified in this
Section 20.7. The addresses noted adjacent to a Party’s signature on this Lease shall be that Party’s address for delivery or mailing of notices. Either Party may by written notice to the other specify a different address for notice,
except that upon Lessee’s taking possession of the Premises, the Premises shall constitute Lessee’s address for notice. A copy of all notices to Lessor shall be concurrently transmitted to such party or parties at such addresses as Lessor
may from time to time hereafter designate in writing. 
 20.7.2 Any notice sent by registered or certified mail, return receipt requested,
shall be deemed given on the date of delivery shown on the receipt card, or if no delivery date is 

  
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shown, the postmark thereon. If sent by regular mail the notice shall be deemed given 72 hours after the same is addressed as required herein and mailed with postage prepaid. Notices delivered by
United States Express Mail or overnight courier that guarantees next day delivery shall be deemed given 24 hours after delivery of the same to the Postal Service or courier. Notices transmitted by facsimile transmission or similar means shall be
deemed delivered upon telephone confirmation of receipt (confirmation report from fax machine is sufficient), provided a copy is also delivered via delivery or mail. If notice is received on a Saturday, Sunday or legal holiday, it shall be deemed
received on the next business day. 
  

	 	20.8	 Waivers 

20.8.1 No waiver by Lessor of the Default or Breach of any term, covenant or condition hereof by Lessee, shall be deemed a waiver of any other
term, covenant or condition hereof, or of any subsequent Default or Breach by Lessee of the same or of any other term, covenant or condition hereof. Lessor’s consent to, or approval of, any act shall not be deemed to render unnecessary the
obtaining of Lessor’s consent to, or approval of, any subsequent or similar act by Lessee, or be construed as the basis of an estoppel to enforce the provision or provisions of this Lease requiring such consent. 

20.8.2 The acceptance of Rent by Lessor shall not be a waiver of any Default or Breach by Lessee. Any payment by Lessee may be accepted by
Lessor on account of monies or damages due Lessor, notwithstanding any qualifying statements or conditions made by Lessee in connection therewith, and such statements and/or conditions shall be of no force or effect whatsoever unless specifically
agreed to in writing by Lessor at or before the time of deposit of such payment. 
 20.8.3 THE PARTIES AGREE THAT THE TERMS OF THIS LEASE
SHALL GOVERN WITH REGARD TO ALL MATTERS RELATED THERETO AND HEREBY WAIVE THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE TO THE EXTENT THAT SUCH STATUTE IS INCONSISTENT WITH THIS LEASE. 

 

	 	20.9	 No Right to Holdover 

Lessee has no right to retain possession of the Premises or any part thereof beyond the expiration or termination of this Lease. In the event
that Lessee holds over, then the Base Rent shall be increased to 150% of the Base Rent applicable immediately preceding the expiration or termination. Nothing contained herein shall be construed as consent by Lessor to any holding over by Lessee.

  

	 	20.10	 Cumulative Remedies 

No remedy or election hereunder shall be deemed exclusive but shall, wherever possible, be cumulative with all other remedies at law or in
equity. 
  

	 	20.11	 Covenants and Conditions: Construction of Agreement 

All provisions of this Lease to be observed or performed by Lessee are both covenants and conditions. In construing this Lease, all headings
and titles are for the convenience of the Parties only and shall not be considered a part of this Lease. Whenever required by the context, the singular shall include the plural and vice versa. This Lease shall not be construed as if

  
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prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 
  

	 	20.12	 Binding Effect; Choice of Law 

This Lease shall be binding upon the parties, their personal representatives, successors and assigns and be governed by the laws of the State
in which the Premises are located. Any litigation between the Parties hereto concerning this Lease shall be initiated in the county in which the Premises are located. 
  

	 	20.13	 Attorneys’ Fees 

If any Party brings an action or proceeding involving the Premises whether founded in tort, contract or equity, or to declare rights hereunder,
the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to reasonable attorneys’ fees. Such fees may be awarded in the same suit or recovered in a separate suit, whether or not such
action or proceeding is pursued to decision or judgment. The term, “Prevailing Party” shall include, without limitation, a Party who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement,
judgment, or the abandonment by the other Party of its claim or defense. The attorneys’ fees award shall not be computed in accordance with any court fee schedule but shall be such as to fully reimburse all attorneys’ fees reasonably
incurred. In addition, Lessor shall be entitled to attorneys’ fees, costs and expenses incurred in the preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently
commenced in connection with such Default or resulting Breach ($200 is a reasonable minimum per occurrence for such services and consultation). 
  

	 	20.14	 Lessor’s Access: Showing Premises; Repairs 

Lessor and Lessor’s agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at
reasonable times after reasonable prior notice for the purpose of showing the same to prospective purchasers, lenders, or tenants, and making such alterations, repairs, improvements or additions to the Premises as Lessor may deem necessary or
desirable and the erecting, using and maintaining of utilities, services, pipes and conduits through the Premises and/or other premises as long as there is no material adverse effect on Lessee’s use of the Premises. All such activities shall be
without abatement of rent or liability to Lessee. 
  

	 	20.15	 Auctions 

Lessee shall not conduct, nor permit to be conducted, any auction upon the Premises without Lessor’s prior written consent. Lessor shall
not be obligated to exercise any standard of reasonableness in determining whether to permit an auction. 
  

	 	20.16	 Skins 

Lessor may place on the Premises ordinary “For Sale” signs at any time and ordinary “For Lease” signs during the last six
months of the term hereof. Lessee shall not place any sign upon the Project without Lessor’s prior written consent. All signs must comply with all applicable government and zoning requirements. 

  
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	 	20.17	 Termination; Merger 

Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or
cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies.
Lessor’s failure within 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such
interest. 
  

	 	20.18	 Consents 

Except as otherwise provided herein, wherever in this Lease the consent of a Party is required to an act by or for the other Party, such
consent shall not be unreasonably withheld or delayed. Lessor’s actual reasonable costs and expenses (including but not limited to architects’, attorneys’, engineers’ and other consultants’ fees) incurred in the
consideration of, or response to, a request by Lessee for any Lessor consent, including but not limited to consents to an assignment, a subletting or the presence or use of a Hazardous Substance, shall be paid by Lessee upon receipt of an invoice
and supporting documentation therefor. Lessor’s consent to any act, assignment or subletting shall not constitute an acknowledgment that no Default or Breach by Lessee of this Lease exists, nor shall such consent be deemed a waiver of any
then-existing Default or Breach, except as may be otherwise specifically stated in writing by Lessor at the time of such consent. The failure to specify herein any particular condition to Lessor’s consent shall not preclude the imposition by
Lessor at the time of consent of such further or other conditions as are then reasonable with reference to the particular matter for which consent is being given. In the event that either Party disagrees with any determination made by the other
hereunder and reasonably requests the reasons for such determination, the determining party shall furnish its reasons in writing and in reasonable detail within 10 business days following such request. 

 

	 	20.19	 Quiet Possession 

Subject to payment by Lessee of the Rent and performance of all of the covenants, conditions and provisions on Lessee’s part to be
observed and performed under this Lease, Lessee shall have quiet possession and quiet enjoyment of the Premises during the term hereof. 
  

	 	20.20	 Security Measures 

Lessee hereby acknowledges that the Rent payable to Lessor hereunder does not include the cost of guard service or other security measures, and
that Lessor shall have no obligation whatsoever to provide same. Lessee assumes all responsibility for the protection of the Premises, Lessee, its agents and invitees and their property from the acts of third parties. 

 

	 	20.21	 Reservations 

Lessor reserves the right: (i) to grant, without the consent or joinder of Lessee, such easements, rights and dedications that Lessor
deems necessary, (ii) to cause the recordation of parcel maps and restrictions, and (iii) to create and/or install new utility raceways, so long as such easements, rights, dedications, maps, restrictions, and utility raceways do not
unreasonably interfere with the use of the Premises by Lessee. Lessee agrees to sign any documents reasonably requested by Lessor to effectuate such rights. 

  
 36 

	 	20.22	 Performance Under Protest 

If at any time a dispute shall arise as to any amount or sum of money to be paid by one Party to the other under the provisions hereof, the
Party against whom the obligation to pay the money is asserted shall have the right to make payment “under protest” and such payment shall not be regarded as a voluntary payment and there shall survive the right on the part of said Party
to institute suit for recovery of such sum. If it shall be adjudged that there was no legal obligation on the part of said Party to pay such sum or any part thereof, said Party shall be entitled to recover such sum or so much thereof as it was not
legally required to pay. A Party who does not initiate suit for the recovery of sums paid “under protest” within 6 months shall be deemed to have waived its right to protest such payment. 

 

	 	20.23	 Authority: Multiple Parties; Execution 

20.23.1 If either Party hereto is a corporation, trust, limited liability company, partnership, or similar entity, each individual executing
this Lease on behalf of such entity represents and warrants that he or she is duly authorized to execute and deliver this Lease on its behalf. Each Party shall, within 30 days after request, deliver to the other Party satisfactory evidence of such
authority. 
 20.23.2 If this Lease is executed by more than one person or entity as “Lessee”, each such person or entity shall be
jointly and severally liable hereunder. It is agreed that any one of the named Lessees shall be empowered to execute any amendment to this Lease, or other document ancillary thereto and bind all of the named Lessees, and Lessor may rely on the same
as if all of the named Lessees had executed such document. 
 20.23.3 This Lease may be executed by the Parties in counterparts, each of
which shall be deemed an original and all of which together shall constitute one and the same instrument. 
  

	 	20.24	 Offer 

Preparation of this Lease by either party or their agent and submission of same to the other Party shall not be deemed an offer to lease to the
other Party. This Lease is not intended to be binding until executed and delivered by all Parties hereto. 
  

	 	20.25	 Amendments 

This Lease may be modified only in writing, signed by the Parties in interest at the time of the modification. As long as they do not
materially change Lessee’s obligations hereunder, Lessee agrees to make such reasonable non-monetary modifications to this Lease as may be reasonably required by a Lender in connection with the obtaining
of normal financing or refinancing of the Premises. 
  

	 	20.26	 Waiver of Trial By Jury 

THE PARTIES HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING INVOLVING THE PROPERTY OR ARISING OUT OF THIS
AGREEMENT. 

  
 37 

	 	20.27	 Accessibility; Americans with Disabilities Act 

20.27.1 The Premises have not undergone an inspection by a Certified Access Specialist (CASp). 

20.27.2 Since compliance with the Americans with Disabilities Act (ADA) is dependent upon Lessee’s specific use of the Premises, Lessor
makes no warranty or representation as to whether or not the Premises comply with ADA or any similar legislation In the event that Lessee’s use of the Premises requires modifications or additions to the Premises in order to be in ADA
compliance, Lessee agrees to make any such necessary modifications and/or additions at Lessee’s expense. 
 20.27.3 LESSOR AND LESSEE
HAVE CAREFULLY READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN, AND BY THE EXECUTION OF THIS LEASE SHOW THEIR INFORMED AND VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE
TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND LESSEE WITH RESPECT TO THE PREMISES. 

The parties hereto have executed this Lease at the place and on the dates specified above their respective signatures. 

(SIGNATURES CONTINUED ON NEXT PAGE) 

  
 38 

			
	LESSOR:	 	Marindustry Partners, LP,
a California limited partnership
		
		 	By: Blue Timber Properties, LLC
		 	Its: General Partner
		
		 	 /s/ Lindsay Davidson

		 	By: Lindsay Davidson
		 	Its: Manager
		
	Lessor’s Address for Notices:	 	 c/o Cypress View Properties, Inc.

		 	Attn: Larry Figueroa
		 	401 B Street, Suite 2400
		 	San Diego, CA 92101
		 	###-###-####
		 	#####@cypressview.com
		
	LESSEE:	 	Genelux Corporation, a Delaware corporation
		
		 	 /s/ Thomas Zindrick

		 	By: Thomas Zindrick
		 	Its: Chief of Executive Officer
		
	Lessee’s Address for Notices:	 	 3030 Bunker Hill Street, Suite 310

		 	San Diego, California 92121

  
 39 

 EXHIBIT A — “Site Plan of the Premises” 

 
 

 

  
 40 

 EXHIBIT B — “Tenant Improvements” 

Lessee to lease the building “as is” and construct its own improvements within the Premises at Lessee’s sole cost and expense;
however, Lessor, at Lessor’s sole cost and expense, shall deliver the Premises such that: 
  

	 	1.	 All electrical, HVAC, lighting, roof structure and membrane, plumbing and grade level doors are in good working
order at time of occupancy by Lessee. 

 Lessee and its project management team shall competitively bid/negotiate the
Tenant Improvement construction with Lessor’s reasonable consent, from a list of mutually-approved contractors. Lessee shall have the right to engage its own architect/space planner (and engineers/consultants), subject to Lessor’s
reasonable approval. Lessor shall not be entitled to charge profit or a project management fee related to the Tenant Improvements. 

  
 41 

 EXHIBIT C — “Guaranty”—[Not applicable — intentionally omitted.] 

  
 42 

 EXHIBIT D — “Estoppel Certificate” 

STANDARD ESTOPPEL CERTIFICATE—BY LESSEE 

To Whom It May Concern: 
 Re:
Industrial/Commercial Multi-Tenant Lease — Gross dated July 2, 2018 (“Lease”) by and between Genelux Corporation, a Delaware corporation (“Lessee”), and Marindustry Partners, LP, a California limited partnership
(“Lessor), concerning the real property commonly known as 6335 Marindustry Drive, San Diego, California 92121 (the “Premises”). 

Lessee hereby certifies as follows: 

1. A true copy of the Lease is attached as Exhibit A. Other than the document included in Exhibit A, there are no oral or written agreements or
understandings between the Lessor and Lessee with respect to the Premises. 
 2. The Lease term commenced on October 1, 2018, and will
continue for 60 months, until September 30, 2023. 
 3. The current monthly rent and Lessor’s Share of Operating Expenses (as
defined in the Lease), if any, are as follows: 
  

							
	 	  	Amount	  	Day of Month Due	  	Amount Paid YTD
	Rent	  		  		  	
	Operating Expenses	  		  		  	

 No rents or Operating Expenses have been prepaid except as reflected in the Lease. 

4. The current amount of security deposit held by Lessor is $_________. 

5. The improvements and space required to be provided by Lessor have been furnished and completed in all respects to the satisfaction of
Lessee, and all promises of an inducement by Lessor have been fulfilled. 
 6. Lessee has no knowledge of any uncured defaults by Lessor or
Lessee under the Lease. 
 7. There are no disputes between Lessor and Lessee concerning the Lease, the Premises or the improvements therein
or thereon. 
 8. Lessee is in full and complete possession of the Premises and has not assigned or sublet any portion of the Premises. 

9. Lessee has no knowledge of any prior sale, transfer, assignment or encumbrance of the Lessor’s interest in the Lease. 

10. Lessee has made no alterations or additions to the Premises not contemplated in the Lease. 

  
 43 

 11. If alterations or additions have been made by Lessee, Lessee represents that to the best
of its knowledge, all such alterations and additions were done in accordance with the terms of the Lease and in compliance with all applicable laws, rules and regulations. 

12. Lessee is not currently the subject of a bankruptcy proceeding and, to the best of its knowledge, Lessor is not involved in such a
proceeding. 
 13. Lessee is aware that buyers, lenders and others will rely upon the statements made in this Estoppel Certificate and has
therefore adjusted the language hereof as necessary to make it an accurate statement of the current facts concerning the Lease. 
  

							
	LESSEE:	 		 	  Genelux Corporation, a Delaware corporation

  

							
	Dated:	 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

  
 44 

 EXHIBIT E — “Hazardous Substances” 

As set forth in Section 6.2.1 of this Lease, “Hazardous Substance” shall mean any product, substance, or waste whose presence,
use, manufacture, disposal, transportation, or release, either by itself or in combination with other materials expected to be on the Premises, is either: (i) potentially injurious to the public health, safety or welfare, the environment or the
Premises, (ii) regulated or monitored by any governmental authority, or (iii) a basis for potential liability of Lessor to any governmental agency or third party under any applicable statute or common law theory. Hazardous Substances shall
include, but not be limited to, hydrocarbons, petroleum, gasoline, and/or crude oil or any products, by-products or fractions thereof. Lessee shall not engage in any activity in or on the Premises which
constitutes a Reportable Use of Hazardous Substances without the express prior written consent of Lessor and timely compliance (at Lessee’s expense) with all Applicable Requirements. “Reportable Use” shall mean (i) the
installation or use of any above or below ground storage tank, (ii) the generation, possession, storage, use, transportation, or disposal of a Hazardous Substance that requires a permit from, or with respect to which a report, notice,
registration or business plan is required to be filed with, any governmental authority, and/or (iii) the presence at the Premises of a Hazardous Substance with respect to which any Applicable Requirements mandate that a notice or identification
be provided that a Hazardous Substance is located on or in the Premises. 
  

					
	 Substance
	  	 Quantity
	  	 ”Reportable Use”

	Household Bleach	  	25 Gal or Less than the permitted amount	  	No
			
	Isopropyl Alcohol	  	25 Gal or Less than the permitted amount	  	No
			
	Biopharmaceutical	  	10 Gal or less under BSL-2 regulations	  	Yes
			
	Compressed Gas (02)	  	2 x 200 L	  	Yes
			
	Compressed Gas (N2)	  	2 x 200 L	  	No
			
	Compressed Gas (CO2)	  	2 x 200 L	  	No
			
	Compressed Gas (air)	  	2 x 200 L	  	No

  
 45EX-10.17

 Exhibit 10.17 

 

			
	 Bonusvereinbarung
  

zwischen
  

SIGNA Sports United GmbH, Kantstraße 164, Upper West, 10623 Berlin, Deutschland
	  	 Bonus Agreement
  

between
  

SIGNA Sports United GmbH, Kantstraße 164, Upper West, 10623 Berlin, Germany

		
	- nachfolgend „SSU“ -	  	- hereinafter referred to as “SSU” -
		
	SIGNA Sports United B.V., Kantstraße 164, Upper West, 10623 Berlin, Deutschland	  	SIGNA Sports United B.V., Kantstraße 164, Upper West, 10623 Berlin, Germany
		
	- nachfolgend „TopCo“, gemeinsam mit SSU die „SSU-Gesellschaften“ -	  	- hereinafter referred to as “TopCo”, together with SSU, the “SSU-Companies” -
		
	und	  	and
	
	[Name and address]
		
	- nachfolgend “Mitarbeiter” -	  	- hereinafter referred to as “Employee” -
		
	vom [•] 2021	  	dated [•] 2021
		
	PRÄAMBEL	  	PREAMBLE
		
	Die SSU-Gesellschaften befinden sich derzeit in konkreten Vorbereitungen für das Closing eines Börsengangs an der New York Stock Exchange in Form einer sog. De-SPAC Transaktion durch eine Verschmelzung mit der Yucaipa Acquisition Corporation. Die SSU-Gesellschaften gehen derzeit davon aus, dass das Closing des Börsengangs im
Lauf des Dezembers 2021 stattfinden wird. Als Ergebnis des Börsengangs werden die Aktien der TopCo an der New York Stock Exchange zum Handel zugelassen sein und SSU eine 100%-ige Tochtergesellschaft von
TopCo sein. Die Durchführung des Börsengangs steht derzeit noch unter dem Vorbehalt der Zustimmung der Aktionäre der Yucaipa Acquisition Corp.	  	The SSU-Companies are currently preparing the closing of an IPO on the New York Stock Exchange in the form of a so-called
De-SPAC transaction through a business combination with Yucaipa Acquisition Corporation. The SSU-Companies currently assume that the closing of the IPO will take place
in the course of December 2021. As a result of the IPO, TopCo’s shares will be listed for trading on the New York Stock Exchange and SSU will be a wholly owned subsidiary of TopCo. The closing of the
De-SPAC transaction is currently still subject to the approval of the shareholders of Yucaipa Acquisition Corporation.

  
 - 1 - 

			
	Der Mitarbeiter hat durch seinen Anstellungsvertrag mit der [•] Ansprüche auf die Teilnahme an einem von der SSU aufzulegenden LTI Programm erworben.	  	By virtue of his employment agreement with [•], the Employee has acquired a contractual right to participate in an LTI program to be established by SSU.
		
	Vor dem Hintergrund der derzeit laufenden Vorbereitungen für das Closing des Börsengangs wird daher folgendes vereinbart:	  	Against the background of the currently ongoing preparations for the closing of the IPO, it is hereby agreed as follows:
		
	A. Festlegung der Höhe der Ansprüche im Fall eines Börsengangs	  	B. Determination of the relevant amounts in the case of an IPO
		
	Der Mitarbeiter hat für den Fall, dass SSU erfolgreich einen Börsengang (entweder in Form eines „klassischen“ Börsengangs oder in Form einer sog. De-SPAC Transaktion)
durchführt, Anspruch auf die Auszahlung der folgenden Beträge im Folgemonat des Monats, in dem den SSU-Gesellschaften die Mittel aus dem Börsengang zur Verfügung stehen (entweder durch
Auszahlung durch SSU selbst oder durch die Tochtergesellschaft von SSU, mit der der jeweilige Anstellungs- oder Dienstvertrag abgeschlossen wurde):	  	In the event that SSU successfully carries out an IPO (either in the form of a “classic” IPO or in the form of a so-called De-SPAC
transaction), the Employee shall be entitled to the payment of the following amounts in the following month of the month, in which the SSU-Companies have access to the funds from the IPO (either through
payment by SSU itself or through the subsidiary of SSU with which the respective employment or service contract was concluded):
		
	1. EUR [•] brutto für die Abrechnung von Ansprüchen aus einem für den IPO-Fall aufzulegenden LTI-Programm für die Zeit bis
zum 30. September 2020.	  	1. EUR [•] gross for the settlement of claims from an LTI program to be set up for the IPO case for the period up to September 30, 2020.
		
	2. EUR [•] brutto für die Abrechnung von Ansprüchen aus einem für den IPO-Fall aufzulegenden LTI-Programm für die Zeit vom
1. Oktober 2020 bis zum 30. September 2021.	  	2. EUR [•] gross for the settlement of claims from an LTI program to be set up for the IPO case for the period from October 1, 2020 to September 30, 2021,
		
	mithin Anspruch auf die Auszahlung eines Gesamtbetrags in Höhe von EUR [•] (der „Bonusbetrag“).	  	i.e. an aggregate amount of EUR [•] (the “Bonus Amount”).
		
	B. Angebot auf Umwandlung einer Auszahlung in Aktien	  	B. Offer to convert to a payment in shares
		
	Die SSU-Gesellschaften bieten hiermit dem Mitarbeiter an, seinen Anspruch auf Auszahlung des oben genannten Gesamtbetrags in bar ganz oder zum Teil in die Gewährung von Aktien der TopCo
umzuwandeln auf Basis der folgenden Grundsätze:	  	The SSU-Companies hereby offer the Employee the option to convert his/her entitlement to payment of the above total amount in cash, in whole or in part, into the granting of TopCo shares on
the basis of the following principles:

  
 - 2 - 

			
		
	 1. Angebot und Ausübung des Wahlrechts
  

Die SSU-Gesellschaften bieten dem Mitarbeiter an, mindestens 50% bis maximal 100% des Bonusbetrags nicht in bar an sich
auszahlen zu lassen, sondern in frei handelbaren Aktien von TopCo.
	  	 1. Offer and exercise of option right
  

The SSU-Companies offer the Employee the option to convert at least 50% and up to 100% of the Bonus Amount to be paid
in freely tradable TopCo shares instead of cash.

		
	Dieses Wahlrecht hat der Mitarbeiter durch Übersendung des in Anhang 1 beigefügten Formulars bis spätestens 29. November 2021 an die folgende Adresse auszuüben
(E-Mail ausreichend):	  	The Employee must exercise this option by submitting the attached form in Appendix 1 by no later than November 29, 2021 to the following address (email sufficient):
		
	 SIGNA Sports United GmbH

z. Hd. von Frau Dorit Schindler

Kantstraße 164, Upper West,

10623 Berlin
	  	 SIGNA Sports United GmbH

z. Hd. von Frau Dorit Schindler

Kantstraße 164, Upper West,

10623 Berlin

		
	Wählt der Mitarbeiter einen Betrag zur Umwandlung in Aktien, der unter 50% des Bonusbetrags liegt, gilt das Wahlrecht als nicht wirksam ausgeübt und der Mitarbeiter erhält den Bonusbetrag komplett in bar ausbezahlt,
und zwar spätestens im Folgemonat des Monats, in dem den SSU-Gesellschaften die Mittel aus dem Börsengang zustehen.	  	If the Employee chooses an amount for conversion into shares that is less than 50% of the Bonus Amount, the option is deemed not to have been effectively exercised and the Employee receives the bonus amount entirely in cash by no
later than in the following month of the month, in which the SSU-Companies have access to the funds from the IPO.
		
	Wählt der Mitarbeiter einen Betrag zur Umwandlung in Aktien, der über 50% aber unter 100% des Bonusbetrags liegt, wird der restliche Bonusbetrag, der nicht in Aktien gewandelt wird, in bar ausbezahlt, und zwar
spätestens im Folgemonat des Monats, in dem den SSU-Gesellschaften die Mittel aus dem Börsengang zustehen.	  	If the Employee chooses an amount for conversion into shares that is more than 50% but less than 100% of the Bonus Amount, the remaining Bonus Amount which was not converted into shares will be paid in cash by no later than in the
following month of the month, in which the SSU-Companies have access to the funds from the IPO.
		
	 2. Ermittlung der Aktienanzahl
  

Die Anzahl der an den Mitarbeiter zu übertragenden TopCo-Aktien ermittelt sich wie folgt:
	  	 2. Determination of the number of shares
  

The number of TopCo shares to be transferred to the Employee shall be determined as follows:

		
	a) Betrag des in Aktien zu wandelnden Bonusbetrags nach Wahl des Mitarbeiters multipliziert mit (i) 1,25 für den Fall, dass 50% bis 74,9% des Bonusbetrags in Aktien gewandelt werden bzw. (ii) mit 1,35 für den Fall,
dass 75% bis 100% des Bonusbetrags in Aktien gewandelt werden („Gewandelter Bonusbetrag“).	  	a) Amount of the Bonus Amount to be converted into shares at the discretion of the employee times (i) 1.25 in case that 50% to 74.9% of the Bonus Amount will be converted into shares and (ii) 1.35 in case 75% to 100% of the Bonus
Amount will be converted into shares (“Converted Bonus Amount”).

  
 - 3 - 

			
	b) Feststellung des durchschnittlichen offiziellen EUR/US$ Wechselkurses für die letzten fünf (5) Handelstage an der New York Stock Exchange vor dem 16. Mai 2022 („Stichtag“) und Ermittlung des
Gewandelten Bonusbetrags in US-Dollar auf dieser Basis (voraussichtlich durch SOLIUM CAPITAL UK LTD).	  	b) Determination of the average official EUR/US$ exchange rate applicable on the last five (5) trading days on the New York Stock Exchange before May 16, 2022 (the
“Ex-Date”) and determination of the Converted Bonus Amount in US dollars on this basis (expectedly by SOLIUM CAPITAL UK LTD).
		
	c) Ermittlung des volumengewichteten Durchschnittskurs der TopCo-Aktien an der New York Stock Exchange für die letzten fünf (5) Handelstage vor dem Stichtag („5 Tage-VWAP“) (voraussichtlich durch
SOLIUM CAPITAL UK LTD).	  	c) Determination of the volume-weighted average price of the TopCo shares at the New York Stock Exchange for the last five (5) trading days before the Ex-Date (“5 days
VWAP”) (expectedly by SOLIUM CAPITAL UK LTD).
		
	d) Ermittlung der Anzahl der dem Mitarbeiter zu übertragenden TopCo-Aktien durch Division des Gewandelten Bonusbetrags in US-Dollar durch den 5 Tage-VWAP (voraussichtlich durch SOLIUM
CAPITAL UK LTD). Bruchteile von Aktien werden voraussichtlich nicht auf- oder abgerundet, sondern in bar an den Mitarbeiter ausbezahlt.	  	d) Determination of the number of TopCo shares to be transferred to the Employee by dividing the Converted Bonus Amount in US dollars by the 5-day VWAP (expectedly by SOLIUM CAPITAL UK LTD).
It is envisaged that any fractional shares will not be rounded upwards or downwards but will be paid out in cash to the Employee.
		
	e) Die Anzahl der so an den Mitarbeiter zu übertragenden TopCo Aktien wird dem Mitarbeiter voraussichtlich einen Handelstrag nach dem Ex-Date mitgeteilt bzw. auf sonstige Weise
zugänglich gemacht (z.B. über eine elektronische Plattform). Die Feststellung der auf den Mitarbeiter zu übertragenden TopCo-Aktien ist mit Ausnahme von offensichtlichen Rechenfehlern für den Mitarbeiter verbindlich.	  	e) The number of TopCo shares to be transferred to the Employee is expected to be communicated (or otherwise made available, e.g. through an electronic platform) to the Employee is informed accordingly one trading day after the ex-date. The determination of the TopCo shares to be transferred to the Employee shall be binding for the Employee except for obvious calculation errors.
		
	 3. Übertragung der Aktien
  

Die entsprechend nach Ziffer 2. ermittelte Anzahl von TopCo Aktien wird dem Mitarbeiter voraussichtlich zwei (2) Handelstage nach dem Stichtag auf einem
persönlichen und jederzeit zugänglichen Wertpapierdepot bei (voraussichtlich bei der SOLIUM CAPITAL UK LTD) eingebucht.
	  	 3. Transfer of the shares
  

The number of TopCo shares determined in accordance with section 2 will be transferred to a personal and permanently available securities deposit account of
the Employee (expected to be maintained by SOLIUM CAPITAL UK LTD) expectedly two (2) trading days following the Ex-Date.

		
	 4. Übertragbarkeit der Aktien
  

Die dem Mitarbeiter nach Ziffer 3. eingebuchten Aktien sind ab dem Tag der Einbuchung frei handelbar und keinen weiteren speziellen Handelsbeschränkungen
wie Lock-Up Verpflichtungen oder Vesting-Regelungen unterworfen.
	  	 4. Transferability of the shares
  

The shares booked to the Employee according to Section 3 are freely tradable from the day of transfer and are not subject to any further specific trading
restrictions such as lock-up obligations or vesting regulations.

  
 - 4 - 

			
	5. Widerruflichkeit/Nichtlieferung der Aktien	  	5. Revocability/Failure to deliver the shares
		
	Die Ausübung des Wahlrechts durch den Mitarbeiter ist grundsätzlich nicht widerruflich. Eine Ausnahme gilt nur dann, wenn TopCo bzw. die jeweils zuständige SSU-Gesellschaft
einen mit der SEC-Rule 10b5-1 in Einklang stehenden und ordnungsgemäß vorgelegten Handelsplan des Mitarbeiters nicht bis zum 30. April 2022 genehmigt hat. Der
Widerruf muss bis spätestens 10 Tage vor dem Stichtag an SIGNA Sports United GmbH, z. Hd. Frau Dorit Schindler, Kantstrasse 164, Upper West, 10623 Berlin erfolgen (E-Mail ausreichend).	  	The exercise of the right to convert all or a part of the Bonus Amounts is generally irrevocable, except if TopCo or the responsible SSU-Company has not approved a share trading plan in
compliance with SEC Rule 10b5-1 and has been duly presented by the Employee by April 30, 2022. The right to withdraw must be exercised by sending the relevant declaration to SIGNA Sports United GmbH, Att.
Frau Dorit Schindler, Kantstrasse 164, Upper West, 10623 Berlin erfolgen (email sufficient).
		
	Sollte der Mitarbeiter die Wandlung ordnungsgemäß widerrufen oder dem Mitarbeiter aus anderen Gründen die entsprechende Anzahl an Aktien von TopCo nicht spätestens um 24 Uhr, Eastern Standard Time, 23. Mai 2022
gutgeschrieben worden sein, wird der ursprünglich geschuldete Bonusbetrag nach Ziffer A dem Mitarbeiter spätestens mit der Lohnzahlung für den Monat Juni 2022 überwiesen.	  	If the Employee duly exercises the right to withdraw or does not receive the corresponding number of TopCo shares by 24 pm Eastern Standard Time, May 23, 2022 for other reasons, the originally owed bonus amount as set out in
number A above will be transferred to the Employee by no later than together with the salary payments for the month of June 2022.
		
	6. Einkommenssteuerliche Behandlung	  	6. Withholding Tax
		
	Der Mitarbeiter trägt sämtliche Steuern (einschließlich Lohnsteuer und Solidaritätszuschlag) und Sozialversicherungsbeiträge (zusammen „Abzugsbeträge), die von den SSU-Gesellschaften oder der Tochtergesellschaft von SSU, mit der der jeweilige Anstellungs- oder Dienstvertrag geschlossen wurde, für Leistungen nach dieser Vereinbarung einzubehalten und an die
zuständigen Steuer- und Sozialversicherungsbehörden abzuführen sind.	  	The Employee shall bear all taxes (including wage tax and solidarity surcharge) and social security contributions (together “Withholding Amount”) to be withheld and paid to the competent tax and social security
authorities by the SSU-Companies or the subsidiary of SSU with which the respective employment or service contract was concluded for benefits under this Agreement.
		
	Die SSU-Gesellschaften oder die Tochtergesellschaft von SSU, mit der der jeweilige Anstellungs- oder Dienstvertrag geschlossen wurde, sind berechtigt, einen Anteil der Bonuszahlung zur
Begleichung der Abzugsbeträge einzubehalten um diesen an die zuständigen Steuer- und Sozialversicherungsbehörden abzuführen. Sollte der Mitarbeiter das Wahlrecht zur Wandlung des Bonusbetrags in Aktien von TopCo ausüben,
können die SSU-Gesellschaften oder die Tochtergesellschaft von SSU, mit der der jeweilige Anstellungs- oder Dienstvertrag geschlossen wurde, einen Anteil der dem Mitarbeiter zugeteilten TopCo Aktien
veräußern und den Nettoerlös zur Begleichung der Abzugsbeträge an die zuständigen Steuer- und Sozialversicherungsbehörden abführen. In diesem Fall reduziert sich die nach Ziffer 3 für den Mitarbeiter
einzubuchende Anzahl TopCo Aktien entsprechend.	  	The SSU-Companies or the subsidiary of SSU with which the respective employment or service contract was concluded shall be entitled to withhold a portion of the Bonus Amount to pay the
Withholding Amount to the competent tax and social security authorities. If the Employee exercises the option to convert the Bonus Amount in shares of TopCo, the SSU-Companies or the subsidiary of SSU with
which the respective employment or service contract was concluded may sell a portion of the TopCo shares allocated to the Employee and remit the net proceeds to the relevant tax and social security authorities to settle the Withholding Amount. In
this case, the number of TopCo Shares to be transferred for the employee pursuant to Clause 3 shall be reduced accordingly.

  
 - 5 - 

			
		
	Für Zwecke der Ermittlung der einzubehaltenden und abzuführenden Lohnsteuer werden die SSU-Gesellschaften oder die Tochtergesellschaft von SSU, mit der der jeweilige Anstellungs-
oder Dienstvertrag geschlossen wurde, pauschal den in der höchsten Progressionszone des Einkommensteuertarifs anzuwendenden Steuersatz ansetzen. Etwaige Überzahlung können dem Mitarbeiter im Rahmen der jährlichen
Einkommensteuerveranlagung erstattet werden.	  	For the purpose of determining the wage tax to be withheld and paid, the SSU companies or the subsidiary of SSU with which the respective employment or service contract was concluded shall apply the tax rate applicable in the
highest progression zone of the income tax scale on a flat-rate basis. Any overpayment may be refunded to the Employee with the annual income tax assessment.
		
	 C. Nichtdurchführung des Börsengangs bis zum 31. März 2022

 
 Für den Fall, dass das Closing des Börsengangs nicht bis zum 31. März
2022 erfolgt ist, gilt Folgendes:
	  	 C. Non-occurrence of the closing of the IPO until March 31, 2022

 
 If the closing of the IPO has not occurred by March 31, 2022, the following shall
apply:

		
	 Für den Zeitraum vom Beginn der Teilnahmeberechtigung des Mitarbeiters am LTI Programm bis einschließlich zum 30. September 2021
erhält der Mitarbeiter einen Bonus, der sich wie folgt berechnet:
  

Basiswertkumuliert multipliziert mit Zielerreichungsgradrel
	  	 For the period from the beginning of the entitlement of the Employee to participate in the LTI up to and including 30 September 2021,
the Employee shall receive an LTI bonus calculated as follows:
  
 Base
valuecumulated multiplied by target achievementrel

		
	Basiswertkumuliert ist – kumuliert für den gesamten Zeitraum der Abrechnung – EUR [●] brutto, wovon bereits EUR [●] an den Mitarbeiter
ausbezahlt worden sind	  	Base valuecumulated is – cumulated for the entire period of the settlement –EUR [●]
gross, of which EUR [●] have already been paid to the Employee.
		
	Der Zielerreichungsgrad wird bei 100% festgesetzt.	  	The target achievement is set at 100%.
		
	Auf dieser Basis erhält der Mitarbeiter einen Betrag von EUR [●] ausbezahlt. Dieser wird dem Mitarbeiter spätestens mit der Lohnzahlung für den Monat April 2022 überwiesen.	  	On this basis, the Employee shall a receive a bonus in the amount of EUR [●]. The bonus will be paid to the Employee together with the salary payments for the month of April 2022.
		
	Mit dieser Zahlung sind sämtliche LTI-Ansprüche bzw. hiermit in Zusammenhang stehende Ansprüche des Mitarbeiters aus seinem Dienstvertrag, etwa aus Ausgleich für die
Nichtauflegung eines LTI-Programms bis zum 30. September 2021, für die Zeiträume bis einschließlich 30. September 2021 endgültig und abschließend erledigt.	  	With this payment, all LTI claims or claims of the Employee in connection therewith under his service agreement, e.g. from compensation for not setting up an LTI programme by September 30 2021, for the periods up to and
including 30 September 2021 are finally and conclusively settled.

  
 - 6 - 

			
	D. Sonstiges	  	D. Miscellaneous
		
	Sollte eine Bestimmung dieses Bonusvertrags unwirksam sein oder werden, berührt dies nicht die Wirksamkeit der übrigen Bestimmungen. Die unwirksame Bestimmung wird durch eine wirksame Bestimmung ersetzt, die in ihrer
wirtschaftlichen Wirkung der unwirksamen Bestimmung so nahe wie möglich kommt. Dies gilt auch für eventuelle Regelungslücken.	  	If one of the provisions of this Bonus Agreement should be or become invalid, the remaining provisions shall remain valid. The invalid provision shall be replaced by a valid one which comes as close as possible to the economic
effect of the invalid provision. The same shall apply to any gaps.
		
	Die in dieser Bonusvereinbarung geregelten Ansprüche sind mit Abschluss der Bonusvereinbarung vererblich.	  	The claims that are the subject matter of this Bonus Agreement are inheritable upon execution of the Bonus Agreement.
		
	Diese Bonusvereinbarung untersteht deutschem Recht.	  	This Bonus Agreement is governed by German law.
		
	E. WICHTIGE HINWEISE	  	E. IMPORTANT NOTICES
		
	RISIKO IM ZUSAMMENHANG MIT DER INVESTITION IN TOPCO-AKTIEN	  	RISKS IN CONNECTION WITH INVESTING IN TOPCO SHARES
		
	 Im Zusammenhang mit dem geplanten Börsengang wurde zuletzt am 24. November 2021 ein sog. Registration Statement unter der Form F-4 (der „Prospekt“) bei der US-Wertpapieraufsichtsbehörde, der Securities and Exchange Commission (SEC) eingereicht und von der SEC für wirksam
erklärt worden. Das Dokument ist unter folgendem Link abrufbar: F-4/A (SEC).
  

Weitere Informationen sind zudem in der Investorenpräsentation aus dem Oktober verfügbar, die unter folgendem Link abrufbar ist: 425
(sec.gov).
	  	In connection with the planned IPO, TopCo has filed a registration statement on Form F-4 on November 24, 2021 with the US Securities and Exchange Commission (SEC) and has been declared
effective by the SEC. The document can be downloaded under F-4/A (SEC). Further information can be obtained from the investor presentation from October 2021, which can be downloaded under 425
(sec.gov).
		
	Dem Mitarbeiter wird empfohlen, vor der Entscheidung über die Ausübung des Wahlrechts den Prospekt aufmerksam zu lesen und dabei insbesondere die im Abschnitt „Risikofaktoren“ des Prospekts beschriebenen
Risiken zur Kenntnis zu nehmen und diese Informationen bei seiner Entscheidung zu berücksichtigen.	  	The Employee is advised to carefully read the Prospectus and to take particular note of the risks described in the section “Risk Factors” of the Prospectus and to consider such information when making his decision
before making a decision to exercise his conversion right.

  
 - 7 - 

			
	VORSCHRIFTEN ZUM INSIDER TRADING	  	RULES ON INSIDER TRADING
		
	Der Mitarbeiter wird darauf hingewiesen, dass er trotz der grundsätzlich freien Handelbarkeit der Aktien den allgemein geltenden Handelsbeschränkungen von Aktien vor allem nach dem geltenden US-Wertpapierrecht unterliegt. Diese Regeln untersagen es unter anderem, in Aktien oder sonstigen Wertpapieren zu handeln, wenn der Mitarbeiter zu dem entsprechenden Zeitpunkt über Insiderinformationen
verfügt. Bestimmte Mitarbeiter (z.B. Mitglieder des zukünftigen Disclosure Committees) können darüber hinaus weiteren Handelsbeschränkungen wie Black Out Periods und Vorabgenehmigungserfordernissen unterliegen, die in der
Insider Trading Policy der Gesellschaft festgelegt sind. Diese Beschränkungen werden in der Insider Trading Policy der Gesellschaft beschrieben sein, die den Mitarbeitern in Kürze zur Verfügung gestellt werden wird. Der
gegenwärtige Stand der Insider Trading Policy ist dieser Bonusvereinbarung als Anhang 2 beigefügt.	  	The Employee is advised that, despite of the fact that the shares are generally freely tradable, they are subject to the general trading restrictions, especially under the applicable US securities law. These rules prohibit,
among other things, trading in shares or other securities if the Employee is in possession of material nonpublic information at the time of the envisaged trade. Certain employees (e.g. members of the future Disclosure Committee) may also be subject
to further trading restrictions such as black-out periods and prior approval requirements as set forth in TopCo’s Insider Trading Policy. These restrictions will be described in the Company’s Insider
Trading Policy, which will be made available to the employees shortly. The current draft of the Insider Trading Policy is attached to this Bonus Agreement as Appendix 2.
		
	VERSTOSS GEGEN WERTPAPIERRECHT	  	VIOLATION OF SECURITIES LAWS
		
	Wenn die SSU-Gesellschaften zu irgendeinem Zeitpunkt vernünftigerweise feststellen, dass die Ausgabe frei handelbarer Aktien gegen geltende Wertpapiergesetze verstoßen würde,
sind sie nicht verpflichtet, diese Aktien auszugeben oder können dies erst zu einem späteren Zeitpunkt als in diesem Angebot vorgesehen, tun. Die SSU-Gesellschaften können jede Bestimmung dieses
Angebots oder eine eigene Klage für nichtig erklären, wenn sie feststellen, dass die Bestimmung oder Klage nicht den Short-Swing-Handelsregeln entspricht. Als Bedingung für die Ausgabe können die
SSU-Unternehmen vom Mitarbeiter verlangen, schriftliche Erklärungen abzugeben, die sie für notwendig oder wünschenswert erachten, um die geltenden Wertpapiergesetze einzuhalten.	  	If at any time the SSU Companies reasonably determine that issuing freely tradable shares would violate applicable securities laws, they will not be required to issue such shares or may do so only at a later date as envisaged
herein. The SSU Companies may declare any provision of this Offer or action of its own null and void, if they determine the provision or action fails to comply with the short-swing trading rules. As a condition to issuance, the SSU Companies may
require the Employee to make written representations they deem necessary or desirable to comply with applicable securities laws.
		
	Die Rechte des Mitarbeiters unter dieser Bonusvereinbarung bleiben hiervon unberührt.	  	The rights of the Employee under this Bonus Agreement remain unaffected thereby.

  
 - 8 - 

			
		
	
                          
                              

[Name of employee]
	  	 SIGNA Sports United GmbH (auch in ihrer Eigenschaft als Alleingesellschafter der Internetstores Holding GmbH)

 

                          
                                         
 
 Stephan Zoll
  

                          
                                         
 
 Philipp Rossner

		
		  	 SIGNA Sports United B.V.
  

                          
                                         
 
 Stephan Zoll

  
 - 9 - 

 Appendix 1 

Ausübungserklärung 
 An/To:

 SIGNA Sports United GmbH 
 z.Hd. von Frau Dorit
Schindler 
 Kantstrasse 164, Upper West 
 10623 Berlin 

 

			
	Ich,	  	I
	
	[Name]
		
	erkläre hiermit, einen Bonusbetrag in Höhe von	  	hereby declare to convert a bonus payment in the amount of
		
	EUR ______________	  	EUR _____________
		
	in die Gewährung von Aktien der SIGNA Sports United B.V. nach Maßgabe der Bestimmungen der Bonusvereinbarung zwischen mir, der SIGNA Sports United GmbH und der SIGNA Sports United B.V. vom 29. November 2021
umzuwandeln.	  	into the delivery of shares in SIGNA Sports United B.V. in accordance with, and subject to, the provisions of the bonus agreement between myself, SIGNA Sports United GmbH and SIGNA Sports United B.V. dated November 29,
2021.
	
	
                       
                                     

Ort, Datum/Place/Date
  

                       
                                     

[Name]

  
 - 10 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]