Document:

EX-10.9

 Exhibit 10.9 

OUTSET MEDICAL, INC. 

AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 

Dated as of January 27, 2020 

 INDEX OF DEFINED TERMS 

 

					
	 2003 Stockholders Agreement
	  	 	Section 6(e)(i)	 
	 Affiliate
	  	 	Section 5(a)	 
	 Agreement
	  	 	Preamble	 
	 Board
	  	 	Recitals	 
	 Business Day
	  	 	Section 5(a)	 
	 Certificate of Incorporation
	  	 	Section 5(a)	 
	 Common Stock
	  	 	Section 5(a)	 
	 Common Stockholders Agreement
	  	 	Section 6(e)(i)	 
	 Company
	  	 	Preamble	 
	 Competitor
	  	 	Section 5(a)	 
	 Deemed Liquidation Event
	  	 	Section 5(a)	 
	 Drag-Along Notice
	  	 	Section 3(d)(iii)	 
	 Drag-Along Right
	  	 	Section 3(d)(i)	 
	 Encumbrance
	  	 	Section 5(a)	 
	 equity securities
	  	 	Section 3(e)(i)	 
	 Exchange Act
	  	 	Section 5(a)	 
	 Exercise Notice
	  	 	Section 3(b)(vi)(A)	 
	 Fidelity
	  	 	Section 2(e)	 
	 Fidelity Observer
	  	 	Section 2(e)	 
	 Fully Diluted Basis
	  	 	Section 5(a)	 
	 Granted Equity Shares
	  	 	Section 5(a)	 
	 Initial Public Offering
	  	 	Section 1(a)(iii)	 
	 Institutional Investors
	  	 	Preamble	 
	 Investment Fund
	  	 	Section 5(a)	 
	 Investor
	  	 	Preamble	 
	 Investors
	  	 	Preamble	 
	 Joinder Agreement
	  	 	Section 1(b)	 
	 Majority Holders
	  	 	Section 3(d)(i)	 
	 Majority Institutional Investors
	  	 	Section 5(a)	 
	 Majority Other Investors
	  	 	Section 5(a)	 
	 Mutual Fund Investor
	  	 	Section 5(a)	 
	 Other Investors
	  	 	Preamble	 
	 Owns, Own, Owning or Owned
	  	 	Section 5(a)	 
	 Per Share Drag-Along Purchase Price
	  	 	Section 3(d)(i)	 
	 Permitted Transferee
	  	 	Section 5(a)	 
	 Person
	  	 	Section 5(a)	 
	 Preferred Stock
	  	 	Section 5(a)	 
	 Prior Investors
	  	 	Recitals	 
	 Prior Stockholders Agreement
	  	 	Recitals	 
	 Proposed Securities
	  	 	Section 3(e)(i)(A)	 
	 Proposed Transferee
	  	 	Section 3(d)(i)	 
	 Purchased Equity Shares
	  	 	Section 5(a)	 
	 Qualified Public Offering
	  	 	Section 5(a)	 
	 Qualified Purchaser
	  	 	Section 5(a)	 
	 Qualified Transfer
	  	 	Section 3(b)(vi)(B)	 

					
	 Qualified Transfer Exercise Notice
	  	 	Section 3(b)(vi)(B)	 
	 Qualified Transfer ROFR
	  	 	Section 3(b)(vi)(B)	 
	 Qualified Transfer ROFR Investor
	  	 	Section 3(b)(vi)(B)	 
	 Qualified Transfer ROFR Notice
	  	 	Section 3(b)(vi)(B)	 
	 Qualified Transfer ROFR Shares
	  	 	Section 3(b)(vi)(B)	 
	 Registration Rights Agreement
	  	 	Section 5(a)	 
	 Released Securities
	  	 	Section 6(p)	 
	 Right
	  	 	Section 6(e)(i)	 
	 Rights
	  	 	Section 6(e)(i)	 
	 ROFR
	  	 	Section 3(b)(vi)(A)	 
	 ROFR Investor
	  	 	Section 3(b)(vi)(A)	 
	 ROFR Notice
	  	 	Section 3(b)(vi)(A)	 
	 ROFR Shares
	  	 	Section 3(b)(vi)(A)	 
	 SEC
	  	 	Section 5(a)	 
	 Securities Act
	  	 	Section 5(a)	 
	 Series A Preferred Stock
	  	 	Section 5(a)	 
	 Series A Securities Purchase Agreement
	  	 	Section 5(a)	 
	 Series B Preferred Stock
	  	 	Section 5(a)	 
	 Series B Securities Purchase Agreement
	  	 	Section 5(a)	 
	 Series C Preferred Stock
	  	 	Section 5(a)	 
	 Series C Securities Purchase Agreement
	  	 	Section 5(a)	 
	 Series D Preferred Stock
	  	 	Recitals	 
	 Series E Securities Purchase Agreement
	  	 	Recitals	 
	 Securities Purchase Agreements
	  	 	Section 5(a)	 
	 Security, Securities
	  	 	Section 5(a)	 
	 Series A Director
	  	 	Section 2(a)(i)	 
	 Series D Director
	  	 	Section 2(a)(i)	 
	 Share Equivalent
	  	 	Section 5(a)	 
	 Shares
	  	 	Section 1(a)(i)	 
	 Stock Sale
	  	 	Section 3(c)	 
	 Subscription Right Investor
	  	 	Section 3(e)(i)	 
	 Substitute Director
	  	 	Section 2(b)	 
	 Transfer
	  	 	Section 5(a)	 
	 Transferring Investor
	  	 	Section 3(b)(i)	 
	 T. Rowe Price
	  	 	Section 2(f)	 
	 T. Rowe Price Observer
	  	 	Section 2(f)	 
	 Vertical Funds
	  	 	Section 5(a)	 
	 Warburg Pincus
	  	 	Section 1(b)	 
	 Warburg Pincus Director
	  	 	Section 2(a)(i)	 
	 Warburg Pincus Observer
	  	 	Section 2(d)	 
	 Withdrawing Director
	  	 	Section 2(b)	 
	 WP X Funds
	  	 	Section 1(b)	 

  

  
 2 

 OUTSET MEDICAL, INC. 

AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 

This Amended and Restated Stockholders Agreement (this “Agreement”) is dated as of this 27th day of January, 2020
and entered into by and among the institutional investors listed on Schedule I hereto (the “Institutional Investors”); the individuals whose names and addresses appear from time to time on Schedule II hereto (the
“Other Investors”); the individuals whose names and addresses appear from time to time on Schedule IV hereto (the “Key Common Holders”); and OUTSET MEDICAL,
INC., a Delaware corporation (the “Company”). The Institutional Investors and the Other Investors are hereinafter each referred to as an “Investor” and
collectively referred to as the “Investors”. 
 RECITALS 

WHEREAS, the Company and certain of the Investors (the “Prior Investors”) have previously entered into an Amended and
Restated Stockholders Agreement dated as of August 20, 2018 (the “Prior Stockholders Agreement”); 
 WHEREAS,
in order to induce certain of the Investors (the “Series E Investors”) to purchase shares of Series E Convertible Preferred Stock of the Company, par value $0.001 per share (the
“Series E Preferred Stock”), pursuant to that certain Series E Preferred Stock Purchase Agreement of even date herewith (as the same may be amended from time to time, the
“Series E Securities Purchase Agreement”), the Company and the Majority Institutional Investors hereby agree to amend and restate the Prior Stockholders Agreement to add the Series E
Investors as parties to this Agreement and make certain other changes; and 
 WHEREAS, the Board of Directors of the Company (the
“Board”) has determined that it is in the best interests of the Company that the Company enter into this Agreement. 

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

 

	1.	 COVENANTS OF THE PARTIES 

(a)    Legends. 

(i)    The certificates evidencing (x) the Purchased Equity Shares and Granted Equity Shares (together with any
Share Equivalents and any shares of capital stock of the Company issued with respect to such Purchased Equity Shares or Granted Equity Shares by way of a stock dividend or distribution payable thereon (including, without limitation, any shares of
Common Stock issued pursuant to Section 1.6 of Part B of Article IV of the Certificate of Incorporation as payment for the Accrued Dividends (as defined therein)) or stock split, reverse stock split, recapitalization, reclassification,
reorganization, exchange, subdivision or combination thereof, the “Shares”) Owned by the Investors or (y) shares of Common Stock (the “Common Shares”) 

 
Owned by the Key Common Holders will bear substantially the following legend reflecting the restrictions on the Transfer of such securities contained in this Agreement: 

“THE SECURITIES EVIDENCED HEREBY ARE SUBJECT TO THE TERMS OF THAT CERTAIN AMENDED AND RESTATED STOCKHOLDERS AGREEMENT (AS AMENDED FROM
TIME TO TIME) BY AND AMONG OUTSET MEDICAL, INC. AND CERTAIN INVESTORS IDENTIFIED THEREIN, INCLUDING CERTAIN RESTRICTIONS ON TRANSFER. A COPY OF THIS AGREEMENT HAS BEEN FILED WITH THE SECRETARY OF OUTSET MEDICAL, INC. AND IS AVAILABLE UPON
REQUEST.” 
 (ii)    If any certificates representing any Shares held by an Investor or Common Shares
held by a Key Common Holder do not bear substantially the foregoing legend, such Investor or such Key Holder, as applicable, shall, as promptly as practicable after the date hereof, deliver all such certificates to the Company to enable the Company
to place such legend on such certificates. 
 (iii)    In the event that the restrictive legend set forth in
Section 1(a)(i) above has ceased to be applicable to the Shares held by an Investor or the Common Shares held by a Key Common Holder, the Company shall provide such Investor or such Key Holder, as applicable, or his, her or
its Transferee(s), at his, her or its request, with new certificates for such Shares or Common Shares, as applicable, not bearing the legend with respect to which the restriction has ceased and terminated. In connection with and following the
Company’s initial registered offering of Common Stock of the Company or its successor to the public (the “Initial Public Offering”), if an Investor Transfers Shares in accordance with this Agreement (other than to
Permitted Transferees), with respect to only the securities being Transferred, the Company shall provide such Investor, or his, her or its Transferee(s), at his, her or its request, with new certificates for such Shares being Transferred not bearing
the legend with respect to which the restriction has ceased and terminated. 
 (b)    Additional Investors and
Key Common Holders. The parties hereto acknowledge that certain Persons, including, without limitation, directors, employees and consultants of the Company and its Affiliates and their Permitted Transferees, may become stockholders of the
Company or holders of Share Equivalents after the date hereof. Except with respect to Transfers made pursuant to Section 3, as a condition to the issuance of shares of capital stock of the Company to them (including Share
Equivalents), the Company may require such Persons to execute and deliver (i) an agreement in writing to be bound by the terms and conditions of this Agreement pursuant to a Joinder Agreement substantially in the form attached as
Exhibit A hereto (a “Joinder Agreement”) or (ii) an agreement reasonably satisfactory to Warburg Pincus Private Equity X, L.P., Warburg Pincus X Partners, L.P. and WP X Finance, L.P.
(collectively the “WP X Funds”, and together with any successors and affiliated funds, including Permitted Transferees, “Warburg Pincus”) containing restrictions substantially similar to those
applicable to the Other Investors; provided, however, unless the consent of the WP X Funds is obtained, any such Persons shall not have the subscription rights contemplated by Section 3(e) herein; provided
further, however, that if such Person is only receiving Granted Equity Shares, unless required by the Board, such Person shall not be required to become a party to this Agreement. With respect to any such Person required to become a party to
this Agreement who is a director, employee or consultant of the Company, such Person shall be, and such Joinder Agreement or other agreement shall provide that such Person be, for purposes hereof, an Other Investor; provided, however,

  
 2 

 
unless the consent of the WP X Funds is obtained, any such Person shall not have the subscription rights contemplated by Section 3(e) herein. With respect to any such
Person required to become a party to this Agreement who is not a director, employee or consultant of the Company, such Person shall be, and such Joinder Agreement or other agreement shall provide that such Person be, for purposes hereof, an
Institutional Investor, Key Common Holder or an Other Investor, as determined by the Board with the written consent of the WP X Funds. 

(c)    Financial Reports and Other Information. 

(i)    For so long as (i) an Institutional Investor (other than the Vertical Funds, D1 and their respective
Affiliates), together with such Institutional Investor’s Affiliates, Owns Shares representing more than seven percent (7%) of the outstanding shares of Common Stock on a Fully Diluted Basis, (ii) a Mutual Fund Investor Owns any Shares,
(iii) the Vertical Funds and their Affiliates Own any Shares, or (iv) D1 and its Affiliates collectively Own more than 50% of the Series E Shares purchased by D1 at the first closing (as adjusted for any stock split, dividend,
recapitalization or the like), the Company shall provide to such Institutional Investor or Mutual Fund Investor the following: 

(A)    Quarterly Statements. As promptly as practical after they are provided to the Board, but in any
event within sixty (60) days after the end of each of the first three (3) quarters of each fiscal year of the Company the unaudited quarterly financial statements of the Company and its subsidiaries, along with the then current
capitalization table; 
 (B)    Annual Audit. As promptly as practical after they are provided to the
Board, but in any event no later than June 30th of the following fiscal year of the Company, audited annual financial statements of the Company and its subsidiaries, along with the then current capitalization table; 

(C)    Annual Budget. As promptly as practical after it is approved by the Board, a copy of the annual
budget of the Company and its subsidiaries for the next fiscal year; 
 (D)    Audit Reports. Promptly
following receipt thereof, one copy of each audit report submitted to the Company by its independent accountants in connection with any annual (provided, however, the audit report of the Company’s independent accountants in
connection with the annual audit must be submitted along with the applicable audited financial statements), interim or special audit made by them of the books of the Company and its subsidiaries; 

(E)    Reports to Stockholders and Creditors. As promptly as practical after it is provided to the
Company’s stockholders or lenders, any material report that is provided to such stockholders or lenders; 

(F)    Capitalization Changes. As promptly as practical after the number of shares of Common Stock
outstanding on a Fully Diluted Basis increases or decreases by more than one percent (1%), an updated capitalization table reflecting such changes; and 

  
 3 

 (G)    Requested Information. As promptly as practical,
such other data and information as from time to time may be reasonably requested by such Institutional Investor or Mutual Fund Investor. 

(ii)    Notwithstanding the foregoing, the Company shall have no obligation to provide the information required
pursuant to this Section 1(c) to an Institutional Investor or Mutual Fund Investor to the extent that such Institutional Investor or Mutual Fund Investor and/or one of its Affiliates is a member of the Board or an employee
of the Company and otherwise has access to such information. Notwithstanding anything else in this Section 1(c) to the contrary, the Company may cease providing the information set forth in this
Section 1(c) during the period starting with the date sixty (60) days before the Company’s good-faith estimate of the date of filing of a registration statement in connection with its Initial Public Offering if it
reasonably concludes it must do so to comply with the SEC rules applicable to such registration statement and related offering; provided that the Company’s covenants under this Section 1(c) shall be reinstated at such
time as the Company is no longer actively employing its commercially reasonable efforts to cause such registration statement to become effective. 

(d)    Inspection Rights. From and after the date hereof and for so long as (i) an Institutional
Investor (other than the Vertical Funds, D1 and their respective Affiliates), together with its Affiliates, Owns at least seven percent (7%) of the outstanding Common Stock on a Fully Diluted Basis, (ii) a Mutual Fund Investor Owns any Shares,
(iii) the Vertical Funds and their Affiliates Own any Shares, or (iv) D1 and its Affiliates collectively Own more than 50% of the Series E Shares purchased by D1 at the first closing (as adjusted for any stock split, dividend,
recapitalization or the like), the Company will permit such Institutional Investor or Mutual Fund Investor and its nominees, assignees and representatives to, upon 48 hours advance notice, visit and inspect any of the properties of the Company and
its subsidiaries, to examine all its books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss its affairs, finances and accounts with its officers, directors, key employees and independent public
accountants or any of them (and by this provision the Company authorizes said accountants to discuss with such Institutional Investor or Mutual Fund Investor and its nominees, permitted assigns and representatives the finances and affairs of the
Company and its subsidiaries), all at such reasonable times and as often as may be reasonably requested. The inspection rights in this Section 1(d) shall expire with respect to the Vertical Funds and their Affiliates upon
completion of an Initial Public Offering. 
 (e)    CFIUS. Mubadala and each of the other Investors and
the Company and their respective affiliates and directors, officers, agents, and advisers agree to pursue no remedy against the other parties with respect to any claims and any damages to such parties that may result, directly or indirectly, after
the date hereof, arising out of or relating to: (i) the decision not to make any filing pursuant to an applicable U.S. federal, state or local foreign investment law, regulation or order, including Section 721 of the Defense Production Act
of 1950, as amended, including the implementing regulations thereof (“Foreign Investment Law of the U.S.”), or (ii) any inquiry, action, decision or order by a U.S. governmental authority pursuant to a Foreign
Investment Law of the U.S., in each case, relating in any manner whatsoever to the Company or its businesses. 

  
 4 

	2.	 BOARD OF DIRECTORS. 

(a)    Election of Directors. 

(i)    As of the date hereof, the Board will consist of Scott Bartos, D. Keith Grossman, Thomas J. Carella, Leslie
Trigg, Rohit Vishnoi, Patrick Hackett and Camilla Macapili Languille. From and after the date hereof, the Investors, Key Common Holders and the Company shall take all reasonable action within their respective power, including, but not limited to,
the voting of (or acting by written consent with respect to) all shares of capital stock of the Company Owned by them (including the Shares and the Common Shares), required to cause the authorized size of the Board to be seven (7) members or
such other number as the Board may from time to time establish (subject to any additional approvals required by the Certificate of Incorporation), and at all times throughout the term of this Agreement to include: 

(A)    as the directors elected by the holders of a majority of the outstanding shares of Preferred Stock (on an as-converted to Common Stock basis) pursuant to Section 3.2 of Part B of Article IV of the Certificate of Incorporation: (A) as long as Warburg Pincus and its Affiliates collectively hold shares of
Common Stock and Preferred Stock representing, in the aggregate, at least twenty percent (20%) of the then total outstanding shares of Common Stock and Preferred Stock (on an as-converted to Common Stock
basis), three (3) representatives designated by Warburg Pincus, two (2) of whom shall initially be Thomas J. Carella and Patrick Hackett (each, a “Warburg Pincus Director”), and one of (1) whom shall be a
person who (x) is not an employee of Warburg Pincus or any of its Affiliates and (y) is Independent (as defined below), who shall initially be Scott Bartos (the “Non-Employee Warburg
Pincus Director”), provided that the Investors, the Key Common Holders and the Company shall take all reasonable action within their respective power to ensure that the Non-Employee Warburg
Director is the Chair of the Audit Committee of the Board; (B) as long as Warburg Pincus and its Affiliates collectively hold shares of Common Stock and Preferred Stock representing, in the aggregate, at least ten percent (10%) of the then
total outstanding shares of Common Stock and Preferred Stock (on an as-converted to Common Stock basis) but less than twenty percent (20%) of the then total outstanding shares of Common Stock and Preferred
Stock (on an as-converted to Common Stock basis), two (2) representatives designated by Warburg Pincus, each of whom shall be Warburg Pincus Directors; and (C) as long as Warburg Pincus and its
Affiliates collectively hold shares of Common Stock and Preferred Stock representing, in the aggregate, less than ten percent (10%) of the then total outstanding shares of Common Stock and Preferred Stock (on an
as-converted to Common Stock basis) (but at least one share of the Company), one (1) representative designated by Warburg Pincus, who shall be a Warburg Pincus Director; 

(B)    as the director elected by the holders of Series D Preferred Stock, as long as Mubadala and its
Affiliates Owns Shares representing at least seven percent (7%) of the outstanding shares of Common Stock on a Fully Diluted Basis, one (1) representative who shall be designated by Mubadala (the “Mubadala Director”),
who shall initially be Camilla Macapili Languille; and 
 (C)    as the directors elected by the holders of the
Preferred Stock and Common Stock, voting together as a single class on an as-converted basis, (A) one (1) representative who shall be the Company’s then current Chief Executive Officer, who
shall 

  
 5 

 
initially be Leslie Trigg (the “CEO Director”), provided, that if for any reason the CEO Director shall cease to serve as the Chief Executive Officer of the
Company, the Investors, the Key Common Holders and the Company shall take all reasonable action within their respective power (a) to remove the former Chief Executive Officer of the Company from the Board if such person has not resigned as a
member of the Board, and (b) to elect such person’s replacement as Chief Executive Officer of the Company as the new CEO Director; and (B) two (2) representatives who shall be Independent, each of whom shall be designated by a
majority of the other sitting directors (which majority must include at least one Warburg Pincus Director), who shall initially be D. Keith Grossman and Rohit Vishnoi; provided, that one of the Independent Directors (as defined below) shall
also be the Chair of the Board; and provided, further, that, notwithstanding anything to the contrary provided herein, (y) as long as Warburg Pincus is entitled to designate only two Warburg Pincus Directors and not a Non-Employee Warburg Pincus Director, the number of directors elected in accordance with this Section 2(a)(i)(C)(B) shall be three (3), each of whom shall be Independent and designated by a majority of the
other sitting directors, one of whom will be the Chair of the Board and one of whom will be the Chair of the Audit Committee of the Board, and (z) as long as Warburg Pincus is entitled to designate only one Warburg Pincus Director and not a Non-Employee Warburg Pincus Director, the number of directors elected in accordance with this Section 2(a)(i)(C)(B) shall be four (4), each of whom shall be Independent and designated by a majority of the other
sitting directors, one of whom will be the Chair of the Board and one of whom will be the Chair of the Audit Committee of the Board (the “Independent Directors”). 

Each Warburg Pincus Director and the Non-Employee Warburg Pincus Director shall be a
“Series A Director” for the purposes of the Certificate of Incorporation and the Mubadala Director shall be the “Series D Director” for
the purposes of the Certificate of Incorporation. For purposes of this Section 2(a)(i), “Independent” shall mean a person other than (a) an executive officer or employee of the Company or any
Key Holder (as defined below) or any Affiliate of a Key Holder, (b) any Affiliate of a Key Holder or (c) any other individual having a relationship with either the Company or any Key Holder which would interfere with the exercise of
independent judgement in carrying out the responsibilities of a director (as determined in good faith by the Board). Notwithstanding the foregoing definition, the following persons shall not be considered Independent: (A) a person who is, or at
any time during the past three years was or currently is, employed by the Company or any Key Holder; (B) a person who accepted or who has a Family Member (as defined below) who accepted any compensation from the Company or any Key Holder in
excess of $100,000 during any period of twelve consecutive months within the three years preceding the determination of independence; (C) a person who is a Family Member of an individual who is, or at any time during the past three years was,
employed by the Company or any Key Holder as an executive officer of is an Affiliate of a Key Holder; or (D) a person who is, or has a Family Member who is, a partner in, or a controlling shareholder or an executive officer of, any organization
to which the Company or any Key Holder made, or from which the Company of any Key Holder received, payments for property or services in the current or any of the past three fiscal years that exceed 5% of the recipient’s consolidated gross
revenues for that year, or $200,000, whichever is more, other than the following: (i) payments arising solely from investments in the Company’s securities; or (ii) payments under
non-discretionary charitable contribution matching programs. A “Family Member” of a Person shall mean a spouse; natural or adoptive parent, child or sibling; stepparent, stepchild,
stepbrother or stepsister; father-, mother-, daughter-, son-, brother-, or sister-in-law; aunt or uncle; grandparent or
grandchild; or the spouse of a grandparent or grandchild. For the purposes of the definition of “Independent”, the 

  
 6 

 
“Company” shall include any direct or indirect subsidiaries or parent entity of, or any other entity controlled by or under common control with, the Company. For the purposes of this
Section 2(a)(i), “Key Holder” shall mean any Person who Owns Shares or Common Shares representing two percent (2%) or more of the outstanding Common Stock on a Fully Diluted Basis. 

(ii)    From the date on which the Company completes an Initial Public Offering, and for as long as Warburg Pincus
and/or Mubadala, and their respective Affiliates own at least five percent (5%) and seven percent (7%), respectively, of the issued and outstanding Common Stock, the Company will nominate and use its best efforts (including, without limitation,
soliciting proxies for each of the Warburg Pincus and Mubadala designees to the same extent as it does for any of its other nominees to the Board) to have (i) such number of individuals designated by Warburg Pincus and its Affiliates elected to
the Board so that the number of individuals designated by Warburg Pincus and its Affiliates for election to the Board as compared to the size of the Board is proportionate to the number of Shares of issued and outstanding Common Stock then Owned by
Warburg Pincus and its Affiliates as compared to the number of Shares of issued and outstanding Common Stock at such time, and (ii) one (1) individual designated by Mubadala elected to the Board; provided, however, that as
long as Warburg Pincus and its Affiliates own at least five percent (5%) of the issued and outstanding Common Stock, Warburg Pincus shall have the right to designate at least one (1) individual for election to the Board. Following the Initial
Public Offering, for as long as Warburg Pincus is entitled to appoint one or more persons to the Board, the Board, or a committee thereof consisting of non-employee directors (as such term is defined for
purposes of Rule 16b-3 under the Exchange Act), shall, if requested by Warburg Pincus, and to the extent then permitted under applicable law, adopt resolutions and otherwise use reasonable efforts
(without material cost to the Company) to cause any acquisition from the Company of securities or disposition of securities to the Company (including in connection with any exercise of warrants or other derivative securities held by Warburg Pincus
or their Affiliates) to be exempt under Rule 16b-3 under the Exchange Act. 

(b)    Replacement Directors. In the event that any Warburg Pincus Director,
Non-Employee Warburg Pincus Director or Mubadala Director, as applicable, designated in the manner set forth in Section 2(a) hereof is unable to serve, or once having commenced to
serve, is removed or withdraws from the Board (a “Withdrawing Director”), such Withdrawing Director’s replacement (the “Substitute Director”) will be designated by Warburg Pincus or Mubadala, as
applicable, so long as they continue to have the right to appoint a director under Section 2(a); provided that any such replacement Non-Employee Warburg Pincus Director shall
(a) not be an employee of Warburg Pincus or any of its Affiliates, (b) be Independent (as defined below) and (z) be the Chair of the Audit Committee of the Board. In the event that any Independent Director serving on the Board is
unable to serve, or once having commenced to serve, is removed or withdraws from the Board, such former Independent Director’s replacement will be designated by and meet the same criteria as set forth in Section 2(a)(i)(C)(B). The
Investors, the Key Common Holders and the Company agree to take all action within their respective power, including but not limited to, the voting of (or acting by written consent with respect to) all capital stock of the Company Owned by them
(i) to cause the election of such Substitute Director or such replacement Independent Director promptly following his or her nomination pursuant to this Section 2(b) and (ii) upon the written request of Warburg
Pincus (with respect to the Warburg Pincus Director and the Non-Employee Warburg Pincus Director only), Mubadala (with respect to the Mubadala Director only) or the holders of a majority of the Preferred Stock
and Common Stock, voting 

  
 7 

 
together as a single class on an as-converted basis (with respect to any Independent Director only), as applicable, to remove, with or without cause, any
Warburg Pincus Director, the Non- Employee Warburg Pincus Director, the Mubadala Director or any Independent Director, as applicable. 

(c)    Committees of the Board. In the event that the Board establishes any committee thereof, (i) so
long as Warburg Pincus is entitled to designate the Warburg Pincus Directors pursuant to this Agreement, a majority of the members of such committee shall be appointed by the Warburg Pincus Directors unless prohibited by law or applicable rules or
regulations of any stock exchange or automated dealer quotation system on which the Common Stock is listed, excluding any committee formed to consider a transaction between Warburg Pincus and the Company, and (ii) so long as Mubadala is
entitled to designate the Mubadala Director pursuant to this Agreement, such Mubadala Director shall be entitled to be a member of any committees of the Board unless prohibited by law or applicable rules or regulations of any stock exchange or
automated dealer quotation system on which the Common Stock is listed, excluding any committee formed to consider a transaction between Mubadala and the Company. 

(d)    Warburg Pincus Observer Rights. From and after the date hereof and for so long as Warburg Pincus and
its Affiliates Own at least five percent (5%) of the outstanding Common Stock on a Fully Diluted Basis, Warburg Pincus shall have the right to designate one (1) representative (the “Warburg Pincus Observer”) to attend
and observe all meetings of the Board and any committees thereof (excluding any committee formed to consider a transaction between Warburg Pincus and the Company). The Warburg Pincus Observer shall be given notice of (in the same manner that notice
is given to other members of the Board) all meetings (whether in person, telephonic or otherwise) of the Board, including all committee meetings. The Warburg Pincus Observer shall receive a copy of all notices, agendas and other material information
distributed to the Board and any committees thereof (excluding any committee formed to consider a transaction between Warburg Pincus and the Company), whether provided to directors in advance or, during or after any meeting, regardless of whether
the Warburg Pincus Observer shall be in attendance at the meeting. Notwithstanding anything to the contrary, such Warburg Pincus Observer shall agree to hold in confidence and trust all information so provided under this section; and provided
further, that the Company reserves the right to withhold any information and to exclude such Warburg Pincus Observer from any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the
attorney-client privilege between the Company and its counsel or result in disclosure of trade secrets or a conflict of interest, in each case as determined by the Board in good faith. 

(e)    Fidelity Observer Rights. From and after the date hereof until the earlier of the date (i) the
Company completes an Initial Public Offering or (ii) Fidelity Management & Research Company (“Fidelity”) and its Affiliates Own less than five percent (5%) of the outstanding Common Stock on a Fully Diluted
Basis, Fidelity shall have the right to designate one (1) representative (the “Fidelity Observer”) to attend and observe all meetings of the Board and any committees thereof (excluding any committee formed to consider a
transaction between Fidelity and the Company). The Fidelity Observer shall be given notice of (in the same manner that notice is given to other members of the Board) all meetings (whether in person, telephonic or otherwise) of the Board, including
all committee meetings. The Fidelity Observer shall receive a copy of all notices, agendas and other material information distributed to the Board and any committees thereof (excluding any committee formed to consider a transaction between Fidelity

  
 8 

 
and the Company) at the same time as distributed to the Board or such committee, whether provided to directors in advance or, during or after any meeting, regardless of whether the Fidelity
Observer shall be in attendance at the meeting. Regardless of whether Fidelity has observer rights pursuant to this Section 2(e), the Company shall promptly respond in a manner that is materially accurate, and shall use
commercially reasonable efforts to cause its transfer agent to promptly respond in a manner that is materially accurate to all requests for information made on behalf of any Fidelity fund or account relating to (a) accounting or securities law
matters required in connection with its audit or (b) the actual holdings of the Fidelity funds or accounts, including in relation to the total outstanding shares; provided however, that the Company shall not be obligated to provide any such
information that could reasonably result in a violation of applicable law or conflict with the Company’s insider trading policy or a confidentiality obligation of the Company. Notwithstanding anything to the contrary, all information provided
to the Fidelity Observer under this section shall be subject to Section 3.05 of the Registration Rights Agreement; and provided further, that the Company reserves the right to withhold any information and to exclude such Fidelity Observer from
any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the attorney-client privilege between the Company and its counsel or result in disclosure of trade secrets or a conflict of interest,
in each case as determined by the Board in good faith. These rights shall expire once no Fidelity fund or account holds any securities of the Company that are restricted under the Securities Act of 1933, as amended. 

(f)    T. Rowe Price Observer And Other Rights. 

(i)    From and after the date hereof until the earlier of the date (i) the Company completes an Initial Public
Offering or (ii) the T. Rowe Price Investors own, collectively, less than five percent (5%) of the outstanding Common Stock on a Fully Diluted Basis, the T. Rowe Price Investors shall have the right to designate one (1) representative (the
“T. Rowe Price Observer”) to attend and observe all meetings of the Board and any committees thereof (excluding any committee formed to consider a transaction between T. Rowe Price or any T. Rowe Price Investor and the
Company). The T. Rowe Price Observer shall be given notice of (in the same manner that notice is given to other members of the Board) all meetings (whether in person, telephonic or otherwise) of the Board, including all committee meetings. The T.
Rowe Price Observer shall receive a copy of all notices, agendas and other material information distributed to the Board and any committees thereof (excluding any committee formed to consider a transaction between T. Rowe Price or any T. Rowe Price
Investor and the Company) at the same time as distributed to the Board or such committee, whether provided to directors in advance or, during or after any meeting, regardless of whether the T. Rowe Price Observer shall be in attendance at the
meeting. Notwithstanding anything to the contrary, all information provided to the T. Rowe Price Observer under this section shall be subject to Section 3.05 of the Registration Rights Agreement; and provided further, that the Company reserves
the right to withhold any information and to exclude such T. Rowe Price Observer from any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the attorney-client privilege between the Company
and its counsel or result in disclosure of trade secrets or a conflict of interest, in each case as determined by the Board in good faith. 

(ii)    Regardless of whether T. Rowe Price Investors have observer rights pursuant to
Section 2(f)(i) above, the Company shall promptly respond in a manner that is materially accurate, and shall use commercially reasonable efforts to cause its transfer agent to

  
 9 

 
promptly respond in a manner that is materially accurate, to all requests for information made on behalf of any T. Rowe Price Investor relating to (a) accounting or securities law matters
required in connection with its audit or (b) the actual holdings of such T. Rowe Price Investor, including in relation to the total outstanding shares; provided however, that the Company shall not be obligated to provide any such information
that could reasonably result in a violation of applicable law or conflict with the Company’s insider trading policy or a confidentiality obligation of the Company. On or prior to the effectiveness of the Initial Public Offering, the Company
shall provide each T. Rowe Price Investor written confirmation of its equity holdings in the Company (on an as-converted basis). The Company understands and acknowledges that in the regular course of a T. Rowe
Price Investor’s business, such T. Rowe Price Investor may invest in companies, other than the Company, that have issued securities that are publicly traded (each, a “Public Company”). Accordingly, the Company covenants
and agrees that before providing material non-public information about a Public Company (“Public Company Information”) to a T. Rowe Price Investor, the Company will provide prior
written notice to the following compliance personnel at such T. Rowe Price Investor describing such information in reasonable detail: Ellen York, Vice President, ellen.york@troweprice.com, 410-345-4676 or in her absence to Sneha Parmar, Assistant Vice President, sneha.parmar@troweprice.com, 410-577- 8644. The
Company shall not disclose Public Company Information to any T. Rowe Price Investor without written authorization from the applicable compliance personnel listed above, provided, however, that, the Company will be permitted to disclose
agreements entered into with Public Companies in the ordinary course of business, such as routine customer, supplier, advertising and publishing agreements without such written authorization. 

(g)    Mubadala Observer Rights. From and after the date hereof and for so long as Mubadala and its
Affiliates Own at least five percent (5%) of the outstanding Common Stock on a Fully Diluted Basis, Mubadala shall have the right to designate one (1) representative (the “Mubadala Observer”) to attend and observe all
meetings of the Board and any committees thereof (excluding any committee formed to consider a transaction between Mubadala and the Company). The Mubadala Observer shall be given notice of (in the same manner that notice is given to other members of
the Board) all meetings (whether in person, telephonic or otherwise) of the Board, including all committee meetings. The Mubadala Observer shall receive a copy of all notices, agendas and other material information distributed to the Board and any
committees thereof (excluding any committee formed to consider a transaction between Mubadala and the Company), whether provided to directors in advance or, during or after any meeting, regardless of whether the Mubadala Observer shall be in
attendance at the meeting. Notwithstanding anything to the contrary, such Mubadala Observer shall agree to hold in confidence and trust all information so provided under this section; and provided further, that the Company reserves the right to
withhold any information and to exclude such Mubadala Observer from any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the attorney-client privilege between the Company and its counsel
or result in disclosure of trade secrets or a conflict of interest, in each case as determined by the Board in good faith. 

(h)    Vertical Funds Observer Rights. From and after the date hereof and until completion of an Initial
Public Offering, for so long as the Vertical Funds and their Affiliates Own any Shares, the Vertical Funds shall have the right to designate one (1) representative (the “Vertical Funds Observer”) to attend and observe
all meetings of the Board and any committees thereof (excluding any committee formed to consider a transaction between the Vertical Funds and 

  
 10 

 
the Company). The Vertical Funds Observer shall be given notice of (in the same manner that notice is given to other members of the Board) all meetings (whether in person, telephonic or
otherwise) of the Board, including all committee meetings. The Vertical Funds Observer shall receive a copy of all notices, agendas and other material information distributed to the Board and any committees thereof (excluding any committee formed to
consider a transaction between the Vertical Funds and the Company), whether provided to directors in advance or, during or after any meeting, regardless of whether the Vertical Funds Observer shall be in attendance at the meeting. Notwithstanding
anything to the contrary, such Vertical Funds Observer shall agree to hold in confidence and trust all information so provided under this section; and provided further, that the Company reserves the right to withhold any information and to exclude
such Vertical Funds Observer from any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the attorney-client privilege between the Company and its counsel or result in disclosure of trade
secrets or a conflict of interest, in each case as determined by the Board in good faith. 
 (i)    D1
Observer Rights. From and after the date hereof and for so long as D1 Capital Partners LP (“D1”) and its Affiliates own at least fifty percent (50%) of the shares of Series E Preferred Stock (or Common Stock issued
on conversion of such shares of Series E Preferred Stock) purchased by D1 pursuant to the Series E Securities Purchase Agreement, D1 shall have the right to designate one (1) representative (the “D1 Observer”)
to attend and observe all meetings of the Board and any committees thereof (excluding any committee formed to consider a transaction between D1 and the Company). The D1 Observer shall be given notice of (in the same manner that notice is given to
other members of the Board) all meetings (whether in person, telephonic or otherwise) of the Board, including all committee meetings. The D1 Observer shall receive a copy of all notices, agendas and other material information distributed to the
Board and any committees thereof (excluding any committee formed to consider a transaction between D1 and the Company), whether provided to directors in advance or, during or after any meeting, regardless of whether the D1 Observer shall be in
attendance at the meeting. Notwithstanding anything to the contrary, such D1 Observer shall agree to hold in confidence and trust all information so provided under this section; and provided further, that the Company reserves the right to withhold
any information and to exclude such D1 Observer from any meeting or portion thereof if access to such information or attendance at such meeting could adversely affect the attorney-client privilege between the Company and its counsel or result in
disclosure of trade secrets or a conflict of interest, in each case as determined by the Board in good faith. 

(j)    Directors of Subsidiaries. From and after the date hereof and for or so long as (i) Warburg
Pincus is entitled to elect at least one (1) member of the Board, Warburg Pincus shall be entitled to designate such Warburg Pincus Board designees (which directors shall be the Warburg Pincus Directors) to the board of directors or managers of
each subsidiary, and (ii) Mubadala is entitled to elect a member to the Board, Mubadala shall be entitled to designate such Mubadala Board designee (which shall be the Mubadala Director) to the board of directors or managers of each subsidiary.
In the event that Warburg Pincus or Mubadala, as applicable, exercise their respective rights pursuant to this Section 2(i) (Directors of Subsidiaries), the Company shall take all action within its power to cause such
designee(s) to be appointed to such boards. Such designee(s) shall have the same right to participate on committees of the board of such subsidiaries as such designees have pursuant to Section 2(c) (Committees of the
Board). 

  
 11 

 (k)    Indemnification, Expense Reimbursement and Other
Rights. In addition to any other indemnification rights the Warburg Pincus and Mubadala designees have pursuant to the Certificate of Incorporation, the Bylaws of the Company and any agreement with the Company, each Warburg Pincus Director, the Non-Employee Warburg Pincus Director and the Mubadala Director shall have the right to enter into, and the Company agrees to enter into, an indemnification agreement with each such Warburg Pincus Director, the Non-Employee Warburg Pincus Director and the Mubadala Director, as applicable, which indemnification agreement shall be consistent with indemnification agreements customarily entered into between companies and their
independent board members. Following the Initial Public Offering, each Warburg Pincus Board designee shall be entitled to the same equity grants and other stock incentives provided to non-employee members of
the Board (which grants shall have the same vesting and other terms provided to non-employee members of the Board) and the Warburg Pincus designees shall be paid the same Board and committee fees, if any, paid
to non-employee members of the Board. The Company shall reimburse the reasonable expenses incurred by the Warburg Pincus designees, the Warburg Pincus Observer and the Vertical Funds Observer in connection
with attending (whether in person or telephonically) all meetings of the Board or committees thereof or other Company related meetings to the same extent as all other members of the Board are reimbursed for such expenses (or, in case any such
expense reimbursement policy shall apply only to non-employee directors, to the same extent as all other non-employee directors). The Company shall maintain director and
officer insurance covering the Warburg Pincus Directors and the Mubadala Director on the same terms and with the same amount of coverage as is provided to other members of the Board. 

 

	3.	 TRANSFER OF STOCK 

(a)    Resale of Securities. Subject to compliance with Section 3(b) (Transfer
Restrictions) to the extent applicable, any Institutional Investor shall be entitled to freely Transfer any Shares Owned by such Institutional Investor to any Person at any time and from time to time. No Other Investor shall Transfer any Shares
Owned by such Other Investor other than in accordance with the provisions of this Agreement, including this Section 3 (Transfer of Stock), and any other agreements binding such Other Investor. Any Transfer made by an Other
Investor in violation of this Agreement, including this Section 3 (Transfer of Stock), shall be null and void and of no effect. The Company shall not record on its stock transfer books or otherwise any Transfer of Shares in
violation of the terms and conditions set forth herein. No Other Investor will pledge or otherwise grant a security interest in any Shares Owned by such Other Investor. 

(b)    Transfer Restrictions. 

(i)    Transfer Restrictions Applicable to Other Investors that Are Not Mutual Fund Investors. Until the
earlier of (A) the Initial Public Offering, (B) the closing of a Deemed Liquidation Event and (C) the third anniversary of the date hereof, any Other Investor that is not a Mutual Fund Investor (a “Transferring
Investor”) shall be prohibited from Transferring any Shares without the prior written consent of the Company and the WP X Funds, which consent may be withheld in their sole discretion; provided, however, a Transferring
Investor shall be permitted to Transfer any Purchased Equity Shares Owned and Granted Equity Shares (but only to the extent vested) Owned by such Transferring Investor without the consent of the Company and the WP X Funds in connection with any of
the following: (i) Transfers pursuant to 

  
 12 

 
Section 3(d) (Drag-Along Rights); (ii) Transfers pursuant to Section 3(b)(vi)(B); (iii) any Transfer to the Company, Warburg
Pincus or D1 made with the consent of the Company, as approved by the Board; (iv) Transfers to Permitted Transferees made in compliance with this Agreement; and (v) Transfers pursuant to the terms of a Deemed Liquidation Event. 

(ii)    Transfer Restrictions Applicable to Mutual Fund Investors (other than Mubadala). Until the earlier
of (A) the closing of the Initial Public Offering and (B) the closing of a Deemed Liquidation Event, no Mutual Fund Investor shall Transfer any Shares other than: (i) Transfers pursuant to Section 3(c)
(Restrictions on Sales of Control of the Company) and Section 3(d) (Drag-Along Rights); (ii) Transfers to Qualified Purchasers following compliance with Section 3(b)(vi)(C) below;
(iii) Transfers pursuant to the terms of a Deemed Liquidation Event; and (iv) Transfers to investment funds that share the same investment advisor with such Mutual Fund Investor. 

(iii)    Transfer Restrictions Applicable to Mubadala. Until the earlier of (A) the closing of the
Initial Public Offering, (B) the closing of a Deemed Liquidation Event and (C) the third anniversary of the date hereof, Mubadala shall not Transfer any Shares other than: (i) Transfers pursuant to Section 3(c)
(Restrictions on Sales of Control of the Company) and Section 3(d) (Drag-Along Rights); (ii) Transfers pursuant to the terms of a Deemed Liquidation Event; (iii) Transfers to Affiliates of Mubadala (excluding
other operating companies into which Mubadala has invested); (iv) Transfers to entities owned by the Government of Abu Dhabi, subject to the Company’s consent (which consent shall not be unreasonably withheld by the Company); or
(v) Transfers to existing stockholders of the Company following compliance with Section 3(b)(vi) below. Following the third anniversary of the date hereof, in the event there has not been a closing of an Initial Public
Offering or a Deemed Liquidation Event, then Mubadala may Transfer Shares owned by it to Persons not listed on Exhibit B (the “Non- Permitted Transferees”)
unless consented to by the Company (which consent may be withheld in the Company’s sole discretion), according to the ROFO process set forth below. In the event Mubadala proposes to Transfer Shares following the third anniversary of the date
hereof, Mubadala shall provide notice to the Company and to the Institutional Investors at least 30 days prior to consummation of the proposed Transfer (a “ROFO Notice”). The ROFO Notice shall include, with respect to
the Transfer, at a minimum the number of Shares involved (the “ROFO Shares”) and the non-binding desired closing date and purchase price (the “Floor Price”). The
ROFO Shares shall be subject to a right of first offer, first, in favor of the Company and, second, in favor of the Institutional Investors that has made an Offer (each a “ROFO”). To exercise its ROFO, each of the Company and
the Institutional Investors shall deliver an offer (each, an “Offer”) to Mubadala within ten (10) days of receipt of the ROFO Notice. The Offer shall indicate the number of ROFO Shares the Company and each Institutional
Investor is offering to purchase pursuant to their respective ROFOs, which may be up to the total number of ROFO Shares, and the purchase price and any other terms and conditions relevant to the purchase of the ROFO Shares. Mubadala shall be free to
choose to sell all or any portion of the ROFO Shares to the Company or any of the Institutional Investors (each, a “ROFO Investor”) based upon the terms of any Offer but may not sell the ROFO Shares to an Institutional
Investor at the same or a lower price than the Company or any other Institutional Investor is offering to buy the ROFO Shares until the Company or any such other Institutional Investors, as applicable, has purchased all the ROFO Shares it is willing
to purchase. If the ROFO Investors have offered to purchase more than the total number of ROFO Shares not being purchased by the Company, such ROFO Shares shall be allocated 

  
 13 

 
among the ROFO Investors pro rata based on a fraction, the numerator of which shall be the number of Purchased Equity Shares held by a ROFO Investor and the denominator of which shall be the
number of Purchased Equity Shares held by all ROFO Investors. If the ROFO Investors do not elect to purchase all of the ROFO Shares not being purchased by the Company, Mubadala may sell that portion of the ROFO Shares which have not been subscribed
for by the Company and the ROFO Investor(s) to any Person, other than the Non-Permitted Transferees, at a price not below the Floor Price and if there are any other material terms and conditions, upon the same
material terms and conditions set forth in the ROFO Notice. If Mubadala is willing to sell the ROFO Shares at the purchase price and upon such other terms and conditions specified in an Offer then the closing of the purchase of ROFO Shares shall
occur according to the timeline set forth below in the last sentence of this Section 3(b)(iii). If Mubadala is unwilling to sell the ROFO Shares at the purchase price and/or upon any other terms and conditions specified in
any Offer provided by the Company or the Institutional Investors, then it shall provide notice (the “Rejection Notice”) to the Company and the Institutional Investors within thirty (30) days following the expiration of
the Company and Institutional Investors’ ten (10) day Offer period. Following delivery of the Rejection Notice, Mubadala may solicit offers from any Person, other than the Non-Permitted Transferees,
for a period of thirty (30) days thereafter but may not disclose any Offer to such third parties. In the event that one or more Person(s), other than Non-Permitted Transferees, offers to purchase the ROFO
Shares at an aggregate price that is greater than the aggregate price specified in the Offer(s), Mubadala may sell the ROFO Shares to such Person(s) at such price for up to 180 days from the date of the Rejection Notice, at which time such
unsubscribed ROFO Shares shall again be subject to a ROFO. If the Offer(s) failed to offer to purchase the total number of ROFO Shares, Mubadala shall be free to sell the unsubscribed ROFO Shares in accordance with the previous sentence, at any
price above the Floor Price. If Mubadala does not receive any offers other than from the Company and the Institutional Investors, and such Offer(s) are to acquire the total number of ROFO Shares at a price greater than or equal to the Floor Price,
Mubadala shall consummate the sale of the ROFO Shares for the price in the Offer(s) and upon such other terms and conditions mutually agreeable to the parties. If the consideration proposed to be paid for the ROFO Shares is in property, services or
other non-cash consideration, the fair market value of the consideration (the “FMV”) shall be as determined in good faith by the Board, subject to the consent of Mubadala, not to be
unreasonably withheld. If Mubadala disputes the FMV determined by the Board (a “FMV Dispute”), the Company shall obtain an appraisal from a third-party appraiser mutually agreeable to the Company and Mubadala
(“Appraiser”), within 45 days of receipt of notice from Mubadala of such FMV Dispute, and the determination of such Appraiser, absent manifest error, shall be binding upon each of the Company and Mubadala. The costs and
expenses of the Appraiser shall be borne by the Company if the Appraiser’s determination of FMV is different (more or less) than the FMV determined by the Board, but if not, then such costs and expenses shall be borne by Mubadala. If the
Company or a ROFO Investor cannot for any reason pay for the ROFO Shares specified in its Exercise Notice in the same form of non-cash consideration, the Company or such ROFO Investor may pay the cash value
equivalent thereof, as determined in good faith by the Board or through the resolution of a FMV Dispute. The closing of the purchase of ROFO Shares by the Company and any ROFO Investors shall take place by the later of (i) the date specified in
the ROFO Notice as the intended date of the proposed Transfer, (ii) 45 days after delivery of the Offer, subject to an additional 45-day extension as necessary to obtain any required regulatory
approvals and (iii) 10 days after the resolution of a FMV Dispute. 

  
 14 

 (iv)    Transfers by Permitted Transferees and Qualified
Purchasers. 
 (A)    A Permitted Transferee of Shares or Common Shares of a Transferring Investor or
Transferring Key Common Holder, as applicable, pursuant to this Agreement may subsequently Transfer his, her or its Shares or Common Shares, as applicable, only (i) to the Transferring Investor or Key Common Holder who Transferred such Shares
or Common Shares, as applicable, to the Permitted Transferee, (ii) to a Person that is a Permitted Transferee of such Transferring Investor or Key Common Holder that originally transferred such shares to the Permitted Transferee, (iii) to
D1, (iv) pursuant to a Deemed Liquidation Event or (v) pursuant to Section 3(d) (Drag-Along Rights). Each Permitted Transferee of any Transferring Investor or Key Common Holder to which Shares or Key Common Holder
Shares are Transferred shall, and such Transferring Investor and Key Common Holder shall use best efforts to cause such Permitted Transferee to, Transfer back to such Transferring Investor or Key Common Holder (or to another Permitted Transferee of
such Transferring Investor or Key Common Holder, as applicable) the Shares and Key Common Holder Shares it acquired from such Transferring Investor or Key Common Holder if such Permitted Transferee ceases to be a Permitted Transferee of such
Transferring Investor or Key Common Holder, as applicable. 
 (B)    A Qualified Purchaser of Shares of a Mutual
Fund Investor pursuant to this Agreement may subsequently Transfer his, her or its Shares only to the Mutual Fund Investor who Transferred such Shares to the Qualified Purchaser or to a Person that is a Qualified Purchaser of such Mutual Fund
Investor at the time of such Transfer. Each Qualified Purchaser of any Mutual Fund Investor to which Shares are Transferred shall, and such Mutual Fund Investor shall use best efforts to cause such Qualified Purchaser to, Transfer back to such
Mutual Fund Investor (or to another Qualified Purchaser) the Shares it acquired from such Mutual Fund Investor if such Qualified Purchaser ceases to be a Qualified Purchaser. 

(v)    Transfers – Generally. No Transfer of Shares Owned by any Investor or Common Shares Owned by any
Key Common Holder may be made by such Investor or Key Common Holder, as applicable, unless (i) as a condition precedent to the Transfer, the Transferee has agreed in writing to be bound by the terms and conditions of this Agreement pursuant to
a Joinder Agreement and have the same rights and obligations of such transferring Investor (including if the Investor is (I) Warburg Pincus (including the WP X Funds), the same rights and obligations as Warburg Pincus and the WP X Funds
hereunder, or (II) the Vertical Funds, the same rights and obligations as the Vertical Funds hereunder (other than if (A) the Transfer is conducted pursuant to and in accordance with Section 3(d) (Drag-Along
Rights) or (B) the Transfer is to the Company or one or more of the Institutional Investors) or such transferring Key Common Holder, as applicable, and (ii) the Transfer complies in all respects with the applicable provisions of this
Agreement. Absent Mubadala’s prior written consent, no Transfer of Shares by any Investor may be made if such Transfer would result in Mubadala and its Affiliates and any entities owned by the Government of Abu Dhabi, in each case to the
knowledge of the transferor based on representations requested by the transferor, collectively holding 50% or more of (i) the total outstanding Series D Preferred Stock or (ii) the total outstanding capital stock of the Company. 

(vi)    Right of First Refusal. 

(A)    Applicable to a Transferring Investor and Key Common Holder. In the event that a Transferring
Investor proposes to Transfer Shares or a Key Common Holder proposes to Transfer Common Shares (the “Transferring Key Common Holder”) (i) to a 

  
 15 

 
Person that is not otherwise permitted pursuant to the terms of this Agreement without the prior written consent of the Company and the WP X Funds or (ii) following the third anniversary of
the date hereof (except in connection with Transfers pursuant to Section 3(b)(iii)), such Transferring Investor and Transferring Key Common Holder shall provide copies of the proposed terms of the Transfer to the Company
and the Institutional Investors at least 45 days prior to consummation of the proposed Transfer (a “ROFR Notice”). The ROFR Notice shall include, with respect to the Transfer, at a minimum, the name and address of the
prospective third party Transferee, the number of Shares and Common Shares involved (the “ROFR Shares”), the price at which the ROFR Shares are being sold and the estimated closing date. The ROFR Shares shall be subject to a
right of first refusal, first, in favor of the Company and, second, in favor of the Institutional Investors (each a “ROFR”). To exercise its ROFR, the Company must deliver a notice (an “Exercise
Notice”) to the Transferring Investor, the Transferring Key Common Holder and the Institutional Investors within ten (10) days of its receipt of the ROFR Notice. The Exercise Notice shall indicate the number of ROFR Shares the
Company is electing to purchase pursuant to its ROFR, which may be up to the total number of ROFR Shares. If the Company does not elect to purchase all of the ROFR Shares, an Institutional Investor may and, in order to exercise its ROFR, must,
deliver an Exercise Notice to the Transferring Investor, the Transferring Key Common Holder and the Company following the expiration of the Company’s ten (10) day Exercise Notice period and within twenty (20) days of its receipt of
the ROFR Notice. The Exercise Notice shall indicate the number of ROFR Shares such Institutional Investor (a “ROFR Investor”) is electing to purchase pursuant to its ROFR, which may be up to the total number of ROFR Shares
not being purchased by the Company. If the ROFR Investors have elected to purchase more than the total number of ROFR Shares not being purchased by the Company, such ROFR Shares shall be allocated among the ROFR Investors pro rata based on a
fraction, the numerator of which shall be the number of Purchased Equity Shares held by a ROFR Investor and the denominator of which shall be the number of Purchased Equity Shares held by all ROFR Investors. If the ROFR Investors do not elect to
purchase all of the ROFR Shares not being purchased by the Company, the Transferring Investor and Transferring Key Common Holder shall sell that portion of the ROFR Shares which have been subscribed for by the Company and the ROFR Investor(s) to the
Company and such ROFR Investor(s), as applicable, and the Transferring Investor and Transferring Key Common Holder shall be free to Transfer the remaining Shares to the proposed Transferee set forth in the ROFR Notice on the terms and conditions set
forth in the ROFR Notice for up to 180 days, at which time such unsubscribed Shares shall again be subject to a ROFR. If the consideration proposed to be paid for the ROFR Shares is in property, services or other
non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Board. If the Company or a ROFR Investor cannot for any reason pay for the ROFR Shares specified
in its Exercise Notice in the same form of non- cash consideration, the Company or such ROFR Investor may pay the cash value equivalent thereof, as determined in good faith by the Board. The closing of the
purchase of ROFR Shares by the Company and any ROFR Investors shall take place by the later of (i) the date specified in the ROFR Notice as the intended date of the proposed Transfer and (ii) 45 days after delivery of the ROFR Notice.

 (B)    Applicable to a Major Transferring Holder. Notwithstanding anything in Section 3(b)(vi)(A) or
3(b)(vi)(C) to the contrary, in the event that any Investor (other than a Mutual Fund Investor) or Key Common Holder Owning Shares or Common Shares, as applicable, representing more than five percent (5%) of the outstanding shares of Common Stock on
a Fully Diluted Basis (each, for the purposes of this Section 3(b)(vi)(B), a “Major Transferring 

  
 16 

 
Holder”) intends to make or accept an offer to Transfer Shares or Common Shares that constitute twenty percent (20%) or more of the Shares or Common Shares, applicable, Owned
by such Transferring Investor or Key Common Holder (the “Major Transfer Shares”), and, to the extent that Section 3(b)(vi)(A) or Section 3(b)(vi)(C) is otherwise applicable
to such transfer, prior to proceeding with the process set forth in Section 3(b)(vi)(A) or Section 3(b)(vi)(C), as applicable, the Major Transferring Holder shall provide written notice to D1 prior
to accepting or making such offer to Transfer, (a “Major Transfer ROFN Notice”). The Major Transfer ROFN Notice shall include, with respect to the Transfer, the number of Shares or Common Shares that the Major Transferring
Holder desires to Transfer (the “Major Transfer ROFN Shares”), and the minimum price (the “Minimum Price”) at which the Major Transferring Holder desires to Transfer the Major Transfer ROFN Shares. The
Major Transfer ROFN Shares shall be subject to a right of first negotiation in favor of D1 under this Section 3(b)(vi)(B), prior to the ROFR set forth in Section 3(b)(vi)(A) or the Qualified
Transfer ROFR set forth in Section 3(b)(vi)(C) (the “Major Transfer ROFN”). To exercise the Major Transfer ROFN, D1 must deliver a written notice (a “ROFN Exercise Notice”) to
the Major Transferring Holder within five (5) Business Days of its receipt of the Major Transfer ROFN Notice stating that it desires to enter into good faith negotiations with the Major Transferring Holder regarding the purchase of all of the
Major Transfer ROFN Shares. If D1 does provide the ROFN Exercise Notice within such period, then Major Transferring Holder shall negotiate in good faith with D1 concerning the terms of the purchase and sale of the total amount of the Major Transfer
ROFN Shares for a period of five (5) Business Days (the “Exclusive Negotiation Period”). If D1 does not provide the ROFN Exercise Notice within such period, or if D1 does provide the ROFN Exercise Notice within such
period and the parties thereafter do not execute an agreement with respect to the purchase and sale of all of the Major Transfer ROFN Shares within the Exclusive Negotiation Period, then, subject to any other restrictions contained herein or in the
Restated Certificate or Bylaws, the Major Transferring Holder shall be free to negotiate and enter into an agreement to Transfer no less than 95% of the total number of Major Transfer ROFN Shares to any third party at a price per share equal to or
greater than the lesser of (x) the Minimum Price and (y) the per share price, if any, offered by D1, or otherwise on terms and conditions (including, without limitation, type of consideration, payment structure, closing conditions and
certainty, transaction structure, tax treatment and escrow and indemnification provisions) that are more favorable, on the whole, to the Major Transferring Holder than the terms and conditions, if any, offered by D1 (as determined in good faith by
the Major Transferring Holder); provided, if the Major Transferring Shareholder does not Transfer all of such Major Transfer ROFN Shares in accordance with the terms hereof within 180 days of the last day of the Exclusive Negotiation
Period, such non-Transferred Major Transfer ROFN Shares shall again be subject to a Major Transfer ROFN in favor of D1. If the consideration proposed to be paid for the Major Transfer ROFN Shares is in
property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Board. 

(C)    Applicable to a Mutual Fund Investor. In the event that a Mutual Fund Investor (except in connection
with Transfers pursuant to Section 3(b)(iii)) proposes to make a Transfer of Shares to a Qualified Purchaser (a “Qualified Transfer”), such Mutual Fund Investor shall provide copies of the terms of
the Qualified Transfer to the Company and the Institutional Investors at least 45 days prior to consummation of the proposed Qualified Transfer (a “Qualified Transfer ROFR Notice”). The Qualified Transfer ROFR Notice
shall include, with respect to the Qualified Transfer, at a minimum, the name and address of the prospective Qualified Purchaser, 

  
 17 

 
the number of Shares involved (the “Qualified Transfer ROFR Shares”), the price at which the Qualified Transfer ROFR Shares are being sold and the estimated closing date.
The Qualified Transfer ROFR Shares shall be subject to a right of first refusal in favor of the Institutional Investors (a “Qualified Transfer ROFR”). To exercise its Qualified Transfer ROFR, an Institutional Investor must
deliver a notice to the Mutual Fund Investor and the Company within twenty (20) days of its receipt of the Qualified Transfer ROFR Notice (a “Qualified Transfer Exercise Notice”). The Qualified Transfer Exercise Notice
shall indicate the number of Qualified Transfer ROFR Shares such Institutional Investor (a “Qualified Transfer ROFR Investor”) is electing to purchase pursuant to its Qualified Transfer ROFR, which may be up to the total
number of Qualified Transfer ROFR Shares. If the Qualified Transfer ROFR Investors have elected to purchase more than the total number of Qualified Transfer ROFR Shares, the Qualified Transfer ROFR Shares shall be allocated among the Qualified
Transfer ROFR Investors pro rata based on a fraction, the numerator of which shall be the number of Purchased Equity Shares held by a Qualified Transfer ROFR Investor and the denominator of which shall be the number of Purchased Equity Shares
held by all Qualified Transfer ROFR Investors. If the Qualified Transfer ROFR Investors do not elect to purchase all of the Qualified Transfer ROFR Shares, then the Institutional Investors shall be deemed to have forfeited any right to purchase such
Qualified Transfer ROFR Shares, and the selling Mutual Fund Investor shall be free to sell all, but not less than all, of the Qualified Transfer ROFR Shares to the Qualified Purchaser on terms and conditions substantially similar to (and in no event
more favorable in the aggregate than) the terms and conditions set forth in the Qualified ROFR Transfer Notice, it being understood and agreed that (i) any such sale or transfer is subject to the other terms and restrictions of this Agreement,
including without limitation, the terms and restrictions set forth in Section 3(b)(v); (ii) any future Qualified Transfer shall remain subject to the terms and conditions of this Agreement, including this
Section 3(b)(vi)(B); and (iii) such sale shall be consummated within 180 days after receipt of the Qualified Transfer ROFR Notice by the Company and, if such sale is not consummated within such 180 day
period, such sale shall again become subject to the Qualified Transfer ROFR on the terms set forth herein. If the consideration proposed to be paid for the Qualified Transfer ROFR Shares is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Board. If a Qualified Transfer ROFR Investor cannot for any reason pay for the Qualified Transfer ROFR
Shares specified in its Qualified Transfer Exercise Notice in the same form of non-cash consideration, such Qualified Transfer ROFR Investor may pay the cash value equivalent thereof, as determined in good
faith by the Board. The closing of the purchase of Qualified Transfer ROFR Shares by the Qualified Transfer ROFR Investors shall take place by the later of (i) the date specified in the Qualified Transfer ROFR Notice as the intended date of the
proposed Qualified Transfer and (ii) 45 days after delivery of the Qualified Transfer ROFR Notice. 

(D)    Exempted Transfers. Notwithstanding the foregoing or anything to the contrary herein, the provisions
of Section 3(b)(vi)(A), Section 3(b)(vi)(B) or Section 3(b)(vi)(C) shall not apply to the Transfer of Shares or Common Shares pursuant (i) to the terms of a Deemed
Liquidation Event or (iii) Section 3(d) (Drag-Along Rights). 

(c)    Restrictions on Sales of Control of the Company. No Investor or Key Common Holder shall be party to
any transaction or series of related transactions in which a person or entity, or a group of related persons or entities, acquires from stockholders of the Company shares representing more than fifty percent (50%) of the outstanding voting power of
the Company (a 

  
 18 

 
“Stock Sale”) unless all holders of Preferred Stock are allowed to participate in such transaction and the consideration received pursuant to such transaction is allocated
among the parties thereto in the manner specified in the Certificate of Incorporation, as in effect immediately prior to the Stock Sale (as if such transaction were a Deemed Liquidation Event), unless holders of at least (a) a majority of the
outstanding shares of the Series A Preferred Stock voting together as a single class, (b) a majority of the outstanding shares of the Series B Preferred Stock voting together as a single class, (c) a majority of the outstanding
shares of the Series C Preferred Stock voting as a single class, (d) a majority of the outstanding shares of the Series D Preferred Stock voting together as a single class, and (e) a majority of the outstanding shares of the
Series E Preferred Stock voting together as a single class, elect otherwise by written notice given to the Company at least five days prior to the effective date of any such transaction or series of related transactions. For the avoidance of
doubt, the redemption by the Company of outstanding shares of Preferred Stock pursuant to the Certificate of Incorporation shall in no event be considered a Stock Sale subject to this Section 3(c). 

(d)    Drag-Along Rights. 

(i)    Subject to Section 3(d)(v), if at any time and from time to time after the date of
this Agreement, Warburg Pincus and its Affiliates (the “Majority Holders”) desire to (i) Transfer in a bona fide arms’ length sale all of their Shares to any Person or Persons who are not Affiliates of the
Company or the Majority Holders, (ii) approve any merger of the Company with or into any other Person who is not an Affiliate of the Company or the Majority Holders that would constitute a Deemed Liquidation Event or (iii) approve any sale
of all or substantially all of the Company’s assets to any Person or Persons who are not Affiliates of the Company or the Majority Holders that would constitute a Deemed Liquidation Event (for purposes of this Section 3(d)
(Drag-Along Rights), any such Person is referred to as the “Proposed Transferee” and any such transaction is referred to as the “Proposed Sale”), the Majority Holders shall have the right (for
purposes of Section 3(d), the “Drag-Along Right”), but not the obligation, (x) in the case of a Transfer of the type referred to in clause (i) of this sentence, to require each other
Investor and each Key Common Holder to sell to the Proposed Transferee all of such Investor’s Shares or such Key Common Holder’s Common Shares, as applicable, with the aggregate consideration for the sale of shares held by the Majority
Holders, the other Investors and the Key Common Holders paid to such Investors and the Key Common Holders according to the Certificate of Incorporation in effect immediately prior to such sale (as if such transaction were a Deemed Liquidation Event)
or (y) in the case of a merger or sale of assets or other Deemed Liquidation Event referred to in clauses (ii) or (iii) of this sentence, to require each other Investor and each Key Common Holder to vote (or act by written consent
with respect to) all Shares or Common Shares then Owned by such other Investor or Key Common Holder, as applicable, in favor of such transaction and to waive any dissenters’ rights, appraisal rights or similar rights such Investor or such Key
Common Holder may have under applicable law. Subject to Section 3(d)(v), each Investor and each Key Common Holder agrees to take all steps necessary to enable such Investor or such Key Common Holder, as applicable, to
comply with the provisions of this Section 3(d) (Drag-Along Rights) to facilitate the Majority Holders’ exercise of a Drag-Along Right. 

(ii)    Notwithstanding the foregoing, an Investor or Key Common Holder will not be required to comply with this
Section 3(d) in connection with any Proposed Sale unless upon the consummation of the Proposed Sale (i) each holder of each class or series of the Company’s 

  
 19 

 
stock will receive the same form of consideration for their shares of such class or series as is received by other holders in respect of their shares of such same class or series of stock,
(ii) each holder of a series of Preferred Stock will receive the same amount of consideration per share of such series of Preferred Stock as is received by other holders in respect of their shares of such same series, and (iii) each holder
of Common Stock will receive the same amount of consideration per share of Common Stock as is received by other holders in respect of their shares of Common Stock; provided, however, that, notwithstanding the foregoing, if the
consideration to be paid in exchange for the Shares Owned by an Investor or the Common Shares Owned by a Key Common Holder pursuant to this Section 3(d) includes any securities and due receipt thereof by any Investor would
require under applicable law (x) the registration or qualification of such securities or of any person as a broker or dealer or agent with respect to such securities; or (y) the provision to any Investor or Key Common Holder of any
information other than such information as a prudent issuer would generally furnish in an offering made solely to “accredited investors” as defined in Regulation D promulgated under the Securities Act, the Company may cause
to be paid to any such Investor or Key Common Holder, applicable, in lieu thereof, against surrender of such Shares Owned by such Investor or such Common Shares Owned by such Key Common Holder which would have otherwise been sold by such Investor or
such Key Common Holder, an amount in cash equal to the fair value (as determined in good faith by the Board) of the securities which such Investor or such Key Common Holder would otherwise receive as of the date of the issuance of such securities in
exchange for such Shares Owned by such Investor or such Common Shares Owned by such Key Common Holder. 

(iii)    To exercise a Drag-Along Right, the Majority Holders shall give each Investor and each Key Common Holder a
written notice (for purposes of this Section 3(d), a “Drag-Along Notice”) containing the terms of payment and other material terms and conditions of the Proposed Transferee’s offer. Subject to
Section 3(d)(v), each Investor and each Key Common Holder shall thereafter be obligated to sell or vote (or act by written consent with respect to) all Shares (including any Share Equivalents) Owned by such Investor and all
Common Shares Owned by such Key Common Holder, as applicable, provided that the sale to the Proposed Transferee is consummated within 180 days of delivery of the Drag-Along Notice. If the sale, merger or other transaction contemplated by
this Section 3(d) (Drag-Along Rights) is not consummated within such 180-day period, then each Investor and each Key Common Holder shall no longer be obligated to sell such Shares
Owned by such Investor or such Common Shares Owned by such Key Common Holder pursuant to that specific Drag-Along Right but shall remain subject to the provisions of this Section 3(d) (Drag-Along Rights). 

(iv)    Subject to Section 3(d)(v), each Investor and each Key Common Holder shall
execute and deliver such instruments of conveyance and transfer and take such other action, including executing any purchase agreement, merger agreement, indemnity agreement, escrow agreement or related documents, as may be reasonably required by
the Majority Holders or the Company in order to carry out the terms and provisions of this Section 3(d) (Drag-Along Rights); provided, however, that (i) except as provided below, each Investor will be
severally liable for its pro rata portion of any purchase price adjustment, escrow or indemnification obligations resulting from any inaccuracy of any representations and warranties made by the Company, (ii) any representations and
warranties to be made by such Investor in connection with the Proposed Sale are limited to the following representations and warranties that (a) such Investor holds all right, title and interest in and to the Shares such Investor purports to
hold, free and clear of all liens and 

  
 20 

 
encumbrances, (b) the obligations of such Investor in connection with the transaction have been duly authorized, if applicable, (c) the documents to be entered into by such Investor
have been duly executed by such Investor and delivered to the acquirer and are enforceable against such Investor in accordance with their respective terms, (d) neither the execution and delivery of documents to be entered into in connection
with the transaction, nor the performance of such Investor’s obligations thereunder, will cause a breach or violation of the terms of any agreement, law or judgment, order or decree of any court or governmental agency, (e) such Investor is
an “accredited investor” within the meaning of Regulation D, Rule 501(a), promulgated by the Securities and Exchange Commission under the Securities Act, and (f) such Investor has not engaged any brokers, finders or
similar agents in connection with the Proposed Sale, (iii) each Investor will be 100% liable on a several basis for any representations, warranties and indemnities with respect to the unencumbered title to Shares Owned by such Investor, the
power, authority and legal right of such Investor to Transfer Shares Owned by such Investor pursuant to such Drag-Along Right, the absence of any Encumbrance or adverse claim regarding Shares Owned by such Investor and related matters pertaining
solely to such Investor (including fraud by such Investor), (iv) each Investor’s pro rata share for purposes of the foregoing clause (i) shall equal the proportion of any payments arising from such liability that results in such
Investor receiving the same consideration in the sale pursuant to such Drag-Along Right as such Investor would have received had the aggregate consideration payable in in the sale pursuant to such Drag-Along Right equaled the aggregate consideration
payable in such sale net of the aggregate amount of all payments that are required to be made by such Investor in respect of such liabilities described in clause (i) and (iv) no Investor shall be required to be bound by a non-compete, no-hire, non-solicit or similar restrictive covenant (excluding, for clarity, any such restrictive covenants that existed
prior to the sale pursuant to such Drag-Along Right). Notwithstanding the foregoing, except in the case of fraud by the Investor, the aggregate amount of liability of each Investor shall not exceed the proceeds received by such Investor in
connection with the sale pursuant to such Drag-Along Right. Each Investor (other than D1, Fidelity, the T. Rowe Price Investors and their respective Affiliates) acknowledges the rights of the WP X Funds to act on behalf of such Investor pursuant to
Section 6(l) (Grant of Irrevocable Proxy). At the closing of the proposed transaction, each Investor and each Key Common Holder shall deliver, against receipt of the consideration payable in such transaction, certificates
representing the Shares which the Investor Owns or the Common Shares which the Key Common Holder Owns, together with executed stock powers or other instruments of transfer acceptable to the Majority Holders. 

(v)    Notwithstanding the foregoing, a separate consent of the holders of a majority of the shares of
Series E Preferred Stock (which such majority shall include the affirmative written consent of D1 for so long as D1 and its Affiliates continues to own at least 15,131,477 shares of Series E Preferred Stock (as adjusted for stock splits,
combinations, recapitalizations and the like)) shall be required for the Majority Holders to exercise their Drag Along Right with respect to any Proposed Sale in which the per share proceeds received per share of Series E Preferred Stock (or
Common Stock issuable upon conversion thereof) at or upon the initial closing of such Proposed Sale is less than 1.2x the Series E Original Issue Price (as defined in the Certificate of Incorporation, and as adjusted for stock splits,
combinations, recapitalizations and the like); provided that for purposes of the preceding clause, any consideration subject to an escrow or conditioned or contingent upon future events, including earn outs, milestones or the like, shall not
be included in the calculation of the per share proceeds payable on the Series E Preferred Stock (or Common Stock issuable upon conversion thereof) at or upon the initial closing of the Proposed Sale. 

  
 21 

 (e)    Subscription Right. 

(i)    If at any time after the date hereof and prior to the Initial Public Offering, the Company proposes to issue
equity securities of any kind (for purposes of this Section 3(e), the term “equity securities” shall include any warrants, options or other rights to acquire equity securities or debt securities
convertible into equity securities) of the Company (other than the issuance of securities (i) upon conversion of the Preferred Stock pursuant to the Certificate of Incorporation, (ii) to the public in a firm commitment underwriting
pursuant to a registration statement filed under the Securities Act, (iii) pursuant to the acquisition of another Person by the Company or any subsidiary, whether by purchase of stock, merger, consolidation, purchase of all or substantially all
of the assets of such Person or otherwise, provided such acquisition has been approved by the Board and such securities are being issued as consideration for the transaction and not in connection with financing the transaction, (iv) pursuant to
an employee stock option plan, stock bonus plan, stock purchase plan, employment agreement or other management equity program approved by the Board, including at least one Warburg Pincus Director, (v) to vendors, lenders and customers of and
consultants to the Company or any subsidiary or in connection with a strategic partnership (provided such securities are being issued as consideration for the strategic partnership and not in connection with financing the strategic partnership), in
each case, to the extent such issuance has been approved by the Board, including at least one Warburg Pincus Director, (vi) by reason of a dividend, stock split or other distribution on shares of Common Stock or Preferred Stock (including,
without limitation, any shares of Common Stock issued pursuant to Section 1.6 of Part B of Article IV of the Certificate of Incorporation as payment for the Accrued Dividends (as defined therein)), (vii) pursuant to the Series E
Securities Purchase Agreement, (viii) to any Other Investor pursuant to the terms of any employment or similar agreement between the Company and such Other Investor to the extent such employment or similar agreement was approved by the Board,
including at least one Warburg Pincus Director), or (ix) upon the exercise of warrants, issued and outstanding as of the date hereof, to purchase the capital stock of the Company, then, subject to the provisions set forth below, including
Section 3(e)(vi) below, as to each Institutional Investor and each Mutual Fund Investor (including Mubadala and its Affiliates, such Affiliates subject to Company consent, such consent not to be unreasonably withheld) and
each Other Investor listed on Schedule III hereto, provided that such Other Investor is an employee of the Company or its subsidiaries at such time (each a “Subscription Right Investor”), the Company shall: 

(A)    give written notice setting forth in reasonable detail (1) the designation and all of the terms and
provisions of the securities proposed to be issued (the “Proposed Securities”), including, where applicable, the voting powers, preferences and relative participating, optional or other special rights, and the qualification,
limitations or restrictions thereof and interest or dividend rate and maturity; (2) the price and other terms of the proposed sale of such securities; (3) the amount of such securities proposed to be issued; and (4) such other
information as a Subscription Right Investor may reasonably request in order to evaluate the proposed issuance; and 

  
 22 

 (B)    offer to issue to each such Subscription Right Investor a
portion of the Proposed Securities equal to a percentage determined by dividing (1) the number of shares of Common Stock Owned by such Subscription Right Investor as a result of Purchased Equity Shares (excluding, for the sake of clarity, any
Granted Equity Shares, whether or not vested), by (2) the total number of shares of Common Stock then outstanding on a Fully Diluted Basis. 

(ii)    Each such Subscription Right Investor must exercise his, her or its purchase rights hereunder, in whole or
in part, within ten (10) days after receipt of such notice from the Company or such shorter period as may be required by the Company if the Company determines in good faith that a shorter period is necessary. If all of the Proposed Securities
offered to such Subscription Right Investors are not fully subscribed for by such Subscription Right Investors, the remaining Proposed Securities will be reoffered to the Subscription Right Investors purchasing their full allotment upon the terms
set forth in this Section 3(e) (Subscription Right), until all such Proposed Securities are fully subscribed for or until all such Subscription Right Investors have subscribed for all such Proposed Securities which they
desire to purchase, except that such Subscription Right Investors must exercise their purchase rights within three (3) Business Days after receipt of all such reoffers or such shorter period as may be required by the Company if the Company
determines in good faith that a shorter period is necessary. To the extent that the Company offers two or more securities to all prospective purchasers in a proposed issuance in units, such as convertible notes coupled with attached warrants (and
only in such units), such Subscription Right Investors must purchase such units as a whole and will not be given the opportunity to purchase only one of the securities making up such unit. 

(iii)    Upon the expiration of the offering periods described above (as such periods may be shortened by the
Company), the Company will be free to sell such Proposed Securities that such Subscription Right Investors have not elected to purchase during the 90 days following such expiration on terms and conditions not materially more favorable to the
purchasers thereof than those offered to such Subscription Right Investors. Any Proposed Securities offered or sold by the Company after such ninety (90)-day period must be reoffered to such Subscription Right
Investors pursuant to this Section 3(e) (Subscription Right). 
 (iv)    The election
by a Subscription Right Investor not to exercise such Subscription Right Investor’s subscription rights under this Section 3(e) (Subscription Right) in any one instance shall not affect such Subscription Right
Investor’s right (other than in respect of a reduction in such Subscription Right Investor’s percentage holdings) as to any subsequent proposed issuance subject to this Section 3(e) (Subscription Right). If the
Company determines in good faith that circumstances require the Company to sell the Proposed Securities to the Institutional Investors or their respective Affiliates, the Company shall be permitted to sell such Proposed Securities to such
Institutional Investors and/or their respective Affiliates provided that promptly following such sale, the Company permits each Subscription Right Investor having rights under this Section 3(e) (Subscription Right) to
purchase such Subscription Right Investor’s proportionate amount of such Proposed Securities in the manner contemplated by this Section 3(e) (Subscription Right). 

(v)    Each such Subscription Right Investor shall, if requested by the Company and the Institutional Investors
participating in such issuance of equity securities, execute a stockholders agreement (or consent to an amendment to this Agreement) with respect to such Proposed Securities with terms that are (to the extent practicable) substantially equivalent
to, mutatis mutandis, the terms of this Agreement. 

  
 23 

 (vi)    Notwithstanding the foregoing and without limiting the
rights of any Investor under the Series E Securities Purchase Agreement, if (i) the Institutional Investors and/or their Affiliates waive their subscription rights pursuant to this Section 3(e) or otherwise elect
to not exercise their subscription rights pursuant to this Section 3(e) and (ii) no Institutional Investor or Affiliate of an Institutional Investor purchases any of the Proposed Securities, then, as to each Other
Investor who has subscription rights pursuant to this Section 3(e), such Other Investors shall automatically without any further action be deemed to have waived their rights pursuant to this
Section 3(e). 
  

	4.	 TERMINATION. 

(a)    Upon the closing of a Qualified Public Offering or, at the written election of the Majority Institutional Investors (including D1),
an Initial Public Offering, this Agreement shall automatically terminate except with respect to the following Sections which shall survive such termination in accordance with their terms: 

(i)    Section 1(a) (Legends); 

(ii)    Sections 2(a)(ii) (Post-IPO Board Seats);

 (iii)    Section 2(c) (Committees of the Board); 

(iv)    Section 2(d) (Warburg Pincus Observer Rights); 

(v)    Section 2(i) (Directors of Subsidiaries); 

(vi)    Section 2(j) (Indemnification, Expense Reimbursement and Other Rights); 

(vii)    Section 4 (Termination); 

(viii)    Section 5 (Interpretation of this Agreement); and 

(ix)    Section 6 (Miscellaneous) (except Section 6(l) (Grant
of Irrevocable Proxy), which shall terminate). 
 (b)    At the written election of the Majority Institutional
Investors upon a Deemed Liquidation Event that is approved in accordance with the Certificate of Incorporation this Agreement shall automatically terminate. 

(c)    This Agreement shall terminate on the date on which the Majority Institutional Investors and the Majority
Other Investors shall have agreed in writing to terminate this Agreement; provided that Section 3(b)(vi)(B) shall survive such termination unless D1 has agreed in writing to terminate this Agreement. 

  
 24 

 (d)    Notwithstanding the foregoing, this Agreement shall
automatically terminate with respect to Mutual Fund Investors immediately prior to the consummation of the Initial Public Offering. 
  

	5.	 INTERPRETATION OF THIS AGREEMENT 

(a)    Terms Defined. As used in this Agreement, the following terms have the respective meaning set forth
below: 
 Affiliate: shall mean any Person or entity, directly or indirectly controlling, controlled by or under common control with
such Person or entity, or any venture capital or other investment fund now or hereafter existing that is controlled by one or more general partners or managing members of, or shares the same management company or investment advisor with, such Person
or entity; provided that neither the Company nor any of its subsidiaries shall be deemed to be an Affiliate of the Investors. 
 Business
Day: shall mean any day other than a Saturday, Sunday or a day on which banks in New York, New York are authorized or obligated by law or executive order to close. 

Certificate of Incorporation: shall mean the Certificate of Incorporation of the Company as it may be amended from time to time,
including pursuant to a Certificate of Designations, if any. 
 Common Stock: shall mean the common stock, par value $0.001 per
share, of the Company. 
 Competitor: shall mean NxStage Medical, Gambro (a subsidiary of Baxter International, Inc.), Fresenius, B.
Braun Medical, Nipro Medical Corporation, DaVita or any Person determined in good faith by the Board of Directors to offer products or services competitive with, or otherwise to be a competitor of, the business of the Company and/or its
subsidiaries. 
 Deemed Liquidation Event: shall have the meaning set forth in the Certificate of Incorporation. 

Encumbrance: shall mean any charge, claim, community or other marital property interest, right of first option, right of first refusal,
mortgage, pledge, lien or other encumbrance (except as resulting from the express terms of this Agreement, the Certificate of Incorporation, the Registration Rights Agreement, any Granted Equity Shares and any document executed or delivered to
effect the purposes of this Agreement, the Certificate of Incorporation, the Registration Rights Agreement or any Granted Equity Shares). 

Exchange Act: shall mean the Securities Exchange Act of 1934, as amended, including the rules and regulations promulgated thereunder,
or any successor statute thereto. 
 Fully Diluted Basis: shall mean all outstanding shares of the Common Stock assuming (i) the
conversion of all outstanding shares of Preferred Stock and (ii) the exercise of all outstanding Share Equivalents without regard to any restrictions or conditions with respect to the exercisability of such Share Equivalents; provided,
however, when determining the outstanding 

  
 25 

 
shares of Common Stock on a Fully Diluted Basis, any outstanding unvested Granted Equity Shares (including Common Stock) with vesting tied to the issuance of additional shares of Preferred Stock
shall be excluded from such computation. 
 Granted Equity Shares: shall mean shares of Common Stock or Share Equivalents that are
granted or issued pursuant to any of the Company’s stock option plans, stock bonus plans, stock incentive plans or other similar plans approved by the Board. 

Key Common Holder: shall have the meaning set forth in the preamble. 

Institutional Investor: shall have the meaning set forth in the preamble, and shall include, solely for purposes of
Section 3(b)(vi)(A) – (C), unless otherwise stated herein, Mubadala. 
 Investment Fund: shall
mean, collectively, (i) a private equity or other investment fund that (A) makes investments in multiple companies and was not formed primarily to invest in the Company or its subsidiaries or (B) is an alternative investment vehicle
for a fund described in clause (A) and (ii) any Person directly or indirectly wholly-owned by any private equity or other investment fund (or group of Affiliated private equity or other investment funds) described in clause (i) and/or
any general partner or managing member who is an Affiliate thereof. 
 Majority Institutional Investors: shall mean Institutional
Investors Owning a majority of the Shares Owned by the Institutional Investors, which majority shall include the WP X Funds. 
 Majority
Other Investors: shall mean Other Investors Owning a majority of the Shares (excluding for this purpose any Granted Equity Shares that are not vested) Owned by the Other Investors. 

Mubadala and the Mubadala Investor: shall mean Aurora Investment Company LLC. 

Mutual Fund Investor: shall mean (a) each of Fidelity and its respective Affiliates who are, in each case, Other Investors, and
either (i) an investment company registered as such under the Investment Company Act of 1940, as amended or (ii) an advisory client of an investment adviser registered as such under the Investment Advisers Act of 1940, as amended,
(b) each T. Rowe Price Investor and (c) the Mubadala Investor. 
 Owns, Own, Owning or Owned: shall mean beneficial
ownership, assuming the conversion (whether or not then convertible) of all outstanding securities convertible (including Preferred Stock) into Common Stock and the exercise of all outstanding Share Equivalents. No Investor shall be deemed to Own
any shares of Preferred Stock issuable pursuant to the Securities Purchase Agreements prior to the date of issuance of such shares of Preferred Stock to such Investor. 

Permitted Transferee: shall mean, (i) D1, (ii) in the case of any Institutional Investor, Key Common Holder or any Other
Investor that is not a natural person, any Affiliate of such Investor or Key Common Holder, (iii) in the case of Mubadala, any Person who acquires the ROFO Shares in compliance with the provisions set forth in
Section 3(b)(iii), and (iv) in the case of Other Investors or Key Common Holders who are natural persons, any trust established for the sole benefit of such Other Investor or Key Common Holder or such Other
Investor’s or Key Common 

  
 26 

 
Holder’s spouse or direct lineal descendants provided such Other Investor or Key Common Holder is the trustee of such trust, or any Person in which the direct and beneficial owner of all
voting securities of such Person is such Other Investor or Key Common Holder, or such Other Investor’s or Key Common Holder’s heirs, executors, administrators or personal representatives upon the death, incompetency or disability of such
Other Investor or Key Common Holder. 
 Person: shall mean an individual, partnership (whether general or limited), joint-stock
company, corporation, limited liability company, trust or unincorporated organization, and a government or agency or political subdivision thereof. 

Preferred Stock: shall mean the Company’s (i) Series A Convertible Preferred Stock, par value $0.001 per share (the
“Series A Preferred Stock”), (ii) Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Preferred
Stock”), (iii) Series C Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”), (iv) Series D Convertible Preferred Stock, par value
$0.001 per share (the “Series D Preferred Stock”), and (v) the Series E Preferred Stock. 

Purchased Equity Shares: shall mean shares of Common Stock or Share Equivalents (including the Preferred Stock) that are purchased for
value by an Investor or Key Common Holder pursuant to the Securities Purchase Agreements, by way of transfer or otherwise. In no event shall Granted Equity Shares be deemed to be Purchased Equity Shares. 

Qualified Public Offering: shall mean an Initial Public Offering that would qualify for mandatory conversion of the Preferred Stock
pursuant to the Certificate of Incorporation. 
 Qualified Purchaser: shall mean (i) an Investment Fund with at least
$500 million in assets under management (provided such Investment Fund is not an “activist” (as commonly known in the investment industry) Investment Fund or generally known for making “activist”-
styled investments) or (ii) a strategic investor (e.g., publicly listed corporation, private company, etc.) that is not a Competitor or an Affiliate of a Competitor. 

Registration Rights Agreement: shall mean that certain Amended and Restated Registration Rights Agreement dated as of the date hereof
by and among the Company and the stockholders named therein, as the same may be amended and/or restated from time to time. 
 SEC:
shall mean the Securities and Exchange Commission or any successor agency. 
 Security, Securities: shall have the meaning set forth
in Section 2(1) of the Securities Act: 
 Securities Act: shall mean the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder, or any successor statute thereto. 
 Securities Purchase Agreements: shall mean collectively,
(i) the Series A Securities Purchase Agreement, (ii) the Series B Securities Purchase Agreement, (iii) the Series C Securities Purchase Agreement, (iv) the Series D Securities Purchase Agreement and
(v) the Series E Securities Purchase Agreement. 

  
 27 

 Series A Securities Purchase Agreement: shall mean the Securities
Purchase Agreement, dated February 22, 2010, by and among the Company and certain of the Prior Investors (as amended) pursuant to which such Prior Investors purchased shares of Series A Preferred Stock. 

Series B Securities Purchase Agreement: shall mean the Securities Purchase Agreement, dated May 5, 2015, by and
among the Company and certain of the Prior Investors (as amended) pursuant to which such Prior Investors purchased shares of Series B Preferred Stock. 

Series C Securities Purchase Agreement: shall mean the Securities Purchase Agreement, dated April 19, 2017, by
and among the Company and certain of the Prior Investors (as amended) pursuant to which such Prior Investors purchased shares of Series C Preferred Stock. 

Series D Securities Purchase Agreement: shall mean the Series D Preferred Stock Purchase Agreement, dated
August 20, 2018, by and among the Company and certain of the Prior Investors pursuant to which such Prior Investors purchased shares of Series D Preferred Stock. 

Series E Securities Purchase Agreement: shall have the meaning set forth in the recitals of this Agreement. 

Share Equivalent: shall mean any stock, warrants, rights, calls, options or other securities exchangeable or exercisable for, or
convertible into, directly or indirectly, shares of Common Stock. 
 Transfer: shall mean any sale, assignment, pledge, transfer,
hypothecation or other disposition or encumbrance, and each of “Transferred”, “Transferee” and “Transferor” have a correlative meaning. 

T. Rowe Price: shall mean T. Rowe Price Associates, Inc. and any successor or affiliated registered investment advisor to the T. Rowe
Price Investors. 
 T. Rowe Price Investors: shall mean the Investors advised or subadvised by T. Rowe Price. 

Vertical Funds: shall mean Vertical Fund I, L.P., a Delaware limited partnership, and Vertical Fund II, L.P., a Delaware limited
partnership. 
 (b)    Accounting Principles. Where the character or amount of any asset or amount of any
asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, this shall be done in accordance with U.S. generally
accepted accounting principles at the time in effect, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement. 

(c)    Directly or Indirectly. Where any provision in this Agreement refers to action to be taken by any
Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person. 

  
 28 

 (d)    Governing Law. This Agreement shall be governed by
and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed entirely within such State. 

(e)    Section Headings. The headings of the sections and subsections of this Agreement are inserted for
convenience only and shall not be deemed to constitute a part thereof. 
  

	6.	 MISCELLANEOUS 

(a)    Notices. 

(i)    All communications under this Agreement shall be in writing and shall be delivered by hand or facsimile or
by electronic mail or mailed by overnight courier or by registered or certified mail, postage prepaid: 

(A)    if to any of the Investors, at the address or facsimile number or electronic mail address of such Investor
shown on Schedule I or Schedule II, or at such other address as the Investor may have furnished the Company and the other Investors in writing; and 

(B)    if to the Company, at 1830 Bering Drive, San Jose, CA 95112, marked for attention of the Chief Executive
Officer, with a copy (which shall not constitute notice) to: Frank Rahmani, Cooley LLP, 3175 Hanover Street, Palo Alto, CA 94304, or at such other address as it may have furnished in writing to each of the Investors. 

(ii)    Any notice so addressed shall be deemed to be given: if delivered by hand, or facsimile, on the date of
such delivery if a Business Day and delivered during regular business hours, otherwise the first Business Day thereafter; if sent via electronic mail, upon confirmation of delivery when directed to the relevant electronic mail address, if sent
during normal business hours of the recipient, or if not sent during normal business hours of the recipient, then on the recipient’s next business day; if mailed by overnight courier, on the date of delivery; and if mailed by registered or
certified mail, on the third Business Day after the date of such mailing. 
 (b)    FIRPTA. Upon request
of Investor, the Company shall provide (i) a statement (in such form as may be reasonably requested by Investor) conforming to the requirements of Section 1.897- 2(h)(1)(i) and 1.1445-2(c)(3)(i) of the U.S. Treasury Regulations certifying that interests in the Company do not constitute “United States real property interests” under Section 897(c) of the
Internal Revenue Code of 1986, as amended, and (ii) evidence in form and substance satisfactory to Investor that the Company has delivered to the Internal Revenue Service the notification required under
Section 1.897-2(h)(2) of the U.S. Treasury Regulations. 

(c)    Reproduction of Documents. This Agreement and all documents relating thereto, including, without
limitation, (i) consents, waivers and modifications which may hereafter be executed, (ii) documents received by each Investor pursuant hereto and (iii) financial statements, certificates and other information previously or hereafter
furnished to each Investor, may be reproduced by each Investor by photographic, photostatic, microfilm, microcard, miniature photographic or other similar process and each Investor may destroy any original document so reproduced. All parties hereto
agree and stipulate that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the 

  
 29 

 
original is in existence and whether or not such reproduction was made by each Investor in the regular course of business) and that any enlargement, facsimile or further reproduction of such
reproduction shall likewise be admissible in evidence. 
 (d)    Successors and Assigns. This Agreement
shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties, provided that no Other Investor shall be permitted to assign any of his, her or its rights or obligations pursuant to this Agreement
without the prior written consent of the Company and the Majority Institutional Investors, unless such assignment is in connection with a Transfer explicitly permitted by this Agreement and, prior to such assignment, such assignee complies with the
requirements of this Agreement. Any attempted assignment by an Other Investor in violation of the foregoing shall be null and void. 

(e)    Entire Agreement; Amendment and Waiver. 

(i)    With respect to Investors other than the Mutual Fund Investors (which Mutual Fund Investors are covered by
Section 6(e)(ii) below), except with respect to (x) the representations and warranties set forth in each Investor’s respective Securities Purchase Agreement between each Investor and the Company (A) relating
to such Investor’s authority to execute and deliver such Securities Purchase Agreement(s) or (B) which formed the basis for determining that an exemption from the registration, permit, qualification and prospectus delivery requirements (as
applicable) of the Securities Act and all applicable state and foreign securities laws applied, this Agreement, and (y) the management rights letter dated as of the date hereof between D1 and the Company (the “D1 MRL”)
constitutes the entire understandings of the parties hereto and supersedes all prior agreements (whether written or oral) or understandings with respect to the subject matter hereof among such parties. As such, other than with respect to
(x) rights provided under the Delaware General Corporation Law arising in connection with the ownership of Common Stock and (y) any rights granted pursuant to this Agreement or the D1 MRL, each Investor (other than the Mutual Fund
Investors) hereto acknowledges, releases and expressly waives and disclaims any contractual or other rights including, but not limited to registration rights, rights of first refusal and co-sale, board seats
and preemptive or similar rights to purchase securities of the Company or participate in any future financings by the Company (collectively the “Rights” and each a “Right”). To the extent any Investor
(other than the Mutual Fund Investors) previously possessed contractual or other rights with respect to any Right (including pursuant to any provision of that certain Stockholders Agreement, dated May 5, 2003, by and among the Company and the
stockholders named therein (the “2003 Stockholders Agreement”)), such Investor (x) hereby expressly waives and disclaims such Right or Rights, (y) consents to the Common Stockholders Agreement, dated as of
February 22, 2010, by and among the Company and the stockholders named therein (the “Common Stockholders Agreement”) which amended and restated the 2003 Stockholders Agreement and (z) hereby expressly acknowledges
that such Investor is not a party to the Common Stockholders Agreement and expressly relinquishes and disclaims any rights under the Common Stockholders Agreement. Any authorization, consent or commitment of Mubadala hereunder or in connection
herewith shall be null and void unless duly executed by not less than two (2) authorized officers of Mubadala. 

(ii)    This Agreement, the Securities Purchase Agreements and the Registration Rights Agreement constitute the
entire understandings of the parties hereto and supersede all prior 

  
 30 

 
agreements or understandings with respect to the subject matter hereof among such parties. The terms and provisions of this Agreement may only be amended, modified or waived at any time and from
time to time by a writing executed by the Company and the Majority Institutional Investors; provided that, any amendment, modification or waiver that would affect the rights, benefits or obligations of any Other Investor or group of Other Investors
shall require the written consent of such Other Investor or the majority of such group of Other Investors, as applicable, only if such amendment, modification or waiver would adversely affect such rights, benefits or obligations of such Other
Investor or such group of Other Investors in a manner that is worse than the manner in which such amendment or waiver affects the other Investors; provided, further, that that any amendment, termination or waiver of
(i) Sections 1(c), 1(d), 2(e), 3(b), 6(e) and 6(l) that are adverse to Fidelity shall require the prior written consent of Fidelity, and (ii) Sections 3(c), 3(d) and 3(e) shall require the prior written consent of the holders of
a majority of the then outstanding Series B Preferred Stock; provided, further, that that any amendment, termination or waiver of (i) Sections 1(c), 1(d), 2(f), 3(b), 6(e) and 6(l) that are adverse to the T. Rowe Price
Investors shall require the prior written consent of T. Rowe Price Investors and (ii) Sections 3(c), 3(d) and 3(e) shall require the prior written consent of the holders of a majority of the then outstanding shares of Series C
Preferred Stock; provided further, that any amendment, termination or waiver of (i) Sections 1(c), 1(d), 2(a), 2(b), 2(c), 2(g), 3(b), 6(e) and 6(l) that are adverse to Mubadala shall require the written consent of Mubadala, and
(ii) Sections 3(c), 3(d) and 3(e) shall require the prior written consent of the holders of a majority of the then outstanding shares of Series D Preferred Stock; provided further, that any amendment, termination or waiver of
Sections 1(c), 1(d), 2(h) or 6(e) that are adverse to the Vertical Funds and their Affiliates shall require the prior written consent of the Vertical Funds; provided further, that any amendment, termination or waiver of Sections 2(i),
3(d), Section 3(b)(vi)(B) or 6(e) that are adverse to D1 and their Affiliates shall require the prior written consent of D1; and provided further, that the holders of a majority of the outstanding Series E Preferred Stock, which such
majority shall also include the affirmative written consent of D1 for so long as D1 and its Affiliates continues to own at least 15,131,477 shares of Series E Preferred Stock (as adjusted for stock splits, combinations, recapitalizations and
the like), shall also be required for any waiver of Section 3(e) where the issuance of the Proposed Securities is fully subscribed for by a strategic investor in the Company that is not coupled with any joint venture, collaboration,
partnership, license or similar agreement or arrangement between the Company and such strategic investor. The Company shall give notice of any amendment or termination hereof or waiver hereunder to any party hereto that did not consent in writing to
such amendment, termination, or waiver. Any amendment, termination, or waiver effected in accordance with this Section 6(e) shall be binding on all parties hereto, regardless of whether any such party has consented thereto.

 (f)    Severability. In the event that any part or parts of this Agreement shall be held illegal or
unenforceable by any court or administrative body of competent jurisdiction, such determination shall not affect the remaining provisions of this Agreement which shall remain in full force and effect. 

(g)    Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each
Investor shall execute and deliver any additional documents and instruments and perform any additional acts that the Company or Warburg Pincus determines to be necessary or appropriate to effectuate and perform the provisions of this Agreement and
those transactions. 

  
 31 

 (h)    No Partnership. Nothing in this Agreement and no
actions taken by the parties under this Agreement shall constitute a partnership, association or other co-operative entity between any of the parties or cause any party to be deemed the agent of any other
party for any purpose. 
 (i)    Specific Performance. It is hereby agreed and acknowledged that it will
be impossible to measure in money the damages that would be suffered if the parties fail to comply with any of the obligations herein imposed on them and that, in the event of any such failure, an aggrieved Person will be irreparably damaged and
will not have an adequate remedy at law. Any such party shall, therefore, be entitled (in addition to any other remedy to which such party may be entitled at law or in equity) to injunctive relief, including specific performance, to enforce such
obligations, without the posting of any bond and if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the parties hereto shall raise the defense that there is an adequate remedy at law. 

(j)    Third Party Beneficiaries. This Agreement does not create any rights, claims or benefits inuring to
any Person that is not a party hereto, and it does not create or establish any third party beneficiary hereto. 

(k)    Counterparts. This Agreement may be executed in two or more counterparts (including by facsimile),
each of which shall be deemed an original and all of which together shall be considered one and the same agreement. 

(l)    GRANT OF IRREVOCABLE PROXY. EACH OTHER INVESTOR (OTHER THAN FIDELITY AND ITS AFFILIATES AND EACH T. ROWE PRICE
INVESTOR) AND KEY COMMON HOLDER HEREBY GRANTS TO EACH OF THE WP X FUNDS SUCH OTHER INVESTOR’S OR KEY COMMON HOLDER’S PROXY, AND APPOINTS EACH OF THE WP X FUNDS, OR ANY DESIGNEE OR NOMINEE OF THE WP X FUNDS, AS SUCH OTHER INVESTOR’S OR
KEY COMMON HOLDER’S ATTORNEY-IN-FACT (WITH FULL POWER OF SUBSTITUTION AND RESUBSTITUTION), FOR AND IN ITS NAME, PLACE AND STEAD, (I) TO VOTE OR ACT BY WRITTEN
CONSENT WITH RESPECT TO THE GRANTED EQUITY SHARES (WHETHER OR NOT VESTED) NOW OR HEREAFTER OWNED BY SUCH OTHER INVESTOR (OR ANY TRANSFEREE THEREOF) (INCLUDING THE RIGHT TO SIGN HIS, HER OR ITS NAME TO ANY CONSENT, CERTIFICATE OR OTHER DOCUMENT
RELATING TO THE COMPANY THAT DELAWARE LAW MAY REQUIRE) IN CONNECTION WITH ANY AND ALL MATTERS, INCLUDING, WITHOUT LIMITATION, MATTERS SET FORTH HEREIN AS TO WHICH ANY VOTE OR ACTIONS MAY BE REQUESTED OR REQUIRED; (II) TO VOTE OR ACT BY WRITTEN
CONSENT WITH RESPECT TO THE SHARES (INCLUDING ANY PURCHASED EQUITY SHARES OR GRANTED EQUITY SHARES) AND THE COMMON SHARES NOW OR HEREAFTER OWNED BY SUCH OTHER INVESTOR OR KEY COMMON HOLDER (OR ANY TRANSFEREE THEREOF) (INCLUDING THE RIGHT TO SIGN
HIS, HER OR ITS NAME TO ANY CONSENT, CERTIFICATE OR OTHER DOCUMENT RELATING TO THE COMPANY THAT APPLICABLE LAW MAY REQUIRE) IN CONNECTION WITH ANY AND ALL MATTERS CONTEMPLATED BY SECTION 3(D) (DRAG-ALONG RIGHTS), (III) TO TAKE ANY

  
 32 

 
AND ALL REASONABLE ACTION NECESSARY TO SELL OR OTHERWISE TRANSFER ANY SHARES (INCLUDING ANY PURCHASED EQUITY SHARES OR GRANTED EQUITY SHARES) OWNED BY SUCH OTHER INVESTOR OR KEY COMMON HOLDER AS
CONTEMPLATED BY SECTION 3(D) (DRAG- ALONG RIGHTS) HEREOF AND (IV) WITH RESPECT TO OTHER INVESTORS THAT ARE NOT EMPLOYEES OF THE COMPANY OR ITS SUBSIDIARIES (INCLUDING FORMER EMPLOYEES), TO VOTE OR ACT BY WRITTEN CONSENT WITH RESPECT TO THE
PURCHASED EQUITY SHARE NOW OR HEREAFTER OWNED BY SUCH OTHER INVESTOR (OR ANY TRANSFEREE THEREOF) (INCLUDING THE RIGHT TO SIGN HIS, HER OR ITS NAME TO ANY CONSENT, CERTIFICATE OR OTHER DOCUMENT RELATING TO THE COMPANY THAT DELAWARE LAW MAY REQUIRE)
IN CONNECTION WITH ANY AND ALL MATTERS, INCLUDING, WITHOUT LIMITATION, MATTERS SET FORTH HEREIN AS TO WHICH ANY VOTE OR ACTIONS MAY BE REQUESTED OR REQUIRED. THIS PROXY IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE, AND EACH SUCH OTHER
INVESTOR (OTHER THAN FIDELITY AND ITS AFFILIATES AND EACH T. ROWE PRICE INVESTOR) WILL TAKE SUCH FURTHER ACTION OR EXECUTE SUCH OTHER INSTRUMENTS AS MAY BE REASONABLY NECESSARY TO EFFECTUATE THE INTENT OF THIS PROXY AND, EXCEPT WITH RESPECT TO ANY
OTHER PROXY GIVEN BY THE OTHER INVESTOR TO THE COMPANY OR WARBURG PINCUS, HEREBY REVOKES ANY PROXY PREVIOUSLY GRANTED BY SUCH OTHER INVESTOR WITH RESPECT TO SUCH OTHER INVESTOR’S SHARES. IN THE EVENT THAT THE PROXY GRANTED IN THIS SECTION 6(L)
(GRANT OF IRREVOCABLE PROXY) IS INCONSISTENT WITH THE TERMS OF ANY OTHER PROXY GRANTED BY AN OTHER INVESTOR TO THE WP X FUNDS OR ANY OTHER PERSON, INCLUDING PURSUANT TO ANY STOCK INCENTIVE OR OTHER EQUITY COMPENSATION PLAN OF THE COMPANY, THEN THE
TERMS OF THE PROXY GRANTED IN THIS SECTION 6(L) (GRANT OF IRREVOCABLE PROXY) SHALL GOVERN. IN THE EVENT THAT ANY OR ALL PROVISIONS OF THIS SECTION 6(L) (GRANT OF IRREVOCABLE PROXY), ARE DETERMINED TO BE UNENFORCEABLE, EACH OTHER INVESTOR (OTHER THAN
FIDELITY AND ITS AFFILIATES AND EACH T. ROWE PRICE INVESTOR) AND KEY COMMON HOLDER WILL ENTER INTO A PROXY THAT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, PRESERVES THE INTENT AND PROVIDES THE WP X FUNDS SUBSTANTIALLY THE SAME BENEFITS OF
THIS SECTION 6(L) (GRANT OF IRREVOCABLE PROXY). NOTWITHSTANDING THE ABOVE, MUBADALA’S GRANT OF A PROXY UNDER THIS SECTION (K) (GRANT OF IRREVOCABLE PROXY) IS LIMITED TO MATTERS SET FORTH IN SECTIONS
2(A)-(B) (BOARD OF DIRECTORS) AND SECTION 3(D) (DRAG ALONG RIGHTS) ONLY AND THIS SECTION 6(L) SHALL NOT APPLY TO MUBADALA WITH RESPECT TO MATTERS SET FORTH IN OTHER SECTIONS OF THIS AGREEMENT. 

(m)    Agreements to Be Bound. Upon acceptance by the Company of a Joinder Agreement or as contemplated by
Section 1(b) (Additional Investors or Key Common Holders), Schedule I, Schedule II or Schedule IV hereof, as applicable, shall be amended to include the applicable joining party and attached to this Agreement
and be effective with no further action or consent required. 

  
 33 

 (n)    After Acquired Securities. Each Investor and Key
Common Holder agrees that, except as otherwise provided herein, all of the provisions of this Agreement shall apply to all of the Shares or Common Shares now Owned (including any Granted Equity Shares and Purchased Equity Shares) or which may be
issued or Transferred hereafter to such Investor or Key Common Holder in consequence of any additional issuance, purchase, Transfer, exchange or reclassification of any of such Shares, corporate reorganization, or any other form of recapitalization,
consolidation, acquisition, stock split or stock dividend, or which are acquired by an Investor or a Common Holder in any other manner. 

(o)    WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER
THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTIONS, SUITS, DEMAND LETTERS, JUDICIAL,
ADMINISTRATIVE OR REGULATORY PROCEEDINGS, OR HEARINGS, NOTICES OF VIOLATION OR INVESTIGATIONS ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (I) SUCH PARTY HAS CONSIDERED THE
IMPLICATIONS OF THIS WAIVER AND (II) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY. 
 (p)    “Market Stand-Off” Agreement. Each of the Other Investors (other than any Mutual Fund Investor, whose obligations with respect to the subject matter of this Section 6(p)
(“Market Stand-Off” Agreement) are governed by the Registration Rights Agreement) and each Key Common Holder, agrees, if requested by the Company or the managing underwriter or
underwriters of an offering of equity securities of the Company, not to offer for sale, sell, pledge or otherwise transfer or dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition
by any Person at any time in the future of) any Shares or Common Shares held or owned by such Other Investor or such Key Common Holder, as applicable, or securities convertible into or exercisable or exchangeable for Shares or Common Shares during
the period beginning seven (7) days before and ending 180 days (in the event of the Initial Public Offering) or 90 days (in the event of any other offering of equity securities) (or, in each case, such other period as may be
reasonably requested by the Company or the managing underwriter or underwriters to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions,
including, but not limited to, the restrictions contained in the FINRA rules or any successor provisions or amendments thereto) after the date of the underwriting agreement entered into in connection with such offering of equity securities of the
Company. If requested by the managing underwriter or underwriters of any such offering of the Company, the Other Investors and the Key Common Holders shall execute a separate agreement to the foregoing effect. The Company may impose stop-transfer
instructions with respect to the Shares and Common Shares (or other securities) subject to the foregoing restriction until the end of the period referenced above. 

(q)    Lost, etc. Certificates Evidencing Shares; Exchange. Upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of any certificate evidencing any Shares owned by an Investor and (in the case of loss, theft or destruction) of a bond or an indemnity satisfactory to it, and upon
surrender and cancellation of 

  
 34 

 
such certificate, if mutilated, the Company will make and deliver in lieu of such certificate a new certificate of like tenor and for the number of securities evidenced by such certificate which
remain outstanding. Upon surrender of any certificate representing any Shares for exchange at the office of the Company, the Company at its expense will cause to be issued in exchange therefor new certificates in such denomination or denominations
as may be requested for the same aggregate number of Shares represented by the certificate so surrendered and registered as such holder may request. 

(r)    Terms Generally. The words “hereby”, “herein”,
“hereof”, “hereunder” and words of similar import refer to this Agreement as a whole and not merely to the specific section, paragraph or clause in which such word appears. All references herein to
Articles and Sections shall be deemed references to Articles and Sections of this Agreement unless the context shall otherwise require. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The definitions given for terms in this Agreement shall apply equally to both the singular and plural forms of the terms
defined. References herein to any agreement or letter shall be deemed references to such agreement or letter as it may be amended, restated or otherwise revised from time to time. Whenever required by the context hereof, the singular number shall
include the plural, and vice versa; the masculine gender shall include the feminine and neuter genders; and the neuter gender shall include the masculine and feminine genders. 

(s)    Draftsmanship. Each of the parties signing this Agreement on the date first set forth above has been
represented by his, her or its own counsel and acknowledges that he, she or it has participated in the drafting of this Agreement, and any applicable rule of construction to the effect that ambiguities are to be resolved against the drafting party
shall not be applied in connection with the construction or interpretation of this Agreement. Each of the parties joining this Agreement after the date first set forth above has been represented by his, her or its own counsel, has read and
understands the terms of this Agreement and has been afforded the opportunity to ask questions concerning the Company and this Agreement, and any applicable rule of construction to the effect that ambiguities are to be resolved against the drafting
party shall not be applied in connection with the construction or interpretation of this Agreement. 

(t)    State of Residence. Each Other Investor that is a natural person represents and warrants that it is a
resident of the state set forth on such Other Investor’s signature page hereto. In the event an Other Investor changes its state of residence, such Other Investor shall promptly inform the Company of its new state of resident. 

(u)    Consent of Spouse. If any Other Investor or Key Common Holder is married or marries or remarries
after the date of this Agreement, at the request of the Company such Other Investor or Key Common Holder shall cause his or her spouse to execute and deliver to the Company a consent of spouse in the form reasonably requested by the Company and
consistent with spousal consent forms for investments of the type contemplated by this Agreement. 
 [Remainder of Page Intentionally Left
Blank] 

  
 35 

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

			
	OUTSET MEDICAL, INC.
		
	By:	 	 /s/ Leslie Trigg

	Name:	 	Leslie Trigg
	Title:	 	President and Chief Executive Officer

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	AURORA INVESTMENT COMPANY LLC
		
	By:	 	 /s/ Andre Namphy

	Name:	 	Andre Namphy
	Title:	 	Authorised Signatory
		
	By:	 	 /s/ Camilla Macapili Languille

	Name:	 	Camilla Macapili Languille
	Title:	 	Authorised Signatory

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	D1 CAPITAL PARTNERS MASTER LP
	
	By: D1 Capital Partners GP Sub LLC, its General
	Partner	 	
		
	By:	 	 /s/ Dan Sundheim

	Name:	 	Dan Sundheim
	Title:	 	Founder and CEO

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	FIDELITY SELECT PORTFOLIOS: HEALTH CARE PORTFOLIO
		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory
	
	FIDELITY SELECT PORTFOLIOS: SELECT MEDICAL TECHNOLOGY AND DEVICES
PORTFOLIO
		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	FIDELITY ADVISOR SERIES VII: FIDELITY
	ADVISOR HEALTH CARE FUND
		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	VARIABLE INSURANCE PRODUCTS FUND IV: HEALTH CARE PORTFOLIO
		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	 FIDELITY MT. VERNON STREET TRUST:
FIDELITY SERIES GROWTH COMPANY FUND

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory
	
	 FIDELITY MT. VERNON STREET TRUST:
FIDELITY GROWTH COMPANY FUND

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory
	
	 FIDELITY MT. VERNON STREET TRUST:
FIDELITY GROWTH COMPANY K6 FUND

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	FIDELITY GROWTH COMPANY COMMINGLED POOL
	
	By: Fidelity Management Trust Company, as Trustee
		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	FIDELITY CENTRAL INVESTMENT PORTFOLIOS LLC: FIDELITY HEALTH CARE CENTRAL
FUND
		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	PERCEPTIVE LIFE SCIENCES MASTER FUND LTD
		
	By:	 	 /s/ James H Mannix

	Name:	 	James H Mannix
	Title:	 	CEO

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	T. ROWE PRICE HEALTH SCIENCES FUND, INC.
	TD MUTUAL FUNDS - TD HEALTH SCIENCES FUND
	VALIC COMPANY I – HEALTH SCIENCES FUND
	T. ROWE PRICE HEALTH SCIENCES PORTFOLIO
	Each account, severally and not jointly
	
	By: T. Rowe Price Associates, Inc., Investment Adviser or Sub adviser, as applicable
		
	By:	 	 /s/ Jon Wood

	Name:	 	Jon Wood
	Title:	 	Vice President

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	T. ROWE PRICE NEW HORIZONS FUND, INC.
	T. ROWE PRICE NEW HORIZONS TRUST
	T. ROWE PRICE U.S. EQUITIES TRUST
	MASSMUTUAL SELECT FUNDS - MASSMUTUAL
	SELECT T. ROWE PRICE SMALL AND MID CAP BLEND FUND
	Each account, severally and not jointly
	
	By: T. Rowe Price Associates, Inc., Investment Adviser or Sub adviser, as applicable
		
	By:	 	 /s/ Francisco Alonso

	Name:	 	Francisco Alonso
	Title:	 	Vice President

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	PFM Healthcare Master Fund, L.P.
	By: Partner Fund Management, L.P., its investment
	adviser	 	
		
	By:	 	 /s/ Yuan DuBord

	Name:	 	Yuan DuBord
	Title:	 	CFO
	
	PFM Healthcare Principals Fund, L.P.
	By: Partner Investment Management, L.P., its
	investment adviser
		
	By:	 	 /s/ Yuan DuBord

	Name:	 	Yuan DuBord
	Title:	 	CFO
	
	Partner Investment L.P.,
	By: Partner Fund Management, L.P., its investment
	adviser	 	
		
	By:	 	 /s/ Yuan DuBord

	Name:	 	Yuan DuBord
	Title:	 	CFO

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

			
	WARBURG PINCUS X PARTNERS, L.P.
		
	  By:	 	 Warburg Pincus X, L.P., its General Partner

			
		
	    By:	 	Warburg Pincus X GP L.P., its General Partner

			
		
	      By:	 	 WPP GP LLC, its General Partner

			
		
	        By:	 	 Warburg Pincus Partners, L.P., its Managing Member

			
		
	          By:	 	 Warburg Pincus Partners GP LLC, its General Partner

			
		
	            By:	 	 Warburg Pincus & Co., its Managing Member

  

					
	By:	 	 /s/ Steven Glenn

		 	Name:	 	Steven Glenn
		 	Title:	 	Partner

  

			
	WP X FINANCE, L.P.
		
	  By:	 	 WPX GP, L.P., its Managing General Partner

			
		
	    By:	 	Warburg Pincus Private Equity X, L.P., its General Partner

			
		
	      By:	 	 Warburg Pincus X, L.P., its General Partner

			
		
	        By:	 	 Warburg Pincus X GP L.P., its General Partner

			
		
	          By:	 	 WPP GP LLC, its General Partner

			
		
	            By:	 	 Warburg Pincus Partners, L.P., its Managing Member

			
		
	              By:	 	 Warburg Pincus Partners GP LLC, its General Partner

			
		
	                By:	 	 Warburg Pincus & Co., its Managing Member

  

					
	By:	 	 /s/ Steven Glenn

		 	Name:	 	Steven Glenn
		 	Title:	 	Partner

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Rebecca Chambers
	
	             /s/ Rebecca Chambers

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Leslie Trigg
	
	             /s/ Leslie Trigg

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Bhavesh Patel
	
	             /s/ Bhavesh Patel

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	D. Keith Grossman
	
	             /s/ D. Keith Grossman

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Jamie Lewis
	
	             /s/ Jamie Lewis

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Jennifer Mascioli-Tudor
	
	             /s/ Jennifer
Mascioli-Tudor

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Jim Curtis
	
	             /s/ Jim Curtis

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Kulwant Sandhu
	
	             /s/ Kulwant Sandhu

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Michael Baker
	
	             /s/ Michael Baker

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Stacey Porter
	
	             /s/ Stacey Porter

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Martin Vazquez
	
	             /s/ Martin Vazquez

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Michael Aragon
	
	             /s/ Michael Aragon

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT] 

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

	
	KEY COMMON HOLDER:
	
	Chad Hoskins
	
	             /s/ Chad Hoskins

	(Signature)

  

[SIGNATURE PAGE TO AMENDED AND RESTATED
STOCKHOLDERS AGREEMENT]EX-10.10

 Exhibit 10.10 

*Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed.

 MONTAGUE SQUARE 

LEASE 
 BY AND BETWEEN

 WH SILICON VALLEY IV LP, 

A Delaware limited partnership 

AND 
 OUTSET MEDICAL,
INC., 
 a Delaware corporation 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 Table of Contents 

 

							
	 1.
	 	 Basic Lease Terms
	  	 	1	 
			
	 2.
	 	 Delivery of Possession and Commencement; Landlord’s Work; Early Access
	  	 	3	 
			
	 3.
	 	 Lease Term
	  	 	5	 
			
	 4.
	 	 Rent Payment
	  	 	7	 
			
	 5.
	 	 Letter of Credit
	  	 	8	 
			
	 6.
	 	 Use of the Premises; Hazardous Materials
	  	 	12	 
			
	 7.
	 	 Utility Charges; Building Maintenance
	  	 	18	 
			
	 8.
	 	 Taxes, Assessments and Operating Expenses
	  	 	20	 
			
	 9.
	 	 Parking
	  	 	24	 
			
	 10.
	 	 Tenant’s Indemnification
	  	 	25	 
			
	 11.
	 	 Insurance; Waiver of Subrogation
	  	 	25	 
			
	 12.
	 	 Property Damage
	  	 	27	 
			
	 13.
	 	 Condemnation
	  	 	28	 
			
	 14.
	 	 Assignment, Subletting and Other Transfers
	  	 	29	 
			
	 15.
	 	 Tenant Default
	  	 	31	 
			
	 16.
	 	 Landlord Default
	  	 	35	 
			
	 17.
	 	 Surrender at Expiration or Termination
	  	 	35	 
			
	 18.
	 	 Mortgage or Sale by Landlord; Estoppel Certificates
	  	 	36	 
			
	 19.
	 	 Liens
	  	 	37	 
			
	 20.
	 	 Attorneys Fees; Waiver of Jury Trial
	  	 	38	 
			
	 21.
	 	 Limitation on Liability; Transfer by Landlord
	  	 	38	 
			
	 22.
	 	 Landlord’s Right to Perform Tenant’s Covenants
	  	 	38	 
			
	 23.
	 	 Mortgagee Protection
	  	 	39	 
			
	 24.
	 	 Real Estate Brokers; Finders
	  	 	39	 
			
	 25.
	 	 Miscellaneous
	  	 	39	 
			
	 26.
	 	 Special Provisions
	  	 	44	 

  
 Page i 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 LEASE 

For valuable consideration, Landlord and Tenant hereby covenant and agree as follows: 

 

	1.	 Basic Lease Terms. 

1.1.    Reference Date of Lease. September 19, 2019 

1.2.    Landlord. WH SILICON VALLEY IV LP, a Delaware limited partnership (“Landlord”) 

 

			
	Address for Payment of Rent:	  	WH Silicon Valley IV LP
		  	PO Box 516588
		  	Los Angeles, CA 90051-0598
		
	Address For Notices:	  	c/o Washington Holdings, LLC
		  	600 University Street, Suite 2820
		  	Seattle, WA 98101

 1.3.    Tenant. OUTSET MEDICAL, INC., a
Delaware corporation (“Tenant”) 
  

			
	Trade Name: N/A	  	
		
	Address for Invoices:	  	At the Premises
		
	Address for Notices:	  	At the Premises
		
	Taxpayer ID Number:	  	20-0514392

 1.4.    Building. The building shown on Exhibit B and
located at the address commonly known as 3052 Orchard Drive, San Jose, CA 95134 (the “Building”). 

1.5.    Premises; Premises Area. All of the Building as generally shown on the attached
Exhibit A (the “Premises”). The Premises shall consist of approximately 40,413 rentable square feet (the “Premises Area”). 

1.6.    Outside Area. All areas and facilities within the Project (as defined below) exclusive of the interior of
the Building which are not appropriated to the exclusive occupancy of tenants, including all non-reserved vehicle parking areas, perimeter roads, traffic lanes, driveways, sidewalks, pedestrian walkways,
landscaped areas, signs, service delivery facilities, truck maneuvering areas, trash disposal facilities, common storage areas, common utility facilities and all other areas for non-exclusive use (the
“Outside Area”). Landlord reserves the right to change, reconfigure or rearrange the Outside Area and to do such other acts in and to the Outside Area as Landlord deems necessary or desirable, provided that Landlord shall use commercially
reasonable efforts not to adversely impact or impair Tenant’s use of or access to the Premises. 

1.7.    Project. The project in which the Premises and Building are located (and which includes the Premises and
Building) is commonly known as Montague Square (the “Project”), as 

  
 Page 1 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
generally shown on Exhibit B attached hereto and incorporated herein, and which contains approximately [***] rentable square feet of space. Landlord reserves the right
to construct additional buildings within the Project, in which event the area of such buildings shall be added to the area of the existing buildings to determine the total building area of the Project. Landlord further reserves the right to
incorporate into the Project any real property adjacent to the Project and on which one or more buildings have been constructed. 

1.8.    Permitted Use. General office, medical device assembly, research and development, warehousing of
Tenant’s product all in conformity with the municipal zoning requirements of the City of San Jose and for any other legally permitted use or purpose with Landlord’s approval, which shall not be unreasonably withheld, conditioned or delayed
(the “Permitted Use”). 
 1.9.    Lease Term. 

1.9.1.     Commencement Date. The “Commencement Date” shall be thirty (30) days following the date on
which Landlord has delivered the Premises to Tenant with the Landlord’s Work described in Exhibit C Substantially Completed (as that term is defined in Exhibit C). The Commencement Date is anticipated to occur
on February 15, 2020 (the “Target Commencement Date”). 
 1.9.2.    Expiration Date. The last day
of the eighty-fourth (84th) full calendar month after the month in which the Commencement Date occurs (the “Expiration Date”). 

1.9.3.    Extension Option. [***] 

1.9.4.    Number of Full Calendar Months. Approximately eighty-four (84) full calendar months plus the First
Partial Month, if any (as defined below); if the Commencement Date does not occur on the first day of a month, the Lease Term shall additionally include that portion of the month in which the Commencement Date occurs and which follows the
Commencement Date (the “First Partial Month”). 
 1.10.    Base Rent. Subject to Paragraphs 3 and
4.1, monthly payments of base rent (“Base Rent”) shall be according to the following schedule: 
  

			
	 Period of Time
	  	Monthly Base Rent
	Months 1— 3	  	[***]
	Months 4 — 12	  	[***]
	Months 13 — 24	  	[***]
	Months 25 — 36	  	[***]
	Months 37 — 48	  	[***]
	Months 49 — 60	  	[***]
	Months 61— 72	  	[***]
	Months 73 — 84	  	[***]

  
 Page 2 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 * Tenant shall nevertheless be obligated to pay all Additional Rent during this period, including without
limitation Tenant’s Proportionate Share of Operating Expenses and Tenant’s Proportionate Share of Taxes. 
 If the Commencement Date does not
occur on the first day of a month, Base Rent for the First Partial Month shall be equal to the initial monthly Base Rent set forth in the chart above, prorated to reflect the number of days during the First Partial Month. 

1.11.    Letter of Credit. Within [***] days of the Effective Date, Tenant shall cause to be deposited with
Landlord an original letter of credit (the “Letter of Credit”) in the principal amount of Five Hundred Ninety-One Thousand Three Hundred Seven and 44/100 Dollars ($591,307.44). The Letter of Credit
shall be subject to the terms and conditions of Paragraph 5 below. 
 1.12.    Tenant’s Proportionate
Share(s). Subject to Paragraph 8.2, (i) Tenant’s initial proportionate share for Taxes (as defined in Paragraph 8.2.1) for the Building is [***] and for the entire Project is [***], and (ii) Tenant’s initial
proportionate share for Operating Expenses (as defined in Paragraph 8.3) is for the Building is [***] and for the entire Project is [***]. 

1.13.    Estimated Operating Expenses and Taxes: The aggregate estimated initial payment for allocation toward
Operating Expenses and Taxes for the first full calendar month of the Term is [***]. 
 1.14.    Intentionally
omitted. 
 1.15.    Landlord’s Work. Those improvements to the Premises to be constructed by Landlord
pursuant to Exhibit C attached hereto and incorporated herein (“Landlord’s Work”). 

1.16.    Landlord’s Agents. Landlord’s agents, partners, subsidiaries, directors, officers, and employees
(“Landlord’s Agents”). 
 1.17.    Tenant’s Agents. Tenant’s agents, employees,
contractors, subtenants, or invitees (“Tenant’s Agents”). 
 This lease (this “Lease”) is entered into as of the Reference Date set
forth above by Landlord and Tenant (each as defined above in the Basic Lease Terms). 
  

	2.	 Delivery of Possession and Commencement; Landlord’s Work; Early Access. 

2.1.    Delivery of Possession and Commencement. If Landlord shall be delayed in substantially completing the
Landlord’s Work in the Premises as a result of Tenant Delay (as hereinafter defined), then, for purposes of determining the Commencement Date, the date of substantial completion shall be deemed to be the day that Landlord’s Work would have
been substantially completed absent any such Tenant Delay. The term “Tenant Delays” as used in this Lease shall mean any delay or delays resulting from one or more of the following: 

2.1.1.    Tenant’s failure to furnish information or approvals within any time period specified in this Lease,
including the failure to approve plans by any applicable due date, provided such failure is not caused by Landlord or its agents; 

  
 Page 3 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 2.1.2.    Tenant’s selection of equipment or materials that have
long lead times after first being informed by Landlord that the selection may result in a delay; 
 2.1.3.    Changes
requested or made by Tenant to previously approved plans and specifications after first being informed by Landlord that the changes may result in a delay; 

2.1.4.    The performance of work in the Premises by Tenant or Tenant’s contractor(s) during the performance of
Landlord’s Work; or 
 2.1.5.    A breach of, or a default by Tenant under this Lease (including, without
limitation Exhibit C), which continues beyond any applicable notice and cure period; 
 Landlord shall have no liability to Tenant for any such
delays in the delivery of possession and neither Landlord nor Tenant shall have the right to terminate this Lease as the result of such delays, except as set forth in the immediately succeeding sentence. If Landlord is unable to deliver the Premises
to Tenant with the Landlord’s Work Substantially Complete within [***] days following the Target Commencement Date (the “Outside Delivery Date”) due to reasons other than Tenant Delays, a Review Grace Period (as defined in
Exhibit C) or force majeure, then Tenant shall be entitled to one (1) day of abatement of Base Rent for each additional day of delay in delivering the Premises (the “Outside Delivery Rental Abatement”), which abatement shall be
applied beginning after the expiration of any applicable Rent abatement period specified elsewhere herein; provided, however, [***]. 

2.2.    Landlord’s Work; As-Is Delivery. The Premises shall be
delivered to Tenant with Landlord’s Work Substantially Completed as set forth in Exhibit C. The existence of any “punchlist”-type items in the Landlord’s Work shall not postpone the Commencement Date of
this Lease, provided that Landlord’s Work is otherwise Substantially Complete. Landlord shall promptly and diligently complete any “punchlist” items in Landlord’s Work within [***] days subject to Tenant Delay and force
majeure. Landlord shall deliver the Premises, roof, parking lots and any path of travel to the Building and/or Premises, HVAC, plumbing, sewer lines, electrical and related mechanical systems in good working order and condition and in compliance
with all Applicable Laws and shall warrant the same for a period of [***] months. Pursuant to said warranty, Landlord shall maintain such elements in good working order and condition, or remedy any breach of said warranty, at Landlord’s
sole cost not subject to reimbursement or inclusion in Operating Expenses, for a period of [***] months following the Commencement Date. 
 Tenant
hereby acknowledges that Tenant has inspected the Premises and, subject to the performance of Landlord’s Work, agrees to accept the same “AS IS” and in their present condition, and without any representation or warranty by or
from Landlord as to the condition of the Premises, the habitability of the Premises, the fitness of the Premises for the Permitted Use and/or the conduct of Tenant’s business in the Premises, or the zoning of the Premises, in each case except
as otherwise expressly set forth herein. If any Tenant Delays occur, the Commencement Date shall be the date that, in the reasonable opinion of Landlord’s architect or space planner, substantial completion would have occurred if such delays had
not taken place. 
 2.3.    Subject to the terms of this Paragraph 2.3 and provided this Lease has been fully executed
by all parties and Tenant has delivered all prepaid rental as set forth in Paragraph 4.1.1  

  
 Page 4 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
and Paragraph 4.1.2 below, the Letter of Credit, and insurance certificates required hereunder, Landlord grants Tenant the right to enter the Premises, at Tenant’s sole risk, solely
for the purpose of installing telecommunications and data cabling, equipment, furnishings and other personalty for [***] days prior to the Commencement Date (“Early Access Date”). Tenant shall comply with all terms and provisions of
this Lease, except those provisions requiring payment of Base Rent or Tenant’s Proportionate Share of Operating Expenses and Taxes. In no event may Tenant’s right of early access interfere with the prosecution of the Landlord’s Work
to the Premises. Landlord shall use commercially reasonable efforts to keep Tenant apprised of the estimated date of Substantial Completion and the corresponding Early Access Date, including by providing copies of the construction schedule to
Tenant. Promptly upon having knowledge of same, Landlord shall communicate to Tenant any expected delays in Substantial Completion and/or the corresponding Early Access Date. 

2.4.    CASp. Pursuant to Section 1938 of the California Civil Code, Tenant acknowledges the following:
“A Certified Access Specialist (“CASp”) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law
does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee
or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to
correct violations of construction-related accessibility standards within the premises. The Landlord represents that the Project, Building and Premises
                 have     x     have not undergone inspection by a Certified
Access Specialist (if not filled in, the Project, Building, and Premises have not undergone such inspection).” 
  

	3.	 Lease Term. 

The term of this Lease shall commence on the Commencement Date and expire on the Expiration Date (the “Lease Term”). The Expiration
Date of this Lease shall be the date stated in the Basic Lease Terms or, if delivery of the Premises is delayed as set forth in Paragraph 2.1 or Paragraph 2.2, the last day of the calendar month that is the number of full calendar
months stated in the Basic Lease Terms from the month in which the Commencement Date occurs. When the actual Commencement Date is determined, the parties shall execute a Commencement Date Memorandum setting forth such date in the form attached
hereto and incorporated herein as Exhibit D. 
 3.1.    Option to Extend Term. Provided
that Tenant is not in default under this Lease at the time of exercise of its Extension Option (hereafter defined in this Paragraph 3.1) and at commencement of the Extension Term (hereafter defined in this Paragraph 3.1), Tenant shall
have the option (the “Extension Option”) to extend the initial term of this Lease (the “Initial Term”) for [***] (the “Extension Term”), commencing at the expiration of the Initial Term. 

3.1.1.    If Tenant exercises the Extension Option, Tenant shall give unconditional written notice (the “Exercise
Notice”) of its exercise to Landlord not earlier than [***] months and not later than [***] months prior to the expiration of the Initial Term. Tenant’s failure to give the 

  
 Page 5 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
Exercise Notice in a timely manner shall be deemed a waiver of Tenant’s Extension Option. The terms, covenants and conditions applicable to the Extension Term shall be the same terms,
covenants and conditions of this Lease applicable during the Initial Term, except that: (i) Tenant shall not be entitled to any further options to extend the Term of this Lease beyond the Extension Term; and (ii) the Base Rent for the
Premises shall be the Fair Market Rental Value (hereafter defined in Paragraph 3.1.2) of the Premises. All unexercised Extension Options shall automatically terminate and become null and void upon the earlier to occur of (1) the
occurrence of any uncured event of default beyond applicable notice and cure periods by Tenant of any monetary obligation hereunder, (2) the termination of Tenant’s right to possession of the Premises, (3) the termination of this
Lease, (4) any assignment or transfer, by operation of law or otherwise, of any of Tenant’s interest in this Lease, or any subletting by Tenant of all or any portion of the Premises except with respect to a Permitted Transfer, (5) the
failure of Tenant to timely or properly exercise its Extension Option as aforesaid, or (6) any voluntary reduction in the size of the Premises by Tenant. Once delivered, an Exercise Notice cannot be rescinded or revoked by Tenant. 

3.1.2.    For purposes of this Paragraph 3.1, “Fair Market Rental Value” of the Premises shall be [***].
Notwithstanding anything to the contrary herein, the Fair Market Rental Value of the Premises as determined pursuant to this Paragraph 3.1.2 shall include annual escalations during the Extension Term, and shall be not less than the Base Rent rate in
effect during the final year of the Initial Term. 
 3.1.3.    Within [***] days after Landlord receives the
Exercise Notice, Landlord shall provide in writing to Tenant its estimate of the Fair Market Rental Value of the Premises for the Extension Term. Landlord and Tenant shall for an additional [***] days thereafter attempt in good faith to agree
on the Fair Market Rental Value of the Premises for the Extension Term. If Landlord and Tenant agree on the Fair Market Rental Value of the Premises for the Extension Term during such [***] day period, they shall immediately execute an
amendment to this Lease stating the Base Rent for the Extension Term. 
 3.1.4.    If Landlord and Tenant are unable to
agree on the Base Rent for the Extension Term within the [***] day period described in the second sentence in Paragraph 3.1.3, then within [***] days after the expiration of said [***] day period, either Landlord or Tenant may refer
the matter to arbitration as provided for in this Paragraph 3.1.4. The determination of the arbitrator(s) shall be limited to the sole issue of whether Landlord’s or Tenant’s submitted Fair Market Rental Value is the closest to the
actual Fair Market Rental Value as determined by the arbitrator(s). The arbitrator(s) must be a licensed real estate broker(s) who has/have been active in the leasing of commercial properties in the San Jose, California area over the [***] year
period ending on the date of his/her/their appointment as arbitrator(s). Within [***] days after the date either Landlord or Tenant has referred to arbitration the determination of Fair Market Rental Value of the Premises (the “Arbitration
Referral Date”), Landlord and Tenant shall each (i) appoint one arbitrator and notify the other party of the arbitrator’s name and business address, and (ii) notify the other party of their determination of Fair Market Rental
Value. If each party timely appoints an arbitrator, the two (2) arbitrators shall, within [***] days after the appointment of the second arbitrator, agree on and appoint a third arbitrator (who shall be qualified under the same criteria
set forth above for qualification of the initial two (2) arbitrators) and provide notice to Landlord and Tenant of the arbitrator’s name and business address. Within [***] days after the appointment

  
 Page 6 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
of the third arbitrator, the three (3) arbitrators shall decide whether the parties will use Landlord’s or Tenant’s submitted Fair Market Rental Value and shall notify Landlord and
Tenant of their decision. The decision of the majority of the three (3) arbitrators shall be binding on Landlord and Tenant. If either Landlord or Tenant fails to appoint an arbitrator within [***] days after the Arbitration Referral Date,
the arbitrator timely appointed by one of them shall reach a decision and notify Landlord and Tenant of that decision within [***] days after the arbitrator’s appointment. The arbitrator’s decision shall be binding on Landlord and
Tenant. If each party appoints an arbitrator in a timely manner, but the two (2) arbitrators fail to agree on and appoint a third arbitrator within the required period, the arbitrators shall be dismissed without delay and the issue of Fair
Market Rental Value shall be submitted to binding arbitration under the commercial arbitration rules of the American Arbitration Association (“AAA”), provided that in the event of any inconsistency between such arbitration rules and the
terms and conditions of this Paragraph 3.1.4, the terms and conditions of this Paragraph 3.1.4 shall govern; and provided, further however, that the sole function of the AAA arbitrator shall be to select either Landlord’s or
Tenant’s submitted Fair Market Rental Value. If Landlord and Tenant each fail to appoint an arbitrator in a timely manner, the matter to be decided shall be submitted without delay to binding arbitration under the commercial arbitration rules
of the American Arbitration Association, subject to the provisions of this Paragraph 3.1.4. If only one of the parties has given notice of its determination of Fair Market Rental Value within [***] days after the Arbitration Referral Date, then
such determination shall be the Fair Market Rental Value for the Premises for the Extension Term. If Landlord and Tenant both fail to give notice of their determination of Fair Market Rental value within [***] days after the Arbitration
Referral Date, the determination of Fair Market Rental Value shall be submitted without delay to binding arbitration under the commercial arbitration rules of the American Arbitration Association, subject to the provisions of this Paragraph
3.1.4, and provided, further however, that the sole function of the AAA arbitrator shall be to select either Landlord’s or Tenant’s submitted Fair Market Rental Value. The cost of the arbitration as provided for in this Paragraph
3.1.4 shall be paid [***]. After the Base Rent for the Extension Term has been set, the arbitrator(s) shall immediately notify Landlord and Tenant, and Landlord and Tenant shall immediately execute an amendment to this Lease stating the Base
Rent for the Extension Term. 
  

	4.	 Rent Payment 

4.1.    Base Rent; Additional Rent. Tenant shall pay to Landlord the Base Rent for the Premises set forth in the
Basic Lease Terms and all amounts other than Base Rent that this Lease requires (“Additional Rent”) without demand, deduction or offset. As used herein, “Rent” or “rent” shall mean Base Rent and Additional Rent. Payment
shall be made in U.S. currency by checks payable to Landlord and mailed to the address for rent payments as set forth above or as otherwise may be designated in writing by Landlord. Simultaneous with Tenant’s execution and delivery of this
Lease to Landlord, Tenant shall pay to Landlord the following amounts to be applied as set forth below: 

4.1.1.    Base Rent to be applied toward Base Rent due for the fourth (4th) month of the Lease Term shall be [***].

 4.1.2.    Estimated payment of Operating Expenses and Taxes in the amount of [***] to be applied toward Additional
Rent due for the first full calendar month of the Lease Tem. 

  
 Page 7 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 Thereafter, Base Rent and Additional Rent shall be payable in advance on the first day of each month during
the Lease Term. Base Rent and Additional Rent for any partial month during the Lease Term shall be prorated to reflect the number of days during the relevant month. Payment by Tenant or receipt by Landlord of any amount less than the full Base Rent
or Additional Rent due from Tenant, or any disbursement or statement on any check or letter accompanying any check or rent payment, shall not in any event be deemed an accord and satisfaction. Landlord may accept such check or payment without
prejudice to Landlord’s right to recover the balance of such rental or pursue any other remedy provided in this Lease. 

4.2.    Lockbox Payments. Tenant shall pay Base Rent, Additional Rent or other charges under this Lease to a
“lockbox” or other depository whereby checks issued in payment of such items are initially cashed or deposited by a person or entity other than Landlord (albeit on Landlord’s authority); for any and all purposes under this Lease:
(i) Landlord shall not be deemed to have accepted such payment until the date on which such funds are actually received by Landlord or the “lockbox”, (ii) Landlord shall be deemed to have accepted such payment if (and only if)
Landlord shall not have immediately refunded (or attempted to immediately refund) such payment to Tenant and (iii) Landlord shall not be bound by any endorsement or statement on any check or any letter accompanying any check or payment and no
such endorsement, statement or letter shall be deemed an accord and satisfaction. Landlord or Landlord’s bank may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rent or pursue any other
remedy provided in this Lease, at law or in equity. 
  

	5.	 Letter of Credit. 

5.1.    Concurrent with Tenant’s execution and delivery of this Lease, Tenant shall deliver to Landlord, as collateral
for the full performance by Tenant of all of its obligations under this Lease, and for all losses and damages Landlord may suffer as a result of Tenant’s failure to comply with one or more provisions of the Lease in any case which continues
beyond any applicable notice and cure periods, including, but not limited to, any post lease termination damages under Section 1951.2 of the California Civil Code, an Irrevocable Standby Letter of Credit substantially in the form attached
hereto as Exhibit G (the “Letter of Credit”) in the amount of Five Hundred Ninety One Thousand Three Hundred Seven and 44/100 Dollars ($591,307.44). The following terms and conditions shall apply to the Letter of
Credit: 
 5.1.1.    The Letter of Credit shall be in favor of Landlord, shall be issued by a financial institution
reasonably acceptable to Landlord but in any event (i) that is chartered under the laws of the United States, any State thereof or the District of Columbia, and which is insured by the Federal Deposit Insurance Corporation (“FDIC”),
(ii) whose long-term, unsecured and unsubordinated debt obligations have at least a Standard & Poor’s rating of [***] or better. a Moody’s rating of [***] or better, or a Fitch rating of [***] or better, and (iii) either
(x) has a letter of credit counter located in Santa Clara County upon which draws can be made in person, or (y) has a local correspondent based in Santa Clara County upon which draws can be made in person without delay. The Letter of
Credit shall comply with all of the terms and conditions of this Paragraph and shall otherwise be in a form acceptable to Landlord, in Landlord’s sole discretion. Landlord hereby pre-approves [***] as the
issuing bank. 

  
 Page 8 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 5.1.2.    The Letter of Credit or any replacement Letter of Credit shall
be irrevocable for the term thereof and shall automatically renew on a year to year basis until a period ending not earlier than [***] subsequent to the Expiration Date (the “LOC Expiration Date”) without any action whatsoever on the part
of Landlord; provided that the issuing bank shall have the right not to renew the Letter of Credit by giving written notice to Landlord not less than [***] days prior to the expiration of the then current term of the Letter of Credit that it
does not intend to renew the Letter of Credit. Tenant understands that the election by the issuing bank not to renew the Letter of Credit shall not, in any event, diminish the obligation of Tenant to maintain such an irrevocable Letter of
Credit in favor of Landlord through the LOC Expiration Date. 
 5.1.3.    Landlord, or its then authorized
representative, upon Tenant’s failure to comply with one or more provisions of this Lease or as otherwise specifically agreed by Landlord and Tenant pursuant to this Lease or any amendment hereof, without prejudice to any other remedy provided
in this Lease, or by Applicable Laws, shall have the right, after expiration of any applicable notice and cure periods, from time to time to make one or more draws on the Letter of Credit and use all or part of the proceeds in accordance with
Paragraph 5.1.4 below. In addition, if Tenant fails to furnish a renewal or replacement letter of credit complying with all of the provisions of this Paragraph 5 at least [***] days prior to the stated expiration date of the
Letter of Credit then held by Landlord, Landlord may draw upon such Letter of Credit and hold the proceeds thereof (and such proceeds need not be segregated) in accordance with the terms of this Paragraph 5, provided that any such unused
proceeds shall be returned to Tenant upon Tenant providing a replacement Letter of Credit. Funds may be drawn down on the Letter of Credit upon presentation to the issuing bank of Landlord’s (or Landlord’s then authorized
representative’s) certification. 
 5.1.4.    Tenant acknowledges and agrees (and the Letter of Credit shall so
state) that the Letter of Credit shall be honored by the issuing bank without inquiry as to the truth of the statements set forth in such draw request and regardless of whether the Tenant disputes the content of such statement. The proceeds of the
Letter of Credit shall constitute Landlord’s sole and separate property (and not Tenant’s property or the property of Tenant’s bankruptcy estate). The proceeds of the Letter of Credit shall be applied exclusively and only:
(a) against any rent or other amounts payable by Tenant under this Lease that is not paid when due and such failure continues beyond any applicable notice and cure period; (b) against all losses and damages that Landlord has suffered or
that Landlord reasonably estimates that it may suffer as a result of Tenant’s failure to comply with one or more provisions of this Lease, including any damages arising under Section 1951.2 of the California Civil Code following
termination of this Lease; (c) against any costs incurred by Landlord in connection with Tenant’s breach of this Lease (including attorneys’ fees); and (d) against any other amount that Landlord may spend or become obligated to
spend by reason of Tenant’s default which continues beyond any applicable notice and cure periods. Provided Tenant has performed all of its obligations under this Lease, Landlord agrees to pay to Tenant within [***] days after the LOC
Expiration Date the amount of any proceeds of the Letter of Credit received by Landlord and not applied as allowed above; provided, that if prior to the LOC Expiration Date a voluntary petition is filed by Tenant, or an involuntary petition is filed
against Tenant by any of Tenant’s creditors, under the Federal Bankruptcy Code, then Landlord shall not be obligated to make such payment in the amount of the unused Letter of Credit proceeds until either all preference issues relating to
payments under this Lease, have been resolved in such bankruptcy or reorganization case or such bankruptcy or reorganization case has been dismissed, in each case pursuant to a final court order not subject to appeal or any stay pending appeal. 

  
 Page 9 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 5.1.5.    If, as result of any application or use by Landlord of all or
any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the amount set forth in this Paragraph 5, Tenant shall, within [***] days thereafter, provide Landlord with additional letter(s) of credit in an amount
equal to the deficiency (or a replacement letter of credit in the total amount required pursuant to this Paragraph 5), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this Paragraph
5, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in this Lease, the same shall constitute an incurable Event of Default by Tenant (provided, however, so long as Tenant is diligently
obtaining a replacement Letter of Credit, Tenant may elect to provide a cash security deposit in an equivalent amount, provided any replacement or additional letter(s) of credit are supplied as promptly as possible, but in any event within
[***] days thereafter, at which point the cash security deposit shall be promptly returned to Tenant). Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither
Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. 

5.1.6.    Landlord may, at any time and without notice to Tenant and without first obtaining Tenant’s consent
thereto, transfer all or any portion of its interest in and to the Letter of Credit to another party, person or entity, including Landlord’s mortgagee and/or to have the Letter of Credit reissued in the name of Landlord’s mortgagee. If
Landlord transfers its interest in the Building and transfers the Letter of Credit (or any proceeds thereof then held by Landlord) in whole or in part to the transferee and such transferee assumes in writing Landlord’s obligations under this
Lease, Landlord shall, without any further agreement between the parties hereto, thereupon be released by Tenant from all liability therefor. The provisions hereof shall apply to every transfer or assignment of all or any part of the Letter of
Credit to a new landlord. In connection with any such transfer of the Letter of Credit by Landlord, Tenant shall, at Tenant’s sole cost and expense, execute and submit to the issuer of the Letter of Credit such applications, documents and
instruments as may be necessary to effectuate such transfer. Tenant shall be responsible for paying the issuer’s transfer and processing fees in connection with any transfer of the Letter of Credit and, if Landlord advances any such fees
(without having any obligation to do so), Tenant shall reimburse Landlord for any such transfer or processing fees within [***]days after Landlord’s written request therefor. 

5.1.7.    If the Letter of Credit expires earlier than the LOC Expiration Date, or the issuing bank notifies Landlord that
it shall not renew the Letter of Credit, Landlord shall accept a renewal thereof or substitute Letter of Credit (such renewal or substitute Letter of Credit to be in effect not later than [***] days prior to the expiration thereof), irrevocable
and automatically renewable through the LOC Expiration Date upon the same terms as the expiring Letter of Credit or upon such other terms as may be acceptable to Landlord. However, if (a) the Letter of Credit is not timely renewed, or
(b) a substitute Letter of Credit, complying with all of the terms and conditions of this paragraph is not timely received, Landlord may present such Letter of Credit to the issuing bank, and the entire sum so obtained shall be paid to
Landlord, to be held by Landlord, provided that any such unused proceeds shall be returned to Tenant upon Tenant providing a replacement Letter of Credit. Notwithstanding the foregoing, Landlord shall be entitled to receive from Tenant all actual,
reasonable and out-of-pocket attorneys’ fees and costs incurred in connection with the review of any proposed substitute Letter of Credit pursuant to this
Paragraph. 

  
 Page 10 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 5.1.8.    Landlord and Tenant (a) acknowledge and agree that in no
event or circumstance shall the Letter of Credit or any renewal thereof or substitute therefor or any proceeds thereof be deemed to be or treated as a “security deposit” under any Applicable Laws applicable to security deposits in the
commercial context including Section 1950.7 of the California Civil Code, as such section now exist or as may be hereafter amended or succeeded (“Security Deposit Laws”), (b) acknowledge and agree that the Letter of Credit
(including any renewal thereof or substitute therefor or any proceeds thereof) is not intended to serve as a security deposit, and the Security Deposit Laws shall have no applicability or relevancy thereto, and (c) waive any and all rights,
duties and obligations either party may now or, in the future, will have relating to or arising from the Security Deposit Laws. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code and all other provisions of
Applicable Laws, now or hereafter in effect, which (i) establish the time frame by which Landlord must refund a security deposit under a lease, and/or (ii) provide that Landlord may claim from the security deposit only those sums
reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises, it being agreed that Landlord may, in addition, claim those sums specified above in this Paragraph 5 and/or those sums
reasonably necessary to compensate Landlord for any loss or damage caused by Tenant’s breach of this Lease, or the acts or omission of Tenant, including any damages Landlord suffers following termination of this Lease. 

5.1.9.    Notwithstanding anything to the contrary contained in the Lease, as amended hereby, in the event that at any
time the financial institution which issues said Letter of Credit is declared insolvent by the FDIC or is closed for any reason, Tenant must immediately provide a substitute Letter of Credit that satisfies the requirements of this Lease, hereby from
a financial institution acceptable to Landlord, in Landlord’s sole discretion. 

5.1.10.    If  (A) Tenant’s Financial Information (defined below) reflects [***] consecutive
calendar quarters of profitability at any time during the Lease Term, as evidenced by Tenant’s Financial Information (the “Profitability Test”), or (B) Tenant has received an additional aggregate [***] in equity funding (the
“Equity Funding Test”), then Tenant shall have the right to reduce the Letter of Credit to an amount equal to [***] for the remainder of the Lease Term. If Tenant is entitled to a reduction in the Letter of Credit as provided in this
Paragraph 5.1.10, Tenant shall provide Landlord with written notice requesting that the Letter of Credit be reduced as provided above (the “Reduction Notice”). Concurrent with Tenant’s delivery of the Reduction Notice, Tenant
shall deliver to Landlord for review Tenant’s most recent audited financial statements prepared in the ordinary course of business or, if unaudited, certified by Tenant’s chief financial officer as being prepared in accordance with
Generally Accepted Accounting Principles (“GAAP”) and true, complete and correct in all material respects, and any other financial information reasonably requested by Landlord (“Tenant’s Financial Information”). If Tenant
provides Landlord with a Reduction Notice and Tenant is entitled to reduce the face amount of the Letter of Credit as provided herein, any reduction in the face amount of the Letter of Credit shall be accomplished by Tenant providing Landlord with a
substitute Letter of Credit in the reduced amount, which substitute Letter of Credit shall comply with the requirements of this Paragraph 5. 

Notwithstanding anything to the contrary set forth herein, if Tenant has been in monetary default under this Lease beyond any applicable notice and cure
period or any material non-monetary default at any time prior to submission of a Reduction Notice, then Tenant’s right to reduce the face amount of the Letter of Credit, as described herein, shall be null
and void and of no further force or effect as to any of the reduction opportunities that may remain unexercised by Tenant at such time. 

  
 Page 11 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

	6.	 Use of the Premises; Hazardous Materials. 

6.1.    Permitted Use. Subject to Tenant’s acknowledgment set forth in Paragraph 2.2, the Premises shall
be used for the Permitted Use set forth in the Basic Lease Terms and for no other purpose without Landlord’s prior written consent which may be withheld in Landlord’s sole and absolute discretion. 

6.2.    Compliance with Applicable Laws and Requirements. 

6.2.1.    In connection with its use, Tenant shall at its expense comply with all applicable laws, ordinances, regulations,
codes and orders of any governmental or other public authority including without limitation, the Americans with Disabilities Act, any and all Hazardous Materials Laws as defined in Paragraph 6.6.6 (together with any supplements or
modifications thereto, “Applicable Laws”), and also including, without limitation, those requiring alteration of the Premises because of Tenant’s specific use. Landlord shall comply with all Applicable Laws relating to the exterior of
the Premises and the Outside Areas. 
 6.2.2.    Tenant, at Tenant’s sole cost and expense, shall obtain and
maintain any and all permits and licenses required in order for Tenant to operate the Permitted. Use in the Premises. Tenant shall not commit any public or private nuisance or any other act or thing, which might or would disturb the quiet enjoyment
of any tenant or occupant of the Building, any other portion of the Project or any nearby property. Tenant shall not invalidate or impair any roof warranty; nor place any loads upon the floors, walls or ceilings in excess of the maximum designed
load determined by Landlord or which endanger the structure; nor place any harmful liquids in the drainage systems; nor dump or store waste materials or refuse or allow such to remain outside the Building proper, except in the enclosed trash areas
provided. Tenant shall not store or permit to be stored or otherwise placed any other material of any nature whatsoever outside the Building. 

6.2.3.    From and after the Reference Date and continuing through the Lease Term, Tenant shall not: 

(i)    Permit any vehicle on the Project to emit exhaust which is in violation of any governmental law, rule, regulation or requirement;

 (ii)    Discharge, emit or permit to be discharged or emitted, any liquid, solid or gaseous matter, or any combination thereof, into
the atmosphere, the ground or any body of water, which matter constitutes Hazardous Materials. 
 (iii)    Produce, or permit to be
produced, any intense glare, light or heat except within an enclosed or screened area, and then only in such manner that the glare, light or heat shall not be discernible from outside the Premises; 

  
 Page 12 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 (iv)    Create, or permit to be created, any sound pressure level which will interfere
with the quiet enjoyment of any real property outside the Premises or the Project, or which will create a nuisance or violate any governmental law, rule, regulation or requirement; 

(v)    Create or permit to be created any ground vibration that is discernible outside the Premises or the Project; or 

(vi)    Transmit, receive or permit to be transmitted or received, any electromagnetic, microwave or other radiation, which is harmful or
hazardous to any person or property in, on or about the Premises, the Project, or elsewhere. 
 6.3.    Signage.
The location, size, design, color and other physical aspects of Tenant’s identification signage shall comply with the sign criteria for the Project attached hereto and incorporated herein as Exhibit F and shall be
subject to the Landlord’s written approval prior to installation (which shall not be unreasonably withheld, conditioned or delayed) and any appropriate municipal or other governmental approvals and any other Applicable Laws. All signs installed
by Tenant shall be removed upon termination of this Lease with the sign location restored to its former state. The cost of Tenant’s signs, their installation, maintenance and removal expense shall be Tenant’s sole expense. If Tenant fails
to maintain its signs, or, if Tenant fails to remove its signs upon termination of this Lease, Landlord may do so at Tenant’s expense and Tenant’s reimbursement to Landlord for such amounts shall be deemed Additional Rent. So long as
(a) Tenant is not in default under the terms of this Lease, and (b) Tenant has not assigned this Lease, or sublet the entirety of the Premises, Tenant shall have the exclusive right to have its name listed (1) on the monument sign
along Orchard Drive (the “Monument Sign”) and (2) any signs affixed to the side of the Building (the “Building Sign”), all in the locations shown on Exhibit F-1, subject to the
terms of this Paragraph 6.3 and Exhibit F. The design, size and color of the panel in the Monument Sign with Tenant’s name to be included, and the manner in which it is attached to the Monument Sign, shall
comply with all Applicable Laws and shall be subject to the reasonable approval of Landlord and any applicable governmental authorities. The design, size and color of the Building Sign and the manner in which it is attached to the Building shall
comply with all Applicable Laws and shall be subject to the reasonable approval of Landlord and any applicable governmental authorities. Landlord reserves the right to withhold consent to any sign that, in the sole judgment of Landlord, is not
harmonious with the design standards of the Project and the existing monument and building signs. Tenant must obtain Landlord’s written consent to any proposed signage and lettering prior to its fabrication and installation. To obtain
Landlord’s consent, Tenant shall submit design drawings to Landlord showing the type and sizes of all lettering; the colors, finishes and types of materials used; and (if applicable and Landlord consents in its sole discretion) any provisions
for illumination. Landlord shall respond to Tenant’s request within [***] days. Although the Monument Sign will be maintained by Landlord, Tenant shall pay its proportionate share of the cost of any maintenance and repair associated with the
Monument Sign. Tenant shall be responsible to maintain the Building Sign. If Tenant fails to ‘maintain the Building Sign, Landlord reserves the right to maintain the Tenant’s Building Sign and the cost thereof shall be payable as
Additional Rent within [***] days of Landlord’s demand. Upon the expiration or earlier termination of this Lease or if during the Term (and any extensions thereof) (a) Tenant is in monetary default under this Lease beyond applicable
notice and cure period or any material non-monetary default under the terms of this Lease after the expiration of applicable notice and cure periods and such default results in termination of this Lease, or
(b) Tenant assigns 

  
 Page 13 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
this Lease or subleases the entirety of the Premises, then Tenant’s rights granted herein will terminate and Landlord may remove Tenant’s name from the Monument Sign and may remove the
Building Sign at Tenant’s sole cost and expense. The cost of such removal and restoration shall be payable as Additional Rent within [***] days of Landlord’s demand. 

6.4.    Alterations. Except for Permitted Alterations (as defined below), Tenant shall make no alterations,
additions or improvements to the Premises and/or in, on or about the Building (including, without limitation, lighting, heating, ventilating, air conditioning, electrical, partitioning, window coverings and carpentry installations) (collectively,
“Alterations”) without Landlord’s prior written consent as provided in this Paragraph 6.4 and without a valid building permit issued by the appropriate governmental agency. 

6.4.1.    To the extent that any Alterations to the Premises constitute “Major Alterations” (as defined below),
Landlord may withhold its consent in Landlord’s sole and absolute discretion; otherwise, Landlord’s consent to any Alterations to the Premises other than Major Alterations (and excluding Permitted Alterations as set forth below) shall not
be unreasonably withheld, conditioned or delayed. As used herein, “Major Alterations” shall mean any Alterations (i) which are visible from outside the Premises and/or Building (including design and aesthetic changes), and/or
(ii) to the exterior of the Building, the roof of the Building, the heating, ventilation and/or air conditioning systems serving the Premises, the fire sprinkler, plumbing, electrical, mechanical and/or any other systems serving the Premises,
any interior, load-bearing walls, the foundation and/or the slab of the Building. 
 6.4.2.    Together with
Tenant’s request for Landlord’s consent to any Alterations other than Permitted Alterations, Tenant shall deliver to Landlord preliminary plans and specifications prepared by a California licensed architect for the proposed Alterations
(the “Preliminary Plans and Specifications”). The Preliminary Plans and Specifications shall be in sufficient detail to enable Landlord to fully understand the nature and scope of the proposed Alterations and the potential effect of the
proposed Alterations on the Building and Project and shall include, as and if required by Landlord as part of Landlord’s review, full architectural and engineering plans and specifications for the proposed Alterations. Without limiting the
foregoing, the Preliminary Plans and Specifications for any proposed Major Alterations shall include full architectural and engineering plans. If Landlord does not approve the Preliminary Plans and Specifications, Landlord shall return the
Preliminary Plans and Specifications to Tenant, who shall make all necessary revisions after Tenant’s receipt of Landlord’s revisions thereto. This procedure shall be repeated until Landlord approves the Preliminary Plans and
Specifications or Tenant abandons the Alterations. The approved Preliminary Plans and Specifications, as modified, shall be deemed the “Construction Documents”. Once the Construction Documents have been approved, no further changes to the
Construction Documents may be made without prior written approval from both Landlord (pursuant to this Paragraph 6.4) and Tenant. While Landlord has the right to approve the Preliminary Plans and Specifications and the Construction Documents,
Landlord’s interest in doing so is to protect the Premises and Landlord’s interests. Accordingly, Tenant shall not rely upon Landlord’s approvals and Landlord shall not be the guarantor of, nor responsible for, the correctness or
accuracy of the Preliminary Plans and Specifications and/or the Construction Documents, or the compliance thereof with Applicable Law, and Landlord shall incur no liability of any kind by reason of granting such approvals. 

  
 Page 14 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 6.4.3.    Tenant shall be permitted, without Landlord’s prior
written consent provided that Tenant complies with all other terms and conditions of this Paragraph 6.4, to make nonstructural Alterations not exceeding [***] in cost per calendar year to the interior of the Premises (the “Permitted
Alterations”). 
 6.4.4.    Tenant shall notify Landlord in writing at least [***] days prior to commencement
of any such work to enable Landlord to post a Notice of Non-Responsibility or other notice deemed proper before the commencement of such work. Any and all such Alterations shall comply with all Applicable Laws
including, without limitation, obtaining any required permits or other governmental approvals, shall be performed by a California licensed contractor and shall be done in a good and workmanlike manner conforming in quality and design with the
Premises as then currently existing, and shall not diminish the value of the Premises. In connection with any Alterations made by Tenant to the Premises costing in excess of [***], Landlord may require that Tenant deposit with Landlord prior to the
making of such Alterations an amount as reasonably required by Landlord as security for the full and faithful performance of Tenant’s obligations with respect to such Alterations and all such assurances as Landlord shall reasonably require to
assure payment of the costs thereof, including but not limited to waivers of lien, surety company performance bonds and to protect Landlord and the Building and any appurtenant land against any loss from any mechanic’s, materialmen’s or
other liens. All Alterations made by Tenant shall be and become the property of Landlord upon installation and shall not be deemed Tenant’s property unless the terms of the applicable consent provide otherwise, or Landlord requests that part or
all of the Alterations be removed at the expiration or earlier termination of the Lease. If Landlord elects, at the time of giving its consent to any Alterations, to require Tenant to remove such Alterations at the expiration or earlier termination
of the Lease, Tenant, at its sole cost and expense, shall remove the specified Alterations and shall fully repair and restore the relevant portion(s) of the Premises to their condition prior to the making of such Alterations prior to the date of
expiration or termination. If Landlord does not specify in its consent to Alterations that such Alterations need not be removed, then such Alterations must be removed by Tenant at the expiration or earlier termination of the Lease upon request from
Landlord. 
 6.5.    Cabling. Tenant shall not install or cause to be installed any cabling or wiring
(collectively, “Cabling”) without the prior written consent of Landlord as provided in Paragraph 6.4. Any installation of Cabling shall be performed pursuant to Paragraph 6.4, shall meet the requirements of the National
Electrical Code (as may be amended from time to time), and shall comply with all Applicable Laws. On or prior to the expiration or earlier termination of this Lease, Tenant, at Tenant’s sole cost and expense, shall remove all Cabling so
installed unless Landlord, in its sole and absolute discretion, elects in writing to waive this requirement. Any Cabling removed by Tenant shall be disposed of by Tenant, at Tenant’s sole cost and expense, in accordance with all Applicable
Laws. 
 6.6.    Hazardous Materials. 

6.6.1.    Tenant agrees to complete prior to Lease execution the questionnaire attached hereto and incorporated herein as
Exhibit E (the “Hazardous Materials Questionnaire”). Tenant represents and warrants that the information completed by Tenant in the Hazardous Materials Questionnaire is true and complete. Tenant agrees to
immediately inform Landlord in writing if any of the information contained in the Hazardous Materials Questionnaire becomes untrue, inaccurate or incomplete. 

  
 Page 15 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 6.6.2.    Landlord approves Tenant’s storage and use of those
Hazardous Materials used in Tenant’s business and set forth on the Hazardous Materials Questionnaire (the “Approved Hazardous Materials”). Other than the Approved Hazardous Materials, Tenant shall not cause or permit any Hazardous
Materials to be generated, brought onto, used, stored, or disposed of in or about the Premises, the Outside Area, or any other portion of the Project, by Tenant or Tenant’s Agents, except for standard office supplies and standard janitorial
supplies which may be Hazardous Materials but only to the extent that such supplies (and the quantities thereof) are normally used in connection with general office uses. Any handling, transportation, storage, treatment, disposal or use of Hazardous
Materials by Tenant’s Agent shall strictly comply with all applicable Hazardous Materials Laws. Without limiting the generality of the foregoing, upon the expiration of the Lease Term or the earlier termination of this Lease, Tenant shall
comply with all Hazardous Materials Laws relating to the closure of the Premises and/or the removal or remediation of Hazardous Materials present in, on or about the Premises. 

6.6.3.    Landlord and Tenant shall each give written notice to the other as soon as reasonably practicable of
(i) any Hazardous Materials which relates to the Premises, (ii) any contamination of the Premises by Hazardous Materials which constitutes a violation of any Hazardous Materials Law, and/or (iii) any notice or communication from a
governmental agency or any other person relating to any Hazardous Materials on, under or about the Premises; or (iv) any violation of any Hazardous Materials Laws with respect to the Premises or Tenant’s activities on or in connection with
the Premises. Tenant and Tenant’s Agents shall not bring Hazardous Materials of types or quantities differing from the Approved Hazardous Materials without first obtaining the written permission of the Landlord, which shall not be unreasonably
withheld, conditioned or delayed if the type of Hazardous Materials Tenant requires is in keeping with, or similar to, the Approved Hazardous Materials. At any time during the Lease term, Tenant shall, within [***] days after written request
therefor received from Landlord, disclose in writing all Hazardous Materials that are being used by Tenant or Tenant’s Agents on the Premises, the nature of such use, and the manner of storage and disposal. 

6.6.4.    In the event of a spill, leak, disposal or other release of any Hazardous Materials on, under or about the
Premises, the Outside Area or any other portion of the Project caused by Tenant or any of its contractors, agents or employees or invitees, or the suspicion or threat of the same, Tenant shall (i) immediately undertake all emergency response
necessary to contain, cleanup and remove the released Hazardous Material(s), (ii) promptly undertake all investigatory, remedial, removal and other response action necessary or appropriate to ensure that any Hazardous Materials contamination is
eliminated to Landlord’s reasonable satisfaction, and (iii) provide Landlord copies of all correspondence with any governmental agency regarding the release (or threatened or suspected release) or the response action, a detailed report
documenting all such response action, and a certification that any contamination has been eliminated. All such response action shall be performed, all such reports shall be prepared and all such certifications shall be made by an environmental
consultant reasonably acceptable to Landlord. 
 6.6.5.    If Landlord at any time during the Lease Term (including any
holdover period) reasonably believes that Tenant is not complying with any of the requirements of this 

  
 Page 16 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
Paragraph 6.6, Landlord may require Tenant to furnish to Landlord, at Tenant’s sole expense and within [***] days following Landlord’s request therefor, an environmental
audit or any environmental assessment with respect to the matters of concern to Landlord. Such audit or assessment shall be prepared by a qualified consultant acceptable to Landlord. In addition, Landlord may cause testing wells to be installed on
or about the Outside Area, and may cause the ground water to be tested to detect the presence of Hazardous Materials by the use of such tests as are then customarily used for such purposes, provided that Landlord shall use diligent efforts to
minimize any inconvenience or disruption to Tenant’s business in connection with such installation. If Tenant so requests, Landlord shall supply Tenant with copies of such test results. The cost of such tests and of the installation,
maintenance, repair and replacement of such wells shall be paid by Tenant if such tests disclose that Tenant did not comply with the requirements of this Paragraph 6.6. 

6.6.6.    As used herein, the term “Hazardous Material,” means any hazardous or toxic substance, material or
waste, which is or becomes regulated by any local governmental authority, the State of California or the United States Government. The term “Hazardous Material,” includes, without limitation, petroleum products, asbestos, PCB’s, and
any material or substance which is (i) defined as hazardous or extremely hazardous pursuant to §66160 of Title 26 of the California Code of Regulations, Division 22, (ii) defined as a “hazardous waste” pursuant to
§1004 of the Federal Resource Conservation and Recovery Act, 42 USC, §6901 et seq. (42 USC §6903), or (iii) defined as a “hazardous substance” pursuant to §101 of the Comprehensive Environmental Response,
Compensation and Liability Act, 42 USC, §9601 et seq. (42 USC §6901). As used herein the term “Hazardous Material Law” shall mean any statute, law, ordinance, or regulation of any governmental body or agency (including the
US Environmental Protection Agency, the California Regional Water Quality Control Board, and the California Department of Health Services) which regulates the use, storage, release or disposal of any Hazardous Material. 

6.6.7.    Tenant shall indemnify, defend and hold harmless Landlord, Landlord’s Agents, any persons holding a
security interest in the Premises or any other portion of the Project, and the respective successors and assigns of each of them, for, from and against any and all claims, demands, liabilities, damages, fines, losses (including without limitation
diminution in value), costs (including without limitation the cost of any investigation, remedial, removal or other response action required by Hazardous Materials Laws) and expenses (including without limitation attorneys fees and expert fees in
connection with any trial, appeal, petition for review or administrative proceeding) arising out of or in any way relating to the use, treatment, storage, generation, transport, release, leak, spill, disposal or other handling of Hazardous Materials
on, under or about the Premises by Tenant or any of Tenant’s Agents or invitees. Landlord’s rights under this Paragraph 6.6.7 are in addition to and not in lieu of any other rights or remedies to which Landlord may be entitled under
this Lease or otherwise. In the event any action is brought against Landlord by reason of any such claim, Tenant shall resist or defend such action or proceeding by counsel satisfactory to Landlord upon Landlord’s demand. The obligation to
indemnify, defend and hold harmless shall include, without limitation, (A) [***], (B) [***], (C) [***], (D) [***], (E) [***], and (F) [***]. Tenant’s obligations under this Paragraph 6.6.7 shall survive the
expiration or termination of this Lease for any reason. 
 6.6.8.    Landlord represents that as of the Commencement
Date it has not received written notice and has no knowledge of any Hazardous Materials on, in, under or about the 

  
 Page 17 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
Premises (including without limitation any asbestos-containing building material or any other environmentally hazardous building materials) in violation of Hazardous Materials Laws. Landlord and
its successors and assigns shall indemnify, defend, and hold Tenant harmless from and against any and all damages, including but not limited to the cost of remediation, which are suffered as a result of Hazardous Materials existing on the Premises,
Building or Project prior to the Effective Date (“Landlord’s Hazardous Substances”), or that are not caused by Tenant or its employees, agents, contractors or invitees. 

Notwithstanding anything to the contrary herein, Tenant shall not be responsible to remediate nor otherwise be liable or responsible for (nor shall Tenant be
responsible to indemnify Landlord with respect to) any Landlord’s Hazardous Substances or any other Hazardous Materials that are not caused by Tenant or its employees, agents, contractors or invitees. 

6.6.9.    The obligations of Landlord and Tenant under this Paragraph 6.6 shall survive the expiration or earlier
termination of the Lease Term. The rights and obligations of Landlord and Tenant with respect to issues relating to Hazardous Materials are exclusively established by this Paragraph 6.6. In the event of any inconsistency between any other
part of the Lease and this Paragraph 6.6, the terms of this Paragraph 6.6 shall control. 
  

	7.	 Utility Charges; Building Maintenance. 

7.1.    Utility Charges. 

7.1.1.    Tenant shall be responsible for and shall pay when due all charges for electricity, natural gas, water, garbage
collection, janitorial service, sewer, telephone and all other utilities, materials and services of any kind furnished to the Premises and/or the Building or used by Tenant in, on or about the Premises and/or the Building during the Lease Term. If
charges are not separately metered or stated, Landlord shall apportion the utility charges on an equitable basis based on Tenant’s Proportionate Share, or on an equitable basis if the Tenant’s Proportionate Share is not equitable for such
purpose and Tenant shall pay such charges to Landlord within [***] days following receipt by Tenant of Landlord’s statement for such charges. Landlord shall have no liability resulting from any interruption of utility services caused by
fire or other casualty, strike, riot, vandalism, the making of necessary repairs or improvements, or any other cause beyond Landlord’s reasonable control. Notwithstanding the foregoing, if the Premises, or a material portion of the Premises,
are made untenantable for a period in excess of [***] consecutive business days as a result of the [***] of Landlord or Landlord’s Agents, then Tenant, as its sole remedy, shall be entitled to receive an abatement of Base Rent payable
hereunder during the period beginning on the date Tenant provided notice of the service interruption to Landlord and ending on the day the service has been restored. 

7.1.2.    ENERGY STAR®. Tenant understands that
Landlord is required under applicable law to obtain, input and disclose certain benchmarking data for the U.S. Environmental Protection Agency’s ENERGY STAR® Portfolio Manager.
Accordingly, within [***] days following written request therefor from Landlord (and thereafter as set forth below), Tenant will complete, execute and deliver to Landlord a data release authorization for each utility serving the Premises
maintained in Tenant’s name or otherwise for the account of Tenant, in form and substance required by the relevant utility provider, permitting the relevant utility to disclose to 

  
 Page 18 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
Landlord Tenant’s monthly billing data, building square footage, occupancy type, operational characteristics and other information reasonably required for purposes of inputting the
benchmarking data required by the U.S. Environmental Protection Agency’s ENERGY STAR® Portfolio Manager (the “Data Release Authorization”). In addition, if Tenant’s
name or entity changes, Tenant shall complete, execute and deliver to Landlord an additional Data Release Authorization within [***] days following receipt of written request therefor from Landlord. 

7.2.    Landlord Maintenance and Repairs. 

7.2.1.    Landlord’s maintenance, repair and replacement obligations which are paid by Landlord and not reimbursed by
Tenant are set forth in this Paragraph 7.2.1. Landlord, at its sole cost and expense, shall be responsible only for (i) repair and replacement of the foundation of the Building, (ii) repairs or replacements arising out of the
failure of the path of travel to the Building and the Premises to be ADA compliant on the Commencement Date, and (iii) repair and replacement of the structural elements of the Building, except for any damage thereto caused by the negligence or
willful acts or omissions of Tenant or of Tenant’s Agents or invitees, or by reason of the failure of Tenant to perform or comply with any terms of this Lease, or caused by any Alterations made by Tenant or by Tenant’s Agents, which shall
be at Tenant’s expense. The structural elements of the Building shall consists of only the following parts of the Building: the foundation and subflooring, the roof structure (excluding the roof membrane), and the exterior walls, interior
bearing or structural walls (excluding, however, interior wall surfaces). In addition, the terms “roof” and “walls” as used herein shall not include windows, glass or plate glass, doors, special store fronts or office entries.

 7.2.2.    Subject to Tenant’s payment of Operating Expenses as set forth below, Landlord shall also maintain in
good order, condition and repair (i) the roof of the Building (including, without limitation, roof replacement and also including the roof membrane), (ii) the Outside Area serving the Premises, (iii) the heating and air conditioning
systems and equipment serving the Premises and the Building, and (iv) the fire and life safety systems and equipment serving the Premises and the Building, except for any damage thereto caused by the negligence or willful acts or omissions of
Tenant or of Tenant’s Agents or invitees, or by reason of the failure of Tenant to perform or comply with any terms of this Lease, or caused by any Alterations made by Tenant or by Tenant’s Agents, which shall be at Tenant’s expense.
Landlord shall at all times have exclusive control of the Outside Area, including the right to grant easements or other rights of access to third parties, and may at any time temporarily close any part thereof, exclude and restrain anyone from any
part thereof, except the bona fide customers, employees and invitees of Tenant who use the Outside Area in accordance with the rules and regulations as Landlord may from time to time promulgate, and may change the configuration of the Outside
Area. In exercising any such rights, Landlord shall make a reasonable effort to minimize any disruption of Tenant’s business and to avoid any adverse impact to Tenant’s access to or use of the Premises. It is an express condition precedent
to all obligations of Landlord to repair that Tenant shall have notified Landlord of the need for such repairs. Tenant waives the provisions of §1941 and §1942 of the California Civil Code and any similar or successor law regarding
Tenant’s right to make repairs and deduct the expenses of such repairs from the Rent due under this Lease. 

7.3.    Tenant Maintenance and Repairs. Tenant shall at all times and at its own expense clean, keep and maintain
in good order, condition and repair, and shall replace, every part of the 

  
 Page 19 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
Premises that is not within Landlord’s obligation pursuant to Paragraph 7.2. Tenant’s repair and maintenance obligations shall include, without limitation, all of the following
which are a part of the Premises, which are located in, on or about the Premises, or which are located outside the Premises but serve the Premises: mechanical, electrical, gas, plumbing, water, exhaust, telephone, other communication, and data
systems, fixtures, pipes, conduits, appliances, equipment, facilities, and units; fixtures, interior walls, ceiling, floors, windows, doors, entrances, plate glass, skylights, and fans; lighting fixtures, ballasts, lamps and non-structural portions of the roof. Tenant shall also be responsible, at its sole cost and expense, for all pest control in, on, or about the Premises and the Outside Area surrounding the Premises. Tenant shall
refrain from any discharge that will damage the septic tank or sewers serving the Premises. If the Premises have a separate entrance, Tenant shall keep the sidewalks abutting the Premises or the separate entrance free and clear of debris, and
obstructions of every kind. 
 7.4.    Security. Tenant acknowledges and agrees that Tenant is responsible for
securing the Premises and that Landlord does not, and shall not be obligated to, provide any police personnel or other security services or systems for any portion of the Premises, Building, Outside Area and/or Project. Tenant shall have the right
to install a separate security system for the Premises subject to Paragraph 6.4 above. 

7.5.    Interference. Landlord shall have no liability for interference with Tenant’s use when making
alterations, improvements or repairs to the Building, Outside Area or the Project provided the work is performed in a reasonable manner and does not adversely affect or impair Tenant’s access to or use of the Premises. 

 

	8.	 Taxes, Assessments and Operating Expenses. 

8.1.    Payments. Tenant shall pay Landlord monthly, as Additional Rent, Tenant’s proportionate share of
Operating Expenses and Taxes which are, as determined by Landlord, allocable or attributable to the Building or the Project, as reasonably determined by Landlord; provided, however, and notwithstanding any provision of this Lease to the contrary,
Tenant shall pay Landlord, in accordance with this Paragraph 8, the entire amount (and not just Tenant’s proportionate share) of any Operating Expense incurred by Landlord which relates solely to the Premises or which are incurred solely
for or on behalf of Tenant and which are not otherwise paid directly by Tenant to the provider. Commencing on the Commencement Date (subject to Paragraph 3) and thereafter in advance on the first day of each month during the Lease Term,
Tenant shall pay a monthly sum as Additional Rent representing Tenant’s proportionate share of Taxes and Operating Expenses. The foregoing estimated monthly charges may be adjusted by Landlord at the end of any calendar quarter on the basis of
Landlord’s experience and reasonably anticipated costs. Any such adjustment shall be effective as of the calendar month next succeeding receipt by Tenant of written notice of such adjustment. Within [***] days following the end of
each calendar year, or as soon thereafter as is reasonably possible, Landlord shall furnish Tenant a statement of such actual expenses (“Actual Expenses”) for the calendar year and the payments made by Tenant with respect to such period.
If Tenant’s payments for Operating Expenses and Taxes do not equal the amount of the Actual Expenses, Tenant shall pay Landlord the deficiency within [***] days after receipt of such statement. If Tenant’s payments exceed the Actual
Expenses, Landlord shall offset the excess against the Operating Expenses thereafter becoming due to Landlord. There shall be appropriate adjustments of Operating Expenses and Taxes as of 

  
 Page 20 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
the Commencement Date and expiration of the Lease Term. Landlord’s obligation to reimburse Tenant for any overpayment shall survive the expiration or earlier termination of the Lease, and
shall be paid by Landlord within [***] days of Landlord’s determination of Actual Expenses for the year in which the Lease terminated or expired. 

8.2.    Tenant’s Proportionate Share. Tenant’s proportionate share of Taxes shall mean that percentage
which the Premises Area set forth in the Basic Lease Terms bears to the total rentable square footage of all buildings in the Project located on the same Tax Parcel as the Building. Tenant’s proportionate share of Operating Expenses for the
Building shall be computed by dividing the Premises Area by the total rentable area of the Building (provided, however, for Operating Expenses that are Project expenses, Tenant’s proportionate share shall be computed by dividing the Premises
Area by the total rentable area of the Project). If in Landlord’s reasonable judgment either of these methods of allocation results in an inappropriate allocation to Tenant, Landlord shall select some other reasonable method of determining
Tenant’s proportionate share. 
 8.2.1.    Taxes Charged. As used herein, “Taxes” means any form
of assessment, license, fee, rent tax, levy, penalty (if a result of Tenant’s delinquency), or tax (other than net income, estate, succession, inheritance transfer or franchise taxes), imposed by any authority having the direct or indirect
power to tax, or by any city, county, state or federal government or any improvement or other district or division thereof, whether such tax is: (i) determined by the area of the tax parcel in which the Building is located (the “Tax
Parcel”) or any part thereof or the rent and other sums payable hereunder by Tenant or by other tenants, including, but not limited to, any gross income or excise tax levied by any of the foregoing authorities with respect to receipt of
such rent or other sums due under this Lease; (ii) imposed upon any legal or equitable interest of Landlord in the Tax Parcel or the Premises or any part thereof; (iii) imposed upon this transaction or any document to which Tenant is a
party creating or transferring any interest in the Tax Parcel; (iv) levied or assessed in lieu of, in substitution for, or in addition to, existing or additional taxes against the Tax Parcel whether or not now customary or within the
contemplation of the parties; (v) imposed as a special assessment for such purposes as fire protection, street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services; or (vi) imposed as a
result of any transfer of any interest in the Tax Parcel by Landlord, or the construction of any improvements thereon or thereto. “Taxes” shall not include (A) any excess profits taxes, franchise taxes, gift taxes, capital levy,
capital stock taxes, inheritance or succession taxes, estate taxes, federal and state income taxes, transfer taxes, or other taxes to the extent determined on the basis of Landlord’s or any superior lessor’s general or net income (as
opposed to rents or receipts attributable to operations at the Property), (B) any fines, interest or penalties incurred due to the late payment of Taxes or by reason of late filing of any required governmental report, (C) items included in
or expressly excluded (except Taxes) from Operating Expenses, or (D) any amounts paid by Tenant to Landlord under other provisions of this Lease. In addition, Tenant shall be liable for all taxes levied or assessed against any personal property
or fixtures placed in the Premises and, when possible, shall cause such taxes to be assessed and billed separately from the real or personal property of Landlord. If any such taxes are levied or assessed against Landlord or Landlord’s property
and (i) Landlord pays the same or (ii) the assessed value of Landlord’s property is increased by inclusion of such personal property and fixtures and Landlord pays the increased taxes, then, within [***] days following receipt by
Tenant of a copy of the applicable tax bill with Landlord’s written request for payment thereof, Tenant shall pay to Landlord such taxes as part of Tenant’s payment of Taxes. 

  
 Page 21 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 8.3.    Operating Expenses. 

8.3.1.    “Operating Expenses” charged to Tenant hereunder shall mean all costs and expenses of any kind or
nature whatsoever incurred by Landlord in connection with the ownership, operation, management, maintenance, and repair of the Premises, the Building, the Outside Area and/or any other portions of the Project, including, without limitation the
following: the costs and charges of performing Landlord’s obligations under Paragraph 7.2.2; the cost of annual roof inspections; all charges, costs, expenses, wages, services, benefits, insurance and payroll taxes or fees for all
parties (including employees, contractors, or affiliates of Landlord) providing services in connection with the operation, maintenance, repair, supervision and/or security of the Premises, the Outside Area, and/or any other portions of the Project
(provided that Landlord, in its sole and absolute discretion, may, but shall not be obligated to, provide any security services for the Building, the Outside Area, and/or any other portions of the Project), including taxes, insurance and benefits
relating thereto; the rental cost and overhead of any office and storage space used to provide such services; cost of all supplies, materials and labor used in the operation, repair, replacement and maintenance of the Premises, the Building, the
Outside Area and/or any other portions of the Project; all cost of repairs and general maintenance of the Building, the Outside Area, and/or any portions of the Project (excluding repairs and general maintenance paid for by proceeds of insurance or
by Tenant or other third parties); all cost of repairs and general maintenance of the HVAC system for the Premises, including without limitation, the costs of preventative maintenance contracts and other periodic inspections; all costs of
resurfacing and restriping of the parking areas of the Project; all cost of painting, sweeping, maintenance and repair of sidewalks, fountains, curbs and signs, landscape sprinkler systems, irrigation water, planting and landscaping; all cost of
lighting, water, electricity and other utilities for or serving the Building and/or the Outside Area; all cost of installing, maintaining, or repairing directional signs and other markers and bumpers; all cost of maintenance and repair of any fire
protection systems, lighting systems, sewer systems, storm drainage systems, and any other utility system for or serving the Outside Area; all cost of garbage, trash, rubbish and waste removal other than as required to be provided by Tenant under
Paragraph 7.1; all costs with respect to repairs and maintenance of utility facilities (including pipes and conduits) serving more than one tenant; depreciation on maintenance and operating machinery and equipment (if owned) and rental paid
for such machinery and equipment (if rented); premiums for commercial liability insurance covering the Premises and/or the Project; premiums for all risk or Causes of Loss-special form insurance and, at Landlord’s option, earthquake insurance
on the Building; premiums for insurance against loss of rents for a period of [***] months from the date of the loss; the management fee for the manager of the Project not to exceed [***] percent ([***]%) of annual gross rent of the Premises;
and all cost of any capital improvements made to the Building, the Outside Area, and/or any other portions of the Project to reduce operating costs, to comply with governmental rules and regulations enacted after completion of the Building, to
replace the roof (including the roof membrane) of the Building, to replace the heating, ventilation and air conditioning (HVAC) system for the Premises, or to resurface the parking areas of the Project. The cost of any capital improvements,
together with interest thereon at the interest rate provided in Paragraph 25.2, shall be amortized over the useful life of the improvement and only the annual amortized cost of such item shall be included in Operating Expenses annually. 

  
 Page 22 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 8.3.2.    Notwithstanding anything to the contrary in this Lease, the
following items shall be excluded from Operating Expenses: 
 (a)    any items included in Taxes; 

(b)    principal or interest on indebtedness, debt amortization or ground rent paid by Landlord in connection with any
mortgages, deeds of trust or other financing encumbrances, or ground leases of the Building or the Project; 

(c)    capital expenditures not described above; 

(d)    legal, auditing, consulting and professional fees and other costs paid or incurred in connection with financings,
refinancings or sales of any interest in Landlord or of Landlord’s interest in the Building or the Project or in connection with any ground lease (including, without limitation, recording costs, mortgage recording taxes, title insurance
premiums and other similar costs, but excluding those legal, auditing, consulting and professional fees and other costs incurred in connection with the normal and routine maintenance and operation of the Building and/or the Project); 

(e)    legal fees, space planner’s fees, architect’s fees, leasing and brokerage commissions, advertising and
promotional expenditures and any other marketing expense incurred in connection with the leasing of space in the Building (including new leases, lease amendments, lease terminations and lease renewals); 

(f)    the cost of any items to the extent to which such cost is reimbursed to Landlord by tenants of the Project (other
than as a reimbursement of operating expenses); or other third parties, or is covered by a warranty to the extent of reimbursement for such coverage; 

(g)    expenditures for any leasehold improvement which is made in connection with the preparation of any portion of the
Building for occupancy by any tenant of the Building or the Project; 
 (h)    the cost of performing work or furnishing
service to or for any tenant other than Tenant, at Landlord’s expense, to the extent such work or service is in excess of any work or service Landlord is obligated to provide to Tenant or generally to other tenants in the Building at
Landlord’s expense; 
 (i)    the cost of repairs or replacements incurred by reason of fire or other casualty, or
condemnation, to the extent Landlord actually receives proceeds of property and casualty insurance policies or condemnation awards or would have received such proceeds had Landlord maintained the insurance required to be maintained by Landlord under
this Lease; 
 (j)    the cost of acquiring sculptures, paintings or other objects of fine art in the Building or the
Project in excess of amounts typically spent for such items in comparable buildings or projects; 
 (k)    bad debt
loss, rent loss, or reserves for bad debt or rent loss; 
 (l)    unfunded contributions to operating expense reserves
by other tenants; 

  
 Page 23 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 (m)    damage and repairs necessitated by the gross negligence or willful
misconduct of Landlord or Landlord’s Agents; 
 (n)    fees, costs and expenses incurred by Landlord in connection
with or relating to claims against or disputes with tenants of the Building or the Project; 
 (o)    interest, fines or
penalties for late payment or violations of Applicable Laws by Landlord, except to the extent incurring such expense is either (1) a reasonable business expense under the circumstances, or (2) caused by a corresponding late payment or
violation of an Applicable Law by Tenant, in which event Tenant shall be responsible for the full amount of such expense; 

(p)    the cost of remediation and removal of Hazardous Materials in the Building or on the Project as required by
applicable laws; 
 (q)    costs for the original construction and development of the Building; 

(r)    costs and expenses incurred for the administration of the entity which constitutes Landlord, as the same are
distinguished from the costs of operation, management, maintenance and repair of the Building and/or the Project, including, without limitation, entity accounting and legal matters; 

(s)    the wages and benefits of any employee above the level of general manager; 

(t)    except as may be otherwise expressly provided in this Lease with respect to specific items, including, without
limitation, any management fee paid by Landlord, the cost of any services or materials provided by any party related to Landlord, to the extent such cost exceeds, the reasonable cost for such services or materials obtained at arm’s length on a
competitive basis; and 
 (u)    depreciation for the Building or Project. 

 

	9.	 Parking. 

Subject to the provisions of this Paragraph 9, Tenant, Tenant’s Agents and invitees shall have the
non-exclusive light to use the common driveways and truck court areas located in the Outside Area, subject to the parking rights and rights of ingress and egress of other occupants. In addition, Tenant,
Tenant’s Agents and invitees shall have the non-exclusive right to use up to [***] parking spaces in the parking facilities which serve the Premises. Of such allocation, [***] parking spaces in
a location reasonably determined by Landlord shall be exclusively for the use of Tenant (“Tenant’s Reserved Spaces”). Except for Tenant’s Reserved Spaces, Tenant’s parking shall not be reserved and shall be limited to
vehicles no larger than standard size automobiles, or standard size trucks, standard size service vans or sport utility vehicles. Under no circumstances shall overnight parking be allowed, nor shall trucks, trailers or other large vehicles serving
the Premises (i) be used for any purpose other than for the loading and unloading of goods and materials or (ii) be permitted to block streets and/or ingress and egress to and from the Project or (iii) be parked inside any portion of
the Premises or the Building. Temporary parking of large delivery vehicles in the Project may be permitted only with Landlord’s prior written consent. 

  
 Page 24 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
Vehicles shall be parked only in striped parking spaces and not in driveways, loading areas or other locations not specifically designated for parking. Handicapped spaces shall only be used by
those legally permitted to use them. Per Paragraph 1.6 of this Lease, Landlord reserves the right to grant parking rights (exclusive and otherwise) within the relevant portions of the Outside Area to occupants of the Project. 

 

	10.	 Tenant’s Indemnification. 

Except to the extent waived by Paragraph 11.3, Tenant hereby agrees to defend (with counsel reasonably satisfactory to Landlord or
Landlord’s Agents, as applicable), indemnify and hold harmless Landlord and Landlord’s Agents from and against any and all claims, damage, loss, liability or expense including attorneys’ fees and legal costs suffered directly or by
reason of any claim, suit or judgment brought by or in favor of any person or persons for damage, loss or expense due to, but not limited to, bodily injury and property damage sustained by such person or persons which arises out of, is occasioned by
or in any way attributable to the use or occupancy of the Premises or Project, the Project, or any part thereof and adjacent areas by Tenant, the acts or omissions of the Tenant and/or Tenant’s Agents, except to the extent caused by the [***]
of Landlord or Landlord’s Agents. Tenant agrees that the obligations assumed herein shall survive the termination or expiration of this Lease. The foregoing indemnity shall not apply, however, to any claims, damage, loss, liability or expense
arising out of or in connection with the presence of any Hazardous Materials in, on or about the Premises or the Project, which indemnity shall be governed solely by the provisions of Paragraph 6.6. 

Landlord shall protect, defend, indemnify and hold Tenant harmless from all loss, damage, liability or expense, including attorneys’
fees, resulting from any injury to any person or any loss of or damage to any property caused by or resulting from (i) with respect to the Premises, the [***] of Landlord or any officer, employee, agent, or contractor of Landlord; and
(ii) with respect to the remainder of the Building and Project other than the Premises, the [***] of Landlord or any officer, employee, agent, or contractor of Landlord; but the foregoing provision shall not be construed to make Landlord
responsible for loss, damage, liability or expense resulting from injuries to third parties caused by any act, omission (where Tenant had a duty to act) or negligence of Tenant, or of any officer, employee, agent, contractor, invitee or visitor of
Tenant. The foregoing indemnity shall not apply, however, to any claims, damage, loss, liability or expense arising out of or in connection with the presence of any Hazardous Materials in, on or about the Premises or the Project, which indemnity
shall be governed solely by the provisions of Paragraph 6.6. 
  

	11.	 Insurance; Waiver of Subrogation. 

11.1.    Landlord. During the Lease Term, Landlord shall keep the Building insured against fire and other risks
covered by a “Causes of Loss-Special Form” property insurance policy and against such other losses (including, without limitation, inflation endorsement, sprinkler leakage endorsement, earthquake, earth movement and flood coverage, and/or
boiler and machinery insurance) as Landlord may deem reasonable, excluding coverage of Landlord’s Work, all Alterations made by Tenant and Tenant’s personal property located on or in the Premises. Such insurance shall also include
insurance against loss of rents on a “Causes of Loss-Special Form” basis, including, at Landlord’s option, earthquake, earth movement and flood, in an amount equal to the Base Rent and Additional Rent, and any other sums payable under
the Lease, for a period 

  
 Page 25 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
of at least [***] commencing on the date of loss. Such insurance shall name Landlord, its managers and members/partners of any tier and their designated representatives, and the directors,
trustees, officers, employees, attorneys, and agents of any of them (collectively, the “Landlord. Additional Insured Entities”) as additional insureds and include a lender’s loss payable endorsement in favor of Landlord’s lender.
If the premiums for such insurance are increased after the Commencement Date due to an increase in the value of the Building or its replacement cost, Tenant shall pay Tenant’s Percentage of such increase within [***] days of notice of such
increase. If such premiums are increased due to Tenant’s use of the Premises, improvements installed by Tenant or any other cause solely attributable to Tenant, Tenant shall pay the full amount of the increase within [***] days of notice
of such increase. 
 11.2.    Tenant. 

11.2.1.    Tenant shall keep all of Tenant’s property on the Premises, Landlord’s Work and any Alterations made
by Tenant insured against fire and other risks covered by a “Causes of Loss - Special Form” property insurance policy in an amount equal to the replacement cost of such property, the proceeds of which shall, so long as this Lease is in
effect, be used for the repair or replacement of the property so insured. Tenant shall also carry commercial general liability insurance written on an occurrence basis with policy limits of not less than [***] each occurrence, which includes blanket
contractual liability broad form property damage, personal injury, completed operations and products liability. The above initial amount shall be subject to periodic increase based upon inflation, increased liability awards, recommendation of
Landlord’s professional insurance advisers and other relevant factors. In addition, if Tenant’s use of the Premises includes any activity or matter that would be excluded from coverage under a commercial general liability policy, Tenant
shall obtain such endorsements to the commercial general liability policy or otherwise obtain insurance to insure all liability arising from such activity or matter in such amounts as Landlord may reasonably require. The insurance required to be
maintained by Tenant under this Lease shall be primary coverage; any insurance required to be maintained by Landlord under this Lease shall be secondary coverage. 

11.2.2.    Such commercial general liability insurance shall be (i) provided by an insurer or insurers who are
approved to issue insurance policies in the State in which the Premises is located and have an A.M. Best financial strength rating of [***] or better and financial size category not less than [***] in the most current edition of Best’s
Insurance Reports, and (ii) shall be evidenced by a certificate delivered to Landlord on or prior to the Commencement Date and annually thereafter stating that the coverage shall not be cancelled or materially altered without [***] days
advance written notice to Landlord. The Landlord Additional Insured Entities shall be named as additional insureds on such policy together with, upon written request from Landlord, Landlord’s mortgagee. If Tenant fails to procure and maintain
the insurance required hereunder, Landlord may, but shall not be required to, order such insurance at Tenant’s expense and Tenant shall reimburse Landlord. Such reimbursement shall include all costs incurred by Landlord including
Landlord’s reasonable attorneys’ fees, with interest thereon at the interest rate provided in Paragraph 25.2. 

11.3.    Waiver of Subrogation. Landlord and Tenant each hereby releases the other, and the other’s partners,
officers, directors, members, agents and employees, from any and all liability and responsibility to the releasing party and to anyone claiming by or through it or under it, by 

  
 Page 26 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
way of subrogation or otherwise, for all claims, or demands whatsoever which arise out of damage or destruction of property occasioned by perils which can be insured by a “Causes of Loss -
Special Form” and/or “special coverage” insurance form. Landlord and Tenant grant this release on behalf of themselves and their respective insurance companies and each represents and warrants to the other that it is authorized by its
respective insurance company to grant the waiver of subrogation contained in this Paragraph 11.3. This release and waiver shall be binding upon the parties whether or not insurance coverage is in force at the time of the loss or destruction
of property referred to in this Paragraph 11.3. 

11.4.    Co-Insurer. If, on account of the failure of Tenant to comply with
the foregoing provisions, Landlord is adjudged a co-insurer by its insurance carrier, then, any loss or damage Landlord shall sustain by reason thereof, including attorneys’ fees and costs, shall be borne
by Tenant and shall be immediately paid by Tenant upon receipt of a bill therefor and evidence of such loss. 

11.5.    Landlord’s Disclaimer. Landlord and Landlord’s Agents shall not be liable for any loss or damage
to persons or property resulting from fire, explosion, falling plaster, glass, tile or sheetrock, steam, gas, electricity, water or rain which may leak from any part of the Building or from the pipes, appliances or plumbing works therein or from the
roof, street or subsurface, or any other cause whatsoever, unless caused by or due to the sole negligence or willful acts of Landlord. Tenant shall give prompt written notice to Landlord in case of a casualty, accident or repair needed in the
Premises. 
  

	12.	 Property Damage. 

12.1.    Notice; Total Destruction. Tenant shall immediately give written notice to Landlord if the Premises or the
Building are damaged or destroyed. If the Premises or the Building should be totally destroyed or so damaged by an insured peril in an amount exceeding [***] percent ([***]%) of the full construction replacement cost of the Building or Premises,
respectively (as used herein, the “Damage Threshold”), Landlord may elect to terminate this Lease as of the date of the damage by notice of termination in writing to Tenant within [***] days after such date, in which event all
unaccrued rights and obligations of the parties under this Lease shall cease and terminate except to the extent such obligations specifically survive termination of this Lease. 

12.2.    Partial Destruction. If the Building or the Premises should be damaged by an insured peril which does not
meet the Damage Threshold, or if damage or destruction meeting the Damage Threshold occurs but Landlord does not elect to terminate this Lease, this Lease shall not terminate and Landlord shall restore the Premises to substantially its previous
condition, except that Landlord shall not be required to rebuild, repair or replace any part of the partitions, fixtures, Alterations, additions and other improvements required to be covered by Tenant’s insurance pursuant to Paragraph
11.2. If the Premises are untenantable in whole or part during the period commencing upon the date of the occurrence of such damage and ending upon substantial completion of Landlord’s required repairs or rebuilding, Base Rent shall be
reduced during such period to the extent the Premises are not reasonably usable by Tenant for the Permitted Use. 

12.3.    Damage Near End of Lease Term. If the damage to the Premises or Building occurs during the last
[***] months of the Lease Term in an amount exceeding [***] of the full 

  
 Page 27 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
construction replacement cost of the Building or Premises, respectively, either Landlord or Tenant may elect to terminate this Lease as of the date the damage occurred, regardless of the
sufficiency of any insurance proceeds. The party electing to terminate this Lease shall give written notification to the other party of such election within [***] days after Tenant’s notice to Landlord of the occurrence of the damage, in
which event all unaccrued rights and obligations of the parties under this Lease shall cease and terminate except to the extent such obligations specifically survive termination of this Lease. 

12.4.    Repair of Damage. All repairs made by Landlord pursuant to this Paragraph 12 shall be accomplished
as soon as is reasonably possible, subject to force majeure as described in Paragraph 25.1. Landlord’s good faith estimate of the cost of repairs of any damage, or of the replacement cost of the Premises or the Building, shall be
conclusive as between Landlord and Tenant. The repair and restoration of the Premises shall be made pursuant to plans and specifications developed by Landlord in Landlord’s sole and absolute discretion and judgment, and such plans and
specifications shall exclude all equipment, fixtures, improvements and Alterations installed by Tenant. All insurance proceeds for repairs shall be payable solely to Landlord, and Tenant shall have no interest therein. Nothing herein shall be
construed to obligate Landlord to expend monies in excess of the insurance proceeds received by Landlord. Landlord shall be responsible for the insurance deductible, unless the loss is caused by Tenant or Tenant’s Agents, in which case, and
notwithstanding the provisions of Paragraph 11.3, Tenant shall be responsible for the amount of the deductible. Notwithstanding any provision to the contrary, Landlord’s obligation, should it elect or be obligated to repair or rebuild,
shall be limited to the Premises or the Building as the same existed immediately prior to the casualty, excluding, however, Landlord’s Work and any Alterations made by Tenant. 

12.5.    Other Damage. If the Premises or the Building is substantially or totally destroyed by any cause
whatsoever which is not covered by the foregoing provisions of this Paragraph 12, this Lease shall terminate as of the date the destruction occurred; provided, however, that if the damage does not meet the Damage Threshold, Landlord may elect
(but will not be required) to rebuild the Premises at Landlord’s own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within [***] days after the casualty. 

12.6.    Insurance Proceeds Payable to Landlord. Notwithstanding anything to the contrary, in the event of any
termination of this Lease as provided in this Paragraph 12, all insurance proceeds payable under policies maintained by Tenant covering Landlord’s Work and the Alterations made by Tenant shall be assigned and paid to Landlord. 

 

	13.	 Condemnation. 

13.1.    Partial Taking. If a portion of the Premises and/or the Outside Area serving the Premises is condemned and
Paragraph 13.2 does riot apply, this Lease shall continue on the following terms: 
 13.1.1.    Landlord shall be
entitled to all of the proceeds of condemnation, and Tenant shall have no claim against Landlord as a result of the condemnation. Tenant shall, however, be entitled to make a separate claim for moving and relocation expenses and other damages
suffered by Tenant, and Landlord agrees to reasonably cooperate, at no additional cost to Landlord, with Tenant to the extent such claim must be submitted with those of Landlord provided that in no event shall Landlord’s award be reduced by any
claim made by Tenant. 

  
 Page 28 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 13.1.2.    Landlord shall proceed as soon as reasonably possible to make
such repairs and alterations to the Premises as are necessary to restore the remaining Premises and/or the remaining Outside Area serving the Premises to a condition as comparable as reasonably practicable to that existing at the time of
condemnation. Landlord need not incur expenses for restoration in excess of the amount of condemnation proceeds received by Landlord after payment of all reasonable costs, expenses and attorneys fees incurred by Landlord in connection therewith.

 13.1.3.    Rent shall be abated during the period of restoration to the extent the Premises are not reasonably usable
by Tenant for the use permitted by Paragraph 6.1, and rent shall be reduced for the remainder of the Lease Term in an amount equal to the reduction in rental value of the Premises caused by the taking. 

13.2.    Total Taking. If a condemning authority takes the entire Premises or a portion sufficient to render the
remainder unsuitable for Tenant’s use, then either party may elect to terminate this Lease effective on the date that title passes to the condemning authority. Landlord shall be entitled to all of the proceeds of condemnation, and Tenant shall
have no claim against Landlord as a result of such condemnation. Tenant shall, however, be entitled to make a separate claim for moving and relocation expenses and other damages suffered by Tenant, and Landlord agrees to reasonably cooperate, at no
additional cost to Landlord, with Tenant to the extent such claim must be submitted with those of Landlord provided that in no event shall Landlord’s award be reduced by any claim made by Tenant. 

13.3.    Statutory Waiver. Each party hereby waives the provisions of §1265.130 of the California Code of
Civil Procedure allowing either party to petition the Superior Court to terminate this Lease in the event of a partial taking of the Project or Premises. 
  

	14.	 Assignment, Subletting and Other Transfers. 

14.1.    General. Except with respect to a Permitted Transfer (as defined below), neither the Lease nor any part of
the Premises may be assigned, mortgaged, subleased or otherwise transferred, nor may a right of use of any portion of the Premises be conferred on any person or entity by any other means, without the prior written consent of Landlord which shall not
be unreasonably withheld, conditioned or delayed. Prior to effectuating any such assignment, sublease or other transfer, Tenant shall notify Landlord in writing of the name and address of the proposed transferee, and deliver to Landlord with such
notice a true and complete copy of the proposed assignment agreement, sublease or other occupancy agreement, current financial statements of such proposed transferee, a statement of the use of the Premises by such proposed transferee and such other
information or documents as may be necessary or appropriate to enable Landlord to determine the qualifications of the proposed transferee together with a request that Landlord consent thereto (“Tenant’s Notice”). Without limiting
Landlord’s ability to deny or condition consent for any other reason, it shall not be considered unreasonable if Landlord’s consent to a proposed sublease, assignment or other transfer is denied based on the following: (i) [***],
(ii) [***], (iii) [***], (iv) [***], (v) [***], (vi) [***], (vii) [***], (viii) [***]; or (ix) [***]. Any attempted assignment, subletting, transfer or encumbrance by Tenant in violation of the terms and
covenants of this Paragraph 14.1 shall be void. 

  
 Page 29 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 14.2.    Landlord’s Alternatives. Except in the event of a
Permitted Transfer (which shall not be subject to the provisions of this Paragraph 14.2), within [***] days after Landlord’s receipt of the information specified in Paragraph 14.1, Landlord shall, by written notice to Tenant,
elect: (i) if the proposed transfer is a sublease for more than [***] of the Premises (taken in the aggregate with any prior sublease) and for more than [***] of the then-remaining Term, then to terminate this Lease as of the commencement date
stated in the proposed sublease with respect to all or any portion of the Premises Tenant proposes to sublease, or if the proposed transfer is an assignment of Tenant’s interest in the Lease, then to terminate this Lease as of the commencement
date stated in the proposed assignment; (ii) to consent to the transfer by Tenant; or (iii) to refuse its consent to the transfer. If Landlord proceeds under clause (ii) of this Paragraph 14.2 and consents to the transfer,
Tenant may thereafter enter into a valid sublet of the Premises or portion thereof, upon the terms and conditions and with the proposed transferee set forth in the information furnished by Tenant to Landlord pursuant to Paragraph 14.1,
subject, however, to the requirements of Paragraph 14.4. 
 14.3.    Permitted Transfer. Notwithstanding
the foregoing, and subject to Paragraph 6.1 of this Lease regarding the use of the Premises and Paragraph 6.6, Landlord’s prior written consent shall not be required for an assignment of this Lease or a sublease of the entire
Premises to any of the following transferees (each such transferee being a “Permitted Transferee” and such transfer a “Permitted Transfer”): (i) an Affiliate (hereafter defined in this Paragraph 14.3) of Tenant;
(ii) a corporation or other valid entity into which Tenant merges or consolidates; (iii) a transferee that purchases all of, or at least [***] of, Tenant’s assets, (iv) an assignment of this Lease to an entity which is the
resulting entity of a merger or consolidation of Tenant, (v) a sale or other transfer of corporate shares of capital stock (or any member interest if Tenant is a limited liability company) in Tenant in connection with either a bona fide
financing for the benefit of Tenant or an initial public offering of Tenant’s stock on a nationally-recognized stock exchange (and, following any such public offering, the sale or transfer of any such shares shall be a Permitted Transfer) or
any other transaction, or (vi) transfers of shares of stock or membership interests in Tenant which do not result in a change of control of Tenant. The assignment of this Lease to or a sublease of the entire Premises to a Permitted Transferee
shall be subject to the following conditions: (A) Tenant shall give Landlord prior written notice of the name of any such assignee or subtenant; (B) any assignee shall assume, in writing, for the benefit of Landlord all of Tenant’s
obligations under this Lease, and any subtenant shall agree, in writing, for the benefit of Landlord that such sublease is subject to and subordinate to this Lease; (C) the Tenant shall not be released from any obligations under this Lease; and
(D) in the case of items (i) through (v) above, the Permitted Transferee shall have a tangible net worth which is at least equal to the greater of Tenant’s tangible net worth at the time of the assignment or sublease, as
applicable, or on the Effective Date. The term “Affiliate” as used herein shall mean any partnership, limited liability company, or corporation, which directly or indirectly, through one or more intermediaries, controls, is controlled by,
or is under common control with another partnership, limited liability company, or corporation. The term “control,” as used in the immediately preceding sentence shall mean with respect to a corporation the right to exercise, directly or
indirectly, more than fifty percent (50%) of the voting rights attributable to the controlled corporation, and, with respect to any partnership or, the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of the controlled partnership or limited liability company, as applicable. 

  
 Page 30 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 14.4.    No Release; Excess Rent. No assignment, subletting or
other transfer, whether consented to by Landlord or not, or permitted hereunder, shall relieve Tenant of its liability under this Lease. If an event of default occurs while the Premises or any part thereof are assigned, sublet or otherwise
transferred, then Landlord, in addition to any other remedies herein provided, or provided by law, may collect directly from such assignee, sublessee or transferee all rents payable to Tenant and apply such rent against any sums due Landlord
hereunder. No such collection shall be construed to constitute a novation or a release of Tenant from the further performance of Tenant’s obligations hereunder. If Tenant assigns or otherwise transfers this Lease or sublets the Premises for an
amount in excess of the rent called for by this Lease, [***] of the Excess Consideration (as defined below) shall be paid to Landlord within [***] days following receipt by Tenant. As used herein, “Excess Consideration” means all
rents or other sums received by Tenant under any such assignment, sublease or other transfer which are in excess of the rents and other sums payable by Tenant under this Lease after deduction therefrom for reasonable costs actually paid by Tenant
for additional improvements installed in the portion of the Premises subject to such assignment, sublease or other transfer by Tenant at Tenant’s sole cost and expense for the specific assignee, sublessee or other transfer in question and
reasonable leasing commissions, attorney’s fees, and other costs paid by Tenant in connection with such assignment, sublease or other transfer, without deduction for carrying costs due to vacancy or otherwise. For the purposes of determining
the Excess Consideration payable to Landlord pursuant to Paragraph 14.2, if a portion of the Premises is sublet, the pro rata share of the rent attributable to such partial area of the Premises shall be determined by Landlord by dividing
the rent payable by Tenant hereunder by the total square footage of the Premises and multiplying the resulting quotient (the per square foot rent) by the number of square feet of the Premises which are sublet. Landlord may hire outside consultants
to review the transfer documents and information. Tenant shall pay Landlord an administrative fee of [***] and in addition shall reimburse Landlord for all costs and expenses incurred by Landlord in connection with any request for consent under this
Paragraph (even if consent is denied or the request is withdrawn) and such reimbursement shall include all out-of-pocket expenses, including reasonable
attorneys’ fees, on demand, not to exceed [***]. 
  

	15.	 Tenant Default. 

15.1.    Default. Any of the following shall constitute a default by Tenant under this Lease: 

15.1.1.    Tenant’s failure to (i) pay rent or any other charge under this Lease within [***] days
following the date such payment is due (provided, however, for the first failure to pay rent or other charge under this Lease within [***] following the date such payment is due in any [***] period, Tenant shall not be in default unless such
failure continues for [***] days following Tenant’s receipt of written notice thereof) or (ii) immediately cure or remove any lien pursuant to Paragraph 19 or (iii) except as provided in Paragraphs 15.1.2 through
15.1.4, comply with any other term or condition within [***] days following written notice from Landlord specifying the noncompliance. If any failure described in clause (iii) of the immediately preceding sentence cannot be cured
within the [***]-day period, this provision shall be deemed complied with so long as Tenant commences correction within such period and thereafter proceeds in good faith and with reasonable diligence to effect
the remedy as soon as practicable, in no event to exceed [***] days from the date of receipt of notice from Landlord. 

  
 Page 31 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 15.1.2.    Tenant’s insolvency; assignment for the benefit of its
creditors; Tenant’s voluntary petition in bankruptcy or adjudication as bankrupt; attachment of or the levying of execution on the leasehold interest and failure of Tenant to secure discharge of the attachment or release of the levy of
execution within [***] days; or the appointment of a receiver for Tenant’s properties. 

15.1.3.    Abandonment (as defined by Applicable Law) of the Premises by Tenant. 

15.1.4.    Failure of Tenant to deliver the documents or agreements required under Paragraphs 18.1 and/or 18.3
within the relevant time period(s) specified therein, where such failure continues for an additional [***] days after written notice from Landlord to Tenant. 

15.2.    Remedies. Upon a default, Landlord shall have the following remedies, in addition to all other rights and
remedies provided by law or otherwise provided in this Lease, to which Landlord may resort cumulatively or in the alternative: 

15.2.1.    Landlord may continue this Lease in full force and effect, and this Lease shall continue in full force and
effect as long as Landlord does not terminate this Lease, and Landlord shall have the right to collect Rent when due. 

15.2.2.    Landlord may terminate Tenant’s right to possession of the Premises at any time by giving written notice
to that effect, and relet the Premises or any part thereof. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises or any part thereof, including, without limitation, broker’s commissions,
expenses of cleaning and redecorating the Premises required by the reletting and like costs. Reletting may be for a period shorter or longer than the remaining term of this Lease. No act by Landlord other than giving written notice to Tenant shall
terminate this Lease. Acts of maintenance, efforts to relet the Premises or the appointment of a receiver on Landlord’s initiative to protect Landlord’s interest under this Lease shall not constitute a termination of Tenant’s right to
possession. On termination, Landlord has the right to remove all Tenant’s personal property and store the same at Tenant’s cost and to recover from Tenant as damages: 

(i)    The worth at the time of award of unpaid Rent and other sums due and payable which had been earned at the time of termination; plus

 (ii)    The worth at the time of award of the amount by which the unpaid Rent and other sums due and payable which would have been
payable after termination until the time of award exceeds the amount of such Rent loss that Tenant prove could have been reasonably avoided; plus 

(iii)    The worth at the time of award of the amount by which the unpaid Rent and other sums due and payable for the balance of the Lease
Term after the time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; plus 
 (iv)    Any
other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform Tenant’s obligations under this Lease, or which, in the 

  
 Page 32 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
ordinary course of things, would be likely to result therefrom, including, without limitation, any costs or expenses incurred by Landlord: (A) in retaking possession of the Premises;
(B) in maintaining, repairing, preserving, restoring, replacing, cleaning, altering or rehabilitating the Premises or any portion thereof, including such acts for reletting to a new tenant or tenants; (C) for leasing commissions; or
(D) for any other costs necessary or appropriate to relet the Premises; plus 
 (v)    At Landlord’s election, such other
amounts in addition to or in lieu of the foregoing as may be permitted from time to time by the laws of the State of California. 
 The
“worth at the time of award” of the amounts referred to in Paragraphs 15.2.2(i) and 15.2.2(ii) is computed by allowing interest at the interest rate as provided in Paragraph 25.2 on the unpaid rent and other sums due
and payable from the termination date through the date of award. The “worth at the time of award” of the amount referred to in Paragraph 15.2.2(iii) is computed by discounting such amount at the discount rate of the Federal Reserve
Bank of San Francisco at the time of award plus [***]. Tenant waives redemption or relief from forfeiture under California Code of Civil Procedure §1174 and §1179, or under any other present or future law, in the event Tenant is evicted or
Landlord takes possession of the Premises by reason of any default of Tenant hereunder. 
 15.2.3.    Landlord may, with
or without terminating this Lease, re-enter the Premises and remove all persons and property from the Premises; such property may be removed and stored in a public warehouse or elsewhere at the cost of and for
the account of Tenant. No re-entry or taking possession of the Premises by Landlord pursuant to this Paragraph 15.2 shall be construed as an election to terminate this Lease unless a written notice of
such intention is given to Tenant. 
 15.2.4.    Tenant acknowledges that certain benefits or concessions provided by
Landlord are conditioned upon Tenant’s timely, fully and faithful performance of each and every obligation, covenant, representation and warranty of this Lease throughout the entire term of this Lease, even though such benefits or concessions
may be realized by Tenant over less than the entire term of this Lease. Accordingly, notwithstanding anything to the contrary contained herein, in the event Landlord brings an action against Tenant for default under this Lease which seeks to
terminate this Lease or Tenant’s right of possession, Landlord shall become immediately entitled to receive from Tenant as additional rent the unamortized amount of all such benefits and concessions allocable to the balance of the Lease term on
a pro rata basis, i.e., an amount equal to the product of (x) the sum of (a) any amounts theretofore or thereafter paid by Landlord to Tenant or to any third party, or any amounts credited to Tenant or to any third party, for of on
account of (i) any moving, tenant improvement, decorating or other allowance or credit granted to Tenant, (ii) any real estate commission paid on account of this Lease, and (iii) any expenses or costs related to assumption by Landlord
of any other lease, plus (b) an amount equal to the difference between the Base Rent specified in this Lease and rent for any period for which this Lease provides any lesser amount including zero or nominal rent, including for any period of
early occupancy of the Premises prior to the Commencement Date of this Lease, plus (c) the amount spent by Landlord for any tenant improvements to the Premises; multiplied by (y) a fraction, the numerator of which is the number of days of
the term of this Lease remaining between the date of default and the expiration of the term of this Lease, and the denominator of which is the total number of days for the term of this Lease. 

  
 Page 33 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 15.3.    Bankruptcy. 

15.3.1.    The commencement of a bankruptcy action or liquidation action or reorganization action or insolvency action or
an assignment of or by Tenant for the benefit of creditors, or any similar action undertaken by Tenant, or •the insolvency of Tenant, shall, at Landlord’s option, constitute a breach of this Lease by Tenant. If the trustee or receiver
appointed to serve during a bankruptcy, liquidation, reorganization, insolvency or similar action elects to reject Tenant’s unexpired Lease, the trustee or receiver shall notify Landlord in writing of its election within [***] days after
an order for relief in a liquidation action or within [***] days after the commencement of any action. 

15.3.2.    Within [***] days after court approval of the assumption of this Lease, the trustee or receiver shall cure
(or provide adequate assurance to the reasonable satisfaction of Landlord that the trustee or receiver shall cure) any and all previous defaults under the unexpired Lease and shall compensate Landlord for all actual pecuniary loss resulting from
Tenant’s breach of this Lease, including any attorneys’ fees and costs incurred by Landlord as a result of such breach and/or the bankruptcy proceedings instituted by or against Tenant, and shall provide adequate assurance of future
performance under the Lease to the reasonable satisfaction of Landlord. Adequate assurance of future performance, as used herein, includes, but shall not be limited to (i) assurance of source and payment of Rent and other consideration due
under this Lease and (ii) assurance that the assumption or assignment of this Lease will not breach any provision, such as radius, location, use or exclusivity provisions in any other lease of space within the Project. 

15.3.3.    Nothing contained in this Paragraph 15.3 shall affect the right of Landlord to refuse to accept an
assignment upon commencement of or in connection with a bankruptcy, liquidation, reorganization or insolvency action or an assignment of Tenant for the benefit of creditors or other similar act. Nothing contained in this Lease shall be construed as
giving or granting or creating equity in the Premises to Tenant. In no event shall the leasehold estate under this Lease, or any interest therein, be assigned by voluntary or involuntary bankruptcy proceeding without the prior written consent of
Landlord. In no event shall this Lease or any rights or privileges hereunder be an asset of Tenant under any bankruptcy, insolvency or reorganization proceedings. 

15.4.    No Bar of Action(s). Landlord may sue periodically to recover damages during the period corresponding to
the remainder of the Lease Term, and no action for damages shall bar a later action for damages subsequently accruing. 

15.5.    Landlord Cure. If Tenant fails to perform any obligation under this Lease, Landlord shall have the option
to do so after [***] days written notice to Tenant. All of Landlord’s expenditures to correct the default shall be reimbursed by Tenant on demand together with interest at the interest rate provided in Paragraph 25.2 from the date
of expenditure until repaid. Such action by Landlord shall not waive any other remedies available to Landlord because of the default. 

15.6.    No Exclusion. The foregoing remedies shall be in addition to and shall not exclude any other remedy
available to Landlord at law or in equity. 

  
 Page 34 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

	16.	 Landlord Default. 

Landlord shall be in default under this Lease if it shall fail to comply with any term, provision or covenant of this Lease and shall not cure
such failure within [***] days after written notice thereof to Landlord unless such cure cannot reasonably be accomplished within such [***]-day period. Landlord shall have such additional time as is
reasonably necessary to accomplish such cure provided Landlord promptly commences and diligently prosecutes such cure to completion. 
  

	17.	 Surrender at Expiration or Termination. 

17.1.    Surrender. On expiration or early termination of this Lease, Tenant shall deliver all keys to Landlord,
have final utility readings made and pay all utility accounts current on the date of move out, and surrender the Premises clean and free of debris inside and out, with all mechanical, electrical, and plumbing systems in good operating condition, all
signing removed and defacement corrected, all repairs called for under this Lease completed, all interior walls repaired and repainted if marked or damaged, all carpets steam cleaned, all broken, marred or nonconforming acoustical ceiling tiles
replaced, all windows washed, the plumbing and electrical systems and lighting in good order and repair, including replacement of any burned out or broken light bulb or ballasts, and all floors cleaned, all to the reasonable satisfaction of
Landlord. Also prior to the expiration or earlier termination of the Lease Term, Tenant shall, at its sole cost and expense, remove all Tenant’s personal property from the Premises. The Premises shall be delivered in the same condition as at
the Commencement Date, subject only to damage by casualty, the provisions of Paragraphs 6.4, 6.5, 6.6 and 17.2 and depreciation and wear and tear from ordinary use. Tenant shall remove all of its furnishings and trade fixtures
that remain its property and restore all damage resulting from such removal. Failure to remove said property shall be an abandonment of same, and Landlord may remove and/or dispose of it in any manner permitted under law without liability,
and Tenant shall be liable to Landlord for any costs of removal, restoration, transportation to storage, storage and/or disposal, plus an administrative fee of [***] percent ([***]%), together with interest on all such expenses and fees at
the interest rate provided in Paragraph 25.2. The provisions of this Paragraph 17.1 (including, without limitation, all provisions referenced herein) shall survive the expiration or earlier termination of this Lease. 

17.2.    Removal of Hazardous Materials. Upon expiration of this Lease or sooner termination of this Lease for any
reason, Tenant shall (i) remove all Hazardous Materials and facilities used for the storage or handling of Hazardous Materials from the Premises and restore the affected areas by repairing any damage caused by the installation or removal of the
facilities and (ii) take any and all actions necessary to close all Hazardous Materials permits and approvals for the Premises with all government and other regulatory agencies having jurisdiction over the Project. Following such removal,
Tenant shall certify in writing to Landlord that all such removal is complete. Until such time as Tenant has fulfilled all the requirements of this Paragraph 17.2 (in addition to any other requirements), Landlord may treat Tenant as a
holdover Tenant as provided below; provided, however, that any such continuation of this Lease shall not relieve Tenant of its obligations under this Paragraph 17.2. 

17.3.    Failure to Vacate. If Tenant fails to vacate the Premises when required and holds over without
Landlord’s prior written consent, Landlord shall treat Tenant as a tenant from month 

  
 Page 35 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
to month, subject to all provisions of this Lease except the provision for Lease Term and at a rental rate equal to (i) [***] of the Base Rent plus (ii) all Additional Rent payable by
Tenant immediately preceding the scheduled expiration of the Lease Term for the first [***] of holding over, thereafter Landlord may elect either (i) to continue such month’ to month tenancy at a rental rate equal to (i) [***] of the
Base Rent plus (ii) all Additional Rent thereafter, or (ii) to treat Tenant as a tenant at sufferance, eject Tenant from the Premises and recover damages caused by wrongful holdover including, without limitation, as set forth in
Paragraph 17.4. Failure of Tenant to remove furniture, furnishings, cabling or other telecommunications equipment, or trade fixtures which Tenant is required to remove under this Lease, or to comply fully with the provisions of Paragraph
17.2, shall constitute a failure to vacate to which this Paragraph 17.3 shall apply if such property not removed substantially interferes with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose
including preparation for a new tenant. If a month-to-month tenancy results from a holdover by Tenant under this Paragraph 17.3, the tenancy shall be terminable
by either Landlord or Tenant upon [***] days prior written notice from by one party to the other party, provided such termination shall not be effective prior to the [***] day after the expiration date. Tenant waives any notice that would
otherwise be provided by law with respect to a month-to-month tenancy. 

17.4.    Indemnification. Tenant acknowledges that, if Tenant holds over without Landlord’s consent as
provided above, such holding over may compromise or otherwise affect Landlord’s ability to enter into new leases with prospective tenants regarding the Premises and/or the Building. Therefore, if Tenant fails to surrender the Premises upon the
expiration or other termination of this Lease, and such failure continues for more than [***] days after the expiration date, then, in addition to any other liabilities to Landlord accruing therefrom, Tenant shall protect, defend, indemnify and
hold Landlord harmless from any and all obligations, losses, claims, actions, causes of action, liabilities, penalties, damages (including consequential and punitive damages), costs and expenses (including reasonable attorneys and consultants fees
and expense) resulting from such failure including, without limiting the generality of the foregoing, any claims made by any succeeding tenant founded upon such failure to surrender and any lost profits to Landlord resulting therefrom. The
provisions of this Paragraph 17.4 are in addition to, and do not affect, Landlord’s right to re-entry or other rights hereunder or provided by law. Tenant’s obligations under this Paragraph
17.4 shall survive the expiration or earlier termination of this Lease. 
  

	18.	 Mortgage or Sale by Landlord; Estoppel Certificates. 

18.1.    Priority. This Lease is subject and subordinate to mortgages and deeds of trust (collectively
“Encumbrances”) which may now affect the Premises or the parcel on which the Building or the Project are located; provided, however, if the holder or holders of any such Encumbrance (“Holder”) shall require that this Lease be
prior and superior thereto, Tenant shall, within [***] days after written request from Landlord, execute, have acknowledged and deliver any and all reasonable documents or instruments, which Landlord or Holder deems necessary or desirable for
such purposes. Landlord shall have the right to cause this Lease to be and become and remain subject and subordinate to any and all Encumbrances which may hereafter be executed covering the Premises or the parcel on which the Building or the Project
are located, or any renewals, modifications, consolidations, replacements or extensions thereof, for the full amount of all advances made or to be made thereunder and without regard to the time or character of such

  
 Page 36 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
advances, together with interest thereon at the interest rate provided in Paragraph 25.2 and subject to all the terms and provisions thereof; provided only, that in the event of
termination of any such lease or upon the foreclosure of any such mortgage or deed of trust, so long as Tenant is not in default, Holder agrees to recognize Tenant’s rights under this Lease as long as Tenant shall pay the Rent and observe and
perform all the provisions of this Lease to be observed and performed by Tenant. Within [***] business days after Landlord’s written request, Tenant shall execute any and all commercially-reasonable documents required by Landlord or the
Holder to make this Lease subordinate to any lien of the Encumbrance. If Tenant fails to do so, it shall be in default under this Lease and, in addition to all of Landlord’s other rights and remedies for such default, it shall be deemed that
this Lease is subordinated. Landlord shall use commercially reasonable efforts to obtain for the benefit of Tenant a commercially reasonable subordination, non-disturbance and attornment agreement from the
holder of any future Encumbrance. 
 18.2.    Attornment. If the Building is sold as a result of foreclosure of
any Encumbrance thereon or otherwise transferred by Landlord or any successor, Tenant shall attorn to the purchaser or transferee, and the transferor shall have no further liability hereunder. 

18.3.    Estoppel Certificate. Tenant shall, within [***] days following written request by Landlord, execute and
deliver to Landlord any documents, including estoppel certificates, in a commercially reasonable form prepared by Landlord (i) certifying that this Lease is unmodified and in full force and effect or, if modified, stating the nature of such
modification and certifying that this Lease, as so modified, is in full force and effect and the date to which the rent and other charges are paid in advance, if any, and (ii) acknowledging that there are not, to Tenant’s knowledge, any
uncured defaults on the part of Landlord, or, if there are uncured defaults on the part of the Landlord, stating the nature of such uncured defaults, and (iii) evidencing the status of the Lease as may be required either by a lender making a
loan to Landlord to be secured by deed of trust or mortgage covering the Building and/or the parcel on which the Building is located, or a purchaser of the Building and/or the parcel on which the Building is located from Landlord. Tenant’s
failure to deliver an estoppel certificate within two (2) business days after delivery of Landlord’s written notice that Tenant failed to deliver an estoppel certificate within the [***] day period referenced above shall be conclusive upon
Tenant (A) that this Lease is in full force and effect, without modification except as may be represented by Landlord, (B) that there are now no uncured defaults in Landlord’s performance and (C) that no rent has been paid in
advance. 
  

	19.	 Liens. 

Tenant shall keep the Premises, the Building, and the Project free from any liens arising out of any work performed, materials furnished or
obligations incurred by or on behalf of Tenant and shall indemnify, defend and hold Landlord and Landlord’s Agents harmless from all claims, costs and liabilities, including attorneys fees and costs, in connection with or arising out of any
such lien or claim of lien. Tenant shall cause any such lien imposed to be released of record by payment or posting of a proper bond acceptable to Landlord within [***] days after written request by Landlord. Tenant shall give Landlord
written notice of Tenant’s intention to perform work on the Premises, which might result in any claim of lien at least [***] days prior to the commencement of such work to enable Landlord to post and record a Notice of Nonresponsibility.
If Tenant fails to so remove any such lien within the prescribed [***] day period, then Landlord may do so at Tenant’s expense and Tenant shall reimburse Landlord for such amounts upon demand. Such reimbursement shall include all costs
incurred by Landlord including Landlord’s reasonable attorneys’ fees with interest thereon at the interest rate provided in Paragraph 25.2. 

  
 Page 37 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

	20.	 Attorneys Fees; Waiver of Jury Trial. 

In the event that any party shall bring an action to enforce its rights under this Lease, the prevailing party in any such proceeding shall be
entitled to recover its reasonable attorneys, witness and expert fees and costs of the proceeding, including any appeal thereof and in any proceedings in bankruptcy. To the extent allowed by Applicable Law, disputes between the parties which are to
be litigated shall be tried before a judge without a jury. 
  

	21.	 Limitation on Liability; Transfer by Landlord. 

21.1.    Property and Assets. Landlord’s personal liability under this Lease shall be limited pursuant to the
provisions of this Paragraph 21.1; Tenant shall look solely to Landlord’s interest in the Building and the parcel on which the Building is located for any recovery of damages for any breach by Landlord of this Lease,
or any recovery of any judgment against Landlord. None of the members comprising Landlord (whether partners, members, shareholders, officers, directors, trustees, employees, beneficiaries or otherwise) shall ever be personally liable for any such
judgment. There shall be no levy of execution against any assets of Landlord, other than the Building and the parcel on which the Building is located, or the assets of such members on account of any liability of Landlord hereunder. Tenant hereby
waives any right of recovery or satisfaction of any judgment against Landlord or its members, except as to Landlord’s interest in the Building and the parcel on which the Building is located as herein specified. 

21.2.    Transfer by Landlord. All obligations of Landlord hereunder will be binding upon Landlord only during the
period of its possession of the Premises and not thereafter. The term “Landlord” shall mean only the owner of the Premises for the time being, and if such owner transfers its interest in the Premises, such owner shall thereupon be released
and discharged from all covenants and obligations of the Landlord thereafter accruing, but such covenants and obligations shall be binding during the Lease Term upon each new owner for the duration of each owner’s ownership. 

21.3.    Other Occupants. Landlord shall have no liability to Tenant for loss or damages arising out of the acts or
inaction of other tenants or occupants. 
  

	22.	 Landlord’s Right to Perform Tenant’s Covenants. 

If Tenant shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease, Landlord
may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Lease, upon written notice to Tenant, make such payment or perform such other act to the extent Landlord may deem desirable, and in
connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due and payable by Tenant within [***] days of Landlord’s written demand therefor,
together with interest thereon at the interest rate provided in Paragraph 25.2 from such date to the date of payment by Tenant to Landlord, plus collection costs and attorneys’ fees. Landlord shall have the same rights and remedies for
the nonpayment thereof as in the case of default in the payment of Rent. 

  
 Page 38 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

	23.	 Mortgagee Protection. 

If Landlord defaults under this Lease, Tenant will notify any beneficiary of a deed of trust or mortgagee of a mortgage covering the Building
and/or the parcel on which the Building is located for which Landlord has provided Tenant with a name and address, and offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the
Building and/or the parcel on which the Building is located by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. Any such beneficiary or mortgagee which succeeds to the interest of Landlord hereunder, shall
not be (i) liable for any act or omission of any prior Landlord (including Landlord) unless such act or omission is of a continuing nature; or (ii) subject to any offsets or defenses which Tenant might have against any prior Landlord
(including Landlord); or (iii) bound by any Rent which Tenant might have paid in advance to any prior Landlord (including Landlord) in excess of one month’s Rent. Notwithstanding anything to the contrary contained in this Lease, the Holder
of any Encumbrance or the purchaser upon the foreclosure of any of Encumbrance shall be an intended third party beneficiary of this Paragraph 23. 
  

	24.	 Real Estate Brokers; Finders. 

Landlord and Tenant warrant and represent each to the other that it has had no dealings with any real estate broker or agent in connection with
the negotiation of this Lease, except for T3 Advisors (“Tenant’s Broker”), which represents Tenant, and that it knows of no other real estate broker or agent who is or might be entitled to a commission in connection with this Lease.
Landlord shall pay Tenant’s Broker a commission in connection with Landlord and Tenant entering into this Lease, which commission shall be paid pursuant to a separate agreement between Landlord and such broker. Landlord and Tenant agree to
indemnify, defend and hold each other and their respective agents harmless from and against any and all liabilities or expenses, including attorneys’ fees and costs, arising out of or in connection with claims made by any broker or individual
against the indemnified party for commissions or fees in connection with the execution of this Lease and resulting from the actions of the indemnifying party. 
  

	25.	 Miscellaneous. 

25.1.    Force Majeure. The performance of any obligation to be performed by Landlord and Tenant under this Lease,
excluding, however, the obligation to pay rent or any other monetary obligation of either party, shall be excused for any period during which either party is prevented from performing such obligation due to causes beyond such parties control,
including without limitation, strikes, lockouts or other labor disturbance or labor dispute, governmental regulation, moratorium or other governmental action, civil disturbance, war, war-like operations,
terrorism, invasions, rebellion, hostilities, sabotage, fires or other casualty, rain, flooding, hailstorms, lightning, earthquake, or other acts of God (collectively, “force majeure”). Landlord and Tenant each agree to (i) provide
written notice to the other if Landlord or Tenant is unable to perform any obligation imposed upon such party hereunder within the time period required, if such inability to perform is due to force majeure, and (ii) use reasonable efforts to
mitigate the effects of force majeure on the timely performance of such obligation. 

  
 Page 39 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 25.2.    Interest. Except as may be set forth in Paragraph
15.2, interest charged under this Lease shall be at the rate of [***] per annum (in no event to exceed the maximum rate of interest permitted by law). 

25.3.    Late Charges. Tenant acknowledges that late payment by Tenant to Landlord of rent and other charges
provided for under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of such costs being extremely difficult or impracticable to fix. Therefore, if any installment of rent or any other charge due from
Tenant is not received by Landlord when due, Tenant shall pay to Landlord an additional sum equal to [***] percent ([***]%) of the amount overdue as a late charge for every month or portion thereof that the rent or other charges remain unpaid. The
parties agree that this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of the late payment by Tenant. 

25.4.    Modification for Lender. If in connection with obtaining financing for the Building, the parcel on which
the Building is located, or the Project, Landlord’s lender shall request reasonable modification to this Lease as a condition to such financing, Tenant shall not Ili-treasonably withhold, delay or defer its consent thereto, provided such
modifications do not materially adversely affect Tenant’s rights or increase Tenant’s obligations hereunder. 

25.5.    Captions; Paragraph Headings. The captions and headings used in this Lease are for the purpose of
convenience only and shall not be construed to limit or extend the meaning of any part of this Lease. Reference to a “Paragraph” shall mean reference to either a specified numbered paragraph or subparagraph of this Lease. 

25.6.    Nonwaiver. Waiver by either party of strict performance of any provision of this Lease shall not be a
waiver of or prejudice the party’s right to require strict performance of the same provision in the future or of any other provision. 

25.7.    Succession. Subject to the limitations on transfer of Tenant’s interest, this Lease shall bind and
inure to the benefit of the parties, their respective heirs, successors, and assigns. 
 25.8.    Landlord’s
Right to Enter the Premises. Tenant shall permit Landlord and Landlord’s Agents to enter the Premises at all reasonable times with at least [***] advance notice (except for emergencies and for the purpose of discharging Landlord’s
obligations hereunder, in which both such cases advance notice shall be reasonable under the circumstances) to inspect the same, to discharge Landlord’s obligations hereunder, including the maintenance of the Outside Area, to post Notices of
Nonresponsibility and similar notices, to show the Premises to interested parties such as prospective lenders, to make necessary repairs, to discharge Tenant’s obligations hereunder when Tenant has failed to do so within a reasonable time after
written notice from Landlord, and at any reasonable time within the year prior to the expiration or earlier termination of the Lease Term (provided the extension option has not been exercised), to place upon the Building and the Outside Area
ordinary “For Lease” signs and to show the Premises to prospective tenants. Except in the event of an emergency (for which Landlord may enter upon the Premises without notice by any means necessary), the above rights are subject to
reasonable security regulations and access controls of Tenant, and to the requirement that Landlord shall at all times act in a manner to cause the least possible physical interference with Tenant’s business. 

  
 Page 40 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 25.9.    Notices. Any notice permitted or required to be given
hereunder shall be in writing and shall be given by personal delivery or certified United States mail (return receipt requested), U.S. Express Mail or overnight air courier, in each case postage or equivalent prepaid, addressed to the address
for notices set forth in the Basic Lease Terms. The person to whom and the place to which notices are to be given may be changed from time to time by either party by written notice given to the other party. If any notice is given by mail, it shall
be effective upon actual delivery or refusal to accept such delivery, as indicated by the return receipt; and if given by personal delivery, U.S. Express Mail or by overnight air courier, when delivered (or refused). 

25.10.    Entire Agreement. This Lease and the exhibits hereto is the entire agreement between the parties, and
there are no agreements or representations between the parties except as expressed herein. 

25.11.    Authority. Tenant warrants to Landlord that Tenant is a valid and existing corporation or other relevant
entity, that Tenant has all right and authority to enter into this Lease, and that each and every person signing on behalf of Tenant is authorized to do so. Each of the persons executing this Lease on behalf of Landlord warrants to Tenant that
Landlord is a valid and existing corporation or other relevant entity, that Landlord has all right and authority to enter into this Lease, and that each and every person signing on behalf of Landlord is authorized to do so. 

25.12.    Time of Essence. Time is of the essence of the performance of each of Tenant’s obligations under
this Lease. 
 25.13.    Modifications. This Lease may not be modified except by written endorsement attached to
this Lease, dated and signed by the parties. 
 25.14.    No Appurtenances. This Lease does not create any rights
to light and air by means of openings in the walls of the Building, any rights or interests in parking facilities, or any other rights, easements or licenses, by implication or otherwise, except as expressly set forth in this Lease or its exhibits.

 25.15.    Financial Statements. Upon written request of Landlord (not more than [***] in any [***] period, and
any financial statements provided in connection with Paragraph 5.1.10 shall not be included in such restriction), Tenant shall furnish to Landlord, within [***] days following receipt of Landlord’s written request, Tenant’s most
current financial statements (including balance sheet and income statement) for the [***] prepared in the ordinary course of Tenant’s business and, if not audited, certified by the chief financial officer or accounting officer of Tenant that
such statements have been prepared in accordance with Generally Accepted Accounting Principles (GAAP). Landlord may make such financial statement available to any prospective lender or purchaser of the Project or any portion thereof provided such
party agrees in writing to keep such information confidential. Landlord shall keep such financial information confidential and shall require any such prospective lender or purchaser to do the same. 

25.16.    Regulations. Landlord shall have the right to make and enforce (in a nondiscriminatory manner) reasonable
regulations and criteria consistent with this Lease for the purpose of promoting safety, order, cleanliness and good service to the tenants and other occupants of the Project. Copies of all such regulations shall be furnished to Tenant and shall be
complied with as if part of this Lease. 

  
 Page 41 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 25.17.    Applicable Law; Severability. This Lease shall be
construed, applied and enforced in accordance with the laws of the State in which the Premises is located. If a court of competent jurisdiction holds any portion of this Lease to be illegal, invalid or unenforceable as written, it is the intention
of the parties that (i) such portion of this Lease be enforced to the extent permitted by law and (ii) the balance of this Lease remain in full force and effect. It is also the intention of the parties that in lieu of each clause or
provision of this Lease that is illegal, invalid or unenforceable there be added, as a part of this Lease, a clause or provision as similar in terms to such illegal, invalid or unenforceable clause or provision as may be possible and be legal, valid
and enforceable. 
 25.18.    Landlord’s Consent. Whenever Landlord’s consent or approval is required
under this Lease, except as otherwise expressly provided in this Lease, Landlord may grant or withhold such consent or approval in Landlord’s sole and absolute discretion. 

25.19.    Joint and Several Liability. In the event Tenant now or hereafter consists of more than one person, firm
or corporation, then all such persons, firms or corporations shall be jointly and severally liable as Tenant under this Lease. 

25.20.    Construction and Interpretation. All provisions of this Lease have been negotiated by Landlord and Tenant
at aim’s length and neither party shall be deemed the author of this Lease. This Lease shall not be construed for or against either party by reason of the authorship or alleged authorship of any provision hereof or by reason of the status of
the respective parties as Landlord or Tenant. 
 25.21.    No Recordation. Neither this Lease, nor any short form
or memorandum thereof, shall be recorded in any manner against the real property of which the Premises comprises a portion. 

25.22.    No Partnership Created. Neither this Lease nor the calculation and payment of Base Rent, Additional Rent
or any other sums hereunder, is intended to create a partnership or joint venture between Landlord and Tenant, or to create a principal-and-agent relationship between
the parties. 
 25.23.    Quiet Enjoyment. Landlord covenants that Tenant, upon performing the terms, conditions
and covenants of this Lease, shall have quiet and peaceful possession of the Premises as against any person claiming the same by, through or under Landlord. 

25.24.    Days of Week. If the date upon which any act is to be performed or notice is to be delivered under this
Lease shall fall upon a Saturday, Sunday or legal holiday, such act or notice shall be timely if performed or delivered on the next business day. 

25.25.    OFAC. Tenant represents and warrants to Landlord that Tenant is not and shall not become a person or
entity with whom Landlord is restricted from doing business under any current or future regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including, but not limited to, those named on OFAC’
s Specially Designated and 

  
 Page 42 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
Blocked Persons list) or under any current or future statute, executive order (including, but not limited to, the September 24, 2001, Executive Order Blocking Property and Prohibiting
Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action and is not and shall not engage in any dealings or transaction or be otherwise associated with such persons or entities. 

25.26.    Intentionally omitted. 

25.27.    Additional California Waivers. 

25.27.1.    TENANT HEREBY WAIVES ANY AND ALL RIGHTS CONFERRED BY SECTION 3275 OF THE CIVIL CODE OF CALIFORNIA AND BY
SECTIONS 1174 (c) AND 1179 OF THE CODE OF CIVIL PROCEDURE OF CALIFORNIA AND ANY AND ALL OTHER LEGAL REQUIREMENTS AND RULES OF LAW FROM TIME TO TIME IN EFFECT DURING THE LEASE TERM PROVIDING THAT TENANT SHALL HAVE ANY RIGHT TO REDEEM, REINSTATE
OR RESTORE THE LEASE FOLLOWING ITS TERMINATION BY REASON OF TENANT’S BREACH. 
 25.27.2.    TENANT WAIVES ANY RIGHT
TO NOTICE TENANT MAY HAVE UNDER SECTION 1951.3 OF THE CIVIL CODE OF THE STATE OF CALIFORNIA, THE TERMS OF SECTION 25.9 OF THE LEASE BEING DEEMED SUCH NOTICE TO TENANT AS REQUIRED BY SAID SECTION 1951.3. 

25.27.3.    When this Lease requires service of a notice, that notice shall replace rather than supplement any equivalent
or similar statutory notice, including any notice required by California Code of Civil Procedure Section 1161 or any similar or successor statute. When a statute requires service of a notice in a particular manner, service of that notice (or a
similar notice required by this Lease) in the manner required by this Lease shall replace and satisfy the statutory service-of-notice procedures, including those
required by California Code of Civil Procedure Section 1162 or any similar or successor statute. 
 25.28.    No
Cannabis. Tenant shall not bring upon the Premises or any portion of the Building or Project or use the Premises or permit the Premises or any portion thereof to be used for the growing, manufacturing, administration, distribution (including
without limitation, any retail sales), possession, use or consumption of any cannabis, marijuana or cannabinoid product or compound, regardless of the legality or illegality of the same. 

25.29.    Exhibits. The following exhibits are attached hereto and incorporated herein by this reference: 

Exhibit A — Depiction showing Premises 

Exhibit B — Depiction showing Project 

Exhibit C — Work Letter Agreement 

Exhibit D — Commencement Date Memorandum 

Exhibit E — Hazardous Materials Questionnaire 

Exhibit F — Signage Criteria 

Exhibit F -1 — Depiction of Building Signage 

Exhibit G — Form of Letter of Credit 

  
 Page 43 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

	26.	 Special Provisions. 

26.1.    First Right to Lease. Tenant shall have a one-time first right to
lease as additional space the entire adjacent building containing approximately 33,067 rentable square feet having a street address of 3070 Orchard Drive, San Jose, CA (the “FRL Space”) if, at any time commencing on the date this Lease is
fully executed and ending on the original Expiration Date (the “FRL Period”), the FRL Space becomes Available (as such term is defined below), upon and subject to the teams and conditions of this paragraph (the “First Right to
Lease”). Notwithstanding the foregoing, if the FRL Space becomes Available during the last [***] years of the Initial Term, Landlord may require Tenant to exercise its extension option in connection with the exercise of its First Right
to Lease; provided, however, Landlord shall have no obligation to deliver its estimate of the Fair Market Rental Value of the Premises described in Paragraph 3.1.3 until such date that is [***] months prior to
the commencement of the Extension Term. 
 26.1.1.    Notice of Availability. If the FRL Space becomes Available
during the FRL Period, Landlord shall notify Tenant of such fact, and the material terms on which Landlord is prepared to lease the FRL Space to Tenant (i.e., Landlord’s determination of Fair Market Rental Value (including proposed escalations)
as hereinafter defined, tenant improvement allowance, if any, and free rent concessions, if any) (“Landlord’s Notice of Availability”). Tenant shall have [***] days after receipt of Landlord’s Notice of Availability to advise
Landlord in writing whether it will add the FRL Space to the Premises on the terms and conditions described in Landlord’s notice (“Tenant’s Notice of Acceptance”). Tenant’s Notice of Acceptance shall either accept
Landlord’s determination of Fair Market Rental Value or reject such determination and propose Tenant’s determination of Fair Market Rental Value. Failure of Tenant to timely provide Tenant’s Notice of Acceptance shall be deemed
Tenant’s election not to add the FRL Space to the Premises on the terms set forth in Landlord’s Notice of Availability. If Tenant does not elect to add the FRL Space, then Landlord may lease the FRL Space to a third party or take if off
the market for any reason whatsoever; provided that, if Landlord does not enter into a binding lease with any other third party for the FRL Space reflected in Landlord’s Notice of Availability within [***] months after the deadline by
which Tenant was to have provided Tenant’s Notice of Acceptance, Tenant’s First Right to Lease shall be reinstated and the procedures above shall again be followed, but if Tenant elects not to add the FRL Space to the Premises following
such second offer (or is deemed to not have so elected), Tenant’s First Right to Lease shall forever terminate. As used herein, “Available” shall mean that the FRL Space is, or is expected by Landlord to become, vacant, unencumbered
and free and clear of all claims and rights of other tenants or other third parties. Without limiting the generality of the foregoing, the FRL Space shall not be deemed Available if, as to all or any portion thereof, there is an outstanding lease,
lease option, or option or other right of extension, renewal, expansion, first refusal, first negotiation, or similar or other right, pursuant to any lease or written agreement, or if any then-existing tenant or occupant desires to renew or extend
its lease as to any or all of such space, whether or not pursuant to an existing right or option (however, Landlord represents and warrants that no such rights currently exist with respect to the FRL Space). Tenant acknowledges that Landlord may
give Landlord’s Notice of Availability at any time. 
 26.1.2.    Fair Market Rental. The FRL Space shall be
added to the Premises under the same terms, covenants and conditions of the Lease applicable to the Premises, except that the Base Rent for the FRL Space shall be the Fair Market Rental Value and Tenant shall not be entitled

  
 Page 44 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
to any tenant improvements or allowances except as provided in Landlord’s Notice of Availability. For purposes of Tenant’s First Right to Lease, “Fair Market Rental Value” of
the FRL Space shall be the rental rate at which tenants lease comparable space to the FRL Space which is located in the North San Jose submarket as of the date the FRL Space is to be added to the Premises. For this purpose, “comparable
space” shall be [***]. Notwithstanding anything to the contrary herein, the Fair Market Rental Value of the FRL Space as determined pursuant to this Paragraph shall include annual escalations. 

(i)    If Tenant does not accept Landlord’s determination of Fair Market Rental Value of the FRL Space in
Tenant’s Notice of Acceptance, Landlord and Tenant shall for [***] days after Tenant delivers its Notice of Acceptance attempt in good faith to agree on the Fair Market Rental Value of the FRL Space. If Landlord and Tenant agree on the
Fair Market Rental Value of the FRL Space during such twenty (20) day period, they shall immediately execute an amendment to this Lease stating the Base Rent for the FRL Space. 

(ii)    If Landlord and Tenant are unable to agree on the Base Rent for the FRL Space within the [***] day period
described in the second sentence in the preceding paragraph, then within [***] days after the expiration of said [***] day period, either Landlord or Tenant may refer the matter to arbitration as provided for in this paragraph. The
determination of the arbitrator(s) shall be limited to the sole issue of whether Landlord’s or Tenant’s submitted Fair Market Rental Value is the closest to the actual Fair Market Rental Value as determined by the arbitrator(s). The
arbitrator(s) must be a licensed real estate broker(s) who has/have been active in the leasing of commercial properties in the San Jose, California area over the five (5) year period ending on the date of his/her/their appointment as
arbitrator(s). Within [***] days after the date either Landlord or Tenant has referred to arbitration the determination of Fair Market Rental Value of the FRL Space (the “Arbitration Referral Date”), Landlord and Tenant shall each
(i) appoint one arbitrator and notify the other party of the arbitrator’s name and business address, and (ii) notify the other party of their determination of Fair Market Rental Value. If each party timely appoints an arbitrator, the
two (2) arbitrators shall, within [***] days after the appointment of the second arbitrator, agree on and appoint a third arbitrator (who shall be qualified under the same criteria set forth above for qualification of the initial two
(2) arbitrators) and provide notice to Landlord and Tenant of the arbitrator’s name and business address. Within [***] days after the appointment of the third arbitrator, the three (3) arbitrators shall decide whether the parties
will use Landlord’s or Tenant’s submitted Fair Market Rental Value and shall notify Landlord and Tenant of their decision. The decision of the majority of the three (3) arbitrators shall be binding on Landlord and Tenant. If either
Landlord or Tenant fails to appoint an arbitrator within [***] days after the Arbitration Referral Date, the arbitrator timely appointed by one of them shall reach a decision and notify Landlord and Tenant of that decision within
[***] days after the arbitrator’s appointment. The arbitrator’s decision shall be binding on Landlord and Tenant. If each party appoints an arbitrator in a timely manner, but the two (2) arbitrators fail to agree on and appoint a
third arbitrator within the required period, the arbitrators shall be dismissed without delay and the issue of Fair Market Rental Value shall be submitted to binding arbitration under the commercial arbitration rules of the American Arbitration
Association (“AAA”), provided that in the event of any inconsistency between such arbitration rules and the terms and conditions of this paragraph, the terms and conditions of this paragraph shall govern; and provided, further however,
that the sole function of the AAA arbitrator shall be to select either Landlord’s or Tenant’s submitted Fair Market Rental Value. If Landlord and Tenant each fail to appoint an arbitrator in

  
 Page 45 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 
a timely manner, the matter to be decided shall be submitted without delay to binding arbitration under the commercial arbitration rules of the American Arbitration Association, subject to the
provisions of this paragraph. If only one of the parties has given notice of its determination of Fair Market Rental Value within [***] days after the Arbitration Referral Date, then such determination shall be the Fair Market Rental Value for
the FRL Space. If Landlord and Tenant both fail to give notice of their determination of Fair Market Rental value within [***] days after the Arbitration Referral Date, the determination of Fair Market Rental Value shall be submitted without
delay to binding arbitration under the commercial arbitration rules of the American Arbitration Association, subject to the provisions of this paragraph, and provided, further however, that the sole function of the AAA arbitrator shall be to select
either Landlord’s or Tenant’s submitted Fair Market Rental Value. The cost of the arbitration as provided for in this paragraph shall be paid by the losing party. After the Base Rent for the FRL Space has been set, the arbitrator(s) shall
immediately notify Landlord and Tenant, and Landlord and Tenant shall immediately execute an amendment to this Lease stating the Base Rent for the FRL Space. 

26.1.3.    Miscellaneous. Nothing herein shall be deemed to limit or prevent Landlord from marketing, discussing or
negotiating with any other party for a lease of, or rights of any nature as to, any part of the FRL Space. The Term as to the FRL Space shall commence upon the later of (i) [***] days after the later of (A) the date of Tenant’s
Notice of Acceptance or (B) the date upon which Landlord obtains sole and exclusive possession of the FRL Space from the current tenant thereof and (ii) the date Landlord substantially completes the build out of the FRL Space in a manner
consistent with the proposed buildout of the Premises (as depicted on the Initial Space Plan attached to this Lease as Exhibit C-1) (the “FRL Space Commencement Date”), and shall expire on the
Expiration Date of this Lease (as the same may be extended). If Landlord shall be delayed in substantially completing such work in the FRL Space as a result of Tenant Delay then, for purposes of determining the FRL Space Commencement Date, the date
of substantial completion shall be deemed to be the day that such work would have been substantially completed absent any such Tenant Delay. For pin-poses of this Paragraph 26.1.3, Tenant Delay shall also
include any improvements and finishes to the FRL Space requested by Tenant that are inconsistent with the improvements and finishes for the Premises as depicted on the Initial Space Plan. The foregoing First Right to Lease is personal to the
originally-named Tenant hereunder and any Permitted Transferee of Tenant’s entire interest in this Lease. Tenant’s First Right to Lease the FRL Space is subject to Tenant not being in default under the Lease beyond applicable notice and
cure periods when Landlord would otherwise be required to provide Landlord’s Notice of Availability, and when Tenant’s Notice of Acceptance is given. Once delivered, Tenant’s Notice of Acceptance cannot be rescinded or revoked by
Tenant. 
 [signatures on following page] 

  
 Page 46 

 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be
competitively harmful if publicly disclosed. 
  

 IN WITNESS WHEREOF, the parties hereto have executed this Lease on the respective dates set
opposite their signatures below, but this Lease, on behalf of such party, shall be deemed to have been dated as of the Reference Date. 
  

									
	TENANT:	 		 	LANDLORD:
			
	OUTSET MEDICAL, INC.,	 		 	WH SILICON VALLEY IV LP.,
	a medical corporation	 		 	a Delaware limited partnership
					
		 		 		 	By:	 	WH Silicon Valley IV GP LLC,
	 By:
  
	 	 /s/ Leslie Trigg
	 		 		 	 a Delaware limited liability company,
 its
general partner

	Print Name: Leslie Trigg	 		 		 	
	Its:	 	CEO	 		 	By:	 	 /s/ Brent Lower

		 		 		 	Print Name: Brent Lower
	By:	 	 /s/ Rebecca Chambers
	 		 	Its:	 	Executive Vice President & Managing Director
	Print Name: Rebecca Chambers	 		 		 	
	Its:	 	CFO	 		 		 	
			
	Date: Sept. 16, 2019	 		 	Date: Sept. 19, 2019

  
 Page 47

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}]]