Document:

Standard Office Lease Agreement dated April 5,2001

 Exhibit 10.5 
  
 STANDARD OFFICE LEASE – MODIFIED GROSS 
  
 1. Basic Lease Provision (“Basic Lease Provisions”) 
  
 1.1 Parties: This lease, dated, for reference purposes only, April 5, 2000, Is made by and between Timm Properties II, a California
limited partnership, (herein called “Lessor”) and CallWave, Inc., doing business under the name of CallWave, Inc. 
  
 1.2 Premises: Suite B2, on the first floor, consisting of approximately 2,763 square feet, more or less, as defined in paragraph 2 and as shown on Exhibit
“A” hereto (the “Premises”). 
  
 1.3 Building: Commonly
described as being located at 136 West Canon Perdido Street, in the City of Santa Barbara, County of Santa Barbara, State of California. 
  
 1.4 Use: General Office use, subject to paragraph 6. 
  
 1.5 Term: Five (5) years commencing August 1, 2000 (“Commencement Date”) and ending July 31, 2005 as defined in paragraph 3. 
  
 1.6 Options: None 
  
 1.7 Base Rent: $5,526 per month, payable on the 1st day of each month, per paragraph 4.1. 
  
 1.8 Base Rent Increase: On the first day of the 13th, 25th,
37th, and the 49th months, the monthly Base Rent payable under paragraph 1.6 above shall be adjusted as provided in paragraph 4.3 below. 
  
 1.9 Rent Paid Upon Execution: The first month of rent in the amount of $5,526. 
  
 1.10 Security Deposit: $5,526 is due upon Lease execution as a security deposit.

  
 2. Premises, Parking and Common Areas. 
  
 2.1 Premises: The premises are a portion of a building, herein sometimes referred to
as the “Building” identified in paragraph 1.3 of the Basic Lease Provisions. “Building” shall include adjacent parking structures used in connection therewith. The Premises, the Building, the Common Areas, the land upon which the
same are located, along with all other buildings and improvements thereon or thereunder, are herein collectively referred to as the “Office Building Project.” Lessor hereby leases to Lessee and Lessee leases from Lessor for the term, at
the rental, and upon all of the conditions set forth herein, the real property referred to in the Basic Lease Provisions, paragraph 1, 2, as the “Premises, Including rights to the Common Areas as hereinafter specified”. 
  
 2.2 Vehicle Parking: So long as Lessee is not in default, and subject to the rules and
regulations attached hereto, and as established by Lessor from time to time, Lessee shall be entitled to the use of seven (7) parking spaces in the Office Building Project, identified on Exhibit C, at the monthly rate applicable from time to time
for monthly parking as set by Lessor and/or its licensee. 
  
 2.2.1 If Lessee
commits, permits or allows any of the prohibited activities described in the Lease or the rules then in effect, then Lessor shall have the right, without notice, in addition to such other right and remedies that it may have, to remove or tow away
the vehicle involved and charge the cost to Lessee, which cost shall be immediately payable upon demand by Lessor. 
  
 2.2.2 The monthly parking rate per parking space will be $ 0 per month at the commencement of the term of this Lease, and is not subject to change upon five (5) days
prior written notice to Lessee. Monthly parking fees shall be payable one month in advance prior to the first day of each calendar month. 
  

			
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 2.3 Common Areas – Definition. The term “Common Areas” is defined as all areas and facilities
outside the Premises and within the exterior boundary line of the Office Building Project that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and of other lessees of the Office
Building Project and their respective employees, suppliers, shippers, customers and invites, including but not limited to common entrances, lobbies, corridors, stairways and stairwells, public restrooms, elevators, escalators, parking areas to the
extent not otherwise prohibited by this Lease, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, ramps, driveways, landscaped areas and decorative walls. 
  
 2.4 Common Areas – Rules and Regulations. Lessee agrees to abide by and conform to the rules and regulations attached hereto as
Exhibit B with respect to the Office Building Project and Common Areas, and to cause its employees, suppliers, shippers, customers, and invites to so abide and conform. Lessor or such other person(s) as Lessor may appoint shall have the exclusive
control and management of the Common Areas and shall have the right, from time to time, to modify, amend and enforce said rules and regulations. Lessor shall not be responsible to Lessee for the noncompliance with said rules and regulations by other
lessees, their agents, employees and invitees of the Office Building Project. 
  
 2.5 Common Areas – Changes. Lessor shall have the right, in Lessor’s sole discretion, from time to time: 
  
 (a) To make changes to the Building interior and exterior and Common Areas, including, without limitation, changes in the location, size, shape, number and appearance
thereof, including but not limited to the lobbies, windows, stairways, air shafts, elevators, escalators, restroom, driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, decorative
walls, landscaped areas and walkways,: provided, however, Lessor shall at all times provide the parking facilities required by applicable law; 
  
 (b) To close temporarily any of the Common Areas for maintenance purposes so long as reasonable access to the Premises remains available; 
  
 (c) To designate other land and improvements outside the boundaries of the Office Building
Project to be a part of the Common Areas, provided that such other land and improvements have a reasonable and functional relationship to the Office Building Project; 
  
 (d) To add additional buildings and improvements to the Common Areas; 
  
 (e) To use the Common Areas while engaged in making additional improvements, repairs or alternations to the Office Building Project, or any
portion thereof; 
  
 (f) To do and perform such other acts and make such other
changes in, to or with respect to the Common Areas and Office Building Project as Lessor may, in the exercise of sound business judgment deem to be appropriate. 
  

3. Term. 
  
 3.1 Term. The term and Commencement Date of this Lease shall be as specified in paragraph 1.5 of the Basic Lease Provisions. 
  
 3.2. Delay in Possession. Notwithstanding said Commencement Date, if for any reason Lessor cannot deliver possession of the Premises
to Lessee on said date and subject to paragraph 3.2.2. Lessor shall not be subject to any liability therefor nor shall such failure affect the validity of this Lease or the obligations of Lessee hereunder or extend the term hereof; but, in such
case, Lessee shall not be obligated to pay rent or perform any other obligation of Lessee under the terms of this Lease, except as may be otherwise provided in this Lease, until possession of the Premises is tendered to Lessee, as hereinafter
defined; provided, however, that if Lessor shall not have delivered possession of the Premises within sixty (60) days following said Commencement Date, as the same may be extended under the terms of a Work Letter executed by Lessor and Lessee,
Lessee may, at Lessee’s option, by notice in writing to Lessor within ten (10) days thereafter, cancel this Lease, in which event the parties Shall be discharged from all obligations hereunder; provided, however, that, as to Lessee’s
obligations, Lessee first reimburses Lessor for all costs incurred for Non-Standard Improvements and, as to Lessor’s obligations, Lessor shall return any money previously 
  

			
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 deposited by Lessee (less any offsets due Lessor for Non-Standard Improvements); and provided further, that if such
written notice be Lessee is not received by Lessor within said ten (10) day period, Lessee’s right to cancel this Lease hereunder shall terminate and be of no further force or effect. 
  
 3.2.1 Possession Tendered – Defined. Possession of the Premises shall be deemed tendered
to Lessee (“Tender of Possession”) when (1) the improvements to be provided by Lessor under this Lease are substantially completed, (2) the Building utilities are ready for use in the Premises, (3) Lessee has reasonable access to the
Premises, and (4) ten (10) days shall have expired following advance written notice to Lessee of the occurrence of the matters described in (1), (2) and (3), above of this paragraph 3.2.1. 
  
 3.2.2 Delays Caused by Lessee. There shall be no abatement of rent, and the sixty (60) day
period following the Commencement Date before which Lessee’s right to cancel this Lease accrues under paragraph 3.2, shall be deemed extended to the extent of any delays caused by acts or omissions of Lessee, Lessee’s agents, employees and
contractors. 
  
 3.3 Early Possession. If Lessee occupies the Premises
prior to said Commencement Date, such occupancy shall be subject to all provisions of this Lease, such occupancy shall not change the termination date, and Lessee shall pay rent for such occupancy. 
  
 3.4 Uncertain Commencement. In the event commencement of the Lease term is defined as
the completion of the improvements, Lessee and Lessor shall execute and amendment to this Lease establishing the date of Tender of Possession (as defined in paragraph 3.2.1) or the actual taking of possession by Lessee, whichever first occurs, as
the Commencement Date. 
  
 4. Rent 
  
 4.1 Base Rent. Subject to adjustment as hereinafter provided in paragraph 4.3 and
except as may be otherwise expressly provided in this Lease. Lessee shall pay to Lessor the Base Rent for the Premises set forth in paragraph 1.7 of the Basic Lease Provisions, without offset or deduction. Lessee shall pay Lessor upon execution
hereof the advance Base Rent described in paragraph 1.9 of the Basic Lease Provisions. Rent for any period during the term hereof which is for less than one month shall be prorated based upon the actual number of days of the calendar month involved.
Rent shall be payable in lawful money of the United States to Lessor at the address stated herein or to such other persons or at such other places Lessor may designate in writing. 
  
 4.2 Rent Increase 
  
 4.2.1 At the times set forth in paragraph 1.8 of the Basic Lease Provisions, the monthly Base Rent payable under paragraph 4.1 of this Lease shall be adjusted by the
increase, if any, in the Consumer Price Index of the Bureau of Labor Statistics of the Department of Labor for All Urban Consumers, (1982-84) “All Items,” for the city nearest the location of the Building, herein referred to as
“C.P.I., since the date of this Lease”. 
  
 4.2.2 The monthly Base Rent
payable pursuant to paragraph 4.2.1 shall be calculated as follows: the Base Rent payable for the first month of the term of this Lease, as set forth in paragraph 4.1 of this Lease, shall be multiplied by a fraction the numerator of which shall be
the C.P.I. of the calendar month during which the adjustment is to take effect, and the denominator of which shall be the C.P.I. for the calendar month in which the original Lease term commences. The sum so calculated shall constitute the new
monthly Base Rent hereunder, but, in no event, shall such new monthly Base Rent be less than the Base Rent payable for the month immediately preceding the date for the rent adjustment. 
  
 4.2.3 In the event the compilation and/or publication of the C.P.I. shall be transferred to any other governmental department or bureau or
agency or shall be discontinued, than the index most nearly the same as the C.P.I. shall be used to make such calculations. In the event that Lessor and Lessee cannot agree on such alternative index, then the matter shall be submitted for decision
to the American Arbitration Association in the County in which the Premises are located, in accordance with the then rules of said association and the decision of the arbitrators shall be binding upon the parties notwithstanding one party failing to
appear after due notice of the proceeding. The cost of said Arbitrators shall be paid equally by Lessor and Lessee. 
  

			
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 4.2.4 Lessee shall continue to pay the rent at the rate previously in effect until the increase, if any, is determined.
Within five (5) days following the date on which the increase is determined. Lessee shall make such payment to Lessor as will bring the increased rental current, commencing with the effective date of such increase through the date of any rental
installments then due. Thereafter the rental shall be paid at the increased rate. 
  
 4.2.5 At such time as the amount of any change in rental required by this Lease is known or determined, Lessor and Lessee shall execute an amendment to this Lease setting forth such change. 
  
 5. Security Deposit. Lessee shall deposit with Lessor upon execution hereof the
security deposit set forth in paragraph 1.10 of the Basic Lease Provisions as a security for Lessee’s faithful performance of Lessee’s obligations hereunder. If Lessee fails to pay rent or other charges due hereunder, or other wise
defaults with respect to any provision of the Lease, Lessor may use, apply or retain all or any portion of said deposit for the payment of any rent or other charge in default for the payment of any other sum to which Lessor may become obligated by
reason of Lessee’s default, or to compensate Lessor for any loss or damage which Lessor may suffer thereby. If Lessor so uses or applies all or any portion of said deposit, Lessee shall within ten (10) days after written demand therfor deposit
cash with Lessor in an amount sufficient to restore said deposit to the full amount then required of Lessee. If the monthly Base Rent shall, from time to time, increase during the term of their Lease, Lessee shall, at the time of such increase,
deposit with Lessor additional money as a security deposit so that the total amount of the security deposit held by Lessor shall at all times bear the same proportion to the then current Base Rent as the initial security bears to the initial Base
Rent set forth in paragraph 1.7 of the Basic Lease Provisions. Lessor shall not be required to keep said security deposit separate from its general accounts. If Lessee performs all of Lessee’s obligations hereunder, said deposit, or so much
thereof as has not heretofore been applied b Lessor, shall be returned, without payment of interest or other increment for its use, to Lessee (or, at Lessor’s option, to the last assignee, if any, of Lessee’s interest hereunder) at the
expiration of the term hereto, and after Lessee has vacated the Premises. No relationship is created herein between Lessor and Lessee with respect to said Security Deposit. 
  
 6. Use. 
  
 6.1 Use. The premises shall be used and occupied only for the purpose set forth in paragraph 1.4 of the Basic Lease Provisions or any other use which is reasonably
comparable to that use and for no other purpose. 
  
 6.2 Compliance with
Law. 
  
 (a) Lessor warrants to Lessee that the Premises, in the state
existing on the date that the Lease term commences, but without regard to alterations or improvements made by Lessee or the use for which Lessee will occupy the Premises, does not violate any covenants or restrictions of record, or any applicable
building code, regulation or ordinance in effect on such Lease term Commencement Date. In the event it is determined that this warranty has been violated, then it shall be the obligation of the Lessor, after written notice from Lessee, to promptly,
at Lessor’s sole cost and expenses, rectify any such violation. 
  
 (b)
Except as provided in paragraph 6.2 (a) Lessee shall, at Lessee’s expense, promptly comply with all applicable statutes, ordinances, rules, regulations, orders, covenants and restrictions of record, and requirements of any fire insurance
underwriters or rating bureaus, now in effect or which may hereafter come into effect, whether or not they reflect a change in policy from that now existing, during the term or any part of the term hereof, relating in any manner to the Premises and
the occupation and use by Lessee of Premises. Lessee shall conduct its business in a lawful manner and shall not use or permit the use of the Premises or the Common Areas in any manner that will tend to create waste or a nuisance or shall tend to
disturb other occupants of the Office Building Project. 
  

			
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 6.3 Condition of Premises. 
  
 (a) Lessor shall deliver the Premises to Lessee in a clean condition on the Lease Commencement Date (unless Lessee is already in possession)
and Lessor warrants to Lessee that the plumbing, lighting, air conditioning, and heating system in the Premises shall be in good operating condition. In the event that it is determined that this warranty has been violated, then it shall be the
obligation of Lessor, after receipt of written notice from Lessee setting forth with specificity the nature of the violation, to promptly, at Lessor’s sole cost, rectify such violation. 
  
 (b) Except as otherwise provided in this Lease, Lessee hereby accepts the Premises and the
Office Building Project in their condition existing as of the Lease Commencement Date or the date that Lessee takes possession of the Premises, whichever is earlier, subject to all applicable zoning, municipal, county and state laws, ordinance and
regulations governing and regulating the use of the Premises, and any easements, covenants or restrictions of record, and accepts this Lease subject thereto and to all matters disclosed thereby and by exhibits attached hereto. Lessee acknowledges
that it has satisfied itself by its own independent investigation that the Premises are suitable for its intended use, and that neither Lessor nor Lessor’s agent or agents has made any representation or warranty as to the present or future
suitability of the Premises, Common Areas, or Office Building Project for the conduct of Lessee’s business. 
  
 7. Maintenance, Repairs, Alterations and Common Area Services. 
  
 7.1 Lessor’s Obligations. Lessor shall keep the Office Building Project, including the Premises, interior and exterior walls, roof, and common areas, and the
equipment whether used exclusively for the Premises or in common with other premises, in good condition and repair: provided, however, Lessor shall not be obligate to paint, repair or replace wall coverings or to repair or replace any improvements
that are not ordinarily a part of the Building or are above then Building standards. Except as provided in paragraph 9.5, there shall be no abatement of rent or liability of Lessee on account of any injury or interference with Lessee’s business
with respect to any improvements, alterations or repair made be Lessor to the Office Building Project or any part thereof. Lessee expressly waives the benefits of any statute now or hereafter in effect which would otherwise afford Lessee the right
to make repairs at Lessor’s expense or to terminate this Lease because of Lessor’s failure to keep the Premises in good order, condition and repair. 
  

7.2 Lessee’s Obligations. 
  
 (a) Notwithstanding Lessor’s obligation to keep the Premises in good condition and repair, Lessee shall be responsible for payment of the cost thereof to Lessor as
additional rent for that portion of any maintenance and repair of the Premises, or any equipment (wherever located) that serves only Lessee or the Premises, to the extent such cost is attributable to causes beyond normal wear and tear. Lessee shall
be responsible for the cost of painting, repairing or replacing wall coverings, and to repair or replace any Premises improvements that are not ordinarily a part of the Building or that are above then Building standards. Lessor may, at its option,
upon reasonable notice, elect to have Lessee perform any particular such maintenance or repairs the cost of which is otherwise Lessee’s responsibility hereunder. 
  
 (b) On the last day of the term hereof, or on any sooner termination, Lessee shall surrender the Premises to Lessor in the same condition as
received, ordinary wear and tear excepted, clean and free of debris. Any damage or deterioration of the Premises shall not be deemed ordinary wear and tear if the same could have been prevented by good by good maintenance practices by Lessee. Lessee
shall repair any damage to the Premises occasioned by the installation or removal of Lessee’s trade fixtures, alterations, furnishings and equipment. Except as otherwise stated in this Lease, Lessee shall leave the air lines, power panels,
electrical distribution systems, lighting fixtures, air conditioning, window coverings, wall coverings, carpets, wall paneling, ceilings and plumbing on the Premises and in good operating condition. 
  
 7.3 Alterations and Additions. 
  
 (a) Lessee shall not, without Lessor’s prior written consent make any alterations,
improvements, additions, Utility installations or repairs in, on or about the Premises, or the Office Building Project. As used in this paragraph 7.3 the term “Utility Installation” shall mean carpeting, window and wall coverings, power
panels, electrical distribution systems, lighting fixtures, air conditioning, plumbing, and telephone and telecommunications wiring and equipment. At the expiration of the term, Lessor may require the removal of any or all of said alterations,
improvements, additions or Utility Installations, and the restoration of the Premises and the Office Building Project to their prior condition, at Lessee’s expense. Should Lessor 
  

			
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 permit Lessee to make its own alterations, improvements, additions or Utility Installations, lessee shall use only such
contractors as has been expressly approved by Lessor and Lessor may require Lessee to provide Lessor, at Lessee’s sole cost and expense, a lien and completion bond in and amount equal to one and one-half times the estimated cost of such
improvements, to insure Lessor against any liability for mechanic’s and materilamen’s liens and to insure completion of the work. Should Lessee make any alterations, improvements, additions or Utility Installations without the prior
approval of Lessor, or use a contractor not expressly approved by Lessor, Lessor may, at any time during the term of this Lease, require that Lessee remove any part or all of the same. 
  
 (b) Any alterations, improvements, additions or Utility Installations in or about the Premises or the Office Building Project that Lessee
shall desire to make shall be presented to Lessor in written form, with proposed detailed plans. If Lessor shall give its consent to Lessee’ making such alteration, improvement, addition or Utility Installation, the consent shall be deemed
conditioned upon Lessee acquiring a permit to do so from the applicable government agencies, furnishing a copy thereof to Lessor prior to the commencement of the work, and compliance by Lessee with all conditions of said permit in a prompt and
expeditious manner. 
  
 (c) Lessee shall pay, when due, all claims for labor or
materials furnished or alleged to have been furnished to or for Lessee at or for use in the Premises, which claims are or may be secured by any mechanic’s or materialman’s lien against the Premises, the Building or the Office Building
Project, or any interest therein. 
  
 (d) Lessee shall give Lessor not less than
ten (10) days’ notice prior to the commencement of any work in the Premises by Lessee, and Lessor shall have the right to post notices of non-responsibility in or on the Premises or the Building as provides by law. If Lessee shall, in good
faith, contest the validity of any such lien, claim, or demand, the Lessee shall, at its sole expense defend itself and Lessor against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement
thereof against the Lessor or the Premises, the Building or the Office Building Project, upon the condition that if Lessor shall require, Lessee shall furnish to Lessor a surety bond satisfactory to Lessor in an amount equal to such contested lien,
claim or demand indemnifying Lessor against liability for the same and holding the Premises, the Building and the Office Building Project fee from the effect of such lien or claim. In addition, Lessor may require Lessee to pay Lessor’s
reasonable attorneys’ fees and costs in participating in such action if Lessor shall decide it is to Lessor’s vest interest to do so. 
  
 (e) All alterations, improvements, additions and Utility Installations (whether or not such Utility Installments constitute trade fixtures of Lessee), which may be made
to the Premised by Lessee, including but not limited to, floor coverings, paneling, doors, drapes, built-ins, moldings, sound attenuation, and lighting and telephone or communication systems, conduit, wiring and outlets, shall be made and done in a
good and workmanlike manner and go good and sufficient quality and materials and shall be the property of Lessor and remain upon and be surrendered with the Premises at the expiration of the Leas term, unless Lessor requires their removal pursuant
to paragraph 7.3 (a). Provided Lessee is not in default, notwithstanding the provisions of this paragraph 7.3(e), Lessee’s personal property and equipment, other than that which is affixed to the Premises to that it cannot be removed without
material damage to the Premises or the Building, and other than Utility Installations, shall remain the property of Lessee and may be removed by Lessee subject to the provisions of paragraph 7.2. 
  
 (f) Lessee shall provide Lessor with as-built plans and specifications for any alterations,
improvements, additions or Utility installations. 
  
 7.4 Utility
Additions. Lessor reserves the right to install new or additional utility facilities throughout the Office Building Project for the benefit of Lessor or Lessee, or any other lessee of the Office Building Project, including, but not by way of
limitation, such utilities as plumbing, electrical systems, communications systems, and fire protection and detection systems, so long as such installations do not unreasonably interfere with Lessee’s use of the Premise. 
  
 8. Insurance; Indemnity. 
  
 8.1. Liability Insurance – Lessee. Lessee shall, at Lessee’s expense,
obtain and keep in force during the term of this Lease a policy of Comprehensive General Liability insurance utilizing an insurance Services Office standard form with Broad Form General Liability Endorsement (GL0404), or equivalent, in an

  

			
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 amount of not less than $1,000,000.00 per occurrence of bodily injury and property damage combined or in a greater amount
as reasonably determined by Lessor and shall insure Lessee with Lessor as an additional insured against liability arising out of the use, occupancy or maintenance of the Premises. Compliance with the above requirement shall not, however, limit the
liability of Lessee hereunder. 
  
 8.2 Liability Insurance – Lessor.
Lessor shall obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Broad Form Property Damage Insurance, plus coverage against such other risks Lessor deems advisable from time to time, insuring
Lessor, but not Lessee, against liability arising out of the ownership, use, occupancy or maintenance of the Office Building Project in an amount not less than 2,500,000.00 per occurrence. 
  
 8.3 Property Insurance – Lessee. Lessee shall, at Lessee’s expense, obtain
and keep in force during the term of this Leas for the benefit of Lessee, replacement cost fire and extended coverage insurance, with vandalism and malicious mischief, sprinkler leakage and earthquake sprinkler leakage endorsements, in a an amount
sufficient to cover not less than 100% of the full replacement cost, as the same may exist from time to time, of all of Lessee’s personal property, fixtures, equipment and tenant improvements. 
  
 8.4 Property Insurance – Lessor. Lessor shall obtain and keep in force during the
term of this Lease a policy or policies of insurance covering loss or damage to the office Building Project improvements, but not Lessee’s personal property, fixtures, equipment or tenant improvements, in the amount of the full replacement cost
thereof, as the same may exist from time to time, utilizing insurance Services Office standard form, or equivalent, providing protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief,
plate glass, and such other perils as Lessor deems advisable or may be required by a lender having a lien on the on the Office Building Project. Lessee will not be named in any such policies carried by Lessor and shall have no right to any proceeds
therefrom. The policies required by these paragraphs 8.2 and 8.4 shall contain such deductibles as Lessor or the aforesaid lender may determine. Lessee shall not do or permit to be done anything which shall invalidate the insurance policies carried
by Lessor. Lessee hall ay the entirety of any increase in the property insurance premium for the Office Building Project over what it was immediately prior to the commencement of the term of this Lease if the increase is specified by Lessor’s
insurance carrier as being caused by the nature of Lessee’s occupancy or any act or omission of Lessee. 
  
 8.5 Insurance Policies. Lessee shall deliver to Lessor copies of liability insurance policies required under paragraph 8.1 or certificates evidencing the existence and amounts of such insurance within seven (7)
days after the Commencement Date of this Lease. No such policy shall be cancelable or subject to reduction of coverage or other modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior
to the expiration of such policies, furnish Lessor with renewals thereof. 
  
 8.6
Waiver of Subrogation. Lessee and Lessor each hereby release and relieve the other, and waive their entire right of recovery against the other, for direct or consequential loss or damage arising out of or incident to the perils covered by
property insurance carried by such party, whether due to the negligence of Lessor or Lessee or their agents, employees, contractors and /or invitees. If necessary all property insurance required under this Lease shall be endorsed to so provide.

  
 8.7 Indemnity. Lessee shall indemnify and hold harmless Lessor and its
agents, Lessor’s master or ground lessor, partners and lenders, from and against any and all claims for damage to the person or property of anyone or any entity arising from Lessee’s use of the Office Building Project, or from the conduct
of Lessee’s business or from any activity, work or things done, permitted or suffered by Lessee in or about the Premises or elsewhere and shall further indemnity and hold harmless Lessor from and against any and all claims, costs and expenses
arising from any breach or default in the performance of any obligation on Lessee’s part to be performed under the terms of this Lease, or arising from any act or omission of Lessee, or any of Lessee’s agents, contractors, employees, or
invitees, and from and against all costs, attorney’s fees, expenses and liabilities incurred by Lessor as the result of any such use, conduct, activity, work, things done, permitted or suffered, breach, default or negligence, and in dealing
reasonably therewith, including but not limited to the defense or pursuit of any claim or any action or proceeding 
  

			
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 involved therein; and in case any action or proceeding be brought against Lessor by reason of any such matter, Lessee
upon notice from Lessor shall defend the same at Lessee’s expense by counsel reasonably satisfactory to Lessor and Lessor shall cooperate with Lessee in such defense. Lessor need not have first paid any such claim in order to be so indemnified.
Lessee as a material part of the consideration to Lessor, hereby assumes all risk of damage to property of Lessee or injury to persons, in, upon or about the Office Building Project arising from any cause Lessee hereby waives all claims in respect
thereof against Lessor. 
  
 8.8 Exemption of Lessor from Liability. Lessee
hereby agrees that Lessor shall not be liable for injury to Lessee’s business or any loss of income therefrom or for loss of or damage to the goods, wares, merchandise or other property of Lessee, Lessee’s employees, invitees, customers,
or any other person in or about the Premises or the Office Building Project, nor shall Lessor be liable for injury to the person of Lessee, Lessee’s employees, agents or contractors, whether such damage or injury is caused by or results from
theft, fire, steam, electricity, gas, water or rain, or from the breakage, leakage, obstruction or other defects of pipes, sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures, or from any other cause, whether said damage
or injury results from conditions arising upon the Premises or upon other portions of the Office Building Project, or from other sources or places, or from new construction or the repair, alteration or improvement of any part of the Office Building
Project, or of the equipment, fixtures or appurtenances applicable thereto, and regardless of whether the cause of such damage or injury or the means of repairing the same is inaccessible, Lessor shall not be liable for any damages arising from any
act or neglect of any other lessee, occupant or user of the Office Building Project, nor from the failure of Lessor to enforce the provisions of any other lease of any other lessee of the Office Building Project. 
  
 8.9 No Representation of Adequate Coverage. Lessor makes no representation that the
limits or forms of coverage of insurance specified in this paragraph 8 are adequate to cover Lessee’s property or obligations under this Lease. 
  
 9. Damage or Destruction. 
  
 9.1 Definitions. 
  

	(a)	 	“Premises Damage” shall mean if the Premises are damaged or destroyed to any extent. 

  

	(b)	 	“Premises Building Partial Damage” shall mean if the Building of which Premises are a part is damaged or destroyed to the extent that the cost to repair is less that fifty
percent (50%) of the then Replacement Cost of the building. 

  

	(c)	 	“Premises Building Total Destruction” shall mean if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty
percent (50%) or more of the then Replacement Cost of the Building. 

  

	(d)	 	“Office Building Project Buildings shall mean all of the buildings on the Office Building Project site. 

  

	(e)	 	“Office Building Project Buildings Total Destruction” shall mean if the Office Building Project Buildings are damaged or destroyed to the extent that the cost of repair is
fifty percent (50%) or more of the then Replacement Cost of the Office Building Project Buildings. 

  

	(f)	 	“Insured Loss” shall mean damage or destruction which was caused by an event required to be covered by the insurance described in paragraph 8. The fact that an insured
Loss has a deductible amount shall not make the loss an uninsured loss. 

  

	(g)	 	“Replacement Cost” shall mean the amount of money necessary to be spent in order to repair or rebuild the damage area to the condition that existed immediately prior to
the damage occurring, excluding all improvements made by lessees, other than those installed by Lessor at Lessee’s expense. 

  
 9.2 Premises Damage; Premises Building Partial Damage. 
  
 (a) Insured Loss: Subject to the provisions of paragraph 9.4 and 9.5, if at any time during the term of this Lease there is damage which is an insured Loss and which
falls into the classification of either Premises Damage or Premises Building Partial Damage, then Lessor shall, as soon as reasonably possible and to the extent the required materials and labor are readily available through usual commercial channels
at Lessor’s expense, repair such damage )but not Lessee’s fixtures, equipment or tenant improvements originally paid for by Lessee) to its condition existing at the time of the damage, and this Lease shall continue in full force and
effect. 
  

			
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 (b) Uninsured Loss: Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease
there is damage which is not an insured loss and which falls within the classification of Premises Damage or Premises Building Partial Damage, unless caused by a negligent or willful act of Lessee (in which event Lessee shall make the repairs at
Lessee’s expense), which damage prevents Lessee from making any substantial use of the Premises, Lessor may at Lessor’s option either (I) repair such damage as soon as reasonably possible at Lessor’s expense, in which event this Lease
shall continue in full force and effect, or (II) give written notice to Lessee within thirty (30) days after the date of the occurrence of such damage of Lessor’s intention to cancel and terminate this Lease as of the date of the occurrence of
such damage, in which event this Lease shall terminate as of the date of the occurrence of such damage. 
  
 9.3 Premises Building Total Destruction; Office Building Project Total Destruction. Subject to the provisions of paragraph 9.4 and 9.5, if at any time during the term of this Lease there is damage, whether or
not it is an insured loss, which falls into the classifications of either (I) Premises Building Total Destruction, or (II) Office Building Project Total Destruction, then Lessor may at Lessor’s option wither (I) repair such damage or
destruction as soon as reasonably possible at Lessor’s expense (to the extent the required materials are readily available through usual commercial channels) to its condition existing at the time of the damage, but not Lessee’s fixtures,
equipment or tenant improvements, and this Lease shall continue in full force and effect, or (II) give written notice to Lessee within thirty (30) days after the date of occurrence of such damage of Lessor’s intention to cancel and terminate
this Lease, in which case this Lease shall terminate as of the date of the occurrence of such damage. 
  
 9.4 Damage Near End of Term. 
  
 (a) Subject to paragraph 9.4(b), if at any time during the last twelve (12) months of the term of this Lease there is substantial damage to the Premises, Lessor may at Lessor’s option cancel and terminate this Lease as of the date of
occurrence of such damage by giving written notice to Lessee of Lessor’s election to do so within 30 days after the date of occurrence of such damage. 
  
 (b) Notwithstanding paragraph 9.4(a), in the event that Lessee has an option to extend or renew this Lease, and the time within which said option may be exercised has not
yet expired, Lessee shall exercise such option, if it is to be exercised at all, no later than twenty (20) days after the occurrence of an insured Loss falling within the classification of Premises Damage during the last twelve (12) months of the
term of this Lease. If Lessee duly exercises such option during aid twenty (20) day period, Lessor shall, at Lessor’s expense, repair such damage, but not Lessee’s fixtures, equipment or tenant improvements, as soon as reasonably possible
and this Lease shall continue in full force and effect. If Lessee fails to exercise such option during said twenty (20) day period, then Lessor may at Lessor’s option terminate and cancel this Lease as of said twenty (20) day period,
notwithstanding any term or provision in the grant of option to the contrary. 
  
 9.5 Abatement of Rent; Lessee’s Remedies. 
  
 (a) In
the event Lessor repairs or restores the Building or Premises pursuant to the provisions of this paragraph 9, and any part of the premises are not usable (including loss of use due to loss of access or essential services), the rent payable hereunder
(including Lessee’s Share of Operating Expense Increase) for the period during which such damage, repair or restoration continues shall be abated, provided (1) the damage was not the result of the negligence of Lessee, and (2) such abatement
shall only be to the extent the operation and profitability of Lessee’s business as operated from the Premises is adversely affected. Except for said abatement of rent, if any, Lessee shall have no claim against Lessor for any damage suffered
by reason of any such damage, destruction, repair or restoration. 
  
 (b) If
Lessor shall be obligated to repair or restore the Premises or the Building under the provisions of this paragraph 9 and shall not commence such repair or restoration within ninety (90) days after such occurrence, or if Lessor shall not complete the
restoration and repair within six (6) months after such occurrence, Lessee may at Lessee’s option cancel and terminate this Lease by giving Lessor written notice of Lessee’s election to do so at any time prior to the commencement or
completion, respectively, of such repair or restoration. In such event this Lease shall terminate as of the dare of such notice. 
  

			
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 (c) Lessee agrees to cooperate with Lessor in connection with any such restoration and repair, including but not limited
to the approval and/or execution of plans and specifications required. 
  
 9.6
Termination – Advance Payments. Upon termination of this Lease pursuant to this paragraph 9, an equitable adjustment shall be made concerning advance rent and any advance payments made by Lessee to Lessor. Lessor shall, in
addition, return to Lessee so much of Lessee’s security deposit as has not theretofore been applied by Lessor. 
  
 9.7 Waiver. Lessor and Lessee waive the provisions of any statute which relate to termination of leases when leased property is destroyed and agree that such event
shall be governed by the terms of this Lease. 
  
 10. Real Property Taxes.

  
 10.1 Payment of Taxes. Lessor shall pay the real property tax, as
defined in paragraph 10.3, applicable to the Office Building Project. 
  
 10.2
Definition of “Real Property Tax. As used herein, the term “real property tax” shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax,
improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed on the office Building Project or any portion thereof by any authority having the direct or indirect power to tax, including any city, county,
state or federal government, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Lessor in the Office Building Project or in any portion thereof, as
against Lessor’s right to rent or other income therefrom, and as against Lessor’s business of leasing the Office Building Project. The term “real property tax” shall also include any tax, fee, levy, assessment or charge (I) in
substitution of partiality or totally, any tax, fee, levy, assessment or charge hereinabove included within the definition or “real property tax” or (II) the nature of which was hereinbefore included within the definition of “real
property tax,” or (III) which is imposed for a service or right not charged prior to June 1, 1978, or, if previously charged has been increased since June 1, 1978, or (IV) which is imposed as a result of a change in ownership, as defined by
applicable local statutes for property tax purposes, of the Office Building Project or which is added to a tax or charge hereinbefore included within the definition of real property tax by reason of such change of ownership, or (V) which is imposed
by reason of this transaction, any modifications or changes hereto, or any transfers hereof. 
  
 10.3 Joint Assessment. If the improvements or property, the taxes for which are to be paid separately by Lessee under paragraph 10.5 are not separately assessed, Lessee’s portion of that tax shall be
equitably determined by Lessor from the respective valuations assigned in the assessor’s work sheets or such other information (which may include the cost of construction) as may be reasonably available. Lessor’s reasonable determined
nation thereof, in good faith, shall be conclusive. 
  
 10.4 Personal Property
Taxes. 
  
 (a) Lessee shall pay prior to delinquency all taxes assessed
against and levied upon trade fixtures, furnishings, equipment and all other personal property of Lessee contained in the Premises or elsewhere. 
  
 (b) If any of Lessee’s said personal property shall be assessed with Lessor’s real property, Lessee shall pay to Lessor the taxes attributable to Lessee within
ten (10) days after receipt of a written statement forth the taxes applicable to Lessee’s property. 
  
 11. Utilities. 
  
 11.1 Services
Provided by Lessor. Lessor shall provide heating, ventilation, air conditioning, and gas service as reasonably required, reasonable amounts of electricity for normal lighting and office machines, water for reasonable and normal drinking and
lavatory use. 
  

			
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 11.2 Services Exclusive to Lessee. Lessee shall pay for all power, telephone and other utilities and services
specially or exclusively supplied and/or metered exclusively to the Premises or to Lessee, together with any taxes thereon. 
  
 11.3 Charges for Certain Utilities. Lessor shall pay all charges for supplying all utilities and services to the Common Areas. Lessee shall pay its proportionate
share of all operating costs for the HVAC systems of the Building. Lessee’s proportionate share of such operating costs shall be the percentage that the square footage of the Premises bears to the total occupied square footage of leaseable
premises of the Building (exclusive of Common Areas) from time to time. Lessor shall pay all costs for operating, maintaining, repairing and insuring the HVAC systems for the Building, subject to reimbursement by Lessee as hereinabove provided.
Lessee shall pay to Lessor charges assessed pursuant to this provision within ten (10) days from receipt from Lessor. 
  
 11.4 Hours of Service. Said services and utilities shall be provided during generally accepted business days and hours or such other days or hours as may hereafter
be set forth. Utilities and services required at other times shall be subject to advance request and reimbursement by Lessee to Lessor of the cost thereof. 
  
 11.5 Excess Usage by lessee. Lessee shall not make connection to the utilities except by or through existing outlets and shall not install or use machinery or
equipment in or about the Premises that uses excess water, lighting or power, or suffer or permit any act that causes extra burden upon the utilities or services, including but not limited to security services, over standard office usage for the
Office Building Project. Lessor shall require lessee to reimburse Lessor far any excess expenses or costs that may arise out of a breach of this subparagraph by Lessee. Lessor may, in its sole discretion, install at Lessee’s expense
supplemental equipment and/or separate meeting applicable to Lessee’s excess usage or loading. 
  
 11.6 Interruptions. There shall be no abatement of rent and Lessor shall not be liable in any respect whatsoever for the inadequacy, stoppage, interruptions or discontinuance of any utility or service due to
riot, strike, labor dispute, breakdown, accident, repair or other cause beyond Lessor’s reasonable control or in cooperation with governmental request or directions. 
  
 12. Assignment and Subletting. 
  
 12.1 Lessor’s Consent Required. Lessee shall not voluntarily or by operation of law assign, transfer, mortgage, sublet, or otherwise transfer or encumber all or any
part of Lessee’s interest in the Lease or in the Premises, without Lessor’s prior written consent, which Lessor shall not unreasonably withhold. Lessor shall respond to Lessee’s request for consent hereunder in a timely manner and any
attempted, assignment, transfer, mortgage, encumbrance or subletting without such consent shall be void, and shall constitute a material default and breach or this Lease without the need for notice to Lessee under paragraph 13.1.
“Transfer” within the meaning of this paragraph 12 shall include the transfer or transfers aggregating: (a) if Lessee is a corporation, more than twenty-five percent (25%) of the voting stock of such corporation, or (b) if Lessee is a
partnership, more than twenty-five percent (25%) of the profit and loss participation in such partnership. 
  
 12.2 Lessee Affiliate. Notwithstanding the provisions of paragraph 12.1 hereof, Lessee may assign or sublet the Premises, or any portion thereof without Lessor’s consent, to any corporation which controls, is
controlled by or is under common control with Lessee or to any corporation resulting from the merger or consolidation with Lessee, or to any person or entity which acquires all the assets of Lessee as a going concern of the business that is being
conducted on the Premises, all of which are referred to as “Lessee Affiliate”, provided that before such assignment shall be effective, (a) said assignee shall assume, in full, the obligation of Lessee under this lease and (b) Lessor shall
be given written notice of such assignment and assumption. Any such assignment shall not, in any way affect or limit the liability of Lessee under the terms of this Lease even if after such assignment or subletting the terms of this Lease are
materially changed or altered without the consent of Lessee, the consent of whom shall not be necessary. 
  
 12.3 Terms and Conditions Applicable to Assignment and Subletting. 
  

			
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 (a) Regardless of Lessor’s consent, no assignment or subletting shall release Lessee of Lessor’s obligations
hereunder or after the primary liability of Lessee to pay the rent and other sums due Lessor hereunder including Lessee’s Share of Operating Expense Increase, and to perform all other obligations to be performed by Lessee hereunder. 

 
 (b) Lessor may accept rent from any person other than Lessee pending approval or
disapproval of such assignment. 
  
 (c) Neither a delay in the approval or
disapproval of such assignment or subletting, nor the acceptance of rent, shall constitute a waiver or estoppel of Lessor’s right to exercise its remedies for the breach of any of the terms or conditions of this paragraph 12 or this Lease.

  
 (d) If Lessee’s obligations under this Lease have been guaranteed by
third parties, then an assignment or sublease, and Lessor’s consent thereto, shall not be effective unless said guarantors give their written consent to such sublease and the terms thereof. 
  
 (e) The consent by Lessor to any assignment or subletting shall not constitute a consent to
any subsequent assignment or subletting by Lessee or to any subsequent or successive assignment or subletting by the sublessee. However, Lessor may consent to subsequent subletting and assignments of the sublease or any amendments of modifications
thereto without notifying Lessee or anyone else liable on the lease or sublease and without obtaining their consent and such action shall not relieve such persons from liability under this Lease or said sublease; however such persons shall not be
responsible to the extent any such amendment or modification enlarges or increases the obligations of the Lessee or sublessee under this Lease or such sublease. 
  

(f) In the event of any default under this Lease, Lessor may proceed directly against Lessee, any guarantors or any one else responsible for the performance of this
Lease, including the sublessee, without first exhausting Lessor’s remedies against any other person or entity responsible therefor to Lessor, or any security held by Lessor or Lessee. 
  
 (g) Lessor’s written consent to any assignment or subletting of the Premises by Lessee
shall not constitute an acknowledgement that no default then exists under this lease of the obligations to be performed by Lessee nor shall such consent be deemed a waiver of any then existing default, except as may be otherwise stated by Lessor at
the time. 
  
 (h) The discovery of the fact that any financial statement relied
upon by Lessor in giving its consent to an assignment or subletting was materially false shall, at Lessor’s election, render Lessor’s said consent null and void. 
  
 12.4 Additional Terms and Conditions Applicable to Subletting. Regardless of Lessor’s consent, the following terms and
conditions shall apply to any subletting by Lessee of all or any part of the Premises and shall be deemed included in all subleases under this lease whether or not expressly incorporated therein: 
  
 (a) Lessee hereby assigns and transfers to Lessor all of Lessee’s interest in all
rentals and income arising from any sublease heretofore or hereafter made by Lessee, and, Lessor may collect such rent and income and apply same toward Lessee’s obligations under this Lease; provided, however, that until default shall occur in
the performance of Lessee’s obligations under this Lease, Lessee may receive, collect and enjoy the rents accruing under such sublease. Lessor shall not, by reason of this or any other assignment of such sublease to Lessor nor by reason of the
collection of the rents from a sublessee, be deemed liable to the sublessee for any failure of Lessee to perform and comply with any of Lessee’s obligations to such sublessee under such sublease. Lessee hereby irrevocable authorizes and directs
any such sublessee, upon receipt of a written notice from Lessor stating that a default exists in the performance of Lessee’s obligations under this Lease, to pay to Lessor the rents due and to become due under the sublease. Lessee agrees that
such sublessee shall have the right to rely upon any such statement and request from Lessor, and that such sublessee shall pay such rents to Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any
notice from or claim from Lessee to the contrary. Lessee shall have no right or claim against said sublessee or Lessor for any such rents so paid by and sublessee to Lessor. 
  
 (b) No sublease entered into by Lessee shall be effective unless and until it has been approved in writing by Lessor. In entering into any
sublease, Lessee shall use only such form of sublessee as is satisfactory to Lessor, and once approved by Lessor, such sublease shall not be changed or modified without Lessor’s prior written consent. Any sublease shall, by reason of entering
into a sublease under this lease, be deemed 
  

			
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 for the benefit of Lessor, to have assumed and agreed to conform and comply with each and every obligation herein to be
performed by Lessor other than such obligations as are contrary to or inconsistent with provisions contained in a sublease to which Lessor has expressly consented in writing. 
  
 (c) In the event Lessee shall default in the performance of its obligations under this Lease, Lessor at its option and without any
obligation to do so, may require any sublessee to attorn to Lessor, in which event Lessor shall undertake obligations of Lessee under such sublease from the time of the exercise of said option to the termination of such sublease; provided, however,
Lessor shall not be liable for any prepaid rents or security deposit paid by such sublessee to Lessee or for any other prior defaults of Lessee under such sublease. 
  
 (d) No sublessee shall further assign or subject all or any part of the Premises without Lessor’s prior written consent. 
  
 (e) With respect to any subletting to which Lessor has consented, Lessor agrees to deliver a
copy of any notice of default by Lessee to the sublessee. Such sublessee shall have the right to cure a default of Lessee within three (3) days after service of said notice of default upon such sublessee, and the sublessee shall have a right of
reimbursement and offset from and against Lessee for any such defaults cured by the sublessee. 
  
 12.5 Lessor’s Expenses. In the event Lessee shall assign or sublet the Premises or request the consent of Lessor to any assignment or subletting or if Lessee shall request the consent of Lessor for any act
Lessor proposes to do then Lessee shall pay Lessor’s reasonable costs and expenses incurred in connection therewith, including attorneys’, architects’ engineers’ or other consultants’ fees. 
  
 12.6 Conditions to Consent. Lessor reserves the right to condition any approval to
assign or sublet upon Lessor’s determination that (a) the proposed assignee or sublessee shall conduct a business on the Premises of a quality substantially equal to that of Lessee and consistent with the general character of the other
occupants of the Office Building Project and not in violation of any exclusives or rights them held by other tenants, and (b) the proposed assignee or sublessee be at least as financially responsible as Lessee was expected to be at the time of the
execution of this Lease or of such assignment of subletting, whichever is greater. 
  
 13. Default; Remedies. 
  
 13.1 Default. The occurrence of
any one or more of the following events shall constitute a material default of this Lease by Lessee: 
  
 (a) The vacation or abandonment of the Premises by Lessee, Vacation of the Premises shall include the failure to occupy the Premises for a continuous period of sixty (60) days or more, whether or not the rent is paid.

  
 (b) The breach by Lessee of any of the covenants, conditions or provisions of
paragraphs 7.3(a), (b) or (d) (alterations), 12.1 (assignment or subletting), 13.1(a) (vacation or abandonment), 13.1(e) (insolvency), 13.1(f) (false statement), 16(a) (estopel certificate), 30(b) (subordination), 33 (auctions), or 40.1 (easements),
all of which are hereby deemed to be material, non-curable defaults without the necessity of any notice by Lessor to Lessee thereof. 
  
 (c) The failure by Lessee to make any payment of rent or any other payment requires to be made by Lessee hereunder, as and when due, where such failure shall continue for
a period of three (3) days after written notice thereof from Lessor to Lessee. In the event that Lessor serves Lessee with a Notice to Pay Rent or Quit pursuant to applicable Unlawful Detainer statutes such Notice to Pay Rent or Quit shall also
constitute the notice required by this subparagraph. 
  
 (d) The failure by Lessee
to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by Lessee other than those referenced in subparagraphs (b) and (c), above, where such failure shall continue for a period of thirty (30)
days after written notice thereof from Lessor to Lessee; provided, however, that if the nature of Lessee’s noncompliance is such that more than thirty (30) days are reasonably required for its cure, then Lessee shall not be deemed to be in
default if Lessee commenced such cure within said thirty (30) day period and thereafter diligently pursues such cure to completion. To the extent permitted by law, such thirty (30) day notice shall constitute the sole and exclusive notice required
to be given to Lessee under applicable Unlawful Detainer statutes. 
  

			
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 (e) (I) The making by Lessee of any general arrangement of general assignment for the benefit of creditors; (II) Lessee
becoming a “debtor” as defined in 11U.S.Cs101 or any successor stature thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within sixty (60) days; (III) the appointment of a trustee or receiver to take
possession of substantially all of lessee’s assets located at the Premises or of Lessee’s interest in this lease, where possession is not restored to Lessee within thirty (30) days; or (IV) the attachment, execution or other judicial
seizure of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where such seizure is not discharged within thirty (30) days. In the event that any provision of this paragraph 13.1(e) is
contrary to any applicable law, such provision shall be of no force or effect. 
  
 (f) The discovery by Lessor that any financial statement given to Lessor by Lessee, or its successor in interest or by any guarantor of Lessee’s obligation hereunder was materially false. 
  
 13.2 Remedies. In the event of any material default or breach of this Lease by Lessee,
Lessor may at any time thereafter, with or without notice or demand and without limiting Lessor in the exercise of any right or remedy which Lessor may have by reason of such default: 
  
 (a) Terminate Lessee’s right to possession on the Premises by any lawful means, in which case this lease and the term hereof shall
terminate and Lessee shall immediately surrender possession of the Premises to Lessor. In such even Lessor shall be entitled to recover from Lessee all damages incurred by Lessor by reason of Lessee’s default including, but not limited to, the
cost of recovering possession of the Premises; expenses of reletting, including necessary renovation and alteration of the Premises, reasonable attorneys’ fees, and any real estate commission actually paid; the worth at the time of award by the
court having jurisdiction thereof the amount by which the unpaid rent for the balance of the term after the time of such award exceeds the amount of such rental loss for the period that Lessee proves could be reasonably avoided; that portion of the
leasing commission paid by Lessor pursuant to paragraph 15 applicable to the unexpired term of this Lease. 
  
 (b) Maintain Lessee’s right to possession in which case this Lease shall continue in effect whether or not Lessee shall have vacated or abandoned the Premises. In such event Lessor shall be entitled to enforce
all of Lessor’s rights and remedies under this Lease, including the right to recover the rent as it becomes due hereunder. 
  
 (c) Pursue any other remedy now or hereafter available to Lessor under the laws or judicial decisions of the state wherein the Premises are located. Unpaid installments
of rent and other unpaid monetary obligations of Lessee under the terms of this Lease shall bear interest from the date due at the maximum rate then allowable by law. 
  
 13.3 Default by Lessor. Lessor shall not be in default unless Lessor fails to perform obligations required of Lessor within a
reasonable time, but in no event later than thirty (30) days after written notice be Lessee to Lessor and to the holder of any first mortgage or deed of trust covering the Premises whose name and address shall have theretofore been furnished to
Lessee in writing, specifying wherein Lessor has failed to perform such obligation; provided, however, that if the nature of Lessor’s obligation is such that more than thirty (30) days are required for performance then Lessor shall not be in
default if Lessor commences performance within such 30-day period and thereafter diligently pursues the same to completion. 
  
 13.4 Lessee’s Remedy. If Lessor shall fail to perform any covenant, term or condition of this Lease upon Lessor’s part to be performed, Lessee shall be
required to deliver to Lessor written notice of same. If, as consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the Office
Building Project, and out of rent or other income from such property receivable by Lessor or out of consideration received by Lessor from the sale or other disposition of all or any part of Lessor’s right, title or interest in the Office
Building Project, and no action for any deficiency may be sought or obtained from or against Lessor. This exculpation of personal liability is absolute and without any exception whatsoever. 
  
 13.5 Late Charges. Lessee hereby acknowledges that late payment by Lessee to Lessor of
Base Rent, Lessee’s Share of Operating Expense increase or other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are
not limited to, processing and accounting charges, and are charges which may be 
  

			
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 imposed on Lessor by the terms of any mortgage or trust deed covering the Office Building Project. Accordingly, if any
installment of Base Rent, Operating Expense increase, or any other sum due from Lessee shall not be received by Lessor or Lessor’s designee within ten (10) days after such amount shall be due, then, without any requirement for notice to Lessee,
Lessee shall pay to Lessor a late charge equal to 6% of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of late payment by Lessee. Acceptance of
such late charge by Lessor shall in no event constitute a waiver of Lessee’s default with respect to such overdue amount, nor prevent Lessor from exercising any of the other rights and remedies granted hereunder. 
  
 14. Condemnation. If the Premises or any portion thereof or the Office Building
Project are taken under the power of eminent domain, or sold under the threat of the exercise of said power (all of which are herein called “condemnation”), this Lease shall terminate as to the part so taken as of the date the condemning
authority takes title or possession, whichever first occurs, provided that if so much of the Premises or the Office Building Project are taken such condemnation as would substantially and adversely affect the operation and profitability of
Lessee’s business conducted from the Premises, Lessee shall have the option, to be exercised only in writing within thirty (30) days after Lessor shall have given Lessee written notice of such taking (or in the absence of such notice, within
thirty (30) days after the condemning authority shall have taken possession), to terminate this Lease as of the date the condemning authority takes such possession, if Lessee does not terminate this Lease in accordance with the foregoing, this Lease
shall remain in full force and effect as to the portion of the Premises remaining, except that the rent and Lessee’s Share of Operating Expense increase shall be reduced in the proportion that the floor area of the Premises taken bears to the
total floor area of the Premises. Common Areas taken shall be excluded from the Common Areas usable by Lessee and no reduction of rent shall occur with respect thereto or by reason thereof. Lessor shall have the option in its sole discretion to
terminate this Lease as of the taking of possession by the condemning authority, by giving written notice to Lessee of such election within thirty (30) days after receipt of notice of a taking by condemnation of any part of the Premises or the
Office Building Project. Any award for the taking of all or any part of the Premises or the Office Building Project under the power of eminent domain or any payment made under threat of the exercise of such power shall be the property of Lessor,
whether such award shall be made as compensation for diminution in value of the leasehold or for the taking of the fee, or as severance damages; provided, however, that Lessee shall be entitled to any separate award for loss of or damage to
Lessee’s trade fixtures, removable personal property and unamortized tenant improvements that have been paid for by Lessee. For that purpose the cost of such improvement shall be amortized over the original term of this Lease excluding any
options, in the event that this Lease is not terminated by reason of such condemnation, Lessor shall to the extent of severance damages received by Lessor in connection with such condemnation, repair any damage to the Premises caused by such
condemnation except to the extent that Lessee has been reimbursed therefore by the condemning authority. Lessee shall pay any amount in excess of such severance damages required to complete such repair. 
  
 15. Broker’s Fee. 
  
 (a) The Brokers involved in this transaction are no broker as “listing broker” and no broker as
“cooperating broker,” licensed real estate broker(s), A “cooperating broker is defined as any broker other than the listing broker entitled to a share of any commission arising under this Lease. Upon execution of this Lease by both
parties Lessor shall pay to said      brokers jointly, or in such separate shares as they may mutually designate in writing, a fee as set forth in a separate agreement between Lessor and said broker(s), or in the event there is
no separate agreement between Lessor and said broker(s), the sum of $0, for the brokerage services rendered by said broker(s) to Lessor in this transaction. 
  
 (b) Lessee and Lessor each represent and warrant to the other that neither has had any dealings with any person, firm, broker or finder (other than the person(s), if any,
whose names are set forth in paragraph 15(a), above, in connection with the negotiation of this Lease and/or the consummation of the transaction contemplated hereby, and no other broker or other person, firm or entity is entitled to any commission
or finder’s fee in connection with said transaction and Lessee and Lessor do each hereby indemnify and hold the other harmless from and against any costs, expenses, attorneys’ fees or liability for compensation or charges which may be
claimed by any such unnamed broker, finder or other similar party by reason of any dealings or actions of the indemnifying party. 
  

			
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 16. Estoppel Certificate. 
  
 (a) Each party (as “responding party”) shall at any time upon not less than ten (10) days’ prior written notice from the
other party (“requesting party”) execute, acknowledge and deliver to the requesting party a statement in writing (I) certifying that this Lease is unmodified and in full force and effect (or, modified, slating 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) acknowledge that there are not, to the responding party’s
knowledge, any uncured defaults on the part of the requesting party, or specifying such defaults if any are claimed. Any such statement may be conclusively relied upon by any prospective purchaser or encumbrancer of the Office Building Project or of
the business of Lessee. 
  
 (b) At the requesting party’s option, the failure
to deliver such statement within such time shall be a material default of this Lease by the party who is to respond, without any further notice to such party, or it shall be conclusive upon such party that (I) this Lease is in full force and effect,
without modification except as may be represented by the requesting party, (II) there are no uncured defaults in the requesting party’s performance, and (III) if Lessor is the requesting party, not more than one month’s rent has been paid
in advance. 
  
 17. Lessor’s Liability. The term “Lessor” as
used herein shall mean only the owner or owners, at the time in question, of the fee title or a lessee’s interest in a ground lease of the Office Building Project, and except as expressly provided in paragraph 15, in the event of any transfer
of such title or interest, Lessor herein named (and in case of any subsequent transfers then the grantor shall be relieved from and after the date of such transfer of all liability as respects Lessor’s obligations thereafter to be performed,
provided that any funds in the hands of Lessor or the then grantor at the time of such transfer, in which Lessee has an interest, shall be delivered to the grantee. The obligations continued in this Lease to be performed by Lessor shall, subject as
aforesaid, be binding on Lessor’s successors and assigns, only during their respective periods of ownership. 
  
 18. Severability. The invalidity of any provision of this Lease4 as determined by a court of competent jurisdiction shall in no way affect the validity of any
other provision hereof. 
  
 19. Interest on Past–due Obligations.
Except as expressly herein provided, any amount due to Lessor not paid when due shall bear interest at the maximum rate than allowable by law or judgments from the date due. Payment of such interest shall not excuse or cure any default by Lessee
under this Lease; provided, however, that interest shall not be payable on late charges incurred by Lessee nor on any amounts upon which late charges are paid by Lessee. 
  
 20. Time of Essence. Time is of the essence with respect to the obligations to be performed under this Lease. 
  
 21. Additional Rent. All monetary obligations of Lessee to Lessor under the terms of
this Lease, including but not limited to Lessee’s Share of Operating Expense Increase and any other expenses payable by Lessee hereunder shall be deemed to be rent. 
  
 22. Incorporation of Prior Agreements: Amendments. This Lease contains all agreements of the parties with respect to any matter
mentioned herein. No prior or contemporaneous agreement or understanding pertaining to any such matter shall be effective. This lease may be modified in writing only, signed by the parties in interest at the time of the modification. Except as
otherwise stated in this Lease, Lessee hereby acknowledges that neither the real estate broker listed in paragraph 15 hereof nor any cooperating broker on this transaction nor the Lessor or any employee or agents of any of said persons has made any
oral or written warranties or representations to lessee relative to the condition or use by Lessee of the premises or the office Building Project and Lessee acknowledges that Lessee assumes all responsibility regarding the Occupational Safety Health
Act, the legal use and adaptability of the Premises and the compliance thereof with all applicable laws and regulations in effect during the term of this Lease. 
  

			
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 23. Notices. Any notice required or permitted to be given hereunder shall be in writing any may be given by
personal delivery or by certified or registered mail, and shall be deemed sufficiently given if delivered or addressed to Lessee or to Lessor at the address noted below or adjacent to the signature of the respective parties, as the case may be.
Mailed notices shall be deemed given upon actual receipt at the address required, or forty-eight hours following deposit in the mail, postage prepaid, whichever first occurs. Either party may by notice to the other specify a different address for
notice purposes except that upon Lessee’s taking possession of the Premises, the Premises shall constitute Lessee’s address for notice purposes. A copy of all notices required or permitted to be given to Lessor hereunder shall be
concurrently transmitted to such party or parties at such addresses as Lessor may from time to time hereunder designate by notice to Lessee. 
  
 24. Waivers. No waiver by Lessor of any provision hereof shall be deemed a waiver of any other provision hereof or of any subsequent breach by Lessee of the same
or any other provision. Lessor’s consent to, or approval of, any act shall not be deemed to render unnecessary the obtaining of Lessor’s consent to or approval of any subsequent act by Lessee. The acceptance of rent hereunder by Lessor
shall not be a waiver of any preceding breach by lessee of any provision hereof, other than the failure of Lessee to pay the particular rent so accepted, regardless of Lessor’s knowledge of such preceding breach at the time of acceptance of
such rent. 
  
 25. Holding Over. If lessee, with Lessor’s consent,
remains in possession of the Premises or any part thereof after the expiration of the term thereof, such occupancy shall be a tenancy from month to month upon all the provisions of this Lease pertaining to the obligations of Lessee, except that the
rent payable shall be two hundred percent (200%) of the rent payable immediately preceding the termination date of this Lease, and all Options, if any, granted under the terms of this Lease shall be deemed terminated and be of no further effect
during said month to month tenancy. 
  
 26. Cumulative Remedies. No remedy
or election hereunder shall be deemed exclusive but shall, wherever possible, be cumulative with all other remedies at law or in equity. 
  
 27. Covenants and Conditions. Each provision of this Lease performable by Lessee shall be deemed both a covenant and a condition. 
  
 28. Binding Effect; Choice of law. Subject to any provisions hereof restricting
assignment or subletting by Lessee and subject to the provisions of paragraph 17, this Lease shall bind the parties, their personal representatives, successors and assigns. This Lease shall be governed by the laws of the State where the Office
Building Project is located and any litigation concerning this Lease between the parties hereto shall be initiated in the county in which the Office Building Project is located. 
  
 29. Subordination. 
  
 (a) This Lease, and any Option or right of first refusal granted hereby, at Lessor’s option, shall be subordinate to any ground lease, mortgage, deed of trust, or
any other hypothecation or security now or hereafter placed upon the Office Building Project and to any and all advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof.
Notwithstanding such subordination, Lessee’s right to quiet possession of the Premises shall not be disturbed if Lessee is not in default and so long as Lessee shall pay rent and observe and perform all of the provisions of this Lease, unless
this Lease is otherwise terminated pursuant to its terms. If any mortgage, trustee or ground lessor shall elect to have this Lease and any Options granted hereby prior to the lien of its mortgage, deed of trust or ground lease, and shall give
written notice thereof to lessee, this Lease and such Options shall be deemed prior to such mortgage, deed of trust or ground lease, whether this lease or such Options are dated prior or subsequent to the date of said mortgage, deed of trust or
ground lease or the date of recording thereof. 
  

			
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 (b) Lessee agrees to execute any documents required to effectuate an attornment, a subordination, or to make this Lease
or any Option granted herein prior to the lien of any mortgage, deed of trust or ground lease, as the case may be. Lessee’s failure to execute such documents within ten (10) days after written demand shall constitute a material default by
Lessee hereunder without further notice to Lessee or, at Lessor’s option, Lessor shall execute such documents on behalf of Lessee as Lessee’s attorney-in-fact. Lessee does hereby make, constitute and irrevocably appoint Lessor as
Lessee’s attorney-in-fact and in Lessee’s name, place and stead, to execute such documents in accordance with this paragraph 29(b). 
  
 30. Attorneys’ Fees 
  
 (a) If either party or the broker(s) named herein bring an action to enforce the terms hereof or declare rights hereunder, the prevailing party in any such action, trial
or appeal thereon, shall be entitled to his reasonable attorneys’ fees to be paid by the losing party as fixed by the court in the same or separate suit, and whether or not such action is pursued to decision or judgment. The provisions of this
paragraph shall inure to the benefit of the broker named herein who seeks to enforce a right hereunder. 
  
 (b) The attorneys’ fee award shall not be computed in accordance with any court fee schedule, but shall be as to fully reimburse all attorneys’ fees reasonably incurred in good faith. 
  
 (c) Lessor shall be entitled to reasonable attorneys’ fees and all other costs and
expenses incurred in the preparation and services of notice of default and consultations in connection therewith, whether or not a legal transaction is subsequently commenced with such default. 
  
 31. Lessor’s Access. 
  
 (a) Lessor and Lessor’s agents shall have the right to enter the premises at reasonable
times for the purpose of inspecting the same, performing any services required of Lessor, showing the same to prospective purchases, lenders, or lessees, taking such safety measures, erecting such scaffolding or other necessary structures, making
such alterations, repairs, improvements or additions to the Premises or to the Office Building project as Lessor may reasonably deem necessary or desirable and the erecting, using and maintaining of utilities, services, pipes and conduits through
the Premises and/or other premises as long as there is no material adverse effect to Lessee’s use of the Premises. Lessor may at any time place on or about the Premises or the Building any ordinary “Fore Sale” signs and Lessor may at
any time during the last 120 days of the term hereof place on or about the Premises any ordinary “For Lease” signs. 
  
 (b) All activities of Lessor pursuant to this paragraph shall be without abatement of rent, nor shall Lessor have any liability to Lessee for the same. 
  
 (c) Lessor shall have the right to retain keys to the Premises and to unlock all doors in or
upon the premises other than to files, vaults and safes, and in the case of emergency to enter the Premises by any reasonably appropriate means, and any such entry shall not be deemed a forceable or unlawful entry or detainer of the Premises or an
eviction. Lessee waives any charges for damages or injuries or interference with lessee’s property or business in connection therewith. 
  
 32. Auctions. Lessee shall not conduct, nor permit to be conducted, either voluntarily or involuntarily, any auction upon the Premises or the Common Areas without
first having obtained Lessor’s prior written consent. Notwithstanding anything to the contrary in this Lease, Lessor shall not be obligated to exercise any standard of reasonableness in determining whether to grant such consent. The holding of
any auction on the premises or Common Areas in violation of this paragraph shall constitute a material default of this Lease. 
  
 33. Signs. Lessee shall not place any sign upon the Premises or the Office Building Project without Lessor’s prior written consent. Under no circumstances
shall Lessee place a sign on any roof of the Office Building Project. 
  
 34.
Merger. The voluntary or other surrender of this Lease by Lessee, or a mutual cancellation thereof, or a termination by Lessor, shall not work a merger, and shall, at the option of Lessor, terminate all or any existing sub tenancies or may, at
the option of Lessor, operate as an assignment to Lessor of any or all of such sub tenancies. 
  

			
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 35. Consents. Except for paragraph 32 (auctions) and 33 (signs) hereof, wherever in this Lease the consent of one
party is required to an act of the other party such consent shall not be unreasonably withheld or delayed. 
  
 36. Guarantor. In the event that there is a guarantor of this lease, said guarantor shall have the same obligations as Lessee under this Lease. 
  
 37. Quiet possession. Upon Lessee paying the rent for the Premises and observing and performing all of the covenants, conditions and
provisions on Lessee’s part to be observed and performed hereunder, Lessee shall have quiet possession of the premises for the entire term hereof subject to all of the provisions of this Lease. The individuals executing this lease on behalf of
Lessor represent and warrant to Lessee that they are fully authorized and legally capable of executing this Lease on behalf of Lessor and that such execution is binding upon all parties holding an ownership interest in the Office Building Project.

  
 38. Options. 
  
 38.1 Option to Extend. Lessor hereby grants to Lessee no separate option(s) to extend
the term of this Lease for an additional term of no year(s) each, on the same terms and conditions of this Lease, except that the Base Rent for each extended term shall be determined as provided herein. Lessee shall exercise the option by giving
Lessor written notice at least six (6) months, but not more than nine (9) months, prior to the expiration of the then current term, time being of the essence. Lessee shall have no right to exercise an option during the time commencing from the date
Lessor gives to Lessee notice of default, and continuing until the default alleged in said notice of default is cured, or during the time commencing on the day after any regular monthly installment of rent to Lessor is due from Lessee and unpaid,
without any necessity of notice thereof to Lessee, and continuing until the obligation is paid. The period of time within which the option may be exercised shall not be extended or enlarged by reason of Lessee’s inability to exercise the option
because of the provisions hereof. If any option granted hereby is not executed, all succeeding options shall terminate. Prior to the commencement of each extended term of this Lease, Lessor and Lessee shall adjust the Base Rent for the new term to
reflect the then prevailing fair rental value that would be obtained in an arms-length transaction with a third party for the current use by Lessee or a substantially similar use and upon terms similar to those set forth in this Lease. The fair
rental value shall be determined by the parties as follows: 
  
 Not later than
five (5) months prior to the commencement of any extended term of this Lease, Lessor and Lessee shall meet in an effort to negotiate, in good faith, the fair market rental value of the Premises as of such commencement date. If the parties cannot
agree on the fair rental value, or on a single appraiser, within a reasonable time (not to exceed 10 days) then, each party shall appoint one appraiser and the two so appointed shall designate a third. Each appraiser shall independently appraise the
Premises (inclusive of all tenant improvements) and report his findings to the parties within fifteen (15) days of his appointment. Fair rental value shall be the average of the three appraisals; however, any appraisal which varies by more than
fifteen percent (15%) of the average of the other two shall be disregarded. If either or both the high and low appraisals are more than fifteen percent (15%) higher or lower than the middle appraisal, such high or low appraisal, or both, will be
disregarded. In no event shall the fair rental value be less than the amount of the Base Rent payable for the month immediately prior to such adjustment, plus the next cost of living increase as set forth in Paragraph 4.3. In the event that either
party fails to appoint an appraiser within the time specified herein, then fair rental value shall be determined by the single appraiser appointed by the other party. Each appraiser shall be a real estate broker licensed in California, and
conducting commercial real estate business in the City of Santa Barbara, or shall be a member of the American Institute of Real Estate Appraisers, or comparable professional society. Each party shall pay its own appraiser and share equally the costs
of the third appraiser. The Base Rent thus established by the parties shall serve as the basis for subsequent cost of living adjustments as set forth in Paragraph 4.3, except that the denominator of the fraction shall be the index for the first
month of the extended term. 
  
 38.2 Definition. As used in this paragraph
the word “Option” has the following meaning: (1) the right or option to extend the term of this Lease or to renew this Lease or to extend or renew any lease that Lessee 
  

			
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 has on other property of Lessor; (2) the option of first right of refusal to lease the Premises or the right of first
offer to lease the Premises or the right of first refusal to lease other space within the Office Building Project or other property of Lessor or the right of first offer to lease other space within the Office Building Project or other property of
Lessor; (3) the right or option to purchase the Premises or the Office Building Project, or the right of first refusal to purchase the premises or the Office Building Project or the right of first offer to purchase the Premises or the Office
Building Project, or the right or option to purchase other property of Lessor, or the right of first refusal to purchase other property of Lessor or the right of first offer to purchase other property of Lessor. 
  
 38.3 Options personal. Each Option granted to Lessee in this lease is personal to the
original Lessee and may be exercised only by the original Lessee while occupying the Premises who does so without the intent of thereafter assigning this Lease or subletting the Premises or any portion thereof, and may not be exercised or be
assigned, voluntarily or involuntarily, by or to any person or entity other than Lessee; provided, however, that an Option may be exercised by or assigned to any Lessee Affiliate as defined in paragraph 12.2 of this Lease. The Options, if any,
herein granted to Lessee are not assignable separate and apart from this Lease, nor may any Option be separated from this Lease in any manner, either by reservation or otherwise. 
  
 38.4 Multiple Options. In the event that Lessee has any multiple options to extend or renew this Lease a later option cannot be
exercised unless the prior option to extend or renew this Lease has been so exercised. 
  
 38.5 Effect of Default on Options. 
  
 (a) Lessee shall
have no right to exercise an Option, not withstanding any provision in the grant of Option to the contrary, (I) during the time commencing from the date Lessor gives Lessee a notice of default pursuant to paragraph 13.1(c) or 13.1(d) and continuing
until the noncompliance alleged in said notice is cured, or (II) during the period of time commencing on the day after a monetary obligation to Lessor is due from Lessee and unpaid (without any necessity for notice thereof to lessee) and continuing
until the obligation is paid, or (III) in the event that Lessor has given to Lessee three or more notices of default under paragraph 13.1(c), or paragraph 13.1(d), whether or not the defaults are cured, during the 12 month period of time immediately
prior to the time that Lessee attempts to exercise the subject Option, (IV) if Lessee has committed any non-curable breach, including without limitation those described in paragraph 13.1(b), or is otherwise in default of any of the terms, covenants
or conditions of this Lease. 
  
 (b) The period of time within which an Option may
be exercised shall not be extended or enlarged by reason of Lessee’s inability to exercise an Option because of the provisions of paragraph 38.4(a). 
  
 (c) All rights of Lessee under the provisions of an Option shall terminate and be of no further force or effect, notwithstanding Lessee’s due and timely exercise of
the Option, if, after such exercise and during the term of this Lease, (I) Lessee fails to pay Lessor a monetary obligation of Lessee for a period of thirty (30) days after such obligation becomes due (without any necessity of Lessor to give notice
thereof to Lessee), or (II) Lessee fails to commence to cure a default specified in paragraph 13.1(d) within thirty (30) days after the date that Lessor gives notice to Lessee of such default and/or Lessee fails thereafter to diligently prosecute
said cure to completion, or (III) Lessor give to Lessee three of more notices of default under paragraph 13.1©, or paragraph 13.1(d), whether or not the defaults are cured, or (IV) if Lessee has committed any non-curable breach, including without limitation those described in paragraph 13.1(b),
or is otherwise in default of any of the terms, covenants and conditions of this lease. 
  
 39. Security Measures-Lessor’s Reservations. 
  
 39.1 Lessee
hereby acknowledges that Lessor shall have no obligation whatsoever to provide guard service or other security measures for the benefit of the Premises or the Office Building Project. Lessee assumes all responsibility for the protection of Lessee,
its agents, and invitees and the property of Lessee and Lessee’s agents and invitees from acts of third parties. Nothing herein contained shall prevent Lessor, at Lessor’s sole option, from providing security protection for the Office
Building Project or any part thereof, in which event the cost thereof shall be included within the definition of Operating Expenses, as set forth in paragraph 4.2(b). 
  

			
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 39.2 Lessor shall have the following right: 
  

	(a)	 	To change the name, address or title of the Office Building Project or Building in which the premises are located upon not less than 90 days prior written notice;

  

	(b)	 	To, at Lessee’s expense, provide and install Building standard graphics on the door of the Premises and such portions of the Common Areas as Lessor shall deem appropriate;

  

	(c)	 	To permit any lessee the exclusive right to conduct any business as long as such exclusive does not conflict with any rights expressly given herein; 

  

	(d)	 	To place such signs, notices or displays as Lessor reasonably deems necessary or advisable upon the roof, exterior of the buildings or the Office Building Project or on pole signs
in the Common Areas; 

  
 39.3
Lessee shall not: 
  

	(a)	 	Use a representation (photographic or otherwise) of the building or the Office Building Project or their name(s) in connection with Lessee’s business. 

 

	(b)	 	Suffer or permit anyone, except in emergency, to go upon the roof of the Building. 

  
 40. Easements. 
  
 40.1 Lessor reserves to itself the right, from time to time, to grant such easements, rights and dedications that Lessor deems necessary or desirable, and to cause the
recordation of Parcel Maps and restrictions, so long as such easements, rights, dedications, Maps and restrictions do not unreasonably interfere with the use of the Premises by Lessee. Lessee shall sign any of the aforementioned documents upon
request of Lessor and failure to do so shall constitute a material default of this Lease by Lessee without the need for further notice to Lessee. 
  
 40.2 The obstruction of Lessee’s view, air, or light by any structure erected in the vicinity of the Building, whether by Lessor or third parties, shall in no way
affect this Lease or impose any liability upon Lessor. 
  
 41. Performance
Under Protest. If at any time a dispute shall arise as to any amount or sum of money to be paid by one party to the other under the provisions hereof, the party against whom the obligation to pay the money is asserted shall have the right to
make payment “under protest” and such payment shall not be regarded as voluntary payment, and there shall survive the right on the part of said party to institute suit for recovery of such sum. If it shall be adjudged that there was no
legal obligation on the part of said party to pay such sum or any part thereof, said party shall be entitled to recover such sum or so much thereof as it was not legally required to pay under the provisions of this lease. 
  
 42. Authority. If Lessee is a corporation, trust, or general or limited partnership,
Lessee, and each individual executing this Lease on behalf of such entity represent and warrant that such individual is duly authorized to execute and deliver this Lease on behalf of said entity. If Lessee is a corporation, trust or partnership,
Lessee shall, within thirty (30) days after execution of this Lease, deliver to Lessor evidence of such authority satisfactory to Lessor. 
  
 43. Conflict. Any conflict between the printed provisions, Exhibits or Addenda of this Lease and the typewritten or handwritten provisions, if any, shall be
controlled by the typewritten or handwritten provisions. 
  
 44. No Offer.
Preparation of this Lease by Lessor or Lessor’s agent and submission of same to Lessee shall not be deemed an offer to Lessee to lease. This Lease shall become binding upon Lessor and Lessee only when fully executed by both parties. 

 
 45. Lender Modification. Lessee agrees to make such reasonable modifications to
this Lease as may be reasonably required by an institutional lender in connection with the obtaining of normal financing or refinancing of the Office Building Project. 
  
 46. Lender Approval. If required by Lessor’s lender, this Lease shall be contingent upon approval by Lessor’s lender(s)
within thirty (30) working days after the date of this Lease. 
  

			
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 47. Multiple Parties. If more than one person or entity is named as either Lessor or Lessee herein, except
as otherwise expressly provided herein, the obligations of the Lessor or Lessee herein shall be the joint and several responsibility of all persons or entities named herein as such Lessor and Lessee, respectively. 
  
 48. Hazardous Materials. 
  
 (a) The term “Hazardous Materials”, as used in this Lease, shall include, without
limitation, flammables, explosives, radioactive materials, asbestos, polychlorinated biphenyls (PCBs), chemicals known to cause cancer or reproductive toxicity, pollutants, contaminants, hazardous wastes, toxic substances or related materials,
petroleum and petroleum products, and substances declared to be hazardous or toxic under any law or regulation now or hereafter enacted or promulgated by any governmental authority. 
  
 (b) The term “Laws” means all applicable federal, state and municipal laws, ordinances, rules, regulations, orders, guidelines,
and judgments. 
  
 (c) Lessee shall not cause or permit to occur (I) any violation
of the Laws now or hereafter enacted or issued, related to environmental conditions on, under, or about the Premises, or arising from Lessee’s leasehold interest in or use or occupancy of the Premises, including but not limited to, soil and
ground water conditions; or (II) the use, generation, release, manufacture, refining, production, processing, storage or disposal of any hazardous materials on, under, or about the Premises, or the transportation to or from the Premises of any
Hazardous Materials. 
  
 (d) Lessee shall, at Lessee’s own expense, make all
submissions to, provide all information required by, and comply with all requirements of all governmental authorities (the “Authorities”) under the Laws. 
  
 (e) Should any Authority or any third party demand that a cleanup plan be prepared, and that a cleanup be undertaken because of any deposit,
spill, discharge, or other release of Hazardous Materials that occurs during the term of this Lease, at or from the Premises, or which arises at any time from Lessee’s use or occupancy of the Premises, then Lessee shall, at its own expense,
prepare and submit the required plans and all related bonds and other financial assurances, and Lessee shall carry out all such cleanup plans 
  
 (f) Lessee shall indemnify, defend and hold Lessor, and Lessor’s agents, employees and lenders harmless from all fines, suits, procedures, claims and actions of
every kind, all costs associated therewith (including attorneys’ and consultants fees) arising out of or in any way connected with any deposit, spill, discharge or other release of Hazardous Materials that occurs during the term the Lease term
(including any extensions thereof), at or from the Premises, or which arises at any time from Lessee’s use or occupancy of the Premises, or from Lessee’s failure to provide all information, make all submissions and take all steps required
by all Authorities and under the Laws. 
  
 (g) Lessee’s obligations and
liabilities under this paragraph shall survive the expiration or earlier termination of this Lease. 
  
 49. Attachments. Attached hereto are the following documents with constitute a part of this lease: 
  
 Exhibit A, Exhibit B, and Exhibit C 
  
 LESSOR AND LESSEE HAVE CAREFULLY READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN AND BY EXECUTION OF THIS LEASE, SHOW THEIR INFORMED AND
VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND LESSEE WITH RESPECT TO THE PREMISES. 
  
 IF THIS LEASE HAS BEEN FILLED IN IT HAS BEEN PREPARED FOR SUBMISSION TO YOUR ATTORNEY FOR HIS
APPROVAL, NO REPRESENTATION OR RECOMMENDATION IS MADE BY THE AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION OR BY THE REAL ESTATE BROKER OR ITS AGENTS OR EMPLOYEES AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS LEASE OR THE
TRANSACTION RELATING THERETO; THE 
  

			
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 PARTIES SHALL RELY SOLELY UPON THE ADVICE OF THEIR OWN LEGAL COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS LEASE.

  

							
	LESSOR	 	LESSEE
		
	 Timm Properties II,
 A California Limited Partnership
 233 East Carrillo Street Suite D
 Santa Barbara, CA 93101
	 	 CallWave, Inc.
 136 West Canon Perdido Street Suite A
 Santa Barbara, CA 93101

				
	 Date:
	 	 8/8/00
	 	 Date:
	 	 August 1, 2000

				
	 By:
	 	 /s/ Matthew J. Easter

	 	 By:
	 	 /s/ Robert Dolan

	 	 	 Matthew J. Easter Vice President
	 	 	 	 Robert Dolan Chief Executive Officer

  

			
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 [GRAPHIC APPEARS HERE] 
  

			
	 FLOOR PLAN
	 	EXHIBIT “A”

 EXHIBIT B 
  

RULES AND REGULATIONS FOR STANDARD OFFICE LEASE 
  
 By and between Timm Properties II and CallWave, Inc. 
  
 GENERAL RULES 
  

	1.	 	Lessee shall not suffer or permit the obstruction of any Common Areas, including driveways, walkways and stairways. 

  

	2.	 	Lessor Reserves the right to refuse access to any persons Lessor in good faith judges to be a threat to the safety, reputation, or property of the Office Building Project and its
occupants. 

  

	3.	 	Lessee shall not make or permit any noise or odors that annoy of interfere with other lessees or persons having business with the Office Building Project. 

 

	4.	 	Lessee shall not keep animals or birds within the Office building Project, and shall not bring bicycles, motorcycles or other vehicles into areas not designated as authorized for
same. 

  

	5.	 	Lessee shall not make, suffer or permit liter except in appropriate receptacles for that purpose. 

  

	6.	 	Lessee shall not alter any lock or install new or additional locks or bolts. 

  

	7.	 	Lessee shall be responsible for the inappropriate use of any toilet rooms, plumbing or other utilities. No foreign substances of any kind are to be inserted therein.

  

	8.	 	Lessee shall not deface the walls, partitions or other surfaces of the premises or office Building Project. 

  

	9.	 	Lessee shall not suffer or permit any thing in or around the Premises that causes excessive vibration of floor loading in any part of the Office Building Project.

  

	10.	 	Furniture, significant freight and equipment shall be moved into or out of the building only with Lessor’s knowledge and consent, and subject to such reasonable limitations,
techniques and timing, as may be designated by Lessor. Lessee shall be responsible for any damage to the Office Building Project arising from any such activity. 

  

	11.	 	Lessee shall not employ any service or contractor for services to work to be performed in the Building, except as approved by Lessor. 

  

	12.	 	Lessor reserves the right to close and lock the Building on Saturdays, Sundays and legal holidays, and on other days between the hours of 8:00 P.M. and 5:00 A.M. of the following
day. If Lessee uses the Premises during such periods, Lessee shall be responsible for securely locking any doors it may have opened for entry. 

  

	13.	 	Lessee shall return all keys at the termination of its tenancy and shall be responsible for the cost of replacing any keys that are lost. 

  

	14.	 	No window coverings, shades or awnings shall be installed or used by Lessee. 

  

	15.	 	No Lessee, employee or invitee shall go upon the roof of the building. 

  

	16.	 	Lessee shall not suffer or permit smoking or carrying of lighted cigars or cigarettes in areas reasonably designated by lessor or by applicable governmental agencies as non-smoking
areas. 

  

	17.	 	Lessee shall not use any method of heating or air conditioning other than as provided by Lessor. 

  

	18.	 	Lessee shall not install, maintain or operate any vending machines upon the Premises without Lessor’s written consent. 

  

	19.	 	The Premises shall not be used for lodging or manufacturing, cooking or food preparation. 

  

	20.	 	Lessee shall comply with all safety, fire protection and evacuation regulations established by Lessor or any applicable governmental agency. 

  

	21.	 	Lessor reserves the right to waive any one of these rules or regulations, and/or as to any particular Lessee, and any such waiver shall not constitute a waiver of any other rule or
regulation or any subsequent application thereof to such Lessee. 

  

			
	 Initials:
	 	     /s/    RAD

		
	 	 	     /s/    ME

  

 1 

 EXHIBIT B 
  

	22.	 	Lessee assumes all risks from theft or vandalism and agrees to keep its premises locked as may be required. 

  

	23.	 	Lessor reserves the right to make such other reasonable rules and regulations as it may from time to time deem necessary for the appropriate operation and safety of the Office
Building Project and its occupants. Lessee agrees to abide by these and such rules and regulations. 

  
 PARKING RULES 
  

	1.	 	Parking areas shall be used only for parking by vehicles no longer than full size, passenger automobiles herein called “Permitted Size Vehicles”. Vehicles other than
Permitted Size Vehicles are herein referred to as “Oversized Vehicles”. 

  

	2.	 	Lessee shall not permit or allow any vehicles that belong to or are controlled by Lessee or Lessee’s employees, suppliers, shippers, customers, or invitees to be loaded,
unloaded, or parked in areas other than those designated by Lessor for such activities. 

  

	3.	 	Parking stickers or identification devices shall be the property of Lessor and be returned to lessor by the holder thereof upon termination of the holder’s parking privileges.
Lessee will pay such replacement charge as reasonably established by Lessor for the Loss of such devices. 

  

	4.	 	Lessor reserves the right to refuse the sale of monthly identification devices to any person or entity that willfully refuses to comply with the applicable rules, regulations, laws
and/or agreements. 

  

	5.	 	Lessor reserves the right to relocate all or part of parking spaces from floor to floor, within one floor, and/or reasonably adjacent offsite location(s) and to reasonably allocate
them between compact and standard size spaces, as long as the same complies with applicable laws, ordinances and regulations. 

  

	6.	 	Users of the parking area will obey all posted signs and park only in the areas designated for vehicle parking. 

  

	7.	 	Unless otherwise instructed, every person using the parking area is required to park and lock his own vehicle. Lessor will not be responsible for any damage to vehicles, injury to
persons or loss of property, all of which risks are assumed by the party using the parking area. 

  

	8.	 	Validation, if established, will be permissible only by such method or methods as Lessor and/or its licensee may establish rates generally applicable to visitor parking

  

	9.	 	The maintenance, washing, waxing or cleaning of vehicles in the parking structure or Common Area is prohibited. 

  

	10.	 	Lessee shall be responsible for seeing that all of its employees, agent and invitees comply with the applicable parking rules, regulations, laws and agreements.

  

	11.	 	Lessor reserves the right to modify these rules and/or adopt such reasonable and non-discriminatory rules and regulations as it may deem necessary for the proper operation of the
parking area. 

  

	12.	 	Such parking use as is herein provided is intended merely as a license only and no bailment is intended or shall be created hereby. 

  

			
	 Initials:
	 	     /s/    RAD

		
	 	 	     /s/    ME

  

 2 

 Exhibit C 
  

136 WEST CANON PERDIDO PARKING EXHIBIT 
  
 [GRAPHIC APPEARS HERE] 
  
 Suite B-2 - 28-33, 40Lease Agreement dated April 1, 2001

 Exhibit 10.6 
  
 LEASE AGREEMENT 
  
 by and between 
  
 LIBERTY TELECOM, LLC (“Tenant”) 
  
 and 
  
 200 SOUTH VIRGINIA INVESTMENTS, LLC (“Landlord”) 
  
 4/01/01,              
  
 200 South Virginia 

 TABLE OF CONTENTS 
  

							
	1.	  	Demise and Premises	  	1
	 	  	1.1	  	 Demise
	  	1
	 	  	1.2	  	 Premises
	  	1
	 	  	1.3	  	 Commencement and Expiration Dates
	  	1
	 2.
	  	Rent	  	2
	 	  	2.1	  	 Base Rent
	  	3
	 3.
	  	Additional Rent	  	4
	 	  	3.1	  	 Operating Expenses
	  	4
	 	  	3.2	  	 Operating Expense Exclusions
	  	5
	 	  	3.3	  	 Excess Operating Expenses
	  	6
	 	  	3.4	  	 Direct Tenant Obligations
	  	6
	 4.
	  	Payment of Additional Rent	  	7
	 	  	4.1	  	 Operating Year
	  	7
	 	  	4.2	  	 Tenant’s Proportionate Share
	  	7
	 	  	4.3	  	 Written Statement of Estimated Excess Operating Expenses
	  	7
	 	  	4.4	  	 Final Written Statement
	  	7
	 	  	4.5	  	 Payment Following Lease Expiration
	  	8
	 5.
	  	Use	  	8
	 	  	5.1	  	 General
	  	8
	 	  	5.2	  	 Negative Covenants as to Use
	  	8
	 	  	5.3	  	 Hazardous Substances
	  	8
	 	  	5.4	  	 Rules and Regulations
	  	10
	 6.
	  	Condition of Premises, Maintenance and Repair	  	10
	 	  	6.1	  	 Tenant’s Acceptance
	  	10
	 	  	6.2	  	 Tenant’s Maintenance Obligations
	  	10
	 	  	6.3	  	 Manner
	  	10
	 	  	6.4	  	 Janitorial Services
	  	10
	 	  	6.5	  	 Landlord’s Maintenance and Repair Obligations
	  	10
	 	  	6.6	  	 Waiver
	  	11
	 	  	6.7	  	 End of Term
	  	11
	 7.
	  	Tenant Alterations	  	11
	 	  	7.1	  	 Landlord’s Consent
	  	11
	 	  	7.2	  	 Procedure for Approval
	  	11
	 	  	7.3	  	 Standard for Approval
	  	11
	 	  	7.4	  	 Compliance with Laws
	  	12
	 	  	7.5	  	 Title to Improvements
	  	12
	 	  	7.6	  	 Schedule/Manner of Work
	  	12
	 	  	7.7	  	 Debris
	  	12
	 	  	7.8	  	 Right of Entry/Inspection
	  	13
	 	  	7.9	  	 Insurance
	  	13
	 	  	7.10	  	 Non-Responsibility of Landlord
	  	13
	 8.
	  	Liability and Insurance	  	13

  

 i 

							
	 	  	8.1	  	 Action by Tenant
	  	13
	 	  	8.2	  	 Landlord’s Insurance
	  	14
	 	  	8.3	  	 Waiver of Subrogation
	  	14
	 	  	8.4	  	 Public Liability Insurance
	  	14
	 	  	8.5	  	 Tenant’s Fire and All Risk Coverage Insurance
	  	14
	 	  	8.6	  	 Insurance Policies
	  	14
	 	  	8.7	  	 Increase in Coverage
	  	15
	9.	  	Landlord’s Property, Tenant’s Property	  	15
	 	  	9.1	  	 Landlord’s Property
	  	15
	 	  	9.2	  	 Tenant’s Property
	  	15
	 	  	9.3	  	 Removal
	  	15
	 	  	9.4	  	 Abandonment
	  	15
	10.	  	Holding Over	  	16
	11.	  	Electric Energy	  	16
	 	  	11.1	  	 High Voltage Equipment
	  	16
	 	  	11.2	  	 Cost of Increasing Capacity
	  	16
	 	  	11.3	  	 Light Fixtures
	  	16
	12.	  	Climate Control	  	16
	13.	  	Signs, Displays, Auctions and Sales	  	17
	 	  	13.1	  	 General
	  	17
	 	  	13.2	  	 Tenant’s Interior Signs
	  	17
	 	  	13.3	  	 Displays
	  	17
	 	  	13.4	  	 Auctions
	  	17
	14.	  	Access and Control of Premises	  	17
	 	  	14.1	  	 Access to Premises
	  	17
	 	  	14.2	  	 Waiver in Connection with Landlord’s Entry
	  	18
	 	  	14.3	  	 Building Changes
	  	18
	15.	  	Damage or Destruction	  	18
	 	  	15.1	  	 Rights and Obligation
	  	18
	 	  	15.2	  	 Rent Abatement
	  	19
	 	  	15.3	  	 Interference with Tenant’s Business
	  	19
	 	  	15.4	  	 Insurance on Tenant’s Property
	  	19
	16.	  	Eminent Domain	  	19
	 	  	16.1	  	 Total Condemnation
	  	19
	 	  	16.2	  	 Partial Condemnation
	  	20
	 	  	16.3	  	 Effect of Termination or Continuation
	  	20
	 	  	16.4	  	 Award
	  	20
	 	  	16.5	  	 Temporary Taking
	  	20
	17.	  	Landlord’s Self-Help Rights; Liability and Indemnification	  	20
	 	  	17.1	  	 Landlord’s Right to Cure
	  	20
	 	  	17.2	  	 Tenant’s Indemnity
	  	21
	 	  	17.3	  	 Limit on Landlord’s Liability
	  	21
	 	  	17.4	  	 Defense of Claims
	  	21
	18.	  	Defaults and Remedies	  	21
	 	  	18.1	  	 Events of Default
	  	21

  

 ii 

							
	 	  	18.2	  	 Remedies
	  	22
	 	  	18.3	  	 Cumulative Remedies
	  	24
	 	  	18.4	  	 Termination
	  	24
	19.	  	 Transfers by Tenant
	  	24
	 	  	19.1	  	 General
	  	24
	 	  	19.2	  	 Listing Premises
	  	25
	 	  	19.3	  	 Corporate Changes
	  	25
	 	  	19.4	  	 Unapproved Transfers
	  	26
	 	  	19.5	  	 Successors and Assigns
	  	26
	20.	  	 Subordination; Attornment; Quiet Enjoyment
	  	26
	 	  	20.1	  	 Subordination, Nondisturbance
	  	26
	 	  	20.2	  	 Attornment
	  	26
	 	  	20.3	  	 Quiet Enjoyment
	  	26
	 	  	20.4	  	 Estoppel Certificates
	  	26
	 	  	20.5	  	 Mortgage Protection
	  	27
	 	  	20.6	  	 Modification for Lender
	  	27
	21.	  	 Security
	  	27
	 	  	21.1	  	 Financial Statements
	  	27
	 	  	21.2	  	 Deposit
	  	27
	22.	  	 Governing Law
	  	28
	23.	  	 No Merger
	  	28
	24.	  	 Disputes
	  	28
	 	  	24.1	  	 Attorneys’ and Collection Fees
	  	28
	 	  	24.2	  	 Arbitration of Disputes
	  	28
	25.	  	 Building Planning
	  	28
	26.	  	 Tenant’s Liability and Performance
	  	28
	27.	  	 Definition of Landlord; Limitation or Liability
	  	29
	28.	  	 Waiver
	  	30
	29.	  	 Miscellaneous Provisions
	  	30
	 	  	29.1  	  	 Successors or Assigns
	  	30
	 	  	29.2  	  	 Authority of Parties
	  	30
	 	  	29.3  	  	 Interest on Past Due Obligations
	  	30
	 	  	29.4  	  	 Broker’s Commission
	  	31
	 	  	29.5  	  	 Terms and Headings
	  	31
	 	  	29.6  	  	 Examination of Lease
	  	31
	 	  	29.7  	  	 Time
	  	31
	 	  	29.8  	  	 Amendments
	  	31
	 	  	29.9  	  	 Partial Invalidity
	  	31
	 	  	29.10	  	 Recording
	  	31
	 	  	29.11	  	 Notices
	  	31
	 	  	29.12	  	 Entire Agreement
	  	32
	 	  	29.13	  	 Survival of Tenant’s Obligations
	  	32
	 	  	29.14	  	 Representation and Warranties
	  	32
	 	  	29.15	  	 Guarantee
	  	32

  

 iii 

 BASIC LEASE TERMS AND DESCRIPTION OF EXHIBITS 
  
 The following list is a summary of certain basic terms of this Lease. In case
of a conflict between any provision of this Lease and the information contained in this summary, the applicable provision of this Lease shall control. Terms set forth in the left-hand column, below, and used in this Lease shall, unless otherwise
defined in the Lease, have the meaning given opposite each such term in the right-hand column, below. 
  

			
	 LANDLORD:
	  	200 South Virginia Investments, LLC, an Oregon limited liability company
		
	 ADDRESS OF LANDLORD:
	  	 c/o ScanlanKemperBard Companies, Operating
 Manager
 2650 Pacwest Center
 1211 S.W.Fifth
Avenue
 Portland, OR 97204
 Attn: Jeff Tallman
 Telecopy: (503) 220-2648

		
	 TENANT:
	  	Liberty Telecom, LLC, a Delaware limited liability company
		
	 DOING BUSINESS AS:
	  	Liberty Telecom, LLC
		
	 ADDRESS OF TENANT:
	  	 136 West Canon Perdido Street
 Santa Barbara, CA
93101
 Attn: David Trandal
 Telecopy: (805)
690-4204

		
	 PROPERTY MANAGER:
	  	Colliers International
		
	 ADDRESS OF PROPERTY MANAGER:
	  	 5310 Kietzke Lane, Suite 105
 Reno, NV
89511
 Attention: Marcus Clark
 Telecopy: (775)
823-4699

		
	 CITY, COUNTY AND STATE:
	  	Reno, Washoe County, Nevada, respectively
		
	 PREMISES:
	  	Suite 950a (607 rentable square feet) and Suite 950c (342 rentable square feet) for a total of 949 square feet of space located on the ninth floor at 200 South Virginia, as identified on the
description and/or floor Plans attached as Exhibit B.

  

 iv 

			
	 LEASE TERM:
	  	Sixty (60) months
		
	 RENEWAL TERM(S):
	  	Four terms of sixty (60) months each
		
	 EFFECTIVE DATE:
	  	The date on which this Lease has been executed by both Landlord and Tenant, as indicated following the signature block for each.
		
	 COMMENCEMENT DATE:
	  	May 1, 2001, or as otherwise set forth in Section 1.3.1
		
	 EXPIRATION DATE:
	  	April 30, 2006, or as otherwise set forth in Section 1.3.1
		
	 LEASE YEAR:
	  	Each 12-month period beginning on April 1 during the Lease Term.
		
	 BASE RENT:
	  	The following rents, calculated at $1.70 per month,
	 	  	 Per rentable square foot of the Premises for the first
 Lease Year, and increased three percent (3%) per
 Lease Year:
  
 $1,613.30 per month ($19,359.60 annually) year 1
 $1,661.70 per month ($19,940.39 annually) year 2
 $1,711.55 per month ($20,538.60 annually) year 3
 $1,762.90 per month ($21,154.76 annually) year 4
 $1,815.78 per month
($21,789.40 annually) year 5
  
 subject to adjustment pursuant to Section
2.1.1

		
	 ADJUSTMENT DATE FOR BASE RENT:
	  	Each annual anniversary of the Commencement Date
		
	 BASE YEAR:
	  	The calendar year in which the Commencement Date occurs.
		
	 INITIAL PROPORTIONATE SHARE OF EXCESS OPERATING EXPENSES:
	  	.00818%, subject to adjustment pursuant to Section 4.
		
	 PERMITTED USE:
	  	Operation of telecommunications equipment
		
	 INITIAL TENANT
	  	Space to be delivered to Tenant “AS IS”

  

 v 

			
	 IMPROVEMENTS:
	  	 
		
	 SECURITY DEPOSIT:
	  	One Thousand Six Hundred Thirteen and 30/100 Dollars ($1,613.30)
		
	 BROKER:
	  	 Colliers International
 5310 Kietzke Lane, Suite
105
 Reno, NV 89511

  
 EXHIBITS

  

			
	 Exhibit A
	  	 Legal Description of Land

	 Exhibit B
	  	 Premises Description and Plan

	 Exhibit C & C-1
	  	 Intentionally Deleted

	 Exhibit D
	  	 Rules and Regulations

	 Exhibit E
	  	 Acceptance Letter

	 Exhibit F
	  	 Standards for Utilities and Services

  

 vi 

 LEASE AGREEMENT 
  
 THIS LEASE AGREEMENT (this “Lease” or this “Agreement”) is made and entered into as of the Effective
Date identified in the summary of Basic Lease Terms preceding this Lease by and between the Tenant and Landlord also identified in such summary. 
  

	1.	 	Demise and Premises. 

  
 1.1 Demise. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, upon the terms and subject to the conditions set forth in this
Lease, the Premises described in Section 1.2 within the Building known as 200 South Virginia, in the City, County and State (the “Building”), SUBJECT, HOWEVER, to any and all existing liens and encumbrances of record (the “Existing
Encumbrances”), and the terms of this Lease. The Building is located upon the land legally described in Exhibit A (the “Land”). 
  
 1.2 Premises and Associated Rights. The premises leased to Tenant consist of the interior space in the Building having the square footage and
location generally identified in the summary of Basic Lease Terms preceding this Lease, as more particularly identified on the description and/or floor plans attached as Exhibit B (the “Premises”), excluding, however, the roof and exterior
walls, if any, of such space. The Premises also include the appurtenant right to use, in common with others, the public portions of the Building, including public hallways and lobbies, elevators, parking facilities to the extent allocated to Tenant
in the summary of Basic Lease Terms, restrooms, sidewalks, ramps, landscape areas, and driveways. The Premises shall be delivered to Tenant in its “AS IS” condition without any obligations on the part of Landlord to perform any
improvements or alterations, or to provide any allowances. 
  
 1.3
Commencement and Expiration Dates. The term of this Lease shall be for the period of months designated in the summary of Basic Lease Terms preceding this Lease, and shall have the Commencement Date and Expiration Date also designated in such
summary (the “Term”); provided that: 
  
 1.3.1
Conforming Commencement Date. If the Premises are for any reason not ready for occupancy by said Commencement Date, this Lease shall not be void or voidable, and Landlord shall not be liable or responsible for any claims, damages or
liabilities in connection therewith or by reason thereof and the term of this Lease shall be for the same term of months as set forth in the preceding sentence, but the Commencement Date shall occur only at the time that the Premises are ready for
occupancy by the Tenant in accordance with the terms and conditions set forth herein. Should the term of this Lease commence on a date other than the date certain specified in Section 1.3, Tenant shall, upon Landlord’s request, execute an
acceptance letter in the form of Exhibit E, specifying the revised Commencement Date. In such event, rent under this Lease shall not commence until said revised Commencement Date, and the term of this Lease shall thereupon commence and the
Expiration Date shall be extended so as to give effect to the full stated term. 
  
 1.3.2 Renewal Option. Subject to the conditions stated in this Section 1.3.2, Tenant shall have the option to extend this Lease for up to that number of additional terms specified in the summary of Basic Lease
Terms preceding this Lease (each, a “Renewal Term”), each consisting of that number of months also specified in the summary of Basic Lease Terms preceding this Lease. Each such Renewal Term shall commence the day following expiration of,
as applicable, the initial Term or the preceding Renewal Term, and shall be for a Base Rent determined pursuant to Section 2.1.2, and 
  

 1 

 
otherwise on and subject to all of the terms and conditions set forth in this Agreement. Tenant may exercise the option granted hereby by written notice to
Landlord if, but only if, all of the following conditions are satisfied: 
  
 (a) Tenant shall have given such notice not less than 180 days nor more than 200 days before the last day of the initial Term or Renewal Term to be extended; 
  
 (b) During the Term preceding delivery of such notice, Tenant shall not have
defaulted in any of its obligations hereunder, or Landlord shall, for purposes of this Section 1.3.2 only, waived the absence of any such default as a condition precedent to Tenant’s right to exercise the option; 
  
 (c) At the time that Tenant gives such notice, and continuing until the
first day of the Renewal Term, there shall not exist hereunder any default of Tenant nor any event or circumstance that, with notice, the passage of time, or both, could ripen into a default. 
  
 (d) The option to extend the Term is personal to the original Tenant
executing this Lease and, except for a Permitted Assignment under Section 19.3.1, the rights contained in this option are not assignable or transferable by such original Tenant. 
  
 (e) Tenant’s net worth at the time of exercising the option as determined in accordance with generally accepted
accounting principles, is no less than Tenant’s net worth at the commencement of the original Term hereof. 
  
 (f) Tenant is operating in the Premises in a manner consistent with the Building and Land. 
  
 Subsequent references to the “Term” of this Lease shall include the
Term and the Renewal Term(s), if any, for which Tenant effectively exercises the foregoing option. If all of the conditions stated to efficacy of the foregoing option are not timely satisfied, then this Lease shall expire on the last day of, as
applicable, the expiring initial Term or Renewal Term. As of the date each Renewal Term begins, this Lease shall be deemed modified in the manner set forth above, without the necessity of any further agreement or document; provided, however, that
either party to this Lease shall, upon request of the other party, execute, acknowledge, and deliver an instrument evidencing such renewal and modification of this Lease. 
  
 2. Rent. Tenant shall pay to Landlord rent consisting of a Base Rent, as set forth in this Section 2, and Additional Rent, as set
forth in Section 3 (Base Rent and Additional Rent, along with all other sums that become payable by Tenant under this Lease, whether to Landlord directly, or to a third party for the benefit of Landlord and the Premises, are referred to herein as
“Rent”). All Rent shall be paid in advance on the first day of each month unless otherwise provided herein. All Rent shall be paid in lawful money of the United States to Landlord, c/o the Property manager at the address set forth in the
Summary of Basic Lease Terms preceding this Lease, or at such other place as Landlord shall designate by written notice to Tenant. Tenant shall pay all Rent promptly when due without notice or demand therefor and without any abatement, deduction or
off set, for any reason whatsoever, except as may be expressly provided in this Lease. If the Tenant’s obligation to pay Base Rent does not commence on the first day of a calendar month, or does not expire on the last day of the calendar month,
the Base Rent payable by Tenant on the first fractional month, or the last fractional month, as the case may be, shall be prorated for said month. Base Rent for the first full calendar month of the Term shall be paid 
  

 2 

 upon execution of this Lease, and Base Rent for any partial month at the beginning of the Term shall be due on the
Commencement Date. Tenant acknowledges that Tenant’s late payment of Rent due Landlord will cause Landlord to incur costs not contemplated by this Lease, the exact amount of such cost being extremely difficult and impractical to ascertain.
Therefore, if Landlord does not receive any Rent due from Tenant within five (5) days of when due, Tenant shall pay to Landlord an additional sum equal to five percent (5%) of the overdue amount, which late charge (a) shall be due and payable on
demand, (b) constitutes liquidated damages for each delinquent payment under applicable State law, and (c) the payment of late charges and the payment of interest are distinct and separate from one another in that the payment of interest is to
compensate Landlord for the use of Landlord’s money by Tenant, while the payment of late charges is to compensate Landlord for the additional administrative expenses incurred by Landlord in handling and processing delinquent payments. By their
execution of this Lease, Landlord and Tenant confirm that such late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of any such late payment, that the late charge is in addition to any and all
remedies available to Landlord and that the assessment and/or collection of the late charge shall not be deemed a waiver by Landlord of such failure or to any other default under this Lease. Additionally, all such delinquent Rent, plus any late
charge, shall bear interest at the rate of fourteen percent (14%) per annum, or, if lower, the maximum interest rate permitted by law (as applicable, the “Default Rate”), from the date due until paid. If any payment of Rent is returned for
insufficient funds, Landlord may require Tenant to pay all future payments by cashier’s check. 
  
 2.1 Base Rent. Subject to adjustment as provided in Section 2.1.1, the monthly Base Rent shall be the amount specified in the summary of Basic
Lease Terms preceding this Lease (the “Base Rent”). As of the first day of each Adjustment Date specified in the summary of Basic Lease Terms preceding this Lease, Base Rent shall be increased as provided in such summary. 
  
 2.1.1 Rentable Square Footage Adjustment. The Base Rent specified in
the summary of Basic Lease Terms preceding this Lease has been calculated based on the approximate rentable square feet contained within the Premises, as specified in such summary, resulting in a monthly Base Rent per square foot represented by the
total monthly Base Rent specified divided by the approximate number of square feet specified. Landlord may, from time to time, recalculate the rentable square feet contained within the Premises (including, without limitation, in connection with any
expansion, contraction or reconfiguration of either) and, upon completion thereof, Landlord shall adjust the Base Rent hereunder, based upon the actual rentable square footage of the Premises and the monthly rent per square foot represented by the
Base Rent and approximate square footage set forth in the Basic Lease Terms, and shall notify Tenant in writing of any such adjustment stating therein the effective date of such adjustment. The rentable square footage of the Premises and the
Building will be determined based on current BOMA measurement standards. 
  
 2.1.2 Renewal Term Base Rent. Base Rent for the Premises shall be increased on the first (1st) day of each Renewal Term to an amount equal to the “fair market rental value” of the Premises (which fair market rental value determination may include increases in Base Rent during the Renewal Term). Fair market value
shall be determined by Landlord in its sole but reasonable discretion, after evaluating, among other things, the rents at similar buildings in the same geographic area. Within thirty (30) days after Landlord’s receipt of Tenant’s written
notice of the exercise of the Renewal Option as set forth in Section 1.3.2, Landlord shall provide Tenant with Landlord’s determination of fair market rental value, but in no event shall Base Rent for such Renewal Term be less than the previous
year’s Base Rent. Upon Landlord’s written notice of fair market rental value to Tenant, Tenant shall have ten (10) business days to accept or reject such Base Rent in writing. Should Tenant reject such Base Rent, Tenant shall have no
further additional right to renew or extend the 
  

 3 

 Lease term, and Tenant shall vacate the Premises at the end of the Lease Term. Tenant’s failure to deliver written
notice to Landlord accepting or rejecting such Base Rent within said ten (10) business day period shall be deemed Tenant’s acceptance of the same. 
  
 3. Additional Rent. Tenant, throughout the Term, shall be obligated to pay its Proportionate Share (as that term is defined in Section 4) of all Excess Operating
Expenses (as that term is defined in Section 3.3) actually incurred by Landlord. Tenant’s Proportionate Share of Excess Operating Expenses shall be Additional Rent. 
  
 3.1 Operating Expenses. The term “Operating Expenses” shall mean all expenses paid or incurred by Landlord
or on Landlord’s behalf as determined by Landlord to be necessary or appropriate for the operation, maintenance and repair of the Land and/or Building, including the common areas thereof, and the curbs, sidewalks and plazas adjoining the same,
including without limitation: 
  
 3.1.1 Salaries, wages, medical,
insurance, union and general welfare benefits, pension payments, payroll taxes, worker’s compensation insurance, uniforms and related expenses and benefits of employees of Landlord engaged in the repair, operation, maintenance, management,
engineering and security of the Land and/or Building; 
  
 3.1.2
All expenses incurred for gas, steam, electricity, heat, ventilation, air-conditioning, water, elevator service and other services or utilities furnished to the Building, together with any taxes thereon; 
  
 3.1.3 All maintenance costs relating to public and service areas of the
Building and/or Land, including, but not limited to sidewalks, landscaping, parking, service areas, mechanical rooms, loading areas, and Building exteriors; 
  
 3.1.4 The cost of all insurance premiums and charges including but not limited to rent loss insurance, casualty, liability, fire with extended coverage
endorsement, flood and fidelity insurance, with regard to the Land and/or Building and the maintenance and/or operation thereof; 
  
 3.1.5 The cost or rental of all supplies, including without limitation, cleaning supplies, light bulbs, tubes and ballasts, materials and equipment, and
all taxes thereon; 
  
 3.1.6 The cost of hand tools and other
moveable equipment used in the repair, maintenance or operation of the Building and Land; 
  
 3.1.7 The cost of all charges for window and other cleaning, janitorial and security services; 
  
 3.1.8 Charges of independent contractors performing repairs or services to the Land and/or Building not otherwise chargeable to a specific tenant;

  
 3.1.9 Repairs, replacement and general maintenance made by
Landlord; 
  
 3.1.10 All taxes and assessments and governmental
charges, whether federal, state, county, or municipal, and whether by taxing districts or authorities presently taxing the Land and/or Building, or by others, whether subsequently created or otherwise, whether foreseen or unforeseen, 
  

 4 

 and any other taxes and assessments attributable to the Land and/or Building, whether or not directly paid by Landlord,
including local improvement district assessments, traffic or signalization improvement assessments, rent taxes, gross receipt taxes, business license taxes and fees for permits for the Building, and any other tax or charge, including income taxes
and sales taxes, levied wholly or partly in lieu thereof and any increase in any tax, including income taxes and any imposition of any taxes such as a sales tax, if increased or imposed due to a reduction in property taxes, excepting only
inheritance or estate taxes and state or federal income taxes computed on the basis of the net income of the owners of the Building; 
  
 3.1.11 Alterations and improvements to the Building made by reason of the laws and requirements of any public authorities or the requirements of insurance
companies or the holders of any encumbrances against the land and/or Building; 
  
 3.1.12 Management fees paid to a third party, or, if no managing agent is employed by Landlord, a management fee which is not in excess of the then-prevailing rates for management fees of other first-class buildings
devoted to similar uses in the County and State, metropolitan area; 
  
 3.1.13 The costs of any capital improvements or repairs to the Building and/or of any machinery or equipment installed in the Building amortized over the useful life of the improvements, machinery and/or equipment as estimated by Landlord,
that is made or becomes operational, as the case may be, after the completion of the initial construction of the Building that will improve the operating efficiency of the Building or which may be required to comply with laws, ordinances, rules or
regulations’ promulgated, adopted or enforced after completion of the initial construction of the Building; 
  
 3.1.14 Legal, accounting and other professional fees incurred in connection with operation, maintenance and management of the Land and/or Building;

  
 3.1.15 All other charges properly allocable to the operation,
repair and maintenance of the Land and/or Building in accordance with generally accepted accounting principles; 
  
 3.1.16 Reasonable reserves for payment of any of the expenses described in this Section; and 
  
 3.1.17 The cost of air monitoring within the Building in order to detect and monitor the level of any hazardous materials
within the air in the Building. 
  
 3.2 Operating Expense
Exclusions. Notwithstanding anything contained in the foregoing Section 3.1 the following expenses shall be excluded from Operating Expenses: 
  
 3.2.1 Depreciation or amortization on the initial construction of the Building; 
  
 3.2.2 Debt service (including without limitation, interest, principal and any impound payments) required to be made on any
mortgage or deed of trust recorded with respect to the Building and/or Land; 
  
 3.2.3 The cost of leasehold improvements made for any tenants of the Building; 
  

 5 

 3.2.4 Leasing commissions, costs and disbursements and other expenses (including advertising) incurred in
connection with leasing, renovating, or improving space for tenants or other occupants of the Building; 
  
 3.2.5 Repairs, replacements, supplies, alterations, janitorial services, and general maintenance paid for by insurance proceeds or by Tenant or other
third parties; or 
  
 3.2.6 Specific costs incurred for the
account of, or separately billed to and paid by specific tenants Of the Building. 
  
 3.3 Excess Operating Expenses. The term “Excess Operating Expenses” means, for any Operating Year (defined at Section 4.1), the amount by which the total Operating Expenses for such Operating Year
exceed the total Operating Expenses for the Base Year identified in the Basic Lease Terms preceding this Lease. The provisions for payment of Tenant’s Proportionate Share of Operating Expenses are intended to pass on to Tenant, and reimburse
Landlord for, all costs and expenses of the nature described in Section 3.1 incurred in connection with ownership and operating of the Building to the extent such costs and expenses exceed in amount the same costs and expenses for the Base Year.

  
 3.4 Direct Tenant Obligations. 
  
 3.4.1 Business Taxes. Tenant shall be directly liable for, and shall
pay as and when due throughout the Term, all license and excise fees and occupation taxes covering the business conducted on the Premises. If any governmental authority or unit under any present or future law effective at any time during the Term
shall in any manner levy a tax on rents payable under this Lease or rents accruing from use of the Premises, or a tax in any form against Landlord because of, or measured by, income derived from the leasing or rental thereof, such tax shall be paid
by Tenant, either directly or through Landlord, and Tenant’s failure to do so shall constitute an Event of Default. Tenant shall not, however, be liable to pay any net income tax imposed on Landlord unless, and then only to the extent that, the
net income tax is a substitute for real estate taxes. 
  
 3.4.2
Taxes on Tenant’s Property. Tenant shall be liable for and shall pay at least ten (10) days before delinquency, taxes levied against any personal property or trade fixtures placed by Tenant in or about the Premises. If any such taxes on
Tenant’s personal property or trade fixtures are levied against the Premises, Landlord or Landlord’s property, or if the assessed value of the Premises is increased by the inclusion therein of a value placed upon such personal property or
trade fixtures, then Landlord shall have the right to pay the taxes based upon such increased assessments, regardless of the validity thereof, but only under proper protest if requested by Tenant in writing. If Landlord shall so-pay such taxes, then
Tenant shall, upon demand, repay to Landlord the taxes so-levied and paid by Landlord, or the proportion of such taxes resulting from such increase in the assessment. In any such event, Tenant, shall have the right, at Tenant’s sole cost and
expense, in the name of Landlord and with Landlord’s full cooperation, to bring suit in any court of competent jurisdiction to recover the amount of any such taxes so paid under protest, any amount so recovered to belong to Tenant. 

 
 3.4.3 Tenant Improvements. If the Tenant Improvements in the
Premises, whether installed and/or paid for by Landlord or Tenant and whether or not affixed to the real property so as to become a part thereof, are assessed for real property tax purposes at a valuation higher than the valuation at which
improvements conforming to Landlord’s “building standard” in other space in the Building are assessed, then the real property taxes and assessments levied against Landlord or the 
  

 6 

 Premises by reason of such excess assessed valuation shall be deemed to be property taxes and assessments levied against
personal property of Tenant and shall be governed by the provisions of Section 3.4.2, above. If the records of the county assessor are available and sufficiently detailed to serve as a basis for determining whether said Leasehold Improvements are
assessed at a higher valuation than Landlord’s “building standard”, such records shall be binding on both Landlord and Tenant. If the records of the county assessor are not available or sufficiently detailed to serve as a basis for
making said determination, the actual costs of construction shall be used. 
  
 4.
Payment of Additional Rent. 
  
 4.1 Operating Year.
As used in this Section 4 the term “Operating Year” shall mean each calendar year of the Lease Term specified in Section 1.3 and if this Lease begins or ends on any date other than the first day of the calendar year, the calculations,
costs and payment referred to herein shall be prorated on a daily basis. 
  
 4.2 Tenant’s Proportionate Share. Tenant’s Proportionate Share of Excess Operating Expenses shall equal the rentable square feet contained within the Leased Premises divided by the total rentable
square feet from time to time contained within the Building and intended for lease to tenants, subject to an equitable adjustment, determined by Landlord if there is any disproportionate usage or consumption by Tenant, or if Tenant does not use or
consume service in the Premises that is made available to other tenants of the Building. As of the date of this Lease Tenant’s Proportionate Share is the percentage stated in the summary of Basic Lease Terms preceding this Lease. Landlord may,
from time to time, recalculate the rentable square feet contained within the Premises and/or the Building (including, without limitation, in connection with any expansion, contraction or reconfiguration of either, and, upon completion thereof,
Landlord shall adjust Tenant’s Proportionate Share and shall notify Tenant in writing of any such adjustment stating therein the effective date of such adjustment. The rentable square footage of the Premises and the Building will be determined
based on current BOMA measurement standards. 
  
 4.3 Written
Statement of Estimated Excess Operating Expenses. As Landlord prepares written estimates of future Operating Expenses, Landlord will provide Tenant with a copy of such estimates, but Tenant acknowledges that such estimates are preliminary only,
are only for Tenant’s information, and cannot be relied upon by Tenant. At least ten (10) days prior to the commencement of each Operating Year during the term of this Lease, Landlord shall furnish Tenant with a written statement setting forth
Landlord’s estimate of Tenant’s Proportionate Share of the estimated Excess Operating Expenses for the next Operating Year. Failure of Landlord to deliver the statement of estimated Excess Operating Expenses shall not relieve Tenant of its
obligation to pay Tenant’s Proportionate Share of Excess Operating Expenses. Tenant shall each month pay to Landlord as Additional Rent commencing on January 1 of each Operating Year an amount equal to one-twelfth of the amount of Tenant’s
Proportionate Share of estimated Excess Operating Expenses for that year as shown in Landlord’s written statement. 
  
 4.4 Final Written Statement. Within ninety (90) days after the close of each Operating Year during the Term, Landlord shall deliver to Tenant a
written statement (the “Operating Statement”) setting forth Tenant’s actual Proportionate Share of the Excess Operating Expenses for the preceding Operating Year. If Tenant’s Proportionate Share of the actual Excess Operating
Expenses is in excess of the amount actually paid by Tenant for the prior year, Tenant shall pay the amount of such excess to Landlord as Additional Rent within thirty (30) days following the date of such statement. If Tenant’s Proportionate
Share of actual Excess Operating Expenses is less than the amount of Tenant’s actual payments for estimated Operating Expenses, then Landlord shall apply the overpayment to Tenant’s next Rent payment(s), as and when due. 
  

 7 

 4.5 Payment Following Lease Expiration. If an Operating Year ends after the expiration or
termination of this Lease, Tenant shall pay the Additional Rent in respect thereof payable under this Section within ten (10) days of Tenant’s receipt of the Operating Statement for such Operating Year. 
  
 5. Use. 
  
 5.1 General 
  
 5.1.1 Tenant shall use and occupy the Premises continuously during the term of this Lease for uses specified in the summary of Basic Lease Terms preceding
this Lease. 
  
 5.1.2 If any governmental license or permit, other
than a Certificate of Occupancy, shall be required for the proper and lawful conduct of Tenant’s business in the Premises, Tenant, at its expense, shall procure, maintain and comply with the terms and conditions of each such license or permit.
Tenant shall, at Tenant’s expense, comply with all laws and requirements of public authorities relating to Tenant’s use and occupancy of the Premises and shall observe the Rules and Regulations as may be adopted pursuant to Section 5.4
hereof of which Landlord notifies Tenant from time to time for the safety and general order of the Premises and the Building. 
  
 5.2 Negative Covenants as to Use. Tenant shall not, without the prior written consent of Landlord, use any apparatus, machinery or device in or
about the Premises that will cause any substantial noise, vibration, fumes or electronic interference Tenant shall not at any time use or occupy, or suffer or permit anyone to use or occupy the Premises, or permit anything to be done in the
Premises, in any manner that: (a) violates the Certificate of Occupancy for the Premises or for the Building, or provisions of zoning laws or ordinances, or use permits, applicable to the Building; (b) causes injury to the Premises or the Building
or any equipment, facilities or systems therein; (c) constitutes a violation of the laws or requirements of any public authorities or the requirements of insurance bodies, or the requirements of any restrictive covenants of record; (d) involves
gambling in any form, or the use of lottery, gaming or arcade devices, (e) involves the sale, rental or viewing of pornographic, obscene or “adult materials,” or involves adult entertainment of any kind, (f) otherwise impairs the
character, reputation or appearance of the Building as a first-class office building; (e) impairs the proper and economic maintenance, operation and repair of the Building and/or its equipment, facilities or systems; or (f) annoys or inconveniences
other tenants or occupants of the Building. 
  
 5.3 Hazardous
Substances. 
  
 5.3.1 Tenant Shall Not Permit Hazardous
Substances Upon the Premises. Tenant will not itself, and will not suffer or permit its employees, agents, contractors or invitees in or about the Premises or Building to use, generate, process, store, transport, handle, or dispose of, on,
under, in, or from the Premises, the Building or the Land, any Hazardous Substances (as that term is defined in Section 5.3.4, below) in quantities or concentrations that exceed amounts allowed by, or in a manner that fails to comply with,
applicable law. 
  
 5.3.2 Notification. Tenant shall
immediately notify Landlord should Tenant (a) become aware of the existence of any Hazardous Substance on the Premises or the Building, 
  

 8 

 (b) receive any notice of, or become aware of, any actual or alleged violation with respect to the Premises or Building
of any federal, state, or local statute, ordinance, rule, regulation, or other law pertaining to Hazardous Substances, or (c) become aware of any lien or action with respect to any of the foregoing. Tenant shall deliver to Landlord, promptly upon
receipt, (i) copies of any documents received from the United States Environmental Protection Agency (“EPA”) and/or any state, county, or municipal environmental or health agency concerning Tenant’s ownership, use, or operations upon
or in connection with the Premises; and (ii) copies of any documents submitted by Tenant to the EPA and/or any state, county, or municipal environmental or health agency concerning the Premises. 
  
 5.3.3 Inspection and Remedial Action. Landlord is hereby authorized to
enter the Premises thereon at reasonable times, and after reasonable notice, for the purpose of inspecting the Premises, to ascertain Tenant’s compliance with all covenants made in this Section. Upon Landlord’s written request (a) Tenant,
through professional engineers approved by Landlord and at Tenant’s cost, shall thoroughly investigate suspected Hazardous Substances contamination of the Premises occurring after the Commencement Date, or of the Building or Land and caused by
a breach of Tenant’s covenant at Section 5.3.1, and (b) Tenant shall forthwith take such remedial action with respect to any such contamination as may be necessary to ensure that no such Hazardous Substances are present on the Premises or in
the groundwater of the Premises, Building or Land in quantities or concentrations that exceed amounts allowed by applicable law. Tenant’s obligations under this Section shall arise upon Landlord’s demand as provided herein, regardless of
whether the EPA or any other federal, state, or local agency or governmental authority has taken or threatened any action in connection with the presence of any Hazardous Substance on, or release of any Hazardous Substance from, the Premises,
Building or the Land. If Tenant shall fail promptly to discharge its obligations under this Section, Landlord may, at its election, but without the obligation to do so, cause such investigation to be made or remedial action to be taken and/or take
any and all other actions that Landlord may deem necessary or advisable to protect its interests or to avoid or minimize its liability for the existence of Hazardous Substances on the Premises, the Building or the Land, or for a release thereof from
the Premises, the Building or Land. All amounts expended by Landlord under this Section shall be payable by Tenant to Landlord upon demand. 
  
 5.3.4 Definition of Hazardous Substance(s). The term “Hazardous Substance” shall mean: 
  
 (a) “Hazardous substances”, as defined by 40 CFR Part 302;

  
 (b) “Extremely hazardous substance”, as defined by
40 CFR Part 355; 
  
 (c) “Toxic chemicals”, as defined
by 40 CFR Part 372; 
  
 (d) “Hazardous chemical” as
defined by 29 CFR § 1910.120, to the extent it is included in the employer’s written Hazard Communication Program or in Material Safety Data Sheets that are located on site; 
  
 (e) “Hazardous Waste” as defined by applicable administrative
rules; 
  
 (f) Petroleum, including crude oil and any fraction
thereof; and 
  
 (g) Any material that contains more than 1% of
asbestos. 
  

 9 

 5.3.5 Survival. Tenant’s covenants set forth in this Section 5.3 shall survive the
termination of the Lease or any transfer by Tenant, by assignment or otherwise, of any or all right, title, or interest of Tenant in the Premises. 
  
 5.4 Rules and Regulations. Tenant and its employees and agents shall faithfully observe and comply with, and Tenant shall cause its invitees and
licensees to observe and comply with, the rules and regulations attached as Exhibit D and with such changes therein as Landlord may from time to time make and of which Landlord has notified Tenant (the “Rules and Regulations”). Landlord
shall not be liable to Tenant for violation of the Rules and Regulations by any other tenant or such other tenant’s employees, agents, invitees or licensees. 
  
 6. Condition of Premises, Maintenance and Repair. 
  
 6.1 Tenant’s Acceptance. By taking possession of the Premises on the Commencement Date, Tenant shall be deemed
to have accepted the Premises AS IS, and as being in good, sanitary and working order, condition, and repair. 
  
 6.2 Tenant’s Maintenance Obligations. Tenant, at its expense, shall be responsible for maintaining and providing janitorial service to the
Premises, and maintaining the fixtures and improvements in the Premises, and Tenant’s Property (defined at Section 9.2), except for the maintenance of structural elements of the Building included in the Premises, lighting, plumbing, mechanical,
and electrical systems which shall be maintained by Landlord and the cost of which shall be a Operating Expense. Tenant, at its expense, shall promptly replace all scratched, damaged or broken doors and glass in and about the Premises and shall be
responsible for all repairs, maintenance and replacement of millwork, cabinets, wall and floor coverings in the Premises. Tenant shall be responsible for all repairs, interior and exterior, structural and non-structural, ordinary and extraordinary,
in and to the Premises and the Building and the facilities and systems thereof, the need for which arises out of the performance or existence of Tenant Improvements (defined at Section 7.1); the installation, use or operation of Tenant’s
Property in the Premises; the moving of Tenant’s Property in or out of the Building; or the act, omission, misuse or neglect of Tenant or any of its subtenants or its or their employees, agents, contractors or invitees. Tenant shall promptly
report to Landlord any damage or injury occurring on or to the Premises or the Building. 
  
 6.3 Manner. Tenant shall promptly make, at Tenant’s expense, all repairs in or to the Premises and the Building for which Tenant is responsible. Such work shall be performed only by contractors approved by
Landlord. Any such repairs in or to the Building and the facilities and systems thereof for which Tenant is responsible may, at Landlord’s election be performed by Landlord at Tenant’s expense, and Landlord may, at its option before
commencing any such work or at any time thereafter, require Tenant to furnish to Landlord such security, bond or surety in a form and amount as Landlord shall reasonably deem necessary to assure the payment for such work by Tenant. 
  
 6.4 Janitorial Services. Landlord shall provide routine janitorial
services to the Building, but not to the Premises, of a standard that is substantially equivalent to the services provided in similar buildings in the County and State metropolitan area, and in accordance with the Standards for Utilities and
Services attached as Exhibit F. Such services shall be provided at Landlord’s cost and expense, but such cost and expense shall be an Operating Expense. 
  
 6.5 Landlord’s Maintenance and Repair Obligations. Landlord shall cause to be made all structural repairs to the roof, walls and foundations
of the Building as and when needed in or about the Premises and the cost thereof shall be an item of Operating Expenses as defined in Section 3.1 hereof, except for those repairs for which Tenant is responsible pursuant to any of the provisions of
this Lease. 
  

 10 

 6.6 Waiver. Landlord shall have no liability to Tenant, nor shall Tenant’s covenants and
obligations under this Lease be reduced or abated in any manner whatsoever, by reason of any inconvenience, annoyance, interruption of or injury to Tenant’s business arising from Landlord’s making any repairs or changes that Landlord is
required or permitted by this Lease or required by law to make in or to any portion of the Building or the Premises, or in or to the fixtures, equipment or appurtenances of the Building or the Premises. Landlord shall have no liability to Tenant nor
shall Tenant’s covenants and obligations under this Lease be reduced or abated in any manner whatsoever, by reason of any act or failure to act of any security personnel or mechanism used in the Building, or by reason of any lack of security in
the Building. To the fullest extent permitted by applicable law, Tenant hereby waives any and all rights under any law in existence during the Term that is inconsistent with the provisions of this Section 6.6 including, without limitation, any right
arising under any law purporting to authorize a tenant to make repairs at the expense of a landlord or to terminate a lease. 
  
 6.7 End of Term. Upon termination of this Lease for any reason whatsoever Tenant will peacefully surrender to Landlord the entire Premises,
together, subject to the provisions of Section 7.5, with all improvements, changes, alterations and replacements thereto, in good order, condition and repair, but in any event with all windows, walls, floors, and carpets cleaned, all equipment in
good working order, and the Premises restored to their original condition as of the Commencement Date, ordinary wear and tear excepted. Upon such termination, Tenant shall have the right to remove Tenant’s Property, as provided at Section 9.2.

  
 7. Tenant Alterations. 
  
 7.1 Landlord’s Consent. Tenant shall make no alterations,
additions, or improvements in or to the Premises (herein, “Tenant Improvements”) without Landlord’s prior written consent, to be granted or withheld pursuant to Sections 7.2 and 7.3 below, and, if such consent is granted, then only
contractors or mechanics that are approved by Landlord shall effect such Tenant Improvements. 
  
 7.2 Procedure for Approval. If Tenant wishes to make any Tenant Improvements to the Premises that either (a) are of a structural nature, or (b) involve a cost greater than $2,500.00, or (c) involve the roof,
foundation, exterior walls or interior load- bearing walls of the Building, Tenant shall submit to Landlord, for Landlord’s written approval, a written description of the Major Work that Tenant proposes to perform together with detailed plans
and specifications for such Major Work. If Tenant wishes to make any alterations, additions, or improvements to the Premises that do not constitute Major Work, Tenant shall submit to Landlord, for Landlord’s written approval, a written
description of such work. Reference herein to “structural work” or “work of a structural nature” shall have the meaning that such terms normally connote in the construction industry. By way of example, alteration of interior
non-load bearing walls and partitions, alteration of ceilings, installation of wall coverings, painting, installation of rugs, and similar work shall not be deemed to constitute structural work; alteration to any exterior wall, load bearing wall,
roof, plumbing system, heating, ventilation, and air conditioning system or similar work shall be deemed to be of a structural nature. 
  
 7.3 Standard for Approval. Landlord’s approval of proposed work shall not be unreasonably withheld or delayed if such work (a) does not
adversely affect, in Landlord’s judgment, the appearance of the Premises and/or Building or the value of the Premises and/or Building, (b) does not adversely affect, in Landlord’s judgment, Landlord’s ability to release the Premises,
(c) does not affect the structural 
  

 11 

 integrity of the Building or its systems, (d) conforms to the requirements of all building codes and any other applicable
laws and regulations, and (e) can be performed and completed without disrupting the business or operation of the Building or of any other tenant of the Building. Tenant’s failure to obtain Landlord’s prior written consent to any proposed
work shall constitute an Event of Default hereunder. 
  
 7.4
Compliance with Laws. All work done by Tenant shall be performed in full compliance with all laws, rules, orders and ordinances. Without limiting the generally of the foregoing: (a) Tenant, at its expense, shall obtain all necessary
governmental permits and certificates for the commencement and prosecution of Tenant Improvements and for final approval thereof upon completion, and shall cause the Tenant Improvements work to be performed in compliance with all such permits and
certificates, applicable laws and requirements of public authorities and with all applicable requirements of insurance, and (b) Tenant shall be responsible for assuring that the Premises complies with any and all requirements of the Americans with
Disabilities Act and any other Federal, state or local governmental agency requirements relating to Tenant’s specific use of the Premises or Tenant’s business operation. Landlord’s approval or consent to any proposed work shall be
deemed a waiver of, or an opinion respecting, the compliance of the proposed work with the requirements of this Section 7.4. 
  
 7.5 Title to Improvements. All Tenant Improvements upon the Premises, including (without limiting the generality of the foregoing) all wall
covering, built-in cabinet work, paneling, and the like shall, unless Landlord elects otherwise in writing, be the property of Landlord, and shall remain upon and be surrendered with the Premises as a part thereof at expiration or earlier
termination of this Lease, except that Landlord may, by written notice to Tenant, require Tenant, at Tenant’s cost, (a) to remove any or all Tenant Improvements, and (b) to repair all damage resulting from such removal. If Tenant fails to
perform the foregoing, Tenant shall pay to Landlord all costs arising from Landlord’s performance of the same, which shall be due and payable upon Landlord’s demand. 
  
 7.6 Schedule/Manner of Work. All of Tenant’s contractors, suppliers, workmen, and mechanics for any Tenant
Improvements shall comply with such rules and conditions as Landlord may reasonably impose from time to time, which rules and conditions shall be enforced by Tenant at the discretion of Landlord. At any time any contractor, supplier, workman, or
mechanic performing construction of any Tenant Improvements performs any work that may or does impair the quality, integrity, or performance of any portion of the Building, Tenant shall cause such contractor, supplier, workman, or mechanic to leave
the Building and remove all his tools, equipment, and materials immediately upon written notice delivered to Tenant and Tenant shall reimburse Landlord for any repairs or corrections of any portion of the building caused by or resulting from the
work of any contractor, supplier, workman, or mechanic performing any Tenant Improvements work. The quality of all Tenant Improvements to or involving structural, electrical, mechanical, life/safety, energy management, or plumbing systems in the
Premises shall be at least equal to the quality of such systems as on the Commencement Date. In the event of any labor disturbance caused by persons employed by Tenant or Tenant’s contractor, Tenant shall immediately take all actions necessary
to eliminate such disturbance in connection with the construction of the Tenant Improvements. 
  
 7.7 Debris. Tenant will cause construction of any Tenant Improvements to be accomplished in a neat, clean, and workmanlike manner. Tenant shall not permit any trash, rubbish, or debris to accumulate in the
Premises or the Building, and Tenant shall remove or cause to be removed all such trash, rubbish, and debris from the Premises and the Building and on a timely basis. Tenant shall be responsible for any additional costs incurred by Landlord for
cleaning the Building or any portion thereof, and for removing any trash, rubbish, or debris therefrom to the extent caused by Tenant’s construction of the Tenant Improvements. 
  

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 7.8 Right of Entry/Inspection. At all times during the period of construction of any portion of
any Tenant Improvements, Landlord and Landlord’s architects and engineers shall have the right to enter upon the Premises to inspect the work of construction and the progress thereof. Tenant shall not close any work affecting any portion of the
life safety, heating, ventilation, and air conditioning, plumbing, or electrical systems in the Premises or building until the same has been inspected and approved by Landlord’s engineers. No inspection or approval by Landlord’s engineers
of any such work shall constitute an endorsement thereof or any representation as to the adequacy thereof for any purpose or the conformance thereof with any governmental ordinances, codes, or regulations, and Tenant shall be fully responsible and
liable therefor. 
  
 7.9 Insurance. In addition to the
insurance requirements set forth in Section 8, during the period of construction of any Tenant Improvements, Tenant and Tenant’s general contractor shall maintain worker’s compensation, builder’s all-risk and public liability
insurance, and such other insurance as Landlord may reasonably require in amounts satisfactory to Landlord. All policies shall have such coverage limits, and be underwritten by such companies, as Landlord shall approve, and shall name Landlord as an
additional insured thereunder. Before the commencement of construction of any Tenant Improvements, Tenant and Tenant’s general contractor must deliver certificates of all such insurance policies and such insurance policies must be approved by
Landlord. 
  
 7.10 Non-Responsibility of Landlord. Tenant
hereby acknowledges that Landlord shall have no responsibility whatsoever for the construction of any Tenant Improvements or for any defects therein. Tenant shall notify Landlord in writing no less than ten (10) days before the commencement of
construction of any Tenant Improvements in order to afford Landlord an opportunity to post and record appropriate notices of non-responsibility. Tenant, at its expense, shall procure the cancellation or discharge of all notices of violation arising
from or other connected with Tenant Improvements work, or any other work, labor, services or materials done for or supplied to Tenant, or any other person claiming through or under Tenant, in or about the Premises or Building. Tenant shall defend,
indemnify and save harmless Landlord and any mortgagee from and against any and all mechanics and other liens and encumbrances filed in connection with the Tenant Improvements work, or any other work, labor, services or materials done for or
supplied to Tenant, or any person claiming through or under Tenant, in or about the Premises or Building. Tenant, at its expense, shall procure the satisfaction or discharge of record of all such liens and encumbrances of record within fifteen (15)
days after the filing thereof; provided, Tenant may contest, in good faith and at its own expense, any notice of violation, or lien, provided Tenant posts for the protection of Landlord security in an amount and form acceptable to Landlord.

  
 8. Liability and Insurance. 
  
 8.1 Action by Tenant. Further to Section 5.2, Tenant shall not do, or
permit anything to be done, or keep or permit anything to be kept in the Premises that would subject Landlord to any liability or responsibility for personal injury, death or property damage, or that would increase insurance rates in respect of the
Land, Building or the property therein over the rates that would otherwise then be in effect or that would result in insurance companies of good standing refusing of insure the Building or the property therein in amounts satisfactory to Landlord, or
that would result in the cancellation of or the assertion of any defense by the insurer in whole or in part to claims under any policy of insurance in respect of the Land, Building or the property therein. If, by reason of any failure of Tenant to
comply with the provisions of Section 5 or this Section 8.1, the premiums on Landlord’s insurance on the Building and/or property therein shall be higher than they otherwise would be, Tenant shall reimburse Landlord, on demand, for that part of
such premiums attributable to such failure on the part of Tenant. 
  

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 8.2 Landlord’s Insurance. Landlord shall procure and maintain at all times during the Term of
this Lease a policy or policies of insurance covering loss or damage to the Premises in the amount of the full replacement value thereof (exclusive of Tenant’s trade fixtures, non-standard tenant improvements, equipment and personal property),
providing protection against all perils included within the classification of fire, extended coverage, all risk of loss as it relates to the standard insuring clause, loss of rental income, Landlord’s risk liability coverage, and to the extent
any mortgagee of the Building may require or as Landlord may deem prudent, coverage against such other hazards that are then commonly insured against for similar properties. Such insurance shall provide for payment of loss thereunder to Landlord
and/or the holder of any mortgages or deeds of trust or real estate contracts on the Land and/or Building. 
  
 8.3 Waiver of Subrogation. Each party hereby releases the other party and its agents and employees in respect of any claim that the releasing party
might otherwise have against the other party or its agents or employees for, and waives any right of subrogation in respect of, loss, damage or other casualty occurring during the term of this Lease and normally covered under a fire insurance policy
with extended coverage endorsement in the form normally used in respect of similar property in the County and the State. Tenant shall secure an appropriate clause in, or an endorsement upon, each insurance policy obtained by it and covering or
applicable to the Premises or the personal property, fixtures and equipment located therein, pursuant to which the insurance company waives subrogation or permits the insured, prior to any loss, to make the waiver set forth in the first sentence of
this Section 8.3, without invalidating the coverage under the insurance policy. The waiver of subrogation or permission for waiver of any claim shall extend to Landlord and its agents and employees. 
  
 8.4 Commercial General Liability Insurance. Tenant, at its expense,
shall procure and maintain at all times during the Term and at anytime prior to the Term that Tenant is given possession of the Premises, commercial general insurance in respect of the Premises and the conduct or operation of business therein, with
Landlord, Landlord’s Operating Manager and Landlord’s managing agent, if any, and any mortgagee whose name and address shall previously have been furnished to Tenant, as additional named insureds, with limits of not less than $1,000,000
for bodily injury or death to any one person and $3,000,000 for bodily injury or death to any number of persons in any one occurrence, and $1,000,000 for property damage. All such insurance shall insure the performance by Tenant of the indemnity
agreement as to liability for injury to, illness of, or death of persons and damage to property set forth in Section 17.2. 
  
 8.5 Tenant’s Fire and All Risk Coverage Insurance. Tenant shall also at its own expense maintain, during the Term, and at any time prior to
the Term that Tenant is given possession of the Premises, insurance covering its furniture, fixtures, equipment, and inventory in an amount equal to not less than one hundred percent (100%) of the full replacement value thereof and insuring against
fire and all risk perils coverage as provided by a standard all risk coverage endorsement and the plate glass and all other glass is the responsibility of the Tenant in the event of breakage from any cause. 
  
 8.6 Insurance Policies. All insurance policies required to be carried
by Tenant hereunder shall name Landlord as additional insured and shall be with companies and with loss-payable clauses satisfactory to Landlord, and certified copies or originals of policies or certificates evidencing such insurance shall be
delivered to Landlord by Tenant prior to Tenant commencing occupancy and thereafter within thirty (30) days prior to each renewal thereof. Such certificate shall be from a company holding a “Best’s Rating” of at least A: Class IX,
shall indicate that the insurance policy is in full force and effect, and that the policy bears an endorsement that the same not be canceled or 
  

 14 

 amended unless thirty (30) days prior written notice by U.S. Certified Mail of the proposed cancellation or amendment has
been given to Landlord and any mortgagee of which Landlord has given Tenant notice prior to the date of such certificate. Each of said certificates of insurance and each such policy of insurance required to be maintained by Tenant hereunder shall
expressly evidence insurance coverage as required by the Lease. All such policies shall be written as primary policies not contributing with and not in excess of coverage which Landlord may carry, and shall not have a “deductible” in
excess of a commercially reasonable amount approved in advance by Landlord. 
  
 8.7 Increase in Coverage. Landlord may from time to time require that the amount of public liability insurance to be maintained by Tenant under Section 7.4 be increased to an amount determined by Landlord to be
necessary to adequately protect Landlord’s interest. Upon receipt by Tenant of a notice from Landlord stating the increased amount of insurance, Tenant shall thereafter carry the insurance as set forth in such notice. In no event shall the
amount of public liability insurance to be carried by Tenant by less than the amount specified in Section 7.4. 
  
 9. Landlord’s Property, Tenant’s Property 
  
 9.1 Landlord’s Property. All fixtures, equipment, improvements and appurtenances attached to or built into the Premises, whether or not by or at the expense of Tenant, shall be and remain a part of the
Premises, shall be deemed the property of Landlord and shall not be removed by Tenant, except as provided in Section 7.5. Any carpeting or other personal property in the Premises on the Commencement Date shall be and remain Landlord’s property
and shall not be removed by Tenant; provided, that at Landlord’s written request, Tenant shall, at its sole expense upon termination of the Lease and in accordance with, and subject to the provisions of, Section 7.5, remove those items
specified by Landlord, including any or all fixtures, equipment, improvements, appurtenances and other personal property, that are deemed herein the property of Landlord. 
  
 9.2 Tenant’s Property. All unattached business and trade fixtures, machinery and equipment, communications
equipment and office equipment that are installed in the Premises by or for the account of Tenant without expense to Landlord and that can be removed without structural damage to the Building and all furniture, furnishings (excluding window
coverings) and other articles of movable personal property owned by Tenant and located in the Premises (together, the “Tenant’s Property”) shall be and remain the property of Tenant and may be removed by Tenant at any time during the
term of this Lease; provided, that if any of Tenant’s Property is removed, Tenant shall repair or pay the cost of repairing any damage to the Premises or to the Building resulting from the installation and/or removal thereof. Any equipment or
other property for which Landlord shall have granted any allowance or credit to Tenant shall not be deemed to have been installed by or for the account of Tenant without expense to Landlord, shall not be considered Tenant’s Property, and shall
be deemed to be the property of Landlord. 
  
 9.3 Removal.
At or before the Expiration Date of this Lease, or any earlier termination of this Lease, Tenant, at its expense, shall remove from the Premises all of Tenant’s Property (except such items thereof as Landlord shall have expressly permitted to
remain, which property shall become the property of Landlord), and Tenant shall repair any damage to the Premises or the Building resulting from any installation and/or removal of Tenant’s Property. 
  
 9.4 Abandonment. In addition to Landlord’s rights at Section
18.2.1, any items of Tenant’s Property that shall remain in the Premises after the Expiration Date of this Lease, or any earlier termination of this Lease, at the option of Landlord, may, at Landlord’s election, be deemed to have been
abandoned, and in such case such items may be retained by Landlord, and Landlord may deal with Tenant’s Property in such manner as Landlord shall determine, at Tenant’s expense. 
  
  

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 10. Holding Over. If Tenant holds over after the Expiration Date or earlier termination of the Term without the
express written consent of Landlord, Tenant shall become a tenant at sufferance only, at a rental rate equal to two hundred percent (200%) of the Base Rent in effect upon the date of such expiration or termination (prorated on the basis of a
thirty-day month and actual days elapsed), and otherwise subject to the terms, covenants, and conditions herein specified, so far as applicable. Acceptance by Landlord of rental after such expiration or earlier termination shall not result in a
renewal of extension of this Lease. The foregoing provisions of this Section 10 are in addition to and do not affect Landlord’s right of re-entry or any rights of Landlord hereunder or as otherwise provided by law. 
  
 11. Electric Energy 
  
 11.1 High Voltage Equipment. Tenant shall not, without the prior written consent of Landlord, use any equipment,
machine, apparatus or device within the Premises, such as data processing units, punch card machines or any other specialty equipment, that individually uses electricity in excess of 110 volts. 
  
 11.2 Cost of Increasing Capacity. Tenant shall not, without
Landlord’s prior written consent (which Landlord may give or withhold in its sole discretion) install or use equipment, machinery or other apparatus in the Premises that have electrical requirements that exceed the electrical load capacity of
the Premises existing on the Commencement Date. Should Landlord consent to installation or use of any such equipment, machine or apparatus, the additional equipment required to increase the electrical capacity of the Premises to accommodate such
installation and usage shall be provided by Landlord at Tenant’s expense. Tenant shall, prior to purchase and installation thereof, pay to Landlord the cost to purchase, install, service and maintain such additional equipment. The cost of the
electric energy used on the Premises in excess of the original design load for the Premises as determined by Landlord and its engineers and consultants shall be an Operating Expense allocable in full to Tenant. 
  
 11.3 Light Fixtures. Landlord shall attend to any replacement of
electric light bulbs, tubes and ballasts in the Premises throughout the term of this Lease. Landlord may adopt a system of relamping and reballasting periodically on a group basis in accordance with generally accepted management practice. The
expenses associated with relamping and reballasting shall be an item of Operating Expenses. 
  
 12. Climate Control. Landlord shall maintain and operate the heating, ventilating and air-conditioning systems serving the Premises and shall furnish heat, ventilating and air-conditioning in the Premises, the
expense of which shall be included as an Operating Expense (except as otherwise provided in the Standards for Utilities and Services attached as Exhibit F or elsewhere in this Lease, and except for any special requirements of Tenant for its
particular use of the Premises) for occupancy of the Premises during Business Hours of Business Days. As used herein, and unless otherwise stated in the Rules and Regulations “Business Hours” shall mean generally customary daytime business
hours, but not before 7:00 a.m. or after 6:00 p.m. on weekdays and note before 8:00 a.m. or after 1:00 p.m. on Saturdays, and “Business Days” shall mean all days except Sundays, and days observed by the Federal or the State government as
legal holidays. If Tenant shall require heat or air-conditioning service at any other time, Landlord shall furnish such service subject to such terms and conditions including cost reimbursement, as Landlord may from time to time prescribe in the
Rules and Regulations. 
  

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 13. Signs, Displays, Auctions, and Sales. 
  
 13.1 General. Tenant shall not place or suffer to be placed on the exterior walls or windows of the Premises or upon
the roof or any exterior door or wall or on the exterior or interior of any window thereof any sign, awning, canopy, marquee, advertising matter, decoration, picture, letter or other thing of any kind without the prior written consent of Landlord.
If Tenant shall install any sign without Landlord’s consent, Landlord shall have the right and authority without liability to Tenant to enter upon the Premises, remove and store the subject sign and repair at Tenant’s cost all damage
caused by the removal of the sign. 
  
 13.2 Tenant’s
Interior Signs. Tenant shall have the right, as its sole cost and expense, to erect and maintain within the interior of the Premises all signs and advertising matter customary or appropriate in the conduct of Tenant’s business; provided,
however, that Tenant shall upon demand of Landlord immediately remove any sign, advertisement, decoration, lettering or notice which Tenant has placed or permitted to be placed in, upon or about the Premises and that Landlord reasonably deems
objectionable or offensive, and if Tenant fails or refuses to so do, Landlord may enter upon the Premises and remove the same at Tenant’s cost and expense. In this connection, Tenant acknowledges that the Premises are a part of an integrated
business environment, and that control of all signs by Landlord is essential to the maintenance of uniformity, propriety and the aesthetic values in or pertaining to the Building. 
  
 13.3 Displays. Tenant may not display or sell merchandise or allow carts or other similar devices within the control
of Tenant to be stored or to remain outside the defined demising walls and permanent doorways of the Premises. Tenant shall not install any exterior lighting, amplifiers, or similar devices or use in or about the Premises such items as flashing
lights, searchlights, loudspeakers, phonographs or radio broadcasts, nor make, or allow to be made, any odor or excessive noise in or around the Premises. No advertisement or sound of advertising shall be permitted to be heard outside of the
Premises. 
  
 13.4 Auctions. Tenant shall not conduct or
permit to be conducted any sale by auction upon or from the Premises, whether said auction be voluntary, involuntary, pursuant to any assignment for the payment of creditors or pursuant to any bankruptcy or other insolvency proceeding. No auction,
fire, bankruptcy, “going out of business” or other distress sales of any nature may be conducted on the Premises without prior written consent of Landlord, which consent may be conditioned as Landlord deems appropriate. 
  
 14. Access and Control of Premises. 
  
 14.1 Access to Premises. Landlord shall have access to the Premises
at all reasonable times to: (a) inspect the Premises; (b) exhibit the Premises to prospective purchasers, lenders or tenants; (c) determine whether Tenant is complying with its obligations hereunder; (d) supply any service to be provided by Landlord
to Tenant hereunder; (e) post notices of non-responsibility; (f) make repairs required of Landlord hereunder or repairs to any adjoining space or utility services or make repairs, alterations or improvements to any other portion of the Building,
provided, however, that all such work shall be done in a commercially reasonable and prompt manner, or (g) exercise any of its rights hereunder including, without limitation, its cure rights under Section 17.1. Landlord may, in order to carry out
such purposes, erect scaffolding and other necessary structures where reasonably required by the character of the work to be performed, and during the course of work being performed keep and store upon the Premises all necessary material, supplies,
and equipment, provided that the business of Tenant shall be interfered with as little as is reasonably practicable. For each of the aforesaid 
  

 17 

 purposes, Landlord shall at all times have and retain a key with which to unlock all of the doors in, upon and about the
Premises, excluding Tenant’s vaults and safes, if any. No additional locks shall be placed by Tenant upon any doors in the Premises and if more than two keys for any lock are desired, such additional keys shall be paid for by Tenant. All keys
shall be duplicated only by Landlord, and under no circumstance shall Tenant cause any key to be duplicated. Landlord shall have the right to use any and all means which Landlord may deem proper to open said doors in an emergency or in retaking
possession in order to obtain entry to the Premises, and any entry to the Premises obtained by Landlord by any said means, or otherwise, shall not under any circumstance be construed or deemed to be a forcible or unlawful entry into, or a detainer
of, the Premises, or an eviction of Tenant from the Premises or any portion thereof, and any damages caused on account thereof shall be paid by Tenant. 
  
 14.2 Waiver in Connection with Landlord’s Entry. Tenant hereby waives any claim against Landlord for damages for any injury or inconvenience
to or interference with Tenant’s business, any loss of occupancy or quiet enjoyment of the Premises or any other loss occasioned by entry on the Premises in accordance with any provision of this Lease except to the extent caused by the
negligence or intentional misconduct of Landlord. 
  
 14.3
Building Changes. Landlord reserves the right, at any time, without incurring any liability by Tenant therefor, and without affecting or reducing any of Tenant’s covenants and obligations hereunder, to make such changes, alterations and
improvements in or to the Building and the fixtures and equipment thereof, as well as in or to the doors, halls, passages, elevators, escalators and stairways thereof, and other public parts and common areas of the Building and Land, as Landlord
shall reasonably deem necessary or desirable, including the temporary or permanent closure or inoperability. Landlord reserves the right, and Tenant shall permit Landlord, to install, erect, use and maintain pipes, ducts and conduits in and through
the Premises, so long as the installation and maintenance thereof do not detract from the use or appearance of the Premises. 
  
 15. Damage or Destruction. 
  
 15.1 Rights and Obligations. 
  
 15.1.1 Obligation to Rebuild. If rentable area of the Building, or any portion thereof, is damaged, destroyed, or rendered untenantable due to fire
or other casualty (which is not due to the fault or negligence of Tenant or its agents, employees, or invitees and is not due to-any default by Tenant), and if 
  

(a) the damage or destruction does not exceed twenty-five percent (25%) of the insurable value of the Building, 
  
 (b) the Building is capable of being repaired, reconstructed or restored
within a period of ninety (90) days from commencement of such work, and 
  
 (c) Landlord will receive insurance proceeds sufficient to cover the cost of such repairs, reconstruction or restoration, 
  
 then Landlord shall be obligated to restore the Building to a condition reasonable comparable to its condition prior to such casualty. In such event, this Lease shall
remain in full force and effect, Rent shall be adjusted pursuant to Section 15.2, Landlord will commence restoring that portion of the Building so damaged as soon as commercially practicable, and will diligently complete the restoration. 

 

 18 

 15.1.2 Right to Terminate. In the case of a casualty loss not described in Section 15.1.1, then
within 60 days after such a casualty Landlord shall have the right to elect either to terminate this Lease or to restore the Building. Landlord shall make its election by written notice to Tenant within such 60 day period of time. If Landlord elects
to terminate this Lease, the termination shall be effective 30 days after receipt of the notice by Tenant. If Landlord does not elect to terminate this Lease, then Rent shall be abated in accordance with Section 15.2 and Landlord shall restore the
Building in accordance with the requirements of Section 15.1.1. 
  
 15.1.3 Tenant’s Property. If Landlord undertakes to repair the Building after an event of casualty, such restoration shall not include replacement of furniture, equipment or other items designated as Tenant’s Property
herein. 
  
 15.1.4. Late Term Casualty. Regardless of
Sections 15.1.1 and 15.1.2, if the casualty loss occurs within the last two (2) years of the Term, then, regardless of the extent of the damage, Section 15.1.2 shall establish the rights and obligations of Landlord and Tenant. 
  
 15.2 Rent Abatement. If all or part of the Premises shall be damaged
or destroyed or rendered untenantable as a result of fire or other casualty, not caused by Tenant, its agents, employees or invitees, the Base Rent shall be abated or reduced based on the number of square feet of space rendered untenantable and
Additional Rent provided herein shall be abated or reduced, as the case may be, in the proportion that the untenantable area of the Premises bears to the total area of the Premises, for the period from the date of the damage or destruction to the
date the damage to the Premises shall be substantially repaired, or the date on which Tenant again uses the untenantable portion, whichever first occurs. 
  
 15.3 Interference with Tenant’s Business. Tenant shall not be entitled to terminate this Lease and no damages, compensation or claim shall be
payable by Landlord for inconvenience, loss of business or annoyance arising from any repair or restoration of any portion of the Premises or of the Building pursuant to this Section 15. The provisions of this Lease, including this Section 15,
constitute an express agreement between Landlord and Tenant with respect to any and all damage to, or destruction of, all or any part of the Premises or any other portion of the Building, and any applicable State, federal or local law or ordinance
with respect to any rights or obligations concerning damage or destruction, whether now or hereafter in effect, shall have no application to this Lease or to any damage to or destruction of all or any part of the Premises or any other portion of the
Building. 
  
 15.4 Insurance on Tenant’s Property.
Landlord will not carry insurance of any kind on Tenant’s Property, and, except as provided by law or by reason of Landlord’s breach of any of its obligations under this Lease, Landlord shall not be obligated to repair an damage to or
replace any improvements paid for by Tenant, or any of Tenant’s Property. If Landlord elects to restore the Premises as provided in this Section 15, Tenant shall use all proceeds from the insurance it carries on Tenant’s Property to
restore Tenant’s Property on the Premises. 
  
 16. Eminent Domain.

  
 16.1 Total Condemnation. If the whole of the Building
or the Premises shall be taken by condemnation or in any other manner for any public or quasi-public use or purpose, (including a sale under threat of condemnation) this Lease shall terminate as of the date of vesting of title on such taking (herein
called “Date of Taking”), and the Base Rent and Additional Rent shall be prorated and adjusted as Date of Taking. 
  

 19 

 16.2 Partial Condemnation. If a part of the Building or the Land shall be so taken, this Lease
shall be unaffected by such taking, except that: 
  
 16.2.1
Landlord’s Option to Terminate. Landlord may, at its option, terminate this Lease by giving Tenant notice to that effect within ninety (90) days after the Date of Taking; and 
  
 16.2.2 Tenant’s Option to Terminate. If twenty percent (20%) or more of the Premises shall be so taken and the
remaining area of the Premises shall not be reasonably sufficient for Tenant to continue feasible operation of its business, Tenant may terminate this Lease by giving Landlord notice to that effect within ninety (90) days after the Date of Taking.

  
 16.3 Effect of Termination or Continuation. This Lease
shall terminate on the date that such notice from the Landlord or Tenant to the other shall be given, and the Base Rent and Additional Rent shall be prorated and adjusted as of such termination date. Upon a partial taking this Lease shall continue
in force as to the remaining part of the Premises, and the Base Rent and Additional Rent shall be adjusted according to the rentable Area remaining. 
  
 16.4 Award. Landlord shall be entitled to receive the entire award or payment in connection with any taking without deduction therefrom for any
estate vested in Tenant by this Lease and Tenant shall receive no part of such award. Tenant shall have no claim against Landlord or the condemning authority for the unexpired portion of the Lease term. Nothing contained in this Section 16.4 shall
be deemed to prevent Tenant from making a claim in any condemnation proceeding for the value of any fixtures or furnishings installed by Tenant at its sole expense and which are included in the taking. 
  
 16.5 Temporary Taking. A temporary taking (or transfer in lieu
thereof) of any portion of the Premises by any authorized authority shall not cause a termination of this Lease, but Tenant shall be entitled to a rent reduction or abatement during the period its possession is interfered with because of any such
taking of the Premises. Such rent reduction or abatement shall equal the lesser of the Rent that would have been payable by Tenant during the period of such temporary taking or an amount equal to the award paid by the condemning authority for such
taking. If the taking is for a period of longer than one year, or for an indefinite period that extends beyond one year, either Landlord or Tenant may elect to terminate this Lease by notice to the other given within thirty (30) days after the event
giving rise to the right of termination. No temporary taking of the Land or of any portion of the Building not including the Premises shall give Tenant the right to any rent abatement, reduction, or lease termination. 
  
 17. Landlord’s Self-Help Rights; Liability and indemnification. 
  
 17.1 Landlord’s Right to Cure. If Tenant fails to pay or perform
any of its obligations under this Lease, Landlord may, without waiving or releasing Tenant from its obligations hereunder, but shall not be required to, pay or perform such obligations on Tenant’s behalf upon ten (10) days notice to Tenant
(except where, in Landlord’s opinion, an emergency exists, in which event no notice shall be required), and Tenant shall reimburse or pay promptly to Landlord the reasonable cost thereof as Additional Rent. “Reasonable cost,” as used
in this Section 17, means Landlord’s actual out-of-pocket costs to effect such cure plus twenty percent (20%) to cover overhead, administrative and collection charges. There shall be no abatement of Rent and no liability of Landlord by reason
of any injury to or interference with Tenant’s business arising from Landlord’s exercise of its rights under this Section 17.1. 
  

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 17.2 Tenant’s Indemnity. As between Landlord and Tenant, and except to the limited extent
otherwise provided in this Section 17.2, Landlord shall not be liable for injury to any person, or for the loss of or damage to any property (including property of Tenant) occurring in or about the Premises from any cause whatsoever. Tenant hereby
assumes all risk of damage to property or injury to persons in, upon or about the Premises, from any cause whatsoever except that which is caused by (i) the failure of Landlord to observe any of the terms and conditions of this Lease where such
failure has persisted for an unreasonable period of time after Tenant has given Landlord written notice of such failure, or (ii) the gross negligence or willful misconduct of Landlord. Tenant hereby indemnifies and holds Landlord harmless, and shall
defend Landlord, from and against any and all claims, charges, liabilities, obligations, penalties, causes of action, liens, damages, costs and expenses (including attorneys’ fees) arising, claimed, charged or incurred against or by Landlord
and arising from or in connection with: (a) Tenant’s use or occupancy of, or any activity, work or other thing done, permitted or suffered by Tenant on or about, the Premises, whether before, after or during the Term, (b) any breach or default
in the performance of any obligation on Tenant’s part to be performed under this Lease, or (c) any act or omission of Tenant, or any officer, contractor, agent, employee, guest, licensee, or invitee of Tenant. Such indemnification obligation
shall extend to all costs, attorneys’ fees, and liabilities incurred in connection with the defense of any such claim (including appeals and petitions for review) or any action or proceeding brought thereon. 
  
 17.3 Limit on Landlord’s Liability. Landlord and its agents shall
not be liable for any loss or damage to persons or property resulting from fire, explosion, falling plaster or other material, steam, gas, electricity, or from bursting, overflowing, or leaking of water, water or rain which may leak from or into any
part of the Premises or from pipes, appliances or plumbing works therein or from the roof, street or subsurface or from any other place, from dampness, from electrical wiring, circuitry, power surges, overloads, spiking or interruption of any kind,
from air conditioning equipment, or from gas or odors, sprinkler leakage, or from any other cause whatsoever, unless caused by or due to the gross negligence or willful misconduct of Landlord, its agents, invitees, servants or employees. Landlord
and its agents shall not be liable for interference with the light, air, or other incorporeal hereditaments or for any latent defect in or on the Premises or the Building. Tenant shall give prompt notice to Landlord in case of casualty or accidents
on or about the Premises. Landlord or its agents shall not be liable for any damage to property entrusted to employees of the Building or its management, nor for the loss of or damage to any property by theft or otherwise. 
  
 17.4 Defense of Claims. In case any action or proceeding shall be
brought against Landlord by reason of a claim covered by the provisions of Section 17.2, Tenant, upon notice from Landlord, shall defend the same at Tenant’s expense, by counsel approved in writing by Landlord. 
  
 18. Defaults and Remedies. 
  
 18.1 Events of Default. In addition to events described elsewhere in
this Lease as constituting a “default” or an “Event of Default,” the occurrence of any one or more of the following events shall constitute an Event of Default hereunder by Tenant: 
  
 (a) Tenant’s vacation or abandonment of the Premises: Abandonment is
herein defined to include, but is not limited to, failure to conduct its business at the Premises during any five (5) business-day period; 
  
 (b) Tenant’s failure to make any payment of Rent hereunder as and when due, where such failure shall continue for a period of three days after
Tenant’s receipt of written notice thereof; 
  

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 provided, that no such notice shall be required more frequently than once in any consecutive 12-month period and,
where no notice is required, an Event of Default shall arise automatically upon the due date for the payment of Rent; 
  
 (c) Tenant’s failure at any time to carry insurance, with the coverage and in the amounts, required to be carried pursuant to Sections 7.9, 8.4 and
8.5; 
  
 (d) Tenant’s failure to observe or perform any of
the other covenants or provisions of this Lease to be observed or performed by Tenant, where such failure shall continue for a period of five (5) days after written notice thereof from Landlord to Tenant (unless this Lease elsewhere provides that
such failure alone constitutes an Event of Default hereunder upon its occurrence). If the nature of Tenant’s default is such that more than 5 days are reasonably required for its cure, then an Event of Default shall not be deemed to occur if
Tenant shall commence such cure within said 5-day period and shall thereafter diligently prosecute such cure to completion, but in no event shall such default extend beyond thirty (30) days. Once notice of default has been given, no additional
notice shall be required in order for Landlord to exercise remedies under Section 18.2 by reason of a recurrence or continuation of such default; or 
  
 (e) If (i) Tenant or any Guarantor named in the Basic Lease Terms summary preceding this Lease shall make any general assignment for the benefit of
creditors; (ii) a petition to have Tenant adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy shall be filed by or against Tenant or any such Guarantor (unless the same is dismissed within 30
days); (iii) a trustee or receiver is appointed to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where possession is not restored to Tenant within 30 days; or (iv)
substantially all of Tenant’s assets located at the Premises, or of Tenant’s interest in this Lease, is attached, executed upon, or otherwise judicially seized, where such seizure is not discharged within 30 days. 
  
 18.2 Remedies. Upon the occurrence of an Event of Default, Landlord
may exercise any one or more of the remedies set forth in this Section 18, or any other remedy available under applicable law or contained in this Lease. 
  
 18.2.1 Re-Entry. Landlord or Landlord’s agents and employees may immediately or at any time thereafter re-enter the Premises, or any part
thereof, peaceably but using such reasonable force as may be required, and without judicial process, or by any suitable action or proceeding at law, and may repossess the Premises, and may remove any persons, fixtures or chattels therefrom, to the
end that Landlord may have, hold and enjoy the Premises. In the event of any such retaking of possession of Premises by Landlord, Tenant shall remove all personal property located thereon and upon failure to do so upon demand of Landlord, Landlord
may in addition to any other remedies allowed by law, remove and store the same in any place selected by Landlord, including but not limited to a public warehouse, at the expense and risk of Tenant. If Tenant shall fail to pay all sums due hereunder
together with the cost of storing any such property within thirty (30) days after it has been stored, Landlord may sell any or all of such property a public or private sale and shall apply the proceeds of such sale first, to the cost of such sale;
second, to the payment of the charges and expenses for reentry, removal and storage; third, to the payment of any other sums of money that may be due from Tenant to Landlord under the terms of this Lease; and the balance, if any, to Tenant. Tenant
hereby waives all claims for damages that may be caused by Landlord’s re-entering and taking possession of Premises or removing and storing or selling the property of Tenant as herein provided, and will indemnify, defend and save Landlord
harmless from loss, costs or damages to Tenant 
  

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 occasioned thereby, and no such re-entry shall be considered or construed to be a forcible entry. RE-ENTRY OR TAKING
POSSESSION OF SAID PREMISES BY LANDLORD SHALL NOT BE CONSTRUED AS AN ELECTION ON ITS PART TO TERMINATE THIS LEASE UNLESS A WRITTEN NOTICE OF SUCH INTENTION IS GIVEN TO TENANT. 
  
 18.2.2 Continue the Lease. Landlord may elect to continue this Lease in effect, whether or not Tenant shall have
abandoned or Landlord shall have re-entered the Premises. In such event Landlord shall be entitled to enforce all Landlord’s rights and remedies under this Lease, including the right to recover the Rent as the same may become due hereunder and
to recover damages from Tenant in accordance with the provisions of this Section 18. 
  
 18.2.3 Terminate Lease. Terminate Tenant’s right to possession and use of the Premises by any lawful means, in which case this Lease shall terminate and Tenant shall immediately surrender possession of the
Premises to Landlord and shall pay Landlord damages as provided at this Section 18. 
  
 18.2.4 Monetary Damages and Recovery. Tenant shall have full liability for payment of all damages directly or indirectly suffered by Landlord which are proximately caused by any default or breach under this
Lease, whether or not such default or breach is declared by Landlord, and such elements of damage and recovery by Landlord from Tenant shall specifically include, but not be limited to: 
  
 (a) the worth at the time of award of any unpaid Rent which had been earned at the time of such termination of the Lease or
possession; plus  
  
 (b) the worth at the time of award
of the amount by which the unpaid Rent which would have been earned after termination of the Lease or possession until the time of award exceeds the amount of such Rent loss that Tenant proves could have been reasonably avoided; plus 
  
 (c) the worth at the time of award of the amount by which the unpaid Rent
for the balance of the Term after the time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; plus 
  
 (d) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform his obligations under
this Lease or that in the ordinary course of things would be likely to result therefrom, including but not limited to, all legal expenses and other related costs incurred by Landlord following Tenant’s default; that portion of any leasing
commission paid by Landlord as a result of this Lease which is attributable to the unexpired portion of this Lease; all costs incurred by Landlord in restoring the Premises to good order and condition, or in remodeling, renovating or otherwise
preparing the Premises for reletting; all other costs incurred by Landlord in reletting the Premises, including, without limitation, any brokerage commissions, legal fees and the value of Landlord’s time; and Default Interest, late charges and
administrative fees, as herein provided. Landlord shall not be obligated to relet the Premises to a particular tenant, or, in the event of any such reletting, for refusal or failure to collect any rent due upon such reletting; and no such refusal or
failure shall operate to relieve Tenant of any liability under this Lease or otherwise affect any such liability. Landlord at its option may make such physical changes to the Premises as Landlord, in its sole discretion, considers advisable or
necessary in connection with any such reletting or proposed reletting, without relieving Tenant of any liability under this Lease or otherwise affecting Tenant’s liability. If there is other unleased space in the Building, Landlord shall have
no obligation to attempt to relet the Premises prior to leasing such other space in the Building. 
  

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 18.2.5 Form of Action for Damages. To the extent permitted under State law, Landlord may sue
periodically for damages as they accrue without barring a later action for further damages. If the Lease or possession is terminated and the Premises are subsequently re-let, no portion of the rents from such new Lease that is in excess of the
contracted rent hereunder shall be treated as an offset to monies owed by defaulting Tenant. All unpaid Rent after its due date shall bear interest from the date due at the Default Rate in addition to any late charges and administration costs
related to such delinquency, whether or not a default is declared. 
  
 18.2.6 Deposit. Landlord may apply any deposit held pursuant to Section 21.2, or pursuant to or in connection with any guarantee of Tenant’s obligations under this Lease, in payment of any sums due from Tenant hereunder.

  
 18.3 Cumulative Remedies. The remedies provided for in
this Lease are cumulative and in addition to any other remedy available to Landlord at law or in equity. In the event of a breach by Tenant, of any of its obligations under this Lease, Landlord shall also have the right to obtain an injunction and
any other appropriate equitable relief. 
  
 18.4
Termination. Even though Tenant has breached this Lease, Tenant’s contractual obligations under this Lease shall continue in effect for so long as Landlord does not terminate the same (and even though Landlord may have terminated
Tenant’s estate and right to possession) by written notice to Tenant, and Landlord may enforce all its rights and remedies under this Lease, including the right to recover the Rent as it becomes due under this Lease. Acts of maintenance or
preservation or efforts to relet the Premises or the appointment of a receiver upon initiative of Landlord to protect Landlord’s interest under this Lease shall not constitute a termination of Tenant’s rights to possession unless written
notice of termination is given by Landlord to Tenant. 
  
 19. Transfers By
Tenant. 
  
 19.1 General. 
  
 19.1.1 Assignment and Subletting. Tenant shall not assign this Lease
or any interest therein, or sublet the Premises or any part thereof, or permit the use of the Premises by any party other than Tenant, or hypothecate, mortgage, encumber or otherwise transfer or dispose of Tenant’s interest in the Premises,
either voluntarily or involuntarily, except either (a) with the prior written consent of Landlord, which consent shall not be unreasonably withheld, or (b) in a Permitted Assignment (as defined in Section 19.3, below). If Tenant requests consent to
a proposed transfer, Tenant shall pay for Landlord’s reasonable legal and administrative expenses in reviewing the request for consent to transfer. Consent to one such assignment or sublease shall not imply any future consent, and all
subsequent assignments and subleases shall be made only upon obtaining prior written consent of Landlord. 
  
 19.1.2 Obligations of Assignees. Assignees or subtenants shall become directly liable to Landlord for all obligations of Tenant hereunder, but
Tenant shall remain liable for the performance of all obligations owed to Landlord under this Lease. The instrument by which any assignment or subletting consented to by Landlord is accomplished shall expressly provide that the assignee or subtenant
will perform and observe all the agreements, covenants, conditions and provisions to be performed and observed by Tenant under this Lease and that Landlord will have the right to enforce such agreements, covenants and conditions directly against
such assignee or subtenant. 
  

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 19.1.3 Procedure for Consent. It shall be the responsibility of Tenant to provide Landlord, in a
manner acceptable to Landlord, with such information as Landlord reasonably determines is necessary for Landlord to grant or withhold its consent. If Tenant desires to request approval to assign, hypothecate or otherwise transfer this Lease or
sublet the Premises, then at least thirty (30) days prior to the date when Tenant desires the assignment or sublease to be effective (the “Assignment Date”), Tenant shall give Landlord a notice (the “Assignment Notice”), which
shall set forth the name, address and business of the proposed assignees or subtenant, current and signed financial statements, credit information as required by Landlord, the Assignment Date, any ownership or commercial relationship between Tenant
and the proposed assignee or subtenant, and the consideration and all other material terms and conditions of the proposed assignment or sublease, all in such detail as Landlord shall reasonably require. If Landlord requests additional detail, the
Assignment Notice shall not be deemed to have been received until Landlord receives such additional detail, and Landlord may withhold action on the request to any assignment or sublease until such information is provided. Landlord shall not
unreasonably withhold its consent to any proposed assignment, sublease, or other transfer. In considering an Assignment Notice, Landlord may, among other things, consider financial capability, business reputation, business experience, existing and
future space requirements of other tenants, existing and future space requirements of the proposed assignee or subtenant, the intended use, the anticipated demand for services by the assignee or subtenant, and the assignee’s or subtenant’s
anticipated contribution to the prestige of the building. 
  
 19.1.4 Sublease Income. If Tenant shall sublet all or any portion of the Premises, then any consideration paid by the subtenant for the portion of the Premises being sublet that exceeds one hundred percent (100%) of the Base Rent and
Additional Rent provided by this Lease for such portion of the Premises being sublet shall be due, owing and payable from Tenant to Landlord when paid or owing by the subtenant under the sublease. For the purpose of this Section 19, the rent for
each square foot of floor space in the Premises shall be deemed equal. 
  
 19.2 Listing Premises. Tenant shall not list the Premises for lease through a broker, or advertise or publicize in any way the availability of the Premises, without prior written notice and the written approval of Landlord.

  
 19.3 Permitted Assignments. Notwithstanding the
foregoing provisions of this Section 19, Tenant without the prior consent or approval of Landlord may assign or sublet all or any portion of the Lease in any transaction described in Section 19.3.1 (a “Permitted Assignment”), provided
that Tenant provides to Landlord, at least ten (10) days prior to the effective date of such Permitted Assignment, (a) written notice specifying the name, address, and telephone number of the assignee, (b) a copy of any sublease, assignment, or
other instrument effecting the assignment, (c) the contemplated effective date of the Permitted Assignment, and (d) evidence reasonably satisfactory to Landlord that the subtenant or assignee will conduct substantially the same business in the
Premises as did Tenant, and has a net worth at least equal to or greater than Tenant’s net worth prior to such assignment or subletting (or any agreement to do the same). 
  
 19.3.1 Transfers to Affiliates. Tenant may assign, sublet, or otherwise transfer all or any portion of the Premises
and this Lease to any corporation, limited liability company, or other entity that (a) either is controlled by Tenant, is in control of Tenant, or with Tenant is commonly controlled by the same person or entity, or (b) is a successor-in-interest to
Tenant by merger or consolidation. 
  

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 For purposes of this Section 19.3.1, a person shall be deemed to “control” any other entity only if that person
owns voting securities of such entity sufficient to entitle the person to elect a majority of the members of the entity’s board of directors, managers, or other governing body (as the case may be). 
  
 19.4 Unapproved Transfers. Any attempted transfer in violation of the
requirements of this Section 19 shall be void and, at the option of Landlord, shall constitute an Event of Default. 
  
 19.5 Successors and Assigns. Except as otherwise provided in this Lease, all of the covenants, conditions, and provisions of this Lease shall be
binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors, and assigns. 
  
 20. Subordination; Attornment; Quiet Enjoyment. 
  
 20.1 Subordination, Nondisturbance. This Lease and all rights of Tenant hereunder, are and shall be, upon the election of the holder thereof,
subject and subordinate to all mortgages, trust deeds and other financing and security instruments (“Mortgages”), that may now or hereafter affect the Premises, and to all renewals, modifications, replacements and extensions of any such
Mortgages. This section shall be self-operative, and no further instrument of subordination shall be required to effect a subordination hereunder; provided, however, that in confirmation of such subordination Tenant shall promptly execute,
acknowledge or deliver any instrument that Landlord or any such mortgagee may reasonably request to evidence such subordination. If Tenant fails to execute, acknowledge or deliver any such instruments within the ten (10) days after a request
therefor, Landlord may declare an Event of Default hereunder. Tenant hereby irrevocably constitutes and appoints Landlord as Tenant’s attorney-in-fact, coupled with an interest, to execute and deliver any such instruments for and on behalf of
Tenant, at Landlord’s sole election. 
  
 20.2
Attornment. If the interest of Landlord under this Lease is transferred, whether through possession, foreclosure or delivery of a new lease or deed, then at the request of such party so succeeding to Landlord’s rights (herein called
“Successor Landlord”), Tenant shall attorn to and recognize such Successor Landlord as Tenant’s Landlord under this Lease and shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to
evidence such attornment. Upon such request for attornment, Tenant’s rights hereunder shall continue in full force and effect as a direct Lease between the Successor Landlord and Tenant upon all of the terms, conditions and covenants as set
forth in this Lease so long as Tenant is not in default. 
  
 20.3
Quiet Enjoyment. So long as Tenant pays all Rents and complies with all of the terms and conditions of this Lease, Tenant shall peaceably and quietly have, hold and enjoy the Premises. This covenant shall, subject to the provisions of this
Lease, be binding upon the subsequent successors in interest of Landlord’s interest in this Lease including those to whom Tenant is subordinate and/or to whom Tenant agreed to attorn pursuant to Sections 20.1 and 20.2. 
  
 20.4 Estoppel Certificates. Within ten (10) days following any written
request that Landlord may make from time to time, Tenant shall execute and deliver to Landlord and/or any prospective mortgagee or purchaser designated by Landlord, a statement certifying: (a) the date of commencement of this Lease; (b) the fact
that this Lease is unmodified and in full force and effect (or, if there have been modifications hereto, that this Lease is in full force and effect, and stating the date and nature of such modifications); (c) the date to which the rental and other
sums payable under this Lease have been paid; (d) that there are no current defaults under this Lease by Landlord except as specified in such statement; and (e) such other matters as may be reasonably requested. Landlord and Tenant intend that any

  

 26 

 statement delivered by Tenant pursuant to this Section may be relied upon by any mortgagee, beneficiary, purchaser, or
prospective purchaser of the Premises or any interest therein. Tenant’s failure to deliver such statement within such time (x) shall be conclusive upon Tenant (i) that this Lease is in full force and effect, without modification except as may
be represented by Landlord, (ii) that there are no uncured defaults in the Landlord’s performance, and (iii) that no more than one month’s rental has been paid in advance, and (y) at Landlord’s election, shall constitute an Event of
Default hereunder. If Landlord desires to finance or refinance the Premises, or any part thereof, Tenant shall, within ten (10) days following Landlord’s request therefor, deliver to any lender designated by Landlord such financial information
of Tenant as shall be required by such lender. All such information shall be received in confidence and shall be used only for the purpose herein set forth. 
  
 20.5 Mortgagee Protection. If there occurs any default on the part of Landlord, Tenant will give notice by registered or certified mail to any
beneficiary of a deed of trust or mortgage covering the Premises, and shall offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial
foreclosure, if such should prove necessary to effect a cure. 
  
 20.6 Modification for Lender. If, in connection with obtaining construction, interim, or permanent financing related to the Premises, a lender shall request reasonable modifications in this Lease as a condition to such financing,
Tenant will not unreasonably withhold, delay, or defer its consent thereto provided that such modifications do not materially, adversely increase Tenant’s obligations, or decrease Tenant’s rights, hereunder. 
  
 21. Security. 
  
 21.1 Financial Statements. Tenant shall furnish to Landlord on or before ninety (90) days following the end of each
fiscal year, Tenant’s unaudited financial statements for the preceding fiscal year, (consisting of Tenant’s balance sheet, and profit and loss statement) each prepared by a certified public accountant in accordance with generally accepted
accounting principles (or other method approved by Landlord) consistently applied. Tenant shall furnish to Landlord interim financial statements within thirty (30) days following the end of each of Tenant’s fiscal quarters. 
  
 21.2 Deposit. On the Commencement Date, Tenant shall deposit with
Landlord the amount specified in the summary of Basic Lease Terms preceding this Lease, such amount to be held by Landlord during the Lease Term as security for Tenant’s performance of its obligations hereunder. If Tenant fails to make any
payment when due under this Lease, or otherwise defaults with respect to any provision of this Lease, Landlord may use, apply or retain all or any portion of said deposit for the payment of such obligation or default, or for the payment of any other
sum to which Landlord may be become obligated by reason of Tenant’s default, or to compensate Landlord for any loss or damage that Landlord may suffer thereby. If Landlord so uses or applies all or any portion of said deposit, Tenant shall,
within ten (10) days after written demand therefor from Landlord, deposit cash with Landlord in an amount sufficient to restore said deposit to the full amount stated in this Section 21.2, and Tenant’s failure to do so shall constitute an Event
of Default under this Lease. If Tenant performs all of Tenant’s obligations hereunder, Landlord shall return said deposit (or so much thereof as has not theretofore been applied by Landlord as permitted under this Section 21.2) within sixty
(60) days following the date of expiration of the Lease Term or the date on which Tenant has vacated the Premises. Landlord shall not be required to keep said security deposit separate from its general funds, and Tenant shall not be entitled to
interest on said deposit. Landlord shall be entitled to deliver the funds constituting the deposit hereunder to any purchaser of Landlord’s interest in the Premises, whether by sale, foreclosure, deed in lieu of foreclosure, or otherwise, and
upon such delivery, Landlord shall be discharged from any further liability with respect to said deposit. 
  

 27 

 22. Governing Law. This Lease shall be governed by and construed pursuant to the laws of the State. 
  
 23. No Merger. The voluntary or other surrender of this Lease by Tenant, or a mutual
cancellation thereof, shall not constitute a merger of the Landlord’s and Tenant’s estate, and shall, at the option of Landlord, operate either as an assignment to Landlord of any or all subleases or subtenancies or as a termination
thereof. 
  
 24. Disputes. 
  
 24.1 Attorneys’ and Collection Fees. If Landlord should bring an
action or suit for possession of the Premises, for the recovery of any sum due under this Lease, or because of the breach of any provisions of this Lease, or for any other relief against Tenant hereunder, or in the event of any other arbitration or
litigation between the parties with respect to this Lease, then all costs and expenses, including collection agency fees and reasonable attorneys’ fees incurred by the prevailing party in such arbitration or litigation, including on any
arbitration or court proceeding, appeal, petition for review therefrom or in any proceeding before a U.S. Bankruptcy Court, shall be paid by the other party, such amount to be set by the court before which the matter is heard, which obligation on
the part of the other party shall be deemed to have accrued on the date of the commencement of such action and shall be enforceable whether or not the action is prosecuted to judgment. 
  
 24.2 Arbitration of Disputes. At Landlord’s option, any dispute, controversy or claim arising out of or in
connection with, or relating to, this Agreement, its interpretation, application, or the rights, duties or liabilities hereunder of either party, or any breach or alleged breach hereof, which the Tenant and Landlord are unable to resolve between
themselves, shall, upon the written request of any party involved, be submitted to, and settled by, binding arbitration in the city where the Premises is located or as agreed by the parties, pursuant to the rules then in effect of any private
arbitration service actively engaged in providing dispute resolution services as Landlord may designate. Any award rendered in an arbitration initiated under this Section 24 shall be final, binding and conclusive upon the parties and a judgment
thereon may be entered in the highest court of the forum, state or federal, having jurisdiction. The expenses of the arbitration shall be borne equally by the parties to the arbitration, and each party shall pay for and bear the cost of its own
experts, evidence and counsel’s fees, except as otherwise provided in Section 24.1. 
  
 25. Building Planning. If Landlord requires the Premises for use in conjunction with another suite or for other reasons connected with the Building planning program, or space management, upon 60 days’
notice to Tenant in writing, Landlord shall have the right to move Tenant to other comparable space in quality and location, at Landlord’s cost and expense. The terms and conditions of this Lease shall remain in full force and effect, save and
excepting that a revised Exhibit B and Premises description shall become part of this Lease and reflect the location of the new space, and this Lease shall be amended to include and state all correct data as to the new space. 
  
 26. Tenant’s Liability and Performance. Except as may be otherwise specifically
provided in this Lease, all covenants and agreements to be performed by Tenant under any of the terms of this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any abatement of Rent. If more than one person or
entity executes this Lease as Tenant, (a) each of them is jointly and severally liable for the keeping, observing and performing of all of the terms, covenants, conditions, provisions and 
  

 28 

 agreements of this Lease to be kept, observed and performed by Tenant, and (b) the term “Tenant” as used in
this Lease shall mean and include each of them jointly and severally. The act or notice from, or notice or refund to, or the signature of any one or more of them, with respect to the tenancy of this Lease, including, but not limited to any renewal,
extension, expiration, termination or modification of this Lease, shall be binding upon each and all of the persons executing this Lease as Tenant with the same force and effect as if each and all of them had so acted or so given or received such
notice or refund or so signed. In addition to Landlord’s lien rights pursuant to applicable State law, if any, Landlord shall have a prior lien upon, and Tenant hereby grants to Landlord a security interest in, all of the fixtures, furniture,
equipment, stock, goods, merchandise and other property placed on the Premises during the term of this Lease, which lien and interest shall secure the payment of Rent due hereunder for the Term. In addition to the remedies granted by law, Landlord
shall have and may exercise with respect to said collateral, all of the rights, remedies and powers of a secured party under the Uniform Commercial Code as enacted in the State, including, without limitation, the right and power to seize without
court process and to sell at public or private sale or sales, or otherwise dispose of, lease or use, the collateral and any part or parts hereof in any manner authorized or permitted under said code upon default by Tenant. At Landlord’s
request, Tenant shall execute and deliver to Landlord a financing statement appropriate for use under the Uniform Commercial Code as enacted in the State, or a signed counterpart of this Lease or the short form thereof may be used as such financing
statement if Tenant is not then in default hereunder. 
  
 27. Definition of
Landlord; Limitation or Liability. The term “Landlord,” as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, shall be limited to mean and include only the owner or owners, at the time in
question, of the fee title of the Premises or the tenants under any ground lease, if any. In the event of any transfer, assignment, or other conveyance or transfers of any such title, Landlord herein named (and in case of any subsequent transfers or
conveyances, the then grantor) shall be automatically freed and relieved from and after the date of such transfer, assignment, or conveyance of all liability as respects the performance of any covenants or obligations on the part of Landlord
contained in this Lease thereafter to be performed. Without further agreement, the transferee of such title shall be deemed to have assumed and agreed to observe and perform any and all obligations of Landlord hereunder, during its ownership of the
Premises. Landlord may transfer its interest in the Premises without the consent of Tenant and such transfer or subsequent transfer shall not be deemed a violation on Landlord’s part of any of the terms and conditions of this Lease. Tenant and
all successors and assigns acknowledge that, in the event of any actual or alleged failure, breach or default hereunder by Landlord: 
  
 (a) The sole and exclusive remedy shall be against the rent reserved by this Lease accruing after any default or material breach for satisfaction of any
liability in respect to this Lease, 
  
 (b) No member or manager
of Landlord shall be sued, named as a party in any suit or action, served with process or subjected to any judgment, and any such judgment taken against any member or manager of Landlord may be vacated and set aside at any time nunc pro tunc;

  
 (c) No writ of execution will ever by levied against the
assets of any member or manager of Landlord; and 
  
 (d) This
Lease and the obligations of the Tenant hereunder shall not be affected or impaired because Landlord is unable to fulfill any of its obligations hereunder, or is delayed in doing so, if such liability or delay is caused by reason of strike, labor
trouble, inclement weather, war, riot, acts of God or any other cause beyond the reasonable control of Landlord. 
  

 29 

 28. Waiver. Landlord’s waiver of any breach of any term, covenant or condition herein contained shall not be
deemed to be a waiver of any subsequent breach of the same or any other term, covenant or condition herein contained, nor shall any custom or practice that may evolve between the parties in the administration of the terms hereof be deemed a waiver
of or in any way affect the right of Landlord to insist upon the performance by Tenant in strict accordance with said terms. The subsequent acceptance of Rent hereunder by Landlord shall not be deemed to be a waiver of any preceding breach by
Tenant, of any term, covenant, or condition of this Lease, other than the failure of Tenant to pay the particular Rent so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of such acceptance of such Rent. The
consent or approval of Landlord to or of any act by Tenant requiring Landlord’s consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent similar acts by the acting party. Acceptance
of one or more rental or other payments after the dates when the same first became due or after the applicable grace period shall not prevent Landlord, with respect to subsequent payments, (a) from insisting upon prompt payment of all amounts due
hereunder, (b) from insisting upon payment of the late fees provided for herein, or (c) from declaring an Event of Default hereunder. Without limiting the generality of the foregoing, no payment by Tenant or receipt by Landlord of a lesser amount
than the full Rent then due shall be deemed to be other than on account of the earliest stipulated Rent due, nor shall any endorsement or statement on any check or any letter accompanying any check, or payment be deemed an accord and satisfaction,
and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such Rent or pursue any other remedy provided for in this Lease or available at law or in equity. Acceptance of Rent from another
company or entity does not constitute consent to a purported sublease or assignment. 
  
 29. Miscellaneous Provisions. 
  
 29.1
Successors or Assigns. Except as otherwise provided herein, all the terms, conditions, covenants and agreements of this Lease shall extend to and be binding upon Landlord, Tenant and their respective heirs, administrators, executors,
successors, subtenants, concessionaires, assigns and marital communities, if any, and upon any person or persons coming into ownership or possession of any interest in the Premises by operation of law or otherwise. 
  
 29.2 Authority of Parties. If Tenant is a corporation, each individual
executing this Lease on behalf of said corporation represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of said corporation in accordance with a duly adopted resolution of the Board of Directors of said
corporation or in accordance with the bylaws of said corporation, and this Lease is binding upon said corporation. Tenant shall, simultaneously with the execution of this Lease, deliver to Landlord a certified copy of a resolution of the Board of
Directors of said corporation authorizing or ratifying the execution of this Lease, and certified copies of other corporation documents as may reasonably be requested by Landlord or Landlord’s Lender to authenticate the transaction. Any person
executing this instrument, its exhibits, addenda, extensions, or renewals, or represents any material fact relevant hereto in writing, warrants and represents that he/she is duly authorized to so act. 
  
 29.3 Interest on Past Due Obligations. Any amount due from Tenant to
Landlord hereunder which is not paid when due shall bear interest at the Default Rate from the date due until paid, but the payment of such interest shall not excuse or cure any default by Tenant, and interest shall be compensation for the loss of
Tenant’s use of the past due funds, and shall be in addition to late or delinquent charges which are reimbursements for administrative costs associated with collecting and processing such past due amounts. An administrative charge of $25.00
will be assessed for any check from Tenant which is returned for any reason. 
  

 30 

 29.4 Broker’s Commission. The brokers who negotiated this Lease, if any, are identified in
the summary of Basic Lease Terms preceding this Lease. Landlord shall be solely responsible for the payment of brokerage commissions to said brokers, and Tenant shall have no responsibility therefore. If Tenant has dealt with any other person or
real estate broker with respect to leasing or renting space in the Building, Tenant shall be solely responsible for the payment of any fee due said person or firm and Tenant shall indemnify and hold Landlord harmless against any liability in respect
thereto, including attorney’s fees and costs. 
  
 29.5
Terms and Headings. The words “Landlord” and “Tenant” as used herein shall include the plural as well as the singular. Words used in any gender include other genders. The Section headings of this Lease are not a part of
this Lease and shall have no effect upon the construction or interpretation of any part hereof. 
  
 29.6 Examination of Lease. Submission of this instrument for examination or signature by Tenant does not constitute a reservation of or option for
Lease, and it is not effective as a Lease or otherwise until complete execution by and delivery to both Landlord and Tenant. 
  
 29.7 Time. Except as otherwise specifically provided herein, time is of the essence with respect to the performance of every provision of this
Lease in which time of performance is a factor. 
  
 29.8
Amendments. No provision of this Lease may be amended or added to except by an agreement in writing signed by the parties hereto or their respective successors in interest. 
  
 29.9 Partial Invalidity. If any term, covenant, or condition of this Lease or the application thereof to any person
or circumstance is, to any extent, invalid or unenforceable, the remainder of this Lease, or the application of such terms, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not
be affected thereby and each term, covenant or condition of this Lease shall be valid and be enforced to the fullest extent permitted by law. 
  
 29.10 Recording. Tenant shall not record or file this Lease, or any assignment or security document pertaining to this Lease or all or any part of
Tenant’s interest therein without the prior written consent of Landlord, which consent may be subject to such conditions as Landlord shall deem appropriate. However, upon the request of Landlord, both parties shall execute a memorandum or
“short form” of this Lease for the purposes of recordation in a form customarily used for such purposes. Said memorandum or short form of this Lease shall describe the parties, the Premises and the Lease Term and shall incorporate this
Lease by reference. 
  
 29.11 Notices. All notices that
either party shall be required or may desire to deliver hereunder shall be given in writing and shall be sent by registered or certified mail, return receipt requested, or by facsimile transmission followed by delivery of a “hard” copy,
and shall be deemed received upon the earlier of the date of receipt or refusal thereof. Notices shall be delivered to Tenant at the Premises and to Landlord at both the address for Landlord and the address for Landlord’s property manager, if
any, each set forth in the Summary of Basic Lease Terms preceding this Lease. In addition, a copy of any notice to Landlord shall be delivered to the following address: 
  

 31 

 Parisi & Parisi, P.C. 
 Suite 100, The Annand Building 
 1630 S.W. Morrison 
 Portland, OR 97205 
 Telecopy: (503) 721-2300 
 Attn: Robin B. Parisi, Esq. 
  
 Landlord may
change its address for notice by giving notice to Tenant in the manner set forth above, which notice shall only be effective upon receipt or refusal. Notice to Tenant hereunder may be given by Landlord’s attorney. 
  
 29.12 Entire Agreement. This Lease, including the Table of Contents
and summary of Basic Lease Terms that precede this Lease, and the Exhibits listed in such summary of Basic Lease Terms and attached hereto, all of which are incorporated herein by this reference to them, together with any other document to be
furnished pursuant to the provisions hereof embody the entire agreement and understanding of the parties hereto as to the subject matter contained herein. There are no restrictions, promises, representations, warranties, covenants, or undertakings
other than those expressly set forth or referred to in such documents. This Lease and such documents supersede all prior agreements and understandings among the parties with respect to the subject matter hereof. 
  
 29.13 Survival of Obligations. The covenants, duties, and obligations
of Tenant contained herein that by their nature do not depend upon Tenant’s possession of the Premises (including, without limitation, obligations arising under Section 17.2) shall survive the expiration or earlier termination of this Lease and
such expiration or termination shall not excuse Tenant from the full performance thereof. 
  
 29.14 Representations and Warranties. Landlord has made no representations or warranties except as contained herein. Tenant hereby represents and warrants that financial statements and other information
furnished by Tenant to Landlord are true, accurate and complete, and such representation and warranty shall survive the execution and termination of this Lease and is material consideration relied upon by Landlord in executing this Lease. Any false,
misleading or inaccurate statement made by Tenant therein shall constitute a material breach and an Event of Default hereunder. 
  
 29.15 Guarantee. If one or more guarantors is listed in the summary of Basic Lease Terms preceding this Lease, this Lease shall be effective only
upon each such person or entity’s execution and delivery to Landlord of a Guarantee in the form of Exhibit G. 
  

 32 

 IN WITNESS WHEREOF, the parties have executed this Lease on the Effective Date. 
  

			
	200 SOUTH VIRGINIA INVESTMENTS, an Oregon limited liability company
		
	 By:
	 	 SCANLANKEMPERBARD COMPANIES,

	 an Oregon corporation

		
	 By:
	 	

	 Title:
	 	 VP

	 Date:
	 	 5/01/01

	
	“Landlord”
	
	 LIBERTY TELECOM, LLC, a Delaware

	 limited liability company

		
	 By:
	 	     /s/    DAVID S.
TRANDAL        

	 Title:
	 	 President

	 Date:
	 	 5-1-01

		
	 	 	“Tenant”

  

 33 

 EXHIBIT A 
  

Legal Description of Land 

 Exhibit A 
  
 PARCEL 1: 
  
 Parcel A and Parcel B of Parcel Map No. 1204 for Sierra Arts Foundation, according to the map thereof, filed in the office of the County Recorder of Washoe County, State of Nevada on January 13, 1981, a File No.
717746. 
  
 PARCEL 2: 
  
 Commencing at the intersection of the Easterly line of South Center Street with the
Northerly line of Ryland Street; 
  
 Thence North 17o 48’ 51” West
along the Easterly line, 56.72 feet to the true point of beginning; 
  
 Thence
Northerly along said Easterly line North 17o 48’ 51” West, 85.98 feet; 
  
 Thence North 72o 16’ 16” East, 144.88 feet to the Westerly line of an unnamed alley; 
  
 Thence South 20o 38’35” East, along said Westerly line 137.69 feet to a point on the Northerly line of Ryland Street; 
  
 Thence South 70o 18’ 55” West, along said Northerly line 146.26 feet, to a point on that Easterly line of dedication to South
Center Street by Document No. 209192, Official Records; 
  
 Thence along said
Easterly line North 26o 28’ 29” West, 16.06 feet to the beginning of a curve to the right whose tangent bears the last described course; 
  
 Thence along said curve having a central angle of 08o 39’ 38” a radius of 270.00 feet, an arc length of 40.81 feet to the true point of beginning.

  
  

 Page 8 of 8 

 EXHIBIT B 
  

Premises Description and Plan 

 [GRAPHIC APPEARS HERE] 
  
 200 SOUTH VIRGINIA STREET 
 9TH FLOOR PLAN

 EXHIBIT C & C-1 
  
 Intentionally deleted 

 EXHIBIT D 
  

Rules and Regulations 
  
 1. No sign, placard, picture, advertisement, name or notice shall be installed or displayed on any part of the outside or inside of the Building without the prior written
consent of the Landlord. Landlord shall have the right to remove, at Tenant’s expense and without notice, any sign installed or displayed in violation of this rule. All approved signs or lettering on doors and walls shall be printed, painted,
affixed or inscribed at the expense of Tenant by a person chosen by Landlord. 
  
 2. If landlord objects in writing to any curtains, blinds, shades, screens or hanging plants or other similar objects attached to or used in connection with any window or door of the Premises, Tenant shall immediately discontinue such use.
No awning shall be permitted on any part of the Premises without Landlord’s specific approval in writing. Tenant shall not place anything against or near glass partitions or doors or windows which may appear unsightly from outside the Premises.

  
 3. Tenant shall not obstruct any sidewalk, halls, passages, exits, entrances,
elevators, escalators, or stairways of the Building. The halls, passages, exits, entrances, shopping malls, elevators, escalators and stairways are not open to the general public. Landlord shall in all cases retain the right to control and prevent
access thereto of all persons whose presence in the judgment of Landlord would be prejudicial to the safety, character, reputation and interest of the Building and its tenants; provided that nothing herein contained shall be construed to prevent
such access to persons with whom any tenant normally deals in the ordinary course of its business, unless such persons are engaged in illegal activities. No tenant and no employee or invitee of any tenant shall go upon the roof of the Building.

  
 4. The directory of the Building will be provided exclusively for the display
of the name and location of tenants only, and Landlord reserves the right to exclude any other names therefrom. 
  
 5. All cleaning and janitorial services for the Building and the Premises shall be provided exclusively through Landlord, and except with the written consent of Landlord,
no person or persons other than those approved by Landlord shall be employed by Tenant or permitted to enter the Building for the purpose of cleaning the same. Tenant shall not cause any unnecessary labor by carelessness or indifference to the good
order and cleanliness of the Premises. Landlord shall not in any way be responsible to any Tenant for any loss of property on the Premises, however occurring, or for any damage to any of Tenant’s property by the janitor or any other employee or
any other persons. 
  
 6. Landlord will furnish Tenant, free of charge, two keys
to each door lock in the Premises. Landlord may make a reasonable charge for any additional keys. Tenant shall not make or have made additional keys, and Tenant shall not alter any lock or install a new 

 additional lock or bolt on any door of its Premises. Tenant, upon the termination of its tenancy, shall deliver to
Landlord the keys of all doors which have been furnished to Tenant, and in the event of loss of any keys so furnished, shall pay Landlord therefore. 
  
 7. If Tenant requires telegraphic, telephonic, burglar alarm or similar services, it shall first obtain, and comply with, Landlord’s instructions in their
installation. 
  
 8. Any freight elevator shall be available for use by all
tenants in the Building, subject to such reasonable scheduling as Landlord in its discretion shall deem appropriate. No equipment, materials, furniture, packages, supplies, merchandise or other property will be received in the Building or carried in
the elevators except between such hours and in such elevators as may be designated by Landlord. 
  
 9. Tenant shall not place a load upon any floor of the Premises which exceeds the load per square foot which such floor was designed to carry and which is allowed by law. Landlord shall have the right to prescribe the
weight, size and position of all equipment, materials, furniture or other property brought in to the Building. Heavy objects shall, if considered necessary by Landlord, stand on such platforms as determined by Landlord to be necessary to properly
distribute the weight. Business machines and mechanical equipment belonging to Tenant, which cause noise or vibration that may be transmitted to the structure of the Building or to any space therein to any tenants in the Building, shall be placed
and maintained by Tenant, at Tenant’s expense, on vibration eliminators or other devices sufficient to eliminate noise or vibration. The persons employed to move such equipment in or out of the building must be acceptable to Landlord. Tenant
agrees to place a plywood covering over any lobby, hallway, elevator and office dooring and carpeting during any time where it is constructing in the Premises or moving furniture into or out of the Building. Pads shall be used in such a manner to
protect walls and ceilings in said lobbies, hallways, elevators and offices during said construction or moving periods. Landlord will not be responsible for loss of, or damage to, any such equipment or other property from any cause, and all damage
done to the Building including common areas, hallways, elevators and doors by maintaining or moving such equipment or other property shall be repaired at the expense of Tenant. 
  
 10. Tenant shall not use or keep in the Premises any kerosene, gasoline or flammable or combustible fluid or material other than those
limited quantities necessary for the operation or maintenance of office equipment. Tenant shall not use or permit to be used in the Premises any foul or noxious gas or substance, or permit or allow the Premises to be occupied or used in a manner
offensive or objectionable to Landlord or other occupants of the Building by reason of noise, odors or vibrations, nor shall Tenant bring into or keep in or about the Premises any birds, dogs, cats or animals of any kind. 
  
 11. Tenant shall not use any method of heating or air-conditioning other than that supplied
by Landlord. 
  
 12. Tenant shall not waste electricity, water or air-conditioning
and agrees to cooperate fully with Landlord to assure the most effective operation of the Building’s heating and air-conditioning 

 and to comply with any governmental energy-saving rules, laws or regulations of which Tenant has actual notice, and shall
refrain from attempting to adjust controls. Tenant shall keep corridor doors closed, and shall close window coverings at the end of each business day. 
  
 13. Landlord reserves the right, exercisable without notice and without liability to Tenant, to change the name and street address of the Building. 
  
 14. Landlord reserves the right to exclude from the Building between the hours of 6 P.M. and
7 A.M. the following day, or such other hours as may be established from time to time by Landlord, and on Sundays and legal holidays, any person unless that person is known to the person or employee in charge of the Building and has a pass or is
properly identified. Tenant shall be responsible for all persons for whom it requests passes and shall be liable to Landlord for all acts of such persons. Landlord shall not be liable for damages for any error with regard to the admission to or
exclusion from the Building of any persons. Landlord reserves the right to prevent access to the Building in case of invasion, mob, riot, public excitement or other commotion by closing the doors or by other appropriate action. It is understood that
Tenant requires access for clients until 8 p.m. weekdays and occasionally on weekends. Landlord shall coordinate with Tenant a mutually acceptable way for after-hours entry in to the building. 
  
 15. Tenant shall close and lock the doors of its Premises and entirely shut off all water
faucets or other water apparatus, and electricity, gas or air outlets before Tenant and its employees leave the Premises. Tenant shall be responsible for any damage or injuries sustained by other tenants or occupants of the building or by Landlord
for noncompliance with this rule. 
  
 16. Tenant shall not obtain for use on the
Premises ice, drinking water, food, beverage, towel or other similar services or accept barbering or bootblacking service upon the Premises, except at such hours and under such regulations as may be fixed by Landlord. 
  
 17. The toilet rooms, toilets, urinals, wash bowls and other apparatus shall not be used for
any purpose other than that for which they were constructed and no foreign substance of any kind whatsoever shall be thrown therein. The expense of any breakage, stoppage or damage resulting from the violation of this rule shall be borne by the
tenant who, or whose employees or invitees, shall have caused it. 
  
 18. Tenant
shall not sell, or permit any sales of newspapers, magazines, periodicals, theater tickets or any other goods or merchandise to the general public in or on the Premises or the common area. Tenant shall not make any room-to-room solicitation of
business from other tenants in the Building nor shall Tenant solicit in any part of the common areas. Tenant shall not use the Premises for any business or activity other than that specifically provided for in Tenant’s Lease. 

 19. Tenant shall not install any radio or television antenna, loudspeaker or other device on the roof or exterior walls
of the Building. Tenant shall not interfere with radio or television broadcasting or reception from or in the Building or elsewhere. 
  
 20. Tenant shall not mark, drive nails, screws or drill in to the partitions, woodwork or plaster or in any way deface the Premises or any part thereof. Landlord reserves
the right to direct electricians as to where and how telephone and telegraph wires are to be introduced to the Premises. Tenant shall not cut or bore holes for wires. Tenant shall not affix any floor covering to the floor of the Premises in any
manner except as approved by Landlord. Tenant shall repair any damage resulting from noncompliance with this rule. Tenant shall pay for any and all damages to the Building, walls, doors, glass, carpeting or otherwise which may be caused by
Tenant’s use of the Building, moving equipment, supplies or furniture into or out of the Building whether caused by Tenant or its employees, agents, contractors or invitees to the Premises. 
  
 21. Tenant shall not install, maintain or operate upon the Premises any vending machine
without the written consent of Landlord. 
  
 22. Canvassing, soliciting and
distribution of handbills or any other written material, and peddling in the Building or in the common areas and parking lot are prohibited, and each tenant shall cooperate to prevent same. 
  
 23. Landlord reserves the right to exclude or expel from the Building any person who, in
Landlord’s judgment, is intoxicated or under the influence of liquor or drugs or who is in violation of any of the Rules and Regulations of the Building. 
  

24. Tenant shall store all its trash and garbage within its Premises. Tenant shall not place in any trash box or receptacle any material which cannot be disposed of in
the ordinary and customary manner of trash and garbage disposal. All garbage and refuse disposal shall be made in accordance with directions issued from time to time by Landlord. 
  
 25. The Premises shall not be used for the storage of merchandise held for sale to the general public, or for lodging or for manufacturing
of any kind, nor shall the Premises be used for any improper, immoral or objectionable purpose. NO cooking shall be done or permitted by any tenant on the Premises, except that use by Tenant of Underwriters’ Laboratory approved equipment for
brewing coffee, tea, hot chocolate and similar beverages shall be permitted, provided that such equipment and use is in accordance with all applicable federal, state, county and city laws, codes, ordinances, rules and regulations. 
  
 26. Tenant shall not use in any space or in the public halls of the building any hand truck
except those equipped with rubber tires and side guards or such other material-handling equipment as Landlord may approve. Tenant shall not bring any other vehicles of any kind in to the Building. 

 27. Without the written consent of Landlord, Tenant shall not use the name of the Building in connection with or in
promoting or advertising the business of Tenant except as Tenant’s address. 
  
 28. Tenant shall comply with all safety, fire protection and evacuation procedures and regulations established by Landlord or any governmental agency. 
  

29. Tenant assumes any and all responsibility for protecting its Premises from theft, robbery and pilferage, which includes keeping doors locked and other means of
entry to the Premises closed. Tenant agrees that the cost to repair any damage to the Building and Premises, as a result of theft, robbery and pilferage, shall be borne by the Tenant. 
  
 30. The requirements of Tenant will be attended to only upon appropriate application to the office of the Building by an authorized
individual. Employees of Landlord shall not perform any work or do anything outside of their regulated duties unless under special instructions from Landlord, and no employee of Landlord will admit any persons (Tenant or otherwise) to any office
without specific instruction from Landlord. 
  
 31. Tenant shall not park its
vehicles in any parking areas designated by Landlord as areas for parking by other tenants of, or by visitors to, the Building. To the extent Tenant is accorded parking rights by its Lease, Tenant shall not thereby be authorized to leave vehicles in
the Building parking areas overnight nor to park any vehicles in the Building parking areas other than automobiles, motorcycles, motor drive or non-motor drive bicycles or four-wheeled trucks. Said vehicles improperly parked shall be subject to a
fine of $20.00 per day per violating vehicle, and shall be subject to towing at the vehicle owner’s expense. 
  
 32. Landlord may waive any one or more of these Rules and Regulations for the benefit of Tenant or any other tenant, but no such waiver by Landlord shall be construed as
a waiver of such Rules and Regulations in favor of Tenant or any other tenant, nor prevent Landlord from thereafter enforcing any such Rules and Regulations against any or all of the tenants of the Building. 
  
 33. These Rules and Regulations are in addition to, and shall not be construed to in any way
modify or amend, in whole or in part, the terms, covenants, agreements and conditions of any lease of premises in the Building. 
  
 34. Landlord reserves the right to make such other and reasonable Rules and Regulations as, in its judgment, may from time to time be needed for safety and security, for
care and cleanliness of the Building and for the preservation of good order therein. Tenant agrees to abide by all such Rules and Regulations hereinabove stated and any additional rules and regulations which are adopted. 
  
 35. Tenant shall be responsible for the observance of all of the foregoing rules of
Tenant’s employees, agents, clients, customers, invitees and guests. 

 EXHIBIT E 
  

Acceptance Letter 

 [date] 
  
 200 South Virginia Investments 
 c/o ScanlanKemperBard Companies 

2250 Pacwest Center 
 1211 S.W. Fifth Avenue 
 Portland, Oregon 97204 
  
 RE:  Lease Dated:                          
  
 Landlord: 200 South Virginia Investments 
  
 Tenant: Liberty Telecom, LLC 
  
 Premises:
                                        
                                        
                                        
             
  
 Gentlemen: 
  
 The undersigned, tenant under the above-described Lease,
hereby confirms, as of the date hereof, the following: 
  
 1. That it is in full
and complete possession of the Demised Premises, such possession having been delivered by Landlord and having been accepted by the undersigned. 
  
 2. That the improvements and space required to be furnished by the terms of the Lease have been completed in all respects to the satisfaction of the undersigned and are
open for the use of, the undersigned, its employees and invitees. 
  
 3. That all
duties of an inducement nature required of Landlord in said Lease have been fulfilled. 
  
 4. That said Lease is in full force and effect; that there are no existing defaults on the part of the Landlord under the terms thereof. 
  
 5. That said Lease has not been amended, modified, supplemented or superseded except as follows: 
                                       
                                        
                                        
                                        
                                        
                    
                                       
                                        
                                        
                                        
                                        
                    
                                       
                                        
                                        
                                        
                                        
                    
                                       
                                        
                                        
                                        
                                        
                    
  
 6. That no rents have been prepaid except as provided by said Lease. 
  
 7. That undersigned has received no notice of prior sale, transfer, assignment, hypothecation or pledge of the said Lease or of the rents secured herein, except to you.

  
 8. The rents provided in said Lease commenced to accrue, and that the
Commencement Date occurred, on
                                    ,
        . 
  

 1 

 Very truly yours, 
  
 Liberty Telecom, LLC 
  

			
	 By:
	 	  

	 	 	         (Title)

  

 2 

 EXHIBIT F 
  

Standards for Utilities and Services 
  
 The following Standards for Utilities and Services are in effect. Landlord reserves the right to adopt nondiscriminatory modifications and additions hereto: 

 
 As long as Tenant is not in default under any of the terms, covenants, conditions,
provisions or agreements of this Lease, Landlord shall: 
  
 a. Provide
non-attended automatic elevator facilities Monday through Friday, except holidays, from 8 A.M. to 6 P.M., and have one elevator available at all other times. 
  
 b. On Monday through Friday, except holidays, from 8 A.M. to 6 P.M. (and other times for a reasonable additional charge to be fixed by Landlord), ventilate the Premises
and furnish air conditioning or heating on such days and hours, when in the judgment of Landlord it may be required for the comfortable occupancy of the premises. The air conditioning system achieves maximum cooling when the window coverings are
closed. Landlord shall not be responsible for room temperatures if Tenant does not keep all window coverings in the Premises closed whenever the system is in operation. Tenant agrees to cooperate fully at all times with Landlord, and to abide by all
regulations and requirements which Landlord may prescribe for the proper function and protection of said air conditioning system. Tenant agrees not to connect any apparatus, device, conduit or pipe to the Building chilled and hot water air
conditioning supply lines. Tenant further agrees that neither Tenant nor its servants, employees, agents, visitors, licensees or contractors shall at any time enter mechanical installations or facilities of the Building or adjust, tamper with, touch
or otherwise in any manner affect said installations or facilities. 
  
 c.
Landlord shall furnish to the Premises, during the usual business hours on business days, electric current as required by the Building standard office lighting and fractional horsepower office business machines in the amount of approximately two and
one-half (2.5) watts per square foot. Tenant agrees, should its electrical installation or electrical consumption be in excess of the aforesaid quantity or extend beyond normal business hours, to reimburse Landlord monthly for the measured
consumption at the terms, classifications and rates charged to similar consumers by said public utility serving the neighborhood in which the Building is located. If a separate meter is not installed at Tenant’s cost, such excess cost will be
established by an estimate agreed upon by Landlord and Tenant, and if the parties fail to agree, as established by an independent licensed engineer. Tenant agrees not to use any apparatus or device in, or upon, or about the premises which may in any
way increase the amount of such services usually furnished or supplied to said Premises, and Tenant further agrees not to connect any apparatus or device with wires, conduits or pipes, or other means by which such services are supplied, for the
purpose of using additional or unusual amounts of such services without written consent of Landlord. Should Tenant use the same to excess, the refusal on the part of Tenant to pay upon demand of Landlord the amount established by Landlord for such
excess charge shall constitute a breach of the obligation to pay rent under this Lease and shall 
  

 1 

 entitle Landlord to the rights therein granted for such breach. At all times Tenant’s use of electric current shall
never exceed the capacity of the feeders to the Building or the risers or wiring installation. 
  
 d. Water will be available in public areas for drinking and lavatory purposes only, but if Tenant requires, uses or consumes water for any purposes in addition to ordinary drinking and lavatory purposes of which fact
Tenant constitutes Landlord to be the sole judge, Landlord may install a water meter and thereby measure Tenant’s water consumption for all purposes. Tenant shall pay Landlord for the cost of the meter and the cost of the installation thereof
and throughout the duration of Tenant’s occupancy Tenant shall keep said meter and installation equipment in good working order and repair at Tenant’s own cost and expenses, in default of which Landlord may cause such meter and equipment
to be replaced or repaired and collect the cost thereof from Tenant. Tenant agrees to pay for water consumed, as shown on said meter, as and when bills are rendered, and on default in making such payment, Landlord may pay such charges and collect
the same from Tenant. Any such costs or expenses incurred, or payments made by Landlord for any of the reasons or purposes hereinabove stated shall be deemed to be additional rent payable by Tenant and collectible by Landlord as such. 
  
 e. Provide janitor service to the Premises, provided the same are used exclusively as
offices, and are kept reasonably in order by Tenant, and if to be kept clean by Tenant, no one other than persons approved by Landlord shall be permitted to enter the Premises for such purposes. If the Premises are not used exclusively as offices,
they shall be kept clean and in order by Tenant, at Tenant’s expense and to the satisfaction of Landlord, and by persons approved by Landlord. Tenant shall pay to Landlord the cost of removal of any of Tenant’s refuse and rubbish, to the
extent that the same exceeds the refuse and rubbish usually attendant upon the use of the Premises as offices. 
  
 Landlord reserves the right to stop service of the elevator, plumbing, ventilation, air conditioning and electric systems, when necessary, by reason of accident or emergency or for repairs, alterations or
improvements, in the judgment of Landlord desirable or necessary to be made, until said repairs, alterations or improvements shall have been completed, and shall further have no responsibility or liability for failure to supply elevator facilities,
plumbing, ventilating, air conditioning or electric service, when prevented from so doing by strike or accident or by any cause beyond Landlord’s reasonable control, or by laws, rules, orders, ordinances, directions, regulations or requirements
of any federal, state, country or municipal authority or failure of gas, oil or other suitable fuel supply or inability by exercise of reasonable diligence to obtain gas, oil or other suitable fuel. It is expressly understood and agreed that any
covenants on Landlord’s part to furnish any service pursuant to any of the terms, covenant, conditions, provisions or agreements of this Lease, or to perform any act or thing for the benefit of Tenant shall not be deemed breach if
Landlord’s unable to furnish or perform the same by virtue of a strike or labor trouble or any other cause whatsoever beyond Landlord’s control. 
  

 2

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