Document:

Form of Trust Agreement, with form of Certificate attached thereto

 Exhibit 4.1 
  
 STANDARD TERMS FOR TRUST AGREEMENTS 
  
 between 
  
 HEXAGON ABS CORP. 
  
 as Depositor 
  
 and

  
 U.S. BANK TRUST NATIONAL ASSOCIATION, 
  
 as Trustee and as Securities Intermediary 
  
 Dated as of [l] 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	ARTICLE I	  	 
		
	DEFINITIONS AND ASSUMPTIONS	  	 
			
	 Section 1.1.
	  	 Definitions
	  	1
	 Section 1.2.
	  	 Rules of Construction
	  	19
		
	ARTICLE II	  	 
		
	DECLARATION OF TRUSTS; ISSUANCE OF CERTIFICATES	  	 
			
	 Section 2.1.
	  	 Creation and Declaration of Trusts; Assignment of Deposited Assets
	  	19
	 Section 2.2.
	  	 Acceptance by Trustee
	  	21
	 Section 2.3.
	  	 Repurchase or Substitution of Certain Deposited Assets by the Deposited Asset Provider
	  	22
	 Section 2.4.
	  	 Representations and Warranties of the Depositor and Representations, Warranties and Covenants of the Administrative Agent
	  	23
	 Section 2.5.
	  	 Breach of Representation, Warranty or Covenant
	  	24
	 Section 2.6.
	  	 Agreement to Execute, Authenticate and Deliver Certificates
	  	24
	 Section 2.7.
	  	 Statement of Intent
	  	25
	 Section 2.8.
	  	 Custody and Holding of Deposited Assets
	  	25
		
	ARTICLE III	  	 
		
	ADMINISTRATION OF EACH TRUST	  	 
			
	 Section 3.1.
	  	 Administration of each Trust
	  	27
	 Section 3.2.
	  	 Sub-Administration Agreements Between Administrative Agent or Trustee and Sub-Administrative Agents
	  	28
	 Section 3.3.
	  	 Successor Sub-Administrative Agents
	  	28
	 Section 3.4.
	  	 Liability of the Administrative Agent
	  	29
	 Section 3.5.
	  	 No Contractual Relationship Between Certain Sub-Administrative Agents and Trustee or Certificateholders
	  	29
	 Section 3.6.
	  	 Assumption or Termination of Sub-Administration Agreements by Trustee
	  	29
	 Section 3.7.
	  	 Collection of Certain Deposited Asset Payments
	  	30
	 Section 3.8.
	  	 Collections by Sub-Administrative Agent
	  	30
	 Section 3.9.
	  	 Certificate Account
	  	30
	 Section 3.10.
	  	 Investment of Funds in the Accounts
	  	31
	 Section 3.11.
	  	 Maintenance of Credit Support
	  	32
	 Section 3.12.
	  	 Realization Upon Defaulted Deposited Assets
	  	33
	 Section 3.13.
	  	 [Intentionally Omitted]
	  	34
	 Section 3.14.
	  	 Administrative Agent’s Compensation and Reimbursement
	  	35
	 Section 3.15.
	  	 Statement as to Compliance
	  	35

  

 i 

					
	 Section 3.16.
	  	 Independent Public Accountants’ Administration Report
	  	35
	 Section 3.17.
	  	 Access to Certain Documentation
	  	36
	 Section 3.18.
	  	 Duties of the Administrative Agent
	  	36
	 Section 3.19.
	  	 Depositor to Furnish Names and Addresses of Certificateholders to Trustee
	  	36
	 Section 3.20.
	  	 Preservation of Information, Communications to Certificateholders
	  	36
	 Section 3.21.
	  	 Reports by Trustee
	  	37
		
	ARTICLE IV	  	 
		
	DISTRIBUTIONS AND REPORTS TO CERTIFICATEHOLDERS	  	 
			
	 Section 4.1.
	  	 Distributions
	  	37
	 Section 4.2.
	  	 Reports to Certificateholders
	  	37
	 Section 4.3.
	  	 Advances
	  	38
	 Section 4.4.
	  	 Compliance with Withholding Requirements
	  	39
	 Section 4.5.
	  	 Optional Exchange
	  	40
		
	ARTICLE V	  	 
		
	THE CERTIFICATES	  	 
			
	 Section 5.1.
	  	 The Certificates
	  	42
	 Section 5.2.
	  	 Execution, Authentication and Delivery
	  	46
	 Section 5.3.
	  	 Temporary Certificates
	  	47
	 Section 5.4.
	  	 Registration; Registration of Transfer and Exchange
	  	48
	 Section 5.5.
	  	 Mutilated, Destroyed, Lost and Stolen Certificates
	  	50
	 Section 5.6.
	  	 Distribution of Interest; Interest Rights Preserved
	  	51
	 Section 5.7.
	  	 Persons Deemed Owners
	  	52
	 Section 5.8.
	  	 Cancellation
	  	52
	 Section 5.9.
	  	 Global Securities
	  	52
	 Section 5.10.
	  	 Notices to Depositary
	  	53
	 Section 5.11.
	  	 Definitive Certificates
	  	54
	 Section 5.12.
	  	 Currency of Distributions in Respect of Certificates
	  	54
	 Section 5.13.
	  	 Conditions of Authentication and Delivery of New Series
	  	55
	 Section 5.14.
	  	 Appointment of Paying Agent
	  	56
	 Section 5.15.
	  	 Authenticating Agent
	  	56
	 Section 5.16.
	  	 Events of Default
	  	57
	 Section 5.17.
	  	 Control by Certificateholders
	  	57
	 Section 5.18.
	  	 Waiver of Past Defaults
	  	57
		
	ARTICLE VI	  	 
		
	THE DEPOSITOR AND THE ADMINISTRATIVE AGENT	  	 
			
	 Section 6.1.
	  	 Preparation and Filing of Exchange Act Reports; Obligations of the Trustee, the Depositor and the Administrative Agent
	  	58

  

 ii 

					
	 Section 6.2.
	  	 Merger or Consolidation of the Depositor or the Administrative Agent
	  	61
	 Section 6.3.
	  	 Limitation on Liability of the Depositor and the Administrative Agent; Indemnification
	  	62
	 Section 6.4.
	  	 Limitation on Resignation of the Administrative Agent
	  	63
	 Section 6.5.
	  	 Rights of the Depositor in Respect of the Administrative Agent
	  	63
	 Section 6.6.
	  	 Depositor May Purchase Certificates
	  	64
	 Section 6.7.
	  	 The Administrative Agent and Other Parties
	  	64
	 Section 6.8.
	  	 Preferential Collection of Claims Against Depositor
	  	64
		
	ARTICLE VII	  	 
		
	ADMINISTRATIVE AGENT TERMINATION EVENTS	  	 
			
	 Section 7.1.
	  	 Administrative Agent Termination Events
	  	64
	 Section 7.2.
	  	 Trustee to Act; Appointment of Successor
	  	66
	 Section 7.3.
	  	 Notification to Certificateholders
	  	67
	 Section 7.4.
	  	 Waiver of Administrative Agent Termination Events
	  	67
		
	ARTICLE VIII	  	 
		
	CONCERNING THE TRUSTEE	  	 
			
	 Section 8.1.
	  	 Duties of Trustee; Notice of Defaults
	  	68
	 Section 8.2.
	  	 Certain Matters Affecting the Trustee
	  	70
	 Section 8.3.
	  	 Trustee Not Liable for Recitals in Certificates or Underlying Securities
	  	72
	 Section 8.4.
	  	 Trustee May Own Certificates
	  	72
	 Section 8.5.
	  	 Trustee’s Fees and Expenses; Indemnification; Undertaking for Costs
	  	72
	 Section 8.6.
	  	 Eligibility Requirements for Trustee
	  	73
	 Section 8.7.
	  	 Resignation or Removal of the Trustee
	  	73
	 Section 8.8.
	  	 Successor Trustee
	  	74
	 Section 8.9.
	  	 Merger or Consolidation of Trustee
	  	74
	 Section 8.10.
	  	 Appointment of Co-Trustee or Separate Trustee
	  	75
	 Section 8.11.
	  	 Appointment of Office or Agency
	  	76
	 Section 8.12.
	  	 Representations and Warranties of Trustee
	  	76
	 Section 8.13.
	  	 Trustee to Act Only in Accordance With the Trust Agreement or Pursuant to Instructions of Certificateholders
	  	76
	 Section 8.14.
	  	 Accounting and Reports to Certificateholders, Internal Revenue Service and Others
	  	76
	 Section 8.15.
	  	 Signature on Returns
	  	77
		
	ARTICLE IX	  	 
		
	SECURITIES INTERMEDIARY	  	 
			
	 Section 9.1.
	  	 Resignation or Removal of the Securities Intermediary; Appointment of Successor Securities Intermediary
	  	77

  

 iii 

					
	ARTICLE X	  	 
		
	TERMINATION	  	 
			
	 Section 10.1.
	  	 Termination upon Purchase or Liquidation of All Underlying Securities
	  	79
		
	ARTICLE XI	  	 
		
	MISCELLANEOUS PROVISIONS	  	 
			
	 Section 11.1.
	  	 Amendment
	  	80
	 Section 11.2.
	  	 Counterparts
	  	81
	 Section 11.3.
	  	 Limitation on Rights of Certificateholders
	  	81
	 Section 11.4.
	  	 Governing Law
	  	82
	 Section 11.5.
	  	 Notices
	  	82
	 Section 11.6.
	  	 Severability of Provisions
	  	83
	 Section 11.7.
	  	 Notice to Rating Agencies
	  	83
	 Section 11.8.
	  	 Grant of Security Interest
	  	83
	 Section 11.9.
	  	 Nonpetition Covenant
	  	84
	 Section 11.10.
	  	 No Recourse
	  	85
	 Section 11.11.
	  	 Article and Section References
	  	85
	 Section 11.12.
	  	 Conflict with Trust Indenture Act
	  	85

  

 iv 

 RECONCILIATION AND TIE BETWEEN 
 TRUST INDENTURE ACT OF 1939 AND AGREEMENT PROVISIONS* 
  

			
	 Trust Indenture Act Section

	  	 Agreement Section

	 310(a) (1)
	  	8.6(a)
	 (a)(2)
	  	8.6(a)
	 (a)(3)
	  	8.10
	 (a)(4)
	  	8.1(d)
	 (a)(5)
	  	8.6(a)
	 (b)
	  	8.6(b), 8.7
	 (c)
	  	Not Applicable
	 311(a)
	  	6.8
	 (b)
	  	6.8
	 312(a)
	  	3.19, 3.20(a)
	 (b)
	  	3.20(b)
	 (c)
	  	3.20(c)
	 313(a)
	  	3.21
	 (b)
	  	3.21
	 (c)
	  	3.21
	 (d)
	  	3.21
	 314(a)
	  	6.1(a), 6.1(b)
	 (b)
	  	6.1(c), 6.1(d)
	 (c)(1)
	  	6.1(f)
	 (c)(2)
	  	6.1(f)
	 (c)(3)
	  	6.1(f)
	 (d)(1)
	  	6.1(e)
	 (d)(2)
	  	6.1(e)
	 (d)(3)
	  	Not Applicable
	 (e)
	  	6.1(f)
	 315(a)
	  	8.1(c)
	 (b)
	  	8.1(f)
	 (c)
	  	8.1(a)
	 (d)
	  	8.1(c)
	 (d)(1)
	  	8.1(c)
	 (d)(2)
	  	8.1(c)
	 (d)(3)
	  	8.1(c)
	 (e)
	  	8.5(c)
	 316(a)(1)(A)
	  	5.17
	 316(a)(1)(B)
	  	5.18
	 316(a)(2)
	  	Not Applicable
	 316(b)
	  	5.6(f), 4.1
	 316(c)
	  	5.7
	 317(a)
	  	3.12
	 317(b)
	  	5.14
	 318(a)
	  	10.12

	*	This reconciliation and tie shall not, for any purpose, be deemed to be part of the within agreement. 

  

 v 

 STANDARD TERMS FOR TRUST AGREEMENTS, dated as of [•] between HEXAGON ABS CORP., a Delaware
corporation, as depositor (the “Depositor”), and U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association, as trustee (in such capacity, the “Trustee”) and as securities intermediary (in such capacity,
the “Securities Intermediary”). 
  
 PRELIMINARY
STATEMENT 
  
 The Depositor, the Trustee and the Securities
Intermediary have duly authorized the execution and delivery of these Standard Terms for Trust Agreements (as amended or modified, these “Standard Terms”) to provide for one or more Series (and, if applicable, one or more Classes
within each such Series) of Pass-Through Repackaged Trust Certificates (the “Certificates”), issuable from time to time as provided in these Standard Terms. 
  
 Each such Series (or each Class within such Series) of Certificates will be issued pursuant to a separate series supplement
to these Standard Terms duly executed and delivered by the Depositor, the Administrative Agent, if any, specified in the applicable Series Supplement, and the Trustee. With respect to each Series of Certificates, these Standard Terms and, unless the
context otherwise requires, the related Series Supplement and all amendments thereto shall be known as the “Trust Agreement.” It is the intention of the parties hereto that the Trust for any Series created pursuant to such series
supplement to these Standard Terms constitute a statutory trust under the Delaware Statutory Trust Act, 12 Del. Code 3801 et seq. 
  
 All representations, covenants and agreements made in each Trust Agreement by each of the Depositor, the Administrative Agent, if any, the Trustee and the
Securities Intermediary are for the benefit and security of the Certificateholders of the related Series and, to the extent provided in the applicable Series Supplement, for the benefit and security of any other party specified therein (including,
if applicable, any Credit Support Provider). The Depositor and the Securities Intermediary are entering into these Standard Terms, and the Trustee is accepting the trusts created hereby, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged. 
  
 ARTICLE I

  
 DEFINITIONS AND ASSUMPTIONS 
  
 Section 1.1. Definitions. Except as otherwise specified herein or in
the applicable Series Supplement or as the context may otherwise require, the following terms have the respective meanings set forth below for all purposes of these Standard Terms. 
  
 “Account”: As defined in Section 3.10. 
  
 “Accounting Date”: With respect to any Series, if applicable, as defined in the related Series Supplement.

  
 “Accredited Investor”: A Person that
qualifies as an “accredited investor” within the meaning of Rule 501(a) under the Securities Act of 1933, as amended, and the regulations promulgated thereunder. 
  

 “Administrative Agent”: With respect to any Series of Certificates, the Person, if any,
specified in the applicable Series Supplement for such Series (which Person shall have agreed pursuant to such Series Supplement to assume all the duties, obligations, responsibilities and liabilities of the Administrative Agent as set forth in
these Standard Terms and such Series Supplement with respect to such Series), until a successor Person shall have become the Administrative Agent pursuant to the applicable provisions of these Standard Terms and such Series Supplement, and
thereafter “Administrative Agent” shall mean such successor Person. 
  
 “Accreted Amount”: With respect to each Series, if applicable, as defined in the related Series Supplement. 
  
 “Administrative Agent Termination Event”: As defined in Section 7.1. 
  
 “Administrative Fees”: With respect to each Series, if applicable, as defined in the related Series
Supplement. 
  
 “Advance”: As defined in Section
4.3. 
  
 “Affiliate”: With respect to any
specified Person, any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control,” when used with respect to any
specified Person, means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing. 
  
 “Authenticating Agent”: As defined in Section 5.15. 
  
 “Authorized Officer”: With respect to the Depositor, its President, any Director, any Vice President, its Secretary or its Treasurer; and with respect to the Administrative Agent, any officer
authorized to sign on behalf of the Administrative Agent, as further described in the Series Supplement. 
  
 “Authorized Newspaper”: A newspaper in an official language of the country of publication customarily published at least once a day, and
customarily published for at least five days in each calendar week, and of general circulation in such city or cities specified pursuant to Section 5.1 with respect to the Certificates of any Series. Where successive publications are required to be
made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day in such city. 
  
 “Available Funds”: Unless otherwise specified in the
applicable Series Supplement, for any Distribution Date in respect of a given Series or Class, the sum of (i) all amounts actually received on or with respect to the Underlying Securities (including Liquidation Proceeds and investment income on
amounts in the Accounts) with respect to such Series during the related Collection Period, (ii) all amounts received pursuant to any Credit Support Documents with respect to such Series for such Distribution Date and (iii) all other amounts, if any,
specified by the applicable Series Supplement. 
  

 2 

 “Basic Documents”: With respect to any Series, if applicable, as defined in the related
Series Supplement. 
  
 “Book-Entry Securities”:
Securities maintained in the form of entries (including the Security Entitlements in such Securities) in the commercial book-entry system of the Fed and held for the Trustee, directly or indirectly, by any Trustee’s Fed Member. Book-Entry
Securities shall not include, in any event, any Certificated Security (or any Security Entitlement in any Certificated Security) held, directly or indirectly, through a Clearing Corporation. 
  
 “Business Day”: With respect to any Series (or Class within
such Series) of Certificates, as defined in the related Series Supplement. 
  
 “Calculation Agent”: With respect to each Series, as defined in the related Series Supplement. 
  
 “Call Premium Percentage”: With respect to any Series (or Class within such Series), if applicable, as defined in the related Series
Supplement. 
  
 “Certificate Account”: As defined
in Section 3.9. 
  
 “Certificate Owners”: As
defined in Section 5.9. 
  
 “Certificate Principal
Amount”: With respect to an Outstanding Certificate, as determined at any time, the maximum amount that the Certificateholder thereof is entitled to receive as distributions allocable to principal payments on the Underlying Securities. The
Certificate Principal Amount, if any, of any Class within a given Series (other than those Classes, if any, specified in the related Series Supplement), as of any date of determination, shall be equal to the aggregate initial Certificate Principal
Amount thereof less the sum of (i) all amounts allocable to prior distributions made to such Class in respect of principal of the Underlying Securities and (ii) any reductions attributable to Certificates surrendered in exchange for Underlying
Securities, as and to the extent provided in the applicable Series Supplement. 
  
 “Certificate Register” and “Certificate Registrar”: As respectively defined in Section 5.4. 
  
 “Certificated Security”: The meaning specified in Section 8-102(a)(4) of the Uniform Commercial Code. 
  
 “Certificateholder”: Any holder of a Certificate.

  
 “Certificates”: Any Certificates authorized
by, and authenticated and delivered under, these Standard Terms. 
  
 “Class”: With respect to any Series, any one of the classes of Certificates of such Series, each consisting of Certificates having identical terms. 
  
 “Clearing Corporation”: The meaning specified in Section 8-102(a)(5) of the Uniform Commercial Code.

  

 3 

 “Closing Date”: With respect to any Series, the day on which Certificates of such Series
are first executed, authenticated and delivered, as specified in the applicable Series Supplement. 
  
 “Code”: The Internal Revenue Code of 1986, as amended. 
  
 “Collection Period”: With respect to any Distribution Date for a Series (or Class within such Series), the
period specified in the related Series Supplement. 
  
 “Commission”: The Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act or, if at any time after the execution and delivery of these Standard Terms such Commission is not
existing and performing the duties now assigned to it, then the body then performing such duties. 
  
 “Corporate Trust Office”: The principal corporate trust office of the Trustee located at the address set forth in the related Series
Supplement or such other addresses as the Trustee may designate from time to time by notice to the Certificateholders, the Administrative Agent, if any, and the Depositor, or the principal corporate trust office of any successor Trustee (or such
other addresses as a successor Trustee may designate from time to time by notice to the Certificateholders, the Administrative Agent, if any, and the Depositor). 
  
 “Credit Support”: With respect to any Series (or any Class within such Series), a Letter of Credit, surety
bond, financial guaranty, insurance policy, reserve account, Swap Agreement, put or call option or other asset intended to support or ensure the timely or ultimate distributions of amounts due in respect of all or certain of the Underlying
Securities for such Series or Class, which in each case is specified as such in the related Series Supplement. 
  
 “Credit Support Document”: The instrument or document pursuant to which the Credit Support for a given Series (or any Class within such
Series) is provided, as specified in the applicable Series Supplement. 
  
 “Credit Support Provider”: With respect to any Series (or any Class within such Series), the Person, if any, that will provide any Credit Support. 
  
 “Currency”: Unless otherwise set forth in the related Series Supplement, Dollars. 
  
 “Cut-off Date”: With respect to any Series, the date
specified as such in the related Series Supplement. For purposes of these Standard Terms, any Underlying Security acquired by the Depositor after the applicable Cut-off Date but prior to the applicable Closing Date and included in the related Trust
as of such Closing Date shall be deemed to have been Outstanding as of such Cut-off Date and references to the principal amount of such Underlying Security as of such Cut-off Date shall be deemed to be to the principal amount of such Underlying
Security as of the date on which it was acquired by the Depositor. 
  
 “Definitive Certificates”: As defined in Section 5.9. 
  
 “Deleted Deposited Asset”: An Underlying Security replaced or to be replaced by a Qualified Substitute Deposited Asset. 
  

 4 

 “Delivery”: With respect to any Deposited Assets, Delivery shall mean (terms used in the
following clauses that are not otherwise defined are used as defined in Article 8 of the Uniform Commercial Code): 
  
 (i) in the case of each certificated security (other than a clearing corporation security (as defined below)) or instrument, by:

  
 (1) the delivery of such certificated
security or instrument to the Securities Intermediary registered in the name of the Securities Intermediary or its affiliated nominee or endorsed to the Securities Intermediary or in blank, 
  
 (2) the Securities Intermediary continuously indicating by
book-entry that such certificated security or instrument is credited to the applicable Certificate Account, and 
  
 (3) the Securities Intermediary maintaining continuous possession of such certificated security or instrument; 
  
 (ii) in the case of each uncertificated security (other than
a clearing corporation security), by causing: 
  
 (1) such uncertificated security to be continuously registered on the books of the issuer thereof to the Securities Intermediary, and 
  
 (2) the Securities Intermediary continuously indicating by book-entry that such uncertificated security is credited to the applicable
Certificate Account; 
  
 (iii) in the case of
each security in the custody of or maintained on the books of a clearing corporation or its nominee (a “clearing corporation security”), by causing: 
  
 (1) the relevant clearing corporation to credit such clearing corporation security to the securities account
of the Securities Intermediary, and 
  
 (2) the
Securities Intermediary continuously indicating by book-entry that such clearing corporation security is credited to the applicable Certificate Account; 
  
 (iv) in the case of each security issued or guaranteed by the United States of America or agency or instrumentality thereof and that is
maintained in book-entry records of the Federal Reserve Bank of New York (“FRBNY”) (each such security, a “government security”), by causing: 
  
 (1) the creation of a security entitlement to such government security by the credit of such government
security to the securities account of the Securities Intermediary at the FRBNY, and 
  
 (2) the Securities Intermediary continuously indicating by book-entry that such government security is credited to the applicable
Certificate Account; 
  

 5 

 (v) in the case of each security entitlement not governed by clauses (i) through (iv)
above, by: 
  
 (1) causing a securities
intermediary (x) to indicate by book-entry that the underlying “financial asset” (as defined in Section 8-102(a)(9) of the Uniform Commercial Code) has been credited to the Securities Intermediary’s securities account, (y) to receive
a financial asset from the Securities Intermediary or acquiring the underlying financial asset for the Securities Intermediary, and in either case, accepting it for credit to the Securities Intermediary’s securities account or (z) to become
obligated under other law, regulation or rule to credit the underlying financial asset to the Security Intermediary’s securities account, 
  
 (2) the making by such securities intermediary of entries on its books and records continuously identifying such security entitlement as
belonging to the Securities Intermediary and continuously indicating by book-entry that such security entitlement is credited to the Securities Intermediary’s securities account, and 
  
 (3) the Securities Intermediary continuously indicating by
book-entry that such security entitlement (or all rights and property of the Securities Intermediary representing such security entitlement) is credited to the applicable Certificate Account; and 
  
 (vi) in the case of cash or money, by: 
  
 (1) the delivery of such cash or money to the Securities
Intermediary, 
  
 (2) the Securities Intermediary
treating such cash or money as a financial asset maintained by such Securities Intermediary for credit to the applicable Certificate Account in accordance with the provisions of Article 8 of the Uniform Commercial Code, and 
  
 (3) causing the Securities Intermediary to continuously
indicate by book-entry that such cash or money is credited to the applicable Certificate Account. 
  
 “Depositary”: With respect to the Certificates of any Series (or Class within such Series) issuable in whole or in part in the form of
one or more Global Securities, the Person designated as Depositary in the applicable Series Supplement until a successor Depositary shall have become such pursuant to the applicable provisions of these Standard Terms, and thereafter
“Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Certificates of any such Series or Class shall
mean the Depositary with respect to the Certificates of that Series or Class. 
  
 “Depositary Agreement”: If applicable, the agreement pursuant to which the Depositary will agree to act as Depositary with respect to any Series (or Class within such Series) of Certificates.

  

 6 

 “Deposited Asset Provider”: With respect to any Deposited Asset purchased pursuant to a
Deposited Asset Purchase Agreement, each entity specified as such in the applicable Series Supplement or its successor in interest. 
  
 “Deposited Asset Purchase Agreement”: With respect to certain Series of Certificates, as designated in the applicable Series Supplement,
the purchase agreement providing for the purchase by the Depositor of one or more Underlying Securities for such Series, substantially in the form acceptable to the Depositor, provided, that if required by the applicable Series Supplement,
such agreement shall provide for the repurchase of such Underlying Securities on the terms set forth in Section 2.3. 
  
 “Deposited Assets”: With respect to any Series, the following assets, properties and items (together with the accounts and book-entry
accounts containing or reflecting, directly or indirectly, such assets, properties and items), in each case, wherever located, however held and whether now owned or existing or hereafter acquired or arising: 
  
 (i) all Underlying Securities; 
  
 (ii) all payments receivable or received in respect of the
Underlying Securities in respect of such Series including the immediate and continuing right to claim for, collect, receive and give receipt for principal, premium, if any, and interest payments on or in respect of such Underlying Securities and all
other monies payable thereunder; 
  
 (iii) all
Financial Assets, Security Entitlements and Investment Property in, constituting, evidenced by, resulting from or otherwise related to, any of the Deposited Assets; 
  
 (iv) all other rights and remedies (but none of the obligations) comprising, arising or resulting from or
related to the sale of the Deposited Assets including, without limitation, the right to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options of the Depositor, to bring Proceedings
in the name of the Depositor or otherwise, and generally to exercise all of the rights and remedies of the Depositor and to do and receive anything that the Depositor is or may be entitled to do or receive thereunder or with respect thereto;

  
 (v) any other assets identified as Deposited
Assets in the related Series Supplement, which assets may include cash, cash equivalents, guarantees, letters of credit, financial insurance, interest rate, currency, equity, commodity and credit-linked swaps, caps, floors, collars and options,
forward contracts, structured securities and other instruments and transactions that credit enhance, hedge or otherwise support the Underlying Securities designed to assure the servicing or timely distribution of payments to Certificateholders; and

  
 (vi) all “proceeds” (as defined in
the Uniform Commercial Code) of any or all of the foregoing. 
  
 “Deposited Assets Schedule”: With respect to any Series, a listing of the Deposited Assets for such Series as of the Closing Date, including, with respect to each 

  

 7 

 
Underlying Security or other Deposited Asset, the obligor and the principal balance thereof, which shall be attached as a schedule to the related Series
Supplement. 
  
 “Depositor”: Hexagon ABS Corp., a
Delaware corporation, and, if a successor Person shall have become the Depositor pursuant to any applicable provisions of these Standard Terms, “Depositor” shall mean such successor Person. 
  
 “Depositor Order” or “Depositor Request”: A
written order or request, respectively, signed in the name of the Depositor by any of its Authorized Officers and delivered to the Trustee. 
  
 “Discount Certificate”: Any Certificate that is issued with “original issue discount” within the meaning of Section 1273(a) of
the Code and any other Certificate designated by the Depositor as issued with original issue discount for United States federal income tax purposes. 
  
 “Distribution Date”: With respect to any Series (or Class within such Series) of Certificates, each date specified as a
“Distribution Date” for such Series (or Class) in the related Series Supplement. 
  
 “Dollar” or “$” or “USD”: Such currency of the United States as at the time of payment is legal tender for the payment of public and private debts. 
  
 “Eligible Account”: Either (i) an account or accounts
maintained with a federal or state chartered depository institution or trust company the long term unsecured debt obligations of which are rated by the Rating Agencies the higher of (x) at least the then current long-term rating of the Underlying
Securities or (y) in one of the two highest long-term rating categories (unless otherwise specified in the Series Supplement) at the time any amounts are held in deposit therein or (ii) a trust account or accounts maintained as a segregated account
or as segregated accounts and held by a federal or state chartered depository institution, national banking association or trust company in trust for the benefit of the Certificateholders; provided, however, that such depositary
institution, national banking association or trust company (or its parent) has a long-term rating in one of the four respective highest categories by the Rating Agencies. 
  
 “Event of Default”: With respect to any Series (or Class within such Series) of Certificates, as specified
in the related Series Supplement. 
  
 “Exchange
Act”: The Securities Exchange Act of 1934, as amended. 
  
 “Exchange Rate Agent”: With respect to any Series (or Class within such Series) of Certificates, if applicable, the Depositor or its agent so specified in the related Series Supplement. 
  
 “Extraordinary Trust Expense”: With respect to any Series,
as specified in the related Series Supplement. 
  
 “Fed”: The Federal Reserve Bank of New York. 
  

 8 

 “Fed Member Securities Account”: In respect of any Person, an account in the name of
such Person at the Fed, to which account Book-Entry Securities held for such Person are or may be credited. 
  
 “Federal Book-Entry Regulations”: (a) the Federal regulations contained in Subpart B (“Treasury/Reserve Automated Debt Entry System
(TRADES)” governing Book-Entry Securities consisting of U.S. Treasury bonds, notes and bills) and Subpart D (“Additional Provisions”) of 31 C.F.R. Part 357, 31 C.F.R. §§ 357.10 through §§ 357.14 and ss.
357.41 through §§ 357.44 (including related defined terms in 31 C.F.R. §§ 357.2) and (b) to the extent substantially identical to the federal regulations referred to in clause (a) above (as in effect from time to time), the
federal regulations governing other Book-Entry Securities. 
  
 “Final Scheduled Distribution Date”: With respect to each Series, as defined in the Series Supplement. 
  
 “Financial Asset”: As defined in Section 8-102(a)(9) of the Uniform Commercial Code. 
  
 “Fixed Pass Through Rate”: With respect to any Fixed Rate
Certificate, as defined in the related Series Supplement. 
  
 “Fixed Rate Certificate”: A Certificate that provides for a payment of interest at a Fixed Pass Through Rate. 
  
 “Floating Pass Through Rate”: With respect to any Floating Rate Certificate, as defined in the related Series Supplement. 
  
 “Floating Rate Certificate”: A Certificate that provides for
the payment of interest at a Floating Pass Through Rate determined periodically by reference to a formula specified pursuant to Section 5.1 and the related Series Supplement. 
  
 “Foreign Currency”: A currency issued by the government of any country other than the United States or a
composite currency the value of which is determined by reference to the values of the currencies of any group of countries. 
  
 “Global Security”: A Certificate evidencing all or part of a Series (or Class within such Series) of Certificates, issued to the
Depositary for such Series or Class in accordance with Section 5.9 and bearing the legend prescribed therein. 
  
 “Guaranteed Investment Contract”: With respect to any Series (or Class within such Series), a guaranteed investment contract or surety
bond provided for in the related Series Supplement, sold as part of the Trust or to the Trustee for the benefit of the Certificateholders for such Series, providing for the investment of funds in a related Account or related Accounts and insuring a
minimum or a fixed rate of return on the investment of such funds, which contract or surety bond shall be an obligation of an insurance company or other entity whose rating at the time of purchase of such guaranteed investment contract or surety
bond is no lower than the rating on the Underlying Securities and shall satisfy any other requirements specified in such Series Supplement. 
  

 9 

 “Independent”: When used with respect to any Person means that the Person (1) is in fact
independent of the Depositor and the Administrative Agent, if any, and of any Affiliate of any of the foregoing Persons, (2) does not have any direct or indirect material financial interest in the Depositor or the Administrative Agent, if any, or in
any Affiliate of either of the foregoing Persons and (3) is not connected with the Depositor or the Administrative Agent, if any, as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions.

  
 “Independent Certificate”: means a
certificate of an Independent Person, as required by the TIA. 
  
 “Investment Property”: As defined in Section 9-102(a)(49) of the Uniform Commercial Code. 
  
 “Letter of Credit”: With respect to any Series (or Class within such Series), the letter of credit, if any, providing for the payment of
all or a portion of amounts due in respect of such Series (or Class), issued to the Trustee for the benefit of the Certificateholders of such Series or Class, issued by the related Credit Support Provider, all as specified in the related Series
Supplement. 
  
 “Limited Guarantor”: With respect
to the Underlying Securities relating to any Series (or Class within such Series), a Person specified in the related Series Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect
of such Series (or Class) as and to the extent specified in such Series Supplement. 
  
 “Limited Guaranty”: With respect to any Series or Class within such Series, any guarantee of or insurance policy or other comparable form of credit enhancement with respect to amounts required to be
distributed in respect of such Series or Class or payments under all or certain of the Underlying Securities relating to such Series or Class, executed and delivered by a Limited Guarantor in favor of the Trustee, for the benefit of the
Certificateholders, as specified in the related Series Supplement. 
  
 “Liquidation Proceeds”: The amounts received by the Administrative Agent, if any, or the Trustee in connection with (i) the liquidation of a defaulted Underlying Security or collateral, if any, related thereto or (ii) the
repurchase, substitution or sale of an Underlying Security. 
  
 “Notional Amount”: With respect to any Class, if applicable, the initial notional amount specified in the related Series Supplement on which distributions of interest may be determined at the applicable Pass Through Rate,
as such notional amount may be adjusted as specified in such Series Supplement. 
  
 “Officer’s Certificate”: A certificate signed by any one (or, if specified in these Standard Terms or any Series Supplement, more than one) Authorized Officer of the Depositor or Administrative
Agent, as applicable, or, in the case of the Trustee, a Responsible Officer. 
  

 10 

 “Opinion of Counsel”: A written opinion of counsel acceptable to the Trustee, which
counsel may, except as otherwise expressly provided in these Standard Terms or in the related Series Supplement, be counsel to the Depositor or the Administrative Agent, if any, except that any opinion of counsel relating to the qualification of any
account required to be maintained pursuant to these Standard Terms as an Eligible Account must state that it is an opinion of counsel who is in fact Independent of the Depositor and the Administrative Agent, if any. 
  
 “Optional Exchange Date”: With respect to any Series (or
Class with such Series), as defined, if applicable, in the related Series Supplement. 
  
 “Outstanding”: With respect to Certificates of a specified Series (or Class within such Series), as of any date of determination, all such Certificates theretofore executed, authenticated and
delivered under these Standard Terms and the related Series Supplement except: 
  
 (i) Certificates theretofore cancelled by the Certificate Registrar or delivered to the Certificate Registrar for cancellation; and

  
 (ii) Certificates in exchange for or in lieu
of which other Certificates have been executed, authenticated and delivered pursuant to these Standard Terms, unless proof satisfactory to the Trustee is presented that any such Certificates are held by a bona fide purchaser in whose hands such
Certificates are valid obligations of the Trust; 
  
 provided,
however, that in determining whether the Certificateholders of the required percentage of the aggregate Voting Rights of the Certificates have given any request, demand, authorization, direction, notice, consent or waiver hereunder,
Certificates beneficially owned by the Depositor, or any Affiliate thereof, shall be disregarded and deemed not to be Outstanding, and the Voting Rights to which its Certificateholder would otherwise be entitled shall not be taken into account in
determining whether the requisite percentage of aggregate Voting Rights necessary to effect any such consent or take any such action has been obtained except that, in determining whether the Trustee shall be protected in relying upon any such
request, demand, authorization, direction, notice, consent or waiver, only Certificates with respect to which the Depositor has provided the Trustee an Officer’s Certificate stating that such Certificates are so owned shall be so disregarded.
Certificates so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee by certifying to such effect in an Officer’s Certificate the pledgee’s right so to act
with respect to such Certificates and that the pledgee is not, to the actual knowledge of the Trustee without any duty of investigation, the Depositor, the Administrative Agent, if any, or any Affiliate of any thereof so owned. The principal amount
or notional amount, as applicable, of a Discount Certificate that shall be deemed to be Outstanding for the determination referred to in the foregoing proviso shall be the Certificate Principal Amount or Notional Amount, as applicable, with respect
thereto as of the date of such determination, and the principal amount or notional amount, as applicable, of a Certificate denominated in a Foreign Currency that shall be deemed to be Outstanding for purposes of the determination referred to in the
foregoing provision shall be the amount calculated pursuant to Section 5.12(c). 
  

 11 

 “Participant”: A broker, dealer, bank, other financial institution or other Person for
whom from time to time a Depositary effects book-entry transfers and pledges of securities deposited with the Depositary. 
  
 “Pass Through Rate”: With respect to any Series (or Class within such Series) of Certificates (except certain Discount Certificates and
Certificates entitled to nominal or no interest distributions) the annual rate at which interest accrues on the Certificates of such Series (or Class), which may be a fixed rate or a floating rate of interest, determined upon the basis and in the
manner specified in the related Series Supplement. 
  
 “Paying Agent”: As defined in Section 5.14. 
  
 “Permitted Investments”: With respect to any Series, unless otherwise specified in the related Series Supplement, any one or more of the following obligations or securities, provided that the total return specified by the
terms of each such obligation or security is at least equal to the purchase price thereof: 
  
 (i) direct obligations of, and obligations fully guaranteed by, the United States, the Federal Home Loan Mortgage Corporation, the Federal
National Mortgage Association, the Federal Farm Credit System or any agency or instrumentality of the United States the obligations of which are backed by the full faith and credit of the United States of America; provided that obligations
of, or guaranteed by, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the Federal Farm Credit System shall be Permitted Investments only if, at the time of investment, it has the rating specified in such
Series Supplement for Permitted Investments; 
  
 (ii) demand and time deposits in, certificates of deposit of, or banker’s acceptances issued by any depository institution or trust company (including the Trustee or any agent of the Trustee acting in their respective commercial
capacities) incorporated under the laws of the United States or any State and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper and/or the short-term debt obligations of such
depository institution or trust company (or, in the case of a depository institution which is the principal subsidiary of a holding company, the commercial paper or other short-term debt obligations of such holding company) at the time of such
investment or contractual commitment providing for such investment have the rating specified in such Series Supplement for Permitted Investments; provided, however, that such rating shall be no lower than the rating on the Underlying
Securities at the time of purchase of the investments; 
  
 (iii) repurchase agreements with respect to (a) any security described in clause (i) above or (b) any other security issued or guaranteed by an agency or instrumentality of the United States, with an entity having the credit rating
specified in such Series Supplement for Permitted Investments; 
  
 (iv) securities bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States or any State that have the rating 

  

 12 

 
specified in such Series Supplement for Permitted Investments at the time of such investment or contractual commitment providing for such investment;
provided, however, that such rating shall be no lower than the rating on the Underlying Securities; provided further that securities issued by any particular corporation will not be Permitted Investments to the extent
that investment therein will cause the then outstanding principal amount of securities issued by such corporation and held as part of the Trust for such Series to exceed 10% of the aggregate outstanding principal balances and amounts of all the
Underlying Securities and Permitted Investments held as part of the Trust for such Series; 
  
 (v) commercial paper having at the time of such investment the rating specified in the Series Supplement for Permitted Investments; and

  
 (vi) a Guaranteed Investment Contract if and
only if specified in the related Series Supplement, provided that the Rating Agency Condition is met. 
  
 “Person”: Any individual, corporation, partnership, joint venture, association, joint stock company, limited liability company, trust
(including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof. 
  
 “Place of Distribution”: With respect to any Series (or Class within such Series) of Certificates, the place or places where the
principal of (and premium, if any) and interest on the Certificates of such Series (or Class) are distributable as specified pursuant to Section 5.1. 
  
 “Predecessor Certificate”: With respect to any particular Certificate, every previous Certificate evidencing all or a portion of the same
interest as that evidenced by such particular Certificate; and, for the purpose of this definition, any Certificate authenticated and delivered under Section 5.5 in lieu of a lost, destroyed or stolen Certificate shall be deemed to evidence the same
interest as the lost, destroyed or stolen Certificate. 
  
 “Proceeding”: Any suit in equity, action at law or other judicial or administrative proceeding. 
  
 “Purchase Price”: With respect to any Underlying Security required to be repurchased by the Deposited Asset Provider pursuant to Section
2.3 and as confirmed by an Officer’s Certificate from the Administrative Agent, if any, or the Depositor, as the case may be, to the Trustee, an amount equal to the sum of (i) the greater of (x) 100% of the principal balance thereof as of the
date of such purchase or (y) if the Underlying Security was purchased at a premium above face value, the price paid therefor, (ii) accrued and unpaid interest thereon from the immediately preceding interest allocation date, or if no interest has
been paid to the Trust with respect thereto, from the Cut-Off Date, in each case at a rate equal to the Fixed Pass Through Rate or the then applicable Floating Pass Through Rate, as the case may be, as specified in the applicable Series Supplement,
on the principal balance of such Underlying Security as of the close of business on the Business Day immediately preceding the date of purchase or such other day as may be specified in the applicable Series Supplement on which such purchase is to
occur, (iii) any unreimbursed Advances and any unpaid Administrative Fees allocable to such Underlying Security, (iv) expenses reasonably incurred or to be incurred by the Administrative 

  

 13 

 
Agent, if any, or the Trustee in respect of the breach or defect giving rise to the purchase obligation, including any expenses arising out of the
enforcement of the purchase obligation and (v) any realized losses previously incurred with respect to such Underlying Security and allocated to Certificateholders on or before the date of purchase. 
  
 “Qualified Substitute Deposited Asset”: With respect to any
Series, as defined, if applicable, in the related Series Supplement. 
  
 “Rating Agencies”: With respect to any Series (or Class within such Series), as defined in the related Series Supplement. 
  
 “Rating Agency Condition”: With respect to any action or occurrence, unless otherwise specified in the applicable Series Supplement, that
each Rating Agency shall have been given 10 days (or such shorter period acceptable to each Rating Agency) prior notice thereof and that each Rating Agency shall have notified the Depositor, the Trustee and the Administrative Agent, if any, in
writing that such action or occurrence will not result in a qualification, reduction or withdrawal of the then current rating of any Certificate of the applicable Series. 
  
 “Record Date”: With respect to any Distribution Date for any Series (or Class within such Series) of
Certificates, the date specified in the related Series Supplement. 
  
 “Related Proceeds”: With respect to any Series, amounts held in the related Certificate Account representing late recoveries on the Underlying Securities, Credit Support proceeds, if any, or Liquidation Proceeds.

  
 “Required Interest”: Unless otherwise
specified in the related Series Supplement, with respect to the Outstanding Certificates of any Series or any Class thereof, the accrued and undistributed interest on the Certificate Principal Amount or Notional Amount of such Outstanding
Certificates computed at the applicable Pass Through Rate. 
  
 “Required Percentages”: With respect to any Series, the required percentages of the aggregate Voting Rights of Certificates of such Series in “Required Percentage-Amendment”; “Required
Percentage—Definitive Certificates”; “Required Percentage-Direction of Trustee”; “Required Percentage—Remedies”; “Required Percentage-Removal of Securities Intermediary”; “Required
Percentage—Removal of Trustee”; and “Required Percentage—Waiver,” each as defined below. 
  
 “Required Percentage—Amendment”: Unless otherwise specified in the related Series Supplement, 66-2/3% of the aggregate Voting Rights
of Certificates of such Series (or of a designated Class or group of Classes within such Series) (either voting as separate Classes or as a single Class) applicable to such matter, all as specified in the applicable Series Supplement. 
  
 “Required Percentage—Definitive Certificates”: Unless
otherwise specified in the related Series Supplement, greater than 50% of the aggregate Voting Rights of Certificates of such Series. 
  

 14 

 “Required Percentage—Direction of Trustee”: Unless otherwise specified in the
related Series Supplement, greater than 50% of the aggregate Voting Rights of Certificates of such Series. 
  
 “Required Percentage—Remedies”: Unless otherwise specified in the related Series Supplement, 66-2/3% of the aggregate Voting Rights
of Certificates of such Series. 
  
 “Required
Percentage—Removal of Securities Intermediary”: Unless otherwise specified in the related Series Supplement, greater than 50% of the aggregate Voting Rights of Certificates of such Series. 
  
 “Required Percentage—Removal of Trustee”: Unless
otherwise specified in the related Series Supplement, greater than 50% of the aggregate Voting Rights of Certificates of such Series. 
  
 “Required Percentage—Waiver”: Unless otherwise specified in the related Series Supplement, 66-2/3% of the aggregate Voting Rights of
Certificates of such Series. 
  
 “Required
Premium”: If applicable, unless otherwise specified in the related Series Supplement, with respect to the Certificates of any Series or any Class thereof, an amount equal to the product, as determined on any Distribution Date with respect
to such Series or Class, of (i) the Required Principal for such Series or Class and (ii) the Call Premium Percentage for such Series or Class. 
  
 “Required Principal”: As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise
specified in the related Series Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from Credit Support, if any, and Advances, if any, but excluding amounts in respect
of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of Certificates of such Series (or Class) in accordance with the
terms of such Certificates and such related Series Supplement. 
  
 “Required Rating”: With respect to any Series (or Class within such Series), the rating category (or categories) specified in the Series Supplement that, as a condition to the issuance of such Series or Class, is (or are)
the lowest respective category (or categories) in which the Certificates of such Series or Class may be categorized by the Rating Agencies. 
  
 “Requisite Reserve Amount”: As of any date with respect to any Series (or Class within such Series) of Certificates, the amount, if any,
required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Series Supplement. 
  
 “Reserve Account”: An Eligible Account, if any, created and maintained pursuant to Section 3.11 and specified in the related Series
Supplement. 
  
 “Responsible Officer”: With
respect to the Trustee, any officer within the Corporate Trust Office of the Trustee, including any Vice President, Assistant Vice President, 

  

 15 

 
Assistant Treasurer, Assistant Secretary or any other officer of the Trustee customarily performing functions similar to those performed by any of the above
designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 
  
 “Retained Interest”: If applicable, with respect to any
Underlying Security, an ownership interest in and a right to a portion of the payments thereon by the obligor thereof, as specified in the Deposited Assets Schedule to the related Series Supplement, held by the Person so specified in such Deposited
Assets Schedule. 
  
 “Scheduled Final Distribution
Date”: With respect to any Certificate, the date on which all the unpaid principal of (and premium, if any, on) such Certificate is scheduled, without giving effect to any prepayment, exchange or early termination, to become due and payable
as provided therein and in the applicable Series Supplement. 
  
 “Securities Account”: As defined in Section 8-501(a) of the Uniform Commercial Code. 
  
 “Securities Control”: “Control” as defined in Section 8-106 of the Uniform Commercial Code and, for purposes of determining an
interest in Investment Property, “control” as defined in Section 9-106 of the Uniform Commercial Code. 
  
 “Securities Intermediary”: With respect to any Series, the Securities Intermediary shall be the Person specified in the related Trust
Agreement until a successor Person shall have become the Securities Intermediary pursuant to the applicable provisions of these Standard Terms and the applicable Series Supplement, and thereafter “Securities Intermediary” shall mean such
successor Person. 
  
 “Security”: As defined in
Section 8-102(a)(15) of the Uniform Commercial Code. 
  
 “Security Certificate”: As defined in Section 8-102(a)(16) of the Uniform Commercial Code. 
  
 “Security Entitlement”: As defined in Section 8-102(a)(17) of the Uniform Commercial Code or, in respect of any Book-Entry Security, as
defined in 31 C.F.R. Section 357.2 (or, as applicable to such Book-Entry Security, the corresponding Federal Book-Entry Regulations). 
  
 “Series”: A separate series of Certificates issued pursuant to these Standard Terms and a related Series Supplement, which series may be
divided into two or more Classes, as provided in such Series Supplement. 
  
 “Series Supplement”: An agreement incorporating these Standard Terms that authorizes the issuance of a particular Series (and each Class within such Series) of Certificates. 
  
 “Specified Currency”: As defined in the related Series
Supplement. 
  

 16 

 “State”: Any one of the 50 states of the United States or the District of Columbia.

  
 “Sub-Administration Account”: As defined in
Section 3.8. 
  
 “Sub-Administration Agreement”:
The written contract, if any, between the Administrative Agent, if any, specified in the applicable Series Supplement, or the Trustee and a Sub-Administrative Agent and any successor Administrative Agent or Trustee or Sub-Administrative Agent
relating to the administration of an Underlying Security or certain Underlying Securities as provided in Section 3.2. 
  
 “Sub-Administrative Agent”: Any Person with which the Administrative Agent, if any, specified in the applicable Series Supplement, or the
Trustee has entered into a Sub-Administration Agreement and which meets the qualifications of a Sub-Administrative Agent pursuant to Section 3.2. 
  
 “Surety Bond”: If so specified in the Series Supplement, with respect to any Series (or Class within such Series) of Certificates, the
surety bond providing for the distribution under certain circumstances specified in such Series Supplement of amounts to the Certificateholders of such Series (or Class), which surety bond will be issued to the Trustee for the benefit of such
Certificateholders by the related Credit Support Provider, all as specified in such Series Supplement. 
  
 “Swap Agreement”: If so specified in the Series Supplement with respect to any Series, the ISDA Master Agreement dated as of the Closing
Date by and between the Trust and the Swap Counterparty, together with the schedule thereto and the Confirmation thereunder, as each may be amended or supplemented from time to time as provided therein. 
  
 “Swap Counterparty”: If so specified in the Series
Supplement with respect to any Series (or Class within such Series), as specified in such Series Supplement. 
  
 “Swap Distribution Amount”: If so specified in the Series Supplement with respect to any Series, all amounts then due and owing to the
Swap Counterparty pursuant to the Swap Agreement, other than Swap Termination Payments. 
  
 “Swap Guarantee”: If so specified in the Series Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit
to the Swap Agreement. 
  
 “Swap Guarantor”: If
so specified in the Series Supplement with respect to any Series, the guarantor specified as such in such Series Supplement. 
  
 “Swap Receipt Amount”: If so specified in the Series Supplement with respect to any Series, all amounts due and owing to the Trust
pursuant to the Swap Agreement other than Swap Termination Payments. 
  
 “Swap Termination Payment”: If so specified in the Series Supplement with respect to any Series, any amount payable by the Swap Counterparty to the Trust, or by the Trust 

  

 17 

 
to the Swap Counterparty, pursuant to the related Swap Agreement in connection with a termination thereof. 
  
 “TIA”: The Trust Indenture Act of 1939, as amended.

  
 “Treasury Regulations”: Regulations,
including proposed or temporary regulations promulgated under the Code. References herein to specific provisions of proposed or temporary regulations shall include analogous provisions of final Treasury Regulations or other successor Treasury
Regulations. 
  
 “Trust”: With respect to any
Series, the segregated asset or pool of assets subject hereto, constituting the trust created pursuant to the related Trust Agreement and to be administered thereunder, consisting of those Deposited Assets and the Credit Support, if applicable, and
all sums distributed in respect thereof that are specified as being part of the Trust for such Series in the related Series Supplement, all for the benefit of the Certificateholders of such Series as of any particular time. 
  
 “Trust Agreement”: As defined in the recitals hereto.

  
 “Trust Termination Event”: With respect to
any Series, as specified in the related Series Supplement. 
  
 “Trustee”: With respect to any Series, the Person specified herein or any co-trustee appointed pursuant to Section 8.10, until a successor Person shall have become the Trustee of a Trust pursuant to the applicable
provisions of these Standard Terms and the applicable Series Supplement, and thereafter “Trustee” shall mean such successor Person. 
  
 “Underlying Securities”: With respect to any Series, the asset or assets sold as part of the Trust for such Series or acquired (or, in
the case of an agreement, entered into) by the Trustee for the benefit of the Certificateholders of such Series and, if and to the extent provided in the applicable Series Supplement, for the benefit of any Credit Support Provider, all as identified
in the Deposited Assets Schedule to the related Series Supplement. The Underlying Securities for any such Series or the related Trust shall not constitute Underlying Securities for any other Series or any other Trust. 
  
 “Underlying Securities Issuer”: With respect to an
Underlying Security, the issuer thereof. 
  
 “Uniform
Commercial Code”: The Uniform Commercial Code as in effect in the State of New York. 
  
 “United States”: The United States of America (including the States), its territories, its possessions and other areas subject to its jurisdiction. 
  
 “Voting Rights”: With respect to any Series (or Class within
such Series) of Certificates, the portion of the aggregate voting rights of the Certificates of such Series or Class which shall be allocated to any Certificateholder as specified in the applicable Series Supplement. 
  

 18 

 Section 1.2. Rules of Construction. Unless the context otherwise requires: 
  
 (i) a term has the meaning assigned to it; 
  
 (ii) unless otherwise indicated in context, the terms
“Section,” “Exhibit” or “Schedule” will refer to a Section of, or an Exhibit or Schedule to, these Standard Terms; 
  
 (iii) an accounting term not otherwise defined has the meaning assigned to it in accordance with generally accepted accounting principles
as in effect in the United States from time to time; 
  
 (iv) words of the masculine, feminine or neuter gender mean and include the correlative words of other genders, and words importing the singular number mean and include the plural number and vice versa; 
  
 (v) “or” is not exclusive; 
  
 (vi) the words “herein,” “hereto”,
“hereof,” “hereunder” and other words of similar import refer to these Standard Terms as a whole and not to any particular Article, Section or other subdivision; 
  
 (vii) the terms “include,” “including” and similar terms will be construed as if
followed by the phrase “without limitation”; 
  
 (viii) words in the singular include the plural and words in the plural include the singular; and 
  
 (ix) any agreement, instrument or statute defined or referred to herein or in any certificate or other document made or delivered pursuant
hereto or in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments) references to all attachments thereto and instruments
incorporated therein; references to a Person are also to its permitted successors and assigns. 
  
 ARTICLE II 
  
 DECLARATION OF TRUSTS; ISSUANCE OF CERTIFICATES 
  
 Section 2.1. Creation and Declaration of Trusts; Assignment of Deposited Assets. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby agree to (i) sell, assign, convey and set-over to the Trustee, on
behalf and for the benefit of the Certificateholders of each given Series of Certificates and without recourse, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and
under the Underlying Securities and the other Deposited Assets attributable to each such Series (except for the Deposited Assets attributable to such Series which are not sold by the Depositor, as specified in the Deposited Assets Schedule to the
applicable Series Supplement), in each case as identified on the applicable Deposited Assets Schedule, and all other assets included 

  

 19 

 
or to be included in the respective Trust for the benefit of the Certificateholders of each such Series or (ii) deliver to the Trustee for deposit in the
Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Deposited Assets attributable to such Series, in each case as identified on the Deposited Assets Schedule to the applicable
Series Supplement, and all other assets to be included in the respective Trust for the benefit of the Certificateholders of each such Series. Each such sale will include all interest, premium (if any) and principal received by or on behalf of the
Depositor of, on or with respect to any such Underlying Securities due after the applicable Cut-off Date, and, unless otherwise specified in the Series Supplement, will exclude (i) all interest, premium (if any) and principal of, on or with respect
to any such Underlying Securities due on or before the applicable Cut-off Date and (ii) any Retained Interest in any such Underlying Security. For the avoidance of doubt, it is understood that (i) if specified in the related Series Supplement, the
Depositor shall sell, assign, convey and set-over to the Trustee Underlying Securities subject to Call Warrants; and (ii) Certificateholders of a given Series of Certificates shall not have any recourse to the Deposited Assets attributable to
another Series of Certificates. The Depositor shall deliver or procure the delivery of all Deposited Assets to the Securities Intermediary on behalf of the Trustee, and the Securities Intermediary shall accept delivery of such Deposited Assets, in
accordance with the definition of “Delivery”. 
  
 (b) In
connection with each sale referred to in the preceding paragraph, the Depositor shall, not later than the applicable Closing Date, (i) deposit the Underlying Securities for a given Series (except for the Underlying Securities attributable to such
Series that are to be acquired from a Person other than the Depositor, as specified on the Deposited Assets Schedule to the applicable Series Supplement) with the Trustee by physical delivery of such Underlying Securities, duly endorsed, to the
Trustee or by causing such Underlying Securities to be registered by book entry in the name of the Trustee and with respect to each such Underlying Security, deliver or cause to be delivered to the Trustee all documents necessary to transfer
ownership of each such Underlying Security to the Trustee or (ii) have ensured that the Underlying Securities have been delivered to a Clearing Agency, in which event (A) the Securities Intermediary or its agent, on behalf of the Trustee, has
accepted delivery of such Underlying Securities through such Clearing Agency, and (B) the Underlying Securities have been credited to a Securities Account of the Trustee and maintained by the Securities Intermediary on behalf of the Trustee, and the
Securities Intermediary or its agent shall have the right to hold and maintain such Underlying Securities on deposit with such Clearing Agency for all purposes of this Trust Agreement. 
  
 (c) In the case of each delivery of Underlying Securities referred to in paragraph (b) of this Section 2.1, the Depositor
shall be deemed thereby to represent and warrant to the Trustee and the Securities Intermediary that: 
  
 (i) the Depositor is duly authorized to so deliver the Underlying Securities; 
  
 (ii) the Underlying Securities so delivered are genuine;

  
 (iii) at the time of delivery of the
Underlying Securities, the Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or
other security interest (other than the lien created by this Trust Agreement); and 
  

 20 

 (iv) such delivery is irrevocable and free of any continuing claim by the Depositor
except such as the Depositor may have as a Certificateholder or Warrantholder. 
  
 The above representations and warranties shall survive the delivery of the Underlying Securities and the Certificates in respect thereof. The Depositor shall further be deemed by such delivery to have made the
representations that to the Depositor’s knowledge but without having made any independent inquiry, as of the Closing Date, no default or event of default with respect to the Underlying Securities has occurred and is continuing. 
  
 (d) Unless otherwise specified in the applicable Series Supplement, the sale
of such Deposited Assets by the Depositor for a given Series accomplished hereby and by such Series Supplement is absolute and is intended by the parties hereto as a sale. The Depositor represents and covenants that the Deposited Assets as of the
respective Closing Dates will be free and clear of any right, charge, security interest or lien or claim in favor of the Depositor and, with respect to any sale of Deposited Assets, that the Depositor will as of such respective Closing Date have the
right to sell the applicable Deposited Assets to the Trustee. 
  
 (e) The Securities Intermediary expressly agrees with the Trustee and the Certificateholders that, at all times from and after the date hereof, any and all of the Deposited Assets held by the Securities Intermediary in the Certificate
Account are to be treated as Financial Assets under, and for all purposes of, Uniform Commercial Code Article 8 and Uniform Commercial Code Article 9. 
  
 Section 2.2. Acceptance by Trustee. (a) With respect to each Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf,
of the related Underlying Securities and the related documents referred to in Section 2.1, now existing or hereafter acquired, and declares that it will hold such Underlying Securities and documents and all other documents delivered to it pursuant
to these Standard Terms, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given Series of Certificates, in trust for the
exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in these Standard Terms. 
  
 (b) The Trustee or the Securities Intermediary, as the case may be, or a custodian on its behalf, shall review all documents
received by it pursuant to Section 2.1 within 45 days after receipt thereof. If in the process of reviewing such documents the Trustee, or the Securities Intermediary, as the case may be, or such custodian discovers any document or documents to be
missing or defective, the Trustee or the Securities Intermediary, as the case may be, shall promptly (but in any event within 10 Business Days) so notify the Depositor and the Administrative Agent, if any. In addition, upon the discovery by the
Depositor, the Administrative Agent, if any, or the Trustee of a breach of any of the representations and warranties made by any Deposited Asset Provider in the related Deposited Asset Purchase Agreement, if any, in respect of any Underlying
Security that materially and adversely affects the interests of the Certificateholders, the party discovering such breach shall give prompt written notice to the other parties hereto (but in any event within 10 Business Days). 
  

 21 

 Section 2.3. Repurchase or Substitution of Certain Deposited Assets by the Deposited Asset
Provider. (a) If and to the extent provided for in a Series Supplement relating to a given Series of Certificates, upon discovery or receipt of notice pursuant to Section 2.2 that a document is missing or defective, the Trustee shall immediately
notify the Depositor, the Administrative Agent, if any, and the Rating Agencies that such document is defective or missing and, unless the Depositor provides to the Trustee an Officer’s Certificate stating such missing or defective document
will not have a materially adverse effect on the related Trust, the Administrative Agent, if any, or the Trustee shall immediately so notify the Deposited Asset Provider and require that the Deposited Asset Provider deliver such missing document or
cure such defect within 60 days from the date on which such Deposited Asset Provider was first notified of such missing document or defect, and if such Deposited Asset Provider does not deliver such missing document or cure such defect in all
material respects during such period, the Administrative Agent, if any, or the Trustee shall use its best efforts to enforce the Deposited Asset Provider’s obligation, if any, under the related Deposited Asset Purchase Agreement to repurchase
such Underlying Security from the Trustee at the applicable Purchase Price within 90 days after the date on which the Deposited Asset Provider was first notified of such missing document or defect. The Purchase Price for the repurchased Underlying
Security shall be delivered to the Administrative Agent, if any, or to the Trustee directly for deposit in the Certificate Account and the Trustee, upon receipt either of certification by the Administrative Agent, if any, of such deposit or of such
deposit directly, shall release to the Deposited Asset Provider the related documents in its possession and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest in the
Deposited Asset Provider any Underlying Security released pursuant hereto, and the Trustee shall have no further obligations with regard to such documents. The foregoing notwithstanding, if and to the extent the Series Supplement provides, the
Deposited Asset Provider may, as an alternative to repurchasing any such Underlying Security as provided above, if and to the extent so provided in the Deposited Asset Purchase Agreement, cause such Underlying Security to be removed from the Trust
(in which case it shall become a Deleted Deposited Asset) by agreeing to substitute one or more Qualified Substitute Deposited Assets in the manner and subject to the limitations set forth in Section 2.3(b) and the related Series Supplement. It is
understood and agreed that the obligation of the Deposited Asset Provider to repurchase or substitute for any Deposited Asset as to which a constituent document is missing or a defect in a constituent document exists shall, if such defect is not
cured or such missing document is not provided, constitute (unless otherwise specified in the applicable Series Supplement) the sole remedy respecting such omission or defect available to the Certificateholders or the Trustee on behalf of the
Certificateholders. It is further understood and agreed that, unless otherwise provided in the related Series Supplement, in no event shall either the Depositor or the Administrative Agent, if any, be obligated to repurchase or substitute for such a
Deposited Asset, regardless of whether the Deposited Asset Provider defaults on its obligation to repurchase or substitute for such a Deposited Asset. 
  
 (b) If and to the extent provided for in a Series Supplement relating to a given Series of Certificates, with respect to any Deleted Deposited Asset for
which the Depositor or the Deposited Asset Provider substitutes a Qualified Substitute Deposited Asset or Assets, such substitution shall be effected by the Depositor or Deposited Asset Provider delivering to the Trustee or the Securities
Intermediary, as the case may be, or a custodian on its behalf such Qualified Substitute Deposited Asset or Assets and such documents and agreements, with all 

  

 22 

 
necessary endorsements thereon, as would be required under the terms of Section 2.1, together with an Officer’s Certificate of the Depositor or relevant
Deposited Asset Provider certifying that each such Qualified Substitute Deposited Asset satisfies the definition thereof and the requirements under this Section. The Trustee or the Securities Intermediary, as the case may be, or such custodian shall
acknowledge receipt of such Qualified Substitute Deposited Asset or Assets and, within five Business Days thereafter, review such documents in the manner specified in Section 2.2. The Depositor shall give or cause to be given written notice to the
Certificateholders of such Series and the Rating Agencies that such substitution has taken place and shall amend the Deposited Assets Schedule to reflect the removal of such Deleted Deposited Asset from the terms of these Standard Terms and the
substitution of the Qualified Substitute Deposited Asset or Assets. Upon such substitution, such Qualified Substitute Deposited Asset or Assets shall be subject to the terms of these Standard Terms in all respects, including those related to the
representations and warranties included in the Deposited Asset Purchase Agreement as of the date of substitution. The terms upon which such substitution may be effected shall be specified in the applicable Series Supplement. 
  
 (c) Unless otherwise provided in the Series Supplement, no substitution of
Underlying Securities shall be effected unless the Trustee obtains, at the expense of the Certificateholders, an Opinion of Counsel to the effect that the substitution will not cause the Trust to be taxable as a corporation for federal income tax
purposes. 
  
 Section 2.4. Representations and Warranties of
the Depositor and Representations, Warranties and Covenants of the Administrative Agent. (a) The Depositor hereby represents and warrants to the Trustee that as of the Closing Date or as of such other date specifically provided herein or in the
applicable Series Supplement: 
  
 (i) the
Depositor is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware; 
  
 (ii) with respect to each Series Supplement, to the Depositor’s knowledge, the information set forth in the Deposited Assets Schedule
with respect to each Underlying Security is true and correct in all material respects at the date or dates respecting which such information is furnished; 
  
 (iii) the execution and delivery of these Standard Terms by the Depositor and its performance of and compliance with the terms of these
Standard Terms will not violate the Depositor’s certificate of incorporation or By-Laws or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach or
acceleration of, any material contract, agreement or other instrument to which the Depositor is a party or which may be applicable to the Depositor or any of its assets; 
  
 (iv) the Depositor has the full power and authority to enter into and consummate all transactions
contemplated by these Standard Terms, has duly authorized the execution, delivery and performance of these Standard Terms and has duly executed and delivered these Standard Terms. These Standard Terms, upon execution and delivery by the Depositor
and assuming due authorization, execution and delivery by the Trustee 

  

 23 

 
and the Securities Intermediary, will constitute a valid, legal and binding obligation of the Depositor, enforceable against it in accordance with the terms
hereof, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other laws relating to or affecting the rights of creditors generally, and by general equity principles (regardless of whether
such enforcement is considered a proceeding in equity or at law); and 
  
 (v) the Depositor is not in violation, and the execution and delivery of these Standard Terms by the Depositor and its performance and compliance with the terms of these Standard Terms will not constitute a violation,
of any order or decree of any court or any order or regulation of any federal, state, municipal or governmental agency having jurisdiction over the Depositor or its properties, which violation would reasonably be expected to have a material and
adverse effect on the condition (financial or otherwise) or operations of the Depositor or its properties or on the performance of its duties hereunder. 
  
 (b) The Depositor shall make any additional representations and warranties, if any, that may be specified in the applicable Series Supplement. 

 
 It is understood and agreed that the representations and warranties of the
Depositor set forth in this Section 2.4 shall survive delivery of the respective documents and the Deposited Assets to the Trustee and shall inure to the benefit of the Trustee on behalf of the Certificateholders notwithstanding any restrictive or
qualified endorsement or assignment. Upon discovery by any of the Depositor, the Administrative Agent, if any, or the Trustee of a breach of any of the foregoing representations and warranties which materially and adversely affects the interests of
the Certificateholders, the party discovering such breach shall give prompt written notice thereof to the other parties. 
  
 (c) The Administrative Agent, if any, shall make such representations, warranties, if any, and covenants that may be specified in the applicable Series
Supplement. 
  
 Section 2.5. Breach of Representation, Warranty
or Covenant. (a) Within 90 days of the earlier of discovery by the Depositor or receipt of notice by the Depositor of a breach of any representation or warranty of the Depositor set forth in Section 2.4(a) that materially and adversely affects
the interests of the Certificateholders of a given Series of Certificates, the Depositor shall cure such breach in all material respects. 
  
 (b) With respect to an Administrative Agent appointed pursuant to the applicable Series Supplement, within 30 days of the earlier of discovery by such
Administrative Agent or receipt of notice by such Administrative Agent of a breach of any representation, warranty or covenant of such Administrative Agent set forth in the applicable Series Supplement that materially and adversely affects the
interests of the Certificateholders, such Administrative Agent shall cure such breach in all material respects. 
  
 Section 2.6. Agreement to Execute, Authenticate and Deliver Certificates. With respect to each Series of Certificates and the related Trust, the
Trustee hereby agrees and acknowledges that it will, concurrently with the sale to and receipt by it of the related Deposited Assets, cause to be executed, authenticated and delivered to or upon the order of the Depositor, 

  

 24 

 
in exchange for the Deposited Assets and such other assets constituting the Trust for a given Series, Certificates duly authenticated by or on behalf of the
Trustee in authorized denominations evidencing ownership of the entire Trust for such Series, all in accordance with the terms and subject to the conditions of Sections 5.2 and 5.13. 
  
 Section 2.7. Statement of Intent. It is the intention of the parties hereto that, for purposes of federal income
taxes, state and local income and franchise taxes and any other taxes imposed upon, measured by or based upon gross or net income, each Trust shall be treated as a grantor trust, but failing that, as a partnership and in no event, as a corporation
or publicly traded partnership taxable as a corporation. The terms of these Standard Terms shall be interpreted to further this intention of the parties. The parties hereto agree that, unless otherwise required by appropriate tax authorities, the
Trustee shall file or cause to be filed annual or other necessary returns, reports and other forms consistent with such intended characterization. Each Certificateholder and each beneficial owner of a Certificate by acceptance of its Certificate (or
its beneficial interest therein) agrees, unless otherwise required by appropriate tax authorities, to file its own tax returns and reports in a manner consistent with such characterization. 
  
 Section 2.8. Custody and Holding of Deposited Assets. (a) With respect
to each Series, the Trustee shall hold and maintain the Deposited Assets with the Securities Intermediary in and through, and hereby directs the Securities Intermediary to credit any and all such Deposited Assets to, the Certificate Account (all as
further provided in this Article II) in such manner as shall enable the Trustee to be and have the rights of an Entitlement Holder with respect to, and have sole dominion and control (including, without limitation, Securities Control) over, such
Deposited Assets. 
  
 (b) The Securities Intermediary hereby
represents, warrants, covenants and agrees that from and after the Closing Date: 
  
 (i) Each Certificate Account is a Securities Account, with the Trustee (for its benefit and the benefit of the Certificateholders) as the
Entitlement Holder in, and having sole dominion and control (including, without limitation, Securities Control) over, any and all Deposited Assets (including, without limitation, any and all assets and properties referred to in clause (ii) below) in
such Certificate Account. If at any time the Securities Intermediary shall receive any “entitlement order” (as defined in Section 8-102(a)(8) of the Uniform Commercial Code) from the Trustee relating to a Certificate Account, the
Securities Intermediary shall comply with such entitlement order without further consent by any other Person. The Securities Intermediary shall take all instructions (including without limitation all notifications and entitlement orders) with
respect to a Certificate Account solely from the Trustee. 
  
 (ii) All assets and properties from time to time transferred or credited to the Certificate Account constitute Financial Assets. 
  
 (iii) The Securities Intermediary is (and will remain) a “securities intermediary” (as defined in
Section 8-102(a)(14)(ii) of the Uniform Commercial Code) and is acting (and will continue to act) as such with respect to the Certificate Account, the Deposited Assets therein and the Trustee as Entitlement Holder. Unless otherwise 

  

 25 

 
instructed by the Trustee in writing, the Securities Intermediary will treat the Trustee (for its benefit and the benefit of the Certificateholders) as
entitled to exercise the rights that comprise the Underlying Securities in each Certificate Account. Further, the Securities Intermediary is and will remain (A) a bank, banking institution, financial firm or similar party, in each case, that
regularly accepts in its course of its business Book-Entry Securities as a custodial service for customers and maintains Securities Accounts in the name of such customers reflecting ownership of or interest in such Securities, (B) will maintain its
books and records reflecting such Book-Entry Securities in the State of New York and (C) if the Trustee maintains one or more Certificate Accounts with the Securities Intermediary, will have entered into, and will maintain in full force and effect,
an agreement with the Trustee (which, on the date hereof, is comprised of this Trust Agreement) to the effect that their respective rights and obligations in respect of each other, said Underlying Securities and said Certificate Accounts are
governed by the laws of the State of New York. 
  
 (iv) The Securities Intermediary shall hold any and all assets and properties from time to time comprising the Deposited Assets (whether individually or as part of a fungible bulk) in a manner such that the Trustee will have dominion and
control (including, without limitation, Securities Control) over such Deposited Assets. The Securities Intermediary will credit to the appropriate Certificate Account (and will thereby or by book entry or otherwise identify as being subject to the
Grant to the Trustee hereunder) any and all assets and properties from time to time comprising the Deposited Assets in accordance with the definition of “Delivery.” 
  
 (v) To effect the intention of clauses (i) through (iv) above, the Securities Intermediary or its agent
maintains (and will continue to maintain) 
  
 (A)
one or more Securities Accounts with the Depositary. The Securities Intermediary or its agent will instruct the Depositary to credit such Securities Accounts of the Securities Intermediary or its agent with the Deposited Assets held by such
Depositary; and (B) one or more Fed Member Securities Accounts to which the Securities Intermediary through its agent will instruct the Fed to credit, in accordance with the Book-Entry Regulations, all Book-Entry Securities from time to time
comprising the Deposited Assets. 
  
 (vi) The
Securities Intermediary hereby confirms and agrees that: 
  
 (A) it has not entered into, and until the termination of these Standard Terms will not enter into, any agreement with any other Person relating to any Certificate Account and/or any Financial Asset credited thereto
pursuant to which it has agreed, or will agree, to comply with entitlement orders (as defined in Section 8-102(a)(8) of the Uniform Commercial Code) of such other Person; and 
  
 (B) it has not entered into, and until the termination of these Standard Terms will not enter into, any
agreement with the Depositor or the Trustee purporting to limit or condition the obligation of the Securities Intermediary to comply with entitlement orders as set forth in Section 2.8(b) hereof. 
  

 26 

 (c) Regardless of any provision in any other agreement, for purposes of the Uniform
Commercial Code, the State of New York shall be deemed to be the securities intermediary’s jurisdiction (as defined in Section 8-110(e) of the Uniform Commercial Code) of the Securities Intermediary, and each Certificate Account (as well as any
Security Entitlements related thereto) shall be governed by the laws of the State of New York. 
  
 ARTICLE III 
  
 ADMINISTRATION OF EACH TRUST 
  
 Section 3.1.
Administration of each Trust. (a) The Trustee (and, to the extent required in the applicable Series Supplement, any Administrative Agent) shall administer the Underlying Securities for each given Trust for the benefit of the
Certificateholders of the related Series. In engaging in such activities, the Trustee (or the Administrative Agent, if applicable) shall, subject to the provisions of Article VI hereof, follow or cause to be followed collection procedures in
accordance with the terms of these Standard Terms and the applicable Series Supplement, the respective Underlying Securities and any applicable Credit Support Documents. With respect to each Trust, and subject only to the above-described standards
and the terms of these Standard Terms, the related Series Supplement and the respective Underlying Securities and applicable Credit Support Documents, if any, the Trustee (or the Administrative Agent, if applicable) shall have full power and
authority, acting alone or through Sub-Administrative Agents as provided in Section 3.2, to do or cause to be done any and all things in connection with such administration which it deems necessary to comply with the terms of these Standard Terms
and the applicable Series Supplement. 
  
 (b) Without limiting the
generality of the terms of paragraph (a) of this Section 3.1, with respect to any Series of Certificates, the Administrative Agent, if any, specified in the applicable Series Supplement shall be hereby authorized and empowered by the Depositor, when
such Administrative Agent believes it appropriate in its reasonable judgment and when otherwise required by a Series Supplement, in its own name or in the name of a Sub-Administrative Agent, (i) to instruct the Trustee to make distributions or
payments from the Certificate Account or any other Account for such Series, as set forth herein or in the related Series Supplement, and (ii) to the extent specified in the related Series Supplement, to execute and deliver, on behalf of the
Certificateholders of such Series and the Trustee or any of them, and upon notice to the Trustee, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect
to any of the Underlying Securities relating to such Series. 
  
 (c) The duties of the Trustee and the Administrative Agent, if any, shall be performed in accordance with applicable local, state and federal law, and the Trustee (or, if specified in the applicable Series Supplement, the Administrative
Agent) shall make any and all filings, reports, notices or applications with, and seek any comments and authorizations from, the Commission and any State securities authority on behalf of the Trust for each Series. If the applicable Series
Supplement appoints an Administrative Agent, the Trustee, in its capacity as Trustee, shall execute, at the direction of such Administrative Agent, any powers of attorney and other documents necessary or appropriate to enable the Administrative
Agent to carry out any of 

  

 27 

 
its administrative duties hereunder; provided, however, that the Trustee, in its capacity as Trustee, shall not be accountable for the actions
of the Administrative Agent or any Sub-Administrative Agents under such powers of attorney. 
  
 Section 3.2. Sub-Administration Agreements Between Administrative Agent or Trustee and Sub-Administrative Agents. (a) Unless otherwise provided in a Series Supplement, an Administrative Agent specified in the
applicable Series Supplement and the Trustee may enter into Sub-Administration Agreements with one or more Sub-Administrative Agents in order to delegate their administrative obligations with respect to a related Series under these Standard Terms to
such Sub-Administrative Agents; provided, however, that (i) such delegation shall not release either such Administrative Agent or the Trustee, as applicable, from the duties, obligations, responsibilities or liabilities arising under these Standard
Terms; (ii) the Rating Agency Condition shall have been satisfied with respect to the entering into of any such agreement and (iii) such agreements are consistent with the terms of these Standard Terms and, with respect to Certificates of any
Series, the related Series Supplement. With respect to any Series (or Class within such Series) of Certificates, each Sub-Administration Agreement shall impose on the Sub-Administrative Agent requirements conforming to the provisions set forth in
Section 3.1 and provide for administration of the related Trust and all or certain specified Underlying Securities for such Series consistent with the terms of these Standard Terms. Additional requirements relating to the scope and contents of any
Sub-Administration Agreement may be provided in the applicable Series Supplement. Such Administrative Agent shall deliver to the Trustee and the Depositor copies of all Sub-Administration Agreements which it enters into, and any amendments or
modifications thereof, promptly upon the Administrative Agent’s execution and delivery of any such instruments. Under no circumstances shall an affiliate of an Underlying Securities Issuer be appointed as either an Administrative Agent or
Sub-Administration Agent of a Trust in which Underlying Securities issued by such Underlying Securities Issuer are held as a Deposited Asset. 
  
 (b) As part of its duties hereunder, an Administrative Agent specified in the applicable Series Supplement shall enforce the obligations of each
Sub-Administrative Agent under any related Sub-Administration Agreement which it enters into and of the Deposited Asset Provider, if any, under any Deposited Asset Purchase Agreement, for the benefit of the Trustee and the Certificateholders of a
given Series. Such enforcement, including the legal prosecution of claims, the termination of Sub-Administration Agreements or Deposited Asset Purchase Agreements, as appropriate, and the institution of Proceedings and the pursuit of other
appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Administrative Agent, in its good faith business judgment, deems necessary or advisable, subject in all cases to the provisions of Article VI
hereof. 
  
 Section 3.3. Successor Sub-Administrative
Agents. An Administrative Agent specified in the applicable Series Supplement and the Trustee shall each be entitled to terminate any Sub-Administration Agreement which it enters into and the rights and obligations of any Sub-Administrative
Agent under any Sub-Administration Agreement in accordance with the terms and conditions of any such Sub-Administration Agreement. In the event of a termination of any Sub-Administration Agreement, the Administrative Agent or the Trustee, as
applicable, shall simultaneously reassume direct responsibility for all obligations delegated in such Sub-Administration Agreement without any act or deed on the part of the applicable Sub-Administrative 

  

 28 

 
Agent, the Trustee or the Administrative Agent, and the Administrative Agent or the Trustee, as applicable, either shall administer directly the related
Underlying Securities or shall enter into a Sub-Administration Agreement with a successor Sub-Administrative Agent which so qualifies under Section 3.2. 
  
 Section 3.4. Liability of the Administrative Agent. Notwithstanding any Sub-Administration Agreement or any of the provisions of these Standard
Terms relating to agreements or arrangements between an Administrative Agent, if any, or the Trustee and a Sub-Administrative Agent or references to actions taken through a Sub-Administrative Agent or otherwise, the Administrative Agent, if any is
specified in the applicable Series Supplement, or the Trustee, as applicable, shall remain obligated and primarily liable to the Trustee and the Certificateholders for the administering of the Trust and the Underlying Securities for each related
Series of Certificates to the extent provided herein and in the related Series Supplement in accordance with the provisions of Section 3.1 without diminution of such obligation or liability by virtue of any such Sub-Administration Agreements or
arrangements or by virtue of indemnification from the Sub-Administrative Agent and to the same extent and under the same terms and conditions as if the Administrative Agent or the Trustee, as applicable, alone were administering the Underlying
Securities, and the Administrative Agent or the Trustee, as applicable, shall not thereby be released from any duties or responsibilities set forth in these Standard Terms or the related Series Supplement. The Administrative Agent and the Trustee
shall be entitled to enter into any agreement with a Sub-Administrative Agent for indemnification of the Administrative Agent or the Trustee by such Sub-Administrative Agent for any liability or obligation sustained by the Administrative Agent or
the Trustee in connection with any act or failure to act by the Sub-Administrative Agent, and nothing contained in these Standard Terms shall be deemed to limit or modify such indemnification. 
  
 Section 3.5. No Contractual Relationship Between Certain
Sub-Administrative Agents and Trustee or Certificateholders. Any Sub-Administration Agreement between an Administrative Agent specified in the applicable Series Supplement and a Sub-Administrative Agent that may be entered into and any
transactions or services relating to the Underlying Securities pursuant to such an agreement shall be deemed to be between the Sub-Administrative Agent and the Administrative Agent alone, and the Trustee and Certificateholders shall not be deemed
parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Administrative Agent except as set forth in Section 3.6. Except as set forth in Section 3.6, the Administrative Agent shall be solely liable
for all fees owed by it to any Sub-Administrative Agent, irrespective of whether the Administrative Agent’s compensation pursuant to these Standard Terms is sufficient to pay such fees; provided, however, that if so provided in
the applicable Series Supplement, a Sub-Administrative Agent shall be entitled to a Retained Interest in certain Underlying Securities as and to the extent specified in the Deposited Assets Schedule to such Series Supplement. Each such
Sub-Administrative Agent shall be reimbursed by the Administrative Agent for expenditures made by such Sub-Administrative Agent to the same extent the Administrative Agent would be reimbursed for such expenditures pursuant to the terms of these
Standard Terms. 
  
 Section 3.6. Assumption or Termination of
Sub-Administration Agreements by Trustee. Except as and to the extent otherwise provided in a Series Supplement, in the event an Administrative Agent specified in the applicable Series Supplement shall for any reason no 

  

 29 

 
longer be acting in such capacity with respect to any Series, the Trustee or its designee shall thereupon assume all the rights and obligations of the
Administrative Agent under each Sub-Administration Agreement that the Administrative Agent may have entered into with respect to any Underlying Security or Assets related to such Series, provided that the Trustee may elect to terminate any such
Sub-Administration Agreement in accordance with its terms. Except as otherwise provided in such a Series Supplement, the Trustee, its designee or any successor Administrative Agent shall be deemed to have assumed all the Administrative Agent’s
interest therein and to have replaced the Administrative Agent as a party to each Sub-Administration Agreement to the same extent as if each Sub-Administration Agreement had been assigned to the assuming party; provided, however, that the
Administrative Agent shall not thereby be relieved of any liability or obligations under any Sub-Administration Agreement and provided further, that the Trustee shall in no event be obligated to make any Advances if it is prohibited by law or
regulation from doing so or from obligating itself to do so. The Administrative Agent at its expense shall, upon request of the Trustee, deliver to such assuming party all documents and records relating to each Sub-Administration Agreement and the
Underlying Securities then being administered by it and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the Sub-Administration Agreements to the assuming party.

  
 Section 3.7. Collection of Certain Deposited Asset
Payments. With respect to any Series or Class of Certificates, the Trustee (or the Administrative Agent if specified in the related Series Supplement) shall make reasonable efforts to collect all payments required to be made pursuant to the
terms of the Deposited Assets or any related Credit Support Documents in a manner consistent with the terms of these Standard Terms, the related Series Supplement, such Deposited Assets and any related Credit Support Documents. 
  
 Section 3.8. Collections by Sub-Administrative Agent. Unless otherwise
provided in the applicable Series Supplement, in the event a Sub-Administrative Agent is administering one or more Underlying Securities pursuant to a Sub-Administration Agreement, the Sub-Administrative Agent shall be required to immediately direct
the Trustee to deposit into an Eligible Account established by such Sub-Administrative Agent (a “Sub-Administration Account”) any amounts collected with respect thereto, and not later than the Business Day after receipt thereof, all
such amounts shall be deposited into the related Certificate Account. 
  
 Section 3.9. Certificate Account. (a) For each Series, the Trustee shall establish and maintain one or more Eligible Accounts (each, a “Certificate Account”), held in trust for the benefit of the Certificateholders
of such Series. The Trustee on behalf of such Certificateholders shall possess all right, title and interest in all funds on deposit from time to time in each Certificate Account and in all proceeds thereof. With respect to each Series of
Certificates, the Certificate Account shall be under the sole dominion and control of the Trustee for the benefit of the Certificateholders of the related Series and shall not relate to or be for the benefit of any other Series or
Certificateholders. With respect to each Series of Certificates, the Trustee shall deposit or the Administrative Agent, if any, specified in the applicable Series Supplement shall direct the Trustee to deposit or cause to be deposited in the
Certificate Account no later than the Business Day after receipt thereof all amounts collected with respect to the Deposited Assets, any Credit Support and all Liquidation Proceeds related to such Series including: 
  
 (i) all payments on account of principal of such Underlying
Securities; 
  

 30 

 (ii) all payments on account of interest on such Underlying Securities; 
  
 (iii) all payments on account of premium (if any) on such
Underlying Securities; 
  
 (iv) any payments in
respect of any such Credit Support; 
  
 (v) any
Advances made as required pursuant to Section 4.3; 
  
 (vi) any payments in respect of any such Swap Agreement; and 
  
 (vii) any interest or investment income earned on funds deposited in the related Accounts. 
  
 Unless otherwise specified in the applicable Series Supplement, it is understood and agreed that payments in the nature of prepayment or redemption
penalties, late payment charges, default interest, reinvestment income or assumption fees which may be received by the Trustee or any Administrative Agent shall be deposited by the Trustee or the Administrative Agent, as applicable, in the
Certificate Account and shall not be retained by the Trustee or the Administrative Agent for its own account. 
  
 If, at any time, the Certificate Account for any Series ceases to be an Eligible Account, the Trustee shall within 10 Business Days (or such longer
period, not to exceed 30 calendar days, as to which the Rating Agency Condition is met) establish a new Certificate Account meeting the conditions specified above and transfer any cash and any investments on deposit in the Certificate Account to
such new Certificate Account, and from the date such new Certificate Account is established, it shall be the Certificate Account for such Series. 
  
 (b) The Trustee shall give notice to the Administrative Agent, if any, the Depositor and the Rating Agencies of the location of each Eligible Account
constituting the Certificate Account and prior to any change thereof. 
  
 (c) The Administrative Agent, if any, shall instruct the Trustee as to, or otherwise the Trustee shall determine, the appropriate application of Available Funds with respect to any Distribution Date for which application is to be made on
any such Distribution Date in accordance with the terms of Section 4.1 and the related Series Supplement. 
  
 Section 3.10. Investment of Funds in the Accounts. The Depositor (or, if so specified in the applicable Series Supplement, the Administrative
Agent), on behalf of the Trust, may direct the Trustee to direct any depository institution maintaining the Certificate Account or the Reserve Account, if any, for the applicable Series and any other segregated Eligible Account the contents of which
are held for the benefit of Certificateholders of such Series (each, an “Account”) to invest the funds therein in one or more Permitted Investments bearing interest or sold at a discount, which shall be held to maturity unless
payable on demand and which funds shall not be reinvested upon the maturity or demand for payment of such Permitted Investment. If the Depositor (or the Administrative Agent, if applicable) does not provide any investment 

  

 31 

 
directions to the Trustee, funds held in any Account will be invested in the Permitted Investments specified in clause (ii) of the definition thereof.
Investments of such funds shall be invested in Permitted Investments that will mature so that such funds will be available for distribution on the Distribution Date on which such amounts are to be applied as distributions to Certificateholders. In
the event amounts on deposit in an Account are at any time invested in a Permitted Investment payable on demand, the Securities Intermediary, on behalf of the Trust and the Trustee, shall: 
  
 (x) consistent with any notice required to be given
thereunder, demand that payment thereon be made on the last day such Permitted Investment may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and (2) the amount required to be withdrawn on such
date; and 
  
 (y) demand same day payment of all
amounts due thereunder upon a determination by the Trustee that such Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in any Account. 
  
 It is the intent of the Trustee, any Administrative Agent, the Securities
Intermediary and the Depositor that each Account shall be a securities account of the Trustee and not an account of the Depositor or the Administrative Agent. Each Permitted Investment that constitutes investment property shall be held by the
Trustee through a securities intermediary, which securities intermediary shall agree with the Trustee that (A) such investment property at all times shall be credited to a securities account of the Trustee, (B) all property credited to such
securities account shall be treated as a financial asset, (C) such securities intermediary shall treat the Trustee as entitled to exercise the rights that comprise each financial asset credited to such securities account, (D) such securities
intermediary shall comply with entitlement orders originated by the Trustee without the further consent of any other Person, (E) such securities intermediary shall not agree with any Person other than the Trustee to comply with entitlement orders
originated by any Person other than the Trustee, (F) such securities account and all property credited thereto shall not be subject to any lien, security interest, right of set-off, or encumbrance in favor of such securities intermediary or anyone
claiming through such securities intermediary (other than the Trustee), (G) such agreement between such securities intermediary and the Trustee shall be governed by the laws of the State of New York, (H) the securities intermediary shall agree that
for purposes of the Uniform Commercial Code, the State of New York shall be deemed to be the securities intermediary’s jurisdiction (as defined in Section 8-110(e) of the Uniform Commercial Code) of such securities intermediary and (I) the
securities intermediary and the Trustee shall agree that the related Account (as well as any Security Entitlements related thereto) shall be governed by the laws of the State of New York. Each Permitted Investment that does not constitute investment
property shall be held by the Trustee in the State of New York. Each term used in the preceding two sentences and defined in the Uniform Commercial Code shall have the meaning set forth in the Uniform Commercial Code. 
  
 Section 3.11. Maintenance of Credit Support. On the applicable Closing
Date, the Trustee or, if so specified in the applicable Series Supplement, the Depositor or the Administrative Agent, shall, to the extent specified in the applicable Series Supplement, establish and maintain, or enter into, as applicable, in the
name of the Trustee, either as a part of the 

  

 32 

 
related Trust or outside it, for the benefit of the Certificateholders of the related Series, the Credit Support specified in the applicable Series
Supplement. To the extent specified in the applicable Series Supplement, the Depositor or the Administrative Agent, as the case may be, will make or cause to be made any initial deposit to the Certificate Account or any Reserve Account for the
related Series as of the Closing Date. Unless the Series Supplement for a given Series provides otherwise, if a Reserve Account exists for such Series, collections with respect to the Underlying Securities for such Series not distributed to the
Certificateholders of such Series shall be deposited in the Reserve Account. The Reserve Account, if any, will not be a part of or otherwise includible in the Trust but will be held for the benefit of the Certificateholders. 
  
 Amounts on deposit in the Reserve Account and amounts available pursuant to
any other Credit Support for such Series shall be applied by the Trustee to make distributions of principal of and premium (if any) and interest on the Certificates of such Series as required pursuant to Section 4.1 and the applicable Series
Supplement to the extent that funds are not otherwise available for such purpose. If specified in such Series Supplement, immediately after each Distribution Date, amounts on deposit in the Reserve Account for such Series in excess of a specified
amount shall be paid to the Person so specified in such Series Supplement. 
  
 Section 3.12. Realization Upon Defaulted Deposited Assets. (a) If: 
  
 (i) default is made in the payment of any installment of interest on any Underlying Security when the same becomes due and payable, and
such default continues unremedied for the period specified in the indenture or other authorizing document for such Underlying Security (or, if no such period is specified, three days) after receipt by the Underlying Securities Issuer of notice
thereof from the Trustee or receipt by the Underlying Securities Issuer and the Trustee of notice thereof from the holders of Outstanding Certificates representing at least 25% of the Voting Rights; or 
  
 (ii) default is made in the payment of the principal of or
any installment of the principal of any Underlying Security when the same becomes due and payable, and such default continues unremedied for the period specified in the indenture or other authorizing document for such Underlying Security (or, if no
such period is specified, three (3) days) after receipt by the Underlying Securities Issuer of notice thereof from the Trustee or receipt by the Underlying Securities Issuer and the Trustee of notice thereof from the holders of Outstanding
Certificates representing at least 25% of the Voting Rights; 
  
 and the
Underlying Securities Issuer shall, upon demand of the Trustee, fail to pay forthwith to the Trustee, for the benefit of the Certificateholders, the whole amount then due and payable on such Underlying Securities for principal and interest, with
interest upon the overdue principal, at the rate borne by the Underlying Securities and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee and its agents and counsel, to the extent permitted by law (such event, an “Issuer Payment Default”), then the Trustee, in its own name and as trustee of an express trust, subject to
provision being made for indemnification against costs, expenses and liabilities in a form satisfactory to the Trustee, shall institute a Proceeding for the collection of the sums so due and unpaid, and shall prosecute such Proceeding 

  

 33 

 
to judgment or final decree or settlement, and shall enforce the same against the Underlying Securities Issuer or other obligor upon the Underlying
Securities and collect in the manner provided by law out of the property of the Underlying Securities Issuer or other obligor upon the Underlying Securities wherever situated, the moneys adjudged or decreed to be payable, unless otherwise directed
by Certificateholders of the Required Percentage—Direction of the Trustee. In connection therewith, the Trustee shall use its best reasonable efforts in accordance with such normal and customary procedures it shall deem necessary or advisable,
and shall have the power and authority, acting alone, to do any and all things in connection therewith and the administration of the Trust as it may deem necessary or advisable. 
  
 (b) In the event that the Trustee receives money or other property in respect of the Underlying Securities or other
Deposited Assets (other than a scheduled interest or principal payment or the payment of any redemption premium on or with respect to the earlier redemption of the Underlying Securities) as a result of a payment default on the Underlying Securities
or other Deposited Assets or actual notice that such moneys or other property will be paid to the Trustee, the Trustee shall promptly give notice (as provided in Section 11.5 hereof) to the Depositary or, if the Certificates are not then held by the
Depositary, directly to the holders of the Certificates then outstanding and unpaid. Such notice shall state that, not later than thirty (30) days after the receipt of such moneys or other property, the Trustee shall allocate and distribute such
moneys or other property to the holders of the Outstanding Certificates then unpaid, pro rata between each Class of Certificates by Allocation Ratio, as applicable, of each class of Outstanding Certificates, together with accrued
interest to the date of distribution, if applicable. Property received, other than cash, shall be liquidated by the Trustee in a commercially reasonable manner and the proceeds thereof, after deduction of all reasonable costs of such liquidation,
distributed in cash, only to the extent necessary to avoid distribution of fractional securities. 
  
 (c) The Trustee (or, if and under the circumstances specified in the applicable Series Supplement, the Administrative Agent), on behalf of the
Certificateholders, shall assert claims under each applicable Credit Support Document, and shall take such reasonable steps, in addition to those described in Section 3.12(a), as are necessary to receive payment or to permit recovery thereunder with
respect to any defaulted Underlying Securities or other Deposited Assets, subject in all cases to the provisions of Article VI hereof in the case of the Administrative Agent and Article VIII hereof in the case of the Trustee. 
  
 (d) Unless otherwise provided in a Series Supplement, if the Administrative
Agent or the Trustee, as applicable, is unable to obtain full recovery in respect of a defaulted Underlying Security or other Deposited Asset and any related Credit Support Document pursuant to Section 3.12(c), the Administrative Agent or the
Trustee, as applicable, shall follow or cause to be followed such normal practices and procedures as it deems necessary or advisable to realize upon such defaulted Underlying Security or other Deposited Asset and such Credit Support Document,
subject in all cases to the provisions of Article VI hereof in the case of the Administrative Agent and Article VIII hereof in the case of the Trustee. 
  
 Section 3.13. [Intentionally Omitted]. 
  

 34 

 Section 3.14. Administrative Agent’s Compensation and Reimbursement. (a) As compensation for
its activities, the Administrative Agent, if any, specified in the applicable Series Supplement shall be entitled to the Administrative Fee, which shall be paid on the dates, in the amounts, under the circumstances and in the manner specified in the
applicable Series Supplement. 
  
 (b) If, and only to the extent,
provided in a Series Supplement, the Administrative Agent, if any, shall be required to pay from its compensation hereunder or otherwise all expenses incurred in connection with the Trust for the related Series and its administration of the
Underlying Securities for the related Series, including payment of the fees and disbursements of the Trustee (including the reasonable fees and expenses of its counsel and Independent accountants allocable to such Series), payment of expenses
incurred in connection with distributions and reports to Certificateholders of such Series, payment of premiums on Credit Support Documents related to such Series and other expenses specified in such Series Supplement; provided,
however, that neither the Administrative Agent, if any, nor the Trustee will be responsible for any federal, state, local or foreign income and franchise taxes, if any, and any interest or penalties with respect thereto, assessed on the Trust
for such Series. 
  
 Section 3.15. Statement as to
Compliance. An Administrative Agent appointed pursuant to the applicable Series Supplement, if any, will deliver to the Trustee, the Depositor and the Rating Agencies not later than 90 days following the end of each fiscal year of the
Administrative Agent an Officer’s Certificate executed by two of its Authorized Officers stating, as to each signatory thereof, that (i) a review of the activities of the Administrative Agent during the preceding year and of performance under
these Standard Terms has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Administrative Agent has fulfilled all its obligations under these Standard Terms throughout
such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and status thereof. Copies of such statement received by the Trustee shall be provided by the
Trustee to any Certificateholder upon request at the Certificateholder’s expense. 
  
 Section 3.16. Independent Public Accountants’ Administration Report. Unless otherwise specified in the Series Supplement, within four months from the end of each 12-month period beginning with the period
specified in the Series Supplement for a given Series of Certificates, either the Administrative Agent, if any, specified in the Series Supplement, or otherwise the Trustee, shall cause a firm of nationally recognized Independent public accountants
(who may also render other services to the Administrative Agent, if any, the Trustee or the Depositor) to furnish a report addressed to the Trustee, the Depositor, the Rating Agencies and each Credit Support Provider for such Series, if any, to the
effect that such firm has examined certain documents and records relating to the administration of the Underlying Securities and related Credit Support deposited in or held by the applicable Trust during the preceding 12-month period (or, in the
case of the first such report, during the period from the Closing Date to the date specified in the applicable Series Supplement), which report should enable the recipients thereof to determine whether such administration was conducted in accordance
with the terms of these Standard Terms and the related Series Supplement. Such report shall identify any exceptions found during the examination. Notwithstanding anything to the contrary in this Section 3.16, the Administrative Agent, if any, or the
Trustee, in its sole 

  

 35 

 
discretion, may deliver, in lieu of the accountants’ report referred to above in this Section 3.16, the attestation report of a registered public
accounting firm that would be required to be filed in respect of the Trust under the Exchange Act if periodic reports under Section 15(d) of the Exchange Act, or any successor provision thereto, were required to be filed in respect of the Trust.

  
 Copies of such report received by the Trustee shall be
provided by the Trustee to any Certificateholder of such Series upon written request without charge to the requesting Certificateholder. 
  
 The firm of Independent public accountants shall be entitled to compensation in consideration for its duties hereunder in the manner specified in the
applicable Series Supplement. 
  
 Section 3.17. Access to
Certain Documentation. The Trustee and the Administrative Agent, if any, shall provide to any federal, state or local regulatory authority that may exercise authority over any Certificateholder access to the documentation regarding the
Underlying Securities required by applicable laws and regulations. Such access shall be afforded without charge, but only upon reasonable request and during normal business hours at the offices of the Trustee and the Administrative Agent, if any,
designated by each of them. In addition, access to the documentation regarding the Deposited Assets related to a given Series (or Class within such Series) will be provided to any Certificateholder of such Series (or Class) upon reasonable request
during normal business hours at the offices of the Trustee and the Administrative Agent, if any, designated by each of them at the expense of the Certificateholder requesting such access. 
  
 Section 3.18. Duties of the Administrative Agent. Notwithstanding any other provision of these Standard Terms, with
respect to any Series, the applicable Series Supplement may provide that any Administrative Agent appointed pursuant to such Series Supplement shall have no rights and no duties, obligations or liabilities except as provided in such Series
Supplement and herein. 
  
 Section 3.19. Depositor to Furnish
Names and Addresses of Certificateholders to Trustee. The Depositor shall furnish or cause to be furnished to the Trustee not more than five days before each Distribution Date, and at such other times as the Trustee may request in writing, a
list, in such form as the Trustee may reasonably require, to the extent such information is in the possession or control of the Depositor or any of its paying agents, of the Certificateholders as of the close of business on the applicable record
date of the Underlying Securities; provided, however, that so long as the Trustee maintains the Certificate Register, no such list shall be required to be furnished. 
  
 Section 3.20. Preservation of Information, Communications to Certificateholders. (a) The Trustee shall preserve, in
as current a form as is reasonably practicable, the names and addresses of the Certificateholders contained in the most recent list furnished to the Trustee as provided in Section 3.19 and the names and addresses of Certificateholders received by
the Trustee in its capacity as Certificate registrar. The Trustee 

  

 36 

 
may destroy any list furnished to it as provided in such Section 3.19 upon receipt of a new list so furnished. 
  
 (b) Certificateholders shall have the right to communicate pursuant to TIA
Section 312(b) with other Certificateholders with respect to their rights under these Standard Terms or under the Certificates. 
  
 (c) The Depositor, the Trustee and the Certificate registrar shall have the protection of TIA Section 312(c). 
  
 Section 3.21. Reports by Trustee. If required by TIA Section 313(a),
within 60 days after December 31 of each year, the Trustee shall mail to (i) each Certificateholder as required by TIA Section 313(c) and (ii) the Depositor, a brief report dated as of such date that complies with TIA Section 313(a). The Trustee
also shall comply with TIA Section 313(b). A copy of any report delivered pursuant to this Section 3.21 shall, at the time of its mailing to Certificateholders and the Depositor, be filed by the Trustee with the Commission and each stock exchange,
if any, on which the Certificates are listed. The Depositor shall notify the Trustee if and when the Certificates are listed on any stock exchange. 
  
 ARTICLE IV 
  
 DISTRIBUTIONS AND REPORTS TO CERTIFICATEHOLDERS 
  
 Section 4.1. Distributions. On each Distribution Date for a given Series of Certificates, the Trustee shall apply funds in the Certificate Account
for such Series in the manner and priority set forth in the Series Supplement for such Series. Notwithstanding any other provisions in these Standard Terms, the right of any Certificateholder to receive any such distributions in the manner and
priority set forth in the Series Supplement for such Series and to institute suit for the enforcement of any such payment on or after the date such payment is payable, shall not be impaired without the consent of such Certificateholder. 

 
 Section 4.2. Reports to Certificateholders. Unless otherwise
specified in the applicable Series Supplement, on the next Business Day following each such Distribution Date the Trustee or the Administrative Agent, if any, as specified in such Series Supplement, shall forward or cause to be forwarded to the
Depositor, each Certificateholder of such Series and such other Persons as may be specified in such Series Supplement, a statement setting forth: 
  
 (i) the amounts received by the Trustee as of the last such statement in respect of principal, interest and premium on the Underlying
Securities, the Swap Receipt Amount, if any, and Swap Termination Amounts, if any; 
  
 (ii) the amount of the distribution on such Distribution Date to Certificateholders of each Class of such Series allocable to principal of
and premium, if any, and interest on the Certificates of each such Class; and the amount of aggregate unpaid interest accrued as of such Distribution Date; 
  

 37 

 (iii) the Swap Distribution Amount, if any, and the Swap Termination Amount, if any, for
such date; 
  
 (iv) in the case of each Class of
Floating Rate Certificates of such Series, the respective Floating Pass Through Rate applicable to each such Class on such Distribution Date, as calculated in accordance with the method specified in such Certificates and the related Series
Supplement; 
  
 (v) the amount of compensation
received by the Trustee and any Administrative Agent and such other customary information as the Trustee or Administrative Agent, as applicable, deems necessary or desirable, or that any such Certificateholder reasonably requests, to enable such
Certificateholder to prepare its tax returns; 
  
 (vi) if the Series Supplement provides for Advances, the aggregate amount of Advances, if any, included in such distribution, and the aggregate amount of unreimbursed Advances, if any, at the close of business on such Distribution Date;

  
 (vii) the aggregate stated principal amount
and, if applicable, notional amount of the Underlying Securities related to such Series and the current interest rate or rates thereon at the close of business on such Distribution Date; 
  
 (viii) the aggregate Certificate Principal Amount (or Notional Amount, if applicable) of each Class of such
Series at the close of business on such Distribution Date, separately identifying any reduction in such aggregate Certificate Principal Amount or Notional Amount due to the allocation of any Realized Losses on such Distribution Date or otherwise;
and 
  
 (ix) as to any Series (or any Class
within such Series) for which Credit Support has been obtained, the amount or notional amount of coverage of each element of Credit Support (and rating, if any, thereof) included therein as of the close of business on such Distribution Date.

  
 In the case of information furnished pursuant to subclauses (ii) and (iv)
above, the amounts shall be expressed as a Dollar amount (or the equivalent thereof in any other Specified Currency) per minimum denomination of Certificates or for such other specified portion thereof. Within a reasonable period of time after the
end of each calendar year, the Trustee shall furnish to each person who at any time during each such calendar year was a Certificateholder a statement containing the information set forth in subclauses (ii) and (iv) above, aggregated for such
calendar year or the applicable portion thereof during which such person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the
Trustee pursuant to any requirements of the Code and the Treasury Regulations as are from time to time in effect. The Trustee shall supply to Certificateholders who so request all materials received by the Trustee from the Underlying Securities
Issuer. 
  
 Section 4.3. Advances. (a) Unless otherwise
specified in the applicable Series Supplement, neither the Trustee nor an Administrative Agent appointed pursuant to the Series 

  

 38 

 
Supplement shall have any obligation to make Advances (as defined below) with respect to collections on the Deposited Assets or in favor of the holders of
any Series (or Class within such Series) of Certificates. However, as and to the extent provided in the Series Supplement for a given Series, and subject to the terms of paragraphs (b) and (c) of this Section 4.3, on or prior to each Distribution
Date, the Trustee or such Administrative Agent shall advance or cause to be advanced in immediately available funds to the Trustee for deposit in the Certificate Account for such Series an advance (each, an “Advance”) in an amount
equal, unless otherwise specified in the related Series Supplement, to the aggregate of distributions of principal, premium (if any) and interest (exclusive of any related administrative expenses and fees) due with respect to the Deposited Assets
for such Series (or Class) during the related Collection Period, to the extent remaining unpaid at the time of such Advance. In satisfaction of its obligation to make such Advances, the Administrative Agent or the Trustee, as applicable, shall make
such Advances from either (i) its own funds or (ii) funds with respect to the Underlying Securities for such Series or Class on deposit in the Certificate Account for such Series, if any, that do not constitute Available Funds with respect to such
Distribution Date; provided, however, that, to the extent the Administrative Agent or the Trustee shall have made Advances from funds on deposit in the applicable Certificate Account, the Administrative Agent or the Trustee, as
applicable, shall immediately deposit funds equal to the aggregate amount of such Advances into such Certificate Account on any subsequent Distribution Date to the extent that amounts on deposit in such Certificate Account on such Distribution Date
are less than the amount of distributions required to be made on such Distribution Date pursuant to Section 4.1 and the related Series Supplement. The Administrative Agent or the Trustee, as applicable, may recover Advances from late collections
received by the Trustee on the applicable Deposited Assets, proceeds from any applicable Credit Support, if any, and Liquidation Proceeds with respect to the Underlying Securities for such Series or Class, as specified in the related Series
Supplement, as to which any such unreimbursed Advance was made. 
  
 (b) Notwithstanding any provision herein to the contrary, no Advance shall be required to be made hereunder if the Administrative Agent or the Trustee, as the case may be, makes a good faith determination that it will be unable to recover
such Advance from Related Proceeds. It is further understood and agreed that the Administrative Agent or the Trustee, as the case may be, shall not be obligated to make any Advances in respect of reductions in the amount of collections on the
Underlying Securities due to bankruptcy proceedings with respect to the Underlying Securities or the obligors thereof. 
  
 (c) Notwithstanding any provision herein to the contrary, unless otherwise provided in the Series Supplement for a given Series, any Advances made in
respect of any Underlying Securities related to such Series (or Class within such Series) that are subsequently deemed by the Administrative Agent to be nonrecoverable from Related Proceeds may be reimbursed to the Administrative Agent through the
application of amounts on deposit in the Certificate Account for such Series allocable to any of such Deposited Assets prior to the distributions of interest, premium (if any) and principal with respect to the Certificates of such Series or Class.

  
 Section 4.4. Compliance with Withholding Requirements.
If any withholding tax is imposed on the payment (or allocations of income) to any Certificateholder, such tax shall reduce the amount otherwise distributable to such Certificateholder. The Trustee is hereby 

  

 39 

 
authorized and directed to retain from amounts otherwise distributable to any Certificateholder sufficient funds for the payment of any tax that is legally
owed by the Trust (but such authorization shall not prevent the Trustee from contesting any such tax in appropriate proceedings and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings), or that the Trustee
may otherwise determine it is obligated to withhold under applicable law or regulation. The amount of any withholding tax imposed with respect to any Certificateholder shall be treated as cash distributed to such Certificateholder at the time it is
withheld by the Trustee and remitted to the appropriate taxing authority. If there is a possibility that withholding tax is payable with respect to a distribution, the Trustee may in its sole discretion withhold such amounts in accordance with this
Section 4.4. If any Certificateholder wishes to apply for a refund of any such withholding tax, the Trustee shall reasonably cooperate with such Certificateholder in making such claim so long as such Certificateholder agrees to reimburse the Trustee
for any out-of-pocket expenses incurred. The Trustee shall use reasonable efforts to give notice to each Certificateholder of any such withholding requirement at least 10 days prior to the date of the payment from which amounts are required to be
withheld. 
  
 Section 4.5. Optional Exchange. (a) The terms
and conditions, if any, upon which Certificates of any Series (or Class within such Series) may be exchanged for a pro rata portion of the Underlying Securities of the related Trust will be specified in the related Series Supplement;
provided that any right of exchange shall be exercisable only to the extent that the Depositor provides upon the Trustee’s request an Opinion of Counsel that (i) such exchange would not be inconsistent with the Depositor’s and the
Trust’s continued satisfaction of the applicable requirements for exemption under Rule 3a-7 (or other applicable rule or exemption) under the Investment Company Act of 1940, as amended, and all applicable rules, regulations and interpretations
thereunder and (ii) such exchange would not cause the Trust to be taxable as a corporation for federal income tax purposes. Such terms may relate to, but are not limited to, the following: 
  
 (1) a requirement that the exchanging Certificateholder
tender to the Trustee Certificates of each Class within such Series; 
  
 (2) a minimum Certificate Principal Amount or Notional Amount, as applicable, with respect to Certificates being tendered for exchange by a single Certificateholder; 
  
 (3) a requirement that the Certificate Principal Amount or
Notional Amount, as applicable, of each Certificate tendered for exchange be an integral multiple of an amount specified in such Series Supplement; 
  
 (4) specified dates during which a Certificateholder may effect such an exchange (each, an “Optional Exchange Date”);

  
 (5) limitations on the right of an exchanging
Certificateholder to receive any benefit upon exchange from any Credit Support or Underlying Securities which are not debt securities; 
  

 40 

 (6) adjustments to the value of the proceeds of any exchange based upon required
prepayment of future expense allocations and if provided for in the applicable Series Supplement the establishment of a reserve for any anticipated Extraordinary Trust Expenses; 
  
 (7) a requirement that a Class of Certificates to be exchanged has been held by the exchanging
Certificateholder for a minimum of six months; and 
  
 (8) a requirement that no more than 5% of the initial Certificate Principal Amount of the Certificates and Call Warrants, if any, can be exchanged by a Certificateholder on an Optional Exchange Date, provided, however, that a
Certificateholder may exchange all of the Certificates and the Call Warrants with respect to the Underlying Securities held by such Trust, if any, on any date. 
  

(b) Unless otherwise provided in the applicable Series Supplement, no Certificate may be exchanged pursuant to the preceding paragraph unless the
Trustee has received at least 20 days but not more than 30 days prior to an Optional Exchange Date in accordance with delivery instructions specified in the applicable Series Supplement (i) such Certificates with the form entitled “Option to
Elect Exchange” on the reverse thereof duly completed, or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc., the Depositary (in
accordance with its normal procedures) or a commercial bank or trust company in the United States setting forth the name of the Certificateholders, the Certificate Principal Amount or Notional Amount of the Certificates to be exchanged and the
Certificate numbers or a description of the tenor and the terms of such Certificates, a statement that the option to elect exchange is being exercised thereby and an assurance that the Certificates to be exchanged with the form entitled “Option
to Elect Exchange” on the reverse of the Certificates duly completed will be received by such Trustee not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter, and such Certificates and forms
duly completed must be received by such Trustee by such fifth Business Day. Any tender of a Certificate by the Certificateholder thereof for exchange shall be irrevocable. Unless otherwise provided in the applicable Series Supplement, the exchange
option may be exercised pursuant to this Section by the holder of a Certificate for less than the Certificate Principal Amount or Notional Amount of such Certificate as long as the Certificate Principal Amount or Notional Amount remaining
Outstanding after such exchange is an authorized denomination and all other exchange requirements set forth in the related Series Supplement are satisfied. Upon such partial exchange, such Certificate shall be cancelled and a new Certificate or
Certificates for the remaining Certificate Principal Amount or Notional Amount thereof shall be issued (which, in the case of any Certificate, shall be in the name of the holder of such exchanged Certificate). 
  
 (c) Upon the completion of any such Optional Exchange, the Trustee shall give
prompt written notice thereof to the Rating Agencies. 
  

 41 

 ARTICLE V 
  

THE CERTIFICATES 
  
 Section 5.1. The Certificates. The Certificates of any Series (or Class within such Series) will be issued in fully registered form as Certificates
and shall be substantially in the form of the exhibits with respect thereto attached to the applicable Series Supplement. The aggregate Certificate Principal Amount or Notional Amount of Certificates which may be authenticated and delivered under
these Standard Terms is unlimited. 
  
 The Certificates may be
issued in one or more Series, each of which Series may be issued in one or more Classes, with such further particular designations added or incorporated in such title for the Certificates of any particular Series or Class within such Series as the
Depositor may determine. Each Certificate shall bear upon its face the designation so selected for the Series and Class to which it belongs. All Certificates of the same Series and Class shall be identical in all respects except for the
denominations thereof. All Certificates of all Classes within any one Series at any time Outstanding shall be identical except for differences among the Certificates of the different Classes within such Series specified in the applicable Series
Supplement. Except as otherwise provided in a Series Supplement, all Certificates of a particular Series (and all Classes within such Series) issued under these Standard Terms shall be in all respects equally and ratably entitled to the benefits
hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of these Standard Terms. 
  
 Each Series (and all Classes within such Series) of Certificates shall be
created by a Series Supplement authorized by the Depositor and establishing the terms and provisions of such Series. The several Series may differ as between Series and any Class may vary as between the other Classes within any given Series in
respect of any of the following matters: 
  
 (1)
the title of such Series and Certificates; 
  
 (2) designation of such Series and Class; 
  
 (3) the dates on which or periods during which the Certificates of such Series and Class may be issued and the offering price thereof; 
  
 (4) the number of Classes, the maximum Certificate Principal Amount or Notional Amount of Certificates of each Class that may be issued
and any priorities or subordination among Classes of a Series with respect to distributions from the Trust; 
  
 (5) for each Class of Certificates, the Pass Through Rate and, in the case of each Class of Floating Rate Certificates, the method for
calculating such Pass Through Rate; 
  
 (6) the
terms of the Letter of Credit, if any, or of the Surety Bond, if any, or of any other Credit Support for the benefit of the Certificateholders of such Series or Class or group of Classes; 
  

 42 

 (7) the places, if any, in addition to or instead of the Corporate Trust Office of the
Trustee (in the case of Certificates), where the principal of (and premium, if any) and interest on Certificates of such Series and Class shall be distributable; 
  
 (8) the authorized denominations (if other than $[    ] and integral multiples of $1,000
in excess thereof) with respect to such Series or Class; 
  
 (9) the Collection Periods, the Distribution Dates and the Scheduled Final Distribution Dates for such Series and Class; 
  
 (10) the types of Underlying Securities that will be included in the Trust for such Series and the manner and priorities of allocating
distributions with respect to collections of principal (and premium, if any) and interest payments allocable to such Underlying Securities among Certificateholders of different Classes (including whether the Certificates of any such Class are to be
entitled to receive principal distributions with disproportionate, nominal or no interest distributions, or interest distributions with disproportionate, nominal or no principal distributions, and, in each case, the applicable terms thereof);

  
 (11) the amount, if any, to be deposited on
the Closing Date in the Certificate Account for such Series; 
  
 (12) the manner in which the Reserve Account, if any, is to be funded, the amount, if any, to be deposited therein on the Closing Date and the Requisite Reserve Amount, if any, for such Series or Class; 
  
 (13) the provisions, if any, for the optional exchange of
the Certificates of such Series by the Certificateholders of such Series and the periods within which or the dates on which, and the terms and conditions on which, such Certificates may be exchanged in whole or in part for a pro rata
portion of the Underlying Securities related to such Series; 
  
 (14) whether the Certificates of such Series or Class or any of the Underlying Securities are callable or subject to early redemption; 
  
 (15) whether the Certificates of such Series or Class are to be issued as Discount Certificates and the
amount of discount with which such Certificates may be issued; 
  
 (16) whether the Certificates of such Series or Class are to be issued in whole or in part in the form of one or more Global Securities and, in such case, the Depositary for such Global Security or Securities and the
terms and conditions, if any, upon which interests in such Global Security or Securities may be exchanged in whole or in part for the individual Definitive Certificates represented thereby; 
  
 (17) if a temporary Certificate is to be issued with respect
to such Series or any Class within such Series, whether any interest thereon distributable on a Distribution Date prior to the issuance of a permanent Certificate of such Series or Class will be credited to the account of the persons entitled
thereto on such Distribution Date; 
  

 43 

 (18) if a temporary Global Security is to be issued with respect to such Series or Class,
the terms upon which beneficial interests in such temporary Global Security may be exchanged in whole or in part for beneficial interests in a permanent Global Security or for individual Definitive Certificates of such Series or Class and the terms
upon which beneficial interests in a permanent Global Security, if any, may be exchanged for individual Definitive Certificates of such Series or Class; 
  
 (19) if other than Dollars, the Currency in which Certificates of such Series or Class shall be denominated or in which distributions of
the principal of (and premium, if any) and interest on such Certificates may be made and any other terms concerning such payment; 
  
 (20) if the principal of (and premium, if any) or interest on Certificates of such Series or Class are to be distributable, at the
election of the Depositor or a Certificateholder thereof, in a Currency other than that in which such Certificates are denominated or distributable without such election, the periods within which and the terms and conditions upon which such election
may be made and the time and the manner of determining the exchange rate between the Currency in which such Certificates are denominated or distributable without such election and the Currency in which such Certificates are to be distributed if such
election is made; 
  
 (21) any additional
Administrative Agent Termination Events or representations, warranties or covenants provided for with respect to Certificates of such Series; 
  
 (22) all applicable Required Percentages and Voting Rights relating to the manner and percentage of votes of Certificateholders of such
Series and each Class within such Series required with respect to certain actions by the Depositor or the Administrative Agent, if any, or the Trustee; 
  
 (23) provisions with respect to the terms for which the definitions set forth in Article I permit or require further specification in the
related Series Supplement, including: 
  

	 	(a)	“Accounting Date”; 

	 	(b)	“Accreted Amount”; 

	 	(c)	“Administrative Agent”; 

	 	(d)	“Administrative Fee”; 

	 	(e)	“Available Funds”; 

	 	(f)	“Basic Documents”; 

	 	(g)	“Calculation Agent”; 

	 	(h)	“Call Premium Percentage”; 

	 	(i)	“Closing Date”; 

	 	(j)	“Collection Period”; 

	 	(k)	“Corporate Trust Office”; 

	 	(l)	“Credit Support”; 

	 	(m)	“Credit Support Document”; 

  

 44 

	 	(n)	“Credit Support Provider”; 

	 	(o)	“Cut-off Date”; 

	 	(p)	“Depositary”; 

	 	(q)	“Depositary Agreement” 

	 	(r)	“Deposited Asset Provider”; 

	 	(s)	“Deposited Asset Purchase Agreement”; 

	 	(t)	“Deposited Assets”; 

	 	(u)	“Deposited Assets Schedule”; 

	 	(v)	“Discount Certificates”; 

	 	(w)	“Distribution Date”; 

	 	(x)	“Event of Default”; 

	 	(y)	“Extraordinary Trust Expense”; 

	 	(z)	“Final Scheduled Distribution Date”; 

  

	 	(aa)	“Fixed Pass Through Rate”; 

	 	(bb)	“Floating Pass Through Rate”; 

	 	(cc)	“Floating Rate Certificate”; 

	 	(dd)	“Global Securities”; 

	 	(ee)	“Guaranteed Investment Contract”; 

	 	(ff)	“Letter of Credit”; 

	 	(gg)	“Limited Guarantor”; 

	 	(hh)	“Limited Guaranty”; 

	 	(ii)	“Notional Amount”; 

	 	(jj)	“Optional Exchange Date”; 

	 	(kk)	“Pass Through Rate”; 

	 	(ll)	“Permitted Investments”; 

	 	(mm)	“Place of Distribution”; 

	 	(nn)	“Purchase Price”; 

	 	(oo)	“Qualified Substitute Deposited Asset”; 

	 	(pp)	“Rating Agencies”; 

	 	(qq)	“Rating Agency Condition”; 

	 	(rr)	“Record Date”; 

	 	(ss)	“Required Interest”; 

	 	(tt)	“Required Premium”; 

	 	(uu)	“Required Principal”; 

	 	(vv)	“Required Percentage”; 

	 	(ww)	“Required Rating”; 

	 	(xx)	“Requisite Reserve Amount”; 

	 	(yy)	“Retained Interest”; 

	 	(zz)	“Scheduled Final Distribution Date”; 

  

	 	(aaa)	“Securities Intermediary”; 

	 	(bbb)	“Specified Currency”; 

	 	(ccc)	“Surety Bond”; 

	 	(ddd)	“Trust”; 

	 	(eee)	“Trustee”; 

	 	(fff)	“Trust Termination Event”; 

  

 45 

	 	(ggg)	“Underlying Securities”; 

	 	(hhh)	“Underlying Securities Issuer”; and 

	 	(iii)	“Voting Rights”; 

  
 (24) rights and remedies provided to any Credit Support Provider with respect to all or a portion of the Trust for such Series or Class;

  
 (25) any restrictions on the sale and
transfer of the Certificates, including restrictions arising out of the Employee Retirement Income Security Act of 1974, as amended, or the Code and Treasury Regulations; and 
  
 (26) any other provisions expressing or referring to the terms and conditions upon which the Certificates of
such Series or Class are to be issued under these Standard Terms that do not prevent such Certificates from receiving the Required Rating. 
  
 In the absence of any specification pursuant to this Section 5.1 with respect to Certificates of any Series, the Certificates of such Series shall be
issuable only as Certificates in denominations of $[25] and in integral multiples thereof and shall be payable only in Dollars. 
  
 A different Trustee and an Administrative Agent may be appointed by the Depositor for each Series of Certificates prior to the issuance of such Series
provided that the Rating Agency Condition is met. If the initial Trustee is to be other than U.S. Bank Trust National Association, or there is to be an Administrative Agent, then such Series Supplement shall provide for the appointment of such
Trustee or such Administrative Agent or both, as applicable, of such Series and shall add or change any of the provisions of these Standard Terms as shall be necessary to provide for or facilitate the administration of the trusts hereunder and of
the Underlying Securities; it being understood that nothing contained herein or in such Series Supplement shall constitute the Trustees for different Series as co-trustees for the same Series or the administrative agents for different Series as
co-administrative agents for the same Series, and that each Trustee shall be a trustee of a trust or trusts separate and apart from any trust or trusts hereunder of any other Trustee, and that each Administrative Agent shall be an administrative
agent of a Trust separate and apart from any other Trust. Upon final appointment of any new Trustee or Administrative Agent, the Trustee shall provide a notice of such appointment to the Rating Agencies not later than 15 days following such
appointment. 
  
 Section 5.2. Execution, Authentication and
Delivery. (a) The Certificates shall be executed by the Depositor by its President, its Treasurer or one of its Vice Presidents. The signature of any of these officers may be manual or facsimile. Certificates bearing the manual or facsimile
signature of individuals who were at any time the proper officers of the Depositor shall be binding, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates
or did not hold such offices at the date of such Certificates. 
  

 46 

 (b) Each Certificate shall be dated as of the later of the date specified in the related Series
Supplement and the date of its authentication. 
  
 (c) No
Certificate shall be entitled to any benefit under these Standard Terms or be valid or obligatory for any purpose, unless there appears on such Certificate a certificate of authentication substantially in one of the forms provided for herein
executed by the Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered
hereunder and is entitled to the benefits of these Standard Terms. 
  
 Section 5.3. Temporary Certificates. Pending the preparation of Definitive Certificates of any Series (or Class within such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall authenticate and
deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the Definitive Certificates in lieu of which they are issued, in
registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding
Certificates of such Series or Class. Every such temporary Certificate shall be executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same
effect, as the Definitive Certificate or Definitive Certificates in lieu of which it is issued. 
  
 If temporary Certificates of any Series (or Class within such Series) are issued, the Depositor will cause Definitive Certificates of such Series or Class
to be prepared without unreasonable delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates of such Series or Class
upon surrender of the temporary Certificates of such Series or Class at the office of the Trustee in a Place of Distribution for such Series or Class, without charge to the Certificateholder, except as provided in Section 5.4 in connection with a
transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series the Depositor shall execute and the Trustee shall authenticate and deliver in exchange therefor Definitive
Certificates with a like Certificate Principal Amount or Notional Amount, as applicable, of the same Series (or Class within such Series) of authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or
Class within such Series) shall in all respects be entitled to the same benefits under these Standard Terms as Definitive Certificates of such Series or Class, except as otherwise specified in the applicable Series Supplement with respect to the
payment of interest on Global Securities in temporary form. 
  
 Upon any exchange of a portion of a temporary Global Security for a definitive Global Security or for the individual Definitive Certificates represented thereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security
shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Amount or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Amount or 

  

 47 

 
Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed. 
  
 Section 5.4. Registration; Registration of Transfer and Exchange. The
Trustee shall cause to be kept a register for each Series of Certificates (the registers maintained in such office and in any other office or agency of the Trustee in a Place of Distribution being herein sometimes collectively referred to as the
“Certificate Register”) in which a transfer agent and registrar (which may be the Trustee) (the “Certificate Registrar”) shall provide for the registration of Certificates and the registration of transfers and
exchanges of Certificates. The Trustee is hereby initially appointed Certificate Registrar for the purpose of registering Certificates and transfers and exchanges of Certificates as herein provided; provided, however, that the Trustee may appoint
one or more co-Certificate Registrars. Upon any resignation of any Certificate Registrar, the Depositor shall promptly appoint a successor or, in the absence of such appointment, assume the duties of Certificate Registrar. 
  
 If a Person other than the Trustee is appointed by the Depositor as
Certificate Registrar, the Depositor will give the Trustee prompt written notice of the appointment of a Certificate Registrar and of the location, and any change in the location, of the Certificate Register, and the Trustee shall have the right to
rely upon a certificate executed on behalf of the Certificate Registrar by an Authorized Officer thereof as to the names and addresses of the Certificateholders and the principal amounts and numbers of such Certificates. 
  
 Upon surrender for registration of transfer of any Certificate of any Series
(or Class within such Series) at the office or agency of the Trustee, if the requirements of Section 8-401(1) of the Uniform Commercial Code are met to the Depositor’s satisfaction, the Depositor shall execute, and the Trustee shall
authenticate and deliver, in the name of the designated transferee or transferees, one or more new Certificates of any authorized denominations, of a like Series, Class and aggregate Certificate Principal Amount or Notional Amount, as applicable.

  
 Notwithstanding any other provision of this Section, unless
and until it is exchanged in whole or in part for the individual Certificates represented thereby, a Global Security representing all or a portion of the Certificates of a Series (or Class within such Series) may not be transferred except as a whole
by the Depositary for such Series or Class to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such
Series or Class or a nominee of such successor Depositary. 
  
 At
the option of the Certificateholder, Certificates of any Series (or Class within such Series) (other than a Global Security, except as set forth below) may be exchanged for other Certificates of the same Series or Class of any authorized
denomination or denominations of like tenor and aggregate Certificate Principal Amount or Notional Amount, as applicable, upon surrender of the Certificates to be exchanged at the office or agency of the Trustee maintained for such purpose.

  

 48 

 Whenever any Certificates are so surrendered for exchange, the Depositor shall execute and the Trustee
shall authenticate and deliver the Certificates that the Certificateholder making the exchange is entitled to receive. 
  
 If at any time the Depositary for the Certificates of a Series (or Class within such Series) notifies the Depositor that it is unwilling or unable to
continue as Depositary for the Certificates of such Series or Class or if at any time the Depositary for the Certificates of such Series or Class shall no longer be eligible under Section 5.9(b), the Depositor shall appoint a successor Depositary
with respect to the Certificates of such Series or Class. If a successor Depositary for the Certificates of such Series or Class is not appointed by the Depositor within 90 days after the Depositor receives such notice or becomes aware of such
ineligibility, the Depositor’s election pursuant to Section 5.1 shall no longer be effective with respect to the Certificates of such Series or Class and the Depositor will execute, and the Trustee, upon receipt of a Depositor Order for the
authentication and delivery of individual Certificates of such Series or Class, will authenticate and deliver individual Certificates of such Series or Class in an aggregate Certificate Principal Amount or Notional Amount, as applicable, equal to
the aggregate Certificate Principal Amount or Notional Amount, as applicable, of the Global Security or Securities representing Certificates of such Series or Class in exchange for such Global Security or Securities. 
  
 The Depositor may at any time and in its sole discretion determine that
individual Certificates of any Series (or Class within such Series) issued in the form of one or more Global Securities shall no longer be represented by such Global Security or Securities. In such event the Depositor shall execute, and the Trustee,
upon receipt of a Depositor Order for the authentication and delivery of individual Certificates of such Series or Class, shall authenticate and deliver, individual Certificates of such Series or Class in an aggregate Certificate Principal Amount or
Notional Amount, as applicable, equal to the aggregate Certificate Principal Amount or Notional Amount, as applicable, of the Global Security or Securities representing Certificates of such Series or Class in exchange for such Global Security or
Securities. 
  
 If specified by the Depositor pursuant to Section
5.1 with respect to a Series (or Class within such Series) of Certificates, the Depositary for such Series may surrender a Global Security for such Series or Class in exchange in whole or in part for individual Certificates of such Series or Class
on such terms as are acceptable to the Depositor and such Depositary. 
  
 Thereupon, the Depositor shall execute, and the Trustee, upon receipt of a Depositor Order, shall authenticate and deliver, without service charge, 
  
 (i) to each Person specified by such Depositary a new individual Certificate or Certificates of the same Series or Class, of any
authorized denomination as requested by such Person in an aggregate Certificate Principal Amount or Notional Amount, as applicable, equal to and in exchange for such Person’s beneficial interest in the Global Security; and 
  
 (ii) to such Depositary a new Global Security in a
denomination equal to the difference, if any, between the aggregate Certificate Principal Amount or Notional Amount, as applicable, of the surrendered Global Security and the aggregate Certificate 

  

 49 

 
Principal Amount or Notional Amount, as applicable, of individual Certificates delivered to holders thereof. 
  
 In any exchange provided for in any of the preceding three paragraphs, the
Depositor shall execute, and the Trustee, upon receipt of a Depositor Order, will authenticate and deliver individual Certificates in registered form in authorized denominations. 
  
 Upon the exchange of a Global Security for individual Certificates, such Global Security shall be cancelled by the Trustee.
Individual Certificates issued in exchange for a Global Security pursuant to this Section 5.4 shall be registered in such names and in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from its
Participants, any indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Certificates to the Persons in whose names such Certificates are so registered. 
  
 All Certificates issued upon any registration of transfer or exchange of
Certificates shall constitute complete and indefeasible evidence of ownership in the Trust related to such Certificates and be entitled to the same benefits under these Standard Terms as the Certificates surrendered upon such registration of
transfer or exchange. 
  
 Every Certificate presented or
surrendered for registration of transfer or exchange shall (if so required by the Depositor, the Trustee or the Certificate Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Depositor, the
Trustee and the Certificate Registrar, duly executed, by the Certificateholder thereof or his attorney duly authorized in writing, with such signature guaranteed by a brokerage firm or financial institution that is a member of a Securities Approved
Medallion Program such as Securities Transfer Agents Medallion Program (STAMP), Stock Exchange Medallion Program (SEMP) or New York Stock Exchange Inc. Medallion Signature Program (MSP). 
  
 No service charge shall be made to a Certificateholder for any registration of transfer or exchange of Certificates, but the
Depositor may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Certificates, other than exchanges pursuant to Section 5.3 not
involving any transfer. 
  
 Section 5.5. Mutilated, Destroyed,
Lost and Stolen Certificates. If (i) any mutilated Certificate is surrendered to the Trustee at its Corporate Trust Office (in the case of Certificates) or (ii) the Depositor and the Trustee receive evidence to their satisfaction of the
destruction, loss or theft of any Certificate, and there is delivered to the Depositor and the Trustee such security or indemnity as they may require to hold each of them and any Paying Agent harmless, and neither the Depositor nor the Trustee
receives notice that such Certificate has been acquired by a bona fide purchaser, then the Depositor shall execute and the Trustee, upon receipt of a Depositor Order, shall authenticate and deliver, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Certificate a new Certificate of the same Series and Class of like tenor, form, terms and principal amount, bearing a number not contemporaneously Outstanding. 
  

 50 

 Upon the issuance of any new Certificate under this Section, the Depositor may require the payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed in respect thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
  
 Every new Certificate of any Series or Class issued pursuant to this Section
shall constitute complete and indefeasible evidence of ownership in the Trust related to such Series, whether or not the destroyed, lost or stolen Certificate shall be at any time enforceable by anyone, and shall be entitled to all the benefits of
these Standard Terms equally and proportionately with any and all other Certificates of that Series or Class duly issued hereunder. 
  
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Certificates. 
  
 Section 5.6. Distribution of Interest; Interest Rights Preserved. (a) Interest on any Certificate that is payable and is punctually paid or duly provided for on any Distribution Date shall be distributed to the Person in whose name
such Certificate (or one or more Predecessor Certificates) is registered at the close of business on the related Record Date notwithstanding the cancellation of such Certificate upon any transfer or exchange subsequent to such related Record Date.
The distribution of interest on Certificates shall be made at the Corporate Trust Office (except as otherwise specified pursuant to Section 5.1) or, at the option of the Trustee, by check mailed to the address of the Person entitled thereto as such
address shall appear in the Certificate Register or, if provided pursuant to Section 5.1 and in accordance with arrangements satisfactory to the Trustee, at the option of the Certificateholder by wire transfer to an account designated by the
Certificateholder. 
  
 (b) Subject to the foregoing provisions of
this Section 5.6, each Certificate delivered under these Standard Terms upon transfer of or in exchange for or in lieu of any other Certificate shall carry the rights to interest accrued and undistributed, and to accrue, that were carried by such
other Certificate. 
  
 (c) All computations of interest due with
respect to any Certificate of any Series or Class within such Series shall be made as specified in the Series Supplement applicable to that particular Series or Class of Certificates. 
  
 (d) With respect to any computations or calculations to be made under these Standard Terms, the applicable Series Supplement
and the Certificates, except as otherwise provided, (i) all percentages resulting from any calculation of accrued interest will be rounded, if necessary, to the nearest 1/100,000 of 1% (.0000001), with five one-millionths of a percentage point
rounded upward, and (ii) all currency amounts will be rounded to the nearest one-hundredth of a unit (with .005 of a unit being rounded upward). 
  
 (e) Notwithstanding any other provisions in these Standard Terms, the right of the holder of any Certificate to receive any of the payments described
above in this Section 5.6, and to institute suit for the enforcement of any such payment on or after the date such payment is payable, shall not be impaired without the consent of such Certificateholder. 
  

 51 

 Section 5.7. Persons Deemed Owners. The Depositor, the Trustee, the Securities Intermediary and
the Administrative Agent, if any, and any agent of the Depositor, the Trustee, the Securities Intermediary or the Administrative Agent, if any, may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions of principal of (and premium, if any) and (subject to Section 5.6) interest, if any, on such Certificate and for all other purposes whatsoever, whether or not such Certificate be overdue, and neither the Depositor,
the Trustee, the Securities Intermediary or the Administrative Agent, if any, nor any agent of the Depositor, the Trustee, the Securities Intermediary or the Administrative Agent, if any, shall be affected by notice to the contrary. All
distributions made to any Certificateholder, or upon his order, shall be valid, and, to the extent of the sum or sums paid, effectual to satisfy and discharge the liability for moneys distributable upon such Certificate. 
  
 None of the Depositor, the Securities Intermediary, the Trustee, the
Administrative Agent, if any, or any of their agents will have any responsibility or liability for any aspect of the records relating to or distributions made on account of beneficial ownership interests in a Global Security or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interests. 
  
 In connection with any notice or other communication to be provided to Certificateholders pursuant to these Standard Terms by the Trustee with respect to any consent or other action to be taken by Certificateholders,
the Trustee shall establish a record date for such consent or other action and in the case of Global Certificates, give the Depositary notice of such record date not less than 15 calendar days in advance of such record date to the extent possible.
Such record date shall be the later of thirty (30) days prior to the first solicitation of such consent or other action or the date of the most recent list of Certificateholders furnished to the Trustee pursuant to Section 3.19 hereof. 

 
 Section 5.8. Cancellation. Unless otherwise specified pursuant to
Section 5.1 for Certificates of any Series, all Certificates surrendered for payment, redemption, transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. No
Certificates shall be authenticated in lieu of or in exchange for any Certificates cancelled as provided in this Section, except as expressly permitted by these Standard Terms. 
  
 Section 5.9. Global Securities. (a) If the Series Supplement pursuant to Section 5.1 provides that a Series (or Class
within such Series) of Certificates shall be represented by one or more Global Securities, then the Depositor shall execute and the Trustee shall authenticate and deliver one or more Global Securities that (i) shall represent an aggregate initial
Certificate Principal Amount or Notional Amount, as applicable, equal to the aggregate initial Certificate Principal Amount or Notional Amount, as applicable, of the Certificates of such Series or Class to be represented by such one or more Global
Securities, (ii) shall be registered, in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s
instruction and (iv) shall bear a legend substantially to the following effect: “Unless and until it is exchanged in whole or in part for the individual Certificates represented hereby, this Global Security may not be transferred except as a
whole by the Depositary to a 

  

 52 

 
nominee of the Depositary or by a nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary.” 
  
 No Certificateholder of such Series or Class
will receive a Definitive Certificate representing such Certificateholder’s interest in such Certificate or Certificates, except as provided in Section 5.11. Unless and until definitive, fully registered Certificates (the “Definitive
Certificates”) have been issued to Certificateholders of such Series or Class pursuant to Section 5.11: 
  
 (i) the provisions of this Section 5.9 shall be in full force and effect; 
  
 (ii) the Certificate Registrar and the Trustee shall be entitled to deal with the Depositary for all
purposes of these Standard Terms (including the distribution of principal of, and premium, if any, and interest on the Certificates and the giving of instructions or directions hereunder) as the sole Certificateholder of such Series or Class, and
shall have no obligation to the owners of beneficial interests in such Series or Class (collectively, the “Certificate Owners”); 
  
 (iii) to the extent that the provisions of this Section 5.9 conflict with any other provisions of these Standard Terms, the provisions of
this Section 5.9 shall control; 
  
 (iv) the
rights of Certificate Owners of such Series or Class shall be exercised only through the Depositary and shall be limited to those established by law and agreements between such Certificate Owners and the Depositary or its Participants; and

  
 (v) whenever these Standard Terms requires or
permits actions to be taken based upon instructions or directions of Certificateholders of such Series or Class evidencing a specified percentage of the aggregate Voting Rights of such Series or Class, the Depositary shall be deemed to represent
such percentage only to the extent that it has received instructions to such effect from Certificate Owners of such Series or Class or Participants in such Depositary’s system owning or representing, respectively, such required percentage of
the beneficial interest in the Certificates of such Series or Class and has delivered such instructions to the Trustee. 
  
 (b) Each Depositary designated pursuant to Section 5.1 for a Global Security in registered form must, at the time of its designation and at all times
while it serves as such Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation. 
  
 Section 5.10. Notices to Depositary. Whenever a notice or other communication to the Certificateholders of a Series or Class within such Series
represented by one or more Global Securities is required under these Standard Terms, unless and until Definitive Certificates for such Series or Class shall have been issued to such Certificate Owners pursuant to Section 5.11, the Trustee shall give
all such notices and communications specified herein to be given to Certificateholders of such Series to the Depositary, and shall have no obligation to the Certificate Owners. 
  

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 Section 5.11. Definitive Certificates. If in respect of a Series (or Class within such Series)
represented by one or more Global Securities (i) the Depositor advises the Trustee in writing that the Depositary is no longer willing or able to properly discharge its responsibilities with respect to the Certificates of such Series or Class and
the Depositor is unable to locate a qualified successor, (ii) the Depositor at its option advises the Trustee in writing that it elects to terminate the book-entry system for such Series or Class through the Depositary or (iii) after the occurrence
of an Administrative Agent Termination Event, Certificate Owners representing beneficial interests aggregating at least a majority (or such other Required Percentage-Definitive Certificates that may be specified in a Series Supplement) of the Voting
Rights of the Certificates of such Series or Class advise the Depositary in writing that the continuation of a book-entry system for such Series or Class through the Depositary is no longer in the best interests of the Certificate Owners of such
Series or Class, then the Depositary shall notify all Certificate Owners or Participants in the Depositary’s system with respect to such Series or Class and the Trustee of the occurrence of any such event and of the availability of Definitive
Certificates for such Series or Class to Certificate Owners of such Series or Class requesting the same. Upon surrender to the Trustee of the Global Securities of such Series or Class by the Depositary, accompanied by registration instructions, the
Depositor shall execute and the Trustee shall authenticate the Definitive Certificates of such Series or Class in accordance with the instructions of the Depositary. None of the Depositor, the Certificate Registrar, the Trustee or the Securities
Intermediary shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates of such Series or Class, the Trustee
shall recognize the holders of the Definitive Certificates of such Series or Class as Certificateholders. 
  
 Section 5.12. Currency of Distributions in Respect of Certificates. (a) Except as otherwise specified pursuant to Section 5.1 for Certificates of
any Series (or Class within such Series), distributions of the principal of (and premium, if any) and interest on Certificates of such Series or Class will be made in Dollars. 
  
 (b) For purposes of any provision of the Agreement where the Certificateholders of Outstanding Certificates may perform an
act that requires that a specified percentage of the aggregate Voting Rights of the Certificates of all Series perform such act and for purposes of any decision or determination by the Trustee of amounts due and not distributed for the principal of
(and premium, if any) and interest on the Certificates of all Series in respect of which moneys are to be disbursed ratably, the principal of (and premium, if any) or notional amount of, as applicable, and interest on the Outstanding Certificates
denominated in a Foreign Currency will be the amount in Dollars based upon exchange rates, determined as specified pursuant to Section 5.1 for Certificates of such Series, as of the date for determining whether the Certificateholders entitled to
perform such act have performed it or as of the date of such decision or determination by the Trustee, as the case may be. 
  
 (c) With respect to Certificates of any Series (or Class within such Series), any decision or determination to be made regarding exchange rates shall be
made by an Exchange Rate Agent appointed by the Depositor; provided that such Exchange Rate Agent shall accept such appointment in writing and the terms of such appointment shall be acceptable to the Trustee and shall, in the opinion of the
Depositor at the time of such appointment, require such 

  

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Exchange Rate Agent to make such determination by a method consistent with the method provided in the applicable Series Supplement for the making of such
decision or determination. All decisions and determinations of such Exchange Rate Agent regarding exchange rates shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon
the Depositor, the Trustee and all Certificateholders of such Series or Class. 
  
 (d) If distributions in respect of a Certificate are required to be made in a Specified Currency other than Dollars and such currency is unavailable due to the imposition of exchange controls or other circumstance
beyond the control of the Trustee, the Administrative Agent, if any, and the Depositor or is no longer used by the government of the country issuing such Specified Currency or is no longer commonly used for the settlement of transactions by public
institutions of or within the international banking community, then all distributions in respect of such Certificate shall be made in Dollars until such Specified Currency is again so used in the manner specified in the related Series Supplement.

  
 Section 5.13. Conditions of Authentication and Delivery of
New Series. Certificates of a new Series may be issued at any time and from time to time after the execution and delivery of these Standard Terms. The Depositor shall execute and deliver Certificates of such Series to the Trustee and the Trustee
shall authenticate and deliver such Certificates upon a Depositor Order and upon delivery by the Depositor to the Trustee of the following: 
  
 (1) Series Supplement. A Series Supplement consistent with the applicable provisions of these Standard Terms. 
  
 (2) Certificates of the Depositor. An Officer’s
Certificate of the Depositor, dated as of the Closing Date, to the effect that the Depositor is not in breach of these Standard Terms and that the issuance of the Certificates applied for will not result in any breach of any of the terms,
conditions, or provisions of, or constitute a default under, the Depositor’s limited liability company agreement, or any indenture, mortgage, deed of transfer or other agreement or instrument to which the Depositor is a party or by which it or
its property is bound or any order of any court or administrative agency entered in any Proceeding to which the Depositor is a party or by which it or its property may be bound or to which it or its property may be subject. 
  
 (3) Requirements of Series Supplement. Such other
funds, accounts, documents, certificates, agreements, instruments or opinions as may be required by the terms of the Series Supplement creating such Series. 
  
 If all the Certificates of a Series are not to be originally issued at the same time, then the documents required to be delivered pursuant to this Section
5.13 must be delivered only once, prior to the authentication and delivery of the first Certificate of such Series; provided, however, that any subsequent Depositor Order to the Trustee to authenticate Certificates of such Series upon
original issuance shall constitute a representation and warranty by the Depositor that, as of the date of such request, the statements made in the Officer’s Certificates delivered pursuant to this Section 5.13 shall be true and correct as if
made on such date. 
  

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 Section 5.14. Appointment of Paying Agent. The Trustee may appoint one or more paying agents
(each, a “Paying Agent”) with respect to the Certificates of any Series. Any such Paying Agent shall be authorized to make distributions to Certificateholders of such Series from the Certificate Account for such Series pursuant to
the provisions of the applicable Series Supplement and shall report the amounts of such distributions to the Trustee. Any Paying Agent shall have the revocable power to withdraw funds from such Certificate Account for the purpose of making the
distributions referred to above. The Trustee may revoke such power and remove the Paying Agent if the Trustee determines in its sole discretion that the Paying Agent shall have failed to perform its obligations under these Standard Terms in any
material respect. The Paying Agent shall initially be the Trustee and any co-paying agent chosen by the Depositor and acceptable to the Trustee, including, if and so long as any Series or Class within such Series is listed on the [Luxembourg Stock
Exchange] and such exchange so requires, a co-paying agent in [Luxembourg or another European city]. Any Paying Agent shall be permitted to resign as Paying Agent upon 30 days’ notice to the Trustee. In the event that the Trustee shall no
longer be the Paying Agent, the Trustee shall appoint a successor or additional Paying Agent. The Trustee shall cause each successor to act as Paying Agent to execute and deliver to the Trustee an instrument in which such successor or additional
Paying Agent shall agree with the Trustee that (i) it will hold all sums, if any, held by it for distribution to the Certificateholders in trust for the benefit of the Certificateholders entitled thereto until such sums shall be distributed to such
Certificateholders and (ii) it will give the Trustee notice of any default by any obligor on the applicable Series of Certificates or on the Underlying Securities. The Paying Agent shall return all unclaimed funds to the Trustee and upon removal
shall also return all funds in its possession to the Trustee. The provisions of Sections 8.1, 8.2, 8.3, 8.5 and 8.9 shall apply to the Trustee also in its role as Paying Agent, for so long as the Trustee shall act as Paying Agent. Any reference in
these Standard Terms to the Paying Agent shall include any co-paying agent unless the context requires otherwise. Notwithstanding anything contained herein to the contrary, the appointment of a Paying Agent pursuant to this Section 5.14 shall not
release the Trustee from the duties, obligations, responsibilities or liabilities arising under these Standard Terms other than with respect to funds paid to such Paying Agent. 
  
 Section 5.15. Authenticating Agent. (a) The Trustee may appoint one or more Authenticating Agents (each, an
“Authenticating Agent”) with respect to the Certificates of any Series which shall be authorized to act on behalf of the Trustee in authenticating such Certificates in connection with the issuance, delivery and registration of
transfer or exchange of such Certificates. Whenever reference is made in these Standard Terms to the authentication of Certificates by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include
authentication on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent must be acceptable to the Depositor and the Administrative
Agent, if any. Notwithstanding anything contained herein to the contrary, the appointment of an Authenticating Agent pursuant to this Section 5.15 shall not release the Trustee from the duties, obligations, responsibilities or liabilities arising
under these Standard Terms. 
  
 (b) Any institution succeeding to
the corporate agency business of any Authenticating Agent shall continue to be an Authenticating Agent without the execution or filing of any power or any further act on the part of the Trustee or such Authenticating Agent. An Authenticating Agent
may at any time resign by giving notice of resignation to the Trustee 

  

 56 

 
and to the Depositor. The Trustee may at any time terminate the agency of an Authenticating Agent by giving notice of termination to such Authenticating
Agent and to the Depositor. Upon receiving such a notice of resignation or upon such a termination, or in case at any time an Authenticating Agent shall cease to be acceptable to the Trustee or the Depositor, the Trustee promptly may appoint a
successor Authenticating Agent. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an
Authenticating Agent. No successor Authenticating Agent shall be appointed unless acceptable to the Administrative Agent, if any, and the Depositor. The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for
its services under this Section. The provisions of Section 8.1, 8.2 and 8.3 shall be applicable to any Authenticating Agent. 
  
 (c) Pursuant to an appointment made under this Section 5.15, the Certificates may have endorsed thereon, in lieu of the Trustee’s certificate of
authentication, an alternate certificate of authentication in substantially the following form: 
  
 This is one of the Certificates described in the Standard Terms for Trust Agreements and the related Series Supplement. 
  

	
	
	 
	 as Authenticating Agent for the Trustee,

	
	 
	 By: Authorized Signatory

  
 Section 5.16.
Events of Default. If any Event of Default shall occur and be continuing with respect to any class of Certificates, then, and in each and every case, the Trustee shall exercise any rights in respect of the related Underlying Securities as
provided in the applicable Series Supplement. 
  
 Section 5.17.
Control by Certificateholders. The holders of Outstanding Certificates representing the Required Percentage-Direction of Trustee shall, subject to provision being made for indemnification against costs, expenses and liabilities in a form
satisfactory to the Trustee, have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Trustee with respect to any Issuer Payment Default; provided, however, that: 
  
 (i) such direction shall not be in conflict with any rule of
law or with these Standard Terms; 
  
 (ii)
subject to Section 8.7, the Trustee need not take any action that it determines might cause it to incur any liability or might materially adversely affect the rights of any Certificateholders not consenting to such action. 
  
 Section 5.18. Waiver of Past Defaults. The holders of Outstanding
Certificates representing the Required Percentage-Direction of Trustee may waive any past default and its consequences except (i) an Issuer Payment Default or other default in the payment of principal of 

  

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or interest on any of the Certificates or (ii) a default in respect of a covenant or provision hereof which cannot be modified or amended without the consent
of each Certificateholder. In the case of any such waiver, the Depositor, the Trustee and the Certificateholders shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or
other default or impair any right consequent thereto. 
  
 ARTICLE VI 
  
 THE DEPOSITOR AND THE
ADMINISTRATIVE AGENT 
  
 Section 6.1. Preparation and
Filing of Exchange Act Reports; Obligations of the Trustee, the Depositor and the Administrative Agent. (a) The Administrative Agent, if any, shall be liable in accordance herewith only to the extent of the obligations specifically imposed by
these Standard Terms and the related Series Supplement. The Trustee shall: 
  
 (1) on behalf of the Trust, prepare for signature by the Depositor and file with the Commission, following the execution thereof by the Depositor, within the time period set forth below, copies of the annual reports
and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe), if any, which the Depositor on behalf of the Trust may be required
to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (collectively, “Reports”) with respect to each Trust. The names of such Reports and the dates on which they are required to be filed with the Commission
are as follows: 
  
 (i) Form 8-K or 10-D, in
substantially the form previously provided by the Depositor to the Trustee, within the time requirement prescribed by the Exchange Act, each of which will contain a copy of a distribution report of the Trustee; 
  
 (ii) Form 10-K, within the time requirement prescribed by
the Exchange Act, containing an Independent public accountants’ report, any related periodic attestation reports and the certification of the Depositor, as further described in clause (b) below, required by Regulation AB; and 
  
 (iii) such other Reports as the Depositor requests the
Trustee to prepare and file from time to time as may be required pursuant to Section 13 or 15(d) of the Exchange Act; 
  
 (2) receive from the Depositor, within 15 days after the Depositor is required to file the same with the Commission, such additional
information, documents and reports with respect to compliance by the Depositor with the conditions and covenants of these Standard Terms, if any, as may be required to be filed with the Commission from time to time by such rules and regulations; and

  
 (3) receive from the Depositor and transmit
by mail to all Certificateholders described in TIA Section 313(c), in the manner and to the extent provided therein, such 

  

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summaries of any information, documents and reports required to be filed by the Depositor and received pursuant to clauses (i) and (ii) of this Section
6.1(a), if any, as may be required by rules and regulations prescribed from time to time by the Commission. 
  
 (b) The Depositor shall deliver to the Trustee, not less often than annually, an Officer’s Certificate signed by an Authorized Officer who is the
President or a Vice President of the Depositor, dated as of the date set forth in the Series Supplement for such year, which form and substance complies with the rules and regulations of the Commission, including but not limited to Regulation AB.

  
 (c) The Trustee shall deliver to the Depositor, not less often
than annually, an Officer’s Certificate signed by a Responsible Officer of the Trustee, dated as of the date set forth in the Series Supplement for such year, which form and substance complies with the rules and regulations of the Commission,
including but not limited to Regulation AB. 
  
 (d) If and only if
the Series Supplement provides for the pledge of the Deposited Assets to the Trustee (and not merely the transfer, assignment, conveyance and sale, without recourse, thereof to the Trustee), on the Closing Date, the Depositor shall furnish to the
Trustee an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording and filing of these Standard Terms, any agreements supplemental hereto and any other requisite documents, and
with respect to the filing of any financing statements and continuation statements as are necessary to perfect and make effective the lien and security interest of these Standard Terms and reciting the details of such action, or stating that, in the
opinion of such counsel, no such action is necessary to make such lien and security interest effective. 
  
 (e) If and only if the Series Supplement provides for the pledge of the Underlying Securities to the Trustee (and not merely the transfer, assignment,
conveyance and sale, without recourse, thereof to the Trustee), at least annually after the Closing Date, the Depositor shall furnish to the Trustee an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been
taken with respect to the recording, filing, re-recording and refiling of these Standard Terms, any agreements supplemental hereto and any other requisite documents and with respect to the filing of any financing statements and continuation
statements as is necessary to maintain the lien and security interest created by these Standard Terms and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain the lien and
security interest created by these Standard Terms. Such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of these Standard Terms, any agreements supplemental hereto and any other requisite documents and the
filing of any financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the lien and security interest of these Standard Terms until such date in the following calendar year. 
  
 (f) If and only if the Series Supplement provides for the pledge of the
Underlying Securities to the Trustee (and not merely the transfer, assignment, conveyance and sale, without recourse, thereof to the Trustee), 
  

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 (i) whenever any property or securities are to be released from the lien of these
Standard Terms, the Depositor shall furnish to the Trustee an Officer’s Certificate of the Depositor certifying or stating the opinion of each Person signing such certificate as to the fair value (within 90 days of such release) of the property
or securities proposed to be released and stating that in the opinion of such person the proposed release will not impair the security under these Standard Terms in contravention of the provisions hereof. 
  
 (ii) whenever the Depositor is required to furnish to the
Trustee an Officer’s Certificate of the Depositor certifying or stating the opinion of any signatory thereof as to the matters described in clause (i) above, the Depositor shall also furnish to the Trustee an Independent Certificate as to the
same matters if the fair value of the property or securities and of all other property or securities released from the lien of these Standard Terms since the commencement of the then current calendar year, as set forth in the certificates required
by clause (i) above and this clause (ii), equals 10% or more of the principal amount of the Outstanding Certificates, but such certificate need not be furnished in the case of any release of property or securities if the fair value thereof as set
forth in the related Officer’s Certificate of the Depositor is less than $25,000 or less than one percent of the then principal amount of the Outstanding Certificates. 
  
 (iii) prior to the deposit with the Trustee of any securities that are to be made the basis for the
authentication and delivery of Certificates, the withdrawal of cash constituting a part of the trust estate or the release of any property or securities subject to the lien of these Standard Terms, the Depositor shall furnish to the Trustee an
Officer’s Certificate of the Depositor certifying or stating the opinion of each person signing such certificate as to the fair value (within 90 days of such deposit) to the Depositor of the securities to be so deposited. 
  
 (iv) whenever the Depositor is required to furnish to the
Trustee an Officer’s Certificate of the Depositor described in clause (iii) above, the Depositor shall also deliver to the Trustee an Independent Certificate as to the same matters, if the fair value to the Depositor of the securities to be so
deposited and of all other such securities made the basis of any such withdrawal or release since the commencement of the then current fiscal year of the Depositor, as set forth in the certificates delivered pursuant to clause (iii) above and this
clause (iv), is 10% or more of the principal amount of the Outstanding Certificates, but such a certificate need not be furnished with respect to any securities so deposited, if the fair value thereof to the Depositor as set forth in the related
Officer’s Certificate of the Depositor is less than $25,000 or less than one percent of the principal amount of the Outstanding Certificates. 
  
 (v) subject to the payment of its fees and expenses hereunder, the Trustee may, and when required by the provisions of these Standard
Terms, shall, execute instruments to release property from the lien of these Standard Terms, or convey the Trustee’s interest in the same, in a manner and under circumstances that are consistent with the provisions of these Standard Terms. No
party relying upon an instrument executed by the Trustee in connection therewith shall be bound to ascertain the Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys. 

 

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 (vi) the Trustee shall at such time as there are no Outstanding Certificates and all sums
due to the Trustee hereunder have been paid, release any remaining portion of the trust estate that secured the Certificates from the lien of these Standard Terms and release to the Depositor or any other Person entitled thereto any funds then
included in the trust estate. 
  
 (g) Upon any application or
request by the Depositor to the Trustee to take any action under the provisions of these Standard Terms, which action is subject to the satisfaction of a condition precedent (including any covenants compliance with which constitutes a condition
precedent), the Depositor shall furnish to the Trustee: (i) an Officer’s Certificate stating that all conditions precedent, if any, provided for in these Standard Terms relating to the proposed action have been complied with, (ii) an Opinion of
Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with and (iii) (if required by the TIA) an Independent Certificate from a firm of certified public accountants meeting the applicable
requirements of the TIA, except that, in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of these Standard Terms, no additional certificate or opinion need be
furnished. Every certificate or opinion with respect to compliance with a condition or covenant provided for in these Standard Terms shall include: 
  
 (i) a statement that such signatory of such certificate or opinion has read or has caused to be read such covenant or condition and the
definitions herein relating thereto; 
  
 (ii) a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
  
 (iii) a statement that, in the judgment of each such signatory, such signatory has made such examination or
investigations as is necessary to enable such signatory to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
  
 (iv) a statement as to whether, in the opinion of each such signatory, such condition or covenant has been
complied with. 
  
 Section 6.2. Merger or Consolidation of the
Depositor or the Administrative Agent. (a) Subject to the following paragraph, the Depositor will keep in full effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its formation, and the
Administrative Agent, if any, will keep in full effect its existence, rights and franchises under the laws of the jurisdiction of its incorporation or association. The Depositor and the Administrative Agent, if any, each will obtain and preserve its
qualification to do business as a foreign corporation or association in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of these Standard Terms, the Certificates or any of the
Underlying Securities and to perform its respective duties under these Standard Terms. 
  

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 (b) The Depositor and an Administrative Agent, if any, may consolidate or merge with or into any other
Person, provided that: 
  
 (i) the Person
(if other than the Depositor or Administrative Agent, as applicable) formed by or surviving such consolidation or merger shall expressly assume, by an agreement supplemental hereto executed and delivered to the Trustee, in form satisfactory to the
Trustee, the performance or observance of every agreement and covenant of these Standard Terms on the part of the Depositor or Administrative Agent, as applicable, to be performed or observed, all as provided herein and in the applicable Series
Supplement or Supplements; 
  
 (ii) immediately
after giving effect to such transaction, no Administrative Agent Termination Event or event which with the passage of time or notice or both would become an Administrative Agent Termination Event shall have occurred and be continuing; 
  
 (iii) the Rating Agency Condition shall have been satisfied
with respect to such transaction; and 
  
 (iv)
the Depositor or Administrative Agent, as applicable, shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation or merger and such supplemental agreement comply with this Article
VI and that all conditions precedent herein provided for relating to such transaction have been complied with. 
  
 Section 6.3. Limitation on Liability of the Depositor and the Administrative Agent; Indemnification. (a) Unless otherwise expressly specified in
these Standard Terms or a Series Supplement, neither the Administrative Agent, if any, nor the Depositor shall be under any obligation to expend or risk its own funds or otherwise incur financial liability in the performance of its duties hereunder
or under a Series Supplement or in the exercise of any of its rights or powers if reasonable grounds exist for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.

  
 (b) Neither the Depositor, an Administrative Agent, if any,
nor any of the directors, officers, employees or agents of the Depositor or such Administrative Agent shall be under any liability to any Trust or the Certificateholders of any Series for any action taken, or for refraining from the taking of any
action, in good faith pursuant to these Standard Terms, or for errors in judgment; provided, however, that this provision shall not protect the Depositor, any such Administrative Agent or any such person against any breach of
warranties, representations or covenants made herein, or against any specific liability imposed on such Administrative Agent or the Depositor pursuant hereto, or against any liability which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. 
  
 (c) Unless otherwise specified in the related Series Supplement, the Depositor and the Administrative Agent, if any, and any director, officer, employee
or agent of the Depositor and such Administrative Agent or any of their successors, shall be entitled to 

  

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indemnification by the related Trust and will be held harmless against any loss, liability or expense (including attorney’s fees) incurred by it in
connection with the administration of this trust and the performance of its duties hereunder. The Trust need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Depositor or the Administrative Agent, as
applicable, through the Depositor’s or such Administrative Agent’s own willful misfeasance, bad faith or gross negligence. 
  
 (d) Neither the Depositor nor an Administrative Agent, if any, shall be under any obligation to appear in, prosecute or defend any legal action unless
such action is related to its respective duties under these Standard Terms and, in its opinion, does not involve it in any expense or liability; provided, however, that either of the Depositor or such Administrative Agent may in its
discretion undertake any such action which it may deem necessary or desirable with respect to these Standard Terms and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. The legal expenses and costs of
such action and any liability resulting (except any loss, liability or expense incurred by reason of willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties
hereunder) shall be allocated as specified in the applicable Series Supplement. 
  
 Section 6.4. Limitation on Resignation of the Administrative Agent. An Administrative Agent appointed pursuant to the applicable Series Supplement shall not resign from the obligations and duties hereby imposed
on it except (a) upon appointment by the Trustee of a successor administrative agent and receipt by the Trustee of a letter from the Rating Agencies that such a resignation and appointment will satisfy the Rating Agency Condition or (b) upon a
determination that its duties hereunder are no longer permissible under applicable law. 
  
 Any such determination pursuant to clause (b) of the preceding sentence permitting the resignation of the Administrative Agent shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee and
the Depositor. No resignation of an Administrative Agent shall become effective until the Trustee or a successor administrative agent shall have assumed the Administrative Agent’s responsibilities, duties, liabilities (other than those
liabilities arising prior to the appointment of such successor) and obligations under these Standard Terms. 
  
 Section 6.5. Rights of the Depositor in Respect of the Administrative Agent. An Administrative Agent appointed pursuant to the applicable Series
Supplement shall afford the Depositor and the Trustee, upon reasonable notice, during normal business hours, access to all records maintained by the Administrative Agent in respect of its rights and obligations hereunder and access to officers of
the Administrative Agent responsible for such obligations. Upon request, the Administrative Agent shall furnish to the Depositor and the Trustee the Administrative Agent’s most recent financial statements and such other information relating to
its capacity to perform its obligations under these Standard Terms as the Administrative Agent possesses. To the extent such information is not otherwise available to the public, the Depositor and the Trustee shall not disseminate any information
obtained pursuant to the preceding two sentences without the Administrative Agent’s written consent, except as required pursuant to these Standard Terms to the extent that it is appropriate to do so (i) in working with legal counsel, auditors,
taxing authorities or other governmental agencies or (ii) pursuant to any law, 

  

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rule, regulation, order, judgment, writ, injunction or decree of any court or governmental authority having jurisdiction over the Depositor, the Trustee or
the Trust. The Depositor may, but is not obligated to, enforce the obligations of the Administrative Agent under these Standard Terms and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the
Administrative Agent under these Standard Terms or exercise the rights of the Administrative Agent under these Standard Terms; provided, however, that the Administrative Agent shall not be relieved of any of its obligations under these
Standard Terms by virtue of such performance by the Depositor or its designee. The Depositor shall not have any responsibility or liability for any action or failure to act by the Administrative Agent and is not obligated to supervise the
performance of the Administrative Agent under these Standard Terms or otherwise. 
  
 Section 6.6. Depositor May Purchase Certificates. The Depositor may at any time purchase Certificates in the open market or otherwise. Certificates so purchased by the Depositor may, at the discretion of the
Depositor, be held or resold. Certificates beneficially owned by the Depositor will be disregarded for purposes of determining whether the required percentage of the aggregate Voting Rights has given any request, demand, authorization, direction,
notice, consent or waiver hereunder. 
  
 Section 6.7. The
Administrative Agent and Other Parties. The Person serving as an Administrative Agent, if any, appointed pursuant to the applicable Series Supplement may be the Depositor, the Trustee or an Affiliate of either thereof, and may have normal
business relationships with the Depositor, the Trustee or any Affiliates thereof. 
  
 Section 6.8. Preferential Collection of Claims Against Depositor. The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A trustee who has resigned
or been removed shall be subject to TIA Section 311(a) to the extent required by TIA Section 311(a). 
  
 ARTICLE VII 
  
 ADMINISTRATIVE AGENT TERMINATION EVENTS 
  
 Section 7.1. Administrative Agent Termination Events. (a) ”Administrative Agent Termination Event,” wherever used herein with respect to any Series of Certificates, means any one of the following events: 

 
 (i) a failure by any Administrative Agent specified in
the applicable Series Supplement to remit to the Trustee, pursuant to the terms of these Standard Terms, any funds in respect of collections on Deposited Assets, Credit Support, if any, and Advances, if any, collected by the Administrative Agent
pursuant to the terms of these Standard Terms that continues unremedied for a period of five days after the date upon which written notice of such failure, requiring the same to be remedied, shall have been given to the Administrative Agent by the
Depositor or the Trustee (in which case notice shall be provided by telecopy), or to the Administrative Agent, the Depositor and the Trustee by the Certificateholders of such Series representing at least 25% of the aggregate Voting Rights; or

  

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 (ii) a failure on the part of any Administrative Agent specified in the applicable Series
Supplement duly to observe or perform in any material respect any other of the covenants or agreements on the part of the Administrative Agent contained in the Certificates of such Series or in the Trust Agreement which continues unremedied for a
period of 30 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Administrative Agent by the Depositor or the Trustee, or to the Administrative Agent, the Depositor and the
Trustee by the Certificateholders of such Series representing at least 25% of the aggregate Voting Rights; or 
  
 (iii) a decree or order of a court or agency or supervisory authority having jurisdiction in an involuntary case under any present or
future federal or state bankruptcy, insolvency or similar law or the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceeding, or for the winding up
or liquidation of its affairs, shall have been entered against the Administrative Agent, if any, specified in the applicable Series Supplement and such decree or order shall have remained in force undischarged or unstayed for a period of 30 days; or

  
 (iv) any Administrative Agent specified in
the applicable Series Supplement shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Administrative
Agent or of or relating to all or substantially all its property; or 
  
 (v) any Administrative Agent specified in the applicable Series Supplement shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable
insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; or 
  
 (vi) if so specified in the related Series Supplement, any failure of the Administrative Agent, if any, specified in the applicable Series
Supplement to make any Advances required to be made from its own funds pursuant to Section 4.3 which continues unremedied until twelve o’clock noon New York City time on the Business Day immediately following the day on which such Advance was
required to have been made; or 
  
 (vii) any
additional Administrative Agent Termination Event that may be specified with respect to such Series in the related Series Supplement. 
  
 Each Series Supplement shall specify as to each of the foregoing clauses requiring a vote of Certificateholders of different Classes the circumstances and
manner in which the aggregate Voting Rights applicable to each such clause shall be calculated. 
  
 (b) Unless otherwise provided in the applicable Series Supplement and provided an Administrative Agent shall have been appointed pursuant to the
applicable Series 
  

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Supplement, so long as an Administrative Agent Termination Event with respect to the related Series of Certificates shall have occurred and be continuing,
the Depositor or the Trustee may, and at the written direction of the Certificateholders evidencing not less than the “Required Percentage—Administrative Agent Termination” of the aggregate Voting Rights, the Trustee shall, by notice
in writing to such Administrative Agent (and to the Depositor if given by the Trustee or to the Trustee if given by the Depositor) terminate all the rights and obligations of the Administrative Agent specified in the applicable Series Supplement in
its capacity as Administrative Agent with respect to such Series under these Standard Terms, to the extent permitted by law, and in and to the Deposited Assets relating to such Series (other than any Retained Interest of the Administrative Agent, if
any) and the proceeds thereof. On or after the receipt by such Administrative Agent of such written notice, all authority and power of the Administrative Agent under these Standard Terms relating to such Series, whether with respect to the
Certificates (other than as a Certificateholder) of such Series or the Deposited Assets relating to such Series or otherwise, shall pass to and be vested in the Trustee pursuant to and under this Section 7.1(b), and without limitation, the Trustee
is hereby authorized and empowered, as attorney-in-fact or otherwise, to execute and deliver, on behalf of and at the expense of the Administrative Agent, any and all documents and other instruments and to do or accomplish all other acts or things
necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of such Deposited Assets and related documents, or otherwise. The Administrative Agent, if any, specified
in the applicable Series Supplement agrees promptly (and in any event not later than ten Business Days subsequent to such notice) to provide the Trustee with all documents and records requested by it to enable it to assume the functions of the
Administrative Agent under these Standard Terms relating to such Series, and to cooperate with the Trustee in effecting the termination of the Administrative Agent’s responsibilities and rights under these Standard Terms relating to such
Series, including the transfer within one Business Day to the Trustee for administration by it of all cash amounts and investments which shall at the time be or should have been credited by the Administrative Agent to the Certificate Account
relating to such Series or thereafter be received with respect to such Underlying Securities; provided, however, that the Administrative Agent shall continue to be entitled to receive all amounts accrued or owing to it under these
Standard Terms on or prior to the date of such termination, whether in respect of Advances or otherwise, and shall continue to be entitled to the benefits of Section 6.3 notwithstanding any such termination. 
  
 Section 7.2. Trustee to Act; Appointment of Successor. On and after
the time an Administrative Agent, if any, specified in the applicable Series Supplement receives a notice of termination pursuant to Section 7.1, the Trustee shall be the successor in all respects to the Administrative Agent in its capacity as
Administrative Agent under these Standard Terms or the applicable Series Supplement and the transactions set forth or provided for herein and shall be subject to all the responsibilities, duties and liabilities relating thereto and arising
thereafter placed on the Administrative Agent (except for any representations or warranties of the Administrative Agent under these Standard Terms and except as otherwise provided herein or in the applicable Series Supplement) by the terms and
provisions hereof including the Administrative Agent’s obligation, if any, to make Advances pursuant to Section 4.3; provided, however, that if the Trustee is prohibited by law or regulation from obligating itself to make
Advances, then the Trustee shall not be obligated to make such Advances pursuant to Section 4.3; and provided further, that any failure to perform such duties or responsibilities 

  

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caused by the Administrative Agent’s failure to provide information required by Section 7.1 shall not be considered a default by the Trustee as
successor to the Administrative Agent hereunder. As compensation therefor, the Trustee shall be entitled to the amounts relating to the Underlying Securities of a given Series to which such Administrative Agent would have been entitled if the
Administrative Agent had continued to act hereunder. Notwithstanding the above, the Trustee may, if it shall be unwilling to so act, or shall, if it is unable to so act or if the Certificateholders of such Series evidencing not less than the
Required Percentage—Administrative Agent Termination of the aggregate Voting Rights, so request in writing to the Trustee, promptly appoint, or petition a court of competent jurisdiction to appoint, an Administrative Agent acceptable to the
Rating Agencies (such acceptance to be evidenced by satisfaction of the Rating Agency Condition with respect to such appointment) and having a net worth of not less than $15,000,000, as the successor to such Administrative Agent under these Standard
Terms with respect to such Series in the assumption of all or any part of the responsibilities, duties or liabilities of such Administrative Agent under these Standard Terms with respect to such Series. The Trustee, the Depositor and any such
successor Administrative Agent may agree upon the compensation to be paid with respect thereto; provided, however, that in no event shall such compensation be greater than the compensation payable to the Administrative Agent under
these Standard Terms. No appointment of a successor Administrative Agent under these Standard Terms shall be effective until the assumption by the successor Administrative Agent of all the responsibilities, duties and liabilities placed on the
Administrative Agent hereunder and under the related Series Supplement. Pending appointment of a successor Administrative Agent under these Standard Terms, the Trustee shall act in such capacity as and to the extent hereinabove provided. 

 
 Section 7.3. Notification to Certificateholders. (a) Upon any such
termination pursuant to Section 7.2 or appointment of a successor Administrative Agent, the Trustee shall give prompt written notice thereof to Certificateholders of the affected Series in the manner provided in Section 11.5. 
  
 (b) Within 60 days after the occurrence of any Administrative Agent
Termination Event or event which but for the lack of notice or passage of time or both would constitute an Administrative Agent Termination Event with respect to any Series, the Trustee shall transmit by mail to all Certificateholders of such Series
notice of each such Administrative Agent Termination Event or event which but for lack of notice or passage of time or both would constitute an Administrative Agent Termination Event which is known to the Trustee, unless such Administrative Agent
Termination Event or event which but for lack of notice or passage of time or both would constitute an Administrative Agent Termination Event shall have been cured or waived. 
  
 Section 7.4. Waiver of Administrative Agent Termination Events. Unless otherwise provided in the applicable Series
Supplement, the Certificateholders of the related Series evidencing not less than the Required Percentage—Waiver of the aggregate Voting Rights may, on behalf of all Certificateholders of such Series, (i) if so provided in the applicable Series
Supplement, waive compliance by the Depositor, the Trustee or the Administrative Agent, if any, with certain restrictive provisions of these Standard Terms as set forth in such Series Supplement prior to the time such compliance is required and (ii)
waive any Administrative Agent Termination Event or event which but for lack of notice or passage of time or both would constitute an Administrative Agent Termination Event with respect to such Series; provided, however, that an
Administrative Agent Termination Event or event which but for lack of notice or passage of time or both would 

  

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constitute an Administrative Agent Termination Event with respect to such Series regarding the failure to distribute, in accordance with the terms of these
Standard Terms, amounts received with respect to any Underlying Security or any such event with respect to such Series in respect of a covenant or provision of these Standard Terms the modification or amendment of which would require the consent of
the holders of all outstanding Certificates of such Series, may be waived only by all the Certificateholders of such Series. Upon any such waiver of an Administrative Agent Termination Event or event which but for lack of notice or passage of time
or both would constitute an Administrative Agent Termination Event with respect to such Series, such Administrative Agent Termination Event or event which but for lack of notice or passage of time or both would constitute an Administrative Agent
Termination Event shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other Administrative Agent Termination Event or event which but for lack of notice or
passage of time or both would constitute an Administrative Agent Termination Event or impair any right consequent thereon except to the extent expressly so waived. 
  
 ARTICLE VIII 
  
 CONCERNING THE TRUSTEE 
  
 Section 8.1. Duties of Trustee; Notice of Defaults. (a) The Trustee, prior to the occurrence of an Administrative Agent Termination Event or Event
of Default with respect to any Series and after the curing of all such Administrative Agent Termination Events or Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in
these Standard Terms and the related Series Supplement. During the period an Administrative Agent Termination Event or Event of Default with respect to any Series shall have occurred and be continuing, the Trustee shall exercise such of the rights
and powers vested in it by these Standard Terms, and shall use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of such person’s own affairs. Any permissive right
of the Trustee enumerated in these Standard Terms shall not be construed as a duty. 
  
 (b) The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee which are specifically required to be furnished pursuant
to any provision of these Standard Terms, shall examine them to determine whether they conform to the requirements of these Standard Terms. If any such instrument is found not to conform to the requirements of these Standard Terms, the Trustee shall
take action as it deems appropriate to have the instrument corrected, and if the instrument is not corrected to the Trustee’s satisfaction, the Trustee will provide notice thereof to the Depositor, Administrative Agent, if any, and
Certificateholders. 
  

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 (c) No provision of these Standard Terms shall be construed to relieve the Trustee from liability for its
own negligent action, its own negligent failure to act or its own misconduct; provided, however, that: 
  
 (i) prior to the occurrence of an Administrative Agent Termination Event or Event of Default with respect to any Series, and after the
curing of all such Administrative Agent Termination Events or Events of Default which may have occurred, the duties and obligations of the Trustee shall be determined solely by the express provisions of these Standard Terms, the Trustee shall not be
liable except for the performance of such duties and obligations as are specifically set forth in these Standard Terms, no implied covenants or obligations shall be read into these Standard Terms against the Trustee and, in the absence of bad faith
on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee that conform to the requirements of
these Standard Terms; 
  
 (ii) the Trustee shall
not be personally liable for an error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 
  
 (iii) the Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of holders of Certificates evidencing not less than the Required Percentage—Direction of Trustee of the aggregate Voting Rights of
a given Series (or Class or group of Classes within such Series) relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under these
Standard Terms; 
  
 (iv) the Trustee shall not be
required to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if there is reasonable ground for believing that the repayment of
such funds or adequate indemnity against such risk or liability is not reasonably assured to it, and none of the provisions contained in these Standard Terms shall in any event require the Trustee to perform, or be responsible for the manner of
performance of, any obligations of an Administrative Agent, if any, appointed pursuant to the applicable Series Supplement, under these Standard Terms except during such time, if any, as the Trustee shall be the successor to, and be vested with the
rights, duties, powers and privileges of, such an Administrative Agent in accordance with and only to the extent provided in these Standard Terms; 
  
 (v) except for actions expressly authorized by these Standard Terms, the Trustee shall take no actions reasonably likely to impair the
interests of the Trust in any Underlying Security now existing or hereafter acquired or to impair the value of any Underlying Security now existing or hereafter acquired; 
  
 (vi) except as expressly provided in these Standard Terms, the Trustee shall not engage in any activity
other than those required or authorized by the terms of these Standard Terms. In particular, after the Closing Date the Trustee shall not purchase or otherwise acquire any additional securities, modify or permit the modification of any Trust Asset
or otherwise vary the investment of the Certificateholders or incur or modify any obligations, (i) except as expressly required or permitted by the terms of these 

  

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Standard Terms or (ii) unless the Trustee obtains, at the expense of the Certificateholders, an Opinion of Counsel to the effect that such acquisition,
incurrence or modification will not cause the Trust (unless otherwise indicated in a related Series Supplement) to be taxable as a corporation for federal income tax purposes; and 
  
 (vii) in the event that the Paying Agent or the Certificate Registrar shall fail to perform any obligation,
duty or agreement in the manner or on the day required to be performed by the Paying Agent or Certificate Registrar, as the case may be, under these Standard Terms, the Trustee shall be obligated promptly upon its knowledge thereof to perform such
obligation, duty or agreement in the manner so required. 
  
 (d)
The Trustee shall have the legal power to exercise all of the rights, powers and privileges of holders of the Underlying Securities in which the Certificates evidence an interest. However, neither the Trustee (except as specifically provided herein
or in the TIA) nor the Depositor shall be under any obligation whatsoever to appear in, prosecute or defend any action, suit or other proceeding in respect of Underlying Securities or Certificates. 
  
 (e) Neither the Trustee nor the Depositor shall have any obligation on or
with respect to the Underlying Securities, except as provided in this Article VIII with respect to the Trustee; and their respective obligations with respect to Certificates shall be solely as set forth in these Standard Terms. 
  
 (f) If there is an event of default (as defined in the indenture or other
document pursuant to which the Underlying Securities were issued) with respect to any Underlying Security and such default is known to the Trustee, the Trustee shall promptly give notice to the Rating Agencies, the Depositary and, if the
Certificates are Definitive Certificates, directly to Certificateholders thereof as provided in Section 11.5 hereof (and in the manner and to the extent provided in TIA Section 313(c)) within 10 days after such event of default occurs. Such notice
shall set forth (i) the identity of the Underlying Securities, (ii) the date and nature of such default, (iii) the face amount of the obligation to which such default relates, (iv) the identifying numbers of the Series and Class of Certificates, or
any combination, as the case may be, evidencing the obligations (or portions thereof) described above in clause (iii), and (v) any other information which the Trustee may deem appropriate. 
  
 (g) Certificateholders shall have no recourse against the Depositor or the
Trustee for payment defaults on the Underlying Securities. 
  
 Section 8.2. Certain Matters Affecting the Trustee. (a) Except as otherwise provided in Section 8.1: 
  
 (i) the Trustee may request and rely upon and shall be protected in acting or refraining from acting upon any resolution, Officer’s
Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document reasonably believed by it to be genuine and to have been signed or
presented by the proper party or parties; 
  
 (ii) the Trustee may consult with counsel and any written advice or Opinion of Counsel shall be full and complete authorization and protection in respect of any action 

  

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taken or suffered or omitted by it hereunder in good faith and in accordance with such written advice or Opinion of Counsel; 
  
 (iii) the Trustee shall be under no obligation to exercise
any of the trusts or powers vested in it by these Standard Terms or to institute, conduct or defend any litigation hereunder or in relation hereto, at the request, order or direction of any of the Certificateholders, pursuant to the provisions of
these Standard Terms, unless such Certificateholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby; provided, however, that
nothing contained herein shall relieve the Trustee of the obligations, upon the occurrence of an Administrative Agent Termination Event or Event of Default (which has not been cured or waived), to exercise such of the rights and powers vested in it
by these Standard Terms, and to use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of such person’s own affairs; 
  
 (iv) the Trustee shall not be personally liable for any
action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by these Standard Terms; 
  
 (v) prior to the occurrence of an Administrative Agent Termination Event hereunder and after the curing of
all Administrative Agent Termination Events which may have occurred, the Trustee shall not be bound to make any investigation into the facts of matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request,
consent, order, appraisal, approval, bond or other paper or document believed by it to be genuine, unless requested in writing to do so by holders of Certificates evidencing not less than the Required Percentage-Direction of Trustee of the aggregate
Voting Rights of the affected Series (or Class or Classes within any such Series), as specified by the applicable Series Supplement; provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses
or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of these Standard Terms, the Trustee may require
reasonable indemnity against such expense or liability as a condition to taking any such action; 
  
 (vi) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents
or attorneys or a custodian and shall not be liable for such persons’ actions if it has selected such persons with reasonable care; and 
  
 (vii) the Trustee shall not be personally liable for any loss resulting from the investment of funds held in any Certificate Account or
Reserve Account at the direction of an Administrative Agent or the Depositor pursuant to Section 3.10. 
  
 (b) All rights of action under these Standard Terms or under any of the Certificates, enforceable by the Trustee, may be enforced by it without the
possession of any of the Certificates of any Series (or Class within such Series), or the production thereof at the trial 

  

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or other Proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee shall be brought in its name for the benefit of such
Certificateholders, subject to the provisions of these Standard Terms. 
  
 Section 8.3. Trustee Not Liable for Recitals in Certificates or Underlying Securities. The Trustee assumes no responsibility for the correctness of the recitals contained herein and in the Certificates or in any document issued in
connection with the sale of the Certificates (other than the signature and authentication on the Certificates). Except as set forth in Section 8.12, the Trustee makes no representations or warranties as to the validity or sufficiency of these
Standard Terms or of the Certificates of any Series (other than the signature and authentication on the Certificates) or of any Underlying Security or related document. The Trustee shall not be accountable for the use or application by the Depositor
or the Administrative Agent, if any, of any of the Certificates or of the proceeds of such Certificates. 
  
 Section 8.4. Trustee May Own Certificates. The Trustee in its individual capacity or any other capacity may become the owner or pledgee of
Certificates with the same rights it would have if it were not Trustee. 
  
 Section 8.5. Trustee’s Fees and Expenses; Indemnification; Undertaking for Costs. (a) The Trustee shall be entitled to receive from the Depositor or an affiliate of the Depositor as compensation for the Trustee’s services
hereunder, trustee’s fees pursuant to a separate agreement between the Trustee and the Depositor, and shall be reimbursed for all reasonable expenses, disbursements and advances incurred or made by the Trustee (including the reasonable
compensation, disbursements and expenses of its counsel and other persons not regularly in its employ). The Depositor shall indemnify and hold harmless the Trustee and its successors, assigns, agents and servants against any and all loss, liability
or reasonable expense (including attorney’s fees) incurred by it in connection with the administration of this trust and the performance of its duties thereunder. The Trustee shall notify the Depositor promptly of any claim for which it may
seek indemnity. Failure by the Trustee to so notify the Depositor shall not relieve the Depositor of its obligations hereunder. The Depositor need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee
through the Trustee’s own willful misconduct, negligence or bad faith. The indemnities contained in this Section 8.5(a) shall survive the resignation or termination of the Trustee or the termination of these Standard Terms. 
  
 (b) Failure by the Depositor to pay, reimburse or indemnify the Trustee shall
not entitle the Trustee to any payment, reimbursement or indemnification from the Trust, nor shall such failure release the Trustee from the duties it is required to perform under these Standard Terms. Any unpaid, unreimbursed or unindemnified
amounts shall not be borne by the Trust and shall not constitute a claim against the Trust, but shall be borne by the Trustee in its individual capacity. 
  
 (c) All parties to these Standard Terms agree, and each Certificateholder by such Certificateholder’s acceptance thereof shall be deemed to have
agreed, that any court may in its discretion require, in any Proceeding for the enforcement of any right or remedy under these Standard Terms, or in any Proceeding against the Trustee for any action taken, suffered or omitted by it as Trustee, the
filing by any party litigant in such Proceeding of an undertaking to 

  

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pay the costs of such Proceeding and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any
party litigant in such Proceeding, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 8.5(c) shall not apply to: 
  
 (i) any Proceeding instituted by the Trustee; 
  
 (ii) any Proceeding instituted by any Certificateholder, or
group of Certificateholders, in each case holding in the aggregate Outstanding Certificates representing more than 10% of the Voting Rights; or 
  
 (iii) any Proceeding instituted by any Certificateholder for the enforcement of the payment of principal or interest on or after the
respective due dates expressed in such Certificate and in these Standard Terms (or, in the case of redemption, on or after the redemption date). 
  
 Section 8.6. Eligibility Requirements for Trustee. (a) The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The Trustee
hereunder shall at all times be a corporation which is not an Affiliate of the Depositor (but may have normal banking relationships with the Depositor or any obligor with respect to the Underlying Securities with respect to such Series of
Certificates and their respective Affiliates) organized and doing business under the laws of any State or the United States, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least
$250,000,000 and subject to supervision or examination by federal or state authority. If such corporation or association publishes reports of conditions at least annually, pursuant to law or to the requirements of the aforesaid supervising or
examining authority, then for the purposes of this Section the combined capital and surplus of such corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of conditions so published.
Such corporation or association (or its parent) must have a rating not lower than Baa1 by Moody’s Investors Service and a rating of BBB+ by Standard & Poor’s. 
  
 (b) The Trustee shall comply with Section 310(b); provided, however, that there shall be excluded from the
operation of TIA Section 310(b)(1), any Series Supplement under which other securities are outstanding evidencing ownership interest in obligations of the Underlying Securities Issuer if the requirements for such exclusion set forth in TIA Section
310(b)(1) are met. 
  
 Section 8.7. Resignation or Removal of
the Trustee. (a) The Trustee may, with respect to any Series of Certificates, at any time resign and be discharged from any trust hereby created by giving written notice thereof to the Depositor, the Administrative Agent, if any, the Rating
Agencies and to all Certificateholders of such Series. Upon receiving such notice of resignation, the Depositor shall promptly appoint a successor trustee for such Series by written instrument, in duplicate, which instrument shall be delivered to
the resigning Trustee and to the successor trustee. A copy of such instrument shall be delivered to such Certificateholders and the Administrative Agent, if any, by the Depositor. If no such successor trustee shall have been so appointed and have
accepted appointment within 30 days after the giving of such notice of 

  

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resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee for such Series. 

 
 (b) If at any time the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.6 and shall fail to resign after written request therefor by the Depositor, or if at any time the Trustee shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or
of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor may remove the Trustee and appoint
a successor trustee by written instrument, in duplicate, which instrument shall be delivered to the Trustee so removed and to the successor trustee. A copy of such instrument shall be delivered to the Certificateholders and the Administrative Agent,
if any, by the Depositor. 
  
 (c) The Certificateholders of any
Series representing the Required Percentage-Removal of Trustee of the aggregate Voting Rights may at any time remove the Trustee and appoint a successor trustee by written instrument or instruments, in triplicate, signed by such Certificateholders
or their attorneys-in-fact and duly authorized, one complete set of which instruments shall be delivered to the Depositor, one complete set to the Trustee so removed and one complete set to the successor trustee so appointed. A copy of such
instrument shall be delivered to the Certificateholders and the Administrative Agent, if any, by the Depositor. 
  
 (d) Any resignation or removal of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section shall not become
effective until acceptance of appointment by the successor trustee as provided in Section 8.8. 
  
 Section 8.8. Successor Trustee. (a) Any successor trustee appointed as provided in Section 8.7 shall execute, acknowledge and deliver to the Depositor and to its predecessor trustee an instrument accepting such
appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties
and obligations of its predecessor hereunder (either with respect to a given Series of Certificates or with respect to all Certificates issued under these Standard Terms), with the like effect as if originally named as trustee herein. The
predecessor trustee shall deliver to the successor trustee all documents and statements held by it hereunder, and the Depositor and the predecessor trustee shall execute and deliver such instruments and do such other things as may reasonably be
required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance
such successor trustee shall be eligible under the provisions of Section 8.6. 
  
 (b) Upon acceptance of appointment by a successor trustee as provided in this Section, the Depositor shall transmit notice of the succession of such trustee hereunder to all Certificateholders and to the Rating
Agencies in the manner provided in Section 11.5. 
  
 Section 8.9.
Merger or Consolidation of Trustee. Any corporation or association into which the Trustee may be merged or converted or with which it may be 

  

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consolidated or any corporation or association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any
corporation or association succeeding to the business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation or association shall be eligible under the provisions of Section 8.6, without the execution or filing of
any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. 
  
 Section 8.10. Appointment of Co-Trustee or Separate Trustee. (a) Notwithstanding any other provisions hereof, at any time, for the purpose of
meeting any legal requirements of any jurisdiction in which any part of the Trust for a given Series may at the time be located, the Depositor and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to
appoint one or more Persons approved by the Trustee to act as co-trustee or co-trustees, jointly with the Trustee, or separate trustee or separate trustees, of all or any part of such Trust, and to vest in such Person or Persons, in such capacity,
such title to such Trust, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Depositor and the Trustee may consider necessary or desirable. If the Depositor
shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Administrative Agent Termination Event shall have occurred and be continuing, the Trustee alone shall have the power to make such
appointment. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.6 hereunder and no notice to Certificateholders of the appointment of co-trustee or co-trustees or
separate trustee or trustees shall be required under Section 8.8 hereof. Notwithstanding anything contained herein to the contrary, the appointment of a co-trustee pursuant to this Section 8.10 shall not release the Trustee from the duties,
obligations, responsibilities or liabilities arising under these Standard Terms. 
  
 (b) In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10, all rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon
and exercised or performed by the Trustee and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed by the Trustee (whether as Trustee
hereunder or as successor to an Administrative Agent hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to such Trust or
any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee at the direction of the Trustee. 
  
 (c) Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as
effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to these Standard Terms and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the
trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of these Standard Terms, specifically
including every provision of these Standard Terms relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee. 
  

 75 

 (d) Any separate trustee or co-trustee may, at any time, constitute the Trustee, its agent or
attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of these Standard Terms on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable
of acting, resign or be removed, all its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. 
  
 Section 8.11. Appointment of Office or Agency. As specified in a
Series Supplement, the Trustee shall appoint an office or agency in the City of New York where the Certificates may be surrendered for registration of transfer or exchange, and presented for the final distribution with respect thereto, and where
notices and demands to or upon the Trustee in respect of the Certificates of the related Series and these Standard Terms may be served. 
  
 Section 8.12. Representations and Warranties of Trustee. The Trustee represents and warrants that: 
  
 (i) the Trustee is duly organized, validly existing and in
good standing under the laws of its jurisdiction of incorporation or association; 
  
 (ii) neither the execution nor the delivery by the Trustee of these Standard Terms, nor the consummation by it of the transactions
contemplated hereby nor compliance by it with any of the terms or provisions hereof will violate its charter documents or by-laws. 
  
 (iii) the Trustee has full power, authority and right to execute, deliver and perform its duties and obligations as set forth herein and
in each Series Supplement to which it is a party and has taken all necessary action to authorize the execution, delivery and performance by it of these Standard Terms; and 
  
 (iv) these Standard Terms has been duly executed and delivered by the Trustee and constitutes the legal,
valid and binding obligation of the Trustee, enforceable in accordance with its terms, except as enforcement may be limited by the applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors
generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
  
 Section 8.13. Trustee to Act Only in Accordance With the Trust Agreement or Pursuant to Instructions of Certificateholders. The Trustee shall only
take such action or shall refrain from taking such action under these Standard Terms as directed pursuant to a specific provision of these Standard Terms or, if required hereunder, by all the Certificateholders, and the Trustee shall not otherwise
act in respect of the Trust; provided, however, that the Trustee shall not be required to take any such action if it reasonably determines, or receives, at the expense of the Certificateholders, an Opinion of Counsel (with copies thereof delivered
to the Certificateholders and the Depositor), that such action (i) is inconsistent with the purpose of the Trust set forth in Section 2.7 or contrary to the terms hereof. 
  
 Section 8.14. Accounting and Reports to Certificateholders, Internal Revenue Service and Others. The Trustee shall
(a) maintain the books of the Trust on a calendar year 

  

 76 

 
basis on the accrual method of accounting, (b) after the close of each calendar year, deliver to each Certificateholder, as may be required by the Code and
applicable Treasury Regulations or otherwise, such information for such year as may be required to enable each Certificateholder to prepare its federal income tax returns, (c) as specifically directed in writing by the Depositor, file such tax
returns relating to the Trust and make such elections as may from time to time be required or appropriate under any applicable state or federal statute or rule or regulation thereunder so as to maintain the Trust’s characterization as other
than an association or publicly traded partnership taxable as a corporation for federal income tax purposes, (d) cause such tax returns to be signed in the manner required by law and (e) collect or cause to be collected any withholding tax as
described in and in accordance with Subsection 4.4 with respect to income or distributions to Certificateholders. 
  
 Section 8.15. Signature on Returns. Except as required by law, the Trustee shall sign on behalf of the Trust any and all tax returns of the Trust
presented to it by the Depositor in final execution form. 
  
 ARTICLE IX 
  
 SECURITIES INTERMEDIARY

  
 Section 9.1. Resignation or Removal of the Securities
Intermediary; Appointment of Successor Securities Intermediary. (a) The Securities Intermediary may at any time resign as Securities Intermediary hereunder by written notice of its election so to do, delivered to the Trustee and the Depositor,
and such resignation shall take effect upon the appointment of a successor Securities Intermediary and its acceptance of such appointment as hereinafter provided; provided, however, that in the event of such resignation, the Securities
Intermediary shall (i) assist the Trustee and the Depositor in finding a successor Securities Intermediary acceptable to the Trustee and the Depositor and (ii) negotiate in good faith concerning any prepaid but unaccrued fees. 
  
 (b) The Trustee, the Depositor or the Certificateholders evidencing not less
than the Required Percentage-Removal of Securities Intermediary may at any time remove the Securities Intermediary as Securities Intermediary hereunder by written notice delivered to the Securities Intermediary in the manner provided in Section 11.5
hereof, and such removal shall take effect upon the appointment of the successor Securities Intermediary and its acceptance of such appointment as provided in paragraph (e) of this Section 9.1; provided, however, that in the event of
such removal, the Depositor shall negotiate in good faith with the Securities Intermediary in order to agree regarding payment of the termination costs of the Securities Intermediary resulting from such removal. 
  
 (c) Upon the designation and acceptance thereof of a successor Securities
Intermediary, following either resignation or removal of the Securities Intermediary, the Securities Intermediary shall deliver to the successor Securities Intermediary all records relating to the Certificates in the form and manner then maintained
by the Securities Intermediary, which shall include a hard copy thereof upon written request of the successor Securities Intermediary. 
  

 77 

 (d) If at any time the Securities Intermediary shall become incapable of acting or shall be adjudged a
bankrupt or insolvent, or a receiver of the Securities Intermediary or of its property shall be appointed, or any public officer shall take charge or control of the Securities Intermediary or of its property of affairs for the purpose of
rehabilitation, conservation or liquidation, the Depositor shall petition any court of competent jurisdiction for the removal of the Securities Intermediary and the appointment of a successor Securities Intermediary. In the event the Securities
Intermediary resigns or is removed, the Securities Intermediary shall reimburse the Depositor for any fees or charges previously paid to the Securities Intermediary in respect of duties not yet performed under the Trust Agreement which remain to be
performed by a successor Securities Intermediary. 
  
 (e) In case
at any time the Securities Intermediary acting hereunder notifies the Trustee or the Depositor that it elects to resign or the Trustee, the Depositor or Certificateholders representing not less than the Required Percentage-Removal of Securities
Intermediary notifies or notify the Securities Intermediary that it or they elects or elect to remove the Securities Intermediary as Securities Intermediary, the Depositor shall, within sixty (60) days after the delivery of the notice of resignation
or removal, appoint a successor Securities Intermediary, which shall satisfy the requirements set forth in Section 2.8. If no successor Securities Intermediary has been appointed within sixty (60) days after the Securities Intermediary has given
written notice of its election to resign or the Trustee, the Depositor or Certificateholders representing not less than the Required Percentage-Removal of Securities Intermediary have given written notice to the Securities Intermediary of its or
their election to remove the Securities Intermediary, as the case may be, the Securities Intermediary may petition any court of competent jurisdiction for the appointment of a successor Securities Intermediary. Every successor Securities
Intermediary shall execute and deliver to its predecessor, to the Trustee and to the Depositor an instrument in writing accepting its appointment hereunder, and thereupon such successor Securities Intermediary, without any further act or deed, shall
become fully vested with all the rights, powers, duties and obligations of its predecessor and for all purposes shall be the Securities Intermediary under this Trust Agreement, and such predecessor, upon payment of all sums due it and on the written
request of the Trustee and the Depositor, shall execute and deliver an instrument transferring to such successor all rights, obligations and powers of such predecessor hereunder, and shall duly assign, transfer and deliver all right, title and
interest in the Deposited Assets and parts thereof to such successor. Any successor Securities Intermediary shall promptly give notice of its appointment to the Certificateholders of Certificates for which it is successor Securities Intermediary in
the manner provided in Section 11.5 hereof. 
  
 (f) Any
corporation into or with which the Securities Intermediary may be merged, consolidated or converted shall be the successor of such Securities Intermediary without the execution or filing of any document or any further act. 
  
 (g) In the event that the Securities Intermediary has or subsequently obtains
by agreement, by operation of law or otherwise, a security interest in a Certificate Account or any security entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security
interest of the Trustee. The financial assets and other items deposited to a Certificate Account will not be subject to deduction, set-off, banker’s lien, or any other right in favor of any person other than the Trustee 

  

 78 

 
[(except that the Securities Intermediary may set off (i) all amounts due to the Securities Intermediary in respect of customary fees and expenses for the
routine maintenance and operation of any Certificate Account and (ii) the face amount of any checks which have been credited to a Certificate Account but are subsequently returned unpaid because of uncollected or insufficient funds)]. 
  
 ARTICLE X 
  
 TERMINATION 
  
 Section 10.1. Termination upon Purchase or Liquidation of All Underlying Securities. (a) The respective obligations and responsibilities under
these Standard Terms of the Depositor, the Administrative Agent, if any, and the Trustee (other than the obligations of any such Administrative Agent to provide for and the Trustee to make distributions to Certificateholders of any given Series as
hereafter set forth and to provide information reports and information tax reporting) shall terminate upon the distribution to such Certificateholders of all amounts held in all the Accounts for such Series or by an Administrative Agent, if any, and
required to be paid to such Certificateholders pursuant to these Standard Terms on the Distribution Date coinciding with or following the earlier to occur of (i) if and as provided in the Series Supplement for such Series, the purchase by, and at
the sole option of, the Administrative Agent, if any, as provided in the Series Supplement for such Series, of all remaining Underlying Securities for such Series in the Trust for such Series, provided that such option may be exercised only if the
aggregate principal amount of such Underlying Securities at the time of any such purchase is less than 10% (or such other percentage as may be specified in such Series Supplement) of the aggregate principal amount of all Underlying Securities
deposited in such Trust as of the applicable Cut-off Date and (ii) the final payment on or other liquidation (which may include redemption or other purchase thereof by the applicable Underlying Securities Issuer) (or any Advance with respect
thereto) of the last Underlying Security remaining in the Trust for such Series or the disposition of all property acquired upon foreclosure or liquidation of any such Underlying Security; provided, however, that in no event shall the
trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James, living on the date hereof. 

 
 (b) The Administrative Agent shall exercise its option to purchase all the
Underlying Securities remaining in the Trust pursuant to clause (i) of Section 10.1(a) not later than 91 days prior to the anticipated date of purchase of all such Underlying Securities, at a price as may be specified in the applicable Series
Supplement; provided, however, that such price shall not be less than the then outstanding aggregate principal amount of such Underlying Securities as determined on the date of purchase. The proceeds of such purchase will be deposited
into the Certificate Account and applied in the same manner and priority that collections on Underlying Securities would be applied as provided in the applicable Series Supplement. 
  
 (c) Written notice of any termination shall be provided as set forth in Section 11.5. 
  

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 (d) Upon presentation and surrender of the Certificates by the Certificateholders on the Final Scheduled
Distribution Date, or the Distribution Date coinciding with or next following the earlier to occur of the occurrences specified in clauses (i) and (ii) of Section 10.1(a), with respect to the applicable Series of Certificates, the Trustee shall
distribute to each Certificateholder presenting and surrendering its Certificates (i) the amount otherwise distributable on such Distribution Date in accordance with Section 4.1 in respect of the Certificates so presented and surrendered, if not in
connection with the purchase by an Administrative Agent or the Depositor of all the Underlying Securities or (ii) as specified in the applicable Series Supplement, if in connection with an Administrative Agent’s purchase of all the remaining
Underlying Securities. Any funds not distributed on such Distribution Date shall be set aside and held in trust for the benefit of Certificateholders not presenting and surrendering their Certificates in the aforesaid manner, and shall be disposed
of in accordance with this Section 10.1 and Section 4.1 hereof. Immediately following the deposit of funds in trust hereunder, the Trust for such Series shall terminate. 
  
 ARTICLE XI 
  
 MISCELLANEOUS PROVISIONS 
  
 Section 11.1. Amendment. (a) These Standard Terms may be amended from time to time by the Depositor, the Trustee and the Securities Intermediary
without notice to or the consent of any of the Certificateholders for any of the following purposes: (i) to cure any ambiguity or to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein;
(ii) to add or supplement any Credit Support for the benefit of any Certificateholders (provided that if any such addition affects any series or class of Certificateholders differently that any other series or class of Certificateholders,
then such addition will not, as evidenced by an opinion of counsel, have a material adverse effect on the interests of any affected series or class of Certificateholders); (iii) to add to the covenants, restrictions or obligations of the Depositor,
the Administrative Agent, if any, the Trustee or the Securities Intermediary for the benefit of the Certificateholders; (iv) to add, change or eliminate any other provisions with respect to matters or questions arising under these Standard Terms, so
long as (x) any such amendment described in (i) through (iv) will not, as evidenced by an opinion of counsel, cause the Trust (unless otherwise specified in a related Series Supplement) to be taxable as a corporation for federal income tax purposes
or result in a sale or exchange of any Certificate for tax purposes and (y) the Trustee has received written confirmation from each Rating Agency rating such Certificates that such amendment will not cause such Rating Agency rating such Certificates
to reduce or withdraw the then current rating thereof; (v) to comply with any requirements imposed by the Code or Treasury Regulations; (vi) to evidence and provide for the acceptance of appointment hereunder of a Trustee for a Series of
Certificates or a Securities Intermediary for a Series of Certificates, and to add to or change any of the provisions of these Standard Terms as shall be necessary to provide for or facilitate the administration of the separate Trusts hereunder by
more than one Trustee, pursuant to the requirements of Section 5.1 hereof; (vii) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee or a successor Securities Intermediary with respect to the Certificates of
one or more Series or to add or change any of the provisions of these Standard Terms as shall be necessary to provide for or facilitate the administration of the trusts hereunder; or (viii) to provide for the 

  

 80 

 
issuance of a new Series of Certificates pursuant to a Series Supplement issued hereunder pursuant to Sections 5.1 and 5.13 hereof. 
  
 (b) Without limiting the generality of the foregoing, with respect to any
Series these Standard Terms may also be modified or amended from time to time by the Depositor, the Trustee and the Securities Intermediary with the consent of the Certificateholders representing the Required Percentage—Amendment of the
aggregate Voting Rights of those Certificates to which such modification or amendment relates for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of these Standard Terms or of modifying in any
manner the rights of Certificateholders; provided, however, that (i) no such amendment shall reduce in any manner the amount of, or defer the timing of, payments received on Underlying Securities which are required to be distributed on
any Certificate without the unanimous consent of such Certificateholders, and (ii) this Section 11.1(b) shall not be amended without the unanimous consent of all the Certificateholders of such Series; and provided further that the
Depositor shall furnish to the Trustee an Opinion of Counsel (unless otherwise indicated in a related Series Supplement) stating that, in the opinion of such counsel, any such amendment would not cause the Trust to be taxed as a corporation for
federal income tax purposes. Notwithstanding any other provision of these Standard Terms, for purposes of the giving or withholding of consents pursuant to this Section 11.1, Certificates registered in the name of the Depositor, or any Affiliate
thereof, shall be entitled to Voting Rights with respect to matters affecting such Certificates; and provided further that in the event the Rating Agency Condition is not satisfied with respect to such modification or amendment, the
Required Percentage—Amendment shall be increased to require an aggregate percentage of the aggregate Voting Rights in the amount specified in the applicable Series Supplement. 
  
 (c) Promptly after the execution of any such amendment or modification, the Trustee shall furnish a copy of such amendment
or modification to each Certificateholder of the affected Series or Class and to the Rating Agencies. It shall not be necessary for the consent of Certificateholders under this Section to approve the particular form of any proposed amendment, but it
shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the
Trustee may prescribe. 
  
 Section 11.2. Counterparts.
These Standard Terms may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument. 
  
 Section 11.3. Limitation on Rights of Certificateholders. (a) The
death or incapacity of any Certificateholder shall not operate to terminate these Standard Terms or the Trust, nor entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any
court for a partition or winding up of the applicable Trust, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them. 
  

(b) No Certificateholder of a given Series shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control
the operation and management of any Trust, or the obligations of the parties hereto, nor shall anything herein set 

  

 81 

 
forth, or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an
association; nor shall any Certificateholder be under any liability to any third person by reason of any action taken by the parties to these Standard Terms pursuant to any provision hereof. 
  
 (c) No Certificateholder of a given Series shall have any right by virtue of
any provision of these Standard Terms to institute any suit, action or proceeding in equity or at law upon or under or with respect to these Standard Terms, unless (i) such Certificateholder previously shall have given to the Trustee a written
notice of breach and of the continuance thereof and unless also the Certificateholders of such Series evidencing not less than the Required Percentage—Remedies of the aggregate Voting Rights of such Series shall have made written request upon
the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or
thereby, and the Trustee, for 15 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding. It is understood and agreed that the Trustee shall not be
obligated to make any investigation of matters arising under these Standard Terms or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or direction of any Certificateholders unless such
Certificateholders have offered to the Trustee the reasonable indemnity referred to above. It is further understood and agreed, and expressly covenanted by each Certificateholder of each Series with every other Certificateholder of such Series and
the Trustee, that no one or more Certificateholders of such Series shall have any right in any manner whatever by virtue of any provision of these Standard Terms to affect, disturb or prejudice the rights of any other of the Certificateholders of
such Series, or to obtain or seek to obtain priority over or preference to any other such Certificateholder, or to enforce any right under these Standard Terms, except in the manner herein provided and for the equal, ratable and common benefit of
all Certificateholders of such Series. For the protection and enforcement of the provisions of this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 
  
 Section 11.4. Governing Law. These Standard Terms shall be governed by
and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed entirely therein without reference to such State’s principles of conflicts of law to the extent that the application of the
laws of another jurisdiction would be required thereby, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 
  
 Section 11.5. Notices. All directions, demands and notices hereunder shall be in writing and shall be delivered as
set forth in the applicable Series Supplement. Any notice required to be provided to a Certificateholder shall be given by first class mail, postage prepaid, at the last address of such Certificateholder as shown in the Certificate Register. Any
notice so mailed within the time prescribed in these Standard Terms shall be conclusively presumed to have been duly given when mailed, whether or not the Certificateholder receives such notice. Any and all notices to be given to the Swap
Counterparty, if any, will be specified in the related Series Supplement or in the related Swap Agreement. 
  

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 Section 11.6. Severability of Provisions. If any one or more of the covenants, agreements,
provisions or terms of these Standard Terms shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of these
Standard Terms and shall in no way affect the validity or enforceability of the other provisions of these Standard Terms or of the Certificates or the rights of the Certificateholders thereof. 
  
 Section 11.7. Notice to Rating Agencies. The Trustee shall use its
best efforts promptly to provide notice to the Rating Agencies with respect to each of the following of which it has actual knowledge: 
  
 (i) any change or amendment to these Standard Terms; 
  
 (ii) the occurrence of any Administrative Agent Termination Event or any other termination event concerning
the Trust; 
  
 (iii) the resignation or
termination of an Administrative Agent, if any, the Trustee or the Securities Intermediary; 
  
 (iv) the appointment of a successor Trustee or a successor Securities Intermediary; 
  
 (v) the repurchase or substitution of Deposited Assets, if
any, pursuant to Section 2.3; 
  
 (vi) the final
payment to the Certificateholders of any Class; 
  
 (vii) any change in the location of the Certificate Account; 
  
 (viii) any Event of Default; and 
  
 (ix) any event that would result in the inability of the Trustee to make Advances. 
  
 In addition, the Trustee shall promptly furnish to each Rating Agency copies of each report to Certificateholders described in Section 4.2 and the Administrative Agent,
if any, or otherwise the Trustee shall promptly furnish to each Rating Agency copies of the following: 
  
 (i) each annual statement as to compliance described in Section 3.15; and 
  
 (ii) each annual Independent public accountants’ servicing report described in Section 3.16.

  
 Any such notice pursuant to this Section shall be in writing
and shall be deemed to have been duly given if personally delivered or mailed by first class mail, postage prepaid, or by express delivery service to each Rating Agency at the address specified in the applicable Series Supplement. 
  
 Section 11.8. Grant of Security Interest. It is the express intent of
the parties hereto that each conveyance of any Deposited Assets by the Depositor to the Trustee be, and be construed as, a sale of the Deposited Assets by the Depositor and not a pledge of or grant of a 

  

 83 

 
security interest in any Deposited Assets by the Depositor to secure a debt or other obligation of the Depositor. However, in the event that, notwithstanding
the aforementioned intent of the parties, any Deposited Assets are held to be property of the Depositor, then, (a) the Depositor hereby grants to the Trustee a security interest in all of the Depositor’s right, title and interest, whether now
owned or existing or hereafter acquired or arising in, to and under the Deposited Assets, including, without limitation, the Underlying Securities and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments,
securities or other property, including all amounts from time to time held or invested in the applicable Certificate Account, whether in the form of cash, instruments, securities or other property and (b)(1) these Standard Terms shall also be a
security agreement within the meaning of the Uniform Commercial Code as in effect from time to time in the State of New York, or such other State as may be specified in the related Series Supplement; (2) the obligations secured by such security
agreement shall be all the Depositor’s obligations under these Standard Terms, including the obligation to provide to the Certificateholders the benefits of these Standard Terms relating to such Deposited Assets and the applicable Trust; and
(3) notifications to persons holding such property, and acknowledgements, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgements, receipts or confirmations from, financial intermediaries,
bailees or agents (as applicable) of the Trustee for the purpose of perfecting such security interest under applicable law. The Depositor shall direct the Trustee to the extent consistent with these Standard Terms, to take such actions as may be
necessary to ensure that such security interest is a perfected security interest of first priority under applicable law and will be maintained as such for so long as any of the Deposited Assets remain outstanding. Without limiting the generality of
the foregoing, the Trustee, upon receipt of such direction, shall file, or shall cause to be filed, all filings identified by the Depositor to be necessary to maintain the effectiveness of any original filings identified by the Depositor to be
necessary under the Uniform Commercial Code as in effect in any jurisdiction to perfect the Trustee’s security interest in the Deposited Assets, including (x) continuation statements and (y) such other statements as may be occasioned by (1) any
change of name of the Depositor or the Trustee, (2) any change of location of the place of business, the principal business office, or jurisdiction of organization of the Depositor or (3) any transfer of any interest of the Depositor in any
Deposited Asset. 
  
 Section 11.9. Nonpetition Covenant.
Notwithstanding any prior termination of these Standard Terms, each of the Trustee (including any Co-Trustee) the Administrative Agent, if any, (including any Sub-Administrative Agent, Authenticating Agent, Calculation Agent, or Paying Agent) and
the Depositor agrees that it shall not, until the date which is one year and one day after the earlier of a Trust Termination Event or the Final Scheduled Distribution Date, acquiesce, petition or otherwise invoke or cause the Trust to invoke the
process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing
or sustaining a case by or against the Trust under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust or all or any part of
the property or assets of the Trust or ordering the winding up or liquidation of the affairs of the Trust. 
  

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 Section 11.10. No Recourse. Provided that there exists no default on the Underlying Securities,
neither the Trustee (including any Co-Trustee), the Administrative Agent, if any (including any Sub-Administrative Agent, Authenticating Agent, Calculation Agent, or Paying Agent) nor the Depositor shall have any recourse to the Underlying
Securities or any other Deposited Assets, except as specifically provided in the related Series Supplement. 
  
 Section 11.11. Article and Section References. All article and section references used in these Standard Terms, unless otherwise provided, are to
articles and sections in these Standard Terms. 
  
 Section 11.12.
Conflict with Trust Indenture Act. (a) If any provision hereof limits, qualifies or conflicts with another provision hereof that is required to be included in these Standard Terms by any of the provisions of the TIA, such required provision
shall control. 
  
 (b) The provisions of TIA Sections 310 through
317 that impose duties on any Person (including the provisions automatically deemed included herein unless expressly excluded by these Standard Terms) are a part of and govern these Standard Terms, whether or not physically contained herein.

  

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 IN WITNESS WHEREOF, the Depositor, the Trustee and the Securities Intermediary have caused their names to
be signed hereto by their respective officers thereunto duly authorized, in each case as of the day and year first above written. 
  

			
	 HEXAGON ABS CORP.,
 as Depositor

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

  

			
	 U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee and as
 Securities Intermediary

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:Lease Agreement, dated as of April 8, 2005

 EXHIBIT 10.1 
  
 LEASE AGREEMENT 
  
 BETWEEN 
  
 PRENTISS PROPERTIES ACQUISITION PARTNERS, L.P., 
 a Delaware limited partnership

  
 (“Landlord”) 
  
 AND 
  
 ATHEROS COMMUNICATIONS, INC., 
 a Delaware corporation 
  
 (“Tenant”) 
  
 5480 Great America Parkway

 Santa Clara, California 
  
 Dated: April 8, 2005 

 TABLE OF CONTENTS 
  

					
	 ARTICLE

	  	PAGE

	 1
	  	BASIC LEASE INFORMATION AND CERTAIN DEFINITIONS	  	1
			
	 2
	  	PREMISES AND QUIET ENJOYMENT	  	1
			
	 3
	  	TERM; COMMENCEMENT DATE; DELIVERY AND ACCEPTANCE OF PREMISES	  	1
			
	 4
	  	RENT	  	3
			
	 5
	  	TAXES	  	3
			
	 6
	  	OPERATING COSTS	  	5
			
	 7
	  	SERVICES	  	8
			
	 8
	  	ASSIGNMENT AND SUBLETTING	  	10
			
	 9
	  	REPAIRS	  	13
			
	 10
	  	ALTERATIONS	  	15
			
	 11
	  	LIENS	  	17
			
	 12
	  	USE AND COMPLIANCE; HAZARDOUS SUBSTANCES	  	17
			
	 13
	  	DEFAULT AND REMEDIES	  	18
			
	 14
	  	INSURANCE	  	21
			
	 15
	  	DAMAGE BY FIRE OR OTHER CAUSE	  	23
			
	 16
	  	CONDEMNATION	  	24
			
	 17
	  	INDEMNIFICATION	  	26
			
	 18
	  	SUBORDINATION	  	26
			
	 19
	  	SURRENDER OF THE PREMISES AND HOLDOVER	  	27
			
	 20
	  	SECURITY DEPOSIT	  	28
			
	 21
	  	MISCELLANEOUS	  	29
			
	 22
	  	RENEWAL OPTIONS	  	34

  

 i 

					
	 	  	 	  	PAGE

	 23
	  	RIGHT OF FIRST OFFER TO LEASE BUILDING 9	  	37
			
	 24
	  	RIGHT OF SECOND OFFER FOR NEW IMPROVEMENTS	  	38
			
	 25
	  	CAFETERIA	  	39
			
	 26
	  	PERSONAL PROPERTY	  	39
			
	 27
	  	SIGNAGE	  	40
			
	 28
	  	SATELLITE DISH	  	41
			
	 29
	  	Parking	  	42

  
 EXHIBITS AND
RIDERS 
  
 The following Exhibits and Riders are attached hereto and by
this reference made a part of this Lease: 
  

			
	 SCHEDULE 1.1
	  	DEFINITIONS
	 EXHIBIT A
	  	FLOOR PLAN OF THE PREMISES
	 EXHIBIT B
	  	THE LAND
	 EXHIBIT C
	  	EXAMPLE OF CANCELLATION FEE
	 EXHIBIT D
	  	WORK LETTER
	 EXHIBIT E
	  	FORM OF COMMENCEMENT NOTICE
	 EXHIBIT F
	  	INVENTORY LIST
	 EXHIBIT G
	  	TENANT CREDIT ADJUSTMENT
	 EXHIBIT H
	  	LANDLORD’S WORK
	 EXHIBIT H
	  	HAZARDOUS SUBSTANCES
	 RIDER NO. 1
	  	RULES AND REGULATIONS

  

 ii 

 BASIC LEASE INFORMATION 
  
 (“Basic Lease Information”) 
  

					
	 A.
	 	 Additional Rent:
	  	The Additional Rent shall be all sums, other than Base Rent, due and payable by Tenant under the Lease, including, but not limited to, Tenant’s Share of Operating Costs.
			
	 B.
	 	 Base Rent:
	  	The Base Rent shall be the amounts set forth below subject to increase as provided in Article 8 of the Work Letter.

  

				
	 Period

	  	Base Rent Per
Month

	 June 1, 2005 – September 30, 2005
	  	 	None.
	 October 1, 2005 – May 31, 2006
	  	$	91,695.45
	 June 1, 2006 – May 31, 2007
	  	$	96,061.90
	 June 1, 2007 – May 31, 2008
	  	$	100,428.35
	 June 1, 2008 – May 31, 2009
	  	$	104,794.80
	 June 1, 2009 – June 30, 2010
	  	$	109,161.25

  

					
	 	 	 	  	* All dates assume that the Commencement Date occurs June 1, 2005. If the Commencement Date occurs after June 1, 2005, all of the above dates shall be delayed by the number of days of delay
between June 1, 2005 and the actual Commencement Date.
			
	 C.
	 	 Brokers:
	  	Cushman & Wakefield of California and The Staubach Company.
			
	 D.
	 	 Building:
	  	The building commonly known as 5480 Great America Parkway, Santa Clara, California.
			
	 E.
	 	 Commencement Date:
	  	June 1, 2005, subject to the provisions of Article 3 hereof.
			
	 F.
	 	 Expiration Date:
	  	July 1, 2010, unless sooner terminated or extended pursuant to the terms hereof.
			
	 G.
	 	 Land:
	  	That certain parcel of real estate described in Exhibit B attached hereto.

					
	 H.
	 	 Landlord’s Address
 for
Notice:
	  	 Prentiss Properties Acquisition Partners, L.P.
 3890
W. Northwest Highway, Suite 400
 Dallas, Texas 75220
 Attention:
President

			
	 	 	 	  	With a copy to:
			
	 	 	 	  	 Prentiss Properties Trust
 1901 Harrison Street, Suite
100
 Oakland, California 94612
 Attention: Managing
Director

			
	 I.
	 	 Landlord’s Address
 for
Payment:
	  	 Prentiss Properties Acquisition Partners, L.P.
 P.O.
Box 100435
 Pasadena, CA 91189-0435

			
	 J.
	 	Landlord’s Contribution:	  	$654,967.50, subject to increase as provided in Article 8 of the Work Letter.
			
	 K.
	 	Lease Year:	  	The first “Lease Year” shall be the period from the Commencement Date to the last day of the twelfth (12th) full calendar month following the calendar month in which the
Commencement Date occurs. Thereafter, each consecutive twelve (12) calendar month period shall constitute one (1) Lease Year. Notwithstanding anything contained herein to the contrary, if the Commencement Date occurs on the first (1st) day of a
calendar month, the first Lease Year shall be twelve (12) full calendar months.
			
	 L.
	 	Premises:	  	The Building other than the Underground Parking Area marked on the floor plans attached hereto as Exhibit A.
			
	 M.
	 	Project:	  	The Land and all improvements now or in the future thereon, including the buildings and all Common Areas, commonly known as 5450, 5470 and 5480 Great America Parkway, Santa Clara,
California.
			
	 N.
	 	Rent:	  	The Base Rent and the Additional Rent.
			
	 O.
	 	Rentable Area of the Project:	  	Landlord and Tenant agree that for all purposes of this Lease the Rentable Area of the Project shall be deemed to be 307,050 square feet.

					
	 P.
	 	Rentable Area of the Premises:	  	Landlord and Tenant agree that for all purposes of this Lease the Rentable Area of the Premises shall be deemed to be 87,329 rentable square feet, consisting of 27,237 rentable square feet on
the first floor, 28,537 rentable square feet on the second floor, 27,769 rentable square feet on the third floor, 638 rentable square feet of lobby, and 872 rentable square feet on the lower podium plus Tenant’s Share of the Cafeteria space
(which shall be deemed to be 2,276 rentable square feet).
			
	 Q.
	 	Security Deposit:	  	$109,161.25
			
	 R.
	 	Tenant’s Address for Notice:	  	 Prior to the Commencement Date:
  
 Atheros Communications
 529 Almanor Avenue
 Sunnyvale, CA 94085
 Attention: David Torre / Vice President, Finance &
Administration
  
 With a copy to:
  
 Atheros Communications
 529 Almanor Avenue
 Sunnyvale, CA 94085
 Attention: Legal Department
  
 After the Commencement Date:

 
 Atheros Communications
 5480 Great America Parkway
 Santa Clara, CA 95054
 Attention: David Torre / Vice President, Finance & Administration
  
 With a copy to:
  
 Atheros
Communications
 5480 Great America Parkway
 Santa Clara, CA
95054
 Attention: Legal Department

			
	 S.
	 	Tenant’s Permitted Use:	  	General Office/ Research and Development, including, but not limited to computer labs and all other legally permitted uses, all of which uses must be consistent with the operation of a
first-class office/research and development building in the Market Area.

					
	 T.
	 	 Tenant’s Share:
	  	28.44%
			
	 U.
	 	 Term:
	  	Five (5) Lease Years and one (1) full calendar month.

 LEASE AGREEMENT 
  
 THIS LEASE AGREEMENT (this “Lease”) is made as of April 8, 2005 (the “Effective Date”) by and
between Prentiss Properties Acquisition Partners, L.P., a Delaware limited partnership (“Landlord”), and Atheros Communications, Inc., a Delaware corporation (“Tenant”), upon all the terms set forth in this Lease as follows:

  
 ARTICLE 1 
  
 BASIC LEASE INFORMATION AND CERTAIN DEFINITIONS 
  
 1.1 The Basic Lease Information is made a part of this Lease, but the
provisions of this Lease addressing such matters in detail shall control over any inconsistent provisions in the Basic Lease Information. All terms capitalized but not otherwise defined herein shall have the respective meanings given to them in the
Basic Lease Information or Schedule 1.1 attached hereto. 
  
 ARTICLE 2 
  
 PREMISES AND QUIET
ENJOYMENT 
  
 2.1 Tenant hereby leases the Premises from
Landlord upon the terms and conditions set forth herein. The parties hereto agree that the interior walls within the Building as shown on Exhibit A may not accurately reflect the location or existence of the interior walls within the Building as of
the Effective Date. During the Term, Tenant shall have the non-exclusive right to use the Common Areas in accordance with the rules and regulations set forth on Rider No. 1 attached hereto (the “Rules and Regulations”). 
  
 2.2 Provided Tenant fully and timely performs all the terms of this Lease on
Tenant’s part to be performed, including payment by Tenant of all Rent, Tenant shall have, hold and enjoy the Premises during the Term without disturbance from or by Landlord or those claiming through Landlord, subject to the terms of this
Lease. 
  
 ARTICLE 3 
  
 TERM; COMMENCEMENT DATE; 
 DELIVERY AND ACCEPTANCE OF PREMISES 
  
 3.1 The Commencement Date shall be the later of (a) June 1, 2005 or (b) the date Landlord delivers exclusive possession of the Premises to Tenant in the
Delivery Condition. The Commencement Date shall be confirmed, along with other matters, by written notice sent by Landlord, and counter-signed by Tenant, substantially in the form of Exhibit E attached hereto (the “Commencement Notice”).
From and after the Effective Date and prior to the Commencement Date, Tenant may have access to the Premises for the purpose of performing the Leasehold Improvements, subject to all of the terms and conditions of this Lease, including the Work
Letter attached as Exhibit D, except that Tenant shall have no obligation to pay Rent prior 

 
to the Commencement Date of this Lease. In consideration of Tenant entering into this Lease and as an inducement to lease the Premises for the Term, Landlord
hereby represents, warrants and covenants that to Landlord’s knowledge, there are no lawsuits or proceedings currently pending against (i) Landlord or (ii) all or any portion of the Project, whether involving eminent domain or otherwise, which
would in either (i) or (ii) above affect all or any portion of the Project or Tenant’s use and enjoyment of thereof. If Landlord fails to deliver exclusive possession of the Premises to Tenant in the Delivery Condition on or before July 1, 2005
and such failure is not the result of Tenant Delay or Force Majeure, then, in addition to the delay in the obligation to pay Base Rent due to the delay in the Commencement Date, Tenant’s obligation to pay Base Rent shall be delayed by an
additional one (1) day for each day after July 1, 2005 that Landlord fails to deliver possession to Tenant. As an example of the foregoing, if Landlord delivers exclusive possession of the Premises to Tenant in the Delivery Condition on July 15,
2005, Tenant’s obligation to pay Base Rent shall not commence until November 27, 2005. As used herein, the term “Tenant Delay” shall mean any delay caused by (i) changes to the scope of Landlord’s Work from that which is
described on Exhibit H attached hereto; (ii) Tenant’s request for materials, finishes or installations other than Building standard (unless the same was contemplated in the scope of Landlord’s Work described on Exhibit H); (iii)
Tenant’s entry into the Premises for the performance of the Leasehold Improvements as described above; and (iv) any other act, omission or delay caused by Tenant, its agents, contractors or persons employed by any such persons. 
  
 3.2 Subject to the terms of Article 9 hereof and the Work Letter,
Tenant’s occupancy of any portion of the Premises shall be conclusive evidence that Tenant (a) has accepted the Premises as suitable for Tenant’s purposes, in its “as is, where is” condition without any representations or
warranties except as specifically set forth in this Lease, but Tenant’s acceptance of the Premises shall not extend to any matters identified in the Punchlist, and (b) without prejudicing any rights Tenant may have with respect to any third
parties, has waived any claims against Landlord with respect to any defects or deficiencies other than such claims as Tenant may have under Section 9.3 below for Landlord’s failure to deliver the Premises in the Delivery Condition. 

 
 3.3 Subject to the provisions set forth herein, Tenant shall have the
right to terminate the Lease as of the end of the fortieth (40th) full calendar month of the Term (the
“Cancellation Date”). Tenant’s cancellation option shall be exercisable by the delivery of a written notice (the “Cancellation Notice”) to Landlord on or before the end of the Twenty-eighth (28th) full calendar month of the Term, time being of the essence. If Tenant fails to deliver the Cancellation Notice to Landlord as
required hereunder, Tenant shall be conclusively presumed to have elected not to exercise Tenant’s cancellation option. Once given, notice of exercise of Tenant’s cancellation option shall be irrevocable. Only the Tenant named in the Lease
or any successor thereto pursuant to a Permitted Transfer may exercise Tenant’s option to cancel. If there is an Event of Default at the time of Tenant’s exercise of Tenant’s cancellation option or on the Cancellation Date, Landlord
may determine that Tenant shall no longer be entitled to exercise its cancellation option, in which event this cancellation option shall be of no force and effect. Tenant’s right to exercise Tenant’s cancellation option is made expressly
subject to the condition that on or before the end of the thirty fifth (35th) full calendar month of the Term,
Tenant delivers to Landlord a termination fee (the “Cancellation Fee”) equal to the sum of: (i) $440,653.54; and (ii) the 

  

 2 

 
unamortized portion, as of the Cancellation Date, of Landlord’s Contribution and all leasing commissions incurred by Landlord in connection with the
leasing the Premises to Tenant (such amounts shall be amortized by Landlord on a straight-line basis over the Term of the Lease at an interest rate of nine percent (9%) per annum). An example of the calculation of the Cancellation Fee is provided on
Exhibit C attached hereto. If Tenant fails to pay the Cancellation Fee as and when required hereunder, Tenant’s exercise of the cancellation option shall be null and void, and Tenant shall have no right to cancel the Lease pursuant to this
Section 11. 
  
 ARTICLE 4 
  
 RENT 
  
 4.1 Tenant shall pay to Landlord, without notice, demand, offset or
deduction, in lawful money of the United States of America, at Landlord’s Address for Payment, or at such other place or in such other manner as Landlord shall designate in writing from time to time: (a) the Base Rent in equal monthly
installments, in advance, on the first day of each calendar month during the Term commencing on the Rent Commencement Date, and (b) the Additional Rent, at the respective times required hereunder, commencing on the Commencement Date. The first
monthly installment of Base Rent shall be paid in advance on the date of Tenant’s execution of this Lease and applied to the first installments of Base Rent coming due under this Lease. If the Rent Commencement Date falls on a date other than
the first day of a calendar month or the Expiration Date or earlier termination of this Lease occurs on a date other than the last day of a calendar month, the Rent due for such fractional month shall be prorated on a per diem basis for the portion
of such fractional month falling within the Term. 
  
 4.2
Commencing with the third such installment in any twelve month period that is not paid within five (5) days after its due date, all installments of Rent not paid within five (5) days after their due date shall be subject to a late charge of five
percent (5%) of the amount of the late payment. In addition, all installments of Rent not paid on their due date shall bear interest from the 31st day after the date due until paid at a rate per annum (the “Interest Rate”) equal to the greater of (i) ten percent (10%) or (ii) four percent (4%) above the prime rate of interest (the
“Prime Rate”) from time to time publicly announced by Citibank, N.A., a national banking association, or any successor thereof; provided, in no event shall the Interest Rate exceed the maximum rate of interest then permitted by applicable
law. As long as no such failure to timely pay any installment of Rent matures into an Event of Default, Landlord hereby waives Landlord’s right to collect any such late charge or interest described herein if Landlord fails to deliver notice to
Tenant that such charge or interest has accrued within thirty (30) days following the date such charge or interest is first due. 
  
 ARTICLE 5 
  
 TAXES 
  
 5.1 Tenant shall pay before delinquency any and all taxes levied or assessed upon or against trade fixtures, equipment, furniture, and other personal
property installed or located on the Premises (collectively the “personal property”). If any personal property shall be assessed 

  

 3 

 
with the real property comprising the Premises, Tenant shall pay to Landlord, as Additional Rent, the amounts attributable to the personal property within
thirty (30) days after receipt of a written statement from Landlord setting forth the amount of such taxes, assessments and public charges attributable to the personal property. 
  
 5.2 Within thirty (30) days after receipt of the a copy of the bill therefor issued by the applicable taxing body, Tenant
shall pay to Landlord as Additional Rent Tenant’s pro rata share of all Taxes which are assessed, levied, confirmed, imposed or which become a lien upon the Project with respect to any period of time within the Term, whether payable as a
regular installment of Taxes or as a result of a supplemental assessment or reassessment of Taxes. Tenant’s pro rata share of Taxes shall be Tenant’s Share, subject to such adjustment as Landlord may reasonably determine on an equitable
basis taking into account any extraordinary improvements on the Project. During the last year of the Term, in addition to the payment of tax bills issued during such year for the prior years’ Taxes, Tenant shall pay to Landlord monthly with
each of Tenant’s Operating Cost Payments a payment to cover Tenant’s pro rata share of Taxes assessed against the Project that have accrued but not been paid. Any such Taxes prorated on an estimated basis shall be reprorated by the parties
when the actual amount of such item becomes known. Any adjustment due to reproration shall be effected not later than thirty (30) days following final determination of the amount of such item and demand by the party to whom credit is due. The
provisions of this Section 5.2 shall survive the expiration or termination of the Lease. 
  
 5.3 Tenant shall pay before delinquency any and all taxes levied or assessed and which accrue during the Term (excluding, however, state and federal personal or corporate income taxes measured by the net income of
Landlord from all sources, capital stock taxes, and estate and inheritance taxes succession, transfer, gift or franchise taxes), whether or not now customary or within the contemplation of the parties hereto, which are based upon, measured by or
otherwise calculated with respect to: (i) the gross or net rental income of Landlord under this Lease, including, without limitation, any gross receipts tax levied by any taxing authority, or any other gross income tax or excise tax levied by any
taxing authority with respect to the receipt of the rental payable hereunder; (ii) the possession, lease, operation, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any portion thereof; (iii) the value of
any leasehold improvements, alterations or additions made in or to the Premises, regardless of whether title to such improvements, alterations or additions shall be in Tenant or Landlord; or (iv) this transaction or any document to which Tenant is a
party creating or transferring an interest or an estate in the Premises. 
  
 5.4 Tenant acknowledges that Taxes “for” a given year are those Taxes that accrue and are assessed for the Project in such year even if paid in a later year. If at any time during the Lease Term the method
of taxation prevailing at the Commencement Date shall be altered so that any new or additional tax assessment, levy, imposition, or charge, or any part thereof, shall be imposed in place or partly in place of any Taxes or contemplated increase
therein, including without limitation any tax, assessment, levy, imposition or charge on Rent, then all such taxes, assessments, levies, impositions or charges shall be deemed to be Taxes for the purpose hereof, to the extent that such Taxes would
be payable if the Project was the only property of Landlord subject to such tax. Taxes shall not include interest and penalties for late payment, except to the 

  

 4 

 
extent that such penalty or interest is attributable to Tenant’s failure to remit on a timely basis its payment of Taxes, in which case Tenant shall be
solely responsible for payment of such interest and/or penalty. If Taxes for the Premises are not assessed separately from the Project and such interest or penalty is attributable to such failure by Tenant and to other tenants’ failure to pay
their pro rata share of Taxes, Tenant shall pay its proportionate share of the amount of such interest and/or penalty. Landlord may contest any assessment of Taxes and the cost of such contest may be included as an Operating Cost, up to the amount
of any tax savings (unless Landlord conducted such contest at Tenant’s request, in which case no such limitation shall occur). Any net recovery realized by Landlord in a contest concerning the imposition of Taxes shall be refunded to Tenant in
proportion to the share paid by Tenant for Taxes in the year in respect of which the refund is made. Tenant may request that Landlord contest any assessment of Taxes. If Landlord refuses to contest such Taxes, Tenant may do so on Landlord’s
behalf. In such case, Landlord agrees to reasonably cooperate with Tenant (at no expense to Landlord) in any appeal of Taxes or assessments. Tenant will be entitled to its proportionate share of any refund or reduction obtained through such appeal
as provided herein after first reimbursing Tenant for its costs reasonably incurred in connection with such contest from such refund or reduction, and shall be responsible for the full amount of any increase in Taxes or assessments made as a result
of such appeal. Promptly upon receiving the initial assessed valuation of the Project from the County Tax Assessor of Santa Clara, California, Landlord shall inform Tenant of such valuation. Landlord agrees to consult with Tenant regarding any
contest of such valuation. Any contest of such valuation shall be made pursuant to the terms of this Section 5.4. Except as set forth herein, Tenant shall have no right to appeal Taxes or assessments. 
  
 5.5 Notwithstanding anything contained in this Article 5 to the contrary,
Tenant shall not be required to pay any Taxes that are (1) fairly allocable to any period of time prior to the Commencement Date or following the expiration or sooner termination of this Lease (except for Tenant’s personal property taxes as set
forth in Section 5.1), (2) fairly allocable to any other tenant’s personal property, (3) payable solely as a result of a default by Landlord under this Lease or a default of any other tenant of the Project or (4) payable solely as a result of
any sale or transfer of the Project, Land, Building or Premises, or any part thereof, to a party that controls Landlord, is controlled by Landlord or is under common control with Landlord, where “control” is defined as set forth in Section
8.4 below (each, an “Affiliate”), provided in the event that Landlord subsequently sells or transfers the Land, Building or Premises, or any part thereof, to a party that is not an Affiliate, from and after such sale or transfer on a going
forward basis, Tenant’s obligation to pay Taxes shall include any amount that previously had not been allocable to Tenant as a result of the terms of this clause (4). 
  
 ARTICLE 6 
  
 OPERATING COSTS 
  
 6.1 A. Beginning on the Commencement Date, Tenant shall pay to Landlord at the same time as it is required to make payment of Base Rent, an amount (the
“Operating Costs Payment”) equal to one twelfth (1/12th) of the estimated Tenant’s Share of Operating Costs attributable to the Project for any full or partial year during the Term. Tenant acknowledges that in connection with any
particular Operating Cost, 

  

 5 

 
notwithstanding the fixed percentage interest of Tenant’s Share set forth in the Basic Lease Information, Landlord may fairly allocate such Operating
Cost among the users of the Project if utilizing a particular user’s percentage share based on such user’s rentable square footage compared to the rentable square footage of the Project results in an inequitable allocation of such
Operating Cost among the users of the Project. 
  
 B. Based on Landlord’s current estimate of Operating Costs, Tenant’ initial monthly installment of the Operating Costs Payment on the Commencement Date shall be $22,923.86. Prior to any year (or as soon thereafter as is reasonably
practicable) and from time to time during any year, Landlord shall notify Tenant as to monthly installments of the Operating Costs Payment payable by Tenant based on Landlord’s reasonable estimate of Operating Costs for such year. Until such
time as Landlord notifies Tenant of such estimate, Tenant shall continue to make its Operating Costs Payment in the same monthly amount as the prior year. On the first day of the calendar month following thirty (30) days after Tenant’s receipt
of Landlord’s notice of any revised estimate in such installments, Tenant shall pay to Landlord (in addition to the revised monthly estimate) a lump sum payment in an amount so that Tenant’s total payments for the year will equal
Landlord’s revised estimate of Tenant’s aggregate Operating Costs Payment for such year. If such lump sum payment amount exceeds the amount of Tenant’s monthly payment for the immediately proceeding month, Tenant shall have an
additional thirty (30) days to pay such amount. The Operating Costs Payment for the first calendar year in which the Term falls (if the Commencement Date is other than January 1) and the last calendar year in which the Term falls (if the Term ends
on a date other than December 31) shall be prorated based upon the number of days in the Term falling within the year in question. 
  
 C. After Landlord shall have ascertained the actual amount of Operating Costs for the prior year but in any case within one hundred eighty
(180) days of the end of such year (but subject to adjustment upon receipt of additional information within twelve [12] months following the end of any calendar year [an “Amended Notice”]), Landlord shall notify Tenant as to the amount of
such Operating Costs and the Operating Costs Payment resulting therefrom (an “Annual Adjustment Notice”). If the Operating Costs Payment actually due exceeds total estimated payments made by Tenant on account of Tenant’s Share of
Operating Costs for such year, then Tenant shall pay Landlord the full amount of any such deficiency within thirty (30) days after receiving the Annual Adjustment Notice. If the Operating Costs Payment actually due is less than the total estimated
payments made by Tenant on account of Tenant’s Share of Operating Costs for such year, then Landlord shall either credit any such excess to Rent next owing by Tenant or refund such excess to Tenant, provided, at the end of the Term, Landlord
shall refund such excess to Tenant. 
  
 D. The
provisions of this Section 6.1 shall survive the expiration or termination of this Lease. 
  
 6.2 If the Project is not fully occupied (meaning one-hundred percent (100%) of the Rentable Area of the Project) during any full or partial year of the Term, those Operating Costs 

  

 6 

 
which vary with the level of occupancy (including, but not limited to, utilities, janitorial costs and management fees) shall be adjusted for such year to an
amount which Landlord reasonably estimates would have been incurred had the Project been the greater of ninety-five percent (95%) occupied or the actual occupancy of the Project. In no event shall Landlord collect from the tenants of the Project
more than the actual Operating Costs for such year. 
  
 6.3 Tenant
shall have the right upon the delivery of written notice to Landlord (“Tenant’s Review Notice”) and at reasonable times to review the books and records of Landlord relating to Tenant’s Operating Costs Payment. Such review shall
take place at the Project or the office of Landlord’s managing agent in the greater San Francisco Bay Area and shall be at Tenant’s sole cost and expense. Tenant must deliver Tenant’s Review Notice to Landlord within ninety (90) days
after Tenant has received its Annual Adjustment Notice for the prior year and must complete its review with written notice to Landlord, specifying in detail the reasons for any discrepancy as to a particular item within forty-five (45) days after
Landlord makes its books and records available to Tenant. Failure by Tenant to deliver Tenant’s Review Notice to Landlord within such ninety (90) day period or to perform its review and provide Landlord with such notice within such subsequent
forty-five (45) day period shall constitute a waiver of Tenant’s rights to contest such Annual Adjustment Notice. Tenant shall pay the full amount of Tenant’s Operating Costs Payment shown to be due on the Annual Adjustment Notice without
delay, but by doing so shall not, so long as it timely complies with the time periods set forth above, waive its rights to review Landlord’s books and records or to dispute the accuracy or appropriateness of any such Annual Adjustment Notice or
any items thereon as provided in this Section 6.3. In the event Landlord provides an Amended Notice, Tenant shall have the same rights with respect to the Amended Notice as with the Annual Adjustment Notice as set forth in this Section 6.3.

  
 Tenant hereby agrees that all information disclosed in the
books and records shall be kept confidential and shall not be disclosed to any other party, including, but not limited to, any other tenant in the Project. Tenant further agrees to cause any third party engaged by Tenant to review said books and
records to execute and deliver a commercially reasonable confidentiality agreement prior to its performing any such review. Any accountant or professional retained by Tenant to perform such audit shall be paid by Tenant on a fixed hourly rate or
flat-fee basis and not on a contingency fee based upon a percentage of the recovery of any discrepancy discovered. Tenant shall pay all costs associated with such review, unless it is finally determined that Landlord’s original determination of
Tenant’s Operating Cost Payment was overstated by more than three percent (3%), in which event the Landlord shall pay the reasonable third party costs of such audit incurred by Tenant. If such review discloses a discrepancy in Landlord’s
calculation of Tenant’s Operating Cost Payment, and Landlord agrees with such determination, Landlord shall promptly pay to Tenant the amount of any overpayment by Tenant or Tenant shall promptly pay to Landlord the amount of any underpayment
by Tenant, as the case may be. If Landlord delivers notice to Tenant that Landlord does not agree with such determination of Operating Costs, Tenant’s accountant or other professional retained by Tenant to perform such audit and Landlord’s
regular accountants shall select a third accounting firm from the “Big 4” accounting firms. If the two (2) accountants cannot agree on the selection of the third accountant within ten (10) days of their selection, then either party may
request appointment of the third accountant by application to the JAMS. Once the third accountant has been selected as provided for above, then, as soon thereafter as practicable but in any case within fourteen (14) days, the third 

  

 7 

 
accountant shall make his/her determination of the actual Operating Costs in dispute and such determination shall be binding on both Landlord and Tenant. The
parties shall share equally in the costs of the third accountant. Subject to Landlord’s obligations to pay Tenant’s third party costs as set forth herein, any fees of any accountant or professional engaged directly by Landlord or Tenant,
however, shall be borne by the party retaining such accountant or professional. 
  
 If Landlord discovers a discrepancy in Landlord’s calculation of Operating Costs and such discrepancy has resulted in Tenant’s overpayment Operating Costs, Landlord shall deliver an Amended Notice and refund
to Tenant the amount of such overpayment by crediting the same against the next Rent due under this Lease or, if the Term has expired or the Lease has terminated, by delivering such amount with the Amended Notice. 
  
 6.4 The parties hereto agree that the measurements set forth in the Basic
Lease Information are, for the purposes of this Lease, correct and the parties will not remeasure the Project or the Premises. If during the Term any change occurs in either the number of square feet of the Rentable Area of the Premises (by virtue
of the addition of space to the Premises or the reduction in the size of the Premises) or by addition to or subtraction from the Rentable Area of the Project, effective as of the date of any such change, the addition or subtraction of such Rentable
Area of the Project or Rentable Area of the Premises shall be measured using the same method of measurement as the parties hereto used for the original measurement of the Premises, and Tenant’s Share shall be adjusted in accordance with such
measurement. Landlord shall promptly notify Tenant in writing of such change and the reason therefor. Any changes made pursuant to this Section 6.3 shall not alter the computation of Operating Costs as provided in this Article 6 or Taxes as provided
in Article 5, but, on and after the date of any such change, Tenant’s Share of Operating Costs and Taxes shall be appropriately adjusted. If such estimated payments of Tenant’s Share are so adjusted during a year, a reconciliation payment
for Tenant’s Share pursuant to this Article 6 for the calendar year in which such change occurs shall be computed pursuant to the method set forth in Sections 6.1 and 6.2, such computation to take into account the daily weighted average of
Tenant’s Share of Operating Costs during such year. 
  
 ARTICLE 7 
  
 SERVICES

  
 7.1 During the Term (including any extensions thereof) and
subject to the other terms of this Lease, Landlord shall furnish Tenant with the following services: (a) cafeteria service in the Cafeteria as set forth in Section 25.1 below; (b) exterior window washing at least four (4) times each Lease Year; (c)
electricity and gas for lighting, incidental use and the heating, ventilation and air conditioning system serving the Premises; and (d) water and sewer for restrooms and breakrooms incidental to Tenant’s use. Other than electricity separately
metered to the Premises, all services referred to in this Section 7.1 shall be provided by Landlord and paid for by Tenant on a prorata basis as part of the Operating Costs Payment. With respect to electricity for the Premises, Landlord shall, at
Landlord’s expense, install submeters so as to separate the use of electricity serving the Premises and electricity serving the remainder of the Project. Tenant shall pay as Additional Rent to Landlord, within thirty (30) days after receiving
an invoice therefor, Landlord’s cost of electricity serving the Premises based upon Tenant’s actual usage of such electricity. Landlord’s billing of electricity to Tenant shall be without mark-up. 
  

 8 

 7.2 Except as expressly provided in this Lease, Landlord shall not be obligated to furnish services to
the Premises. Tenant shall cooperate with Landlord at all times and, as reasonably necessary, allow Landlord reasonable access to the Premises to provide such services, subject to the terms of Section 21.24 below. 
  
 7.3 At all times during the Term, Tenant shall contract directly with utility
providers, at its sole expense, for all utilities other than electricity, gas and water attributable to its use of the Premises. All such utility payments shall be paid directly by Tenant on or prior to the date on which the same are due to the
utility provider. Tenant shall also obtain at its expense any and all janitorial and security for the Premises as Tenant desires. In addition, Tenant, at its cost, shall secure regular roof and heating, ventilation and air conditioning system
inspection and maintenance services by professional maintenance services to the extent necessary to maintain the Premises in a good condition comparable with the good condition which the Premises are in as of the Effective Date, subject to ordinary
wear and tear and the provisions of Articles 15 and 16. Not more often than once each calendar year upon advance written notice, Landlord may inspect at the Premises Tenant’s maintenance, service and inspection plan for the heating, ventilation
and air conditioning, electrical, plumbing and mechanical systems and the roof coverings. Tenant shall reasonably cooperate with such inspection. Tenant shall cooperate fully with Landlord at all times and abide by all reasonable regulations and
requirements that Landlord may reasonably prescribe for the proper functioning and protection of the heating, ventilation and air conditioning, electrical, mechanical and plumbing systems and maintenance and inspection of the roof coverings for the
Premises. If Landlord reasonably determines that Tenant has not fulfilled its obligations under this Section 7.3, upon thirty (30) days prior written notice to Tenant (except in the case of an emergency, when no such notice shall be required),
Landlord may, but need not, provide such services, and Tenant shall pay Landlord the cost thereof within fifteen (15) days after Landlord’s written demand. 
  

7.4 Except as set forth in Section 7.5 below, Tenant agrees that Landlord shall not be liable for damages, by abatement of Rent or otherwise, for
failure to furnish or delay in furnishing any service (including telephone and telecommunication services), or for any diminution in the quality or quantity thereof, when such failure or delay or diminution is occasioned, in whole or in part, by
breakage, repairs, replacements, or improvements, by any strike, lockout or other labor trouble, by inability to secure electricity, gas, water, or other fuel at the Premises or Project after reasonable effort to do so, by any riot or other
dangerous condition, emergency, accident or casualty whatsoever, by act or default of Tenant or other parties, or by any other cause; and such failures or delays or diminution shall never be deemed to relieve Tenant from paying Rent or performing
any of its obligations under this Lease. Furthermore, Landlord shall not be liable under any circumstances for a loss of, or injury to, property or for injury to, or consequential damages to Tenant’s business, through or in connection with or
incidental to a failure to furnish any of the services or utilities as set forth in this Article 7. Tenant hereby waives any benefits of any applicable existing or future Applicable Laws, including the provisions of California Civil Code Section
1932(1), permitting the termination of this Lease due to such interruption, failure or inability to provide services for any limited duration. 
  

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 7.5 Notwithstanding the foregoing, if (i) Landlord ceases to furnish any service set forth in Section 7.1
above to the Premises, (ii) such cessation is not caused by Force Majeure, (iii) such cessation has not arisen as a result of an act or omission of Tenant or the Tenant Parties and (iv) as a result of such cessation, the Premises (or a material
portion thereof) is rendered unusable for Tenant’s business purposes and Tenant in fact Ceases to Use such space, then, as Tenant’s sole and exclusive remedy for such cessation (except as set forth in Articles 15 and 16 below, which in the
event of a casualty or condemnation shall govern), commencing on the sixth (6th) consecutive Business Day after Tenant has informed Landlord of such cessation or Landlord otherwise has actual knowledge of such cessation and all of the foregoing
conditions have been met, the Rent payable hereunder shall be equitably abated based on the percentage of the Premises so rendered unusable for Tenant’s business purposes and that in fact Tenant has Ceased to Use all or such portion of the
Premises. Such abatement shall continue until the earlier of (a) date the Premises become usable again by the removal of such cessation of services or (b) date the Tenant resumes use of the Premises. 
  
 ARTICLE 8 
  
 ASSIGNMENT AND SUBLETTING 
  
 8.1 Tenant shall not, by operation of law or otherwise, (i) assign, pledge,
encumber or otherwise transfer this Lease or any part hereof, or the interest of Tenant under this Lease, (ii) sublease all or any portion of the Premises, or (iii) allow the Premises or any part thereof to be occupied or used for any purpose by
anyone other than Tenant, other than occupancy by service providers and consultants to Tenant to the extent necessary to provide such services and consultations (individually or collectively, a “Transfer”), without first obtaining in each
instance the prior written consent of Landlord. Subject to the terms of Section 8.3 below, Landlord’s consent shall not be unreasonably withheld or delayed. 
  
 8.2 A Transfer shall also be deemed to have occurred if (a) in a single transaction or in a series of transactions more than
50% of the economic, ownership or voting interests (whether stock, partnership interest, membership interest or otherwise) in any of (i) Tenant, or any party directly or indirectly owning or controlling Tenant, or (ii) any guarantor of this Lease,
or (b) Tenant’s obligations under this Lease are taken over or assumed in consideration of Tenant leasing space in another office building. The transfer of the publicly traded outstanding capital stock of any such parties through the
“over-the-counter” market or any recognized national securities exchange shall not constitute a Transfer. 
  
 8.3 If at any time during the Term Tenant desires to engage in a Transfer of all or any portion of the Premises which is more than a full floor or greater
than 27,000 square feet on multiple floors, Tenant shall give Landlord written notice of such intent along with the amount and location of the space to be transferred. Landlord shall have fifteen (15) days after receipt of such notice from Tenant to
notify Tenant in writing that Landlord elects to recapture the space which is the subject of the proposed Transfer. If Landlord fails to respond to Tenant’s notice 

  

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within such fifteen (15) day period, Tenant may deliver a second notice to Landlord of Tenant’s desire to engage in a Transfer of all or a portion of
the Premises which notice shall be captioned in all capital letters “FAILURE TO RESPOND SHALL CONSTITUTE WAIVER OF LANDLORD’S INITIAL RECAPTURE RIGHT”. If Landlord fails to reply to the second notice within five (5) days following
such second notice, Landlord shall be deemed to have waived Landlord’s right to recapture (except as set forth below). If Tenant then negotiates a Transfer with a potential transferee or subtenant (the “Transferee”), Tenant shall give
Landlord written notice no later than fifteen (15) days in advance of the proposed effective date of the Transfer specifying the name and business of the Transferee, the amount and location of the space proposed to be subleased, the proposed
Transferee’s financial statements, the proposed terms of the Transfer and other information as Landlord may reasonably request to evaluate the proposed Transfer. For Transfers that are not Permitted Transfers (defined below), Landlord shall
have fifteen (15) days following receipt of such notice and other information requested by Landlord to notify Tenant in writing that Landlord elects to: (i) permit Tenant to engage in such Transfer which permission may be conditioned on
Landlord’s receipt of fifty percent (50%) of Bonus Rent (defined as rent received by Tenant from such assignee or sublessee in excess of the rent paid by Tenant hereunder after deducting reasonable attorneys’ fees, brokerage commissions,
any tenant improvement costs and other reasonably related costs) received by Tenant for any Transfer of all or any portion of the Premises; (ii) in the event such Transfer transfers more than a full floor of the Premises (or more than 27,000
rentable square feet on multiple floors) for substantially all of then remaining Term, to recapture and terminate this Lease with respect to any space that is the subject of the Transfer provided Landlord subsequently leases the space that was the
subject of the Transfer to the proposed Transferee on terms substantially similar to the terms of the proposed Transfer with such Transferee (notwithstanding the foregoing, if the proposed Transferee is Hyperion Solutions Corporation
(“Hyperion”) then Landlord may exercise its right to recapture as provided herein without having to enter into a lease with Hyperion); or (iii) reasonably withhold consent to such Transfer. If Landlord fails to timely respond, Tenant may
deliver a second notice to Landlord of Tenant’s desire to so transfer the Premises or a portion thereof, which notice shall be captioned in all capital letters “FAILURE TO RESPOND SHALL CONSTITUTE DEEMED CONSENT”. If Landlord fails to
consent or refuse consent within five (5) Business Days following such second notice, Landlord shall be deemed to have elected the option set forth in clause (i) of the immediately preceding sentence. Notwithstanding anything contained herein to the
contrary, if Tenant did not send written notice to Landlord at the time Tenant was initially contemplating a Transfer or if the space that Tenant wishes to Transfer was not the space described in Tenant’s initial notice to Landlord,
Landlord’s right of recapture set forth in (ii) above shall not be conditioned upon Landlord leasing the Transfer space to the proposed Transferee. If Landlord exercises a right of recapture pursuant to this Section 8.3, Rent payable by Tenant
hereunder shall be appropriately reduced to reflect the smaller square footage of the Premises. 
  
 Landlord may reasonably refuse to consent to a Transfer if (a) the proposed Transferee is an assignee and not financially creditworthy or the proposed
Transferee is a governmental authority or agency, an organization or person enjoying sovereign or diplomatic immunity, a medical or dental practice, a so-called “telecommunication service provider” for housing equipment rather than general
office use, a current tenant or subtenant of the Project or a prospective tenant to whom Landlord has made a written offer to lease space in the Project and 

  

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with whom Landlord is in active negotiations, unless Landlord shall not have premises available to offer to such current or prospective tenant at the time,
which are reasonably comparable to the space subject to the proposed Transfer, (b) an Event of Default by Tenant then exists under this Lease, (c) such assignment or subletting would cause a default by Landlord under another lease in the Project
with respect to a ordinary and customary provision of such lease, including, but not limited to, a restrictive use, exclusive or non-competition provisions, or a violation of any Requirement, or (d) any portion of the Project or Premises would
likely become subject to additional or different Requirements as a consequence of the proposed assignment or subletting; provided, however, that the foregoing are merely examples of reasons for which Landlord may withhold its approval and shall not
be deemed exclusive of any reasons for reasonably withholding approval, whether similar or dissimilar to such examples. In the event Tenant intends to offer the Premises or any portion there of for sublease or to assign the Lease, upon Tenant’s
written request therefore, Landlord shall provide Tenant with a list of any restrictive use provisions and/or exclusive or non-competition provisions contained in any then existing leases for any portion of the Project. 
  
 Tenant shall deliver to Landlord copies of all assignment or sublet documents
executed in connection with any Permitted Transfer that relate to this Lease or other documents necessary to show the occurrence of such Transfer. 
  
 No Transfer shall relieve Tenant from any covenant, liability or obligation hereunder (whether past, present or future) and Tenant shall remain liable
under this Lease as a principal and not as a surety. Landlord’s consent to a Transfer shall not be deemed a consent to any subsequent Transfer. No acceptance by Landlord of any Rent or any other sum of money from any Transferee shall be deemed
to constitute Landlord’s consent to any Transfer. Any attempted Transfer by Tenant in violation of this Article 8 shall be void. Tenant shall pay to Landlord, as Additional Rent, reasonable and customary third party legal fees incurred by
Landlord in connection with any proposed Transfer (including a Permitted Transfer) requested or made. 
  
 8.4 Notwithstanding anything to the contrary in this Article 8, Tenant may without the requirements of prior notice to Landlord or of Landlord’s
consent, without Landlord’s recapture right and without Landlord’s right to participate in any Bonus Rent, sublet all or part of the Premises, or assign this Lease to: (a) any entity which controls Tenant, is controlled by Tenant or is
under common control with Tenant; (b) a successor corporation or other entity into which or with which Tenant is merged or consolidated; or (c) an entity which acquired substantially all of Tenant’s assets (the activities described herein are
referred to herein as “Permitted Transfers”); provided that (i) such successor entity assumes all of the obligations and liabilities of Tenant and, except in the case of a Transfer made pursuant to subsection (a) above, has a tangible net
worth at least equal to the lesser of (1) the tangible net worth of Tenant as of the date immediately prior to such Transfer or (2) the tangible net worth of Tenant as of the Effective Date; and (ii) Tenant shall provide notice to Landlord of the
transfer within ten (10) days of the date of the Transfer. For purposes hereof, “control” shall mean ownership of at least 51% of all the economic, ownership and voting interests in such entity. 
  

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 ARTICLE 9 
  
 REPAIRS 
  
 9.1 Tenant shall keep the Premises (including the electrical, plumbing, heating, life safety, ventilation and air conditioning systems, the roof membrane,
the elevator cabs and equipment (including shafts), the Leasehold Improvements, the Premises Improvements and any Alterations whether or not installed by or for Tenant) that are not the obligation of Landlord to maintain hereunder in good order and
in a safe, neat and clean condition, subject to reasonable wear and tear and the terms of Articles 15 and 16 below. Notwithstanding the foregoing, Landlord agrees, if requested by Tenant, to assign to Tenant (without recourse or, if not assignable,
to make good faith diligent efforts to enforce on Tenant’s behalf, provided Landlord shall not be required to incur out of pocket costs) any warranties and other rights Landlord may have against any third party related to elements of the
Premises that Tenant is required to maintain hereunder while reserving to itself the right to enforce such warranties and rights following the termination of this Lease and with respect to those elements that Landlord is required to maintain
hereunder. Tenant hereby indemnifies and holds Landlord harmless from any cost, damage or loss due to Tenant’s acts or omissions with respect to such warranties and rights. Notwithstanding anything to the contrary contained herein, in the event
that any of the roof membrane, window seals and glass systems, core building heating, ventilation and air conditioning system, supplemental heating, ventilation and air conditioning systems existing as of the Effective Date, the elevator systems,
core building electrical service system, or core building plumbing system servicing the Premises or the Project (collectively, the “Core Building Systems”) require replacement, rather than repair and maintenance (other than as a result of
improper maintenance, misuse or abuse by Tenant), upon Tenant’s request therefor, Landlord shall replace such Core Building System and the cost of such replacement shall be an Operating Cost, subject to the terms set forth in the definition of
Operating Costs with respect to such Core Building Systems. All maintenance and repairs made by Tenant shall be performed in a good and workmanlike manner and in accordance with the alteration provisions of Article 10. In addition, except as
provided in Sections 9.2, 9.3 and 9.4, Tenant shall, at, its expense and pursuant to the terms and conditions of this Lease, promptly and adequately repair all damage to the Premises and replace or repair all damaged, broken, or worn elements of the
Premises that are not Landlord’s obligation to maintain pursuant to Sections 9.2, 9.3 and 9.4 below, excepting ordinary wear and tear and subject to the terms of Articles 15 and 16 below. Notwithstanding anything to the contrary contained
herein, at Landlord’s option, if Tenant fails to commence to maintain the Premises or make repairs and replacements as required under this Section 9.1 within thirty (30) days following written notice to Tenant from Landlord (except in the case
of an emergency, when no such notice shall be required) and thereafter diligently and continuously complete such maintenance, repairs or replacements, Landlord may deliver a second notice to Tenant, which notice shall be captioned in all capital
letters “FAILURE TO RESPOND MAY RESULT IN LANDLORD COMMENCING REPAIRS”. If Tenant fails to commence such repairs within five (5) Business Days following such a second notice, Landlord may, but need not, perform such maintenance or make
such repairs and replacements, and Tenant shall pay Landlord the cost Landlord incurred in connection therewith, within thirty (30) days after Landlord’s written demand. 
  

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 9.2 Subject to the provisions of Article 15 and Article 16, Landlord shall maintain, repair and replace,
at its sole cost and expense, and not as an Operating Cost, the structural elements of the Project consisting of the foundations, roof structures, column beams, load bearing and exterior walls and structural elements of the Building and the
foundations, column beams, load bearing walls and structural elements of the Underground Parking Areas and any future multi-floor parking structure on the Project. Except as set forth in the immediately preceding sentence and subject to the
limitations set forth in the definitions concerning capital improvements and structural elements, in addition to Landlord’s obligations with respect to Core Building Systems as set forth in Section 9.1 above, Landlord shall maintain and repair
the Common Areas of the Project, the cost of which shall be reimbursed as an Operating Cost. 
  
 9.3 Landlord agrees to deliver the Premises to Tenant on the Commencement Date in a “broom clean” condition with Landlord’s Work Substantially Completed (and all materials and debris resulting from
Landlord’s Work removed from the Premises), with the Core Building Systems in good working order and repair and with the Premises watertight (the “Delivery Condition”). Tenant shall inform Landlord in writing of all failures of the
Delivery Condition discovered by Tenant promptly following discovery thereof. Any claim based on a failure of a Delivery Condition must be asserted in a written notice by Tenant to Landlord given before the one hundred eightieth (180th) day following the Commencement Date hereof (the “Warranty Date”), and, if not asserted in writing before the
Warranty Date, from and after the Warranty Date such claim shall be void and of no force or effect. Notwithstanding anything to the contrary contained herein, Tenant acknowledges and agrees that Landlord’s sole liability with respect to any
failure of a Delivery Condition shall be (i) to cause the Premises to be placed in the Delivery Condition, or (ii) for the cost thereof pursuant to the next proceeding sentence. If Landlord fails to commence correcting any failure of a Delivery
Condition within thirty (30) days after receipt of notice from Tenant given on or before the Warranty Date, Tenant shall have the right, but not the obligation, to perform such work and charge Landlord the reasonable cost therefore, which Landlord
shall pay within thirty (30) days of receipt of the invoice. Except as expressly set forth herein, Tenant hereby waives any and all rights under and benefits of subsection 1 of Section 1932 and Sections 1941 and 1942 of the California Civil Code or
under any similar law, statute, or ordinance now or hereafter in effect. 
  
 9.4 Landlord represents and warrants to Tenant that if based upon current interpretations of Requirements as of the Commencement Date, the Premises (exclusive of furniture and equipment) fail to comply with
Requirements, including, without limitation, the Americans with Disabilities Act (the “ADA”), Landlord will be solely responsible, at its cost, and not as an Operating Cost, to correct such violation of the Requirements. Notwithstanding
the foregoing, Tenant shall be responsible for the cost of compliance with Requirements triggered by Tenant’s particular use of the Premises, Tenant’s construction or alteration thereof, Tenant’s breach of this Lease or future
interpretations of or changes to Requirements to the extent that such compliance would not otherwise be Landlord’s obligation under the terms of Sections 9.2 or 9.3 above; provided, in no event shall Tenant be responsible for any alterations to
the Premises that are Landlord’s obligation to perform under the terms of Section 9.2 above. Tenant shall inform Landlord in writing of all breaches of Requirements that are Landlord’s obligation to correct that are discovered by Tenant
promptly following discovery thereof. Notwithstanding anything to the contrary contained herein, Tenant acknowledges and agrees that Landlord shall not be liable for any damages incurred by Tenant due to a failure of the Premises to comply with
Requirements as the Requirements are interpreted as of the date of this Lease. 
  

 14 

 9.5 Landlord shall, at Landlord’s sole cost and expense, perform, or cause to be performed, the work
(“Landlord’s Work”) as provided in the plans to be prepared by Landlord and submitted to and approved by Tenant, which approval shall not be unreasonably withheld, conditioned or delayed. The parties hereto agree that the basic scope
of the Landlord’s Work is as set forth on Exhibit H, and that both parties agree to such scope of work. Landlord’s plans and all design and construction of Landlord’s Work shall comply with all applicable statutes, ordinances,
regulations, laws, codes and industry standards. Tenant shall review and approve each set of plans for Landlord’s Work (which may be presented separately for each element) within three (3) days of Landlord’s submission thereof. If Tenant
does not respond to said plans within such three (3) day period, Tenant’s approval shall be deemed given. If Landlord is required to resubmit any plans as the result of Tenant’s review, Tenant shall indicate its acceptance or rejection of
the revised plans within two (2) days following receipt by Tenant. If Tenant does not respond to the revised plans within such two (2) day period, Tenant’s approval shall be deemed given to said revised plans. 
  
 ARTICLE 10 
  
 ALTERATIONS 
  
 10.1 The parties acknowledge that Tenant shall perform certain Leasehold
Improvements as defined in the Work Letter attached hereto as Exhibit D. Except for the Leasehold Improvements, which shall be governed by the terms and conditions of the Work Letter and not this Article 10, Tenant shall not make any alterations,
improvements, additions or repairs (including without limitation, Major Alterations, collectively “Alterations”) to the Premises without first obtaining Landlord’s written consent thereto, which consent shall not be unreasonably
withheld, conditioned or delayed; provided, however, (1) that Landlord may withhold its consent in its sole discretion to any Alterations which (a) are visible from the exterior of the Building or the Project, (b) may affect the Core Building
Systems or any structural components of the Building, or (c) are prohibited by any Requirements (individually and collectively, a “Major Alteration”) and (2) Landlord’s consent is not required for Permitted Alterations. As used
herein, “Permitted Alterations” means Alterations (a) that are not Major Alterations and (b) that cost less than one hundred thousand and 00/100 dollars ($100,000.00) for each project. Tenant may perform Permitted Alterations so long as
Tenant informs Landlord in reasonable detail of the nature of the Permitted Alteration and otherwise complies with the provisions of this Article 10. Landlord may require that any alterations that affect the Core Building Systems or the structural
components of the Building be performed by a contractor approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed. 
  
 10.2 Prior to commencing any Alteration other than a Permitted Alteration, Tenant shall submit detailed plans and specifications for Landlord’s
review and approval. Landlord shall notify Tenant of its approval or disapproval of such plans and specification and the work described therein within fifteen (15) Business Days of receipt thereof. Landlord shall state in 

  

 15 

 
writing and in reasonable detail any objection to such Alteration. Tenant may revise its plans and specifications to incorporate such comments and, if Tenant
does so, it may again request Landlord’s consent pursuant to the process described above. Neither approval of the plans and specifications nor supervision of the Alteration by Landlord shall constitute a representation or warranty by Landlord
as to the accuracy, adequacy, sufficiency or propriety of such plans and specifications or the quality of workmanship or the compliance of such Alteration with Requirements. If Tenant desires to revise any plans and specifications to any material
extent after obtaining Landlord’s approval thereof, Tenant shall re-submit such plans and specifications to Landlord for its approval as provided above. 
  
 10.3 All Alterations shall (a) be performed in such a manner as to maintain harmonious labor relations; (b) performed in compliance with good construction
safety practices; (c) comply with all applicable Requirements; (d) be completed promptly and in a good and workmanlike manner and in accordance with the plans and specifications reasonably approved by Landlord, if required; (e) not unreasonably
disturb Landlord or other tenants in the Project; (f) be performed at Tenant’s sole cost and expense; (g) be performed pursuant to validly issued building and construction permits; and (h) be performed by contractors and subcontractors
reasonably approved by Landlord prior to the commencement of such work who possess the requisite experiences, personnel, financial strength and other resources necessary to perform and complete the proposed Alteration in a good and workmanlike lien
free manner while preserving all existing warranties related to the Premises of which Landlord has informed Tenant in writing. After completion of any Alterations, Tenant will deliver to Landlord (1) a copy of “as built” plans and
specifications depicting and describing such Alterations and (2) final sworn owners and contractors’ statements and unconditional, full and final lien waivers covering all labor and materials included in such Alteration. During the performance
of any Alterations, Tenant shall maintain, and shall cause its contractors to maintain, the insurance coverage described in Section 14.1A(v). 
  
 10.4 Each Alteration made by Tenant in or upon the Premises (excepting only Tenant’s furniture, equipment and trade fixtures), whether temporary or
permanent in character, shall remain upon the Premises and shall become Landlord’s property at the expiration or sooner termination of this Lease without compensation to Tenant; provided, however, that Landlord shall have the right to elect at
the time Landlord gives its consent for such Alteration to require Tenant to remove that Alteration immediately prior to the termination of this Lease. Landlord shall inform Tenant at the time Landlord consents to any Alteration whether Landlord
shall require removal of such Alteration at the expiration or termination of this Lease. In addition, upon Tenant’s request regarding specific Permitted Alterations by Tenant (whether existing or contemplated), Landlord shall inform Tenant if
Landlord will require Tenant to remove such Permitted Alterations at the expiration or earlier termination of this Lease. In either such instance, Landlord shall require only the removal of specialized Alterations which would be of limited utility
to a successor user of the Premises. Tenant shall, at its cost and expense, effect such removal and restore the Premises to the condition substantially similar to that existing immediately prior to the construction of the Alteration on or before the
expiration or termination of this Lease, subject to normal wear and tear and the terms of Article 15 and 16 below. The provisions of this Section 10.4 shall survive the expiration or any earlier termination of this Lease. 
  

 16 

 ARTICLE 11 
  
 LIENS 
  
 Tenant shall keep the Project free from any liens arising from any work performed, materials furnished, or obligations incurred by, or on behalf of
Tenant. If any lien is filed, such lien shall encumber only Tenant’s interest in the Leasehold Improvements and Alterations on the Premises. Within twenty (20) days after the filing of any such lien, Tenant shall notify Landlord of such lien.
Tenant shall, within twenty (20) days of the filing of such lien, either (i) discharge and cancel such lien of record, (ii) contest the same with diligence, in good faith and in accordance with applicable Requirements and post a bond sufficient
under the laws of the State of California to release the lien, or (iii) contest the same with diligence, in good standing and in accordance with applicable Requirements and obtain a title insurance endorsement for the Project insuring over the lien
(together with the costs of defense) in a form and from a title insurance company reasonably acceptable to Landlord or its Secured Party. If Tenant fails to timely satisfy its obligations set forth in the previous sentence within the time periods
set forth herein, Landlord may, but is not required to, post a bond, and Tenant shall reimburse Landlord within three (3) Business Days after notice to Tenant, as Additional Rent, for all amounts so paid by Landlord, including expenses and
attorneys’ fees, together with interest thereon until paid at the Interest Rate. 
  
 ARTICLE 12 
  
 USE AND COMPLIANCE; HAZARDOUS SUBSTANCES 
  
 12.1 The Premises shall be used only for Tenant’s Permitted Use and for no other purposes whatsoever. 
  
 12.2 Subject to the terms of Article 9 hereof, including Landlord’s obligations set forth in Sections 9.1, 9.2, 9.3 and 9.4, Tenant shall, at
Tenant’s sole expense, comply with all Requirements concerning Tenant’s particular use of the Premises and indemnify and hold Landlord and the Landlord Parties harmless from any losses, damages, costs, claims or expenses including all
reasonable attorneys’ fees and consultant fees (collectively, “Claims”) which the Landlord Parties incur or suffer by reason of Tenant’s failure to comply with such obligations. If Tenant receives notice of any violation of any
Requirements, Tenant shall promptly notify Landlord in writing of such alleged violation and furnish Landlord with a copy of such notice. Except as set forth in that certain ADA Due Diligence Review for 3Com Pal Site Buildings 8, 9 & 10 dated
May 11, 2004 prepared by Studios Architecture, Property Condition Evaluation dated April 30, 2004 prepared by EMG, Seismic Risk Assessment dated April 30, 2004 prepared by EMG, Phase I Environmental Site Assessment dated April 30, 2004 prepared by
Arcadis G&M, Inc., Phase I Environmental Site Assessment dated October 10, 2001 prepared by LFR (Levine Fricke) and Environmental Impact Report PAL Site Expansion Project dated December 1996 prepared by Environ Corporation, Wetlands Research
Associates and H.T. Harvey & Associates, Barton-Aschman Associates, Inc., and Donald Ballanti, to Landlord’s actual knowledge, as of the Effective Date, there are no Hazardous Substances present in, on, under or about the Premises or the
Project in violation of Requirements, and no action, proceeding, or claim is 

  

 17 

 
pending concerning any Hazardous Substances or pursuant to any Hazardous Substances Requirements. Landlord shall defend, indemnify and hold Tenant harmless
from and against all reasonable investigation and remediation costs in connection with the presence of any Hazardous Substances existing in, on, under or about the Premises or the Project prior to the Effective Date. 
  
 12.3 Except for amounts of Hazardous Substances (as hereinafter defined)
which are a part of or contained in customary office and janitorial and maintenance supplies and/or equipment, and with Landlord’s prior written consent (not to be unreasonably withheld, conditioned or delayed) such other Hazardous Substances
as may be necessary for or appropriate to any of the Permitted Uses, and in each case only if used, stored and disposed of in accordance with the manufacturer’s instructions and all applicable Requirements, Tenant shall not, nor shall Tenant
permit the Tenant Parties to, use, store, generate, treat, release or dispose any Hazardous Substance at, on or under the Project. Landlord hereby consents to Tenant’s use of the Hazardous Substances described on Exhibit I hereto in the
quantities specified on Exhibit I. Tenant shall indemnify, defend and hold the Landlord Parties harmless from all Claims arising from or attributable to any breach by Tenant of the covenants contained in this Section 12.3, as well as the use of any
Hazardous Substances as permitted by this Section 12.3. Tenant’s indemnification obligations hereunder shall survive the termination or expiration of this Lease. 
  
 12.4 The Tenant Parties shall comply with all reasonable Rules and Regulations. Landlord shall at all times have the right,
upon not less than five (5) Business Days prior written notice to Tenant, to make reasonable changes and additions to such Rules and Regulations. Any failure by Landlord to enforce any of the Rules and Regulations now or hereafter in effect, either
against Tenant or any other tenant in the Building, shall not constitute a waiver of any such Rules and Regulations. Landlord shall not be liable to Tenant for the failure or refusal by any other tenant, guest, invitee, visitor, or occupant of the
Building to comply with any of the Rules and Regulations provided Landlord shall use reasonable efforts to enforce the Rules and Regulations. Landlord shall not enforce such Rules and Regulations against the tenants of the Project on a
discriminatory basis. 
  
 ARTICLE 13 
  
 DEFAULT AND REMEDIES 
  
 13.1 The occurrence of any one or more of the following events shall
constitute an “Event of Default” under this Lease: (a) Tenant fails to pay any Rent hereunder as and when such Rent becomes due and such failure shall continue for more than five (5) days after written notice from Landlord that the same is
due; (b) the Premises become abandoned for more than fourteen (14) consecutive days as such abandonment may be determined pursuant to the terms of California Civil Code Section 1951.3; (c) Tenant permits to be done anything which creates a lien upon
the Premises and fails to satisfy its obligations as required by Article 11; (d) Tenant violates the provisions of Article 8 by making an unpermitted Transfer which is not cured within thirty (30) days of notice thereof; (e) Tenant fails to maintain
in force all policies of insurance required by this Lease and such failure shall continue beyond the earlier to occur of (i) the lapse of such policy and (ii) ten (10) days after Landlord gives Tenant notice of such failure; (f) any petition is
filed by or against Tenant or any guarantor of this Lease under any present or future 

  

 18 

 
section or chapter of the Bankruptcy Code, or under any similar law or statute of the United States or any state thereof (which, in the case of an
involuntary proceeding, is not permanently discharged, dismissed, stayed, or vacated, as the case may be, within sixty (60) days of commencement), or if any order for relief shall be entered against Tenant or any guarantor of this Lease in any such
proceedings; (g) Tenant or any guarantor of this Lease becomes insolvent or makes a transfer in fraud of creditors or makes an assignment for the benefit of creditors; (h) a receiver, custodian, or trustee is appointed for the Premises or for all or
substantially all of the assets of Tenant or of any guarantor of this Lease, which appointment is not vacated within sixty (60) days following the date of such appointment; or (i) Tenant fails to perform or observe any other terms of this Lease
(other than those specified above in this Section 13.1) and such failure continues for more than thirty (30) days after Landlord gives Tenant written notice of such failure in the case of a non-emergency, or immediately in the case of an emergency,
or, if such non-emergency failure cannot be corrected within such thirty (30) day period, if Tenant does not commence to correct such failure within said thirty (30) day period and thereafter diligently prosecute the correction of same to completion
within an additional period of time reasonably necessary to correct such failure, but not to exceed an additional ninety (90) days. Any notice given by Landlord pursuant to this Section 13.1 may be the notice required or permitted pursuant to
Section 1161 et seq. of the California Code of Civil Procedure or successor statutes, provided the provisions of such statutes are followed, as may be modified herein, and the provisions of this Lease shall not require the giving of a notice in
addition to such statutory notice to terminate this Lease and Tenant’s right to possession of the Premises. 
  
 13.2 During the continuance of any Event of Default, Landlord may pursue at its option any one or more of the following without further notice or demand
to Tenant, Tenant hereby expressly waiving the requirement of service of any statutory notice or demand as a condition precedent to Landlord’s exercising any of the following rights: 
  
 A. Landlord may, at its option, terminate this Lease by
written notice to Tenant and recover possession of the Premises. Following such termination, Landlord may recover from Tenant damages arising from the Event of Default and the termination of this Lease, including without limitation the following:

  

	 	(i)	The Worth at the Time of Award of the unpaid Rent which had been earned at the time of termination; plus 

  

	 	(ii)	The Worth at the Time of Award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss
that Tenant proves could have been reasonably avoided; plus 

  

	 	(iii)	The Worth at the Time of Award of the amount by which the unpaid Rent for the balance of the Term after the time of award exceeds the amount of such rental loss that Tenant proves
could be reasonably avoided; plus 

  

	 	(iv)	Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or which in the
ordinary course of things would be likely to result therefrom; plus 

  

 19 

	 	(v)	At Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by the laws of the State in which the Project is
located. 

  
 As used in subsections (A)(i) and (ii)
above, the “Worth at the Time of Award” shall be computed by allowing interest at the Interest Rate. As used in subsection (A)(iii) above, the “Worth at the Time of Award” shall be computed by discounting such amount at the
discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%); or 
  
 B. Exercise the remedy, described in California Civil Code 1951.4 (Landlord may continue the lease in effect after lessee’s breach
and abandonment and recover rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable limitations); or 
  
 C. Apply against any amounts owed by Landlord to Tenant, any amounts then due and payable by Tenant to Landlord; or 
  
 D. At its option, but without any obligation, perform any
obligation of Tenant under this Lease and, if Landlord so elects, all costs and expenses reasonably incurred by Landlord in performing such obligations, together with interest thereon at the Interest Rate from the date incurred until paid in full,
shall be reimbursed by Tenant to Landlord on demand and shall be considered Rent for purposes of this Lease. 
  
 13.3 No agreement to accept a surrender of the Premises and no act or omission by Landlord or Landlord’s agents during the Term shall constitute an
acceptance or surrender of the Premises unless made in writing and signed by Landlord. No re-entry or taking possession of the Premises by Landlord shall constitute an election by Landlord to terminate this Lease unless a written notice of such
intention is given to Tenant. No provision of this Lease shall be construed as an obligation upon Landlord to mitigate Landlord’s damages under the Lease, except to the extent required by applicable Requirements, including, but not limited to,
California Civil Code Section 1951.2. 
  
 13.4 No provision of
this Lease shall be deemed to have been waived by Landlord unless such waiver is in writing and signed by Landlord. Landlord’s acceptance of Rent following an Event of Default hereunder shall not be construed as a waiver of such Event of
Default. No custom or practice between the parties in connection with the terms of this Lease shall be construed to waive or lessen each party’s right to insist upon strict performance of the terms of this Lease, without a written notice
thereof to the other party. 
  
 13.5 The rights granted to
Landlord in this Article 13 shall be cumulative of every other right or remedy provided in this Lease or which Landlord may otherwise have at law or in equity or by statute, and the exercise of one or more rights or remedies shall not prejudice or

  

 20 

 
impair the concurrent or subsequent exercise of other rights or remedies or constitute a forfeiture or waiver of Rent or damages accruing to Landlord by
reason of any Event of Default under this Lease. Tenant agrees to pay to Landlord all costs and expenses incurred by Landlord in connection with an Event of Default and the enforcement of this Lease, including all attorneys’ fees incurred in
connection with the collection of any sums due hereunder or the enforcement of any right or remedy of Landlord. 
  
 13.6 Tenant waives all rights of redemption or relief from forfeiture under California Code of Civil Procedure Sections 1174 and 1179, and under any other
present or future law, in the event Tenant is evicted or Landlord otherwise lawfully takes possession of the Premises by reason of any default by Tenant. 
  
 ARTICLE 14 
  
 INSURANCE 
  
 14.1 A. Tenant shall obtain and keep in force during the Term the following insurance: (i) “Special Form” insurance insuring the Leasehold
Improvements and any other tenant improvements existing in the Premises (collectively, with the Leasehold Improvements the “Premises Improvements”), and all property located in the Premises, including telephone and other equipment,
supplies, computer systems, trade fixtures, furniture, furnishings and other items of personal property (“Tenant’s Property”) and all Alterations, in an amount equal to the full replacement value; (ii) Business Interruption insurance
in an amount that will reimburse Tenant for direct or indirect loss of earnings attributable to all perils insured against under Section 14.1A(i); and sufficient to reimburse Tenant for Rent for a period of two years in the event of a casualty to,
or temporary taking of, the Project, Building or the Premises; (iii) Commercial General Public Liability insurance including personal injury, bodily injury, broad form property damage, products and completed operations liability, contractual
liability, coverage to include contractors and subcontractors, with a cross liability clause and a severability of interests clause, in limits not less than $5,000,000.00, inclusive, per occurrence; (iv) Workers’ Compensation, in form and
amount as required by applicable Requirements, including Employer’s Liability insurance of not less than $1,000,000.00; (v) during the time Tenant, or its contractor, performs any Alterations in the Premises (other than in connection with the
construction of Leasehold Improvements, in which case the provisions of the Work Letter shall apply), Builder’s Risk insurance on an “Special Form” basis (including collapse) on a completed value (non-reporting) form for full
replacement value covering all work incorporated in the Project and all materials and equipment in or about the Premises; (vi) Tenant’s “Special Form” Legal Liability insurance with limits not less than $1,000,000; (vii) Automobile
Liability covering all owned (if applicable), leased, non-owned, hired, rented or borrowed vehicles and related equipment with limits of $1,000,000.00 for bodily injury and property damage combined; and (viii) any other form or forms of insurance or
any changes or endorsements to the insurance required herein as Landlord, or any mortgagee or lessor of Landlord, may reasonably require, from time to time, in form or in amount that are reasonable and customary in the Market Area for tenants in
buildings comparable to the Building. 
  

 21 

 B. All such policies of insurance shall name Tenant as the insured thereunder and (except
for the insurance described in Section 14.1A(iv)) shall name Landlord, the Building’s property manager and other parties identified by Landlord such as mortgagees and ground lessors (herein, such mortgagees, secured lenders and ground lessors
are collectively referred to as “Secured Parties”), as additional insureds with respect to the Commercial General Public Liability insurance described in Section 14.1(A)(iii) above, all as their respective interests may appear. The
insurers will have a Best’s Rating of A-VI or better and the deductibles shall be reasonable and customary for companies comparable to Tenant. Tenant shall deliver to Landlord certificates and/or binders of such insurance by the Commencement
Date and, with respect to renewals of such policies, not later than one (1) Business Day prior to the end of the expiring term of coverage. All policies of insurance shall be primary and Tenant shall not carry any separate or additional insurance
concurrent in form or requiring contribution in the event of any loss or damage with any insurance maintained by Landlord. All such policies and certificates shall contain an agreement by the insurers (i) that the policies will not be invalidated as
they affect the interests of the additional insureds by reason of any breach or violation of warranties, representations, declarations or conditions contained in the policies by Tenant and (ii) that the insurers shall provide Landlord with not less
than thirty (30) days prior written notice of any material reduction in coverage, termination or cancellation (ten (10) days for non-payment of premium) of such policies and (iii) waiving any rights of subrogation. 
  
 14.2 Landlord shall obtain “Special Form” property insurance on the
Project (other than Premises Improvements and Tenant’s Property), including for risk of earthquake and flood if Landlord desires, against damages or loss in an amount equal to the full replacement value, as well as commercial general public
liability insurance and such other insurance as is reasonably required by Landlord or customarily maintained by prudent owners of Class A Buildings in the Market Area, all in such amounts and with such insurers deductibles as Landlord reasonably
deems appropriate. 
  
 14.3 Tenant shall not conduct or knowingly
permit to be conducted in the Premises any activity, or place any equipment in or about the Premises or the Project, which will invalidate the insurance coverage in effect or increase the rate of “Special Form” property insurance or other
insurance on the Premises or the Project, and Tenant shall comply with all requirements and regulations of Landlord’s casualty and liability insurer. If any increase in the rate of property insurance or other insurance carried by Landlord
occurs due to any act or omission by any Tenant Parties (as defined below), Tenant shall pay for such increase as Additional Rent payable with the next monthly installment of Base Rent due under this Lease. 
  
 14.4 Landlord and Tenant, in the exercise of their commercial business
judgment, acknowledge that the use of insurance is the best way to protect against the risk of loss to their respective properties and economic interests in the Project and the Premises. Accordingly, each agree that in the event of loss or damage to
their respective properties or interests, such loss will be satisfied first by the insurance proceeds paid to the party suffering the loss, next such loss will be deemed satisfied by the insurance proceeds that would have been paid to the party
suffering the loss had the insurance required hereunder been carried by such party, and finally, except as 

  

 22 

 
otherwise provided in the succeeding sentence, such loss will be satisfied by the party causing the loss or damage. Without limiting the waiver of
subrogation required in Section 14.1B, if and to the extent that applicable Requirements permit a full waiver of claims between landlords and tenants in leases such as this Lease, then Landlord and Tenant waive all claims against the other and the
Tenant Parties and the Landlord Parties, respectively, for any loss, damage or injury, notwithstanding the negligence of either party in causing a loss or the availability of insurance proceeds. 
  
 ARTICLE 15 
  
 DAMAGE BY FIRE OR OTHER CAUSE 
  
 15.1 Except as otherwise expressly provided in this Article 15, if the
Building (or any portion thereof) or the Premises is damaged or destroyed during the Term, Landlord shall diligently repair or restore the Building or the Premises (exclusive of the Premises Improvements, Tenant’s Property and Alternations), as
the case may be, as soon as reasonably possible to substantially the condition in which the Building or the Premises, as the case may be, existed immediately prior to such damage or destruction (exclusive of the Premises Improvements, Tenant’s
Property and Alterations). Except as otherwise expressly provided in this Article 15, if the Premises (or any portion thereof) is damaged or destroyed during the Term, Tenant shall diligently repair or restore, in accordance with the provisions
governing Alterations as set forth in Section 10, the Premises Improvements, the Tenant’s Property and the Alterations in the Premises as soon as reasonably possible to substantially the condition in which such items existed immediately prior
to such damage or destruction. 
  
 15.2 Except as provided in this
Section 15.2, Landlord shall have no liability to Tenant for inconvenience, loss of business or annoyance arising from any casualty or any restoration. If the Premises (or any portion thereof) is not usable for Tenant’s business purposes
pending and during reconstruction as provided in Section 15.1, and in fact Tenant Ceases to Use the Premises (or the affected portion thereof), Rent due and payable hereunder shall equitably abate for the portion of the Premises which is unusable
and which Tenant has Ceased to Use for the period commencing with the date of such casualty until the earlier of the date (i) that is ninety (90) days after reconstruction of the Premises is substantially completed by Landlord to the extent required
to be completed by Landlord as provided in Section 15.1 or (ii) that Tenant resumes the conduct of its business from such portion of the Premises. 
  
 15.3 If there is damage or destruction to the Project (whether or not such damage affects the Premises) or to the Premises, to the extent that Landlord
reasonably determines that the Project or the Premises (exclusive of the Premises Improvements, Tenant’s Property and Alterations), as the case may be, cannot be fully repaired or restored within (i) three hundred sixty five (365) days from the
date of the casualty and occurs at any time during the Term or (ii) three (3) months from the date of the casualty and occurs during the last Lease Year of the Term, as the same may have been extended pursuant to Article 22 hereof, then, Landlord
(solely in the event the Premises are damaged or destroyed or if only other portions of the Project are damaged or destroyed, Landlord also terminates all other leases in the Project) and Tenant (solely in the event that the Premises is damaged or
destroyed) shall have the option, upon written notice 

  

 23 

 
delivered to the other party within fifteen (15) days of Tenant’s receipt of Landlord’s written notice of the length of such restoration (such
notice to be provided within sixty (60) days of such casualty), to terminate this Lease. If the restoration to the Project is prohibited by any Requirements or the insurance proceeds, including deductible amounts (subject to reimbursement pursuant
to the terms of Operating Costs), are insufficient or otherwise not available, then Landlord may elect to terminate this Lease upon giving written notice of such election to Tenant within sixty (60) days after such casualty. In the event that
Landlord declines to repair the Premises as a result of a shortage of insurance proceeds, Tenant may request from Landlord an estimate of the shortage of insurance proceeds. Within thirty (30) days of receipt of Landlord’s estimate, Tenant may
deposit with Landlord the funds set forth in such estimate, in which case, Landlord’s termination of the Lease shall be voided and Landlord shall proceed with such restoration as if there were no such shortage. After completion if the actual
costs exceed such estimate, Tenant shall pay Landlord such excess costs. In the event the restoration costs less than such estimate, Landlord shall refund any excess funds deposited by Tenant. 
  
 15.4 In the event of termination of this Lease pursuant to this Article 15,
then (1) all Rent shall be apportioned and paid to the later of the date on which possession is relinquished or the date of such damage (subject to abatement as set forth in Section 15.2), (2) Tenant shall immediately vacate the Premises as required
herein and (3) Tenant shall pay to Landlord that amount of Tenant’s insurance proceeds (or the amount which would have been received by Tenant if Tenant was carrying the insurance required by this Lease) which insures damage to the Premises
Improvements and Alterations, provided that Tenant make keep the unamortized value (amortized on a straight line basis over the Term) of Premises Improvement and Alterations constructed and paid for by Tenant. Tenant’s obligations under this
Section 15.4 shall survive the termination of this Lease. If neither Landlord nor Tenant timely elects to terminate this Lease, this Lease shall remain in full force and effect and the Project and Premises shall be diligently repaired and restored
in accordance with Section 15.1. 
  
 15.5 Tenant hereby waives
California Civil Code Sections 1932(2) and 1933(4), providing for termination of hiring upon destruction of the thing hired and Sections 1941 and 1942, providing for repairs to and of the Premises. 
  
 ARTICLE 16 
  
 CONDEMNATION 
  
 16.1 If the whole or substantially the whole of the Building or the Premises
are permanently taken or condemned by eminent domain or by any conveyance in lieu thereof (such taking, condemnation or conveyance in lieu thereof being hereinafter referred to as “condemnation”), the Term shall cease and this Lease shall
terminate on the date the condemning authority takes possession. 
  
 16.2 If as a result of any taking Landlord cannot within a reasonable time period provide Tenant (i) at or in the vicinity of the Project (defined as being within one-quarter [1/4] mile radius of the existing parking) with the number of
parking spaces required by local code for office space the size of the Premises or (ii) reasonable access to the Premises, then Landlord or 

  

 24 

 
Tenant shall have the right to terminate this Lease by written notice to the other party given within thirty (30) days after the date the condemning
authority takes possession. If any portion of the Project other than the Premises is permanently taken by condemnation, this Lease shall remain in full force and effect unless terminated pursuant to the other provisions of this Article 16.

  
 16.3 If a portion, but less than substantially the whole, of
the Premises shall be permanently taken by condemnation, then this Lease shall terminate as of the date the condemning authority takes possession as to the portion of the Premises so taken, and unless Landlord or Tenant exercises its option to
terminate this Lease pursuant to this Section 16.3, this Lease shall remain in full force and effect as to the remainder of the Premises. In the event that more than fifteen percent (15%) of the floor area of the Premises is permanently taken by
condemnation and Landlord does not provide Tenant with comparable replacement space at the Project, Tenant may terminate this Lease by written notice to Landlord given within thirty (30) days after the date the condemning authority takes possession.
If this Lease is not terminated pursuant to the provisions of this Article 16, then the Rent due and payable hereunder shall equitably abate for the portion of the Premises which is permanently condemned and not occupied for the period commencing
with the date possession of such portion of the Premises is given to the condemning authority. If all or any portion of the Premises shall be temporarily taken by condemnation, then this Lease shall remain in full force and effect and Tenant shall
continue to pay in full the Rent payable hereunder. In the event of such temporary condemnation, Tenant shall be entitled to appear in and claim any portion of the condemnation award for such temporary taking that represents compensation for
Tenant’s loss of use and occupancy of the Premises during the lesser of the period of the temporary taking or the Term of this Lease. Landlord shall be entitled to appear in and claim that portion of the condemnation award that represents the
cost of restoration of the Premises and the use or occupancy of the Premises after the end of the Term. 
  
 16.4 If this Lease terminates pursuant to the provisions of Article 16, the Rent shall be apportioned as of such date of termination; provided, however,
that those provisions of this Lease which are designated to cover matters of termination and the period thereafter shall survive the termination hereof. 
  
 16.5 Except as specifically provided herein, all compensation awarded or paid upon a condemnation of any portion of the Project shall belong to and be the
property of Landlord without participation by Tenant. Nothing herein shall be construed, however, to preclude Tenant from prosecuting any claim directly against the condemning authority for the unamortized value (amortized on a straight line basis
over the Term) of any Leasehold Improvements or Alterations paid for by Tenant, for loss of business, loss of good will, moving expenses, damage to, and cost of removal of, trade fixtures, furniture and other personal property belonging to Tenant.

  

 25 

 ARTICLE 17 
  
 INDEMNIFICATION 
  
 17.1 Tenant shall indemnify and save Landlord, the Secured Parties and the Landlord Parties harmless from and against all Claims brought by third parties
and that arise from Tenant’s or its subtenant’s, assignee’s, agent’s, licensee’s, contractor’s, subcontractor’s, officer’s, director’s, shareholder’s or employee’s (herein, Tenant and such other
parties are collectively referred to as the “Tenant Parties”) use and occupancy of the Premises and the Project or from any other activity, omission, work or thing done, permitted or suffered by Tenant or the Tenant Parties in or about the
Premises and the Project. If any such proceeding is filed by a third party against Landlord or any such indemnified party, Tenant agrees to defend Landlord or such party in such proceeding at Tenant’s sole cost by legal counsel reasonably
satisfactory to Landlord and such indemnified party, if requested by Landlord. In no event shall Tenant be obligated to indemnify Landlord or any of the other parties identified above for any willful or negligent act or omission of Landlord or such
other party. 
  
 17.2 Landlord shall indemnify and save Tenant and
the Tenant Parties harmless from and against all Claims brought by third parties and that arise from Landlord’s or its agent’s, licensee’s, contractor’s, subcontractor’s, officer’s, director’s, partner’s or
employee’s (herein, Landlord and such other parties are collectively referred to as the “Landlord Parties”) use and occupancy of the Premises and the Project or from any other activity, omission, work, or thing done, permitted or
suffered by Landlord or Landlord Parties in or about the Premises and the Project. If any such proceeding is filed by a third party against Tenant or any such indemnified party, Landlord agrees to defend Tenant or such party in such proceeding at
Landlord’s sole cost by legal counsel reasonably satisfactory to Tenant and such indemnified party, if requested by Tenant. In no event shall Landlord be obligated to indemnify Tenant or any of the other parties identified above for any willful
or negligent act or omission of Tenant or such other party. 
  
 17.3 The provisions of this Article 17 shall survive the expiration or termination of this Lease with respect to any Claims asserted against Landlord or Tenant within any applicable statute of limitations. 
  
 ARTICLE 18 
  
 SUBORDINATION 
  
 18.1 Unless elected otherwise by the ground lessee or Secured Party, as the
case may be, this Lease shall be subordinate to any present or future ground lease or mortgage respecting the Project, and any amendments thereto; provided the ground lessee or Secured Party recognizes the validity of this Lease and the Secured
Party agrees that, notwithstanding any default by Landlord with respect to said ground lease or mortgage or any termination or foreclosure thereof, Tenant’s possession and right of use under this Lease shall not be disturbed and the rights of
Tenant under this Lease in and to the Premises shall be recognized by such Secured Party unless and until an Event of Default shall have occurred hereunder. 
  

 26 

 If any ground lease is terminated or mortgage foreclosed or deed in lieu of foreclosure given, Tenant
shall attorn to such Secured Party or purchaser at such foreclosure sale and this Lease shall continue in effect as a direct lease between Tenant and such Secured Party or purchaser. The ground lessee or Secured Party or purchaser shall (i) be
liable as Landlord only for the obligations of Landlord accruing after such ground lessee or Secured Party or purchaser has taken fee title to the Building or Project and (ii) not be liable for (a) any Rent paid more than thirty (30) days in advance
or (b) any offsets, claims or defenses which Tenant may have against the previous Landlord. Tenant shall within ten (10) Business Days of request by Landlord or ground lessee, Secured Party or purchaser (in case of attornment), execute and deliver
to the requesting party a subordination, non-disturbance and attornment agreement in a form reasonably satisfactory to the requesting party, Tenant and Landlord. 
  
 18.2 Any ground lessee, Secured Party or purchaser shall be responsible for the return of any security deposit and Rent
voluntarily paid in advance by Tenant only to the extent the security deposit or Rent is received by or credited to such ground lessee, Secured Party or purchaser. 
  
 18.3 No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, or by law,
to be relieved of Tenant’s obligations hereunder or to terminate this Lease, shall result in a release of such obligations or a termination of this Lease unless (a) Tenant has given notice by registered or certified mail to any Secured Party
whose address shall have been furnished to Tenant, and (b) Tenant offers such Secured Party a reasonable opportunity to cure the default. 
  
 18.4 Landlord represents and warrants that on the Commencement Date, there shall be no indebtedness secured by a mortgage or deed of trust on
Landlord’s interest in the Project and that there is no other Secured Party with respect to the Project. 
  
 18.5 Tenant acknowledges that Landlord may in its sole discretion make the Project subject to reasonable and non-discriminatory restrictive covenants,
conditions, easements and other encumbrances (“Restrictive Covenants”). Subject to the provisions of Section 21.15 below, such Restrictive Covenants may not have a material adverse impact upon Tenant’s use and enjoyment of the
Premises or Common Areas or access to the Premises or reduce the number of parking spaces Tenant is entitled to use hereunder. This Lease shall be subordinate to any such Restrictive Covenants. Such subordination shall automatically be effective
without any action or notice to Tenant. 
  
 ARTICLE 19

  
 SURRENDER OF THE PREMISES AND HOLDOVER

  
 Upon the Expiration Date or earlier termination of
this Lease, Tenant, at Tenant’s sole cost and expense, shall peacefully vacate and surrender the Premises to Landlord in good order, broom clean and in the same condition as at the beginning of the Term or as the Premises may thereafter have
been improved by Landlord or Tenant (provided such Alterations were made with Landlord’s consent and not required to be removed pursuant to Section 10.4 or the Work 

  

 27 

 
Letter), reasonable use and wear thereof, repairs necessary due to casualty or condemnation (governed by Sections 15 and 16, respectively) or which are
Landlord’s obligations under Articles 9, 15 and 16 all being excepted, and Tenant shall comply with Section 10.4 relating to removal and restoration as well as remove all Tenant’s Property and Alterations that Landlord requires Tenant to
remove (other than those Alterations that Landlord agreed could remain pursuant to the terms of Section 10.4 above), and turn over all keys for the Premises to Landlord. Should Tenant continue to hold the Premises after the Expiration Date or
earlier termination of this Lease or Tenant’s right to possession without Landlord’s prior written consent, such holding over shall constitute and be construed as a tenancy at sufferance on the same terms hereof except monthly installments
of Base Rent shall be equal to one hundred fifty percent (150%) of the Base Rent in effect as of the date of termination, and (B) Tenant shall have no right to renew this Lease or to expand the Premises or any right to additional services. Tenant
shall also be liable to Landlord for any and all damages which Landlord suffers because of any holding over by Tenant without Landlord’s written consent. Upon Tenant’s request therefor, Landlord shall give Tenant written notice of whether
Landlord has prospective tenants or purchasers for the Premises. Any of Tenant’s Property not removed that Landlord’s requires to be removed or that is required to be removed pursuant to terms of this Lease, may be removed by Landlord and
stored, discarded, retained or sold by Landlord and the cost of such storage, discarding, removal and disposition as well as the cost of repairing any damage caused by such removal, shall be paid by Tenant within thirty (30) days of demand and such
sum shall accrue interest at the Interest Rate from the date incurred until paid in full. No acceptance of Rent payable pursuant to this Section 19 by Landlord shall operate as waiver of Landlord’s right to gain possession of the Premises or
any other remedy set forth herein. The provisions of this Article 19 shall survive the expiration or earlier termination of this Lease. 
  
 ARTICLE 20 
  
 SECURITY DEPOSIT 
  
 The Security Deposit shall be paid upon Tenant’s execution of this Lease and shall be held by Landlord as security for the performance of
Tenant’s obligations under this Lease. Unless required by applicable Requirements, Landlord shall not be required to keep the Security Deposit segregated from other funds of Landlord or to pay interest thereon. Tenant shall not assign or in any
way encumber the Security Deposit. During the continuance of any Event of Default by Tenant, Landlord may, without prejudice to any other remedy, use any portion of the Security Deposit to cure such default. Following any such application of all or
any portion of the Security Deposit, Tenant shall pay to Landlord, on demand, the amount so applied in order to restore the Security Deposit to its original amount. If no Event of Default is then continuing at the termination of this Lease, any
remaining balance of the Security Deposit shall be returned to Tenant, provided Tenant timely surrenders the Premises in accordance with Article 19 and appropriate reserves have been established by Landlord for Tenant’s Share of Operating Costs
accrued prior to the expiration or termination of this Lease. If Landlord transfers its interest in the Premises during the Term, Landlord shall assign the Security Deposit to the transferee, and thereafter Landlord shall have no further liability
to Tenant for the Security Deposit. 
  

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 ARTICLE 21 
  
 MISCELLANEOUS 
  
 21.1 Professional Fees. In any action or proceeding brought by either party against the other under this Lease, the prevailing party shall
be entitled to recover from the other party its professional fees for attorneys, appraisers and accountants, its investigation costs, and any other legal expenses and court costs incurred by the prevailing party in such action or proceeding.

  
 21.2 Reimbursements. Wherever this Lease
requires Tenant to reimburse or pay Landlord for the cost of any item or service (including the overseeing of Alterations performed by Landlord or Tenant other than Leasehold Improvements) except as a part of ordinary payments of Operating Costs,
Taxes or utility reimbursements, such costs will be the actual, reasonable costs of Landlord for such item or service plus an administrative fee not to exceed five (5%) of the cost of such item or service. All such charges shall be payable within
ten (10) days after written demand as Additional Rent. 
  
 21.3
Severability. Every provision in this Lease is, and shall be construed as, a separate and independent covenant. If any term of this Lease or the application thereof to any person or circumstances shall be invalid or unenforceable, the
remaining provisions shall not be affected. 
  
 21.4
Non-Merger. There shall be no merger of this Lease with any ground leasehold interest or the fee estate in the Project or any part thereof by reason of the fact that the same person may acquire or hold, directly or indirectly, this
Lease or any interest in this Lease as well as any ground leasehold interest or fee estate in the Project or any interest in such fee estate. 
  
 21.5 Landlord’s Liability. Notwithstanding anything to the contrary contained in this Lease, Landlord’s liability under this Lease
is limited solely to Landlord’s equity in the Project, and in no event shall recourse be had to any other property or assets of Landlord or against any member, partner, shareholder, trustee, officer or director of Landlord or any assets of such
parties. If Landlord shall at any time transfer its interest in the Project or this Lease, and to the extent the transferee assumes Landlord’s obligations and liabilities hereunder, Landlord shall be released of any obligations occurring after
such transfer, and Tenant shall look solely to Landlord’s successors for performance of such obligations. 
  
 21.6 Force Majeure. Whenever the period of time is herein prescribed for action to be taken by Landlord or Tenant, Landlord or Tenant shall
not be liable or responsible for, and there shall be excluded from the computation for any such period of time, any delays due to Force Majeure. Force Majeure shall not excuse or delay Tenant’s obligation to pay Rent or any other amount due
under this Lease. As used herein, “Force Majeure” shall mean strikes, riots, acts of God, shortages of labor or materials, weather, war, governmental approvals, laws, regulations, or restrictions, or any other cause of any kind whatsoever
which is beyond the reasonable control of, as applicable, Landlord or Tenant. 
  

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 21.7 Headings. The article headings contained in this Lease are for convenience only and
shall not enlarge or limit the scope or meaning of the various and several articles hereof. Words in the singular number shall be held to include the plural, unless the context otherwise requires. 
  
 21.8 Successors and Assigns. All agreements and covenants
herein contained shall be binding upon the respective heirs, personal representatives, successors and assigns of the parties hereto. If there is more than one Tenant, the obligations hereunder imposed upon Tenant shall be joint and several. If there
is a guarantor of Tenant’s obligations hereunder, Tenant’s obligations shall be joint and several obligations of Tenant and such guarantor, and Landlord need not first proceed against Tenant hereunder before proceeding against such
guarantor, and any such guarantor shall not be released from its guarantee for any reason, including any amendment of this Lease, any forbearance by Landlord or waiver of any of Landlord’s rights, the failure to give Tenant or such guarantor
any notices, or the release of any party liable for the payment or performance of Tenant’s obligations hereunder. Notwithstanding the foregoing, nothing contained in this Section 21.8 shall be deemed to override Article 8. 
  
 21.9 Landlord’s Representations. Neither Landlord nor
Landlord’s agents or brokers have made any representations or promises with respect to the Premises or the use thereof, the Building, the Land, or any other portions of the Project except as herein expressly set forth and all reliance with
respect to any representations or promises is based solely on those contained herein. No rights, easements, or licenses are acquired by Tenant under this Lease by implication or otherwise except as, and unless, expressly set forth in this Lease.

  
 21.10 Entire Agreement; Amendments. This Lease
and the Exhibits and Riders attached hereto set forth the entire agreement between the parties and cancel all prior negotiations, arrangements, brochures, agreements, and understandings, if any, between Landlord and Tenant regarding the subject
matter of this Lease. No amendment or modification of this Lease shall be binding or valid unless expressed in writing executed by both parties hereto. 
  
 21.11 Tenant’s Authority. Tenant hereby covenants, warrants and represents that: (1) the individual executing this Lease on its behalf
is duly authorized to execute and deliver this Lease in accordance with the organizational documents of Tenant; (2) this Lease is binding upon Tenant; (3) Tenant is duly organized and existing in the state of its formation and is qualified to do
business in the state where the Project is located and (4) the execution and delivery of this Lease will not result in any breach of, or constitute a default under any mortgage, deed of trust, lease, loan, credit agreement, partnership agreement or
other contract or instrument to which it is a party or by which it may be bound. 
  
 21.12 Governing Law. This Lease shall be governed by and construed under the laws of the State of California, without regard to conflicts of laws principles. Any action brought to enforce or interpret
this Lease shall be brought in the court of appropriate jurisdiction in Santa Clara County, California. Should any provision of this Lease require judicial interpretation, the court interpreting or considering same shall not apply the presumption
that the terms hereof shall be more strictly construed against the party who itself or through its agents prepared the same, it 

  

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being agreed that all parties hereto have participated in the preparation of this Lease and that each party had full opportunity to consult legal counsel of
its choice before the execution of this Lease. 
  
 21.13
Tenant’s Use of Name of the Project. Tenant shall not, without the prior written consent of Landlord, use the name of the Project for any purpose other than as the address of the business to be conducted by Tenant in the Premises,
and Tenant shall not do or permit the doing of anything which in the reasonable judgment of Landlord may reflect unfavorably on Landlord or the Project or confuse or mislead the public as to any apparent connection or relationship between Tenant and
Landlord, the Project, or the Land. 
  
 21.14 Ancient
Lights. Any elimination or shutting off of light, air, or view by any structure which may be erected on lands adjacent to the Premises shall not affect this Lease and Landlord shall have no liability to Tenant with respect thereto.

  
 21.15 Changes to Project by Landlord. Landlord
shall have the right to make changes to all portions of the Project in Landlord’s reasonable discretion for the purpose of improving access or security to the Project or the flow of pedestrian and vehicular traffic therein. Landlord may at any
time, without the same constituting an actual or constructive eviction and without incurring any liability to Tenant therefor (a) rearrange, change, expand or contract portions of the Project constituting Common Areas, (b) use Common Areas while
engaged in making improvements, repairs or alterations to the Project, or any portion thereof, and (c) do and perform such other acts and make such other changes in to or with respect to the Project, or any portion thereof, as Landlord may, in the
exercise of sound business judgment, deem to be appropriate, including without limitation the reasonable closure of any portion of the Project or the Common Areas for such time in order to construct additional buildings or other improvements or
prevent any adverse possession or public dedication claim, provided Tenant continues to have access to the Project and Premises, full use of the Cafeteria and subject to the provisions set forth below, parking as required under this Lease. In
particular, without limiting the foregoing Tenant hereby acknowledges that (a) Landlord reserves the right to further subdivide all or a portion of the Project; (b) if portions of the Project or property adjacent to the Project (collectively, the
“Other Improvements”) are at any time owned by an entity other than Landlord, Landlord, at its option, may enter into an agreement with the owner or owners of any or all of the Other Improvements to provide (i) for reciprocal rights of
access and/or use of the Project and the Other Improvements, except for the Cafeteria, which may only be used as provided in Section 25.1 below, (ii) for the common management, operation, maintenance, improvement and/or repair of all or any portion
of the Project and the Other Improvements, (iii) for the allocation of a portion of the Operating Costs to the Other Improvements and the operating expenses and taxes for the Other Improvements to the Project, and (iv) for the use or improvement of
the Other Improvements and/or the Project in connection with the improvement, construction, and/or excavation of the Other Improvements and/or the Project and at Landlord’s request, Tenant shall subordinate this Lease to any such agreement
pursuant to the terms of Section 18.5; and (c) nothing contained herein shall be deemed or construed to limit or otherwise affect Landlord’s right to convey all or any portion of the Project or any other of Landlord’s rights described in
this Lease. Tenant acknowledges that Landlord may take various actions with respect to the Project, including, but not limited to, performing construction on portions of the Project following 

  

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Tenant’s occupancy of the Premises, and that such actions may result in levels of noise, dust, obstruction of access, etc. which are in excess of that
present in a fully constructed project. Except as expressly set forth in this Lease, Tenant hereby waives any and all rent offsets that may arise in connection with such actions, including any offsets that may arise in connection with such actions.
Any changes made pursuant to this Section 21.15 shall not alter the computation of Operating Costs as provided in this Article 6 or Taxes as provided in Article 5, but, on and after the date of any such change, Tenant’s Share of Operating Costs
and Taxes shall be appropriately adjusted. Notwithstanding anything to the contrary contained herein, the parties hereto contemplate that during construction at the Project Landlord will require alternative parking arrangements for the Project. The
type and terms of such alternative parking arrangement will be subject to Tenant’s consent not to be unreasonably withheld, conditioned or delayed, but such arrangements may include valet parking as part of the Project Parking. Without limiting
the circumstances under which Tenant may reasonably withhold consent to such alternate parking arrangements, Tenant may reasonably object to any such arrangement which provides Tenant less than Tenant’s Share of the remaining parking in the
Underground Parking Area and surface Parking Lots under and adjacent to the Building. 
  
 21.16 Time of Essence. Time is of the essence of this Lease. 
  
 21.17 Landlord’s Acceptance of Lease. The submission of this Lease to Tenant shall not be construed as an offer and Tenant shall not
have any rights with respect thereto unless this Lease is consented to by any Secured Party, and any lessor of Landlord, to the extent such consent is required, and Landlord executes a copy of this Lease and delivers the same to Tenant.
Landlord’s execution and delivery of this Lease shall be deemed a representation and warranty by Landlord that Landlord has obtained any such consents and that neither Landlord’s entry into this Lease nor its performance hereunder violates
any agreement to which Landlord is a party or any judgment or order by which Landlord is bound. Without limiting the foregoing, Landlord represents and warrants as of the Effective Date that Hyperion’s right of first offer to lease the
Premises, pursuant to Section 23 of the Hyperion Lease, has lapsed without exercise by Hyperion. 
  
 21.18 Estoppel Certificates. Within ten (10) Business Days after request by either party, the other party shall execute and deliver to the
requesting party a written certificate as to the status of this Lease, any existing defaults, the status of the payments and performance of the parties required hereunder and such other information that may be reasonably requested. Any such
certificate may be relied upon by Landlord, any successor landlord, any Secured Party, any lessor of Landlord, Tenant or any Tenant Parties. 
  
 21.19 Financial Statements. At any time during the Term that Tenant’s stock is not publicly traded, Tenant shall, but not more than
once per year, except in the event of a transfer or financing of the Project, upon ten (10) days prior written notice from Landlord, provide Landlord with a current financial statement and financial statements of the two (2) years prior to the
current financial statement year. Such statement shall be prepared in accordance with generally accepted accounting principles and, if such is the normal practice of Tenant, shall be audited by an independent certified public accountant. 

 

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 21.20 WAIVER OF JURY TRIAL. EACH PARTY WAIVES TRIAL BY JURY IN THE EVENT OF ANY LEGAL
PROCEEDING BROUGHT BY THE OTHER IN CONNECTION WITH THIS LEASE. EACH PARTY SHALL BRING ANY ACTION AGAINST THE OTHER IN CONNECTION WITH THIS LEASE IN A FEDERAL OR STATE COURTS LOCATED IN THE DISTRICT WHERE THE PROJECT IS LOCATED, CONSENTS TO THE
JURISDICTION OF SUCH COURTS, AND WAIVES ANY RIGHT TO HAVE ANY PROCEEDING TRANSFERRED FROM SUCH COURTS ON THE GROUND OF IMPROPER VENUE OR INCONVENIENT FORUM. 
  

21.21 Accord and Satisfaction. No payment by Tenant or receipt by Landlord of a lesser amount than the Rent stipulated herein shall be
deemed to be other than on account of the earliest stipulated Rent, nor shall any endorsement or statement on any check or any letter accompanying any check or payment of Rent be deemed an accord and satisfaction. Landlord shall accept such check or
payment without prejudice to Landlord’s right to recover the balance of such Rent or to pursue any other remedy in this Lease. 
  
 21.22 Counterparts. This Lease may be executed in any number of counterparts, each of which shall be deemed to be an original and all of
which, when taken together, shall constitute one and the same agreement. 
  
 21.23 Waiver. No failure by either party to exercise, or delay in exercising, any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any
right, power or privilege hereunder preclude any other or further exercise thereof, or the exercise of any other right, power or privilege. Any consent or approval given by Landlord in any one instance shall not constitute consent or approval for
any subsequent matter, even if similar to the matter for which such consent or approval was originally given. 
  
 21.24 Landlord’s Right to Inspect Landlord shall retain duplicate keys, cards, access codes or other access means to all doors of the
Premises. Landlord shall have the right to enter the Premises during normal business hours upon no less than twenty-four (24) hours prior oral notice to Tenant’s designated representative (or, in the event of an emergency, at any hour without
notice) (a) to exhibit the same to present or prospective Secured Parties or purchasers during the Term and to prospective tenants during the last nine (9) months of the Term, (b) to inspect the Premises, (c) to confirm that Tenant is complying with
all of Tenant’s covenants and obligations under this Lease, (d) to make repairs required of Landlord under the terms of this Lease, (e) to make repairs to areas adjoining the Premises, (f) to repair and service utility lines or other components
of the Project and (g) in connection with Landlord’s rights under Articles 7 and 9 of this Lease; provided, however, Landlord shall (i) allow Tenant to have an escort accompany Landlord and others entering the Premises with Landlord’s
authorization at all times (other than in case of emergency), and (ii) use reasonable efforts to minimize interference with Tenant’s business. Except to the extent of Landlord’s or any Landlord Parties’ negligence or willful
misconduct, Landlord shall not be liable to Tenant for the exercise of Landlord’s rights under this Section 21.24. Landlord shall use reasonable and good faith efforts to inspect the Premises in a manner that will minimize to the extent
practicable the disruption of Tenant’s business in the Premises. 
  

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 21.25 Brokerage. Tenant and Landlord each represent and warrant to the other that it has
not entered into any agreement with, or otherwise had any dealings with, any broker or agent in connection with the negotiation or execution of this Lease which could form the basis of any claim by any such broker or agent for a brokerage fee or
commission, finder’s fee, or any other compensation of any kind or nature in connection herewith, other than with Brokers, and each party shall indemnify and hold the other harmless from all Claims by any broker or agent with respect to this
Lease which arise out of any agreement or dealings, or alleged agreement or dealings, between the indemnifying party and any such agent or broker, other than with Brokers. Landlord shall pay the Brokers as required pursuant to the Commission
Agreement between Landlord and the Brokers relating to this Lease. This provision shall survive the expiration or earlier termination of this Lease. 
  
 21.26 Notices. All notices, consents, demands, requests, documents, or other communications (other than payment of Rent) required or
permitted hereunder (collectively, “notices”) shall be in writing and be deemed given, whether actually received or not, when dispatched for hand delivery (with signed receipts) to the other party, or on the first Business Day after
dispatched for delivery by nationally-recognized air express courier (with signed receipts) to the other party, or on the third Business Day after deposit in the United States mail, postage prepaid, certified, return receipt requested, except for
notice of change of address which shall be deemed given only upon actual receipt. The addresses of the parties for notices are set forth in the Basic Lease Information, or any such other addresses subsequently specified by each party in notices
given pursuant to this Section 21.26. 
  
 ARTICLE 22

  
 RENEWAL OPTIONS 
  
 22.1 Subject to the provisions hereinafter set forth, Landlord hereby grants
to Tenant an option to extend the Term of this Lease, for a period of three (3) years, subject to variation pursuant to the terms of Section 23.4 and 24.4 below (the “First Renewal Period”) after the expiration of the initial Term, which
First Renewal Period shall commence on the day after the Expiration Date (the “First Renewal Period Commencement Date”) and end on the day before the third (3rd) anniversary of the First Renewal Period Commencement Date and an option to
extend the Term of this Lease, for a period of three (3) years, subject to variation pursuant to the terms of Section 23.4 and 24.4 below (the “Second Renewal Period”) after the expiration of the First Renewal Period, which Second Renewal
Period shall commence on the day after the expiration of the First Renewal Period (the “Second Renewal Period Commencement Date”) and end on the day before the third (3rd) anniversary of the Second Renewal Period Commencement Date.

  
 22.2 Each such option shall be exercisable by written notice
(each, a “Renewal Notice”) from Tenant to Landlord of Tenant’s election to exercise said option given not later than nine(9) months prior to the First Renewal Period Commencement Date or Second Renewal Period Commencement Date, as
applicable. If Tenant’s then applicable option is not so exercised, said option and all future options shall thereupon expire. 
  

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 22.3 Tenant may only exercise either such option, and an exercise thereof shall only be effective, if (i)
at the time of Tenant’s exercise of said option and on the First Renewal Period Commencement Date or Second Renewal Period Commencement Date, as applicable, this Lease is in full force and effect and no Event of Default by Tenant exists, and
(ii) inasmuch as said option is intended only for the benefit of the original Tenant named in this Lease and said Tenant has not assigned this Lease or sublet more than fifty percent (50%) of the Premises for substantially all of the remaining term
other than through a Permitted Transfer. Without limitation of the foregoing, no sublessee or assignee other than an assignee through a Permitted Transfer shall be entitled to exercise said option. 
  
 22.4 Base Rent payable during each Renewal Period with respect to all space
included in the Premises as of the First Renewal Period Commencement Date or Second Renewal Period Commencement Date, as applicable shall be equal to ninety-five percent (95%) of the Market Rent (as hereinafter defined). Landlord shall give Tenant
written notice of the Market Rent, including yearly escalations, within thirty (30) days following written request by Tenant but not earlier than twelve (12) months prior to the First Renewal Period Commencement Date or Second Renewal Period
Commencement Date, as applicable. 
  
 If Tenant disagrees with
Landlord’s determination of the Market Rent, Tenant shall notify Landlord of such disagreement within twenty (20) days after receipt of Landlord’s determination of the Market Rent, which notice shall set forth Tenant’s determination
of the Market Rent. If Tenant fails to so notify Landlord of Tenant’s disagreement and Tenant’s determination of Market Rent within the required time period, Landlord’s determination of the Market Rent shall be binding on Tenant. If
Tenant so notifies Landlord that Landlord’s determination of the Market Rent is not acceptable to Tenant together with Tenant’s determination of Market Rent, Landlord and Tenant shall, during the fifteen (15) day period after Tenant’s
notice (the “Negotiation Period”), attempt to agree on the Market Rent. If Landlord and Tenant are unable to agree, Tenant shall within ten (10) days after the Negotiation Period, either (i) accept Landlord’s determination of the
Market Rent, (ii) if Tenant has not already exercised its then current option, reject Landlord’s determination and decline to exercise such option, or (iii) reject such determination, exercise such option, if Tenant has not already done so, and
submit the determination to binding arbitration as provided below. If Tenant fails to so notify Landlord of Tenant’s election under the preceding sentence within said ten (10) day period after the Negotiation Period, Tenant shall be deemed to
have rejected Landlord’s determination and to have declined to exercise its current option, if Tenant had not already exercised such option. 
  
 In the event Tenant timely elects arbitration to determine the Market Rent, Landlord and Tenant shall, within ten (10) days after such election to
arbitrate, each select a real estate broker who shall have at least ten (10) years’ experience in leasing office space in the Market Area, with working knowledge of current rental rates and practices and shall not be an employee of Landlord or
Tenant or a broker retained by Landlord of Tenant in the previous twelve (12) month period. If either Landlord or Tenant fails to appoint a real estate broker within the ten (10) day period referred to above, the real estate broker appointed by the
other party shall be the sole real estate broker for the purposes hereof. Upon selection, Landlord’s and Tenant’s real estate broker shall select an independent third real estate broker meeting the aforementioned criteria, which 

  

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third real estate broker must not have been employed or engaged by either Landlord or Tenant within the previous twelve (12) month period. If the two (2)
real estate brokers cannot agree on the selection of the independent third real estate broker within ten (10) days of their selection, then either party may request appointment of the independent third real estate broker by application to the JAMS.
Once the independent third real estate broker has been selected as provided for above (or, if a party has failed to timely select any real estate broker, then once that party has failed to make that selection), then, as soon thereafter as
practicable but in any case within fourteen (14) days, the independent third real estate broker (or the sole real estate broker, as applicable) shall make his/her determination of which of Landlord’s estimate of the Market Rent or Tenant’s
estimate of the Market Rent (collectively, the “Estimates”) most closely reflects the actual Market Rent for the First Renewal Period or the Second Renewal Period, as applicable, and such Estimate shall be binding on both Landlord and
Tenant as the Market Rent for the Premises for such Renewal Period. Such independent, third real estate broker shall only be permitted to select either Landlord’s or Tenant’s Estimate after making his/her independent determination of the
Market Rent and shall not be permitted to establish a different rate. The parties shall share equally in the costs of the third real estate broker (or the sole real estate broker, as applicable). Any fees of any leasing broker, counsel or experts
engaged directly by Landlord or Tenant, however, shall be borne by the party retaining such real estate broker, counsel or expert. 
  
 22.5 If Tenant has validly exercised one of such options, within thirty (30) days after the parties hereto agree upon the Market Rent, Landlord and Tenant
shall enter into a written amendment to this Lease confirming the terms, conditions and provisions applicable to the First Renewal Period or Second Renewal Period, as applicable, as determined in accordance herewith, with such revisions to the
rental provisions of this Lease as may be necessary to conform such provisions to the Market Rent. Tenant’s failure to timely execute such amendment shall not negate the irrevocable nature of Tenant’s election. 
  
 22.6 The term “Market Rent” per square foot of Rentable Area of the
Premises shall mean the base rent for comparable space within the sub-markets of Sunnyvale, Santa Clara, North San Jose and Milpitas, as roughly outlined by freeways 101, 237, and 280/680, in Santa Clara County, California (“Market Area”).
Comparable space shall consist of multi-story office buildings of similar age, size, condition and quality of construction as the Building. Market Rent shall be determined taking into consideration other relevant factors such as term, broker
involvement, rental abatement, tenant improvements, and other concessions then being offered to renewal tenants with comparable creditworthiness as Tenant at such time and may include annual rental escalations. 
  
 22.7 Tenant shall not have any option to extend the terms of this Lease
beyond the expiration of the Second Renewal Period. Both the First Renewal Period and the Second Renewal Period shall be on the same terms and conditions set forth herein, except that (i) no concessions, abatements or allowances granted with respect
to the initial Term hereof shall be applicable to each of the First Renewal Period and the Second Renewal Period, (ii) Base Rent shall be adjusted as set forth in this Article 22 and (iii) First and Second Renewal Periods, once exercised, cannot be
exercised again. 
  

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 ARTICLE 23 
  
 RIGHT OF FIRST OFFER TO LEASE BUILDING 9 
  
 23.1 Landlord hereby grants to Tenant the right to lease, on the terms and conditions hereinafter set forth (the
“Building 9 Right of First Offer”), the building within the Project known as Building 9 or 5470 Great America Parkway, Santa Clara, California (“Building 9”), pursuant to the terms set forth in this Article 23 (the “Building
9 First Offer Space”). Prior to Landlord offering all or any portion of Building 9 for lease, Landlord shall give Tenant written notice (the “Building 9 Lease Offer Notice”) of (i) the floor as well as the location within Building 9
of the Building 9 First Offer Space; (ii) the rentable area of the Building 9 First Offer Space; (iii) Landlord’s estimate of the commencement date for the Building 9 First Offer Space (the “Building 9 First Offer Space Commencement
Date”) and (iv) the initial rent, annual escalations of rent, any tenant inducements and the term (“Basic Terms”) for such Building 9 First Offer Space. Tenant’s right to lease all, but not less than all, of the Building 9 First
Offer Space described in the Offer Notice from Landlord shall be exercisable by written notice from Tenant to Landlord (“Building 9 Tenant’s First Offer Notice”) given not later than five (5) Business Days after such Building 9 Lease
Offer Notice is given, time being of the essence. In addition, if Landlord has submitted a Building 9 Lease Offer Notice in response to a proposal from a third party for the lease of premises which includes both Building 9 First Offer Space and
other space in the Project, Landlord may condition Tenant’s exercise of its Building 9 Right of First Offer with respect thereto on Tenant’s agreement to take all the space which is the subject of such proposal, Building 9 First Offer
Space and otherwise. Once given, notice of exercise of such right shall be irrevocable, subject to the terms of Section 23.3 below. If such right is not so exercised the first time it is available to Tenant or if the conditions set forth in Section
23.4 are not satisfied, Tenant’s Building 9 Right of First Offer shall thereupon terminate as to the Building 9 First Offer Space set forth in the Building 9 Lease Offer Notice, and Landlord may thereafter lease the Building 9 First Offer Space
set forth in the Building 9 Lease Offer Notice without notice to Tenant and free of any right of Tenant (conditioned on Landlord entering into a lease on no more favorable terms as to the term, base rent or tenant inducements offered Tenant);
provided that Tenant’s Building 9 Right of First Offer to Lease hereunder shall be reinstated if the rent at which Landlord will actually lease the Building 9 First Offer Space to a prospective tenant is less than ninety-five percent (95%) of
the rent contained in Landlord’s Building 9 Lease Offer Notice, taking into account the Tenant Credit Adjustment, or the Basic Terms other than rent in the lease to such prospective tenant are materially more favorable than those offered to
Tenant in Landlord’s Building 9 Lease Offer Notice. Landlord’s Building 9 Lease Offer Notice may, at Landlord’s option, be sent simultaneously with notices to other parties having rights in the applicable Building 9 First Offer Space.

  
 23.2 If Tenant has validly exercised its right to lease the
Building 9 First Offer Space in accordance with the terms hereof, Landlord and Tenant shall enter into a written lease confirming the terms, conditions and provisions applicable to the Building 9 First Offer Space. If Landlord is unable to deliver
to Tenant possession of the Building 9 First Offer Space on or before the estimated Building 9 First Offer Space Commencement Date for any reason whatsoever, Landlord shall not be subject to any liability for such failure to deliver possession.
Except as set forth herein, such failure to deliver possession shall not affect either the validity of 

  

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this Lease, or the obligations of either Landlord or Tenant under this Lease, or be construed to extend the expiration of the Term of this Lease either as to
the Building 9 First Offer Space or the balance of the Premises. Notwithstanding anything to the contrary contained herein, Landlord represents that it shall use commercially reasonable efforts to recover possession of the Premises following the
natural expiration of the third party lease. If Landlord is unable to deliver possession of the Building 9 Offer Space within one hundred twenty (120) days after the estimated Building 9 Offer Space Commencement Date, Tenant may revoke its notice of
exercise with respect to the Building 9 Offer Space by written notice to Landlord given at any time prior to Landlord delivering possession of the Building 9 Offer Space. If simultaneously with or after Tenant gave its Building 9 Tenant’s First
Offer Notice, Tenant also exercised an option to extend the term of the Lease and Tenant revokes its notice of exercise pursuant to the preceding sentence, Tenant may also revoke its offer to extend at the time Tenant revokes with respect to
Building 9. 
  
 23.3 Notwithstanding anything contained herein to
the contrary, Tenant acknowledges and agrees that (i) if Tenant does not properly exercise its right to lease any portion of Building 9, its rights under this Article 23 are expressly subordinate to the expansion rights, renewal rights and rights of
first offer or refusal of any tenant that actually leases premises within Building 9 prior to Tenant, as such rights are contained in such tenant’s lease; and (ii) its Building 9 Right of First Offer to Lease shall not apply to any space which
is being renewed or extended by the existing tenant of the applicable Building 9 First Offer Space, whether or not pursuant to any existing renewal or extension rights. 
  
 23.4 Tenant may only exercise its Building 9 Right of First Offer to Lease and an exercise thereof shall only be effective
if, (i) at the time of Tenant’s exercise of said right and on the Building 9 First Offer Space Commencement Date this Lease is in full force and effect and no Event of Default by Tenant exists, (ii) inasmuch as said option is intended only for
the benefit of the original Tenant named in this Lease or a Permitted Transferee, said Tenant has not assigned this Lease or sublet more than a full floor or more than 27,000 square feet of floor area on multiple floors of the Premises for
substantially all of the remaining term, other than through Permitted Transfers, and (iii) at the time of Tenant’s exercise of said right Tenant delivers to Landlord, simultaneously with the delivery of the Tenant’s First Offer Notice, a
certified copy of Tenant’s then current financial statements demonstrating a tangible net worth of at least One Hundred Million Dollars ($100,000,000.00) and a net profit for at least three (3) of the immediately preceding six (6) fiscal
quarters of Tenant. Without limitation of the foregoing, no sublessee or assignee other than an assignee through a Permitted Transfer shall be entitled to exercise said right. 
  
 ARTICLE 24 
  
 RIGHT OF SECOND OFFER FOR NEW IMPROVEMENTS 
  
 Landlord currently has the ability to construct additional office improvements (the “New Improvements”) on the Northern portion of the Land.
Landlord has not settled on design for the New Improvements, but contemplates that the New Improvements will contain at least 150,000 rentable square feet of office space. Landlord granted Hyperion a right of first offer to lease the 

  

 38 

 
New Improvements under Hyperion’s existing lease at the Project (the “Hyperion Lease”). If Landlord decides to construct the New Improvements
and Hyperion does not lease all or any portion of the New Improvements, Landlord hereby grants to Tenant a right of second offer to lease the portion of the New Improvements not leased by Hyperion (the “New Improvements Right of Second
Offer”). The terms of and procedures for the New Improvements Right of Second Offer shall be the same as the terms and procedures of the Building 9 Right of first Offer set forth in Article 23 above, except that (i) the reference to
“ninety-five percent (95%)” in Section 23.1 shall change to “ninety percent (90%)”, and (ii) in addition to the conditions set forth in Section 23.4, it shall be a condition to the exercise of the right under this Article 24 that
Tenant waive its right to terminate in Section 3.3 hereof. Notwithstanding anything contained herein to the contrary, Tenant acknowledges and agrees that its rights under this Article 24 are expressly subordinate to the rights of Hyperion under the
Hyperion Lease. 
  
 ARTICLE 25 
  
 CAFETERIA 
  
 Landlord, by itself, or through a contractor shall use good faith, reasonable
efforts to operate a restaurant in the Cafeteria for the use of Tenant, its employees and invitees, and the users of the remainder of the Project and their employees and invitees. Landlord shall perform all necessary maintenance and repairs to the
Cafeteria. The cost to operate the Cafeteria, after deducting sums collected in connection with the operation thereof, shall be Operating Costs. 
  
 ARTICLE 26 
  
 PERSONAL PROPERTY 
  
 Landlord hereby grants to Tenant the right to use the existing furniture, telephone and other personal property (collectively, the “Personal
Property”) located in the Premises during the Term and any extensions thereof at no additional cost on an as-is basis. The Personal Property is more particularly listed on Exhibit F attached hereto (“Inventory List”). Landlord makes
no representation or warranty as to the condition of such Personal Property or its usefulness to Tenant. Tenant shall be responsible for the maintenance and repair of the Personal Property during the Lease Term at its sole cost and expense and shall
insure the Personal Property as part of Tenant’s property insurance required to be carried hereunder. Upon the expiration or earlier termination of this Lease, but subject to the terms of Articles 15 and 16 hereof, Tenant shall return the
Personal Property to Landlord in its condition existing as of the Commencement Date, reasonable wear and tear, obsolescence and/or any item or items of Personal Property reaching the end of its serviceable or useful life excepted. In the event that
Tenant desires to dispose of any of the Personal Property prior to the expiration or earlier termination of this Lease, Tenant shall deliver written notice to Landlord specifying the Personal Property of which Tenant desires to dispose. Landlord may
deliver written notice to Tenant within fifteen (15) days of receipt of Tenant’s notice of Landlord’s desire to retain such Personal Property, in which case Landlord shall arrange with Tenant to remove such Personal Property from the
Premises at Landlord’s sole cost and expense. Unless Landlord notifies Tenant that Landlord desires to retain such Personal Property within the time periods set forth herein, Tenant may dispose of such Personal Property at Tenant’s sole
cost and expense as Tenant sees fit. 
  

 39 

 ARTICLE 27 
  
 SIGNAGE 
  
 27.1 Subject to the provisions of this Article 27, Tenant shall be entitled to install directional signage and signs identifying Tenant’s name and
logo in the Premises, on the Building, and on the existing monument sign (or an enlarged replacement thereof constructed by Tenant at its cost) at the Project (the “Monument Sign”) (collectively, the “Tenant’s Signage”).

  
 27.2 The graphics, materials, color, design, lettering,
lighting, size, illumination, specifications and exact location of Tenant’s Signage (collectively, the “Sign Specifications”) shall be subject to the prior written approval of Landlord, which approval shall not be unreasonably
withheld, condition or delayed, and shall be consistent and compatible with the quality and nature of the Project. In addition, without limiting the foregoing, Landlord may reasonably disapprove proposed Tenant’s Signage if such signage
constitutes more than a reasonable allocation of the total signage allocation available to the Project under Requirements. Tenant’s Signage shall be subject to Tenant’s receipt of all required governmental permits and approvals and shall
be subject to all Requirements and to any covenants, conditions and restrictions affecting the Project. Landlord shall use reasonable efforts to assist Tenant in obtaining all necessary governmental permits and approvals for Tenant’s Signage.
Tenant acknowledges that Landlord may install such additional monument signs on the Project as Landlord deems desirable acting in Landlord’s reasonable discretion. In the event that such monument signs identify tenants or occupants of the
Project, Tenant shall, at Tenant’s sole cost and expense, have the right to include Tenant’s name and logo on such monument signs in a manner determined by Landlord so as to reasonably allocate the use of such signage among the occupants
of the Project (which may differ from sign to sign, but which shall be reasonable taking all of the signs together), using such materials and colors as Landlord shall determine in its reasonable discretion. 
  
 27.3 The costs of the actual signs comprising Tenant’s Signage and the
installation, design, construction, and any and all other costs associated with Tenant’s Signage, including, without limitation, utility charges and hook-up fees, permits, and maintenance and repairs shall be the sole responsibility of Tenant;
provided that Tenant shall be responsible for the cost of Tenant’s sign panel on the Monument Sign, but Landlord shall maintain all monument signs set forth in this Article 27 in good condition and repair, the cost of which shall be included in
Operating Costs. Should Tenant’s Signage require repairs, as determined in Landlord’s reasonable judgment, Landlord shall have the right to provide notice thereof to Tenant and Tenant (except as set forth above) shall cause such repairs to
be performed within thirty (30) days after receipt of such notice from Landlord at Tenant’s sole cost and expense; provided, however, if such repairs are reasonably expected to require longer than thirty (30) days to perform, Tenant shall
commence such repairs and/or maintenance within such thirty (30) day period and shall diligently prosecute such repairs and maintenance to completion. Should Tenant fail to perform such repairs within the periods described in the immediately
preceding sentence, 
  

 40 

 
Landlord shall have the right to cause such work to be performed and to charge Tenant as Additional Rent for the actual cost of such work. Upon the
expiration or earlier termination of this Lease, Tenant shall, at Tenant’s sole cost and expense, cause Tenant’s Signage to be removed and shall cause the areas in which such Tenant’s Signage was located to be restored to the
condition existing immediately prior to the placement of such Tenant’s Signage. If Tenant fails to timely remove such Tenant’s Signage or to restore the areas in which such Tenant’s Signage was located, as provided in the immediately
preceding sentence, then Landlord may perform such work, and all actual costs incurred by Landlord in so performing shall be reimbursed by Tenant to Landlord within thirty (30) days after Tenant’s receipt of an invoice therefor. The terms and
conditions of this Section 27.3 shall survive the expiration or earlier termination of this Lease. 
  
 ARTICLE 28 
  
 SATELLITE DISH 
  
 28.1 Tenant shall have the right to install, at Tenant’s sole cost and expense, on the roof of the Building at a location reasonably acceptable to Landlord satellite dishes and antenna or smaller and related accessories, including
without limitation the conduit described below (collectively, “Satellite Equipment”) as Tenant may reasonably request, provided that such Satellite Equipment is properly screened, does not damage the structural integrity of the Premises,
shall not involve the making of any roof penetrations or any other actions which would result in a breach of Landlord’s roof warranty, shall comply with applicable laws and further provided that Tenant provides Landlord, at least twenty (20)
days prior to any such installation: (i) plans and specifications for the installation of the Satellite Equipment, which shall be subject to Landlord’s prior written approval, which approval shall not be unreasonably withheld or delayed; and
(ii) copies of all required governmental and quasi-governmental permits, licenses and authorizations which Tenant shall obtain at its own expense. Once installed, Landlord shall be entitled, at Landlord’s cost, to require tenant to relocate its
Satellite Equipment to a different location on the roof of the Building as reasonably determined by Landlord. Tenant acknowledges that, upon the expiration or termination of this Lease, Tenant shall be responsible, at its sole cost and expense, to
remove the Satellite Equipment and repair any and all damage as a result thereof. In addition, Tenant acknowledges that Tenant shall be responsible for all additional roof costs incurred by Landlord in the maintenance or replacement of the roof of
applicable Building due to the presence of the Satellite Equipment. 
  
 28.2 Tenant shall not use the roof or the Satellite Equipment in any way that interferes with the use of the Project by: (a) Landlord or (b) tenants or licensees of Landlord now or hereafter leasing or licensing space in, on or at the
Project (the “Project Tenants”). The operation of the Satellite Equipment shall not interfere with the Project Tenants or with the maintenance or operation of the Project, including but not limited to the roof, MATV, CATV or other video
systems, HVAC systems, electronically controlled elevator systems, computers, telephone systems, or any other system serving the Project and/or its occupants, or the operation of any radio or telecommunication equipment installed at the Project.
Tenant agrees to immediately cease all operations (except for testing as approved by Landlord) until the interference has been corrected to the sole satisfaction of the Landlord. Tenant shall be 

  

 41 

 
responsible for all costs associated with any tests deemed necessary to resolve any and all interference as set forth in this Lease. If such interference has
not been corrected within thirty (30) days, Landlord may require Tenant to remove the Satellite Equipment. All operations by Tenant shall be lawful and in compliance with all FCC rules and regulations. Tenant shall be responsible for all costs
associated with any tests deemed necessary to resolve any and all interference which Landlord determines or reasonably believes is being caused by the Satellite Equipment or Tenant’s use of the Satellite Equipment. 
  
 28.3 Tenant hereby agrees to indemnify and hold Landlord, its partners,
agents, and employees harmless from and against any and all costs, claims, damages, cause of action, and liability (including reasonable attorneys’ fees and court costs) which may arise by reason of (a) any interference as hereinabove
described, and/or (b) any occurrence attributable to or arising out of the installation, maintenance, repair, operation, or removal of any of the Satellite Equipment, including, without limitation, any claim or cause of action for injury to or death
of any person or damage to any property, and Tenant agrees to defend any claim, cause of action, or demand against Landlord, its partners, agents, and employees, arising out of any such interference and/or occurrence. 
  
 ARTICLE 29 
  
 PARKING 
  
 29.1 Tenant and Tenant’s invitees, employees and agents shall be
entitled to utilize throughout the Term, without charge, commencing on the Commencement Date, two hundred seventy-nine (279) parking spaces in the Project parking areas, Tenant’s Share of which shall be in the Underground Parking Area and the
remainder of which shall be in the Parking Lots. In addition to the foregoing, Tenant shall also be entitled to utilize throughout the Term, without charge, commencing on the Commencement Date, six (6) parking spaces on the upper podium for
Tenant’s visitors (which spaces shall be marked by Landlord for such use). Tenant’s spaces in the Underground Parking Area shall be located under the Premises and Landlord shall mark such spaces for Tenant’s use. Furthermore,
commencing on the Effective Date Tenant and its employees, invitees and agents shall be permitted to use the Project parking areas available to Tenant during the Term for parking without charge in connection with the construction of Leasehold
Improvements. Tenant shall cause its employees, invitees and agents to comply with the Rules and Regulations which are prescribed from time to time by Landlord for the orderly operation and use of the parking areas where the parking is located,
including any sticker or other identification system established by Landlord, provided they are non-discriminatory. If Tenant fails to observe the Rules and Regulations with respect to parking and such failure continues for an additional five (5)
days after written notice from Landlord to Tenant, then Landlord, at its option, may remove particular vehicles of Tenant and/or of its employees, licensees, contractors or invitees and all of Tenant’s personal property from the parking areas
to the extent that such vehicles or property are in violation of such Rules and Regulations. Landlord shall not be liable for any damage or loss to any automobile (or property therein) parking in, on or about such parking areas, or for any injury
sustained by any person in or about such areas. Tenant shall not tow cars or otherwise enforce its parking rights against third parties other than Tenant Parties and Tenant’s assignees and sublessees. The parking provided to 

  

 42 

 
Tenant pursuant to this Section 12.5 is provided to Tenant solely for use by Tenant’s own personnel, visitors and Tenant’s occupants and such
parking spaces may not be transferred, assigned, subleased or otherwise alienated by Tenant, except on a pro-rata basis in connection with a Permitted Transfer or an assignment or subletting or use by contractors of the Premises made in accordance
with the terms of this Lease. Notwithstanding anything to the contrary contained herein, Landlord may reserve specific parking areas for other tenants of the Project provided that Tenant receives Tenant’s Share of available reserved parking in
or serving the Project. 
  
 IN WITNESS WHEREOF, Landlord
and Tenant have duly executed and delivered this Lease, as of the day and year set forth on the cover page hereof. 
  

					
	LANDLORD:
	
	 PRENTISS PROPERTIES ACQUISITION PARTNERS, L.P., a Delaware limited
 partnership

		
	 By:
	 	 Prentiss Properties, Inc., a Delaware
 corporation, general partner

			
	 	 	 By:
	 	 /s/ Chris Donohoe

	 	 	 Name:
	 	 Chris Donohoe

	 	 	 Title:
	 	 Vice President

			
	 	 	 By:
	 	 /s/ Daniel K. Cushing

	 	 	 Name:
	 	 Daniel K. Cushing

	 	 	 Title:
	 	 SVP & Managing Director

	
	TENANT:
	
	ATHEROS COMMUNICATIONS, INC.,
	 a Delaware corporation

		
	 By:
	 	 /s/ Jack Lazar

	 Name:
	 	 Jack Lazar

	 Title:
	 	 VP & CFO

  

 43 

 SCHEDULE 1.1 
  
 DEFINITIONS 
  
 When used in this Lease, the terms set forth below shall have the following meanings: 
  
 “Access Date” shall have the meaning given to it in Exhibit D hereof. 
  
 “ADA” shall have the meaning given to it in Section 9.4 hereof.

  
 “Additional Rent” shall have the meaning given to it
in the Basic Lease Information Section hereof. 
  
 “Affiliate” shall have the meaning given to it in Section 5.5 hereof. 
  
 “Affiliate Transaction” shall have the meaning given to it in Section 24.2 hereof. 
  
 “Alterations” shall have the meaning given to it in Section 10.1 hereof. 
  
 “Amended Notice” shall have the meaning given to it in Section 6.1(C) hereof. 
  
 “Annual Adjustment Notice” shall have the meaning given to it in
Section 6.1(C) hereof. 
  
 “Bankruptcy Code” shall mean
the United State Bankruptcy Code relating to Bankruptcy, as amended. 
  
 “Base Rent” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “Basic Lease Information” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “Bonus Rent” shall have the meaning given to it in Section 8.3
hereof. 
  
 “Brokers” shall have the meaning given to it
in the Basic Lease Information Section hereof. 
  
 “Building
9” shall have the meaning given to it in Section 23.1 hereof. 
  
 “Building 9 First Offer Space” shall have the meaning given to it in Section 23.1 hereof. 
  
 “Building 9 First Offer Space Commencement Date” shall have the meaning given to it in Section 23.1 hereof. 
  
 “Building 9 Lease Offer Notice” shall have the meaning given to it
in Section 23.1 hereof. 

 “Building 9 Right of First Offer” shall have the meaning given to it in Section 23.1 hereof.

  
 “Building” shall have the meaning given to it in the
Basic Lease Information Section hereof. 
  
 “Business
Days” shall mean Monday through Friday (except for Holidays). 
  
 “Cafeteria” means the cafeteria currently operated on the first floor of Building 9. 
  
 “Cancellation Date” shall have the meaning given to it in Section 3.3 hereof. 
  
 “Cancellation Fee” shall have the meaning given to it in Section 3.3 hereof. 
  
 “Cancellation Notice” shall have the meaning given to it in Section
3.3 hereof. 
  
 “Cease to Use,” “Ceases to
Use” or “Ceased to Use” shall mean ceasing use for business purposes, but Tenant shall not be deemed to be using the Premises or portion thereof for business purposes solely because of the presence of Tenant’s furniture,
fixtures, equipment and personal property within the Premises or the presence of personnel for the purpose of securing or protecting Tenant’s property such as security guards or information technology personnel. 
  
 “Claims” shall have the meaning given to it in Section 12.2 hereof.

  
 “Class A Buildings” shall mean Class A office
buildings of similar age, quality of construction and size in the Market Area. 
  
 “Commencement Date” shall have the meaning given to it in Section 3.1 hereof. 
  
 “Commencement Notice” shall have the meaning given to it in Section 3.1 hereof. 
  
 “Common Areas” shall mean those certain areas and facilities of the Project and those certain improvements to the
Land which are from time to time provided by Landlord for the use of tenants of the Project and their employees, clients, customers, licensees and invitees or for use by the public, which facilities and improvements may include without limitation
the Underground Parking Area, the Cafeteria, all parking fields, any and all corridors, elevator foyers, vending areas, cafeterias, bathrooms, electrical and telephone rooms, mechanical rooms, janitorial areas, conference centers, fitness centers
and other similar facilities of buildings other than the Building of the Premises and any and all grounds, parks, landscaped areas, outside sitting areas, sidewalks, walkways, tunnels, pedestrianways, skybridges, and generally all other improvements
located on the Land, or which connect the Land to other buildings. 
  
 “Core Building Systems” shall have the meaning given to it in Section 9.1 hereof. 
  
 The words “day” or “days” shall refer to calendar days, except where Business Days are specified. 

 “Delivery Condition” shall have the meaning given to it in Section 9.3 hereof. 
  
 “Estimates” shall have the meaning given to in Section 22.4 hereof.

  
 “Event of Default” shall have the meaning given to
it in Section 13.1 hereof. 
  
 “Expiration Date” shall
have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “First Renewal Period” shall have the meaning given to it in Section 22.1 hereof. 
  
 “First Renewal Period Commencement Date” shall have the meaning given to it in Section 22.1 hereof. 
  
 “Force Majeure” shall have the meaning given to it in Section 21.6
hereof. 
  
 “Hazardous Substance” shall mean any
substance, material, waste, gas or particulate matter which is regulated by any local governmental authority, the State of California, or the United States Government, including, but not limited to (i) any material or substance which is defined or
designated as a “hazardous waste,” “hazardous material,” “hazardous substance,” “extremely hazardous waste,” “infectious waste”, “medical waste”, “toxic substance”, “toxic
pollutant” or “restricted hazardous waste” under any provision of local, state or federal law; (ii) oil or petroleum; (iii) asbestos and asbestos-containing materials; (iv) polychlorinated biphenyls, urea formaldehyde, radon gas; (v)
radioactive material; (vi) any Infectious Waste; and (vii) any product that is flammable, combustible, corrosive, caustic poisonous, explosive or hazardous. 
  
 Tenant shall not be deemed to be the “operator” of Tenant’s “facility” and the “owner” of all Hazardous Substances or
Infectious Wastes brought on the Premises by Tenant, or the Tenant Parties and the wastes, byproducts or residues generated, resulting or produced therefrom. 
  
 “Holidays” shall mean those holidays designated by Landlord, which holidays shall be consistent with those holidays designated by landlords of
other first-class office buildings in the greater San Jose area. 
  
 The words “herein,” “hereof,” “hereby,” “hereunder” and words of similar import shall be construed to refer to this Lease as a whole and not to any particular Article or Section thereof unless
expressly so stated. 
  
 The words “include” and
“including” shall be construed as if followed by the phrase “without being limited to.” 
  
 “Infectious Wastes” shall mean: any solid waste capable of producing an infectious disease, including all bulk blood, blood products; cultures
of specimens from medical, pathological, pharmaceutical, research, commercial and industrial laboratories; human tissues; organs, body parts, secretions, blood and body fluids removed during surgery and autopsies; the carcasses and body parts of all
animals exposed to pathogens in research, used in the vivo testing of pharmaceuticals or that died of known or suspected infectious diseases; needles, syringes and scalpel blades. 

 “Initial Rent Abatement” shall mean the amount of Base Rent which would have been payable
between the Commencement Date and the Rent Commencement Date had the Base Rent not been abated for that period, calculated using the monthly Base Rent payable beginning on the Rent Commencement Date. 
  
 “Interest Rate” shall have the meaning given to it in Section 4.2
hereof. 
  
 “Land” shall have the meaning given to it in
the Basic Lease Information Section hereof. 
  
 “Land
Costs” shall have the meaning given to it in Section 24.1 hereof. 
  
 “Landlord” shall have the meaning given to it in the first paragraph of this Lease. 
  
 “Landlord’s Address for Payment” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “Landlord’s Address for Notice” shall have the meaning given
to it in the Basic Lease Information Section hereof. 
  
 “Landlord’s Contribution” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “Landlord Parties” shall have the meaning given to it in Section 17.2 hereof. 
  
 “Lease” shall have the meaning given to it in the first paragraph of this Lease. 
  
 “Leasehold Improvements” shall have the meaning given to it in
Exhibit D hereof. 
  
 “Lease Year” shall have the
meaning given to it in the Basic Lease Information Section hereof. 
  
 “Major Alteration” shall have the meaning given to it in Section 10.1 hereof. 
  
 “Market Area” shall have the meaning given to it is Section 22.6 hereof. 
  
 “Market Rent” shall have the meaning given to it is Section 22.6 hereof. 
  
 “Monument Sign” shall have the meaning given to it in Section 27.1
hereof. 
  
 “Negotiation Period” shall have the meaning
given to it in Section 22.4 hereof. 
  
 “New
Improvements” shall have the meaning given to it in Section 24.1 hereof. 
  
 “New Improvements Right of Second Offer” shall have the meaning given to it in Section 24.1 hereof. 

 “notices” shall have the meaning given to it in Section 21.26 hereof. 
  
 “Operating Costs” shall mean any and all expenses, costs and
disbursements of every kind which Landlord pays or incurs or becomes obligated to pay in connection with the operation, management, repair and maintenance of the Project, including, without limitation, the cost to operate the Cafeteria, less
receipts therefrom, the costs of lighting the Common Areas; the cost of delivering gas, water and sewer services to the Project, snow and ice and trash removal; painting; cleaning; landscaping and grounds maintenance; window cleaning; elevator
maintenance in the Common Areas; repair and maintenance of the Project (including, but not limited to, Landlord’s repair, maintenance and service obligations set forth in Article 7 and Article 9 hereof except as otherwise expressly set forth
herein); the rental value of the Project’s management office reasonable in size for the Project; maintenance and repair of all personal property of Landlord used in connection with the Project, the cost of renting personal property and
equipment used in the repair and maintenance of the Project; loading docks and truck docks; fuel, gas, water, sewer, steam, electricity and other utility charges (other than utilities metered directly to and paid by tenants); insurance and insurance
deductibles; security or traffic control forces or equipment (not to be construed to require Landlord to provide such services or equipment); uniforms, supplies; holiday decorations; sales and use taxes on purchased goods; and other labor costs,
payroll taxes, insurance, training and wages, salaries and fringe benefits of persons engaged in the accounting, operation, management, maintenance or repair of the Project; a management fee of three percent (3%) of Base Rent and Additional Rent
(whether or not Landlord engages a property manager or uses its own personnel); Taxes (defined below); legal and accounting costs incurred by Landlord or paid by Landlord to third parties, reasonable appraisal fees for appraisals made in connection
with obtaining insurance for the Project, reasonable consulting fees and all other professional fees and disbursements to the extent of services performed for the Project, all association dues incurred in connection with the operation, management,
maintenance of the Project, any and all amounts payable pursuant to any declaration of covenants, reciprocal easement agreement or other encumbrance of record which may now or in the future affect the Project, excluding legal fees with respect to
disputes with individual tenants, negotiation of tenant leases or with respect to the ownership rather than the operation, management or repair of the Project and excluding appraisal consulting and other professional fees incurred in connection with
the financing or disposition of the Project; and any other expense or charge which, in accordance with generally accepted accounting or management principles, would be considered an expense of operating, maintaining upgrading, replacing, managing,
or repairing the Project. 
  
 Operating Costs shall exclude (a)
specific costs for any capital repairs, replacements, equipment or improvements, except as provided below; (b) expenses for which Landlord is reimbursed or indemnified (either by an insurer, condemner, tenant, warrantor or otherwise) to the extent
of funds received by Landlord; (c) expenses incurred in leasing or procuring tenants (including lease commissions, advertising expenses and expenses of renovating space for tenants); (d) except as provided below, payments for rented equipment if
such payments would constitute a capital expenditure not permitted pursuant to the foregoing if the equipment were purchased; (e) interest or amortization payments on any mortgages; (f) net basic rents under ground leases; (g) costs representing an
amount paid to an affiliate of Landlord which is in excess of the amount which would have been paid in the absence of such relationship; (h) costs 

 
specially billed to and paid by specific tenants; (i) salaries and benefits of employees of Landlord and its affiliates above the grade of group manager; (j)
depreciation on the Premises, Building or equipment therein; (k) amortization of cost of tenant improvements in the Project; (l) third party accountants’ fees, other professional fees and costs incurred in connection with disputes or lease
negotiations with tenants or other occupants or prospective tenants or occupants of all or any portion of the Project, the enforcement of any leases (including unlawful detainer proceedings and the collection of rents), (m) overhead and profit paid
to subsidiaries or affiliates of the Landlord for services (other than management) on or to the Project for supplies or other materials, to the extent that the overall cost of the services, supplies or materials provided by Landlord materially
exceeds the competitive cost of the services, supplies, or materials if obtained from an unrelated third party on an arm’s length basis; (n) compensation paid to clerks, attendants, or other persons in commercial concessions operated by the
Landlord, other than in connection with the operation of the Cafeteria; (o) rentals and other related expenses incurred in leasing air conditioning systems, elevators, or other equipment ordinarily considered to be of a capital nature, except that
if Landlord incurs such rentals as an alternative to financing such capital expenditure, the annual installments of such rentals may be passed through to the extent that such item would have been passed through as a capital expense as set forth
below; (p) items and services for which Tenant reimburses the Landlord or pays third parties or that the Landlord provides selectively to one or more tenants of all or any portion of the Project other than Tenant without reimbursement; (q)
maintenance costs incurred in connection with repairs or other work needed because of fire, windstorm, or other casualty or cause insured against by Landlord or to the extent Landlord’s insurance required under the terms of the Lease would have
provided insurance, whichever is greater; (r) all voluntary contributions to any political, charitable-organizations or other industry related associations (e.g., BOMA); (s) capital costs for the acquisition of sculpture, paintings or other art
objects; (t) advertising, marketing and promotion costs; (u) costs associated with the operation of the corporation or other entity which constitutes the Landlord, as distinguished from costs of operation of the Project, including accounting and
legal costs, costs of defending lawsuits with any mortgagee, and the costs of selling, syndicating, financing, mortgaging or hypothecating any ownership interest in Landlord, or any of the Landlord’s interests in the Project; (v) reserves for
bad debts or rental losses; (w) the costs incurred to investigate the presence of any Hazardous Material (as defined above), costs to respond to any claim of Hazardous Material contamination or damage, costs to remove any Hazardous Material from the
Premises, Building or Project or to remediate any Hazardous Material contamination, any judgments or other costs incurred in connection with any Hazardous Material exposure or release, except to the extent that the cost is caused by the storage,
use, release or disposal of the subject Hazardous Material by Tenant; (x) fines and penalties incurred due to Landlord’s operation of the Project in violation of any Requirements or due to Landlord’s failure to timely pay real property
taxes; (y) any costs incurred by Landlord in connection with the maintenance or repair of any new improvement on the Project that Tenant does not use and from which Tenant does not benefit to the extent that such costs increase the cost to operate
the Project on a per square foot basis; and (z) any costs associated with operating, insuring, maintaining, repairing and replacing the emergency generator, underground fuel storage tank, uninterrupted power supply and batteries, and any related
systems or controls for the provision of emergency electrical service. Notwithstanding anything to the contrary contained in this Lease, Operating Costs shall not include any charge that would duplicate or otherwise result in double reimbursement to
Landlord for a single expenditure made by Landlord. 

 Operating Costs shall include the cost to replace any Core Building Systems and, with respect to the
replacement or addition of capital improvements, the following: (i) replacements of existing capital improvements; (ii) capital improvements made to increase efficiencies at the Project; or (iii) capital improvements required by Requirements made on
or after the Commencement Date, in each case amortized over the useful life of such Core Building System or capital improvement (as determined in accordance with generally accepted accounting principles), together with interest at two percent (2%)
above the Prime Rate per annum on the unamortized cost of such improvement. To the extent that Operating Costs include the costs of capital improvements as provided in this paragraph, Landlord shall be permitted to do the same with respect to the
costs of leasing (rather than purchasing) such capital item. In no event shall Landlord include in Operating Costs Landlord’s cost to build or replace any structural elements of the Project. 
  
 “Operating Costs Payment” shall have the meaning given to it in
Section 6.1 hereof. 
  
 “Other Improvements” shall have
the meaning given to it in Section 21.15 hereof. 
  
 “Parking
lots” means the surface parking facilities located in the Project. 
  
 “Permitted Alterations” shall have the meaning given to it in Section 10.1 hereof. 
  
 “Permitted Transfers” shall have the meaning given to it in Section 8.4. 
  
 “Plan Deposit” shall have the meaning given to it in Section 24.1 hereof. 
  
 “Plans” shall have the meaning given to it in Exhibit D hereof.

  
 “Premises” shall have the meaning given to it in the
Basic Lease Information Section hereof. 
  
 “Premises
Improvements” shall have the meaning given to it in Section 14.1(A) hereof. 
  
 “Prime Rate” shall have the meaning given to it in Section 4.2 hereof. 
  
 “Project” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “Project Tenants” shall have the meaning given to it Section 28.2
hereof. 
  
 “Punchlist” shall have the meaning given to
it in the Work Letter attached as Exhibit D to the Lease. 
  
 “Purchase Contract” shall have the meaning given to it Section 24.1 hereof. 
  
 “Renewal Notice” shall have the meaning given to it in Section 22.2 hereof. 

 “Rent” shall have the meaning given to it in the Basic Lease Information Section hereof.

  
 “Rentable Area of the Project” shall have the
meaning given to it in the Basic Lease Information Section hereof. 
  
 “Rentable Area of the Premises” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “Rent Commencement Date” shall mean the later of (i) October 1, 2005 and (ii) four (4) months after the Commencement Date. 
  
 “Requirements” shall mean all requirements, rules, orders, codes
and regulations of the federal, state and municipal governments or other duly constituted public authority, and of any board of insurance regulators or underwriters, health officer, fire marshall, and/or building inspector and the terms and
provisions of any ground lease, mortgage, deed to secure debt and any other matter of record, in each case affecting or relating to the Project, the Premises, the business conducted in the Premises or Tenant’s use of the Premises. 

 
 “Revised Offer” shall have the meaning given to it in Section
24.1. 
  
 “Rules and Regulations” shall have the meaning
given to it in Section 2.1 hereof. 
  
 “Right of First Offer
to Sell” shall have the meaning given to it in Section 24.1 hereof. 
  
 “Satellite Equipment” shall have the meaning given to it in Section 28.1 hereof. 
  
 “Second Renewal Period” shall have the meaning given to it in Section 22.1 hereof. 
  
 “Second Renewal Period Commencement Date” shall have the meaning given to it in Section 22.1 hereof. 

 
 “Secured Parties” shall have the meaning given to it in Section
14.1(B) hereof. 
  
 “Security Deposit” shall have the
meaning given to it in the Basic Lease Information Section hereof. 
  
 “Sign Specifications” shall have the meaning given to it in Section 27.2 hereof. 
  
 “Substantial Completion” and “Substantially Completed” shall have the meanings given them in the Work Letter attached as Exhibit D to
the Lease. 
  
 “Taxes” shall mean, all taxes,
assessments, and other governmental charges, applicable to or assessed against the Project or any portion thereof, or applicable to or assessed against Landlord’s personal property used in connection therewith, whether federal, state, county,
or municipal and whether assessed by taxing districts or authorities presently taxing the Project or the operation thereof or by other taxing authorities subsequently created, or otherwise, and any other taxes and assessments attributable to or
assessed against all or any part of the Project or its 

 
operation; including any reasonable expenses, including fees and disbursements of attorneys, tax consultants, arbitrators, appraisers, experts and other
witnesses, incurred by Landlord in contesting any taxes or the assessed valuation of all or any part of the Project. 
  
 “Tenant” shall be deemed to include Tenant’s successors and assigns (to the extent permitted by Landlord) and any and all occupants of the
Premises permitted by Landlord and claiming by, through or under Tenant. 
  
 “Tenant’s Address for Notice” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  

“Tenant’s Architect” shall have the meaning given to it in Exhibit D hereof. 
  
 “Tenant’s Contractors” shall have the meaning given to it in
Exhibit D hereof. 
  
 “Tenant Credit Adjustment” means a
percentage increase or decrease in rent to account for the risks associated with leasing to tenants with different credit ratings. Included on Exhibit G is a grid depicting the Tenant Credit Adjustment in the form of the basis point spreads between
the various credit ratings for prospective tenants. 
  
 “Tenant’s Offer” shall have the meaning given to it in Section 24.1 hereof. 
  
 “Tenant Parties” shall have the meaning given to it in Section 17.1 hereof. 
  
 “Tenant’s Property” shall have the meaning given to it in Section 14.1(A) hereof. 
  
 “Tenant’s Permitted Use” shall have the meaning given to it in
the Basic Lease Information Section hereof. 
  
 “Tenant’s Review Notice” shall have the meaning given to it in Section 6.3 hereof. 
  
 “Tenant’s Share” shall have the meaning given to it in the Basic Lease Information Section hereof. 
  
 “Tenant’s Signage” shall have the meaning given to it in
Section 27.1 hereof. 
  
 “Term” shall have the meaning
given to it in the Basic Lease Information Section hereof. 
  
 The
“terms of this Lease” shall be deemed to include all terms, covenants, conditions, provisions, obligations, limitations, restrictions, reservations and agreements contained in this Lease. 
  
 “Transfer” shall have the meaning given to it in Section 8.1
hereof. 
  
 “Transferee” shall have the meaning given to
it in Section 8.3 hereof. 
  
 “Underground Parking Area”
shall the underground parking facilities located beneath the Building and other buildings in the Project. 

 “Warranty Date” shall have the meaning given to it in Section 9.3 hereof. 
  
 “Work Letter” shall mean the Work Letter attached as Exhibit D to
the Lease. 
  
 A “year” shall mean a calendar year.

 EXHIBIT A 
  
 FLOOR PLAN OF THE PREMISES 
  
 [Diagrams of floor plans for lower podium and first, second and third floors] 
  

 Exhibit A-1 

 EXHIBIT B 
  
 THE LAND 
  
 All that real property, situate in the City of Santa Clara, County of Santa Clara, State of California, being a portion of the lands of the City of Santa Clara Land Fill
Corporation and the City of Santa Clara described as Parcel B in that Deed of Gift recorded August 30, 1967 in Book 7840 at Page 204, Official Records of Santa Clara County and being a portion of the lands of the City of Santa Clara as described in
the deed recorded in Book 9458 at page 115, Official Records of Santa Clara County, said real property being more particularly described as follows: 
  
 Beginning at the brass pin monument located at the intersection of the monument line of Great America Parkway (125 feet wide) and the centerline Old Mountain View -
Alviso Road (60 feet wide) as shown on that Parcel Map filed for record in Book 602 of Maps at Page 34, Santa Clara County Records; thence along the centerline of Old Mountain View - Alviso Road, North 89° 47’ 24” West 259.00 feet to
the Southerly prolongation of the Easterly line of the lands of Santa Clara Valley Water District, described as Parcel 1 in the Grant Deed recorded in Book D928 at Page 706, Official Records of Santa Clara County; thence along said prolongated line,
North 10° 57’ 34” West 30.58 feet to the Southeasterly corner of said lands of Santa Clara Valley Water District and the True Point of Beginning, said point being on the North line of said Old Mt. View - Alviso Road as shown on that
Parcel Map filed for record in Book 413 of Maps at Page 13, Santa Clara County Records; thence along the Easterly line of San Tomas Aquino Creek, conveyed to the Santa Clara Valley Water District as Parcel 1 in that Grant Deed recorded in Book D928
at Page 706, Official Records of Santa Clara County, and in that Quitclaim recorded in Book D928 at Page 716, Official Records of Santa Clara County, North 10° 57’ 34” West 1325.72 feet to the Southerly corner of that parcel described
in the Grant Deed from the City of Santa Clara to the Santa Clara Valley Water District, recorded February 14, 1997, Document 13613165, Official Records of Santa Clara County; thence along the Southeasterly line of said parcel, North 19°
14’ 15” East 105.25 feet to the Southeasterly line of that parcel described as Parcel 1 in that Grant Deed from the City of Santa Clara to the State of California, recorded February 10, 1997, Document 13607858, Official Records of Santa
Clara County; thence along the general Southerly boundary of the last said parcel the following six (6) courses: North 63° 34’ 28” East 51.54 feet; North 62° 02’ 11” East 153.02 feet; North 61° 29’ 12” East
230.90 feet; Easterly and Southeasterly along a tangent curve to the right, having a radius of 32.00 feet, through a central angle of 100° 07’ 12”, an arc length of 55.92 feet to a point of compound curvature; Southerly along a tangent
curve to the right, having a radius of 282.00 feet, through a central angle of 18° 23’ 50”, an arc length of 90.55 feet; South 00° 00’ 14” West 55.36 feet to the Westerly line of said Great America Parkway, shown as
“Proposed Great America Parkway” on that Record of Survey filed for record in Book 34 of Maps at Pages 1 through 8, Santa Clara County Records; thence along said Westerly line, South 01° 05’ 29” West 1395.20 feet; thence
along a tangent curve to the right, having a radius of 50.00 feet, through a central angle of 89° 07’ 07”, for an arc length of 77.77 feet to a point of tangency on said North line of Old Mt. View - Alviso Road; thence along said North
line, North 89° 47’ 24” West 150.14 feet to said True Point of Beginning. 
  
 APN: 104-52-020 
  

 Exhibit B-1 

 EXHIBIT C 
  
 EXAMPLE OF CANCELLATION FEE 
  

									
	 (1)
	  	Three Months Rent:	  	 	 	  	$	314,384.40
				
	 (2)
	  	Prorated Initial Rent Abatement:	  	 	 	  	$	126,269.14
				
	 (3)
	  	Unamortized Commissions and	  	 	 	  	 	 
	 	  	Landlord’s Contribution:	  	 	 	  	 	 
				
	 	  	Commissions = $1.45 x 87,329 x 5 years        =	  	$	633,135.25	  	 	 
	 	  	Landlord’s Contribution * = $7.50 x 87,329  =	  	$	654,967.50	  	 	 
	 	  	 	  	
	
	  	 	 
	 	  	 	  	$	1,288,102.75	  	 	 
	 Amortize $1,288,102.75 on a straight-line basis
	  	 	 	  	 	 
	 At a 9% interest rate to the Cancellation Date
	  	 	 	  	$	511,015.04
	 	  	 	  	 	 	  	
	

	 	  	 Cancellation Fee =
	  	 	 	  	$	951,668.58

	*	Does not include additional Landlord’s Contribution under Article 8 of Exhibit D which, if taken, must be amortized on a straight-line basis at a 9% interest rate from the time
paid to Tenant to the Cancellation Date. 

  

 Exhibit C-1 

 EXHIBIT D 
  
 WORK LETTER 
  
 ARTICLE 1 
  
 LEASEHOLD IMPROVEMENTS 
  
 Tenant, at its sole cost and expense, but subject to payment of the Landlord’s Contribution (as hereinafter defined) shall perform, or cause to be
performed, the work (the “Leasehold Improvements”) in the Premises provided for in the Plans (as hereafter defined) submitted to and approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed.
Landlord’s review and approval of the Plans or any other submission of Tenant shall create no responsibility or liability on the part of Landlord for such compliance or for their completeness or design sufficiency. In addition, Landlord agrees
that Tenant shall not have to remove any of the Leasehold Improvements upon the expiration or earlier termination of this Lease. The Leasehold Improvements shall include the installation of two (2) shower stalls in the Premises. Landlord agrees to
reimburse Tenant for the cost of the showers (single stall showers on each of the 2nd and 3rd floors in the existing rooms adjacent to the men’s rooms) not to exceed $40,000 (which amount shall be in addition to
Landlord’s Contribution). Landlord shall pay the amount incurred by Tenant in connection with the installation of the showers (not to exceed the capped amount) within thirty (30) days of receipt of an invoice therefore. 
  
 ARTICLE 2 
  
 CONDITION OF THE PREMISES 
  
 Tenant shall accept the Premises in its “As-Is” condition for the
purpose of commencing the Leasehold Improvements. However, nothing in this Work Letter shall alter Landlord’s obligations with respect to the Premises, including without limitation Landlord’s obligations under Article 9 of the Lease and
Exhibit H to the Lease. 
  
 ARTICLE 3 
  
 PRE-CONSTRUCTION ACTIVITIES 
  
 (a) Prior to commencing Tenant’s construction of
Leasehold Improvements, Tenant shall submit the following information and items to Landlord for Landlord’s review and approval: 
  

	 	(i)	An estimated construction schedule including the scheduled commencement date of construction of the Leasehold Improvements, milestone dates and the estimated date of completion of
construction. 

  

 Exhibit D-1 

	 	(ii)	An itemized statement of estimated construction costs, including permits and architectural and engineering fees. 

  

	 	(iii)	The names and addresses of Tenant’s contractors (and the Tenant’s contractor’s subcontractors and vendors) to be engaged by Tenant for the Leasehold Improvements
(collectively, “Tenant’s Contractors”). Landlord has the right to reasonably approve or disapprove Tenant’s Contractors. 

  

	 	(iv)	The name and address of the architect to be engaged by Tenant for the Leasehold Improvements (“Tenant’s Architect”), and Tenant’s Architect’s written
statement that Tenant’s Architect has visited the site, reviewed existing conditions as such conditions affect the Plans and construction of the Leasehold Improvements. Landlord has the right to reasonably approve or disapprove Tenant’s
Architect. Landlord hereby approves Fennie Mahl Architects as Tenant’s Architect. 

  

	 	(v)	Copies of insurance certificates or binders of insurance as hereinafter described. Tenant shall not permit Tenant’s Contractors to commence work until the required insurance
has been obtained and verification has been delivered to Landlord. 

  

	 	(vi)	The Plans for the Leasehold Improvements, which Plans shall be subject to Landlord’s reasonable approval in accordance with Paragraph 3(b) below. 

  
 Tenant will update such information and items by notice to Landlord of any
material changes. Tenant may supply the items called for in (a)(i) through (a)(iii) and (a)(vi) above in phases, as necessary to accommodate the phased commencement and/or completion of the Leasehold Improvements. For example, Tenant may submit
Plans for demolition of existing Premises Improvements and, upon landlord’s approval thereof and issuance of necessary permits, Tenant may commence demolition work despite the fact that Landlord has not yet approved Tenant’s Plans for the
Leasehold Improvements. 
  
 (b) As used herein the
term “Plans” shall mean full and detailed construction drawings, architectural and engineering plans and specifications covering the Leasehold Improvements (including, without limitation, architectural, mechanical, electrical, life safety,
fire protection and plumbing working drawings for the Leasehold Improvements). Subject to Landlord’s Contribution, Tenant shall pay all costs and expenses of preparing the Plans, but in no case shall Tenant be obligated to supply greater detail
in its Plans than that required by governmental authorities and contractors. The Plans shall be subject to Landlord’s reasonable approval and the approval of all local governmental authorities requiring approval, if any. Landlord shall give its
approval or disapproval (giving reasons in case of disapproval) of the Plans within seven (7) days after their 

  

 Exhibit D-2 

 
delivery to Landlord. If Landlord does not respond within such seven (7) day period, Landlord’s approval shall be deemed given. Landlord agrees not to
unreasonably withhold its approval of said Plans; provided, however, that Landlord shall not be deemed to have acted unreasonably if it withholds its consent because, in Landlord’s reasonable opinion: (i) the Leasehold Improvements are likely
to adversely affect Building systems, the structure of the Building or the safety of the Building; (ii) the Leasehold Improvements would adversely affect Landlord’s ability to furnish services to Tenant or other tenants; (iii) the Leasehold
Improvements would violate any governmental laws, rules or ordinances; (iv) the Leasehold Improvements contain or would require the use of hazardous or toxic materials in violation of Requirements; (v) the Leasehold Improvements would adversely
affect the exterior appearance of the Building; or vi) the Leasehold Improvements would adversely affect another tenant’s premises. The foregoing reasons, however, shall not be exclusive of the reasons for which Landlord may withhold consent,
whether or not such other reasons are similar or dissimilar to the foregoing. Landlord shall cooperate with Tenant by discussing or reviewing preliminary plans and specifications at Tenant’s request prior to completion of the full, final
detailed Plans in order to expedite the preparation of and the subsequent approval process concerning the final Plans. If Landlord notifies Tenant that changes are required to the final Plans submitted by Tenant, Tenant shall submit to Landlord, for
its approval, the Plans amended in accordance with the changes so required. Such submission of revised Plans shall be accompanied by a written point by point response from Tenant specifically responding to any disapprovals or other responses
delivered by Landlord to Tenant. The Plans shall also be revised, and the Leasehold Improvements shall be changed, to incorporate any work required in the Premises by any local governmental field inspector. Landlord’s approval of the Plans
shall in no way be deemed to be acceptance or approval of any element therein contained which is in violation of any applicable statutes, laws, ordinances, orders, codes, rules, regulations, building or fire codes or other governmental requirements.

  
 (c) No Leasehold Improvements shall be
undertaken or commenced by Tenant in the Premises until: 
  

	 	(i)	The Plans for the particular phase of the Leasehold Improvements have been submitted to and approved by Landlord pursuant to the terms hereof. 

  

	 	(ii)	All necessary building permits for the particular phase of the Leasehold Improvements have been obtained by Tenant. 

  

	 	(iii)	All required insurance coverages have been obtained by Tenant, it being understood that failure of Landlord to receive evidence of such coverage upon commencement of the Leasehold
Improvements shall not waive Tenant’s obligations to obtain such coverages. 

  

 Exhibit D-3 

 ARTICLE 4 
  
 CHARGES AND FEES 
  
 Prior to the Commencement Date, Landlord shall supply and pay for all reasonable and customary utilities needed for the performance of the Leasehold
Improvements. Subject to Article 8 below, Tenant shall be responsible for all other costs and expenses attributable to the Leasehold Improvements. 
  
 ARTICLE 5 
  
 CHANGE ORDERS 
  
 All material changes to the final Plans requested by Tenant must be approved by Landlord in advance of the implementation of such changes as part of the
Leasehold Improvements, such approval shall not be unreasonably withheld, conditioned or delayed. Failure of Landlord to respond to a written request to approve a change order within three (3) Business Days shall be deemed Landlord’s approval
of such change order. 
  
 ARTICLE 6 
  
 STANDARDS OF DESIGN AND CONSTRUCTION AND 
 CONDITIONS OF TENANT’S PERFORMANCE 
  
 All work done in or upon the Premises by Tenant shall be done according to the standards set forth in this Article 6, except as the same may be modified
in the Plans approved by both Landlord and Tenant. 
  
 (a) Tenant’s Plans and all design and construction of the Leasehold Improvements shall comply with all applicable statutes, ordinances, regulations, laws, codes and industry standards, including, but not limited to, requirements of
Landlord’s fire insurance underwriters and the requirements of the Americans With Disabilities Act. Approval by Landlord of the Plans shall not constitute a waiver of this requirement or assumption by Landlord of responsibility for compliance.

  
 (b) Tenant shall, at its own cost and
expense, but subject to payment by Landlord of Landlord’s Contribution under Article 8 below, obtain all required building permits and, when construction has been completed, shall, at its own cost and expense, obtain an occupancy permit for the
Premises, which shall be delivered to Landlord. Tenant’s failure to obtain such permits shall not cause a delay in the Rent Commencement Date, or the payment of Rent and performance of other obligations under the Lease. 
  
 (c) Tenant’s Contractors shall be licensed contractors,
possessing good labor relations, capable of performing quality workmanship and working in harmony with Landlord’s contractors and subcontractors and with other contractors and subcontractors in the Project. 
  

 Exhibit D-4 

 (d) Tenant shall use only new, first-class materials in the Leasehold Improvements
generally of a quality level of building standard, except where explicitly shown in the Plans approved by Landlord and Tenant. Such approval of Landlord shall not be unreasonably withheld, conditioned or delayed. 
  
 (e) Tenant and Tenant’s Contractors, in performing
work, shall cooperate with other tenants and occupants of the Project so that the parties shall not interfere with each other’s work. Construction equipment and materials are to be kept within the Premises (or in such areas outside of the
Premises as Landlord may designate for such purpose) and delivery and loading of equipment and materials shall be done at such locations and at such time as Landlord shall reasonably direct so as not to unreasonably burden the operation of the
Project. 
  
 (f) Tenant shall permit access to
the Premises, and the Leasehold Improvements shall be subject to inspection, by Landlord and Landlord’s architects, engineers, contractors and other representatives, at all times during the period in which the Leasehold Improvements are being
constructed and installed and following completion of the Leasehold Improvements. With respect to such inspections, Landlord shall take reasonable steps to minimize any unreasonable burden or delay to the progress of Tenant’s work. 

 
 (g) Tenant shall notify Landlord upon completion of the
Leasehold Improvements and shall furnish Landlord with such further documentation as may be necessary under Article 8 below. 
  
 (h) Tenant shall have no authority to materially deviate from the Plans in performance of the Leasehold Improvements, except as authorized
by Landlord and its designated representative in writing. Tenant shall furnish to Landlord “as-built” drawings of the Leasehold Improvements. Such record drawings shall be submitted in a final package by Tenant’s general contractor to
Landlord within one hundred eighty (180) days after completion of the Leasehold Improvements. Final disbursement of any remaining amounts of Landlord’s Contribution will not occur until such record drawings have been received by Landlord.

  
 (i) Tenant shall impose on and enforce all
applicable terms herein against Tenant’s Architect and Tenant’s Contractors. 
  

 Exhibit D-5 

 ARTICLE 7 
  
 INSURANCE AND INDEMNIFICATION 
  
 (a) In addition to any insurance which may be required under the Lease, Tenant shall secure, pay for and maintain or cause Tenant’s
Contractors to secure, pay for and maintain during the continuance of construction and fixturing work within the Premises, insurance in the following minimum coverages and limits of liability: 
  

	 	(i)	Tenant Workmen’s Compensation and Employer’s Liability Insurance with limits of not less than $500,000.00, or such higher amounts as may be required from time to time by
any employee benefit acts or other statutes applicable where the work is to be performed, and in any event sufficient to protect Tenant’s Contractors from liability under the aforementioned acts. 

  

	 	(ii)	If applicable, Comprehensive General Liability Insurance including Broad Form Contractual, Broad Form Property Damage, Personal Injury, Completed Operations and Products coverages
(such Completed Operations and Products shall be provided for a period of three (3) years after the date of final acceptance of the Leasehold Improvements), and deletion of any exclusion pertaining to explosion, collapse and underground property
damage hazards, with limits of not less than $5,000,000.00 combined single limit for bodily injury and property damage for each general contractor and $2,000,000 combined single limit for bodily injury and property damage for each subcontractor.

  

	 	(iii)	Comprehensive Automobile Liability Insurance including Owned, Non-Owned and Hired Car coverages, with limits of not less than $1,000,000.00 combined single limit for both bodily
injury and property damage. 

  

	 	(iv)	 “All-risk” builder’s risk insurance upon the entire Leasehold Improvements to the full insurable value thereof. This insurance shall include the
interests of Landlord and Tenant (and their respective contractors and subcontractors of any tier to the extent of any insurable interest therein) in the Leasehold Improvements and shall insure against the perils of fire and extended coverage and
shall include “all-risk” builder’s risk insurance for physical loss or damage including, without duplication of coverage, theft, vandalism and malicious mischief. If portions of the Leasehold Improvements are stored off the site of
the Building or in transit to said site and are not covered under said “all-risk” builder’s risk 

  

 Exhibit D-6 

	 	 
insurance, then Tenant shall secure and maintain similar property insurance on such portions of the Leasehold Improvements. Any loss insured under said
“all-risk” builder’s risk insurance is to be adjusted between Landlord and Tenant, as their interests may appear. 

  
 All policies (except the workmen’s compensation policy) shall be endorsed to include as additional insured parties Landlord and its partners,
directors, officers, employees and agents, Landlord’s contractors, Landlord’s architects, and such additional persons as Landlord reasonably may designate. The waiver of subrogation provisions contained in the Lease shall apply to all
insurance policies (except the Tenant Workmen’s Compensation policy) to be obtained by Tenant pursuant to this paragraph. The insurance policy endorsements shall also provide that all additional insured parties shall be given thirty (30)
days’ prior written notice of any reduction, cancellation or non-renewal of coverage (except that ten (10) days’ notice shall be sufficient in the case of cancellation for non-payment of premium) and shall provide that the insurance
coverage afforded to the additional insured parties thereunder shall be primary to any insurance carried independently by said additional insured parties. Additionally, where applicable, each policy shall contain a cross-liability and severability
of interest clause. 
  
 (b) Without limitation of
the indemnification provisions contained in the Lease, to the fullest extent permitted by law Tenant agrees to indemnify, protect, defend and hold harmless Landlord, Landlord’s contractors and Landlord’s architects and their partners,
directors, officers, employees and agents, from and against all claims, liabilities, losses, damages and expenses of whatever nature arising out of or in connection with the Leasehold Improvements or the entry of Tenant or Tenant’s Contractors
into the Project and the Premises, including, without limitation, mechanic’s liens or the cost of any repairs to the Premises or Project necessitated by activities of Tenant or Tenant’s Contractors and bodily injury to persons or damage to
the property of Tenant, its employees, agents, invitees, licensees or others, except and to the extent that such claims, liabilities, losses, damages and expenses arise out of the negligent act or omission of Landlord or any Landlord’s Party.
It is understood and agreed that the foregoing indemnity shall be in addition to the insurance requirements set forth above and shall not be in discharge of or in substitution for same or any other indemnity or insurance provision of the Lease.

  
 ARTICLE 8 
  
 LANDLORD’S CONTRIBUTION 
  
 (a) Provided that no Event of Default exists, Landlord shall
contribute Landlord’s Contribution (as set forth in the Basic Lease Information section of the Lease) as Landlord’s share of the cost of the Leasehold Improvements and Tenant shall have sole responsibility for the payment of any excess of
the cost of the Leasehold Improvements over the amount of the Landlord’s Contribution. If Landlord’s 

  

 Exhibit D-7 

 
Contribution exceeds the cost of the Leasehold Improvements, the excess may be used by Tenant to offset or defray moving expenses, phone/data cabling and
other related costs. Tenant shall not be entitled to a credit or other payment for any portion of the Landlord’s Contribution not used prior to the first anniversary of the Commencement Date. Landlord’s payments for the Leasehold
Improvements shall be made as costs of the Leasehold Improvements are incurred based on an application for payment reasonably approved by Landlord, except that ten percent (10%) of the amount due from Landlord will be withheld by Landlord until
Tenant satisfies the terms of Article 6(h) hereof, at which time such funds will be promptly released to Tenant. At any time prior to December 1, 2005, Tenant shall have the right by written notice to Landlord to increase the amount of the
Landlord’s Contribution by up to $436,645. If Tenant makes such election, monthly Base Rent payable during the initial Term of this Lease shall increase by the amount necessary to amortize the amount of the increase in the Landlord’s
Contribution on a straight line basis over the remainder of the initial Term after such election using an interest rate of 9% per annum. 
  
 (b) Periodically, but not more frequently than once per month, Tenant may submit to Landlord a payment request for costs of the Leasehold
Improvements incurred naming the parties to be paid and the respective amounts of such payments, which payment request shall be accompanied by a statement in writing by Tenant stating the various contracts entered into by Tenant for the Leasehold
Improvements for which Tenant desires reimbursement through Landlord’s Contribution and with respect to each: the total contract price of all labor, work, services and materials; the amounts theretofore paid thereon; and the amount requested
for the current disbursement, and such other documentation as Landlord shall reasonably request. Provided such documentation is submitted by the 20th day of a month, Landlord will approve or disapprove such documentation, or portions thereof, by the
1st day of the following month. If Landlord disapproves of any such documentation, Landlord shall notify Tenant of the reason therefor. Thereafter, to the extent such documentation is approved, payment shall be made no later than the 20th day of the
month following receipt by Landlord of the payment request and accompanying documentation. 
  
 (c) Within one hundred eighty (180) days after receipt of the final Certificate of Occupancy, Tenant shall submit to Landlord a detailed
breakdown of the total amount of the costs of the Leasehold Improvements, together with final waivers of liens, contractors’ affidavits, and architects’ certificates in such form as may be reasonably required by Landlord, Landlord’s
title insurance company and Landlord’s lender, if any, from all parties performing labor or supplying materials or services in connection with the Leasehold Improvements, showing that all of said parties have been compensated in full and
waiving all liens in connection with the Premises and Project. 
  

 Exhibit D-8 

 ARTICLE 9 
  
 LANDLORD’S WORK 
  

(a) Landlord shall promptly commence and diligently and continuously prosecute to completion Landlord’s Work. The phrases
“Substantially Complete,” “Substantially Completed,” and “Substantial Completion,” as applied to Landlord’s Work, shall refer to (i) Landlord having substantially completed the construction of the Landlord’s
Work in accordance with the plans approved by Tenant pursuant to Exhibit H, subject only to completion of minor items as ordinarily would be included on an architect’s “punchlist” and which do not materially interfere with or prevent
the occupancy and use of the Premises by Tenant, and (ii) certification by Landlord’s contractor that the Landlord’s Work is Substantially Complete. 
  

(b) Upon Substantial Completion of Landlord’s Work, Landlord, Tenant and their respective architects shall inspect the Premises
and prepare a punchlist identifying all work needed to complete the Landlord’s Work (the “Punchlist”). Landlord shall promptly commence and diligently and continuously prosecute to completion all work needed to correct the Punchlist
items. 
  
 ARTICLE 10 
  
 MISCELLANEOUS 
  
 (a) Except as expressly set forth in this Work Letter and for
Landlord’s Work pursuant to Exhibit H to the Lease, or as set forth elsewhere in the Lease, Landlord has no agreement with Tenant and has no obligation to do any work with respect to the Premises. 
  
 (b) Notices hereunder shall be given in the same manner as
under the Lease. 
  
 (c) The liability of
Landlord hereunder or under any amendment hereto or any instrument or document executed in connection herewith shall be limited as provided in the Lease. 
  
 (d) The headings set forth herein are for convenience only. 
  
 (e) This Work Letter sets forth the entire agreement of Tenant and Landlord regarding the Leasehold
Improvements, and may only be amended if in writing, duly executed by both Landlord and Tenant. 
  
 (f) This Work Letter shall not be deemed applicable to any additional space added to the original Premises at any time or from time to
time, whether by any options under the Lease or otherwise, or to any portion of the original Premises or any additions thereto in the event of a renewal or extension of the original term of the Lease, whether by any options under the Lease or
otherwise, unless expressly so provided in the Lease or any amendment or supplement thereto. 
  

 Exhibit D-9 

 EXHIBIT E 
  
 FORM OF COMMENCEMENT NOTICE 
  
 This Commencement Notice is delivered this      day of
            , 2005, by Prentiss Properties Acquisition Partners, L.P., a Delaware limited partnership (“Landlord”), to Atheros Communications, Inc., a
             corporation (“Tenant”), pursuant to the provisions of Section 3.1 of that certain Lease Agreement (the “Lease”) dated
                    , 2005, by and between Landlord and Tenant covering certain space in the Building known as 5480 Great America Parkway,
Santa Clara, California. All terms used herein with their initial letter capitalized shall have the meaning assigned to such terms in the Lease. 
  
 W I T N E S S E T H: 
  
 1. Tenant has accepted possession of the Premises, the Building and the
Landlord’s Work and all such Landlord’s Work has been satisfactorily completed by Landlord and accepted by Tenant, subject only to the completion of “Punchlist” items. 
  
 2. Landlord has fulfilled all of its duties of an inducement nature, and is not in default in any manner in the performance
of any of the terms, covenants, or provisions of the Lease, except as follows:
                                        
                                        
        . 
  
 3. The
Commencement Date of the Lease is the      day of             , 20    , and the Expiration Date is the
     day of             , 20    . 
  
 4. The Base Rent shall be the amounts set forth on the Base Rent Schedule with payments of Base Rent of
$            , beginning             , 20    , subject, however, to such increases as
provided in the Lease. 
  

			
	 Period

	 	 Base Rent Per Month

  

 Exhibit E-1 

			
	 Period

	 	 Base Rent Per Month

  
 5. Remittance of the
foregoing payments shall be made on the first day of each month in accordance with the terms and conditions of the Lease at the following address: 
  
 Prentiss Properties Acquisition Partners, L.P. 
 P.O. Box 100435 
 Pasadena, CA 91189-0435 
  
 6. The current Operating
Costs Payment under Section 6.1.A is $             per month. Operating Costs are estimated each year and revised information shall be provided to Tenant. Pursuant to Article 6 of
the Lease, Tenant shall be responsible for Tenant’s Share of Operating Costs. Pursuant to Article 5 of the Lease, Tenant shall be responsible for Tenant’s Share of Taxes. 
  
 7. If Tenant exercises the Termination Option under Section 3.3 of the Lease, the Cancellation Fee for costs incurred
through the date hereof shall be $            , subject to increase if the Landlord’s Contribution increases pursuant to Article 8 of the Work Letter. 
  

 Exhibit E-2 

 IN WITNESS WHEREOF, this instrument has been duly executed by Landlord and Tenant as of the date
first written above. 
  

					
	LANDLORD:
	
	PRENTISS PROPERTIES ACQUISITION PARTNERS, L.P., a Delaware limited partnership
		
	By:	 	Prentiss Properties, Inc., a Delaware corporation, general partner
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
	
	TENANT:
	
	ATHEROS COMMUNICATIONS, INC., a Delaware corporation
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

 Exhibit E-3 

 EXHIBIT F 
  
 INVENTORY LIST 
  
 Teknion Workstation Summary 
  

					
	 Location

	  	 Quantity

	  	 Description

	 Bldg 10 1st Floor
	  	 84
	  	 8x8 Teknion Contributor Cube

	 	  	 21
	  	 8x12 Teknion Mgr. Cube

	 	  	 11
	  	 Printer Station

			
	 Bldg 10 2nd Floor
	  	 80
	  	 8x8 Teknion Contributor Cube

	 	  	 8
	  	 8x10 Teknion Contributor Cube

	 	  	 20
	  	 8x12 Teknion Mgr. Cube

	 	  	 10
	  	 Printer Station

	 	  	 3
	  	 Storage Station

			
	 Bldg 10 3rd Floor
	  	 88
	  	 8x8 Teknion Contributor Cube

	 	  	 2
	  	 8x10 Teknion Contributor Cube

	 	  	 21
	  	 8x12 Teknion Mgr. Cube

	 	  	 7
	  	 Printer Station

  
 Ancillary Furniture Summary

  

					
	 Location

	  	Quantity

	  	 Description

	 Bldg 10 1st Floor
	  	 	  	 
	 Conference Rooms
	  	7	  	 Conference Rooms with Tables and Chairs

			
	 Bldg 10 2nd Floor
	  	 	  	 
	 Conference Rooms
	  	8	  	 Conference Rooms with Tables and Chairs

			
	 Bldg 10 3rd Floor
	  	 	  	 
	 Conference Rooms
	  	7	  	 Conference Rooms with Tables and Chairs

  

 Exhibit F-1 

 Miscellaneous 
  

	
	 Building 10 1st Floor
  

	 4 Credenza

	 8 Whiteboards

	 38 Artwork

	 1 Refrigerator

	
	 Building 10 2nd Floor
  

	 8 Credenza

	 9 Whiteboards

	 36 Artwork

	 1 Refrigerator

	
	 Building 10 3rd Floor
  

	 6 Credenza

	 9 Whiteboards

	 26 Artwork

	 2 Refrigerators

	
	 Building 10
  

	 1 PXN Network Security panel

	 1 PX Security Panel

	 32 CASI-RUSCO 940 series 40-bit proximity Card Readers

  

 Exhibit F-2 

 EXHIBIT G 
  
 TENANT CREDIT ADJUSTMENT 
  
 TENANT CREDIT ADJUSTMENT 
  

			
	 Credit Rating
	 	 Rate Reduction

		
	     BBB-
	 	 0

		
	     BBB
	 	 15 Basis Points

		
	     BBB+
	 	 35 Basis Points

		
	     A-
	 	 60 Basis Points

		
	     A/A+
	 	 85 Basis Points

		
	     AA-
	 	 110 Basis Points

		
	     AA+
	 	 135 Basis Points

		
	     AAA
	 	 150 Basis Points

  

 Exhibit G-1 

 EXHIBIT H 
  
 LANDLORD’S WORK 
  

New Lobby Expansion - Revised Construction Drawings prepared by Studios Architecture (dated 11.16.04).  
  
 Grade Level Improvements – Permit Submission Drawings prepared by Studios Architecture
(dated 4.7.05), as revised on 4.11.05 to show Option 1 and Option 2 for Second Loading Zone. 
  
 [Diagram of floor plans for Option 1 and Option 2 of second loading zone]  
  

 Exhibit H-1 

 EXHIBIT I 
  
 HAZARDOUS SUBSTANCES 
  

lead solder (12 pounds) 
 cyanoacrylate adhesive (for gluing boards, < 1
liter) 
 alcohol (for cleaning boards, < 1 gallon) 
 electronic solvent (for cleaning sockets, < 1 gallon) 
 heat transfer fluid (antifreeze in recirculating chillers, ~10 gals) 
 liquid nitrogen (future capability, est. 80 gallons to be stored in parking garage and piped to first floor lab) 
 air compressor oil (for air compressor, < 1 gallon) 
 lacquer thinner (glue
for acrylic sheets, < 1 gallon) 
 water flux (1 gallon) 
  

 Exhibit H-1 

 RIDER NO. 1 
  
 RULES AND REGULATIONS 
  

1. Sidewalks, doorways, vestibules, halls, stairways and similar areas shall not be obstructed by tenants or their officers, agents, servants, and
employees, or used for any purpose other than ingress and egress to and from the Premises and for going from one part of the Project to another part of the Project. 
  
 2. Plumbing fixtures and appliances shall be used only for the purpose for which constructed, and no sweepings, rubbish,
rags, or other unsuitable material shall be thrown or placed therein. 
  
 3. Subject to the terms and conditions of the Lease, no signs, posters, advertisements, or notices shall be painted or affixed on any of the windows or doors, or other part of the Building, visible from the exterior of the Premises.

  
 4. The Premises shall not be used for conducting any barter,
trade, peddling, or exchange of goods or sale through promotional give-away gimmicks or any business involving the sale of second-hand goods, insurance salvage stock, or fire sale stock, and shall not be used for any auction or pawnshop business,
any fire sale, bankruptcy sale, going-out-of- business sale, moving sale, bulk sale, or any other business which, because of merchandising methods or otherwise, would tend to lower the first-class character of the Project. 
  
 5. Tenants shall not do anything, or permit anything to be done, in or about
the Project, or bring or keep anything therein, that will in any way increase the possibility of fire or other casualty or obstruct or interfere with the rights of, or otherwise injure or annoy, other tenants, or do anything in conflict with the
valid pertinent laws, rules, or regulations of any governmental authority. 
  
 6. Tenant shall not place a load upon any floor of the premises which exceeds the floor load per square foot which such floor was designed to carry or which is allowed by applicable building code. Landlord may
reasonably prescribe the weight and position of all safes and heavy installations which Tenant desires to place in the Premises so as properly to distribute the weight thereof. 
  
 7. A tenant shall notify the Project manager when safes or other heavy equipment are to be taken into or out of any
Building. Moving of such items shall be done under the supervision of the Project manager, after receiving written permission from him/her. A tenant shall be required to use protective coverings on walls, elevators and floors to prevent damage
caused by the moving of such items. 
  
 8. Corridor doors, when
not in use, shall be kept closed. 
  
 9. All deliveries must be
made in such a manner so as not to disturb any other occupants of the Project. 

 10. Each tenant shall cooperate with Project employees in keeping the Project neat and clean. 

 
 11. Nothing shall be swept or thrown into the corridors, halls, elevator
shafts, or stairways. No birds, animals (except guide dogs), or reptiles, or any other creatures, shall be brought into or kept in or about the Project. 
  
 12. Tenants shall not make or permit any offensive noises or odors in the Project, or otherwise interfere in any way with other tenants or persons having
business with them. 
  
 13. No equipment of any kind shall be
operated in the Premises that could unreasonably annoy any other tenant in the Project. 
  
 14. Business machines and mechanical equipment belonging to Tenant which cause noise and/or vibration that may be transmitted to the structure of the Building so as to be objectionable to Landlord or any tenants in
the Project shall be placed and maintained by Tenant, at Tenant’s expense, in setting of cork, rubber, or spring type noise and/or vibration eliminators sufficient to eliminate vibration and/or noise. 
  
 15. Landlord has the right to evacuate the Project in event of emergency or
catastrophe. 
  
 16. If any governmental license or permit shall
be required for the proper and lawful conduct of Tenant’s business, Tenant, before occupying the Premises, shall procure and maintain such license or permit and submit it for Landlord’s inspection. Tenant shall at all times comply with the
terms of any such license or permit. 
  
 17. Tenants shall not be
allowed to prepare or cook food within the Premises other than employees of Tenants using a microwave or toaster oven installed in kitchens within the Premises to heat meals for their own consumption. 
  
 18. All locks and keys for entry doors and doors within the Premises shall be
provided by Landlord, at Tenant’s cost, except the initial entry doors locks and keys shall be at Landlord’s cost. 
  
 19. Landlord reserves the right to rescind any of these Rules and Regulations and make such other and further reasonable and non-discriminatory rules and
regulations not inconsistent with the express terms of the Lease, which Rules and Regulations when made and notice thereof given to a tenant shall be binding upon him in like manner as if originally herein prescribed. 
  
 20. Tenant shall comply with any policies, programs and measures as may be
reasonably necessary for the conservation, recycling and/or preservation of energy and natural resources imposed from time to time by any applicable Requirements. 
  
 21. The sashes, skylights, windows, and doors that admit light and air into the halls or other public places in the Project
shall not be obstructed, nor shall any parcels or other articles be placed on the window sills or on the peripheral air conditioning enclosures. 

 22. Tenant assumes full responsibility for protecting the Premises from theft and robbery. Upon the
request of the Landlord, the Tenant shall furnish to Landlord, information including the name and telephone number of an individual designated by Tenant who should be contacted in the case of an emergency, the name of all individuals to whom Tenant
has given entrance keys, and the names of all individuals authorized by Tenant to enter the Premises at other than business hours. 
  
 23. All entrance doors in the Premises shall be left locked by Tenant when the Premises are not in use. Entrance doors shall not be left open at any time.

  
 24. The Premises shall not be used for lodging or sleeping.

  
 25. Service requests shall be directed to the Project office.
Employees of Landlord shall not perform any work for Tenant unless under instructions from Landlord. 
  
 26. Smoking of tobacco products anywhere within the buildings of the Project is prohibited.

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