Document:

Lease between Green Mountain Analytics,LLC and ACC/GP Development LLC

 Exhibit 10.8 
 OFFICE LEASE AGREEMENT 
 FOR 

AVENTURA CORPORATE CENTER III — OFFICE BUILDING 
 20807 Biscayne Boulevard 
 Aventura, Florida 

TENANT: Green Mountain Analytics, LLC 

 INDEX 
  

							
	 PARAGRAPH
	  	PAGE	 
		
	SCHEDULE	  	 	1	  
	1.	 	DEFINITIONS	  	 	2	  
	2.	 	LEASE GRANT; LEASE TERM	  	 	3	  
	3.	 	USE	  	 	3	  
	4.	 	BASE RENTAL	  	 	4	  
	5.	 	OPERATING EXPENSES	  	 	4	  
	6.	 	SERVICES TO BE FURNISHED BY LANDLORD	  	 	7	  
	7.	 	CONDITION OF PREMISES	  	 	9	  
	8.	 	GRAPHICS	  	 	9	  
	9.	 	CARE OF THE PREMISES BY TENANT; SURRENDER	  	 	9	  
	10.	 	REPAIRS AND ALTERATIONS BY TENANT	  	 	10	  
	11.	 	PARKING	  	 	12	  
	12.	 	LAWS, REGULATIONS AND RULES	  	 	12	  
	13.	 	ENTRY BY LANDLORD; LIMITED ACCESS	  	 	12	  
	14.	 	ASSIGNMENT AND SUBLETTING	  	 	13	  
	15.	 	CONSTRUCTION LIEN	  	 	16	  
	16.	 	INSURANCE	  	 	16	  
	17.	 	WAIVER OF CLAIMS; WAIVER OF SUBROGATION	  	 	17	  
	18.	 	INDEMNIFICATION	  	 	17	  
	19.	 	CASUALTY DAMAGE	  	 	18	  
	20.	 	CONDEMNATION	  	 	18	  
	21.	 	EVENTS OF DEFAULT/REMEDIES	  	 	19	  
	22.	 	PEACEFUL ENJOYMENT	  	 	21	  
	23.	 	INTENTIONALLY OMITTED (RELOCATION)	  	 	21	  
	24.	 	HOLDING OVER	  	 	21	  
	25.	 	SUBORDINATION TO MORTGAGE	  	 	22	  
	26.	 	ESTOPPEL	  	 	22	  
	27.	 	INTENTIONALLY OMITTED (LANDLORD’S LIEN)	  	 	23	  
	28.	 	TELECOMMUNICATIONS	  	 	23	  
	29.	 	NO IMPLIED WAIVER	  	 	24	  
	30.	 	PERSONAL LIABILITY	  	 	24	  
	31.	 	SECURITY DEPOSIT	  	 	24	  
	32.	 	FORCE MAJEURE	  	 	25	  
	33.	 	HAZARDOUS MATERIAL	  	 	25	  
	34.	 	MISCELLANEOUS	  	 	25	  
	35.	 	GUARANTY	  	 	30	  
	36.	 	TEMPORARY SPACE	  	 	30	  

  

			
	EXHIBIT A	  	PREMISES FLOOR PLAN
	EXHIBIT B	  	COMMENCEMENT DATE AGREEMENT
	EXHIBIT C	  	BUILDING RULES AND REGULATIONS
	EXHIBIT D	  	WORK LETTER
	EXHIBIT E	  	INSURANCE OBLIGATIONS
	EXHIBIT F	  	PARKING RULES AND REGULATIONS
	EXHIBIT G	  	PROHIBITED USES
	EXHIBIT H	  	FORM OF GUARANTY
	EXHIBIT I	  	TEMPORARY SPACE

  
 i 

 OFFICE LEASE AGREEMENT 

THIS LEASE AGREEMENT (the “Lease”), is dated for reference purposes as of September 5, 2012, between ACC/GP
DEVELOPMENT LLC, a Florida limited liability company (“Landlord”), and the Tenant named in Item 1 of the Schedule (“Tenant”). 
 The following Schedule (the “Schedule”) is an integral part of this Lease and contains definitions of certain terms used in this Lease. 

SCHEDULE 
  

							
	1.	  	Name of Tenant:            Green Mountain Analytics, LLC, a Delaware limited liability company	  
			
	2.	  	Premises:	  	 	Suite #303	  
			
	3.	  	Rentable Square Feet in Premises:	  	 	3,500	  
			
	4.	  	Rentable Square Feet in Building:	  	 	91,511	  
			
	5.	  	Tenant’s Proportionate Share:	  	 	3.8247	% 
			
	6.	  	Security Deposit:	  	 	$22,295	  
			
	7.	  	Tenant’s Real Estate Broker:	  	 	none	  
			
	8.	  	Allowance (see Exhibit D):	  	 	$157,500 ($45 x 3,500 rsf)	  
			
	9.	  	Commencement Date (subject to Paragraph 2.2):	  	 	March 1, 2013	  
		
	10.	  	Expiration Date:            The day immediately preceding the 7th anniversary of the Commencement Date, unless the Expiration Date as
so determined would not fall on the last day of a calendar month, in which case the Expiration Date will be the last day of such calendar month	    
		
	11.	  	Tenant’s Address for Notices prior to taking possession of the Premises: Green Mountain Analytics, LLC, 800 Third Avenue, New York, NY 10022	   
		
	12.	  	Guarantor:            Liquid Holdings Group, LLC, a Delaware limited liability company	  

  
 1 

	1.	DEFINITIONS. 

 1.1
“Aventura I and II” means the office building known as Aventura Corporate Center I, located at 20801 Biscayne Boulevard, Aventura, Florida (“Aventura I”), and the office building known as Aventura Corporate Center
II, located at 20803 Biscayne Boulevard, Aventura, Florida, as well as the land on which such buildings are located. 
 1.2
“Base Rental” means the following amounts for the corresponding periods: 
  

													
	 Period
	  	Annual Base
Rental/RSF	 	  	Annual Base
Rental	 	  	Monthly Base
Rental	 
	 Commencement Date through the last day of the first Lease Year
	  	$	25.50	  	  	$	89,250.00	  	  	$	7,437.50	  
	 First day of the second Lease Year through the last day of the second Lease Year
	  	$	26.33	  	  	$	92,154.96	  	  	$	7,679.58	  
	 First day of the third Lease Year through the last day of the third Lease Year
	  	$	27.19	  	  	$	95,165.04	  	  	$	7,930.42	  
	 First day of the fourth Lease Year through the last day of the fourth Lease Year
	  	$	28.07	  	  	$	98,244.96	  	  	$	8,187.08	  
	 First day of the fifth Lease Year through the last day of the fifth Lease Year
	  	$	28.98	  	  	$	101,430.00	  	  	$	8,452.50	  
	 First day of the sixth Lease Year through the last day of the sixth Lease Year
	  	$	29.92	  	  	$	104,720.04	  	  	$	8,726.67	  
	 First day of the seventh Lease Year through the last day of the Lease Term
	  	$	30.89	  	  	$	108,114.96	  	  	$	9,009.58	  

 For purposes hereof, the term “Lease Year” means a period of 12 consecutive months beginning on the
Commencement Date or an anniversary thereof and ending on (and including) the day immediately preceding the following anniversary thereof during the Lease Term, except that (a) if the Commencement Date is not the first day of a calendar month,
then the first Lease Year will begin on the Commencement Date and end on (and include) the following anniversary of the last day of the calendar month in which the Commencement Date occurs, and each subsequent Lease Year will mean a period of 12
consecutive months beginning on an anniversary of the first day of the calendar month immediately following the calendar month in which the Commencement Date occurs and ending on (and including) the day immediately preceding the following
anniversary thereof during the Lease Term, and (b) the last Lease Year will end on the last day of the Lease Term. The first Lease Year in the Lease Term may be more or less than 12 calendar months; the last Lease Year in the Lease Term may be
less than 12 calendar months. The Base Rental (plus sales tax) due for the first full month during the Lease Term for which Base Rental is due is required to be deposited with Landlord by Tenant at the time of execution hereof. 

1.3 The “Building” means the office building within the Property. 

1.4 “Building Standard” means the type, brand or quality of materials, amount, level of performance, or standards, as
the case may be, as established in this Lease or in the Building Rules and Regulations, or as designated from time to time by Landlord, to be the minimum quality to be used in the Building or the exclusive type, grade or quality of material to be
used in the Building. 
 1.5 “Common Areas” means those areas of the Property devoted to corridors, elevator
foyers, restrooms, mechanical rooms, elevators, janitorial closets, electrical and telephone closets, vending areas, parking areas, driveways, sidewalks and landscaped areas, and other similar facilities provided for the common use or benefit of
tenants of the Property generally and/or the public, but excluding Shared Exterior Common Areas. Landlord reserves the right to relocate, add or delete Common Areas in Landlord’s reasonable discretion. 

1.6 “Shared Exterior Common Areas” means the portion of the Property, Aventura, and other tracts of real property (if
any) comprising the multi-building complex in which the Building is located, including, without limitation, Aventura I and II) which are not located within the Building (or other building in the multi-building complex) and which are provided and
maintained for the common use and benefit of Landlord and tenants of the Building (or multi-building complex) generally and the employees, invitees and licensees of Landlord and such tenants; including, without limitation, all parking areas,
enclosed or otherwise, and all streets, sidewalks and landscaped areas. 

  
 2 

 1.7 “Lease Term” means the period beginning on the Commencement Date and
ending on the Expiration Date (subject to Paragraph 2.2). 
 1.8 The “Premises” are outlined on the diagram
attached as Exhibit A. The Premises are stipulated for all purposes to contain the number of rentable square feet as set forth in the Schedule. Unless otherwise expressly provided herein, any statement of square footage set forth in this
Lease, or that may have been used in calculating rental, is an approximation which Landlord and Tenant agree is reasonable and, except as otherwise set forth in Paragraph 5.1(b), the rental based thereon is not subject to revision whether or not the
actual square footage is more or less. 
 1.9 “Property” means the land and building complex currently known as
Aventura Corporate Center III, located at 20807 Biscayne Boulevard, Aventura, Florida. 
 1.10 “Service Areas”
means those areas within the outside walls used for elevator mechanical rooms, building stairs, fire towers, elevator shafts, flues, vents, stacks, pipe shafts and vertical ducts (but excluding any such areas for the exclusive use of a
particular tenant). 
 1.11 “Tenant Party” means any of the following persons: Tenant; any assignees claiming
by, through, or under Tenant; any subtenants claiming by, through, or under Tenant; and any of their respective agents, contractors, employees, licensees, guests and invitees. 
 1.12 “Work Letter” means the Work Letter attached as Exhibit D. 
  

	2.	LEASE GRANT; LEASE TERM. 

 2.1
Subject to and upon the terms herein set forth, Landlord leases to Tenant and Tenant leases from Landlord the Premises. This Lease will continue in force during a period beginning on the Commencement Date and continuing until the Expiration Date,
unless this Lease is terminated on an earlier date or extended to a later date under any other term or provision of this Lease. 

2.2 Landlord will proceed diligently and use reasonable efforts to deliver to Tenant possession of the Premises with the Work (as defined
in the Work Letter attached hereto as Exhibit D) substantially completed on or before the Commencement Date specified in Item 9 of the Schedule on page 1 of this Lease, but Landlord will have no liability to Tenant for failure to deliver to
Tenant possession of the Premises with the Work substantially completed by such date. If Landlord fails to deliver possession of the Premises by such date with the Work substantially completed for any reason other than a Tenant Delay (as defined in
the Work Letter), the Commencement Date will be deferred until Landlord delivers possession of the Premises with the Work substantially completed. If Landlord fails to deliver possession of the Premises with the Work substantially completed by the
date specified in Item 9 of the Schedule due to a Tenant Delay, then the Commencement Date will not be deferred. If Tenant takes possession of the Premises for the conduct of business prior to the date specified in Item 9 of the Schedule,
then the Commencement Date will be the date on which Tenant takes possession of the Premises. Landlord and Tenant agree, upon demand by the other, to execute and deliver a Commencement Date Agreement in the form of Exhibit B attached. If
Landlord makes such demand upon Tenant but Tenant fails to respond within 15 days, then Tenant will be deemed to have agreed with Landlord as to the information set forth in the Commencement Date Agreement so delivered by Landlord to Tenant.

  

	3.	USE 

 3.1 Subject to the
restrictions set forth in this Paragraph 3.1 and to the restrictions set forth in Paragraph 3.2, Tenant will use and occupy the Premises for the following uses, in each case consistent with a Class A office building in and about Aventura,
Florida, and for no other use or purpose: General office use, consistent with a first class office building. Without in any way expanding upon the foregoing uses permitted, Tenant expressly agrees that Tenant shall not permit the Premises to be used
for any of the uses or purposes set forth in Exhibit G. 

  
 3 

 3.2 Tenant agrees not to use or permit the use of the Premises for any purpose which is
illegal, or which, in Landlord’s reasonable opinion, creates a nuisance or which would increase the cost of insurance coverage with respect to the Property. Landlord reserves the right to grant to anyone the exclusive right to conduct any
business or render any service in the Property; such exclusive right will not operate to exclude Tenant from using the Premises for the conduct of the type and manner of business being conducted by Tenant from the Premises at the time Landlord
grants such exclusive use. 
  

	4.	BASE RENTAL. 

 Tenant will pay to
Landlord during the Lease Term without any setoff or deduction whatsoever, the Base Rental and all such other money that becomes due hereunder as additional rent, all of which are sometimes herein collectively called “rent”.
The annual Base Rental then in effect for each calendar year or portion thereof will be due and payable in 12 equal installments on the first day of each calendar month during the Lease Term. Tenant agrees to pay all such sums in advance, and
without demand. Tenant will pay all rent due to Landlord at Landlord’s address in accordance with Paragraph 34.14. If the Lease Term commences on a day other than the first day of a month, or terminates on a day other than the last day of a
month, then the installments of Base Rental and any other rent due for such month or months will be prorated, based on the number of days in such month. Tenant will pay all sales taxes, governmental surcharges and the like levied or assessed against
all rent payments due under this Lease simultaneously with each rent payment required. 
  

	5.	OPERATING EXPENSES. 

5.1 For the purposes of this paragraph, the following definitions apply: 

(a) “Operating Expenses” means all direct and indirect costs and expenses in each calendar year paid or incurred by
Landlord in connection with operating, maintaining, insuring, managing and owning the Property, including, without limitation, real estate taxes and assessments of the Property, all reasonable costs and expenses (including, without limitation, legal
fees and court costs) charged for the protest or the reduction of any of the aforesaid taxes and assessments (regardless of whether such protest or reduction is ultimately successful), costs and expenses in connection with the parking areas and any
parking garages serving the Building, and the Property’s allotted share from time to time of the Operating Expenses from the Shared Exterior Common Areas. As to expenses incurred in connection with operating, maintaining, insuring, managing and
owning the Property as well as Aventura I and II, Landlord will allocate such expenses among the Property and Aventura I and II in a fair and equitable manner, and those expenses so allocated to the Property will be included in Operating Expenses.
Operating Expenses will include, without limitation, the cost of electricity (and related charges) for the Common Areas, as well as the cost of electricity (and related charges) for tenants’ premises in the Building, except that the cost of
electricity and related charges for tenants’ premises in the Building will not, for any tenant’s premises, exceed $2 per rentable square foot of space in such tenant’s premises per year (prorated with respect to months or partial
years). Operating Expenses will not include the cost of capital improvements, depreciation, interest, lease commissions, principal payments on mortgage and other non-operating debts of Landlord, and expenses for repairs or other work occasioned by a
casualty, to the extent that such expenses are required to be covered by Landlord’s insurance as described in Section 1.2 of Exhibit E (provided that all costs which are not recoverable under such insurance as a result of any
deductible amount shall be included as Operating Expenses). Operating Expenses will, however, include the amortization (plus interest) of the cost of capital improvements which are primarily for the purpose of reducing Operating Expenses, or which
are required by governmental authorities. In addition, Operating Expenses will include items which are generally considered maintenance and repair items, such as, but not limited to, landscaping, painting of Common Areas, replacement of carpet in
elevator lobbies and common corridors, replacing broken windows, and the like. If a change in real estate taxes is obtained for any year of the Lease Term during which Tenant paid Tenant’s Proportionate Share of Operating Expenses, then
Operating Expenses for that year will be retroactively adjusted and Landlord will provide Tenant with a credit, if any, based on the adjustment. 
 (b) “Tenant’s Proportionate Share” is set forth in the Schedule, being the ratio that the number of rentable square feet of space in the Premises bears to the number of rentable
square feet of space in the Building. Tenant’s Proportionate Share as of the date of this Lease is the percentage set forth in the Schedule, as the same may reasonably be adjusted by Landlord in the future for changes in the physical size or
area of the Premises or the Building. The Building is stipulated for all purposes to contain initially the number of rentable square feet set forth in Item 4 of the Schedule on page 1. 

  
 4 

 (c) “Expense Statement” means a statement from the Landlord setting forth
the Operating Expenses. 
 (d) “Uncontrollable Operating Expenses” means those Operating Expenses that, in
Landlord’s sole discretion and judgment, may be subject to increases which are outside the Landlord’s control. Uncontrollable Operating Expenses will include, but not be limited to, any Operating Expenses relating to insurance, utilities,
security service expenses relating to an increase in the level of security provided to the Building, real estate taxes and assessments, sales and service taxes and other taxes and governmental levies, management fees (but only to the extent
increases therein are caused by increases in gross revenues of the Building and not due to an increase in the management fee as a percentage of such gross revenues), capital improve required by governmental laws or regulations enacted after the
Commencement Date, repairs and maintenance to the building which occur less frequently than annually, other operating expenses to the extent of the component which is union labor compensation, or costs of providing services not previously provided
in the Building provided that such services are reasonably comparable to similar services being customarily implemented in comparable office properties in Aventura. 
 (e) “Controllable Operating Expenses” means those Operating Expenses other than Uncontrollable Operating Expenses. 

(f) “Consumer Price Index” means the Consumer Price Index for All Urban Consumers (Revised Series) (CPI-U) All Items,
U.S. City Average (1982-1984 equals 100) of the United States Department of Labor, Bureau of Labor Statistics. If the manner in which the Consumer Price Index is calculated shall be revised, Landlord shall make an adjustment in such revised index so
as to produce results equivalent, as nearly as possible, to those which would have been obtained if the Consumer Price Index had not been so revised. If the Consumer Price Index becomes unavailable to the public because publication is discontinued
or otherwise, Landlord will substitute a comparable index based upon changes in the cost of living or purchasing power of the consumer dollar published by any other governmental agency or, if no such index shall be available, then a comparable index
published by a major bank or other financial institution or by a university or a recognized financial publication. 
 5.2 Tenant
will, during the Lease Term, pay in addition to Base Rental hereunder an amount equal to Tenant’s Proportionate Share of Operating Expenses for any calendar year. Landlord may estimate the Operating Expenses from time to time each year. Such
estimates may be revised by Landlord whenever it obtains information relevant to making such estimates more accurate. Such estimates will generally (but need not) be issued prior to the beginning of each calendar year and revised upon the
determination of the final real estate tax assessment or final real estate tax rate for the Property. Within ten (10) days of receipt of any such estimate, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant’s Proportionate Share
of such estimated Operating Expenses for each month in such year to the date of such payment minus payments of estimated Operating Expenses previously paid for said period. Thereafter on the first day of each subsequent month during such year,
Tenant shall pay monthly one-twelfth (1/12th) of Tenant’s Proportionate Share of such estimated Operating Expenses until if and when Landlord delivers a new estimate of Operating Expenses to Tenant. 

However, for purposes of Tenant’s obligation to pay Tenant’s Proportionate Share of Operating Expenses, Controllable Operating
Expenses will be subject to a cap each calendar year (the “Cap”) after calendar year 2012. The “Cap” for any calendar year will be the greater of the following: (a) Controllable Operating Expenses for calendar
year 2012 plus 6% per annum, compounded annually on a cumulative basis; and (b) actual Controllable Operating Expenses for calendar year 2012 increased by 100% of the increase in the Consumer Price Index from the month of October 2012
through the month of October of the subject year for which the Cap on Controllable Operating Expenses is being calculated. Controllable Operating Expenses, and the Cap thereon, will be determined on an aggregate basis and not on an individual basis,
and the Cap on Controllable Operating Expenses will be determined on Operating Expenses as they have been adjusted for vacancy or usage pursuant to the terms of this Lease. The Cap on Controllable Operating Expenses, as provided for in this
Paragraph, will not limit or otherwise affect Tenant’s obligation to pay Tenant’s Proportionate Share of Uncontrollable Operating Expenses or any other component of Rent under this Lease. 

  
 5 

 5.3 For each calendar year, Landlord will furnish Tenant with an Expense Statement showing
in reasonable detail the Operating Expenses incurred by Landlord for the prior calendar year. Landlord will use reasonable efforts to deliver the annual Expense Statement within 120 days after the end of the applicable calendar year. Delays by
Landlord in submitting such Expense Statements or mistakes by Landlord in such statements will not prejudice Landlord’s right to collect any rent due under this Lease. 
 5.4 If Tenant’s Proportionate Share of Operating Expenses for a prior calendar year as shown on the Expense Statement is greater than the estimated payments made by Tenant for that year, then within
30 days following receipt by Tenant of the Expense Statement, Tenant will pay in full an amount equal to such excess. If Tenant’s Proportionate Share of Operating Expenses is less than the estimated payments made by Tenant for that year, then
the amount of such overpayment will be credited against the next Operating Expense payments falling due, except that if this Lease expires before such credit is fully applied, Landlord will refund the unapplied balance to Tenant in cash. The
obligations of Landlord and Tenant under this Paragraph 5.4 will survive expiration or termination of this Lease. 
 5.5 If this
Lease begins after the first day of a calendar year or terminates before the last day of a calendar year, payment will be based on the percentage of the year in which Tenant leased the Premises. 

5.6 Tenant shall have the right, exercised by written notice received by Landlord within 30 days after Tenant’s receipt of the
annual Expense Statement, to audit or cause to be audited, by an auditor selected by Tenant and reasonably satisfactory to Landlord, a copy of Landlord’s books and records in respect of Operating Expenses for the fiscal year or portion thereof
falling within the Lease Term. Tenant may not exercise such right more than once in any calendar year. Such auditor must be an independent nationally recognized full service public accounting firm that is not being compensated on a contingency fee
basis for the audit. The audit must be performed during normal business hours in the management office of the Building, and must be completed within 60 days after Tenant’s receipt of such annual Expense Statement. The cost of such audit will be
borne solely by Tenant. Unless Tenant takes written exception of any item in any such statement within such 60-day period, such statement will be considered as final and accepted by Tenant. As a condition precedent to Tenant’s right to dispute
the Operating Expenses billed by Landlord pursuant to this Paragraph 5, Tenant must pay the total amount billed by Landlord hereunder within the time stipulated in this Lease. Landlord will refund the amount, if any, due Tenant upon completion of
the audit and agreement between Landlord and Tenant on the amount due. In connection with any such audit, the following confidentiality provisions will apply: 
 (a) All of the information obtained through Tenant’s audit with respect to financial matters (including, without limitation, costs, expenses, income) and any other matters pertaining to the Landlord
or the Property as well as any compromise, settlement, or adjustment reached between Landlord and Tenant relative to the results of the audit will be held in strict confidence by the Tenant and its officers, agents, and employees. 

(b) As a condition precedent to Tenant’s exercise of its right to audit, Tenant must deliver to Landlord a signed confidentiality
covenant from the auditor in the form and substance satisfactory to Landlord. 
 (c) Tenant understands and agrees that this
provision is of material importance to the Landlord and that any violation of the terms of this provision will result in immediate and irreparable harm to the Landlord. Landlord will have all rights allowed by law or equity if Tenant, its officers,
agents, or employees or the auditor violate the confidentiality provisions of this Paragraph 5.6, including, without limitation, the right to terminate Tenant’s right to audit in the future pursuant to this Paragraph 5.6. Tenant will indemnify,
defend upon request, and hold Landlord and Landlord’s mortgagee harmless from and against all costs, damages, claims, liabilities, expenses, losses, court costs, and attorneys’ fees suffered by or claimed against Landlord, based in whole
or in part upon the breach of this Paragraph 5.6 by Tenant or its auditor; and will cause its auditor to be similarly bound under a signed confidentiality covenant from the auditor in the form and substance satisfactory to Landlord. 

(d) The obligations within the preceding clauses (a) through (c) of this Paragraph 5.6 will survive the expiration or earlier
termination of this Lease. 

  
 6 

 5.7 Notwithstanding any language in the Lease seemingly to the contrary, if the Building is
less than fully occupied during any calendar year of the Lease Term, actual “Operating Expenses” for the purposes referenced above shall be determined as if the Building had been fully occupied during such year; provided, however,
that Landlord will not invoke such right to “gross up” Operating Expenses until such time as the Building first achieves 75% occupancy. If Landlord is not required to provide certain services to a tenant or certain tenants, then the costs
of such services will be apportioned among the tenants provided with such services, and Tenant’s Proportionate Share for such services will be recomputed to equal the ratio that Tenant’s Premises bears to the total demised premises of
tenants provided with such services. For the purposes of this Lease, “fully occupied” means occupancy of 100% of the rentable area in the Building. 
  

	6.	SERVICES TO BE FURNISHED BY LANDLORD. 

 6.1 Landlord agrees to furnish Tenant the following defined basic services (“Basic Services”): 
 (a) Hot and cold water at those points of supply provided for general use of tenants in the Building. 
 (b) Central air conditioning at such temperatures in accordance with the following specifications or as required by governmental authority: 

the air cooling system will be capable of maintaining, during the cooling season, inside space conditions of 76 degrees F. (±2
degrees) dry bulb and 60% (±10%, i.e., between 50% and 70%) relative humidity when outside conditions are 95 degrees F. dry bulb and 78 degrees F. (mean coincident wet bulb). The foregoing is based upon an occupancy density of not more than
one person per 250 square feet of floor area and a maximum electrical load not exceeding that which is typical for an office tenant in the Building. Without limiting the foregoing, a computer room or server room, or other dedicated electric room or
components may require supplemental HVAC as set forth below. 
 The cost of electricity in respect of HVAC for the Premises will
be submetered by Landlord, and will be allocated pursuant to Paragraphs 6.2 and 5.1(a). Tenant will pay to Landlord as additional rent Landlord’s regular charges for chilled water for air conditioning outside of Normal Building Hours (in
addition to electric charges). Such regular charges for chilled water as of the date of this Lease (which are subject to change without notice) are $2.18 per hour per ton. 
 If Tenant installs equipment which in Landlord’s opinion produces enough heat to cause comfort problems in the Building or any part thereof, or if Tenant desires a supplemental air conditioning
system and Landlord has approved same, or if Tenant’s particular use makes a supplemental HVAC system necessary or appropriate and Landlord requires one to be installed, then Landlord may, at its option, either cause to be designed or permit
Tenant to design a supplemental air conditioning system, subject to Landlord’s approval, and Landlord will install such system at Tenant’s expense substantially in accordance with such design. If Tenant has requested such supplemental
system, Tenant will be responsible for determining that the design of such system is adequate for its needs. Tenant agrees to pay Landlord for such equipment, design, installation, metering and consumption of electricity and, if applicable, chilled
water for supplemental air conditioning. During the Lease Term, Tenant will, at Tenant’s sole cost, repair and maintain such supplemental air conditioning system and keep the same in good condition, pursuant to a maintenance contract to be
entered into by Tenant and reasonably approved by Landlord. If such supplemental air conditioning is installed at the request of either Tenant or Landlord in a manner that utilizes the Building condenser water loop or chilled water, Tenant will pay
a one-time tap fee, payable within 30 days of invoicing from Landlord, at Landlord’s then established rate for such, as well as Landlord’s regular charges for chilled or condenser water (in addition to electric charges). Tenant will also
pay for the necessary pump and piping to connect the supplemental air conditioning equipment to the Building condenser water risers or chilled water tower, as applicable. All systems and equipment installed, as provided herein above, will become
part and parcel with the Building and forever remain Landlord’s property; provided that, at Landlord’s request, Tenant will remove such systems and/or equipment prior to the expiration or termination of this Lease and repair any damage
caused by such systems and equipment and its removal. 

  
 7 

 (c) Maintenance, repair and replacement for all Common Areas and Service Areas of the
Building, including the systems, facilities and equipment necessary for the proper operation of the Property and for provision of Landlord’s other Basic Services, in the manner and to the extent deemed by Landlord to be standard, in
Landlord’s reasonable discretion. Accordingly, Landlord will be responsible for and will maintain and repair the foundations, structure and roof of the Building and repair damage to the Building which Landlord insures against. 

(d) Nightly janitorial service, Monday through Friday, excluding legal holidays; provided, however, if Tenant’s floor covering or
other improvements require special treatment, Tenant will pay as additional rent the additional cleaning cost attributable thereto as additional rent upon presentation of a statement therefor by Landlord. 

(e) All Building Standard fluorescent lamp, bulb, ballast, and starter replacement in the Premises and fluorescent and incandescent bulb,
lamp, ballast, and starter replacement in the Common Areas and Service Areas. In addition, Tenant agrees to purchase from Landlord or its agents all lamps, bulbs, ballasts and starters used in non-Building Standard lighting fixtures in the Premises
after the installation thereof. 
 6.2 Tenant shall pay, directly to the appropriate supplier, the cost of all telephone, water,
and other utilities and services if and to the extent supplied to the Premises and separately metered for the use of Tenant. Tenant is responsible for initiating and terminating such services. Electricity will be distributed to the Premises by
Landlord; and Landlord will permit Landlord’s wire and conduits, to the extent available, suitable and safely capable, to be used for such distribution. Tenant will obtain all of its electricity for the Premises from Landlord, and the charges
for such electricity (including, without limitation, electricity for HVAC pursuant to Section 6.1(b)) will be included in Operating Expenses up to $2 per rentable square foot (of space in the Premises) per year (prorated with respect to months
or partial years); such charges for electricity above $2 per rentable square foot will be paid by Tenant to Landlord on a monthly basis. Such charges for electricity will be based, at Landlord’s option, on (i) meter or submeter readings or
(ii) on a survey of Tenant’s electrical usage made by Landlord or (iii) on Tenant’s prorata share of all space, including the Premises, which is commonly metered with the Premises. As of the date of this Lease, such usage is
submetered. Except as otherwise set forth in Paragraph 6.6, Landlord will not in any way be liable to Tenant for any loss or damage or expense Tenant may sustain or incur if either the amount or quality of electric service is changed or is no longer
available or suitable for Tenant’s requirements. If such service is discontinued, such discontinuance will not in any way affect this Lease except as set forth in Paragraph 6.6. Tenant’s use of electrical services furnished by Landlord
must not exceed, either in voltage, rated capacity, or overall load or usage, that which Landlord deems to be Building Standard. Building Standard electrical capacity in wattage is deemed to be 8 watts per usable square foot for lights and outlets.
If Tenant requests that it be allowed to consume electrical services in excess of that deemed by Landlord to be Building Standard, Landlord may refuse to consent to usage or may consent upon such conditions as Landlord elects, and Tenant will pay
all costs and expenses thereby incurred, including but not limited to the cost of electricity. 
 Presently Florida Power and
Light (“Electric Service Provider”) is the utility company selected by Landlord to provide electricity service for the Property. Notwithstanding the foregoing, if permitted by law, Landlord will have the right at any time and from
time to time during the Lease Term to either contract for service from a different company or companies providing electricity service (each such company hereinafter being referred to as an (“Alternate Service Provider”) or continue
to contract service from the Electric Service Provider. Tenant will cooperate with Landlord, the Electric Service Provider and any Alternate Service Provider at all times and, as reasonably necessary, will allow Landlord, Electric Service Provider,
and any Alternate Service Provider reasonable access to the Building’s electric lines, feeders, risers, wiring, and any other machinery within the Premises. Except as set forth in Paragraph 6.6, Landlord will not be liable or responsible for
any loss, damage, or expense that Tenant sustains or incurs by reason of any change, failure, interference, disruption, or defect in the supply or character of the electric energy furnished to the Premises, or if the supply or character of the
electrical energy supplied by the Electric Service Provider or any Alternate Service Provider is no longer available or suitable for Tenant’s requirements, and no such change, failure, defect, unavailability, or unsuitability will constitute an
actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of rent, or relieve Tenant from any of its obligations under the Lease. 
 6.3 Except to the extent otherwise expressly provided in Paragraph 6.6, the failure by Landlord to any extent to furnish, or the interruption or termination of, the Basic Services in whole or in part,
will not render Landlord liable in any respect nor be construed as an eviction (constructive or otherwise) of Tenant, nor work an offset or abatement of rent, nor relieve Tenant from the obligation to fulfill any covenant or agreement of this Lease.

  
 8 

 6.4 Except to the extent otherwise expressly provided in Paragraph 6.6, if any of the
equipment or machinery used in the provision of Basic Services, for any cause, ceases to function properly, Tenant will have no claim for offset or abatement of rent or damages on account of an interruption in service occasioned thereby or resulting
therefrom. 
 6.5 Except as otherwise expressly provided herein, Landlord will not be required to perform any maintenance on or
make any repairs to the Premises. 
 6.6 If any utility or other service described in this Paragraph 6 is
interrupted, Tenant will promptly notify Landlord in writing. If (a) any utility or other service described in this Paragraph 6 is discontinued or interrupted and (b) such discontinuance or interruption is within Landlord’s reasonable
control, and (c) such discontinuance or interruption continues for at least 5 consecutive business days and renders all or a material portion of the Premises untenantable for such period such that Tenant cannot and does not operate its
business from the Premises or such portion for such period, then as Tenant’s sole and exclusive remedy for such discontinuance or interruption (subject to the following sentence) Landlord will equitably abate Tenant’s obligation to pay
Base Rental and Tenant’s Proportionate Share of Excess Operating Expenses (as set forth in Paragraph 5) beginning on the
6th business
 day after the later of (i) the first day of such interruption and (ii) the date of Landlord’s receipt of Tenant’s notice thereof, and ending on the date on which such service is substantially restored. If (i) any utility or
other service described in this Paragraph 7 is discontinued or interrupted as a result of any event or occurrence that does not affect buildings in the area generally, and does not arise as a result of a casualty as provided in Paragraph 19, and
(ii) such discontinuance or interruption causes the Premises (or a material portion thereof) to become inaccessible or untenantable for at least 180 consecutive days and Tenant cannot and does not operate its business from the Premises or such
portion for such period, then as Tenant’s sole and exclusive remedy for such discontinuance or interruption (except as set forth in the immediately preceding sentence) Tenant will have the right to terminate this Lease by giving notice to
Landlord within 15 days after the expiration of such 180-day period. 
  

	7.	CONDITION OF PREMISES. 

 Except
as otherwise expressly provided in this Paragraph or in the Work Letter, all installations and improvements now or hereafter placed on the Premises will be for Tenant’s account and at Tenant’s cost (and Tenant will pay ad valorem taxes and
increased insurance thereon or attributable thereto), which cost will be payable by Tenant to Landlord as additional rent in accordance with provisions of the Work Letter. Except to the extent expressly indicated in the Work Letter, Landlord is
leasing the Premises to Tenant “as is,” without any representations or warranties of any kind (including, without limitation, any express or implied warranties of merchantability, fitness or habitability). If so indicated in the Work
Letter, Landlord will cause the Work to be completed in accordance with the plans, specifications, and agreements and on the terms, conditions and provisions as provided in the Work Letter. Taking possession of the Premises by Tenant will be
conclusive evidence as against Tenant that the Premises were in good and satisfactory condition when possession was so taken, except as otherwise expressly provided in the Work Letter. 

 

	8.	GRAPHICS. 

 Landlord will provide
and install all signage at the entrance to the Premises and on the Building directory. All such signage will be in the standard graphics for the Building and no others may be used or permitted on the Premises or on the directory without
Landlord’s prior written consent. Such door sign will be at Tenant’s cost, but Tenant may apply the Allowance (defined in the Work Letter) toward the cost of the initial sign at the entrance to the Premises. Tenant will be entitled to two
lines, indicating Tenant’s name, on the directory located in the lobby on the ground floor of the Building, at Landlord’s reasonable standard charges. 
  

	9.	CARE OF THE PREMISES BY TENANT; SURRENDER. 

 Tenant shall not block or cover any of the ventilation or air-conditioning ducts in the Premises. Tenant may not install or cause to be installed in the Premises a wall covering that is impermeable to
humidity or vapor. Tenant shall report to Landlord the following promptly upon becoming aware thereof: (i) any evidence of a water leak or excessive moisture in the Premises; (ii) any evidence of mold or mildew in the Premises; and
(iii) any 

  
 9 

 failure or malfunction in the ventilation and air conditioning system serving the Premises. Tenant will not
commit or allow any waste to be committed on any portion of the Premises, and at the termination of this Lease, Tenant will deliver the Premises to Landlord vacant and in as good condition as the Premises were in when Tenant first took possession
thereof, ordinary wear and use excepted. Tenant will give written notice to Landlord at least 30 days before vacating and will arrange to meet with Landlord for a joint inspection of the Premises. If Tenant fails to give such timely notice or
arrange such joint inspection, Landlord’s inspection at or after Tenant’s vacation of the Premises will be conclusively deemed correct for purposes of determining Tenant’s responsibility for repairs and restoration. The provisions of
this Paragraph 9 will survive expiration or termination of this Lease. 
 Upon the termination of this lease by lapse of time or
otherwise or upon the earlier termination of Tenant’s right of possession, Tenant shall remove from the Premises Tenant’s furniture, machinery, safes and other items of movable personal property of every kind and description and
Tenant’s trade fixtures, and Tenant shall restore any damage to the Premises or the Property caused thereby (such removal and restoration to be performed prior to the expiration of the Lease Term or earlier termination of this Lease or
Tenant’s right of possession), failing which Landlord may do so and thereupon the provisions of Paragraph 21.2(d) shall apply; provided, however, if this lease or Tenant’s possession terminates prior to the originally stated Expiration
Date, Tenant may not, without Landlord’s prior written consent, remove any of its furniture, trade fixtures or other personal property for which Landlord paid or gave Tenant an allowance, in whole or in part, in which case, at Landlord’s
election, such property shall be deemed to have been conveyed to Landlord as by bill of sale without further payment or credit by Landlord to Tenant. 
  

	10.	REPAIRS AND ALTERATIONS BY TENANT. 

 10.1 Tenant will, at Tenant’s own cost and expense, repair any damage done to the Property, or any part thereof, including replacement of damaged portions or items, caused by Tenant or Tenant’s
agents, employees, invitees, or visitors, and Tenant covenants and agrees to make all such repairs as may be required to restore the Property to as good a condition as it was in prior to such damage. All such work or repairs by Tenant must be
effected in compliance with all applicable laws; provided, however, if Tenant fails to make such repairs or replacements promptly, Landlord may, at its option, make repairs or replacements, and Tenant will pay as additional rent the cost thereof to
the Landlord within 10 days of Landlord’s demand therefor, as additional rent. The provisions of this Paragraph 10.1 will survive expiration or termination of this Lease. 
 10.2 Tenant agrees with Landlord not to install or allow to be installed any vending machines on the Premises, and will not place or install or allow to be placed or installed any signs or window
treatments on or in the Premises which are visible from outside the Premises, without first obtaining the prior written consent of Landlord in each such instance, which consent may be given on such conditions as Landlord may elect. 

10.3 Any alterations, additions or improvements made by or on behalf of Tenant to the Premises (“Tenant Alterations”)
will be subject to Landlord’s prior written consent, which consent will not be unreasonably withheld or delayed. Landlord will not be deemed to have unreasonably withheld its consent to any Tenant Alterations if its consent is withheld because
such Tenant Alterations: (i) are not consistent with the first-class nature or the architectural character of the Building; (ii) could adversely affect the structure of the Building, the HVAC system or electrical, mechanical, plumbing or
other lines or systems in the Building or the Building circuitry; (iii) could increase Landlord’s costs of operating and maintaining the Building; (iv) would, in Landlord’s judgment, violate the terms of any applicable zoning or
building laws or ordinances; (v) would disturb other tenants of the Building, for example, by requiring entry into the premises of other tenants; or (vi) include the use of wall covering that is impermeable to humidity or vapor; the
foregoing being merely examples of reasons for which Landlord may reasonably withhold its consent and will not be deemed exclusive of any permitted reasons for reasonably withholding consent, whether similar or dissimilar to the foregoing examples.
Tenant will cause, at its expense, any Tenant Alterations to comply with applicable insurance requirements and with all applicable laws, codes and governmental regulations, and will construct at its expense any alteration or modification required by
applicable laws, codes or governmental regulations as a result of any Tenant Alterations. All Tenant Alterations must be constructed in a good and workmanlike manner by contractors reasonably acceptable to Landlord and only good grades of materials
may be used. No Tenant Alterations may include the use of a wall covering that is impermeable to humidity or vapor. All plans and specifications for any Tenant Alterations, and a copy of all required permits, must be submitted to Landlord for its
approval before the work begins. Landlord may monitor construction of the Tenant Alterations. Tenant will pay Landlord’s standard charges for review of Tenant’s plans, permits, lien waivers, certificates and the like and for monitoring
construction. Landlord’s right to review plans and specifications and to monitor construction will be solely for its  

  
 10 

 own benefit, and Landlord will have no duty to see that such plans and specifications or construction comply
with applicable laws, codes, rules and regulations or that such plans and specifications are adequate for Tenant’s use or purposes. Tenant will provide Landlord with the identities and mailing address of all persons performing work or supplying
materials, prior to beginning such construction, and Landlord may post on and about the Premises notices of nonresponsibility pursuant to applicable law. Tenant will furnish security or make other arrangements satisfactory to Landlord to assure
payment for the completion of all work free and clear of liens and will provide certificates of insurance for worker’s compensation, builder’s risk, and other coverage in amounts and from an insurance company satisfactory to Landlord
protecting Landlord against liability for personal injury and property damage during construction. Landlord may elect to require Tenant to insure any such Tenant Alterations in accordance with Section 1.1(a) of Exhibit E. In
connection with any Tenant Alterations, Tenant’s contractor must (and its contract must so provide): 
 (a) conduct its work
in such a manner so as not to unreasonably interfere with other tenants, Property operations, or any other construction occurring on or in the Property or in the Premises; 
 (b) execute a set of and comply with the Building’s then-current Tenant Contractor Rules and Regulations and comply with all additional rules and regulations relating to construction activities in or
on the Property as may be promulgated from time to time and uniformly enforced by Landlord or its agents; 
 (c) deliver to
Landlord detailed “as built” plans immediately after the alterations or improvements are complete, if requested by Landlord; and 
 (d) be responsible for reaching an agreement with Landlord and its agents as to the terms and conditions for all contractor items relating to the conducting of its work including, but not limited to,
those matters relating to hoisting, systems interfacing, use of temporary utilities, storage of materials and access to the Premises. 
 (e) waive any right to place a lien on the Property and cause all subcontractors to waive any right to place a lien on the Property; and 

(f) perform its work in such a fashion and by such means as necessary to maintain peace and harmony among the other contractors serving
the Property and the other tenants and so as not to cause interference with the continuance of work to be performed or services to be rendered to the Property or the other tenants. 
 Landlord will have the right to approve Tenant’s contractor and all subcontractors to be used by Tenant’s contractor, which approval will not be unreasonably withheld. Landlord may require the
employment of union contractors and subcontractors who shall not cause labor disharmony. Upon completion of any Tenant Alterations, Tenant will deliver to Landlord sworn statements setting forth the names of all contractors, subcontractors and
material suppliers who did work on or supplied materials for the Tenant Alterations, and final lien waivers from all such contractors, subcontractors and material suppliers. Tenant will have no right to make any repairs, alterations or improvements
to, within or on any of the Common Areas without Landlord’s prior written consent, which may be withheld in Landlord’s sole and absolute discretion. Landlord reserves the right to require that Tenant terminate its contract with
Tenant’s contractor if such contractor is engaged in a labor dispute which disrupts the contractor’s work or operation of the Property. Landlord will also have the right to order any contractor of Tenant who violates any of Landlord’s
requirements or standards of work to cease work and to remove himself, his equipment and his employees from the Property. Tenant agrees that it’s contractors will not conduct their work in such manner so as to interfere with or cause any
interruption of (i) Landlord’s construction, (ii) another tenant’s occupancy or construction, or (iii) other phases of Landlord’s operation of the Property. 

10.4 Any and all alterations or improvements to the Premises will become the property of Landlord upon termination of this Lease (except
for movable equipment or furniture owned by Tenant). Landlord may, nonetheless, require Tenant to remove any and all Tenant Alterations and all other leasehold improvements (if any) performed by Tenant, or by Landlord at Tenant’s direction, and
restore the Premises to Building Standard. If Landlord so requires and Tenant fails to remove such improvements and alterations, Landlord may remove such improvements at Tenant’s cost, and Tenant will pay Landlord on demand the cost of
restoring the Premises to Building Standard plus an administrative charge of 10% thereof. The provisions of this Paragraph 10.4 will survive expiration or termination of this Lease. See Paragraph 28 for additional provisions regarding
telecommunication lines and equipment. 

  
 11 

	11.	PARKING. 

 11.1 During the Lease
Term, Tenant will have the non-exclusive use in common with Landlord, other tenants of the Building, their guests and invitees, of the non-reserved common automobile parking areas, driveways, and footways. Tenant must comply with the parking rules
and regulations set forth in Exhibit F, as the same may reasonably be modified from time to time by Landlord. 
 11.2
Tenant’s use of the Building’s parking areas (including, without limitation, unassigned parking and any assigned parking now or hereafter granted to Tenant from time to time) may not exceed 4 parking spaces per 1,000 rentable square feet
in the Premises. No specific designated parking spaces will be assigned to Tenant unless otherwise agreed by Landlord and Tenant in writing, Landlord will have the right to reserve parking spaces as it elects and condition use thereof on such terms
as it elects. Landlord will not charge Tenant a fee for such unreserved spaces, except that Landlord may elect to impose on Tenant a nominal fee for parking stickers, access cards, or other parking control devices, if Landlord elects to institute
such parking control procedures. 
 11.3 All such parking shall be subject to rules and regulations for the use thereof as
prescribed from time to time by Landlord. Landlord will not be responsible for money, jewelry, automobiles or other personal property lost in or stolen from the Building’s parking areas, or for vandalism to automobiles occurring in the
Building’s parking areas, it being agreed that, to the fullest extent permitted by law, the use of the Building’s parking areas will be at the sole risk of Tenant and its employees. Landlord will have the right to temporarily close the
Building’s parking areas to perform necessary repairs, maintenance and improvements to the parking areas. 
  

	12.	LAWS, REGULATIONS AND RULES. 

12.1 Tenant will comply with all governmental laws, ordinances, rules and regulations applicable to Tenant’s use of the Premises.

 12.2 A copy of the initial Building Rules and Regulations is attached hereto as Exhibit C. Tenant will comply with
such initial Building Rules and Regulations and with all reasonable additional Building Rules and Regulations and reasonable amendments to the Building Rules and Regulations adopted by Landlord from time to time, and will cause all of its agents,
employees, invitees and visitors to do so. All changes to such rules will be furnished by Landlord to Tenant in writing. 
 12.3
Landlord will not be responsible to Tenant for the nonperformance of any such Building Rules and Regulations by any other tenant or occupant of the Building. 
  

	13.	ENTRY BY LANDLORD; LIMITED ACCESS. 

 13.1 Tenant will permit Landlord or its agents or representatives to enter into and upon any part of the Premises at all reasonable hours (and in emergencies at all times) to inspect the condition,
occupancy or use; to perform Landlord’s obligations or exercise Landlord’s rights under this Lease; to show the Premises to prospective purchasers, mortgagees, or insurers or (during the last 9 months of the Lease Term) tenants, or to
clean or make repairs, alterations or additions. Tenant will not be entitled to any abatement or reduction of rent by reason of this right of entry. 
 13.2 Subject to the terms and conditions of this Lease, Tenant will have access to the Premises 24 hours per day, 7 days per week, 365 days per year, excluding emergencies. However, Building entry at
times other than for Normal Building Hours may be limited to a single entrance. Tenant acknowledges and agrees that: 
 (a)
Landlord reserves the right to close the Building outside of Normal Building Hours subject, however, to Tenant’s right to admittance under such regulations as Landlord may prescribe from time to time. Accordingly, Landlord may refuse access to
the Building outside of Normal Building Hours to any person not: (i) known to Landlord’s security personnel (if any) as an employee, agent, or subtenant of Tenant or a Building employee; or (ii) having a Building identification card
or after-hours visitor pass issued by Landlord. 

  
 12 

 (b) Landlord may require all persons admitted to or leaving the Building outside of Normal
Building Hours to register with Landlord’s security personnel (if any). 
 (c) Tenant will be solely responsible for all
persons for whom it requests permission to enter the Building and shall be liable to Landlord for all acts of such persons. 

(d) Landlord shall in no way be liable to Tenant for injury or loss arising from the admission or exclusion of any person to or from
Tenant’s Premises or the Building under such provisions of this Paragraph 13.2. 
 Notwithstanding the foregoing, Landlord is not and will
not be obligated to provide a security guard or any other security services for the Property. Under no circumstances will Landlord or its managing agent or their respective agents or employees be liable for, and Tenant waives all claims with respect
to, (a) any damages, injuries or losses sustained by Tenant or any occupant of the Premises or their respective agents, employees, licensees or invitees, including any property or consequential damages, resulting from Landlord’s failure to
provide security or adequate security for the Property, or (b) losses due to theft or burglary, or (c) the damages done by unauthorized persons on the Premises and neither will Landlord be required to insure against any such losses. Tenant
will cooperate fully in Landlord’s efforts to maintain security in the Property and will follow all rules and regulations promulgated by Landlord with respect thereto. 
 13.3 At any time Landlord either voluntarily or pursuant to governmental requirement may, at Landlord’s own expense, make repairs, alterations or improvements in or to the Property or any part
thereof, including the Premises, and during operations may close entrances, doors, corridors, elevators and other facilities and may have access to and open all ceilings, without liability to Tenant by reason of interference, inconvenience,
annoyance or loss of business. Landlord shall not be liable to Tenant for any expense, injury, loss or damage resulting to Tenant from work done in the Property and construction activities on the Property or upon, along, or the use of any adjacent
or nearby building, land, street, alley or way. 
  

	14.	ASSIGNMENT AND SUBLETTING. 

 14.1
Tenant will not assign this Lease, or any interest therein, and will not sublet the Premises, or any part thereof, or any right or privilege appurtenant thereto, or suffer any other person to occupy or use the Premises, or any portion thereof,
without first requesting the consent of Landlord, in writing, not more than 120 but not less than 30 days before the effective date of such assignment or sublease, and obtaining such consent in writing. Any request by Tenant for Landlord’s
consent to a sublease or assignment must be accompanied by a copy of the proposed sublease or assignment agreement and reasonably detailed information and documentation, including current financial statements, regarding the proposed sublessee or
assignee. Landlord agrees not to unreasonably withhold consent to any such assignment of this Lease or subletting of the Premises (except for any extension or expansion options or any rights of first refusal or first offer for which consent may be
withheld in Landlord’s sole and absolute discretion), provided Tenant requests the same in writing and provided (i) at the time of Tenant’s request for consent and also at the commencement of the proposed sublease or assignment,
Tenant is not in default under this Lease, (ii) Landlord, in its reasonable discretion, determines that the proposed use of the Premises, and the reputation, business, and financial responsibility of the proposed assignee or sublessee, are
satisfactory to Landlord; (iii) Landlord reasonably determines that the proposed sublease or assignment would not violate the Entity Prohibition set forth below in this Paragraph 14.1, (iv) any assignee or sublessee expressly assumes all
the obligations of this Lease on Tenant’s part to be performed, (v) such consent, if given, will not release Tenant of any of its obligations under this Lease, including without limitation, its obligation to pay rent, (vi) a consent
to one assignment or subletting will not be deemed to be a consent to any subsequent assignment or subletting, (vii) the proposed assignee or sublessee is not a tenant in the Building, or the subtenant or assignee of any such tenant,
(viii) the proposed assignee or sublessee is not a person or entity with whom Landlord or its agent is then negotiating or to or from whom Landlord or its agent has given or received any written or oral proposal within the past 12 months
regarding a lease of space in the Building, and (ix) the proposed sublessee or assignee is not a government entity. If (I) the Premises or any portion thereof is located on a floor of which Citigroup Global Markets Inc. or its affiliates
or their respective successors or assigns now or hereafter leases 25% or more of the rentable space, Tenant will thereupon, and without notice, be prohibited from subleasing any such portion of the Premises, or assigning this 

  
 13 

 Lease, to any entity now or hereafter engaged primarily in the business of securities
brokerage or investment banking; or II the Premises or any portion thereof is located on the first floor of the Building, Tenant is prohibited from subleasing any such portion of the Premises, or assigning this Lease, to any entity now or
hereafter engaged primarily in the business of securities brokerage or investment banking, or a national bank (collectively, the “Entity Prohibition”); provided, however, that the foregoing prohibitions in this sentence will not
apply to a Permitted Affiliated Transfer (defined below). Landlord represents that, as of the date of this Lease, neither Citigroup Global Markets Inc. nor its affiliates or their respective successors or assigns leases 25% or more of the rentable
space on the 3rd floor of the Building. 

Notwithstanding the foregoing, so long as Green Mountain Analytics, LLC or its Permitted Affiliated Transferees (defined below) leases
the entire Premises, and provided that no Event of Default then exists, Tenant may, without Landlord’s consent but with prior written notice to Landlord, license up to 50% of the rentable square feet of the Premises to Guarantor or its
affiliates; provided, however, that such licensed premises will not be separately demised with a separate entrance from the common corridor (it being understood that if separately demised space is required, Tenant will proceed as set forth below in
the paragraph pertaining to Permitted Affiliated Transfers). Such notice must include the same type of information as set forth in the first grammatical paragraph of this Paragraph 15.1 as if Tenant were seeking Landlord’s consent. 

No permitted subtenant may assign or encumber its sublease or further sublease all or any portion of its subleased space, or otherwise
permit the subleased space or any part of its subleased space to be used or occupied by others, without Landlord’s prior written consent in each instance. Tenant may not mortgage, pledge or hypothecate its leasehold interest, and any attempted
assignment, sublease or other transfer or encumbrance by Tenant in violation of the terms and covenants of this Paragraph 14 will be void. 
 For purposes of this Paragraph 14, a transfer of the ownership interests controlling Tenant will be deemed an assignment of this Lease unless such ownership interests are publicly traded. However, on the
condition that Tenant is not in default of any term, covenant or condition of this Lease, Tenant will have the right, with advance written notice to but without the consent of Landlord, to sublease the Premises, or a portion thereof, or assign this
Lease (each, a “Permitted Affiliated Transfer”), to the following each, a “Permitted Affiliated Transferee”): 
 (A) any corporation or entity which controls, is controlled by or is under common control with Tenant, on the condition that (w) such sublease or assignment is for a good business purpose and not
principally for the purpose of avoiding Landlord’s consent rights, (x) the proposed use of the Premises and the reputation, business, and financial responsibility of the proposed sublessee or assignee are consistent with the first-class
nature of the Building, and (y) in the case of an assignment, the assignee has a net worth reasonably sufficient to perform the obligations of the tenant under this Lease; or 

(B) an entity into which Tenant is merged or consolidated or to an entity to which substantially all of Tenant’s assets or equity are
transferred, provided that each of the following conditions (I) and (II) is fulfilled: 
 (I) either 

(1) both of the following conditions are satisfied: 

(i) such merger, consolidation or transfer of assets is for a good business purpose and not principally for the purpose of transferring
Tenant’s leasehold estate; and 
 (ii) the proposed use of the Premises and the reputation and business of the proposed
assignee or transferee are consistent with the first-class nature of the Building, or 
 (2) the transferee or
resulting entity is Guarantor or one or its wholly-owned subsidiaries; and 
 (ll) the assignee or successor entity has a net
worth at least equal to the net worth of Tenant immediately before such merger, consolidation or transfer. 

  
 14 

 Tenant must provide Landlord with reasonably satisfactory evidence of such net worth at the time Tenant
provides Landlord with notice of such transaction. The term “control” as used in this Paragraph means a direct or indirect ownership interest with the power to directly or indirectly direct or cause the direction of the management or
policies of the Tenant. 
 In connection with each request by Tenant for Landlord’s consent to a sublease or assignment,
Tenant will pay to Landlord an amount equal to the sum of the following, regardless of whether such consent is granted or denied: (a) Landlord’s processing fee of $2,000 and (b) an amount equal to Landlord’s out-of-pocket
administrative, legal and other costs and expenses incurred in processing such request or otherwise incurred in connection with such sublease or assignment. 
 If all or any part of the Premises are then subleased, any termination of this Lease or of Tenant’s right to possession in connection with an Event of Default will, at Landlord’s option, either,
(a) terminate the sublease or (b) operate as an assignment to Landlord of the sublease. Landlord shall not be liable for any prepaid rents nor any security deposits paid by the subtenant. Landlord will not be liable for any other defaults
of the Tenant under the sublease agreement. 
 14.2 If Tenant requests Landlord’s consent to a sublease or assignment, at
Landlord’s option Landlord may, by giving written notice to Tenant within 30 days after the effective date of Tenant’s notice, terminate this Lease with respect to the space described in Tenant’s notice, as of the date specified in
Tenant’s notice for the commencement of the proposed assignment or sublease. However, nothing in this Paragraph 14.2 will be deemed to be a consent by Landlord to any subletting or assignment unless Landlord delivers to Tenant its written
consent. Notwithstanding Landlord’s consent on any one occasion, the right to recapture set forth in this Paragraph 14.2 will apply to any further subletting or assignment. 

14.3 If Landlord consents to any sublease or assignment of the Premises, or any part thereof, Tenant will in consideration therefor pay
to Landlord, as additional rent, 50% of the Excess Rent (defined below) after deducting from Excess Rent the reasonable and customary out-of-pocket transaction costs incurred by Tenant in connection with such subletting or assignment, including
attorneys’ fees, brokerage commissions, and alteration costs (which transaction costs will be amortized on a straight-line basis over the term of the sublease or assignment, as the case may be). For purposes of this Paragraph, “Excess
Rent” means all rents, additional charges, and other consideration payable to Tenant by the subtenant or assignee, expressed on a per rentable square foot basis, for or by reason of such sublease or assignment and which are, in the
aggregate, in excess of the rent payable under this Lease for the subleased or assigned space during the term of the sublease or assignment. Any amounts payable by Tenant pursuant to this Paragraph will be paid by Tenant to Landlord as and when
amounts on account thereof are paid by any subtenant or assignee to Tenant, and Tenant agrees to promptly furnish such information with regard thereto as Landlord may request from time to time. Landlord may at any time and from time to time upon
prior notice to Tenant audit and inspect Tenant’s books, records, accounts, and federal income tax returns to verify the determination of additional rent payable under this Paragraph. 

14.4 Tenant will not publicly advertise the rate for which Tenant is willing to sublet the space or assign the Lease. All public
advertisements of the assignment of the Lease or sublease of the Premises, or any portion thereof, are subject to prior written approval by Landlord. For purposes of this Paragraph 14.4, listing space with a broker, or publishing the availability of
such space on CoStar, or the like, do not constitute public advertisements. The placement or display of any signs or lettering on the exterior of the Premises, or on the glass or any window or door of the Premises, or in the interior of the Premises
if it is visible from the exterior, is strictly prohibited. 
 14.5 The listing or posting of any name, other than that of
Tenant, whether on the door or exterior wall of the Premises, the Building’s tenant directory in the lobby or elevator, or elsewhere, will not (a) constitute a waiver of Landlord’s right to withhold consent to any sublet or assignment
pursuant to this Paragraph, (b) be deemed an implied consent by Landlord to any sublet of the Premises or any portion thereof, to any assignment or transfer of the Lease, or to any unauthorized occupancy of the Premises, except in accordance
with the express terms of the Lease, or (c) operate to vest any right or interest in the Lease or in the Premises. 

  
 15 

 14.6 In the case of any assignment of this Lease by Tenant, the assignor and the assignee
will be jointly and severally liable for all of the obligations of the tenant under this Lease. The joint and several liability of Tenant named herein and any immediate and remote successor in interest of Tenant (by assignment or otherwise), and the
due performance of the obligations of this Lease on Tenant’s part to be performed or observed, will not in any way be discharged, released or impaired by any (a) agreement which modifies any of the rights or obligations of the parties
under this Lease, (b) stipulation which extends the time within which an obligation under this Lease is to be performed, (c) waiver of the performance of an obligation required under this Lease, or (d) failure to enforce any of the
obligations set forth in this Lease. 
 14.7 Anything contained in the foregoing provisions of this Paragraph 14 to the contrary
notwithstanding, neither Tenant nor any other person having an interest in the possession, use, occupancy or utilization of the Premises may enter into any lease, sublease, license, concession or other agreement for use, occupancy or utilization of
space in the Premises which provides for rental or other payment for such use, occupancy or utilization based, in whole or in part, on the net income or profits derived by any person from the Premises leased, used, occupied or utilized (other than
an amount based on a fixed percentage or percentages of receipts of sales), and any such proposed lease, sublease, license, concession or other agreement will be absolutely void and ineffective as a conveyance or any right or interest in the
possession, use, occupancy or utilization of any part of the Premises. 
  

	15.	CONSTRUCTION LIEN. 

 15.1 In
accordance with the applicable provisions of Florida Construction Lien Law and specifically Florida Statutes Section 713.10, no interest of Landlord, whether personally or in the Premises, or in the Building or Property, or the leasehold
interest aforesaid, will be subject to liens for improvements made by Tenant or caused to be made by Tenant. Tenant will not permit any construction lien, mechanic’s lien or liens to be placed upon the Premises or the Property. With respect to
improvements or alterations made or caused to be made by Tenant, Tenant will promptly notify the contractor making such improvements to the Premises of this provision exculpating Landlord’s liability for such liens. Nothing in this Lease will
be deemed or construed in any way as constituting the consent or request of Landlord, express or implied, to any person for the performance of any labor or the furnishing of any materials to all or part of the Premises, nor as giving Tenant any
right, power, or authority to contract for or permit the rendering of any services or the furnishing thereof that would or might give rise to any construction, mechanic’s or other liens against the Premises. 

15.2 If any such lien is claimed against the Premises, then Tenant will discharge said lien or cause the same to be bonded or insured
over in an amount and by a bonding company or title insurance company reasonably satisfactory to Landlord, within 10 days of filing, failing which, in addition to any other right or remedy of Landlord, Landlord may, but will not be obligated to,
discharge the same. Any amount paid by Landlord for such purposes will be paid by Tenant to Landlord as additional rent within 10 days of Landlord’s demand therefor. 
 15.3 Landlord’s interest in the Premises will not be subject to liens for improvements made by the Tenant, and Tenant will have no power or authority to create any lien or permit any lien to attach
to the Premises or to the present estate, reversion or other estate of Landlord in the Premises herein demised or other improvements thereon as a result of improvements made by Tenant or for any other cause or reason. All materialmen, contractors,
artisans, mechanics and laborers and other persons contracting with Tenant with respect to the Premises or any part thereof, or any such party who may avail himself of any lien against realty (whether same proceeds in law or in equity), are hereby
charged with notice that such liens are expressly prohibited and that they must look solely to Tenant to secure payment for any work done or material furnished for improvements by Tenant or for any other purpose during the Lease Term. Tenant will
indemnify, defend upon request, and hold harmless Landlord and Landlord’s mortgagee from and against any loss or expenses incurred as a result of the assertion of any such lien. 

 

	16.	INSURANCE. 

 Tenant will secure
and maintain, at Tenant’s expense, the insurance required of it as set forth in Exhibit E. Landlord will secure and maintain the insurance required of it as set forth in Exhibit E, but Landlord may include the cost thereof in
Operating Expenses. 

  
 16 

	17.	WAIVER OF CLAIMS; WAIVER OF SUBROGATION. 

 To the extent permitted by law, Tenant waives all claims it may have against Landlord, its agents or employees for damage to business or property sustained by Tenant or any occupant or other person
resulting from the Premises or the Property or any part of said Premises or Property becoming out of repair or resulting from any accident within or adjacent to the Premises or Property or resulting directly or indirectly from any act or omission of
Landlord or any occupant of the Premises or Property or any other person while on the Premises or the Property, regardless of cause or origin, except that in respect of damage to property, such waiver will be limited to the extent such claim is or
would be covered by any insurance that Tenant is required to carry pursuant to Section 1.1(a) of Exhibit E. The waiver in this grammatical paragraph will also apply as to the amount of any deductible under Tenant’s insurance.
Particularly, but not in limitation of the foregoing sentence, all property belonging to Tenant or any occupant of the Premises that is in the Property or the Premises will be there at the risk of Tenant or other person only, and Landlord or its
agents or employees will not be liable for damage to or theft of or misappropriation of such property, nor for any damage to property or business resulting from fire, explosion, flooding of basements or other subsurface areas, falling plaster,
steam, gas, electricity, snow, water or rain which may leak from any part of the Property or from the pipes, appliances or plumbing works therein or from the roof, street or subsurface or from any other place or resulting from dampness or any other
cause whatsoever, nor for any latent defect in the Premises or in the Property, except that in respect of property damage such waiver will be limited to the extent that such claim is or would be covered by any insurance that Tenant is required to
carry pursuant to Section 1.1(a) of Exhibit E. Tenant will give prompt notice to Landlord in accordance with Paragraph 19.1 in case of fire or accidents in the Premises or in the Property or of defects therein or in the fixtures or
equipment. 
 Tenant agrees to include in the insurance policies which Tenant is required by this Lease to carry in accordance
with Sections 1.1(a) and 1.1 (b) of Exhibit E, to the fullest extent permitted by law, a waiver of subrogation against Landlord and Landlord’s managing agent. 

To the extent permitted by law, Landlord waives all claims it may have against Tenant, its agents or employees for damage to the Property
resulting directly or indirectly from any act or omission of Tenant or any occupant of the Premises or any other person while on the Premises, to the extent that such claim is covered by any property insurance which Landlord is required under
Section 1.2 of Exhibit E to carry on the Building. Landlord will include in any property insurance policy which Landlord may carry on the Building, to the extent permitted by law, a waiver of subrogation against Tenant. 

Landlord will not be required to maintain insurance against thefts within the Premises, the Property or any complex within which the
Property is located. 
  

	18.	INDEMNIFICATION. 

 Tenant will
indemnify, defend and hold harmless Landlord and Landlord’s agents and their respective officers, directors, beneficiaries, shareholders, partners, employees, agents and contractors (the “Parties Indemnified by Tenant”) from
and against any and all loss, damage, claim, demand, liability or expense (including reasonable attorneys’ fees) resulting from claims by third parties and based on any acts or omissions of Tenant or its subtenants and their respective
employees, agents and contractors in connection with the Building. Tenant will have the right and obligation to assume the defense of any claim covered by this indemnity on behalf of both itself and the Parties Indemnified by Tenant, and the Parties
Indemnified by Tenant may not settle such claim without the consent of Tenant, provided (i) Tenant acknowledges to the Parties Indemnified by Tenant in writing that it is responsible for such claim under the terms of this paragraph and
(ii) the lawyers selected by Tenant to handle such defense are reasonably satisfactory to the Parties Indemnified by Tenant and such representation does not result in a conflict of interest for such lawyers. The Parties Indemnified by Tenant
may participate in the defense of such claim at their own expense unless Tenant is not representing the Parties Indemnified by Tenant in which case the reasonable expense of the Parties Indemnified by Tenant in defending against such claim will be
paid by Tenant. The provisions of this paragraph will survive the expiration or sooner termination of this Lease. 
 Except as
otherwise provided in Paragraph 14.2, Landlord will indemnify, defend and hold harmless Tenant and Tenant’s agents and their respective officers, directors, beneficiaries, shareholders, partners, employees, agents and contractors (the
“Parties Indemnified by Landlord”) from and against any and all loss, damage, claim, demand, liability or expense (including reasonable attorneys’ fees) resulting from claims by third parties and based on any acts or omissions
of Landlord, its employees, agents and contractors in connection with the Building. Landlord will have the right and obligation to assume the defense of any claim covered by this indemnity on behalf of both itself and the Parties Indemnified by
Landlord, and the Parties Indemnified by 

  
 17 

 Landlord may not settle such claim without the consent of Landlord, provided (i) Landlord acknowledges
to the Parties Indemnified by Landlord in writing that it is responsible for such claim under the terms of this paragraph and (ii) the lawyers selected by Landlord to handle such defense are reasonably satisfactory to the Parties Indemnified by
Landlord and such representation does not result in a conflict of interest for such lawyers. The Parties Indemnified by Landlord may participate in the defense of such claim at their own expense unless Landlord is not representing the Parties
Indemnified by Landlord in which case the reasonable expense of the Parties Indemnified by Landlord in defending against such claim will be paid by Landlord. The provisions of this paragraph will survive the expiration or sooner termination of this
Lease. 
  

	19.	CASUALTY DAMAGE. 

 19.1 If the
Premises or any part thereof are damaged by fire or other casualty, Tenant will give prompt written notice thereof to Landlord. 

19.2 If the Building is damaged such that substantial alteration or reconstruction of the Building is, in Landlord’s sole opinion,
required (whether or not the Premises are damaged by such casualty) or if any mortgagee of the Building requires that the insurance proceeds payable as a result of a casualty be applied to the payment of the mortgage debt or in the event of any
material uninsured loss to the Building, Landlord may, at its option, terminate this Lease by notifying Tenant in writing of such termination within 90 days after the date of such damage. In addition, if a substantial portion of the Building is
destroyed such that the Premises become untenantable, then Landlord will select a registered architect licensed to do business in Florida to estimate the time for completion. If such architect should certify that such work to the Premises cannot be
accomplished by using standard working methods and procedures so as to make the Premises tenantable within 180 days from the date of casualty or within 3 months from such date if the Lease Term has less than 12 months remaining, either party will
have the right to terminate this Lease by giving to the other notice of such election within 10 days after Tenant’s receipt of the architect’s certificate. If said fire or other casualty results in the total destruction of the Building,
this Lease will automatically terminate as of the date of said fire or other casualty. 
 19.3 If this Lease is not terminated
pursuant to Paragraph 19.2, then (i) Tenant will obtain the insurance proceeds on Tenant’s trade fixtures and personal property in the Premises; (ii) Tenant will take such action as is necessary to make available applicable insurance
proceeds on Tenant Alterations and leasehold improvements which Tenant is required to insure in accordance with Paragraph 10 or Section 1.1(a) of Exhibit E, and Tenant will cause such insurance proceeds on such Tenant Alterations
and leasehold improvements to be paid to Landlord; and (iii) Landlord will take such action as is necessary to make applicable insurance proceeds available with respect to the Building and will commence and proceed with reasonable diligence to
restore the Building and the Premises. However, Landlord will not be obligated to spend for such work an amount in excess of the insurance proceeds actually received by Landlord as a result of the casualty. Tenant will be responsible for replacing
and restoring Tenant’s trade fixtures and personal property. 
 19.4 Landlord will not be liable for any inconvenience or
annoyance to Tenant or injury to the business of Tenant resulting in any way from such damage or the repair thereof, except that, subject to the provisions of Paragraph 19.5, Landlord will allow Tenant a fair diminution of rent during the time and
to the extent the Premises are unfit for occupancy. 
 19.5 If the Premises or any portion of the Building is damaged by fire or
other casualty resulting from the fault or negligence of Tenant’s agents, employees, or invitees, the rent hereunder will not be diminished, offset, or abated during the repair of such damage and Tenant will be liable to Landlord for the cost
of the repair and restoration of the Building caused thereby, as well as any other cost and expense thereby incurred by Landlord, to the extent such cost and expense is not covered by Landlord’s insurance proceeds. 

 

	20.	CONDEMNATION. 

 20.1 If the whole
or substantially the whole of the Building or the Premises is taken for any public or quasi-public use, by right of eminent domain or otherwise, or if it is sold in lieu of condemnation, then this Lease will terminate as of the date when physical
possession of the Building or the Premises is taken by the condemning authority. 
 20.2 If less than the whole or substantially
the whole of the Building or the Premises is thus taken or sold, Landlord (regardless of whether the Premises are affected thereby) may terminate this Lease by giving written notice thereof to Tenant, in which event this Lease will terminate as of
the date when physical possession of such portion of the Building or Premises is taken by the condemning authority. 

  
 18 

 20.3 If this Lease is not so terminated upon any such taking or sale, the Base Rental
payable hereunder will be diminished by a pro-rata amount if a portion of the Premises was taken, and Landlord will, to the extent Landlord deems feasible, restore the Building and the Premises, including tenant improvements (but excluding
Tenant’s fixtures and personal property). However, Landlord will not be required to spend for such work an amount in excess of the amount received by Landlord as compensation for such damage. 

20.4 All amounts awarded upon a taking of any part or all of the Property or the Premises will belong to Landlord, and Tenant will not be
entitled to and expressly waives all claim to any such compensation. However, Tenant will be entitled to claim independently against the condemning authority any damages expressly referable to Tenant’s business as the same may be permitted by
law provided that such claim does not reduce any award payable to Landlord. 
  

	21.	EVENTS OF DEFAULT/REMEDIES. 

21.1 “Events of Default” by Tenant. The happening of any one or more of the following listed events (each an
“Event of Default”) will constitute a breach of this lease by Tenant: 
 (a) The failure of Tenant to pay any
rent or any other sums of money due hereunder within 3 days after notice; for purposes of this Lease, any statutory notice given by Landlord to Tenant in accordance with applicable law, including, without limitation, any statutory 3-day notice, will
suffice for the notice referred to above in this Subparagraph (a); 
 (b) The taking of the leasehold on execution or other
process of law in any action against Tenant; 
 (c) The failure of Tenant to accept the Premises, to promptly move into, to take
possession of, and to operate its business on the Premises when the Premises are substantially complete, or if Tenant ceases to do business in, abandons or vacates any substantial portion of the Premises; 

(d) Tenant becoming insolvent or unable to pay its debts as they become due, or Tenant’s notification to Landlord that it anticipates
either condition; 
 (e) Tenant taking any action to, or notifying Landlord that Tenant intends to, file a petition under the
Bankruptcy Code (Title 11 of the United States Code) as amended, or any similar law or statute of the United States, or any state; or, the filing of a petition against Tenant under any such statute or law, or, any other creditor of Tenant notifying
Landlord that it knows such a petition will be filed; or Tenant’s notification to Landlord that it expects such a petition to be filed; 
 (f) The appointment of a receiver or trustee for Tenant’s leasehold interest in the Premises or for all or a substantial part of the assets of Tenant; 

(g) Breach of any of the provisions of Paragraph 14 (Assignment and Subletting); 

(h) The default of any guarantor under any guaranty of this Lease, the attempted repudiation or revocation of any such guaranty, or the
participation by any such guarantor in any other event described in this Paragraph 21.1 (as if this Paragraph 21.1 referred to such guarantor in place of Tenant); 
 (i) Tenant fails to provide any estoppel certificate, documentation regarding the subordination of this Lease or financial reports after Landlord’s written request therefor pursuant to Paragraph 26,
Paragraph 25, and Paragraph 34.23 respectively, and such failure shall continue for five days after Landlord’s second written notice thereof to Tenant; 
 (j) Tenant fails to pay and release of record, or diligently contest and bond around, any mechanic’s or construction lien filed against the Premises or the Building for any work actually or allegedly
performed, materials actually or allegedly furnished, or obligation incurred by or at the request of a Tenant Party, within the time and in the manner required by Paragraph 15; 

  
 19 

 (k) Tenant or any agent of Tenant falsified any report or misrepresents other information
required to be furnished to Landlord pursuant to this Lease; 
 (l) Tenant fails to cure immediately upon notice thereof any
condition which is hazardous, interferes with another tenant or the operation or leasing of the Property, or may cause the imposition of a fine, penalty or other remedy on Landlord or its agents or affiliates; 

(m) Any other event, act or omissions which any other provision of this Lease identifies as an Event of Default; or 

(n) The failure of Tenant to comply with any other provision of this Lease or any other agreement between Landlord and Tenant (including
the Work Letter; all of which terms, provisions, and covenants will be deemed material) within 30 days after notice if such failure consists of something other than a failure to pay money (unless the default involves a hazardous condition, which
must be cured forthwith), but if such failure cannot be cured within such 30-day period and does not involve a hazardous condition, and if Tenant commences to cure the same within such 30-day period and continues to use diligent efforts to cure such
failure, then such 30-day grace period will be extended for an additional 60 days, such that the maximum grace period is 90 days; for purposes of this Lease, any statutory notice given by Landlord to Tenant in accordance with applicable law will
suffice for the notice referred to above in this Subparagraph. 
 21.2 Landlord’s Remedies for Tenant Default. Upon
the occurrence of an Event of Default by Tenant, Landlord may exercise the remedies described in this Paragraph. 
 (a) Landlord,
without any obligation to do so, may elect to cure the Event of Default on behalf of Tenant, without being liable for any claim for damages therefor, and Landlord may enter upon the Premises and do whatever Tenant is obligated to do under the terms
of this Lease (and Landlord will not be liable for any damages resulting to the Tenant from such action), in which event Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord (together with an administrative fee
of 15% thereof) in curing the Event of Default, plus interest at the Default Rate from the respective dates of Landlord’s incurring such costs, which sums and costs together with interest at the Default Rate shall be deemed additional Rent;

 (b) To enter and repossess the Premises, by breaking open locked doors if necessary, and remove all persons and all or any
property, by action at law or otherwise, without being liable for prosecution or damages. Landlord may, at Landlord’s option, make improvements, alterations and repairs in order to relet the Premises and relet all or any part(s) of the Premises
for Tenant’s account; Tenant agrees to pay to Landlord on demand any deficiency (taking into account all costs incurred by Landlord) that may arise by reason of such reletting. In the event of reletting without termination of this Lease,
Landlord may at any time thereafter elect to terminate this Lease for such previous breach; 
 (c) In the event that Landlord
terminates this Lease pursuant to Paragraph 21.2(f), to declare immediately due and payable an amount equal to all rent accrued hereunder through the effective date of such early termination; 

(d) To declare immediately due and payable as damages for loss of the bargain and not as a penalty (x) the aggregate sum which
represents the excess, if any, of the present value of the aggregate rent payable or which would have been payable hereunder, including, without limitation, Base Rental at the respective annual rates for the remainder of the Lease Term provided for
in this Lease and the amount reasonably projected by Landlord to represent additional rent for the remainder of the Lease Term pursuant to this Lease, over the then present value of the then aggregate fair rental value of the Premises for the
balance of the Lease Term, allowing sufficient time during which all or portions of the Premises may be vacant while attempting to re-lease the Premises, and after deducting from such fair rental value all expenses reasonably anticipated to be
incurred by Landlord in connection with such reletting the Premises, including, without limitation, the expenses enumerated in Paragraph 21.2(b), as reasonably estimated by Landlord (such present worth to be computed in each case on the basis of the
Discount Rate charged by the Federal Reserve Banks as published in the “Money Rates” section of the Wall Street Journal on the day the Lease or Tenant’s right to possession is terminated or if not published on such date, the
publication date immediately prior to such termination date, plus two percent (2%), from the respective dates upon which such rent is or would have been payable hereunder); 

  
 20 

 (e) To declare immediately due and payable an amount equal to all Rent and other sums
required hereunder to be paid by Tenant during the remainder of the Lease Term, diminished, after the end of the Term, by any net sums thereafter received by Landlord through reletting the Premises during such period, after deducting all costs
incurred by Landlord in reletting the Premises; and 
 (f) To terminate this Lease and the Term without any right on the part of
Tenant to save the forfeiture by payment of any sum due or by other performance of any condition, term or covenant broken; 

21.3 Landlord’s Remedies are Cumulative; Mitigation. All the remedies of Landlord in the event of Tenant default will be
cumulative and in addition, Landlord may pursue any other remedies permitted by law or in equity. If Landlord has not terminated Tenant’s right to possession, Landlord will have no obligation to mitigate Landlord’s damages. If Landlord
repossesses the Premises without terminating this Lease, then Landlord will make the Premises available for leasing by third parties and will, if and to the extent required by applicable law, use reasonable efforts to lease such space, which will
not exceed such efforts as Landlord generally uses to lease other space in the Building. Landlord will not be deemed to have failed to use reasonable efforts to lease the Premises to third parties if Landlord leases any other portion of the Building
before reletting all or any portion of the Premises. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord’s rejection of a prospective replacement tenant based on an offer of rentals
below Landlord’s published rates for new leases of comparable space in the Building at the time in question, or at Landlord’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein,
will not give rise to a claim by Tenant that Landlord failed to use reasonable efforts to lease the Premises. 
 21.4 Events
of Landlord Default. Landlord will not be deemed to be in default under this Lease unless obligations required of Landlord hereunder are not performed by Landlord within 30 days after written notice thereof by Tenant to Landlord and to any
lender or other lien holder with rights in all or any portion of the Building, whose names and addresses are furnished to Tenant in writing, which notice specifies that there has been a failure to perform such obligations; provided, however, that if
the nature of such obligations is such that more than 30 days are reasonably required for their cure, Landlord will not be deemed to be in default hereunder if Landlord commences such cure with reasonable promptness within such 30-day period and
thereafter diligently prosecutes such cure to completion. However, if Landlord fails to cure such default within the time set forth above, then any lender or other lien holder with rights in all or any portion of the Property will have an additional
30 days within which to cure such default but not the obligation to do so, or if such default cannot be cured within that time, then such additional time as may be necessary if within such 30 days any such holder has commenced and is diligently
pursuing the remedies necessary to cure such default, including, but not limited to, commencement of foreclosure proceedings if necessary to effect such a cure. 
  

	22.	PEACEFUL ENJOYMENT. 

 Tenant may
peacefully enjoy the Premises against all persons claiming by, through or under Landlord, subject to the other terms hereof, provided that Tenant pays the rent and other sums herein required to be paid by Tenant and performs all of Tenant’s
covenants and agreements in this Lease. 
  

	23.	INTENTIONALLY OMITTED (RELOCATION). 

  

	24.	HOLDING OVER. 

 24.1 If Tenant
holds over without Landlord’s written consent after expiration or other termination of this Lease, or if Tenant continues to occupy the Premises after termination of Tenant’s right of possession pursuant to the provisions of Paragraph
21.2(c), Tenant will throughout the entire holdover period pay rent equal to twice the rent in effect immediately before such holding over, and, in addition, Tenant will pay Landlord all damages sustained by reason of Tenant’s holding over.
Landlord and Tenant maintain the right to terminate such tenancy at sufferance with 30 days’ written notification to the other party or such lesser notice as allowed by applicable law. The provisions of this paragraph do not waive
Landlord’s right of re-entry or right to regain possession by actions at law or in equity or by any other rights hereunder. 

  
 21 

 24.2 No possession by Tenant after the Expiration Date will be construed to extend the Lease
Term unless Landlord has consented to such possession in writing. 
  

	25.	SUBORDINATION TO MORTGAGE. 

 25.1
This Lease is and will be subject and subordinate to any mortgage, deed of trust or related security instrument, whether presently existing or hereafter arising upon the Premises or upon the Building and to any renewals, modifications, refinancing
or extensions thereof, but Tenant agrees that the holder of any such instrument will have the right to subordinate such instrument to this Lease on such terms and subject to such conditions as such holder may deem appropriate in its discretion. The
foregoing subordination of this Lease to any mortgage, deed of trust or related security instrument will be self-operative and no further instrument of subordination is required. 

25.2 Landlord is hereby irrevocably vested with full power and authority to subordinate this Lease to any mortgage, deed of trust or
related security instrument now existing or hereafter placed upon the Premises or the Building as a whole, and Tenant agrees upon demand to execute such further instruments subordinating the Lease or attorning to holder of any such lien as Landlord
may request. 
 25.3 If Tenant fails to execute any subordination or other agreement required by this Paragraph 25 promptly as
requested, Tenant hereby irrevocably constitutes Landlord as its attorney-in-fact to execute such instrument in Tenant’s name, place and stead, it being agreed that such power is one coupled with an interest. 

25.4 Tenant will, in the event of the sale or assignment of Landlord’s interest in the Building or in the event of any proceedings
brought for the foreclosure of, or in the event of exercise of the power of sale under, or taking by deed in lieu of foreclosure of, any mortgage, deed of trust or related instrument made by Landlord covering the Premises, at the election of the
party acquiring title to the Building, give full and complete attornment to the purchaser and recognize the purchaser as Landlord under this Lease for the balance of the Lease Term, including any extensions or renewals thereof. 

25.5 In the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under, or taking by
deed in lieu of foreclosure of, any mortgage, deed of trust or related instrument made by Landlord covering the Premises, the party acquiring title to the Building shall not be liable for (a) any security deposit except to the extent delivered
to such party, (b) any rent paid more than one month in advance, (c) any amendment or modification to this Lease which has not been consented to in writing by such party, and (d) any claims or offsets against the Landlord which have accrued
prior to such party acquiring title to the Building. 
  

	26.	ESTOPPEL. 

 Tenant will, at the
request of Landlord, at any time and from time to time upon not less than 10 days’ prior notice, execute, acknowledge in recordable form, and deliver to Landlord or to Landlord’s mortgagee, lessor under any ground lease, auditors or a
prospective purchaser of the Property or any part thereof, a certificate stating the following, as requested: (a) that this Lease is unmodified and in full force and effect, (or, if modified, stating the nature of such modification and
certifying that this Lease, as so modified, is in full force and effect); (b) the date the Lease commenced and the rent commencement date (if different); (c) whether Tenant has any options to renew or extend the Lease Term or any options,
rights of first refusal or rights of first offer to expand the Premises or to purchase the Property and whether Tenant has exercised any of those options; (d) whether Tenant has accepted and is now in full possession of the Premises, and
whether Tenant has assigned the Lease, sublet all or any portion of the Premises, or otherwise transferred any interest in the Lease or the Premises; Tenant agrees to provide a copy of such assignment, sublease or transfer upon request; (e) the
current monthly installments of Base Rental and Tenant’s Proportionate Share of Operating Expenses, the dates to which such rental and other charges have been paid, and that no such rent has been paid for more than 30 days in advance of its due
date; (f) the base year(s) or base amount(s), if any, for Tenant’s Proportionate Share of Operating Expenses; (g) whether Tenant is currently receiving any rental concessions, rebates or abatements and, if so, the terms of such
concession, rebate or abatement, including, without limitation, the date when such concession, rebate or abatement will expire; (h) whether Tenant is entitled to any future rent concessions, rebates or abatements under the Lease and, if so, the
terms of the future concessions, rebates or abatements; (i) the amount of the Security Deposit paid to Landlord; (j) whether Tenant has received 

  
 22 

 
any notice of prior sale, transfer assignment, hypothecation or pledge of the Lease or of the rents payable thereunder; (k) that all alterations, improvements, additions, build-outs or
construction required to be performed under the Lease have been completed and any required allowances have been paid (or if not completed or paid, stating the nature of the deficiencies); (I) that Tenant is paying rent on a current basis with
no offsets or claims, and there are not, to Tenant’s knowledge, any uncured defaults on the part of Landlord or of Tenant as is pertinent to the request (or specifying such offsets, claims or defaults, if any are claimed); and (m) such
other matters as may be reasonably requested. It is expressly understood and agreed that any such statement may be relied upon by any prospective purchaser or mortgagee of all or any portion of the real property of which the Premises are a part or
by any other person to whom it is delivered. The failure to deliver such statement within such time will be conclusive upon Tenant that this Lease is in full force and effect, without modification except as may be represented by Landlord, there are
no uncured defaults by Landlord and that not more than one month’s rental has been paid in advance and Tenant will be estopped from asserting any defaults known to it at that time. 

 

	27.	INTENTIONALLY OMITTED (LANDLORD’S LIEN). 

  

	28.	TELECOMMUNICATIONS. 

 There are
installed in the Building telephone riser cables (collectively the “riser cables”) from the outside of the Building to the terminal block on each floor in the Building. Subject to Landlord’s supervision and approval, Tenant
shall have the right to use the riser cables by installing telecommunication lines from the Premises to the terminal block on the floor or floors on which the Premises are located (such lines, and any other voice/data cables, lines or wires used or
installed by or for Tenant and serving the Premises are referred to as the “telecommunication lines”). Landlord, however, makes no representations or warranties with respect to the capacity, suitability or design of the riser cables
or terminal blocks. If there is more than one tenant on a floor, Landlord will allocate hook-ups to the terminal block based on the proportion of rentable square feet that each tenant occupies on the floor. The installation and hook-up of
telecommunication lines by Tenant will be subject to all of the terms and conditions of this Lease, including, without limitation, Paragraph 10 of this Lease. Tenant will have no rights or interest in the riser cables and terminal blocks in the
Building therein except as set forth herein. Under no circumstances will Landlord or its agents or employees be liable for, and Tenant and each of its subtenants waives all claims with respect to, any damages or losses sustained by it or any
occupant of the Premises, including any property or consequential damages, resulting from operating or maintenance of the riser cables and terminal blocks. Without limiting the generality of the foregoing, in no event shall Landlord be liable for:
(a) any damage to Tenant’s or its subtenants’ telephone lines, telephones or other equipment connected to the telecommunication lines, (b) interruption or failure of, or interference with, telephone or other service coming
through the telecommunication lines to the Premises, or (c) unauthorized eavesdropping or wiretapping. All telephone and telecommunications desired by Tenant must be ordered and utilized at the sole expense of Tenant. All of Tenant’s
telecommunications equipment must be and remain solely in the Premises, in accordance with this Lease and with the rules and regulations adopted by Landlord from time to time. 
 Any and all telecommunications lines and equipment installed in the Premises or elsewhere in the Building by or on behalf of Tenant must be removed before the expiration or earlier termination of this
Lease, by Tenant at its sole cost or, at Landlord’s election, by Landlord at Tenant’s sole cost, with such cost to be paid as additional rent. However, Landlord will have the right, upon written notice to Tenant given no later than 30 days
before the expiration or earlier termination of this Lease, to require Tenant to abandon and leave in place, without additional payment to Tenant or credit against rent, any and all telecommunication lines and related infrastructure, or selected
components thereof, whether located in the Premises or elsewhere in the Property. Tenant covenants and agrees that at the termination or expiration of this Lease, Tenant will be the sole owner of such telecommunication lines and related equipment
and infrastructure, such that if Landlord elects to require such telecommunication lines and related equipment and infrastructure to remain in place, Landlord will become the sole owner thereof upon expiration or termination of this Lease; Tenant
further covenants that such telecommunication lines and related equipment and infrastructure will be free of all liens and encumbrances, and that such telecommunication lines will be in good condition, working order, and properly labeled at each end
and in each telecommunications/electrical closet and junction box. The provisions of this grammatical paragraph will survive expiration or termination of this Lease. 
 If Tenant wishes at any time to utilize the services of a telecommunications provider whose equipment is not then servicing the Building, no such provider will be permitted to install its lines or other
equipment within the Building or on the Property without first securing the prior written consent of Landlord, which consent may be 

  
 23 

 withheld in Landlord’s sole discretion. If telecommunications equipment, wiring, and facilities
installed by or at the request of Tenant within the Premises, or elsewhere within or on the Building or Property causes interference to equipment used by another party, Tenant will (i) assume all liability related to such interference, and will
indemnify and hold Landlord harmless from any liabilities and claims against Landlord resulting from such interference, (ii) use reasonable efforts, and cooperate with Landlord and other parties, to promptly eliminate such interference,
(iii) if Tenant is unable to promptly eliminate such interference, substitute alternative equipment which remedies the situation, and (iv) if such interference persists, discontinue the use of the equipment causing such interference and,
at Landlord’s discretion, remove such equipment. 
  

	29.	NO IMPLIED WAIVER. 

 29.1 The
failure of Landlord to insist at any time upon the strict performance of any covenant or agreement or to exercise any option, right, power or remedy contained in this Lease will not be construed as a waiver or a relinquishment thereof for the
future. Any default in the timely payment of rent will not be construed as creating a custom of deferring payment or as modifying in any way the terms of this Lease. No act or thing done by Landlord, its agents or employees during the Lease Term
will be deemed an acceptance of a surrender of the Premises, and no agreement to accept a surrender of the Premises will be valid, unless in writing signed by Landlord. The delivery of keys to any of Landlord’s agents or employees will not
operate as a termination of this Lease or a surrender of the Premises. 
 29.2 No payment by Tenant or receipt by Landlord of a
lesser amount than the rent due under this Lease will be deemed to be other than on account of the earliest rent due, nor will any endorsement or statement on any check or any letter accompanying any check or payment as rent be deemed an accord and
satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such rent or Landlord’s right to pursue any other rights and remedies available under this Lease or at law or in
equity including, without limitation, the right to recover possession of the Premises. 
  

	30.	PERSONAL LIABILITY. 

 The
liability of Landlord to Tenant for any default by Landlord under this Lease will be limited to the interest of Landlord in the Property, including the sale, property insurance, and condemnation proceeds thereof, and Tenant agrees to look solely to
Landlord’s interest in the Property and such proceeds for the recovery of any judgment from the Landlord, it being intended that Landlord will not be personally liable for any judgment of deficiency. 

 

	31.	SECURITY DEPOSIT. 

 31.1 The
Security Deposit set forth in the Schedule is due from Tenant upon Tenant’s execution and delivery of this Lease, and will be held by Landlord without liability for interest and as security for the performance by Tenant of Tenant’s
covenants and obligations under this Lease, it being expressly understood that the Security Deposit will not be considered an advance payment of rental or a measure of Tenant’s damages in case of default by Tenant. 

31.2 Landlord may, from time to time without prejudice to any other remedy, use the Security Deposit to the extent necessary to make good
any arrearages of rent or to satisfy any other covenant or obligation of Tenant hereunder. Following any such application of the Security Deposit, Tenant will pay to Landlord on demand the amount so applied in order to restore the Security Deposit
to its original amount. 
 31.3 If Tenant is not in default at the termination of this Lease and has fulfilled all of its
obligations under this Lease, the balance of the Security Deposit remaining after any such application will be returned by Landlord to Tenant. 
 31.4 If Landlord transfers its interest in the Premises during the Lease Term, Landlord may assign the Security Deposit to the transferee and thereafter Landlord will have no further liability for the
return of such Security Deposit. 

  
 24 

	32.	FORCE MAJEURE. 

 Whenever a
period of time is herein prescribed for the taking of any action by Landlord, Landlord will not be liable or responsible for, and there will be excluded from the computation of such period of time, any delays due to strikes, riots, acts of God,
adverse weather conditions not reasonably anticipated, shortages of labor or materials, war, acts of terrorism or bioterrorism, governmental laws, regulations or restrictions, inability to obtain necessary governmental permits and approvals
(including building permits or certificates of occupancy), inability to obtain necessary approvals by any applicable property association or its board of directors, financing, or any other cause whatsoever beyond the reasonable control of Landlord.

  

	33.	HAZARDOUS MATERIAL. 

 33.1 Tenant
will not (either with or without negligence) cause or permit the escape, disposal or release of any Hazardous Material (as defined below). Tenant will not allow the storage or use of Hazardous Material in any manner not sanctioned by law or by the
highest standards prevailing in the industry for the storage and use of such Hazardous Materials, nor allow to be brought into the Building or the Property (or any areas surrounding the Property owned by Landlord) any such Hazardous Materials except
to use in the ordinary course of Tenant’s business in customary quantities for office tenants and in compliance with Environmental Laws, and then only after written notice is given to Landlord of the identity of such substances or materials.

 33.2 For purposes of this Lease, the term “Hazardous Material” means any substance, chemical, waste or
material that is or becomes regulated by any federal, state or local governmental authority because of its toxicity, infectiousness, radioactivity, explosiveness, ignitability, corrosiveness or reactivity, including, without limitation, those
substances regulated by the Environmental Laws (defined below), and including, without limitation, the following: oil and petroleum products and synthetic gas usable for fuel; pesticides regulated under FIFRA, asbestos, and polychlorinated
biphenyls. For purposes of this Lease, “Environmental Laws” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. Section 9601 et seq.); the Clean Air Act, the Clean Water Act; the
Water Quality Act of 1987; the Federal Insecticide, Fungicide, and Rodenticide Act (“FIFRA”); the National Environmental Policy Act; the Noise Control Act; the Safe Drinking Water Act; the Superfund Amendments and Reauthorization
Act of 1986; the Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.); or the Toxic Substances Control Act; as such acts may be amended from time to time; any applicable state or local laws, and the regulations adopted under
these acts. 
 33.3 If any lender or governmental agency ever requires testing to ascertain whether there has been any release
of Hazardous Materials at the Premises or in or about the Property caused by or arising from the action or omission of Tenant or Tenant’s agents or contractors, then the reasonable costs thereof will be reimbursed by Tenant to Landlord upon
demand as additional rent. In addition, Tenant will execute affidavits, representations and the like from time to time at Landlord’s request concerning Tenant’s best knowledge and belief regarding the presence of Hazardous Material on the
Premises. In all events, Tenant will indemnify Landlord in the manner elsewhere provided in this Lease from any release of Hazardous Materials on the Premises or elsewhere if caused by Tenant or Tenant’s agents or contractors. The within
covenants will survive the expiration or earlier termination of the Lease Term. 
 33.4 Tenant, at its own expense, must comply
with all governmental laws, codes, rules and regulations, applicable to Tenant’s use of the Premises. 
  

	34.	MISCELLANEOUS. 

 34.1 Radon
Gas. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state
guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county health department. 
 34.2 Severability. If any term or provision of this Lease, or the application thereof to any person or circumstance is, to any extent, invalid or unenforceable, the remainder of this Lease or the
application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, will not be affected thereby, and each term and provision of this Lease will be valid and enforced to the fullest
extent of law. 

  
 25 

 34.3 Recordation. Tenant agrees not to record this Lease or any memorandum hereof but
Landlord may record this Lease or a memorandum thereof, at its sole election. Upon expiration or earlier termination of this Lease, Tenant will, promptly upon Landlord’s written request, execute, acknowledge and deliver to Landlord a recordable
deed quit-claiming to Landlord all interest of Tenant in the Premises, the Property and this Lease. 
 34.4 Governing Law;
Waiver of Jury Trial. This Lease and the rights and obligations of the parties hereto are governed by the laws of the State of Florida. ALL PARTIES HERETO, BOTH LANDLORD AND TENANT, AS PRINCIPALS, AND ANY GUARANTORS, HEREBY RELEASE AND WAIVE ANY
AND ALL RIGHTS PROVIDED BY LAW TO A TRIAL BY JURY IN ANY COURT OR OTHER LEGAL PROCEEDING INITIATED TO ENFORCE THE TERMS OF THIS LEASE, INVOLVING ANY SUCH PARTIES, OR CONNECTED IN ANY OTHER MANNER WITH THIS LEASE. Tenant will not interpose any
counterclaim of any kind in any action or proceeding by Landlord to recover possession of the Premises based on nonpayment of rent. In the event of a dispute between Landlord and Tenant, Tenant will pay rent into the registry of the court having
jurisdiction over such dispute. 
 34.5 Time of Performance. Except as expressly otherwise herein provided, with respect
to all required acts of Tenant, time is of the essence of this Lease. 
 34.6 Transfers by Landlord. Landlord will have
the right to transfer and assign, in whole or in part, all its rights and obligations hereunder and in the Property and the Premises referred to herein, and in such event and upon such transfer Landlord will be released from any further obligations
hereunder, and Tenant agrees to look solely to such successor in interest of Landlord for the performance of such obligations accruing after such transfer. The covenants of the Landlord will be binding upon Landlord and its successors only with
respect to breaches occurring during its or their respective periods of ownership of the Landlord’s interest hereunder. 

34.7 Real Estate Broker; Commissions. Each party hereto hereby represents and warrants to the other that in connection with the
leasing of the Premises hereunder, the party so representing and warranting has not dealt with any real estate broker, agent or finder, except for Taylor & Mathis of Florida, LLC and the broker (if any) listed in the Schedule (collectively,
the “Broker”), and, to its knowledge no other broker initiated or participated in the negotiation of this Lease, submitted or showed the Premises to Tenant or is entitled to any commission in connection with this Lease. Each party
hereto will indemnify, defend and hold harmless the other against any and all claims, costs, liabilities and expenses (including, without limitation, reasonable attorneys’ fees) in connection with any inaccuracy in such party’s
representation. Landlord hereby agrees that it will pay a commission to the Broker according to a separate agreement. 
 34.8
Late Payment of Rent. No receipt of money by Landlord from Tenant after termination of this Lease or after the service of any notice or after the commencement of any suit, or after final judgment for possession of the Premises, will
reinstate, continue, or extend, the Lease Term or affect any such notice, demand or suit. Any payment of rent not made when due will, at Landlord’s option, bear interest at the rate of 18% per annum (or the highest rate of interest
permitted under Florida law, whichever is lower) (the “Default Rate”) from the due date until paid. Additionally, any payment of rent not paid within 10 days of the date due will be subject to a late payment charge, for each
occurrence, equal to 5% of the amount overdue and payable. Such late charge will be in addition to the interest provided for above and will be due and payable with the next succeeding rent payment. This late payment charge is intended to compensate
Landlord for the additional administrative costs resulting from Tenant’s failure to timely pay the rent and has been agreed upon by Landlord and Tenant after negotiation as a reasonable estimate of the additional administrative costs incurred
by Landlord as a result of Tenant’s failure to timely pay the rent. Such interest and late charge will constitute additional rent. The covenants to pay rent under this Lease are independent of any other covenant. All amounts due Landlord from
Tenant under this will be deemed additional rent hereunder. 
 34.9 Use of Lock Box By Landlord. Landlord may from time
to time elect to designate a lock box collection agent (independent agent, bank or other financial institution) to act as Landlord’s agent for the collection of amounts due Landlord. In such event the date of payment of rent or other sums paid
Landlord through such agent will be the date of agent’s receipt of such payment (or the date of collection of any such sum if payment is made in the form of a negotiable instrument thereafter dishonored upon presentment); however, for purposes
of this Lease, no such payment or collection will be deemed “accepted” by Landlord if Landlord 

  
 26 

 issues a check payable to the order of the Tenant in the amount sent to the lock box and if Landlord mails
the check to the Tenant addressed to the place designated in this lease for notice to Tenant within 21 days after the amount sent by the Tenant is received by the lock box collection agent or if the Landlord returns a dishonored instrument within 21
days of its dishonor. Return of any such sum to Tenant by so sending such a check of the Landlord or by so sending a dishonored instrument to the Tenant within the appropriate 21-day period will be deemed to be rejection of Tenant’s tender of
such payment for all purposes as of the date of Landlord’s lock box collection agent’s receipt of such payment (or collection). The return of Tenant’s payment in the manner described in this paragraph will be deemed not to be a waiver
of any breach by Tenant of any term, covenant or condition of this Lease nor a waiver of any of Landlord’s rights or remedies granted in this Lease. The possession of Tenant’s funds or negotiation of Tenant’s negotiable instrument by
Landlord’s agent or Landlord during the applicable 21 day period will be deemed not to be a waiver of any defaults of Tenant or any rights of Landlord theretofore accrued nor shall any such possession or negotiation be considered an acceptance
of Tenant’s tender. 
 34.10 Effect of Delivery of This Lease. Landlord has delivered a copy of this Lease to Tenant
for Tenant’s review only, and the delivery hereof does not constitute an offer to Tenant or an option to Lease. This Lease will not be effective until a copy executed by both Landlord and Tenant is delivered to and accepted by Landlord.
However, the execution of this Lease by Tenant and delivery thereof to Landlord or Landlord’s agent will constitute an irrevocable offer by Tenant to lease the Premises on the terms and conditions herein contained, which offer may not be
revoked for 30 days after such delivery. 
 34.11 Paragraph Headings. The paragraph or subparagraph headings are used for
convenience of reference only and do not define, limit or extend the scope or intent of the paragraphs. 
 34.12
Definitions. The definitions set forth in Paragraph 1 and in the Schedule are hereby made part of this Lease. 
 34.13
Exhibits. Exhibits A through I are attached hereto and incorporated herein and made a part of this Lease for all purposes: 
  

			
	Exhibit Number	  	Description
	Exhibit A	  	Premises Floor Plan
	Exhibit B	  	Commencement Date Agreement
	Exhibit C	  	Building Rules and Regulations
	Exhibit D	  	Work Letter
	Exhibit E	  	Insurance Obligations
	Exhibit F	  	Parking Rules and Regulations
	Exhibit G	  	Prohibited Uses
	Exhibit H	  	Form of Guaranty
	Exhibit I	  	Temporary Space

 34.14 Notices. 
 (a) Tenant will pay all rent to ACC/GP Development LLC (or any successor Landlord) and will deliver such rent to the following address (or at such other place as Landlord may hereafter designate in
writing): 
 ACC/GP Development LLC 

c/o Groupe Pacific Management, Inc. 

20803 Biscayne Blvd., Suite 200 
 Aventura, FL 33180 
 (b) Tenant will forward all notices to Landlord at the
following address (or at such other place as Landlord may hereafter designate in writing): 
 ACC/GP Development
LLC 
 c/o Groupe Pacific Management, Inc. 

20803 Biscayne Blvd., Suite 200 

  
 27 

 Aventura, FL 33180 

Attn.: Director of Real Estate Services 

Fax: 305-931-7551 
 with a copy to: 
 Building Management Office 

20803 Biscayne Boulevard 
 Aventura, Florida 33180 
 Attn.: General Manager, Aventura
Corporate Center 
 Fax: 305-931-7551 
 (c) Landlord will forward all notices to Tenant at the address set forth in the Schedule until Tenant takes possession of the Premises, and thereafter at the Premises or at such other place within the
continental United States as Tenant may hereafter designate in writing. However, Landlord has no obligation to send any notice, request, demand, consent, approval or other communication required or permitted under this Lease to be given to Tenant,
to more than 3 addresses, including the Premises. 
 (d) Any notice provided for in this Lease must, unless otherwise expressly
provided herein, be in writing, and may, unless otherwise expressly provided, be given or be served (i) by hand delivery, (ii) by depositing such notice in the United States mail, certified or registered mail with return receipt requested,
postage prepaid, or (iii) via reputable overnight air courier service. 
 (e) Notice by hand delivery will be deemed to
have been given when actually delivered or when the tender of such delivery is refused. Notice by certified or registered mail will be deemed to have been given on the third business day after the date that the notice is deposited into the mail,
postage prepaid. Notice given by air courier will be deemed given one business day after it is accepted by such courier for next business day delivery. 
 (f) In lieu of Landlord or Tenant waiving the right to receive any notices, each party hereby waives any technical defects as to form, substance and delivery in the giving of any notices required by this
Lease and by Florida Statutes so long as the notice reasonably apprises the appropriate party of the general nature of the reason for the giving of the notice and affords such party a reasonable opportunity to cure, if applicable. 

34.15 No Presumption. Landlord and Tenant understand, agree and acknowledge that (1) this Lease has been freely negotiated by
both parties, and (2) in any controversy, dispute or contest over the meaning, interpretation, validity or enforceability of this Lease or any of its terms or conditions, there will be no inference, presumption or conclusion drawn whatsoever
against either party by virtue of that party having drafted this Lease or any portion thereof. 
 34.16 Air, Light, View.
This Lease does not create, nor will Tenant have, any express or implied easement for or other rights to air, light or view over or about the Property or any part thereof. 
 34.17 Joint and Several Liability. If more than one person or entity is named in this Lease as Tenant, their liability under this Lease will be joint and several. 

34.18 Entire Agreement. This Lease (including the exhibits attached hereto) contains the entire agreement between the parties
hereto, and no statement, representation, agreement or promise made in connection with this Lease shall be binding upon Landlord or Tenant unless set forth herein. This Lease may only be modified by an agreement in writing signed by Landlord and
Tenant. 
 34.19 Relationship To Parties; No Third Party Beneficiaries. Nothing contained in this Lease will be deemed or
construed by the parties hereto, nor by any third party, as creating the relationship of principal and agent or of partnership or of joint venture between the parties hereto, it being understood and agreed that neither the method of computation of
rent, nor any other provision contained herein, nor any acts of the parties herein, will be deemed to create any relationship between the parties hereto other than the relationship of Landlord and Tenant. This Lease is made for the sole benefit of
Landlord and Tenant and, in the case of Paragraph 25 (Subordination to Mortgage), any present or future holder of a security interest described in such 

  
 28 

 Paragraph, and their respective successors and assigns (subject to the limitation on assignment set forth
above), and no other person or persons shall have any right or remedy or other legal interest of any kind under or by reason of this Lease. Whether or not either party hereto elects to employ any or all the rights, powers or remedies available to it
hereunder, such party shall have no obligation or liability of any kind to any third party by reason of this Agreement or by reason of any of such party’s actions or omissions pursuant hereto or otherwise in connection with this Lease or the
transactions contemplated hereby. 
 34.20 Attorneys’ Fees. Tenant will pay, in addition to the rents and other sums
agreed to be paid hereunder, all collection and court costs incurred by Landlord and Landlord’s reasonable attorneys’ and paralegals’ fees incurred for the collection of unpaid rentals or the enforcement, defense or interpretation of
Landlord’s rights under this Lease, whether such fees and costs be incurred out of court, at trial, on appeal, or in any bankruptcy, arbitration or other administrative proceedings. 

34.21 Authority; Not Restricted. Tenant, and the person executing this Lease on behalf of Tenant, represent and warrant that
Tenant is duly formed in its state of organization, is in good standing in its state of organization and in the State of Florida, and has full corporate or partnership or limited liability company (“LLC”) power and authority, as the case
may be, to enter into this Lease and has taken all corporate or partnership or LLC action, as the case may be, necessary to carry out the transaction contemplated herein, so that when executed, this Lease constitutes a valid and binding obligation
of Tenant, enforceable against Tenant in accordance with its terms. Landlord, and the person executing this Lease on behalf of Landlord, represent and warrant that Landlord is duly formed in its state of organization, is in good standing in its
state of organization and in the State of Florida, and has full organizational power and authority to enter into this Lease and has taken all organizational action necessary to carry out the transaction contemplated herein, so that when executed,
this Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with its terms. Tenant warrants and represents to Landlord that Tenant is not, and shall not become, a person or entity with whom Landlord
is restricted from doing business with under regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including, but not limited to, those named on OFAC’s Specially Designated and Blocked
Persons list) or under any statute, executive order (including, but not limited to, the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism), or
other governmental action and is not and shall not engage in any dealings or transaction or be otherwise associated with such persons or entities. 
 34.22 Intentionally Omitted (Confidentiality). 
 34.23 Financial
Reports. Within 15 days after delivery to Tenant of Landlord’s request to do so, Tenant will furnish to Landlord, or make available to Landlord on the internet, Tenant’s most recent audited financial statements (including any notes to
them) or, if no such audited statements have been prepared, such other financial statements (and notes to them) as may have been most recently prepared by an independent certified public accountant or, if no such statements have been prepared,
current internally prepared financial statements. Landlord may exercise such right to request financial statements at any time in connection with a sale or refinancing of the Building or during the existence of an Event of Default, but in all other
cases Landlord will not exercise such right (i) before the first anniversary of the Commencement Date, or (ii) (from and after the first anniversary of the Commencement Date) more than once per calendar year. Tenant will discuss its
financial statements with Landlord and will give Landlord reasonable access to Tenant’s books and records in order to enable Landlord to verify the financial statements. Landlord shall execute and deliver to Tenant a confidentiality agreement
reasonably satisfactory to Tenant as a condition to receiving any such financial information from Tenant that is not publicly available. 
 34.24 Rentable Area. The Premises are stipulated for all purposes to contain the number of rentable square feet as set forth in the Schedule. Unless otherwise expressly provided herein, any
statement of square footage set forth in this Lease, or that may have been used in calculating rental, is an approximation which Landlord and Tenant agree is reasonable and, except as otherwise set forth in Paragraph 5.1(b), the rental based thereon
is not subject to revision whether or not the actual square footage is more or less. 
 34.25 Prohibited Entities on First
Floor or Citigroup Floor. If the Premises or any portion thereof is located on a floor of which Citigroup Global Markets Inc. or its affiliates or their respective successors or assigns leases 25% or more of the rentable space, Tenant
represents, warrants and covenants that it is not and during the Lease Term will not become an entity engaged primarily in the business of securities brokerage or investment banking, except that the foregoing provisions of this Paragraph 34.25 will
not apply to subleases 

  
 29 

 constituting Permitted Affiliated Transfers (as defined in Paragraph 14.1) of all or a
portion of the initial Premises as set forth in the Schedule (i.e., excluding subsequent expansions), and will not apply to assignments of this Lease constituting Permitted Affiliated Transfers so long as the area of the Premises is not expanded
beyond the initial Premises set forth in the Schedule; if the Premises or any portion thereof is located on the first floor of the Building, Tenant represents, warrants and covenants that it is not and during the Lease Term will not become an entity
engaged primarily in the business of securities brokerage or investment banking, or a national bank. Landlord represents that neither Citigroup Global Markets Inc. nor its affiliates or their respective successors or assigns leases 25% or more of
the rentable space on the 3rd floor of the Building.

  

	35.	GUARANTY. 

 Contemporaneously
with Tenant’s execution of this Lease and delivery thereof to Landlord, Tenant will deliver to Landlord a guaranty (the “Guaranty”) from the Guarantor listed on the Schedule, guarantying Tenant’s obligations under this
Lease. Such guaranty will be in the form of Exhibit H. 
  

	36.	TEMPORARY SPACE. 

 Subject to the terms and conditions set forth in this Paragraph, for the period beginning on the date on which Landlord and Tenant execute this Lease and deliver it to the other, and ending on the day
immediately preceding the date on which Landlord delivers to Tenant possession of the Premises with the Work substantially completed (the “Temporary Lease Term”), Landlord hereby leases to Tenant and Tenant hereby leases from
Landlord that certain space (the “Temporary Space”), consisting of approximately 1,550 rentable square feet and known as Suite 307 in Aventura I, as depicted on Exhibit I. Such lease will be on the terms and conditions of
this Lease, except that Base Rental for the Temporary Space will be $4,262 per month (prorated per diem). During the Temporary Lease Term, Tenant will not be obligated to pay Tenant’s Proportionate Share with respect to the Temporary Space of
Operating Expenses. During the Temporary Lease Term, Landlord is leasing the Temporary Space to Tenant “AS IS” and “With All Faults”, without any representations or warranties of any kind (including, without limitation, any
express or implied warranties of merchantability, fitness or habitability). Landlord will have no obligation to make any improvements or alterations whatsoever to the Temporary Space, or to provide any allowance therefor. Tenant will pay any and all
costs of occupancy of the Temporary Space such as, without limitation, utilities (including electricity), telecommunications infrastructure, insurance, furniture, and moving expenses. On or before the 10th day after the last day of the Temporary Lease Term, Tenant will
deliver to Landlord possession of the Temporary Space in the condition required by Paragraph 9 with respect to the Premises. Paragraph 24 (Holding Over) will apply to Tenant’s failure to vacate the Temporary Space within the required time,
except that the Base Rental during the holdover period will be $210.00 per day. 

  
 30 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease in multiple original counterparts.

  

													
	WITNESSES FOR TENANT:	 		 	TENANT: Green Mountain Analytics, LLC, a Delaware limited liability company
				
	 /s/ Bruce Cooper
 Name: Bruce Cooper
	 		 	By: Name: Title: Date:	 	 /s/ Samuel H. Cash
 Samuel H. Cash
 CEO
 9/7/2012

	 /s/ John O Neil
 Name: John O Neil
	 		 		 	
				
		 		 		 	LANDLORD: ACC/GP DEVELOPMENT LLC, a Florida limited liability company
					
		 		 		 	By:	 	ACC/GP Southeastern LLC, a Florida limited liability company, its Managing Member
	WITNESSES FOR LANDLORD:	 		 		 	
					
	/s/ Liliana Ribero	 		 		 	By:	 	Pacific International Equities, Inc., its sole member
	Name:	 	Liliana Ribero	 		 		 		 		 	
						
	/s/ Denver A Hughey	 		 		 		 	By:	 	/s/ Michael Bedzow
	Name:	 	Denver A Hughey	 		 		 		 	Name:	 	Michael Bedzow
		 		 		 		 		 	Title:	 	President
		 		 		 		 		 	Date:	 	9/12/2012

  
 S-1

 EXHIBIT A 

 
 

 

  
 A-1

 EXHIBIT B 
 COMMENCEMENT DATE AGREEMENT 
 It is hereby agreed among the parties to that
certain Lease Agreement dated            , 20    , for Suite     , in the building commonly known as Aventura Corporate Center III, located at 20807
Biscayne Boulevard, Aventura, Florida (the “Lease”) between              (“Tenant”), and ACC/GP Development LLC (“Landlord”) that: 

 

	1.	The Commencement Date of the Lease is                     .

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Statement as of the date hereof. 

 

													
	Witnesses For Tenant:	 		 	TENANT:
				
	/s/ Bruce Cooper	 		 	By:	 	/s/ Samuel H. Cash
	Name:	 	Bruce Cooper	 		 	 Name:
 Title:

Date:
	 	 Samuel H. Cash

CEO
 9/7/2012

	 /s/ John O Neil
 Name:John O Neil
	 		 		 	
	  
 Witnesses For Landlord:
	 		 	  
 LANDLORD: ACC/GP DEVELOPMENT LLC, a Florida limited
liability company

					
		 		 		 	By:	 	ACC/GP Southeastern LLC, a Florida limited liability company, its Managing Member
						
		 		 		 		 	By:	 	Pacific International Equities, Inc., its sole member
							
		 	 	 		 		 		 	By:	 	 
	Name:	 	 	 		 		 		 	Name:	 	Michael Bedzow
	 	 		 		 		 	Title:	 	President
	Name:	 	 	 		 		 		 	Date:	 	                    , 20

  
 B-1

 EXHIBIT C 
 BUILDING RULES AND REGULATIONS 
 Landlord has adopted the following Building Rules and
Regulations for the care, protection and benefit of your Premises and the Building and for the general comfort and welfare of all Tenants. These Rules and Regulations are subject to amendment by the Landlord from time to time. 

 

	1.	Building Hours and Access. 

1.1 Normal Building Hours are from 7:00 a.m. to 6:00 p.m., Monday through Friday, and on Saturday from 8:00 a.m. to 1:00 p.m., excluding
legal holidays. 
 1.2 HVAC service at times other than for Normal Building Hours will be furnished only upon written request of
Tenant delivered to the Landlord by 4:00 p.m. of the business day (i.e., Monday through Friday excluding legal holidays) preceding the day for which such usage is requested. Tenant will bear the entire cost of such additional service as such costs
are determined by Landlord from time to time. 
 1.3 Building entry at times other than for Normal Building Hours may be limited
to a single entrance. 
 1.4 Landlord reserves the right to designate the time when freight, furniture, goods, merchandise and
other articles may be brought into, moved or taken from Premises or the Building. Tenants must make arrangements with the management office when the freight elevator is required for the purpose of carrying any kind of freight. Tenant will pay
Landlord’s reasonable standard charge for use of the freight elevator. No furniture, freight, or equipment of any kind shall be brought into the Building without prior notice to Landlord. All moving of the same into or out of the Building shall
be scheduled with Landlord, utilizing the freight elevator only, and only at such time and in such manner as Landlord shall designate. Landlord shall have the right to prescribe the weight, size, and position of all safes and other heavy property
brought into the Building and also the times and manner of moving the same in and out of the Building. Safes and other heavy objects shall, if considered necessary by Landlord, stand on supports of such thickness as is necessary to properly
distribute the weight. Landlord will not be responsible for loss of or damage to any such safe or property in any case. All damage done to any part of the Building, its contents, occupants, or visitors by moving or maintaining any such safe or other
property shall be the sole responsibility of Tenant and any expense of said damage or injury shall be borne by Tenant. No furniture, packages, supplies, equipment, or merchandise will be received in the Building or carried up or down in the
elevators, except between such hours and in such specific elevator as shall be designated by Landlord. 
 1.5 Landlord reserves
the right at all times to exclude loiterers, vendors, solicitors, and peddlers from the Building and to require registration of satisfactory identification or credentials from all persons seeking access to any part of the Building outside ordinary
business hours. The Landlord will exercise its judgment in the execution of such control but will not be liable for the granting or refusal of such access. Landlord shall have the right to control and operate the public portions of the Property, the
public facilities, and any other facilities furnished for the common use of Tenants, in such manner as determined appropriate by Landlord, in its sole discretion. Landlord reserves the right to exclude or expel from the Building any person who, in
the judgment of Landlord, is intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of these Building Rules and Regulations. 

 

	2.	Building. 

 2.1 The
sidewalks, entry passages, corridors, halls, elevators, and stairways must not be obstructed by the Tenant or used by it for other than those of ingress and egress. 
 2.2 The floors, skylights and windows that reflect or admit light into any place in the Building must not be covered or obstructed by the Tenant. 

  
 C-1

 2.3 Restroom facilities, water fountains, and other water apparatus must not be used for any
other purpose other than for which they were constructed, and no rubbish, or other obstructing substances may be thrown therein, and the expense of any breakage, stoppage, or damage resulting from a violation of this provision by Tenant or
Tenant’s officers, employees, agents, patrons, customers, licensees, visitors, or invitees will be borne by Tenant. 
 2.4
Tenant will not injure, or overload or deface the Building, the woodwork, or the walls of the Premises, nor carry on upon the Premises any noxious, noisy or offensive business, nor store in the Building or the Premises any odorous materials. Tenant
shall not use, keep, or permit to be used or kept, any foul or noxious gas or substance in or on the Premises, or permit or allow the Premises to be occupied or used in a manner offensive or objectionable to Landlord or other occupants of the
Building by reason of noise, odors, or vibrations, or interfere in any way with other Tenants or those having business therein. Tenant shall not use or keep in or on the Premises or the Building any kerosene, gasoline, or other inflammable or
combustible fluid or material. 
 2.5 Tenant, its officers, agents, employees, patrons, customers, licensees, Invitees, and
visitors will not solicit in the Property, nor will Tenant distribute any handling or other advertising matter in automobiles parked in the Building’s parking facilities. Tenant shall not disturb, solicit, or canvass any occupant of the
Building and shall cooperate with Landlord or agent of Landlord to prevent same. 
 2.6 Landlord will not be responsible for
lost or stolen property, equipment, money, or any article taken from the Premises, Building or parking facilities, regardless of how and when loss occurs. 
 2.7 Landlord will have the right, exercisable upon written notice and without liability to Tenant, to change the name and street address of the Building. 

2.8 Smoking will not be permitted in the Building. Smoking will not be permitted in the exterior Common Areas unless Landlord
specifically designates a portion or portions of the exterior Common Areas where smoking is to be permitted, in which case smoking will be permitted only in those portions of the exterior Common Areas specifically designated by Landlord. Such
designation of smoking areas (if any) is intended as an accommodation on the part of the Landlord and can be changed or eliminated at any time by Landlord with or without prior notice from Landlord. 

2.9 Tenant shall not in any manner use the name of the Property for any purpose other than that of the business address of the Tenant, or
use any picture or likeness of the Property, in any letterheads, envelopes, circulars, notices, advertisements, containers or wrapping material without Landlord’s express consent in writing. 

2.10 Tenant will not use pallet jacks or similar equipment within the Building. 

2.11 The requirements of Tenant will be attended to only upon application at the office of the Building or at such office location
designated by Landlord. Employees of Landlord shall not perform any work or do anything outside their regular duties unless under special instructions from Landlord. 
 2.12 Tenant shall not employ any service or contractor for services or work to be performed in the Building, except as approved by Landlord. 

2.13 No Tenant, employee, or invitee shall go upon the roof of the Building. 

2.14 The toilet rooms, urinals, wash bowls, and other apparatus shall not be used for any purpose other than that for which they were
constructed, and no foreign substance of any kind whatsoever shall be thrown therein. The expense of any breakage, stoppage, or damage resulting from the violation of this rule shall be borne by the tenant who, or whose employees or agents, shall
have caused it. 
 2.15 Tenant, its employees, visitors, and agents shall not loiter in the entrances, corridors or any Common
Areas, nor in any way obstruct the sidewalks, lobby, halls, stairways, restrooms, or elevators, and shall use the same only as a means of ingress and egress for the Premises. 
 3. Doors and Windows. 
 3.1 Tenant entrance doors should be kept closed at
all times in accordance with the fire code. 

  
 C-2

 3.2 Tenant shall not alter any lock or install any new or additional locks or bolts on any
doors or windows of the Premises without obtaining Landlord’s prior written consent. Tenant shall bear the cost of any lock changes or repairs required by Tenant. Two keys will be furnished by Landlord for the Premises, and any additional keys
required by Tenant must be obtained from Landlord at a reasonable cost to be established by Landlord. Upon termination of the Lease, all keys to the Building and the Premises shall be surrendered to Landlord. 

3.3 All signage at the entrance to the Premises will be in the standard graphics for the Building, and no other may be used or permitted
on the Premises without Landlord’s prior written consent. 
 3.4 All glass, locks and trimmings in or upon the doors and
windows of the Building will be kept whole and when any part thereof is broken the same will be immediately replaced or repaired and put in good repair. 
 3.5 Window blinds of a uniform Building Standard, color and pattern only will be used throughout the Building to give uniform color exposure through exterior windows. These blinds will remain in the lower
position at all times to provide uniform exposure for the outside. 
 3.6 Landlord will have the right to close all or a portion
of the Building at any time and require tenants to exit the same, during and in connection with any actual, alleged, imminent or potential hurricane, tropical storm or other extreme weather, tidal wave, terrorist threat, or other emergency, whether
in Landlord’s judgment or based on governmental order or curfew; Landlord will not be liable to Tenant, and Tenant will not be entitled to any rent abatement and will not have any right or remedy against Landlord, in connection with any such
closure. 
 4. Premises Use. 
 4.1 The Tenant may not install in the Premises any heavy weight equipment or fixtures or permit any concentration of excessive weight in any portion thereof without first having obtained Landlord’s
written consent. 
 4.2 Tenant may not operate any device which may emanate electrical waves which will impair radio or
television broadcasting or reception from or in the Building. 
 4.3 No wires of any kind or type (including but not limited to
television or radio antennas) may be attached to the outside of the Building and no wires may be run or installed in any part of the Building without the Landlord’s prior written consent. Such wiring will be done by the electrician of the
Building only, and no outside electrician will be allowed to do work of this kind unless by the written permission of Landlord or its representatives. Landlord will approve where and how telephone, computer, and any other cables and/or wires are to
be introduced to the Premises. No boring or cutting for cables or wires shall be allowed without the consent of Landlord. The location of telephones, call boxes, and other office equipment affixed to the Premises shall be subject to the approval of
Landlord. 
 4.4 If Tenant desires any signal, communication, alarm or other utility or service connection installed or changed,
such work will be done at the expense of Tenant, with the approval and under the direction of Landlord, Tenant will not utilize any wireless communication equipment (other than usual and customary cellular telephones and pagers), including antenna
and satellite receiver dishes, within the Premises, or the Building, without Landlord’s prior written consent. Such consent may be conditioned in such manner so as to protect Landlord’s interest and the interest of the Building and the
other tenants therein. 
 4.5 No painting may be done, nor may any alterations be made, to any part of the Building by putting
up or changing any partition, doors or windows, nor will there be any nailing, boring, or screwing into the woodwork or plastering, nor will any connection be made to the electric wires or electric fixtures without the consent in writing on each
occasion of Landlord. Tenant shall not overload the floor of the Premises, nor mark, drive nails or screws, or drill into the partitions, woodwork, or plaster or in any way deface the Premises or any part thereof without Landlord’s reasonable
consent first had and obtained. 

  
 C-3

 4.6 All contractors or technicians performing work for Tenant within the Premises, Property
or parking facilities will be referred to Landlord for approval in accordance with the Lease before performing such work. This will apply to all work including, but not limited to, installation of telephones, electrical devices and attachments, and
all installations affecting floors, walls, windows, doors, ceiling, equipment or any other physical feature of the Property, leased Premises or parking facilities. None of this work may be done by Tenant without Landlord’s prior written
approval. 
 4.7 Tenant will not cause or permit any unusual or objectionable odors to be produced upon or permeate from the
Premises. Such odors include, but are not necessarily limited to, cooking fumes, food odors, cleaning agents, chemicals, or substances of any kind. If Landlord receives a complaint regarding objectionable odors, the complaint will be investigated
and if necessary, the offender will be asked to cease and desist from the action causing the objectionable odor(s). 
 4.8 No
cooking shall be done or permitted by any Tenant on the Premises, nor shall the Premises be used for the storage of merchandise, for lodging, or for any improper, objectionable, or immoral purposes. Notwithstanding the foregoing, Underwriters’
Laboratory-approved equipment may be used in the Premises for brewing coffee, tea, hot chocolate, and similar beverages, provided that such use is in accordance with all applicable Federal, state, and city laws, codes, ordinances, rules, and
regulations. 
 4.9 Tenant shall not bring into or keep within the Building any motor vehicle or bicycle, and no animals or pets
shall be allowed in the Premises or any other parts of the Building, other than those service dogs individually and specifically trained to perform tasks for a specific person with one or more disabilities (such as guiding someone who is blind,
alerting someone who is deaf, pulling a wheelchair, or alerting and protecting a person who is having a seizure), and such person with such disability or disabilities is Tenant or its agent, employee, or invitee. 

4.10 Tenant will not permit the number of people (including, without limitation, Tenant’s employees and invitees) regularly
occupying the Premises at any one time to exceed one per 250 rentable square feet of space in the Premises. 
 4.11 Tenant shall
not waste electricity, water, or air conditioning and agrees to cooperate fully with Landlord to ensure the most effective operation of the Building’s air conditioning and ventilation system, and shall refrain from attempting to adjust any
controls. Tenant shall cooperate fully with any energy or resource conservation program implemented by Landlord with regard to the Building. 
 4.12 Tenant shall store all its trash and garbage within the interior of the Premises. No material shall be placed in the trash boxes or receptacles if such material is of such nature that it may not be
disposed of in the ordinary and customary manner of removing and disposing of trash and garbage in the area without violation of any law or ordinance governing such disposal. All trash, garbage, and refuse disposal shall be made only through
entry-ways and elevators provided for such purposes at such times as Landlord shall designate. 
 4.13 Tenant shall comply with
all safety, fire protection, and evacuation procedures and regulations established by Landlord or any governmental agency. 

4.14 Tenant shall assume any and all responsibility for protecting the Premises from theft, robbery, and pilferage, which includes
keeping doors locked and other means of entry to the Premises closed. 
 4.15 Landlord may waive any one or more of these
Building Rules and Regulations for the benefit of any particular tenant or tenants, but no such waiver by Landlord shall be construed as a waiver of such Building Rules and Regulations in favor of any other tenant or tenants, nor prevent Landlord
from thereafter enforcing any such Building Rules and Regulations against any or all tenants of the Building. 
 4.16 No awnings
or other projection shall be attached to the outside walls of the Building without the prior written consent of Landlord. No curtains, blinds, shades, or screens shall be attached to or hung in, or used in connection with, any window or door of the
Premises without the prior written consent of Landlord. All electrical ceiling fixtures hung in offices or spaces along the perimeter of the Building must be fluorescent and/or of a quality, type, design, and bulb color approved by Landlord.

  
 C-4

 4.17 The sashes, sash doors, skylights, windows, and doors that reflect or admit light and
air into the halls, passageways, or other public places in the Building shall not be covered or obstructed by Tenant, nor shall any bottles, parcels, or other articles be placed on the window sills. 

4.18 No sign, placard, picture, name, advertisement, or notice visible from the exterior of the Premises shall be inscribed, painted,
affixed, or otherwise displayed by Tenant on any part of the Building without the prior written consent of Landlord. Landlord will adopt and furnish to Tenant guidelines relating to signs inside the Building on the office floors. Tenant agrees to
conform to such guidelines, but may request approval of Landlord for modifications, which approval may be granted or withheld in Landlord’s sole and absolute discretion. All approved signs or lettering on doors shall be printed, painted,
affixed, or inscribed at the expense of Tenant by a person approved by Landlord. Material visible from outside the Building will not be permitted. 

  
 C-5

 EXHIBIT D 
 WORK LETTER 
 1. PLANNING. Tenant will engage an interior office space planner
(“Space Planner”), subject to Landlord’s prior written approval. Tenant will deliver to Landlord or Landlord’s architect (the “Architect”) by September 15, 2012 a space plan, subject to
Landlord’s written approval (the “Space Plan”) prepared by the Space Planner for improving the Premises, and will cause the Space Planner to devote such time in consultation with Landlord and the Architect as Landlord deems
necessary to furnish to Landlord or the Architect by such date such other information relative to the Premises as Landlord may deem necessary to enable the Architect to commence on or before such date architectural plans and specifications (the
“Proposed Architectural Plans”) for improving the Premises. The information to be furnished by Tenant and the Space Planner to the Architect will include but not be limited to: 

 

	 	a.	Special loading, such as the location of file cabinets or special equipment. 

 

	 	b.	Openings in the walls or floors. 

  

	 	c.	Special electrical, air conditioning or plumbing work. 

  

	 	d.	Location and dimensions of telephone equipment rooms, and telephone and electrical outlets. 

 

	 	e.	Partitions—locations and type, including doors and non-Building Standard hardware. 

 

	 	f.	Special cabinet work or other millwork items. 

  

	 	g.	Variations to standard ceiling heights. 

  

	 	h.	Color selection of painted areas. 

  

	 	i.	Selection of floor covering and any special wall covering. 

  

	 	h.	Equipment list and personnel count so that heat/electrical load calculations may be performed by the Engineer. 

All materials must be Building Standard unless Landlord otherwise expressly agrees in writing. Within 5 business days after the Proposed Architectural
Plans have been submitted to Tenant, Tenant agrees to provide the Architect with Tenant’s (a) written approval of such Proposed Architectural Plans and to redeliver the Proposed Architectural Plans to the Architect for submission to
Landlord for Landlord’s final approval, or (b) written disapproval of such Proposed Architectural Plans stating in detail the reasons for such disapproval and the corrections necessary, and to redeliver the Proposed Architectural Plans to
the Architect for revision. Tenant’s approval of the Proposed Architectural Plans will not be unreasonably withheld. If Tenant so disapproves such Proposed Architectural Plans, the Architect will modify the Proposed Architectural Plans, taking
into account the reasons given by Tenant for disapproval, and will submit the revised Proposed Architectural Plans to Tenant for approval. Within 3 business days after the revised Proposed Architectural Plans have been submitted to Tenant, Tenant
agrees to provide the Architect with Tenant’s written approval of such revised Proposed Architectural Plans and to redeliver the Proposed Architectural Plans to the Architect for submission to Landlord for Landlord’s final approval. If
(i) Tenant fails to deliver the Space Plan by the required date or fails to furnish the Architect with all necessary information so that Architect can commence the Architectural Plans on or before the date specified above, or (ii) Tenant
fails to redeliver the Proposed Architectural Plans with Tenant’s approval (or disapproval, with reasons stated) to the Architect within such 5 business day period, or (iii) after the Architect’s revision of the Proposed Architectural
Plans at Tenant’s request, Tenant fails to redeliver the revised Proposed Architectural Plans with Tenant’s approval to the Architect within such 3 business day period, such failure will constitute a Tenant Delay. 

After final approval of the Proposed Architectural Plans by Landlord (as so approved, the “Approved Architectural Plans”),
Landlord will cause such Approved Architectural Plans to be delivered to the Landlord’s engineer (the “Engineer”) for the preparation of final mechanical and electrical plans and specifications (the “Engineering
Plans”; the Approved Architectural Plans and the Engineering Plans are referred to collectively as the “Plans”). For purposes of this Work Letter, the “Work” means: (A) purchase and installation of the
improvements and items of work shown on the Plans, and (B) any demolition, preparation or other work required in connection therewith. However, the “Work” will exclude the purchase and installation of all telephone, voice/data and
computer cables, conduit and equipment, regardless of whether the same may be shown on the Space Plan or on the Plans. 

  
 D-1

 2. COST OF THE WORK; ALLOWANCE. 
 2.1 Cost of The Work. Except for the Allowance to be provided by Landlord as described below, Tenant will pay all costs (the “Cost of the Work”) associated with the Work
whatsoever, including, without limitation, all costs for or related to: 
 a. the so-called “hard
costs” of the Work, including, without limitation, costs of labor, hardware, equipment and materials, contractors’ charges for overhead and fees, and so-called “general conditions” (including rubbish removal, utilities, freight
elevators, hoisting, field supervision, building permits, occupancy certificates, inspection fees, utility connections, bonds, insurance, and sales taxes); 
 b. the so-called “soft costs” of the Work, including, without limitation, the Space Plan, the Proposed Architectural Plans, the Approved Architectural Plans, and the Engineering Plans, and all
revisions to the foregoing, and any and all engineering reports or other studies, reports or tests, air balancing or related work in connection therewith; and 
 c. an amount equal to 3% of the total of the costs described in clauses a. and b. above, to cover Landlord’s overhead expenses and to compensate Landlord for its services hereunder. 

Within 15 business days after the Plans are finalized, Landlord will obtain and furnish to Tenant written estimates of the hard costs component (but
excluding governmental permits and certificates unless, and except to the extent, specifically stated as included) of the Cost of the Work. Such estimates will contain a guarantied maximum or fixed price amount, subject to unforeseen conditions,
change orders, governmental requirements, and the like. Such price proposal will be subject to Tenant’s review and approval, which will not be unreasonably withheld. Unless otherwise agreed to in writing by Tenant, Landlord will select the
lowest responsible bidder as the contractor for the Work. If Tenant fails to approve or disapprove in writing such estimates within 3 business days after Tenant’s receipt of such estimates, Tenant will be deemed to have approved the lowest
bidder, and Landlord may complete the Work without further authorization or approval of Tenant. The contractor whose bid is selected by Landlord and approved or deemed approved (as provided above) by Tenant is referred to as the
“Contractor”. Should Tenant desire to seek adjustments of such price proposal, Tenant will work promptly with the Architect and the Contractor to alter the Plans as necessary to cause the hard costs price quotation based thereon to
be acceptable to Tenant and to establish the revised estimated Cost of the Work. Upon determination of the revised estimated Cost of the Work and initialing of the Plans, Tenant will be deemed to have given final approval of the same, and Landlord
will be deemed to have been authorized to proceed with contracting with the Contractor for the performance of the Work in accordance with the Plans as so revised. In the event that the estimated Cost of the Work exceeds the Allowance, Tenant must
deposit with Landlord a sum equal to the difference between said estimated Cost of the Work and the Allowance. Any delay by Tenant in approving the estimated Cost of the Work (beyond the three business days after Tenant’s receipt of the price
proposals), and in the event the estimated Cost of the Work exceeds the Allowance, any delay (beyond 5 business days after Tenant’s receipt of a written invoice for the same) in Tenant depositing with Landlord a sum equal to the difference
between said estimated Cost of the Work and Landlord’s Allowance, will constitute a Tenant Delay. Prior to commencing the Work, Landlord and the Contractor will enter into a construction contract for the performance of the Work called for by
the Plans, for a price equal to or not to exceed the hard costs component of the estimated Cost of the Work (but excluding governmental permits and certificates unless, and except to the extent, specifically stated as included) approved or deemed
approved by Tenant (subject to unforeseen conditions, change orders, governmental requirements, and the like). 
 2.2 Allowance. Landlord will provide a construction allowance (the “Allowance”) of up to the amount of the Allowance set forth in the Schedule to the Lease toward the Cost of the
Work. The Allowance may not be used for any other purpose, such as, but not limited to, furniture, trade fixtures or personal property. Landlord will have no obligation to disburse the Allowance or any portion thereof so long as any Event of Default
(as defined in the Lease) exists and is continuing. If all or any portion of the Allowance is not used by the 1st
anniversary of the Commencement Date, Landlord will be entitled to the savings and Tenant will receive no credit therefor. 

2.3 Payment. Landlord will pay the Cost of the Work up to, but not exceeding, the Allowance. The Allowance will be utilized before
Tenant’s funds deposited with Landlord for the excess of the Cost of the Work over the Allowance. To the extent that the estimated Cost of the Work exceeds the Allowance, Tenant will pay the excess to Landlord pursuant to Sections 2.1 and 2.4
of this Work Letter. An amount equal to the total actual 

  
 D-2

 
Cost of the Work over the Allowance and over any amounts deposited with Landlord pursuant to Sections 2.1 and 2.4 hereof will be paid by Tenant to Landlord upon substantial completion of the
Work, but in no case later than initial occupancy by Tenant. Tenant’s failure to pay or deposit, as the case may be, any amounts due Landlord under this Work Letter when due will constitute a failure by Tenant to pay rent when due under the
Lease and will constitute an Event of Default by Tenant under the Lease, and Landlord will have all of the remedies available to it under the Lease for nonpayment of rent. 
 2.4 Tenant Initiated Change Orders. If at any time after the Cost of the Work is estimated, Tenant desires to make changes in the Plans, Tenant will submit to the Architect any and all such
proposed changes, and the Architect will prepare for pricing by the Contractor working drawings and specifications for any and all such desired changes. All such changes will be subject to Landlord’s approval, which will not be unreasonably
withheld unless such change would result in a material delay in the completion of the Work. Once accepted by Landlord, such changes will be processed as a formatted change order under the Contract or other appropriate document, and all references in
this Work Letter to the “Plans” will be to the Plans adopted pursuant to the procedures hereinabove set forth, as changed and modified pursuant to this Section, and the Cost of the Work will be deemed to include the net aggregate cost of
such changes (after taking into account any savings effected by any such change order). If any such change Tenant desires to make in the Plans would increase the estimated Cost of the Work in excess of the Allowance, Tenant may be required to
deposit with Landlord the anticipated amount of such increase in the Cost of the Work in excess of the Allowance as a condition to Landlord’s approval of the Plans or any Tenant-initiated change orders thereto. 

3. SUBSTANTIAL COMPLETION; TENANT DELAY. Subject to the other terms and conditions of this Work Letter and the Lease, Landlord will proceed diligently
with the performance of the Work. The actual Commencement Date will be governed by the Lease. All work to be done in the Premises, including, without limitation, the Work, will be subject to Landlord’s approval, and no work may be undertaken in
the Premises until such approval is given. The Work will be deemed substantially completed upon (i) completion of construction of the Work in substantial accordance with the Plans (excepting only such punch list items that will not materially
adversely affect Tenant’s occupancy and use of the Premises for their intended purpose) and (ii) if required by applicable law, Landlord’s receipt of a temporary or permanent certification or other authorization from the applicable
governmental authority permitting occupancy of the Premises, unless Tenant’s actions or omissions have caused such approvals to be denied, in which case Tenant will be deemed to have waived this condition. For purposes of this Lease, each one
or more of the following constitutes a “Tenant Delay”: 
 a. Tenant’s failure to deliver
the Space Plan by the required date, or failure to devote the time or furnish the information required under Paragraph 1 of this Work Letter in connection with the Space Plan or the Architectural Plans; or 

b. Tenant’s failure to approve or disapprove (with stated reasons) the Proposed Architectural Plans within the
required time, or Tenant’s proposing changes to the Architectural Plans that are inconsistent with or beyond the scope of work called for by the Space Plan or information theretofore furnished by Tenant or its Space Planner to Landlord or the
Architect; 
 c. Tenant’s disapproval of cost estimates for the Work; or 

d. Tenant’s request for materials, finishes or installations constituting “long-lead items,” as reasonably
determined by Landlord; or 
 e. Tenant’s failure to respond within any of the time periods specified
herein, or Tenant’s failure to deposit (or delay in depositing) any sum Tenant is obligated to deposit with Landlord; 
 f. Tenant’s request for changes in the Work, or in the Plans (notwithstanding Landlord’s approval of any such changes) after Tenant’s preliminary approval thereof, including, without
limitation, any changes in the Plans made at the request of Tenant upon Tenant’s receipt of the cost estimates in accordance with Paragraph 2; or 
 g. Any other act or omission by Tenant or its agents, including, without limitation, the Space Planner, which directly or indirectly delays completion of the Work or Landlord’s delivery to Tenant of
possession of the Premises. 

  
 D-3

 4. ACCESS BY TENANT PRIOR TO COMMENCEMENT OF TERM. Landlord, at Landlord’s discretion, may permit
Tenant and Tenant’s agents to enter the Premises prior to the date specified as the Commencement Date of the Lease in order that Tenant may make the Premises ready for Tenant’s use and occupancy. If Landlord permits such entry prior to the
Commencement Date, such permission will constitute a license only and not a lease and such license will be conditioned upon: (a) Tenant working in harmony and not interfering with Landlord and Landlord’s agents, contractors, workmen,
mechanics and suppliers in doing the Work, or the Work in the Building or with other tenants and occupants of the Building; (b) Tenant obtaining in advance Landlord’s approval of the contractors proposed to be used by Tenant and depositing
with Landlord in advance of any work (i) security satisfactory to Landlord for the completion thereof, (ii) general contractor’s affidavit for proposed work and waiver of lien from general contractor, all subcontractors and suppliers
of material; (c) Tenant furnishing Landlord with such proof of insurance and other security as Landlord may require. Landlord will have the right to withdraw such license for any reason upon notice to Tenant. Tenant agrees that Landlord will
not be liable in any way for any injury, loss or damage which may occur to any of Tenant’s property placed or installations made in the Premises prior to the Commencement Date, the same being at Tenant’s sole risk and Tenant agrees to
protect, defend, indemnify and save harmless Landlord from all liabilities, costs, damages, fees and expenses arising out of or connected with the activities of Tenant or its agents, contractors, suppliers or workmen in or about the Premises or the
Property. Tenant further agrees that any entry and occupation permitted under this paragraph will be governed by Paragraph 10 of the Lease and all other terms of the Lease. 
 5. WARRANTY. Landlord will enforce, for a period of one year from substantial completion of the Work, any warranties for the Work granted for the benefit of Landlord. 

6. MISCELLANEOUS. 
 A. The
Premises must be keyed to permit entry by the Building master key. 
 B. Except to the extent otherwise indicated herein, the
initially capitalized terms used in this Work Letter will have the meanings assigned to them in the Lease. 
 C. The terms and
provisions of this Work Letter are intended to supplement and are specifically subject to all the terms and provisions of the Lease. 
 D. This Work Letter may not be amended or modified other than by supplemental written agreement executed by authorized representatives of the parties hereto. 

E. Any Space Plan or other plans that may be attached to or referred to in this Work Letter are subject to the approval of the applicable
governmental authority, and will be subject to such revisions as may be required by the applicable governmental authority. 
 F.
Landlord’s preparation or review and approval of the Plans and the performance of the Work shall not create or imply any responsibility or liability on the part of Landlord with regard to the completeness and design sufficiency of both the
Plans and the Work, or with regard to the compliance of the Plans and the Work with all laws, rules and regulations of governmental agencies. 

  
 D-4

 ATTACHMENT 1 
 TO 
 EXHIBIT D 

[attach Space Plan, if available] 

  
 D-5

 Exhibit E 
 Insurance Obligations 
 1.1 Tenant’s Insurance. Tenant will secure and maintain, at
Tenant’s expense: 
 (a) Property. Causes of loss—special form (formerly “all risk”) property
insurance (including extra expense insurance) on all of Tenant’s fixtures and personal property in the Premises, and on any Tenant Alterations which Landlord requires Tenant to insure in accordance with Paragraph 10, all for the full
replacement cost thereof. Tenant will use the proceeds from such insurance for the replacement of trade fixtures and personal property and for the restoration of any such Tenant Alterations as set forth in Paragraph 19 of the Lease. Landlord will be
named as loss payee as respects its interest in any such Tenant Alterations and leasehold improvements. 
 (b) Business
Income. Business income insurance with limits not less than Tenant’s 100% gross revenue for a period of 12 months. 

(c) Workers’ Compensation; Employers Liability. Workers compensation and employers liability insurance. Workers compensation
insurance in statutory limits will be provided for all employees. The employers liability insurance will afford limits not less than $500,000.00 per accident, $500,000.00 per employee for bodily injury by disease, and $500,000.00 policy limit for
bodily injury by disease. 
 (d) Liability. Commercial general liability insurance which insures against claims for bodily
injury, personal injury, advertising injury, and property damage based upon, involving, or arising out of the use, occupancy, or maintenance of the Premises and the Property. Such insurance will afford, at a minimum, the following limits:

  

					
	 Each Occurrence
	  	$	2,000,000.00	  
	 General Aggregate
	  	 	2,000,000.00	  
	 Personal and Advertising Injury Liability
	  	 	1,000,000.00	  
	 Fire Damage Legal Liability
	  	 	50,000.00	  
	 Medical Payments
	  	 	5,000.00	  

 Any general aggregate limit will apply on a per-location basis. 

Such insurance will name Landlord, its trustees and beneficiaries, Landlord’s mortgagees, Landlord’s managing agent,
Landlord’s advisor, and their respective officers, directors, agents and employees, as additional insureds (the “Required Additional Insureds”). 
 This coverage must include blanket contractual liability, broad form property damage liability, and must contain an exception to any pollution exclusion which insures damage or injury arising out of heat,
smoke, or fumes from a hostile fire. Such insurance must be written on an occurrence basis and contain a standard separation of insureds provision. 
 (e) Alterations; Moving. Tenant will provide to Landlord certificates of paid-up commercial general liability insurance in the amount of not less than $1 million and otherwise reasonably
satisfactory to Landlord from (i) Tenant’s contractors before performing any initial leasehold improvements pursuant to any work letter attached to this Lease, and as provided in Paragraph 10.3 of the Lease before performing any Tenant
Alterations; and (ii) Tenant’s mover respecting moving into and moving out of the Premises, before Tenant moves into or out of the Premises. All insurance coverage to be provided by Tenant’s contractors or movers must comply with the
general insurance requirements set forth below. All such insurance must (1) include the Required Additional Insureds as additional insureds; and (2) be considered primary insurance. 

(f) General insurance requirements. The insurance that Tenant is required to carry under this Section 1.1 may be held under a
blanket policy. All policies required to be carried by Tenant and Tenant’s contractors, subcontractors and movers hereunder must be issued by and binding upon an 

  
 E-1

 insurance company licensed to do business in the state in which the property is located with
a rating of at least “A-” “VIII” or better as set forth in the most current issue of Best’s Key Rating Guide, unless otherwise approved by Landlord. Tenant will not do or permit anything to be done that would invalidate the
insurance policies required. 
 Liability insurance maintained by Tenant and Tenant’s contractors and movers will be primary
coverage without right of contribution by any similar insurance that may be maintained by Landlord. Tenant’s liability insurance deductibles may not exceed $0.00, and Tenant’s property insurance deductibles may not exceed $5,000.00.

 Certificates of insurance, acceptable to Landlord, evidencing the existence and amount of each liability insurance policy
required hereunder and Evidence of Property Insurance Form, Acord 27, evidencing property insurance as required will be delivered to Landlord prior to delivery or possession of the Premises and ten days prior to each renewal date. Certificates of
insurance will include an endorsement for each policy showing that the Required Additional Insureds are included as additional insureds on liability policies (except employer’s liability). The Evidence of Property Insurance Form will name
Landlord as loss payee for property insurance as respects Landlord’s interest in improvements and betterments. Further, the certificates must include an endorsement for each policy whereby the insurer agrees not to cancel or non-renew the
policy, or reduce the coverage below the limits required in this Lease, without at least 30 days’ prior notice to Landlord and Landlord’s managing agent. 
 If Tenant fails to provide evidence of insurance required to be provided by Tenant hereunder, prior to commencement of the term and thereafter during the term, within 10 days following Landlord’s
request thereof, and 10 days prior to the expiration date of any such coverage, Landlord will be authorized (but not required) to procure such coverage in the amount stated with all costs thereof to be chargeable to Tenant and payable upon written
invoice thereof. 
 The limits of insurance required by this lease, or as carried by Tenant, will not limit the liability of
Tenant or relieve Tenant of any obligation thereunder, except to the extent provided for under Paragraph 17 (Waiver of Claims; Waiver of Subrogation) of the Lease. Any deductibles selected by Tenant will be the sole responsibility of Tenant.

 Landlord may, at its sole discretion, change the insurance policy limits and forms which are required to be provided by
Tenant; such changes will be made to conform with common insurance requirements for similar properties in similar geographic locations. Landlord will not change required insurance limits or forms more often than once per calendar year. 

1.2 Landlord’s Insurance. Landlord agrees to maintain during the Lease Term “all-risk” insurance on the Building at replacement
cost, excluding foundations and excluding the items which Tenant is required to insure under Section 1.1(a) of this Exhibit. 

  
 E-2

 Exhibit F 
 Parking Rules and Regulations 
 1. Parking areas shall be used only for parking by vehicles no
longer than full size passenger automobiles, SUV’s, minivans, and passenger vans. 
 2. Tenant shall not permit or allow any vehicles that
belong to or are controlled by Tenant or Tenant’s employees, suppliers, shippers, customers, or invitees to be loaded, unloaded, or parked in areas other than those Landlord designated by Landlord or Landlord’s parking operator for such
activities. 
 3. Parking stickers or identification devices shall be the property of Landlord or Landlord’s parking operator and be
returned to Landlord or Landlord’s parking operator by the holder thereof upon termination of the holder’s parking privileges. Tenant will pay such replacement charge as is reasonably established by Landlord or Landlord’s parking
operator for the loss of such devices. 
 4. Landlord or Landlord’s parking operator reserves the right to refuse the sale of monthly
identification devices to any person or entity that willfully refuses to comply with the applicable rules, regulations, laws, and/or agreements. 
 5. Landlord or Landlord’s parking operator reserves the right to relocate all or a part of parking spaces from floor to floor, within one floor, and/or reasonably adjacent offsite location(s), and to
reasonably allocate them between compact and standard size spaces, as long as the same complies with applicable laws, ordinances, and regulations. Landlord or Landlord’s parking operator further reserves the right to reserve specific parking
spaces within the parking areas for the exclusive use of certain tenant(s) in the Building. 
 6. Users of the parking area will obey all posted
signs and park only in the areas designated for vehicle parking. The speed limit within all parking areas shall be five (5) miles per hour. 
 7. Unless otherwise instructed, every person using the parking area is required to park and lock his own vehicle. Landlord or Landlord’s operator will not be responsible for any damage to vehicles,
injury to persons or loss of property, all of which risks are assumed by the party using the parking area. 
 8. Validation, if established,
will be permissible only by such method or methods as Landlord or Landlord’s parking operator may establish at rates generally applicable to visitor parking. 
 9. The maintenance, washing, waxing, or cleaning of vehicles in the parking areas or Property is prohibited. 
 10. Tenant shall be responsible for seeing that all of its employees, agents, and invitees comply with the applicable parking rules, regulations, laws, and agreements. 

11. Landlord or Landlord’s parking operator reserves the right to modify these rules and/or adopt such other reasonable and non-discriminatory rules
and regulations as it may deem necessary for the proper operation of the parking area. 
 12. Such parking use as is herein provided is intended
merely as a license only and no bailment is intended or shall be created hereby. 

  
 F-1

 Exhibit G 
 Prohibited Uses 
 1. As to any portion of the Premises now or hereafter located on a floor of
which Citigroup Global Markets Inc. or its affiliates or their respective successors or assigns now or hereafter leases 25% or more of the rentable space, Tenant is prohibited from using such portion of the Premises for any of the following uses:
securities brokerage or investment banking. 
 2. As to any portion of the Premises located on the first floor of the Building, Tenant is
prohibited from using such portion of the Premises for any of the following uses: securities brokerage or investment banking, or as a national bank. 

  
 G-1

 Exhibit H 
 Form of Guaranty 
 GUARANTY 

THIS GUARANTY OF LEASE (this “Guaranty”), dated for reference purposes as
of                     , 2012, is made by Liquid Holdings Group, LLC, a Delaware limited liability company (“Guarantor”), in favor
of ACC/GP Development LLC, a Florida limited liability company (“Landlord”). 
 A. Landlord and Green Mountain
Analytics, LLC, a Delaware limited liability company (“Tenant”), are entering into a Lease of even date herewith (the “Lease”), for certain premises located at 20807 Biscayne Boulevard, Suite 300, Aventura, Florida
33180, commonly known as “Aventura III Corporate Center”, as more particularly described in the Lease (the “Premises”). Unless the context clearly requires otherwise, capitalized terms that are not otherwise defined herein
shall have the meanings ascribed to them in the Lease. 
 B. Landlord requires as a condition to its execution of the Lease that
the undersigned Guarantor guarantee performance of the obligations of Tenant under the Lease. 
 C. The undersigned desires that
Landlord enter into the Lease with the Tenant. 
 NOW THEREFORE, in consideration for the execution of the Lease by Landlord,
and as a material inducement to Landlord to execute the Lease, Guarantor hereby agrees as follows: 
 1. Guaranty.
Guarantor unconditionally and irrevocably guarantees the prompt payment by Tenant of all rent (including, without limitation, Base Rental and additional rent) under the Lease, and the faithful and prompt performance by Tenant of each and every term,
condition, and covenant of the Lease to be kept and performed by Tenant (collectively, the “Obligations”). 

2. Continuing Guaranty. This Guaranty is a continuing guaranty which shall remain in effect throughout the term of the
Lease, including in the event of any renewal, extension or holding over of the Lease, and shall continue until all of the Obligations on the part of the Tenant to be performed under the Lease have been fully and completely performed by Tenant, and
Guarantor shall not be released of any obligation or liability hereunder so long as there is any claim against Tenant arising out of the Lease that has not been settled or discharged in full. 

3. Independent Obligation; No Notice of Default. This Guaranty is separate, independent of, and in addition to the
Obligations of Tenant pursuant to the Lease. A separate action or actions may be brought against Guarantor, whether or not Tenant is joined in any such action or actions, and independent of any action at law or in equity brought against Tenant. No
notice of default need be given to Guarantor, it being specifically understood that Landlord may proceed forthwith and immediately against Tenant or against Guarantor following any breach or default by Tenant or for the enforcement of any rights
which Landlord may have against Tenant pursuant to or under the terms of the Lease, at law or in equity. 
 4.
Remedies. If Guarantor shall fail to perform or otherwise breach any obligations hereunder, in addition to all other rights and remedies Landlord may have at law or in equity, Landlord may, from time to time and without first requiring
performance on the part of Tenant, and without being required to exhaust or proceed against any or all security held by Landlord, look to and require performance by Guarantor of any obligation on the part of Guarantor to be performed pursuant to the
terms of this Guaranty by action at law or in equity or both. Landlord may also collect from Guarantor in any such action compensation for, and Guarantor hereby indemnifies and holds Landlord harmless from, all loss, cost, damage, injury, and
expense sustained or incurred by Landlord proximately caused by or resulting from Guarantor’s breach of or failure to perform any of its obligations under this Guaranty. All of Landlord’s rights and remedies under the Lease or this
Guaranty are separate and cumulative, and the exercise of any such right or remedy shall not exclude or operate as a waiver of any other right or remedy. 
 5. Waivers. Guarantor hereby expressly waives, to the maximum extent permitted by law, all defenses available to a guarantor or surety, whether the waiver is specifically herein enumerated
or not, including, without limitation, the following: (a) notice of acceptance of this Guaranty; (b) notice of the creation of 

  
 H-1

 
new or additional obligations; (c) demand of payment, notice of nonperformance, notice of dishonor, presentation, protest, and indulgences and notices of any kind whatsoever; (d) all
right to assert or plead any statute of limitations as to or relating to this Guaranty and the Lease (and Guarantor agrees that any act which shall toll any statute of limitations applicable to the Lease shall similarly operate to toll the statute
of limitations applicable to Guarantor’s liability hereunder); (e) any right to require Landlord to proceed against Tenant or any other person or entity liable to Landlord; (f) any right to require Landlord to pursue any other remedy
Landlord may have before proceeding against Guarantor; (g) any right to require Landlord to apply to any default any security deposit or other security it may hold under the Lease; (h) any and all rights of subrogation (if any) which it
may have against Tenant as a result of actions taken or amounts paid in connection with or relating to this Guaranty or to the Lease; (i) any and all right to participate in any security now or hereafter held by Landlord; and (j) the right
to interpose any substantive or procedural defense of the law of guaranty, indemnification or suretyship, except the defenses of prior payment or prior performance by Tenant (of the obligations which Guarantor is called upon to pay or perform under
this Guaranty), including, without limitation, any defense that may arise by the reason of (1) the lack of authority or other defense of Tenant, (2) the revocation or repudiation of this Guaranty by Guarantor, (3) failure of Landlord
to file or enforce a claim against the estate (either in administration, bankruptcy or any other proceeding) of Tenant or any other person, (4) Landlord’s election, in any proceeding instituted under the federal Bankruptcy Code of the
application of the Section 1111(b)(2) of the federal Bankruptcy Code, (5) any borrowing or granting of a security interest under Section 364 of the federal Bankruptcy Code, (6) Landlord’s election of any remedy against
Guarantor or Tenant or both, (7) Landlord’s taking, modification, or release of any collateral or guaranties, or any failure to perfect any security interest in, or the taking of or failure to perfect any other action with respect to any
collateral securing performance of Tenant’s Obligations under the Lease, (8) any defense based on a termination of the Lease following a foreclosure of Landlord’s interest in the Premises, or (9) any offset by Guarantor against
any obligation now or hereafter owed to Guarantor by Tenant, it being the intention of this Guaranty that Guarantor remain liable to the full extent set forth in this Guaranty until the full performance by Tenant of each and every term, condition
and covenant of the Lease to be kept and performed by Tenant, notwithstanding any act, omission or thing which might otherwise operate as a legal or equitable discharge of Tenant. 

6. Subordination. Guarantor hereby subordinates all existing and future indebtedness of Tenant to Guarantor to the
obligations owed to Landlord under the Lease and this Guaranty. If a default by Tenant shall occur under the Lease, then all indebtedness of Tenant to Guarantor, if Landlord so requests, shall be collected, enforced, and received by Guarantor as
trustee for Landlord and shall be paid over to Landlord on account of the Lease, until such default is cured. However, except to the extent such payments reduce Tenant’s Obligations to Landlord, such payments shall not reduce or affect the
liability of Guarantor under the other provisions of this Guaranty. Notwithstanding anything to the contrary in this Section 6, so long as no default by Tenant exists under the Lease, any indebtedness of Tenant to Guarantor incurred in the
ordinary course of business may be repaid in accordance with the terms of such indebtedness. 
 7. Alteration or
Assignment of Lease. The liability of Guarantor under this Guaranty shall not be diminished by reason of any assignment, subletting, amendment, modification, extension or renewal of the Lease, or by the transfer of any ownership interest in
Tenant, or by reason of any course of conduct between Landlord and Tenant, whether or not notice thereof is given to Guarantor, and whether or not Guarantor agreed or consented thereto, and this Guaranty shall thereupon and thereafter guarantee the
performance of Tenant under the Lease as so assigned, amended, modified, extended or renewed; provided, however, that if Landlord and Tenant enter into an amendment to the Lease, without the consent of Guarantor, and such amendment increases the
obligations of Tenant under the Lease (such as, without limitation, extending the Lease Term, increase the rental obligations, or expanding the area of the Premises), Guarantor will not be discharged of its obligations under this Guaranty, but
Guarantor’s liability will not include adverse effects on Tenant’s obligations set forth in such amendment and such liability will not extend to the additional obligations of Tenant set forth in such amendment. The Lease may be assigned by
Landlord or any assignee of Landlord without notice to or the consent of Guarantor. 
 8. Bankruptcy. 

8.1 Without limiting Guarantor’s obligations elsewhere under this Guaranty, if Tenant, or Tenant’s trustee, receiver or other
officer with similar powers with respect to Tenant, rejects, disaffirms or otherwise terminates the Lease pursuant to any bankruptcy, insolvency, reorganization, moratorium or any other law affecting creditors’ rights generally, then, at
Landlord’s option in its sole and absolute discretion, Guarantor shall automatically be deemed to have assumed, from and after the date such rejection, disaffirmance or other 

  
 H-2

 
termination of the Lease is deemed effective, all Obligations of Tenant under the Lease to the same extent as if Guarantor had been originally named instead of Tenant as a party to the Lease and
the Lease had never been so rejected, disaffirmed or otherwise terminated and shall be entitled to all benefits of Tenant under the Lease. Guarantor, upon such assumption, shall be obligated to perform and observe all of the Obligations whether
theretofore accrued or thereafter accruing, and Guarantor shall be subject to any rights or remedies of Landlord which may have theretofore accrued or which may thereafter accrue against Tenant on account of any default under the Lease,
notwithstanding that such defaults existed prior to the date Guarantor was deemed to have automatically assumed the Lease or that such rights or remedies are unenforceable against Tenant by reason of such rejection, disaffirmance or other
termination, provided that Guarantor shall have a reasonable time after such assumption to cure non-monetary defaults existing as of the date of such assumption. Guarantor shall confirm such assumption at the request of Landlord upon or after such
rejection, disaffirmance or other termination, but the failure to do so shall not affect such assumption. Guarantor, upon the assumption of the Lease, shall have all of the rights of Tenant under the Lease (to the extent permitted by law). Neither
Guarantor’s obligation to make payment in accordance with this Guaranty nor any remedy for the enforcement thereof shall be impaired, modified, changed, stayed, released or limited in any manner by any impairment, modification, change, release,
limitation, cap on damages or stay of the liability of Tenant or its estate in bankruptcy or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of the Bankruptcy Code of the United States or other
statute or from the decision of any court interpreting any of the same, and Guarantor shall be obligated under this Guaranty as if no such impairment, stay, modification, change, release, limitation or cap on damages had occurred. 

8.2 If Landlord shall be obligated by reason of any bankruptcy, insolvency or other similar legal proceeding to pay or repay to Tenant or
to Guarantor or to any trustee, receiver or other representative of either of them, any amounts previously paid by Tenant or Guarantor pursuant to the Lease or this Guaranty, Guarantor shall reimburse Landlord for any such payment or repayment and
this Guaranty shall extend to the extent of such payment or repayment made by Landlord, except to the extent, if any, that such payment or repayment is prohibited by law or that such payment or repayment constitutes merely a reimbursement of any
overpayment. Landlord shall not be required to litigate or otherwise dispute its obligation or make such payment or repayment if in good faith and on written advice of counsel reasonably acceptable to Guarantor Landlord believes that such obligation
exists. 
 9. Guarantor’s Investigation of Tenant’s Financial Condition. Guarantor has made an
independent investigation of the financial condition of Tenant and the ability of Tenant to perform the Obligations prior to making this Guaranty, and Guarantor hereby waives any defense that Guarantor may have by reason of Landlord’s failure
to provide Guarantor with any information respecting the financial condition of Tenant or Tenant’s ability to perform any of the Obligations; it being understood that Guarantor is fully responsible for being and keeping informed of the
financial condition of Tenant and of all circumstances bearing on the risk of nonperformance of any Obligations hereby guaranteed. 
 10. Estoppel; Financial Information. Guarantor agrees to execute and deliver to Landlord, from time to time, upon ten (10) days’ notice from Landlord, a certificate addressed to
Landlord, any mortgagee or prospective mortgagee, or any prospective purchaser, certifying (a) that this Guaranty of Lease is unmodified and in full force and effect and (b) to such other matters as Landlord may reasonably request. In
addition, within ten (10) days after request, Guarantor agrees to provide to Landlord and any prospective purchaser or mortgagee of the building in which the Premises are located, copies of Guarantor’s current financial statements or other
financial information reasonably requested by Landlord, certified as true and correct, by an authorized officer of Guarantor. 

11. Representations and Warranties. Guarantor represents and warrants to Landlord that as of the date hereof: 

11.1 The execution, delivery and performance by Guarantor of this Guaranty will not violate any provision of law, any order of any court
or agency of government, or any indenture, agreement or any other instrument to which Guarantor is a party or by which Guarantor or its property is bound, or be in conflict with, result in a breach of or constitute (with due notice and/or lapse of
time) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any of its property or assets. 

  
 H-3

 11.2 The financial statements of Guarantor furnished to Landlord in connection with this
Guaranty (a) are true and correct in all material respects, (b) have been prepared in accordance with generally accepted accounting principles consistently applied, and (c) present fairly the financial condition of Guarantor as of the
respective dates thereof, and that no material adverse change has occurred in the financial condition of Guarantor since such dates. 
 11.3 Guarantor has no knowledge of any material fact concerning Tenant or its financial condition which has not been disclosed to Landlord and might adversely affect Landlord’s decision to enter into
the Lease. 
 11.4 This Guaranty constitutes the legal, valid and binding obligation of Guarantor, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization and other laws affecting creditors’ rights generally, to moratorium laws from time to time in effect and to general principles of equity (regardless of whether
enforceability is considered in a proceeding in equity or at law); and 
 11.5 No action, suit or proceeding is pending or, to
the best of Guarantor’s knowledge, threatened against Guarantor that would materially affect Guarantor’s ability to fully perform its obligations under this Guaranty. 

11.6 Guarantor is not, and at no time during the Lease Term will be, (a) in violation of any Anti-Terrorism Law (defined below);
(b) conducting any business or engaging in any transaction or dealing with any Prohibited Person (defined below), including the making or receiving of any contribution of funds, goods or services to or for the benefit of any Prohibited Person;
(c) dealing in, or otherwise engaging in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224 (defined below); or (d) engaging in or conspiring to engage in any transaction that
evades or avoids, or has the purpose of evading or avoiding, or attempts to violate any of the prohibitions set forth in, any Anti-Terrorism Law. Neither Guarantor nor any Guarantor Affiliates (as defined below), officers, directors, shareholders,
partners or members is, or at any time during the Lease Term will be, a Prohibited Person. As used herein, “Anti-Terrorism Law” means any Law relating to terrorism, anti-terrorism, money-laundering or anti-money laundering
activities, including the United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986, Executive Order No. 13224, and Title 3 of the USA PATRIOT Act (defined below), and any regulations promulgated under any of them,
each as may be amended from time to time. As used herein, “Executive Order No. 13224” means Executive Order No. 13224 on Terrorist Financing effective September 24, 2001, and relating to “Blocking Property and
Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism,” as may be amended from time to time. As used herein, “Prohibited Person” means (1) a person or entity that is listed in, or owned
or controlled by a person or entity that is listed in, the Annex to Executive Order No. 13224; (2) a person or entity with whom Landlord is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; or
(3) a person or entity that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control at its official website,
http://www.treas.gov/ofac/t11sdn.pdf, or at any replacement website or other official publication of such list. As used herein, “USA PATRIOT Act” means the “Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001” (Public Law 107-56). As used herein, “Guarantor Affiliate” means a person or entity that controls, is under common control with, or is controlled by Guarantor.

 12. Notices. Any notice, information, demand, request, reply, or other communication required or permitted to
be given under the provisions of this Guaranty or under the laws of the State of Florida shall be in writing and shall be deemed to have been fully given when deposited in the United States mail, certified or registered, postage prepaid and
addressed to Guarantor at the address stated below or to such other address as Guarantor may designate in a notice to Landlord given in the manner set forth herein. 
 13. Attorney’s Fees and Costs. Guarantor shall pay to Landlord any and all costs, fees and expenses (including, without limitation, reasonable attorneys’ fees and all out-of-pocket
costs and expenses incurred by Landlord, including, without limitation, all court costs and other reasonable litigation expenses, such as expert witness fees, document copying expenses, exhibit preparation costs, courier expenses, postage and
communication expenses) incurred by Landlord in enforcing any rights or remedies under this Guaranty. Landlord shall also be entitled to its attorneys’ fees and costs incurred in any post-judgment proceedings to collect the judgment. This
provision is separate and several and shall survive the merger of this Guaranty into any judgment on this Guaranty. In addition, if Landlord utilizes the services of an attorney for the purpose of

  
 H-4

 
enforcing this Guaranty, Guarantor agrees to pay Landlord actual attorneys’ fees for such services, regardless of the fact that no legal action may be commenced or filed by Landlord.
Guarantor also shall pay all attorneys’ fees and other fees and costs, including but not limited to, investigative costs and expert witness and consultant fees and costs, that Landlord incurs in enforcing, defending, or interpreting this
Guaranty, or otherwise protecting Landlord’s rights under this Guaranty, in any voluntary or involuntary bankruptcy case, assignment for the benefit of creditors, or other insolvency, liquidation, or reorganization proceeding involving Tenant,
Guarantor, the Lease or this Guaranty, including, but not limited to, all motions and proceedings related to relief from the automatic stay, lease assumption or rejection and/or extensions of time related thereto, lease designation, use of cash
collateral, claim objections, and disclosure statements and plans of reorganization. 
 14. WAIVER OF TRIAL BY JURY;
JUDICIAL REFERENCE. 
 14.1 WAIVER OF TRIAL BY JURY. THE PARTIES HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAWS, THE RIGHT TO TRIAL BY JURY IN ANY LITIGATION ARISING OUT OF OR RELATING TO THIS GUARANTY, THE RELATIONSHIP OF LANDLORD, TENANT OR GUARANTOR, TENANT’S USE OR OCCUPANCY OF THE PREMISES, AND/OR ANY CLAIM FOR INJURY OR DAMAGE OR
ANY EMERGENCY OR STATUTORY REMEDY. 
 14.2 Counterclaims. If Landlord commences any summary proceedings or action against
Tenant or Guarantor or both for nonpayment of rent, Guarantor shall not interpose any counterclaim of any nature or description (unless such counterclaim shall be mandatory) in any such proceeding or action, but shall be relegated to an independent
action at law. 
 15. Joint and Several Obligations. When there is more than one Tenant named herein, or when this
Guaranty is executed by more than one Guarantor, the words “Tenant” and “Guarantor” respectively shall mean all and any one or more of them. If there is more than one Guarantor, the obligations imposed upon
Guarantor under this Guaranty shall be joint and several, and the release or limitation of liability of any one or more of such Guarantors shall not release or limit the liability of any other of such Guarantors. A separate action may be brought or
prosecuted against any Guarantor, whether or not any action is also brought against any other Guarantor or Tenant, or all of them, or whether any other Guarantor or Tenant, or all of them, are joined in such action. 

16. Miscellaneous. 
 16.1 This Guaranty shall be governed by and construed in accordance with the laws of the State of Florida and, in a case involving diversity of citizenship, shall be litigated in and subject to the
jurisdiction of the Courts of the State of Florida. Guarantor (a) hereby irrevocably and unconditionally submits to the exclusive jurisdiction of the state and federal courts located in the County of Miami-Dade, State of Florida for the
purposes of any suit, action or other proceeding arising out of or related to this Guaranty or the Lease, or the subject matter hereof or thereof, and (b) to the extent permitted by applicable law, hereby waives, and agrees not to assert, by
way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of the above-named courts, that its property is exempt or immune from execution, that the suit, action
or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper, or that the Guaranty or the Lease or the subject matter thereof may not be enforced in or by such courts. Final judgment against
Guarantor in any suit shall be conclusive, and may be enforced in other jurisdictions by suit on the judgment, a certified or true copy of which shall be conclusive evidence of the fact and of the amount of any indebtedness or liability of the
Guarantor therein described. 
 16.2 Guarantor warrants and agrees that each of the waivers set forth in this Guaranty is made
with the Guarantor’s full knowledge of its significance and consequences and that under the circumstances the waivers are reasonable. If any said waivers are determined to be contrary to any application of law or public policy, such waivers
shall be effective only to the extent permitted by law. 
 16.3 Any sum required to be paid by Guarantor hereunder shall bear
interest from the date due until paid at the rate of 18% per annum (or the highest rate of interest permitted under Florida law, whichever is lower) from the due date until paid (the “Interest Rate”). The payment of such
interest shall not excuse or cure any default or modify any obligation of Guarantor under this Guaranty. 

  
 H-5

 16.4 No amendment or waiver of any provision of this Guaranty nor consent to any departure
by the Guarantor therefrom shall in any event be effective unless the same shall be in writing and signed by the party sought to be charged, and then such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given. No notice to or demand on the Guarantor shall in any case entitle it to any other or further notice or demand in similar or other circumstances. 
 16.5 No failure on the part of Landlord to exercise and no delay in exercising any right or remedy hereunder shall operate as a waiver thereof; nor shall Landlord be estopped to exercise any such right or
remedy at any future time because of any such failure or delay; nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right or remedy. 

16.6 As provided in Section 2 above, this Guaranty is a continuing guaranty and a guaranty of both payment and performance, and
shall (a) remain in full force and effect until payment and satisfaction in full of the Obligations and all other amounts payable under this Guaranty, (c) be binding upon Guarantor, and (c) inure to the benefit of and be enforceable
by Landlord and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), Landlord may assign or otherwise transfer the Lease to any other person or entity and such other person or entity shall thereupon
become vested with all the rights in respect thereof granted to Landlord herein or otherwise. 
 16.7 This Guaranty is intended
as a final statement of this agreement of guaranty and is intended also as a complete and exclusive statement of the terms of this agreement. No course of prior dealings between Guarantor and Landlord, no usage of the trade, and no parol or
extrinsic evidence of any nature, shall be used or be relevant to supplement, explain, contradict or modify the terms and/or provisions of this Guaranty. 
 16.8 This Guaranty shall be binding upon Guarantor and its heirs, successors and assigns, and shall inure to the benefit of and may be enforced by the successors and assigns of Landlord or by any party to
whom Landlord’s interest in the Lease or any part thereof, including the rents, may be assigned whether by way of mortgage or otherwise. Wherever in this Guaranty reference is made to either Landlord or Tenant, the same shall be deemed to refer
also to the then successor or assign of Landlord or Tenant. 
 16.9 The section headings in this Guaranty are for convenience
only and are not to be considered part of the substance of the provisions hereof. The use of the singular herein shall include the plural. 
 16.10 If any provision of this Agreement shall be held to be unenforceable or invalid for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to
the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the fullest extent. 
 IN WITNESS WHEREOF, the undersigned has caused this Guaranty to be executed as of the date of execution of the Lease. 
  

					
	 GUARANTOR:
  

LIQUID HOLDINGS GROUP, LLC

		
	By:	  	                           
                                     
	Name:	  	                           
                                     
	Title:	  	                           
                                     
	
	Guarantor’s Address for Notices:            Liquid Holdings Group, 
LLC
		  	                            
                          800 Third Avenue
		  	                            
                          New York, NY 10022

  
 H-6

 Exhibit I 

 

  
 I-1Lease between Liquid Holdings Group, LLC and 800 Third Avenue Associates, LLC

 Exhibit 10.9 
 STANDARD OFFICE LEASE 
 Agreement of Lease, made of this 1 day of May,
in the year 2012, between 
 Joseph P. Day Realty Corp., as agent for 800 Third Avenue Associates, LLC, 9 East 40th Street, New York, New York 10016 

Party of the first part, hereinafter referred to as OWNER, and 
 Liquid Holdings Group, LLC having an office at 800 Third Avenue NY, NY 
 Party of the
second part, hereinafter referred to as TENANT, 
 Witnesseth: Owner hereby leases to Tenant and Tenant hereby hires from Owner

 Portion of the 39th Floor as identified on Exhibit A attached hereto, 
 in the building known as 800 Third Avenue 
 in the Borough of Manhattan, City
of New York, for a term of approximately 6 years, 5 months (or until such term shall sooner cease and expire as hereinafter provided) to commence on May 1, 2012 (the “Commencement Date”) and to end on September 30, 2018;
Tenant will pay annual rental at the rate set forth in the attached rent schedule; subject to increases for electricity and adjustments as provided in rider of even date herewith, 
 which rental Tenant agrees to pay in lawful money of the United States, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment, in equal monthly
installments in advance on the first day of each month during said term, at the office of Owner or such other place as Owner may designate, without any setoff or deduction whatsoever, except that Tenant shall pay the first monthly installment on the
execution hereof (unless this lease be a renewal). Rent for any month partially within the term set forth above shall be prorated on a per diem basis. 
 In the event that, at the commencement of the term of this lease, or thereafter, Tenant shall be in default in the Payment of rent to Owner pursuant to the terms of another lease with Owner or with
Owner’s predecessor in interest, Owner may at Owner’s option and without notice to Tenant add the amount of such arrears to any monthly installment of rent payable hereunder and the same shall be payable to Owner as additional rent.

 The parties hereto, for themselves, their heirs, distributees, executors, administrators, legal representatives, successors
and assigns, hereby covenant as follows: 
 Rent: 1. Tenant shall pay the rent as above and as hereinafter provided. 

Occupancy: 2. Tenant shall use and occupy the demised premises for general and executive offices and other uses incidental to executive office use
and for no other purpose. 

 

 Tenant Alterations: 3. Tenant shall make no changes in or to the demised premises of any nature
without Owner’s prior written consent, subject to the following sentence. Subject to the prior written consent of Owner (which consent shall not be unreasonably withheld or conditioned and shall be deemed granted unless Owner notifies Tenant
that Owner is withholding consent to changes for which Tenant has requested consent and describes in reasonable detail its reason(s) for doing so in a notice given within ten (10) business days after Tenant’s request for same), and to the
provisions of this article, Tenant, at Tenant’s expense, may make alterations, installations, additions or improvements which are non- structural and which do not materially and adversely affect utility services or plumbing and electrical
lines, in or to the interior of the demised premises, by using contractors or mechanics first approved in each instance by Owner which approval shall not be unreasonably withheld, conditioned or delayed except Tenant shall use the electric
contractor designated by Owner provided such electric contractor charges fair market rates for Local 3, A rated union electricians doing business in comparable buildings in Midtown Manhattan and Owner hereby approves Inner City Electrical
Contractors. Tenant shall before making any alterations, additions, installations or improvements, at its expense, obtain all permits, approvals and certificates required by any governmental or quasi-governmental bodies and (upon completion)
certificates of final approval thereof, and shall deliver promptly duplicates of all such permits, approvals and certificates to Owner (and Owner shall cooperate without cost to Owner in obtaining the same), and Tenant agrees to carry, and will
cause Tenant’s contractors and sub-contractors to carry, such worker’s compensation, commercial general liability, personal and property damage insurance as Owner may reasonably require. If any mechanic’s lien is filed against the
demised premises, or the building of which the same forms a part, for work claimed to have been done for, or materials furnished to, Tenant, whether or not done pursuant to this article, the same shall be discharged by Tenant within thirty days
after Tenant receives notice of same at Tenant’s expense, by payment or filing a bond as permitted by law. All fixtures and all paneling, partitions, railings and like installations, installed in the demised premises at any time, either by
Tenant or by Owner on Tenant’s behalf, shall, upon installation, become the property of Owner and shall remain upon and be surrendered with the demised premises. If Tenant requests in writing that Owner do so, Owner will state at the time Owner
consents to such installations whether Owner

 
elects to have such installations removed by Tenant. If Tenant has not so requested, Owner by notice to Tenant no later than 20 days prior to the date fixed as the termination of this Lease, may
elect to relinquish Owner’s right to said installations and to have them removed by Tenant. If Owner requires the installations to be removed by Tenant, the same shall be removed from the demised premises by Tenant prior to the expiration of
the lease, at Tenant’s expense. Notwithstanding anything to the contrary contained herein, in no event shall Owner have the right to require Tenant to remove (a) the present installation or (b) an installation that is a typical office
installation, alteration, addition or improvement. Nothing in this article shall be construed to give Owner title to, or to prevent Tenant’s removal of, trade fixtures, moveable office furniture and equipment, but upon removal of same from the
demised premises or upon removal, of other installations as may be required by Owner, Tenant shall immediately, and at its expense, repair and restore the demised premises to the condition existing prior to any such installations, and repair any
damage to the demised premises or the building due to such removal. All property permitted or required to be removed by Tenant at the end of the term remaining in the demised premises after Tenant’s removal shall be deemed abandoned and may, at
the election of Owner, either be retained as Owner’s property or may be removed from the demised premises by Owner, at Tenant’s expense. 
 Maintenance and Repairs: 4. Tenant shall, throughout the term of this lease, take good care of the demised premises and the fixtures and appurtenances therein. Tenant shall be responsible for all
damage or injury to the demised premises or any other part of the building and the systems and equipment thereof, whether requiring structural or nonstructural repairs caused by, or resulting from, carelessness, omission, neglect or improper conduct
of Tenant, Tenant’s subtenants, agents, employees, invitees or licensees, or which arise out of any work, labor, service or equipment done for, or supplied to, Tenant or any subtenant, or arising out of the installation, use or operation of the
property or equipment of Tenant or any subtenant. Tenant shall also repair all damage to the building and the demised premises caused by the moving of Tenant’s fixtures, furniture and equipment. Tenant shall promptly make, at Tenant’s
expense, all repairs in and to the demised premises for which Tenant is responsible, using only the contractor for the trade or trades in question,

 

 
selected from a list of at least two contractors per trade submitted by Owner. Any other repairs in or to the building or the facilities and systems thereof, for which Tenant is responsible,
shall be performed by Owner at the Tenant’s expense. Owner shall maintain in good working order and repair the exterior and the structural portions of the building, including the structural portions of the demised premises, and the public
portions of the building interior and the building plumbing, electrical, heating and ventilating and other systems (to the extent such systems presently exist) serving the demised premises. Tenant agrees to give prompt notice of any defective
condition in the demised premises for which Owner may be responsible hereunder. There shall be no allowance to Tenant for diminution of rental value and no liability on the part of Owner by reason of inconvenience, annoyance or injury to business
arising from Owner or others making repairs, alterations, additions or improvements in or to any portion of the building or the demised premises, or in and to the fixtures, appurtenances or equipment thereof. Owner agrees to make reasonable efforts
to minimize interference with the permitted use. Owner will endeavor to give Tenant reasonable advance notice (which may be oral) of such repairs, alterations, additions or improvements. It is specifically agreed that Tenant shall not be entitled to
any setoff or reduction of rent by reason of any failure of Owner to comply with the covenants of this or any other article of this lease. Tenant agrees that Tenant’s sole remedy at law in such instance will be a separate plenary action for
damages for breach of contract. The provisions of this Article 4 shall not apply in the case of fire or other casualty, which are dealt with in Article 9 hereof. 
 Window Cleaning: 5. Tenant will not clean nor require, permit, suffer or allow any window in the demised premises to be cleaned from the outside in violation of Section 202 of the Labor Law or
any other applicable law, or of the Rules of the Board of Standards and Appeals, or of any other Board or body having or asserting jurisdiction. 
 Requirements of Law, Fire Insurance, Floor Loads: 6. Prior to the commencement of the lease term, if Tenant is then in possession, and at all times thereafter, Tenant, at Tenant’s sole cost
and expense, shall promptly comply with all present and future laws, orders and regulations of all state, federal, municipal and local governments, departments, commissions and boards and any direction of any public officer pursuant to law, and all
orders, rules and regulations of the New York Board of Fire Underwriters, Insurance Services Office, or any similar body which shall impose any violation, order or duty upon Owner or Tenant with respect to the demised premises, whether or not
arising out of Tenant’s use or manner of use thereof, (including Tenant’s permitted use) or with respect to the building if arising out of Tenant’s use or manner of use of the demised premises or the building (including the use
permitted under the lease). Nothing herein shall require Tenant to make structural repairs or alterations or repairs or alterations to the systems not exclusively servicing the Demised Premises unless Tenant has, by its manner of use of the demised
premises or method of operation therein, violated any such laws, ordinances, orders, rules, regulations or requirements with respect thereto. Tenant may, after securing Owner to Owner’s reasonable satisfaction against all damages, interest,
penalties and expenses, including, but not limited to, reasonable attorneys’ fees, by cash deposit or by surety bond in an amount and in a company reasonably satisfactory to Owner, contest and appeal any such laws, ordinances, orders, rules,
regulations or requirements provided same is done with all reasonable promptness and provided such appeal shall not subject Owner to prosecution for a criminal offense, or constitute a default under any lease or mortgage under which Owner may be
obligated, or cause the demised premises or any part thereof to be condemned or vacated. Tenant shall not do or permit any act or thing to be done in or to the demised premises which is contrary to law, or which will invalidate or be in conflict
with public liability, fire or other policies of insurance at any time carried by or for the benefit of Owner with respect to the demised premises or the building of which the demised premises form a part, or which shall or might subject Owner to
any liability or responsibility to any person, or for property damage. Tenant shall not keep anything in the demised premises, except as now or hereafter permitted by the Fire Department, Board of Fire Underwriters, Fire Insurance Rating
Organization or other authority having jurisdiction, and then only in such manner and such quantity so as not to increase the rate for fire insurance applicable to the building, nor use the demised premises in a manner which will increase the
insurance rate for the building or any property located therein over that in effect prior to the commencement of Tenant’s occupancy. Tenant shall pay all costs, expenses, fines, penalties, or damages, which may be imposed upon Owner by reason
of Tenant’s failure to comply with the provisions of this article, and if by reason of such failure the fire insurance rate shall, at the beginning of this lease or at any time thereafter, be higher than it otherwise would be, then, Tenant
shall reimburse Owner, as additional rent hereunder, for that portion of all fire insurance premiums thereafter paid by Owner which shall have been charged because of such failure by Tenant. In any action or proceeding wherein Owner and Tenant are
parties, a schedule or “make-up” of rate for the building or the demised premises issued by the New York Fire Insurance Exchange, or other body making fire insurance rates applicable to said premises shall be conclusive evidence of the
facts therein stated and of the several items

 
and charges in the fire insurance rates then applicable to said premises. Tenant shall not place load upon any floor of the demised premises exceeding the floor load per square foot area which it
was designed to carry and which is allowed by law. Owner reserves the right to reasonably prescribe the weight and position of all safes, business machines and mechanical equipment. Such installations shall be placed and maintained by Tenant, at
Tenant’s expense, in settings sufficient, in Owner’s reasonable judgment to absorb and prevent vibration, noise and annoyance. 

Subordination: 7. This lease is subject and subordinate to all ground or underlying leases and to all mortgages which may now or hereafter affect
such leases or the real property of which the demised premises are a part, and to all renewals, modifications, consolidations, replacements and extensions of any such underlying lease, and mortgages. This clause shall be self-operative and no
further instrument of subordination shall be required by any ground or underlying lessor or by any mortgagee, affecting any lease or the real property of which the demised premises are a part. In confirmation of such subordination, Tenant shall from
time to time execute promptly any certificate that Owner may commercially reasonably request. 
 Property Loss, Damage Reimbursement
Indemnity: 8. Owner or its agents shall not be liable for any damage to property of Tenant or of others entrusted to employees of the building nor for loss of or damage to any property of Tenant by theft or otherwise, nor for any injury or
damage to persons or property resulting from any cause of whatsoever nature, unless caused by, or due to, the negligence or willful misconduct of Owner, its agents, servants or employees. Owner or its agents will not be liable for any such damage
caused by other tenants or persons in, upon or about said building, or caused by operations in construction of any private, public or quasi public work. If at any time any windows of the demised premises are temporarily closed, darkened or bricked
up (or permanently closed, darkened or bricked up, if required by law) for any reason whatsoever including, but not limited to, Owner’s own acts, Owner shall not be liable for any damage Tenant may sustain thereby, and Tenant shall not be
entitled to any compensation therefore, nor abatement or diminution of rent, nor shall the same release Tenant from its obligations hereunder, nor constitute an eviction. Tenant shall indemnify and save harmless Owner against and from all
liabilities, obligations, damages, penalties, claims, costs and expenses for which Owner shall not be reimbursed by insurance, including reasonable attorney’s fees, paid suffered or incurred as a result of any breach by Tenant, Tenant’s
agents, contractors, employees, invitees, or licensees, of any covenant or condition of this lease, or the carelessness, negligence or improper conduct of the Tenant, Tenant’s agents, contractors, employees, invitees or licensees. Tenant’s
liability under this lease extends to the acts and omissions of any subtenant, and any agent, contractor, employee, invitee or licensee of any subtenant caused by, or due to breach of this Lease or negligence or willful misconduct. In case any
action or proceeding is brought against Owner by reason of any such claim, Tenant, upon written notice from Owner, will, at Tenant’s expense, resist or defend such action or proceeding by counsel approved by Owner in writing, such approval not
to be unreasonably withheld (and shall be deemed granted with respect to counsel appointed by Tenant’s insurer). Owner shall indemnify and save harmless Tenant against and from all liabilities, obligations, damages, penalties, claims, costs and
expenses for which Tenant shall not be reimbursed by insurance, including reasonable attorney’s fees, paid suffered or incurred to the extent caused by the negligence or willful misconduct of the Owner, Owner’s agents, contractors,
employees, invitees or licensees. In case any action or proceeding is brought against Tenant by reason of any such claim, Owner, upon written notice from Tenant, will, at Owner’s expense, resist or defend such action or proceeding by counsel
approved by Tenant in writing, such approval not to be unreasonably withheld and shall be deemed granted as to counsel appointed by Owner’s insurer. 
 Destruction, Fire and Other Casualty: 9. (a) If the demised premises or any part thereof shall be damaged by fire or other casualty, Tenant shall give immediate notice thereof to Owner, and
this lease shall continue in full force and effect except as hereinafter set forth. (b) If the demised premises are partially damaged or rendered partially unusable by fire or other casualty, the damages thereto shall be repaired by, and at the
expense of Owner, and the rent and other items of additional rent, until such repair shall be substantially completed, shall be apportioned from the day following the casualty, according to the part of the demised premises which is usable.
(c) If the demised premises are totally damaged or rendered wholly unusable by fire or other casualty, then the rent and other items of additional rent, as hereinafter expressly provided, shall be proportionately paid up to the time of the
casualty, and henceforth shall cease until the date when the demised premises shall have been repaired and restored by Owner (or if sooner reoccupied in part by Tenant then rent shall be apportioned as provided in subsection (b) above), subject
to Owner’s right to elect not to restore the same as hereinafter provided. (d) If the demised premises are rendered wholly unusable or (whether or not the demised premises are damaged in whole or in part) if the building shall be so
damaged that Owner shall decide to demolish it or to rebuild 

 

 
it, then, in any of such events, Owner may elect to terminate this lease by written notice to Tenant, given within ninety (90) days after such fire or casualty, or thirty (30) days
after adjustment of the insurance claim for such fire or casualty, whichever is sooner, specifying a date for the expiration of the lease, which date shall not be more than sixty (60) days after the giving of such notice, and upon the date
specified in such notice the term of this lease shall expire as fully and completely as if such date were the date set forth above for the termination of this lease, and Tenant shall forthwith quit, surrender and vacate the demised premises without
prejudice however, to Owner’s rights and remedies against Tenant under the lease provisions in effect prior to such termination, and any rent owing shall be paid up to such date, and any payments of rent made by Tenant which were on account of
any period subsequent to such date shall be returned to Tenant. Unless Owner shall serve a termination notice as provided for herein, Owner shall make the repairs and restorations under the conditions of (b) and (c) hereof, with all
reasonable expedition, subject to delays due to adjustment of insurance claims, labor troubles and causes beyond Owner’s control. After any such casualty, Tenant shall cooperate with Owner’s restoration by removing from the demised
premises as promptly as reasonably possible, all of Tenant’s salvageable inventory and movable equipment, furniture, and other property. Tenant’s liability for rent shall resume five (5) days after written notice from Owner that the
demised premises are substantially ready for Tenant’s occupancy provided that such notice is accurate. (e) Nothing contained hereinabove shall relieve Tenant from liability that may exist as a result of damage from fire or other casualty.
Notwithstanding anything contained to the contrary in subdivisions (a) through (e) hereof, including Owner’s obligation to restore under subparagraph (b) above, each party shall look first to any insurance in its favor before
making any claim against the other party for recovery for loss or damage resulting from fire or other casualty, and to the extent that such insurance is in force and collectible, and to the extent permitted by law, Owner and Tenant each hereby
releases and waives all right of recovery with respect to subparagraphs (b), (d), and (e) above, against the other or any one claiming through or under each of them by way of subrogation or otherwise. The release and waiver herein referred to
shall be deemed to include any loss or damage to the demised premises and/or to any personal property, equipment, trade fixtures, goods and merchandise located therein. The foregoing release and waiver shall be in force only if both releasors’
insurance policies contain a clause providing that such a release or waiver shall not invalidate the insurance. If, and to the extent, that such waiver can be obtained only by the payment of additional premiums, then the party benefiting from the
waiver shall pay such premium within ten days after written demand or shall be deemed to have agreed that the party obtaining insurance coverage shall be free of any further obligation under the provisions hereof with respect to waiver of
subrogation. Tenant acknowledges that Owner will not carry insurance on Tenant’s furniture and/or furnishings or any fixtures or equipment, improvements, or appurtenances removable by Tenant, and agrees that Owner will not be obligated to
repair any damage thereto or replace the same. (f) Tenant hereby waives the provisions of Section 227 of the Real Property Law and agrees that the provisions of this article shall govern and control in lieu thereof. 

Eminent Domain: 10. If the whole or any part of the demised premises shall be acquired or condemned by Eminent Domain for any public or quasi
public use or purpose, then, and in that event, the term of this lease shall cease and terminate from the date of title vesting in such proceeding, and Tenant shall have no claim for the value of any unexpired term of said lease, and assigns to
Owner, Tenant’s entire interest in any such award. Tenant shall have the right to make an independent claim to the condemning authority for the value of Tenant’s moving expenses and personal property, trade fixtures and equipment, provided
Tenant is entitled pursuant to the terms of the lease to remove such property, trade fixtures and equipment at the end of the term, and provided further such claim does not reduce Owner’s award. 

Assignment, Mortgage, Etc. 11. Tenant, for itself, its heirs, distributees, executors, administrators, legal representative, successors and
assigns, expressly covenants, that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of Owner in each
instance. Transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership or other legal entity which is Tenant other than through a recognized exchange shall be deemed an assignment. If this lease be
assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant beyond the expiration of all applicable notice and cure periods, collect rent from the assignee,
undertenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or
occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way be construed to relieve Tenant from
obtaining the express consent in writing of Owner to any further assignment or underletting.

 Electric Current: 12. Rates and conditions in respect to sub-metering or rent inclusion, as the case
may be, to be added in RIDER attached hereto. Tenant covenants and agrees that at all times its use of electric current shall not exceed the capacity of existing feeders to the building or the risers or wiring installation and Tenant may not use any
electrical equipment which, in Owner’s opinion, reasonably exercised, will overload such installations or interfere with the use thereof by other tenants of the building. The change at any time of the character of electric service shall in no
way make Owner liable or responsible to Tenant, for any loss, damages or expenses which Tenant may sustain. 
 Access to Premises: 13.
Owner or Owner’s agents shall have the right (but shall not be obligated) to enter the demised premises in any emergency at any time, and at other reasonable times, to examine the same and to make such repairs, replacements and improvements as
Owner may deem necessary and reasonably desirable to the demised premises or to any other portion of the building or which Owner may elect to perform. Owner shall not enter upon the demised premises except upon reasonable advance notice which may be
oral (except in the case of an emergency, in which case notice shall be given as soon as practicable) and Owner shall make reasonable efforts to minimize the disturbance caused by any entry upon the premises. Tenant shall permit Owner to use and
maintain and replace pipes, ducts, and conduits in and through the demised premises and to erect new pipes, ducts, and conduits therein, provided they are concealed within the walls, floors, or ceiling. Owner may, during the progress of any work in
the demised premises, take all necessary materials and equipment into said premises without the same constituting an eviction, nor shall the Tenant be entitled to any abatement of rent while such work is in progress, nor to any damages by reason of
loss or interruption of business or otherwise. Throughout the term hereof, Owner shall have the right to enter the demised premises at reasonable hours for the purpose of showing the same to prospective purchasers or mortgagees of the building, and
during the last six months of the term, for the purpose of showing the same to prospective tenant. If Tenant is not present to open and permit an entry into the demised premises, Owner or Owner’s agents may enter the same whenever such entry
may be necessary or permissible by master key or forcibly, and provided reasonable care is exercised to safeguard Tenant’s property, such entry shall not render Owner or its agents liable therefore, nor in any event shall the obligations of
Tenant hereunder be affected. If during the last month of the term Tenant shall have removed all or substantially all of Tenant’s property therefrom, Owner may immediately enter, alter, renovate or redecorate the demised premises without
limitation or abatement of rent, or incurring liability to Tenant for any compensation, and such act shall have no effect on this lease or Tenant’s obligations hereunder. 
 Vault, Vault Space, Area: 14. No vaults, vault space or area, whether or not enclosed or covered, not within the property line of the building, is leased hereunder, anything contained in or
indicated on any sketch, blue print or plan, or anything contained elsewhere in this lease to be the contrary notwithstanding. Owner makes no representation as to the location of the property line of the building. All vaults and vault space and all
such areas not within the property line of the building, which Tenant may be permitted to use and/or occupy, is to be used and/or occupied under a revocable license, and if any such license be revoked, or if the amount of such space or area be
diminished or required by any federal, state or municipal authority or public utility, Owner shall not be subject to any liability, nor shall Tenant be entitled to any compensation or diminution or abatement of rent, nor shall such revocation,
diminution or requisition be deemed Constructive or actual eviction. Any tax, fee or charge of municipal authorities for such vault or area shall be paid by Tenant. 
 Occupancy: 15. Tenant will not at any time use or occupy the demised premises in violation of the certificate of occupancy issued for the building of which the demised premises are a part. Tenant
has inspected the demised premises and accepts them as is. In any event, Owner makes no representation as to the condition of the demised premises, and Tenant agrees to accept the same subject to violations, whether or not of record, except as set
forth in this Lease. 
 Bankruptcy: 16. (a) Anything elsewhere in this lease to be contrary notwithstanding, this lease may be
cancelled by Owner by the sending of a written notice to Tenant within a reasonable time after the happening of any one or more of the following events: (1) the commencement of a case in bankruptcy or under the laws of any state naming Tenant
(or a guarantor of any of Tenant’s obligations under this lease) as the debtor which if involuntary is not discontinued within 90 days after commencement; or (2) the making by Tenant (or a guarantor of any of Tenant’s obligations
under this lease) of an assignment or any other arrangement for the benefit of creditors under any state statute. Neither Tenant or any person claiming through or under Tenant, or by reason of any statute or order of court, shall thereafter be
entitled to possession of the premises demised but shall forthwith quit and surrender the demised premises. If this lease shall be assigned in accordance with its terms, the provisions of this Article 16 shall be applicable only to the party then
owning Tenant’s interest in this lease. 

 

 (b) It is stipulated and agreed that in the event of the termination of this lease pursuant to
(a) hereof, Owner shall forthwith, notwithstanding any other provisions of this lease to the contrary, be entitled to recover from Tenant as and for liquidated damages, an amount equal to the difference between the rent reserved hereunder for
the unexpired portion of the term demised and the fair and reasonable rental value of the demised remises for the same period. In the computation of such damages the difference between any installment of rent becoming due hereunder after the date of
termination, and the fair and reasonable rental value of the demised premises for the period for which such installment was payable, shall be discounted to the date of termination at the rate of four percent (4%) per annum. If such demised
premises or any part thereof be re-let by the Owner for the unexpired term of said lease, or any part thereof, before presentation of proof of such liquidated damages to any court, commission or tribunal, the amount of rent reserved upon such
re-letting shall be deemed to be the fair and reasonable rental value for the part or the whole of the demised premises so re-let during the term of the re-letting. Nothing herein contained shall limit or prejudice the right of the Owner to prove
for and obtain as liquidated damages, by reason of such termination, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceedings in which, such damages are to be proved, whether or
not such amount be greater, equal to, or less than, the amount of the difference referred to above. 
 Default: 17. (1) If Tenant
defaults in fulfilling any of the covenants of this lease other than the covenants for the payment of rent or additional rent; or if any execution or attachment shall be issued against Tenant or any of Tenant’s property, whereupon the demised
premises shall be taken or occupied by someone other than Tenant; or if this lease be rejected under § 365 if Title 11 of the U.S. Code (Bankruptcy Code); or if Tenant shall have failed, after five (5) days written notice, to redeposit
with Owner any portion of the security deposit hereunder which Owner has applied to the payment of any rent and additional rent due and payable hereunder; or if Tenant shall be in default with respect to any other lease between Owner and Tenant
beyond the expiration of all applicable notice and cure periods; then, in any one or more of such events, upon Owner serving a written 30 days notice upon Tenant specifying the nature of said default, and upon the expiration of said 30 days, if
Tenant shall have failed to comply with or remedy such default, or if the said default or omission complained of shall be of a nature that the same cannot be completely cured or remedied within said 30 day period, and if Tenant shall not have
diligently commenced curing such default within such 30 day period, and shall not thereafter with reasonable diligence and in good faith, proceed to remedy or cure such default, then if such default is continuing Owner may serve a written five
(5) days notice of cancellation of this lease upon Tenant, and upon the expiration of said five (5) days this lease and the term thereunder shall end and expire as fully and completely as if the expiration of such five (5) day period
were the day herein definitely fixed for the end and expiration of this lease and the term thereof, and Tenant shall then quit and surrender the demised premises to Owner, but Tenant shall remain liable as hereinafter provided. 

(2) If the notice provided for in (1) hereof shall have been given, and the term shall expire as aforesaid; or if Tenant shall make default in the
payment of the rent reserved herein, or any item of additional rent herein mentioned, or any part of either, or in making any other payment herein required for more than five days after notice the same is due and was not received; then, and in any
of such events, Owner may without notice, re-enter the demised premises either by force or otherwise, and dispossess Tenant by summary proceedings or otherwise, and the legal representative of Tenant or other occupant of the demised premises, and
remove their effects and hold the demised premises as if this lease had not been made, and Tenant hereby waives the service of notice of intention to re-enter or to institute legal proceedings to that end. If Tenant shall make default hereunder
prior to the date fixed as the commencement of any renewal or extension of this lease, Owner may cancel and terminate such renewal or extension agreement by written notice. 
 Remedies of Owner and Waiver of Redemption: 18. In case of any such default, re-entry, expiration and/or dispossess by summary proceedings or otherwise, (a) the rent shall become due thereupon
and be paid up to the time of such re-entry, dispossess and/or expiration, (b) Owner may re-let the demised premises or any part or parts thereof, either in the name of Owner or otherwise, for a term or terms, which may at Owner’s option
be less than or exceed the period which would otherwise have constituted the balance of the term of this lease, and may grant concessions or free rent or charge a higher rental than that in this lease, and/or (c) Tenant or the legal
representatives of Tenant shall also pay to Owner as liquidated damages for the failure of Tenant to observe and perform said Tenant’s covenants herein contained, any deficiency between the rent hereby reserved and/or covenanted to be paid and
the net amount, if any, of the rents collected on account of the lease or leases of the demised premises for each month of the period which would otherwise have constituted the balance of the term of this lease.

 The failure of Owner to re-let the demised premises, or any part or parts thereof, shall not release or
affect Tenant’s liability for damages. In computing such liquidated damages there shall be added to the said deficiency such expenses as Owner may incur in connection with re-letting, such as legal expenses, reasonable attorneys’ fees,
brokerage, advertising and for keeping the demised premises in good order or for preparing the same for re-letting. Any such liquidated damages shall be paid in monthly installments by Tenant on the rent day specified in this lease, and any suit
brought to collect the amount of the deficiency for any month shall not prejudice in any way the rights of Owner to collect the deficiency for any subsequent month by a similar proceeding. Owner, in putting the demised premises in good order or
preparing the same for re-rental may, at Owner’s option, make such alterations, repairs, replacements, and/or decorations in the demised premises as Owner, in Owner’s sole judgment, considers advisable and necessary for the purpose of
re-letting the demised premises, and the making of such alterations, repairs, replacements, and/or decorations shall not operate or be construed to release Tenant from liability hereunder as aforesaid. Owner shall in no event be liable in any way
whatsoever for failure to re-let the demised premises, or in the event that the demised premises are re-let, for failure to collect the rent thereof under such re-letting, and in no event shall Tenant be entitled to receive any excess, if any, of
such net rents collected over the sums payable by Tenant or Owner hereunder. In the event of a breach or threatened breach by Tenant of any of the covenants or provisions hereof, Owner shall have the right of injunction and the right to invoke any
remedy allowed at law or in equity as if re-entry, summary proceedings and other remedies were not herein provided for. Mention in this lease of any particular remedy shall not preclude Owner from any other remedy, in law or in equity. Tenant hereby
expressly waives any and all rights of redemption granted by or under any present or future laws in the events of Tenant being evicted or dispossessed for any cause, or in the event of Owner obtaining possession of the demised premises, by reason of
the violation by Tenant of any of the covenants and conditions of this lease, or otherwise. 
 Fees and Expenses: 19. If Tenant shall
default in the observance or performance of any term or covenant on Tenant’s part to be observed or performed under, or by virtue of, any of the terms or provisions in any article of this lease after notice, if required, and upon expiration of
any applicable grace period, if any (except in an emergency), then unless otherwise provided elsewhere in this lease, Owner may immediately, or at any time thereafter and without notice, perform the obligation of Tenant thereunder. If Owner, in
connection with the foregoing, or in connection with any default by Tenant in the covenant to pay rent hereunder, makes any expenditures or incurs any obligations for the payment of money, including but not limited to reasonable attorneys’
fees, in instituting, prosecuting or defending any action or proceeding, and prevails in any such action or proceeding, then Tenant will reimburse Owner for such sums so paid, or obligations incurred, with interest and costs. The foregoing expenses
incurred by reason of Tenant’s default shall be deemed to be additional rent hereunder, and shall be paid by Tenant to Owner within ten (10) days of rendition of any bill or statement to Tenant therefore. If Tenant’s lease term shall
have expired at the time of making of such expenditures or incurring of such obligations, such sums shall be recoverable by Owner, as damages. 

Building Alterations and Management: 20. Owner shall have the right at any time without the same constituting an eviction and without incurring
liability to Tenant therefor, to change the arrangement and/or location of public entrances, passageways, doors, doorways, corridors, elevators, stairs, toilets or other public parts of the building, and to change the name, number or designation by
which the building may be known. There shall be no allowance to Tenant for diminution of rental value and no liability on the part of Owner by reason of inconvenience, annoyance or injury to business arising from Owner or other Tenants making any
repairs in the building or any such alterations, additions and improvements. Owner will perform any such repairs, alterations, additions and improvements with reasonable diligence and with a reasonable effort to minimize interference with the
permitted use. Furthermore, Tenant shall not have any claim against Owner by reason of Owner’s imposition of such controls of the manner of access to the building by Tenant’s social or business visitors as the Owner may deem necessary for
the security of the building and its occupants. 
 No Representations by Owner: 21. Neither Owner nor Owner’s agents have made any
representations or promises with respect to the physical condition of the building, the land upon which it is erected or the demised premises, the rents, leases, expenses of operation or any other matter or thing affecting or related to the demised
premises, except as herein expressly set forth, and no rights, easements or licenses are acquired by Tenant by implication or otherwise, except as expressly set forth in the provisions of this lease. Tenant has inspected the building and the demised
premises and is thoroughly acquainted with their condition and agrees to take the same in “as is” and acknowledges that the taking of possession of the demised premises by Tenant shall be conclusive evidence that the said premises and the
building of which the same form a part were in good and satisfactory condition at the time

 

 
such possession was so taken, except as to latent defects. All understandings and agreements heretofore made between the parties hereto are merged in this contract, which alone fully and
completely expresses the agreement between Owner and Tenant, and any executory agreement hereafter made shall be ineffective to change, modify, discharge or effect an abandonment of it in whole or in part, unless such executory agreement is in
writing and signed by the party against whom enforcement of the change, modification, discharge or abandonment is sought. 
 End of Term:
22. Upon the expiration or other termination of the term of this lease, Tenant shall quit and surrender to Owner the demised premises, “broom-clean”, in good order and condition, ordinary wear and damages which Tenant is not required
to repair as provided elsewhere in this lease excepted, and Tenant shall remove all its property. Tenant’s obligation to observe or perform this covenant shall survive the expiration or other termination of this lease. If the last day of the
term of this lease or any renewal thereof, falls on Sunday, this lease shall expire at noon on the preceding Saturday, unless it be a legal holiday, in which case it shall expire at noon on the preceding business day. 

Quiet Enjoyment: 23. Owner covenants and agrees with Tenant that upon Tenant paying the rent and additional rent and observing and performing all
the terms, covenants and conditions, on Tenant’s part to be observed and performed, within all applicable notice and cure periods, Tenant may peaceably and quietly enjoy the premises hereby demised, subject, nevertheless, to the terms and
conditions of this lease including, but not limited to, Article 31 hereof, and to the ground leases, underlying leases and mortgages hereinbefore mentioned. 
 Failure to Give Possession: 24. If Owner is unable to give possession of the demised premises on the date of the commencement of the term hereof because of the holding over or retention of
possession of any tenant, undertenant or occupants, or if the demised premises are located in a building being constructed, because such building has not been sufficiently completed to make the demised premises ready for occupancy, or because of the
fact that a certificate of occupancy has not been procured, or for any other reason, Owner shall not be subject to any liability for failure to give possession on said date and the validity of (the lease shall not be impaired under such
circumstances, nor shall the same be construed in any way to extend the term of this lease, but the rent payable hereunder shall be abated (provided Tenant is not responsible for Owner’s inability to obtain possession or complete construction)
until after Owner shall have given Tenant written notice that the Owner is able to deliver possession in condition required by this lease. If permission is given to Tenant to enter into possession of the demised premises, or to occupy premises other
than the demised premises, prior to the (date specified as the commencement of the term of this lease, Tenant covenants and agrees that such possession and/or occupancy shall be deemed to be under all the terms, covenants, conditions and provisions
of this lease, except the obligation to pay the fixed annual rent set forth in the preamble to this lease. The provisions of this article are intended to constitute “an express provision to the contrary” within the meaning of
Section 223-a of the New York Real Property Law. 
 No Waiver: 25. The failure of Owner or Tenant to seek redress for violation of,
or to insist upon the strict performance of, any covenant or condition of this lease or of any of the Rules or Regulations, set forth or hereafter adopted by Owner, shall not prevent a subsequent act which would have originally constituted a
violation from having all the force and effect of an original violation. The receipt by Owner of rent and/or additional rent with knowledge of the breach of any covenant of this lease shall not be deemed a waiver of such breach, and no provision of
this lease shall be deemed to have been waived by Owner or Tenant unless such waiver be in writing signed by Owner or Tenant, as the case may be. No payment by Tenant or receipt by Owner of a lesser amount than the monthly rent herein stipulated
shall be deemed to be other than on account of the earliest stipulated rent., nor shall any endorsement or statement of any check or any letter accompanying any check or payment as rent be deemed an accord and satisfaction, and Owner may accept such
check or payment without prejudice to Owner’s right to recover the balance of such rent or pursue any other remedy in this lease provided. No act or thing done by Owner or Owner’s agents during the term hereby demised shall be deemed an
acceptance of a surrender of the demised premises, and no agreement to accept such surrender shall be valid unless in writing signed by Owner. No employee of Owner or Owner’s agent shall have any power to accept the keys of said premises prior
to the termination of the lease, and the delivery of keys to any such agent or employee shall not operate as a termination of the lease or a surrender of the demised premises. 
 Waiver of Trial by Jury: 26. It is mutually agreed by and between Owner and Tenant that the respective parties hereto shall and they hereby do, waive trial by jury in any action proceeding or
counterclaim brought by either of the parties hereto against the other (except for personal injury or property damage) on any matters whatsoever arising out of, or in any way connected with, this

 
lease, the relationship of Owner and Tenant, Tenant’s use of, or occupancy of, the demised premises, and any emergency statutory or any other statutory remedy. It is further mutually agreed
that in the event Owner commences any proceeding or action for possession, including a summary proceeding for possession of the demised premises, Tenant will not interpose any counterclaim of whatever nature or description in any such proceeding,
including a counterclaim under Article 4, except for statutory mandatory counterclaims. The foregoing shall not prohibit Tenant from bringing a separate plenary action against Owner. 
 Inability to Perform: 27. This lease and the obligation of Tenant to pay rent hereunder and perform all of the other covenants and agreements hereunder on part of Tenant to be performed shall in no
way be affected, impaired or excused because Owner is unable to fulfill any of its obligations under this lease, or to supply, or is delayed in supplying, any service expressly or impliedly to be supplied, or is unable to make, or is delayed in
making, any repair, additions, alterations, or decorations, or is unable to supply, or is delayed in supplying, any equipment, fixtures, or other materials, if Owner is prevented or delayed from so doing by reason of strike or labor troubles or any
cause whatsoever including, but not limited to, government preemption or restrictions, or by reason of any rule, order or regulation of any department or subdivision thereof of any government agency, or by reason of the conditions which have been or
are affected, either directly or indirectly, by war or other emergency. 
 Bills and Notices: 28. Except as otherwise in this lease
provided any notice, statement, demand or other communication required or permitted to be given, rendered or made by either party to the other, pursuant to this lease or pursuant to any applicable law or requirement of public authority, shall be in
writing (whether or not so stated elsewhere in this lease) and shall be deemed to have been properly given, rendered or made, if sent by registered or certified mail (express mail, if available), return receipt requested or by courier guaranteeing
overnight delivery and furnishing a receipt in evidence thereof, addressed to the other party at the address hereinabove set forth (except that after the date Tenant commences the conduct of its business in the Demised Premises, Tenant’s
address, unless Tenant shall give notice to the contrary, shall be the building), and shall be deemed to have been given, rendered or made (a) on the date delivered, if delivered to Tenant personally, (b) on the date delivered if a
business day or, if not, then the next business day, if delivered by overnight courier or (c) on the date which is two (2) business days after being mailed. Either party may, by notice as aforesaid, designate a different address or
addresses for notices, statements, demand or other communications intended for it. Notice given by Owner’s managing agent shall be deemed a valid notice if addressed and set in accordance with the provisions of this Article. At Owner’s
option, notices and bills to Tenant may be sent by hand delivery. 
 Services Provided by Owners: 29. As long as
Tenant is not in default under any of the covenants of this lease beyond the applicable grace period provided in this lease for the curing of such defaults, Owner shall provide: (a) necessary elevator facilities on business days from 8 a.m. to
6 p.m. and have one elevator subject to call at all other times; (b) heat to the demised premises when and as required by law, on business days from 8 a.m. to 6 p.m.; (c) water for ordinary lavatory, cleaning and pantry purposes, but if
Tenant uses or consumes water for any other purposes or in unusual quantities (of which fact Owner shall be the reasonable judge), Owner may install a water meter at Tenant’s expense, which Tenant shall thereafter maintain at Tenant’s
expense in good working order and repair, to register such water consumption, and Tenant shall pay for water consumed as shown on said meter as additional rent as and when bills are rendered; (d) cleaning service for the demised premises in
accordance with the attached cleaning specifications on business days at Owner’s expense provided that the same are kept in order by Tenant. No one other than persons approved by Owner shall be permitted to enter said premises or the building
of which they are a part for such purpose. Tenant shall pay Owner the cost of removal of any of Tenant’s refuse and rubbish from the building in excess of standard office rubbish; (e) air conditioning/cooling will be furnished to Tenant
from May 15th through September 30th on business days (Mondays through Fridays, holidays excepted) from
8:00 a.m. to 6:00 p.m., and ventilation will be furnished on business days during the aforesaid hours except when air conditioning/cooling is being furnished as aforesaid. If Tenant requires air conditioning/cooling or ventilation for more extended
hours or on Saturdays, Sundays or on holidays, as defined under Owner’s contract with the applicable Operating Engineers contract, Owner will furnish the same at Owner’s customary rate, which is presently $500.00 an hour; the foregoing
charge shall not apply in the event Tenant uses its own supplementary air conditioning system or a supplementary air conditioning system shared with or maintained by Tinicum Incorporated; (f) Owner reserves the right to stop services of the
heating, elevators, plumbing, air-conditioning, electric, power systems or cleaning or other services, if any, when necessary by reason of accident, or for repairs, alterations, replacements or improvements necessary or desirable in the judgment of
Owner, for as long as may be reasonably required by reason thereof. Owner shall make reasonable

 

 
efforts to minimize interference with the permitted use and shall endeavor to provide Tenant with reasonable advance notice of such stoppage, which notice may be oral. If the building of which
the demised premises are a part supplies manually operated elevator service, Owner at any time may substitute automatic control elevator service and proceed diligently with alterations necessary therefore without in any way affecting this lease or
the obligations of Tenant hereunder. (g) Owner shall permit telecommunication service providers already servicing the Building to provide telecommunication services to Tenant subject to Owner’s reasonable rules. 

Captions: 30. The Captions are inserted only as a matter of convenience and for reference, and in no way define, limit or describe the scope of
this lease nor the intent of any provisions thereof. 
 Definitions: 31. The term “office”, or “offices”, wherever
used in this lease, shall not be construed to mean premises used as a store or stores, for the sale or display, at any time, of good, wares or merchandise, of any kind, or as a restaurant, shop, booth, bootblack or other stand, barber shop, or for
other similar purposes, or for manufacturing. The term “Owner” means a landlord or lessor, and as used in this lease means only the owner, or the mortgagee in possession for the time being, of the land and building (or the owner of a lease
of the building or of the land and building) of which the demised premises form a part, so that in the event of any sale or sales or conveyance, assignment or transfer of said land and building, or of said lease, or in the event of a lease of said
building, or of the land and building, the said Owner shall be, and hereby is, entirely freed and relieved of all covenants and obligations of Owner hereunder arising on or after the date of such transaction, and it shall be deemed and construed
without further agreement between the parties or their successors in interest, or between the parties and the purchaser, at any such sale, or the said lessee of the building, or of the land and building, that the purchaser, grantee, assignee or
transferee or the lessee of the building has assumed and agreed to carry out any and all covenants and obligations of Owner, hereunder. The words “re-enter” and “re-entry” as used in this lease are not restricted to their
technical legal meaning. The term “business days’ as used in this lease shall exclude Saturdays, Sundays and all days as observed by the State or Federal Government as legal holidays and those designated as holidays by the applicable
building service union employees service contract, or by the applicable Operating Engineers contract with respect to HVAC service. Wherever it is expressly provided in this lease that consent shall not be unreasonably withheld, such consent shall
not be unreasonably delayed. 
 Adjacent Excavation- Shoring: 32. If an excavation shall be made upon land adjacent to the demised
premises, or shall be authorized to be made, Tenant shall afford to the person causing or authorized to cause such excavation, a license to enter upon the demised premises for the purpose of doing such work as said person shall deem necessary to
preserve the wall or the building, of which demised premises form a part, from injury or damage, and to support the same by proper foundations, without any claim for damages or indemnity against Owner, or diminution or abatement of rent. 

Rules and Regulations: 33. Tenant and Tenant’s servants, employees, agents, visitors, and licensees shall observe faithfully
and comply strictly with, the Rules and Regulations and such other and further reasonable Rules and Regulations as Owner and Owner’s agents may from time to time adopt. Notice of any additional Rules or Regulations shall be given in such manner
as Owner may elect. In case Tenant disputes the reasonableness of any additional Rules or Regulations hereafter made or adopted by Owner or Owner’s agents, the parties hereto agree to submit the question of the reasonableness of such Rules or
Regulations for decision to the New York office of the American Arbitration Association, whose determination shall be final and conclusive upon the parties hereto. The right to dispute the reasonableness of any additional Rules or Regulations upon
Tenant’s part shall be deemed waived unless the same shall be asserted by service of a notice, in writing, upon Owner, within

 
fifteen (15) days after the giving of notice thereof. Nothing in this lease contained shall be construed to impose upon Owner any duty or obligation to enforce the Rules and Regulations or
terms, covenants or conditions in any other lease, as against any other tenant, and Owner shall not be liable to Tenant for violation of the same by any other tenant, its servants, employees, agents, visitors or licensees. Notwithstanding the
foregoing, Owner shall not enforce the Rules and Regulations against Tenant in a discriminatory manner vis-ã-vis other tenants of the Building. In the event of any conflict between the Rules and Regulations and this lease, this lease shall
govern. 
 Security: 34. Tenant has deposited with Owner the sum of $150,000.00 as security for the faithful performance and
observance by Tenant of the terms, provisions and conditions of this lease; it is agreed that in the event Tenant defaults in respect of any of the terms, provisions and conditions of this lease, including, but not limited to, the payment of rent
and additional rent, Owner may use, apply or retain the whole or any part of the security so deposited to the extent required for the payment of any rent and additional rent, or any other sum as to which Tenant is in default, or for any sum which
Owner may expend or may be required to expend by reason of Tenant’s default in respect of any of the terms, covenants and conditions of this lease, including but not limited to, any damages or deficiency in the re-letting of the demised
premises, whether such damages or deficiency accrued before or after summary proceedings or other re-entry by Owner. In the case of every such use, application or retention, Tenant shall, within five (5) days after demand, pay to Owner the sum
so used, applied or retained which shall be added to the security deposit so that the same shall be replenished to its former amount. If Tenant is not then in default of any of the terms, provisions, covenants and conditions of this lease (or, if
such default then exists, upon the cure of the same), the security shall be returned to Tenant promptly after the date fixed as the end of the lease and after delivery of entire possession of the demised premises to Owner. In the event of a sale of
the land and building, or leasing of the building, of which he demised premises form a part, Owner shall have the right to transfer the security to the vendee or lessee, and Owner shall thereupon be released by Tenant from all liability for the
return of such security; and Tenant agrees to look to the new Owner solely for the return of said security, and it is agreed that the provisions hereof shall apply to every transfer or assignment made of the security to a new Owner, Tenant further
covenants that it will not assign or encumber, or attempt to assign or encumber, the monies deposited herein as security, and that neither Owner nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment
or attempted encumbrance. 
 Estoppel Certificate: 35. Tenant, at any time, and from time to time, upon at least ten
(10) days prior notice by Owner, shall execute, acknowledge and deliver to Owner, and or to any other person, firm or corporation specified by Owner, a statement certifying that to Tenant’s actual knowledge after due inquiry this lease is
unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified and stating the modifications), stating the dates to which the rent and additional rent have been paid, and stating
to Tenant’s actual knowledge after due inquiry whether or not there exists any default by Owner under this lease, and, if so, specifying each such default and such other information as shall be required of Tenant. 

Successors and Assigns: 36. The covenants, conditions and agreements contained in this lease shall bind and inure to the benefit of Owner and
Tenant and their respective heirs , distributes, executors, administrators, successors, and except as otherwise provided in tills lease, their assigns. Tenant shall look only to Owner’s estate and interest in tile land and building and the
proceeds therefrom, for the satisfaction of Tenant’s remedies for the collection of a judgment (or other judicial process) against Owner in the event of any default by Owner hereunder, and no other property or assets of such Owner (or any
partner, member, officer or director thereof, disclosed or undisclosed), shall be subject to levy, execution or other enforcement procedure for the satisfaction of Tenant’s remedies under, or with respect to, this lease, the relationship of
Owner and Tenant hereunder, or Tenant’s use and occupancy of the demised premises. 

 

  
 In Witness Whereof, Owner
and Tenant shall have respectively signed and sealed this lease as of the day and year first above written. 
  

											
	Witness for Owner:	 		 	 JOSEPH. P. DAY REALTY., CORP., AS AGENT FOR 800 THIRD AVENUE ASSOCIATES, LLC

(OWNER )

				
	  
	 		 	BY:	 	  

				
	Witness for Tenant:	 		 		 	 LIQUID HOLDINGS GROUP. LLC
 (TENANT)

				
	  
	 		 	BY:	 	 /s/ Brian Ferdinand

		 		 		 	FEDERAL IDENTIFICATION#:	 	 45 5070568

		 		 		 	Brian Ferdinand President

  

 IMPORTANT- PLEASE READ 

 

 RULES AND REGULATIONS ATTACHED TO AND 

MADE A PART OF THIS LEASE 
 IN ACCORDANCE WITH ARTICLE 33. 
 1. The sidewalks, entrances, driveways, passages,
courts, elevators, vestibules, stairways, corridors or halls shall not be obstructed or encumbered by Tenant or used for any purpose other than for ingress or egress from the demised premises, and for delivery of merchandise and equipment in a
prompt and efficient manner using elevators and passageways designed for such delivery by Owner. There shall not be used in ay space, or in the public hall of the building, either by any tenant or by jobbers or others in the delivery or receipt of
merchandise, any hand trucks, except those equipped with rubber tires and sideguards. If said premises are situated on the ground floor of the building, Tenant thereof shall further, at Tenant’s expense, keep the sidewalk and curb in front of
said premises clean and free from ice, snow, dirt and rubbish. 
 2. The water and wash closets and plumbing fixtures shall not be used
for any purposes other than those for which they were designed or constructed, and no sweepings, rubbish, rags, acids or other substances shall be deposited therein, and the expense of any breakage, stoppage, or damage resulting from the violation
of this rule shall be borne by the Tenant, whether or not caused by the Tenant, or its clerks, agents, employees or visitors. 
 3. No
carpet, rug or other article shall be hung or shaken out of any window of the building and Tenant shall not sweep or throw, or permit to be swept or thrown, from the demised premises any dirt or other substances into any of the corridors or halls,
elevators, or out of the doors or windows or stairways of the building, and Tenant shall not use, keep or permit to be used or kept, any foul or noxious gas or substance in the demised premises, or permit or suffer the demised premises to be
occupied or used in a manner offensive or objectionable to Owner or other occupants of the building by reason of noise, odors, and/or vibrations, or interfere in any way with other tenants or those having business therein, nor shall any bicycles,
vehicles, animals, fish, or birds be kept in or about the building. Smoking or carrying lighted cigars or cigarettes in the elevators of the building is prohibited. 
 4. No awnings or other projections shall be attached to the outside walls of the building without the prior written consent of Owner. 
 5. No sign, advertisement, notice or other lettering shall be exhibited. inscribed, painted or affixed by Tenant on any part of the outside of the demised premises or the building, or on the inside
of the demised premises if the same is visible from the outside of the demised premises, without the prior written consent of Owner, except that the name of Tenant may appear on the entrance door of the demised premises. In the event of the
violation of the foregoing by Tenant, Owner may remove same without any liability, and may charge the expense incurred by such removal to Tenant. Interior signs on doors and directory tablet shall be inscribed, painted or affixed for Tenant by Owner
at the expense of Tenant, and shall be of a size, color and style acceptable to Owner. 
 6. Tenant shall not mark, paint, drill into, or
in any way deface, any part of the demised premises or the building of which they form a part. No boring, cutting or stringing of wires shall be permitted, except with the prior written consent of Owner, and as Owner may direct. Tenant shall not lay
linoleum, or other similar floor covering, so that the same shall come in direct contact with the floor of the demised premises, and, if linoleum or other similar floor covering is desired to be used, an interlining of builder’s deadening felt
shall be first affixed to the floor, by a paste or other material, soluble in water, the use of cement or other similar adhesive material being expressly prohibited. 
 7. No additional locks or bolts of any kind shall be placed upon any of the doors or windows by Tenant, nor shall any changes be made in existing locks or mechanism thereof. Tenant must, upon the
termination of his tenancy, restore to Owner all keys of stores, offices and toilet rooms, either furnished to, or otherwise procured by, Tenant, and in the event of the loss of any keys, so furnished. Tenant shall pay to Owner the cost thereof.

 8. Freight, furniture, business equipment, merchandise and bulky matter of any description shall be delivered to and removed from the
demised premises

 
only on the freight elevators and through the service entrances and corridors, and only during hours and in a manner approved by Owner, Owner reserves the right to inspect all freight to be
brought into the building and to exclude from the building all freight which violates any of these Rules and Regulations of the lease, or which these Rules and Regulations are a pars. 
 9. Canvassing, soliciting and peddling in the building is prohibited and Tenant shall cooperate to prevent the same. 
 10. Owner reserves the right to exclude from the building all persons who do not present a pass to the building signed by Owner. Owner will furnish passes to persons for whom Tenant requests same
in writing. Tenant shall be responsible for all persons for whom he requests such pass, and shall be liable to Owner for all acts of such persons. Tenant shall not have a claim against Owner by reason of Owner excluding from the building any person
who does not present such pass. 
 11. Owner shall have the right to prohibit any advertising by Tenant which in Owner’s opinion,
tends to impair the reputation of the building or its desirability as a building for offices, and upon written notice from owner. Tenant shall refrain from or discontinue such advertising. 
 12. Tenant shall not bring or permit to be brought or kept in or on the demised premises, any inflammable, combustible, explosive, or hazardous fluid, material, chemical or substance, or cause or
permit any odors of cooking or other process, or any unusual or other objectionable odors, to permeate in, or emanate from, the demised premises. 
 13. If the building contains central air conditioning and ventilation, Tenant agrees to keep all windows closed at all times and to abide by all rules and regulations issued by Owner with respect
to such services. If Tenant requires air conditioning or ventilation after the usual hours. Tenant shall give notice in writing to the building superintendent prior to 3:00 p.m. in the case of services required on weekdays, and prior to 3:00 p.m. on
the day prior tin case of after hours service required on weekends or on holidays. Tenant shall cooperate with Owner in obtaining maximum effectiveness of the cooling system by lowering and closing Venetian blinds and/ or drapes and curtains when
the sun’s rays fall directly on the windows of the demised premises. 
 14. Tenant shall not move any safe, heavy machinery, heavy
equipment. bulky matter, or fixtures into or out of tire building without Owner’s prior written consent which shall not be unreasonably withheld, conditioned or delayed. If such safe. machinery. equipment. bulky matter or fixtures requires
special handling. all work in connection therewith shall comply with the Administrative Code of the City of New York and all other laws and regulations applicable thereto, and shall be done during such hours as Owner may designate. 

15. Refuse and Trash. (I) Compliance by Tenant. Tenant covenants and agrees, at its sole cost and expenses, to comply with all present and
future laws, orders, and regulations, of all state, federal, municipal, and local governments. departments. commissions and boards regarding the collection, sorting. separation and recycling of waste products, garbage, refuse and trash. Tenant shall
sort and separate such waste products, garbage. refuse and trash into such categories as provided by law, Each separately sorted category of waste products, garbage. refuse and trash shall be placed in separate receptacles reasonably approved by
Owner. Such separate receptacles may, at Owner’s option, be removed from the demised premises in accordance with a collection schedule prescribed by law. Tenant shall remove, or cause to be retrieved by a contractor acceptable to Owner. at
Owner’s sole discretion, such items as Owner may expressly designate. (2) Owner’s Rights in Event of Noncompliance. Owner has the option to refuse to collect or accept from tenant waste products, garbage. refuse or trash (a) that
is not separated and sorted as required by law or (b) which consists of such items as Owner may expressly designate for Tenant’s removal, and to require Tenant to arrange for such collection at Tenant’s sole cost and expense,
utilizing a contractor satisfactory to Owner. Tenant shall pay all costs, expenses, fines, penalties or damages that may be imposed on Owner or Tenant by reason of Tenant’s failure to comply with the provisions of this Building Rule 15. and, at
Tenant’s sole cost and expense, shall indemnity, defend and hold Owner harmless (including reasonable legal fees and expenses) from and against any actions, claims and suits arising from such noncompliance, utilizing counsel reasonably
satisfactory to Owner. 

 

 STANDARD LEASE RIDER 

 

 37. RIDER PROVISIONS PARAMOUNT 
 If and to the extent that any of the provisions of this Rider conflict or are otherwise inconsistent with any of the preceding printed provisions of this Lease, whether or not such inconsistency is
expressly noted in this Rider, the provisions of this Rider shall prevail, and in case of inconsistency with the Rules and Regulations, shall be deemed a waiver of such Rules and Regulations with respect to this Tenant to the extent of such
inconsistency. 
 38. BINDING EFFECT 
 It is specifically understood and agreed that this Lease is offered to Tenant for signature by the managing Agent of the Building solely in its capacity as such Agent and subject to Owner’s
acceptance and approval, and that Tenant shall have affixed its signature hereto with the understanding that such act shall not, in any way, bind Owner or its Agent until such time as this Lease shall have been approved and executed by the managing
Agent or the Owner and delivered to Tenant. 
 39. REAL ESTATE TAX ESCALATION 
 Tenant shall pay Owner as additional rents the amounts set forth in this Article 39. 
 A. The following definitions shall apply: 
 1. “Taxes” shall mean the
real estate taxes and assessments and special assessments imposed upon the Building and/or the land (“the Building”) by any governmental bodies or authorities for any purpose whatsoever or any other governmental charges whether
general or special, ordinary or extraordinary, foreseen or unforeseen, which may be levied or assessed with respect to the Building during the term of this Lease or any renewal thereof whether the increase results from a higher tax rate or an
increase in the assessed value of the Building or both or other means of increase. If at any time after the date hereof the methods of taxation prevailing on the date hereof shall be altered so that in lieu of, or as an addition to or as a
substitute for the whole or any part of the taxes, assessments, levies, impositions or charges now levied, assessed or imposed on real estate and the improvements thereof, there shall be levied, assessed and imposed (i) a tax, assessment, levy
or otherwise on the rents received therefrom, or (ii) a license fee measured by the rent payable by Tenant to Owner, or (iii) any other additional or substitute tax, assessment, levy, imposition or charge, then all such taxes, assessments,
levies, impositions or charges or the part thereof so measured or based shall be deemed to be included within the term “Taxes” for the purpose hereof. Taxes shall not include any inheritance, estate, succession, transfer, gift, franchise,
corporation, income or profit tax or excess profits that is or may be imposed upon Owner, nor shall Taxes include any interest, penalties or fines. Tenant agrees to pay Tenant’s Share of the actual reasonable costs incurred by Owner in any tax
protest or reduction proceedings, including (to the extent reasonable) attorneys, accountants and appraiser’s fees and any other filing or court fees or other costs, disbursements or expenses incurred with relation to each Tax Year during the
term of this Lease. 
 2. “Base Tax” shall mean Taxes, as finally determined by settlement, court decision or
otherwise, for the fiscal Tax Year ending June 30, 2008 except no effect shall be given to any abatement or other reduction. 
 3. “Tax Year” shall mean the fiscal year for which Taxes are levied by the governmental authority. 
 4. “Tenant’s Share” shall be .809% throughout the term of this Lease irrespective of the bulk of the Building and the Demised Premises and any additions or demolition at any
time during the term hereof 
 5. “Building” shall mean the land and building known as 800 Third
Avenue in the borough of Manhattan, city and state of New York of which the Demised Premises form a part. 
 B. 1. If, for any reason, the Taxes for any Tax Year occurring in whole or in part during the term of this lease shall be more than the Base Tax, Tenant shall pay as additional rent for such Tax Year an
amount equal to Tenant’s Share of the amount by which the Taxes for such Tax Year are greater than the Base Tax. (The amount payable by Tenant is hereinafter called the “Tax Payment.”) Owner or Agent shall furnish Tenant with a
statement showing the calculations for any year in which a Tax Payment is due and if requested with copies of the tax bills. Said statement shall be deemed final and binding on Tenant unless disputed by Tenant within 30 days after receipt thereof.

 2. In the event the Base Tax is reduced as a result of settlement, court decision or of any other appropriate proceeding or
agreement, Owner shall have the right to adjust the amount of Tax Payment due from Tenant for any Tax Year in which Tenant is or was obligated to pay a Tax Payment hereunder to reflect the new Base Tax, and Tenant agrees to pay the amount of said
adjustment on the next rental installment day immediately following receipt of a rent statement from Owner setting forth the amount of said adjustment. Owner will furnish an explanation of such adjustment on request.

 C. With respect to any period at the commencement or expiration of the term, which shall
constitute a partial Tax Year, Owner’s statement shall apportion the amount of the Tax Payment due hereunder. 
 D.
Beginning with the first Tax Year in which Taxes are greater than the Base Tax, the Tax Payment for that year and subsequent years shall be paid in full promptly after billing. 

E. Owner shall be under no obligation to contest the Taxes or the assessed valuation of the land and the Building for any Tax Year or
to refrain from contesting the same, and may settle any such contest on such terms as Owner in its sole judgment considers proper. 
 F. Owner’s failure during the Lease term to prepare and deliver any statements or bill for Tax Payment, or Owner’s failure to make a demand under this Article 39 or under any other provisions of
this Lease shall not in any way be deemed to be a waiver of or cause Owner to forfeit or surrender its right to collect any items of additional rent which may have become due pursuant to this Article 39 so long as Owner delivers to Tenant a bill for
a Tax Payment within two years after the expiration of the Tax Year for which such Tax Payment is due or if later within two years after the final determination of such Tax Payment, or any other article of this Lease during the term of this Lease.
Tenant’s liability for the additional rent due under this Article 39 shall survive the expiration or sooner termination of this Lease. 
 G. In no event shall any adjustment of Tax Payments hereunder result in a decrease of the fixed rent or additional rent payable pursuant to any other provisions of this Lease, it being agreed that the
payment of additional rent under this Article 39 is an obligation supplemental and in addition to Tenant’s obligation to pay fixed rent. 

40. INTENTIONALLY OMITTED 
 41.
INTENTIONALLY OMITTED 
 42. INTENTIONALLY OMITTED 
 43. LOCAL LAWS 
 If any alterations, installations, changes or improvements to the Building,
including, but not limited to, the Demised Premises are made by Owner in order to comply with New York City Local Law No. 5 (fire protection) and New York City Law No. 10 (building condition) and any other local law as each may be amended
or any successor or law of like import, (or any Federal, State or local law or government regulations enacted subsequent to the date hereof) at any time after the date of this Lease and prior to the expiration date of this Lease, the cost of any
such alterations shall, for the purposes of this Article 43, be deemed amortized by Owner in accordance with an amortization schedule based on the useful life thereof with a reasonable interest factor included therein, determined by Owner in
Owner’s reasonable judgment, and during each calendar year which shall include any part of the demised term for which such an amortization shall be applicable, Tenant shall pay to Owner a sum equal to .809% of such amortization and interest
applicable to such calendar year. Owner shall deliver (prorated for any partial year within the term). Tenant a statement setting forth the amount due. Such statement shall not be deemed final and binding on Tenant unless disputed required to make
any payment under this Article by Tenant within 30 days after receipt thereof reason of alterations required to be made by laws in effect as of the date of execution of this Lease. 
 44. ADDITIONAL RENT 
 All escalation rents, additional rent and any and all other payments,
charges and sums due by the Tenant to the Owner under this Lease whether or not designated as such shall be deemed rent for all purposes hereunder and by law, and the failure to pay any such amount shall subject the Tenant to the same rights and
remedies of the Owner including the right to commence summary proceedings for nonpayment of rent as if such escalation rent, additional rent and other payments, charges and sums due were Fixed Annual Base Rent hereunder. 

45. ACCEPTANCE OF RENT 
 If Tenant is in
arrears in the payment of fixed rent or additional rent, Tenant waives its rights, if any, to designate the items in arrears against which any payments made by Tenant are to be credited, and Owner may apply any of such payments to any such items in
arrears as Owner, in its sole discretion, shall determine, irrespective of any designation or request by Tenant as to the items against which any such payments shall be credited. No payment by Tenant nor receipt by Owner of a lesser amount than may
be required to be paid hereunder shall be deemed to be other than on account of any payment nor shall any endorsement or statement on any check or any letter accompanying any check tendered as payment be deemed an accord and satisfaction and Owner
may accept such check or payment without prejudice to Owner’s right to recover the balance of such payment due or pursue any other remedy in this Lease provided or at law. No receipt of monies by Owner from Tenant, after any reentry or after
the cancellation or termination of this Lease in any lawful manner shall reinstate this Lease, and after the service of notice to termination this Lease, or after the commencement of any action, proceeding or other remedy, Owner may demand, receive
and collect any monies due and apply this on 

 

  
 1 

 
account of Tenant’s obligations under this Lease but without in any respect affecting such notice, action, proceeding or remedy, except that if a money judgment is being sought in any such
action or proceeding, the amount of such judgment shall be reduced by such payment. All checks rendered to the Owner as and for the rent of the Demised Premises shall be deemed payments for the account of the Tenant. Acceptance by the Owner of rent
from anyone other than the Tenant shall not be deemed to operate as an attornment to the Owner by the payer of such rent or as a consent by the Owner to an assignment or subletting by the Tenant to the Demised Premises to such payer, or as a
modification of the provisions of this Lease. 
 46. LATE PAYMENT 
 If Tenant shall fail to pay any installment of rent, additional rent or other charges when first due hereunder (irrespective of any grace period as may be applicable thereto) and such payment was not
received in the office of the Owner’s Agent on or before the second day after notice such payment was due and was not received then interest at the rate of one and one half-percent (1-1/2%) per month for each month or portion of a month may be
charged on such sum not paid when first due and payable hereunder, and such interest shall be deemed to accrue as additional rent hereunder and shall be paid to Owner upon demand made from time to time, but in any event no later than the time of
payment of the delinquent sum. If such interest from time to time shall exceed the rate permitted under the laws of the State of New York to be charged on late payments of sums of money due pursuant to a lease, then the interest shall be reduced to
said legal maximum rate. Such late charge shall be without prejudice to any of Owner’s rights and remedies hereunder for nonpayment of rent and shall be in addition thereto. If Tenant shall submit to Owner a check which is dishonored for any
reason, Tenant shall pay to Owner as Additional Rent an additional $200.00 for Owner’s expenses, and all future payments required by Tenant under this lease shall be made by certified or bank check. 

47. RENT CONTROL 
 If the annual base
rental or any additional rent shall be or become uncollectible, reduced or required to be refunded by virtue of any law, governmental order or regulation, or direction of any public officer or body pursuant to law, Tenant shall within ten
(10) days of request enter into an agreement or agreements and take such other action as Owner may request, as may be legally permissible, to permit Owner to collect the maximum annual base rent and additional rent which may from time to time
during the continuance of such rent restriction be legally permissible, but not in excess of the amounts of annual base rent or additional rent payable under this Lease. Upon the termination of such rent restriction prior to the termination of the
term of this Lease, (a) the annual base rent and additional rent, after such termination, shall become payable under this Lease in the amount of the annual base rent and additional rent set forth in this Lease for the period following such
termination, and (b) Tenant shall pay to Owner, to the maximum extent legally permissible, an amount equal to (i) the annual base rent and additional rent which would have been paid pursuant to this Lease but for such rent restriction less
(ii) the annual base rent and additional rent paid by Tenant to Owner during the period that such rent restriction was in effect. This provision shall survive the expiration or earlier termination of this Lease to the maximum enforceable
extent. 
 48. TENANT’S SECURITY 
 Owner shall unless prohibited by law or by the general policies of lending institutions in New York City deposit the security in an interest-bearing account with a bank selected by Owner. All interest
which shall accrue on the security shall be held as additional security in accordance with this Lease. Owner shall be entitled to an administrative fee equal to the lesser (i) of 1% per year upon the security deposited by the Tenant and
(ii) the amount of interest earned that year on the security. 
 49. INTENTIONALLY OMITTED 

50. TENANT’S CLEANING 
 The Tenant
agrees to employ such office cleaning and maintenance contractor as the Owner may from time to time designate for all waxing, polishing and maintenance work in the Demised Premises above any cleaning services which may be provided by Owner pursuant
to this Lease. Such contractor shall be reputable and qualified and its charges for services shall be fair market. The Tenant shall not employ any other contractor or individual without the Owner’s prior written consent which consent shall be
in Owner’s sole discretion. Tenant recognizes that this provision is for the security of the Building. The foregoing shall not preclude Tenant or its employees from performing any of the foregoing work. In connection with all refuse, Tenant
agrees to comply with all governmental rules and regulations and reasonable rules of the building carter as to separation of refuse and other refuse recycling requirements and in connection therewith to pay for any required refuse bags. 

51. RESTRICTIONS ON USAGE 
 A. Tenant covenants and agrees that during the term of this Lease neither Tenant, assignee nor any subtenant (if the same are permitted pursuant to this Lease) will use as its name or as part of its name
(under which it conducts business) any name which, regardless of the spelling thereof, has the same or similar sound or meaning as the words

 
“MEDICAL CENTER”, “MEDICAL GROUP” or “MEDICAL TREATMENT CENTER”. 
 B. Notwithstanding anything to the contrary contained in this Lease, Tenant covenants and agrees that Tenant will not use the Demised Premises or any part thereof or permit the Demised Premises or any
part thereof to be used: 
  

	 	(a)	for retail banking, trust company or safe deposit business: 

  

	 	(b)	as or by a retail commercial or savings bank, as or by a trust company, as or by a savings and loan association, as or by a loan company or as or by a credit union;

  

	 	(c)	for the sale of traveler’s checks and/or foreign exchange; 

  

	 	(d)	as a restaurant and or bar, and/or for the sale of soda and/or beverages and/or food or sandwiches and or ice cream and/or baked goods; 

 

	 	(e)	as a diagnostic medical center and/or for the practice of medicine or health services; 

 

	 	(f)	as a school of any kind including but not limited to the teaching of or instructions or giving courses in either secretarial skills, and/or languages and/or the
operation of office equipment and/or business machines; 

  

	 	(g)	for telephone answering, messenger, photocopying, express mail services for other than Tenant; 

 

	 	(h)	as an employment, placement or recruiting agency or similar activity. 

 52. INDEMNIFICATION AND INSURANCE 
 Al all times during this Lease or any extension thereof,
Tenant must procure and maintain the following insurance coverage for the mutual benefit of Tenant and Owner. All carriers used must be rated at least A-VII by AM Best rating service. 

 

	I.	Workers Compensation and Employers Liability 

  

	(a)	Statutory Workers Compensation (including occupational disease) in accordance with time law and including applicable other states endorsement. 

 

	(b)	Employers Liability Insurance in accordance with State law. 

  

	II.	All Risk Property insurance with limits dedicated to the Demised Premises with respect to all of its personal property, including removable trade fixtures, located in
the Demised Premises and on all additions and improvements made by Tenant for replacement value and naming Owner as loss payee as their interests may appear. 

 

	 	(a)	Business interruption insurance (including rental value) in an annual aggregate amount equal to the estimated loss of business income from the Lease of the Property, up
to $1,000,000 including, without limitation, the loss of all Rents and additional Rents payable by all of the lessees under the Leases (whether or not such Leases are terminable in the event of a fire or casualty), such insurance to cover losses for
a period of the longer of (a) One (1) year after the date of the fire or causality in question or (b) the period from the time of loss until all repairs are should have been completed with reasonable diligence and dispatch, plus an
extended period of indemnity commencing at the time repairs are completed for a period of not less than 180 days and to be increased or decreased, as applicable, from time to time during the term of the Lease. 

 

	 	(b)	Tenant agrees to (i) release and waive the right of subrogation against Owner and/or any tenant of space in the building with respect to loss payable under such
policy or policies and/or (ii) agree that such policy or policies shall not be invalidated should the insured waive in writing prior to a loss any or all right of recovery against any party for losses covered by such policy or policies.

  

	 	(c)	During any substantial renovation by Tenant, all risk builders’ risk liability coverage on a replacement cost basis must be maintained by Tenant equal to the
replacement cost value of the building. The form of such coverage shall be subject to reasonable approval by the Owner and must insure the Owner as Owner’s interest may appear. 

 

	III.	Commercial General Liability (CGL) — written on an occurrence basis, utilizing standard unmodified coverage forms, with a per

 

  
 2 

	 	
location aggregate endorsement. Coverage under the CGL policy shall extend to any indemnity agreement entered into by the Tenant in connection with this Lease. The CGL coverage shall also provide
that any individual or entity that the Tenant is obligated to name as an additional insured shall automatically receive additional insured status under the CGL policy. In lieu of this provision, there shall be a specific endorsement on the policy
naming the required parties as unrestricted additional insureds. Additionally if Tenant is in the business of selling or serving liquor, Tenant must obtain liquor legal liability coverage in an amount and on a form subject to Owner’s reasonable
approval. 

 Additional lnsureds: Owner and all parties reasonably requested by Owner, including without limitation any interested
finance institutions or other parties having an interest in the property, shall be named as additional insureds. All coverage provided to the additional insured’s under Tenant’s overages shall be primary and non-contributory with coverage
independently carried by the additional insureds. 
 The policies cannot contain any provision that would preclude coverage for suits/claims
brought by an additional insured against a named insured. 
 The CGL coverage must provide for a total per occurrence and aggregate limit for
bodily injury and property damage of $2,000,000.00. This limit may be obtained through combining CGL and excess/umbrella policies. 
  

	IV.	INTENTIONALLY OMITTED 

  

	V.	Umbrella and/or excess liability policies used to comply with CGL and/or automobile liability limits shown above shall be warranted to be excess of limits provided by
primary CGL, automobile and employers liability. 

 Umbrella and/or excess liability policies used to comply with
CGL and/or automobile liability limits shown above shall include additional insureds as per CGL policy. 
 Umbrella and/or
excess liability policies used to comply with CGL and/or automobile liability limits shown above shall include Waiver of Subrogation in favor of all additional insureds. 

 

	VI.	EVIDENCE OF INSURANCE 

 Tenant agrees to deliver
to Owner on execution of this Lease and a duplicate original of Tenant’s insurance policies or a certificate of insurance evidencing the coverage maintained by Tenant. Each policy must provide that at least 15 days prior to the expiration date
thereof, Tenant shall deliver to Owner a fully paid renewal policy or certificate thereof. Each policy must provide that it may not be cancelled or modified unless Owner is given at least 20 days prior written notice by certified or registered mail
of such cancellation or modification. Tenant also agrees to deliver certificates of insurance required by Article 3 of the Lease to be maintained by Tenant’s contractors and subcontractors in reasonable amounts unless otherwise required
pursuant to Article 3. 
 If Tenant defaults in obtaining or delivering any such policy or policies or certificates thereof or fails to pay the
premiums therefor and such default continues beyond the expiration of the applicable notice and cure periods, Owner may (but shall not be required to) secure or pay for any such policy or policies and charge Tenant as additional rent therefor. Such
additional rent shall be payable by Tenant to Owner with the fixed rent then next accruing. If Tenant defaults in paying the same with interest to date of payment, Owner shall have the same rights and remedies on account thereof as it has with
respect to a default in the payment of the fixed rent, including summary proceedings. 
  

	VII.	INDEMNIFICATION 

 To the fullest extent
permitted by law, Tenant shall hold harmless, indemnify and defend the Owner against any and all claims, damages, liabilities, losses and expenses, including reasonable attorney’s fees arising out of or occasioned by, or in any way connected
with physical harm to person or property relating to the use of the demised premises. Nothing contained in this indemnity agreement shall be construed to require the Tenant to indemnify the Owner for any liability stemming from any act or omission
other than acts or omissions of the Tenant, its employees, agents or any independent contractors performing on its behalf. 
 53. COST AND
EXPENSES 
 All costs and expenses including reasonable attorneys’ fees incurred by Owner or Tenant in and about enforcing any of the
covenants and conditions of this Lease against the other shall be paid by the nonprevailing party to the extent included in any judgment rendered in

 
the prevailing party’s favor in any court of competent jurisdiction against the nonprevailing party. 
 54. INTENTIONALLY OMITTED 
 55. BROKER 

Owner and Tenant each covenants, warrants and represents that there was no broker except the managing agent JOSEPH P. DAY REALTY CORP. instrumental in
consummating this Lease and that no conversations or negotiations were had with any broker except the managing agent JOSEPH P. DAY REALTY CORP. concerning the renting of the premises. Owner and Tenant each agrees to hold the other harmless against
any claims for a brokerage commission arising out of any conversations or negotiations had by the indemnifying party with any broker except the managing agent JOSEPH P. DAY REALTY CORP. The provisions of this Article 55 shall survive the expiration
or earlier termination of this Lease. 
 56. CONSTRUCTION: GOVERNING LAW 
 If any of the provisions of this Lease or the application thereof to any person or circumstances, shall, to any extent, be invalid or unenforceable, the remainder of this Lease or the application of such
provision or provisions to persons or circumstances other than those as to whom or which it is held invalid or unenforceable shall not be affected thereby, and every provision of this Lease shall be valid and enforceable to the fullest extent
permitted by law. This Lease shall be governed in all respects by the laws of the State of New York. 
 57. ATTORNMENT 

Tenant agrees that if a superior lessor or a mortgagee shall enter into and become possessed of the real property of which the Demised Premises form a
part, or any part or parts of such real property either through possession or foreclosure action or proceedings, or through the issuance and delivery of a new lease of the premises covered by the Lease to the mortgagee, then, if this Lease is in
full force and effect at such time, Tenant shall attorn to the superior lessor or the mortgagee, as its Owner, if such superior lessor or such mortgagee requests Tenant to do so. In such event, such lessor or mortgagee shall not be liable to Tenant
for any defaults theretofore committed by Owner, and no such default shall give rise to any rights or offset or deduction against the rents payable under this Lease. However, Owner will remain liable therefor. If any superior lessor or any mortgagee
to which Tenant agrees to attorn, as aforesaid, reasonably requests a further instrument expressing such attornment, Tenant agrees to execute the same promptly. 
 58. TENANT’S CERTIFICATE 
 At any time and from time to time upon at least ten
(10) days’ prior written notice by the Owner to the Tenant, the Tenant shall without charge execute, acknowledge and deliver to the Owner a statement in writing, in recordable form, addressed to such party as the Owner may designate
prepared by the Owner or in form satisfactory to the Owner certifying any of the following information as may be requested (a) to Tenant’s actual knowledge after inquiry that this Lease is unmodified and in full force and effect (or if
there have been modifications, that the same is in full force and effect as modified and stating the modifications), (b) whether the term of the Lease has commenced and the rent and additional rent have become payable hereunder and, if so, the
dates to which they have been paid, (c) whether or not, to the actual knowledge of the Tenant after inquiry, the Owner is in default in the performance of any of the terms of this Lease and, if so, specifying each such default of which the
Tenant may have knowledge, (d) whether the Tenant has accepted possession of the Demised Premises, (e) whether the Tenant has made any uncollected claims against the Owner under this Lease and, if so, the nature thereof and the dollar
amount, if any, of such claims, (f) whether there exist any offsets or defenses against enforcement of any of the terms of this Lease upon the part of the Tenant to be performed and, if so, specifying the same and (g) such further
information with respect to the Lease or the Demised Premises as the Owner may reasonably request, it being intended that any such statement delivered pursuant hereto may be relied upon by any prospective purchaser of the Building or any part
thereof or of the interest of the Owner in any part thereof, by any mortgagee or prospective mortgagee thereof, by any lessor or prospective lessor thereof, by any lessee or any prospective lessee thereof or by any prospective assignee of any
mortgage thereof. 
 59. INTENTIONALLY OMITTED 
 60. TENANT’S REMEDIES 
 With respect to a request to perform any alterations or approve
plans and specifications therefor or for any sublease or assignment for which Owner’s consent or approval is required, Tenant in no event shall be entitled to make nor shall Tenant make, any claim (and Tenant hereby waives any such claim) for
money damages; nor shall Tenant claim any money damages by way set off, counterclaim or defense, based upon any claim or assertion by Tenant that Owner has unreasonably withheld or unreasonably delayed any consent or approval, but Tenant’s sole
remedy shall be an action or proceeding in equity to enforce any such provision or for specific performance, injunction or declaratory judgment. Tenant will not seek to consolidate any claim or counterclaim in any summary proceeding brought by Owner
for possession of the premises. 

 

  
 3 

 In the case of a claim by Tenant that Owner unreasonably withheld or delayed consent to a request to
perform any alterations or approve plans and specifications therefor or for any sublease or assignment. Owner and Tenant hereby agree that the following provisions shall apply: upon the written request of Tenant, the dispute either (i) shall be
submitted to the American Arbitration Association (the “Association”) for disposition pursuant to the “Expedited Procedures” of the Association, if available, or (ii) shall be submitted to the president of the Real Estate
Board of New York, Inc. who shall appoint a single arbitrator to decide the dispute; in the event said president refuses to do so, the dispute shall be resolved in accordance with clause (i). If the President of the Real Estate Board agrees to
appoint an arbitrator, he shall appoint the arbitrator within three days and the arbitrator will hold a hearing and decide the dispute within seven days of his appointment. The decision of the arbitrator shall be final, and all actions necessary to
implement the decision of the arbitrator shall be undertaken as soon as possible, but in no event later than ten (10) business days after the rendering of such decision. Judgment upon the decision or any award rendered may be entered in any
court having jurisdiction thereof. All fees payable to the Association or the Real Estate Board or the arbitrator for services rendered in connection with the resolution of the dispute shall be paid for by the party suffering the adverse decision of
the Association. For purpose of this Article, the phrase “Expedited Procedures of the Association” shall mean those procedures set forth in paragraphs 53 through 58 of that certain booklet published by the Association and titled
“Commercial Arbitration Rules”, as amended and in effect March 1, 1986. 
 61. ASSIGNMENT AND SUBLETTING 

(a) Tenant shall not, by operation of law or otherwise, assign, mortgage or encumber this Lease, nor sublet all or any part of the
Demised Premises or permit the Demised Premises or any part thereof to be used by others, without Owner’s prior written consent in each instance. The consent by Owner to any assignment or subletting in no way shall be construed to relieve
Tenant from obtaining Owner’s express written consent to any other or further assignment or subletting. 
 (b) If Tenant
requests Owner’s consent to the assignment of this Lease or the subletting of all of the Demised Premises, it shall submit in writing to Owner, at the time it requests such consent the following material relating to the proposed assignee or
subtenant: 
  

	 	(i)	the name and address; 

  

	 	(ii)	the terms and conditions of the proposed assignment or subletting; 

  

	 	(iii)	the nature and character of the business to be conducted in the Demised Premises; 

 

	 	(iv)	an executed copy of the assignment or sublease; 

  

	 	(v)	a deposit of $1,500 (or $2,500 if Tenant’s request is accompanied by plans) to be applied by Owner to fees and expenses incurred by Owner pursuant to subparagraph
(e)(iv) below, the unapplied balance of such deposit to be refunded by Owner to Tenant; 

  

	 	(vi)	a financial statement for the preceding two (2) years if it has been a business for that period; 

 

	 	(vii)	banking, financial and other credit information reasonably sufficient to enable Owner to determine the proposed assignee’s or subtenant’s financial
responsibility; and 

  

	 	(viii)	such other business or financial information reasonably requested by Owner within 10 business days after Owner has received items (i) through (vii) above.

 (c) If Tenant requests Owner’s consent to either (a) an assignment of lease other than in
connection with a merger or transfer of the equity or assets or Tenant or (b) a sublease of the entire demised premises for substantially the balance of the term of this lease, then Owner shall have the following option, exercisable by written
notice to Tenant within twenty (20) business days after Tenant’s aforesaid request for Owner’s consent and the furnishing of all requested information: 
 Owner may elect to terminate Tenant’s Lease on the effective date of the proposed assignment or sublease (or, if the effective date is not an identified calendar date, then 30 days after Owner gives
notice to Tenant that it is exercising this recapture right) and Owner shall execute and deliver an instrument releasing and discharging the Tenant from all obligations under this Lease accruing after the effective date of such proposed assignment
or sublease, and Tenant shall vacate and surrender possession of the entire Demised Premises in accordance with the Lease on or before said effective date.

 (d) If the Owner shall not exercise the foregoing option in subparagraph
(c) hereinabove within the time set forth above, its consent to the proposed assignment or subletting of all of the Demised Premises shall not be unreasonably withheld, provided, however, that it may withhold consent therein if in the
reasonable exercise of its judgment it determines that: 
  

	 	1.	The financial condition and/or general reputation of the proposed assignee or subtenant are not consistent with the extent of the obligations undertaken by the proposed
assignment or sublease. 

  

	 	2.	The proposed use of the Demised Premises is not appropriate for the Building or in keeping with the character of the existing tenancies or permitted by the
Tenant’s Lease. 

  

	 	3.	The nature of the occupancy of the proposed assignee or subtenant is not in accordance with the use provision of the Lease or will cause excessive density of employees
or traffic or make excessive demands on the Building’s services or facilities or be an assignment or sublease to a school or employment or placement agency. 

 

	 	4.	The Tenant proposes to assign or sublet to one who at the time is a Tenant in possession of premises in the Building of which the Demised Premises are a part.

  

	 	5.	Intentionally Omitted. 

  

	 	6.	Intentionally Omitted. 

  

	 	7.	The sublet is not for the entire Demised Premises. 

 (e) If Owner shall not exercise the option set forth in subparagraph (c) above within the time limit provided therefore and if Owner shall not have withheld its consent pursuant to subparagraph
(d) above, its consent to the proposed assignment or subletting shall not be withheld provided, however, that each of the following conditions first are complied with: 

 

	 	(i)	Tenant then shall not be in default under this Lease beyond the expiration of any applicable notice or cure period; 

 

	 	(ii)	The assignee shall execute an agreement, in form reasonably satisfactory to the Owner, whereby such proposed assignee prospectively assumes performance of Tenant’s
obligations under this Lease and shall become jointly and severally liable with the Tenant on a prospective basis for the performance thereof. The Subletting Agreement shall provide that it is expressly subject to the terms and provisions of the
Lease. 

  

	 	(iii)	A duplicate original of the instrument of assignment and assumption agreement or sublease duly executed by the appropriate party, shall be delivered to the Owner before
the assignee or subtenant shall be let into possession of the Demised Premises. 

  

	 	(iv)	Tenant shall pay any expense, including, but not limited to, reasonable attorneys’ fees and fees for financial investigation incurred in connection with the review
and/or preparation and/or execution of any documents submitted to Owner relating to the proposed assignment or subletting including preparation of the consent. This provision shall not apply if Owner elects to terminate the Lease pursuant to
subparagraph (c) herein. 

 (f) If the Owner shall give its consent to any assignment of this Lease or to
any sublease, Tenant, in consideration therefore, shall pay to Owner, as additional rent: 
  

	 	(i)	In the case of an assignment, an amount equal to 50% of all sums and other considerations paid to Tenant by the assignee for or by reason of such assignment (including,
but not limited to, sums paid for the sale of Tenant’s fixtures, leasehold improvements, equipment, furniture, furnishings or other personal property, less, in the case of a sale thereof, the then net undepreciated cost thereof determined on
the basis of Tenant’s Federal income tax returns) after first deducting therefrom broker commission(s), marketing costs and the cost of any allowances or other enticements; and 

 

	 	(ii)	In the case of a sublease, 50% of any rents, additional charges or other consideration payable under the sublease and related agreements to Tenant by the subtenant
which is in excess of the fixed annual rent and additional rent accruing during the term of the sublease pursuant to the terms of this Lease (including, but not limited to, sums paid for the sale or rental of Tenant’s fixtures, leasehold
improvements, equipment, furniture or other personal property, less, in the case of the sale thereof, the then undepreciated cost thereof determined on the basis of Tenant’s Federal income tax returns) after first deducting therefrom broker
commission(s), marketing costs and the cost of any allowances or other enticements. 

 The sums payable under this subparagraph
(f) shall be paid by Tenant to Owner as and when paid by the assignee or subtenant to Tenant. 

 

 

  
 4 

 (g) Each of the foregoing provisions and conditions shall apply to each and every further
assignment or subletting or subsubletting. An assignment of Lease or a subletting as above provided shall not discharge or release from liability under the Lease the Tenant or any other person, firm or corporation which previously shall have assumed
Tenant’s obligations hereunder, such liability to remain and continue for the balance of the term and any option to renew contained in the Lease with the same force and effect as though no assignment had been effected. 

(h) Any transfer or issuance of shares other than through a recognized exchange which shall cause in the aggregate fifty percent
(50%) or more of the stock of Tenant or any assignee to be owned by any party other than those parties who were Tenant’s shareholders or assignee’s shareholders on the date of execution of this Lease or the effective date of the
assignment shall be deemed an assignment of this Lease and shall require Owner’s prior written consent in accordance with this Article 61. Owner’s consent shall not be required for (1) an assignment or sublease to an affiliate and
(2) for an assignment in connection with a merger or sale of the Tenant’s equity or assets, provided Tenant shall give Owner prior notice thereof including the name, address and Federal identification number of any such sublessee or
assignee, a signed copy of any instrument of assignment or sublease and in the event of an assignment, assignee shall assume the obligations of Tenant under this Lease. An affiliate shall be deemed an entity controlled by, controlling or under
common control with Tenant. 
 (i) In the event that Owner exercises its option under subparagraph (c) above, Owner shall
have the absolute right to, and in no way shall be liable to Tenant if it shall, lease or further sublease the Demised Premises to Tenant’s prospective assignee or subtenant, as the case may be. 

(j) If Owner does not exercise its option and also withholds its consent to the proposed assignment or subletting and it is established
by a court or body having final jurisdiction thereover that Owner has been unreasonable, the only effect of such finding shall be that Owner shall be deemed to have given its consent; but Owner shall not be liable to Tenant in any respect for money
or compensatory damages by reason of withholding its consent. The expedited arbitration provisions of Article 60 shall apply. 

(k) INTENTIONALLY OMITTED. 
 (l) INTENTIONALLY OMITTED. 
 (m) No action or consent by Owner to listing of
names on the Building directory nor acceptance of rent from any party other than Tenant shall be deemed a consent to any assignment or sublease of the Demised Premises nor a waiver of any of the provisions hereof. 

(n) Provided that Tenant is not then in default under this Lease, Tenant may permit the use of up to three desks in the Demised
Premises by lawyers, accountants or persons in the financial industry with whom Tenant does business provided that the Demised Premises are not further demised, and that Tenant gives Owner prior notice thereof, including the name, address, social
security number or Federal identification number of any such individual or business entity and an executed copy of any instrument of sublease, license, or use. 
 62. END OF TERM 
 A. Provided that Tenant holds over in excess of 30 days,
Tenant hereby agrees to indemnify and save Owner harmless against all costs, expenses, claims, losses or liability resulting from delay by Tenant in surrendering the Demised Premises upon the expiration or earlier termination of this Lease,
(Tenant’s Holdover) including without limitation (i) any payment or rent concession which Owner may be required to make to any tenant obtained by Owner for all or any part of the Premises in order to induce such tenant not to terminate its
lease by reason of the holding-over by Tenant and (ii) the loss of the benefit of the bargain if any such tenant shall terminate its lease by reason of the holding-over by Tenant and (iii) any claims made by any succeeding tenant founded
on such delay. Such indemnity shall survive the expiration or earlier termination of this Lease. 
 B. Tenant agrees that
losses to Owner resulting from Tenant’s Holdover will be very substantial, exceed the amount of Fixed Annual Base Rent as adjusted and additional rent payable hereunder and be difficult of accurate measurement. Therefore, if Tenant shall fail
to vacate and surrender the Demised Premises as required hereunder, it shall he deemed a holdover Tenant on a month-to-month basis at a fixed monthly rent equal to one and one half times the monthly rate of all Fixed Annual Base Rent as adjusted and
additional rent payable for the last month of the term hereof. The collection of the aforesaid rent shall not act to limit Owner’s rights to institute summary proceedings to obtain possession or pursuant to this Article 62 or in the Lease or at
law, but any such rent collected will be non-refundable and shall be applied against any such damages. 
 C. Nothing in this
Article shall be construed as permitting Tenant to hold over in possession of the demised premises after expiration or termination of the term of this Lease. 
 63. EXHIBIT 
 Tenant acknowledges and agrees that the diagram of the Demised Premises
annexed hereto as Exhibit A has not been drawn to scale, is an approximation of the actual size and location of the space involved and is not meant to be a representation of the actual size and location of the space involved. Tenant has had the
opportunity to and has made such inspection of the leased premises as Tenant deems necessary.

 64. HEAD NOTES 
 The Article headings herein are only for convenience and are in no way to be construed as a part of the agreement or as a limitation on the scope of any provision thereof. 

65. RULES OF INTERPRETATION 
 For
purposes of this Lease, whenever the words “include”, “includes”, or “including” are used, they shall be deemed to be followed by the words “without limitation” and, whenever the circumstances or the context
requires, the singular shall be construed as the plural, the masculine shall be construed as the feminine an/or the neuter and vice versa. This Lease and any provisions therein shall be interpreted and enforced without the aid of any
presumption, canon, custom or rule of law requiring or suggesting construction against the party drafting or causing the drafting of the provision in question. 
 66. INTENTIONALLY OMITTED 
 67. DEPOSIT ON ACCOUNT OF OWNER’S EXPENSES

 In the event Tenant requests Owner’s consent for alterations under Article 3 of this Lease, the total cost of which will exceed
$100,000, Tenant will deposit with Owner at the time of making such request the sum of $1,500 (or $2,500 if Tenant’s request is accompanied by plans) to be applied by Owner in payment for out-of-pocket fees and expenses reasonably incurred by
Owner in the review of such request. Owner shall upon request, provide Tenant with a reasonably detailed accounting of how such funds have been spent. Any such funds not spent shall be returned to Tenant promptly after Tenant’s request.
Notwithstanding anything to the contrary contained herein, Tenant shall not be obligated to bear such fees and expenses or provide the funds therefor with respect to Tenant’s initial alterations. 

68. ELECTRICITY 
 Owner, at Owner’s
expense has distributed and will furnish electrical energy to or for the use of Tenant in the Premises on a rent inclusion basis. Owner shall provide during the term at least six watts per rentable square foot demand load excluding the Building
heating, ventilation and air conditioning system. There shall be no charge to Tenant for such electric energy by way of measuring the same on any meter or otherwise, such electric energy being included in Owner’s services which are covered by
the annual rental reserved hereunder. Tenant agrees that pending an electrical survey as provided in this Article, the fixed annual rental set forth on the first page of this Lease shall be increased by $13, 326.25 per annum (the
“Electrical Inclusion Factor”). Owner shall not be liable in any way to Tenant for any failure or defect in the supply or character of electric energy furnished to the Premises by reason of any requirement, act or omission of the public
utility servicing the Building with electricity or for any other reason not attributable to Owner or any of its agents, employees or contractors. Owner represents that all sections and methods described in Article 68 relating to the charges for
electricity above $13,326.25 represent a reasonable industry standard method and practice. 
 (A) The parties agree that although the charge for
the distribution and furnishing of electrical energy is included in the rent on a so-called “Rent Inclusion” basis, the value of such service may not be fully reflected in the rent. Accordingly, Tenant agrees that Owner may cause an
independent electrical consulting firm, selected by Owner, to make a final determination following the execution of this Lease, of the full value to Tenant of such services supplied by Owner. The consultant’s calculations and determinations of
the electric charge, hereafter referred to as “Electrical Inclusion Factor” shall be established by the consultant by the use of this agreed upon method: 
  

	 	(i)	The Seasonal Demand factor (KW) applicable to the rate structure for each item consuming electricity shall be arrived at by applying the Connected Load rating of each
item at 100% when related to Lighting, and applicable percentage factors for items related to Equipment; such quantity shall be adjusted by the power factor to arrive at the Demand Load. 

 

	 	(ii)	Seasonal Energy factor (KWH) applicable to the rate structure shall be arrived at by the method of applying the Connected Load rating of each item, multiplied by the
hours of its usage during seasonal monthly periods as reasonably determined by the consultant. 

  

	 	(iii)	All components of the service classification as billed to the Owner by the public utility or other supplier in effect on the date of execution of this Lease, or any
successor classification reflecting similar service, shall be utilized as the basis for the determination of the Electrical Inclusion Factor. Tenant shall pay for electricity consumed thereby as determined and evaluated from time to time by
Owner’s electrical consultant, such payment to be additional rent, and to be equal to what Tenant would pay for such consumption of electricity if it purchased that amount of electricity from the public utility servicing the Building under the
rate structure and/or classification as set forth in this section. 

 

  
 5 

 An additional component shall be added to the rate schedule hereafter referred to as “Electric Service
Charge” which shall reflect an adjustment to the rate schedule at the rate of one cent per KWH to compensate the Owner for its cost related to servicing the Electrical Inclusion Factor. 
 In no event shall the Electrical Inclusion Factor, as defined below, be decreased below $13,326.25 per annum. 
 (B) Subject to the provisions of subsections below, the parties agree that the sum of $13,326.25 per annum is included in the annual rental to cover the charge for electricity made available to Tenant in
the Premises (“Electrical Inclusion Factor”). If the public utility rate schedule for the supply of electric current to the Building shall be increased or decreased (using the rate in effect on the date of execution of this Lease as the
base rate), or if there occurs any other cost adjustment resulting in an increase or decrease in electric charges, the annual rental herein reserved shall be equitably adjusted for Tenant on a non-discriminatory basis, to reflect the increase or
decrease in the Electrical Inclusion Factor and Tenant agrees to pay Owner the new annual rental rate resulting from such adjustment of the Electrical Inclusion Factor. In no event, however, shall the Electrical Inclusion Factor be decreased below
the sum of $13,326.25 per annum. At the time of the execution of this Lease, the Electrical Inclusion Factor is an agreed upon figure, not necessarily representing the true value of electricity being supplied to the Premises. A survey may be made by
Owner’s consultant which shall incorporate methods for the determination of the Electrical Inclusion Factor pursuant to Section A. When said survey is completed and delivered to Tenant, the Electrical Inclusion Factor as set forth in said
survey shall become binding upon Tenant. 
 (C) If it shall be determined that the full value to Tenant of such service is in excess of
$13,326.25 per annum (such sum is referred to as the “Electrical Inclusion Factor”) this Lease shall be modified as of the survey date by increasing the Rent and the Electrical Inclusion Factor for the remaining Lease Term by an annual
amount equal to such excess. However, if it shall be so determined that the full value to Tenant of such service does not exceed the Electrical Inclusion Factor, this Lease shall be deemed modified and there shall be no increase or decrease in the
Rent or the Electrical Inclusion Factor by reason of such determination. If either the quantity or character of electrical service is changed by the public utility corporation supplying electrical service to the Building or is no longer available or
suitable for Tenant’s requirements, no such change, unavailability or unsuitability shall constitute an actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of rent, or relieve Tenant from any
of its obligations under this Lease, or impose any liability upon Owner, or its Agents, by reason of inconvenience or annoyance to Tenant, or injury to or interruption of Tenant’s business, or otherwise, except if electricity is not supplied
then Tenant will not have to pay the Electrical Inclusion Factor. 
 (D) Owner represents that the electrical feeder or riser capacity serving
the Premises on the Commencement Date is adequate to serve the lighting fixtures and electrical equipment (including technology and communication equipment) installed in the Premises initially by Tenant. Subject to the provisions of subsections of
this Lease, any additional feeders or risers to supply Tenant’s additional electrical requirements, and all other equipment proper and necessary in connection with such feeders or risers, shall be installed by Owner upon Tenant’s request,
at the sole cost and expense of Tenant, provided that, in Owner’s judgment, such additional feeders or risers are necessary and are permissible under applicable laws (including, without limitation, the New York State Energy Conservation Code)
and insurance regulations and the installation of such feeders or risers will not cause permanent damage or injury to the Building or the Premises or cause or create a dangerous or hazardous condition or entail excessive or unreasonable alterations
or interfere with or disturb other tenants or occupants of the Building. Tenant covenants that at no time shall the use of electrical energy in the Premises exceed the capacity of the existing feeders or wiring installations then serving the
Premises. Tenant shall not make or perform, or permit the making or performance of, any alterations to wiring installations or other electrical facilities in or serving the Premises or any additions to the business machines, office equipment or
other appliances in the premises which utilize electrical energy without the prior consent of Owner in each instance. 
 (E) Rate
Adjustment—If the cost to Owner of electricity shall have been, or shall be, increased from time to time by change in utility company’s electricity rates, charges, fuel adjustment, or service classification or by taxes or charges of any
kind imposed thereon, or for any other reason (“Electrical Change”), then the Electrical Inclusion Factor, which is a portion of the fixed annual rent, shall be increased in the same percentage. Any such percentage increase in the charge
to the Owner shall be computed by the application of an averaged monthly seasonal consumption (Demand and Energy) of electricity which shall reasonably reflect such consumption of the entire Building based on a period of twelve (12) full months
prior to the rate change, other change in cost, or any changed method of or rules on billing for same, on a consistent basis to the new rate and/or service classification. The following method of computation shall be employed in making the
percentage differential determination applicable to the Electrical Inclusion Factor.

	 	(i)	Owners bills from the public utility corporation providing electricity to the Building for the twelve (12) month period immediately preceding the Electrical Change
in question shall be averaged for demand and consumption (KW and KWH) and the rate structure in effect immediately prior to the Electrical Change in question shall be applied to the average demand and consumption factors of Owner’s billings for
the Building for said twelve (12) month period resulting in an agreed determination of the cost to Owner of electricity for the Building immediately prior to the Electrical Change in question; 

 

	 	(ii)	The new rate structure pursuant to which Owner is billed by the public utility corporation, i.e., the rate structure which includes the Electrical Change in question,
shall be applied to the average demand and consumption factors of Owner’s billings for the Building for said twelve (12) month period resulting in an agreed estimate of the cost to Owner by reason of the Electrical Change in question;

  

	 	(iii)	The difference in the costs determined pursuant to the foregoing subdivisions (i) and (ii) shall be deemed the amount of the estimated annual change in cost and
the amount of such estimated annual change in cost shall be divided by the cost determined pursuant to the foregoing subdivision (i); and 

  

	 	(iv)	The resulting quotient shall be applied to Tenant’s then current Electrical Inclusion Factor to produce the increase or decrease in the Rent and Electrical
Inclusion Factor. 

 Any increase in the rent related to rate increases shall he payable by Tenant from the date of effectiveness
of the revised rate schedule. In no event, however, shall the Electrical Inclusion Factor be decreased below the sum of $ 13,326.25. 
 (F)
INTENTIONALLY OMITTED. 
 (G) Owner reserves the right to discontinue furnishing electricity to Tenant in the Premises on not less than thirty
(30) days’ notice to Tenant. If Owner exercises such right to discontinue, or is compelled to discontinue furnishing electricity to Tenant, this Lease shall continue in full force and effect and shall be unaffected thereby, except only
that from and after the effective date of such discontinuance, Owner shall not be obligated to furnish electricity to Tenant and the Rent shall be reduced by an amount equal to the then Electrical Inclusion Factor. If Owner so discontinues
furnishing electricity to Tenant, Tenant shall arrange to obtain electricity directly from the public utility or other company servicing the Building. Such electricity may be furnished to Tenant by means of the then existing electrical facilities
serving the Premises to the extent that the same are available, suitable and safe for such purposes. All meters and all additional panel boards, feeders, risers, wiring and other conductors and equipment which may be required to obtain electricity,
of substantially the same quantity, quality and character, shall be installed by Owner: (a) at Owner’s expense, if Owner shall discontinue furnishing electricity to Tenant voluntarily or shall have been compelled to do so by reason of any
act or omission of Owner in violation of any law or rule or regulation; or (b) at Tenant’s expense, if Owner shall have been compelled to discontinue furnishing electricity to Tenant by reason of any act or omission of Tenant in violation
of any law, rule or regulation; or (c) at the equal expense of Owner and Tenant, if such discontinuance shall have been by compulsion of law or of any rule or regulation and not by reason of any act or omission of Owner or Tenant in violation
of any law or any rule or regulation. Owner shall not voluntarily discontinue furnishing electricity to Tenant unless it likewise discontinues furnishing electricity to all tenants of office space above the second floor of the Building or until
Tenant is able to receive electricity directly from the public utility or other company servicing the Building but Tenant shall upon notice from Owner proceed diligently to make provision so as to receive electricity directly. 

(H) Owner shall not be liable to Tenant in any way for any interruption, curtailment or failure, or defect in the supply or character of electricity
furnished to the Premises by reason of any requirement, act or omission of Owner or of any public utility or other company servicing the Building with electricity. 
 (I) The Electrical Inclusion Factor shall be subject to periodic adjustments upon the occurrence of any increase in Tenant’s electric connected load and/or usage subsequent to the initial or any
revised Electrical Inclusion Factor currently in effect, which was partially based on demand and usage factors as determined by Owner’s consultant. Owner may, at its option, from time to time, have its electric rate firm resurvey the Premises
and adjust the Electrical Inclusion Factor to reflect such changes, employing methods of determination as heretofore set forth within this Rider. In no event, however, shall the Electrical Inclusion Factor be decreased below the annual rate of
$3,326.25. 
 (J) In the event Tenant disagrees with the Electrical charges in this Article 68 as billed by Owner. Tenant shall nevertheless pay
the same as billed until the dispute has been resolved. If the same is subsequently reduced as hereinafter set forth, Tenant shall be allowed credit against rent for any overpayment. Within thirty days after Tenant receives

 

  
 6 

 
written notification of the results of a survey conducted by Owner, Tenant shall notify Owner that Tenant disagrees with the same. Owner on written request by Tenant will provide a copy of the
survey or other documentation prepared by Owner’s electrical consultant. Tenant’s electrical consultant shall have done electrical survey type of work in similar buildings in Manhattan for at least three years. Within another 30 days
Tenant’s electrical consultant will conduct its own electrical survey. Tenant’s electrical consultant (paid by Tenant) and Owner’s electrical consultant (paid by Owner) shall attempt to resolve the dispute. Owner agrees that
Tenant’s electrical consultant will perform a survey using reasonable industry standard methods and practices not necessarily described in this Lease. In the event Owner and Tenant are not able to resolve a dispute they shall select a third
electrical consultant (to be paid one half by Owner and one half by Tenant) whose determination shall be binding upon both parties and such determination shall be no greater than the higher of Owner’s or Tenant’s survey (the
“Ceiling”) and no lower then $13,326.25 per annum. 
 69. INTENTIONALLY OMITTED 

70. OWNER’S WORK 
 Tenant has
inspected the Demised Premises and accepts the same “as is” (subject to the provisions of this Lease) and Owner is required to do no work and furnish no materials for use in the Demised Premises. 

71. INTENTIONALLY OMITTED 
 72.
CASUALTY 
 Supplementing Article 9, if all or any part of the demised premises is damaged or rendered unusable by fire or other casualty,
Owners shall deliver to Tenant within 60 days of such fire or other casualty, a written estimate from Owner’s contractor of the time within which substantial restoration of the demised premises and access to the Building (i.e., substantial
completion of repairs to the demised premises or the portions thereof in which Owner has an insurable interest) will occur. If said contractor estimates the time as less than nine months from the date of the fire or other casualty, this Lease will
remain in full force and effect subject to the abatement of rent set forth herein unless Owner elects to demolish the Building as Permitted by Article 9 hereof. If said contractor reasonably estimates such time as greater than nine months from the
date of the fire or casualty, Tenant shall have the right to end the term of this Lease by notice to Owner within 10 business days after receipt of the contractor’s written estimate. If said estimate is less than nine months from the date of
the fire or other casualty (or if it is greater than nine months from the date of the fire or other casualty and Tenant has not elected to end the term of this Lease) and Owner fails or is unable to substantially restore the demised premises within
nine months of the date of such fire or other casualty (or such later date if the estimate was greater than nine months for substantial completion) Tenant shall have the right to end the term of this Lease upon 30 days’ notice to Owner at any
time following the expiration of said nine months or later period and prior to such substantial restoration whereupon the term of this Lease will end on the expiration of said 30 days unless the demised premises have been substantially restorted
prior to the end of said 30 days. 

 
 

  
 7 

 Liquid Holdings Group, LLC 
 800 Third Avenue, Portion of the 39th Floor 
 New York, New York 
 RENT SCHEDULE 
  

					
	 Portion of Lease Term
	  	Annual Rental	 
	 5/1/12—3/31/13
	  	$	306,802.04	  
	 4/1/13—3/31/14
	  	$	322,087.09	  
	 4/1/14—3/31/15
	  	$	330,139.26	  
	 4/1/15—3/31/16
	  	$	338,392.75	  
	 4/1/16—3/31/17
	  	$	346,852.56	  
	 4/1/17—3/31/18
	  	$	355,523.88	  
	 4/1/18—9/30/18
	  	$	364,411.97

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00215-of-00352.parquet"}]]