Document:

sing_ex101.htm

EXHIBIT 10.1
  
 SECURITIES PURCHASE AGREEMENT
  
 This Securities Purchase Agreement (this “Agreement”) is dated as of December 16, 2020, between Singlepoint Inc., a Nevada corporation (the “Company”), and the purchaser identified on the signature page hereto (including its successors and assigns, the “Purchaser”).
  
 WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 promulgated thereunder, the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company, securities of the Company as more fully described in this Agreement.
  
 NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Company and the Purchaser agrees as follows:
  
 ARTICLE I.
 DEFINITIONS
  
 1.1 Definitions. In addition to the terms defined elsewhere in this Agreement: (a) capitalized terms that are not otherwise defined herein have the meanings given to such terms in the Certificate of Designation (as defined herein), and (b) the following terms have the meanings set forth in this Section 1.1:
  
 “Acquiring Person” shall have the meaning ascribed to such term in Section 4.5.
  
 “Action” shall have the meaning ascribed to such term in Section 3.1(j).
  
 “Affiliate” means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act. 
  
 “Board of Directors” means the board of directors of the Company.
  
 “Business Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
  
 “Certificate of Designation” means the Certificate of Designation to be filed prior to the Closing by the Company with the Secretary of State of the State of Nevada, in the form of Exhibit A attached hereto.
  
 “Closing Date” means the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto in connection with the Closing, and, to the extent applicable, all conditions precedent to (i) the Purchaser’s obligations to pay the Subscription Amount as to the Closing and (ii) the Company’s obligations to deliver the Securities as to the Closing, in each case, have been satisfied or waived.
  
 	 
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 “Closing” means the closing of the purchase and sale of the Securities pursuant to Section 2.1, which shall occur on the Closing Date. The Closing will be for the purchase of four hundred (400) Preferred Shares at the purchase price of $400,000. 
  
 “Commission” means the United States Securities and Exchange Commission.
  
 “Commitment Shares” means eight (8) Preferred Shares issued upon the Closing as an equity incentive. 
  
 “Common Stock” means the common stock of the Company, par value $.0001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.
  
 “Common Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.
  
 “Company Counsel” means JMS Law Group, PLLC. 
  
 “Disclosure Schedules” shall have the meaning ascribed to such term in Section 3.1.
  
 “Dividend” means eight percent (8%) per annum of the stated value of any purchased Preferred Share, paid quarterly by the Company, and at the Company’s discretion, in cash or in Preferred Stock.
  
 “Evaluation Date” shall have the meaning ascribed to such term in Section 3.1(r). 
  
 “Event of Default” means any of the following events: (i) the suspension, cessation from trading or delisting of the Company’s Common Stock on the Principal Market for a period of four (4) consecutive trading days or more; (ii) the failure by the Company to timely comply with the reporting requirements of the Exchange Act (including applicable extension periods); (iii) the failure for any reason by the Company to issue Commitment Shares, Dividends or Conversion Shares to the Purchaser within the required time periods, provided no bona fide dispute exists; (iv) the Company breaches any material representation, warranty, covenant or other term of condition contained in the definitive agreements between the parties; (v) the Company files for Bankruptcy or receivership or any money judgment writ, liquidation or a similar process is entered by or filed against the Company for more than $50,000 and remains unvacated, unbonded or unstayed for a period of thirty (30) calendar days; (vi) any cessation of operations by the Company or failure by the Company to maintain any assets, intellectual, personal or real property or other assets which are necessary to conduct its business (vii) the Company shall lose the “bid” price for its Common stock on the Principal Market for two (2) consecutive trading days; or (viii) if at any time the Common Stock is no longer DWAC eligible for two (2) consecutive trading days.
  
 	 
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 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
  
 “FCPA” means the Foreign Corrupt Practices Act of 1977, as amended.
  
 “GAAP” means generally accepted accounting principles in the U.S.
  
 “Intellectual Property Rights” shall have the meaning ascribed to such term in Section 3.1(o).
  
 “Liens” means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.
  
 “Material Adverse Effect” shall have the meaning assigned to such term in Section 3.1(b).
  
 “Material Permits” shall have the meaning ascribed to such term in Section 3.1(m).
  
 “Person” means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.
  
 “Preferred Stock” means, four hundred and eight (408) shares of the Company’s Class B Preferred Stock issued hereunder having the rights, preferences and privileges set forth in the Certificate of Designation, in the form of Exhibit A hereto.
  
 “Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding, such as a deposition), whether commenced or threatened.
  
 “Purchaser Party” shall have the meaning ascribed to such term in Section 4.7.
  
 “Registration Statement” means any Registration Statement under which the shares of the Company’s common stock is registered.
  
 “Required Approvals” shall have the meaning ascribed to such term in Section 3.1(e).
  
 	 
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 “Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule.
  
 “Rule 424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule.
  
 “SEC Reports” shall have the meaning ascribed to such term in Section 3.1(g).
  
 “Securities” means the Preferred Stock or the common shares into which the Preferred Stock is converted. 
  
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
  
 “Short Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be deemed to include the location and/or reservation of borrowable shares of Common Stock).
  
 “Stated Value” means $1,200 per share of Class B Preferred Stock.
  
 “Subscription Amount” shall mean the aggregate amount to be paid for the Preferred Stock purchased hereunder as specified on the signature page under the heading “Subscription Amount,” in United States dollars and in immediately available funds.
  
 “Subsidiary” means any subsidiary of the Company as set forth on Schedule 3.1(a) and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.
  
 “Trading Day” means a day on which the principal Trading Market is open for trading.
  
 “Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, the OTCQB or the OTC Markets (or any successors to any of the foregoing).
  
 “Transaction Documents” means this Agreement, the Certificate of Designation, all exhibits and schedules thereto and hereto and any other documents or agreements executed in connection with the transactions contemplated hereunder.
  
 “Transfer Agent” means West Coast Stock Transfer, Inc. the current transfer agent of the Company, with a mailing address of 721 N. Vulcan Ave. Suite 106, Encinitas, CA 92024 and any successor transfer agent of the Company.
  
 	 
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 ARTICLE II.
 PURCHASE AND SALE
  
 2.1 Closing. Upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchaser agrees to purchase, four hundred (400) shares of Preferred Stock at price of $1,000 per share of Preferred Stock. The Purchaser shall deliver to the Company, via wire transfer immediately available funds equal to the Purchaser’s Subscription Amount as set forth on the signature page hereto executed by the Purchaser, and the Company shall deliver to the Purchaser such number of shares of the Preferred Stock purchased, as determined pursuant to Section 2.2(a) and the Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Closing shall occur at the offices of Company Counsel or such other location as the parties shall mutually agree. 
  
 2.2 Deliveries.
  
 (a) On or prior to the Closing Date (or as otherwise indicated below), the Company shall deliver or cause to be delivered to the Purchaser the following:
  
 (i) This Agreement duly executed by the Company; and a certificate evidencing four hundred and eight (408) shares of Preferred Stock, representing the Purchased Shares and the Commitment Shares; and
  
 (ii) An irrevocable letter of instruction to the Company’s Transfer Agent, instructing the Transfer Agent to maintain for the benefit of the Purchaser, Six Hundred One Million Nine Hundred Sixty Seven Thousand Two Hundred Fourteen (601,967,214) shares of its common stock and at all times thereafter three times (3x) the number of common shares needed to by the Purchaser to convert all shares of Preferred Stock held by the Purchaser. 
  
 (b) On or prior to the Closing Date, the Purchaser shall deliver or cause to be delivered to the Company, as applicable, the following:
  
 (i) This Agreement duly executed by the Purchaser; and
  
 (ii) the Purchaser’s Subscription Amount by wire transfer to the account specified in writing by the Company together with the subscription form attached as an Exhibit below. 
  
 	 
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 2.3 Closing Conditions.
  
 (a) The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:
  
 (i) the accuracy in all material respects on the applicable Closing Date of the representations and warranties of the Purchaser contained herein (unless as of a specific date therein in which case they shall be accurate as of such date);
  
 (ii) all obligations, covenants and agreements of the Purchaser required to be performed at or prior to the applicable Closing Date shall have been performed; and
  
 (iii) the delivery by the Purchaser of the items set forth in Section 2.2(b) of this Agreement.
  
 (b) The obligations of the Purchaser hereunder in connection with the Closing are subject to the following conditions being met:
  
 (i) the accuracy in all material respects when made and on the applicable Closing Date of the representations and warranties of the Company contained herein (unless as of a specific date therein);
  
 (ii) all obligations, covenants and agreements of the Company required to be performed at or prior to the applicable Closing Date shall have been performed;
  
 (iii) the delivery by the Company of the items set forth in Section 2.2(a) of this Agreement;
  
 (iv) there shall have been no Material Adverse Effect with respect to the Company since the date hereof; and
  
 (v) from the date hereof to the applicable Closing Date, trading in the Common Stock shall not have been suspended by the Commission or the Company’s principal Trading Market and, at any time prior to the applicable Closing Date, trading in securities generally as reported by Bloomberg L.P. shall not have been suspended or limited, or minimum prices shall not have been established on securities whose trades are reported by such service, or on any Trading Market, nor shall a banking moratorium have been declared either by the United States or New York State authorities nor shall there have occurred any material outbreak or escalation of hostilities or other national or international calamity of such magnitude in its effect on, or any material adverse change in, any financial market which, in each case, in the reasonable judgment of the Purchaser, makes it impracticable or inadvisable to purchase the Securities at the Closing, it being acknowledged that the COVID 19 pandemic not be included in the foregoing.
  
 	 
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 ARTICLE III.
 REPRESENTATIONS AND WARRANTIES
  
 3.1 Representations and Warranties of the Company. Except as set forth in the Disclosure Schedules, which Disclosure Schedules shall be deemed a part hereof and shall qualify any representation or otherwise made herein to the extent of the disclosure contained in the corresponding section of the Disclosure Schedules, the Company hereby makes the following representations and warranties to the Purchaser:
  
 (a) Subsidiaries. All of the direct and indirect subsidiaries of the Company are set forth on Schedule 3.1(a). The Company owns, directly or indirectly, all of the capital stock or other equity interests of each Subsidiary, and all of the issued and outstanding shares of capital stock of each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and similar rights to subscribe for or purchase securities. If the Company has no subsidiaries, all other references to the Subsidiaries or any of them in the Transaction Documents shall be disregarded.
  
 (b) Organization and Qualification. The Company and each of the Subsidiaries is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted. Neither the Company nor any Subsidiary is in violation nor default of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter documents. Each of the Company and the Subsidiaries is duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case may be, could not have or reasonably be expected to result in: (i) a material adverse effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect on the results of operations, assets, business, prospects or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii) a material adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”) and to the knowledge of the Company no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.
  
 (c) Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this Agreement and each of the other Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of this Agreement and each of the other Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company, the Board of Directors or the Company’s stockholders in connection herewith or therewith other than in connection with the Required Approvals. This Agreement and each other Transaction Document to which it is a party has been (or upon delivery will have been) duly executed by the Company and, when delivered in accordance with the terms hereof and thereof, will constitute the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.
  
 	 
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 (d) No Conflicts. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents to which it is a party, the issuance and sale of the Securities and the consummation by it of the transactions contemplated hereby and thereby do not and will not: (i) conflict with or violate any provision of the Company’s or any Subsidiary’s certificate or articles of incorporation, bylaws or other organizational or charter documents, (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, result in the creation of any Lien upon any of the properties or assets of the Company or any Subsidiary, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company or Subsidiary debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by which any property or asset of the Company or any Subsidiary is bound or affected, or (iii) subject to the Required Approvals, conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company or a Subsidiary is subject (including federal and state securities laws and regulations), or by which any property or asset of the Company or a Subsidiary is bound or affected; except in the case of each of clauses (ii) and (iii), such as could not have or reasonably be expected to result in a Material Adverse Effect.
  
 (e) Filings, Consents and Approvals. The Company has timely filed all quarterly and annual reports required to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “1934 Act”) (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial statements and schedules thereto and documents (other than exhibits to such documents) incorporated by reference therein, being hereinafter referred to herein as the “SEC Documents”). The Company has delivered to Purchaser true and complete copies of the SEC Documents, except for such exhibits and incorporated documents, and except as such Documents are available EDGAR filings on the SEC’s sec.gov website. As of their respective dates, the SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. None of the statements made in any such SEC Documents is, or has been, required to be amended or updated under applicable law (except for such statements as have been amended or updated in subsequent filings prior the date hereof). As of their respective dates, the financial statements of the Company included in the SEC Documents complied as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance with United States generally accepted accounting principles, consistently applied, during the periods involved and fairly present in all material respects the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the consolidated results of their operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). Except as set forth in the financial statements of the Company included in the SEC Documents, the Company has no liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business subsequent to September 30, 2020, and (ii) obligations under contracts and commitments incurred in the ordinary course of business and not required under generally accepted accounting principles to be reflected in such financial statements, which, individually or in the aggregate, are not material to the financial condition or operating results of the Company. The Company is subject to the reporting requirements of the 1934 Act. For the avoidance of doubt, filing of the documents required in this Section 3(g) via the SEC’s Electronic Data Gathering, Analysis, and Retrieval system (“EDGAR”) shall satisfy all delivery requirements of this Section 3(g).
  
 	 
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 The Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority or other Person in connection with the execution, delivery and performance by the Company of the Transaction Documents, other than: (i) the filings required pursuant to Section 4.4 of this Agreement, (ii) the notice and/or application(s) to each applicable Trading Market for the issuance and sale of the Securities, and (iii) such filings as are required to be made under applicable state and federal securities laws (collectively, the “Required Approvals”).
  
 (f) Issuance of the Securities. At Closing the Securities will be duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents. 
  
 (g) Capitalization. The capitalization of the Company is as set forth on Schedule 3.1(g), which Schedule 3.1(g) shall also include the number of shares of Common Stock owned beneficially, and of record, by Affiliates of the Company as of the date hereof. Except as set forth on Schedule 3.1(g), the Company has not issued any capital stock since its most recently filed periodic report under the Exchange Act, other than pursuant to the exercise of employee stock options under the Company’s stock option plans, the issuance of shares of Common Stock to employees pursuant to the Company’s employee stock purchase plans and pursuant to the conversion and/or exercise of Common Stock Equivalents outstanding as of the date of the most recently filed periodic report under the Exchange Act (“SEC Reports”). No Person has any right of first refusal, preemptive right, right of participation, or any similar right to participate in the transactions contemplated by the Transaction Documents. Except as set forth on Schedule 3.1(g) and except as a result of the purchase and sale of the Securities, there are no outstanding options, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire any shares of Common Stock, or contracts, commitments, understandings or arrangements by which the Company or any Subsidiary is or may become bound to issue additional shares of Common Stock or Common Stock Equivalents. The issuance and sale of the Securities will not obligate the Company to issue shares of Common Stock or other securities to any Person and will not result in a right of any holder of Company securities to adjust the exercise, conversion, exchange or reset price under any of such securities. All of the outstanding shares of capital stock of the Company are duly authorized, validly issued, fully paid and nonassessable, have been issued in compliance with all federal and state securities laws, and none of such outstanding shares was issued in violation of any preemptive rights or similar rights to subscribe for or purchase securities. No further approval or authorization of any stockholder, the Board of Directors or others is required for the issuance and sale of the Securities. There are no stockholders agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s stockholders.
  
 	 
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 (h) Intentionally omitted.
  
 (i) Intentionally omitted.
  
 (j) Litigation. To the knowledge of the Company there is no action, suit, inquiry, notice of violation, proceeding or investigation pending or, to the knowledge of the Company, threatened against or affecting the Company, any Subsidiary or any of their respective properties before or by any court, arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) (collectively, an “Action”) which (i) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Documents or the Securities or (ii) could, if there were an unfavorable decision, have or reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any Subsidiary, nor any director or officer thereof, is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. There has not been, and to the knowledge of the Company, there is not pending or contemplated, any investigation by the Commission involving the Company or any current or former director or officer of the Company. The Commission has not issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company or any Subsidiary under the Exchange Act or the Securities Act.
  
 (k) Labor Relations. To the knowledge of the Company no labor dispute exists or, to the knowledge of the Company, is imminent with respect to any of the employees of the Company, which could reasonably be expected to result in a Material Adverse Effect. None of the Company’s or its Subsidiaries’ employees is a member of a union that relates to such employee’s relationship with the Company or such Subsidiary, and neither the Company nor any of its Subsidiaries is a party to a collective bargaining agreement, and the Company and its Subsidiaries believe that their relationships with their employees are good. To the knowledge of the Company, no executive officer of the Company or any Subsidiary, is, or is now expected to be, in violation of any material term of any employment contract, confidentiality, disclosure or proprietary information agreement or non-competition agreement, or any other contract or agreement or any restrictive covenant in favor of any third party, and the continued employment of each such executive officer does not subject the Company or any of its Subsidiaries to any liability with respect to any of the foregoing matters. To its knowledge the Company and its Subsidiaries are in compliance with all material U.S. federal, state, local and foreign laws and regulations relating to employment and employment practices, terms and conditions of employment and wages and hours, except where the failure to be in compliance could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
  
 	 
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 (l) Compliance. To its knowledge, neither the Company nor any Subsidiary: (i) is in default under or in violation of (and no event has occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Company or any Subsidiary under), nor has the Company or any Subsidiary received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or violation has been waived) , (ii) is in violation of any judgment, decree or order of any court, arbitrator or other governmental authority, or (iii) is or has been in violation of any statute, rule, ordinance or regulation of any governmental authority, including without limitation all foreign, federal, state and local laws relating to taxes, other than tax payments related to payroll that are late, environmental protection, occupational health and safety, product quality and safety and employment and labor matters, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect. 
  
 (m) Regulatory Permits. The Company and the Subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits could not reasonably be expected to result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of any Material Permit.
  
 (n) Title to Assets. The Company and the Subsidiaries have good and marketable title in fee simple to all real property owned by them and good and marketable title in all personal property owned by them that is material to the business of the Company and the Subsidiaries, in each case free and clear of all Liens, except for (i) Liens as do not materially affect the value of such property and do not materially interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries and (ii) Liens for the payment of federal, state or other taxes, for which appropriate reserves have been made therefor in accordance with GAAP and, the payment of which is neither delinquent nor subject to penalties. Any real property and facilities held under lease by the Company and the Subsidiaries are held by them under valid, subsisting and enforceable leases with which the Company and the Subsidiaries are in compliance.
  
 	 
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 (o) Intellectual Property. To its knowledge the Company and the Subsidiaries have, or have rights to use, all patents, patent applications, trademarks, trademark applications, service marks, trade names, trade secrets, inventions, copyrights, licenses and other intellectual property rights and similar rights as described in the SEC Reports as necessary or required for use in connection with their respective businesses and which the failure to so have could have a Material Adverse Effect (collectively, the “Intellectual Property Rights”). To the knowledge of the Company, none of, and neither the Company nor any Subsidiary has received a notice (written or otherwise) that any of, the Intellectual Property Rights has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned, within two (2) years from the date of this Agreement. Neither the Company nor any Subsidiary has received, since the date of the latest audited financial statements included within the SEC Reports, a written notice of a claim or otherwise has any knowledge that the Intellectual Property Rights violate or infringe upon the rights of any Person, except as could not have or reasonably be expected to not have a Material Adverse Effect. To the knowledge of the Company, all such Intellectual Property Rights are enforceable and there is no existing infringement by another Person of any of the Intellectual Property Rights. The Company and its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of all of their intellectual properties, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
  
 (p) Insurance. The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage at least equal to the aggregate Subscription Amount. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.
  
 (q) Transactions with Affiliates and Employees. Except as set forth in the SEC Reports, none of the officers or directors of the Company or any Subsidiary and, to the knowledge of the Company, none of the employees of the Company or any Subsidiary is presently a party to any transaction with the Company or any Subsidiary (other than for services as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, providing for the borrowing of money from or lending of money to or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee, stockholder, member or partner, in each case in excess of $120,000 other than for: (i) payment of salary or consulting fees for services rendered, (ii) reimbursement for expenses incurred on behalf of the Company and (iii) other employee benefits, including stock option agreements under any stock option plan of the Company. Except as set forth on the SEC Reports, all employee salaries and contractor fees have been paid to date and no such amounts are outstanding or past due.
  
 	 
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 (r) Sarbanes-Oxley; Internal Accounting Controls. Except as may be disclosed in the SEC Reports, the Company and the Subsidiaries are in compliance with any and all applicable requirements of the Sarbanes-Oxley Act of 2002 that are effective as of the date hereof, and any and all applicable rules and regulations promulgated by the Commission thereunder that are effective as of the date hereof and as of each Closing Date. Except as disclosed in the SEC Reports, the Company and the Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company and the Subsidiaries have established disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and the Subsidiaries and designed such disclosure controls and procedures to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. The Company’s certifying officers have evaluated the effectiveness of the disclosure controls and procedures of the Company and the Subsidiaries as of the end of the period covered by the most recently filed periodic report under the Exchange Act (such date, the “Evaluation Date”). The Company presented in its most recently filed periodic report under the Exchange Act the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the Evaluation Date, there have been no changes in the internal control over financial reporting (as such term is defined in the Exchange Act) of the Company and its Subsidiaries that have materially affected, or is reasonably likely to materially affect, the internal control over financial reporting of the Company and its Subsidiaries.
  
 (s) Certain Fees. The Company has or shall engage a suitable Investment Banker in conjunction with the transaction contemplated herein. No brokerage or finder’s fees or commissions are or will be payable by the Company or any Subsidiary to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other Person with respect to the transactions contemplated by the Transaction Documents. The Purchaser shall have no obligation with respect to any fees or with respect to any claims made by or on behalf of other Persons for fees of a type contemplated in this Section that may be due in connection with the transactions contemplated by the Transaction Documents.
  
 	 
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 (t) Private Placement. Assuming the accuracy of the Purchaser’s representations and warranties set forth in Section 3.2, no registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Purchaser as contemplated hereby. The issuance and sale of the Securities hereunder does not contravene the rules and regulations of the Trading Market.
  
 (u) Investment Company. The Company is not, and is not an Affiliate of, and immediately after receipt of payment for the Securities, will not be or be an Affiliate of, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The Company shall conduct its business in a manner so that it will not become an “investment company” subject to registration under the Investment Company Act of 1940, as amended.
  
 (v) Registration Rights. No Person has any right to cause the Company to effect the registration under the Securities Act of any securities of the Company or any Subsidiary.
  
 (w) Listing and Maintenance Requirements. Except as disclosed, the Company has not in the twelve (12) months preceding the date hereof, received notice from any Trading Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance requirements of such Trading Market. The Company is and has no reason to believe that it will not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements.
  
 (x) [RESERVED] 
  
 (y) Disclosure. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, the Company confirms that neither it nor any other Person acting on its behalf has provided the Purchaser or its agents or counsel with any information that it believes constitutes or might constitute material, non-public information. The Company understands and confirms that the Purchaser will rely on the foregoing representation in effecting transactions in securities of the Company. All of the disclosure furnished by or on behalf of the Company to the Purchaser regarding the Company and its Subsidiaries, their respective businesses and the transactions contemplated hereby, including the Disclosure Schedules to this Agreement, is true and correct and does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. The press releases disseminated by the Company during the twelve months preceding the date of this Agreement taken as a whole do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made and when made, not misleading. The Company acknowledges and agrees that the Purchaser does not make and has not made any representations or warranties with respect to the transactions contemplated hereby other than those specifically set forth in Section 3.2 hereof.
  
 	 
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 (z) No Integrated Offering. Assuming the accuracy of the Purchaser’s representations and warranties set forth in Section 3.2, neither the Company, nor any of its Affiliates, nor any Person acting on its or their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause this offering of the Securities to be integrated with prior offerings by the Company for purposes of (i) the Securities Act which would require the registration of any such securities under the Securities Act, or (ii) any applicable shareholder approval provisions of any Trading Market on which any of the securities of the Company are listed or designated. 
  
 (aa) Tax Status. Except for matters that would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect, the Company and its Subsidiaries each (i) has made or filed all United States federal, state and local income and all foreign income and franchise tax returns, reports and declarations required by any jurisdiction to which it is subject, (ii) has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined to be due on such returns, reports and declarations and (iii) has set aside on its books provision reasonably adequate for the payment of all material taxes for periods subsequent to the periods to which such returns, reports or declarations apply. To its knowledge there are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company or of any Subsidiary know of no basis for any such claim. Immediately after closing of this transaction, the Company covenants to pay to the Past Due Taxes.
  
 (bb) No General Solicitation. Neither the Company nor any person acting on behalf of the Company has offered or sold any of the Securities by any form of general solicitation or general advertising. The Company has offered the Securities for sale only to the Purchaser.
  
 (cc) Foreign Corrupt Practices. Neither the Company nor any Subsidiary, nor to the knowledge of the Company or any Subsidiary, any agent or other person acting on behalf of the Company or any Subsidiary, has: (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company or any Subsidiary (or made by any person acting on its behalf of which the Company is aware) which is in violation of law or (iv) violated in any material respect any provision of FCPA.
  
 	 
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 (dd) Accountants. The Company’s accounting firm is set forth on Schedule 3.1(dd) of the Disclosure Schedules. To the knowledge and belief of the Company, such accounting firm: (i) is a registered public accounting firm as required by the Exchange Act and (ii) shall express its opinion with respect to the financial statements to be included in the Company’s Annual Report for the fiscal year ending December 31, 2019.
  
 (ee) Acknowledgment Regarding Purchaser’s Purchase of Securities. The Company acknowledges and agrees that the Purchaser is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that the Purchaser is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by the Purchaser or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchaser’s purchase of the Securities. The Company further represents to the Purchaser that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives. 
  
 (ff) Acknowledgment Regarding Purchaser’s Trading Activity. Anything in this Agreement or elsewhere herein to the contrary notwithstanding, it is understood and acknowledged by the Company that: (i) the Purchaser has not been asked by the Company to agree, nor has the Purchaser agreed, to desist from purchasing or selling, securities of the Company, or “derivative” securities based on securities issued by the Company or to hold the Securities for any specified term, (ii) past or future open market or other transactions by the Purchaser, specifically including, without limitation, “derivative” transactions, before or after a closing of this or future private placement transactions, may negatively impact the market price of the Company’s publicly-traded securities (iii) Omitted, and (iv) the Purchaser shall not be deemed to have any affiliation with or control over any arm’s length counter-party in any “derivative” transaction. 
 
  
 (gg) Regulation M Compliance. The Company has not, and to its knowledge no one acting on its behalf has, (i) taken, directly or indirectly, any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of any of the Securities, (ii) sold, bid for, purchased, or paid any compensation for soliciting purchases of, any of the Securities, or (iii) paid or agreed to pay to any Person any compensation for soliciting another to purchase any other securities of the Company, other than, in the case of clauses (ii) and (iii), compensation paid to the Company’s placement agent in connection with the placement of the Securities.
  
 (hh) Reserved.
  
 
 
 	 
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 (ii) Stock Option Plans. Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects. 
  
 (jj) Office of Foreign Assets Control. Neither the Company nor any Subsidiary nor, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company or any Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”).
  
 (kk) U.S. Real Property Holding Corporation. The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.
  
 (ll) Bank Holding Company Act. To its knowledge, neither the Company nor any of its Subsidiaries or Affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). Neither the Company nor any of its Subsidiaries or Affiliates owns or controls, directly or indirectly, five percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five percent or more of the total equity of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve. Neither the Company nor any of its Subsidiaries or Affiliates exercises a controlling influence over the management or policies of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve.
  
 (mm) Money Laundering. To its knowledge, the operations of the Company and its Subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, applicable money laundering statutes and applicable rules and regulations thereunder (collectively, the “Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any Subsidiary with respect to the Money Laundering Laws is pending or, to the knowledge of the Company or any Subsidiary, threatened.
  
 
 
 	 
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 3.2 Representations and Warranties of the Purchaser. The Purchaser hereby represents and warrants as of the date hereof and as of the Closing Dates to the Company as follows (unless as of a specific date therein):
  
 (a) Organization; Authority. The Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction Documents and performance by the Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of the Purchaser. Each Transaction Document to which it is a party has been duly executed by the Purchaser, and when delivered by the Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation of the Purchaser, enforceable against it in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.
  
 (b) Own Account. The Purchaser understands that the Securities are “restricted securities” and have not been registered under the Securities Act or any applicable state securities law and is acquiring the Securities as principal for its own account and not with a view to or for distributing or reselling such Securities or any part thereof in violation of the Securities Act or any applicable state securities law, has no present intention of distributing any of such Securities in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of such Securities in violation of the Securities Act or any applicable state securities law (this representation and warranty not limiting the Purchaser’s right to sell the Securities pursuant to the Registration Statement or otherwise in compliance with applicable federal and state securities laws). 
  
 (c) Purchaser Status. At the time the Purchaser was offered the Securities, it was, and as of the date hereof it is and on each date on which it converts any shares of Preferred Stock, either: (i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.
  
 (d) Experience of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.
  
 
 
 	 
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 (e) General Solicitation. The Purchaser is not purchasing the Securities as a result of any advertisement, article, notice or other communication regarding the Securities published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.
  
 The Company acknowledges and agrees that the representations contained in Section 3.2 shall not modify, amend or affect the Purchaser’s right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties contained in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement or the consummation of the transaction contemplated hereby.
  
 ARTICLE IV.
 OTHER AGREEMENTS OF THE PARTIES
  
 4.1 Transfer Restrictions.
  
  
 (a) The Securities may only be disposed of in compliance with state and federal securities laws. As a condition of transfer, any such transferee shall agree in writing to be bound by the terms of this Agreement and shall have the rights and obligations of the Purchaser under this Agreement.
  
 (b) The Purchaser agrees to the imprinting, so long as is required by this Section 4.1, of a legend on any of the Securities in the following form:
  
 THIS SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY MAY BE PLEDGED (ONLY FOR THE SHARES OF COMMON STOCK UNDERLYING THIS CLASS OF PREFERRED STOCK) IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.
  
 Solely to an affiliate of the Purchaser, the Company acknowledges and agrees that the Purchaser may from time to time pledge pursuant to a bona fide margin agreement with a registered broker-dealer or grant a security interest in some or all of the Securities to a financial institution that is an “accredited investor” as defined in Rule 501(a) under the Securities Act and who agrees to be bound by the provisions of this Agreement and, if required under the terms of such arrangement, the Purchaser may transfer pledged or secured Securities to the pledgees or secured parties. Such a pledge or transfer would not be subject to approval of the Company and no legal opinion of legal counsel of the pledgee, secured party or pledgor shall be required in connection therewith. Further, no notice shall be required of such pledge. At the appropriate Purchaser’s expense, the Company will execute and deliver such reasonable documentation as a pledgee or secured party of Securities may reasonably request in connection with a pledge or transfer of the Securities, including, if the Securities are registered under a registration statement, the preparation and filing of any required prospectus supplement under Rule 424(b)(3) under the Securities Act or other applicable provision of the Securities Act to appropriately amend the list of selling stockholders thereunder.
  
 
 
 	 
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 4.2 Acknowledgment of Dilution of Voting Power. The Company acknowledges that the issuance of the Securities will result in dilution of the voting power of the outstanding shares of Common Stock, which dilution will be substantial. 
  
 4.3 Integration. The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2 of the Securities Act) that would be integrated with the offer or sale of the Securities in a manner that would require the registration under the Securities Act of the sale of the Securities or that would be integrated with the offer or sale of the Securities for purposes of the rules and regulations of any Trading Market such that it would require shareholder approval prior to the closing of such other transaction unless shareholder approval is obtained before the closing of such subsequent transaction.
  
 4.4 Securities Laws Disclosure; Publicity. The Company and the Purchaser shall consult with each other in issuing any other press releases with respect to the transactions contemplated hereby including for the initial press release pursuant to Section 4.8, and neither the Company nor the Purchaser shall issue any such press release nor otherwise make any such public statement without the prior consent of the Company, with respect to any press release of the Purchaser, or without the prior consent of the Purchaser, with respect to any press release of the Company, which consent shall not unreasonably be withheld or delayed, except if such disclosure is required by law, in which case the disclosing party shall promptly provide the other party with prior notice of such public statement or communication. Notwithstanding the foregoing, the Company shall not publicly disclose the name of the Purchaser, or include the name of the Purchaser in any filing with the Commission or any regulatory agency or Trading Market, without the prior written consent of the Purchaser, except: (a) as required by federal securities law in connection with the filing of final Transaction Documents with the Commission and (b) to the extent such disclosure is required by law or Trading Market regulations, in which case the Company shall provide the Purchaser with prior notice of such disclosure permitted under this clause (b).
  
 4.5 Shareholder Rights Plan. No claim will be made or enforced by the Company or, with the consent of the Company, any other Person, that the Purchaser is an “Acquiring Person” under any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or similar anti-takeover plan or arrangement in effect or hereafter adopted by the Company, or that the Purchaser could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Securities under the Transaction Documents or under any other agreement between the Company and the Purchaser.
  
 
 
 	 
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 4.6 Non-Public Information. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, the Company covenants and agrees that neither it, nor any other Person acting on its behalf, will provide the Purchaser or its agents or counsel with any information that the Company believes constitutes material non-public information, unless prior thereto the Purchaser shall have entered into a written agreement with the Company regarding the confidentiality and use of such information. The Company understands and confirms that the Purchaser shall be relying on the foregoing covenant in effecting transactions in securities of the Company.
  
 4.7 Indemnification of Purchaser. Subject to the provisions of this Section 4.7, the Company will indemnify and hold the Purchaser and their respective directors, officers, shareholders, members, partners, employees and agents (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title or any other title), each Person who controls the Purchaser (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, shareholders, agents, members, partners or employees (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title or any other title) of such controlling persons (each, a “Purchaser Party”) harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in settlements, court costs and reasonable attorneys’ fees and costs of investigation that any such Purchaser Party may suffer or incur as a result of or relating to (a) any material breach of any of the representations, warranties, covenants or agreements made by the Company in this Agreement or in the other Transaction Documents or (b) any action instituted against the Purchaser Party in any capacity, or any of them or their respective Affiliates, by any stockholder of the Company who is not an Affiliate of such Purchaser Party, with respect to any of the transactions contemplated by the Transaction Documents (unless such action is based upon a breach of such Purchaser Party’s representations, warranties or covenants under the Transaction Documents or any agreements or understandings such Purchaser Party may have with any such stockholder or any violations by such Purchaser Party of state or federal securities laws or any conduct by such Purchaser Party which constitutes fraud, gross negligence, willful misconduct or malfeasance). If any action shall be brought against any Purchaser Party in respect of which indemnity may be sought pursuant to this Agreement, such Purchaser Party shall promptly notify the Company in writing, and the Company shall have the right to assume the defense thereof with counsel of its own choosing reasonably acceptable to the Purchaser Party. Any Purchaser Party shall have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Purchaser Party except to the extent that (i) the employment thereof has been specifically authorized by the Company in writing, (ii) the Company has failed after a reasonable period of time to assume such defense and to employ counsel or such defense once started is subsequently delayed owing to lack of timely payment by the Company of legal fees and expenses or (iii) in such action there is, in the reasonable opinion of counsel, a material conflict on any material issue between the position of the Company and the position of such Purchaser Party, in which case the Company shall be responsible for the reasonable fees and expenses of no more than one such separate counsel. The Company will not be liable to any Purchaser Party under this Agreement (y) for any settlement by a Purchaser Party effected without the Company’s prior written consent, which shall not be unreasonably withheld or delayed; or (z) to the extent, but only to the extent that a loss, claim, damage or liability is attributable to any Purchaser Party’s breach of any of the representations, warranties, covenants or agreements made by such Purchaser Party in this Agreement or in the other Transaction Documents. The indemnification required by this Section 4.7 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or are incurred. The indemnity agreements contained herein shall be in addition to any cause of action or similar right of any Purchaser Party against the Company or others and any liabilities the Company may be subject to pursuant to law.
  
 
 
 	 
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 4.8 Certain Transactions and Confidentiality. The Purchaser, covenants that neither it, nor any Affiliate acting on its behalf or pursuant to any understanding with it will (i) execute any Short Sales, of any of the Company’s securities during the period commencing with the execution of this Agreement and ending at such time that the transactions contemplated by this Agreement are first publicly announced pursuant to the initial press release as described in Section 4.4 or (ii) from the date hereof until the earlier of the 12 month anniversary of the date hereof and the date that the Preferred Stock is no longer outstanding, execute any Short Sales of the Common Stock (a “Prohibited Short Sale”). The Purchaser covenants that until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company pursuant to the initial press release as described in Section 4.4, the Purchaser will maintain the confidentiality of the existence and terms of this transaction and the information included in the Transaction Documents and the Disclosure Schedules. Notwithstanding the foregoing, and notwithstanding anything contained in this Agreement to the contrary, the Company expressly acknowledges and agrees that (i) the Purchaser does not make any representation, warranty or covenant hereby that it will not engage in effecting transactions in any securities of the Company after the time that the transactions contemplated by this Agreement are first publicly announced pursuant to the initial press release as described in Section 4.4, and (ii) the Purchaser shall have no duty of confidentiality to the Company or its Subsidiaries after the issuance of the initial press release as described in Section 4.4. 
  
 4.9 Form D; Blue Sky Filings. The Company agrees to timely file a Form D with respect to the Securities as required under Regulation D and to provide a copy thereof, promptly upon request of the Purchaser. The Company shall take such action as the Company shall reasonably determine is necessary in order to obtain an exemption for, or to qualify the Securities for, sale to the Purchaser under applicable securities or “Blue Sky” laws of the states of the United States, and shall provide evidence of such actions promptly upon request of the Purchaser.
  
 4.10 Redemption. 
  
 
 
 	 
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 The Company shall have the right to redeem the Securities, in accordance with the following schedule:
 
     
 	  
	 i. 
	 If all of the Securities are redeemed within ninety (90) calendar days from the issuance date thereof, the Company shall have the right to redeem the Securities upon three (3) business days’ of written notice at a price equal to one hundred and fifteen percent (115%) of the Stated Value together with any accrued but unpaid dividends;

	  
	  
	  

	  
	 ii. 
	 If all of the Securities are redeemed after ninety (90) calendar days and within one hundred twenty (120) calendar days from the issuance date thereof, the Company shall have the right to redeem the Securities upon three (3) business days of written notice at a price equal to one hundred and twenty percent (120%) of the Stated Value together with any accrued but unpaid dividends; and

	  
	  
	  

	  
	 iii. 
	 If all of the Securities are redeemed after one hundred and twenty (120) calendar days and within one hundred eighty (180) calendar days from the issuance date thereof, the Company shall have the right to redeem the Securities upon three (3) business days of written notice at a price equal to one hundred and twenty five percent (125%) of the Stated Value together with any accrued but unpaid dividends.

	  
	  
	  

	  
	 iv. 
	 The Company shall redeem each Purchased Share of preferred stock on the date that is One (1) Calendar year from the issuance of the relevant Purchased Share at an amount equaling the sum of the Stated Value and all accrued but unpaid dividends and all other amounts due pursuant to the Certificate of Designation. 

 
 
 
 
 
  
 4.11 Dividends The Company shall pay a dividend of eight percent (8%) per annum on any purchased Preferred Shares, for as long as the relevant Preferred Shares have not been redeemed or converted. Dividends shall be paid quarterly, and at the Company’s discretion, in cash or Preferred Stock calculated at the purchase price. 
  
 4.12 Registration Rights The Purchased Shares shall carry registration rights as described in the Certificate of Designation. 
  
 4.13 Event of Default Following any Event of Default, all outstanding Purchased Shares shall come immediately due for redemption and the redemption amount shall accrue interest at the lesser of (a) 18% per annum or (b) the maximum legal rate. Redemption following an Event of Default shall occur at an amount equaling: one hundred and thirty five percent (135%), multiplied by the sum of the Stated Value, all accrued but unpaid dividends and all other amounts due pursuant to the Certificate of Designation for all Purchased Shares.
  
 
 	 
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 ARTICLE V.
 MISCELLANEOUS
  
 5.1 Termination. This Agreement may be terminated by the Purchaser, as to the Purchaser’s obligations hereunder, if the Closing has not been consummated within five (5) Business Days of the date hereof; provided, however, that such termination will not affect the right of any party to sue for any breach by any other party (or parties).
  
 5.2 Fees and Expenses. Except as expressly set forth in the Transaction Documents to the contrary, each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company shall pay all Transfer Agent fees (including, without limitation, any fees required for same-day processing of any instruction letter delivered by the Company), stamp taxes and other taxes and duties levied in connection with the delivery of any Securities to the Purchaser.
  
 5.3 Entire Agreement. The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding of the parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.
  
 5.4 Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto at or prior to 5:30 p.m. (New York City time) on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (c) the second (2nd) Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.
  
 5.5 Amendments; Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Company and the holders of at least 75% in interest of the Series B Preferred Stock then outstanding or, in the case of a waiver, by the party against whom enforcement of any such waived provision is sought. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right.
  
 5.6 Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.
  
 
 	 
	24
	

	 

 
 
 
 
 
 
 
  
 5.7 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Purchaser (other than by merger). The Purchaser may assign any or all of its rights under this Agreement to any Person to whom the Purchaser assigns or transfers any Securities, provided that such transferee agrees in writing to be bound, with respect to the transferred Securities, by the provisions of the Transaction Documents that apply to the “Purchaser.”
  
 5.8 No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as otherwise set forth in Section 4.7 and this Section 5.8.
  
 5.9 Governing Law. All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall be governed by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state or federal courts sitting in the Borough of Manhattan, New York, New York Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the Borough of Manhattan, New York, New York for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. If either party shall commence an action, suit or proceeding to enforce any provisions of the Transaction Documents, then, in addition to the obligations of the Company under Section 4.7, the prevailing party in such action, suit or proceeding shall be reimbursed by the other party for its reasonable attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.
  
 5.10 Survival. The representations and warranties contained herein shall survive each Closing and the delivery of the Securities. 
  
 5.11 Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.
  
 
 	 
	25
	

	 

 
 
 
 
 
 
 
  
 5.12 Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.
  
 5.13 Rescission and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then the Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights.
  
 5.14 Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Securities.
  
 5.15 Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Purchaser and the Company will be entitled to specific performance under the Transaction Documents. The parties agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations contained in the Transaction Documents and hereby agree to waive and not to assert in any action for specific performance of any such obligation the defense that a remedy at law would be adequate.
  
 5.16 Payment Set Aside. To the extent that the Company makes a payment or payments to the Purchaser pursuant to any Transaction Document or the Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.
  
 
 	 
	26
	

	 

 
 
 
 
 
 
 
  
 5.17 Liquidated Damages. The Company’s obligations to pay any partial liquidated damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid partial liquidated damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial liquidated damages or other amounts are due and payable shall have been canceled.
  
 5.18 Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next succeeding Business Day.
  
 5.19 Construction. The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of the Transaction Documents or any amendments thereto. In addition, each and every reference to share prices and shares of Common Stock in any Transaction Document shall be subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.
  
 5.20 WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY. 
  
 (Signature Pages Follow)
  
 
 	 
	27
	

	 

 
 
 
 
 
 
 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.
  
  
 
 	 SINGLEPOINT INC.
	 Address for Notice:

	  
	  
	  

	 By:
	  
	  

	 Name: 
	  
	  

	 Title:
	 Chief Executive Officer 
	  

	  
	  
	  

	 With a copy to (which shall not constitute notice):
	  

	  
	  

	 Attn: 
	  

	 Email:
	  

 
 
 
 
 
 
 
 
  
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
 SIGNATURE PAGE FOR PURCHASER FOLLOWS]
  
 
 	 
	28
	

	 

 
 
 
 
 
 
 
  
 [PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]
  
 IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.
  
 Name of Purchaser:
  
 Signature of Authorized Signatory of Purchaser: __________________________
  
 Name of Authorized Signatory: 
  
 Title of Authorized Signatory: 
  
 Address for Notice to Purchaser:
  
  
 Address for Delivery of Securities to Purchaser (if not same as address for notice):
  
  
 Facsimile Number: 
  
 Subscription Amount: $
   
Subscription Date:
  
 Shares of Preferred Stock: 
  
 
 	 
	29
	

	 

 
 
 
 
 
 
 
  
 Exhibit A
  
 Certificate of Designation
  
 
 	 
	30
	

	 

 
 
 
 
 
 
 
  
 [list of Disclosure Schedules: content to be provided by Company]:
  
 (please read each section for specific content, topic below listed for convenience only)
   
 Schedule 3.1(a) - subsidiaries
  
 Schedule 3.1(g) - capitalization
  
 Schedule 3.1(dd) - accountants
  
 
 	 
	31
	

	 

 
 
 
 
 
 
 
  
 
 
 
 FORM OF CLOSING NOTICE
  
 TO: 
  
 DATE: ___________________
  
 We refer to the Securities Purchase Agreement, dated December 16,2020 (the “Agreement”), entered into by and between Singlepoint Inc., and you. Capitalized terms defined in the Agreement shall, unless otherwise defined herein, have the same meaning when used herein.
  
 We hereby:
  
 1) Give you notice that we require you to purchase _____ shares of Class B Preferred Stock; and
  
 2) The purchase price per share, pursuant to the terms of the Agreement, is $1,000; and
  
 3) Certify that, as of the date hereof, the conditions set forth in Section 2.3 of the Agreement, as related to the obligations of the Company, are satisfied.
  
 Closing will occur in accordance with the terms and conditions of Section 2 of the Agreement.
  
  
 	 	SINGLEPOINT INC.	
	 	 	 	 
		By:		
	  
	 Name:  
		 
	 	Title: 		 

 
 
 
 
 
  
  
 
 	 
	32
	

	 

 
 
 
 
 
 
 
  
 
 
 Schedule 3.1(a)
  
 As of the date hereof, Singlepoint Inc., a Nevada corporation, has the following owned subsidiaries:
  
 Singlepoint Direct Solar LLC
 Discount Garden Supply, Inc.
 ShieldSaver, LLC
 1606 Hemp, Inc.
  
 
 	 
	33
	

	 

 
 
 
 
 
 
 
  
 Schedule 3.1(g)
  
 As of the date hereof, Singlepoint Inc., a Nevada corporation, has the following capitalization of its officers and directors:
 
    
 	  
	  
	 Common
	  
	  
	 Series A 
 Preferred
	  

	  
	  
	  
	  
	  
	  
	  

	 W. Ralston
	  
	  
	21,969,300	  
	  
	  
	9,375,000	  

	 G. Lambrecht
	  
	  
	7,565,864	  
	  
	  
	32,230,000	  

	 E. Lofdahl 
	  
	  
	15,286,498	  
	  
	  
	10,785,000	  

	 C. Lambrecht
	  
	  
	25,050,000	  
	  
	  
	2,175,000	  

 
 
 
 
 
 
    
 
 	 
	34
	

	 

 
 
 
 
 
 
 
 
 
 
    
 Schedule 3.1(dd)
  
 Turner, Stone & Company, L.L.P.
  
 
 	 
	35EX-10.1

 Exhibit 10.1 

LEASE AGREEMENT 
 by and
between 
 Twist Bioscience Corporation 

(“Tenant”) 

and 
 PWII Owner, LLC

 (“Landlord”) 

                       
                     , 2020 

ParkWorks Industry Center 

Wilsonville, Oregon 

			
	 1.   Demise and Premises
	  	1
	 1.1   Demise
	  	1
	 1.2   Premises and Associated Rights
	  	1
	 1.3   Commencement and Expiration Dates
	  	1
	 1.4   Right to Holdover
	  	2
	 1.5   Right of First Refusal
	  	2
	 1.6   Project Improvements
	  	4
		
	 2.   Rent
	  	4
	 2.1   Base Rent
	  	5
		
	 3.   Additional Rent
	  	6
	 3.1   Operating Expenses
	  	6
	 3.2   Operating Expense Exclusions
	  	8
	 3.3   Tenant Tax Obligations
	  	8
		
	 4.   Payment of Additional Rent
	  	8
	 4.1   Operating Year
	  	8
	 4.2   Tenant’s Proportionate Share
	  	8
	 4.3   Statements
	  	9
	 4.4   Limitation
	  	10
		
	 5.   Use
	  	10
	 5.1   General
	  	10
	 5.2   Negative Covenants as to Use
	  	11
	 5.3   Hazardous Substances
	  	12
	 5.4   Rules and Regulations
	  	15
	 5.5   Parking
	  	15
	 5.6   Equipment
	  	16
		
	 6.   Condition of Premises, Maintenance and Repair
	  	17
	 6.1   Tenant’s Acceptance
	  	17
	 6.2   Tenant’s Maintenance and Repair Obligations
	  	18
	 6.3   Manner
	  	18
	 6.4   Janitorial Services
	  	18
	 6.5   Landlord’s Maintenance and Repair Obligations
	  	18
	 6.6   Waiver
	  	19
	 6.7   End of Term
	  	19
		
	 7.   Alterations
	  	19
	 7.1   Landlord’s Consent
	  	19
	 7.2   Procedure for Approval
	  	19
	 7.3   Standard for Approval
	  	20
	 7.4   Compliance with Laws
	  	20
	 7.5   Title to Alterations
	  	20

			
	 7.6   Schedule/Manner of Work
	  	21
	 7.7   Debris
	  	21
	 7.8   Right of Entry/Inspection
	  	21
	 7.9   Insurance
	  	21
	 7.10  Non-Responsibility of Landlord;
Indemnification
	  	22
		
	 8.   Liability and Insurance
	  	22
	 8.1   Action by Tenant
	  	22
	 8.2   Landlord’s Insurance
	  	22
	 8.3   Waiver of Subrogation
	  	23
	 8.4   Commercial General Liability Insurance
	  	23
	 8.5   Tenant’s Property Insurance
	  	23
	 8.6   Insurance Policies
	  	23
	 8.7   Increase in Coverage
	  	24
		
	 9.   Landlord’s Property, Tenant’s Property
	  	24
	 9.1   Landlord’s Property
	  	24
	 9.2   Tenant’s Property
	  	24
	 9.3   Removal
	  	24
	 9.4   Abandonment
	  	25
		
	 10.   Holding Over
	  	25
	 10.1  Grant of Right
	  	25
	 10.2  Termination of Right
	  	25
	 10.3  Amendment to Lease
	  	25
	 10.4  Limitation
	  	25
	 10.5  Holding Over
	  	25
	 10.6  Relationship to Other Provisions
	  	26
		
	 11.   Utility Service and Charges
	  	26
	 11.1  Utility Service
	  	26
	 11.2  Discontinuance and Interruption of Service
	  	26
	 11.3  Landlord’s Right to Alter Utilities
	  	26
	 11.4  High Voltage Equipment
	  	26
	 11.5  Cost of Increasing Capacity
	  	26
		
	 12.   Climate Control
	  	27
		
	 13.   Signs, Displays, Auctions, and Sales
	  	27
	 13.1  General
	  	27
	 13.2  Tenant’s Interior Signs
	  	27
	 13.3  Displays
	  	28
	 13.4  Auctions
	  	28
		
	 14.   Access and Control of Premises
	  	28
	 14.1  Access to Premises
	  	28

			
	 14.2  Security System
	  	28
	 14.3  Project Changes
	  	29
		
	 15.   Damage or Destruction
	  	29
	 15.1  Rights and Obligations
	  	29
	 15.2  Rent Abatement
	  	30
	 15.3  Interference with Tenant’s Business
	  	30
	 15.4  Insurance on Tenant’s Property
	  	30
	 15.5  Tenant’s Waiver of Statutory Rights
	  	31
		
	 16.   Eminent Domain
	  	31
	 16.1  Total Condemnation
	  	31
	 16.2  Partial Condemnation
	  	31
	 16.3  Effect of Termination or Continuation
	  	31
	 16.4  Award
	  	31
	 16.5  Temporary Taking
	  	31
	 16.6  Sole Rights
	  	32
		
	 17.   Landlord’s Self-Help Rights; Liability and
Indemnification
	  	32
	 17.1  Landlord’s Right to Cure
	  	32
	 17.2  Tenant’s Indemnity
	  	32
	 17.3  Limit on Landlord’s Liability
	  	33
	 17.4  Defense of Claims
	  	33
		
	 18.   Defaults and Remedies
	  	33
	 18.1  Events of Default
	  	33
	 18.2  Remedies
	  	34
	 18.3  Cumulative Remedies
	  	36
	 18.4  Termination
	  	36
	 18.5  Waiver of Rights of Redemption
	  	37
		
	 19.   Transfers by Tenant
	  	37
	 19.1  General
	  	37
	 19.2  Listing Premises
	  	38
	 19.3  Corporate Changes and Users
	  	38
	 19.4  Unapproved Transfers
	  	40
	 19.5  Successors and Assigns
	  	40
		
	 20.   Subordination; Attornment; Quiet Enjoyment
	  	40
	 20.1  Subordination, Nondisturbance
	  	40
	 20.2  Attornment
	  	40
	 20.3  Quiet Enjoyment
	  	40
	 20.4  Estoppel Certificates
	  	40
	 20.5  Mortgagee Protection
	  	41
	 20.6  Modification for Lender
	  	41
	 20.7  New Owner Obligations
	  	41

			
	 20.8  Assignment of Rents
	  	41
		
	 21.   Security
	  	41
	 21.1  Financial Statements
	  	41
	 21.2  Deposit
	  	42
		
	 22.   Governing Law
	  	42
		
	 23.   No Merger
	  	43
		
	 24.   Attorneys’ and Collection Fees
	  	43
		
	 25.   [Omitted]
	  	43
		
	 26.   Tenant’s Liability and Performance
	  	43
		
	 27.   Limitation of Liability; Force Majeure
	  	44
	 27.1  Nonrecourse
	  	44
	 27.2  Third Parties
	  	44
	 27.3  Force Majeure
	  	44
	 27.4  Parties
	  	45
		
	 28.   Waiver
	  	45
		
	 29.   Miscellaneous Provisions
	  	45
	 29.1  Successors or Assigns
	  	45
	 29.2  Authority of Parties
	  	45
	 29.3  Interest on Past Due Obligations
	  	46
	 29.4  Broker’s Commission
	  	46
	 29.5  Terms and Headings
	  	46
	 29.6  Examination of Lease; Delivery
	  	46
	 29.7  Time
	  	47
	 29.8  Amendments
	  	47
	 29.9  Partial Invalidity
	  	47
	 29.10  Recording
	  	47
	 29.11  Notices
	  	47
	 29.12  Entire Agreement
	  	47
	 29.13  Survival of Obligations
	  	48
	 29.14  Representations and Warranties
	  	48
	 29.15  USA Patriot Act Compliance
	  	48
	 29.16  Consents
	  	48
	 29.17  Confidentiality
	  	49
	 29.18  Security
	  	49

 BASIC LEASE TERMS 

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

			
	LANDLORD:	  	PWII Owner, LLC
		
	ADDRESS OF LANDLORD:	  	 c/o ScanlanKemperBard Companies, LLC
 222 SW
Columbia Street, Suite 700
 Portland, OR 97201
 Attn: Asset
Manager, ParkWorks Industry Center
 Email: jpaul@skbcos.com

		
	TENANT:	  	Twist Bioscience Corporation
		
	DOING BUSINESS AS:	  	Twist Bioscience Corporation
		
	ADDRESS OF TENANT:	  	 Twist Bioscience Corporation
 681 Gateway
Boulevard
 South San Francisco, CA 94080
 Attn: Patrick Weiss -COO
 E-mail: pweiss@twistbioscience.com

 
 And, for legal notices, with a copy to:

 
 Twist Bioscience Corporation

681 Gateway Boulevard
 South San Francisco, CA 94080

Attn: Mark Daniels—General Counsel

mdaniels@twistbioscience.com
 Email:
mdaniels@twistbioscience.com

		
	PERMITTED USE:	  	Office, life science laboratory, research and development, manufacturing, distribution and any other related uses permitted under all applicable laws and zoning.
		
	 CITY, COUNTY AND
 STATE:
	  	Wilsonville, Clackamas County, and Oregon, respectively.
		
	PREMISES:	  	Approximately 110,995 rentable square feet of space known as Suite 150 in the Building as identified on the description and/or floor plans attached as Exhibit A.
		
	BUILDING:	  	26600 S.W. Parkway Avenue, Wilsonville, Oregon

  
 -v- 

			
	PROJECT:	  	The Project consists of (a) the Building, (b) any other buildings located at Parkway Woods and owned by Landlord at the time in question, (c) the appurtenant parking and other outdoor areas owned and/or operated by
Landlord, and (d) the parcels of land owned and/or operated by Landlord on which the foregoing is or are located (the “Land”).
		
	LEASE TERM:	  	144 full calendar months plus any first partial calendar month.
		
	RENEWAL TERMS:	  	2 terms of 60 full calendar months.
		
	EFFECTIVE DATE:	  	The date on which this Lease has been executed and delivered by both Landlord and Tenant.
		
	COMMENCEMENT DATE:	  	The Premises will be delivered to Tenant on the Effective Date, vacant and free of claims of occupancy, broom-clean with all cubicles and furniture of any prior tenant removed (the “Delivery Date”). The Commencement Date
is the later of (i) the 241st day after the Delivery Date, and (ii) the date upon which Landlord’s Work is substantially complete per the terms of Exhibit B including
replacement of the roof of the Premises in accordance with Exhibit B.
		
	EXPIRATION DATE:	  	The final day of the 144th full calendar month following the Commencement Date.
		
	BASE RENT:	  	The following rents (calculated at the initial rate of $18.57 per rentable square foot per year then escalated 3% per year but with the first 6 months abated and Base Rent charged on only 64,590 rentable square feet for months 7-12):

					
			
	 	  	 (Following the Commencement Date)

Months
	  	 Base Rent Per Month

		  	1-6	  	$0.00*
		  	7-12	  	$99,953.03**
		  	13-24	  	$176,917.69***
		  	25-36	  	$182,225.22
		  	37-48	  	$187,691.97
		  	49-60	  	$193,322.72
		  	61-72	  	$199,122.40

  
 -vi- 

					
		  	73-84	  	$205,096.07
		  	85-96	  	$211,248.95
		  	97-108	  	$217,586.41
		  	109-120	  	$224,114.00
		  	121-132	  	$230,837.42
		  	133-144	  	$237,762.54
		  	 *   All Operating Expenses are payable during this
period.

		  	 **   Base Rent is charged on only 64,590 rentable square feet. All
Operating Expenses are payable during this period.

		  	 ***  Any first partial month is charged a prorated portion of this
amount.

		
	SECURITY DEPOSIT OR LETTER OF CREDIT AMOUNT:	  	$951,050.16
		
	ALLOWANCE:	  	$13,319,400.00 ($120.00 per rentable square foot of the Premises).
		
	 APPROXIMATE BUILDING SQUARE

FOOTAGE:
	  	381,888
		
	APPROXIMATE PROJECT SQUARE FOOTAGE:	  	381,888
		
	 TENANT’S INITIAL
 PROPORTIONATE
SHARE OF OPERATING EXPENSES:
	  	29.065% of the Project (and, if applicable, 29.065% of the Building), subject to adjustment pursuant to the Lease.
		
	PARKING:	  	Up to 212 unreserved parking spaces in the area(s) designated by Landlord plus 10 reserved spaces for Tenant and its visitors designated by Landlord near the southern entrance to the Building. The current available
parking areas of the Project and the area within which the 10 reserved spaces will be located are shown on Exhibit A-1. Tenant shall not use parking spaces reserved for
others.

  
 -vii- 

			
	BROKERS:	  	Kidder Mathews (representing Landlord)
		
		  	Cresa (representing Tenant) with Co-Broker Hughes Marino (John Jarvis)
		
	EXHIBITS:	  	 Exhibit A     Premises

Exhibit A-1 Parking

Exhibit A-2 Permitted Exterior Areas

Exhibit A-3 Project Improvements

Exhibit B    Work Letter
 Exhibit C
   Acceptance Letter
 Exhibit D    Rules and Regulations

Exhibit E    Standards for Utilities and Services

Exhibit F    Letter of Credit

  

  
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 LEASE AGREEMENT 

THIS LEASE AGREEMENT (this “Lease” or this “Agreement”) is made and entered into as of the Effective Date identified in
the Basic Lease Terms preceding this Lease by and between the Tenant and Landlord also identified in the Basic Lease Terms. 
 1. Demise
and Premises. 
 1.1 Demise. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, upon the terms and subject to the
conditions set forth in this Lease, the Premises described in Section 1.2 within the Project, SUBJECT, HOWEVER, to any and all existing liens and encumbrances of record and the terms of this Lease. 

1.2 Premises and Associated Rights. The premises leased to Tenant consist of the interior space in the Building having the square
footage and location generally identified in the Basic Lease Terms preceding this Lease, as more particularly identified on the description and/or floor plans attached as Exhibit A (the “Premises”), excluding,
however, the roof and exterior walls, if any, of such space. The Premises shall be delivered to Tenant in their present “AS IS” condition without any obligations on the part of Landlord to perform any improvements or alterations except as
set forth in Exhibit B. 
 1.3 Commencement and Expiration Dates. The term of this Lease shall be for the
period shown in the Basic Lease Terms and shall have the Commencement Date and Expiration Date also designated in the Basic Lease Terms (the “Term”). 

1.3.1 Conforming Commencement Date. If the Premises are for any reason not delivered by the Delivery Date shown in the Basic Lease
Terms, this Lease shall not be void or voidable, and Landlord shall not be liable or responsible for any claims, damages or liabilities in connection therewith or by reason thereof and the Term of this Lease shall be for the same term of months as
set forth in the Basic Lease Terms, but the Delivery Date shall occur only at the time that the Premises are delivered to Tenant in accordance with the terms and conditions set forth herein. If for any reason possession of the Premises is not
delivered within one hundred eighty (180) days of the Delivery Date set forth in the Basic Lease Terms, Tenant may terminate this Lease by written notice given after such one hundred eighty (180) day period but prior to delivery of
possession; provided, Tenant’s right of termination shall not arise until such one hundred eighty (180) day period expires, without any extension permitted for Force Majeure. Any such termination shall be without liability of Landlord. Any
such termination by Tenant shall be Tenant’s sole remedy for delay in delivery of possession. If Tenant commences use of the Premises for the ordinary conduct of Tenant’s Business within the Premises prior to the Commencement Date set
forth in the Basic Lease Terms, the Commencement Date shall be advanced to the date such use commences. If the Commencement Date is other than the first day of a month, the first month of the Term shall be deemed to include the period from the
Commencement Date through the first full month following the Commencement Date, so that the Term ends on the last day of a calendar month. Tenant shall, upon Landlord’s request following the completion of Landlord’s Work (as defined in
Exhibit B), execute an acceptance letter in the form of Exhibit C. 

  
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 1.3.2 Renewal Option. 

(a) Grant of Option. Landlord hereby grants to Tenant the option to renew this Lease for two (2) additional terms (each a
“Renewal Term”) of sixty (60) months each. If this option is exercised, references in the Lease to the Lease Term shall include the applicable Renewal Term. 

(b) Exercise. Tenant must exercise the option to renew, if at all, by giving Landlord written notice of such exercise not more than 365
or fewer than 270 days prior to expiration of the then current Lease Term. Upon exercise of the option to renew, the Lease Term shall be extended through the expiration date of the applicable Renewal Term on the same terms and conditions as
contained herein, except that (i) there shall be no further right to renew the Lease Term beyond the two (2) Renewal Terms, and (ii) Base Rent during the Renewal Term shall be fair market rental value determined pursuant to
Section 2. 
 (c) Personal Nature of Option. The option to renew this Lease is personal to Tenant and may not be assigned by
Tenant, either separately or in connection with an assignment of this Lease, but will be assigned as part of this Lease to an Affiliate Assignee to whom this Lease is assigned. The right to exercise the option to renew shall terminate: (i) upon
any other assignment of this Lease or any sublease of all or part of the Premises; or (ii) upon any Event of Default by Tenant or the termination of this Lease or of Tenant’s right of possession. 

(d) Amendment to Lease. If Tenant exercises the option to renew this Lease, Landlord and Tenant shall execute and deliver an amendment
to this Lease setting forth such fact and the amount of Base Rent for the Renewal Term. 
 1.4 Right to Holdover. Tenant shall have
the right to holdover set forth in Section 10. 
 1.5 Right of First Refusal. 

1.5.1 Grant of Right of First Refusal. As used in this Section 1.4, an “Expansion Space” is a space contiguous to the
original Premises leased hereunder. If Landlord shall receive a bona fide offer (the “Offer”) from any third party (excluding the then existing tenant in the space and excluding any lessee with prior rights) to lease all or part of an
Expansion Space that Landlord is prepared to accept (“Right of First Refusal Space”), Landlord shall notify Tenant (the “Right of First Refusal Notice”) of Landlord’s intent to accept such Offer. The Right of First Refusal
Notice shall specify: (a) the location and rentable area of the Right of First Refusal Space; (b) the date upon which the Right of First Refusal Space shall be available for delivery; (c) the economic terms that Landlord intends to
accept including the base rent, the base year, any security deposit and prepaid rent, any other financial terms, and the proposed lease term for such space; and (d) other material terms. Tenant specifically acknowledges that Landlord, in
presenting the offer, may be offering the Right of First Refusal Space for a term that is longer or shorter than the unexpired balance of the Lease Term, as part of a larger space, or on a different basis than this Lease (for example, with different
renewal rights). Therefore, Landlord may offer such Right of First Refusal Space or the applicable portion thereof to Tenant with adjustments (the “Adjustments”) that require Tenant (w) to extend the balance of the Lease Term (at a
rent 

  
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acceptable to Landlord) to coincide with the length of the term being considered by Landlord, (x) to lease the Right of First Refusal Space also for any gap period between the expiration of
the period in the Offer and the then scheduled Lease Expiration Date of this Lease, on terms acceptable to Landlord, (y) to lease the entirety of the Right of First Refusal Space, and (z) to agree to provisions to reconcile differences
between the Offer and this Lease. 
 1.5.2 Leasing of Right of First Refusal Space. Tenant shall have the right (the “Right of
First Refusal”), exercisable by Tenant no later than 5:00 p.m. on the seventh (7th) day after Tenant’s receipt of the Right of First Refusal Notice, to accept the terms of the Right
of First Refusal Notice and shall then have five (5) days after receipt of the same to execute an amendment to this Lease pursuant to which Tenant shall lease the space which is the subject of the Right of First Refusal Notice under the terms
and conditions specified in the Right of First Refusal Notice and otherwise on the terms of this Lease. If Tenant does not so accept the Right of First Refusal Notice or enter into the amendment, Landlord shall be free to lease the same to the third
party on terms negotiated between Landlord and the third party whether similar or dissimilar to those offered to Tenant. This is a one-time right as to each Expansion Space and will no longer apply to an
Expansion Space after all or part of the same has once been offered to Tenant; Tenant will not receive more than one Right of First Refusal Notice for each Expansion Space. 

1.5.3 Financial Condition. As a condition to Tenant exercise of the Right of First Refusal, if Tenant is not then a public company,
Tenant shall deliver with its acceptance then current financial statements of Tenant. If Landlord is not satisfied, in its reasonable discretion, that the financial condition of Tenant as demonstrated by such financial statements is not comparable
to or better than its financial condition on the Effective Date, then Landlord shall notify Tenant of such determination and Tenant shall be deemed to be ineligible to exercise such rights. If Tenant is so deemed to be ineligible, then Landlord may
proceed to market and to lease the offered space. 
 1.5.4 Termination of Right. The rights granted in this Section shall terminate
and shall cease to be effective (a) upon any assignment of this Lease or any sublease of all or part of the Premises other than to an Affiliate Assignee, or (b) upon any Event of Default by Tenant (after giving effect to any applicable
cure period) or the termination of this Lease or of Tenant’s right of possession. 
 1.5.5 Limitations. Landlord has not
promised that any space shall be or become available to Tenant under this Section or that such an event shall occur on or before any particular date. Landlord shall have no liability for the failure of any space to become available under this
Section. Landlord shall have no obligation to remove any other tenant from any space and may allow any such tenant to renew or extend its lease and/or to holdover whether or not pursuant to a contractual right to do so. In no event shall any actual
or alleged failure by Landlord under this Section allow Tenant to terminate this Lease. The rights of Tenant under this Section are subject to and subordinate to all prior rights of other lessees regarding any space. 

1.5.6 Certificate. At such time as Tenant rejects a Right of First Refusal Notice or Right of First Offer Notice by Landlord or
otherwise has no rights with respect to any offered Expansion Space, Tenant shall execute and deliver to Landlord a certificate setting forth the compliance of Landlord with the process set forth in this Section, and such other matters as Landlord
may reasonably request. 

  
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 1.6 Project Improvements. Landlord will make improvements to the Project following
final design and the issuance of required permits. The current contemplated design of such improvements, which may be modified prior to the improvements being made, is shown on Exhibit A-3. Landlord agrees to communicate regularly with Tenant in the performance of the Project Improvements. 

2. Rent. Tenant shall pay rent consisting of (i) Base Rent, and (ii) all other sums that become payable by Tenant under this
Lease, whether to Landlord directly, or to a third party for the benefit of Landlord and the Premises (“Additional Rent”). Base Rent and Additional Rent are referred to herein as “Rent.” All Rent shall be paid in advance on the
first day of each month unless otherwise provided herein. Tenant shall pay to Landlord, with all Rent, the portion of any rent, transaction, privilege, business activity, or other tax now or hereafter imposed on any Rent that will be paid by
Landlord attributable to such Rent. If any such tax is payable only above a certain level of total Project rents, then the amount payable by Tenant will be estimated by Landlord based on the ratio of Rents paid by Tenant divided by total anticipated
rental from the Project for that year; Landlord shall reconcile the estimated payments with the actual amount of total rental from the Project and the total of such tax paid by Landlord, and any adjustment payment or credit will be made, on the same
basis as applies to Operating Expense reconciliations pursuant to Section 4 below. All Rent shall be paid in lawful money of the United States to Landlord, at such place as Landlord shall designate by written notice to Tenant from time to time.
Tenant shall pay all Rent promptly when due without notice or demand therefor and without any abatement, deduction or off set, for any reason whatsoever, except as may be expressly provided in this Lease. If the Tenant’s obligation to pay Base
Rent does not commence on the first day of a calendar month, or does not expire on the last day of the calendar month, the Base Rent payable by Tenant on the first fractional month, or the last fractional month, as the case may be, shall be prorated
for said month. Base Rent for the first full calendar month of the Term for which Base Rent is payable shall be paid upon execution of this Lease, and Base Rent for any partial month at the beginning of the Term shall be due on the Commencement
Date. Tenant acknowledges that Tenant’s late payment of Rent due Landlord will cause Landlord to incur costs not contemplated by this Lease, the exact amount of such cost being extremely difficult and impractical to ascertain. Therefore, if
Landlord does not receive any Rent due from Tenant within five (5) days of when due more than once in any twelve (12) month period of the Term of this Lease, Tenant shall pay to Landlord an additional sum equal to five percent (5%) of the
overdue amount, which late charge shall be due and payable on demand. The payment of late charges and the payment of interest are distinct and separate from one another in that the payment of interest is to compensate Landlord for the use of
Landlord’s money by Tenant, while the payment of late charges is to compensate Landlord for the additional administrative expenses incurred by Landlord in handling and processing delinquent payments. By their execution of this Lease, Landlord
and Tenant confirm that such late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of any such late payment, that the late charge is in addition to any and all remedies available to Landlord and that
the assessment and/or collection of the late charge shall not be deemed a waiver by Landlord of such failure or of any other default under this Lease. Additionally, all such delinquent Rent, shall bear interest at the rate of five percent (5%) plus
the Prime Rate (as hereinafter defined) per annum from the date due until paid; provided however, that the foregoing interest shall not 

  
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apply to the first such late payment in any twelve (12) month period of the Term of this Lease until following written notice to Tenant and the expiration of five (5) days thereafter
without cure, or, if lower, the maximum interest rate permitted by law (as applicable, the “Default Rate”), from the date due until paid. For purposes hereof, the “Prime Rate” shall be the per annum interest rate publicly
announced by Bank of America as its prime or base rate (or, if Bank of America ceases to exist or to announce a prime or base rate, the prime or base rate of another national banking association). If any payment of Rent is returned for insufficient
funds, Landlord may require Tenant to pay all future payments by cashier’s check. 
 2.1 Base Rent. The monthly Base Rent shall
be the amount(s) specified in the Basic Lease Terms preceding this Lease (the “Base Rent”). 
 2.1.1 Rentable Square Footage
Adjustment. The Base Rent specified in the Basic Lease Terms preceding this Lease has been calculated based on the approximate rentable square feet contained within the Premises. Within 180 days following the Commencement Date, Landlord shall
cause Landlord’s architect to accurately determine the number of rentable square feet of space in the Premises (and, at Landlord’s election, the Building or the Project), which determination as to the Premises shall be made in accordance
with the Agreed Standard (as defined below). Promptly after Landlord’s architect makes such determination, this Lease shall be amended to accurately reflect the number of rentable square feet of space in the Premises (and Building or Project,
if applicable) as so determined, and the Base Rent and all other calculations in this Lease that are based on square footage (including Tenant’s Proportionate Share and the amount of the Security Deposit or Letter of Credit and of the
Allowance) shall be proportionately adjusted based on the actual number of rentable square feet as so determined and adjustment payments shall be made by the parties effective as of the Commencement Date. The Agreed Standard is the BOMA dripline
standard; equipment and services yards, patios and outdoor areas will not be included in the rentable square footage of the Premises unless within the dripline. 

2.1.2 Renewal Term Base Rent. Base Rent for any Renewal Term shall be established by agreement of the parties or, if they do not agree
by the 120th day prior to the commencement date of the Renewal Term, then Base Rent for the Renewal Term shall be the fair market rental value of the Premises established pursuant to the terms of
this Section 2.1.2. If the parties are not able to agree upon the then fair market rental value of the Premises on or before the 120th day prior to the commencement of the Renewal Term, then
not later than the 90th day prior to the commencement of the Renewal Term, each party shall submit to the other a written final offer setting forth the then fair market rental value of the
Premises, which will include Base Rent and the amount of any concessions and any costs to be paid by Landlord. The written notice of the fair market rental value shall also be accompanied by a list of three qualified MAI appraisers, experienced in
determining fair market rental values of similar commercial properties in the metropolitan area where the Premises are located. Each party shall have the right to strike one candidate from the list submitted by the other party. The resulting names
that are timely submitted shall then be placed in a vessel and one MAI appraiser shall be selected at random. The MAI appraiser so selected (the “Appraiser”) need not necessarily conduct an appraisal, but rather shall, using whatever means
(including an appraisal) the Appraiser deems reasonable, select, as between the two final offers submitted by the parties, that final offer that sets forth a fair market rental value (i.e., Base Rent and the amount of any concessions and any costs
to be paid by Landlord) that is closest to the actual fair market rental value as the same may be determined by the Appraiser using 

  
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whatever means (including an appraisal) the Appraiser deems reasonable; such determination shall be based on comparable renewal transactions for comparable space in the submarket of which the
Premises are a part, on the size of the Premises, and on the creditworthiness of the Tenant. The decision of the Appraiser shall be final and binding on the parties and shall establish the Base Rent for the Renewal Term. However, if the Base Rent so
determined is, for any portion of the Renewal Term, less than the Base Rent scheduled for the final month of the expiring Term, then Base Rent for such portion of the Renewal Term shall be the amount scheduled for the final month of the expiring
Term. The cost of the Appraiser’s fee shall be paid by the party whose final offer was not selected by the Appraiser as the then fair market rental value. 

3. Additional Rent. Tenant, throughout the Term, shall be obligated to pay its Proportionate Share (as that term is defined in
Section 4) of all Operating Expenses (as that term is defined in Section 3.3) actually incurred by Landlord. Tenant’s Proportionate Share of Operating Expenses shall be Additional Rent. 

3.1 Operating Expenses. The term “Operating Expenses” shall mean all expenses paid or incurred by Landlord or on
Landlord’s behalf as determined by Landlord to be necessary or appropriate for the operation, maintenance and repair of the Project, including without limitation: 

3.1.1 Salaries, wages, medical, insurance, union and general welfare benefits, pension payments, payroll taxes, worker’s compensation
insurance, uniforms and related expenses and benefits of employees of Landlord or its property manager engaged in the repair, operation, maintenance, management, engineering and security of the Project; 

3.1.2 All expenses incurred for (a) all utilities and services (including HVAC) provided to common areas, (b) water, sewer and other
utilities and services to spaces other than common areas (except those that are separately metered or submetered to the Premises), and (c) any taxes on the foregoing; 

3.1.3 All maintenance costs relating to public and service areas of the Project, including, but not limited to sidewalks, landscaping, service
areas, mechanical rooms, loading areas, and the roof and the exterior of the Project; 
 3.1.4 The cost of all insurance premiums and
charges including but not limited to rent loss insurance, casualty, liability, fire with extended coverage endorsement, earthquake, flood and fidelity insurance, and such other insurance with regard to the Project and the maintenance and/or
operation thereof as Landlord may elect to maintain; 
 3.1.5 The cost or rental of all supplies, including without limitation, cleaning
supplies, light bulbs, tubes and ballasts, materials and equipment, and all taxes thereon; 
 3.1.6 The cost or rental of hand tools and
other moveable equipment used in the repair, maintenance or operation of the Project; 
 3.1.7 The cost of all charges for window and other
cleaning, security services, and janitorial services (exclusive of janitorial services to leased spaces); 

  
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 3.1.8 Charges of independent contractors performing repairs or services to the Project not
otherwise chargeable to a specific tenant; 
 3.1.9 Costs of maintenance for the Project; 

3.1.10 All taxes and assessments and governmental charges, whether subsequently created or otherwise, whether foreseen or unforeseen,
including annual property taxes, local improvement district assessments, traffic or signalization improvement assessments, gross receipt taxes, business license taxes and fees for permits for the Project, carbon emissions taxes, and any other tax or
charge, including income taxes and sales taxes if increased or imposed due to a reduction in property taxes, excepting only state or federal net income taxes, and all costs related to negotiation, contest or appeal of any tax, assessment or charge;
however, taxes under this Section do not include any tax charged to Tenant pursuant to Section 2; further, if there is a change in ownership of the Project by Landlord (a “Conveyance”) and as a result the Project is re-assessed at a higher value, Tenant shall not be charged for any increase in Taxes due solely to an increased assessment from the Conveyance but the subsequent annual tax increases on the higher amount of Taxes
are still reimbursable. 
 3.1.11 Alterations and improvements to the Project made by reason of the laws and requirements of any public
authorities or the requirements of insurance companies or the holders of any encumbrances against the Project; 
 3.1.12 Management fees
paid to a third party, or, if no managing agent is employed by Landlord, a management fee which is not in excess of the then-prevailing rates for management fees of other first-class buildings devoted to similar uses in the City; 

3.1.13 Fair market rental and other costs with respect to the management office for the Project; 

3.1.14 The costs of repairs to the Project and/or of any machinery or equipment installed in the Project, including roof repair but not roof
replacement (which is governed by section 3.1.16 below) and including HVAC repairs; capital expenditures for any of the foregoing repairs will be amortized over their respective useful lives as estimated by Landlord; 

3.1.15 The costs of capital improvements (i.e., the costs of installing new improvements that are capital in nature as opposed to capital and
noncapital replacements and repairs and as opposed to noncapital improvements) that are Permitted Capital Improvements; the cost of any Permitted Capital Improvement will be amortized over the useful life of the same as estimated by Landlord;
Permitted Capital Improvements are capital improvements that are (a) required by a law, regulation or interpretation first adopted or issued after the Effective Date, or (b) intended to reduce one or more other Operating Expenses
(“Efficiency Improvements”); the amortized portion of an Efficiency Improvement will not exceed, in any year, the amount by which the Efficiency Improvement reduced other Operating Expenses as estimated by Landlord and any excess portion
of such cost may be carried over for use in a subsequent year; 
 3.1.16 The cost of replacing the portion of the roof that serves the
Premises pursuant to Exhibit B amortized, without interest, over twenty (20) years; the annual amortized cost will be allocated 100% to the Premises (i.e., Tenant’s Proportionate Share of this cost will be 100%
not 29.065%) for the Term of this Lease; notwithstanding any other provision hereof, this cost will not be a Controllable Expense; 

  
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 3.1.17 Legal, accounting and other professional fees incurred in connection with operation,
maintenance and management of the Project; 
 3.1.18 All other charges properly allocable to the operation, repair and maintenance of the
Project; 
 3.1.19 The cost of air monitoring within the Project in order to detect and monitor the level of any hazardous materials within
the air at the Project; and 
 3.1.20 Any and all assessments and other amounts paid to any declarant, owner’s association or other
entity pursuant to recorded covenants applicable to the Project or to any association of area property owners. 
 3.2 Operating Expense
Exclusions. Notwithstanding anything contained in the foregoing Section 3.1 the following expenses shall be excluded from Operating Expenses: (a) depreciation or amortization on the initial construction of the Building; (b) the
cost of any capital replacements and the cost of any capital improvements other than Permitted Capital Improvements; (c) reserves; (d) debt service; (e) the cost of leasehold improvements made for any tenants of the Building;
(f) leasing commissions and other expenses incurred in leasing, renovating, marketing or improving space for other occupants of the Building; (g) repairs and replacements paid for by insurance proceeds; (h) costs separately billed to
and paid by specific tenants of the Building; (i) costs arising from construction defects in the base, shell, or core of the building or improvements installed by the Landlord; (j) costs for acquiring and maintaining sculpture, paintings,
or other objects of art; (k) costs for which Landlord has been compensated by a management fee and (l) advertising or promotional expenditures. 

3.3 Tenant Tax Obligations. Tenant shall pay when due all taxes on any personal property or trade fixtures of Tenant in
the Premises. If any such taxes are levied against the Premises or Landlord, or if the assessed value of the Premises is increased by the inclusion therein of a value placed upon such personal property or trade fixtures, then Landlord shall have the
right to pay the taxes based upon such increased assessments regardless of the validity thereof and Tenant shall, upon demand, reimburse Landlord. Tenant shall pay when due all taxes applicable to Tenant and Tenant’s business. 

4. Payment of Additional Rent. 

4.1 Operating Year. An “Operating Year” is a calendar year of the Lease Term. Operating Expenses will be prorated for any
partial Operating Year. 
 4.2 Tenant’s Proportionate Share. Tenant’s Proportionate Share of Operating
Expenses shall equal the rentable square footage of the Premises divided by the total rentable square footage of the Project. Tenant’s initial Proportionate Share is stated in the Basic Lease Terms. Landlord may, from time to time, recalculate
the rentable square footage of the Premises and/or the Building or Project and, upon completion thereof, Landlord shall adjust Tenant’s Proportionate Share and shall notify Tenant in writing of any such adjustment stating therein the

  
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effective date of such adjustment. The rentable square footage of the Premises will be determined based on the Agreed Standard. Tenant shall pay each permitted Operating Expense in accordance
with Tenant’s Proportionate Share. Landlord shall have the right to make allocations (“Allocations”) to Tenant of any one or more Operating Expenses on a different basis if Landlord has a reasonable basis to do so. Landlord may
allocate Operating Expenses common to the Project to the Building and/or any other building and may allocate any expenses of any one building only to that building, and any such allocated amount may be charged to tenants of such building based on
square footages or on another reasonable basis. 
 4.3 Statements. Prior to the commencement of each Operating Year, Landlord shall
deliver a statement setting forth Landlord’s estimate of Tenant’s Proportionate Share of the estimated Operating Expenses for such Operating Year. Failure of Landlord to deliver the statement of estimated Operating Expenses shall not
relieve Tenant of its obligation to pay Tenant’s Proportionate Share of Operating Expenses. Tenant shall each month pay to Landlord as Additional Rent commencing on the first day of each Operating Year an amount equal to one-twelfth of the amount of Tenant’s Proportionate Share of estimated Operating Expenses for that year as shown in Landlord’s written statement or, if such statement is not yet delivered, then the same
monthly amount as was required for the prior Operating Year. Within ninety (90) days after the close of each Operating Year during the Term, or as soon thereafter as available, Landlord shall deliver to Tenant a written statement (the
“Operating Statement”) setting forth Tenant’s actual Proportionate Share of the Operating Expenses for the preceding Operating Year. If Tenant’s Proportionate Share of the actual Operating Expenses exceeds the amount billed for
the prior year, Tenant shall pay the excess to Landlord as Additional Rent within thirty (30) days following the date of such Operating Statement. If Tenant’s Proportionate Share of actual Operating Expenses is less than the amount billed
for the prior year, then Landlord shall apply the credit to Tenant’s next Operating Expense payment(s). In no event shall Landlord be liable for damages to Tenant nor shall Tenant have any right to terminate this Lease by reason of any
incorrect or disputed Operating Expense or Allocation. The sole remedy of Tenant regarding any Operating Expense or Allocation dispute shall be refund of any charge which exceeds the amount allowed by this Lease. Tenant may review Landlord’s
books and records regarding Operating Expenses for an Operating Year at the Property Manager’s office during normal business hours if Tenant requests such review by written notice given within one hundred twenty (120) days of receipt of
the Operating Statement for such Operating Year. Such books and records shall be kept strictly confidential; Tenant may review the same and may cause the same to be reviewed by a qualified appointee employed by Tenant to conduct such review (who
shall first agree in writing to maintain the confidentiality of the books and records) but Tenant shall not otherwise disclose the contents of Landlord’s books and records. Hughes Marino is hereby approved as a qualified appointee to conduct
such a review of Operating Expenses. Any dispute regarding an Operating Expense must be commenced by written notice specifying the disputed item given within one hundred twenty (120) days of receipt of the first Operating Statement which
includes the disputed amount; otherwise such dispute is waived by Tenant. If an Operating Year ends after the expiration or termination of this Lease, Tenant shall pay the Additional Rent in respect thereof payable under this Section within ten
(10) days of Tenant’s receipt of the Operating Statement for such Operating Year. 

  
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 4.4 Limitation. Notwithstanding the above, Operating Expenses shall not include
Controllable Expenses (as defined below) in excess of the following limitations: (x) for the first partial and then first full Operating Year of the Lease Term, all Controllable Expenses shall be included in calculating Operating Expenses, and
(y) for each Operating Year thereafter, Controllable Expenses shall not be included in Operating Expenses to the extent the total of Controllable Expenses actually experienced for such Operating Year exceeds what the total of all Controllable
Expenses would have been for such Operating Year had actual Controllable Expenses experienced by Landlord increased 4% each Operating Year after the first full Operating Year of the Lease Term. “Controllable Expenses” are those Operating
Expenses other than taxes, common area utility costs and insurance premiums. 
 5. Use. 

5.1 General. 
 5.1.1
Permitted Use. Tenant shall use and occupy the Premises during the Term of this Lease only for uses specified in the Basic Lease Terms preceding this Lease and for no other use or purpose whatsoever. 

5.1.2 Compliance. If any governmental license or permit, to include a Certificate of Occupancy, shall be required for the proper and
lawful conduct of Tenant’s business in the Premises, Tenant, at its expense, shall procure, maintain and comply with the terms and conditions of each such license or permit. Notwithstanding the preceding sentence or any other provision of this
Lease to the contrary, Tenant shall not directly or indirectly submit any application to the City or County, including, but not limited to, applications for a certificate of occupancy or for Alterations, building permits, business licenses or
extension of business licenses, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Tenant shall, at Tenant’s expense, comply with all laws and requirements of public
authorities relating to Tenant’s use and occupancy of the Premises and shall observe the Rules and Regulations as may be adopted pursuant to Section 5.4 hereof of which Landlord notifies Tenant from time to time for the safety and general
order of the Premises and the Project. 
 5.1.3 Urban Renewal. Tenant intends to seek approval for and creation of an Urban Renewal
District that includes the Premises. The parties specifically agree that Tenant, not Landlord, would apply for and to obtain such approval; Landlord will support and cooperate with Tenant’s efforts. If Tenant obtains such approval and the Urban
Renewal District is created on or before the final day of the sixtieth (60th) full calendar month following the Commencement Date, Landlord shall abate the Base Rent due for the first two
(2) calendar months following creation of the same and the conclusion of all appeals and appeal periods if no Event of Default then exists. 

5.1.4 Improvements. Tenant shall comply with all legal requirements which apply to the Premises or the use or occupancy thereof by
Tenant. Tenant shall cause the Premises and all parts thereof, structural and otherwise, to comply with all legal requirements, including the Americans with Disabilities Act or similar state laws (the “ADA”), provided, Tenant shall only be
required to make improvements to the Premises to comply with legal requirements if such improvements are required due to an Alteration or other act by Tenant, the occupancy level in the Premises or the occupancy calculation applicable to the
Premises based on its buildout by or for Tenant, Tenant’s specific use of the Premises, or a legal obligation that Tenant has that 

  
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Landlord does not due to Tenant’s status as an employer (“Tenant Causes”). Tenant shall make any other changes to the interior of the Building required due to a Tenant Cause;
provided, Landlord has the right to perform any improvement to the Premises or other portion of the Building required due to a Tenant Cause and Tenant shall reimburse Landlord for all costs of such work within ten (10) days of written request.
Landlord will be responsible for any ADA upgrades required outside of the Building shell such as ramps, accessibility, exit lighting and handicap parking stalls. 

5.1.5 Sustainability. 

(a) Sustainability Plan. Landlord reserves the right to adopt and to modify, from time to time, a plan and/or programs and rules to
reduce energy consumption and/or carbon emissions, to obtain and maintain one or more USGC, LBI or other sustainability certifications requested or approved by Tenant to promote indoor air quality, and/or to operate the Project in a sustainable or
more sustainable manner. Costs incurred by Landlord for adopting or modifying a sustainability plan not currently in effect upon execution of this Lease shall be borne by the Landlord. Such plans, programs and rules as are in effect from time to
time are collectively referred to as the “Sustainability Plan.” 
 (b) Compliance. Tenant agrees to comply with, and to
cause its employees, agents, contractors and invitees to comply with all commercially reasonable requirements of the Sustainability Plan in effect at execution of this Lease or otherwise approved by Tenant. Tenant agrees and acknowledges that such
compliance will include compliance with all components of the Sustainability Plan, including but not limited to those related to energy conservation and recycling, the manner in which Tenant does any maintenance, repair, alteration, restoration,
improvement or removal work in the Premises, and the types of materials used in any such work. Tenant agrees to comply with all legal requirements related to energy conservation and/or sustainability including those related to indoor air quality and
carbon emissions. 
 (c) Operating Expenses. The parties agree that Operating Expenses shall include commercially reasonable costs to
implement the Sustainability Plan (any capital costs shall be amortized, without interest, over the useful life of each capital item to the extent they are Permitted Capital Replacements), and any carbon emission tax, and any fee or tax based upon
carbon emissions or energy efficiency or usage. 
 (d) Reporting. Tenant shall provide such information as is required by the
Sustainability Plan including but not limited to information requested by Landlord for governmental reporting or to obtain or maintain any certifications desired by Landlord. 

5.2 Negative Covenants as to Use. Tenant shall not cause any noise, vibration, fumes or electronic interference to which another lessee
reasonably objects; provided, Tenant will be allowed a reasonable time to cure any such problem. Tenant shall not at any time use or occupy, or suffer or permit anyone to use or occupy the Premises, or permit anything to be done in the Premises, in
any manner that: (a) violates the Certificate of Occupancy for the Premises or for the Building, any provision of zoning laws, ordinances, or use permits applicable to the Building, or any provision of any ground lease, master lease, or
recorded covenant, agreement or restriction; (b) causes injury to the Premises or the Project or any equipment, facilities or systems therein; 

  
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(c) constitutes a violation of the laws or requirements of any public authorities or the requirements of insurance bodies, or the requirements of any restrictive covenants of record;
(d) involves gambling in any form, or the use of lottery, gaming or arcade devices, (e) involves the sale, rental or viewing of pornographic, obscene or “adult materials,” or involves adult entertainment of any kind,
(f) otherwise impairs the character, reputation or appearance of the Project as a first-class project; or (g) impairs the proper and economic maintenance, operation and repair of the Project and/or its equipment, facilities or systems.
Tenant shall not at any time keep pets or animals of any kind on the Premises. 
 Smoking of any kind, including tobacco products such as
cigarettes, pipes, cigars, etc., within the Premises or any building in the Project is prohibited. Smoking in the Premises or any building in the Project by Tenant their employees, officers, guests, clients or suppliers will be deemed a violation of
this Lease and, among other remedies available to the Landlord, Tenant will be responsible for any and all costs associated with restoring the Premises to a “smoke free” condition such as existed prior to the violation of this Section.
Such costs may include but are not limited to cleaning and/or replacing the following items: carpets and floor coverings, ceiling tiles, HVAC filters and duct work, window coverings, and paint. Upon discovery of smoking in the Premises by the
Landlord or its representatives, Landlord may, in its sole discretion, demand that the Premises and/or any affected portion of the Building be cleaned and restored immediately or at the end of the lease term. 

5.3 Hazardous Substances. 

5.3.1 Tenant Shall Not Permit Prohibited Hazardous Substances Upon the Premises. Tenant will not cause or permit any Hazardous
Substances to be brought upon, kept, stored, discharged, released or used in, under or about any portion of the Project by Tenant or its agents other than Hazardous Substances commonly or reasonably used in life sciences laboratories or the research
and development and manufacturing of synthetic DNA and other synthetic biology products or other Hazardous Substances that are reasonably necessary in Tenant’s normal operations of such a laboratory and are used, stored and disposed of in
accordance with applicable laws (“Permitted Hazardous Substances”) without the prior written consent of Landlord, which consent may be withheld or conditioned in Landlord’s sole discretion. Tenant shall be permitted to utilize
designated portions of the Premises and the Project for H (High Hazard) Occupancy as stated in Section 5.3.7 below. If Tenant brings any Hazardous Substances to the Project, with or without the prior written consent of Landlord (without waiver
of the requirement of prior written consent), Tenant shall: (1) use such Hazardous Substance only as is reasonably necessary to Tenant’s business; (2) handle, use, keep, store, and dispose of such Hazardous Substance using the
prevailing industry standards and in compliance with all applicable Environmental Laws and shall not allow any release, spill or disposal of the same at the Project; and (3) maintain at all times with Landlord a copy of the most current MSDS
sheet for each such Hazardous Substance. Upon expiration or earlier termination of this Lease, Tenant will, at Tenant’s sole cost and expense, cause all Hazardous Substances brought to the Project by Tenant, its agents, contractors, employees,
suppliers, licensees or invitees, to be removed from the Project in compliance with any and all applicable laws. 

  
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 5.3.2 Notification. Tenant shall immediately notify Landlord should Tenant
(a) become aware of the existence of any Hazardous Substance at the Project other than Permitted Hazardous Substances, (b) receive any notice of, or become aware of, any actual or alleged violation with respect to the Project of any
Environmental Law, or (c) become aware of any lien or action with respect to any of the foregoing. Tenant shall deliver to Landlord, promptly upon receipt, (i) copies of any documents received from the United States Environmental
Protection Agency (“EPA”) and/or any state, county, or municipal environmental or health agency concerning Tenant’s ownership, use, or operations upon or in connection with the Premises; and (ii) copies of any documents submitted
by Tenant to the EPA and/or any state, county, or municipal environmental or health agency concerning the Premises. 
 5.3.3 Inspection
and Remedial Action. Landlord is hereby authorized to enter the Premises at reasonable times, and after reasonable notice, subject to Tenant’s confidentiality, security and health and safety protocols, for the purpose of inspecting the
Premises, to ascertain Tenant’s compliance with all covenants made in this Section. Upon Landlord’s written request if Landlord has reasonable evidence that Tenant has breached its covenants in Section 5.3.1 above, (a) Tenant,
through professional engineers approved by Landlord and at Tenant’s cost (to the extent conclusive evidence of Tenant’s breach of such covenants is found, but otherwise at Landlord’s sole cost and expense), shall thoroughly
investigate suspected Hazardous Substances contamination of the Premises or Project purported to have been caused by a breach of any of Tenant’s covenants in Section 5.3.1, and (b) if such investigation indicates that Tenant has so
breached such covenants, Tenant shall forthwith take such remedial action with respect to any such contamination as may be necessary to entirely remove and clean up all such Hazardous Substances discharged by Tenant at the Project or into related
groundwater in breach of Tenant’s obligations under this Section 5.3; otherwise, such investigation will be at Landlord’s sole cost and expense. Landlord’s and Tenant’s obligations under this Section 5 are not dependent
upon whether the EPA or any other federal, state, or local agency or governmental authority has taken or threatened any action in connection with the presence of any Hazardous Substance on, or release of any Hazardous Substance from, the Project;
provided, however, that when Landlord is required to remediate Hazardous Substances under Section 5.3.6 below, Landlord shall be required to perform only such remediation as may be required by such an authority or as is required pursuant to
Section 5.3.6. Notwithstanding any provisions to the contrary in this Lease, Tenant shall indemnify, defend and hold free and harmless the Landlord and each of Landlord’s direct or indirect members, representatives, affiliates, employees,
attorneys and agents for, from, against and regarding any claims, losses, expenses or damages, suits or procedures to the extent attributable to action, refusal, negligence or failure on the part of the Tenant to comply with Environmental Laws. If
Tenant shall fail promptly to discharge its obligations under this Section, Landlord may, at its election, but without the obligation to do so, cause such investigation to be made or remedial action to be taken and/or take any and all other actions
that Landlord may deem necessary or advisable to protect its interests or to avoid or minimize its liability for the existence of Hazardous Substances at the Project, or for a release thereof from the Project. All amounts reasonably expended by
Landlord under this Section in connection with a breach by Tenant of its obligations under this Section shall be payable by Tenant to Landlord upon demand. 

5.3.4 Definition of Hazardous Substance(s). The term “Hazardous Substance” shall mean: 

(a) “Hazardous substances”, as defined by 40 CFR Part 302; 

  
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 (b) “Extremely hazardous substance”, as defined by 40 CFR Part 355; 

(c) “Toxic chemicals”, as defined by 40 CFR Part 372; 

(d) “Hazardous substance” or “hazardous waste” as defined by 29 CFR § 1910.120; 

(e) “Hazardous Waste” as defined by applicable administrative rules; 

(f) Petroleum, including crude oil and any fraction thereof; 

(g) Any material that contains more than 1% of asbestos; and 

(h) Any other chemical, substance, material, controlled substance, object, condition, waste, living organism or combination thereof which is
or may be hazardous to human health or safety or to the environment due to its radioactivity, ignitability, corrosivity, reactivity, explosivity, toxicity, carcinogenicity, mutagenicity, phytotoxicity, infectiousness or other harmful or potentially
harmful properties or effects, including, without limitation, petroleum and petroleum products, asbestos, asbestos containing materials, radon, polychlorinated biphenyls (PCBs) and all of those chemicals, substances, materials, controlled
substances, objects, conditions, wastes, living organisms or combinations thereof which are now or become in the future listed, defined or regulated in any manner by any environmental law based upon, directly or indirectly, such properties or
effects. 
 (i) “Hazardous Materials” or “Contaminants”, as such terms are defined under any Environmental Law, and
shall be deemed to include any material that, owing to its properties, presents a real and potential danger to the environment or to the health of the users of the Project. 

5.3.5 Definition of Environmental Laws. The term “Environmental Laws” shall mean any and all federal, state or local laws and
regulations of an environmental nature, including, in all cases, any judgments, orders, notices, notices of infraction or non-compliance, decrees, codes, rules, directives, policies, guidelines and guides,
authorizations, authorization certificates, approvals, permissions and permits issued by any competent authorities, the whole as they may have been amended from time to time. 

5.3.6 Landlord Obligations. Landlord has provided to Tenant for review a copy of a Phase I environmental assessment, an asbestos report
and maps, and its operation and maintenance plan regarding asbestos. If Hazardous Substances exist in or are released into the Premises or the Project and the same must be remediated under applicable Law or to enable Tenant to construct its Tenant
Improvements or other improvements or alterations required to be constructed by Tenant under this Lease, and if such Hazardous Substances are not brought to or released from the Premises by Tenant or any of its employees, agents or contractors
(except as to any release, exposure or discovery of Hazardous Substances caused by demolition or site preparation for the construction of Tenant Improvements or such other improvements or alterations required to be constructed by Tenant under this
Lease), then Landlord shall promptly take or cause 

  
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to be taken all legally required remediation steps and all steps to allow Tenant’s Permitted Use of the Premises, including Tenant’s construction of Tenant Improvements or other
improvements or alterations required or permitted to be performed by Tenant under this Lease, without charge to Tenant. For the sake of clarity, Landlord’s obligation for removal of asbestos in accordance with this Section 5.3.6 is not
limited to asbestos identified in such Phase I environmental assessment, asbestos report or Landlord’s operation and maintenance plan regarding asbestos. If, in the course of performing Tenant’s Work or other works of improvement required
or permitted to be constructed by Tenant under this Lease, Tenant discovers the existence of Hazardous Substances in the Premises or the Project that are to be so remediated by Landlord, then Tenant and Landlord will agree upon the scope and
estimated cost of the required remediation and Landlord shall elect either to perform the remediation or to have Tenant perform the remediation in which latter event Landlord shall reimburse Tenant for the actual cost of such remediation upon
demand. 
 5.3.7 Occupancy. Landlord acknowledges and agrees that Tenant shall be permitted to construct or install, maintain and
operate the following: (i) three (3) control areas within the Premises or the Permitted Exterior Areas as shown on Exhibit A-2 and establish “H” occupancy in such
control areas, and (ii) all improvements in the Permitted Exterior Areas that are included in Tenant’s Work (as defined in the Work Letter). Tenant shall, at its expense, take all steps required related to such control areas or occupancy,
including making all improvements (subject to and in compliance with this Lease, including all provisions regarding Alterations) that are required by reason of the same. 

5.3.8 Survival. The covenants set forth in this Section 5.3 shall survive the expiration or termination of the Lease or any
transfer by Tenant, by assignment or otherwise, of any or all right, title, or interest of Tenant in the Premises. 
 5.4 Rules and
Regulations. Tenant and its employees and agents shall faithfully observe and comply with, and Tenant shall cause its invitees and licensees to observe and comply with, the rules and regulations attached as Exhibit D
and with such changes therein as Landlord may from time to time make and of which Landlord has notified Tenant (the “Rules and Regulations”). Landlord shall not be liable to Tenant for violation of the Rules and Regulations by any other
tenant or such other tenant’s employees, agents, invitees or licensees. 
 5.5 Parking. Tenant shall be entitled to use only
those parking spaces described in the Basic Lease Terms and not others. Landlord shall not be liable to Tenant nor shall this Lease be affected if such parking privileges are impaired by reason of any moratorium, initiative, referendum, statute,
regulation, or other governmental decrees or action which could in any manner prevent or limit the parking rights of Tenant hereunder. Landlord reserves the right to designate certain spaces for use by particular lessees or by visitors or vendors.
Tenant understands a separate parking contract may be required for persons parking at the Project and that such a contract may include restrictions related to parking. If any taxes or charges are imposed by governmental authorities in connection
with the use of such parking, these taxes and/or charges shall be paid directly by Tenant or the parking users, or, if directly imposed against Landlord, Tenant shall reimburse Landlord for all such taxes and/or charges within ten (10) days
after Tenant’s receipt of the invoice from Landlord. Tenant hereby waives any and all rights to install or to require Landlord to make available any electric vehicle charging station(s), whether such rights are granted by or under any present
or future law, including, without limitation, ORS Chapter 386 (Oregon Laws 2017). Tenant’s employees, while on business trips, shall be permitted to park their vehicles overnight and for multiple days provided that Tenant shall notify Landlord
in advance of such extended parking needs. 

  
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 5.6 Equipment. 

5.6.1 Tenant shall have (a) a non-exclusive right to install and maintain on the roof of Building
above the Premises equipment for its communications and data transmission network and related cabling (collectively, and with any other Equipment located on the roof, the “Rooftop Equipment”), and (b) the exclusive right to install
and maintain equipment needed to serve the Premises, such as a generator, an exterior chemical storage enclosure, an LN2 tower and/or supplemental HVAC unit, and related cabling and/or piping (the “Exterior Equipment”) in the locations
shown on Exhibit A-2, or such other locations as approved by Landlord in Landlord’s reasonable discretion (the “Permitted Exterior Areas”), all without charge
but in compliance with this Section. The Rooftop Equipment and Exterior Equipment are collectively referred to as the Equipment. 
 5.6.2
Tenant shall submit to Landlord for its approval complete plans for the installation of the Equipment. Without limiting the generality of the foregoing, Landlord may limit or require modification to the proposed plans and specifications of Rooftop
Equipment by reason of any of the following: 
 (a) No roof penetration shall occur with installation unless separately approved in writing.

 (b) Installation of Rooftop Equipment shall not interfere with operation or maintenance of any other roof-mounted equipment. 

(c) No Rooftop Equipment shall be installed if such installation will void or diminish any roof warranty or bond. 

5.6.3 The following provisions shall apply to Tenant’s installation of Equipment: 

(a) Tenant shall install the Rooftop Equipment only where coordinated and approved by Landlord and the Exterior Equipment only in the
Permitted Exterior Areas. Tenant shall install such screening and enclosures as Landlord requires from time to time. All references to the Equipment shall include all such screening. All provisions of the Lease, including those related to
alterations, apply to the Equipment and any work. 
 (b) Tenant shall obtain all necessary permits and approvals for the installation and
operation of the Equipment. Tenant shall at all times comply with all such permits and approvals, and all other legal requirements applicable to the Equipment. Tenant shall maintain and repair the Equipment in good condition and working order. 

(c) The Equipment will be installed and maintained at Tenant’s expense. 

  
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 (d) Tenant shall operate the Equipment in such a manner as to avoid interference with the
communications or other activities of any third party and to avoid causing any health risk. 
 (e) The Equipment shall be used solely for
the needs of Tenant in the Premises. The Equipment shall not be used to supply communications or any other service to any other lessee or location. 

5.6.4 Tenant shall remove the Equipment upon (i) the expiration of this Lease or the termination of this Lease or of Tenant’s right
of possession, (ii) Tenant ceasing to use the same, or (iii) exercise by Landlord of a right to require removal pursuant to the provisions of this Lease. Tenant shall, at that time, remove all of the Equipment and make such repair and
restoration to the Building as is necessary to return the same to its prior condition and as otherwise may be required by Landlord; provided, Landlord may elect to require that Tenant leave in place and convey to Landlord ownership of all or any of
the cabling. 
 5.6.5 All access to the roof of the Building shall be only at such times and by such personnel as shall have been approved,
in advance, by Landlord. Landlord shall have the right to require that any roof work be conducted by a contractor designated by Landlord; Landlord shall have no liability for such designation. Tenant shall not enter any premises leased to any other
lessee nor install or use Equipment in a manner which disturbs any lessee. Tenant shall reasonably cooperate with Landlord to accommodate any repair, maintenance or remodeling activity desired to be undertaken by Landlord in the vicinity of
Tenant’s Rooftop Equipment including, in the case of Rooftop Equipment not installed so that relocation is not required, relocating the same. Unless required by an emergency affecting life safety or by an express provision of this Lease, Tenant
shall not be required to discontinue operation of such Equipment. 
 5.6.6 Any generator will be used only to provide power during a utility
interruption and for the minimum testing periods recommended by the manufacturer. All testing will be done outside of business hours and/or in accordance with applicable laws and regulations. 

5.6.7 All electrical, water and other costs of operating the Equipment will be paid by Tenant. All covenants of defense and indemnity made by
Tenant in the Lease apply to any claim or loss related to or arising from the existence, use or operation of the Equipment. 
 5.6.8 Nothing
herein shall be construed as granting to Tenant any exclusive right to install Equipment or to use any space on the roof or elsewhere except in the Permitted Exterior Areas. The rights of Tenant in this Section are personal to Tenant and cannot be
assigned to, shared with, or used by any third party. 
 6. Condition of Premises, Maintenance and Repair;
Landlord’s Work; Roof Replacement. 
 6.1 Tenant’s Acceptance,
Landlord’s Work. By taking possession of the Premises on the Commencement Date, Tenant shall be deemed to have accepted the Premises AS IS, and as being in good, sanitary and working order, condition, and repair, subject to
Landlord’s obligation to perform Landlord’s Work and Landlord’s delivery of the Premises with the roof, HVAC systems, electrical, lighting, fire sprinkler and plumbing systems in good working

  
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condition, having been recently operated and regularly serviced; provided, however, that on or prior to the Commencement Date, Landlord shall have replaced the portion of the roof that serves the
Premises in accordance with the applicable provisions of Exhibit B. If any aspect of Landlord’s Work does not comply with the requirements of Schedule 1 to Exhibit B
or if any component of a Building system serving the Premises is not in good working order, and if Tenant notifies Landlord of such noncompliance or component that is not in good working order within 180 days of Landlord’s written notice to
Tenant that Landlord’s Work is substantially complete, then Landlord shall promptly correct such deficiency at Landlord’s sole cost and expense and not as an Operating Expense. 

6.2 Tenant’s Maintenance and Repair Obligations. Except as provided in Schedule 1 to
Exhibit B, Section 6.1 above and Section 6.5 below, Tenant, at its expense, shall be responsible for maintaining and repairing the Premises. However, notwithstanding any provision of this Lease, if the Premises
includes one or more server rooms or other areas served by separate HVAC equipment, then Tenant shall maintain, repair and replace all HVAC equipment serving such area(s). Tenant shall maintain, repair and replace all systems within the Premises
from the point of entry to the Premises. Tenant, at its expense, shall promptly replace all scratched, damaged or broken doors and glass in and about the Premises and shall be responsible for all repairs, maintenance and replacement of millwork,
cabinets, wall and floor coverings in the Premises and shall be responsible for all repairs to damage arising from any overflow of plumbing serving the Premises. Tenant shall be responsible for the cost of all repairs, interior and exterior,
structural and non-structural, ordinary and extraordinary, in and to the Premises and the Project and the facilities and systems thereof, the need for which arises out of (a) Tenant’s performance or
existence of Alterations (defined at Section 7.1), (b) the installation, use or operation of Tenant’s Property in the Premises, (c) the moving of Tenant’s Property in or out of the Project, (d) laws or regulations now
or hereafter in effect which require changes to the Premises and any changes elsewhere at the Project if due to the use of the Premises by Tenant or any legal requirement applicable to Tenant, or (e) the act, omission, misuse or neglect of
Tenant or any of its subtenants or its or their employees, agents, contractors or invitees. Tenant shall promptly report to Landlord any damage or injury occurring on or to the Premises or the Project. 

6.3 Manner. Tenant shall promptly make, at Tenant’s expense, all repairs in or to the Premises and the Project for which Tenant is
responsible. Such work shall be performed only by contractors approved by Landlord in Landlord’s reasonable discretion. Any such repairs in or to the Project and the facilities and systems thereof outside of the Premises and not in a Permitted
Exterior Area, at Landlord’s election, may be performed by Landlord at Tenant’s expense. 
 6.4 Janitorial Services. Tenant
shall supply janitorial services to the Premises to a standard that is substantially equivalent to the services provided in similar properties in the City. 

6.5 Landlord’s Maintenance and Repair Obligations. Landlord shall maintain, and cause to be made all structural
repairs to and replacements of, the roof, walls, foundations, concrete subflooring and underground utilities of the Project and Premises; the costs of such work will not be included in Operating Expenses. Except as provided in Sections 6.1 and 6.2
above, Landlord shall repair and maintain the lighting, plumbing, HVAC, and electrical systems or 

  
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network serving the Premises including electric based heating, to the point of entry to the Premises; the cost of such work will be included in Operating Expenses subject to limitations contained
in Section 3.1 and other provisions of this Lease requiring Landlord to perform work at its sole cost and expense, except for those repair costs for which Tenant is responsible pursuant to any of the provisions of this Lease. 

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

7. Alterations. 
 7.1
Landlord’s Consent. Tenant shall make no alterations, additions, or improvements in or to the Premises (herein, “Alterations”) without Landlord’s prior written consent, to be granted or withheld pursuant to
Sections 7.2 and 7.3 below, and, if such consent is granted, then only contractors or mechanics that are approved by Landlord shall effect such Alterations. Tenant shall not directly or indirectly submit any application to the City or
County, including, but not limited to, applications for a certificate of occupancy or for Alterations, without the prior written consent of Landlord, which consent shall not be unreasonably withheld. 

7.2 Procedure for Approval. If Tenant wishes to make any Alterations to the Premises that either (a) are of a structural nature or
involve any physical changes to the Premises, or (b) involve a cost greater than $2,500.00, or (c) involve the roof, foundation, exterior walls or interior load-bearing walls of the Building (collectively, “Major Work”), Tenant
shall submit to Landlord, for Landlord’s written approval, a written description of the Major Work that Tenant proposes to perform together with detailed plans and specifications for such Major Work. If Tenant wishes to make any alterations,
additions, or improvements to the Premises that do not constitute Major Work, Tenant shall submit to Landlord, for Landlord’s written approval, a written 

  
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description of such work. Reference herein to “structural work” or “work of a structural nature” shall have the meaning that such terms normally connote in the construction
industry. By way of example, alteration of interior non-load bearing walls and partitions, alteration of ceilings, installation of wall coverings, painting, installation of carpet, and similar work shall not
be deemed to constitute structural work; alteration to any exterior wall, load bearing wall, roof, plumbing system, electrical system, heating, ventilation, and air conditioning system or similar work shall be deemed to be of a structural nature.

 7.3 Standard for Approval. Landlord’s approval of proposed work shall not be unreasonably withheld or delayed if such work
(a) does not adversely affect, in Landlord’s reasonable judgment, the appearance of the Premises and/or Building or the value of the Premises and/or Building, (b) does not adversely affect, in Landlord’s reasonable judgment,
Landlord’s ability to re-lease the Premises, (c) does not affect the structural integrity of the Building or its systems, (d) conforms to the requirements of all building codes and any other
applicable laws and regulations, and (e) can be performed and completed without unreasonably disrupting the business or operation of the Building or of any other tenant of the Project. Tenant’s failure to obtain Landlord’s prior
written consent to any proposed work shall constitute an Event of Default hereunder. 
 7.4 Compliance with Laws. All work done by
Tenant shall be performed in full compliance with all laws, rules, orders and ordinances. Without limiting the generality of the foregoing: (a) Tenant, at its expense, shall obtain all necessary governmental permits and certificates for the
commencement and prosecution of Alterations and for final approval thereof upon completion, and shall cause the Alterations work to be performed in compliance with all such permits and certificates, applicable laws and requirements of public
authorities and with all applicable requirements of insurance, and (b) Tenant shall be responsible for assuring that the Premises complies with any and all requirements of the Americans with Disabilities Act and any other Federal, State or
local governmental agency requirements relating to Tenant’s specific use of the Premises or Tenant’s business operation. Landlord’s approval or consent to any proposed work shall not be deemed a waiver of, or an opinion respecting,
the compliance of the proposed work with the requirements of this Section 7.4. 
 7.5 Title to Alterations. All Alterations upon
the Premises performed during the Term of this Lease, including (without limiting the generality of the foregoing) all wall covering, built-in cabinet work, paneling, and the like shall, unless Landlord elects
otherwise in writing, become the property of Landlord, and shall remain upon and be surrendered with the Premises as a part thereof at expiration or earlier termination of this Lease, except that Landlord may, by written notice given to Tenant at
the time of Landlord’s prior written approval of an Alteration (or given at any time if no applicable prior written approval was given), require Tenant, at Tenant’s cost, (a) to remove such Alteration, and (b) to repair all
damage resulting from such removal. If Tenant fails to perform the foregoing, Tenant shall pay to Landlord all costs arising from Landlord’s performance of the same, which shall be due and payable upon Landlord’s demand. Notwithstanding
any other provision hereof, Tenant and not Landlord shall have the obligation to insure, repair, maintain, replace and restore all Alterations. 

  
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 7.6 Schedule/Manner of Work. All of Tenant’s contractors, suppliers, workmen,
and mechanics for any Alterations shall comply with such rules and conditions as Landlord may reasonably impose from time to time, which rules and conditions shall be enforced by Tenant at the discretion of Landlord. At any time any contractor,
supplier, workman, or mechanic performing construction of any Alterations performs any work that may or does impair the quality, integrity, or performance of any portion of the Building, Tenant shall cause such contractor, supplier, workman, or
mechanic to leave the Building and remove all his tools, equipment, and materials immediately upon written notice delivered to Tenant and Tenant shall reimburse Landlord for any repairs or corrections of any portion of the Building caused by or
resulting from the work of any contractor, supplier, workman, or mechanic performing any Alterations work. The quality of all Alterations to or involving structural, electrical, mechanical, life/safety, energy management, or plumbing systems in the
Premises shall be at least equal to the quality of such systems as on the Commencement Date. In the event of any labor disturbance caused by persons employed by Tenant or Tenant’s contractor, Tenant shall immediately take all actions necessary
to eliminate such disturbance in connection with the construction of the Alterations. Landlord shall have no liability to any contractors, subcontractors, material suppliers or any other third-party for any work, labor, services or materials done
for or supplied at the request of Tenant or any other person claiming through or under Tenant in or about the Premises or Building. Such contractors, subcontractors, material suppliers, and other third-parties are not third-party beneficiaries of
this Lease. Tenant is not Landlord’s agent or representative, and has no authority to obligate Landlord with respect to any such work, labor, services or materials. 

7.7 Debris. Tenant will cause construction of any Alterations to be accomplished in a neat, clean, and workmanlike manner. Tenant shall
not permit any trash, rubbish, or debris to accumulate in the Premises or the Project, and Tenant shall remove or cause to be removed all such trash, rubbish, and debris from the Premises and the Project and on a timely basis. Tenant shall be
responsible for any additional costs incurred by Landlord for cleaning the Project or any portion thereof, and for removing any trash, rubbish, or debris therefrom to the extent caused by Tenant’s construction of the Alterations. Tenant shall
not use the Project trash containers for any trash, rubbish or debris generated by any construction in the Premises. 
 7.8 Right of
Entry/Inspection. At reasonable times during the period of construction of any portion of any Alterations following reasonable prior notice to Tenant, Landlord and Landlord’s architects, engineers and contractors shall have the right to
enter upon the Premises to inspect the work of construction and the progress thereof. Tenant shall not close any work affecting any portion of the life safety, heating, ventilation, and air conditioning, plumbing, or electrical systems in the
Premises or Building until the same has been inspected and approved by Landlord’s engineers. No inspection or approval by Landlord’s engineers of any such work shall constitute an endorsement thereof or any representation as to the
adequacy thereof for any purpose or the conformance thereof with any governmental ordinances, codes, or regulations, and Tenant shall be fully responsible and liable therefor. 

7.9 Insurance. In addition to the insurance requirements set forth in Section 8, during the period of construction of any
Alterations, Tenant and Tenant’s general contractor shall maintain worker’s compensation, builder’s all-risk and public liability insurance, and such other insurance as Landlord may reasonably
require in amounts satisfactory to Landlord. All policies shall have such coverage limits, and be underwritten by such companies, as Landlord shall approve, and shall name Landlord and its property manager and asset manager as additional insureds
thereunder. Before the commencement of construction of any Alterations, Tenant and Tenant’s general contractor must deliver certificates of all such insurance policies and such insurance policies must be approved by Landlord. 

  
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 7.10 Non-Responsibility of Landlord;
Indemnification. Tenant hereby acknowledges that Landlord shall have no responsibility whatsoever for the construction of any Alterations or for any defects therein. Tenant shall notify Landlord in writing no less than ten (10) days before
the commencement of construction of any Alterations in order to afford Landlord an opportunity to post and record appropriate notices of non-responsibility. Tenant, at its expense, shall procure the
cancellation or discharge of all notices of violation arising from or otherwise connected with Alterations work, or any other work, labor, services or materials done for or supplied to Tenant, or any other person claiming through or under Tenant, in
or about the Premises or Project. Tenant shall defend, indemnify and save harmless Landlord and any mortgagee for, from, against and regarding any and all mechanics and other liens and encumbrances filed in connection with, and any other claims,
charges, liabilities, obligations, penalties, causes of action, liens, damages, cost and expense (including attorney’s fees) arising or incurred by or against Landlord and arising in connection with, the Alterations work, or any other work,
labor, services or materials done for or supplied to Tenant, or any person claiming through or under Tenant, in or about the Premises or Project. Tenant, at its expense, shall procure the satisfaction or discharge of record of all such liens and
encumbrances of record within fifteen (15) days after the filing thereof; provided, Tenant may contest, in good faith and at its own expense, any notice of violation, or lien, provided Tenant posts for the protection of Landlord security in an
amount and form acceptable to Landlord. Such indemnification obligation shall extend to all reasonable costs, attorneys’ fees, and liabilities incurred in connection with the defense of any such claim (including appeals and petitions for
review) or any action or proceeding brought thereon. 
 8. Liability and Insurance. 

8.1 Action by Tenant. Tenant shall not do, or permit anything to be done, or keep or permit anything to be kept in the Premises that
would subject Landlord to any liability or responsibility for personal injury, death or property damage, or, to the extent Landlord has so advised Tenant, that would increase insurance rates in respect of the Project or the property therein over the
rates that would otherwise then be in effect or that would result in insurance companies of good standing refusing to insure the Project or the property therein in amounts satisfactory to Landlord, or that would result in the cancellation of or the
assertion of any defense by the insurer in whole or in part to claims under any policy of insurance in respect of the Project or the property therein. If, by reason of any failure of Tenant to comply with the provisions of Section 5 or this
Section 8.1, the premiums on Landlord’s insurance on the Project and/or property therein shall be higher than they otherwise would be, Tenant shall reimburse Landlord, on demand, for that part of such premiums attributable to such failure
on the part of Tenant. 
 8.2 Landlord’s Insurance. Landlord shall procure and maintain at all times during the
Term of this Lease a policy or policies of insurance covering loss or damage to the Premises in the amount of the full replacement value thereof (exclusive of Tenant’s trade fixtures, Alterations, equipment and personal property), providing
protection against all perils included within the classification of fire, extended coverage, all risk of loss as it relates to the standard insuring clause, loss of rental income, Landlord’s risk liability coverage, and to the extent any
mortgagee of the Project may require or as Landlord may deem prudent, coverage against such other hazards that are then commonly insured against for similar properties. Such insurance shall provide for payment of loss thereunder to Landlord and/or
the holder of any mortgages or deeds of trust or real estate contracts on the Project. 

  
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 8.3 Waiver of Subrogation. Each party hereby releases the other party and its agents
and employees in respect of any claim that the releasing party might otherwise have against the other party or its agents or employees for, and waives any right of subrogation in respect of, loss, damage or other casualty to tangible property owned
by the releasing party occurring during the term of this Lease to the extent of insurance proceeds received by the releasing party from insurance required to be carried hereunder (or which would have been received had such party complied with such
requirements) or, if greater, the proceeds actually received from all insurance maintained by the releasing party. Tenant shall secure an appropriate clause in, or an endorsement upon, each insurance policy obtained by it and covering or applicable
to the Premises or the personal property, fixtures and equipment located therein, pursuant to which the insurance company waives subrogation or permits the insured, prior to any loss, to make the waiver set forth in this Section 8.3, without
invalidating the coverage under the insurance policy. The waiver of subrogation or permission for waiver of any claim shall extend to Landlord and its agents and employees. 

8.4 Commercial General Liability Insurance. Tenant, at its expense, shall procure and maintain at all times during the Term and at any
time prior to the Term that Tenant is given possession of the Premises, commercial general insurance in respect of the Premises and the conduct or operation of business therein, on an occurrence basis, with Landlord, its property manager and asset
manager, and any mortgagee or master lessor whose name and address shall previously have been furnished to Tenant, as additional insureds, with limits of not less than $3,000,000 on a combined single limit basis. All such insurance shall insure the
performance by Tenant of the defense and indemnity obligations of Tenant under this Lease. 
 8.5 Tenant’s Property
Insurance. Tenant shall also at its own expense maintain, during the Term, and at any time prior to the Term that Tenant is given possession of the Premises, insurance covering all of its personal property including its furniture, fixtures,
trade fixtures, equipment, and inventory, and all Alterations and other betterments, in an amount equal to not less than one hundred percent (100%) of the full replacement value thereof and insuring against fire and all risk perils coverage as
provided by a standard all risk coverage endorsement (commonly known as “causes of loss – special form”). The plate glass and all other glass is the responsibility of the Tenant in the event of breakage from any cause. 

8.6 Insurance Policies. All insurance policies required to be carried by Tenant hereunder shall be with companies and with loss-payable
clauses satisfactory to Landlord and evidence of such insurance shall be delivered to Landlord by Tenant prior to Tenant commencing occupancy and thereafter prior to each renewal thereof. Such evidence of insurance shall be from a company holding a
“Best’s Rating” of at least A- VII or better, shall indicate that the insurance policy is in full force and effect, and that the policy bears an endorsement that the same may not be canceled or
amended unless thirty (30) days prior written notice of the proposed cancellation or amendment has been given to Landlord. All such evidence of insurance and each such policy of insurance required to be maintained by Tenant hereunder shall
expressly evidence insurance coverage as required by the Lease. All such policies shall be written as primary policies not contributing with and not in excess of coverage which Landlord may carry, and shall not have a “deductible” in
excess of a commercially reasonable amount approved in advance by Landlord. 

  
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 8.7 Increase in Coverage. Landlord may from time to time require that the amount of
liability insurance to be maintained by Tenant under Section 8.4 be increased to an amount determined by Landlord to be necessary to adequately protect Landlord’s interest. Upon receipt by Tenant of a notice from Landlord stating the
increased amount of insurance, Tenant shall thereafter carry the insurance as set forth in such notice. In no event shall the amount of public liability insurance to be carried by Tenant be less than the amount specified in Section 8.4. 

9. Landlord’s Property, Tenant’s Property. 

9.1 Landlord’s Property. Subject to Tenant’s right to demolish existing leasehold improvements to construct
Alterations approved by Landlord or otherwise permitted under this Lease, all fixtures, equipment, improvements and appurtenances attached to or built into the Premises, whether or not by or at the expense of Tenant, shall be and remain a part of
the Premises, shall be deemed the property of Landlord and shall not be removed by Tenant, except as provided in Section 7.5. 
 9.2
Tenant’s Property. All unattached business and trade fixtures, machinery and equipment, communications equipment and office equipment that are installed in the Premises by or for the account of Tenant without expense to
Landlord and that can be removed without structural damage to the Building and all furniture, furnishings (excluding window coverings) and other articles of movable personal property owned by Tenant and located in the Premises (together, the
“Tenant’s Property”) shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term of this Lease; provided, that if any of Tenant’s Property is removed, Tenant shall repair or pay the cost of
repairing any damage to the Premises or to the Building resulting from the installation and/or removal thereof. Any equipment or other property for which Landlord shall have granted any allowance or credit to Tenant shall not be deemed to have been
installed by or for the account of Tenant without expense to Landlord, shall not be considered Tenant’s Property, and shall be deemed to be the property of Landlord. 

9.3 Removal. At or before the Expiration Date of this Lease, or any earlier termination of this Lease, Tenant, at its expense, shall
remove from the Premises all of Tenant’s Property (except such items thereof as Landlord shall have expressly permitted to remain, which property shall become the property of Landlord), and Tenant shall repair any damage to the Premises or the
Building resulting from any installation and/or removal of Tenant’s Property. Notwithstanding any other provision of this Lease, unless Landlord otherwise elects by separate written notice, Tenant shall remove, at or prior to the expiration or
termination of this Lease, at its expense, all wiring and cabling installed at the Premises which shall have been installed by Tenant or which Landlord shall have installed pursuant to this Lease or at the request of Tenant. Such wiring and cabling
shall include but not be limited to (a) wiring and cabling above the ceiling panels, behind or within walls, and under or within floors, (b) wiring and cabling for voice, data, security or other purposes, and (c) all related
installations, equipment and items whatsoever. If Tenant fails to remove, by the earliest of the date of expiration or termination of this Lease or of Tenant’s right of possession (the “Removal Date”) all items required to be removed
by this Lease (including all of Tenant’s Property, cabling, and Alterations to be removed), or to accomplish by 

  
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the Removal Date all restoration required by this Lease, then Landlord shall have, in addition to all other rights, the right to collect as additional damages rent at the rate of all holdover
rent described in Section 10 below from the Removal Date until all such obligations are performed. Collection of these additional damages is not a waiver of any Event of Default or of any other remedy, is not a waiver of any other damages, and
does not extend the Lease Term nor grant Tenant any possessory right following the Removal Date. 
 9.4 Abandonment. In addition to
Landlord’s rights at Section 18.2.1, any items of Tenant’s Property that shall remain in the Premises after the Expiration Date of this Lease, or any earlier termination of this Lease, at the option of Landlord, may, at
Landlord’s election, be deemed to have been abandoned, and Landlord may without notice to Tenant, dispose of Tenant’s Property, sell Tenant’s Property at a public or private sale on such terms as Landlord determines in its sole and
absolute discretion and apply any proceeds first to the expenses of the sale and then to any amount owed by Tenant, and/or otherwise deal with Tenant’s Property in such manner as Landlord shall determine, all at Tenant’s expense. 

10. Holding Over. 
 10.1
Grant of Right. Tenant shall have the right to give to Landlord written notice (the “Holdover Notice”) at least 180 days prior to the scheduled Expiration Date of the Lease that Tenant will holdover in the Premises for a period
specified in the Holdover Notice not to exceed 60 days (the “Permitted Period”). During the Permitted Period, Tenant shall lease the Premises on the terms of the Lease except (a) Base Rent shall be 103% of the final amount scheduled
to be due under the Lease, and (b) Tenant shall have no right to again give a Holdover Notice. 
 10.2 Termination of Right. The
rights granted in this Section shall terminate and shall cease to be effective: (a) upon any assignment of this Lease or any sublease of all or part of the Premises other than to an Affiliate Assignee; or (b) upon any Event of Default by
Tenant or the termination of this Lease or of Tenant’s right of possession. 
 10.3 Amendment to Lease. If Tenant exercises the
right to give the Holdover Notice, Landlord and Tenant shall execute and deliver an amendment to this Lease setting forth such fact and the amount of Base Rent for the Permitted Period. 

10.4 Limitation. No Holdover Notice shall create any Permitted Period following any termination of this Lease or of Tenant’s right
of possession; a Permitted Period may only follow the scheduled Expiration Date of the Term. The exercise of this right to a Holdover Period does not alter the date by which notice exercising an option to renew must be given. 

10.5 Holding Over. If Tenant holds over after the Expiration Date or earlier termination of the Term other than during a Permitted
Period, Tenant shall become a tenant at sufferance only, at a rental rate equal to 150% of the Base Rent in effect upon the date of such expiration or termination (prorated on the basis of a thirty-day month
and actual days elapsed), and otherwise subject to the terms, covenants, and conditions herein specified, so far as applicable. At the written election of Landlord made at any time during such tenancy at sufferance, the term of this Lease shall be
extended from the date of such notice until the 90th day thereafter, on all the 

  
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terms and conditions set forth herein (other than any rights of extension, renewal, or expansion in favor of Tenant) at the rental rate specified in this Section 10. Acceptance by Landlord
of rental after such expiration or earlier termination shall not result in a renewal or extension of this Lease. The provisions of this Section 10 are in addition to and do not affect Landlord’s right of
re-entry or any rights of Landlord hereunder or as otherwise provided by law. Tenant shall pay to Landlord all losses, and indemnify Landlord for all claims (including those made by any succeeding lessee),
arising from any holdover by Tenant other than during a Permitted Period. 
 10.6 Relationship to Other Provisions. During the
Permitted Period, Tenant shall have no right to be offered or to lease any Right of First Refusal Space pursuant to Section 1.5 of this Amendment. 

11. Utility Service and Charges. 

11.1 Utility Service. Tenant may, as part of Tenant’s Work, cause HVAC service, electricity and gas to be metered or measured to
the Premises. If any utility or service to the Premises is separately metered, sub-metered or measured, Tenant shall pay the charges monthly as directed by Landlord. The cost of these same utilities and
services when supplied to common areas will be an Operating Expense. Tenant shall pay monthly the cost of all other utilities and services for the Premises as Operating Expenses or as otherwise invoiced by Landlord. 

11.2 Discontinuance and Interruption of Service. Landlord shall not be liable to Tenant in damages or otherwise for the quality,
quantity, failure, unavailability or disruption of any utility service and the same shall not constitute a termination of this Lease, or an actual or constructive eviction of Tenant, or entitle Tenant to any abatement of Rent. Tenant hereby waives
the provisions of any existing or future law, ordinance or governmental regulation permitting the termination of this Lease due to an interruption, failure or inability to provide any services. 

11.3 Landlord’s Right to Alter Utilities. Landlord may at any time alter any utility, and related equipment, serving
the Project, provided such alteration does not materially interrupt service to the Premises and does not unreasonably interfere with Tenant’s business operations within the Premises. 

11.4 High Voltage Equipment. Tenant shall not, without the prior written consent of Landlord, use any equipment, machine, apparatus or
device within the Premises that alone or in combination exceed the capacity of the electrical service to the Premises. 
 11.5 Cost of
Increasing Capacity. Tenant shall not, without Landlord’s prior written consent (which Landlord may give or withhold in its sole discretion) install or use equipment, machinery or other apparatus in the Premises that have electrical
requirements that exceed the electrical load capacity of the Premises existing on the Commencement Date. Should Landlord consent to installation or use of any such equipment, machine or apparatus, the additional equipment required to increase the
electrical capacity of the Premises to accommodate such installation and usage shall be provided by Landlord at Tenant’s expense. Tenant shall, prior to purchase and installation thereof, pay to Landlord the cost to purchase, install, service
and maintain such additional equipment. 

  
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 12. Climate Control. Except as otherwise provided in this Lease, Landlord shall
maintain and operate the Building’s central heating, ventilating and air-conditioning systems serving the Premises; the timing of any scheduled repair or maintenance work that may disrupt service will be
coordinated with Tenant at least thirty (30) days prior to the proposed date of such work and Landlord shall use commercially reasonable efforts to minimize the duration and impact of any service outage. The costs of Landlord performing this
work shall be included as an Operating Expense to the extent permitted by Section 3 of this Lease. Tenant shall pay when due the actual cost of all metered or measured charges at the rates in effect during Tenant’s usage. The Premises will
be equipped with thermostats that Tenant will control and Tenant will control the Building system to the extent it serves the Premises. Tenant may install supplemental HVAC equipment and will control the same. Notwithstanding any provision of this
Lease, if the Premises includes one or more server rooms or other areas served by separate HVAC equipment or if any HVAC equipment is installed as part of Tenant’s Work or as an Alteration, then Tenant shall maintain, repair and replace the
same and shall pay as directed by Landlord all actual costs of electricity for such HVAC equipment metered or measured. 
 13. Signs,
Displays, Auctions, and Sales. 
 13.1 General. Tenant may install signage on the exterior of the Building eyebrow signage,
signage at its main entrance, and signage on one monument sign if now existing or if later created by Landlord. All costs related to such signage will be paid by Tenant. All Tenant signage must comply with applicable law and Landlord’s standard
sign criteria. Tenant’s signage shall be subject to Landlord’s prior written approval as to location, size and design. All signage must comply with all recorded documents. All signage material and installation will be at Tenant’s sole
cost and expense. At its cost, Tenant shall remove all of its signage and restore all affected surfaces at the end of this Lease. Tenant shall not place or suffer to be placed on the exterior walls or windows of the Premises or upon the roof or any
exterior door or wall or on the exterior or interior of any window thereof any other sign or any awning, canopy, marquee, advertising matter, decoration, picture, letter or other thing of any kind without the prior written consent of Landlord. If
Tenant shall install any sign without Landlord’s consent and/or in violation of the foregoing, Landlord shall have the right and authority without liability to Tenant to enter upon the Premises, remove and store the subject sign and repair at
Tenant’s cost all damage caused by the removal of the sign. Landlord will provide any Building standard directory signage. 
 13.2
Tenant’s Interior Signs. Tenant shall have the right, at its sole cost and expense, to erect and maintain within the interior of the Premises all signs and advertising matter customary or appropriate in the conduct of
Tenant’s business; provided, however, that Tenant shall upon demand of Landlord immediately remove any sign, advertisement, decoration, lettering or notice which Tenant has placed or permitted to be placed in, upon or about the Premises and
that Landlord reasonably deems objectionable or offensive, and if Tenant fails or refuses to so do, Landlord may enter upon the Premises and remove the same at Tenant’s cost and expense. In this connection, Tenant acknowledges that the Premises
are a part of an integrated business environment, and that control of all signs by Landlord is essential to the maintenance of uniformity, propriety and the aesthetic values in or pertaining to the Project. 

  
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 13.3 Displays. Tenant may not display or sell merchandise or allow carts or other
similar devices within the control of Tenant to be stored or to remain outside the defined demising walls and permanent doorways of the Premises. Tenant shall not install any exterior lighting, amplifiers, or similar devices or use in or about the
Premises such items as flashing lights, searchlights, loudspeakers, phonographs or radio broadcasts, nor make, or allow to be made, any odor or excessive noise in or around the Premises. No advertisement or sound of advertising shall be permitted to
be heard outside of the Premises. 
 13.4 Auctions. Tenant shall not conduct or permit to be conducted any sale by auction upon or
from the Premises, whether said auction be voluntary, involuntary, pursuant to any assignment for the payment of creditors or pursuant to any bankruptcy or other insolvency proceeding. No auction, fire, bankruptcy, “going out of business”
or other distress sales of any nature may be conducted on the Premises without prior written consent of Landlord, which consent may be conditioned as Landlord deems appropriate. 

14. Access and Control of Premises. 

14.1 Access to Premises. Landlord shall have access to the Premises at all reasonable times with, except in emergencies, reasonable
notice to Tenant and in compliance with Tenant’s confidentiality, security and health and safety protocols to: (a) inspect the Premises; (b) exhibit the Premises to prospective purchasers, lenders or tenants; (c) determine
whether Tenant is complying with its obligations hereunder; (d) supply any service to be provided by Landlord to Tenant hereunder; (e) post notices of non-responsibility; (f) make repairs
required of Landlord hereunder or repairs to any adjoining space or utility services or make repairs, alterations or improvements to any other portion of the Project, provided, however, that all such work shall be done in a commercially reasonable
and prompt manner, or (g) exercise any of its rights hereunder including, without limitation, its cure rights under Section 17.1. Landlord may, in order to carry out such purposes, erect scaffolding and other necessary structures where
reasonably required by the character of the work to be performed, and during the course of work being performed keep and store upon the Premises all necessary material, supplies, and equipment, provided that the business of Tenant shall be
interfered with as little as is reasonably practicable. For each of the aforesaid purposes, Landlord shall at all times have and retain a key with which to unlock all of the doors in, upon and about the Premises, excluding Tenant’s vaults and
safes, if any. No additional locks shall be placed by Tenant upon any doors in the Premises and if more than two keys for any lock are desired, such additional keys shall be paid for by Tenant. All keys shall be duplicated only by Landlord, and
under no circumstance shall Tenant cause any key to be duplicated. Landlord shall have the right to use any and all means which Landlord may deem proper to open said doors in an emergency or in re-taking
possession in order to obtain entry to the Premises, and any entry to the Premises obtained by Landlord by any of said means, or otherwise, shall not under any circumstance be construed or deemed to be a forcible or unlawful entry into, or a
detainer of, the Premises, or an eviction of Tenant from the Premises or any portion thereof, and any damages caused on account thereof shall be paid by Tenant. 

14.2 Security System. Any security system installed by Tenant, as part of Tenant’s Work or as an Alteration, must be compatible
with Landlord’s security system for the Building. 

  
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 14.3 Project Changes. Landlord reserves the right, at any time, without incurring any
liability by Tenant therefor, and without affecting or reducing any of Tenant’s covenants and obligations hereunder, to make such changes, alterations and improvements in or to the Project and the fixtures and equipment thereof, as Landlord
shall reasonably deem necessary or desirable, including the temporary or permanent closure or inoperability provided that Tenant’s use of the Premises for the conduct of its business as normally conducted is not materially adversely affected
thereby. Landlord reserves the right, and Tenant shall reasonably permit Landlord, to install, erect, use and maintain pipes, ducts and conduits in and through the Premises, so long as the installation and maintenance thereof do not materially
adversely impact the use of the Premises or safety, or materially detract from the appearance of the Premises. Landlord may remodel or redevelop any part of the Project, may reconfigure the common areas, and/or may add one or more additional
buildings or common areas. 
 15. Damage or Destruction. 

15.1 Rights and Obligations. 

15.1.1 Obligation to Rebuild. If the Project, or any portion thereof, is damaged, destroyed, or rendered untenantable due to fire or
other casualty, Landlord shall provide written notice to Tenant within 60 days after discovery of such damage of the amount of time Landlord reasonably estimates it will take to repair, reconstruct or restore the Project or the Premises, as
applicable (the “Restoration Period”). 
 In the event of such damage or destruction, if 

(a) the damage or destruction does not exceed thirty-five percent (35%) of the insurable value of the Building or Project, as applicable, 

(b) the estimated Restoration Period does not exceed one hundred eighty (180) days from commencement of such work, and 

(c) Landlord will receive insurance proceeds sufficient to cover the cost of such repairs, reconstruction or restoration (unless Landlord
shall have breached its obligations under Section 8.2 to maintain required insurance), 
 then Landlord shall be obligated to restore the Premises and
such common areas of the Building as are essential to Tenant’s operation of the Permitted Use at the Premises to a condition reasonably comparable to its condition prior to such casualty. In such event, this Lease shall remain in full force and
effect, Rent shall be adjusted pursuant to Section 15.2, Landlord will commence such restoration as soon as commercially practicable, and will diligently complete the restoration. 

15.1.2 Right to Terminate. In the case of a casualty loss not described in Section 15.1.1, then within sixty (60) days after
such a casualty Landlord shall have the right to elect either to terminate this Lease or to conduct restoration. Landlord shall make its election by written notice to Tenant within such sixty (60) day period of time. If Landlord so elects to
terminate this Lease, the termination shall be effective thirty (30) days after receipt of the notice by Tenant. If Landlord does not deliver written notice of its election to either terminate or restore within such sixty (60) day period,
Landlord will be deemed to have elected to restore the Premises and the Project.    If Landlord has timely elected to restore or is deemed to have made such election, then Rent shall be abated in accordance with Section 15.2
and Landlord shall restore the Premises 

  
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and such common areas of the Building as are essential to Tenant’s operation of the Permitted Use at the Premises in accordance with the requirements of Section 15.1.1. If Landlord has
not terminated this Lease in accordance with the foregoing provisions of this Section 15.1.2, and (i) either thirty-five percent (35%) or more of the Premises is damaged or destroyed, or (ii) the estimated Restoration Period as to the
Premises is one eighty (180) or longer, then Tenant shall have the right to terminate this Lease within thirty (30) days of receiving Landlord’s written estimate of the Restoration Period by providing written notice to Landlord of
such election. If Tenant so elects to terminate this Lease, the termination shall be effective thirty (30) days after receipt of such termination notice by Landlord. 

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

  
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 15.5 Tenant’s Waiver of Statutory Rights. Tenant waives any
statutory rights of termination which may arise by reason of the partial or total destruction of the Premises. 
 16. Eminent Domain.

 16.1 Total Condemnation. If the whole of the Project, the Building or the Premises shall be taken by condemnation or in any other
manner for any public or quasi-public use or purpose, (including a sale under threat of condemnation) this Lease shall terminate as of the date of vesting of title on such taking or the date the condemning authority takes possession, if earlier (the
“Date of Taking”), and the Base Rent and Additional Rent shall be prorated and adjusted as of the Date of Taking. 
 16.2
Partial Condemnation. If a part of the Project shall be so taken, this Lease shall be unaffected by such taking, except that: 

16.2.1 Landlord’s Option to Terminate. If the taking is material and Landlord determines to demolish the Building or
re-develop the Project, Landlord may, at its option, terminate this Lease by giving Tenant notice to that effect within ninety (90) days after the Date of Taking; and 

16.2.2 Tenant’s Option to Terminate. If twenty percent (20%) or more of the Premises shall be so taken or the
remaining area of the Premises shall not be reasonably sufficient for Tenant to continue feasible operation of its business, Tenant may terminate this Lease by giving Landlord notice to that effect within ninety (90) days after the Date of
Taking. 
 16.3 Effect of Termination or Continuation. This Lease shall terminate on the date that such notice from the Landlord or
Tenant to the other shall be given, and the Base Rent and Additional Rent shall be prorated and adjusted as of such termination date. Upon a partial taking this Lease shall continue in force as to the remaining part of the Premises, and the Base
Rent and Additional Rent shall be adjusted according to the rentable area remaining. 
 16.4 Award. Landlord shall be entitled to
receive the entire award or payment in connection with any taking without deduction therefrom for any estate vested in Tenant by this Lease and Tenant shall receive no part of such award. Tenant shall have no claim against Landlord or the condemning
authority for the unexpired portion of the Term. Nothing contained in this Section 16.4 shall be deemed to prevent Tenant from making a claim in any condemnation proceeding for the value of any fixtures or furnishings installed by Tenant at its
sole expense and which are included in the taking. 
 16.5 Temporary Taking. A temporary taking (or transfer in lieu thereof) of any
portion of the Premises by any authorized authority shall not cause a termination of this Lease, but Tenant shall be entitled to a rent reduction or abatement during the period its possession is interfered with because of any such taking of the
Premises. Such rent reduction or abatement shall equal the lesser of the Rent that would have been payable by Tenant during the period of such temporary taking or an amount equal to the award paid by the condemning authority for such taking. If the
taking is for a period of longer than one year, or for an indefinite period that extends beyond one year, either Landlord or Tenant may elect to terminate this Lease by giving written notice to the other given within thirty (30) days after the
event giving rise to the right of termination. No temporary taking of any portion of the Project not including the Premises shall give Tenant the right to any rent abatement, reduction, or lease termination. 

  
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 16.6 Sole Rights. The rights of Tenant arising from a condemnation are limited to
those set forth in this Section and Tenant waives any other rights now or hereafter available under applicable law. 
 17.
Landlord’s Self-Help Rights; Liability and Indemnification. 
 17.1 Landlord’s Right to
Cure. If Tenant fails to pay or perform any of its obligations under this Lease, Landlord may, without waiving or releasing Tenant from its obligations hereunder, but shall not be required to, pay or perform such obligations on Tenant’s
behalf upon thirty (30) days’ notice to Tenant (except where, in Landlord’s reasonable opinion, an emergency posing imminent danger to persons or threat of material, imminent property damage exists, in which event no notice shall be
required), and Tenant shall reimburse or pay promptly to Landlord the reasonable cost thereof as Additional Rent. “Reasonable cost,” as used in this Section 17, means Landlord’s actual out-of-pocket costs to effect such cure plus ten percent (10%) to cover overhead, administrative and collection charges. There shall be no abatement of Rent and no liability of Landlord by reason of any
injury to or interference with Tenant’s business arising from Landlord’s exercise of its rights under this Section 17.1. 

17.2 Tenant’s Indemnity. Except for Excluded Claims, no Protected Party will be liable for injury to any person, or
for the loss of or damage to any property (including property of Tenant) occurring in or about the Premises from any cause whatsoever. Tenant hereby assumes all risk of damage to property or injury to persons in, upon or about the Premises, from any
cause whatsoever. Tenant hereby indemnifies and holds Landlord harmless, and shall defend Landlord and the other Protected Parties, for, from, against and regarding any and all claims, charges, liabilities, obligations, penalties, causes of action,
liens, damages, costs and expenses (including attorneys’ fees) arising, claimed, charged or incurred against or by Landlord and arising from or in connection with: (a) Tenant’s use or occupancy of, or any activity, work or other thing
done, permitted or suffered by Tenant on or about, the Premises, whether before, after or during the Term, (b) any breach or default in the performance of any obligation on Tenant’s part to be performed under this Lease, or (c) any
act or omission of Tenant, or any officer, contractor, agent, employee, guest, licensee, or invitee of Tenant with respect to the Project. Such indemnification obligation shall extend to all costs, attorneys’ fees, and liabilities incurred in
connection with the defense of any such claim (including appeals and petitions for review) or any action or proceeding brought thereon. Tenant hereby waives the provisions of ORS 656.018 and any other present or future law that limits or
eliminates the liability of an employer regarding claims for indemnity and/or contribution by Landlord or any other Protected Party in the event of injury or death of an employee. However, Tenant shall not be obligated to indemnify Landlord and the
other Protected Parties for, and, subject to the other provisions of this Lease, Landlord shall defend and indemnify Tenant against, claims by third parties for claims for bodily injury, death or damage to the property of third parties (other than
the property of subtenants or Users) that arise outside of the Premises to the extent caused by the negligence of Landlord (the “Excluded Claims”). 

  
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 17.3 Limit on Landlord’s Liability. Landlord and its agents shall
not be liable for any loss or damage to persons or property resulting from fire, explosion, falling plaster or other material, steam, gas, electricity, or from bursting, overflowing, or leaking of water, water or rain which may leak from or into any
part of the Premises or from pipes, appliances or plumbing works therein or from the roof, street or subsurface or from any other place, from dampness, from electrical wiring, circuitry, power surges, overloads, spiking or interruption of any kind,
from air conditioning equipment, or from gas or odors, sprinkler leakage, or from any other cause whatsoever. Landlord and its agents shall not be liable for interference with the light, air, or other incorporeal hereditaments or for any latent
defect in or on the Premises or the Project. Tenant shall give prompt notice to Landlord in case of casualty or accidents on or about the Premises. Landlord or its agents shall not be liable for any damage to property entrusted to employees of the
Project or its management. Landlord shall not be liable, regardless of cause (including negligence or breach) for the loss of or damage to any property, income or business, nor in any event for consequential damages. Nothing in this
Section 17.3 shall relieve Landlord of its warranty obligations or express requirements to deliver the Premises, the Building and the Project in the condition required under this Lease. 

17.4 Defense of Claims. In case any action or proceeding shall be brought against Landlord by reason of a claim covered by the
provisions of Section 17.2, Tenant, upon notice from Landlord, shall defend the same at Tenant’s expense, by counsel approved in writing by Landlord. 

18. Defaults and Remedies. 

18.1 Events of Default. In addition to events described elsewhere in this Lease as constituting a “default” or an “Event
of Default,” the occurrence of any one or more of the following events shall constitute an Event of Default hereunder by Tenant: 
 (a)
Tenant’s vacation or abandonment of the Premises without having taken reasonable measures to ensure security and adequate maintenance of the Premises, except to the extent Tenant is prevented from accessing the Premises by governmental
authorities or order or applicable law; 
 (b) Tenant’s failure to make any payment of Rent hereunder as and when due, where such
failure shall continue for a period of three (3) days after Tenant’s receipt of written notice thereof; provided that Landlord may satisfy the three day notice requirement by delivering any notice under the unlawful detainer statutes;

 (c) Tenant’s failure at any time to carry insurance, with the coverage and in the amounts, required to be carried by this Lease;

 (d) Tenant’s failure to observe or perform any of the other covenants or provisions of this Lease to be observed or performed by
Tenant, where such failure shall continue for a period of five (5) days after written notice thereof from Landlord to Tenant (unless this Lease elsewhere provides that such failure alone constitutes an Event of Default hereunder upon its
occurrence). If the nature of Tenant’s default is such that more than five (5) days are reasonably required for its cure, then upon Tenant’s written request within such five (5) day period an Event of Default shall not be deemed
to occur if Tenant shall commence such cure within said five (5) day period and shall thereafter diligently prosecute such cure to completion, but in no event shall such default extend beyond thirty (30) days. Once notice of a violation of
this Lease has been given, no additional notice shall be required in order for Landlord to exercise remedies under Section 18.2 by reason of a recurrence or continuation of such violation; or 

  
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 (e) If (i) Tenant or any Guarantor named in the Basic Lease Terms summary preceding
this Lease shall make any general assignment for the benefit of creditors; (ii) a petition to have Tenant adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy shall be filed by or against
Tenant or any such Guarantor (unless the same is dismissed within 30 days); (iii) a trustee or receiver is appointed to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this
Lease, where possession is not restored to Tenant within 30 days; or (iv) substantially all of Tenant’s assets located at the Premises, or of Tenant’s interest in this Lease, is attached, executed upon, or otherwise judicially seized,
where such seizure is not discharged within 30 days. 
 18.2 Remedies. Upon the occurrence of an Event of Default, Landlord may
exercise any one or more of the remedies set forth in this Section 18, or any other remedy available under applicable law or contained in this Lease. 

18.2.1 Re-Entry. To the greatest extent allowed by applicable law, Landlord or Landlord’s
agents and employees may immediately or at any time thereafter re-enter the Premises, or any part thereof, peaceably but using such reasonable force as may be required, and without judicial process, or by any
suitable action or proceeding at law, and may repossess the Premises, and may remove any persons, fixtures or chattels therefrom, to the end that Landlord may have, hold and enjoy the Premises. Any judicial action for the eviction of Tenant shall be
governed by the process set forth in the Forcible Entry and Wrongful Detainer statutes set forth in ORS 105.105 et seq., or any successor statute, as the same may be amended, notwithstanding that all or part of any such statute may not
otherwise apply to nonresidential space. In the event of any such retaking of possession of Premises by Landlord, Tenant shall remove all personal property located thereon and upon failure to do so upon demand of Landlord, Landlord may in addition
to any other remedies allowed by law, remove and store the same in any place selected by Landlord, including but not limited to a public warehouse, at the expense and risk of Tenant. If Tenant shall fail to pay all sums due hereunder together with
the cost of storing any such property within thirty (30) days after it has been stored, Landlord may sell any or all of such property at public or private sale and shall apply the proceeds of such sale first, to the cost of such sale; second,
to the payment of the charges and expenses for reentry, removal and storage; third, to the payment of any other sums of money that may be due from Tenant to Landlord under the terms of this Lease; and the balance, if any, to Tenant. Tenant hereby
waives all claims for damages that may be caused by Landlord’s re-entering and taking possession of the Premises or removing and storing or selling the property of Tenant as herein provided and in
accordance with applicable law, and will indemnify, defend and save Landlord harmless from loss, costs or damages to Tenant occasioned thereby, and no such re-entry shall be considered or construed to be a
forcible entry. RE-ENTRY OR TAKING POSSESSION OF SAID PREMISES BY LANDLORD SHALL NOT BE CONSTRUED AS AN ELECTION ON ITS PART TO TERMINATE THIS LEASE UNLESS A WRITTEN NOTICE OF SUCH INTENTION IS GIVEN TO
TENANT. 

  
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 18.2.2 Continue the Lease. Landlord may elect to continue this Lease in effect,
whether or not Tenant shall have abandoned or Landlord shall have re-entered the Premises. If Landlord continues this Lease in effect, Landlord shall be entitled to enforce all Landlord’s rights and
remedies under this Lease, including the right to recover the Rent as the same may become due hereunder and to recover damages from Tenant in accordance with the provisions of this Section 18. 

18.2.3 Terminate Lease. Landlord may terminate Tenant’s right to possession and use of the Premises and/or terminate this Lease,
in which case Tenant shall immediately surrender possession of the Premises to Landlord and shall pay Landlord damages as provided at this Section 18. 

18.2.4 Monetary Damages and Recovery. Tenant shall have full liability for payment of all damages directly or indirectly suffered by
Landlord which are proximately caused by any default or breach under this Lease, whether or not such default or breach is declared by Landlord, and such elements of damage and recovery by Landlord from Tenant shall specifically include, but not be
limited to: 
 (a) the worth at the time of award of any unpaid Rent which had been earned at the time of such termination of the Lease or
possession; plus 
 (b) the worth at the time of award of the amount by which the unpaid Rent which would have been earned after termination
of the Lease or possession until the time of award exceeds the amount of such Rent loss that Tenant proves could have been reasonably avoided; plus 

(c) the worth at the time of award of the amount by which the unpaid Rent for the balance of the Term after the time of award exceeds the
amount of such Rent loss that Tenant proves could be reasonably avoided; plus 
 (d) the worth at the time of award of any other amount
necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or that in the ordinary course of things would be likely to result therefrom, including but not limited
to, all legal expenses and other related costs incurred by Landlord following Tenant’s default; the unamortized portion of any rent abatement, tenant improvement costs and leasing commission paid or incurred by Landlord related to the then
current Term of this Lease which is attributable to the unexpired portion of this Lease (amortized evenly over the then current Term with 8% interest); all costs incurred by Landlord in restoring the Premises to good order and condition, or in
remodeling, renovating or otherwise preparing the Premises for reletting; all other costs incurred by Landlord in reletting the Premises, including, without limitation, any brokerage commissions, legal fees and the value of Landlord’s time; and
interest, late charges and administrative fees, as herein provided. 
 The “worth at the time of award” referred to in Paragraphs
(a), (b), and (d) above will additionally include interest at the Default Rate. The “worth at the time of award” referred to in Paragraph (c) will be computed by discounting the amount at the discount rate of the Federal Reserve
Bank of San Francisco in effect at the time of award, plus one percent (1%). 

  
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 “Rent” shall be calculated for each month by adding (i) the monthly Base
Rent and (ii) one-twelfth (1/12th) of the Additional Rent payable by Tenant hereunder during the twelve (12) consecutive month period prior to the month in which the Event of Default occurred (or one-twelfth (1/12th) of the annualized amount of Additional Rent payable by Tenant for the period between the Commencement Date and the last day of the calendar month prior to the month in which the Event of Default
occurred, if the Event of Default occurs during the first twelve (12) calendar months of the Term). 
 Landlord shall not be obligated
to relet the Premises to a particular tenant, or, in the event of any such reletting, for refusal or failure to collect any rent due upon such reletting; and no such refusal or failure shall operate to relieve Tenant of any liability under this
Lease or otherwise affect any such liability. Landlord shall not be obligated to relet the Premises to Tenant or any person or entity affiliated with Tenant or with any owner of Tenant, nor shall Landlord be obligated to relet the Premises to any
Guarantor or any person or entity affiliated with any Guarantor or with any owner of Guarantor. Landlord at its option may make such physical changes to the Premises as Landlord, in its sole discretion, considers advisable or necessary in connection
with any such reletting or proposed reletting, without relieving Tenant of any liability under this Lease or otherwise affecting Tenant’s liability. If there is other unleased space in the Project, Landlord shall have no obligation to attempt
to relet the Premises prior to leasing such other space in the Project. Tenant agrees that any action by Landlord consistent with this Section shall not constitute a failure to mitigate its damages. 

18.2.5 Form of Action for Damages. To the extent permitted under State law, Landlord may sue periodically for damages as they accrue
without barring a later action for further damages. If the Lease or possession is terminated and the Premises are subsequently relet, no portion of the rents from such new lease that is in excess of the contracted rent hereunder shall be treated as
an offset to monies owed by defaulting Tenant. All unpaid Rent after its due date shall bear interest from the date due at the Default Rate in addition to any late charges and administration costs related to such delinquency, whether or not a
default is declared. 
 18.2.6 Deposit or Letter of Credit. Landlord may apply any Security Deposit held in connection with
Tenant’s obligations under this Lease or the proceeds of any Letter of Credit in payment of any sums due from Tenant hereunder. 
 18.3
Cumulative Remedies. The remedies provided for in this Lease are cumulative and in addition to any other remedy available to Landlord at law or in equity. In the event of a breach by Tenant, of any of its obligations under this Lease,
Landlord shall also have the right to obtain an injunction and any other appropriate equitable relief. 
 18.4 Termination. Even
though Tenant has breached this Lease, Tenant’s contractual obligations under this Lease shall continue in effect for so long as Landlord does not terminate the same (and even though Landlord may have terminated Tenant’s estate and right
to possession) by written notice to Tenant, and Landlord may enforce all its rights and remedies under this Lease, including the right to recover the Rent as it becomes due under this Lease. Acts of maintenance or preservation or efforts to relet
the Premises or the appointment of a receiver upon initiative of Landlord to protect Landlord’s interest under this Lease shall not constitute a termination of Tenant’s rights to possession unless written notice of termination is given by
Landlord to Tenant. 

  
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 18.5 Waiver of Rights of Redemption. Tenant waives any and all rights of redemption
granted under any present and future laws in the event Landlord obtains possession of the Premises by reason of the violation by Tenant of any of the covenants and conditions of this Lease or otherwise. 

19. Transfers by Tenant. 

19.1 General. 
 19.1.1
Assignment and Subletting. Tenant shall not assign this Lease or any interest therein, or sublet the Premises or any part thereof, or permit the use of the Premises by any party other than Tenant (or an Affiliate or User), or otherwise
transfer or dispose of Tenant’s interest in the Premises, either voluntarily or involuntarily, without the prior written consent of Landlord, which consent shall not be unreasonably withheld or conditioned if Tenant demonstrates that the
proposed use is allowed by this Lease and that the proposed transferee meets Landlord’s then current financial standards for such an occupant and transaction. Consent to one such assignment or sublease shall not imply any future consent, and
all subsequent assignments and subleases shall be made only upon obtaining prior written consent of Landlord. Notwithstanding that Landlord has consented to an assignment or subletting hereunder, any assignment or sublease hereof shall cause an
automatic termination of any renewal options, expansion options, purchase options or rights of first refusal. Tenant shall not create or allow a lien on or security interest in its interest in this Lease 

19.1.2 Obligations of Assignees. Assignees or subtenants shall become directly liable to Landlord for all obligations of Tenant
hereunder, but Tenant shall remain liable for the performance of all obligations owed to Landlord under this Lease. The instrument by which any assignment or subletting consented to by Landlord is accomplished shall expressly provide that the
assignee or subtenant will perform and observe all the agreements, covenants, conditions and provisions to be performed and observed by Tenant under this Lease and that Landlord will have the right to enforce such agreements, covenants and
conditions directly against such assignee or subtenant. 
 19.1.3 Procedure for Consent. It shall be the responsibility of Tenant to
provide Landlord, in a manner acceptable to Landlord, with such information as Landlord reasonably determines is necessary for Landlord to grant or withhold its consent. If Tenant desires to request approval to assign, hypothecate or otherwise
transfer this Lease or sublet the Premises, then at least thirty (30) days prior to the date when Tenant desires the assignment or sublease to be effective (the “Assignment Date”), Tenant shall give Landlord a notice (the
“Assignment Notice”), which shall set forth the name, address and business of the proposed assignees or subtenant, current and signed financial statements, credit information as required by Landlord, the Assignment Date, any ownership or
commercial relationship between Tenant and the proposed assignee or subtenant, and the consideration and all other material terms and conditions of the 

  
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proposed assignment or sublease, all in such detail as Landlord shall reasonably require. If Landlord requests additional detail, the Assignment Notice shall not be deemed to have been received
until Landlord receives such additional detail, and Landlord may withhold action on the request to any assignment or sublease until such information is provided. Landlord may, following receipt of all such information, withhold or grant its consent
under this Section 19; any consent may be granted subject to conditions including but not limited to execution of a Consent and Assumption Agreement in form prepared by Landlord (a “Consent Agreement”). Tenant agrees to pay to
Landlord at the time consent is requested, $1,000.00 to be applied to all attorneys’ fees and other expenses incurred by Landlord related to a request for consent regardless of whether such consent is granted and regardless of whether the
transfer is consummated; if the total of such fees and expenses exceeds this payment, Tenant shall pay the excess upon request. In considering an Assignment Notice, Landlord may, among other things, consider financial capability, business
reputation, business experience, existing and future space requirements of other tenants, existing and future space requirements of the proposed assignee or subtenant, the intended use, the anticipated demand for services by the assignee or
subtenant, and the assignee’s or subtenant’s anticipated contribution to the prestige of the Project. 
 19.1.4 Sublease
Income. If Tenant shall sublet all or any portion of the Premises, then one-half of any consideration paid by the subtenant for the portion of the Premises being sublet that exceeds the Base Rent and
Operating Expenses provided by this Lease for such portion of the Premises being sublet shall be due, owing and payable from Tenant to Landlord when paid or owing by the subtenant under the sublease, less amortization each month of the out-of-pocket costs of Tenant in connection with such transfer (including commissions, legal fees, tenant improvement costs, and other concessions). For the purpose of this
Section 19, the rent for each square foot of floor space in the Premises shall be deemed equal. 
 19.1.5 Recapture. Landlord
shall have the right to terminate this Lease by written notice given within thirty (30) days in the event that Tenant proposes to sublease all or substantially all of the Premises. 

19.2 Listing Premises. Tenant shall not list the Premises for lease through a broker, or advertise or publicize in any way the
availability of the Premises, without prior written notice to and the written approval of Landlord, which approval shall not be unreasonably withheld, conditioned or delayed. 

19.3 Corporate Changes and Users. 

19.3.1 Changes. If Tenant is a corporation, partnership or limited liability company, then any transfer of this Lease by merger,
consolidation, liquidation or other transaction. An assignment prohibited within the meaning of this Section 19 includes, without limitation, one or more sales or transfers, direct or indirect, by operation of law or otherwise, or creation of
new stock or interests, by which ownership or control of an aggregate of more than fifty percent (50%) of Tenant’s ownership or voting interests shall be vested in a party or parties who are
non-stockholders, partners or members, as applicable, as of the date hereof. 

  
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 19.3.2 Affiliate Transactions. Notwithstanding the other provisions of this
Section 19, Landlord will not withhold its prior written consent to a sublease to an entity which controls, is controlled by, or is under common control with the original Tenant named herein (an “Affiliate”) or to an assignment to an
Affiliate Assignee (as defined below) if the following requirements are met: 
 (i) Such prior written consent is properly requested by an
Assignment Notice. 
 (ii) Tenant supplies such information regarding the proposed transfer and proposed transferee as Landlord may request.

 (iii) No Event of Default exists during the time period from the date consent is requested through the date consent is granted. 

(iv) Tenant demonstrates that the proposed transferee is capable of performing its obligations under this Lease and with respect to the
Premises. 
 (v) Tenant and the transferee execute and deliver a Consent Agreement. 

(vi) The transferee provides insurance and proof of insurance as required hereunder. 

An Affiliate Assignee is (a) an Affiliate, (b) an entity acquiring all of the stock or assets of the original Tenant named herein,
and/or (c) an entity which is the survivor of a merger with the original Tenant named herein. As used in this Section 19, “the original Tenant named herein” means such entity as it is owned and exists at execution of this Lease.

 Further, a sublease to an Affiliate or an assignment to an Affiliate Assignee is exempt from Sections 19.1.4 and 19.1.5. 

19.3.3 Users. Tenant may allow consultants and strategic partners (collectively, “Users”) to occupy portions of the Premises
without charge while collaborating with Tenant. All acts and omissions of Users shall be the acts and omissions of Tenant; Tenant shall be fully liable and responsible for the same. Tenant agrees, for itself and its Users, that: (i) no User
shall have any right or remedy against Landlord for any matter or circumstance in excess of that which Tenant would have against Landlord pursuant to this Lease for such matter or circumstance or any like matter or circumstance, and (ii) Tenant
shall be solely and absolutely responsible for all claims (including attorneys’ fees) by all Users (“User Claims”) to the extent in excess of the limitations described herein applicable to Tenant for a claim of the same type. In
addition to all other indemnity obligations of Tenant set forth herein, Tenant shall defend and indemnify the Protected Parties for, from, against and regarding any and all User Claims to the extent in excess of the limitations described herein
applicable to Tenant for the same type of a claim. For example, Tenant shall be solely responsible for, and shall defend and indemnify the Protected Parties regarding any claim by an User for damage to its property or consequential damages since
such a claim by Tenant is waived by this Lease. Prior to allowing any User to co-occupy the Premises for a period of thirty (30) days or more, Tenant shall deliver to Landlord proof that such User
maintains the same insurance coverages that this Lease requires Tenant to maintain naming the same additional insureds. 

  
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 19.4 Unapproved Transfers. Any attempted transfer in violation of the requirements of
this Section 19 shall be void and, at the option of Landlord, shall constitute an Event of Default. 
 19.5 Successors and
Assigns. Except as otherwise provided in this Lease, all of the covenants, conditions, and provisions of this Lease shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives,
successors, and assigns. 
 20. Subordination; Attornment; Quiet Enjoyment. 

20.1 Subordination, Nondisturbance. This Lease, and all rights of Tenant hereunder, are and shall be, upon the election of the holder
thereof, subject and subordinate to all mortgages, trust deeds and other financing and security instruments (“Mortgages”), that may now or hereafter affect the Premises, and to all renewals, modifications, replacements and extensions of
any such Mortgages. Tenant shall promptly execute, acknowledge or deliver a subordination, attornment and nondisturbance agreement in a commercially reasonable form (“SNDA”) with the holder of each current or future mortgage, trust deed,
and master lease or ground lease. Tenant has received, to the extent desired, a fully-executed SNDA in connection with execution of the Lease. 

20.2 Attornment. If the interest of Landlord under this Lease is transferred, whether through possession, foreclosure or delivery of a
new lease or deed, then at the request of such party so succeeding to Landlord’s rights (herein called “Successor Landlord”), Tenant shall attorn to and recognize such Successor Landlord as Tenant’s Landlord under this Lease and
shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence such attornment. Upon such request for attornment, Tenant’s rights hereunder shall continue in full force and effect as a direct
Lease between the Successor Landlord and Tenant upon all of the terms, conditions and covenants as set forth in this Lease so long as Tenant is not in default. 

20.3 Quiet Enjoyment. So long as Tenant pays all Rents and complies with all of the terms and conditions of this Lease, Tenant shall
peaceably and quietly have, hold and enjoy the Premises. This covenant shall, subject to the provisions of this Lease, be binding upon the subsequent successors in interest of Landlord’s interest in this Lease including those to whom Tenant is
subordinate and/or to whom Tenant agreed to attorn pursuant to Sections 20.1 and 20.2. 
 20.4 Estoppel Certificates. Within ten
(10) days following any written request that Landlord may make from time to time, Tenant shall execute and deliver to Landlord and/or any prospective mortgagee or purchaser designated by Landlord, a statement certifying: (a) the date of
commencement of this Lease; (b) the fact that this Lease is unmodified and in full force and effect (or, if there have been modifications hereto, that this Lease is in full force and effect, and stating the date and nature of such
modifications); (c) the date to which the rental and other sums payable under this Lease have been paid; (d) to Tenant’s knowledge, that there are no current defaults under this Lease by Landlord except as specified in such
statement; and (e) such other matters as may be reasonably requested. Landlord and Tenant intend that any statement delivered by Tenant pursuant to this Section may be relied upon by any mortgagee, beneficiary, purchaser,

  
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or prospective purchaser of the Premises or any interest therein. Tenant’s failure to deliver such statement within such time (x) shall be conclusive upon Tenant (i) that this
Lease is in full force and effect, without modification except as may be represented by Landlord, (ii) that there are no uncured defaults in the Landlord’s performance, and (iii) that no more than one month’s rental has been paid
in advance, and (y) at Landlord’s election, shall constitute an Event of Default hereunder. 
 20.5 Mortgagee Protection. If
there occurs any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed of trust or mortgage covering the Premises, and shall offer such beneficiary or mortgagee a reasonable opportunity
to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. 

20.6 Modification for Lender. If, in connection with obtaining construction, interim, or permanent financing related to the Premises, a
lender shall request reasonable modifications in this Lease as a condition to such financing, Tenant will not unreasonably withhold, delay, or defer its consent thereto provided that such modifications do not materially, adversely increase
Tenant’s obligations, or decrease Tenant’s rights, hereunder and Landlord promptly reimburses Tenant’s out-of-pocket expenses in connection therewith.

 20.7 New Owner Obligations. Any person or entity who acquires the Property in a foreclosure sale, or by a deed in lieu of
foreclosure, and any direct transferee of the beneficiary under a deed of trust or mortgage who so-acquires the Property (all of the foregoing are together referred to as a “New Owner”), shall not be
responsible for liabilities of the Landlord that accrued before the date on which such title was first acquired. A New Owner shall not be bound by Rents paid more than one month in advance, or by any amendment, modification, extension, or renewal
affecting this Lease or the tenancy hereunder to the extent that any such amendment, modification, extension or renewal requires the consent of the Mortgagee through whom the New Owner acquired the Property pursuant to an SNDA executed by Tenant and
such consent has not been obtained. 
 20.8 Assignment of Rents. Upon receipt of written notice from any beneficiary of a deed of
trust or mortgage covering the Premises (a “Mortgagee”) in which such Mortgagee (a) certifies that Landlord has assigned all Rents under the Lease to such Mortgagee, and (b) demands that all Rents under the Lease henceforth be
paid to such Mortgagee at an address specified therein, Tenant shall pay all further Rents coming due in accordance with such notice. Landlord hereby expressly authorizes Tenant to make such payments of Rent to such Mortgagee upon such demand and
hereby releases and discharges Tenant from any liability to Landlord on account of any such payments. 
 21. Security. 

21.1 Financial Statements. Tenant shall furnish to Landlord, on or before the 90th
day following the end of each fiscal year, the financial statements of Tenant and of any Guarantor for the preceding fiscal year (consisting of a balance sheet and a profit and loss statement) each prepared by a certified public accountant in
accordance with generally accepted accounting principles (or other method approved by Landlord) consistently applied. However, Tenant is not required to furnish such statements if and so long as Tenant is a public company whose financial statements
are readily available online. 
  

  
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 21.2 Deposit. Contemporaneously with Tenant’s execution and delivery of this
Lease, Tenant shall deposit with Landlord the amount specified in the Basic Lease Terms preceding this Lease, such amount to be held by Landlord during the Lease Term as security for Tenant’s performance of its obligations hereunder. In
the alternative, Tenant may deliver a Letter of Credit in such amount and in compliance with the provisions of Exhibit G. The following provisions apply to any cash Security Deposit and any proceeds of a Letter of Credit,
which shall be deemed the Security Deposit. If an Event of Default occurs, Landlord may use, apply or retain all or any portion of the Security Deposit for the payment any sum to which Landlord may become obligated by reason of Tenant’s
default, or to compensate Landlord for any loss or damage that Landlord may suffer thereby. If Landlord so uses or applies all or any portion of the Security Deposit, Tenant shall, within ten (10) days after written demand therefor from
Landlord, deposit cash with Landlord in an amount sufficient to restore the Security Deposit to the full amount stated in the Basic Lease Terms, and Tenant’s failure to do so shall constitute an Event of Default under this Lease. If, but only
if, no Event of Default shall have occurred hereunder (after giving effect to any applicable cure period) and Tenant is not a debtor in a bankruptcy proceeding, then following written request by Tenant for each reduction, Landlord will reduce the
amount of the Security Deposit by 10% of its original amount on the date that is the 95th day following the final day of the 24th full calendar
month following the Commencement Date of the Lease, and by the same amount on the same date of each calendar year thereafter until the amount declines to 50% of its original amount; the amount of the Security Deposit shall not be further reduced. If
Tenant performs all of Tenant’s obligations hereunder, Landlord shall return the Security Deposit (or so much thereof as has not theretofore been applied by Landlord as permitted under this Section 21.2) within sixty (60) days
following the date of expiration of the Lease Term or the date on which Tenant has vacated the Premises. Landlord shall not be required to keep the Security Deposit separate from its general funds, and Tenant shall not be entitled to interest on the
Security Deposit. Landlord shall deliver the funds constituting the Security Deposit hereunder to any purchaser of Landlord’s interest in the Premises, whether by sale, foreclosure, deed in lieu of foreclosure, or otherwise, and upon such
delivery, Landlord shall be discharged from any further liability with respect to the Security Deposit. Tenant hereby waives the provisions of any law, now or hereafter in effect, which provide that Landlord may claim from a security deposit only
those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises, it being agreed that Landlord may, in addition, claim those sums specified in this Section 21.2 above and/or
those sums reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the acts or omissions of Tenant or any officer, employee, agent, contractor or invitee of Tenant. If Landlord transfers this
Lease (as part of a transfer of the Project or otherwise), then Landlord shall be relieved of all liability to Tenant arising or accruing after the date of such transfer, provided the Security Deposit is transferred to said transferee. Tenant shall
look solely to the transferee for return of any Security Deposit. Tenant hereby grants Landlord a security interest in the Security Deposit. 

22. Governing Law. This Lease shall be governed by and construed pursuant to the laws of the State. Should either party institute legal
action to interpret this Lease or to enforce any obligation contained herein, it is agreed that the exclusive venue of such suit or action shall be in the County where the Building is located. Tenant expressly consents to Landlord designating the

  
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exclusive venue of any such suit or action in Clackamas County, Oregon, and EACH PARTY WAIVES THE RIGHT TO A JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM, CROSS-CLAIM, OR THIRD-PARTY COMPLAINT
BROUGHT BY EITHER OF THEM AGAINST THE OTHER ON ANY MATTERS WHATSOEVER ARISING UNDER THIS LEASE. Tenant agrees that all depositions in any lawsuit or arbitration shall be conducted exclusively in Clackamas County, Oregon, and Tenant agrees to make
all potential witnesses available for deposition in Clackamas County, Oregon, with any travel, lodging and other such related expenses of the depositions to be borne by Tenant. 

23. No Merger. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not constitute a merger
of the Landlord’s and Tenant’s estate, and shall, at the option of Landlord, operate either as an assignment to Landlord of any or all subleases or subtenancies or as a termination thereof. 

24. Attorneys’ and Collection Fees. In addition to Landlord’s attorneys’ fees, if any, to be paid pursuant
to this Section 24.1 below, if at any time or times hereafter Landlord employs counsel (whether or not any suit has been or shall be filed and whether or not other legal proceedings have been or shall be instituted) for advice or other
representation with respect to this Lease or to enforce any rights of Landlord and/or obligations of Tenant hereunder, then Tenant shall pay Landlord on demand all of the attorneys’ fees arising from such services and any expenses, costs and
charges relating thereto. If Landlord should bring an action or suit for possession of the Premises, for the recovery of any sum due under this Lease, or because of the breach of any provisions of this Lease, or for any other relief against Tenant
hereunder, or in the event of any other arbitration or litigation between the parties with respect to this Lease, then all costs and expenses, including collection agency fees and reasonable attorneys’ fees incurred by the prevailing party in
such arbitration or litigation, including on any arbitration or court proceeding, appeal, petition for review therefrom or in any proceeding before a U.S. Bankruptcy Court, shall be paid by the other party, such amount to be set by the court
before which the matter is heard, which obligation on the part of the other party shall be deemed to have accrued on the date of the commencement of such action and shall be enforceable whether or not the action is prosecuted to judgment. 

25. [Omitted]. 
 26.
Tenant’s Liability and Performance. Except as may be otherwise specifically provided in this Lease, all covenants and agreements to be performed by Tenant under any of the terms of this Lease shall be performed by Tenant at
Tenant’s sole cost and expense and without any abatement of Rent. The act or notice from, or notice or refund to, or the signature of any one or more of them, with respect to the tenancy of this Lease, including, but not limited to any renewal,
extension, expiration, termination or modification of this Lease, shall be binding upon each and all of the persons executing this Lease as Tenant with the same force and effect as if each and all of them had so acted or so given or received such
notice or refund or so signed. Landlord hereby waives any Landlord’s lien rights pursuant to applicable State law, if any. 

  
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 27. Limitation of Liability; Force Majeure. 

27.1 Nonrecourse. The term “Landlord,” as used in this Lease, so far as covenants or obligations on the part of Landlord are
concerned, shall be limited to mean and include only the owner or owners, at the time in question, of the lessor’s interest in this Lease. In the event of any transfer, assignment, or other conveyance or transfers of any such interest, Landlord
herein named (and in case of any subsequent transfers or conveyances, the then grantor) shall be automatically freed and relieved from and after the date of such transfer, assignment, or conveyance of all liability as respects the performance of any
covenants or obligations on the part of Landlord contained in this Lease thereafter to be performed. Without further agreement, the transferee of such interest shall be deemed to have assumed and agreed to observe and perform any and all obligations
of Landlord hereunder, during its ownership of the Premises. Landlord may transfer its interest in the Premises without the consent of Tenant and such transfer or subsequent transfer shall not be deemed a violation on Landlord’s part of any of
the terms and conditions of this Lease. Tenant and all successors and assigns acknowledge that, in the event of any actual or alleged failure, breach or default hereunder by Landlord: 

(a) The sole and exclusive remedy shall be a claim against the Landlord, with any judgment against Landlord being satisfied only out of its
interest in the Building (no other assets of Landlord shall be subject to levy, execution or other procedure to satisfy such a judgment); 

(b) No Protected Party other than Landlord shall be sued, named as a party in any suit or action, served with process or subjected to any
judgment, and any such judgment taken against any Protected Party other than Landlord may be vacated and set aside at any time nunc pro tunc; and 

(c) No writ of execution will ever by levied against the assets of any Protected Party other than Landlord. 

27.2 Third Parties. Tenant acknowledges that many uses and events at the Project may be governed by recorded documents, legal
requirements, one or more ground leases, and one or more owners associations or other third parties. Notwithstanding any other provision hereof, Landlord shall have no liability and shall not be in default, and Tenant shall have no right to
terminate this Lease, based upon any act, omission or failure of any such third party, and Landlord is not obligated to perform any act if Landlord does not have the right to do so. 

27.3 Force Majeure. This Lease and the obligations of a party hereunder shall not be affected or impaired because the other party is
unable to fulfill any of its obligations hereunder, or is delayed in doing so, if such inability or delay is caused by reason of strike, labor trouble, inclement weather, war, riot, acts of God, acts or orders of government, delays in obtaining
permits or inspections, the effect of any epidemic or pandemic including COVID-19, or any other cause beyond the reasonable control of Landlord (these are events of “Force Majeure”). A party shall be
excused from performing any obligation hereunder, other than payment of money, while such obligation cannot reasonably be performed due to an event of Force Majeure. 

  
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 27.4 Parties. Whether or not expressly stated in the applicable portion of this
Lease, all release, indemnity, defense and limitation of liability provisions in favor of Landlord shall also cover and be for the benefit of all Protected Parties. The terms “Protected Parties”, as used in this Lease, shall mean and
include (i) Landlord, (ii) all members, managers, partners, shareholders, officers, directors, principals, trustees and beneficiaries of Landlord, (iii) all property managers, asset managers, lenders, master lessors, and ground
lessors of Landlord, (iv) all agents of any of the foregoing, and (v) all employees of any of the foregoing (each of the foregoing, a “Protected Party”). 

28. Waiver. Landlord’s waiver of any breach of any term, covenant or condition herein contained shall not be deemed to be a waiver
of any subsequent breach of the same or any other term, covenant or condition herein contained, nor shall any custom or practice that may evolve between the parties in the administration of the terms hereof be deemed a waiver of or in any way affect
the right of Landlord to insist upon the performance by Tenant in strict accordance with said terms. The subsequent acceptance of Rent hereunder by Landlord shall not be deemed to be a waiver of any preceding breach by Tenant, of any term, covenant,
or condition of this Lease, other than the failure of Tenant to pay the particular Rent so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of such acceptance of such Rent. The consent or approval of Landlord to
or of any act by Tenant requiring Landlord’s consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent similar acts by the acting party. Acceptance of one or more rental or other
payments after the dates when the same first became due or after the applicable grace period shall not prevent Landlord, with respect to subsequent payments, (a) from insisting upon prompt payment of all amounts due hereunder, (b) from
insisting upon payment of the late fees provided for herein, or (c) from declaring an Event of Default hereunder. Without limiting the generality of the foregoing, no payment by Tenant or receipt by Landlord of a lesser amount than the full
Rent then due shall be deemed to be other than on account of the earliest stipulated Rent due, nor shall any endorsement or statement on any check or any letter accompanying any check, or payment be deemed an accord and satisfaction, and Landlord
may accept such check or payment without prejudice to Landlord’s right to recover the balance of such Rent or pursue any other remedy provided for in this Lease or available at law or in equity. Acceptance of Rent from another company or entity
does not constitute consent to a purported sublease or assignment. 
 29. Miscellaneous Provisions. 

29.1 Successors or Assigns. Except as otherwise provided herein, all the terms, conditions, covenants and agreements of this Lease shall
extend to and be binding upon Landlord, Tenant and their respective heirs, administrators, executors, successors, subtenants, concessionaires, assigns and marital communities, if any, and upon any person or persons coming into ownership or
possession of any interest in the Premises by operation of law or otherwise. 
 29.2 Authority of Parties. If Tenant is a corporation,
each individual executing this Lease on behalf of said corporation represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of said corporation in accordance with a duly adopted resolution of the Board of
Directors of said corporation or in accordance with the bylaws of said corporation, and this Lease is binding upon said corporation. Tenant shall, simultaneously with the execution of this Lease, deliver to Landlord a certified copy of a resolution
of the Board of 

  
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Directors of said corporation authorizing or ratifying the execution of this Lease, and certified copies of other corporation documents as may reasonably be requested by Landlord or
Landlord’s Lender to authenticate the transaction. Any person executing this instrument, its exhibits, addenda, extensions, or renewals, or represents any material fact relevant hereto in writing, warrants and represents that he/she is duly
authorized to so act. 
 29.3 Interest on Past Due Obligations. Any amount due from Tenant to Landlord hereunder which is not paid
when due shall bear interest at the Default Rate from the date due until paid, but the payment of such interest shall not excuse or cure any default by Tenant, and interest shall be compensation for the loss of use of the past due funds, and shall
be in addition to late or delinquent charges which are reimbursements for administrative costs associated with collecting and processing such past due amounts. An administrative charge of $25.00 will be assessed for any check from Tenant which is
returned for any reason. 
 29.4 Broker’s Commission. The brokers who negotiated this Lease, if any, are identified
in the Basic Lease Terms preceding this Lease. Landlord shall be solely responsible for the payment of brokerage commissions to said brokers, and Tenant shall have no responsibility therefor. If Tenant has dealt with any other person or real estate
broker with respect to leasing or renting space in the Project, Tenant shall be solely responsible for the payment of any fee due said person or firm and Tenant shall indemnify and hold Landlord harmless for, from, against and regarding any
liability in respect thereto, including attorney’s fees and costs. 
 29.5 Terms and Headings. The words “Landlord” and
“Tenant” as used herein shall include the plural as well as the singular. Words used in any gender include other genders. The Section headings of this Lease are not a part of this Lease and shall have no effect upon the construction or
interpretation of any part hereof. 
 29.6 Examination of Lease; Delivery. Submission of this document for examination and signature
by Tenant is not an offer to lease and does not create a reservation or option to lease. Landlord may negotiate with, and lease the Premises to, other third parties and may cease negotiation with Tenant at any time. No claim for reliance, estoppel,
contract, breach of good faith, or other claim can be made based upon the circulation and negotiation of this Lease. This document will become effective and binding only upon full execution and delivery by both Tenant and Landlord. This Lease and
all later documents, such as amendments, (a) may be executed by electronic signature, (b) may be executed and delivered in counterpart, and (c) may be delivered electronically (provided, if requested by Landlord, Tenant shall deliver
a manually executed original of any of the foregoing to Landlord). Electronic records and electronic signatures, may be used in connection with the execution of this Lease and such later documents, and the same shall be legal and binding and have
the same full force and effect as if a paper original of this Lease or such document had been signed using a handwritten signature. Landlord and Tenant (i) intend to be bound by electronic signatures and by documents sent or delivered by
electronic mail or other electronic means, (ii) are aware that the other party will rely on such signatures, and (iii) hereby waive any defenses to the enforcement of the terms of this Lease or any later documents based on the foregoing
forms of signature or delivery. The foregoing does not prohibit the use of handwritten signatures or physical delivery. 

  
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 29.7 Time. Except as otherwise specifically provided herein, time is of the essence
with respect to the performance of every provision of this Lease in which time of performance is a factor. 
 29.8 Amendments. No
provision of this Lease may be amended or added to except by an agreement in writing signed by the parties hereto or their respective successors in interest. 

29.9 Partial Invalidity. If any term, covenant, or condition of this Lease or the application thereof to any person or circumstance is,
to any extent, invalid or unenforceable, the remainder of this Lease, or the application of such terms, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby
and each term, covenant or condition of this Lease shall be valid and be enforced to the fullest extent permitted by law. 
 29.10
Recording. Tenant shall not record or file this Lease, or any assignment or security document pertaining to this Lease or all or any part of Tenant’s interest therein without the prior written consent of Landlord, which consent may be
subject to such conditions as Landlord shall deem appropriate. However, upon the request of Landlord, both parties shall execute a memorandum or “short form” of this Lease for the purposes of recordation in a form customarily used for such
purposes. Said memorandum or short form of this Lease shall describe the parties, the Premises and the Lease Term and shall incorporate this Lease by reference. 

29.11 Notices. All notices that either party shall be required or may desire to deliver hereunder shall be given in writing and shall be
sent by registered or certified mail, return receipt requested, or electronically, and shall be deemed received upon the earlier of the date of receipt or refusal thereof. Notices shall be delivered to Tenant at the address for Tenant and to
Landlord at both the address for Landlord and the address for Landlord’s property manager, if any, each set forth in the Basic Lease Terms preceding this Lease. In addition, a copy of any notice to Landlord shall be delivered to the following
address: 
 Schwabe, Williamson & Wyatt, P.C. 

Pacwest Center 

1211 SW Fifth Avenue, Suite 1700 

Portland, OR 97204 

Attn: John Guinasso 

Email: jguinasso@schwabe.com 

Landlord may change its address for notice by giving notice to Tenant in the manner set forth above, which notice shall only be effective upon receipt or
refusal. Notice to Tenant hereunder may be given by Landlord’s attorney. 
 29.12 Entire Agreement. This Lease, including the
Table of Contents, the Basic Lease Terms, and the Exhibits listed in the Basic Lease Terms and attached hereto, all of which are incorporated herein by this reference to them, together with any other document to be furnished pursuant to the
provisions hereof, embody the entire agreement and understanding of the parties hereto as to the subject matter contained herein. There are no restrictions, promises, representations, warranties, covenants, or undertakings other than those expressly
set forth or referred to in such documents. This Lease and such documents supersede all prior agreements and understandings between the parties with respect to the subject matter hereof. 

  
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 29.13 Survival of Obligations. The covenants, duties, and obligations of Tenant
contained herein that by their nature do not depend upon Tenant’s possession of the Premises (including, without limitation, obligations arising under Section 17.2) shall survive the expiration or earlier termination of this Lease and such
expiration or termination shall not excuse Tenant from the full performance thereof. 
 29.14 Representations and Warranties. Landlord
has made no representations or warranties except as contained herein. No agent or broker of Landlord has authority to make nor has made any promise, warranty or representation to Tenant. Any offering materials or advertisements are specifically
disclaimed and are superseded by this Lease; Tenant has not relied upon any of the same. Except only for Landlord’s covenants stated in this Lease, the Premises are leased “AS IS.” Tenant hereby represents and warrants that financial
statements and other information furnished by Tenant to Landlord are true, accurate and complete, and such representation and warranty shall survive the execution and termination of this Lease and is material consideration relied upon by Landlord in
executing this Lease. Any false, misleading or inaccurate statement made by Tenant therein shall constitute a material breach and an Event of Default hereunder. 

29.15 USA Patriot Act Compliance. Tenant represents to Landlord that Tenant is not (and is not engaged in this transaction on behalf of)
a person or entity with which Landlord is prohibited from doing business pursuant to any law, regulation or executive order pertaining to national security (“Anti-Terrorism Laws”). “Anti-Terrorism Laws”, as referenced above,
shall specifically include, but shall not be limited to, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and obstruct Terrorism Act of 2001, Pub. L. No. 107-56
(aka, the USA Patriot Act); Executive Order 13224; the Bank Secrecy Act, 31 U.S.C. Section 5311 et. seq.; the Trading with the Enemy Act, 50 U.S.C. App. Section 1 et. seq.; the International Emergency Economic Powers Act, 50 U.S.C.
Section 1701 et. seq.; sanctions and regulations promulgated pursuant thereto by the Office of Foreign Assets Control (“OFAC”), as well as laws related to the prevention and detection of money laundering in 18 U.S.C.
Sections 1956 and 1957. 
 29.16 Consents. The grant of any consent or approval required from Landlord under this Lease shall be
evidenced by a written document delivered by Landlord or its agent expressly setting forth such consent or approval, including, without limitation, evidence of such approval by e-mail. Unless otherwise
specified herein, any such consent or approval may be withheld in Landlord’s reasonable discretion. Any consent may be issued subject to conditions determined by Landlord, in its sole discretion, with which Tenant shall comply. Landlord has the
right to withhold any consent or approval for which an additional third party consent is required; issuance of such third party consent does not require Landlord to issue its consent or approval, nor is Landlord required to accept any third party
consent that is not acceptable to Landlord, in its sole discretion. Notwithstanding any other provision of this Lease, the sole and exclusive remedy of Tenant for any alleged or actual improper withholding, delaying or conditioning of any consent or
approval by Landlord shall be the right to specifically enforce any right of Tenant to require 

  
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issuance of such consent or approval on conditions not prohibited by this Lease; in no event shall Tenant have the right to terminate this Lease, to collect monetary damages, or to pursue any
other remedy for any actual or alleged improper withholding, delaying or conditioning of any consent or approval, regardless of whether this Lease requires that such consent or approval not be unreasonably withheld, conditioned or delayed. 

29.17 Confidentiality. Lease information (such as the length of Lease Term, total consideration, rental rate, names of the parties,
etc.) shall not be reported by either party or its Broker to any listing/reporting service, such as CoStar, CompStack, or any other kind of publication, such as the local newspaper, Business Journal, or any other business or trade journal. In
addition, Landlord and/or its Broker shall not disclose such information to any internal or external database. Landlord and Tenant acknowledge that this Lease will be confidential information. Notwithstanding the foregoing, Landlord and Tenant may
share this Lease and related information with their respective actual and prospective buyers, lenders, investors, and brokers, accountants, advisors, attorneys and actual and prospective subtenants and assignees in the ordinary course, and may
disclose this Lease and related information as required by law or regulation. 
 29.18 Security. Landlord has no duty to provide
security for any portion of the Project. To the extent Landlord elects to provide any security, Landlord is not warranting the effectiveness of any security personnel, services, procedures or equipment and Tenant shall not rely on any such
personnel, services, procedures or equipment. Landlord shall not be liable for failure of any such security personnel, services, procedures or equipment to prevent or control, or to apprehend anyone suspected of, personal injury or property damage
in, on or around the Project. 

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

 

							
	LANDLORD:	 		 	 PWII Owner, LLC,
 a Delaware limited
liability company

				
		 		 	By:	 	 /s/ James V. Paul

		 		 	Name:	 	James V. Paul
		 		 	Its:	 	Authorized Representative
			
	TENANT:	 		 	 Twist Bioscience Corporation,
 a
Delaware corporation

				
		 		 	By:	 	 /s/ Patrick Weiss

		 		 	Name:	 	Patrick Weiss
		 		 	Its:	 	COO

  
 -50-

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