Document:

Registration Rights Agreement

 Exhibit 10.22 
  
 THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is made and entered into as of October 22, 2004, by and among NETMANAGE, INC., a Delaware corporation (the “Company”), and the shareholders of Common Stock
listed on the signature pages hereto (“Holders”). Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Purchase Agreement (as defined below). 
  
 RECITALS 
  
 WHEREAS, reference is made to that certain Stock Purchase Agreement,
dated as of September 22, 2004, (the “Purchase Agreement”), by and among the Company, Librados, Inc., a Delaware corporation, and the Holders; 
  
 WHEREAS, this Agreement shall become effective upon the consummation of the transactions contemplated by the Purchase
Agreement; 
  
 WHEREAS, in order to induce the Holders to
enter into the transactions pursuant to which each is acquiring Common Stock, the Company has agreed to provide the registration rights set forth in this Agreement; and 
  
 WHEREAS, the execution and delivery of this Agreement is a condition to the Closing under the Purchase Agreement.

  
 AGREEMENT 
  
 The parties hereby agree as follows: 
  
 1. DEFINITIONS 
  
 As used in this Agreement, the following terms shall have the following
meanings: 
  
 “Business Day” means each Monday,
Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in San Francisco, California are authorized or obligated by law or executive order to close. 
  
 “Common Stock” means the common stock, $0.001 par value per share, of the Company. 
  
 “Effective Date” means the 120th day following the Closing Date. 
  
 “Effective Period” means twelve (12) months after the Effective Date. 
  
 “Majority” means a majority in amount of the Registrable Shares. 
  
 “Person” means an individual, a partnership, a corporation,
an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or a governmental entity (or any department, agency, or political subdivision thereof). 

 “Proceeding” means an action, claim, suit or proceeding (including, without limitation,
an investigation or partial proceeding, such as a deposition), whether commenced or threatened. 
  
 “Prospectus” means the prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A promulgated pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to
the terms of the offering of any portion of the Registrable Shares covered by such Registration Statement, and all other amendments and supplements to any such prospectus, including post-effective amendments, and all material incorporated by
reference or deemed to be incorporated by reference, if any, in such prospectus. 
  
 “Registrable Shares” means the Stock Consideration; provided, that all such shares shall cease to be Registrable Shares (a) upon any sale pursuant to a Registration Statement, (b) upon any sale
pursuant to Section 4(1) of the Securities Act, except for transfers made thereunder by a Holder to the Holder’s spouse or children or to other Holders, provided that any such transferring Holder provides the Company with (i) written
notice of such transfer and (ii) the appropriate information regarding such transferee as required to be included in the Shelf Registration, and (c) on the date on which such shares are eligible for resale pursuant to Rule 144(k). 
  
 “Registration Statement” means any registration statement of
the Company that covers any of the Registrable Shares pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement or Prospectus, including pre- and post-effective amendments, all
exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference, if any, in such registration statement. 
  
 “Rule 144, Rule 158, Rule 174, Rule 415, and Rule 424” each mean the rule of like number, respectively, promulgated by the SEC pursuant
to the Securities Act, as each such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC as a replacement for any of such Rules and having substantially the same effect as such Rule. 
  
 “Shelf Registration” has the meaning set forth in Section 2
hereof. 
  
 “Special Counsel” means not more than
one firm of attorneys representing the selling Holders, which firm shall be chosen by the Holders of a Majority of the Registrable Shares. 
  
 2. SHELF REGISTRATION 
  
 2.1. The Company agrees to file with the SEC a Registration Statement for offerings to be made on a continuous basis pursuant to Rule 415, covering all of
the Registrable Shares (the “Shelf Registration”). The Shelf Registration shall be on Form S-3 under the Securities Act or an appropriate successor form. The Company shall not 
  

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 permit any securities other than the Registrable Shares to be included in the Shelf Registration. The Company shall use
its reasonable efforts, as described generally in Section 3 hereof, to cause the Shelf Registration to be declared effective pursuant to the Securities Act not later than the Effective Date, and to keep the Shelf Registration continuously effective
under the Securities Act (and pursuant to the provisions of Section 3.1.10 and subject to the limitations set forth therein, register or qualify the shares to be sold in such offering under such other securities or “blue sky” laws of such
jurisdictions as is applicable to any Holder) for the Effective Period, or such shorter period ending when there cease to be outstanding any Registrable Shares. 
  

2.2. In accordance with Section 3 hereof, the Company shall use its reasonable efforts to keep the Shelf Registration continuously effective during the
Effective Period by supplementing and amending the Shelf Registration (a) as required by the rules, regulations or instructions of Form S-3 used for such Shelf Registration, (b) as required by the Securities Act, or (c) as reasonably requested by
the Holders of a Majority of the Registrable Shares covered by the Registration Statement or by any underwriter of such Registrable Shares; provided, that the Effective Period shall be extended as required to permit dealers to comply with the
applicable Prospectus delivery requirements of Rule 174 and as otherwise provided herein. 
  
 3. REGISTRATION PROCEDURES 
  
 3.1. In connection with the Company’s registration obligations hereunder, the Company shall effect such registration or registrations on Form S-3 for
the resale of the Registrable Shares, and pursuant thereto the Company shall as expeditiously as possible take the actions specified in this Section 3.1. 
  
 (a) No fewer than five (5) Business Days prior to the initial filing of a Registration Statement or Prospectus and no fewer than three (3) Business Days
prior to the filing of any amendment or supplement thereto (other than any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall furnish to the Holders of the Registrable Shares and their Special
Counsel copies of all such documents proposed to be filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders and their Special Counsel, and shall cause the
officers and directors of the Company, counsel to the Company and independent certified public accountants to the Company to respond to such inquiries as shall be necessary in connection with such Registration Statement, in the reasonable opinion of
Special Counsel to such Holders, to conduct a reasonable investigation within the meaning of the Securities Act; provided, that the Company shall not be deemed to have kept a Registration Statement effective during the applicable period if it
voluntarily takes or fails to take any action that results in selling Holders of the Registrable Shares covered thereby not being able to sell such Registrable Shares pursuant to federal securities laws during that period, and the Effective Period
shall be extended for the period Holders are not able to sell Registrable Securities. The Company shall not file any such Registration Statement or related Prospectus, or any amendments or supplements thereto, to which the Holders of a Majority of
the Registrable Shares and their Special Counsel shall reasonably object within the time periods for review set forth above. 
  

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 (b) The Company shall (a) prepare and file with the SEC such amendments, including posteffective
amendments, to each Registration Statement as may be reasonably necessary to keep such Registration Statement continuously effective for the Effective Period, (b) cause the related Prospectus to be supplemented by any required Prospectus supplement
and, as so supplemented, to be filed pursuant to Rule 424, (c) respond as promptly as reasonably practicable to any comment from the SEC with respect to the Registration Statement and, at the request of any Holder, as promptly as reasonably
practicable, provide such Holder true and complete copies of all correspondence from and to the SEC relating to the Registration Statement and (d) comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition
of all securities covered by such Registration Statement during such period in accordance with the intended methods of disposition by the Holders thereof set forth in such Registration Statement as so amended or in such Prospectus as so
supplemented. 
  
 (c) The Company shall notify the Holders of
Registrable Shares to be sold and their Special Counsel: (a)(i) at least two (2) Business Days prior to the time a Prospectus or any Prospectus supplement or post-effective amendment is proposed to be filed and (ii) with respect to a Registration
Statement or any post-effective amendment, immediately when the same has become effective, (b) if the SEC notifies the Company whether there will be a “review” of any Registration Statement, (c) of any request by the SEC or any other
federal or state governmental authority for amendments or supplements to a Registration Statement or related Prospectus or for additional information, promptly, (d) of the issuance by the SEC, any state securities commission, any other governmental
agency or any court of any stop order, order or injunction suspending or enjoining the use or the effectiveness of a Registration Statement or the initiation of any Proceedings for that purpose, immediately, (e) of the receipt by the Company of any
notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Shares for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such purpose, immediately, and (f)
of the happening of any event that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the
making of any changes in such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein, not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were made, not misleading, immediately. 
  
 (d) The Company shall use its reasonable efforts to avoid the issuance of, or if issued, to obtain the withdrawal of, any order enjoining or suspending
the use or effectiveness of a Registration Statement, or to obtain the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Shares for sale in any jurisdiction, at the earliest practicable
moment. 
  

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 (e) The Company shall, if requested by the Holders of a Majority of the Registrable Shares being sold in
connection with such offering, (a) promptly incorporate in a Prospectus supplement or post-effective amendment such information as such Holders reasonably agree is required to be included therein, and (b) make all required filings of such Prospectus
supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided, that the Company shall not
be required to take any action pursuant to this Section 3.1.5 that would, in the opinion of counsel for the Company, violate applicable law. 
  
 (f) The Company shall furnish to each Holder of Registrable Shares and their Special Counsel, without charge, at least one conformed copy of each
Registration Statement and each amendment thereto, including financial statements (but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits, unless requested in writing by such Holder or
Special Counsel). 
  
 (g) The Company shall deliver, without
charge, to each Holder of Registrable Shares and their Special Counsel as many copies of the Prospectus or Prospectuses (including each form of Prospectus) and each amendment or supplement thereto as such persons reasonably request; and the Company
hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of Registrable Shares in connection with the offering and sale of the Registrable Shares covered by such Prospectus and any
amendment or supplement thereto. 
  
 (h) Prior to any public
offering of Registrable Shares, the Company shall (a) use its reasonable efforts to register, qualify or cooperate with the Holders of Registrable Shares and their Special Counsel in connection with the registration or qualification (or exemption
from such registration or qualification) of such Registrable Shares for offer and sale under the securities or blue sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, and (b) keep each such
registration or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be kept effective and do any and all other acts or things necessary to enable the disposition in such jurisdictions of the
Registrable Shares covered by the Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action that would subject it
(x) to general service of process in any such jurisdiction where it is not then so subject or (y) to any tax in any such jurisdiction where it is not then so subject. 
  
 (i) In connection with any sale or transfer of Registrable Shares that will result in such securities no longer being
Registrable Shares, the Company shall cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Shares to be sold, which certificates shall not bear any restrictive 
  

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 legends and shall be in a form eligible for deposit with The Depository Trust Company, and to enable such Registrable
Shares to be in such denominations and registered in such names as the Holders may request at least two (2) Business Days prior to any sale of Registrable Shares. 
  
 (j) The Company shall use its reasonable efforts to cause the offering of the Registrable Shares covered by the Registration
Statement to be registered with or approved by such other governmental agencies or authorities within the United States (except as may be required as a consequence of the nature of such selling Holder’s business), and cooperate in all
reasonable respects with the filing of such Registration Statement and the granting of such approvals as may be necessary to enable the Holder or Holders thereof to consummate the disposition of such Registrable Shares; provided, that the Company
shall not be required to register the Registrable Shares in any jurisdiction that would subject it to general service of process in any such jurisdiction where it is not so subject or subject the Company to any tax in any such jurisdiction where it
is not then so subject or to require the Company to qualify to do business in any jurisdiction where it is not then so qualified. 
  
 (k) The Company shall provide, prior to the effective date of the Registration Statement relating to the Registrable Shares, a CUSIP number for the
Registrable Shares. 
  
 (l) The Company shall authorize for
quotation on the National Association of Securities Dealers Automated Quotation System (“NASDAQ”) or the National Market System of NASDAQ all Common Stock covered by such Registration Statement, if the Common Stock is then so
authorized for quotation. 
  
 3.2. The Company may require each
Holder of Registrable Shares as to which any registration is being effected to furnish to the Company such information regarding the distribution of such Registrable Shares as is required by law to be disclosed in the Registration Statement, and the
Company may exclude from such registration the Registrable Shares of any Holder who fails to furnish such information within a reasonable time after receiving such request. 
  
 3.3. Each Holder of Registrable Shares agrees by acquisition of such Registrable Shares that upon receipt of any notice from
the Company of the happening of any event of the kind described in Section 3.1.3(b), 3.1.3(c), or 3.1.3(e) hereof, such Holder will forthwith discontinue disposition of such Registrable Shares covered by such Registration Statement or Prospectus
until such Holder’s receipt of the copies of a supplemented or amended Prospectus, or until it is advised in writing by the Company that the use of the Prospectus may be resumed, and in either case, has received copies of any additional or
supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus. The Effective Period shall be extended by the length of each suspension of sales occurring hereunder. 
  
 3.4. Each Holder of Registrable Shares agrees by acquisition of such
Registrable Shares that upon receipt by such Holder of a certificate signed by an authorized officer 
  

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 of the Company certifying as to the good faith determination by the board of directors of the Company that it would be
seriously detrimental to the Company for the sales of Registrable Shares pursuant to the Shelf Registration to be undertaken for a certain period of time, and that as a result it is essential to suspend sales for the period during which such sales
would be seriously detrimental, such Holder will forthwith discontinue disposition of such Registrable Shares under the Shelf Registration until further notified by the Company that sales may be resumed; provided, that (a) the Company may not
suspend sales for a period of more than 45 days, and (b) the Company shall not suspend sales in this manner more than once in any six month period. The Effective Period shall be extended by the length of each suspension of sales occurring hereunder.

  
 3.5. Each Holder of Registrable Shares agrees by acquisition
of such Registrable Shares that, upon receipt by such Holder of a certificate signed by an authorized officer of the Company certifying as to the good faith determination of the board of directors of the Company that it would be seriously
detrimental to the Company for the Shelf Registration to be effected by the Effective Date, and that as a result, that it is essential to defer the filing of a Registration Statement with respect thereto at such time, the Company shall have the
right to defer such filing for the period during which such registration would be seriously detrimental; provided, that (a) the Company may not defer the filing for a period of more than 120 days after the Effective Date, and (b) the Company shall
not defer its obligation in this manner more than twice. The Effective Period shall be extended by the length of any delay in filing effected hereunder. 
  
 4. REGISTRATION EXPENSES 
  
 4.1. All fees and expenses incident to the performance of or compliance with this Agreement by the Company shall be borne by it whether or not any
Registration Statement is filed or becomes effective and whether or not any securities are issued or sold pursuant to any Registration Statement. 
  
 (a) The fees and expenses referred to above shall include, without limitation, (a) all registration and filing fees (including, without limitation, fees
and expenses (i) with respect to filings required to be made with the National Association of Securities, Dealers, Inc. and (ii) in compliance with federal or state securities laws), (b) printing expenses (including, without limitation, expenses of
printing certificates for Registrable Shares in a form eligible for deposit with The Depository Trust Company and of printing or reproducing Prospectuses, (c) messenger, telephone and delivery expenses, (d) fees and disbursements of counsel for the
Company and Special Counsel for the Holders, in accordance with the provisions of Section 4.2 hereof, (e) Securities Act liability insurance, if the Company desires such insurance, and (f) fees and expenses of all other persons retained by the
Company. 
  
 (b) Notwithstanding the foregoing or anything in this
Agreement to the contrary, each Holder shall pay all underwriting discounts and commissions of any underwriters or brokers with respect to any Registrable Shares sold by it. 
  

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 4.2. In connection with any registration hereunder, the Company shall reimburse the Holders of the
Registrable Shares being registered or tendered for in such registration for the reasonable fees and disbursements of their Special Counsel, subject to the provisions of Section 4.1. 
  
 5. INDEMNIFICATION 
  
 5.1. The Company agrees to indemnify and hold harmless, to the extent permitted by law, each Holder of Registrable Shares, its officers and directors and
each Person that controls such Holder (within the meaning of the Securities Act) against any losses, claims, damages, liabilities, joint or several, to which such Holder or any such director or officer or controlling Person may become subject under
the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon (a) any untrue statement of material fact
contained (i) in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or (ii) in any application or other document or communication (in this Section 5 collectively called an
“application”) executed by or on behalf of the Company or based upon written information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such Registration Statement under the
“blue sky” or securities laws thereof, or (b) any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, and the Company will reimburse such Holder and each such director,
officer and controlling Person for any legal or any other reasonable expenses incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided that the Company will not be liable
in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or alleged untrue statement, or omission or alleged omission, made
in such Registration Statement, any such Prospectus or preliminary Prospectus or any amendment or supplement thereto, or in any application, in reliance upon, and in conformity with, written information prepared and furnished to the Company by, or
on behalf of, such Holder or any of its directors, officers, employees, or agents expressly for use therein or by such Holder’s failure to deliver a copy of the Registration Statement or Prospectus or any amendments or supplements thereto after
the Company has timely furnished such Holder with a sufficient number of copies of the same. 
  
 5.2. In connection with any Registration Statement in which a Holder of Registrable Shares is participating, each such Holder will furnish to the Company in writing such information and affidavits as the Company
reasonably requests for use in connection with any such Registration Statement or Prospectus and, to the extent permitted by law, will indemnify and hold harmless the Company, its directors, officers, agents, employees and each other Person who
controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities, joint or several, to which the Company or any such director or officer or controlling Person may become subject under the Securities
Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect 
  

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 thereof) arise out of or are based upon (a) any untrue or alleged untrue statement of material fact contained in the
Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or in any application or (b) any omission or alleged omission of a material fact required to be stated therein or necessary to make the
statements therein not misleading, but in each case only to the extent that such untrue statement or omission is made in such Registration Statement, any such Prospectus or preliminary Prospectus or any amendment or supplement thereto, or in any
application, in reliance upon and in conformity with written information prepared and furnished to the Company by such Holder expressly for use therein, and such Holder will reimburse the Company and each such director, officer and controlling
Person for any legal or any other expenses incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided that the obligation to indemnify will be individual, not joint and several, to
each Holder and will be limited to the net amount of proceeds received by such Holder from the sale of Registrable Shares pursuant to such Registration Statement. 
  
 5.3. Any Person entitled to indemnification hereunder will (a) give prompt written notice to the indemnifying party of any
claim with respect to which it seeks indemnification (provided that the failure to give such prompt notice shall not impair any Person’s right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying
party) and (b) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such
claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will
not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying
party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 
  
 5.4. The indemnification provided for under this Agreement will remain in
full force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and will survive the transfer of securities. If the indemnification provided
for in Section 5.1 from the Company is held by a court of competent jurisdiction to be unavailable to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to herein, then the Company, in lieu
of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault of
the Company and the indemnified party, as well as any other relevant equitable considerations; provided, however, that no contribution by any Holder, when combined with any amount paid by such Holder pursuant to Section 5.2, shall exceed the
net proceeds from the offering received by such Holder. The relative faults of the indemnifying party and indemnified party shall be determined by 
  

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 reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact, was made by, or relates to information supplied by, the Company or such indemnified party, and the Company’s and indemnified party’s relative intent, knowledge, access
to information and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities or expenses referred to above shall be deemed to include, any legal or other fees,
charges or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5.4 were determined by pro rata
allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the preceding sentences. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution pursuant to this Section 5.4). 
  
 6. RULE 144 
  
 During the
Effective Period, the Company shall use its reasonable efforts to file the reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner, and if at any time it is not required to file such reports but in the
past had been required to or did file such reports, it will upon the request of any Holder of Registrable Shares make available other information as required by, and so long as necessary to permit, sales of its Registrable Shares pursuant to Rule
144. 
  
 7. MISCELLANEOUS 
  
 7.1. Information. The Company and each Holder shall cooperate with
each other in supplying such information as may be necessary for any of such parties to complete and file any information reporting forms presently or hereafter required by the SEC or any similar authority administering the securities laws of any
jurisdiction where the Registrable Shares are proposed to be sold. 
  
 7.2. Nominees. In the event that any Registrable Shares are held by a nominee for the beneficial owner thereof, the beneficial owner thereof may, at its election, be treated as the Holder of such Registrable Shares for purposes of
any action by any Holder or Holders of Registrable Shares pursuant to this Agreement or any determination of any number or percentage of shares of Registrable Shares held by any Holder or Holders of Registrable Shares contemplated by this Agreement.
If the beneficial owner of any Registrable Shares elects to be treated as the Holder for such purposes, the Company may require assurances reasonably satisfactory to it of such owner’s beneficial ownership of such Registrable Shares.

  
 7.3. Remedies. In the event of a breach by the Company,
or by a Holder of Registrable Shares, of any of their obligations under this Agreement, each Holder of Registrable Shares or the Company, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be
entitled to specific performance of its rights under this Agreement. 
  

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 7.4. No Piggyback on Registrations. The Company shall not grant to any of its security holders
(other than the Holders of Registrable Shares in such capacity) the right to include any of its securities other than Registrable Shares in any Shelf Registration pursuant to the terms of this Agreement. 
  
 7.5. Amendments and Waivers. No provision of this Agreement may be
amended, modified or supplemented, and no waiver or consent to departures from the provisions hereof may be given, without the written consent of the Company and the Holders of a Majority of the Registrable Shares. 
  
 7.6. Notices. All notices and other communications provided for herein
shall be made in writing by hand-delivery, next-day air courier, certified first-class mail, return receipt requested, or by facsimile: 
  
 (a) if to the Company, as provided in the Purchase Agreement; 
  
 (b) if to the Holders, as provided in the Purchase Agreement; or 
  

(c) if to any other person who is then the registered Holder of any Registrable Shares, to the address of such Holder as it appears in the Common Stock
register of the Company. 
  
 Except as otherwise provided in this
Agreement, all such communications shall be deemed to have been duly given (i) when delivered by hand, if personally delivered, (ii) one Business Day after being timely delivered to a next-day air courier, (iii) five Business Days after being
deposited in the mail, postage prepaid, if mailed, and (iv) when receipt is acknowledged following facsimile. 
  
 7.7. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the
parties and shall inure to the benefit of each Holder of Registrable Shares. The Company may not assign its rights or obligations hereunder without the prior written consent of each Holder of Registrable Shares. Notwithstanding the foregoing, no
transferee of the Shareholders or a Holder shall have any of the rights granted under this Agreement until such transferee shall acknowledge its rights and obligations hereunder by a signed written statement of such transferee’s acceptance of
such rights and obligations. 
  
 7.8. Governing Law, Submission
to Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware, as applied to contracts made and performed within such state without regard to its principles of conflicts of laws.

  
 7.9. Severability. The remedies provided herein are
cumulative and not exclusive of any remedies provided by law. 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 reasonable efforts to find and employ an 
  

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 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. 
  
 7.10.
Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. All references made in this Agreement to “Section” and “paragraph” refer to such
Section or paragraph of this Agreement, unless expressly stated otherwise. 
  
 7.11. Attorneys’ Fees. In any action or proceeding brought to enforce any provision of this Agreement, or where any provision hereof is validly asserted as a defense, the prevailing party, as determined by
the court, shall be entitled to recover its reasonable attorneys’ fees in addition to any other available remedy. 
  
 7.12. Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and, all of which taken together shall constitute one and the same Agreement. 
  

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 IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be duly executed as of
the date first written above. 
  

			
	COMPANY:
	
	NETMANAGE, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Zvi Alon

	Name:	 	Zvi Alon
	Title:	 	President & CEO
	
	THE HOLDERS:
	
	 /s/ David James Richard

	David James Richards
	
	 /s/ James Milton Campigli

	James Milton Campigli
	
	 /s/ Mohammad Naeem Akhtar

	Mohammad Naeem Akhtar
	
	 /s/ Vincent Eagen

	Vincent Eagen
	
	 /s/ Keith Graham

	Keith Graham
	
	 /s/ Chris Walton

	Chris Walton
	
	 /s/ Satish N. N. Numburi

	Satish N. N. Numburi
	
	 /s/ Madhuri Suda

	Madhuri Suda
	
	 /s/ Vivian Stark

	Vivian Stark
	
	 /s/ Susan Poulter

	Susan Poulter
	
	 /s/ Larry Webster

	Larry WebsterLease Agreement with Synovus Financial Corp.

 Exhibit 10.1 
  
  
  
  
 LEASE AGREEMENT 
  
  
 Between 
  
  
  
  
  
 FUND IV AND FUND V ASSOCIATES,

 a Georgia general partnership, 
 as Landlord 
  
  
 And 
  
  
  
  
  
 SYNOVUS FINANCIAL CORP., 
 a Georgia
corporation, 
 as Tenant 
  
  
  
 Dated: December 30, 2003 
  
  
  
 For Space at 
 Centurion Center 
 10407 Centurion Parkway North 
 Jacksonville, FL 

 TABLE OF CONTENTS 
  
 LEASE AGREEMENT 
  

					
	 No.

	  	 Description

	  	Page

	 1.
	  	 Premises
	  	6
	 2.
	  	 Lease Term
	  	6
	 3.
	  	 Base Rent
	  	7
	 4.
	  	 Rent Payment
	  	7
	 5.
	  	 Late Charge
	  	7
	 6.
	  	 Partial Payment
	  	7
	 7.
	  	 Construction of this Agreement
	  	7
	 8.
	  	 Use of Premises
	  	8
	 9.
	  	 Definitions
	  	8
	 10.
	  	 Repairs By Landlord
	  	8
	 11.
	  	 Repairs By Tenant
	  	9
	 12.
	  	 Alterations and Improvements
	  	9
	 13.
	  	 Operating Expenses
	  	10
	 14.
	  	 Landlord's Failure to Give Possession
	  	12
	 15.
	  	 Acceptance and Waiver
	  	13
	 16.
	  	 Signs
	  	13
	 17.
	  	 Advertising
	  	13
	 18.
	  	 Removal of Fixtures
	  	13
	 19.
	  	 Entering Premises
	  	14
	 20.
	  	 Services
	  	14
	 21.
	  	 Indemnities
	  	16
	 22.
	  	 Tenant's Insurance; Waivers
	  	16
	 23.
	  	 Governmental Requirements
	  	19
	 24.
	  	 Abandonment of Premises
	  	19
	 25.
	  	 Assignment and Subletting
	  	19
	 26.
	  	 Default
	  	20
	 27.
	  	 Remedies
	  	20
	 28.
	  	 Destruction or Damage
	  	21
	 29.
	  	 Eminent Domain
	  	22
	 30.
	  	 Service of Notice
	  	22
	 31.
	  	 Mortgagee's Rights
	  	22
	 32.
	  	 Tenant's Estoppel
	  	24
	 33.
	  	 Attorney's Fees and Homestead
	  	24
	 34.
	  	 Parking
	  	24
	 35.
	  	 Storage
	  	24
	 36.
	  	 Waste Disposal
	  	24
	 37.
	  	 Surrender of Premises
	  	25
	 38.
	  	 Cleaning Premises
	  	25
	 39.
	  	 No Estate In Land
	  	25
	 40.
	  	 Cumulative Rights
	  	25
	 41.
	  	 Paragraph Titles; Severability
	  	25
	 42.
	  	 Damage or Theft of Personal Property
	  	25
	 43.
	  	 Holding Over
	  	25

  

 2 

					
	 44.
	  	 Security Deposit
	  	26
	 45.
	  	 Building Allowance and Tenant Finishes
	  	26
	 46.
	  	 Rules and Regulations
	  	26
	 47.
	  	 Quiet Enjoyment
	  	26
	 48.
	  	 Entire Agreement
	  	27
	 49.
	  	 Limitation of Liability
	  	27
	 50.
	  	 Submission of Agreement
	  	27
	 51.
	  	 Authority
	  	27
	 52.
	  	 Relocation
	  	27
	 53.
	  	 Broker Disclosure
	  	27
	 54.
	  	 Notices
	  	27
	 55.
	  	 Force Majeure
	  	28
	 56.
	  	 Financial Statements
	  	29
	 57.
	  	 Special Stipulations
	  	29

  
 Exhibits: 
  

					
	 A-Premises

	 B-Work Letter

	 C-Acknowledgement, Acceptance and Agreement

	 D-Special Stipulations

	 E-First Negotiation Space

  

 3 

 BASIC LEASE PROVISIONS 
  
 The following is a summary of some of the Basic Provisions of the Lease. In the event of any conflict between the terms of
these Basic Lease Provisions and the referenced Sections of the Lease, the referenced Sections of the Lease shall control. 
  

					
	1.	  	Building (See Section 1):	  	10407 Centurion Parkway North
			
	 	  	Project (See Section 1):	  	Centurion Center Jacksonville, FL
			
	2.	  	Premises (See Section 1):	  	 
			
	 	  	Suites:	  	100 (Retail Bank) and 200 (Office)
			
	 	  	Floor:	  	First (ground) and second
			
	 	  	Rentable Square Feet:	  	Suite 100- approximately 4,282
	 	  	 	  	Suite 200- approximately 10,000
			
	3.	  	Term (See Section 2):	  	Approximately ten years and ten months
		
	4.	  	Base Rent + Operating Expenses (See Sections 2, 3 and 13):

  

									
	Lease Year

	 	 Annual Rate Per Rentable
 Square Foot of Premises

	 	Monthly
Installment

	 	Annual
Installment

	1*	 	$10.75 + $6.25 = $17.00	 	$	20,232.83	 	$	242,794.00
				
	2	 	$11.07 + $6.25** = $17.32	 	$	20,616.66	 	$	247,399.95
				
	3	 	$11.40 + $6.25** = $17.65	 	$	21,012.01	 	$	252,144.07
				
	4	 	$11.75 + $6.25** = $18.00	 	$	21,419.21	 	$	257,030.52
				
	5	 	$12.10 + $6.25** = $18.35	 	$	21,838.63	 	$	262,063.56
				
	6	 	$12.46 + $6.25** = $18.71	 	$	22,270.63	 	$	267,247.59
				
	7	 	$12.84 + $6.25** = $19.09	 	$	22,715.60	 	$	272,587.14
				
	8	 	$13.22 + $6.25** = $19.47	 	$	23,173.91	 	$	278,086.88
				
	9	 	$13.62 + $6.25** = $19.87	 	$	23,645.97	 	$	283,751.61
				
	10	 	$14.03 + $6.25** = $20.28	 	$	24,132.19	 	$	289,586.28
				
	11	 	$14.45 + $6.25** = $20.70	 	$	24,633.00	 	$	295,596.00

  

 4 

	*	 	For first ten (10) months of the first Lease Year, there will be no charge for Rent, only the last two months of the same will be subject to the rate shown in the chart above.

	**	 	For Lease Years 2-11, the amount of $6.25 shown for Operating Expenses are included for estimating purposes only and may vary as described below in Section 13 of the Lease.

  

					
	 5.
	  	Tenant’s Share (See Section 13):	  	16.3%
			
	 6.
	  	Security Deposit (See Section 44):	  	N/A
			
	 7.
	  	Landlord’s Broker (See Section 53):	  	Commercial Jacksonville
			
	 	  	Tenant’s Broker (See Section 53):	  	Grubb & Ellis/Phoenix Realty
	 	  	 	  	Group, Inc.
			
	 8.
	  	Notice Address (See Section 54)	  	 

  

 5 

 LEASE AGREEMENT 
  
 THIS LEASE AGREEMENT (hereinafter called the “Lease”) is made and entered into this 30th day December, 2003, by
and between FUND IV AND FUND V ASSOCIATES, a Georgia general partnership (hereinafter called “Landlord”), and SYNOVUS FINANCIAL CORP., a Georgia corporation (hereinafter called “Tenant”). 
  
 1. Premises. Landlord does hereby rent and lease to Tenant and
Tenant does hereby rent and lease from Landlord, for general office and retail banking and financial services purposes of a type customary for first-class office buildings, the following described space (hereinafter called the “Premises”):

  
 4,282 rentable square feet of space located on the 1st floor, and
approximately 10,000 rentable square feet of space located on the 2nd floor, of a 4 story building (the “Building”) located on the real property described in Exhibit “A” attached hereto (the “Property”), said
Premises to be located as shown by diagonal lines on the drawing attached hereto as Exhibit “A-1” and made a part hereof by reference. The Building is located within a larger office park (“Project”) consisting of
approximately 5.5 acres, together with any and all improvements now or hereafter located thereon and together with any additional land and/or buildings which Landlord hereinafter acquires and makes a part of the Project. The Premises shall be
prepared for Tenant’s occupancy in the manner and subject to the provisions of Exhibit “B” attached hereto and made a part of hereof. As used in this Lease, “rentable square feet” shall be determined by multiplying
“usable square feet” (as determined based upon the ANSI Z.65-1996 standard promulgated by the Building Owners and Managers Association) multiplied by 1.13. Landlord and Tenant agree that the number of rentable square feet described above
will be confirmed and conclusively agreed upon by the parties once build-out of the Premises has been completed according to the Work Letter (see Exhibit “B”). 
  
 2,607 rentable square feet of space (the “Interim Space”) located on the 1st floor of the Building to be temporarily occupied by
Tenant during the construction of the Premises. Tenant may occupy the Interim Space on January 15, 2004 and must vacate the same within ten (10) days after substantial completion of the Premises. During Tenants occupancy of the same, all of the
terms and conditions of this Lease that apply to the Premises will apply to the Interim Space, except that (a) no Base Rent for such space will be charged however Operating Expenses will be assessed at a rate of $6.25 per rentable square foot; (b)
Tenant will accept the Interim Space “AS-IS, WHERE-IS” and Landlord makes no warranty as to the condition of the Interim Space; and (c) Tenant will vacate the space and restore the Interim Space to its condition as of the date Tenant
occupied the same, reasonable wear and tear accepted. 
  
 2. Lease Term. Tenant shall have and hold the Premises for a term (“Term”) commencing on the date (the “Commencement Date”) on which Landlord delivers the Premises to Tenant following substantial completion
of the Premises as described in the Work Letter and shall terminate at midnight on the last day (the “Expiration Date”) of the one hundred and thirtieth (130th) full calendar month following the Commencement Date, unless sooner terminated
or extended as hereinafter provided. Promptly following the Commencement Date, Landlord and Tenant shall enter into a letter agreement in the form attached hereto as Exhibit “C”, specifying the Commencement Date, the Expiration
Date, the conclusively agreed number of rentable square feet contained within the Premises and the agreed amount of Base Rent payable hereunder for the first Lease Year (as defined in Section 3 and 4 below). 
  

 6 

 3. Base Rent. Tenant shall pay to Landlord, at P.O. Box 926040, Norcross, Georgia
30010-6040, or at such other place as Landlord shall designate in writing to Tenant, annual base rent (“Base Rent”) in the amounts set forth in the Basic Lease Provisions. The term “Lease Year”, as used in the Basic Lease
Provisions and throughout this Lease, shall mean each and every consecutive twelve (12) month period during the Term of this Lease, with the first such twelve (12) month period commencing on the Commencement Date; provided, however, if the
Commencement Date occurs other than on the first day of a calendar month the first Lease Year shall be that partial month plus the first full twelve (12) months thereafter. 
  
 4. Rent Payment. The Base Rent for each Lease Year shall be payable in equal monthly installments, due on the
first day of each calendar month, in advance, in legal tender of the United States of America, without abatement, demand, deduction or offset whatsoever, except as may be expressly provided in this Lease. One full monthly installment of Base Rent
shall be due and payable on the date of execution of this Lease by Tenant for the first month’s Base Rent and a like monthly installment of Base Rent shall be due and payable on or before the first day of each calendar month following the
Commencement Date during the Term hereof; provided, that if the Commencement Date should be a date other than the first day of a calendar month, the monthly Base Rent installment paid on the date of execution of this Lease by Tenant shall be
prorated to that partial calendar month, and the excess shall be applied as a credit against the next monthly Base Rent installment. Tenant shall pay, as Additional Rent, all other sums due from Tenant under this Lease (the term “Rent”, as
used herein, means all Base Rent, Additional Rent and all other amounts payable hereunder from Tenant to Landlord). Notwithstanding the foregoing, Rent shall not be considered delinquent until after the tenth (10th) day of each month. 
  
 5. Late Charge. Other remedies for non-payment of Rent
notwithstanding, if any monthly installment of Base Rent or Additional Rent is not received by Landlord on or before the tenth day of the month, or if any payment due Landlord by Tenant which does not have a scheduled due date is not received by
Landlord on or before the tenth (10th) business day following the date Tenant was invoiced, a late charge of five percent (5%) percent of such past due amount shall be immediately due and payable as Additional Rent,. In the event that checks
submitted by Tenant to Landlord for payment of amounts due pursuant to the Lease shall not be honored by the financial institute due to insufficient funds in excess of two (2) times during the Term, Landlord may, in its sole discretion, require that
all future payments by Tenant to Landlord be paid by certified funds, cashier’s check or cash.  
  
 6. Partial Payment. No payment by Tenant or acceptance by Landlord of an amount less than the Rent herein stipulated shall be deemed a
waiver of any other Rent due. No partial payment or endorsement on any check or any letter accompanying such payment of Rent shall be deemed an accord and satisfaction, but Landlord may accept such payment without prejudice to Landlord’s right
to collect the balance of any Rent due under the terms of this Lease or any late charge assessed against Tenant hereunder. 
  
 7. Construction of this Agreement. No failure of Landlord or Tenant to exercise any power given Landlord or Tenant hereunder, or to insist
upon strict compliance by the other party of its obligations hereunder, and no custom or practice of the parties at variance with the terms hereof shall constitute a waiver of Landlord’s or Tenant’s right to demand exact compliance with
the terms hereof. Time is of the essence of this Lease. 
  

 7 

 8. Use of Premises. 
  
 (a) Tenant shall use and occupy the Premises for general office, retail banking and financial services of a type customary
for first-class office buildings and for no other purpose. The Premises shall not be used for any illegal purpose, nor in violation of any valid regulation of any governmental body, nor in any manner to create any nuisance or trespass, nor in any
manner to vitiate the insurance or increase the rate of insurance on the Premises or the Building, nor in any manner inconsistent with the first-class nature of the Building. 
  
 (b) Tenant shall not cause or permit the receipt, storage, use, location or handling on the Property (including the Building
and Premises) of any product, material or merchandise which is explosive, highly inflammable, or a “hazardous or toxic material,” as that term is hereafter defined. “Hazardous or toxic material” shall include all materials or
substances which have been determined to be hazardous to health or the environment, including, without limitation hazardous waste (as defined in the Resource Conservation and Recovery Act); hazardous substances (as defined in the Comprehensive
Emergency Response, Compensation and Liability Act, as amended by the Superfund Amendments and Reauthorization Act); gasoline or any other petroleum product or by-product or other hydrocarbon derivative; toxic substances, (as defined by the Toxic
Substances Control Act); insecticides, fungicides or rodenticide, (as defined in the Federal Insecticide, Fungicide, and Rodenticide Act); asbestos and radon and substances determined to be hazardous under the Occupational Safety and Health Act or
regulations promulgated thereunder. Notwithstanding the foregoing, Tenant shall not be in breach of this provision as a result of the presence in the Premises of de minimis amounts of hazardous or toxic materials which are in compliance with all
applicable laws, ordinances and regulations and are customarily present in a general office use (e.g., copying machine chemicals and kitchen cleansers). 
  
 (c) The occupancy rate of the Premises shall in no event be more than four (4) persons per one thousand (1,000) useable square feet within the Premises,
or the maximum occupancy permitted pursuant to applicable laws or codes, whichever is less. In the event that Tenant exceeds this ratio, and Landlord consents to such overage, Landlord may condition its consent upon Tenant’s payment of any and
all costs related with such overage, including without limitation, excessive maintenance charges, increased electrical and HVAC usage, and increased parking demand. 
  
 9. Definitions. “Landlord,” as used in this Lease, shall include the party named in the first
paragraph hereof, its representatives, assigns and successors in title to the Premises. “Tenant” shall include the party named in the first paragraph hereof, its heirs and representatives, and, if this Lease shall be validly assigned or
sublet, shall also include Tenant’s assignees or subtenants, as to the Premises, or portion thereof, covered by such assignment or sublease. “Landlord” and “Tenant” include male and female, singular and plural, corporation,
partnership, limited liability company or individual, as may fit the particular parties. 
  
 10. Repairs By Landlord. Tenant, by taking possession of the Premises, shall accept and shall be held to have accepted the Premises as suitable for the use intended by this Lease, provided that Landlord
shall be responsible to perform such punchlist items as set forth in the Acknowledgement, Amendment and Acceptance letter in Exhibit C of this Lease. Landlord will also promptly remedy any latent defects discovered within the Work during the first
(1) year of the Lease Term. Landlord shall not be required, after possession of the Premises has been 
  

 8 

 delivered to Tenant, to make any repairs or improvements to the Premises, except as set forth in this Lease. Except for
damage caused by casualty and condemnation (which shall be governed by Section 28 and 29 below), and subject to normal wear and tear, Landlord shall maintain in good repair the exterior walls, roof, common areas, foundation, structural portions and
the Building’s mechanical, electrical, plumbing, heating, ventilating and air-conditioning systems, provided such repairs are not occasioned by Tenant, Tenant’s invitees or anyone in the employ or control of Tenant. 
  
 11. Repairs By Tenant. Except as described in Section 10 above,
Tenant shall, at its own cost and expense, maintain the Premises in good repair and in a neat and clean, first-class condition, including making all necessary repairs and replacements. Tenant shall further, at its own cost and expense, repair or
restore any damage or injury to all or any part of the Building caused by Tenant or Tenant’s agents, employees, invitees, licensees, visitors or contractors, including but not limited to any repairs or replacements necessitated by (i) the
construction or installation of improvements to the Premises by or on behalf of Tenant, (ii) the moving of any Property into or out of the Premises. If Tenant fails to make such repairs or replacements promptly, Landlord may, at its option, make the
repairs and replacements and the costs of such repair or replacements shall be charged to Tenant as Additional Rent and shall become due and payable by Tenant with the monthly installment of Base Rent next due hereunder. 
  
 12. Alterations and Improvements. Except for minor, decorative
alterations which do not affect the Building structure or systems and are not visible from outside the Premises and except for alterations that do not cost in excess of $2,500 in the aggregate, Tenant shall not make or allow to be made any
alterations, physical additions or improvements in or to the Premises without first obtaining in writing Landlord’s written consent for such alterations or additions, which consent may be granted or withheld in the reasonable discretion of
Landlord (if the alterations will affect the Building structure or systems or will be visible from outside the Premises), but which consent shall not be unreasonably withheld (if the alterations will not affect the Building structure or systems and
will not be visible from outside the Premises). Upon Landlord’s request, Tenant will furnish Landlord plans and specifications for any proposed alterations, additions or improvements and shall reimburse Landlord for its reasonable cost to
review such plans. Any alterations, physical additions or improvements shall at once become the property of Landlord; provided, however, Landlord, at its option, may require Tenant to remove any alterations, additions or improvements in order to
restore the Premises to the condition existing on the Commencement Date. All costs of any such alterations, additions or improvements shall be borne by Tenant. All alterations, additions or improvements must be made in a good, first-class,
workmanlike manner and in a manner that does not disturb other tenants (i.e., any loud work must be performed during non-business hours) and Tenant must maintain appropriate liability and builder’s risk insurance throughout the construction.
Tenant does hereby indemnify and hold Landlord harmless from and against all claims for damages or death of persons or damage or destruction of property arising out of the performance of any such alterations, additions or improvements made by or on
behalf of Tenant. Under no circumstances shall Landlord be required to pay, during the Term of this Lease and any extensions or renewals thereof, any ad valorem or Property tax on such alterations, additions or improvements, Tenant hereby
covenanting to pay all such taxes when they become due. In the event any alterations, additions, improvements or repairs are to be performed by contractors or workmen other than Landlord’s contractors or workmen, any such contractors or workmen
must first be approved, in writing, by Landlord. Landlord agrees to assign to Tenant any rights it may have against the contractor of the Premises with respect to any work performed by said contractor in connection with improvements made by Landlord
at the request of Tenant. 
  

 9 

 13. Operating Expenses. 
  
 (a) Tenant agrees to reimburse Landlord throughout the Term, as Additional Rent hereunder for Tenant’s Share (as
defined below) of the annual Operating Expenses (as defined below) in excess of the Operating Expenses for calendar year 2004 (hereinafter called the “Base Year Amount”). The term “Tenant’s Share” shall mean the percentage
determined by dividing the rentable square footage of the Premises by the rentable square footage of the Building. Landlord and Tenant hereby agree that Tenant’s Share is 16.30%. If Tenant does not lease the Premises during the entire full
calendar year in which the Term of this Lease commences or ends, Tenant’s Share of excess Operating Expenses for the applicable calendar year shall be appropriately prorated for the partial year, based on the number of days Tenant has leased
the Premises during that year. Notwithstanding the foregoing, Tenant’s Share of Operating Expenses that are controlled by Landlord will not increase by more that five percent (5.0%) as compared to Tenant’s Share of the Operating Expenses
that are controlled by Landlord from the previous Lease Year. For purposes of this provision, Operating Expenses not controlled by Landlord shall include, but not be limited to, taxes, insurance, and utility rates. 
  
 (b) Operating Expenses shall be all those expenses of operating, servicing,
managing, maintaining and repairing the Property, Building, all parking areas and related common areas (as well as an allocation of certain Project expenses, as reasonably allocated by Landlord to the Building and the other buildings in the Project)
in a manner deemed by Landlord reasonable and appropriate and in the best interest of the tenants of the Building and at market rates in a manner consistent with first-class office buildings in the metropolitan area in which the Project is located.
Operating Expenses shall include, without limitation, the following: 
  
 (1) All taxes and assessments, whether general or special, applicable to the Property and the Building, which shall include real and personal property ad valorem taxes, and any and all reasonable costs and expenses incurred by Landlord in
seeking a reduction of any such taxes and assessments. However, Tenant shall not be obligated for taxes on the net income from the operation of the Building, unless there is imposed in the future a tax on rental income on the Building in lieu of the
real Property ad valorem taxes, in which event such tax shall be deemed an Operating Expense of the Building. 
  
 (2) Insurance premiums and deductible amounts, including, without limitation, for commercial general liability, ISO Causes of Loss Special Form property
and other coverages carried by Landlord on the Building and Property (including terrorism insurance, if Landlord elects to carry it or is required to carry it by any lender). 
  
 (3) All utilities, including, without limitation, water, power, heating, lighting, ventilation, sanitary sewer and air
conditioning of the Building, but not including those utility charges actually paid by Tenant or other tenants of the Building. 
  
 (4) Janitorial and maintenance expenses, including: 
  
 (i) Janitorial services and janitorial supplies and other materials used in the operation and maintenance of the Building; 
  

 10 

 (ii) The cost of maintenance and service agreements on equipment, window cleaning, grounds maintenance,
pest control, security, trash and snow removal, and other similar services or agreements; 
  
 (5) Management fees (or a charge equal to fair market management fees if Landlord provides its own management services) and the market rental value of a management office (the square footage of market rental
charged for such management office shall not exceed 500 square feet); 
  
 (6) The costs, including interest, amortized over its useful life, of any capital improvement made to the Building by or on behalf of Landlord after the date of this Lease which is required under any governmental law or regulation (or any
judicial interpretation thereof) that was not applicable to the Building as of the date of this Lease, and of the acquisition and installation of any device or equipment designed to improve the operating efficiency of any system within the Building
or which is acquired to improve the safety of the Building or Project. 
  
 (7) All services, supplies, repairs, replacements or other expenses directly and reasonably associated with servicing, maintaining, managing and operating the Building, including, but not limited to the lobby, vehicular and pedestrian
traffic areas and other common use areas. 
  
 (8) Wages and
salaries of Landlord’s employees (not above the level of Building Manager) engaged in the maintenance, operation, repair and services of the Building, including taxes, insurance and customary fringe benefits. 
  
 (9) Legal and accounting costs.  
  
 (10) Costs to maintain and repair the Building and Property. 
  
 (11) Landscaping and security costs unless Landlord hires a third party to
provide such services pursuant to a service contract and the cost of that service contract is already included in Operating Expenses as described above. 
  
 (12) The Building’s allocated share (as reasonably be determined by Landlord) of certain expenses which are incurred on a Project-wide basis
including, without limitation, costs in connection with (i) landscaping, (ii) utility and road repairs, (iii) security, (iv) signage installation, replacement and repair and (v) taxes or assessments which are not assessed against a particular
building or the parcel on which it is located. If the Project is covered by a declaration and/or an owners association and costs of the type described above are allocated to the Building by way of dues or costs charged or assessed under that
declaration or by that association, those charges or dues shall be included in the Operating Expenses. [See Special Stipulations for exclusions to Operating Expenses for the Building, if applicable.] 
  
 (c) If requested by Tenant, Landlord shall, on or before the Commencement
Date and on or before December 20 of each calendar year, provide Tenant a statement of the estimated monthly installments of Tenant’s Share of excess Operating Expenses increases which will be due for the remainder of the calendar year in which
the Commencement Date occurs or for the upcoming calendar year, as the case may be. In the event Landlord has not provided Tenant with such statement prior to January 1 of any calendar year, Tenant shall continue to pay Tenant’s Share of excess
Operating Expenses in the same amount as the previous calendar year, 
  

 11 

 unless and until Landlord provides a statement of estimated monthly installments for the current calendar year. As
soon as practicable after December 31 of each calendar year during the Term of this Lease, Landlord shall furnish to Tenant an itemized statement of the Operating Expenses within the Building for the calendar year then ended. Upon reasonable prior
written request given not later than thirty (30) days following the date Landlord’s statement is delivered to Tenant, Landlord will provide Tenant detailed documentation to support the itemized statement. If Tenant does not notify
Landlord of any objection to Landlord’s itemized statement within thirty (30) days of Landlord’s delivery thereof, Tenant shall be deemed to have accepted such statement as true and correct and shall be deemed to have waived any right to
dispute the excess Operating Expenses due pursuant to that statement. 
  
 (i) Tenant shall pay to Landlord, together with its monthly payment of Base Rent as provided in Sections 3 and 4 hereinabove, as Additional Rent hereunder, the estimated monthly installment of Tenant’s Share of the excess Operating
Expenses for the calendar year in question. At the end of any calendar year if Tenant has paid to Landlord an amount in excess of Tenant’s Share of excess Operating Expenses for such calendar year, Landlord shall reimburse to Tenant any such
excess amount (or shall apply any such excess amount to any amount then owing to Landlord hereunder, and if none, to the next due installment or installments of Additional Rent due hereunder, at the option of Landlord). At the end of any calendar
year if Tenant has paid to Landlord less than Tenant’s Share of excess Operating Expenses for such calendar year, Tenant shall pay to Landlord any such deficiency within thirty (30) days after Tenant receives the annual statement. 

 
 (ii) For the calendar year in which this Lease terminates, and is not
extended or renewed, the provisions of this Section shall apply, but Tenant’s Share for such calendar year shall be subject to a pro rata adjustment based upon the number of days prior to the expiration of the Term of this Lease. Tenant shall
make monthly estimated payments of the prorata portion of Tenant’s Share for such calendar year (in the manner provided above) and when the actual prorated Tenant’s Share for such calendar year is determined Landlord shall send a statement
to Tenant and if such statements reveals that Tenant’s estimated payments for the prorated Tenant’s Share for such calendar year exceeded the actual prorated Tenant’s Share for such calendar year, Landlord shall include a check for
that amount along with the statement. If the statement reveals that Tenant’s estimated payments for the prorated Tenant’s Share for such calendar year were less than the actual prorated Tenant’s Share for such calendar year, Tenant
shall pay the shortfall to Landlord within thirty (30) days of the date Tenant receives Landlord’s statement. 
  
 14. Landlord’s Failure to Give Possession. Landlord shall not be liable for damages to Tenant for failure to deliver possession of the
Premises to Tenant if such failure is due to no fault of Landlord, to the failure of any construction or remodeling of the Premises by Tenant to be completed or to the failure of any previous tenant to vacate the Premises. Landlord will use
commercially reasonable efforts to give possession to Tenant by the scheduled Commencement Date of the Term. If Landlord’s failure to do so is caused by the act of any previous tenant holding over, Landlord agrees to use reasonable efforts to
recover possession as soon as reasonably possible, including filing a customary dispossession action. If Landlord is not able to complete Work or the Additional Work as scheduled pursuant to the Work Letter (subject to force majeure and delays
caused by Tenant), and such failure continues for sixty (60) days, Tenant’s sole remedy shall be to terminate this Lease by written notice to Landlord. 
  

 12 

 15. Acceptance and Waiver. Except as provided in Section 10, above, and the warranties and
guaranties described in Section 3.06 of the Work Letter, as to Landlord’s obligation to repair, Landlord shall not be liable to Tenant, its agents, employees, guests or invitees (and, if Tenant is an entity, its officers, agents, employees,
guests or invitees) for any damage caused to any of them due to the Building or any part or appurtenances thereof being improperly constructed or being or becoming out of repair, or arising from the leaking of gas, water, sewer or steam pipes, from
water rising from underground pipes or the ground, or from electricity, but Tenant, by moving into the Premises and taking possession thereof, shall accept, and shall be held to have accepted the Premises as suitable for the purposes for which the
same are leased, and shall accept and shall be held to have accepted the Building and every appurtenances thereof, and Tenant by said act waives any and all defects therein; provided, however, that this Section shall not apply to any damages or
injury caused by or resulting from the negligence or willful misconduct of Landlord. 
  
 16. Signs. Landlord shall install the following signs on behalf of Tenant: (a) monument sign on Centurion Parkway North prominently identifying Synovus Bank of Jacksonville as a tenant in the Building;
(b) a sign for Synovus Bank of Jacksonville over the main entrance door to the Building (South side of Building); (c) a facia sign on the Northwest portion of the Building which includes the name of the bank and its logo and which is at a level (no
lower than between the 2nd and 3rd floor) that provides reasonable visibility (Landlord agreeing to use reasonably commercial efforts, including tree/shrub trimming) to traffic on J. Turner Butler Blvd. in the reasonable opinion of Tenant; (d) a
standard suite entry sign on or adjacent to the door to the Premises (1st and 2nd floor); and (e) directional signs related to the drive-through. The costs for the signage shall be paid out of the Tenant Improvement Allowances. Otherwise, Tenant
shall not paint or place signs, placards, or other advertisement of any character upon the windows or inside walls of the Premises except with the consent of Landlord which consent may be withheld by Landlord in its absolute discretion, and Tenant
shall place no signs upon the outside walls, common areas or the roof of the Building. Notwithstanding the foregoing, all signage to be installed pursuant to this provision must first be approved as to location, size and style by Landlord (which
approval shall not be unreasonably withheld) and must be approved as required under the CCRs of the office park in which the Building is located. Tenant acknowledges that Landlord’s obligation to provide the signage described in subsection (c)
above is conditioned on Landlord receiving written authorization pursuant to the CCRs that additional exterior signage may be placed on the Building for at least one other tenant. If by Friday, January 9, 2004, such signage is not approved as
required under the CCRs or if such written authorization of additional exterior signage is not received by Landlord, Tenant shall have the right to terminate this Lease with ten (10) business days that such signage has been disapproved by delivering
written notice to Landlord. Landlord agrees to diligently pursue the approval of Tenant’s proposed signage as described above. 
  
 17. Advertising. Landlord may advertise the Premises as being “For Rent” at any time following a default by Tenant which remains
uncured and at any time within one hundred eighty (180) days prior to the expiration, cancellation or termination of this Lease for any reason and during any such periods may exhibit the Premises to prospective tenants. 
  
 18. Removal of Fixtures. If Tenant is not in default hereunder,
Tenant may, prior to the expiration of the Term of this Lease, or any extension thereof, remove any trade fixtures and equipment which it has placed in the Premises which can be removed without significant damage to the Premises, provided Tenant
repairs all damages to the Premises caused by such removal. 
  

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 19. Entering Premises. Landlord may enter the portion of the Premises located on the second
floor at reasonable hours (but may enter the portion of the Premises located on the first floor only during business hours upon prior notice unless there is an emergency) provided that Landlord’s entry shall not unreasonably interrupt
Tenant’s business operations and that prior notice is given when reasonably possible (and, if in the opinion of Landlord any emergency exists, at any time and without notice): (a) to make repairs, perform maintenance and provide other services
described in Section 20 below (no prior notice is required to provide routine services) which Landlord is obligated to make to the Premises or the Building pursuant to the terms of this Lease or to the other premises within the Building pursuant to
the leases of other tenants; (b) to inspect the Premises to see that Tenant is complying with all of the terms and conditions of this Lease and with the rules and regulations hereof; (c) to remove from the Premises any articles or signs kept or
exhibited therein in violation of the terms hereof; (d) to run pipes, conduits, ducts, wiring, cabling or any other mechanical, electrical, plumbing or HVAC equipment through the areas behind the walls, below the floors or above the drop ceilings;
and (e) to exercise any other right or perform any other obligation that Landlord has under this Lease. Landlord shall be allowed to take all material into and upon the Premises that may be required to make any repairs, improvements and additions,
or any alterations, without in any way being deemed or held guilty of trespass and without constituting a constructive eviction of Tenant. The Rent reserved herein shall not abate while said repairs, alterations or additions are being made and
Tenant shall not be entitled to maintain a set-off or counterclaim for damages against Landlord by reason of loss from interruption to the business of Tenant because of the prosecution of any such work. All such repairs, decorations, additions and
improvements shall be done during ordinary business hours, or, if any such work is at the request of Tenant to be done during any other hours, the Tenant shall pay all overtime and other extra costs. 
  
 20. Services. 
  
 (a) The normal business hours of the Building shall be from 7:00 A.M. to
6:00 P.M. on Monday through Friday, and 8:00 A.M. to 1:00 P.M. on Saturday, exclusive of holidays reasonably designated by Landlord (“Building Holidays”). Initially and until further notice by Landlord to Tenant, the Building Holidays
shall be: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas. Landlord will not change the Building Holidays without Tenant’s consent, which will not be unreasonably withheld. Landlord shall furnish the
following services during the normal business hours of the Building except as noted: 
  
 (i) Elevator service for passenger and delivery needs (to be provided 24 hours, 7 days a week); 
  
 (ii) Air conditioning adequate to cool the Premises to a temperature of approximately 75 degrees Fahrenheit, dry bulb (+ or – 2 degrees) at a
maximum relative humidity of 50% and heat adequate to warm the Premises to a temperature of approximately 70 degrees Fahrenheit, dry bulb with no humidity control, as necessary for outside temperatures as determined by ASHRAE Summer and Winter
Comfort Zones, subject to governmental regulations. After hours HVAC will be available to for purchase by Tenant at the rate of $40 per hour, per floor; 
  

 14 

 (iii) Hot and cold running water for all restrooms and lavatories (to be provided 24 hours, 7 days a
week); 
  
 (iv) Soap, paper towels, and toilet tissue for public
restrooms; 
  
 (v) Janitorial service Monday through Friday, in
keeping with the standards generally maintained in similar office buildings in the metropolitan area in which the Project is located; 
  
 (vi) Custodial, electrical and mechanical maintenance services are provided Monday through Friday; 
  
 (vii) Electric power for lighting and outlets not in excess of a total of 5
watts per useable square foot of the Premises at 100% connected load (to be provided 24 hours, 7 days a week); 
  
 (viii) Replacement of Building standard lamps and ballasts as needed; 
  
 (ix) Repairs and maintenance as described in Section 10 of this Lease; and 
  
 (x) General management, including supervision, inspections, recordkeeping,
accounting, leasing and related management functions. 
  
 (b) The
services provided in subparagraph (a) herein, and the amount of Rent prescribed herein are predicated on and are in anticipation of certain usage of the Premises by Landlord as follows: 
  
 (i) Air conditioning design is based on sustained outside temperatures being no higher and no lower than the outside
temperatures for the weather station closest to the Building as set forth in the 2001 ASHRAE Fundamentals Handbook, Chapter 27, Climatic Design Information, Tables 1A and 1B for Heating and Cooling Design Conditions (89% Heating Dry Bulb Column 2b,
and 1% Cooling Dry Bulb/Mean Coincident Wet Bulb Columns 2c and 2d), with sustained occupancy of the Premises by no more than four (4) persons per 1,000 useable square feet of floor area (or the maximum occupancy permitted pursuant to applicable
laws or codes, whichever is less) and heat generated by electrical lighting and fixtures not to exceed 5 watts [subject to Landlord’s determination] per useable square foot. 
  
 (ii) Tenant shall have no right to any services in excess of those provided herein. If Tenant uses services in an amount or
for a period in excess of that provided for herein, then Landlord reserves the right to: charge Tenant as Additional Rent hereunder a reasonable sum as reimbursement for the direct cost of such added services; charge Tenant for the cost of any
additional equipment or facilities or modifications thereto, necessary to provide the additional services; and/or to discontinue providing such excess services to Tenant. Landlord shall also have the right to charge Tenant a reasonable
administrative charge if the electricity or water services for the Premises are separately metered. 
  

 15 

 (c) Landlord shall not be liable for any damages directly or indirectly resulting from the interruption
in any of the services described above, nor shall any such interruption entitle Tenant to any abatement of Rent or any right to terminate this Lease. Landlord shall use all reasonable efforts to furnish uninterrupted services as required above.
Notwithstanding the foregoing, if any of the services described above continue for seventy-two (72) hours, Tenant’s Base Rent shall abate for each additional day such service is not provided. Tenant shall have the right to use a temporary
generator, at its expense, in the event of a disruption of electricity. 
  
 21. Indemnities. Tenant does hereby indemnify and save harmless Landlord against all claims for damages to persons or property which are caused anywhere in the Building or on the Property by the negligence or willful
misconduct of Tenant, its agents or employees or which occur in the Premises (or arise out of actions taking place in the Premises) unless such damage is caused by the negligence or willful misconduct of Landlord, its agents, or employees. Landlord
does hereby indemnify and hold Tenant harmless against all claims for damages to persons or property if caused by the negligence or willful misconduct of Landlord, its agents or employees. The indemnities set forth hereinabove shall include the
obligation to pay reasonable expenses incurred by the indemnified party, including, without limitation, reasonable, actually incurred attorney’s fees. The indemnities contained herein do not override the waivers contained in Section 22(d)
below. 
  
 22. Tenant’s Insurance; Waivers.

  
 (a) Tenant further covenants and agrees that from and after
the date of delivery of the Premises from Landlord to Tenant, Tenant will carry and maintain, at its sole cost and expense, the following types of insurance, in the amounts specified and in the form hereinafter provided for: 
  
 (i) Commercial General and Umbrella Liability Insurance covering the
Premises and Tenant’s use thereof against claims for personal injury or death, property damage and product liability occurring upon, in or about the Premises, such insurance to be written on an occurrence basis (not a claims made basis), with a
limit for each occurrence not less than $2,000,000 and to have umbrella coverage of not less than $5,000,000 for each policy year. The insurance coverage required under this Section 22(a)(i) shall, in addition, extend to any liability of Tenant
arising out of the indemnities provided for in Section 21 and, if necessary, the policy shall contain a contractual endorsement to that effect. CGL insurance shall be written on ISO occurrence form CG 00 01 01 96 (or a substitute form providing
equivalent or better coverage). The certificate of insurance evidencing the Commercial General Liability form of policy shall specify all endorsements required herein, shall name all additional insureds required by Section 22(b) below and shall
specify on the face thereof that the limits of such policy applies separately to the Premises. 
  
 (ii) Commercial all risk property insurance covering all of the items included in Tenant’s leasehold improvements, heating, ventilating and air
conditioning equipment maintained by Tenant, trade fixtures, merchandise and personal property from time to time in, on or upon the Premises, and alterations, additions or changes made by Tenant pursuant to Section 12, in an amount not less than one
hundred percent (100%) of their full replacement value from time to time during the Term, providing protection against perils included within the ISO Special Causes of Loss —Form insurance policy (or substitute form providing, in
Landlord’s 
  

 16 

 reasonable discretion, equivalent or better coverage), together with insurance against [deletion subject to
Landlord’s approval] vandalism and malicious mischief. Any policy proceeds from such insurance shall be held in trust by Tenant’s insurance company for the repair, construction and restoration or replacement of the property damaged or
destroyed unless this Lease shall cease and terminate under the provisions of Section 28 of this Lease. The certificate of insurance evidencing such coverage which is delivered by Tenant pursuant to Section 22(b) below shall designate Landlord and
Wells Management, Inc. as loss payee as their interests may appear with respect to the Building, all leasehold improvements, heating, ventilating and air-conditioning equipment and all fixtures (other than Tenant’s trade fixtures). 

 
 (iii) Workers’ Compensation and Employer’s Liability insurance
affording statutory coverage and containing statutory limits with the Employer’s Liability portion thereof to have minimum limits of $500,000.00. 
  
 (iv) Business Interruption Insurance equal to not less than fifty percent (50%) of the estimated annual gross earnings (as defined in the standard form
of business interruption insurance provision) of Tenant generated from or through the Premises for its most recent fiscal year, which insurance shall be issued on an “all risks” basis (or its equivalent). 
  
 (v) Automobile (and if necessary, commercial umbrella) liability insurance
with a limit of not less than $5,000,000 for each accident. Such insurance shall insure liability arising out of any automobiles used in connection with Tenant’s business (including owned, hired, leased and non-owned automobiles). 

 
 (b) All policies of the insurance provided for in Section 22(a) shall be
issued in form acceptable to Landlord by insurance companies with a rating and financial size of not less than A-X in the most current available “Best’s Insurance Reports” (or other comparable rating agency), and licensed to do
business in the state in which Landlord’s Building is located. Landlord, in its sole discretion, shall be permitted to temporarily waive or accept alternative coverages for Tenant’s insurance as required by the terms of this Section 22.
Each and every such policy: 
  
 (i) shall name Landlord and its
management company (Wells Management, Inc.) as an additional insured (as well as any mortgagee of Landlord) and the coverage in item (ii) shall also name Landlord as loss payee as its interest may appear with respect to all leasehold improvements,
heating, ventilating and air-conditioning equipment and fixtures (other than Tenant’s trade fixtures). 
  
 (ii) shall (and a certificate thereof shall be delivered to Landlord at or prior to the execution of the Lease) be delivered to each of Landlord and any
such other parties in interest within thirty (30) days after delivery of possession of the Premises to Tenant and thereafter within thirty (30) days prior to the expiration of each such policy, and, as often as any such policy shall expire or
terminate. Renewal or additional policies shall be procured and maintained by Tenant in like manner and to like extent; 
  
 (iii) shall contain a provision that the insurer will give to Landlord and such other parties in interest at least thirty (30) days notice in writing in
advance of any material change, cancellation, termination or lapse, or the effective date of any reduction in the amounts of insurance; and 
  

 17 

 (iv) In the event a loss arises from the sole negligence of Tenant, Tenant’s policy shall be
primary. In the event a loss arises from the sole negligence of the Landlord, Landlord’s insurance shall be primary. In the event a loss arises from negligence on the part of both Tenant and Landlord, each respective Party’s insurance
shall contribute proportionately to the extent of each Party’s culpability in the loss. 
  
 (c) Any insurance provided for in Section 22(a) may be maintained by means of a policy or policies of blanket insurance, covering additional items or locations or insureds, provided, however, that: 
  
 (i) Landlord and any other parties in interest from time to time designated
by Landlord to Tenant shall be named as an additional insured thereunder as its interest may appear; 
  
 (ii) the coverage afforded Landlord and any such other parties in interest will not be reduced or diminished by reason of the use of such blanket policy
of insurance; 
  
 (iii) any such policy or policies [except any
covering the risks referred to in Section 22(a)] shall specify therein (or Tenant shall furnish Landlord with a written statement from the insurers under such policy specifying) the amount of the total insurance allocated to the Tenant’s
improvements and property more specifically detailed in Section 22(a); and 
  
 (iv) the requirements set forth in this Section 22 are otherwise satisfied. 
  
 (d) Notwithstanding anything to the contrary set forth hereinabove, Landlord and Tenant do hereby waive any and all claims against one another for damage
to or destruction of real or personal property to the extent such damage or destruction can be covered by an ISO Causes of Loss—Special Form property insurance of the type described in Section 22(a)(ii) above. Each party shall also be
responsible for the payment of any deductible amounts required to be paid under the applicable ISO Causes of Loss—Special Form property insurance carried by the party whose property is damaged. These waivers shall apply if the damage would have
been covered by a customary ISO Causes of Loss—Special Form property insurance policy, even if the party fails to obtain such coverage. The intent of this provision is that each party shall look solely to its insurance with respect to property
damage or destruction which can be covered by ISO Causes of Loss —Special Form property insurance of the type described in Section 22(a)(ii). To further effectuate the provisions of this Section 22(d), Landlord and Tenant both agree to provide
copies of this Lease (and in particular, these waivers) to their respective insurance carriers and to require such insurance carriers to waive all rights of subrogation against the other party with respect to property damage covered by the
applicable ISO Causes of Loss—Special Form property insurance policy. 
  
 (e) Landlord and Tenant acknowledge and agree that any contractors (and subcontractors of any tier) hired to do work in the Premises will be required to carry sufficient insurance coverage insuring the contractor (or
subcontractor), Tenant and Landlord with terms equivalent to those specified in this Section 22, and Landlord or Tenant shall provide certificates of such insurance to the other party prior to commencing any work in the Premises. 
  

 18 

 23. Governmental Requirements. Tenant shall, at its own expense, promptly comply with all
requirements of any legally constituted governmental or public authority made necessary by reason of Tenant’s occupancy of the Premises, including, without limitation, the Americans with Disabilities Act. Landlord shall, at its own expense,
promptly comply with all requirements of any legally constituted governmental or public authority, including, without limitation, the Americans with Disabilities Act, in connection with the portions of the Building and Building systems that Landlord
is responsible to repair and replace. 
  
 24. Abandonment of
Premises. Tenant agrees not to abandon or vacate the Premises during the Term of this Lease for a period of more than ninety (90) days. If Tenant does abandon or vacate the Premises for more than ninety (90) days, Landlord may terminate this
Lease, by written notice to Tenant at any time prior to Tenant reoccupying the Premises, but such termination shall not entitle Landlord to pursue any other remedies unless an uncured Event of Default then exists, in which case Landlord may pursue
any and all remedies provided by this Lease, at law or in equity. 
  
 25. Assignment and Subletting. Tenant may not, without the prior written consent of Landlord, which consent may be withheld by Landlord in its sole, unfettered discretion, assign this Lease or any interest hereunder, or sublet
the Premises or any part thereof, or permit the use of the Premises by any party other than Tenant. In the event that Tenant is a corporation or entity other than an individual, any transfer of a majority or controlling interest in Tenant (whether
by stock transfer, merger, operation of law or otherwise) shall be considered an assignment for purposes of this paragraph and shall require Landlord’s prior written consent. Consent to one assignment or sublease shall not waive this provision,
and all later assignments and subleases shall likewise be made only upon the prior written consent of Landlord. Tenant shall reimburse Landlord for its legal and administrative costs in reviewing any such proposed assignment or sublease. Subtenants
or assignees shall become liable to Landlord for all obligations of Tenant hereunder, without relieving Tenant’s liability hereunder and, in the event of any default by Tenant under this Lease, Landlord may, at its option, but without any
obligation to do so, elect to treat such sublease or assignment as a direct Lease with Landlord and collect rent directly from the subtenant. In addition, upon any request by Tenant for Landlord’s consent to an assignment or sublease, Landlord
may elect to terminate this Lease and recapture all of the Premises (in the event of an assignment request) or the applicable portion of the Premises (in the event of a subleasing request); provided, however, if Landlord notifies Tenant that
Landlord elects to exercise this recapture right, Tenant may, within five (5) business days of its receipt of Landlord’s notice, notify Landlord that Tenant withdraws its request to sublease or assign, in which case Tenant shall continue to
lease all of the Premises, subject to the terms of this Lease and Landlord’s recapture notice shall be null and void. If Tenant desires to assign or sublease, Tenant must provide written notice to Landlord describing the proposed transaction in
detail and providing all documentation (including detailed financial information for the proposed assignee or subtenant) reasonably necessary to let Landlord evaluate the proposed transaction. Landlord shall notify Tenant within twenty (20) days of
its receipt of such notice whether Landlord elects to exercise its recapture right and, if not, whether Landlord consents to the requested assignment or sublease. If Landlord fails to respond within such twenty (20) day period, Landlord will be
deemed not to have elected to recapture and not to have consented to the assignment or sublease. If Landlord does consent to any assignment or sublease request and the assignee or subtenant pays to Tenant an amount in excess of the Rent due under
this Lease (after deducting Tenant’s reasonable, actual expenses in obtaining such assignment or sublease, amortized in equal monthly installments over the then remainder of the Term), Tenant shall pay 75% of such excess to Landlord as and when
the monthly payments are received by Tenant. 
  

 19 

 Notwithstanding the foregoing, Tenant shall have the right to assign the Lease or sublease the Premises,
or any part thereof, to an “Affiliate” without the prior written consent of Landlord, provided that the assigning party is not in default under the Lease. For purposes of this provision, the term “Affiliate” shall mean any
corporation or other entity controlling, controlled by, or under common control with (directly or indirectly) Tenant, including, without limitation, any parent corporation controlling Tenant or any subsidiary that Tenant controls. The term
“control,” as used herein, shall mean the power to direct or cause the direction of the management and policies of the controlled entity through the ownership of more than fifty percent (50%) of the voting securities in such controlled
entity. For purposes of this provision, Synovus Bank of Jacksonville, a Florida banking corporation, is deemed an Affiliate of Tenant. Subtenants or assignees shall become liable to Landlord for all obligations of Tenant hereunder, without relieving
Tenant’s liability hereunder and, in the event of any default by Tenant under this Lease. Any subtenant or assignee of Tenant pursuant to this provision shall have the right to sublet and assign the Lease to Affiliates so long as Tenant remains
liable under the Lease. 
  
 26. Default. If Tenant
shall default in the payment of Rent herein reserved when due and fails to cure such default within five (5) business days after written notice of such default is given to Tenant by Landlord; or if Tenant shall be in default in performing any of the
terms or provisions of this Lease other than the provisions requiring the payment of Rent, and fails to cure such default within thirty (30) days after written notice of such default is given to Tenant by Landlord, or, if such default cannot be
cured within thirty (30) days, Tenant shall not be in default if Tenant promptly commences and diligently proceeds the cure to completion as soon as possible and in all events within ninety (90) days; or if Tenant is adjudicated a bankrupt; or if a
permanent receiver is appointed for Tenant’s Property and such receiver is not removed within sixty (60) days after written notice from Landlord to Tenant to obtain such removal; or if, whether voluntarily or involuntarily, Tenant takes
advantage of any debtor relief proceedings under any present or future law, whereby the Rent or any part thereof, is, or is proposed to be, reduced or payment thereof deferred; or if Tenant’s effects should be levied upon or attached and such
levy or attachment is not satisfied or dissolved within thirty (30) days after written notice from Landlord to Tenant to obtain satisfaction thereof; or, if Tenant is an individual, in the event of the death of the individual and the failure of the
executor, administrator or personal representative of the estate of the deceased individual to have assigned the Lease within three (3) months after the death to an assignee approved by Landlord; then, and in any of said events, Landlord, at its
option, may exercise any or all of the remedies set forth in Section 27 below. 
  
 27. Remedies. Upon the occurrence of any default set forth in Section 26 above which is not cured by Tenant within the applicable cure period provided therein, if any, Landlord may exercise all or any of
the following remedies: 
  
 (a) terminate this Lease by giving
Tenant written notice of termination, in which event this Lease shall terminate on the date specified in such notice and all rights of Tenant under this Lease shall expire and terminate as of such date, Tenant shall remain liable for all obligations
under this Lease up to the date of such termination and Tenant shall surrender the Premises to Landlord on the date specified in such notice, and if Tenant fails to so surrender, Landlord shall have the right, without notice, to enter upon and take
possession of the Premises and to expel and remove Tenant and its effects without being liable for prosecution or any claim of damages therefor; 
  

 20 

 (b) terminate this Lease as provided in the immediately preceding subsection and recover from Tenant all
damages Landlord may incur by reason of Tenant’s default, including without limitation, the then present value of (i) the total Rent which would have been payable hereunder by Tenant for the period beginning with the day following the date of
such termination and ending with the Expiration Date of the term as originally scheduled hereunder, minus (ii) the aggregate reasonable rental value of the Premises for the same period (as determined by a real estate broker, mutually acceptable to
both Landlord and Tenant and licensed in the state where the Project is located, who has at least ten (10) years experience, immediately prior to the date in question evaluating commercial office space, taking into account all relevant factors
including, without limitation, the length of the remaining Term, the then current market conditions in the general area, the likelihood of reletting for a period equal to the remainder of the Term, net effective rates then being obtained by
landlords for similar type space in similar buildings in the general area, vacancy levels in the general area, current levels of new construction in the general area and how that would affect vacancy and rental rates during the period equal to the
remainder of the Term and inflation), plus (iii) the costs of recovering the Premises, and all other expenses incurred by Landlord due to Tenant’s default, including, without limitation, reasonable attorneys’ fees, plus (iv) the unpaid
Rent earned as of the date of termination, plus interest, all of which sum shall be immediately due and payable by Tenant to Landlord; 
  
 (c) without terminating this Lease, and without notice to Tenant, Landlord may in its own name, but as agent for Tenant enter into and take possession of
the Premises and re-let the Premises, or a portion thereof, as agent of Tenant, upon any terms and conditions as Landlord may deem necessary or desirable (Landlord shall have no obligation to attempt to re-let the Premises or any part thereof. Upon
any such re-letting, all rentals received by Landlord from such re-letting shall be applied first to the costs incurred by Landlord in accomplishing any such re-letting, and thereafter shall be applied to the Rent owed by Tenant to Landlord during
the remainder of the term of this Lease and Tenant shall pay any deficiency between the remaining Rent due hereunder and the amount received by such re-letting as and when due hereunder; 
  
 (d) allow the Premises to remain unoccupied and collect Rent from Tenant as it becomes due; or 
  
 (e) pursue such other remedies as are available at law or in equity.

  
 28. Destruction or Damage. 
  
 (a) If the Building or the Premises are totally destroyed by storm, fire,
earthquake, or other casualty, or damaged to the extent that, in Landlord’s reasonable opinion the damage cannot be restored within one hundred eighty (180) days of the date Landlord provides Tenant written notice of Landlord’s reasonable
estimate of the time necessary to restore the damage, or if the damage is not covered by standard ISO Causes of Loss – Special Form property insurance, or if the Landlord’s lender requires that the insurance proceeds be applied to its
loan, Landlord shall have the right to terminate this Lease effective as of the date of such destruction or damage by written notice to Tenant on or before thirty (30) days following Landlord’s notice described in the next sentence and Rent
shall be accounted for as between Landlord and Tenant as of that date. Landlord shall provide Tenant with notice within sixty (60) 
  

 21 

 days following the date of the damage of the estimated time needed to restore, whether the loss is covered by
Landlord’s insurance coverage and whether or not Landlord’s lender requires the insurance proceeds be applied to its loan. 
  
 (b) If the Premises are damaged by any such casualty or casualties but Landlord is not entitled to or does not terminate this Lease as provided in
subparagraph (a) above, this Lease shall remain in full force and effect, Landlord shall notify Tenant in writing within sixty (60) days of the date of the damage that the damage will be restored (and will include Landlord’s good faith estimate
of the date the restoration will be complete), in which case Rent shall abate as to any portion of the Premises which is not usable, and Landlord shall restore the Premises to substantially the same condition as before the damage occurred as soon as
practicable, whereupon full Rent shall recommence. 
  
 29.
Eminent Domain. If the whole of the Building or Premises, or such portion thereof as will make the Building or Premises unusable in the reasonable judgment of Landlord for their intended purposes, is condemned or taken by any legally
constituted authority for any public use or purpose, then in either of said events, Landlord may terminate this Lease by written notice to Tenant and the Term hereby granted shall cease from that time when possession thereof is taken by the
condemning authorities, and Rent shall be accounted for as between Landlord and Tenant as of that date. If a portion of the Building or Premises is so taken, but not such amount as will make the Premises unusable in the reasonable judgment of
Landlord for the purposes herein leased, or if Landlord elects not to terminate this Lease, this Lease shall continue in full force and effect and the Rent shall be reduced prorata in proportion to the amount of the Premises so taken. Tenant shall
have no right or claim to any part of any award made to or received by Landlord for such condemnation or taking, and all awards for such condemnation or taking shall be made solely to Landlord. Tenant shall, however, have the right to pursue any
separate award that does not reduce the award to which Landlord is entitled. 
  
 30. Service of Notice. Except as otherwise provided by law, Tenant hereby appoints as its agent to receive the service of all dispossessory or distraint proceedings and notices thereunder, the person in
charge of or occupying the Premises at the time of such proceeding or notice; and if no person be in charge or occupying the Premises, then such service may be made by attaching the same to the front entrance of the Premises. 
  
 31. Mortgagee’s Rights. 
  
 (a) Tenant agrees that this Lease shall be subject and subordinate (i) to
any mortgage, deed to secure debt or other security interest now encumbering the Property and to all advances which may be hereafter made, to the full extent of all debts and charges secured thereby and to all renewals or extensions of any part
thereof, and to any mortgage, deed to secure debt or other security interest which any owner of the Property may hereafter, at any time, elect to place on the Property; (ii) to any assignment of Landlord’s interest in the leases and rents from
the Building or Property which includes the Lease which now exists or which any owner of the Property may hereafter, at any time, elect to place on the Property; and (iii) to any Uniform Commercial Code Financing Statement covering the personal
property rights of Landlord or any owner of the Property which now exists or any owner of the Property may hereafter, at any time, elect to place on the foregoing personal property (all of the foregoing instruments set forth in (i), (ii) and (iii)
above being hereafter collectively referred to as “Security Documents”). Tenant agrees upon request of the holder of any Security Documents (“Holder”) to hereafter execute any 
  

 22 

 documents which the counsel for Landlord or Holder may deem necessary to evidence the subordination of the Lease to the
Security Documents. If Tenant fails to execute any such requested documents, Landlord or Holder is hereby empowered to execute such documents in the name of Tenant evidencing such subordination, as the act and deed of Tenant, and this authority is
hereby declared to be coupled with an interest and not revocable. 
  
 (b) In the event of a foreclosure pursuant to any Security Documents, Tenant shall at the election of the Landlord, thereafter remain bound pursuant to the terms of this Lease as if a new and identical Lease between the purchaser at such
foreclosure (“Purchaser”), as landlord, and Tenant, as tenant, had been entered into for the remainder of the Term hereof and Tenant shall attorn to the Purchaser upon such foreclosure sale and shall recognize such Purchaser as the
Landlord under the Lease. Such attornment shall be effective and self-operative without the execution of any further instrument on the part of any of the parties hereto. Tenant agrees, however, to execute and deliver at any time and from time to
time, upon the request of Landlord or of Holder, any instrument or certificate that may be necessary or appropriate in any such foreclosure proceeding or otherwise to evidence such attornment. 
  
 (c) If the Holder of any Security Document or the Purchaser upon the
foreclosure of any of the Security Documents shall succeed to the interest of Landlord under the Lease, such Holder or Purchaser shall have the same remedies, by entry, action or otherwise for the non-performance of any agreement contained in the
Lease, for the recovery of Rent or for any other default or event of default hereunder that Landlord had or would have had if any such Holder or Purchaser had not succeeded to the interest of Landlord. Any such Holder or Purchaser which succeeds to
the interest of Landlord hereunder, shall not be (a) liable for any act or omission of any prior Landlord (including Landlord); or (b) subject to any offsets or defenses which Tenant might have against any prior Landlord (including Landlord); or (c)
bound by any Rent which Tenant might have paid for more than the current month to any prior Landlord (including Landlord); or (d) bound by any amendment or modification of the Lease made without its consent. 
  
 (d) Tenant hereby acknowledges that if the interest of Landlord hereunder is
covered by an assignment of Landlord’s interest in Lease, Tenant shall pay all Rent due and payable under the Lease directly to the Holder of the assignment of Landlord’s interest in Lease upon notification of the exercise of the rights
thereunder by the Holder thereof. 
  
 (e) Notwithstanding anything
to the contrary set forth in this Section 31, the Holder of any Security Documents shall have the right, at any time, to elect to make this Lease superior and prior to its Security Document. No documentation, other than written notice to Tenant,
shall be required to evidence that the Lease has been made superior and prior to such Security Documents, but Tenant hereby agrees to execute any documents reasonably requested by Landlord or Holder to acknowledge that the Lease has been made
superior and prior to the Security Documents. 
  
 (f)
Notwithstanding anything to the contrary in this Section 31, as a condition of Tenant’s obligation to subordinate the Lease as described herein, Landlord shall use its best efforts to cause Holder to enter into a subordination, non-disturbance
and attornment agreement reasonably acceptable to Tenant. 
  

 23 

 32. Tenant’s Estoppel. Tenant shall, from time to time, upon not less than ten (10)
days prior written request by Landlord, execute, acknowledge and deliver to Landlord a written statement certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and
effect as modified and stating the modifications), the dates to which the Rent has been paid, that Tenant is not in default hereunder and has no offsets or defenses against Landlord under this Lease, whether or not to the best of Tenant’s
knowledge Landlord is in default hereunder (and if so, specifying the nature of the default), and other matters reasonably requested by Landlord concerning the status of the Lease and the Premises, it being intended that any such statement delivered
pursuant to this paragraph may be relied upon by a prospective purchaser of Landlord’s interest or by a mortgagee of Landlord’s interest or assignee of any security deed upon Landlord’s interest in the Premises. 
  
 33. Attorney’s Fees. If Landlord or Tenant exercises any
of the remedies provided under this Lease as a result of the other party’s failure to comply with its obligations, or if Landlord or Tenant brings any action to enforce its rights under this Lease, the failing party shall be obligated to
reimburse the prevailing party, on demand, for all costs and expenses, including reasonable attorneys’ fees and court costs, incurred in connection therewith.  
  
 34. Parking. No rights to specific parking spaces are granted under this Lease except that Landlord shall
reserve eight contiguous parking spaces for Tenant among the ten parking spaces located at the location shown on the Exhibit “F” attached hereto and incorporated herein; however, subject to Landlord’s rights pursuant to the
remainder of this Section 34, Tenant shall be entitled to use up to 4 spaces per each 1,000 rentable square feet of space in the initial Premises (56 total spaces, including the 8 reserved spaces) in the parking facilities located on the Property.
All parking spaces provided to Tenant shall be unreserved and are to be used by Tenant, its employees and invitees in common with the other tenants of the Building and their employees and invitees. Landlord reserves the right to build improvements
upon, reduce the size of, relocate, reconfigure, and/or make alterations or additions to such parking facilities at any time provided that Tenant’s consent will be required before the relocation of Tenant’s eight (8) reserved spaces, such
consent not to be unreasonably withheld. The use of the parking spaces is provided by Landlord to Tenant without additional charge. 
  
 35. Storage. If Landlord makes available to Tenant any storage space outside the Premises, anything stored therein shall be wholly at the
risk of Tenant, and Landlord shall have no responsibility or liability for the items stored therein. 
  
 36. Waste Disposal. 
  
 (a) All normal trash and waste (i.e., waste that does not require special handling pursuant to subparagraph (b) below) shall be disposed of through the
janitorial service. 
  
 (b) Tenant shall be responsible for the
removal and disposal of any waste deemed by any governmental authority having jurisdiction over the matter to be hazardous or infectious waste or waste requiring special handling, such removal and disposal to be in accordance with any and all
applicable governmental rules, regulations, codes, orders or requirements. Tenant agrees to separate and mark appropriately all waste to be removed and disposed of through the janitorial service pursuant to (a) above and hazardous, infectious or
special waste to be removed and disposed of by Tenant pursuant to this subparagraph (b). Tenant hereby indemnifies and holds harmless Landlord from and against any loss, claims, demands, damage or injury Landlord may suffer or sustain as a result of
Tenant’s failure to comply with the provisions of this subparagraph (b). 
  

 24 

 37. Surrender of Premises. Subject to Special Stipulation D-2, whenever under the terms
hereof Landlord is entitled to possession of the Premises, Tenant at once shall surrender the Premises and the keys thereto to Landlord in the same condition as on the Commencement Date hereof, natural wear and tear only excepted, and Tenant shall
remove all of its personalty therefrom. Landlord may forthwith re-enter the Premises and repossess itself thereof and remove all persons and effects therefrom, using such force as may be necessary without being guilty of forcible entry, detainer,
trespass or other tort. Tenant’s obligation to observe or perform these covenants shall survive the expiration or other termination of the Term of this Lease. If the last day of the Term of this Lease or any renewal falls on Sunday or a legal
holiday, this Lease shall expire on the business day immediately preceding. 
  
 38. Cleaning Premises. Upon vacating the Premises, Tenant agrees to return the Premises to Landlord broom clean and in the same condition when Tenant’s possession commenced, natural wear and tear
excepted, regardless of whether any Security Deposit (as defined in Section 44 below) has been forfeited. 
  
 39. No Estate In Land. This contract shall create the relationship of landlord and tenant between Landlord and Tenant; no estate shall pass
out of Landlord; Tenant has only a usufruct, not subject to levy or sale, and not assignable by Tenant except with Landlord’s consent. 
  
 40. Cumulative Rights. All rights, powers and privileges conferred hereunder upon the parties hereto shall be cumulative but not restrictive
to those given by law. 
  
 41. Paragraph Titles;
Severability. The paragraph titles used herein are not to be considered a substantive part of this Lease, but merely descriptive aids to identify the paragraph to which they refer. Use of the masculine gender includes the feminine and
neuter, and vice versa, where necessary to impart contextual continuity. If any paragraph or provision herein is held invalid by a court of competent jurisdiction, all other paragraphs or severable provisions of this Lease shall not be affected
thereby, but shall remain in full force and effect. 
  
 42.
Damage or Theft of Personal Property. All personal property brought into the Premises shall be at the risk of the Tenant only and Landlord shall not be liable for theft thereof or any damage thereto occasioned by any acts of co-tenants,
or other occupants of the Building, or any other person, except, with respect to damage to the Premises, as may be occasioned by the negligent or willful act of the Landlord, its employees and agents. 
  
 43. Holding Over. In the event Tenant remains in possession of
the Premises after the expiration of the Term hereof, or of any renewal term, with Landlord’s written consent, Tenant shall be a tenant at will and such tenancy shall be subject to all the provisions hereof, except that the monthly rental shall
be at the higher of 150% of the monthly Base Rent payable hereunder upon such expiration of the Term hereof, or of any renewal term, or 150% of the then current fair market rental value of the Premises as the same would be adjusted pursuant to the
provisions of Section 4 hereof. In the event Tenant remains in possession of the Premises after the expiration of the Term hereof, or any renewal term, without Landlord’s written consent, Tenant shall be a tenant at sufferance and may be
evicted by Landlord without any notice, but 
  

 25 

 Tenant shall be obligated to pay rent for such period that Tenant holds over without written consent at the same rate
provided in the previous sentence and shall also be liable for any and all other damages Landlord suffers as a result of such holdover including, without limitation, the loss of a prospective tenant for such space. There shall be no renewal of this
Lease by operation of law or otherwise. Nothing in this Section shall be construed as a consent by Landlord for any holding over by Tenant after the expiration of the Term hereof, or any renewal term. 
  
 44. Security Deposit. Intentionally Omitted. 
  
 45. Building Allowance and Tenant Finishes. 
  
 (a) Landlord will provide to Tenant an allowance (“Allowance”) of
$30.00 per rentable square foot contained within the Premises to be applied to the cost of the Work and Additional Work described in Exhibit “B”. Landlord will also provide space planning, architectural and engineering services at
its expense for the Work as provided in the Work Letter. Tenant and Landlord agree that all costs of the Work and Additional Work in excess of such Allowance which are requested by Tenant and approved by Landlord shall be paid by Tenant to Landlord
as follows: twenty-five (25%) percent of Tenant’s estimated costs prior to the commencement of the Work, fifty percent (50%) of Tenant’s estimated costs within five (5) business days of Landlord’s notice that fifty percent (50%) of
the Work is complete and the balance of actual costs upon substantial completion and prior to occupancy. Landlord’s notice to Tenant that the work is fifty percent (50%) complete and substantially complete shall include a certificate from the
architect stating that the work is substantially complete and setting forth an itemized invoice of the amount due Landlord. The amount due for each installment shall be due and payable by Tenant twenty (20) days following delivery of the notice and
certification described above. Should Tenant fail to pay for such excess costs when due as herein provided, such amount due shall accrue interest at the rate of one and one-half (1 1/2%) percent per month or fraction thereof from the date such payment is due until paid (Annual Percentage Rate—18%) and the failure to pay such amount when due shall be a
default, subject to the provisions of Section 26. 
  
 (b)
The Work Letter attached hereto as Exhibit “B” is hereby made a part of this Lease, and its provisions shall control in the event of a conflict with the provisions contained in this Lease. 
  
 46. Rules and Regulations. The rules and regulations in regard
to the Building, annexed hereto, and all reasonable rules and regulations which Landlord may hereafter, from time to time, adopt and promulgate for the government and management of said Building, are hereby made a part of this Lease and shall,
during the said term, be observed and performed by Tenant, his agents, employees and invitees. 
  
 47. Quiet Enjoyment. Tenant, upon payment in full of the required Rent and full performance of the terms, conditions, covenants and agreements contained in this Lease, shall peaceably and quietly have,
hold and enjoy the Premises during the term hereof. Landlord shall not be responsible for the acts or omissions of any other tenant, Tenant or third party that may interfere with Tenant’s use and enjoyment of the Premises. 
  

 26 

 48. Entire Agreement. This Lease contains the entire agreement of the parties and no
representations, inducements, promises or agreements, oral or otherwise, between the parties not embodied herein shall be of any force or effect. 
  
 49. Limitation of Liability. Landlord’s obligations and liability with respect to this Lease shall be limited solely to Landlord’s
interest in the Building, as such interest is constituted from time to time, and neither Landlord nor any partner of Landlord, or any officer, director, shareholder, or partner of any partner of Landlord, shall have any personal liability whatsoever
with respect to this Lease. No owner of the Property, whether or not named herein, shall have liability hereunder after it ceases to hold title to the Property. 
  

50. Submission of Agreement. Submission of this Lease to Tenant for signature does not constitute a reservation of space or an option to
acquire a right of entry. This Lease is not binding or effective until execution by and delivery to both Landlord and Tenant. 
  
 51. Authority. If Tenant executes this Lease as a corporation, limited partnership, limited liability company or any other type of entity,
each of the persons executing this Lease on behalf of Tenant does hereby personally represent and warrant that Tenant is a duly organized and validly existing corporation, limited partnership, limited liability company or other type of entity, that
Tenant is qualified to do business in the state where the Project is located, that Tenant has full right, power and authority to enter into this Lease, and that each person signing on behalf of Tenant is authorized to do so. In the event any such
representation and warranty is false, all persons who execute this Lease shall be individually, jointly and severally, liable as Tenant. Upon Landlord’s request, Tenant shall provide Landlord with evidence reasonably satisfactory to Landlord
confirming the foregoing representations and warranties. 
  
 52. Relocation. Intentionally Omitted. 
  
 53. Broker Disclosure. Commercial Jacksonville, a real estate broker licensed in the State of Florida, has acted as agent for Landlord in this transaction and is to be paid a commission by Landlord pursuant to a separate
agreement. Grubb & Ellis/Phoenix Realty Group, Inc., a real estate broker licensed in the State of Florida, has acted as agent for Tenant in this transaction and is to be paid a commission by Landlord pursuant to a separate agreement. Landlord
represents that it has dealt with no other broker other than the broker(s) identified herein. Landlord agrees that, if any other broker makes a claim for a commission based upon the actions of Landlord, Landlord shall indemnify, defend and hold
Tenant harmless from any such claim. Tenant represents that it has dealt with no broker other than the broker(s) identified herein. Tenant agrees that, if any other broker makes a claim for a commission based upon the actions of Tenant, Tenant shall
indemnify, defend and hold Landlord harmless from any such claim. Tenant will cause its broker to execute a customary lien waiver, adequate under the law of the state where the Project is located, to extinguish any lien claims such broker may have
in connection with this Lease. 
  
 54. Notices. Any
notice which is required or permitted to be given by either party under this Lease shall be in writing and must be given only by facsimilie or by nationally recognized overnight courier service at the addresses set forth below. Any such notice shall
be deemed given on the date sent or deposited for delivery in accordance with one of the permitted methods described above. The time period for responding to any such notice shall begin on the date the notice is actually received, but refusal to
accept delivery or inability to accomplish 
  

 27 

 delivery because the party can no longer be found at the then current notice address, shall be deemed receipt. Either
party may change its notice address by notice to the other party in accordance with the terms of this Section 54. Upon the Commencement Date, notices must be sent to Tenant at the Premises, to the attention of Tenant’s CEO, as well as to the
addresses set forth below. The following are the initial notice addresses for each party: 
  

			
	 Landlord’s Notice Address:
	  	Wells Management, Inc.
	 	  	6200 The Corners Parkway, Suite 250
	 	  	Norcross, Georgia 30092-2295
	 	  	Attention: Property Manager
	 	  	Fax: (770) 243-8197
		
	 With a copy to:
	  	Wells Capital, Inc.
	 	  	6200 The Corners Parkway, Suite 250
	 	  	Norcross, Georgia 30092-2295
	 	  	Attention: Asset Manager
	 	  	Fax:
		
	 With a copy to:
	  	Hatcher Thomas LLC
	 	  	1401 Dresden Drive, Suite 300
	 	  	Atlanta, Georgia 30319
	 	  	Attn: Don Thomas
	 	  	Fax: (404) 816-9724
		
	 Tenant’s Notice Address:
	  	Synovus Financial Corp.
	 	  	1000 5th Avenuye
	 	  	Columbus, Georgia 31901
	 	  	Attn: Chris Peebles
	 	  	Fax: (706) 649-5215
		
	 With a copy to:
	  	Leboeuf, Lamb, Greene & Macrae, LLP
	 	  	50 N. Laura St., Suite 2800
	 	  	Jacksonville, FL 32202
	 	  	Attention: Karl B. Hanson, Jr.
	 	  	Fax: (904) 353-1673

  
 55. Force
Majeure. In the event of a strike, lockout, labor trouble, civil commotion, an act of God, or any other event beyond Landlord’s control (a “force majeure event”) which results in the Landlord being unable to timely perform its
obligations hereunder to repair the Premises, provide services, or complete Work (as provided in Exhibit “B”), so long as Landlord diligently proceeds to perform such obligations after the end of the force majeure event, Landlord shall not
be in breach hereunder, this Lease shall not terminate, and Tenant’s obligation to pay any Base Rent, additional rent, or any other charges and sums due and payable shall not be excused. 
  

 28 

 56. Financial Statements. Intentionally Omitted. [Landlord agrees to delete this
requirement so long as Synovus Financial Corp. is Tenant and remains liable upon assignment of the Lease to Synovus Bank of Jacksonville.] 
  
 57. Special Stipulations. The Special Stipulations, if conflicting, if any, attached hereto as Exhibit “D ” are
modifications to the terms of this Lease and such Special Stipulation shall control in the event of any conflict with the other provisions of this Lease or any exhibits hereto. 
  

 29 

 IN WITNESS WHEREOF, the parties herein have hereunto set their hands and seals, the day and year first
above written. 
  

					
	 LANDLORD:

	
	FUND IV AND FUND V ASSOCIATES
		
	 By:
	 	  

	 	 	 Title:
	 	  

		
	 By:
	 	  

	 	 	 Title:
	 	  

	 	 	 	 	(CORPORATE SEAL)
	
	 TENANT:

	
	SYNOVUS FINANCIAL CORP.
		
	 By:
	 	  

	 	 	 Title:
	 	  

		
	 By:
	 	  

	 	 	 Title:
	 	  

	 	 	 	 	(CORPORATE SEAL)

  

 30 

 RULES AND REGULATIONS 
  
 1. The sidewalks, entry passages, corridors, halls, elevators and stairways shall not be obstructed by Tenants or used by
them for any purpose other than those of ingress and egress. The floors, skylights and windows that reflect or admit light into any place in said building shall not be covered or obstructed by Tenants. The toilets, drains and other water apparatus
shall not be used for any other purpose than those for which they were constructed and no sweepings, rubbish or other obstructing substances shall be thrown therein. 
  
 2. No advertisement or other notice shall be inscribed, painted or affixed on any part of the outside or inside of said
building, except upon the doors, and of such order, size and style, and at such places, as shall be approved and designated by Landlord. Interior signs on doors will be ordered for Tenants by Landlord, the cost thereof to be charged to and paid for
by Tenants. 
  
 3. No Tenant shall do or permit to be done in his
Premises, or bring or keep anything therein, which shall in any way increase the rate of insurance carried by Landlord on the Building, or on the Property, or obstruct or interfere with the rights of other Tenants or in any way injure or annoy them,
or violate any applicable laws, codes or regulations. Tenants, agents, employees or invitees shall maintain order in the Premises and the Building, shall not make or permit any improper noise in the Premises or the Building or interfere in any way
with other Tenants, tenants or those having business with them. Nothing shall be thrown by Tenants, their clerks or servants, out of the windows or doors, or down the passages or skylights of the Building. No rooms shall be occupied or used as
sleeping or lodging apartments at any time. No part of the Building shall be used or in any way appropriated for gambling, immoral or other unlawful practices, and no intoxicating liquor or liquors shall be sold in the Building. 
  
 4. Tenants shall not employ any persons other than the janitors of Landlord
(who will be provided with pass-keys into the offices) for the purpose of cleaning or taking charge of the Premises, except as may be specifically provided otherwise in the Lease. 
  
 5. No animals, birds, bicycles or other vehicles shall be allowed in the offices, halls, corridors, elevators or elsewhere
in the Building, without the approval of Landlord. 
  
 6. Except
as otherwise provided in the Lease, no alterations be made to any part of the Building or the Premises by putting up or changing any partitions, doors or windows, nor shall any connection be made in the electric wires or gas or electric fixtures,
without the consent in writing on each occasion of Landlord. All glass, locks and trimmings in or upon the doors and windows of the Building shall be kept whole and, when any part thereof shall be broken by Tenant or Tenant’s agent, the same
shall be immediately replaced or repaired by Tenant (subject to Tenant’s compliance with Section 12 of the Lease) and put in order under the direction and to the satisfaction of Landlord, or its agents, and shall be kept whole and in good
repair. Tenants shall not injure, overload, or deface the Building, the woodwork or the walls of the Premises, nor carry on upon the Premises any noxious, noisy or offensive business. 
  
 7. A reasonable number of card keys will be furnished Tenants without charge. No additional security systems, access
systems, locks or latches shall be put upon any door without the written consent of Landlord other than the security measures related to the Tenant’s vault. Landlord hereby consents to the implementation by Tenant, at Tenant’s cost, of a
card access security system in the Premises. Tenants, at the termination of their Lease, shall return to Landlord all card keys to doors in the Building. 
  

 31 

 8. Landlord in all cases retains the power to prescribe the weight and position of iron safes or other
heavy articles, including the location of Tenant’s portable-removable vault which Landlord agrees will be located within the first floor of the Premises. Tenants must make arrangements with the superintendent of the Building when the elevator
is required for the purpose of the carrying of any kind of freight. 
  
 9. The use of burning fluid, camphene, benzine, kerosene or anything except gas or electricity, for lighting the Premises, is prohibited. No offensive gases or liquids will be permitted. 
  
 10. If Tenants desire blinds, coverings or drapes over the windows, they must
be of such shape, color and material as may be prescribed by Landlord, and shall be erected only with Landlord’s consent and at the expense of the Tenant desiring them. No awnings shall be placed on the Building. 
  
 11. All high-voltage wiring and cabling work shall be done only by
contractors approved in advance by Landlord and Landlord shall have the right to have all such work supervised by Building engineering/maintenance personnel. 
  
 12. At Landlord’s discretion, Landlord may hire security personnel for the Building, and every person entering or leaving the Building may be
questioned by such personnel as to the visitor’s business in the Building and shall sign his or her name on a form provided by the Building for so registering such persons. This requirement shall not apply to the portion of the Premises used as
a retail bank, Landlord shall have no liability with respect to breaches of the Building security, if any. 
  
 13. No smoking shall be permitted in any portion of the interior of the Building (including the Premises). 
  
 14. Tenants shall not install equipment that causes electrical consumption at
any time to exceed the capacity of the existing feeders, risers, or wiring. 
  
 15. No soliciting of any type is permitted in the Project. 
  

 32 

 EXHIBIT “A” 
  
 PROPERTY 
  
 [INSERT LEGAL DESCRIPTION FOR BUILDING] 
  

 33 

 EXHIBIT “A-1” 
  
 PREMISES 
  
 [ATTACH FLOOR PLAN SHOWING 
 PREMISES BY
DIAGONAL LINES] 
  

 34 

 EXHIBIT “B” 
 (WORK LETTER) 
  
 [To Be Attached.]

  

 35 

 EXHIBIT “C” 
  
 ACKNOWLEDGMENT, ACCEPTANCE AND AMENDMENT 
  
 Tenant hereby acknowledges that the Premises demised pursuant to the Lease to which this Exhibit “C is attached (the
“Lease”), and all tenant finish items to be completed by the Landlord, or Landlord’s contractors, have been satisfactorily completed in every respect, except for the punchlist items set forth below, and Tenant hereby accepts said
Premises as substantially complete and ready for the uses intended as set forth in the Lease. Landlord shall complete the punchlist items, if any, as soon as is reasonably possible. Possession of the Premises is hereby delivered to Tenant, and any
damages to walls, ceilings, floors or existing work, except for any damages caused by Landlord or Landlord’s contractors in completing any punchlist items, shall be the sole responsibility of Tenant. 
  
 If any improvements or tenant finishes are to be constructed or installed by
Tenant or Tenant’s contractors, as previously approved by Landlord, Tenant hereby agrees to indemnify and hold harmless Landlord from and against any claims, demands, loss or damage Landlord may suffer or sustain as a result of such work by
Tenant or Tenant’s contractors, including, without limitation, any claim of lien which may be filed against the Premises or Landlord’s Property as a result of such work by Tenant’s contractors or representatives. In the event any such
claim of lien is filed against Landlord’s Property by any contractor, laborer or materialman performing work on the Premises at Tenant’s direction, Tenant agrees to cause such lien to be discharged, by payment of the claim or bond, within
ten (10) days of receipt of demand by Landlord. 
  
 Tenant and
Landlord hereby further acknowledge and agree as follows: 
  
 1.
The Commencement Date (as defined in the Lease) is                     , 20     and the Expiration Date (as
defined in the Lease) is                     , 20    . 
  
 2. The exact rentable square feet contained within the Premises is
             square feet; and if differing from Exhibit “A-1” attached to the Lease, the Premises are as shown and outlined in red on Exhibit “C-1”
attached hereto. 
  
 3. Tenant’s Share is
            %. 
  
 4. The initial Base Rent payable under the Lease is $            , payable in equal monthly installments as provided in the Lease. 
  
 5. Rent under the Lease will commence as of
            . 
  
 6. Tenant intends to occupy the Premises on             . 
  
 7.              (No.) keys to the Premises have
been delivered to Tenant or Tenant’s representative. 
  

 36 

 8. The following punch list items are all that remain to be completed by Landlord or Landlord’s
contractor: 
  
  
 9. This Acknowledgment, Acceptance and Amendment, when executed by Landlord and Tenant, shall be attached to and shall become a part of the Lease. If any provision contained herein conflicts with any provision of the
Lease, the provisions hereof shall supersede and control, and the Lease shall be deemed modified and amended to conform with the provisions hereof. 
  
 10. Other agreements or modifications: 
  

 37 

 IN WITNESS WHEREOF, Landlord and Tenant have hereunto set their hands and seals, this
         day of                     , 200    .

  

					
	 LANDLORD:

	
	FUND IV AND FUND V ASSOCIATES
		
	 By:
	 	  

	 	 	 Title:
	 	  

		
	 By:
	 	  

	 	 	 Title:
	 	  

	 	 	 	 	(CORPORATE SEAL)
	
	 TENANT:

	
	SYNOVUS FINANCIAL CORP.
		
	 By:
	 	  

	 	 	 Title:
	 	  

		
	 By:
	 	  

	 	 	 Title:
	 	  

	 	 	 	 	(CORPORATE SEAL)

  

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 EXHIBIT “D” 
  
 SPECIAL STIPULATIONS 
  
 D-1. Tenant will be responsible for any and all rent or excise tax assessed against the Premises by the State of Florida or related governmental agency.

  
 D-2. Tenant’s Termination Right. On the last day
of the ninety-fourth (94th) month of the Lease Term, Tenant may, at its option, terminate this Lease by (i) delivering written notice to Landlord of such election at least two-hundred and seventy (270) days prior to such date (the “Termination
Notice”) and (ii) paying to Landlord along with the Termination Notice the amount of equivalent to the last four (4) months of Base Rent and Tenant’s Share of Operating Expenses due under the Lease (the “Termination Payment”). As
a condition of such termination and as of date of termination, Tenant must remove its vault and drive-through ATM kiosk and restore the Premises to the condition it was in as of the Commencement Date, reasonable wear and tear excepted. 

 
 D-3 Option to Renew. So long as this Lease is in full force and
effect and Tenant (a) is occupying and doing business from the Demised Premises at the time the election is exercised; (b) is not in default under this Lease either at the time of the election or at the effective date thereof; and (c) has maintained
a history of payments within the applicable grace period, if any, provided under the Lease, Tenant shall have the option to renew this Lease for three (3) additional terms of five (5) years each (the “First Renewal Term”, the “Second
Renewal Term” and the “Third Renewal Term”). Such option to renew may be exercised by Tenant by giving written notice to Landlord of Landlord’s intention to renew the Lease at least one hundred fifty (150) days prior to the
expiration of the original Lease Term (the “Original Term”) or the First Renewal Term or the Second Renewal Term, as the case may be (the “Renewal Election Date”). During the following sixty days, Tenant will have the exclusive
right to negotiate the terms and conditions of such renewal with Landlord. If Landlord and Tenant agree upon such terms and conditions and if Tenant properly exercises its right to extend the Lease Term for the First Renewal Term, the First Renewal
Term shall commence on the day immediately following the expiration date of the Original Term; and if Tenant properly exercises its right to extend the Lease Term for the Second Renewal Term, the Second Renewal Term shall commence on the day
immediately following the expiration date of the First Renewal Term; and if Tenant properly exercises its right to extend the Lease Term for the Third Renewal Term, the Third Renewal Term shall commence on the day immediately following the
expiration date of the Second Renewal Term. In the event that Tenant shall fail to exercise the applicable option to renew on or before the Renewal Election Date of if Landlord and Tenant fail to agree on the terms and conditions of such renewal,
such applicable option to renew, and any subsequent option to renew, shall be null and void in its entirety. Notwithstanding anything to the contrary in this Lease, the options to renew herein provided are unique and personal to Tenant and shall not
be transferable to any assignee, subtenant or other successor-in-interest to Tenant other than Affiliates to which the Lease has been assigned pursuant to Section 25 of the Lease. 
  
 D-4 Right of First Negotiation. At any time after the end of the second (2nd) Lease Year, but during the Lease Term, as the same may be renewed or extended pursuant to the terms of this Lease, so long as this Lease is in full
force and effect and Tenant: (a) is occupying and doing business from the Premises at the time the election is exercised, (b) is not in default under the Lease either at the time of the election or at the effective date thereof and (c) has
maintained a history of payments within the applicable grace period, if any, provided under the Lease, Tenant 
  

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 shall have a one-time right of first negotiation (“First Negotiation Right”) to lease space on the first and
second floor of the Building and described on Exhibit E attached hereto (the “First Negotiation Space”). Landlord agrees that once the First Negotiation Space becomes available to lease (and any leases and renewal rights of any
existing tenants have expired) and prior to marketing the First Negotiation Space for lease to third parties, Landlord will submit to Tenant a summary of the business and economic terms (including, but not limited to, rental rate, duration, square
footage, etc) which Landlord is willing to accept from Tenant for the lease of the First Negotiation Space (the “Offered Lease”). Tenant must exercise its First Negotiation Right on or before the tenth (10th) business day after
Tenant’s receipt of such notice by sending Landlord a notice stating that Tenant elects to rent the portion of the First Negotiation Space described in the offered Lease (the “First Negotiation Space”) upon the terms and conditions
set forth in this Special Stipulation D-4. To be timely, such notice must be postmarked within the ten (10) day period. 
  
 If Tenant timely exercises the First Negotiation Right, Landlord and Tenant will promptly negotiate and enter into a lease (the “New Lease”) of
the First Negotiation Space upon the terms and conditions of the Offered Lease. If Tenant does not timely exercise the First Negotiation Right, such right shall terminate and shall be no longer of any force or effect. 
  
 D-5. Exclusions to Operating Expenses. The following items will be
excluded from the definition of Operating Expenses as set forth in Section 13 of the Lease: 
  
 (a) Capital expenditures except those capital expenditures (a) made primarily to reduce Operating Expenses, or to comply with any laws or other governmental requirements, or (b) for replacements (as opposed to
additions or new improvements) of non-structural items located in the common areas of the property required to keep such areas in good condition; provided, all such permitted capital expenditures (together with reasonable financing charges) shall be
amortized for purposes of this Lease over the useful life of the item in accordance with generally accepted accounting principles. 
  
 (b) Costs of alteration of the premises of tenants of the Building, depreciation charges, interest and principal payments on mortgages, ground rental
payments, real estate brokerage and leasing commissions, expenses incurred in enforcing obligations of tenants of the Building, salaries and other compensation of executive officers of the managing agent of the Building senior to the Building
manager, costs of any special service provided to any one tenant of the Building but not to tenants of the Building generally, and costs of marketing or advertising the Building. 
  
 (c) In the event the occupancy in the Building during any calendar year of the term is less than 95%, then variable cost
component of Operating Expenses shall be “grossed up” to the amount of Operating Expenses that, using reasonable projections, would normally be expected to be incurred during such year if the Building were 95% occupied; and such
projections shall be consistently applied. Notwithstanding the foregoing, at no time shall Landlord collect Operating Expenses from all tenants in the Building which exceeds the actual operating expenses incurred. 
  

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 D-6. Right to Audit. Provided that Tenant is not then in default beyond any applicable cure period
under this Lease, Tenant shall have the right, once each calendar year, to reasonably review supporting data for the calculation of Operating Expenses, in accordance with the following procedure: 
  
 (a) Tenant shall, within sixty (60) days after the end of the calendar year,
deliver a written notice to Landlord specifying the Operating Expenses that are claimed to be incorrect and requesting the right to audit the data related to the same. In no event shall Tenant be entitled to withhold, deduct, or offset any monetary
obligation of Tenant to Landlord under the Lease pending the completion of and regardless of the results of any audit hereunder. 
  
 (b) Tenant agrees that any review of records shall be at the sole expense of Tenant and shall be conducted by an independent firm of certified public
accountants of national standing (so long as such firm does not conduct such audit on a contingent fee basis) and conducted according to Generally Accepted Accounting Principles. Tenant acknowledges and agrees that any records reviewed constitute
confidential information of Landlord, which shall not be disclosed to anyone other than the accountants performing the review and the principals of Tenant who receive the results of the review. The disclosure of such information to any other person,
whether or not caused by the conduct of Tenant, shall constitute a material breach of this Lease. 
  
 (c) Any errors disclosed by the review shall be promptly corrected by Landlord, provided, however, that if Landlord disagrees with any such claimed
errors, Landlord shall have the right to cause another review to be made by an independent firm of certified public accountants of national standing. In the event of a disagreement between the two accounting firms, the review that discloses the
least amount of deviation shall be deemed to be correct. In the event that the results of the review of records (taking into account, if applicable, the results of any additional review caused by Landlord) reveal that Tenant has overpaid obligations
for a preceding period, the amount of such overpayment shall be credited against Tenant’s subsequent installment obligations to pay Operating Expenses. If it is determined that Tenant overpaid by ten percent or more (10%) of the total charges
of Operating Expenses for the calendar year, Landlord will pay Tenant’s reasonable accounting fees incurred in connection with the audit. In the event that such results show that Tenant has underpaid its obligations for a preceding period,
Tenant shall be liable for Landlord’s reasonable accounting fees, and the amount of such underpayment shall be paid by Tenant to Landlord with the next succeeding installment obligation of Operating Expenses. 
  
 D-7. Exclusive. Tenant shall have the exclusive right to operate a
retail banking facility (including ATMs), within the Building. Such exclusive right shall in no way limit Landlord’s ability to lease space within the Building to tenants within the banking industry for use as general office space only. If
Landlord wishes to lease space to prospective tenants that engage in business activities that would violate Tenant’s exclusive right described herein, Landlord may request Tenant’s consent to the same, which consent will not be
unreasonably withheld if such prospective tenant does not compete with Tenant in providing the day-to-day services described above. 
  
 D-8. Radon. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health
risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county health
department. 
  
 D-9. Default by Landlord. If Landlord fails to
observe or perform any term or condition required to be observed or performed by it under this Lease which failure materially, adversely 
  

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 affects Tenant’s use and occupancy of or access to the Premises, and Landlord does not cure such failure within
thirty (30) days (or within a reasonable time thereafter if necessary under the circumstances so long as Landlord is diligent in its prosecution of the cure of such failure) after receipt of written notice from Tenant specifying such failure and
requesting that it be remedied, then, subject to the provisions of Section 49 of the Lease, Tenant shall be entitled, at its election, to exercise concurrently or successively, any one or more of the rights available in law or in equity under the
laws of the United States or the State of Florida. Notwithstanding the foregoing to the contrary and except as set forth below, Tenant shall have no right, and hereby expressly waives any right to, perform any work on behalf of Landlord or otherwise
exercise “self help” and any right to deduct or withhold any amounts from any rentals due hereunder. Tenant acknowledges and agrees that all of it covenants and obligations, contained herein are independent of Landlord’s covenants and
obligations contained herein. Tenant shall neither be relieved from the performance of its covenants and obligations (including, without limitation, the obligation to pay Rent) nor entitled to terminate this Lease, due to a breach or default by
Landlord of any of its obligations or covenants, unless expressly permitted to the contrary by the terms of this Lease. 
  
 If Landlord defaults in the performance of Landlord’s obligations under the Work Letter and Section 10 of this Lease (the “Landlord Repair
Obligations”), which default continues beyond the notice and cure period set forth in this Section and if Landlord’s default directly, materially and adversely affects Tenant’s use of the Premises or access to the Premises on the
terms and conditions of this Lease, Tenant shall have the right to deliver notice (the “Self-Help Notice”) to Landlord that Tenant intends to perform (“Self Help”) on Landlord’s behalf on the terms and conditions hereinafter
set forth. The Self Help Notice shall specify the specific action required of Landlord under the terms of the Lease and shall specify the steps Tenant intends to take in performing on Landlord’s behalf. If Landlord does not commence the cure
identified in the Self Help Notice (or a reasonable substitute therefor) within fifteen (15) days of Landlord’s receipt of the Self Help Notice, then subject to the following, Tenant shall have the right to proceed to take the Self Help
specifically identified in the Self Help Notice. 
  
 Notwithstanding the foregoing to the contrary, if Landlord believes that the action identified in the Self Help Notice is not required because it is not necessary pursuant to the terms of the Lease, or if Landlord is already taking the
actions Landlord believes appropriate in the circumstances in accordance with its obligations under the Lease, Landlord shall have the option within said fifteen-day period to submit the dispute to arbitration in the City of Jacksonville, State of
Florida, pursuant to the commercial arbitration rules then in effect of the American Arbitration Association (or at any other place, or under any other form of arbitration mutually acceptable to Landlord and Tenant). 
  
 If the action identified in the Self Help Notice is required under the terms
of the Lease to be taken by Landlord and is not taken within such fifteen (15) days period, and Landlord has not submitted the dispute to arbitration as aforesaid, then so long as Tenant delivers to Landlord detailed information setting forth a
particularized breakdown of the costs and expenses incurred in connection with the Self Help taken by Tenant, Tenant shall be entitled to set-off from Base Rent Tenant’s reasonable and necessary, actual out-of-pocket costs and expenses in
effecting such Self Help, but only to the extent consistent with that identified in the Self Help Notice. Landlord shall have the right to dispute any amount so set-off by submitting the dispute to arbitration in the City of Jacksonville, State of
Florida, pursuant to the commercial arbitration rules then in effect of the American Arbitration Association (or at any other place, or under any other form of arbitration mutually acceptable to Landlord and Tenant). 
  

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 In the event Tenant undertakes such Self Help, Tenant shall use only those contractors used by Landlord
in the Building for work on such systems of facilities unless such contractors are unwilling or unable to perform, or timely perform, such work, in which event Tenant may utilitze the services of any other qualified contractor which normally and
regularly performs similar work in other first-class, workmanlike manner and otherwise in accordance with the provisions of Sections 11 and 12 of the Lease and subject to compliance with all other provisions of the Lease, including, without
limitation, Sections 21 and 22 hereof. 
  

 43 

 EXHIBIT “E” 
  
 FIRST NEGOTIATION SPACE 
  
 [ATTACH FLOOR PLAN SHOWING 
 FIRST NEGOTIATION
SPACE BY DIAGONAL LINES] 
  

 44 

 EXHIBIT “F” 
  
 RESERVED PARKING 
  

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