Document:

EX-4.2

 Exhibit 4.2 
  

 
  

SHOCKWAVE MEDICAL, INC. 

AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

December 6, 2018 
  

 
  

 

 TABLE OF CONTENTS 

 
  

							
	 	  	Page	 
	 SECTION 1 DEFINITIONS
	  	 	1	 
			
	 1.1.
	 	Certain Definitions	  	 	1	 
		
	 SECTION 2 REGISTRATION RIGHTS
	  	 	4	 
			
	 2.1.
	 	Requested Registration	  	 	4	 
	 2.2.
	 	Company Registration	  	 	6	 
	 2.3.
	 	Registration on Form S-3	  	 	8	 
	 2.4.
	 	Expenses of Registration	  	 	8	 
	 2.5.
	 	Registration Procedures	  	 	9	 
	 2.6.
	 	Indemnification	  	 	10	 
	 2.7.
	 	Information by Holder	  	 	12	 
	 2.8.
	 	Restrictions on Transfer	  	 	12	 
	 2.9.
	 	Rule 144 Reporting	  	 	14	 
	 2.10.
	 	Market Stand-Off Agreement	  	 	15	 
	 2.11.
	 	Delay of Registration	  	 	15	 
	 2.12.
	 	Transfer or Assignment of Registration Rights	  	 	15	 
	 2.13.
	 	Limitations on Subsequent Registration Rights	  	 	16	 
	 2.14.
	 	Termination of Registration Rights	  	 	16	 
		
	 SECTION 3 COVENANTS OF THE COMPANY
	  	 	16	 
			
	 3.1.
	 	Basic Financial Information and Inspection Rights	  	 	16	 
	 3.2.
	 	Confidentiality	  	 	17	 
	 3.3.
	 	Confidentiality Information and Invention Assignment Agreement	  	 	18	 
	 3.4.
	 	Transactions with Affiliates	  	 	18	 
	 3.5.
	 	Director and Officer Liability Insurance	  	 	18	 
	 3.6.
	 	Vesting of Equity Grants	  	 	18	 
	 3.7.
	 	Most Favored Nation	  	 	18	 
	 3.8.
	 	Publicity	  	 	20	 
	 3.9.
	 	Termination of Covenants	  	 	21	 
		
	 SECTION 4 RIGHT OF FIRST REFUSAL
	  	 	22	 
			
	 4.1.
	 	Right of First Refusal to Significant Holders	  	 	22	 
	 4.2.
	 	Series D Purchase Option	  	 	23	 
		
	 SECTION 5 MISCELLANEOUS
	  	 	24	 
			
	 5.1.
	 	Amendment	  	 	24	 
	 5.2.
	 	Notices	  	 	24	 
	 5.3.
	 	Governing Law	  	 	25	 
	 5.4.
	 	Successors and Assigns    	  	 	25	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	Page	 
	 5.5.
	 	Entire Agreement	  	 	26	 
	 5.6.
	 	Delays or Omissions	  	 	26	 
	 5.7.
	 	Severability	  	 	26	 
	 5.8.
	 	Titles and Subtitles	  	 	26	 
	 5.9.
	 	Counterparts	  	 	26	 
	 5.10.
	 	Telecopy Execution and Delivery	  	 	26	 
	 5.11.
	 	Jurisdiction; Venue	  	 	26	 
	 5.12.
	 	Further Assurances	  	 	27	 
	 5.13.
	 	Termination Upon a Liquidation Event	  	 	27	 
	 5.14.
	 	Conflict	  	 	27	 
	 5.15.
	 	Attorneys’ Fees	  	 	27	 
	 5.16.
	 	Aggregation of Stock	  	 	27	 
	 5.17.
	 	Jury Trial	  	 	27	 

  

  
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 SHOCKWAVE MEDICAL, INC. 

AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

This Amended and Restated Investor Rights Agreement (this “Agreement”) is dated as of December 6, 2018, and is by
and among ShockWave Medical, Inc., a Delaware corporation (the “Company”), and the persons and entities listed on Exhibit A (each, an “Investor” and collectively, the
“Investors”). 
 RECITALS 

Certain of the Investors are parties to the Series D Preferred Stock Purchase Agreement of even date herewith, by and among the Company
and the Investors listed on the Schedule of Investors thereto (the “Purchase Agreement”), and it is a condition to the closing of the sale of the Series D Preferred Stock to the Investors listed on such Schedule of
Investors that such Investors and the Company execute and deliver this Agreement. 
 Certain of the Investors hold shares of the
Company’s Series C Preferred Stock, Series B Preferred Stock, Series A Preferred Stock, Series A-1 Preferred Stock and/or shares of Common Stock issued upon conversion thereof (the
“Existing Investors”) and possess certain registration rights, information rights, rights of first refusal and other rights pursuant to an Amended and Restated Investor Rights Agreement dated as of
November 10, 2016 by and among the Company and such Existing Investors (the “Prior Rights Agreement”). 
 The
Existing Investors desire to terminate the Prior Rights Agreement and further desire that this Agreement supersede and replace the Prior Rights Agreement in its entirety. 

It is a further condition to the closing of the sale of the Series D Preferred Stock pursuant to the Purchase Agreement that the Existing
Investors holding at least 55% of the Common Stock issued or issuable upon conversion of the Company’s Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock and Series C
Preferred Stock execute and deliver this Agreement and agree that this Agreement will supersede and replace the Prior Rights Agreement in its entirety. 

The parties therefore agree as follows: 

SECTION 1 

DEFINITIONS 
 1.1.
Certain Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 
 (a)
“Advisory Investor” means a mutual fund, pension fund, pooled investment vehicle or separate account advised by an Investment Adviser. 

 (b) “Affiliate” has the meaning ascribed to it in Rule 405
promulgated under the Securities Act. For purposes of this definition, Sectoral Asset Management Holding LTD. (“Sectoral”), CY Capital Limited, New Emerging Medical Opportunities Fund II Limited Partnership, New Emerging
Medical Opportunities Fund III Limited Partnership, and Henderson Co. shall be deemed “Affiliates” and RA Capital Healthcare Fund, L.P. and Blackwell Partners LLC - Series A shall be deemed “Affiliates.” 

(c) “Board” shall mean the Company’s Board of Directors. 

(d) “Certificate of Incorporation” shall mean the Company’s current Amended and Restated Certificate of
Incorporation. 
 (e) “Closing” shall mean the date of the initial sale of shares of the Company’s Series D
Preferred Stock pursuant to the Purchase Agreement. 
 (f) “Commission” shall mean the Securities and Exchange
Commission or any other federal agency at the time administering the Securities Act. 
 (g) “Common Stock” means the
Common Stock of the Company. 
 (h) “Conversion Stock” shall mean shares of Common Stock issued upon conversion of
the Preferred Stock. 
 (i) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any similar
successor federal statute and the rules and regulations thereunder, all as the same shall be in effect from time to time. 
 (j)
“Holder” shall mean any Investor who holds Registrable Securities and any holder of Registrable Securities to whom the registration rights conferred by this Agreement have been duly and validly transferred in accordance with
Section 2.12 of this Agreement. 
 (k) “Indemnified Party” shall have the meaning set forth in
Section 2.6(c). 
 (l) “Indemnifying Party” shall have the meaning set forth in Section 2.6(c). 

(m) “Initial Public Offering” shall mean the closing of the Company’s first firm commitment underwritten public
offering of the Company’s Common Stock registered under the Securities Act. 
 (n) “Initiating Holders” shall
mean any Holder or Holders who in the aggregate hold not less than forty percent (40%) of the outstanding Registrable Securities. 
 (o)
“Investment Adviser” means an investment advisor registered under the Investment Adviser’s Act of 1940, as amended. 

(p) “Investors” shall have the meaning ascribed to it in the introductory paragraph of this Agreement. 

(q) “Liquidation Event” shall have the meaning ascribed to it in the Certificate of Incorporation. 

  
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 (r) “New Securities” shall have the meaning set forth in
Section 4.1(i). 
 (s) “Preferred Stock” shall mean shares of the Company’s Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock. 

(t) “Prior Rights Agreement” shall have the meaning set forth in the Recitals. 

(u) “Purchase Agreement” shall have the meaning set forth in the Recitals. 

(v) “Registrable Securities” shall mean (i) shares of Common Stock issued or issuable pursuant to the conversion
of the Shares and (ii) any Common Stock issued as a dividend or other distribution with respect to or in exchange for or in replacement of the shares referenced in (i) above; provided, however, that Registrable Securities
shall not include any shares of Common Stock described in clause (i) or (ii) above which have previously been registered or which have been sold to the public either pursuant to a registration statement or Rule 144, or which have been sold
in a private transaction in which the transferor’s rights under this Agreement are not validly assigned in accordance with this Agreement. 

(w) The terms “register,” “registered” and “registration” shall refer
to a registration effected by preparing and filing a registration statement in compliance with the Securities Act and applicable rules and regulations thereunder, and the declaration or ordering of the effectiveness of such registration statement.

 (x) “Registration Expenses” shall mean all expenses incurred in effecting any registration pursuant to this
Agreement, including, without limitation, all registration, qualification, and filing fees, printing expenses, escrow fees, fees and disbursements of counsel for the Company and reasonable fees of one special counsel for the Holders (not to exceed
$35,000), blue sky fees and expenses, and expenses of any regular or special audits incident to or required by any such registration, but shall not include Selling Expenses, fees and disbursements of counsel for the Holders and the compensation of
regular employees of the Company, which shall be paid in any event by the Company. 
 (y) “Restricted Securities”
shall mean any Registrable Securities required to bear the first legend set forth in Section 2.8(c). 
 (z)
“Rule 144” shall mean Rule 144 as promulgated by the Commission under the Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be
promulgated by the Commission. 
 (aa) “Rule 145” shall mean Rule 145 as
promulgated by the Commission under the Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission 

(bb) “Rule 415” shall mean Rule 415 as promulgated by the Commission under the
Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission. 

  
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 (cc) “Securities Act” shall mean the Securities Act of 1933, as
amended, or any similar successor federal statute and the rules and regulations thereunder, all as the same shall be in effect from time to time. 

(dd) “Selling Expenses” shall mean all underwriting discounts, selling commissions and stock transfer taxes applicable
to the sale of Registrable Securities and fees and disbursements of counsel for any Holder other than the fees and disbursements of one special counsel for the Holders, which shall be a Registration Expense. 

(ee) “Shares” shall mean shares of the Preferred Stock. 

(ff) “Significant Holders” shall have the meaning set forth in Section 3.1. 

(gg) “Withdrawn Registration” shall mean a forfeited demand registration under Section 2.1 in accordance with the
terms and conditions of Section 2.4. 
 SECTION 2 

REGISTRATION RIGHTS 

2.1. Requested Registration. 

(a) Request for Registration. Subject to the conditions set forth in this Section 2.1, if the Company shall receive
from Initiating Holders a written request signed by such Initiating Holders that the Company effect any registration with respect to all or a part of the Registrable Securities (such request shall state the number of shares of Registrable Securities
to be disposed of by such Initiating Holders), the Company will: 
 (i) promptly give written notice of the proposed registration to all
other Holders; and 
 (ii) as soon as practicable, file and use its commercially reasonable efforts to effect such registration (including,
without limitation, filing post-effective amendments, appropriate qualifications under applicable blue sky or other state securities laws, and appropriate compliance with the Securities Act) and to permit or facilitate the sale and distribution of
all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request received by
the Company within twenty (20) days after such written notice from the Company is mailed or delivered. 
 (b) Limitations on
Requested Registration. The Company shall not be obligated to effect, or to take any action to effect, any such registration pursuant to this Section 2.1: 

(i) Prior to the earlier of (A) the three (3) year anniversary of the Closing or (B) one hundred eighty (180) days
following the effective date of the first registration statement filed by the Company covering an underwritten offering of any of its securities to the general public; 

  
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 (ii) If the Initiating Holders, together with the holders of any other securities of the
Company entitled to inclusion in such registration statement, propose to sell Registrable Securities and such other securities (if any) the aggregate proceeds of which (after deduction for underwriter’s discounts and expenses related to the
issuance) are less than $10,000,000; 
 (iii) In any particular jurisdiction in which the Company would be required to execute a general
consent to service of process in effecting such registration, qualification, or compliance, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 

(iv) After the Company has initiated two such registrations pursuant to this Section 2.1; 

(v) During the period starting with the date sixty (60) days prior to the Company’s good faith estimate of the date of filing of,
and ending on a date one hundred eighty (180) days after the effective date of, a Company-initiated registration; provided that the Company is actively employing in good faith commercially reasonable efforts to cause such registration
statement to become effective; or 
 (vi) If the Initiating Holders propose to dispose of shares of Registrable Securities that may be
registered on Form S-3 pursuant to a request made under Section 2.3; 
 (vii) If the Initiating
Holders do not request that such offering be firmly underwritten by underwriters selected by the Initiating Holders (subject to the consent of the Company); or 

(viii) If the Company and the Initiating Holders are unable to obtain the commitment of the underwriter described in clause (b)(vii) above to
firmly underwrite the offer. 
 (c) Deferral. If (i) in the good faith judgment of the Board, the filing of a
registration statement covering the Registrable Securities would be detrimental to the Company and the Board concludes, as a result, that it is in the best interests of the Company to defer the filing of such registration statement at such time, and
(ii) the Company shall furnish to such Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board, it would be detrimental to the Company for such registration statement to be filed in the
near future and that it is, therefore, in the best interests of the Company to defer the filing of such registration statement, then (in addition to the limitations set forth in Section 2.1(b)(v) above) the Company shall have the right to defer
such filing for a period of not more than one hundred eighty (180) days after receipt of the request of the Initiating Holders, and, provided further, that the Company shall not defer its obligation in this manner more than twice in any 24-month period. 

  
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 (d) Underwriting. If the Initiating Holders intend to distribute the
Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to this Section 2.1 and the Company shall include such information in the written notice
given pursuant to Section 2.1(a)(i). In such event, the right of any Holder to include all or any portion of its Registrable Securities in such registration pursuant to this Section 2.1 shall be conditioned upon such Holder’s
participation in such underwriting and the inclusion of such Holder’s Registrable Securities to the extent provided herein. If the Company shall request inclusion in any registration pursuant to Section 2.1 of securities being sold for its
own account, or if other persons shall request inclusion in any registration pursuant to Section 2.1, the Initiating Holders shall, on behalf of all Holders, offer to include such securities in the underwriting and such offer shall be
conditioned upon the participation of the Company or such other persons in such underwriting and the inclusion of the Company’s and such person’s other securities of the Company and their acceptance of the further applicable provisions of
this Section 2 (including Section 2.10). The Company shall (together with all Holders and other persons proposing to distribute their securities through such underwriting) enter into an underwriting agreement in customary form with the
representative of the underwriter or underwriters selected for such underwriting by a majority-in-interest of the Initiating Holders, which underwriters are reasonably
acceptable to the Company. 
 Notwithstanding any other provision of this Section 2.1, if the underwriters advise the Initiating
Holders in writing that marketing factors require a limitation on the number of shares to be underwritten, the number of Registrable Securities and other shares that may be so included shall be allocated as follows: (i) first, among all Holders
requesting to include Registrable Securities in such registration statement based on the pro rata percentage of Registrable Securities held by such Holders, assuming conversion; (ii) second, to any other selling stockholders; and
(iii) third, to the Company, which the Company may allocate, at its discretion, for its own account, or for the account of other holders or employees of the Company. 

If a person who has requested inclusion in such registration as provided above does not agree to the terms of any such underwriting, such
person shall be excluded therefrom by written notice from the Company, the underwriter or the Initiating Holders. The securities so excluded shall also be withdrawn from registration. Any Registrable Securities or other securities excluded or
withdrawn from such underwriting shall also be withdrawn from such registration. If shares are so withdrawn from the registration and if the number of shares to be included in such registration was previously reduced as a result of marketing factors
pursuant to this Section 2.1(d), then the Company shall then offer to all Holders who have retained rights to include securities in the registration the right to include additional Registrable Securities in the registration in an aggregate
amount equal to the number of shares so withdrawn, with such shares to be allocated among such Holders requesting additional inclusion, as set forth above. 

2.2. Company Registration. 

(a) Company Registration. If the Company shall determine to register any of its securities either for its own account or
the account of a security holder or holders, other than a registration pursuant to Section 2.1 or 2.3, a registration relating solely to employee benefit plans, a registration relating to the offer and sale of debt securities, a registration
relating to a corporate reorganization or other Rule 145 transaction, or a registration on any registration form that does not permit secondary sales, the Company will: 

  
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 (i) promptly give written notice of the proposed registration to all Holders; and 

(ii) use its commercially reasonable efforts to include in such registration (and any related qualification under blue sky laws or other
compliance), except as set forth in Section 2.2(b) below, and in any underwriting involved therein, all of such Registrable Securities as are specified in a written request or requests made by any Holder or Holders received by the Company
within ten (10) days after such written notice from the Company is mailed or delivered. Such written request may specify all or a part of a Holder’s Registrable Securities. 

(b) Underwriting. If the registration of which the Company gives notice is for a registered public offering involving an
underwriting, the Company shall so advise the Holders as a part of the written notice given pursuant to Section 2.2(a)(i). In such event, the right of any Holder to registration pursuant to this Section 2.2 shall be conditioned upon such
Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall
(together with the Company and other holders of securities of the Company with registration rights to participate therein distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the
representative of the underwriter or underwriters selected by the Company. 
 Notwithstanding any other provision of this Section 2.2,
if the underwriters advise the Company in writing that marketing factors require a limitation on the number of shares to be underwritten, the underwriters may (subject to the limitations set forth below) exclude all Registrable Securities from, or
limit the number of Registrable Securities to be included in, the registration and underwriting. The Company shall so advise all holders of securities requesting registration, and the number of shares of securities that are entitled to be included
in the registration and underwriting shall be allocated, as follows: (i) first, to the Company for securities being sold for its own account, (ii) second, to the Holders requesting to include Registrable Securities in such registration
statement based on the pro rata percentage of Registrable Securities held by such Holders, assuming conversion and (iii) third, to the other stockholders requesting to include other shares in such registration statement based on the
pro rata percentage of other shares held by such other selling stockholders, assuming conversion. Notwithstanding the forgoing, no such reduction shall reduce the value of the Registrable Securities of the Holders included in such
registration below seventy percent (70%) of the total value of the securities included in such registration, unless such offering is the Company’s Initial Public Offering and such registration does not include shares of any other selling
stockholders (excluding shares registered for the account of the Company), in which event any or all of the Registrable Securities of the Holders may be excluded. 

If a person who has requested inclusion in such registration as provided above does not agree to the terms of any such underwriting, such
person shall also be excluded therefrom by written notice from the Company or the underwriter. The Registrable Securities or other securities so excluded shall also be withdrawn from such registration. Any Registrable Securities or other securities
excluded or withdrawn from such underwriting shall be withdrawn from such registration. 

  
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 (c) Right to Terminate Registration. The Company shall have the right
to terminate or withdraw any registration initiated by it under this Section 2.2 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. 

2.3. Registration on Form S-3.

(a) Request for Form S-3 Registration. After its initial public offering,
the Company shall use its commercially reasonable efforts to qualify for registration on Form S-3 or any comparable or successor form or forms. After the Company has qualified for the use of Form S-3, in addition to the rights contained in the foregoing provisions of this Section 2 and subject to the conditions set forth in this Section 2.3, if the Company shall receive from a Holder or Holders of
Registrable Securities a written request that the Company effect any registration on Form S-3 or any similar short form registration statement with respect to all or part of the Registrable Securities (such
request shall state the number of shares of Registrable Securities to be disposed of and the intended methods of disposition of such shares by such Holder or Holders), the Company will take all such action with respect to such Registrable Securities
as required by Section 2.1(a)(i) and 2.1(a)(ii). 
 (b) Limitations on Form
S-3 Registration. The Company shall not be obligated to effect, or take any action to effect, any such registration pursuant to this Section 2.3: 

(i) In the circumstances described in either Sections 2.1(b)(i), 2.1(b)(iii) or 2.1(b)(v); 

(ii) If the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to
sell Registrable Securities and such other securities (if any) on Form S-3 at an aggregate price to the public of less than $2,000,000; or 

(iii) If, in the twelve-month period immediately preceding the written request for such registration, the Company has effected two
(2) such registrations in such period. 
 (c) Deferral. The provisions of Section 2.1(c) shall apply to any
registration pursuant to this Section 2.3. 
 (d) Underwriting. If the Holders of Registrable Securities requesting
registration under this Section 2.3 intend to distribute the Registrable Securities covered by their request by means of an underwriting, the provisions of Section 2.1(d) shall apply to such registration. Notwithstanding anything contained
herein to the contrary, registrations effected pursuant to this Section 2.3 shall not be counted as requests for registration or registrations effected pursuant to Section 2.1. 

2.4. Expenses of Registration. All Registration Expenses incurred in connection with registrations pursuant to Sections 2.1,
2.2 and 2.3 shall be borne by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Sections 2.1 and 2.3 if the registration request is
subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be 

  
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registered or because a sufficient number of Holders shall have withdrawn so that the minimum offering conditions set forth in Sections 2.1 and 2.3 are no longer satisfied (in which case all
participating Holders shall bear such expenses pro rata among each other based on the number of Registrable Securities requested to be so registered), unless the Holders of a majority of the Registrable Securities agree to forfeit their right
to a demand registration pursuant to Section 2.1; provided, further, in the event that a withdrawal by the Holders is based upon material adverse information relating to the Company that is different from the information known or
available (upon request from the Company or otherwise) to the Holders requesting registration at the time of their request for registration under Section 2.1, such registration shall not be treated as a counted registration for purposes of
Section 2.1, even though the Holders do not bear the Registration Expenses for such registration. All Selling Expenses relating to securities registered on behalf of the Holders shall be borne by the holders of securities included in such
registration pro rata among each other on the basis of the number of Registrable Securities so registered. 
 2.5.
Registration Procedures. In the case of each registration effected by the Company pursuant to Section 2, the Company will keep each Holder advised in writing as to the initiation of each registration and as to the completion
thereof. At its expense, the Company will use its commercially reasonable efforts to: 
 (a) Keep such registration effective for a period of
ending on the earlier of the date which is sixty (60) days from the effective date of the registration statement or such time as the Holder or Holders have completed the distribution described in the registration statement relating thereto;

 (b) Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in
connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement for the period set forth in
subsection (a) above; 
 (c) Furnish such number of prospectuses, including any preliminary prospectuses, and other documents incident
thereto, including any amendment of or supplement to the prospectus, as a Holder from time to time may reasonably request; 
 (d) Use its
reasonable best efforts to register and qualify the securities covered by such registration statement under such other securities or Blue Sky laws of such jurisdiction as shall be reasonably requested by the Holders; provided, that the
Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions unless the Company is already subject to service in such
jurisdiction and except as may be required by the Securities Act; 
 (e) Notify each seller of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein 

  
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not misleading or incomplete in light of the circumstances then existing, and following such notification promptly prepare and furnish to such seller a reasonable number of copies of a supplement
to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading or incomplete in light of the circumstances then existing; 
 (f)
Provide a transfer agent and registrar for all Registrable Securities registered pursuant to such registration statement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration;

 (g) Cause all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar
securities issued by the Company are then listed; and 
 (h) In connection with any underwritten offering pursuant to a registration
statement filed pursuant to Section 2.1, enter into an underwriting agreement in form reasonably necessary to effect the offer and sale of Common Stock, provided such underwriting agreement contains reasonable and customary provisions, and
provided further, that each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 

2.6. Indemnification.
 (a)
To the extent permitted by law, the Company will indemnify and hold harmless each Holder, each of its officers, directors and partners, legal counsel and accountants and each person controlling such Holder within the meaning of Section 15 of
the Securities Act, with respect to which registration, qualification or compliance has been effected pursuant to this Section 2, and each underwriter, if any, and each person who controls within the meaning of Section 15 of the Securities
Act any underwriter, against all expenses, claims, losses, damages and liabilities (or actions, proceedings or settlements in respect thereof) arising out of or based on: (i) any untrue statement (or alleged untrue statement) of a material fact
contained or incorporated by reference in any prospectus, offering circular or other document (including any related registration statement, notification or the like) incident to any such registration, qualification or compliance, (ii) any
omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or (iii) any violation (or alleged violation) by the Company of the Securities Act, any
state securities laws or any rule or regulation thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any offering covered by such registration, qualification or compliance, and the
Company will reimburse each such Holder, each of its officers, directors, partners, legal counsel and accountants and each person controlling such Holder, each such underwriter and each person who controls any such underwriter, for any legal and any
other expenses reasonably incurred in connection with investigating and defending or settling any such claim, loss, damage, liability or action; provided that the Company will not be liable in any such case to the extent that any such claim,
loss, damage, liability, or action arises out of or is based on any untrue statement or omission based upon written information 

  
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furnished to the Company by such Holder, any of such Holder’s officers, directors, partners, legal counsel or accountants, any person controlling such Holder, such underwriter or any person
who controls any such underwriter, and stated to be specifically for use therein; and provided, further that, the indemnity agreement contained in this Section 2.6(a) shall not apply to amounts paid in settlement of any such loss,
claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld). 

(b) To the extent permitted by law, each Holder will, if Registrable Securities held by such Holder are included in the securities as to which
such registration, qualification or compliance is being effected, indemnify and hold harmless the Company, each of its directors, officers, partners, legal counsel and accountants and each underwriter, if any, of the Company’s securities
covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15 of the Securities Act, each other such Holder, and each of their officers, directors and partners, and each
person controlling each other such Holder, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on: (i) any untrue statement (or alleged untrue statement) of a material fact contained or
incorporated by reference in any prospectus, offering circular or other document (including any related registration statement, notification, or the like) incident to any such registration, qualification or compliance, or (ii) any omission (or
alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company and such Holders, directors, officers, partners, legal counsel and
accountants, persons, underwriters, or control persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action, in each case to the extent, but only to
the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular or other document in reliance upon and in conformity with written
information furnished to the Company by such Holder and stated to be specifically for use therein; provided, however, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such claims,
losses, damages or liabilities (or actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); and provided that in no event shall any indemnity under this
Section 2.6 plus any amounts payable under 2.6(d) collectively exceed the net proceeds from the offering received by such Holder, except in the case of fraud or willful misconduct by such Holder. 

(c) Each party entitled to indemnification under this Section 2.6 (the “Indemnified Party”)
shall give written notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought, and shall permit the Indemnifying Party to assume the defense of such claim or any litigation resulting therefrom; provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or any litigation
resulting therefrom, shall be approved by the Indemnified Party (whose approval shall not be unreasonably withheld), and the Indemnified Party may participate in such defense at such party’s expense; and provided further that the
failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 2.6, to the extent such failure is not prejudicial. No Indemnifying Party, in the defense of any
such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of 

  
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any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability
in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as an Indemnifying Party may reasonably request in writing and as shall be reasonably required in connection with
defense of such claim and litigation resulting therefrom. 
 (d) If the indemnification provided for in this Section 2.6 is held by a
court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any loss, liability, claim, damage, or expense referred to herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall
contribute to the amount paid or payable by such Indemnified Party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the
Indemnified Party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage, or expense as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and
of the Indemnified Party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the Indemnifying Party or
by the Indemnified Party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. In no event shall any indemnity under Section 2.6 plus any amounts payable by
any person or entity under this Section 2.6(d) collectively exceed the net proceeds from the offering received by such person or entity, except in the case of fraud or willful misconduct by such person or entity. No person or entity guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation. 

(e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

2.7. Information by Holder. Each Holder of Registrable Securities shall furnish to the Company such information regarding
such Holder and the distribution proposed by such Holder as the Company may reasonably request in writing and as shall be reasonably required in connection with any registration, qualification, or compliance referred to in this Section 2. 

2.8. Restrictions on Transfer. 

(a) The holder of each certificate representing Registrable Securities by acceptance thereof agrees to comply in all respects with the
provisions of this Section 2.8. Each Holder agrees not to make any sale, assignment, transfer, pledge or other disposition of all or any portion of the Restricted Securities, or any beneficial interest therein, unless and until the transferee
thereof has agreed in writing for the benefit of the Company to take and hold such Restricted Securities subject to, and to be bound by, the terms and conditions set forth in this Agreement, including, without limitation, this Section 2.8 and
Section 2.10, except for transfers permitted under Section 2.8(b), and: 

  
 -12- 

 (i) There is then in effect a registration statement under the Securities Act covering such
proposed disposition and the disposition is made in accordance with the registration statement; or 
 (ii) The Holder shall have given prior
written notice to the Company of the Holder’s intention to make such disposition and shall have furnished the Company with a detailed description of the manner and circumstances of the proposed disposition, and the Holder shall have furnished
the Company, at the Holder’s expense, with (A) an opinion of counsel reasonably satisfactory to the Company to the effect that such disposition will not require registration of such Restricted Securities under the Securities Act; or
(B) any other evidence reasonably satisfactory to counsel to the Company to the effect that the proposed sale, pledge, or transfer of the Restricted Securities may be effected without registration under the Securities Act, whereupon the holder
of such Restricted Securities shall be entitled to transfer such Restricted Securities in accordance with the terms of the notice delivered by the Holder to the Company. It is agreed that the Company will not require opinions of counsel for
transactions made pursuant to Rule 144 except in unusual circumstances. 
 (b) Notwithstanding the provisions of Section 2.8(a), no
such registration statement or opinion of counsel shall be necessary for (i) a transfer not involving a change in beneficial ownership, or (ii) transactions involving the distribution without consideration of Restricted Securities by any
Holder to (w) a parent, subsidiary or other Affiliate of the Holder, if the Holder is a corporation, Sectoral, or an Affiliate of Sectoral, (x) any of the Holder’s partners, members or other equity owners, or retired partners, retired
members or other equity owners, or to the estate of any of the Holder’s partners, members or other equity owners or retired partners, retired members or other equity owners, or (y) a venture capital fund that is controlled by or under
common control with one or more general partners or managing members of, or shares the same management company with, the Holder, or (z) an Advisory Investor to another Advisory Investor; provided, in each case, that the Holder shall give
written notice to the Company of the Holder’s intention to effect such disposition and shall have furnished the Company with a detailed description of the manner and circumstances of the proposed disposition; provided, further,
that the restrictions on the transfer or assignment of registration rights pursuant to Section 2.12 shall not apply to transfers made pursuant to this Section 2.8(b). 

(c) Each certificate representing Registrable Securities shall (unless otherwise permitted by the provisions of this Agreement) be stamped or
otherwise imprinted with a legend substantially similar to the following (in addition to any legend required under applicable state securities laws): 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER
THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR AN EXEMPTION
THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF 

  
 -13- 

 
COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS. 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO (1) RESTRICTIONS ON TRANSFERABILITY AND RESALE, INCLUDING A LOCK-UP PERIOD IN THE EVENT OF A PUBLIC OFFERING, AS SET FORTH IN AN INVESTOR RIGHTS AGREEMENT, AND (2) VOTING RESTRICTIONS AS SET FORTH IN A VOTING AGREEMENT AMONG THE COMPANY AND THE ORIGINAL HOLDERS OF THESE
SHARES, COPIES OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY. 
 The Holders consent to the Company making a notation on
its records and giving instructions to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer established in this Section 2.8. 

(d) The first legend referring to federal and state securities laws identified in Section 2.8(c) stamped on a certificate evidencing the
Restricted Securities and the stock transfer instructions and record notations with respect to the Restricted Securities shall be removed and the Company shall issue a certificate without such legend to the holder of Restricted Securities if
(i) those securities are registered under the Securities Act, or (ii) the holder provides the Company with an opinion of counsel reasonably acceptable to the Company to the effect that a sale or transfer of those securities may be made
without registration or qualification. 
 2.9. Rule 144 Reporting. With a view to making available the
benefits of certain rules and regulations of the Commission that may permit the sale of the Restricted Securities to the public without registration, the Company agrees to use its commercially reasonable efforts to: 

(a) Make and keep adequate current public information with respect to the Company available in accordance with Rule 144 under the
Securities Act, at all times from and after ninety (90) days following the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to the general public; 

(b) File with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act at any time after it has become subject to such reporting requirements; and 
 (c) So long as a Holder owns any Restricted
Securities, furnish to the Holder forthwith upon written request a written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time from and after ninety (90) days following the effective date
of the first registration statement filed by the Company for an offering of its securities to the general public), and of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), a copy of the
most recent annual or quarterly report of the Company, and such other reports and documents so filed as a Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing a Holder to sell any such securities
without registration. 

  
 -14- 

 2.10. Market Stand-Off
Agreement. Each Holder shall not sell or otherwise transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, of any Common Stock (or
other securities) of the Company held by such Holder during the period from the date of the final prospectus relating to the registration statement for the Company’s Initial Public Offering filed under the Securities Act that includes
securities to be sold on behalf of the Company to the public in an underwritten public offering under the Securities Act through the end of the 180-day period following the effective date of the registration
statement, (a) provided that: all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities are bound by and have entered into similar agreements; (b) provided
further that: for the sake of clarity, such agreement shall be applicable only to any Common Stock (or other securities) of the Company, which were acquired by such Holder any time prior to the effective date of the registration statement for
the Company’s initial public offering, and only to the first such registration statement of the Company which covers securities to be sold on its behalf to the public in an underwritten offering but not to Common Stock (or other securities)
sold pursuant to such registration statement; provided, however: that such agreement may be applicable to Common Stock (or other securities) sold to Affiliates of the Company. The obligations described in this Section 2.10 shall not
apply to a registration relating solely to employee benefit plans on Form S-l or Form S-8 or similar forms that may be promulgated in the future, or a registration
relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions and may stamp each such certificate with the second legend
set forth in Section 2.8(c) with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of such one hundred eighty (180) day period. Each Holder agrees to execute a market standoff
agreement with said underwriters in customary form consistent with the provisions of this Section 2.10. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply
pro rata to all Holders subject to such agreements, based on the number of shares subject to such agreements. 
 2.11.
Delay of Registration. No Holder shall have any right to take any action to restrain, enjoin, or otherwise delay any registration as the result of any controversy that might arise with respect to the interpretation or implementation of
this Section 2. 
 2.12. Transfer or Assignment of Registration Rights. Other than in connection with transfers
pursuant to Section 2.8(b), the rights to cause the Company to register securities granted to a Holder by the Company under this Section 2 may be transferred or assigned by a Holder only to a transferee or assignee of not less than half of
the shares of Registrable Securities of the original Investor’s Registrable Securities (or all of such transferring Holder’s shares if less than such original Investor’s Registrable Securities); provided that such transferee is
a (x) spouse, ex-spouse, domestic partner, lineal descendant or antecedent, brother or sister, adopted child or adopted grandchild of the transferring Stockholder, or the spouse or domestic partner of any
child, adopted child, grandchild or adopted grandchild of the transferring stockholder (each, a “Family Member”), or any trust or trusts for the exclusive benefit of the transferring stockholder or one or more Family Members
of the transferring Holder; (y) subsidiary, parent, general 

  
 -15- 

 
partner, limited partner, retired partner, member or retired member, stockholder or affiliate of the transferring Holder, including but not limited to any limited partnership the general partner
of which is an affiliate of the transferring Holder; or (z) direct or indirect beneficial owner of the transferring Holder or of the transferring Holder’s affiliate, and any trust or trust for the exclusive benefit of one or more Family
Members of such direct or indirect beneficial owner; provided that in each such case (i) such transfer or assignment of Registrable Securities is effected in accordance with the terms of this Agreement, the Right of First Refusal Agreement and Co-Sale Agreement (as defined in the Purchase Agreement), if applicable, and applicable securities laws, (ii) the Company is given written notice prior to said transfer or assignment, stating the name and
address of the transferee or assignee and identifying the securities with respect to which such registration rights are intended to be transferred or assigned and (iii) the transferee or assignee of such rights assumes in writing the
obligations of such Holder under this Agreement, including without limitation the obligations set forth herein. 
 2.13.
Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent of Holders holding at least sixty percent (60%) of the then outstanding Registrable
Securities (excluding any of such shares held by any Holders whose rights to request registration or inclusion in any registration pursuant to this Section 2 have terminated in accordance with Section 2.14), enter into any agreement with
any holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration rights the terms of which are pari passu with or senior to the registration rights granted to the Holders hereunder.

 2.14. Termination of Registration Rights. The right of any Holder to request registration or inclusion in any
registration pursuant to Sections 2.1, 2.2 or 2.3 shall terminate on the earliest of (i) such date, on or after the closing of the Company’s first registered public offering of Common Stock, on which all shares of Registrable
Securities held or entitled to be held upon conversion by such Holder may immediately be sold under Rule 144 during any ninety (90) day period, (ii) five (5) years after the closing of the Company’s Initial Public Offering,
(iii) upon the occurrence of a Liquidation Event, and (iv) the date that no Registrable Securities remain outstanding that have not previously been sold to the public pursuant to a registration or in reliance on Rule 144 and therefore no
longer bear restrictive legends. 
 SECTION 3 

COVENANTS OF THE COMPANY 

The Company hereby covenants and agrees, as follows: 

3.1. Basic Financial Information and Inspection Rights. 

(a) Basic Financial Information. The Company will furnish the following reports to each Holder who, individually or
collectively with such Holder’s Affiliates, owns at least 3,400,000 shares of Preferred Stock and/or Conversion Shares issued pursuant to the conversion of such shares of Preferred Stock (as presently constituted and subject to subsequent
adjustments for stock splits, stock dividends, reverse stock splits, and the like) (each a “Significant Holder”, and together the “Significant Holders”): 

  
 -16- 

 (i) At least thirty (30) days prior to the beginning of each fiscal year, an annual
budget for such fiscal year, which shall be approved by the Board. 
 (ii) As soon as practicable after the end of each fiscal year of the
Company, and in any event within one hundred twenty (120) days after the end of each fiscal year of the Company, or such later date as may be approved by the Board of Directors, including the affirmative vote of at least two of the Preferred
Directors (as defined in the Certificate of Incorporation), an audited consolidated balance sheet of the Company and its subsidiaries, if any, as at the end of such fiscal year, and audited consolidated statements of income and cash flows of the
Company and its subsidiaries, if any, for such year, prepared in accordance with U.S. generally accepted accounting principles consistently applied, certified by independent public accountants of recognized national standing selected by the Board.

 (iii) As soon as practicable after the end of each month, and in any event within thirty (30) days after the end of each month in
each fiscal year of the Company, (A) an unaudited consolidated balance sheet of the Company and its subsidiaries, if any, as of the end of each such monthly period, and unaudited consolidated statements of income and cash flows of the Company
and its subsidiaries, if any, for such period, prepared in accordance with U.S. generally accepted accounting principles consistently applied, subject to changes resulting from normal year-end audit
adjustments, certified by the Chief Financial Officer of the Company, and (B) a current fully diluted capitalization table. 
 (b)
Inspection Rights. The Company will afford to each Significant Holder and such Significant Holder’s accountants and counsel, reasonable access during normal business hours to all of the Company’s and any subsidiaries’,
if applicable, respective properties, books and records. Each such Significant Holder shall have such other access to management and information as is necessary for it to comply with applicable laws and regulations and reporting obligations. The
Company shall not be required to disclose details of contracts with or work performed for specific customers and other business partners where to do so would violate confidentiality obligations to those parties. Furthermore, the Company shall not be
obligated under this Section 3.1(b) with respect to a competitor of the Company or with respect to information which the Board determines in good faith that such information withholding is required (a) to preserve the attorney-client
privilege between the Company and its legal counsel, (b) to protect disclosure of trade secrets under circumstances that might jeopardize the Company’s ability to claim or take advantage of any trade secret protection law or other similar
protection, (c) to avoid disclosure of competitively sensitive information to a competitor of the Company, and (d) to avoid a violation of any law or the fiduciary duties of the Board. Significant Holders may exercise their rights under
this Section 3.1(b) only for purposes reasonably related to their interests under this Agreement and related agreements. 
 3.2.
Confidentiality. Anything in this Agreement to the contrary notwithstanding, no Holder by reason of this Agreement shall have access to any trade secrets or classified information of the Company. Each Holder acknowledges that the
information received by them pursuant to this Agreement may be confidential and for its use only, and it will not use such confidential information in violation of the Exchange Act or reproduce, disclose or disseminate such information to any other
person (other than its employees or agents having a need to know the contents of such information, and its attorneys), except in connection with the exercise of 

  
 -17- 

 
rights under this Agreement, unless the Company has made such information available to the public generally or such Holder is required to disclose such information by a governmental authority.
Notwithstanding anything to the contrary contained in the foregoing, each Advisory Investor shall be permitted to (a) share all confidential information with its Investment Advisor and (b) include such information regarding the Company or
its investment therein as it deems necessary in connection with its reporting requirements. 
 3.3. Confidentiality Information
and Invention Assignment Agreement. Unless otherwise determined by the Board of Directors, including the affirmative vote of at least two of the Preferred Directors, each current and former officer, employee and consultant of the Company
shall enter into a confidential information and invention assignment agreement providing for the assignment to the Company of all confidential information and intellectual property related to the Company’s business. 

3.4. Transactions with Affiliates. Any transaction with an Affiliate of the Company will require the approval of at least a
majority of the directors that are disinterested with respect to such transaction. 
 3.5. Director and Officer Liability
Insurance. The Company shall maintain directors and officers liability insurance with coverage limits in the amount of at least $1 million at all times, unless otherwise approved by the Board of Directors, including the affirmative
vote of at least two of the Preferred Directors. 
 3.6. Vesting of Equity Grants. Except with the consent of a majority
of the Board, including the affirmative vote of at least one of the Preferred Directors, equity grants issued to officers, directors and employees of, or consultants to, the Company after the Closing pursuant to stock grants, option plans, purchase
plans or other employee stock incentive programs or arrangements will be subject to vesting as follows: 25% to vest at the end of the first year following such issuance, with the remaining 75% to vest monthly over the next three (3) years. 

3.7. Most Favored Nation.

(a) Series D Dividends. In the event that at any time the Company issues shares of a new series of preferred stock with
cumulative dividends, the Series D Preferred Stock shall be entitled to receive cumulative dividends that accrue from the original issuance date of such shares of Series D Preferred Stock; provided, however, that Company shall have no
obligation to pay such dividends, except when, as and if declared by the Board out of any assets at the time legally available therefor or as otherwise specifically provided in the Certificate of Incorporation, including, but not limited to a
Liquidation Event. 
 (b) Series D Liquidation Preference. In the event that at any time the Company issues shares of a
new series of preferred stock with a participating liquidation preference, the Series D Preferred Stock shall be entitled to the same participation rights; provided, however, that the Series D Preferred Stock shall not be provided the
equal liquidation preference or any additional rights with regards to its liquidation preference except for the participation rights of such new series of Preferred Stock. 

  
 -18- 

 (c) Series C Dividends. In the event that at any time the Company
issues shares of a new series of preferred stock with cumulative dividends, the Series C Preferred Stock shall be entitled to receive cumulative dividends that accrue from the original issuance date of such shares of Series C Preferred Stock;
provided, however, that Company shall have no obligation to pay such dividends, except when, as and if declared by the Board out of any assets at the time legally available therefor or as otherwise specifically provided in the
Certificate of Incorporation, including, but not limited to a Liquidation Event. 
 (d) Series C Liquidation Preference.
In the event that at any time the Company issues shares of a new series of preferred stock with a participating liquidation preference, the Series C Preferred Stock shall be entitled to the same participation rights; provided, however,
that the Series C Preferred Stock shall not be provided the equal liquidation preference or any additional rights with regards to its liquidation preference except for the participation rights of such new series of Preferred Stock. 

(e) Series B Dividends. In the event that at any time after the date hereof the Company issues shares of a new series of
preferred stock with cumulative dividends, the Series B Preferred Stock shall be entitled to receive cumulative dividends that accrue from the original issuance date of such shares of Series B Preferred Stock; provided, however, that
Company shall have no obligation to pay such dividends, except when, as and if declared by the Board out of any assets at the time legally available therefor or as otherwise specifically provided in the Certificate of Incorporation, including, but
not limited to a Liquidation Event. 
 (f) Series B Liquidation Preference. In the event that at any time after the date
hereof the Company issues shares of a new series of preferred stock with a participating liquidation preference, the Series B Preferred Stock shall be entitled to the same participation rights; provided, however, that the
Series B Preferred Stock shall not be provided the equal liquidation preference or any additional rights with regards to its liquidation preference except for the participation rights of such new series of Preferred Stock. 

(g) Series A-1 Dividends. In the event that at any time after the date hereof the
Company issues shares of a new series of preferred stock with cumulative dividends, the Series A-1 Preferred Stock shall be entitled to receive cumulative dividends that accrue from the original issuance date
of such shares of Series A-1 Preferred Stock; provided, however, that Company shall have no obligation to pay such dividends, except when, as and if declared by the Board out of any assets at the time
legally available therefor or as otherwise specifically provided in the Certificate of Incorporation, including, but not limited to a Liquidation Event. 

(h) Series A-1 Liquidation Preference. In the event that at any time after the
date hereof the Company issues shares of a new series of preferred stock with a participating liquidation preference, the Series A-1 Preferred Stock shall be entitled to the same participation rights;
provided, however, that the Series A-1 Preferred Stock shall not be provided the equal liquidation preference or any additional rights with regards to its liquidation preference except for the participation
rights of such new series of Preferred Stock. 

  
 -19- 

 3.8. Publicity.

(a) The Company shall not use the name of “Sofinnova” in any trade publication, marketing materials or otherwise to the general
public, in each case without the prior written consent of Sofinnova Capital VII FCPR (“Sofinnova”), which consent may be withheld in its sole discretion, provided that the Company may confirm that Sofinnova is an Investor in
the Company (but not the amount or terms thereof) in a form of disclosure that has been previously approved in writing by Sofinnova. 
 (b)
In addition, from and after the date hereof, the Company will not, and will not cause or direct or permit any of its representatives to make or originate any publicity, news release or other announcement, written or oral (a
“Release”), which mentions Medtronic, Inc. or any of its subsidiaries or affiliates (each, a “Medtronic Party” and collectively, the “Medtronic Parties”) by name, including any
Release regarding the existence of any arrangement between the Company or any of its subsidiaries and any Medtronic Party or any arrangement between any stockholder of the Company and any Medtronic Party without, in each case, prior written consent
from the applicable Medtronic Party, except where, based on the advice of outside counsel to the Company, such Release is required by applicable law; provided, however, that in the event of a legally required Release, the Company will
(a) consult with such Medtronic Party prior to such Release to the extent permitted by applicable law under the circumstances with respect to the text or content of such Release and (b) to the extent permitted by applicable law, provide
such Medtronic Party with a copy of the Release as promptly as practicable but in no event less than forty-eight (48) hours prior to its publication. 

(c) In addition, from and after the date hereof, the Company will not, and will not cause or direct or permit any of its representatives to
make or originate any Release, which mentions Terumo Corporation or any of its subsidiaries or affiliates (each, a “Terumo Party” and collectively, the “Terumo Parties”) by name, including any Release
regarding the existence of any arrangement between the Company or any of its subsidiaries and any Terumo Party or any arrangement between any stockholder of the Company and any Terumo Party without, in each case, prior written consent from the
applicable Terumo Party, except where, based on the advice of outside counsel to the Company, such Release is required by applicable law; provided, however, that in the event of a legally required Release, the Company will
(a) consult with such Terumo Party prior to such Release to the extent permitted by applicable law under the circumstances with respect to the text or content of such Release and (b) to the extent permitted by applicable law, provide such
Terumo Party with a copy of the Release as promptly as practicable but in no event less than forty-eight (48) hours prior to its publication. 

(d) In addition, from and after the date hereof, the Company will not, and will not cause or direct or permit any of its representatives to
make or originate any Release, which mentions Sectoral Asset Management or any of its subsidiaries or affiliates (each, a “Sectoral Party” and collectively, the “Sectoral Parties”) by name, including
any Release regarding the existence of any arrangement between the Company or any of its subsidiaries and any Sectoral Party or any arrangement between any stockholder of the Company and any Sectoral Party without, in each case, prior written
consent from the applicable Sectoral Party, except where, based on the advice of outside counsel to the Company, such Release is required by applicable law; provided, however, that in the event of a legally required Release, the
Company will 

  
 -20- 

 
(a) consult with such Sectoral Party prior to such Release to the extent permitted by applicable law under the circumstances with respect to the text or content of such Release and
(b) to the extent permitted by applicable law, provide such Sectoral Party with a copy of the Release as promptly as practicable but in no event less than forty-eight (48) hours prior to its publication. 

(e) In addition, from and after the date hereof, the Company will not, and will not cause or direct or permit any of its representatives to
make or originate any Release, which mentions T. Rowe Price Associates, Inc. or any of its accounts, funds, subsidiaries or affiliates (each, a “T. Rowe Party” and collectively, the “T. Rowe Parties”)
by name, including any Release regarding the existence of any arrangement between the Company or any of its subsidiaries and any T. Rowe Party or any arrangement between any stockholder of the Company and any T. Rowe Party without, in each case,
prior written consent from the applicable T. Rowe Party, except where, based on the advice of outside counsel to the Company, such Release is required by applicable law; provided, however, that in the event of a legally required
Release, the Company will (a) consult with such T. Rowe Party prior to such Release to the extent permitted by applicable law under the circumstances with respect to the text or content of such Release and (b) to the extent permitted by
applicable law, provide such T. Rowe Party with a copy of the Release as promptly as practicable but in no event less than forty-eight (48) hours prior to its publication. 

(f) In addition, from and after the date hereof, the Company will not, and will not cause or direct or permit any of its representatives to
make or originate any Release, which mentions Abiomed, Inc. (“ABMD”) or any of its subsidiaries or affiliates by name, including any Release regarding the existence of any arrangement between the Company or any of its
subsidiaries and ABMD or any arrangement between any stockholder of the Company and ABMD without, in each case, prior written consent from ABMD, except where, based on the advice of outside counsel to the Company, such Release is required by
applicable law; provided, however, that in the event of a legally required Release, the Company will (a) consult with ABMD prior to such Release to the extent permitted by applicable law under the circumstances with respect to the
text or content of such Release and (b) to the extent permitted by applicable law, provide ABMD with a copy of the Release as promptly as practicable but in no event less than forty-eight (48) hours prior to its publication. 

3.9. Notice of Proposed Sale. From and after the date hereof, the Company will provide written notice to ABMD within five
business days of getting a third-party offer for a Proposed Sale (the “ABMD Sale Notice”). For purposes of this Section 3.9, a “Proposed Sale” means a bona fide arm’s length proposal for
(i) the acquisition of the Company by another entity by means of any transaction or series of related transactions to which the Company is party (including, without limitation, any stock acquisition, reorganization, merger or consolidation but
excluding any sale of stock for capital raising purposes) other than a transaction or series of transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction retain, immediately after
such transaction or series of transactions, as a result of shares in the Company held by such holders prior to such transaction, at least a majority of the total voting power represented by the outstanding voting securities of the Company or such
other surviving or resulting entity (or if the Company or such other surviving or resulting entity is a wholly-owned subsidiary immediately following such acquisition, its parent) or (ii) a sale, lease or other disposition (including by
exclusive license) of 

  
 -21- 

 
all or substantially all of the assets of the Company and its subsidiaries taken as a whole by means of any transaction or series of related transactions, except where such sale, lease or other
disposition is to a wholly-owned subsidiary of the Company. The Company will not enter into any Proposed Sale with a third-party, or any exclusivity agreement or other agreement that prohibits a Proposed Sale with ABMD, until at least five business
days after the Company provides the ABMD Sale Notice to ABMD. 
 3.10. Termination of Covenants. The covenants set forth
in this Section 3 shall terminate and be of no further force and effect after the earlier to occur of (i) the closing of the Company’s Initial Public Offering and (ii) a Liquidation Event in which the holders of Preferred Stock
receive cash or securities of a company subject to the reporting requirements of the Exchange Act. 
 SECTION 4 

RIGHT OF FIRST REFUSAL 

4.1. Right of First Refusal to Significant Holders. 

(a) The Company hereby grants to each Significant Holder the right of first refusal to purchase its pro rata share of New Securities (as
defined in Section 4.1(a)(i)) which the Company may, from time to time, propose to sell and issue after the date of this Agreement. A Significant Holder’s pro rata share, for purposes of this right of first refusal, is equal to the
ratio of (x) the number of shares of Common Stock owned by such Significant Holder immediately prior to the issuance of New Securities (assuming full conversion of the Shares and full conversion or exercise of all outstanding convertible
securities, rights, options and warrants held by said Significant Holder) to (y) the total number of shares of Common Stock outstanding immediately prior to the issuance of New Securities (assuming full conversion of the Shares and full
conversion or exercise of all outstanding convertible securities, rights, options and warrants). Each Significant Holder shall have a right of over-allotment such that if any Significant Holder fails to exercise its right hereunder to purchase its
pro rata share of New Securities, the other Significant Holders may purchase the non-purchasing Significant Holder’s portion on a pro rata basis. 

(i) “New Securities” shall mean any capital stock (including Common Stock and/or Preferred Stock) of the Company
whether now authorized or not, and rights, convertible securities, options or warrants to purchase such capital stock, and securities of any type whatsoever that are, or may become, exercisable or convertible into capital stock; provided that
the term “New Securities” does not include (A) any issuances of the securities described in Article V Sections 4(d)(i)(1) through 4(d)(i)(11) of the Certificate of Incorporation or (B) the Option Shares (as defined
below). 
 (b) In the event the Company proposes to undertake an issuance of New Securities, it shall give each Significant Holder written
notice of its intention, describing the type of New Securities, and their price and the general terms upon which the Company proposes to issue the same. Each Significant Holder shall have ten (10) days after any such notice is mailed or
delivered to agree to purchase such Significant Holder’s pro rata share of such New Securities, 

  
 -22- 

 
and to indicate whether such Significant Holder desires to exercise its over-allotment option, for the price and upon the terms specified in the notice by
giving written notice to the Company, in substantially the form attached as Schedule 1, and stating therein the quantity of New Securities to be purchased. 

(c) In the event the Significant Holders fail to exercise fully the right of first refusal and
over-allotment rights, if any, within said ten (10) day period (the “Election Period”), the Company shall have one hundred eighty (180) days thereafter to
sell or enter into an agreement (pursuant to which the sale of New Securities covered thereby shall be closed, if at all, within one hundred eighty (180) days from the date of said agreement) to sell that portion of the New Securities with
respect to which the Significant Holders’ right of first refusal option set forth in this Section 4.1 was not exercised, at a price and upon terms no more favorable to the purchasers thereof than specified in the Company’s notice to
Significant Holders delivered pursuant to Section 4.1(b). In the event the Company has not sold within such one hundred eighty (180) day period following the Election Period, or such one hundred eighty (180) day period following the
date of said agreement, the Company shall not thereafter issue or sell any New Securities, without first again offering such securities to the Significant Holders in the manner provided in this Section 4.1. 

(d) The right of first refusal granted under this Agreement shall expire upon, and shall not be applicable to, the Company’s Initial
Public Offering. 
 4.2. Series D Purchase Option. Without limitation of the foregoing Section 4.1, the Company
shall provide ABMD with prompt written notice of the pricing of any Initial Public Offering of the Company. ABMD shall have the option, but not the obligation, by written notice delivered to the Company no later than one hour following such notice
from the Company, to purchase up to $10.0 million in Common Stock of the Company at a price per share equal to the price per share of the Common Stock to the public in such Initial Public Offering (the “Option Shares”) in a concurrent
private placement exempt from the registration requirements of the Securities Act. The closing of the purchase and sale of the Option Shares shall occur on the date of the closing of the Company’s Initial Public Offering. The Option Shares
shall be subject to a lockup agreement expiring 180 days after the date of the final prospectus for the Company’s Initial Public Offering and in a form reasonably satisfactory to the underwriters of the Company’s Initial Public Offering.
Such Option Shares will be Registrable Securities hereunder. The Company will give ABMD at least 30 days advance notice of any Initial Public Offering. In the event that ABMD exercises its option to purchase the Option Shares, the Company and ABMD
shall execute and deliver a stock purchase agreement containing customary representations, warranties and conditions to closing, that, in each case, are customary for a transaction structured as a concurrent private placement with an initial public
offering and reasonably satisfactory to the Company and ABMD. 

  
 -23- 

 SECTION 5 

MISCELLANEOUS 

5.1. Amendment. Except as expressly provided herein, neither this Agreement nor any term hereof may be amended, waived,
discharged or terminated other than by a written instrument referencing this Agreement and signed by the Company and the Holders holding at least fifty-five percent (55%) of the Common Stock issued or issuable upon conversion of the Preferred Stock
(excluding any of such shares that have been sold to the public or pursuant to Rule 144, and excluding, with respect to Section 2 (other than Sections 2.8, 2.9 and 2.10), any of such shares held by any Holders whose rights to request
registration or inclusion in any registration pursuant to Section 2 have terminated in accordance with Section 2.14); provided, however, that Holders purchasing shares of Preferred Stock in a closing after the Closing, if
any, may become parties to this Agreement, by executing a counterpart of this Agreement without any amendment of this Agreement pursuant to this paragraph or any consent or approval of any other Holder; provided, further, that any amendment,
waiver, discharge, or termination of Sections 3.7(a), 3.7(b), 3.8(f), 3.9 and 4.2 or the definition of “Significant Holder” shall require the prior written consent of the holders of at least sixty percent (60%) of the Series D Preferred
Stock; provided, further, that any amendment, waiver, discharge, or termination of Sections 3.7(c) and 3.7(d) or the definition of “Significant Holder” shall require the prior written consent of the holders of at least sixty percent
(60%) of the Series C Preferred Stock; provided, further, that any amendment, waiver, discharge or termination of Section 3.8(b) shall require the prior written consent of Medtronic, Inc.; provided, further, that any
amendment, waiver, discharge or termination of Section 3.8(c) shall require the prior written consent of Terumo Corporation; provided, further, that any amendment, waiver, discharge or termination of Section 3.8(d) shall
require the prior written consent of Sectoral; provided, further, that if any amendment, waiver, discharge or termination operates in a manner that treats any Holder different from other Holders, the consent of such Holder shall also
be required for such amendment, waiver, discharge or termination; and provided, further, that any amendment, waiver, discharge or termination of proviso (b) of Section 2.10 shall require the prior written consent of all
Holders who each hold at least two percent (2%) of the outstanding Registrable Securities. Notwithstanding the foregoing, if the Significant Holders waive the rights of the Significant Holders under Section 4.1 with respect to an offering of
securities by the Company, in the event that any Significant Holder actually purchases any securities in such offering, then each Significant Holder shall be permitted to participate in such offering on a pro rata basis (determined based on the
calculation contained in Section 4.1) and in proportion to the level of participation of the Significant Holder purchasing the largest portion of such securities offered to the Significant Holders. Any amendment, waiver, discharge or
termination of the previous sentence or this sentence shall require the prior written consent of the holders of at least sixty percent (60%) in the aggregate of the Series D Preferred Stock and Series C Preferred Stock. Any amendment, waiver,
discharge or termination effected in accordance with this paragraph shall be binding upon each Holder and each future holder of all such securities of Holder. 

5.2. Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed
by registered or certified mail, postage prepaid, sent by facsimile or electronic mail (if to an Investor or Holder) or otherwise delivered by hand, messenger or courier service addressed: 

(a) if to an Investor, to the Investor’s address, facsimile number or electronic mail address as shown in the Company’s records, as
may be updated in accordance with the provisions hereof; 

  
 -24- 

 (b) if to any Holder, to such address, facsimile number or electronic mail address as shown
in the Company’s records, or, until any such Holder so furnishes an address, facsimile number or electronic mail address to the Company, then to the address of the last holder of such shares for which the Company has contact information in its
records; or 
 (c) if to the Company, to the attention of the Chief Executive Officer or Chief Financial Officer of the Company at 5403 Betsy
Ross Drive, Santa Clara, California 95054, or at such other current address as the Company shall have furnished to the Investors or Holders, with a copy (which shall not constitute notice) to Alan Denenberg, Davis Polk & Wardwell LLP, 1600
El Camino Real, Menlo Park, California 94025. 
 Each such notice or other communication shall for all purposes of this Agreement be treated
as effective or having been given (i) if delivered by hand, messenger or courier service, when delivered (or if sent via a nationally-recognized overnight courier service, freight prepaid, specifying
next-business-day delivery, one business day after deposit with the courier), or (ii) if sent via mail, at the earlier of its receipt or five days after the same has been deposited in a
regularly-maintained receptacle for the deposit of the United States mail, addressed and mailed as aforesaid, or (iii) if sent via facsimile, upon confirmation of facsimile transfer or, if sent via electronic mail, when directed to the relevant
electronic mail address, if sent during normal business hours of the recipient, or if not sent during normal business hours of the recipient, then on the recipient’s next business day. 

Subject to the limitations set forth in Delaware General Corporation Law §232(e), each Investor and Holder consents to the delivery of
any notice to stockholders given by the Company under the Delaware General Corporation Law or the Company’s certificate of incorporation or bylaws by (i) facsimile telecommunication to the facsimile number set forth on
Exhibit A (or to any other facsimile number for the Investor or Holder in the Company’s records), (ii) electronic mail to the electronic mail address set forth on Exhibit A (or to any
other electronic mail address for the Investor or Holder in the Company’s records), (iii) posting on an electronic network together with separate notice to the Investor or Holder of such specific posting or (iv) any other form of
electronic transmission (as defined in the Delaware General Corporation Law) directed to the Investor or Holder. This consent may be revoked by an Investor or Holder by written notice to the Company and may be deemed revoked in the circumstances
specified in Delaware General Corporation Law §232. 
 5.3. Governing Law. This Agreement shall be governed in all
respects by the internal laws of the State of California as applied to agreements entered into among California residents to be performed entirely within California, without regard to principles of conflicts of law. 

5.4. Successors and Assigns. Except in accordance with Section 2.8, this Agreement, and any and all rights, duties and
obligations hereunder, shall not be assigned, transferred, delegated or sublicensed by any Investor without the prior written consent of the Company. Any attempt by an Investor without such permission to assign, transfer, delegate or sublicense any
rights, duties or obligations that arise under this Agreement shall be void. Subject to the foregoing and except as otherwise provided herein, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors,
assigns, heirs, executors and administrators of the parties hereto. 

  
 -25- 

 5.5. Entire Agreement. This Agreement and the exhibits hereto constitute
the full and entire understanding and agreement between the parties with regard to the subjects hereof and amends, restates and supersedes in its entirety the Prior Rights Agreement, which shall have no further force and effect. No party hereto
shall be liable or bound to any other party in any manner with regard to the subjects hereof or thereof by any warranties, representations or covenants except as specifically set forth herein. 

5.6. Delays or Omissions. Except as expressly provided herein, no delay or omission to exercise any right, power or remedy
accruing to any party to this Agreement upon any breach or default of any other party under this Agreement shall impair any such right, power or remedy of such non-defaulting party, nor shall it be construed
to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default
theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of
this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any party to this Agreement, shall be cumulative and
not alternative. 
 5.7. Severability. If any provision of this Agreement becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable or void, portions of such provision, or such provision in its entirety, to the extent necessary, shall be severed from this Agreement, and such court will replace such illegal, void or unenforceable
provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the same economic, business and other purposes of the illegal, void or unenforceable provision. The balance of this Agreement shall be
enforceable in accordance with its terms. 
 5.8. Titles and Subtitles. The titles and subtitles used in this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement. All references in this Agreement to sections, paragraphs and exhibits shall, unless otherwise provided, refer to sections and paragraphs hereof
and exhibits attached hereto. 
 5.9. Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be enforceable against the parties that execute such counterparts, and all of which together shall constitute one instrument. 

5.10. Telecopy Execution and Delivery. A facsimile, telecopy or other reproduction of this Agreement may be executed by one
or more parties hereto and delivered by such party by facsimile or any similar electronic transmission device pursuant to which the signature of or on behalf of such party can be seen. Such execution and delivery shall be considered valid, binding
and effective for all purposes. At the request of any party hereto, all parties hereto agree to execute and deliver an original of this Agreement as well as any facsimile, telecopy or other reproduction hereof. 

5.11. Jurisdiction; Venue. With respect to any disputes arising out of or related to this Agreement, the parties consent to
the exclusive jurisdiction of, and venue in, the state courts in Santa Clara County in the State of California (or in the event of exclusive federal jurisdiction, the courts of the Northern District of California). 

  
 -26- 

 5.12. Further Assurances. Each party hereto agrees to execute and
deliver, by the proper exercise of its corporate, limited liability company, partnership or other powers, all such other and additional instruments and documents and do all such other acts and things as may be necessary to more fully effectuate this
Agreement. 
 5.13. Termination Upon a Liquidation Event. Notwithstanding anything to the contrary herein, this Agreement
(excluding any then-existing obligations) shall terminate upon a Liquidation Event. 
 5.14.
Conflict. In the event of any conflict between the terms of this Agreement and the Company’s Certificate of Incorporation or its bylaws, the terms of the Company’s Certificate of Incorporation or its bylaws, as the case may be,
will control. 
 5.15. Attorneys’ Fees. In the event that any suit or action is instituted to enforce
any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Agreement, including
without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 

5.16. Aggregation of Stock. All securities held or acquired by affiliated entities (including affiliated venture capital
funds or Advisory Investors with the same or affiliated Investment Adviser) or persons shall be aggregated together for purposes of determining the availability of any rights under this Agreement. 

5.17. Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING (WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATED TO THIS AGREEMENT. If the waiver of jury trial set forth in this section is not enforceable, then any claim or cause
of action arising out of or relating to this Agreement shall be settled by judicial reference pursuant to California Code of Civil Procedure Section 638 et seq. before a referee sitting without a jury, such referee to be mutually
acceptable to the parties or, if no agreement is reached, by a referee appointed by the Presiding Judge of the California Superior Court for Santa Clara County. This paragraph shall not restrict a party from exercising remedies under the Uniform
Commercial Code or from exercising pre-judgment remedies under applicable law. 
 (signature page
follows) 

  
 -27- 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	SHOCKWAVE MEDICAL, INC. 
a Delaware corporation
		
	By:	 	 /s/ Doug Godshall

		 	Name: Doug Godshall
		 	Title:  President and CEO

 (Signature page to the Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	ABIOMED, INC.
		
	By:	 	 /s/ Michael Minogue

	Name:	 	Michael R. Minogue
	Title:	 	Chairman, CEO and President

  

  
 (Signature page to
the Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	Fidelity Growth Company Commingled Pool
	By: Fidelity Management & Trust Co.
		
	By:	 	 /s/ Courtney Bedell

	Name:	 	Courtney Bedell
	Title:	 	Corporate Governance Analyst

  
 (Signature
page to the Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund
		
	By:	 	 /s/ Courtney Bedell

	Name:	 	Courtney Bedell
	Title:	 	Corporate Governance Analyst

  
 (Signature page to
the Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund
		
	By:	 	 /s/ Courtney Bedell

	Name: Courtney Bedell
	Title: Corporate Governance Analyst

  
 (Signature page to
the Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	Fidelity Select Portfolios: Medical Equipment and Systems Portfolio
		
	By:	 	 /s/ Courtney Bedell

	Name: Courtney Bedell
	Title: Corporate Governance Analyst

  
 (Signature page to
the Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	Fidelity Select Portfolio: Health Care Portfolio
		
	By:	 	 /s/ Courtney Bedell

	Name: Courtney Bedell
	Title: Corporate Governance Analyst

  
 (Signature page to the
Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	SOFINNOVA CAPITAL VII FCPR
		
	By:	 	 /s/ Antoine Papiernik

	Name: Antoine Papiernik
	Title: President

  
 (Signature page to the
Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTORS
	
	T. Rowe Price Health Sciences Fund, Inc.
	 TD Mutual Funds - TD Health Sciences Fund

VALIC Company I - Health Sciences Fund

	T. Rowe Price Health Sciences Portfolio
	Each fund, severally and not jointly
		
	By:	 	T. Rowe Price Associates, Inc., Investment
		 	Adviser or Subadviser, as applicable
		
	By:	 	 /s/ Rouven Wool-Lewis

	Name: Rouven Wool-Lewis
	Title: Vice President

 
			
		
	Address:	 	 T. Rowe Price Associates, Inc.
 100 East Pratt
Street

		 	Baltimore, MD 21202
		 	Attn: Andrew Baek, Vice President and
		 	Senior Legal Counsel
		 	Phone: 410-345-2090
		 	E-mail: andrew_baek@troweprice.com

  
 (Signature page to the
Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	NEW EMERGING MEDICAL OPPORTUNITIES FUND II LIMITED PARTNERSHIP
	By:	 	Sectoral Asset Management Inc., its Manager
		
	By:	 	 /s/ Michael Sjöström

	Name: Michael Sjöström
	Title: Senior Partner
	
	NEW EMERGING MEDICAL OPPORTUNITIES FUND III LIMITED PARTNERSHIP
	By:	 	Sectoral Asset Management Inc., its Manager
		
	By:	 	 /s/ Michael Sjöström

	Name: Michael Sjöström
	Title: Senior Partner
	
	SECTORAL ASSET MANAGEMENT HOLDING LTD.
		
	By:	 	 /s/ Michael Sjöström

	Name: Michael Sjöström
	Title: Director

  
 (Signature page to the
Amended and Restated Investor Rights Agreement) 

 The parties are signing this Amended and Restated Investor Rights Agreement as of the date
stated in the introductory clause. 
  

			
	INVESTOR
	
	VENROCK ASSOCIATES VII, L.P.
	By: Venrock Management VII, LLC
	Its: General Partner
	
	VENROCK PARTNERS VII, L.P.
	By: Venrock Partners Management VII, LLC
	Its: General Partner
		
	By:	 	 /s/ David Stepp

		 	Authorized Signatory
	
	VENROCK HEALTHCARE CAPITAL PARTNERS II, L.P.
	By: VHCP Management II, LLC
	Its: General Partner
	
	VHCP CO-INVESTMENT HOLDINGS II, LLC
	By: VHCP Management II, LLC
	Its: Manager
		
	By:	 	 /s/ David Stepp

		 	Authorized Signatory

  
 (Signature page to the
Amended and Restated Investor Rights Agreement) 

 EXHIBIT A 

INVESTORS 
 Series D Investors

 Abiomed, Inc. 
 Series C Investors

 CY Capital Limited 
 New Emerging Medical
Opportunities Fund II Limited Partnership 
 New Emerging Medical Opportunities Fund III Limited Partnership 

Sectoral Asset Management Holding Ltd. 
 Jintao Investment Limited

 Sofinnova Capital VII FCPR 
 T. Rowe Price Health Sciences
Fund, Inc. 
 TD Mututal Funds - TD Health Sciences Fund 
 VALIC
Company I - Health Sciences Fund 
 T. Rowe Price Health Sciences Portfolio 

Venrock Associates VII, L.P. 
 Venrock Partners VII, L.P. 

Venrock Healthcare Capital Partners II, L.P. 
 VHCP Co-Investment Holdings II, LLC 
 Terumo Corporation 

RA Capital Healthcare Fund, L.P. 
 Blackwell Partners LLC - Series
A 
 Deerfield Private Design Fund III, L.P. 
 Deerfield Special
Situations Fund, L.P. 
 Skyview Investments LLC 
 Kenneth G.
Langone 
 Frederic H. Moll 
 ABG
II-Shockwave Limited 
 Fidelity Growth Company Commingled Pool 

Fidelity Mt. Vernon Street Trust: Fidelity Series Growth Company Fund 

Fidelity Mt. Vernon Street Trust: Fidelity Growth Company Fund 

Fidelity Select Portfolios: Medical Equipment and Systems Portfolio 

Fidelity Select Portfolios: Health Care Portfolio 
 Series
B Investors 
 Sofinnova Capital VII FCPR 
 T. Rowe
Price Health Sciences Fund, Inc. 
 TD Mututal Funds - TD Health Sciences Fund 

VALIC Company I - Health Sciences Fund 
 T. Rowe Price Health
Sciences Portfolio 

 Venrock Associates VII, L.P. 

Venrock Partners VII, L.P. 
 Venrock Healthcare Capital Partners
II, L.P. 
 VHCP Co-Investment Holdings II, LLC 

Medtronic, Inc. (MS Pace LP) 
 Terumo Corporation 

RA Capital Healthcare Fund, L.P. 
 ABG II-Shockwave Limited 
 New Emerging Medical Opportunities Fund II, L.P. 

Deerfield Private Design Fund III, L.P. 
 Deerfield Special
Situations Fund, L.P. 
 Barvest Inc. 
 Trudell Medical Limited

 Michael P. Stansky 
 SkyView Investments LLC 

Kenneth G. Langone 
 Maurice R. Ferre 

MMF Holdings, LLC 
 Frederic H. Moll 

David Matlin 
 Christopher C. Dewey 

Eberhard Grube 
 Mark Patterson 

Chris Pechock 
 F.T. Jay Watkins 

The Chong Elrod 2014 Living Trust 
 Series A-1 Investors 
 Sofinnova Capital VII FCPR 

T. Rowe Price Health Sciences Fund, Inc. 
 TD Mututal Funds - TD
Health Sciences Fund 
 VALIC Company I - Health Sciences Fund 

T. Rowe Price Health Sciences Portfolio 
 Barvest Inc. 

Trudell Medical Limited 
 Michael P. Stansky 

Skyview Investments LLC 
 Frederic H. Moll 

Christopher C. Dewey 
 David Matlin 

The 2002 Alice H. Hanley Descendants’ Trust 
 Mark Patterson

 Moelis Family Trust 
 David Auth 

Chris Pechock 
 Kenneth G. Langone 

 Christopher Ryan 

Sarah M. Miller 
 Matthew E. Miller 

JC Ventures LLC 
 Maurice R Ferre 

Maclynn R. Brinton (“Mac”) and Bonnie Dee Brinton, Trustees of the MACLYNN R. BRINTON FAMILY REVOCABLE TRUST DATED JUNE 26, 1992 

Danny Kang 
 Matthew Garlinghouse 

David Denton, a married man, as his sole property 
 Evan Winkler

 Eberhard Grube 
 The Raich Trust dated September 17,
2001 
 Mahmoodzadegan-Gappy Trust 
 David H. Cody 

David F. Haugh 
 Warren R. Walker 

M. Colby Wood 
 Howell D. Wood 

F.T. Jay Watkins 
 WS Investment Company, LLC (2009A) 

Thomas Goff 
 Michael Goff 

Kevin Scheetz 
 Jon Budish 

Stuart Goldstein 
 Wadler 2010 Revocable Trust Account 

John R. Whitman Testamentary Credit Shelter Trust 
 Kyle Connor
Elrod and Su-Mien Chong 2004 Revocable Trust 

 SCHEDULE 1 

NOTICE AND WAIVER/ELECTION OF 

RIGHT OF FIRST REFUSAL 

I do hereby waive or exercise, as indicated below, my rights of first refusal under the Amended and Restated Investor Rights Agreement
dated as of December [ ], 2018 (the “Agreement”): 
  

	1.	 Waiver of ten days’ notice period in which to exercise right of first refusal: (please check only
one) 

  

	 	(    )	 WAIVE in full, on behalf of all Significant Holders, the ten-day
notice period provided to exercise my right of first refusal granted under the Agreement. 

  

	 	(    )	 DO NOT WAIVE the notice period described above. 

 

	2.	 Issuance and Sale of New Securities: (please check only one) 

 

	 	(    )	 WAIVE in full the right of first refusal granted under the Agreement with respect to the issuance of the
New Securities. 

  

	 	(    )	 ELECT TO PARTICIPATE in
$                    (please provide amount) in New Securities proposed to be issued by ShockWave Medical, Inc., a Delaware corporation,
representing LESS than my pro rata portion of the aggregate of $[                ] in New Securities being offered in the financing. 

 

	 	(    )	 ELECT TO PARTICIPATE in
$                     in New Securities proposed to be issued by ShockWave Medical, Inc., a Delaware corporation, representing my FULL pro
rata portion of the aggregate of $[                ] in New Securities being offered in the financing. 

 

	 	(    )	 ELECT TO PARTICIPATE in my full pro rata portion of the aggregate of
$[                ] in New Securities being made available in the financing AND, to the extent available, the greater of (x) an additional
$                    (please provide amount) or (y) my pro rata portion of any remaining investment amount available in the event
other Significant Holders do not exercise their full rights of first refusal with respect to the $[                ] in New Securities being offered in the financing.

 Date:
                                 

 

	
	  

	(Print investor name)
	
	      

	(Signature)
	
	      

	(Print name of signatory, if signing for an entity)
	
	  

	(Print title of signatory, if signing for an entity)

 This is neither a commitment to purchase nor a commitment to issue the New Securities described above. Such
issuance can only be made by way of definitive documentation related to such issuance. The company will supply you with such definitive documentation upon request or if you indicate that you would like to exercise your first offer rights in whole or
in part.EX-10.2

 Exhibit 10.2 

LEASE 
 DATED
August 10, 2012 
 BY AND BETWEEN 

HINES VAF NO CAL PROPERTIES, L.P., 

A DELAWARE LIMITED PARTNERSHIP, 

as Landlord 
 and

 SHOCKWAVE MEDICAL, INC., 

A DELAWARE CORPORATION, 

as Tenant 
 AFFECTING
PREMISES COMMONLY KNOWN AS 
 48531 Warm Springs Blvd., Suite 416 

Fremont, California 94539 

[MULTI-TENANT GROSS INDUSTRIAL LEASE] 

[WITH EXPENSE INCREASES OVER BASE AMOUNT] 

[SHORT FORM] 
  

 SUMMARY OF BASIC LEASE TERMS 

 

			
	 A.
 (Introduction)
	  	Lease Reference Date: August 10, 2012
		
	 B.
 (Introduction)
	  	 Landlord: Hines VAF No Cal Properties, L.P., 

a Delaware limited partnership

		
	 C.
 (Introduction)
	  	 Tenant: Shockwave Medical, Inc.,
 a
Delaware limited partnership

		
	 D.
 (§1.14)
	  	Premises: That area consisting of approximately 2,527 square feet of rentable area the address of which is 48531 Warm Springs Blvd., Suite 416, Fremont, CA, within the Building approximately as shown on Exhibit
A.
		
	 E.
 (§1.15)
	  	Project: The land and improvements shown on Exhibit A consisting of four (4) buildings, the aggregate rentable area of which is approximately 146,592 square feet.
		
	 F.
 (§1.6)
	  	Building: The building of which the Premises are located known as 48531 Warm Springs Blvd, Fremont, CA 94539 containing approximately 37,512 square feet of rentable area.
		
	 G.
 (§1.20)
	  	Tenant’s Share: 1.72% of the Project.
		
	 H
 (§4.4)
	  	Tenant’s Allocated Parking Stalls: Seven (7) stalls.
		
	 I.
 (§4.4)
	  	Commencement Date: September 1, 2012.
		
	 J.
 (§1.12)
	  	Lease Term: Thirty-six (36) calendar months (plus the partial month following the Commencement Date if such date is not the first day of the month).
		
	 K.
 (§3.1)
	  	 Base Monthly Rent:    9/1/12-11/30/12: $0.00 per month

    12/1/12-8/31/13: $3,285.10 per month

    9/1/13-8/31/14: $3,411.45 per month

    9/1/14-8/31/15: $3,537.80 per month

		
	 L.
 (§3.3)
	  	Prepaid Rent: $3,285.10 (applied to rent for December 2012)
		
	 M.
 (§3.5)
	  	Security Deposit: $3,537.80.
		
	 N.
 (§4.l)
	  	Permitted Use: General office, research and development and warehousing uses in accordance with applicable laws, and no other use or purpose
		
	 O.
 (§8.1)
	  	Common Operating Expense Base Amount: The aggregate Common Operating Expenses incurred by Landlord for the 2012 Calendar Year.

  
 - 1 - 

			
		
	 P.
 (§9.1)
	  	Tenant’s Liability Insurance Minimum: $2,000,000
		
		  	Landlord’s Address for rent:
		
	 Q.
 (§1.2)
	  	 Bank of America, N.A., File 30814

Post Office Box 742247

Los Angeles, CA 90074-2247
  

Payable to: “Hines VAF No Cal Properties L.P.”

		
		  	Landlord’s Address for notices:
		
		  	 Hines VAF No Cal Properties, L.P.

c/o Hines Interests Limited Partnership

2262 North First Street

San Jose, California 95131

Attention: Property Manager
  

With a copy to:
  

Hines VAF No Cal Properties, L.P.

c/o Hines Interests Limited Partnership

101 California Street, Suite 1000

San Francisco, California 94111

Attention: Thomas Kruggel

		
	 R.
 (§1.3)
	  	 Tenant’s Address:   48531 Warm Springs Blvd., Suite 416

Fremont, CA 94539

		
	 S.
 (§1.11)
	  	Lease: This Lease includes this Summary of Basic Lease Terms, the Lease, and the following exhibits and addenda: Exhibit A (site plan of the Project containing description of the Premises), Exhibit B (intentionally deleted),
Exhibit C (intentionally deleted), Exhibit D (acceptance agreement), Exhibit E (sign criteria) and Exhibit F (Hazardous Substances Survey Form)
		
	 T.
 (§15.12)
	  	Brokers: CB Richard Ellis.

 The foregoing Summary is incorporated into and made a part of this Lease. Each reference in this Lease to any term of the
Summary shall mean the respective information set forth above and shall be construed to incorporate all of the terms provided under the particular paragraph pertaining to such information. In the event of any conflict between the Summary and the
Lease, the Summary shall control. 
 (SIGNATURES ON NEXT PAGE] 

  
 - 2 - 

															
	Landlord
	
	 HINES VAF NO CAL PROPERTIES, L.P.,

a Delaware limited partnership

		
	By:	 	 Hines VAF No Cal Properties GP LLC,

its general partner

			
		 	By:	 	 Hines VAF No Cal Mezz, L.P.,
 its
sole member

				
		 		 	By:	 	 Hines VAF No Cal Mezz GP LLC,
 its
general partner

					
		 		 		 	By:	 	 Hines VAF Northern California, L.P.,

its sole member

						
		 		 		 		 	By:	 	 Hines VAF Northern California GP LLC,

its general partner

								
		 		 		 		 		 	By:	 	 /s/ James C. Buie
	  	
		 		 		 		 		 		 	James C. Buie	  	                                      
                                         
             
		 		 		 		 		 		 	Executive Vice President	  	

 TENANT: 
  

			
	 SHOCKWAVE MEDICAL, INC.
 a Delaware
corporation

		
	By:	 	 /s/ Daniel Hawkins

			
	Name:	 	Daniel Hawkins
	Title:	 	CEO
		
	Dated:	 	8-16-12

  

			
	By:	 	  

	Name:
	Title:
	
	Dated:

  
 - 3 - 

 TABLE OF CONTENTS 

 
  

 
  

							
	 	 	 	  	PAGE	 
	 ARTICLE 1 - DEFINITIONS
	  	 	1	 
			
	 1.1
	 	Additional Rent	  	 	1	 
	 1.2
	 	Address for Notices	  	 	1	 
	 1.3
	 	Agents	  	 	1	 
	 1.4
	 	Agreed Interest Rate	  	 	1	 
	 1.5
	 	Base Monthly Rent	  	 	1	 
	 1.6
	 	Building	  	 	1	 
	 1.7
	 	Common Area	  	 	1	 
	 1.8
	 	Common Operating Expenses	  	 	1	 
	 1.9
	 	Effective Date	  	 	1	 
	 1.10
	 	Law	  	 	1	 
	 1.11
	 	Lease	  	 	1	 
	 1.12
	 	Lease Term	  	 	1	 
	 1.13
	 	Lender	  	 	1	 
	 1.14
	 	Premises	  	 	1	 
	 1.15
	 	Project	  	 	1	 
	 1.16
	 	Real Property Taxes	  	 	1	 
	 1.17
	 	Security Instrument	  	 	1	 
	 1.18
	 	Summary	  	 	1	 
	 1.19
	 	Tenant’s Alterations	  	 	1	 
	 1.20
	 	Tenant’s Share	  	 	1	 
		
	 ARTICLE 2 - DEMISE, CONSTRUCTION, AND ACCEPTANCE
	  	 	1	 
			
	 2.1
	 	Demise of Premises	  	 	1	 
	 2.2
	 	Commencement Date	  	 	1	 
	 2.3
	 	Delivery and Acceptance of Possession; Condition of the Premises	  	 	2	 
		
	 ARTICLE 3 - RENT
	  	 	2	 
			
	 3.1
	 	Base Monthly Rent	  	 	2	 
	 3.2
	 	Additional Rent	  	 	2	 
	 3.3
	 	Payment of Rent	  	 	2	 
	 3.4
	 	Late Charge and Interest on Rent in Default	  	 	2	 
	 3.5
	 	Security Deposit	  	 	2	 
		
	 ARTICLE 4 - USE OF PREMISES
	  	 	3	 
			
	 4.1
	 	Limitation on Use	  	 	3	 
	 4.2
	 	Compliance with Law	  	 	3	 
	 4.3
	 	Signs	  	 	3	 
	 4.4
	 	Parking	  	 	3	 
	 4.5
	 	Rules and Regulations	  	 	3	 
		
	 ARTICLE 5 - TRADE FIXTURES AND ALTERATIONS
	  	 	3	 
			
	 5.1
	 	Trade Fixtures	  	 	3	 
	 5.2
	 	Tenant’s Alterations	  	 	3	 
	 5.3
	 	Alternations Required by Law	  	 	3	 
	 5.4
	 	Mechanic’s Liens	  	 	3	 

  
 i 

							
	 5.5
	 	Taxes on Tenant’s Property	  	 	3	 
		
	 ARTICLE 6 - REPAIR AND MAINTENANCE
	  	 	3	 
			
	 6.1
	 	Tenant’s Obligation to Maintain	  	 	3	 
	 6.2
	 	Landlord’s Obligation to Maintain	  	 	4	 
	 6.3
	 	Control of Common Area	  	 	4	 
		
	 ARTICLE 7 - WASTE DISPOSAL AND UTILITIES
	  	 	4	 
			
	 7.1
	 	Waste Disposal	  	 	4	 
	 7.2
	 	Hazardous Materials	  	 	4	 
	 7.3
	 	Utilities	  	 	4	 
		
	 ARTICLE 8 - COMMON OPERATING EXPENSES
	  	 	5	 
			
	 8.1
	 	Tenant’s Obligation to Reimburse	  	 	5	 
	 8.2
	 	Common Operating Expenses Defined	  	 	5	 
	 8.3
	 	Real Property Taxes Defined	  	 	5	 
		
	 ARTICLE 9 - INSURANCE
	  	 	5	 
			
	 9.1
	 	Tenant’s Insurance	  	 	5	 
	 9.2
	 	Landlord’s Insurance	  	 	5	 
	 9.3
	 	Release and Waiver of Subrogation	  	 	6	 
		
	 ARTICLE 10 - LIMITATION ON LANDLORD’S LIABILITY AND INDEMNITY
	  	 	6	 
			
	 10.1
	 	Limitation on Landlord’s Liability	  	 	6	 
	 10.2
	 	Limitation on Tenant’s Recourse	  	 	6	 
	 10.3
	 	Indemnification of Landlord	  	 	6	 
		
	 ARTICLE 11 - DAMAGE TO PREMISES
	  	 	6	 
			
	 11.1
	 	Landlord’s Duty to Restore	  	 	6	 
	 11.2
	 	Landlord’s Right to Terminate	  	 	6	 
	 11.3
	 	Abatement of Rent	  	 	6	 
		
	 ARTICLE 12 - CONDEMNATION
	  	 	6	 
			
	 12.1
	 	Landlord’s Termination Right	  	 	6	 
	 12.2
	 	Tenant’s Termination Right	  	 	6	 
	 12.3
	 	Abatement of Rent	  	 	6	 
	 12.4
	 	Division of Condemnation Award	  	 	6	 
		
	 ARTICLE 13 - DEFAULT AND REMEDIES
	  	 	7	 
			
	 13.1
	 	Events of Tenant’s Default	  	 	7	 
	 13.2
	 	Landlord’s Remedies	  	 	7	 
	 13.3
	 	Waiver	  	 	7	 
	 13.4
	 	Waiver by Tenant of Certain Remedies	  	 	7	 

  
 ii 

							
	 ARTICLE 14 - ASSIGNMENT AND SUBLETTING
	  	 	8	 
			
	 14.1
	 	 Transfer by Tenant
	  	 	8	 
		
	 ARTICLE 15 - GENERAL PROVISIONS
	  	 	8	 
			
	 15.1
	 	 Landlord’s Right to Enter
	  	 	8	 
	 15.2
	 	 Surrender of the Premises
	  	 	9	 
	 15.3
	 	 Holding Over
	  	 	9	 
	 15.4
	 	 Subordination
	  	 	9	 
	 15.5
	 	 Attornment
	  	 	9	 
	 15.6
	 	 Estoppel Certificates
	  	 	9	 
	 15.7
	 	 Notices
	  	 	9	 
	 15.8
	 	 Attorneys’ Fees
	  	 	9	 
	 15.9
	 	 Corporate Authority
	  	 	9	 
	 15.10
	 	 Miscellaneous
	  	 	9	 
	 15.11
	 	 Entire Agreement
	  	 	9	 
	 15.12
	 	 Brokerage Commissions
	  	 	9	 

 EXHIBITS 
  

			
	 Exhibit A -
	 	Site plan of the Project containing a description of the Premises
	 Exhibit B
	 	Tenant Improvements
	 Exhibit C
	 	Intentionally Deleted
	 Exhibit D -
	 	Acceptance Agreement
	 Exhibit E -
	 	Sign Criteria
	 Exhibit F -
	 	Hazardous Substances Survey

  
 iii 

 ARTICLE 1 

DEFINITIONS 
 1.1 Additional
Rent. The term “Additional Rene is defined in §3.2. 
 1.2 Address for Notices: The term “Address for Notices” shall mean the
addresses set forth in Sections Q and R of the Summary: provided, however, that after the Commencement Date. Tenant’s Address for Notices shall be the address of the Premises. 

1.3 Agents: The term “Agents” shall mean the following: (i) with respect to Landlord or Tenant the agents, employees. contractors, and
invitees of such party; and (ii) in addition with respect to Tenant, Tenant’s subtenants and their respective agents, employees, contractors, and invitees. 

1.4 Agreed Interest Rate: The term “Agreed Interest Rate” shall mean that interest rate determined as of the time it is to be applied that is
equal to the lesser of (i) five percentage points over the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law. 

1.5 Base Monthly Rent: The term “Base Monthly Rent” shall mean the fixed monthly rent payable by Tenant pursuant to 3.1 which is specified in
Section K of the Summary. 
 1.6 Building: The term “Building” shall mean the building in which the Premises are located which Building is
identified in Section F of the Summary, the rentable area of which is referred to herein as the “Building Rentable Area”. 
 1.7 Common
Area: The term “Common Area” shall mean all areas and facilities within the Project that are not designated by Landlord for the exclusive use of Tenant or any other lessee or other occupant of the Project, including the parking areas,
access and perimeter roads. pedestrian sidewalks, landscaped areas. trash enclosures, recreation areas and the like. 
 1.8 Common Operating Expenses: The
term “Common Operating Expenses is defined in 8.2. 
 1.9 Effective Date: The term “Effective Date” shall mean the date the last
signatory to this Lease whose execution is required to make it binding on the parties hereto shall have executed this Lease. 
 1.10 Law: The term
“Law” shall mean any judicial decision, statute, resolution, regulation, rule, administrative or court order, or other requirement of any municipal. county, state, federal or other government agency or authority having jurisdiction over
the parties to this Lease or the Premises, or both, in effect either at the Effective Date or any time during the Lease Term. 
 1.11 Lease: The term
“Lease” shall mean the Summary and all elements of this Lease identified in Section S of the Summary, all of which are attached hereto and incorporated herein by this reference. 

1.12 Lease Term: The term “Lease Term” shall mean the term of this Lease which shall commence on the Commencement Date and continue for the
period specified in Section J of the Summary. 
 1.13 Lender: The term “Lender” shall mean any beneficiary. mortgagee, secured party, lessor
(other than Landlord), or other holder of any Security Instrument. 
 1.14 Premises: The term “Premises shall mean the rentable area within the
Building described in Section D of the Summary located approximately as shown on Exhibit A. 
 1.15 Project: The term “Project” shall
mean that real property and the improvements thereon which are specified in Section E of the Summary, the rentable area of which is referred to herein as the “Project Rentable Area”. 

1.16 Real Property Taxes: The term “Real Property Taxes” is defined in §8.3. 

1.17 Security Instrument: The term “Security Instrument” shall mean any underlying lease, mortgage or deed of trust which now or hereafter
affects any portion of the Project. 
 1.18 Summary: The term “Summary” shall mean the Summary of Basic Lease Terms executed by Landlord and
Tenant that is part of this Lease. 
 1.19 Tenant’s Alterations: The term “Tenant’s Alterations” shall mean all improvements,
additions, alterations, and fixtures installed in the Premises by Tenant at its expense. 
 1.20 Tenant’s Share: The term “Tenant’s
share” shall mean the percentage obtained by dividing the rentable area within the Premises by the Project rentable area. which as of the Effective Date is the percentage identified in Section G of the Summary. 

ARTICLE 2 

DEMISE. CONSTRUCTION. AND ACCEPTANCE 

2.1 Demise of Premises: Landlord hereby leases to Tenant, and Tenant leases from Landlord, the Premises for the Lease Term upon the terms and conditions
hereof. As used herein, the Premises means solely the internal space from wall to wall and from floor to ceiling, and does not include any rights to any areas above the ceiling or below the floor or on the roof of the Building (except that Landlord
grants Tenant permission to use over-ceiling areas for utility runs subject to reasonable accommodation of the needs of Landlord and others for similar use). 

2.2 Commencement Date: The Lease Term shall begin on the Commencement Date specified in Section I of the Summary. 

 

  
 1 

 2.3 Delivery and Acceptance of Possession: Condition of the Premise:·Early Occupancy: If
Landlord is unable to deliver possession of the Premises to Tenant on or before the Commencement Date for any reason whatsoever, this Lease shall not be void or voidable, and Landlord shall not be liable to Tenant for any loss or damage resulting
therefrom. Except as otherwise provided herein, at the time Landlord delivers possession of the Premises to Tenant, Tenant agrees to and does accept possession of the Premises in their then existing condition,
“as-is” including all patent and latent defects. Tenant acknowledges that neither Landlord nor any agent nor any employee of Landlord has made any representations or warranty with respect to the
Premises or the Project or with respect to the suitability of either for the conduct of Tenant’s business and Tenant expressly warrants and represents that Tenant has relied solely on its own investigation and inspection of the Premises and the
Project in its decision to enter into this Lease and let the Premises in an “as is” condition. No promise of Landlord to alter. remodel, repair, or improve the Premises, the Building, or the Project, and no representation, express or
implied, respecting any matter or thing relating to the Premises, Building, Project, or this Lease (including, without limitation. the condition of the Premises, the Building, or the Project) has been made to Tenant by Landlord or its broker or
sales agent other than as may be contained herein. Notwithstanding the foregoing, using Building standard materials, Landlord shall perform certain improvements to the warehouse area of the Premises shown on Exhibit B to this Lease (collectively,
the “Tenant Improvements”) consisting of the following: (a) install a wall in front of the rear door, (b) clean the existing VCT flooring, (c) install a new dropped ceiling, (d) install a new sink in the location shown
on Exhibit B, and (e) install a new dedicated circuit, provided that in no event shall the cost of the Tenant Improvements exceed $27,797.00 (the “Allowance”). Tenant will be responsible for paying the cost of the Tenant Improvements
in excess of the Allowance upon demand by Landlord. Provided that Tenant and its agents do not interfere with Landlord’s performance of the Tenant Improvements, Tenant shall be entitled to early occupancy of the Premises for the sole purpose of
installing furniture, fixtures and equipment in the Premises commencing on the date Landlord delivers access to the Premises to Tenant (the “Early Occupancy Date”) and continuing until the Commencement Date; provided that during such early
occupancy period, all terms, provisions and conditions of this Lease shall apply, including, but not limited to, (a) Tenant’s obligation to provide Landlord with evidence of liability insurance coverage pursuant to Article 9 hereof; and
(b) Tenant’s indemnity obligations pursuant to Section 10.3 hereof. Tenant’s occupancy of the Premises shall in no way interfere with Landlord’s completion of the Tenant Improvements and Landlord and Tenant shall coordinate
their respective work to be performed at the Premises. Early occupancy of the Premises shall not advance the expiration date of this Lease. Notwithstanding the foregoing, Landlord shall not be obligated to deliver possession of the Premises to
Tenant until Landlord has received from Tenant all of the following: (i) the fast installment of Base Monthly Rent due under this Lease, and (ii) executed copies of policies of insurance or certificates or binders thereof as required under
Article 9. Tenant hereby acknowledges that Landlord will be performing the Tenant Improvements during such early occupancy period and/or the Lease Term and Landlord’s performance of such work shall not be deemed a constructive eviction of
Tenant, nor shall Tenant be entitled to any abatement of rent in connection therewith. Furthermore, Landlord shall have no responsibility and shall not be liable to Tenant for, and Tenant hereby waives any claim against Landlord in connection with,
(a) any injury or damage to persons or property at the Premises, (b) any interference with Tenant’s business, (c) any loss of the use of the whole or any part of the Premises or of Tenant’s personal property or improvements,
or (d) any inconvenience or annoyance, occasioned by or arising from the completion of the Tenant Improvements. Landlord shall deliver the Premises to Tenant on the Early Occupancy Date clean and free of debris and warrants to Tenant that the
existing electrical, plumbing, heating, ventilation and air-conditioning and other building systems serving the Premises, other than those constructed or modified by Tenant, shall be in good operating
condition on the Early Occupancy Date, except to the extent such failure to operate in good operating condition is caused by Tenant’s use or alterations to the Premises. If a non-compliance with said
warranty exists as of the Early Occupancy Date, Landlord shall, except as otherwise provided in this Lease, promptly after receipt of written notice from Tenant setting forth with specificity the nature and extent of such non-compliance, commence to rectify same at Landlord’s expense. If Tenant does not give Landlord written notice of a non-compliance with this warranty within thirty
(30) days after the Early Occupancy Date, correction of such non-compliance shall be the obligation of Tenant at Tenant’s sole cost and expense, except as otherwise expressly provided in this Lease.

 ARTICLE 3 

RENT 
 3.1 Base Monthly Rent:
Throughout the Lease Term, Tenant shall pay to Landlord the Base Monthly Rent set forth in Section K of the Summary (the “Base Monthly Rent”). 

3.2 Additional Rent: All monies payable from Tenant to Landlord and charges due from Tenant under this Lease (other than Base Monthly Rent) shall be
deemed additional rent (the “Additional Rent”’), provided, however, that at Landlord’s sole discretion and election, which may be exercised at any time prior to actual payment thereof, Landlord may by written notice deem such
payments to be damages in the case of any breach. 
 3.3 Payment of Rent: Concurrently with the execution of this Lease, Tenant shall pay to Landlord
the amount set forth in Section L of the Summary as prepayment of rent for credit against the first installment(s) of Base Monthly Rent. All rent required to be paid in monthly installments shall be paid in advance on the first day of each calendar
month during the Lease Term to Landlord at the address set forth in Section Q of the Summary or to such other address as Landlord may from time to time indicate. Any partial month periods shall be prorated and paid on the first day of the period.
All rent shall be paid in lawful money of the United States, without any abatement, deduction, or offset whatsoever, and without any prior demand therefor. Notwithstanding anything to the contrary herein, all payments made by Tenant shall be applied
first to the oldest obligation for Base Monthly Rent or Additional Rent (including but not limited to late fees, interest, and attorney’s fees) of Tenant, in the order in which the obligation accrued, unless within thirty (30) days of
receipt of the payment, Landlord notifies Tenant of its election to apply the payment in a different way, in which case Landlord’s allocation shalt control. Tenant shall have no right to direct the application of funds other than as set forth
herein, and waives any rights Tenant may have under Civil Code §1479 to direct the allocation of funds paid to Landlord. 
 3.4 Late Charge and
Interest on Rent in Default: If any Base Monthly Rent or Additional Rent is not received by Landlord from Tenant when due, then Tenant shall immediately pay to Landlord a late charge equal to 10% of such delinquent rent as liquidated damages for
Tenant’s failure to make timely payment. If any rent remains delinquent for a period in excess of 30 days then in addition to such late charge, Tenant shall pay to Landlord interest on any rent that is not paid when due at the Agreed Interest
Rate following the date such amount became due until paid. This paragraph shall not be deemed to grant Tenant an extension of time within which to pay rent or prevent Landlord from exercising any other right or remedy. 

3.5 Security Deposit: Concurrently with Tenant’s execution and delivery of this Lease. Tenant shall deposit with Landlord, without interest, the
amount set forth in Section M of the Summary as security for the performance by Tenant of its obligations under this Lease, and not as prepayment of rent (the “Security Deposit”). Landlord may from time to time apply all or any 

  
 2 

 portion of the Security Deposit to remedy any default by Tenant to the extent permitted by Law, including,
without limitation, to offset rent which is unpaid either before or after the termination of this Lease. Tenant hereby waives any restriction on the uses to which the Security Deposit may be put contained in California Civil Code
Section 1950.7. If any part of the Security Deposit is so used, Tenant agrees to pay promptly upon demand (not later than three (3) days after demand) an amount in cash sufficient to restore the Security Deposit to the full original
amount. If Tenant is not in default at the expiration or termination of this Lease, Landlord shall return the entire Security Deposit to Tenant, less any final charges due except for any portion identified as a
non-refundable cleaning fee, which Landlord shall retain. 
 ARTICLE 4 

USE OF PREMISES 
 4.1 Limitation
on Use: Tenant shall use the Premises solely for the use specified in Section N of the Summary (the “Permitted Use”). Tenant shall not do anything in or about the Premises which will cause any damage or structural injury to the
Building or Common Area or operate any equipment within the Premises which will overload, damage or impair electrical systems, HVAC, sprinkler systems, sanitary systems or other mechanical equipment servicing the Building or the Project. Tenant
shall not attach, hand, or suspend anything from the ceiling, roof, walls, or columns of the Building or set any load on the floor in excess of the load limits for which such items arc designed nor operate hard wheel forklifts within the Premises.
Tenant shall not change the exterior of the Building or install any equipment or antennas on or make any penetrations of the exterior or roof of the Building. Tenant shall not commit or permit any waste or nuisance in or about the Premises. Tenant
shall not conduct on any portion of the Premises or the Project any sale of any kind. No articles of any kind shall be stored upon or permitted to remain outside of the Premises. 

4.2 Compliance with Law: Tenant shall comply with, and shall not use the Premises in any manner which violates, any Laws or covenants, conditions, and
restrictions or other restrictive covenants or agreements now or hereafter affecting the Project. Tenant shall not use the Premises in any manner which will cause a cancellation of any insurance policy covering the Building or Tenant’s
Alterations or which poses an unreasonable risk of damage or injury to the Premises. Tenant shall comply with all reasonable requirements of any insurance company, insurance underwriter or Board of Fire Underwriters which are necessary to maintain
the insurance coverage carried by either Landlord or Tenant pursuant to this Lease. 
 4.3 Signs: Tenant shall not place on any portion of the
Premises any signage or communicative material which is visible from the exterior of the Building without the prior written approval of Landlord and any governmental permits which may be required. All such approved signs shall strictly confirm to
all Laws, restrictive covenants and Landlord’s sign criteria attached as Exhibit E, and shall be installed and maintained in good condition at the expense of Tenant throughout the Lease Term. 

4.4 Parking: Tenant is allocated and shall have the non-exclusive right to use not more than the number of
Tenant’s Allocated Parking Stalls contained within the Project described in Section H of the Summary for its use and the use of Tenant’s Agents, the location of which may be designated from time to time by Landlord. Landlord reserves the
right, after having given Tenant reasonable notice, to have any vehicles owned by Tenant or Tenant’s Agents utilizing parking spaces in excess of the parking spaces allowed for Tenant’s use or parked in unauthorized areas to be towed away
at Tenant’s cost. Four hours phone notice to Tenant shall be conclusively deemed reasonable notice for tow away. 
 4.5 Rules and Regulations:
Landlord may promulgate reasonable rules and regulations applicable to the occupants of the Project. Such rules and regulations shall be binding upon Tenant upon delivery of a copy to Tenant, and Tenant agrees to abide by such rules and regulations.

 ARTICLE 5 

TRADE FIXTURES AND ALTERATIONS 
 5.1
Trade Fixtures: Throughout the Lease Term, Tenant may provide and install, and shall maintain in good condition, any trade fixtures required in the conduct of its business in the Premises. All trade fixtures shall remain Tenant’s
property. 
 5.2 Tenant’s Alterations: Tenant shall not construct any Tenant’s Alterations or otherwise alter the Premises without
Landlord’s prior written approval, which Landlord may withhold in its sole discretion. At the expiration or sooner termination of the Lease Term, all Tenant’s Alterations shall be surrendered to Landlord as part of the realty and shall
then become Landlord’s property, and Landlord shall have no obligation to reimburse tenant for all or any portion of the value or cost thereof; provided, however, that if Landlord requires Tenant to remove any Tenant’s Alterations, Tenant
shall so remove such Tenant’s Alterations prior to the expiration or sooner termination of the Lease Term. All Tenant’s Alterations shall be constructed by a licensed contractor in accordance with all Laws, pursuant to any required permits
and inspections, using new materials of good quality, and Tenant shall provide whatever insurance during construction which Landlord shall reasonably require. 

5.3 Alterations Required by Law: Tenant shall make any alteration, addition or change of any sort to the Premises that is required by any Law because of
(i) Tenant’s particular use or change of use of the Premises, (ii) Tenant’s application for any permit or governmental approval, or (iii) Tenant’s construction or installation of any Tenant’s Alterations or trade
fixtures. 
 5.4 Mechanic’s Liens: Tenant shall keep the Project free from any liens and shall pay when due all bills arising out of any work
performed, materials furnished, or obligations incurred by tenant or Tenant’s Agents. If any claim of lien is recorded, Tenant shall bond against or discharge the same within 10 days after the same has been recorded against the Project. 

5.5 Taxes on Tenant’s Property: Tenant shall pay before delinquency any and all taxes, assessments, license fees and public charges imposed against
Tenant or Tenant’s estate in this Lease or the property of Tenant. 
 ARTICLE 6 

REPAIR AND MAINTENANCE 
 6.1
Tenant’s Obligation to Maintain: Tenant shall clean and maintain in good order, condition and repair and replace when necessary the Premises and every part thereof through regular inspections and servicing. All repairs and replacements
required of Tenant shall be promptly made with new materials of like kind and quality. If the work affects the structural or exterior parts of the Building or if the estimated cost of any item of repair or replacement is in excess of $1,000 then
Tenant shall first obtain Landlord’s written approval of the same in accordance with 5.2 hereof. If Tenant fails to make such repairs, Landlord may, but need not make such repairs, and Tenant shall pay Landlord as Additional Rent the cost
thereof, including an amount sufficient to reimburse Landlord for all overhead and costs, and expenses arising from Landlord’s involvement with such repairs. 

  
 3 

 6.2 Landlord’s Obligation to Maintain: Landlord shall repair. maintain and operate the Common
Area and repair and maintain the roof, exterior and structural parts of the Building so that the same arc kept in good order and repair and if there is central HVAC or other Building service equipment and/or utility facilities serving portions of
the Common Area and/or both the Premises and other parts of the Building. Landlord shall maintain and operate (and replace when necessary) such equipment. Landlord shall not be responsible for repairs required for damage caused to any part of the
Project by any act or omission of Tenant or Tenant’s Agents. In addition, Landlord shall repair and maintain all HVAC equipment serving the Premises, and the cost for such repair and maintenance shall be included in the Common Operating
Expenses. 
 6.3 Control of Common Area: Landlord shall at all times have exclusive control of the Common Area. Landlord shall have the right, without
the same constituting an actual or constructive eviction and without entitling Tenant to any abatement of rent, to close any part of the Common Area for any reason, eliminate from or add to the Project any land or improvement, make changes to the
Common Area, remove authorized persons from the Project, and/or change the name or address of the Building or Project. Landlord shall have no obligation to provide guard services or other security measures for the benefit of the Project and Tenant
assumes all responsibility for the protection of Tenant and Tenant’s Agents from acts of third parties. 
 ARTICLE 7 

WASTE DISPOSAL AND UTILITIES 
 7.1
Waste Disposal: Tenant shall cause all of its waste to be stored only in designated areas. Tenant shall keep all fire corridors and mechanical equipment rooms in the Premises free and clear of all obstructions. As part of the Common Area
Expenses, Landlord will provide waste disposal services. Waste items deemed to be other than ordinary refuse, or that cannot be deposited in the containers provided, will be billed directly to Tenant and Tenant will pay such bills within ten
(10) days. 
 7.2 Hazardous Materials: Landlord and Tenant agree as follows with respect to the existence or use of Hazardous Materials on the
Project; 
 A. Any handling, transportation, storage, treatment, disposal or use of Hazardous Materials by Tenant and Tenant’s Agents in
or about the Project shall strictly comply with all applicable Hazardous Materials Laws. Tenant shall indemnify, defend upon demand with counsel reasonably acceptable to Landlord. and hold harmless Landlord from and against any and all liabilities,
losses, claims, damages, lost profits, consequential damages, interest, penalties, fines, monetary sanctions, attorney’s fees, experts’ fees, court costs, remediation costs, investigation costs. and other expenses which result from or
arise in any manner whatsoever out of the use, storage, treatment, transportation, release, or disposal of Hazardous Materials on or about the Project by Tenant or Tenant’s Agents. 

B. If the presence of Hazardous Materials on the Project caused or permitted by Tenant or Tenant’s Agents results in contamination of
water or soil then Tenant shall promptly take any and all action necessary to investigate and remediate such contamination as required by Law or as a condition to the issuance or continuing effectiveness of any governmental approval which relates to
the use of the Project or any part thereof. Tenant shall further be solely responsible for, and shall defend, indemnify, and hold Landlord and its agents harmless from and against, all claims, costs and liabilities, including attorney’s fees
and costs arising out of or in connection with any investigation and remediation to return the Project to its condition existing prior to the appearance of such Hazardous Materials. 

C. Landlord and Tenant shall each give written notice to the other as soon as reasonably practicable of (i) any communication received
from any governmental authority concerning Hazardous Materials which relates to the Project; and (ii) any contamination of the Project by Hazardous Materials which constitutes a violation of any Hazardous Materials Law. Tenant may use such
Hazardous Materials of such type and such quantity as are reasonably necessary and customary to the operation of tenant’s business of which Landlord received notice prior to such Hazardous Materials being brought onto the Premises and to which
Landlord consents in writing, so long as the same are used in strict conformance with Hazardous Materials Law and any manufacturer’s guidelines. At any time during the Lease Term, Tenant shall, within five days after written request therefor
received from Landlord, disclose in writing all Hazardous Materials that are being used by tenant on the Project, the nature of such use, and the manner of storage and disposal. 

D. Landlord may cause testing wells to be installed on the Project, and may cause the ground water to be tested to detect the presence of
Hazardous Material by use of such tests as are then customarily used for such purposes. The cost of such tests and of the installation, maintenance, repair and replacement of such wells shall be paid by Tenant if such tests disclose the existence of
facts which give rise to liability of Tenant pursuant to its indemnity given in 7.2A and/or 7.2B. 
 E. As used herein, the term
“Hazardous Material” means any hazardous or toxic substance, material or waste which is or becomes regulated by any local governmental authority, the State of California or the United States Government. As used herein, the term
“Hazardous Material Law” shall mean any Law which regulates the use, storage, release or disposal of any Hazardous Material. 
 F.
The obligations of Landlord and Tenant under this 7.2 shall survive the expiration or earlier termination of the Lease Term. The rights and obligations of Landlord and Tenant with respect to issues relating to Hazardous Materials are exclusively
established by this 7.2. In the event of any inconsistency between any other part of this Lease and this 7 2, the terms of this 7.2 shall control. 
 7.3
Utilities: Tenant shall promptly pay, as the same become due, all charges for water, gas, and electricity, telephone, sewer service, waste pick-up and any other utilities, materials, or services
furnished to or used by Tenant on or about the Premises during the Lease Term, including, without limitation, meter, use and/or connection fees, hook-up fees, or standby fees, and penalties for discontinued or
interrupted service. If any utility service is not separately metered to the Premises, then Tenant shall pay its pro rata share of the cost of such utility service with all others served by the service not separately metered as reasonably determined
by Landlord. 

  
 4 

 ARTICLE 8 

COMMON OPERA TING EXPENSES 
 8.1
Tenant’s Obligation to Reimburse: As Additional Rent, Tenant shall pay Tenant’s share (specified in Section G of the 
 Summary) of the
amount (if any) by which Common Operating Expenses paid or incurred in any Landlord’s fiscal year during the Lease Term exceeds the Common Operating Expense Base Amount defined in Section O of the Summary (which excess is referred to herein as
the “Excess Expenses”) for any annual period or portion thereof. If the Project contains more than one building, then Tenant shall pay Tenant’s Share of the Excess Expenses for the Landlord’s fiscal year in question based upon
the Common Operating Expenses fairly allocable to the Building. Payment shall be made by whichever of the following methods is from time to time designated by Landlord, and Landlord may change the method of payment at any time. After each
Landlord’s fiscal year during the Lease Term, Landlord may invoice Tenant for Tenant’s Share of the Excess Expenses for such Landlord’s fiscal year, and Tenant shall pay such amounts so invoiced within 5 days after receipt of such
invoice. Alternatively, (i) Landlord shall deliver to Tenant Landlord’s reasonable estimate of the Excess Expenses it anticipates will be paid or incurred for the Landlord’s fiscal year in question, (ii) during such
Landlord’s fiscal year, following such notice, Tenant shall pay Tenant’s Share of the estimated Excess Expenses in advance in equal monthly installments due with each installment of Base Monthly Rent over the remainder of the fiscal year,
and (iii) within 90 days after the end of such Landlord’s fiscal year or as soon thereafter as reasonably practicable, Landlord shall furnish to Tenant a statement in reasonable detail of the actual Excess Expenses paid or incurred by
Landlord in accordance with this paragraph during the just ending Landlord’s fiscal year, and thereupon there shall be an adjustment between Landlord and Tenant, with payment to or repayment by Landlord, as the case may require within 5 days
after delivery by Landlord to Tenant of such statement to the end that Landlord shall receive the entire amount to Tenant’s Share of the Excess Expenses for such Landlord’s fiscal year and no more. Within thirty days after Tenant’s
receipt of a statement, if Tenant disputes the amount of Excess Expenses set forth in the statement, an independent certified public accountant (which accountant is a member of a nationally recognized accounting firm and working on a non-contingency fee basis) designated by Tenant, may, after reasonable notice to Landlord and at reasonable times and at Tenant’s expense, inspect Landlord’s records at Landlord’s offices, provided
that Tenant is not then in default under this Lease. If after such inspection, Tenant still disputes such Excess Expenses, a certification as to the proper amount shall be made, at Tenant’s expense, by Landlord’s independent certified
public accountant which certification shall be final and conclusive. 
 8.2 Common Operating Expenses Defined: the term “Common Operating
Expenses” shall mean all costs and expenses incurred by Landlord with respect to the operation, protection, improvement, maintenance, repair, replacement, and restoration of the Project including, without limitation, the following: (i) the
operation, repair, maintenance and replacement of the roof, the exterior surfaces and interior improvements of all buildings located on the Project, the HVAC equipment, utility facilities and other building service equipment, and the Common Areas;
(ii) Real Property Taxes as defined in 8.3; (iii) the amounts of any “deductible” and “coinsurance” paid by Landlord with respect to damage caused by an “Insurance Peril” (as hereinafter defined) or amounts
incurred in connection with an “Uninsured Peril” (as hereinafter defined) up to a maximum amount in any twelve-month period equal to 2% of the replacement cost of the buildings or other improvements damaged; (v) maintenance of
insurance carried by Landlord in connection with the Project; and (vi) management fees not exceeding the monthly rate of 5% of the gross revenues from the Project. If the Project is less than ninety-five percent (95%) occupied during all or a
portion of any calendar year during the Lease Term, the variable components of the Common Operating Expenses as determined by Landlord shall be calculated as if the Project had been 95% occupied for the full calendar year. 

8.3 Real Property Taxes Defined: The term “Real Property Taxes” shall mean all taxes, assessments, levies, and other charges of any kind or
nature whatsoever, general and special, foreseen and unforeseen, now or hereafter imposed by any governmental or quasi-governmental authority or special district having the direct or indirect power to tax or levy assessments, which are levied or
assessed against, or with respect to the value, occupancy or use of, all or any portion of the Project or any portion of the Project or the rents derived therefrom (except Federal and State net income taxes). 

ARTICLE 9 

INSURANCE 
 9.1 Tenant’s
Insurance: Tenant shall maintain insurance complying with all of the following: 
 A. Tenant shall procure, pay for and keep in full
force and effect: (i) commercial general liability insurance, including property damage, against liability for personal injury, bodily injury, death and damage to property occurring in or about, or resulting from an occurrence in or about, the
Premises with combined single limit coverage of not less than the amount specified in Section P of the Summary, which insurance shall contain a “contractual liability’’ endorsement insuring performance of Tenant’s
obligation to indemnify Landlord contained in ¶10.3: (ii) fire and property damage insurance in a “Causes of Loss—Special Form” (formerly known as “All Risk”) policy insuring Tenant’s trade fixtures, personal
property, and Tenant’s Alterations for their full actual replacement cost; (iii) workers’ compensation insurance as required by statute and employee’s liability insurance in an amount of not less than $500,000 per occurrence;
(iv) comprehensive automobile liability insurance with a combined single limit of at least $1,000,000 per occurrence for claims arising out of any owned, non-owned or hired automobiles; (v) adequate
business interruption insurance to cover a period of not less than twelve (12) months and (vi) such other insurance and amounts of insurance as are either (1) required by any Lender, (2) reasonably required by Landlord, or
(3) customarily carried by tenants of similar property in similar businesses. 
 B. Where applicable and required by Landlord, each
policy of insurance required to be carried by Tenant pursuant to this ¶9.1: (i) shall name Landlord and such other parties in interest as Landlord reasonably designates as additional insured; (ii) shall be primary and not secondary or
contributing; (iii) shall be in a form and carried with companies reasonably acceptable to Landlord; (iv) shall provide that such policy shall not be subject to cancellation, lapse or chance except after at least 30 days prior written
notice to Landlord; (v) shall not have a “deductible” in excess of such amounts as are approved by Landlord; and (vi) shall contain a cross liability endorsement and a “severability” clause. 

C. A copy of each paid-up policy evidencing the insurance required to be carried by Tenant pursuant to
this ¶9.l (appropriately authenticated by the insurer) shall be delivered to Landlord prior to the time Tenant or any of its Agents enters the Premises and upon renewal of such policies, but not less than 5 days prior to the expiration of the
term of such coverage. In lieu of delivering the policy, Tenant may substitute a certificate issued by the insurer in form and content satisfactory to Landlord in Landlord’s sole discretion. If Tenant fails to procure and maintain such
insurance, Landlord may, but need not, procure and maintain the same, and Tenant shall pay Landlord as Additional Rent the cost thereof, including an amount sufficient to reimburse Landlord for all overhead and costs, and expenses arising from
Landlord’s involvement with such insurance. 
 9.2 Landlord’s Insurance: Landlord shall maintain a policy or policies of fire and property
damage insurance insuring Landlord (and such others as Landlord may designate) from physical damage to the Project in commercially reasonable amounts determined by Landlord from time to time, and if Landlord elects, a commercial general liability
policy. Such insurance may be endorsed to cover loss caused by such additional perils against which Landlord reasonably requires, and shall contain reasonable “deductibles” which, in case of earthquake and flood insurance, may be up to
such amount as is then commercially reasonable. Landlord shall not be required to cause such insurance to cover any of Tenant’s Alterations or trade fixtures. 

  
 5 

 9.3 Release and Waiver of Subrogation: The parties hereto release each other, and their respective
agents and employees, from any liability for injury to any person or damage to property that is caused by or results from any risk insured against under any valid and collectible insurance policy carried by either of the parties or required under
this Lease which contains a waiver of subrogation by the insurer and is in force at the time of such injury or damage; subject to the following limitations: (i) the foregoing provision shall not apply to the commercial general liability
insurance described by subparagraphs ¶9.1A; and (ii) Tenant shall not be released from any such liability to the extent any damages resulting from such injury or damage are not covered by the recovery obtained by Landlord from such
insurance, but only if the insurance in question permits such partial release in connection with obtaining a waiver of subrogation from the insurer. Each party shall cause each insurance policy obtained by it to provide that the insurer waives all
right of recovery by way of subrogation against the other party and its agents and employees. 
 ARTICLE 10 

LIMITATION ON LANDLORD’S LIABILITY AND INDEMNITY 

10.1 Limitation on Landlord’s Liability: Landlord shall not be liable to Tenant, nor shall Tenant be entitled to terminate this Lease or to any
abatement of rent, for any injury to Tenant or Tenant’s Agents, damage to the property of Tenant or Tenant’s Agents, or loss to Tenant’s business resulting from any cause whatsoever. In no event shall Landlord be liable to Tenant for
any damages by reason of loss of profits, business interruption or other consequential damages. 
 10.2 Limitation on Tenant’s Recourse: Tenant
shall have recourse only to the interest of Landlord in the Project for the satisfaction of the obligations of Landlord and shall not have recourse to any other assets of Landlord or to the assets of any officers, directors, trustees, partners,
joint venturers, members, managers, owners, stockholders, or other principals, employees or representatives of Landlord for the satisfaction of such obligations. The obligations of Landlord shall not constitute personal obligations of the owners,
shareholders, officers, directors, trustees, partners, joint venturers, members, managers or other principals, employees or representatives of Landlord. 

10.3 Indemnification of Landlord: Tenant shall hold harmless, indemnify and defend Landlord, and its employees, agents and contractors, with competent
counsel reasonably satisfactory to Landlord, from all liability, penalties, losses, damages, costs, expenses, causes of action, claims and/or judgments arising from or relating to (i) any cause or causes whatsoever occurring in or about or
resulting from an occurrence in or about the Premises during the Lease Term, (ii) the negligence or willful misconduct of Tenant or Tenant’s Agents, wherever the same may occur, or (iii) an Event of Tenant’s Default. The
provisions of this ¶10.3 shall survive the expiration or sooner termination of this Lease. 
 ARTICLE 11 

DAMAGE TO PREMISES 
 11.1
Landlord’s Duty to Restore: If the Premises are damaged by any peril, Landlord shall restore the Premises unless the Lease is terminated by Landlord pursuant to ¶11.2. All insurance proceeds available from the fire and property
damage insurance carried by Landlord pursuant to ¶9.2 shall be paid to and become the property of Landlord. Landlord’s obligation to restore shall be limited to the Premises and interior improvements constructed by Landlord as they existed
as of the Commencement Date, excluding any Tenant’s Alterations, trade fixtures and/or personal property. Tenants shall forthwith replace or fully repair all Tenant’s Alterations and trade fixtures existing at the time of the damage. 

11.2 Landlord’s Right to Terminate: Landlord shall have the right to terminate this Lease in the event any of the following occurs: (i) either
the Project or the Building is damaged by an Insured Peril to such an extent that the estimated cost to restore exceeds 33% of the then actual replacement cost thereof; (ii) either the Project or the Building is damaged by an Uninsured Peril to
such an extent that the estimated cost to restore exceeds 2% of the then actual replacement cost thereof; or (iii) the Premises are damaged by any peril within 12 months of the last day of the Lease Term. As used herein, “Insured
Peril’’ shall mean a peril actually insured against for which the insurance proceeds actually received by Landlord are sufficient (except for any “deductible” amount specified by such insurance) to restore the Project under
then-existing building codes to the condition existing immediately prior to the damage; and “Uninsured Peril” shall mean any peril which is not an Insured Peril. Not withstanding the foregoing, if the “deductible” for earthquake
or flood insurance exceeds 2% of the replacement cost of the improvements insured, such peril shall be deemed an “Uninsured Peril”. 
 11 .3
Abatement of Rent: In the event of damage to the Premises which does not result in the termination of this Lease, the Base Monthly Rent and the Additional Rent shall be temporarily abated during the period of restoration in proportion to the
degree to which Tenant’s use of the Premises is impaired by such damage, but only to the extent Landlord actually receives rental or business interruption proceeds. Tenant shall not be entitled to any compensation or damages from Landlord for
the loss of Tenant’s business or property caused by such damage or restoration. Tenant hereby waives the provisions of California Civil Code Section 1932(2) and 1933(4) and the provisions of any similar law hereinafter enacted. 

ARTICLE 12 

CONDEMNATION 
 12.1
Landlord’s Termination Right: Landlord shall have the right to terminate this Lease if, as a result of a condemnation, all or any part of the Premises or Building is so taken, or more than 50% of the Common Area is so taken. 

12.2 Tenant’s Termination Right: Tenant shall have the right to terminate this Lease if, as a result of any condemnation, 10% or more of the
Premises is taken and the remaining part of the Premises cannot be restored within a reasonable period of time and thereby made reasonably suitable for the continued operation of the Tenant’s business. 

12.3 Abatement of Rent: If any part of the Premises is taken by condemnation and this Lease is not terminated, Base Monthly Rent shall be reduced in the
same proportion that the floor area of that part of the Premises so taken (less any addition thereto by reason of any reconstruction) bears to the original floor area of the Premises. 

12.4 Division of Condemnation Award: Any award made as a result of any condemnation of the Premises or the Common Area shall belong to and be paid to
Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any such award. Tenant hereby waives any and all rights it might otherwise have pursuant to Section 1265.130 of the California Code of Civil Procedure. 

  
 6 

 ARTICLE 13 

DEFAULT AMD REMEDIES 
 13.1
Events of Tenant’s Default: Tenant shall be in default of its obligations under this Lease if any of the following events occurs (an “Event of Tenant’s Default”): 

A. Tenant shall have failed to pay Base Monthly Rent or Additional Rent when due, or 

B. Tenant shall have failed to perform any term, covenant or condition of this Lease, other than those described in this ¶13.1, and Tenant
shall have failed to cure such breach within 30 days after written notice from Landlord specifying the nature of such breach where such breach could reasonably be cured within said 30 day period, or if such breach could not reasonably be cured
within said 30 day period, Tenant shall have failed to commence such cure within said 30 day period and thereafter continue with due diligence to prosecute such cure to completion within such time period as is reasonably needed; or 

C. Tenant shall have sublet the Premises or assigned its interest in the Lease in violation of the provisions contained in Article 14; or 

D. Tenant shall have abandoned the Premises or left the Premises substantially vacant; 

E. (i) The making by Tenant of any general arrangements or assignments for the benefit of creditors; (ii) Tenant becomes a
“debtor” as defined in 11 USC 101 or any successor statute thereto (unless, in the case of a petition filed against Tenant, the same is dismissed within 60 days): (iii) the appointment of a trustee or receiver to take possession of
substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where possession is not restored to tenant within 30 days; or (iv) the attachment, execution or other judicial seizure of
substantially all of Tenant’s assets located at the Premises or of Tenant’s interests in this Lease, where such seizure is not discharged within 30 days; provided, however, in the event that any provision of this ¶13.1E is contrary to
any applicable law, such provision shall be of no force or effect; or 
 F. Tenant shall have failed to deliver documents required of it
pursuant to ¶15.4 or ¶15.6 within the time periods specified therein. 
 13.2 Landlord’s Remedies: If an Event of Tenant’s Default
occurs, Landlord shall have the following rights and remedies: 
 A. This Lease shall not terminate unless Landlord gives Tenant written
notice of its election to terminate and no act by or on behalf of Landlord intended to mitigate the adverse effect of such breach shall constitute a termination of Tenant’s right to possession unless Landlord gives Tenant written notice of
termination. Should Landlord not terminate this Lease by giving Tenant written notice, Landlord may enforce all of its rights and remedies under this Lease or available at law or in equity, including (i) the right to perform Tenant’s
obligations and be reimbursed by Tenant for the cost thereof together with interest at the Agreed Interest Rate from the date any sum is paid by Landlord until Landlord is reimbursed by Tenant, and (ii) the remedy described in California Civil
Code Section 1951.4 (Landlord may continue Lease in effect after Tenant’s breach and abandonment and recover rent as it becomes due, if Tenant has right to sublet or assign, subject only to reasonable limitations). 

B. Landlord may terminate this Lease, in which event Landlord shall be entitled, at Landlord’s election, to damages in an amount as set
forth in California Civil Code Section 1951.2. For purposes of computing damages pursuant to California Civil Code Section 1951.2: (i) an interest rate equal to the Agreed Interest Rate shall be used where permitted, and (ii) the term
“rent” includes Base Monthly Rent and Additional Rent. Such damages shall include: (i) The worth at the time of award of any unpaid rent which has been earned at the time of such termination; plus (ii) The worth at the time of
award of the amount by which the unpaid rent which would have been earned after termination until the time of sward exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus (iii) the worth at the time
of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided, computed by discounting such amount at the discount rate of
the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%); and (iv) any other amount necessary to compensate Landlord for all detriment proximately caused by Tenant’s failure to perform Tenant’s obligations
under this Lease, or which in the ordinary course of things would be likely to result therefrom. 
 C. The remedies set forth herein are not
intended to be exclusive and shall be in addition to the rights and remedies granted to Landlord by Law or in equity. Nothing in this ¶13.2 shall limit Landlord’s right to indemnification from Tenant as provided in ¶7.2 and
¶10.3. Any notice given by Landlord in order to satisfy the requirements of ¶13.1A or ¶13.1B above shall also satisfy the notice requirements of California Code of Civil Procedure Section 1161 regarding unlawful detainer
proceedings. 
 13.3 Waiver: Landlord’s consent to or approval of any set by Tenant requiring Landlord’s consent or approval shall not be
deemed to waive or render unnecessary Landlord’s consent to or approval of any subsequent similar act by Tenant. The receipt by Landlord of any rent or payment with or without knowledge of the breach of any provision hereof shall not be deemed
a waiver of or consent to any such breach unless such waiver is in writing and signed by Landlord. No delay or omission in the exercise of any right or remedy accruing to Landlord upon any breach by Tenant shall impair such rights or remedy or be
construed as a waiver of any such breach theretofore or thereafter occurring. The waiver by either party of any breach of any provision of this Lease shall not be deemed to be a waiver of any subsequent breach of the same or of any other provisions
herein contained. Landlord’s act of cashing any check shall not under any circumstances constitute consent to any holdover, tenancy, or other matter requiring Landlord’s consent, nor a waiver of any rights of Landlord. nor shall Landlord
be thereby estopped, nor shall Tenant obtain thereby any other rights, provided that within thirty (30) days of receipt, Landlord returns the funds to Tenant. 

13.4 Waiver by Tenant of Certain Remedies: Tenant waives the provisions of Sections 1932(1), 1941 and 1942 of the California Civil Code and any similar
or successor law regarding Tenant’s right to terminate this Lease or to make repairs and deduct the expenses of such repairs from the rent due under this Lease. Tenant hereby waives any right of redemption or relief from forfeiture under the
laws of the State of California, or under any other present or future law, including the provisions of Sections 1174 and 1179 of the California Civil Code of Civil Procedure. 

  
 7 

 ARTICLE 14 

ASSIGNMENT AND SUBLETTING 
 14.1
Transfer By Tenant: The following provisions shall apply to any assignment, subletting or other transfer by Tenant or any subtenant or assignee or other successor in interest of the original Tenant (collectively referred to in this
“¶14.1 as “Tenant”): 
 A. Tenant shall not do any of the following (collectively referred to herein as a
“Transfer”), whether voluntarily, involuntarily or by operation of law, without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed: (i) sublet all or any part of the Premises or allow it
to be sublet, occupied or used by any person or entity other than Tenant or assign its interest in this Lease; or (ii) amend, terminate, or modify an assignment, sublease or other transfer that has been previously approved by Landlord. In no
event shall Tenant mortgage or encumber the Lease (or otherwise use the Lease as a security device). Notwithstanding the foregoing, however, neither an assignment of the Premises to a transferee which is the resulting entity of a merger or
consolidation of Tenant with another entity, nor an assignment or subletting of all or a portion of the Premises to an affiliate of Tenant (an entity which is controlled by, controls, or is under common control with, Tenant), shall be deemed a
Transfer, provided that Tenant notifies Landlord in writing at least thirty days in advance of any such assignment or sublease, and promptly supplies Landlord with any documents or information reasonably requested by Landlord regarding such Transfer
or transferee, that the tangible net worth of such transferee is not less than Tenant’s net worth as of the date of this Lease, and that such assignment or sublease is not a subterfuge by Tenant to avoid its obligations under this Lease. Any
attempted Transfer without Landlord’s consent shall constitute an Event of Tenant’s Default and shall be voidable at Landlord’s option. No Transfer, even with the consent of Landlord, shall relieve Tenant of its personal and primary
obligation to pay the rent and to perform all of the other obligations to be performed by Tenant hereunder. Tenant shall reimburse Landlord for all reasonable costs, expert consultant’s fees, and attorneys’ fees in connection with the
processing and/or documentation of a requested Transfer, whether or not Landlord’s consent is given. 
 B. At least 30 days before a
proposed Transfer is to become effective, Tenant shall give Landlord written notice of the proposed terms of such Transfer and request Landlord’s approval, which notice shall include the name and legal composition of the proposed transferee, a
current financial statement and financial statements of the transferee covering the preceding three years if the same exist, all of which statements prepared in accordance with generally accepted accounting principles, the nature of the proposed
transferee’s business to be carried on in the Premises, and the form of Transfer agreement to be used. Tenant shall provide to Landlord such other information as may be reasonably requested by Landlord, and Tenant shall immediately notify
Landlord of any material modification to the proposed terms of such Transfer. 
 C. If Landlord consents to a Transfer proposed by Tenant,
Tenant may enter into such Transfer, and if Tenant does so, the following shall apply: 
 (1) Tenant shall not be released of its liability
for the performance of all of its obligations under the Lease. 
 (2) If Tenant assigns its interest in this Lease, then Tenant shall pay to
Landlord 50% of all Subrent (as defined in ¶14.1(C(4)) received by Tenant over and above (i) the assignee’s agreement to assume the obligations of Tenant under this Lease, and (ii) all Permitted Transfer Costs related to such
assignment. In the case of assignment, the amount of Subrent owed to Landlord shall be paid to Landlord on the same basis, whether periodic or in lump sum, that such Subrent is paid to Tenant by the assignee. 

(3) If Tenant sublets any part of the Premises, then with respect to the space so subleased, Tenant shall pay to Landlord 50% of the positive
difference, if any, between (i) all Subrent paid by the subtenant to Tenant, less (ii) the sum of all Base Monthly Rent and Additional Rent allocable to the space sublet and all Permitted Transfer Costs related to such sublease. Such
amount shall be paid to Landlord on the same basis, whether periodic or in lump sum, that such Subrent is paid to Tenant by its subtenant. In calculating Landlord’s share of any periodic payments, all Permitted transfer Costs shall be first
recovered by Tenant. 
 (4) As used in this ¶14.1C, the term “Subrent” shall mean any consideration of any kind received, or
to be received, by Tenant as a result of the Transfer, if such sums are related to Tenant’s interest in this Lease or in the Premises, including payments from or on behalf of the transferee (in excess of the book value thereof) for
tenant’s assets, fixtures, leasehold improvements, inventory, accounts, goodwill, equipment, furniture, and general intangibles. As used in this ¶14.1C, the term “Permitted Transfer Costs” shall mean (i) all reasonable
leasing commissions paid to third parties not affiliated with Tenant in order to obtain the Transfer in question, and (ii) all reasonable attorneys’ fees incurred by Tenant with respect to the Transfer in question. 

D. In the event of a proposed assignment or subletting, Landlord shall also have the right by notice to Tenant, to terminate this Lease in the
event of an assignment as to all of the Premises and, in the event of a sublease, as to the subleased portion of the Premises and to require that all or part, as the case may be, of the Premises be surrendered to Landlord for the balance of the
Lease Term (collectively “Recapture the Lease”). Notwithstanding the previous sentence, if, before entering into a proposed assignment or sublease, Tenant gives written notice to Landlord of Tenant’s intention to sublease or assign,
and Landlord does not within fifteen (15) business days after Landlord’s actual receipt of such written notice and all information requested by Landlord relating to such proposed assignment or subletting, inform Tenant that Landlord
intends to Recapture the Lease, then Landlord may not Recapture the Lease by reason of such proposed assignment or subletting, provided that: (i) if Landlord consents to the proposed assignment or subletting, Tenant shall complete such
assignment or sublease within one hundred twenty (120) days after the end of such fifteen (15) day period, and (ii) nothing contained in this Section 14.1D shall be deemed to waive any of Landlord’s rights to approve or
disapprove a Transfer as provided in this Section 14.1. 
 ARTICLE 15 

GENERAL PROVISIONS 
 15.1
Landlord’s Right to Enter: Landlord and its agents may enter the Premises at any reasonable time after giving reasonable telephonic notice to Tenant (and immediately in case of emergency) for any reasonable purpose including, without
limitation, making repairs, showing the Premises to prospective purchasers, mortgagees or tenants and posting upon the Premises notices or ordinary “for lease” signs or “for sale” signs. Landlord shall have the right to use any
and all means Landlord may deem necessary and proper to enter the Premises in an emergency. Any entry into the Premises obtained by Landlord in accordance with this ¶15.1 shall not be forcible or unlawful entry into, or a detainer of, the
Premises, or an actual or constructive eviction of Tenant from the Premises. 

  
 8 

 15.2 Surrender of the Premises: Upon the expiration or sooner termination of this Lease, Tenant shall
vacate and surrender the Premises to Landlord in the same condition as existed at the Commencement Date, reasonable wear and tear excepted (provided such wear and tear could not have been avoided by use of best maintenance and repair practices and
compliance with Tenant’s obligations under this Lease). Notwithstanding anything to the contrary contained herein, on or before the expiration of the Lease Term or any earlier termination of this Lease, Tenant shall, at Tenant’s sole cost
and expense and in compliance with the National Electric Code and other applicable laws, remove all electronic, fiber, phone and data cabling and related equipment that has been installed by or for the exclusive benefit of Tenant in or around the
Premises (collectively. the “Cabling”); provided, however, Tenant shall not remove the Cabling if Tenant receives a written notice from Landlord at least fifteen (15) days prior to the expiration of the Lease authorizing all or any
portion of the Cabling to remain in place, in which event the Cabling or portion thereof authorized by Landlord remain at the Premises shall be surrendered with the Premises upon expiration or earlier termination of this Lease. If the Premises are
not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Premises to the required condition, plus interest on all costs incurred at the Agreed Interest Rate. Tenant
shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Premises. 
 15.3 Holding Over: This Lease
shall terminate without further notice at the expiration of the Lease Term. Any holding over by Tenant after expiration of the Lease Term shall not constitute a renewal or extension of the Lease or give Tenant any rights in or to the Premises except
as expressly provided in this Lease. Any holding over after such expiration with the written consent of Landlord shall be construed to be a tenancy from month to month on the same terms and conditions herein specified insofar as applicable
(including all Additional Rent) except that Base Monthly Rent shall be increased to an amount equal to 150% of the Base Monthly Rent payable during the last full calendar month of the Lease Term. Holding over without Landlord’s written consent
shall be only a tenancy at sufferance and terminable immediately upon written notice from Landlord to Tenant. 
 15.4 Subordination: This Lease is
subject and subordinate to all Security Instruments now or hereafter encumbering the Premises. However, if any Lender so requires, this Lease shall become prior and superior to any such Security Instrument. Tenant shall upon request execute any
document or instrument reasonably required by any Lender to make this Lease either superior or subordinate to a Security Instrument, which may include such other matters as the Lender reasonably requires in connection with such agreements.
Tenant’s failure to execute any such document or instrument within 10 days after written demand therefor shall constitute an Event of Tenant’s Default. 

15.5 Attornment; Transfer: Tenant shall attorn to any purchaser of the Premises at any foreclosure sale or private sale conducted pursuant to any
Security Instrument encumbering the Premises, or to any grantee or transferee designated in any deed given in lieu of foreclosure. Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project and
Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of
Landlord’s obligations hereunder after the date of transfer. 
 15.6 Estoppel Certificates: At all times during the Lease Term Tenant agrees to
execute and deliver to Landlord within 10 days following delivery of Landlord’s request an estoppel certificate certifying such information about the Lease and such financial information of Tenant as may be reasonably requested by Landlord.

 15.7 Notices: Any notice required or desired to be given regarding this Lease shall be in writing and may be given by personal delivery, by
facsimile telecopy, or by mail. A notice shall be deemed to have been given (i) on the third business day after mailing if such notice was deposited in the United States mail, certified or registered, postage prepaid, addressed to the party to
be served at its Address for Notices specified in Section Q or Section R of the Summary (as applicable), (ii) when delivered if given by personal delivery, and (iii) in all other cases when actually received at the party’s
Address for Notices. Either party may change its address by giving notice of the same in accordance with this ¶15.7, provided, however, that any address to which notices may be sent must be a California address. 

15.8 Attorneys’ Fees: If either Landlord or Tenant shall bring any action or legal proceeding for an alleged breach of any provision of this Lease,
to recover rent, to terminate this Lease or otherwise to enforce, protect or establish any term or covenant of this Lease, the prevailing party shall be entitled to recover as a part of such action or proceeding, or in a separate action brought for
that purpose, reasonable attorneys’ fees, court costs, and experts’ fees as may be fixed by the court. 
 15.9 Corporate Authority: If
Tenant is a corporation or partnership or limited liability company, each individual executing this Lease on behalf of Tenant represents and warrants that he or she is duly authorized to execute and deliver this Lease on behalf of such corporation
or partnership or limited liability company and that this Lease is binding upon such corporation or partnership or limited liability company in accordance with its terms. 

15.10 Miscellaneous: Time is of the essence of this Lease. This Lease shall, subject to the provisions regarding Transfer, apply to and bind the
respective heirs, successors, executors, administrators and assigns of Landlord and Tenant. If Tenant consists of more than one person or entity, then all members of Tenant shall be jointly and severally liable hereunder. The language in all parts
of this Lease shall in all cases be construed as a whole according to its fair meaning, and not strictly for or against either Landlord or Tenant. Landlord and Tenant agree that (i) the rentable area of the Premises is measured from the
exterior faces of exterior walls to the centerline of interior partitions and includes any atriums, depressed loading docks, covered entrances or egresses, and covered loading areas, and (ii) all measurements of area contained in this Lease are
conclusively agreed to be correct and binding upon the parties for all purposes hereunder, even if a subsequent measurement of any one of these areas determines that it is more or less than the amount of area reflected in this Lease. Any prevention.
delay or stoppage due to inclement weather, inability to obtain labor or materials, governmental restrictions, fire or other acts of God, and other causes beyond the reasonable control of the party obligated to perform (except financial inability)
shall excuse the performance, for a period equal to the period of any said prevention, delay or stoppage, of any obligation hereunder except the obligation of Tenant to pay rent or any other sums due hereunder. This Lease shall be construed and
enforced in accordance with the laws of the State of California. 
 15.11 Entire Agreement: This Lease constitutes the entire agreement between the
parties, and there are no agreements or representations between the parties except as expressed herein. This Lease supercedes and cancels any and all previous negotiations, arrangements, brochures, and understandings, if any, between Landlord and
Tenant. No modification to this Lease shall be effective unless in writing signed by the parties. This Lease shall not be legally binding until fully executed by Landlord and Tenant. 

  
 9 

 15.12 Brokerage Commissions: Each party hereto (i) represents and warrants to the other that it
has not had any dealings with any real estate brokers, leasing agents or salesmen, or incurred any obligations for the payment of real estate brokerage commissions or finder’s fees which would be earned or due and payable by reason of the
execution of this Lease, other than to the Retained Real Estate Brokers described in Section T of the Summary, and (ii) agrees to indemnify, defend, and hold harmless the other party from any claim for any such commission or fees which
result from the actions of the indemnifying party. Landlord shall be responsible for the payment of any commission owed to the Retained Real Estate Brokers if there is a separate written commission agreement between Landlord and the Retained Real
Estate Brokers for the payment of a commission as a result of the execution of this Lease. 
 [SIGNATURES ON NEXT PAGE) 

  
 10 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease to be effective as of the Effective Date.

 LANDLORD 
  
  

													
	 HINES VAF NO CAL PROPERTIES, L.P.,

a Delaware limited partnership

		
	By:	 	Hines VAF No Cal Properties GP LLC,
		 	its general partner
			
		 	By:	 	Hines VAF No Cal Mezz, L.P.,
		 		 	its sole member
				
		 		 	By:	 	Hines VAF No Cal Mezz GP LLC,
		 		 		 	its general partner
					
		 		 		 	By:	 	Hines VAF Northern California, L.P.,
		 		 		 		 	its sole member
						
		 		 		 		 	By:	 	Hines VAF Northern California GP LLC,
		 		 		 		 		 	its general partner
							
		 		 		 		 		 	By:	  	 /s/ James C. Buie

		 		 		 		 		 		  	James C. Buie
		 		 		 		 		 		  	Executive Vice President

 TENANT: 
  

			
	SHOCKWAVE MEDICAL, INC. 
a Delaware corporation
		
	By:	 	 /s/ Daniel Hawkins

	Name:	 	Daniel Hawkins
	Title:	 	CEO
		
	Dated:	 	8-16-12

  

			
	By:	 	
                     
        

	Name:	 	  

	Title:	 	  

		
	Dated:	 	  

 EXHIBIT A 

THE PROJECT 
  

 

 EXHIBIT B 

TENANT IMPROVEMENTS 
  

 

 EXHIBIT C 

INTENTIONALLY DELETED 

 EXHIBIT D 

ACCEPTANCE AGREEMENT 
  

					
	To:    	 	
                     
                        
	  	
		 	  
	  	
		 	  
	  	

 Re: Lease dated August 10, 2012 between HINES VAF NO CAL PROPERTIES, LP., a Delaware limited partnership
(“Landlord”), and SHOCKWAVE MEDICAL, INC., Delaware corporation (“Tenant”), concerning Suite 416 of the building located at 48531 Warm Springs Boulevard, Fremont, California. 

Gentlemen: 
 In accordance with the Lease (the
“Lease’’), we wish to advise you and/or confirm as follows: 
 1. The Commencement Date occurred on
                    , 2012 and the Lease Term shall expire on
                    , 2015. 
 2. Base
Monthly Rent commenced to accrue on                         , in the amount of
            . 
 3. If the Commencement Date is other than the first day of the
month, the first billing will contain a pro rata adjustment. Each billing thereafter, with the exception of the final billing, shall be for the full amount of the monthly installment as provided for in the Lease. 

4. Your rent checks should be made payable to
                                         
   at                             . 

“Landlord”: 
 HINES VAF NO CAL PROPERTIES, L.P.,

 a Delaware limited partnership 
  

															
	By:	 	Hines VAF No Cal Properties GP LLC,	  	
		 	its general partner	  	
				
		 	By:	 	Hines VAF No Cal Mezz, L.P.,	  	
		 		 	its sole member	  	
					
		 		 	By:	 	Hines VAF No Cal Mezz GP LLC,	  	
		 		 		 	its general partner	  	
						
		 		 		 	By:	 	Hines VAF Northern California, L.P.,	  	
		 		 		 		 	its sole member	  	
							
		 		 		 		 	By:	 	Hines VAF Northern California GP LLC,	  	
		 		 		 		 		 	its general partner	  	
								
		 		 		 		 		 	By:	  	  
	  	
		 		 		 		 		 		  	James C. Buie	  	
		 		 		 		 		 		  	Executive Vice President	  	

 Agreed to and Accepted as of
                    , 20        . 

 “Tenant”: 
  

			
	SHOCKWAVE MEDICAL, INC. 
a Delaware corporation
		
	By:	 	                                      
                                  
	Name:
                                         
                           
	Title:
                                         
                             

 EXHIBIT E 

Sign Criteria 
 The
criterion establishes the uniform policy for Tenant sign identification within the WARM SPRINGS BUSINESS CENTER, Fremont, California. The criterion has been established for the purpose of maintaining the overall appearance of the Business Park.
Conformance will be strictly enforced. Any sign installed that does not conform to the Sign Criteria will be brought into conformity or removed at the expense of the Tenant. 

A. General Requirements 
 1. Upon execution of
the Lease, Tenant shall contact the Management Company for the lettering and installation of the sign. All signage is subject to the prior approval of the Landlord. 

2. Tenant shall be allowed only building standard signage. No advertising placards, merchandise, banners, pennants, names, insignia,
trademarks, or their descriptive material shall be affixed or maintained in a fashion to be displayed to the exterior of the suite, on the glass panes or in the windows of the building. No alarm company stickers larger than 3.5” x 2.5”
will be allowed. 
 3. Tenant shall be limited to one building mounted business identification sign. Tenant leasing more than {1) unit must
install a minimum of one sign. All tenants are required to install at least the standard vinyl window signage at the main entrance of their premises. 

4. Under this Lease, Tenant shall be solely responsible for the cost of lettering and installation for all sign(s). The sign blank shall remain
the property of the Landlord. 
 5. Landlord shall direct placement of all Tenant signs and methods of attachment to the building. All signs
shall be placed in the sign area provided. 
 6. Maintenance of the building mounted signs is the responsibility of the Tenant. 

 ACKNOWLEDGMENT 

THE UNDERSIGNED HEREBY ACKNOWLEDGES THAT IT (Mark One): 
  

			
	                        	  	Does not use any hazardous materials other than minor amounts of reproduction and janitorial chemicals consistent with routine office uses. (no need to fill out the attached Hazardous Materials Questionnaire.)
		
	                        	  	Does not use hazardous materials in a manner or in a quantity requiring the preparation of a hazardous material management plan or any other documents under California Health and Safety Code Section 25503.5 (Please fill out the
attached Hazardous Materials Questionnaire.)
		
	                        	  	Uses only those chemicals identified in the attached questionnaire in accordance with the provisions of the attached hazardous material management plan, which has been approved by the Fire Department of the City of
                             and is in full force and effect. 
Please fill out the attached Hazardous
Materials Questionnaire and attach copy of your Hazardous Materials Management Plan.)

 THE UNDERSIGNED FURTHER ACKNOWLEDGES THAT IT HAS COMPLIED IN ALL RESPECTS TO THE PROVISIONS OF THE LOCAL, STATE AND FEDERAL
LAW AND THE HAZARDOUS MATERIALS MANAGEMENT PLAN ATTACHED HERETO IN CONNECTION WITH ITS STORAGE, USE AND DISPOSAL OF HAZARDOUS MATERIALS AND THAT IT HAS DISPOSED OF HAZARDOUS MATERIALS ONLY BY (1) DISCHARGE TO APPROPRIATELY TREATED WASTE TO A
PUBLICLY OWNED TREATMENT WORK IN ACCORDANCE WITH A VALID AND ENFORECEABLE WASTE DISCHARGE PERMIT AND (2) DELIVERY OF HAZARDOUS WASTES TO A PROPERLY LICENSED WASTE DISPOSAL AGENT. 

IN WITNESS WHEREOF, the undersigned, an authorized officer of the aforementioned company has executed this acknowledgment as of the date written below. 

 

			
	  

	(Company Name)
		
	a	 	
                    

		
	By:	 	
                    

	
	  

	(Print Name and Title)

 EXHIBIT F 

HAZARDOUS SUBSTANCES SURVEY FORM 

The purpose of this form is to obtain information regarding the use of Hazardous Substances on the Premises. Prospective lessees should answer the questions
in light of their proposed operations on the Premises. Existing lessees should answer the questions as they relate to ongoing operations on the Premises and should update any information previously submitted. If additional space is needed to answer
the questions, you may attach separate sheets of paper to this form. 
 Your cooperation in this matter is appreciated. Any questions should be directed to,
and when completed, the form should be mailed to: 
  
  

 
  

 
  

	1.	 GENERAL INFORMATION 

Company Name:
                                         
                                         
                                         
                                         

 Check Applicable Status: Prospective Lessee: ___________________ Current Lessee:
                                         
            
 Mailing Address:
                                         
                                         
                                         
                                        

 
  

Contact Person & Title:
                                         
                                         
                                         
                               

Phone #: ( )
                                         
                                         
                                         
                                         
        
 Address of Premises:
                                         
                                         
                                         
                                  

Describe the proposed operations to take place on the Premises, including principal products manufactured or services to be conducted. Existing lessees should
describe any proposed changes to ongoing operations. 
  
  

 
  
  

 
  

	2.	 STORAGE OF HAZARDOUS SUBSTANCES 

 

	2.1	 Will any Hazardous Substances be used or stored on the Premises? 

 

							
	Wastes	  	Yes ___________	  	No _____________	  	                
	Chemical Products	  	Yes ___________	  	No _____________	  	

 Attach the list of any Hazardous Substances to be used or stored, the quantities that will be on site at any given time,
and the location and method of storage. 
  

	3.	 STORAGE TANKS & SUMPS 

 

	3.1	 Is any above or belowground storage of gasoline, diesel, or other Hazardous Substances in tanks or sumps
proposed or currently conducted on the Premises? 

 Yes ____________ No _____________ 

If yes, describe the materials to be stored, and the type, size and construction of the sump or tank. Attach copies of any permits obtained for
the storage of such substances. 
  
  

 
  

 

	3.2	 Have any of the tanks or sumps been inspected or tested for leakage? 

Yes ____________ No _____________ 

If so, attach results. 
  

	3.3	 Have any spills or leaks occurred from such tanks or sumps? 

Yes ____________ No _____________ 
 If so,
describe. If so, describe. 
  
  

 
  

 

	3.4	 Were any regulatory agencies notified of the spill or leak? 

 Yes ____________ No _____________ 

If so, attach copies of any spill reports filed, any clearance letters or other correspondence from regulatory agencies relating to the spill
or leak. 
  

	3.5	 Have any underground storage tanks or sumps been taken out of service or been removed? 

Yes ____________ No _____________ 

If yes, attach copies of any closure permits and clearance obtained from regulatory agencies relating to closure and removal of such tanks.

  

	4.	 SPILLS 

  

	4.1	 During the past year, have any spills occurred on the Premises? 

Yes ____________ No _____________ 

If so, please describe the spill and attach the results of any testing conducted to determine the extent of such spills. 

 

	4.2	 Were any agencies notified In connection with such spills? 

Yes ____________ No _____________ 

If so, attach copies of any spill reports or other correspondence with regulatory agencies. 

 

	4.3	 Were any cleanup actions undertaken in connection with the spill? 

Yes ____________ No _____________ 

If so, briefly describe the actions taken. Attach copies of any clearance letters obtained from any regulatory agencies involved and the
results of any final soil or ground water sampling done upon completion of the cleanup work. 
  

 
  

 
  

 
  

 
  

	5.	 WASTE MANAGEMENT 

 

	5.1	 Has your company been issued an EPA Hazardous Waste Generator I.D. Number? 

Yes ____________ No _____________ 
  

	5.2	 Has your company filed a biennial report as a hazardous waste generator? 

Yes ____________ No _____________ 

If so, attach a copy of the most recent report files. 
  

	5.3	 Attach a list of the Hazardous Substances, if any, generated or to be generated at the Premises, its hazard
class and the quality generated on a monthly basis. 

  

	5.4	 Describe the method(s} of disposal for each substance. Indicate where and how often disposal will take place.

  
  

 
  

 
  

 
  

 

			
		
	5.5	 	Indicate the name of the person(s) responsible for maintaining copies of hazardous manifests completed for off-site shipments of Hazardous Substances.
		
		 	  

		
	5.6	 	Is any treatment or processing of Hazardous Substances currently conducted or proposed to be conducted at the Premises:
		
		 	Yes                            
No                    
		
		 	If yes, please describe any existing or proposed treatment methods.
		
		 	  

		
		 	  

		
		 	  

		
		 	  

		
	5.7	 	Attach copies of any hazardous waste permits or licenses issued to your company with respect to its operations on the Premises.
		
	6.	 	WATER TREATMENT / DISCHARGE
		
	6.1	 	Do you discharge waste water to:
		
		 	                    storm
drain?                                sewer?
		
		 	                    surface
water:                              no industrial discharge.
		
	6.2	 	Is your wastewater treated before discharge?
		
		 	Yes                            
No                    
		
		 	If yes, describe the type of treatment conducted.
		
		 	  

	
	Attach copies of any wastewater discharge permits issued to your company with respect to its operations on the Premises.
		
	7.	 	AIR DISCHARGES
		
	7.1	 	Do you have any filtration systems or stacks that discharge into the air?
		
		 	Yes                            
No                    
		
	7.2	 	Do you operate any of the following types of equipment, or any other equipment requiring an air emissions permit?
		
		 	                        Spray booth
		
		 	                        Dip tank
		
		 	                        Drying oven
		
		 	                        Incinerator
		
		 	                        Other            
                            
		
		 	                        No Equipment Requiring Air Permits
		
	7.3	 	Are air emissions from your operation monitored?
		
		 	Yes                            
No                    
		
		 	If so, indicate the frequency of monitoring and a description of the monitoring results.
		
		 	  

	7.4	 Attach copies of any air emissions permits pertaining to your operations on the Premises.

  

	8.	 HAZARDOUS SUBSTANCES DISCLOSURES 

 

	8.1	 Does your company handle Hazardous Substances in a quantity equal to or exceeding an aggregate of 500 pound, 5
gallons, or 200 cubic feet? 

 Yes ____________ No _____________ 

 

	8.2	 Has your company prepared a Hazardous Substances management plan (“Business Plan”) pursuant to the
Fire Department requirements for the County in which the Premises is located? 

 Yes ____________ No _____________ 

 

	8.3	 Are any of the chemicals used in your operation regulated under Proposition 65? 

Yes ____________ No _____________ 

If so, describe the actions taken, or proposed actions to be taken, to comply with the proposition. 

 

	8.4	 Describe the procedure followed to comply with OSHA Hazard Communication Standard requirements.

  

	9.	 ENFORCEMENT ACTIONS, COMPLAINTS 

 

	9.1	 Has your company ever been subject to any agency enforcement actions, administrative orders, or consent
decrees? 

 Yes ____________ No _____________ 

If so, describe the actions and any continuing compliance obligations Imposed as a result of these actions. 

 

	9.2	 Has your company ever received requests for information, notice or demand letters, or any other inquiries
regarding its operation? 

 Yes ____________ No _____________ 

 

	9.3	 Have there ever been, or are there now pending, any lawsuits against the company regarding any environmental or
health and safety concerns? 

 Yes ____________ No _____________ 

 

	9.4	 Has an environmental audit ever been conducted at your company’s current facility? 

Yes ____________ No _____________ 
  

	9.5	 Have there been any problems or complaints from neighbors at the company’s current facility?

 Yes ____________ No _____________ 
  

			
	  
	 	
	Company	 	
		
	By:                                     
                            	 	
		
	Title:                                     
                        	 	
		
	Date:                                     
                        	 	

 FIRST AMENDMENT TO LEASE 

THIS FIRST AMENDMENT TO LEASE dated August 30, 2013 (this “First Amendment”) is entered into by and between HINES VAF
NO CAL PROPERTIES, L.P., a Delaware limited partnership (“Landlord”), and SHOCKWAVE MEDICAL, INC., a Delaware corporation (“Tenant”), with reference to the following: 

RECITALS 

WHEREAS, Landlord and Tenant entered into that certain Lease dated August 10, 2012 (the “Lease”), whereby Tenant leases
certain premises (the “Original Premises”) consisting of approximately 2,527 rentable square feet of rentable area commonly known as Suite 416 of that certain building located at 48531 Warm Springs Boulevard, Fremont, California (the
“48531 Building”). All capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Lease; and 

WHEREAS, Landlord and Tenant desire by this First Amendment to amend the Lease in order to, among other things, (a) expand the
Original Premises leased by Tenant under the Lease to include approximately 6,703 rentable square feet of rentable area commonly known as Suites 107 and 108 (collectively, the “Additional Premises”) located in that certain building located
at 48501 Warm Springs Boulevard, Fremont, California (the “48501 Building”); (b) extend the Lease Term for a forty (40) month period ending on January 31, 2017; (c) provide for the rent to be paid by Tenant for the Expanded
Premises during the Expanded Premises Term (as such terms are hereinafter defined); and (d) further amend, modify and supplement the Lease as set forth herein. 

NOW, THEREFORE, in consideration of the Expanded Premises and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Landlord and Tenant hereby agree as follows: 
 1. Recitals. The Recitals set forth
above are incorporated herein as though set forth in full herein. 
 2. Expansion of the Premises, Effective as of
October 1, 2013 (the “Expansion Commencement Date”), the Original Premises shall be expanded to include the Additional Premises, as shown on Exhibit A and incorporated herein by this reference. Therefore, the Lease is hereby amended
such that, from and after the Expansion Commencement Date, all references in the Lease to the “Premises” shall mean and refer to the entirety of the space in the Original Premises and the Additional Premises, which is approximately nine
thousand two hundred thirty (9,230) rentable square feet of rentable area (the entirety of such space is referred to herein as the “Expanded Premises”). Notwithstanding anything to the contrary contained herein, Landlord shall not be
obligated to deliver possession of the Additional Premises to Tenant until Tenant has provided to Landlord evidence of liability and property insurance coverage covering the Additional Premises pursuant to Section 9.1 of the Lease, the advance
rent pursuant to Section 6 of this First Amendment and the increased Security Deposit pursuant to Section 9 of this First Amendment. 

  
 1 

 3. Extension of Term. Landlord and Tenant acknowledge that the
Lease Term expires according to its terms on August 31, 2015. Notwithstanding anything to the contrary contained in the Lease, Landlord and Tenant agree that the term of the Lease shall be extended such that the Lease shall terminate on
January 31, 2017 (the “New Expiration Date”), unless sooner terminated in accordance with the terms of the Lease. The period from the Expansion Commencement Date through the New Expiration Date shall be referred to herein as the
“Expanded Premises Term.” 
 4. Base Monthly Rent for the Expanded Premises. 

(a) Original Premises. Notwithstanding anything in the Lease to the contrary and in addition to paying all Additional Rent due under the
Lease, Tenant shall pay Base Monthly Rent for the Original Premises during the Expanded Premises Term according to the following schedule: 
  

					
	Period	  	Base Monthly Rent	 
	 October 1, 2013 – August 31, 2014
	  	$	3,411.45	 
	 September 1, 2014 – August 31, 2015
	  	$	3,537.80	 
	 September 1, 2015 – January 31, 2016
	  	$	2,863.09	 
	 February 1, 2016 – January 31, 2017
	  	$	2,948.98	 

 (b) Additional Premises. Notwithstanding anything in the Lease to the contrary and in addition to
paying all Additional Rent due under the Lease, Tenant shall pay Base Monthly Rent for the Additional Premises during the Expanded Premises Term according to the following schedule: 

 

					
	Period	  	Base Monthly Rent	 
	 October 1, 2013 – January 31, 2014
	  	$	0.00	 
	 February 1, 2014 – January 31, 2015
	  	$	7,373.30	 
	 February 1, 2015 – January 31, 2016
	  	$	7,594.50	 
	 February 1, 2016 – January 31, 2017
	  	$	7,822.33	 

 5. Tenant’s Share for the Expanded Premises. Effective as of the Expansion
Commencement Date, Tenant’s Share set forth in Section G of the Summary shall be adjusted to 6.3% to reflect the Expanded Premises. Except as modified by this Section 5, Tenant shall pay Tenant’s Share of the Excess Expenses in
accordance with Article 8 of the Lease. 
 6. Advance Rent. Concurrently with the execution of this First
Amendment, Tenant shall deliver to Landlord a check in the amount of $7,373.30 which constitutes the first installment of Base Monthly Rent for the Additional Premises after the Expansion Commencement Date. 

  
 2 

 7. Condition of the Premises; Improvement Allowance. Except as
expressly provided in this Section 7, Tenant hereby agrees that the Additional Premises shall be taken “as is”, “with all faults”, “without any representations or warranties.” Tenant hereby acknowledges that it has
had an opportunity to investigate and inspect the condition of the Additional Premises and the suitability of same for Tenant’s purposes, and Tenant does hereby waive and disclaim any objection to, cause of action based upon, or claim that its
obligations hereunder should be reduced or limited because of the condition of the Additional Premises, the 48501 Building, the 48531 Building or the Project or the suitability of same for Tenant’s purposes. Except as expressly provided in the
Lease or this First Amendment, Tenant acknowledges that neither Landlord nor any agent nor any employee of Landlord has made any representations or warranty with respect to the Additional Premises, the Original Premises, the 48501 Building, the
48531 Building or the Project or with respect to the suitability of either for the conduct of Tenant’s business and Tenant expressly warrants and represents that Tenant has relied solely on its own investigation and inspection of the Additional
Premises, the 48501 Building, the 48531 Building and the Project in its decision to enter into this First Amendment and let the Additional Premises in an “as is” condition. No promise of Landlord to alter, remodel, repair, or improve the
Additional Premises, the Original Premises, the 48501 Building, the 48531 Building, or the Project, and no representation, express or implied, respecting any matter or thing relating to the Additional Premises, Original Premises, the 48501 Building,
the 48531 Building, Project, or this First Amendment (including, without limitation, the condition of the Additional Premises, the Original Premises, the 48501 Building, the 48531 Building, or the Project) has been made to Tenant by Landlord or its
broker or sales agent other than as may be contained herein or in the Lease. 
 Notwithstanding the foregoing, Landlord shall, at
Landlord’s sole cost and expense using Building standard materials, repair or replace the hot water system in the kitchen of the Original Premises (“Landlord’s Work”) within ninety (90) days of the mutual execution and
delivery of this First Amendment, except to the extent of any delays caused by Tenant or force majeure. Tenant hereby acknowledges that Landlord will be performing Landlord’s Work during the term of the Lease and Landlord’s performance of
such work shall not be deemed a constructive eviction of Tenant, nor shall Tenant be entitled to any abatement of rent in connection therewith. 

The Additional Premises shall be delivered to Tenant on the date possession of the Additional Premises is delivered to Tenant under
Section 8 of this First Amendment (the “Delivery Date”) with (a) the building systems serving the Additional Premises, including the heating, ventilation and air-conditioning, lighting (the
“, electrical, plumbing, roof (the “Roof System”), water and gas systems, other than those constructed or modified by Tenant, in good working order on the Delivery Date, and (b) the HVAC System and Roof System in good working
order for the period commencing on the Delivery Date and ending one hundred eighty (180) days after the Delivery Date (the “Warranty Period”), except to the extent such failure in the HVAC System or the Roof System to be in good
working order is caused by Tenant’s use or alterations to the Additional Premises. If a non-compliance with said warranties exist as of the Delivery Date or the expiration of the Warranty Period, as
applicable, Landlord shall, except as otherwise provided in this First Amendment or the Lease, promptly after receipt of written notice from Tenant setting forth with specificity the nature and extent of such
non-compliance, commence to rectify same at Landlord’s expense. If Tenant does not give Landlord written notice of a non-compliance with respect to the warranty
made in subparagraph (a) above within thirty (30) days of the Delivery Date, or with respect to the warranty made in subparagraph (b) above on or before the expiration of the Warranty Period, correction of that non-compliance shall be the obligation of Tenant at Tenant’s sole cost and expense, except as otherwise provided in the Lease. 

  
 3 

 In addition, Landlord shall provide to Tenant an improvement allowance to pay Tenant’s
costs and expenses (“Improvement Costs”) incurred by Tenant in performing certain improvements to the Additional Premises up to an aggregate maximum amount of Six and No/100 Dollars ($6.00) per rentable square foot of the Additional
Premises (the “Allowance”). Landlord shall pay portions of the Allowance to Tenant from time to time, but not more often than once a month, upon Landlord’s receipt of invoices therefor and unconditional mechanics lien waivers for all
work evidenced by the current month’s invoices. Prior to the commencement of any improvement work, Tenant shall submit detailed construction plans for Landlord’s approval. Landlord shall be paid a construction management fee (the
“Construction Management Fee”) equal to one and one-half percent (1.5%) of the Improvement Costs, not to exceed $1,500.00. The Construction Management Fee shall be included in the Improvement Costs
and Landlord shall deduct the Construction Management Fee from the Allowance. Such improvement work shall be subject to all of the applicable terms and provisions of the Lease, including, without limitation, all of the requirements for Tenant’s
Alterations set forth in Article 5 of the Lease. Concurrently with Tenant’s request for consent to such improvements, Tenant may request in writing that Landlord determine whether such improvements will be required to be so removed and if
Landlord does not require such removal when consent is given, Tenant shall not be obligated to remove such improvements at the expiration or earlier termination of the Lease. Tenant will be responsible for paying all Improvement Costs in excess of
the Allowance. In no event shall Landlord be obligated to make disbursements pursuant to this First Amendment in a total amount which exceeds the Allowance. In the event that the actual Improvement Costs are less than the Allowance, Tenant shall not
be entitled to any credit against rent for any unused portion of the Allowance. If Tenant has not requested payment of any portion of the Allowance by the first anniversary of the date of this First Amendment, then Tenant shall not be entitled to
any further payments of, and shall not have any further right to, such portion of the Allowance. All improvements for which the Allowance has been made available shall be deemed Landlord’s property under the terms of the Lease. Except as
specifically set forth in this First Amendment, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Premises. 

8. Early Occupancy. Tenant shall be entitled to early occupancy of the Additional Premises on September 1,
2013 and continuing until the Expansion Commencement Date (the “Early Occupancy Period”); provided, however, that Tenant complies with all of the terms and conditions of the Lease, as amended by this First Amendment, other than any
covenant to pay Base Monthly Rent and Tenant’s Share of the Excess Expenses with respect to the Additional Premises during the Early Occupancy Period. Notwithstanding the foregoing, Tenant shall not be entitled to early occupancy or possession
of the Additional Premises until Tenant has delivered the advance rent as required under Section 6 above, the increased Security Deposit as required under Section 9 below and evidence of insurance coverage covering the Additional Premises
pursuant to Section 9.1 of the Lease. 

  
 4 

 9. Security Deposit. Concurrently with the execution of this
First Amendment, Tenant shall pay to Landlord the amount of Seven Thousand Two Hundred Thirty Three and 51/100 Dollars ($7,233.51) to increase the Security Deposit under the Lease. The Lease is hereby amended by replacing all references to the
amount of the Security Deposit with the amount of Ten Thousand Seven Hundred Seventy-One and 31/100 Dollars ($10,771.31), the increased amount of the Security Deposit. 

10. Parking. Effective as of the Expansion Commencement Date and continuing throughout the Term, Tenant shall have
the right to use an additional twenty-three (23) non-exclusive and non-designated parking stalls in the Project’s parking facility in connection with
Tenant’s lease of the Additional Premises in accordance with the terms of Section 4.4 of the Lease. These parking spaces are in addition to the parking spaces which the Tenant is entitled to use in connection with the Original Premises.

 11. Option to Extend Lease Term. Tenant shall have one (1) option (the “Option”) to extend the
term of the Lease for a period of two (2) years (the “Option Term”), which Option shall be exercisable by written notice delivered by Tenant to Landlord as provided in subsection (a) below, provided that Tenant has not committed
an Event of Tenant’s Default under the Lease at any time prior to the date of delivery of such notice. The Option is personal to the originally named Tenant in the Lease (the “Original Tenant’) and shall be exercisable by Original
Tenant only if Original Tenant is in possession of one hundred percent (100%) of the Premises. 
 (a) Exercise of Option. The Option
may be exercised by Tenant, if at all, by delivering written notice (the “Option Notice”) to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the Expanded Premises Term stating
that Tenant is exercising the Option. Landlord, after receipt of Tenant’s notice, shall deliver notice (the “Option Rent Notice”) to Tenant within thirty (30) days of Landlord’s receipt of the Option Notice setting forth the
“Option Rent,” as that term is defined in subsection (b) below, which shall be applicable to the Lease during the Option Term. On or before the date ten (10) business days after Tenant’s receipt of the Option Rent Notice,
Tenant may, at its option, object to the Option Rent contained in the Option Rent Notice by delivering written notice thereof to Landlord, in which case the parties shall follow the procedure, and the Option Rent shall be determined, as set forth in
subsection (c) below. If Tenant does not so object within such ten (10) business day period, the Option Rent applicable during the Option Term shall be the amount set forth in the Option Rent Notice. 

(b) Option Rent. The Base Monthly Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the
prevailing annual market rental value for comparable space located in the vicinity of the Project (including additional rent and considering any “base year” or “expense stop” applicable thereto), including all escalations, at
which tenants, as of the commencement of the Option Term, are leasing non-sublease, non-renewal, non-encumbered, non-equity space in comparable buildings for a comparable term. 

  
 5 

 (c) Determination of Option Rent. The Option Rent Notice shall contain
Landlord’s good faith estimate of the Option Rent for the Premises for the Option Term. If Tenant timely and appropriately objects to Landlord’s determination of the Option Rent, then Tenant shall have the right to submit the issue of
Landlord’s reasonableness (but not the prevailing annual market rental value) for neutral binding arbitration (and not by court action) to the American Arbitration Association in accordance with the rules of such Association then in effect.
Tenant shall exercise such right of arbitration by delivering written notice of such election within thirty (30) days after receipt of the Option Rent Notice. If the arbitrators shall decide that Landlord’s determination of the prevailing
annual market rental value was reasonable, then the Option Rent shall be the amount previously determined by Landlord. If the arbitrators shall determine that Landlord acted unreasonably, then Landlord shall redetermine the Option Rent in its sole
but reasonable discretion, provided that Tenant shall again have the right to challenge Landlord’s reasonableness in the manner set forth above. In no event shall the arbitrators be permitted to determine rental value under the Lease. The
decision of the arbitrators shall be binding upon both parties. Each party shall share equally the cost of the arbitration process. 

12. Utility Bills. Upon Landlord’s request, Tenant shall deliver to Landlord copies of all bills for
separately metered utilities supplied to the Premises for the past twelve (12) month period within ten (10) business days of Landlord’s request. Tenant shall provide all necessary authorizations for Landlord to obtain any bills
relating to utility usage at the Premises from the utility provider, including delivering a signed and completed original of the authorization form attached as Exhibit B to this First Amendment to Landlord concurrently with Tenant’s execution
and delivery of this First Amendment to Landlord. If Landlord is unable to obtain the information from the utility provider, Tenant shall provide copies of all utility bills relating to the Premises received after the date of this First Amendment
within ten (10) days of receipt. 
 13. Estoppel. Tenant hereby certifies and acknowledges, that as of the
date hereof (a) to the current actual knowledge of Tenant, Landlord is not in default in any respect under the Lease, (b) Tenant does not have any defenses to its obligations under the Lease, (e) Landlord is holding a Security Deposit
in the amount of $3,537.80 under the Lease (subject to increase as provided in Section 9 above), and (d) there are no offsets against rent payable under the Lease. Tenant acknowledges and agrees that: (i) the representations herein
set forth constitute a material consideration to Landlord in entering into this First Amendment; (ii) such representations are being made by Tenant for purposes of inducing Landlord to enter into this First Amendment; and (iii) Landlord is
relying on such representations in entering into this First Amendment. 
 14. Brokers. Tenant hereby represents
and warrants to Landlord that Tenant has not entered into any agreement or taken any other action which might result in any obligation on the part of Landlord to pay any brokerage commission, finder’s fee or other compensation with
respect to this First Amendment, other than to CBRE, and Tenant agrees to indemnify and hold Landlord harmless from and against any losses, damages, costs or expenses (including without limitation, attorneys’ fees) incurred by Landlord by
reason of any breach or inaccuracy of such representation or warranty. 
 15. Inspection by a CASD in Accordance with Civil Code
1938. To Landlord’s actual knowledge, the Additional Premises have not undergone inspection by a Certified Access Specialist (CASp). The foregoing verification is included in this First Amendment solely for the purpose of
complying with California Civil Code Section 1938 and shall not in any manner affect Landlord’s and Tenant’s respective responsibilities for compliance with construction-related accessibility standards as provided under this Lease.

  
 6 

 16. Landlord’s Limitation of Liability. It is expressly
understood and agreed that notwithstanding anything in the Lease (as hereby amended) to the contrary, and notwithstanding any applicable law to the contrary, the liability of Landlord under the Lease, as hereby amended, (including any successor
Landlord) and any recourse by Tenant against Landlord shall be limited solely and exclusively to the interest of Landlord in and to the Project (including all rents, issues, profits and proceeds therefrom), and neither Landlord, nor any of its
constituent partners or members, shall have any personal liability therefor, and Tenant hereby expressly waives and releases such personal liability on behalf of itself and all persons claiming by, through or under Tenant. Under no circumstances
shall Landlord be liable for injury to Tenant’s business or for any loss of income or profit therefrom. 
 17.
Ratification. Except as otherwise specifically herein amended, the Lease is and shall remain in full force and effect according to the terms thereof. In the event of any conflict between the Lease and this First Amendment, this
First Amendment shall control. 
 18. Attorneys’ Fees. Should either party institute any action or
proceeding to enforce or interpret this First Amendment or any provision thereof, for damages by reason of any alleged breach of this First Amendment or of any provision hereof, or for a declaration of rights hereunder, the prevailing party in any
such action or proceeding shall be entitled to receive from the other party all cost and expenses, including actual attorneys’ and other fees, reasonably incurred in good faith by the prevailing party in connection with such action or
proceeding. The term “attorneys’ and other fees” shall mean and include attorneys’ fees, accountants’ fees, and any and all consultants’ and other similar fees incurred in connection with the action or proceeding and
preparations therefore. The term “action or proceeding” shall mean and include actions, proceedings, suits, arbitrations, appeals and other similar proceedings. 

19. Submission. Submission of this First Amendment by Landlord to Tenant for examination and/or execution shall not
in any manner bind Landlord and no obligations on Landlord shall arise under this First Amendment unless and until this First Amendment is fully signed and delivered by Landlord and Tenant; provided, however, the execution and delivery by Tenant of
this First Amendment to Landlord shall constitute an irrevocable offer by Tenant of the terms and conditions herein contained, which offer may not be revoked for thirty (30) days after such delivery. 

20. Counterparts. This First Amendment may be executed in several counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same agreement. 
 [SIGNATURES ON NEXT PAGE] 

  
 7 

 IN WITNESS WHEREOF, this First Amendment has been executed by the parties as of the
date first referenced above. 
  

													
	“Landlord”
	
	 HINES VAF NO CAL PROPERTIES, L.P.,

a Delaware limited partnership

		
	By:	 	Hines VAF No Cal Properties GP LLC, its general partner
			
		 	By:	 	Hines VAF No Cal Mezz, L.P., its sole member
				
		 		 	By:	 	Hines VAF No Cal Mezz GP LLC, its general partner
					
		 		 		 	By:	 	Hines VAF Northern California, L.P., its sole member
						
		 		 		 		 	By:	 	Hines VAF Northern California GP LLC, its general partner
							
		 		 		 		 		 	By:	 	 /s/ James C. Buie

		 		 		 		 		 	Name:	 	James C. Buie
		 		 		 		 		 	Title:	 	Executive Vice President

  

			
	“Tenant”
	
	 SHOCKWAVE MEDICAL, INC.,

a Delaware corporation

		
	By:	 	 /s/ Daniel Hawkins

	Name:	 	Daniel Hawkins
	Title:	 	CEO

  
 8 

 EXHIBIT A 

ADDITIONAL PREMISES 
  

 

  
 1 

 EXHIBIT B 

UTILITY PROVIDER AUTHORIZATION 

[attached] 

 

 

 SECOND AMENDMENT TO LEASE 

THIS SECOND AMENDMENT TO LEASE (this “Amendment”) is made and entered into as of October 3, 2014, by and between
GATEWAY WARM SPRINGS, LLC, a Delaware limited liability company (“Landlord”), and SHOCKWAVE MEDICAL, INC., a Delaware corporation (“Tenant”). 

RECITALS 
  

	A.	 Landlord (as successor in interest to Hines VAF No Cal Properties, L.P., a Delaware limited partnership) and
Tenant are parties to that certain lease dated August 10, 2012 (the “Original Lease”), which Original Lease has been previously amended by that certain First Amendment to Lease (the “First Amendment”)
dated August 30, 2013 (collectively, the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 9,230 rentable square feet (the “Original Premises”),
consisting of: (i) approximately 2,527 rentable square feet described as Suite 416 in the building located at 48531 Warm Springs Boulevard, Fremont, California (“the 48531 Building”); and
(ii) approximately 6,703 rentable square feet described as Suite 107 and Suite 108 (“Suite 108”) in the building located at 48501 Warm Springs Boulevard, Fremont, California (the “48501
Building”). The 48531 Building and the 48501 Building are located in the project commonly known as Warm Springs Business Center (the “Project”). 

 

	B.	 Tenant desires to surrender a portion of the Original Premises to Landlord containing approximately 2,527
rentable square feet described as Suite 416 of the 48531 Building as shown on Exhibit A hereto (the “Reduction Space”) (the Original Premises, less the Reduction Space, is referred to herein as the
“Remaining Premises”) and that the Lease be appropriately amended, and Landlord is willing to accept such surrender on the following terms and conditions. 

 

	C.	 Tenant has requested that additional space containing approximately 6,602 rentable square feet described
as Suite 106, Suite 109 and Suite 110 of the 48501 Building shown on Exhibit B hereto (collectively, the “Second Expansion Space”) be added to the Original Premises and that the Lease be appropriately amended and
Landlord is willing to do the same on the following terms and conditions. 

 NOW, THEREFORE, in consideration of
the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

 

	1.	 Expansion and Second Expansion Effective Date. 

 

	 	1.1	 Effective as of November 1, 2014 (the “Second Expansion Effective Date”), the
Premises, as defined in the Lease, is increased from approximately 9,230 rentable square feet to approximately 13,810 rentable square feet by the addition of the Second Expansion Space, and from and after the Second Expansion Effective Date,
Second Expansion Space shall be deemed part of the Premises, as defined in the Lease, and as used herein. The Lease Term for the Second Expansion Space shall commence on the Second Expansion Effective Date and end on January 31, 2017 (the
“Expiration Date”) unless sooner terminated in accordance with the terms of the Lease, as amended hereby. The Second Expansion Space is subject to all the terms and conditions of the Lease except as expressly modified
herein and except that Tenant shall not be entitled to receive any allowances, abatements or other financial concessions granted with respect to the Original Premises unless such concessions are expressly provided for herein with respect to the
Second Expansion Space. 

  
 1 

	 	1.2	 The Second Expansion Effective Date shall be delayed to the extent that Landlord fails to deliver possession of
the Second Expansion Space for any reason, except to the extent that such delay is arising from or related to the acts or omissions of Tenant, its agents, customers, visitors, invitees, licensees, contractors, assignees or subtenants (any such delay
hereinafter referred to as a “Tenant Delay”). Except as otherwise expressly provided in this Section 1.2, any such delay in the Second Expansion Effective Date shall not subject Landlord to any liability for any loss or
damage resulting therefrom. If the Second Expansion Effective Date is delayed, the Expiration Date shall not be similarly extended. In addition, the effective date of any increases in the Base Monthly Rent rate shall not be postponed as a result of
any such delay. Notwithstanding anything to the contrary contained in this Section 1.2, provided that this Amendment is properly executed and delivered by Tenant and Tenant has delivered all prepaid rental and all insurance certificates
required hereunder, if the Second Expansion Effective Date has not occurred on or before December 1, 2014 (the “Outside Delivery Date”), Tenant shall be entitled to an abatement of Base Monthly Rent with respect to the
Second Expansion Space following the expiration of the Second Expansion Space Abatement Period (as defined in Section 3.2 below) in an amount equal to $175.57 for every day in the period beginning on the Outside Delivery Date and ending on the
Second Expansion Effective Date. Landlord and Tenant acknowledge and agree that: (a) the determination of the Second Expansion Effective Date shall take into consideration the effect of any Tenant Delay; and (b) the Outside Delivery Date
shall be postponed by the number of days the Second Expansion Effective Date is delayed due to strikes, acts of God, shortages of labor or materials, war, terrorist acts, civil disturbances and other causes beyond the reasonable control of Landlord.
Tenant shall, at Landlord’s request, execute and deliver a memorandum agreement provided by Landlord, setting forth the actual Second Expansion Effective Date. Should Tenant fail to do so within five (5) days after Landlord’s request,
the information set forth in such memorandum provided by Landlord shall be conclusively presumed to be agreed and correct. 

  

	2.	 Reduction. 

  

	 	2.1	 Tenant shall vacate the Reduction Space in accordance with the terms of the Lease on or prior to the date
immediately preceding the Reduction Effective Date (defined in 1.2 below) and Tenant shall fully comply with all obligations under the Lease respecting the Reduction Space up to the Reduction Effective Date, including those provisions relating to
the condition of the Reduction Space and removal of Tenant’s Property therefrom; provided, however, that Landlord shall not require Tenant to remove the six (6) strand fiber optic cabling installed by Tenant between the Reduction Space and
Suite 108. 

  

	 	2.2	 Effective as of the date which is thirty (30) days following the Second Expansion Effective Date (the
“Reduction Effective Date”), the Premises is decreased from approximately 13,810 rentable square feet to approximately 11,283 rentable square feet by the elimination of the Reduction Space. As of the Reduction
Effective Date, the Reduction Space shall be deemed surrendered by Tenant to Landlord, the Lease shall be deemed terminated with respect to the Reduction Space, and the “Premises”, as defined in the Lease and as used herein shall be deemed
to mean the Remaining Premises and the Second Expansion Space; provided, if Tenant shall violate any provision hereof or if Tenant’s representations herein shall be false or materially misleading, Landlord shall have the right to declare this
Amendment null and void and to reinstate the Lease with respect to the Reduction Space in addition to, and not in lieu of, any other rights or remedies available to Landlord. 

  
 2 

	 	2.3	 If Tenant shall holdover in the Reduction Space beyond the day immediately preceding the Reduction Effective
Date, Tenant shall be liable for Monthly Base Rent, Tenant’s Share of Excess Expenses and other charges respecting the Reduction Space equal to one hundred fifty percent (150%) of the amount in effect for October, 2014, prorated on a per diem
basis and on a per square foot basis for the Reduction Space. Such holdover amount shall not be in limitation of Tenant’s liability for consequential or other damages arising from Tenant’s holding over nor shall it be deemed permission for
Tenant to holdover in the Reduction Space, it being agreed that such holdover shall otherwise be subject to the terms of Section 15.3 of the Original Lease, as amended by Section 11.6 below. 

 

	3.	 Base Monthly Rent. 

 

	 	3.1	 Reduction Space from Second Expansion Effective Date Through Reduction Effective Date. Following the
Second Expansion Effective Date, Tenant shall continue to pay Monthly Base Rent, Tenant’s Share of Excess Expenses and all other charges under the Lease as provided therein with respect to the Reduction Space through and including the Reduction
Effective Date. Notwithstanding anything to the contrary contained in the Lease, as amended hereby, so long as Tenant is not in default beyond any applicable notice and cure period under the Lease, as amended hereby, Tenant shall be entitled to an
abatement of Monthly Base Rent solely with respect to the Reduction Space in the amount of $3,537.80 (the “Abated Monthly Base Rent”) for the first thirty (30) days following the Second Expansion Effective Date (the
“Reduction Space Abatement Period”). In addition, so long as Tenant is not in default beyond any applicable notice and cure period under the Lease, as amended hereby, Tenant shall be entitled to an abatement of Tenant’s
Share of Excess Expenses during the Reduction Space Abatement Period (collectively with the Abated Monthly Base Rent, the “Abated Rent”). If Tenant defaults under the Lease, as amended hereby, at any time during the Lease
Term (as extended) and fails to cure such default within any applicable cure period under the Lease, then all Abated Rent shall immediately become due and payable. Only Monthly Base Rent and Tenant’s Share of Excess Expenses shall be abated
pursuant to this Section, as more particularly described herein, and all other rent and other costs and charges specified in the Lease, as amended hereby, shall remain as due and payable pursuant to the provisions of the Lease, as amended
hereby. 

  

	 	3.2	 Second Expansion Space from Second Expansion Effective Date Through Expiration Date. In addition to
Tenant’s obligation to pay Base Monthly Rent for the Original Premises through and including the Reduction Effective Date and Tenant’s obligation to pay Base Monthly Rent for the Remaining Premises thereafter, Tenant shall pay Landlord
Base Monthly Rent for the Second Expansion Space as follows: 

  
 3 

													
	 Period
	  	Rentable
Square
Footage	 	  	Monthly
Rate
Per
Square
Foot	 	  	Base Monthly
Rent	 
	 Second Expansion Effective
Date – 10/31/2015
	  	 	6,602	 	  	$	1.15	 	  	$	7,592.30	 
	 11/1/2015–l/31/2017
	  	 	6,602	 	  	$	1.17	 	  	$	7,724.34	 

 All such Base Monthly Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended
hereby, except that Base Monthly Rent for the Second Expansion Space for January, 2015 (subject to Abated Base Monthly Rent, as described below) shall be paid by Tenant concurrent with Tenant’s execution and delivery of this Amendment to
Landlord. Notwithstanding anything in the Lease, as amended hereby, to the contrary, so long as Tenant is not in default beyond any applicable notice and cure period under the Lease, as amended hereby, Tenant shall be entitled to an abatement of
Base Monthly Rent with respect to the Second Expansion Space in the monthly amount of $7,592.30 for the first two (2) full calendar months following the Second Expansion Effective Date (the “Second Expansion Space Abatement
Period”). The maximum total amount of Base Monthly Rent abated with respect to the Premises in accordance with the foregoing shall equal $15,184.60 (the “Abated Base Monthly Rent”). If Tenant defaults under
the Lease, as amended hereby, at any time during the Lease Term (as extended), fails to cure such default within any applicable cure period under the Lease and Landlord terminates the Lease in connection therewith, then upon such termination, all
Abated Base Monthly Rent shall immediately become due and payable. Only Base Monthly Rent shall be abated pursuant to this Section, as more particularly described herein, and all Additional Rent specified in the Lease, as amended hereby, shall
remain as due and payable pursuant to the provisions of the Lease, as amended hereby. 
  

	4.	 Security Deposit. No additional Security Deposit shall be required in connection with this
Amendment. 

  

	5.	 Tenant’s Share. 

 

	 	5.1	 For the period commencing with the Second Expansion Effective Date and ending on the Reduction Effective Date,
Tenant’s Share for the Second Expansion Space and the Original Premises, collectively, is 10.79% of the Project. 

  

	 	5.2	 For the period commencing with the Second Expansion Effective Date and ending on the Expiration Date,
(i) Tenant’s Share for the Second Expansion Space is 17.57% of the 48501 Building and 4.50% of the Project; and (ii) Tenant’s Share for the Remaining Premises and the Second Expansion Space, collectively, is
35.40% of the 48501 Building and 9.07% of the Project. 

  

	6.	 Additional Rent. For the period commencing with the Second Expansion Effective Date and
ending on the Expiration Date, Tenant shall pay all Additional Rent payable under the Lease, including Tenant’s Share of Excess Expenses applicable to the Second Expansion Space in accordance with the terms of the Lease, as amended hereby.

  
 4 

	7.	 Improvements to Second Expansion Space. 

 

	 	7.1	 Condition of Second Expansion Space. Landlord shall deliver possession of the Second Expansion Space
broom clean and free of debris. Tenant has inspected the Second Expansion Space and agrees to accept the same “as is” without any agreements, representations, understandings or obligations on the part of Landlord to perform any
alterations, repairs or improvements. However, notwithstanding the foregoing, Landlord agrees that the roof and the base 48501 Building electrical, heating, ventilation and air conditioning, lighting, water, gas and plumbing systems located in the
Second Expansion Space shall be in good working order as of the date Landlord delivers possession of the Second Expansion Space to Tenant. Except to the extent caused by the acts or omissions of Tenant or its Agents or by any alterations or
improvements performed by or on behalf of Tenant, if such systems are not in good working order as of the date possession of the Second Expansion Space is delivered to Tenant and Tenant provides Landlord with notice of the same within one hundred
eighty (180) days following the date Landlord delivers possession of the Second Expansion Space to Tenant, Landlord shall be responsible for repairing or restoring the same at Landlord’s expense. Notwithstanding anything to
the contrary contained in the Lease, as amended hereby, Tenant shall not be required to remove any portion of the Tenant Alterations (other than any data and telecommunications cabling) shown on the Space Plan (as defined in Exhibit C
attached hereto and as attached to Exhibit C as Schedule 1) as of the date of this Amendment; provided, however, that Landlord shall have the right to revise the determination of Tenant’s removal and restoration
obligations on any portion of the Tenant Alterations not shown on the Space Plan. Tenant hereby acknowledges and agrees that Landlord has fulfilled all of its obligations pursuant to Section 2.3 of the Original Lease, Exhibit
“B” to the Original Lease and Section 7 of the First Amendment. 

  

	 	7.2	 Responsibility for Improvements to Second Expansion Space. Tenant may perform improvements to the Second
Expansion Space in accordance with the terms of Exhibit C attached hereto and Tenant shall be entitled to an improvement allowance in connection with such work as more fully described in Exhibit C. 

 

	8.	 Early Access to Second Expansion Space. Subject to the terms of this
Section 8, Landlord grants Tenant the right to enter the Second Expansion Space as of October 1, 2014, at Tenant’s sole risk, solely for the purpose of performing the Tenant Alterations (as defined in Exhibit C
attached hereto) and installing telecommunications and data cabling, equipment, furnishings and other personalty. Such possession prior to the Second Expansion Effective Date shall be subject to all of the terms and conditions of the
Lease, as amended hereby, except that Tenant shall not be required to pay Base Monthly Rent or Tenant’s Share of Excess Expenses with respect to the period of time prior to the Second Expansion Effective Date during which Tenant occupies the
Second Expansion Space solely for such purposes. However, Tenant shall be liable for any utilities or special services provided to Tenant during such period. Notwithstanding the foregoing, if Tenant takes possession of the Second Expansion Space
before the Second Expansion Effective Date for any purpose other than as expressly provided in this Section, such possession shall be subject to the terms and conditions of the Lease, as amended hereby, and Tenant shall pay Base Monthly Rent and
Tenant’s Share of Excess Expenses, and any other charges payable hereunder to Landlord for each day of possession before the Second Expansion Effective Date. Said early possession shall not advance the Expiration Date. 

  
 5 

	9.	 Option to Renew. Section 11 of the First Amendment (Option to Extend Lease Term) is hereby
deleted in its entirety and Tenant’s Option set forth therein is null and void and of no further force and effect. Provided the Lease, as amended hereby, is in full force and effect and Tenant is not in default beyond any applicable notice and
cure period under any of the other terms and conditions of the Lease, as amended hereby, at the time of notification or commencement, Tenant shall have one (1) option to renew (the “Renewal Option”) the Lease for a term
of two (2) years (the “Renewal Term”), for the portion of the Premises being leased by Tenant as of the date the Renewal Term is to commence, on the same terms and conditions set forth in the Lease, as amended hereby,
except as modified by the terms, covenants and conditions as set forth below: 

  

	 	9.1	 If Tenant elects to exercise the Renewal Option, then Tenant shall provide Landlord with written notice no
earlier than February 1, 2016, but no later than July 31, 2016. If Tenant fails to provide such notice, Tenant shall have no further or additional right to extend or renew the term of the Lease. 

 

	 	9.2	 The Base Monthly Rent in effect at the expiration of the Lease Term shall be adjusted to reflect the Prevailing
Market (defined below) rate. Landlord shall advise Tenant of the new Base Monthly Rent for the Premises no later than thirty (30) days after receipt of Tenant’s written request therefor. Said request shall be made no earlier than thirty
(30) days prior to the first date on which Tenant may exercise its Renewal Option under this Section 9. Said notification of the new Base Monthly Rent may include a provision for its escalation to provide for a change in the Prevailing
Market rate between the time of notification and the commencement of the Renewal Term. 

  

	 	9.3	 If Tenant and Landlord are unable to agree on a mutually acceptable Base Monthly Rent for the Renewal Term not
later than sixty (60) days following Landlord’s delivery of written notice of the new proposed Base Monthly Rent for the Premises, then Landlord and Tenant, within five (5) days after such date, shall each simultaneously submit to the
other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the Premises during the Renewal Term (collectively referred to as the “Estimates”). If the higher of such Estimates is not more than one
hundred five percent (105%) of the lower of such Estimates, then the Prevailing Market rate shall be the average of the two Estimates. If the Prevailing Market rate is not established by the exchange of Estimates, then, within seven (7) days
after the exchange of Estimates, Landlord and Tenant shall each select an appraiser to determine which of the two Estimates most closely reflects the Prevailing Market rate for the Premises during the Renewal Term. Each appraiser so selected shall
be certified as an MAI appraiser or as an ASA appraiser and shall have had at least five (5) years experience within the previous ten (10) years as a real estate appraiser working in Fremont, California, with working knowledge of current
rental rates and practices. For purposes hereof, an “MAP’ appraiser means an individual who holds an MAI designation conferred by, and is an independent member of, the American Institute of Real Estate Appraisers (or its successor
organization, or in the event there is no successor organization, the organization and designation most similar), and an “ASA” appraiser means an individual who holds the Senior Member designation conferred by, and is an independent
member of, the American Society of Appraisers (or its successor organization, or, in the event there is no successor organization, the organization and designation most similar). 

  
 6 

	 	9.4	 Upon selection, Landlord’s and Tenant’s appraisers shall work together in good faith to agree upon
which of the two Estimates most closely reflects the Prevailing Market rate for the Premises. The Estimates chosen by such appraisers shall be binding on both Landlord and Tenant. If either Landlord or Tenant fails to appoint an appraiser within the
seven (7) day period referred to above, the appraiser appointed by the other party shall be the sole appraiser for the purposes hereof. If the two appraisers cannot agree upon which of the two Estimates most closely reflects the Prevailing
Market rate within twenty (20) days after their appointment, then, within ten (10) days after the expiration of such twenty (20) day period, the two appraisers shall select a third appraiser meeting the aforementioned criteria. Once
the third appraiser (i.e., the arbitrator) has been selected as provided for above, then, as soon thereafter as practicable but in any case within fourteen (14) days, the arbitrator shall make his or her determination of which of the two
Estimates most closely reflects the Prevailing Market rate and such Estimate shall be binding on both Landlord and Tenant as the Prevailing Market rate for the Premises. If the arbitrator believes that expert advice would materially assist him or
her, he or she may retain one or more qualified persons to provide such expert advice. The parties shall share equally in the costs of the arbitrator and of any experts retained by the arbitrator. Any fees of any appraiser, counsel or experts
engaged directly by Landlord or Tenant, however, shall be borne by the party retaining such appraiser, counsel or expert. 

  

	 	9.5	 If the Prevailing Market rate has not been determined by the commencement date of the Renewal Term, Tenant
shall pay Base Monthly Rent upon the terms and conditions in effect during the last month of the current Lease Term until such time as the Prevailing Market rate has been determined. Upon such determination, Base Monthly Rent for the Premises shall
be retroactively adjusted to the commencement of such Renewal Term for the Premises. 

  

	 	9.6	 This Renewal Option is not transferable; the parties hereto acknowledge and agree that they intend that the
Renewal Option shall be “personal” to Tenant as set forth above and that in no event will any assignee or sublessee have any rights to exercise the Renewal Option. 

 

	 	9.7	 If the Renewal Option is validly exercised or if Tenant fails to validly exercise the Renewal Option, Tenant
shall have no further right to extend the Lease Term. 

  

	 	9.8	 For purposes of this Renewal Option, “Prevailing Market” shall mean the arms length
fair market annual rental rate per rentable square foot under renewal leases and amendments entered into on or about the date on which the Prevailing Market is being determined hereunder for space comparable to the Premises in the 48501 Building and
buildings comparable to the 48501 Building in the same rental market in the Fremont, California, area as of the date the Renewal Term is to commence, taking into account the specific provisions of the Lease, as amended hereby, which will remain
constant. The determination of Prevailing Market shall take into account any material economic differences between the terms of the Lease, as amended hereby, and any comparison lease or amendment, such as rent abatements, construction costs and
other concessions and the manner, if any, in which the landlord under any such lease is reimbursed for operating expenses and taxes. The determination of Prevailing Market shall also take into consideration any reasonably anticipated changes in the
Prevailing Market rate from the time such Prevailing Market rate is being determined and the time such Prevailing Market rate will become effective under the Lease, as amended hereby. 

  
 7 

	 	9.9	 Notwithstanding anything herein to the contrary, the Renewal Option is subject and subordinate to the expansion
rights (whether such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of any tenant of the Project existing on the date hereof. 

 

	10.	 Right of First Refusal. 

 

	 	10.1	 Tenant shall have an on-going right of first refusal (the
“Right of First Refusal”) with respect to each of the following spaces: (i) approximately 1,733 rentable square feet described as Suite 105; and (ii) approximately 4,044 rentable square feet described as Suite 111
(each, a “Potential Refusal Space”). Tenant’s Right of First Refusal shall be exercised as follows: when Landlord has a prospective tenant (the “Prospect”), other than the existing tenant
in either Potential Refusal Space, interested in leasing such Refusal Space, and Landlord has solicited or received a bona fide offer in writing for such Potential Refusal Space from such Prospect, Landlord shall advise Tenant (the
“Advice”) of the terms under which Landlord is prepared to lease such Potential Refusal Space (the “Refusal Space”) to such Prospect and Tenant may lease the Refusal Space, under such terms, by
providing Landlord with written notice of exercise (the “Notice of Exercise”) within five (5) business days after the date of the Advice, except that Tenant shall have no such Right of First Refusal and Landlord need not
provide Tenant with an Advice if: (a) Tenant is in default beyond any applicable notice and cure period under the Lease, as amended hereby, at the time that Landlord would otherwise deliver the Advice; (b) fifty percent (50%) or more of
the Premises is sublet at the time Landlord would otherwise deliver the Advice; (c) this Lease has been assigned prior to the date Landlord would otherwise deliver the Advice; or (d) Tenant is not occupying the Premises on
the date Landlord would otherwise deliver the Advice. Notwithstanding the foregoing, if (i) Tenant was entitled to exercise its Right of First Refusal, but failed to provide Landlord with a Notice of Exercise within the five (5) business
day period provided herein, and (ii) Landlord does not enter into a lease for the Refusal Space with any prospective tenant within a period of six (6) months following the date of the Advice, Tenant shall once again have a Right of First
Refusal with respect to such Refusal Space; provided, however, that Tenant shall instead have a period of five (5) business days within which to exercise its Right of First Refusal. In addition, Tenant shall once again have the Right of First
Refusal with respect to either Potential Refusal Space if, within such six (6) month period, Landlord proposes to lease such Potential Refusal Space to any prospective tenant on terms that are substantially different than those set forth in the
Advice; provided, however, that Tenant shall instead have a period of five (5) business days within which to exercise its Right of First Refusal. For purposes hereof, the terms offered to a Prospect shall be deemed to be substantially the same
as those set forth in the Advice as long as there is no more than a ten percent (10%) reduction in the “bottom line” cost per rentable square foot of such Refusal Space to the prospective tenant when compared with the “bottom
line” cost per rentable square foot under the Advice, considering all of the economic terms of the both deals, respectively, including, without limitation, the net rent, any tax or expense escalation or other financial escalation and any
financial concessions. 

  

	 	10.2	 If Tenant delivers a Notice of Exercise to Landlord on or after December 31, 2014, the Tease term for the
Refusal Space shall commence upon the commencement date stated in the Advice and thereupon such Refusal Space shall be considered a part of the Premises, provided that all of the terms stated in the Advice, including the termination date set forth
in the Advice, shall govern Tenant’s leasing of the Refusal Space and only to the extent that they do not conflict with the Advice, the terms and conditions of the Lease shall apply to the Refusal Space. 

  
 8 

	 	10.3	 If Tenant delivers a Notice of Exercise to Landlord prior to December 31, 2014, then:

  

	 	10.3.1	 The lease term for the Refusal Space shall commence on the date set forth in the Advice, be coterminous with
the Lease Term for the Premises (i.e., the Remaining Premises and the Second Expansion Space) and shall terminate on the Expiration Date, notwithstanding anything to the contrary set forth in the Advice. In such event, the initial Monthly Base Rent
rate payable by Tenant for the Refusal Space shall reflect the same average Monthly Base Rent, on a per rentable square foot basis, as the Monthly Base Rent offered to the Prospect, and any increases to such Monthly Base Rent rate during the lease
term for the Refusal Space shall be determined pursuant to Section 10.3.2 below. All of the other terms stated in the Advice shall govern Tenant’s leasing of the Refusal Space and, to the extent that they do not conflict with the Advice,
the terms and conditions of the Lease shall apply to the Refusal Space. 

  

	 	10.3.2	 The Monthly Base Rent rate payable by Tenant for the Refusal Space shall be adjusted by Landlord for a term
which terminates coterminous with the Premises so that it reflects the same average Monthly Base Rent rate, on a per rentable square foot basis, as the Monthly Base Rent rate offered to the Prospect. By way of example only, assuming (a) the
lease term proposed to the Prospect was five (5) years, (b) Monthly Base Rent as proposed to the Prospect was $26.00 per rentable square foot in the first year; $27.00 per rentable square foot in the second and third years; and $28.00 per
rentable square foot in fourth and fifth years, and (c) Tenant’s lease term for the Refusal Space is three (3) years. Under such example, Tenant shall pay Monthly Base Rent for the Refusal Space during the entire three (3) year
lease term based on a fixed rate of $27.20 per rentable square foot, which, at Landlord’s election, as specified in the Advice, could be stated at a Monthly Base Rental rate that escalates each anniversary of the lease term for the Refusal
Space, so long as the average Monthly Base Rental rate for the Refusal Space during the entire three year Refusal Space lease term did not exceed $27.20 per rentable square foot per year. The terms offered to Tenant in the Advice shall also reflect
the same concessions offered to the Prospect, prorated to reflect the difference in the length of the lease term that will apply to the Refusal Space. By way of example, if the Prospect is offered a $10.00 per rentable square foot tenant improvement
allowance for a five (5) year term (which is equal to $2.00 for each year in the term offered to the Prospect), and Tenant will be leasing the subject Refusal Space for three (3) years, then Tenant will be entitled to a tenant improvement
allowance of $6.00 per rentable square foot in such Refusal Space. 

  

	 	10.4	 Notwithstanding anything elsewhere in this Section to the contrary, any leasing of the Refusal Space under this
Section will not include terms or provisions of the Advice that are specific to the parties involved in the transaction giving rise to the Advice, such as payment of commissions to the brokers involved in that transaction; options or rights to
expand, contract, renew, extend or shorten the lease term; security deposit; and any rights that are personal to the third party making the Advice. 

  

	 	10.5	 The Refusal Space (including improvements and personalty, if any) shall be accepted by Tenant in its condition
and as-built configuration existing on the earlier of the date Tenant takes possession of the Refusal Space or the date the lease term for such Refusal Space commences, unless the Advice specifies work to be
performed by Landlord in the Refusal 

  
 9 

 Space, in which case Landlord shall perform such work in the Refusal Space. If Landlord is
delayed delivering possession of the Refusal Space due to the holdover or unlawful possession of such space by any party, Landlord shall use reasonable efforts to obtain possession of the space, and the commencement of the lease term for the Refusal
Space shall be postponed until the date Landlord delivers possession of the Refusal Space to Tenant free from occupancy by any party. However, notwithstanding the foregoing, Landlord agrees that the base 48501 Building electrical, heating,
ventilation and air conditioning and plumbing systems located in the Refusal Space shall be in good working order as of the date Landlord delivers possession of the Refusal Space to Tenant. Except to the extent caused by the acts or omissions of
Tenant or any of Tenant’s Agents or by Tenant’s Alterations or any other alterations or improvements performed by or on behalf of Tenant, if such systems are not in good working order as of the date possession of the Refusal Space is
delivered to Tenant and Tenant provides Landlord with notice of the same within thirty (30) days following the date Landlord delivers possession of the Refusal Space to Tenant, Landlord shall be responsible for repairing or restoring the same.
Nothing contained in this Section 10 shall require Tenant to perform any alterations, additions or improvements which are necessary to comply with Laws with respect to the Common Area, unless such compliance relates to the Common Area on any
floor on which the Refusal Space is located and arises directly out of the performance of work by or on behalf of Tenant in the Premises or Tenant’s use of the Refusal Space for purposes other than general office use. In addition, nothing
contained in this Section 10 shall require Tenant, with respect to the Common Area or the Refusal Space, to comply with Laws which require structural alterations, capital improvements or the installation of new or additional mechanical,
electrical, plumbing or fire/life safety systems on a 48501 Building-wide basis without reference to the particular use of Tenant or any alterations, additions or improvements performed by or on behalf of Tenant. 

 

	 	10.6	 Monthly Base Rent attributable to the Refusal Space shall be payable in monthly installments in accordance with
the terms and conditions of the Lease, as amended hereby. In addition, Tenant shall pay all other additional rent payable under the Lease, as amended hereby, for the Refusal Space, including without limitation, Tenant’s Share (increased to
include the Refusal Space) of Excess Expenses. 

  

	 	10.7	 The rights of Tenant hereunder with respect to either Potential Refusal Space in any particular instance in
which Landlord has a prospective tenant interested in leasing the Potential Refusal Space shall terminate on the earlier to occur of (a) January 31, 2016; (b) Tenant’s failure to exercise its Right of First Refusal within the five
(5) business day period provided in Section 10.1 above; and (c) the date Landlord would have provided Tenant an Advice if Tenant had not been in violation of one or more of the conditions set forth in Section 10.1 above.
Notwithstanding the foregoing, if (i) Tenant was entitled to exercise its Right of First Refusal, but failed to provide Landlord with a Notice of Exercise within the two (2) business day period provided in Section 10.1 above, and
(ii) Landlord does not enter into a lease or other agreement for such Potential Refusal Space with the Prospect or any other prospect within a period of six (6) months following the date of the Advice, Tenant shall once again have a Right
of First Refusal with respect to such Potential Refusal Space. 

  
 10 

	 	10.8	 If Tenant exercises its Right of First Refusal, Landlord shall prepare an amendment (the “Refusal Space
Amendment”) adding the Refusal Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Base Monthly Rent, the rentable square footage of the Premises, Tenant’s Share and other appropriate
terms. A copy of the Refusal Space Amendment shall be sent to Tenant within a reasonable time after Landlord’s receipt of the Notice of Exercise executed by Tenant, and Tenant shall execute and return the Refusal Space Amendment to Landlord
within ten (10) business days thereafter, but an otherwise valid exercise of the Right of First Refusal shall be fully effective whether or not the Refusal Space Amendment is executed. 

 

	11.	 Other Pertinent Provisions. Landlord and Tenant agree that, effective as of the date of this
Amendment (unless different effective date(s) is/are specifically referenced in this Section), the Lease shall be amended in the following additional respects: 

 

	 	11.1	 Landlord’s Address for Notices. Landlord’s Address for Notices set forth in Section Q of the
Summary of Basic Lease Terms of the Original Lease is hereby deleted in its entirety and replaced with the following: 

“Gateway Warm Springs, LLC 

c/o Stockbridge Capital Group 

Four Embarcadero Center, Suite 3300 

San Francisco, California 94111 

Attn: Asset Manager 
 with a Copy
to: 
 Transwestern 
 48531 Warm
Springs Blvd., Suite 410 
 Fremont, California 94539” 
  

	 	11.2	 Landlord’s Address for Payment of Rent. Landlord’s address for the payment of rent set forth
in Section Q of the Summary of Basic Lease Terms of the Original Lease is hereby deleted in its entirety and replaced with the following: 

“US Mail: 
 Gateway Warm
Springs, LLC 
 PO Box 59731 

Los Angeles, California 90074-9731 

Courier/ Hand Delivery: 
 Bank of
America Lockbox Services 
 PO Box 59731 

Ground Level
 1000 W. Temple St.

 Los Angeles, California 90012” 
  

	 	11.3	 Insurance. Tenant’s insurance required under Article 9 of the Original Lease
(“Tenant’s Insurance”) shall include the Second Expansion Space. Tenant shall provide Landlord with a certificate of insurance, in form and substance satisfactory to Landlord and otherwise in compliance with
Article 9 of the Original Lease, evidencing that Tenant’s Insurance covers the Original Premises and the Second Expansion Space, upon delivery of this Amendment, executed by Tenant, to Landlord, and thereafter as necessary to assure that
Landlord always has current certificates evidencing Tenant’s Insurance. 

  
 11 

	 	11.4	 Parking. Effective as of the Second Expansion Effective Date, Tenant’s unreserved parking spaces
shall be increased from thirty (30) unreserved parking spaces to thirty-nine (39) unreserved parking spaces. Except as modified herein, the use of such unreserved parking spaces shall be subject to the terms of the Lease.

  

	 	11.5	 SNDA. Landlord represents that as of the date of this Amendment, there exists no mortgage or deed of
trust encumbering Landlord’s interest in the 48501 Building. Upon written request by Tenant, Landlord will use reasonable efforts to obtain a non-disturbance, subordination and attornment agreement from
Landlord’s then current mortgagee, if any, on such mortgagee’s then current standard form of agreement. “Reasonable efforts” of Landlord shall not require Landlord to incur any cost, expense or liability to obtain such agreement,
it being agreed that Tenant shall be responsible for any fee or review costs charged by such mortgagee. Landlord’s failure to obtain a non-disturbance, subordination and attornment agreement for Tenant
shall have no effect on the rights, obligations and liabilities of Landlord and Tenant or be considered to be a default by Landlord under the Lease, as amended hereby. 

 

	 	11.6	 Holdover. Section 15.3 of the Original Lease is hereby deleted in its entirety and replaced with
the following: 

 “Unless Landlord expressly consents in writing to Tenant’s holding over, Tenant shall be
unlawfully and illegally in possession of the Premises, whether or not Landlord accepts any rent from Tenant or any other person while Tenant remains in possession of the Premises without Landlord’s written consent. If Tenant shall retain
possession of the Premises or any portion thereof without Landlord’s consent following the expiration of this Lease or sooner termination for any reason, then Tenant shall pay to Landlord for each day of such retention one hundred fifty percent
(150%) of the amount of daily rental as of the last month prior to the date of expiration or earlier termination. Tenant shall also indemnify, defend, protect and hold Landlord harmless from any loss, liability or cost, including consequential and
incidental damages and reasonable attorneys’ fees, incurred by Landlord resulting from delay by Tenant in surrendering the Premises, including, without limitation, any claims made by the succeeding tenant founded on such delay. Acceptance of
rent by Landlord following expiration or earlier termination of this Lease, or following demand by Landlord for possession of the Premises, shall not constitute a renewal of this Lease, and nothing contained in this Section 15.3 shall waive
Landlord’s right of reentry or any other right. Additionally, if upon expiration or earlier termination of this Lease, or following demand by Landlord for possession of the Premises, Tenant has not fulfilled its obligation with respect to
repairs and cleanup of the Premises or any other Tenant obligations as set forth in this Lease, then Landlord shall have the right to perform any such obligations as it deems necessary at Tenant’s sole cost and expense, and any time required by
Landlord to complete such obligations shall be considered a period of holding over and the terms of this Section 15.3 shall apply. The provisions of this Section 15.3 shall survive any expiration or earlier termination of this Lease.”

  

	11.7	 California Waivers. 

 

	 	11.7.1	 Tenant hereby waives any and all rights under and benefits of Section 1995.310 (Assignment and Subletting)
of the California Civil Code, or any similar or successor Laws now or hereinafter in effect. 

  
 12 

	 	11.7.2	 TENANT HEREBY WAIVES ANY AND ALL RIGHTS CONFERRED BY SECTION 3275 OF THE CIVIL CODE OF CALIFORNIA AND ANY
AND ALL OTHER LAWS AND RULES OF LAW FROM TIME TO TIME IN EFFECT DURING THE LEASE TERM, PROVIDING THAT TENANT SHALL HAVE ANY RIGHT TO REDEEM, REINSTATE OR RESTORE THE LEASE FOLLOWING ITS TERMINATION BY REASON OF TENANT’S BREACH. TENANT ALSO
HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY LITIGATION ARISING OUT OF OR RELATING TO THE LEASE. 

  

	12.	 Miscellaneous. 

 

	 	12.1	 This Amendment, including Exhibit A (Outline and Location of Second Expansion Space), Exhibit B
(Outline and Location of Reduction Space) and Exhibit C (Tenant Alterations) attached hereto, sets forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written
representations or agreements. Under no circumstances shall Tenant be entitled to any rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been provided Tenant
in connection with entering into the Lease, unless specifically set forth in this Amendment. 

  

	 	12.2	 Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged
and in full force and effect. In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. The capitalized terms used in this Amendment shall have the same
definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment. 

  

	 	12.3	 Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a
solicitation for such an offer by Tenant. Landlord shall not be bound by this Amendment until Landlord has executed and delivered the same to Tenant. 

  

	 	12.4	 Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment
other than CBRE. Tenant agrees to indemnify and hold Landlord. its members, principals, beneficiaries, partners, officers, directors, employees, mortgagee(s) and agents, and the respective principals and members of any such agents harmless from all
claims of any other brokers claiming to have represented Tenant in connection with this Amendment. 

  

	 	12.5	 Landlord and Tenant each represent that each signatory of this Amendment has the authority to execute and
deliver the same on behalf of the party hereto for which such signatory is acting. Tenant hereby represents and warrants that neither Tenant, nor any persons or entities holding any legal or beneficial interest whatsoever in Tenant, are (i) the
target of any sanctions program that is established by Executive Order of the President or published by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President or OFAC
pursuant to the Trading with the Enemy Act, 50 U.S.C. App. § 5, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law
107-56, Executive Order 13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such 

  
 13 

 statutes; or (iii) named on the following list that is published by OFAC: “List of
Specially Designated Nationals and Blocked Persons.” If the foregoing representation is untrue at any time during the Lease Term (as extended), an Event of Tenant’s Default under the Lease will be deemed to have occurred, without the
necessity of notice to Tenant. 
  

	 	12.6	 Pursuant to California Civil Code Section 1958, Landlord hereby notifies Tenant that as of the date of
this Amendment, the Premises have not undergone inspection by a “Certified Access Specialist” to determine whether the Premises meet all applicable construction-related accessibility standards under California Civil Code
Section 55.53. To allow for compliance with building performance benchmarking and disclosure regulations, and to facilitate implementation of sustainable improvements to the Project, Tenant shall: (a) retain copies of its “utility
data”, which includes, but is not limited to, Tenant’s utility bills and invoices pertaining to Tenant’s energy, water, and trash usage at the Project during the Lease Term (as the same may be further extended), and (b) upon
request, provide Landlord with copies of such “utility data”. Tenant further agrees, upon Landlord’s request, to execute utility release forms provided by the applicable utility or municipality to expedite the data collection process.

  

	 	12.7	 As of the date hereof, Landlord has not received written notice from any governmental agencies that the 48501
Building is in violation of any Hazardous Materials Laws. Further, to Landlord’s actual knowledge, there are no Hazardous Materials at the 48501 Building in violation of Hazardous Materials Laws. For purposes of this Section,
“Landlord’s actual knowledge” shall be deemed to mean and limited to the current actual knowledge of Matthew Jerry, at the time of execution of this Lease and not any implied, imputed, or constructive knowledge of said individual or
of Landlord or any parties related to or comprising Landlord and without any independent investigation or inquiry having been made or any implied duty to investigate or make any inquiries; it being understood and agreed that such individual shall
have no personal liability in any manner whatsoever hereunder or otherwise related to the transactions contemplated hereby. 

  

	 	12.8	 Redress for any claim against Landlord under the Lease and this Amendment shall be limited to and enforceable
only against and to the extent of Landlord’s interest in the Project. The obligations of Landlord under the Lease are not intended to and shall not be personally binding on, nor shall any resort be had to the private properties of, any of its
trustees or board of directors and officers, as the case may be, its investment manager, the general partners thereof, or any beneficiaries, stockholders, employees, or agents of Landlord or the investment manager, and in no case shall Landlord be
liable to Tenant hereunder for any lost profits, damage to business, or any form of special, indirect or consequential damages. 

[SIGNATURE PAGE FOLLOWS] 

  
 14 

 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment as of the day and
year first above written. 
  

									
	 LANDLORD:
  

GATEWAY WARM SPRINGS, LLC, 
a Delaware limited liability company
	  	 TENANT:
  

SHOCKWAVE MEDICAL, INC. 
a Delaware corporation

				
	By:	 	 Core and Value Advisors, LLC a

Delaware limited liability company 
Its authorized investment advisor
	  		  	
					
		 	By:	 	 /s/ Matthew Jerry
	  	By:	  	 /s/ Daniel Hawkins

		 		 	Matthew Jerry	  	Name:	  	Daniel Hawkins
		 	Its:	 	Vice President	  	Title:	  	CEO
					
		 		 		  	Dated:	  	

  
 15 

 EXHIBIT A - OUTLINE AND LOCATION OF SECOND EXPANSION SPACE 

attached to and made a part of the Amendment dated as of October 3, 2014, between 

GATEWAY WARM SPRINGS, LLC, a Delaware limited liability company, as Landlord and 

SHOCKWAVE MEDICAL, INC., a Delaware corporation, as Tenant 

Exhibit A is intended only to show the general layout of the Second Expansion Space as of the beginning of the Second Expansion Effective Date. It does
not in any way supersede any of Landlord’s rights set forth in the Lease with respect to arrangements and/or locations of public parts of the 48501 Building and changes in such arrangements and/or locations. It is not to be scaled; any
measurements or distances shown should be taken as approximate. 
  
 

 

  
 A-1 

 EXHIBIT B - OUTLINE AND LOCATION OF REDUCTION SPACE 

attached to and made a part of the Amendment dated as of October 3, 2014, between 

GATEWAY WARM SPRINGS, LLC, a Delaware limited liability company, as Landlord and 

SHOCKWAVE MEDICAL, INC., a Delaware corporation, as Tenant 

Exhibit B is intended only to show the general layout of the Reduction Space as of the beginning of the Reduction Effective Date. It does not in any
way supersede any of Landlord’s rights set forth in the Lease with respect to arrangements and/or locations of public parts of the 48531 Building and changes in such arrangements and/or locations. It is not to be scaled; any measurements or
distances shown should be taken as approximate. 
  
 

 

  
 B-1 

 EXHIBIT C — TENANT ALTERATIONS 

attached to and made a part of the Amendment dated as of October 3, 2014, between 

GATEWAY WARM SPRINGS, LLC, a Delaware limited liability company, as Landlord and 

SHOCKWAYE MEDICAL, INC., a Delaware corporation, as Tenant 
  

	1.	 Tenant, following the delivery of the Second Expansion Space by Landlord and the full and final execution and
delivery of the Amendment to which this Exhibit C is attached and all prepaid rental and insurance certificates required under the Amendment, shall have the right to perform alterations and improvements in the Second Expansion Space (the
“Tenant Alterations”). Notwithstanding the foregoing, Tenant and its contractors shall not have the right to perform the Tenant Alterations in the Second Expansion Space unless and until Tenant has complied with all of the
terms and conditions of Section 5.2 of the Original Lease, including, without limitation, approval by Landlord of the final plans for the Tenant Alterations and the contractors to be retained by Tenant to perform such Tenant Alterations. Tenant
shall be responsible for all elements of the design of Tenant’s plans (including, without limitation, compliance with law, functionality of design, the structural integrity of the design, the configuration of the Second Expansion Space and the
placement of Tenant’s furniture, appliances and equipment), and Landlord’s approval of Tenant’s plans shall in no event relieve Tenant of the responsibility for such design. Landlord hereby approves the conceptual Space Plan attached
hereto as Schedule 1 (the “Space Plan”). In addition to the foregoing, Tenant shall be solely liable for all costs and expenses associated with or otherwise caused by Tenant’s performance and installment of the
Tenant Alterations (including, without limitation, any legal compliance requirements arising outside of the Second Expansion Space). Landlord’s approval of the contractors to perform the Tenant Alterations shall not be unreasonably withheld.
The parties agree that Landlord’s approval of the general contractor to perform the Tenant Alterations shall not be considered to be unreasonably withheld if any such general contractor (a) does not have trade references reasonably
acceptable to Landlord, (b) does not maintain insurance as required pursuant to the terms of the Lease, (c) does not have the ability to be bonded for the work in an amount of no less than one hundred fifty percent (150%) of the total
estimated cost of the Tenant Alterations, (d) does not provide current financial statements reasonably acceptable to Landlord, or (e) is not licensed as a contractor in the state/municipality in which the Second Expansion Space is located.
Tenant acknowledges the foregoing is not intended to be an exclusive list of the reasons why Landlord may reasonably withhold its consent to a general contractor. 

 

	2.	 Provided Tenant is not in default, Landlord agrees to contribute the sum of $33,010.00 (i.e., $5.00 per
rentable square foot of the Second Expansion Space (the “Allowance”) toward the cost of performing the Tenant Alterations in preparation of Tenant’s occupancy of the Second Expansion Space. The Allowance may only
be used for hard costs in connection with the Tenant Alterations. The Allowance shall be paid to Tenant or, at Landlord’s option, to the order of the general contractor that performed the Tenant Alterations, within thirty (30) days
following receipt by Landlord of (a) receipted bills covering all labor and materials expended and used in the Tenant Alterations; (b) a sworn contractor’s affidavit from the general contractor and a request to disburse from Tenant
containing an approval by Tenant of the work done; (c) full and final waivers of lien; (d) as-built plans of the Tenant Alterations; and (e) the certification of Tenant and its architect that
the Tenant Alterations have been installed in a good and workmanlike manner in accordance with the approved plans, and in accordance with applicable laws, codes and ordinances. The Allowance shall be disbursed in the amount reflected on the
receipted bills meeting the requirements above. Notwithstanding anything herein to the contrary, Landlord shall not be obligated to disburse any portion of the Allowance during the continuance of an uncured default under the Lease, and
Landlord’s obligation to disburse shall only resume when and if such default is cured. 

  
 C-1 

	3.	 In no event shall the Allowance be used for the purchase of equipment, furniture or other items of personal
property of Tenant. If Tenant does not submit a request for payment of the entire Allowance to Landlord in accordance with the provisions contained in this Exhibit C by January 31, 2014, any unused amount shall accrue to the sole benefit
of Landlord, it being understood that Tenant shall not be entitled to any credit, abatement or other concession in connection therewith. Tenant shall be responsible for all applicable state sales or use taxes, if any, payable in connection with the
Tenant Alterations and/or Allowance. 

  

	4.	 Tenant agrees to accept the Second Expansion Space in its
“as-is” condition and configuration, it being agreed that Landlord shall not be required to perform any work or, except as provided above with respect to the Allowance, incur any costs in connection
with the construction or demolition of any improvements in the Second Expansion Space. 

  

	5.	 This Exhibit C shall not be deemed applicable to any additional space added to the Premises at any time
or from time to time, whether by any options under the Lease or otherwise, or to any portion of the original Premises or any additions to the Premises in the event of a renewal or extension of the original Lease Term, whether by any options under
the Lease or otherwise, unless expressly so provided in the Lease or any amendment or supplement to the Lease. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 C-2 

 SCHEDULE 1 TO EXHIBIT C – SPACE PLAN 

 
 

 

  
 C-3 

 THIRD AMENDMENT TO LEASE 

THIS THIRD AMENDMENT TO LEASE (this “Amendment”) is made and entered into as of July 29, 2015, by and between
GATEWAY WARM SPRINGS, LLC, a Delaware limited liability company (“Landlord”), and SHOCKWAVE MEDICAL, INC., a Delaware corporation (“Tenant”). 

RECITALS 
  

	A.	 Landlord (as successor in interest to Hines VAF No Cal Properties, L.P., a Delaware limited partnership) and
Tenant are parties to that certain Lease dated August 10, 2012 (the “Original Lease”), which Original Lease has been previously amended by that certain First Amendment to Lease dated August 30, 2013, and that certain
Second Amendment to Lease dated October 3, 2014 (the “Second Amendment”) (collectively, the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 13,305 rentable
square feet (the “Original Premises”) described as Suite 106, Suite 107, Suite 108, Suite 109 and Suite 110 of the building located at 48501 Warm Springs Boulevard, Fremont, California (the “Building”). The Building
is part of the project commonly known as Warm Springs Business Center (the “Project”). 

  

	B.	 Tenant has requested that additional space containing approximately 5,199 rentable square feet described
as Suite 103, Suite 104 and Suite 105 of the Building, as shown on Exhibit A hereto (the “Third Expansion Space”), be added to the Original Premises and that the Lease be appropriately amended and Landlord is willing to do
the same on the following terms and conditions. 

  

	C.	 The Lease by its terms shall expire on January 31, 2017 (“Prior Expiration Date”), and
the parties desire to extend the Lease Term, all on the following terms and conditions. 

 NOW, THEREFORE, in
consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

1. Expansion and Effective Date. 
  

	 	1.1	 Effective as of the later of (i) October 1, 2015, or (ii) the date that is thirty (30) days
after Landlord has provided Tenant with early access to the Third Expansion Space pursuant to Section 8 below (the “Third Expansion Effective Date”), the Original Premises is increased from approximately 13,305 rentable square
feet to approximately 18,504 

  
 1 

	 	
rentable square feet by the addition of the Third Expansion Space, and from and after the Third Expansion Effective Date, the Original Premises and the Third Expansion Space, collectively, shall
be deemed the “Premises”, as defined in the Lease, and as used herein . The Lease Term for the Third Expansion Space shall commence on the Third Expansion Effective Date and end on the Second Extended Expiration Date (defined below). From
and after the Third Expansion Effective Date, the Third Expansion Space is subject to all the terms and conditions of the Lease except as expressly modified herein and except that Tenant shall not be entitled to receive any allowances, abatements or
other financial concessions granted with respect to the Original Premises unless such concessions are expressly provided for herein with respect to the Third Expansion Space. 

 

	 	1.2	 The Third Expansion Effective Date shall be delayed to the extent that Landlord fails to deliver possession of
the Third Expansion Space for any reason, including but not limited to, holding over by prior occupants. Any such delay in the Third Expansion Effective Date shall not subject Landlord to any liability for any loss or damage resulting therefrom. If
the Third Expansion Effective Date is delayed, the Second Extended Expiration Date under the Lease shall not be similarly extended. 

 2.
Extension. The Lease Term is hereby extended for a period of two (2) months and shall expire on March 31, 2017 (“Second Extended Expiration Date”), unless sooner terminated in accordance with the terms of the
Lease. That portion of the Lease Term commencing the day immediately following the Prior Expiration Date (“Second Extension Date”) and ending on the Second Extended Expiration Date shall be referred to herein as the “Second
Extended Lease Term”. 
 3. Base Monthly Rent. 
  

	 	3.1	 Original Premises Through Prior Expiration Date. The Base Monthly Rent, Tenant’s Share of Excess
Expenses and all other charges under the Lease shall be payable as provided therein with respect to the Original Premises through and including the Prior Expiration Date. 

  
 2 

	 	3.2	 Original Premises From and After Second Extension Date. As of the Second Extension Date, the schedule of
Base Monthly Rent payable with respect to the Original Premises during the Second Extended Lease Term is the following: 

  

													
	 Period
	  	Rentable
Square
Footage	 	  	Monthly Rate
Per Square
Foot	 	  	Base Monthly
Rent	 
	 2/1/17-3/31/17
	  	 	13,305	 	  	$	1.34	 	  	$	17,828.70	 

 All such Base Monthly Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended
hereby. 
  

	 	3.3	 Third Expansion Space From Third Expansion Effective Date Through Second Extended Expiration Date. As of
the Third Expansion Effective Date, the schedule of Base Monthly Rent payable with respect to the Third Expansion Space for the balance of the current Lease Term and the Second Extended Lease Term is the following: 

 

													
	 Period
	  	Rentable
Square
Footage	 	  	Monthly Rate
Per Square
Foot	 	  	Base Monthly
Rent	 
	 10/1/15—9/30/16
	  	 	5,199	 	  	$	1.30	 	  	$	6,758.70	 
	 10/1/16—3/31/17
	  	 	5,199	 	  	$	1.34	 	  	$	6,966.66	 

 All such Base Monthly Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended
hereby. 
  

	4.	 Additional Security Deposit. No additional Security Deposit shall be required in connection with
this Amendment. 

  

	5.	 Tenant’s Proportionate Share. For the period commencing with the Third Expansion Effective
Date and ending on the Second Extended Expiration Date, Tenant’s Proportionate Share for the Third Expansion Space is 3.54% of the Project Tenant’s Share for the Third Expansion Space and the Original Premises is, collectively,
12.62% of the Project. 

  

	6.	 Additional Rent. 

 

	 	6.1	 Original Premises for the Second Extended Lease Term. For the period commencing with the Second
Extension Date and ending on the Second Extended Expiration Date, Tenant shall pay all Additional Rent payable under the Lease, including Tenant’s Share of Excess Expenses applicable to the Original Premises in accordance with the terms of the
Lease. 

  
 3 

	 	6.2	 Third Expansion Space From Third Expansion Effective Date Through Second Extended Expiration Date. For
the period commencing with the Third Expansion Effective Date and ending on the Second Extended Expiration Date, Tenant shall pay for Tenant’s Share of Excess Expenses applicable to the Third Expansion Space in accordance with the terms of the
Lease. 

  

	7.	 Improvements to Third Expansion Space. 

 

	 	7.1	 Condition of Third Expansion Space Tenant has inspected the Third Expansion Space and agrees to accept
the same “as is” without any agreements, representations, understandings or obligations on the part of Landlord to perform any alterations, repairs or improvements. However, notwithstanding the foregoing, Landlord agrees that the roof and
the base Building electrical, plumbing systems, heating, ventilation and air conditioning system and fire life safety systems serving the Third Expansion Space shall be in good working order as of the Third Expansion Effective Date. Except to the
extent caused by the acts or omissions of Tenant or Tenant’s Agents or by any alterations or improvements performed by or on behalf of Tenant, if the foregoing are not in good working order as of the Third Expansion Space Effective Date and
Tenant provides Landlord with notice of the same within one hundred eighty (180) days following the Third Expansion Effective Date, Landlord shall be responsible for repairing or restoring the same at Landlord’s sole cost and expense, and
not as a Common Operating Expense. Landlord shall deliver possession of the Third Expansion Space broom clean and free of debris. 

  

	 	7.2	 Responsibility for Improvements to Third Expansion Space. Tenant may perform improvements to the Third
Expansion Space in accordance with the terms of Exhibit B attached hereto and Tenant shall be entitled to an improvement allowance in connection with such work as more fully described in Exhibit B. 

 

	8.	 Early Access to Third Expansion Space. Subject to the terms of this Section 8 and provided
that this Amendment has been fully executed by all parties and Tenant has delivered the insurance certificates required hereunder, Landlord grants Tenant the right to enter the Third Expansion Space after the existing tenants have vacated and
Landlord has legal possession of the 

  
 4 

	 	Third Expansion Space, which is estimated to be September l, 2015, at Tenant’s sole risk, solely for the purpose of installing telecommunications and data cabling, equipment, furnishings and other personalty and
performing the Tenant Alterations described in Exhibit B attached hereto. Such possession prior to the Third Expansion Effective Date shall be subject to all of the terms and conditions of the Lease, except that Tenant shall not be required
to pay Base Monthly Rent or Tenant’s Share of Excess Expenses as to the Third Expansion Space with respect to the period of time prior to the Third Expansion Effective Date during which Tenant occupies the Third Expansion Space solely for such
purposes. However, Tenant shall be liable for any utilities or special services provided to Tenant during such period. Notwithstanding the foregoing, if Tenant takes possession of the Third Expansion Space before the Third Expansion Effective Date
for any purpose other than as expressly provided in this Section, such possession shall be subject to the terms and conditions of the Lease, as amended hereby, and Tenant shall pay Base Monthly Rent and Tenant’s Share of Excess Expenses, and
any other charges payable as applicable to the Third Expansion Space to Landlord for each day of possession before the Third Expansion Effective Date. Said early possession shall not advance the Second Extended Expiration Date. 

 

	9.	 Other Pertinent Provisions. Landlord and Tenant agree that, effective as of the date of this
Amendment (unless different effective date(s) is/are specifically referenced in this Section), the Lease shall be amended in the following additional respects: 

 

	 	9.1	 Landlord’s Address for Payment of Rent. Landlord’s address for the payment of rent set forth
in Section Q of the Summary of Basic Lease Terms of the Original Lease, as amended by Section 11.2 of the Second Amendment, is hereby deleted in its entirety and replaced with the following: 

“US Mail: 
 Gateway Warm
Springs, LLC 
 PO Box 59731 

Los Angeles, California 90074-9731 

Courier/ Hand Delivery: 
 Bank of
America Lockbox Services 
 Lockbox LAC-59731 

2706 Media Center Drive 
 Los
Angeles, CA 90065” 

  
 5 

	 	9.2	 Insurance. Tenant’s insurance required under Article 9 of the Original Lease
(“Tenant’s Insurance”) shall include the Third Expansion Space. Tenant shall provide Landlord with a certificate of insurance, in form and substance satisfactory to Landlord and otherwise in compliance with Article 9 of the
Original Lease, evidencing that Tenant’s Insurance covers the Original Premises and the Third Expansion Space, upon delivery of this Amendment, executed by Tenant, to Landlord, and thereafter as necessary to assure that Landlord always has
current certificates evidencing Tenant’s Insurance. 

  

	 	9.3	 Parking. Effective as of the Third Expansion Effective Date, Tenant’s unreserved parking spaces
shall be increased from thirty-nine (39) unreserved parking spaces to sixty-four (64) unreserved parking spaces. Except as modified herein, the use of such unreserved parking spaces shall be subject to the terms of the Lease, as amended
hereby. 

  

	 	9.4	 SNDA. Landlord represents that, as of the date of this Amendment, there exists no mortgage or deed of
trust encumbering Landlord’s interest in the Building. Upon written request by Tenant, Landlord will use reasonable efforts to obtain a non-disturbance, subordination and attornment agreement from
Landlord’s then current mortgagee, if any, on such mortgagee’s then current standard form of agreement. “Reasonable efforts” of Landlord shall not require Landlord to incur any cost, expense or liability to obtain such agreement,
it being agreed that Tenant shall be responsible for any fee or review costs charged by such mortgagee. Landlord’s failure to obtain a non-disturbance, subordination and attornment agreement for Tenant
shall have no effect on the rights, obligations and liabilities of Landlord and Tenant or be considered to be a default by Landlord under the Lease, as amended hereby. 

 

	 	9.5	 Restoration. Notwithstanding anything in the Lease to the contrary, at the expiration or earlier
termination of the Lease, Tenant shall not be required to remove the Tenant Alterations as shown on the Approved Plans as of the date hereof (as such terms are defined in Exhibit 8). 

 

	10.	 Miscellaneous. 

 

	 	10.1	 This Amendment, including Exhibit A (Location of Third Expansion Space) and Exhibit B (Tenant
Alterations), sets forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written representations or agreements. Under no circumstances shall Tenant be entitled to any rent
abatement, improvement 

  
 6 

	 	
allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless
specifically set forth in this Amendment. The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment.

  

	 	10.2	 Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged
and in full force and effect. In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. 

 

	 	10.3	 Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a
solicitation for such an offer by Tenant. Landlord shall not be bound by this Amendment until Landlord has executed and delivered the same to Tenant. 

  

	 	10.4	 Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment
other than CBRE, Inc. Tenant agrees to indemnify and hold Landlord and its members, principals, beneficiaries, partners, officers, directors, employees, mortgagee(s) and agents, and the respective principals and members of any such agents harmless
from all claims of any other brokers claiming to have represented Tenant in connection with this Amendment. 

  

	 	10.5	 Landlord and Tenant each represent that each signatory of this Amendment on its behalf has the authority to
execute and deliver the same on behalf of the party hereto for which such signatory is acting. Tenant hereby represents and warrants that neither Tenant, nor any persons or entities holding any legal or beneficial interest whatsoever in Tenant, are
the target of any sanctions program that is established by Executive Order of the President or published by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President or OFAC
pursuant to the Trading with the Enemy Act, 50 U.S.C. App. § 5, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law
107-56, Executive Order 13224 (September 23, 200 I) or any Executive Order of the President issued pursuant to such statutes; or (iii) named on the following list that is published by OFAC: “List of
Specially Designated Nationals and Blocked Persons.” If the foregoing representation is untrue at any time during the Second Extended Lease Term, an Event of Tenant’s Default under the Lease will be deemed to have occurred, without the
necessity of notice to Tenant. 

  
 7 

	 	10.6	 Pursuant to California Civil Code Section I 938, Landlord hereby notifies Tenant that as of the date of this
Amendment, the Premises have not undergone inspection by a ‘‘Certified Access Specialist” to determine whether the Premises meet all applicable construction-related accessibility standards under California Civil Code
Section 55.53. To allow for compliance with building performance benchmarking and disclosure regulations, and to facilitate implementation of sustainable improvements to the Building, Tenant shall: (a) retain copies of its “utility
data”, which includes, but is not limited to, Tenant’s utility bills and invoices pertaining to Tenant’s energy, water, and trash usage at the Building during the Lease Term (as the same may be further extended), and (b) upon
request, provide Landlord with copies of such ‘‘utility data”. Tenant further agrees, upon Landlord’s request, to execute utility release forms provided by the applicable utility or municipality to expedite the data collection
process. 

  

	 	10.7	 Redress for any claim against Landlord under the Lease and this Amendment shall be limited to and enforceable
only against and to the extent of Landlord’s interest in the Building. The obligations of Landlord under the Lease are not intended to and shall not be personally binding on, nor shall any resort be had to the private properties of, any of its
trustees or board of directors and officers, as the case may be, its investment manager, the general partners thereof, or any beneficiaries, stockholders, employees, or agents of Landlord or the investment manager, and in no case shall Landlord be
liable to Tenant hereunder for any lost profits, damage to business, or any form of special, indirect or consequential damages. 

[SIGNATURE PAGE FOLLOWS] 

  
 8 

 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment as of the
day and year first above written. 
  

									
	LANDLORD:	  		  	TENANT
			
	GATEWAY WARM SPRINGS, LLC,	  		  	SHOCKWAVE MEDICAL, INC.,
	a Delaware limited liability company	  		  	a Delaware corporation
				
	By:	  	Core and Value Advisors, LLC,	  	By:	  	 /s/ Daniel Hawkins

		  	 A Delaware limited liability company

Its authorized investment advisor
	  	Name: Daniel Hawkins
				
		  	By:	  	 /s/ Matthew Jerry
	  	Its: CEO
		  		  	Matthew Jerry	  		  	
			
	Its: Senior Vice President	  		  	

  
 9 

 EXHIBIT A- LOCATION OF THIRD EXPANSION SPACE

 attached to and made a part of the Amendment dated as of July 29, 2015, between 

GATEWAY WARM SPRINGS, LLC, a Delaware limited liability company, as Landlord and 

SHOCKWAVE MEDICAL, INC., a Delaware corporation, as Tenant 

Exhibit A is intended only to show the general location of the Third Expansion Space as of the beginning of the Third Expansion Effective Date. It does
not in any way supersede any of Landlord’s rights set forth in the Lease with respect to arrangements and/or locations of public parts of the Building and changes in such arrangements and/or locations. It is not to be scaled; any measurements
or distances shown should be taken as approximate. 
  
 

 

  
 A-1 

 EXHIBIT B – TENANT ALTERATIONS 

attached to and made a part of the Amendment dated as of July 29, 2015, between 

GATEWAY WARM SPRINGS, LLC, a Delaware limited liability company, as Landlord and 

SHOCKWAVE MEDICAL, INC., a Delaware corporation, as Tenant 

1. Tenant, following the delivery of the Third Expansion Space by Landlord and the full and final execution and delivery of the Amendment to which this
Exhibit B is attached and all prepaid rental and insurance certificates required under the Amendment, shall have the right to perform alterations and improvements in the Third Expansion Space (the “Tenant Alterations”).
Notwithstanding the foregoing, Tenant and its contractors shall not have the right to perform the Tenant Alterations in the Third Expansion Space unless and until Tenant has complied with all of the terms and conditions of Article 5 of the Original
Lease, including, without limitation, approval by Landlord of the final plans for the Tenant Alterations and the contractors to be retained by Tenant to perform such Tenant Alterations. Tenant shall be responsible for all elements of the design of
Tenant’s plans (including, without limitation, compliance with law, functionality of design, the structural integrity of the design, the configuration of the Third Expansion Space and the placement of Tenant’s furniture, appliances and
equipment), and Landlord’s approval of Tenant’s plans shall in no event relieve Tenant of the responsibility for such design. In addition to the foregoing, Tenant shall be solely liable for all costs and expenses associated with or
otherwise caused by Tenant’s performance and installment of the Tenant Alterations (including, without limitation, any legal compliance requirements arising outside of the Third Expansion Space). As of the date hereof, Landlord and Tenant have
reviewed and approved the plans attached hereto as Schedule I (the “Approved Plans”). Landlord’s approval of the contractors to perform the Tenant Alterations shall not be unreasonably withheld. The parties agree that
Landlord’s approval of the general contractor to perform the Tenant Alterations shall not be considered to be unreasonably withheld if any such general contractor (a) does not have trade references reasonably acceptable to Landlord,
(b) does not maintain insurance as required pursuant to the terms of the Lease, (c) does not have the ability to be bonded for the work in an amount of no less than one hundred fifty percent (150%) of the total estimated cost of the Tenant
Alterations, (d) does not provide current financial statements reasonably acceptable to Landlord, or (e) is not licensed as a contractor in the state/municipality in which the Third Expansion Space is located. Tenant acknowledges the
foregoing is not intended to be an exclusive list of the reasons why Landlord may reasonably withhold its consent to a general contractor. 

  
 B-1 

 2. Provided Tenant is not in default, Landlord agrees to contribute a
one-time improvement allowance (the “Allowance”) in the amount of: (i) $6,932.00 (i.e. $4.00 per rentable square feet in Suite 103) toward the cost of performing the Tenant Alterations in
preparation of Tenant’s occupancy of Suite 103 ; (ii) $6,932.00 (i.e. $4.00 per rentable square feet in Suite 104) toward the cost of performing the Tenant Alterations in preparation of Tenant’s occupancy of Suite 104, and (iii) $6,932.00
(i.e. $4.00 per rentable square feet in Suite 105) toward the cost of performing the Tenant Alterations in preparation of Tenant’s occupancy of Suite 105. The Allowance may only be used for hard and soft costs in connection with the Tenant
Alterations, and the Allowance may be used for any portion of the Tenant Alterations in the Third Expansion Space, regardless of the allocations set forth in the previous sentence. The Allowance shall be paid to Tenant or, at Landlord’s option,
to the order of the general contractor that performed the Tenant Alterations, within thirty (30) days following receipt by Landlord of (a) receipted bills covering all labor and materials expended and used in the Tenant Alterations;
(b) a sworn contractor’s affidavit from the general contractor and a request to disburse from Tenant containing an approval by Tenant of the work done; (c) full and final waivers of lien;
(d) as-built plans of the Tenant Alterations; and (e) the certification of Tenant and its architect that the Tenant Alterations have been installed in a good and workmanlike manner in accordance with
the approved plans, and in accordance with applicable laws, codes and ordinances. The Allowance shall be disbursed in the amount reflected on the receipted bills meeting the requirements above. Notwithstanding anything herein to the contrary,
Landlord shall not be obligated to disburse any portion of the Allowance during the continuance of an uncured default under the Lease, and Landlord’s obligation to disburse shall only resume when and if such default is cured. 

3. In no event shall the Allowance be used for the purchase of equipment, furniture or other items of personal property of Tenant. If Tenant does not submit a
request for payment of the entire Allowance to Landlord in accordance with the provisions contained in this Exhibit B by January 31, 2016, any unused amount shall accrue to the sole benefit of Landlord, it being understood that Tenant
shall not be entitled to any credit, abatement or other concession in connection therewith. Tenant shall be responsible for all applicable state sales or use taxes, if any, payable ii) connection with the Tenant Alterations and/or Allowance. 

4. Tenant agrees to accept the Third Expansion Space in its “as-is” condition and configuration, it being
agreed that Landlord shall not be required to perform any work or, except as provided above with respect to the Allowance, incur any costs in connection with the construction or demolition of any improvements in the Third Expansion Space. 

  
 B-2 

 5. This Exhibit B shall not be deemed applicable to any additional space added to the Third Expansion
Space at any time or from time to time, whether by any options under the Lease or otherwise, or to any portion of the original Third Expansion Space or any additions to the Third Expansion Space in the event of a renewal or extension of the Lease
Term, whether by any options under the Lease or otherwise, unless expressly so provided in the Lease or any amendment or supplement to the Lease. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 B-3 

 SCHEDULE I 

APPROVED PLANS 
  

 

 FOURTH AMENDMENT TO LEASE 

This Fourth Amendment to Lease (the “Fourth Amendment”) is made and entered into by and between Castro Warm Springs, LLC, a
California limited liability company; CP6WS, LLC, a California limited liability company; Mark O. Quam; Bellosguardo, LLC, a California limited liability company; Wallace Warm Springs, LLC, a California limited liability company; and Thomas A.
Lynch, Trustee of the Thomas A. Lynch 2007 Living Trust; as tenants-in-common (collectively, “Landlord”) and Shockwave Medical, Inc., a Delaware corporation
(“Tenant”) and is dated as of September 30, 2016 (the “Effective Date”). 
 RECITALS 

A. Landlord’s predecessors-in-interest and Tenant entered
into that certain Lease dated August 10, 2012, as amended by that certain First Amendment to Lease dated August 30, 2013, that certain Second Amendment to Lease (the “Second Amendment”) dated October 3, 2014 and that certain
Third Amendment to Lease dated July 29, 2015 (collectively , the “Lease”), for the premises consisting of approximately 18,504 rentable square feet, located at 48531 Warm Springs Boulevard, Suites 103, 104, 105, 106, 107, 108, 109 and
110, Fremont, California (the “Original Premises”). 
 B. Landlord’s affiliate, West Valley Properties, Inc., and Tenant also
entered into that certain Letter Agreement dated as of March 4, 2016 (the “Letter Agreement”), pursuant to which Landlord granted Tenant an expansion option for approximately 4,044 additional rentable square feet commonly known as
Suite 111/112, as more particularly identified on the attached Exhibit A (the “Fourth Expansion Premises”). 
 C. The Lease
Term is scheduled to expire on March 31, 2017. 
 D. Tenant has exercised its renewal option set forth in Section 9 of the Second
Amendment and its expansion option set forth in the Letter Agreement 
 E. Landlord and Tenant now desire to amend the Lease to expand the
Premises and extend the Lease Term, as set forth herein. 
 WHEREAS, Tenant and Landlord now desire to reinstate the Lease amend said Lease
under the terms and conditions set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the covenants and agreements contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows: 
 1. Extension of Lease Term: The Lease Term is
hereby extended for a period of two (2) years commencing on April 1, 2017 and expiring on March 31, 2019 (the “Third Extension Term”). The parties acknowledge and agree that Tenant has exercised its renewal option and has no
further right to extend or renew the Lease Term. 

  
 1 

 2. Base Monthly Rent: Commencing on April 1 , 2017, and continuing through the Third
Extension Term, the schedule of Base Monthly Rent payable with respect to the Original Premises shall be as follows: 
  

									
	 Period
	  	Monthly Base Rate
Per Square Foot	 	  	Base Monthly Rate	 
	 April 1, 2017 – March 31, 2018
	  	$	1.60	 	  	$	29,606.40	 
	 April 1, 2018 – March 31, 2019
	  	$	1.65	 	  	$	30,531.60	 

 In addition to the Base Monthly Rent, Tenant shall continue to pay all Additional Rent due under the Lease, including but not
limited to Tenant’s Share of Excess Expenses for the Original Premises, as set forth in the Lease. 
 3. Expansion of Premises: 

(a) Effective as of the Fourth Expansion Effective Date (as defined below), the “Premises”, as defined in the Lease, is increased
from approximately 18,504 rentable square feet to approximately 22,548 rentable square feet by the addition of the Fourth Expansion Premises. The Lease Term for the Fourth Expansion Premises shall commence on the Fourth Expansion Effective Date and
shall continue through the expiration of the Third Extension Term, unless sooner terminated in accordance with the terms of the Lease. The Fourth Expansion Premises shall be subject to all the terms and conditions of the Lease, as modified herein,
except that Tenant shall not be entitled to receive any allowance, abatements or other financial concessions granted in the Lease. 
 (b) As
used herein, the term “Fourth Expansion Effective Date” shall mean the date Landlord delivers possession of the Fourth Expansion Premises to Tenant in vacant, broom clean condition, and otherwise in its
“as-is” condition, without representation or warranty. Landlord anticipates that the Fourth Expansion Effective Date will occur on or before October 1, 2016 (the “Projected Delivery
Date”). Landlord shall have no obligation to make any alterations or repairs to the Premises and Tenant agrees to accept the Fourth Expansion Premises in its “as-is” condition. Landlord
represents that the Fourth Expansion Premises are currently subject to a lease (the “Existing Lease”) with the current tenant in such premises (the “Existing Tenant”) and that the Existing Lease is scheduled to terminate on
September 30, 2016. In the event the Existing Tenant has not vacated the Fourth Expansion Premises and delivered possession thereof to Landlord on or before the date fifteen (15) days after the Projected Delivery Date, Landlord shall use
commercially reasonable efforts to cause the Existing Tenant to surrender and vacate the Existing Premises , including, without limitation , causing filing and pursuing an unlawful detainer action and eviction order. Pursuant to California Civil
Code Section 1938 , Landlord hereby notifies Tenant that as of the date of this Amendment, the Fourth Expansion Premises have not undergone inspection by a “Certified Access Specialist” to determine whether the Fourth Expansion
Premises meet all applicable construction-related accessibility standards under California Civil Code Section 55.53. 
 (c) Monthly Base
Rent for the Fourth Expansion Premises shall be as follows: 
  

									
	 Period
	  	Monthly Base Rate
Per Square
Foot	 	  	Base Monthly
Rate	 
	 Fourth Expansion Effective Date – September 30, 2017
	  	$	1.60	 	  	$	6,470.40	 
	 October 1, 2017 – September 30, 2018
	  	$	1.65	 	  	$	6,672.60	 
	 October 1, 2018 – March 31, 2019
	  	$	1.70	 	  	$	6,874.80	 

  
 2 

 (d) Commencing on the Fourth Expansion Premises and continuing through the expiration of the
Third Extension Term, “Tenant’s Share” for the Original Premises and Fourth Expansion Premises shall be 59.99% of the 48501 Building and 15.37% of the Project. 

4. Confidentiality: Tenant acknowledges that this Fourth Amendment is confidential information of Landlord and that Landlord shall suffer
irreparable damage if the contents of this Fourth Amendment are discovered by the other tenants at the Project, or any other third parties. Therefore, Tenant agrees that neither Tenant nor Tenant’s employees, agents, representatives or
attorneys, shall disclose, release or discuss the contents of this Fourth Amendment to or with any third party for any reason other than to consultants, accountants, auditors, attorneys, prospective sublessees or assignees, potential purchasers of
or investors in Tenant, or as required by law or regulation. This Section shall not restrict Landlord from disclosing such confidential information of Landlord. 

5. Existence of Offsets, Credits, Claims, Causes of Action or Expenses: Tenant hereby represents and warrants to Landlord that, to Tenant’s
current, actual knowledge, there are no current offsets or credits against rentals nor have any rentals been paid in advance, and that Tenant has no existing claims or causes of action against Landlord arising out of the Lease, and Tenant has no
existing defenses against the enforcement of the Lease by Landlord. 
 6. No Waiver: By entering into this Fourth Amendment, Landlord does not
waive any existing default under the Lease or any event of default hereafter occurring, or become obligated to waive any condition or obligation in any agreement between or among the parties hereto. 

7. Binding Effect: This Fourth Amendment shall be binding upon and inure to the benefit of the parties hereto, their respective heirs,
administrators, guarantors , executors, successors and assigns. 
 8. Brokers: Landlord has been represented by its affiliate, West Valley
Properties, Inc., California BRE License No. 00616994, in connection with this Fourth Amendment. Tenant has not been represented by any broker in connection with this Fourth Amendment. Tenant and Landlord represent that, except as provided
herein, neither has been represented by any broker or agent in connection with this Fourth Amendment. Each party will indemnify, defend and hold harmless the other party against any loss, cost, liability or expense incurred by such party as a result
of any claim asserted by any broker, finder or other person on the basis of any arrangements or agreements made or alleged to have been made by or on behalf of such party. Prior to entering into this Fourth Amendment , the parties have executed and
delivered to each other the Disclosure Regarding Real Estate Agency Relationship attached hereto as Exhibit B. 
 9. Miscellaneous: All
terms not specifically defined herein are as defined in the Lease. Except as amended or modified by this Fourth Amendment, all terms and conditions of the Lease shall remain in full force and effect and Landlord and Tenant shall be bound thereby.
This Fourth Amendment may be executed in one or more counterparts, which counterparts shall together constitute an original document. In the event of a conflict between the terms of this Fourth Amendment and the terms of the Lease, the terms of this
Fourth Amendment shall prevail and be controlling. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amendment to Lease, to be effective as of
the Effective Date. 
 TENANT: 
 SHOCKWAVE MEDICAL,
INC., 
 a Delaware corporation 
  

			
	By:	 	 /s/ Daniel Hawkins

	Title:	 	CEO
	Date	 	Executed: 9-30-16

  

							
	 LANDLORD:
  

Castro Warm Springs, LLC, a California limited liability company; CP6WS, LLC, a California limited liability company; Mark O. Quam; Bellosguardo, LLC, a
California limited liability company; Wallace Warm Springs, LLC, a California limited liability company; and Thomas A. Lynch, Trustee of the Thomas A. Lynch 2007 Living Trust; as
tenants-in-common
  

Castro Warm Springs, LLC, a California limited liability company
  

		
	      	  	By: Castro Mountain View, LLC, a California limited liability company
		  	Its: Sole Member and Manager
			
		  		  	 By: West Valley Properties, Inc.,
 a
California corporation

		  		  	Its: Manager
				
		  		  	      	  	By: /s/ Chris Bryant                    
		  		  		  	Title: SVP, Real Estate

 [signatures continue on following page] 

CP6WS, LLC, a California limited liability company 
  

					
	By: Cupertino Partners VI, a California limited partnership
	Its: Sole Member and Manager
		
	      	 	 By: West Valley Properties, Inc.,
 a
California corporation

  
 4 

			
	 Its: General Partner

		
	       
	 	 By: /s/ Chris
Bryant                                    

		 	 Title: SVP, Real Estate

 Mark O. Quam, an individual 
  

	
	 /s/ Mark O. Quam

	Mark O. Quam

 Bellosguardo, LLC, a California limited liability company 

 

					
	       
	 	 By: Biggar Family Trust, its Manager

			
		 	      
	 	 By: /s/ Michael J.
Biggar                    

		 		 	       Michael J. Biggar, Trustee

 Wallace Warm Springs, LLC, a California limited liability company 

 

			
	By:	 	 /s/ Diane Wallace

	Its: Manager

 Thomas A. Lynch, Trustee of the Thomas A. 

Lynch 2007 Living Trust 
  

			
	By:	 	 /s/ Thomas A. Lynch

		 	Thomas A. Lynch, Trustee

  
 5 

 Exhibit A 

Fourth Expansion Premises 
  

 

  
 6 

 Exhibit B 

Disclosure Regarding 

Real Estate Agency Relationship 

(As Required by the Civil Code) 

This Notice applies to any transaction involving any type of real property, whether improved or unimproved. As used herein, “seller”
includes, where applicable, a seller, landlord, lessor, or sublessor, and “buyer’’ includes, where applicable, a buyer, tenant, lessee, or subtenant. 

When you enter into a discussion with a real estate agent regarding a real estate transaction, you should from the outset understand what type
of agency relationship or representation you wish to have with the agent in the transaction. 
 SELLER’S AGENT 

A Seller’s agent under a listing agreement with the Seller acts as the agent for the Seller only. A Seller’s agent or a subagent of
that agent has the following affirmative obligations: 
 To the Seller: 

A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Seller. 

To the Buyer and the Seller: 
 (a) Diligent
exercise of reasonable skill and care in performance of the agent’s duties. 
 (b) A duty of honest and fair dealing and good faith.

 (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to,
or within the diligent attention and observation of, the parties. 
 An agent is not obligated to reveal to either party any confidential
information obtained from the other party that does not involve the affirmative duties set forth above. 
 BUYER’S AGENT 

A selling agent can, with a Buyer’s consent, agree to act as agent for the Buyer only. In these situations, the agent is not the
Seller’ s agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Seller. An agent acting only for a Buyer has the following affirmative obligations: 

To the Buyer: 
 A fiduciary duty of utmost care,
integrity, honesty, and loyalty in dealings with the Buyer. 
 To the Buyer and the Seller: 

(a) Diligent exercise of reasonable skill and care in performance of the agent’s duties. 

(b) A duty of honest and fair dealing and good faith. 

(c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or
within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties set forth above. 

  
 7 

 AGENT REPRESENTING BOTH SELLER AND BUYER 

A real estate agent, either acting directly or through one or more associate licensees, can legally be the agent of both the Seller and the
Buyer in a transaction, but only with the knowledge and consent of both the Seller and the Buyer. 
 In a dual agency situation, the agent
has the following affirmative obligations to both the Seller and the Buyer: 
 (a) A fiduciary duty of utmost care, integrity, honesty and
loyalty in the dealings with either the Seller or the Buyer. 
 (b) Other duties to the Seller and the Buyer as stated above in 

their respective sections. 
 In representing both
Seller and Buyer, the agent may not, without the express permission of the respective party, disclose to the other party that the Seller will accept a price less than the listing price or that the Buyer will pay a price greater than the price
offered. 
 The above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from the responsibility to protect
his or her own interests . You should carefully read all agreements to assure that they adequately express your understanding of the transaction. 
 A real
estate agent is a person qualified to advise about real estate. If legal or tax advice is desired, consult a competent professional. 

Throughout your real property transaction you may receive more than one disclosure form, depending upon the number of agents assisting in the
transaction. The law requires each agent with whom you have more than a casual relationship to present you with this disclosure form. You should read its contents each time it is presented to you, considering the relationship between you and the
real estate agent in your specific transaction. 
 This disclosure form includes the provisions of Sections 2079.13 to 2079.24, inclusive,
of the Civil Code set forth on the Attachment A hereof. Read it carefully. 
 I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS NOTIFICATION. 

LESSOR/SELLER /s/ Chris Bryant                    
Date                             
Time                AM/PM 
 LESSOR/BUYER /s/ Daniel
Hawkins                  Date 9-30-16
                     Time 10 AM/PM 

BROKER: WEST VALLEY PROPERTIES, INC. a California corporation California Bureau of Real Estate License No. 00616994 

By: /s/ Chris
Bryant                            Date:
                             

  
 8 

 CONFIRMATION OF REAL ESTATE AGENCY RELATIONSHIPS 

West Valley Properties, Inc., a California corporation, California Bureau of Real Estate License No. 00616994 (“Broker”)
provides this Notice in reference to a proposed transaction by and between Castro Warm Springs, LLC, a California limited liability company; CP6WS, LLC, a California limited liability company; Mark O. Quam, a married man as his sole and separate
property; Bellosguardo, LLC, a California limited liability company; Wallace Warm Springs, LLC, a California limited liability company; and Thomas A. Lynch, Trustee of the Thomas A. Lynch 2007 Living Trust; as
tenants-in-common (collectively, “Seller/Landlord”) and Shockwave Medical, Inc., a Delaware corporation (“Buyer/Tenant”) regarding real property identified as: 48531 Warm
Springs Boulevard, Suites 103, 104, 105, 106, 107, 108, 109 and 110, Fremont, CA, California (the “Property”). 
 The following agency
relationship is/are hereby confirmed for this transaction: 
 West Valley Properties, Inc. is the agent of (check one): 

 

	(X)	 the seller/landlord exclusively; 

 

	(    )	 the buyer/tenant exclusively; or 

 

	(    )	 both the seller/landlord and the buyer/tenant. 

I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS NOTIFICATION. 
  

			
	 SELLER/LANDLORD: /s/ Chris Bryant
                                
	  	 Date
                            

		
	 BUYER/TENANT: /s/ Daniel
Hawkins                                   
	  	 Date
9-30-16

 BROKER: WEST VALLEY PROPERTIES, INC. a California corporation, California Bureau of Real Estate License No. 00616994 

 

			
	 By: /s/ Chris
Bryant                        
	  	 Date:
                            

  
 9 

 ATTACHMENT A 

 

 2079.13. As used in Sections 2079.14 to 2079.24, inclusive, the following terms have the following meanings:

 (a) “Agent” means a person acting under provisions of Title 9 (commencing with Section 2295) in a real property
transaction, and includes a person who is licensed as a real estate broker under Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the Business and Professions Code, and under whose license a listing is executed or an offer
to purchase is obtained. 
 (b) “Associate licensee” means a person who is licensed as a real estate broker or salesperson under
Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the Business and Professions Code and who is either licensed under a broker or has entered into a written contract with a broker to act as the broker’s agent in
connection with acts requiring a real estate license and to function under the broker’s supervision in the capacity of an associate licensee. 

The agent in the real property transaction bears responsibility for his or her associate licensees who perform as agents of the agent. When
an associate licensee owes a duty to any principal, or to any buyer or seller who is not a principal, in a real property transaction, that duty is equivalent to the duty owed to that party by the broker for whom the associate licensee functions.

 (c) “Buyer” means a transferee in a real property transaction, and includes a person who executes an offer to purchase real
property from a seller through an agent, or who seeks the services of an agent in more than a casual, transitory, or preliminary manner, with the object of entering into a real property transaction. “Buyer” includes vendee or lessee. 

(d) “Commercial real property” means all real property in the state, except single-family residential real property, dwelling units
made subject to Chapter 2 (commencing with 

 Section 1940) of Title 5, mobilehomes, as defined in Section 798.3, or recreational vehicles, as
defined in Section 799.29. 
 (e) “Dual agent” means an agent acting, either directly or through an associate licensee, as
agent for both the seller and the buyer in a real property transaction. 
 (f) “Listing agreement” means a contract between an
owner of real property and an agent, by which the agent has been authorized to sell the real property or to find or obtain a buyer. 
 (g)
“Listing agent” means a person who has obtained a listing of real property to act as an agent for compensation. 
 (h)
“Listing price” is the amount expressed in dollars specified in the listing for which the seller is willing to sell the real property through the listing agent. 

(i) “Offering price” is the amount expressed in dollars specified in an offer to purchase for which the buyer is willing to buy the
real property. 
 (j) “Offer to purchase” means a written contract executed by a buyer acting through a selling agent that
becomes the contract for the sale of the real property upon acceptance by the seller. 
 (k) “Real property” means any estate
specified by subdivision (1) or (2) of Section 761 in property that constitutes or is improved with one to four dwelling units, any commercial real property, any leasehold in these types of property exceeding one year’s duration, and
mobilehomes, when offered for sale or sold through an agent pursuant to the authority contained in Section 10131.6 of the Business and Professions Code. 

(l) “Real property transaction” means a transaction for the sale of real property in which an agent is employed by one or more of
the principals to act in that transaction, and includes a listing or an offer to purchase. 

 

  
 10 

 (m) “Sell,” “sale,” or “sold” refers to a transaction for the
transfer of real property from the seller to the buyer, and includes exchanges of real property between the seller and buyer, transactions for the creation of a real property sales contract within the meaning of Section 2985, and transactions
for the creation of a leasehold exceeding one year’s duration. 
 (n) “Seller” means the transferor in a real property
transaction, and includes an owner who lists real property with an agent, whether or not a transfer results, or who receives an offer to purchase real property of which he or she is the owner from an agent on behalf of another. “Seller”
includes both a vendor and a lessor. 
 (o) “Selling agent” means a listing agent who acts alone, or an agent who acts in
cooperation with a listing agent, and who sells or finds and obtains a buyer for the real property, or an agent who locates property for a buyer or who finds a buyer for a property for which no listing exists and presents an offer to purchase to the
seller. 
 (p) “Subagent” means a person to whom an agent delegates agency powers as provided in Article 5 (commencing with
Section 2349) of Chapter 1 of Title 9. However, “subagent” does not include an associate licensee who is acting under the supervision of an agent in a real property transaction. 

2079.14. Listing agents and selling agents shall provide the seller and buyer in a real property transaction with a copy of the disclosure form specified in
Section 2079.16, and, except as provided in subdivision (c), shall obtain a signed acknowledgment of receipt from that seller or buyer, except as provided in this section or Section 2079.15, as follows: 

(a) The listing agent, if any, shall provide the disclosure form to the seller prior to entering into the listing agreement. 

(b) The selling agent shall provide the disclosure form to the seller as soon as practicable prior to presenting the seller with an offer to
purchase, unless the selling agent previously provided the seller with a copy of the disclosure form pursuant to subdivision (a).

 (c) Where the selling agent does not deal on a face-to-face basis with the seller, the disclosure form prepared by the selling agent may be furnished to the seller (and acknowledgment of receipt obtained for the selling agent from the seller) by the
listing agent, or the selling agent may deliver the disclosure form by certified mail addressed to the seller at his or her last known address, in which case no signed acknowledgment of receipt is required. 

(d) The selling agent shall provide the disclosure form to the buyer as soon as practicable prior to execution of the buyer’s offer to
purchase, except that if the offer to purchase is not prepared by the selling agent, the selling agent shall present the disclosure form to the buyer not later than the next business day after the selling agent receives the offer to purchase from
the buyer. 
 2079.15. In any circumstance in which the seller or buyer refuses to sign an acknowledgment of receipt pursuant to Section 2079.14, the
agent, or an associate licensee acting for an agent, shall set forth, sign, and date a written declaration of the facts of the refusal. 
 2079.17. (a) As
soon as practicable, the selling agent shall disclose to the buyer and seller whether the selling agent is acting in the real property transaction exclusively as the buyer’s agent, exclusively as the seller’s agent, or as a dual agent
representing both the buyer and the seller. This relationship shall be confirmed in the contract to purchase and sell real property or in a separate writing executed or acknowledged by the seller, the buyer, and the selling agent prior to or
coincident with execution of that contract by the buyer and the seller, respectively. 
 (b) As soon as practicable, the listing agent
shall disclose to the seller whether the listing agent is acting in the real property transaction exclusively as the seller’s agent, or as a dual agent representing both the

 

  
 11 

 buyer and seller. This relationship shall be confirmed in the contract to purchase and sell real property or in
a separate writing executed or acknowledged by the seller and the listing agent prior to or coincident with the execution of that contract by the seller. 

(c) The confirmation required by subdivisions (a) and (b) shall be in the following form: 

_____________________ is the agent of 
 (Name of Listing Agent)

 (check one): 
 ( ) the seller exclusively; or 

( ) both the buyer and seller. 
  

(Name of Selling Agent if not the same as the 

 
 Listing Agent) 

Is the agent of (check one): 
 ( ) the buyer exclusively; or

 ( ) the seller exclusively; or 
 ( ) both the buyer
and seller. 
 (d) The disclosures and confirmation required by this section shall be in addition to the disclosure required by
Section 2079.14. 
 2079.18. No selling agent in a real property transaction may act as an agent for the buyer only, when the selling agent is also
acting as the listing agent in the transaction. 
 2079.19. The payment of compensation or the obligation to pay compensation to an agent by the seller or
buyer is not necessarily determinative of a particular agency relationship between an agent and the seller or buyer. A listing agent and a selling agent may agree to share any compensation or commission paid, or any right to any compensation or
commission for which an obligation arises as the result of a real estate transaction, and the terms of any such agreement shall not necessarily be determinative of a particular relationship.

 2079.20. Nothing in this article prevents an agent from selecting, as a condition of the agent’s
employment, a specific form of agency relationship not specifically prohibited by this article if the requirements of Section 2079.14 and Section 2079.17 are complied with. 

2079.21. A dual agent shall not disclose to the buyer that the seller is willing to sell the property at a price less than the listing price, without the
express written consent of the seller. A dual agent shall not disclose to the seller that the buyer is willing to pay a price greater than the offering price, without the express written consent of the buyer. 

This section does not alter in any way the duty or responsibility of a dual agent to any principal with respect to confidential information
other than price. 
 2079.22. Nothing in this article precludes a listing agent from also being a selling agent, and the combination of these functions in
one agent does not, of itself, make that agent a dual agent. 
 2079.23. (a) A contract between the principal and agent may be modified or altered to change
the agency relationship at any time before the performance of the act which is the object of the agency with the written consent of the parties to the agency relationship. 

(b) A lender or an auction company retained by a lender to control aspects of a transaction of real property subject to this part, including
validating the sales price, shall not require, as a condition of receiving the lender’s approval of the transaction, the homeowner or listing agent to defend or indemnify the lender or auction company from any liability alleged to result from
the actions of the lender or auction company. Any clause, provision, covenant, or agreement purporting to impose an obligation to defend or indemnify a lender or an auction company in violation of this subdivision is against public policy, void, and
unenforceable. 

 

  
 12 

 2079.24. Nothing in this article shall be construed to either diminish the duty of disclosure owed buyers and
sellers by agents and their associate licensees, subagents, and employees or to relieve agents and their associate licensees, subagents, and employees from liability for their conduct in connection with acts governed by this article or for any
breach of a fiduciary duty or a duty of disclosure. 

                    

 

  
 13 

 FIFTH AMENDMENT TO LEASE 

This Fifth Amendment to Lease (the “Fifth Amendment”) is made and entered into by and between Castro Warm Springs, LLC, a California
limited liability company; CP6WS, LLC, a California limited liability company; Mark O. Quam; Bellosguardo, LLC, a California limited liability company; Wallace Warm Springs, LLC, a California limited liability company; and Thomas A. Lynch, Trustee
of the Thomas A. Lynch 2007 Living Trust; as tenants-in-common (collectively, “Landlord”) and Shockwave Medical, Inc., a Delaware corporation
(“Tenant”) and is dated as of October 18, 2018 (the “Effective Date”). 
 RECITALS 

 

	 	A.	 WHEREAS, Landlord’s
predecessors-in-interest and Tenant entered into that certain Lease dated August 10, 2012, as amended by that certain First Amendment to Lease dated August 30,
2013, that certain Second Amendment to Lease dated October 3, 2014, that certain Third Amendment to Lease dated July 29, 2015, and that certain Fourth Amendment to Lease dated as of September 30, 2016 (the “Fourth
Amendment”) (collectively, the “Lease”), for the premises consisting of approximately 22,548 rentable square feet, located at 48531 Warm Springs Boulevard, Suites 103, 104, 105, 106, 107, 108, 109, 110 and 111/112, Fremont, California
(the “Original Premises”); 

  

	 	B.	 WHEREAS, the Term of the Lease is scheduled to expire on March 31, 2019; and 

 

	 	C.	 WHEREAS, Tenant and Landlord desire to amend the Lease to reflect a reduction in the size of the Premises, an
extension of the Term of the Lease and the amendment of certain other provisions of the Lease, as set forth in this Amendment. 

Agreement 
 NOW,
THEREFORE, in consideration of the covenants and agreements contained herein, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows: 

 

	1.	 Premises: Landlord and Tenant hereby agree to reduce the rentable square footage of the Premises by
approximately 10,646 rentable square feet, comprised of Suites 103, 109, 110, 111 and 112, as shown on Exhibit A attached hereto (the “Give-Back Space”). The effective date of the reduction of the Premises shall be November 30, 2018
(the “Give Back Space Effective Date”). Tenant shall vacate the Give-Back Space and deliver the same to Landlord in the condition required hereunder and under the terms of the Lease on or before the Give Back Space Effective Date. Subject
to Tenant’s delivery of the Give Back Space in the condition required hereunder and payment of the Reduction Fee (as defined below), commencing on the Give Back Space Effective Date, the term “Premises” as used in the Lease shall mean
the Original Premises less the Give Back Space and Tenant shall have no further rental obligation for the Give Back Space. 

  

			
	Shockwave Fifth Amendment to Lease	  	1

	2.	 Reduction Fee. Concurrently with the execution and delivery of this Fifth Amendment to Lease, Tenant
shall pay Landlord a reduction fee for the reduction of the Premises as described herein in the amount of seventy eight thousand one hundred seventy-two and 00/100 dollars ($78,172) (“Reduction Fee”)

  

	3.	 Tenant’s Work. Tenant, at Tenant’s sole cost and expense, shall close off Suite 108
from Suite 109 and also close off Suite 104 from Suite 103, at the existing openings, to a painted finish (collectively, “Tenant’s Work”). Tenant’s Work shall be performed by Tenant in accordance with plans and specifications
mutually agreed upon by Landlord and Tenant and shall be completed on or before the Give Back Space Effective Date. Notwithstanding anything to the contrary set forth herein or in the Lease, Landlord shall have the right to market the Give Back
Space and access the Give Back Space for the purpose of showing the same to potential tenants beginning upon the effective date of this Fifth Amendment. 

  

	4.	 Tenant’s Share Of Operating Expenses: Effective as of the Give Back Space Effective Date, the
Premises, comprised of Suites 104, 105, 106, 107 and 108, will consist of approximately 11,902 square feet and Tenant’s Share of Operating Expenses as set forth in Paragraph G of the Lease Summary shall be approximately 8.12%. From and after
the Give Back Space Effective Date, approximately 11,902 square feet shall be used as the numerator when calculating Tenant’s Share of Operating Expenses of the Project, as more specifically set forth in Article 1.20 of the Lease.

  

	5.	 Extension of Term: The Lease Term for the Premises (not including the Give Back Space) is hereby
extended for a period of three (3) months, commencing April 1, 2019 through June 30, 2019 (the “Fourth Extension Term”). 

  

	6.	 Base Monthly Rent: The total Base Monthly Rent shall be as follows for the Fourth Extension Term:

  

									
	 Fourth Extension Term
	  	Base Monthly Rent
	 	  	Base Monthly Rent
	 
	 	  	(per rentable square
foot, per month)	 	  	(payable in monthly
installments)	 
	 April 1, 2019 through June 30,2019
	  	$	2.10	 	  	$	24,994.20	 

 In addition to the Base Monthly Rent, Tenant shall continue to pay all Additional Rent due under the Lease,
including but not limited to Tenant’s Share of Excess Expenses for the Premises, as set forth in the Lease. 
  

	7.	 Option to Extend: Subject to the conditions below, Tenant shall have the option to extend the Term of
this Lease with respect to the Premises (not including the Give Back Space) for one (1) additional period of three (3) months (the “Fifth Extension Term”). The Fifth Extension Term shall commence upon the expiration of the
previous term. Tenant shall give Landlord unconditional written notice of the exercise of its option at least sixty (60) days prior to the expiration of the then current term, time being strictly of the essence, and any failure to give said
notice within the required time period shall be deemed an election by Tenant not to extend the term of the Lease. The Fifth Extension Term shall be upon the same terms and 

  

			
	Shockwave Fifth Amendment to Lease	  	2

	 	
conditions as are contained in the Lease, except that the Base Monthly Rent for the Fifth Extension Term shall be the amounts set forth below. If Tenant has exercised its option to extend, the
phrase “Lease Term” as used in the Lease shall mean the initial term of the Lease and the Extension Terms. 

 Base
Monthly Rent or the Fifth Extension Term. Base Monthly Rent for the Fifth Extension Term shall be as follows: 
  

									
	 Fifth Extension

Term
	  	Base Monthly Rent
(per rentable square
foot, per month)	 	  	Base Monthly Rent
(payable in monthly
installments)	 
	 July l, 2019 through September 30, 2019
	  	$	2.10	 	  	$	24,994.20	 

  

	8.	 Lender’s Approval: This Fifth Amendment is subject to the approval of the Landlord’s lender.
In the event the approval of Landlord’s lender to this Fifth Amendment is not obtained on terms satisfactory to Landlord by the date which is twenty-one (21) days after the Effective Date (the
“Deadline”), this Fifth Amendment shall be null and void and of no further force and effect thereafter. The Deadline may be extended by written agreement of Landlord and Tenant. 

 

	9.	 Existence of Offsets, Credits, Claims, Causes of Action or Expenses: Tenant hereby represents and
warrants to Landlord that there are no offsets or credits against rentals nor have any rentals been paid in advance. Further, Tenant agrees that there are no existing claims or causes of action against Landlord arising out of the Lease, nor are
there any existing defenses which Tenant has against the enforcement of the Lease by Landlord. 

  

	10.	 Binding Effect: This Fifth Amendment shall be binding upon and inure to the benefit of the parties
hereto, their respective heirs, administrators, guarantors, executors, successors and assigns. 

  

	11.	 Waiver of Claims: Tenant represents that Landlord is not in default under the Lease and Tenant has no
claims against Landlord. In addition, Tenant hereby releases and waives any and all potential claims it may have against Landlord or its principals, members, managers, officers, agents, attorneys, servants, employees, representatives, successors or
assigns, in any way arising out of or related to: (i) any previously billed operating expenses or; (ii) any representation made by Landlord or Landlord’s predecessor in interest or its agents or employees. Tenant expressly waives and
relinquishes all rights and benefits afforded by Section 1542 of the California Civil Code, which provides that: 

 A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE
DEBTOR. 
 /s/ DP    (Tenant’s Initials) 

  

			
	Shockwave Fifth Amendment to Lease	  	3

	12.	 Confidentiality: Tenant acknowledges that this Fifth Amendment is confidential information of Landlord
and that Landlord shall suffer irreparable damage if the contents of this Fifth Amendment are discovered by the other tenants of the Office Building or any other third parties. Therefore, Tenant agrees that neither Tenant nor Tenant’s
employees, agents, representatives or attorneys, shall disclose, release or discuss the contents of this Fifth Amendment to or with any third party for any reason. Tenant agrees to reimburse, indemnify, defend and hold Landlord harmless against any
and all losses, claims, suits, damages and liabilities resulting from the breach of the foregoing agreement of Tenant contained in this Section 12. In the event Tenant breaches its agreement under this Section 12, such breach shall
constitute a material default by Tenant under the Lease, without notice or opportunity to cure. This Section 12 shall not restrict Landlord from disclosing such confidential information of Landlord. 

 

	13.	 Brokers: Landlord has been represented by its affiliate, West Valley Properties, Inc., California BRE
License No. 00616994, in connection with this Fifth Amendment. Tenant and Landlord represent that except as provided herein, neither has been represented by any broker or agent in connection with this Fifth Amendment. Each party will indemnify,
defend and hold harmless the other party against any loss, cost, liability or expense incurred by such party as a result of any claim asserted by any broker, finder or other person on the basis of any arrangements or agreements made or alleged to
have been made by or on behalf of such party. Prior to entering into this Fifth Amendment, the parties have executed and delivered to each other the Disclosure Regarding Real Estate Agency Relationship attached hereto as Exhibit B.

  

	14.	 Miscellaneous: All terms not specifically defined herein are as defined in the Lease. Except as amended
or modified by this Fifth Amendment, all terms and conditions of the Lease shall remain in full force and effect and Landlord and Tenant shall be bound thereby. In the event of any conflict between the terms of the Lease and the terms of this Fifth
Amendment, this Fifth Amendment shall prevail and be controlling. This Fifth Amendment may be executed in one or more counterparts, which counterparts shall together constitute an original document. 

 

	15.	 Time. Time is of the essence of this Fifth Amendment to Lease. 

  

			
	Shockwave Fifth Amendment to Lease	  	4

 Authorized Signatures 

In order to bind the parties to the terms of this Fifth Amendment, Landlord and Tenant have duly executed this Fifth Amendment below effective
as of the Effective Date. 
 TENANT: 
 SHOCKWAVE
MEDICAL, INC., 
 a Delaware corporation 
  

	
	By: /s/ Dan
Puckett                                    
	Title: CFO
	Date Executed: 11/2/18

  

											
	LANDLORD:
	
	Castro Warm Springs, LLC, a California limited liability company; CP6WS, LLC, a California limited liability company; Mark O. Quam; Bellosguardo, LLC, a California limited liability company; Wallace Warm Springs, LLC, a
California limited liability company; and Thomas A. Lynch, Trustee of the Thomas A. Lynch 2007 Living Trust; as tenants-in-common
	
	Castro Warm Springs, LLC, a California limited liability company
		
		 	 By: Castro Mountain View, LLC,
 a
California limited liability company

		 	Its: Sole Member and Manager
				
		 		 	       
	 	 By: West Valley Properties, Inc.,
 a
California corporation

		 		 	Its: Manager
						
	      	 		 		 	      	 	By:	 	 /s/ Chris Bryant

		 		 		 		 	Title:	 	SVP, Real Estate

 [signatures continue on following page] 

  

			
	Shockwave Fifth Amendment to Lease	  	5

									
	CP6WS, LLC, a California limited liability company
		
		 	 By: Cupertino Partners VI,
 a
California limited partnership

	      	 	Its: Sole Member and Manager
			
		 	      	 	 By: West Valley Properties, Inc.,
 a
California corporation

		 		 	Its: General Partner
					
		 		 	      	 	By:	 	 /s/ Chris Bryant

		 		 		 	Title:	 	SVP, Real Estate

  

	
	Mark O. Quam, an individual
	
	 /s/ Mark O. Quam

	Mark O. Quam

  

							
	Bellosguardo, LLC, a California limited liability company
		
	      	 	By: Biggar Family Trust, its Manager
				
		 	      	 	By:	 	 /s/ Michael J. Biggar

		 		 		 	Michael J. Biggar, Trustee

  

			
	Wallace Warm Springs, LLC, a California limited liability company
		
	By:	 	 /s/ Diane Wallace

	Its: Manager
	
	Thomas A. Lynch, Trustee of the Thomas A. Lynch 2007 Living Trust
		
	By:	 	 /s/ Thomas A. Lynch

		 	Thomas A. Lynch, Trustee

  

			
	Shockwave Fifth Amendment to Lease	  	6

 Exhibit A 

Premises and Give Back Space 
  

 

  

			
	Shockwave Fifth Amendment to Lease	  	7

 Exhibit B 

Disclosure Regarding 

Real Estate Agency Relationship 

(As Required by the Civil Code) 

This Notice applies to any transaction involving any type of real property, whether improved or unimproved. As used herein, “seller”
includes, where applicable, a seller, landlord, lessor, or sublessor, and “buyer” includes, where applicable, a buyer, tenant, lessee, or subtenant. 

When you enter into a discussion with a real estate agent regarding a real estate transaction, you should from the outset understand what type
of agency relationship or representation you wish to have with the agent in the transaction. 
 SELLER’S AGENT 

A Seller’s agent under a listing agreement with the Seller acts as the agent for the Seller only. A Seller’s agent or a subagent of
that agent has the following affirmative obligations: 
 To the Seller: 

A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Seller. 

To the Buyer and the Seller: 
 (a) Diligent
exercise of reasonable skill and care in performance of the agent’s duties. 
 (b) A duty of honest and fair dealing and good faith.

 (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to,
or within the diligent attention and observation of, the parties. 
 An agent is not obligated to reveal to either party any confidential
information obtained from the other party that does not involve the affirmative duties set forth above. 
 BUYER’S AGENT 

A selling agent can, with a Buyer’s consent, agree to act as agent for the Buyer only. In these situations, the agent is not the
Seller’s agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Seller. An agent acting only for a Buyer has the following affirmative obligations: 

To the Buyer: 
 A fiduciary duty of utmost care,
integrity, honesty, and loyalty in dealings with the Buyer. 
 To the Buyer and the Seller: 

(a) Diligent exercise of reasonable skill and care in performance of the agent’s duties. 

(b) A duty of honest and fair dealing and good faith. 

(c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or
within the diligent attention and observation of, the parties. 
 An agent is not obligated to reveal to either party any confidential information obtained
from the other party that does not involve the affirmative duties set forth above. 

  

			
	Shockwave Fifth Amendment to Lease	  	8

 AGENT REPRESENTING BOTH SELLER AND BUYER 

A real estate agent, either acting directly or through one or more associate licensees, can legally be the agent of both the Seller and the
Buyer in a transaction, but only with the knowledge and consent of both the Seller and the Buyer. 
 In a dual agency situation, the agent
has the following affirmative obligations to both the Seller and the Buyer: 
 (a) A fiduciary duty of utmost care, integrity, honesty and
loyalty in the dealings with either the Seller or the Buyer. 
 (b) Other duties to the Seller and the Buyer as stated above in their
respective sections. 
 In representing both Seller and Buyer, the agent may not, without the express permission of the respective party,
disclose to the other party that the Seller will accept a price less than the listing price or that the Buyer will pay a price greater than the price offered. 

The above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from the responsibility to protect his or her own
interests. You should carefully read all agreements to assure that they adequately express your understanding of the transaction. 
 A real estate agent is
a person qualified to advise about real estate. If legal or tax advice is desired, consult a competent professional. 
 Throughout your real
property transaction you may receive more than one disclosure form, depending upon the number of agents assisting in the transaction. The law requires each agent with whom you have more than a casual relationship to present you with this disclosure
form. You should read its contents each time it is presented to you, considering the relationship between you and the real estate agent in your specific transaction. 

This disclosure form includes the provisions of Sections 2079.13 to 2079.24, inclusive, of the Civil Code set forth on the Attachment A
hereof. Read it carefully. 
 I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS NOTIFICATION. 

 

					
	 LESSOR/SELLER /s/ Chris
Bryant                                
	  	 Date 11/6/18
	  	 Time 3:00 AM/PM

			
	 LESSEE/BUYER /s/ Dan
Puckett                                  
	  	 Date 11/2/18
	  	 Time 11:00 AM/PM

 BROKER: WEST VALLEY PROPERTIES, INC. a California corporation California Bureau of Real Estate License No. 00616994 

 

			
	 By: /s/ Chris Bryant
                                         
       
	  	 Date: 11/16/18

  

			
	Shockwave Fifth Amendment to Lease	  	9

 CONFIRMATION OF REAL ESTATE AGENCY RELATIONSHIPS 

West Valley Properties, Inc., a California corporation, California Bureau of Real Estate License No. 00616994 (“Broker”)
provides this Notice in reference to a proposed transaction by and between Castro Warm Springs, LLC, a California limited liability company; CP6WS, LLC, a California limited liability company; Mark 0. Quam, a married man as his sole and separate
property; Bellosguardo, LLC, a California limited liability company; Wallace Warm Springs, LLC, a California limited liability company; and Thomas A. Lynch, Trustee of the Thomas A. Lynch 2007 Living Trust; as tenants-in-common (collectively, “Seller/Landlord”) and Shockwave Medical, Inc., a Delaware corporation (“Buyer/Tenant”) regarding real property identified as: 48531 Wann
Springs Boulevard, Suites I 04, 105, I 06, I 07 and 108 Fremont, CA, California (the “Property”). 
 The following agency relationship
is/are hereby confirmed for this transaction: 
 West Valley Properties, Inc. is the agent of (check one): 

(X)    the seller/landlord exclusively; 
 ( )
the buyer/tenant exclusively; or 
 ( ) both the seller/landlord and the buyer/tenant. 

I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS NOTIFICATION. 
  

			
	 SELLER/LANDLORD: /s/ Chris
Bryant                    
	  	 Date: 11/6/18

		
	 BUYER/TENANT: /s/ Dan
Puckett                            
	  	 Date: 11/2/18

 BROKER: WEST VALLEY PROPERTIES, INC. a California corporation, California Bureau of Real Estate License No. 00616994 

 

			
	 By: /s/ Chris
Bryant                                        

	  	 Date: 11/6/18

  

			
	Shockwave Fifth Amendment to Lease	  	10

 ATTACHMENT A

 2079.13. As used in Sections 2079.14 to 2079.24, inclusive, the following terms have the following meanings:

 (a) “Agent” means a person acting under provisions of Title 9 (commencing with Section 2295) in a real property
transaction, and includes a person who is licensed as a real estate broker under Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the Business and Professions Code, and under whose license a listing is executed or an offer
to purchase is obtained. 
 (b) “Associate licensee” means a person who is licensed as a real estate broker or salesperson under
Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the Business and Professions Code and who is either licensed under a broker or has entered into a written contract with a broker to act as the broker’s agent in
connection with acts requiring a real estate license and to function under the broker’s supervision in the capacity of an associate licensee. 

The agent in the real property transaction bears responsibility for his or her associate licensees who perform as agents of the agent. When
an associate licensee owes a duty to any principal, or to any buyer or seller who is not a principal, in a real property transaction, that duty is equivalent to the duty owed to that party by the broker for whom the associate licensee functions.

 (c) “Buyer” means a transferee in a real property transaction, and includes a person who executes an offer to purchase real
property from a seller through an agent, or who seeks the services of an agent in more than a casual, transitory, or preliminary manner, with the object of entering into a real property transaction. “Buyer” includes vendee or lessee. 

 

 (d) “Commercial real property” means all real property in the state, except
single-family residential real property, dwelling units made subject to Chapter 2 (commencing with Section 1940) of Title 5, mobilehomes, as defined in Section 798.3, or recreational vehicles, as defined in Section 799.29. 

(e) “Dual agent” means an agent acting, either directly or through an associate licensee, as agent for both the seller and the
buyer in a real property transaction. 
 (f) “Listing agreement” means a contract between an owner of real property and an agent,
by which the agent has been authorized to sell the real property or to find or obtain a buyer. 
 (g) “Listing agent” means a
person who has obtained a listing of real property to act as an agent for compensation. 
 (h) “Listing price” is the amount
expressed in dollars specified in the listing for which the seller is willing to sell the real property through the listing agent. 
 (i)
“Offering price” is the amount expressed in dollars specified in an offer to purchase for which the buyer is willing to buy the real property. 

(j) “Offer to purchase” means a written contract executed by a buyer acting through a selling agent that becomes the contract for
the sale of the real property upon acceptance by the seller. 
 (k) “Real property” means any estate specified by subdivision
(1) or (2) of Section 761 in property that constitutes or is improved with one to four dwelling units, any commercial real property, any

 

  

			
	Shockwave Fifth Amendment to Lease	  	11

 leasehold in these types of property exceeding one year’s duration, and mobilehomes, when offered for sale
or sold through an agent pursuant to the authority contained in Section 10131.6 of the Business and Professions Code. 
 (l)
“Real property transaction” means a transaction for the sale of real property in which an agent is employed by one or more of the principals to act in that transaction, and includes a listing or an offer to purchase. 

(m) “Sell,” “sale,” or “sold” refers to a transaction for the transfer of real property from the seller to the
buyer, and includes exchanges of real property between the seller and buyer, transactions for the creation of a real property sales contract within the meaning of Section 2985, and transactions for the creation of a leasehold exceeding one
year’s duration. 
 (n) “Seller” means the transferor in a real property transaction, and includes an owner who lists real
property with an agent, whether or not a transfer results, or who receives an offer to purchase real property of which he or she is the owner from an agent on behalf of another. “Seller” includes both a vendor and a lessor. 

(o) “Selling agent” means a listing agent who acts alone, or an agent who acts in cooperation with a listing agent, and who sells
or finds and obtains a buyer for the real property, or an agent who locates property for a buyer or who finds a buyer for a property for which no listing exists and presents an offer to purchase to the seller. 

(p) “Subagent” means a person to whom an agent delegates agency powers as provided in Article 5 (commencing with Section 2349)
of Chapter 1 of Title 9. However, “subagent” does not include an associate licensee who is acting under the supervision of an agent in a real property transaction. 

 

 2079.14. Listing agents and selling agents shall provide the seller and buyer in a real property transaction
with a copy of the disclosure form specified in Section 2079.16, and, except as provided in subdivision (c), shall obtain a signed acknowledgment of receipt from that seller or buyer, except as provided in this section or Section 2079.15,
as follows: 
 (a) The listing agent, if any, shall provide the disclosure form to the seller prior to entering into the listing agreement.

 (b) The selling agent shall provide the disclosure form to the seller as soon as practicable prior to presenting the seller with an
offer to purchase, unless the selling agent previously provided the seller with a copy of the disclosure form pursuant to subdivision (a). 

(c) Where the selling agent does not deal on a face-to-face
basis with the seller, the disclosure form prepared by the selling agent may be furnished to the seller (and acknowledgment of receipt obtained for the selling agent from the seller) by the listing agent, or the selling agent may deliver the
disclosure form by certified mail addressed to the seller at his or her last known address, in which case no signed acknowledgment of receipt is required. 

(d) The selling agent shall provide the disclosure form to the buyer as soon as practicable prior to execution of the buyer’s offer to
purchase, except that if the offer to purchase is not prepared by the selling agent, the selling agent shall present the disclosure form to the buyer not later than the next business day after the selling agent receives the offer to purchase from
the buyer. 

 

  

			
	Shockwave Fifth Amendment to Lease	  	12

 2079.15. In any circumstance in which the seller or buyer refuses to sign an acknowledgment of receipt pursuant
to Section 2079.14, the agent, or an associate licensee acting for an agent, shall set forth, sign, and date a written declaration of the facts of the refusal. 

2079.17. (a) As soon as practicable, the selling agent shall disclose to the buyer and seller whether the selling agent is acting in the real property
transaction exclusively as the buyer’s agent, exclusively as the seller’s agent, or as a dual agent representing both the buyer and the seller. This relationship shall be confirmed in the contract to purchase and sell real property or in a
separate writing executed or acknowledged by the seller, the buyer, and the selling agent prior to or coincident with execution of that contract by the buyer and the seller, respectively. 

(b) As soon as practicable, the listing agent shall disclose to the seller whether the listing agent is acting in the real property
transaction exclusively as the seller’s agent, or as a dual agent representing both the buyer and seller. This relationship shall be confirmed in the contract to purchase and sell real property or in a separate writing executed or acknowledged
by the seller and the listing agent prior to or coincident with the execution of that contract by the seller. 
 (c) The confirmation required by
subdivisions (a) and (b) shall be in the following form: 
 ___________ is the agent of 

(Name of Listing Agent) 

(check one): 
 ( ) the seller
exclusively; or 
 ( ) both the buyer and seller.

 (Name of Selling Agent if not the same as the Listing Agent) 

is the agent of (check one): 
 ( ) the buyer exclusively; or 

( ) the seller exclusively; or 
 ( ) both the buyer and seller.

 (d) The disclosures and confirmation required by this section shall be in addition to the disclosure required by Section 2079.14. 

2079.18. No selling agent in a real property transaction may act as an agent for the buyer only, when the selling agent is also acting as the listing agent in
the transaction. 
 2079.19. The payment of compensation or the obligation to pay compensation to an agent by the seller or buyer is not necessarily
determinative of a particular agency relationship between an agent and the seller or buyer. A listing agent and a selling agent may agree to share any compensation or commission paid, or any right to any compensation or commission for which an
obligation arises as the result of a real estate transaction, and the terms of any such agreement shall not necessarily be determinative of a particular relationship. 

2079.20. Nothing in this article prevents an agent from selecting, as a condition of the agent’s employment, a specific form of agency relationship not
specifically prohibited by this article if the requirements of Section 2079.14 and Section 2079.17 are complied with. 
 2079.21. A dual agent
shall not disclose to the buyer that the seller is willing to sell the property at a price less than the 

 

  

			
	Shockwave Fifth Amendment to Lease	  	13

 listing price, without the express written consent of the seller. A dual agent shall not disclose to the seller
that the buyer is willing to pay a price greater than the offering price, without the express written consent of the buyer. 
 This
section does not alter in any way the duty or responsibility of a dual agent to any principal with respect to confidential information other than price. 

2079.22. Nothing in this article precludes a listing agent from also being a selling agent, and the combination of these functions in one agent does not, of
itself, make that agent a dual agent. 
 2079.23. (a) A contract between the principal and agent may be modified or altered to change the agency
relationship at any time before the performance of the act which is the object of the agency with the written consent of the parties to the agency relationship. 

(b) A lender or an auction company retained by a lender to control aspects of a transaction of real property subject to this part, including
validating the sales price, shall not require, as a condition of receiving the lender’s approval of the transaction, the homeowner or listing agent to defend or indemnify the lender or auction company from any liability alleged to result from
the actions of the lender or auction company. Any clause, provision, covenant, or agreement purporting to impose an obligation to defend or indemnify a lender or an auction company in violation of this subdivision is against public policy, void, and
unenforceable. 
 2079.24. Nothing in this article shall be construed to either diminish the duty of disclosure owed buyers and sellers by agents and their
associate licensees, subagents, and employees or to relieve agents and their associate licensees,

 subagents, and employees from liability for their conduct in connection with acts governed by this article or
for any breach of a fiduciary duty or a duty of disclosure. 

 

  

			
	Shockwave Fifth Amendment to Lease	  	14

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