Document:

Multi-Tenant Office Lease between the Registrant and LBA Realty Fund II

 Exhibit 10.16 

 
  
  

 
 M U L T I - T E N A N T 

O F F I C E    L E A S E    ( F S G )  

 
 WATERPARK AT BRIARWOOD-CENTENNIAL 

Centennial, Colorado 
  

LANDLORD: 

LBA REALTY FUND II–WBP III, LLC, 
 a Delaware limited liability company 
 TENANT: 

TRULIA, INC., 
 a Delaware corporation 

 TABLE OF CONTENTS 

 

					
		
	 ARTICLE 1 - LEASE SUMMARY AND PROPERTY SPECIFIC PROVISIONS
	  	 	1	  
		
	 ARTICLE 2 - LEASE
	  	 	10	  
		
	 ARTICLE 3 - PREMISES
	  	 	10	  
		
	 ARTICLE 4 - TERM AND POSSESSION
	  	 	10	  
		
	 ARTICLE 5 - RENT
	  	 	11	  
		
	 ARTICLE 6 - SECURITY DEPOSIT
	  	 	11	  
		
	 ARTICLE 7 - OPERATING EXPENSES/UTILITIES/SERVICES
	  	 	12	  
		
	 ARTICLE 8 - MAINTENANCE AND REPAIR
	  	 	13	  
		
	 ARTICLE 9 - USE
	  	 	13	  
		
	 ARTICLE 10 - HAZARDOUS MATERIALS
	  	 	13	  
		
	 ARTICLE 11 - PARKING
	  	 	14	  
		
	 ARTICLE 12 - TENANT SIGNS
	  	 	14	  
		
	 ARTICLE 13 - ALTERATIONS
	  	 	15	  
		
	 ARTICLE 14 - TENANT’S INSURANCE
	  	 	16	  
		
	 ARTICLE 15 - LANDLORD’S INSURANCE
	  	 	17	  
		
	 ARTICLE 16 - INDEMNIFICATION AND EXCULPATION
	  	 	17	  
		
	 ARTICLE 17 - CASUALTY DAMAGE/DESTRUCTION
	  	 	18	  
		
	 ARTICLE 18 - CONDEMNATION
	  	 	19	  
		
	 ARTICLE 19 - WAIVER OF CLAIMS; WAIVER OF SUBROGATION
	  	 	20	  
		
	 ARTICLE 20 - ASSIGNMENT AND SUBLETTING
	  	 	20	  
		
	 ARTICLE 21 - SURRENDER AND HOLDING OVER
	  	 	22	  
		
	 ARTICLE 22 - DEFAULTS
	  	 	22	  
		
	 ARTICLE 23 - REMEDIES OF LANDLORD
	  	 	23	  
		
	 ARTICLE 24 - ENTRY BY LANDLORD
	  	 	23	  
		
	 ARTICLE 25 - LIMITATION ON LANDLORD’S LIABILITY
	  	 	24	  
		
	 ARTICLE 26 - SUBORDINATION
	  	 	24	  
		
	 ARTICLE 27 - ESTOPPEL CERTIFICATE
	  	 	24	  
		
	 ARTICLE 28 - RELOCATION OF PREMISES
	  	 	24	  
		
	 ARTICLE 29 - MORTGAGEE PROTECTION
	  	 	25	  
		
	 ARTICLE 30 - QUIET ENJOYMENT
	  	 	25	  
		
	 ARTICLE 31 - MISCELLANEOUS PROVISIONS
	  	 	25	  

  

			
	EXHIBITS:	    	
		
	Exhibit A	    	Premises Floor Plan
	Exhibit B	    	Site Plan and Legal Description
	Exhibit C	    	Work Letter
	Exhibit D	    	Notice of Lease Term Dates
	Exhibit E	    	Rules and Regulations
	Exhibit F	    	Estoppel Certificate
		
	RIDERS:	    	
		
	Rider No. 1	    	Extension Option
	Rider No. 2	    	Fair Market Rental Rate

  
 (i)

 THIS LEASE, entered into as of this 24th day of January, 2011, for reference purposes, is by and between LBA
REALTY FUND II–WBP III, LLC, a Delaware limited liability company, hereinafter referred to as “Landlord”, and TRULIA, INC., a Delaware corporation, hereinafter referred to as “Tenant”. 

ARTICLE 1 - LEASE SUMMARY AND PROPERTY SPECIFIC PROVISIONS 

 

					
	 1.1       Landlord’s Address:
	 	 LBA Realty Fund II–WBP III, LLC
	  	
		 	4601 DTC Boulevard	  	
		 	 Denver, Colorado 80237
	  	
		 	 Attn: Asset Manager
	  	
		 	 Telephone: (303) 708-1234
	  	
		 	 Facsimile: (303) 708-1222
	  	
		 		  	
	   With copies
to:            
	 	 LBA Realty
	  	
		 	 17901 Von Karman, Suite 950
	  	
		 	 Irvine, California 92614
	  	
		 	 Attn: SVP - Operations
	  	
		 	 Telephone: (949) 833-0400
	  	
		 	 Facsimile: (949) 955-9350
	  	
		 		  	
	   For payment of Rent:    
	 	 LBA Realty Fund II–WBP III, LLC
	  	
		 	 PO Box 51364
	  	
		 	Los Angeles, California 90051	  	
		 		  	
	 1.2       Tenant’s Address:
	 	 Trulia, Inc.
	  	
		 	 116 New Montgomery Street, Suite 400
	  	
		 	 San Francisco, California 94105
	  	
		 	Attn: 	  	
		 	Telephone:	  	
		 	Email:	  	

 1.3       Building:   The Building
commonly known as Waterpark at Briarwood-Centennial 10771 E. Easter Avenue, Centennial, Colorado. The Building, together with all other buildings, improvements and facilities, now or subsequently located upon the land (the “Site”)
as shown on the Site Plan and Legal Description attached hereto as Exhibit B as such area may be expanded or reduced from time to time is referred to herein as the “Property”. The Property is commonly known as Waterpark
at Briarwood-Centennial. Landlord and Tenant stipulate and agree that the Property contains 207,332 rentable square feet in the aggregate and the Building contains 73,781 rentable square feet, for all purposes of this Lease. 

1.4       Premises:   Suite 250 on the 2nd floor of the Building, as
outlined on the Premises Floor Plan attached hereto as Exhibit A. Landlord and Tenant stipulate and agree that the Premises contains approximately 16,788 rentable square feet, for all purposes of this Lease. 

1.5       City:   The City of Centennial, County of Arapahoe, State of
Colorado. 
 1.6       Commencement Date:   The date for
commencement of the Term shall be February 1, 2011. 

1.7       Term:   Thirty-nine (39) months, plus
any partial month at the beginning of the Term, commencing on the Commencement Date and ending on the last day of the thirty-ninth (39th) full calendar month following the Commencement Date (“Expiration Date”). Each consecutive
twelve (12) month period of the Term, commencing on the Commencement Date, will be referred to herein as a “Lease Year”. 
 1.8       Monthly Base Rent: 
  

							
		 	 Months or Period
	  	Monthly Base Rent	  	
		 	 From the Commencement Date

through the last day of the 15th

full calendar month following the

Commencement Date* **
	  	$27,280.50	  	
				
		 	 From first day of the 16th full

calendar month following the

Commencement Date, through the

last day of the 27th full calendar

month following the

Commencement Date
	  	$27,980.00	  	
				
		 	 From first day of the 28th full

calendar month following the

Commencement Date, through the

Expiration Date
	  	$28,679.50	  	

   *Including any partial month at the beginning of
the Term prorated based on the number of days in such month. 
 **Notwithstanding anything to the
contrary contained in this Lease (including, without limitation, Article 5 of the Standard Provisions, Landlord agrees not to demand or collect from Tenant Monthly Base Rent from the period beginning on the Commencement Date and ending on
April 30, 2011 (the “Abatement Period”) (collectively, the “Rent Abatement”). If the Abatement Period ends on a day other than the first day of a calendar month, Monthly Base Rent for the month in which the
Abatement Period ends shall be prorated based on the number of days after the Abatement Period in such month and the number of days in such month. The Rent Abatement by this Section will be of no force or effect if there has occurred, as of the date
on which any installment of Monthly Base Rent would otherwise be due during the Abatement Period, an Event of Default (as defined in Section 22.1) beyond any applicable notice and cure period. Except for such Rent Abatement, all of the terms
and conditions of this Lease will be applicable during the Abatement Period. 

1.9       Security Deposit:   $57,359.00. 

1.10       Permitted Use:   General office use, subject to the provisions
set forth in this Lease and as permitted by law, and for no other use whatsoever, without the express written consent of Landlord. 
 1.11       Parking:   Eighty-three (83) unreserved parking spaces (based on a ratio of five (5) parking spaces for each 1,000 square feet of
rentable area in the Premises) at no additional cost to Tenant, subject to the terms of Section 1.22 of the Lease Summary and Article 11 of the Standard Lease Provisions and the Parking Rules and Regulations contained in Exhibit E attached
to this Lease and incorporated herein by this reference. 
 1.12      
Brokers:   Joseph Serieno of CB Richard Ellis representing Landlord, and Jeff Pappas of Arledge Partners representing Tenant (collectively, the “Brokers”). The Brokers will be paid by Landlord pursuant to a separate
written agreement. 
 1.13       Interest Rate:   The lesser of:
(a) Ten percent (10%) or (b) the maximum rate permitted by law in the State of Colorado. 

1.14       Insurance Amounts: 

    a.     Commercial General Liability Insurance:   General
aggregate liability of not less than Two Million 00/100 Dollars ($2,000,000.00) per occurrence. 

    b.     Commercial Automobile Liability Insurance:   Limit of
liability of not less than One Million 00/100 Dollars ($1,000,000.00) per accident. 

    c.     Worker’s Compensation and Employers Liability
Insurance:   With limits as mandated pursuant to the laws of the State of Colorado, or One Million 00/100 Dollars ($1,000,000.00) per person and accident, whichever is greater. 

    d.     Umbrella Liability Insurance:   Limits of not less
than Three Million 00/100 Dollars ($3,000,000.00) per occurrence. 

    e.     If Tenant’s business includes professional services,
Professional Liability (also known as errors and omissions insurance): [Intentionally Deleted]. 

1.15       Tenant Improvements:   The improvements previously installed in
the Premises, if any, and the tenant improvements to be installed in the Premises by Landlord or Tenant, if any, as described in the Work Letter attached hereto as Exhibit C (the “Work Letter”). Landlord hereby grants to
Tenant (a) an allowance of up to $12.00 per rentable square foot of the Premises (the “Allowance”); and (b) an allowance of up to $3.00 per rentable square foot of the Premises for costs associated with cabling, moving,
furniture, fixtures and equipment (the “Cabling Allowance”), all to be applied as provided in the Work Letter. 
 1.16       Tenant’s Percentage:   Twenty-two and seventy-five hundredths percent (22.75%), which is the ratio that the rentable square footage of the
Premises bears to the rentable square footage of the Building. Accordingly, as more particularly set forth in Section 1.18 hereof, Tenant shall pay to Landlord: (a) Twenty-two and seventy-five hundredths percent (22.75%) of the
“Operating Expenses” (as defined in Section 1.18 b.) in excess of the Operating Expenses for the Base Year; (b) Twenty-two and seventy-five hundredths percent (22.75%) of Taxes (as defined in Section 1.18 c.) in excess
of the Taxes for the Base Year; (c) Twenty-two and seventy-five hundredths percent (22.75%) of Insurance Costs (as defined in Section 7.4 of the Standard Lease Provisions) in excess of the Insurance Costs for the Base Year; and
(d) Twenty-two and seventy-five hundredths percent (22.75%) of Utilities Costs (as defined in Section 1.18 e.) in excess of Utilities Costs for the Base Year. Building Percentage of Property. Thirty-five and fifty-nine
hundredths percent (35.59%), which is the ratio that the rentable square footage of the Building bears to the rentable square footage of all buildings within the Property (hereinafter, the “Building Percentage”). Accordingly, as
more particularly provided in Section 1.18 hereof, Operating Expenses, Taxes, Insurance Costs and Utilities Costs include the Building Percentage of all such items which are common to the entire Property. 

  
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 1.17       Common Areas; Definitions;
Tenant’s Rights.   During the Term, Tenant shall have the non-exclusive right to use, in common and on a non-discriminatory basis with other tenants in the Property, and 

subject to the Rules and Regulations referred to in Article 9 of the Standard Lease Provisions, those portions of the Property (the
“Property Common Areas”) not leased or designated for lease to tenants that are provided for use in common by Landlord, Tenant and any other tenants of the Property (or by the sublessees, agents, employees, customers invitees,
guests or licensees of any such party), whether or not those areas are open to the general public. The Property Common Areas shall include, without limitation, the parking structure and parking areas (subject to Article 11 of the Standard Lease
provisions), loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, driveways and landscaped areas appurtenant to the Building, fixtures, systems, decor, facilities and landscaping contained, maintained or used in
connection with those areas, and shall be deemed to include any city sidewalks adjacent to the Property, any pedestrian walkway system, park or other facilities located on the Site and open to the general public. The common areas of the Building
shall be referred to herein as the “Building Common Areas” and shall include, without limitation, the following areas of the Building: the common entrances, lobbies, common restrooms on multi-tenant floors, elevators, stairways and
accessways, if any, loading docks, ramps, drives and platforms and any passageways and serviceways thereto to the extent not exclusively serving another tenant or contained within another tenant’s premises, and the common pipes, conduits, wires
and appurtenant equipment serving the Premises. The Building Common Areas and the Property Common Areas shall be referred to herein collectively as the “Common Areas.” If Tenant is leasing the entire Building, then all elements of
the Building and the Building Common Areas shall constitute part of the Premises and all references to Common Areas contained in this Lease shall mean and refer to those elements of the Property outside of the Building. 

1.18       Operating Expenses, Taxes, Insurance Costs and Utilities Costs

 a.     Base Costs:   Tenant’s Percentage of Operating Expenses,
Taxes, Insurance Costs and Utilities Costs, respectively, incurred and paid by Landlord during calendar year 2011 (the “Base Year”). 
 b.     Definition of Operating Expenses.   As used in this Lease, the term “Operating Expenses” shall consist of all costs and expenses of operation,
maintenance and repair of the Building and Building Common Areas as determined by standard accounting practices and calculated assuming the Building is at least ninety-five percent (95%) occupied, together with the Building Percentage of all
costs and expenses of operation and maintenance of the Property Common Areas and the Site as determined by standard accounting practices and calculated assuming the Property is at least ninety-five percent (95%) occupied. Operating Expenses
include the following costs by way of illustration but not limitation: (i) any and all assessments imposed with respect to the Building, Common Areas, and/or Site pursuant to any covenants, conditions and restrictions affecting the Property;
(ii) costs, levies or assessments resulting from statutes or regulations promulgated by any government authority in connection with the use or occupancy of the Site, Building or the Premises or the parking facilities serving the Site, Building
or the Premises; (iii) waste disposal and janitorial services; (iv) security; (v) costs incurred in the management of the Site, Building and Common Areas, including, without limitation: (1) supplies, materials, equipment and
tools, (2) wages, salaries, benefits, pension payments, fringe benefits, uniforms and dry-cleaning thereof (and payroll taxes, insurance and similar governmental charges related thereto) of employees used in the operation and maintenance of the
Site, Building and Common Areas, (3) the rental of personal property used by Landlord’s personnel in the maintenance, repair and operation of the Property, (4) management office expenses including rent and operating costs,
(5) accounting fees, legal fees and real estate consultant’s fees, and (6) a management/administrative fee not to exceed four percent (4%) of the gross revenues of the Building; (vi) repair and maintenance of the elevators,
if any, and the structural portions of the Building, including the plumbing, heating, ventilating, air-conditioning and electrical systems installed or furnished by Landlord; (vii) maintenance, costs and upkeep of all parking and Common Areas;
(ix) amortization on a straight-line basis over the useful life together with interest at the Interest Rate (as defined in Section 1.13 of the Lease Summary) on the unamortized balance of all costs of a capital nature (including, without
limitation, capital improvements, capital replacements, capital repairs, capital equipment and capital tools): (1) reasonably intended to produce a cost savings to Tenant by causing a reduction in operating charges or energy consumption; or
(2) required after the date of this Lease under any Law that was not applicable to the Building at the time it was originally constructed; or (3) for repair or replacement of any equipment or improvements needed to operate and/or maintain
the Building, the Common Areas and/or the Site at the same quality levels as prior to the repair or replacement; (x) costs and expenses of gardening and landscaping; (xi) maintenance of signs (other than signs of tenants of the Site);
(xii) personal property taxes levied on or attributable to personal property used in connection with the Building, the Common Areas and/or the Site; and (xiii) costs and expenses of repairs, resurfacing, repairing, maintenance, painting,
lighting, cleaning, refuse removal, security and similar items, including appropriate and commercially reasonable reserves comparable to reserves established by similarly situated landlords of similarly situated premises. 

For purposes of determining the Operating Expenses for the Base Year, Operating Expenses shall not include one-time special assessments,
charges, costs or fees or extraordinary charges or costs incurred in the Base Year only, including those attributable to boycotts, embargoes, strikes or other shortages of services or supplies or amortized costs relating to capital improvements.
Operating Expenses shall not include Taxes, Insurance Costs or Utilities Costs which shall be separately accounted for under the terms of this Lease. 
 c.       Taxes.   Taxes are defined in Section 7.3 of the Standard Lease Provisions. All Taxes shall be adjusted to reflect an assumption that the
Building is fully assessed for real property tax purposes as a completed building(s) ready for occupancy. Notwithstanding anything herein to the contrary, if after the Commencement Date Taxes are reduced, then for purposes of all subsequent Lease
Years including the Lease Year in which the reduction occurs, the Base Costs of Taxes shall be proportionately reduced. Such reduction in the Base Costs of Taxes shall not be limited to the initial reduction, if any, but may, at Landlord’s
election, be subject to reduction annually upon each subsequent reduction in Taxes. When calculating Taxes for purposes of establishing the Taxes for the Base Year, Taxes shall not include Taxes attributable to one-time special assessments, charges,
costs, or fees arising from modifications or changes in Laws, including, but not limited to, the institution of a split tax roll during the Base Year. 

  
 -3-

 d.     Definition of Insurance
Costs.   Insurance Costs are defined in Section 7.4 of the Standard Lease Provisions. 

e.     Definition of Utilities Costs.   As used in this Lease, “Utilities
Costs” shall mean all actual charges for utilities for the Building and the Building Percentage of the same for the Property Common Areas calculated assuming the Property and Building are at least ninety-five percent (95%) occupied,
including but not limited to water, sewer and electricity, and the costs of heating, ventilating and air conditioning and other utilities (but excluding those charges for which tenants are individually responsible) as well as related fees,
assessments and surcharges. For purposes of determining the Base Costs with respect to Utilities Costs, Utilities Costs shall not include any one time special charges, costs or fees or any extraordinary charges or costs incurred in the Base Year
only, including, without limitation, utility rate increases and other costs arising from extraordinary market circumstances such as by way of example, boycotts, black-outs, brown-outs, the leasing of auxiliary power supply equipment, embargoes,
strikes or other shortages of services or fuel (whether or not such shortages are deemed actual or manufactured), or any conservation surcharges, penalties or fines incurred by Landlord. Furthermore, notwithstanding anything contained in this Lease
to the contrary, if at any time after the Commencement Date, the amount of Utilities Costs decreases, then for purposes of the calendar year in which such decrease in Utilities Costs occurs, and for all subsequent calendar years, the Base Costs with
respect to Utilities Costs shall be reduced by an amount equal to such decrease in Utilities Costs. Such decrease in the Base Costs of Utilities Costs shall not be limited to the initial decrease, if any, but may, at Landlord’s election, be
subject to decrease annually upon each subsequent decrease in Utilities Costs. 
 f.    
Excess Expenses, Taxes, Insurance Costs and Utilities Costs.   In addition to the Monthly Base Rent required to be paid by Tenant pursuant to Section 1.8 above, during each month during the Term (after the Base Year), Tenant
shall pay to Landlord, as Additional Rent (as defined below), the amount by which Tenant’s Percentage of Operating Expenses, Taxes, Insurance Costs and Utilities Costs for such calendar year exceeds the Operating Expenses for the Base Year,
Taxes, Insurance Costs and Utilities Costs (such amounts shall be referred to in this Section 1.18 as the “Excess Expenses,” “Excess Taxes,” “Excess Insurance Costs,” and “Excess Utilities
Costs,” respectively), in the manner and at the times set forth in the following provisions of this Section 1.18. No reduction in Operating Expenses, Taxes, Insurance Costs, or Utilities Costs after the Base Year will reduce the
Monthly Base Rent payable by Tenant hereunder or entitle Tenant to receive a credit against future installments of Operating Expenses, Taxes, Insurance Costs, Utilities Costs, or other Additional Rent due hereunder. If Landlord does not furnish a
particular service or work (the cost of which, if furnished by Landlord would be included in Operating Expenses, Insurance Costs, Utilities Costs or Taxes) to a tenant (other than Tenant) that has undertaken to perform such service or work in lieu
of receiving it from Landlord, then Operating Expenses, Insurance Costs, Utilities Costs and/or Taxes, as applicable, shall be considered to be increased by an amount equal to the additional Operating Expenses, Insurance Costs, Utilities Costs
and/or Taxes that Landlord would reasonably have incurred had Landlord furnished such service or work to that tenant. 
 g.     Estimate Statement.   By the first day of April (or as soon as practicable thereafter) of each calendar year during the Term after the Base Year, Landlord shall
endeavor to deliver to Tenant a statement (the “Estimate Statement”) estimating the Operating Expenses, Taxes, Insurance Costs, and Utilities Costs (the “Estimated Expenses”) for the current calendar year and the
estimated amount of Excess Expenses, Excess Taxes, Excess Insurance Costs, and Excess Utilities Costs (the “Estimated Excess Expenses”) payable by Tenant. If at any time during the Term, but not more often than quarterly, Landlord
reasonably determines that the estimated amount of Estimated Excess Expenses payable by Tenant for the current calendar year will be greater or less than the amount set forth in the then current Estimate Statement, Landlord may issue a revised
Estimate Statement and Tenant agrees to pay Landlord, within ten (10) days of receipt of the revised Estimate Statement, the difference between the amount owed by Tenant under such revised Estimate Statement and the amount owed by Tenant under
the original Estimate Statement for the portion of the then current calendar year which has expired. Thereafter Tenant agrees to pay Estimated Excess Expenses based on such revised Estimate Statement until Tenant receives the next calendar
year’s Estimate Statement or a new revised Estimate Statement for the current calendar year. The Estimated Excess Expenses shown on the Estimate Statement (or revised Estimate Statement, as applicable) shall be divided into twelve
(12) equal monthly installments, and Tenant shall pay to Landlord, concurrently with the regular monthly payment of Rent next due following the receipt of the Estimate Statement (or revised Estimate Statement, as applicable), an amount equal to
one (1) monthly installment of such Estimated Excess Expenses multiplied by the number of months from January in the calendar year in which such statement is submitted to the month of such payment, both months inclusive (less any amounts
previously paid by Tenant with respect to any previously delivered Estimate Statement or revised Estimate Statement for such calendar year). Subsequent installments shall be paid concurrently with the regular monthly payments of Rent for the balance
of the calendar year and shall continue until the next calendar year’s Estimate Statement (or current calendar year’s revised Estimate Statement) is received. 

h.     Actual Statement.   By the first day of June (or as soon as practicable
thereafter) of each subsequent calendar year during the Term after the Base Year, Landlord shall endeavor to deliver to Tenant a statement (“Actual Statement”) which states the Tenant’s Percentage of actual Operating Expenses,
Taxes, Insurance Costs, and Utilities Costs (the “Actual Expenses”) and Excess Expenses, Excess Taxes, Excess Insurance Costs, and Excess Utilities Costs (the “Actual Excess Expenses”) payable by Tenant for the
immediately preceding calendar year. If the Actual Statement reveals that the Actual Excess Expenses were under-stated in any Estimate Statement (or revised Estimate Statement) previously delivered by Landlord pursuant to Section 1.18 g. above,
then within thirty (30) days after Landlord’s delivery of the Actual Statement to Tenant, Tenant shall pay to Landlord the amount of any such under-payment. Such obligation will be a continuing one which will survive the expiration or

  
 -4-

 
earlier termination of this Lease. If the Actual Statement reveals that the Actual Excess Expenses were over-stated in any Estimate Statement (or revised Estimate Statement), Landlord will credit
any overpayment toward the next monthly installment(s) of Rent due from Tenant. Prior to the expiration or sooner termination of the Term and Landlord’s acceptance of Tenant’s surrender of the Premises, Landlord will have the right to
provide Tenant with an Estimate Statement for the Estimated Expenses for the then current Lease Year and to collect from Tenant prior to Tenant’s surrender of the Premises, Tenant’s Percentage of any Actual Excess Expenses over the
Estimated Expenses paid by Tenant in such Lease Year. 
 i.     No
Release.   Any delay or failure by Landlord in delivering any Estimate or Actual Statement pursuant to this Section 1.18 shall not constitute a waiver of its right to receive Tenant’s payment of Excess Expenses, Excess Taxes,
Excess Insurance Costs, and Excess Utilities Costs, nor shall it relieve Tenant of its obligations to pay Excess Expenses, Excess Taxes, Excess Insurance Costs, and Excess Utilities Costs pursuant to this Section 1.18, except that Tenant shall
not be obligated to make any payments based on such Estimate or Actual Statement until thirty (30) days after receipt of such statement. 
 j.     Exclusions from Operating Expenses, Taxes, Insurance Costs and Utilities Costs.   Notwithstanding anything contained in this Section 1.18 to the contrary,
the following items shall be excluded from Operating Expenses, Taxes, Insurance Costs, and Utilities Costs, as applicable: Costs of decorating, redecorating, or special cleaning or other services provided to certain tenants and not provided on a
regular basis to all tenants of the Building; (ii) Any charge for depreciation of the Building or equipment and any interest or other financing charge; (iii) All costs relating to activities for the marketing, solicitation, negotiation and
execution of leases of space in the Building, including without limitation, costs of tenant improvements; (iv) All costs for which Tenant or any other tenant in the Building is being charged other than pursuant to the operating expense clauses
of leases for the Building; (v) The cost of correcting defects in the construction of the Building or in the building equipment, except that conditions (not occasioned by construction defects) resulting from ordinary wear and tear will not be
deemed defects for the purpose of this category; (vi) To the extent Landlord is reimbursed by third parties, the cost of repair made by Landlord because of the total or partial destruction of the Building or the condemnation of a portion of the
Building; (vii) The cost of any items for which Landlord is reimbursed by insurance or otherwise compensated by parties other than tenants of the Building pursuant to clauses similar to this paragraph; (viii) Any operating expense
representing an amount paid to a related corporation, entity, or person which is in excess of the amount which would be paid in the absence of such relationship; (ix) The cost of any work or service performed for or facilities furnished to any
tenant of the Building to a greater extent or in a manner more favorable to such tenant than that performed for or furnished to Tenant; (x) The cost of alterations of space in the Building leased to other tenants; (xi) Ground rent or
similar payments to a ground lessor; (xii) Legal fees and related expenses incurred by Landlord (together with any damages awarded against Landlord) due to the gross negligence or willful misconduct of Landlord; (xiii) Costs arising from
the presence of any Hazardous Materials within, upon or beneath the Property by reason of Landlord’s introduction thereof to the Property in violation of Environmental Law applicable as of such introduction; (xiv) Costs for sculpture,
paintings or other objects of art in the Building which exceed those typically incurred in other similar office buildings in the area in which the Building is located; (xv) Salaries and compensation of ownership and management personnel to the
extent that such persons provide services to properties other than the Building; and (xvi) Costs of selling or financing the Building. 
 k.     Cap on Controllable Expenses.   Notwithstanding the terms and provisions hereof, for each Lease Year subsequent to the first full Lease Year, Tenant’s
share of Controllable Expenses (as defined below) will not exceed Tenant’s Maximum Share (as defined below) for such Lease Year. For the purposes hereof, “Tenant’s Maximum Share” means (a) for the second Lease Year, 106% of
Tenant’s share of Controllable Expenses for the first full Lease Year, and (b) for each Lease Year thereafter, 106% of Tenant’s Maximum Share for the prior Lease Year. For the purposes of this Section 1.18, “Controllable
Expenses” means all Operating Expenses other than Taxes, Utilities Costs, snow and ice removal and Insurance Costs. 
 1.19         Utilities and Services. 
 a.     Standard Utilities and Services.   So long as there exists no Event of Default beyond any applicable notice and cure period under any provisions of this Lease,
and subject to the terms and conditions of this Lease, and the obligations of Tenant as set forth hereinbelow, Landlord shall furnish or cause to be furnished to the Premises the following utilities and services (Landlord reserves the right to adopt
non-discriminatory modifications and additions to the following provisions from time to time): 

(i)       Landlord shall make the elevator of the Building available for Tenant’s
non-exclusive use, twenty-four (24) hours per day. Usage after Business Hours may require a card or other form of identification for access to the elevator. 

(ii)       Landlord shall furnish during the Business Hours for the Building specified in
Section 1.21, HVAC for the Premises as required in Landlord’s judgment for the comfortable and normal office occupancy of the Premises. The cost of maintenance and service calls to adjust and regulate the HVAC system shall be charged to
Tenant if the need for maintenance work results from either Tenant’s adjustment of room thermostats or Tenant’s failure to comply with its obligations under this Section 1.19, including keeping window coverings closed as needed. Such
work shall be charged at hourly rates equal to then-current journeyman’s wages for HVAC mechanics. If Tenant desires HVAC at any time other than during the Business Hours for the Building, Landlord shall provide such
“after-hours” usage after advance reasonable request by Tenant, and Tenant shall pay to Landlord, as Additional Rent (and not as part of the Operating Expenses) the cost, as fairly determined by Landlord, of such after-hours usage
(as well as the cost of any HVAC used by Tenant in excess of what Landlord considers reasonable or normal), which such cost is currently $65.00, subject to future commercially reasonable increases, including any minimum hour charges for after-hours
requests and any special start-up costs for after-hours services which requires a special start-up (such as late evenings, weekends and holidays). 

  
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 (iii)       Landlord shall furnish to the
Premises twenty-four (24) hours per day, reasonable quantities of electric current as furnished by substantially similar landlords of substantially similar premises for normal lighting and normal fractional horsepower office business machines.
In no event shall Tenant’s use of electric current ever exceed the capacity of the feeders to the Building or the risers or wiring installation of the Building. Landlord shall also furnish water to the Premises twenty-four (24) hours per
day for drinking and lavatory purposes, in such quantities as are furnished by substantially similar landlords for substantially similar premises for the comfortable and normal use of the Premises. If Tenant requires or consumes water or electrical
power in excess of what is considered reasonable or normal by Landlord, Landlord may require Tenant to pay to Landlord, as Additional Rent, the cost as fairly determined by Landlord incurred for such excess usage. 

(iv)       Landlord shall furnish janitorial services to the Premises five (5) days
per week pursuant to janitorial and cleaning specifications as may be adopted by Landlord from time to time. No person(s) other than those persons approved by Landlord shall be permitted to enter the Premises for such purposes. Janitor service shall
include ordinary dusting and cleaning by the janitor assigned to do such work and shall not include cleaning of carpets or rugs, except normal vacuuming, or moving of furniture, interior window cleaning, coffee or eating area cleaning and other
special services. Any additional janitorial services may be rendered by Landlord pursuant to written agreement with Tenant as to the extent of such services and the payment of the cost thereof. Janitor service will not be furnished on nights when
rooms are occupied after 7:30 p.m. or to rooms which are locked unless a key is furnished to the Landlord for use by the janitorial contractor. Window cleaning shall be done only by Landlord, at such time and frequency as determined by Landlord at
Landlord’s sole discretion, provided however the exterior windows shall be cleaned at least twice per year. Tenant shall pay to Landlord the cost of removal of any of Tenant’s refuse and rubbish to the extent that the same exceeds the
refuse and rubbish usually attendant upon the use of the Premises as offices. 

(v)       Landlord may provide security service or protection in the Building, in any
manner deemed reasonable by Landlord at Landlord’s sole discretion, from the Commencement Date throughout the Term. Landlord shall have no liability in connection with the decision whether or not to provide such services and Tenant hereby
waives all claims based thereon. Landlord shall not be liable for losses due to theft, vandalism or similar causes. Tenant shall have the right to install, at Tenant’s sole cost and expense, a separate security system for the Premises as an
Alteration; provided, however, that the plans and specifications for any such system shall be subject to Landlord’s reasonable approval, and the installation of such system shall otherwise be subject to the terms and conditions of Article 13 of
this Lease. Tenant shall at all times provide Landlord and any applicable fire or other emergency response personnel with the necessary codes and/or keys to disarm the security system and will provide Landlord with a contact who is familiar with the
functions of the alarm system in the event of a malfunction. Tenant will remove all of those portions of the security system installed by Tenant in the Premises upon the expiration or earlier termination of this Lease and repair any and all damage
to the Premises and Building caused by such removal in accordance with Section 13.2 hereof. 

(vi)       To the extent the Premises are not separately metered as of the Commencement
Date, at Landlord’s option, Landlord may install water, electricity and/or HVAC meters in the Premises to measure Tenant’s consumption of such utilities, including any after-hours and extraordinary usage described above. Tenant shall pay
to Landlord, within fifteen (15) days after demand, the cost of the installation, maintenance and repair of such meter(s). 

The costs of Building services shall be included in Operating Expenses and all charges with respect to utilities shall be included in
Utilities Costs as defined in Section 1.18 e. above, other than costs associated with “after hours” HVAC usage. Landlord may, but is not obligated to, upon Tenant’s request, provide additional services hereunder; provided,
however, that if Landlord does provide such extra services, Tenant agrees to pay a five percent (5%) administration fee in connection with such services, provided, however, that such administration fee shall not apply to “after hours”
HVAC usage. 
 Landlord shall have the right at any time and from time-to-time during the Term to contract for service from any
company or companies providing electricity service (“Service Provider”). Tenant shall cooperate with Landlord and the Service Provider at all times and, as reasonably necessary, shall allow Landlord and Service Provider reasonable access
to the Building’s electric lines, feeders, risers, wiring, and any other machinery within the Premises; provided, however, that Landlord shall use commercially reasonable efforts to minimize or to cause the Service Provider to minimize, any
unreasonable interference with Tenant’s business within the Premises during Tenant’s normal Business Hours. Landlord shall in no way be liable or responsible for any loss, damage, or expense that Tenant may sustain or incur by reason of
any change, failure, interference, disruption, or defect in the supply or character of the electric energy furnished to the Premises, or if the quantity or character of the electric energy supplied by the Service Provider is no longer available or
suitable for Tenant’s requirements, no such change, failure, defect, unavailability, or unsuitability shall constitute an actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of Rent, or relieve
Tenant from any of its obligations under this Lease. 
 b.     Tenant’s
Obligations.   Tenant shall cooperate fully at all times with Landlord, and abide by all reasonable regulations and requirements which Landlord may prescribe for the proper functioning and protection of the Building’s services and
systems. Tenant shall not use any apparatus or device in, upon or about the Premises which may in any way increase the amount of services or utilities usually furnished or supplied to the Premises or other premises in the Building. In addition,
Tenant shall not connect any conduit, pipe, apparatus or other device to the Building’s water, waste or other supply lines or systems for any purpose. Neither Tenant nor its employees, agents, contractors, licensees or invitees shall at any
time enter, adjust, tamper with, touch or otherwise in any manner affect the mechanical installations or facilities of the Building. 

  
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 1.20       Additional Repairs.

     a.     Landlord’s Additional Repair
Obligations.   In addition to Landlord’s repair obligations in Section 8.1 of the Standard Lease Provisions, and subject to Sections 17.1 and 17.2 of the Standard Lease Provisions, Landlord shall, as part of the
Operating Expenses, repair, maintain and replace, as necessary (a) the basic heating, ventilating, air conditioning (“HVAC”), sprinkler and electrical systems within the Building core and standard conduits, connections and
distribution systems thereof within the Premises (but not any above standard improvements installed in the Premises such as, for example, but not by way of limitation, custom lighting, special or supplementary HVAC or plumbing systems or
distribution extensions, special or supplemental electrical panels or distribution systems, or kitchen or restroom facilities and appliances to the extent such facilities and appliances are intended for the exclusive use of Tenant), and (b) the
Common Areas, if any; provided, however, to the extent such maintenance, repairs or replacements are required as a result of any intentional act, willful neglect or omission of Tenant or any of Tenant’s Parties, Tenant shall pay to Landlord, as
Additional Rent, the costs of such maintenance, repairs and replacements. Landlord shall not be liable to Tenant for failure to perform any such maintenance, repairs or replacements, unless Landlord shall fail to make such maintenance, repairs or
replacements and such failure shall continue for an unreasonable time following written notice from Tenant to Landlord of the need therefor. Without limiting the foregoing, Tenant waives the right to make repairs at Landlord’s expense under any
applicable Laws now or hereafter in effect. 
     b.    
Reserved. 
 1.21     Business Hours for the Building.  
7:00 a.m. to 6:00 p.m., Mondays through Fridays (except Building Holidays, as defined below) and 8:00 a.m. to 1:00 p.m. on Saturdays (except Building Holidays). Building Holidays mean New Year’s Day, Labor Day, Presidents’
Day, Thanksgiving Day, Memorial Day, Independence Day and Christmas Day and such other national holidays as are adopted by Landlord as holidays for the Building. Notwithstanding the foregoing, Tenant’s employees and personnel shall have access
to the Premises (and Building, if applicable and necessary to access the Premises) twenty-four (24) hours per day, seven (7) days a week, fifty two (52) weeks per year. 

1.22       Additional Parking Provisions.   In addition to such parking
privileges for use by Tenant’s employees, Landlord shall permit access to the parking areas for Tenant’s visitors, subject to availability of spaces. 
 1.23       Occupancy Level. [Intentionally Deleted]. 
 1.24       Right of First Offer.   Subject to the terms of this Section 1.24, Tenant shall have a one-time right to lease (“Tenant’s Right
to Lease”) up to an additional approximately 20,373 rentable square feet on the remainder of the 2nd floor of the Building to the extent space becomes available for lease to third parties after the expiration of any lease for such space
during the Term and/or Option Term, and after the existing tenant or occupant vacates any space (“First Offer Space”). Tenant’s Right to Lease is subject and subordinate to the rights now existing of all other existing tenants
of the Building or Property with prior expansion, renewal or lease rights relative to any First Offer Space. If any space on the second floor of the Building is presently vacant and available for lease, then such space shall not constitute First
Offer Space unless and until such space shall be first leased to another tenant and subsequently become available for lease after the expiration of the lease of such space, including the expiration of all renewal and extension options and after the
first tenant vacates such space, unless such space remains unleased two years after the date hereof, in which case such space shall constitute First Offer Space commencing two years after the date of this Lease. 

    a.     Promptly following written request (“Tenant Request”)
by Tenant, Landlord will give Tenant written notice of the availability of any First Offer Space and the date that the existing tenant or occupant, if any, is expected to vacate such space (“Landlord’s Availability Notice”).
Within 10 days following delivery of the Landlord’s Availability Notice, Tenant will have the right to request from Landlord in writing a written statement setting forth the basic economic terms, including, but not limited to, Landlord’s
determination of the Base Rent, tenant improvement allowance, if any, and all other economic terms and conditions (collectively, the “Economic Terms”), upon which Landlord is willing to lease the First Offer Space desired by Tenant,
either to Tenant or to a third party. Notwithstanding anything contained herein to the contrary, if the Tenant Request is given on or before the date that is twelve (12) months following the Commencement Date, the terms and conditions of such
amendment shall be the same economic terms as are applicable under this Lease on the date of such amendment, including the Allowance (reasonably prorated by Landlord to make such transaction coterminous with this Lease). Otherwise if Tenant’s
Request is given from and after the date that is twelve (12) months after the Commencement Date the terms and conditions of such amendment shall be those set forth in the Economic Terms. The Economic Terms will represent Landlord’s
reasonable determination of the fair market rental rate for such First Offer Space. The fair market rental rate, for purposes of this Section 1.24, shall mean the annual amount per square foot, projected during the relevant period, that a
willing, non-equity renewal tenant (excluding sublease and assignment transactions) would pay, and a willing, institutional landlord of a comparable quality office building located in the area of the Building would accept, in an arm’s length
transaction (what Landlord is accepting in then current transactions for the Building and any adjacent buildings owned by Landlord may be used for purposes of projecting rent for the relevant period), for space of comparable size, quality and floor
height as the First Offer Space, taking into account the age, quality and layout of the existing improvements in the First Offer Space, and taking into account items that professional real estate brokers or professional real estate appraisers
customarily consider, including, but not limited to, rental rates, space availability, tenant size, tenant improvement allowances, parking charges and any other lease considerations, if any, then being charged or granted by Landlord or the lessors
of such similar office buildings. 

  
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All Economic Terms other than Base Rent, such as tenant improvement allowance amounts, if any, operating expense allowances, parking charges, etc., will be established by Landlord and will be
factored into the determination of the fair market rental rate for the relevant period. Accordingly, the fair market rental rate will be an effective rate, not specifically including, but accounting for, the appropriate economic considerations
described above. 
     b.     Within five (5) business days after
receipt of the Economic Terms from Landlord, Tenant must give Landlord written notice pursuant to which Tenant shall elect to either: (i) lease such First Offer Space upon such Economic Terms and the same non-Economic Terms as set forth in this
Lease with respect to the Premises; (ii) decline to lease such First Offer Space, specifying that such declination is not based upon the Economic Terms, but upon Tenant’s lack of need for such First Offer Space, in which event Landlord may
at any time thereafter lease such First Offer Space to any party upon any terms Landlord deems appropriate; or (iii) decline to lease the First Offer Space, specifying that such declination is based upon the Economic Terms, in which event
Tenant will also specify revised Economic Terms upon which Tenant is willing to lease such First Offer Space. Tenant’s failure to timely choose either clause (i), clause (ii) or clause (iii) above will be deemed to be Tenant’s
choice of clause (ii) above. 
     c.     If Tenant gives Landlord
notice pursuant to clause (b)(iii) above, Landlord may elect, within five days following receipt of such notice from Tenant, either to: (i) lease such First Offer Space to Tenant upon such revised Economic Terms proposed by Tenant, and the same
other non-Economic Terms as set forth in this Lease; or (ii) lease the First Offer Space at any time thereafter to any third party upon terms which are not substantially more favorable to said party than the Economic Terms originally proposed
by Tenant. Landlord’s failure to timely choose either clause (i) or clause (ii) above will be deemed to be Landlord’s choice of clause (ii) above. 

    d.     If Tenant chooses (or is deemed to have chosen) clause (b)(ii) above,
or if Landlord chooses (or is deemed to have chosen) clause (c)(ii) above, Tenant’s Right to Lease any First Offer Space will be null and void. If Tenant exercises its Right to Lease as provided herein, the parties will promptly thereafter
execute an amendment to this Lease to include the First Offer Space in the Premises and to document the lease terms thereof. If Landlord is required to furnish improvements for the First Offer Space, rent for the First Offer Space shall be due and
payable upon the earlier of substantial completion of any tenant improvements for the First Offer Space or the date Tenant first occupies the First Offer Space. 

    e.     As provided above, Tenant’s Right to Lease is subject to all
expansion and extension rights and other rights to lease, as applicable which Landlord has granted to other tenants prior to the date of this Lease. Thus, Landlord’s Economic Terms will be delivered to Tenant only after Landlord has
appropriately notified and received negative responses from all other tenants with rights in the First Offer Space superior to Tenant’s rights. 
     f.     Tenant will have no Tenant’s Right to Lease, and Tenant’s Request will be ineffective, if an Event of Default under this Lease exists beyond
any applicable notice and cure period at the time Tenant’s Request is given or at the time the term with respect to the First Offer Space is scheduled to commence. Any termination of this Lease terminates all rights under this
Section 1.24. Any assignment or subletting by Tenant of this Lease or of all or a portion of the Premises terminates Tenant’s Right to Lease, unless Landlord consents to the contrary in writing at the time of such subletting or assignment.
Tenant’s Right to Lease may not be transferred separate and apart from Tenant’s interest in this Lease and/or to the Premises. 
 1.25       Generator License. Subject to all applicable Laws and any regulations or restrictions imposed by any architectural control committee, Landlord hereby grants
Tenant a license for the Term (as the same may be terminated or extended pursuant to this Lease) to install a generator with associated tank and concrete pad (collectively, the “Generator”) within a location designated by Landlord (the
“Generator Area”), and to use such portions of Building Common Areas (taking into account the location of the Generator Area) as reasonably required (and reasonably approved by Landlord) to connect the Generator to the Premises, all
subject to the terms and conditions of this Section 1.25. In connection with the use of the Building Common Areas, Tenant hereby agrees that to the extent Tenant’s use of the Building Common Areas for the Generator causes Landlord to lose
the use of any parking spaces in the Building Common Areas, the number of parking spaces lost shall be deducted from the number of parking spaces Tenant is entitled to use under the terms of this Lease. In no event will Tenant be entitled to install
any underground storage tanks in connection with the Generator or the license granted to Tenant hereunder. The license granted hereby shall be non-revocable by Landlord, except in the event of a default by Tenant under this Lease which continues
beyond the applicable notice and cure period. 

    (a)       Location; Approval of Plans. Landlord will
have the right to review and approve, in its reasonable discretion, all plans and specifications for the Generator and for the installation of the Generator and any related equipment. Landlord will have the right to designate the location of all
equipment connecting the Generator with the Premises (including, without limitation, all wires, cables and other connecting equipment). 
     (b)       Costs. Tenant will be solely responsible for all costs and expenses incurred in installing, operating (including any utility expense),
maintaining, repairing and removing the Generator from the common area and the Generator’s connections with the Premises. Without limiting the foregoing, Tenant will, at its sole cost and expense, comply with all Laws, and all reasonable
procedures established by Landlord, relating to the installation, operation, maintenance, repair and removal of the Generator and related equipment and facilities, the Generator’s connections with the Premises and the storage and use of any
hazardous materials related thereto, including, without limitation, diesel fuel. 

  
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    (c)       Enclosure; Use and Maintenance. Tenant, at
Tenant’s sole cost and expense, will, subject to compliance with Laws, enclose the Generator Area with a screening wall or other barrier (or screening) 
 which may include acoustical remediation features to dampen noise and vibration such that the Generator Area will be reasonably secure from entry by third parties and will not unreasonably interfere with
the operation and use of the Building or surrounding areas, or tenants or occupants thereof (the “Generator Enclosure”), all as reasonably required and approved by Landlord. The Generator will be used by Tenant only during (i) testing
and regular maintenance, and (ii) any period of electrical power outage in the Premises. Tenant will be entitled to operate the Generator for testing and regular maintenance only upon notice to Landlord and at times reasonably approved by
Landlord, but in no event during the hours of 7:00 a.m. and 6:00 p.m. 

    (d)       Title and Liability. Title in and to the
Generator and all equipment related thereto installed by Tenant will be vested in Tenant throughout the Term. Tenant will indemnify, defend and hold Landlord, Landlord’s Representative, Landlord’s managing agent, and Landlord’s
mortgagees and contractors harmless from and against any and all claims, costs, expenses and liabilities (including reasonable attorneys’ fees) arising out of or in connection with Tenant’s installation, operation, maintenance, repair and
removal of the Generator, the presence of the Generator within the Building Common Areas or connections with the Building and Premises, the Generator’s connections with the Premises and the storage, use or remediation of any hazardous materials
related thereto, including, without limitation, fuel of any kind, except to the extent arising out of the gross negligence or willful misconduct of Landlord. Tenant’s obligations under this Section 1.25(d) will survive the expiration or
earlier termination of the Term. 

    (e)       Removal. Tenant will, at its sole costs
and expense, remove the Generator and all equipment and facilities related thereto installed by Tenant on or before the end of the Term. Upon such removal, Tenant shall promptly restore the Generator Area and those portions of the Building Common
Areas used for the Generator and/or used to connect the Generator to the Premises, including, without limitation, parking spaces, medians, landscaping, trees, shrubs, plants and like material and asphalt, to their original condition that existed
prior to the installation of the Generator (or, with respect to landscaping, trees, shrubs, plants and like material, to the condition of the same in the surrounding areas, it being the intent of the parties, for example, that Tenant will restore
with trees of similar height to the other trees in the Building Common Areas as of the date of such restoration) to the extent such areas were damaged by Tenant’s installation and/or use of the Generator and related equipment or the removal
thereof, ordinary wear and tear excepted. The provisions of this Section 1.25(e) shall survive the termination or expiration of this Lease. 
     (f)       Applicability of Lease Terms. The Generator Area will be deemed a part of the Premises for all purposes under this Lease; provided, however,
that the Generator Area shall not be included in the Rentable Area of the Premises for the purpose of calculating Monthly Base Rent or Tenant’s Percentage. Otherwise, all references to Premises will mean both the Premises and the Generator
Area. 
 [REST OF PAGE INTENTIONALLY BLANK] 

  
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 STANDARD LEASE PROVISIONS 

ARTICLE 2 - LEASE 
 2.1       Lease Elements; Definitions; Exhibits.   This Lease is comprised of the Lease Summary and Property Specific Provisions (the
“Summary”), these Standard Lease Provisions (“Standard Provisions”) and all exhibits, and riders attached hereto (collectively, “Exhibits”), all of which are incorporated together as part of one and
the same instrument. All references in any such documents and instruments to “Lease” means the Summary, these Standard Provisions and all Exhibits attached hereto. All terms used in this Lease shall have the meanings ascribed to such terms
in the Summary, these Standard Provisions and any Exhibits. To the extent of any inconsistency between the terms and conditions of the Summary, these Standard Provisions, or any Exhibits attached hereto, the Summary and any Exhibits attached hereto
shall control over these Standard Provisions. 
 ARTICLE 3 - PREMISES 

3.1       Lease of Premises.   Landlord hereby leases to Tenant,
and Tenant hereby leases from Landlord, the Premises, upon and subject to, the terms, covenants and conditions of this Lease. Each party covenants and agrees, as a material part of the consideration for this Lease, to keep and perform their
respective obligations under this Lease. 
 3.2       Landlord’s Reserved
Rights.   Landlord reserves the right from time to time to do any of the following: (a) expand the Building and construct or alter other buildings or improvements on the Property as long as Tenant’s parking ratio is not below
the level specified in Section 1.11 hereof; (b) make any changes, additions, improvements, maintenance, repairs or replacements in or to the Property, Common Areas and/or the Building (including the Premises if required to do so by any
applicable Laws or to the extent necessary in conjunction with any improvements to the Property, Common Areas and/or the Building, provided that Tenant’s use of and access to the Premises is not materially and adversely affected), and the
fixtures and equipment thereof, including, without limitation: (i) maintenance, replacement and relocation of pipes, ducts, conduits, wires and meters and equipment above the ceiling surfaces, below the floor surfaces and within the walls of
the Building and the Premises; and (ii) changes in the location, size, shape and number of driveways, entrances, stairways, elevators, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas and walkways, easements,
parking spaces and parking areas as long as Tenant’s parking ratio is not reduced below the level specified in Section 1.11; (c) close temporarily any of the Property while engaged in making repairs, improvements or alterations to the
Property; and (d) perform such other acts and make such other changes with respect to the Property, as Landlord may, in the exercise of good faith business judgment, deem to be appropriate. If Landlord is required to reconfigure the Premises as
a result of any changes to the Property, Common Areas and/or the Building as a result of Landlord’s exercise of its rights under this Section 3.2, Landlord shall provide Tenant with reasonable advance written notice of the construction
schedule to the extent that the Premises are affected, and Landlord shall endeavor to minimize, as reasonably practicable, the interference with Tenant’s access to the Premises and business conducted thereon as a result of any such
construction. All measurements of rentable area in this Lease shall be deemed to be correct. 
 ARTICLE 4 - TERM AND
POSSESSION 
 4.1       Term; Notice of Lease Dates.  
The Term shall be for the period designated in the Summary commencing on the Commencement Date and ending on the Expiration Date, unless the Term is sooner terminated or extended as provided in this Lease. If the Commencement Date falls on any day
other than the first day of a calendar month then the Term will be measured from the first day of the month following the month in which the Commencement Date occurs. Within ten (10) days after Landlord’s written request, Tenant shall
execute a written confirmation of the Commencement Date and Expiration Date of the Term in the form of the Notice of Lease Term Dates. The Notice of Lease Term Dates shall be binding upon Tenant unless Tenant reasonably objects thereto in writing
within such ten (10) day period. 
 4.2       Possession.  
Landlord shall deliver possession of the Premises to Tenant following the execution of this Lease for Tenant’s construction of the Tenant Improvements as provided in the Work Letter. Landlord shall deliver possession of the Premises to Tenant
in its then as-is condition, subject to the provisions of Section 4.3 below. Tenant agrees that if Landlord is unable to deliver possession of the Premises to Tenant as required herein, this Lease will not be void or voidable, nor with Landlord
be liable to Tenant for any loss or damage resulting therefrom. Tenant agrees that if Landlord is unable to deliver possession of the Premises to Tenant by April 1, 2011, Tenant’s sole and exclusive remedy shall be to terminate this Lease
upon written notice to Landlord at which point this Lease shall terminate and be of no further force and effect effective on the date specified in such notice. Notwithstanding the foregoing, Landlord will not be obligated to deliver possession of
the Premises to Tenant until Landlord has received from Tenant all of the following: (i) a copy of this Lease fully executed by Tenant; (ii) any Security Deposit and the first installment of the non-abated Monthly Base Rent and Additional
Rent, if any, due under this Lease, which Tenant shall pay upon execution of this Lease; and (iii) copies of Tenant’s insurance certificates as required hereunder. 

4.3       Condition of Premises.   Landlord shall deliver the Premises to
Tenant in broom-clean condition and free of debris, with the existing Building-standard plumbing, lighting, and HVAC systems (collectively, the “Operating Systems”) in good operating condition. If a non-compliance with such warranty
exists as of the Commencement Date, or if one of such Operating Systems or elements should malfunction or fail within the warranty period below, as Tenant’s sole remedy for Landlord’s breach of this warranty, Landlord shall, as
Landlord’s sole obligation, promptly after receipt of written notice from Tenant setting forth with specificity the nature and extent of such non-compliance, malfunction or failure, repair same at Landlord’s expense; provided,

  
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however, Landlord shall have no liability hereunder for repairs or replacements necessitated by the intentional acts, willful neglect or omissions of Tenant and/or any of Tenant’s Parties.
The warranty period shall be sixty (60) days after delivery of the Premises to Tenant, including any Early Occupancy under Section 4.4 below. If Tenant does not give Landlord the required notice within said warranty period, correction of
any such non-compliance, malfunction or failure shall be the obligation of Tenant at Tenant’s sole cost and expense. Tenant acknowledges that, except as otherwise expressly set forth in this Lease and the Work Letter, if any, (i) neither
Landlord nor any agent of Landlord has made any representation or warranty with respect to the Premises, the Building or the Property or their condition, or with respect to the suitability thereof for the conduct of Tenant’s business, and
Tenant shall accept the Premises in its then as-is condition on delivery by Landlord, and (ii) the acceptance of possession of the Premises by Tenant shall establish that the Premises, the Building and the Property were at such time complete
and in good, sanitary and satisfactory condition and repair with all work required to be performed by Landlord, if any, pursuant to the Work Letter completed and without any obligation on Landlord’s part to make any further alterations,
upgrades or improvements thereto, subject only to completion of minor punch-list items that do not materially and adversely interfere with Tenant’s access to or ability to conduct business on the Premises and as identified by the parties to be
corrected by Landlord, if any, as provided in the Work Letter. The warranties made by Landlord in this Section 4.3 shall be of no force or effect if immediately prior to the Commencement Date, Tenant was the owner or occupant of the Premises.
In such event, Tenant shall be responsible for any necessary corrective work. 
 ARTICLE 5 - RENT 

5.1       Monthly Base Rent.   Tenant agrees to pay Landlord, the Monthly
Base Rent as designated in the Summary. Monthly Base Rent and recurring monthly charges of Additional Rent (defined below) shall be paid by Tenant in advance on the first day of each and every calendar month (“Due Date”) during the
Term, except that the first full month’s non-abated Monthly Base Rent and Additional Rent, if any, shall be paid upon Tenant’s execution and delivery of this Lease to Landlord. Monthly Base Rent for any partial month shall be prorated in
the proportion that the number of days this Lease is in effect during such month bears to the actual number of days in such month. 
 5.2       Additional Rent.   All amounts and charges payable by Tenant under this Lease in addition to Monthly Base Rent, if any, including, without
limitation, payments for Operating Expenses, Taxes, Insurance Costs and Utilities Costs to the extent payable by Tenant under this Lease shall be considered “Additional Rent”, and the word “Rent” in this Lease shall
include all such Additional Rent unless the context specifically states or clearly implies that only Monthly Base Rent is referenced. Rent shall be paid to Landlord, without any prior notice or demand therefor and without any notice, deduction or
offset, in lawful money of the United States of America. 
 5.3       Late
Charges & Interest Rate:   If Landlord does not receive Rent or any other payment due from Tenant within five (5) business days of the Due Date, Tenant shall pay to Landlord a late charge equal to ten percent
(10%) of such past due Rent or other payment. Tenant agrees that this late charge represents a fair and reasonable estimate of the cost Landlord will incur by reason of Tenant’s late payment. Accepting any late charge shall not constitute
a waiver by Landlord of Tenant’s Event of Default with respect to any overdue amount nor prevent Landlord from exercising any other rights or remedies available to Landlord. If any installment of Monthly Base Rent or Additional Rent, or any
other amount payable by Tenant hereunder is not received by Landlord by the Due Date, it shall bear interest at the Interest Rate set forth in the Summary from the Due Date until paid. All interest, and any late charges imposed pursuant to this
Section 5.3, shall be considered Additional Rent due from Tenant to Landlord under the terms of this Lease. 
 ARTICLE
6 - SECURITY DEPOSIT 
 Concurrently with Tenant’s execution and delivery of this Lease to
Landlord, Tenant shall deposit with Landlord the Security Deposit, if any, designated in the Summary. The Security Deposit shall be held by Landlord as security for the full and faithful performance by Tenant of all of the terms, covenants and
conditions of this Lease to be performed by Tenant during the Term. If there exists an Event of Default beyond any applicable notice and cure period, Landlord may (but shall not be required to) use, apply or retain all or any part of the Security
Deposit for the payment of any Rent, Additional Rent or any other sum in default, or for the payment of any other amount, loss or damage which Landlord may spend, incur or suffer by reason of Tenant’s Event of Default. If any portion of the
Security Deposit is so used or applied, Tenant shall, within ten (10) days after demand therefor, deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its original amount. Landlord shall not be required to keep
the Security Deposit separate from its general funds, and Tenant shall not be entitled to interest on the Security Deposit. If Tenant shall fully and faithfully perform every provision of this Lease to be performed by it, the Security Deposit or any
balance thereof shall be returned to Tenant within sixty (60) days following the later of (a) receipt by Landlord of the final Rent due from Tenant, or any other amount due from Tenant in accordance with the provisions of this Lease; or
(b) the date Tenant has surrendered the Premises to Landlord in compliance with the Provisions of this Lease, provided that Landlord may retain the Security Deposit until such time as any amount due from Tenant in accordance with this Lease has
been determined and paid in full. If Landlord sells its interest in the Building during the Term and if Landlord deposits with or credits to the purchaser the Security Deposit (or balance thereof), then, upon such sale, Landlord shall be discharged
from any further liability with respect to the Security Deposit. Notwithstanding anything contained herein to the contrary, provided that (a) there is not an Event of Default, and (b) Tenant’s Cash Flow (as defined below) is positive
(as evidenced by financial statements certified by Tenant’s chief executive officer or chief financial officer as being true, accurate and compute), the Security Deposit shall be reduced on the first day of the eighteenth (18th) full
calendar month of the initial Term to an amount equal to $28,679.50. If Tenant’s Cash Flow is not positive on the first day of the eighteenth (18th) full calendar month of the initial Term, Landlord shall periodically review Tenant’s
Cash Flow 

  
 -11-

 
every six (6) months until such time as Tenant’s Cash Flow is positive, at which time the Security Deposit shall be reduced to $28,679.50. For purposes of this Article 6, “Cash
Flow” means all revenues or other cash received, including, without limitation, cash (i) derived by the Tenant from normal business operations, (ii) minus (A) all expenses (other than depreciation, other similar noncash expenses,
and all dividends to Tenant’s shareholders, unless such shareholders do not receive salaries, in which case distributions of dividends to shareholders for salaries and tax purposes may be included as expenses hereunder, provided that such
distributions to Tenant’s shareholders are consistent with past distributions to Tenant’s shareholders) incurred incident to the normal operation of the Tenant’s business, (B) all commercially reasonable and necessary capital
expenditures made during such period, (C) all payments of principal and interest made during such period with respect to Tenant loans (excluding loans by Tenant’s shareholders), and (D) reasonable working capital and cash reserves
necessary for the needs and operation of the Tenant’s business, as determined in good faith taking into consideration the company’s historical working capital and cash reserves. 

ARTICLE 7 - OPERATING EXPENSES/UTILITIES/SERVICES 

7.1       Operating Expenses.   Tenant shall pay for or contribute to the
Operating Expenses as provided in the Summary. 
 7.2       Utilities and
Services.   Tenant shall pay for or contribute to the Utilities Costs as provided in the Summary. 

7.3       Taxes.   Tenant shall pay for or contribute to the Taxes for the
Property as described in the Summary. As used in this Lease, the term “Taxes” means: (a) all real property taxes and assessments, possessory interest taxes, sales taxes, personal property taxes; and (b) business or license
taxes or fees, gross receipts taxes, license or use fees, excises, transit charges, and other impositions of any kind (including fees “in-lieu” or in substitution of any such tax or assessment), if any, imposed upon or measured by Rent or
in lieu of Rent, to the extent that such taxes are in lieu of current real property taxes and assessments, which are now or hereafter assessed, levied, charged or imposed by any public authority upon the Building, Site, Property and/or Premises or
any portion thereof, its operations or the Rent derived therefrom (or any portion or component thereof, or the ownership, operation, or transfer thereof). Taxes shall not include inheritance or estate taxes imposed upon or assessed against the
interest of Landlord, gift taxes, excess profit taxes, franchise taxes, or similar taxes on Landlord’s business or any other taxes computed upon the basis of the net income of Landlord. If it shall not be lawful for Tenant to reimburse Landlord
for any such Taxes, the Monthly Base Rent payable to Landlord under this Lease shall be revised to net Landlord the same net rent after imposition of any such Taxes by Landlord as would have been payable to Landlord prior to the payment of any such
Taxes. Notwithstanding anything herein to the contrary, Tenant shall be liable for all taxes levied or assessed against personal property, furniture, fixtures, above-standard Tenant Improvements and alterations, additions or improvements placed by
or for Tenant in the Premises. Furthermore, Tenant shall pay prior to delinquency any (i) rent tax or sales tax, service tax, transfer tax or value added tax, or any other applicable tax on the rent or services provided herein or otherwise
respecting this Lease, (ii) taxes assessed upon or with respect to the possession, leasing, operation, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any portion of the Property; or (iii) taxes
assessed upon this transaction or any document to which Tenant is a party creating or transferring an interest or an estate in the Premises. 
 7.4       Insurance Costs.   Tenant shall pay for or contribute to Insurance Costs as provided in the Summary. As used in this Lease, “Insurance
Costs” means the cost of insurance obtained by Landlord pursuant to Article 15 (including self-insured amounts and deductibles, if any). 

7.5       Interruption of Utilities.   Landlord shall
have no liability to Tenant for any interruption in utilities or services to be provided to the Premises when such failure is caused by all or any of the following: (a) accident, breakage or repairs; (b) strikes, lockouts or other labor
disturbances or labor disputes of any such character; (c) governmental regulation, moratorium or other governmental action; (d) inability, despite the exercise of reasonable diligence, to obtain electricity, water or fuel; (e) service
interruptions or any other unavailability of utilities resulting from causes beyond Landlord’s control including without limitation, any electrical power “brown-out” or “black-out”; or (f) any other cause beyond
Landlord’s reasonable control. In addition, in the event of any such interruption in utilities or services, Tenant shall not be entitled to any abatement or reduction of Rent (except as expressly provided in this Section 7.5 and Articles
17 and 18 if such failure is a result of any casualty damage or taking described therein), no eviction of Tenant shall result, and unless otherwise specified herein, Tenant shall not be relieved from the performance of any covenant or agreement in
this Lease. In the event of any stoppage or interruption of services or utilities which are not obtained directly by Tenant, Landlord shall diligently attempt to resume such services or utilities as promptly as practicable. Tenant hereby waives the
provisions of any applicable existing or future Law, ordinance or governmental regulation permitting the termination of this Lease due to an interruption, failure or inability to provide any services. Notwithstanding anything contained in this Lease
to the contrary, if an interruption or suspension of services that is within Landlord’s reasonable control causes any portion of the Premises to become untenantable by Tenant for more than five (5) consecutive days, then and only in that
event, Tenant shall, as its sole and exclusive remedy, be entitled to a pro rata abatement of Monthly Base Rent and Operating Expenses as to such untenantable portion of the Premises commencing with the sixth (6th) business day that the same is untenantable; provided, however,
that Tenant shall not be entitled to any abatement of Monthly Base Rent and Operating Expenses due to such untenantability of the Premises (i) caused by any act or omission of Tenant or any of Tenant’s contractors, employees, agents,
invitees or licensees; (ii) where Tenant requests Landlord to make a decoration, alteration, improvement or addition; or (iii) where the repair in question or the services in question are those which Tenant is obligated to make or furnish
under any of the provisions of this Lease. 

  
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 ARTICLE 8 - MAINTENANCE AND REPAIR 

8.1       Landlord’s Repair Obligations.   In addition to any repair
obligations of Landlord set forth elsewhere in this Lease, Landlord, at Landlord’s cost, shall repair, maintain and replace as necessary, the foundation and structural elements of the Building (including structural load bearing walls and roof
structure), and utility meters, electrical lines, pipes and conduits serving the Building and the Premises; provided, however, to the extent such maintenance, repairs or replacements are required as a result of any intentional act, willful neglect
or omission of Tenant or any of Tenant’s Parties, Tenant shall pay to Landlord, as Additional Rent, the costs of such maintenance, repairs and replacements. Except as otherwise expressly provided in this Lease, Landlord shall have no obligation
to alter, remodel, improve, repair, renovate, redecorate or paint all or any part of the Premises. Except as otherwise stated in the Summary, Tenant waives the right to make repairs at Landlord’s expense under any applicable Laws. All other
repair and maintenance of the Premises, Building and Property to be performed by Landlord, if any, shall be as provided in the Summary. 
 8.2       Tenant’s Repair Obligations.   Except for Landlord’s obligations specifically set forth elsewhere in this Lease and in Section 8.1
above and in the Summary, Tenant shall at all times and at Tenant’s sole cost and expense, keep, maintain, clean, repair, preserve and replace, as necessary, the interior of the Premises and all parts thereof including, without limitation, all
Tenant Improvements, Alterations, and all furniture, fixtures and equipment, including, without limitation, all computer, telephone and data cabling and equipment, Tenant’s signs, if any, door locks, closing devices, security devices, interior
of windows, window sashes, casements and frames, floors and floor coverings, shelving, kitchen, restroom facilities and/or appliances of any kind located within the Premises, if any, custom lighting, and any additions and other property located
within the Premises, so as to keep all of the foregoing elements of the Premises in good condition and repair, reasonable wear and tear and casualty damage excepted. Tenant shall replace, at its expense, any and all plate and other glass in and
about the Premises which is damaged or broken from any cause whatsoever except due to the negligence or willful misconduct of Landlord, its agents or employees. Such maintenance and repairs shall be performed with due diligence, lien-free and in a
first-class and workmanlike manner, by licensed contractor(s) that are selected by Tenant and approved by Landlord, which approval Landlord shall not unreasonably withhold or delay. All other repair and maintenance of the Premises, Building and
Property to be performed by Tenant, if any, shall be as provided in the Summary. If Tenant refuses or neglects to repair and maintain the Premises properly as required hereunder to the reasonable satisfaction of Landlord, then at any time following
ten (10) days from the date on which Landlord makes a written demand on Tenant to effect such repair and maintenance, Landlord may enter upon the Premises and make such repairs and/or maintenance, and upon completion thereof, Tenant agrees to
pay to Landlord as Additional Rent, Landlord’s costs for making such repairs plus an amount not to exceed ten percent (10%) of such costs for overhead, within ten (10) business days of receipt from Landlord of a written itemized bill
therefor. Any amounts not reimbursed by Tenant within such ten (10) business day period will bear interest at the Interest Rate until paid by Tenant. 
 ARTICLE 9 - USE 
 Tenant shall use the Premises
solely for the Permitted Use specified in the Summary, and shall not use or permit the Premises to be used for any other use or purpose whatsoever without Landlord’s prior written approval. Tenant shall observe and comply with the Rules and
Regulations attached hereto as Exhibit E, as the same may be modified by Landlord from time to time, and all reasonable non-discriminatory modifications thereof and additions thereto from time to time put into effect and furnished to Tenant
by Landlord. Landlord shall endeavor to enforce the Rules and Regulations, but shall have no liability to Tenant for the violation or non-performance by any other tenant or occupant of any such Rules and Regulations. Tenant shall, at its sole cost
and expense, observe and comply with all Laws and all requirements of any board of fire underwriters or similar body relating to the Premises now or hereafter in force relating to or affecting the condition, use, occupancy, alteration or improvement
of the Premises (whether, except as otherwise provided herein, structural or nonstructural, including unforeseen and/or extraordinary alterations and/or improvements to the Premises and regardless of the period of time remaining in the Term). Tenant
shall not use or allow the Premises to be used for any improper, immoral, unlawful or reasonably objectionable purpose. Tenant shall not do or permit to be done anything that will obstruct or interfere with the rights of other tenants or occupants
of the Building or the Property, if any, or injure or annoy them. Tenant shall not cause, maintain or permit any nuisance in, on or about the Premises, the Building or the Property, nor commit or suffer to be committed any waste in, on or about the
Premises. 
 ARTICLE 10 - HAZARDOUS MATERIALS 

As used in this Lease, the term “Environmental Law(s)” means any past, present or future federal, state
or local Law relating to (a) the environment, human health or safety, including, without limitation, emissions, discharges, releases or threatened releases of Hazardous Materials (as defined below) into the environment (including, without
limitation, air, surface water, groundwater or land), or (b) the manufacture, generation, refining, processing, distribution, use, sale, treatment, receipt, storage, disposal, transport, arranging for transport, or handling of Hazardous
Materials. As used in this Lease, the term “Hazardous Materials” means and includes any hazardous or toxic materials, substances or wastes as now or hereafter designated or regulated under any Environmental Laws including, without
limitation, asbestos, petroleum, petroleum hydrocarbons and petroleum based products, urea formaldehyde foam insulation, polychlorinated biphenyls (“PCBs”), and freon and other chlorofluorocarbons. Except for ordinary and general
office supplies, such as copier toner, liquid paper, glue, ink and common household cleaning materials, and motor vehicle fuel stored in fuel tanks of motor vehicles used on site in compliance with all Environmental Laws (some or all of which may
constitute Hazardous Materials), Tenant agrees not to cause or permit any Hazardous Materials to be brought upon, stored, used, handled, generated, released or disposed of on, in, under or about the

  
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Premises, the Building, the Common Areas or any other portion of the Property by Tenant, its agents, officers, directors, shareholders, members, partners, employees, subtenants, assignees,
licensees, contractors or invitees (collectively, “Tenant’s Parties”), without the prior written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. Upon the expiration or earlier
termination of this Lease, Tenant agrees to promptly remove from the Premises, the Building and the Property, at its sole cost and expense, any and all Hazardous Materials, including any equipment or systems containing Hazardous Materials which are
installed, brought upon, stored, used, generated or released upon, in, under or about the Premises, the Building and/or the Property or any portion thereof by Tenant or any of Tenant’s Parties. To the fullest extent permitted by law, Tenant
agrees to promptly indemnify, protect, defend and hold harmless Landlord and Landlord’s members, shareholders, partners, officers, directors, managers, employees, agents, successors and assigns (collectively, “Landlord
Parties”) from and against any and all claims, damages, judgments, suits, causes of action, losses, liabilities, penalties, fines, expenses and costs (including, without limitation, clean-up, removal, remediation and restoration costs, sums
paid in settlement of claims, attorneys’ fees, consultant fees and expert fees and court costs) which arise or result from the presence of Hazardous Materials on, in, under or about the Premises, the Building or any other portion of the
Property and which are caused or permitted by Tenant or any of Tenant’s Parties. The provisions of this Article 10 will survive the expiration or earlier termination of this Lease. Tenant shall give Landlord Notice of any evidence of Mold,
water leaks or water infiltration in the Premises promptly upon discovery of same. At its expense, Tenant shall investigate, clean up and remediate any Mold in the Premises. Investigation, clean up and remediation may be performed only after Tenant
has Landlord’s written approval of a plan for such remediation. All clean up and remediation shall be done in compliance with all applicable Laws and to the reasonable satisfaction of Landlord. As used in this Lease, “Mold”
means mold, fungi, spores, microbial matter, mycotoxins and microbiological organic compounds. 
 Landlord
hereby warrants and represents to Tenant, as of the mutual execution and delivery of this Lease, to Landlord’s actual knowledge, that Landlord is not aware of any past or present activity, condition, use of the Premises, the Building, the
Property or the Site in whole or in part or any use handling, storage, transportation or release of Hazardous Materials that would constitute a violation of Environmental Laws. As used herein, the expression “to Landlord’s actual
knowledge,” or words of similar import, shall refer exclusively to matters within the current, actual, conscious knowledge of Linda MacDonald, and shall not be construed to impose on Landlord or such person any duty to investigate the matter to
which such actual knowledge, or the absence thereof, pertains or impose upon such person any liability or personal responsibility whatsoever hereunder. 
 ARTICLE 11 - PARKING 
 During the Term, Tenant shall
be entitled to utilize the number and type of parking spaces specified in the Summary within the parking areas for the Property as designated by Landlord from time to time. Landlord shall at all times have the right to establish and modify the
nature and extent of the parking areas for the Building and Property (including whether such areas shall be surface, underground and/or other structures); provided, however, that Tenant’s parking ratio shall not be reduced below the level
specified in Section 1.11 hereof. In addition, if Tenant is not the sole occupant of the Property, Landlord may, in its discretion, designate any unreserved parking spaces as reserved parking. The terms and conditions for parking at the
Property shall be as specified in the Summary and in the Rules and Regulations regarding parking as contained in Exhibit E attached hereto, as the same may be modified by Landlord from time to time. Tenant shall not use more parking spaces
than its allotment and shall not use any parking spaces specifically assigned by Landlord to other tenants, if any, or for such other uses such as visitor, handicapped or other special purpose parking. Tenant’s visitors shall be entitled to
access to the parking areas on the Property designated for visitor use, subject to availability of spaces and the terms of the Summary. 
 Tenant acknowledges and agrees that a breach of the parking provisions by Tenant or any Tenant’s Parties may seriously interfere with Landlord’s operation of the Property and with the rights or
occupancy of other tenants of the Property. In the event Tenant’s Parties fail to comply with Landlord’s reasonable rules and regulations, as the same may be modified from time to time, Landlord shall have the right to enforce such parking
violations against such Tenant’s Parties directly, including, without limitation, (a) issuing tickets and fines to the such Tenant’s Parties; (b) immobilizing and/or towing vehicles from the Property at the sole cost and expense
of such Tenant’s Parties; and (c) attaching violation stickers or notices to non-complying vehicles. Each vehicle parked in violation of the foregoing provisions shall be deemed a separate violation. If Tenant or any Tenant’s Parties
fails to comply with any of the parking provisions hereof on three (3) or more occasions, then Landlord shall have the right, but not the obligation, in addition to any other rights and remedies available under this Lease, at law or in equity
to discontinue to provide parking spaces to any such non-complying Tenant Party, in which case this Lease shall continue in full force and effect without any abatement in rent or charge to Landlord. 

ARTICLE 12 - TENANT SIGNS 
 Tenant shall have the right to have placed by Landlord, at Landlord’s expense, Tenant’s name on a building standard suite/unit door sign. In addition, subject to the rights of any existing
tenants or occupants of the Building or Property, Landlord’s prior written approval as the size, design, method of attachment and such other matters as Landlord deems necessary in its reasonable discretion, Laws and the approval of any
architectural review committee and any governmental and/or quasi-governmental authority having jurisdiction over the Building, Tenant shall have the right, at its sole cost and expense (including any utility and maintenance expenses) to utilize one
space on the existing exterior sign on the façade of the Building. At the expiration of earlier termination of this Lease, Tenant shall remove such sign and repair any damage caused by the removal at Tenant’s expense, which obligation
shall survive the expiration or termination of this Lease. Subsequent changes to Tenant’s sign and/or any additional signs, to the extent permitted by Landlord herein, shall be made or installed by Landlord at Tenant’s sole cost and
expense. 

  
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All aspects of any such signs shall be subject to the prior written consent of Landlord (which shall not be unreasonably withheld), and shall be per Landlord’s standard specifications and
materials, as revised by Landlord from time to time. Tenant shall have no right to install or maintain any other signs, banners, advertising, notices, displays, stickers, decals or any other logo or identification of any person, product or service
whatsoever, in any location on or in the Property except as (i) shall have been expressly approved by Landlord in writing prior to the installation thereof (which approval may be granted or withheld in Landlord’s sole and absolute
discretion), (ii) shall not violate any signage restrictions or exclusive sign rights contained in any then existing leases with other tenants of the Property, if any, and (iii) are consistent and compatible with all applicable Laws, and
the design, signage and graphics program from time to time implemented by Landlord with respect to the Property, if any. Landlord shall have the right to remove any signs or signage material installed without Landlord’s permission, without
being liable to Tenant by reason of such removal, and to charge the cost of removal to Tenant as Additional Rent hereunder, payable within ten (10) days of written demand by Landlord. Any additional sign rights of Tenant, if any, shall be as
provided in the Summary. 
 ARTICLE 13 - ALTERATIONS 

13.1       Alterations.   After installation of the initial Tenant
Improvements for the Premises, Tenant may, at its sole cost and expense, make alterations, additions, improvements and decorations to the Premises (“Alterations”) subject to and upon the following terms and conditions: 

a.             Tenant shall not make any Alterations which:
(i) affect any area outside the Premises including the outside appearance, character or use of any portions of the Building or other portions of the Property; (ii) affect the Building’s roof, roof membrane, any structural component or
any base Building equipment, services or systems (including fire and life/safety systems), or the proper functioning thereof, or Landlord’s access thereto; (iii) in the reasonable opinion of Landlord, lessen the value of the Building or
the Property; (iv) will violate or require a change in any occupancy certificate applicable to the Premises; or (v) would trigger a legal requirement which would require Landlord to make any alteration or improvement to the Premises,
Building or other aspect of the Property. 
 b.
            Tenant shall not make any Alterations not prohibited by Section 13.1(a), unless Tenant first obtains Landlord’s prior written consent, which consent Landlord shall not
unreasonably withhold, provided Landlord’s prior approval shall not be required for any Alteration that is not prohibited by Section 13.1(a) above and is of a cosmetic nature that satisfies all of the following conditions (hereinafter a
“Pre-Approved Alteration”): (i) the costs of such Alteration do not exceed Three 00/100 Dollars ($3.00) per rentable square foot of the Premises; (ii) to the extent reasonably required by Landlord or by law due to the
nature of the work being performed, Tenant delivers to Landlord final plans, specifications, working drawings, permits and approvals for such Alterations at least ten (10) days prior to commencement of the work thereof; (iii) Tenant and
such Alterations otherwise satisfy all other conditions set forth in this Section 13.1; and (iv) the making of such Alterations will not otherwise cause an Event of Default by Tenant under any provision of this Lease. Tenant shall provide
Landlord with ten (10) days’ prior written notice before commencing any Alterations. In addition, before proceeding with any Alteration, Tenant’s contractors shall obtain, on behalf of Tenant and at Tenant’s sole cost and
expense: (A) all necessary governmental permits and approvals for the commencement and completion of such Alterations, and (B) if the cost of such Alterations exceeds $25,000.00, a completion and lien indemnity bond, or other surety
satisfactory to Landlord for such Alterations. Landlord’s approval of any plans, contractor(s) and subcontractor(s) of Tenant shall not release Tenant or any such contractor(s) and/or subcontractor(s) from any liability with respect to such
Alterations and will create no liability or responsibility on Landlord’s part concerning the completeness of such Alterations or their design sufficiency or compliance with Laws. 

c.             All Alterations shall be performed:
(i) in accordance with the approved plans, specifications and working drawings, if any; (ii) lien-free and in a first-class workmanlike manner; (iii) in compliance with all Laws; (iv) in such a manner so as not to unreasonably
interfere with the occupancy of any other tenant, nor impose any additional expense upon nor delay Landlord in the maintenance and operation of the Building; (v) by licensed and bondable contractors and subcontractors selected by Tenant and
reasonably approved by Landlord, and (v) at such times, in such manner and subject to such rules and regulations as Landlord may from time to time reasonably designate. 

d.             Tenant shall pay to Landlord, as Additional
Rent, the reasonable costs of Landlord’s engineers and other consultants for review of all plans, specifications and working drawings for the Alterations, within ten (10) business days after Tenant’s receipt of invoices either from
Landlord or such consultants. In addition to such costs, Tenant shall pay to Landlord, within ten (10) business days after completion of any Alterations, a construction supervision fee equal to five percent (5%) of the total cost of the
Alterations and the actual, reasonable costs incurred by Landlord for any services rendered by Landlord’s management personnel and engineers to coordinate and/or supervise any of the Alterations to the extent such services are provided in
excess of or after the normal on-site hours of such engineers and management personnel. Notwithstanding anything contained in this subsection (d) to the contrary, Tenant shall not be obligated to pay any construction supervision fee related
exclusively to Alterations consisting solely of painting and/or the installation of new carpet and/or art. 
 e.
            Throughout the performance of the Alterations, Tenant shall obtain, or cause its contractors to obtain, workers compensation insurance and commercial general liability insurance
in compliance with the insurance provisions of this Lease. 

  
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 f.
            At Landlord’s sole cost and expense, Landlord shall install a bike rack at the Property in a location to be determined by Landlord. 

13.2       Removal of Alterations.   All Alterations and the initial
Tenant Improvements in the Premises (whether installed or paid for by Landlord or Tenant), shall become the property of Landlord and shall remain upon and be surrendered with the Premises at the end of the Term; provided, however, Landlord may, by
written notice delivered to Tenant within thirty (30) days after Landlord’s receipt of plans for any Alterations identify those Alterations which Landlord shall require Tenant to remove at the end of the Term. If Landlord requires Tenant
to remove any such Alterations, Tenant shall, at its sole cost, remove the identified items on or before the expiration or sooner termination of this Lease and repair any damage to the Premises caused by such removal to its original condition (or,
at Landlord’s option, Tenant shall pay to Landlord all of Landlord’s costs of such removal and repair). 
 13.3       Liens.   Tenant shall not permit any mechanic’s, materialmen’s or other liens to be filed against all or any part of the Property or the
Premises, nor against Tenant’s leasehold interest in the Premises, by reason of or in connection with any repairs, alterations, improvements or other work contracted for or undertaken by Tenant or any Tenant Party. If any such liens are filed,
Tenant shall, at its sole cost, immediately cause such liens to be released of record or bonded so that such lien(s) no longer affect(s) title to the Property, the Building or the Premises. If Tenant fails to cause any such lien to be released or
bonded within ten (10) business days after filing thereof, Landlord may cause such lien to be released by any means it shall deem proper, including payment in satisfaction of the claim giving rise to such lien, and Tenant shall reimburse
Landlord within five (5) business days after receipt of invoice from Landlord, any sum paid by Landlord to remove such liens, together with interest at the Interest Rate from the date of such payment by Landlord. 

ARTICLE 14 - TENANT’S INSURANCE 

14.1       Tenant’s Insurance.   On or before the earlier of the
Commencement Date or the date Tenant commences or causes to be commenced any work of any type in the Premises, and continuing during the entire Term, Tenant shall obtain and keep in full force and effect, the following insurance with limits of
coverage as set forth in Section 1.14 of the Summary: 
 a.
            Special Form (formerly known as “all risk”) insurance, including fire and extended coverage, sprinkler leakage (including earthquake sprinkler leakage), vandalism,
malicious mischief plus earthquake and flood coverage upon property of every description and kind owned by Tenant and located in the Premises or the Building, or for which Tenant is legally liable or installed by or on behalf of Tenant including,
without limitation, furniture, equipment and any other personal property, and any Alterations (but excluding the initial Tenant Improvements previously existing or installed in the Premises), in an amount not less then the full replacement cost
thereof. In the event that there shall be a dispute as to the amount which comprises full replacement cost, the decision of Landlord or the mortgagees of Landlord shall be presumptive. 

b.             Commercial general liability insurance
coverage on an occurrence basis, including personal injury, bodily injury (including wrongful death), broad form property damage, operations hazard, owner’s protective coverage, contractual liability (including Tenant’s indemnification
obligations under this Lease), liquor liability (if Tenant serves alcohol on the Premises), products and completed operations liability. The limits of liability of such commercial general liability insurance may be increased every three
(3) years during the Term upon reasonable prior notice by Landlord to an amount reasonably required by Landlord and appropriate for tenants of buildings comparable to the Building. 

c.             Commercial Automobile Liability covering all
owned, hired and non-owned automobiles. 
 d.
            Worker’s compensation, in statutory amounts and employers liability, covering all persons employed in connection with any work done in, on or about the Premises for which
claims for death, bodily injury or illness could be asserted against Landlord, Tenant or the Premises. 
 e.
            Umbrella liability insurance on an occurrence basis, in excess of and following the form of the underlying insurance described in Section 14.1.b. and 14.1.c. and the
employer’s liability coverage in Section 14.1.d. which is at least as broad as each and every area of the underlying policies. Such umbrella liability insurance shall include pay on behalf of wording, concurrency of effective dates with
primary policies, blanket contractual liability, application of primary policy aggregates, and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance, subject to customary commercially
reasonable deductible amounts imposed on umbrella policies. 
 f.
            [Intentionally Deleted]. 
 g.
            Loss of income, extra expense and business interruption insurance in such amounts as will reimburse Tenant for 12 months of direct or indirect loss of earnings attributable to
all perils commonly insured against by prudent tenants or attributable to prevention of access to the Premises, Tenant’s parking areas or to the Building as a result of such perils. 

h.             Any other form or forms of insurance as Tenant
or Landlord or the mortgagees of Landlord may reasonably require from time to time, in form, amounts and for insurance risks against which a prudent tenant of a building similar to the Building would protect itself, but only to the extent such risks
and amounts are available in the insurance market at commercially reasonable costs. 

  
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 14.2       Requirements.
  Each policy required to be obtained by Tenant hereunder shall: (a) be issued by insurers which are approved by Landlord and/or Landlord’s mortgagees and are authorized to do business in the state in which the Building is
located and rated not less than Financial Size X, and with a Financial Strength rating of A in the most recent version of Best’s Key Rating Guide (provided that, in any event, the same insurance company shall provide the coverages described in
Sections 14.1.a. and 14.1.g. above); (b) be in form reasonably satisfactory from time to time to Landlord; (c) name Tenant as named insured thereunder and shall name Landlord and, at Landlord’s request, such other persons or entities
of which Tenant has been informed in writing, as additional insureds thereunder, all as their respective interests may appear; (d) not have a deductible amount exceeding Five Thousand 00/100 Dollars ($5,000.00), which deductible amount shall be
deemed self-insured with full waiver of subrogation; (e) specifically provide that the insurance afforded by such policy for the benefit of Landlord and any other additional insureds shall be primary, and any insurance carried by Landlord or
any other additional insureds shall be excess and non-contributing; (f) contain an endorsement that the insurer waives its right to subrogation; (g) require the insurer to notify Landlord and any other additional insureds in writing not
less than thirty (30) days prior to any material change, reduction in coverage, cancellation or other termination thereof; (h) contain a cross liability or severability of interest endorsement; and (i) be in amounts sufficient at all
times to satisfy any coinsurance requirements thereof. Tenant agrees to deliver to Landlord, as soon as practicable after the placing of the required insurance, but in no event later than the date Tenant is required to obtain such insurance as set
forth in Section 14.1 above, certificates from the insurance company evidencing the existence of such insurance and Tenant’s compliance with the foregoing provisions of this Article 14. Tenant shall cause replacement certificates to be
delivered to Landlord not less than ten (10) days prior to the expiration of any such policy or policies. If any such initial or replacement certificates are not furnished within the time(s) specified herein, Landlord shall have the right, but
not the obligation, to procure such policies and certificates at Tenant’s expense. 
 14.3
      Effect on Insurance.   Tenant shall not do or permit to be done anything which will (a) violate or invalidate any insurance policy or coverage maintained by Landlord or Tenant hereunder, or
(b) increase the costs of any insurance policy maintained by Landlord. If Tenant’s occupancy or conduct of its business in or on the Premises results in any increase in premiums for any insurance carried by Landlord with respect to the
Building or the Property, Tenant shall either discontinue the activities affecting the insurance or pay such increase as Additional Rent within ten (10) business days after being billed therefor by Landlord. If any insurance coverage carried by
Landlord pursuant to this Lease or otherwise with respect to the Building or the Property shall be cancelled or reduced (or cancellation or reduction thereof shall be threatened) by reason of the use or occupancy of the Premises other than as
allowed by the Permitted Use by Tenant or by anyone permitted by Tenant to be upon the Premises, and if Tenant fails to remedy such condition within five (5) business days after notice thereof, an Event of Default shall be deemed to exist under
this Lease and Landlord shall have all remedies provided in this Lease, at law or in equity, including, without limitation, the right (but not the obligation) to enter upon the Premises and attempt to remedy such condition at Tenant’s cost.

 ARTICLE 15 - LANDLORD’S INSURANCE 

During the Term, Landlord shall maintain Property Insurance written on a Special Form (formerly known as “all
risk”) basis covering the Property and the Building, including the initial Tenant Improvements (excluding, however, Tenant’s furniture, equipment and other personal property and Alterations, unless Landlord otherwise elects to insure the
Alterations pursuant to Section 13.1 above) against damage by fire and standard extended coverage perils and with vandalism and malicious mischief endorsements, rental loss coverage, at Landlord’s option, earthquake damage coverage, and
such additional coverage as Landlord deems appropriate. Landlord shall also carry commercial general liability in such reasonable amounts and with such reasonable deductibles as would be carried by a prudent owner of a similar building in the state
in which the Building is located. At Landlord’s option, all such insurance may be carried under any blanket or umbrella policies that Landlord has in force for other buildings and projects. In addition, at Landlord’s option, Landlord may
elect to self-insure all or any part of such required insurance coverage. Landlord may, but shall not be obligated to carry any other form or forms of insurance as Landlord or the mortgagees or ground lessors of Landlord may reasonably determine is
advisable. The cost of insurance obtained by Landlord pursuant to this Article 15 (including self-insured amounts and deductibles) shall be included in Insurance Costs, except that any increase in the premium for the property insurance attributable
to the replacement cost of the Tenant Improvements in excess of Building standard shall not be included as Insurance Costs, but shall be paid by Tenant within thirty (30) days of invoice from Landlord. 

ARTICLE 16 - INDEMNIFICATION AND EXCULPATION 

16.1       Tenant’s Assumption of Risk and Waiver.   Except to the
extent such matter is not covered by the insurance required to be maintained by Tenant under this Lease and/or except to the extent such matter is attributable to the gross negligence or willful misconduct of Landlord or Landlord’s agents,
contractors or employees, Landlord shall not be liable to Tenant, or any of Tenant’s Parties for: (i) any damage to property of Tenant, or of others, located in, on or about the Premises, (ii) the loss of or damage to any property of
Tenant or of others by theft or otherwise, (iii) any injury or damage to persons or property resulting from fire, explosion, falling ceiling tiles masonry, steam, gas, electricity, water, rain or leaks from any part of the Premises or from the
pipes, appliance of plumbing works or from the roof, street or subsurface or from any other places or by dampness or by any other cause of whatsoever nature, (iv) any such damage caused by other tenants or persons in the Premises, occupants of
any other portions of the Property, or the public, or caused by operations in construction of any private, public or quasi-public work, or (v) any interruption of Utilities and Services. Landlord shall in no event be liable to Tenant for any
consequential damages or for loss of business, revenue, income or profits and Tenant hereby waives any and all claims for any such damages. Notwithstanding anything to the contrary contained in this Section 16.1, all property of Tenant and
Tenant’s Parties kept or stored on the Premises, whether leased or owned by any such parties, shall be so kept or stored at the sole risk of Tenant and Tenant shall hold Landlord harmless from any claims arising out of damage to the same,
including subrogation claims by Tenant’s insurance carriers. Landlord or its agents shall not be liable for interference with light or other intangible rights. 

  
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 16.2       Tenant’s
Indemnification.   Tenant shall be liable for, and shall indemnify, defend, protect and hold Landlord and the Landlord Parties harmless from and against, any and all claims, damages, judgments, suits, causes of action, losses,
liabilities and expenses, including, without limitation, attorneys’ fees and court costs (collectively, “Indemnified Claims”), arising or resulting from (a) any occurrence in the Premises following the date Landlord
delivers possession of all or any portion of the Premises to Tenant, except to the extent caused by the gross negligence or willful misconduct of Landlord or Landlord’s agents, contractors or employees, (b) any intentional act, gross
negligence, willful misconduct or omission of Tenant or any of Tenant’s Parties; (c) the use of the Premises, the Building and the Property and conduct of Tenant’s business by Tenant or any of Tenant’s Parties, or any other
activity, work or thing done, permitted or suffered by Tenant or any of Tenant’s Parties, in or about the Premises, the Building or elsewhere on the Property; and/or (d) any Event of Default by Tenant as to any obligations on Tenant’s
part to be performed under the terms of this Lease or the terms of any contract or agreement to which Tenant is a party or by which it is bound, affecting this Lease or the Premises. The foregoing indemnification shall include, but not be limited
to, any injury to, or death of, any person, or any loss of, or damage to, any property on the Premises, or connected with the use, condition or occupancy thereof, whether or not Landlord or any Landlord Parties has or should have knowledge or notice
of the defect or conditions causing or contributing to such injury, death, loss or damage. The foregoing indemnification shall not include damage to adjoining sidewalks, streets or ways except to the extent caused by Tenant’s signage. In case
any action or proceeding is brought against Landlord or any Landlord Parties by reason of any such Indemnified Claims, Tenant, upon notice from Landlord, shall defend the same at Tenant’s expense by counsel approved in writing by Landlord,
which approval shall not be unreasonably withheld. Tenant’s indemnification obligations under this Section 16.2 and elsewhere in this Lease shall survive the expiration or earlier termination of this Lease. Tenant’s covenants,
agreements and indemnification in Section 16.1 and this Section 16.2 are not intended to and shall not relieve any insurance carrier of its obligations under policies required to be carried by Tenant pursuant to the provisions of this
Lease. 
 16.3       Landlord’s Indemnification of Tenant.
  Notwithstanding anything to the contrary contained in Section 16.1 or 16.2, Tenant shall not be required to protect, defend, save harmless or indemnify Landlord from any liability for injury, loss, accident or damage to any person
resulting from Landlord’s grossly negligent acts or omissions or willful misconduct or that of its agents, contractors, servants, employees or licensees, in connection with Landlord’s activities on or about the Premises, and subject to the
terms of Article 22, Landlord hereby indemnifies and agrees to protect, defend and hold Tenant harmless from and against Indemnified Claims arising out of Landlord’s grossly negligent acts or omissions or willful misconduct or those of its
agents, contractors, servants, employees or licensees in connection with Landlord’s activities on or about the Premises. Such exclusion from Tenant’s indemnity and such agreement by Landlord to so indemnify and hold Tenant harmless are not
intended to and shall not relieve any insurance carrier of its obligations under policies required to be carried by Tenant pursuant to the provisions of this Lease to the extent that such policies cover (or, if such policies would have been carried
as required, would have covered) the result of grossly negligent acts or omissions or willful misconduct of Landlord or those of its agents, contractors, servants, employees or licensees; provided, however, the provisions of this sentence shall in
no way be construed to imply the availability of any double or duplicate coverage. Landlord’s and Tenant’s indemnification obligations hereunder may or may not be coverable by insurance, but the failure of either Landlord or Tenant to
carry insurance covering the indemnification obligation shall not limit their indemnity obligations hereunder. 
 ARTICLE
17 - CASUALTY DAMAGE/DESTRUCTION 
 17.1       Landlord’s Rights
and Obligations.   If the Premises or the Building is damaged by fire or other casualty not caused by the negligence or willful misconduct of Tenant (“Casualty”) to an extent not exceeding forty-nine percent
(49%) of the full replacement cost thereof, and Landlord’s contractor estimates in writing delivered to the parties that the damage thereto is such that the Building and/or Premises may be repaired, reconstructed or restored to
substantially its condition immediately prior to such damage within one hundred twenty (120) days from the date of such casualty, and Landlord will receive insurance proceeds sufficient to cover the costs of such repairs, reconstruction and
restoration (including proceeds from Tenant and/or Tenant’s insurance which Tenant is required to deliver to Landlord pursuant to this Lease), then Landlord shall commence and proceed diligently with the work of repair, reconstruction and
restoration and this Lease shall continue in full force and effect. If, however, the Premises or the Building is damaged to an extent exceeding twenty-five percent (25%) of the full replacement cost thereof, or Landlord’s contractor
estimates that such work of repair, reconstruction and restoration will require longer than one hundred twenty (120) days to complete from the date of casualty, or Landlord will not receive insurance proceeds (and/or proceeds from Tenant, as
applicable) sufficient to cover the costs of such repairs, reconstruction and restoration, then Landlord may elect to either: (a) repair, reconstruct and restore the portion of the Premises or Building damaged by such Casualty (including the
Tenant Improvements, the Alterations that Landlord elects to insure pursuant to Section 13.1 and, to the extent of insurance proceeds received from Tenant, the Alterations that Tenant is required to insure pursuant to Section 13.1), in
which case this Lease shall continue in full force and effect; or (b) terminate this Lease effective as of the date which is thirty (30) days after Tenant’s receipt of Landlord’s election to so terminate. Under any of the
conditions of this Section 17.1, Landlord shall give written notice to Tenant of its intention to repair or terminate within the later of sixty (60) days after the occurrence of such Casualty, or fifteen (15) days after
Landlord’s receipt of the estimate from Landlord’s contractor or, as applicable, thirty (30) days after Landlord receives approval from Landlord’s Mortgagee to rebuild. 

17.2       Tenant’s Costs and Insurance Proceeds.   In the event of
any damage or destruction of all or any part of the Premises, Tenant shall immediately: (a) notify Landlord thereof; and (b) deliver to Landlord all insurance proceeds received by Tenant with respect to the Tenant Improvements and
Alterations (to the extent such 

  
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items are not covered by Landlord’s casualty insurance obtained by Landlord pursuant to this Lease) and with respect to Alterations in the Premises that Tenant is required to insure pursuant
to Section 13.1, excluding proceeds for Tenant’s furniture and other personal property, whether or not this Lease is terminated as permitted in Section 17.1, and Tenant hereby assigns to Landlord all rights to receive such insurance
proceeds. If, for any reason (including Tenant’s failure to obtain insurance for the full replacement cost of any Alterations which Tenant is required to insure pursuant to Section 13.1 hereof), Tenant fails to receive insurance proceeds
covering the full replacement cost of such Alterations which are damaged, Tenant shall be deemed to have self-insured the replacement cost of such Alterations, and upon any damage or destruction thereto, Tenant shall immediately pay to Landlord the
full replacement cost of such items, less any insurance proceeds actually received by Landlord from Landlord’s or Tenant’s insurance with respect to such items. 

17.3       Abatement of Rent.   If as a result of any such damage, repair,
reconstruction and/or restoration of the Premises or the Building, Tenant is prevented from using, and does not use, the Premises or any portion thereof, then Rent shall be abated or reduced, as the case may be, during the period that Tenant
continues to be so prevented from using and does not use the Premises or portion thereof, in the proportion that the rentable square feet of the portion of the Premises that Tenant is prevented from using, and does not use, bears to the total
rentable square feet of the Premises. Notwithstanding the foregoing to the contrary, if the damage is due to the negligence or willful misconduct of Tenant or any of Tenant’s Parties, there shall be no abatement of Rent. Except for abatement of
Rent as provided for in this Lease, Tenant shall not be entitled to any compensation or damages for loss of, or interference with, Tenant’s business or use or access of all or any part of the Premises resulting from any such damage, repair,
reconstruction or restoration. 
 17.4       Inability to Complete.
  Notwithstanding anything to the contrary contained in this Article 17, if Landlord is obligated or elects to repair, reconstruct and/or restore the damaged portion of the Building or Premises pursuant to Section 17.1 above, but is
delayed from completing such repair, reconstruction and/or restoration beyond the date which is six (6) months after the date estimated by Landlord’s contractor for completion thereof pursuant to Section 17.1, by reason of any causes
beyond the reasonable control of Landlord (including, without limitation, delays due to Force Majeure, and delays caused by Tenant or any of Tenant’s Parties), then Landlord may elect to terminate this Lease upon thirty (30) days’
prior written notice to Tenant. 
 17.5       Damage to the Property.
  If there is a total destruction of the improvements on the Property or partial destruction of such improvements, the cost of restoration of which would exceed one-third (1/3) of the then replacement value of all improvements on the
Property, by any cause whatsoever, whether or not insured against and whether or not the Premises are partially or totally destroyed, Landlord may within a period of ninety (90) days after the occurrence of such destruction, notify Tenant in
writing that it elects not to so reconstruct or restore such improvements, in which event this Lease shall cease and terminate as of the date of such destruction. 

17.6       Damage Near End of Term.   In addition to its termination
rights in Sections 17.1, 17.4 and 17.5 above, Landlord shall have the right to terminate this Lease if any damage to the Building or Premises occurs during the last twelve (12) months of the Term and Landlord’s contractor estimates in
writing delivered to the parties that the repair, reconstruction or restoration of such damage cannot be completed within the earlier of (a) the scheduled expiration date of the Term, or (b) sixty (60) days after the date of such
casualty. 
 17.7       Tenant’s Termination Right.   In the
event of any damage or destruction which affects Tenant’s use and enjoyment of the Premises which is not caused by Tenant or any of Tenant’s Parties, if Tenant’s possession and use of the Premises cannot be restored by Landlord within
two hundred ten (210) days for reasons other than delays caused by Tenant or any of Tenant’s Parties, Tenant shall have the right to terminate this Lease upon written notice to Landlord. 

17.8       Waiver of Termination Right.   This Lease sets forth the terms
and conditions upon which this Lease may terminate in the event of any damage or destruction. Accordingly, except as expressly provided herein, Tenant hereby waives any and all provisions of applicable Law that provide alternative rights for the
parties in the event of damage or destruction. 
 ARTICLE 18 - CONDEMNATION 

18.1       Substantial or Partial Taking.   Subject to the provisions of
Section 18.3 below, either party may terminate this Lease if any material part of the Premises is taken or condemned for any public or quasi-public use under law, by eminent domain or private purchase in lieu thereof (a
“Taking”). Landlord shall also have the right to terminate this Lease if there is a Taking of any portion of the Building or the Property which would have a material adverse effect on Landlord’s ability to profitably operate
the remainder of the Building and/or the Property. The terminating party shall provide written notice of termination to the other party within thirty (30) days after it first receives notice of the Taking. The termination shall be effective as
of the effective date of any order granting possession to, or vesting legal title in, the condemning authority. If this Lease is not terminated, Base Rent and all other elements of this Lease which are dependant upon the area of the Premises, the
Building or the Property shall be appropriately adjusted to account for any reduction in the square footage of the Premises, Building or Property, as applicable. All compensation awarded for a Taking shall be the property of Landlord. The right to
receive compensation or proceeds are expressly waived by Tenant, however, Tenant may file a separate claim for Tenant’s furniture, fixtures, equipment and other personal property, loss of goodwill and Tenant’s reasonable relocation
expenses, provided the filing of the claim does not diminish the amount of Landlord’s award. 

  
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 18.2       Condemnation Award.
  Subject to the provisions of Section 18.3 below, in connection with any Taking of the Premises or the Building, Landlord shall be entitled to receive the entire amount of any award which may be made or given in such taking or
condemnation, without deduction or apportionment for any estate or interest of Tenant, it being expressly understood and agreed by Tenant that no portion of any such award shall be allowed or paid to Tenant for any so-called bonus or excess value of
this Lease, and such bonus or excess value shall be the sole property of Landlord. Tenant shall not assert any claim against Landlord or the taking authority for any compensation because of such taking (including any claim for bonus or excess value
of this Lease); provided, however, if any portion of the Premises is taken, Tenant shall be granted the right to recover from the condemning authority (but not from Landlord) any compensation as may be separately awarded or recoverable by Tenant for
the taking of Tenant’s furniture, fixtures, equipment and other personal property within the Premises, for Tenant’s relocation expenses, and for any loss of goodwill or other damage to Tenant’s business by reason of such taking.

 18.3       Temporary Taking.   In the event of a Taking of the
Premises or any part thereof for temporary use, (a) this Lease shall be and remain unaffected thereby and Rent shall not abate, and (b) Tenant shall be entitled to receive for itself such portion or portions of any award made for such use
with respect to the period of the taking which is within the Term, provided that if such taking shall remain in force at the expiration or earlier termination of this Lease, Tenant shall perform its obligations with respect to surrender of the
Premises and shall pay to Landlord the portion of any award which is attributable to any period of time beyond the Term expiration date. For purpose of this Section 18.3, a temporary taking shall be defined as a taking for a period of ninety
(90) days or less. 
 18.4       Waiver.   Tenant hereby
waives any rights it may have pursuant to any applicable Laws and agrees that the provisions hereof shall govern the parties’ rights in the event of any Taking. 
 ARTICLE 19 - WAIVER OF CLAIMS; WAIVER OF SUBROGATION 

19.1       Tenant Waiver.   Tenant hereby waives its rights against
Landlord for any claims or damages or losses, including any deductibles and self-insured amounts, which are caused by or result from (a) any occurrence insured under any property insurance policy carried by Tenant, or (b) any occurrence
which would have been covered under any property insurance required to be obtained and maintained by Tenant under this Lease had such insurance been obtained and maintained as required. The foregoing waiver shall be in addition to, and not a
limitation of, any other waivers or releases contained in this lease. 
 19.2
      Waiver of Insurers.   Tenant shall cause each property insurance policy carried by Tenant to provide that the insurer waives all rights of recovery by way of subrogation against Landlord, in
connection with any claims, losses and damages covered by such policy. If Tenant fails to maintain insurance for an insurable loss, such loss shall be deemed to be self-insured with a deemed full waiver of subrogation as set forth in the immediately
preceding sentence. 
 ARTICLE 20 - ASSIGNMENT AND SUBLETTING 

20.1       Restriction on Transfer.   Except with respect to a Permitted
Transfer pursuant to Section 20.6 below, Tenant shall not, without the prior written consent of Landlord, which consent Landlord will not unreasonably withhold, condition or delay assign this Lease or any interest herein or sublet the Premises
or any part thereof, or permit the use or occupancy of the Premises by any party other than Tenant (any such assignment, encumbrance, sublease, license or the like being sometimes referred to as a “Transfer”). In no event may Tenant
encumber or hypothecate this Lease or the Premises. This prohibition against Transfers shall be construed to include a prohibition against any assignment or subletting by operation of law. Any Transfer without Landlord’s consent (except for a
Permitted Transfer pursuant to Section 20.6 below) shall constitute an Event of Default by Tenant under this Lease, and in addition to all of Landlord’s other remedies at law, in equity or under this Lease, such Transfer shall be voidable
at Landlord’s election. For purposes of this Article 20, other than with respect to a Permitted Transfer under Section 20.6 and transfers of stock of Tenant if Tenant is a publicly-held corporation and such stock is transferred
publicly over a recognized security exchange or over-the-counter market, if Tenant is a corporation, partnership or other entity, any transfer, assignment, encumbrance or hypothecation of fourty-nine percent (49%) or more (individually or in
the aggregate) of any stock or other ownership interest in such entity, and/or any transfer, assignment, hypothecation or encumbrance of any controlling ownership or voting interest in such entity, shall be deemed an assignment of this Lease and
shall be subject to all of the restrictions and provisions contained in this Article 20. 
 20.2
      Landlord’s Options.   If Tenant desires to effect a Transfer, then at least thirty (30) days prior to the date when Tenant desires the Transfer to be effective (the “Transfer
Date”), Tenant shall deliver to Landlord written notice (“Transfer Notice”) setting forth the terms and conditions of the proposed Transfer and the identity of the proposed assignee, sublessee or other transferee (sometimes
referred to hereinafter as a “Transferee”). Tenant shall also deliver to Landlord with the Transfer Notice, a current financial statement and such evidence of financial responsibility and standing as Landlord may reasonably require
of the Transferee which have been certified or audited by a reputable independent accounting firm acceptable to Landlord, and such other information concerning the business background and financial condition of the proposed Transferee as Landlord
may reasonably request. Except with respect to a Permitted Transfer, within fifteen (15) business days of Landlord’s receipt of any Transfer Notice, and any additional information requested by Landlord pursuant to this Section 20.2,
Landlord will notify Tenant of its election to do one of the following: (a) consent to the proposed Transfer subject to such reasonable conditions as Landlord may impose in providing such consent; (b) refuse such consent, which refusal
shall be on reasonable grounds; or (c) terminate this Lease as to all or such portion of the Premises which is proposed to be sublet or assigned and recapture all or such portion of the Premises for reletting by Landlord, which termination
shall be effective as of the proposed Transfer Date. If Landlord exercises its option to terminate this Lease with respect to only a portion of the Premises following Tenant’s request for Landlord’s approval of the proposed sublease of
such space, Landlord shall be responsible for the construction of any demising wall which Landlord reasonably deems necessary to separate such space from the remainder of the Premises. 

  
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 20.3        Additional
Conditions; Excess Rent.  A condition to Landlord’s consent to any Transfer will be the delivery to Landlord of a true copy of the fully executed instrument of assignment, sublease, transfer or hypothecation, in form and substance
reasonably satisfactory to Landlord, an original of Landlord’s standard consent form executed by both Tenant and the proposed Transferee, and an affirmation of guaranty in form satisfactory to Landlord executed by each guarantor of this Lease,
if any. In addition, Tenant shall pay to Landlord as Additional Rent within thirty (30) days after receipt thereof, without affecting or reducing any other obligations of Tenant hereunder, fifty percent (50%) of any rent or other economic
consideration received by Tenant as a result of any Transfer which exceeds, in the aggregate, (i) the total Rent which Tenant is obligated to pay Landlord under this Lease (prorated to reflect obligations allocable to any portion of the
Premises subleased) for the applicable period, plus (ii) any reasonable brokerage commissions and attorneys’ fees actually paid by Tenant in connection with such Transfer, which commissions and fees shall, for purposes of the aforesaid
calculation, be amortized on a straight-line basis over the term of such assignment or sublease. If Tenant effects a Transfer or requests the consent of Landlord to any Transfer (whether or not such Transfer is consummated), then, upon demand, and
as a condition precedent to Landlord’s consideration of the proposed assignment or sublease, Tenant agrees to pay Landlord a non-refundable administrative fee of Five Hundred 00/100 Dollars ($500.00), plus Landlord’s reasonable
attorneys’ and paralegal fees and other costs incurred by Landlord in reviewing such proposed assignment or sublease (whether attributable to Landlord’s in-house attorneys or paralegals or otherwise). Acceptance of the Five Hundred Dollar
($500.00) administrative fee and/or reimbursement of Landlord’s attorneys’ and/or paralegal fees shall in no event obligate Landlord to consent to any proposed Transfer. 

20.4      Reasonable Disapproval.  Without limiting in any way
Landlord’s right to withhold its consent on any reasonable grounds, it is agreed that Landlord will not be acting unreasonably in refusing to consent to a Transfer if, in Landlord’s reasonable opinion: (a) the proposed Transfer would
result in more than two subleases of portions of the Premises being in effect at any one time during the Term; (b) the net worth or financial capabilities of a proposed assignee is less than that of Tenant and each guarantor of this Lease, if
any, or the proposed assignee or subtenant does not have the financial capability to fulfill the obligations imposed by the Transfer; (c) the proposed Transferee is an existing tenant of the Building or Property or is negotiating with Landlord
(or has negotiated with Landlord in the last six (6) months) for space in the Building or the Property; (d) the proposed Transferee is a governmental entity; (e) the portion of the Premises to be sublet or assigned is irregular in
shape with inadequate means of ingress and egress; (f) the proposed Transfer involves a change of use of the Premises or would violate any exclusive use covenant to which Landlord is bound; (g) the Transfer would likely result in
significant increase in the use of the parking areas by the Transferee’s employees or visitors, and/or significantly increase the demand upon utilities and services to be provided by Landlord to the Premises; or (h) the Transferee is not
in Landlord’s reasonable opinion of reputable or good character or consistent with Landlord’s desired tenant mix for the Building. 
 20.5      No Release.  No Transfer, occupancy or collection of rent from any proposed Transferee shall be deemed a waiver on the part of Landlord, or the
acceptance of the Transferee as Tenant and no Transfer shall release Tenant of Tenant’s obligations under this Lease or alter the primary liability of Tenant to pay Rent and to perform all other obligations to be performed by Tenant hereunder.
Landlord may require that any Transferee remit directly to Landlord on a monthly basis, all monies due Tenant by said Transferee, and each sublease shall provide that if Landlord gives said sublessee written notice of an Event of Default under this
Lease, said sublessee will thereafter make all payments due under the sublease directly to or as directed by Landlord, which payments will be credited against any payments due under this Lease. Tenant hereby irrevocably and unconditionally assigns
to Landlord all rents and other sums payable under any sublease of the Premises; provided, however, that Landlord hereby grants Tenant a license to collect all such rents and other sums so long as there exists no Event of Default under this Lease.
Consent by Landlord to one Transfer shall not be deemed consent to any subsequent Transfer. In the event of an Event of Default by any Transferee of Tenant or any successor of Tenant in the performance of any of the terms hereof, Landlord may
proceed directly against Tenant without the necessity of exhausting remedies against such Transferee or successor. Landlord may consent to subsequent assignments of this Lease or sublettings or amendments or modifications to this Lease with
assignees of Tenant, without notifying Tenant, or any successor of Tenant, and without obtaining its or their consent thereto and any such actions shall not relieve Tenant of liability under this Lease. 

20.6      Permitted Transfers.  Notwithstanding the provisions of
Section 20.1 above to the contrary, provided that there exists no uncured Event of Default, Tenant may assign this Lease or sublet the Premises or any portion thereof (herein, a “Permitted Transfer”), without Landlord’s
consent to any entity that controls, is controlled by or is under common control with Tenant, or to any entity resulting from a merger or consolidation with Tenant, or to any person or entity which acquires all the assets of Tenant’s business
as a going concern (each, a “Permitted Transferee”), provided that: (a) at least thirty (30) days prior to such assignment or sublease, Tenant delivers to Landlord a reasonably detailed description of the proposed Transfer
and the financial statements and other financial and background information of the assignee or sublessee described in Section 20.2 above; (b) in the case of an assignment, the assignee assumes, in full, the obligations of Tenant under this
Lease (or in the case of a sublease, the sublessee of a portion of the Premises or Term assumes, in full, the obligations of Tenant with respect to such portion) pursuant to an assignment and assumption agreement (or a sublease, as applicable)
reasonably acceptable to Landlord, a fully executed copy of which is delivered to Landlord within thirty (30) days following the effective date of such assignment or subletting; (c) each guarantor of this Lease executes a reaffirmation of
its guaranty in form satisfactory to Landlord; (d) the tangible net worth of the assignee or sublessee equals or exceeds that of Tenant as of (i) the date of execution of this Lease, or (ii) the date immediately preceding the proposed
Transfer, whichever is greater; (e) Tenant remains 

  
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fully liable under this Lease; (f) the use of the Premises is pursuant to Section 1.10 of this Lease; (g) such transaction is not entered into as a subterfuge to avoid the
restrictions and provisions of this Article 20 and will not violate any exclusive use covenant to which Landlord is bound; and (h) with respect to a subletting only, Tenant and such Permitted Transferee execute Landlord’s standard
consent to sublease form; and (i) there is no Event of Default under this Lease. 
 ARTICLE 21 - SURRENDER AND HOLDING
OVER 
 21.1        Surrender of
Premises.  Upon the expiration or sooner termination of this Lease, Tenant shall surrender all keys for the Premises and exclusive possession of the Premises to Landlord broom clean and in good condition and repair, reasonable wear and
tear excepted (and casualty damage excepted), with all of Tenant’s personal property, electronic, fiber, phone and data cabling and related equipment that is installed by or for the exclusive benefit of Tenant (to be removed in accordance with
the National Electric Code and other applicable Laws) and those items, if any, of Alterations identified by Landlord pursuant to Section 13.1, removed therefrom and all damage caused by such removal repaired. If Tenant fails to remove by the
expiration or sooner termination of this Lease all of its personal property and Alterations identified by Landlord for removal pursuant to Section 13.1, Landlord may, (without liability to Tenant for loss thereof), at Tenant’s sole cost
and in addition to Landlord’s other rights and remedies under this Lease, at law or in equity: (a) remove and store such items in accordance with applicable Law; and/or (b) upon ten (10) days’ prior notice to Tenant, sell
all or any such items at private or public sale for such price as Landlord may obtain as permitted under applicable Law. Landlord shall apply the proceeds of any such sale to any amounts due to Landlord under this Lease from Tenant (including
Landlord’s attorneys’ fees and other costs incurred in the removal, storage and/or sale of such items), with any remainder to be paid to Tenant. 
 21.2        Holding Over.  Tenant will not be permitted to hold over possession of the Premises after the expiration or earlier termination of the
Term without the express written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. If Tenant holds over after the expiration or earlier termination of the Term with or without the express written consent
of Landlord, then, in addition to all other remedies available to Landlord, Tenant shall become a tenant at sufferance only, upon the terms and conditions set forth in this Lease so far as applicable (including Tenant’s obligation to pay all
Additional Rent under this Lease), but at a Monthly Base Rent equal to one hundred fifty percent (150%) of the Monthly Base Rent applicable to the Premises immediately prior to the date of such expiration or earlier termination. Any such
holdover Rent shall be paid on a per month basis without reduction for partial months during the holdover. Acceptance by Landlord of Rent after such expiration or earlier termination shall not constitute consent to a hold over hereunder or result in
an extension of this Lease. This Section 21.2 shall not be construed to create any express or implied right to holdover beyond the expiration of the Term or any extension thereof. Tenant shall be liable, and shall pay to Landlord within ten
(10) days of demand, for all losses incurred by Landlord as a result of such holdover, and shall indemnify, defend and hold Landlord and the Landlord Parties harmless from and against all liabilities, damages, losses, claims, suits, costs and
expenses (including reasonable attorneys’ fees and costs) arising from or relating to any such holdover tenancy, including without limitation, any claim for damages made by a succeeding tenant. Tenant’s indemnification obligation hereunder
shall survive the expiration or earlier termination of this Lease. The foregoing provisions of this Section 21.2 are in addition to, and do not affect, Landlord’s right of re-entry or any other rights of Landlord hereunder or otherwise at
law or in equity. 
 ARTICLE 22 - DEFAULTS 

22.1        Tenant’s Default.  The occurrence of any one or
more of the following events shall constitute an “Event of Default” under this Lease by Tenant: 
       a.    the vacation or abandonment of the Premises by Tenant. “Abandonment” is herein defined to include, but is not limited to, any
absence by Tenant from the Premises for five (5) business days or longer while in default of any other provision of this Lease; 
       b.    the failure by Tenant to make any payment of Rent, Additional Rent or any other payment required to be made by Tenant hereunder, where such
failure continues for three (3) days after written notice thereof from Landlord that such payment was not received when due; provided that if Landlord provides two (2) or more notices of late payment within any twelve (12) month
period, then the third failure of Tenant to make any payment of Rent or any other payment required to be made by Tenant hereunder when due in the twelve (12) month period following the second (2nd) such notice shall be an automatic Event
of Default without notice from Landlord; 
       c.    the
failure by Tenant to observe or perform any of the express or implied covenants or provisions of this Lease to be observed or performed by Tenant, other than as specified in Sections 22.1(a) or (b) above, where such failure shall continue
for a period of ten (10) days after written notice thereof from Landlord to Tenant; provided, however, that if the nature of the Event of Default is such that it may be cured but more than ten (10) days are reasonably required for its
cure, then an Event of Default shall not be deemed to exist if Tenant shall commence such cure within said ten (10) day period and thereafter diligently prosecute such cure to completion, which completion shall occur not later than sixty
(60) days from the date of such notice from Landlord; or 

      d.    a Bankruptcy Event (as defined below) involving Tenant
shall occur, and in connection therewith Tenant is liquidated or dissolved or Tenant is proceeding towards its liquidation or dissolution. 
 Any notice sent by Landlord to Tenant pursuant to this Section 22.1 shall be in lieu of, and not in addition to, any notice required under any applicable Law. 

  
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 ARTICLE 23 - REMEDIES OF LANDLORD 

23.1        Landlord’s Remedies; Termination.  In the event
of any such Event of Default by Tenant, in addition to any other remedies available to Landlord under this Lease, at law or in equity, Landlord shall have the immediate option to terminate this Lease and all rights of Tenant hereunder. If Landlord
shall elect to so terminate this Lease, then Landlord may recover from Tenant all monetary damages allowed under applicable Law, which may include: (a) the worth at the time of award of any unpaid Rent which had been earned at the time of such
termination; plus (b) the worth at the time of the award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that Tenant proves could have been
reasonably avoided; plus (c) the worth at the time of award of the amount by which the unpaid Rent for the balance of the term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided; plus
(d) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or which, in the ordinary course of things, would be likely to result therefrom
including, but not limited to: Tenant Improvement costs; attorneys’ fees; brokers’ commissions; the costs of refurbishment, alterations, renovation and repair of the Premises; and removal (including the repair of any damage caused by such
removal) and storage (or disposal) of Tenant’s personal property, equipment, fixtures, Alterations, Tenant Improvements and any other items which Tenant is required under this Lease to remove but does not remove. 

As used in Sections 23.1(a) and 23.1(b) above, the “worth at the time of award” is computed by allowing interest at the
Interest Rate set forth in the Summary. As used in Section 23.1(c) above, the “worth at the time of award” is 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%). 
 23.2        Landlord’s Remedies;
Continuation of Lease; Re-Entry Rights.  In the event of any such Default by Tenant, in addition to any other remedies available to Landlord under this Lease, at law or in equity, Landlord shall also have the right to (a) continue
this Lease in effect after Tenant’s breach and abandonment and recover Rent as it becomes due, and (b) with or without terminating this Lease, to re-enter the Premises and remove all persons and property from the Premises; such property
may be removed, stored and/or disposed of as permitted by applicable Law. No re-entry or taking possession of the Premises by Landlord pursuant to this Section 23.2, and no acceptance of surrender of the Premises or other action on
Landlord’s part, shall be construed as an election to terminate this Lease unless a written notice of such intention be given to Tenant or unless the termination thereof be decreed by a court of competent jurisdiction. 

23.3        Landlord’s Right to Perform.  Except as
specifically provided otherwise in this Lease, all covenants and agreements by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any abatement or offset of Rent. In the event of any Event of
Default by Tenant, Landlord may, without waiving or releasing Tenant from any of Tenant’s obligations, make such payment or perform such other act as required to cure such Event of Default on behalf of Tenant. All sums so paid by Landlord and
all necessary incidental costs incurred by Landlord in performing such other acts shall be payable by Tenant to Landlord within ten (10) days after demand therefor as Additional Rent. 

23.4        Rights and Remedies Cumulative.  All rights, options
and remedies of Landlord contained in this Article 23 and elsewhere in this Lease shall be construed and held to be cumulative, and no one of them shall be exclusive of the other, and Landlord shall have the right to pursue any one or all of such
remedies or any other remedy or relief which may be provided by law or in equity, whether or not stated in this Lease. Nothing in this Article 23 shall be deemed to limit or otherwise affect Tenant’s indemnification of Landlord pursuant to any
provision of this Lease. 
 23.5        Costs Upon Event of Default
and Litigation.  Tenant shall pay to Landlord and its mortgagees as Additional Rent all the expenses incurred by Landlord or its mortgagees in connection with any Event of Default hereunder or the exercise of any remedy by reason of
any Event of Default hereunder, including reasonable attorneys’ fees and expenses. If Landlord or its mortgagees shall be made a party to any litigation commenced against Tenant or any litigation pertaining to this Lease or the Premises, at the
option of Landlord and/or its mortgagees, Tenant, at its expense, shall provide Landlord and/or its mortgagees with counsel approved by Landlord and/or its mortgagees and shall pay all costs incurred or paid by Landlord and/or its mortgagees in
connection with such litigation. 
 ARTICLE 24 - ENTRY BY LANDLORD 

Landlord and its employees and agents shall at all reasonable times have the right to enter the Premises to inspect the
same, to supply any service required to be provided by Landlord to Tenant under this Lease, to exhibit the Premises to prospective lenders or purchasers (or during the last year of the Term or during any Event of Default, to prospective tenants), to
post notices of non-responsibility, and/or to alter, improve or repair the Premises or any other portion of the Building or Property, all without being deemed guilty of or liable for any breach of Landlord’s covenant of quiet enjoyment or any
eviction of Tenant, and without abatement of Rent. In exercising such entry rights, Landlord shall endeavor to minimize, to the extent reasonably practicable, the interference with Tenant’s business, and shall provide Tenant with at least
twenty-four (24) hours’ advance notice (oral or written) of such entry (except in emergency situations, in which case only reasonable notice, if any, shall be required and for scheduled services). For each of the foregoing purposes,
Landlord shall at all times have and retain a key with which to unlock all of the doors in, upon and about the Premises, excluding Tenant’s vaults and safes, and Landlord shall have the means which Landlord may deem proper to open said doors in
an emergency in order to obtain entry to the Premises. Any entry to the Premises obtained by Landlord by any of said means or otherwise shall not under 

  
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any circumstances be construed or deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an eviction of Tenant from the Premises or any portion thereof, or grounds for
any abatement or reduction of Rent and Landlord shall not have any liability to Tenant for any damages or losses on account of any such entry by Landlord. 
 ARTICLE 25 - LIMITATION ON LANDLORD’S LIABILITY 

Notwithstanding anything contained in this Lease to the contrary, the obligations of Landlord under this Lease (including
as to any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual members, investors, partners, directors, officers, or shareholders of Landlord or Landlord’s members or partners, and Tenant
shall not seek recourse against the individual members, investors, partners, directors, officers, or shareholders of Landlord or Landlord’s members or partners or any other persons or entities having any interest in Landlord, or any of their
personal assets for satisfaction of any liability with respect to this Lease. In addition, in consideration of the benefits accruing hereunder to Tenant and notwithstanding anything contained in this Lease to the contrary, Tenant hereby covenants
and agrees for itself and all of its successors and assigns that the liability of Landlord for its obligations under this Lease (including any liability as a result of any actual or alleged failure, breach or default hereunder by Landlord), shall be
limited solely to, Landlord’s interest in the Building, and no other assets of Landlord. The term “Landlord” as used in this Lease, so far as covenants or obligations on the part of the Landlord are concerned, shall be limited to mean
and include only the owner or owners, at the time in question, of the fee title to, or a lessee’s interest in a ground lease of, the Property. In the event of any transfer or conveyance of any such title or interest (other than a transfer for
security purposes only), the transferor shall be automatically relieved of all covenants and obligations on the part of Landlord contained in this Lease. Landlord and Landlord’s transferees and assignees shall have the absolute right to
transfer all or any portion of their respective title and interest in the Premises, the Building, the Property and/or this Lease without the consent of Tenant, and such transfer or subsequent transfer shall not be deemed a violation on
Landlord’s part of any of the terms and conditions of this Lease. 
 ARTICLE 26 - SUBORDINATION 

Tenant accepts this Lease subject and subordinate to any mortgage(s), deed(s) of trust, ground lease(s) or other lien(s)
now or subsequently arising upon the Premises, the Building or the Property, and to renewals, modifications, refinancings and extensions thereof (collectively referred to as a “Mortgage”). This clause shall be self-operative, but no later
than ten (10) business days after written request from Landlord or any holder of a Mortgage (a “Mortgagee”), Tenant shall execute a commercially reasonable subordination agreement. As an alternative, a Mortgagee shall have the right
at any time to subordinate its Mortgage to this Lease. No later than ten (10) business days after written request by Landlord or any Mortgagee, Tenant shall, without charge, attorn to any successor to Landlord’s interest in this Lease.
Tenant hereby waives its rights under any current or future Law which gives or purports to give Tenant any right to terminate or otherwise adversely affect this Lease and the obligations of Tenant hereunder in the event of any such foreclosure
proceeding or sale. Should Tenant fail to sign and return any such documents within said ten (10) business day period, such failure shall constitute an Event of Default hereunder. Landlord, at no cost to Landlord, will use commercially
reasonable efforts to assist Tenant to cause any existing Mortgagee to deliver to Tenant a Subordination, Non Disturbance and Attornment Agreement in such Mortgagee’s form with respect to each Mortgage that encumbers the Building, Property, or
any portion thereof that includes the Premises. 
 ARTICLE 27 - ESTOPPEL CERTIFICATE 

27.1        Tenant’s Estoppel Certificate.  Within ten
(10) business days following Landlord’s written request, Tenant shall execute and deliver to Landlord an estoppel certificate, in a form substantially similar to the form of Exhibit F attached hereto. Any such estoppel
certificate delivered pursuant to this Article 27 may be relied upon by any mortgagee, beneficiary, purchaser or prospective purchaser of any portion of the Property, as well as their assignees. Tenant’s failure to deliver such estoppel
certificate following an additional two (2) business day cure period after notice shall constitute an Event of Default hereunder. Tenant’s failure to deliver such certificate within such time shall be conclusive upon Tenant that this Lease
is in full force and effect, without modification except as may be represented by Landlord, that there are no uncured defaults in Landlord’s performance, and that not more than one (1) month’s Rent has been paid in advance.

 27.2        Landlord’s Estoppel
Certificate.  Within ten (10) business days following Tenant’s written request (provided, however, that Tenant shall not make such request more than once per calendar year), Landlord shall execute and deliver to Landlord an
estoppel certificate stating that this Lease is (a) unmodified except and in full force and effect; or (b) unmodified except as specifically disclosed therein and in full force and effect as amended. Such certificate shall also state the
amount of Monthly Base Rent and Additional Rent, the dates to which Rent has been paid in advance and such other information as may be reasonably requested. 
 ARTICLE 28 - RELOCATION OF PREMISES 
 If Tenant
occupies less than twenty-five percent (25%) of the Building and Landlord requires the Premises for use by another tenant or for other reasons connected with Landlord’s space management plans for the Building or the Property, then Landlord
shall have the right, upon sixty (60) days’ prior written notice to Tenant, to relocate the Premises to other space of substantially similar size as the Premises, and with tenant improvements of substantially similar age, quality and
layout as then existing in the Premises. In the event of any such relocation, Landlord shall pay for the cost of providing such substantially similar tenant improvements (but not any furniture or personal

  
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property), and Landlord shall reimburse Tenant, within thirty (30) days after Landlord’s receipt of invoices and paid receipts, for the reasonable moving, telephone and data
installation and stationery reprinting costs actually paid for by Tenant in connection with such relocation. If Landlord so relocates Tenant, the terms and conditions of this Lease shall remain in full force and effect and apply to the new space,
except that (a) a revised Exhibit B shall become part of this Lease and shall reflect the location of the new space, (b) the Summary shall be amended to include and state all correct data as to the new space, and (c) such new
space shall thereafter be deemed to be the “Premises”. Landlord and Tenant agree to cooperate fully in order to minimize the inconvenience of Tenant resulting from such relocation. In the event Landlord relocates Tenant, Landlord agrees to
use commercially reasonable efforts, including causing any such relocation to take place after Business Hours, to minimize any material and adverse interruption with Tenant’s operations. 

ARTICLE 29 - MORTGAGEE PROTECTION 
 If, in connection with Landlord’s obtaining or entering into any financing or ground lease for any portion of the Building or Property, the lender or ground lessor shall request modifications to this
Lease, Tenant shall, within thirty (30) days after request therefor, execute an amendment to this Lease including such modifications, provided such modifications are reasonable, do not increase the obligations of Tenant hereunder, or adversely
affect the leasehold estate created hereby or Tenant’s rights hereunder. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed of trust or mortgagee covering
the Premises or ground lessor of Landlord whose address shall have been furnished to Tenant, and shall offer such beneficiary, mortgagee or ground lessor a reasonable opportunity to cure the default (including with respect to any such beneficiary or
mortgagee, time to obtain possession of the Premises, subject to this Lease and Tenant’s rights hereunder, by power of sale or judicial foreclosure, if such should prove necessary to effect a cure). 

ARTICLE 30 - QUIET ENJOYMENT 
 Landlord covenants and agrees with Tenant that, upon Tenant performing all of the covenants and provisions on Tenant’s part to be observed and performed under this Lease (including payment of Rent
hereunder), Tenant shall have the right to use and occupy the Premises in accordance with and subject to the terms and conditions of this Lease as against all persons claiming by, through or under Landlord. This covenant shall be binding upon
Landlord and its successors only during its or their respective periods of ownership of the Building. 
 ARTICLE 31 -
MISCELLANEOUS PROVISIONS 

31.1        Broker.  Tenant represents that it has not had any
dealings with any real estate broker, finder or intermediary with respect to this Lease, other than the Brokers specified in the Summary. Tenant shall indemnify, protect, defend (by counsel reasonably approved in writing by Landlord) and hold
Landlord harmless from and against any and all claims, judgments, suits, causes of action, damages, losses, liabilities and expenses (including attorneys’ fees and court costs) resulting from any breach by Tenant of the foregoing
representation, including, without limitation, any claims that may be asserted against Landlord by any broker, agent or finder undisclosed by Tenant herein. Landlord shall indemnify, protect, and hold Tenant harmless from and against any and all
claims, judgments, suits, causes of action, damages, losses, liabilities and expenses (including attorneys’ fees and court costs) resulting from any other brokers claiming to have represented Landlord in connection with this Lease. The
foregoing indemnities shall survive the expiration or earlier termination of this Lease. Landlord shall pay to the Brokers the brokerage fee, if any, pursuant to a separate written agreement between Landlord and Brokers. 

31.2        Governing Law.  This Lease shall be governed by, and
construed pursuant to, the laws of the state in which the Building is located. Tenant shall comply with all governmental and quasi-governmental laws, ordinances and regulations applicable to the Building, Property and/or the Premises, and all rules
and regulations adopted pursuant thereto and all covenants, conditions and restrictions applicable to and/or of record against the Building, Property and/or the Site (individually, a “Law” and collectively, the
“Laws”). 
 31.3        Successors and
Assigns.  Subject to the provisions of Article 25 above, and except as otherwise provided in this Lease, all of the covenants, conditions and provisions of this Lease shall be binding upon, and shall inure to the benefit of, the
parties hereto and their respective heirs, personal representatives and permitted successors and assigns; provided, however, no rights shall inure to the benefit of any Transferee of Tenant unless the Transfer to such Transferee is made in
compliance with the provisions of Article 20, and no options or other rights which are expressly made personal to the original Tenant hereunder or in any rider attached hereto shall be assignable to or exercisable by anyone other than the original
Tenant under this Lease. 
 31.4        No Merger.  The
voluntary or other surrender of this Lease by Tenant or a mutual termination thereof shall not work as a merger and shall, at the option of Landlord, either (a) terminate all or any existing subleases, or (b) operate as an assignment to
Landlord of Tenant’s interest under any or all such subleases. 

31.5        Professional Fees.  If either Landlord or Tenant
should bring suit (or alternate dispute resolution proceedings) against the other with respect to this Lease, including for unlawful detainer or any other relief against the other hereunder, then all costs and expenses incurred by the prevailing
party therein (including, without limitation, its actual appraisers’, accountants’, attorneys’ and other professional fees, expenses and court costs), shall be paid by the other party. 

31.6        Waiver.  The waiver by either party of any breach by
the other party of any term, covenant or condition herein contained shall not be deemed to be a waiver of any subsequent breach of the same or any other term, covenant and condition herein contained, nor shall any custom or practice which may become
established 

  
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between the parties in the administration of the terms hereof be deemed a waiver of, or in any way affect, the right of any party to insist upon the performance by the other in strict accordance
with said terms. No waiver of any default of either party hereunder or an Event of Default shall be implied from any acceptance by Landlord or delivery by Tenant (as the case may be) of any Rent or other payments due hereunder or any omission by the
non-defaulting party to take any action on account of such default or Event of Default if such default or Event of Default persists or is repeated, and no express waiver shall affect defaults or Events of Default other than as specified in said
waiver. 
 31.7        Terms and Headings.  The words
“Landlord” and “Tenant” as used herein shall include the plural as well as the singular. Words used in any gender include other genders. The Article and Section headings of this Lease are not a part of this Lease and shall have
no effect upon the construction or interpretation of any part hereof. Any deletion of language from this Lease prior to its execution by Landlord and Tenant shall not be construed to raise any presumption, canon of construction or implication,
including, without limitation, any implication that the parties intended thereby to state the converse of the deleted language. The parties hereto acknowledge and agree that each has participated in the negotiation and drafting of this Lease;
therefore, in the event of an ambiguity in, or dispute regarding the interpretation of, this Lease, the interpretation of this Lease shall not be resolved by any rule of interpretation providing for interpretation against the party who caused the
uncertainty to exist or against the draftsman. 

31.8        Time.  Time is of the essence with respect to
performance of every provision of this Lease in which time or performance is a factor. 

31.9        Business Day.  A “business day” is Monday
through Friday, excluding holidays observed by the United States Postal Service and reference to 5:00 p.m. is to the time zone of the recipient. Whenever action must be taken (including the giving of notice or the delivery of documents) under this
Lease during a certain period of time (or by a particular date) that ends (or occurs) on a non-business day, then such period (or date) shall be extended until the immediately following business day. 

31.10        Payments and Notices.  All Rent and other sums
payable by Tenant to Landlord hereunder shall be paid to Landlord at the address designated in the Summary, or to such other persons and/or at such other places as Landlord may hereafter designate in writing. Any notice required or permitted to be
given hereunder must be in writing and may be given by personal delivery (including delivery by nationally recognized overnight courier or express mailing service), or by registered or certified mail, postage prepaid, return receipt requested,
addressed to Tenant at the address(es) designated in the Summary, or to Landlord at the address(es) designated in the Summary. Either party may, by written notice to the other, specify a different address for notice purposes. Notice given in the
foregoing manner shall be deemed given (i) upon confirmed transmission if sent by facsimile transmission, provided such transmission is prior to 5:00 p.m. on a business day (if such transmission is after 5:00 p.m. on a business day or is on a
non-business day, such notice will be deemed given on the following business day), (ii) when actually received or refused by the party to whom sent if delivered by a carrier or personally served or (iii) if mailed, on the day of actual
delivery or refusal as shown by the certified mail return receipt or the expiration of three (3) business days after the day of mailing, whichever first occurs. 

31.11        Prior Agreements; Amendments.  This Lease,
including the Summary and all Exhibits attached hereto, contains all of the covenants, provisions, agreements, conditions and understandings between Landlord and Tenant concerning the Premises and any other matter covered or mentioned in this Lease,
and no prior agreement or understanding, oral or written, express or implied, pertaining to the Premises or any such other matter shall be effective for any purpose. No provision of this Lease may be amended or added to except by an agreement in
writing signed by the parties hereto or their respective successors in interest. The parties acknowledge that all prior agreements, representations and negotiations are deemed superseded by the execution of this Lease to the extent they are not
expressly incorporated herein. 

31.12        Separability.  The invalidity or unenforceability
of any provision of this Lease shall in no way affect, impair or invalidate any other provision hereof, and such other provisions shall remain valid and in full force and effect to the fullest extent permitted by law. 

31.13        Recording.  Neither Landlord nor Tenant shall
record this Lease or a short form memorandum of this Lease. 

31.14        Accord and Satisfaction.  No payment by Tenant or
receipt by Landlord of a lesser amount than the Rent payment herein stipulated shall be deemed to be other than on account of the Rent, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as Rent be
deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such Rent or pursue any other remedy provided in this Lease. Tenant agrees that each of the
foregoing covenants and agreements shall be applicable to any covenant or agreement either expressly contained in this Lease or imposed by any statute or at common law. 

31.15        Financial Statements.  Upon thirty (30) days
prior written request from Landlord (which Landlord may make at any time during the Term, including in connection with Tenant’s exercise of any Option in this Lease, but no more often that two (2) times in any calendar year, other than in
an Event of Default by Tenant during such calendar year or the exercise of any Option in such calendar year, when such limitation shall not apply), Tenant shall deliver to Landlord (a) a current financial statement of Tenant and any guarantor
of this Lease, and (b) financial statements of Tenant and such guarantor for the two (2) years prior to the current financial statement year. Such statements shall be prepared in accordance with generally acceptable accounting principles
and certified as true in all material respects by Tenant (if Tenant is an individual) or by an authorized officer, member/manager or general partner of Tenant (if Tenant is a corporation, limited liability company or partnership, respectively).

  
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 31.16        No
Partnership.  Landlord does not, in any way or for any purpose, become a partner of Tenant in the conduct of its business, or otherwise, or joint venturer or a member of a joint enterprise with Tenant by reason of this Lease.

 31.17        Force Majeure.  If either party hereto
shall be delayed or hindered in or prevented from the performance of any act required hereunder by reason of strikes, lock-outs, labor troubles, inability to procure materials, failure of power, governmental moratorium or other governmental action
or inaction (including, without limitation, failure, refusal or delay in issuing permits, approvals and/or authorizations), injunction or court order, riots, insurrection, war, terrorism, bioterrorism, fire, earthquake, flood or other natural
disaster or other reason of a like nature not the fault of the party delaying in performing work or doing acts required under the terms of this Lease (but excluding delays due to financial inability) (herein collectively, “Force Majeure
Delays”), then performance of such act shall be excused for the period of the delay and the period for the performance of any such act shall be extended for a period equivalent to the period of such delay. The provisions of this
Section 31.17 shall not apply to nor operate to excuse Tenant from the payment of Monthly Base Rent, or any Additional Rent or any other payments strictly in accordance with the terms of this Lease. 

31.18        Counterparts.  This Lease may be executed in one or
more counterparts, each of which shall constitute an original and all of which shall be one and the same agreement. 
 31.19        Nondisclosure of Lease Terms.  Tenant acknowledges and agrees that the terms of this Lease are confidential and constitute proprietary
information of Landlord. Disclosure of the terms could adversely affect the ability of Landlord to negotiate other leases and impair Landlord’s relationship with other tenants. Accordingly, Tenant agrees that it, and its partners, officers,
directors, employees, agents and attorneys, shall not intentionally and voluntarily disclose the terms and conditions of this Lease to any newspaper or other publication or any other tenant or apparent prospective tenant of the Building or other
portion of the Property, or real estate agent, either directly or indirectly, without the prior written consent of Landlord, provided, however, that Tenant may disclose the terms to prospective subtenants or assignees under this Lease. 

31.20        Tenant’s Authority.  If Tenant executes this
Lease as a partnership, corporation or limited liability company, then Tenant and the persons and/or entities executing this Lease on behalf of Tenant represent and warrant that: (a) Tenant is a duly organized and existing partnership,
corporation or limited liability company, as the case may be, and is qualified to do business in the state in which the Building is located; (b) such persons and/or entities executing this Lease are duly authorized to execute and deliver this
Lease on Tenant’s behalf; and (c) this Lease is binding upon Tenant in accordance with its terms. Tenant shall provide to Landlord a copy of any documents reasonably requested by Landlord evidencing such qualification, organization,
existence and authorization within ten (10) days of Landlord’s request. Tenant represents and warrants to Landlord that Tenant is not, and the entities or individuals constituting Tenant or which may own or control Tenant or which may be
owned or controlled by Tenant are not, (i) in violation of any Laws relating to terrorism or money laundering, or (ii) among the individuals or entities identified on any list compiled pursuant to Executive Order 13224 for the purpose of
identifying suspected terrorists or on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control at its official website, http://www.treas.gov/ofac/tllsdn.pdf or any replacement website or other replacement
official publication of such list. 
 31.21        Joint and Several
Liability.  If more than one person or entity executes this Lease as Tenant: (a) each of them is and shall be jointly and severally liable for the covenants, conditions, provisions and agreements of this Lease to be kept, observed
and performed by Tenant; and (b) the act or signature of, or notice from or to, any one or more of them with respect to this Lease shall be binding upon each and all of the persons and entities executing this Lease as Tenant with the same force
and effect as if each and all of them had so acted or signed, or given or received such notice. 

31.22        No Option.  The submission of this Lease for
examination or execution by Tenant does not constitute a reservation of or option for the Premises and this Lease shall not become effective as a Lease until it has been executed by Landlord and delivered to Tenant. 

31.23        Options and Rights in General.  Any option (each an
“Option” and collectively, the “Options”), including without limitation, any option to extend, option to terminate, option to expand, right to lease, right of first offer, and/or right of first refusal, granted to
Tenant is personal to the original Tenant executing this Lease or a Permitted Transferee and may be exercised only by the original Tenant executing this Lease while occupying the entire Premises and without the intent of thereafter assigning this
Lease or subletting the Premises or a Permitted Transferee and may not be exercised or be assigned, voluntarily or involuntarily, by any person or entity other than the original Tenant executing this Lease or a Permitted Transferee. The Options, if
any, granted to Tenant under this Lease are not assignable separate and apart from this Lease, nor may any Option be separated from this Lease in any manner, either by reservation or otherwise. Tenant will have no right to exercise any Option,
notwithstanding any provision of the grant of option to the contrary, and Tenant’s exercise of any Option may be nullified by Landlord and deemed of no further force or effect, if (i) there is an uncured Event of Default under this Lease
(or there would be an uncured Event of Default under this Lease but for the passage of time or the giving of notice, or both) as of Tenant’s exercise of the Option in question or at any time after the exercise of any such Option and prior to
the commencement of the Option event, (ii) Tenant has sublet all or more than fifty percent (50%) of the Premises except pursuant to a Permitted Transfer, or (iii) Landlord has given Tenant two (2) or more notices of default,
whether or not such Events of Default are subsequently cured, during any twelve (12) consecutive month period of this Lease. Each Option granted to Tenant, if any, is hereby deemed an economic term which Landlord, in its sole and absolute
discretion, may or may not offer in conjunction with any future extensions of the Term. 

  
 -27-

31.24        Bankruptcy.  If at any time during the Term there
is a Bankruptcy Event, the following provisions shall apply: 

        a.    Any receiver, assignee for the benefit of
creditors (“assignee”), trustee of any kind, or Tenant as debtor-in-possession (“debtor”) shall either expressly assume or reject this Lease within sixty (60) days following the assignment to the assignee or
the filing of the pleading initiating the receivership or bankruptcy case. All such parties agree that they will not seek court permission to extend such time for assumption or rejection. Failure to assume or reject in the time set forth herein
shall mean that this Lease may be terminated at Landlord’s option. Rejection of this Lease shall constitute an Event of Default under this Lease. 
         b.    If this Lease is assumed by a debtor, receiver, assignee or trustee, such party shall immediately after such assumption
(1) cure any Event of Default or provide adequate assurances that the Event of Default will be promptly cured; (2) pay Landlord for actual pecuniary loss or provide adequate assurances that compensation will be made for such loss; and
(3) provide adequate assurance of future performance. 

        c.    Where an Event of Default exists under this
Lease, the party assuming this Lease may not require Landlord to provide services or supplies incidental to this Lease before its assumption by such trustee or debtor, unless Landlord is compensated under the terms of this Lease for such services
and supplies provided before the assumption of this Lease. 

        d.    Landlord reserves all remedies available to
Landlord in Article 23 or at law or in equity in respect of a Bankruptcy Event by Tenant, to the extent such remedies are permitted by applicable Laws. 
 For the purposes of this Section 31.24, the term “Bankruptcy Event” means (a) a court filing by or against Tenant, of pleadings to initiate a bankruptcy petition of any kind, or the
appointment of a receiver or trustee of any or all of Tenant’s assets; (b) a receiver or trustee taking possession of any of the assets of Tenant, or if the leasehold interest herein passes to a receiver or trustee; or (c) Tenant
making an assignment for the benefit of creditors or petitioning for or entering into an arrangement with creditors during the Term. 
 31.25        Waiver of Jury Trial.  Landlord and Tenant hereby waive trial by jury in any action, proceeding or counterclaim brought by either of
the parties against the other on any matters whatsoever arising out of this Lease, or any other claims. 

31.26        Waiver of Consequential Damages.  In no event will
Landlord be liable to Tenant or any other person for consequential, special or punitive damages, including, without limitation, lost profits. 
 31.27        Light, Air and View.  No diminution of light, air or view by any structure, whether or not erected by Landlord, shall entitle Tenant
to any reduction of Rent, result in any liability of Landlord to Tenant, or in any other way affect this Lease or Tenant’s obligations hereunder. 
 31.28        No Offer.  THE SUBMISSION OF THIS DOCUMENT FOR EXAMINATION DOES NOT CONSTITUTE AN OFFER TO LEASE, OR A RESERVATION OF, OR OPTION FOR,
THE PREMISES. THIS DOCUMENT BECOMES EFFECTIVE AND BINDING ONLY UPON THE EXECUTION AND DELIVERY HEREOF BY THE PROPER REPRESENTATIVE OF LANDLORD AND BY TENANT. UNTIL SUCH TIME AS DESCRIBED IN THE PREVIOUS SENTENCE, EITHER PARTY IS FREE TO TERMINATE
NEGOTIATIONS WITH NO OBLIGATION TO THE OTHER. 
 [NO FURTHER TEXT ON THIS PAGE; SIGNATURES ON FOLLOWING PAGE] 

  
 -28-

 IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be
executed the date first above written. 
 Landlord: 

LBA REALTY FUND II–WBP III, LLC 

a Delaware limited liability company 
  

					
		 	By:	 	/s/ Brad Neglia
		 	Name:	 	Brad Neglia
		 	Title:	 	Authorized Signatory

 Tenant: 

TRULIA, INC, a Delaware corporation 
  

					
		 	By:	 	/s/ Peter Flint
		 	Name:	 	Peter Flint
		 	Title:	 	CEO

  
  
 For LBA Office Use Only: Prepared & Reviewed by:
                                         
        

  
 -29-

 EXHIBIT A 

PREMISES FLOOR PLAN 
  

 
  

  
 EXHIBIT A

 -1- 

 EXHIBIT B 

SITE PLAN AND LEGAL DESCRIPTION 
 SITE PLAN [WATERPARK AT BRIARWOOD - CENTENNIAL]: 
  

 

																							
		 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

  
 EXHIBIT B

 -1- 

 LEGAL DESCRIPTION WATERPARK AT BRIARWOOD - CENTENNIAL: 

Real Property situate in the County of Arapahoe, State of Colorado, described as follows: 
 Lot 1, Block 1, 
 Southshore Subdivision Filing No. One, 

County of Arapahoe, 
 State of Colorado.

  
 EXHIBIT B

 -2- 

 EXHIBIT C 

WORK LETTER 
 WORK LETTER FOR CONSTRUCTION OBLIGATIONS 

1.       Conflicts; Terms.  If there is any conflict or inconsistency
between the provisions of the Lease and those of this Exhibit C (“Work Letter”), the provisions of this Work Letter will control. Except for those terms expressly defined in this Work Letter, all initially capitalized terms
will have the meanings stated for such terms in the Lease. The following terms, which are not defined in the Lease have the meanings indicated: 
 1.1.      “Landlord’s Representative” means Jennie Fedrizzi. 
 1.2.      “Tenant’s Representative” means Fitzmartin Consulting, located at 1550 Larimer Street, Suite 857, Denver, Colorado 80202. 

1.3.      “Tenant’s Architect” means the licensed or registered
professional architects reasonably designated or approved by Landlord. 

1.4.      “Tenant’s Engineers” means the licensed or registered
professional engineers reasonably designated or approved by Landlord. 

1.5.      “Allowance” is as defined in the Lease. At the option of
Landlord, the Allowance shall be paid directly to the contracting parties entitled to payment. 

1.6.      “Cabling Allowance” is defined in the Lease. At the option of
Landlord, the Allowance shall be paid directly to the contracting parties entitled to payment. 

1.7.      “Leasehold Improvements” means, in addition to those Tenant
Improvements described in the Lease, all alterations, leasehold improvements and installations to be constructed or installed by Tenant in the Premises according to this Work Letter. 

1.8.      “Preliminary Plans” means space plans and general specifications
for the Leasehold Improvements prepared by Tenant’s Architect in such form (and on such scale in the case of plans and drawings) as Landlord may reasonably specify. 

1.9.      “Construction Documents” means complete construction plans and
specifications for the Leasehold Improvements prepared by Tenant’s Architect and Tenant’s Engineers in such form (and on such scale in the case of plans and drawings) as Landlord may reasonably specify. 

1.10.      “Tenant’s Costs” means all costs required to be expended
by Tenant under this Work Letter in connection with the Leasehold Improvements, including, without limitation, the costs of: preparing the Preliminary Plans and Construction Documents; constructing and installing the Leasehold Improvements;
obtaining all required insurance, licenses and permits; and Landlord’s services provided under Section 10. Tenant’s Costs will not, however, include any costs incurred by Tenant for furniture or other personal property, for fixtures
or equipment (unless such fixtures or equipment will constitute permanent additions to the Premises and are shown on the Construction Documents), or for moving to or within the Premises, except as specifically provided hereunder. 

2.      Representatives.  Landlord appoints Landlord’s Representative
to act for Landlord in all matters covered by this Work Letter. Tenant appoints Tenant’s Representative to act for Tenant in all matters covered by this Work Letter. All inquiries, requests, instructions, authorizations and other communications
with respect to the matters covered by this Work Letter will be made to Landlord’s Representative or Tenant’s Representative, as the case may be. Tenant will not make any inquiries of or requests to, and will not give any instructions or
authorizations to, any other employee or agent of Landlord, including Landlord’s architect, engineers and contractors or any of their agents or employees, with regard to matters covered by this Work Letter. Either party may change its
Representative under this Work Letter at any time by three days’ prior written notice to the other party. 

3.      Landlord’s Approval.  All Preliminary Plans and Construction
Documents and any revisions to the same (whether in the form of a change order or otherwise) are expressly subject to Landlord’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed (and
Landlord’s response will be provided no later than five (5) business days upon receipt of Preliminary Plans, Construction Documents and/or change orders thereto); provided, however, Landlord shall not be deemed to be being unreasonable if
it withholds its approval for one or more of the reasons described below in this Section 3. Landlord may withhold its approval of any such items that require work which: 

3.1.      exceeds or adversely affects the capacity or integrity of the Building’s
structure or any of its heating, ventilating, air conditioning, plumbing, mechanical, electrical, communications or other systems; 
 3.2.      is not approved by the holder of any encumbrance upon the Building; 
 3.3.      would not be approved by a prudent owner of property similar to the Building; 

3.4.      violates any agreement which affects the Building or binds Landlord; 

  
 EXHIBIT C

 -1- 

 3.5.      Landlord reasonably believes will
increase the cost of operating or maintaining any of the Building’s systems; 

3.6.      Landlord reasonably believes will reduce the market value of the Premises or the
Building, as the case may be, at the end of the Term; 
 3.7.      does not
conform to applicable building code or is not approved by any governmental authority having jurisdiction over the Premises; 
 3.8.      does not meet or exceed the standard of work performed in the remainder of the Building; or 

3.9.      Landlord reasonably believes will infringe on the architectural or historical
integrity of the Building. 
 4.      Tenant’s
Plans.  Tenant, at its expense, will cause the Preliminary Plans to be prepared and submitted to Landlord for its approval which approval will not be unreasonably withheld, conditioned or delayed. If the submitted materials are not
acceptable to Landlord, Landlord will so notify Tenant within five (5) business days of receipt, and Tenant will cause the same to be revised according to Landlord’s notice and resubmitted to Landlord within ten (10) days after
receipt of such notice. Landlord will notify Tenant of its approval of any revisions to the plans within seven (7) business days of receipt. Within ten (10) days after Landlord notifies Tenant of Landlord’s approval of the Preliminary
Plans, Tenant, at its expense, will cause the Construction Documents to be prepared and submitted to Landlord for its approval which approval shall not be unreasonably withheld, conditioned or delayed. The Construction Documents must strictly
conform to the Preliminary Plans approved by Landlord and must be in all respects sufficient for the purpose of obtaining a building permit for the Leasehold Improvements. If required by Landlord, Landlord will so notify Tenant within seven
(7) business days of receipt, and Tenant will cause the Construction Documents to be resubmitted to Landlord for its approval within ten (10) days after Landlord notifies Tenant of any required changes. Construction of the Leasehold
Improvements shall not commence prior to Landlord’s approval of the Construction Documents. Tenant reserves the right to request changes to the Construction Drawings subject to the approval process set forth above. No delays in the design or
performance of the Leasehold Improvements will change the Commencement Date; provided, however, the Commencement Date shall be postponed on a day-for-day basis for each day of “Landlord Delay” that results in Tenant’s inability to
complete the Leasehold Improvements to the Premises by the Commencement Date. As used in this Work Letter, “Landlord Delay” shall mean the following: (i) any delay by the Landlord in providing Tenant with early access to the
Premises in accordance with Section 3 above, and (ii) Landlord’s failure to approve or disapprove the Preliminary Plans or the Construction Documents (including any change orders thereto) within the time periods specified herein.
Prior to Tenant claiming any Landlord Delay, Tenant must first provide Landlord with written notice of the claimed Landlord Delay and allow Landlord two (2) business days to cure or correct the same. No approval by Landlord of the Preliminary
Plans, the Construction Documents or any revisions to them will constitute a representation or warranty by Landlord as to the adequacy or sufficiency of such plans, or the improvements to which they relate, for any use, purpose or condition, but
such approval will merely be the consent of Landlord to the construction or installation of Leasehold Improvements in the Premises according to such plans. 
 5.      Leasehold Improvements.  Tenant, at its expense, will construct or cause to be constructed in the Premises all of the Leasehold Improvements
according to the Construction Documents approved by Landlord. Tenant, at its expense, will obtain: (i) all permits (including, without limitation, building permits) required for construction of the Leasehold Improvements; (ii) all
contracts and insurance required under this Work Letter; and (iii) all certificates required for occupancy of the Premises from the appropriate governmental authorities. Tenant will cause all the Leasehold Improvements to be diligently
completed in a good and workmanlike manner, according to the approved Construction Documents and all applicable laws, and free and clear of any liens or claims for liens. 

6.      Tenant’s Contractor and Subcontractors. 

6.1.      Landlord will have the right to approve Tenant’s contractor
(“Contractor”) and all subcontractors, which approvals shall be in Landlord’s sole and reasonable discretion. Tenant will not execute any contract for the performance of the Leasehold Improvements until Landlord’s
approvals of the Contractor and subcontractors have been obtained, and Tenant will cause its proposed Contractor and subcontractors to submit such information, including financial information, as may be reasonably required by Landlord to determine
whether such Contractor and subcontractors should be approved. 

6.2.      Tenant’s Contractor shall (i) comply with all rules and regulations
reasonably promulgated by Landlord regarding construction activities in the Building; (ii) construct the Leasehold Improvements without unreasonably interfering with Landlord’s or Landlord’s tenants’ activities in, or use or
enjoyment of, the Building; (iii) cooperate with other contractors in the Building to ensure harmonious working relationships, including, without limitation, coordinating with other contractors in the Building concerning use of elevators, trash
removal and water and utility usage; (iv) leave the Building in a neat, clean, orderly and safe condition at the end of each day during construction of the Leasehold Improvements; and (v) procure and maintain and cause its subcontractors
to procure and maintain the insurance described in Section 8 below. 

  
 EXHIBIT C

 -2- 

 7.      Contractor’s
Insurance.  Tenant will cause Contractor (and, except as provided below, all of Contractor’s subcontractors) to procure and maintain in effect during the entire period of construction of the Leasehold Improvements the following
insurance with commercially reasonable deductibles: 
 7.1.      Worker’s
compensation insurance with statutory benefits and limits which fully comply with all state and federal requirements; 
 7.2.      Employer’s liability insurance with limits of not less than $1,000,000.00; 

7.3.      Automobile liability insurance including owned, non-owned, leased and hired car
coverage, naming Landlord (and all parties designated by Landlord) as an additional insured, providing primary (and not contributing) coverage, containing cross-liability and severability of interest clauses, and providing limits of liability in an
amount of not less than $2,000,000.00 combined single limit per occurrence; 

7.4.      Commercial general liability insurance including personal injury, owner’s
and contractor’s protective liability, explosion, collapse and underground damage liability endorsement (commonly called X, C and U hazards), products, completed operations, blanket contractual and broad form property damage coverage, naming
Landlord and Building manager (and all parties designated by Landlord) as additional insureds, providing primary (and not contributing) coverage, containing cross-liability and severability of interest clauses, and providing limits of liability in
an amount of not less than $2,000,000.00 combined single limit per occurrence; and 

7.5.      “All risk” builders risk property insurance for the full replacement
cost of the Leasehold Improvements on a completed value basis, naming Landlord as a loss payee, as its interest may appear, providing primary (and not contributing) coverage, and including a waiver of all rights of subrogation against Landlord.

 All of the above insurance policies must be placed with insurance companies reasonably acceptable to Landlord and must be
endorsed to require thirty (30) days’ written notice to Landlord prior to any cancellation or material change in coverage. Prior to the commencement of any the Leasehold Improvements, Tenant will cause Contractor to deliver to Landlord
original certificates of insurance evidencing the insurance coverage required above. Tenant will also cause Contractor to obtain certificates or evidence of similar insurance from each of Contractor’s subcontractors before their work commences
and deliver such certificates or evidence to Landlord. Each subcontractor must be covered by insurance of the same character and in the same amount as specified for Contractor above; provided, however, that so long as Contractor’s builders risk
policy covers all of the Leasehold Improvements, no subcontractor will be required to maintain builders risk coverage. 
 8.      Additional Requirements Concerning the Leasehold Improvements. The following additional requirements will apply to the Leasehold Improvements: 

8.1.     All of the Leasehold Improvements will be: (i) of a quality at least equal to the other
work in the Building; (ii) completed only according to the Construction Documents approved by Landlord; (iii) conducted in a manner so as to maintain harmonious labor relations and not to interfere with or delay any other work or
activities being carried on by Landlord or Landlord’s contractors or other tenants; (iv) designed, performed and completed in substantial compliance with all applicable standards and regulations reasonably established by Landlord and
provided to Tenant in advance of the commencement of construction of the Leasehold Improvements as well as all safety, fire, plumbing and electrical and other codes and governmental and insurance requirements; (v) completed only by the
Contractor approved by Landlord; (vi) coordinated by the approved Contractor so as to ensure timely completion; and (vii) performed and conducted in such a manner so as not to alter the structure or systems of the Building. 

8.2.     Under no circumstances will Tenant, Contractor or any of their authorized representatives
ever alter or modify or in any manner disturb any Central (as defined below) system or installation of the Building, including, without limitation, the Central plumbing system, Central electrical system, Central heating, ventilating and air
conditioning system, Central fire protection and fire alert system, Central Building maintenance systems, elevators and anything located within the Central core of the Building. In addition, neither Tenant, Contractor nor any of their authorized
representatives may alter or modify or in any manner disturb any structural component of the Building. Only with Landlord’s express written permission will Tenant, Contractor or their authorized representatives alter or modify or in any manner
disturb any Branch (as defined below) of any Central system or installation of the Building which serves or is located within the Premises. “Central” means that portion of any Building system or component which is within the core of
the Building or common to or serves or exists for the benefit of other tenants in the Building, and “Branch” means that portion of any Building system or component which serves to connect or extend Central systems to the Premises.
Any and all interfacing with, or tie-ins to, any Central Building systems or Branches will be scheduled with Landlord not later than five (5) days prior to the commencement of any such work. Any such interfacing with, or tie-ins to, any such
Building systems, and any checks of such interfacing or tie-ins, will be performed only after the same have been scheduled with, and approved by, Landlord. 
 8.3.     Tenant agrees that if Contractor fails to leave the Building in a neat, clean, orderly and safe condition at the end of each day during construction of the Leasehold
Improvements, Landlord will have the right to immediately take such action as Landlord deems appropriate to render the Building neat, clean, orderly and safe and Tenant will, upon Landlord’s written demand, reimburse Landlord for all
Landlord’s costs of taking such action. 

  
 EXHIBIT C

 -3- 

 9.      Landlord’s Services;
Construction Supervision.  During construction of the Leasehold Improvements, Landlord will provide the following services related to such construction: all electricity, other utilities and any other services requested by Tenant or
Contractor that Landlord agrees to provide (such as engineering, maintenance or housekeeping services). In addition, Landlord will supervise certain aspects of the construction of the Leasehold Improvements which will include providing
Landlord’s personnel to coordinate certain aspects of the Leasehold Improvements; assistance in obtaining any permits and approvals required from Landlord and any governmental authorities; and assistance in scheduling Tenant’s deliveries
to the Premises. Landlord may charge a construction management fee of five percent of the total costs of the Leasehold Improvements for the services set forth herein. In the event Landlord’s engineers are required to work after normal Business
Hours in connection with the construction of the Leasehold Improvements, then Tenant shall be responsible for the actual costs of the same. 
 10.      Inspection; Stop Work; Noncomplying Work.  Landlord reserves the right to inspect the Leasehold Improvements in the Premises at all reasonable
times, provided that such inspection(s) will in no way make Landlord responsible for any of the Leasehold Improvements and will not constitute a representation or warranty by Landlord as to the adequacy or sufficiency of the Leasehold Improvements.
Landlord reserves the right to stop any and all work performed (or to be performed) if Landlord reasonably considers any such work, or its performance, to be dangerous or creating a nuisance, or otherwise injurious to Tenant, Landlord or any other
Building tenants. If any inspection by Landlord reveals any item of the Leasehold Improvements that does not comply with Tenant’s obligations under this Work Letter, Landlord may so notify Tenant and require that the item be corrected to so
comply. Within ten (10) days after the date of any such notice from Landlord, Tenant will begin correction of any such noncomplying item and will then promptly and diligently pursue such correction to completion. If any such item is not so
corrected, Landlord may enter the Premises at any time and correct the item at Tenant’s expense (to be paid by Tenant promptly upon demand). 
 11.      Mechanics’ Liens.  In the conduct of the Leasehold Improvements, Tenant will take all action necessary to ensure that no mechanics’ or
other liens attach to the Premises or any other portions of the Premises or the Building. Without limitation, Tenant will post notices, in form and content and in the manner as specified by any applicable law, notifying all persons or entities which
may supply labor or materials in connection with the Leasehold Improvements that Landlord’s interest in the Premises and the Building will not be subject to any lien for the same. Tenant will have any such lien released of record within thirty
(30) days after notice any such lien is filed. 

12.      Allowance.  Landlord agrees to pay Tenant an allowance to be
applied to the cost of designing and performing the Leasehold Improvements in an amount equal to the lesser of (a) Tenant’s Costs; or (b) the Allowance. If the Allowance exceeds the sum of Tenant’s Costs in connection with the
Premises, Tenant will not be entitled to any credit for such excess. Landlord will distribute the Allowance (or any portion thereof actually used by Tenant as herein provided), in a single payment to Tenant within thirty (30) days after
(a) Tenant has completed all of the Leasehold Improvements in the Premises, and (b) Tenant delivers to Landlord original lien waivers from Contractor and any and all applicable subcontractors or suppliers indicating that claims for
mechanics’ or materialmen’s liens with respect to the Leasehold Improvements for the Premises have been waived. Additionally, Tenant shall provide to Landlord (i) written notice from the Contractor and Tenant’s Architect (or
other evidence satisfactory to Landlord) that the Leasehold Improvements for the Premises have been completed; and (ii) a copy of the certificate of occupancy (or substantial equivalent under local law) for the Premises issued by the
appropriate governmental authorities. 
 13.      Cabling
Allowance.  Tenant may use the Cabling Allowance for costs associated with cabling, moving, furniture, fixtures and equipment. Landlord will pay the amount of Cabling Allowance to Tenant in one lump sum within thirty (30) days of
receiving Tenant’s request for payment and provided that (a) Tenant has provided Landlord with evidence of the expenditures that are the subject of such payment request in the form of, without limitation, receipts and invoices;
(b) Tenant delivers to Landlord original lien waivers indicating that claims for mechanics’ or materialmen’s liens with respect to the Premises have been waived; and (c) no Event of Default beyond any applicable notice and cure
period exists under the Lease. Landlord will have no obligation to disburse any portion of the Cabling Allowance after the date that is six months following the Commencement Date. In addition, in no event shall Tenant be allowed to use the Cabling
Allowance for anything other than as described within this Section 13. 

14.      General.  Failure by Tenant to perform any of its obligations
under this Work Letter will constitute an Event of Default under the Lease, entitling Landlord to all of its remedies under the Lease as well as all remedies otherwise available to Landlord. 

  
 EXHIBIT C

 -4- 

 EXHIBIT D 

NOTICE OF LEASE TERM DATES 
 Date: 
 To: 
  

	Re:	                      dated
                     (“Lease”) by and between
                                , a
                             (“Landlord”), and
                        , a
                     (“Tenant”) for the premises commonly known as,
                                 (“Premises”).

 Dear : 
 In
accordance with the above-referenced Lease, we wish to advise and/or confirm as follows: 
  

	 	•	 	 That Tenant has accepted and is in possession of the Premises and acknowledges the following: 

 

	 	•	 	 Term of the Lease: 

	 	•	 	 Commencement Date: 

	 	•	 	 Expiration Date: 

	 	•	 	 Rentable Square Feet: 

	 	•	 	 Tenant’s Percentage of
Building:                    % 

  

	 	•	 	 That in accordance with the Lease, rental payments will/has commence(d) on
                         and rent is payable in accordance with the following schedule: 

 

			
	
Months	  	Monthly Base Rent
	 00/00/0000 – 00/00/0000
	  	$00,000.00
	 00/00/0000 – 00/00/0000
	  	$00,000.00
	 00/00/0000 – 00/00/0000
	  	$00,000.00

  

	 	•	 	 Rent is due and payable in advance on the first day of each and every month during the Term of the Lease. 

 

			
	 •    Your rent checks should be made payable to:
	  	 
		  	 
		  	 

 ACCEPTED AND AGREED 
  

			
	 TENANT:
  

________________________________

a, ______________________________
  

By: _____________________________________________

Print Name: _______________________________________

Its: _____________________________________________
	  	 LANDLORD:
  
 LBA REALTY FUND II–WBP III, LLC,
 a Delaware limited liability company

 
 By: ______________________________________________

Name: ___________________________________________

Title: ____________________________________________

  
  

  
 EXHIBIT D

 -1- 

 EXHIBIT E 

RULES AND REGULATIONS 
 1.      Tenant shall not place anything or allow anything to be placed near the glass of any window, door, partition or wall which may appear unsightly from outside the
Premises. No awnings or other projection shall be attached to the outside walls of the Building without the prior written consent of Landlord. No curtains, blinds, shades or screens shall be attached to or hung in, or used in connection with, any
window or door of the Premises, other than Building standard materials, without the prior written consent of Landlord. 

2.      Tenant shall not obstruct any sidewalks, halls, passages, exits, entrances, elevators, escalators
or stairways of the Building. The halls, passages, exits, entrances, elevators, escalators and stairways are not for the general public, and Landlord shall in all cases retain the right to control and prevent access thereto of all persons whose
presence in the reasonable judgment of Landlord would be prejudicial to the safety, character, reputation and interests of the Building; provided, that nothing herein contained shall be construed to prevent such access to persons with whom any
tenant normally deals in the ordinary course of its business, unless such persons are engaged in illegal activities. Tenant and no employee, invitee, agent, licensee or contractor of Tenant shall go upon or be entitled to use any portion of the roof
of the Building without the prior written consent of Landlord. 
 3.      Tenant shall not cause
any unnecessary janitorial labor by carelessness or indifference to the good order and cleanliness of the Premises. Landlord shall not in any way be responsible to Tenant for loss of property on the Premises, however occurring, or for any damage to
Tenant’s property by any janitors or any other employee or any other person. 

4.      Landlord will furnish Tenant, free of charge, with two keys to each door lock in the Premises.
Landlord may impose a reasonable charge for any additional keys. Tenant may not make or have made additional keys, and Tenant shall not alter any lock or install a new additional lock or bolt on any door or window of its Premises. Tenant, upon
termination of its tenancy, shall deliver to Landlord the keys of all doors which have been furnished to, or otherwise procured by Tenant, and, in the event of loss of any keys, shall pay Landlord the cost of replacing the same or of changing the
lock or locks opened by such lost key if Landlord shall deem it necessary to make such change. 

5.      No machines other than standard office machines, such as typewriters and calculators, photo
copiers, personal computers and word processors, and vending machines permitted by the Lease, shall be used in the Premises without the approval of Landlord. 
 6.      Tenant shall not place a load upon any floor of the Premises which exceeds the load per square foot which such floor was designed to carry and which is allowed by
Law. Landlord shall have the right to prescribe the weight, size and position of all equipment, materials, furniture or other property brought into the Building. Heavy objects, if such objects are considered necessary by Tenant, as determined by
Landlord, shall stand on such platforms as determined by Landlord to be necessary to properly distribute the weight. Business machines and mechanical equipment which cause noise or vibration that may be transmitted to the structure of the Building
or to any space therein to such a degree as to be objectionable to Landlord, shall be placed and maintained by Tenant, at Tenant’s expense, on vibration eliminators or other devices sufficient to eliminate noise or vibration. Landlord will not
be responsible for loss of, or damage to, any such equipment or other property from any cause, and all damage done to the Building by maintaining or moving such equipment or other property shall be repaired at the expense of Tenant. 

7.      Tenant shall not use or keep in the Premises any kerosene, gasoline or inflammable or combustible
fluid or material other than those limited quantities necessary for the operation or maintenance of office equipment. Tenant shall not use or permit to be used in the Premises any foul or noxious gas or substance, or permit or allow the Premises to
be occupied or used in a manner offensive or objectionable to Landlord by reason of noise, odors or vibrations, nor shall Tenant bring into or keep in or about the Premises any birds or animals. 

8.      Tenant shall not use any method of heating or air-conditioning other than that supplied to the Premises by
Landlord. 
 9.      Landlord reserves the right from time to time, in Landlord’s sole and
absolute discretion, exercisable without prior notice and without liability to Tenant, to: (a) name or change the name of the Building or Property; (b) change the address of the Building, and/or (c) install, replace or change any
signs in, on or about the Property (except for Tenant’s signs, if any, which are expressly permitted by the Lease). 

10.      Landlord reserves the right to exclude from the Building between the hours of 6:00 p.m. and 7:00
a.m., or such other hours as may be reasonably established from time to time by Landlord, and on legal holidays, any person unless that person is known to the person or employee in charge of the Building and has a pass or is properly identified.
Landlord shall not be liable for damages for any error with regard to the admission to or exclusion from the Building of any person. Tenant shall be responsible for all persons for whom it requests passes and shall be liable to Landlord for all acts
of such persons. Landlord reserves the right to prevent access to the Building in case of invasion, mob, riot, public excitement or other commotion by closing the doors or by other appropriate action. 

11.      The toilet rooms, toilets, urinals, wash bowls and other apparatus shall not be used for any
purpose other than that for which they were constructed, and no foreign substances of any kind whatsoever shall be thrown therein. 

  
 EXHIBIT E

 -1- 

 12.      Tenant shall not install any radio or television
antenna, loudspeaker or other device on the roof or exterior walls of the Building without the prior written consent of Landlord. Tenant shall not interfere with radio or television broadcasting or reception from or in the Building or elsewhere.

 13.      Except as expressly permitted in the Lease, Tenant shall not mark, drive nails, screw
or drill into the partitions, window mullions, woodwork or drywall, or in any way deface the Premises or any part thereof, except to install normal wall hangings. Tenant shall repair any damage resulting from noncompliance under this rule.

 14.      Tenant shall store all its trash and garbage within the trash receptacles for the
Building or Property. Tenant shall not place in any trash box or receptacle any material which cannot be disposed of in the ordinary and customary manner of trash and garbage disposal. All garbage and refuse disposal shall be made in accordance with
directions reasonably issued from time to time by Landlord. 
 15.      Other than as permitted
elsewhere in the Lease, the Premises shall not be used for the storage of merchandise held for sale to the general public, or for lodging of any kind. No cooking shall be done or permitted by Tenant on the Premises, except that use by Tenant of
Underwriters’ Laboratory-approved equipment for brewing coffee, tea, hot chocolate and similar beverages shall be permitted and the use of a microwave shall be permitted, provided that such equipment and use is in accordance with all applicable
federal, state, county and city laws, codes, ordinances, rules and regulations. 
 16.      Tenant
shall not use in any space, elevators or stairwells of the Building, any hand trucks except those equipped with rubber tires and side guards, or such other material-handling equipment as Landlord may approve. Tenant shall not bring any other
vehicles of any kind into the Building. 
 17.      Tenant shall not use the name of the Building
in connection with, or in promoting or advertising, the business of Tenant, except for Tenant’s address. 

18.      Tenant agrees that it shall comply with all fire and security regulations that may be issued from
time to time by Landlord, and Tenant also shall provide Landlord with the name of a designated responsible employee to represent Tenant in all matters pertaining to such fire or security regulations. Tenant shall cooperate fully with Landlord in all
matters concerning fire and other emergency procedures. 
 19.      Tenant assumes any and all
responsibility for protecting its Premises from theft, robbery and pilferage. Such responsibility shall include keeping doors locked and other means of entry to the Premises closed. 

20.      Landlord reserves the right to make such other and reasonable non-discriminatory Rules and
Regulations as, in its judgment, may from time to time be needed for safety, security, care and cleanliness of the Building or Property and for the preservation of good order therein. Tenant agrees to abide by all such Rules and Regulations
hereinabove stated and any additional rules and regulations which are adopted. 
 21.      Tenant shall be
responsible for the observance of all of the foregoing rules by Tenant’s Parties. 

22.      Tenant shall not lay linoleum, tile, carpet or other similar floor covering so that the same shall
be affixed to the floor of the Premises in any manner except by a paste, or other material which may easily be removed with water, the use of cement or other similar adhesive materials being expressly prohibited. The method of affixing any such
linoleum, tile, carpet or other similar floor covering shall be subject to the approval of Landlord. The expense of repairing any damage resulting from a violation of this rule shall be borne by Tenant. 

23.      Tenant shall not without Landlord’s consent, which may be given or withheld in
Landlord’s sole and absolute discretion, receive, store, discharge, or transport firearms, ammunition, or weapons or explosives of any kind or nature at, on or from the Premises. 

24.      Other than guide-dogs owned by Tenant or Tenant’s employees and/or invitees, no pets of any
kind shall be brought or kept in or about the Premises. 
 PARKING RULES AND REGULATIONS 

In addition to any parking provisions contained in the Lease, the following rules and regulations shall apply with respect to the use of
the Property’s parking facilities. 
 1.      Every parker is required to park and lock
his/her own vehicle. All responsibility for damage to or loss of vehicles is assumed by the parker and Landlord shall not be responsible for any such damage or loss by water, fire, defective brakes, the act or omissions of others, theft, or for any
other cause. 
 2.      Tenant shall not park or permit its employees to park in any parking areas
designated by Landlord as areas for parking by visitors to the Property. Tenant shall not leave vehicles in the parking areas overnight nor park any vehicles in the parking areas other than automobiles, motorcycles, motor driven or non-motor driven
bicycles or four wheeled trucks. 
 3.      Parking stickers or any other device or form of
identification supplied by Landlord as a condition of use of the parking facilities shall remain the property of Landlord. Such parking identification device must be displayed as requested and may not be mutilated in any manner. The serial number of
the parking identification device may not be obliterated. Devices are not transferable and any device in the possession of an unauthorized holder will be void. 

  
 EXHIBIT E

 -2- 

 4.      No extended term storage of vehicles shall be permitted. 

5.      Vehicles must be parked entirely within painted stall lines of a single parking stall. 

6.      All directional signs and arrows must be observed. 
 7.      The speed limit within all parking areas shall be five (5) miles per hour. 
 8.      Parking is prohibited: (a) in areas not striped for parking; (b) in aisles; (c) where “no parking” signs are posted; (d) on ramps;
(e) in cross-hatched areas; and (f) in reserved spaces and in such other areas as may be designated by Landlord or Landlord’s parking operator. 
 9.      Loss or theft of parking identification devices, if any, must be reported to Landlord’s property manager immediately, and a lost or stolen report must be filed
by the Tenant or user of such parking identification device at the time. Landlord has the right to exclude any vehicle from the parking facilities that does not have an identification device. 

10.      Any parking identification devices reported lost or stolen found on any unauthorized car will be
confiscated and the illegal holder will be subject to prosecution. 
 11.      Washing, waxing,
cleaning or servicing of any vehicle in any area not specifically reserved for such purpose is prohibited. 

12.      The parking operators, managers or attendants, if any, are not authorized to make or allow any
exceptions to these rules and regulations. 
 13.      If the Lease terminates for any reason
whatsoever, Tenant’s right to park in the parking facilities shall terminate concurrently therewith. 

14.      Landlord reserves the right to modify and/or adopt such other reasonable and non-discriminatory
rules and regulations for the parking facilities as it deems necessary for the operation of the parking facilities. Landlord may refuse to permit any person who violates these rules to park in the parking facilities, and any violation of the rules
shall subject the vehicle to removal, at such vehicle owner’s expense. 
 15.      Tenant
shall not permit any parking by its employees, agents, subtenants, customers, invitees, concessionaires or visitors on the streets surrounding the Premises in violation of any ordinances or postings by any public authorities having jurisdiction.

 16.      Tenant’s parking spaces shall be used only for parking by vehicles no larger than
normally sized passenger automobiles, vans and sport utility vehicles. Tenant shall not permit or allow any vehicles that belong to or are controlled by Tenant or Tenant’s employees, suppliers, shippers, customers or invitees to be loaded,
unloaded, or parked in areas other than those designated by Landlord for such activities. If Tenant permits or allows any of the prohibited activities described herein, then Landlord shall have the right, in addition to such other rights and
remedies that it may have, to remove or tow away the vehicle involved and charge the cost thereof to Tenant, which cost shall be payable by Tenant upon demand by Landlord. 
  

  
 EXHIBIT E

 -3- 

 EXHIBIT F 

ESTOPPEL CERTIFICATE 
 The undersigned (“Tenant”) hereby certifies to
                                         
                    (“Landlord”), and
                                        , as
follows: 
 1.      Attached hereto is a true, correct and complete copy of that certain Lease
dated             , between Landlord and Tenant (the “Lease”), for the premises commonly known as
                                         
        (the “Premises”). The Lease is now in full force and effect and has not been amended, modified or supplemented, except as set forth in Section 6 below. 

2.      The term of the Lease commenced on
                                         
       , __. 
 3.      The term of the Lease is currently scheduled to
expire on
                                         
   , __. 
 4.      Tenant has no option to renew or extend the Term of the Lease except:
                                         
   . 
 5.      Tenant has no preferential right to purchase the Premises or any
portion of the Building/Premises except:
                                         
                                   . 

6.      The Lease has: (Initial One) 

(    )   not been amended, modified, supplemented, extended, renewed or assigned. 

(    )  been amended, modified, supplemented, extended, renewed or assigned by the following described
agreements, copies of which are attached hereto:
                                         
                                         
                                         
 . 
 7.      Tenant has accepted and is now in possession of the Premises and has not
sublet, assigned or encumbered the Lease, the Premises or any portion thereof except as follows:
                                         
                                         
                          . 
 8.      The current Base Rent is
$                        ; and current monthly parking charges are
$                            . 
 9.      The amount of security deposit (if any) is
$                        . No other security deposits have been made. 

10.      All rental payments payable by Tenant have been paid in full as of the date hereof. No rent under
the Lease has been paid for more than thirty (30) days in advance of its due date. 

11.      All work required to be performed by Landlord under the Lease has been completed and has been
accepted by Tenant, and all tenant improvement allowances have been paid in full except
                                         
               . 

12.      As of the date hereof, Tenant is not aware of any defaults on the part of Landlord under the Lease
except                                     . 

13.      As of the date hereof, there are no defaults on the part of Tenant under the Lease. 

14.      Tenant has no defense as to its obligations under the Lease and claims no set-off or counterclaim against
Landlord. 
 15.      Tenant has no right to any concession (rental or otherwise) or similar
compensation in connection with renting the space it occupies, except as expressly provided in the Lease. 

16.       All insurance required of Tenant under the Lease has been provided by Tenant and all premiums have been paid.

 17.      There has not been filed by or against Tenant a petition in bankruptcy, voluntary or
otherwise, any assignment for the benefit of creditors, any petition seeking reorganization or arrangement under the bankruptcy laws of the United States or any state thereof, or any other action brought pursuant to such bankruptcy laws with respect
to Tenant. 
 18.      Tenant pays rent due Landlord under the Lease to Landlord and does not have
any knowledge of any other person who has any right to such rents by collateral assignment or otherwise. 
 The foregoing
certification is made with the knowledge that
                                        
is about to [fund a loan to Landlord or purchase the Building from Landlord], and that
                                 is relying upon the representations herein made
in [funding such loan or purchasing the Building]. 
 Dated:
                        ,             . 

 

			
	 “TENANT”
	  	 _______________________________________________

 
 By:___________________________________________

Print Name:_____________________________________

Its:___________________________________________

  
  

  
 EXHIBIT F

 -1- 

 EXTENSION OPTION 

RIDER NO. 1 TO LEASE 
 This Rider No. 1 is made and entered into by and between LBA REALTY FUND II–WBP III, LLC, a Delaware limited liability company (“Landlord”), and TRULIA, INC., a Delaware
corporation (“Tenant”), as of the day and year of the Lease between Landlord and Tenant to which this Rider is attached. Landlord and Tenant hereby agree that, notwithstanding anything contained in the Lease to the contrary, the
provisions set forth below shall be deemed to be part of the Lease and shall supersede any inconsistent provisions of the Lease. All references in the Lease and in this Rider to the “Lease” shall be construed to mean the Lease (and all
Exhibits and Riders attached thereto), as amended and supplemented by this Rider. All capitalized terms not defined in this Rider shall have the same meaning as set forth in the Lease. 

1.      Landlord hereby grants to Tenant one (1) option (the “Extension
Options”) to extend the Term of the Lease for one (1) additional periods of five (5) years (collectively, the “Option Terms”, and each, an “Option Term”), on the same terms, covenants and
conditions as provided for in the Lease during the initial Term, except for the Monthly Base Rent, which shall be the “fair market rental rate” for the Premises for the Option Term as defined and determined in accordance with the
provisions of the Fair Market Rental Rate Rider attached to the Lease as Rider No. 2, subject to fair market annual rent adjustments during the Option Term. 

2.      An Extension Option must be exercised, if at all, by written notice
(“Extension Notice”) delivered by Tenant to Landlord no sooner than that date which is twelve (12) months and no later than that date which is nine (9) months prior to the expiration of the then current Term of the Lease.
Provided Tenant has properly and timely exercised the Extension Option, the then current Term of the Lease shall be extended by the Option Term, and all terms, covenants and conditions of the Lease shall remain unmodified and in full force and
effect, except that the Monthly Base Rent shall be as set forth above. 

3.      Any termination of the Lease terminates all rights to any Extension Option. Any
assignment or subletting by Tenant of the Lease or of all or a portion of the Premises terminates Tenant’s Extension Option, unless Landlord consents to the contrary in writing at the time of such subletting or assignment. Tenant’s
Extension Option may not be transferred separate and apart from Tenant’s interest in the Lease and/or to the Premises. 

  
 -1-

 FAIR MARKET RENTAL RATE 

RIDER NO. 2 TO LEASE 
 This Rider No. 2 is made and entered into by and between LBA REALTY FUND II–WBP III, LLC, a Delaware limited liability company (“Landlord”), and TRULIA, INC., a Delaware
corporation (“Tenant”), as of the day and year of the Lease between Landlord and Tenant to which this Rider is attached. Landlord and Tenant hereby agree that, notwithstanding anything contained in the Lease to the contrary, the
provisions set forth below shall be deemed to be part of the Lease and shall supersede any inconsistent provisions of the Lease. All references in the Lease and in this Rider to the “Lease” shall be construed to mean the Lease (and all
Exhibits and Riders attached thereto), as amended and supplemented by this Rider. All capitalized terms not defined in this Rider shall have the same meaning as set forth in the Lease. 

1.      The term “fair market rental rate” as used in this Rider and any
Rider attached to the Lease means the annual amount per square foot, projected for each year of the Option Term (including annual adjustments), that a willing, non-equity tenant (excluding sublease and assignment transactions) would pay, and a
willing landlord of a comparable quality building located in the Denver Metropolitan area would accept, in an arm’s length transaction (what Landlord is accepting in then current transactions for the Building may be used for purposes of
projecting rent for the Option Term), for space of comparable size, quality and floor height as the Premises, taking into account the age, quality and layout of the existing improvements in the Premises, and taking into account items that
professional real estate brokers or professional real estate appraisers customarily consider, including, but not limited to, rental rates, space availability, tenant size, tenant improvement allowances, parking charges and any other lease
considerations, if any, then being charged or granted by Landlord or the lessors of such similar buildings. All economic terms other than Monthly Base Rent, such as tenant improvement allowance amounts, if any, operating expense allowances, parking
charges, etc., will be established by Landlord and will be factored into the determination of the fair market rental rate for the Option Term. Accordingly, the fair market rental rate will be an effective rate, not specifically including, but
accounting for, the appropriate economic considerations described above. 

2.      If Landlord determines that the Option Term’s initial Monthly Base Rent is to
be based on the fair market rental rate for the Premises, the Landlord shall provide written notice of Landlord’s determination of the fair market rental rate not later than sixty (60) days after the last day upon which Tenant may timely
exercise the right giving rise to the necessity for such fair market rental rate determination. Tenant shall have thirty (30) days (“Tenant’s Review Period”) after receipt of Landlord’s notice of the fair market
rental rate within which to accept such fair market rental rate or to reasonably object thereto in writing. Failure of Tenant to so object to the fair market rental rate submitted by Landlord in writing within Tenant’s Review Period shall
conclusively be deemed Tenant’s approval and acceptance thereof. If within Tenant’s Review Period Tenant reasonably objects to or is deemed to have disapproved the fair market rental rate submitted by Landlord, Landlord and Tenant will
meet together with their respective legal counsel to present and discuss their individual determinations of the fair market rental rate for the Premises under the parameters set forth in Paragraph 1 above and shall diligently and in good faith
attempt to negotiate a rental rate on the basis of such individual determinations. Such meeting shall occur no later than ten (10) days after the expiration of Tenant’s Review Period. The parties shall each provide the other with such
supporting information and documentation as they deem appropriate. At such meeting if Landlord and Tenant are unable to agree upon the fair market rental rate, they shall each submit to the other their respective best and final offer as to the fair
market rental rate. If Landlord and Tenant fail to reach agreement on such fair market rental rate within five (5) business days following such a meeting (the “Outside Agreement Date”), Tenant’s Extension Option will be
deemed null and void. 
 3.      (a) Landlord and Tenant shall each appoint
one (1) independent appraiser who shall by profession be an M.A.I. certified real estate appraiser who shall have been active over the five (5) year period ending on the date of such appointment in the leasing of commercial (including
office) properties in the Denver Metropolitan area. The determination of the appraisers shall be limited solely to the issue of whether Landlord’s or Tenant’s last proposed (as of the Outside Agreement Date) best and final fair market
rental rate for the Premises is the closest to the actual fair market rental rate for the Premises as determined by the appraisers, taking into account the requirements specified in Section 1 above. Each such appraiser shall be appointed within
ten (10) business days after the Outside Agreement Date. 

 (b)      The two (2) appraisers so
appointed shall within ten (10) business days of the date of the appointment of the last appointed appraiser agree upon and appoint a third appraiser who shall be qualified under the same criteria set forth hereinabove for qualification of the
initial two (2) appraisers. 
 (c)      The three (3) appraisers shall
within ten (10) business days of the appointment of the third appraiser reach a decision as to whether the parties shall use Landlord’s or Tenant’s submitted best and final fair market rental rate, and shall notify Landlord and Tenant
thereof. During such ten (10) business day period, Landlord and Tenant may submit to the appraisers such information and documentation to support their respective positions as they shall deem reasonably relevant and Landlord and Tenant may each
appear before the appraisers jointly to question and respond to questions from the appraisers. 

(d)      The decision of the majority of the three (3) appraisers shall be binding
upon Landlord and Tenant and neither party shall have the right to reject the decision or to undo the exercise of the applicable Option. If either Landlord or Tenant fails to appoint an appraiser within the time period specified in Section 3(a)
hereinabove, the appraiser appointed by one of them shall within ten (10) business days following the date on which the party failing to appoint an appraiser could have last appointed such appraiser reach a decision based upon the same
procedures as set forth above (i.e., by selecting either Landlord’s or Tenant’s submitted best and final fair market rental rate), and shall notify Landlord and Tenant thereof, and such appraiser’s decision shall be binding upon
Landlord and Tenant and neither party shall have the right to reject the decision or to undo the exercise of the applicable Option. 
 (e)      If the two (2) appraisers fail to agree upon and appoint a third appraiser, either party, upon ten (10) days written notice to the other party, can apply
to the Presiding Judge of the District Court of Arapahoe County to appoint a third appraiser meeting the qualifications set forth herein. The third appraiser, however, selected shall be a person who has not previously acted in any capacity for ether
party. 
 (f)      The cost of each party’s appraiser shall be the
responsibility of the party selecting such appraiser, and the cost of the third appraiser (or arbitration, if necessary) shall be shared equally by Landlord and Tenant. 

(g)      If the process described hereinabove has not resulted in a selection of either
Landlord’s or Tenant’s submitted best and final fair market rental rate by the commencement of the applicable lease term, then the fair market rental rate estimated by Landlord will be used until the appraiser(s) reach a decision, with an
appropriate rental credit and other adjustments for any overpayments of Monthly Base Rent or other amounts if the appraisers select Tenant’s submitted best and final estimate of the fair market rental rate. The parties shall enter into an
amendment to the Lease confirming the terms of the decision.<![CDATA[Loan and Security Agreement between the Registrant & Hercules Tech Growth Cap]]>

 Exhibit 10.17 
 LOAN AND SECURITY AGREEMENT 
 THIS LOAN AND SECURITY AGREEMENT is made and dated
as of September 15, 2011 and is entered into by and between TRULIA, INC., a Delaware corporation, and each of its subsidiaries, (hereinafter collectively referred to as the “Borrower”), and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a
Maryland corporation (“Lender”). 
 RECITALS 

A. Borrower has requested Lender to make available to Borrower term loans in an aggregate principal amount of up to Twenty Million
($20,000,000) (the “Maximum Term Loans Amount”); and 
 B. Lender is willing to make the term loans on the terms and
conditions set forth in this Agreement. 
 AGREEMENT 

NOW, THEREFORE, Borrower and Lender agree as follows: 
 SECTION 1. DEFINITIONS AND RULES OF CONSTRUCTION 

1.1 Unless otherwise defined herein, the following capitalized terms shall have the following meanings: 

“Account Control Agreement(s)” means any agreement entered into by and among the Lender, Borrower and a third party Bank or
other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which grants Lender a perfected first priority security interest in the subject account or accounts.

 “ACH Authorization” means the ACH Debit Authorization Agreement in substantially the form of Exhibit H. 

“Acquisition” means the purchase or acquisition by Borrower of all or substantially all of any equity interests or capital
stock of another Person or all or any substantial portion of the property, assets or line or lines of business of another Person, whether involving a merger or consolidation, asset sale or other similar transaction involving the Borrower or any of
its Subsidiaries and such other Person. 
 “Advance(s)” means the Term Loan A Advance, the Term Loan B Advances, the
Term Loan C Advances, and any funds advanced under this Agreement. 
 “Advance Date” means the funding date of any
Advance. 
 “Advance Request” means a request for an Advance submitted by Borrower to Lender in substantially the form
of Exhibit A. 
 “Agreement” means this Loan and Security Agreement, as the same may from time to time be
amended, modified, supplemented or restated in accordance with the terms hereof. 
 “Assignee” has the meaning given
to it in Section 11.13. 
 “Availability Milestone” means the (i) achievement by Borrower for the period
from January 1, 2012 through June 30, 2012, of (i) 85% of the planned Revenues set forth for Revenues for the corresponding period in the Borrower’s projections of Revenues delivered to and approved by Lender and attached hereto
as Appendix A, and (ii) notification by Borrower to Lender within 30 days of such achievement in a certificate duly executed by Borrower’s Chief Executive Officer or Chief Financial Officer. 

  
 1 

 “Availability End Date” means August 31, 2012; provided, however if the
Availability Milestone occurs, then the “Availability End Date” means December 31, 2012. 
 “Borrower
Products” means all products, software, service offerings, technical data or technology currently being designed, manufactured or sold by Borrower or which Borrower intends to sell, license, or distribute in the future including any products or
service offerings under development, collectively, together with all products, software, service offerings, technical data or technology that have been sold, licensed or distributed by Borrower since its incorporation. 

“Cash” means all cash and liquid funds. 
 “Change in Control” means any (i) reorganization, recapitalization, consolidation or merger (or similar transaction or series of related transactions) of Borrower or any Subsidiary, sale or
exchange of outstanding shares (or similar transaction or series of related transactions) of Borrower or any Subsidiary in which the holders of Borrower or Subsidiary’s outstanding shares immediately before consummation of such transaction or
series of related transactions do not, immediately after consummation of such transaction or series of related transactions, retain shares representing more than fifty percent (50%) of the voting power of the surviving entity of such
transaction or series of related transactions (or the parent of such surviving entity if such surviving entity is wholly owned by such parent), in each case without regard to whether Borrower or Subsidiary is the surviving entity, or (ii) sale
or issuance by Borrower of new shares of Preferred Stock of Borrower to investors, none of whom are current investors in Borrower, and such new shares of Preferred Stock are senior to all existing Preferred Stock and Common Stock with respect to
liquidation preferences, and the aggregate liquidation preference of the new shares of Preferred Stock is more than fifty percent (50%) of the aggregate liquidation preference of all shares of Preferred Stock of Borrower; provided, however, an
Initial Public Offering shall not constitute a Change in Control. 
 “Claims” has the meaning given to it in
Section 11.10. 
 “Closing Date” means the date of this Agreement. 

“Collateral” means the property described in Section 3. 

“Commitment Fee” means $35,000, which fee has been received by Lender prior to the Closing Date, and shall be deemed fully
earned on such date regardless of the early termination of this Agreement; provided that such Commitment Fee shall be credited against the payment of the Facility Charge required to be paid by Borrower at the Closing. 

“Confidential Information” has the meaning given to it in Section 11.12. 

“Contingent Obligation” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that
Person with respect to (i) any indebtedness, lease, dividend, letter of credit or other obligation of another, including any such obligation directly or indirectly guaranteed, endorsed, co-made or discounted or sold with recourse by that
Person, or in respect of which that Person is otherwise directly or indirectly liable; (ii) any obligations with respect to undrawn letters of credit, corporate credit cards or merchant services issued for the account of that Person; and
(iii) all obligations arising under any interest rate, currency or commodity swap agreement, interest rate cap agreement, interest rate collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in
interest rates, currency exchange rates or commodity prices; provided, however, that the term “Contingent Obligation” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Contingent
Obligation shall be deemed to be an amount equal to the stated or determined amount of the primary obligation in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in
respect thereof as determined by such Person in good faith; provided, however, that such amount shall not in any event exceed the maximum amount of the obligations under the guarantee or other support arrangement. 

  
 2 

 “Copyright License” means any written agreement granting any right to use any
Copyright or Copyright registration, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest. 
 “Copyrights” means all copyrights, whether registered or unregistered, held pursuant to the laws of the United States, any State thereof, or of any other country. 

“Deposit Accounts” means any “deposit accounts,” as such term is defined in the UCC, and includes any checking
account, savings account, or certificate of deposit. 
 “Eligible Acquisitions” shall mean any Acquisition by Borrower
or any of its Subsidiaries; provided, that any Acquisition requiring Borrower or a Subsidiary to expend cash consideration of $1,500,000 or more shall be subject to the approval of Lender in its sole discretion in order to qualify as an Eligible
Acquisition. 
 “ERISA” is the Employee Retirement Income Security Act of 1974, and its regulations. 

“Event of Default” has the meaning given to it in Section 9. 

“Facility Charge” means one percent (1%) of the Maximum Term Loans Amount. 

“Financial Statements” has the meaning given to it in Section 7.1. 

“GAAP” means generally accepted accounting principles in the United States of America, as in effect from time to time.

 “Indebtedness” means indebtedness of any kind, including (a) all indebtedness for borrowed money or the
deferred purchase price of property or services (excluding trade credit entered into in the ordinary course of business due within sixty (60) days), including reimbursement and other obligations with respect to surety bonds and letters of
credit, (b) all obligations evidenced by notes, bonds, debentures or similar instruments, (c) all capital lease obligations, and (d) all Contingent Obligations. 
 “Initial Public Offering” means the initial firm commitment underwritten offering of Borrower’s common stock pursuant to a registration statement under the Securities Act of 1933 filed with
and declared effective by the Securities and Exchange Commission. 
 “Insolvency Proceeding” is any proceeding by or
against any Person under the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization,
arrangement, or other relief. 
 “Intellectual Property” means all of Borrower’s Copyrights; Trademarks; Patents;
Licenses; trade secrets and inventions; mask works; Borrower’s applications therefor and reissues, extensions, or renewals thereof; and Borrower’s goodwill associated with any of the foregoing, together with Borrower’s rights to sue
for past, present and future infringement of Intellectual Property and the goodwill associated therewith. 
 “Intellectual
Property Security Agreement” means an Intellectual Property Security Agreement made by Borrower in favor of Lender. 

“Interest Only Milestone” means the (i) achievement by Borrower for the period from January 1, 2012 through
June 30, 2012, of 90% of the planned Revenues set forth for Revenues for the corresponding period in the Borrower’s Board approved 2012 Business Plan delivered to and approved by Lender, (ii) achievement by Borrower for the period
from January 1, 2012 through June 30, 2012, of incurrence of Expenses not in excess of 110% of the planned Expenses set forth for Expenses for the corresponding periods in the Borrower’s Board approved 2012 Business Plan acceptable to
Lender, and (iii) notification by Borrower to Lender within 30 days of such achievements in a certificate duly executed by Borrower’s Chief Executive Officer or Chief Financial Officer. 

  
 3 

 “Interest Only Period” means the interest only period beginning on the Closing
Date and ending on September 30, 2012; provided, however if Borrower achieves the Interest Only Milestone, then the Interest Only Period means the period beginning on the Closing Date and ending on March 31, 2013. 

“Investment” means any beneficial ownership (including stock, partnership or limited liability company interests) of or in any
Person, or any loan, advance or capital contribution to any Person or the acquisition of all, or substantially all, of the assets of another Person. 
 “Joinder Agreements” means for each Subsidiary, a completed and executed Joinder Agreement in substantially the form attached hereto as Exhibit G. 

“Lender” has the meaning given to it in the preamble to this Agreement. 

“License” means any Copyright License, Patent License, Trademark License or other license of rights or interests. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment for security, security interest, encumbrance, levy,
lien or charge of any kind, whether voluntarily incurred or arising by operation of law or otherwise, against any property, any conditional sale or other title retention agreement, and any lease in the nature of a security interest. 

“Loan” means the Advances made under this Agreement. 
 “Loan Documents” means this Agreement, the Notes, the ACH Authorization, the Account Control Agreements, the Joinder Agreements, all UCC Financing Statements, the Warrant, the Intellectual
Property Security Agreement, and any other documents executed in connection with the Secured Obligations or the transactions contemplated hereby, as the same may from time to time be amended, modified, supplemented or restated. 

“Material Adverse Effect” means a material adverse effect upon: (i) the business, operations, properties, assets, or
condition (financial or otherwise) of Borrower; or (ii) the ability of Borrower to perform the Secured Obligations in accordance with the terms of the Loan Documents, or the ability of Lender to enforce any of its rights or remedies with
respect to the Secured Obligations; or (iii) a material portion of the Collateral or Lender’s Liens on the Collateral or the priority of such Liens. 
 “Maximum Term Loan A Amount” means Five Million and No/100 Dollars ($5,000,000). 
 “Maximum Term Loan B Amount” means Five Million and No/100 Dollars ($5,000,000). 
 “Maximum Term Loan C Amount” means Ten Million and No/100 Dollars ($10,000,000). 
 “Maximum Term Loans Amount” shall have the meaning assigned to such term in the Recitals. 
 “Maximum Rate” shall have the meaning assigned to such term in Section 2.4. 
 “Note(s)” means each of the Term Loan A Term Note, the Term Loan B Note and/or the Term Loan C Note. 
 “Patent License” means any written agreement granting any right with respect to any invention on which a Patent is in existence or a Patent application is pending, in which agreement Borrower
now holds or hereafter acquires any interest. 
 “Patents” means all letters patent of, or rights corresponding
thereto, in the United States or in any other country, all registrations and recordings thereof, and all applications for letters patent of, or rights corresponding thereto, in the United States or any other country. 

  
 4 

 “Permitted Indebtedness” means: (i) Indebtedness of Borrower in favor of
Lender arising under this Agreement or any other Loan Document; (ii) Indebtedness existing on the Closing Date which is disclosed in Schedule 1A; (iii) Indebtedness of up to $500,000 outstanding at any time secured by a lien described in
clause (vii) of the defined term “Permitted Liens,” provided such Indebtedness does not exceed the lesser of the cost or fair market value of the Equipment financed with such Indebtedness; (iv) Indebtedness to trade creditors
incurred in the ordinary course of business, including Indebtedness incurred in the ordinary course of business with corporate credit cards; (v) Indebtedness that also constitutes a Permitted Investment; (vi) Subordinated Indebtedness;
(vii) reimbursement obligations in connection with letters of credit that are secured by cash or cash equivalents and issued on behalf of the Borrower or a Subsidiary thereof in an amount not to exceed $200,000 at any time outstanding,
(viii) other Indebtedness in an amount not to exceed $500,000 at any time outstanding, (ix) Indebtedness in an aggregate principal amount not exceeding Five Million ($5,000,000), consisting of a working capital credit facility based on an
accounts receivable formula (the “Working Capital Facility”); provided, that such Indebtedness is subject to an intercreditor agreement reasonably satisfactory to Lender; (x) Indebtedness in an aggregate amount not to exceed
$1,000,000 constituting settlement arrangements relating to the CIVIX litigation and other litigation disclosed on Schedule 5.5; and (xi) extensions, refinancings and renewals of any items in clauses (i)-(ix) of Permitted Indebtedness and
extensions of items in clause (x) of Permitted Indebtedness, provided that the principal amount is not increased or the terms modified to impose materially more burdensome terms upon Borrower or its Subsidiary, as the case may be. 

“Permitted Investment” means: (i) Investments existing on the Closing Date which are disclosed in Schedule 1B;
(ii) (a) marketable direct obligations issued or unconditionally guaranteed by the United States of America or any agency or any State thereof maturing within one year from the date of acquisition thereof, (b) commercial paper
maturing no more than one year from the date of creation thereof and currently having a rating of at least A-2 or P-2 from either Standard & Poor’s Corporation or Moody’s Investors Service, (c) certificates of deposit issued
by any bank with assets of at least $500,000,000 maturing no more than one year from the date of investment therein, and (d) money market accounts; (iii) repurchases of stock from former employees, directors, or consultants of Borrower
under the terms of applicable repurchase agreements at the original issuance price of such securities in an aggregate amount not to exceed $250,000 in any fiscal year, provided that no Event of Default has occurred, is continuing or would exist
after giving effect to the repurchases; (iv) Investments accepted in connection with Permitted Transfers; (v) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers
and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of Borrower’s business; (vi) Investments consisting of notes receivable of, or prepaid royalties and other
credit extensions, to customers and suppliers who are not affiliates, in the ordinary course of business, provided that this subparagraph (vi) shall not apply to Investments of Borrower in any Subsidiary; (vii) Investments consisting of
loans not involving the net transfer on a substantially contemporaneous basis of cash proceeds to employees, officers or directors relating to the purchase of capital stock of Borrower pursuant to employee stock purchase plans or other similar
agreements approved by Borrower’s Board of Directors; (viii) Investments consisting of travel advances in the ordinary course of business; (ix) Investments in newly-formed Subsidiaries organized in the United States, provided that
such Subsidiaries enter into a Joinder Agreement promptly after their formation by Borrower and execute such other documents as shall be reasonably requested by Lender; (x) Investments in subsidiaries organized outside of the United States
approved in advance in writing by Lender; (xi) joint ventures or strategic alliances in the ordinary course of Borrower’s business consisting of the nonexclusive licensing of technology, the development of technology or the providing of
technical support, provided that any cash Investments by Borrower do not exceed $500,000 in the aggregate in any fiscal year; (xii) Eligible Acquisitions; provided that any new Subsidiaries formed as a result of such Eligible Acquisition enter
into a Joinder Agreement promptly after such acquisition is consummated and execute such other documents as shall be reasonably requested by Lender; and (xiii) additional Investments that do not exceed $500,000 in the aggregate. 

“Permitted Liens” means any and all of the following: (i) Liens in favor of Lender; (ii) Liens existing on the
Closing Date which are disclosed in Schedule 1C; (iii) Liens for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by appropriate proceedings; provided, that Borrower
maintains adequate reserves therefor in accordance with GAAP; (iv) Liens securing claims or demands of materialmen, artisans, mechanics, carriers, warehousemen, landlords and other like Persons arising in the ordinary course of Borrower’s
business and imposed without action of such parties; provided, that the payment thereof is not yet required; (v) Liens arising from judgments, decrees or attachments in circumstances which do not

  
 5 

 
constitute an Event of Default hereunder; (vi) the following deposits, to the extent made in the ordinary course of business: deposits under worker’s compensation, unemployment
insurance, social security and other similar laws, or to secure the performance of bids, tenders or contracts (other than for the repayment of borrowed money) or to secure indemnity, performance or other similar bonds for the performance of bids,
tenders or contracts (other than for the repayment of borrowed money) or to secure statutory obligations (other than liens arising under ERISA or environmental liens) or surety or appeal bonds, or to secure indemnity, performance or other similar
bonds; (vii) Liens on Equipment or software or other intellectual property constituting purchase money liens and liens in connection with capital leases securing Indebtedness permitted in clause (iii) of “Permitted Indebtedness”;
(viii) Liens incurred in connection with Subordinated Indebtedness; (ix) leasehold interests in leases or subleases and licenses granted in the ordinary course of business and not interfering in any material respect with the business of
the licensor; (x) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of custom duties that are promptly paid on or before the date they become due; (xi) Liens on insurance proceeds securing the
payment of financed insurance premiums that are promptly paid on or before the date they become due (provided that such Liens extend only to such insurance proceeds and not to any other property or assets); (xii) statutory and common law rights
of set-off and other similar rights as to deposits of cash and securities in favor of banks, other depository institutions and brokerage firms; (xiii) easements, zoning restrictions, rights-of-way and similar encumbrances on real property
imposed by law or arising in the ordinary course of business so long as they do not materially impair the value or marketability of the related property; (xiv) Liens on cash or cash equivalents securing obligations permitted under clause
(vii) of the definition of Permitted Indebtedness; (xv) Liens securing the Working Capital Facility permitted in clause, (ix) of “Permitted Indebtedness”; provided, that such Liens are subject to an intercreditor agreement
that is reasonably satisfactory to Lender; and (xvi) Liens incurred in connection with the extension, renewal or refinancing of the indebtedness secured by Liens of the type described in clauses (i) through (xi) above; provided, that
any extension, renewal or replacement Lien shall be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness being extended, renewed or refinanced (as may have been reduced by any payment thereon) does not
increase. 
 “Permitted Transfers” means (i) sales of Inventory in the normal course of business,
(ii) non-exclusive licenses and similar arrangements for the use of Intellectual Property in the ordinary course of business and licenses that could not result in a legal transfer of title of the licensed property but that may be exclusive in
respects other than territory and that may be exclusive as to territory only as to discreet geographical areas outside of the United States in the ordinary course of business, or (iii) dispositions of worn-out, obsolete or surplus Equipment at
fair market value in the ordinary course of business, and (iv) other transfers of assets having a fair market value of not more than $250,000 in the aggregate in any fiscal year. 

“Person” means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization,
association, corporation, limited liability company, institution, other entity or government. 
 “Preferred Stock”
means at any given time any equity security issued by Borrower that has any rights, preferences or privileges senior to Borrower’s common stock. 
 “Prepayment Charge” shall have the meaning assigned to such term in Section 2.6. 
 “Prime Rate” means the prime rate as reported in The Wall Street Journal. 
 “Receivables” means (i) all of Borrower’s Accounts, Instruments, Documents, Chattel Paper, Supporting Obligations, letters of credit, proceeds of any letter of credit, and Letter of
Credit Rights, and (ii) all customer lists, software, and business records related thereto. 
 “Secured
Obligations” means Borrower’s obligations under this Agreement and any Loan Document, including any obligation to pay any amount now owing or later arising. 
 “Subordinated Indebtedness” means Indebtedness subordinated to the Secured Obligations in amounts and on terms and conditions satisfactory to Lender in its sole discretion. 

  
 6 

 “Subsequent Financing” means the closing of any Borrower financing which becomes
effective after the Closing Date and results in aggregate proceeds to Borrower of at least $5,000,000. 
 “Subsidiary”
means an entity, whether corporate, partnership, limited liability company, joint venture or otherwise, in which Borrower owns or controls 50% or more of the outstanding voting securities, including each entity listed on Schedule 1 hereto.

 “Term Loan A Advance” shall have the meaning assigned to such term in Section 2.1(a). 

“Term Loan A Interest Rate” means for any day, a per annum rate of interest equal to the greater of either (i) Prime Rate
plus 2.75%, and (ii) 6.00%. 
 “Term Loan A Note” means a Secured Term Loan A Promissory Note in substantially
the form of Exhibit B-1. 
 “Term Loan B Advances” shall have the meaning assigned to such term in
Section 2.2(a). 
 “Term Loan B Interest Rate” means for any day, a per annum rate of interest equal to the
greater of either (i) Prime Rate plus 5.50%, and (ii) 8.75%. 
 “Term Loan B Note” means a Secured Term Loan
B Promissory Note in substantially the form of Exhibit B-2. 
 “Term Loan C Advances” shall have the meaning assigned
to such term in Section 2.3(a). 
 “Term Loan C Interest Rate” means for any day, a per annum rate of interest
equal to the greater of either (i) Prime Rate plus 5.50%, and (ii) 8.75%. 
 “Term Loan C Note” means a
Secured Term Loan C Promissory Note in substantially the form of Exhibit B-3. 
 “Term Loan Maturity Date” means
March 1, 2015; provided, however that if the Interest Only Milestone is achieved, then the Term Loan Maturity Date means September 1, 2015. 
 “Trademark License” means any written agreement granting any right to use any Trademark or Trademark registration, now owned or hereafter acquired by Borrower or in which Borrower now holds or
hereafter acquires any interest. 
 “Trademarks” means all trademarks (registered, common law or otherwise) and any
applications in connection therewith, including registrations, recordings and applications in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any
political subdivision thereof. 
 “UCC” means the Uniform Commercial Code as the same is, from time to time, in effect
in the State of California; provided, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies with respect to, Lender’s Lien on any Collateral is governed by the
Uniform Commercial Code as the same is, from time to time, in effect in a jurisdiction other than the State of California, then the term “UCC” shall mean the Uniform Commercial Code as in effect, from time to time, in such other
jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions. 

“Warrant” means the warrant entered into in connection with the Loan. 

  
 7 

 Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto
to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise
specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance
with GAAP, consistently applied. Unless otherwise defined herein or in the other Loan Documents, terms that are used herein or in the other Loan Documents and defined in the UCC shall have the meanings given to them in the UCC. 

SECTION 2. THE LOAN 
 2.1 Term Loan A. 
 (a) Advances. Subject to the terms and
conditions of this Agreement, Lender will make, and Borrower agrees to draw, an Advance of $5,000,000 on the Closing Date (the “Term Loan A Advance”). The proceeds of the Term Loan A Advance shall be used to pay-off Borrower’s
existing line of credit with Wells Fargo Bank, N.A. and for other general corporate purposes. 
 (b) Advance
Request. To obtain the Term Loan A Advance, Borrower shall complete, sign and deliver an Advance Request and Term Loan A Note to Lender. Lender shall fund the Term Loan A Advance in the manner requested by the Advance Request provided that each of
the conditions precedent to such Term Loan A Advance is satisfied as of the requested Advance Date. 
 (c)
Interest. The principal balance of each Term Loan A Advance shall bear interest thereon from such Advance Date at the Term Loan A Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days
elapsed. The Term Loan A Interest Rate will float and may change as the Prime Rate changes from time to time. 

(d) Payment. During the Term Loan A Interest Only Period, Borrower will pay interest on the Term Loan A Advance on the
first business day of each month, beginning the month after the Closing Date. Borrower shall repay the aggregate principal balance of the Term Loan A Advances that is outstanding at the end of the Interest Only Period in equal monthly installments
of principal and interest beginning the first business day following the expiration of the Interest Only Period and continuing on the first business day of each month thereafter through the Term Loan Maturity Date. The entire remaining principal
balance of the Term Loan A Advances outstanding and all accrued but unpaid interest hereunder, shall be due and payable on Term Loan Maturity Date. Borrower shall make all payments under this Agreement without setoff, recoupment or deduction and
regardless of any counterclaim or defense. Lender will initiate debit entries to the Borrower’s account as authorized on the ACH Authorization on each payment date of all periodic obligations payable to Lender under each Term Loan A Note or
Term Loan A Advance. For the avoidance of doubt, if the Term Loan Maturity Date is March 1, 2015, the aggregate principal balance of the Term Loan A Advance that is outstanding at the end of the Interest Only Period shall be paid in 30 equal
monthly installments of principal and interest and if the Term Loan Maturity Date is September 1, 2015, the aggregate principal balance of the Term Loan A Advance that is outstanding at the end of the Interest Only Period shall be paid in 36
equal monthly installments of principal and interest. 
 2.2 Term Loan B. 

(a) Advances. Subject to the terms and conditions of this Agreement, on or after the Closing Date through the Availability
End Date, Borrower may request Advances in an aggregate amount of up to $5,000,000 (the “Term Loan B Advances”) in minimum increments of $1,000,000; provided, that Borrower shall request at least $2,500,000 on or before December 31,
2011, The aggregate outstanding Term Loan B Advances may be up to the Maximum Term Loan B Amount. 
 (b) Advance
Request. To obtain a Term Loan B Advance, Borrower shall complete, sign and deliver an Advance Request (at least five business days before the Advance Date) and a Term Loan B Note to Lender. Lender shall fund the Term Loan B Advance in the manner
requested by the Advance Request provided that each of the conditions precedent to such Term Loan B Advance is satisfied as of the requested Advance Date. 

  
 8 

 (c) Interest. The principal balance of each Term Loan B Advance shall bear
interest thereon from such Advance Date at the Term Loan B Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed. The Term Loan B Interest Rate will float and may change as the
Prime Rate changes from time to time. 
 (d) Payment. During the Term Loan B Interest Only Period, Borrower will
pay interest on each Term Loan B Advances on the first business day of each month, beginning the month after the Advance Date. Borrower shall repay the aggregate principal balance of the Term Loan B Advances that is outstanding at the end of the
Interest Only Period in equal monthly installments of principal and interest beginning the first business day following the expiration of the Interest Only Period and continuing on the first business day of each month thereafter through the Term
Loan Maturity Date. The entire remaining principal balance of the Term Loan B Advances outstanding and all accrued but unpaid interest hereunder, shall be due and payable on Term Loan Maturity Date. Borrower shall make all payments under this
Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. Lender will initiate debit entries to the Borrower’s account as authorized on the ACH Authorization on each payment date of all periodic
obligations payable to Lender under each Term Loan B Note or Term Loan B Advance. For the avoidance of doubt, if the Term Loan Maturity Date is March 1, 2015, the aggregate principal balance of the Term Loan B Advances that is outstanding at
the end of the Interest Only Period shall be paid in 30 equal monthly installments of principal and interest and if the Term Loan Maturity Date is September 1, 2015, the aggregate principal balance of the Term Loan B Advances that is
outstanding at the end of the Interest Only Period shall be paid in 36 equal monthly installments of principal and interest. 
 2.3 Term Loan C. 
 (a) Advances. Subject to the terms and
conditions of this Agreement, on or after the Closing Date through the Availability End Date, Borrower may request Advances in an aggregate amount up to $10,000,000 (the “Term Loan C Advances”) in minimum increments of $1,000,000. The
aggregate outstanding Term Loan C Advances may be up to the Maximum Term Loan C Amount. 
 (b) Advance Request.
To obtain a Term Loan C Advance, Borrower shall complete, sign and deliver an Advance Request (at least five business days before the Advance Date) and Term Loan C Note to Lender. Lender shall fund the Term Loan C Advance in the manner requested by
the Advance Request provided that each of the conditions precedent to such Term Loan C Advance is satisfied as of the requested Advance Date. 
 (c) Interest. The principal balance of each Term Loan C Advance shall bear interest thereon from such Advance Date at the Term Loan C Interest Rate based on a year consisting of 360 days, with interest
computed daily based on the actual number of days elapsed. The Term Loan C Interest Rate will float and may change as the Prime Rate changes from time to time. 
 (d) Payment. During the Term Loan C Interest Only Period, Borrower will pay interest on each Term Loan C Advance on the first day of each month, beginning the month after the Advance Date. Borrower shall
repay the aggregate Term Loan C principal balance that is outstanding at the end of the Interest Only Period in equal monthly installments of principal and interest beginning the first business day following the expiration of the Interest Only
Period and continuing on the first business day of each month thereafter through the Term Loan Maturity Date. The entire remaining Term Loan C principal balance and all accrued but unpaid interest hereunder, shall be due and payable on the Term Loan
Maturity Date. Borrower shall make all payments under this Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. Lender will initiate debit entries to the Borrower’s account as authorized on the ACH
Authorization on each payment date of all periodic obligations payable to Lender under each Term Loan C Note or Term Loan C Advance. For the avoidance of doubt, if the Term Loan Maturity Date is March 1, 2015, the aggregate principal balance of
the Term Loan C Advances that is 

  
 9 

 
outstanding at the end of the Interest Only Period shall be paid in 30 equal monthly installments of principal and interest and if the Term Loan Maturity Date is September 1, 2015, the
aggregate principal balance of the Term Loan C Advances that is outstanding at the end of the Interest Only Period shall be paid in 36 equal monthly installments of principal and interest. 

2.4 Maximum Interest. Notwithstanding any provision in this Agreement, the Notes, or any other Loan Document, it is the
parties’ intent not to contract for, charge or receive interest at a rate per annum that is greater than the maximum rate permissible by law that a court of competent jurisdiction shall deem applicable hereto (which under the laws of the State
of California shall be deemed to be the laws relating to permissible rates of interest on commercial loans) (the “Maximum Rate”). If a court of competent jurisdiction shall finally determine that Borrower has actually paid to Lender an
amount of interest in excess of the amount that would have been payable if all of the Secured Obligations had at all times borne interest at the Maximum Rate, then such excess interest actually paid by Borrower shall be applied as follows: first, to
the payment of principal outstanding on the Notes; second, after all principal is repaid, to the payment of Lender’s accrued interest, costs, expenses, professional fees and any other Secured Obligations; and third, after all Secured
Obligations are repaid, the excess (if any) shall be refunded to Borrower. 
 2.5 Default Interest. In the event
any payment is not paid on the scheduled payment date, an amount equal to five percent (5%) of the past due amount shall be payable on demand. In addition, upon the occurrence and during the continuation of an Event of Default hereunder, all
Secured Obligations, including principal, interest, compounded interest, and professional fees, shall bear interest at a rate per annum equal to the rate set forth in Section 2.1(c), 2.2(c) or 2.3(c), as applicable, plus five percent
(5%) per annum. In the event any interest is not paid when due hereunder, delinquent interest shall be added to principal and shall bear interest on interest, compounded at the rate set forth in Section 2.1(c), 2.2(c), 2.3(c) or
Section 2.5, as applicable. 
 2.6 Prepayment. At its option upon at least 7 business days prior notice to
Lender, Borrower may prepay all, but not less than all, of the outstanding Advances by paying the entire principal balance, all accrued and unpaid interest, together with a prepayment charge equal to the following percentage of the Advance amount
being prepaid: if such Advance amounts are prepaid in any of the first twelve (12) months following the Closing Date, 3.0%; after the first twelve (12) months but prior to twenty four (24) months, 2.0%; and thereafter, 1.0% (each, a
“Prepayment Charge”). Borrower agrees that the Prepayment Charge is a reasonable calculation of Lender’s lost profits in view of the difficulties and impracticality of determining actual damages resulting from an early repayment of
the Advances. Borrower shall prepay the outstanding amount of all principal and accrued interest through the prepayment date and the Prepayment Charge upon the occurrence of a Change in Control. The Prepayment Charge shall be eliminated (and
Borrower shall have no further obligation to pay any Prepayment Charge) upon the closing of Borrower’s Initial Public Offering. 
 SECTION 3. SECURITY INTEREST 
 3.1 As security for
the prompt, complete and indefeasible payment when due (whether on the payment dates or otherwise) of all the Secured Obligations, Borrower grants to Lender a security interest in all of Borrower’s personal property now owned or hereafter
acquired, including the following (collectively, the “Collateral”): (a) Receivables; (b) Equipment; (c) Fixtures; (d) General Intangibles; (e) Inventory; (f) Investment Property (but excluding thirty-five
percent (35%) of the capital stock of any foreign Subsidiary that constitutes a Permitted Investment); (g) Deposit Accounts; (h) Cash; (i) Goods; and other tangible and intangible personal property of Borrower whether now or
hereafter owned or existing, leased, consigned by or to, or acquired by, Borrower and wherever located; and, to the extent not otherwise included, all Proceeds of each of the foregoing and all accessions to, substitutions and replacements for, and
rents, profits and products of each of the foregoing. 
 3.2 If Borrower has available unrestricted Cash and
marketable securities on hand in a Deposit Account with respect to which Lender has an Account Control Agreement equal to at least the sum of (i) the principal amount of the outstanding Advances, and (ii) $20,000,000, Lender shall release
its security interest in Borrower’s Intellectual Property (the “IP Release”); provided, however, that the Collateral shall include all 

  
 10 

 
Accounts and General Intangibles that consist of rights to payment and proceeds from the sale, licensing or disposition of all or any part, or rights in, the Intellectual Property (the
“Rights to Payment”). Notwithstanding the foregoing, if a judicial authority (including a U.S. Bankruptcy Court) holds that a security interest in the underlying Intellectual Property is necessary to have a security interest in the Rights
to Payment, then the Collateral shall automatically, and effective as of the date of this Agreement, include the Intellectual Property to the extent necessary to permit perfection of Lender’s security interest in the Rights to Payment.
Furthermore, notwithstanding the foregoing, if any time after an IP Release, Borrower’s available unrestricted Cash and marketable securities on hand in a Deposit Account with respect to which Lender has an Account Control Agreement is less
than the sum of (i) the principal amount of the outstanding Advances, and (ii) $10,000,000, then Borrower shall grant to Lender a security interest in all of Borrower’s Intellectual Property. 

3.3 In the event Borrower obtains the Working Capital Facility, Lender agrees to release or subordinate (as necessary) its
security interest in Borrower’s Cash and Receivables collateral securing the Working Capital Facility, subject to an intercreditor agreement reasonably satisfactory to Lender. 

SECTION 4. CONDITIONS PRECEDENT TO LOAN 
 The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions: 

4.1 Initial Advance. On or prior to the Closing Date, Borrower shall have delivered to Lender the following: 

(a) executed originals of the Loan Documents, Account Control Agreements, a legal opinion of Borrower’s counsel, and
all other documents and instruments reasonably required by Lender to effectuate the transactions contemplated hereby or to create and perfect the Liens of Lender with respect to all Collateral, in all cases in form and substance reasonably
acceptable to Lender; 
 (b) certified copy of resolutions of Borrower’s board of directors evidencing
approval of (i) the Loan and other transactions evidenced by the Loan Documents; and (ii) the Warrant and transactions evidenced thereby; 
 (c) certified copies of the Certificate of Incorporation and the Bylaws, as amended through the Closing Date, of Borrower; 

(d) a certificate of good standing for Borrower from its state of incorporation and similar certificates from all other
jurisdictions in which it does business and where the failure to be qualified would have a Material Adverse Effect; 
 (e) payment of the Facility Charge and reimbursement of Lender’s current expenses reimbursable pursuant to this Agreement, which amounts may be deducted from the initial Advance, it being agreed that
the Commitment Fee shall be applied against the Facility Charge and Lender’s other expenses reimbursable at Closing; 
 (f) pay-off letters and UCC-3 termination statements relating to Indebtedness to Wells Fargo Bank, N.A.; and 
 (g) such other documents as Lender may reasonably request. 
 4.2
All Advances. On each Advance Date: 
 (a) Lender shall have received (i) an Advance Request and a Note for
the relevant Advance as required by Section 2.1(b), 2.2(b) or 2.3(b), as applicable, each duly executed by Borrower’s Chief Executive Officer or Chief Financial Officer, and (ii) any other documents Lender may reasonably request.

  
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 (b) The representations and warranties set forth in this Agreement and in
Section 5 and in the Warrant shall be true and correct in all material respects on and as of the Advance Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate
to an earlier date. 
 (c) Borrower shall be in compliance with all the terms and provisions set forth herein and
in each other Loan Document on its part to be observed or performed, and at the time of and immediately after such Advance no Event of Default shall have occurred and be continuing. 

(d) Each Advance Request shall be deemed to constitute a representation and warranty by Borrower on the relevant Advance
Date as to the matters specified in paragraphs (b) and (c) of this Section 4.2 and as to the matters set forth in the Advance Request. 
 4.3 No Default. As of the Closing Date and each Advance Date, (i) no fact or condition exists that would (or would, with the passage of time, the giving of notice, or both) constitute an Event of
Default and (ii) no event that has had or could reasonably be expected to have a Material Adverse Effect has occurred and is continuing. 
 SECTION 5. REPRESENTATIONS AND WARRANTIES OF BORROWER 
 Borrower
represents and warrants that: 
 5.1 Corporate Status. Borrower is a corporation duly organized, legally existing
and in good standing under the laws of the State of Delaware, and is duly qualified as a foreign corporation in all jurisdictions in which the nature of its business or location of its properties require such qualifications and where the failure to
be qualified could reasonably be expected to have a Material Adverse Effect. Borrower’s present name, former names (if any) used by Borrower within the last five (5) years, locations, place of formation, tax identification number,
organizational identification number and other information are correctly set forth in Exhibit C, as may be updated by Borrower in a written notice (including any Compliance Certificate) provided to Lender after the Closing Date. 

5.2 Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens.
Borrower has the power and authority to grant to Lender a Lien in the Collateral as security for the Secured Obligations. 
 5.3 Consents. Borrower’s execution, delivery and performance of the Notes, this Agreement and all other Loan Documents, and Borrower’s execution of the Warrant, (i) have been duly
authorized by all necessary corporate action of Borrower, (ii) will not result in the creation or imposition of any Lien upon the Collateral, other than Permitted Liens and the Liens created by this Agreement and the other Loan Documents,
(iii) do not violate any provisions of Borrower’s Certificate or Articles of Incorporation (as applicable), bylaws, or any, law, regulation, order, injunction, judgment, decree or writ to which Borrower is subject and (iv) except as
described on Schedule 5.3, do not violate any contract or agreement or require the consent or approval of any other Person. The individual or individuals executing the Loan Documents and the Warrant are duly authorized to do so. 

5.4 Material Adverse Effect. No event that has had or could reasonably be expected to have a Material Adverse Effect has
occurred and is continuing. Borrower is not aware of any event likely to occur that is reasonably expected to result in a Material Adverse Effect. 
 5.5 Actions Before Governmental Authorities. Except as described on Schedule 5.5, there are no actions, suits or proceedings at law or in equity or by or before any governmental authority now pending or,
to the knowledge of Borrower, threatened against or affecting Borrower or its property. 

  
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 5.6 Laws. Borrower is not in violation of any law, rule or regulation, or in
default with respect to any judgment, writ, injunction or decree of any governmental authority, where such violation or default is reasonably expected to result in a Material Adverse Effect. Borrower is not in default in any manner under any
provision of any agreement or instrument evidencing indebtedness, or any other material agreement to which it is a party or by which it is bound. 
 5.7 Information Correct and Current. No information, report, Advance Request, financial statement, exhibit or schedule furnished, by or on behalf of Borrower to Lender in connection with any Loan Document
or included therein or delivered pursuant thereto contained, contains any material misstatement of fact or omitted, omits or will omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which
they were or are made, not misleading at the time such statement was made or deemed made. Additionally, any and all financial or business projections provided by Borrower to Lender shall be (i) provided in good faith and based on the most
current data and information available to Borrower, and (ii) the most current of such projections provided to Borrower’s Board of Directors. 
 5.8 Tax Matters. Except as described on Schedule 5.8, (a) Borrower has filed all federal, state and local tax returns that it is required to file, (b) Borrower has duly paid or fully reserved
for all taxes or installments thereof (including any interest or penalties) as and when due, which have or may become due pursuant to such returns, and (c) Borrower has paid or fully reserved for any tax assessment received by Borrower for the
three (3) years preceding the Closing Date, if any (including any taxes being contested in good faith and by appropriate proceedings). 
 5.9 Intellectual Property Claims. Borrower is the sole owner of, or otherwise has the right to use, the Intellectual Property. Except as described on Schedule 5.9,(i) each of the material Copyrights,
Trademarks and Patents is valid and enforceable, (ii) no material part of the Intellectual Property has been judged invalid or unenforceable by any court or governmental body, in whole or in part, and (iii) no claim has been received by
Borrower that any material part of the Intellectual Property violates the rights of any third party. Exhibit D is a true, correct and complete list of each of Borrower’s Patents, registered Trademarks and registered Copyrights, together
with application or registration numbers, as applicable, owned by Borrower or any Subsidiary, and a list of material agreements involving payments of at least $100,000 under which Borrower licenses Intellectual Property from third parties (other
than shrink-wrap software licenses and agreements entered into in the ordinary course of business), in each case as of the Closing Date. To Borrower’s knowledge after reasonable inquiry, Borrower is neither in material breach of nor has
Borrower failed to perform any material obligations under, any of the foregoing contracts, licenses or agreements; and to Borrower’s knowledge, no third party to any such contract, license or agreement is in material breach thereof or has
failed to perform any material obligations thereunder. 
 5.10 Intellectual Property. Except as described on
Schedule 5.10, Borrower has, or in the case of any proposed business, will have, all material rights with respect to Intellectual Property necessary in the operation or conduct of Borrower’s business as currently conducted by Borrower. Without
limiting the generality of the foregoing, and in the case of Licenses, except for restrictions that are unenforceable under Division 9 of the UCC, Borrower has the right, to the extent required to operate Borrower’s business, to freely
transfer, license or assign Intellectual Property without condition, restriction or payment of any kind (other than license payments in the ordinary course of business) to any third party, and Borrower owns or has the right to use, pursuant to valid
licenses, all software development tools, library functions, compilers and all other third-party software and other items that are used in the design, development, promotion, sale, license, manufacture, import, export, use or distribution of
Borrower Products. 
 5.11 Borrower Products. Except as described on Schedule 5.11, no Intellectual Property
owned by Borrower or Borrower Product has been or is subject to any actual or, to the knowledge of Borrower, threatened litigation, proceeding (including any proceeding in the United States Patent and Trademark Office or any corresponding foreign
office or agency) or outstanding decree, order, judgment, settlement agreement or stipulation that restricts in any manner Borrower’s use, transfer or licensing thereof or that affects the validity, use or enforceability thereof. There is no
decree, order, judgment, agreement, stipulation, arbitral award or other provision entered into in connection with any litigation or proceeding that obligates Borrower 

  
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to grant licenses or ownership interest in any Intellectual Property used to operate or conduct the business of Borrower or Borrower Products. Borrower has not received any written notice or
claim, or, to the knowledge of Borrower, oral notice or claim, challenging or questioning Borrower’s ownership in any Intellectual Property (or written notice of any claim challenging or questioning the ownership in any licensed Intellectual
Property of the owner thereof) or suggesting that any third party has any claim of legal or beneficial ownership with respect thereto nor, to Borrower’s knowledge after reasonable inquiry, is there a reasonable basis for any such claim. To
Borrower’s knowledge, neither Borrower’s use of its Intellectual Property nor the production and sale of Borrower Products infringes the Intellectual Property or other rights of others. 

5.12 Financial Accounts. Exhibit E, as may be updated by the Borrower in a written notice provided to Lender after the
Closing Date, is a true, correct and complete list of (a) all banks and other financial institutions at which Borrower or any Subsidiary maintains Deposit Accounts and (b) all institutions at which Borrower or any Subsidiary maintains an
account holding Investment Property, and such exhibit correctly identifies the name, address and telephone number of each bank or other institution, the name in which the account is held, a description of the purpose of the account, and the complete
account number therefor. 
 5.13 Employee Loans. Borrower has no outstanding loans to any employee, officer or
director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party. 
 5.14 Capitalization and Subsidiaries. Borrower’s capitalization as of the Closing Date is set forth on Schedule 5.14 annexed hereto. Borrower does not own any stock, partnership interest or other
securities of any Person, except for Permitted Investments. Attached as Schedule 5.14, as may be updated by Borrower in a written notice provided after the Closing Date, is a true, correct and complete list of each Subsidiary. 

SECTION 6. INSURANCE; INDEMNIFICATION 

6.1 Coverage. Borrower shall cause to be carried and maintained commercial general liability insurance, on an occurrence
form, against risks customarily insured against in Borrower’s line of business. Such risks shall include the risks of bodily injury, including death, property damage, personal injury, advertising injury, and contractual liability per the terms
of the indemnification agreement found in Section 6.3. Borrower must maintain a minimum of $2,000,000 of commercial general liability insurance for each occurrence. Borrower has and agrees to maintain a minimum of $5,000,000 of directors and
officers’ insurance for each occurrence and $5,000,000 in the aggregate. So long as there are any Secured Obligations outstanding, Borrower shall also cause to be carried and maintained insurance upon the Collateral, insuring against all risks
of physical loss or damage howsoever caused, in an amount not less than the full replacement cost of the Collateral, provided that such insurance may be subject to standard exceptions and deductibles. 

6.2 Certificates. Borrower shall deliver to Lender certificates of insurance that evidence Borrower’s compliance with
its insurance obligations in Section 6.1 and the obligations contained in this Section 6.2. Borrower’s insurance certificate shall state Lender is an additional insured for commercial general liability, a loss payee for all risk
property damage insurance, subject to the insurer’s approval, and a loss payee for property insurance and additional insured for liability insurance for any future insurance that Borrower may acquire from such insurer. Attached to the
certificates of insurance will be additional insured endorsements for liability and lender’s loss payable endorsements for all risk property damage insurance and fidelity. All certificates of insurance will provide for a minimum of thirty
(30) days advance written notice to Lender of cancellation or any other change adverse to Lender’s interests. Any failure of Lender to scrutinize such insurance certificates for compliance is not a waiver of any of Lender’s rights,
all of which are reserved. 
 6.3 Indemnity. Borrower agrees to indemnify and hold Lender and its officers,
directors, employees, agents, in-house attorneys, representatives and shareholders harmless from and against any and all claims, costs, expenses, damages and liabilities (including such claims, costs, expenses, damages and liabilities based on
liability in tort, including strict liability in tort), including reasonable attorneys’ fees and 

  
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disbursements and other costs of investigation or defense (including those incurred upon any appeal), that may be instituted or asserted against or incurred by Lender or any such Person as the
result of credit having been extended, suspended or terminated under this Agreement and the other Loan Documents or the administration of such credit, or in connection with or arising out of the transactions contemplated hereunder and thereunder, or
any actions or failures to act in connection therewith, or arising out of the disposition or utilization of the Collateral, excluding in all cases claims resulting solely from Lender’s gross negligence or willful misconduct. Borrower agrees to
pay, and to save Lender harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all excise, sales or other similar taxes (excluding taxes imposed on or measured by the net income of Lender) that may be
payable or determined to be payable with respect to any of the Collateral or this Agreement. 
 SECTION 7. COVENANTS OF
BORROWER 
 Borrower agrees as follows: 

7.1 Financial Reports. Borrower shall furnish to Lender the financial statements and reports listed hereinafter (the
“Financial Statements”): 
 (a) as soon as practicable (and in any event within 30 days) after the end
of each month, unaudited interim financial statements as of the end of such month (prepared on a consolidated and consolidating basis, if applicable), including balance sheet and related statements of income and cash flows accompanied by a report
detailing any material contingencies (including the commencement of any material litigation by or against Borrower) or any other occurrence that would reasonably be expected to have a Material Adverse Effect, all certified by Borrower’s Chief
Executive Officer or Chief Financial Officer to the effect that they have been prepared in accordance with GAAP, except (i) for the absence of footnotes, (ii) that they are subject to normal year end adjustments, and (iii) they do not
contain certain non-cash items that are customarily included in quarterly and annual financial statements; 
 (b)
as soon as practicable (and in any event within 30 days) after the end of each calendar quarter, unaudited interim financial statements as of the end of such calendar quarter (prepared on a consolidated and consolidating basis, if applicable),
including balance sheet and related statements of income and cash flows accompanied by a report detailing any material contingencies (including the commencement of any material litigation by or against Borrower) or any other occurrence that would
reasonably be expected to have a Material Adverse Effect, certified by Borrower’s Chief Executive Officer or Chief Financial Officer to the effect that they have been prepared in accordance with GAAP, except (i) for the absence of
footnotes, and (ii) that they are subject to normal year end adjustments; as well as the most recent capitalization table for Borrower; 
 (c) as soon as practicable (and in any event within one hundred fifty (150) days) after the end of each fiscal year, unqualified audited financial statements as of the end of such year (prepared on a
consolidated and consolidating basis, if applicable), including balance sheet and related statements of income and cash flows, and setting forth in comparative form the corresponding figures for the preceding fiscal year, certified by a firm of
independent certified public accountants selected by Borrower and reasonably acceptable to Lender, accompanied by any management report from such accountants; 
 (d) as soon as practicable (and in any event within 30 days) after the end of each month, a Compliance Certificate in the form of Exhibit F; 

(e) as soon as practicable (and in any event within 30 days) after the end of each calendar month, a report showing agings
of accounts receivable and accounts payable; 
 (f) promptly after the sending or filing thereof, as the case may
be, copies of any proxy statements, financial statements or reports that Borrower has made available to holders of its Preferred Stock and copies of any regular, periodic and special reports or registration statements that Borrower files with the
Securities and Exchange Commission or any governmental authority that may be substituted therefor, or any national securities exchange; 

  
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 (g) at the same time and in the same manner as it gives to its directors,
copies of all notices, minutes, consents and other materials that Borrower provides to its directors in connection with meetings of the Board of Directors, and within 30 days after each such meeting, minutes of such meeting; and 

(h) financial and business projections promptly following their approval by Borrower’s Board of Directors, as well as
budgets, operating plans and other financial information reasonably requested by Lender. 
 Borrower shall not (without the
consent of Lender, such consent not to be unreasonably withheld or delayed), make any material change in its (a) accounting policies or reporting practices, except as required by GAAP or recommended by its accounting and/or auditing firms, or
(b) fiscal years or fiscal quarters. The fiscal year of Borrower shall end on December 31. 
 The executed Compliance
Certificate may be sent via facsimile to Lender at (650) 473-9194 or via e-mail to skuo@herculestech.com. All Financial Statements required to be delivered pursuant to clauses (a), (b) and (c) shall be sent via e-mail to
financialstatements@herculestech.com with a copy to skuo@herculestech.com provided, that if e-mail is not available or sending such Financial Statements via e-mail is not possible, they shall be sent via facsimile to Lender at: (866) 468-8916,
attention Chief Credit Officer. 
 7.2 Management Rights. Borrower shall permit any representative that Lender
authorizes, including its attorneys and accountants, to inspect the Collateral and examine and make copies and abstracts of the books of account and records of Borrower at reasonable times and upon reasonable notice during normal business hours. In
addition, any such representative shall have the right to meet with management and officers of Borrower to discuss such books of account and records. In addition, Lender shall be entitled at reasonable times and intervals to consult with and advise
the management and officers of Borrower concerning significant business issues affecting Borrower. Such consultations shall not unreasonably interfere with Borrower’s business operations. The parties intend that the rights granted Lender shall
constitute “management rights” within the meaning of 29 C.F.R Section 2510.3-101(d)(3)(ii), but that any advice, recommendations or participation by Lender with respect to any business issues shall not be deemed to give Lender, nor be
deemed an exercise by Lender of, control over Borrower’s management or policies. 
 7.3 Further Assurances.
Borrower shall from time to time execute, deliver and file, alone or with Lender, any financing statements, security agreements, collateral assignments, notices, control agreements, or other documents to perfect or give the highest priority to
Lender’s Lien on the Collateral. Borrower shall from time to time procure any instruments or documents as may be requested by Lender, and take all further action that may be necessary or desirable, or that Lender may reasonably request, to
perfect and protect the Liens granted hereby and thereby. In addition, and for such purposes only, Borrower hereby authorizes Lender to execute and deliver on behalf of Borrower and to file such financing statements, collateral assignments, notices,
control agreements, security agreements and other documents without the signature of Borrower either in Lender’s name or in the name of Lender as agent and attorney-in-fact for Borrower. Borrower shall protect and defend Borrower’s title
to the Collateral and Lender’s Lien thereon against all Persons claiming any interest adverse to Borrower or Lender other than Permitted Liens. 
 7.4 Indebtedness. Borrower shall not create, incur, assume, guarantee or be or remain liable with respect to any Indebtedness, or permit any Subsidiary so to do, other than Permitted Indebtedness, or
prepay any Indebtedness or take any actions which impose on Borrower an obligation to prepay any Indebtedness, except for the conversion of Indebtedness into equity securities and the payment of cash in lieu of fractional shares in connection with
such conversion. Borrower grants to Lender a right to provide a term sheet on any future Permitted Indebtedness provided by a bank or other similar lending institution. 

7.5 Collateral. Borrower shall at all times keep the Collateral, the Intellectual Property and all other property and
assets used in Borrower’s business or in which Borrower now or hereafter holds any interest 

  
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free and clear from any legal process or Liens whatsoever (except for Permitted Liens), and shall give Lender prompt written notice of any legal process affecting the Collateral, the Intellectual
Property, such other property and assets, or any Liens thereon. Borrower shall cause its Subsidiaries to protect and defend such Subsidiary’s title to its assets from and against all Persons claiming any interest adverse to such Subsidiary, and
Borrower shall cause its Subsidiaries at all times to keep such Subsidiary’s property and assets free and clear from any legal process or Liens whatsoever (except for Permitted Liens), and shall give Lender prompt written notice of any legal
process affecting such Subsidiary’s assets. Borrower shall not agree with any Person other than Lender not to encumber its property. 
 7.6 Investments. Borrower shall not directly or indirectly acquire or own, or make any Investment in or to any Person, or permit any of its Subsidiaries so to do, other than Permitted Investments.

 7.7 Distributions. Borrower shall not, and shall not allow any Subsidiary to, (a) repurchase or redeem
any class of stock or other equity interest other than pursuant to employee, director or consultant repurchase plans or other similar agreements, provided, however, in each case the repurchase or redemption price does not exceed the original
consideration paid for such stock or equity interest, or (b) declare or pay any cash dividend or make a cash distribution on any class of stock or other equity interest, except that a Subsidiary may pay dividends or make distributions to
Borrower, or (c) lend money to any employees, officers or directors or guarantee the payment of any such loans granted by a third party in excess of $100,000 in the aggregate or (d) waive, release or forgive any indebtedness owed by any
employees, officers or directors in excess of $100,000 in the aggregate. 
 7.8 Transfers. Except for Permitted
Transfers, Borrower shall not voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of their assets. 

7.9 Mergers or Acquisitions. Borrower shall not merge or consolidate, or permit any of its Subsidiaries to merge or
consolidate, with or into any other business organization (other than mergers or consolidations of a Subsidiary into another Subsidiary or into Borrower), or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the
capital stock or property of another Person, other than Permitted Investments. 
 7.10 Taxes. Borrower and its
Subsidiaries shall pay when due all taxes, fees or other charges of any nature whatsoever (together with any related interest or penalties) now or hereafter imposed or assessed against Borrower, Lender or the Collateral or upon Borrower’s
ownership, possession, use, operation or disposition thereof or upon Borrower’s rents, receipts or earnings arising therefrom. Borrower shall file on or before the due date therefor all personal property tax returns in respect of the
Collateral. Notwithstanding the foregoing, Borrower may contest, in good faith and by appropriate proceedings, taxes for which Borrower maintains adequate reserves therefor in accordance with GAAP. 

7.11 Corporate Changes. Neither Borrower nor any Subsidiary shall change its corporate name, legal form or jurisdiction of
formation without twenty (20) days’ prior written notice to Lender. Neither Borrower nor any Subsidiary shall relocate its chief executive office or its principal place of business unless: (i) it has provided prior written notice to
Lender; and (ii) such relocation shall be within the continental United States. Neither Borrower nor any Subsidiary shall relocate any item of Collateral (other than (x) sales of Inventory in the ordinary course of business,
(y) relocations of Equipment having an aggregate value of up to $150,000 in any fiscal year, and (z) relocations of Collateral from a location described on Exhibit C to another location described on Exhibit C) unless (i) it has
provided prompt written notice to Lender, (ii) such relocation is within the continental United States and, (iii) if such relocation is to a third party bailee, it has delivered a bailee agreement in form and substance reasonably
acceptable to Lender. 
 7.12 Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit
Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement. 

  
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 7.13 Subsidiaries. Borrower shall notify Lender of each Subsidiary formed
subsequent to the Closing Date and, within 15 days of formation, shall cause any such Subsidiary organized under the laws of any State within the United States to execute and deliver to Lender a Joinder Agreement. 

7.14 Use of Proceeds. The proceeds of the Term Loan Advances shall be used solely for financing Eligible Acquisitions,
capital expenditures and general corporate purposes. 
 7.15 Post Closing Deliverables. Borrower shall have
thirty (30) days after the Closing Date to deliver to Lender a fully executed Consent for Removal of Property for the property located in Englewood, CO. 
 SECTION 8. RIGHT TO INVEST 
 8.1 Lender or its
assignee or nominee shall have the right, in its discretion, to participate in any Subsequent Financing in an amount of up to $500,000 on the same terms, conditions and pricing afforded to others participating in any such Subsequent Financing.

 SECTION 9. EVENTS OF DEFAULT 
 The occurrence of any one or more of the following events shall be an Event of Default: 
 9.1 Payments. Borrower fails to pay any amount due under this Agreement, the Notes or any of the other Loan Documents on the due date; or 

9.2 Covenants. Borrower breaches or defaults in the performance of any covenant or Secured Obligation under this
Agreement, the Notes, or any of the other Loan Documents, and (a) with respect to a default under any covenant under this Agreement (other than under Sections 6, 7.4, 7.5, 7.6, 7.7 or 7.8) such default continues for more than fifteen
(15) days after the earlier of the date on which (i) Lender has given notice of such default to Borrower and (ii) Borrower has actual knowledge of such default or (b) with respect to a default under any of Sections 6, 7.4, 7.5,
7.6, 7.7 or 7.8, the occurrence of such default; or 
 9.3 Material Adverse Effect. A circumstance has occurred
that would reasonably be expected to have a Material Adverse Effect; or 
 9.4 Other Loan Documents. The
occurrence of any default under any Loan Document or any other agreement between Borrower and Lender and such default continues for more than fifteen (15) days after the earlier of (a) Lender has given notice of such default to Borrower,
or (b) Borrower has actual knowledge of such default; or 
 9.5 Representations. Any representation or
warranty made by Borrower in any Loan Document or in the Warrant shall have been false or misleading in any material respect; or 
 9.6 Insolvency. Borrower (A) (i) shall make an assignment for the benefit of creditors; or (ii) shall be unable to pay its debts as they become due, or be unable to pay or perform under the
Loan Documents, or shall become insolvent; or (iii) shall file a voluntary petition in bankruptcy; or (iv) shall file any petition, answer, or document seeking for itself any reorganization, arrangement, composition, readjustment,
liquidation, dissolution or similar relief under any present or future statute, law or regulation pertinent to such circumstances; or (v) shall seek or consent to or acquiesce in the appointment of any trustee, receiver, or liquidator of
Borrower or of all or any substantial part (i.e., 33-1/3% or more) of the assets or property of Borrower; or (vi) shall cease operations of its business as its business has normally been conducted, or terminate substantially all of its
employees; or (vii) Borrower or its directors or majority shareholders shall take any action initiating any of the foregoing actions described in clauses (i) through (vi); or (B) either (i) thirty (30) days shall have
expired after the commencement of an involuntary action against Borrower seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, without such
action being dismissed or all orders 

  
 18 

 
or proceedings thereunder affecting the operations or the business of Borrower being stayed; or (ii) a stay of any such order or proceedings shall thereafter be set aside and the action
setting it aside shall not be timely appealed; or (iii) Borrower shall file any answer admitting or not contesting the material allegations of a petition filed against Borrower in any such proceedings; or (iv) the court in which such
proceedings are pending shall enter a decree or order granting the relief sought in any such proceedings; or (v) thirty (30) days shall have expired after the appointment, without the consent or acquiescence of Borrower, of any trustee,
receiver or liquidator of Borrower or of all or any substantial part of the properties of Borrower without such appointment being vacated; or 
 9.7 Attachments; Judgments. Any portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money,
individually or in the aggregate, of at least $100,000, and such judgment is not vacated within thirty (30) days of its entry, or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or

 9.8 Other Obligations. The occurrence of any default under any agreement or obligation of Borrower involving
any Indebtedness in excess of $500,000, or the occurrence of any default under any agreement or obligation of Borrower that could reasonably be expected to have a Material Adverse Effect. 

SECTION 10. REMEDIES 
 10.1 General. Upon and during the continuance of any one or more Events of Default, (i) Lender may, at its option, accelerate and demand payment of all or any part of the Secured Obligations together
with a Prepayment Charge and declare them to be immediately due and payable (provided, that upon the occurrence of an Event of Default of the type described in Section 9.6, the Notes and all of the Secured Obligations shall automatically be
accelerated and made due and payable, in each case without any further notice or act), and (ii) Lender may notify any of Borrower’s account debtors to make payment directly to Lender, compromise the amount of any such account on
Borrower’s behalf and endorse Lender’s name without recourse on any such payment for deposit directly to Lender’s account. Lender may exercise all rights and remedies with respect to the Collateral under the Loan Documents or
otherwise available to it under the UCC and other applicable law, including the right to release, hold, sell, lease, liquidate, collect, realize upon, or otherwise dispose of all or any part of the Collateral and the right to occupy, utilize,
process and commingle the Collateral. All Lender’s rights and remedies shall be cumulative and not exclusive. 
 10.2 Collection; Foreclosure. Upon the occurrence and during the continuance of any Event of Default, Lender may, at any time or from time to time, apply, collect, liquidate, sell in one or more sales,
lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation or processing, in such order as Lender may elect. Any such sale may be made either at public or private sale at
its place of business or elsewhere. Borrower agrees that any such public or private sale may occur upon ten (10) calendar days’ prior written notice to Borrower. Lender may require Borrower to assemble the Collateral and make it available
to Lender at a place designated by Lender that is reasonably convenient to Lender and Borrower. The proceeds of any sale, disposition or other realization upon all or any part of the Collateral shall be applied by Lender in the following order of
priorities: 
 First, to Lender in an amount sufficient to pay in full Lender’s costs and professionals’ and
advisors’ fees and expenses as described in Section 11.11; 
 Second, to Lender in an amount equal to the then unpaid
amount of the Secured Obligations (including principal, interest, and the Default Rate interest), in such order and priority as Lender may choose in its sole discretion; and 
 Finally, after the full, final, and indefeasible payment in Cash of all of the Secured Obligations, to any creditor holding a junior Lien on the Collateral, or to Borrower or its representatives or as a
court of competent jurisdiction may direct. 

  
 19 

 Lender shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the
Collateral if it complies with the obligations of a secured party under the UCC. 
 10.3 No Waiver. Lender shall
be under no obligation to marshal any of the Collateral for the benefit of Borrower or any other Person, and Borrower expressly waives all rights, if any, to require Lender to marshal any Collateral. 

10.4 Cumulative Remedies. The rights, powers and remedies of Lender hereunder shall be in addition to all rights, powers
and remedies given by statute or rule of law and are cumulative. The exercise of any one or more of the rights, powers and remedies provided herein shall not be construed as a waiver of or election of remedies with respect to any other rights,
powers and remedies of Lender. 
 SECTION 11. MISCELLANEOUS 

11.1 Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under such law, such provision shall be ineffective only to the extent and duration of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 11.2 Notice.
Except as otherwise provided herein, any notice, demand, request, consent, approval, declaration, service of process or other communication (including the delivery of Financial Statements) that is required, contemplated, or permitted under the Loan
Documents or with respect to the subject matter hereof shall be in writing, and shall be deemed to have been validly served, given, delivered, and received upon the earlier of: (i) the day of transmission by facsimile or hand delivery or
delivery by an overnight express service or overnight mail delivery service; or (ii) the third calendar day after deposit in the United States mails, with proper first class postage prepaid, in each case addressed to the party to be notified as
follows: 
  

	 	(a)	If to Lender: 

 HERCULES
TECHNOLOGY GROWTH CAPITAL, INC. 
 Legal Department 
 Attention: Chief Legal Officer and Steve Kuo 
 400 Hamilton Avenue, Suite 310

 Palo Alto, CA 94301 
 Facsimile: 650-473-9194 
 Telephone: 650-289-3060 

 

	 	(b)	If to Borrower: 

 TRULIA, INC.

 Attention: Chief Executive Officer 
 116 New Montgomery Street, 
 Suite 300 

San Francisco, CA 94105 
 Facsimile: (415) 983-2429 
 Telephone: (415) 648-4358 

or to such other address as each party may designate for itself by like notice. 

11.3 Entire Agreement; Amendments. This Agreement, the Notes, and the other Loan Documents constitute the entire agreement
and understanding of the parties hereto in respect of the subject matter hereof and thereof, and supersede and replace in their entirety any prior proposals, term sheets, letters, negotiations or other documents or agreements, whether written or
oral, with respect to the subject matter hereof or thereof (including Lender’s revised proposal letter dated August 2, 2011). None of the terms of this Agreement, the Notes or any of the other Loan Documents may be amended except by an
instrument executed by each of the parties hereto. 

  
 20 

 11.4 No Strict Construction. The parties hereto have participated jointly in
the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise
favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement. 
 11.5 No
Waiver. The powers conferred upon Lender by this Agreement are solely to protect its rights hereunder and under the other Loan Documents and its interest in the Collateral and shall not impose any duty upon Lender to exercise any such powers. No
omission or delay by Lender at any time to enforce any right or remedy reserved to it, or to require performance of any of the terms, covenants or provisions hereof by Borrower at any time designated, shall be a waiver of any such right or remedy to
which Lender is entitled, nor shall it in any way affect the right of Lender to enforce such provisions thereafter. 
 11.6 Survival. All agreements, representations and warranties contained in this Agreement, the Notes and the other Loan Documents or in any document delivered pursuant hereto or thereto shall be for the
benefit of Lender and shall survive the execution and delivery of this Agreement and the expiration or other termination of this Agreement. 
 11.7 Successors and Assigns. The provisions of this Agreement and the other Loan Documents shall inure to the benefit of and be binding on Borrower and its permitted assigns (if any). Borrower shall not
assign its obligations under this Agreement, the Notes or any of the other Loan Documents without Lender’s express prior written consent, and any such attempted assignment shall be void and of no effect. Lender may assign, transfer, or endorse
its rights hereunder and under the other Loan Documents without prior notice to Borrower, and all of such rights shall inure to the benefit of Lender’s successors and assigns. 

11.8 Governing Law. This Agreement, the Notes and the other Loan Documents have been negotiated and delivered to Lender in
the State of California, and shall have been accepted by Lender in the State of California. Payment to Lender by Borrower of the Secured Obligations is due in the State of California. This Agreement, the Notes and the other Loan Documents shall be
governed by, and construed and enforced in accordance with, the laws of the State of California, excluding conflict of laws principles that would cause the application of laws of any other jurisdiction. 

11.9 Consent to Jurisdiction and Venue. All judicial proceedings (to the extent that the reference requirement of
Section 11.10 is not applicable) arising in or under or related to this Agreement, the Notes or any of the other Loan Documents may be brought in any state or federal court located in the State of California. By execution and delivery of this
Agreement, each party hereto generally and unconditionally: (a) consents to nonexclusive personal jurisdiction in Santa Clara County, State of California; (b) waives any objection as to jurisdiction or venue in Santa Clara County, State of
California; (c) agrees not to assert any defense based on lack of jurisdiction or venue in the aforesaid courts; and (d) irrevocably agrees to be bound by any judgment rendered thereby in connection with this Agreement, the Notes or the
other Loan Documents. Service of process on any party hereto in any action arising out of or relating to this Agreement shall be effective if given in accordance with the requirements for notice set forth in Section 11.2, and shall be deemed
effective and received as set forth in Section 11.2. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of either party to bring proceedings in the courts of any other
jurisdiction. 
 11.10 Mutual Waiver of Jury Trial / Judicial Reference. 

(a) Because disputes arising in connection with complex financial transactions are most quickly and economically resolved
by an experienced and expert person and the parties wish applicable state and federal laws to apply (rather than arbitration rules), the parties desire that their disputes be resolved by a judge applying such applicable laws. EACH OF BORROWER AND
LENDER SPECIFICALLY WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY OF ANY CAUSE OF 

  
 21 

 
ACTION, CLAIM, CROSS-CLAIM, COUNTERCLAIM, THIRD PARTY CLAIM OR ANY OTHER CLAIM (COLLECTIVELY, “CLAIMS”) ASSERTED BY BORROWER AGAINST LENDER OR ITS ASSIGNEE OR BY LENDER OR ITS ASSIGNEE
AGAINST BORROWER. This waiver extends to all such Claims, including Claims that involve Persons other than Borrower and Lender; Claims that arise out of or are in any way connected to the relationship between Borrower and Lender; and any Claims for
damages, breach of contract, tort, specific performance, or any equitable or legal relief of any kind, arising out of this Agreement, any other Loan Document. 
 (b) If the waiver of jury trial set forth in Section 11.10(a) is ineffective or unenforceable, the parties agree that all Claims shall be resolved by reference to a referee sitting without a jury,
pursuant to Code of Civil Procedure Section 638, before a mutually acceptable referee or, if the parties cannot agree, a referee selected by the Presiding Judge of Santa Clara County, California. Such proceeding shall be conducted in Santa
Clara County, California, with California rules of evidence and discovery applicable to such proceeding. 
 (c)
In the event Claims are to be resolved by judicial reference, either party may seek from a court identified in Section 11.9, any prejudgment order, writ or other relief and have such prejudgment order, writ or other relief enforced to the
fullest extent permitted by law notwithstanding that all Claims are otherwise subject to resolution by judicial reference. 
 11.11 Professional Fees. Borrower promises to pay Lender’s reasonable fees and expenses necessary to finalize the loan documentation, including but not limited to reasonable attorneys fees, UCC
searches, filing costs, and other miscellaneous expenses. In addition, Borrower promises to pay any and all reasonable attorneys’ and other professionals’ fees and expenses incurred by Lender after the Closing Date in connection with or
related to: (a) the Loan; (b) the administration, collection, or enforcement of the Loan; (c) the amendment or modification of the Loan Documents; (d) any waiver, consent, release, or termination under the Loan Documents;
(e) the protection, preservation, sale, lease, liquidation, or disposition of Collateral or the exercise of remedies with respect to the Collateral; (f) any legal, litigation, administrative, arbitration, or out of court proceeding in
connection with or related to Borrower or the Collateral, and any appeal or review thereof; and (g) any bankruptcy, restructuring, reorganization, assignment for the benefit of creditors, workout, foreclosure, or other action related to
Borrower, the Collateral, the Loan Documents, including representing Lender in any adversary proceeding or contested matter commenced or continued by or on behalf of Borrower’s estate, and any appeal or review thereof. 

11.12 Confidentiality. Lender acknowledges that certain items of Collateral and information provided to Lender by Borrower
are confidential and proprietary information of Borrower, if and to the extent such information either (x) is marked as confidential by Borrower at the time of disclosure, or (y) should reasonably be understood to be confidential (the
“Confidential Information”). Accordingly, Lender agrees that any Confidential Information it may obtain in the course of acquiring, administering, or perfecting Lender’s security interest in the Collateral shall not be disclosed to
any other person or entity in any manner whatsoever, in whole or in part, without the prior written consent of Borrower, except that Lender may disclose any such information: (a) to its own directors, officers, employees, accountants, counsel
and other professional advisors and to its affiliates if Lender in its sole discretion determines that any such party should have access to such information in connection with such party’s responsibilities in connection with the Loan or this
Agreement and, provided that such recipient of such Confidential Information either (i) agrees to be bound by the confidentiality provisions of this paragraph or (ii) is otherwise subject to confidentiality restrictions that reasonably
protect against the disclosure of Confidential Information; (b) if such information is generally available to the public; (c) if required or appropriate in any report, statement or testimony submitted to any governmental authority having
or claiming to have jurisdiction over Lender; (d) if required or appropriate in response to any summons or subpoena or in connection with any litigation, to the extent permitted or deemed advisable by Lender’s counsel; (e) to comply
with any legal requirement or law applicable to Lender; (f) to the extent reasonably necessary in connection with the exercise of any right or remedy under any Loan Document, including Lender’s sale, lease, or other disposition of
Collateral after default; (g) to any participant or assignee of Lender or any prospective participant or assignee; provided, that such participant or assignee or prospective participant or assignee agrees in writing to be bound by this

  
 22 

 
Section prior to disclosure; or (h) otherwise with the prior consent of Borrower; provided, that any disclosure made in violation of this Agreement shall not affect the obligations of
Borrower or any of its affiliates or any guarantor under this Agreement or the other Loan Documents. 
 11.13
Assignment of Rights. Borrower acknowledges and understands that Lender may sell and assign all or part of its interest hereunder and under the Note(s) and Loan Documents to any person or entity (an “Assignee”). After such assignment the
term “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Lender hereunder with respect to the interest so assigned; but with respect to any
such interest not so transferred, Lender shall retain all rights, powers and remedies hereby given. No such assignment by Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the
Note(s), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been paid at the time of such transfer and as to the date to which interest shall have been last paid thereon. 

11.14 Revival of Secured Obligations. This Agreement and the Loan Documents shall remain in full force and effect and
continue to be effective if any petition is filed by or against Borrower for liquidation or reorganization, if Borrower becomes insolvent or makes an assignment for the benefit of creditors, if a receiver or trustee is appointed for all or any
significant part of Borrower’s assets, or if any payment or transfer of Collateral is recovered from Lender. The Loan Documents and the Secured Obligations and Collateral security shall continue to be effective, or shall be revived or
reinstated, as the case may be, if at any time payment and performance of the Secured Obligations or any transfer of Collateral to Lender, or any part thereof is rescinded, avoided or avoidable, reduced in amount, or must otherwise be restored or
returned by, or is recovered from, Lender or by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment, performance, or transfer of Collateral
had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, avoided, avoidable, restored, returned, or recovered, the Loan Documents and the Secured Obligations shall be deemed, without any further action or
documentation, to have been revived and reinstated except to the extent of the full, final, and indefeasible payment to Lender in Cash. 
 11.15 Counterparts. This Agreement and any amendments, waivers, consents or supplements hereto may be executed in any number of counterparts, and by different parties hereto in separate counterparts, each
of which when so delivered shall be deemed an original, but all of which counterparts shall constitute but one and the same instrument. 
 11.16 No Third Party Beneficiaries. No provisions of the Loan Documents are intended, nor will be interpreted, to provide or create any third-party beneficiary rights or any other rights of any kind in
any person other than Lender and Borrower unless specifically provided otherwise herein, and, except as otherwise so provided, all provisions of the Loan Documents will be personal and solely between the Lender and the Borrower. 

11.17 Publicity. Lender may use Borrower’s name and logo, and include a brief description of the relationship between
Borrower and Lender, in Lender’s marketing materials. 
 (SIGNATURES TO FOLLOW) 

  
 23 

 IN WITNESS WHEREOF, Borrower and Lender have duly executed and delivered this Loan and
Security Agreement as of the day and year first above written. 
  

			
	BORROWER:
	
	TRULIA, INC.
		
	Signature:	 	 /s/ Peter Flint

	Print Name:	 	 Pete Flint

	Title:	 	 CEO

 Accepted in Palo Alto, California: 

 

			
	LENDER:	 	
	
	HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
		
	Signature:	 	 /s/ K. Nicholas Martitsch

	Print Name:	 	 K. Nicholas Martitsch

	Title:	 	 Associate General Counsel

  
 24 

 FIRST AMENDMENT 

TO  

LOAN AND SECURITY AGREEMENT 
 This First Amendment to Loan and Security Agreement is entered into as of March 2, 2012 (the “Amendment”), by and among Trulia, Inc. a Delaware corporation, and each of its
subsidiaries set forth on the signature pages hereto or which hereafter becomes parties hereto (hereinafter collectively referred to as “Borrower”), and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a Delaware corporation
(“Lender”). 
 RECITALS 

Borrower and Lender are parties to that certain Loan and Security Agreement dated as of September 15, 2011 (the
“Agreement”). The parties desire to amend the Agreement in accordance with the terms of this Amendment. 
 NOW,
THEREFORE, the parties agree as follows: 
 1. Section 2.1(d) of the Agreement is amended in its
entirety to read as follows: 
 “(d) Payment. During the Term Loan A Interest Only Period, Borrower
will pay interest on the Term Loan A Advance on the first business day of each month, beginning the month after the Closing Date. Borrower shall repay the aggregate principal balance of the Term Loan A Advances that is outstanding at the end of the
Interest Only Period in 30 equal monthly installments of principal and interest beginning the first business day following the expiration of the Interest Only Period and continuing on the first business day of each month thereafter through the Term
Loan Maturity Date. The entire remaining principal balance of the Term Loan A Advances outstanding and all accrued but unpaid interest hereunder, shall be due and payable on Term Loan Maturity Date. Borrower shall make all payments under this
Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. Lender will initiate debit entries to the Borrower’s account as authorized on the ACH Authorization on each payment date of all periodic
obligations payable to Lender under each Term Loan A Note or Term Loan A Advance.” 
 2.
Section 2.2(d) of the Agreement is amended in its entirety to read as follows: 
 “(d)
Payment. During the Term Loan B Interest Only Period, Borrower will pay interest on each Term Loan B Advances on the first business day of each month, beginning the month after the Advance Date. Borrower shall repay the aggregate principal
balance of the Term Loan B Advances that is outstanding at the end of the Interest Only Period in 30 equal monthly installments of principal and interest beginning the first business day following the expiration of the Interest Only Period and
continuing on the first business day of each month thereafter through the Term Loan Maturity Date. The entire remaining principal balance of the Term Loan B Advances outstanding and all accrued but unpaid interest hereunder, shall be due and payable
on Term Loan Maturity Date. Borrower shall make all payments under this Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. Lender will initiate debit entries to the Borrower’s account as authorized
on the ACH Authorization on each payment date of all periodic obligations payable to Lender under each Term Loan B Note or Term Loan B Advance.” 
 3. Section 2.3(d) of the Agreement is amended in its entirety to read as follows: 
 “(d) Payment. During the Term Loan C Interest Only Period, Borrower will pay interest on each Term Loan C Advance on the first day of each month, beginning the month after the Advance Date.
Borrower shall repay the aggregate Term Loan C principal balance that is outstanding at the end of the Interest Only Period in 30 equal monthly installments of principal and interest beginning the first business day following the expiration of the
Interest Only Period and continuing on the first business day of each month thereafter through the Term Loan Maturity Date. The entire remaining Term Loan C principal balance and all accrued but unpaid interest hereunder, shall be due and payable on
the Term Loan Maturity Date. Borrower shall make all payments under this Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. Lender will initiate debit entries to the Borrower’s account as authorized
on the ACH Authorization on each payment date of all periodic obligations payable to Lender under each Term Loan C Note or Term Loan C Advance.” 

  
 1 

 4. The Agreement, as amended hereby, shall be and remain in full
force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as
an amendment of, any right, power, or remedy of Lender under the Loan Documents, as in effect prior to the date hereof. This Amendment does not constitute a novation. 

5. Borrower represents and warrants that the representations and warranties contained in the Agreement are true
and correct as of the date of this Amendment. 
 6. This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument. 

  
 2 

 IN WITNESS WHEREOF, Lender and Borrower have caused this First Amendment to Loan and Security Agreement to
be duly executed by their duly authorized officers, respectively, as of the day and year first above written. 
  

							
	BORROWER:	 		 	 TRULIA, INC.,
 a Delaware corporation

				
		 		 	By:	 	 /s/ Peter Flint

		 		 	Name:	 	 Pete Flint

		 		 	Title:	 	 CEO

			
	BORROWER:	 		 	MOTIVITY LLC, a Delaware limited liability company
				
		 		 	By:	 	 /s/ Peter Flint

		 		 	Name:	 	 Pete Flint

		 		 	Title:	 	 Manager

 Accepted in Palo Alto, California: 
  

							
		
		 	 LENDER:

		
		 	 HERCULES TECHNOLOGY GROWTH CAPTIAL, INC., a Maryland corporation

				
		 		 	By:	 	 /s/ K. Nicholas Martitsch

		 		 	Name:	 	 K. Nicholas Martitsch

		 		 	Its:	 	 Associate General Counsel

  
 3 

 SECOND AMENDMENT 

TO  

LOAN AND SECURITY AGREEMENT 
 This Second Amendment to Loan and Security Agreement is entered into as of July 10, 2012 (the “Amendment”), by and among Trulia, Inc. a Delaware corporation, and each of its
subsidiaries set forth on the signature pages hereto or which hereafter becomes parties hereto (hereinafter collectively referred to as “Borrower”), and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a Delaware corporation
(“Lender”). 
 RECITALS 

Borrower and Lender are parties to that certain Loan and Security Agreement dated as of September 15, 2011 (as
amended, restated or modified from time to time, the “Agreement”). The parties desire to amend the Agreement in accordance with the terms of this Amendment. 
 NOW, THEREFORE, the parties agree as follows: 
 1.
Electronic Transmission. Section 7.1(f) of the Agreement is amended to add the following proviso at the end thereof: 
 “; provided, that such documents may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which Borrower emails to Lender the Link of such documents
posted to Borrower’s website on the internet at Borrower’s website address” 
 2.
Amendment to Section 7.4. Section 7.4 of the Agreement is amended to delete the last sentence thereof. 
 3. Amendment to Section 8. Section 8 of the Agreement is amended in its entirety to read as follows: 
 “SECTION 8. INTENTIONALLY DELETED”. 
 4.
Amendment to Exhibits and Schedules. Exhibit C, Exhibit D, Exhibit E and all Schedules shall be deleted as an attachment to the Agreement and attached to the Perfection Certificate. 

5. Waiver relating to Movity LLC. Lender hereby waives any Event of Default that may have arisen solely as
a result of the dissolution of Movity LLC; provided, however, Lender does not waive any other failure by Borrower to perform its Secured Obligations under the Loan Documents at any time, whether prior to or after such dates. This waiver is specific
as to content and time and shall not constitute a waiver of any other current or future default or breach of any other terms in the Agreement or any other documents signed by Borrower in favor of Lender. Lender may still exercise its rights or any
other or further rights against Borrower because of any other breach not waived above. 
 6. No
Waiver. The Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects. Except as expressly set forth herein, the execution, delivery,
and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Lender under the Loan Documents, as in effect prior to the date hereof. This Amendment does not constitute a novation.

 7. Representations and Warranties. Borrower represents and warrants that the representations
and warranties contained in the Agreement are true and correct as of the date of this Amendment unless such representation and warranty relates solely to an earlier date, in which case such representation and warranty shall be true and correct as of
such earlier date. 

  
 1 

 8. Release. 

(a) Borrower acknowledges that Lender would not enter into this Amendment without Borrower’s assurance hereunder. Except for the
obligations arising hereafter under the Agreement, Borrower hereby absolutely discharges and releases Lender, any person or entity that has obtained any interest from Lender under the Agreement and each of Lender’s and such entity’s former
and present partners, stockholders, officers, directors, employees, successors, assignees, agents and attorneys from any known or unknown claims which Borrower now has against Lender of any nature, including any claims that Borrower, its successors,
counsel, and advisors may in the future discover they would have now had if they had known facts not now known to them, whether founded in contract, in tort or pursuant to any other theory of liability, including but not limited to any claims
arising out of or related to the Agreement or the transactions contemplated thereby. 
 (b) Borrower waives the provisions of
California Civil Code Section 1542, which states: 
 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 

(c) The provisions, waivers and releases set forth in this section are binding upon Borrower and Borrower’s shareholders, agents,
employees, assigns and successors in interest, and each and every party claiming rights by or through Borrower. The provisions, waivers and releases of this section shall inure to the benefit of Lender and its agents, employees, officers, directors,
assigns and successors in interest. 
 (d) Borrower warrants and represents that Borrower is the sole and lawful owner of all
right, title and interest in and to all of the claims released hereby and Borrower has not heretofore voluntarily, by operation of law or otherwise, assigned or transferred or purported to assign or transfer to any person any such claim or any
portion thereof. Borrower shall indemnify and hold harmless Lender from and against any claim, demand, damage, debt, liability (including payment of attorneys’ fees and costs actually incurred whether or not litigation is commenced) based on or
arising out of any assignment or transfer. 
 (e) The provisions of this section shall survive payment in full of the
Obligations, full performance of all the terms of the Agreement, and/or Lender’s actions to exercise any remedy available under the Agreement or otherwise. 

9. Consultation of Counsel. Borrower acknowledges that Borrower has had the opportunity to be represented
by legal counsel of its own choice throughout all of the negotiations that preceded the execution of this Amendment. Borrower has executed this Amendment after reviewing and understanding each provision of this Amendment and without reliance upon
any promise or representation of any person or persons acting for or on behalf of Lender. Borrower further acknowledges that Borrower and its counsel have had adequate opportunity to make whatever investigation or inquiry they may deem necessary or
desirable in connection with the subject matter of this Amendment prior to the execution hereof and the delivery and acceptance of the consideration described herein. 

10. Course of Dealing; Waivers. No course of dealing on the part of Lender or its officers, nor any failure
or delay in the exercise of any right by Lender, shall operate as a waiver thereof, and any single or partial exercise of any such right shall not preclude any later exercise of any such right. Lender’s failure at any time to require strict
performance by Borrower of any provision shall not affect any right of Lender thereafter to demand strict compliance and performance. Any suspension or waiver of a right must be in writing signed by an officer of Lender. 

11. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one instrument. 

  
 2 

 12. Conditions to Amendment Effective Date. As a condition to
the effectiveness of this Amendment (the “Amendment Effective Date”), Lender shall have received, in form and substance satisfactory to Lender, the following: 
 (a) this Amendment, duly executed by Borrower; 
 (b) an amount equal
to all Lender expenses incurred through the date of this Amendment; and 
 (c) evidence of the effectiveness of
Borrower’s Initial Public Offering; 

  
 3 

 IN WITNESS WHEREOF, Lender and Borrower have caused this Second Amendment to Loan and Security Agreement to
be duly executed by their duly authorized officers, respectively, as of the day and year first above written. 
  

							
	BORROWER:	 		 	 TRULIA, INC.,
 a Delaware corporation

				
		 		 	By:	 	 /s/ Peter Flint

		 		 	Name:	 	 Pete Flint

		 		 	Title:	 	 CEO

 Accepted in Palo Alto, California: 
  

							
		
		 	 LENDER:

		
		 	 HERCULES TECHNOLOGY GROWTH CAPTIAL, INC., a Maryland corporation

				
		 		 	By:	 	 /s/ K. Nicholas Martitsch

		 		 	Name:	 	 K. Nicholas Martitsch

		 		 	Its:	 	 Associate General Counsel

  
 4

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