Document:

EX-4.1

 Exhibit 4.1 

FORM OF 
 AMENDED AND
RESTATED SERIES C WARRANT 
 GREAT BASIN SCIENTIFIC, INC. 

WARRANT TO PURCHASE COMMON STOCK 

Warrant No.: 
 Date of Issuance:
[    ], 2015 (“Issuance Date”) 
 Great Basin Scientific, Inc., a Delaware corporation (the
“Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, [            ], the registered holder
hereof or its permitted assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, upon exercise of this Series C Warrant, to
Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement hereof, the “Warrant”), at any time or times on or after the Issuance Date, but not after 11:59 p.m., New York
time, on the Expiration Date (as defined below), [5 YEARS FROM DATE OF THE PROSPECTUS] (subject to adjustment as provided herein) fully paid and non-assessable shares of Common Stock (as defined below) (the “Warrant Shares”).
Except as otherwise defined herein, capitalized terms in this Warrant shall have the meanings set forth in Section 16. This Warrant is one of the Warrants to Purchase Common Stock (the “Purchased Warrants”) issued pursuant to
the Offering (as defined in that certain Underwriting Agreement, dated as of February 25, 2015, by and between the Company and Dawson James Securities, Inc., as representative of the several underwriters, as amended by that certain amendment
dated February 27, 2015 (the “Underwriting Agreement”)). 
 This Warrant shall be issuable in book entry
form (the “Book-Entry Warrant Certificate”) and shall initially be represented by one or more Book-Entry Warrant Certificates deposited with American Stock Transfer and Trust Company (the “Warrant Agent”) and
registered in the name of the Holder, or as otherwise directed by the Warrant Agent. Ownership of beneficial interests in this Warrant shall be shown on, and the transfer of such ownership shall be effected through, records maintained by the Warrant
Agent (the “Warrant Register”). The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes,
absent actual written notice to the contrary. 
 1. EXERCISE OF WARRANT. 

(a) Mechanics of Exercise. Subject to the terms and conditions hereof (including, without limitation, the limitations set forth in
Section 1(f)), this Warrant may be exercised by the Holder, in whole or in part, at the Holder’s election (x) upon the earlier of (i) any day on or after the date that is six months after February 25, 2015, or (ii) any
day on or after the fifteenth (15th) day after the Early Exercise Trigger Date, or (y) at any time upon the delivery of the Exercise Price in cash. The Holder shall exercise this
Warrant, in each case, by delivery (whether via e-mail, facsimile or otherwise) of a written notice, in the form attached hereto as Exhibit A (the 

 
“Exercise Notice”) to the Warrant Agent or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of the
Holder appearing on the books of the Company or the Warrant Agent (or to the Company if the exercise is made pursuant to a Cashless Exercise (as defined in Section 1(d)), of the Holder’s election to exercise this Warrant. Within one
(1) Trading Day following an exercise of this Warrant as aforesaid, the Holder shall deliver payment to the Warrant Agent of an amount equal to the Exercise Price in effect on the date of such exercise multiplied by the number of Warrant Shares
as to which this Warrant was so exercised (in respect of such specific exercise, the “Aggregate Exercise Price”) in cash or via wire transfer of immediately available funds (to the account set forth on Schedule A
hereto) if the Holder did not notify the Company in such Exercise Notice that such exercise was made pursuant to a Cashless Exercise (as defined in Section 1(d)). The Holder shall not be required to deliver the original of this Warrant in order
to effect an exercise hereunder. Execution and delivery of an Exercise Notice with respect to less than all of the Warrant Shares shall have the same effect as cancellation of the original of this Warrant certificate and issuance of a new Warrant
certificate evidencing the right to purchase the remaining number of Warrant Shares. Execution and delivery of an Exercise Notice for all of the then-remaining Warrant Shares shall have the same effect as cancellation of the original of this Warrant
certificate after delivery of the Warrant Shares in accordance with the terms hereof. The Holder and the Company or the Warrant Agent shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company
or the Warrant Agent shall deliver any objection to any Notice of Exercise form within 2 Business Days of receipt of the applicable Notice of Exercise. On or before the first (1st) Trading Day following the date on which the Company has
received an Exercise Notice for a Cashless Exercise, the Company shall transmit by e-mail or facsimile an acknowledgment of confirmation of receipt of such Exercise Notice, in the form attached hereto as Exhibit B, to the Warrant
Agent. On or before the third (3rd) Trading Day following (A) in the event of a Cashless Exercise, the date on which the Company has received such Exercise Notice or (B) in the event of an exercise for cash, the later of (i) the
date on which the Warrant Agent has received such Exercise Notice or (ii) the date on which the Warrant Agent receives the Aggregate Exercise Price (such date is referred to herein as the “Delivery Date”), the Company shall,
(X) provided that (I) the Transfer Agent is participating in The Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program and (II) either a registration statement for the issuance to the Holder of
the applicable Warrant Shares to be issued pursuant to such Exercise Notice is effective and the prospectus contained therein is usable or such Warrant Shares to be so issued are otherwise freely tradable, cause the Warrant Agent to credit such
aggregate number of shares of Common Stock to which the Holder is entitled pursuant to such exercise to the Holder’s or its designee’s balance account with DTC through its Deposit/Withdrawal at Custodian system, or (Y) if either of
the immediately preceding clauses (I) or (II) are not satisfied, issue and deliver to the Holder or, at the Holder’s instruction pursuant to the Exercise Notice, the Holder’s agent or designee, in each case, sent by reputable
overnight courier to the address as specified in the applicable Exercise Notice, a certificate, registered in the Company’s share register in the name of the Holder or its designee (as indicated in the applicable Exercise Notice), for the
number of shares of Common Stock to which the Holder is entitled pursuant to such exercise. Upon (A) in the event of a Cashless Exercise, the date on which the Company has received such Exercise Notice or (B) in the event of an exercise
for cash, the later of (i) the date on which the Warrant Agent has received such Exercise Notice or (ii) the date on which the Warrant Agent receives the 

 
Aggregate Exercise Price, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised,
irrespective of the date such Warrant Shares are credited to the Holder’s DTC account or the date of delivery of the certificates evidencing such Warrant Shares (as the case may be); provided, however, that if the date of such receipt is a date
upon which the Common Stock transfer books of the Company are closed, such Holder shall be deemed to have become the record holder of such shares on, the next succeeding day on which the Common Stock transfer books of the Company are open. If this
Warrant is submitted in connection with any exercise pursuant to this Section 1(a) and the number of Warrant Shares represented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise,
then, at the request of the Holder and upon surrender hereof by the Holder at the principal office of the Company, the Company shall as soon as practicable and in no event later than three (3) Business Days after any exercise and at its own
expense, issue and deliver to the Holder (or its designee) a new Warrant (in accordance with Section 7(d)) representing the right to purchase the number of Warrant Shares purchasable immediately prior to such exercise under this Warrant, less
the number of Warrant Shares with respect to which this Warrant is exercised. No fractional shares of Common Stock are to be issued upon the exercise of this Warrant, but rather the number of shares of Common Stock to be issued shall be rounded up
to the nearest whole number. The Company shall pay any and all taxes and fees which may be payable with respect to the issuance and delivery of Warrant Shares upon exercise of this Warrant. 

(b) Exercise Price. For purposes of this Warrant, “Exercise Price” means $2.55, subject to adjustment as provided herein.

 (c) Company’s Failure to Timely Deliver Securities. If the Company shall fail, for any reason or for no reason, to issue to the
Holder on or before the applicable Delivery Date, a certificate for the number of shares of Common Stock to which the Holder is entitled and register such shares of Common Stock on the Company’s share register or to credit the Holder’s
balance account with DTC for such number of shares of Common Stock to which the Holder is entitled upon the Holder’s exercise of this Warrant (as the case may be), then, in addition to all other remedies available to the Holder, the Company
shall pay in cash to the Holder on each day after such third (3rd) Trading Day that the issuance of such shares of Common Stock is not timely effected an amount equal to 2% of the product of (A) the aggregate number of shares of Common
Stock not issued to the Holder on a timely basis and to which the Holder is entitled and (B) the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the last possible date on which the Company could have issued such
shares of Common Stock to the Holder without violating Section 1(a). In addition to the foregoing, if the Company shall fail to issue and deliver a certificate to the Holder and register such shares of Common Stock on the Company’s share
register or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder is entitled upon the Holder’s exercise or exchange hereunder (as the case may be) on or prior to the applicable Delivery
Date, and if on or after such Delivery Date the Holder (or any other Person in respect, or on behalf, of the Holder) purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of
all or any portion of the number of shares of Common Stock, or a sale of a number of shares of Common Stock equal to all or any portion of the number of shares of Common Stock, issuable upon such exercise or exchange that the Holder so anticipated
receiving from the Company, then, in addition to all other remedies available to the Holder, the Company 

 
shall, within three (3) Business Days after the Holder’s request and in the Holder’s discretion, either (i) pay cash to the Holder in an amount equal to the Holder’s
total purchase price (including brokerage commissions and other out-of-pocket expenses, if any) for the shares of Common Stock so purchased (including, without limitation, by any other Person in respect, or on behalf, of the Holder) (the
“Buy-In Price”), at which point the Company’s obligation to so issue and deliver such certificate or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder is entitled
upon the Holder’s exercise or exchange hereunder (as the case may be) (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to so issue and deliver to the Holder a certificate or certificates
representing such shares of Common Stock or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder is entitled upon the Holder’s exercise or exchange hereunder (as the case may be) and pay
cash to the Holder in an amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of shares of Common Stock multiplied by (B) the lowest Closing Sale Price of the Common Stock on any Trading Day during
the period commencing on the date of the applicable Exercise Notice or Exchange Notice, as the case may be, and ending on the date of such issuance and payment under this clause (ii). 

(d) Cashless Exercise. Solely to the extent of an exercise permitted by Section 1(a)(x) and subject to Section 1(f) below, the
Holder may, in its sole discretion (and without limiting the Holder’s rights and remedies contained herein), exercise this Warrant in whole or in part and, subject to the provisions of Section 1(a), in lieu of making the cash payment
otherwise contemplated to be made to the Company upon such exercise in payment of the Aggregate Exercise Price, elect instead to receive upon such exercise a cash payment from the Company equal to the product of (i) the total number of shares
with respect to which this Warrant is then being exercised multiplied by (ii) the Black Scholes Value (as defined below) (the “Exchange Amount”). In the Company’s sole discretion, so long as the Equity Conditions has
occurred the Company may elect to treat such notice as a cashless exercise of the Warrant with respect to the number of shares specified in “A” below for the “Net Number” of shares of Common Stock determined according to the
following formula with respect thereto (a “Cashless Exercise”), as follows: 
 Net Number = (A x B) / C 

For purposes of the foregoing formula: 

A= the total number of shares with respect to which this Warrant is then being exercised. 

B= Black Scholes Value (as defined below). 

C= the Closing Bid Price of the Common Stock as of two (2) Trading Days prior to the time of such exercise (as defined below). 

(e) Disputes. In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the number of Warrant
Shares to be issued pursuant to the terms hereof (including, without limitation, the Net Number), the Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed, provided that following such issuance to Holder such
dispute shall be resolved in accordance with Section 13. 

 (f) Limitations on Exercises and Exchanges. Notwithstanding anything to the contrary contained in
this Warrant, this Warrant shall not be exercisable or exchangeable by the Holder hereof to the extent (but only to the extent) that the Holder or any of its Affiliates would beneficially own in excess of 4.99% (the “Maximum
Percentage”) of the Common Stock. To the extent the above limitation applies, the determination of whether this Warrant shall be exercisable or exchangeable (vis-à-vis other convertible, exercisable or exchangeable securities owned
by the Holder or any of its Affiliates) and of which such securities shall be exercisable or exchangeable (as among all such securities owned by the Holder) shall, subject to such Maximum Percentage limitation, be determined on the basis of the
first submission to the Company for conversion, exercise or exchange (as the case may be). No prior inability to exercise or exchange this Warrant pursuant to this paragraph shall have any effect on the applicability of the provisions of this
paragraph with respect to any subsequent determination of exercisability or exchangeability. For the purposes of this paragraph, beneficial ownership and all determinations and calculations (including, without limitation, with respect to
calculations of percentage ownership) shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”), and the rules and regulations promulgated thereunder. The
provisions of this paragraph shall be implemented in a manner otherwise than in strict conformity with the terms of this paragraph to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Maximum
Percentage beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such Maximum Percentage limitation. The limitations contained in this paragraph shall apply to a
successor Holder of this Warrant. The holders of Common Stock shall be third party beneficiaries of this paragraph and the Company may not amend or waive this paragraph without the consent of holders of a majority of its Common Stock. For any reason
at any time, upon the written or oral request of the Holder, the Company shall within one (1) Business Day confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding, including by virtue of any prior
conversion or exercise or exchange of convertible or exercisable or exchangeable securities into Common Stock, including, without limitation, pursuant to this Warrant or securities issued pursuant to the Certificate of Designation for the Series E
Convertible Preferred Stock. 
 (g) Insufficient Authorized Shares. 

The Company shall at all times keep reserved for issuance under this Warrant a number of shares of Common Stock as shall be necessary to
satisfy the Company’s obligation to issue shares of Common Stock hereunder (without regard to any limitation otherwise contained herein with respect to the number of shares of Common Stock that may be acquirable upon exercise or exchange of
this Warrant). If, notwithstanding the foregoing, and not in limitation thereof, at any time while any of the Purchased Warrants remain outstanding the Company does not have a sufficient number of authorized and unreserved shares of Common Stock to
satisfy its obligation to reserve for issuance upon exercise or exchange of the Purchased Warrants at least a number of shares of Common Stock equal to the number of shares of Common Stock as shall from time to time be necessary to effect the
exercise or exchange of all of the Purchased Warrants then outstanding (the “Required Reserve Amount”) (an “Authorized Share Failure”), then the 

 
Company shall immediately take all action necessary to increase the Company’s authorized shares of Common Stock to an amount sufficient to allow the Company to reserve the Required Reserve
Amount for all the Purchased Warrants then outstanding. Without limiting the generality of the foregoing sentence, as soon as practicable after the date of the occurrence of an Authorized Share Failure, but in no event later than ninety
(90) days after the occurrence of such Authorized Share Failure, the Company shall hold a meeting of its shareholders for the approval of an increase in the number of authorized shares of Common Stock. In connection with such meeting, the
Company shall provide each shareholder with a proxy statement and shall use its commercially reasonable efforts to solicit its shareholders’ approval of such increase in authorized shares of Common Stock and to cause its board of directors to
recommend to the shareholders that they approve such proposal. 
 2. ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES. The Exercise Price and
number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 2. 

(a) Stock Dividends and Splits. Without limiting any provision of Section 4, if the Company, at any time on or after the Issuance Date,
(i) pays a stock dividend on one or more classes of its then outstanding shares of Common Stock or otherwise makes a distribution on any class of capital stock that is payable in shares of Common Stock, (ii) subdivides (by any stock split,
stock dividend, recapitalization or otherwise) one or more classes of its then outstanding shares of Common Stock into a larger number of shares or (iii) combines (by combination, reverse stock split or otherwise) one or more classes of its
then outstanding shares of Common Stock into a smaller number of shares, then in each such case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding immediately before
such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately after the record
date for the determination of shareholders entitled to receive such dividend or distribution, and any adjustment pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date of such
subdivision or combination. If any event requiring an adjustment under this paragraph occurs during the period that an Exercise Price is calculated hereunder, then the calculation of such Exercise Price shall be adjusted appropriately to reflect
such event. 
 (b) [RESERVED]. 

(c) Number of Warrant Shares. Simultaneously with any adjustment to the Exercise Price pursuant to paragraph (a) of this Section 2,
the number of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such adjustment the aggregate Exercise Price payable hereunder for the adjusted number of Warrant Shares
shall be the same as the aggregate Exercise Price in effect immediately prior to such adjustment (without regard to any limitations on exercise contained herein). In addition, and notwithstanding anything to the contrary contained herein,
(x) upon a Cashless Exercise as set forth in Section 1(d) hereof, the number of Warrant Shares for which this Warrant is exercisable immediately following such Cashless Exercise shall be equal to (i) the number of Warrant Shares for
which this Warrant was exercisable immediately prior to such Cashless Exercise less (ii) the number of Warrant Shares as to which such Cashless Exercise was 

 
exercised (such number of Warrant Shares in this clause (ii) in respect of such Cashless Exercise being equal to “A” in such Cashless Exercise formula in respect of such Cashless
Exercise) and (y) the number of Warrant Shares issuable hereunder shall automatically be increased, as necessary, to enable to the Company to comply with its obligations to issue the Net Number of shares of Common Stock under Section 1(d)
hereof upon any Cashless Exercise hereunder. 
 (d) Calculations. All calculations under this Section 2 shall be made by rounding to
the nearest 1/10000th of cent and the nearest 1/100th of a share, as applicable. The number of shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account of the Company, and the disposition of
any such shares shall be considered an issue or sale of Common Stock. 
 (e) Other Events. In the event that the Company shall take any
similar action to which the provisions hereof are not strictly applicable, or, if applicable, would not operate to protect the Holder from dilution or if any event occurs of the type contemplated by the provisions of this Section 2 but not
expressly provided for by such provisions, then the Company’s board of directors shall in good faith determine and implement an appropriate adjustment in the Exercise Price and the number of Warrant Shares (if applicable) so as to protect the
rights of the Holder, provided that no such adjustment pursuant to this Section 2(e) will increase the Exercise Price or decrease the number of Warrant Shares as otherwise determined pursuant to this Section 2, provided further that if the
Required Holders (as defined below) do not accept such adjustments as appropriately protecting its interests hereunder against such dilution, then the Company’s board of directors and the Required Holders shall agree, in good faith, upon an
independent investment bank of nationally recognized standing to make such appropriate adjustments, whose determination shall be final and binding and whose fees and expenses shall be borne by the Company. 

3. RIGHTS UPON DISTRIBUTION OF ASSETS. In addition to any adjustments pursuant to Section 2 above, if the Company, at any time prior to the three year
anniversary of the Issuance Date, shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to all or substantially all of the holders of shares of Common Stock, by way of return of capital or otherwise
(including, without limitation, any distribution of cash, stock or other securities, indebtedness, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a
“Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the
Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Maximum Percentage) immediately before the date on which
a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, to the extent that the
Holder’s right to participate in any such Distributions would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such Distribution to such extent (or the beneficial ownership of any
such shares of Common Stock as a result of such Distribution to such extent) and such Distribution to such extent shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder
exceeding the Maximum Percentage), provided further, 

 
such Distribution shall be held in abeyance for the benefit of the Holder until such time as the Holder exercises this Warrant (whether in whole or in part), and subject to the foregoing proviso,
upon each exercise of this Warrant the Company shall make such Distribution to the Holder with respect to each Warrant Share for which this Warrant is so exercised until such time as this Warrant has been exercised in full). 

4. PURCHASE RIGHTS; FUNDAMENTAL TRANSACTIONS. 

(a) Purchase Rights. In addition to any adjustments pursuant to Section 2 above, if the Company, at any time prior to the three year
anniversary of the Issuance Date, grants, issues or sells any Options, Convertible Securities or rights to purchase stock, warrants, securities or other property pro rata to all or substantially all of the record holders of any class of shares of
Common Stock (the “Purchase Rights”), then the Holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the
number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Maximum Percentage) immediately before the date on which a record is taken
for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights (provided, however,
to the extent that the Holder’s right to participate in any such Purchase Right would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such Purchase Right to such extent (or
beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent) and such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would not result in
the Holder exceeding the Maximum Percentage), and provided further, that such Purchase Rights shall be held in abeyance for the benefit of the Holder until such time as the Holder exercises this Warrant (whether in whole or in part), and subject to
the foregoing proviso, upon each exercise of this Warrant the Company shall deliver such Purchase Rights to the Holder with respect to each Warrant Share for which this Warrant is so exercised until such time as this Warrant has been exercised in
full). 
 (b) Fundamental Transactions. The Company shall not enter into or be party to a Fundamental Transaction unless the Successor
Entity assumes in writing all of the obligations of the Company under this Warrant in accordance with the provisions of this Section 4(b) pursuant to written agreements in form and substance reasonably satisfactory to the Required Holders and
approved by the Required Holders prior to such Fundamental Transaction, including agreements confirming the obligations of the Successor Entity as set forth in this paragraph (b) and (c) and elsewhere in this Warrant and an obligation to
deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to this Warrant, including, without limitation, which is exercisable for a
corresponding number of shares of capital stock equivalent to the shares of Common Stock acquirable and receivable upon exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental
Transaction, and with an exercise price which applies the exercise price hereunder to such shares of capital stock (but taking into account the relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value of
such shares of capital stock, such adjustments to the number of 

 
shares of capital stock and such exercise price being for the purpose of protecting the economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction).
Notwithstanding the foregoing, at the election of the Holder upon exercise of this Warrant following a Fundamental Transaction, the Successor Entity shall deliver to the Holder, in lieu of the shares of Common Stock (or other securities, cash,
assets or other property (except such items still issuable under Sections 3 and 4(a) above, which shall continue to be receivable thereafter)) issuable upon the exercise of this Warrant prior to the applicable Fundamental Transaction, such
shares of common stock (or its equivalent) of the Successor Entity (including its Parent Entity), or other securities, cash, assets or other property, which the Holder would have been entitled to receive upon the happening of the applicable
Fundamental Transaction had this Warrant been exercised immediately prior to the applicable Fundamental Transaction (without regard to any limitations on the exercise of this Warrant). 

(c) Black Scholes Value—FT. Notwithstanding the foregoing and the provisions of Section 4(b) above, at the request of the Holder
delivered at any time commencing on the date of the consummation of any such Fundamental Transaction through the date that is thirty (30) days after the consummation of any such Fundamental Transaction, the Company or the Successor Entity, at
the election of the Holder, shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to the Black Scholes Value—FT. 

(d) Application. The provisions of this Section 4 shall apply similarly and equally to successive Fundamental Transactions and shall be
applied as if this Warrant (and any such subsequent warrants issued hereunder) were fully exercisable and without regard to any limitations on the exercise of this Warrant (provided that the Holder shall continue to be entitled to the benefit of the
Maximum Percentage, applied however with respect to shares of capital stock registered under the 1934 Act and thereafter receivable upon exercise of this Warrant (or any such other warrant)). 

5. NONCIRCUMVENTION. The Company hereby covenants and agrees that the Company will not, by amendment of its Charter (as defined in the Underwriting
Agreement), Bylaws (as defined in the Underwriting Agreement) or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms of this Warrant, and will at all times in good faith carry out all the provisions of this Warrant and take all action as may be required to protect the rights of the Holder. Without limiting
the generality of the foregoing, the Company (i) shall not increase the par value of any shares of Common Stock receivable upon the exercise of this Warrant above the Exercise Price then in effect, (ii) shall take all such actions as may
be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable shares of Common Stock upon the exercise of this Warrant, and (iii) shall, so long as any of the Purchased Warrants are
outstanding, take all action necessary to reserve and keep available out of its authorized and unissued shares of Common Stock, solely for the purpose of effecting the exercise of the Purchased Warrants, the maximum number of shares of Common Stock
as shall from time to time be necessary to effect the exercise of the Purchased Warrants then outstanding (without regard to any limitations on exercise). 

 6. WARRANT HOLDER NOT DEEMED A STOCKHOLDER. Except as otherwise specifically provided herein, the Holder, solely
in its capacity as a holder of this Warrant, shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall anything contained in this Warrant be construed to confer upon the
Holder, solely in its capacity as the Holder of this Warrant, any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification of
stock, consolidation, merger, conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares which it is then entitled to receive upon the due
exercise of this Warrant. In addition, nothing contained in this Warrant shall be construed as imposing any liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a stockholder of the Company, whether
such liabilities are asserted by the Company or by creditors of the Company. Notwithstanding this Section 6, the Company shall provide the Holder with copies of the same notices and other information given to the stockholders of the Company
generally, contemporaneously with the giving thereof to the stockholders; provided however, that the Company shall not be obligated to provide such information if it is filed with the SEC through EDGAR and available to the public through the EDGAR
system. 
 7. REISSUANCE OF WARRANTS. 
 (a)
Transfer of Warrant. If this Warrant is to be transferred, the Holder shall surrender this Warrant (or the Book Entry Warrant Certificate) to the Company or the Warrant Agent (or other designated agent), whereupon the Company or the Warrant Agent
(or other designated agent) will forthwith issue and deliver upon the order of the Holder a new Warrant (or Book Entry Warrant Certificate) (in accordance with Section 7(d)), registered as the Holder may request, representing the right to
purchase the number of Warrant Shares being transferred by the Holder and, if less than the total number of Warrant Shares then underlying this Warrant is being transferred, a new Warrant (or Book Entry Warrant Certificate) (in accordance with
Section 7(d)) to the Holder representing the right to purchase the number of Warrant Shares not being transferred. 
 (b) Lost, Stolen
or Mutilated Warrant. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant (or the Book Entry Warrant Certificate) (as to which a written certification and the
indemnification contemplated below shall suffice as such evidence), and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the Company in customary and reasonable form (including posting a bond) and, in
the case of mutilation, upon surrender and cancellation of this Warrant (or the Book Entry Warrant Certificate), the Company shall execute and deliver to the Holder a new Warrant (or Book Entry Warrant Certificate) (in accordance with
Section 7(d)) representing the right to purchase the Warrant Shares then underlying this Warrant. 
 (c) Exchangeable for Multiple
Warrants. This Warrant is exchangeable, upon the surrender hereof (or of the Book Entry Warrant Certificate) by the Holder at the principal office of the Company, for a new Warrant or Warrants (or Book Entry Warrant Certificates) (in accordance with
Section 7(d)) representing in the aggregate the right to purchase the number of 

 
Warrant Shares then underlying this Warrant, and each such new Warrant (or Book Entry Warrant Certificate) will represent the right to purchase such portion of such Warrant Shares as is
designated by the Holder at the time of such surrender; provided, however, no warrants for fractional shares of Common Stock shall be given. 

(d) Issuance of New Warrants. Whenever the Company is required to issue a new Warrant (or Book Entry Warrant Certificate) pursuant to the
terms of this Warrant, such new Warrant (or Book Entry Warrant Certificate) (i) shall be of like tenor with this Warrant (or Book Entry Warrant Certificate), (ii) shall represent, as indicated on the face of such new Warrant (or Book Entry
Warrant Certificate), the right to purchase the Warrant Shares then underlying this Warrant (or in the case of a new Warrant (or Book Entry Warrant Certificate) being issued pursuant to Section 7(a) or Section 7(c), the Warrant Shares
designated by the Holder which, when added to the number of shares of Common Stock underlying the other new Warrants (or Book Entry Warrant Certificates) issued in connection with such issuance, does not exceed the number of Warrant Shares then
underlying this Warrant), (iii) shall have an issuance date, as indicated on the face of such new Warrant (or Book Entry Warrant Certificate) which is the same as the Issuance Date, and (iv) shall have the same rights and conditions as
this Warrant. 
 8. NOTICES. Whenever notice is required to be given under this Warrant, unless otherwise provided herein, such notice shall be in writing
and shall be deemed given (w) the date of transmission, if such notice or communication is delivered via facsimile or email at the number or email address set forth below prior to 5:00 p.m. (New York time) on a Business Day, (x) on
the date delivered, if delivered personally, (y) on the first Business Day following the deposit thereof with Federal Express or another recognized overnight courier, if sent by Federal Express or another recognized overnight courier, and
(z) on the fourth Business Day following the mailing thereof with postage prepaid, if mailed by registered or certified mail (return receipt requested), in each case to the parties at the following addresses (or at such other address for a
party as shall be specified by like notice). 
  

	 	(a)	If to the Company, to: 

 Great Basin Scientific, Inc. 

2441 South 3850 West 
 Salt Lake
City, UT 84120 
 Attention: Chief Financial Officer 

Facsimile: (801) 990-1055 

email: JRona@gbscience.com 
  

	 	(b)	If to the Warrant Agent, to: 

 American Stock Transfer & Trust Company, LLC 

6201 15th Avenue 
 Brooklyn, NY
11219 
 Attention: Frank Ruggiero – Reorg. Dept. 

email: FRuggiero@amstock.com 

 (c) If to the Holder, to the address of such holder as shown on the Warrant Register. Any notice
required to be delivered by the Company to the Holder may be given by the Warrant Agent on behalf of the Company. 
 The Company shall
provide the Holder with prompt written notice of all actions taken pursuant to this Warrant, including in reasonable detail a description of such action and the reason therefor. Without limiting the generality of the foregoing, the Company will give
written notice to the Holder (i) as soon as practicable upon each adjustment of the Exercise Price and the number of Warrant Shares, setting forth in reasonable detail, and certifying, the calculation of such adjustment(s) and (ii) at
least fifteen (15) days prior to the date on which the Company closes its books or takes a record (A) with respect to any dividend or distribution upon the shares of Common Stock, (B) with respect to any grants, issuances or sales of
any Options, Convertible Securities or rights to purchase stock, warrants, securities, indebtedness, or other property pro rata to holders of shares of Common Stock or (C) for determining rights to vote with respect to any Fundamental
Transaction, dissolution or liquidation, provided in each case that such information (to the extent it constitutes, or contains, material, non-public information regarding the Company or any of its Subsidiaries shall be made known to the public
prior to or in conjunction with such notice being provided to the Holder and (iii) at least ten (10) Trading Days prior to the consummation of any Fundamental Transaction. To the extent that any notice provided hereunder (whether under
this Section 8 or otherwise) constitutes, or contains, material, non-public information regarding the Company or any of its Subsidiaries, the Company shall simultaneously file such notice with the SEC pursuant to a Current Report on
Form 8-K. 
 9. AMENDMENT AND WAIVER. Except as otherwise expressly set forth herein, the provisions of this Warrant may be amended only with the
written consent of the Company and the Required Holders. Any amendment effected in accordance with this Section 9 shall be binding upon the Holder and the Company, provided that no such amendment shall be effective to the extent that it
(1) applies to less than all Purchased Warrants then outstanding, (2) imposes any obligation or liability on the Holder without the Holder’s prior written consent (which may be granted or withheld in the Holder’s sole discretion)
or (3) applies retroactively. Except as otherwise expressly set forth herein, no waiver shall be effective unless it is in writing and signed by an authorized representative of the waiving party, provided that the Required Holders (in a writing
signed by all of the Required Holders) may waive any provision of this Warrant, and any waiver of any provision of this Warrant made in conformity with the provisions of this Section 9 shall be binding on the Holder, provided that no such
waiver shall be effective to the extent that it (1) applies to less than all Purchased Warrants then outstanding (unless a party gives a waiver as to itself only) or (2) imposes any obligation or liability on the Holder without the
Holder’s prior written consent (which may be granted or withheld in the Holder’s sole discretion). Notwithstanding the foregoing, nothing contained in this Section 9 shall permit any amendment or waiver of any provision of
Section 1(f) or the waiver of any Equity Conditions Failure if such failure in any manner resulted from clause (ii) of the definition thereof. 

10. SEVERABILITY. If any provision of this Warrant is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent
jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall
not affect the validity of the remaining provisions of this Warrant so long 

 
as this Warrant as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or
unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The
parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable
provision(s). 
 11. GOVERNING LAW. This Warrant shall be governed by and construed and enforced in accordance with, and all questions concerning the
construction, validity, interpretation and performance of this Warrant shall be governed by, the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New
York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. The Company hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The
City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. Nothing contained herein shall (i) be deemed or operate to preclude the Holder from bringing suit or taking other legal
action against the Company in any other jurisdiction to collect on the Company’s obligations to the Holder or to enforce a judgment or other court ruling in favor of the Holder or (ii) limit, or be deemed to limit, any provision of
Section 13. THE COMPANY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS WARRANT OR ANY TRANSACTION
CONTEMPLATED HEREBY. 
 12. CONSTRUCTION; HEADINGS. This Warrant shall be deemed to be jointly drafted by the Company and the Holder and shall not be
construed against any Person as the drafter hereof. The headings of this Warrant are for convenience of reference and shall not form part of, or affect the interpretation of, this Warrant. 

13. DISPUTE RESOLUTION. 
 (a) Disputes Over the
Exercise Price, Exchange Amount, Exchange Price, Closing Sale Price, Bid Price, the Black Scholes Value—FT or Fair Market Value. 
 (i)
In the case of a dispute relating to the Exercise Price, the Exchange Amount, the Exchange Price, the Closing Sale Price, the Closing Bid Price, the Bid Price, the Black Scholes Value—FT or fair market value (as the case may be) (including,
without limitation, a dispute relating to the determination of any of the foregoing), the Company or the Required Holders (as the case may be) shall submit the dispute via e-mail or facsimile (I) within twenty (20) Business Days after
delivery of the applicable notice giving rise to such dispute to 

 
the Company or the Required Holders (as the case may be) or (II) if no notice gave rise to such dispute, at any time after the Required Holders learned of the circumstances giving rise to
such dispute. If the Required Holders and the Company are unable to resolve such dispute relating to the Exercise Price, the Exchange Amount, the Exchange Price, the Closing Sale Price, the Closing Bid Price, the Bid Price, the Black Scholes
Value—FT or fair market value (as the case may be) by 5:00 p.m. (New York time) on the third (3rd) Business Day following such delivery by the Company or the Required Holders (as the case may be) of such dispute to the Company or the
Required Holders (as the case may be), then the Required Holders shall select an independent, reputable investment bank to resolve such dispute. 

(ii) The Required Holders and the Company shall each deliver to such investment bank (x) a copy of the initial dispute submission so
delivered in accordance with the first sentence of this Section 13(a) and (y) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by the fifth
(5th) Business Day immediately following the date on which the Required Holders selected such investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (x) and
(y) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Required Holders or the Company fails to so deliver all of the Required Dispute Documentation
by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such
investment bank with respect to such dispute and such investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such investment bank prior to the Dispute Submission Deadline). Unless
otherwise agreed to in writing by both the Company and the Required Holders or otherwise requested by such investment bank, neither the Company nor the Required Holders shall be entitled to deliver or submit any written documentation or other
support to such investment bank in connection with such dispute (other than the Required Dispute Documentation). 
 (iii) The Company and
the Required Holders shall cause such investment bank to determine the resolution of such dispute and notify the Company and the Required Holders of such resolution no later than ten (10) Business Days immediately following the Dispute
Submission Deadline. The fees and expenses of such investment bank shall be borne by the Company (provided that such fees and expenses shall be borne equally by the Company and the Required Holders only if such investment bank’s determination
of the disputed Exercise Price, Exchange Amount, Exchange Price, Closing Sale Price, Closing Bid Price, Bid Price, Black Scholes Value—FT or fair market value (as the case may be) was equal to or greater than 98% of the Company’s
determination thereof that gave rise to the applicable dispute), and such investment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error. 

(b) Disputes Over Arithmetic Calculation of Warrant Shares. 

(i) In the case of a dispute as to the arithmetic calculation of the number of Warrant Shares, the Company or the Required Holders (as the
case may be) shall submit the disputed arithmetic calculation via facsimile (i) within twenty (20) Business Days after delivery 

 
of the applicable notice giving rise to such dispute to the Company or the Required Holders (as the case may be) or (ii) if no notice gave rise to such dispute, at any time after the
Required Holders learned of the circumstances giving rise to such dispute. If the Required Holders and the Company are unable to resolve such disputed arithmetic calculation of the number of Warrant Shares by 5:00 p.m. (New York time) on the
third (3rd) Business Day following such delivery by the Company or the Required Holders (as the case may be) of such disputed arithmetic calculation of the number of Warrant Shares to the Company or the Required Holders (as the case may be),
then the Required Holders shall select an independent, reputable accountant or accounting firm to perform such disputed arithmetic calculation of the number of Warrant Shares. 

(ii) The Required Holders and the Company shall each deliver to such accountant or accounting firm (as the case may be) (x) a copy of the
initial dispute submission so delivered in accordance with the first sentence of this Section 13(b) and (y) written documentation supporting its position with respect to such disputed arithmetic calculation of the number of Warrant Shares,
in each case, no later than 5:00 p.m. (New York time) by the fifth (5th) Business Day immediately following the date on which the Required Holders selected such accountant or accounting firm (as the case may be) (the “Submission
Deadline”) (the documents referred to in the immediately preceding clauses (x) and (y) are collectively referred to herein as the “Required Documentation”) (it being understood and agreed that if either the
Required Holders or the Company fails to so deliver all of the Required Documentation by the Submission Deadline, then the party who fails to so submit all of the Required Documentation shall no longer be entitled to (and hereby waives its right to)
deliver or submit any written documentation or other support to such accountant or accounting firm (as the case may be) with respect to such disputed arithmetic calculation of the number of Warrant Shares and such accountant or accounting firm (as
the case may be) shall perform such disputed arithmetic calculation of the number of Warrant Shares based solely on the Required Documentation that was delivered to such accountant or accounting firm (as the case may be) prior to the Submission
Deadline). Unless otherwise agreed to in writing by both the Company and the Required Holders or otherwise requested by such accountant or accounting firm (as the case may be), neither the Company nor the Required Holders shall be entitled to
deliver or submit any written documentation or other support to such accountant or accounting firm (as the case may be) in connection with such disputed arithmetic calculation of the number of Warrant Shares (other than the Required Documentation).

 (iii) The Company and the Required Holders shall cause such accountant or accounting firm (as the case may be) to perform such disputed
arithmetic calculation and notify the Company and the Required Holders of the results no later than ten (10) Business Days immediately following the Submission Deadline. The fees and expenses of such accountant or accounting firm (as the case
may be) shall be borne solely by the Company, and such accountant’s or accounting firm’s (as the case may be) arithmetic calculation shall be final and binding upon all parties absent manifest error. 

(c) Miscellaneous. The Company expressly acknowledges and agrees that (i) this Section 13 constitutes an agreement to arbitrate
between the Company and the Required Holders (and constitutes an arbitration agreement) under § 7501, et seq. of the New York Civil Practice Law and Rules (“CPLR”) and that each party is authorized to apply for an
order to compel 

 
arbitration pursuant to CPLR § 7503(a) in order to compel compliance with this Section 13, (ii) the terms of this Warrant shall serve as the basis for the selected investment
bank’s resolution of the applicable dispute, such investment bank shall be entitled (and is hereby expressly authorized) to make all findings, determinations and the like that such investment bank determines are required to be made by such
investment bank in connection with its resolution of such dispute and in resolving such dispute such investment bank shall apply such findings, determinations and the like to the terms of this Warrant, (iii) the terms of this Warrant shall
serve as the basis for the selected accountant’s or accounting firm’s performance of the applicable arithmetic calculation of the number of Warrant Shares, (iv) for clarification purposes and without implication that the contrary
would otherwise be true, disputes relating to matters described in Section 13(a) shall be governed by Section 13(a) and not by Section 13(b), (v) the Required Holders (and only the Required Holders), in their sole discretion,
shall have the right to submit any dispute described in this Section 13 to any state or federal court sitting in The City of New York, Borough of Manhattan in lieu of utilizing the procedures set forth in this Section 13 and
(vi) nothing in this Section 13 shall limit the Holder from obtaining any injunctive relief or other equitable remedies (including, without limitation, with respect to any matters described in Section 13(a) or Section 13(b)).

 14. REMEDIES, CHARACTERIZATION, OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF. The remedies provided in this Warrant shall be cumulative and in
addition to all other remedies available under this Warrant, at law or in equity (including a decree of specific performance and/or other injunctive relief), and nothing herein shall limit the right of the Holder to pursue damages for any failure by
the Company to comply with the terms of this Warrant. The Company covenants to the Holder that there shall be no characterization concerning this instrument other than as expressly provided herein. Amounts set forth or provided for herein with
respect to payments, exercises and the like (and the computation thereof) shall be the amounts to be received by the Holder and shall not, except as expressly provided herein, be subject to any other obligation of the Company (or the performance
thereof). The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such breach may be inadequate. The Company therefore agrees that, in the event of any
such breach or threatened breach, the holder of this Warrant shall be entitled, in addition to all other available remedies, to an injunction restraining any breach, without the necessity of showing economic loss and without any bond or other
security being required. The Company shall provide all information and documentation to the Holder that is requested by the Holder to enable the Holder to confirm the Company’s compliance with the terms and conditions of this Warrant
(including, without limitation, compliance with Section 2 hereof). The issuance of shares and certificates for shares as contemplated hereby upon the exercise of this Warrant shall be made without charge to the Holder or such shares for any
issuance tax or other costs in respect thereof, provided that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any certificate in a name other than the Holder
or its agent on its behalf. 
 15. TRANSFER. This Warrant may be offered for sale, sold, transferred or assigned without the consent of the Company. 

 16. CERTAIN DEFINITIONS. For purposes of this Warrant, the following terms shall have the following meanings:

 (a) “Bid Price” means, for any security as of the particular time of determination, the bid price for such
security on the Principal Market as reported by Bloomberg as of such time of determination, or, if the Principal Market is not the principal securities exchange or trading market for such security, the bid price of such security on the principal
securities exchange or trading market where such security is listed or traded as reported by Bloomberg as of such time of determination, or if the foregoing does not apply, the bid price of such security in the over-the-counter market on the
electronic bulletin board for such security as reported by Bloomberg as of such time of determination, or, if no bid price is reported for such security by Bloomberg as of such time of determination, the average of the bid prices of all of the
market makers for such security as reported in the “pink sheets” by OTC Markets Group Inc. as of such time of determination. If the Bid Price cannot be calculated for a security as of the particular time of determination on any of the
foregoing bases, the Bid Price of such security as of such time of determination shall be the fair market value as mutually determined by the Company and the Required Holders. If the Company and the Required Holders are unable to agree upon the fair
market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar
transaction during such period. 
 (b) “Black Scholes Value” means the Black Scholes value of an option for
one share of Common Stock at the date of the applicable Cashless Exercise, as such Black Scholes value is determined, calculated using the Black Scholes Option Pricing Model obtained from the “OV” function on Bloomberg utilizing
(i) an underlying price per share equal to the Closing Bid Price of the Common Stock as of the date of the prospectus included in the registration statement pursuant to which the Units were issued of which this Warrant was a component (adjusted
to the same extent that the Exercise Price hereunder has been adjusted pursuant to Section 2(a) hereof), (ii) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of the Warrant as
of the applicable Cashless Exercise, (iii) a strike price equal to the Exercise Price in effect at the time of the applicable Cashless Exercise, (iv) an expected volatility equal to 135% and (v) a remaining term of such option equal
to five (5) years (regardless of the actual remaining term of the Warrant). 
 (c) “Black Scholes
Value—FT” means the value of the unexercised portion of this Warrant remaining on the date of the Holder’s request pursuant to Section 4(c), which value is calculated using the Black Scholes Option Pricing Model obtained from
the “OV” function on Bloomberg utilizing (i) an underlying price per share equal to the greater of (1) the highest Closing Sale Price of the Common Stock during the period beginning on the Trading Day immediately preceding
the earliest to occur of (x) the public disclosure of the applicable Fundamental Transaction, (y) the consummation of the applicable Fundamental Transaction and (z) the date on which the Holder first became aware of the applicable
Fundamental Transaction and ending on the Trading Day of the Holder’s request pursuant to Section 4(c) and (2) the sum of the price per share being offered in cash in the applicable Fundamental Transaction (if any) plus the value of
the non-cash consideration being offered in the applicable Fundamental Transaction (if any), (ii) a strike price equal to the Exercise Price in effect on the date of the Holder’s request pursuant to Section 4(c), (iii) a
risk-free interest rate corresponding to the  

 
U.S. Treasury rate for a period equal to the greater of (1) the remaining term of this Warrant as of the date of the Holder’s request pursuant to Section 4(c) and (2) the
remaining term of this Warrant as of the date of consummation of the applicable Fundamental Transaction and (iv) an expected volatility equal to the greater of 135% and the 100 day volatility obtained from the HVT function on Bloomberg
(determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the earliest to occur of (x) the public disclosure of the applicable Fundamental Transaction, (y) the consummation of the applicable
Fundamental Transaction and (z) the date on which the Holder first became aware of the applicable Fundamental Transaction. 
 (d)
“Bloomberg” means Bloomberg, L.P. 
 (e) “Business Day” means any day other than Saturday, Sunday
or other day on which commercial banks in The City of New York are authorized or required by law to remain closed. 
 (f)
“Closing Bid Price” and “Closing Sale Price” means, for any security as of any date, the last closing bid price and the last closing trade price, respectively, for such security on the Principal Market, as reported
by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price (as the case may be) then the last bid price or last trade price, respectively, of such
security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of
such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the average of the bid prices, or the ask prices, respectively, of all of the
market makers for such security as reported in the “pink sheets” by OTC Markets Group, Inc. If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the
Closing Bid Price or the Closing Sale Price (as the case may be) of such security on such date shall be the fair market value as mutually determined by the Company and the Required Holders. If the Company and the Required Holders are unable to agree
upon the fair market value of such security, then such dispute shall be resolved in accordance with the procedures in Section 13. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or
other similar transaction during such period. 
 (g) “Common Stock” means (i) the Company’s shares
of common stock, $0.01 par value per share, and (ii) any capital stock into which such common stock shall have been changed or any share capital resulting from a reclassification of such common stock. 

(h) “Convertible Securities” means any stock, note, debenture or other security (other than Options) that is, or may
become, at any time and under any circumstances, directly or indirectly, convertible into, exercisable or exchangeable for, or which otherwise entitles the holder thereof to acquire, any shares of Common Stock. 

(i) “Early Exercise Trigger Date” means the twentieth
(20th) consecutive trading day upon which the closing bid price of the Common Stock is above $4.00 (subject to adjustment as set forth in Section 2), provided, that such 20-day period
cannot begin until thirty (30) days after the date of the prospectus included in the registration statement pursuant to which the Units were issued of which this Warrant was a component. 

 (j) “Eligible Market” means the NYSE MKT, the New York Stock Exchange,
The Nasdaq Global Select Market, The Nasdaq Global Market, The Nasdaq Capital Market, the Principal Market, the OTCBB, the OTCQX or the OTCQB (or any successor to any of the foregoing). 

(k) “Equity Conditions” means: (i) the Company shall have complied in all material respects with all applicable
securities laws and regulations and all rules and regulations of the Eligible Markets in respect of the offer, sale and issuance of the Securities, (ii) the Common Stock (including all shares of Common Stock to be received by Holder) shall be
listed or designated for quotation (as applicable) on an Eligible Market and no Trading Market Event (or event which with notice or passage of time would be a Trading Market Event) has occurred, nor shall delisting or suspension by any Eligible
Market be pending or threatened, unless upon the occurrence of such Trading Market Event, delisting or suspension, the Common Stock would be eligible for listing or for quotation (as applicable) on another Eligible Market, (iii) the Company
shall be in compliance in all material respects with all of its obligations under this Warrant, (iv) each of the Registration Statement (as defined in the Underwriting Agreement) and the prospectus contained therein shall be effective and fully
available for use with respect to the issuance of all of the Securities, including, without limitation, any Warrant Shares issued pursuant to a cash exercise hereof, (v) all Warrant Shares (including any Warrant Shares to be received upon
exercise or exchange of this Warrant and including any Warrant Shares to be issued in a cash exercise, but taking into account the limitations of Section 1(f)) shall be then (or upon such issuance (as the case may be)) freely tradable by the
Holder without restriction of any kind or nature (and the Company shall have no knowledge of any fact which would reasonably be expected to negate the foregoing in the foreseeable future), (vi) no limitation shall be applicable with respect to
the issuance of any Warrant Shares hereunder (other than under Section 1(f)), and (vii) the Company is fully reporting under the 1934 Act and Rule 144 (as defined in the Underwriting Agreement). For purposes hereof, a “Trading
Market Event” shall mean if the Company or the Common Stock or any shares of Common Stock issued or issuable hereunder shall cease or fail to be listed for trading or quoted on any Eligible Market or shall fall below any dollar threshold
for listing or qualification or the Company shall then not be in compliance with any applicable listing or qualification standard (or will be with the passage of time). 

(l) “Equity Conditions Failure” means that on any applicable date of determination, any of the Equity Conditions have
not been satisfied. 
 (m) “Expiration Date” means the date that is the fifth (5th) anniversary of the
Issuance Date or, if such date falls on a day other than a Business Day or on which trading does not take place on the Principal Market (a “Holiday”), the next date that is not a Holiday. 

(n) “Fundamental Transaction” means that (i) the Company or any of its Subsidiaries shall, directly or
indirectly, in one or more related transactions, (1) consolidate or merge with or into (whether or not the Company or any of its Subsidiaries is the surviving corporation) any other Person unless the shareholders of the Company immediately
prior to such  

 
consolidation or merger continue to hold more than 50% of the outstanding shares of Voting Stock after such consolidation or merger, or (2) sell, lease, license, assign, transfer, convey or
otherwise dispose of all or substantially all of its respective properties or assets to any other Person, or (3) allow any other Person to make a purchase, tender or exchange offer that is accepted by the holders of more than 50% of the
outstanding shares of Voting Stock of the Company (not including any shares of Voting Stock of the Company held by the Person or Persons making or party to, or associated or affiliated with the Persons making or party to, such purchase, tender or
exchange offer), or (4) consummate a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with any other Person whereby such other
Person acquires more than 50% of the outstanding shares of Voting Stock of the Company (not including any shares of Voting Stock of the Company held by the other Person or other Persons making or party to, or associated or affiliated with the other
Persons making or party to, such stock or share purchase agreement or other business combination), or (ii) any “person” or “group” (as these terms are used for purposes of Sections 13(d) and 14(d) of the 1934 Act and
the rules and regulations promulgated thereunder) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, of 50% of the aggregate ordinary voting power represented by issued and
outstanding Voting Stock of the Company. 
 (o) “Options” means any rights, warrants or options to subscribe for or
purchase shares of Common Stock or Convertible Securities. 
 (p) “Parent Entity” of a Person means an entity
that, directly or indirectly, controls the applicable Person and whose common stock or equivalent equity security is quoted or listed on an Eligible Market, or, if there is more than one such Person or Parent Entity, the Person or Parent Entity with
the largest public market capitalization as of the date of consummation of the Fundamental Transaction. 
 (q)
“Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity or a government or any department or agency thereof. 

(r) “Principal Market” means The Nasdaq Capital Market. 

(s) “Required Holders” means, collectively, as of a particular time of determination, (as applicable) holders of
Purchased Warrants then exercisable for an aggregate number of shares of Common Stock equal to at least 66.7% of the number of shares of Common Stock issuable upon exercise of all Purchased Warrants outstanding as of such time of determination
(disregarding all limitations on exercise set forth in the Purchased Warrants). 
 (t) “Successor Entity”
means the Person (or, if so elected by the Holder, the Parent Entity) formed by, resulting from or surviving any Fundamental Transaction or the Person (or, if so elected by the Holder, the Parent Entity) with which such Fundamental Transaction shall
have been entered into. 

 (u) “Trading Day” means, as applicable, (x) with respect to all price
determinations relating to the Common Stock, any day on which the Common Stock is traded on the Principal Market, or, if the Principal Market is not the principal trading market for the Common Stock, then on the principal securities exchange or
securities market on which the Common Stock is then traded, provided that “Trading Day” shall not include any day on which the Common Stock is scheduled to trade on such exchange or market for less than 4.5 hours or any day that the
Common Stock is suspended from trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing time of trading on such exchange or market, then during the hour ending at
4:00:00 p.m., New York time) unless such day is otherwise designated as a Trading Day in writing by the Holder or (y) with respect to all determinations other than price determinations relating to the Common Stock, any day on which The New
York Stock Exchange (or any successor thereto) is open for trading of securities. 
 (v) “Voting Stock” of a Person
means capital stock of such Person of the class or classes pursuant to which the holders thereof have the general voting power to elect, or the general power to appoint, at least a majority of the board of directors, managers or trustees of such
Person (irrespective of whether or not at the time capital stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency). 

[Signature page follows] 

 IN WITNESS WHEREOF, the Company has caused this Warrant to Purchase Common Stock to be
duly executed as of the Issuance Date set out above. 
  

			
	GREAT BASIN SCIENTIFIC, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

 [Signature Page to Warrant to Purchase Common Stock] 

  

 SCHEDULE A 

WIRE INSTRUCTIONS FOR CASH EXERCISE 

[NAME OF BANK] 
 ABA # [     ] 

ACCT # [     ] 
 ACCT NAME: [
    ] 

  
 Schedule A-1 

 EXHIBIT A 

EXERCISE NOTICE 
 TO BE
EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS 
 WARRANT TO PURCHASE COMMON STOCK 

GREAT BASIN SCIENTIFIC, INC. 

The undersigned holder hereby exercises the right to purchase             
of the shares of Common Stock (“Warrant Shares”) of Great Basin Scientific, Inc., a company incorporated under the laws of the Delaware (the “Company”), evidenced by Warrant to Purchase Common Stock No. (the
“Warrant”). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant. 

1. Form of Exercise Price. The Holder intends that payment of the Exercise Price shall be made as: 

                     a
“Cash Exercise” with respect to                      Warrant Shares; and/or 

                     a
“Cashless Exercise” with respect to                      Warrant Shares. 

In the event of a “Cash Exercise”, this Exercise Notice and the Aggregate Exercise Price shall be delivered to the Warrant Agent. In
the event of a “Cashless Exercise”, this Exercise Notice shall be delivered to the Company. 
 In the event that the Holder has
elected a Cashless Exercise with respect to some or all of the Warrant Shares, the Holder represents and warrants that the Exchange Amount is $              and, if the Company is
permitted to elect to issue shares of Common Stock,              shares of Common Stock are to be delivered to Holder as the Net Number pursuant to such Cashless Exercise, as further
specified in Annex A to this Exercise Notice. 
 2. Payment of Exercise Price. In the event that the Holder has elected a Cash
Exercise with respect to some or all of the Warrant Shares, the Holder shall pay the Aggregate Exercise Price in the sum of $ to the Warrant Agent in accordance with the terms of the Warrant. 

3. Delivery of Warrant Shares and Net Number of shares of Common Stock. The Company shall cause the Warrant Agent to deliver to Holder,
or its designee or agent as specified below,              shares of Common Stock in respect of the exercise contemplated hereby. Delivery shall be made to Holder, or for its benefit, to the
following address: 
  

	
	   

	   

	   

	   

  
 Exhibit A-1 

	
	        Date:                     ,
	
	   

	Name of Registered Holder

			
		
	By:		 
			Name:
			Title:

Account Number:                    
                                         
                                         
                                         
                                         
  
 (if electronic book entry transfer) 

Transaction Code Number:                 
                                         
                                         
                                         
                               

(if electronic book entry transfer) 

  
 Exhibit A-2 

 ANNEX A TO EXERCISE NOTICE 

CASHLESS EXERCISE EXCHANGE CALCULATION 

TO BE FILLED IN BY THE REGISTERED HOLDER TO EXCHANGE THIS 

WARRANT TO PURCHASE COMMON STOCK FOR COMMON STOCK IN A 

CASHLESS EXERCISE PURSUANT TO SECTION 1(d) OF THE WARRANT 

Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant. 

Net Number = (A x B)/C =
                     shares of Common Stock 

For purposes of the foregoing formula: 

A= the total number of shares with respect to which this Warrant is then being exercised 

=                     . 

B= Black Scholes Value
=                     . 
 C= the Closing
Bid Price of the Common Stock as of two (2) Trading Days prior to the time of such exercise =                     . 

 

	
	        Date:                     ,
	
	   

	Name of Registered Holder

			
		
	By:		 
			Name:
			Title:

  
 Annex A-1 

 EXHIBIT B 

ACKNOWLEDGMENT 
 The
Company hereby acknowledges this Exercise Notice and hereby directs American Stock Transfer & Trust Company, LLC to issue the above indicated number of shares of Common Stock. 

 

			
	GREAT BASIN SCIENTIFIC, INC.
		
	By:		 
			Name:
			Title:

  
 Annex A-2EX-10.1

 Exhibit 10.1 

AGREEMENT OF PURCHASE AND SALE 

THIS AGREEMENT OF PURCHASE AND SALE (the “Agreement”) is made and entered into as of the 17th day of June, 2015 by and between COBHAM PROPERTIES, INC., a Delaware corporation (hereinafter referred to as “Seller”), and M/A-COM TECHNOLOGY SOLUTIONS INC., a
Delaware corporation (hereinafter referred to as “Purchaser”). 
 In consideration of the mutual promises, covenants and
agreements hereinafter set forth and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser agree as follows: 

ARTICLE I. 
 Sale of
Property 
 1.1 Sale of Property. Seller hereby agrees to sell, assign and convey to Purchaser and Purchaser agrees
to purchase from Seller, all of Seller’s right, title and interest in and to, the following: 
 1.1.1. Land and
Improvements. The real property known and numbered as 100-144 Chelmsford Street in Lowell, Massachusetts, being more particularly described on Exhibit A attached hereto and incorporated herein by reference thereto
(collectively, the “Land”), together with the buildings and other improvements located thereon (the “Improvements”); 

1.1.2. Leases. All leases, subleases, licenses and other occupancy agreements, together with any and all amendments,
modifications or supplements thereto (hereafter referred to collectively as the “Leases”, which Leases are listed on Schedule 1.1.2 attached hereto) affecting the Property, and all prepaid rent attributable to the period
following the Closing, and, subject to Section 4.2.4 below, the security deposits under such Leases (which security deposits are listed on Schedule 1.1.2) (collectively, the “Leasehold Property”); 

1.1.3. Real Property. All rights, privileges and easements appurtenant to Seller’s interest in the Land and the
Improvements, if any, including, without limitation, all of Seller’s right, title and interest, if any, in and to all mineral and water rights and all easements, licenses, covenants and other rights-of-way or other appurtenances used in
connection with the beneficial use and enjoyment of the Land and the Improvements (the Land, the Improvements and all such easements and appurtenances are sometimes collectively referred to herein as the “Real Property”); 

1.1.4. Personal Property. All personal property (including equipment), if any, owned by Seller and located on the Real
Property as of the date hereof, and all fixtures (if any) owned by Seller and located on the Real Property as of the date hereof (the “Personal Property”), and including, without limitation, that listed on schedule on Schedule
1.1.4 attached hereto); 

 1.1.5. Intangible Property. All non-exclusive trademarks and trade names, if
any, used or useful in connection with the Real Property, but only to the extent that the same are not trademarks or trade names of Seller or any of Seller’s affiliated companies (collectively, the “Trade Names”), together with
the Seller’s interest, if any, in and to any service, equipment, supply and maintenance contracts which Purchaser elects to assume by written notice to Seller prior to the end of the Feasibility Period (the “Contracts”, which
Contracts are listed on Schedule 1.1.5 attached hereto), guarantees, licenses, approvals, certificates, permits and warranties relating to the property (to the extent assignable), all plans, specifications and architectural or other drawings
related to the Property (if any) and any site plans, layout plans or other renderings related to the possible development of vacant portions of the Property by Seller (collectively, the “Intangible Property”). (The Real Property,
the Leasehold Property, the Personal Property, the Trade Names and the Intangible Property are sometimes collectively hereinafter referred to as the “Property”). 

SELLER SELLS AND WILL SELL AND PURCHASER TAKES AND WILL TAKE THE PROPERTY IN “AS IS” CONDITION WITH ALL FAULTS. 

ARTICLE II. 
 Purchase
Price 
 2.1 Purchase Price. The purchase price for the Property shall be Eight Million Two Hundred Fifty Thousand Dollars
($8,250,000.00) (the “Purchase Price”). The Purchase Price, as adjusted by all prorations as provided for herein, shall be paid to Seller by Purchaser at Closing, as herein defined, by wire transfer to an account designated by
Seller. 
 ARTICLE III. 

Intentionally Omitted 

ARTICLE IV. 
 Closing,
Prorations and Closing Costs 
 4.1 Closing. The Closing (hereinafter defined) shall occur on or before 10:00 a.m.
Eastern time on the date that is fifteen (15) days after the expiration of the Feasibility Period (as defined in Section 5.1 of this Agreement), but in no event any later than June 29, 2015. The Closing shall be made through a
closing escrow arrangement with the Purchaser’s title insurance company (the “Title Company”) reasonably acceptable to Seller. “Closing” shall be deemed to occur when the Title Company has been instructed by
both parties to release escrow and record the Deed. Time is hereby made of the essence. The date of Closing is referred to herein as the “Closing Date.” 

4.2. Prorations. All matters involving prorations or adjustments to be made in connection with Closing and not specifically
provided for in some other provision of this Agreement shall be adjusted in accordance with this Section 4.2. Except as otherwise set forth 

  
 2 

 
herein, all items to be prorated pursuant to this Section 4.2 shall be prorated as of midnight of the day immediately preceding the Closing Date, with Purchaser to be treated as the
owner of the Property, for purposes of prorations of income and expenses, on and after the Closing Date. The provisions of Section 4.2 (including Sections 4.2.1 through 4.2.7) shall survive the Closing. 

4.2.1. Taxes. Real estate and personal property taxes and special assessments, if any, shall be prorated as of the Closing
Date. Seller shall pay at or prior to Closing all real estate and personal property taxes and special assessments attributable to the Property as of the Closing Date. If the real estate and/or personal property tax rate and assessments have not been
set for the year in which the Closing occurs, then the proration of such taxes shall be based upon the rate and assessments for the preceding tax year and such proration shall be adjusted in cash between Seller and Purchaser upon presentation of
written evidence that the actual taxes paid for the year in which the Closing occurs, differ from the amounts used in the Closing in accordance with the provisions of Section 4.2.5 hereof. 

4.2.2. Insurance. There shall be no proration of Seller’s insurance premiums or assignment of Seller’s insurance
policies. Purchaser shall obtain any insurance coverage deemed necessary or appropriate by Purchaser. 
 4.2.3. Utilities and
Contracts. Purchaser and Seller hereby acknowledge and agree that the amounts of all telephone, electric, sewer, water and other utility bills, trash removal bills, janitorial and maintenance service bills and all other operating
expenses relating to the Property and allocable to the period prior to the Closing Date shall be determined and paid by Seller before Closing, if possible, or shall be paid thereafter by Seller or adjusted between Purchaser and Seller immediately
after the same have been determined. Seller shall attempt to have all utility meters read as of the Closing Date, and Seller shall provide written evidence reasonably satisfactory to Purchaser of the payment of the same. Purchaser shall cause all
utility services to be placed in Purchaser’s name as of the Closing Date. If permitted by the applicable utilities, all utility deposits in Seller’s name shall be assigned to Purchaser as of the Closing Date and Seller shall receive a
credit therefor at Closing. 
 4.2.4. Rents. Rents (including, without limitation, estimated pass-through payments,
payments for common area maintenance reconciliations and all additional charges payable by tenants under the Leases, (collectively, “Rents”)) collected by Seller prior to Closing shall be prorated as of the Closing Date. The amount
of any unapplied security deposits under the Leases in the form of cash shall be credited against the Purchase Price; accordingly, Seller shall retain the actual cash deposits. If any security deposits are in the form of a letter of credit, Seller
shall assign its interest in the letter of credit to Purchaser (to the extent assignable) and deliver the original letter of credit to Purchaser at Closing. 

4.2.5. Calculations. For purposes of calculating prorations, Purchaser shall be deemed to be in title to the Property, and,
therefore entitled to the income therefrom and responsible for the expenses thereof for the entire day upon which the Closing occurs. All such prorations shall be made on the basis of the actual number of days of the month which shall have elapsed
as of the day of the Closing and based upon the actual number of days in the month and a three hundred sixty five (365) day year. The amount of such prorations shall be initially performed at Closing but shall be subject to adjustment in cash
after the Closing as and when 

  
 3 

 
complete and accurate information becomes available, if such information is not available at the Closing. Seller and Purchaser agree to cooperate and use their best efforts to make such
adjustments no later than sixty (60) days after the Closing (or as soon thereafter as may be practicable, with respect to common area maintenance and other additional rent charges (including pass-throughs for real estate and personal property
taxes and special assessments) payable by tenants under leases). Except as set forth in this Section 4.2, all items of income and expense which accrue for the period prior to the Closing will be for the account of Seller and all items of
income and expense which accrue for the period on and after the Closing will be for the account of Purchaser. 
 4.2.6. Leasing
Commissions and Leasing Costs. Except as otherwise provided in Section 9.19 of the Lease Agreement between Seller as landlord and Purchaser as tenant described in Schedule 1.1.2, Seller shall be responsible for all leasing and
brokerage commissions and other leasing costs currently due and owing with respect to Leases executed prior to the Effective Date, it being acknowledged that leasing commissions and leasing costs which are attributable to existing options in the
Leases, to the extent such options are exercised after the Effective Date, shall be paid by Purchaser. 
 4.2.7. Prepaid
Items. Any prepaid items, including, without limitation, fees for licenses which are transferred to the Purchaser at the Closing and annual permit and inspection fees shall be apportioned between the Seller and the Purchaser at the Closing.

 4.3. Closing Costs. All transfer taxes and expenses and any state, county or municipal documentary stamps or transfer taxes
on the deed shall be paid by Seller. Purchaser shall pay title examination costs, title insurance premiums (including any endorsements required by Purchaser) and all other costs associated with Purchaser’s due diligence and Purchaser’s
financing. Except as provided in Section 16.16, each party shall be responsible for its own attorney’s fees. Any title escrow fees shall be split equally by the parties. 

ARTICLE V. 

Purchaser’s Right of Inspection; Feasibility Period 

5.1. Right to Evaluate. Commencing on the Effective Date and continuing until 5:00 p.m. Eastern time on June 28,
2015 (the “Feasibility Period”), Purchaser and its agents shall have the right (with reasonable advance notice to Seller), at Purchaser’s sole cost and expense and at Purchaser’s and its agents’ sole risk, to perform
inspections and tests of the Property and to perform such other analyses, inquiries and investigations as Purchaser shall deem necessary or appropriate. Seller shall reasonably cooperate with Buyer in connection with such review and evaluation of
the Property, provided such cooperation shall be at no out-of-pocket cost to Seller. In the event Purchaser and/or its agents is not allowed by Seller to perform any reasonable inspections as Purchaser so desires, then Purchaser may terminate this
Agreement, in which event this Agreement shall terminate and be of no further force and effect other than the Surviving Termination Obligations (as defined in Section 16.12 herein). 

  
 4 

 Notwithstanding anything contained in this Section 5.1 to the contrary, with respect to any
intrusive inspection or test (i.e., core sampling, soil tests, etc.) desired by Purchaser, the following terms and conditions shall apply: (a) Purchaser must obtain Seller’s prior written consent (which consent may be given, withheld or
conditioned in Seller’s sole discretion) as to the scope of the proposed inspection or test and the firm or person performing the same; (b) prior to performing any such inspection or test, Purchaser must deliver to Seller a certificate of
insurance to Seller evidencing that Purchaser and its contractors, agents and representatives have in place reasonable amounts of comprehensive general liability insurance and workers compensation insurance for their activities on the Premises upon
terms and amounts reasonably satisfactory to Seller, covering any accident arising in connection with the presence of Purchaser, its contractors, agents and representatives on the Premises, which insurance shall name Seller and such other parties as
Seller may designate as additional insureds thereunder; and (c) Purchaser shall bear the cost of all such inspections or tests and shall be responsible for and act as the generator with respect to any wastes generated by those inspections or
tests. 
 5.2. Seller Deliveries. Seller acknowledges that on or prior to the Effective Date, Seller has delivered to
Purchaser all of the items specified on Exhibit B, attached hereto (the “Documents”). 
 5.3. Termination
Right. In the event that Purchaser determines that it does not desire to acquire the Property for any reason in Purchaser’s sole discretion, Purchaser shall provide written notice to Seller before the end of the Feasibility Period,
and, subject to the Surviving Termination Obligations, this Agreement shall terminate and neither party shall have any further rights or obligations to the other hereunder. 

5.4 Time of the Essence Closing. In the event that the Closing does not occur on or before June 29, 2015, this Agreement
shall be deemed terminated, and subject to the Surviving Termination Obligations, this Agreement shall terminate and neither party shall have any further rights or obligations hereunder. 

ARTICLE VI. 
 Title
Matters 
 6.1. Title. At Closing, Seller shall convey to Purchaser, good and clear, insurable, record and marketable fee
simple title to the Property, free and clear of all liens and encumbrances other than any Permitted Exceptions. “Permitted Exceptions” shall consist exclusively of: (a) items 3 – 12 of the excerpt of policy of title
insurance listed on Schedule 6.1 attached hereto, (b) all non-delinquent property taxes and assessments, (c) all matters created by, through or under Purchaser, including, without limitation, any documents or instruments to be
recorded as part of any financing for the acquisition of the Property by Purchaser, and (d) local, state and federal laws, ordinances or governmental regulations, including, but not limited to, building and zoning laws, ordinances and
regulations, now or hereafter in effect relating to the Property. 
 6.2. Title Provisions. Notwithstanding anything herein to
the contrary, the Property will not conform with the title provisions of this agreement unless (a) all buildings, structures and improvements, and all means of access to the Property, are located completely within the boundary lines of the
Property and do not encroach upon or under the property of any other person or entity without the benefit of a perpetual appurtenant easement, (b) no building, structure or improvement of any kind belonging to another person or entity
encroaches upon or under the Property without the benefit of an appurtenant easement, and (c) the Property abuts or has indefeasible access to a public way, duly laid out or accepted as such by the municipality in which the Property is located.

  
 5 

 ARTICLE VII. 

Representations and Warranties of the Seller 

7.1. Seller’s Representations. Seller represents and warrants that the following matters are true and correct as of
the Effective Date. 
 7.1.1. Authority. Seller is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware and is qualified to conduct business in the Commonwealth of Massachusetts. This Agreement has been duly authorized, executed and delivered by Seller, is the legal, valid and binding obligation of Seller, and
does not violate any provision of any agreement or judicial order to which Seller is a party or to which Seller is subject. All documents to be executed by Seller which are to be delivered at Closing, at the time of Closing will be duly authorized,
executed and delivered by Seller, at the time of Closing will be legal, valid and binding obligations of Seller, and at the time of Closing will not violate any provision of any agreement or judicial order to which Seller is a party or to which
Seller is subject. 
 7.1.2. Bankruptcy or Debt of Seller. Seller has not made a general assignment for the benefit of
creditors, filed any voluntary petition in bankruptcy, admitted in writing its inability to pay its debts as they come due or made an offer of settlement, extension or composition to its creditors generally. Seller has received no written notice of
(a) the filing of an involuntary petition by Seller’s creditors, (b) the appointment of a receiver to take possession of all, or substantially all, of Seller’s assets, or (c) the attachment or other judicial seizure of all,
or substantially all, of Seller’s assets. 
 7.1.3. Foreign Person. Seller is not a foreign person within the
meaning of Section 1445(f) of the Internal Revenue Code, and Seller agrees to execute any and all documents necessary or required by the Internal Revenue Service or Purchaser in connection with such declaration(s). 

7.1.4. Leases. Copies of the Leases delivered to Purchaser by Seller are true and complete copies of such Leases. There are no
leases, rental agreements or other rights to occupy or conduct business at the Property except under the Leases. 

  
 6 

 7.1.6. Litigation. There are no judgments unsatisfied against Seller or the
Property or orders, consent decrees or injunctions to which the Property is subject or to which Seller is subject that would affect Seller’s ability to convey the Property in accordance with the terms hereof and there is no litigation or
proceeding pending of which Seller has been served with pleadings or has received written notice or which has been threatened in writing against or relating to Seller or the Property. 

7.1.7. Condemnation. Seller has not (i) received any written notice from any governmental authority stating that there are
any pending or contemplated condemnation, eminent domain or annexation proceedings affecting the Property or any part thereof or (ii) engaged in any discussions or negotiations with any governmental authority regarding any such proceedings or
agreements in lieu thereof. 
 7.1.8. Violations of Law. Seller has not received written notice of and is not aware of any
violation of or potential liability under any statute, ordinance, law, rule, regulation or code applicable or alleged to be applicable to the Property which has not been cured. 

7.1.9. Contracts. Copies of the Contracts delivered to Purchaser by Seller are true and complete copies of such Contracts. There
are no service, management, equipment, supply or maintenance contracts related to the Property (a) in Seller’s possession or control, or (b) between Seller and another party other than Purchaser, in either case that have not been
delivered to Purchaser. 
 7.1.10. Personal Property. Seller owns the Personal Property free and clear of any liens or
encumbrances created by, through or under Seller. 
 7.1.11. Betterments. To the best of Seller’s knowledge, there are no
pending betterment assessments, encumbrances, and/or liens affecting the Property. 
 7.1.12. Environmental. Copies of the
documents listed on Schedule 7.1.12 attached hereto (the “Environmental Reports”) delivered to Purchaser by Seller are true and complete copies of such Environmental Reports. The Environmental Reports represent all of the
notices to and from government agencies, studies, sampling reports and other documents related to environmental conditions at or related to the Property in Seller’s possession or control and Seller knows of no other such environmental documents
related to the Property. 
 7.1.13. Purchase Option. No Tenant at the Property has been granted any right of first refusal or
other option to purchase the Property except as may be set forth in the Leases. 
 7.1.14. Covenants and Restrictions. Seller
has received no notice of and, to the best of Seller’s knowledge, the Property is not in violation or breach of any of the covenants, conditions, restrictions or other agreements affecting the Property. 

7.2. Survival. The express representations and warranties made in this Agreement shall not merge into any instrument or
conveyance delivered at the Closing; provided, however, that any action, suit or proceeding with respect to the truth, accuracy or completeness of such 

  
 7 

 
representations and warranties shall be commenced, if at all, on or before the date which is twelve (12) months after the date of the Closing and, if not commenced on or before such date,
thereafter such representations and warranties shall be void and of no force or effect. 
 ARTICLE VIII. 

Representations and Warranties of Purchaser 

8.1. Purchaser represents and warrants to Seller that the following matters are true and correct as of the Effective Date. 

8.1.1 Authority. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the
State of Delaware and is qualified to conduct business in the Commonwealth of Massachusetts. This Agreement has been duly authorized, executed and delivered by Purchaser, is the legal, valid and binding obligation of Purchaser, and does not violate
any provision of any agreement or judicial order to which Purchaser is a party or to which Purchaser is subject. All documents to be executed by Purchaser which are to be delivered at Closing, at the time of Closing will be duly authorized, executed
and delivered by Purchaser, at the time of Closing will be legal, valid and binding obligations of Purchaser, and at the time of Closing will not violate any provision of any agreement or judicial order to which Purchaser is a party or to which
Purchaser is subject. 
 8.1.2. Bankruptcy or Debt of Purchaser. Purchaser has not made a general assignment for the
benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by Purchaser’s creditors, suffered the appointment of a receiver to take possession of all, or substantially all, of
Purchaser’s assets, suffered the attachment or other judicial seizure of all, or substantially all, of Purchaser’s assets, admitted in writing its inability to pay its debts as they come due or made an offer of settlement, extension or
composition to its creditors generally. 
 8.2. Survival. The express representations and warranties made in this Agreement by
Purchaser shall not merge into any instrument of conveyance delivered at the Closing; provided, however, that any action, suit or proceeding with respect to the truth, accuracy or completeness of all such representations and warranties shall be
commenced, if at all, on or before the date which is twelve (12) months after the date of the Closing and, if not commenced on or before such date, thereafter shall be void and of no force or effect. 

ARTICLE IX. 

Seller’s Interim Operating Covenants. 

9.1. Operations. Seller agrees to continue to operate, manage and maintain the Improvements through the Closing Date in the
ordinary course of Seller’s business and substantially in accordance with Seller’s present practice, subject to ordinary wear and tear and further subject to Article XII of this Agreement. 

  
 8 

 9.2. Maintain Insurance. Seller agrees to maintain or cause to be maintained
until the Closing Date general commercial liability and fire and extended coverage insurance on the Property which is at least equivalent in all material respects to the insurance policies covering the Real Property and the Improvements as of the
Effective Date. 
 9.3. Personal Property. Seller agrees not to transfer or remove any Personal Property from the
Improvements after the Effective Date except for repair or replacement thereof. Any items of Personal Property replaced after the Effective Date shall be promptly installed prior to Closing and shall be of substantially similar quality to the item
of Personal Property being replaced. 
 9.4. No Sales. Except for the execution of tenant Leases pursuant to
Section 9.5, Seller agrees that it shall not convey any interest in the Property to any third party. 
 9.5. Tenant
Leases. Seller shall not, from and after the Effective Date, without the prior written approval of Purchaser (which may be withheld in Purchaser’s sole discretion), enter into a new lease, modify an existing Lease or renew, extend
or expand an existing (an “Approved New Lease”). 
 9.6. Contracts. At the direction of Purchaser at any
time from and after the end of the Feasibility Period, Seller will, at Seller’s sole cost and expense, terminate any Contracts as directed by Purchaser, any such terminations to be effective as of the Closing Date. Notwithstanding the
foregoing, Seller shall, at Seller’s sole cost and expense, terminate any management and/or leasing contracts as of the Closing. 

9.7. No Marketing. Seller shall not market the Property to any other party and Seller shall cause Seller’s agents to cease
all marketing of the Property. 
 9.8. Purchaser Approval. Seller shall obtain Purchaser’s prior written consent to any
action which would materially affect the current zoning classification, permitted uses, title, survey, governmental compliance, tax assessments, leasing or any other matter affecting the Property. Seller shall also obtain Purchaser’s prior
written consent to any filings made with any governmental authority regarding the Property’s site planning, zoning, use or any other land use approval. 

ARTICLE X. 
 Closing
Conditions. 
 10.1. Conditions to Obligations of Seller. The obligations of Seller under this Agreement to sell the
Property and consummate the other transactions contemplated hereby shall be subject to the satisfaction of the following conditions on or before the Closing Date except to the extent that any of such conditions may be waived by Seller in writing at
Closing. 
 10.1.1. Representations, Warranties and Covenants of Purchaser. All representations and warranties of
Purchaser in this Agreement shall be true and correct in all material respects as of the Closing Date, with the same force and effect as if such representations 

  
 9 

 
and warranties were made anew as of the Closing Date. Any changes to such representations disclosed by Purchaser pursuant to Section 11.1.6 shall be acceptable to Seller, and
Purchaser shall have performed and complied with all covenants and agreements required by this Agreement to be performed or complied with by Purchaser prior to the Closing Date. 

10.1.2. No Orders. No order, writ, injunction or decree shall have been entered and be in effect by any court of competent
jurisdiction or any governmental authority, and no statute, rule, regulation or other requirement shall have been promulgated or enacted and be in effect, that restrains, enjoins or invalidates the transactions contemplated hereby. 

10.1.3. No Suits. No suit or other proceeding shall be pending or threatened by any third party before any court or
governmental authority seeking to restrain or prohibit or declare illegal, or seeking substantial damages against Seller or any of its affiliates in connection with, the transactions contemplated by this Agreement. 

10.2. Conditions to Obligations of Purchaser. The obligations of Purchaser under this Agreement to purchase the Property
and consummate the other transactions contemplated hereby shall be subject to the satisfaction of the following conditions on or before the Closing Date, except to the extent that any of such conditions may be waived by Purchaser in writing at
Closing. 
 10.2.1. Representations, Warranties and Covenants of Seller. All representations and warranties of Seller in this
Agreement shall be true and correct in all material respects as of the Closing Date, with the same force and effect as if such representations and warranties were made anew as of the Closing Date. Any changes to such representations disclosed by
Seller pursuant to Section 11.2.6 shall be acceptable to Purchaser, and Seller shall have performed and complied in all material respects with all covenants and agreement required by this Agreement to be performed or complied with by
Seller prior to the Closing Date. 
 10.2.2. No Orders. No order, writ, injunction or decree shall have been entered and
be in effect by any court of competent jurisdiction or any governmental authority, and no statute, rule, regulation or other requirement shall have been promulgated or enacted and be in effect, that restrains, enjoins or invalidates the transactions
contemplated hereby. 
 10.2.3. No Suits. No suit or other proceeding shall be pending or threatened by any third party
not affiliated with or acting at the request of Purchaser before any court or governmental authority seeking to restrain or prohibit or declare illegal, or seeking substantial damages against Purchaser in connection with, the transactions
contemplated by this Agreement. 
 10.2.4. Possession. Seller shall deliver exclusive possession of the Property to
Purchaser, subject to the rights of tenants under the Leases. 
 10.2.5. Title. Seller shall convey to Purchaser, good
and clear, insurable, record and marketable fee simple title to the Property, free and clear of all liens and encumbrances other than any Permitted Exceptions. 

  
 10 

 ARTICLE XI. 

Closing 
 11.1.
Purchaser’s Closing Obligations. Purchaser, at its sole cost and expense, shall deliver or cause to be delivered to Seller at Closing the following: 

11.1.1. The Purchase Price, after all adjustments are made at the Closing as herein provided, shall be received in escrow by the Title
Company at or before 10:00 a.m. Eastern time. 
 11.1.2. An assignment of the Leases (the “Assignment of Leases”),
duly executed by Purchaser. 
 11.1.3. A blanket conveyance and bill of sale (the “General Assignment”), duly
executed by Purchaser, conveying and assigning to Purchaser the Personal Property, the Leases, the Contracts and the Intangible Property. 

11.1.4. Evidence reasonably satisfactory to Seller and the Title Company that the person executing the Closing documents on behalf of
Purchaser has full right, power and authority to do so. 
 11.1.5. Intentionally omitted. 

11.1.6. A certificate indicating that the representations and warranties set forth in Section 8.1 are true and correct on
the Closing Date, or, if there have been changes, describing such changes. 
 11.1.7. Such other documents as may be reasonably
necessary or appropriate to effect the consummation of the transactions which are the subject of this Agreement. 
 11.2.
Seller’s Closing Obligations. Seller, at its sole cost and expense, shall deliver or cause to be delivered to Purchaser the following: 

11.2.1. A quitclaim deed (the “Deed”) in recordable form properly executed by Seller conveying to Purchaser the Land
and Improvements described on Exhibit A in fee simple, subject only to the Permitted Exceptions. 
 11.2.2. The Assignment of
the Leases, duly executed by Seller. 
 11.2.3. The General Assignment, duly executed by Seller, conveying and assigning to Purchaser
the Personal Property, the Leases, the Contracts and the Intangible Property. 
 11.2.4. Intentionally omitted. 

  
 11 

 11.2.5. Evidence reasonably satisfactory to Purchaser and the Title Company that the
person executing the Closing documents on behalf of Seller has full right, power and authority to do so. 
 11.2.6. A certificate
indicating that the representations and warranties set forth in Section 7.1 are true and correct on the Closing Date, or, if there have been changes, describing such changes. 

11.2.7. A certificate (the “Non-foreign Entity Certification”) certifying that Seller is not a “foreign
person” as defined in Section 1445 of the Internal Revenue Code of 1986, as amended. 
 11.2.8. Such other documents as may
be reasonably necessary or appropriate to effect the consummation of the transactions which are the subject of this Agreement. 
 ARTICLE
XII. 
 Risk of Loss. 

12.1. Condemnation and Casualty. If, prior to the Closing Date, all or any portion of the Property is taken by condemnation
or eminent domain, or is the subject of a pending taking which has not been consummated, or is destroyed or damaged by fire or other casualty, Seller shall notify Purchaser of such fact promptly after Seller obtains knowledge thereof. If such
condemnation or casualty is “Material” (as hereinafter defined), Purchaser shall have the option to terminate this Agreement upon notice to Seller given not later than fifteen (15) days after receipt of Seller’s notice, or
the Closing Date, whichever is earlier. If this Agreement is terminated, thereafter neither Seller nor Purchaser shall have any further rights or obligations to the other hereunder except with respect to the Surviving Termination Obligations. If
this Agreement is not terminated, Seller shall not be obligated to repair any damage or destruction but (x) Seller shall assign, without recourse, and turn over to Purchaser all of the insurance proceeds or condemnation proceeds, as applicable,
net of any costs of repairs to the extent actually incurred or expended by Seller (or, if such have not been awarded, all of its right, title and interest therein) payable with respect to such fire or other casualty or condemnation including any
rent abatement insurance for such casualty or condemnation and (y) the parties shall proceed to Closing pursuant to the terms hereof without abatement of the Purchase Price except for a credit in the amount of the applicable insurance
deductible. 
 12.2. Condemnation Not Material. If the condemnation is not Material, then the Closing shall occur without
abatement of the Purchase Price and Seller shall assign, without recourse, all remaining awards or any rights to collect awards to Purchaser on the Closing Date. 

12.3. Casualty Not Material. If the casualty is not Material, then the Closing shall occur without abatement of the
Purchase Price except for a credit in the amount of the reasonable estimate of the cost to repair the damage from the casualty (provided, however, that either Seller or Purchaser may extend the date for Closing up to thirty
(30) days in order to resolve any issues as a result of such casualty with such party’s insurer or lender, respectively. 

12.4. Materiality. For purposes of this Article XII, with respect to a taking by eminent domain, the term
“Material” shall mean any taking whatsoever, regardless of the amount of the award or the amount of the Property taken, excluding, however, any taking solely of subsurface rights or takings for utility easements or right of way
easements, if the surface of the Property, after such taking, may be used in substantially the same manner as though such rights had not been taken. For purposes of this Article XII, with respect to a casualty, the term
“Material” shall mean any casualty such that the cost of repair, as reasonably estimated by Seller’s engineer, is in excess of $82,500.00. 

  
 12 

 ARTICLE XIII. 

Default 
 13.1.
Default by Seller. In the event the Closing and the transactions contemplated hereby do not occur as provided herein by reason of the default of Seller, Purchaser may elect to (i) terminate this Agreement and in such event
Seller shall not have any liability whatsoever to Purchaser hereunder other than with respect to the Surviving Termination Obligations or (ii) enforce specific performance of this Agreement and of the obligations of Seller hereunder.
Notwithstanding the foregoing, nothing contained herein shall limit Purchaser’s remedies at law or in equity, as to the Surviving Termination Obligations. 

13.2. Default by Purchaser. In the event the Closing and the transactions contemplated hereby do not occur as provided herein by
reason of any default of Purchaser, Purchaser and Seller agree it would be impractical and extremely difficult to fix the damages which Seller may suffer. Therefore, Purchaser and Seller hereby agree a reasonable estimate of the total net detriment
Seller would suffer in the event Purchaser defaults and fails to complete the purchase of the Property is and shall be, as Seller’s sole and exclusive remedy (whether at law or in equity), a sum equal to $82,500 (the “Liquidated Damages
Sum”). Upon such default by Purchaser, Seller shall have the right to receive the Liquidated Damages Sum from Purchaser as its sole and exclusive remedy and thereupon this Agreement shall be terminated and neither Seller nor Purchaser shall
have any further rights or obligations hereunder except with respect to the Surviving Termination Obligations. The Liquidated Damages Sum shall be the full, agreed and liquidated damages for Purchaser’s default and failure to complete the
purchase of the Property, all other claims to damages or other remedies being hereby expressly waived by Seller. Notwithstanding the foregoing, nothing contained herein shall limit Seller’s remedies at law or in equity as to the Surviving
Termination Obligations. 
 ARTICLE XIV. 

Brokers 
 14.1.
Brokers. Purchaser and Seller each represents and warrants to the other that it has not dealt with any person or entity entitled to a brokerage commission, finder’s fee or other compensation with respect to the transaction
contemplated hereby other than DTZ, whose compensation shall be the sole responsibility of Purchaser, and who shall be paid only upon the Closing of the purchase and sale contemplated hereby pursuant to a separate agreement.

  
 13 

 
Purchaser hereby agrees to indemnify, defend, and hold Seller harmless from and against any losses, damages, costs and expenses (including, but not limited to, attorneys’ fees and costs)
incurred by Seller by reason of any breach or inaccuracy of the Purchaser’s (or its nominee’s) representations and warranties contained in this Section 14.1. Seller hereby agrees to indemnify, defend, and hold Purchaser
harmless from and against any losses, damages, costs and expenses (including, but not limited to, reasonable attorneys’ fees and costs) incurred by Purchaser by reason of any breach or inaccuracy of Seller’s representations and warranties
contained in this Section 14.1. Seller and Purchaser agree that it is their specific intent that no broker shall be a party to or a third party beneficiary of this Agreement, that no broker shall have any rights or cause of action
hereunder, and further that the consent of a broker shall not be necessary to any agreement, amendment, or document with respect to the transaction contemplated by this Agreement. The provisions of this Section 14.1 shall survive the
Closing and/or termination of this Agreement. 
 ARTICLE XV. 

Confidentiality 
 15.1.
Confidentiality. Each of Purchaser and Seller expressly acknowledges and agrees that the transactions contemplated by this Agreement, the Documents that are not otherwise known by or readily available to the public and the terms,
conditions and negotiations concerning the same shall be held in the strictest confidence by Purchaser and Seller, respectively, and shall not be disclosed except (i) to each party’s respective legal counsel, lender, surveyor, title
company, broker, accountants, consultants, officers, employees, partners, directors and shareholders, as applicable (the “Authorized Representatives”), (ii) to the extent such disclosure may be required by any law, order,
subpoena, rule, regulation or securities exchange requirement, and (iii) to the extent that such disclosure may be necessary for its performance hereunder. Each of Purchaser and Seller agrees that it shall instruct each of its Authorized
Representatives to maintain the confidentiality of such information in accordance with this paragraph. The provisions of this Section 15.1 shall survive any termination of this Agreement. 

ARTICLE XVI. 

Miscellaneous 
 16.1.
Notices. Any and all notices, requests, demands or other communications hereunder shall be deemed to have been duly given if in writing and if transmitted by hand delivery with receipt therefor, by email delivery (with notice
simultaneously sent by one of the other permitted means), by overnight courier, or by registered or certified mail, return receipt requested, first class postage prepaid addressed as follows (or to such new address as the addressee of such a
communication may have notified the sender thereof). All such notices shall be deemed to have been served on the date of actual receipt or rejection thereof (in the case of hand delivery), or on the date such notice shall have been sent by email or
deposited with a reputable overnight courier, or three (3) business days after such notice shall have been deposited in the United States mails within the continental United States (in the case of mailing by registered or certified mail as
aforesaid). 

  
 14 

			
	To Purchaser:		M/A-COM Technology Solutions Inc.
			100 Chelmsford Street
			Lowell, MA 01851
			Attn: Clay Simpson, VP and General Counsel
			E-mail: clay.simpson@macom.com
		
	With a copy to:		Langer & McLaughlin, LLP
			535 Boylston Street, 3rd Floor
			Boston, MA 02116
			Attn: Doug McLaughlin
			E-mail: mclaughlin@relawboston.com
		
	To Seller:		Cobham Properties, Inc.
			10 Cobham Drive
			Orchard Park, New York 14127
			Attn: Betty J. Bible, Treasurer
			E-mail: Betty.Bible@Cobham.com
		
	With a copy to:		Jaeckle Fleischmann & Mugel, LLP
			200 Delaware Avenue, Suite 900
			Buffalo, New York 14202
			Attn: Michael A. Piette, Esq.
			E-mail: mpiette@jaeckle.com

 16.2. Governing Law. This Agreement shall be governed by and construed in accordance with
the internal, substantive laws of the Commonwealth of Massachusetts, without regard to the conflict of laws principles thereof. 
 16.3.
Headings. The captions and headings herein are for convenience and reference only and in no way define or limit the scope or content of this Agreement or in any way affect its provisions. 

16.4. Effective Date. This Agreement shall be effective upon delivery of this Agreement fully executed by the Seller and
Purchaser, which date shall be deemed the Effective Date hereof. Either party may request that the other party promptly execute a memorandum specifying the Effective Date. 

16.5. Business Days. If any date herein set forth for the performance of any obligations of Seller or Purchaser or for the
delivery of any instrument or notice as herein provided should be on a Saturday, Sunday or legal holiday, the compliance with such obligations or delivery shall be deemed acceptable on the next business day following such Saturday, Sunday or legal
holiday. As used herein, the term “legal holiday” means any state or Federal holiday for which financial institutions or post offices are generally closed in the state where the Property is located. 

  
 15 

 16.6. Counterpart Copies. This Agreement may be executed in two or more
counterpart copies, all of which counterparts shall have the same force and effect as if all parties hereto had executed a single copy of this Agreement. The parties acknowledge and agree that this Agreement may be executed via .pdf format
(including computer-scanned or other electronic reproduction of the actual signatures) and that delivery of a signature by electronic or physical means shall be effective to the same extent as delivery of an original signature. Notwithstanding
the foregoing, originally signed documents shall be provided upon either party’s request. 
 16.7. Binding
Effect. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective legal representatives, heirs, successors and assigns. 

16.8. Intentionally Omitted. 

16.9. Interpretation. This Agreement shall not be construed more strictly against one party than against the other merely
by virtue of the fact that it may have been prepared by counsel for one of the parties, it being recognized that both Seller and Purchaser have contributed substantially and materially to the preparation of this Agreement. 

16.10. Entire Agreement. This Agreement and the Exhibits attached hereto contain the final and entire agreement between the
parties hereto with respect to the sale and purchase of the Property contemplated hereby, and are intended to be an integration of all prior negotiations and understandings between the parties hereto concerning the sale and purchase of the Property
contemplated hereby. Neither party hereto shall be bound by any terms, conditions, statements, warranties or representations made by such party hereto to the other party hereto during the negotiation of this Agreement, whether oral or written,
except to the extent they are set forth in writing herein. No change or modifications to this Agreement shall be valid unless the same is in writing and signed by the parties hereto. Each party reserves the right to waive any of the terms or
conditions of this Agreement which are for their respective benefit and to consummate the transaction contemplated by this Agreement in accordance with the terms and conditions of this Agreement which have not been so waived. Any such waiver must be
in writing signed by the party for whose benefit the provision is being waived. 
 16.11. Severability. If any one or
more of the provisions hereof shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as
if such invalid, illegal or unenforceable provision had never been contained herein. 
 16.12. Survival. Except as
otherwise specifically provided for in Sections 4.2, 7.2, 8.2, 13.1, 13.2, 14.1, 15.1 and 16.16 (collectively, the “Surviving Termination Obligations”), the provisions of this
Agreement and the representations and warranties herein shall not survive after the conveyance of title and payment of the Purchase Price but be merged therein. 

16.13. Exhibits and Schedules. Exhibits A and B and Schedules 1.12, 1.1.4, 1.1.5,
4.2.6 and 7.1.12 attached hereto are incorporated herein by reference. 

  
 16 

 16.14. Time. Time is of the essence in the performance of each of the
parties’ respective obligations contained herein. 
 16.15. Waiver of Trial by Jury. The respective parties hereto
shall and hereby do waive trial by jury in any action, proceeding or counterclaim brought by either of the parties hereto against the other on any matters whatsoever arising out of or in any way connected with this Agreement, or for the enforcement
of any remedy under any statute, emergency or otherwise. 
 16.16. Prevailing Party. Should either party employ an
attorney to enforce any of the provisions hereof (whether before or after Closing, and including any claims or actions involving amounts held in escrow), the non-prevailing party in any final judgment agrees to pay the other party’s reasonable
expenses, including reasonable attorneys’ fees and expenses in or out of litigation and, if in litigation, trial, appellate, bankruptcy or other proceedings, expended or incurred in connection therewith, as determined by a court of competent
jurisdiction. The provisions of this Section 16.16 shall survive Closing and/or any termination of this Agreement. 
 16.17.
Real Estate Reporting Person. Title Company is hereby designated the “real estate reporting person” for purposes of Section 6045 of Title 26 of the United States Code and Treasury Regulation 1.6045-4 and any
instructions or settlement statement prepared by Title Company shall so provide. Upon the consummation of the transaction contemplated by this Agreement, Title Company shall file Form 1099 information return and send the statement to Seller as
required under the aforementioned statute and regulation. Seller and Purchaser shall promptly furnish their federal tax identification numbers to Title Company and shall otherwise reasonably cooperate with Title Company in connection with Title
Company’s duties as real estate reporting person. 
 16.18. No Recording. Neither this Agreement nor any memorandum
or short form hereof shall be recorded or filed in any public land or other public records of any jurisdiction, by either party and any attempt to do so may be treated by the other party as a breach of this Agreement. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 17 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement under seal on the date
or dates set forth below. 
  

			
	SELLER:
	
	COBHAM PROPERTIES, INC.
		
	By:		 /s/ Betty J. Bible

	Name:		Betty J. Bible
	Its:		Treasurer
	
	PURCHASER:
	
	M/A-COM TECHNOLOGY SOLUTIONS INC.
		
	By:		 /s/ Robert J. McMullan

	Name:		Robert J. McMullan
	Its:		Senior Vice President and Chief Financial Officer

  
 18 

 LIST OF EXHIBITS AND SCHEDULES 

EXHIBITS 
  

			
	Exhibit A -		Legal Description of property
	Exhibit B -		Due Diligence Documents

 SCHEDULES 
  

			
	Schedule 1.1.2 -		Leases and Security Deposits
	Schedule 1.1.4 -		Personal Property
	Schedule 1.1.5 -		Contracts
	Schedule 6.1 -		Excerpt of Policy of Title Insurance
	Schedule 7.1.12 -		Environmental Reports

  
 19 

 EXHIBIT A 

Legal Description of Property 
 The land
situated on Chelmsford Street, in Lowell Middlesex County, Massachusetts, shown as Lots I-1B-4 and I-1B-5 on a plan entitled “Compiled Disposition Map of Lots I-1B-3, I-1B-4 & I-1B-5 in Lowell, Mass., Hale Howard Urban Renewal Area, Project
No. Mass. R-130” dated March 30, 1977, by Dana F. Perkins & Sons, Inc. Civil Engineers & Surveyors”, recorded with Middlesex North District Deeds in Plan Book 124, Plan 46, bounded and described as follows: 

 

			
	Northeasterly		by land now or formerly of the Boston & Maine Railroad Corp., as shown on said plan, by three bounds totaling 649.97 feet;
		
	Southeasterly		by said land of Boston & Maine Railroad Corp., as shown on said plan, 27.97 feet;
		
	Northeasterly		again, by said land of Boston & Mane Railroad Corp., as shown on said plan, 265.16 feet;
		
	Southeasterly		again, by Lot I-1B-3, as shown on said plan, 412.45 feet;
		
	Southeasterly		again, by said Lot I-1B-3, as shown on said plan, 277.71 feet;
		
	Southwesterly		by Lot I-1A, as shown on said plan, 300 feet;
		
	Northwesterly		by Chelmsford Street, 270 feet; and
		
	Northwesterly		again, by said Chelmsford Street by three courses totaling 1,042.23 feet;

 [the remainder of this page intentionally blank] 

  
 A - 1 

 Comprised in part by three parcels of registered land; namely, 

Registered Parcel 1: 
 A certain parcel of land situated
in said Lowell, bounded and described as follows: 
  

			
	Northeasterly		by Howard Street, fifty-two (52) feet;
		
	Southeasterly		by land now or formerly of David Ziskind, one hundred twelve (112) feet;
		
	Southwesterly		by land now or formerly of Charles E. Jameson, fifty-two and 1/100 (52.01) feet; and
		
	Northwesterly		by land now or formerly of Israel Levin, one hundred thirteen and 28/100 (113.28) feet.

 All of said boundaries of said Registered Parcel 1 are determined by the Land Court to be located as shown on Plan 5672-A
entitled “Plan of Land in Lowell” drawn by Smith and Brooks, Civil Engineers, dated October 15, 1915, as approved by the Court, filed in the Land Registration Office, a copy of a portion of which is filed with Certificate of Title
No. 951 issued by Middlesex North Registry District of the Land Court. 
  

			
	Registered Parcel 2:		Specifically omitted
		
	Registered Parcel 3:		

 A certain parcel of land situated in said Lowell, bounded and described as follows: 

 

			
	Northwesterly		by land now or formerly of Minnie Bernstein and Mary F. Hardy, forty-six and 68/100 (46.68) feet;
		
	Southeasterly		by Lot 5, twenty-five and 07/100 (25.07) feet;
		
	Southwesterly		by Lot 6, thirty-three and 94/100 (33.94) feet.

 All of said boundaries of said Registered Parcel 3 are determined by the Land Court to be located and shown on Subdivision
Plan 6039-B entitled “Subdivision Plan of Land in Lowell” drawn by Dana F. Perkins & Sons, Inc., Surveyors, dated December 22, 1976, as approved by the Court, filed in the Land Registration Office, a copy of a portion of
which is filed with Certificate of Title No. 21963 issued by said Registry District, and said Registered Parcel 3 is shown as Lot 7 on said Plan. 

  
 A - 2 

 Excepting and excluding from the foregoing the following: 

So much of the premises as lies within former Railroad Street as the same is now or formerly owned by Boston and Maine Corporation as set forth
in Deed from the Trustees of Boston and Maine Railroad Corporation to City Development Authority dated January 5, 1977, recorded with said Deeds, Book 2242, Page 527. 

Said land being the land conveyed to Lowell Investors Associates Limited Partnership by deed of M/A Com, Inc., dated as of May 15, 1984,
recorded with said Deed in Book 2755, Page 3. (For title to said registered parcels, referenced is also made to Certificate of Title No. 25036 issued by said Registry District). 

  
 A - 3 

 EXHIBIT B 

Due Diligence Documents 

To the extent such items are in Seller’s possession or control, Seller shall deliver to Purchaser true, correct and complete copies of
the following items related to the Property: 
  

	 	•	 	All management, maintenance, service and other contracts; 

  

	 	•	 	All leases, rental agreements and other rights to occupy, and other occupancy agreements, and any other agreements conveying an interest in or right to use the Property; 

 

	 	•	 	Current title insurance policy (together with any title exception documents and any other relevant deeds, easements, encumbrances, use restrictions and plats) and survey; 

 

	 	•	 	All plans, surveys and drawings (including, without limitation, site plans, floor plans, surveys, plot plans, as-built plans, structural reports, and architectural and engineering drawings); 

 

	 	•	 	All studies regarding the condition of the land, including, without limitation, environmental studies; and 

  

	 	•	 	Any other information regarding the Property that the Purchaser reasonably deems pertinent. 

 SCHEDULE 1.1.2 

Leases 
 That certain
Lease Agreement dated as of October 4, 2012, by and between Seller, as lessor, and Purchaser, as lessee. 
 Security Deposits

 None. 

 SCHEDULE 1.1.4 

Personal Property 
 NONE

 SCHEDULE 1.1.5 

Contracts 
 NONE 

 SCHEDULE 6.1 

Excerpt of Policy of Title Insurance 
  

			
	Issued By:		
		
	 CHICAGO TITLE INSURANCE COMPANY
		Schedule B

  

					
	 OWNER’S POLICY OF TITLE INSURANCE
 ALTA
OWNER’S (10-17-92)
		No:		2651-25146

  

	
	 This Policy does not insure against loss or damage (and the Company will not pay costs, legal fees, or expenses) which arise by reason of the following
items, and the mortgage, if any referred to in Item 4 of Schedule A.

  

					
	X		1.		Real estate taxes are paid through September 30, 2008. Subsequent real estate taxes are a lien not yet due or payable.
			
	I		2.		Any facts that would be disclosed by an accurate survey or inspection of the land.
			
	J		3.		The exact acreage or square footage being other than as stated in the description sheet annexed or the plan(s) therein referred to.
			
	K		4.		Taking by City of Lowell for street and highway purposes within Chelmsford Street and Westford Street dated May 20, 1970, recorded in Book 1922, Page 281 and filed as Document No. 54519.
			
	L		5.		Terms and Provisions of Urban Renewal Plan for Hale Howard Streets Area Project No. Mass. R-130 prepared by City Development Authority dated June, 1970, as amended February 16,1973, filed with the City Clerk of the City of Lowell;
as affected by Certificate of Compliance by City of Lowell recorded in Book 2586, Page 441, and filed as Document No. 95998.
			
	M		6.		Grant of Easement from The City Development Authority to Massachusetts Electric Company dated March 24, 1977, recorded in Book 2241, Page 309; as affected by Easement among Allu Realty Corp., Lowell Division of Colonial Gas
Company and Massachusetts Electric Company dated July 19, 1982 recorded in Book 2547, Page 94.
			
	N		7.		Easements, conditions and restrictions set forth or referred to in a deed from City Development Authority to the City of Lowell dated October 2, 1978, recorded in Book 2332, Page 534 and filed as Document No. 76121.
			
	O		8.		Easements, conditions or restrictions set forth or referred to in a Deed from the City of Lowell to Wang Laboratories, Inc. dated December 31, 1980, recorded in Book 2459, Page 212 and filed as Document No. 81413.
			
	P		9.		Easements, conditions or restrictions set forth or referred to in a deed from Wang Laboratories, Inc. to M/A - Com, Inc., dated January 26, 1983 recorded in Book 2586, Page 450 and filed as Document No. 96003.
			
	Q		10.		 Access and License Agreement between AMP Incorporated, M/A - Com, Division and L’Energia Limited Partnership dated November 17,
1997, recorded in Book 8910, Page 285; as affected by:
  
 a) Access and License Agreement
dated November 17, 1997, recorded in Book 9034, Page 184, and filed as Document No. 173809.
  

b.) Amendment Agreement with UAE Lowell Power, LLC as transferee of L’Energia Limited Partnership dated February 25, 1999, recorded in Book 10461,
Page 68.
  
 NOTE: The Amendment was not registered with the Land Court.

			
	R		11.		Terms and provisions forth in deed from the Trustees of Boston and Maine Railroad Corporation to City Development Authority dated January 5, 1977, recorded in Book 2242, Page 527.
			
	W		12.		Notice of Activity and Use Limitation and recorded in Book 21997, Page 35.

  
 Page B - 1 

 SCHEDULE 7.1.12 

Environmental Reports 
  

	1.	Phase I Environmental Site Assessment by EBI Consulting dated August 1, 2007, EBI Project No. 21070014 

  

	2.	Class A Off-Site Recycling Presumptive Approval Permit 

  

	3.	BWP 1W 38 & BWP 1W 39 – Permit for Industrial Sewer Use – B10 Walker Building 

  

	4.	Transmittal Form and Permit Application for Payment – B11 Walker Building 

  

	5.	Class B4 Recycling Permit – B12 Walker Building 

  

	6.	Certificate of Accelerator Registration dated 12/18/2007 – B13 Walker Building 

  

	7.	Registration dated 07/17/07 – B9 Walker Building 

  

	8.	Hazardous Waste Generation Summary (01/01/06 to 08/31/07) 

  

	9.	6.03IT – Chelmsford Street Panels 

  

	10.	6.05 EHS – Audit Report – Walker Building 

  

	11.	Notice of Activity and Use Limitation 

  

	12.	EPCRA Section 313 TRI Submission Certification 

  

	13.	M/A-COM Semi-Annual Report of Facility Wide Emission for 2006 

  

	14.	Wastewater Analyses – Industrial Sewer User Self-Monitoring Report Summary Sheet – June, July and August 2006 

  

	15.	Wastewater Analyses – Industrial Sewer User Self-Monitoring Report Summary Sheet – June, July and August 2007 

  

	16.	Wastewater Analyses – Industrial Sewer User Self-Monitoring Report Summary Sheet – December 2006, January and February 2007 

 

	17.	Wastewater Analyses – Industrial Sewer User Self-Monitoring Report Summary Sheet – March, April and May 2007 

  

	18.	Wastewater Analyses – Industrial Sewer User Self-Monitoring Report Summary Sheet – September, October and November 2006 

 

	19.	Samples Results Report dated 09/13/2007 

  

	20.	Limited Subsurface Investigation Summary Letter Report dated 10/02/2007 

  

	21.	Affid. re AUL 

  

	22.	2010 MA DEP Walker Bldg. AUL Audit Findings 

  

	23.	Recorded AUL, recorded 03/06/2008 Book 21997 Page 35 

  

	24.	E-mail from James Streater of ERM Consultants summarizing preliminary findings of ERM review of data room materials regarding environmental compliance and soil and ground water dated March 14, 2008 (limited to the
Walker Bldg. location).

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