Document:

Credit Agreement

 EXHIBIT 10.2 
 EXECUTION VERSION 
  
  
  
 CREDIT AGREEMENT 
 by and among 
 CRYOLIFE, INC. 

 and 
 EACH OF ITS
SUBSIDIARIES THAT ARE SIGNATORIES HERETO 
 as Borrowers, 
 and 
 WELLS FARGO FOOTHILL, INC. 
 as Lender 
 Dated as of
February 8, 2005 
  
  
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page
	1.	 	DEFINITIONS AND CONSTRUCTION	  	1
				
		 	 1.1
	  	Definitions	  	1
				
		 	 1.2
	  	Accounting Terms	  	1
				
		 	 1.3
	  	Code	  	1
				
		 	 1.4
	  	Construction	  	1
				
		 	 1.5
	  	Schedules and Exhibits	  	1
			
	 2.
	 	LOAN AND TERMS OF PAYMENT	  	2
				
		 	 2.1
	  	Revolver Advances	  	2
				
		 	 2.3
	  	Borrowing Procedures and Settlements	  	2
				
		 	 2.4
	  	Payments	  	2
				
		 	 2.5
	  	Overadvances	  	4
				
		 	 2.6
	  	Interest Rates and Letter of Credit Fee: Rates, Payments, and Calculations	  	4
				
		 	 2.7
	  	Cash Management	  	5
				
		 	 2.8
	  	Crediting Payments; Clearance Charge	  	6
				
		 	 2.9
	  	Designated Account	  	6
				
		 	 2.10
	  	Maintenance of Loan Account; Statements of Obligations	  	7
				
		 	 2.11
	  	Fees	  	7
				
		 	 2.12
	  	Letters of Credit	  	7
				
		 	 2.13
	  	Intentionally Omitted	  	9
				
		 	 2.14
	  	Capital Requirements	  	9
				
		 	 2.15
	  	Joint and Several Liability of Borrowers	  	9
			
	 3.
	 	CONDITIONS; TERM OF AGREEMENT	  	11
				
		 	 3.1
	  	Conditions Precedent to the Initial Extension of Credit	  	11
				
		 	 3.2
	  	Conditions Precedent to all Extensions of Credit	  	11
				
		 	 3.3
	  	Term	  	12
				
		 	 3.4
	  	Effect of Termination	  	12
				
		 	 3.5
	  	Early Termination by Borrowers	  	12
			
	 4.
	 	REPRESENTATIONS AND WARRANTIES	  	12
				
		 	 4.1
	  	No Encumbrances	  	12
				
		 	 4.2
	  	Intentionally Omitted	  	12
				
		 	 4.3
	  	Intentionally Omitted	  	13
				
		 	 4.4
	  	Equipment	  	13
				
		 	 4.5
	  	Location of Inventory and Equipment	  	13

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	 	 	  	 	  	Page
		 	4.6	  	Inventory Records	  	13
				
		 	 4.7
	  	State of Incorporation; Location of Chief Executive Office; Organizational Identification Number; Commercial Tort Claims	  	13
				
		 	 4.8
	  	Due Organization and Qualification; Subsidiaries	  	13
				
		 	 4.9
	  	Due Authorization; No Conflict	  	14
				
		 	 4.10
	  	Litigation	  	15
				
		 	 4.11
	  	No Material Adverse Change	  	15
				
		 	 4.12
	  	Fraudulent Transfer	  	15
				
		 	 4.13
	  	Employee Benefits	  	15
				
		 	 4.14
	  	Environmental Condition	  	15
				
		 	 4.15
	  	Intellectual Property	  	15
				
		 	 4.16
	  	Leases	  	16
				
		 	 4.17
	  	Deposit Accounts and Securities Accounts	  	16
				
		 	 4.18
	  	Complete Disclosure	  	16
				
		 	 4.19
	  	Indebtedness	  	16
			
	 5.
	 	AFFIRMATIVE COVENANTS	  	16
				
		 	 5.1
	  	Accounting System	  	16
				
		 	 5.2
	  	Collateral Reporting	  	16
				
		 	 5.3
	  	Financial Statements, Reports, Certificates	  	16
				
		 	 5.4
	  	Intentionally Omitted	  	16
				
		 	 5.5
	  	Inspection	  	17
				
		 	 5.6
	  	Maintenance of Properties	  	17
				
		 	 5.7
	  	Taxes	  	17
				
		 	 5.8
	  	Insurance; Litigation Settlement	  	17
				
		 	 5.9
	  	Location of Inventory and Equipment	  	18
				
		 	 5.10
	  	Compliance with Laws	  	18
				
		 	 5.11
	  	Leases	  	18
				
		 	 5.12
	  	Existence	  	18
				
		 	 5.13
	  	Environmental	  	18
				
		 	 5.14
	  	Disclosure Updates	  	19
				
		 	 5.16
	  	Formation of Subsidiaries	  	19
			
	 6.
	 	NEGATIVE COVENANTS	  	19
				
		 	 6.1
	  	Indebtedness	  	19
				
		 	 6.2
	  	Liens	  	20

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	 	 	  	 	  	Page
		 	6.3	  	Restrictions on Fundamental Changes	  	20
				
		 	 6.4
	  	Disposal of Assets	  	21
				
		 	 6.5
	  	Change Name	  	21
				
		 	 6.6
	  	Nature of Business	  	21
				
		 	 6.7
	  	Prepayments and Amendments	  	21
				
		 	 6.8
	  	Change of Control	  	21
				
		 	 6.9
	  	Consignments	  	21
				
		 	 6.10
	  	Distributions	  	21
				
		 	 6.11
	  	Accounting Methods	  	21
				
		 	 6.12
	  	Investments	  	22
				
		 	 6.13
	  	Transactions with Affiliates	  	22
				
		 	 6.14
	  	Use of Proceeds	  	22
				
		 	 6.15
	  	Inventory and Equipment with Bailees	  	22
				
		 	 6.16
	  	Financial Covenants	  	22
			
	 7.
	 	EVENTS OF DEFAULT	  	23
			
	 8.
	 	LENDER’S RIGHTS AND REMEDIES	  	25
				
		 	 8.1
	  	Rights and Remedies	  	25
				
		 	 8.2
	  	Remedies Cumulative	  	25
				
		 	 8.3
	  	Bank Product Providers	  	25
			
	 9.
	 	TAXES AND EXPENSES	  	25
			
	 10.
	 	WAIVERS; INDEMNIFICATION	  	26
				
		 	 10.1
	  	Demand; Protest; etc.	  	26
				
		 	 10.2
	  	Lender’s Liability for Borrower Collateral	  	26
				
		 	 10.3
	  	Indemnification	  	26
			
	 11.
	 	NOTICES	  	26
			
	 12.
	 	CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER	  	27
			
	 13.
	 	ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS	  	28
				
		 	 13.1
	  	Assignments and Participations	  	28
				
		 	 13.2
	  	Successors	  	30
			
	 14.
	 	AMENDMENTS; WAIVERS	  	30
				
		 	 14.1
	  	Amendments and Waivers	  	30
				
		 	 14.2
	  	No Waivers; Cumulative Remedies	  	30
			
	 15.
	 	GENERAL PROVISIONS	  	30

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	 	 	  	 	  	Page
		 	15.1	  	Effectiveness	  	30
				
		 	 15.2
	  	Section Headings	  	30
				
		 	 15.3
	  	Interpretation	  	30
				
		 	 15.4
	  	Severability of Provisions	  	30
				
		 	 15.5
	  	Withholding Taxes	  	31
				
		 	 15.6
	  	Counterparts; Electronic Execution	  	31
				
		 	 15.7
	  	Revival and Reinstatement of Obligations	  	31
				
		 	 15.8
	  	Confidentiality	  	31
				
		 	 15.9
	  	Integration	  	32
				
		 	 15.10
	  	Parent as Agent for Borrowers	  	32

  

 -iv- 

 EXHIBITS AND SCHEDULES 
  

			
	 Exhibit A-1
	  	Form of Assignment and Acceptance
	 Exhibit C-1
	  	Form of Compliance Certificate
		
	 Schedule 1.1
	  	Definitions
	 Schedule 2.7(a)
	  	Cash Management Banks
	 Schedule 3.1
	  	Conditions Precedent
	 Schedule 4.5
	  	Locations of Inventory and Equipment
	 Schedule 4.7(a)
	  	States of Organization
	 Schedule 4.7(b)
	  	Chief Executive Offices
	 Schedule 4.7(c)
	  	Organizational Identification Numbers
	 Schedule 4.7(d)
	  	Commercial Tort Claims
	 Schedule 4.8(b)
	  	Capitalization of Borrowers
	 Schedule 4.8(c)
	  	Capitalization of Borrowers’ Subsidiaries
	 Schedule 4.10
	  	Litigation
	 Schedule 4.14
	  	Environmental Matters
	 Schedule 4.15
	  	Intellectual Property
	 Schedule 4.19
	  	Permitted Indebtedness
	 Schedule 5.2
	  	Collateral Reporting
	 Schedule 5.3
	  	Financial Statements, Reports, Certificates
	 Schedule 6.7
	  	Capitalized Lease Obligations to be Prepaid on Closing Date
	 Schedule D-1
	  	Designated Account
	 Schedule L-1
	  	Lender’s Account
	 Schedule P-1
	  	Permitted Cash Investments
	 Schedule P-2
	  	Permitted Liens

  

 -v- 

 CREDIT AGREEMENT 
 THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of February 8, 2005, by and among, on the one hand, WELLS FARGO FOOTHILL, INC., a California corporation
(“Lender”), and, on the other hand, CRYOLIFE, INC., a Florida corporation (“Parent”), and each of Parent’s Subsidiaries identified on the signature pages hereof (such Subsidiaries, together with Parent, are
referred to hereinafter each individually as a “Borrower”, and individually and collectively, jointly and severally, as the “Borrowers”). 
 The parties agree as follows: 
  

	1.	DEFINITIONS AND CONSTRUCTION. 

 1.1
Definitions. Capitalized terms used in this Agreement shall have the meanings specified therefor on Schedule 1.1. 
 1.2
Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. When used herein, the term “financial statements” shall include the notes and schedules thereto. Whenever the
term “Borrowers” or the term “Parent” is used in respect of a financial covenant or a related definition, it shall be understood to mean Parent and its Subsidiaries on a consolidated basis unless the context clearly requires
otherwise. 
 1.3 Code. Any terms used in this Agreement that are defined in the Code shall be construed and defined as set
forth in the Code unless otherwise defined herein, provided, however, that to the extent that the Code is used to define any term herein and such term is defined differently in different Articles of the Code, the definition of such
term contained in Article 9 shall govern. 
 1.4 Construction. Unless the context of this Agreement or any other Loan Document
clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where
otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan Document
refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Loan Document, as the case may be. Section, subsection, clause, schedule, and exhibit references
herein are to this Agreement unless otherwise specified. Any reference in this Agreement or in the other Loan Documents to any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications,
renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders,
and supplements set forth herein). Any Event of Default shall “exist,” “continue” or be “continuing” until such Event of Default has been waived in writing in accordance with Section 14.1. Any reference
herein to the satisfaction or repayment in full of the Obligations shall mean the repayment in full in cash (or cash collateralization in accordance with the terms hereof) of all Obligations other than contingent indemnification Obligations and
other than any Bank Product Obligations that, at such time, are allowed by the applicable Bank Product Provider to remain outstanding and are not required to be repaid or cash collateralized pursuant to the provisions of this Agreement. Any
reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing contained herein or in the other Loan Documents shall be satisfied by the transmission of a Record and any Record
transmitted shall constitute a representation and warranty as to the accuracy and completeness of the information contained therein. 
 1.5
Schedules and Exhibits. All of the schedules and exhibits attached to this Agreement shall be deemed incorporated herein by reference. 

	2.	LOAN AND TERMS OF PAYMENT. 

 2.1
Revolver Advances. 
 (a) Subject to the terms and conditions of this Agreement, and during the term of this
Agreement, Lender agrees to make advances (“Advances”) to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit
Usage, or (ii) the Borrowing Base less the Letter of Credit Usage. 
 (b) Anything to the contrary in this
Section 2.1 notwithstanding, Lender shall have the right to establish reserves in such amounts, and with respect to such matters, as Lender in its Permitted Discretion shall deem necessary or appropriate, against the Borrowing Base,
including reserves (i) with respect to (A) sums that Borrowers are required to pay by any Section of this Agreement or any other Loan Document (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or
other amounts payable under such leases) and have failed to pay, and (B) amounts owing by Borrowers or their Subsidiaries to any Person to the extent secured by a Lien on, or trust over, any of the Collateral (other than a Permitted Lien),
which Lien or trust, in the Permitted Discretion of Lender likely would have a priority superior to the Lender’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or
Liens or trusts for ad valorem, excise, sales, or other taxes where given priority under applicable law) in and to such item of the Collateral, and (ii) after the occurrence and during the continuance of an Event of Default, with respect
to such other matters as Lender in its Permitted Discretion shall deem necessary or appropriate. In addition to the foregoing, Lender shall have the right to have the Borrower’s business reappraised by a qualified appraisal company selected by
Lender from time to time after the occurrence of a Default or Event of Default for the purpose of redetermining the Enterprise Valuation and, as a result, redetermining the Borrowing Base. 
 (c) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement,
reborrowed at any time during the term of this Agreement. 
 2.2 Intentionally omitted. 
 2.3 Borrowing Procedures and Settlements. 
 (a) Procedure for Borrowing. Each Borrowing shall be made by an irrevocable written request by an Authorized Person delivered to
Lender. Such notice must be received by Lender no later than 10:00 a.m. (California time) on the Business Day that is the requested Funding Date specifying (i) the amount of such Borrowing, and (ii) the requested Funding Date, which shall
be a Business Day. At Lender’s election, in lieu of delivering the above-described written request, any Authorized Person may give Lender telephonic notice of such request by the required time. In such circumstances, Borrowers agree that any
such telephonic notice will be confirmed in writing within 24 hours of the giving of such telephonic notice, but the failure to provide such written confirmation shall not affect the validity of the request. 
 (b) Making of Advances. If Lender has received a timely request for a Borrowing in accordance with the provisions hereof, and
subject to the satisfaction of the applicable terms and conditions set forth herein, Lender shall make the proceeds of such Advance available to Borrowers on the applicable Funding Date by transferring available funds equal to such proceeds to
Administrative Borrower’s Designated Account. 
 2.4 Payments. 
 (a) Payments by Borrowers. Except as otherwise expressly provided herein, all payments by Borrowers shall be made to Lender’s
Account for the account of Lender and shall be made in immediately available funds, no later than 11:00 a.m. (California time) on the date specified herein. Any 

  

 2 

 
payment received by Lender later than 11:00 a.m. (California time), shall be deemed to have been received on the following Business Day and any applicable
interest or fee shall continue to accrue until such following Business Day. 
 (b) Apportionment and Application.

 (i) All payments shall be remitted to Lender and all such payments, and all proceeds of Collateral received by Lender,
shall be applied as follows: 
 (A) first, to pay any Lender Expenses then due to Lender under the Loan Documents,
until paid in full, 
 (B) second, to pay any fees or premiums then due to Lender under the Loan Documents until paid
in full, 
 (C) third, to pay interest due in respect of Advances until paid in full, 
 (D) fourth, so long as no Event of Default has occurred and is continuing, and at Lender’s election, to pay amounts then due
and owing by Administrative Borrower or its Subsidiaries in respect of Bank Products, until paid in full, 
 (E)
fifth, so long as no Event of Default has occurred and is continuing, to pay the principal of all Advances until paid in full, 
 (F) sixth, if an Event of Default has occurred and is continuing, ratably (i) to pay the principal of all Advances until paid in full, (ii) to Lender, to be held by Lender as cash collateral in an
amount up to 105% of the Letter of Credit Usage until paid in full, and (iii) to Lender, to be held by Lender, for the benefit of the Bank Product Providers, as cash collateral in an amount up to the amount of the Bank Product Reserve
established prior to the occurrence of, and not in contemplation of, the subject Event of Default until Borrowers’ and their Subsidiaries’ obligations in respect of Bank Products have been paid in full or the cash collateral amount has
been exhausted, 
 (G) seventh, if an Event of Default has occurred and is continuing, to pay any other Obligations
(including the provision of amounts to Lender, to be held by Lender, for the benefit of the Bank Product Providers, as cash collateral in an amount up to the amount determined by Lender in its Permitted Discretion as the amount necessary to secure
Borrowers’ and its Subsidiaries’ obligations in respect of Bank Products), and 
 (H) eighth, to Borrowers
(to be wired to the Designated Account) or such other Person entitled thereto under applicable law; provided, however, that any such amount remitted to Borrowers from a Lender Deposit Account shall be limited to the amount of collected funds in such
account (after payment of the amounts described in items (A) through (G) above) in excess of $10,000 (which $10,000 amount shall be held in such account as cash collateral (i) to pay any amounts due to the applicable depository bank
from time to time in respect of such account or any lockbox services provided by such depository bank in connection with such account which are not otherwise paid by Borrowers directly, through a debit against the Designated Account or otherwise or
(ii) to pay any other Obligations that may be due from time to time). 
 (ii) In each instance, so long as no Event of
Default has occurred and is continuing, this Section 2.4(b) shall not apply to any payment made by Borrowers to Lender and specified by Borrowers to be for the payment of specific Obligations then due and payable (or prepayable) under
any provision of this Agreement. 
  

 3 

 (iii) For purposes of the foregoing, “paid in full” means payment of all
amounts owing under the Loan Documents according to the terms thereof, including loan fees, service fees, professional fees, interest (and specifically including interest accrued after the commencement of any Insolvency Proceeding), default
interest, interest on interest, and expense reimbursements, whether or not any of the foregoing would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding. 
 (iv) In the event of a direct conflict between the priority provisions of this Section 2.4 and other provisions contained in
any other Loan Document, it is the intention of the parties hereto that such priority provisions in such documents shall be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual,
irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section 2.4 shall control and govern. 
 2.5 Overadvances. If, at any time or for any reason, the amount of Obligations owed by Borrowers to Lender pursuant to Section 2.1 or Section 2.12 is greater than any of the limitations set forth in
Section 2.1 or Section 2.12, as applicable (an “Overadvance”), Borrowers immediately shall pay to Lender, in cash, the amount of such excess, which amount shall be used by Lender to reduce the Obligations in
accordance with the priorities set forth in Section 2.4(b). In addition, Borrowers hereby promise to pay the Obligations (including principal, interest, fees, costs, and expenses) in Dollars in full as and when due and payable under the
terms of this Agreement and the other Loan Documents. 
 2.6 Interest Rates and Letter of Credit Fee: Rates, Payments, and
Calculations. 
 (a) Interest Rates. Except as provided in clause (c) below, all Obligations (except for
undrawn Letters of Credit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof at a per annum rate equal to the Base Rate plus the Base Rate
Margin. 
 The foregoing notwithstanding, at no time shall any portion of the Obligations (other than Bank Product
Obligations) bear interest on the Daily Balance thereof at a per annum rate less than 5.25%. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable
hereunder for such day automatically shall be deemed increased to the minimum rate. 
 (b) Letter of Credit Fee.
Borrowers shall pay Lender a Letter of Credit fee (in addition to the charges, commissions, fees, and costs set forth in Section 2.12(d)) which shall accrue at a rate equal to 2.00% per annum times the Daily Balance of the
undrawn amount of all outstanding Letters of Credit. 
 (c) Default Rate. Upon the occurrence and during the
continuation of an Event of Default (and at the election of Lender), 
 (i) all Obligations (except for undrawn Letters of
Credit and except for Bank Product Obligations) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest on the Daily Balance thereof at a per annum rate equal to 2 percentage points above the per annum rate
otherwise applicable hereunder, and 
 (ii) the Letter of Credit fee provided for above shall be increased to 2 percentage
points above the per annum rate otherwise applicable hereunder. 
 (d) Payment. Except as provided to the contrary in
Section 2.11, interest, Letter of Credit fees, and all other fees payable hereunder shall be due and payable, in arrears, on the first day of each month at any time that any Obligations are outstanding or at any time that Lender has an
obligation to extend credit hereunder. Borrowers hereby authorize Lender, from time to time, without prior notice to Borrowers, 

  

 4 

 
to charge all interest and fees (when due and payable), all Lender Expenses (as and when incurred), all charges, commissions, fees, and costs provided for in
Section 2.12(e) (as and when accrued or incurred), all fees and costs provided for in Section 2.11 (as and when accrued or incurred), and all other payments as and when due and payable under any Loan Document (including any
amounts due and payable to the Bank Product Providers in respect of Bank Products up to the amount of the Bank Product Reserve) to Borrowers’ Loan Account, which amounts thereafter shall constitute Advances hereunder and shall accrue interest
at the rate then applicable to Advances hereunder. Any interest not paid when due shall be compounded by being charged to Borrowers’ Loan Account and shall thereafter constitute Advances hereunder and shall accrue interest at the rate then
applicable to Advances. 
 (e) Computation. All interest and fees chargeable under the Loan Documents shall be computed
on the basis of a 360 day year for the actual number of days elapsed. In the event the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the Base Rate automatically and immediately shall be increased or
decreased by an amount equal to such change in the Base Rate. 
 (f) Intent to Limit Charges to Maximum Lawful Rate. In
no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination,
deem applicable. Borrowers and Lender, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to
the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrowers are and shall be liable only for the
payment of such maximum as allowed by law, and payment received from Borrowers in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess. 
 2.7 Cash Management. 
 (a) Borrowers shall and shall cause each of their Subsidiaries to establish and maintain cash management services of a type and on terms satisfactory to Lender at one or more of the banks or securities intermediaries
set forth on Schedule 2.7(a) (each a “Cash Management Bank”). Borrowers shall and shall cause each of their Subsidiaries to (i) request in writing and otherwise take such reasonable steps to ensure that all of their and
their Subsidiaries’ Account Debtors forward payment of the amounts owed by them directly to a Cash Management Account with respect to which the applicable Borrower or Subsidiary has delivered to Lender a Control Agreement or an account with
respect to which Lender is the customer of the depository bank (each a “Lender Deposit Account”), and (ii) deposit or cause to be deposited promptly, and in any event no later than the first Business Day after the date of
receipt thereof, all of their Collections (including those sent directly by their Account Debtors to Borrowers or their Subsidiaries) into a Cash Management Account with respect to which the applicable Borrower or Subsidiary has delivered a Control
Agreement or a Lender Deposit Account; provided, however, that foreign Account Debtors of CryoLife Europa Ltd. may make payments directly to an Excluded Account and any Collections received by CryoLife Europa Ltd. in respect of its foreign Account
Debtors may be deposited into an Excluded Account. 
 (b) Each Cash Management Bank shall establish and maintain Control
Agreements with Lender and a Borrower or Subsidiary of a Borrower, as applicable, in form and substance acceptable to Lender; provided, however, that Borrowers and their Subsidiaries shall not be required to deliver a Control Agreement with respect
to any Deposit Account or Securities Account so long as the aggregate balance in all such accounts not subject to Control Agreements does not exceed in the aggregate $5,000,000 at any time (or, if either (i) Parent has not received at least
$15,000,000 in net proceeds from an offering of Stock on or before March 31, 2005 or (ii) at any time after March 31, 2005, the collected balance in Cash Management Accounts subject to Control Agreements is less than $10,000,000 in
the aggregate, such $5,000,000 limit shall be reduced to $2,000,000 from and after March 31, 2005 or, in the case of clause (ii), from and after the date such collected balance in Cash Management Accounts subject to Control Agreements is less
than 

  

 5 

 
$10,000,000 in the aggregate) (collectively, such accounts with respect to which a Control Agreement is not required, the “Excluded
Accounts” and each an “Excluded Account”). Each such Control Agreement shall provide, among other things, that (i) the Cash Management Bank will comply with any instructions originated by Lender directing the
disposition of the funds in such Deposit Account (or, in the case of a Securities Account, entitlement orders originated by Lender) without further consent by Borrowers or their Subsidiaries, as applicable, (ii) the Cash Management Bank has no
rights of setoff or recoupment or any other claim against the applicable Deposit Account or Securities Account, other than for payment of its service fees and other charges directly related to the administration of such account and, in the case of a
Deposit Account, for returned checks or other items of payment, and (iii) upon written notice by Lender without further consent by Borrower or their Subsidiaries, it will forward by daily sweep all amounts in the applicable Deposit Account or
Securities Account to the Lender’s Account. Notwithstanding the foregoing, Lender agrees that it shall not send any such notice or otherwise direct the disposition of funds in any such Cash Management Account unless and until an Event of
Default has occurred or Excess Availability first drops below $7,500,000 after the Closing Date. 
 (c) So long as no Default
or Event of Default has occurred and is continuing, Administrative Borrower may amend Schedule 2.7(a) to add or replace a Cash Management Bank or Cash Management Account; provided, however, that (i) such prospective Cash
Management Bank shall be reasonably satisfactory to Lender, and (ii) unless such account is an Excluded Account, prior to the time of the opening of such Cash Management Account, a Borrower or its Subsidiary, as applicable, and such prospective
Cash Management Bank shall have executed and delivered to Lender a Control Agreement. Borrowers (or their Subsidiaries, as applicable) shall close any of their Cash Management Accounts (and establish replacement cash management accounts in
accordance with the foregoing sentence) promptly and in any event within 30 days of notice from Lender that such Cash Management Bank no longer has an issuer credit rating of A2 or A or better from Moody’s or S&P, respectively, and is no
longer acceptable to Lender in Lender’s reasonable judgment, or as promptly as practicable and in any event within 60 days of notice from Lender that the operating performance, funds transfer, or availability procedures or performance of such
Cash Management Bank with respect to such accounts or Lender’s liability under any Control Agreement with such Cash Management Bank is no longer acceptable in Lender’s reasonable judgment. 
 (d) Except for the Excluded Accounts, all Cash Management Accounts shall be cash collateral accounts subject to Control Agreements.

 2.8 Crediting Payments; Clearance Charge. The receipt of any payment item by Lender (whether from transfers to Lender by the
Cash Management Banks pursuant to the Control Agreements or otherwise) shall not be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to the Lender’s Account or unless and
until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to
the contrary contained herein notwithstanding, any payment item shall be deemed received by Lender only if it is received into the Lender’s Account on a Business Day on or before 11:00 a.m. (California time). If any payment item is received
into the Lender’s Account on a non-Business Day or after 11:00 a.m. (California time) on a Business Day, it shall be deemed to have been received by Lender as of the opening of business on the immediately following Business Day. The parties
acknowledge and agree that the economic benefit of the foregoing provisions of this Section 2.8 shall be for the exclusive benefit of Lender. 
 2.9 Designated Account. Lender is authorized to make the Advances, and Lender is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from
anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). Administrative Borrower agrees to establish and maintain the Designated Account with the Designated Account Bank for the purpose of
receiving the proceeds of the Advances requested by Borrowers and made by Lender hereunder. Unless otherwise agreed by Lender and Administrative Borrower, any Advance requested by Borrowers and made by Lender hereunder shall be made to the
Designated Account. 
  

 6 

 2.10 Maintenance of Loan Account; Statements of Obligations. Lender shall maintain an
account on its books in the name of Borrowers (the “Loan Account”) on which Borrowers will be charged with, all Advances made by Lender to Borrowers or for Borrowers’ account, the Letters of Credit issued by Lender for
Borrowers’ account, and with all other payment Obligations hereunder or under the other Loan Documents (except for Bank Product Obligations), including, accrued interest, fees and expenses, and Lender Expenses. In accordance with
Section 2.8, the Loan Account will be credited with all payments received by Lender from Borrowers or for Borrowers’ account, including all amounts received in the Lender’s Account from any Cash Management Bank. Lender shall
render statements regarding the Loan Account to Administrative Borrower, including principal, interest, fees, and including an itemization of all charges and expenses constituting Lender Expenses owing, and such statements, absent manifest error,
shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrowers and Lender unless, within 30 days after receipt thereof by Administrative Borrower, Administrative Borrower shall deliver to Lender written
objection thereto describing the error or errors contained in any such statements. 
 2.11 Fees. Borrowers shall pay to Lender,
as and when due and payable under the terms of the Fee Letter, the fees set forth in the Fee Letter. 
 2.12 Letters of Credit.

 (a) Subject to the terms and conditions of this Agreement, Lender agrees to issue letters of credit for the account of
Borrowers (each, an “L/C”) or to purchase participations or execute indemnities or reimbursement obligations (each such undertaking, an “L/C Undertaking”) with respect to letters of credit issued by an Underlying
Issuer (as of the Closing Date, the prospective Underlying Issuer is to be Wells Fargo) for the account of Borrowers. Each request for the issuance of a Letter of Credit or the amendment, renewal, or extension of any outstanding Letter of Credit
shall be made in writing by an Authorized Person and delivered to Lender via hand delivery, telefacsimile, or other electronic method of transmission reasonably in advance of the requested date of issuance, amendment, renewal, or extension. Each
such request shall be in form and substance satisfactory to Lender in its Permitted Discretion and shall specify (i) the amount of such Letter of Credit, (ii) the date of issuance, amendment, renewal, or extension of such Letter of Credit,
(iii) the expiration date of such Letter of Credit, (iv) the name and address of the beneficiary thereof (or the beneficiary of the Underlying Letter of Credit, as applicable), and (v) such other information (including, in the case of
an amendment, renewal, or extension, identification of the outstanding Letter of Credit to be so amended, renewed, or extended) as shall be necessary to prepare, amend, renew, or extend such Letter of Credit. If requested by Lender, Borrowers also
shall be an applicant under the application with respect to any Underlying Letter of Credit that is to be the subject of an L/C Undertaking. Lender shall have no obligation to issue a Letter of Credit if any of the following would result after
giving effect to the issuance of such requested Letter of Credit: 
 (i) the Letter of Credit Usage would exceed the Borrowing
Base less the outstanding amount of Advances, or 
 (ii) the Letter of Credit Usage would exceed $2,000,000, or

 (iii) the Letter of Credit Usage would exceed the Maximum Revolver Amount less the outstanding amount of Advances.

 Borrowers and Lender acknowledge and agree that certain Underlying Letters of Credit may be issued to support letters of credit that
already are outstanding as of the Closing Date. Each Letter of Credit (and corresponding Underlying Letter of Credit) shall be in form and substance acceptable to Lender (in the exercise of its Permitted Discretion), including the requirement that
the amounts payable thereunder must be payable in Dollars. If Lender is obligated to advance funds under a Letter of Credit, Borrowers immediately shall reimburse such L/C Disbursement to Lender by paying to Lender an amount equal to such L/C
Disbursement not later than 11:00 a.m., California time, on the date that such L/C Disbursement is made, if 

  

 7 

 
Administrative Borrower shall have received written or telephonic notice of such L/C Disbursement prior to 10:00 a.m., California time, on such date, or, if
such notice has not been received by Administrative Borrower prior to such time on such date, then not later than 11:00 a.m., California time, on the Business Day that Administrative Borrower receives such notice, if such notice is received prior to
10:00 a.m., California time, on the date of receipt, and, in the absence of such reimbursement, the L/C Disbursement immediately and automatically shall be deemed to be an Advance hereunder and, thereafter, shall bear interest at the rate then
applicable to Advances under Section 2.6. To the extent an L/C Disbursement is deemed to be an Advance hereunder, Borrowers’ obligation to reimburse such L/C Disbursement shall be discharged and replaced by the resulting Advance.

 (b) Each Borrower hereby agrees to indemnify, save, defend, and hold Lender harmless from any loss, cost, expense, or
liability, and reasonable attorneys fees incurred by Lender arising out of or in connection with any Letter of Credit; provided, however, that no Borrower shall be obligated hereunder to indemnify for any loss, cost, expense, or
liability to the extent that it is caused by the gross negligence or willful misconduct of Lender. Each Borrower agrees to be bound by the Underlying Issuer’s regulations and interpretations of any Underlying Letter of Credit or by
Lender’s interpretations of any L/C issued by Lender to or for such Borrower’s account, even though this interpretation may be different from such Borrower’s own, and each Borrower understands and agrees that Lender shall not be
liable for any error, negligence, or mistake, whether of omission or commission, in following Borrowers’ instructions or those contained in the Letter of Credit or any modifications, amendments, or supplements thereto. Each Borrower understands
that the L/C Undertakings may require Lender to indemnify the Underlying Issuer for certain costs or liabilities arising out of claims by Borrowers against such Underlying Issuer. Each Borrower hereby agrees to indemnify, save, defend, and hold
Lender harmless with respect to any loss, cost, expense (including reasonable attorneys fees), or liability incurred by Lender under any L/C Undertaking as a result of Lender’s indemnification of any Underlying Issuer; provided,
however, that no Borrower shall be obligated hereunder to indemnify for any loss, cost, expense, or liability to the extent that it is caused by the gross negligence or willful misconduct of Lender. Each Borrower hereby acknowledges and
agrees that Lender shall not be responsible for delays, errors, or omissions resulting from the malfunction of equipment in connection with any Letter of Credit. 
 (c) Each Borrower hereby authorizes and directs any Underlying Issuer to deliver to Lender all instruments, documents, and other writings
and property received by such Underlying Issuer pursuant to such Underlying Letter of Credit and to accept and rely upon Lender’s instructions with respect to all matters arising in connection with such Underlying Letter of Credit and the
related application. 
 (d) Any and all issuance charges, commissions, fees, and costs incurred by Lender relating to
Underlying Letters of Credit shall be Lender Expenses for purposes of this Agreement and immediately shall be reimbursable by Borrowers to Lender for the account of Lender; it being acknowledged and agreed by each Borrower that, as of the Closing
Date, the issuance charge imposed by the prospective Underlying Issuer is .825% per annum times the face amount of each Underlying Letter of Credit, that such issuance charge may be changed from time to time, and that the Underlying Issuer also
imposes a schedule of charges for amendments, extensions, drawings, and renewals. 
 (e) If by reason of (i) any change
after the Closing Date in any applicable law, treaty, rule, or regulation or any change in the interpretation or application thereof by any Governmental Authority, or (ii) compliance by the Underlying Issuer or Lender with any direction,
request, or requirement (irrespective of whether having the force of law) of any Governmental Authority or monetary authority including, Regulation D of the Federal Reserve Board as from time to time in effect (and any successor thereto):

 (i) any reserve, deposit, or similar requirement is or shall be imposed or modified in respect of any Letter of Credit
issued hereunder, or 
  

 8 

 (ii) there shall be imposed on the Underlying Issuer or Lender any other condition
regarding any Underlying Letter of Credit or any Letter of Credit issued pursuant hereto; 
 and the result of the foregoing is to increase, directly or
indirectly, the cost to Lender of issuing, making, guaranteeing, or maintaining any Letter of Credit or to reduce the amount receivable in respect thereof by Lender, then, and in any such case, Lender may, at any time within a reasonable period
after the additional cost is incurred or the amount received is reduced, notify Administrative Borrower, and Borrowers shall pay on demand such amounts as Lender may specify to be necessary to compensate Lender for such additional cost or reduced
receipt, together with interest on such amount from the date of such demand until payment in full thereof at the rate then applicable to Advances. The determination by Lender of any amount due pursuant to this Section, as set forth in a certificate
setting forth the calculation thereof in reasonable detail, shall, in the absence of manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto. 
 2.13 Intentionally Omitted. 
 2.14 Capital Requirements. If, after the date hereof, Lender determines that (i) the adoption of or change in any law, rule, regulation or guideline regarding capital requirements for banks or bank holding companies, or
any change in the interpretation or application thereof by any Governmental Authority charged with the administration thereof, or (ii) compliance by Lender or its parent bank holding company with any guideline, request or directive of any such
entity regarding capital adequacy (whether or not having the force of law), has the effect of reducing the return on Lender’s or such holding company’s capital as a consequence of Lender’s obligations hereunder to a level below that
which Lender or such holding company could have achieved but for such adoption, change, or compliance (taking into consideration Lender’s or such holding company’s then existing policies with respect to capital adequacy and assuming the
full utilization of such entity’s capital) by any amount deemed by Lender to be material, then Lender may notify Administrative Borrower thereof. Following receipt of such notice, Borrowers agree to pay Lender on demand the amount of such
reduction of return of capital as and when such reduction is determined, payable within 90 days after presentation by Lender of a statement in the amount and setting forth in reasonable detail Lender’s calculation thereof and the assumptions
upon which such calculation was based (which statement shall be deemed true and correct absent manifest error). In determining such amount, Lender may use any reasonable averaging and attribution methods. 
 2.15 Joint and Several Liability of Borrowers. 
 (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial
accommodations to be provided by Lender under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the
Obligations. 
 (b) Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a
surety but also as a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance of all of the Obligations (including, without limitation, any Obligations arising under this Section 2.15),
it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. 
 (c) If and to the extent that any Borrower shall fail to make any payment with respect to any of the Obligations as and when due or to
perform any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Obligation. 
 (d) The Obligations of each Borrower under the provisions of this Section 2.15 constitute the absolute and unconditional, full
recourse Obligations of each Borrower enforceable against 

  

 9 

 
each such Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other
circumstances whatsoever. 
 (e) Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice
of acceptance of its joint and several liability, notice of any Advances or Letters of Credit issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this
Agreement, notice of any action at any time taken or omitted by Lender under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent permitted by applicable law, all demands, notices
and other formalities of every kind in connection with this Agreement (except as otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the
Obligations, the acceptance of any payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by Lender at any time or times in respect of any default by any Borrower in the
performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by Lender in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in
part, at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or
delay in acting or failure to act on the part of Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without limitation, any failure strictly or diligently to assert any right or to pursue
any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.15 afford grounds for terminating, discharging or relieving any Borrower, in whole or in part, from any
of its Obligations under this Section 2.15, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this Section 2.15 shall not be
discharged except by performance and then only to the extent of such performance. The Obligations of each Borrower under this Section 2.15 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement,
liquidation, reconstruction or similar proceeding with respect to any Borrower or Lender. 
 (f) Each Borrower represents and
warrants to Lender that such Borrower is currently informed of the financial condition of Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower
further represents and warrants to Lender that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower hereby covenants that such Borrower will continue to keep informed of Borrowers’ financial
condition, the financial condition of other guarantors, if any, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations. 
 (g) Each Borrower waives all rights and defenses arising out of an election of remedies by Lender, even though that election of remedies,
such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed Lender’s rights of subrogation and reimbursement against such Borrower. 
 (h) Intentionally omitted. 
 (i) The provisions of this Section 2.15 are made for the benefit of Lender and its successors and assigns, and may be enforced by it or them from time to time against any or all Borrowers as often as
occasion therefor may arise and without requirement on the part of Lender, successor or assign first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or
them against any Borrower or to resort to any other source or means of obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 2.15 shall remain in effect until all of the
Obligations shall have been paid in full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by Lender upon the insolvency,
bankruptcy or 

  

 10 

 
reorganization of any Borrower, or otherwise, the provisions of this Section 2.15 will forthwith be reinstated in effect, as though such payment
had not been made. 
 (j) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or
subrogation against any other Borrower with respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to Lender with respect to any of the Obligations or any collateral security therefor
until such time as all of the Obligations have been paid in full in cash. Any claim which any Borrower may have against any other Borrower with respect to any payments to Lender hereunder or under any other Loan Documents are hereby expressly made
subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency, bankruptcy,
receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in cash before
any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. 
 (k) Each Borrower hereby agrees that, after the occurrence and during the continuance of any Default or Event of Default, the payment of any amounts due with respect to the indebtedness owing by any Borrower to any
other Borrower is hereby subordinated to the prior payment in full in cash of the Obligations. Each Borrower hereby agrees that after the occurrence and during the continuance of any Default or Event of Default, such Borrower will not demand, sue
for or otherwise attempt to collect any indebtedness of any other Borrower owing to such Borrower until the Obligations shall have been paid in full in cash. If, notwithstanding the foregoing sentence, such Borrower shall collect, enforce or receive
any amounts in respect of such indebtedness, such amounts shall be collected, enforced and received by such Borrower as trustee for Lender, and such Borrower shall deliver any such amounts to Lender for application to the Obligations in accordance
with Section 2.4(b). 
  

	3.	CONDITIONS; TERM OF AGREEMENT. 

 3.1
Conditions Precedent to the Initial Extension of Credit. The obligation of Lender to make the initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Lender of each of the conditions
precedent set forth on Schedule 3.1 (the making of such initial extension of credit by Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent). 
 3.2 Conditions Precedent to all Extensions of Credit. The obligation of Lender to make any Advances hereunder at any time (or to extend any
other credit hereunder) shall be subject to the following conditions precedent: 
 (a) the representations and warranties
contained in this Agreement or in the other Loan Documents shall be true and correct in all material respects on and as of the date of such extension of credit, as though made on and as of such date (except to the extent that such representations
and warranties relate solely to an earlier date); 
 (b) no Default or Event of Default shall have occurred and be continuing
on the date of such extension of credit, nor shall either result from the making thereof; 
 (c) no injunction, writ,
restraining order, or other order of any nature restricting or prohibiting, directly or indirectly, the extending of such credit shall have been issued and remain in force by any Governmental Authority against any Borrower, Lender, or any of their
Affiliates; and 
 (d) no Material Adverse Change shall have occurred. 
  

 11 

 3.3 Term. This Agreement shall continue in full force and effect for a term ending on the
date three (3) years following the Closing Date (the “Maturity Date”). The foregoing notwithstanding, Lender shall have the right to terminate its obligations under this Agreement immediately and without notice upon the
occurrence and during the continuation of an Event of Default. 
 3.4 Effect of Termination. On the date of termination of this
Agreement, all Obligations (including contingent reimbursement obligations of Borrowers with respect to outstanding Letters of Credit and including all Bank Product Obligations) immediately shall become due and payable without notice or demand
(including (a) either (i) providing cash collateral to be held by Lender in an amount equal to 105% of the Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Lender, and (b) providing cash
collateral (in an amount determined by Lender as sufficient to satisfy the reasonably estimated credit exposure) to be held by Lender for the benefit of the Bank Product Providers with respect to the Bank Product Obligations). No termination of this
Agreement, however, shall relieve or discharge Borrowers or their Subsidiaries of their duties, Obligations, or covenants hereunder or under any other Loan Document and the Lender’s Liens in the Collateral shall remain in effect until all
Obligations have been paid in full and Lender’s obligations to provide additional credit hereunder have been terminated. When this Agreement has been terminated and all of the Obligations have been paid in full and Lender’s obligations to
provide additional credit under the Loan Documents have been terminated irrevocably, Lender will, at Borrowers’ sole expense, execute and deliver any termination statements, lien releases, mortgage releases, re-assignments of trademarks,
discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably necessary to release, as of record, the Lender’s Liens and all notices of security interests and liens
previously filed by Lender with respect to the Obligations. 
 3.5 Early Termination by Borrowers. Borrowers have the option,
at any time upon 90 days prior written notice by Administrative Borrower to Lender, to terminate this Agreement by paying to Lender, in cash, the Obligations (including (a) either (i) providing cash collateral to be held by Lender in an
amount equal to 105% of the Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Lender, and (b) providing cash collateral (in an amount determined by Lender as sufficient to satisfy the reasonably
estimated credit exposure) to be held by Lender for the benefit of the Bank Product Providers with respect to the Bank Product Obligations), in full. If Administrative Borrower has sent a notice of termination pursuant to the provisions of this
Section, then Lender’s obligations to extend credit hereunder shall terminate and Borrowers shall be obligated to repay the Obligations (including (a) either (i) providing cash collateral to be held by Lender in an amount equal to
105% of the Letter of Credit Usage, or (ii) causing the original Letters of Credit to be returned to Lender, and (b) providing cash collateral (in an amount determined by Lender as sufficient to satisfy the reasonably estimated credit
exposure) to be held by Lender for the benefit of the Bank Product Providers with respect to the Bank Products Obligations), in full, on the date set forth as the date of termination of this Agreement in such notice. 
  

	4.	REPRESENTATIONS AND WARRANTIES. 

 In order to induce
Lender to enter into this Agreement, each Borrower makes the following representations and warranties to Lender which shall be true, correct, and complete, in all material respects, as of the date hereof, and shall be true, correct, and complete, in
all material respects, as of the Closing Date, and at and as of the date of the making of each Advance (or other extension of credit) made thereafter, as though made on and as of the date of such Advance (or other extension of credit) (except to the
extent that such representations and warranties relate solely to an earlier date) and such representations and warranties shall survive the execution and delivery of this Agreement: 
 4.1 No Encumbrances. Each Borrower and its Subsidiaries has good and indefeasible title to, or a valid leasehold interest in, their
personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens. 
 4.2 Intentionally Omitted.  
  

 12 

 4.3 Intentionally Omitted.  
 4.4 Equipment. Each material item of Equipment of Borrowers and their Subsidiaries is used or held for use in their business and is in good
working order, ordinary wear and tear and damage by casualty excepted. 
 4.5 Location of Inventory and Equipment. The
Inventory and Equipment (other than vehicles or Equipment out for repair) of Borrowers and their Subsidiaries are not stored with a bailee, warehouseman, or similar party and are located only at, or in-transit between, the locations identified on
Schedule 4.5 (as such Schedule may be updated pursuant to Section 5.9). 
 4.6 Inventory Records. Each
Borrower keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof. 
 4.7 State of Incorporation; Location of Chief Executive Office; Organizational Identification Number; Commercial Tort Claims.

 (a) The jurisdiction of organization of each Borrower and each of its Subsidiaries is set forth on Schedule
4.7(a). 
 (b) The chief executive office of each Borrower and each of its Subsidiaries is located at the address
indicated on Schedule 4.7(b) (as such Schedule may be updated pursuant to Section 5.9). 
 (c) Each
Borrower’s and each of its Subsidiaries’ organizational identification number, if any, is identified on Schedule 4.7(c). 
 (d) As of the Closing Date, Borrowers and their Subsidiaries do not hold any commercial tort claims, except as set forth on Schedule 4.7(d). 
 4.8 Due Organization and Qualification; Subsidiaries. 
 (a) Each Borrower and each Subsidiary of a Borrower is duly organized and existing and in good standing under the laws of the jurisdiction
of its organization and qualified to do business in any state where the failure to be so qualified reasonably could be expected to result in a Material Adverse Change. 
 (b) Set forth on Schedule 4.8(b), is a complete and accurate description of the authorized capital Stock of each Borrower, by
class, and, as of the Closing Date, a description of the number of shares of each such class that are issued and outstanding. Other than as described on Schedule 4.8(b), there are no subscriptions, options, warrants, or calls relating to any
shares of each Borrower’s capital Stock, including any right of conversion or exchange under any outstanding security or other instrument. 
 (c) Set forth on Schedule 4.8(c), is a complete and accurate list of each Borrower’s direct and indirect Subsidiaries, showing: (i) the jurisdiction of their organization, (ii) the number of
shares of each class of common and preferred Stock authorized for each of such Subsidiaries, and (iii) the number and the percentage of the outstanding shares of each such class owned directly or indirectly by the applicable Borrower. All of
the outstanding capital Stock of each such Subsidiary has been validly issued and is fully paid and non-assessable. 
 (d)
Except as set forth on Schedule 4.8(c), there are no subscriptions, options, warrants, or calls relating to any shares of any Borrower’s Subsidiaries’ capital Stock, including any right of conversion or exchange under any
outstanding security or other instrument. No Borrower or any of its respective Subsidiaries is subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire 

  

 13 

 
any shares of any Borrower’s Subsidiaries’ capital Stock or any security convertible into or exchangeable for any such capital Stock. 

4.9 Due Authorization; No Conflict. 
 (a) As to each Borrower, the execution, delivery, and performance by such Borrower of this Agreement and the other Loan Documents to which it is a party have been duly authorized by all necessary action on the part of
such Borrower. 
 (b) As to each Borrower, the execution, delivery, and performance by such Borrower of this Agreement and the
other Loan Documents to which it is a party do not and will not (i) violate any provision of federal, state, or local law or regulation applicable to any Borrower, the Governing Documents of any Borrower, or any order, judgment, or decree of
any court or other Governmental Authority binding on any Borrower, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material contractual obligation of any Borrower,
(iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any properties or assets of Borrower, other than Permitted Liens, or (iv) require any approval of any Borrower’s interestholders or any
approval or consent of any Person under any material contractual obligation of any Borrower, other than consents or approvals that have been obtained and that are still in force and effect. 
 (c) Other than the filing of financing statements, and the recordation of the Mortgages, the execution, delivery, and performance by each
Borrower of this Agreement and the other Loan Documents to which such Borrower is a party do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority, other than
consents or approvals that have been obtained and that are still in force and effect. 
 (d) As to each Borrower, this
Agreement and the other Loan Documents to which such Borrower is a party, and all other documents contemplated hereby and thereby, when executed and delivered by such Borrower will be the legally valid and binding obligations of such Borrower,
enforceable against such Borrower in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting
creditors’ rights generally. 
 (e) The Lender’s Liens are validly created, perfected, and first priority Liens,
subject only to Permitted Liens. 
 (f) The execution, delivery, and performance by each Guarantor of the Loan Documents to
which it is a party have been duly authorized by all necessary action on the part of such Guarantor. 
 (g) The execution,
delivery, and performance by each Guarantor of the Loan Documents to which it is a party do not and will not (i) violate any provision of federal, state, or local law or regulation applicable to such Guarantor, the Governing Documents of such
Guarantor, or any order, judgment, or decree of any court or other Governmental Authority binding on such Guarantor, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any
material contractual obligation of such Guarantor, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any properties or assets of such Guarantor, other than Permitted Liens, or (iv) require any
approval of such Guarantor’s interestholders or any approval or consent of any Person under any material contractual obligation of such Guarantor, other than consents or approvals that have been obtained and that are still in force and effect.

 (h) Other than the filing of financing statements and the recordation of the Mortgages, the execution, delivery, and
performance by each Guarantor of the Loan Documents to which such Guarantor 

  

 14 

 
is a party do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority,
other than consents or approvals that have been obtained and that are still in force and effect. 
 (i) The Loan Documents to
which each Guarantor is a party, and all other documents contemplated hereby and thereby, when executed and delivered by such Guarantor will be the legally valid and binding obligations of such Guarantor, enforceable against such Guarantor in
accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally. 
 4.10 Litigation. Other than those matters disclosed on Schedule 4.10, and other than matters arising after the Closing Date that
reasonably could not be expected to result in a Material Adverse Change, there are no actions, suits, or proceedings pending or, to the best knowledge of each Borrower, threatened against any Borrower or any of its Subsidiaries. 
 4.11 No Material Adverse Change. All financial statements relating to Borrowers and their Subsidiaries or Guarantor that have been
delivered by Borrowers to Lender have been prepared in accordance with GAAP (except, in the case of unaudited financial statements, for the lack of footnotes and being subject to year-end audit adjustments) and present fairly in all material
respects, Borrowers’ and their Subsidiaries’ (or any Guarantor’s, as applicable) financial condition as of the date thereof and results of operations for the period then ended. There has not been a Material Adverse Change with respect
to Borrowers and their Subsidiaries (or any Guarantor, as applicable) since the date of the latest financial statements submitted to Lender on or before the Closing Date. 
 4.12 Fraudulent Transfer. 
 (a) Each Borrower and each Subsidiary of a
Borrower is Solvent. 
 (b) No transfer of property is being made by any Borrower or any Subsidiary of a Borrower and no
obligation is being incurred by any Borrower or any Subsidiary of a Borrower in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future
creditors of Borrowers or their Subsidiaries. 
 4.13 Employee Benefits. None of Borrowers, any of their Subsidiaries, or any
of their ERISA Affiliates maintains or contributes to any Benefit Plan. 
 4.14 Environmental Condition. Except as set forth on
Schedule 4.14, (a) to Borrowers’ knowledge, none of Borrowers’ or their Subsidiaries’ properties or assets has ever been used by Borrowers, their Subsidiaries, or by previous owners or operators in the disposal of, or to
produce, store, handle, treat, release, or transport, any Hazardous Materials, where such use, production, storage, handling, treatment, release or transport was in violation, in any material respect, of any applicable Environmental Law, (b) to
Borrowers’ knowledge, none of Borrowers’ nor their Subsidiaries’ properties or assets has ever been designated or identified in any manner pursuant to any environmental protection statute as a Hazardous Materials disposal site,
(c) none of Borrowers nor any of their Subsidiaries have received notice that a Lien arising under any Environmental Law has attached to any revenues or to any Real Property owned or operated by Borrowers or their Subsidiaries, and
(d) none of Borrowers nor any of their Subsidiaries have received a summons, citation, notice, or directive from the United States Environmental Protection Agency or any other federal or state governmental agency concerning any action or
omission by any Borrower or any Subsidiary of a Borrower resulting in the releasing or disposing of Hazardous Materials into the environment. 
 4.15 Intellectual Property. Each Borrower and each Subsidiary of a Borrower owns, or holds licenses in, all trademarks, trade names, copyrights, patents, patent rights, and licenses that are necessary to the conduct of its
business as currently conducted, and attached hereto as Schedule 4.15 (as updated from time to 

  

 15 

 
time) is a true, correct, and complete listing of all material patents, patent applications, trademarks, trademark applications, copyrights, and copyright
registrations as to which each Borrower or one of its Subsidiaries is the owner or is an exclusive licensee. 
 4.16 Leases.
Borrowers and their Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their business and to which they are parties or under which they are operating and all of such material leases are valid and subsisting and
no material default by Borrowers or their Subsidiaries exists under any of them. 
 4.17 Deposit Accounts and Securities Accounts.
Set forth on Schedule 2.7 is a listing of all of Borrowers’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such
Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person. 
 4.18 Complete
Disclosure. All factual information (taken as a whole) furnished by or on behalf of Borrowers or their Subsidiaries in writing to Lender (including all information contained in the Schedules hereto or in the other Loan Documents) for
purposes of or in connection with this Agreement, the other Loan Documents, or any transaction contemplated herein or therein is, and all other such factual information (taken as a whole) hereafter furnished by or on behalf of Borrowers or their
Subsidiaries in writing to Lender will be, true and accurate in all material respects on the date as of which such information is dated or certified and not incomplete by omitting to state any fact necessary to make such information (taken as a
whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided. On the Closing Date, the Closing Date Projections represent, and as of the date on which any other Projections are
delivered to Lender, such additional Projections represent Borrowers’ good faith estimate of their and their Subsidiaries’ future performance for the periods covered thereby. 
 4.19 Indebtedness. Set forth on Schedule 4.19 is a true and complete list of all Indebtedness of each Borrower and each Subsidiary
of a Borrower outstanding immediately prior to the Closing Date that is to remain outstanding after the Closing Date and such Schedule accurately reflects the aggregate principal amount of such Indebtedness and describes the principal terms thereof.

  

	5.	AFFIRMATIVE COVENANTS. 

 Each Borrower covenants and
agrees that, so long as any credit hereunder shall be available and until the payment in full of the Obligations, Borrowers shall and shall cause each of their respective Subsidiaries to do all of the following: 
 5.1 Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and
maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Lender. Borrowers also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with
respect to their and their Subsidiaries’ sales. 
 5.2 Collateral Reporting. Provide Lender with each of the reports set
forth on Schedule 5.2 at the times specified therein. 
 5.3 Financial Statements, Reports, Certificates. Deliver
to Lender each of the financial statements, reports, or other items set forth on Schedule 5.3 at the times specified herein. In addition, Parent agrees that no Subsidiary of Parent will have a fiscal year different from that of Parent.

 5.4 Intentionally Omitted.  
  

 16 

 5.5 Inspection. Permit Lender, and its duly authorized representatives or agents to visit
any of its properties and inspect any of its assets or books and records, to examine and make copies of its books and records, and to discuss its affairs, finances, and accounts with, and to be advised as to the same by, its officers and employees
at such reasonable times and intervals as Lender may designate and, so long as no Default or Event of Default exists, with reasonable prior notice to Administrative Borrower. 
 5.6 Maintenance of Properties. Maintain and preserve all of their properties which are necessary or useful in the proper conduct to their
business in good working order and condition, ordinary wear, tear, and casualty excepted (and except where the failure to do so could not be expected to result in a Material Adverse Change), and comply at all times with the provisions of all
material leases to which it is a party as lessee, so as to prevent any loss or forfeiture thereof or thereunder; provided, however, that if Borrowers determine in their reasonable business judgment not to continue their tissue
business, they shall not be required to maintain assets used solely for such business. 
 5.7 Taxes. Cause all assessments and
taxes, whether real, personal, or otherwise, due or payable by, or imposed, levied, or assessed against Borrowers, their Subsidiaries, or any of their respective assets to be paid in full, before delinquency or before the expiration of any extension
period, except to the extent that the validity of such assessment or tax shall be the subject of a Permitted Protest. Borrowers will and will cause their Subsidiaries to make timely payment or deposit of all tax payments and withholding taxes
required of them by applicable laws, including those laws concerning F.I.C.A., F.U.T.A., state disability, and local, state, and federal income taxes, and will, upon request, furnish Lender with proof satisfactory to Lender indicating that the
applicable Borrower or Subsidiary of a Borrower has made such payments or deposits. 
 5.8 Insurance; Litigation Settlement.

 (a) At Borrowers’ expense, maintain insurance respecting their and their Subsidiaries’ assets wherever
located, covering loss or damage by fire, theft, explosion, and all other hazards and risks as ordinarily are insured against by other Persons engaged in the same or similar businesses. Borrowers also shall maintain business interruption, public
liability, and product liability insurance, as well as insurance against larceny, embezzlement, and criminal misappropriation. All such policies of insurance shall be in such amounts and with such insurance companies as are reasonably satisfactory
to Lender. Borrowers shall deliver copies of all such policies to Lender with an endorsement naming Lender as the sole loss payee (under a satisfactory lender’s loss payable endorsement) or additional insured, as appropriate. Each policy of
insurance or endorsement shall contain a clause requiring the insurer to give not less than 30 days prior written notice to Lender in the event of cancellation of the policy for any reason whatsoever. 
 (b) Administrative Borrower shall give Lender prompt notice of any casualty loss or liability claim exceeding $250,000 that is not already
disclosed on Schedule 4.10. With respect to losses or liability claims arising under litigation matters disclosed on Schedule 4.10, Borrowers shall have the exclusive right to adjust any losses payable under any insurance policies
described above and, so long as (i) no Event of Default has occurred and is continuing and (ii) Excess Availability is equal to or greater than $7,500,000, Borrowers shall have the exclusive right to settle any such liability claims that
are not covered by insurance. Following the occurrence and during the continuation of an Event of Default or if Excess Availability is less than $7,500,000, Borrowers shall not settle any such liability claim without the prior written consent of
Lender. With respect to all other losses or liability claims, so long as no Event of Default has occurred and is continuing, Borrowers shall have the exclusive right to adjust any losses (other than property/casualty losses in excess of $250,000)
payable under any such insurance policies or settle any liability claims of less than $250,000 not covered by insurance. Following the occurrence and during the continuation of an Event of Default, or in the case of any losses payable under such
property/casualty insurance exceeding $250,000 or uninsured liability claims in excess of $250,000, Lender shall have the exclusive right to adjust any such losses payable under any such insurance policies, without any liability to Borrowers
whatsoever in respect of such adjustments, and Borrowers shall not settle any such uninsured liability claims without the prior written consent of Lender. Any monies received as payment for any loss 

  

 17 

 
under any insurance policy mentioned above (other than liability insurance policies) or as payment of any award or compensation for condemnation or taking by
eminent domain, shall be paid over to Lender to be applied at the option of Lender either to the prepayment of the Obligations or to be disbursed to Administrative Borrower under staged payment terms reasonably satisfactory to Lender for application
to the cost of repairs, replacements, or restorations; provided, however, that, with respect to any such monies in an aggregate amount during any 12 consecutive month period not in excess of $250,000, so long as (A) no Default or
Event of Default shall have occurred and is continuing, (B) Borrowers’ Excess Availability is greater than $7,500,000, (C) Administrative Borrower shall have given Lender prior written notice of the Borrowers or their respective
Subsidiaries’ intention to apply such monies to the costs of repairs, replacement, or restoration of the property which is the subject of the loss, destruction, or taking by condemnation, (D) the monies are held in a cash collateral
account in which Lender has a perfected first-priority security interest, and (E) Borrowers or their Subsidiaries complete such repairs, replacements, or restoration within 180 days after the initial receipt of such monies, Borrowers shall have
the option to apply such monies to the costs of repairs, replacement, or restoration of the property which is the subject of the loss, destruction, or taking by condemnation unless and to the extent that such applicable period shall have expired
without such repairs, replacements, or restoration being made, in which case, any amounts remaining in the cash collateral account shall be paid to Lender and applied as set forth above. 
 5.9 Location of Inventory and Equipment. Keep Borrowers’ and their Subsidiaries’ Inventory and Equipment (other than vehicles and
Equipment out for repair) only at the locations identified on Schedule 4.5 and their chief executive offices only at the locations identified on Schedule 4.7(b); provided, however, that Administrative Borrower may
amend Schedule 4.5 or Schedule 4.7(b) so long as such amendment occurs by written notice to Lender not less than 30 days prior to the date on which such Inventory or Equipment is moved to such new location or such chief executive
office is relocated, so long as such new location is within the continental United States, and so long as, at the time of such written notification, the applicable Borrower provides Lender a Collateral Access Agreement with respect thereto.

 5.10 Compliance with Laws. Comply with the requirements of all applicable laws, rules, regulations, and orders of any
Governmental Authority, other than laws, rules, regulations, and orders the non-compliance with which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change. 
 5.11 Leases. Pay when due all rents and other amounts payable under any material leases to which any Borrower or any Subsidiary of a
Borrower is a party or by which any Borrower’s or any of its Subsidiaries’ properties and assets are bound, unless such payments are the subject of a Permitted Protest. 
 5.12 Existence. At all times preserve and keep in full force and effect each Borrower’s and each of its Subsidiaries’ valid
existence and good standing and any rights and franchises material to their businesses. 
 5.13 Environmental. 
 (a) Keep any property either owned or operated by any Borrower or any Subsidiary of a Borrower free of any Environmental Liens or post
bonds or other financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens, (b) comply, in all material respects, with Environmental Laws and provide to Lender documentation of such compliance
which Lender reasonably requests, (c) promptly notify Lender of any release of a Hazardous Material in any reportable quantity from or onto property owned or operated by any Borrower or any Subsidiary of a Borrower and take any Remedial Actions
required to abate said release or otherwise to come into compliance with applicable Environmental Law, and (d) promptly, but in any event within 5 days of its receipt thereof, provide Lender with written notice of any of the following:
(i) notice that an Environmental Lien has been filed against any of the real or personal property of any Borrower or any Subsidiary of a Borrower, (ii) commencement of any Environmental Action or notice that an Environmental Action will be
filed against any Borrower or any 

  

 18 

 
Subsidiary of a Borrower, and (iii) notice of a violation, citation, or other administrative order which reasonably could be expected to result in a
Material Adverse Change. 
 5.14 Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining
knowledge thereof, notify Lender if any written information, exhibit, or report furnished to Lender contained, at the time it was furnished, any untrue statement of a material fact or omitted to state any material fact necessary to make the
statements contained therein not misleading in light of the circumstances in which made. The foregoing to the contrary notwithstanding, any notification pursuant to the foregoing provision will not cure or remedy the effect of the prior untrue
statement of a material fact or omission of any material fact nor shall any such notification have the affect of amending or modifying this Agreement or any of the Schedules hereto. 
 5.15 Control Agreements. Take all reasonable steps in order for Lender to obtain control in accordance with Sections 8-106, 9-104, 9-105,
9-106, and 9-107 of the Code with respect to (subject to the proviso contained in Section 6.12) all of its Securities Accounts, Deposit Accounts, electronic chattel paper, investment property, and letter of credit rights. 
 5.16 Formation of Subsidiaries. At the time that any Borrower or any Guarantor forms any direct or indirect Subsidiary or acquires any
direct or indirect Subsidiary after the Closing Date, such Borrower or such Guarantor shall (a) cause such new Subsidiary to provide to Lender a joinder to the Guaranty and the Security Agreement, together with such other security documents
(including Mortgages with respect to any Real Property of such new Subsidiary), as well as appropriate financing statements (and with respect to all property subject to a Mortgage, fixture filings), all in form and substance satisfactory to Lender
(including being sufficient to grant Lender a first priority Lien (subject to Permitted Liens) in and to the assets of such newly formed or acquired Subsidiary), (b) provide to Lender a pledge agreement and appropriate certificates and powers
or financing statements, hypothecating all of the direct or beneficial ownership interest in such new Subsidiary, in form and substance satisfactory to Lender, and (c) provide to Lender all other documentation, including one or more opinions of
counsel satisfactory to Lender (which opinions shall be substantially similar to the opinion delivered on the Closing Date or in such other form as shall be acceptable to Lender), which in its opinion is appropriate with respect to the execution and
delivery of the applicable documentation referred to above (including policies of title insurance or other documentation with respect to all property subject to a Mortgage). Any document, agreement, or instrument executed or issued pursuant to this
Section 5.16 shall be a Loan Document. 
  

	6.	NEGATIVE COVENANTS. 

 Each Borrower covenants and
agrees that, so long as any credit hereunder shall be available and until the payment in full of the Obligations, Borrowers will not and will not permit any of their respective Subsidiaries to do any of the following: 
 6.1 Indebtedness. Create, incur, assume, suffer to exist, guarantee, or otherwise become or remain, directly or indirectly, liable with
respect to any Indebtedness, except: 
 (a) Indebtedness evidenced by this Agreement and the other Loan Documents, together
with Indebtedness owed to Underlying Issuers with respect to Underlying Letters of Credit, 
 (b) Indebtedness set forth on
Schedule 4.19, 
 (c) Permitted Purchase Money Indebtedness, 
 (d) Indebtedness arising from issuances by Borrowers of subordinated debt or debentures, provided that Borrowers enter into a
subordination agreement relating to such Indebtedness in form and substance satisfactory to Lender, or 
  

 19 

 (e) refinancings, renewals, or extensions of Indebtedness permitted under clauses
(b) and (c) of this Section 6.1 (and continuance or renewal of any Permitted Liens associated therewith) so long as: (i) the terms and conditions of such refinancings, renewals, or extensions do not, in Lender’s
reasonable judgment, materially impair the prospects of repayment of the Obligations by Borrowers or materially impair Borrowers’ creditworthiness, (ii) such refinancings, renewals, or extensions do not result in an increase in the
principal amount of, or interest rate (by more than two percent (2%)) with respect to, the Indebtedness so refinanced, renewed, or extended or add one or more Borrowers as liable with respect thereto if such additional Borrowers were not liable
with respect to the original Indebtedness, (iii) such refinancings, renewals, or extensions do not result in a shortening of the average weighted maturity of the Indebtedness so refinanced, renewed, or extended, nor are they on terms or
conditions, that, taken as a whole, are materially more burdensome or restrictive to the applicable Borrower, (iv) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right of payment to the Obligations, then the
terms and conditions of the refinancing, renewal, or extension Indebtedness must include subordination terms and conditions that are at least as favorable to Lender as those that were applicable to the refinanced, renewed, or extended Indebtedness,
and (v) the Indebtedness that is refinanced, renewed, or extended is not recourse to any Person that is liable on account of the Obligations other than those Persons which were obligated with respect to the Indebtedness that was refinanced,
renewed, or extended, 
 (f) endorsement of instruments or other payment items for deposit, 
 (g) Indebtedness composing Permitted Investments, and 
 (h) Indebtedness owed to insurance companies consisting of financed insurance premiums by such insurance companies so long as the
aggregate principal amount of such Indebtedness does not exceed $3,000,000 at any time outstanding and the term of any such notes payable does not exceed one year. 
 6.2 Liens. Create, incur, assume, or suffer to exist, directly or indirectly, any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, or any income or
profits therefrom, except for Permitted Liens (including Liens that are replacements of Permitted Liens to the extent that the original Indebtedness is refinanced, renewed, or extended under Section 6.1(e) and so long as the replacement
Liens only encumber those assets that secured the refinanced, renewed, or extended Indebtedness). 
 6.3 Restrictions on Fundamental
Changes. 
 (a) Enter into any merger, consolidation, reorganization, or recapitalization, or reclassify its Stock;
provided, however, that Parent may reorganize its tissue and products lines into separate lines of business, 
 (b) Liquidate,
wind up, or dissolve itself (or suffer any liquidation or dissolution), 
 (c) Convey, sell, lease, license, assign, transfer,
or otherwise dispose of, in one transaction or a series of transactions, all or any substantial part of its assets, 
 (d)
Suspend or go out of a substantial portion of its or their business; provided, however, that Parent may elect to sell or discontinue its tissue line of business upon the prior written consent of Lender, 
 (e) Create or acquire any Subsidiary; provided, however, that Borrowers may create any wholly owned United States domestic Subsidiary so
long as Borrowers and such Subsidiary comply with Section 5.16. 
  

 20 

 6.4 Disposal of Assets. Other than Permitted Dispositions, convey, sell, lease, license,
assign, transfer, or otherwise dispose of any of the assets of any Borrower or any Subsidiary of a Borrower. 
 6.5 Change Name.
Change any Borrower’s or any of its Subsidiaries’ name, organizational identification number, state of organization, or organizational identity; provided, however, that a Borrower or a Subsidiary of a Borrower may change
its name upon at least 30 days prior written notice by Administrative Borrower to Lender of such change and so long as, at the time of such written notification, such Borrower or such Subsidiary provides any financing statements necessary to perfect
and continue perfected the Lender’s Liens. 
 6.6 Nature of Business. Make any change in the principal nature of their
business other than changes that are reasonable extensions of their business as of the Closing Date. 
 6.7 Prepayments and
Amendments. Except in connection with a refinancing permitted by Section 6.1(e), 
 (a) optionally prepay,
redeem, defease, purchase, or otherwise acquire any Indebtedness of any Borrower or any Subsidiary of a Borrower, other than the Obligations in accordance with this Agreement, and on the Closing Date Borrower may prepay certain Capitalized Lease
Obligations described on Schedule 6.7, 
 (b) make any payment on account of Indebtedness that has been contractually
subordinated in right of payment if such payment is not permitted at such time under the subordination terms and conditions, or 
 (c) directly or indirectly, amend, modify, alter, increase, or change any of the terms or conditions of any agreement, instrument, document, indenture, or other writing evidencing or concerning Indebtedness permitted under
Section 6.1(b) or (c). 
 6.8 Change of Control. Cause, permit, or suffer, directly or indirectly, any
Change of Control. 
 6.9 Consignments. Except for Inventory with an aggregate market value of less than $500,000, consign any
of their Inventory or sell any of their Inventory on bill and hold, sale or return, sale on approval, or other conditional terms of sale. 
 6.10 Distributions. Other than (a) distributions or declaration and payment of dividends by a Borrower or a Subsidiary of a Borrower to a Borrower or (b) so long as Excess Availability plus Qualified Cash exceeds
$7,500,000, declaration and payment of dividends by Parent on any of its preferred stock (whether currently outstanding or hereafter issued), make any distribution or declare or pay any dividends (in cash or other property, other than common Stock)
on, or purchase, acquire, redeem, or retire any of any Borrower’s Stock, of any class, whether now or hereafter outstanding. 
 6.11
Accounting Methods. Modify or change their fiscal year or their method of accounting (other than as may be required to conform to GAAP) or enter into, modify, or terminate any agreement currently existing, or at any time hereafter
entered into with any third party accounting firm or service bureau for the preparation or storage of Borrowers’ or their Subsidiaries’ accounting records without said accounting firm or service bureau agreeing to provide Lender
information regarding Borrowers’ and their Subsidiaries’ financial condition; provided, however, that Borrowers and their Subsidiaries shall be entitled to change their accounting firm to the extent required pursuant to any
settlement agreement entered into in connection with any litigation matter referred to on Schedule 4.10 or as required by an order of a court of competent jurisdiction. 
  

 21 

 6.12 Investments. Except for Permitted Investments, directly or indirectly, make or acquire
any Investment, or incur any liabilities (including contingent obligations) for or in connection with any Investment; provided, however, that Administrative Borrower and its Subsidiaries shall not have Permitted Investments in Deposit
Accounts or Securities Accounts at any time unless either (a) Administrative Borrower or its Subsidiary, as applicable, and the applicable securities intermediary or bank have entered into Control Agreements governing such Permitted Investments
in order to perfect (and further establish) the Lender’s Liens in such Permitted Investments or (b) such Deposit Accounts or Securities Accounts are Excluded Accounts. Subject to the foregoing proviso, Borrowers shall not and shall not
permit their Subsidiaries to establish or maintain any Deposit Account or Securities Account unless Lender shall have received a Control Agreement in respect of such Deposit Account or Securities Account. 
 6.13 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any transaction with any Affiliate of any Borrower
except for transactions that (a) are in the ordinary course of Borrowers’ business, (b) are upon fair and reasonable terms, (c) if they involve one or more payments by any Borrower or any of its Subsidiaries in excess of
$5,000,000, are fully disclosed to Lender, and (d) are no less favorable to Borrowers or their respective Subsidiaries, as applicable, than would be obtained in an arm’s length transaction with a non-Affiliate. 
 6.14 Use of Proceeds. Use the proceeds of the Advances for any purpose other than (a) on the Closing Date, to pay transactional fees,
costs, and expenses incurred in connection with this Agreement, the other Loan Documents, and the transactions contemplated hereby and thereby, and (b) thereafter, consistent with the terms and conditions hereof, for its lawful and permitted
purposes. 
 6.15 Inventory and Equipment with Bailees. Store the Inventory or Equipment of Borrowers or their Subsidiaries at
any time now or hereafter with a bailee, warehouseman, or similar party, provided, however, that (i) Borrowers and their Subsidiaries may store Inventory from their BioGlue Product Line in hospitals that use such products in the
ordinary course of business so long as such products are segregated from Inventory owned by such hospitals and so long as such products are clearly marked as property of Borrowers and their Subsidiaries and (ii) Borrowers and their Subsidiaries
may store Inventory at leased or bailee locations so long as a Collateral Access Agreement with respect to each such location (other than leased or bailee locations that in the aggregate do not have in excess of $500,000 of Inventory located there
at any time) is delivered to Lender. 
 6.16 Financial Covenants. 
 With respect to any period ending as of the last day of any quarter, fail to maintain or achieve either: 
 (a) average Excess Availability plus Qualified Cash of at least $12,500,000 for the quarter then ended, or 
 (b) each of the following: 
 (i) EBITDA, measured on a quarter-end basis, of at least the
required amount set forth in the following table for the applicable period set forth opposite thereto: 
  

			
	 Applicable Amount
	  	 Applicable Period

	($12,500,000)	  	For the 12 month period ending March 31, 2005
	($11,000,000)	  	For the 12 month period ending June 30, 2005

  

 22 

			
	($5,000,000)	  	For the 12 month period ending September 30, 2005
	$770,000	  	For the 12 month period ending December 31, 2005
	The greater of $770,000 or
80% of the
EBITDA
projected by Borrowers for
such period as set forth in
the most recently delivered
Projections approved by
Lender	  	For the 12 month period ending on each fiscal quarter end thereafter

 (ii) a BioGlue Gross Margin, measured on a fiscal quarter-end basis for the
immediately preceding 12 month period, of at least 70%, and 
 (iii) Excess Availability plus Qualified Cash, as of any date,
of at least $5,000,000. 
  

	7.	EVENTS OF DEFAULT. 

 Any one or more of the
following events shall constitute an event of default (each, an “Event of Default”) under this Agreement: 
 7.1 If
Borrowers fail to pay when due and payable, or when declared due and payable, (a) all or any portion of the Obligations consisting of interest, fees, or charges due Lender, reimbursement of Lender Expenses, or other amounts (other than any
portion thereof constituting principal) constituting Obligations (including any portion thereof that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such
Insolvency Proceeding), and such failure continues for a period of 3 Business Days, or (b) all or any portion of the principal of the Obligations); 
 7.2 If any Borrower or any Subsidiary of any Borrower 
 (a) fails to perform or observe any
covenant or other agreement contained in any of Sections 2.7, 5.2, 5.3, 5.5, 5.8, 5.12, 5.14, 5.16, and 6.1 through 6.16 of this Agreement; 
 (b) fails to perform or observe any covenant or other agreement contained in any of Sections 5.6, 5.7, 5.9,
5.10, 5.11, and 5.15 of this Agreement and such failure continues for a period of 10 days after the earlier of (i) the date on which such failure shall first become known to any officer of any Borrower or (ii) written
notice thereof is given to Administrative Borrower by Lender; or 
 (c) fails to perform or observe any covenant or other
agreement contained in such Agreement, or in any of the other Loan Documents; in each case, other than any such covenant or agreement that is the subject of another provision of this Section 7 (in which event such other provision of this
Section 7 shall govern), and such failure continues for a period of 20 days after the earlier of (i) the date on which such failure shall first become known to any officer of any Borrower or (ii) written notice thereof is given
to Administrative Borrower by Lender; 
 7.3 If any material portion of any Borrower’s or any of its Subsidiaries’ assets is
attached, seized, subjected to a writ or distress warrant, or is levied upon, or comes into the possession of any third Person and 

  

 23 

 
the same is not discharged before the earlier of 30 days after the date it first arises or 5 days prior to the date on which such property or asset is
subject to forfeiture by such Borrower or the applicable Subsidiary; 
 7.4 If an Insolvency Proceeding is commenced by any Borrower or any
Subsidiary of a Borrower; 
 7.5 If an Insolvency Proceeding is commenced against any Borrower or any Subsidiary of a Borrower, and any of
the following events occur: (a) the applicable Borrower or such Subsidiary consents to the institution of such Insolvency Proceeding against it, (b) the petition commencing the Insolvency Proceeding is not timely controverted, (c) the
petition commencing the Insolvency Proceeding is not dismissed within 60 calendar days of the date of the filing thereof; (d) an interim trustee is appointed to take possession of all or any substantial portion of the properties or assets of,
or to operate all or any substantial portion of the business of, any Borrower or any Subsidiary of a Borrower, or (e) an order for relief shall have been issued or entered therein; 
 7.6 If any Borrower or any Subsidiary of a Borrower is enjoined, restrained, or in any way prevented by court order from continuing to conduct all or any
material part of its business affairs; 
 7.7 If one or more judgments or other claims involving an aggregate amount of $1,000,000, or more
(except to the extent covered by insurance pursuant to which the insurer has accepted liability therefor in writing) shall be entered or filed against (or, in the case of a settlement claim, entered into by) any Borrower or any Subsidiary of any
Borrower or with respect to any of their respective assets, and (except in the case of a settlement) the same is not released, discharged, bonded against, or stayed pending appeal before the earlier of 30 days after the date it first arises or 5
days prior to the date on which such asset is subject to being forfeited by the applicable Borrower or the applicable Subsidiary; 
 7.8 If
there is a default in one or more agreements to which any Borrower or any Subsidiary of a Borrower is a party with one or more third Persons relative to Indebtedness of any Borrower or any Subsidiary of any Borrower involving an aggregate amount of
$1,000,000 or more, and such default (i) occurs at the final maturity of the obligations thereunder, or (ii) results in a right by such third Person(s), irrespective of whether exercised, to accelerate the maturity of the applicable
Borrower’s or Subsidiary’s obligations thereunder; 
 7.9 If any warranty, representation, statement, or Record made herein or in
any other Loan Document or delivered to Lender in connection with this Agreement or any other Loan Document proves to be untrue in any material respect as of the date of issuance or making or deemed making thereof; 
 7.10 If the obligation of any Guarantor under the Guaranty is limited or terminated by operation of law or by such Guarantor; 
 7.11 If the Security Agreement or any other Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and
perfected and, except to the extent permitted by the terms hereof or thereof, first priority Lien on or security interest in the Collateral covered hereby or thereby, except as a result of a disposition of the applicable Collateral in a transaction
permitted under this Agreement; or 
 7.12 Any provision of any Loan Document shall at any time for any reason be declared to be null and
void, or the validity or enforceability thereof shall be contested by any Borrower or any Subsidiary of a Borrower, or a proceeding shall be commenced by any Borrower or any Subsidiary of a Borrower, or by any Governmental Authority having
jurisdiction over any Borrower or any Subsidiary of a Borrower, seeking to establish the invalidity or unenforceability thereof, or any Borrower or any Subsidiary of a Borrower shall deny that it has any liability or obligation purported to be
created under any Loan Document. 
  

 24 

	8.	LENDER’S RIGHTS AND REMEDIES. 

 8.1
Rights and Remedies. Upon the occurrence, and during the continuation, of an Event of Default, Lender (at its election but without notice of its election and without demand) may do any one or more of the following, all of which are
authorized by Borrowers: 
 (a) Declare all or any portion of the Obligations, whether evidenced by this Agreement, by any of
the other Loan Documents, or otherwise, immediately due and payable; 
 (b) Cease advancing money or extending credit to or
for the benefit of Borrowers under this Agreement, under any of the Loan Documents, or under any other agreement between Borrowers and Lender; 
 (c) Terminate this Agreement and any of the other Loan Documents as to any future liability or obligation of Lender, but without affecting any of the Lender’s Liens in the Collateral and without affecting the
Obligations; and 
 (d) Lender shall have all other rights and remedies available at law or in equity or pursuant to any other
Loan Document. 
 The foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default described in Section 7.4 or
Section 7.5, in addition to the remedies set forth above, without any notice to Borrowers or any other Person or any act by Lender, Lender’s obligation to extend credit hereunder shall terminate and the Obligations then outstanding,
together with all accrued and unpaid interest thereon, and all fees and all other amounts due under this Agreement and the other Loan Documents, shall automatically and immediately become due and payable, without presentment, demand, protest, or
notice of any kind, all of which are expressly waived by Borrowers. 
 8.2 Remedies Cumulative. The rights and remedies of
Lender under this Agreement, the other Loan Documents, and all other agreements shall be cumulative. Lender shall have all other rights and remedies not inconsistent herewith as provided under the Code, by law, or in equity. No exercise by Lender of
one right or remedy shall be deemed an election, and no waiver by Lender of any Event of Default shall be deemed a continuing waiver. No delay by Lender shall constitute a waiver, election, or acquiescence by it. 
 8.3 Bank Product Providers. Each Bank Product Provider shall be deemed a party hereto for purposes of any reference in any Loan Document
with respect to the Bank Product Providers or the Bank Product Obligations; it being understood and agreed that the rights and benefits of such Bank Product Provider under the Loan Documents consist exclusively of such Bank Provider’s right to
share in payments and collections out of the Collateral as more fully set forth herein. In connection with any such distribution of payments and collections, Lender shall be entitled to assume no amounts are due to any Bank Product Provider unless
such Bank Product Provider has notified Lender in writing of the amount of any such liability owed to it prior to such distribution. 
  

	9.	TAXES AND EXPENSES. 

 If any Borrower fails to pay
any monies (whether taxes, assessments, insurance premiums, or, in the case of leased properties or assets, rents or other amounts payable under such leases) due to third Persons, or fails to make any deposits or furnish any required proof of
payment or deposit, all as required under the terms of this Agreement, then, Lender, in its sole discretion and without prior notice to any Borrower, may do any or all of the following: (a) make payment of the same or any part thereof,
(b) set up such reserves against the Borrowing Base or the Maximum Revolver Amount as Lender deems necessary to protect Lender from the exposure created by such failure, or (c) in the case of the failure to comply with
Section 5.8 hereof, obtain and maintain insurance policies of the type described in Section 5.8 and take any 

  

 25 

 
action with respect to such policies as Lender deems prudent. Any such amounts paid by Lender shall constitute Lender Expenses and any such payments shall
not constitute an agreement by Lender to make similar payments in the future or a waiver by Lender of any Event of Default under this Agreement. Lender need not inquire as to, or contest the validity of, any such expense, tax, or Lien and the
receipt of the usual official notice for the payment thereof shall be conclusive evidence that the same was validly due and owing. 
  

	10.	WAIVERS; INDEMNIFICATION. 

 10.1 Demand;
Protest; etc. Each Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, nonpayment at maturity, release, compromise, settlement, extension, or renewal of documents, instruments,
chattel paper, and guarantees at any time held by Lender on which any such Borrower may in any way be liable. 
 10.2 Lender’s
Liability for Borrower Collateral. Each Borrower hereby agrees that: (a) so long as Lender complies with its obligations, if any, under the Code, Lender shall not in any way or manner be liable or responsible for: (i) the
safekeeping of the Borrower Collateral, (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or (iv) any act or default of any carrier, warehouseman,
bailee, forwarding agency, or other Person, and (b) all risk of loss, damage, or destruction of the Borrower Collateral shall be borne by Borrowers. 
 10.3 Indemnification. Each Borrower shall pay, indemnify, defend, and hold the Lender-Related Persons and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent
permitted by law) from and against any and all claims, demands, suits, actions, investigations, proceedings, and damages, and all reasonable attorneys fees and disbursements and other costs and expenses actually incurred in connection therewith or
in connection with the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any of them (a) in connection with or as a result
of or related to the execution, delivery, enforcement, performance, or administration (including any restructuring or workout with respect hereto) of this Agreement, any of the other Loan Documents, or the transactions contemplated hereby or thereby
or the monitoring of Borrowers’ and their Subsidiaries’ compliance with the terms of the Loan Documents, and (b) with respect to any investigation, litigation, or proceeding related to this Agreement, any other Loan Document, or the
use of the proceeds of the credit provided hereunder (irrespective of whether any Indemnified Person is a party thereto), or any act, omission, event, or circumstance in any manner related thereto (all the foregoing, collectively, the
“Indemnified Liabilities”). The foregoing to the contrary notwithstanding, Borrowers shall have no obligation to any Indemnified Person under this Section 10.3 with respect to any Indemnified Liability that a court of
competent jurisdiction finally determines to have resulted from the gross negligence or willful misconduct of such Indemnified Person. This provision shall survive the termination of this Agreement and the repayment of the Obligations. If any
Indemnified Person makes any payment to any other Indemnified Person with respect to an Indemnified Liability as to which Borrowers were required to indemnify the Indemnified Person receiving such payment, the Indemnified Person making such payment
is entitled to be indemnified and reimbursed by Borrowers with respect thereto. WITHOUT LIMITATION, THE FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART ARE CAUSED BY OR
ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON. 
  

	11.	NOTICES. 

 Unless otherwise provided in this
Agreement, all notices or demands by Borrowers or Lender to the other relating to this Agreement or any other Loan Document shall be in writing and (except for financial statements and other informational documents which may be sent by first-class
mail, postage prepaid) shall be personally delivered or sent by registered or certified mail (postage prepaid, return receipt requested), 

  

 26 

 
overnight courier or telefacsimile to Borrowers in care of Administrative Borrower or to Lender, as the case may be, at its address set forth below:

  

			
	 If to Administrative Borrower:
	  	CRYOLIFE, INC.
		  	 1655 Roberts Boulevard N.W. Kennesaw, GA 30144
 Attn: Mr. D. Ashley Lee
 Fax No.: (770) 419-3355

		
	 with copies to:
	  	 ARNALL GOLDEN GREGORY LLP
 171 17th
Street
 Suite 2100
 Atlanta, Georgia 30363-1031
 Attn: Sherman A. Cohen, Esq.
 Fax No.: (404) 873-8631

		
	 If to Lender:
	  	 WELLS FARGO FOOTHILL, INC.
 1000 Abernathy Road, N.E., Suite 1450
 Atlanta, GA 30328
 Attn: Business Finance Division Manager
 Fax No.: 770 – 508-1374

		
	 with a copy to:
	  	 FOOTHILL CAPITAL CORPORATION
 2450 Colorado
Avenue, Suite 3000 West
 Santa Monica, CA 90404
 Attn: Business
Finance Division Manager
 Fax No.: 310 – 453-7442

		
	 with copies to:
	  	 PAUL, HASTINGS, JANOFSKY & WALKER LLP
 600 Peachtree Street, NE, Suite 2400
 Atlanta, GA 30308 Attn: Chris D. Molen, Esq.
 Fax No.: 404 – 815-2424

 Lender and Borrowers may change the address at which they are to receive notices hereunder, by
notice in writing in the foregoing manner given to the other party. All notices or demands sent in accordance with this Section 11, other than notices by Lender in connection with enforcement rights against the Borrower Collateral under
the provisions of the Code, shall be deemed received on the earlier of the date of actual receipt or 3 Business Days after the deposit thereof in the mail. Each Borrower acknowledges and agrees that notices sent by Lender in connection with the
exercise of enforcement rights against Borrower Collateral under the provisions of the Code shall be deemed sent when deposited in the mail or personally delivered, or, where permitted by law, transmitted by telefacsimile or any other method set
forth above. 
  

	12.	CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER. 

 (a) THE VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF
AND THEREOF, AND THE RIGHTS OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO SHALL BE 

  

 27 

 
DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF GEORGIA. 
 (b) THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF FULTON, STATE OF GEORGIA, PROVIDED, HOWEVER, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL
OR OTHER PROPERTY MAY BE BROUGHT, AT LENDER’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE LENDER ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. BORROWERS AND LENDER WAIVE, TO THE EXTENT PERMITTED UNDER
APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 12(b). 
 (c) BORROWERS AND LENDER HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. BORROWERS AND LENDER REPRESENT THAT EACH HAS
REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

  

	13.	ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS. 

 13.1
Assignments and Participations. 
 (a) Lender may assign and delegate to one or more assignees (each an
“Assignee”) that are Eligible Transferees all, or any ratable part of all, of the Obligations and the other rights and obligations of Lender hereunder and under the other Loan Documents, in a minimum amount of $5,000,000;
provided, however, that Borrowers may continue to deal solely and directly with Lender in connection with the interest so assigned to an Assignee until (i) written notice of such assignment, together with payment instructions,
addresses, and related information with respect to the Assignee, have been given to Administrative Borrower by Lender and the Assignee, and (ii) Lender and its Assignee have delivered to Administrative Borrower an Assignment and Acceptance.
Anything contained herein to the contrary notwithstanding, the Assignee need not be an Eligible Transferee if such assignment is in connection with any merger, consolidation, sale, transfer, or other disposition of all or any substantial portion of
the business or loan portfolio of the assigning Lender. 
 (b) From and after the date that Lender provides Administrative
Borrower with such written notice and an executed Assignment and Acceptance, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and
Acceptance, shall have the rights and obligations of Lender under the Loan Documents, and (ii) Lender shall, to the extent that rights and obligations hereunder and under the other Loan Documents have been assigned by it pursuant to such
Assignment and Acceptance, relinquish its rights (except with respect to Section 10.3 hereof) and be released from any future obligations under this Agreement (and in the case of an Assignment and Acceptance covering all or the remaining
portion of an assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, Lender shall cease to be a party hereto and thereto), and such assignment shall effect a novation between Borrowers and the Assignee;
provided, 

  

 28 

 
however, that nothing contained herein shall release Lender from obligations that survive the termination of this Agreement, including such assigning
Lender’s obligations under Article 15 of this Agreement. 
 (c) By executing and delivering an Assignment and
Acceptance, the assigning Lender thereunder and the Assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (1) other than as provided in such Assignment and Acceptance, such assigning Lender makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement or any other Loan Document furnished pursuant hereto, (2) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower or the performance
or observance by any Borrower of any of its obligations under this Agreement or any other Loan Document furnished pursuant hereto, (3) such Assignee confirms that it has received a copy of this Agreement, together with such other documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance, (4) such Assignee will, independently and without reliance upon such assigning Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement, and (5) such Assignee agrees that it will perform all of the obligations which by
the terms of this Agreement are required to be performed by it as a Lender. 
 (d) Immediately upon Borrower’s receipt of
the fully executed Assignment and Acceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the rights and duties of Lender
arising therefrom. 
 (e) Lender may at any time sell to one or more commercial banks, financial institutions, or other
Persons (a “Participant”) participating interests in Obligations and the other rights and interests of Lender hereunder and under the other Loan Documents; provided, however, that (i) Lender shall remain the
“Lender” for all purposes of this Agreement and the other Loan Documents and the Participant receiving the participating interest in the Obligations and the other rights and interests of Lender hereunder shall not constitute a
“Lender” hereunder or under the other Loan Documents and Lender’s obligations under this Agreement shall remain unchanged, (ii) Lender shall remain solely responsible for the performance of such obligations, (iii) Borrowers
and Lender shall continue to deal solely and directly with each other in connection with Lender’s rights and obligations under this Agreement and the other Loan Documents, (iv) Lender shall not transfer or grant any participating interest
under which the Participant has the right to approve any amendment to, or any consent or waiver with respect to, this Agreement or any other Loan Document, except to the extent such amendment to, or consent or waiver with respect to this Agreement
or of any other Loan Document would (A) extend the final maturity date of the Obligations hereunder in which such Participant is participating, (B) reduce the interest rate applicable to the Obligations hereunder in which such Participant
is participating, (C) release all or substantially all of the Collateral or guaranties (except to the extent expressly provided herein or in any of the Loan Documents) supporting the Obligations hereunder in which such Participant is
participating, (D) postpone the payment of, or reduce the amount of, the interest or fees payable to such Participant through Lender, or (E) change the amount or due dates of scheduled principal repayments or prepayments or premiums, and
(v) all amounts payable by Borrowers hereunder shall be determined as if Lender had not sold such participation, except that, if amounts outstanding under this Agreement are due and unpaid, or shall have been declared or shall have become due
and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of set off in respect of its participating interest in amounts owing under this Agreement to the same extent as if the amount of its
participating interest were owing directly to it as a Lender under this Agreement. The rights of any Participant only shall be derivative through Lender and no Participant shall have any rights under this Agreement or the other Loan Documents or any
direct rights as to Borrowers, the Collections of Borrowers or their Subsidiaries, the Collateral, or otherwise in respect of the Obligations. No Participant shall have the right to participate directly in the making of decisions by Lender.

  

 29 

 (f) In connection with any such assignment or participation or proposed assignment or
participation, a Lender may, subject to the provisions of Section 15.8, disclose all documents and information which it now or hereafter may have relating to Borrowers and their Subsidiaries and their respective businesses. 

(g) Any other provision in this Agreement notwithstanding, Lender may at any time create a security interest in, or pledge, all or any
portion of its rights under and interest in this Agreement in favor of any Federal Reserve Bank in accordance with Regulation A of the Federal Reserve Bank or U.S. Treasury Regulation 31 CFR § 203.24, and such Federal Reserve Bank may enforce
such pledge or security interest in any manner permitted under applicable law. 
 13.2 Successors. This Agreement shall bind
and inure to the benefit of the respective successors and assigns of each of the parties; provided, however, that Borrowers may not assign this Agreement or any rights or duties hereunder without Lender’s prior written consent and
any prohibited assignment shall be absolutely void ab initio. No consent to assignment by Lender shall release any Borrower from its Obligations. Lender may assign this Agreement and the other Loan Documents and its rights and duties
hereunder and thereunder pursuant to Section 13.1 hereof and, except as expressly required pursuant to Section 13.1 hereof, no consent or approval by any Borrower is required in connection with any such assignment.

  

	14.	AMENDMENTS; WAIVERS. 

 14.1 Amendments and
Waivers. No amendment or waiver of any provision of this Agreement or any other Loan Document (other than Bank Product Agreements), and no consent with respect to any departure by Borrowers therefrom, shall be effective unless the same shall
be in writing and signed by Lender and Administrative Borrower (on behalf of all Borrowers) and then any such waiver or consent shall be effective, but only in the specific instance and for the specific purpose for which given. 
 14.2 No Waivers; Cumulative Remedies. No failure by Lender to exercise any right, remedy, or option under this Agreement or any other Loan
Document, or delay by Lender in exercising the same, will operate as a waiver thereof. No waiver by Lender will be effective unless it is in writing, and then only to the extent specifically stated. No waiver by Lender on any occasion shall affect
or diminish Lender’s rights thereafter to require strict performance by Borrowers of any provision of this Agreement. Lender’s rights under this Agreement and the other Loan Documents will be cumulative and not exclusive of any other right
or remedy that Lender may have. 
  

	15.	GENERAL PROVISIONS. 

 15.1 Effectiveness.
This Agreement shall be binding and deemed effective when executed by Borrowers and Lender. 
 15.2 Section Headings.
Headings and numbers have been set forth herein for convenience only. Unless the contrary is compelled by the context, everything contained in each Section applies equally to this entire Agreement. 
 15.3 Interpretation. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against Lender or Borrowers, whether
under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to accomplish fairly the purposes and
intentions of all parties hereto. 
 15.4 Severability of Provisions. Each provision of this Agreement shall be severable from
every other provision of this Agreement for the purpose of determining the legal enforceability of any specific provision. 
  

 30 

 15.5 Withholding Taxes. All payments made by any Borrower hereunder or under any note or
other Loan Document will be made without setoff, counterclaim, or other defense. In addition, all such payments will be made free and clear of, and without deduction or withholding for, any present or future Taxes, and in the event any deduction or
withholding of Taxes is required, each Borrower shall comply with the penultimate sentence of this Section 15.5. “Taxes” shall mean, any taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now
or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein with respect to such payments (but excluding any tax imposed by any jurisdiction or by any political subdivision or taxing authority
thereof or therein measured by or based on the net income or net profits of Lender) and all interest, penalties or similar liabilities with respect thereto. If any Taxes are so levied or imposed, each Borrower agrees to pay the full amount of such
Taxes and such additional amounts as may be necessary so that every payment of all amounts due under this Agreement, any note, or Loan Document, including any amount paid pursuant to this Section 15.5 after withholding or deduction for
or on account of any Taxes, will not be less than the amount provided for herein; provided, however, that Borrowers shall not be required to increase any such amounts if the increase in such amount payable results from Lender’s own willful
misconduct or gross negligence (as finally determined by a court of competent jurisdiction). Each Borrower will furnish to Lender as promptly as possible after the date the payment of any Tax is due pursuant to applicable law certified copies of tax
receipts evidencing such payment by any Borrower. 
 15.6 Counterparts; Electronic Execution. This Agreement may be executed in
any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement.
Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an executed
counterpart of this Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis. 
 15.7 Revival and Reinstatement of Obligations. If the incurrence or payment of the Obligations by any Borrower or Guarantor or the transfer to Lender of any property should for any reason subsequently be declared to be void or
voidable under any state or federal law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent conveyances, preferences, or other voidable or recoverable payments of money or transfers of property
(collectively, a “Voidable Transfer”), and if Lender is required to repay or restore, in whole or in part, any such Voidable Transfer, or elects to do so upon the reasonable advice of its counsel, then, as to any such Voidable
Transfer, or the amount thereof that Lender is required or elects to repay or restore, and as to all reasonable costs, expenses, and attorneys fees of Lender related thereto, the liability of Borrowers or Guarantor automatically shall be revived,
reinstated, and restored and shall exist as though such Voidable Transfer had never been made. 
 15.8 Confidentiality. Lender
agrees that material, non-public information regarding Borrowers and their Subsidiaries, their operations, assets, and existing and contemplated business plans shall be treated by Lender in a confidential manner, and shall not be disclosed by Lender
to Persons who are not parties to this Agreement, except: (a) to attorneys for and other advisors, accountants, auditors, and consultants to any member of Lender, (b) to Subsidiaries and Affiliates of Lender (including the Bank Product
Providers), provided that any such Subsidiary or Affiliate shall have agreed to receive such information hereunder subject to the terms of this Section 15.8, (c) as may be required by statute, decision, or judicial or administrative
order, rule, or regulation, (d) as may be agreed to in advance by Administrative Borrower or its Subsidiaries or as requested or required by any Governmental Authority pursuant to any subpoena or other legal process, (e) as to any such
information that is or becomes generally available to the public (other than as a result of prohibited disclosure by Lender), (f) in connection with any assignment, prospective assignment, sale, prospective sale, participation or prospective
participations, or pledge or prospective pledge of Lender’s interest under this Agreement, provided that any such assignee, prospective assignee, purchaser, prospective purchaser, 

  

 31 

 
participant, prospective participant, pledgee, or prospective pledgee shall have agreed in writing to receive such information hereunder subject to the terms
of this Section, and (g) in connection with any litigation or other adversary proceeding involving parties hereto which such litigation or adversary proceeding involves claims related to the rights or duties of such parties under this Agreement
or the other Loan Documents. The provisions of this Section 15.8 shall survive for 2 years after the payment in full of the Obligations. 
 15.9 Integration. This Agreement, together with the other Loan Documents, reflects the entire understanding of the parties with respect to the transactions contemplated hereby and shall not be
contradicted or qualified by any other agreement, oral or written, before the date hereof. 
 15.10 Parent as Agent for Borrowers.
Each Borrower hereby irrevocably appoints Parent as the borrowing agent and attorney-in-fact for all Borrowers (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until Lender shall have
received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower. Each Borrower hereby irrevocably appoints and authorizes the Administrative Borrower
(i) to provide Lender with all notices with respect to Advances and Letters of Credit obtained for the benefit of any Borrower and all other notices and instructions under this Agreement and (ii) to take such action as the Administrative
Borrower deems appropriate on its behalf to obtain Advances and Letters of Credit and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement. It is understood that the handling of the Loan
Account and Collateral of Borrowers in a combined fashion, as more fully set forth herein, is done solely as an accommodation to Borrowers in order to utilize the collective borrowing powers of Borrowers in the most efficient and economical manner
and at their request, and that Lender shall not incur liability to any Borrower as a result hereof. Each Borrower expects to derive benefit, directly or indirectly, from the handling of the Loan Account and the Collateral in a combined fashion since
the successful operation of each Borrower is dependent on the continued successful performance of the integrated group. To induce Lender to do so, and in consideration thereof, each Borrower hereby jointly and severally agrees to indemnify Lender
harmless against any and all liability, expense, loss or claim of damage or injury, made against Lender by any Borrower or by any third party whosoever, arising from or incurred by reason of (a) the handling of the Loan Account and Collateral
of Borrowers as herein provided, (b) Lender’s relying on any instructions of the Administrative Borrower, or (c) any other action taken by Lender hereunder or under the other Loan Documents, except that Borrowers will have no
liability to any Lender-Related Person under this Section 15.10 with respect to any liability that has been finally determined by a court of competent jurisdiction to have resulted solely from the gross negligence or willful misconduct
of such Lender-Related Person. 
 [Signature pages to follow.] 
  

 32 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as
of the date first above written. 
  

			
	CRYOLIFE, INC.,
	a Florida corporation, as Borrower
		
	By:	 	/s/
	Title:	 	/s/
	
	CRYOLIFE TECHNOLOGY, INC.,
	a Nevada corporation, as Borrower
		
	By:	 	/s/
	Title:	 	/s/
	
	AURAZYME PHARMACEUTICALS, INC.,
	a Florida corporation, as Borrower
		
	By:	 	/s/
	Title:	 	/s/
	
	WELLS FARGO FOOTHILL, INC.,
	a California corporation, as Lender
		
	By:	 	/s/
	Title:	 	/s/

 Schedule 1.1 
 As used in the Agreement, the following terms shall have the following definitions: 
 “Account” means an account (as that term is defined in the Code). 
 “Account Debtor” means any
Person who is obligated on an Account, chattel paper, or a general intangible. 
 “ACH Transactions” means any cash
management or related services (including the Automated Clearing House processing of electronic fund transfers through the direct Federal Reserve Fedline system) provided by a Bank Product Provider for the account of Administrative Borrower or its
Subsidiaries. 
 “Administrative Borrower” has the meaning specified therefor in Section 15.10. 
 “Advances” has the meaning specified therefor in Section 2.1(a). 
 “Affiliate” means, as applied to any Person, any other Person who controls, is controlled by, or is under common control with, such
Person. For purposes of this definition, “control” means the possession, directly or indirectly through one or more intermediaries, of the power to direct the management and policies of a Person, whether through the ownership of Stock, by
contract, or otherwise. 
 “Agreement” means the Credit Agreement to which this Schedule 1.1 is attached. 

“Assignee” has the meaning specified therefor in Section 13.1(a). 
 “Assignment and Acceptance” means an Assignment and Acceptance Agreement substantially in the form of Exhibit A-1. 
 “Authorized Person” means any officer or employee of Administrative Borrower. 
 “Availability” means, as of any date of determination, the amount that Borrowers are entitled to borrow as Advances hereunder (after
giving effect to all then outstanding Obligations (other than Bank Product Obligations) and all sublimits and reserves then applicable hereunder). 
 “Bank Product” means any financial accommodation extended to Administrative Borrower or its Subsidiaries by a Bank Product Provider (other than pursuant to the Agreement) including: (a) credit cards, (b) credit
card processing services, (c) debit cards, (d) purchase cards, (e) ACH Transactions, (f) cash management, including controlled disbursement, accounts or services, or (g) transactions under Hedge Agreements. 
 “Bank Product Agreements” means those agreements entered into from time to time by Administrative Borrower or its Subsidiaries with a
Bank Product Provider in connection with the obtaining of any of the Bank Products. 
 “Bank Product Obligations” means all
obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by Administrative Borrower or its Subsidiaries to any Bank Product Provider pursuant to or evidenced by the Bank Product Agreements and irrespective of whether
for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including all such amounts that Administrative Borrower or its Subsidiaries are obligated to reimburse to
Lender as a result of Lender 

  

 Schedule 1.1, Page 1 

 
purchasing participations from, or executing indemnities or reimbursement obligations to, a Bank Product Provider with respect to the Bank Products provided
by such Bank Product Provider to Administrative Borrower or its Subsidiaries. 
 “Bank Product Provider” means Wells Fargo
or any of its Affiliates. 
 “Bank Product Reserve” means, as of any date of determination, the amount of reserves that
Lender has established (based upon the Bank Product Providers’ reasonable determination of the credit exposure of Administrative Borrower and its Subsidiaries in respect of Bank Products) in respect of Bank Products then provided or
outstanding. 
 “Bankruptcy Code” means title 11 of the United States Code, as in effect from time to time. 
 “Base Rate” means, the rate of interest announced, from time to time, within Wells Fargo at its principal office in San Francisco as its
“prime rate”, with the understanding that the “prime rate” is one of Wells Fargo’s base rates (not necessarily the lowest of such rates) and serves as the basis upon which effective rates of interest are calculated for those
loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as Wells Fargo may designate. 
 “Base Rate Margin” means 1 percentage point. 
 “Benefit Plan” means a
“defined benefit plan” (as defined in Section 3(35) of ERISA) for which any Borrower or any Subsidiary or ERISA Affiliate of any Borrower has been an “employer” (as defined in Section 3(5) of ERISA) within the past six
years. 
 “BioGlue Gross Margin” means, with respect to any period, the ratio (expressed as a percentage) of Borrowers’
and its Subsidiaries’ consolidated (a) gross revenues (net of allowances, discounts, returns and rebates) less cost of goods sold in respect of its BioGlue Product Line, to (b) the gross revenues (net of allowances, discounts, returns
and rebates) in respect of its BioGlue Product Line. 
 “BioGlue Product Line” means Borrowers’ two-component surgical
adhesive product line that is dispersed via a controlled delivery system and crosslinks to the repair site creating a flexible mechanical seal independently of the body’s clotting mechanism. 
 “Board of Directors” means the board of directors (or comparable managers) of Parent or any committee thereof duly authorized to act on
behalf of the board of directors (or comparable managers). 
 “Borrower” and “Borrowers” have the
respective meanings specified therefor in the preamble to the Agreement. 
 “Borrowing” means a borrowing hereunder
consisting of Advances made on the same day by Lender. 
 “Borrowing Base” means, as of any date of determination, the
result of: 
 (a) 20% of the amount of the Enterprise Valuation, minus 
 (b) the sum of (i) the Bank Product Reserve and (ii) the aggregate amount of reserves, if any, established by Lender under
Section 2.1(b). 
  

 Schedule 1.1, Page 2 

 “Business Day” means any day that is not a Saturday, Sunday, or other day on which banks
are authorized or required to close in the state of Georgia. 
 “Capital Expenditures” means, with respect to any Person for
any period, the aggregate of all expenditures by such Person and its Subsidiaries during such period that are capital expenditures as determined in accordance with GAAP, whether such expenditures are paid in cash or financed. 
 “Capitalized Lease Obligation” means that portion of the obligations under a Capital Lease that is required to be capitalized in
accordance with GAAP. 
 “Capital Lease” means a lease that is required to be capitalized for financial reporting purposes
in accordance with GAAP. 
 “Cash Equivalents” means (a) marketable direct obligations issued by, or unconditionally
guaranteed by, the United States or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within 1 year from the date of acquisition thereof, (b) marketable direct obligations issued by
any state of the United States or any political subdivision of any such state or any public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings
obtainable from either Standard & Poor’s Rating Group (“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”), (c) commercial paper maturing no more than 270 days from the date of creation thereof
and, at the time of acquisition, having a rating of at least A-1 from S&P or at least P-1 from Moody’s, (d) certificates of deposit or bankers’ acceptances maturing within 1 year from the date of acquisition thereof issued by any
bank organized under the laws of the United States or any state thereof having at the date of acquisition thereof combined capital and surplus of not less than $250,000,000, (e) Deposit Accounts maintained with (i) any bank that satisfies
the criteria described in clause (d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the amount maintained with any such other bank is less than or equal to $100,000 and is
insured by the Federal Deposit Insurance Corporation, and (f) Investments in money market funds substantially all of whose assets are invested in the types of assets described in clauses (a) through (e) above. 
 “Cash Management Account” means a Deposit Account or Securities Account of a Borrower or a Subsidiary of a Borrower (a “Cash
Management Account”) at a Cash Management Bank. 
 “Cash Management Bank” has the meaning specified therefor in
Section 2.7(a). 
 “Change of Control” means that (a) any “person” or “group” (within
the meaning of Sections 13(d) and 14(d) of the Exchange Act), becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 25%, or more, of the Stock of Parent having the right to vote for the election
of members of the Board of Directors, or (b) a majority of the members of the Board of Directors do not constitute Continuing Directors. 
 “Closing Date” means the date of the making of the initial Advance (or other extension of credit) hereunder. 
 “Code” means the Georgia Uniform Commercial Code, as in effect from time to time. 
  

 Schedule 1.1, Page 3 

 “Collateral” means all assets and interests in assets and proceeds thereof now owned or
hereafter acquired by Administrative Borrower or its Subsidiaries in or upon which a Lien is granted under any of the Loan Documents. 
 “Collateral Access Agreement” means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or
interests in Administrative Borrower’s or its Subsidiaries’ books and records, Equipment or Inventory, in each case, in form and substance satisfactory to Lender. 
 “Collections” means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of
cash sales, rental proceeds, and tax refunds). 
 “Compliance Certificate” means a certificate substantially in the form of
Exhibit C-1 delivered by the chief financial officer of Parent to Lender. 
 “Continuing Director” means (a) any
member of the Board of Directors who was a director (or comparable manager) of Parent on the Closing Date, and (b) any individual who becomes a member of the Board of Directors after the Closing Date if such individual was appointed or
nominated for election to the Board of Directors by a majority of the Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Board of Directors in office at the Closing Date in an actual or
threatened election contest relating to the election of the directors (or comparable managers) of Parent and whose initial assumption of office resulted from such contest or the settlement thereof. 
 “Control Agreement” means a control agreement, in form and substance satisfactory to Lender, executed and delivered by Administrative
Borrower or one of its Subsidiaries, Lender, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account). 
 “Daily Balance” means, as of any date of determination and with respect to any Obligation, the amount of such Obligation owed at the end
of such day. 
 “Default” means an event, condition, or default that, with the giving of notice, the passage of time, or
both, would be an Event of Default. 
 “Deposit Account” means any deposit account (as that term is defined in the Code).

 “Designated Account” means the Deposit Account of Administrative Borrower identified on Schedule D-1. 

“Designated Account Bank” has the meaning specified therefor in Schedule D-1. 
 “Dollars” or “$” means United States dollars. 
 “EBITDA” means, with respect to any fiscal period, Parent’s and its Subsidiaries’ consolidated net earnings (or loss), minus
extraordinary gains and interest income, plus interest expense, income taxes, and depreciation and amortization for such period, in each case, as determined in accordance with GAAP. 
 “Eligible Transferee” means (a) a commercial bank organized under the laws of the United States, or any state thereof, and having
total assets in excess of $250,000,000, (b) a commercial bank organized under the laws of any other country which is a member of the Organization for 

  

 Schedule 1.1, Page 4 

 
Economic Cooperation and Development or a political subdivision of any such country and which has total assets in excess of $250,000,000, provided that such
bank is acting through a branch or agency located in the United States, (c) a finance company, insurance company, or other financial institution or fund that is engaged in making, purchasing, or otherwise investing in commercial loans in the
ordinary course of its business and having (together with its Affiliates) total assets in excess of $250,000,000, (d) any Affiliate (other than individuals) of Lender, (e) so long as no Event of Default has occurred and is continuing, any
other Person approved by Administrative Borrower (which approval of Administrative Borrower shall not be unreasonably withheld, delayed, or conditioned), and (f) during the continuation of an Event of Default, any other Person approved by
Lender. 
 “Enterprise Valuation” means the most recent appraised valuation of Borrower’s business and its assets
acceptable to Lender and determined at the direction or request of Lender by a third party appraiser acceptable to Lender. 
 “Environmental Actions” means any complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter, or other communication from any
Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous Materials from (a) any assets, properties, or businesses of any Borrower, any Subsidiary of a Borrower, or any of their predecessors
in interest, (b) from adjoining properties or businesses, or (c) from or onto any facilities which received Hazardous Materials generated by any Borrower, any Subsidiary of a Borrower, or any of their predecessors in interest. 

“Environmental Law” means any applicable federal, state, provincial, foreign or local statute, law, rule, regulation, ordinance,
code, binding and enforceable guideline, binding and enforceable written policy or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation thereof, including any judicial or
administrative order, consent decree or judgment, in each case, to the extent binding on any Borrower or any Subsidiary of a Borrower, relating to the environment, the effect of the environment on employee health, or Hazardous Materials, in each
case as amended from time to time. 
 “Environmental Liabilities” means all liabilities, monetary obligations, losses,
damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines,
penalties, sanctions, and interest incurred as a result of any claim or demand, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action. 
 “Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental Liabilities. 
 “Equipment” means equipment (as that term is defined in the Code). 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute thereto. 
 “ERISA Affiliate” means (a) any Person subject to ERISA whose employees are treated as employed by the same employer as the
employees of a Borrower or a Subsidiary of a Borrower under IRC Section 414(b), (b) any trade or business subject to ERISA whose employees are treated as employed by the same employer as the employees of a Borrower or a Subsidiary of a
Borrower under IRC Section 414(c), (c) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any organization subject to ERISA that is a member of an affiliated service group of which a Borrower or a Subsidiary
of a Borrower is a member under IRC Section 414(m), or (d) solely for 

  

 Schedule 1.1, Page 5 

 
purposes of Section 302 of ERISA and Section 412 of the IRC, any Person subject to ERISA that is a party to an arrangement with a Borrower or a
Subsidiary of a Borrower and whose employees are aggregated with the employees of a Borrower or a Subsidiary of a Borrower under IRC Section 414(o). 
 “Event of Default” has the meaning specified therefor in Section 7. 
 “Excess Availability” means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrowers and their Subsidiaries aged in excess of their
historical levels with respect thereto and all book overdrafts of Borrowers and their Subsidiaries in excess of their historical practices with respect thereto, in each case as determined by Lender in its Permitted Discretion. 
 “Exchange Act” means the Securities Exchange Act of 1934, as in effect from time to time. 
 “Excluded Accounts” and “Excluded Account” have the respective meanings specified therefor in Section 2.7.

 “Fee Letter” means that certain fee letter between Borrowers and Lender, in form and substance satisfactory to Lender.

 “Funding Date” means the date on which a Borrowing occurs. 
 “GAAP” means generally accepted accounting principles as in effect from time to time in the United States, consistently applied.

 “Governing Documents” means, with respect to any Person, the certificate or articles of incorporation, by-laws, or other
organizational documents of such Person. 
 “Governmental Authority” means any federal, state, local, or other governmental
or administrative body, instrumentality, board, department, or agency or any court, tribunal, administrative hearing body, arbitration panel, commission, or other similar dispute-resolving panel or body. 
 “Guarantors” means each Subsidiary of each Borrower that is not itself a Borrower (other than CryoLife Europa Ltd., a company organized
under the laws of England and Wales), and “Guarantor” means any one of them. 
 “Guaranty” means that
certain general continuing guaranty executed and delivered by each Guarantor in favor of Lender and the Bank Product Providers, in form and substance satisfactory to Lender. 
 “Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any applicable laws
or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious
properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids,
produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any flammable substances or explosives or any radioactive materials, and (d) asbestos in
any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million. 
  

 Schedule 1.1, Page 6 

 “Hedge Agreement” means any and all agreements, or documents now existing or hereafter
entered into by Administrative Borrower or any of its Subsidiaries that provide for an interest rate, credit, commodity or equity swap, cap, floor, collar, forward foreign exchange transaction, currency swap, cross currency rate swap, currency
option, or any combination of, or option with respect to, these or similar transactions, for the purpose of hedging Administrative Borrower’s or any of its Subsidiaries’ exposure to fluctuations in interest or exchange rates, loan, credit
exchange, security or currency valuations or commodity prices. 
 “Indebtedness” means (a) all obligations for borrowed
money, (b) all obligations evidenced by bonds, debentures, notes, or other similar instruments and all reimbursement or other obligations in respect of letters of credit, bankers acceptances, interest rate swaps, or other financial products,
(c) all obligations as a lessee under Capital Leases, (d) all obligations or liabilities of others secured by a Lien on any asset of a Person or its Subsidiaries, irrespective of whether such obligation or liability is assumed,
(e) all obligations to pay the deferred purchase price of assets (other than trade payables incurred in the ordinary course of business and repayable in accordance with customary trade practices), (f) all obligations owing under Hedge
Agreements, and (g) any obligation guaranteeing or intended to guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any obligation of any other Person that constitutes Indebtedness under
any of clauses (a) through (f) above. 
 “Indemnified Liabilities” has the meaning specified therefor in
Section 10.3. 
 “Indemnified Person” has the meaning specified therefor in Section 10.3.

 “Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy
Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or
other similar relief. 
 “Intercompany Subordination Agreement” means a subordination agreement executed and delivered by
Borrowers and each of their Subsidiaries and Lender, the form and substance of which is satisfactory to Lender. 
 “Interest
Expense” means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 
 “Inventory” means inventory (as that term is defined in the Code). 
 “Investment” means, with respect to any Person, any investment by such Person in any other Person (including Affiliates) in the form of
loans, guarantees, advances, or capital contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the ordinary course of business, and (b) bona fide Accounts arising in the
ordinary course of business consistent with past practice), purchases or other acquisitions of Indebtedness, Stock, or all or substantially all of the assets of such other Person (or of any division or business line of such other Person), and any
other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. 
 “IRC”
means the Internal Revenue Code of 1986, as in effect from time to time. 
 “L/C” has the meaning specified therefor in
Section 2.12(a). 
  

 Schedule 1.1, Page 7 

 “L/C Disbursement” means a payment made by Lender pursuant to a Letter of Credit.

 “L/C Undertaking” has the meaning specified therefor in Section 2.12(a). 
 “Lender” has the meaning specified therefor in the preamble to the Agreement, and shall include any other Person made a party to the
Agreement in accordance with the provisions of Section 13.1. 
 “Lender Deposit Account” has the meaning
specified in Section 2.7. 
 “Lender Expenses” means all (a) costs or expenses (including taxes, and
insurance premiums) required to be paid by a Borrower or its Subsidiaries under any of the Loan Documents that are paid, advanced, or incurred by Lender, (b) fees or charges paid or incurred by Lender in connection with Lender’s
transactions with Borrowers or their Subsidiaries, including, fees or charges for photocopying, notarization, couriers and messengers, telecommunication, public record searches (including tax lien, litigation, and Uniform Commercial Code searches
and including searches with the patent and trademark office, the copyright office, or the department of motor vehicles), filing, recording, publication, appraisal (including periodic collateral appraisals or business valuations to the extent of the
fees and charges (and up to the amount of any limitation) contained in the Agreement, real estate surveys, real estate title policies and endorsements, and environmental audits, (c) costs and expenses incurred by Lender in the disbursement of
funds to or for the account of Borrowers (by wire transfer or otherwise), (d) charges paid or incurred by Lender resulting from the dishonor of checks, (e) reasonable costs and expenses paid or incurred by Lender to correct any default or
enforce any provision of the Loan Documents, or in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a
sale is consummated, (f) audit fees and expenses of Lender related to any inspections or audits to the extent of the fees and charges (and up to the amount of any limitation) contained in the Agreement, (g) reasonable costs and expenses of
third party claims or any other suit paid or incurred by Lender in enforcing or defending the Loan Documents or in connection with the transactions contemplated by the Loan Documents or Lender’s relationship with any Borrower or any Subsidiary
of a Borrower, (h) Lender’s reasonable costs and expenses (including attorneys fees) incurred in advising, structuring, drafting, reviewing, administering, syndicating, or amending the Loan Documents, and (i) Lender’s reasonable
costs and expenses (including attorneys, accountants, consultants, and other advisors fees and expenses) incurred in terminating, enforcing (including attorneys, accountants, consultants, and other advisors fees and expenses incurred in connection
with a “workout,” a “restructuring,” or an Insolvency Proceeding concerning any Borrower or any Subsidiary of a Borrower or in exercising rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective
of whether suit is brought, or in taking any Remedial Action concerning the Collateral. 
 “Lender-Related Person” means
Lender, together with its Affiliates, officers, directors, employees, attorneys, and agents. 
 “Lender’s Account”
means the account identified in Schedule L-1. 
 “Lender’s Liens” means the Liens granted by Borrowers or their
Subsidiaries to Lender under the Agreement or the other Loan Documents. 
 “Letter of Credit” means an L/C or an L/C
Undertaking, as the context requires. 
 “Letter of Credit Usage” means, as of any date of determination, the aggregate
undrawn amount of all outstanding Letters of Credit. 
  

 Schedule 1.1, Page 8 

 “Lien” means any interest in an asset securing an obligation owed to, or a claim by, any
Person other than the owner of the asset, irrespective of whether (a) such interest is based on the common law, statute, or contract, (b) such interest is recorded or perfected, and (c) such interest is contingent upon the occurrence
of some future event or events or the existence of some future circumstance or circumstances. Without limiting the generality of the foregoing, the term “Lien” includes the lien or security interest arising from a mortgage, deed of trust,
encumbrance, notice of Lien, levy or assessment, pledge, hypothecation, assignment, deposit arrangement, security agreement, conditional sale or trust receipt, or from a lease, consignment, or bailment for security purposes and also includes
reservations, exceptions, encroachments, easements, rights-of-way, covenants, conditions, restrictions, leases, and other title exceptions and encumbrances affecting Real Property. 
 “Loan Account” has the meaning specified therefor in Section 2.10. 
 “Loan Documents” means the Agreement, the Bank Product Agreements, the Control Agreements, the Fee Letter, the Guaranty, the
Intercompany Subordination Agreement, the Letters of Credit, any Mortgages, the Security Agreement, any note or notes executed by a Borrower in connection with the Agreement and payable Lender, and any other agreement entered into, now or in the
future, by any Borrower and Lender in connection with the Agreement. 
 “Material Adverse Change” means (a) a material
adverse change in the business, prospects, operations, results of operations, assets, liabilities or condition (financial or otherwise) of Borrowers and their Subsidiaries, taken as a whole, (b) a material impairment of a Borrower’s or any
of its Subsidiaries’ ability to perform its obligations under the Loan Documents to which it is a party or of Lender’s ability to enforce the Obligations or realize upon the Collateral, or (c) a material impairment of the
enforceability or priority of the Lender’s Liens with respect to the Collateral as a result of an action or failure to act on the part of a Borrower or a Subsidiary of a Borrower. 
 “Maturity Date” has the meaning specified therefor in Section 3.3. 
 “Maximum Revolver Amount” means $15,000,000. 
 “Moody’s” means Moody’s Investor Service, Inc. 
 “Mortgages”
means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by a Borrower or a Subsidiary of a Borrower in favor of Lender, in form and substance satisfactory to Lender, that encumber
the Real Property Collateral. 
 “Obligations” means (a) all loans, Advances, debts, principal, interest (including any
interest that accrues after the commencement of an Insolvency Proceeding regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), contingent reimbursement obligations with respect to outstanding
Letters of Credit, premiums, liabilities (including all amounts charged to Borrowers’ Loan Account pursuant hereto), obligations (including indemnification obligations), fees (including the fees provided for in the Fee Letter), charges, costs,
Lender Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), lease payments, guaranties,
covenants, and duties of any kind and description owing by Borrowers to Lender pursuant to or evidenced by the Loan Documents and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become
due, now existing or hereafter arising, and including all interest not paid when due and all Lender Expenses that Borrowers are required to pay or reimburse by the Loan Documents, by law, or otherwise, and (b) all Bank Product Obligations. Any
reference in the Agreement or in the Loan Documents to the Obligations shall include all or any portion thereof and any extensions, 

  

 Schedule 1.1, Page 9 

 
modifications, renewals, or alterations thereof, both prior and subsequent to any Insolvency Proceeding. 
 “Overadvance” has the meaning specified therefor in Section 2.5. 
 “Parent” has the meaning specified therefor in the preamble to the Agreement. 
 “Participant” has the meaning specified therefor in Section 13.1(e). 
 “Permitted Discretion” means a determination made in the exercise of reasonable (from the perspective of a secured lender) business
judgment. 
 “Permitted Dispositions” means (a) sales or other dispositions of Equipment that is substantially
worn, damaged, or obsolete in the ordinary course of business, (b) sales of Inventory or services to buyers in the ordinary course of business, (c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the
terms of the Agreement or the other Loan Documents, (d) the licensing of patents, trademarks, copyrights and other intellectual property rights in the ordinary course of business, on a non-exclusive basis, and (e) the licensing of patents,
trademarks, copyrights and other intellectual property rights on an exclusive basis where exclusivity is restricted to a limited field of use that does not prohibit Borrowers and their Subsidiaries, or any of them, from commercializing the
intellectual property rights so licensed in applications outside the limited field of use or in any application presently commercialized by the Borrowers and their Subsidiaries; provided, however, that Lender shall be granted a perfected first
priority security interest in each license described in clause (d) or (e) above and Borrowers and their Subsidiaries shall not enter into any such license if an Event of Default has occurred and is continuing. 
 “Permitted Investments” means (a) Investments in cash and Cash Equivalents, (b) Investments in negotiable instruments for
collection, (c) advances made in connection with purchases of goods or services in the ordinary course of business, (d) Investments received in settlement of amounts due to a Borrower or any Subsidiary of a Borrower effected in the
ordinary course of business or owing to a Borrower or any Subsidiary of a Borrower as a result of Insolvency Proceedings involving an Account Debtor or upon the foreclosure or enforcement of any Lien in favor of a Borrower or any Subsidiary of a
Borrower, (e) purchases of additional patents or non-patented intellectual property to enhance the BioGlue Product Line or equipment or other capital assets used in connection therewith so long as no Default or Event of Default exists or would
be caused thereby and so long as the aggregate purchase price therefor does not exceed $3,000,000, and (f) other investments consistent with Borrowers’ investment policy set forth on Schedule P-1. 
 “Permitted Liens” means (a) Liens held by Lender, (b) Liens for unpaid taxes, assessments, or other governmental charges or
levies that either (i) are not yet delinquent, or (ii) do not have priority over the Lender’s Liens and the underlying taxes, assessments, or charges or levies are the subject of Permitted Protests, (c) judgment Liens that do not
constitute an Event of Default under Section 7.7 of the Agreement, (d) Liens set forth on Schedule P-2, (e) the interests of lessors under operating leases, (f) purchase money Liens or the interests of lessors under
Capital Leases to the extent that such Liens or interests secure Permitted Purchase Money Indebtedness and so long as such Lien attaches only to the asset purchased or acquired and the proceeds thereof, (g) Liens arising by operation of law in
favor of warehousemen, landlords, carriers, mechanics, materialmen, laborers, or suppliers, incurred in the ordinary course of Borrowers’ business and not in connection with the borrowing of money, and which Liens either (i) are for sums
not yet delinquent, or (ii) are the subject of Permitted Protests, (h) Liens on amounts deposited in connection with obtaining worker’s compensation or other unemployment insurance, (i) Liens on amounts deposited in connection
with the making or entering into of bids, tenders, or leases in the ordinary course of business and not in connection with the borrowing of money, (j) Liens on amounts deposited as security for surety or 

  

 Schedule 1.1, Page 10 

 
appeal bonds in connection with obtaining such bonds in the ordinary course of business, and (k) with respect to any Real Property, easements, rights of
way, and zoning restrictions that do not materially interfere with or impair the use or operation thereof. 
 “Permitted
Protest” means the right of Administrative Borrower or any of its Subsidiaries to protest any Lien (other than any Lien that secures the Obligations), taxes (other than payroll taxes or taxes that are the subject of a United States federal
tax lien), or rental payment, provided that (a) a reserve with respect to such obligation is established on a Borrower’s or any of its Subsidiaries’ books and records in such amount as is required under GAAP, (b) any such protest
is instituted promptly and prosecuted diligently by Administrative Borrower or any of its Subsidiaries, as applicable, in good faith, and (c) Lender is satisfied that, while any such protest is pending, there will be no impairment of the
enforceability, validity, or priority of any of the Lender’s Liens. 
 “Permitted Purchase Money Indebtedness” means,
as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $3,000,000. 
 “Person” means natural persons, corporations, limited liability companies, limited partnerships, general partnerships, limited liability
partnerships, joint ventures, trusts, land trusts, business trusts, or other organizations, irrespective of whether they are legal entities, and governments and agencies and political subdivisions thereof. 
 “Projections” means Parent’s (on a consolidated [and consolidating] basis with its Subsidiaries) forecasted (a) balance
sheets, (b) profit and loss statements, and (c) cash flow statements, all prepared on a basis consistent with Parent’s historical financial statements, together with appropriate supporting details and a statement of underlying
assumptions. 
 “Purchase Money Indebtedness” means Indebtedness (other than the Obligations, but including Capitalized
Lease Obligations) incurred at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof. 
 “Qualified Cash” means, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of Borrowers and their
Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof, and which such Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities
intermediary located within the United States. 
 “Real Property” means any estates or interests in real property now owned
or hereafter acquired by any Borrower or a Subsidiary of any Borrower and the improvements thereto. 
 “Real Property
Collateral” means any fee owned Real Property hereafter acquired by a Borrower or any Subsidiary of a Borrower. 
 “Record” means information that is inscribed on a tangible medium or which is stored in an electronic or other medium and is retrievable in perceivable form. 
 “Remedial Action” means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate, or in any
way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare or the
indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre- 

  

 Schedule 1.1, Page 11 

 
remedial studies, investigations, or post-remedial operation and maintenance activities, or (e) conduct any other actions with respect to Hazardous
Materials authorized by Environmental Laws. 
 “Required Availability” means that the sum of (a) Excess Availability,
plus (b) Qualified Cash exceeds $12,000,000. 
 “Revolver Usage” means, as of any date of determination, the sum
of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage. 
 “S&P”
means Standard & Poor’s Ratings Group, a division of McGraw Hill, Inc. 
 “SEC” means the United States
Securities and Exchange Commission and any successor thereto. 
 “Securities Account” means a “securities account”
(as that term is defined in the Code). 
 “Security Agreement” means a pledge and security agreement, in form and substance
satisfactory to Lender, executed and delivered by Borrower to Lender. 
 “Solvent” means, with respect to any Person on a
particular date, that, at fair valuations, the sum of such Person’s assets is greater than all of such Person’s debts. 
 “Stock” means all shares, options, warrants, interests, participations, or other equivalents (regardless of how designated) of or in a Person, whether voting or nonvoting, including common stock, preferred stock, or any
other “equity security” (as such term is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act). 
 “Subsidiary” of a Person means a corporation, partnership, limited liability company, or other entity in which that Person directly or indirectly owns or controls the shares of Stock having ordinary
voting power to elect a majority of the board of directors (or appoint other comparable managers) of such corporation, partnership, limited liability company, or other entity. 
 “Taxes” has the meaning specified therefor in Section 15.5. 
 “Underlying Issuer” means a third Person which is the beneficiary of an L/C Undertaking and which has issued a letter of credit at the
request of Lender for the benefit of Borrowers. 
 “Underlying Letter of Credit” means a letter of credit that has been
issued by an Underlying Issuer. 
 “United States” means the United States of America. 
 “Voidable Transfer” has the meaning specified therefor in Section 15.7. 
 “Wells Fargo” means Wells Fargo Bank, National Association, a national banking association. 
  

 Schedule 1.1, Page 12 

 Schedule 3.1 
 The obligation of Lender to make its initial extension of credit provided for in the Agreement is subject to the fulfillment, to the satisfaction of Lender (the making of such initial extension of credit by Lender
being conclusively deemed to be its satisfaction or waiver of the following), of each of the following conditions precedent: 
 (a) the Closing Date shall occur on or before February 9, 2005; 
 (b) Lender shall have received a letter duly
executed by each Borrower and each Guarantor authorizing Lender to file appropriate financing statements in such office or offices as may be necessary or, in the opinion of Lender, desirable to perfect the security interests to be created by the
Loan Documents; 
 (c) Lender shall have received evidence that appropriate financing statements have been duly filed in such
office or offices as may be necessary or, in the opinion of Lender, desirable to perfect the Lender ‘s Liens in and to the Collateral, and Lender shall have received searches reflecting the filing of all such financing statements; 

(d) Lender shall have received each of the following documents, in form and substance satisfactory to Lender, duly executed, and each
such document shall be in full force and effect: 
 (i) the Control Agreements, 
 (ii) a disbursement letter executed and delivered by Borrowers to Lender regarding the extensions of credit to be made on the Closing
Date, the form and substance of which is satisfactory to Lender, 
 (iii) the Fee Letter, 
 (iv) the Guaranty, 
 (v) the Intercompany Subordination Agreement, 
 (vi) the Patent Security Agreement, 
 (vii) the Security Agreement, together with all certificates representing the shares of Stock pledged thereunder, as well as Stock powers
with respect thereto endorsed in blank, 
 (viii) the Trademark Security Agreement; 
 (e) Lender shall have received a certificate from the Secretary of each Borrower (i) attesting to the resolutions of such
Borrower’s Board of Directors authorizing its execution, delivery, and performance of this Agreement and the other Loan Documents to which such Borrower is a party, (ii) authorizing specific officers of such Borrower to execute the same,
and (iii) attesting to the incumbency and signatures of such specific officers of such Borrower; 
 (f) Lender shall have
received copies of each Borrower’s Governing Documents, as amended, modified, or supplemented to the Closing Date, certified by the Secretary of such Borrower; 
  

 Schedule 3.1, Page 1 

 (g) Lender shall have received a certificate of status with respect to each Borrower,
dated within 10 days of the Closing Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of such Borrower, which certificate shall indicate that such Borrower is in good standing in such jurisdiction;

 (h) Lender shall have received certificates of status with respect to each Borrower, each dated within 30 days of the
Closing Date, such certificates to be issued by the appropriate officer of the jurisdictions (other than the jurisdiction of organization of such Borrower) in which its failure to be duly qualified or licensed would constitute a Material Adverse
Change, which certificates shall indicate that such Borrower is in good standing in such jurisdictions; 
 (i) Lender shall
have received a certificate from the Secretary of each Guarantor (i) attesting to the resolutions of such Guarantor’s Board of Directors authorizing its execution, delivery, and performance of the Loan Documents to which such Guarantor is
a party, (ii) authorizing specific officers of such Guarantor to execute the same and (iii) attesting to the incumbency and signatures of such specific officers of Guarantor; 
 (j) Lender shall have received copies of each Guarantor’s Governing Documents, as amended, modified, or supplemented to the Closing
Date, certified by the Secretary of such Guarantor; 
 (k) Lender shall have received a certificate of status with respect to
each Guarantor, dated within 10 days of the Closing Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of such Guarantor, which certificate shall indicate that such Guarantor is in good standing in
such jurisdiction; 
 (l) Lender shall have received certificates of status with respect to each Guarantor, each dated within
30 days of the Closing Date, such certificates to be issued by the appropriate officer of the jurisdictions (other than the jurisdiction of organization of such Guarantor) in which its failure to be duly qualified or licensed would constitute a
Material Adverse Change, which certificates shall indicate that such Guarantor is in good standing in such jurisdictions; 
 (m) Lender shall have received a certificate of insurance, together with the endorsements thereto, as are required by Section 5.8, the form and substance of which shall be satisfactory to Lender; 
 (n) Lender shall have received Collateral Access Agreements with respect to the following location: 1655 Roberts Blvd., NW, Kennesaw,
Georgia; 
 (o) Lender shall have received an opinion of Borrowers’ counsel in form and substance satisfactory to Lender;

 (p) Borrowers shall have the Required Availability after giving effect to the initial extensions of credit hereunder and
the payment of all fees and expenses required to be paid by Borrowers on the Closing Date under this Agreement or the other Loan Documents; 
 (q) Lender shall have completed its business, legal, and collateral due diligence, including (i) a collateral audit and review of Borrowers’ and their Subsidiaries’ books and records and verification of
Borrowers’ representations and warranties to Lender, the results of which shall be satisfactory to Lender, (ii) an inspection of each of the locations where Borrowers’ and their Subsidiaries’ Inventory is located, the results of
which shall be satisfactory to Lender, (iii) completion of Uniform Commercial Code and intellectual property Lien searches, the results of which shall be satisfactory to Lender, and (iv) review of 

  

 Schedule 3.1, Page 2 

 
all litigation, including, without limitation, SEC investigations, the results of which shall be satisfactory to Lender; 
 (r) Lender shall have received completed reference checks with respect to Borrowers’ senior management, the results of which are
satisfactory to Lender in its sole discretion; 
 (s) Lender shall have received the Enterprise Valuation, the results of
which shall be satisfactory to Lender; 
 (t) Lender shall have received a set of Projections of the Parent and its
Subsidiaries for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions)
satisfactory to Lender; 
 (u) Borrowers shall have paid all Lender Expenses incurred in connection with the transactions
evidenced by this Agreement; 
 (v) Lender shall have received copies of each of Parent’s material contracts, together
with a certificate of the Secretary of the Parent certifying each such document as being a true, correct, and complete copy thereof; 
 (w) Borrowers and each of their Subsidiaries shall have received all licenses, approvals or evidence of other actions required by any Governmental Authority in connection with the execution and delivery by Borrowers or their Subsidiaries of
the Loan Documents or with the consummation of the transactions contemplated thereby; and 
 (x) all other documents and legal
matters in connection with the transactions contemplated by this Agreement shall have been delivered, executed, or recorded and shall be in form and substance satisfactory to Lender. 
  

 Schedule 3.1, Page 3 

 Schedule 5.2 
 Provide Lender with each of the documents set forth below at the following times in form satisfactory to Lender: 
  

			
	Quarterly (no later than the 30th day after each quarter)	  	 (a) a detailed aging, by total, of Borrowers’ Accounts,
together with a reconciliation and supporting documentation for any reconciling items noted,
  
 (b) a summary, by vendor, of Borrowers’ and their Subsidiaries’ accounts payable and any book overdrafts and of any held checks,
  
 (c) a detailed report regarding Borrowers’ and their Subsidiaries’ cash and Cash Equivalents, including an indication of which amounts constitute Qualified
Cash, and
  
 (d) a report regarding Borrowers’ and their Subsidiaries’ accrued,
but unpaid, ad valorem taxes.
  

	 	 
	 Upon request by Lender
  
	  	 (e) such other reports as to the Collateral or the
financial condition of Borrowers and their Subsidiaries, as Lender may reasonably request.
  

  

 Schedule 5.2, Page 1 

 Schedule 5.3 
 Deliver to Lender each of the financial statements, reports, or other items set forth set forth below at the following times in form satisfactory to Lender: 
  

			
	 	 
	 as soon as available, but in any event within 30 days (45
days in the case of a month that is the end of one of Parent’s fiscal quarters) after the end of each month during each of Parent’s fiscal years
  
	  	 (f) an unaudited consolidated balance sheet, income
statement, and statement of cash flow (and consolidating balance sheet and income statement) covering Parent’s and its Subsidiaries’ operations during such period, and
  
 (g) a Compliance Certificate.

	 	 
	as soon as available, but in any event within 90 days after the end of each of Parent’s fiscal years
	  	 (h) consolidated financial statements of Parent and its
Subsidiaries for each such fiscal year, audited by independent certified public accountants reasonably acceptable to Lender and certified, without any qualifications (including any (A) “going concern” or like qualification or exception,
(B) qualification or exception as to the scope of such audit, or (C) qualification which relates to the treatment or classification of any item and which, as a condition to the removal of such qualification, would require an adjustment to such item,
the effect of which would be to cause any noncompliance with the provisions of Section 6.16), by such accountants to have been prepared in accordance with GAAP (such audited financial statements to include a balance sheet, income statement, and
statement of cash flow and, if prepared, such accountants’ letter to management),
  
 (i) unaudited consolidating balance sheet and income statement of Parent and its Subsidiaries for such fiscal year, and
  
 (j) a Compliance Certificate.
  

	 	 
	 as soon as available, but in any event within 30 days prior
to the start of each of Parent’s fiscal years,
  
	  	(k) copies of Parent’s Projections, in form and substance (including as to scope and underlying
assumptions) satisfactory to Lender, in its Permitted Discretion, for the forthcoming year, quarter by quarter, certified by the chief financial officer of Parent as being such officer’s good faith estimate of the financial performance of
Parent during the period covered thereby.
	 	 
	if and when filed by any Borrower,	  	 (l) Form 10-Q quarterly reports, Form 10-K annual reports,
and Form 8-K current reports,
  
 (m) any other filings made by any Borrower with the SEC,
and
  
 (n) any other information that is provided by Parent to its shareholders generally.

  

  

 Schedule 5.3, Page 1 

			
	 	 
	 promptly, but in any event within 5 days after a Borrower
has knowledge of any event or condition that constitutes a Default or an Event of Default,
  
	  	(o) notice of such event or condition and a statement of the curative action that Borrowers proposes to
take with respect thereto.
	 	 
	 promptly after the commencement thereof (or, in the case of
a threat described in clause (ii), promptly upon such threat), but in any event within 5 days after the service of process with respect thereto (or, in the case of any threat described in clause (ii), within 5 days of such threat) on any Borrower or
any Subsidiary of a Borrower,
  
	  	(p) (i) notice of all actions, suits, or proceedings brought by or against any Borrower or any
Subsidiary of a Borrower before any Governmental Authority (other than the United States Food and Drug Administration) which reasonably could be expected to result in a Material Adverse Change, and (ii) notice of all actions, suits, or proceedings
brought by or against (or threatened by or against) any Borrower or any Subsidiary of a Borrower before the United States Food and Drug Administration.
	 	 
	 promptly upon receipt thereof, but in any event within 5
days after receipt,
  
	  	 (q) copies of all Warning Letters, Notices of Observation
or Orders (as such terms are defined under the Federal Food, Drug, and Cosmetic Act of 1938, as amended, or applicable regulations issued thereunder) received by any Borrower or any Subsidiary of a Borrower from the United States Food and Drug
Administration.
  

	 	 
	 promptly upon Borrowers’ obtaining knowledge thereof,
but in any event within 5 days after obtaining such knowledge,
  
	  	(r) notice of any material default under any intellectual property license of the type described in
clause (d) or (e) of the definition of Permitted Disposition.
	 	 
	 upon the request of Lender,
  
	  	 (s) any other information reasonably requested relating to
the financial condition of Borrowers or their Subsidiaries.
  

  

 Schedule 5.3, Page 2Lease Agreement

 EXHIBIT 10.16 
 LEASE 
 AGREEMENT 
 between 
 AMLI LAND DEVELOPMENT - I 
 LIMITED PARTNERSHIP 
 Landlord 
 and 
 CRYOLIFE, INC. 

Tenant 
 April 18, 1995

 TABLE OF CONTENTS 
  

					
	 Section
	  	 	  	Page
	 1.
	  	 DEFINITIONS
	  	1
			
	 2.
	  	 AGREEMENT TO LEASE
	  	6
			
	 3.
	  	 COMMENCEMENT DATE
	  	6
			
	 4.
	  	 RENT
	  	6
			
	 5.
	  	 BASE RENT
	  	7
			
	 6.
	  	 TAX RENT AND ASSESSMENTS
	  	7
			
	 7.
	  	 RESPONSIBILITY FOR MAINTENANCE, REPAIR AND OPERATIONS
	  	10
			
	 8.
	  	 SERVICES
	  	15
			
	 9.
	  	 USE
	  	15
			
	 10.
	  	 DISCLAIMER OF WARRANTIES
	  	16
			
	 11.
	  	 POSSESSION
	  	17
			
	 12.
	  	 ASSIGNMENT AND SUBLETTING
	  	17
			
	 13.
	  	 LANDLORD’S ACCESS TO THE PREMISES
	  	19
			
	 14.
	  	 ALTERATIONS
	  	19
			
	 15.
	  	 CERTAIN RIGHTS RESERVED BY LANDLORD
	  	21
			
	 16.
	  	 COVENANT AGAINST LIENS
	  	22
			
	 17.
	  	 WAIVER OF CLAIMS; INDEMNIFICATION
	  	23
			
	 18.
	  	 NON-WAIVER
	  	23
			
	 19.
	  	 REMEDIES
	  	24
			
	 20.
	  	 SURRENDER OF POSSESSION
	  	26
			
	 21.
	  	 HOLDING OVER
	  	27
			
	 22.
	  	 INSURANCE
	  	27
			
	 23.
	  	 CASUALTY
	  	30
			
	 24.
	  	 CONDEMNATION
	  	34
			
	 25.
	  	 EITHER PARTY’S PERFORMANCE OF THE OTHER PARTY’S OBLIGATIONS
	  	38
			
	 26.
	  	 NOTICES
	  	38
			
	 27.
	  	 ADDITIONAL COVENANTS OF TENANT
	  	39
			
	 28.
	  	 ESTOPPEL CERTIFICATE
	  	41
			
	 29.
	  	 SUBORDINATION, ATTORNMENT AND NON-DISTURBANCE
	  	41

  

 -i- 

					
	30.	  	DEFINITION OF LANDLORD	  	42
			
	31.	  	REAL ESTATE BROKER	  	42
			
	32.	  	TENANT’S FINANCIAL STATEMENTS	  	42
			
	33.	  	HAZARDOUS MATERIALS	  	42
			
	34.	  	QUIET ENJOYMENT	  	44
			
	35.	  	MISCELLANEOUS	  	44
			
	36.	  	SECURITY DEPOSIT	  	46
			
	37.	  	EXTENSION OPTION	  	46
			
	38.	  	EXPANSION OPTION (FOR ADDITIONAL 40,000 SQUARE FEET IN THE FACILITY)	  	47
			
	39.	  	EXPANSION OPTION (SECOND BUILDING)	  	48
			
	40.	  	FINANCIAL COVENANTS OF TENANT	  	49
			
	41.	  	RENTAL ABATEMENT	  	49
			
	42.	  	REQUIRED LICENSES AND PERMITS	  	50
			
	43.	  	DESIGN AND MOVING ALLOWANCES	  	50

 EXHIBITS: 
  

			
	A.	  	LEGAL DESCRIPTION OF THE PREMISES
		
	B.	  	SCHEDULE OF BASE RENT PAYMENTS
		
	C.	  	FORMS OF ESTOPPEL LETTER
		
	D.	  	SCHEDULE OF HAZARDOUS MATERIALS
		
	E.	  	FORM OF MEMORANDUM OF LEASE
		
	F.	  	DEPICTION OF ADJACENT LAND

  

 -ii- 

 LEASE 
 THIS LEASE (“Lease”) is entered into as of the 18th day of April, 1995 by and between AMLI LAND DEVELOPMENT - I LIMITED PARTNERSHIP, an Illinois limited partnership, whose address is c/o Amli Realty Co.,
2100 RiverEdge Parkway, Suite 420, Atlanta, Georgia 30328 (together with its successors and assigns, “Landlord”) and CRYOLIFE, INC., a Florida corporation, whose address is 2211 New Market Parkway, Suite 142, Marietta, Georgia 30067
(together with its permitted successors and assigns “Tenant”). 
 1. DEFINITIONS. The following terms shall have the
definitions set forth after them below: 
 Additional Rent: All amounts due from Tenant to Landlord or otherwise payable by
Tenant under this Lease, other than Base Rent, including, without limitation, Tax Rent and Assessments. 
 Anticipated Commencement
Date: the meaning provided in Section 3 hereof. 
 Architect: Masterson, Fowler Assoc. Ltd. 
 Assessment Notice: the meaning provided in Section 6.2 hereof. 
 Assessments: dues, assessments and other charges which may be levied against the Premises or any portion thereof from time to time by the
Association under the Declaration. 
 Association: the Barrett Master Association, Inc., a Georgia not-for-profit corporation.

 Base Net Worth: the meaning provided in Section 40 hereof. 
 Base Rent: the Base Rent Rate for each Lease Year, multiplied by the number of square feet of Net Rentable Area of the Facility. 

Base Rent Rate: the meaning provided in Section 5 hereof. 
 Casualty: the meaning provided in Section 23 hereof. 
 Casualty-Related Improvements: all capital improvements made as part of any Casualty Restoration. 
 Casualty Restoration: the meaning provided in Section 23 hereof. 
 Commencement Date: the meaning
provided in Section 3 hereof. 
 Condemnation: the meaning provided in Section 24 hereof. 
 Condemnation-Related Improvements: all capital improvements made as part of any Condemnation Restoration. 
 Condemnation Restoration: the meaning provided in Section 24 hereof. 

 County: Cobb County, Georgia. 
 Declaration: that certain Declaration of Protective Covenants for Barrett dated as of May 18, 1987 and recorded in the Cobb County
records on May 18, 1987 in Deed book 4474, Page 423, as the same has been and may be amended or supplemented from time to time. 
 Default: the meaning provided in Section 19 hereof. 
 Depository: the meaning provided in
Section 23.3 hereof. 
 Development Review Committee: the committee established and appointed by the Association to review
and approve development plans for sites within the Park. 
 Environmental Laws: the Comprehensive Environmental Response,
Compensation and Liability Act of 1980 (42 U.S.C. §9601, et seq.); the Superfund Amendments and Reauthorization Act of 1986 (42 U.S.C.§9671 et. seq.); the Hazardous Materials Transportation Act (49 U.S.C. §1801, et seq.); the Toxic
Substances Control Act (15 U.S.C. §2601, et seq.); the Resource Conservation and Recovery Act (42 U.S.C. §6901 et seq.); the Clean Air Act (42 U.S.C. §7401 et seq.); the Clean Water Act (33 U.S.C. §1251, et seq.); the Rivers and
Harbors Act (33 U.S.C. §401, et seq.); and any so-called “Superlien law”; and any regulations promulgated pursuant thereto, and any other applicable federal, state or local law, common law, code, rule, regulation, order, policy or
ordinance, presently in effect or hereafter enacted, promulgated or implemented, or any other applicable governmental regulation imposing liability or standards of conduct concerning any Hazardous Materials, now or hereafter in effect. 

Event(s) of Bankruptcy: the meaning provided in Section 19 hereof. 
 Facility: the meaning provided in Section 2 hereof. 
 Final Estimated Assessment Payment: the meaning provided in Section 6.2 hereof. 
 Force
Majeure: any event or circumstance which is beyond the reasonable control of either Landlord or Landlord’s Related Parties, or Tenant or Tenant’s Related Parties, the happening or occurrence of which in fact delays or postpones
either party’s performance of a non-monetary covenant or obligation hereunder, including, without limitation, strikes, lockouts or picketing (legal or illegal); governmental action and condemnation; riot, civil commotion, insurrection, and war;
fire or other casualty, accident, acts of God or the enemy; adverse weather conditions that caused work on the Project to slow or cease temporarily whether or not reasonably expected for the location of the Premises and the time of the year in
question; unavailability of fuel, power, supplies or materials; and the passage or reasonably unexpected interpretation or application of any Legal Requirements or moratorium of any Governmental Authority. In order for either party to validly claim
that an event constitutes Force Majeure hereunder, such claimant must give written notice setting forth in reasonable detail the nature of and the occurrence of such event to the other party hereto within ten (10) days after such occurrence,
and such claimant must have in fact experienced lost work days in the applicable construction schedule due to adverse weather conditions (such lost work days being hereinafter referred to as “Adverse Weather Days”). With respect to
precipitation, in order to 

  

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constitute Adverse Weather Days hereunder only those periods of precipitation that exceed the historical norm (as determined by the National Weather Service,
or a similar agency or authority) for the area in which the Park is located generally, and for the time period and season in question, plus a reasonable period of time thereafter for the soils to dry sufficiently so as to permit soils compaction,
movement of soils, and concrete and paving activities, as reasonably determined by an independent soils engineering firm with an office in the Atlanta metropolitan area, shall be included. 
 Governmental Authority: shall mean any federal, regional, state, county or municipal government (including , without limitation, any agency,
authority, subdivision, department or bureau thereof). 
 Gross Building Area: the entire area within the exterior face walls on
each floor of the Facility. Unless otherwise expressly stated to the contrary, all references in this Lease to “square feet” shall mean the square feet of Gross Building Area. Landlord and Tenant hereby agree that the Gross Building Area
of the Facility as shown on the Plans is 98,268 square feet and such total shall be deemed the Gross Building Area for all purposes under this Lease. 
 Guarantees: the meaning provided in Section 13.1 of the Pre-Occupancy Agreement. 
 Guidelines: written guidelines that the Development Review committee has adopted or may adopt for the development of sites within the Park that set forth with greater detail than the Declaration the design standards and
requirements for construction and maintenance, as well as samples of materials and other information, to be submitted to the Development Review Committee. 
 Hazardous Materials: any substances, materials or wastes that are regulated by any Governmental Authority because of toxic, flammable, explosive, corrosive, reactive, radioactive or other properties that
may be hazardous to human health or the environment, including without limitation, above or underground storage tanks, flammables, explosives, radioactive materials, radon, petroleum and petroleum products, asbestos, urea formaldehyde foam
insulation, methane, lead-based paint, polychlorinated biphenyl compounds, hydrocarbons or like substances and their additives or constituents, pesticides and toxic or hazardous substances or materials of any kind, including without limitation,
substances now or hereafter defined as “hazardous substances,” “hazardous materials,” “toxic substances” or “hazardous wastes” in any Environmental Laws. 
 Land: an approximately 11 acre parcel of real estate located in the Park, and legally described on Exhibit A attached hereto and made
a part hereof. 
 Landlord: the meaning provided in the Preamble. 
 Landlord Related Parties: collectively Landlord and Landlord’s partners, and their respective officers, shareholders, directors, agents
and employees, and the invitees, licensees or contractors of each. 
 Landlord’s QLMCI Share: the meaning provided in
Section 7.1 hereof. 
 Lease: the meaning provided in the Preamble. 
  

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 Lease Year: each consecutive twelve (12) month period beginning with the Commencement
Date, except that if the Commencement Date is other than the first (1st) day of a calendar month, then the first (1st) Lease Year shall be the period from the Commencement Date through the date which is twelve (12) full calendar
months after the last day of the calendar month in which the Commencement Date occurs, and each subsequent Lease Year shall be the period of twelve (12) months following the last day of the prior Lease Year. 
 Legal Requirements: (a) any and all laws, codes, ordinances, requirements, standards, plats, plans, criteria, orders, directives, rules
and regulations of any Governmental Authority affecting the improvement, alteration, use, maintenance, operation, occupancy, security, health, safety and environmental condition of the Premises, or any part thereof (or any occupants therein, as the
context requires) and/or Park (or any other parts thereof or premises therein, or any occupants therein, as the context requires), including, without limitation, any Environmental Laws, and (b) any and all covenants, restrictions, conditions,
easements and other agreements of record affecting the Premises and/or Park (or any other parts thereof or premises therein, or any occupants therein, as the context requires), including, without limitation, the Declaration, any documents, rules,
regulations, standards or criteria set forth or referenced therein or promulgated by the Association or any other governing body or entity exercising jurisdiction over the Park, in any case, whether in force at the Commencement Date, or subject to
the terms of Section 9 hereof, passed, enacted or imposed at some time in the future, and shall include all permits, licenses, certificates, authorizations and approvals required in connection with any of the foregoing. 
 Legally Mandated Capital Improvements: any capital improvements which may at any time during the Term be required under any Legal
Requirement which was not passed or was not applicable or was not reasonably expected of being interpreted as applicable to the Premises as of the Commencement Date. 
 Net Rentable Area: the Gross Building Area less the area of the vertical penetrations for the elevators and any required stairwells within the perimeter of the Facility (e.g. there being two
(2) required stairwells in the initial Facility). Landlord and Tenant hereby agree that the Net Rentable Area of the initial Facility as shown on the Plans is ninety-five thousand two hundred and ten (95,210) square feet and such total
shall be deemed the Net Rentable Area of the Facility for all purposes under this Lease. 
 Non-Covered Costs: the costs
(including “soft” costs, such as a developer’s fee, architect’s and engineer’s fee, insurance, bonds, permits and other such items, and “hard” costs of such restoration): (i) of any Casualty-Related
Improvements, to the extent such cost is not covered by insurance proceeds actually recovered from the insurer; and (ii) of any Condemnation-Related Improvements, to the extent such cost is not covered by any payment which is actually received
by Landlord from the condemning authority for loss or damage to the remainder of the Premises not taken or condemned. 
 Option:
the meaning provided in Section 37 hereof. 
 Park: Barrett. 
 Plans: the meaning provided in Section 5 of the Pre-Occupancy Agreement. 
  

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 Premises: collectively, the Land, the Facility and the other improvements located on the
Land. 
 Pre-Occupancy Agreement: the Pre-Occupancy and Construction Agreement of even date herewith between Landlord and
Tenant. 
 QLMCI Adjustment Payment: the meaning provided in Section 7.1 hereof. 
 QLMCI Useful Life: the meaning provided in Section 7.1 hereof. 
 Qualified Legally Mandated Capital Improvement: the meaning provided in 7.1 hereof. 
 Reference Rate: the rate of interest announced by Wachovia Bank of Georgia as its lowest base rate or reference rate (which rate shall
change automatically and simultaneously with each change in the announced base rate or reference rate). If for any reason there is no such rate in effect at the time of any determination of the Reference Rate under this Lease, the Reference Rate
shall refer to a substantially equivalent publicly-announced rate by a money center bank having offices and branch bank locations in Georgia as is selected by Landlord. 
 Renewal Term: the meaning provided in Section 37 hereof. 
 Rent:
collectively, Base Rent and Additional Rent. 
 Sublease Profits: the excess of revenues generated by or consideration received
from the subleasing of the Premises or assignment of this Lease in whole or in part, over the Rent applicable thereto, after deducting the following costs of subletting or assignment: any period of rent concessions granted to the subtenant or
assignee, reasonable attorneys’ fees, reasonable commissions, tenant improvement allowances and the costs of improvements and alterations to the Premises made by or paid for by the sublessor or assignor in connection with the sublease or
assignment. 
 Substantial Completion Date: the meaning provided in Section 2 of the Pre-Occupancy Agreement. 

Taxes: the meaning provided in Section 6.1 hereof. 
 Tax Adjustment Statement: the meaning provided in Section 6.1(a) hereof. 
 Tax
Rent: the meaning provided in Section 6.1 hereof. 
 Tenant: the meaning provided in the Preamble. 
 Tenant Additions: any improvements or additions to the Premises that are included in the Tenant Plans and are paid for in full or in part by
Landlord. 
 Tenant’s Casualty Notice: the meaning provided in Section 23 hereof. 
 Tenant Delays: any interruption or delay at any time in the progress of a Casualty Restoration, a Condemnation Restoration or any other work
required to be performed by Landlord hereunder, if any, 

  

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which is the result of: (i) the performance of any work at the Premises by any of the Tenant Related Parties or any person, firm or corporation employed
by any of the Tenant Related Parties; or (ii) any other act or omission by the Tenant Related Parties (for example, but not by way of limitation, failure to timely respond to requests for information or approval of construction related
matters). In order to validly claim that a Tenant Delay has occurred hereunder, Landlord must give to Tenant written notice of such claim setting forth in reasonable detail the nature of and occurrence of such claimed Tenant Delay within ten
(10) days after Landlord first has received written notice of, or has actual knowledge of, the event or occurrence in question. 
 Tenant Improvements: any alterations, improvements or additions to the Premises which are not included in the Plans, whether made by Landlord on behalf of Tenant or by Tenant or Tenant’s agents or contractors, whether
temporary or permanent and whether or not requiring Landlord’s consent. 
 Tenant Plans: the meaning provided in
Section 5 of the Pre-Occupancy Agreement. 
 Tenant Related Parties: collectively, Tenant and its officers, shareholders,
directors, agents, employees, representatives, contractors, permitted sublessees and assigns, and the agents, employees, invitees, licensees, contractors, mechanics and suppliers of each. 
 Term; the meaning provided in Section 2 hereof. 
 Termination Date: the meaning provided in Section 2 hereof. 
 Unfinished
Space: the meaning provided in Section 38 hereof. 
 2. AGREEMENT TO LEASE. Landlord hereby leases to Tenant, and Tenant hereby
accepts, the Land, located in Cobb County, Georgia, together with all improvements now or hereafter located on the Land, including without limitation a building of ninety-eight thousand two hundred and sixty-eight (98,268) square feet of Gross
Building Area to be constructed thereon in accordance with the Plans pursuant to the Pre-Occupancy Agreement (such building being referred to herein as the “Facility”), for a term (the “Term) commencing on the
Commencement Date, and ending one hundred eighty (180) calendar months after the Commencement Date (the “Termination Date”); provided, however, that if the Commencement Date is not the first (1st) day of a calendar month,
the Term shall end one hundred eighty (180) calendar months after the first (1st) day of the calendar month immediately succeeding the calendar month in which the Commencement Date occurs, unless sooner terminated as provided herein,
subject to the agreements herein contained. 
 3. COMMENCEMENT DATE. Except as otherwise expressly provided for in this Lease or the
Pre-Occupancy Agreement, the “Commencement Date” shall be one hundred twenty-two (122) days after the later to occur of (i) the Substantial Completion Date, and (ii) June 1, 1996 (the “Anticipated
Commencement Date”). The parties shall confirm the date of the Commencement Date in writing as provided in Section 17 of the Pre- Occupancy Agreement. 
 4. RENT. Tenant shall pay Rent to Landlord at the office of Landlord or to such other person or at such other place as Landlord may designate on not less than ten (10) days prior written notice to
Tenant, without offsets or deductions of any kind whatsoever, except as otherwise expressly provided in the Lease, at the times and in the manner hereinafter set forth. 
  

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 5. BASE RENT. During the Term, Tenant shall pay Base Rent in accordance with the various Base Rent Rates
described in this Section 5. The Base Rent Rates for each of the first (1st) fifteen (15) Lease Years shall be as set forth on the schedule attached hereto as Exhibit B, as such exhibit may be amended pursuant to Sections 7 and
17 of the Pre-Occupancy Agreement. The Base Rent payable for each Lease Year shall be paid in twelve (12) equal monthly installments, paid in advance not later than the first (1st) day of each and every calendar month. If the Commencement
Date is other than the first (1st) day of a month, then the Base Rent for such initial month shall be prorated on a per diem basis for such fractional period. Payment of the Base Rent shall commence on the Commencement Date, subject to the rent
abatement provisions of Section 41. 
 6. TAX RENT AND ASSESSMENTS. In addition to paying the Base Rent specified in Section 5
hereof, Tenant shall pay “Tax Rent” and “Assessments” for each calendar year (or portion thereof) falling within the Term. Tax Rent and Assessments determined as provided below shall be paid at the same place as
Base Rent is to be paid. If the Term commences on any day other than the first (1st) day of a calendar year, or if the Term ends on any day other than the last day of a calendar year, the Tax Rent and Assessments with respect to each such
partial calendar year shall be prorated based on the number of days in the Term falling within such calendar year. 
 6.1. Tax Rent.

 (a) Tenant shall pay “Tax Rent” on a monthly estimated basis as hereinafter provided. Tenant
shall be obligated to deposit monthly with Landlord, or such other entity as Landlord may designate, on the first day of each and every month in the Term, a sum equal to 1/12th of Landlord’s reasonable estimate of the current amount of Taxes
levied with respect to the Premises, which monthly deposits need not be kept separate and apart by Landlord and shall be held by Landlord in such account or accounts as may be authorized by the then current state or federal banking laws, rules or
regulations and which monthly deposits shall be used as a fund to be applied, to the extent thereof, to the payment of Taxes as the same become due and payable. The existence of said fund shall not limit or alter Tenant’s obligation to pay the
Taxes for which the fund was created. Tenant’s monthly deposits of Tax Rent shall, at Landlord’s sole option, either (y) be placed into an interest-bearing account, or (z) be deemed to accrue interest at an agreed upon rate of
the Reference Rate (such interest, whether earned pursuant to item (y) or deemed accrued pursuant to item (z), or both, is hereinafter referred to as the “Tax Rent Interest”) first, to pay Tenant’s Tax Rent as and when
such payment of Taxes by Landlord occurs, in the event that Tenant’s estimated payments of Tax Rent are less than the Taxes actually due and payable by Landlord for the period in question; and second, to pay for the premiums due and
payable in connection with the rent insurance described in Section 22.2 below. 
  

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 On or prior to the Commencement Date, Landlord shall advise Tenant as to Landlord’s estimate of the
monthly deposits that will be required for the period commencing on the Commencement Date and ending on the December 31 immediately thereafter. As soon as reasonably feasible after Landlord’s receipt of tax bills with respect to each
applicable calendar year during the Term, Landlord will furnish Tenant a statement (the “Tax Adjustment Statement”) showing the following: (i) actual Taxes for the calendar year last ended and the amount of Taxes payable by
Tenant for such calendar year, (ii) the amount of additional Tax Rent due Landlord for the calendar year last ended, less credits for monthly deposits paid; (iii) the amount of interest accrued upon Tenant’s monthly Tax Rent, together
with a check from Landlord refunding such interest if not previously applied by Landlord to Tenant’s Tax Rent in the manner provided for above; (iv) the monthly deposits due in the current calendar year; and (v) a copy of the tax bill
or bills paid (or to be paid) by Landlord. Within thirty (30) days after Tenant’s receipt of each Tax Adjustment Statement, Tenant shall pay to Landlord: (i) the amount of additional Tax Rent (if any) shown on the Tax Adjustment
Statement to be due Landlord for the calendar year last ended; plus (ii) the amount which, when added to the monthly deposits theretofore paid by Tenant as Tax Rent for Tenant’s estimated Taxes in the current calendar year, will result in
Landlord having then received, for the current calendar year, the full monthly deposits due as Tax Rent for such estimated Taxes for such current calendar year as of the end of such 30-day period. 
 With respect to the last calendar year (or portion thereof) falling within the Term, Landlord’s estimate of the current annual Taxes shall be
increased by ten percent (10%) for purposes of determining the amount of Tenant’s deposits required hereunder during such last calendar year (or portion thereof) to account for any additional Tax Rent which may not be finally determined
until after the expiration of the Term. Tenant’s obligation to pay such additional Tax Rent shall survive the expiration or earlier termination of the Term. Tenant’s payment of the monthly deposit for each calendar year shall be credited
against the Tax Rent due with respect to such calendar year. If the monthly deposits paid by Tenant for any calendar year exceed the Tax Rent due for such calendar year, then Landlord shall give a credit to Tenant in an amount equal to such excess
against the Tax Rent due for the next succeeding calendar year, except that if any such excess relates to the last calendar year (or portion thereof) falling within the Term, then provided that no Default of Tenant exists hereunder, Landlord shall
refund such excess to Tenant within thirty (30) days after Landlord’s receipt of the final tax bill for such calendar year. 
 (b) Provided Tenant is not then in Default of this Lease, Tenant may request in writing no later than ten (10) business days after receipt of any tax bills from Landlord that Landlord contest or object to
the legal validity or amount of any Tax. Landlord shall notify Tenant in writing within ten (10) days after receipt of Tenant’s request whether Landlord has elected, in Landlord’s sole discretion, to pursue such contest.
Landlord’s notice shall contain the name or names of tax consultants Landlord is willing to retain in connection with such contest, including the method of billing that would be utilized in connection therewith. If Landlord elects to pursue
such contest, then Landlord shall diligently pursue such protest using tax consultants experienced in real estate tax matters and reasonably approved by Tenant (which approval shall not be unreasonably withheld or delayed), and all fees and costs
(including without limitation reasonable actual attorney’s fees ) incurred by Landlord in pursuing such contest regardless of the ultimate success thereof, shall be payable by Tenant as Additional Rent within fifteen (15) days after being
billed therefor. If Landlord declines to pursue such contest, then Tenant may pursue such contest provided: (a) Tenant is not then in Default of this Lease; (b) such protest is in good faith; and (c) Tenant timely pays to Landlord the

  

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Tax Rent with respect to the tax being contested as and when due and payable hereunder. With respect to any contested Tax required by the taxing body to be
paid under protest, Landlord shall apply the amount paid by Tenant to Landlord to the payment of such Tax, and shall at Tenant’s request do so under protest, signing such reasonable documents in connection therewith as Tenant shall request and
provide at Tenant’s cost. If payment of the contested Tax may be deferred pending determination of the contest, then Landlord shall defer the payment of such Tax pending such determination. All costs, fees, penalties and interest associated or
imposed in connection with such contest or protest shall be paid by Tenant, and Tenant hereby agrees to indemnify and hold the Landlord Related Parties harmless from and against any thereof. Provided Tenant is not in Default with respect to the
provisions of this Section 6.1, Tenant shall receive the benefit of any reduction in any contested Tax unless any applicable refund relates to a period of time which is not part of the Term, which amount, if any, shall belong to Landlord after
first being applied in accordance with the sentence next following. In any event, any net reduction or savings in Taxes shall be applied first, to Tenant’s payment of Taxes for the tax year in question, if not theretofore paid in full by
Tenant, and second, to the costs, expenses and fees (including without limitation reasonable actual attorneys’ fees and tax consultant fees paid or incurred by Tenant), and third, any excess or remaining amount not so applied
shall be applied or refunded in accordance with Section 6.1(a) above. 
 (c) “Taxes” shall mean all real
estate taxes and assessments (other than the Assessments), special or otherwise, levied or assessed upon or with respect to the Premises and/or Landlord’s leasehold interest in the Premises and/or Landlord’s leasehold interest in the
Premises with respect to each calendar year (or portion thereof) falling within the Term. Should any Governmental Authority having jurisdiction over the Premises (i) impose a tax, assessment, charge or fee against the Premises which Landlord
shall be required to pay, either in substitution for, or in addition to such real estate taxes, or (ii) impose an income or franchise tax or a tax on rents which may be in addition to or in substitution for a tax levied against the Premises,
then, in either of such events such substituted and/or additional taxes, assessments, fees or charges shall be deemed to constitute Taxes hereunder, but only to the extent that, they would be payable by Landlord even if the Premises was the sole
property of Landlord subject thereto and the Base Rent hereunder was the sole rent subject thereto. All fees and costs (including, without limitation, reasonable attorney’s fees and fees of tax consultants reasonably approved by Tenant, which
approval shall not be unreasonably withheld or delayed) incurred by Landlord in seeking to obtain a reduction of, or a limit on the increase in, any Taxes, in those instances where, without the request from Tenant, Landlord decides to pursue such
contest pursuant to Section 6.1(b) shall, regardless of whether any reduction or limitation is obtained, be payable in the first instance by Landlord; provided, however, that any net reduction or savings derived or resulting from such contest
shall be applied first, to such costs and expenses of Landlord, and second, the balance shall be applied in accordance with Section 6.1(b) above. In determining the amount of Taxes for any calendar year (or portion thereof)
falling within the Term, the amount of special assessments to be included shall be limited to the amount of any installment (plus any interest payable thereon) of such special assessment paid over the maximum period of time permitted by law. Except
as provided in the immediately preceding sentence, all references to Taxes “for” a particular calendar year shall mean Taxes levied, assessed or otherwise imposed for such calendar year without regard to when such Taxes are payable.

 6.2. Assessments. As a result of the Premises being located in the Park, Landlord is liable to the Association for the
payment of the Assessments. Landlord represents that the amount of Assessments for the 1995 calendar year is estimated to equal approximately $300.00 per acre. As 

  

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Additional Rent hereunder, Tenant shall pay all Assessments related to the Premises for each calendar year (or portion thereof) falling within the Term. If
any such Assessments relate to time periods which do not fall entirely within the Term, such Assessments shall be prorated based on the number of days in the Term falling within such time periods. After receipt of each bill or invoice for
Assessments with respect to a calendar year (or portion thereof) falling within the Term, Landlord shall promptly deliver a copy thereof to Tenant, accompanied by a statement setting forth the portion of such Assessments attributable to the Premises
and payable by Tenant (an “Assessment Notice”). Except as otherwise herein provided, Tenant shall no later than the earlier of thirty (30) days after receipt of any Assessment Notice or fifteen (15) days before such
Assessments are due, pay to the Association the full amount of Assessments due under such Assessment Notice; provided, however, that in no event shall Tenant be obligated to pay such Assessments earlier than fifteen (15) days after receipt of
any Assessment Notice. Within five (5) days following the date such Assessments are due, Tenant shall furnish Landlord with evidence of the payment of such Assessments in full. Notwithstanding the foregoing right of Tenant to pay Assessments
directly to the Association, Tenant shall pay Assessments when due hereunder to Landlord: (i) following a Default by Tenant with respect to any of its monetary obligations under this Lease; and (ii) during the final Lease Year of the Term
as hereinafter provided. On or before the first day of the last calendar month of the Term, Tenant shall pay to Landlord as an estimate of the Assessments for the remainder of the Term an amount ( the “Final Estimated Assessment
Payment”) obtained by multiplying the number of months (or portion thereof) remaining in the Term from the last applicable month through which Tenant has paid Assessment hereunder by the quotient derived by dividing one hundred ten percent
(110%) of the most recent ascertainable annual Assessments with respect to the Premises by 12. When, following the end of the Term, Landlord receives the actual invoice or bill for the Assessments which had been previously estimated, Landlord
shall promptly deliver a copy thereof to Tenant, accompanied by a final Assessment Notice stating any remaining amount due from Tenant for Assessments, or if the actual amount of Assessments is less than the Final Estimated Assessment Payment
theretofore paid by Tenant, the amount to be refunded by Landlord to Tenant. Any amount due from one party to the other under the preceding sentence shall be paid within thirty (30) days after the delivery of the final Assessment Notice.

 Without limiting any other obligations of Landlord or Tenant which shall survive the expiration or earlier termination of the Term,
Tenant’s and Landlord’s obligations to pay any amounts due in connection with Tax Rent and Assessments shall survive the expiration or earlier termination of the Term. 
 7. RESPONSIBILITY FOR MAINTENANCE, REPAIR AND OPERATIONS. 
 7.1. Tenant’s
Responsibilities. Except as otherwise expressly provided herein, Tenant shall, at Tenant’s sole cost and expense, manage, operate, repair, maintain, and improve and (as necessary) replace the Premises and the equipment, fixtures and
personal property located on the Premises in good condition and repair and in compliance, in all material respects, with all applicable Legal Requirements, In addition, and except as otherwise expressly provided herein, Tenant shall, at
Tenant’s sole cost and expense, make all Legally Mandated Capital Improvements and subject to the termination rights set forth in Section 23 hereof, shall pay the Non-Covered Cost of any Casualty-Related Improvement. All repairs,
replacements or maintenance performed by either Tenant or Landlord pursuant to this Section 7 shall be performed in a good and workmanlike manner in compliance with all applicable Guarantees, Legal Requirements and insurance requirements, using

  

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materials with a quality equivalent or better than those used in the original construction of the Facility, and to the extent applicable shall be subject to
Section 14 of this Lease. Tenant shall have no obligation to maintain, repair or replace the “structural components” (as defined in Section 7.2 below) of the Premises, except as expressly set forth in this Lease to the contrary.

 Notwithstanding anything herein to the contrary, Landlord agrees that, subject to the terms of this Section 7.1, it shall be
responsible for the payment to Tenant of its pro rata share of the reasonable cost of any Qualified Legally Mandated Capital Improvement (the “Landlord’s QLMCI Share”). For purposes of this Lease, the term
“Qualified Legally Mandated Capital Improvement” shall mean any Legally Mandated Capital Improvements that: (i) are made during the final three (3) Lease Years of the Term; (ii) cost in excess of $25,000.00 in any one
instance or more than $100,000.00 in the aggregate; (iii) are reasonably susceptible of continued use or reuse by office tenants; and (iv) are not the result of (a) the specific nature of Tenant’s non-office use of the Premises,
or (b) Tenant’s failure to properly perform its maintenance, repair and replacement obligations pursuant to and in accordance with this Section 7.1. Nothing in this grammatical paragraph shall limit, modify, release, waive or
terminate Tenant’s obligation to perform or cause to be performed all Legally Mandated Capital Improvements during the Term, including all Qualified Legally Mandated Capital Improvements. Landlord’s QLMCI Share shall be determined by
multiplying the reasonable cost of the applicable Qualified Legally Mandated Capital Improvement by a fraction, the numerator of which shall be the difference between the number of years (or portion thereof) in the useful life of the applicable
Qualified Legally Mandated Capital Improvement as reasonably estimated by Landlord’s engineer (the “QLMCI Useful Life”) and the number of years (or portion thereof) remaining in the Term from the date such Qualified
Legally Mandated Capital Improvement is required by the applicable Governmental Authority, and the denominator of which is the applicable QLMCI Useful Life. Landlord’s QLMCI Share shall be payable to Tenant within thirty (30) days after
the Qualified Legally Mandated Capital Improvement is completed and Tenant furnishes Landlord with verifiable supporting documentation reflecting the actual costs thereof, together with evidence of the payment thereof in full. 
 Notwithstanding the foregoing, if any time after the calculation and payment of Landlord’s QLMCI Share, Tenant desires to exercise the Option or to
otherwise re-lease the Premises for an extended period on terms other than pursuant to the Option, then in either case, Landlord’s QLMCI Share shall be adjusted by recalculating the numerator in the foregoing formula taking into account the
number of years (or portion thereof) in such extended Term toward the end that Landlord shall be responsible for the precise amount of Landlord’s QLMCI Share based on such extended Term. Tenant shall, as Additional Rent hereunder, reimburse
Landlord for the applicable overpayment of Landlord’s QLMCI Share (the “QLMCI Adjustment Payment”) at the following times: (i) in the case of the exercise of the Option, concurrently with Tenant’s delivery of the
final binding written exercise notice pursuant to Section 37(B) hereof; and (ii) in the case of any other extension of the Term, concurrently with Tenant’s execution and delivery to Landlord of any applicable amendment to this Lease
or a new lease agreement, as the case may be. Anything herein to the contrary notwithstanding, if Tenant has previously exercised the Option or agreed to re-lease the Premises for an extended period on terms other than pursuant to the Option, then
any Legally Mandated Capital Improvement required prior to the expiration of the initial Term hereof that otherwise satisfies the second, third and fourth requirements in the definition of Qualified Legally Mandated Capital Improvement, shall not
satisfy the first requirement and, accordingly, shall not be deemed a Qualified Legally Mandated Capital Improvement hereunder and shall be performed by Tenant at Tenant’s sole 

  

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cost and expense (unless in the case of an extension other than pursuant to the Option, the time remaining in the initial Term, when added to the extension
term is less than one (1) year.) [By way of example without limitation: Example 1 - assume that at the end of the fourteenth (14th) Lease Year a Qualified Legally Mandated Capital Improvement with an 8 year useful
life is required for $100,000.00. In this Example 1, Landlord’s QLMCI Share would be $87,500.00 (reflecting $100,000 multiplied by [8 minus 1] divided by 8). Example 2 - assume the same facts as in Example 1 except that
Tenant exercises the Option. In this Example 2, Landlord’s QLMCI Share will be adjusted by recalculating the numerator of the formula based on the 5-year extension of the Term. In this case, Landlord’s QLMCI should have been $25,000
(reflecting $100,000.00 multiplied by [8 minus 6] divided by 8), as opposed to the $87,500.00 theretofore paid by Landlord. Accordingly, a QLMCI Adjustment Payment in the amount of $62,500.00 would accompany Tenant’s final binding written
exercise notice pursuant to Section 37(b) hereof.] 
 7.2. Landlord’s Responsibilities. Except as may be otherwise
expressly provided in the Pre-Occupancy Agreement or this Lease, Landlord shall have no obligation to provide any services to, or in connection with, the Premises, or any responsibility for the management, operation, repair, maintenance or
replacement of capital improvements with respect to the Premises. Anything in this Lease to the contrary notwithstanding, Landlord shall make, or cause to be made, all maintenance, repairs and/or replacements to the “structural components”
(as hereinafter defined) of the Facility; and any repairs or replacements otherwise required to be made by Tenant pursuant to Section 7.1 above, but which arise as a result of any act or omission of Landlord Related Parties (including, without
limitation, Landlord’s failure to perform ordinary, routine or scheduled maintenance obligations with respect to the roof required pursuant to this Section 7.2, or such other ordinary, routine or scheduled maintenance obligations as may be
required by the terms and provisions of any applicable Guarantee pertaining to or covering an item for which Landlord is responsible hereunder, and any costs that would have been covered under any such Guarantee but for any Landlord Related
Parties’ act or omission that negated any such Guarantee). For purposes of this Lease, the phrase “structural components” shall mean the roof (up to the mechanical equipment curbs), foundation, concrete floors and structural supports
of the Facility. The cost of any such maintenance, repairs and/or replacements to structural components shall be the sole responsibility of Landlord, except to the extent such costs arise as a result of any act or omission of Tenant Related Parties
(including, without limitation, Tenant’s failure to perform ordinary, routine and/or scheduled maintenance obligations required pursuant to Section 7.1 hereof, or as may be required by the terms and provisions of any applicable Guarantee
pertaining to or covering an item for which Tenant is responsible under Section 7.1 above, and any costs that would have been covered under any such applicable Guarantee but for any Tenant Related Parties’ act or omission that negated any
such Guarantee), in which event, the cost of such repair or replacement shall be paid by Tenant within thirty (30) days after Landlord bills Tenant therefor. 
 In addition to any other rights reserved to Landlord pursuant to the terms of this Lease, Landlord reserves the right at any reasonable time during the Term upon not less than three (3) business days prior
written notice to Tenant (except in the event of an emergency) to have the roof inspected by an experienced roofing consultant or contractor as may be recommended by the roof manufacturer or roof Guarantee (or designated by Landlord in the absence
of any such recommendation). Landlord reserves the right, upon not less than ten (10) days’ prior written notice to Tenant, to enter into a maintenance contract with an experienced roofing contractor reasonably acceptable to Landlord who
shall perform such maintenance and care on behalf of Landlord, and shall have the right to enter upon 

  

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the Premises at such time or times each Lease Year as are reasonably necessary or appropriate to do so, subject to the notification and other requirements
set forth herein. 
  

 -13- 

 Tenant shall notify Landlord in writing of any required repairs or necessary replacements to the
structural components of the Facility. Landlord shall not be required to commence any such repair or replacement until Landlord has received Tenant’s written notice. Landlord shall commence and complete repairs or replacements required pursuant
to this Section 7.2 as soon as is reasonably practicable following Landlord’s receipt of Tenant’s notice, not to exceed thirty (30) days; provided, however, that if such repair or replacement is not capable of being completed
within said 30-day period (including due to any Tenant Delay or any delay due to Force Majeure) then Landlord will be deemed in full compliance with the terms of this Section 7.2 as long as Landlord commences such repair or replacement within
said 30-day period and thereafter diligently prosecutes same to completion to the extent within its reasonable control. If Landlord fails to perform any repair or replacement required pursuant to this Section 7.2 within said 30-day period (or
such extended period as provided above where the repair or replacement is not capable of being completed within said 30-day period), then Tenant may furnish Landlord with a written notice of non-compliance with the terms of this Section 7.2. If
Landlord fails to complete the required repair or replacement within fifteen (15) days after Landlord’s receipt of Tenant’s notice of non-compliance, then Tenant may, at its option, exercised by giving Landlord written notice thereof,
take reasonable measures to complete any such repair or replacement required pursuant to the terms of this Section 7.2. If Tenant so completes such repair or replacement, Landlord shall pay Tenant the reasonable cost thereof that otherwise
would have been Landlord’s cost hereunder within thirty (30) days following Landlord’s receipt of a bill therefor, together with supporting invoices reflecting the reasonable cost thereof. If Landlord fails to pay such bill within
said 30-day period, Tenant may set-off the amount of said bill (together with interest thereon at the rate specified in Section 35.2 hereof on the unpaid and unapplied amount due hereunder from time to time) from the next Rent payments due
under this Lease. Notwithstanding the foregoing, the rights granted Tenant pursuant to this grammatical paragraph are granted without prejudice to Landlord’s right to contest Tenant’s ability to exercise same and/or the amount of costs
incurred thereby. 
  

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 8. SERVICES. Tenant shall be responsible for contacting the appropriate municipality and public utility
companies to ensure continuity of all utility services upon the Commencement Date and to establish and maintain utility services in Tenant’s name and for Tenant’s account, and for paying to such entities any installation and service fees
or charges which are not Landlord’s responsibility pursuant to the Pre-Occupancy Agreement. For purposes of clarifying the immediately preceding sentence, Landlord shall make available, at Landlord’s cost, to the Facility all necessary
utility services which shall include electric, gas, water, sewer and telephone (including all permits required by any Governmental Authority for the installation of same, if any); provided, however, Tenant acknowledges and agrees that:
(i) Tenant shall be responsible for the installation of its telephone and computer cables, equipment and facilities within the Facility; (ii) Tenant shall be responsible for the payment of all monetary deposits, if any, required by any
applicable utility company or Governmental Authority to establish service in the Tenant’s name at the Facility; and (iii) cable television service is not available in the Park and Landlord shall have no obligation to provide same. Landlord
and Tenant shall operate to provide information to each other regarding the reading of meters, the changeovers in filings and other like matters relating to Tenant’s taking responsibility for utilities under this Lease. From and after the
Commencement Date Tenant shall pay utility providers directly for all utility services furnished to the Premises. Landlord does not warrant that any of the services will be free from interruptions. Any such interruption of service shall never be
deemed an eviction (actual or constructive) or a disturbance of Tenant’s use and possession of the Premises or any part thereof and shall never render Landlord liable to Tenant under this Lease for damages, by abatement of Rent or otherwise, or
relieve Tenant from performance of Tenant’s obligations under this Lease. Notwithstanding the foregoing, in the event any such interruption: (i) is caused solely by Landlord’s performance or non-performance (or any Landlord Related
Party’s performance or non-performance) of its obligations under this Lease; and (ii) the Facility or a portion thereof is rendered untenantable and Tenant does not in fact occupy, or cease to occupy, such portion of the Facility, then in
such event, Tenant shall promptly notify Landlord in writing of the occurrence of such untenantability and Rent shall abate on a per diem basis commencing on the first date of untenantability and ceasing at such time as the Facility, or applicable
portion thereof, as the case may be, is fully tenantable, such abatement to be in an amount bearing the same ratio to the total amount of Rent due for such period as the untenantable portion of the Facility from time to time bears to the entire
Facility, but in any event, such abatement shall become effective if and only to the extent Landlord receives the proceeds of any rent insurance carried by Tenant pursuant to Section 22.2 hereof. Notwithstanding the immediately preceding
sentence, if Tenant is entitled to abate Rent pursuant to the immediately preceding sentence but for Landlord’s receipt of rent loss proceeds, and if Tenant has satisfied the insurance requirements of this Lease with respect to such rent loss
coverage, then if the applicable insurer cannot or refuses to pay proceeds that otherwise would have been payable under such rent loss insurance policy; through no fault of any Tenant Related Parties, then in such event, Tenant shall be entitled to
abate Rent in accordance with the terms of the preceding sentence regardless of Landlord’s receipt of rent loss insurance proceeds. In any event where Landlord or any Landlord Related Party is the cause of untenantability with respect to the
Facility, Landlord shall, at its sole cost and expense, take such action as shall be necessary to render the Facility tenantable again as soon as is reasonably practicable, subject to any Tenant Delays or any delay due to Force Majeure. 

9. USE. Tenant shall not use or occupy the Premises, or permit the Premises to be used or occupied, for any use other than for general office, research,
storage, distribution and light manufacturing uses, including, without limitation, use as a biomedical company engaged in various design, development, light manufacturing, marketing, licensing and other business endeavors and including, without
limitation, the manufacture of bioadhesives; provided, however, that at all times during the Term, the portion of the Facility devoted to general office and research uses shall in no event be modified in a manner that will cause the then existing
parking areas, facilities and ratios on and with respect to the Premises to violate any applicable Legal 

  

 -15- 

 
Requirements. Tenant shall not use or occupy the Premises, or permit the Premises to be used or occupied contrary to any Guarantees or Legal Requirements; or
in any manner which would violate any certificate of occupancy affecting the same; or which would cause structural injury to the facility or any other improvements on the Premises or in the Park; or which would invalidate the amount of premiums for
any policy of insurance affecting the Premises; or would create a nuisance. Anything in this Lease to the contrary notwithstanding, Landlord agrees that from and after the date of this Lease, Landlord shall not, and for so long as Landlord maintains
legal control over the Association pursuant to the Declaration, Landlord will not cause the Association to voluntarily create any covenants, conditions or restrictions affecting the Premises that will materially and adversely interfere with the
Tenant’s use of the Premises for the general purposes set forth in this Section 9, or, in particular, Tenant’s use of the Premises for or in connection with Tenant’s business use as a biomedical company engaged in various design,
development, light manufacturing, marketing, licensing and other business endeavors, including for example only, the low temperature preservation of cardiac valves, veins and other vascular tissues; and of meniscal, cruciate and other joint and
ligament tissues; and/or of other bodily tissues or substances; the design, development, manufacturing and/or marketing of bioadhesives; and the design, development and/or marketing of other related and unrelated biomedical products and procedures.

 10. DISCLAIMER OF WARRANTIES. Except as expressly provided in the Pre-Occupancy Agreement or this Lease, Landlord does not make, and Tenant
acknowledges that Landlord has not made any representation, warranty or guarantee, express or implied, with respect to this Lease, Landlord’s title to, or the present or future merchantability, condition, quality, durability, fitness or
suitability of the Premises or any part thereof in any respect or in connection with or for the purposes and uses of Tenant, or any other representation, guarantee, warranty or covenant of any kind or character, express or implied, with respect
thereto, and Landlord shall not be liable for any latent or patent defect therein, except as may be expressly provided under the Pre-Occupancy Agreement or this Lease. No promise of Landlord to construct. alter, remodel or improve the Premises, or
to contribute funds toward the construction, alteration, remodeling or improvement of the Premises, has been made by Landlord to Tenant other than as may be expressly contained herein or in the Pre-Occupancy Agreement. Landlord represents and
warrants to Tenant that it is the fee simple owner of the Land. Landlord also hereby represents and warrants to Tenant that this Lease, and Tenant’s proposed use of the Facility as described herein and constructed pursuant to the Pre-Occupancy
Agreement comply (or shall comply, as applicable) with the Declaration. Landlord further represents and warrants to Tenant that as of the Commencement Date of the Term, the Facility shall comply with all then applicable Legal Requirements (including
any administrative and judicial interpretations thereof), and the Declaration, as the same are in existence as of the Commencement Date. Landlord agrees that any violations of such then applicable Legal Requirements which are subsequently discovered
to have been in existence as of the Commencement Date shall be deemed to be a Covered Defect under the Amli Warranty; provided, however, that: (i) Landlord is notified in writing of such existing violation during the Amli Warranty Period; and
(ii) the violation of such then applicable Legal Requirement did in fact exist as of the Commencement Date; and (iii) the violation does not constitute and/or was not caused by an Amli Warranty Exclusion. Anything in this Lease to the
contrary notwithstanding, the representation, warranty and agreement of Landlord as provided in the preceding two sentences shall survive the Commencement Date for the duration of the Amli Warranty Period, it being expressly understood and agreed
that said representation, warranty and agreement shall expire concurrently with the Amli Warranty, except with respect to any such existing violation which (a) Landlord had been notified of during the Amli Warranty Period, and (b) is a
Covered Defect under the Amli Warranty as hereinabove provided. For purposes of this Section 10, the terms “Covered Defect,” “Amli Warranty,” “Amli Warranty Period” and “Amli Warranty Exclusion” shall
have the meanings provided such terms in the Pre-Occupancy Agreement. 
  

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 11. POSSESSION. Landlord makes no representation, warranty or guarantee that the Premises (or any part
thereof) will be substantially ready for occupancy on any specific date. Except as set forth in the Pre-Occupancy Agreement, this Lease shall continue in full force and effect regardless of any delay in the Commencement Date, and no liability shall
arise against Landlord out of any such delay other than as may be set forth in the Pre-Occupancy Agreement. If Tenant shall take possession of all or any part of the Premises prior to the Commencement Date, all of the covenants and conditions of
this Lease shall be binding upon the parties hereto as if the Commencement Date had been fixed as of the date when Tenant took such possession, and Tenant’s obligation to pay Rent prior to the Commencement Date shall be governed by the terms of
Section 14.2 and 14.3(b) of the Pre-Occupancy Agreement. 
 12. ASSIGNMENT AND SUBLETTING. Tenant may not, without Landlord’s prior
written approval, which approval may not be unreasonably withheld or delayed: (a) assign, convey or mortgage this Lease or any interest hereunder; (b) permit any assignment of, or lien upon this Lease or Tenant’s interest herein by
operation of law; (c) sublet the Premises or any part thereof; or (d) permit the use of the Premises by any parties other than Tenant, its agents and employees. The acts and events described in clauses (a)-(d) of the preceding
sentence are referred to herein collectively as “Transfers” and individually as a “Transfer”. It shall be “reasonable” grounds for the withholding or delaying by Landlord of its consent to a Transfer if
Landlord’s mortgagee of the Premises disapproves of such Transfer on a reasonable basis or delays its response thereto for a period of not more than fifteen (15) additional days. Tenant shall give Landlord written notice of any proposed
sublease or assignment at least thirty (30) days prior to the proposed effective date of such proposed sublease or assignment, which notice shall contain the name of the proposed sublessee or assignee, the proposed use of the Premises, the
proposed principal terms thereof, and such other information as Landlord may reasonably request to evaluate the character, reputation and creditworthiness of the proposed assignee or sublessee. 
  

 -17- 

 If Tenant is permitted to assign this Lease or sublease all or any portion of the Premises, regardless of whether
Landlord’s consent is required hereunder, Tenant agrees to pay to Landlord as Additional Rent 75% of any Sublease Profits derived by Tenant from such assignment or sublease. If the proposed use of the Premises may, in Landlord’s judgment,
exercised reasonably and in good faith, create greater environmental risks to Landlord or the Premises relative to Tenant’s use of the Premises on the Commencement Date, Landlord may withhold its consent (and such withholding shall be deemed
reasonable) until Landlord and such assignee or sublessee agree to amend this Lease to address such increased environmental risks to Landlord’s reasonable satisfaction; provided, however, that if Landlord determines, in its sole discretion,
that such increased environmental risks cannot be adequately addressed through an amendment to this Lease, Landlord may withhold its consent, and such withholding shall be deemed reasonable. Landlord may, in lieu of consenting to a reasonable
assignment or sublease of the entire Premises, elect to cancel the Lease. If Landlord wishes to exercise the foregoing cancellation option, Landlord shall, within thirty (30) days after Landlord’s receipt of Tenant’s notice of
proposed assignment or sublease, send to Tenant a notice so stating and in such notice Landlord shall specify the date as of which such cancellation shall be effective, which date shall be between the proposed effective date for the proposed
assignment or sublease and the date which is sixty (60) days thereafter. In the event of any such election by Landlord, Tenant may, within fifteen (15) days of Tenant’s receipt of Landlord’s cancellation notice, elect to rescind
its request for consent and thereby vitiate Landlord’s cancellation election. 
 Landlord’s consent to any assignment, subletting or transfer, or
Landlord’s election to accept any assignee, sublessee or transferee as Tenant hereunder, shall not release the original Tenant from any covenant or obligation under this Lease. However, Landlord’s election to cancel this Lease shall, upon
the effective date of such cancellation, release Tenant from any and all obligations arising or accruing from and after the date any such cancellation becomes effective. Landlord’s consent to any assignment or subletting shall not constitute a
waiver of Landlord’s right to consent to any future assignment or subletting. If, with respect to any permitted assignment or sublease hereunder, Landlord does not, or is not entitled to, exercise the cancellation right as hereinabove provided,
then any proposed assignment or sublease agreement shall be expressly subject to all the terms, conditions and covenants of this Lease and Landlord’s prior written consent, which consent shall not be unreasonably withheld or denied. Any
proposed assignment shall contain an express written assumption by assignee of all Tenant’s liabilities and obligations under this Lease. Any proposed sublease shall: (i) provide that the sublessee shall procure and maintain policies of
insurance as required of Tenant under Section 22.2 hereof; (ii) contain a provision for the benefit of Landlord, substantially in the form set forth in Section 22.1 hereof; (iii) provide for a copy to Landlord of notice of
default by either party; and (iv) otherwise be reasonably acceptable in form to Landlord. 
 Subject to all of the other terms and conditions of this
Section 12, Tenant may, without Landlord’s prior consent, without being subject to Landlord’s cancellation election and without the application of the division of Sublease Profits as set forth in the fifth sentence of the preceding
paragraph: (i) assign this Lease or sublease all or any portion of the Premises to Tenant’s parent corporation or any subsidiary or affiliated corporation (collectively, a “Related Entity”) or any entity that is controlled by or
under common control with a Related Entity; or (ii) assign this Lease to any corporation resulting from a merger or consolidation or to any person, corporation or other entity which acquires all or substantially all of the assets of Tenant
including, without limitation, the trademark or trade name of Tenant; or (iii) assign this Lease to any person, corporation or other entity which acquires control of Tenant; provided, however, in each instance that the “Base Net
Worth” (as defined in Section 40 below) requirements of this Lease continue to be satisfied, and Tenant is not in Default hereunder at such time. For purposes of the foregoing, the word “control” shall mean and refer to the

  

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ownership of in excess of fifty percent (50%) of the voting stock in any corporation, or of the shares or other indicia of ownership in any limited
liability company, or of the general partners’ interests in any partnership. 
 Except with respect to any assignment or sublease that does not require
Landlord’s prior written consent hereunder, Tenant shall pay to Landlord as Additional Rent hereunder, reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees) paid or incurred by Landlord in connection
with any proposed assignment or subletting hereunder. 
 13. LANDLORD’S ACCESS TO THE PREMISES. Tenant agrees to permit Landlord and any
authorized representatives of Landlord, to enter the Premises at all reasonable times (i.e. on business days and during business hours, unless otherwise specified by Tenant), on reasonable advance notice, except in the case of emergency, for the
purpose of inspecting same. Any such inspections shall be solely for Landlord’s purposes and may not be relied upon by Tenant or any other person. If in Landlord’s reasonable judgment, Tenant is in Default of any of its obligations under
this Lease beyond the expiration of any applicable cure period, in addition to any other rights and remedies available to Landlord hereunder, at law or in equity, Landlord may, but shall not be obligated to, perform such obligation for the account
and at the expense of Tenant, without notice (except as specified above) including, without limitation, the right to enter the Premises to make any repairs, replacements, alterations, improvements or additions, as Landlord shall reasonably deem
necessary to cure such Default by Tenant. All costs incurred by Landlord in performing such obligation (including, without limitation, the cost of all repairs, replacements, alterations, improvements and additions made by Landlord to the Premises to
cure such Default plus an additional twenty percent (20%) of such cost to cover Landlord’s overhead and related expenses) together with all reasonable actual attorneys’ fees and expenses incurred in enforcing any of Tenant’s
obligations under this Lease shall become Additional Rent due hereunder payable by Tenant on demand. At any time Landlord enters upon the Premises to perform such repairs, replacements, alterations, improvements or additions, during such operations,
Landlord shall have the right to take onto the Premises or any portion thereof, all material and equipment required, and to close and temporarily suspend operation of entrances, doors, corridors, elevators and other facilities in and to the
Facility, and to have access to and open all ceilings, without liability to Tenant by reason of interference, inconvenience, annoyance or loss of business; provided, however, that with respect to any work performed by or on behalf of Landlord
pursuant to this Section 13, Landlord shall, to the extent within its reasonable control, cause such work to be done in a manner so as not to unreasonably interfere with Tenant’s use of the Premises. Landlord may do any such work during
ordinary business hours, and Tenant shall pay Landlord for overtime and for any other expenses incurred if such work is done during other hours at Tenant’s request. 
 14. ALTERATIONS. Tenant shall not, without Landlord’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed by Landlord), make or cause to be made any
“material” Tenant Improvements. For purposes of this Lease the term “material” Tenant Improvements shall mean all Tenant Improvements which (i) affect the structure, systems (i.e. electrical, mechanical, plumbing, sewerage,
elevator and/or “HVAC”) or exterior appearance of the Facility, (ii) reduce the present fair market value of the Premises by more than $10,000.00 in any one (1) instance or by more than $100,000.00 in the aggregate,
(iii) require the demolition of existing improvements on the Premises which, taken together with the additions to be made by Tenant, result in a net reduction in the present fair market value by more than $10,000.00 in any one (1) instance
or by more than $100,000.00 in the aggregate, or (iv) cost in excess of $10,000.00 (it being hereby agreed to that the various dollar amounts set forth above in this sentence shall each be increased by three percent (3%) for each Lease
Year during the Term following the first Lease Year). The phrase material Tenant Improvements shall not include wallpaper or carpeting that needs to be replaced, or other cosmetic 

  

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changes to the interior of the Premises. Tenant shall give Landlord prior written notice of any intended Tenant Improvements, whether or not Landlord’s
consent is required for such work. 
 Tenant may, but shall not be required to, request that Landlord agree in writing prior to the installation of a
specific Tenant Improvement that Tenant may remove such Tenant Improvement at the expiration or earlier termination of this Lease. All Tenant Improvements, whether made by Landlord or Tenant in or upon the Premises shall, unless Landlord has
consented to or requests their removal by Tenant, become Landlord’s property and shall remain upon the Premises at the termination of the Lease by lapse of time or otherwise, without compensation to Tenant. If, prior to the installation of any
Tenant Improvements, Landlord agrees that such Tenant Improvements can remain or must be removed upon the expiration of the Term, Landlord’s decision shall be irrevocable unless the parties otherwise mutually agree in writing. If Landlord
requires the removal of such items as provided above, Tenant shall at its sole cost and expense, remove such items prior to the termination of the Lease or Tenant’s right to possess the Premises, and repair any damage to the Premises caused by
the installation of such items and/or by their removal, failing which Landlord may remove the same and repair the Premises and Tenant shall pay the cost thereof to Landlord upon demand. Notwithstanding anything contained herein to the contrary the
following items of property may be removed from the Premises by Tenant if such removal may be done without material structural damage to the Facility: Tenant’s movable furniture and other personal property, and, to the extent not included in
the Plans or installed as a replacement of items included in the Plans: Tenant’s trade fixtures and equipment. If Tenant does not remove such property by the earlier of (i) the date when Tenant vacates the Premises, and (ii) the
expiration of the Term or sooner termination of this Lease or Tenant’s right to possess the Premises, then Landlord may, at its option and at Tenant’s sole cost and expense, remove (and repair or restore any damage to the Premises caused
by such removal), store and warehouse such property at a location or locations determined by Landlord in its sole discretion. Regardless or whether Landlord elects to take any of the actions specified in the immediately preceding sentence, within
fifteen (15) days after the later to occur of the date of eviction, expiration or termination, as the case may be, at Landlord’s option, Tenant shall be conclusively presumed to have forever abandoned such property, in which event Landlord
may, at its option, elect to: (A) at Tenant’s sole cost and expense, without accepting title to such property, remove (and repair or restore any damage to the Premises caused by such removal), destroy, discard or otherwise dispose of all
or any part thereof without incurring liability to Tenant or to any other person; or (B) deem such abandonment as a conclusive presumption that Tenant has conveyed such proper to Landlord under this Lease as a bill of sale without payment or
credit by Landlord and, in either such event, without releasing Tenant from any obligations pursuant to this Section 14. Tenant shall pay Landlord upon demand all of the expenses incurred in taking any of the actions described in this
grammatical paragraph, which obligation shall survive the expiration of the Term or sooner termination of this Lease. 
 All Tenant Improvements shall
(i) be paid for by Tenant, (ii) comply with all applicable Guarantees, Legal Requirements and insurance requirements, (iii) be made in a good and workmanlike manner and incorporate only good grades of materials, (iv) be performed
by reputable contractors reasonably acceptable to Landlord (as determined by Landlord on the basis of creditworthiness, skill, experience with regard to the scope of work required and reputation in the Atlanta community of contractors, all such
factors in fair and reasonable relationship to the scope, size, and duration of the work required by Tenant) employed by Tenant under written contracts previously approved in writing by Landlord (which approval shall not be unreasonably withheld or
delayed), and (v) be performed subject to any other conditions Landlord may reasonably impose including, without limitation, requiring Tenant to furnish Landlord with security for the payment of all costs to be incurred in connection with such
Tenant Improvements and insurance against liabilities which may arise out of such work, as determined by Landlord. Notwithstanding the requirements in the preceding sentence, 

  

 -20- 

 
the requirements specified in clauses (iv) and (v) above shall only apply to “material” Tenant Improvements hereunder. 
 Tenant shall permit Landlord to supervise the construction of any Tenant Improvements. Tenant shall reimburse Landlord, as Additional Rent hereunder, for any fees,
costs, charges and expenses incurred by Landlord to any third parties in connection with Landlord’s review of any plans, specifications or drawings related to “material” Tenant Improvements. In addition, Landlord shall charge a
supervising fee with respect to “material” Tenant Improvements equal to the greater of $500.00 or three percent (3%) of the total cost of such work including without limitation, all labor and material costs, if Tenant’s employees
or contractors perform such work. Tenant shall pay to Landlord, within fifteen (15) days after being billed therefor from time to time, and/or to Tenant’s contractor as the case may be, when due, the cost of all such work and all
applicable reimbursements and supervision fees, and if payment is made directly to Tenant’s contractor, upon completion of all such work, Tenant shall deliver to Landlord evidence of payment and full and final waivers of all liens for labor,
services or materials. Tenant shall furnish to Landlord, prior to the commencement of any Tenant Improvement, copies of all plans and specifications prepared at Tenant’s expense by architects and engineers acceptable to Landlord, and building
permits and certificates of appropriate insurance and evidence of payment thereof, if such permits or insurance are required; provided, however, that plans and specifications shall not be required with respect to “non-material” Tenant
Improvements unless otherwise required by any applicable Legal Requirements. Tenant shall furnish to Landlord, promptly after completion of any “material” Tenant Improvement, as-built plans and specifications for such Tenant Improvement.
Tenant shall indemnify, defend and hold all Landlord Related Parties harmless from all costs, damages, liens and expenses related to any Tenant Improvements performed by or under the direction of Tenant, whether performed in compliance with this
Section 14 or any other conditions imposed by Landlord; provided, however, such indemnity (and the covenant against liens provided in Section 16 hereof) shall not apply in the event: (i) Landlord or its contractors perform the Tenant
Improvements pursuant to this Section 14; (ii) Tenant timely pays Landlord all costs, expenses, fees and reimbursements due hereunder in connection with such Tenant Improvements; and (iii) Tenant Related Parties do not cause Landlord
Related Parties to incur additional costs, damages, expenses or liabilities in connection with any such Tenant Improvement (any such additional costs, damages, expenses or liabilities caused by Tenant Related Parties being covered by Tenant’s
indemnity and covenant against liens). For purposes of this Lease, the term “non-material” Tenant Improvements shall mean any Tenant Improvements that do not constitute “material” Tenant Improvements hereunder requiring
Landlord’s prior written consent as provided herein. Landlord agrees that Tenant may make or cause to be made any “non-material” Tenant Improvements without first obtaining Landlord’s prior written consent, subject to the other
terms and conditions of this Section 14. 
 15. CERTAIN RIGHTS RESERVED BY LANDLORD. Landlord shall have the following rights, exercisable
without notice (except to the extent expressly provided herein) and without liability to Tenant for damage or injury to property, person or business and without effecting an eviction, constructive or actual, or disturbance of Tenant’s use or
possession of the Premises or giving rise to any claim for damages, set-off or abatement of Rent: 
 (a) if required by
the County or any other Governmental Authority, to change the Facility’s street address upon thirty (30) days prior written notice; 
 (b) to the extent any of the following items are not designated in the Plans, to approve (which approval shall not be unreasonably withheld or delayed) prior to installation, all types of 

  

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window shades, blinds, drapes, awnings, window ventilators and other similar equipment, and all internal lighting that may be visible from the exterior of
the Facility; 
 (c) to show the Premises to prospective purchasers and lenders at reasonable hours upon reasonable
prior oral notice during the entire Term, and to prospective tenants at reasonable hours upon reasonable prior oral notice during the last twelve (12) months of the Term, and if the Premises are vacated in a manner which constitutes a Default
by Tenant under Section 19 hereof, to prepare the Premises for re-occupancy. 
 (d) to have and retain a paramount
title to the Premises free and clear of any act of Tenant purporting to burden or encumber it; 
 (e) to impose
reasonable conditions on the movement and location of equipment and articles in and about the Facility so as not to exceed the live load specified in the Plans; and 
 (f) to retain at all times, and, subject to the notification requirements set forth in this Lease, to use in furtherance of
Landlord’s rights under the Lease, keys and security access cards and/or codes to all doors within and into the Facility. No locks or security access cards and/or codes within or into the Facility shall be added or changed without
Landlord’s prior written consent, which consent shall not be unreasonably withheld or delayed. Landlord shall keep all keys and security access cards under Landlord’s control. Failure by Landlord to use any key or access card or code shall
never render Landlord liable to any Tenant Related Party in the event: (i) Landlord has not previously been provided all applicable keys, security cards and/or access codes in accordance with this Section 15(f); and/or (ii) access is
required in the event of emergency and such keys, security cards and/or access codes are not immediately available. 
 16. COVENANT AGAINST
LIENS. Except as otherwise expressly provided in Section 14 hereof, Tenant covenants and agrees not to suffer or permit any mechanic’s or materialmen’s lien to be placed against the Premises or any portion thereof, and in case
of any such lien attaching, to either (i) promptly pay off and remove the same, or (ii) within sixty (60) days after the attachment thereof, contest such lien in compliance with all applicable laws, codes, ordinances, judgments, rules
and regulations, and obtain, at Tenant’s expense, title insurance from a title insurance company reasonably acceptable to Landlord, or provide Landlord with alternate security reasonably satisfactory to Landlord insuring over any lien which may
arise from non-discharge of such lien, and to the extent different from any security provided at Landlord’s request and in addition to (and not in limitation of) any security provided at Landlord’s request, Tenant shall comply with all
reasonable terms, conditions, and requirements imposed on Landlord by any lender which has, or in the future shall have a lien on the Premises or any portion thereof. Such terms, conditions and requirements may include, but not be limited to,
posting of adequate security; provided, however, than in no event shall Tenant ever be required to provide security in any form which, in the aggregate, will exceed 200% of the lien claim being contested. If any such lien attaches, and Tenant fails
to remove or contest the same in accordance with this Section 16, Landlord may but shall not be obligated to pay the amount necessary to remove the same without being responsible for making an investigation as to the validity or accuracy
thereof, and the amount so paid, together with all reasonable costs and expenses (including, without limitation, reasonable actual attorneys’ fees) incurred by Landlord in connection therewith, shall be paid by Tenant to Landlord as Additional
Rent. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon 

  

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Landlord’s title or interest in the Premises or any portion thereof, and any and all liens and encumbrances created by Tenant shall attach to
Tenant’s interest only. 
 17. WAIVER OF CLAIMS; INDEMNIFICATION. 
 17.1. Waiver of Claims. Except as otherwise expressly provided in the Pre-Occupancy Agreement or in this Lease (including, without
limitation, Sections 7.2 and 17.3 hereof), Tenant waives for itself and for the Tenant Related Parties all claims any may have against the Landlord Related Parties for any damage either to person or property sustained by the Tenant Related Parties
or by other persons due to the Premises or any part thereof or any appurtenances thereof or improvements thereon not being in good condition or becoming out of repair, or due to the happening of any accident in or about the Premises, or due to any
act or neglect of any person including the Landlord Related Parties to the extent permitted by law. This provision shall apply particularly (but not exclusively) to damage caused by water, snow, frost, steam, sewage, gas, faucets and plumbing
fixtures, and shall apply without distinction as to whether the damage was due to any of the causes specifically enumerated above or to some other cause of an entirely different kind. Tenant further agrees that all Tenant’s property upon the
Premises shall be there at the risk of Tenant only, and that Landlord shall not be liable for any damage thereto or theft thereof. Notwithstanding the foregoing, nothing in this Section 17.1 shall constitute a waiver by Tenant of the benefit
of, or otherwise limit, alter or terminate Tenant’s rights with respect to any Guarantees or the Amli Warranty as provided in the Pre-Occupancy Agreement. 
 17.2. Tenant’s Indemnification. Subject to Section 22.1 hereof, Tenant shall indemnify, hold harmless and defend the Landlord Related Parties from any and all losses, liabilities, obligations,
claims, damages, penalties, causes of action, liens, fines, interest, costs and expenses (including, without limitation, reasonable actual attorney’s fees and expenses) imposed upon, incurred by or asserted against Landlord Related Parties
(other than by reason of the negligence or more culpable conduct of Landlord Related Parties) with respect to: (a) any accident, injury to or death of persons or loss of or damage to property occurring on or about the Premises, or any part
thereof, or the adjoining properties, sidewalks, curbs, street or ways resulting from: (i) any act, work or thing done or permitted or omitted to be done with respect to the Premises or any portion thereof by Tenant Related Parties,
(ii) any use which may be made of the Premises by Tenant Related Parties and/or the conduct of Tenant’s business, or (iii) any of Tenant’s personal property, fixtures, apparatus, machinery and equipment now or hereafter located
upon the Premises; or (b) any failure on the part of Tenant Related Parties to perform or comply with any of the terms of this Lease or any other agreement affecting the Premises. 
 17.3. Landlord’s Indemnification. Subject to Section 22.1 hereof, Landlord shall indemnify, hold harmless and defend the Tenant
Related Parties, from any and all losses, liabilities, obligations, claims, damages, penalties, causes of action, liens, fines, interest, costs, and expenses imposed upon, incurred by or asserted against Tenant (other than by reason of any act or
omission of Tenant Related Parties), including without limitation reasonable actual attorney’s fees and expenses, with respect to any claim of damage or injury to persons or property arising out of the negligent or more culpable conduct of
Landlord Related Parties or the Landlord’s breach under this Lease. 
 18. NON-WAIVER. The waiver by either party of any breach of any
term, covenant or condition herein contained shall only be effective if it is in writing. No waiver of any condition expressed in this Lease shall be implied by any neglect of either party to enforce any remedy on account of the violation of such
condition if such violation be continued or repeated subsequently, and no express waiver shall affect any condition other 

  

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than the one specified in such waiver and that only for the time and in the manner specifically stated. No receipt of moneys by Landlord from Tenant after
the termination in any way of the Term or of Tenant’s right of possession hereunder or after the giving of any notice shall reinstate, continue or extend the Term or affect any notice given to Tenant prior to the receipt of such moneys, it
being agreed that after the service of notice of the commencement of a suit or after final judgment for possession of the Premises, Landlord may receive and collect any Rent due, and the payment and receipt of said Rent shall not waive or affect
said notice, suit or judgment. 
 19. REMEDIES. 
 19.1. Tenant Default. It shall be a “Default” by Tenant under this Lease if: (a) Tenant shall fail (i) to pay Base Rent or Tax Rent or Assessments or any installment thereof on
its due date and such failure shall continue for five (5) business days after written notice thereof from Landlord to Tenant; or (ii) to pay any other amount due under this Lease on the due date, and such failure continues uncured for ten
(10) days after written notice; or (iii) to perform any other obligation under this Lease, and such failure continues for thirty (30) days after written notice, provided, however, that if such failure cannot, using reasonable efforts,
be cured within such 30-day period, such period shall be extended for an additional reasonable period of time so long as Tenant begins to cure during such 30-day period, is diligently attempting to cure such failure and keeps Landlord apprised of
its diligent efforts at least once every two weeks (unless such failure gives rise to a hazardous condition requiring immediate cure, in which case Tenant must commence its efforts to cure such failure immediately and prosecute such cure as quickly
as is possible using its best reasonable and diligent efforts); or (b) the leasehold interest of Tenant shall be levied on under execution or other legal process which is not dismissed within sixty (60) days after such levy; or (c) an
Event of Bankruptcy (hereinafter defined) occurs; and upon a Default, Landlord may treat the occurrence of any one or more of the foregoing events as a breach of this Lease, and thereupon at its option may, without notice or demand of any kind to
Tenant or any other person, have any one or more of the following described remedies in addition to all other rights and remedies provided in this Lease, at law or in equity; 
 (a) Landlord may terminate this Lease and the Term created hereby, in which event Landlord may forthwith repossess the Premises in
accordance with law, and be entitled to recover from Tenant: (i) all Rent accrued and unpaid for the period up to and including the date of termination; plus (ii) a sum of money equal to Landlord’s reasonable estimate of the amount of
Rent that would be payable from the date of such termination through the balance of the anticipated Term discounted over the remaining Term to its present value at a rate equal to the Reference Rate, less the fair rental value of the Premises for
said period discounted over the remaining Term to its present value at a rate equal to the Reference Rate, taking into consideration (and reducing said fair rental value by) the reasonably estimated time, cost and expenses of reletting and
retrofitting the Premises, it being agreed by Landlord and Tenant that such sum shall be final and liquidated damages for Landlord’s loss of future Rent (and not a penalty) because of the difficulty, inconvenience, expense and uncertainty of
ascertaining actual damages, and such sum represents Landlord’s and Tenant’s best estimate of Landlord’s damages because of Landlord’s loss of future Rent; plus (iii) any other sum of money and damages (other than for
damages claimed under clauses (i) and (ii) of this Section 19(a)) owed by Tenant to Landlord. 
 (b)
Landlord may terminate Tenant’s right of possession without terminating this Lease, and may repossess the Premises by forcible entry or detainer suit or otherwise, in which event Landlord may, but shall be under no obligation to, relet the
same for the account of Tenant, for such 

  

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rent and upon such terms as shall be satisfactory to Landlord. For the purpose of such reletting, Landlord is authorized to reasonably decorate and make any
repairs, changes, alterations or addition in or to the Premises that may be reasonably necessary or appropriate, and Tenant shall, upon written demand, pay the cost thereof. If the Premises are relet and a sufficient sum shall not be realized from
such reletting to pay all of the costs and expenses (i) of such decoration, repairs, changes, alterations and additions, (ii) of such termination and reletting (including, without limitation, all brokerage, advertising, and legal
expenses), and (iii) of the collection of the rent accruing therefrom, and to satisfy the Rent provided for in this Lease, then Tenant shall satisfy and pay any such deficiency upon demand therefor from time to time, or at Landlord’s
discretion, in a lump sum equal to the present value of such sum discounted over the remaining Term at a rate equal to the Reference Rate, provided that the rent and terms obtained by Landlord are (or have been) obtained as a result of
arms’-length negotiations with a bona fide third party. Tenant agrees that Landlord may file suit to recover any sums falling due under the terms of this paragraph from time to time and that no suit or recovery of any portion due Landlord
hereunder shall be any defense to any subsequent action brought for any amount not theretofore reduced to judgment in favor of Landlord. Anything in this Section 19(b) to the contrary notwithstanding, Landlord agrees to use reasonable efforts
in good faith to mitigate its damages resulting from Tenant’s default. 
 (c) The following shall be
“Events of Bankruptcy” under this Lease: 
 (i) If Tenant shall file in any court a petition in bankruptcy or
insolvency for reorganization or arrangement within the meaning of the Federal Bankruptcy Code, (or for reorganization or arrangement under any similar bankruptcy or reform act now or hereafter in effect for the same or similar relief), or for the
appointment of a receiver or trustee of all or a portion of Tenant’s property; or 
 (ii) If any involuntary petition
shall be filed against Tenant, and such petition shall not be vacated or withdrawn within ninety (90) days after the date of filing thereof; or 
 (iii) If Tenant shall make an assignment for the benefit of creditors; or 
 (iv) If Tenant
shall be adjudicated a bankrupt; or 
 (v) If a receiver shall be appointed for Tenant’s property by order of a court of
competent jurisdiction (except where such receiver shall be appointed in an involuntary proceeding and be withdrawn within ninety (90) days from the date of his appointment). 
 In the event that Tenant abandons or vacates the Premises for ninety (90) consecutive days during the Term of this Lease, then Landlord may terminate
this Lease and the Term created hereby, in which event Landlord may forthwith repossess the Premises in accordance with law, and such repossession shall be the sole remedy of Landlord as long as no Default otherwise exists. 
  

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 19.2. Landlord’s Defaults. Except as otherwise specifically set forth in
this Lease to the contrary, in the event of any default by Landlord under this Lease, Tenant’s sole and exclusive remedies shall be an action for actual loss and damages; and/or if permitted by applicable law, an action for specific performance
and/or injunctive relief; and/or, only in connection with a monetary default of Landlord, as provided for below, the right of deduction or set-off against Rental due Landlord, Tenant hereby waiving any claim for indirect, special or consequential
damages except as specifically set forth in this Lease to the contrary. Prior to any such action or remedy, Tenant will give Landlord and any holder of Landlord’s Mortgage (as hereinafter defined) written notice specifying such default with
particularity (provided, however, Tenant shall only be obligated to send a notice to such holder if Tenant has previously been notified in writing of the identity and address of such holder by either Landlord or such holder). Landlord shall then
have ten (10) days in which to cure any monetary default, and thirty (30) days to cure any non-monetary default. However, in the event any such non-monetary default cannot with reasonable diligence be cured within such thirty (30) day
period, then Landlord shall have such additional reasonable period of time as is necessary to cure such default so long as Landlord commences such cure within such thirty (30) day period and shall diligently prosecute in good faith such cure to
completion. In such event Landlord agrees to keep Tenant apprised of its diligent efforts at lease once every two weeks (unless such default involves a hazardous condition requiring immediate cure, in which cure Landlord must commence its efforts to
cure such default immediately and prosecute such cure as quickly as is possible using its best diligent efforts). Unless and until Landlord fails to cure any default after such notice and during the applicable cure period, Tenant shall not have any
remedy or cause of action by reason thereof, except as follows: in the event that a non-monetary default of Landlord in question poses an imminent risk or threat of damage or injury to persons or property, or results in circumstances reasonably
considered to constitute an emergency, then, in any of such events, such default shall be deemed material and Tenant shall have the right, at its sole election, to immediately (or at any time thereafter) undertake such corrective and/or remedial
work as is reasonably necessary to abate the circumstances of the emergency in question or eliminate the risk or threat of injury or harm to persons or property. In such event, Landlord agrees to reimburse Tenant for all reasonably necessary costs
and expenses incurred by Tenant in connection with such remedial or corrective work, such reimbursement to be made within thirty (30) days after receipt of an invoice therefor from Tenant. In the event that such reimbursement, or any other sum
due or owing by Landlord to Tenant under this Lease, is not paid within thirty (30) days after the due date for such payment, then such amount shall bear interest at a rate equal to the Reference Rate plus two percent (2%), and, in addition to
any and all other remedies which Tenant may have or pursue under this Lease and/or Georgia law, Tenant shall have the right, at its sole election either to pay its Rentals thereafter due in an aggregate amount equal to the amount claimed to be due
by Landlord to Tenant into an escrow with an independent third-party or into the registry of a court, or to off-set the amount claimed to be due from Landlord to Tenant against the Rentals owed by Tenant to Landlord hereunder until such amount has
been credited in full. Tenant agrees to accept the cure by any holder of a Landlord’s Mortgage of any and all of Landlord’s defaults hereunder should any such holder elect, in its sole discretion, to undertake the cure of such defaults,
but Tenant acknowledges that no such holder is under any obligation to do so. 
 20. SURRENDER OF POSSESSION. At the termination of this Lease
by lapse of time or otherwise, or upon termination of Tenant’s right to possession without terminating this Lease, Tenant shall surrender possession of the Premises to Landlord and deliver all keys to the Facility to Landlord, and shall return
the Premises and all equipment and fixture descried in Section 14 hereof to Landlord in as good condition as when Tenant originally took possession, except for ordinary wear and tear, and where Landlord or Tenant has elected to terminate this
Lease pursuant to Section 23 or Section 24 hereof, loss or damage resulting from Casualty or Condemnation, failing which Landlord may restore the Premises and such equipment and fixtures 

  

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to such condition, and Tenant shall pay the cost thereof to Landlord on demand. Tenant’s obligations under this Section 20 shall survive the
termination of this Lease by lapse of time or otherwise. 
 21. HOLDING OVER. If Tenant retains possession of the Premises or any part thereof
after the termination of this Lease, whether by lapse of time or otherwise, or after a termination of Tenant’s right to possess the Premises, then Landlord may, at Landlord’s sole election at any time after the termination of this Lease or
Tenant’s right of possession, serve not less than thirty (30) days prior written notice on Tenant that such holding over constitutes either: (a) the creation of a month-to-month tenancy upon each of the terms herein provided as may be
applicable to such month-to-month tenancy, except that Tenant shall pay to Landlord Base Rent for each month or portion thereof in the amount set forth below, plus all Tax Rent and Assessments coming due during such period, or (b) the creation
of a tenancy at sufferance upon each of the terms herein provided as may be applicable to such tenancy at sufferance, except that Tenant shall pay to Landlord a per diem rent equal to the per diem Base Rent set forth below, plus the per diem amount
of all Tax Rent and Assessments. If no written notice is served by Landlord within thirty (30) days after the expiration or termination of the Term hereof, then a month-to-month tenancy with rent stated as in (a) above shall have been
created. The provisions of this Section 21 shall not operate as a waiver by Landlord of any right of re-entry herein provided. If Tenant remains in possession more than one hundred eighty (180) days after the expiration of the Term, at
Landlord’s option expressed in a written notice to Tenant delivered no later than ten (10) days after such 180-day period and not otherwise, such holding over shall constitute a renewal of this Lease for a period of one (1) year
commencing on the first (1st) day after the expiration of the Term at the Base Rent and set forth below, plus all Tax Rent and Assessments coming due during such period. In addition to and not in limitation of all other remedies set out in this
Section 21, Tenant shall be liable for all damages (consequential as well as direct) sustained by Landlord on account of Tenant’s holding over. If Tenant reasonably anticipates that it will need to hold-over, then it shall promptly notify
Landlord thereof if, as and when Tenant makes such determination. Tenant agrees to use its best reasonable, good faith efforts to make such determination at least ninety (90) days prior to the expiration of the Term, if it is reasonably
practical for Tenant to do so; or as soon thereafter as is reasonably practical. 
 Subject to the foregoing, Base Rent payable during any holding over shall
be as follows: 
 (a) During the first ninety (90) days following the termination date of this Lease or the termination
of Tenant’s right of possession: one hundred twenty-five percent (125%) of the Base Rent for the calendar month immediately preceding the termination date of the Lease or the termination of Tenant’s right of possession; and

 (b) From and after the ninety-first (91st) day following the termination of the Lease or the termination of
Tenant’s right of possession: one hundred fifty percent (150%) of the Base Rent for the calendar month immediately preceding the termination date of the Lease or the termination of Tenant’s right of possession. 
 22. INSURANCE. 
 22.1. Waiver of
Subrogation. Landlord and Tenant each hereby waive any and every claim for recovery from the other for any and all loss of or damage to the Premises or any part thereof or to the contents thereof, which loss or damage is covered by valid and
collectible fire and extended coverage insurance policies, to the extent that such loss or damage is recoverable under said insurance policies (or, if a party fails to carry any insurance policy required under this Section 22, to the extent
that such loss or damage incurred 

  

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by such party would have been recoverable if such insurance policy had been in effect). Inasmuch as this mutual waiver will preclude the assignment of any
such claim by subrogation (or otherwise) to an insurance company (or any other person), Landlord and Tenant each agree to give each insurance company which has issued, or in the future may issue, to it policies of fire and extended coverage
insurance, written notice of the terms of this mutual waiver, and to have said insurance policies properly endorsed, if necessary, to prevent the invalidation of said insurance coverage by reason of said waiver. 
 22.2. Liability and Hazard Insurance. From and after the Commencement Date Tenant shall at all times during the Term and at its sole cost
and expense (except as specifically set forth to the contrary below) maintain policies of insurance as follows: 
 (a)
Comprehensive general liability insurance against claims for bodily injury, death and property damage occurring in or about the Premises, including but not limited to, all elevators in the Facility and in and about any street, alleys, sidewalks
or parking areas, malls, vaults, or passageways located on the Premises, in amounts not less than $2,000,000.00 with respect to the personal injury or death or any one person, $4,000,000.00 with respect to the personal injury or death occurring or
resulting from any one occurrence, and $1,000,000.00 with respect to property damage. 
 (b) Physical damage insurance
covering all tenant’s equipment, trade fixtures and personal property, and all Tenant Improvements to be written on an “all risks” of physical loss or damage basis, for the full replacement cost value of the covered items, and in
amounts that meet any coinsurance clause of the insurance policies. 
 (c) Workmen’s compensation insurance in the
usual and customary form providing coverage against loss or damage resulting from any accident or casualty within the purview of the Georgia Workmen’s Compensation Law and in any amount as required from time to time by statute. 
 (d) Insurance against loss or damage to the Facility by fire, explosion, windstorm, malicious mischief, vandalism, and all other
casualties that are covered by extended coverage, and from other hazards as may be covered by the form of “broad form” property damage insurance then in effect, in an amount at least equal to 100% of the replacement cost (exclusive of cost
of excavations, foundations and footings) of the Facility, with a deductible not to exceed $10,000.00. For the purpose of determining the amount of insurance required hereunder, Landlord may request a written appraisal furnished by an insurance
company insuring the Facility not more frequently than once every year, and the cost of such appraisal, if any, shall be borne by Tenant. 
 (e) Rent insurance, with extended coverage, in an amount not less than the sum of one (1) year’s then current annual Base Rent and one year’s anticipated Additional Rent. In any event, the amount
of such coverage shall not be less than the amount required to prevent any coinsurance provisions from becoming effective. Notwithstanding the foregoing, it is hereby understood and agreed to by Landlord and Tenant that Landlord shall cause such
rent insurance to be procured and maintained at all times during the Term, and that the premiums payable for such rent insurance shall be paid as follows: first, the Tax Rent Interest shall be used and applied to pay for such rent insurance
premiums and/or deductibles; and second, Tenant shall pay the amount, if any, by which such premiums exceed such Tax Rent Interest. 
  

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 (f) Boiler and machinery insurance inclusive of coverage for pressure vessels and
air conditioning compressors with an endorsement for actual replacement cost without depreciation. 
 (g) Excess or
umbrella liability insurance coverage providing coverage in an amount equal to at least an additional $2,000,000.00 coverage with respect to personal injuries to or death of any one person, and at least an additional $4,000,000.00 with respect to
personal injury or death occurring or resulting from any one occurrence. 
 All insurance policies required under this Lease and the Pre-Occupancy Agreement
shall satisfy and comply with the requirements of this Section 22.2. All such insurance shall be procured from a responsible insurance company or companies authorized to do business in the State of Georgia with a credit rating of “A”
or better and listed as Class IX or higher in the most current issue of the Best Key Rating Insurance Guide. All insurance maintained by Tenant shall: (i) except for that described in clauses (b) and (c) above, name Landlord, Amli
Realty Company, Tenant, and if requested by Landlord, any mortgagee of the Premises, as insured, as their respective interests may appear; (ii) provide that any losses shall be payable notwithstanding any act or negligence of Landlord or Tenant
or either party’s “Related Parties” and waive subrogation rights against either negligent party or that party’s “Related Parties”; (iii) provide that no material modification or cancellation thereof shall be
effective until at least thirty (30) days after receipt by Landlord and Tenant and all other parties named as insureds pursuant to clause (a) of written notice thereof; and (iv) be reasonably satisfactory to Landlord in all other
respects, including the increases in coverages and limits which Landlord may from time to time reasonably request based on such coverages and limits as customarily procured and maintained in connection with similar properties and transactions in the
suburban Atlanta metropolitan area. 
 On or prior to the Substantial Completion Date and thereafter not less than thirty (30) days prior to the
expiration date of any policy delivered pursuant to this Section 22.2, Tenant shall deliver to Landlord a Certificate showing Landlord as the “Certificate Holder” with respect to any policy or renewal policy, as the case may be,
required by this Lease, bearing notations evidencing the payment of all premiums for the next 12-month period, and shall deliver to Landlord certified true copies of such policies. For purposes of this Section 22.2, as soon as is reasonably
practicable, Landlord shall provide Tenant with notice of its reasonable estimate of the Substantial Completion Date to enable Tenant to timely procure the insurance required hereunder. 
 If at any time during the Term, Tenant shall fail, neglect or refuse to procure any of the insurance coverages required pursuant to this Section 22.2, or shall fail, neglect or refuse to deliver to Landlord
within the designated time the insurance policy or policies or certificates of insurance required to be delivered hereunder, then Landlord may, but shall not be obligated to do so, and without releasing Tenant from any obligations hereunder, procure
or renew such insurance and obtain the policy or policies or certificates of insurance required hereunder, and any amounts paid therefor by Landlord, together with an administrative charge equal to ten percent (10%) of such sums shall
constitute Additional Rent due within five (5) days after Landlord bills Tenant therefor. Landlord agrees that it shall furnish Tenant with written notice of its intent to exercise its rights to procure or renew the insurance required
hereunder. 
  

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 23. CASUALTY. If the Facility or any portion thereof or any other part of the Premises shall be
damaged, destroyed or contaminated by fire, tornado, flood or any other casualty or peril (including without limitation, release of any Hazardous Material) (any such occurrence being referred to as a “Casualty”), Tenant shall immediately
notify Landlord thereof. Within ten (10) business days after the Casualty, Tenant shall employ an architect licensed by the State of Georgia, and Tenant, with the advice and assistance of such architect, shall give written notice
(“Tenant’s Casualty Notice”) to Landlord as promptly as practicable following the Casualty, but in no event later than sixty (60) days thereafter, which shall state: (a) Tenant’s architect’s reasonable
estimate of the time to substantially complete the Casualty Restoration; and (b) Tenant’s architect’s reasonable estimate of the costs required to complete the Casualty Restoration (including “soft” costs, such as a
developer’s fee (if applicable), architect’s and engineer’s fee, insurance bonds, permits and other such items, and “hard” costs of such restoration). “Casualty Restoration” shall mean the restoration of the
Facility in all material respects to its condition prior to the Casualty (but in no event to exceed the scope of the Plans) so that upon completion of same, the value and rental value of the Premises shall be at least equal to the value and rental
value of the Facility immediately prior to the Casualty. If Landlord fails to object in writing to the estimates contained in Tenant’s Casualty Notice such estimates shall be deemed approved for purposes of this Section 23. If
Tenant’s Casualty Notice provides that the estimated length of time that will be required to substantially complete the Casualty Restoration exceeds twelve (12)months from the date of the Casualty, and Landlord disagrees with said estimate,
Landlord shall notify Tenant in writing within ten (10) days following Landlord’s receipt of Tenant’s Casualty Notice, in which event, Landlord shall have an additional twenty (20) day period to employ an architect and to deliver
its estimate of such time to Tenant. If the estimate of Landlord’s architect provides that the time required to substantially complete the Casualty Restoration will exceed twelve (12) months from the date of Casualty, Tenant’s
estimate shall be deemed confirmed and approved by Landlord. If the estimate of Landlord’s architect provides that the time required will not exceed said 12-month period, Landlord’s architect and Tenant’s architect shall promptly
mutually select a third architect whose estimate of such time shall be: (i) made within ten (10) days following his or her appointment; and (ii) final and conclusive on both Landlord and Tenant. Landlord and Tenant shall bear the
costs of their respective architects for purposes of the foregoing provision. The cost of the third architect shall be divided equally between Landlord and Tenant. With respect to a Casualty that occurs during the last twelve (12) months of the
Term, in the event Tenant’s architect estimates that the cost of the Casualty Restoration would exceed fifteen (15%) percent of the replacement cost of the Facility (exclusive of excavations, foundations and footings) and Landlord
disagrees with such estimate, the foregoing procedure to arrive at an approved time estimate shall be employed with respect to such cost estimate. 
  

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 23.1. Termination Election. Subject to the terms of this Section 23.1, if the final
approved estimate of the time to substantially complete the Casualty Restoration exceeds twelve (12) months from the date of the Casualty, or if less than six (6) months shall remain in the Term upon completion of such Casualty
Restoration, then, in either of such events Tenant may, at its option, elect to terminate this Lease by giving Landlord written notice thereof no later than fifteen (15) days after the time estimate is finally approved or deemed approved as
hereinabove provided, which notice shall specify the effective date of such termination. Subject to the terms of this Section 23.1, if the Casualty occurs during the last twelve (12) months of the Term and the estimated cost of the
Casualty Restoration as set forth in Tenant’s Casualty Notice would exceed fifteen percent (15%) of the replacement cost of the Facility (exclusive of excavations, foundations and footings), then Tenant may elect to terminate this Lease,
or if such estimated cost would exceed thirty percent (30%) of such replacement costs, then Landlord may elect to terminate this Lease, by giving written notice to the other party no later than fifteen (15) days after the cost estimate is
finally approved or deemed approved as hereinabove provided, which notice shall specify the effective date of such termination. If either party elects to terminate this Lease pursuant to this Section 23.1, this Lease shall terminate as of the
date specified in the notice of said election, which date shall not be less than thirty (30) nor more than one hundred twenty (120) days after delivery of any such notice from Tenant, and which date shall not be less than sixty
(60) nor more than one hundred twenty (120) days after delivery of any such notice from Landlord, and Tenant shall deliver up possession of the Premises to Landlord on or before such termination date and Rent shall be apportioned and paid
to the date of delivery of possession or the termination date, whichever is later. Anything in this Lease to the contrary notwithstanding, if the Casualty was caused in whole or in part by the gross negligent or more culpable act or omission of any
Tenant Related Party, Tenant may not terminate this Lease pursuant to this Section 23. Any Casualty which may give rise to termination under this Section 23.1 is hereinafter referred to as a “Section 23.1 Casualty”. 

23.2. Tenant’s Obligation to Restore. After the rights, if any, of both parties to terminate this Lease pursuant to Sections 23.1
and 23.3.3 hereof have been waived in writing or have expired without being exercised, then, provided amounts, if any, required to be deposited with the Depository pursuant to Section 23.3 hereof have been so deposited, Tenant shall proceed
with all reasonable diligence, to complete the Casualty Restoration; provided, however, at Tenant’s request, Landlord shall perform the Casualty Restoration subject to the terms of this Section 23. No Casualty Restoration shall be
commenced until Tenant has first satisfied the following requirements: (a) such plans and specifications therefor as required to satisfy clause (e) of this Section 23.2 below, prepared by a licensed architect, shall be submitted to
and approved by Landlord; (b) Tenant shall furnish to Landlord an estimate of the cost of the proposed work certified by the architect who prepared such plans and specifications; (c) all contracts for any proposed work to which Tenant is a
party shall be submitted to and approved by Landlord; (d) Tenant shall furnish or cause to be furnished to Landlord evidence of insurance coverages in amounts satisfactory to Landlord and protecting Landlord against liability and property
damage to any person or property, on or off the Premises, arising out of and during the performance of such Casualty Restoration; and (e) Tenant shall procure all necessary permits, licenses, approvals and authorizations required pursuant to
all Legal Requirements with respect to the Casualty Restoration. All Casualty Restoration work performed by or on behalf of Tenant shall be performed in a good and workmanlike manner, using materials with a quality equivalent or better than those
used in the original construction of the Facility, in compliance with all applicable Legal Requirements, insurance requirements and the terms of this Lease. 
 23.3. The Depository; Payment of Costs of Casualty Restoration. 
  

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 23.3.1 All sums payable by reason of the Casualty, including net insurance
proceeds, if any, amounts due from Tenant pursuant to Section 23.3.2 hereof, amounts due from Landlord pursuant to Section 23.3.3 hereof, and any amounts paid by any third parties, shall be deposited with the Depository, as escrowee, to be
available for the Casualty Restoration; provided, however, that the Depository shall not be required hereunder if the cost of the Casualty Restoration is less than $100,000.00, unless otherwise required by Landlord’s mortgagee. The Depository
shall pay out construction funds from time to time on the written direction of Landlord, which shall not be unreasonably withheld, conditioned or delayed by Landlord, subject to the terms of Section 23.3.4 hereof and such other reasonable
conditions as may be imposed by Landlord’s mortgagee. At all times the undisbursed balance remaining in the hands of the Depository shall be at least sufficient to pay for the cost of completion of the Casualty Restoration free and clear of
liens. “Depository” shall mean: (a) the person or entity selected by Landlord’s mortgagee, if any; of (b) if there is then no mortgagee or Landlord’s mortgagee fails to select or approve of a person or entity to act as
Depository, such person or entity (including Landlord) as Landlord and Tenant may jointly select; provided, however, that if: (i) Tenant shall be required to deposit any funds into the Depository in excess of $50,000 or (ii) the total
estimated cost of the Casualty Restoration is equal to or greater than $100,000, the person or entity acting as Depository shall be Chicago Title Insurance Company or such other reputable title insurance company as may be mutually acceptable to
Landlord and Tenant. Subject to the approval of Landlord’s mortgagee related to the type of investment permitted for such funds and such conditions as the Depository may impose, the Depository shall place the funds deposited with it in an
interest-bearing account, and any interest earned thereon shall be applied to the cost of the Casualty Restoration or refunded to the appropriate party or parties after the actual cost of the Casualty Restoration is finally determined. If the actual
cost of the Casualty Restoration is less than the aggregate amount deposited by the parties in the Depository, then the excess funds shall be promptly refunded to the appropriate party. If the amount of insurance proceeds finally deposited with the
Depository is greater than the amount originally offered by the insurer, and as a result there are funds in the Depository in excess of the amount needed to complete the Casualty Restoration, such excess shall be promptly refunded to Tenant after
the actual cost of the Casualty Restoration is finally determined provided that the insurer does not require the refund of such excess deposit. 
 23.3.2 As soon as practicable after the insurance settlement offer, if any, has been made by the insurer or the insurer has notified Landlord and Tenant that the Casualty is not covered by any policy of
insurance required to be carried under Section 22.2 hereof, Landlord shall calculate the Non-Covered Cost, if any, of the Casualty Restoration, and shall make written request to Tenant for the payment of such Non-Covered Cost. Provided that the
parties have not elected to terminate this Lease as provided in Section 23.1 hereof or Landlord has not elected to terminate this Lease pursuant to Section 23.3.3 hereof, Tenant shall promptly pay such Non-Covered Cost to the Depository,
if any. All amounts due from Tenant under this Section 23.3.2 shall become Additional Rent. If Tenant fails to pay any amount due under this Section 23.3.2 Landlord may, but shall not be required to, pay such amount on Tenant’s
behalf, and such amount shall become Additional Rent. 
 23.3.3 If Landlord’s mortgagee elects to apply all or any
portion of the insurance proceeds payable as a result of a Casualty to the indebtedness secured by such mortgagee’s deed to secure debt on the Premises Landlord hereby representing and warranting to Tenant that any holder of a Landlord’s
Mortgage shall be required to do so, except in connection with a Section 23.1 Casualty, in which event such holder may elect not to do so), then, no later than thirty (30) days after Landlord has been notified by Landlord’s mortgagee
that such mortgagee intends to apply insurance proceeds to the mortgage debt, Landlord shall elect, which election shall be made in writing to Tenant, to either: (a) pay into the Depository an amount equal to the insurance proceeds applied by
Landlord’s mortgagee to the mortgage debt, or (b) terminate this Lease, which 

  

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termination shall be effective on the date set forth in Landlord’s notice, which date shall be no sooner than sixty (60) days and no later than one
hundred twenty (120) days after delivery of Landlord’s notice. If Landlord elects option (a) above, then Landlord shall deposit into the Depository the amount due from Landlord no later than thirty (30) days after Landlord has
delivered written notice of its election to Tenant. Notwithstanding anything to the contrary in this Section 23.3.3, if the sole reason Landlord’s mortgagee is applying insurance proceeds to the mortgage indebtedness is because Landlord is
in default under such mortgage, and Landlord’s default is solely the direct result of a Default by Tenant under this Lease, then Tenant shall be liable for the payment into the Depository of the amount of insurance proceeds applied to the
mortgage indebtedness in the same manner as if such amount were a Non-Covered Cost. Notwithstanding the foregoing, the right of any holder of a Landlord’s Mortgage to apply proceeds shall not apply with respect to any Casualty other than a
Section 23.1 Casualty, except for any Casualty wherein the cost of the Casualty Restoration is greater than sixty-five percent (65%) of the replacement cost of the Facility (exclusive of excavations, foundations or footings). 

23.3.4 All payouts by the Depository toward the costs of the Casualty Restoration shall be made after making provision for a
holdback of ten (10%) percent of the cost of such work and upon the written request of Tenant accompanied by the certificate of the architect or engineer in charge of the repairs and rebuilding stating: 
 (i) that the sum requested is due to the contractors, materialmen, laborers, engineers, architects or other persons (whose names and
addresses shall be stated) who have furnished services or materials for the Casualty Restoration, or is required to reimburse Tenant for expenditures made by Tenant in connection with the Casualty Restoration. 
 (ii) the progress of the Casualty Restoration and a certification that same has been made pursuant to and in accordance with Legal
Requirements set forth in Section 23.2 hereof; and 
 (iii) that in the opinion of the architect or engineer, the
remaining amount of the sum on deposit will be sufficient to pay for the balance of such Casualty Restoration work in full upon completion of the Casualty Restoration. 
 Tenant shall furnish the Depository, at the time of any such payment, statements and waivers of lien as may be required under the mechanic’s lien law of the State of Georgia to fully waive lien rights with
respect to any payment to be made, and an official title or other search, or other evidence satisfactory to the Depository, that there has not been filed with respect to the Premises any mechanics or other lien which has not been discharged of
record, in respect of any work, labor, services or materials performed, furnished or supplied, in connection with the Casualty Restoration, and that all of said materials have been purchased free and clear of any security agreement or title
retention agreement. The Depository shall not be required to pay out any sum when the Premises shall be encumbered with any such lien or agreement, or when Tenant is in Default under any covenant or obligation set forth herein. 
 23.3.5 In the event Tenant fails to commence the Casualty Restoration as required under this Section 23 within a reasonable
time after any damage or destruction (but in no event in excess of ninety (90) days, subject to any delay due to Force Majeure with respect to matters outside of the reasonable control of Tenant (as opposed to Landlord), excluding Tenant’s
inability to pay any Non-Covered Costs), and to thereafter diligently pursue the completion of same in accordance with the terms hereof, then at Landlord’s 

  

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option and subject to the notice and cure provisions of Section 19, clause (iii) above, Tenant shall be in Default under this Lease and in addition
to any remedy of Landlord provided for herein, at law or in equity, Landlord shall be entitled to terminate this Lease and to receive, retain or utilize, as the case may be, the balance of all insurance proceeds paid in connection with the Casualty
Restoration and the Non-Covered Costs in connection therewith whether in the hands of Landlord, Tenant or Depository, and ( in addition to any other right or remedy available to Landlord and any other liability or obligation of Tenant resulting from
such Default), Tenant shall, immediately upon Landlord’s request, execute and deliver any documents or instruments necessary or required to extinguish any right to claim of Tenant in and to such funds. 
 23.4. Rent Abatement. If as a result of any Casualty the Premises become untenantable in whole or in part, then Base Rent shall abate on a
per diem basis commencing on the first date of untenantability and ceasing at such time as the Casualty Restoration is substantially completed so as to render the Facility or the damaged or destroyed portion thereof fully tenantable, such abatement
to be in an amount bearing the same ratio to the total amount of Base Rent due for such period as the untenantable portion of the Facility from time to time bears to the entire Facility. For purposes of calculating the amount of the Base Rent
abatement pursuant to this Section 23.4, if more than eighty percent (80%) of the Facility is untenantable, the entire Facility shall be deemed untenantable unless Tenant is actually occupying (and the storage of Tenant’s property
shall be deemed to constitute occupation) a portion of the Facility, in which case the portion so occupied by Tenant shall be deemed tenantable. 
 23.5. Tenant Improvements. If any Tenant Improvements are damaged or destroyed by any Casualty, Tenant may restore the same at Tenant’s cost as provided in Section 14 hereof. 
 23.6. Casualty Prior to Commencement Date. The provisions of this Section 23 apply only to Casualty occurring after the Commencement
Date. Any Casualty occurring prior to the Commencement Date shall be governed by the Pre-Occupancy Agreement. 
 23.7. Landlord
Performance of Restoration at Tenant’s Request. If Landlord performs the Casualty Restoration at Tenant’s request, Landlord’s responsibility or liability (if any) to complete the Casualty Restoration by any date certain or for
any specific cost shall be subject to such further understanding or agreement as the parties may agree to at such time, and shall not be mandated or governed by this Section 23. Landlord’s obligation to restore shall be subject to all then
applicable Legal Requirements. Landlord shall have no obligation to rebuild, repair, replace or restore any part of Tenant’s furniture, equipment, fixtures, personal property or Tenant Improvements. Landlord reserves the right to enter upon the
Premises for the purpose of making the Casualty Restoration during regular business hours or otherwise and to temporarily close doors, entryways, spaces, and corridors and to interrupt or temporarily suspend services and facilities of the Premises.
No such entry by Landlord in performing any of the Casualty Restoration shall be deemed an eviction or disturbance of Tenant’s use or possession, or render Landlord liable for damages (except as otherwise expressly provided in this Lease) or
relieve Tenant from any obligation set forth herein except as may be expressly set forth in this Lease. Tenant shall promptly clean up or remove any of Tenant’s property if such action is reasonably necessary in connection with the Casualty
Restoration. 
 24. CONDEMNATION. Landlord shall promptly give Tenant written notice of a proposed Condemnation following Landlord’s first
receipt of notice thereof from the applicable Governmental Authority, or Landlord first having knowledge thereof, as applicable. If the Facility or any portion thereof or any other part of the Premises shall be taken or condemned by any competent
public authority for any public use or purpose, or if any adjacent property or street shall be condemned by any competent public authority for 

  

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any public use or purpose, or if any adjacent property or street shall be condemned or widened in such a manner as to require or permit the use of any part
of the Premises by any person or entity other than Landlord or Tenant or limit or prohibit the use of any part of the Premises theretofore enjoyed by Landlord or Tenant, or if all or any portion of the land is sold to a condemning authority under
threat of condemnation (any such occurrence being referred to as a “Condemnation”), Landlord shall give written notice to Tenant as promptly as practicable after becoming aware of the Condemnation, but in no event later than sixty
(60) days after becoming aware of such Condemnation, which shall state: (a) Landlord’s reasonable estimate of the cost required for the Condemnation Restoration (including “soft” costs, such as a developer’s fee (if
any), architect’s and engineer’s fee, insurance, bonds, permits and other such items, and “hard” costs of such restoration), and (b) whether Landlord has elected to exercise its option to terminate this Lease as provided in
Section 24.1 or 24.3.3 hereof, and if so the effective date of such termination. “Condemnation Restoration” shall mean the restoration of the Facility (so as to render same a complete architectural unit) and/or the parking area(s) (it
being understood that to the extent required, additional parking area(s) and/or levels may be created to provide parking spaces eliminated by the Condemnation) as nearly as possible to the quality and character as existed prior to such Condemnation,
subject to all then applicable Legal Requirements (but in no event to exceed the scope of the Plans). The costs of obtaining the estimates set forth in Landlord’s Condemnation Notice shall be included as a cost of the Condemnation Restoration.

 24.1. Election to Terminate. Either Landlord or Tenant may elect to terminate this Lease if, as a result of a Condemnation,
any one or more of the following occur: 
 (a) the square footage of the Facility is reduced by thirty-three and
one-third percent (33 1/3%) or more; or 
 (b) the area of the Land (net of the portion thereof which is occupied by
the Facility and the parking area(s)) is reduced by more than eighty percent (80%). 
 If Landlord has not elected to terminate this Lease, Tenant may elect
to terminate this Lease pursuant to this Section 24.1, by giving Landlord written notice thereof no later than thirty (30) days after receipt of Landlord’s condemnation notice and of Landlord’s termination election notice which
notice shall specify the effective date of such termination. In addition to the condition for termination as set forth in items (a) and (b) above, Tenant shall also have the right to elect to terminate in the event that the number of
parking spaces on the Premises is reduced such that, taking into account any increase in parking spaces which could be achieved in the course of Condemnation Restoration as set forth above, the ratio of remaining parking spaces to the remaining
square footage in the Facility is less than the lesser of the ratio of parking spaces to the square footage in the Facility which existed immediately prior to such Condemnation, or the minimum ratio then required by the County. If either party
elects to terminate this Lease, this Lease shall terminate as of the date specified in the notice of said election, which date shall not be sooner than one hundred eighty (180) days after delivery of such notice or the date when the possession
of the part condemned or sold shall be required for the use of the condemning authority (whichever is earlier), and shall not be later than the date when the possession of the part condemned or sold shall be required for the use or purpose for which
it is being condemned (unless otherwise agreed to with the condemning authority), and Tenant shall deliver up possession of the Premises to Landlord on or before such termination date and Rent shall be apportioned and paid to the date of such
termination. Any condemnation which can result in termination pursuant to this Section 24.1 is hereinafter referred to as “Section 24.1 Condemnation”. 
  

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 24.2. Landlord’s Obligation to Restore. After the rights, if any, of both parties to
terminate this Lease pursuant to Sections 24.1, 24.3.2 and 24.3.3 hereof have been waived in writing or have expired without being exercised, then this Lease shall continue in full force and effect with respect to the portion of the Premises not so
taken or condemned, and subject to the terms of Section 24.3.2 hereof, Landlord shall proceed with all reasonable diligence, subject to delays for Force Majeure and Tenant Delays, to complete the Condemnation Restoration. Landlord’s
obligation to restore shall be subject to all then applicable Legal Requirements. Any change in the design of the Premises from the Plans necessitated by the Condemnation Restoration shall be subject to Tenant’s reasonable approval. Landlord
shall have no obligation to rebuild, repair, replace or restore any part of Tenant’s furniture, equipment, fixtures, personal property or Tenant Improvements. Landlord reserves the right to enter upon the Premises for the purpose of making the
Condemnation Restoration during regular business hours or otherwise and to temporarily close doors, entryways, spaces, and corridors and to interrupt or temporarily suspend services and facilities of the Premises; provided, however, that Landlord
shall use reasonable efforts to not interfere with Tenant’s business while performing the Condemnation Restoration. No such entry by Landlord in performing any of the Condemnation Restoration shall be deemed an eviction or disturbance of
Tenant’s use or possession, or render Landlord liable for damages (except as otherwise expressly provided in this Lease) or relieve Tenant from any obligation herein set forth. Tenant shall promptly clean-up or remove any of Tenant’s
property if such action is reasonably necessary in connection with the Condemnation Restoration. 
 24.3. The Depositary; Payment of
Costs of Condemnation Restoration 
 24.3.1 That portion of any payment made to Landlord by the condemning
authority which is expressly made to compensate Landlord for loss or damage to the remainder of the Premises not condemned, net of Landlord’s reasonable actual attorneys’ fees and other reasonable costs and expenses allocable to obtaining
any payment made to Landlord by the condemning authority for loss or damage to the remainder of the Premises not taken or condemned, together with any amounts due from Tenant pursuant to Section 24.3.2 hereof, any amounts due from Landlord
pursuant to Sections 24.3.2 or 24.3.3 hereof and any amounts paid by any third parties, shall be deposited with the Depositary, as escrowee, to be available to Landlord for the Condemnation Restoration. The Depositary shall operate subject to the
provisions of Section 23.3.1 hereof. If the actual cost of the Condemnation Restoration is less than the aggregate amount deposited by the parties in the Depositary or if the amount of the award from the condemning authority for damage to the
remainder finally deposited with the Depositary is greater than the amount originally offered by the condemning authority, and as a result there are funds in the Depositary in excess of the amount needed to complete the Condemnation Restoration,
such excess shall be promptly refunded to Landlord after the actual cost of the Condemnation Restoration is finally determined, unless such excess is caused in whole or in part to any over-deposit of Non-Covered Costs paid by Tenant, in which event
such over-deposit shall be refunded to Tenant before the remaining excess funds are refunded to Landlord. 
 24.3.2 As
soon as practicable after the initial offer of a condemnation award for damage to the remainder, if any, has been made by the condemning authority or the condemning authority has notified Landlord that there will be no award for damage to the
remainder of the Premises, Landlord shall calculate the Non-Covered Cost, if any, of the Condemnation Restoration, and shall notify Tenant of the amount thereof. Anything to the contrary in this Lease notwithstanding, Landlord shall have no
obligation to pay any Non-Covered Costs with respect to any Condemnation Restoration. Provided that neither party has elected to terminate the Lease as provided in Section 24.1 hereof or Landlord has not elected to terminate the Lease as
provided in Section 24.3 hereof, if the amount of the net award received by Landlord is not sufficient to complete the Condemnation Restoration, then Landlord shall elect, which election shall be made in writing to 

  

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Tenant, to either: (a) pay into the Depositary an amount equal to the Non-Covered Cost of such Condemnation Restoration., or (b) not to pay the
Non-Covered Cost of such Condemnation Restoration. If Landlord elects option (a) above, then Landlord shall deposit into the Depositary the amount due no later than thirty (30) days after Landlord has delivered written notice of its
election to Tenant. If Landlord elects option (b) above, then Tenant shall elect, which election shall be made in writing to Landlord within (30) days after its receipt of Landlord’s election notice, to either: (i) agree to pay
the amount of the Non-Covered Cost into the Depositary for purposes of the completion of the Casualty Restoration (with no right to recoup, suspend, abate, or set-off such amount, or otherwise have such amount operate as a credit, against Rent in
any manner whatsoever); or (ii) terminate this Lease, which termination shall be effective on the date possession of the applicable portion of the Premises is taken by the applicable condemning Governmental Authority. If Tenant elects option
(i) above, then subject to Tenant’s payment of such Non-Covered Costs into the Depositary within thirty (30) days after the date of its exercise notice pursuant to this Section 23.3.2, Landlord shall complete the Condemnation
Restoration in accordance with the terms of Section 24.2 hereof. 
 24.3.3 Landlord hereby represents and warrants
to Tenant that no holder of a Landlord’s Mortgage may elect to apply the condemnation award in whole or in part to reduce the indebtedness secured by the Premises or to terminate this Lease under this Section 24, except in connection with
a Section 24.1 Condemnation. If Landlord’s mortgagee elects to apply all or any portion of the condemnation award for damage to the remainder to the indebtedness secured by such mortgagee’s deed to secure debt on the Premises, then,
no later than thirty (30) days after Landlord has been notified by Landlord’s mortgagee that such mortgagee intends to apply such condemnation award to the mortgage debt, Landlord shall elect, which election shall be made in writing to
Tenant, to either: (a) pay into the Depositary an amount equal to the condemnation award for damage to the remainder applied by Landlord’s mortgagee to the mortgage debt, or (b) terminate this Lease, which termination shall be
effective on the date set forth in Landlord’s notice, but in no event sooner than sixty (60) days and no later than one hundred twenty (120) days after delivery of Landlord’s notice when Tenant elects to proceed under option
(a) above within thirty (30) days after receipt of Landlord’s termination notice. If Landlord (or Tenant) elects option (a) above, then Landlord (or Tenant, as applicable) shall deposit into the Depositary the amount due from
Landlord (or Tenant) no later than thirty (30) days after Landlord has delivered written notice of its election to Tenant (or Tenant has delivered its election notice to Landlord, as applicable). Notwithstanding anything to the contrary in this
Section 24.3.3, if the sole reason Landlord’s mortgagee is applying the condemnation award to the mortgage indebtedness is because Landlord is in default under such mortgage, and Landlord’s default is solely the direct result of a
Default by Tenant under this Lease, then Tenant shall be liable for the payment into the Depositary of the amount of the condemnation award applied to the mortgage indebtedness. 
 24.4. Rent Abatement. If as a result of any Condemnation the square footage of the Facility is reduced, then Base Rent shall abate each
month for the remainder of the Term, commencing on the date the condemning authority takes possession of the condemned portion of the Facility, in an amount bearing the same ratio to the total amount of Base Rent due for such month as the condemned
portion of the Facility bears to the entire Facility. In addition, if as a result of any Condemnation Restoration, the remaining portion of the Facility becomes untenantable in whole or in part, then Base Rent shall abate on a per diem basis
commencing on the first date of untenantability and ceasing at such time as the Condemnation Restoration is substantially completed so as to render the Facility or the damaged or destroyed portion thereof fully tenantable, such abatement to be in an
amount bearing the same ratio to the total amount of Base Rent due for such period as the untenantable portion of the Facility from time to time bears to the entire Facility. 
  

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 24.5. Tenant Improvements. If any Tenant Improvements are taken or damaged or destroyed by
any Condemnation, Tenant may restore the same at Tenant’s cost as provided in Section 14 hereof. 
 24.6. Condemnation Prior
to Commencement Date. The provisions of this Section 24 apply only to Condemnation occurring after the Commencement Date. Any Condemnation occurring prior to the Commencement Date shall be governed by the provisions of the Pre-Occupancy
Agreement. 
 24.7. Tenant’s Participation in Condemnation Proceedings and/or Settlement; Tenant’s Right to Condemnation
Award. Tenant shall have no right to any apportionment of or share in any Condemnation award or judgment for damages made for the Condemnation of any part of the Premises or the Facility; provided, however, that: (a) Tenant may seek its
own award for moving costs, loss of or damage to Tenant’s trade fixtures, equipment and business, and loss of this Lease; and (b) if Tenant shall have made any Tenant Improvements, then, at Tenant’s written request Landlord shall
petition the court having jurisdiction over the Condemnation to determine the portion of the award allocable to Tenant for such Tenant Improvements, and, if the court makes such determination, Landlord shall assign to Tenant out of any award payable
to Landlord for the loss of the portion of the Premises being taken, a sum equal to the amount allocated by the court to such Tenant Improvements. The provisions of this Section 24.7 shall survive any termination of this Lease, provided that
such Condemnation occurs prior to such termination. Except as expressly set forth herein, Tenant shall not make claim for any award which would have the effect of diminishing in any way the award payable to Landlord on account of such Condemnation.

 25. EITHER PARTY’S PERFORMANCE OF THE OTHER PARTY’S OBLIGATIONS. If either party shall be in Default of its obligations under this
Lease, and such Default continues after the expiration of any applicable cure or grace period expressly provided for in this Lease, then the other party may perform such obligation for the account and at the expense of the defaulting party, without
notice. All reasonable costs incurred by a party in performing such obligation and all reasonable actual attorneys’ fees and expenses of a party incurred in enforcing any of the other party’s obligations under this Lease shall become
Additional Rent hereunder (if owed by Tenant), and shall be due and payable by Landlord to Tenant within thirty (30) days after being invoices for the same, if owed by Landlord to Tenant. If not paid by Landlord to Tenant within such 30-day
period, then Tenant may provide to Landlord a Notice of Default with respect thereto under Section 19.2 above, and pursue such rights and remedies with respect thereto as are provided for in or reserved by this Lease, including without
limitation the right to offset the amount of any final, non-appealable judgment in favor of Tenant for any such sums against the Rents thereafter due and payable hereunder, together with interest thereon at the Reference Rate plus two percent (2%).

 26. NOTICES. Unless otherwise provided for in this Lease all notices to be given by one party to the other under this Lease shall be in
writing, mailed, sent by reputable overnight courier or hand delivered as follows: 
  

			
	(a) To Landlord:	  	Amli Land Development-I Limited Partnership
		  	c/o Amli Realty Co.
		  	2100 RiverEdge Parkway
		  	Suite 420
		  	Atlanta, Georgia 30328
		  	Attn: Philip N. Tague

  

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 or to such other person or at such other address designated by notice sent to Tenant, and after
commencement of the Term with a copy to the address to which the Rent is payable. 
 (b) To Tenant: prior to the
commencement of the Term at the address above stated (Attn: Facility Manager or Real Estate Dept.) and after the commencement of the Term at the Premises (Attn: Facility Manager or Real Estate Dept.), or at any time to such other address designated
by notice to Landlord, with a copy to the following address: 
  

					
		 	Arnall, Golden & Gregory	 	
		 	2800 One Atlantic Center	 	
		 	1201 West Peachtree Street, N.W.	 	
		 	Atlanta, Georgia 30309-3450	 	
	.	 	Attn: Clinton D. Richardson, Esq.	 	

 Mailed notices shall be sent by United States certified or registered mail, postage prepaid.
Mailed notices shall be deemed to have been given three (3) business days after posting in the United States mails. Notices sent by overnight courier shall be deemed to have been given one (1) business day after delivery to the overnight
courier, and notices which are hand delivered shall be deemed to have been given on the day tendered for delivery. 
 27. ADDITIONAL COVENANTS OF
TENANT. Tenant hereby covenants and agrees, for itself, and the Tenant Related Parties, to be bound by the following provisions: 
 27.1. Signs. Any sign, lettering, picture, notice, or advertisement installed on the Premises, which is visible from outside the Facility, shall comply with all applicable Legal Requirements and shall be installed in such
manner, character and style as may be set forth in the Plans or as Landlord may otherwise approve in writing; provided, however, that with respect to exterior signage, Landlord and Tenant agree to cooperate with each other to arrive at a mutually
acceptable sign or signs that will be professionally prepared, in good taste commensurate with the standards and reputation of the Park and so as to otherwise satisfy all applicable Legal Requirements. Anything in this Lease to the contrary
notwithstanding but subject to the terms of this Section 27.1, Tenant may, at its option exercised by giving Landlord written notice not later than sixty (60) days prior to the expiration of the Term, remove at its expense any exterior
identification signage attached to the Facility, restoring the portion of the Facility affected by the sign to the condition which exists prior to the installation thereof and repairing or restoring, as the case may be, any damage caused to the
Premises in connection therewith including, without limitation, any remaining part of the sign that is permitted to remain attached to the Facility pursuant to this Section 27.1. Notwithstanding the foregoing, if the exterior sign is comprised
of individual letters or if the balance of any such exterior sign is not useable in Landlord’s reasonable judgment, then Tenant must remove the entire sign in accordance with the immediately preceding sentence (including the restoration and
repair obligations therein). If, however, the balance of the sign after Tenant removes its identifying letters and symbols is usable in Landlord’s reasonable judgment, then Tenant’s removal rights hereunder shall only apply to its
identifying letters and symbols, the balance of such sign shall remain on the Facility and Tenant’s repair and restoration obligations shall be limited to any damage to the Premises (including the balance of the sign) caused by Tenant’s
removal. If Tenant furnishes Landlord with notice of its intention to remove any exterior sign attached to the Facility, Landlord shall, within forty-five (45) days after receipt of Tenant’s notice notify Tenant whether the balance of the
sign (after removal of Tenant’s identifying letters or symbols) is useable in Landlord’s reasonable judgment for purposes of this Section 27.1. If the Term is terminated prior to the Termination Date, or if Tenant fails to furnish
Landlord with the above 

  

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described notice of its intent to remove any such exterior sign, then provided Tenant is not otherwise required to remove such exterior sign pursuant to this
Section 27.1, such sign shall remain with the Premises unless Landlord requests Tenant to remove same or any portion thereof, in which event Tenant shall, at its expense, remove the sign or applicable portion thereof, restore the affected
portion of the Facility to its original condition and repair or restore any damage to the Premises caused by such removal, failing which Landlord may perform such removal, restoration and repairs for the account and at the expense of Tenant.
Tenant’s obligations under this Section 27.1 shall survive the expiration or earlier termination of the Term. 
 27.2.
Advertising. Tenant shall not, without Landlord’s prior written consent: (i) advertise the business, profession or activities of Tenant in any manner which violates the letter or spirit of any code of ethics adopted by any
recognized association or organization pertaining thereto; (ii) use any picture or likeness of the Facility or the names “Barrett” or “Amli” or other name by which the Park may from time to time be known, in any letterheads,
envelopes, circulars, notices, advertisements, containers or wrapping material without first obtaining the prior written consent of Landlord, which consent, with respect to the name of the Park, shall not be unreasonably withheld, conditioned or
delayed. Landlord acknowledges that Tenant shall be permitted to use the name of the Park on its letterhead, business cards, envelopes and similar stationery materials. 
 27.3. Antennas, Etc. Tenant shall not (i) without Landlord’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed, place any radio or television antennae,
satellite dishes, aerials or similar devices or projections on the Premises, other than inside the Facility, and regardless of Landlord’s consent, shall not place any such devices or projections on the Premises, if such device or projection
would violate any provision of the Declaration or the Guidelines, (ii) operate or permit to be operated any musical or sound producing instrument or device inside or outside the Facility which may be heard outside the Facility (other than a
normal office/industrial public address system, fire/emergency devices and/or burglary devices), or (iii) produce electrical, sound or other waves which may interfere with or impair radio or television broadcasting or reception from, to or
within the Park or elsewhere. Landlord withholding of its consent to any item requested by Tenant under clause (i) of the Section 27.3 shall be deemed reasonable if the installation, operation, presence or removal of such item:
(I) would violate any governmental law or regulation or any provision of the Declaration or the Guidelines; (II) would materially interfere with the reception of radio, television or telephone communications by or from any other occupant of
space within the Park; (III) may invalidate or otherwise limit Landlord’s rights under any warranty; or (IV) would in Landlord’s reasonable judgment cause any damage, stress or increased wear and tear or reduced useful life or increase the
costs to Landlord. Tenant shall indemnify the Landlord Related Parties from and against any and all liabilities, damages, claims, costs and expenses (including, without limitation, reasonable attorneys’ fees) incurred by any of the Landlord
Related Parties as a direct or indirect result of the installation, operation, repair, replacement, removal or presence of any item described in said clause (i), regardless of whether or not Landlord consents thereto. 
 27.4. Return of Keys, Etc. When this Lease expires or is terminated, Tenant shall deliver all keys to and within the Facility to Landlord
and shall disclose to Landlord the codes to any security system(s) and the combinations of any safes, cabinets or vaults left on the Premises. 
 27.5. Tenant’s Risk. Tenant assumes full responsibility for protecting the Premises from theft, robbery and pilferage, which includes locking doors and closing and securing other means of entry to the Facility, excluding
any of the foregoing resulting from the unauthorized use of keys, security cards and/or access codes by Landlord. 
  

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 27.6. Compliance With Legal Requirements. Each party shall comply with all applicable Legal
Requirements and all reasonable rules and regulations issued by the Association with respect to the Premises, Facilities and/or Park for which it is responsible. Tenant shall not directly or indirectly make any use of the Premises which may be
prohibited by any thereof. 
 27.7. Tenant shall not in any manner deface or injure the Facility or any part thereof or overload the
floors of the Facility. 
 27.8. Tenant shall not use the Premises for lodging or sleeping purposes (except in case of emergency) or
for any immoral or illegal purposes. 
 27.9. Tenant shall not at any time manufacture or sell and shall not at any time permit the
manufacture or sale of any spirituous, fermented, intoxicating or alcoholic liquors on the Premises. Tenant shall not at any time sell or purchase, or permit the sale or purchase of, food in any form by or to any of Tenant’s agents or employees
or any other parties on the Premises, except with respect to vending machines in the Facility servicing, catering and the serving of food prepared off-site for Tenant Related Parties. 
 28. ESTOPPEL CERTIFICATE. Landlord and Tenant agree that from time to time upon not less than ten (10) business days prior request by the other, each party shall, by a duly authorized representative
having knowledge of the appropriate facts, complete to the extent possible without rendering any statement inaccurate or untruthful, execute and deliver to the requesting party an estoppel certificate substantially in the applicable form set forth
on Exhibit C attached hereto and made a part hereof or in such other form as the requesting party may reasonably request. 
 29. SUBORDINATION,
ATTORNMENT AND NON-DISTURBANCE. Tenant understands that Landlord may become the lessee under a ground or underlying lease of the Premises (or any portion thereof) in connection with the sale or financing of the Premises (or any portion
thereof) to the lessor of such underlying lease, and Tenant agrees that this Lease and all rights of Tenant hereunder and under the Pre-Occupancy Agreement shall be subject and subordinate to such underlying lease and any extensions or modifications
thereof and to the lien of any mortgage or mortgages now or at any time hereinafter in force against the Premises (or any portion thereof) and/or the underlying leasehold estate, and to all advances made or hereafter to be made upon the security
thereof (all of the foregoing being referred to collectively as a “Landlord’s Mortgage”). 
 Tenant agrees to execute such
further customary instrument subordinating this Lease and Pre-Occupancy Agreement to any such Landlord’s Mortgage or mortgages as Landlord from time to time may request; provided, however, that such instrument shall not materially and adversely
modify Tenant’s rights or obligations under this Lease. Tenant covenants and agrees that, if by reason of any default on the part of Landlord as tenant under any such Landlord’s Mortgage to which this Lease is subject and subordinate, said
underlying Landlord’s Mortgage is terminated or is foreclosed by summary proceedings, voluntary agreement or otherwise, Tenant, at the election of the Mortgagee under said Landlord’s Mortgage or the purchaser of the Premises upon a
foreclosure of such Landlord’s Mortgage, as the case may be, shall attorn to and recognize such lessor or mortgage owner or purchaser as Tenant’s Landlord under this Lease. Tenant further agrees to execute and deliver at any time upon
request of Landlord or any party which shall succeed to the interest of Landlord, any instrument, in form and substance reasonably acceptable to Tenant, to evidence such attornment; provided, however, that such instrument shall not materially and
adversely modify Tenant’s rights 

  

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or obligations under this Lease. Tenant waives the provision of any law now or hereinafter in effect which may give to Tenant any right to elect to terminate
this Lease or the Pre-Occupancy Agreement or to surrender possession of the Premises (or any portion thereof) in the event any proceeding is brought by any holder of any such Landlord’s Mortgage (including for example only the lessor under any
underlying lease or the owner of any such mortgage) to terminate said underlying lease or foreclose such mortgage. 
 Notwithstanding
anything in this Section 29 to the contrary, Tenant shall not be required to attorn to any holder of any such Landlord’s Mortgage (including for example only the lessor of any underlying lease or the owner of any mortgage) nor shall this
Lease or the rights of Tenant hereunder be subject or subordinate to any such underlying lease or mortgages unless any holder of any such Landlord’s Mortgage (including for example only the lessor of such underlying lease or the owner of such
mortgage) agrees to enter into (and in fact enters into) a written agreement in recordable form reasonably acceptable to Tenant that does not materially and adversely modify Tenant’s rights under this Lease and provides that in the event any
such Landlord’s Mortgage is terminated or foreclosed (including, for example only, in the event any underlying lease is terminated or any mortgage is foreclosed) by summary proceedings, voluntary agreement or otherwise, said lessor or mortgage
owner, as the case may be, shall recognize Tenant and agree to not disturb Tenant’s possessions of the Premises or any part thereof for any reason other than one which would entitle Landlord to terminate this Lease or Tenant’s possession
of the Premises under the terms of this Lease. 
 30. DEFINITION OF LANDLORD. For purposes of this Lease, Landlord shall mean Landlord
hereinabove named, except that in the event of any sale or other transfer of the Premises, the seller or transferor shall be and hereby is and are entirely freed and relieved of all agreements, covenants and obligations of Landlord accruing
hereunder from and after the date of such sale or transfer, upon the express assumption and agreement of the purchaser or transferee on any sale or transfer, to carry out any and all agreements, covenants and obligations of Landlord accruing
hereunder from and after the date of such sale or transfer. 
 31. REAL ESTATE BROKER. Tenant represents that Tenant has dealt with no broker
in connection with this Lease other than Amli of Georgia, Inc. and Richard Bowers & Co. and that, insofar as Tenant knows, no other broker or finder negotiated this Lease or is entitled to any fee or commission in connection herewith.
Tenant agrees to indemnify, defend and hold the Landlord Related Parties free and harmless from and against all claims for broker’s commissions or finder’s fees by any person claiming to have been retained by Tenant in connection with this
transaction other than Richard Bowers & Co. or AMLI of Georgia, Inc. Landlord represents that Landlord has dealt with no broker in connection with this Lease other than Amli of Georgia, Inc. and Richard Bowers & Co. and that,
insofar as Landlord knows, no other broker or finder negotiated this Lease or is entitled to any fee or commission in connection herewith. Landlord agrees to indemnify, defend and hold the Tenant Related Parties free and harmless from and against
all claims for broker’s commissions or finder’s fee by any person claiming to have been retained by Landlord in connection with this transaction. Landlord agrees to pay the commission due to Amli of Georgia, Inc. and Richard
Bowers & Co. in connection with this Lease in accordance with the agreement of the parties. 
 32. TENANT’S FINANCIAL STATEMENTS.
From the date of this Lease (including the period prior to the time Tenant takes occupancy of the Premises) until the termination of the Lease, Tenant shall, from time to time within twenty (20) days after production thereof, provide Landlord
with its most recent audited annual financial statement, together with its most recent unaudited quarterly financial statements. 
 33. HAZARDOUS
MATERIALS. 
  

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 33.1. Tenant’s Representations and Warranties. Tenant hereby represents, warrants and
covenants to Landlord that no Hazardous Materials shall be introduced into the Park by the Tenant Related Parties or onto the Premises (in any manner or quantity which would constitute a violation of any Environmental Laws) by any person other than
the Landlord Related Parties, other than (i) those normally utilized in an office building, including, but not limited to, Hazardous Materials which may be contained in cleaning solutions or products utilized in photostatic copying machines,
but only so long as such materials are utilized, stored or present in accordance with applicable Legal Requirements, or (ii) those normally used in Tenant’s business as described in Section 9 above, including for example only, those
listed on Exhibit D attached hereto and made a part hereof, but only so long as such materials are used in Tenant’s regular business practices and are utilized, stored or present and disposed of in accordance with applicable Legal Requirements.
Tenant hereby agrees to indemnify, defend and hold harmless the Landlord Related Parties against any claims, actions, administrative proceedings, judgments, damages, penalties, and liabilities, including, but not limited to, reasonable
attorneys’ fees, consultant fees and any remediation, removal or other clean-up compliance costs and expenses resulting from the presence of Hazardous Materials in any manner or quantity which would constitute a violation of any Environmental
Laws, which are brought into the Park or onto the Premises (or any part thereof) by the Tenant Related Parties under any circumstances other than those listed or described in (i) and (ii) above, which indemnity shall survive the
termination of this Lease, by lapse of time or otherwise. 
  

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 33.2. Landlord’s Representations and Warranties. Landlord hereby represents and
warrants to Tenant that neither Landlord nor, to the actual knowledge of Landlord without independent investigation, any other person has caused any Hazardous Materials to be placed or disposed of on or at the Premises, Facility, Land or any other
part of the Park in any manner or quantity which would constitute a violation of any Environmental Laws or any other applicable Legal Requirements. Landlord hereby agrees to indemnify, defend and hold harmless the Tenant Related Parties against any
claims, actions, administrative proceedings, judgments, damages (including, if otherwise recoverable, loss of business and/or restriction on use), penalties, and liabilities, including, but not limited to, reasonable attorneys’ fees and
consultant fees, resulting from the presence of Hazardous Materials in any manner or quantity which would constitute a violation of any Environmental Laws or any other applicable Legal Requirements, which are (or were) brought onto or generated,
used or disposed of upon, the Premises, Facility, Land or Park either (i) by any party (other than Tenant Related Parties) prior to the Commencement Date (but only to the extent that Landlord has actual knowledge of such presence of Hazardous
Materials) or (ii) by Landlord Related Parties either prior to the Commencement Date or during the Term; provided, however, if the Facility is constructed pursuant to the Plans, Landlord shall be responsible for any Hazardous Materials embodied
in the materials incorporated in the Facility only to the extent such Hazardous Materials were in violation of any applicable Legal Requirements (including, any administrative and judicial interpretations thereof) in existence as of the Commencement
Date as provided in and subject to the terms of Section 10 hereof. Notwithstanding anything to the contrary above, if the Landlord hereunder ceases to be the owner, in whole or in part, of the rest of the Park (either by reason of the transfer
or sale by Landlord of Landlord’s interest in this Lease and the Facility, Land and Premises, and/or of the Park, or both), then the representation, warranty and indemnity of Landlord as set forth herein shall be limited to claims arising out
of or resulting from events or occurrences which transpired or occurred during the period of time that such Landlord is (or was) the owner of the portion of the Park in question, and/or was the owner of this Lease and/or the Premises, Facility and
Land (as applicable). 
 34. QUIET ENJOYMENT. Upon payment by Tenant of the Rent due hereunder, and upon the observance and performance of all
the covenants, terms and conditions on Tenant’s part to be observed and performed, Tenant shall peaceably and quietly hold and enjoy the Premises for the Term, without hindrance or interruption by Landlord or any other person or persons
whatsoever, always subject, however, to the terms and conditions of this Lease. 
 35. MISCELLANEOUS. 
 35.1. Except as may be expressly provided herein to the contrary, all rights and remedies of Landlord and Tenant under this Lease shall be
cumulative and none shall exclude any other rights and remedies allowed by law. 
 35.2. Except as may be expressly provided herein to
the contrary, all payments becoming due from either party to the other under this Lease shall commence to accrue interest at the rate of fifteen percent (15%) per annum from the due date thereof until paid; provided, however, that interest
shall not be payable hereunder until any applicable cure period expires. A party’s right to receive such interest shall not, in any way, limit any of such party’s other remedies under this Lease or at law or in equity. 
 35.3. The word “Tenant” wherever used herein shall be construed to mean Tenants in all cases where there is more than one Tenant at any
one time, and the word “Landlord” wherever used herein shall be construed to mean Landlords in all cases where there is more than one Landlord at any one time, and the 

  

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necessary grammatical changes required to make the provisions hereof apply either to corporations or individuals, men or women, shall in all cases be assumed
as though in each case fully expressed. 
 35.4. Each of the provisions of this Lease shall extend to and shall, as the case may
require, bind or inure to the benefit, not only of Landlord and of Tenant, but also of their respective heirs, legal representatives, successors and assigns, provided this clause shall not permit any assignment contrary to the provisions of
Section 12 hereof. 
 35.5. All of the representations and obligations of Landlord and Tenant are contained herein and in the
Pre-Occupancy Agreement, and no modification, waiver or amendment of this Lease or of the Pre-Occupancy Agreement or of any of the conditions or provisions of either thereof shall be binding upon Landlord or Tenant unless contained in a writing
signed by the party to be bound thereby or by a duly authorized agent of such party empowered by a written authority signed by such party. 
 35.6. Submission of this instrument for examination shall not bind Landlord in any manner, and no lease or obligation on Landlord shall arise until this instrument is signed and delivery by Landlord and Tenant. 
 35.7. No rights to light or air over any property, whether belonging to Landlord or any other person, are granted to Tenant by this Lease;
provided, however, that no improvements shall be made upon the Land except as contemplated in this Lease and/or in the Pre-Occupancy Agreement. 
 35.8. Landlord’s title to the Premises is and always shall be paramount to the title of Tenant. Nothing herein contained shall empower Tenant to do any act which can, shall or may encumber the Landlord’s title. 

35.9. Except for a Memorandum of Lease substantially in the form of Exhibit E attached hereto and made a part hereof, neither this Lease, nor
any memorandum, affidavit or other writing with respect hereto shall be recorded by Tenant or by anyone acting through, under or on behalf of Tenant, and the recording hereof in violation of this provision shall make this Lease null and void at
Landlord’s election. 
 35.10. Nothing contained in this Lease shall be deemed or construed by the parties hereto or by any third
party, to create the relationship of principal and agent, partnership, joint venture or any association between Landlord and Tenant, it being expressly understood and agreed that neither the method of computing Rent nor any other provisions
contained in this Lease nor any acts of the parties hereto shall be deemed to create any relationship between Landlord and Tenant other than the relationship of landlord and tenant. 
 35.11. From and after the Commencement Date, any liability or obligation of Landlord under this Lease shall be limited solely to the assets of
Landlord in the Land, Premises, Facility and the Park and no partner or shareholder of Landlord or any of the other Landlord Related Parties shall be individually or personally liable for any claim arising out of this Lease. A deficit capital
account of any such partner shall not be deemed an asset or property of Landlord. 
 35.12. In the event of the termination of this
Lease by expiration of the stated Term or for any other cause or reason whatsoever prior to the final determination of Rent or other amounts due hereunder for periods of time prior to such termination, each party’s agreement to pay any such
sums shall survive termination of 

  

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this Lease, and each party shall pay any such amounts not sooner due to the other within thirty (30) days after being billed therefor. 
 35.13. Provided Landlord has given written notice to Tenant of the name and address of any mortgagee or ground lessor of the Premises, Tenant
shall give such mortgagee or ground lessor, by registered mail to the address(es) contained in Landlord’s original notice, a copy of any notice of default served upon Landlord. Tenant further agrees that such mortgagee or ground lessor shall
have the right to cure such default within the following time periods: (a) in the case of a monetary default, twenty (20) days after receipt of such notice, and (b) in the case of a non-monetary default forty-five (45) days after
receipt of such notice, provided, however, that if such non-monetary default cannot, using reasonable efforts, be cured within such 45-day period, such period shall be extended for an additional forty-five (45) days so long as such mortgagee or
ground lessor is diligently attempting to cure such default. Except in the event of an emergency, Tenant shall not pursue any remedy it may have for any default by Landlord until the foregoing cure periods have expired. 
 35.14. In the event of any dispute arising out of the subject matter of this Lease, the prevailing party shall recover, in addition to any other
damages assessed, its reasonable actual attorneys’ fees and other costs and expenses incurred in litigating or otherwise settling or resolving such dispute. 
 35.15. The language in all parts of this Lease shall be construed, in all cases, according to its meaning. The parties acknowledge that each party and its counsel have reviewed this Lease, and that the normal
rule of construction to the effect that any ambiguities are to be resolved against the drafting party, shall not be employed in the interpretation of this Lease or any document executed in connection herewith. The division of this Lease into
articles, sections, subsections, riders and exhibits is for the convenience of reference only and shall not affect the interpretation or construction of this Lease. 
 35.16. If the time for performance of any act or occurrence of any event falls on a day which is not a business day, then the date for such performance or occurrence shall be postponed to the next business day.
For purposes of this Lease, “business day” shall mean any day which is not a Saturday or a Sunday or a day on which the United States federal courts are not open for business. 
 35.17. Time is of the essence of this Lease and in all of the conditions, obligations, agreements, provisions, terms and covenants hereof.

 36. SECURITY DEPOSIT. INTENTIONALLY DELETED. 
 37. EXTENSION OPTION. Subject to the terms and conditions hereinafter set forth, Landlord hereby grants to Tenant the option to extend the Term (the “Option”) for one (1) additional period of five
(5) years (the “Renewal Term”). Any reference in the Lease to the “Term” of the Lease shall be deemed to include the Renewal Term and apply thereto, unless it is expressly provided otherwise. Any termination of this
Lease during the initial Term shall terminate the Option and all rights of Tenant under this Section 37. Tenant shall have no further extension options beyond the Option. 
 (a) If Tenant has validly exercised the Option then, within thirty (30) days after the date Landlord receives Tenant’s
final binding written exercise notice, Tenant agrees to execute an amendment to this Lease confirming that the demise of the Premises for the Renewal Term shall be upon the same terms, conditions and provisions as contained in this Lease, except
that: 
  

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 (i) The initial Base Rent payable during the first year of the Renewal Term shall be at a
rate equal to one hundred two percent (102%) of the Base Rent applicable to the fifteenth (15th) Lease Year. The Base Rent rate for the first year of the Renewal Term shall be subject to an escalation equal to two percent (2%) for
each subsequent year during the Renewal Term. Tenant’s obligation to pay Tax Rent and Assessments shall continue during the Renewal Term; and 
 (ii) Tenant acknowledges and agrees that Landlord shall not be obligated to install, or contribute toward the cost of, any alterations, additions or improvements to the Premises of any kind or nature whatsoever, it
being expressly understood that any such alterations, additions or improvements required by Tenant for its continued occupancy during the Renewal Term shall be performed by Tenant at its sole cost and expense in accordance with the terms of this
Lease; provided, however, nothing herein shall constitute Landlord’s consent to any Tenant Improvements requiring Landlord’s consent pursuant to Section 14 hereof. 
 (b) Subject to the terms of Section 7.1 hereof, if applicable, Tenant must, in order to exercise the option, deliver to
Landlord a final binding written notice of its intent to exercise the Option, if at all, no later than the commencement date of the fifteenth (15th) Lease Year, time being of the essence. If Tenant fails to deliver the final binding written
exercise notice to Landlord within the time period set forth in the immediately preceding sentence, or if Tenant’s final binding written exercise notice is not accompanied by any applicable QLMCI Adjustment Payment, then in either such event,
the Option granted in this Section 37 shall expire and be null and void. Tenant’ final binding written exercise notice once given shall be irrevocable. 
 (c) Tenant’s right to exercise the Option pursuant to this Section 37 is subject to the following conditions, and Tenant
may only exercise the Option and an exercise thereof shall only be effective, if, at the time of Tenant’s exercise and on the commencement date of the Renewal Term: (i) this Lease is in full force and effect and; (ii) Tenant is not in
Default hereunder. Without limitation of the foregoing, Tenant agrees that if, following Tenant’s valid exercise of the Option, Tenant shall default in the performance of any of its obligations under this Lease or if any event or circumstance
has occurred and is continuing which would, with the passage of time or giving of notice, constitute a Default hereunder, then at Landlord’s option exercised by giving Tenant written notice prior to the commencement date of the Renewal Term,
Tenant’s exercise of the Option shall be deemed tolled and postponed until any applicable notice of default has been given by Landlord to Tenant and any applicable period of grace or cure (not to exceed thirty (30) days for this purpose)
has expired without the successful completion of such cure. In such event, if such Default has not been cured or waived then Tenant’s exercise of such Option shall be deemed ineffective, null and void, and the Option shall be deemed to have
expired, and if not sooner terminated, this Lease shall expire on the Termination Date as if Tenant had not exercised the Option hereunder; provided, however, that nothing herein shall be construed so as to limit the rights and remedies available to
Landlord hereunder, at law or in equity as a result of any Default by Tenant hereunder. 
 38. EXPANSION OPTION (FOR ADDITIONAL 40,000 SQUARE FEET IN
THE FACILITY). Landlord agrees to fund the installation of additional Tenant Additions desired by Tenant with respect to the approximately 40,000 square feet of the Facility that will be unfinished (the “Unfinished Space”) as of
the Commencement Date subject to the following terms and conditions: (i) the amount that the Landlord is 

  

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committed to fund shall be limited to $25.00 per square foot of the Net Rentable Area within the Unfinished Space, (ii) Landlord shall have no
obligation to fund any additional Tenant Additions beyond the third (3rd) anniversary of the Commencement Date of this Lease, (iii) the funding of such Tenant Additions shall conform with the requirements for plan approval, Landlord
reviews, disbursement procedures and other requirements set forth for Tenant Additions in the Pre-Occupancy Agreement, (iv) there shall be no more than three (3) disbursements in total, (v) for each $10,000.00 or portion thereof
disbursed the Base Rent for each square foot within the entire Net Rentable Area of the Facility (including any Unfinished Space remaining) shall be increased from the date of such disbursement through the end of the Term by four-tenths of one cent
($0.004) per annum, (vi) at the time of any disbursement, this Lease is in full force and effect and Tenant is not in Default hereunder at such time, and (vii) the scope and type of Tenant Additions shall conform with the obligation in the
Pre-Occupancy Agreement that at least forty percent (40%) of the funds disbursed by Landlord be used for improvements that would have a high degree of likelihood of being reusable by a subsequent tenant in the Facility (provided, however, that
such 40% test shall be applied to the Facility as a whole, including the Tenant Additions in question). If Tenant elects to install additional Tenant Additions in any portion of the Unfinished Space as part of Tenant’s initial improvements
prior to the Commencement Date, then Landlord shall fund such Tenant Additions in accordance with the provisions of this Section 38, provided, however, that (a) the disbursement for such Tenant Additions shall not reduce the number of
disbursements available under clause (iv) above and (b) the increase in Base Rent under clause (v) above shall be effective as of the Commencement Date (provided said disbursement is made on or before the Commencement Date).

 39. EXPANSION OPTION (SECOND BUILDING). At any time during the three (3) year period from the Commencement Date of this Lease, Tenant
can request from Landlord a proposal to construct a second building similar to the Facility on the approximately 10 acre site adjacent to the Land and depicted on Exhibit F attached hereto and made a part hereof (the “Adjacent Land”).
Tenant shall provide Landlord with reasonably sufficient information about its requirements and its then current financial condition for Landlord to make an informed proposal. At its option, Landlord shall make such proposal and deliver it to Tenant
within forty-five (45) days after receiving from Tenant such reasonably sufficient information. Landlord and Tenant agree that a basic premise of the Tenant’s requirements shall be a term for the leasehold on the proposed facility of
fifteen (15) years and an extension of this Lease on the Facility for such additional time as is necessary to make the end of the terms of both leases identical. If Landlord makes such a proposal, both Landlord and Tenant shall bargain in good
faith to attempt to come to an agreement. If, however, an agreement cannot be reached within sixty (60) days after Tenant’s receipt of the proposal, Tenant may solicit proposals based on the same requirements from other developers. After
agreeing in principle to another developer’s proposal based on the same requirements presented to Landlord, Tenant shall be obligated to offer to Landlord the opportunity to construct the second building on the same terms and conditions set
forth in the acceptable proposal. Landlord shall be entitled to request that Tenant to clarify any ambiguous, unclear, unaddressed or uncertain aspect of such proposal, provided that such request is made in writing and sets forth Landlord’s
request with specifications. All such clarifications shall be made within thirty (30) days from Landlord’s receipt of the other developer’s proposal from Tenant, and Landlord shall have an additional fifteen (15) days to accept
such proposal by notice to Tenant. If Landlord has not accepted the proposal within such period of time, then Tenant shall have the right to accept the other developer’s proposal and proceed accordingly as long as no material term or condition
of the proposal is changed. 
 To accommodate the possibility that Tenant may accept another developer’s proposal to construct the second building,
Landlord agrees to sell the Adjacent Land to Tenant or the developer of the second building for $130,000 per acre net of any land contained within the 100 year floodplain. Such closing of the Adjacent 

  

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Land shall be conducted in accordance with customary real estate practices in metropolitan Atlanta and must occur within three (3) years after the
Commencement Date of this Lease. The Adjacent Land shall at closing be made subject to the Declaration and a restrictive covenant limiting all building improvements on the Adjacent Land to no more than 125,000 square feet. If the Adjacent Land has
not been closed by Tenant or the developer of Tenant’s second building within three (3) years from the Commencement Date of this Lease, then Tenant’s right to purchase or cause the developer of its proposed second building to purchase
the Adjacent Land shall cease and be of no further force or effect. During such period prior to the third (3rd) anniversary of the Commencement Date hereof, Landlord shall have the right to burden the Adjacent Land with an additional easement
or easements if and to the extent reasonably necessary to provide a utility service or services to other property that Landlord owns in the vicinity, provided that such easements do not materially adversely affect or impair the ability of Tenant to
develop an up to 125,000 square foot building, and related improvements, as the same are generally depicted on that certain Site Plan dated 12/15/94 last revised 2/20/95 (the “Site Plan”), as prepared by Masterson Fowler Associates, Ltd.

 40. FINANCIAL COVENANTS OF TENANT. Tenant represents and warrants to Landlord that from the Commencement Date until the end of the Term,
Tenant shall use all reasonable efforts to maintain a net worth of no less than ninety percent (90%) of the net worth of Tenant as of the date of this Lease, which the parties agree equals Seventeen Million Nine Hundred Thirty-Three Thousand
and No/100 Dollars ($17,933,000.00) (the “Base Net Worth”). The method of determining the net worth of Tenant shall be consistent with the method of determination of the Base Net Worth. Tenant shall deliver to Landlord, within five
(5) business days after receipt thereof, (i) audited, annual financial statements prepared by an independent public accounting firm, and (ii) quarterly unaudited financial statements prepared either by such independent public
accounting firm or by Tenant. The financial statements shall include, at a minimum, a balance sheet, income and cash flow statements and notes thereto. Tenant shall use its reasonable, good faith efforts to cause the audited, annual financial
statements to be prepared and received within sixty (60) days after the end of Tenant’s fiscal year and the unaudited, quarterly financial statements to be prepared and received within thirty (30) days after the end of each quarter
or, in each case, as soon thereafter as is reasonably practical. It shall be deemed to be a Default hereunder if the net worth of Tenant, as of the end of any quarter, shall be less than the Base Net Worth for two (2) consecutive quarters.
Notwithstanding the foregoing, it shall not be deemed to be a Default if the net worth of Tenant shall fall below the Base Net Worth as a result of either (x) an adverse change in generally accepted accounting principles or (y) an adverse
change in federal or state income tax laws or regulations. Furthermore, any Default asserted by Landlord pursuant to this Section shall be so asserted by Landlord, if at all, within sixty (60) days after receipt by Landlord of Tenant’s
financial statement for the second (2nd) quarter in question, and Landlord shall commence the exercise of any of its remedies under the Lease for such Default within ninety (90) days after the end of any cure period therefor. Failure by
Landlord to so act within such time periods shall be deemed to be a waiver of such Default for the year in question. If the net worth of Tenant which gives rise to any such Default under this Section 40 is at least ninety percent (90%) of
the Base Net Worth, then Tenant shall have the right, at its sole option, to cure such Default by providing to Landlord a security deposit equal to two (2) months’ Base Rent. 
 41. RENTAL ABATEMENT. Notwithstanding anything in this Lease to the contrary, during the first one (1) month of the Term there shall be no Base Rent due or payable for the Premises, such Base Rent
being hereby abated by Landlord. 
  

 -49- 

 42. REQUIRED LICENSES AND PERMITS. Landlord hereby acknowledges that Tenant and/or a Tenant Related Party
have negotiated with Cobb County to secure a reduction and/or abatement of certain County license and/or permit fees, costs and expenses, as an inducement to Tenant to locate the Facility in Cobb County and not relocate to another County in Georgia.
If and to the extent that any applicable Cobb County or other licenses and/or permits are to be procured hereunder (or under the Pre-Occupancy Agreement, or both) by Landlord, and if and to the extent that the costs, expenses or fees associated with
such licenses and/or permits are reduced or abated due to Tenant’s and/or Tenant’s Related Parties having secured such reduction and/or abatement, then Tenant shall be entitled to an abatement against its first payment or payments of Rent
otherwise payable hereunder in the amount thereof. Such amount is currently estimated by the parties to be approximately Twenty-Five Thousand and No/100 Dollars ($25,000.00 +/-). 
 43. DESIGN AND MOVING ALLOWANCES. Landlord shall pay to Tenant (i) a moving allowance of $95,210.00 (the “Moving Allowance”) and (ii) a space planning and design allowance of
$95,210.00 (the “Design Allowance”). The Moving Allowance and the Design Allowance shall be due and payable on the date on which Tenant takes occupancy of the Premises. Tenant shall not be required to provide verification of Tenant’s
actual moving expenses or space planning and design expenses in order to be entitled to payment of the Moving Allowance and the Design Allowance. 
  

 -50- 

 IN WITNESS WHEREOF, Landlord and Tenant have caused this instrument to be duly executed on the day
and year first set forth above. 
  

			
	Tenant:
	
	CRYOLIFE INC.,
	a Florida corporation
		
	By:	 	/s/ Steven G. Anderson
	 Name:
 Its:
	 	 Steven G. Anderson
 Chairman, President and C.E.O.

	
	Date of Signature: 4/14, 1995
	
	Landlord:
	
	AMLI LAND DEVELOPMENT-I LIMITED
	PARTNERSHIP, an Illinois limited partnership
		
	By:	 	 AMLI REALTY CO., a Delaware
 corporation, its sole
general partner

		
	By:	 	/s/ Philip N. Tague
	 Name:
 Its:
	 	 Philip N. Tague
 Executive Vice
President

	
	Date of Signature: 4/18, 1995

  

 -51- 

 TENANT ACKNOWLEDGMENT 
  

			
	STATE OF GEORGIA )	  	
		  	)
	COUNTY OF FULTON          	  	)

 I,               
               in and for said County, in the State aforesaid, DO HEREBY CERTIFY that STEVEN G. ANDERSON personally known to me to be the Chairman, President and C.E.O. of CRYOLIFE,
INC., and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that as such Chairman, C.E.O. and President he signed and delivered the said
instrument as President of said corporation, pursuant to authority given by the Board of Directors of said corporation as his free and voluntary act and as the free and voluntary act and deed of said corporation, for the uses and purposes therein
set forth. 
 GIVEN under my hand this         day of
                    , 1995. 
  

	
	
	Notary Public
	
	[Affix Notarial Stamp or Seal]

  

 -52- 

 LANDLORD ACKNOWLEDGMENT 
  

			
	STATE OF GEORGIA )	  	
		  	)
	COUNTY OF FULTON          	  	)

 I,               
               in and for said County, in the State aforesaid, DO HEREBY CERTIFY that Philip N.Tague personally known to me to be the Executive Vice President of Amli Realty Co.,
the sole general partner of AMLI LAND DEVELOPMENT-I LIMITED PARTNERSHIP, an Illinois limited partnership, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in
person and acknowledged that as such Executive Vice President, he signed and delivered the said instrument as Executive Vice President of said corporation on behalf of such partnership, pursuant to authority given by the Board of Directors of said
corporation as his free and voluntary act and as the free and voluntary act and deed of said corporation and said partnership, for the uses and purposes therein set forth. 
 GIVEN under my hand this          day of
                    , 1995. 

	
	
	Notary Public
	
	[Affix Notarial Stamp or Seal]

  

 -53- 

 EXHIBIT A 
 LEGAL DESCRIPTION OF THE PREMISES 
  

			
	Legal Description:	  	The Premises are located at the southeast corner of the intersection of U.S. Highway 41 and Roberts Boulevard in Cobb County, Georgia, and are depicted on the attached Sheet A-1 of the
Cryolife at Barrett Site Plan by Masterson Fowler Associates, Inc. Landlord shall provide a metes and bounds legal description of the Premises to be substituted for this Exhibit A upon Tenant’s reasonable approval

 Street Address: 
 Tax
Index 
 Number: 
  

 -54- 

 EXHIBIT B 
 SCHEDULE OF BASE RENT PAYMENTS 
  

										
	 Lease Year
	  	Base Rental Rate
(per Net Rentable
Square Foot )	  	Annual*	  	Monthly*
	 ONE
	  	$	8.50	  	$	809,285.00	  	$	67,440.42
	 TWO
	  	$	8.67	  	$	825,470.00	  	$	68,789.23
	 THREE
	  	$	8.84	  	$	841,656.40	  	$	70,138.03
	 FOUR
	  	$	9.02	  	$	858,794.20	  	$	71,566.18
	 FIVE
	  	$	9.20	  	$	875,932.00	  	$	72,994.33
	 SIX
	  	$	9.38	  	$	893,069.80	  	$	74,422.48
	 SEVEN
	  	$	9.57	  	$	911,159.70	  	$	75,929.98
	 EIGHT
	  	$	9.76	  	$	929,249.60	  	$	77,437.47
	 NINE
	  	$	9.96	  	$	948,291.60	  	$	79,024.30
	 TEN
	  	$	10.16	  	$	967,333.60	  	$	80,611.13
	 ELEVEN
	  	$	10.36	  	$	986,375.60	  	$	82,197.97
	 TWELVE
	  	$	10.57	  	$	1,006,369.70	  	$	83,864.14
	 THIRTEEN
	  	$	10.78	  	$	1,026,363.80	  	$	85,530.32
	 FOURTEEN
	  	$	11.00	  	$	1,047,310.00	  	$	87,275.83
	 FIFTEEN
	  	$	11.22	  	$	1,068,256.20	  	$	89,021.35

  

	*	Subject to adjustment per Section 38 of the Lease. 

  

 -55- 

 EXHIBIT C 
 FORMS OF ESTOPPEL LETTER 
 LEASE DATE:         ,
1995. 
 LANDLORD:   AMLI LAND DEVELOPMENT-I LIMITED PARTNERSHIP 
 TENANT:         CRYOLIFE, INC. 
  

	PREMISES:    Approximately	11 acres together with a 98,268 square foot building commonly known as the Cryolife headquarters 

     building in Barrett, Cobb County, Georgia 
 I. [The following is to be used when the Landlord is the requesting party and the Tenant is the certifying party]. 
 The undersigned Tenant of the above Lease hereby certifies to Landlord and [“Lender”] [“Buyer”] as follows: 
 1. That the Lease calls for monthly base rent installments in accordance with Schedule I attached hereto and made a part hereof commencing on
                    , 19    , and Tenant presently claims no offsets, deductions or credits against future
payments of rent. 
 2. That no advance rental or other payment has been made in connection with the Lease. 
 3. That the Lease is a valid lease and in full force and effect. Attached hereto is a true and complete copy of the Lease and all amendments and other
agreements relating to the Lease and the rent payable thereunder, which documents represent the entire agreement between the parties; that to Tenant’s knowledge there is no existing Default on the part of the Tenant; that to Tenant’s
knowledge there is no existing Default on the part of the Landlord; that to Tenant’s knowledge, no event has occurred which, with the passing of time or giving of notice or both, would constitute a Default; and that the Lease has not been
amended, modified, supplemented, extended, renewed or assigned. 
 4. That the Lease provides for a primary term of
                             (        ) years
ending. 
 5. That there are no actions, voluntary or, to Tenant’s knowledge, involuntary pending against the Tenant under the
bankruptcy laws of the United States or any state thereof. 
 6. That Tenant is entitled to no amounts from Landlord (including, without
limitation, non-monetary rent concessions) other than the following:. 
 7. If Tenant has taken occupancy of the Premises on or prior
to the date hereof, that all obligations and conditions under said Lease to be performed by Landlord or Tenant have been satisfied, free of defenses and set-offs, including all construction work to be completed to the Premises, except for the

  

 -56- 

 
following:
                                        
                                        
                                        
                                        

 ______________________________________________________________. 
 8. That Tenant shall have all necessary licenses and permits to carry on its business at the Premises prior to opening for business. 
 9. That Tenant has received no notice of, and has no actual knowledge of, any violations of any federal, state, county or municipal statutes, laws, codes, ordinances, rules, regulations, orders, decrees or directives
relating to the Tenant on the Premises that would adversely affect the use or condition of the Premises or Tenant’s occupancy thereof. Tenant has received no notice from any governmental body or agency or from any person or entity with respect
to any actual or threatened taking of the Premises or any portion thereof for any public or quasi-public purpose by the exercise of condemnation or eminent domain. 
 10. That this certification is made knowing that Seller and Lender [Buyer] are relying upon the representations herein made. 
  

			
	Tenant:
	
	             CRYOLIFE, INC.
             a Florida corporation

		
	By:	 	
	Name:	 	
	Its:	 	
		
	Dated:	 	 

  

 -57- 

 II. [The following form is to be used when the Tenant is the requesting party and the Landlord is the certifying
party]. 
 The undersigned Landlord of the above Lease hereby certifies to Tenant and its permitted assignee as follows: 
 1. That the Lease calls for monthly base rent installments in accordance with Schedule I attached hereto and made a part hereof commencing on
                    , 19    . 
 2. That no advance rental or other payment has been made in connection with the Lease. 
 3. That the Lease
is a valid lease and in full force and effect. Attached hereto is a true and complete copy of the Lease and all amendments and other agreements relating to the Lease and the rent payable thereunder, which documents represent the entire agreement
between the parties; that to Landlord’s knowledge there is no existing Default on the part of the Landlord; that to Landlord’s knowledge there is no existing Default on the part of the Tenant; that to Landlord’s knowledge, no event
has occurred which, with the passing of time or giving of notice or both, would constitute a Default; and that the Lease has not been amended, modified, supplemented, extended, renewed or assigned. 
 4. That the Lease provides for a primary term of
                                (      
  ) years ending                                 . 
  

			
	
	AMLI LAND DEVELOPMENT-I LIMITED
	PARTNERSHIP, an Illinois limited partnership
		
	By:	 	 AMLI REALTY CO., a Delaware
 corporation, its sole
general partner

		
	By: Name: Its:	 	
		
	Dated:	 	 

  

 -58- 

 SCHEDULE 1 TO ESTOPPEL LETTER 
 SCHEDULE OF BASE RENT PAYMENTS 
  

							
	 Lease Year
	 	 Base Rental Rate
(per Net Rentable
Square Foot)
	 	 Annual*
	  	Monthly*
		 		 		  	
		 		 		  	
		 		 		  	
		 		 		  	

  

	*	Subject to adjustment per Section 38 of the Lease. 

  

 -59- 

 EXHIBIT D 
 SCHEDULE OF HAZARDOUS MATERIALS 

 STATE OF
                             
 COUNTY OF                         
 MEMORANDUM OF LEASE 
 THIS MEMORANDUM OF LEASE is made and entered into
this         day of                     , 1995, by and between AMLI LAND DEVELOPMENT - I
LIMITED PARTNERSHIP, an Illinois limited partnership (“Landlord”) and CRYOLIFE, INC., a Florida corporation (“Tenant”). 
 W I T N E S S E T H: 
 WHEREAS, on April
        , 1995, Landlord and Tenant entered into a certain Lease Agreement (the “Lease”), pertaining to a 98,268 square foot office building to be built on the land described on
Exhibit “A” attached hereto and by this reference made a part hereof (said building and land being collectively referred to as the “Premises”); and 
 WHEREAS, pursuant to Section 35.9 of the Lease, the parties desire to enter into this Memorandum of Lease in order to provide public record notice
of the Lease, and certain terms and provisions thereof. 
 NOW, THEREFORE, for and in consideration of the premises hereto, for TEN DOLLARS
($10.00) and other good and valuable considerations the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Term of Lease. The term of the Lease shall commence on the one hundred twenty-second (122nd) day (the “Commencement Date”) after the later of the “Substantial Completion Date”
(as defined in the Lease) or June 1, 1996, and shall terminate one hundred eighty (180) calendar months after such Commencement Date. 
 2. Certain Provisions. With respect to the subject matter discussed below, the Lease contains certain specific provisions which should be referred to in detail in the event of any question: 
 (a) Extension Option. Tenant shall have an option to extend the term of the Lease for one (1) additional period of five
(5) years, as more particularly set forth in Section 37 of the Lease, a copy of which Section 37 is attached hereto as Exhibit “B” and is by this reference made a part hereof. 
 (b) Subordination and Non-Disturbance. The Lease shall be subordinate to any mortgage encumbering the Premises, provided that the
holder of such mortgage enters into a non-disturbance agreement with Tenant, as more particularly set forth in Section 29 of the Lease, a copy of which Section 29 is attached hereto as Exhibit “C” and is by this reference
made a part hereof. 
 3. General. This Memorandum of Lease: (i) shall be governed by and construed in accordance with the
laws of the State of Georgia; (ii) may be executed in multiple counterparts, each of which shall 

  

 -1- 

 
constitute an original; (iii) shall be binding upon and inure to the benefit of the parties hereto, their respective heirs, successors and assigns; and
(iv) may not be modified, amended or altered, except by a writing signed by each of the parties hereto. 
 IN WITNESS WHEREOF, the
parties hereto have caused this Memorandum of Lease to be made, executed and delivered the day and the year first above written. 
  

									
		 		 		 	LANDLORD:
				
		 		 		 	 AMLI LAND DEVELOPMENT - I
 LIMITED
PARTNERSHIP,
 an Illinois limited partnership

					
		 		 		 	By:	 	Amli Realty Co.,
		 		 		 		 	a Delaware corporation,
		 		 		 		 	its sole general partner
	 Signed, sealed and delivered
 in the presence
of:
	 		 	
				
	 	 		 	By:	 	 
	Witness	 		 		 	 Philip N. Tague,
             Executive Vice President

	Notary Public	 		 		 	
				
	My Commission Expires:	 		 		 	
	 	 		 		 	[CORPORATE SEAL]
	[NOTARIAL SEAL]	 		 		 	

  

 -2- 

 TENANT: 
  

									
				
		 		 		 	 CRYOLIFE, INC.,
 a Florida
corporation

				
	 Signed, sealed and delivered
 in the presence
of:
	 		 		 	
				
	 	 		 	By:	 	 
	Witness	 		 		 	 Steven G. Anderson,
             Chairman, President and
                     Chief Executive Officer

	Notary Public	 		 		 	
				
	My Commission Expires:	 		 		 	
	 	 		 		 	[CORPORATE SEAL]
	[NOTARIAL SEAL]	 		 		 	

  

 -3- 

 EXHIBIT F 
 DEPICTION OF ADJACENT LAND 
  

 -4-

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