Document:

Second Amendment to the Office Lease Agreement

 Exhibit 10.1 
 SECOND AMENDMENT 
 THIS SECOND AMENDMENT (this
“Amendment”) is made and entered into as of October 8, 2010, by and between EOP-PENINSULA OFFICE PARK, L.L.C., a Delaware limited liability company (“Landlord”), and NETSUITE INC., a Delaware
corporation (“Tenant”). 
 RECITALS 

 

	A.	Landlord and Tenant (as successor to Netsuite, Inc., a California corporation) are parties to that certain lease dated August 2, 2005 (the “Original
Lease”), as previously amended by that certain First Amendment dated April 24, 2008 (the “First Amendment”) (as amended, the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space
currently containing approximately 92,723 rentable square feet (the “Existing Premises”) described as: (i) Suite 100 consisting of approximately 15,747 rentable square feet located on the first floor of the building;
(ii) Suite 110 consisting of approximately 13,134 rentable square feet located on the first floor of the building; (iii) Suite 200 consisting of approximately 29,888 rentable square feet located on the second floor of the building,
(iv) Suite 400 consisting of approximately 33,954 rentable square feet located on the fourth floor of the building (as more particularly described in the First Amendment, the “Expansion Space”), all located at the building
commonly known as Peninsula Office Park Building 9 located at 2955 Campus Drive, San Mateo, California (the “Building”). 

  

	B.	The Lease will expire by its terms on August 31, 2012 (the “Existing Expiration Date”). The parties wish to accelerate the expiration date of the
Lease, with respect to the portion of the Existing Premises containing approximately 13,134 rentable square feet described as Suite No. 110 on the first floor of the Building and shown on Exhibit A attached hereto (the
“Reduction Space”) only, on the following terms and conditions. 

 NOW, THEREFORE, in
consideration of the above recitals which by this reference are incorporated herein, the mutual covenants and conditions contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and
Tenant agree as follows: 
  

	1.	Reduction. 

  

	 	1.1.	Reduction Space Expiration Date. Subject to the provisions hereof, the term of the Lease shall expire, with respect to the Reduction Space only, on
October 31, 2010 (the “Reduction Space Expiration Date”) with the same force and effect as if such term were, by the provisions of the Lease, fixed to expire with respect to the Reduction Space on the Reduction Space Expiration
Date (the “Reduction”). Without limiting the foregoing: 

  

	 	A.	The portion of the Base Rent schedule set forth in Section 1.03 of the Lease pertaining to the period following the Reduction Space Expiration Date is hereby
deleted from the Lease and replaced with the following (reflecting the 45,635 rentable square feet in the Balance of the Original Lease Premises (defined in Section 1.1.B below): 

 

									
	 Period
	  	Annual Rate
Per Square 
Foot	 	  	Monthly Base Rent	 
	 11/1/10 – 8/31/11
	  	$	27.00	  	  	$	102,678.75	  
	 9/1/11 – 8/31/12
	  	$	28.20	  	  	$	107,242.25	  

 The Base Rent schedule set forth in Section 2 of the First Amendment shall remain in full force and
effect. 
  

	 	B.	From and after November 1, 2010 (the “Reduction Effective Date”), the Premises shall consist solely of the Existing Premises less the Reduction
Space (the “Balance of the Existing Premises”) and shall be deemed to contain 79,589 rentable square feet. The portion of the Premises described in clauses (i) and (iii) of Recital A above are referred to herein
collectively as the “Balance of the Original Lease Premises”). 

  

	 	C.	 Tenant shall remain liable for all Rent and other amounts payable under the Lease with respect to the Reduction Space for the period up to and
including the 

  
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Reduction Space Expiration Date, even though billings for such amounts may occur after the Reduction Space Expiration Date. 

 

	 	D.	Anything in the Lease to the contrary notwithstanding, 

  

	 	1.	Tenant shall surrender the Reduction Space to Landlord on or before the Reduction Effective Date in its as-is, where-is condition, except that Tenant shall remove all
of its trade fixtures and other personal property from the Reduction Space, and except for damage to the Reduction Space occurring after the date of mutual execution and delivery of this Amendment that would otherwise be Tenant’s responsibility
to repair and/or restore under the Lease. 

  

	 	2.	Tenant shall have no restoration obligations with respect to the Reduction Space, except for Alterations or damage to the Reduction Space occurring after the date of
mutual execution and delivery of this Amendment that would otherwise be Tenant’s responsibility to remove, repair and/or restore under the Lease. Without limiting the generality of the foregoing, Tenant shall not be required to remove any
Required Removables (as defined in Section 8 of the Lease) or Cable (as defined in Section 9.01 of the Lease and referenced in Section 8 of the Lease) existing in the Reduction Space on the date of mutual execution and delivery of
this Amendment. 

  

	 	3.	The existing 4-ton supplemental HVAC unit serving the Reduction Space shall not be removed by Tenant and shall be deemed to be Landlord’s property upon the
Reduction Effective Date, and 

  

	 	4.	If any FF&E purchased with the Allowance (both as defined in Section I.C of Exhibit C to the Work Letter) pursuant to such Section I.C, and/or any Expansion Space
FF&E purchased with the Excess TI Allowance (both as defined in Section 8.01 of the First Amendment) pursuant to such Section 8.01 is located in the Reduction Space, Tenant shall move such FF&E from the Reduction Space prior to the
Reduction Effective Date, and Landlord hereby waives any right to receive any unamortized portion of the Allowance or Excess TI Allowance in connection therewith. 

 

	 	E.	If Tenant fails to surrender any portion of the Reduction Space on or before the Reduction Space Expiration Date, Tenant’s tenancy with respect to the Reduction
Space shall be subject to Section 22 of the Lease. 

  

	 	F.	Any other rights or obligations of Landlord or Tenant under the Lease relating to the Reduction Space that, in the absence of the Reduction, would have survived the
Existing Expiration Date shall survive the Reduction Space Expiration Date. 

  

	2.	Rent Following Reduction. 

  

	 	2.1.	Base Rent. With respect to the Balance of the Original Lease Premises from and after the Reduction Effective Date, the schedule of Base Rent shall be as
set forth in Section 1.1.A above, and with respect to the Expansion Space from and after the Reduction Effective Date, shall be as set forth in Section 2 of the First Amendment. All such Base Rent shall be payable by Tenant in
accordance with the terms of the Lease. 

  

	 	2.2.	Tenant’s Share. With respect to the Balance of the Original Lease Premises from and after the Reduction Effective Date, Tenant’s Pro Rata Share
shall be 36.9326%, and with respect the Expansion Space from and after the Reduction Effective Date, Tenant’s Pro Rata Share shall remain as set forth in Section 4 of the First Amendment. 

 

	 	2.3.	Expenses and Taxes. With respect to the Balance of the Original Lease Premises and the Expansion Space from and after the Reduction Effective Date, Tenant
shall pay for Tenant’s Pro Rata Share of Expenses and Taxes in accordance with the terms of the Lease. 

  

	3.	Representations. Tenant represents and warrants that, as of the date hereof and the Reduction Space Expiration Date: (a) Tenant has not subleased the
Reduction Space or made any disposition, assignment or conveyance of the Lease or Tenant’s interest therein; (b) no other person or entity has an interest in the Lease, collateral or otherwise; and (c) there are no outstanding
contracts for the supply of labor or material and no work has been done or is being done in, to or about the Reduction Space which has not been fully paid for. 

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

  

	 	4.1	Parking. Effective as of the Reduction Effective Date, reference to “306 non-reserved parking spaces” in Section 8.07 of the First Amendment
(amending Section 1 of Exhibit G to the Original Lease) is hereby further amended to be “263 non-reserved parking spaces”. 

  

	 	4.2	Deletions. Section 8.04 of the First Amendment (Additional Monument Signage) is hereby deleted. 

 

	 	4.3	Additional Monument Sign. 

  

	 	A.	Tenant’s Right to Monument Signage. Landlord, at Landlord’s cost, shall construct an additional monument sign for the Building in approximately the
location shown on Exhibit B hereto (the “Monument Sign”) no later than June 30, 2011 (subject to Force Majeure), subject to all applicable Laws and receipt of zoning and regulatory approvals. Without Tenant’s
prior approval, the Monument Sign shall not differ substantially in appearance from the depiction of the monument sign (without regard to the particular names and logos depicted thereon) shown on Exhibit C hereto. No more than two
(2) tenants shall be permitted to have their signage located on the Monument Sign without the approval of Tenant. Subject to the terms of this Section 4.3, from and after Landlord’s completion of construction of the Monument
Sign, Tenant shall have the right to have signage (“Tenant’s Monument Signage”) bearing Tenant’s Name (defined below) installed on the Monument Sign. In the event there is more than one tenant name on the Monument Sign,
Tenant’s Name shall be in the position on the Monument Sign shown on Exhibit C and the name and logo of the second tenant, if any, shall be the same size. As used herein, “Tenant Name” means, at any time, at
Tenant’s discretion, (i) the name of Tenant set forth in the first paragraph of this Amendment (“Tenant’s Existing Name”), or (ii) if Tenant’s name is not then Tenant’s Existing Name, then Tenant’s
name, provided that such name is compatible with a first-class office building, as determined by Landlord in its reasonable discretion, and/or (iii) Tenant’s logo, provided that such logo is compatible with a first-class office building
and that such logo, together with Tenant’s name, does not occupy more space on the Monument Sign than is shown for Tenant’s Name on Exhibit C. Notwithstanding any contrary provision hereof, Tenant’s rights under this
Section 4.3 shall be personal to the party named as Tenant in the first paragraph of this Amendment (“Existing Tenant”) and to any successor to Existing Tenant’s interest in the Lease that acquires its interest in
the Lease solely by means of one or more Permitted Transfers originating with Existing Tenant, and may not be transferred to any other party. 

  

	 	B.	Landlord’s Approval. Landlord and Tenant hereby approve the proposed Tenant’s Monument Signage as shown on Exhibit C hereto, subject to
applicable Laws. Any changes to Tenant’s Monument Signage shall comply with all applicable Laws and shall be subject to Landlord’s reasonable approval; provided that so long as the proposed Tenant’s Monument Signage does not differ in
any material respect from the signage shown on Exhibit C attached hereto, Landlord shall have no approval rights with respect thereto, except with respect to any arrangements for illumination. 

 

	 	C.	Fabrication; Installation; Maintenance; Removal; Costs. Promptly following construction of the Monument Sign, Landlord shall fabricate (in accordance with
Tenant’s design as shown on Exhibit C) and install Tenant’s Monument Signage on the Monument Sign. In addition, Landlord shall, (a) at the expiration or earlier termination of Tenant’s rights under this
Section 4.3, remove Tenant’s Monument Signage, and (b) maintain, repair, and (if applicable) illuminate the Monument Sign. Tenant shall reimburse Landlord, promptly upon demand, for (x) all costs incurred by Landlord in
fabricating, installing or removing Tenant’s Monument Signage, and (y) Tenant’s pro rata share (as determined taking into account any other parties using the Monument Sign) of all costs incurred by Landlord in maintaining, repairing
and (if applicable) illuminating the Monument Sign. 

  

	 	D.	 Termination. Tenant’s rights to Tenant’s Monument Signage shall terminate and Landlord shall have the right to remove Tenant’s
Monument Signage at Tenant’s sole cost and expense (payable by Tenant upon demand) (1) upon expiration or earlier termination of the Lease, and (2) if, at any time during the Term (or renewal thereof), Tenant (i) assigns the
Lease (other than in connection with a Permitted 

  
 3 

	 	
Transfer), (ii) sublets 50% or more of the Premises (other than in connection with a Permitted Transfer), or (iii) ceases to occupy 50% or more of the Premises.

  

	 	E.	Existing Monument Sign. After the construction of the Monument Sign is completed and Tenant’s Monument Signage has been installed thereon pursuant to
Section 4.3.C (or would have been installed by Landlord but for Tenant’s request for changes to the Monument Signage shown on Exhibit C), Tenant’s right to display its name on the existing shared exterior Building
monument sign for the building located at 2929 Campus Drive shall be of no further force or effect, and Landlord may remove Tenant’s signage on such existing exterior monument sign. 

 

	 	4.4	Addition of Temporary Storage Space. 

  

	 	A.	 Landlord leases to Tenant and Tenant accepts the space containing approximately 450 square feet described as Storage Unit #1 on the basement level of
the Building, as shown on Exhibit D attached hereto (the “Storage Space”), for the term (the “Storage Term”) commencing on the date of mutual execution and delivery of this Amendment (“Storage
Commencement Date”) and ending on the 120th day
following the Storage Commencement Date (“Storage Expiration Date”), unless the Lease or Tenant’s right to possession of the Premises thereunder terminates sooner, in which case the Storage Expiration Date shall be such earlier
termination date. 

  

	 	B.	The Storage Space shall be used by Tenant for the storage of equipment, inventory or other non-perishable items normally used in Tenant’s business, and for no
other purpose whatsoever. Tenant agrees to keep the Storage Space in a neat and orderly fashion and to keep all stored items in cartons, file cabinets or other suitable containers. Landlord shall have the right to designate the location within the
Storage Space of any items to be placed therein. All items stored in the Storage Space shall be elevated at least 6 inches above the floor on wooden pallets, and shall be at least 18 inches below the bottom of all sprinklers located in the ceiling
of the Storage Space, if any. Tenant shall not store anything in the Storage Space which is unsafe or which otherwise may create a hazardous condition, or which may increase Landlord’s insurance rates, or cause a cancellation or modification of
Landlord’s insurance coverage. Without limitation, Tenant shall not store any flammable, combustible or explosive fluid, chemical or substance nor any perishable food or beverage products, except with Landlord’s prior written approval.
Landlord reserves the right to adopt and enforce reasonable rules and regulations governing the use of the Storage Space from time to time. Upon expiration or earlier termination of Tenant’s rights to the Storage Space, Tenant shall completely
vacate and surrender the Storage Space to Landlord in the condition in which it was delivered to Tenant, ordinary wear and tear excepted, broom-clean and empty of all personalty and other items placed therein by or on behalf of Tenant.

  

	 	C.	Tenant shall not be required to pay any rent on the Storage Space with respect to the Storage Term. 

 

	 	D.	All terms and provisions of the Lease shall be applicable to the Storage Space, including, without limitation, Section 13 (Indemnity and Waiver of Claims),
Section 14 (Insurance) and Section 15 (Subrogation), except that Landlord need not supply air-cooling, heat, water, janitorial service, cleaning, window washing or electricity (other than standard lighting) to the Storage Space and Tenant
shall not be entitled to any work allowances, rent credits, expansion rights or renewal rights with respect to the Storage Space unless such concessions or rights are specifically provided for herein with respect to the Storage Space. Landlord shall
not be liable for any theft or damage to any items or materials stored in the Storage Space, it being understood that Tenant is using the Storage Space at its own risk. The Storage Space shall not be included in the determination of Tenant’s
Pro Rata Share under the Lease nor shall Tenant be required to pay Expenses or Taxes in connection with the Storage Space. A Default by Tenant with respect to the Storage Space shall not constitute a Default by Tenant permitting Landlord to
terminate the Lease, provided that the foregoing shall not limit Landlord’s rights under Section 25 of the Lease with respect to removal of Tenant’s personal property, or under Section 19.05 of the Lease to perform such
obligations. 

  
 4 

	 	E.	Tenant agrees to accept the Storage Space in its condition and “as-built” configuration existing on the earlier of the date Tenant takes possession of the
Storage Space or the Storage Commencement Date. 

  

	 	F.	Notwithstanding anything set forth in Section 11 (Assignment and Subletting) of the Lease to the contrary, Tenant shall not, without the prior written consent of
Landlord, which consent may be withheld in Landlord’s sole discretion, assign, sublease, transfer or encumber the Storage Space or grant any license, concession or other right of occupancy or permit the use of the Storage Space by any party
other than Tenant. 

  

	 	4.5	Contingencies. Notwithstanding any contrary provision hereof, if for any reason (a) Landlord and NexTag, Inc., a Delaware corporation (the “Other
Party”), fail to mutually execute and deliver the Required Agreement (defined below) on or before the Contingency Date, or (b) Landlord fails to obtain the consent of the holder of the current Mortgagee to this Amendment,) on or before
the Contingency Date, then this Landlord may terminate this Amendment by notifying Tenant no later than five (5) days following the Contingency Date. Upon any such termination, this Amendment shall have no further force or effect. As used
herein, “Required Agreement” means an agreement pursuant to which the Other Party leases the Reduction Space. As used herein, “Contingency Date” means the date occurring fifteen (15) business days after the date of
mutual execution and delivery of this Amendment by Landlord and Tenant. 

  

	5.	Miscellaneous. 

  

	 	5.1.	This Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment, set forth the entire agreement between the parties with
respect to the matters set forth herein. There have been no additional oral or written representations or agreements. 

  

	 	5.2.	Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. 

 

	 	5.3.	In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control.

  

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

  

	 	5.5.	The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and
not redefined in this Amendment. 

 [SIGNATURES ARE ON FOLLOWING PAGE] 

  
 5 

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

			
	LANDLORD:
	
	 EOP-PENINSULA OFFICE PARK, L.L.C., a Delaware

limited liability company

		
	By:	 	/s/ John C. Moe
	Name:	 	John C. Moe
	Title:	 	Market Managing Director
	
	TENANT:
	
	NETSUITE INC., a Delaware corporation
		
	By:	 	/s/ Maurice Smallwood
	Name:	 	Maurice Smallwood
	Title:	 	VP, IT and Facilities

  
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 EXHIBIT A 
 OUTLINE AND LOCATION OF REDUCTION SPACE 

  
 A-1

 EXHIBIT B 
 MONUMENT SIGN LOCATION 

  
 B-1

 EXHIBIT C 
 TENANT’S MONUMENT SIGNAGE 

  
 C-1

 EXHIBIT D 
 LOCATION OF STORAGE SPACE 

  
 D-1Third Amendment to the Office Lease Agreement

 Exhibit 10.2 
 THIRD AMENDMENT 
 THIS THIRD AMENDMENT (this
“Amendment”) is made and entered into as of December 9, 2011, by and between EOP-PENINSULA OFFICE PARK, L.L.C., a Delaware limited liability company (“Landlord”), and NETSUITE INC., a Delaware
corporation (“Tenant”). 
 RECITALS 

 

	A.	Landlord and Tenant (as successor to Netsuite, Inc., a California corporation) are parties to that certain lease dated August 2, 2005 (the “Original
Lease”), as previously amended by that certain First Amendment dated April 24, 2008 (“First Amendment”) and that certain Second Amendment dated October 8, 2010 (as amended, the “Lease”). Pursuant
to the Lease, Landlord has leased to Tenant space currently containing approximately 79,589 rentable square feet (the “Premises”) described as: (i) Suite 100 consisting of approximately 15,747 rentable square feet located on
the first floor; (ii) Suite 200 consisting of approximately 29,888 rentable square feet located on the second floor, and (iii) Suite 400 consisting of approximately 33,954 rentable square feet located on the fourth floor, all in the
building commonly known as Peninsula Office Park Building 9 located at 2955 Campus Drive, San Mateo, California. 

  

	B.	The Lease will expire by its terms on August 31, 2012 (the “Existing Termination Date”), and the parties wish to extend the term of the Lease on
the following terms and conditions. 

 NOW, THEREFORE, in consideration of the above recitals which by this
reference are incorporated herein, the mutual covenants and conditions contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

 

	1.	Extension. The term of the Lease is hereby extended through August 31, 2019 (the “Extended Termination Date”). The portion of the
term of the Lease commencing on the date immediately following the Existing Termination Date (the “Extension Date”) and ending on the Extended Termination Date shall be referred to herein as the “Extended Term”.

  

	2.	Base Rent. During the Extended Term, the schedule of Base Rent shall be as follows: 

 

									
	 Period of
 Extended Term
	  	Annual Rate
Per Square 
Foot	 	  	Monthly
Base Rent	 
	 9/1/12 – 8/31/13
	  	$	40.20	  	  	$	266,623.15	  
	 9/1/13 – 8/31/14
	  	$	41.40	  	  	$	274,582.05	  
	 9/1/14 – 8/31/15
	  	$	42.60	  	  	$	282,540.95	  
	 9/1/15 – 8/31/16
	  	$	43.80	  	  	$	290,499.85	  
	 9/1/16 – 8/31/17
	  	$	45.00	  	  	$	298,458.75	  
	 9/1/17 – 8/31/18
	  	$	46.20	  	  	$	306,417.65	  
	 9/1/18 – 8/31/19
	  	$	47.40	  	  	$	314,376.55	  

 All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease. 

Notwithstanding the foregoing, so long as no Default (defined in Section 18 of the Lease) exists, Tenant shall be
entitled to an abatement of Base Rent, in the amount of $266,623.15, for the first (1st) full calendar month of the Extended Term. 
  

	3.	Security Deposit. No security deposit shall be required in connection with this Amendment. 

 

	4.	Expenses and Taxes. During the Extended Term, Tenant shall pay for Tenant’s Pro Rata Share of Expenses and Taxes in accordance with the terms of the
Lease; provided, however, that, during the Extended Term, the Base Year for Expenses and Taxes shall be 2012. 

  

	5.	Improvements to Premises. 

  

	 	5.1.	Condition of Premises. Tenant acknowledges that it is in possession of the Premises and agrees to accept it “as is” without any representation by
Landlord regarding its condition and without any obligation on the part of Landlord to perform or pay for any alteration or improvement, except as may be otherwise expressly provided in this Amendment. 

  
 1 

	 	5.2.	Responsibility for Improvements to Premises. Tenant shall be entitled to perform improvements to the Premises, and to receive an allowance from Landlord for such
improvements, in accordance with the Work Letter attached hereto as Exhibit A. 

  

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

  

	 	6.1	Subordination. Landlord will use reasonable efforts to obtain a non-disturbance, subordination and attornment agreement from Landlord’s Current Mortgagee
(as hereinafter defined) on such Mortgagee’s current standard form of agreement within 45 days following the date of full execution and delivery of this Amendment. As used herein, the term “Current Mortgagee” shall mean the
holder of a mortgage or deed of trust recorded against the Property as of the date hereof. Landlord may satisfy the “reasonable efforts” requirement by merely making written request of the Current Mortgagee and such reasonable efforts
standard shall not require Landlord to incur any cost, expense or liability to obtain such agreement, it being agreed that Tenant shall be responsible for any fee or review costs charged by the Current Mortgagee. Upon request of Landlord, Tenant
will execute the Current Mortgagee’s form of non-disturbance, subordination and attornment agreement and return the same to Landlord for execution by the Current Mortgagee. Landlord’s failure to obtain a non-disturbance, subordination and
attornment agreement for Tenant shall have no effect on the rights, obligations and liabilities of Landlord and Tenant or be considered to be a default by Landlord hereunder. 

 

	 	6.2	Renewal Option. The Renewal Option set forth in Section 2 of Exhibit F to the Lease, as amended pursuant to Section 8.03 of the First Amendment,
is hereby deleted. Tenant shall have the following Renewal Option: 

  

	 	A.	Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “Renewal Option”) for one additional period of 5 years
commencing on the day following the Extended Termination Date and ending on the 5th anniversary of the Extended Termination Date (the “Renewal Term”), if: 

 

	 	1.	Landlord receives notice of exercise (“Initial Renewal Notice”) not less than 9 full calendar months prior to the expiration of the Extended Term and
not more than 12 full calendar months prior to the expiration of the Extended Term; and 

  

	 	2.	Tenant is not in Default under the Lease, as amended, beyond any applicable cure periods at the time that Tenant delivers its Initial Renewal Notice or at the time
Tenant delivers its Binding Notice (as defined below); and 

	 	3.	No more than 50% of the Premises is sublet (other than pursuant to a Permitted Transfer, as defined in the Lease) at the time that Tenant delivers its Initial Renewal
Notice or at the time Tenant delivers its Binding Notice; 

  

	 	4.	The Lease has not been assigned (other than pursuant to a Permitted Transfer, as defined in the Lease, but only if the same entity remains the “Tenant” under
the Lease, the ROFO Agreement and each ROFO Lease) prior to the date that Tenant delivers its Initial Renewal Notice or prior to the date Tenant delivers its Binding Notice; and 

 

	 	5.	Concurrently with Tenant’s exercise of the Renewal Option, Tenant exercises every other Renewal Option then existing under a ROFO Lease (as defined below) then in
existence for a Term concurrent with the Premises. The term “ROFO Lease” is as defined in that certain Right of First Offer Agreement entered into by Landlord and Tenant approximately concurrently herewith with respect to space in
the building located at 2929 Campus Drive, San Mateo, California and commonly known as Peninsula Office Park Building 8 (“ROFO Agreement”). 

 

	 	B.	Terms Applicable to Premises During Renewal Term. 

  

	 	1.	 The initial Base Rent rate per rentable square foot for the Premises during the Renewal Term shall equal 95% of the Prevailing Market (hereinafter
defined) rate per rentable square foot for the Premises. Base Rent during the Renewal Term shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Base Rent

  
 2 

	 	
attributable to the Premises shall be payable in monthly installments in accordance with the terms and conditions of Section 4 of the Lease. 

 

	 	2.	Tenant shall pay Additional Rent (i.e. Taxes and Expenses) for the Premises during the Renewal Term in accordance with the Lease, as amended hereby, and the manner and
method in which Tenant reimburses Landlord for Tenant’s Pro Rata Share of Tax Excess and Expense Excess and the Base Year, if any, applicable to such matter, shall be some of the factors considered in determining the Prevailing Market rate for
the Renewal Term. Notwithstanding the foregoing, the Base Year for the Renewal Term shall be the calendar year of 2019. 

  

	 	C.	Initial Procedure for Determining Prevailing Market. Within 30 days after receipt of Tenant’s Initial Renewal Notice, Landlord shall advise Tenant of the
applicable Base Rent rate for the Premises for the Renewal Term. Tenant, within 15 days after the date on which Landlord advises Tenant of the applicable Base Rent rate for the Renewal Term, shall either (i) give Landlord final binding written
notice (“Binding Notice”) of Tenant’s exercise of its Renewal Option, or (ii) if Tenant disagrees with Landlord’s determination, provide Landlord with written notice of rejection (the “Rejection
Notice”). If Tenant fails to provide Landlord with either a Binding Notice or Rejection Notice within such 15 day period, Tenant shall be deemed to have delivered Rejection Notice. If Tenant provides Landlord with a Binding Notice, Landlord
and Tenant shall enter into the Renewal Amendment (as defined below) upon the terms and conditions set forth herein. If Tenant provides (or is deemed to have provided) Landlord with a Rejection Notice, Landlord and Tenant shall

	 	work together in good faith to agree upon the Prevailing Market rate for the Premises during the Renewal Term. When Landlord and Tenant have agreed upon the Prevailing
Market rate for the Premises, such agreement shall be reflected in a written agreement between Landlord and Tenant, whether in a letter or otherwise, and Landlord and Tenant shall enter into the Renewal Amendment in accordance with the terms and
conditions hereof. Notwithstanding the foregoing, if Landlord and Tenant are unable to agree upon the Prevailing Market rate for the Premises within 30 days after the date Tenant provides Landlord with the Rejection Notice, Tenant, by written notice
to Landlord (the “Arbitration Notice”) within 5 days after the expiration of such 30 day period, shall have the right to have the Prevailing Market rate determined in accordance with the arbitration procedures described in Section D
below. If Landlord and Tenant are unable to agree upon the Prevailing Market rate for the Premises within the 30 day period described and Tenant fails to timely exercise its right to arbitrate, Tenant’s Renewal Option shall be deemed to be null
and void and of no further force and effect. In addition, notwithstanding anything in the foregoing to the contrary, if Landlord and Tenant are unable to agree on the Prevailing Market rate for the applicable premises under any existing ROFO Lease
within the 30 day period corresponding with the 30 day period described above, and Tenant fails to timely exercise its corresponding right to arbitrate with respect to any such premises pursuant to a ROFO Lease, then Tenant’s exercise of its
Renewal Option hereunder shall also be deemed null and void. 

  

	 	D.	Arbitration Procedure. 

  

	 	1.	 If Tenant provides Landlord with an Arbitration Notice, Landlord and Tenant, within 5 days after the date of the Arbitration Notice, shall each
simultaneously submit to the other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the Premises during the Renewal Term (collectively referred to as the “Estimates”). If the higher of such Estimates
is not more than 105% of the lower of such Estimates, then Prevailing Market rate shall be the average of the two Estimates. If the Prevailing Market rate is not resolved by the exchange of Estimates, then, within 7 days after the exchange of
Estimates, Landlord and Tenant shall each select an appraiser to determine which of the two Estimates most closely reflects the Prevailing Market rate for the Premises during the Renewal Term. Each appraiser so selected shall be certified as an MAI
appraiser or as an ASA appraiser and shall have had at least 5 years experience within the previous 10 years as a real estate appraiser working in the San Mateo, California area, with working knowledge of current rental rates and practices who has
not represented the party selecting such appraiser on a prior occasion during the prior 3 years. For purposes hereof, an “MAI” appraiser means an individual who holds an MAI designation conferred by, and is an independent member of,
the American Institute of 

  
 3 

	 	
Real Estate Appraisers (or its successor organization, or in the event there is no successor organization, the organization and designation most similar), and an “ASA” appraiser
means an individual who holds the Senior Member designation conferred by, and is an independent member of, the American Society of Appraisers (or its successor organization, or, in the event there is no successor organization, the organization and
designation most similar). 

  

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

  

	 	3.	If the Prevailing Market rate has not been determined by the commencement date of the Renewal Term, Tenant shall pay Base Rent upon the terms and conditions in effect
during the last month of the initial Term for the Premises until such time as the Prevailing Market rate has been determined. Upon such determination, the Base Rent for the Premises shall be retroactively adjusted to the commencement of the Renewal
Term for the Premises. If such adjustment results in an underpayment of Base Rent by Tenant, Tenant shall pay Landlord the amount of such underpayment within 30 days after the determination thereof. If such adjustment results in an overpayment of
Base Rent by Tenant, Landlord shall credit such overpayment against the next installment of Base Rent due under the Lease and, to the extent necessary, any subsequent installments, until the entire amount of such overpayment has been credited
against Base Rent. 

  

	 	E.	Renewal Amendment. If Tenant is entitled to and properly exercises its Renewal Option, Landlord shall prepare an amendment (the “Renewal
Amendment”) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Renewal Amendment shall be sent to Tenant within a reasonable time after determination of the Prevailing Market rate in accordance with
this Section 6.2, and, when the Renewal Amendment is in proper form, Landlord and Tenant shall execute and deliver the Renewal Amendment within 15 days after finalizing the same, but an otherwise valid exercise of the Renewal Option
shall be fully effective whether or not the Renewal Amendment is executed. 

  

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

  
 4 

	 	
Market rate is being determined and the time such Prevailing Market rate will become effective under this Lease. 

 

	 	6.3	Excess Extension Allowance/ Extension FF&E. Notwithstanding any provision herein or in Exhibit A to the contrary, but subject to the Extension
Allowance Deadline (as defined in Exhibit A), to the extent that there is remaining Extension Allowance (as defined in Exhibit A) after the Extension Tenant Improvement Work (as defined in Exhibit A) has
been completed (the “Excess Extension Allowance”), Landlord shall reimburse Tenant, up to the Excess Extension Allowance amount Costs (but not to exceed $2.50 per rentable square foot of the Premises), for the cost of general office
equipment (such as a facsimile machine or a copy machine), the installation cost of telephone and computer cabling in the Premises, the purchase and installation costs of furniture, cabling, voice/data infrastructure and systems, but expressly
excluding any leased equipment or other leasing costs associated therewith, (collectively, the “Extension FF&E”) to be located at all times at the Premises and for use by Tenant in the Premises. Such reimbursement shall be made
by Landlord upon 30 days written invoice to Landlord, which invoice shall be supported by Tenant’s paid receipts and/or invoices for such items. Tenant hereby acknowledges and agrees that the Extension FF&E shall expressly exclude office
supplies (including, without limitation, letterhead and business cards). The Extension FF&E shall be Tenant’s Property for purposes of Section 14 of the Lease and shall be subject to the removal and restoration provisions set forth in
Sections 8 and 25 of the Lease. 

  

	 	6.4	Deletions. Section 3 of Exhibit F to the Lease (Right of First Refusal), as amended by Section 8.02 of the First Amendment, is hereby deleted.

  

	 	6.5	Landlord’s Notice Address. Landlord’s Notice Address set forth in Section 1.12 of the Lease is hereby deleted and replaced with the following:

 EOP-Peninsula Office Park, L.L.C. 
 c/o Equity Office 
 2655 Campus Drive, Suite 100 

San Mateo, California 94403 
 Attn: Building manager 
 with copies to: 

Equity Office 

2655 Campus Drive, Suite 100 
 San Mateo, California 94403 
 Attn: Managing Counsel 

and 

Equity Office 

Two North Riverside Plaza 
 Suite 2100 
 Chicago, IL 60606 

Attn: Lease Administration 
  

	 	6.6	Compliance with Law. Section 8.05 of the First Amendment is hereby amended to apply to the entire Premises. 

 

	 	6.7	Default. Without limiting Section 18 of the Lease, Tenant shall be in Default under the Lease at any time that Tenant is in “Default” (as defined
in the applicable ROFO Lease) under any ROFO Lease (as defined in Section 6.2.A.5 above). 

  

	 	6.8	Contingency. Notwithstanding any contrary provision hereof, if for any reason Landlord fails to obtain the consent of the Current Mortgagee (defined in
Section 6.1 above) to this Amendment on or before the Contingency Date, then this Landlord may terminate this Amendment by notifying Tenant no later than ten (10) business days following the Contingency Date. Upon any such
termination, this Amendment shall have no further force or effect. As used herein, “Contingency Date” means the date occurring forty-five (45) business days after the date of mutual execution and delivery of this Amendment by
Landlord and Tenant. 

  
 5 

	7.	Other Provisions. 

  

	 	7.1	Liability Insurance. Clause (a) of the first sentence of Section 14 of the Lease is hereby amended by replacing the amount “$2,000,000.00”
set forth therein with the amount “$3,000,000.00.” 

  

	 	7.2	Application. Notwithstanding any contrary provision hereof, Section 7.1 above shall not apply to any period occurring before the Extension Date.

  

	8.	Miscellaneous. 

  

	 	8.1.	This Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment, set forth the entire agreement between the parties with
respect to the matters set forth herein. There have been no additional oral or written representations or agreements. Tenant shall not be entitled, in connection with entering into this Amendment, to any free rent, allowance, alteration, improvement
or similar economic incentive to which Tenant may have been entitled in connection with entering into the Lease, except as may be otherwise expressly provided in this Amendment. 

 

	 	8.2.	Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. 

 

	 	8.3.	In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control.

  

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

  

	 	8.5.	The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and
not redefined in this Amendment. 

  

	 	8.6.	Tenant shall indemnify and hold Landlord, its trustees, members, principals, beneficiaries, partners, officers, directors, employees, mortgagee(s) and agents, and the
respective principals and members of any such agents harmless from all claims of any brokers (other than Cassidy Turley BT Commercial) claiming to have represented Tenant in connection with this Amendment. Landlord shall indemnify and hold Tenant,
its trustees, members, principals, beneficiaries, partners, officers, directors, employees, and agents, and the respective principals and members of any such agents harmless from all claims of any brokers claiming to have represented Landlord in
connection with this Amendment. Tenant acknowledges that any assistance rendered by any agent or employee of any affiliate of Landlord in connection with this Amendment has been made as an accommodation to Tenant solely in furtherance of
consummating the transaction on behalf of Landlord, and not as agent for Tenant. 

  

	 	8.7.	Each signatory of this Amendment represents hereby that he or she has the authority to execute and deliver it on behalf of the party hereto for which such signatory is
acting. 

 [SIGNATURES ARE ON FOLLOWING PAGE] 

  
 6 

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

			
	LANDLORD:
	
	EOP-PENINSULA OFFICE PARK, L.L.C., a Delaware
 limited liability company

		
	By:	 	 /s/ John C. Moe

	Name:	 	 John C. Moe

	Title:	 	 Market Managing Director

	
	TENANT:
	
	NETSUITE INC., a Delaware corporation
		
	By:	 	 /s/ Ron Gill

	Name:	 	 Ron Gill

	Title:	 	 CFO

  
 7 

 EXHIBIT A 
 WORK LETTER 
 As used in this Exhibit A (this
“Work Letter”), the following terms shall have the following meanings: “Agreement” means the amendment of which this Work Letter is a part. “Extension Tenant Improvements” means all improvements to
be constructed in the Premises pursuant to this Work Letter. “Extension Tenant Improvement Work” means the construction of the Extension Tenant Improvements, together with any related work (including demolition) that is necessary to
construct the Extension Tenant Improvements. 
 1 EXTENSION ALLOWANCE. 

1.1 Extension Allowance. Following the satisfaction or expiration of the contingency set forth in Section 6.7
of the Agreement, Tenant shall be entitled to a one-time tenant improvement allowance (the “Extension Allowance”) in the amount of $5.00 per rentable square foot of the Premises to be applied toward (a) the Extension Allowance
Items (defined in Section 1.2 below), and (b) Extension FF&E Costs (not to exceed $2.50 per rentable square foot of the Premises), as more fully provided in Section 6.3 of the Agreement. Tenant shall be responsible
for all costs associated with the Extension Tenant Improvement Work, including the costs of the Extension Allowance Items, to the extent such costs exceed the lesser of (a) the Extension Allowance, or (b) the aggregate amount that Landlord
is required to disburse for such purpose pursuant to this Work Letter. Notwithstanding any contrary provision of this Agreement, if Tenant fails to use the entire Extension Allowance by June 30, 2013 (the “Extension Allowance
Deadline”), the unused amount shall revert to Landlord and Tenant shall have no further rights with respect thereto. 

1.2 Disbursement of Extension Allowance. 
 1.2.1 Extension Allowance Items. Except as otherwise provided in this Work Letter, the Extension Allowance shall be disbursed by Landlord only for the following items (the “Extension
Allowance Items”): (a) the fees of the Architect (defined in Section 2.1 below) and the Engineers (defined in Section 2.1 below), and any fees reasonably incurred by Landlord for review of the Plans (defined in
Section 2.1 below) by Landlord’s third party consultants; (b) plan-check, permit and license fees relating to performance of the Extension Tenant Improvement Work; (c) the cost of performing the Extension Tenant
Improvement Work, including after hours charges, testing and inspection costs, freight elevator usage, hoisting and trash removal costs, and contractors’ fees and general conditions; (d) the cost of any change to the base, shell or core of
the Premises or Building required by the Plans (including if such change is due to the fact that such work is prepared on an unoccupied basis), including all direct architectural and/or engineering fees and expenses incurred in connection therewith;
(e) the cost of any change to the Plans or Extension Tenant Improvement Work required by Law; (f) [intentionally omitted]; (g) sales and use taxes; and (h) all other costs expended by Landlord in connection with the performance
of the Extension Tenant Improvement Work. 
 1.2.2 Disbursement. Subject to the provisions of this Work Letter,
Landlord shall make monthly disbursements of the Extension Allowance for Extension Allowance Items and shall authorize the release of monies for Tenant’s benefit as follows: 

1.2.2.1 Monthly Disbursements. On or before the first day of each calendar month during the performance of the Extension
Tenant Improvement Work (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of the Contractor (defined in Section 3.1 below), approved by Tenant, in AIA G-702/G-703 format
or another format reasonably requested by Landlord, showing the schedule of values, by trade, of percentage of completion of the Extension Tenant Improvement Work, detailing the portion of the work completed and the portion not completed;
(ii) invoices from all of Tenant’s Agents (defined in Section 3.1.2 below) for labor rendered and materials delivered to the Premises; (iii) executed conditional mechanic’s lien releases from all of Tenant’s
Agents (along with unconditional mechanic’s lien releases with respect to payments made pursuant to Tenant’s prior submission hereunder) which shall comply with the appropriate provisions, as reasonably determined by Landlord, of
California Civil Code Section 3262(d); and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials
supplied as set forth in Tenant’s payment request. Thereafter, Landlord shall deliver a check to Tenant, made jointly payable to the Contractor and Tenant, in the amount of the lesser of (a) the amount requested by Tenant pursuant to the
preceding sentence, less a 10% retention (the aggregate amount of such retentions to be known as the “Final Retention”), or (b) the amount of any remaining portion of the Extension Allowance (not including the Final
Retention), provided that Landlord does not dispute any request for payment based on any failure of the work to comply with the Approved Construction Drawings (defined in Section 2.4

  
 1 

 
below) or otherwise to be of the required quality, or for any other reason. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work
furnished or materials supplied as described in Tenant’s payment request. 
 1.2.2.2 Final Retention.
Subject to the provisions of this Work Letter, a check for the Final Retention shall be delivered by Landlord to Tenant following the latest to occur of (a) the completion of the Extension Tenant Improvement Work; (b) Tenant’s
delivery to Landlord of (i) properly executed mechanic’s lien releases in compliance with California Civil Code Sections 3262(d) and 3262(d)(4), (ii) a certificate from the Architect, in a form reasonably acceptable to
Landlord, certifying that the Extension Tenant Improvement Work has been substantially completed, and (iii) evidence that all required governmental approvals required for Tenant to legally occupy the Premises have been obtained;
(c) Tenant’s performance of its obligations under clause (i) of the third sentence of Section 3.3 below; or (d) Tenant’s compliance with Landlord’s standard “close-out” requirements regarding city
approvals, closeout tasks, the general contractor, financial close-out matters, and tenant vendors. 
 2 PLANS. 

2.1 Selection of Architect/Plans. Tenant shall retain an architect/space planner approved by Landlord, which approval shall
not be unreasonably withheld (the “Architect”) and engineering consultants approved by Landlord, which approval shall not be unreasonably withheld (the “Engineers”) to prepare any architectural plans for the
Premises and all engineering drawings relating to the structural, mechanical, electrical, plumbing, HVAC, life-safety, and sprinkler work in the Premises in connection with the Extension Tenant Improvement Work. The plans and drawings to be prepared
by the Architect and the Engineers hereunder shall be referred to herein collectively as the “Plans.” All Plans shall (a) comply with the drawing format and specifications required by Landlord, (b) be consistent with
Landlord’s requirements for avoiding aesthetic, engineering or other conflicts with the design and function of the balance of the Building, and (c) otherwise be subject to Landlord’s approval, which shall not be unreasonably withheld.
Tenant shall cause the Architect to verify, in the field, the dimensions and conditions as shown on the relevant portions of the base Building plans, and Landlord shall have no responsibility in connection therewith. Landlord’s review of the
Plans and approval of the Approved Construction Drawings (defined in Section 2.3 below) shall be for its sole benefit and shall not create or imply any obligation on the part of Landlord to review the same for Tenant’s benefit,
whether with respect to quality, design, compliance with Law or any other matter. Accordingly, notwithstanding any review of the Plans by Landlord or any of its space planners, architects, engineers or other consultants, and notwithstanding any
advice or assistance that may be rendered to Tenant by Landlord or any such consultant, Landlord shall not be liable for any error or omission in the Plans or have any other liability relating thereto. Without limiting the foregoing, Tenant shall be
responsible for ensuring (x) that all elements of the design of the Plans comply with Law and are otherwise suitable for Tenant’s use of the Premises, and (y) that no Tenant Improvement impairs any system or structural component of
the Building, and Landlord’s approval of the Construction Drawings (defined in Section 2.3 below) shall not relieve Tenant from such responsibility. 
 2.2 Space Plan. If and to the extent the configuration of Premises is to be modified pursuant to the Extension Tenant Improvement Work, Tenant shall cause the Architect to prepare a space
plan for the Extension Tenant Improvement Work, including a layout and designation of all offices, rooms and other partitioning, and equipment to be contained in the Premises, together with their intended use (the “Space Plan”), and
shall deliver four (4) copies of the Space Plan, signed by Tenant, to Landlord for its approval. Landlord shall provide Tenant with notice approving or reasonably disapproving the Space Plan within 10 business days after the later of
Landlord’s receipt thereof or the mutual execution and delivery of this Agreement. If Landlord disapproves the Space Plan, Landlord’s notice of disapproval shall describe with reasonable specificity the basis for such disapproval and the
changes that would be necessary to resolve Landlord’s objections. If Landlord disapproves the Space Plan, Tenant shall cause the Space Plan to be modified and resubmitted to Landlord for its approval. Such procedure shall be repeated as
necessary until Landlord has approved the Space Plan. 
 2.3 Construction Drawings. After Landlord approves the
Space Plan (if applicable), Tenant shall cause the Architect and the Engineers to complete the architectural, engineering and final architectural working drawings for the Extension Tenant Improvement Work to the extent required to enable
subcontractors to bid on the work and to obtain all applicable permits for the Extension Tenant Improvement Work (collectively, the “Construction Drawings”), and shall deliver four (4) copies of the Construction Drawings,
signed by Tenant, to Landlord for its approval. Notwithstanding the foregoing, at Tenant’s option, the Construction Drawings may be prepared in two phases (first the architectural drawings, then engineering drawings consistent with the
previously provided architectural drawings), provided that each phase shall be subject to Landlord’s approval. Landlord shall provide Tenant with notice approving or reasonably disapproving the Construction Drawings (or the applicable component
thereof) within 10 business days after the later of Landlord’s receipt thereof or the mutual execution and delivery of this Agreement. If Landlord disapproves the Construction Drawings (or any component

  
 2 

 
thereof), Landlord’s notice of disapproval shall describe with reasonable specificity the basis for such disapproval and the changes that would be necessary to resolve Landlord’s
objections. If Landlord disapproves the Construction Drawings (or any component thereof), Tenant shall cause the Construction Drawings to be modified and resubmitted to Landlord for its approval. Such procedure shall be repeated as necessary until
Landlord has approved the Construction Drawings (or the applicable component thereof). Tenant shall not commence the Extension Tenant Improvement Work until after the Construction Drawings are approved by Landlord. No revision may be made to the
approved Construction Drawings (the “Approved Construction Drawings”) without Landlord’s prior consent, which shall not be unreasonably withheld. 
 2.4 Permits. Tenant shall submit the Approved Construction Drawings to the appropriate municipal authorities and otherwise apply for and obtain from such authorities all applicable building
permits necessary to allow the Contractor to commence and complete the performance of the Extension Tenant Improvement Work (the “Permits”). Tenant shall coordinate with Landlord in order to allow Landlord, at its option, to take
part in all phases of the permitting process and shall supply Landlord, as soon as possible, with all plan check numbers and dates of submittal. Notwithstanding any contrary provision of this Section 2.4, Tenant, and not Landlord or its
consultants, shall be responsible for obtaining any Permit or certificate of occupancy; provided, however, that Landlord shall cooperate with Tenant in executing permit applications and performing other ministerial acts reasonably necessary to
enable Tenant to obtain any Permit or certificate of occupancy. Tenant shall not commence construction until all Permits are obtained. 
 3
CONSTRUCTION. 
 3.1 Selection of Contractors. 

3.1.1 The Contractor. Tenant shall retain a general contractor (the “Contractor”) to perform the Extension
Tenant Improvement Work. The Contractor shall be selected by Tenant, by notice to Landlord, from a list of general contractors provided by Landlord or, at Landlord’s option, from a list of general contractors provided by Tenant and approved by
Landlord. For purposes of this Section 3.1.1, Landlord’s approval of a proposed general contractor shall not be considered unreasonably withheld if such general contractor (a) does not have trade references reasonably
acceptable to Landlord, (b) does not maintain insurance as required under the terms of the Lease, (c) cannot be bonded for the work in an amount equal to 150% of the Final Costs (defined in Section 3.2.1 below), (d) does
not provide current financial statements reasonably acceptable to Landlord, or (e) is not licensed as a contractor in the state/municipality in which the Premises is located. Tenant acknowledges that the foregoing is not an exclusive list of
the reasons why Landlord may reasonably disapprove a proposed general contractor. 
 3.1.2 Tenant’s Agents.
All subcontractors, laborers, materialmen and suppliers used by Tenant (such subcontractors, laborers, materialmen, and suppliers, together with the Contractor, to be referred to herein collectively as “Tenant’s Agents”) must
be approved by Landlord. Such approval shall not be unreasonably withheld; provided, however, that Landlord may require Tenant to retain certain subcontractors designated by Landlord. 

3.2 Construction. 
 3.2.1 Construction Contract; Final Costs. Tenant shall not enter into a construction contract with the Contractor (the “Contract”) unless it complies with
Section 3.2.3 below and has been reviewed and approved by Landlord, which approval shall not be unreasonably withheld. If requested by Landlord, before commencing construction of the Extension Tenant Improvement Work, Tenant shall
deliver to Landlord a detailed breakdown of the schedule of values, by trade, of the final costs that will be or have been incurred, as set forth more particularly in Section 1.2.1 above, in connection with the performance of the
Extension Tenant Improvement Work and that form the basis for the amount of the Contract (the “Final Costs”). Tenant shall be responsible for all costs associated with the Tenant Improvement Work, including the costs of the Tenant
Improvement Allowance Items, to the extent the same exceed the aggregate amount that Landlord is required to disburse for such purpose pursuant to this Tenant Work Letter. 
 3.2.2 Landlord’s General Conditions for Tenant Improvement Work. The Extension Tenant Improvement Work shall be performed in a good and workmanlike manner and in strict accordance with
the Approved Construction Drawings. Tenant shall cause Tenant’s Agents to submit to Landlord schedules of all work relating to the Extension Tenant Improvement Work, whereupon Landlord, within five (5) business days, shall inform
Tenant’s Agents of any necessary changes thereto, and Tenant shall cause Tenant’s Agents to adhere to such corrected schedule. Tenant shall abide by all rules established by Landlord relating to the performance of the Extension Tenant
Improvement Work, including rules relating to the use of freight, loading dock and service elevators; any required shutdown of utilities (including life-safety systems); storage of materials; and coordination of work with other tenants’
contractors. 

  
 3 

 3.2.3 Warranty of Contractor. Tenant shall cause the Contractor to agree to be
responsible for (a) the repair, replacement and/or removal, without additional charge, of any portion of the Extension Tenant Improvement Work that is or becomes defective, in workmanship, materials or otherwise, on or before the date occurring
one (1) year after the completion of the Extension Tenant Improvement Work; and (b) the repair of any damage to the Building and/or Common Areas resulting from such repair, replacement and/or removal. Such agreement shall be expressly set
forth in the Contract and, by its terms, shall inure to the benefit of both Landlord and Tenant as their 
 respective interests may appear, and
shall be enforceable by either Landlord or Tenant. Upon Landlord’s request, Tenant shall provide Landlord with any assignment or other assurance that may be necessary to enable Landlord to enforce such agreement directly against the Contractor.

 3.2.4 Insurance Requirements. Tenant shall carry “Builder’s All Risk” insurance in an amount
approved by Landlord covering the Extension Tenant Improvement Work, together with such other insurance as Landlord may reasonably require. 
 3.2.5 Compliance. The Extension Tenant Improvement Work shall comply in all respects with (i) all applicable Laws; (ii) all applicable standards of the American Insurance
Association (formerly, the National Board of Fire Underwriters) and the National Electrical Code; and (iii) all applicable building material manufacturer’s specifications. Without limiting the foregoing, if, as a result of Tenant’s
performance of the Extension Tenant Improvement Work, Landlord becomes required under Law to perform any inspection or give any notice relating to the Premises or the Extension Tenant Improvement Work, or to ensure that the Extension Tenant
Improvement Work is performed in any particular manner, Tenant shall comply with such requirement on Landlord’s behalf and promptly thereafter provide Landlord with reasonable documentation of such compliance. 

3.2.6 Inspection by Landlord. Notwithstanding any contrary provision of the Lease, Landlord, at any time and without notice
to Tenant, may enter the Premises to inspect the Extension Tenant Improvement Work. Neither Landlord’s performance of such inspection nor its failure to perform such inspection shall result in a waiver of any of Landlord’s rights hereunder
or be deemed to imply Landlord’s approval of the Extension Tenant Improvement Work. If, by notice to Tenant, Landlord reasonably identifies any defect in the Extension Tenant Improvement Work, Tenant shall promptly cause the Contractor to
correct such defect at no expense to Landlord. Notwithstanding any contrary provision of this Agreement, if a defect in the Extension Tenant Improvement Work so identified by Landlord might adversely affect any system or structural component of the
Building, the curtain wall or exterior appearance of the Building, or any other tenant’s use of the Building, or might give rise to liability on the part of Landlord to any third party, then (a) Landlord, at Tenant’s expense, may take
such action (including suspension of the Extension Tenant Improvement Work) as Landlord reasonably deems necessary to correct such defect, and (b) until such defect is corrected, Landlord shall have no obligation to disburse any portion of the
Extension Allowance. 
 3.2.7 [Intentionally Omitted]. 
 3.3 Tenant’s Covenants. Within 10 days after completing the Extension Tenant Improvement Work, Tenant shall cause a Notice of Completion to be recorded in the office of the
Recorder of the county in which the Building is located, in accordance with California Civil Code § 3093 or any successor statute, and shall furnish a copy thereof to Landlord upon such recordation. If Tenant fails to do so, Landlord may
execute and file the same on behalf of Tenant as Tenant’s agent for such purpose, at Tenant’s expense. Within 30 days after completing the Extension Tenant Improvement Work, (a) Tenant shall cause the Architect and the Contractor
to (i) update the Approved Construction Drawings as necessary to reflect all changes made to the Approved Construction Drawings during the course of construction, (ii) certify to the best of their knowledge that the updated drawings are
true and correct, which certification shall survive the expiration or termination of the Lease, and (iii) deliver to Landlord two (2) CD ROMS of such updated drawings in accordance with Landlord’s CAD Format Requirements (defined
below); and (b) Tenant shall deliver to Landlord copies of all warranties, guaranties, and operating manuals and information relating to the improvements, equipment, and systems in the Premises. For purposes hereof, “Landlord’s
CAD Format Requirements” shall mean (w) the version is no later than current Autodesk version of AutoCAD plus the most recent release version, (x) files must be unlocked and fully accessible (no “cad-lock”,
read-only, password protected or “signature” files), (y) files must be in “.dwg” format, and (z) if the data was electronically in a non-Autodesk product, then files must be converted into “‘dwg” files
when given to Landlord. 

  
 4 

 4 MISCELLANEOUS. Notwithstanding any contrary provision of this Agreement, if Tenant defaults under
this Agreement before the Extension Tenant Improvement Work is completed, then (a) Landlord’s obligations under this Work Letter shall be excused, and Landlord may cause the Contractor to cease performance of the Extension Tenant
Improvement Work, until such default is cured, and (b) Tenant shall be responsible for any resulting delay in the completion of the Extension Tenant Improvement Work. This Work Letter shall not apply to any space other than the Premises.

  
 5

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