Document:

EX-10.10

 Exhibit 10.10 

 
 

 
 CLOUD SERVICES AGREEMENT 

This Cloud Services Agreement is made effective on May 28, 2021 between: 

QAD Inc., having its principal place of business at 100 Innovation Place, CA 93108 Santa Barbara, United States (hereinafter “Vendor”), and

 RxSight, Inc. having its principal place of business at 100 Columbia, Aliso Viejo, CA 92656 (hereinafter “Customer”). 

WHEREAS Vendor makes its enterprise applications and related offerings available to customers in a hosted environment that is maintained by Vendor; and

 WHEREAS this Agreement outlines the terms and conditions under which Customer can purchase such services from Vendor, 

NOW THEREFORE, the parties agree as follows: 
 Article
1     Definitions 
  

	1.1	 Affiliate means a legal entity in which the undersigned Customer a) directly or indirectly holds more
than 50% of the nominal value of the issued share capital, or b) has more than 50% of the voting power at general meetings; or c) has the power to appoint a majority of the directors; or d) otherwise maintains core control of such entity.

  

	1.2	 Agreement means this Cloud Services Agreement together with any amendments hereto as well as any Order
Documents (including the referenced Program Documents) and Work Orders (and amendments thereto) entered into under this Cloud Services Agreement. 

  

	1.3	 Cloud Applications means the software applications identified in an Order Document that are made
available by Vendor to Customer as part of the Cloud Services. 

  

	1.4	 Cloud Services means access to the Cloud Applications in a hosted Environment, together with support for
the Cloud Applications, as detailed in the applicable Order Document. 

  

	1.5	 Customer means the customer entity that is the signatory to this Agreement. With respect to each Order
Document and Work Order executed under this Agreement, “Customer” also means an Affiliate which executes such Order Document or Work Order. 

  

	1.6	 Documentation means Vendor’s published user manuals and other technical and functional
documentation of the Services made available to Customer by Vendor. 

  

	1.7	 Environment means the infrastructure used to deliver the Cloud Services (i.e. network, hardware,
operating system and Cloud Applications, all hosted in a data center, up until where the Internet Protocol data packets leave the data center either via a private or public connection). 

 

	1.8	 Invoice Period means the period as indicated in an Order Document, for which Vendor shall invoice
Customer for the Cloud Services. 

  

			
	 	 
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	1.9	 Order Document means a document executed by Customer and Vendor that provides for the purchase and
delivery of Cloud Services under the terms of this Agreement, as further defined by one or more Program Documents incorporated into the Order Document by reference. 

 

	1.10	 Personal Data means any information related to any identified or identifiable person and any other
additional data deemed as personal data under the applicable personal data protection laws. 

  

	1.11	 Program Document means a document incorporated into an Order Document for the purpose of defining the
Cloud Services to be purchased and delivered under that Order Document. The Program Documents documenting the various available Cloud Services are available on http://www.qad.com/legal.html. 

 

	1.12	 Services means Cloud Services provided under an Order Document and project-based services provided under
a Work Order. 

  

	1.13	 Vendor Group of Companies means QAD Inc., with an address of 100 Innovation Place, Santa Barbara, CA
93108 USA, and any directly or indirectly held subsidiaries of QAD Inc. 

  

	1.14	 Work Order means a document describing the project-based services provided under the terms of this
Agreement. 

 Article 2     Services 
  

	2.1	 Ordering Services. Customer and Affiliates may elect to purchase Services under the terms of this
Agreement by executing one or more Order Documents or Work Orders prepared by Vendor. The Order Document or Work Order becomes effective once fully executed by both parties. Cloud Services purchased under an Order Document shall be as defined in one
or more Program Documents incorporated into the Order Document by reference. Vendor shall deliver the Services to Customer for use solely for Customer’s own business purposes. 

 

	2.2	 Use of the Services. Customer shall not interfere with or disrupt Vendor’s operation of the systems
used to host the Services or other equipment or networks connected to the Services. Customer shall follow Vendor’s reasonable instructions on how to use the Services. 

 

	2.3	 Cooperation. Customer acknowledges that the timely provision of, and access to, assistance, cooperation,
complete and accurate information from its officers, agents, and employees are required to enable Vendor to provide the Services. 

  

	2.4	 Development Tools. Vendor may provide certain development tools which Customer may use subject to the
following conditions: (i) Customer may use the resulting developments exclusively for Customer’s own business purposes and only together with the Cloud Applications made available to Customer hereunder; (ii) Customer shall not make
the developments available to any other person; (iii) Customer shall follow instructions and guidelines published by Vendor for using the development tools and for promoting developments into the cloud Environment; (iv) Customer
acknowledges and agrees that Vendor makes no warranty with respect to developments created by Customer, and that Vendor is not responsible for any adverse impact on Cloud Services performance caused by such developments; and (v) the Progress
Software Corporation development tools may be used only to install, support, localize or customize the Cloud Applications made available to Customer hereunder. 

 

	2.5	 Responsible for Affiliates. Customer shall be responsible for compliance with this Agreement by any
Affiliate that receives Services hereunder. 

 Article 3     Acceptance 

 

	3.1	 Procedure. If Customer and Vendor have agreed that a certain project-based Service or a specific
deliverable under project-based Services is subject to an acceptance test, then the Service or the deliverable, as the case may be, shall be deemed to have been accepted by Customer upon the first to occur of the following: (a) Customer’s
first production use of the Service or deliverable; or (b) the completion of a formal acceptance test 

  

			
	 	 
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which formal acceptance test shall be conducted on the following terms: (i) Vendor shall notify Customer in writing that the Service or the deliverable is ready for acceptance;
(ii) upon receipt of such notice, Customer shall test the Service or the deliverable for a maximum of two weeks and in a manner consistent with acceptance criteria, which criteria shall be jointly developed and mutually agreed between Vendor
and Customer; (iii) upon the expiration of such two-week period, Customer shall either certify to Vendor that the Service or the deliverable is accepted or deliver to Vendor a written description of any
specific claimed defects in the Service or the deliverable, which defects shall be limited to the failure of the Service or the deliverable to conform to the applicable specifications, or in the absence of such written description of any bona fide
defects within two weeks of notification by Vendor that the Service or the deliverable is ready for acceptance, the Service or the deliverable shall be deemed accepted by Customer; and (iv) upon receipt of such written description, Vendor shall
determine whether any of such claimed defects are bona fide defects, and if so, shall proceed to remedy the same, whereupon the Service or the deliverable shall be retested in accordance with the above procedure. For the avoidance of doubt, no
“acceptance” terms shall apply to Cloud Services. 

 Article 4     Warranties 

 

	4.1	 Cloud Services Warranty. Vendor warrants that, for the period during which Cloud Services are provided,
the Cloud Services shall function in accordance with the applicable Cloud Program Documents and that the Cloud Applications shall be free from material program errors and shall function substantially in accordance with the Documentation. Vendor does
not warrant that the Cloud Applications are completely error free and Vendor does not warrant that the Cloud Applications conform to or satisfy any particular federal, national, state or local laws. If Vendor is unable, after reasonable efforts
following receipt of Customer’s detailed warranty claim, to make the Cloud Applications perform as warranted, Customer’s sole remedy shall be to terminate the use of the Cloud Applications and in such event Vendor shall refund to Customer
the fees paid for the affected Cloud Services for the period during which the defect existed (not to exceed 90 days of fees) plus any prepaid and unused fees for such affected Cloud Services. This warranty shall not apply to any malfunction or error
resulting from improper use of the Cloud Applications by Customer or to malfunctions or errors caused by Customer-provided or Customer-developed software or other materials. This warranty shall apply to the extent that Customer permits the
installation of all fixes, new releases, hardware and software updates recommended by Vendor. The warranties concerning availability of the Environment are documented in the relevant Cloud Program Documents. 

 

	4.2	 Project-Based Services Warranty. Vendor warrants for a period of 90 days after the acceptance date, or
in case no acceptance test applies then for a period of 90 days after delivery, that the project-based Services provided by Vendor under the Agreement shall be performed in a professional and workmanlike manner consistent with industry standards and
that any deliverables provided as part of the project-based Services shall be substantially free from material program errors and shall function substantially in accordance with the applicable Work Order or other specifications agreed in writing by
the parties. Any warranty claim by Customer must be detailed in writing and must be delivered to Vendor within the 90-day warranty period. If Vendor delivers a fix in response to a warranty claim by Customer,
then an extended warranty period shall apply for the 30 days after the fix is delivered. If Vendor is unable, after reasonable efforts following receipt of Customer’s detailed warranty claim, to make the project-based Services or the
deliverable comply with this warranty, Customer’s sole remedy shall be to terminate the use of the project-based Services or the deliverable and in such event Vendor shall refund to Customer the fees paid by Customer for the affected portion of
the project-based Services. 

  

	4.3	 Security. Vendor will implement and maintain appropriate technical and organizational measures that will
ensure the continued confidentiality, integrity and availability of the Environment and any data contained therein. As part of this commitment Vendor shall maintain the certifications identified in the relevant Program Document. Vendor shall, upon
request, provide to Customer evidence of such certifications. 

  

	4.4	 Content. Vendor may provide as part of the Services third-party content, such as trade or compliance
content. This content is provided “as is”, and Vendor makes no warranty as to the accuracy or completeness of such content. Customer uses such content at its own risk, and Vendor shall have no liability to Customer or any third party based
on Customer’s use of or reliance on such content. 

  

			
	 	 
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	4.5	 Limitations. The limited warranties provided in this Agreement are in lieu of all other warranties,
express or implied. To the maximum extent permitted by applicable law, no other warranty is made hereunder by Vendor and all other warranties and conditions (including merchantability and fitness for a particular purpose), either express or implied,
are excluded. 

 Article 5     Fees and Payment 

 

	5.1	 Invoicing. 

  

	 	a)	 Beginning on the Start Date of the term specified in an Order Document and continuing thereafter for each
Invoice Period during the term of the Order Document, Vendor shall invoice Customer for the Cloud Services specified in the Order Document. Invoices for the Cloud Services shall be issued at least 30 days in advance of the start of the Invoice
Period. 

  

	 	b)	 In the event an Order Document automatically renews under this Agreement, then for each renewal term the Cloud
Services fee rates shall be the same as the rates for the previous term, plus an increase equal to the percentage by which the Consumer Price Index for All Urban Consumers (CPI-U, as published by the US
Department of Labor) increased over the previous term. 

  

	 	c)	 If in any calendar month the Disk Space used by Customer exceeds the limitations set forth in an applicable
Program Document then Customer shall pay an additional true-up fee for such excess usage at Vendor’s then-current list price. Vendor shall issue invoices for these
true-up fees after the end of each quarterly period, and no separate purchase order from Customer shall be required. 

  

	 	d)	 Invoices for project-based Services provided on a time and materials basis shall be issued twice monthly in
arrears. Invoices for fixed-fee project-based Services provided under an Order Document (such as Setup) shall be issued upon execution of the Order Document. Invoices for
fixed-fee project-based Services provided under a Work Order shall be issued as provided in the Work Order. 

  

	5.2	 Expenses. Customer shall reimburse Vendor for documented and reasonable travel and out-of-pocket expenses incurred in conjunction with project-based Services. Vendor’s standard policies concerning travel and living shall apply. 

 

	5.3	 Payment. Payments for all fees due under the Agreement shall be due within 30 days of the invoice date.
In the event of payment default lasting more than 30 days the service levels documented in the applicable Program Document shall no longer apply and Customer shall not be eligible to receive service credits as provided under the Program Document.
Additionally, Vendor may, upon written notice providing 15 days to remedy the default, suspend delivery of the Services and/or declare the entire unpaid sum of Cloud Services fees for the full initial term (or renewal term as applicable) immediately
due and payable. 

  

	5.4	 Interest. Any amounts due to Vendor under this Agreement which are not paid within the agreed payment
term shall incur interest at the rate of one-and-one-half percent (11⁄2%) per month or any part of the month, or the maximum permitted by law, whichever is less. The interest shall be due only after a first notice of late payment has been issued by Vendor and shall then be
calculated from the date payment is originally due under the Agreement until the date payment is made in full. Customer shall pay such interest, with all payments first being applied to interest and then to principal. Reasonable legal costs incurred
by Vendor in enforcing its rights in relation to any overdue payment (including reasonable attorney fees) shall be paid by Customer to Vendor. 

  

	5.5	 Taxes. Services fees are exclusive of all taxes, duties and fees. Customer shall make no deductions for
taxes, duties or fees of any kind from any payment to Vendor under this Agreement. If Customer is required by law to withhold taxes, duties or fees, then Customer shall pay Vendor a gross amount of money, such that the net amount received by Vendor
(after deducting or withholding the required taxes, duties or fees) is equal to the amount of the fee originally owed before subtracting such taxes, duties or fees. Taxes on the net income of Vendor are the responsibility of Vendor.

  

	5.6	 Vendor Group of Companies. Vendor reserves the right to assign the invoicing and/or the collection of
payments to other entities in the Vendor Group of Companies. 

  

			
	 	 
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 Article 6    Confidentiality 

 

	6.1	 Confidential Information. Both parties agree that any information obtained directly or indirectly, from
the other party in connection with the Agreement and marked as “confidential” or “proprietary” or some similar legend, or made known to the other party as being confidential or proprietary is the confidential or proprietary
property of such party (hereinafter “Confidential Information”). Information shall not be deemed Confidential Information, and the receiving party shall have no obligation with respect to any such information, which the receiving party can
prove by written records: 

  

	 	•	 	 is already in the public domain other than by a breach of this Agreement on the part of the receiving party; or

  

	 	•	 	 is rightfully disclosed to recipient by a third party which has the right to disclose the information and
transmits it to the receiving party without any obligation of confidentiality; or 

  

	 	•	 	 is rightfully known to the receiving party without any limitation on use or disclosure prior to receipt of the
same from the disclosing party; or 

  

	 	•	 	 is independently developed by personnel of the receiving party who have not had, either directly or indirectly,
access to, or knowledge of, Confidential Information received from the disclosing party; or 

  

	 	•	 	 is generally made available to third parties by the disclosing party without any restriction concerning use or
disclosure; or 

  

	 	•	 	 is approved for release by written authorization of the disclosing party; or 

 

	 	•	 	 is required to be disclosed by a court or governmental entity with jurisdiction over the receiving party, and the
receiving party gives the disclosing party prompt written notice sufficient to allow the disclosing party to seek a protective order or other appropriate remedy, and the receiving party discloses only such information as is legally required and uses
reasonable efforts to obtain confidential treatment of any information so disclosed. 

  

	6.2	 Treatment of Confidential Information. It is agreed that Confidential Information under the Agreement
shall: (a) be kept confidential by the receiving party; (b) be treated by the receiving party in the same way as the receiving party treats Confidential Information generated by itself; (c) not be used by the receiving party otherwise
than in connection with the Agreement; and (d) not be divulged by the receiving party, except to its personnel who have a need to know and have undertaken to keep the Confidential Information confidential. 

 

	6.3	 Disclosure by Employees. Both parties shall use all reasonable steps to ensure that Confidential
Information received under the Agreement is not disclosed by its employees or agents in violation of this Article. 

 Article 7
    Personal Data 
  

	7.1	 Processing and Use of Personal Data. Vendor may process and use the Personal Data only to perform its
obligations or exercise its rights under the Agreement and may disclose them only to Vendor’s employees and agents that have a need to know and are bound by appropriate confidentiality obligations. When processing Personal Data Customer and
Vendor will each observe all Personal Data protection laws applicable to their respective roles of data controller and data processor. 

  

	7.2	 Additional Obligations. Vendor agrees (a) to maintain reasonable security measures for the
protection of Personal Data, as further outlined in this Agreement and in the applicable Program Document; (b) to act only on instruction from Customer in connection with protecting, collecting, storing, transferring and otherwise processing of
Personal Data (Customer’s instructions may be implied or of a general nature); (c) not to copy or reproduce any Personal Data without the express written permission of Customer, except as technically necessary to comply with this Agreement; and
(d) to inform Customer promptly in writing if it becomes aware of any unauthorized use or disclosure of Personal Data by itself or others. 

  

	7.3	 Export of Personal Data. To the extent Vendor initiates the export of Personal Data in the context of
the provision of the Services, Vendor is responsible for ensuring that appropriate arrangements are in place to cover 

  

			
	 	 
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such export (e.g. contractual arrangements, such as the EU standard contractual clauses). Customer acknowledges that Vendor does not control nor has knowledge of to whom Customer provides access
to the Environment and that providing access to the Environment to persons located in other countries may constitute export of Personal Data by Customer. Customer is responsible for ensuring that appropriate arrangements are in place to cover such
export. 

  

	7.4	 Intended Use. Customer is aware and acknowledges that the Services offered by Vendor are focused on use
in the context of manufacturing. As such, Vendor has the reasonable expectance that Customer only enters personal data into the Environment that is relevant in such a context; typically, such information is limited to contact information. Customer
understands that records related to access to and use of the Environment (e.g. user names and usage logs) are maintained by Vendor. Customer acknowledges that Vendor does not check and takes no responsibility for any data entered by Customer into
the Environment. 

  

	7.5	 Assistance. Vendor shall render reasonable assistance to Customer to help Customer comply with
applicable personal data protection laws. If such assistance falls outside of the definition of the contracted Services, such assistance shall be charged by Vendor at the normal Services rates. 

 

	7.6	 Audits. Customer shall have the right to audit Vendor’s compliance with its obligations with regard
to the processing of Personal Data. Accordingly, Vendor shall make available certificates providing evidence of independent audits of Vendor’s security practices and related activities. If Customer wishes to conduct an additional audit,
Customer and Vendor shall agree on the date and the process in writing. In any event, an audit shall be limited to the Services provided for Customer. Customer acknowledges that access to data centers and other secure environments is not possible as
such access would not be permitted under the applicable procedures required to be followed by Vendor or its suppliers to maintain certain certifications (e.g. ISO certifications). Any costs incurred by Vendor to facilitate a Customer audit shall be
charged to Customer at Vendor’s normal Services rates. Customer shall be fully liable for any damages caused by Customer during the conduct of an audit. 

Article 8     Intellectual Property 
  

	8.1	 Ownership. Vendor or its licensors shall retain all intellectual property rights in and to the Cloud
Applications, the Services and anything developed or delivered by Vendor under the Agreement. Vendor shall not obtain any intellectual property rights in or to the Confidential Information or Personal Data of Customer. Vendor shall not obtain any
intellectual property rights in or to developments created by Customer using development tools provided by Vendor, provided that Customer shall not through such development obtain any intellectual property rights to materials owned by Vendor or its
licensors. 

  

	8.2	 Customer Data. Customer grants to Vendor the non-exclusive right
to use anonymized Customer data for the sole purpose of and only to the extent necessary for Vendor to provide, improve and develop the Services. 

Article 9    Indemnification for Intellectual Property Infringement 

 

	9.1	 Vendor Intellectual Property Indemnification. Vendor shall defend, at its expense, any action brought
against Customer based on the claim that the use of the Services, when used within the scope of this Agreement, infringes any intellectual property rights. Vendor shall indemnify Customer for any damages finally awarded against Customer which are
attributable to such claim, provided a) Customer promptly notifies Vendor of any suit or claim, b) Customer permits Vendor to defend, compromise, or settle the claim, and c) Customer gives Vendor the requested information and fully cooperates in
defending, compromising or settling the claim. 

  

	9.2	 Remedies. Vendor shall, in addition to indemnification, a) procure for Customer the right to use the
Services, orb) replace or modify the infringing Services to make them non-infringing, or c) if the foregoing alternatives are not commercially reasonable, terminate the access to relevant parts of the Services
and provide a refund of Services fees paid for the relevant part of the Services with respect to the 90 days prior to the date of termination or provide a refund of the fees paid for the deliverables, as the case may be. 

  

			
	 	 
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	9.3	 Customer Intellectual Property Indemnification. Customer shall defend, at its expense, any action
brought against Vendor based on a claim that any software or information provided by Customer or stored by Customer in the Environment infringes any intellectual property rights or is otherwise unlawful, provided that Vendor notifies Customer
promptly in writing of the claim. Customer shall indemnify Vendor for any damages finally awarded against Vendor which are attributable to such claim, provided a) Vendor promptly notifies Customer of any suit or claim, b) Vendor permits Customer to
defend, compromise, or settle the claim, and c) Vendor gives Customer the requested information and fully cooperates in defending, compromising or settling the claim. 

 

	9.4	 Entire Liability. THIS ARTICLE STATES THE ENTIRE LIABILITY OF PARTIES WITH RESPECT TO INFRINGEMENT OF
COPYRIGHTS, TRADE SECRETS, PATENTS AND OTHER INTELLECTUAL PROPERTY RIGHTS ARISING FROM THE USE OF THE SERVICES. 

 Article 10
    Limitation of Liability 
  

	10.1	 DAMAGES LIMITATION. NEITHER PARTY SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR
CONSEQUENTIAL DAMAGES, OR ANY LOSS OF PROFITS OR REVENUE. 

  

	10.2	 MONETARY LIMITATION. A PARTY’S MAXIMUM LIABILITY FOR ANY DAMAGES ARISING OUT OF OR RELATED TO THE
AGREEMENT OR THE SERVICES, WHETHER IN CONTRACT OR TORT OR OTHERWISE, SHALL BE LIMITED TO THE AMOUNT OF THE FEES CUSTOMER PAID TO VENDOR OVER THE PREVIOUS TWELVE CALENDAR MONTHS UNDER THE ORDER DOCUMENT OR WORK ORDER GIVING RISE TO THE LIABILITY, AND
IF SUCH DAMAGES RESULT FROM CUSTOMER’S USE OF A PARTICULAR SERVICE, SUCH LIABILITY SHALL BE LIMITED TO THE FEES CUSTOMER PAID VENDOR OVER THE PREVIOUS TWELVE CALENDAR MONTHS FOR SUCH SERVICE. THE FOREGOING MAXIMUM LIABILITY LIMIT SHALL NOT
APPLY TO (1) DAMAGES ARISING FROM DEATH OR PERSONAL INJURY; OR (2) UNAUTHORIZED USE OR DISCLOSURE OF CONFIDENTIAL INFORMATION CAUSED BY A PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT; OR (3) A PARTY’S INDEMNIFICATION
OBLIGATIONS IN RELATION TO INTELLECTUAL PROPERTY INFRINGEMENT AS PROVIDED UNDER THE AGREEMENT. 

 Article 11
    Term and Termination 
  

	11.1	 Term. This Agreement shall remain in effect until terminated as provided herein. Either party may
terminate this Agreement for convenience with 30 days’ notice at any time while no Order Document or Work Order is in effect. Each Order Document shall be non-cancellable through the term stated therein
and it shall thereafter automatically renew for subsequent non-cancellable one-year renewal terms unless terminated by either party effective as of the end date of the
term (or any subsequent anniversary thereof) by delivering notice 90 days prior to the permitted termination date. Non-renewal notices to be given to Vendor shall be delivered by email to
renewal@qad.com. 

  

	11.2	 Termination for Cause. Either party may terminate this Agreement or any Order Document or Work Order
upon the other party’s material breach thereof, provided the breaching party fails to remedy such breach within 30 days of receiving the terminating party’s breach notice. If this Agreement is terminated for cause under this section then
any and all Order Documents and Work Orders hereunder shall be automatically terminated simultaneously. 

  

	11.3	 Effect of Termination. Termination of this Agreement or any Order Document or Work Order shall not, by
itself, entitle Customer to any refund for any fees paid nor shall it impair any warranty or other remedy available to either party under the Agreement. 

  

	11.4	 Return of Materials. Upon termination of this Agreement for any reason or upon Customer’s request
Vendor shall promptly return to Customer all data and other materials owned by Customer. 

  

			
	 	 
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	11.5	 Exit Services. In the event of any expiration or termination of this Agreement, Vendor shall provide
such assistance as agreed by parties to enable Customer to transition the provision of the Services provided by Vendor either in-house or to a third party. The scope and costs of such transitional assistance
shall be agreed by Vendor and Customer in writing in a Work Order. 

 Article 12     Miscellaneous 

 

	12.1	 Law Applicable to this Agreement. This Agreement shall be subject to and construed, interpreted, and
applied in accordance with the laws of the State of California, United States of America. Any dispute, claim or controversy arising out of or relating to this Agreement or the breach, termination, enforcement, interpretation or validity thereof,
shall be determined by arbitration in Los Angeles California USA before a single arbitrator. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures. The language of the arbitration shall be
English. The arbitral award, which shall be final and binding on both parties, may be enforced in any court having jurisdiction thereof Any discovery as part of the arbitration process shall include the right to subpoena. Parties acknowledge and
agree that the U.N. Convention on Contracts for the International Sale of Goods and the Uniform Computer Information Transactions Act shall not apply to this Agreement. 

 

	12.2	 Audit. Vendor may audit Customer’s use of the Services to verify that such usage is in accordance
with the Agreement. Customer shall provide reasonable cooperation with such audits as Vendor may request. 

  

	12.3	 Insurance. 

  

	 	(a)	 Required Coverage. At all times during the term of this Agreement Vendor shall procure and maintain, at
its sole cost and expense, insurance coverage in the following types and amounts: 

  

	 	•	 	 Commercial General Liability with limits no less than $1,000,000 per occurrence and $2,000,000 in the aggregate,
such policy will include coverage for 3rd party bodily injury and property damage and also include contractual liability coverage; and 

  

	 	•	 	 Worker’s Compensation and employers’ liability insurance with limits no less than the minimum amount
required by applicable law for each accident, including occupational disease coverage; and 

  

	 	•	 	 Cyber Liability Insurance, including third party coverage, with limits no less than $1,000,000 per occurrence and
$2,000,000 in the aggregate for all claims each policy year; and 

  

	 	•	 	 Errors and Omissions/Professional Liability with limits no less than $1,000,000 per claim and $2,000,000 in the
aggregate for all claims each policy year. 

  

	 	(b)	 Policies. All insurance required to be provided under this contract shall be issued by an insurance
company that is AM Best rated A-VII or better. 

  

	 	(c)	 Certificates of Insurance. Certificates of insurance evidencing all coverages described in this section
shall be furnished to Customer on written request. 

  

	 	(d)	 Non-waiver. This section is not intended to and shall not be
construed in any manner as waiving, restricting or limiting the liability of either party for any obligations under this Agreement (including any provisions hereof requiring a party to indemnify, defend and hold harmless the other party).

  

	12.4	 Legal Construction. To the extent that any law, statute, treaty, or regulation by its terms as
determined by a court, tribunal, or other government authority of competent jurisdiction, is in conflict with this Agreement, the conflicting terms of this Agreement shall be superseded only to the extent necessary by the terms required by such law,
statute, treaty, or regulation. lf any portion of this Agreement shall be otherwise unlawful, void, or for any reason unenforceable, then that provision shall be enforced to the maximum extent permissible so as to effect the intent of the parties.
In either case, the remainder of this Agreement shall continue in full force and effect. 

  

			
	 	 
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	12.5	 Purchase Order Terms and Conditions. Additional or different terms or conditions appearing on
Customer’s purchase order shall be deemed null and void. 

  

	12.6	 Segmentation and Priority. Purchases of Services under an Order Document or Work Order are each separate
and independent from other purchases of Services. Customer’s obligation to pay for Services fees is not contingent on performance of any separately purchased Services. The following order of priority shall apply to the documents comprising the
Agreement: first, the Order Documents with respect to the Cloud Services and the Work Orders with respect to project-based services; second, the Program Documents; and third, this Agreement. 

 

	12.7	 Assignment. Neither party shall assign or transfer its interest in the Agreement or any Order Document
or Work Order to a third patty without the other party’s prior written consent. Notwithstanding the foregoing, Vendor may assign this Agreement and any Order Documents or Work Orders to a member of the Vendor Group of Companies under any
conditions or to an unrelated company pursuant to the sale, merger or other consolidation of Vendor or any of its operating divisions. 

  

	12.8	 Staffing and Subcontracting. Vendor will, at its sole discretion, decide which staff is used to perform
the Services. Vendor may subcontract the Services in whole or in part provided that Vendor will continue to warrant the Services under the terms and conditions of the Agreement. At the request of Customer, Vendor will provide information on the
subcontractors used by Vendor (e.g. the data centers used by Vendor). Customer shall have the opportunity to object, providing reasonable arguments, to the use of certain subcontractors. In case of an objection, parties shall act in good faith to
address and resolve the objection. Customer acknowledges and is aware that multiple companies that form part of the Vendor Group of Companies may be involved in the provision of the Services. 

 

	12.9	 Personnel. Customer shall not hire any employee of Vendor or of Vendor’s subcontractors during the
term of the Agreement and for 180 days after termination of the Agreement unless Customer pays to Vendor an amount equal to twelve months of such employee’s then-current compensation. 

 

	12.10	 Publicity. With prior written approval from Customer, Vendor is permitted to incorporate Customer’s
name in the customer reference list of Vendor and in any public filings required by law and to issue a press release concerning the arrangement provided under this Agreement. 

 

	12.11	 Force Majeure. Neither party shall be liable for delays or
non-performance if such delays or non-performance are beyond such party’s reasonable control provided the party takes reasonable steps to remedy the delay or non-performance promptly. Customer acknowledges that adverse physical security conditions prevailing in a location where services are to be provided on-site shall constitute a
condition of Force Majeure for Vendor. Customer further acknowledges that cloud environments are inherently subject to hacking and viruses and other malicious behavior, and that Vendor shall not be liable for damages arising from such behavior
except to the extent Vendor has failed to fulfill its obligations under this Agreement. 

  

	12.12	 Waiver. The waiver by any party of a breach or default by the other party of any provision of this
Agreement shall not be construed as a waiver by such party of any succeeding breach or default by the other party of the same or another provision. 

  

	12.13	 Notices. Any notices required or permitted to be given pursuant to this Agreement shall be in writing,
addressed to the addresses noted on page one of this Agreement. These written communications shall be in such a manner that proof of delivery can be verified. Each party shall notify the other in writing in the event of any address change.
Notwithstanding the above, non-renewal notices to be given to Vendor shall be delivered by email to renewal@qad.com. 

 

	12.14	 Language. The original of this Agreement has been written in the English language. Customer hereby
waives any right Customer may have under the laws of the country in which the Services are provided to have this Agreement written in another language. The Documentation is provided in English and, when available, in other languages.

  

			
	 	 
	QAD Cloud Services Agreement	  	Page 9 of 10                

	12.15	 Compliance with Laws. The parties shall comply with all laws and regulations applicable in the context
of this Agreement. Customer is aware that Vendor is or is owned by a U.S. company and that U.S. export laws and regulations apply to the use, export or re-export of its products. The Software is not to be used
in any government and/ or defense related activity unless approved under U.S. Export Law and Regulation. 

  

	12.16	 Entire Agreement. The Agreement contains the entire agreement between the parties with respect to the
subject matter hereof and shall supersede any and all prior communications, representations, minutes, agreements, and/or undertakings, either verbal or written, between the parties regarding the said subject matter. Any modification of any of the
terms and provisions of the Agreement must be in writing and signed by duly authorized representatives of the parties. Customer acknowledges that Vendor makes no representations regarding the availability of any specific future Services.

  

	12.17	 Survival. The clauses of this Agreement which are by their nature intended to survive the expiry
termination of this Agreement shall survive the expiry or termination of this Agreement. Such provisions include, but are not limited to, the provisions on Confidentiality, Personal Data, Indemnification for Intellectual Property Right Infringement,
Limitation of Liability and Compliance with Laws. 

  

	12.18	 Counterparts and Valid Signatures. This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. Electronic copies of documents (scans) and electronic signatures shall be acceptable as originals. 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives. 

 

					
	QAD Inc.	 		 	RxSight, Inc.
			
	 /s/ Michael Brunnick
	 		 	 /s/ Patrick M. Cullen

	Authorized Signature:	 		 	Authorized Signature:
	 Michael Brunnick
	 		 	 Patrick M. Cullen

	Printed Name:	 		 	Printed Name:
	 Senior Vice President
	 		 	 Vice President

	Title:	 		 	Title:
	 May 28, 2021
	 		 	 May 28, 2021

	Date:	 		 	Date:
			
	Legal Review:	 		 	

  
 

 
 May 28, 2021 

  

			
	 	 
	QAD Cloud Services Agreement	  	Page 10 of 10EX-10.11

 Exhibit 10.11 

COMMERCIAL LEASE AGREEMENT 

BETWEEN 
 ACCURIDE
INTERNATIONAL, INC. 
 a California corporation 

as Landlord 
 and

 Calhoun Vision, Inc. 

a California corporation 

as Tenant 
 Dated:
October 27, 2015 
 Columbia Corporate Center 

Aliso Viejo, California 

 TABLE OF CONTENTS 

 

							
	 ARTICLE 1
	  	BASIC LEASE PROVISIONS	  	 	2	 
			
	 ARTICLE 2
	  	TERM AND POSSESSION	  	 	4	 
			
	 ARTICLE 3
	  	RENT	  	 	6	 
			
	 ARTICLE 4
	  	SECURITY DEPOSIT	  	 	8	 
			
	 ARTICLE 5
	  	OCCUPANCY AND USE	  	 	9	 
			
	 ARTICLE 6
	  	UTILITIES AND SERVICES	  	 	11	 
			
	 ARTICLE 7
	  	MAINTENANCE, REPAIRS, ALTERATIONS AND IMPROVEMENTS	  	 	12	 
			
	 ARTICLE 8
	  	INSURANCE, FIRE AND CASUALTY	  	 	14	 
			
	 ARTICLE 9
	  	CONDEMNATION	  	 	17	 
			
	 ARTICLE 10
	  	LIENS	  	 	18	 
			
	 ARTICLE 11
	  	TAXES ON TENANT’S PROPERTY	  	 	19	 
			
	 ARTICLE 12
	  	SUBLETTING AND ASSIGNING	  	 	19	 
			
	 ARTICLE 13
	  	SUBORDINATION AND TENANT’S ESTOPPEL CERTIFICATE	  	 	20	 
			
	 ARTICLE 14
	  	DEFAULT	  	 	21	 
			
	 ARTICLE 15
	  	NOTICES	  	 	24	 
			
	 ARTICLE 16
	  	MISCELLANEOUS PROVISIONS	  	 	24	 

 EXHIBITS AND RIDERS 
  

					
	EXHIBIT A	 	Site Plan of Premises
	EXHIBIT B	 	Acceptance of Premises Memorandum
	EXHIBIT C	 	Rules and Regulations
	EXHIBIT D	 	Work Letter
	EXHIBIT E	 	Proposed Floor Plan
	EXHIBIT F	 	Intentionally Deleted
	EXHIBIT G	 	Environmental Questionnaire
	EXHIBIT H	 	2015 Operating Budget
	RIDER 1	 	Option to Renew

  

			
	COMMERCIAL LEASE AGREEMENT	  	1

 COMMERCIAL LEASE AGREEMENT 

This Commercial Lease Agreement (hereinafter called this “Lease”) is made this 31st day of August, 2015 between ACCURIDE
INTERNATIONAL, INC., a California corporation (hereinafter called “Landlord”) and Calhoun Vision, Inc. (“Tenant”). 

ARTICLE 1 
 BASIC LEASE
PROVISIONS AND DEFINITIONS 
  

							
	1.	  	Building:	  		  	
		  		  	 a.  Name:

b.  Address:
	  	 Columbia Corporate Center
 100-150 Columbia
 Aliso Viejo, CA 92656

		  		  	 c.   Project Area:
	  	128,110 square feet
				
	2.	  	Premises:	  		  	
		  		  	 a.  Suite Number:

b.  Agreed Rentable Area:
	  	 Building 100 Suite 200
 21,498 rentable square
feet

				
	3.	  	Term:	  		  	
		  		  	 a.  Initial Term:
	  	62 months
		  		  	 b.  Option to Extend:
	  	With seven (7) months’ prior written notice, Tenant shall have the option to extend the Lease for one (1) additional five (5) year term at the then fair market value for similar space in the area, however the
rent shall not be less than the last month’s rent.
			
	4.	  	Commencement Date:	  	Later of December 1, 2015 or the date that Landlord causes the Tenant Improvements (excluding the Clean Room Work) to be substantially complete as evidence by receipt of a Temporary Certificate of Occupancy from the City of
Aliso Viejo.
			
		  		  	Tenant shall be granted early access to the Premises to install fixtures in the Premises during the construction process, provided Tenant’s vendors do not interfere with Landlord’s contractor.
			
	5.	  	Expiration Date:	  	62 months from the date of commencement.
			
	6.	  	Base Rent:	  	

  

			
	 Rental Period
	  	 Base Monthly Rent

	 Months 1
	  	 $25,367.64 per month plus NNN

	 Months 2-3
	  	 Base Rent Abated/NNN is Due

	 Months 4-12
	  	 $25,367.64 per month plus NNN

	 Months 13-24
	  	 $26,128.67 per month plus NNN

	 Months 25-36
	  	 $26,912.53 per month plus NNN

	 Months 37-48
	  	 $27,719.91 per month plus NNN

	 Months 49-62
	  	 $28,551.50 per month plus NNN

  

			
	COMMERCIAL LEASE AGREEMENT	  	2

					
	7.	  	Tenant’s Pro Rata Share Percentage:	  	Tenant shall be responsible for it’s pro rata share of Operating Expenses (16.78%) per the Lease Agreement estimated to be $0.32/SF/mo There shall be no expense stop.
			
	8.	  	Letter of Credit:	  	Within fourteen (14) days after lease execution, Tenant shall provide a Letter of Credit in the amount $500,000 in favor of the Landlord from a financial institution acceptable to Landlord. The irrevocable letter of credit
shall cover the Initial Term of the Lease. Provided Tenant is not in default, the Letter of Credit will be decreased by 20% at the end of the 14th, 26th, 38th and 50th months. Form of the Letter of Credit is attached as Exhibit F.
			
	9.	  	Security Deposit:	  	Upon Lease execution by Tenant, Tenant shall provide Landlord a check for the first month’s rent and a Security Deposit equal to the last month’s rent.
			
	10.	  	Permitted Use:	  	The Premises shall be used for general office, light manufacturing, clinical lab, storage, and distribution.
			
	11.	  	First Right of Notice:	  	Landlord shall notify Tenant of any availability of the adjacent space within 100 Columbia.
			
	12.	  	Building Warranty:	  	Landlord shall deliver the operating systems of the building in good working order upon Lease Commencement and warranty for the initial ninety (90) days of the Lease Term.
			
	13.	  	Signage:	  	Tenant shall have the right to install signage on the entrance to the Premises provided it complies with the City and the Project Sign Programs. Tenant shall be responsible for the cost to remove said signage at the termination of
the lease.
			
	14.	  	Tenant Improvements:	  	Landlord shall provide a $500,000 Tenant Improvement Allowance (“TIA”) to complete improvements per a mutually agreeable space plan (exhibit D) the attached plans. Said TIA should be inclusive of all Title 24 work, code
compliance and the relocation cost of the 1st floor restrooms. Any cost in excess of the $500,000 TIA, shall be paid per the attached Work Letter.
			
	15.	  	Landlord’s Broker:	  	CB Richard Ellis

  

			
	COMMERCIAL LEASE AGREEMENT	  	3

					
		  	Landlord’s Broker represented by:	  	Gregg Haly
			
	16.	  	 Tenant’s Broker:
 Tenant’s
Broker represented by:
	  	 Lee and Associates
 Guy
LaFerrara

  

					
	17.	  	Payments:	  	All payments shall be sent to Landlord at the address below, or such other place as Landlord may designate from time to time:
			
		  		  	 ACCURIDE INTERNATIONAL INC.
 12311 Shoemaker
Ave.
 Santa Fe Springs, CA 90670

			
	18.	  	Notices:	  	Addresses for notices under this Lease:

  

					
		  	LANDLORD:	  	 TENANT:

			
		  	 Accuride International, Inc.
 12311 Shoemaker
Avenue
 Santa Fe Springs, California 90670
 Attention: Property
Manager
 Tel: (562) 903-0270

Fax: (562 903-0216
	  	 Prior to commencement date:
 Calhoun Vision,
Inc.
 171 N Altadena Dr # 201
 Pasadena, CA 91107

Tel:(626) 685-2000

 ARTICLE 2 

TERM AND POSSESSION 
 SECTION 2.1 LEASE
OF PREMISES, COMMENCEMENT AND EXPIRATION 
 2.1.1    Lease of Premises. In consideration of the mutual
covenants herein, Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, subject to all the terms and conditions of this Lease, the portion of the Building (as described in Item 1 of Article 1) described as the Premises in Item 2
of Article 1 and that is more particularly described on Exhibit A attached hereto (hereinafter called the “Premises”), The agreed rentable area of the Premises is hereby stipulated to be the “Agreed Rentable Area” of the Premises
set forth in Item 2b of Article 1, irrespective of whether the same should be more or less. The agreed rentable area of the Building is hereby stipulated to be the “Project Area” of the Building set forth in Item 1c of Article 1,
irrespective of whether the same should be more or less. The Building, the land on which the Building is situated, and all improvements and appurtenances to the Building and the land are referred collectively herein as the “Property”. 

2.1.2    Initial Term and Commencement. The initial term of the Lease shall be the period of time specified in Item
3a of Article 1. The initial term shall commence on the Commencement Day (herein so called) as set forth in Item 4 of Article 1 and, unless sooner terminated pursuant to the terms of this Lease, the initial term of this Lease shall expire, without
notice to Tenant, on the Expiration Date (herein so called) set forth in Item 5 of Article 1 (as such Commencement Date and/or Expiration Date may be adjusted pursuant to Exhibit B attached hereto). Notwithstanding anything to the contrary contained
herein, the lease will expire in the last day of the last month of the Term. 
 SECTION 2.2 INSPECTION AND DELIVERY OF PREMISES, CONSTRUCTION OF LEASE
IMPROVEMENTS AND POSSESSION 
 2.2.1    Delivery and Completion. Tenant hereby acknowledges that Tenant has
inspected the Common Area (as hereinafter defined) and the Premises, and hereby (i) accepts the Common Area in “AS IS” condition for all purposes and (ii) accepts the Premises for all purposes (including the suitability of the
Premises for the Permitted Use). 

  

			
	COMMERCIAL LEASE AGREEMENT	  	4

 Landlord will use best efforts to substantially perform or cause to be performed the work and/or
construction of Tenant Improvements as outlined in a Work Letter attached as Exhibit D and will use commercially reasonable efforts to Substantially Complete (as defined in the Work Letter) the Tenant Improvements by the Commencement Date. Such work
will be mutually agreed upon by Landlord and Tenant in writing prior to commencement of the work and will be substantially as described in Article 1, Section 4 of the Lease. The Premises shall be delivered to Tenant on the Commencement Date.

 2.2.2    Common Area. “Common Areas” will mean all areas, spaces, facilities, and equipment (whether
or not located within the Building) made available by Landlord for the common and joint use of Landlord, Tenant and others designated by Landlord using or occupying space in the Building or at the Property, as applicable, to the extent same are not
expressly made a part of the Premises, and are made available for use of all tenants in the Building. Tenant is hereby granted a nonexclusive right to use the Common Areas during the term of this Lease for its intended purposes, in common with
others designated by Landlord, subject to the terms and conditions of this Lease, including, without limitation, the Rules and Regulations. The Common Areas will be at all times under the exclusive control, management and operation of the Landlord.

 2.2.3    Acceptance of Premises Memorandum. No later than the Commencement Date, Landlord and Tenant shall
execute the Acceptance of Premises Memorandum (herein so called) attached hereto as Exhibit B. If Tenant occupies the Premises without executing an Acceptance of Premises Memorandum, Tenant shall be deemed to have accepted the Premises for all
purposes and Substantial Completion shall be deemed to have occurred on the earlier to occur of: (i) actual occupancy, (ii) the Commencement Date set forth in Item 4 of Article 1, or (iii) the date Tenant commences doing business at
the Premises if Landlord consents to an early occupancy as set forth in Section 2.2.1. 
 SECTION 2.3 REDELIVERY OF THE PREMISES. 

Upon the expiration or earlier termination of this Lease, or upon the exercise by Landlord of its right to reenter the Premises without terminating the Lease,
Tenant shall immediately deliver to Landlord the Premises in a safe, “broom clean”, neat, sanitary and operational condition, normal wear and tear excepted, together with all keys and parking and access cards. Tenant shall, by the
Expiration Date or the date this Lease is earlier terminated in accordance with the terms hereof, remove from the Premises, at the sole expense of Tenant: (i), any equipment, machinery, trade fixtures and personalty installed or placed in the
Premises by or on behalf of Tenant and (ii) if requested by Landlord, all or any part of the improvements made to the Premises by or on behalf of Tenant. All removals described above shall be accomplished in a good and workmanlike manner so as
not to damage the Premises or the primary structure or structural qualities of the Building or the plumbing, electrical lines or other utilities. Tenant shall, at its expense, promptly repair any damage caused by such removal, provided that in the
case of improvements that Tenant is required to remove, Tenant shall restore the Premises to the condition existing prior to the installation of such improvements. If Tenant fails to deliver the Premises in the condition aforesaid, then Landlord may
restore the Premises to such a condition at Tenant’s expense. All property required to be removed pursuant to this Section not removed within the time period required hereunder shall thereupon be conclusively presumed to have been abandoned by
Tenant, and Landlord may, at its option, take over possession of such property and either (a) declare the same to be the property of the Landlord or (b) at the sole cost and expense of Tenant, remove and store and/or dispose of the same or
any part thereof in any manner that Landlord shall choose without incurring liability to Tenant or any other person. In no event shall Tenant be required to remove the Tenant Improvements at the expiration or earlier termination of this Lease. 

SECTION 2.4 HOLDING OVER. 
 In the event Tenant, or any
party under Tenant claiming rights to this Lease, retains possession of the Premises after the expiration or earlier termination of this Lease, such possession shall constitute and be construed as a tenancy at will only, subject, however, to all of
the terms, provisions, covenants and agreements on the part of Tenant hereunder; such parties shall be subject to immediate eviction and removal, and Tenant or any such party covenants and agrees to pay Landlord as rent for the period of

  

			
	COMMERCIAL LEASE AGREEMENT	  	5

 such holdover an amount equal to one hundred and fifty percent (150%) of the Base Monthly Rent and
Additional Rent (as hereinafter defined) in effect immediately preceding expiration or termination, as applicable, prorated on a daily basis. Tenant covenants and agrees to also pay any and all damages sustained by Landlord as a result of such
holdover. The rent during such holdover period shall be payable to Landlord from time to time on demand; provided, however, if no demand is made during a particular month, holdover rent accruing during such month shall be paid in accordance with the
provisions of this Section 2.4. Tenant will vacate the Premises and deliver same to Landlord immediately upon Tenant’s receipt of notice form Landlord to so vacate. No holding over by Tenant whether with or without consent of Landlord,
shall operate to extend the term of this Lease. No payments of money by Tenant to Landlord after expiration or earlier termination of this Lease shall reinstate, continue or extend the term of this Lease. No payments of money by Tenant, other than
the holdover rent accruing during such holdover period paid in accordance with the provisions of this Section 2.4, to Landlord after the expiration or earlier termination of this Lease shall constitute full payment of rent under the terms of
this Lease, and Tenant further agrees that any such payment(s), other than the holdover rent accruing in accordance with the provisions of this Section 2.4, to Landlord shall constitute a default or breach of this Lease by Tenant pursuant to
Article 14 herein. No extension of this Lease after the expiration or earlier termination thereof shall be valid unless and until the same shall be evidenced by a writing signed by both Landlord and Tenant. 

ARTICLE 3 
 RENT 

SECTION 3.1 BASE RENT. 
 Tenant shall pay as rent for the
Premises the applicable Base Monthly Rent shown in Item 6 of Article 1. The Base Monthly Rent shall be payable in monthly installments equal to the applicable Base Monthly Rent shown in Item 6 of Article 1 in advance, without notice, demand, offset
or deduction. The required monthly installments shall commence on the Commencement Date and shall continue on the first (1st) day of each calendar month thereafter until the Expiration Date;
provided, however, that the Base Monthly Rent for the second and third months of the Lease shall be abated. If the Commencement Date is specified to occur or otherwise occurs on a day other than the first day of a calendar month, the Base Monthly
Rent for such partial month shall be prorated. Tenant hereby agrees to pay an amount equal to the Base Monthly Rent for one full month directly to Landlord concurrently with the execution of this Lease which will be applied to the first month of the
initial Term. 
 SECTION 3.2 ADDITIONAL RENT. 

3.2.1    Definitions: For purposes of this Lease, the following definitions shall apply: 

(a)    “Additional Rent”, for a particular year, shall equal the product of Tenant’s Pro Rata Share
Percentage (as set forth in Item 7 of Article 1), multiplied by the sum of (I) the amount of all Operating Expenses for the applicable calendar year plus (ii) the amount of Real Estate Taxes for the applicable calendar year. The budgeted
operating expenses, insurance and Real Estate taxes schedule for the 2015 calendar year is attached as Exhibit H. 

(b)    “Operating Expenses” shall mean (without duplication of any costs and expenses of which Tenant is
responsible under Section 6.1 or subsection 7.2.1 below) (i) all of the costs and expenses Landlord incurs, pays or becomes obligated to pay in connection with operating, managing, maintaining, repairing and insuring the Property for a
particular calendar year or portion thereof as determined by Landlord in accordance with generally accepted accounting practices, (ii) wages, salaries, employee benefits and taxes for personnel working full or part-time in connection with the
operation, maintenance and management of the Building and the Common Areas (iii) costs of maintenance, repair and care of rail spur areas, if any, shared with other tenants of the Building, (iv) the cost of any capital improvements made to
the Building by Landlord after the date of this Lease that is required under any governmental law or regulation, amortized over the useful life thereof, together with an amount equal to interest at the rate of 12% per annum (the “Amortization
Rate”) on the unamortized balance thereof, (v) the cost of any capital improvement made to the Common Areas of the Building after the date of this Lease that is 

  

			
	COMMERCIAL LEASE AGREEMENT	  	6

 
required under the interpretations of regulations issued from time to time under the provisions of the Americans With Disabilities Act of 1990, 42 U.S.C. Sections 120101-12213 or comparable
California and local agency laws (collectively, the “Disability Acts”), amortized over the useful life thereof, together with an amount equal to interest at the Amortization Rate on the unamortized balance thereof, (vi) the cost of
any labor-saving or energy-saving device or other equipment installed in the Building after the date hereof, amortized over the useful life thereof, together with an amount equal to interest at the Amortization Rate on the unamortized balance
hereof, (vii) the charges assessed against the Property pursuant to any contractual covenants or recorded declaration of covenants or the covenants, conditions and restrictions of any other similar instrument affecting the Property, and
(viii) all other costs and expenses which would generally be regarded as operating, maintenance, repair and management costs and expenses, including those which would normally be amortized over the useful life thereof. In addition, Operating
Expenses shall exclude (a) insurance deductibles; (b) costs incurred in connection with the presence of any hazardous material, except to the extent caused by the release or emission of the hazardous material in question by Tenant; and
(c) costs which could properly be capitalized under generally accepted accounting principles, except to the extent amortized over the useful life of the capital item in question. Operating Expenses shall not include Real Estate Taxes
(hereinafter defined). 
 (c)    “Real Estate Taxes” shall mean all real estate taxes and other taxes or
assessments, which are levied with respect to the Property or any portion thereof for each calendar year and shall include any tax, surcharge or assessment which shall be levied in addition to or in lieu of real estate taxes, the cost and expenses
of a consultant, if any, and/or of contesting the validity or amount of such real estate tax or other taxes, and shall also include rental, excise, sales, transaction, privileged, or other tax or levy, however denominated, imposed upon or measured
by the rental payable hereunder or on Landlord’s business of leasing the Premises, any non-progressive tax on or measured by gross rentals received from the rental of space in the Building, and any tax in
this transaction or any documents to which Tenant is a party creating or transferring an interest in the Premises, excepting only Landlord’s net income taxes (collectively, “Real Estate Taxes”). 

3.2.2 Payment Obligation. In addition to the Base Rent specified in this Lease, Tenant shall pay to Landlord the Additional Rent, in
each calendar year or partial calendar year, payable in monthly installments as hereinafter provided. On or prior to the Commencement Date and at least thirty (30) days prior to each calendar year thereafter (or as soon thereafter as is reasonably
possible), Landlord shall give Tenant written notice of Tenant’s estimated Additional Rent for the applicable calendar year and the amount of the monthly installment due for each month during such year. Tenant shall pay to Landlord on the
Commencement Date and on the first day of each month thereafter the amount of the applicable monthly installment, without notice, demand, offset or deduction, provided, however, if the applicable installment covers a partial month, then such
installment shall be prorated on a daily basis. If Landlord fails to give Tenant notice of its estimated payments of Additional rent in accordance with this subsection for any calendar year, then Tenant shall continue making monthly estimated
payments in accordance with the estimate for the previous calendar year until a new estimate is provided by Landlord. If Landlord determines that, because of unexpected increases in Operating Expenses or other reasons, Landlord’s estimate of
Operating Expenses was too low, then landlord shall have the right to give a new statement of the estimated Additional Rent due from Tenant for the applicable calendar year or the balance thereof and to bill Tenant for any deficiency which may have
accrued during such calendar year or portion thereof, and Tenant shall thereafter pay monthly installments of Additional Rent based on such new statement. Within a reasonable time after the end of each calendar year and the Expiration Date, Landlord
shall prepare and deliver to Tenant a statement showing Tenant’s actual Additional Rent for the applicable calendar year, provided that with respect to the calendar year in which the Expiration Date occurs, (x) that calendar year shall be
deemed to have commenced on January 1 of that year and ended on the Expiration Date (the “Final Calendar Year”) and (y) Landlord shall have the right to estimate the actual Operating Expenses allocable to the final Calendar Year. If
Tenant’s total monthly payments of Additional Rent for the applicable calendar year are less than Tenant’s actual Additional Rent, then Landlord shall bill Tenant for the difference. If Tenant’s total monthly payments of Additional
Rent exceed actual Additional Rent, then Landlord shall credit the amount of such overpayment to Tenant, provided, however, with respect to the Final Calendar Year, Landlord shall pay to Tenant the amount of such excess payments, less any additional
amounts then owed to Landlord. Unless Tenant takes written exception to any item within (60) sixty days after the furnishing of an annual statement, such statement shall be considered as final and accepted by Tenant. Any amount due Landlord as shown
on any such 

  

			
	COMMERCIAL LEASE AGREEMENT	  	7

 
statement shall be paid by Tenant within twenty (20) days after it is furnished to Tenant. Tenant or its authorized representative shall have the right to inspect the books of Landlord, for
the purpose of verifying the information contained in the statement. 
 SECTION 3.3 RENT DEFINED AND NO OFFSETS. 

The Base Monthly Rent, the Additional Rent and all other sums required to be paid to Landlord by Tenant under this Lease, including any sums due under the Work
Letter, shall constitute rent and are sometimes collectively referred to as “Rent”. Tenant shall pay each payment of rent when due, without prior notice or demand therefore and without deduction or offset. 

SECTION 3.4 LATE CHARGES. 
 If any installment of Base
Monthly Rent or Additional Rent or any other payment of Rent under this Lease shall not be paid when due, a “Late Charge” of ten percent (10%) of the amount overdue may be charged by Landlord to defray Landlord’s administrative
expense incident to the handling of such overdue payments. The Rent and Additional Rent shall be late if it is not received by the fifth (5th) day of the month. The parties agree that (a) it
would be impractical and extremely difficult to fix the actual damage Landlord will suffer in the event of Tenant’s late payment, (b) such late charge represents a fair and reasonable estimate of the detriment that Landlord will suffer by
reason of late payment by Tenant, and (c) the payment of interest as provided in Section 16.9 hereof and late charges pursuant to this Section 3.4 are distinct and separate in that payment of interest is to compensate Landlord for the
use of Landlord’s money by Tenant, while the payment of late charges is to compensate Landlord for Landlord’s processing, administrative and other costs incurred by Landlord as a result of Tenant’s delinquent payments. Acceptance of
any such interest and late charges will not constitute a waiver of Tenant’s default with respect to the overdue amount, or prevent Landlord from exercising any other rights and remedies available to Landlord. Each Late Charge shall be payable
by Tenant on demand of Landlord. 
 ARTICLE 4 

LETTER OF CREDIT/SECURITY DEPOSIT 
 Tenant
will provide Landlord on the date this Lease is executed by Tenant an irrevocable letter of credit as set forth in Item 8 of Article 1 as security for the performance of the terms hereof by Tenant. It is expressly understood and agreed that the
Letter of Credit is not an advance payment of Rent or a measure of Landlord’s damages in case of default by Tenant. If Tenant defaults beyond applicable notice and cure periods with respect to any provisions of this Lease, Landlord may, but
shall not be required to, from time to time, without prejudice to any other remedy, apply or retain all or any part of the letter of credit for the payment of any Rent or any other sum in default, or for the payment of any other amount which
Landlord may spend or become obligated to spend by reason of Tenant’s default, or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant’s default, including, without limitation, costs and
attorneys’ fees incurred by Landlord to recover the possession of the Premises. Upon the occurrence of any event of default by Tenant beyond applicable notice and cure periods, Landlord may, from time to time, without prejudice to any other
remedy provided herein or provided by law, use such funds to the extent necessary to make good any arrears of rentals and any other damage, injury, expense or liability caused to Landlord by such event of default. Should Landlord exhaust the funds
available per the Letter of Credit prior to its designated drawn down dates, Tenant shall pay to Landlord on demand the amount so applied in order to restore the available credit to its original amount relevant to the schedule set forth in Item 8 of
Article 1. If Tenant is not then in default of this Lease, the Letter of Credit shall be reduced in a manner as set forth in Item 8 of Article 1. The Security deposit shall be returned to Tenant within the “Applicable Period” after the
date Landlord receives possession of the Premises from Tenant at the completion of the lease term. The “Applicable Period” is fourteen (14) days where Landlord has no claim upon the Security Deposit or the claim of Landlord upon the
Security Deposit is only for defaults in the payment of Rent or any other charges payable by Tenant under this Lease, and thirty (30) days where the claim of Landlord includes amounts reasonably necessary to repair damages to the Premises caused by
Tenant. Tenant agrees that it will not assign or encumber or attempt to assign or encumber the monies deposited with Landlord as the Security 

  

			
	COMMERCIAL LEASE AGREEMENT	  	8

 Deposit and that Landlord and its successors and assigns shall not be bound by any such actual or attempted
assignment or encumbrance. 
 ARTICLE 5 

OCCUPANCY AND USE 
 SECTION 5.1 USE OF
PREMISES 
 5.1.1    General. The Premises shall, subject to the remaining provisions of this Section, be used
solely for the purpose specified in Item 10 of Article 1. Prior to commencement of any work pursuant to the Work Letter (or if no work is to be performed pursuant to a Work Letter, then prior to Tenant’s occupancy of the Premises), Tenant shall
satisfy itself and Landlord that the Permitted Use will comply with all applicable zoning ordinances, rules and regulations. Without in any way limiting the foregoing, Tenant shall not use any part of the Premises for sleeping quarters, or for the
generation of hazardous or toxic chemicals or materials except as disclosed by the Tenant in the Environmental Questionnaire and approved by the Landlord, and will not use, occupy or permit the use or occupancy of the Premises for any purpose which
is forbidden by or in violation of any zoning ordinance law, rule or regulation or any other law, ordinance, or governmental or municipal regulation, order, or certificate of occupancy, or which may be dangerous to life, limb or property; or permit
the maintenance of any public or private nuisance; or do or permit any other thing which may disturb the quiet enjoyment of any other tenant of the Building; or keep any substance or carry on or permit any operation which might emit offensive odors
or conditions from the Premises; or commit, suffer or permit any waste in or upon the Premises, or at any time, sell, purchase or give away or permit the sale, purchase or gift of food in any form by or to any of Tenant’s agents or employees or
other parties in the Premises except through vending machines in employees’ lunch or rest areas within the Premises for use by Tenant’s employees only; or use an apparatus which might make undue noise or set up vibrations in the Building;
or permit anything to be done which would increase the fire and extended coverage insurance rate on the Building or contents, and if there is any increase in such rate by reason of acts of Tenant, then Tenant agrees to pay such increase upon demand
therefor by Landlord. Payment by Tenant of any such rate increase shall not be a waiver of Tenant’s duty to comply herewith. TENANT SHALL INDEMNIFY AND HOLD LANDLORD HARMLESS FROM ANY AND ALL COSTS, EXPENSES (INCLUDING REASONABLE ATTORNEYS
FEES), CLAIMS AND CAUSES OF ACTION ARISING FROM TENANT’S FAILURE TO COMPLY WITH SECTION 5.1. Outside storage, including without limitation, storage in non-operative or stationary trucks, trailers and
other vehicles, and vehicle maintenance or repair is prohibited without Landlord’s prior written consent. Tenant shall keep the Premises neat and clean at all times. Tenant shall promptly comply with any direction of any governmental authority
having jurisdiction which imposes any duty upon Tenant or Landlord with respect to the Premises, or with respect to the occupancy or use thereof and shall comply with all matters of record affecting the Premises which may impose additional
restrictions and/or obligations on Landlord or the Tenant. 
 5.1.2    Hazardous and Toxic Materials. 

(a)     Tenant shall not incorporate into, use, release, or otherwise place or dispose of at, in, on, under or near the
Premises, the Building or the Property any hazardous or toxic materials except that Tenant may use and temporarily store cleaning and office supplies and other materials used in the ordinary course of Tenant’s business and then only if (i) such
materials are in limited quantities required to conduct Tenant’s business, properly labeled and contained, (ii) notice of and a copy of the current material safety data sheet is first delivered to and written consent is obtained from Landlord
for each such hazardous or toxic material and (iii) such materials are used, transported, stored, handled and disposed off-site at properly authorized facilities in accordance with the highest accepted industry standards for safety, storage, use and
disposal in accordance with all applicable governmental laws, rules and regulations, including without limitation applicable Environmental Laws. Landlord shall have the right to periodically inspect, take samples for testing and otherwise
investigate the Premises for the presence of hazardous or toxic materials. Landlord shall not knowingly dispose of at the Premises, in the Building or the Property any hazardous or toxic materials and shall otherwise deal with all hazardous or toxic
materials at the Premises, Building or Property in a manner that will not materially and adversely affect Tenant’s access, use or occupancy of the Premises. If Landlord or Tenant ever has knowledge of the 

  

			
	COMMERCIAL LEASE AGREEMENT	  	9

 
presence in the Premises or the Building or the Property of hazardous or toxic materials which affect the Premises, the party having knowledge shall notify the other party thereof in writing
promptly after obtaining such knowledge. For purposes of this Lease, hazardous or toxic materials shall mean asbestos containing materials (“ACM”) and all other materials, substances, wastes and chemicals classified, defined, listed, or
regulated as, or containing, a “hazardous substance,” “hazardous waste,” “toxic substance,” “pollutant,” “contaminant,” “hazardous material,” “solid waste,” and/or “regulated
substance,” under any Environmental Law. As used herein, the term “Environmental Law or Laws” shall mean any and all statutes, rules, regulations, ordinances, orders, permits, licenses, and other applicable legal requirements,
relating directly or indirectly to human health or safety or environment, or the presence, handling, treatment, storage, disposal, recycling, reporting, remediation, investigation, or monitoring of hazardous or toxic materials. 

(b)    Prior to commencement of any tenant finish work to be performed by Landlord, Tenant shall have the right to make
such studies and investigations and conduct such non-destructive or non-invasive environmental tests and surveys of the Premises as Tenant deems necessary or
appropriate, subject to the conditions that all such studies and investigations shall be completed prior to the commencement of any tenant finish work to be performed by Landlord. TENANT SHALL RESTORE THE PREMISES AND HOLD LANDLORD HARMLESS FROM
AND INDEMNIFY LANDLORD AGAINST ALL LOSS, DAMAGES, AND CLAIMS RESULTING FROM OR RELATING TO TENANT’S STUDIES, TESTS AND INVESTIGATIONS. If such study, test, investigation or survey evidences hazardous or toxic materials which affect the
Premises, Tenant shall have the right to terminate this Lease provided such right shall be exercised, if at all, prior to the commencement of any tenant finish work to be performed by Landlord and within five (5) days after Tenant receives the
evidence of hazardous or toxic materials. If Tenant takes occupancy of the Premises prior to exercising such right, Tenant’s right to terminate this Lease shall be null and void and of no further force and effect. 

(c)    If Tenant or its employees, agents, contractors, invitees, or visitors shall ever violate the provisions of
paragraph (a) of this subsection 5.1.2 or otherwise contaminate the Premises or the Property, then Tenant shall promptly, diligently, and expeditiously investigate, clean up, remove and dispose of the material causing the violation, in
compliance with all applicable governmental standards, laws, rules and regulations including without limitation applicable Environmental Laws and then prevalent industry practice and standards and shall repair any damage to the Premises or the
Building or the Property as soon as practicable. Tenant shall notify Landlord in advance of its method, time and procedure for any investigation, remediation or monitoring of hazardous or toxic materials and Landlord shall have the right to require
reasonable changes in such method, time or procedure as Landlord considers appropriate to prevent interference with any use, occupancy, care, appearance or maintenance of the Property or the Building, or the rights of other tenants, or to require
the same to be done after normal business hours. Under no circumstances shall any remediation by Tenant leave any hazardous or toxic materials at, in, on, or under the Premises, the Property, or the Building without first obtaining the prior written
consent of Landlord. Tenant’s obligations under this subsection 5.1.2(c) shall survive the termination of this Lease. If Tenant does not properly perform its obligations hereunder and such deficiency is not cured to Landlord’s satisfaction
within thirty days after notice from Landlord of such deficiency, Landlord shall have the right, but not the obligation, to perform such work and all costs and expenses associated therewith shall be due and payable by Tenant upon demand. Tenant
represents to Landlord that, except as has been disclosed to Landlord in writing, Tenant, or any of its owners, partners, managers, members, shareholders, or venturers shall have never been cited for or convicted of any violations under applicable
laws, rules and regulations, including without limitation Environmental Laws. 
 (d)    TENANT AGREES
TO DEFEND, INDEMNIFY AND HOLD HARMLESS LANDLORD, ITS OFFICERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES, AGENTS, SUCCESSORS AND ASSIGNS FROM AND AGAINST ALL OBLIGATIONS (INCLUDING REMOVAL AND REMEDIAL ACTIONS), LOSSES, CLAIMS, SUITS, JUDGMENTS,
LIABILITIES (INCLUDING WITHOUT LIMITATION STRICT LIABILITIES), PENALTIES, DAMAGES (INCLUDING CONSEQUENTIAL DAMAGES AND PUNITIVE DAMAGES), COSTS AND EXPENSES (INCLUDING ATTORNEYS’ AND CONSULTANT’S FEES AND EXPENSES) OF ANY KIND OR NATURE
WHATSOEVER THAT MAY AT ANY TIME BE INCURRED BY, IMPOSED ON OR ASSERTED AGAINST SUCH INDEMNITEES DIRECTLY OR INDIRECTLY BASED ON, OR ARISING OR RESULTING FROM, THE ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS OR TOXIC MATERIALS ON, AT, IN,
UNDER, FROM OR NEAR THE 

  

			
	COMMERCIAL LEASE AGREEMENT	  	10

 PREMISES WHICH IS CAUSED BY TENANT, OR ITS LICENSEES OR INVITEES OR ANY PERSON ACTING UNDER, ON BEHALF
OF, OR AT THE DIRECTION OR PERMISSION OF TENANT. THE PROVISIONS OF THIS SECTION 5.1.2(d) SHALL SURVIVE THE EXPIRATION OR SOONER TERMINATION OF THIS LEASE. 

5.1.3    Monitoring, Inspecting and Remediating Mold. Tenant, at its sole cost and expense shall: 

(a)    Tenant, at its sole cost and expense, shall (i) regularly monitor the Premises for the presence of mold or for
any conditions that reasonable can be expected to give rise to mold (the “Mold Condition”), including but not limited to, observed or suspected instances of water damage, mold growth, repeated complaints of respiratory ailment or eye
irritation by Tenant’s employees or any other occupants in the Premises, or any notice from a governmental agency of complaints regarding the indoor air quality at the Premises; and (ii) promptly notify Landlord in writing if Tenant
suspects mold or Mold Conditions at the Premises. 
 (b)    In the event of suspected mold or Mold Conditions at the
Premises, Tenant, at its sole cost and expense, shall promptly cause an inspection of the Premises to be conducted, during such time as Landlord may designate, to determine if mold or Mold Conditions are present at the Premises, and shall
(i) notify Landlord, in writing, at least three (3) days prior to the inspection, of the date on which the inspection shall occur, and which portion of the Premises shall be subject to the inspection; (ii) retain an industrial
hygienist certified by the American Board of Industrial Hygienists (“CIH”) or an otherwise qualified mold consultant (generally, “Mold Inspector”) to conduct the inspection; and (iii) cause such Mold Inspector to:
(A) obtain or maintain errors and omissions insurance coverage with terms and limits customarily maintained by Mold Inspector, adding Landlord as an additional insured with respect to Landlord’s vicarious liability, and provide to Landlord
evidence of such coverage and a copy of the endorsement granting Landlord additional insured status; (B) perform an inspection in a manner that is strictly confidential and consistent with the duty of care exercised by a Mold Inspector; and
(C) prepare an inspection report, keep the results of the inspection report confidential, and promptly provide a copy to Landlord. 

(c)    In the event the inspection required by (b) above determines that mold or Mold Conditions are present at the
Premises, then (I) Tenant, at its sole cost and expense shall promptly: (A) hire trained and experienced mold remediation contractors to prepare a remediation plan and to remediate the mold or Mold Conditions at the Premises; (B) send
Landlord notice, in writing, with a copy of the remediation plan, at least 3 days prior to the mold remediation, stating: (1) the date on which the mold remediation shall start; (2) which portion of the Premises shall be subject to
remediation; (3) the name, address, and telephone number of the certified mold remediation contractors performing the remediation; (4) the remediation procedures and standards to be used at the Premises; (5) the clearance criteria to
be employed at the conclusion of the remediation; and (6) the date the remediation will conclude; (C) notify, in accordance with any applicable state or local health or safety requirements, its employees as well as occupants and visitors
of the Premises of the nature, location, and schedule for the planned mold remediation; (D) ensure that the mold remediation is conducted in accordance with the relevant provisions of the document Mold Remediation in Schools and Commercial
Buildings (EPA 402-K-01-001, March 2001) (“EPA Guidelines”), published by the U.S. Environmental Protection Agency, as
may be amended or revised from time to time, or any other applicable, legally binding federal, state, or local laws, regulatory standards or guidelines: and (E) provide Landlord with a draft of the mold remediation report and give Landlord a
reasonable opportunity to review and comment thereon, and when such report is finalized, promptly provide Landlord with a copy of the final remediation report. 

(d)    Tenant acknowledges and agrees that Landlord shall have a reasonable opportunity to inspect the remediated portion
of the Premises after the conclusion of the mold remediation. If the results of Landlord’s inspection indicate that the remediation does not comply with the final remediation report or any other applicable federal, state, or local laws,
regulatory standards or guidelines, including without limitation, the EPA Guidelines, then Tenant, at its sole cost and expense, shall immediately take all further actions necessary to ensure such compliance. 

ARTICLE 6 
 UTILITIES AND
SERVICES 

  

			
	COMMERCIAL LEASE AGREEMENT	  	11

 SECTION 6.1 UTILITIES. 

Except for Landlord’s obligation under the last two sentences of this Section 6.1, Tenant shall be responsible for providing all utilities to the
Premises. Tenant shall directly pay for all utilities used on the Premises which are separately metered, and reimburse Landlord for sub-metered utilities (if any) together with any maintenance charges for
utilities. The cost of any utilities which are not separately metered or sub-metered to the Premises shall be an Operating Expense and charged to Tenant in accordance with Article 3. Tenant’s use of
electric current shall at no time exceed the capacity of the feeders or lines to the Building or the risers or wiring installation of the Building or the Premises. Landlord shall in no event be liable for any interruption or failure of, and Tenant
shall not be entitled to any abatement or reduction of Rent by reason of, any interruption or failure of utilities or other services to the Premises, nor shall any such interruption or failure in any such utility or service be construed as an
eviction (constructive or actual) of Tenant or as a breach of the implied warranty of suitability, or relieve Tenant from the obligation to perform any covenant or agreement herein, and in no event shall Landlord be liable for damage to persons or
property (including, without limitation, business interruption), or in default hereunder, as a result of any such interruption or failure. However, if any such interruption is caused by a break or other damage to any utility lines located on the
Property and outside of the Building that are under the exclusive control of Landlord, upon receipt of written notice of such interruption Landlord shall use reasonable efforts to perform or cause to be performed the necessary repairs within such
time frame as may be reasonable under the circumstances in order to restore the affected service to the Premises. In addition, if any such interruption is caused by a break or other damage to any utility line located on the Property and controlled
by a governmental, private or public utility, Landlord will cooperate with such utility so that the interrupted service is restored to the Premises as soon as it is reasonably possible. 

SECTION 6.2 SERVICES. 
 Landlord shall be under no
obligation to provide any services to the Building or Premises, except that Landlord shall provide maintenance and cleaning in the Common Areas and utility service lines and hookups to the Building. 

ARTICLE 7 
 MAINTENANCE,
REPAIRS, ALTERATIONS AND IMPROVEMENTS 
 SECTION 7.1 LANDLORD’S OBLIGATION TO MAINTAIN AND REPAIR. 

Landlord shall (subject to Section 8.1, Section 8.4, Article 9 and Landlord’s rights under Section 3.2, and except for ordinary wear and
tear) maintain load bearing walls and foundation and repair or replace the roof of the Building when necessary (with the cost of roof repairs an Operating Expense, and charged to Tenant pursuant to Section 3.2.1(b)). Except for maintaining the
structural soundness of the load bearing walls and foundation of the Building located within the Premises, Landlord shall not be required to maintain or repair any other portion of the Premises. Tenant hereby waives, so far as permitted by law, the
right to make repairs at Landlord’s expense under any law, statute, ordinance, rule, regulation, order or ruling (including, without limitation, the provisions of California Civil Code Sections 1941 and 1942 and any successor statutes or laws
of a similar nature). 
 Basic Elements of the facility which include (i) boiler and pressure vessels, (ii) fire extinguishing systems, including fire alarm
and/or smoke detection, (iii) roof membrane and drains, (iv) driveways and parking lots, (v) clarifiers, (vi) basic utility feeds to the perimeter of the Building, and (vii) any other equipment, if reasonably required by Landlord will be directly
paid by the tenant or subject to Additional Rent expense recoveries in accordance with Section 3.2 of this Lease. Without relieving Tenant of liability resulting from Tenant’s failure to exercise and perform good maintenance practices, if the
Basic Elements described above cannot be repaired other than at a cost which is in excess of 50% of the cost of replacing such Basic Elements, then such Basic Elements shall be replaced by Landlord, and the cost thereof shall be prorated between the
Parties and Tenant shall only be obligated to pay, each month during the remainder of the term of this Lease, on the date on which Base Rent is due, and amount equal to the product of multiplying the cost of such replacement by a fraction, the
numerator of which is one, and the denominator of which is the number of months of the useful life of such replacement as such useful life is specified pursuant to Federal income tax regulations or guidelines for depreciation thereof (including 

  

			
	COMMERCIAL LEASE AGREEMENT	  	12

 interest on the unamortized balance as is then commercially reasonable in the judgment of Landlord’s
accountants), with Tenant reserving the right to prepay its obligation at any time. 
 SECTION 7.2 TENANT’S OBLIGATIONS TO MAINTAIN AND REPAIR.

 7.2.1    Tenant’s Obligations. Subject to Sections 7.1, 8.1 and 8.4 and Article 9, Tenant shall, at
Tenant’s sole cost and expense, and with Landlord’s supervision, repair and, as appropriate, replace any damage or injury done to the Premises caused by Tenant, Tenant’s agents, employees, licensees, invitees or visitors and shall
otherwise keep and maintain in good condition, appearance and repair (including replacements), the Premises, which obligation shall include, but not be limited to, the maintenance, repair and, as appropriate, replacement of (a) all security,
fire (including fire sprinkler), heating and air conditioning systems and fixtures serving the Premises, (b) all plumbing, sewage, mechanical and electrical systems and fixtures serving the Premises, (c) all fixtures, walls, ceilings,
floors, doors, overhead and dock loading doors, windows, plate glass, skylights, lamps, fans and all other appliances and equipment of every kind and nature located in, upon or about the Premises and (d) the rail spur(s), if any, exclusively
serving the Premises. TENANT SHALL INDEMNIFY AND HOLD LANDLORD HARMLESS FROM ANY AND ALL COSTS, EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES), CLAIMS AND CAUSES OF ACTION ARISING FROM OR INCURRED BY AND/OR ASSERTED IN CONNECTION WITH ANY
SUCH MAINTENANCE, REPAIRS, REPLACEMENTS, DAMAGE OR INJURY OR TENANT’S BREACH OF ITS OBLIGATIONS UNDER THIS SECTION 7.2 All repairs and replacements performed by and on behalf of Tenant shall be performed in a good and workmanlike manner
acceptable in all aspects to Landlord, and in accordance with Landlord’s standards applicable to alterations or improvements performed by Tenant. Tenant shall continue to pay Rent, without abatement, during any period that repairs or
replacements are performed or required to be performed by Tenant under this Section 7.2. Tenant shall make no repairs to or penetrations of the roof of the Premises without Landlord’s consent. The Landlord warrants the HVAC, plumbing and
other systems from the commencement of the lease to a date 90 days thereafter (the “Warranty Period”). Said warranty will cover all materials and labor on repairs during the Warranty Period unless caused by Tenant misuse. In the event a
replacement of the system is required during the Warranty Period, any months of amortization of the new asset will be abated if they fall within the Warranty Period. 

7.2.2    Rights of Landlord. Any maintenance, repairs or replacements to be performed by Tenant under
Section 7.2.1 above and any service which Tenant is required to provide under Section 6.1 above may, upon written notice from Landlord to Tenant, be performed by Landlord for Tenant’s benefit, in which event Tenant shall reimburse
Landlord for all expenses and costs incurred by Landlord in performing same plus an additional five percent (5%) of such amount to compensate Landlord for Landlord’s overhead and administrative costs relating to such work. Landlord shall have
the same rights with respect to repairs performed by Tenant as Landlord has with respect to improvements and alterations performed by Tenant under subsection 7.3.3. In the event Tenant fails, in the reasonable judgment of Landlord, to maintain the
Premises in good order, condition and repair, or otherwise satisfy its repair and replacement obligations under subsection 7.2.1 or fails to provide the services required under Section 6.1 above, and such failure continues beyond a reasonable
period of time, Landlord shall have the right to perform such maintenance, repairs and replacements or provide such services, at Tenant’s sole cost and expense. Tenant shall pay to Landlord on demand any such expense incurred by Landlord plus
an additional five percent (5%) of such amount to compensate Landlord for Landlord’s overhead and administrative costs relating to such work, together with interest thereon at the rate specified in Section 16.9 from the date of demand
until paid. All such amounts owing pursuant to this Section 7.2.2 shall be deemed Rent hereunder. 
 SECTION 7.3 IMPROVEMENTS AND ALTERATIONS

 7.3,1    Landlord’s Construction Obligations. Landlord’s sole construction obligation under this
Lease is as set forth in the Work Letter attached hereto as Exhibit D. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	13

 7.3.2    Alteration of Building by Landlord; New Construction.
Landlord hereby reserves the right and at all times shall have the right to repair, change, redecorate, alter, improve, modify, renovate, enclose or make additions to any part of the Property (including structural elements and load bearing elements
within the Premises), to enclose and/or change the arrangement and /or location of driveways or parking areas or landscaping or other Common Areas of the Property, and to construct new improvements on adjacent parcels of land, all without having
committed an actual or constructive eviction of Tenant or breach of the implied warranty of suitability and without an abatement of Rent (the “Reserved Rent”). When exercising the Reserved Right, Landlord will use reasonable efforts to
minimize interference with Tenant’s use and occupancy of the Premises. 
 7.3.3    Alterations, Additions,
Improvements and Installations by Tenant. Tenant shall not, without the prior written consent of Landlord, make any changes, modifications, alterations, additions or improvements (other than Tenant’s Improvements under the Work Letter) to,
nor install any equipment or machinery (other than office equipment and unattached personal property) on, the Premises (all such changes modifications, alterations, additions, improvements other than Tenant’s Improvements under the Work Letter
and installations approved by Landlord are herein collectively referred to as “Installations”) if any such Installations would (i) affect structural or load bearing portions of the Premises, (ii) result in a material increase of
electrical usage above the normal type and amount of electrical current to be provided by Landlord, (iii) result in an increase of Tenant’s usage of heating or air conditioning, (iv) impact mechanical, electrical or plumbing systems
in the Premises or the Building, (v) affect areas of the Premises which can be viewed from Common Areas, (vi) require greater or more difficult cleaning work (e.g., kitchens, reproduction rooms, and interior glass partitions) or
(vii) violate any provision in Article 5 or Exhibit B attached hereto. All installations shall be at Tenant’s sole cost and expense. Tenant’s trade fixtures, furniture, equipment and other personal property installed in the Premises,
including Tenant’s clean room, manufacturing equipment and related equipment (“Tenant’s Property”) shall at all times be and remain Tenant’s property and may be removed without Landlord’s consent. The Tenant shall be
responsible for repairing any damage caused by such removal. None of these items are construed to include any parts of the electrical, plumbing, mechanical or other building systems. Without in any way limiting Landlord’s consent rights,
Landlord’s consent shall be conditioned on (a) Landlord approving the contractor or person making such Installations and approving such contractor’s insurance coverage to be provided in connection with the work,
(b) Landlord’s supervision of the work, (c) Landlord’s approving final and complete plans and specifications for the work and (d) the appropriate governmental agency, if any, having final and complete plans and
specifications for such work. All work performed by Tenant or its contractor relating to the Installations shall conform to applicable governmental laws, rules and regulations, including, without limitation, the Disability Acts. Upon completion of
the Installations, Tenant shall deliver to Landlord “as built” plans. All Installations that constitute improvements constructed within the Premises shall be surrendered with the Premises at the expiration or earlier termination of this
Lease, unless Landlord requests that same be removed pursuant to Section 2.3 of this Lease. TENANT SHALL INDEMNIFY AND SAVE LANDLORD HARMLESS FROM ANY AND ALL COSTS, EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES AND COSTS), DEMANDS,
CLAIMS, CAUSES OF ACTION AND LIENS ARISING FROM OR IN CONNECTION WITH ANY INSTALLATIONS PERFORMED BY OR ON BEHALF OF TENANT. All Installations performed by or on behalf of Tenant shall be performed diligently and in a first-class workmanlike
manner, and in compliance with all applicable laws, ordinances, regulations and rules of any public authority having jurisdiction over the Building and/or Tenant’s and Landlord’s insurance carriers. Landlord will have the right, but not
the obligation, to inspect periodically the work on the Premises and may require changes in the method or quality of the work. 

7.3.4.     Approvals. Any approval by Landlord (or Landlord’s architect and/or engineers) of any of
Tenant’s contractors or Tenant’s drawings or plans or specifications which are prepared in connection with any construction of improvements (including without limitation, Tenant’s Improvements) in the Premises shall not in any way be
construed as or constitute a representation or warranty of Landlord as to the abilities of the contractor or the adequacy or sufficiency of such drawings, plans or specifications or the improvements to which they relate, for any use, purpose or
condition. 
 ARTICLE 8 

INSURANCE, FIRE AND CASUALTY 

  

			
	COMMERCIAL LEASE AGREEMENT	  	14

 SECTION 8.1 TOTAL OR PARTIAL DESTRUCTION OF THE BUILDING OR THE PREMISES. 

Tenant covenants and agrees to immediately give Landlord telephonic and written notice of any fire or other casualty affecting the Premises or Building. In the
event that the Building should be totally destroyed by fire or other casualty or in the event the Building (or any portion thereof) should be so damaged that rebuilding or repairs cannot be completed, in Landlord’s reasonable opinion, within
two hundred seventy (270) days of Landlord’s becoming aware of the applicable fire or casualty, either Landlord or Tenant may, at its option, terminate this Lease, by written notice to the other, with Tenant’s notice to be given
within ten (10) days after being advised by Landlord that the rebuilding or repairs cannot be completed within two hundred seventy (270) days of Landlord’s becoming aware of the applicable fire or casualty, or if the damage should be
more serious but neither Landlord nor Tenant elect to terminate this Lease pursuant to this Section, Landlord shall within sixty (60) days after the date of receipt of notice of such damage, commence to rebuild or repair the Building and the
Premises (including Tenant’s Improvements, but only to the extent of insurance proceeds actually received by Landlord for the repair of Tenant’s Improvements), and shall pursue with reasonable diligence the repair and restoration of the
Building and the Premises to substantially the same condition which existed immediately prior to the happening of the casualty, except that Landlord shall not be required to rebuild, repair or replace any part of the furniture, equipment, fixtures,
inventory, supplies or any other personalty or any other improvements (except Tenant’s Improvements, but only to the extent of insurance proceeds actually received by Landlord for the repair of Tenant’s Improvements which shall be first
utilized by Landlord before any proceeds of Landlord’s insurance) which may have been placed by Tenant or other tenants within the Building or at the Premises. Landlord shall allow Tenant a proportionate diminution of Base Rent and Additional
Rent as may be fair and reasonable under the circumstances during any period of reconstruction or repair of the Premises due to an occurrence contemplated in this Section 8.1; provided, that Base Rent and Additional Rent shall be abated only to
the extent Landlord is compensated for such Base Rent and Additional Rent by loss of rents insurance, if any. Notwithstanding Landlord’s restoration obligation, in the event any mortgage under a deed of trust, security agreement or mortgage on
the Building should require that the insurance proceeds be used to retire or reduce the mortgage debt or if the insurance company issuing Landlord’s fire and casualty insurance policy fails or refuses to pay Landlord the proceeds under such
policy, Landlord shall have no obligation to rebuild and this Lease shall terminate upon notice by Landlord to Tenant. Any insurance which may be carried by Landlord or Tenant against loss or damage to the Building or to the Premises shall be for
the sole benefit of the party carrying such insurance and under its sole control. Upon termination of the Lease pursuant to this Section, Base Rent and Additional Rent shall be abated from the date of the fire or casualty. Landlord and Tenant agree
that the foregoing provisions of this Section 8.1 are to govern their respective rights and obligations in the event of any damage or destruction and supersede and are in lieu of the provisions of any applicable law, statute, ordinance, rule,
regulation, order or ruling mow or hereafter in force which provide remedies for damage or destruction of leased premises (including, without limitation, the provisions of California Civil code Section 1932, Subsection 2, and Section 1933,
Subsection 4 and any successor statute or laws of a similar nature). 
 SECTION 8.2 TENANT’S INSURANCE 

8.2.1    Types of Coverage. Tenant covenants and agrees that from and after the date of delivery of the Premises
from Landlord to Tenant, Tenant will carry and maintain, at its sole cost and expense, the insurance set forth below: 

(a)    Liability Insurance. Commercial General Liability Insurance covering the Premises Tenant’s use thereof
against claims for personal or bodily injury or property damage occurring upon, in or about the Premises (including contractual indemnity and liability coverage), such insurance to insure both Tenant and, as additional named insureds, Landlord and
its subsidiaries, directors, agents and employees and the Property Manager, with limits of not less than $1,000,000 per occurrence and $2,000,000 in the aggregate, combined single limit, with respect to injury to any number of persons and all
property damage without a deductible. Tenant’s liability insurance policy shall include a Waiver of Subrogation Endorsement. If the Agreed Rentable Area of the Premises is more than 20,000 square feet, then, in addition to and not in lieu of
the above-stated coverage, Tenant shall carry umbrella or so-called excess coverage in the amount of not less than $1,000,000 over Tenant’s base coverage amount with no deductible. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	15

 This insurance coverage shall extend to any liability of Tenant arising out of the
indemnities provided for in this Lease. 
 (b)    Property Damage. Property insurance on an “special
form” coverage covering all fixtures, equipment and personalty located in the Premises, in an amount not less than one hundred percent (100%) of full replacement cost thereof, with a deductible not to exceed $5,000. Such policy will be written
in the name of Tenant, and Landlord shall be added as Loss Payee with respect to its interests in Tenant’s Improvements and Betterments. 

(c)    Workers Compensation Insurance. Worker’s compensation insurance including Employer’s Liability
Insurance with limits in amounts not less than $500,000 per individual, and $500,000 per policy-disease. Tenant’s worker’s compensation insurance policy shall include a Wavier of Subrogation Endorsement. Said policy shall insure against
and satisfy Tenant’s obligations and liabilities under the worker’s compensation laws of the state of California. 

(d)    Other. Such other insurance as Landlord may reasonable require from time to time. 

8.2.2    Other Requirements of Insurance. All such insurance will be issued and underwritten by companies with an
A.M. Best Rating of not less than A-VIII licensed to do business in California and will contain endorsements that (a) such insurance may not lapse with respect to Landlord or Property Manager or be
canceled or amended with respect to Landlord or Property Manager without the insurance company giving Landlord and Property Manager at least thirty (30) days prior written notice of such cancellation (except 10 days for nonpayment of premium),
(b) Tenant will be solely responsible for payment of premiums, (c) in the event of payment of any loss covered by such policy, Landlord or Landlord’s designees will be paid first by the insurance company for Landlord’s loss and
(d) Tenant’s insurance is primary in the event of overlapping coverage which may be carried by Landlord. 

8.2.3    Proof of Insurance. Tenant shall deliver to Landlord duplicate originals of certificates and endorsements
as applicable (policies at Landlord’s request) of insurance by this Section 8.2 prior to the Commencement Date and duly executed originals of binders of such insurance evidencing in-force coverage,
within ten (10) days prior to the commencement of construction of Tenant’s Improvements. Further, Tenant shall deliver to Landlord renewals thereof at least thirty (30) days prior to the expiration of the respective policy terms. 

SECTION 8.3 LANDLORD’S INSURANCE 

8.3.1    Types of Coverage. Landlord covenants and agrees that from the date of delivery of the Premises from Landlord to
Tenant, Landlord will carry and maintain the insurance set forth below: 
 (a)    Liability Insurance. Commercial
General Liability Insurance covering the Building and all Common Areas against claims for personal or bodily injury or property damage occurring upon, in or about the Building or Common Areas with limits of not less than $1,000,000 per occurrence
and $2,000,000 in the aggregate, combined single limit, with respect to injury to any number of persons and property damage. This insurance coverage shall extend to any liability of Landlord arising out of the indemnities provided for in this Lease.

 (b)    Property Insurance. Landlord shall at all times during the term hereof maintain in effect a policy or
policies covering the Building (excluding property required to be insured by Tenant) on an “all risk” basis in such amounts as Landlord may from time to time determine, providing protection against perils included within the standard form
of “all risk” insurance policy promulgated in California, and such other risks as Landlord may from time to time determine and with any such deductibles as Landlord may from time to time determine. 

8.3.2    Self-Insurance. Tenant shall have no rights in any policy or policies maintained by Landlord. 

SECTION 8.4. WAIVER OF SUBROGRATION 

  

			
	COMMERCIAL LEASE AGREEMENT	  	16

 NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS LEASE, LANDLORD AND TENANT EACH HEREBY WAIVE ANY RIGHTS
THEY MAY HAVE AGAINST THE OTHER (INCLUDING, BUT NOT LIMITED TO, A DIRECT ACTION FOR DAMAGES) ON ACCOUNT OF ANY LOSS OR DAMAGE OCCASIONED TO LANDLORD OR TENANT, AS THE CASE MAY BE (WHETHER OR NOT SUCH LOSS OR DAMAGE IS CAUSED BY THE FAULT, NEGLIGENCE
OR OTHER TORTIOUS CONDUCT, ACTS OR OMISSIONS OF LANDLORD OR INVITEES), to their respective property, the Premises, its contents or to any other portion of the Building or the Property arising from any risk covered by the current form of property
insurance and fire and extended coverage insurance promulgated by the applicable insurance board or commission in California and required to be carried by Tenant and Landlord, respectively under subsections 8.2.1 and 8.3.1 of this Lease. If a party
waiving rights under this Section is carrying an “all-risk” coverage insurance policy in the promulgated form used in California and an amendment to such promulgated form is passed, such amendment
shall be deemed not a part of such promulgated form until it applies to the policy being carried by the waiving party. The parties hereto each, on behalf of their respective officers, directors, employees, agents or invitees and all rights of their
respective insurance companies based upon an assignment from its insured. Each party to this Lease agrees immediately to give to each such insurance company written notification of the terms of the mutual waivers contained in this Section, and to
have said insurance coverage by reason of said waivers. The following waiver shall be effective whether or not the parties maintain the required insurance. 

SECTION 8.5 INDEMNITY 

8.5.1    Tenant’s Indemnity. TENANT COVENANTS AND AGREES TO INDEMNIFY AND HOLD LANDLORD, PROPERTY MANAGER
AND THEIR RESPECTIVE PARTNERS, TRUST MANAGERS, OFFICERS, DIRECTORS, EMPOYEES AND AGENTS HARMLESS FROM ALL CLAIMS, DEMANDS, ACTIONS, DAMAGES, LOSS, LIABILITIES, JUDGMENTS, COSTS AND EXPENSES, INCLUDING WITHOUT LIMITATION, ATTORNEYS’ FEES AND
COURT COSTS (EACH A “CLAIM” AND COLLECTIVELY THE “CLAIMS” ) WHICH (i) ARE SUFFERED BY, RECOVERED FROM OR ASSERTED AGAINST LANDLORD, (ii) ARE NOT PAID BY INSURANCE CARRIED BY TENANT OR
LANDLORD (WITHOUT IN ANY WAY AFFECTING THE REQUIREMENTS OF OR LANDLORD’S RIGHTS UNDER SECTION 8.2) AND (iii) ARISE FROM OR IN CONNECTION WITH (a) THE USE OR OCCUPANCY OF THE PREMISES AND/OR ANY ACCIDENT, INJURY OR DAMAGE
OCCURRING IN OR AT THE PREMISES CAUSED BY TENANT OR (b) ANY BREACH BY TENANT OF ANY REPRESENTATION OR COVENANT OF THIS LEASE; PROVIDED, HOWEVER, SUCH INDEMNIFICATION OF LANDLORD BY TENANT SHALL NOT INCLUDE ANY CLAIM WAIVED BY
LANDLORD UNDER SECTION 8.4 HEREOF, ANY CLAIM TO THE EXTENT CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF LANDLORD OR ANY CLAIM RELATING TO HAZARDOUS OR TOXIC MATERIALS EXCEPT TO THE EXTENT SUCH CLAIM ARISES OUT OF A BREACH BY TENANT OF ANY
OF THE PROVISIONS OF SUBSECTION 5.1.2. 
 8.5.2    Landlord’s Indemnity. LANDLORD WILL INDEMNIFY AND
HOLD TENANT AND ITS OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS HARMLESS FROM ALL CLAIMS, DEMANDS, ACTIONS, DAMAGES, LOSS, LIABILITIES, JUDGMENTS, COSTS AND EXPENSES INCLUDING WITHOUT LIMITATION, ATTORNEYS’ FEES AND COURT COSTS (EACH A
“CLAIM” AND COLOLECTIVELY THE “CLAIMS”) WHICH ARE SUFFERED BY, RECOVERED FROM OR ASSERTED AGAINST TENANT AND WHICH ARE NOT PAID BY PROCEEDS OF INSURANCE CARRIED BY LANDLORD OR TENANT AND WHICH ARISE FROM OR IN CONNECTION WITH
(a) THE USE OF THE COMMON AREAS AND/OR ANY ACCIDENT, INJURY OR DAMAGE OCCURRING IN OR ON THE COMMON AREAS OR (b) ANY BREACH BY LANDLORD OF ANY REPRESENTATION OR COVENANT IN THIS LEASE; PROVIDED, HOWEVER, SUCH
INDEMNIFICATION OF TENANT BY LANDLORD SHALL NOT INCLUDE ANY CLAIM WAIVED BY TENANT UNDER SECTION 8.4 HEREOF, ANY CLAIM TO THE EXTENT CAUSED BY THE NEGLIGENCE OR WILLFUL MISCONDUCT OF TENANT OR ANY CLAIM RELATING TO HAZARDOUS OR TOXIC MATERIALS
EXCEPT TO THE EXTENT SUCH CLAIM ARISES OUT OF A BREACH BY LANDLORD OF ANY OF THE PROVISIONS OF SUBSECTION 5.1.2 OR (c) RESULTING FROM TOXIC OR HAZARDOUS WASTE CONTAMINATION EXISTING PRIOR TO THE COMMENCEMENT DATE OR RESULTING FROM
THE DIRECT ACTIONS OF THE LANDLORD. 
 ARTICLE 9 

  

			
	COMMERCIAL LEASE AGREEMENT	  	17

 CONDEMNATION 

SECTION 9.1 CONDEMNATION OF THE PROPERTY. 
 If the
Property or any portion thereof that, in Landlord’s reasonable opinion, is necessary to the continued efficient and/or economically feasible use of the Property shall be taken or condemned in whole or in part for public purpose, or sold to a
condemning authority in lieu of taking, then the term of this Lease shall, at the option of Landlord upon written notice to Tenant, forthwith cease and terminate. 

SECTION 9.2 CONDEMNATION OF PREMISES. 
 In the event that
all or substantially all of the Premises are taken or condemned or sold in lieu thereof or Tenant will be unable to use a substantial portion of the Premises for a period exceeding two hundred seventy (270) consecutive days by reason of a
temporary taking, either Landlord or Tenant may terminate this Lease by delivering written notice thereof to the other within ten (10) business days after the taking, condemnation or sale in lieu thereof. 

SECTION 9.3 CONDEMNATION WITHOUT TERMINATION. 
 If upon a
taking or condemnation or sale in lieu of the taking of all or less than all of the Property which gives either Landlord or Tenant the right to terminate this Lease pursuant to Section 9.1 or 9.2 and neither Landlord nor Tenant elect to
exercise such termination right, then this Lease shall continue in full force and effect, provided that, if the taking, condemnation or sale includes any portion of the Premises or the Building, the Base Rent and Additional Rent shall be
redetermined on the basis of the remaining square feet of Agreed Rentable Area of the Premises or the Building. Landlord, at Landlord’s sole option and expense, shall restore and reconstruct the Building to substantially its former condition to
the extent that the same may be reasonable feasible, but such work shall not be required to exceed the scope of the work done by Landlord in originally constructing the Building, nor shall Landlord in any event be required to spend for such work in
an amount in excess of the amount received by Landlord as compensation or damages (in excess of the amounts retained by the mortgagee of the Property relating to the property taken) for the part of the Building or the Premises so taken. 

SECTION 9.4 CONDEMNATION PROCEEDS. 
 Landlord shall
receive the entire award (which shall include sales proceeds) payable as a result of a condemnation, taking or sale in lieu thereof. Tenant hereby expressly assigns to Landlord any and all right, title and interest of Tenant now or hereafter arising
in and to any such award. Tenant shall, however, have the right to recover from such authority through a separate award which does not reduce the Landlord’s award, any compensation as may be awarded to Tenant on account of moving and relocation
expenses and depreciation to and removal of Tenant’s physical property. Landlord and Tenant agree that the foregoing provisions of this Article 9 are to govern their respective rights and obligations in the event of any condemnation of the
Property or the Premises and supersede and are in lieu of the provisions of any applicable law, statute, ordinance, rule, regulation, order or ruling now or hereafter enforced which provide remedies for condemnation of leased premises (including,
without limitation, the provisions of California Code of Civil Procedure Sections 1265.110 through 1265.160 and any successor statutes or laws of a similar nature). 

ARTICLE 10 
 LIENS

 Tenant shall keep the Premises free from all liens arising out of any work performed, materials furnished or obligations by or for Tenant and
TENANT SHALL INDEMNIFY AND HOLD LANDLORD HARMLESS FROM ANY AND ALL CLAIMS, CAUSES OF ACTION, DAMAGES, EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES AND COSTS), ARISING FROM OR IN CONNECTION WITH ANY SUCH LIENS, in the event that Tenant
shall not, within ten (10) days following notification to Tenant of 

  

			
	COMMERCIAL LEASE AGREEMENT	  	18

 
the imposition of any such lien, cause the same to be released of record by payment or the posting of a bond in amount, form and substance acceptable to Landlord, Landlord shall have, in addition
to all other remedies provided herein and by law, the right but not the obligation, to cause the same to be released by such means as it shall deem proper, including payment of or defense against the claim giving rise to such lien. All amounts paid
or incurred by Landlord in connection therewith shall be paid by Tenant to Landlord on demand and shall bear interest from the date of demand until paid at the rate set forth in Section 16.9. Nothing in this Lease shall be deemed or construed
in any way as constituting the consent or request of Landlord, express or implied, by inference or otherwise, to any contractor, subcontractor, laborer or materialman for the performance of any labor or furnishing of any materials for any specific
improvement, alteration or repair of or to the Building or Premises or any part thereof, nor as giving Tenant any right, power or authority to contract for or permit the rendering of any services or the furnishing of any materials that would give
rise to the filing of any mechanic’s or other liens against the interest of Landlord in the Property or the Premises. 
 ARTICLE 11

 TAXES ON TENANT’S PROPERTY 

Tenant shall be liable for and shall pay, prior to their becoming delinquent, any and all taxes and assessments levied against, and any increases in Real
Estate Taxes as a result of, any personal property or trade or other fixtures placed by Tenant in or about the Premises and any improve-ments (excluding Tenant’s Improvements) constructed in the Premises by or on behalf of Tenant. In the event
Landlord, at its sole election, pays any such additional taxes or increases, Tenant will, within ten (10) days after demand, reimburse Landlord for the amount thereof. Such amounts shall bear interest from the date paid by Landlord until
reimbursed by Tenant at the rate set forth in Section 16.9. 
 ARTICLE 12 

SUBLETTING AND ASSIGNING 
 SECTION 12.1
SUBLEASE AND ASSIGNMENT. 
 Tenant shall not assign this Lease, or allow it to be assigned, in whole or in part, by operation of law or otherwise (it
being agreed that for purposes of this Lease, assignment shall include, without limitation, the transfer of a majority interest of stock, partnership or other forms of ownership interests of Tenant (a “Change of Control”) or mortgage or
pledge the same, or sublet the Premises or any part thereof or permit the Premises to be occupied by any firm, person, partnership or corporation or any combination thereof, other than Tenant without the prior written consent of Landlord which
consent shall not be unreasonably withheld. In no event shall any assignment or sublease ever release Tenant from any obligation or liability hereunder. No assignee or sublessee of the Premises or any portion thereof may assign or sublet the
Premises or any portion thereof. Consent by Landlord to one or more assignments or sublettings shall not operate as a waiver of Landlord’s rights as to any subsequent assignments and/or sublettings All reasonable legal fees and expenses
incurred by Landlord in connection with any assignment or sublease proposed by Tenant will be the responsibility of Tenant and will be paid by Tenant within twenty (20) days of receipt of an invoice from Landlord. In addition, Tenant will pay
to Landlord an administrative overhead fee of $500 plus reasonable attorneys cost not to exceed $1,500.00, in consideration for Landlord’s review of any requested assignment or sublease. Notwithstanding the foregoing, Tenant may, without
Landlord’s prior written consent and without constituting an assignment or sublease hereunder, (i) engage in a Change of Control or (ii) sublet the Premises or assign this Lease to (a) an entity controlling, controlled by or under
common control with Tenant, (b) an entity related to Tenant by merger, consolidation or reorganization, or (c) a purchaser of a substantial portion of Tenant’s assets; provided, however, that, as a result of any of the foregoing
transactions (including a Change of Control), the Tenant under this Lease (including any assignee resulting from any such transaction) must then have sufficient credit to perform all remaining obligations of Tenant under this Lease. 

SECTION 12.2 LANDLORD’S RIGHTS RELATING TO ASSIGNEE OR SUBTENANT. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	19

 If this Lease or any part hereof is assigned or the Premises or any part thereof are sublet, fifty percent
(50%) of any rent received by Tenant in excess of the rent payable hereunder shall be paid to Landlord, for Landlord’s sole benefit. Tenant hereby authorizes and directs any such assignee or sublessee to make such payments of rent directly to
Landlord upon receipt of notice from Landlord of Tenant’s default beyond applicable notice and cure periods, and Tenant agrees that any such payments made by an assignee or sublessee to Landlord shall, to the extent of the payments so made, be
a full and complete release and discharge of rent owed to Tenant by such assignee or sublessee. No direct collection by Landlord from any such assignee or sublessee shall be construed to constitute a novation or a release of Tenant or any guarantor
of Tenant from the further performance of its obligations hereunder. Receipt by Landlord of rent from any assignee, sublessee or occupant of the Premises or any part thereof shall not be deemed a waiver of the above covenant in this Lease against
assignment and subletting or a release of Tenant under this Lease. In the event that, following an assignment or subletting, this Lease or the rights and obligations of Tenant hereunder are terminated for any reason, including without limitation in
connection with default by or bankruptcy of Tenant (which, for the purposes of this Section 12.2, shall include all persons or entities claiming by or through Tenant), Landlord may, at its sole option, consider this Lease to be thereafter a
direct lease to the assignee or subtenant of Tenant upon the terms and conditions contained in this Lease. 
 ARTICLE 13 

SUBORDINATION AND 

TENANT’S ESTOPPEL CERTIFICATE 

SECTION 13.1 SALE OF PROPERTY. 
 In the event of a sale or
conveyance by Landlord of the Property, the same shall operate to release Landlord from any and all liability of this Lease arising after the date of such sale, provided that it a Security Deposit has been paid by Tenant, Landlord shall not be
released from liability with respect thereto unless Landlord transfers or credits the Security Deposit to the applicable purchaser. 
 SECTION 13.2
SUBORDINATION, ATTORNMENT AND NOTICE. 
 This Lease is subject and subordinate to any lease wherein Landlord is the tenant and to the liens of any and
all mortgages or deeds of trust, regardless of whether such lease, mortgages or deeds of trust now exist or may hereinafter be created with regard to all and any part of the Property, and to any and all advances to be made thereunder, and to the
interest thereon, and all modification, consolidations, renewals, replacements and extensions thereof. Tenant also agrees that any lessor, mortgage or trustee may elect (which election shall be revocable) to have this Lease superior to any lease or
lien of its mortgage or deed of trust, and in the event of such election and upon notification by such lessor, mortgagee or trustee to that effect, this Lease shall be deemed superior to the said lease, mortgage or deed of trust, whether this Lease
is dated prior to or subsequent to the date of said lease, mortgage or deed of trust. Tenant shall, in the event of the sale or assignment of Landlord’s interest in the Premises (except in a sale-leaseback financing transaction), or in the
event of a termination of any lease in a sale-leaseback transaction wherein Landlord is the lessee, attorn to and recognize such purchaser, assignee or mortgagee as Landlord under this Lease. Tenant shall, in the event of any proceedings brought for
the foreclosure of, or in the event of the exercise of power of sale under, any mortgage or deed of trust covering the Premises, attorn to and recognize purchaser at such sale, assignee, or mortgagee, as the case may be, as Landlord under this
Lease. Tenant shall not seek to enforce any remedy it may have for any default on the part of Landlord without giving written notice specifying the default in reasonable detail to any lessor, mortgagee or trustee whose address has been delivered to
Tenant, and affording such lessor, mortgagee or trustee a reasonable opportunity to perform and/or cure Landlord’s default. Tenant further agrees that any lessor, mortgagee, trustee or purchaser at foreclosure shall not be liable for any acts
of Landlord, shall not be liable for the Security Deposit if not actually received by any such party, be bound by any amendments of this Lease which it did not consent to in writing or be obligated to recognize Tenant’s payment of any Rent
which is paid to Landlord more than thirty (30) days in advance of its due date. The above subordination and attornment clauses shall be self-operative and no further instruments of subordination or attornment need be required by any mortgages,
trustee, lessor, purchaser or assignee. In confirmation thereof, Tenant agrees that, upon the request of Landlord, or any such lessor, 

  

			
	COMMERCIAL LEASE AGREEMENT	  	20

 
mortgagee, trustee, purchaser or assignee, Tenant shall execute and deliver whatever instruments may be required for such purposes and to carry out the intent of this Section 13.2. 

SECTION 13.3 TENANT’S ESTOPPEL CERTIFICATE. 
 Tenant
shall, within ten (10) days of the receipt of a request of Landlord or any mortgagee of Landlord, without additional consideration, deliver an estoppel certificate, consisting of reasonable statements required by Landlord, any mortgagee or
purchaser of any interest in the Property, which statements may include but shall not be limited to the following: the commencement date of this Lease; the amount of any security deposit; that this Lease is in full force and effect, with rental paid
through the current date specified by Tenant and that Tenant is not in default; that this Lease has not been modified or amended; that Landlord is not in default and has fully performed all of its obligations hereunder If Tenant is unable to make
any of the statements contained in the estoppel certificate because the same is untrue, Tenant shall with specificity state the reason why such statement is untrue. 

Tenant shall, if reasonably requested by Landlord or any such mortgagee, deliver to Landlord a fully executed instrument in form reasonable satisfactory to
Landlord evidencing the agreement of tenant to the mortgage or other hypothecation by Landlord of the interest of Landlord hereunder. 

ARTICLE 14 
 DEFAULT

 SECTION 14.1 DEFAULTS BY TENANT. 
 The occurrence
of any of the events described in subsections 14.1.1 through 14.1.6 shall constitute a default and breach of this Lease by Tenant. 
 14.1.1
    Failure to Pay Rent. The failure by Tenant to make any payment of Rent or any other payment required to be made by Tenant hereunder, as and when due, where such failure continues for a period of three (3) days
after written notice thereof from Landlord to Tenant; provided, however, that any such notice will be in lieu of, and not in addition to, any notice required under applicable law (including, without limitation, the provisions or California Code of
Civil Procedure Section 1161 regarding unlawful detainer actions or any successor statute or law of a similar nature). 
 14.1.2
    Failure to Perform. Except for failure covered by subsection 14.1.1, any failure by Tenant to observe and perform any provision of this Lease (including but not limited to the payments due for the Tenant share of
construction under the Work Letter-Exhibit D) to be observed or performed by Tenant where such failure continues for fifteen (15) (or such other shorter or longer period of time as may otherwise be specified in this Lease as to any particular
provision hereof) days after written notice to Tenant; provided that if such failure cannot be cured within said period, Tenant shall not be in default hereunder so long as Tenant commences curative action within such period, diligently and
continuously pursues the curative action, and fully and completely cures the failure within sixty (60) days after such written notice to Tenant. The provisions of any such notice will be in lieu of, and not in addition to, any notice required
under applicable aw (including without limitation, California Code of Civil Procedure Section 1161 regarding unlawful detainer actions and any successor statute or similar law). 

14.1.3    Bankruptcy, Insolvency, etc. Tenant or any Guarantor of Tenant’s obligations hereunder, cannot meet
its obligations as they become due; or is declared insolvent according to any law; or an assignment of Tenant’s or Guarantor’s property is made for the benefit of creditors; or a receiver or trustee is appointed for Tenant or Guarantor or
their respective properties; or the interest of Tenant or Guarantor under the Lease is levied on under execution or under other legal process; or any petition is filed by or against Tenant or Guarantor to declare Tenant or Guarantor bankrupt or to
delay, reduce or modify Tenant’s or Guarantor’s debts or obligations; or any petition is filed or other action taken to reorganize or modify Tenant’s or Guarantor’s capital structure if either Tenant or Guarantor be a corporation
or other entity (provided that no such levy, execution, legal process or petition filed against Tenant or Guarantor shall constitute a breach of this Lease if Tenant or Guarantor shall vigorously contest the same by appropriate proceedings and shall
remove or vacate the same within sixty (60) days from the date of its creation, service or filing). 

  

			
	COMMERCIAL LEASE AGREEMENT	  	21

 14.1.4    Abandonment; Vacation. The abandonment of the Premises
by Tenant, or the vacating of the Premises by Tenant without providing a sufficient level of repair, maintenance and security to the Premises, or, if Tenant shall fail to move into or take possession of the Premises within thirty (30) days
after the date on which Rent is to commence under the terms of this Lease. 
 14.1.5    Loss of Right to do
Business. If Tenant fails to maintain its right to do business or fails to pay any applicable annual franchise or other applicable taxes or assessments as and when the same become finally due and payable. 

14.1.6    Dissolution or Liquidation. Tenant dissolves or liquidates or otherwise fails to maintain its corporate
or partnership structure, as applicable. 
 SECTION 14.2 REMEDIES OF LANDLORD. 

Upon the occurrence of any default by Tenant specified in Section 14.1, Landlord, at its option, may in addition to all other rights and remedies provided
herein or at law or in equity, exercise one or more of the remedies set forth in subsections 14.2.1, 14.2.2 or 14.2.3. 

14.2.1    Termination of Lease. Upon the occurrence of a default hereunder, Landlord may terminate this Lease and
Tenant’s right of possession of the Premises (whereupon all obligations and liabilities of Landlord hereunder shall terminate) and, without further notice and without liability, repossess the Premises. Upon any such termination, Landlord shall
be entitled to recover: 
  

	 	(a)	 The worth at the time of award of any unpaid Rent which had been earned at the time of such termination; plus

  

	 	(b)	 The worth at the time of award of the amount by which the unpaid Rent which would have been earned after
termination until the time of award exceeds the amount of such Rent loss that Tenant proves could have been reasonably avoided; plus 

  

	 	(c)	 The worth at the time of award of the amount by which the unpaid Rent for the balance of the Term after the
time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; plus 

  

	 	(d)	 Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s
failure to perform its obligations under this Lease or which, in the ordinary course of things, results therefrom including, but not limited to: attorneys’ fees and costs; brokers’ commissions; the costs of refurbishment, alterations,
renovation and repair of the Premises, and removal (including the repair of any damage caused by such removal) and storage (or disposal) of Tenant’s personal property, equipment, fixtures, alterations and any other items which Tenant is
required under this Lease to remove but does not remove, as well as the unamortized value of any free rent, reduced rent, free parking, reduced rate parking and any tenant improvement allowance or other costs or economic concessions provided, paid,
granted or incurred by Landlord pursuant to this Lease. The unamortized value of such concessions shall be determined by taking the total value of such concessions and multiplying such value by a fraction, the numerator of which is the number of
months of the Lease Term not yet elapsed as of the date on which this Lease is terminated, and the denominator of which is the total number of months of the Lease Term. 

As used in Subsections 14.2.1(a) and (b) above, the “worth of the time of award” is computed by allowing interest at the rate
prescribed in Section 16.9 hereof. As used in Subsection 14.2.1(c) above, the “worth at the time of the award” is computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of
award plus one percent (1%). 
 14.2.2    Collect Rent as it Becomes Due. Landlord also has the remedy in
California Civil Code Section 1951.4, providing that Landlord may continue this Lease in effect after Tenant’s breach and abandonment and recover Rent as it becomes due, if Tenant has the right to sublet or assign, subject only to
reasonable limitations. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	22

 14.2.3    Cure of Default. Landlord may enter upon the Premises,
without having any liability therefor, and do whatever Tenant is obligated to do under the terms of this Lease and Tenant agrees to reimburse Landlord on demand for any expenses which Landlord may incur in effecting compliance with Tenant’s
obligations under this Lease and Tenant further agrees that Landlord shall not be liable for any damages resulting to Tenant from such action, WHETHER CAUSED BY THE NEGLIGENCE OF LANDLORD OR OTHERWISE. 

14.2.4    Continuing Obligations. No re-entering upon the Premises or any
part thereof pursuant to subsection 14.2.3 of this Section or otherwise shall relieve Tenant or any Guarantor of its liabilities and obligations hereunder, all of which shall survive such re-entering. In the
event of any such re-entering upon the Premises or any part thereof by reason of the occurrence of a default, Tenant will continue to pay to Landlord Rent required to be paid by Tenant. 

14.2.5    Waiver of Rights to Claim Forfeiture. Tenant hereby waives, so far as permitted by law, any right it may
have under California Code of Civil Procedure Section 1179 to apply to the Court to relieve Tenant from forfeiture of this Lease following a judgment for possession of the Premises. 

14.2.6.    Cumulative Remedies. No right or remedy herein conferred upon or reserved to Landlord is intended to be
exclusive of any other right or remedy, and each and every right and remedy shall be cumulative and in addition to any other right or remedy given hereunder or now or hereafter existing at law or in equity or by statute. In addition to the other
remedies provided in this Lease, Landlord shall be entitled, to the extent permitted by applicable law, to injunctive relief in case of the violation, or attempted or threatened violation, of any of the covenants, agreements, conditions or
provisions of this Lease, or to a decree compelling performance of any of the covenants, agreements, conditions or provisions of this Lease, or to any other remedy allowed to Landlord at law or in equity. 

SECTION 14.3 DEFAULTS BY LANDLORD. 
 Landlord shall be in
default under this Lease if Landlord fails to perform any of its obligations hereunder and said failure continues for a period of thirty (30) days after Tenant delivers written notice thereof to Landlord (to each of the addresses required by
this Section) and each mortgagee who has a lien against any portion of the Property and whose name and address has been given to Tenant, provided that if such failure cannot reasonably be cured within said thirty (30) day period, Landlord shall
not be in default hereunder if the curative action is commenced within said thirty (30) day period and is thereafter diligently pursued until cured. In no event shall (l) Tenant claim a constructive or actual eviction or that the Premises
have become unsuitable hereunder or (ii) a constructive or actual eviction or breach of the implied warranty of suitability be deemed to have occurred under this Lease, prior to the expiration of the notice and cure periods provided under this
Section 14.3. Any notice of a failure to perform by Landlord shall be sent to Landlord at the addresses and to the attention of the parties set forth in Item 14 of Article 1. Any notice of a failure to perform by Landlord not sent to Landlord
at all addresses and/or to the attention of all parties required under this Section and to each mortgagee who is entitled to notice and not sent in compliance with Article 15 shall be of no force or effect. 

SECTION 14.4 LANDLORD’S LIABILITY. 

14.4.1    Limitation of Recourse. Tenant is granted no contractual right of termination by this Lease, except to the
extent and only to the extent set forth in Sections 8.1 and 9.2, or in any Rider which may be attached hereto If Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of
Landlord in the Property as the same may then be encumbered and Landlord, its trust managers, partners, officers, employees and shareholders shall not be liable to Tenant for consequential or special damages by reason of a failure to perform (or a
default) by Landlord hereunder or otherwise. 
 14.4.2    Limitations on Landlord’s Liability. Unless
covered by Section 8.5.2, Landlord shall not be liable to Tenant for any claims, actions, demands, costs, expenses or damage or liability of any kind 

  

			
	COMMERCIAL LEASE AGREEMENT	  	23

 
arising from (i) the use, occupancy or enjoyment of the Premises by Tenant or any person therein or holding under Tenant or by or through the acts or omissions of any of their respective
employees, officers, agents, invitees, or contractors; (ii) fire, explosion, falling sheet rock, gas, electricity, water, rain, or snow, or dampness or leaks in any part of the Premises, (iii) the pipes, appliances or plumbing works or
from heating, ventilation or air conditioning equipment, the roof, street, or subsurface, or (iv) tenants or any person either in the Premises or elsewhere in the Building (other than Common Areas), or by occupants of Property adjacent to the
Building or Common Areas, or by the public or by the construction of any private, public, or quasi-public work. In no event shall Landlord be liable to Tenant for any loss of or damage to property of Tenant or others located in the Premises or the
Building by reason of theft or burglary. 
 ARTICLE 15 

NOTICES 
 Any notice required or permitted
in this Lease shall be given in writing, sent by (a) personal delivery, or (b) Federal Express of similar overnight carrier with proof of delivery, or (c) United States mail, postage prepaid, addressed as provided in Item 14 of
Article 1 and Subsection 14.3 hereof, or to such other address or to the attention of such other person as shall be designated from time to time in writing by the applicable party and sent in accordance herewith. Notice also may be given by telex or
fax, provided each transmission is confirmed (and such confirmation is supported by documented evidence) as received and further provided a telex or fax number, as the case may be, is set forth in Item 14 of Article 1. Any such notice or
communication shall be deemed to have been given either at the time of receipt of personal delivery or, in the case of overnight courier service or mail, as of the date of first attempted delivery at the address and in the manner provided herein, or
in the case of telegram or telex or fax, upon receipt. 
 ARTICLE 16 

MISCELLANEOUS PROVISIONS 
 SECTION 16.1
BUILDING NAME AND ADDRESS. 
 Tenant shall not, without the prior written consent of Landlord, use the name of the Building for any purpose other than as
the address of the business to be conducted by Tenant in the Premises, and in no event shall Tenant acquire any rights in or to such names. Landlord shall the right at any time to change the name, address, or designation by which the Building is
known. 
 SECTION 16.2 SIGNAGE. 
 Tenant shall not
without the prior written consent of Landlord erect, inscribe, paint, affix or display anything or place other insignia upon any part of the Property or any portion of the Premises. Without in any way limiting the foregoing, any signs erected by
Tenant shall conform to all laws, ordinances, statutes, rules, regulations or other governmental or quasi- governmental or restrictive covenant requirements and Standard Signage Criteria that Landlord has prescribed for the Property. Once approved
by Landlord and erected by Tenant, Tenant shall keep and maintain such signs in good repair and remove the same and restore the Premises (and/or Property) prior to the Expiration Date (as set forth in Item 5 of Article 1) to their original
condition. Tenant, at Tenant’s expense will have the right to install a sign at the entrance to the Premises that meets the requirements of the sign program. 

SECTION 16.3 NO WAIVER. 
 No waiver by Landlord or by
Tenant of any provisions of this Lease shall be deemed to be a waiver by either party of any other provision of this Lease. No waiver by Landlord or Tenant of any breach by the other shall be deemed a waiver of any subsequent breach by such party of
the same or any other provision. The failure of Landlord or Tenant to insist at any time upon the strict performance of any covenant or agreement or to exercise any option, right, power, or remedy contained in this Lease shall not be construed as a
waiver or a relinquishment thereof for the future. Landlord’s or Tenant’s consent to or approval of any act by the other party requiring the other party’s consent or approval shall not be 

  

			
	COMMERCIAL LEASE AGREEMENT	  	24

 deemed to render unnecessary the obtaining consent to or approval of any subsequent act of the other party.
No act or thing done by Landlord or Landlord’s agents during the term of this Lease shall be deemed an acceptance of a surrender of the Premises, unless done in writing signed by Landlord. The delivery of the keys or access cards to any
employee or agent of Landlord shall not operate as a termination of this Lease or a surrender of the Premises. The acceptance of any Rent by Landlord following a breach of this Lease by Tenant shall not constitute a waiver by Landlord such breach or
any other breach, other than the failure of Tenant to pay the particular Rent so accepted. No waiver by Landlord or Tenant of any provision of this Lease shall be deemed to have been made unless such waiver is expressly stated in writing signed by
the waiving party. No payment by Tenant or receipt by Landlord of a lesser amount than the monthly installment of Rent due under this Lease shall be deemed to be other than on account of the earliest Rent due hereunder, nor shall any endorsement or
statement on any check or any letter accompanying any check or payment as Rent be deemed an accord and satisfaction and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such Rent or
pursue any other remedy which may be available to Landlord. 
 SECTION 16.4 APPLICABLE LAW. 

This Lease shall be governed by and construed in accordance with the laws of the State of California. Any litigation between the parties hereto concerning this
Lease shall be initiated in the County of Orange, State of California. This Lease shall not be construed against either party more or less favorably by reason of authorship or origin of language. 

SECTION 16.5 SUCCESSORS AND ASSIGNS. 
 Subject to Article
12 hereof, all of the covenants, conditions and provisions of this Lease shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representative successors and assigns. 

SECTION 16.6 BROKERS. 
 Tenant warrants that it has had no
dealings with any real estate broker or agent in connection with the negotiation of this Lease, except only the broker named in Item 15 & 16 of Article 1 and that it knows of no other real estate brokers or agents who are or might be entitled to
a commission in connection with this Lease. TENANT AGREES TO INDEMNIFY AND HOLD HARMLESS LANDLORD FROM AND AGAINST ANY LIABILITY OR CLAIM, WHETHER MERITORIOUS OR NOT, ARISING IN RESPECT TO BROKERS AND/OR AGENTS NOT SO NAMED. Landlord has
agreed to pay the fees of the brokers (but only the brokers) names in Items 10 and 11 of Article 1 to the extent that Landlord has agreed to do so pursuant to a written agreement with such brokers. Landlord agrees to pay Lee and Associates a
commission equal to three percent (3%) of the total Lease consideration for years one through five (1-5) Broker Shall not be entitled to a commission for renewals, extensions, enlargements etc. 

SECTION 16.7 SEVERABILITY. 
 If any provision of this
Lease or the application thereof to any person or circumstances shall be invalid or unenforceable to any extent, the application of such provision to other persons or circumstances and the remainder of this Lease shall not be affected thereby and
shall be enforced to the greatest extent permitted by law. 
 SECTION 16.8 EXAMINATION OF LEASE. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	25

 Submission by Landlord of this instrument to Tenant for examination or signature does not constitute
a reservation of or option for lease. This Lease will be effective as a lease or otherwise only upon execution by and delivery to both Landlord and Tenant. 

SECTION 16.9 INTEREST ON TENANT’S OBLIGATIONS. 
 In
addition to the late charges specified in Section 3.4, any amount due from Tenant to Landlord which is not paid on or before the date due shall bear interest at the lower of (i) eighteen percent (18%) per annum or (ii) the highest rate from time to
time allowed by applicable law, from the date such payment is due until paid, but the payment of such interest shall not excuse or cure the default. 

SECTION 16.10 TIME. 
 Time is of the essence in this Lease
and in each and all of the provisions hereof. Whenever a period of days is specified in the Lease, such period shall refer to calendar days unless otherwise expressly stated in the Lease. 

SECTION 16.11 DEFINED TERMS AND MARGINAL HEADINGS. 
 The
words Landlord and Tenant as used herein shall include the plural as well as singular. If more than one person is named as Tenant, the obligations of such persons are joint and several. The headings and titles to the articles, sections and
subsections of this Lease are not a part of this Lease and shall have no effect upon the construction or interpretation of any part of this Lease. 

SECTION 16.12 AUTHORITY OF TENANT. 
 If Tenant executes
this Lease as a corporation or partnership, then Tenant represents and warrants that such entity is duly qualified and in good standing to do business in California and that the individuals executing this Lease on Tenant’s behalf are duly
authorized to execute and deliver this Lease on its behalf, and in the case of a corporation, in accordance with a duly adopted resolution of the board of directors of Tenant and in accordance with the by-laws of Tenant, and in the case of a
partnership, in accordance with the partnership agreement and the most current amendments thereto, if any, copies of which are to be delivered to Landlord on execution hereof, if requested by Landlord, and that this Lease is binding upon Tenant in
accordance with its terms. 
 SECTION 16.13 FORCE MAJURE. 

Whenever a period of time is hereby prescribed for action to be taken by Landlord or Tenant, the party taking the action shall not be liable or responsible
for, and there shall be excluded from the computation of any such period of time, any delays due to strikes, riots, acts of God, shortages of labor or materials, war, governmental laws, regulations or restrictions or any other causes of any kind
whatsoever which are beyond the reasonable control of such party; provided, however, in no event shall the foregoing apply to the financial obligations of either Landlord or Tenant to the other under this Lease, including Tenant’s obligation to
pay Base Monthly Rent, Additional Rent or any other amount payable to Landlord hereunder or delay the Commencement Date. 
 SECTION 16.14 RECORDING.

 This Lease shall not be recorded. However, Landlord shall have the right to record a short form or memorandum hereof, at Landlord’s expense, at
any time during the terms hereof, and, if required, Tenant agrees (without charge to Landlord) to join in the execution thereof. 
 SECTION 16.15

 NO REPRESENTATIONS. LANDLORD AND LANDLORD’S AGENTS HAVE MADE NO ORAL OR WRITTEN WARRANTIES, REPRESENTATIONS OR PROMISES (EXPRESS OR IMPLIED)
WITH 

  

			
	COMMERCIAL LEASE AGREEMENT	  	26

 
RESPECT TO THE PREMISES, THE BUILDING OR ANY OTHER PART OF THE PROPERTY (INCLUDING, WITHOUT LIMITATION, THE CONDITION, USE OR SUITABILITY OF THE PREMISES, THE BUILDING OR THE PROPERTY), EXCEPT AS
HEREIN EXPRESSLY SET FORTH AND NO RIGHTS, EASEMENTS OR LICENSES ARE ACQUIRED BY TENANT BY IMPLICATION OR OTHERWISE EXCEPT AS EXPRESSLY SET FORTH IN THE PROVISIONS OF THIS LEASE. 

SECTION 16.16 PARKING. 
 The parking areas and any parking
structures shall be designated for automobile parking on a nonexclusive basis for all Property tenants (including Tenant) and their respective employees, customers, invitees and visitors. Notwithstanding the foregoing, Tenant shall be granted
3:1,000 parking ratio (i.e. 65 parking spaces) free and in-common during normal business hours, Monday through Friday, national holidays excluded, for the term of the Lease. Parking and delivery areas for all
vehicles shall be in accordance with parking regulations established from time to time by Landlord with whom Tenant agrees to conform. Tenant shall only permit parking by its employees, customers and agents of appropriate vehicles in appropriate
designated parking areas. Landlord reserves the right at any time to grant similar non-exclusive use to other tenants, to promulgate reasonable rules and regulations regarding the use of such parking areas,
including reasonable restrictions on parking by tenants and employees, to reasonably designate specific spaces for the use of any tenant, to make changes in the parking layout from time to time, and to establish reasonable time limits on parking.
Overnight parking is prohibited and any vehicle violating this or any other vehicle regulation adopted by Landlord is subject to removal at the owner’s expense. 

SECTION 16.17 ATTORNEYS’ FEES. 
 In the
event of any legal action or proceeding brought by either party against the other arising out of this Lease, the prevailing party shall be entitled to recover reasonable attorneys’ fees and costs incurred in such action (including, without
limitation, all costs of appeal) and such amount shall be included in any judgment rendered in such proceeding. 
 SECTION 16.18 NO LIGHT, AIR OR
VIEW EASEMENT. 
 Any diminution or shutting off of light, air or view by any structure which may be erected on the Property or
lands adjacent to the Property shall in no way affect this Lease or impose any liability on Landlord (even if Landlord is the adjacent land owner). 

SECTION 16.19 SURVIVAL OF INDEMNITIES. 
 Each indemnity
agreement and hold harmless agreement contained herein shall survive the expiration or termination of the Lease. 
 SECTION 16.20 

WAVIER OF TRIAL BY JURY. Tenant and Landlord each: (1) AGREE NOT TO ELECT A TRIAL BY JURY WITH RESPECT TO ANY ISSUE ARISING OUT OF
THIS AGREEMENT OR THE RELATIONSHIP BETWEEN THE PARTIES AS TENANT AND LANDLORD THAT IS TRIABLE OF RIGHT BY A JURY; AND (2) WAIVE ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO SUCH ISSUE TO THE EXTENT THAT ANY SUCH RIGHT EXISTS NOW OR
IN THE FUTURE. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS SEPARATELY GIVEN BY EACH PARTY, KNOWINGLY AND VOLUNTARILY WITH THE BENEFIT OF COMPETENT LEGAL COUNSEL. 

SECTION 16.21 ENTIRE AGREEMENT. 
 This Lease contains all
of the agreements of the parties hereto with respect to any matter covered or mentioned in this Lease, and no prior agreement, understanding or representation pertaining to any such 

  

			
	COMMERCIAL LEASE AGREEMENT	  	27

 
matter shall be effective for any purpose. No provision of this Lease may be amended or added to except by an agreement in writing signed by the parties hereto or their respective successors in
interest. 
 SECTION 16.22 INTENTIONALLY DELETED. 

SECTION 16.23 LEASE CONTENTS. This Lease consists of sixteen Articles and Exhibits “A” through “H” and Rider 1. 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Lease as of the date specified in the introductory paragraph of this Lease. 

 

			
	LANDLORD
	
	ACCURIDE INTERNATIONAL, INC.
		
	By:	 	 /s/ Jeffrey A. Dunlap

	Name:	 	Jeffrey A. Dunlap
	Title:	 	CFO
	
	TENANT
	
	CALHOUN VISION, INC.
		
	By:	 	 /s/ Ron Kurtz

	Name:	 	Ron Kurtz
	Title:	 	COO

  

			
	COMMERCIAL LEASE AGREEMENT	  	28

 Exhibit A 

Columbia Corporate Center -Aliso Viejo 92656 
  

 

  

			
	COMMERCIAL LEASE AGREEMENT	  	29

 EXHIBIT B 

ACCEPTANCE OF PREMISES MEMORANDUM 
 This
Acceptance of Premises Memorandum is being executed pursuant to that certain Commercial Lease Agreement (the “Lease”), dated the 29lh day of October, 2015, between ACCURIDE
INTERNATIONAL, INC. (“Landlord”) and CALHOUN VISION, INC. (“Tenant”), pursuant to which Landlord leased to Tenant and Tenant leased from Landlord certain space in the building located at 100 COLUMBIA, SUITE 200, ALISO VIEJO, CA.
Landlord and Tenant hereby agree as follows: 
 1.    Landlord has fully completed the construction work required under the terms of the
Lease, except for the Punch List Items (as may be shown on the attached Punch List). 
 2.    The Premises are tenantable, Landlord has
no further obligation for construction (except with respect to Punch List Items), and both Tenant and Landlord acknowledge that the Building, the Premises and Tenant Improvements are satisfactory in all respects, except for the Punch List Items, and
are suitable for the Permitted Use. 
 3.    The Commencement Date of the Lease is the      day of
        , 2015. If the date set forth in Item 4 of Article 1 of the Lease is different than the date set forth in the preceding sentence, then Item 4 of Article 1 of the Lease is hereby amended to the
Commencement Date set forth in the preceding sentence. 
 4.    The Expiration Date of the Lease is the      day of
        , 2015. If the date set forth in Item 5 of Article 1 of the Lease is different than the date set forth in the preceding sentence, then Item 5 of Article 1 of the Lease is hereby amended to be the
Expiration Date set forth in the preceding sentence. 
 5.    Tenant represents to Landlord that Tenant has obtained a Certificate of
Occupancy covering the Premises, a copy of which is attached hereto as Exhibit B-1. Tenant shall determine whether or not a Certificate of Occupancy is required from the City of Aliso Viejo. All decisions and
any fines, legal disputes, issues or discussions with the City of Aliso Viejo are the responsibility of the Tenant and will be undertaken at their sole expense. 

6.    Tenant acknowledges that it has been given the opportunity to inspect the Premises and has conducted such inspections and
investigations of the Premises as it deems necessary and appropriate and accepts Premises in an “AS IS, WHERE IS” condition, that the building and improvements comprising the Premises are suitable for the purpose for which the Premises are
being leased hereby and that Landlord makes no warranty as to the habitability, fitness or suitability of the Premises for a particular purpose nor as to the absence of any toxic or otherwise hazardous substances. 

7.    All capitalized terms are not defined herein shall have the following meaning assigned to them in the Lease, 

The parties agree to and execute this Exhibit B this     day of         , 2015. 

 

									
	LANDLORD:	 		 	TENANT:
			
	Accuride International. Inc	 		 	Calhoun Vision, Inc.
					
	By:	 	
                     
                                        
	 		 	By:	 	
                     
                                        

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	

  

			
	COMMERCIAL LEASE AGREEMENT	  	30

 EXHIBIT C 

RULES AND REGULATIONS 
 Stated below are
the Rules and Regulations of the Building and leased Premises. The Rules and Regulations stated below are applicable unless otherwise addressed in your Lease. Landlord has the right to modify the Rules and Regulations from time to time. 

 

	1.	 No loud speakers, television, phonographs, radios or other devices shall be used in a manner so as to be heard
or seen outside the Premises without the consent of Landlord. 

  

	2.	 Tenant shall not use the Common Areas for business purposes. 

 

	3.	 Tenant shall not place displays or decorations in front of the Premises or any Common Areas.

  

	4.	 Tenant and Tenant’s employees and agents shall not distribute any handbills or other advertising material
to automobiles parked in the parking area or in any other Common Areas. 

  

	5.	 No entries or passageways shall be obstructed, nor shall any material of any nature be placed in these areas,
or such areas be used at any time except for access or egress by Tenant, Tenant’s agents, employees or invitees. 

  

	6.	 No portion of Tenant’s area or any other part of the Building shall be used or occupied as sleeping or
lodging quarters. 

  

	7.	 Landlord shall not be responsible for lost or stolen personal property from Tenant’s area or Common Areas
regardless of whether such loss occurs when the area is locked against entry or not. 

  

	8.	 No draperies, shutters, or other window coverings shall be installed on exterior walls or windows, or doors and
windows facing pubic corridors without Landlord’s written approval. 

  

	9.	 No signs, placards, pictures, names, or advertisements will be allowed in any form on the exterior of the
Building or windows inside or out, and no signs (except in uniform location and uniform styles fixed by Landlord) will be permitted in the public corridors or on corridor doors or entrances to Tenant’s space. 

 

	10.	 Tenant will refer all contractors, contractor’s representatives and installation technicians, rendering
any service on or to the Premises for Tenant, to Landlord for Landlord’s approval and supervision before performance of any contractual service. This provision shall apply to all work performed in the Building including installation of
telephones, telegraph equipment, electrical devices and attachments and installation of any nature affecting floors, walls, woodwork, trim, windows, ceilings, and any other physical portion of the Building. 

 

	11.	 Tenant shall not place, install or operate on the Premises or in any part of the Building, any engine, stove or
machinery, or conduct mechanical operations or cook thereon or therein, or place or use in or out of the Premises any explosives, gasoline, kerosene, oil, acids, caustics, or any inflammable, explosive or hazardous material without written consent
of Landlord. 

  

	12.	 The movement of furniture, equipment, merchandise or materials within, into or out of the Building shall be
restricted in time, method and routing of movement as determined by Landlord upon request from Tenant and Tenant shall assume all liability and risk in such movement. Safes and other heavy equipment shall be moved into the Premises only with
Landlord’s written consent and placed where directed by Landlord. Any damage done to the Building or Premises by taking 

  

			
	COMMERCIAL LEASE AGREEMENT	  	31

 RULES AND REGULATIONS 

CONTINUED 
 in or removing
any safe, or from overloading any floor in any way, shall be the responsibility and at the expense of Tenant. 
  

	13.	 Landlord shall provide all locks for doors in each Tenant’s premises, at the cost of such Tenant, and no
additional locks shall be placed on any door in the Building without the prior written consent of Landlord. A reasonable number of keys to the Premises will be furnished by Landlord and neither Tenant, nor its agents, nor employees, shall have any
duplicate keys made. Landlord may at all times keep a pass key to the Premises. All keys shall be returned to Landlord promptly upon termination of this Lease. 

 

	14.	 Tenant shall have the non-exclusive use in common with Landlord, other tenants, their guests and invitees, of
the uncovered automobile surface parking areas, subject to reasonable rules and regulations for the use as prescribed from time to time by Landlord. Landlord shall have the right to designate parking areas for the use of the Building’s Tenant
and their employees. 

  

	15.	 All alterations or miscellaneous job orders shall at all times be directed to the Property Manager so
processing of such work may be done in accordance with any covenants of the Lease Agreement applicable thereto. 

  

	16.	 Corridor doors, when not in use, shall be kept closed. 

 

	17.	 No birds, fowls, or animals shall be brought into or kept in or about the Building. 

 

	18.	 Tenant shall cooperate with Landlord’s employees in keeping its leased Premises neat and clean.

  

	19.	 The toilets and other water fixtures shall not be used for any purpose other than those for which they are
constructed, and any damage to them from misuse, or by the defacing or injury of any part of the Building shall be borne by the person who shall have caused it. No person shall waste water by interfering with the faucets or otherwise.

  

	20.	 Agents of the Landlord shall at all reasonable times be allowed admittance to said leased Premises.

  

	21.	 No smoking shall be allowed in any area of the Building including common areas, restrooms, and Tenant premises.

  

	22.	 Landlord may amend or add new rules and regulations from time to time. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	32

 EXHIBIT D 

WORK LETTER 

(Landlord’s Buildout to Tenant Specifications) 

100 Columbia, Suite 200, Aliso Viejo, CA 
  

	1.	 TENANT IMPROVEMENTS 

The tenant improvement work (“Tenant Improvements”) shall consist of the work required to complete certain improvements to the
Premises pursuant to Article 1, Section 14 and this Exhibit D of the Lease based on a working floor drawing attached as Exhibit E (“Approved Drawings”). Landlord shall contract with an architect and a general contractor, which general
contractor shall be chosen as the result of a competitive two bid process described below to construct the Tenant Improvements. The Tenant Improvements work shall be undertaken and prosecuted in accordance with the following requirements: 

 

	 	A.	 It is understood that except as provided below, the Tenant Improvements shall only include actual improvements
to the Premises approved by Landlord as provided in Article 1, Section 14 and Exhibit E, and shall exclude (but not by way of limitation) Tenant’s furniture, trade fixtures, partitions, equipment and signage improvements, if any. Further,
the Tenant Improvements shall incorporate Landlord’s building standard materials and specifications (“Standards”). No deviations from the Standards may be requested by Tenant with respect to doors and frames, finish hardware, entry
graphics, the ceiling system, light fixtures and switches, mechanical systems, life and safety systems, and/or window coverings. All other non-standard items
(“Non-Standard Improvements”) shall be subject to the prior approval of Landlord, which may be withheld in Landlord’s reasonable discretion. Landlord shall in no event be required to approve any
Non-Standard Improvement if Landlord determines that such improvements (i) is of a lesser quality than the corresponding Standard, (ii) fails to conform to applicable governmental requirements,
(iii) requires building services beyond the level Landlord has agreed to provide Tenant under this Lease, or (iv) would have an adverse aesthetic impact from the exterior of the Premises. The Tenant will be responsible for the technical
design and the ultimate acceptability of any clean room and related equipment. 

  

	 	B.	 Landlord shall use a licensed general contractor (selected by competitive bidding by at least two licensed
general contractors) and that contractor’s selected subcontractors to construct the Premises. Landlord shall enter into a “lump sum” construction contract (the “TI Contract”) with the TI Contractor for construction of the
Tenant Improvements. Landlord shall cause the Tenant Improvements to be constructed in a good and workmanlike manner in accordance with Exhibit E. 

  

	 	C.	 The TI Contractor and each of its subcontractors shall comply with Landlord’s requirements as generally
imposed on third party contractors, including without limitation all insurance coverage requirements and the obligation to furnish appropriate certificates of insurance to Landlord, prior to commencement of construction or the Tenant Improvements
work. 

 A construction schedule shall be provided to Landlord and Tenant prior to commencement of the construction of the
Tenant Improvements work, and weekly updates shall be supplied during the progress of the work. 
  

	 	D.	 The Tenant Improvements work shall be prosecuted at all times in accordance with all state, federal and local
laws, regulations and ordinance, including without limitation all OSHA and other safety laws, the Americans with Disabilities Act (“ADA”) and all applicable governmental permit and code requirements. 

 

	 	E.	 Tenant hereby designates Eric D’ippolilo, Telephone No [***]. as its representative, agent
and attorney-in-fact for the purpose of receiving notices, 

  

			
	COMMERCIAL LEASE AGREEMENT	  	33

 approving submittals and issuing requests for Changes and Landlord shall be entitled to rely
upon authorizations and directives of such persons as if given directly by Tenant. Tenant may amend the designation of its construction representative(s) at any time upon delivery of written notice to Landlord. 

 

	II.	 COST OF THE TENANT IMPROVEMENTS WORK 

 

					
	J. S. Shafer & Associates, Inc.	  		  	
			
	General Contractor	  	Construction & Project Management	  	Owner Representation

 Summary of Estimated Costs 

Accuride International and Calhoun Vision 

100 Columbia, Suite 200 
 Aliso
Viejo, CA 
 All pricing is based upon the floor plans A-2 and
A-3 of DRA Architects dated 10-09-2015. 

The spaces listed below are to be constructed by American Cleanroom Systems 

Rooms 117 and 118 
 Full clean
room construcion to ISO-07 and ISO-08 
 Room 115 

Constructed as envelope for future completion as clean room. 

Comfort cooling only is included. 

Ceiling heights are at 10-feet. 

The spaces listed below are to be standard construction metal frame & drywall with standard
t-bar ceilings 
 Rooms 109, 116, 119, 120, 123,124, 125 and 126 

Ceiling heights are at 10 feet. 

The cost estimates below include allowances for plan check and building permit fees. 

 

											
	 Date
	  	S&A
Job No.	  	 Description
	  	Cost
Estimate	 
	 10/19/15
	  	2337	  	 1st Floor Improvements-Calhoun
	  	$	955,050.49	 
	 10/19/15
	  	2338	  	 2nd Floor Improvements-Calhoun
	  	 	178,451.55	 
	 10/19/15
	  	2339	  	 Rest Room Improvements-1st & 2nd
Floors-Accuride
	  	 	171,381.46	 
		  		  		  	  
	  
	 
		  		  	 Total
	  	$	1,304,883.50	 

 P.O. Box 729         Claremont CA 9171-0729
        909 256 3398         Fax 909-256-4729
        License No 699041 

  

			
	COMMERCIAL LEASE AGREEMENT	  	34

  

			
	

	  	 PROPOSAL / AGREEMENT

Estimate No. 231

  

							
	 Client Company Name and Contact
	  	Project	  	
		
	 Accuride International. Inc.

Jeff Dunlap
	  	 100 Columbia
 Suite
120

	 12311 Shoemaker Avenue
	  	Aliso Viejo. California 92656
	 Santa Fe Springs. CA 90670
	  	US	  	
				
	 Telephone
	 	562-903-0407	  	Date	  	10/6/2015
	 Email
	 		  	Job No.	  	15051-010

  

							
	SCOPE OF SERVICES	  

	SCOPE	  	Architectural Design. Construction Documents. Government City Processing and Construction Administration for 18,000 s.f. of Office, R&D and Warehouse Tenant improvements	  			
			
	 DESIGN
 * Meetings

* Space Planning
	  	 DESIGN SERVICES
 4 - Design Meetings with
Client
 Complete New Space Plan for the First Floor and Partial Space Plan for the second Floor
	  	 
 
	1,320.00
 1,980.00
	 
  

			
		  	DESIGN SERVICES SUBTOTAL	  	 	3,300.00	 
			
	CDS	  	CONSTRUCTION DOCUMENT SERVICES	  	 	990.00	 
	*Meetings	  	2 - Corrdination Meetings	  	 	9,900.00	 
	*Interior Documents	  	Architectural Construction Documents	  			
			
		  	CONSTRUCTION DOCUMENT SERVICES SUBTOTAL	  	 	10,890.00	 
			
	GOVT. PERMIT PROC.	  	GOVERNMENT PERMIT PROCESSING - INCLUDED	  	 	1,000.00	 
			
		  	CDS GOVT PERMIT PROCESSING SERVICES SUBTOTAL	  	 	1,000.00	 
			
	CONSTRUCTION ADMIN.	  	 CONSTRUCTION ADMINISTRATION - Billed Hourly
  

CONST. ADMIN. SERVICES SUBTOTAL
	  	  
	 0.00
	  

 

			
	Client and Architect agree that the Terms and conditions attached as Exhibit “A”, are hereby incorporated by reference and shall be part of this proposal	 	Total Fee
		 	  

									
	  
	 		 	  

	 Carrie M. Hoshino, AIA

President
	 	Date	 	        	 	APPROVED & ACCEPTED	 	Date
	CA License No.: C 21177	 		 		 	  

	 DRA ARCHITECTS
 A California
Corporation
	 		 		 	PRINT NAME	 	

 Page 1 

  

			
	COMMERCIAL LEASE AGREEMENT	  	35

	 	A.	 Set forth above is the current estimate for the cost of the Tenant Improvements as of the date of the Lease.
The costs have been estimated based on a mutually agreed floor plan dated 10/9/2015 and included herein in Exhibit E. Landlord shall cause to be prepared, as quickly as reasonably possible, final plans, specifications and working drawings of the
Tenant Improvements (“Construction Plans”), as well as an estimate of the total cost for the Tenant Improvements (“Cost Estimate”), all of which conform to or represent logical evolutions of or developments from the mutually
agreed floor plan dated 10/9/2015 and included herein in Exhibit E. Landlord shall deliver such Construction Plans and Cost Estimate to Tenant for its approval, which approval shall not be unreasonably withheld or delayed. After the Construction
Plans and Cost Estimate have been approved by Landlord and Tenant as provided above, neither party shall have the right to require extra work or change orders with respect to the construction of the Tenant Improvements without the prior written
consent of the other, which consent shall not be unreasonably withheld or delayed, and the mutual execution and delivery of a written Change Order (defined below). The Construction Plans and Cost Estimate finally approved by the parties shall be
referred to herein as the “Final Plans” and the “Final Estimate”. 

  

	 	B.	 The Tenant Improvements shall include the above-referenced work. Landlord shall provide a $500,000 Tenant
Improvement Allowance (“TIA”) to complete the Tenant Improvements. All costs relating to the Tenant Improvements in excess of the Allowance (collectively, “Over-Allowance Amounts”), shall be the sole responsibility of
Tenant and paid by Tenant as set forth below. In no event shall Landlord be obligated to make disbursements pursuant to this Agreement in the event that Tenant fails to pay any portion of any Over-Allowance Amount when due, nor shall Landlord be
obligated to pay a total amount for the Tenant Improvements which exceeds the Allowance, it being understood that Tenant shall be solely responsible for any costs relating to ‘the Tenant Improvements in excess of the Allowance, If an
Over-Allowance Amount exists after determination of the Final Estimate, then Tenant shall pay the Over-Allowance Amount in three equal installments (the “Over-Allowance Payments”), as follows:
one-third (1/3) within ten (10) business days following the determination of the Over-Allowance Amount, one third (1/3) within ten (10) business days after Tenant’s receipt from the Architect of
confirmation that construction of the Tenant Improvements are fifty-percent (50%) complete (as determined by the Architect), and one third (1/3) within ten (10) business days after Tenant’s receipt from the Architect of confirmation that
construction of the Tenant Improvements are Substantially Complete; provided, however that ten percent (10%) of each of the Over-Allowance Payments shall be withheld by Tenant as a retention amount. The final 10% retention amount shall be paid when
all punch-list items have been completed and Landlord has obtained (and delivered copies thereof to Tenant) lien releases from all contractors, subcontractors and material suppliers providing services or materials in connection with the Tenant
Improvements. Such payments by Tenant of the Over-Allowance Payments shall be a condition to Landlord’s obligation to pay any amounts from the Allowance. Tenant shall pay the Over-Allowance Payments to Landlord (or at the direction and sole
election of Landlord, directly to the General Contractor) at the times described above. Any failure by Tenant to deliver any such Over-Allowance Payment within the specified time periods shall constitute a Tenant Delay, in the event that after the
Final Estimate has been determined, the costs relating to the design and construction of the Tenant Improvements shall change pursuant to an approved written Change Order, any additional costs specified in such Change Order necessary for such design
and construction in excess of the previously determined Final Estimate shall be added to the Over-Allowance Amount and the Final Estimate, and the applicable Over-Allowance Payments and the retention payment shall be recalculated in accordance with
the terms of this Section II.B. Notwithstanding the foregoing, the payment of the Over-Allowance Payments by Tenant pursuant to this Section II.B shall not relieve Tenant from its obligation to pay any and all costs relating to the Tenant
Improvements in excess of the Allowance, and, if after paying the 

  

			
	COMMERCIAL LEASE AGREEMENT	  	36

 Over-Allowance Payments, there shall remain any unpaid balance of costs in excess of the
Allowance, Tenant shall pay such unpaid balance of excess costs to Landlord within ten (10) business days after receipt of invoice from Landlord. 

Notwithstanding the foregoing or anything to the contrary in the Lease, Tenant shall have no responsibility to pay or reimburse Landlord for
(and Landlord may not use the TIA to fund) any of the following costs: (i) costs for improvements which are not shown on or described in the Final Plans unless otherwise approved by Tenant; (ii) costs incurred due to the presence of
hazardous materials in the Premises or the surrounding area; and (iii) construction costs in excess of the Final Estimate, except for increases set forth in approved Change Orders. 

 

	 	C.	 Change Orders. Tenant may request any change, addition or alteration to the Final Plans (a “Change
Order”) by delivering to Landlord a written request therefor. Following receipt of such request, Landlord shall cause to be prepared a written description of modifications or revisions required in order to approve the Change Order, and an
itemized non-binding estimate of the cost of implementing the Change Order. Within ten (10) days after receipt of such description and estimate, Tenant shall deliver to Landlord a written notice either
granting or withholding authorization to proceed with the performance of the work shown on the requested Change Order. If no such authorization is received by Landlord within this ten (10) day period, Tenant shall be deemed to have withheld
authorization to proceed with the performance of the work shown on the Change Order. If the cost of the work set forth in the Change Order results in an increase in the cost of the Tenant Improvements over and above the TIA (or such additional
amounts then paid to Landlord) upon and a condition precedent to the effectiveness of Landlord’s written approval of the Change Order, Tenant shall pay that difference to Landlord. Upon receipt of a Change Order request, Landlord shall be
entitled to stop the Tenant Improvement construction if, in Landlord’s reasonable judgment, it is necessary to halt construction to accommodate the Change Order request. 

 

	 	D.	 Tenant Delays. For purposes of this Agreement, “Tenant Delays” shall mean any delay in
substantial completion of the Tenant Improvements resulting from any or all of the following: 

(1)    Tenant’s failure to timely perform any of its obligations pursuant to this Agreement, including any failure to
complete on or before the due date therefor any action item which is Tenant’s responsibility pursuant to any schedule delivered by Landlord to Tenant pursuant to this Agreement; 

(2)    Tenant’s changes to the Final Plans, including any requested Change Orders and any Tenant request for
materials, finishes or installations not included in the Final Plans; 
 (3)    any delay of Tenant in making payment to
Landlord for Tenant’s share of costs relating to the Tenant Improvements, including any Over-Allowance Payments; or 

(4)    any other act or failure to act by Tenant, Tenant’s employees, agents, architects, independent contractors,
consultants and/or any other person performing or required to perform services on behalf of Tenant that persists after reasonable notice (which may be oral or by email) from Landlord of such delay. 

If Substantial Completion of the Tenant Improvements is delayed as a result of any Tenant Delays, at Landlord’s election, the Commencement
Date shall be accelerated to the date that the Tenant Improvements would have been substantially completed but for such Tenant Delays. 
  

	III.	 DISPUTE RESOLUTION 

 

	 	A.	 All claims of disputes between Landlord and Tenant arising out of, or in relation to, this Work Letter shall be
decided by the JAMS/ENDISPUTE (“JAMS”), or its successor, with such 

  

			
	COMMERCIAL LEASE AGREEMENT	  	37

	 	
arbitration to be held in Orange County, California, unless the parties mutually agree otherwise. Within ten (10) business days following submission to JAMS, JAMS shall designate three
arbitrators and each party may, within five (5) business days thereafter, veto one of the three persons so designated. If two different designated arbitrators have been vetoed, the third arbitrator shall hear and decide the matter. If less than
two (2) arbitrators are timely vetoed, JAMS shall select a single arbitrator from the non-vetoed arbitrators originally designated by JAMS, who shall hear and decide the matter. Any arbitration pursuant
to this section shall be decided within thirty (30) days of submission to JAMS. The decision of the arbitrator shall be final and binding on the parties. All costs associated with the arbitration shall be awarded to the prevailing party as
determined by the arbitrator. 

  

	 	B.	 Notice of the demand for arbitration by either party to the Work Letter shall be filed in writing with the
other party to the Work Letter and with                      and shall be made within a reasonable time after the dispute has arisen. The award
rendered by the arbitrator shall be final, and judgment may be entered upon it in accordance with applicable law in any court having jurisdiction thereof. Except by written consent of the person or entity sought to be joined, no arbitration arising
out of or relating to this Work Letter shall include, by consolidation, joinder or in any other manner, any person or entity not a party to the Work Letter unless (1) such person or entity is substantially involved in a common question of fact
of law, (2) the presence of such person or entity is required if complete relief is to be accorded in the arbitration, or (3) the interest or responsibility of such person or entity in the matter is not insubstantial.

  

	 	C.	 The agreement herein among the parties to arbitrate shall be specifically enforceable under prevailing law. The
agreement to arbitrate hereunder shall apply only to disputes arising out of, or relating to, this Work Letter, and shall not apply to other matters of dispute under the Lease except as my be expressly provided in the Lease. 

 

					
	LANDLORD’S REPRESENATIVE	 		 	TENANT’S REPRESENTATIVE:
			
	Name:	 		 	Name:
	Address:	 		 	Address:
			
	Phone:	 		 	Phone:

  

	IV	 PROVISIONS REGARDING CLEAN ROOM WORK 

 

	 	A.	 Notwithstanding anything to the contrary in the Lease or this Work Letter, the following provisions shall apply
to that portion of the Tenant Improvements relating to the three (3) clean rooms spaces (the “Clean Room Work”) that is being performed by American Cleanroom Systems (“ACS”): 

 

	 	(1)	 Although the scope of the Tenant Improvements includes the Clean Room Work, and, ACS will be under contract to
either Landlord or Landlord’s general contractor to perform the Clean Room Work, ACS and Tenant shall have sole responsibility for the design, function criteria and suitability of the Clean Room Work and neither Landlord nor Landlord’s
architect nor general contractor shall have any responsibility or liability for the design, function criteria and suitability of the Clean Room Work. All design, function criteria and suitability of the Clean Room Work shall be determined and agreed
to solely by Tenant and ACS. 

  

	 	(2)	 ACS will prepare complete shop drawings of all aspects of the Clean Room Work and Tenant will review and
approve all technical and suitability/compliance aspects of the shop drawings. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	38

	 	(3)	 Landlord’s general contractor will review and acknowledge the dimensions of the perimeters of the ACS
Clean Room Work designs for their fit within the Premises and for points of connection of utilities serving the clean room spaces. Landlord will review the ACS shop drawings relative only to the clean rooms becoming an acceptable component of the
Building, subject to all other terms of the Lease. 

  

	 	(4)	 ACS will process their shop drawings through the plan check and permit issuance processes with any authority
having jurisdiction and will perform the Clean Room Work. At completion of the Clean Room Work, ACS will test the Clean Room Work to confirm its compliance with design criteria. Upon achieving satisfactory test results, ACS will certify that the
Clean Room Work is in compliance with the respective criteria (i.e. ISO-07 and ISO-08). 

 

	 	(5)	 Landlord shall provide, and cause its general contractor to provide, ACS and its subcontractors with access to
the Premises as soon as feasible (including during the construction of the Tenant Improvements) for purposes of constructing the Clean Room Work. Landlord, its general contractor, Tenant and ACS shall mutually cooperate so as to complete the Tenant
Improvements and Clean Room Work as quickly and efficiently as possible. 

 IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Agreement simultaneously with the execution and delivery of the Lease. 
  

									
	LANDLORD:	  		  	TENANT:
			
	ACCURIDE INTERNATIONAL, INC.	  		  	CALHOUN VISION, INC.
					
	By:	 	 /s/ Jeffrey A. Dunlap
	  		  	By:	 	 /s/ Ron Kurtz

	Name:	 	Jeffrey A. Dunlap	  		  	Name:	 	Ron Kurtz
	Title:	 	CFO	  		  	Title:	 	COO

  

			
	COMMERCIAL LEASE AGREEMENT	  	39

 EXHIBIT E 
  

 

  

			
	COMMERCIAL LEASE AGREEMENT	  	40

 EXHIBIT E (Continued) 

 

 

 

  

			
	COMMERCIAL LEASE AGREEMENT	  	41

 EXHIBIT “F” 

FORM OF LETTER OF CREDIT 
  

			
	BANK OF AMERICA - CONFIDENTIAL	  	PAGE: 1

 DATE: [***] 
 IRREVOCABLE
STANDBY LETTER OF CREDIT NUMBER: [***] 
  

			
		  	    ISSUING BANK
 BANK OF AMERICA,
N.A.
 ONE FLEET WAY
 PA6-580-02-30
 SCRANTON, PA 18507-1999

		
	    BENEFICIARY
 ACCURIDE
INTERNATIONAL INC.
 12311 SHOEMAKER AVE.
 SANTA FE SPRINGS, CA
90670
	  	    APPLICANT
 CALHOUN VISION,
INC.
 100 COLUMBIA, SUITE 200
 ALISO VIEJO, CA
92656

    AMOUNT 
 NOT
EXCEEDING USD 500,000.00 
 NOT EXCEEDING FIVE HUNDRED THOUSAND AND 00/100’S US DOLLARS 

   EXPIRATION 
 JANUARY 31, 2017 AT OUR
COUNTERS 
 AT THE REQUEST OF CALHOUN VISION, INC., (“ACCOUNT PARTY”), WE HEREBY ESTABLISH AND ISSUE IN FAVOR OF ACCURIDE INTERNATIONAL INC.,
(“BENEFICIARY”) OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. [***] FOR UP TO AN AGGREGATE AMOUNT OF $500,000.00. 
 WE ARE ADVISED FOR
INFORMATIONAL PURPOSES ONLY THAT THIS IRREVOCABLE STANDBY LETTER OF CREDIT (THE “ISLC”) IS ISSUED WITH RESPECT TO THAT CERTAIN COMMERCIAL LEASE AGREEMENT DATED OCTOBER 29 2015 BETWEEN BENEFICIARY AS LESSOR AND ACCOUNT PARTY AS LESSEE (THE
“LEASE”) WHEREIN BENEFICIARY LEASES TO ACCOUNT PARTY THE PREMISES COMMONLY KNOWN AS SUITE 200, 100 COLUMBIA, ALISO VIEJO, CA 92656 (THE “PREMISES” FOR BOTH THE LEASE AND THIS ISLC). OUR OBLIGATIONS UNDER THIS ISLC ARE SOLELY AS
SET FORTH HERE IN AND ARE COMPLETELY INDEPENDENT OF THE OBLIGATIONS OF ACCOUNT PARTY UNDER THE LEASE. WE DO NOT UNDERTAKE ANY OBLIGATION UNDER THE LEASE, NOR DO WE UNDERTAKE ANY RESPONSIBILITY TO ASCERTAIN ANY FACTS, OR TO TAKE ANY OTHER ACTION WITH
RESPECT TO THIS LEASE. THE REFERENCES TO THE LEASE IN THIS ISLC ARE SOLELY TO DESCRIBE THE REQUIRED CONTENTS OF THE SIGHT DRAFT AND OF THE BENEFICIARY’S “CERTIFICATE”. (AS DEFINED BELOW). 

FUNDS UNDER THIS ISLC ARE AVAILABLE TO THE BENEFICIARY AGAINST PRESENTATION OF THE FOLLOWING DOCUMENTS AT OUR OFFICE LOCATED AT ONE FLEET WAY. SCRANTON PA
18507 PRIOR TO THE CLOSE OF BUSINESS AT SAID OFFICE ON THE EXPIRATION DATE SET FORTH BELOW. 
 1. THE ORIGINAL OF THIS ISLC AND ANY SUBSEQUENT AMENDMENTS:
AND 
 DRAFT 

  

			
	COMMERCIAL LEASE AGREEMENT	  	42

			
	BANK OF AMERICA - CONFIDENTIAL	  	PAGE: 2

 THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER: [***] 

2. A SIGHT DRAFT(S) IN AN AMOUNT NOT EXCEEDING THE AMOUNT OF THIS ISLC, IN THE FORM OF EXHIBIT A ATTACHED; AND 

3. A CERTIFICATE ON BENEFICIARY’S LETTERHEAD (THE “CERTIFICATE”) EXECUTED BY AN AUTHORIZED SIGNATORY OF THE BENEFICIARY STATING THAT THE
ACCOUNT PARTY IS IN DEFAULT UNDER ARTICLE 14 OF THE LEASE, AND AS A RESULT OF SUCH DEFAULT THE AMOUNT OF THE DRAFT PRESENTED CONCURRENTLY WITH THE CERTIFICATE IS DUE, OWING AND UNPAID FROM ACCOUNT PARTY TO BENEFICIARY. 

PARTIAL DRAWINGS ARE PERMITTED. 
 THIS LETTER OF CREDIT IS
TRANSFERABLE ONE OR MORE TIMES, IN FULL AND NOT IN PART. ANY TRANSFER MADE HEREUNDER MUST CONFORM STRICTLY TO THE TERMS HEREOF AND TO THE CONDITIONS OF RULE 6 OF THE INTERNATIONAL STANDBY PRACTICES (ISP98) FIXED BY THE INTERNATIONAL CHAMBER OF
COMMERCE, PUBLICATION NO. 590. 
 SHOULD YOU WISH TO EFFECT A TRANSFER UNDER THIS CREDIT, SUCH TRANSFER WILL BE SUBJECT TO THE RETURN TO US OF THE ORIGINAL
CREDIT INSTRUMENT, ACCOMPANIED BY OUR FORM OF TRANSFER, PROPERLY COMPLETED AND SIGNED BY AN AUTHORIZED SIGNATORY OF YOUR FIRM, BEARING YOUR BANKERS STAMP AND SIGNATURE AUTHENTICATION. SUCH TRANSFER FORM IS AVAILABLE UPON REQUEST. TRANSFER CHARGES
ARE FOR THE ACCOUNT OF THE APPLICANT. 
 IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT IS DEEMED TO BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR
PERIOD(S) OF ONE YEAR EACH FROM THE CURRENT EXPIRATION DATE HEREOF, OR ANY FUTURE EXPIRATION DATE, UNLESS AT LEAST SIXTY (60) DAYS PRIOR TO ANY EXPIRATION DATE, WE NOTIFY YOU IN WRITING BY REGISTERED MAIL OR OVERNIGHT COURIER AT THE ABOVE LISTED
ADDRESS THAT WE ELECT NOT TO CONSIDER THIS LETTER OF CREDIT EXTENDED FOR ANY SUCH ADDITIONAL PERIOD. IN NO EVENT WILL THIS LETTER OF CREDIT BE EXTENDED BEYOND THE FINAL EXPIRATION DATE OF JANUARY 31, 2021. 

ANY SUCH NOTICE SHALL BE EFFECTIVE WHEN SENT BY US AND UPON SUCH NOTICE TO YOU, YOU MAY DRAW AT ANY TIME PRIOR TO THE THEN CURRENT EXPIRATION DATE, UP TO THE
FULL AMOUNT THEN AVAILABLE HEREUNDER, IRRESPECTIVE OF THE DEFAULT REQUIREMENT OF SECTION 3 ABOVE, AGAINST YOUR DRAFT(S) DRAWN ON US AT SIGHT AND THE ORIGINAL OF THIS LETTER OF CREDIT AND ALL AMENDMENTS THERETO, ACCOMPANIED BY YOUR STATEMENT, SIGNED
BY AN AUTHORIZED SIGNATORY, ON YOUR LETTERHEAD STATING THAT YOU ARE IN RECEIPT OF BANK OF AMERICA, N.A. ’S NOTICE OF NON-EXTENSION UNDER LETTER OF CREDIT NO. [***] AND THE APPLICANT’S OBLIGATION TO
YOU REMAINS. 
 DRAFT(S) MUST STATE: “DRAWN UNDER BANK OF AMERICA, N.A. STANDBY LETTER OF CREDIT NO. [***]
DATED                    .” 

DRAFT 

  

			
	COMMERCIAL LEASE AGREEMENT	  	43

			
	BANK OF AMERICA - CONFIDENTIAL	  	PAGE: 3

 THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER: [***] 

DRAFT (S) AND DOCUMENTS MUST BE PRESENTED AT OUR OFFICE ADDRESSED: BANK OF AMERICA, N.A., 1 FLEET MAY, SCRANTON, PA
18507-1999, ATTN: GLOBAL TRADE OPERATIONS - STANDBY DEPARTMENT. AT THE OPTION OF THE BENEFICIARY, DRAWINGS MAY BE MADE ON THE IRREVOCABLE STANDBY LETTER OF CREDIT BY ELECTRONIC PRESENTATION TO OUR FACSIMILE
NUMBER 800-755-8743 (IF PRESENTED BY FAX IT MUST BE FOLLOWED UP BY A PHONE CALL TO US AT 800-370-7519, OPTION 1 TO CONFIRM
RECEIPT). IN THE EVENT OF FACSIMILE PRESENTATION THE ORIGINAL DOCUMENTS ARE NOT REQUIRED TO BE DELIVERED. WE HEREBY AGREE WITH YOU THAT DRAFT (S) DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS LETTER OF CREDIT SHALL BE DULY HONORED UPON
DUE PRESENTATION TO US. 
 EXCEPT AS OTHERWISE EXPRESSLY PROVIDED HEREIN, THIS ISLC IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS,
2007 REVISION, THE INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION NO. 600. 
 IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
TRANSACTION, PLEASE CALL 800-370-7519 OPT 1. 
  
 

 
 AUTHORIZED SIGNATURE 

THIS DOCUMENT CONSISTS OF 3 PAGE(S). 

DRAFT COPY 
 FOR DISCUSSION
AND REVIEW PURPOSES ONLY 
 PLEASE SIGNIFY YOUR ACCEPTANCE AND 

APPROVAL TO ISSUE THIS FORM: 
  

                       
                                         
                                         

APPLICANT’S AUTHORIZED SIGNATURE (S) (DATE) 

DRAFT 

  

			
	COMMERCIAL LEASE AGREEMENT	  	44

 EXHIBIT A 

Face of the draft 
  

			
	 	 
	$	  	 
	 	  	Date:
	 	 
	At Sight	  	 
	Pay to the order of
                                         
                   
	
 

	(AMOUNT IN WORDS) U.S. Dollars	  	 
	 
	“Drawn under Bank of America, N.A., Standby Letter of Credit
Number                    dated             ,
201    .”
	 	 
	To: Bank of America	  	 
	 1 Fleet Way
	  	  

	 Scranton, PA 18507-1999
	  	Beneficiary Name (Fill in)
	 Attn: Global Trade Operations
	  	  

	 	  	Authorized Signature
	
	 *  lf so stated in the LC. form of this phrase must be identical to
language specified in LC

	
	 Back of draft

 

	  
	  	 
	Beneficiary Name (Fill in)	  	 
	 	 
	  
	  	 
	Authorized Signature	  	 

  

			
	COMMERCIAL LEASE AGREEMENT	  	45

 EXHIBIT G 

TENANT ENVIRONMENTAL QUESTIONNAIRE 

The purpose of this form is to obtain information regarding the use or proposed use of hazardous materials at the Premises. Prospective
tenants should answer the questions in light of their proposed operations on the Premises. Existing tenants should answer the questions as they relate to ongoing operations on the Premises and should update any information previously submitted. If
additional space is needed to answer the questions, you may attach separate sheets of paper to this form. 
 Your cooperation in this matter is appreciated.

  

	 	1.	 GENERAL INFORMATION 

Name of Responding Company: Calhoun Vision Inc 

Check the Applicable Status: Prospective Tenants  ☒    Existing Tenants  ☐ 

Mailing Address: 1701 South Altadena. Pasadena CA 

Contact Person and Title: Ron Kurtz, COO 

Telephone Number: (949) 922-3866 

Address of Leased Premises: 100 Columbia Suite 200, Aliso Viejo CA 

Length of Lease Term: 63 months 

Describe the proposed operations to take place on the Premises, including principal products manufactured or services to be conducted. Existing
tenants should describe any proposed changes to ongoing operations. 
 Manufacturing and Corporate Operation for medical equipment and
devices, including optical devices and intraocular lenses. 
  

	 	2.	 STORAGE OF HAZARDOUS SUBSTANCES 

 

	 	2.1	 Will any hazardous substances be used or stored on-site?

Wastes                      
Yes  ☒    No  ☐ 
 Chemical
Products    Yes  ☒    No  ☐ 
  

	 	2.2	 Attach a list of any hazardous substances to be used or stored, the quantities that will be on-site at any given time, and the location and method of storage (e.g., 55-gallon drums on concrete pad). 

See attachment 

  

			
	COMMERCIAL LEASE AGREEMENT	  	46

	 	3.	 STORAGE TANKS AND SUMPS 

 

	 	3.1	 Is any above or below ground storage of gasolline, diesel, or other hazardous substances in tanks or sumps
proposed or currently conducted at the Premises? 

Yes  ☐    No  ☒   

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

					
		  	  
	  	
		  	  
	  	

  

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

Yes  ☐    No  ☐    Not Applicable 

If so, attach results. 
  

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

Yes  ☐     No  ☐    Not Applicable 

If so, describe. 

					
		  	  
	  	
		  	  
	  	

  

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

Yes  ☐     No  ☐    Not Applicable 

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

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

Yes  ☐    No  ☐    Not Applicable 

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

  

	 	4.	 SPILLS 

  

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

Yes  ☐    No  ☐    Not Applicable 

If yes, please describe the location of the spill. 

					
		  	  
	  	
		  	  
	  	

  

	 	4.2	 Were any agencies notified in connection with such spills? 

  

			
	COMMERCIAL LEASE AGREEMENT	  	47

 Yes  ☐    
No  ☐     Not Applicable 
 If yes, attach copies of any spill reports or other correspondence with
regulatory agencies. 
  

	 	4.3	 Were any clean-up actions undertaken in connection with the spills?

 Yes  ☐     No  ☐     Not Applicable 

Attach copies of any clearance letters obtained from any regulatory agencies Involved and the results of any final soil or groundwater
sampling done upon completion of the clean-up work. 
  

	 	5.	 WASTE MANAGEMENT 

 

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

Yes  ☒    No  ☐       

 

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

Yes  ☐    No  ☒     

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

	 	5.3	 Attach a list of the hazardous wastes, if any, generated or to be generated at the Premises, its hazard class
and the quantity generated on a monthly basis 

  

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

             
On-site treatment or recovery    
                                         
     
              Discharged to
sewer                                        
                        

☒         Transported and Disposal of off-site Monthly

              Incinerator
                                         
                                    

 

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

 Ron Kurtz 

 

	 	5.6	 Is any treatment of processing of hazardous wastes currently conducted or proposed to be conducted at the
Premises: 

 Yes  ☐     No  ☒   

If yes, please describe any existing or proposed treatment methods.
                     

                       
                                         
                                         
                         

  

			
	COMMERCIAL LEASE AGREEMENT	  	48

	 	5.7	 Attach copies of any hazardous waste permits or licenses issued to your company with respect to its operations
at the Premises. 

  

	 	6.	 WASTEWATER TREATMENT / DISCHARGE 

 

	 	6.1	 Do you discharge wastewater to: NO 

           Storm
drain?                        sewer? 

           surface
water?                        no industrial discharge 
  

	 	6.2	 Is your wastewater treated before discharge? Not Applicable 

Yes  ☐    No  ☐     

If yes, describe the type of treatment conducted
                                         
                                         

  

                       
                                         
                                         
                                         
               
  

	 	6.3	 Attach copies of any wastewater discharge permits issued to your company with respect to its operations at the
Premises. 

  

	 	7.	 AIR DISCHARGES 

 

	 	7.1	 Do you have any air filtration systems or stacks that discharge into the air? 

Yes  ☒    No  ☐     

 

	 	7.2	 Do you operate any of the following types of equipment or any other equipment requiring an air emissions
permit? 

              spray booth
           dip tank 

             drying oven
            incinerator 

             other ( please describe)
                                         
                                         
                 

                       
                                         
                                         
                                         
    
              no equipment requiring air permits

 ☒ Laboratory Chemical Hood 
  

	 	7.3	 Are air emissions from your operations monitored? 

Yes  ☐    No  ☒     

If so, indicate the frequency of monitoring and a description of the monitoring results.      

 

                       
                                         
                                         
                            

                       
                                         
                                         
                                         
               
  

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

  

			
	COMMERCIAL LEASE AGREEMENT	  	49

	 	8.	 HAZARDOUS SUBSTANCES DISCLOSURES 

 

	 	8.1	 Does your company handle hazardous materials in a quantity equal to or exceeding an aggregate of 500 pounds, 55
gallons, or 200 cubic feet per month? 

 Yes  ☐    No  ☒ 

 

	 	8.2	 Has your company prepared a hazardous materials management plan pursuant to any applicable requirements of a
local fire department or governmental agency? 

 Yes  ☐    No  ☒ 

If so, attach a copy of the business plan. 
  

	 	8.3	 Has your company adopted any voluntary environmental, health, or safety program? 

Yes  ☐     No  ☐  Pending 

If so, attach a copy of the program. 
  

	 	9.	 ENFORCEMENT ACTIONS, COMPLAINTS 

 

	 	9.1	 Has your company ever been subject to any agency enforcement actions, administrative orders, lawsuits, or
consent decrees regarding environmental compliance or health and safety? 

Yes  ☐    No  ☒ 

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

	 	9.2	 Has your company ever received requests for information, notice or demand letters, or any other inquiries
regarding environmental compliance or health and safety? 

Yes  ☐    No  ☒ 
  

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

Yes  ☐    No  ☒ 
  

	 	9.4	 If you answered ‘‘yes’’ to any question in this section, describe the environmental action
or complaint and any continuing compliance obligation imposed as a result of same. 

  

                    
                                         
                                         
                                         
                                         
                             

                    
                                         
                                         
                                         
                                         
                             

                    
                                         
                                         
                                         
                                         
                             
  

					
	Calhoun Vision, Inc. a California Corporation
		
	By:	 	 /s/ Ron Kurtz

	Title:	 	Chief Operating Officer	 	
		 		 	Date: 10-20-15

  

			
	COMMERCIAL LEASE AGREEMENT	  	50

 Attachment 
  

					
	List of Calhoun Chemicals 9/23/15

  

					
	 Chemical
	  	 Amount on Hand
	  	 Storage

	Sodium Thiosulfate Solution	  	1 pint	  	In bottle in Chemical Storage Cabinet
	Activated Charcoal	  	4 Kg	  	In bottle in Chemical Storage Cabinet
	Silicone	  	20 Gallons	  	Chemical Storage Refrigerator/Cabinet
	Silicone Catalyst	  	200 gm	  	In bottle in Chemical Storage Cabinet
	Chloronated Organic and Organic Solvents (including ispropanol, hexane, tolulene and tetrahydrofuran, dichloromethane and chloroform	  	14 Gallons	  	In bottles in Flammable Storage Cabinet
	Wijs Solution	  	1 pint	  	In bottle in Chemical Storage Cabinet
	
	List of Calhoun Wastes 9/23/15
	 Waste Material
	  	 Amount on Hand
	  	 Storage

	Chloronated Organic Waste	  	15 gallons	  	In bottle in Chemical Storage Cabinet
	Organic Waste	  	15 gallons	  	In bottle in Chemical Storage Cabinet

  

			
	COMMERCIAL LEASE AGREEMENT	  	51

 EXHIBIT H 

2015 Estimated Operating Budget 
  

									
	Category	  	Amount	 	  	 $/Total

SF/Mo.
	 
	 Cleaning
	  	$	38,510.00	 	  			
	 Repair & Maintenance
	  	$	42,215.19	 	  			
	 Utilities
	  	$	16,468.86	 	  			
	 Security
	  	$	11,636.95	 	  			
	 Landscape
	  	$	36,849.66	 	  			
	 Association Fees
	  	$	21,497.84	 	  			
	 Reserve - Asphalt
	  	$	7,500.00	 	  			
	 Reserve - Tree Removal/Replacement
	  	$	5,000.00	 	  			
		  	  
	  
	 	  			
	 Common Area Charges
	  	$	179,678.50	 	  	$	0.11	 
			
	 Property Manager Fees 4%
	  	$	68,830.48	 	  	$	0.05	 
	 Property Insurance:
	  	$	14,420.08	 	  	$	0.009	 
	 Property Taxes:
	  	$	229,304.88	 	  	$	0.15	 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	492,233.93	 	  	$	0.32	 
		  	  
	  
	 	  	  
	  
	 

  

			
	COMMERCIAL LEASE AGREEMENT	  	52

 RIDER 1 

RENEWAL OPTION 
  

	1.	 If, and only if, on the Expiration Date and the date Tenant notifies Landlord of its intention to renew the
term of this Lease (as provided below), (i) Tenant is not in default under this Lease, (ii) Tenant then occupies the Premises consisting of at least all of the original Premises, and (iii) this Lease is in full force and effect, then
Tenant, but not any assignee or subtenant of Tenant, shall have and may exercise an option to renew this Lease for one (l) additional term of five (5) years (the “Renewal Term”) upon the same terms and conditions contained in this
Lease with the exceptions that (x) this Lease shall not be further available for renewal, and (y) the rental for the Renewal Term shall be the “Renewal Rental Rate”, but in no event will the Base Monthly Rent be less than the
Base Monthly Rent for the last twelve (12) calendar months of the initial term of the Lease. The Renewal Rental Rate is hereby defined as the then fair market value (including, without limitation, those similar to the Base Monthly Rent and
Additional Rent) for similar spaces in the area as determined by Landlord. 

  

	2.	 If Tenant desires to renew this lease, Tenant must notify Landlord in writing of its intention to renew on or
before the date which is at least six (6) months but no more than nine (9) months prior to the Expiration Date. Landlord shall, within the next sixty (60) days, notify Tenant in writing of Landlord’s determination of the Renewal
Rental Rate and Tenant shall, within the next twenty (20) days following receipt of Landlord’s’ determination of the Renewal Rental Rate, notify Landlord in writing of Tenant’s acceptance of Landlord’s determination of the
Renewal Rental Rate. If Tenant timely notifies Landlord of Tenant’s acceptance of Landlord’s determination of the Renewal Rental Rate, this Lease shall be extended as provided herein and Landlord and Tenant shall enter into an amendment to
this Lease to reflect the extension of the term and changes in Rent in accordance with this Rider I. If (x) Tenant timely notified Landlord in writing of Tenant’s rejection of Landlord’s determination of the Renewal Rental Rate or
(y) Tenant does not notify Landlord in writing of Tenant’s acceptance or rejection of Landlord’s determination of the Renewal Rental Rate within such twenty (20) day period, this Lease shall end on the Expiration Date and
Landlord shall have no further obligation or liability hereunder. 

  

			
	COMMERCIAL LEASE AGREEMENT	  	53

 First Amendment to Lease 

THIS INSTRUMENT (hereinafter referred to as the “FIRST Amendment”) dated the 23rd day of
November 2015, is entered into by Accuride International Inc. (hereinafter referred to as “Landlord”), a California Corporation and Calhoun Vision, Inc., a California Corporation (hereinafter referred to as “Tenant”. The parties
agree as follows: 
  

	 	A.	 Identification of Lease. Reference is made to that certain Lease (“Original Lease”), dated
August 31, 2015, between Tenant and Landlord, covering certain Premises containing approximately 21,498 rentable square feet of space in a building located at 100 Columbia. Suite 200, Aliso Viejo. CA. 

 

	 	B.	 Context of the First Amendment. Regarding change orders, our contract with Shafer and Associates. Inc.,
(the “General Contractor”) is “open book” and Landlord and Tenant agree to the following methodology for approving change orders: 

Landlord is responsible for a Tenant Improvement Allowance of $500,000 which was based on the General Contractor’s bid (Exhibit D, Section
II of the Original Lease). The General Contractor’s bid included any Title 24 and Americans with Disabilities Act modifications expected to be required by the City of Aliso Viejo as a result of undertaking the project and also included
estimated costs for certain long-term improvements to the Premises such as the bathroom move. These are the Landlord’s financial responsibility in the Tenant Improvements Allowance. Tenant requires additional modifications including movements
of walls, construction of specialized operations areas and the insertion of clean rooms into the premises. These are the Tenant’s financial responsibility and payment therefore is outlined in Exhibit D. Section II (a) of the Original
Lease. 
 Landlord is managing the construction project and has contracted with the General Contractor except that the Landlord is making no
decisions on the clean room construction areas and the related clean room connections (e.g. for HVAC and electrical service) to the remainder of the Premises. 

As change orders occur, the Landlord and Tenant agree that the General Contractor will present all change order to both the Landlord and
Tenant. If the Landlord deems the change order outside the initial scope of the Landlord’s responsibility, the Landlord will approve the work to proceed under the contract only after the signature on the change order by the Tenant. 

Additionally, the work letter has a provision requiring a Second General Contractors bid. Tenant specifically agrees to waive this provision as
they have agreed to use Shafer and Associates, Inc. and do not require a second bid. 
  

									
	“Landlord”:	 		 	“Tenant”:
			
	 Accuride International Inc
 A
California Corporation
	 		 	 Calhoun Vision, Inc.
 A California
Corporation

					
	By:	 	 /s/ Jeffrey A.
Dunlap                    
	 		 	By:	 	 /s/ Ron
Kurtz                    

	Name:	 	Jeffrey A. Dunlap	 		 	Name:	 	Ron Kurtz
	Title:	 	CFO	 		 	Title:	 	COO

 SECOND AMENDMENT (EXPANSION TO THE LEASE) 

THIS INSTRUMENT (hereinafter referred to as the “Second Amendment”), dated the
22nd day of December 2015, is entered into by ACCURIDE INTERNATIONAL INC., a California corporation (hereinafter referred to as “Landlord”) and CALHOUN VISION, INC., a Delaware
corporation, (hereinafter referred to as “Tenant”). The parties agree as follows: 

A.    Identification of Lease. Reference is made to that certain Commercial Lease Agreement dated August 31st, 2015 (the “Original Lease”), as amended by that certain First Amendment to the Lease dated November 23rd. 2015 (The Original
Lease, as so amended, is herein collectively referred to as the “Lease”) for certain premises containing approximately 21,498 rentable square feet located at 100 Columbia Suite 200, Aliso Viejo Ca, as more particularly described in the
Lease as the Premises. 
 B.    Context of Second Amendment. The parties have agreed to expand the
Tenant’s leased Premises to include approximately 20,608 rentable square feet located at 100 Columbia, Suite 100, Aliso Viejo, California 92656. Together, 100 Columbia, Suites 100 and 200 make up the entire 100 Building and shall
together be heretofore known as the “Amended Premises”. This Second Amendment is being entered into for that purpose. 

C.    Term. The term for 100 Columbia, Suite 100 Shall be for approximately 56 months. It shall commence on
August 1st 2016 (“Second Amendment Commencement Date”) and will be coterminous with the Lease of 100 Columbia Suite 200. Should the Original Lease result in an occupancy of greater than
56 months, the additional months up to 60 months will be at the same rate as months 49-56. If additional months are required to co-terminate the leases due to occupancy
delays on Suite 100, the rent will increase in month 61 by 3% and will continue at that rate until the Amended Premises termination occurs. 
  

	 	D.	 Rent For 100 Columbia, Suite 100. The base rent payable for 100 Columbia, Suite 100 shall be the amount
called for by the following: 

  

					
	 Suite 100
	  	Rate Per month	 
	 Months 1-12
	  	$	21,638.40 NNN	 
	 Months 13-24
	  	$	22,287.55 NNN	 
	 Months 25-36
	  	$	22,956.18 NNN	 
	 Months 37-48
	  	$	23,644.86 NNN	 
	 Months 49-56
	  	$	24,354.21 NNN	 

 Base Rent for months 2 and 3 will be abated. NNN fees as specified in the Original Lease will still be due.

 Base and Additional Rent for Suite 200 will continue as agreed in the Original Lease. 

E.    Deposit: Upon Second Amendment execution, Tenant shall pay the First month’s rent, NNN fees and a
Security Deposit equal to the last month’s rent. 
 F.    Letter of Credit: Within 14 days of the
execution of this Second Amendment, Tenant shall provide an Irrevocable Standby Letter of Credit (the “2nd ISLC”) for the additional space at 100 Columbia, Suite 100 in the amount of
$300,000 in favor of the Landlord from Bank of America. This 2nd ISLC shall conform to the format issued under the 

  
 G: Leases and
Amendments/Aliso/Calhoun Second Amendment 
 - 1 - 

 ISLC for the Original Lease. Should tenant not default on any terms of the lease, the Irrevocable Letter of
Credit shall be decreased by 20% on every 12 month anniversary date from the Second Amendment Commencement Date (August 1,2016). 

G.    Tenant Improvements. Tenant shall Lease the building in its “as is” condition. 

 

	 	a.	 Tenant will be allowed to create entry points from Suite 100 to Suite 200 at Tenant’s own expense.
Landlord shall require the appropriate permitting and structural work prior to commencement of any Construction. 

  

	 	b.	 Tenant at Tenant’s expense, may build out or modify some existing improvements including adding
clean rooms with Landlord’s prior approval. The approval of Tenant to build out improvements shall not be unreasonably withheld by Landlord. Depending on the additions, Landlord will specify whether there will be a requirement to remove the
improvement or not prior to construction. 

 H.    Conditions of the Premises: Prior to
Occupancy, Landlord shall warrant that all Operating Systems, including the HVAC, Plumbing and Electrical systems shall be in proper working condition upon occupancy. Landlord shall warranty the Operating Systems for the initial ninety
(90) days of the Lease. Additionally, the property shall be presented in clean “move in” condition. 

I.    Commission. Lee & Associates-Irvine and CBRE shall each receive one and a half percent (1.5%)
commission based on the total lease consideration. 
 J.    Tenant Represented by: Guy La Ferrara of
Lee & Associates-Irvine 
 K.    Landlord Represented by; Gregg Haly of CBRE 

L.    Miscellaneous. Any term used in this Second Amendment, which is defined in the Lease, shall have the
same meaning herein, unless the context indicates that another meaning is intended. The Lease is intended to be and is supplemented and amended by the provisions of this Second Amendment, and hereafter the Lease shall be considered and construed
together. All of the terms, provisions, conditions, and covenants of the Lease, as modified by this Second Amendment, shall be and remain in full force and effect. 

M.    Parking. Tenant shall be permitted to utilize parking at the Property at the rate of 3:1000 at no
charge to Tenant during the entire Lease Term and any extension thereof. This will represent a total of 62 spaces for Suite 100 and 64 spaces for suite 200. 

N.    Signage. Tenant shall have the right, at its sole cost and expense, to install signage on the exterior
of the Building and suite signage within the Premises, subject to compliance with Landlord’s sign program and City of Aliso Viejo ordinances. Tenant shall be responsible for the cost to remove said signage at the termination of the lease. 

  
 G: Leases and
Amendments/Aliso/Calhoun Second Amendment 
 - 2 - 

 THIRD AMENDMENT (EXPANSION TO THE LEASE) 

THIS INSTRUMENT (hereinafter referred to as the “Third Amendment”), dated the 18th
day of January 2016, is entered into by ACCURIDE INTERNATIONAL INC., a California corporation (hereinafter referred to as “Landlord”) and CALHOUN VISION, INC., a Delaware corporation, (hereinafter referred to as “Tenant”).
The parties agree as follows: 
 A. Identification of Lease. Reference is made to that certain Commercial Lease Agreement dated
August 31st, 2015 (the “Original Lease”), as amended by that certain First Amendment to the Lease dated November 23rd, 2015, as amended by that certain Second Amendment to the Lease dated December 22nd, 2015, (The Original Lease, as so amended, is herein
collectively referred to as the “Lease”) for certain premises containing approximately 21,498 rentable square feet located at 100 Columbia Suite 200, Aliso Viejo Ca and 20,608 rentable square feet located at 100 Columbia Suite 100, Aliso
Viejo Ca as more particularly described in the Lease as the Premises. 
 B. Context of Third Amendment. The parties have agreed to
the following: 
  

	1.	 Landlord and Tenant agree to proceed with the “Ceiling work” as described in Shafer and Associates
estimate “Accuride-CV-2nd Floor/Request for Change l” (See Attachment A) 

 

	2.	 Landlord agrees to abate the Base Rent for Months four (4) and five (5) for 100 Columbia, Suite 200.

  

	3.	 Landlord agrees to abate the Base Rent for Month four (4) for 100 Columbia, Suite 100.

  

	4.	 Landlord shall extend the Lease by an additional three (3) months for each the two units, suite 100 and
200 of 100 Columbia, Aliso Viejo, Ca.. Both suites under this amendment shall remain coterminous. 

  

	5.	 Any additional cost incurred for this additional work, above the cost estimated under B1 above shall be paid by
the tenant and will be paid as per the instructions within the “Lease”. 

C.    Commission. None 

D.    Tenant Represented by: None 

E.    Landlord Represented by: None 

F.    Miscellaneous. Any term used in this Third Amendment, which is defined in the Lease,
shall have the same meaning herein, unless the context indicates that another meaning is intended. The Lease is intended to be and is supplemented and amended by the provisions of this Third Amendment, and hereafter the Lease shall be considered and
construed together. All of the terms, provisions, conditions, and covenants of the Lease, as modified by this Third Amendment, shall be and remain in full force and effect. 

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed on or as of the day and year above written. 

 

									
	“Landlord”:	 		 	“Tenant”:
			
	 ACCURIDE INTERNATIONAL INC.
 a
California Corporation
	 		 	 CALHOUN VISION, INC.
 a
Delaware/Corporation

					
	By:	 		 		 	By:	 	 /s/ Ron Kurtz

  
 G: Leases and
Amendments/Aliso/Calhoun Third Amendment 
 - 1 - 

 THIRD AMENDMENT (EXPANSION TO THE LEASE) 

THIS INSTRUMENT (hereinafter referred to as the “Third Amendment”), dated the 18th
day of January 2016, is entered into by ACCURIDE INTERNATIONAL INC., a California corporation (hereinafter referred to as “Landlord”) and CALHOUN VISION, INC., a Delaware corporation, (hereinafter referred to as “Tenant”).
The parties agree as follows: 
 A.    Identification of Lease. Reference is made to that certain
Commercial Lease Agreement dated August 31st, 2015 (the “Original Lease”), as amended by that certain First Amendment to the Lease dated November 23rd, 2015, as amended by that certain Second Amendment to the Lease dated December 22nd, 2015, (The Original Lease, as so amended, is herein
collectively referred to as the “Lease”) for certain premises containing approximately 21,498 rentable square feet located at 100 Columbia Suite 200, Aliso Viejo Ca and 20.608 rentable square feet located at 100 Columbia Suite 100, Aliso
Viejo Ca as more particularly described in the Lease as the Premises. 
 B.    Context of Third Amendment.
The parties have agreed to the following: 
  

	1.	 Landlord and Tenant agree to proceed with the “Ceiling work” as described in Shafer and Associates
estimate “Accuride-CV-2nd Floor/Request for Change l”(See Attachment A) 

 

	2.	 Landlord agrees to abate the Base Rent for Months four (4) and five (5) for 100 Columbia, Suite 200.

  

	3.	 Landlord agrees to abate the Base Rent for Month four (4) for 100 Columbia, Suite 100.

  

	4.	 Landlord shall extend the Lease by an additional three (3) months for each the two units, suite 100 and
200 of 100 Columbia, Aliso Viejo, Ca.. Both suites under this amendment shall remain coterminous. 

  

	5.	 Any additional cost incurred for this additional work, above the cost estimated under B1 above shall be paid by
the tenant and will be paid as per the instructions within the “Lease”. 

C.    Commission. None 

D.    Tenant Represented by: None 

E.    Landlord Represented by: None 

F.    Miscellaneous. Any term used in this Third Amendment which is defined in the Lease,
shall have the same meaning herein, unless the context indicates that another meaning is intended. The Lease is intended to be and is supplemented and amended by the provisions of this Third Amendment, and hereafter the Lease shall be considered and
construed together. All of the terms, provisions, conditions, and covenants of the Lease, as modified by this Third Amendment, shall be and remain in full force and effect. 

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed on or as of the day and year above written. 

 

									
	“Landlord”:	 		 	“Tenant”:
			
	 ACCURIDE INTERNATIONAL INC.
 a
California Corporation
	 		 	 CALHOUN VISION, INC.
 a
Delaware Corporation

					
	 By:
	 	 /s/ Jefferey Dunlap
	 		 	By:	 	 /s/ Ron Kurtz

  
 G: Leases and
Amendments/Aliso/Calhoun Third Amendment 
 - 1 - 

 Attachment A 

J. S. Shafer & Associates, Inc. 

Job Number 2338 - Request for Change 1 
  

							
	Project:	  	 Attachment C-2 - Accuride-Shafer Agreement

Lease Improvements-2nd Floor Only-Calhoun Vision

100 Columbia, Suite 200
 Aliso Viejo, CA 92656
	  	 Change Order Date
 Contract for:

Contract Date:
	  	 12/29/15

Accuride-CV-2nd Floor

10/29/15

				
	To:	  	 J. S. Shafer & Associates, Inc.
 P.O. Box
729
 Claremont, CA 91711
	  		  	

 You are directed to make the following changes in the contract: 

Open ceilings-all systems exposed-all 2nd Floor areas 

 

															
	 	  	Count	 	  	Unit	  	Unit
Cost	 	  	Item
Values	 
	 The following applies to all areas of 2nd Floor except Rooms 212. 213. 215 & 223
	  				  		  				  	 	—  	 
		  				  		  				  	 	—  	 
					
	 Demo existing, ceilings & lay-in insulation - 4
man crew
	  	 	32.00	 	  	Crew Hours	  	 	164.32	 	  	 	5,258.24	 
	 Demo ductwork, supports foil insulation etc - 4 man crew
	  	 	12.00	 	  	Crew Hours	  	 	164.32	 	  	 	1,971.84	 
	 Demo draft stop header framings & misc supports/diagonal bracing etc.
	  	 	8.00	 	  	Crew Hours	  	 	164.32	 	  	 	1,314.56	 
	 Detail out beams, purlins, etc. for exposed finish conditions
	  	 	32.00	 	  	Crew Hours	  	 	164.32	 	  	 	5,258.24	 
	 Debris disposal - 40 cu. yd. bins
	  	 	2.00	 	  	Each	  	 	750.00	 	  	 	1,500.00	 
	 Framing & drywall-extend existing walls to roof install diagonal bracing
	  	 	1.00	 	  	Lot	  	 	14,700.00	 	  	 	14,700.00	 
	 Additional electrical & light fixture install costs (no fixture upgrade-installation
only)
	  	 	1.00	 	  	Lot	  	 	13,600.00	 	  	 	13,600.00	 
	 Additional lighht fixture costs-upgrade to LED direct/indirect liner types-Allowance
	  	 	120.00	 	  	Each	  	 	200.00	 	  	 	24,000.00	 
	 Install R-19 black faced batts in roof
	  	 	1.00	 	  	Lot	  	 	12,140.00	 	  	 	12,140.00	 
	 HVAC-exposed ductwork modify existing plenumns, etc. - Allowance
	  	 	7600.00	 	  	Sq.Ft.	  	 	2.25	 	  	 	17,100.00	 
	 Fire sprinkler-adjust all heads in area
	  	 	7600.00	 	  	Sq.Ft.	  	 	1.45	 	  	 	11,020.00	 
	 Painting-all extended wall surfaces
	  	 	6842.00	 	  	Sq.Ft.	  	 	1.10	 	  	 	7,526.20	 
	 Painting-exposed ceiling
	  	 	7600.00	 	  	Sq.Ft.	  	 	1.20	 	  	 	9,120.00	 
	 Painting-conduit piping & details, cleaning ductwork
	  	 	48.00	 	  	Crew Hours	  	 	113.89	 	  	 	5,466.72	 
	 Painting-materials for pipework & details-gallons
	  	 	10.00	 	  	Each	  	 	48.00	 	  	 	480.00	 
	 Additional supervision
	  	 	30.00	 	  	Man Hours	  	 	50.43	 	  	 	1,512.90	 
	 Contingency
	  	 	1.00	 	  	Lot	  	 	3.000.00	 	  	 	3,000.00	 
		  				  		  				  	 	—  	 
		  				  		  				  	 	—  	 
		  				  	 Direct cost subtotal
	 	  	 
	134,968.70
	 

		  				  	 Overhead & Profit
	 	  	 	10,797.50	 
		  				  	 Insurance
	 	  	 	1,822.08	 
		  				  		  				  	  
	  
	 
		  				  	 Change Order Total
	 	  	 	147,588.27	 
		  				  		  				  	  
	  
	 
	 Not valid until signed by both the Owner and Contractor
	  				  		  				  			
	 Signatur of the Contractor indicates his agreement herien, including any adjustment
in the Contract Sum or Contract Time.
	  
	  			
	 The original Contact Sum was
	  				  		  				  	 	178,451.55	 
	 Net Change by previously authorized Change Orders is
	  				  		  				  	 	0.00	 
	 The Contract Sum prior to this Change Order was
	  				  		  				  	 	178,451.55	 
	 The Contract Sum increase or (deacrease) by this Change Order amount will be
	  				  		  				  	 	147,588.27	 
		  				  		  				  	  
	  
	 
	 The new Contract Sum including this Change Order will be
	  				  		  				  	 	326,039.83	 
		  				  		  				  	  
	  
	 
	 The Project Duration is adjusted by and increase (decrease) of
	  				  		  	 	Days	 	  	 	0	 
		  				  		  				  	  
	  
	 
	 The projected Project completion date exclusive of rain days is
	  				  		  				  	 	3/31/2016	 

  

									
	CONTRACTOR	 		 	OWNER
	J.S. Shafer & Associates, inc.	 		 	Accuride Internaional, Inc.
	P.O. Box 729	 		 	12311 Shoemaker Avenue
	Claremont. CA 91711	 		 	 Santa Fe Springs. CA 90670

blank

					
	By:	 	
                    

	 		 	By:	 	
                     
           

  
 G: Leases and
Amendments/Aliso/Calhoun Third Amendment 
 - 2 - 

 O.    Option to Extend. The Renewal Option in Rider 1 to
the Lease shall apply to both 100 Columbia, Suite 200 and 100 Columbia, Suite 100. 
 IN WITNESS WHEREOF, the parties hereto have caused
this Second Amendment to be executed on or as of the day and year above written. 
  

									
	“Landlord”:	 		 	“Tenant”:
			
	 ACCURIDE INTERNATIONAL INC.
 a
California Corporation
	 		 	 CALHOUN VISION, INC.
 a
Delaware Corporation

					
	 By:
	 	 /s/ Jefferey Dunlap
	 		 	By:	 	 /s/ Ron Kurtz

  
 G: Leases and
Amendments/Aliso/Calhoun Second Amendment 
 - 3 - 

 FOURTH AMENDMENT (EXTENSION TO THE LEASE) 

THIS INSTRUMENT (hereinafter referred to as the “Fourth Amendment”), dated the
12th day of November 2016, is entered into by ACCURIDE INTERNATIONAL INC., a California corporation (hereinafter referred to as “Landlord”) and RXSIGHT, Inc. (formerly known as CALHOUN
VISION, INC.), a California corporation, (hereinafter referred to as “Tenant”). The parties agree as follows: 

A.    Identification of Lease. Reference is made to that certain Commercial Lease Agreement dated August 31st, 2015 (the “Original Lease”), as amended by that certain First Amendment to the Lease dated November 23rd, 2015, as amended by
that certain Second Amendment to the Lease dated December 22nd, 2015 , as amended by that certain Third Amendment to the Lease dated January 18th, 2016, (The Original Lease, as so amended, is herein collectively referred to as the “Lease”) for certain premises containing approximately 21,498 rentable square feet located at 100
Columbia Suite 200, Aliso Viejo Ca and 20,608 rentable square feet located at 100 Columbia Suite 100, Aliso Viejo Ca as more particularly described in the Lease as the Premises. 

B.    Context of Fourth Amendment. The parties have agreed to the following: 

 

	1.	 Landlord and Tenant agree to extend the Lease for an additional 36 months for the total 42,106 square feet.

  

	2.	 The Lease extension period shall be from October 1, 2021 to September 30, 2024.

  

	3.	 Landlord shall provide a Tenant Allowance in the amount of $400,000 to be used for improvement related to the
100 suite at 100 Columbia. The allowance will be provided as a cash payment of $400,000 on the later of December 15, 2016 or upon presentation by Tenant to Landlord of documentation to demonstrate at least 80% completion of total improvements
identified in Attachment A. 

  

	4.	 Tenant agrees to issue an additional, or increase the existing, Irrevocable Standby Letter of Credit
(“ISLC”) by an additional $400,000. This additional $400,000 shall decrease each September 30 anniversary of the lease by a pro-rata amount until October 1, 2023 when the ISLC will be
converted to $50,000 plus the amount required under earlier portions of the Lease. The remaining $50,000 will secure the restoration of the lobby and related changes in the window line rooms of Suite 100. Areas of restoration are shown on Attachment
B to this amendment. In the event that Calhoun completes a financing in excess of $40,000,000 prior to December 15, 2016, the additional ISLC will be reduced to $200,000 and shall decrease as described above until September 30th, 2023 when the ISLC will be converted to $50,000 plus the amount required under earlier portions of the Lease. The remaining $50,000 will secure the restoration of the lobby and related changes in
the window line rooms of Suite 100 as described above. 

  

	5.	 Calhoun shall provide a work letter defining what work will be covered under the $400,000 tenant improvement
allowance. (See Attachment A). 

  

	6.	 Calhoun Vision has provided updated, unaudited financials for the nine months ended September 30, 2016.
(See Attachment C) 

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 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 1 - 

 C.    Rent During Fourth Extension Period. During the Fourth
Extension Period, the base rent payable shall be the amount called for by the following: 
  

									
	 Period of Time
	  	Base Monthly Rent	 
	 Months 1-12
	  	$	55,235.88	 	  	 	Plus NNN	 
	 Months 13-24
	  	$	56,892.96	 	  	 	Plus NNN	 
	 Months 25-36
	  	$	58,599.75	 	  	 	Plus NNN	 

 D.    Commission.
1⁄2 percent for each broker 

E.    Tenant Represented by: Guy La Ferrara, Lee & Associates 

F.    Landlord Represented by: Gregg Haly, CBRE 

G.    Miscellaneous. Any term used in this Fourth Amendment, which is defined in the Lease,
shall have the same meaning herein, unless the context indicates that another meaning is intended. The Lease is intended to be and is supplemented and amended by the provisions of this Fourth Amendment, and hereafter the Lease shall be considered
and construed together. All of the terms, provisions, conditions, and covenants of the Lease, as modified by this Fourth Amendment, shall be and remain in full force and effect. 

IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be executed on or as of the day and year above written. 

 

									
	“Landlord”:	 		 	“Tenant”:
			
	 ACCURIDE INTERNATIONAL INC.
 a
California Corporation
	 		 	 RXSIGHT, Inc.
 a
California Corporation

					
	 By:
	 	 /s/ Jefferey Dunlap
	 		 	By:	 	 /s/ Ron Kurtz

 “This section left intentionally blank” 

  
 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 2 - 

 Attachment A 

WORK LETTER 
 (Tenant
Improvements) 
 100 Columbia, Suite 100, Aliso Viejo, CA 

 

	1.	 TENANT IMPROVEMENTS 

The tenant improvement work (“Tenant Improvements”) shall consist of the work required to complete certain improvements to the
Premises based on a working floor drawing attached as Exhibit B. Tenant shall contract with a general contractor, identified as J.S. Shafer & Associates, Inc. to construct the Tenant Improvements. The Tenant Improvements work shall be
undertaken and prosecuted in accordance with the following requirements: 
  

	 	A.	 It is understood that except as provided below, the Tenant Improvements shall only include actual improvements
to the Premises approved by Landlord identified in Attachments A and B and shall exclude (but not by way of limitation) Tenant’s furniture, trade fixtures, partitions, equipment and signage improvements, if any. Further, the Tenant Improvements
shall incorporate Landlord’s building standard materials and specifications (“Standards”). No deviations from the Standards may be requested by Tenant with respect to doors and frames, finish hardware, entry graphics, the ceiling
system, light fixtures and switches, mechanical systems, life and safety systems, and/or window coverings; provided that Landlord may, in its sole discretion, authorize in writing one or more of such deviations, in which event, unless Landlord
otherwise agrees in its sole discretion, Tenant shall be solely responsible for the cost of replacing same with the applicable Standard item(s) upon the expiration or termination of this Lease. All other
non-standard items (“Non-Standard Improvements”) shall be subject to the prior approval of Landlord, which may be withheld in Landlord’s sole discretion.
Landlord shall in no event be required to approve any Non-Standard Improvement if Landlord determines that such improvements (i) is of a lesser quality than the corresponding Standard, (ii) fails to
conform to applicable governmental requirements, (iii) requires building services beyond the level Landlord has agreed to provide Tenant under this Lease, or (iv) would have an adverse aesthetic impact from the exterior of the Premises.

  

	 	B.	 Tenant shall use a licensed general contractor (Identified as J.S. Shafer & Associates) and that
contractor’s selected subcontractors to construct the Premises. 

  

	 	C.	 The TI Contractor and each of its subcontractors shall comply with Landlord’s requirements as generally
imposed on third party contractors, including without limitation all insurance coverage requirements and the obligation to furnish appropriate certificates of insurance to Landlord, prior to commencement of construction or the Tenant Improvements
work. 

  

	 	D.	 A construction schedule shall be provided to Landlord and Tenant prior to commencement of the construction of
the Tenant Improvements work, and weekly updates shall be supplied 

  
 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 3 - 

 Work Letter (Continued) 

 

	 	E.	 The Tenant Improvements work shall be prosecuted at all times in accordance with all state, federal and local
laws, regulations and ordinance, including without limitation all OSHA and other safety laws, the Americans with Disabilities Act (“ADA”) and all applicable governmental permit and code requirements. 

 

	 	F.	 Tenant hereby designates Richard Drinkward, Telephone No. (949)
521-7833, as its representative, agent and attorney-in-fact for the purpose of receiving notices, approving submittals and
issuing requests for Changes and Landlord shall be entitled to rely upon authorizations and directives of such persons as if given directly by Tenant. Tenant may amend the designation of its construction representative(s) at any time upon delivery
of written notice to Landlord. 

 “This section left intentionally blank” 

  
 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 4 - 

	2.	 COST OF TENANT IMPROVEMENTS 

 

			
	Tenant Improvement-CV-2A    Attachment C	  	J. S. Shafer & Associates, Inc.
	100 Columbia, Suite 100	  	Schedule of Values
	Aliso Viejo, CA 92656	  	Job No. 2362
	blank	  	08/29/16

  

																	
	 CSI
	  	 Item Description
	  	Count	 	  	 Unit
	  	Unit
Cost	 	  	Item Values	 
	01030	  	General Conditions	  				  		  				  	 	70,048.80	 
	01000	  	 Building Permit Fees
	  	 	1	 	  	 Allowance
	  	 	12,500.00	 	  	 	12,500.00	 
	01027	  	 Electrical Engineering
	  	 	1	 	  	Lot	  	 	18,000.00	 	  	 	18,000.00	 
	01028	  	 Mechanical Engineer
	  	 	1	 	  	Lot	  	 	8,000.00	 	  	 	8,000.00	
	01032	  	 Printing & copying
	  	 	1	 	  	Allowance	  	 	750.00	 	  	 	750.00	 
	01523	  	 Scissor / boom lifts-rentals
	  	 	1	 	  	Each	  	 	1,200.00	 	  	 	1,200.00	 
	01560	  	 Dispose 4-ft flourescent tubes removed
	  	 	1	 	  	Lot	  	 	496.32	 	  	 	496.32	 
	01566	  	 Debris disposal-dumpsters
	  	 	3	 	  	Each	  	 	800.00	 	  	 	2,400.0	 
	02070	  	 Demo-walls 254’ @ 9.5’
	  	 	3,420	 	  	Sq. Ft.	  	 	2.00	 	  	 	6,840.00	 
	02070	  	 Demo-additional per 09/14 plan-130 In.ft.
	  	 	1,260	 	  	Sq. Ft.	  	 	2.00	 	  	 	2,520.00	 
	02070	  	 Demo wall cladding of X-frame, remove nailer
	  	 	6	 	  	 Man hours
	  	 	39.48	 	  	 	236.8	 
	02071	  	 Demo-acoustic ceilings
	  	 	5,384	 	  	Sq. Ft.	  	 	0.75	 	  	 	4,038.00	 
	02072	  	 Demo-existing 2x4 flourescent fixtures
	  	 	117	 	  	Each	  	 	9.00	 	  	 	1,053.00	 
	02073	  	 Demo-existing carpet, vet-break rm, wall base
	  	 	8,493	 	  	Sq. Ft.	  	 	0.45	 	  	 	3,821.85	 
	02074	  	 Demo sheet vinyl & cove base-rest rooms
	  	 	475	 	  	Sq. Ft.	  	 	1.00	 	  	 	475.00	 
	02075	  	 Demo existing toilet partitions
	  	 	1	 	  	Lot	  	 	200.00	 	  	 	200.00	 
	02076	  	 Demo & abandon existing plumbing drains
	  	 	12	 	  	 Man hours
	  	 	47.53	 	  	 	570.36	 
	02080	  	 Conc cut, demo & dispose - sink installs
	  	 	60	 	  	Sq. Ft.	  	 	13.00	 	  	 	780.00	 
	02081	  	 Conc cut, demo-undergound elect & piping
	  	 	14	 	  	Sq. Ft.	  	 	13.00	 	  	 	182.00	 
	03030	  	 Replace concrete-sink install
	  	 	60	 	  	Sq. Ft.	  	 	18.00	 	  	 	1,080.00	 
	03031	  	 Replace concrete-underground elect &piping
	  	 	14	 	  	Sq. Ft.	  	 	18.00	 	  	 	252.00	 
	03034	  	 Conc slab crack-grind open & fill w/ Sika
	  	 	280	 	  		  	 	2.35	 	  	 	658.00	 
	06200	  	 Install mid-span support-Chem Lab ceiling
	  	 	1	 	  	Lot	  	 	488.15	 	  	 	488.15	 
	06400	  	 Cabinetry-relocate/modify existing
	  	 	1	 	  	 Allowance
	  	 	2,000.00	 	  	 	2,000.00	 
	06410	  	 Cabinetry-new Saron counter top
	  	 	28	 	  	Sq. Ft.	  	 	48.00	 	  	 	1,344.00	 
	07210	  	 Insulation-R19 faced-Existing @ mezz-repair
	  	 	1	 	  	Lot	  	 	1,638.5	 	  	 	1,638.25	 
	07211	  	 Insulation - R11
	  	 	1	 	  	Lot	  	 	1,098.25	 	  	 	1,098.25	 
	07212	  	 Insulation-R-30 at
roof of CV-2A only
	  	 	1	 	  	Lot	  	 	13,650.00	 	  	 	13,650.00	 
	07215	  	 Insulation-R13-in
partition walls
	  	 	3,360	 	  	Sq. Ft	  	 	1.15	 	  	 	3,864.00	 
	07216	  	 R-19 insulation in 6” walls-Chem Lab
	  	 	1,080	 	  	Sq. Ft	  	 	1.45	 	  	 	1,566.00	 
	07217	  	 R-30 insulation in ceiling of Chem Lab
	  	 	900	 	  	Sq. Ft.	  	 	1.85	 	  	 	1,665.00	 
	07700	  	 Roof repair work
	  	 	4	 	  	Lot	  	 	750.00	 	  	 	3,000.00	 
	08331	  	 Repair 2 roll-up doors at Warehouse
	  	 	2	 	  	Each	  	 	1,208.00	 	  	 	2,416.00	 
	08500	  	 Metal window frame & install-5-0x4-0 ea
	  	 	6	 	  	Each	  	 	392.20	 	  	 	2,353.20	 
	08501	  	 Window w/ Pyran fire safety
glass-1-hr rating
	  	 	1	 	  	 Allowance
	  	 	750.00	 	  	 	750.00	 
	08801	  	 Door-stain birch-frame-side lite-8 ft-hrdwre-ins
	  	 	4	 	  	Lot	  	 	950.00	 	  	 	3,800.00	 
	08802	  	
Doors-6-0x8-0,
 stain grade, hardware,install
	  	 	4	 	  	Each	  	 	1,100.00	 	  	 	4,400.00	 
	08803	  	 Install doors saved for re-use
	  	 	14	 	  	Lot	  	 	150.00	 	  	 	2,100.00	 
	08804	  	
Door-3-0x8-0,
 stain grade, hardware, installed
	  	 	4	 	  	Lot	  	 	800.00	 	  	 	3,200.00	 
	08805	  	 Replace door access hardware to match CV1
	  	 	22	 	  	Each	  	 	130.00	 	  	 	2,860.00	 
	08806	  	Kick plates-stainless-installed	  	 	14	 	  	Each	  	 	44.57	 	  	 	623.98	 
	08807	  	Door closers-installed	  	 	8	 	  	Each	  	 	155.00	 	  	 	1,240.00	 
	09104	  	Frame & drywall - H=10-ft, per 9/14 plan	  	 	1	 	  	Lot	  	 	28,600.00	 	  	 	28,600.00	 
	09105	  	Frame & drywall-ceiling Chem Lab-9/14 plan	  	 	900	 	  	Sq. Ft.	  	 	11.12	 	  	 	10,008.00	 
	09107	  	Drywall-recessed boxes for lights 1-hr	  	 	16	 	  	Each	  	 	95.00	 	  	 	1,520.00	 
	09108	  	Frame & drywall-combo fire/smoke dampers	  	 	7	 	  	Each	  	 	250.00	 	  	 	1,750.00	 
	09109	  	Drywall furring & details at A-frame exposed	  	 	1	 	  	 Allowance
	  	 	975.00	 	  	 	975.00	 
	09110	  	Drywall-cut-patch-finish-T24 outlets	  	 	9	 	  	Each	  	 	375.00	 	  	 	3,375.00	 

  
 1 of 3 

G: Leases and Amendments/Aliso/Calhoun Fourth Amendment 

- 5 - 

 Cost of Tenant Improvements (Continued) 

 

			
	 Tenant
Improvement-CV-2A    Attachment C
	  	J. S. Shafer & Associates, Inc.
	 100 Columbia, Suite 100
	  	Schedule of Values
	 Aliso Viejo, CA 92656
	  	Job No. 2362
	 blank
	  	08/29/16

  

																	
	 CSI
	  	 Item Description
	  	Count	 	  	 Unit
	  	Unit
Cost	 	  	Item Values	 
	09115	  	Backing supports-2 rows-in walls-Rm 154	  	 	60	 	  	Ln. Ft.	  	 	5.50	 	  	 	330.00	 
	09512	  	T-bar grid-new-office area-standard tile	  	 	2,564	 	  	Sq. Ft.	  	 	3.74	 	  	 	9,589.36	 
	09513	  	T-bar & Gridstone-148,148,150,153,154,155	  	 	2,000	 	  	Sq. Ft.	  	 	4.65	 	  	 	9,300.00	 
	09514	  	Replace ceiling tile w/ matching CV-1 tile	  	 	2,976	 	  	Sq. Ft.	  	 	1.56	 	  	 	4,642.56	 
	09515	  	Install hard washable ceiling tile in Rest Rms	  	 	500	 	  	Sq. Ft.	  	 	2.65	 	  	 	1,325.00	 
	09666	  	Vinyl ESD flooring - Rm 153 Hardware Dev	  	 	580	 	  	Sq. Ft.	  	 	7.92	 	  	 	4,593.60	 
	09675	  	Sheet vinyl-Rm 154 - Upgraded material	  	 	900	 	  	Sq. Ft.	  	 	9.34	 	  	 	8,406.00	 
	09676	  	Sheet vinyl-Rest Rooms-Coved-Upgrade mtl	  	 	500	 	  	Sq. Ft.	  	 	8.20	 	  	 	4,100.00	 
	09677	  	VCT flooring - NIC - by others	  	 	1	 	  	Lot	  	 	1.00	 	  	 	1.00	 
	09678	  	Carpet tile - NIC - by others	  	 	1	 	  	Lot	  	 	1.00	 	  	 	1.00	 
	09678	  	 Vinyl-rubber wall base - NIC - by others
	  	 	1	 	  	Lot	  	 	1.00	 	  	 	1.00	 
	09910	  	 Finish new & existing doors-stain-clear coat
	  	 	29	 	  	Each	  	 	75.00	 	  	 	2,175.00	 
	09966	  	 Vinyl ESD floor-buff & polish-ESD
procedure
	  	 	1	 	  	Lot	  	 	575.00	 	  	 	575.00	 
	09970	  	 FRP-replace in rest rooms
	  	 	1	 	  	Lot	  	 	2,100.00	 	  	 	2,100.00	 
	09990	  	 Painting-interior-walls-all except Rm 154
	  	 	18,324	 	  	 Sq. Ft.
	  	 	0.88	 	  	 	16,125.12	 
	09991	  	 Painting-interior-Rm
152-Epoxy
	  	 	1,080	 	  	 Sq. Ft.
	  	 	1.70	 	  	 	1,836.00	 
	09992	  	 Painting-ceiling of Rm 152-Epoxy
	  	 	900	 	  	 Sq. Ft
	  	 	1.97	 	  	 	1,773.00	 
	09995	  	 Paint west stair shaft & drywall repair
	  	 	1	 	  	Allowance	  	 	750.00	 	  	 	750.00	 
	09996	  	 Detail painting-A frame exposed
	  	 	1	 	  	Lot	  	 	400.00	 	  	 	400.00	 
	10400	  	Signage-code required only	  	 	1	 	  	Lot	  	 	420.00	 	  	 	420.00	 
	10520	  	Fire extinguisher cabinets	  	 	4	 	  	Each	  	 	262.00	 	  	 	1,048.00	 
	10600	  	 Toilet
partitions-new-stainless
	  	 	1	 	  	Lot	  	 	9,017.00	 	  	 	9,017.00	 
	10800	  	 Toilet accessories-new
	  	 	1	 	  	Lot	  	 	4,887.00	 	  	 	4,887.00	 
	11000	  	Assist CV installations of equipment-Allow	  	 	40	 	  	CrewHours	  	 	90.51	 	  	 	3,620.40	 
	12512	  	Louver blinds-installed	  	 	76	 	  	Each	  	 	131.00	 	  	 	9,956.00	 
	12526	  	Remove & replace window films	  	 	1	 	  	Lot	  	 	1.00	 	  	 	1.00	 
	15310	  	Nitrogen-extend existing & 5 points of service	  	 	1	 	  	Allowance	  	 	4,500.00	 	  	 	4,500.00	 
	15315	  	Compressed air-extend exist-10 points svc	  	 	1	 	  	Allowance	  	 	6,500.00	 	  	 	6,500.00	 
	15316	  	Clean water-extend to sinks in labs	  	 	1	 	  	Allowance	  	 	1,800.00	 	  	 	1,800.00	 
	15401	  	New condensate piping	  	 	1	 	  	Allowance	  	 	1,000.00	 	  	 	1,000.00	 
	15405	  	Dig trenches & backfill-sink drains, electrical	  	 	1	 	  	Lot	  	 	1,000.00	 	  	 	1,000.00	 
	15449	  	Underground sewer pipe explore & video	  	 	1	 	  	Lot	  	 	750.00	 	  	 	750.00	 
	15450	  	Plumbing per plans P-1 & P-2 dated 7/20/16	  	 	1	 	  	Allowance	  	 	17,500.00	 	  	 	17,500.00	 
	15451	  	Install CV’s sink &disposer-ice mkrCoffee Bar	  	 	1	 	  	Allowance	  	 	1,500.00	 	  	 	1,500.00	 
	15455	  	Replace toilets, lavs, urinals-install hands free	  	 	1	 	  	Lot	  	 	10,629,00	 	  	 	10,629.00	 
	15456	  	Repair trap primers-R/Rs	  	 	1	 	  	Allowance	  	 	1,400.00	 	  	 	1,400.00	 
	15620	  	 Hvac-air balance &
report-per unit
	  	 	1	 	  	Lot	  	 	4,995.00	 	  	 	4,995.00	 
	15650	  	 Hvac-pads for new compressors
	  	 	2	 	  	 Each
	  	 	1,500.00	 	  	 	3,000.00	 
	15800	  	Hvac-Rm 154-Chem Lab-negative press-16x	  	 	1	 	  	Allowance	  	 	30,000.00	 	  	 	30,000.00	 
	15801	  	 Hvac-Rm 128-Optics
Lab-positive pressure
	  	 	1	 	  	Allowance	  	 	10,000.00	 	  	 	10,000.00	 
	15802	  	 Hvac-Balance of areas - 5 existing machines
	  	 	1	 	  	Allowance	  	 	20,000.00	 	  	 	20,000.00	 
	15803	  	 Install 2 Labconco exhaust fans & systems
	  	 	1	 	  	Allowance	  	 	25,000.00	 	  	 	25,000.00	 
	15865	  	 Combo fire & smoke dampers-Rm 154 1-hr
	  	 	7	 	  	 Each
	  	 	650.00	 	  	 	4,550.00	 
	15883	  	Install HEPA filter units, HEPA units NIC	  	 	6	 	  	Allowance	  	 	800.00	 	  	 	4,800.00	 
	15900	  	 Fire sprinklers-adjust head locations
	  	 	1	 	  	Lot	  	 	12,644.00	 	  	 	12,644.00	 
	16400	  	Electricl-demo safe-off	  	 	1	 	  	Lot	  	 	2,000.00	 	  	 	2,000.00	 
	16401	  	Electrical-distributed power outlets & data	  	 	1	 	  	Lot	  	 	31,055.35	 	  	 	31,055.35	 
	16408	  	Electrical-add 2 -120-208 panels w/ feeders	  	 	1	 	  	Lot	  	 	2,471.65	 	  	 	2,471.65	 

  

  
 2 of 3 

 
  

G: Leases and Amendments/Aliso/Calhoun Fourth Amendment 

- 6 - 

 Cost of Tenant Improvements (Continued) 

 

  

			
	 Tenant
Improvement-CV-2A    Attachment C
	  	J. S. Shafer & Associates, Inc.
	 100 Columbia, Suite 100
	  	Schedule of Values
	 Aliso Viejo, CA 92656
	  	Job No. 2362
	 blank
	  	08/29/16

  

																	
	 CSI
	  	 Item Description
	  	Count	 	  	 Unit
	  	Unit
Cost	 	  	Item Values	 
	16413	  	 Emergency power-175 amp transfer switch
	  	 	1	 	  	 Lot
	  	 	2,532.60	 	  	 	2,532.60	 
	16414	  	 Emer power-panel, xfmr, disconnect, feeders
	  	 	1	 	  	 Allowance
	  	 	6,737.55	 	  	 	6,737.55	 
	16415	  	 Install grounding buss in CV-2A IT room
	  	 	1	 	  	 Lot
	  	 	455.00	 	  	 	455.00	 
	16416	  	 Power to 2 new hvac
units-H-8 & H-25
	  	 	1	 	  	 Lot
	  	 	2,863.85	 	  	 	2,863.85	 
	16417	  	 Power to 2 Labconco exhaust hoods & fans
	  	 	1	 	  	 Lot
	  	 	5,747.17	 	  	 	5,747.17	 
	16474	  	 Replace deteriorated seal-tite-roof hvac units
	  	 	1	 	  	 Lot
	  	 	2,876.98	 	  	 	2,876.98	 
	16475	  	 Install power/data/video in concfloor-Rm 130
	  	 	1	 	  	 Assembly
	  	 	1,593.83	 	  	 	1,593.83	 
	16476	  	 Install power & data in floor box
	  	 	1	 	  	 Lot
	  	 	887.00	 	  	 	887.00	 
	16511	  	 Light fixtures-Exit
	  	 	9	 	  	 Each
	  	 	125.00	 	  	 	1,125.00	 
	16512	  	 Light fixtures-2×4 LED
	  	 	105	 	  	 Each
	  	 	131.00	 	  	 	13,755.00	 
	16514	  	 Install 2×4 LED fixtures on Emer circuit
	  	 	23	 	  	 Lot
	  	 	211.27	 	  	 	4,859.21	 
	16515	  	 Install 2×4 LED fixtures
	  	 	98	 	  	 Lot
	  	 	270.20	 	  	 	26,479.60	 
	16600	  	 Install overhead quad outlets on flex cords
	  	 	6	 	  	 Allowance
	  	 	270.00	 	  	 	1,620.00	 
	16650	  	 Install power to HEPA filter units
	  	 	6	 	  	 Allowance
	  	 	300.00	 	  	 	1,800.00	 
	16720	  	 Fire alarm system-B occupancy
	  	 	1	 	  	 Lot
	  	 	18,983.00	 	  	 	18,983.00	 
	16721	  	 Fire alarm system 1-hr conditions &
ducts
	  	 	1	 	  	 Lot
	  	 	9,704.00	 	  	 	9,704.00	 
	16723	  	 Fire alarm system-conduit install
	  	 	1	 	  	 Allowance
	  	 	2,500.00	 	  	 	2,500.00	 
	16930	  	 Title 24 contol zones-lighting only
	  	 	1	 	  	 Lot
	  	 	23,478.85	 	  	 	23,478.85	 
	16931	  	 T-24 power outlets & controls
	  	 	1	 	  	 Lot
	  	 	9,467.35	 	  	 	9,467.35	 
		  		  				  		  				  	  
	  
	 
		  		  				  		  				  	 	667,921.07	 
						
	17100	  	 Contractors Contingency
	  				  		  	 	2.00	% 	  	 	13,358.42	 
						
	17200	  	 Contractors Overhead & Profit
	  				  		  	 	8.00	% 	  	 	54,502.36	 
						
	17300	  	 Contractor’s Insurance
	  				  		  	 	1.50	% 	  	 	11,036.73	 
		  		  				  		  				  	  
	  
	 
	 Total Cost Per Agreement and Plans
	  				  		  				  	 	746,818.58	 

  
 3 of 3 

 
  

G: Leases and Amendments/Aliso/Calhoun Fourth Amendment 

- 7 - 

 Attachment B 

 
 

 
 •     Yellow highlighted area to be put back to its original
configuration 
 At the termination of the lease 

  
 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 8 - 

 Attachment B 

 
 

 
 •    Yellow highlighted area to be put back to its original configuration

 At the termination of the lease 

  
 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 8 - 

 Attachment C 

CONFIDENTIAL 
 Calhoun Vision,
Inc. 
 Statement of Cash Flows 

For the Period Ended 
  

													
	 	  	Audited
Year Ending
31-Dec-15	 	 	Unaudited
Month
30-Sep-16	 	 	Unaudited
YTD as of
30-Sep-16	 
	 Cash Flows From Operating Activities:
	  				 				 			
	 Net loss
	  	$	(19,810,954	) 	 	$	(1,859,886	) 	 	$	(16,503,122	) 
	 Adjustments to reconcile net loss to net cash used in operating activities
	  				 				 			
	 Depreciation and amortization
	  	 	390,846	 	 	 	107,736	 	 	 	635,737	 
	 Amortization of deferred loan costs and debt discount
	  	 	85,626	 	 	 	—  	 	 	 	1,229	 
	 Revaluation of convertible preferred stock warrant liability
	  	 	(207,442	) 	 	 	—  	 	 	 	—  	 
	 Bad debt expense
	  	 	16,119	 	 	 	—  	 	 	 	—  	 
	 Stock-based compensation
	  	 	2,400,260	 	 	 	165,000	 	 	 	1,485,000	 
	 Impairment of long-lived assets
	  	 	1,834,461	 	 	 	—  	 	 	 	—  	 
	 Change in operating assets and liabilities
	  				 				 			
	 Accounts receivable
	  	 	(90,730	) 	 	 	—  	 	 	 	—  	 
	 Inventory, net
	  	 	(297,199	) 	 	 	(122,791	) 	 	 	(290,748	) 
	 Prepaid expenses and other assets
	  	 	(235,489	) 	 	 	3,340	 	 	 	(273	) 
	 Accounts payable
	  	 	509,238	 	 	 	(30,420	) 	 	 	(759,086	) 
	 Accrued expenses and other current liabilities
	  	 	509,936	 	 	 	335,734	 	 	 	(128,153	) 
	 Deferred rent
	  	 	(5,133	) 	 	 	47,963	 	 	 	95,147	 
	 Other non current liability
	  	 	—  	 	 	 	(6,204	) 	 	 	461,538	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net cash used in operating activities
	  	 	(14,900,461	) 	 	 	(1,359,528	) 	 	 	(15,002,731	) 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Cash Flows From Investing Activities:
	  				 				 			
	 Purchases of property and equipment
	  	 	(1,075,426	) 	 	 	(401,981	) 	 	 	(4,223,082	) 
	 Additions to construction in progress
	  	 	(284,863	) 	 	 	—  	 	 	 	—  	 
	 Purchase of short-term investments
	  	 	(22,964,313	) 	 	 	(14,142,686	) 	 	 	(16,134,686	) 
	 Maturity of short-term investments
	  	 	—  	 	 	 	16,996,000	 	 	 	22,990,915	 
	 Increase in restricted cash
	  	 	(800,037	) 	 	 	(24	) 	 	 	(218	) 
	 Increase in security deposits
	  	 	(87,133	) 	 	 	—  	 	 	 	—  	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net cash used in investing activities
	  	 	(25,211,772	) 	 	 	2,451,309	 	 	 	2,632,929	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Cash Flows From Financing Activities:
	  				 				 			
	 Proceeds from issuance of convertible notes
	  	 	5,660,000	 	 	 	—  	 	 	 	—  	 
	 Proceeds from issuance of convertible preferred stock, net of issuance costs
	  	 	50,783,752	 	 	 	—  	 	 	 	11,474	 
	 Proceeds from exercise of warrants
	  	 	—  	 	 	 	102,500	 	 	 	102,500	 
	 Notes receivable issued to related party
	  	 	(4,715	) 	 	 	(1,793	) 	 	 	(251,097	) 
	 Proceeds from stock options exercised
	  	 	256,747	 	 	 	7,350	 	 	 	842,086	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net cash provided by financing activities
	  	 	56,695,784	 	 	 	108,057	 	 	 	704,963	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Net increase in cash
	  	 	16,583,551	 	 	 	1,199,838	 	 	 	(11,664,839	) 
	 Cash and cash equivalents - beginning of period
	  	 	2,844,570	 	 	 	6,563,444	 	 	 	19,428,121	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Cash and cash equivalents - end of period
	  	$	19,428,121	 	 	$	7,763,282	 	 	$	7,763,282	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Cash including ST investments and restricted cash, beginning of period
	  	 	2,844,570	 	 	 	26,358,019	 	 	 	43,151,418	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Cash including ST investments and restricted cash - end of period
	  	$	43,151,418	 	 	$	24,696,755	 	 	$	24,696,756	 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 9 - 

 Attachment C (Continued) 

CONFIDENTIAL 
 Calhoun Vision,
Inc. 
 Balance Sheet 
  

									
	 	  	Audited
12/31/2015	 	 	Unaudited
9/30/2016	 
	 Assets
	  				 			
	 Current Assets
	  				 			
	 Cash and cash equivalents
	  	$	19,428,121	 	 	$	7,763,282	 
	 Short-term investments
	  	 	22,923,260	 	 	 	16,133,219	 
	 Inventory, net
	  	 	113,424	 	 	 	404,172	 
	 Accounts receivable
	  	 	—  	 	 	 	—  	 
	 Prepaid expenses and other assets
	  	 	507,809	 	 	 	482,112	 
		  	  
	  
	 	 	  
	  
	 
	 Total current assets
	  	 	42,972,614	 	 	 	24,782,785	 
			
	 Property and equipment, net
	  	 	1,755,471	 	 	 	5,342,817	 
	 Restricted cash
	  	 	800,037	 	 	 	800,254	 
	 Other assets
	  	 	108,606	 	 	 	134,511	 
		  	  
	  
	 	 	  
	  
	 
	 Total assets
	  	$	45,636,728	 	 	$	31,060,367	 
		  	  
	  
	 	 	  
	  
	 
	 Liabilities, convertible preferred stock and stockholders’ deficit
	  				 			
	 Current liabilities
	  				 			
	 Accounts payable
	  	$	1,199,912	 	 	$	440,826	 
	 Accrued expenses and other current liabilities
	  	 	1,234,255	 	 	 	1,106,102	 
	 Convertible notes
	  	 	1,998,837	 	 			
		  	  
	  
	 	 	  
	  
	 
	 Total current liabilities
	  	 	4,433,004	 	 	 	1,546,928	 
	 Other liabilities
	  	 	858,248	 	 	 	1,414,933	 
		  	  
	  
	 	 	  
	  
	 
	 Total liabilities
	  	 	5,291,252	 	 	 	2,961,861	 
		  	  
	  
	 	 	  
	  
	 
	 Commitments and contingencies
	  				 			
			
	 Convertible preferred stock
	  				 			
	 Series A - G, convertible preferred stock
	  	 	140,732,667	 	 	 	142,846,641	 
			
	 Stockholders’ deficit
	  				 			
	 Common Stock
	  	 	20,321	 	 	 	22,482	 
	 Additional paid-in capital
	  	 	8,745,179	 	 	 	11,070,102	 
	 Accumulated other comprehensive loss
	  	 	(41,053	) 	 	 	25,135	 
	 Accumulated deficit
	  	 	(108,684,153	) 	 	 	(125,187,273	) 
	 Due from related party
	  	 	(427,485	) 	 	 	(678,581	) 
		  	  
	  
	 	 	  
	  
	 
	 Total stockholders’ deficit
	  	 	(100,387,191	) 	 	 	(114,748,134	) 
		  	  
	  
	 	 	  
	  
	 
	 Total liabilities, convertible preferred stock and stockholders’ deficit
	  	$	45,636,728	 	 	$	31,060,367	 
		  	  
	  
	 	 	  
	  
	 

  
 G: Leases and
Amendments/Aliso/Calhoun Fourth Amendment 
 - 10 -

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