Document:

EX-10.6

 Exhibit 10.6 

SUBLEASE 
 THIS SUBLEASE
(“Sublease”) dated June 5, 2019 for purposes of reference, is entered into by and between PNEUMRX, INC., a Delaware corporation (“Sublandlord”), and MINERVA SURGICAL, INC., a Delaware corporation
(“Subtenant”) 
 RECITALS 

A. Pursuant to that certain Lease dated as of November 6, 2015, as amended by that certain First Amendment to Lease dated
January 20, 2016 (collectively, “Master Lease”), Sublandlord, as tenant, leases from WASHCOP I LIMITED PARTNERSHIP, a Delaware partnership (the “Landlord”), approximately 32,719 rentable square feet of office,
research and development, light medical manufacturing and laboratory space located at 4255 Burton Drive, Santa Clara, California (the “Master Lease Premises”) in the office building located at 4251-4255 Burton Drive, Santa Clara,
California (the “Building”). 
 B. A copy of the Master Lease is attached hereto as
Exhibit A. Subtenant acknowledges that it has reviewed a copy of the Master Lease and is fully familiar with the provisions thereof. 

C. Subject to the terms and conditions of this Sublease, Subtenant desires to sublease from Sublandlord, and Sublandlord desires to sublease
to Subtenant the entire Master Lease Premises, which shall comprise the Subleased Premises, as defined herein. 
 D. Terms capitalized
herein but not otherwise defined shall have the meaning given to them in the Master Lease. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged by the parties, Sublandlord and Subtenant hereby agree as follows: 
 1. Sublease. 

1.1 Subleased Premises. Subject to the receipt of the Consent (as defined in Section 1.2 below), Sublandlord
hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord the entire Master Lease Premises (the “Subleased Premises”). 

1.2 Consent. This Sublease and Subtenant’s and Sublandlord’s obligations hereunder are expressly conditioned upon the
execution by Landlord of a written consent to this Sublease as may be required by Landlord and are reasonably acceptable to Sublandlord and Subtenant (the “Consent”). Subtenant shall promptly deliver to Sublandlord any information
reasonably requested by Landlord in connection with Landlord’s approval of this Sublease. In the event the Consent is not fully executed and delivered within forty five (45) days after the date of this Sublease (which period may be
extended by Sublandlord day-for-day if Subtenant delays in providing any reasonable information, signatures or documents required by Landlord in connection with
providing its consent), Sublandlord shall have the right to cancel this Sublease by giving written notice of such cancellation to Subtenant at any time after such 45-day period (as the same may be extended
pursuant to this Section 1.2) and prior to receipt of the fully executed Consent, whereupon Sublandlord shall promptly refund to Subtenant all amounts previously paid by Subtenant to Sublandlord in connection with this
Sublease and thereafter neither party shall have any further rights or obligations hereunder. Sublandlord shall pay for any fees paid to Landlord in connection with Landlord’s consent to this Sublease. 

 2. Term and Early Access. 

2.1 Term. Subject to receipt of the Consent and the Security Deposit, the term of this Sublease (the “Term”) shall
commence on the earlier to occur of (a) July 1, 2019 or (b) the date that Subtenant commences beneficial occupancy of the Subleased Premises (the “Commencement Date”) and shall end at 11:59 p.m. on May 31, 2023 (the
“Expiration Date”), unless sooner terminated pursuant to any provision hereof. Subtenant has no right to retain possession of the Subleased Premises or any part thereof beyond the expiration or earlier termination of this Sublease.
Subject to receipt of the Consent and the Security Deposit, and provided Subtenant has delivered evidence of all insurance as required pursuant to Article 11 of the Master Lease and as required hereunder, Subtenant shall be granted access to the
Premises during business hours only not earlier than June I, 2019 for the purpose of facilitating validation of cleanroom. 
 2.2
Condition of Subleased Premises. Subtenant shall have the right to use of the furniture, equipment and fixtures remaining in the Master Lease Premises on the Commencement Date, without representation or warranty and in its present “as
is” condition (the “FF&E”)( See Exhibit B for a detailed listing). Subtenant agrees that Sublandlord has no obligation to perform any alterations, repairs or improvements therein or thereto or to provide any
allowance therefor. No representations have been made to Subtenant concerning the condition of the Master Lease Premises or the FF&E, nor have any promises to alter or improve the Master Lease Premises or FF&E been made by Sublandlord or any
party on behalf of Sublandlord. Subtenant shall be permitted to use the FF&E throughout the Sublease Term, and shall generally maintain and repair the same. Provided that Subtenant is not in default of the terms of this Sublease and has timely
surrendered the Master Lease Premises in accordance with this Sublease, for $1.00, the receipt of which is hereby acknowledged by Sublandlord, title to the FF&E shall transfer to Subtenant on the Expiration Date of this Sublease without the need
for either party to execute any additional documents. If Subtenant is in default at the time of expiration or earlier termination of the Sublease, Sublandlord may, at its option, elect by delivery of written notice to retain title to the FF&E.
Sublandlord shall have no obligation to furnish, render, pay for, consent to or supply any work, labor, services, materials, furniture, fixtures, equipment, decorations or other items to make the Subleased Premises ready or suitable for
Subtenant’s occupancy. 
 3. Rent. 

3.1 Base Rent. Subtenant shall pay to Sublandlord base rent for the Subleased Premises (“Base Rent”) for the initial
year of the Term in a monthly amount equal to Sixty Five Thousand Four Hundred Thirty Eight Dollars ($65,438.00). Notwithstanding the foregoing, provided so long as no Default occurs and be continuing by Subtenant under the Sublease, no Base Rent
shall be due during the initial ten (10) full months of the Term (however, Additional Rent shall be due and payable during such time). In the event of any uncured Default by Subtenant at any time during the Term, the full amount of all abated
Base Rent shall be deemed immediately due and payable to Sublandlord, in addition to all other rights and remedies of Sublandlord. Upon the first anniversary of the Commencement Date and annually thereafter, Base Rent shall increase by three
percent (3%). Base Rent shall be paid without deduction or offset on the first day of each month of the Term from and after the first day of the second month of the Term. If the Term does not begin on the first day of a calendar month or end on
the last day of a calendar month, the monthly Base Rent for any such partial month shall be prorated by multiplying the monthly Base Rent by a fraction, the numerator of which is the number of days of the partial calendar month included in the Term
and the denominator of which is the total number of days in the full calendar month. All Rent (as defined below) shall be payable in lawful money of the United States to Sublandlord at the address stated herein or to such other persons or at such
other places as Sublandlord may designate in writing. 

  
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 3.2 Advanced Payment of Base Rent and Security Deposit; Payment of Monthly Base Rent.
Concurrently with Subtenant’s execution and delivery of this Sublease to Sublandlord, and within 7 days of receiving Consent from Landlord, Subtenant will deliver to Sublandlord (i) Sixty Five Thousand Four Hundred Thirty Eight Dollars
($65,438.00) in consideration of the first month of Base Rent payable under the Sublease and (ii) an amount equal to Five Hundred Twenty Three Thousand Five Hundred Four Dollars ($523,504.00), which amount shall be held, pursuant to
Section 4 below, by Sublandord as security for Subtenant’s full and faithful performance hereunder (the “Security Deposit”). 

3.3 Additional Charges for Taxes, Assessments and Operating Expenses; Advanced Payment. Subtenant shall, during the Term of this
Sublease, pay all Taxes, Assessments and Operating Expenses, and all other charges and other amounts whatsoever payable by Tenant under the Master Lease, in accordance with the Master Lease whether or not expressly designated as “rent”.
For purposes of this Sublease, “Subtenant’s Share” be equal to 100% of the rentable square footage of the Subleased Premises, which is equal to 100% of the rentable square footage of the Master Lease Premises. Concurrently with
Subtenant’s execution and delivery of this Sublease to Sublandlord, Subtenant deliver to Sublandlord an amount equal to $1,363.29 for the first month’s estimated Operating Expenses. 

3.4 Rent. As used in this Sublease, the term “Rent” shall mean, collectively, Base Rent for the Subleased Premises,
Additional Rent payable under the Master Lease (including Taxes), and all other sums payable by Subtenant to Sublandlord under this Sublease, whether or not expressly designated as “rent”, all of which are deemed and designated as rent
pursuant to the terms of this Sublease. 
 3.5 Utilities and Services. Subject to the terms of Article 7 of the Master Lease,
Subtenant shall be responsible for arranging for, and direct payment of any and all costs, for water, electricity, natural gas or other utilities serving the Subleased Premises, all such utilities used by Subtenant in the Subleased Premises. Utility
service to the Subleased Premises may be furnished by one or more companies. Landlord shall have the exclusive right to reasonably designate any company providing utility service to the Subleased Premises. Sublandlord shall have no responsibility or
liability with respect to any utilities provided to the Subleased Premises. 

  
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 4. Security Deposit. 

4.1 Cash Deposit. The Security Deposit is not an advance Rent deposit, an advance payment of any other kind, or a measure of
Sublandlord’s damage in case of Subtenant’s default. If Subtenant is in default under or otherwise fails to perform any obligation of this Sublease, including but not limited to the provisions relating to the payment of Rent, then
Sublandlord, without prejudice to any other right or remedy it may have, may use, apply or retain all or any part of the Security Deposit for the payment of any Rent or any other amount which Sublandlord may spend or become obligated to spend by
reason of Subtenant’s default or failure to perform, to repair damages to any part of the Subleased Premises or the Building, to clean the Subleased Premises or to compensate Sublandlord for any other loss or damage which Sublandlord may suffer
by reason of Subtenant’s breach. Following any application of the Security Deposit, as applicable, Subtenant shall, within five (5) days following Sublandlord’s demand, restore the Security Deposit to their full original amount, as
applicable, and Subtenant’s failure to restore the Security Deposit shall be deemed a Default hereunder without the necessity of any additional notice or cure period. In the event of bankruptcy or other insolvency proceedings filed by or
against Subtenant, the Security Deposit shall be deemed to be applied first to the payment of Rent and other charges due Sublandlord for all periods prior to the effective date of such proceedings. Sublandlord shall not be required to keep the
Security Deposit separate from its general funds, and Subtenant shall not be entitled to interest on the Security Deposit. If Subtenant shall fully and faithfully perform every provision of this Sublease to be performed by it, the Security Deposit
or any unapplied balance thereof shall be returned to Subtenant within forty-five (45) days following the later to occur of (x) the Expiration Date and (y) Subtenant’s vacation and surrender of the Subleased Premises and
completion of all repairs, restoration and renewal obligations hereunder. 
 4.2 Letter of Credit. 

4.2.1 Generally. At Subtenant’s election, and in lieu of the Security Deposit required under the terms of Section 4.1 above,
concurrently with Subtenant’s execution and delivery of this Sublease to Sublandlord, Subtenant shall deliver to Sublandlord, as collateral for the full performance by Subtenant of all of its obligations under this Sublease (including, but not
limited to, any post lease termination damages under Section 1951.2 of the California Civil Code), a standby, unconditional, irrevocable, transferable (with Subtenant responsible for the payment of any transfer fee or charge imposed by the
Issuing Bank, as defined below) letter of credit (the “Letter of Credit”) in such form approved in writing in advance by Sublandlord, and containing the terms required herein, in the face amount of the Letter of Credit Amount, as
set forth in Section 3.2.2, naming Sublandlord as beneficiary, issued (or confirmed) by a financial institution reasonably acceptable to Sublandlord (the “Issuing Bank”), permitting multiple and partial draws thereon from a
location in San Francisco, California (or, alternatively, permitting draws via overnight courier or facsimile in a manner reasonably acceptable to Sublandlord), and otherwise in form acceptable to Sublandlord in its reasonable discretion. The Letter
of Credit shall be “callable” at sight upon presentation of the statement required thereunder, permit partial draws and multiple presentations and drawings, and be otherwise subject to the International Standby Practices-ISP 98, International Chamber of Commerce Publication #590. In the event of an assignment by Subtenant of its interest in this Sublease (and irrespective of whether Sublandlord’s consent is required
for such assignment), the acceptance of any replacement or substitute letter of credit by Sublandlord from the assignee shall be subject to Sublandlord’s prior written approval, in Sublandlord’s commercially reasonable discretion, and the
attorneys’ fees incurred by Sublandlord in connection with such determination shall be payable by Subtenant to Sublandlord within ten (10) Business Days after billing. Subtenant shall cause the Letter of Credit to be continuously
maintained in effect (whether through replacement, amendment, renewal or extension) in the Letter of Credit Amount through the date (the “Final LC Expiration Date”) that is the later to occur of (x) the date that is
sixty (60) days after the scheduled expiration of the Term and (y) the date that is sixty (60) days after Subtenant vacates the Subleased Premises. In furtherance of the foregoing, the Letter of Credit must contain a so-called “evergreen provision,” whereby the Letter of Credit automatically will be renewed unless at least thirty (30) days’ prior written notice of
non-renewal is provided by the Issuing Bank to Sublandlord; provided, however, that the final expiration date identified in the Letter of Credit, beyond which the Letter of Credit shall not renew
automatically, shall not be earlier than the Final LC Expiration Date. Subtenant shall neither assign nor encumber the Letter of Credit or any part thereof. Neither Sublandlord nor its successors or assigns will be bound by any assignment,
encumbrance, attempted assignment or attempted encumbrance by Subtenant in violation of this Section 21.3(a). If the Letter of Credit held by Sublandlord expires earlier than the Final LC Expiration Date (whether by reason of a stated
expiration date or a notice of termination or non-renewal given by the Issuing Bank), Subtenant shall deliver a new or amended Letter of Credit or certificate of renewal or extension to Sublandlord not later
than thirty (30) days prior to the expiration or termination of the Letter of Credit then held by Sublandlord. Any renewal, amended or replacement Letter of Credit shall comply with all of the provisions of this Section 21.3. 

  
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 4.2.2 Drawing under Letter of Credit. Sublandlord, or its then managing agent,
without prejudice to any other remedy provided in this Sublease or by law, shall have the right to draw down an amount up to the face amount of the Letter of Credit if any of the following shall have occurred or be applicable: (i) Subtenant is
in Default, (ii) Subtenant has failed to pay Rent timely and has filed a voluntary petition under the U.S. Bankruptcy Code or any State bankruptcy code (collectively, “Bankruptcy Code”), (iii) Subtenant has failed to pay
Rent timely and an involuntary petition has been filed against Subenant under the Bankruptcy Code, or (iv) the Issuing Bank has notified Sublandlord that the Letter of Credit will not be renewed or extended through the Final LC Expiration Date
and Subtenant fails timely to provide a replacement Letter of Credit pursuant to the requirements stated above (the events described in clauses (ii), (iii) and (iv) above, collectively, being referred to herein as an “Insolvency
Event”). Upon any such draw, Landlord may draw all or any part of the Letter of Credit as set forth in this Section 4.2. 

4.2.3 Use of Proceeds by Sublandlord. The proceeds of any draw upon the Letter of Credit that are not used to pay for damages for
which Subtenant then is liable under the Lease (the “Unused Proceeds”) shall be held as a cash Security Deposit pursuant to Section 4.1, and 4.2 hereof. Any Unused Proceeds shall be paid by Sublndlord to Subtenant (x) upon
receipt by Sublandlord of a replacement Letter of Credit in the full Letter of Credit Amount, which replacement Letter of Credit shall comply in all respects with the requirements of this Section 4.2, or (y) within thirty (30) days
after the Final LC Expiration Date. 
 4.2.4 Additional Covenants of Subtenant. 

(a) Replacement of Letter of Credit if Issuing Bank no longer satisfactory to Sublandlord. If, at any time during the Term, Sublandlord
determines that (A) the Issuing Bank is closed for any reason, whether by the Federal Deposit Insurance Corporation (“FDIC”), by any other governmental authority, or otherwise, or (B) the Issuing Bank fails to meet all of
the following ratings standards as to its short-term unsecured debt obligations (not supported by third-party credit enhancement): (w) “P-1” or better by Moody’s Investors Service, or its
successor, (x) “A-1” or better by Standard & Poor’s Rating Service, or its successor; (y) “Fl” or better by Fitch Ratings, or its successor; and (z) any
comparable rating from another rating agency acceptable to Sublandlord, or (C) the Issuing Bank is no longer considered to be well capitalized under the “Prompt Corrective Action” rules of the FDIC (as disclosed by the Issuing
Bank’s Report of Condition and Income (commonly known as the “Call Report”) or otherwise), or (D) the Issuing Bank has been placed into receivership by the FDIC, or has entered into any other form of regulatory or governmental
receivership, conservatorship or other similar regulatory or governmental proceeding, or otherwise is declared insolvent or downgraded by the FDIC or other governmental authority (any of the foregoing, an “Issuing Bank Credit
Event”), then, within ten (10) days following Sublandlord’s notice to Subtenant, Subtenant shall deliver to Sublandlord a new Letter of Credit meeting the terms of this Section 4.2 issued by an Issuing Bank meeting
Sublandlord’s then-current credit rating standards and otherwise reasonably acceptable to Sublandlord, in which event, Landlord shall return to Subtenant the previously held Letter of Credit. If Subtenant fails timely to deliver such
replacement Letter of Credit to Sublandlord, such failure shall be deemed a Default by Subtenant under this Sublease, without the necessity of additional notice or the passage of additional grace periods, entitling Sublandlord to draw upon the
Letter of Credit. 

  
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 (b) Replacement of Letter of Credit upon Draw. If, as result of any application or
use by Sublandlord of all or any part of the Letter of Credit, the amount of the Letter of Credit plus any cash proceeds previously drawn by Sublandlord and not applied pursuant to the terms of this Section 4.2 shall be less than the Letter of
Credit Amount, Subtenant shall, within ten (10) Business Days thereafter, provide Sublandlord with additional Letter(s) of Credit in an amount equal to the deficiency (or a replacement or amended Letter of Credit in the total Letter of Credit
Amount), and any such additional (or replacement or amended) Letter of Credit shall comply with all of the provisions of this Section 4.2; notwithstanding anything to the contrary contained in this Sublease, if Subtenant fails timely to comply
with the foregoing, the same shall constitute a Default by Subtenant under this Sublease, without the necessity of additional notice or the passage of additional grace periods. 

5. Parking. As per Master Lease. 

6. Assignment and Subletting. 

6.1 Subtenant may not assign this Sublease, sublet the Subleased Premises, transfer any interest of Subtenant therein or permit any use of the
Subleased Premises by another party (collectively, “Transfer”), without the prior written consent of Sublandlord, which shall not be unreasonably withheld, conditioned or delayed, and Landlord, as required under the Master Lease.
Consent to one Transfer shall not be deemed to be consent to any subsequent Transfer. Any Transfer without consent by Sublandlord and Landlord shall be voidable and, at the option of Sublandlord, shall terminate this Sublease. Sublandlord’s
waiver or consent to any assignment or subletting shall be ineffective unless set forth in writing, and Subtenant shall not be relieved from any of its obligations under this Sublease unless the consent expressly so provides. 

  
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 6.2 Any Transfer shall be subject to the terms of Article 14 of the Master Lease;
provided, however, that Subtenant acknowledges that (a) this Sublease, and any incorporation of the Master Lease into this Sublease, does not bind Landlord; (b) Sublandlord’s consent is conditioned upon
Sublandlord’s obtaining the consent of Landlord to each Transfer; and (c) Subtenant shall pay to Sublandlord any profits, after deducting Subtenant’s costs including but not limited to legal fees, brokerage fees and marketing costs
and any portion payable to Landlord. 
 7. Use and Occupancy. 

7.1 Use. The Subleased Premises shall be used and occupied by Subtenant in accordance with the Tenant’s Use of the Master Lease
Premises specified in Article 1.8 of the Master Lease and for no other purpose. 
 7.2 Compliance with Master Lease. 

(a) Subtenant agrees that it will occupy the Subleased Premises in accordance with the terms of the Master Lease and will not knowingly suffer
to be done or omit to do any act which may result in a violation of or a default under any of the terms and conditions of the Master Lease, or render Sublandlord liable for any damage, charge or expense thereunder. Subtenant further covenants and
agrees to indemnify Sublandlord against and hold Sublandlord harmless from any claim, demand, action, proceeding, suit, liability, loss, judgment, expense (including reasonable attorneys’ fees and disbursements) and damages of any kind or
nature whatsoever arising out of, by reason of, or resulting from, Subtenant’s failure to perform or observe any of the terms and conditions of the Master Lease or this Sublease. Sublandlord covenants and agrees to indemnify Subtenant against
and hold Subtenant harmless from any claim, demand, action, proceeding, suit, liability, loss, judgment, expense (including reasonable attorneys’ fees and disbursements) and damages of any kind or nature whatsoever which Subtenant may incur or
pay out by reason of (i) any acts, omissions or gross negligence of Sublandlord in or about the Subleased Premises (except to the extent caused by Subtenant’s negligence), or (ii) any breach or default by Sublandlord under the Master
Lease or this Sublease. 
 (b) Subtenant agrees that Sublandlord shall not be required to perform any of the covenants, agreements and/or
obligations of Landlord under the Master Lease and, insofar as any of the covenants, agreements and obligations of Sublandlord hereunder are required to be performed under the Master Lease by Landlord thereunder, Subtenant acknowledges and agrees
that Sublandlord shall be entitled to look to Landlord for such performance. In addition, Sublandlord shall have no obligation to perform any improvements or repairs or any other obligation of Landlord under the Master Lease. Sublandlord shall not
be responsible for any failure or interruption, for any reason whatsoever, of the services or facilities that may be appurtenant to or supplied to the Master Lease Premises by Landlord or otherwise, including, without limitation, heat, air
conditioning, ventilation, life-safety, water, electricity, elevator service and cleaning service, if any; and no failure to furnish, or interruption of, any such services or facilities shall give rise to any abatement, diminution or reduction of
Subtenant’s obligations under this Sublease, or any liability on the part of Sublandlord unless such failure or interruption is caused by Sublandlord; provided, however, if Sublandlord is entitled to any rent abatement or reduction under the
Master Lease, then Subtenant shall be entitled to the same rights as Sublandlord under this Sublease with respect to the Subleased Premises. Notwithstanding the foregoing, Sublandlord shall use commercially reasonable efforts to keep the Master
Lease in effect, and provided that there is no uncured default hereunder by Subtenant, upon Subtenant’s request to Sublandlord to do so, Sublandlord shall use commercially reasonable efforts, as reasonably indicated under the circumstances, to
obtain the performance by Landlord of its obligations under the Master Lease and/or to obtain the consent or approval of Landlord of any action Subtenant desires to take that requires such consent or approval; provided, however, if Landlord defaults
under the Master Lease or fails to perform any of its obligations under the Master Lease after receipt of written notice from Sublandlord of such failure, Sublandlord shall either institute legal proceedings against Landlord directly, or assign to
Sublandlord’s rights under the Master Lease to Subtenant to the extent necessary to permit Subtenant to institute legal proceedings against the Landlord to obtain performance of Landlord’s obligations under the Master Lease. If Sublandlord
fails to abide by the provision set forth in the previous sentence, Subtenant shall have the right to take such action and institute legal proceedings in the name of Sublandlord, and for the purpose and to such extent, all rights and remedies of
Sublandlord under the Master Lease are hereby conferred upon and assigned to Subtenant. Subtenant hereby waives and releases any right it may have under applicable law to make repairs at Sublandlord’s expense. 

  
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 (c) Any other provision in this Sublease to the contrary notwithstanding, Subtenant shall
pay to Sublandlord as additional Rent hereunder any and all sums which Sublandlord may be required to pay to Landlord under the Master Lease with respect to the Subleased Premises to the extent attributable to the Subtenant. 

(d) Sublandlord reserves the right (i) on not less than one (1) day’s written notice to Subtenant, to inspect the Subleased
Premises, and (ii) following a default by Subtenant (beyond applicable notice and cure periods), or to enter upon the Subleased Premises, with reasonable prior notice, and to take such actions or cause such things to be done as may be necessary
or appropriate in order to cure any Subtenant default under this Sublease or under the Master Lease. All such sums paid, and all reasonable costs and expenses of performing any such act, shall be deemed additional Rent payable by Subtenant to
Sublandlord upon demand, together with interest thereon at a rate of ten percent (10%) from the date of the expenditure until repaid. 

(e) Subtenant shall have no responsibility or liability for (i) making improvements or alterations to the Subleased Premises in order to
comply with changes in laws unless such improvements are necessitated by Subtenant’s alterations or particular use of the Subleased Premises, or (ii) any non-compliance with any laws or requirements
that are in existence as of the Commencement Date of this Sublease. In no event shall Subtenant be responsible or liable for any structural improvements or modifications to the Subleased Premises or the Building or any base building upgrades.
Subtenant shall have no obligation to repair or restore the Building or the Subleased Premises in the event of any casualty or governmental taking, or the payment of any costs relating to the repair or restoration of the Building as a result of such
casualty or taking. 
 8. Subject to Master Lease. This Sublease is and shall be at all times subject and subordinate to the Master
Lease. Subtenant acknowledges that Subtenant has reviewed and is familiar with all of the terms, agreements, covenants and conditions of the Master Lease, and assumes and agrees to be bound thereby. Additionally, Subtenant’s rights under this
Sublease shall be subject to the terms of the Consent. Subtenant hereby expressly agrees for the benefit of Landlord: (a) to abide by the provisions of the Master Lease to the extent applicable to the Subleased Premises; (b) that this
Sublease (and all further subleases of any portion of the Subleased Premises) shall terminate upon any termination of the Master Lease, regardless of whether or not such termination is voluntary; (c) in the event of a termination of the Master
Lease by reason of Sublandlord’s default or in the event of a mutually agreed termination, at Landlord’s option, this Sublease shall terminate, or Subtenant shall attorn to Landlord; and (d) to be bound by all waivers for the benefit
of Landlord under the Master Lease. Subtenant agrees that Landlord shall be an express third-party beneficiary of the foregoing provisions and that in no event shall Subtenant or any occupant of the Subleased Premises possess or enjoy any rights or
remedies in excess of those rights and remedies granted to Sublandlord under the Master Lease. 

  
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 9. Incorporation of Master Lease. The terms, covenants and conditions of the Master
Lease are hereby incorporated into this Sublease as they apply to the Subleased Premises, except as otherwise expressly provided herein. The terms, conditions and respective obligations of Sublandlord and Subtenant to each other under this Sublease
shall be the terms and conditions of the Master Lease except for those provisions of the Master Lease which are directly contradicted by this Sublease in which event the terms of this Sublease shall control over the Master Lease. Therefore, for the
purposes of incorporation in this Sublease, (1) wherever in the Master Lease the word “Landlord” is used it shall be deemed to mean the Sublandlord herein, (2) wherever in the Master Lease the word “Tenant” is used it
shall be deemed to mean the Subtenant herein, and (3) wherever in the Master Lease the words “Lease”, “Premises”, “Rent” or “Term” are used, such terms shall be deemed to mean this Sublease, the Subleased
Premises, the Rent hereunder and the Term hereunder, respectively. The time limits contained in the Master Lease for the giving of notices, making of demands or performing of any act, condition or covenant on the part of the tenant thereunder, or
for the exercise by the tenant thereunder of any right, remedy or option, are changed for the purposes of incorporation herein by reference by shortening the same in each instance by one (1) day, so that in each instance Subtenant shall have
one (1) day less time to observe or perform hereunder than Sublandlord has as the tenant under the Master Lease. Any non-liability, release, indemnity or hold harmless provision in the Master Lease for
the benefit of Landlord or Tenant that is incorporated herein by reference shall be deemed to inure to the benefit of Sublandlord and Landlord, on the one hand, and Subtenant, on the other hand, and any other person intended to be benefitted by said
provision, for the purpose of incorporation by reference in this Sublease. Any right of Landlord under the Master Lease of access or inspection, any right of Landlord under the Master Lease to do work in the Master Lease Premises and any right of
Landlord under the Master Lease in respect of rules and regulations, which is incorporated herein by reference, shall be deemed to inure to the benefit of Sublandlord, Landlord, and any other person intended to be benefitted by said provision, for
the purpose of incorporation by reference in this Sublease. 
 10. Modifications. For the purposes of incorporation herein, the terms
of the Master Lease are subject to the following additional modifications: 
 (a) In all provisions of the Master Lease (under the terms
thereof and without regard to modifications thereof for purposes of incorporation into this Sublease) requiring the approval or consent of Landlord, Subtenant shall be required to obtain the approval or consent of both Sublandlord and Landlord. 

  
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 (b) In all provisions of the Master Lease requiring Tenant to submit, exhibit to, supply or
provide Landlord with evidence, certificates, or any other matter or thing, Subtenant shall be required to submit, exhibit to, supply or provide, as the case may be, the same to both Landlord and Sublandlord. 

(c) Sublandlord shall have no obligation to restore or rebuild any portion of the Master Lease Premises after any damage or destruction or any
taking by eminent domain. 
 (d) Sublandlord shall have no obligation to maintain any portion of the Master Lease Premises unless otherwise
specified in the Master Lease. 
 (e) Sublandlord shall have no obligation to provide utilities or any other services to the Subleased
Premises. 
 (f) In all provisions of the Master Lease requiring Tenant to designate Landlord as an additional or named insured on its
insurance policy, Subtenant shall be required to so designate Landlord and Sublandlord on its insurance policy. 
 (g) Notwithstanding
anything to the contrary contained in this Sub-Sublease, the time limits specified in the Master Lease for the giving of notice, making of demands, performance of any act, condition or covenant (including cure
of any breach) or the exercise of any right, remedy or option, are hereby decreased or increased for purposes of this Sublease, by lengthening or shortening the same, as the case may be, in each instance by five (5) days, when necessary to
enable Sublandlord to give notice, make demands, perform any act, correct any failure, or otherwise to perform under the Master Lease in a timely manner; provided, however, that no such time period shall be reduced such that Subtenant has fewer than
three (3) days to perform the applicable obligation. 
 10.2 Exclusions. The following provisions of the Master Lease are NOT
incorporated herein: (a) the following sections of the Lease: 1.9.1, 1.9.2, 1.9.3, 1.10, 1.11, 1.15, 1.18, 1.19, 2.1, 2.2, 3.1, 3.2, 4.1.1, 6.4.3, 8.3.3, 26, (b) Exhibits C, C-1, D and G; and
(c) First Amendment Sections 2.a through 2.c and 2.e. 
 11. Sublandlord’s Representations and Warranties. Sublandlord
represents and warrants to Subtenant as follows: 
 (a) The Master Lease, as attached as
Exhibit A to this Sublease, is in full force and effect and has not been amended or modified. 

(b) Sublandlord has received no notice of default under the Master Lease, and to its actual knowledge, there exists no fact or circumstance
which with the giving of notice or the passage of time or both would constitute a default by Sublandlord under the Master Lease. 
 (c)
Sublandlord has given no notice of default under the Master Lease and to its actual knowledge, without inquiry, there exists no fact or circumstance which with the giving of notice or the passage of time or both would constitute a default by
Landlord under the Master Lease. 

  
 10 

 12. Termination of Master Lease. Sublandlord hereby acknowledges and agrees that
except pursuant to its rights under Paragraph 3.2 of the Master Lease, which are hereby reserved, it shall not voluntarily terminate the Master Lease without the prior written consent of Subtenant. If for any reason the Master Lease shall terminate
prior to the scheduled Expiration Date, this Sublease shall thereupon be terminated. 
 13. Indemnity. In addition to the indemnities
provided under the Master Lease as incorporated herein, except to the extent arising from the negligence or willful misconduct of Sublandlord or its employees, contractors, agents or consultants, Subtenant shall indemnify, defend and hold harmless
Sublandlord from and against all losses, costs, damages, expenses and liabilities, including, without limitation, reasonable attorneys’ fees and disbursements, which Sublandlord may incur or pay out (including, without limitation, to Landlord
under the Master Lease) by reason of (i) any accidents, damages or injuries to persons or property occurring in, on or about the Subleased Premises (except to the extent caused by Sublandlord’s negligence or willful misconduct),
(ii) any breach or default hereunder by Subtenant, (iii) any work performed after the date hereof in or to the Subleased Premises (except if performed by Landlord or Sublandlord), or (iv) any act, omission, negligence or willful
misconduct on the part of Subtenant and/or its officers, partners, employees, agents, contractors, customers and/or invitees, or any person claiming through or under Subtenant in or about the Subleased Premises. The foregoing indemnity (and those
referenced therein) shall survive the expiration or earlier termination of this Sublease. 
 14. Limitation on Liability.
Notwithstanding any other term or provision of this Sublease, the liability of Sublandlord to Subtenant for any default in Sublandlord’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances
shall Subtenant, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Sublandlord (or otherwise be indemnified by Sublandlord) for: (a) any
losses, costs, claims, causes of action, damages or other liability incurred in connection with a failure of Landlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, successors and/or assigns to perform or
cause to be performed Landlord’s obligations under the Master Lease unless such failure to perform is due to a breach by Sublandlord under the Master Lease; or (b) any damages or other liability arising from or incurred in connection with
the condition of the Subleased Premises or suitability of the Subleased Premises for Subtenant’s intended use. Subtenant shall, however, have the right to seek any injunctive or other equitable remedies as may be available to Subtenant under
applicable law. Notwithstanding any other term or provision of this Sublease, (i) no personal liability shall at any time be asserted or enforceable against Sublandlord’s or Subtenant’s members, shareholders, directors, officers, or
partners on account of any of Sublandlord’s or Subtenant’s obligations or actions under this Sublease, and (ii) neither Sublandlord nor Subtenant shall be liable to the other for any lost revenues, lost profit or other consequential,
special or punitive damages arising in connection with this Sublease for any reason, save and except Sublandlord’s statutory remedies under California Civil Code Section 1951.2 or any successor statute. As used in this Sublease, the term
“Sublandlord” means at any time the then current holder of the tenant’s interest under the Master Lease and of the sublandlord’s interest under this Sublease. 

15. Consents and Approvals; Audit Rights. In any instance when Sublandlord’s consent or approval is required under this Sublease,
Sublandlord’s refusal to consent to or approve any matter or thing shall be deemed reasonable if, without limitation, such consent or approval is required under the provisions of the Master Lease incorporated herein by reference but has not
been obtained from Landlord after request by Sublandlord. In addition to the foregoing, if, at any time during the Term hereof, Subtenant elects to undertake the audit rights specified in Section 8.3.3 of the Master Lease,
Subtenant shall notify Sublandlord 1 II thereof whereupon Sublandlord shall use commercially reasonable efforts to exercise such rights on behalf of Subtenant pursuant to Section 8.3.3 of the Master Lease. 

  
 11 

 16. Condition of Subleased Premises. 

16.1 Delivery of Possession. 

(a) Sublandlord shall deliver to Subtenant, and Subtenant shall accept, possession of the Subleased Premises in their “AS IS”
condition and broom clean as the Subleased Premises exist on the Commencement Date and, notwithstanding anything to the contrary set forth in the Master Lease, Sublandlord shall have no obligation to furnish, render, pay for, consent to or supply
any work, labor, services, materials, furniture, fixtures, equipment, decorations or other items to make the Subleased Premises ready or suitable for Subtenant’s occupancy. In making and executing this Sublease, Subtenant has relied solely on
such investigations, examinations and inspections as Subtenant has chosen to make or has made and has not relied on and Sublandlord has not made, any representation or warranty concerning the Subleased Premises. Subtenant acknowledges that
Sublandlord has afforded Subtenant the opportunity for full and complete investigations, examinations and inspections of the Subleased Premises. Subtenant acknowledges that it is not authorized to make or perform any alterations or improvements in
or to the Subleased Premises except as permitted by the provisions of this Sublease and the Master Lease; provided further that Subtenant shall be solely responsible for removal of any Required Removables, as defined under the Master Lease, and
shall indemnify and hold Sublandlord harmless from and against any claims, costs, losses, damages, injuries or expenses incurred in connection therewith, including in the event of any holding over. 

(b) For purposes of Section 1938(a) of the California Civil Code, Sublandlord hereby discloses to Subtenant, and Subtenant hereby
acknowledges, that the Subleased Premises has not undergone inspection by a Certified Access Specialist (CASp). As required by Section 1938(e) of the California Civil Code, Sublandlord hereby states as follows: “A Certified Access
Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of
the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee
or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of
construction-related accessibility standards within the premises.” 

  
 12 

 16.2 Surrender. 

16.2.1 Subtenant shall have no obligation or liability with respect to the removal and/or restoration of any improvements or alterations not
otherwise constructed by Subtenant, including any improvements or alterations constructed by Sublandlord within the Subleased Premises as of the Commencement Date of this Sublease. 

16.2.2 Subtenant shall surrender the Subleased Premises on the Expiration Date or earlier termination of this Sublease in broom-clean
condition, and otherwise in as good condition as received, normal wear and tear and damage caused by casualty or condemnation excepted and shall remove all of Subtenant’s furniture, trade fixtures, equipment, and other personal property on or
before the Expiration Date, including, without limitation, personal property acquired from Sublandlord. 
 16.2.3 Any additions or
alterations made by Subtenant shall be surrendered with the Subleased Premises at the end of the Term, unless, prior to the expiration or earlier termination of the Term, Sublandlord provides written notice to Subtenant to remove the same. In such
case, Subtenant shall remove the same, to the extent installed or made by or on behalf of Subtenant, on or before the expiration of the Term, and repair any damage resulting from such removal. If Subtenant fails to complete such removal and/or
repair any damage caused by such removal of any alterations, additions and improvements made by Subtenant on the Master Lease Premises, Sublandlord may charge the cost thereof to Subtenant together with a five percent (5%) supervision and
administration fee (whether such removal is performed by Sublandlord or Landlord), and Subtenant shall reimburse Sublandlord for the same within thirty (30) days after receipt of an invoice therefor. 

17. Signage. Subject to the prior written consent of Landlord and Sublandlord, Subtenant shall have the right, at Subtenant’s sole
cost and expense and otherwise in compliance with the Master Lease. All Subtenant signage installed by Subtenant shall be removed at Subtenant’s sole cost and expense prior to the expiration or earlier termination of this Sublease and Subtenant
shall repair all damage occasioned by such removal to the reasonable satisfaction of Sublandlord and Landlord. 
 18. Notices. Any
notice by either party to the other required, permitted or provided for herein shall be valid only if in writing and shall be deemed to be duly given only if (a) delivered personally, or (b) sent by means of FedEx, UPS Next Day Air or
another reputable express mail delivery service guaranteeing next day delivery, or (c) sent by United States certified or registered mail, return receipt requested, addressed (i) if to Subtenant, Minerva Surgical, Inc., 101 Saginaw Drive
Redwood City CA 94063 Attn: CEO and (ii) if to Sublandlord, PneumRX, Inc., 11911 North Creek Parkway S, Bothell, Washington 98011, Attn: General Counsel, or at such other address for either party as that party may designate by notice to the
other. A notice shall be deemed given and effective upon date of receipt or refusal to accept receipt unless the notice is delivered personally and such delivery takes place after hours or on a holiday or weekend, in which event the notice shall be
deemed given on the next succeeding business day. 
 19. Fixtures and Equipment; Continued Access to Work Area: Subtenant shall
supply its own office furniture, fixtures and equipment for the Term of this Sublease and Sublandlord shall have no obligation to furnish the Subleased Premises or provide any office fixtures or equipment to Subtenant except for those items under
FF&E referenced in Section 2.2. Notwithstanding anything to the contrary stated in this Sublease, Subtenant and Sublandlord agree that from the Sublease Commencement Date through and continuing until November 30, 2019, Sublandlord
shall have access and use rights to the finished goods area located within the Subleased Premises. 

  
 13 

 20. Broker. Subtenant hereby represents that it has not dealt with any broker in
connection with this Sublease or the Subleased Premises other than Savills Studley (“Subtenant’s Broker”) which is representing Subtenant in connection with this Sublease. Sublandlord hereby represents that it has not dealt
with any broker in connection with this Sublease or the Subleased Premises other than Colliers International (“Sublandlord’s Broker”), which is representing Sublandlord in connection with this Sublease. Sublandlord and
Subtenant shall indemnify, defend and hold harmless each other from and against any and all claims of any brokers, other than Subtenant’s Broker or Sublandlord’s Broker, claiming to have represented either Subtenant or Sublandlord
respectively in connection with the Sublease or the Subleased Premises. 
 21. Complete Agreement. There are no representations,
warranties, agreements, arrangements or understandings, oral or written, between the parties or their representatives relating to the subject matter of this Sublease which are not fully expressed in this Sublease. This Sublease cannot be changed or
terminated nor may any of its provisions be waived orally or in any manner other than by a written agreement executed by both parties. 

22. Interpretation. This Sublease shall be governed by and construed in accordance with California law. If any provision of this
Sublease or the application thereof to any person or circumstance shall, for any reason and to any extent, be invalid or unenforceable, the remainder of this Sublease and the application of that provision to other persons or circumstances shall not
be affected but rather shall be enforced to the extent permitted by law. The captions, headings and titles, if any, in this Sublease are solely for convenience of reference and shall not affect its interpretation. This Sublease shall be construed
without regard to any presumption or other rule requiring construction against the party causing this Sublease or any part thereof to be drafted. If any words or phrases in this Sublease shall have been stricken out or otherwise eliminated, whether
or not any other words or phrases have been added, this Sublease shall be construed as if the words or phrases so stricken out or otherwise eliminated were never included in this Sublease and no implication or inference shall be drawn from the fact
that said words or phrases were so stricken out or otherwise eliminated. Each covenant, agreement, obligation or other provision of this Sublease shall be deemed and construed as a separate and independent covenant of the party bound by, undertaking
or making same, not dependent on any other provision of this Sublease unless otherwise expressly provided. All terms and words used in this Sublease, regardless of the number or gender in which they are used, shall be deemed to include any other
number and any other gender as the context may require. The word “person” as used in this Sublease shall mean a natural person or persons, a partnership, a corporation or any other form of business or legal association or entity. 

23. Confidentiality. The parties shall treat the contents of this Sublease as confidential information and shall not disclose the terms
and conditions hereof to other parties; provided, however, each party may disclose portions of this Sublease to its officers, directors, employees, attorneys, architects, accountants, and other consultants and advisors to the extent such persons
need to know such information provided such parties are first informed of the confidential nature of such information and each such party agrees to treat the information as confidential. In addition, the contents of this Sublease may be divulged to
the extent, but only to the extent, required by law or in any administrative or judicial proceeding in which a party is required to divulge such information, however in such event such party shall notify the other prior to making such disclosure.

  
 14 

 24. Counterparts. This Sublease may be executed in separate counterparts, each of
which shall constitute an original and all of which together shall constitute one and the same instrument. This Sublease shall be fully executed when each party has signed and delivered to the other party at least one counterpart, even though no
single counterpart contains the signatures of all parties hereto. 
 25. Authority to Execute. Subtenant and Sublandlord each
represents and warrants to the other that each person executing this Sublease on behalf of such party is duly authorized to so execute and deliver this Sublease. 

[Signatures on Following Page] 

  
 15 

 IN WITNESS WHEREOF, the parties hereto have executed this Sublease as of the date first
above written. 
  

									
	SUBLANDLORD:	 		 	SUBTENANT:
			
	 PNEUMRX, INC.,
 a Delaware
corporation
	 		 	 MINERVA SURGICAL, INC.,
 a
Delaware corporation

					
	By:	 	 /s/ David Hahn
	 		 	By:	 	 /s/ David M Clapper

									
	Name:	 	 David Hahn
	 		 	Name:	 	 David M Clapper

									
	Title:	 	 Head of PneumRx
	 		 	Title:	 	 President and CEO

									
	Date:	 	 6/5/2019
	 		 	Date:	 	 6/4/2019

  
 16 

 EXHIBIT A 

Master Lease 

  
 17 

 MISSION PARK 

LEASE 
 BY AND BETWEEN

 WASHCOP I LIMITED PARTNERSHIP, 

a Delaware limited partnership 

as “Landlord”, 

AND 
 PNEUMRX, INC.,

 a Delaware corporation, 

as “Tenant”. 

 Table of Contents 

 

							
	 1.
	  	Basic Lease Terms	  	 	1	 
	 2.
	  	Delivery of Possession and Commencement; Landlord’s Work	  	 	4	 
	 3.
	  	Lease Term	  	 	5	 
	 4.
	  	Rent Payment	  	 	8	 
	 5.
	  	Security Deposit	  	 	10	 
	 6.
	  	Use of the Premises; Hazardous Materials	  	 	10	 
	 7.
	  	Utility Charges; Building Maintenance	  	 	19	 
	 8.
	  	Taxes, Assessments and Operating Expenses	  	 	22	 
	 9.
	  	Parking	  	 	27	 
	 10.
	  	Indemnification	  	 	27	 
	 11.
	  	Insurance; Waiver of Subrogation	  	 	28	 
	 12.
	  	Property Damage	  	 	30	 
	 13.
	  	Condemnation	  	 	32	 
	 14.
	  	Assignment, Subletting and Other Transfers	  	 	33	 
	 15.
	  	Tenant Default	  	 	35	 
	 16.
	  	Landlord Default	  	 	39	 
	 17.
	  	Surrender at Expiration or Termination	  	 	39	 
	 18.
	  	Mortgage or Sale by Landlord; Estoppel Certificates	  	 	41	 
	 19.
	  	Liens	  	 	42	 
	 20.
	  	Attorneys Fees; Waiver of Jury Trial	  	 	42	 
	 21.
	  	Limitation on Liability; Transfer by Landlord	  	 	43	 
	 22.
	  	Landlord’s Right to Perform Tenant’s Covenants	  	 	43	 
	 23.
	  	Mortgagee Protection	  	 	44	 
	 24.
	  	Real Estate Brokers; Finders	  	 	44	 
	 25.
	  	Miscellaneous	  	 	44	 
	 26.
	  	Special Provisions	  	 	49	 

  
 Page i 

 LEASE 

For valuable consideration, Landlord and Tenant hereby covenant and agree as follows: 

 

	 	1.	 Basic Lease Terms. 

 

	1.1.	 Reference Date of Lease. November 6, 2015 

 

	1.2.	 Landlord. WASHCOP I LIMITED PARTNERSHIP, a Delaware limited partnership (“Landlord”)

  

			
	Address for Payment of Rent:	  	 c/o Mission Park
 PO Box 511468

Los Angeles, CA 90051-8023

		
	Address For Notices:	  	 c/o Washington Real Estate Holdings, LLC

600 University Street, Suite 2820
 Seattle, WA 98101

  

	1.3.	 Tenant. PNEUMRX, INC., a Delaware corporation (“Tenant”) 

 

			
	Trade Name: PneurnRx, a BTG International Group Company

  

			
	 Address for Notices
 and Invoices:
	  	 530 Logue Ave
 Mountain View, CA
94043
 Telephone:        (650) 625-8910

Facsimile:         (650) 625-8915

Email:                ap.pneumrx@btzolc.com

		
	Taxpayer ID Number:	  	 

            

  

	1.4.	 Building. The approximately 60,448 square foot building shown on Exhibit A-1 and located at the address commonly known as 4251-4255 Burton Drive, Santa Clara, CA 95054 (the “Building”) 

 

	1.5.	 Premises; Premises Area. A portion of the Building as generally shown on the attached Exhibit A-2 (the “Premises”). The Premises shall consist of approximately 32,719 rentable square feet having a street address of 4255 Burton Drive, Santa Clara, CA 95054 (the “Premises Area”).

  

	1.6.	 Outside Area. All areas and facilities within the Project (as defined below) exclusive of the interior
of the Building which are not appropriated to the exclusive occupancy of tenants, including all non-reserved vehicle parking areas, perimeter roads, traffic lanes, driveways, sidewalks, pedestrian walkways,
landscaped areas, signs, service delivery facilities, truck maneuvering areas, trash disposal facilities, common storage areas, common utility facilities 

  
 Page 1 

	 	
and all other areas for non-exclusive use (the “Outside Area”). Landlord reserves the right to change, reconfigure or rearrange the Outside Area
and to do such other acts in and to the Outside Area as Landlord deems necessary or desirable:, provided, however, such change or reconfiguration shall not in any way deprive or reduce Tenant’s access to the Premises nor the ability of Tenant
to conduct its business in the ordinary course. 

  

	1.7.	 Project. The project in which the Premises and Building are located (and which includes the Premises and
Building) is commonly known as Mission Park (the “Project”), as generally shown on Exhibit B attached hereto and incorporated herein. Landlord reserves the right to construct additional buildings within the Project, in which event
the area of such buildings shall be added to the area of the existing buildings to determine the total building area of the Project; provided, however, such construction shall not materially deprive or reduce Tenant’s access to the Premises nor
the ability of Tenant to conduct its business in the ordinary course. Landlord further reserves the right to incorporate into the Project any real property adjacent to the Project and on which one or more buildings have been constructed.

  

	1.8.	 Permitted Use. General office, research and development, light medical manufacturing and lab use
consistent with R&D buildings and all other legally accepted uses per the City of Santa Clara (the “Permitted Use”). 

  

	1.9.	 Lease Term. 

  

	1.9.1.	 Commencement Date. The date that is the later to occur of (i) February 1, 2016, or
(ii) the date on which Landlord Substantially Completes the Landlord’s Work described in Exhibit C attached hereto (the “Commencement Date”) provided, however, that Tenant acknowledges that some exterior work at 4251
Burton Drive may remain to be done by Landlord following the Commencement Date, such that the Commencement Date shall not be delayed or deferred thereby. Landlord shall tender possession of the Premises to Tenant on the Delivery Date (as defined in
Section 2.1 below). Notwithstanding the foregoing, Landlord shall complete all Facade Renovation Work (as defined in Exhibit C) no later than April 1, 2016. 

 

	1.9.2.	 Expiration Date. The last day of the 84th full calendar month after the calendar month in which the
Commencement Date occurs (the “Expiration Date”), subject to Paragraph 3.2 below. 

  

	1.9.3.	 Extension Options. One (1) period of three (3) years. 

 

	1.9.4.	 Number of Full Calendar Months. Approximately eight-four (84) full calendar months plus the First
Partial Month, if any (as defined below); if the Commencement Date does not occur on the first day of a month, the Lease Term shall additionally include that portion of the month in which the Commencement Date occurs and which follows the
Commencement Date (the “First Partial Month”). 

  

	1.10.	 Base Rent. Subject to Paragraphs 3 and 4.1, monthly payments of base rent (“Base Rent”)
shall be according to the following schedule: 

  
 Page 2 

			
	 Lease Months
	  	 Monthly Base Rent

	 1-12
	  	$75,253.70
	 13-24
	  	$77,511.31
	 25-36
	  	$79,836.65
	 37-48
	  	$82,231.75
	 49-60
	  	$84,698.70
	 61-72
	  	$87,239.66
	 73-84
	  	$89,856.85

  

	  	 If the Commencement Date does not occur on the first day of a month, Base Rent for the First Partial Month
shall be equal to the initial monthly Base Rent set forth in the chart above, prorated to reflect the number of days during the First Partial Month, 

  

	1.11.	 Security Deposit. $102,446.38 (the “Security Deposit”). 

 

	1.12.	 Tenant’s Proportionate Share(s). Subject to Paragraph 8.2, (i) Tenant’s initial
proportionate share for Taxes (as defined in Paragraph 8.2.1) is 54.13%, and (ii) Tenant’s initial proportionate share for Operating Expenses (as defined in Paragraph 8.3) is 54.13%. 

 

	1.13.	 Estimated Monthly Operating Expenses and Taxes for 2015: $9,677.33 per month for Operating Expenses and
$2,912.20 per month for Taxes for an aggregate estimated monthly payment for allocation toward Operating Expenses and Taxes equal to $12,589.53. 

  

	1.14.	 CC&R’s. Those certain covenants, conditions and restrictions recorded in Book E671, Page 414,
Official Records of Santa Clara County, on July 26, 1979, as amended and as may be amended from time to time (the “CC&R’s”). 

  

	1.15.	 Landlord’s Work. Those improvements to the Premises to be constructed by Landlord pursuant to
Exhibit C attached herein and incorporated herein (“Landlord’s Work”). 

  

	1.16.	 Landlord’s Agents. Landlord’s agents, partners, subsidiaries, directors, officers, and
employees (“Landlord’s Agents”). 

  

	1.17.	 Tenant’s Agents. Tenant’s agents, employees, contractors, subtenants, or invitees
(“Tenant’s Agents”). 

  

	1.18.	 Guarantor(s). BTG International Inc., a Delaware corporation. 

 

	1.19.	 First Right to Lease. See Paragraph 26.1. 

 

	1.20.	 Tenant’s Early Termination Option. See Paragraph 3.2. 

 

	  	 This lease (this “Lease”) is entered into as of the Reference Date set forth above by Landlord and
Tenant (each as defined above in the Basic Lease Terms). 

  
 Page 3 

	 	2.	 Delivery of Possession and Commencement; Landlord’s Work. 

 

	2.1.	 Delivery. Landlord shall deliver possession of the Premises (the date on which such delivery occurs, the
“Delivery Date”) to Tenant in its as-is, where-is condition. The “Projected Delivery Date” is November 1, 2015. Should Landlord be unable to
deliver possession of the Premises on the Projected Delivery Date, (i) Tenant shall take possession of the Premises when Landlord notifies Tenant that the Premises are ready for delivery to Tenant as set forth in this Lease, and (ii) the
Commencement Date shall nevertheless occur on the date set forth in Paragraph 1.9.1. However, the Commencement Date shall not be subject to delay for “Tenant Delays,” which shall mean any delay or delays resulting from one or
more of the following: 

  

	2.1.1.	 Tenant’s failure to furnish information to Landlord for the preparation of plans and drawings for the
Tenant Improvements in accordance with Exhibit C; 

  

	2.1.2.	 Tenant’s request for special materials, finishes or installations, which are not readily available;

  

	2.1.3.	 Tenant’s failure to timely approve plans and Working Drawings requiring Tenant’s approval in
accordance with Exhibit C; 

  

	2.1.4.	 Tenant’s changes in plans and/or Working Drawings after their approval by Landlord; 

 

	2.1.5.	 Tenant’s failure to complete any of its own improvement work to the extent Tenant delays completion by the
City of its final inspection and approval of the Tenant Improvement Work described in Exhibit C; 

  

	2.1.6.	 Interference with Landlord’s Work caused by Tenant or by Tenant’s contractors or subcontractors; or

  

	2.1.7.	 A breach of, or a default by Tenant under this Lease (including, without limitation Exhibit C) which
remains uncured after expiration of applicable notice and cure periods. 

  

	  	 Except as expressly set forth herein, Landlord shall have no liability to Tenant for any delays in the delivery
of possession and neither Landlord nor Tenant shall have the right to terminate this Lease as the result of such delays. Notwithstanding the foregoing or anything to the contrary elsewhere herein, if the Delivery Date has not occurred (i) on or
before November 15, 2015 for reasons other than due to Tenant Delays or Force Majeure, Tenant shall be entitled to rent abatement of one (1) day for each day of delay after November 15, 2015, (ii) on or before December 15, 2015
for reasons other than due to Tenant Delays or Force Majeure, Tenant shall be entitled to rent abatement of two (2) days for each day of delay after December 15, 2015, and (iii) in the event the Delivery Date does not occur on or
before January 15, 2016, Tenant, in its sole and absolute discretion, may elect to terminate this Lease by delivering written notice to Landlord at any time prior to the date the Delivery Date actually occurs, provided, such delay is not the
direct result of a Tenant Delay. Any rent abatement accrued shall be credited starting with the first day Rent commences after occurrence of the actual Delivery Date. 

  
 Page 4 

	2.2.	 Landlord’s Work; As-ls Delivery. Landlord shalt deliver the
Premises to Tenant on the Delivery Date: vacant, broom clean and with the “Building Systems” (as defined in below) in good working order (the “Delivery Condition”). Tenant acknowledges that Substantial Completion of the
Landlord’s Work shall not be a precondition to Landlord’s ability to tender delivery of the Premises to Tenant. Landlord represents that the exterior of the Building will conform to governmental regulations, including ADA (as defined
below) upon completion of the Landlord’s Work; however, Tenant acknowledges that some exterior ADA-compliance work to 4251-4255 Burton Drive may remain to be done by Landlord following the Commencement
Date, such that (i) the Commencement Date will not be delayed or deferred thereby, and (ii) completion of remaining items of Landlord’s Work shall not prohibit Tenant from obtaining or maintaining, in connection with the Tenant
Improvements, final permit sign-off and any other approval which is required from the City of Santa Clara in order for Tenant to legally occupy the Premises, and Landlord shall complete same with reasonable
diligence, whereupon Landlord’s warranty with respect to such work at 4255 Burton Drive shall fully apply. Landlord further represents that, subject to Tenant’s completion of the Tenant Improvements, all structural elements and existing
subsystems of the Premises, including but not limited to HVAC, mechanical, electrical, plumbing, life safety and sprinkler systems (collectively, the “Building Systems”) are in good working condition and repair upon the Delivery Date.
Should any of the Building Systems need repair or replacement during the initial one hundred and twenty (120) days following the Delivery Date, Landlord shall promptly repair such at its sole cost and expense, the costs of which shall not be
included as Operating Expenses. 

  

	 	3.	 Lease Term. 

The term of this Lease shall commence on the Commencement Date and expire on the Expiration Date (the “Lease Term”).
The Expiration Date of this Lease shall be the date stated in the Basic Lease Terms or, if delivery of the Premises is delayed as set forth in Paragraph 2.1 or Paragraph 2.2, the last day of the calendar month that is the number of
full calendar months stated in the Basic Lease Terms from the month in which the Commencement Date occurs. When the actual Commencement Date is determined, the parties shall execute a Commencement Date Memorandum setting forth such date in the form
attached hereto and incorporated herein as Exhibit D. 
  

	3.1.	 Option to Extend Term. Provided that Tenant is not in default under this Lease (beyond the expiration of
all applicable notice and cure periods) at the time of exercise of its Extension Option (hereafter defined in this Paragraph 3.1 and at commencement of the Extension Term (hereafter defined in this Paragraph 3.1, Tenant shall have the option (the
“Extension Option”) to extend the initial term of this Lease (the “Initial Term”) for one (1) period of three (3) years (the “Extension Term”), commencing at the expiration of the Initial Term.

  

	3.1.1.	 If Tenant exercises the Extension Option, Tenant shall give unconditional written notice (the “Exercise
Notice”) of its exercise to Landlord not earlier than twelve (12) months and not later than nine (9) months prior to the expiration of the Initial Term. Tenant’s failure to give the

  
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Exercise Notice in a timely manner shall be deemed a waiver of Tenant’s Extension Option. The terms, covenants and conditions applicable to the Extension Term shall be the same terms,
covenants and conditions of this Lease applicable during the Initial Term, except that: (i) Tenant shall not be entitled to any further options to extend the Term of this Lease beyond the Extension Term; and (ii) the Monthly Rent for the
Premises shall be the Fair Market Rental Value (hereafter defined in Paragraph 3.1.2) of the Premises. All unexercised Extension Options shall automatically terminate and become null and void upon the earlier to occur of (1) the
occurrence of any uncured event of default by Tenant (beyond the expiration of all applicable notice and cure periods) of any monetary obligation hereunder, (2) the termination of Tenant’s right to possession of the Premises, (3) the
termination of this Lease, (4) any assignment or transfer, by operation of law or otherwise, of all or substantially all of Tenant’s interest in this Lease (other than to a Permitted Transferee), or (5) the failure of Tenant to timely
or properly exercise its Extension Option as aforesaid. Once delivered, an Exercise Notice cannot be rescinded or revoked by Tenant. 

  

	3.1.2.	 For purposes of this Paragraph 3.1, “Fair Market Rental Value” of the Premises shall be equal to the
greater of (a) the base rental rate being paid in the final year of the Initial Term, or (b) one hundred percent (100%) of the rental rate at which tenants lease comparable space to the Premises which is located in the Santa Clara
submarket as of the commencement of the Extension Term. For this purpose, “comparable space” shall be a proportional combination of research and development and office space that is: (i) not subleased; (ii) not subject to another
tenant’s expansion rights; (iii) comparable in age, size, location, and quality to the Premises; and (iv) leased for a term comparable to the Extension Term. In determining the rental rate of comparable space, the parties shall take
into consideration periodic rent escalations and also take into consideration the following concessions for renewing tenants: (A) rental abatement concessions, if any, being granted to renewing tenants in connection with the comparable space;
and (B) tenant improvements or allowances provided or to be provided for the comparable space, taking into account the value of the existing improvements in the applicable premises, based on the age, quality, and layout of the improvements.
Notwithstanding anything to the contrary herein, the Fair Market Rental Value of the Premises as determined pursuant to this Paragraph 3.1 shall include annual escalations during the Extension Term. 

 

	3.1.3.	 Within thirty (30) days after Landlord receives the Exercise Notice, Landlord shall provide in writing to
Tenant its estimate of the Fair Market Rental Value of the Premises for the Extension Term. Landlord and Tenant shall for an additional thirty (30) days thereafter attempt in good faith to agree on the Fair Market Rental Value of the Premises
for the Extension Term. If Landlord and Tenant agree on the Fair Market Rental Value of the Premises for the Extension Term during such thirty (30) day period, they shall immediately execute an amendment to this Lease stating the Monthly Rent
for the Extension Term. 

  

	3.1.4.	 If Landlord and Tenant are unable to agree on the Monthly Rent for the Extension Term within the thirty
(30) day period described in the second sentence in Paragraph 3.1.3, then within ten (10) days after the expiration of said thirty (30) day period, either Landlord or Tenant may

  
 Page 6 

	 	
refer the matter to arbitration as provided for in this Paragraph 3.1.4. The determination of the arbitrator(s) shall be limited to the sole issue of whether Landlord’s or Tenant’s
submitted Fair Market Rental Value is the closest to the actual Fair Market Rental Value as determined by the arbitrator(s). The arbitrator(s) must be a neutral licensed real estate broker(s) who has/have been active in the leasing of commercial
properties in the Santa Clara, California area over the five (5) year period ending on the date of his/her/their appointment as arbitrator(s). Landlord and Tenant reserve the right to object to any arbitrator that has conducted business with
the other party at any time over the three (3) year period ending on the date of his/her/their appointment as arbitrator(s). Within thirty (30) days after the date either Landlord or Tenant has referred to arbitration the determination of
Fair Market Rental Value of the Premises (the “Arbitration Referral Date”), Landlord and Tenant shall each (i) appoint one arbitrator and notify the other party of the arbitrator’s name and business address, and (ii) notify
the other party of their determination of Fair Market Rental Value. If each party timely appoints an arbitrator, the two (2) arbitrators shall, within fifteen (15) days after the appointment of the second arbitrator, agree on and appoint a
third arbitrator (who shall be qualified under the same criteria set forth above for qualification of the initial two (2) arbitrators) and provide notice to Landlord and Tenant of the arbitrator’s name and business address. Within thirty
(30) days after the appointment of the third arbitrator, the three (3) arbitrators shall decide whether the parties will use Landlord’s or Tenant’s submitted Fair Market Rental Value and shall notify Landlord and Tenant of their
decision. The decision of the majority of the three (3) arbitrators shall be binding on Landlord and Tenant. If either Landlord or Tenant fails to appoint an arbitrator within thirty (30) days after the Arbitration Referral Date, the
arbitrator timely appointed by one of them shall reach a decision and notify Landlord and Tenant of that decision within thirty (30) days after the arbitrator’s appointment. The arbitrator’s decision shall be binding on Landlord and
Tenant. If each party appoints an arbitrator in a timely manner, but the two (2) arbitrators fail to agree on and appoint a third arbitrator within the required period, the arbitrators shall be dismissed without delay and the issue of Fair
Market Rental Value shall be submitted to binding arbitration under the commercial arbitration rules of the American Arbitration Association (“AAA”), provided that in the event of any inconsistency between such arbitration rules and the
terms and conditions of this Paragraph 3.1.4, the terms and conditions of this Paragraph 3.1.4 shall govern; and provided, further however, that the sole function of the AAA arbitrator shall be to select either Landlord’s or Tenant’s
submitted Fair Market Rental Value. If Landlord and Tenant each fail to appoint an arbitrator in a timely manner, the matter to be decided shall be submitted without delay to binding arbitration under the commercial arbitration rules of the American
Arbitration Association, subject to the provisions of this Paragraph 3.1.4. If only one of the parties has given notice of its determination of Fair Market Rental Value within thirty (30) days after the Arbitration Referral Date, then such
determination shall be the Fair Market Rental Value for the Premises for the Extension Term. If Landlord and Tenant both fail to give notice of their determination of Fair Market Rental value within thirty (30) days after the Arbitration
Referral Date, the determination of Fair Market Rental Value shall be submitted without delay to binding arbitration under the commercial arbitration rules of the American Arbitration Association, subject to the provisions of this Paragraph 3.1.4,
and provided, further however, that the sole 

  
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function of the AAA arbitrator shall be to select either Landlord’s or Tenant’s submitted Fair Market Rental Value. The cost of the arbitration as provided for in this Paragraph 3,1.4
shall be paid by the losing party. After the Monthly Rent for the Extension Term has been set, the arbitrator(s) shall immediately notify Landlord and Tenant, and Landlord and Tenant shall immediately execute an amendment to this Lease stating the
Monthly Rent for the Extension Term. 

  

	3.2.	 Tenant’s Early Termination Option. Notwithstanding anything to the contrary herein, provided Tenant
is not, at the time of notice, in material default of this Lease beyond the expiration of any applicable notice and cure period, Tenant shall have the right to terminate this Lease effective as of the last day of the sixty-second (62nd) full Lease
Month of the Initial Term (the “Early Termination Date”). To exercise such right, Tenant must provide written notice to Landlord at least twelve (12) months prior to the Early Termination Date. If Tenant elects to terminate this Lease
early as provided herein, the Early Termination Date shall operate as if that date were the time originally fixed for the termination of this Lease and this Lease shall come to an end with the same force and effect as if such Early Termination Date
were the date herein provided for the normal expiration hereof; provided that, if, at the time Tenant provides written notice of exercise of its Early Termination Option, it has already provided Tenant’s Notice of Acceptance to lease the FRL
Space (as described in Paragraph 26 below). Tenant’s obligation to lease the FRL Space shall be unaffected by such early termination and shall continue in full force and effect. With Tenant’s notice of exercise, and as a condition to the
effectiveness thereof Tenant shall pay to Landlord as an “Early Termination Payment” an amount equal to the sum of (A) $523,437.98, which is the Base Rent that otherwise would have been payable during Lease Months 63-68, inclusive, had Tenant not exercised its Early Termination Option, plus (B) the then-unamortized portion, as of the Early Termination Date, of the sum of (i) the Tenant Improvement Allowance, plus
(ii) all brokers’ fees and commissions paid by Landlord in connection with this Lease, with the costs listed in clauses (i) and (ii) above inclusive to be amortized over an eighty-four (84) month period beginning on the Lease
Commencement Date. Further, all provisions of this Lease that are to become effective on the termination of this Lease shall become operative or effective on the Early Termination Date. Tenant’s right to terminate this Lease early shall
automatically terminate and become null and void upon the earlier to occur of: (I) the occurrence of any uncured event of default (beyond the expiration of all applicable notice and cure periods) by Tenant of any monetary obligation hereunder,
(2) the termination of Tenant’s right to possession of the Premises, (3) the termination of this Lease, (4) any assignment or transfer, by operation of law or otherwise, of all or substantially all of Tenant’s interest in
this Lease (other than to a Permitted Transferee), or (5) the failure of Tenant to timely or properly exercise the Early Termination Option as aforesaid. 

 

	 	4.	 Rent Payment. 

 

	4.1.	 Base Rent; Additional Rent. Tenant shall pay to Landlord the Base Rent for the Premises set forth in the
Basic Lease Terms and all amounts other than Base Rent that this Lease requires 

  
 Page 8 

	 	
(“Additional Rent”) without demand, deduction or offset. As used herein, “Rent” or “rent” shall mean Base Rent and Additional Rent. Payment shall be made in U.S.
currency payable to Landlord and mailed to the address for rent payments as set forth above or as otherwise may be designated in writing by Landlord, or at the election of Tenant by wire transfer to Landlord directed as follows: 

To:     

ABA No.:     

Account No.:     

The foregoing wiring instructions are subject to change upon reasonable prior notice by Landlord. Simultaneous with Tenant’s execution and
delivery of this Lease to Landlord, Tenant shall pay to Landlord the following amounts to be applied as set forth below: 
  

	4.1.1.	 Base Rent to be applied toward Base Rent due for the first (1st) month of the Lease Term shall be $75,253.70.

  

	4.1.2.	 Estimated payment of Operating Expenses and Taxes in the amount of $12,589.53 to be applied toward Additional
Rent due for the first month of the Lease Term. 

 Thereafter, Base Rent and Additional Rent shall be payable in advance on
the first day of each month during the Lease Term. Base Rent and Additional Rent for any partial month during the Lease Term shall be prorated to reflect the number of days during the relevant month. Payment by Tenant or receipt by Landlord of any
amount less than the full Base Rent or Additional Rent due from Tenant, or any disbursement or statement on any check or letter accompanying any check or rent payment, shall not in any event be deemed an accord and satisfaction. Landlord may accept
such check or payment without prejudice to Landlord’s right to recover the balance of such rental or pursue any other remedy provided in this Lease. 
  

	4.2.	 Payment; Lockbox. Tenant shall pay Base Rent, Additional Rent or other charges under this Lease to
Landlord or Landlord’s Agents at the management office of the Project, or, at Landlord’s option, at such other place as Landlord may from time to time designate in writing, by a check for currency which, at the time of payment, is legal
tender for private or public debts in the United States of America, or at Tenant’s election, by wire transfer. Landlord or Landlord’s bank may accept such check or payment without prejudice to Landlord’s right to recover the balance
of such rent or pursue any other remedy provided in this Lease, at law or in equity. At Landlord’s election, Tenant shall pay Base Rent, Additional Rent or other charges under this Lease to a “lockbox” or other depository whereby wire
transfers or checks issued in payment of such items, as applicable, are initially cashed or deposited by a person or entity other than Landlord (albeit on Landlord’s authority); for any and all purposes under this Lease: (i) Landlord shall
not be deemed to have accepted such payment until the date on which such funds are actually received by Landlord or the “lockbox”, (ii) Landlord shall be deemed to have accepted such payment if (and only it) Landlord shall not have
immediately refunded (or attempted to immediately refund) such payment to Tenant and (iii) if Tenant has not elected, 

  
 Page 9 

	 	
as provided above, to make payments required by this Lease via wire transfer and instead makes such payments via check, Landlord shall not be bound by any endorsement or statement on any check or
any letter accompanying any check or payment and no such endorsement, statement or letter shall be deemed an accord and satisfaction. 

  

	 	5.	 Security Deposit. 

Simultaneous with Tenant’s execution and delivery of this Lease to Landlord, Tenant shall pay the Security Deposit in the
amount set forth in the Basic Lease Terms, as security for the faithful performance by Tenant of all of its obligations under this Lease. Landlord may commingle the Security Deposit with its funds and shall have no obligation to pay any interest on
the Security Deposit. If Tenant defaults with respect to any provisions of this Lease (which default remains uncured following the expiration of any applicable notice and cure periods), Landlord shall have the right to offset against the Security
Deposit for the payment of any Rent or any other sum in default. Offset against the Security Deposit shall not be an exclusive remedy in any of the above cases but may be invoked by Landlord, at its option, in addition to any other remedy provided
by law or this Lease for Tenant’s nonperformance. Landlord shall give notice to Tenant each time an offset is claimed against the Security Deposit, and unless the Lease is terminated, Tenant shall within ten (10) business days after such
notice restore the Security Deposit to its original amount. Tenant’s failure to make such deposit after offset shall be a default under this Lease. Any remaining balance of such Security Deposit shall be returned by Landlord to Tenant (or at
Landlord’s option, to the last assignee of Tenant) within forty-five (45) days following the expiration of the Lease Term. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code, or any successor statute,
and agrees that Landlord may hold and apply the Security Deposit to future rent damages. 
  

	 	6.	 Use of the Premises; Hazardous Materials. 

 

	6.1.	 Permitted Use: CC&Rs. Subject to Tenant’s acknowledgment set forth in Paragraph 2.2, the
Premises shall be used for the Permitted Use set forth in the Basic Lease Terms and for no other purpose without Landlord’s prior written consent which may be withheld in Landlord’s sole and absolute discretion. Tenant agrees that the
Premises are subject and this Lease is subordinate to the CC&Rs. Tenant acknowledges receipt of a copy of the CC&Rs and further acknowledges that it has read the CC&Rs and knows the contents thereof. From and after the Commencement Date
and continuing through the Lease Term, Tenant shall faithfully and timely perform and comply in all material respect, with the existing recorded CC&Rs and any modification or amendments thereof, provided any such modifications or amendments to
the CC&Rs do not materially diminish Tenant’s rights nor materially increase Tenant’s obligations under the Lease and Tenant is promptly provided a copy of any such modification or amendment. 

 

	6.2.	 Compliance with Applicable Laws and Requirements. 

  
 Page 10 

	6.2.1.	 In connection with its use during the Term, Tenant shall at its expense comply in all material respect, with
the CC&R’s, all applicable laws, ordinances, regulations, codes and orders of any governmental or other public authority including without limitation, any and all Hazardous Materials Laws as defined in Paragraph 6.6.6 (together with
any supplements or modifications thereto, “Applicable Laws”), and also including, without limitation, those requiring alteration of the Premises because of Tenant’s specific use or required pursuant to Paragraph 6.6. Tenant, at
Tenant’s sole cost and expense, shall obtain and maintain any and all permits and licenses required in order for Tenant to operate the Permitted Use in the Premises. Tenant shall not commit any material continuing public or private nuisance or
any other act or thing, which might or would disturb the quiet enjoyment of any tenant or occupant of the Building, any other portion of the Project or any nearby property. Tenant shall not invalidate or impair any roof warranty; nor place any loads
upon the floors, walls or ceilings in excess of the maximum designed load determined by Landlord or which endanger the structure, provided that Landlord has provided Tenant written notice of such load restrictions; nor place any harmful liquids in
the drainage systems; nor dump or store waste materials or refuse or allow such to remain outside the Building proper, except in the enclosed trash areas provided. Except to the extent expressly permitted pursuant to Paragraph 6.2.3 below,
Tenant shall not store or permit to be stored or otherwise placed any other material of any nature whatsoever outside the Building. 

  

	6.2.2.	 From and after the Delivery Date and continuing through the Lease Term, Tenant shall not:

 (i)    Permit any vehicle on the Project to emit exhaust which is in violation of any governmental
law, rule, regulation or requirement: 
 (ii)    Discharge, emit or permit to be discharged or emitted, any liquid, solid
or gaseous matter, or any combination thereof, into the atmosphere, the ground or any body of water, which matter, as reasonably determined by Landlord or any governmental entity with jurisdiction, does or may pollute or contaminate the same, or is
or may become radioactive, or may adversely affect (i) the health or safety of persons, whether on the Premises, the Project, or elsewhere, (ii) the condition, use or enjoyment of the Premises, the Project, or any other teal or personal
property located on the Premises, the Project or elsewhere, or (iii) the Premises, the Project, or any of the improvements constructed thereon, including buildings, foundations, pipes, utility lines, landscaping or parking areas; 

(iii)    Produce, or permit to be produced, any intense glare, light or heat except within an enclosed or screened area,
and then only in such manner that the glare, light or heat shall not be discernible from outside the Premises; 

(iv)    Create, or permit to be created, any sound pressure level which will materially and unreasonably interfere with the
quiet enjoyment of any real property outside the Premises or the Project, or which will create a material continuing nuisance or violate any governmental law, rule, regulation or requirement; 

  
 Page 11 

 (v)    Create or permit to be created any ground vibration that is
discernible outside the Premises or the Project; or 
 (vi)    Transmit, receive or permit to be transmitted or received,
any electromagnetic, microwave or other radiation, which is harmful or hazardous to any person or property in, on or about the Premises, the Project, or elsewhere. 
  

	6.2.3.	 Exterior Storage. Notwithstanding anything to the contrary elsewhere in this Lease, Tenant shall have
the right to use for dead storage purposes only a portion of the Outside Area directly adjacent to the Building, the exact location and size of which to be mutually agreed to by the parties (such area, the “Exterior Storage Area”), under
the following terms and conditions: 

 (i)    Tenant shall accept the Exterior Storage Area in its
current “as-is”, “where-is” condition. Landlord has no obligation to perform any construction or other work to the Exterior Storage Area or elsewhere
at the Building or adjacent portions of the Outside Area in preparation for Tenant’s use of any such Exterior Storage Area. Except as expressly provided elsewhere herein, Tenant acknowledges that neither Landlord nor any agent or representative
of Landlord has made any representation or warranty with respect to the suitability of the Exterior Storage Area for Tenant’s proposed uses, Tenant shall be required to obtain at its sole cost any zoning and land use permits and approvals
required by applicable governmental authority prior to the use of the Exterior Storage Area. 
 (ii)    Prior to its use
thereof, Tenant must install at its sole cost fencing or other barrier to enclose the Exterior Storage Area and separate it from the remainder of the Outside Area. Such fencing or barrier must be high enough to accommodate any roof/covering required
elsewhere in this Section 6.2.3, be made of opaque, noncombustible materials, and must include signage/placards and a locking gate with an emergency exit bar for emergency egress from the Exterior Storage Area. 

(iii)    All Hazardous Materials (as defined below) proposed to be stored by Tenant in the Exterior Storage Area must be
separated by compatibility and include a firewall with at least 20 ft of separation. Any proposed use of the Exterior Storage Area for chemical storage shall also obligate Tenant to install a roof system or enclosed containment to prevent rain water
from filling the secondary containments. 
 (iv)    The design and appearance of all such fencing and other improvements
required above (the “Exterior Storage Area Improvements”) shall be subject to the Landlord’s prior approval, shall be kept, maintained, repaired, and replaced as necessary by Tenant to keep the same in good working order and condition
at all times at Tenant’s sole cost and expense, and shall be removed by Tenant at its sole cost and expense prior to the expiration or earlier termination of this Lease and the surface of the Exterior Storage Area returned to substantially its
prior condition. 

  
 Page 12 

 (v)    No additional Rent shall be paid by Tenant for use of the
Exterior Storage Area; provided, however that Tenant shall be solely responsible for the timely payment of all utilities, including without limitation electricity, used in connection therewith. 

(vi)    Tenant may not assign, lease, rent, sublet or otherwise transfer any of its interest in the Exterior Storage Area
or the Exterior Storage Area Improvements except together with a permitted assignment of Tenant’s entire interest in this Lease pursuant to Section 14 below. 

(vii)    All other provisions of this Lease (except those pertaining to the payment of Rent) shall be applicable to the
Exterior Storage Area and the use of the Exterior Storage Area Improvements by Tenant as if the former were part of the Premises. 
  

	6.3.	 Signage. Tenant shall have the non-exclusive right to install
(i) Building monument signage, and (ii) Building standard lobby and suite signage at the entrance doors of the Premises. The location, size, design, color and other physical aspects of Tenant’s identification signage shall comply with
the sign criteria for the Project attached hereto and incorporated herein as Exhibit F and shall be subject to the Landlord’s written approval prior to installation (which shall not be unreasonably withheld), the CC&Rs, and any appropriate
municipal or other governmental approvals and any other Applicable Laws; provided, that upon Landlord’s having given its approval thereof, Landlord shall not subsequently require Tenant to make any material changes to the design (other than as
to size), graphics, content or color of its name or logo to comply with such signage criteria. All signs installed by Tenant shall be removed upon termination of this Lease with the sign location restored to its former state. The cost of
Tenant’s signs, their installation, maintenance and removal expense shall be Tenant’s sole expense. If Tenant fails to maintain its signs, or, if Tenant fails to remove its signs upon termination of this Lease, Landlord may do so at
Tenant’s expense and Tenant’s reimbursement to Landlord for such amounts shall be deemed Additional Rent. 

  

	6.4.	 Alterations. Except for Permitted Alterations (as defined below), Tenant shall make no alterations,
additions or improvements to the Premises and/or in, on or about the Building (including, without limitation, lighting, heating, ventilating, air conditioning, electrical, partitioning, window coverings and carpentry installations) (collectively,
“Alterations”) without Landlord’s prior written consent as provided in this Paragraph 6.4 and without a valid building permit issued by the appropriate governmental agency, if required. 

 

	6.4.1.	 To the extent that any Alterations to the Premises constitute “Major Alterations” (as defined below),
Landlord may withhold its consent in Landlord’s sole and absolute discretion; otherwise, Landlord’s consent to any Alterations to the Premises other than Major Alterations (and excluding Permitted Alterations as set forth below) shall not
be unreasonably withheld. As used herein, “Major Alterations” shall mean any Alterations (i) which arc visible from outside the Premises and/or Building (including design and aesthetic changes), and/or (ii) to the exterior of the
Building, the roof of the Building, the heating, ventilation and/or air conditioning systems serving the Premises, the fire sprinkler, plumbing, electrical, mechanical and/or any other systems serving the Premises, any interior, load-bearing walls,
the foundation and/or the slab of the Building. 

  
 Page 13 

	6.4.2.	 Together with Tenant’s request for Landlord’s consent to any Alterations other than Permitted
Alterations, Tenant shall deliver to Landlord preliminary plans and specifications prepared by a California licensed architect for the proposed Alterations (the “Preliminary Plans and Specifications”). The Preliminary Plans and
Specifications shall be in sufficient detail to enable Landlord to fully understand the nature and scope of the proposed Alterations and the potential effect of the proposed Alterations on the Building and Project and shall include, as and if
required by Landlord as part of Landlord’s review, full architectural and engineering plans and specifications for the proposed Alterations. Without limiting the foregoing, the Preliminary Plans and Specifications for any proposed Major
Alterations shall include full architectural and engineering plans. If Landlord does not approve the Preliminary Plans and Specifications within ten (10) days after receipt. Landlord shall promptly return the Preliminary Plans and
Specifications to Tenant, who shall make all necessary revisions after Tenant’s receipt of Landlord’s revisions thereto. This procedure shall be repeated until Landlord approves the Preliminary Plans and Specifications. The approved
Preliminary Plans and Specifications, as modified, shall be deemed the “Construction Documents”. Once the Construction Documents have been approved, no further changes to the Construction Documents may be made without prior written
approval from both Landlord (pursuant to this Paragraph 6.4) and Tenant. While Landlord has the right to approve the Preliminary Plans and Specifications and the Construction Documents. Landlord’s interest in doing so is to protect the
Premises and Landlord’s interests. Accordingly, Tenant shall not rely upon Landlord’s approvals and Landlord shall not be the guarantor of, nor responsible for, the correctness or accuracy of the Preliminary Plans and Specifications and/or
the Construction Documents, or the compliance thereof with Applicable Law, and Landlord shall incur no liability of any kind by reason of granting such approvals. 

 

	6.4.3.	 Tenant shall be permitted, without Landlord’s prior written consent provided that Tenant complies with all
other terms and conditions of this Paragraph 6.4, to make nonstructural Alterations. Notwithstanding the foregoing, Tenant shall be permitted to make Alterations to the interior of the Premises following twenty (20) days’ notice to
Landlord, provided such Alterations (i) do not affect the systems and equipment of the Building, exterior appearance of the Building, or structural aspects of the Building, and (ii) do not require a building or construction permit, and
(iii) cost less than Thirty-Five Thousand and No/100 Dollars ($35,000.00) in cost per calendar year (the “Permitted Alterations”). 

  

	6.4.4.	 Tenant shall notify Landlord in writing at least twenty (20) days prior to commencement of any such work
to enable Landlord to post a Notice of Non Responsibility or other notice deemed proper before the commencement of such work. Any and all such Alterations shall comply with the CC&Rs and all Applicable Laws including, without limitation,
obtaining any required permits or other governmental approvals, shall be performed by a California licensed contractor and shall be done in a good and workmanlike manner conforming in quality and

  
 Page 14 

	 	
design with the Premises as then currently existing, and shall not diminish the value of the Premises. In connection with any Alterations made by Tenant to the Premises, Landlord may require that
Tenant deposit with Landlord prior to the making of such Alterations an amount as reasonable required by Landlord as security for the full and faithful performance of Tenant’s obligations with respect to such Alterations, including, without
limitation, the obligation to remove such Alterations at the expiration of the Lease Term or earlier termination of this Lease if required hereby. All Alterations made by Tenant shall be and become the property of Landlord upon installation and
shall not be deemed Tenant’s property unless the terms of the applicable consent provide otherwise. Landlord shall have the right to require that part or all of the Alterations be removed by Tenant upon expiration or earlier termination of this
Lease; however, when Tenant submits to Landlord for Landlord’s review the plans and specifications for any Alterations. Tenant may request in writing in bold, conspicuous lettering, that Landlord specify whether any portion of such Alterations
will be required to be removed upon the termination or earlier expiration of the Lease (any such item, a “Required Removable”). If Tenant provides such written request, Landlord shall identify all such Required Removables, either
concurrently with giving its response to the plans and specifications in question where Landlord’s consent is required pursuant to this Lease, or otherwise (i.e. for Permitted Alterations, where Landlord’s consent is not required), within
ten (10) business days after Tenant’s request. Notwithstanding anything to the contrary set forth herein, Tenant shall not be required to remove or pay for the removal of any of the initial Tenant Improvements. With respect to all Required
Removables and any other Alterations which Tenant is required hereunder to remove and restore, Tenant, at its sole cost and expense, shall promptly remove the Required Removables and such other Alterations and shall fully repair and restore the
relevant portion(s) of the Premises to their condition prior to the making of such Required Removable and/or other Alteration. 

  

	6.5.	 Cabling. Tenant shall not install or cause to be installed any cabling or wiring (collectively,
“Cabling”) without the prior written consent of Landlord as provided in Paragraph 6.4. Any installation of Cabling shall be performed pursuant to Paragraph 6.4, shall meet the requirements of the National Electrical Code (as
may be amended from time to time), and shall comply with the CC&R’s and all Applicable Laws. On or prior to the expiration or earlier termination of this Lease, Tenant, at Tenant’s sole cost and expense, shall remove all Cabling so
installed unless Landlord, in its sole and absolute discretion, elects in writing to waive this requirement. Any Cabling removed by Tenant shall be disposed of by Tenant, at Tenant’s sole cost and expense, in accordance with all Applicable
Laws. 

  

	6.6.	 Hazardous Materials. 

 

	6.6.1.	 Tenant agrees to complete prior to Lease execution the questionnaire attached hereto and incorporated herein as
Exhibit E (the “Hazardous Materials Questionnaire”). Tenant represents and warrants that the information completed by Tenant in the Hazardous Materials Questionnaire is true and complete in all material respects as of the Reference
Date. Tenant agrees to promptly inform Landlord in writing if any of the information contained in the Hazardous Materials Questionnaire becomes untrue, inaccurate or incomplete. 

  
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	6.6.2.	 Tenant shall not cause or permit any Hazardous Materials to be generated, brought onto, used, stored, released
or disposed of on, under, from or about the Premises, the Outside Area, or any other portion of the Project without the prior written consent of Landlord, except for standard office, research and development, light medical manufacturing and lab
supplies and standard janitorial supplies which may be Hazardous Materials but only to the extent that such supplies (and the quantities thereof) are normally used in connection with Tenants Permitted Use. Any handling, transportation, storage,
treatment, disposal or use of Hazardous Materials by Tenant’s Agent shall strictly comply with all applicable Hazardous Materials Laws. Without limiting the generality of the foregoing, upon the expiration of the Lease Term or the earlier
termination of this Lease, Tenant shall comply with all Hazardous Materials Laws relating to the closure of the Premises and/or the removal or remediation of Hazardous Materials present in, on or about the Premises. Notwithstanding the foregoing,
Landlord hereby acknowledges receipt of Tenant’s Hazardous Materials Questionnaire, and further agrees and acknowledges that the materials set forth therein (the “Permitted Hazardous Materials”) may be generated, brought onto, used,
and stored in or on, the Premises and, to the extent expressly permitted elsewhere in this Lease, specific portions of the Outside Area, without further Landlord consent, in accordance with the terms and conditions of this Paragraph 6;
provided that on or prior to the expiration or earlier termination of this Lease, Tenant shall cause all of such Permitted Hazardous Materials to be removed from the Premises, Outside Area, and Project at Tenant’s sole cost and expense and in
compliance with all applicable Hazardous Materials Laws. 

  

	6.6.3.	 Landlord and Tenant shall each give written notice to the other as soon as reasonably practicable of
(i) any Hazardous Materials which relates to the Premises, (ii) any contamination of the Premises by Hazardous Materials which constitutes a violation of any Hazardous Materials Law, and/or (iii) any notice or communication from a
governmental agency or any other person relating to any Hazardous Materials on, under or about the Premises; or (iii) any violation of any Hazardous Materials Laws with respect to the Premises or Tenant’s activities on or in connection
with the Premises. Tenant and Tenant’s Agents shall not bring Hazardous Materials of types or quantities differing from those set forth in the Hazardous Materials Questionnaire without first obtaining the written permission of the Landlord. At
any time during the Lease term, Tenant shall, within ten (10) business days after written request therefor received from Landlord, disclose in writing all Hazardous Materials that are being used by Tenant or Tenant’s Agents on the
Premises, the nature of such use, and the manner of storage and disposal. 

  

	6.6.4.	 In the event of a spill, leak, disposal or other release of any Hazardous Materials on, under or about the
Premises, the Outside Area, or any other portion of the Project caused by Tenant or any of its contractors, agents or employees or invitees, Tenant shall (i) immediately undertake all emergency response necessary to contain, cleanup and remove
the released Hazardous 

  
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Material(s), (ii) promptly undertake all investigatory, remedial, removal and other response action necessary or appropriate to ensure that any Hazardous Materials contamination is eliminated to
Landlord’s reasonable satisfaction, and (iii) provide Landlord copies of all correspondence with any governmental agency regarding the release (or threatened or suspected release) or the response action, a detailed report documenting all
such response action, and a certification that any contamination has been eliminated. To the extent required, any such response action shall be performed, all such reports shall be prepared and all such certifications shall be made by an
environmental consultant reasonably acceptable to Landlord. 

  

	6.6.5.	 If Tenant is not in compliance with any of the provisions of this Section 6, or in the event of a release
of any Hazardous Material on, under, from or about the Premises caused or permitted by Tenant, its agents, employees, contractors, licensees, subtenants or invitees in violation of the provisions of this Lease, Landlord may require Tenant to furnish
to Landlord, at Tenant’s sole expense and within thirty (30) days following Landlord’s request therefor, an environmental audit or any environmental assessment with respect to the matters of concern to Landlord. Such audit or
assessment shall be prepared by a qualified consultant acceptable to Landlord. In addition, Landlord may cause testing wells to be installed on or about the Outside Area, and may cause the ground water to be tested to detect the presence of
Hazardous Materials by the use of such tests as are then customarily used for such purposes, provided that Landlord shall use diligent efforts to minimize any inconvenience or disruption to Tenant’s business in connection with such
installation. If Tenant so requests, Landlord shall supply Tenant with copies of such test results. The cost of such tests and of the installation, maintenance, repair and replacement of such wells shall be paid by Tenant if such tests disclose the
existence of facts which give rise to liability of Tenant pursuant to its indemnity given in Paragraph 6.6.7. 

  

	6.6.6.	 As used herein, the term “Hazardous Material,” means any hazardous or toxic substance, material or
waste, which is or becomes regulated by any local governmental authority, the State of California or the United States Government. The term “Hazardous Material.” includes, without limitation, petroleum products, asbestos, PCB’s, and
any material or substance which is (i) defined as hazardous or extremely hazardous pursuant to §66160 of Title 26 of the California Code of Regulations, Division 22, (ii) defined as a “hazardous waste” pursuant to §1004 of
the Federal Resource Conservation and Recovery Act, 42 USC, §6901 et seq. (42 USC §6903), or (iii) defined as a “hazardous substance” pursuant to §101 of the Comprehensive Environmental Response, Compensation and
Liability Act, 42 USC, §9601 et seq. (42 USC §6901). As used herein the term “Hazardous Material Law” shall mean any statute, law, ordinance, or regulation of any governmental body or agency (including the US Environmental
Protection Agency, the California Regional Water Quality Control Board, and the California Department of Health Services) which regulates the use, storage, release or disposal of any Hazardous Material. 

 

	6.6.7.	 Tenant shall indemnify, defend and hold harmless Landlord. Landlord’s Agents, any persons holding a
security interest in the Premises or any other portion of the Project, and the respective 

  
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successors and assigns of each of them, for, from and against any and all claims, demands, liabilities, damages, fines, losses (including without limitation diminution in value), costs (including
without limitation the cost of any investigation, remedial, removal or other response action required by Hazardous Materials Laws) and expenses (including without limitation attorneys fees and expert fees in connection with any trial, appeal,
petition for review or administrative proceeding) resulting directly or indirectly from the use, presence, removal, treatment, storage, generation, transport, release, leak, spill, disposal or other handling of any Hazardous Materials or breach of
any provision of this Paragraph 6, to the extent such liability, obligation, damage or costs was a result of actions caused or permitted by Tenant or a Tenant Agent. Landlord’s rights under this Paragraph 6.6.7 are in addition to
and not in lieu of any other rights or remedies to which Landlord may be entitled under this Lease or otherwise. In the event any action is brought against Landlord by reason of any such claim, Tenant shall resist or defend such action or proceeding
by counsel satisfactory to Landlord upon Landlord’s demand. The obligation to indemnify, defend and hold harmless shall include, without limitation, to the extent directly resulting from and proximately caused by actions undertaken or permitted
by Tenant or a Tenant Agent in violation of this Paragraph 6: (A) reasonable costs incurred in connection with investigation of site conditions, (B) reasonable costs of any cleanup, remedial, removal or restoration work required by any federal,
state or local governmental agency or political subdivision with respect to Hazardous Materials, (C) diminution in value of the Premises and/or any other portion of the Project, (D) reasonable sums paid in settlement of claims, attorneys
fees, consultant and laboratory fees and expert fees, and (E) the value of any loss of the use of the Premises or any other portion of the Project or any part thereof. Tenant’s obligations under this Paragraph 6.6.7 shall survive
the expiration or termination of this Lease for any reason. Nothing in this Lease shall impose any liability on Tenant for any Hazardous Materials in existence on the Premises, Building or Project prior to the Possession Date or brought onto the
Premises, Building or Project after the Commencement Date by Landlord or its agents, employees, or contractors, in either case only to the extent such Hazardous Materials were not used, removed, treated, stored, generated, transported, released,
leaked, spilled, disposed, or otherwise handled by Tenant or any Tenant’s Agents. 

  

	6.6.8.	 Landlord hereby discloses to Tenant, and Tenant hereby acknowledges, certain facts relating to Hazardous
Materials at the Project known by Landlord to exist as of the date of this Lease, as more particularly described in that certain Phase I Environmental Assessment dated August 15, 2013, and prepared by EBI Consulting, a copy of which Tenant
acknowledges having received and having had an opportunity to review. Landlord has received no notice from any state or federal agency concerning the presence of Hazardous Materials at the Premises or Building in violation of applicable laws.
Landlord shall indemnify, defend and hold harmless Tenant and its successors and assigns of each of them, for, from and against any and all claims, demands, liabilities, damages, fines, losses, costs (including without limitation the cost of any
investigation, remedial, removal or other response action required by Hazardous Materials Laws) and expenses (including without limitation attorneys fees and expert fees in connection with any trial, appeal, petition for review or administrative
proceeding) arising out of or in any 

  
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way relating to (i) the existing in, on, under, or about the Premises or Building as of the date of mutual execution hereof, or (ii) the use, treatment, storage, generation, transport,
release, leak, spill, disposal or other handling by Landlord or its agents, employees, or contractors of Hazardous Materials on, under or about the Premises or Building; in either case only to the extent such Hazardous Materials were not used,
removed, treated, stored, generated, transported, released, leaked, spilled, disposed, or otherwise handled by Tenant or any Tenant’s Agents. Tenant’s rights under this Paragraph 6.6.8 are in addition to and not in lieu of any other rights
or remedies to which Tenant may be entitled under this Lease or otherwise. In the event any action is brought against Tenant by reason of any such claim, Landlord shall resist or defend such action or proceeding by counsel satisfactory to Tenant
upon Tenant’s demand. Landlord’s obligations pursuant to this paragraph to indemnify, defend and hold harmless shall include, without limitation, (A) reasonable costs incurred in connection with investigation of site conditions,
(B) reasonable costs of any cleanup, remedial, removal or restoration work required by any federal, state or local governmental agency or political subdivision with respect to such Hazardous Materials, and (C) reasonable sums paid in
settlement of claims, attorneys fees, consultant and laboratory fees and expert fees. Landlord’s obligations under this Paragraph 6.6.8 shall survive the expiration or termination of this Lease for any reason. Tenant agrees to notify its
agents, employees, contractors, licensees, subtenants, and invitees of any exposure or potential exposure to Hazardous Materials at the Premises that Landlord brings to Tenant’s attention. Tenant hereby acknowledges that this disclosure
satisfies any obligation of Landlord to Tenant pursuant to California Health & Safety Code Section 25359.7, or any amendment or substitute thereto or any other disclosure obligations of Landlord. 

 

	6.6.9.	 The obligations of Landlord and Tenant under this Paragraph 6.6 shall survive the expiration or earlier
termination of the Lease Term. The rights and obligations of Landlord and Tenant with respect to issues relating to Hazardous Materials are exclusively established by this Paragraph 6.6. In the event of any inconsistency between any other
part of the Lease and this Paragraph 6.6, the terms of this Paragraph 6.6 shall control. 

  

	 	7.	 Utility Charges; Building Maintenance. 

 

	7.1.	 Utility Charges. 

 

	7.1.1.	 Tenant shall be responsible for and shall pay when due all charges for electricity, natural gas, water, garbage
collection, janitorial service, sewer, telephone and all other utilities, materials and services of any kind furnished to the Premises and/or the Building or used by Tenant in, on or about the Premises and/or the Building during the Lease Term. If
charges are not separately metered or stated, Landlord shall apportion the utility charges on an equitable basis and Tenant shall pay such charges to Landlord within ten (10) days following receipt by Tenant of Landlord’s statement for
such charges. Landlord shall have no liability resulting from any interruption of utility services caused by fire or other casualty, strike, riot, vandalism, the making of necessary repairs or improvements, or any other cause beyond Landlord’s
reasonable control, except that Landlord shall exercise commercially reasonable efforts to remedy any interruption, curtailment, stoppage or suspension of services, utilities or systems

  
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to be provided for or maintained by Landlord pursuant to this Lease. In the event Landlord fails to perform its obligations to make repairs, alterations or improvements or performs such
obligations in a negligent manner, or to the extent any interruption of such services, utilities or systems is the result of the gross negligence or willful misconduct of Landlord or Landlord’s Agents, and any such failure results in Tenant
being unable to operate its business at the Premises for three (3) consecutive business days, then Tenant shall be entitled to an equitable abatement of Tenant’s Base Rent and Operating Expenses commencing on the first day Tenant is unable
to operate and continuing until the Premises are again suitable for operation of Tenant’s business. 

  

	7.1.2.	 ENERGY STAR®. Tenant understands that Landlord is required under applicable law to obtain,
input and disclose certain benchmarking data for the U.S. Environmental Protection Agency’s ENERGY STAR® Portfolio Manager. Accordingly, within twenty (20) days following written request therefor from Landlord (and thereafter as set
forth below), Tenant will complete, execute and deliver to Landlord a data release authorization for each utility serving the Premises maintained in Tenant’s name or otherwise for the account of Tenant, in form and substance required by the
relevant utility provider, permitting the relevant utility to disclose to Landlord Tenant’s monthly billing data, building square footage, occupancy type, operational characteristics and other information reasonably required for purposes of
inputting the benchmarking data required by the U.S. Environmental Protection Agency’s ENERGY STAR® Portfolio Manager (the “Data Release Authorization”). In addition, if Tenant’s name or entity changes, Tenant shall complete,
execute and deliver to Landlord an additional Data Release Authorization within twenty (20) days following receipt of written request therefor from Landlord. 

 

	7.2.	 Landlord Maintenance and Repairs. 

 

	7.2.1.	 Landlord’s maintenance, repair and replacement obligations which are paid by Landlord and not reimbursed
by Tenant are set forth in this Paragraph 7.2.1. Landlord, at its sole cost and expense, shall be responsible only for (i) repair and replacement of the foundation of the Building (ii) repair and replacement of the structural
elements of the Building, except for any damage thereto caused by the negligence or willful acts or omissions of Tenant or of Tenant’s Agents or invitees, or by reason of the failure of Tenant to perform or comply with any terms of this Lease,
or caused by any Alterations made by Tenant or by Tenant’s Agents. The structural elements of the Building shall consists of only the following parts of the Building: the foundation and subflooring, floor/ceiling slabs, the roof structure
(including the roof membrane), and the exterior walls, interior bearing or structural walls (excluding, however, interior wall surfaces), curtain walls, mullions, columns, and beams. In addition, the terms “roof-and-walls”, as used herein shall not include windows, glass or plate glass, doors, special store fronts or office entries. 

 

	7.2.2.	 Landlord shall also maintain in good order, condition and repair (i) the roof of the Building (including,
without limitation, roof replacement), (ii) the Outside Area serving the Premises, (iii) the heating and air conditioning systems and equipment serving the Premises and the 

  
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Building, and (iv) base building mechanical, electrical, life safety, and sprinkler systems serving the Premises and the Building, except for any damage thereto caused by the negligence or
willful acts or omissions of Tenant or of Tenant’s Agents or invitees, or by reason of the failure of Tenant to perform or comply with any terms of this Lease, or caused by any Alterations made by Tenant or by Tenant’s Agents. Landlord
shall at all times have exclusive control of the Outside Area, including the right to grant easements or other rights of access to third parties so long as such easements or other rights granted to third parties do not materially impact Tenants
business operations, and may at any time temporarily close any part thereof for a reasonable time to the extent necessary, exclude and restrain anyone from any part thereof, except the bona fide customers, employees and invitees of Tenant who use
the Outside Area in accordance with the rules and regulations as Landlord may from time to time promulgate, and may change the configuration of the Outside Area. In exercising any such rights, Landlord shall make a reasonable effort to minimize any
disruption of Tenant’s business. In connection with any temporary closure of any portion of the Outside Area for such purposes, Landlord shall make a reasonable effort to not deprive Tenant of reasonable access to the Premises or the ability of
Tenant to conduct its business in the ordinary course. It is an express condition precedent to all obligations of Landlord to repair that Tenant shall have notified Landlord of the need for such repairs. 

 

	7.3.	 Tenant Maintenance and Repairs. Tenant shall at all times and at its own expense clean, keep and
maintain in good order, condition and repair, and shall replace, every part of the Premises that is not within Landlord’s obligation pursuant to Paragraph 7.2. Tenant’s repair and maintenance obligations shall include, without
limitation, all of the following which are a part of the Premises, which are located in, on or about the Premises, or which are located outside the Premises but serve the Premises: mechanical, electrical, gas, plumbing, water, exhaust, telephone,
other communication, and data systems, fixtures, pipes, conduits, appliances, equipment, facilities, and units; fixtures, interior walls, ceiling, floors, windows, doors, entrances, plate glass, skylights, and fans; lighting fixtures, ballasts,
lamps and non-structural portions of the roof. Tenant shall also be responsible, at its sole cost and expense, for all pest control in, on, or about the Premises. Tenant shall refrain from any discharge that
will damage the septic tank or sewers serving the Premises, if the Premises have a separate entrance, Tenant shall keep the sidewalks abutting the Premises or the separate entrance free and clear of debris, and obstructions of every kind.

  

	7.4.	 Security. Tenant acknowledges and agrees that Tenant is responsible for securing the Premises and that
Landlord does not, and shall not be obligated to, provide any police personnel or other security services or systems for any portion of the Premises, Building, Outside Area and/or Project. 

 

	7.4.1.	 Interference. Landlord shall have no liability for interference with Tenant’s use when making
alterations, improvements or repairs to the Building, Outside Area or the Project provided the work is performed in a reasonable manner. Notwithstanding the foregoing, in exercising any such rights, Landlord shall make a reasonable effort to
minimize any disruption of Tenant’s business, and Landlord shall make a reasonable effort to not deprive Tenant of reasonable access to the Premises or the ability of Tenant to conduct its business in the ordinary course. 

  
 Page 21 

	 	8.	 Taxes, Assessments and Operating Expenses. 

 

	8.1.	 Payments. Tenant shall pay Landlord monthly, as Additional Rent, Tenant’s proportionate share of
Operating Expenses and Taxes which are, as determined by Landlord, allocable or attributable to the Building, the parcel on which the Building is located, the Outside Area within the parcel on which the Building is located and such other Outside
Areas at the Project; provided, however, and notwithstanding any provision of this Lease to the contrary, Tenant shall pay Landlord, in accordance with this Paragraph 8, the entire amount (and not just Tenant’s proportionate share) of
any Operating Expense incurred by Landlord which relates solely to the Premises or which are incurred solely for or on behalf of Tenant. Commencing on the Commencement Date (subject to Paragraph 3) and thereafter in advance on the first day
of each month during the Lease Term, Tenant shall pay a monthly sum as Additional Rent representing Tenant’s proportionate share of Taxes and Operating Expenses. Within one hundred eighty (180) days following the end of each calendar year,
or as soon thereafter as is reasonably possible, Landlord shall furnish Tenant a statement of such actual expenses (“Actual Expenses”) for the calendar year and the payments made by Tenant with respect to such period. If Tenant’s
payments for Operating Expenses and Taxes do not equal the amount of the Actual Expenses, Tenant shall pay Landlord the deficiency within forty-five (45) days after receipt of such statement. If Tenant’s payments exceed the Actual
Expenses, Landlord shall offset the excess against the Operating Expenses thereafter becoming due to Landlord. There shall be appropriate adjustments of Operating Expenses and Taxes as of the Commencement Date and expiration of the Lease Term.

  

	8.2.	 Tenant’s Proportionate Share. Tenant’s proportionate share of Taxes shall mean that percentage
which the Premises Area set forth in the Basic Lease Terms bears to the total rentable square footage of all buildings in the Project located on the same Tax Parcel as the Building. Tenant’s proportionate share of Operating Expenses for the
Building shall be computed by dividing the Premises Area by the total rentable area of the Building. If in Landlord’s reasonable judgment either of these methods of allocation results in an inappropriate allocation to Tenant, Landlord shall
select some other reasonable method of determining Tenant’s proportionate share. 

  

	8.2.1.	 Taxes Charged. As used herein, “Taxes” means any form of assessment, license, fee, rent tax,
levy, penalty (if a result of Tenant’s delinquency), or tax (other than net income, estate, succession, inheritance transfer or franchise taxes), imposed by any authority having the direct or indirect power to tax, or by any city, county, state
or federal government or any improvement or other district or division thereof, whether such tax is: (i) determined by the area of the tax parcel in which the Building is located (the “Tax Parcel”) or any part thereof or the rent and
other sums payable hereunder by Tenant or by other tenants, including, but not limited to, any gross income or excise tax levied by any of the foregoing authorities with respect to receipt of such rent or other sums due under this Lease;
(ii) imposed upon any legal or equitable interest 

  
 Page 22 

	 	
of Landlord in the Tax Parcel or the Premises or any part thereof; (iii) imposed upon this transaction or any document to which Tenant is a party creating or transferring any interest in the
Tax Parcel; (iv) levied or assessed in lieu of, in substitution for, or in addition to, existing or additional taxes against the Tax Parcel whether or not now customary or within the contemplation of the parties; (v) imposed as a special
assessment for such purposes as fire protection, street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services; or (vi) imposed as a result of any transfer of any interest in the Tax Parcel by
Landlord, or the construction of any improvements thereon or thereto. Tenant shall not, however, be obligated to pay any tax based upon Landlord’s net income. In addition, Tenant shall be liable for all taxes levied or assessed against any
personal property or fixtures placed in the Premises and, when possible, shall cause such taxes to be assessed and billed separately from the real or personal property of Landlord. If any such taxes are levied or assessed against Landlord or
Landlord’s property and (i) Landlord pays the same or (ii) the assessed value of Landlord’s property is increased by inclusion of such personal property and fixtures and Landlord pays the increased taxes, then, within thirty
(30) days following receipt by Tenant of a copy of the applicable tax bill with Landlord’s written request for payment thereof. Tenant shall pay to Landlord such taxes as part of Tenant’s payment of Taxes. Notwithstanding the
foregoing, Taxes shall not include late fees, penalties, mortgage recording taxes and any interest related to late fees and/or delinquent payments. 

  

	8.3.	 Operating Expenses. 

 

	8.3.1.	 “Operating Expenses” charged to Tenant hereunder shall mean all costs and expenses of any kind or
nature whatsoever incurred by Landlord in connection with the ownership, operation, management, maintenance, and repair of the Premises, the Building, the Outside Area and/or any other portions of the Project, including, without limitation the
following: (i) the costs and charges of performing Landlord’s obligations under Paragraph 7.2.2; (ii) the costs of annual roof inspections; (iii) wages, salaries and other compensation and benefits, including taxes levied
thereon, of all persons (other than persons generally considered to be higher in rank than the position of “general manager”) engaged in the operation, maintenance, repair, supervision, and/or security of the Premises, Building, Outside
Area, and Project (provided that Landlord, in its sole and absolute discretion, may, but shall not be obligated to, provide any security services for the Building, the Outside Area, and/or any other portions of the Project); (iv) the rental costs
and overhead of any office and storage space used to provide such services; (v) the cost of landscaping, relamping, general maintenance and repairs, and all supplies, tools, equipment and materials used in the operation, repair, replacement
(except to the extent excluded below), and maintenance of the Premises, Building, the Outside Area, and/or any portions of the Project (excluding repairs and general maintenance paid for by proceeds of insurance or by Tenant or other third parties);
(vi) all cost of repairs and general maintenance of the HVAC system for the Premises, including without limitation, the costs of preventative maintenance contracts and other periodic inspections; all costs of resurfacing and restriping of the
parking areas of the Project; (vii) all cost of painting, sweeping, maintenance and repair of sidewalks, fountains, curbs and signs, landscape sprinkler systems, irrigation water, planting

  
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and landscaping; (viii) all cost of lighting, water, electricity and other utilities for or serving the Building and/or the Outside Area; (ix) all cost of installing, maintaining, or
repairing directional signs and other markers and bumpers; (x) all cost of maintenance and repair of any fire protection systems, lighting systems, sewer systems, storm drainage systems, and any other utility system for or serving the Outside
Area; (xi) all cost of garbage, trash, rubbish and waste removal other than as required to be provided by Tenant under Paragraph 7.1; (xii) all costs with respect to repairs and maintenance of utility facilities (including pipes and
conduits) serving more than one tenant; (xiii) depreciation on maintenance and operating machinery and equipment (if owned) and rental paid for such machinery and equipment (if rented); (xiv) premiums for commercial liability insurance covering
the Premises and/or the Project; (xv) premiums for all risk or Causes of Loss-special form insurance and, at Landlord’s option, earthquake insurance on the Building; (xvi) premiums for insurance against loss of rents for a period of
twelve (12) months from the date of the loss; (xvii) the management fee for the manager of the Project not to exceed three percent (3%) of gross rents; and (xviii) and all cost of any capital improvements made to the Building, the
Outside Area, and/or any other portions of the Project to reduce operating costs, to comply with governmental rules and regulations enacted after completion of the Building, to replace the roof (including the roof membrane) of the Building, to
replace the heating, ventilation and air conditioning (HVAC) system for the Premises, or to resurface the parking areas of the Project. The cost of any capital improvements and capital replacements, together with interest thereon at the interest
rate provided in Paragraph 25.2, shall be amortized over the useful life of the improvement as reasonably determined by Landlord, and only the annual amortized cost of such item shall be included in Operating Expenses annually. 

 

	8.3.2.	 Notwithstanding anything to the contrary contained in this Lease, Operating Expenses shall not include the
following: (i) costs including marketing costs, legal fees, space planners’ fees, advertising and promotional expenses, and brokerage fees incurred in connection with the original construction or development, or original or future leasing
of the Project, and costs, including permit, license and inspection costs, incurred with respect to the installation of improvements made for new tenants initially occupying space in the Project after the Lease Commencement Date or incurred in
renovating or otherwise improving, decorating, painting or redecorating vacant space for tenants or other occupants of the Project (excluding, however, such costs relating to any Outside Areas of the Project including parking facilities); (ii)
depreciation, interest and principal payments on mortgages, ground rents, and other debt costs, if any; (iii) expenses resulting from the sole negligence of Landlord or Landlord’s Agents; (iv) legal fees, leasing commissions,
advertising expenses and other expenses incurred in connection with the leasing of the Project: (v) costs for which the Landlord is reimbursed by any tenant or occupant of the Project (or for which any tenant or occupant is obligated to
reimburse to Landlord under such tenant’s or occupant’s lease or license agreement with Landlord, but excluding all such reimbursements in the nature of operating expense reimbursements), or by insurance by its carrier or any tenant’s
carrier or by anyone else (except to the extent of deductibles), and electric power costs for which any tenant directly contracts with the local public service company; (vi) fines, penalties, and interest; (vii) costs incurred by

  
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Landlord to correct defects in the construction of the Building or the Outside Area; (viii) costs of alterations or improvements made to the premises of other tenants of the Project;
(ix) costs of services provided to other tenants in the Building or the Project which are not provided to Tenant, (x) costs incurred by Landlord for alterations, additions, and replacements which are considered capital expenses under sound
real estate management and accounting practices, consistently applied, except to the extent expressly set forth in Paragraph 8.3.1(xviii) above, (xi) costs incurred to comply with laws relating to the removal of hazardous material (as defined
under applicable law) which was in existence in the Building or on the Project prior to the Lease Commencement Date, and was of such a nature that a federal, State or municipal governmental authority, if it had then had knowledge of the presence of
such hazardous material, in the state, and under the conditions that it then existed in the Building or on the Project, would have then required the removal of such hazardous material or other remedial or containment action with respect thereto, but
only to the extent those laws were then being actively enforced by the applicable government authority; (xii) costs incurred to remove, remedy, contain, or treat hazardous material, which hazardous material is brought into the Building or onto
the Project after the date hereof by Landlord or its agents, contractors, or employees and is of such a nature, at that time, that a federal, State or municipal governmental authority, if it had then had knowledge of the presence of such hazardous
material, in the state, and under the conditions, that it then exists in the Building or on the Project, would have then required the removal of such hazardous material or other remedial or containment action with respect thereto, but only to the
extent those laws were then being actively enforced by the applicable government authority, (xiii) all items and services for which Tenant or any other tenant in the Project reimburses Landlord or which Landlord provides selectively to one or
more tenants (other than Tenant) without reimbursement, (xiv) any bad debt loss, rent loss, or any expense reserves for the repair or improvement of the Premises, Building or Project, or reserves for bad debts or rent loss, (xv) rent for
any office space occupied by Project management personnel to the extent the size or rental rate of such office space exceeds the size or fair market rental value of office space occupied by management personnel of comparable projects located in the
Santa Clara submarket, and (xvi) the wages and benefits of any employee who does not devote substantially all of his or her employed time to the Project unless such wages and benefits are prorated to reflect time spent on operating and managing
the Project vis-a-vis time spent on matters unrelated to operating and managing the Project; provided, that in no event shall Operating Expenses for purposes of this
Lease include wages and/or benefits attributable to personnel above the level of “general manager.” 

  

	8.3.3.	 Tenant’s Audit Right. Tenant shall have the right to review and/or audit Landlord’s books and
records regarding Tenant’s proportionate share of Operating Expenses at Landlord’s offices during normal business hours on ten (10) business days’ prior notice (“Review Notice”) once per year, provided provides written
notice to Landlord within one hundred twenty (120) days following Tenant’s receipt of the annual statement of Actual Expenses (the “Review Period”). Within a reasonable time after receipt of Tenant’s review/audit notice.
Landlord shall make all pertinent records available for inspection that are reasonably necessary for Tenant to conduct its review. If any records are maintained at a location other than the office of the

  
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Project, Tenant may either inspect the records at such other location or pay for the reasonable cost of copying and shipping the records. Any audit shall be conducted by Tenant’s staff or by
a nationally recognized firm of certified public accountants (“Tenant’s CPA”) which, along with Tenant, agrees to be bound by a confidentiality agreement in a commercially reasonable form, on a noncontingent fee basis. Tenant shall
have no right to contest, review or audit such statement if an Event of Default has occurred and is continuing, or if Tenant fails to give such written notice during the Review Period. Within sixty (60) days after the records are made available
to Tenant, Tenant shall have the right to give Landlord written notice (an “Objection Notice”) stating in reasonable detail any objection to the books and records that Tenant has reviewed. If Tenant fails to give Landlord an Objection
Notice within such sixty (60) day period or fails to provide Landlord with a Review Notice within the one hundred twenty (120) day period described above, Tenant shall be deemed to have approved Landlord’s annual statement of Actual
Expenses for such year and shall be barred from raising any claims regarding Operating Expenses for that year. 

  

	8.3.4.	 Binding Arbitration. If Landlord does not concur with the conclusion of Tenant’s auditor in the
Objection Notice, and the parties are thereafter unable to agree, then either party may elect in writing to have the matter conclusively determined by binding arbitration pursuant to the following procedures by written notice given to the other
party (the “Arbitration Notice”) within sixty (60) days after Landlord’s receipt of Tenant’s Objection Notice. Such Arbitration Notice shall contain the name of a firm of certified public accountants appointed by the party
issuing the Arbitration Notice, and within thirty (30) days thereafter, the party not issuing the Arbitration Notice shall designate its appointment of a firm of certified public accountants (as so designated, “Landlord’s CPA”
and “Tenant’s CPA”). Landlord’s CPA and Tenant’s CPA shall meet and confer within sixty (60) days after the initial Arbitration Notice is given in an attempt to agree on any disputed items. If Landlord’s CPA and
Tenant’s CPA are unable to agree on all disputed items within sixty (60) days after the Arbitration Notice, then each of Landlord’s CPA and Tenant’s CPA shall propose and deliver to each other in writing an amount to be paid by
Tenant to Landlord or Landlord to Tenant relating to the Operating Costs being audited. Tenant’s CPA and Landlord’s CPA shall agree on a third CPA experienced in real estate accounting, who is unaffiliated with Landlord, Tenant and their
respective CPA’s, and who has not worked for Landlord, Tenant or their respective CPA’s in the last live (5) years. Such third CPA (the “Deciding CPA”) shall meet for one day or less with Landlord’s CPA and
Tenant’s CPA within fifteen (15) business days after the appointment of such Deciding CPA, and at the end of such meeting the Deciding CPA shall choose in writing either Tenant’s CPA’s proposal or Landlord’s CPA’s
proposal, and such decision shall be final, binding and nonappealable. If, pursuant to the procedures described in this paragraph and the immediately preceding paragraph, Operating Costs for the applicable calendar year are determined to be less
than was reported by Landlord in the annual statement of Annual Expenses, Landlord shall provide Tenant with a credit against the next installment of Rental in the amount of the overpayment by Tenant, Likewise, if Operating Costs for the applicable
calendar year are determined to be more than was reported by Landlord in the annual statement of Annual Expenses, Tenant shall pay Landlord the amount of any underpayment within thirty

  
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(30) days. Landlord shall pay for Landlord’s CPA, Tenant shall pay for Tenant’s CPA and the cost of the Deciding CPA shall be divided equally among the parties. No books and records may
he removed from Landlord’s office. Notwithstanding the foregoing, if it is determined that Operating Costs reflected in the annual statement of Actual Expenses have been overstated by five percent (5%) or more, than Landlord shall pay for the
reasonable cost of Tenant’s CPA and the Deciding CPA. Nothing in this paragraph shall in any manner modify Tenant’s obligations to make payments as and when provided under this Lease. 

 

	 	9.	 Parking. 

Subject to the provisions of this Paragraph 9, Tenant, Tenant’s Agents and invitees shall have the non-exclusive right to use the common driveways and truck court areas located in the Outside Area, subject to the parking rights and rights of ingress and egress of other occupants. In addition, Tenant,
Tenant’s Agents and invitees shall have the non exclusive right to use up to (a) ninety-four (94) non-reserved parking spaces in the parking facilities which serve the Premises, plus
(b) four (4) reserved spaces in front of the Building, which shall be designated “BIG Guest Parking.” Tenant’s parking shall be limited to vehicles no larger than standard size automobiles, or standard size trucks, standard size
service vans or sport utility vehicles. Under no circumstances shall overnight parking be allowed, nor shall trucks, trailers or other large vehicles serving the Premises (i) be used for any purpose other than for the loading and unloading of
goods and materials or (ii) be permitted to block streets and/or ingress and egress to and from the Project or (iii) be parked inside any portion of the Premises or the Building. Temporary parking of large delivery vehicles in the Project
may be permitted only with Landlord’s prior written consent. Vehicles shall be parked only in striped parking spaces and not in driveways, loading areas or other locations not specifically designated for parking, Handicapped spaces shall only
be used by those legally permitted to use them. Per Paragraph 1.6 of this Lease, Landlord reserves the right to grant parking rights (exclusive and otherwise) within the relevant portions of the Outside Area to occupants of the Project. 

 

	 	10.	 Indemnification. 

 

	10.1.	 Tenant’s Indemnification. To the fullest extent permitted by law, but subject to Paragraph 11.3
below, Tenant hereby agrees to defend (with counsel reasonably satisfactory to Landlord or Landlord’s Agents, as applicable), indemnify and hold harmless Landlord and Landlord’s Agents from and against any and all claims, damage, loss,
liability or expense including reasonable attorneys’ fees and legal costs suffered directly or by reason of any claim, suit or judgment brought by or in favor of any person or persons for damage, loss or expense due to, but not limited to,
bodily injury and property damage sustained by such person or persons which arises out of, is occasioned by or in any way attributable to the use or occupancy of the Premises or Project, the Project, or any part thereof and adjacent areas by Tenant,
the acts or omissions of the Tenant and/or Tenant’s Agents, except to the extent caused by the negligence or willful misconduct of Landlord or Landlord’s Agents. Tenant agrees that the obligations assumed herein shall survive the
termination or expiration of this Lease. The foregoing indemnity shall not apply, however, to any claims, damage, loss, liability or expense arising 

  
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out of or in connection with the presence of any Hazardous Materials in, on or about the Premises or the Project, which indemnity shall be governed solely by the provisions of Paragraph
6.6. 

  

	10.2.	 Landlord’s Indemnification. Except to the extent caused by Tenant’s breach of this Lease, the
negligence or willful misconduct of Tenant, or any other matter covered under Tenant’s indemnification contained in Paragraph 10.1, Landlord shall indemnify, protect, defend and hold Tenant harmless from and against any and all claims to the
extent incurred in connection with or arising from: (a) with respect to the Premises, the gross negligence or intentional misconduct of Landlord or any officer, employee, agent, or contractor of Landlord; and (b) with respect to the
remainder of the Building and Project other than the Premises, the negligence or intentional misconduct of Landlord or any officer, employee, agent, or contractor of Landlord. 

 

	 	11.	 Insurance; Waiver of Subrogation. 

 

	11.1.	 Landlord. During the Lease Term, Landlord shall keep the Building insured against fire and other risks
covered by a “Causes of Loss-Special Form” property insurance policy and against such other losses (including, without limitation, inflation endorsement, sprinkler leakage endorsement, earthquake, earth movement and flood coverage, and/or
boiler and machinery insurance) as Landlord may deem reasonable, excluding coverage of the Tenant Improvements, and all Alterations made by Tenant and Tenant’s personal property located on or in the Premises. Such insurance shall also include
insurance against loss of rents on a “Causes of Loss-Special Form” basis, including, at Landlord’s option, earthquake, earth movement and flood, in an amount equal to the Base Rent and Additional Rent, and any other sums payable under
the Lease, for a period of at least twelve (12) months commencing on the date of loss. Such insurance shall name Landlord’s Agents as additional insureds and include a lender’s loss payable endorsement in favor of Landlord’s
lender. If the premiums for such insurance are increased after the Commencement Date due to an increase in the value of the Building or its replacement cost, Tenant shall pay Tenant’s Percentage of such increase within thirty (30) days of
written notice of such increase. If such premiums are increased due to Tenant’s use of the Premises, improvements installed by Tenant or any other cause solely attributable to Tenant, Tenant shall pay the full amount of the increase within
thirty (30) days of written notice of such increase. 

  

	11.2.	 Tenant. 

  

	11.2.1.	 Tenant shall keep all of Tenant’s property on the Premises insured against fire and other risks covered by
a “Causes of Loss - Special Form” property insurance policy in an amount equal to the replacement cost of such property, the proceeds of which shall, so long as this Lease is in effect, be used for the repair or replacement of the property
so insured. Tenant shall also carry commercial general liability insurance written on an occurrence basis with policy limits of not less than Five Million and No/100 Dollars ($5,000,000) each occurrence, which includes blanket contractual liability
broad form property damage, personal injury, completed 

  
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operations and products liability. The above initial amount shall be subject to periodic increase based upon inflation, increased liability awards, recommendation of Landlord’s professional
insurance advisers and other relevant factors. In addition, if Tenant’s use of the Premises includes any activity or matter that would be excluded from coverage under a commercial general liability policy, Tenant shall obtain such endorsements
to the commercial general liability policy or otherwise obtain insurance to insure all liability arising from such activity or matter in such amounts as Landlord may reasonably require. The insurance required to be maintained by Tenant under this
Lease shall be primary coverage; any insurance required to be maintained by Landlord under this Lease shall be secondary coverage. 

  

	11.2.2.	 Such commercial general liability insurance shall be (i) provided by an insurer or insurers who are
approved to issue insurance policies in the State in which the Premises is located and have an A.M. Best financial strength rating of A or better and financial size category not less than X in the most current edition of Best’s Insurance
Reports, and (ii) shall be evidenced by a certificate delivered to Landlord on or prior to the Commencement Date and annually thereafter stating that the coverage shall not be cancelled or materially altered without thirty (30) days
advance written notice to Landlord. Landlord and Landlord’s Agents shall be named as an additional insured on such policy together with, upon written request from Landlord, Landlord’s mortgagee. If Tenant fails to procure and maintain the
insurance required hereunder, Landlord may, but shall not be required to, order such insurance at Tenant’s expense and Tenant shall reimburse Landlord. Such reimbursement shall include all costs incurred by Landlord including Landlord’s
reasonable attorneys’ fees, with interest thereon at the interest rate provided in Paragraph 25.2. 

  

	11.3.	 Waiver of Subrogation. Landlord and Tenant each hereby releases the other, and the other’s
partners, officers, directors, members, agents and employees, from any and all liability and responsibility to the releasing party and to anyone claiming by or through it or under it, by way of subrogation or otherwise, for all claims, or demands
whatsoever which arise out of damage or destruction of property occasioned by perils which can be insured by a “Causes of Loss - Special Form” and/or “special coverage” insurance form, including endorsements extending coverage to
the perils of earthquake, earth movement and flood. Landlord and Tenant grant this release on behalf of themselves and their respective insurance companies and each represents and warrants to the other that it is authorized by its respective
insurance company to grant the waiver of subrogation contained in this Paragraph 11.3. This release and waiver shall be binding upon the parties whether or not insurance coverage is in force at the time of the loss or destruction of property
referred to in this Paragraph 11.3. 

  

	11.4.	 Co-Insurer. If, on account of the failure of Tenant to comply
with the foregoing provisions, Landlord is adjudged a co-insurer by its insurance carrier, then, any loss or damage Landlord shall sustain by reason thereof, including attorneys’ fees and costs, shall be
borne by Tenant and shall be immediately paid by Tenant upon receipt of a bill therefor and evidence of such loss. 

  
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	11.5.	 Landlord’s Disclaimer. Landlord and Landlord’s Agents shall not be liable for any loss or
damage to persons or property resulting from fire, explosion, falling plaster, glass, tile or sheetrock, steam, gas, electricity, water or rain which may leak from any part of the Building or from the pipes, appliances or plumbing works therein or
from the roof, street or subsurface, or any other cause whatsoever, unless caused by or due to the sole negligence or willful acts of Landlord. Tenant shall give prompt written notice to Landlord in case of a casualty, accident or repair needed in
the Premises. 

  

	 	12.	 Property Damage. 

 

	12.1.	 Notice; Total Destruction. To the extent that Landlord does not have actual knowledge of the casualty,
as soon as reasonably practicable following a casualty event Tenant shall give written notice to Landlord if either the Premises or the Building is damaged or destroyed. Within forty-five (45) days after the date of discovery of the damage,
Landlord shall provide to Tenant Landlord’s reasonable good faith estimate of the time which Landlord will likely require to complete its repair and restoration obligations (the “Restoration Period Estimate”). If the Premises or the
Building should be totally destroyed or so damaged by an insured peril in an amount exceeding thirty percent (30%) of the full construction replacement cost of the Building or Premises, respectively (as used herein, the “Damage
Threshold”), Landlord may elect to terminate this Lease by notifying Tenant in writing of such termination within forty-five (45) days after the date of discovery of the damage, such notice to include a termination date giving Tenant sixty
(60) days to vacate the Premises, in which event all unaccrued rights and obligations of the parties under this Lease shall cease and terminate except to the extent such obligations specifically survive termination of this Lease.

  

	12.2.	 Partial Destruction. Except as set forth in Paragraph 12.7, if the Building or the Premises
should be damaged by an insured peril which does not meet the Damage Threshold, or if damage or destruction meeting the Damage Threshold occurs but Landlord does not elect to terminate this Lease, this Lease shall not terminate and Landlord shall
restore the Premises to substantially its previous condition, except that Landlord shall not be required to rebuild, repair or replace any part of the partitions, fixtures, Alterations, additions and other improvements required to he covered by
Tenant’s insurance pursuant to Paragraph 11.2. If the Premises are untenantable in whole or part during the period commencing upon the date of the occurrence of such damage and ending upon substantial completion of Landlord’s
required repairs or rebuilding. Base Rent shall be reduced during such period to the extent the Premises are not reasonably usable by Tenant for the Permitted Use. 

 

	12.3.	 Damage Near End of Lease Term. If the damage to the Premises or Building occurs during the last twelve
(12) months of the Lease Term in an amount exceeding twenty-five percent (25%) of the full construction replacement cost of the Building or Premises, respectively, either Landlord or Tenant may elect to terminate this Lease as of the date the
damage occurred, regardless of the sufficiency of any insurance proceeds. The party electing to terminate this Lease shalt give written notification to the other party of such election within thirty (30) days after Tenants notice to Landlord of
the occurrence of the damage, in which event all unaccrued rights and obligations of the parties under this Lease shall cease and terminate except to the extent such obligations specifically survive termination of this Lease. 

  
 Page 30 

	12.4.	 Repair of Damage. Landlord’s good faith estimate of the cost of repairs of any damage, the
replacement cost of the Premises or the Building, and as provided in Landlord’s Restoration Period Estimate, the estimated time to complete restoration shall be conclusive as between Landlord and Tenant. Landlord shall promptly and diligently,
subject to reasonable delays for insurance adjustment or other matters beyond Landlord’s reasonable control, and subject to all other terms of this Paragraph 12, restore the Premises, damaged portions of the Outside Area serving the Building,
and the Building, as applicable. Such restoration shall be to substantially the same condition of the Premises, such portions of the Outside Area, and Building, respectively, prior to the casualty, except for modifications required by zoning and
building codes and other laws or by the holder of a mortgage on the Building or Project or any other modifications to the Premises, Outside Area, or Building, respectively, deemed desirable by Landlord, which are consistent with the character of the
Project, provided that, upon completion of such restoration, access to and use of the Premises shall not be materially impaired. All insurance proceeds for repairs shall be payable solely to Landlord, and Tenant shall have no interest therein,
Nothing herein shall be construed to obligate Landlord to expend monies in excess of the insurance proceeds received by Landlord. Landlord shall be responsible for the insurance deductible, unless the loss is caused by Tenant or Tenant’s
Agents, in which case, and notwithstanding the provisions of Paragraph 11.3, Tenant shall be responsible for the amount of the deductible, Notwithstanding any provision to the contrary, Landlord’s obligation, should it elect or be
obligated to repair or rebuild, shall be limited to the Premises, the Building or the Outside Area as the same existed immediately prior to the casualty, excluding, however, Landlord’s Work and any Alterations made by Tenant.

  

	12.5.	 Other Damage. if the Premises or the Building is substantially or totally destroyed by any cause
whatsoever which is not covered by the foregoing provisions of this Paragraph 12, this Lease shall terminate as of the date the destruction occurred; provided, however, that if the damage does not meet the Damage Threshold, Landlord may elect
(but will not be required) to rebuild the Premises at Landlord’s own expense, in which case this Lease shall remain in full force and effect. Landlord shall notify Tenant of such election within thirty (30) days after the casualty.

  

	12.6.	 Insurance Proceeds Payable to Landlord. Notwithstanding anything to the contrary, in the event of any
termination of this Lease as provided in this Paragraph 12, all insurance proceeds payable under policies maintained by Tenant covering Landlord’s Work and the Alterations made by Tenant shall be assigned and paid to Landlord.

  

	12.7.	 Tenant’s Rights to Terminate. Notwithstanding anything to the contrary elsewhere in this Paragraph
12, in the event either the Premises or Building is damaged or destroyed by fire or other casualty, and (a) Landlord’s Restoration Period Estimate indicates that the restoration obligations of Landlord described above cannot reasonably be
completed within the period of two hundred seventy (270) days following the date of such casualty as reasonably determined 

  
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by Landlord, or (b) if Landlord undertakes such restoration and subsequently fails to complete the same within two hundred seventy (270) days following the date of the casualty, then in
any of such events Tenant may terminate this Lease by delivering written notice thereof to Landlord within twenty-one (21) days following receipt by Tenant of Landlord’s estimated timeline to
complete repairs if the termination relates to (a) above, or within twenty-one (21) days following Landlord’s failure to timely complete the repairs if the termination relates to (b) above
(unless Landlord actually completes such repairs within twenty-one (21) days after receipt of Tenant’s notice of termination). 

 

	 	13.	 Condemnation. 

 

	13.1.	 Partial Taking. If a portion of the Premises and/or the Outside Area serving the Premises is condemned
and Paragraph 13.2 does not apply, this Lease shall continue on the following terms: 

  

	13.1.1.	 Landlord shall be entitled to all of the proceeds of condemnation, and Tenant shall have no claim against
Landlord as a result of the condemnation. Tenant shall, however, be entitled to make a separate claim for moving and relocation expenses and other damages suffered by Tenant, and Landlord agrees to reasonably cooperate, at no additional cost to
Landlord, with Tenant to the extent such claim must be submitted with those of Landlord provided that in no event shall Landlord’s award be reduced by any claim made by Tenant. 

 

	13.1.2.	 Landlord shall proceed as soon as reasonably possible to make such repairs and alterations to the Premises as
are necessary to restore the remaining Premises and/or the remaining Outside Area serving the Premises to a condition as comparable as reasonably practicable to that existing at the time of condemnation. Landlord need not incur expenses for
restoration in excess of the amount of condemnation proceeds received by Landlord after payment of all reasonable costs, expenses and attorneys fees incurred by Landlord in connection therewith. 

 

	13.1.3.	 Rent shall be abated during the period of restoration to the extent the Premises are not reasonably usable by
Tenant for the use permitted by Paragraph 6.1, and rent shall be reduced for the remainder of the Lease Term in an amount equal to the reduction in rental value of the Premises caused by the taking. 

 

	13.2.	 Total Taking. Either party may terminate this Lease if any material part of the Premises is taken or
condemned for any public or quasi-public use under Law, by eminent domain or private purchase in lieu thereof (a “Taking”). Landlord shall be entitled to all of the proceeds of condemnation, and Tenant shall have no claim against Landlord
as a result of such condemnation, except for any portions of such award or proceeds which are specifically allocated by a court of competent jurisdiction for the taking of or damage to trade fixtures of Tenant, Tenants moving expenses or any other
damages personal to Tenant as determined by the court which if sought by or paid to Tenant will not reduce the award to which Landlord would in the absence of such payment be entitled to claim for its account. If only a part of the Premises is
subject to a Taking and this Lease is not terminated, Landlord, with reasonable 

  
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diligence, will restore the remaining portion of the Premises as nearly as practicable to the condition immediately prior to the Taking. Tenant agrees that the provisions of this Lease shall
govern any Taking and shall accordingly supersede any contrary statute or rule of law. 

  

	 	14.	 Assignment, Subletting and Other Transfers. 

 

	14.1.	 General. Except with respect to a Permitted Transfer (as defined below), neither the Lease nor any part
of the Premises may be assigned, mortgaged, subleased or otherwise transferred, nor may a right of use of any portion of the Premises be conferred on any person or entity by any other means, without the prior written consent of Landlord which shall
not be unreasonably withheld, conditioned or delayed. Prior to effectuating any such assignment, sublease or other transfer, Tenant shall notify Landlord in writing of the name and address of the proposed transferee, and deliver to Landlord with
such notice a true and complete copy of the proposed assignment agreement, sublease or other occupancy agreement, current financial statements of such proposed transferee, a statement of the use of the Premises by such proposed transferee and such
other information or documents as may be necessary or appropriate to enable Landlord to determine the qualifications of the proposed transferee together with a request that Landlord consent thereto (“Tenant’s Notice”). Should Landlord
request confidential items such as financial information, Landlord shall sign a commercially reasonable non-disclosure agreement with whichever party is providing the confidential information, in form and
substance reasonably satisfactory to both parties. Without limiting Landlord’s ability to deny or condition consent for any other reason, it shall not be considered unreasonable if Landlord’s consent to a proposed sublease, assignment or
other transfer is denied based on the following: (i) the business of the proposed transferee (A) is not compatible with the nature and character of the Project or the businesses in the Project and/or (B) will conflict with any
exclusive uses or use restrictions that Landlord has granted to other occupants of the Project (as of the Reference Date of this Lease, there are no such exclusive uses or use restrictions), (ii) the financial strength of the proposed transferee is
not at least equal to the financial strength of Tenant either at the time Tenant entered into this Lease or at the time of the proposed transfer (whichever is greater), (iii) excessively overpark the Building and/or the Project with automobiles or
trucks (excessively overpark shall mean that the proposed transferee’s parking will violate local parking restrictions or will interfere with other tenants occupying the Building or the Project), (iv) the proposed transferee has a record of
environmental contamination or their anticipated use of the Premises involves the generation, storage, use, sale, treatment, release or disposal of any Hazardous Materials, (v) the proposed form of sublease, assignment or other occupancy
agreement is unacceptable (unacceptable form of sublease, assignment or other occupancy agreement shall mean that the content and format of the form are not consistent with the terms of this Lease or the CC&R’s or are not consistent with
the terms and requirements of Landlord’s loan documents for the Building), (vi) the proposed transferee is a governmental entity or agency or non-profit entity, or (vii) the proposed transferee is a
party with whom Landlord has been, within the prior three months, actually negotiating to lease space at the Project. Any attempted assignment, subletting, transfer or encumbrance by Tenant in violation of the terms and covenants of this
Paragraph 14.1 shall be void. 

  
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	14.2.	 Landlord’s Alternatives. Except in the event of a Permitted Transfer (which shall not be subject to
the provisions of this Paragraph 14.2), within thirty (30) days after Landlord’s receipt of the information specified in Paragraph 14.1, Landlord shall, by written notice to Tenant, elect: (i) if the proposed transfer is
a sublease, then to terminate this Lease as of the commencement date stated in the proposed sublease with respect to all or any portion of the Premises Tenant proposes to sublease, or if the proposed transfer is an assignment of Tenant’s
interest in the Lease, then to terminate this Lease as of the commencement date stated in the proposed assignment; (ii) to consent to the transfer by Tenant; or (iii) to refuse its consent to the transfer. If Landlord proceeds under clause
(ii) of this Paragraph 14.2 and consents to the transfer, Tenant may thereafter enter into a valid sublet of the Premises or portion thereof, upon the terms and conditions and with the proposed transferee set forth in the information
furnished by Tenant to Landlord pursuant to Paragraph 14.1, subject, however, to the requirements of Paragraph 14.4. 

  

	14.3.	 Permitted Transfer. Notwithstanding the foregoing, and subject to Paragraph 6,1 of this Lease regarding
the use of the Premises and Paragraph 6.6, Landlord’s prior written consent shall not be required for an assignment of this Lease or a sublease of the entire Premises to any of the following transferees (each such transferee being a
“Permitted Transferee”): (i) an Affiliate (hereafter defined in this Paragraph 14.3) of Tenant; (ii) a corporation or other valid entity into which Tenant merges or consolidates; and (iii) a transferee that purchases
all of, or at least ninety percent (90%) of, Tenant’s assets. The assignment of this Lease to or a sublease of the entire Premises to a Permitted Transferee shall be subject to the following conditions: (A) Tenant shall give Landlord prior
written notice of the name of any such assignee or subtenant; (B) any assignee shall assume, in writing, for the benefit of Landlord all of Tenant’s obligations under this Lease, and any subtenant shall agree, in writing, for the benefit
of Landlord that such sublease is subject to and subordinate to this Lease; (C) the Tenant shall not be released from any obligations under this Lease; and (D) the Permitted Transferee shall have a tangible net worth which is at least
equal to the greater of Tenant’s tangible net worth at the time of the assignment or sublease, as applicable, or on the Effective Date. The term “Affiliate” as used herein shall mean any partnership, limited liability company, or
corporation, which directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with another partnership, limited liability company, or corporation. The term “control” as used in the
immediately preceding sentence shall mean with respect to a corporation the right to exercise, directly or indirectly, more than fifty percent (50%) of the voting rights attributable to the controlled corporation, and, with respect to any
partnership or, the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of the controlled partnership or limited liability company, as applicable. 

 

	14.4.	 No Release; Excess Rent. No assignment, subletting or other transfer, whether consented to by
Landlord or not, or permitted hereunder, shall relieve Tenant of its liability under this Lease. If an event of default occurs while the Premises or any part thereof are assigned, sublet or otherwise transferred, then Landlord, in addition to any
other remedies herein provided, or 

  
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provided by law, may collect directly from such assignee, sublessee or transferee all rents payable to Tenant and apply such rent against any sums due Landlord hereunder. No such collection shall
be construed to constitute a novation or a release of Tenant from the further performance of Tenant’s obligations hereunder. If Tenant assigns or otherwise transfers this Lease or sublets the Premises for an amount in excess of the rent called
for by this Lease, one-half of the Excess Consideration (as defined below) shall be paid to Landlord within ten (10) days following receipt by Tenant. As used herein, “Excess Consideration”
means all rents or other sums received by Tenant under any such assignment, sublease or other transfer which are in excess of the rents and other sums payable by Tenant under this Lease after deduction therefrom for reasonable costs actually paid by
Tenant for additional improvements installed in the portion of the Premises subject to such assignment, sublease or other transfer by Tenant at Tenant’s sole cost and expense for the specific assignee, sublessee or other transfer in question
and reasonable leasing commissions and attorneys’ fees paid by Tenant in connection with such assignment, sublease or other transfer, without deduction for carrying costs due to vacancy or otherwise, For the purposes of determining the Excess
Consideration payable to Landlord pursuant to Paragraph 14.2, if a portion of the Premises is sublet, the pro rata share of the rent attributable to such partial area of the Premises shall be determined by Landlord by dividing the rent
payable by Tenant hereunder by the total square footage of the Premises and multiplying the resulting quotient (the per square foot rent) by the number of square feet of the Premises which are sublet. Landlord may hire outside consultants to review
the transfer documents and information, Tenant shall pay Landlord an administrative fee of One Thousand Dollars ($1,000) and in addition shall reimburse Landlord for all costs and expenses incurred by Landlord in connection with any request for
consent under this Paragraph (even if consent is denied or the request is withdrawn) and such reimbursement shall include the allocated cost of Landlord’s or its management company’s staff plus all out-of-pocket expenses, including reasonable attorneys fees, on demand. 

 
15.    Tenant Default. 
  

	15.1.	 Default. Any of the following shall constitute a default by Tenant under this Lease:

  

	15.1.1.	 Tenant’s failure to (i) pay rent or any other charge under this Lease within five (5) days
following the date such payment is due or (ii) cure or remove any lien pursuant to Paragraph 19 within twenty (20) days following receipt of written notice from Landlord or (iii) except as provided in Paragraphs 15.1.2
through 15.1.4, comply with any other term or condition within thirty (30) days following receipt of written notice from Landlord specifying the noncompliance. If any failure described in clause (iii) of the immediately preceding
sentence cannot be cured within the thirty (30)-day period, this provision shall be deemed complied with so long as Tenant commences correction within such period and thereafter proceeds in good faith and with
reasonable diligence to effect the remedy as soon as practicable, in no event to exceed sixty (60) days from the date of receipt of notice from Landlord. 

 

	15.1.2.	 Tenant’s insolvency; assignment for the benefit of its creditors: Tenant’s voluntary petition in
bankruptcy or adjudication as bankrupt; attachment of or the levying of execution on the leasehold interest and failure of Tenant to secure discharge of the attachment or release of the levy of execution within ten (10) days: or the appointment
of a receiver for Tenant’s properties. 

  
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	15.1.3.	 Abandonment (other than due to a casualty, legal order to vacate or a closure of the Building not caused by
Tenant) of the Premises by Tenant unless Tenant has made proper arrangements for the continued care of the Premises, in accordance with the requirements of this Lease. 

 

	15.1.4.	 Failure of Tenant to deliver the documents or agreements required under Paragraphs 18.1 and/or 18.3
within the relevant time period(s) specified therein. 

  

	15.2.	 Remedies. Upon a default which remains uncured following the expiration of any applicable notice and
cure period, Landlord shall have the following remedies, in addition to all other rights and remedies provided by law or otherwise provided in this Lease, to which Landlord may resort cumulatively or in the alternative: 

 

	15.2.1.	 Landlord may continue this Lease in full force and effect, and this Lease shall continue in full force and
effect as long as Landlord does not terminate this Lease, and Landlord shall have the right to collect Rent when due. 

  

	15.2.2.	 Landlord may terminate. Tenant’s right to possession of the Premises at any time by giving written notice
to that effect, and relet the Premises or any part thereof. Tenant shall be liable immediately to Landlord for all costs Landlord incurs in reletting the Premises or any part thereof, including, without limitation, broker’s commissions,
expenses of cleaning and redecorating the Premises required by the reletting and like costs. Reletting may be for a period shorter or longer than the remaining term of this Lease. No act by Landlord other than giving written notice to Tenant shall
terminate this Lease. Acts of maintenance, efforts to relet the Premises or the appointment of a receiver on Landlord’s initiative to protect Landlord’s interest under this Lease shall not constitute a termination of Tenant’s right to
possession. On termination, Landlord has the right to remove all Tenant’s personal property and store the same at Tenant’s cost and to recover from Tenant as damages: 

(i)    The worth at the time of award of unpaid Rent and other sums due and payable which had been earned at the time of
termination; plus 
 (ii)    The worth at the time of award of the amount by which the unpaid Rent and other sums due and
payable which would have been payable after termination until the time of award exceeds the amount of such Rent loss that Tenant prove could have been reasonably avoided; plus 

(iii)    The worth at the time of award of the amount by which the unpaid Rent and other sums due and payable for the
balance of the Lease Term after the time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; plus 

  
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 (iv)    Any other amount necessary to compensate Landlord for all the
detriment proximately caused by Tenant’s failure to perform Tenant’s obligations under this Lease, or which, in the ordinary course of things, would be likely to result therefrom, including, without limitation, any costs or expenses
incurred by Landlord: (A) in retaking possession of the Premises; (B) in maintaining, repairing, preserving, restoring, replacing, cleaning, altering or rehabilitating the Premises or any portion thereof, including such acts for reletting
to a new tenant or tenants; (C) for leasing commissions; or (D) for any other costs necessary or appropriate to relet the Premises; plus 

(v)    At Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be permitted from
time to time by the laws of the State of California. 
 The “worth at the time of award” of the amounts referred to
in Paragraphs 15.2.2(i) and 15.2.2(ii) is computed by allowing interest at the interest rate as provided in Paragraph 25.2 on the unpaid rent and other sums due and payable from the termination date through the date of award.
The “worth at the time of award” of the amount referred to in Paragraph 15.2.2(iii) 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%).
Tenant waives redemption or relief from forfeiture under California Code of Civil Procedure §1174 and §1179, or under any other present or future law, in the event Tenant is evicted or Landlord takes possession of the Premises by reason of
any default of Tenant hereunder. 
  

	15.2.3.	 Landlord may, with or without terminating this Lease, re-enter the
Premises and remove all persons and property from the Premises; such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of Tenant. No re-entry or taking
possession of the Premises by Landlord pursuant to this Paragraph 15.2 shall be construed as an election to terminate this Lease unless a written notice of such intention is given to Tenant. 

 

	15.2.4.	 Tenant acknowledges that certain benefits or concessions provided by Landlord are conditioned upon
Tenant’s timely, fully and faithful performance of each and every obligation, covenant, representation and warranty of this Lease throughout the entire term of this Lease, even though such benefits or concessions may be realized by Tenant over
less than the entire term of this Lease. Accordingly, notwithstanding anything to the contrary contained herein, in the event Landlord brings an action against Tenant for default under this Lease, Landlord shall become immediately entitled to
receive from Tenant as additional rent the amount of all such benefits and concessions allocable to the balance of the Lease term on a pro rata basis, i.e., an amount equal to the product of (x) the sum of (a) any amounts theretofore or
thereafter paid by Landlord to Tenant or to any third party, or any amounts credited to Tenant or to any third party, for of on account of (i) any moving, tenant improvement, decorating or other allowance or credit granted to Tenant,
(ii) any real estate commission paid on account of this Lease, and (iii) any expenses or costs related to assumption by Landlord of any other lease, plus (b) an amount equal to the difference between the Base Rent specified in this
Lease and rent for any period for which this Lease provides any lesser amount including zero or nominal rent, including for any period of early occupancy of the Premises prior to the Commencement

  
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Date of this Lease, plus (c) the amount spent by Landlord for any tenant improvements to the Premises; multiplied by (y) a fraction, the numerator of which is the number of days of the
term of this Lease remaining between the date of default and the expiration of the term of this Lease, and the denominator of which is the total number of days for the term of this Lease. 

 

	15.3.	 Bankruptcy. 

  

	15.3.1.	 The commencement of a bankruptcy action or liquidation action or reorganization action or insolvency action or
an assignment of or by Tenant for the benefit of creditors, or any similar action undertaken by Tenant, or the insolvency of Tenant, shall, at Landlord’s option, constitute a breach of this Lease by Tenant. If the trustee or receiver appointed
to serve during a bankruptcy, liquidation, reorganization, insolvency or similar action elects to reject Tenant’s unexpired Lease, the trustee or receiver shall notify Landlord in writing of its election within thirty (30) days after an
order for relief in a liquidation action or within thirty (30) days after the commencement of any action. 

  

	15.3.2.	 Within thirty (30) days after court approval of the assumption of this Lease, the trustee or receiver
shall cure (or provide adequate assurance to the reasonable satisfaction of Landlord that the trustee or receiver shall cure) any and all previous defaults under the unexpired Lease and shall compensate. Landlord for all actual pecuniary loss
resulting from Tenant’s breach of this Lease, including any attorneys’ fees and costs incurred by Landlord as a result of such breach and/or the bankruptcy proceedings instituted by or against Tenant, and shall provide adequate assurance
of future performance under the Lease to the reasonable satisfaction of Landlord. Adequate assurance of future performance, as used herein, includes, but shall not be limited to (1) assurance of source and payment of Rent and other
consideration due under this Lease and (ii) assurance that the assumption or assignment of this Lease will not breach any provision, such as radius, location, use or exclusivity provisions in any other lease of space within the Project.

  

	15.3.3.	 Nothing contained in this Paragraph 15.3 shall affect the right of Landlord to refuse to accept an
assignment upon commencement of or in connection with a bankruptcy, liquidation, reorganization or insolvency action or an assignment of Tenant for the benefit of creditors or other similar act. Nothing contained in this Lease shall be construed as
giving or granting or creating equity in the Premises to Tenant. In no event shall the leasehold estate under this Lease, or any interest therein, be assigned by voluntary or involuntary bankruptcy proceeding without the prior written consent of
Landlord. In no event shall this Lease or any rights or privileges hereunder be an asset of Tenant under any bankruptcy, insolvency or reorganization proceedings. 

 

	15.4.	 No Bar of Action(s). Landlord may sue periodically to recover damages during the period corresponding to
the remainder of the Lease Term, and no action for damages shall bar a later action for damages subsequently accruing. 

  
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	15.5.	 Landlord Cure. If Tenant fails to perform any obligation under this Lease, Landlord shall have the
option to do so after five (5) days written notice to Tenant. All of Landlord’s expenditures to correct the default shall be reimbursed by Tenant on demand together with interest at the interest rate provided in Paragraph 25.2 from
the date of expenditure until repaid. Such action by Landlord shall not waive any other remedies available to Landlord because of the default. 

  

	15.6.	 No Exclusion. The foregoing remedies shall be in addition to and shall not exclude any other remedy
available to Landlord at law or in equity. 

 16.    Landlord
Default. 
  

	16.1.	 Landlord shall be in default under this Lease if it shall fail to comply with any term, provision or covenant
of this Lease and shall not cure such failure within thirty (30) days after written notice thereof to Landlord unless such cure cannot reasonably be accomplished within such thirty (30)-day period, then
Landlord shall not be in default under this Lease if it shall commence such performance within such thirty (30) day period and thereafter diligently pursues the same to completion, if Landlord shall default in the performance of any of its
obligations under this Lease (after notice and opportunity to cure as provided herein), Tenant may pursue any remedies available to it under the law and this Lease, provided that (i) Tenant shall use reasonable efforts to mitigate its damages;
(ii) in no event shall Landlord be liable for punitive damages, lost profits, business interruption, speculative, consequential or other such damages; and (iii) in recognition that Landlord must receive timely payments of Rent and operate
the Project, Tenant shall have no right of self-help to perform repairs or any other obligation of Landlord, and shall have no right to withhold, set-off, or abate Rent. 

17.    Surrender at Expiration or Termination. 

 

	17.1.	 Surrender. On expiration or early termination of this Lease, Tenant shall deliver all keys to Landlord,
have final utility readings made and pay all utility accounts current on the date of move out, and surrender the Premises clean and free of debris inside and out, with all mechanical, electrical, and plumbing systems in good operating condition, all
signing removed and defacement corrected, all repairs called for under this Lease completed, all interior walls repaired if damaged, all broken, marred or nonconforming acoustical ceiling tiles replaced, all interior windows washed, the plumbing and
electrical systems and lighting in good order and repair, including replacement of any burned out or broken light bulb or ballasts, and all floors cleaned, all to the reasonable satisfaction of Landlord. Also prior to the expiration or earlier
termination of the Lease Term. Tenant shall, at its sole cost and expense, remove all Tenant’s personal property from the Premises. The Premises shall be delivered in the same condition as at the Commencement Date, subject only to damage by
casualty, the provisions of Paragraphs 6.4, 6.5, 6.6 and 17.2 and depreciation and wear from ordinary use. Tenant shall remove all of its furnishings and trade fixtures that remain its property and restore all damage resulting from such
removal. Failure to remove said property shall be an abandonment of same, and Landlord may remove and/or dispose of it in any manner permitted under law without liability, and Tenant shall be liable to Landlord for any costs of removal, restoration,

  
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transportation to storage, storage and/or disposal, plus an administrative fee of ten percent (10%), together with interest on ail such expenses and fees at the interest rate provided in
Paragraph 25.2, The provisions of this Paragraph 17.1 (including, without limitation, all provisions referenced herein) shall survive the expiration or earlier termination of this Lease. 

 

	17.2.	 Removal of Hazardous Materials. Upon expiration of this Lease or sooner termination of this Lease for
any reason, Tenant shall (i) remove all Hazardous Materials and facilities used for the storage or handling of Hazardous Materials from the Premises and restore the affected areas by repairing any damage caused by the installation or removal of
the facilities and (ii) take any and all actions necessary to close all Hazardous Materials permits and approvals for the Premises with all government and other regulatory agencies having jurisdiction over the Project. Following such removal,
Tenant shall certify in writing to Landlord that all such removal is complete. Until such time as Tenant has fulfilled all the requirements of this Paragraph 17.2 (in addition to any other requirements), Landlord may treat Tenant as a
holdover Tenant as provided below; provided, however, that any such continuation of this Lease shall not relieve Tenant of its obligations under this Paragraph 17.2. 

 

	17.3.	 Failure to Vacate. if Tenant fails to vacate the Premises when required and holds over without
Landlord’s prior written consent, Landlord may elect either (i) to treat Tenant as a tenant from month to month, subject to all provisions of this Lease except the provision for Lease Term and at a rental rate equal to (A) for the
first ninety (90) days of such holdover, one and one-half times the Base Rent plus all Additional Rent payable by Tenant immediately preceding the scheduled expiration of the Lease Term, and
(B) thereafter, twice the Base Rent plus all Additional Rent payable by Tenant immediately preceding the scheduled expiration of the Lease Term, or (ii) to treat Tenant as a tenant at sufferance, eject Tenant from the Premises and recover
damages caused by wrongful holdover including, without limitation, as set forth in Paragraph 17.4. Failure of Tenant to remove furniture, furnishings, cabling or other telecommunications equipment, or trade fixtures which Tenant is required
to remove under this Lease, or to comply fully with the provisions of Paragraph 17.2, shall constitute a failure to vacate to which this Paragraph 17.3 shall apply if such property not removed substantially interferes with occupancy of
the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. If a month-to-month tenancy results from a holdover
by Tenant under this Paragraph 17.3, the tenancy shall be terminable by either Landlord or Tenant upon thirty (30) days prior written notice from by one party to the other party. Tenant waives any notice that would otherwise be provided
by law with respect to a month-to-month tenancy. 

  

	17.4.	 Indemnification. Tenant acknowledges that, if Tenant holds over without Landlord’s consent as
provided above, such holding over may compromise or otherwise affect Landlord’s ability to enter into new leases with prospective tenants regarding the Premises and/or the Building. Therefore, if Tenant fails to surrender the Premises upon the
expiration or other termination of this Lease, then, in addition to any other damages directly resulting from and proximately caused by such un-consented to holding over, Tenant shall protect, defend,
indemnify and hold 

  
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Landlord harmless from any and all obligations, losses, claims, actions, causes of action, liabilities, penalties, damages (excluding, however, consequential and punitive damages), costs and
expenses (including reasonable attorneys and consultants fees and expense) to the extent directly resulting from and proximately caused by such failure including, without limiting the generality of the foregoing, any claims for damages made by any
succeeding tenant to the extent directly resulting from and proximately caused by Tenant’s failure to timely surrender the Premises. The provisions of this Paragraph 17.4 are in addition to, and do not affect. Landlord’s right to reentry
or other rights hereunder or provided by law. Tenant’s obligations under this Paragraph 17.4 shall survive the expiration or earlier termination of this Lease. 

18.    Mortgage or Sale by Landlord; Estoppel Certificates. 

 

	18.1.	 Priority. This Lease is subject and subordinate to mortgages and deeds of trust (collectively
“Encumbrances”) which may now affect the Premises or the parcel on which the Building or the Project are located, to the CC&Rs and to all renewals, modifications, consolidations, replacements and extensions thereof; provided, however,
if the holder or holders of any such Encumbrance (“Holder”) shall require that this Lease be prior and superior thereto, Tenant shall, within ten (10) days after written request from Landlord, execute, have acknowledged and deliver
any and all reasonable documents or instruments, which Landlord or Holder deems necessary or desirable for such purposes. Landlord shall have the right to cause this Lease to be and become and remain subject and subordinate to any and all
Encumbrances which may hereafter be executed covering the Premises or the parcel on which the Building or the Project are located, or any renewals, modifications, consolidations, replacements or extensions thereof, for the full amount of all
advances made or to be made thereunder and without regard to the time or character of such advances, together with interest thereon at the interest rate provided in Paragraph 25.2 and subject to all the terms and provisions thereof; provided
only, that (x) with respect to any such lease, mortgage, or deed of trust, in the event of termination of any such lease or upon the foreclosure of any such mortgage or deed of trust, so long as Tenant is not in default, Holder agrees to
recognize Tenant’s rights under this Lease as long as Tenant shall pay the Rent and observe and perform all the provisions of this Lease to he observed and performed by Tenant, and (y) with respect to all other Encumbrances, no such
Encumbrance shall materially increase Tenant’s obligations or materially decrease Tenant’s rights and privileges under this Lease. Within ten (10) days after Landlord’s written request. Tenant shall execute any and all documents
required by Landlord or the Holder to make this Lease subordinate to any lien of the Encumbrance. If Tenant fails to do so, it shall be in default under this Lease and, in addition to all of Landlord’s other rights and remedies for such
default, it shall be deemed that this Lease is subordinated. 

 Landlord shall make reasonable efforts to secure a non-disturbance agreement from each current Holder of a relevant superior interest in the Premises. 
  

	18.2.	 Attornment. If the Building is sold as a result of foreclosure of any Encumbrance thereon or otherwise
transferred by Landlord or any successor, Tenant shall attorn to the purchaser or transferee, and the transferor shall have no further liability hereunder. 

  
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	18.3.	 Estoppel Certificate. Tenant shall, within ten (10) business days following written request by
Landlord, execute and deliver to Landlord an estoppel certificate, in the form prepared by Landlord (i) certifying that this Lease is unmodified and in full force and effect or, if modified, stating the nature of such modification and
certifying that this Lease, as so modified, is in full force and effect and the date to which the rent and other charges are paid in advance, if any, and (ii) acknowledging that there are not, to Tenant’s knowledge, any uncured defaults on
the part of Landlord, or, if there are uncured defaults on the part of the Landlord, stating the nature of such uncured defaults, and (iii) evidencing the status of the Lease as may be required either by a lender making a loan to Landlord to be
secured by deed of trust or mortgage covering the Building and/or the parcel on which the Building is located, or a purchaser of the Building and/or the parcel on which the Building is located from Landlord. Tenant’s failure to deliver an
estoppel certificate within ten (10) business days after delivery of Landlord’s written request therefor shall be conclusive upon Tenant (A) that this Lease is in full force and effect, without modification except as may be
represented by Landlord, (B) that there are now no uncured defaults in Landlord’s performance and (C) that no rent has been paid in advance. 

19.    Liens. 

Tenant shall keep the Premises, the Building, and the Project free from any liens arising out of any work performed, materials
furnished or obligations incurred by or on behalf of Tenant and shall indemnify, defend and hold Landlord and Landlord’s Agents harmless from all claims, costs and liabilities, including attorneys fees and costs, in connection with or arising
out of any such lien or claim of lien. Tenant shall cause any such lien imposed to be released of record by payment or posting of a proper bond acceptable to Landlord within twenty (20) days after written request by Landlord. Tenant shall give
Landlord written notice of Tenant’s intention to perform work on the Premises, which might result in any claim of lien at least twenty (20) days prior to the commencement of such work to enable Landlord to post and record a Notice of
Nonresponsibility. If Tenant fails to so remove any such lien within the prescribed twenty (20) day period, then Landlord may do so at Tenant’s expense and Tenant shall reimburse Landlord for such amounts upon demand. Such reimbursement
shall include all costs incurred by Landlord including Landlord’s reasonable attorneys’ fees with interest thereon at the interest rate provided in Paragraph 25.2. 

20.    Attorneys Fees; Waiver of Jury Trial. 

In the event that any party shall bring an action to enforce its rights under this Lease, the prevailing party in any such
proceeding shall be entitled to recover its reasonable attorneys, witness and expert fees and costs of the proceeding, including any appeal thereof and in any proceedings in bankruptcy. For purposes hereof, the reasonable fees of Landlord’s in-house attorneys or Tenant’s in-house attorneys, as the case may be, who perform services in connection with any such enforcement action are recoverable, and shall be
based on the fees regularly charged by private attorneys with the equivalent number of years of experience in the relevant subject matter area of the law, in law firms in the City of Seattle, Washington with approximately the same number of
attorneys as are employed by Landlord’s Law Department 

  
 Page 42 

 
or Tenant’s Law Department, as the case may be. The provisions of this Paragraph 20 are separate and severable and shall survive a judgment on this Lease, To the extent allowed by
Applicable Law, disputes between the parties which are to be litigated shall be tried before a judge without a jury. 
 
21.    Limitation on Liability; Transfer by Landlord. 
  

	21.1.	 Property and Assets. Landlord shall never be personally liable under this Lease; Tenant shall look
solely to Landlord’s interest in the Building and the parcel on which the Building is located for any recovery of damages for any breach by Landlord of this Lease, or any recovery of any judgment against Landlord. None of the members comprising
Landlord (whether partners, members, shareholders, officers, directors, trustees, employees, beneficiaries or otherwise) shall ever be personally liable for any such judgment. There shall be no levy of execution against any assets of Landlord, other
than the Building and the parcel on which the Building is located, or the assets of such members on account of any liability of Landlord hereunder. Tenant hereby waives any right of recovery or satisfaction of any judgment against Landlord or its
members, except as to Landlord’s interest in the Building and the parcel on which the Building is located as herein specified. 

  

	21.2.	 Transfer by Landlord. All obligations of Landlord hereunder will be binding upon Landlord only during
the period of its possession of the Premises and not thereafter. The term “Landlord” shall mean only the owner of the Premises for the time being, and if such owner transfers its interest in the Premises, such owner shall thereupon be
released and discharged from all covenants and obligations of the Landlord thereafter accruing, but such covenants and obligations shall be binding during the Lease Term upon each new owner for the duration of each owner’s ownership.

  

	21.3.	 Other Occupants. Landlord shall have no liability to Tenant for loss or damages arising out of the acts
or inaction of other tenants or occupants. 

 22.    Landlord’s
Right to Perform Tenant’s Covenants. 
 If Tenant shall at any time fail to make any payment or perform any other
act on its part to be made or performed under this Lease, Landlord may, but shall not be obligated to and without waiving or releasing Tenant from any obligation of Tenant under this Lease, upon written notice to Tenant, make such payment or perform
such other act to the extent Landlord may deem desirable, and in connection therewith, pay expenses and employ counsel. All sums so paid by Landlord and all penalties, interest and costs in connection therewith shall be due and payable by Tenant on
the next day after any such payment by Landlord, together with interest thereon at the interest rate provided in Paragraph 25.2 from such date to the date of payment by Tenant to Landlord, plus collection costs and attorneys’ fees.
Landlord shall have the same rights and remedies for the nonpayment thereof as in the case of default in the payment of Rent. 

  
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 23.    Mortgagee Protection. 

If Landlord defaults under this Lease, Tenant will notify any beneficiary of a deed of trust or mortgagee of a mortgage
covering the Building and/or the parcel on which the Building is located for which Landlord has provided Tenant with a name and address, and offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain
possession of the Building and/or the parcel on which the Building is located by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. 

24.    Real Estate Brokers; Finders. 

Landlord and Tenant warrant and represent each to the other that it has had no dealings with any real estate broker or agent in
connection with the negotiation of this Lease, except that Mike Saign, Jeff Arrillaga and Todd Shaffer of Cornish & Carey Commercial Newmark Knight Frank represented the Landlord in the negotiation of this Lease, and John McMahon and Paul
McManus of Colliers International represented the Tenant in the negotiation of this Lease (collectively, the “Brokers”), and that neither party knows of any other real estate broker or agent who is or might be entitled to a commission in
connection with this Lease. Real estate commissions shall be paid to the Brokers pursuant to a separate agreement. Landlord and Tenant agree to indemnify, defend and hold each other and their respective agents harmless from and against any and all
liabilities or expenses, including attorneys’ fees and costs, arising out of or in connection with claims made by any broker or individual against the indemnified party for commissions or fees in connection with the execution of this Lease and
resulting from the actions of the indemnifying party. 
 25.    Miscellaneous. 

 

	25.1.	 Force Majeure. The performance of any obligation to be performed by Landlord and Tenant under this
Lease, excluding, however, the obligation to pay rent or any other sum payable to Landlord by Tenant, shall be excused for any period during which either party is prevented from performing such obligation due to causes beyond such parties control,
including without limitation, strikes, lockouts or other labor disturbance or labor dispute, governmental regulation, moratorium or other governmental action, civil disturbance, war, war-like operations,
terrorism, invasions, rebellion, hostilities, sabotage, fires or other casualty, rain, flooding, hailstorms, lightning, earthquake, or other acts of God (collectively, “force majeure”). Landlord and Tenant each agree to (i) provide
written notice to the other if Landlord or Tenant is unable to perform any obligation imposed upon such party hereunder within the time period required, if such inability to perform is due to force majeure, and (ii) use reasonable efforts to
mitigate the effects of force majeure on the timely performance of such obligation. 

  

	25.2.	 Interest. Except as may be set forth in Paragraph 15.2, interest charged under this Lease shall
be at the rate of twelve percent (12%) per annum (in no event to exceed the maximum rate of interest permitted by law). 

  
 Page 44 

	25.3.	 Late Charges. Tenant acknowledges that late payment by Tenant to Landlord of rent and other charges
provided for under this Lease will cause Landlord to incur costs not contemplated by this Lease, the exact amount of such costs being extremely difficult or impracticable to fix. Therefore, if any installment of rent or any other charge due from
Tenant is not received by Landlord when due, Tenant shall pay to Landlord an additional sum equal to five percent (5%) of the amount overdue as a late charge for every month or portion thereof that the rent or other charges remain unpaid; provided,
however, with regard to the first such failure in any twelve (12) month period, Landlord will waive such late charge to the extent Tenant cures such failure within five (5) business days following Tenant’s receipt of written notice
from Landlord that the same was not received when due. The parties agree that this late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of the late payment by Tenant. 

 

	25.4.	 Modification for Lender. In connection with obtaining financing for the Building, the parcel on which
the Building is located, or the Project. Landlord’s lender shall request reasonable modification to this Lease as a condition to such financing, Tenant shall not unreasonably withhold, delay or defer its consent thereto, provided such
modifications do not materially adversely affect Tenant’s rights hereunder. 

  

	25.5.	 Captions; Paragraph Headings. The captions and headings used in this Lease are for the purpose of
convenience only and shall not be construed to limit or extend the meaning of any part of this Lease. Reference to a “Paragraph” shall mean reference to either a specified numbered paragraph or subparagraph of this Lease.

  

	25.6.	 Nonwaiver. Waiver by either party of strict performance of any provision of this Lease shall not be a
waiver of or prejudice the party’s right to require strict performance of the same provision in the future or of any other provision. 

  

	25.7.	 Succession. Subject to the limitations on transfer of Tenant’s interest, this Lease shall bind and
inure to the benefit of the parties, their respective heirs, successors, and assigns. 

  

	25.8.	 Landlord’s Right to Enter the Premises. Tenant shall permit Landlord and Landlord’s Agents to
enter the Premises with twenty four (24) hour prior notice (except for emergencies and for the purpose of discharging Landlord’s obligations hereunder, in which both such cases no notice shall be required) to inspect the same, to discharge
Landlord’s obligations hereunder, including the maintenance of the Outside Area, to post Notices of Nonresponsibility and similar notices, to show the Premises to prospective purchasers and lenders, to make necessary repairs, to discharge
Tenant’s obligations hereunder when Tenant has failed to do so within a reasonable time after written notice from Landlord, and at any reasonable time within the nine (9) month period prior to the expiration or earlier termination of the
Lease Term_ to place upon the Building and the Outside Area ordinary “For Lease” signs and to show the Premises to prospective tenants. Notwithstanding anything in the foregoing, Landlord shall only be able to post for lease signs and tour
prospective tenants thru the building during the final twelve months of the lease term. Except in the event of an emergency (for which Landlord may enter 

  
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upon the Premises without notice by any means necessary), the above rights are subject to reasonable security regulations of Tenant, and to the requirements that Landlord (i) shall use
reasonable efforts to not interfere with Tenant’s use of, or access to, the Premises, and (ii) shall observe and comply with all of Tenant’s reasonable behavior, health and safety protocol guidelines in effect within the Premises.

  

	25.9.	 Notices. Any notice permitted or required to be given hereunder shall be in writing and shall be given
by personal delivery or certified United States mail (return receipt requested), U.S. Express Mail or overnight air courier, in each case postage or equivalent prepaid, addressed to the address for notices set forth in the Basic Lease Terms.
The person to whom and the place to which notices are to be given may be changed from time to time by either party by written notice given to the other party. If any notice is given by mail, it shall be effective upon the earlier of (i) seventy-two (72) hours after deposit in the U.S. Mail with postage prepaid, or (ii) actual delivery or refusal to accept such delivery, as indicated by the return receipt; and if given by personal
delivery, U.S. Express Mail or by overnight air courier, when delivered. 

  

	25.10.	 Entire Agreement. This Lease is the entire agreement between the parties, and there are no agreements or
representations between the parties except as expressed herein. 

  

	25.11.	 Authority. Each of the persons executing this Lease on behalf of Tenant warrants to Landlord that Tenant
is a valid and existing corporation or other relevant entity, that Tenant has all right and authority to enter into this Lease, and that each and every person signing on behalf of Tenant is authorized to do so. Each of the persons executing this
Lease on behalf of Landlord warrants to Tenant that Landlord is a valid and existing corporation or other relevant entity, that Landlord has all right and authority to enter into this Lease, and that each and every person signing on behalf of
Landlord is authorized to do so. 

  

	25.12.	 Time of Essence. Time is of the essence of the performance of each of Tenant and Landlord’s
obligations under this Lease. 

  

	25.13.	 Modifications. This Lease may not be modified except by written endorsement attached to this Lease,
dated and signed by the parties. 

  

	25.14.	 No Appurtenances. This Lease does not create any rights to light and air by means of openings in the
walls of the Building, any rights or interests in parking facilities, or any other rights, easements or licenses, by implication or otherwise, except as expressly set forth in this Lease or its exhibits. 

 

	25.15.	 Financial Statements. Upon written request of Landlord, Tenant shall furnish to Landlord, within fifteen
(15) business days following receipt of Landlord’s written request, and not more frequently than twice per calendar year, Tenant’s most current financial statements (including balance sheet and income statement) for the two
(2) years prior to the current financial statements year. Such statements shall be prepared in accordance with generally accepted accounting principles and, if such is the normal practice of Tenant, shall be audited by an

  
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independent certified public accountant. Landlord may make such financial statement available to Landlord’s lender or purchaser of the Project or any portion thereof containing the Premises.
Landlord shall otherwise keep such financial statement confidential and shall require any such prospective lender or purchaser to do the same. 

  

	25.16.	 Regulations. Landlord shall have the right to make and enforce regulations and criteria consistent with
this Lease for the purpose of promoting safety, order, cleanliness and good service to the tenants and other occupants of the Project. Copies of all such regulations shall be furnished to Tenant and shall be complied with as if part of this Lease.

  

	25.17.	 Applicable Law; Severability. This Lease shall be construed, applied and enforced in accordance with the
laws of the State in which the Premises is located. If a court of competent jurisdiction holds any portion of this Lease to be illegal, invalid or unenforceable as written, it is the intention of the parties that (i) such portion of this Lease
be enforced to the extent permitted by law and (ii) the balance of this Lease remain in full force and effect. It is also the intention of the parties that in lieu of each clause or provision of this Lease that is illegal, invalid or
unenforceable there be added, as a part of this Lease, a clause or provision as similar in terms to such illegal, invalid or unenforceable clause or provision as may be possible and be legal, valid and enforceable. 

 

	25.18.	 Landlord’s Consent. Whenever Landlord’s consent or approval is required under this Lease,
except as otherwise expressly provided in this Lease, Landlord may grant or withhold such consent or approval in Landlord’s sole and absolute discretion. 

 

	25.19.	 Joint and Several Liability. In the event Tenant now or hereafter consists of more than one person, firm
or corporation, then all such persons, firms or corporations shall be jointly and severally liable as Tenant under this Lease. 

  

	25.20.	 Construction and Interpretation. All provisions of this Lease have been negotiated by Landlord and
Tenant at arm’s length and neither party shall be deemed the author of this Lease. This Lease shall not be construed for or against either party by reason of the authorship or alleged authorship of any provision hereof or by reason of the
status of the respective parties as Landlord or Tenant. 

  

	25.21.	 No Recordation. Neither this Lease, nor any short form or memorandum thereof, shall be recorded in any
manner against the real property of which the Premises comprises a portion. 

  

	25.22.	 No Partnership Created. Neither this Lease nor the calculation and payment of Base Rent, Additional Rent
or any other sums hereunder, is intended to create a partnership or joint venture between Landlord and Tenant, or to create a principal-and-agent relationship between
the parties. 

  
 Page 47 

	25.23.	 Quiet Enjoyment. Landlord covenants that Tenant, upon performing the terms, conditions and covenants of
this Lease, shall have quiet and peaceful possession of the Premises as against any person claiming the same by, through or under Landlord. 

  

	25.24.	 Days of Week. If the date upon which any act is to be performed or notice is to be delivered under this
Lease shall fall upon a Saturday, Sunday or legal holiday, such act or notice shall be timely if performed or delivered on the next business day. 

  

	25.25.	 OFAC. Tenant represents and warrants to Landlord that Tenant is not and shall not become a person or
entity with whom Landlord is restricted from doing business under any current or future regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including, but not limited to, those named on
OFAC’s Specially Designated and Blocked Persons list) or under any current or future statute, executive order (including, but not limited to, the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions With
Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action and is not and shall not engage in any dealings or transaction or be otherwise associated with such persons or entities. 

 

	25.26.	 Guaranty. The effectiveness of this Lease and each and every provision hereof is expressly conditioned
upon the execution and delivery by BTG International, Inc., a Delaware corporation (“Guarantor”) of a Guaranty in the form attached hereto and incorporated herein as Exhibit G. Tenant shall cause such Guaranty to be executed by
Guarantor and delivered to Landlord concurrently with the execution and delivery of this Lease to Landlord by Tenant. 

  

	25.27.	 Counterparts. This Lease may be executed in counterparts with the same effect as if both parties hereto
had executed the same document. Both counterparts shall be construed together and shall constitute a single lease. 

  

	25.28.	 Confidentiality. Each party acknowledges that the contents of this Lease and Guaranty are confidential
information. Each of Landlord and Tenant agrees to keep the Lease and Guaranty strictly confidential and shall not disclose such confidential information to any person or entity other than to such party’s financial, legal, and space planning
consultants, or as may be required by court order or Applicable Laws. 

  

	25.29.	 Exhibits. The following exhibits are attached hereto and incorporated herein by this reference:

 Exhibit A-1 — Diagram of Building 

Exhibit A-2 — Diagram of Premises 

Exhibit B — Diagram of Project 

Exhibit C — Work Letter Agreement 

Exhibit D — Commencement Date Memorandum 

Exhibit E — Hazardous Materials Questionnaire 

Exhibit F — Signage Criteria 

Exhibit G — Form of Guaranty 

  
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 26.    Special Provisions. 

 

	26.1.	 First Right to Lease. Landlord hereby grants to Tenant a right of first offer with respect to the entire
space located adjacent to the Premises, containing approximately 27,729 rentable square feet having a street address of 4251 Burton Drive, Santa Clara, CA 95054 (the “FRL Space”). Notwithstanding the foregoing, such first offer right of
Tenant shall commence (i) on the Commencement Date of the Lease and expire on the date that is one (1) year prior to the Expiration Date of the Initial Term of this Lease (the “FRL Period”), (ii) only if the FRL Space becomes
Available (as such term is defined below), and (iii) upon and subject to the terms and conditions of this paragraph (the “First Right to Lease”). From time to time when the FRL Space or any portion thereof becomes Available for lease
to third parties during the FRL Period, Landlord shall notify Tenant of such fact, and the material terms on which Landlord is prepared to lease the FRL Space to Tenant (“Landlord’s Notice of Availability”). The rental rate, proposed
escalations, tenant improvement allowance and free rent concession, for the FRL Space shall reflect the prevailing market rate as reasonably determined by Landlord. If Tenant wishes to exercise Tenant’s right of first offer with respect to the
space described in Landlord’s Notice of Availability, then within ten (10) business days of delivery of Landlord’s Notice of Availability to Tenant, Tenant shall deliver notice to Landlord of Tenant’s irrevocable exercise of its
right of first offer with respect to the entire space described in Landlord’s Notice of Availability on the terms contained in such notice (“Tenant’s Notice of Acceptance”). Failure of Tenant to timely provide Tenant’s
Notice of Acceptance shall be deemed Tenant’s election not to add the FRL Space to the Premises. If Tenant does not elect to add the FRL Space, then Landlord may lease the FRL Space to a third party or take it off the market for any
reason whatsoever; provided that, if Landlord does not enter into a binding lease with any other third party for the FRL Space reflected in Landlord’s Notice of Availability within six (6) months after the deadline by which Tenant was to
have provided Tenant’s Notice of Acceptance, Tenant’s First Right to Lease hereunder shall be reinstated and the procedures described above shall again be followed. As used herein, “Available” shall mean that the FRL Space is, or
is expected by Landlord to become, vacant, unencumbered and free and clear of all claims and rights of other tenants or other third parties. Without limiting the generality of the foregoing, the FRL Space shall not be deemed Available if, as to all
or any portion thereof, there is an outstanding lease, lease option, or option or other right of extension, renewal, expansion, first refusal, first negotiation, or similar or other right, pursuant to any lease or written agreement, or if any
then-existing tenant or occupant desires to renew or extend its lease as to any or all of such space, whether or not pursuant to an existing right or option. Tenant acknowledges that Landlord may give Landlord’s Notice of Availability at any
time during the Term. Nothing herein shall be deemed to limit or prevent Landlord from marketing, discussing or negotiating with any other party for a lease of, or rights of any nature as to, any part of the FRL Space, provided that any of the
foregoing activities by Landlord shall be subject to Tenant’s rights hereunder. If Tenant timely exercises Tenant’s right to lease the FRL Space as set forth herein, Landlord and Tenant shall within fifteen (15) days thereafter
execute a separate lease for such FRL Space upon the terms and conditions as set forth in Landlord’s Notice of Availability and this Paragraph 26. Tenant shall commence payment of

  
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Rent for the FRL Space, and the term of the FRL Space shall commence upon the date of delivery of the FRL Space to Tenant (the “First Offer Commencement Date”) and terminate on the date
set forth in Landlord’s Notice of Availability; provided that, Tenant acknowledges that its exercise of its Early Termination Option shall have no effect on its lease as to the FRL Space, which shall continue in full force and effect.
Tenant’s First Right to Lease the FRL Space is subject to Tenant not being in default under the Lease when Landlord would otherwise be required to provide Landlord’s Notice of Availability, and when Tenant’s Notice of Acceptance is
given. 

 [signatures on following page] 

  
 Page 50 

 IN WITNESS WHEREOF, the parties hereto have executed this Lease on the respective dates set
opposite their signatures below, but this Lease, on behalf of such party, shall be deemed to have been dated as of the Reference Date. 
  

											
	TENANT:	 		 	LANDLORD:
			
	PNEUMRX, INC., a Delaware corporation	 		 	 WASHCOP I LIMITED PARTNERSHIP.

a Delaware limited partnership

					
	 By: 
	 	 /s/ Matthew J. Gantz

 
	 		 	By:	 	 WH Mission Park LLC,
 a
Washington limited liability company,
 its general partner

	Its:	 	 President
	 		 		 	  
 By:
	 	  
 /s/ [ILLEGIBLE]

	 By: 
	 	  
 /s/ [ILLEGIBLE]

 
	 		 		 		 	 Its: Vice President

	Its:	 	 Chief Financial Officer
	 		 		 		 	
			
	Date: November 4th, 2015	 		 	Date: November 6, 2015

 EXHIBIT A-1 

DIAGRAM OF BUILDING 
  

 

  
 Page 1 

 EXHIBIT A-2 

DIAGRAM OF PREMISES 
  

 

  
 Page 2 

 EXHIBIT B 

DIAGRAM OF PROJECT 
  

 

  
 Page 1 

 EXHIBIT C 

WORK LETTER AGREEMENT 

1.    Landlord’s Work. Landlord shall perform the following work (“Landlord’s Work”) to the Premises at its
sole cost and expense within a reasonable time after mutual execution of the Lease: 
  

	 	a.	 Landlord shall or shall cause others to, design, engineer and construct the Facade Renovation Work shown on the
Construction Drawings prepared by Studio G Architects and dated as of September 4, 2015 (the “Plans”). 

  

	 	b.	 Landlord shall perform the Landlord’s Work in compliance with the Plans all Applicable Laws, including
without limitation the ADA, codes, regulations, permits and/or modifications required to cause the Landlord’s Work to comply with all Applicable Laws, including, but not limited to, if such compliance and/or modifications are necessitated or
triggered by the Landlord’s Work. Tenant shall be required to ensure that the Premises and Building comply with Applicable Laws to the extent such compliance and/or modifications are necessitated or triggered by the Tenant Improvements.
Landlord shall assign to Tenant all assignable warranties relating to the Landlord’s Work to the extent Tenant is obligated to repair or maintain components thereof pursuant to the Lease. 

 

	 	c.	 Except as set forth above and elsewhere in this Lease, Tenant accepts the Premises “as-is” and Landlord shall have no obligation to perform any work or improvements thereto in connection with Tenant’s initial occupancy or otherwise except as stated in this Lease and in this Work
Letter. 

 2.    Construction of Landlord’s Work; Premises Delivery. Landlord shall enter into a
construction contract for construction of the Landlord’s Work identified in the Plans with Bay Area Builders (“Landlord’s General Contractor”). Landlord shall diligently proceed to Substantially Complete the Landlord’s.
Work, which shall be achieved no later than February 1, 2016. Landlord shall notify Tenant when Landlord has determined that the Landlord’s Work has been Substantially Completed. As used herein, the term “Substantially Completed”
and grammatical variations thereof shall mean the stage in the progress of the work when it is reasonably complete excepting only minor “punch list” items. Tenant and Landlord agree to meet with Landlord’s General Contractor to review
the status of Landlord’s Work on the date of Substantial Completion. Except for the requirement for Landlord to perform the Landlord’s Work as and when required hereunder, and its other obligations in this Work Letter and the Lease, Tenant
acknowledges that the Landlord shall deliver the Premises to Tenant in its as-is, where-is condition on the Projected Delivery Date, and that Substantial Completion of
any of the Landlords Work shall not be a precondition to Landlord’s ability to tender delivery of the Premises to Tenant. 

3.    Tenant’s Entry and Access During Landlord’s Construction. Provided that Tenant and its agents do not materially
interfere with or delay Landlord’s Work, Landlord shall grant Tenant 

  
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possession of the Premises on the Delivery Date during normal Building business hours for the purposes of space planning, designing, measuring, and constructing the Tenant Improvements. Prior to
Tenant’s entry into the Premises as permitted by the terms of this paragraph, (i) Tenant shall submit a proposed schedule to Landlord, for its approval, which schedule shall detail the timing and purpose of Tenant’s entry,
(ii) submit a list to Landlord of the names and addresses of all contractors, subcontractors and material suppliers and all other representatives of Tenant who or which will be entering the Premises on behalf of Tenant to perform such work, and
(iii) provide Landlord with certificates of insurance (in amounts satisfactory to Landlord and with the parties identified in, or required by, the Lease named as additional insureds). Landlord, Landlord’s General Contractor, Tenant and
Tenant’s Contractor(s) shall mutually cooperate to coordinate such activities to avoid or mitigate any interference with each other’s work. Effective upon ‘Tenant’s entry upon the Premises. Tenant shall indemnify and save
Landlord harmless from and against any and all losses to the extent arising from any act, neglect or failure to act of Tenant or anyone entering the Premises or Building with Tenant’s permission in violation of the Lease or this Work Letter.
Any such entry into and occupancy of the Premises by Tenant or any person or entity working for or on behalf of Tenant shall be deemed to be subject to all of the terms, covenants, conditions and provisions of the Lease, excluding only the covenant
to pay Rent. Tenant shall be liable to Landlord for any damage to the Premises or to any portion of the Landlord’s Work to the extent caused by the acts or Tenant or any of Tenant’s employees, agents, contractors, workmen or suppliers. If
at any time any person representing Tenant shall cause or threaten to cause disharmony or interference, including labor disharmony, at the Building, and Tenant fails to immediately institute and maintain such corrective actions as directed by
Landlord, then Landlord may revoke Tenant’s right to so access the Premises upon twenty-four (24) hours’ prior written notice to Tenant. 

4.    Tenant Improvement Plans. Any work proposed by Tenant at the Premises or Building (the “Tenant Improvements”) shall
be subject to Landlord’s reasonable prior approval and shall be subject to the other terms and conditions of this Exhibit, which approval shall not be unreasonably withheld or delayed except for good cause shown. All architectural, engineering
and other design fees shall be paid by Tenant, provided that, of the total Tenant Improvement Allowance, up to Five and No/100 Dollars (S5.00) per rentable square foot of the Premises of such fees may be subject to reimbursement under the Tenant
Improvement Allowance. Tenant shall use its architect, engineers and other design professionals, all of whom shall comply with any applicable licensing or governmental requirements of the City of Santa Clara and the State of California. Tenant shall
cause its architect, who shall be subject to Landlord’s prior approval (“Tenant’s Architect”), which approval shall not be unreasonably withheld or delayed except for good cause shown, to prepare a draft space plan (the
“Space Plan”) for the Tenant Improvements and shall submit the proposed Space Plan to Landlord for the latter’s approval (not to be unreasonably withheld or delayed) within twenty-one
(21) days following mutual execution of the Lease. (If available upon mutual execution of this Lease, a mutually-approved preliminary space plan for the Tenant Improvements has been attached hereto as Exhibit
C-1.) Landlord shall deliver to Tenant any written objections, questions or comments of Landlord with regard to the Space Plan, and Tenant shall cause the Space Plan to be revised to address such written
comments and shall resubmit said Space Plan to Landlord for approval within five (5) business days thereafter. Such process shall continue until Landlord has approved the Space Plan. Tenant’s

  
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Architect shall then prepare working drawings and specifications for the Tenant Improvements, including architectural, structural, plumbing, mechanical, electrical, and fire protection drawings
as required, suitable for permit application (the “Working Drawings”) and shall submit the proposed Working Drawings to Landlord for the latter’s approval within sixty (60) days following Landlord’s approval of the final
Space Plan. The Space Plan and Working Drawings shall be subject to Landlord’s approval, which Landlord agrees shall not be unreasonably withheld or delayed. Landlord shall not be deemed to have acted unreasonably if it withholds its approval
thereof because, in Landlord’s reasonable opinion as supported by statement or reports from licensed engineers, the work, as described in any such item: (i) will adversely affect Building systems, the structure of the Building or the
safety of the Building and/or their occupants; (ii) will materially impair Landlord’s ability to furnish services to Tenant or other tenants at the Project; (iii) would materially increase the cost of operating the Building;
(iv) would violate any governmental laws, rules or ordinances (or interpretations thereof); (v) contains or uses hazardous or toxic materials or substances not permitted under Applicable Laws; (vi) would affect the external appearance of
the Building; (vii) would materially and adversely affect another tenant’s premises at the Project: or (viii) is prohibited by any mortgage, trust deed or other instrument encumbering the Building or Project. Landlord shall deliver to
Tenant any written objections, questions or comments of Landlord with regard to the Working Drawings, and Tenant shall cause the Working Drawings to be revised to address such written comments and shall resubmit said Working Drawings to Landlord for
approval within ten (10) business days thereafter. Such process shall continue until Landlord has approved the Working Drawings. Landlord’s approval of the Space Plan and/or the Working Drawings shall not be deemed any representation or
warranty that the same comply with applicable codes. 
 5.    Tenant’s Contractors. All contractors and subcontractors
participating in construction of the Tenant Improvements shall be bondable, reputable and shall meet all licensing and insurance requirements of the State of California, be reasonably satisfactory to Landlord, and have good labor relations and be
capable of working in harmony with Landlord’s or other tenant’s contractors in the Project. Tenant’s choice of subcontractors shall not materially affect any guaranties or warranties relating to the Building or Building systems.
Tenant shall utilize a general contractor (“Contractor”) and MEP subcontractors which are reasonably approved in advance by Landlord. Tenant shall obtain at its sole cost and provide to Landlord payment and performance bonds for all Tenant
Improvements prior to the commencement of construction, and shall further provide Landlord with: 

(a)    Contractor’s state contractor registration numbers; 

(b)    Complete list of subcontractors with name, telephone number, address and contact name; 

(c)    A set of Working Drawings approved by the municipality issuing the Building permit; 

(d)    A copy of the Building permit; and 

(e)    Copies of bonds in place as required above. 

Prior to the commencement of construction, Tenant and Tenant’s Contractor and Construction Representative shall attend a preconstruction meeting with
Landlord’s Construction Representative and/or Property Manager. 

  
 Page 3 

 6.    Work Schedule; Commencement of Construction. Tenant will provide a draft
Work Schedule to Landlord at least seven (7) days prior to commencement of construction. The Work Schedule is subject to Landlord’s reasonable approval (which shall not be withheld or delayed), and shall generally show the following: 

 

	 	(1)	 Framing and electrical rough-in 

 

	 	(2)	 Cabinetry installation 

 

	 	(3)	 Painting 

  

	 	(4)	 Plumbing 

  

	 	(5)	 Mechanical 

  

	 	(6)	 Building Engineer pre-cover inspection 

 

	 	(7)	 Floor covering 

  

	 	(8)	 Tenant move-in meeting 

 

	 	(9)	 HVAC balancing 

  

	 	(10)	 Municipal Inspections 

 

	 	(11)	 Building Engineer HVAC start up inspection 

 

	 	(12)	 Tenant’s telephone, FF&E and cabling installation 

 

	 	(13)	 Target Substantial Completion Date 

 

	 	(14)	 Punch-list completion 

 

	 	(15)	 Completed job close-out documentation 

Tenant may not commence any work until (i) Tenant has received all required building permits and other permits, copies of which have been
delivered to Landlord, (ii) all required insurance certificates have been furnished to Landlord, (iii) Landlord has approved Tenant’s contractors to the extent required herein; and (iv) Landlord has issued to Tenant its final
authorization to proceed, which shall be promptly provided after submission of the items required in clauses (i) through (iii). 

7.    Permits. Tenant shall cause the approved Working Drawings to be submitted to the appropriate governmental agencies for plan
review and building permit. Revisions which may be required by governmental agencies as a result of the plan review process shall be reviewed by Tenant and Landlord and modifications reflecting same shall be mutually agreed upon in a timely manner,
Tenant shall diligently pursue issuance of all permits and approvals required for the Tenant Improvements, and shall pay for any changes required to the Working Drawings required by applicable building officials/authorities. Landlord shall
reasonably and fully cooperate, at no expense to Landlord, with Tenant, its Architect and Contractor, in obtaining any required permits for the Tenant Improvements, including obtaining any permits required to be in the Landlord’s name. 

8.    Construction of the Tenant Improvements. Except to the extent expressly provided elsewhere herein, including Landlord’s
requirement to perform the Landlord’s Work. Tenant shall complete all Tenant Improvements at Tenant’s sole risk, cost and expense, including without limitation the costs of changes, code compliance work, and upgrades to the base,
shell & core of the Building or to any major Building systems such as fire, life safety, electrical, mechanical, and structural, as may be required by the Working Drawings or applicable permitting authorities, and whether or not such
changes or upgrades are due to the fact that such work is prepared on an unoccupied basis. Landlord 

  
 Page 4 

 
shall provide to Tenant, its Architect, the Contractor and others required to perform the Tenant Improvements, at no additional cost to Tenant, access to the Premises and use of the exclusive
loading dock serving the Premises during the design and construction of the Tenant Improvements, provided that (i) the Commencement Date and Tenant’s obligation to pay Rent shall nevertheless commence on the date set forth in the Basic
Lease Provisions, and (ii) Tenant shall be solely responsible for all costs of water, electricity, and other services and utilities provided at and to the Premises from and after the Delivery Date. The construction shall be performed in a good
and workmanlike mariner and in compliance with all applicable rules, laws, codes and regulations, including all applicable safety procedures established by Landlords Construction Representative and the Tenant Construction Rules and Regulations
attached hereto as Exhibit C-2. Once commenced, Tenant shall diligently pursue construction of the Tenant Improvements to completion. All construction of the Tenant Improvements shall be coordinated
through Landlord’s Construction Representative or Property Manager. Tenant shall obtain Landlord’s written approval prior to the performance of any additional Tenant Improvement work (i.e., change orders), such approval not to be
unreasonably withheld, delayed, or conditioned. If, at any time prior to completion of the Tenant Improvements, Tenant or Tenant’s Contractor requests a change order or orders, which in the aggregate, exceed ten percent (10%) of the amount of
any payment and performance bond required by Landlord, Tenant or Tenant’s Contractor shall obtain Landlord’s written approval prior to the performance of the additional work contemplated by such change order or orders. Landlord’s
consent shall not be unreasonably withheld, but in any event, Tenant shall cause the amount of the bonds to be increased to cover the cost of the additional work. During construction of the Tenant Improvements, the Premises shall be open during
working hours for inspection by the Landlord’s Construction Representative and/or Property Manager. Upon completion of the Tenant Improvements, the Landlord’s Construction Representative and Property Manager shall perform a final
inspection for conformance of the Tenant improvements to the Working Drawings. Any and all work performed by Tenant’s Contractor shall be performed in a manner to avoid any labor dispute which results in a stoppage or impairment of work,
deliveries or any other service in the building. If there shall be any such stoppage or impairment as the result of any such labor dispute caused by Tenant or its Contractor, Tenant shall immediately undertake such action as may be necessary to
eliminate such dispute or potential dispute, including, without limitation, (a) removing all disputants from the job site until such time as the labor dispute no longer exists, (b) seeking a temporary restraining order and other injunctive
relief with regard to illegal union activities or a breach of contract between Tenant and Tenant’s Contractor, and (c) filing appropriate unfair labor practice charges. 

9.    Construction Insurance. During construction, Tenant or its Contractor shall procure and maintain in effect the following
insurance coverages with an insurance company or companies authorized to do business in the State of California: 

(a)    Worker’s compensation insurance in compliance with federal, state and local law, including Employer’s
Liability coverage (Contingent Liability/Stop Gap) in the amount of $1,000,000 each accident; $1,000,000 bodily injury by disease policy limit; and $1,000,000 bodily injury each employee; 

  
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 (b)    Commercial General Liability insurance with coverage at least as
broad as ISO policy form CG00011093 or its equivalent or any update to it, and shall contain no additional, relevant exclusions beyond those contained in the standard form; with limits of at least One Million Dollars ($1,000,000) per occurrence
limit, One Million Dollars ($1,000,000) general aggregate limit (except that the General Contractor and MEP contractors shall carry such liability insurance with limits of not less than Two Million Dollars ($2,000,000), including Personal Injury,
Contractual and Products/Completed Operations Liability naming Landlord and Tenant as additional insured. Coverage must be primary and non-contributing and include the following: 

 

	 	(i)	 Premises - Operations 

 

	 	(ii)	 Independent Contractors 

 

	 	(iii)	 Contractual Liability assumed under the construction contract 

 

	 	(iv)	 Completed Operations — Products 

(c)    Business Auto Liability Insurance, One Million Dollars ($1,000,000) combined single limit/per accident, covering
injury (or death) and property damage arising out of the ownership, maintenance, or use of any private passenger or commercial vehicles and of any other equipment required to be licensed for road use, including owned, leased, non-owned, and hired autos. Such limits may be achieved through the use of umbrella liability insurance otherwise meeting the requirements of this paragraph; 

(d)    Property insurance covering loss of owned or rented equipment and tools brought onto and/or used at the Premises;
and 
 (e)    Builder’s risk insurance to the full insurable value of all improvements constructed and materials
stored at the Premises, naming Landlord as an additional insured and non-cancellable with respect to Landlord, and with a maximum deductible of $5,000. 

(f)    All Tenant’s Contractors who provide work and/or materials under “design and construct” contracts
must demonstrate and provide Errors & Omissions insurance with coverage limits of not less than $1,000,000, combined single limit, in a form reasonably acceptable to Landlord. 

(g)    All Tenant’s insurance required by this Exhibit shall (i) be written by companies reasonably satisfactory
to Landlord and authorized to do business in the State of California; (ii) be provided by an insurer or insurers who have an A.M. Best financial strength rating of A or better and financial size category not less than X in the most current
edition of Best’s Insurance Reports; (iii) not contain a deductible greater than $5,000 or any self-insured retention unless expressly approved in writing by Landlord; (iv) contain a clause that such policy and the coverage evidenced
thereby shall be primary and non-contributing with respect to any policies carried by Landlord, and that any coverage carried by Landlord shall be excess insurance; and (v) except for Errors and Omissions
coverage, be written on an “occurrence basis”; “claims made” forms of insurance are not acceptable. Liability policies shall name Landlord, its subsidiaries and affiliates, and other parties selected by Landlord as additional
insureds utilizing an indorsement form reasonably acceptable to Landlord (“certificate holder” status is not acceptable). All such policies shall not be subject to cancellation or 

  
 Page 6 

 
reduction in coverage except upon at least thirty (30) days prior written notice to Landlord. The policies of insurance containing the terms specified herein, or duly executed certificates
evidencing them, together with satisfactory evidence of the payment of premiums thereon, shall be deposited with Landlord prior to the first day upon which such Contractor supplies labor or materials to the Premises and subsequently not less than
sixty (60) days prior to the expiration of the original or any renewal term of such coverage, with all qualifying language such as “will endeavor to” being deleted therefrom. If Tenant’s contractors fail to comply with the
insurance requirements set forth in this Lease, Landlord shall have the right, but not the obligation, at any time and from time to time, without notice, to procure such insurance and/or pay the premium for such insurance, in which event Tenant
shall repay Landlord, immediately upon demand by Landlord, as additional rent, all sums so paid by Landlord together with interest thereon and any costs or expenses incurred by Landlord in connection therewith, without prejudice to any other rights
and remedies of the Landlord under this Lease. 
 (h)    The following statement shall appear in each certificate of
insurance provided Landlord by Tenant hereunder: 
 “It is agreed that in the event of any material change in, cancellation or non-renewal of this policy, the Company shall endeavor to give ten (10) days prior notice to [Landlord].” 

(i)    During construction of the Tenant Improvements, both parties shall give prompt notice to the other of all losses,
damages, or injuries to any person or to property of Tenant, Landlord or third parties. Landlord or Tenant shall promptly report to the other all such claims of which that party has notice, whether related to matters insured or uninsured. No
settlement or payment for any claim for loss, injury or damage or other matter as to which one party may have an obligation for any payment or reimbursement, shall be made by the other without the written approval of the affected party. 

(j)    The carrying of any of the insurance required hereunder shall not be interpreted as relieving the insuring party of
any responsibility to the other party, and the other party does not waive any rights that it may have against the other party and/or its representatives for any expense and damage to persons and property (tangible and intangible) from any cause
whatsoever with respect to the insuring party’s work. 
 (k)    Landlord and Tenant shall assist and cooperate with
any insurance company in the adjustment or litigation of all claims arising under the terms of this Exhibit. 

(l)    Tenant’s contractors must waive, and their insurance policy or policies shall include a waiver of such
carrier’s, entire right of recovery (i.e., subrogation) against Landlord, and the officers, directors, agents, representatives, employees, successors and assigns of Landlord which arises or might arise by reason of any payment under such
Contractor’s property, worker’s compensation and Employer’s Contingent Liability/Stop Gap insurance policy or by such Contractor or by reason of any act or omission (including negligent acts or omissions) of Landlord, its directors,
partners, agents, employees or representatives. 

  
 Page 7 

 10.    Telecom Requirements. Unless otherwise agreed by the parties in the final
mutually approved Working Drawings, Tenant is responsible for Tenant’s telecom equipment, wiring/cabling, and services. Tenant shall select Tenant’s telephone and telecom systems. Information concerning telephone and telecom equipment
size, manufacturer, technical specifications, special requirements and other information requested by Landlord shall be provided by Tenant to Landlord construction representative. Tenant shall coordinate installation of the telephone and telecom
system with Landlord during construction of the Tenant Improvements. All of the foregoing shall be subject to Landlord’s prior approval. 

11.    Substantial Completion; Punch List. Upon Substantial Completion of the Tenant Improvements, Tenant shall notify the
Landlord. Upon said notification, Landlord’s designated representative shall inspect the Premises with Tenant’s designated representative and its Contractor and, if the Tenant Improvements have been duly constructed in accordance with the
final approved Working Drawings, said representative shall issue a Letter of Acceptance for the Tenant Improvements. If Landlord reasonably believes the Premises have not been constructed in accordance therewith, Landlord shall so notify Tenant, and
the parties shall cooperate in good faith to resolve any disagreements relating thereto. Tenant shall not occupy or commence business operations in the Premises prior to final permit sign-off by any applicable
government authority for the Tenant Improvement Work. 
 12.    As-Builts. Upon final
completion of the Tenant Improvements (including all punch list items), Tenant’s Contractor shall submit to Landlord’s Construction Representative; (i) copies of all as-built Construction
Documents and specifications (or marked-up construction drawings) indicating reconfiguration of the Premises, including changes to the mechanical, electrical, architectural, plumbing, cabling, sprinkler and
fire alarm, as applicable; and (ii) original permit with inspector(s) final acceptance. Balance logs, operation and maintenance manuals shall be provided to Landlord prior to Tenant occupancy along with mechanical updated field drawings. If
required by Landlord, a completed new equipment abstract form will be provided upon Substantial Completion. Any mechanical equipment installed, removed, retired or replaced as part of the Tenant Improvements must be documented with operation and
maintenance manuals; installation manuals; parts lists/price list; wiring diagrams; troubleshooting guides; and equipment abstracts (new, reassigned, or retired). 

13.    Payment of Costs; Tenant Improvement Allowance. Tenant shall pay all costs for the Tenant Improvements except as otherwise
expressly set forth herein or elsewhere in the Lease, including without limitation all costs associated with: (i) preparation of the space plan and all other draft and final Working Drawings; (ii) construction of the Tenant Improvements,
including all hard costs, soft costs, general conditions, the costs of changes, code compliance work, and upgrades to the base, shell & core of the Building or to any major Building systems such as fire, life safety, electrical, mechanical,
and structural, as may be required by the final Working Drawings or applicable permitting authorities, and all other costs; (iii) required permits, governmental fees, and inspections; (iv) applicable taxes; and (v) as-built record documentation (collectively, the “Total Costs”). Tenant shall however be entitled to reimbursement of the Total Costs actually incurred by it up to a maximum of $50.00 per rentable
square foot of the Premises (i.e., for 32,719 rentable square feet in the Premises, a total of 

  
 Page 8 

 
$1,635,950.00) (the “Tenant Improvement Allowance”) of the Total Costs to Tenant under the conditions set forth below, but payment or nonpayment thereof shall not relieve Tenant of its
responsibility to pay all Total Costs. Landlord may offset against the Tenant Improvement Allowance a construction management fee not to exceed 1.5% of the Tenant Improvement Allowance. The Tenant Improvement Allowance may be used for, without
limitation, costs for construction, architectural fees, engineering services, consulting and management fees, information technology, mechanical and electrical services, construction management, and building permits, but shall not be applied to, and
Tenant shall be solely responsible for all costs of, removable trade fixtures, equipment or furniture, moving costs, acquisition of equipment, costs to acquire and install inventory, costs to acquire or fabricate signage, and “branding”
requirements. 
 14.    Reimbursement of Tenant Improvement Allowance. 

a.    Periodic Progress Payments. Tenant acknowledges that the Total Costs of the Tenant Improvements may exceed the
Tenant Improvement Allowance. On or before the thirtieth (30th) day of each calendar month during the construction of the Tenant Improvements, Tenant shall deliver to Landlord: (A) a request for payment from the General Contractor, approved by
Tenant, in a form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Tenant Improvements in the Premises, and detailing the portion of the work completed and the portion not completed; (B) invoices
from all subcontractors and material suppliers for the Tenant Improvements for labor rendered and materials delivered to the Premises; (C) executed mechanic’s lien releases from all subcontractors and material suppliers which shall comply
with the appropriate provisions, as reasonably determined by Landlord, of applicable law; and (D) all other information reasonably requested by Landlord or its Lender. Tenant’s request for payment shall be deemed Tenant’s acceptance
and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. The Total Costs less the Tenant Improvement Allowance shall hereinafter be referred to as “Tenant’s Share.” The parties
agree that Tenant shall pay Tenant’s Share of all requests for payment by the General Contractor prior to any portion of the Tenant Improvement Allowance being available. Once Tenant’s Share has been paid within twenty (20) days after
Landlord’s receipt of the first request for payment for which the Tenant Improvement Allowance may be used, Landlord shall deliver a check to Tenant made jointly payable to the General Contractor and Tenant in the lesser of: (x) the
amount so requested by Tenant as set forth in such payment request that is subject to reimbursement herein, less a ten percent (10%) retention (the aggregate amount of such retentions is referred to hereinafter as the “Final Retention”),
and (y) the balance of any remaining available portion of the Tenant Improvement Allowance (not including the Final Retention), provided that Landlord does not dispute any request for payment based on
non-compliance of any work with the final Working Drawings, or due to any substandard work, or due to the fact that reimbursement was not applicable or appropriate for one or more cost item(s) for which
reimbursement was requested, or for any other just cause. Landlord’s payment of such amounts shall not, however, be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment
request. 
 b.    Final Retention Payment. Within a reasonable period of time following final completion of the
Tenant Improvements, Tenant’s Contractor and Landlord’s Construction Representative shall 

  
 Page 9 

 
cooperate to prepare a final cost accounting for the Tenant Improvements, the allocation and payment of the Tenant Improvement Allowance, and those costs which Tenant is obligated hereunder to
pay, and an appropriate reconciliation shall be made if either party has overpaid its portion of all such costs. A check for the Final Retention payable jointly to Tenant and the General Contractor shall be delivered by Landlord to Tenant following
the Substantial Completion of the Tenant Improvements to the Premises, provided that: (A) Tenant delivers to Landlord properly executed mechanics lien releases in compliance with applicable law; (B) Landlord has determined that no
substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the exterior wall of the Building, or the structure or exterior appearance
of the Building; (C) Tenant has delivered a temporary or permanent certificate of occupancy for the Premises to Landlord; (D) Tenant has provided an Air Balance Report if required by Landlord; and (E) Tenant has provided to Landlord
updated hardcopy as-built drawings of the Tenant Improvements as well as an updated CD in CADD format thereof. If Tenant fails to request the Tenant Improvement Allowance after satisfaction of the
preconditions set forth above by the first (1st) anniversary of the Commencement Date hereof, Tenant shall be conclusively deemed to have waived any right to receive the Tenant Improvement Allowance. Unused portions of the Tenant Improvement
Allowance shall be retained by Landlord. 
 15.    Landlord Delay. If Tenant or its General Contractor shall be delayed in
Substantially Completing the Tenant Improvements as a result of the occurrence of any of the following (a “Landlord Delay”), provided that no Landlord Delay shall be deemed to have commenced accruing unless and until Tenant shall have
notified Landlord in writing of the potential cause of any such Landlord Delay and the projected length of any such Landlord Delay: 

a.    Landlord’s failure to furnish information or approval of the Space Plan or the Working Drawings in accordance
with this Work Letter or to respond to any request by Tenant for any approval or information within any time period prescribed, or if no time period is prescribed, then within ten (10) Business Days of such request; 

b.    Any Change Orders to the approved Working Drawings requested by Landlord; or 

c.    Any breach or default by Landlord in the performance of Landlord’s obligations under the Lease or Work Letter;
then the date of Substantial Completion of the Tenant Improvements shall be deemed to be the day that Tenant Improvements would have been Substantially Completed absent any such Landlord Delay. The Tenant Improvements shall be deemed to be
Substantially Completed on the date that the Tenant Improvements have been performed (or would have been performed absent any Landlord Delay), other than any Punchlist Items or details of construction, mechanical adjustment or any other matter, the non-completion of which does not materially interfere with Tenant’s use of the Premises. If the Tenant Improvements are delayed from being Substantially Completed due to any Landlord Delay, then the Work
Schedule shall be extended to account for such delay. 
 16.    Commencement Date. Tenant acknowledges that Commencement Date and
Tenant’s obligation to pay Rent as required under the Lease shall commence on the required Commencement Date set forth therein, whether or not Tenant has completed all or any portions of the Tenant Improvements, and whether or not Tenant has
obtained a certificate of occupancy therefor or has commenced business operations therefrom. 

  
 Page 10 

 17.    Construction Representatives. Tenant hereby appoints Facilicorp to act on
its behalf and represent its interests with respect to all matters requiring Tenant action in this Exhibit. All matters requiring the consent, authorization or other actions by Tenant with respect to matters set forth in this Exhibit shall be in
writing and signed by the aforementioned company. No consent, authorization, or other action by Tenant with respect to the matters set forth in this Exhibit shall bind Tenant unless in writing and signed by the aforementioned company. Subject to
change by Landlord, Landlord hereby appoints DTZ to act on its behalf and represent its interests with respect to all matters requiring Landlord action in this Exhibit. All matters requiring the consent, authorization or other actions by Landlord
with respect to matters set forth in this Exhibit shall be in writing and signed by the aforementioned company. No consent, authorization, or other action by Landlord with respect to the matters set forth in this Exhibit shall bind Landlord unless
in writing and signed by the aforementioned company. 
 18.    Legal Title. Legal title to all Tenant improvements shall
immediately vest in Landlord upon Substantial Completion thereof Tenant shall hold title to all removable trade fixtures, equipment or furniture. 

  
 Page 11 

 EXHIBIT C-1 

APPROVED PRELIMINARY SPACE PLAN 

[Attach prior to Lease Execution if available; otherwise, to be mutually approved by the parties following Lease execution, pursuant to
Section 4 of Exhibit C] 

  
 Page 1 

 EXHIBIT C-2 

RULES AND REGULATIONS 

FOR TENANT CONSTRUCTION 

Tenant shall cause all of its customers, contractor/sub-contractors, suppliers, materialmen, etc., to
be advised of the following construction rules and regulations concerning their proper conduct at the Building and Project. It is Tenant’s responsibility to ensure everyone reads and understands these rules and regulations. Ignorance of same is
not a waiver of liability or responsibility. Failure to comply with any of these rules may result in construction delays, breaches of the Lease, and/or removal of Tenant’s contractors and suppliers from the construction site. Tenant is
ultimately responsible for the conduct of its contractors and suppliers. 
  

	 	1.	 No one shall be allowed to endanger the Project, the Building, or the occupants of either in any manner
whatsoever. If such a situation occurs, the contractor or supplier, as applicable, shall immediately take steps to correct and eliminate the hazardous condition. In the event that the contractor’s personnel fail to perform such cure in a
satisfactory manner, Landlord reserves the right to immediately take steps to remedy the hazard at Tenant’s expense. 

  

	 	2.	 Construction personnel shall at all times maintain the highest level of project cleanliness. In the event that
the Contractor fails or refuses to keep the Premises free of accumulated waste, the Construction Representative reserves the right to enter said premises and remove the debris at the Contractor’s expense. In addition, all public areas, i.e.,
corridors, rest rooms, janitor’s closets, etc., shall be maintained and kept clean and free of construction debris, dust, etc. Any flammable or hazardous materials (i.e., paint) may only be stored on the Premises with the express prior
permission of the Landlord or its Construction Representative who shall designate an area for such storage. At the completion of the job all such materials must be removed from the project site. 

 

	 	3.	 No one is permitted to use the janitorial closets without the Landlord’s or Construction
Representative’s permission. Anyone found using janitorial closets other than those specified will be subject to removal from the project site. 

  

	 	4.	 Upon completion of the Tenant Improvements, Tenant’s contractor will be responsible for final cleaning of
the facilities used and restoring such facilities to their original state. 

  

	 	5.	 All corrective work or work performed at any time must be scheduled and approved by the Landlord or its
Construction Representative and must be immediately cleaned up by the workmen prior to their leaving the job or at the end of the business day if the project is on-going. The contractor shall be responsible for all costs incurred by Landlord if this
clean-up work is not performed satisfactorily. 

  
 Page 1 

	 	6.	 Tenant’s contractors shall verify all dimensions and conditions prior to starting work. The Landlord and
its architect shall be immediately notified of discrepancies. Do not scale dimensions from drawings. 

  

	 	7.	 All materials used by Tenant’s contractors shall be new unless otherwise approved, via submittal, in
advance to the Construction Representative and Landlord and shall meet all requirements for the designated use or application. 

  

	 	8.	 All traffic control, flagmen, barricades, etc., as may be necessary or required by any agency having
jurisdiction shall be the sole responsibility of and at the expense of the contractor. 

  

	 	9.	 All contractors are to take precautions to prevent the accidental tripping of the fire alarm system.

  

	 	10.	 No gasoline-operated devices, i.e., concrete saws, coring machines, welding machines, etc., shall be permitted
within the Building without Landlord’s or its Construction Representative’s approval. All work requiring such devices shall be by means of electrically-operated substitutes. 

 

	 	11.	 All approved gas and oxygen canisters shall be properly chained and supported to eliminate all potential
hazards. At the completion of use, said containers shall be removed from the building. 

  

	 	12.	 In multi-tenant Buildings, each contractor shall endeavor to protect all common area finishes including where
applicable Building lobbies, elevator lobbies, corridors, restrooms, etc. Each contractor shall adequately and properly protect existing HVAC, fire protection and other building systems and equipment during construction. Each contractor shall also
provide protection of exterior window system and mullions in the Premises. All such protection must be coordinated with the Landlord or its Construction Representative prior to the commencement of any activity. 

 

	 	13.	 Each contractor shall contact Landlord or its Construction Representative to schedule work on the following
Building systems: (Any disruption of services will be scheduled at the Landlord’s or its Construction Representative’s discretion.) 

  

	 	•	 	 Domestic water. 

  

	 	•	 	 Fire alarm or speaker. 

 

	 	•	 	 Electrical tie-ins to base building or the addition of equipment to any
other than the Premises except subpanels located within the Premises. 

  

	 	•	 	 Sprinkler system. 

  

	 	•	 	 Any work that will take place outside the Premises. 

 

	 	•	 	 Any tie-ins that may affect other tenants’ spaces.

  
 Page 2 

 Note: If a utility or Building alarm or other system is turned off for a
contractor’s work, such contractor must notify the Building Engineer upon completion so that the affected utility, alarm, or system can be restarted as soon as possible. 
  

	 	14.	 Construction personnel are not permitted to block Premises’ doors, stairway doors and electrical room
doors. These doors provide the fire protection required by code, Janitorial doors shall be kept closed at all times on occupied tenant floors. 

  

	 	15.	 Each contractor shall have on site a first aid kit and type ABC fire extinguisher available to all construction
personnel. 

  

	 	16.	 Each contractor shall inaugurate and maintain an accident prevention program and an employee safety-training
program. Proof of compliance with OSHA should be submitted to the Landlord or its Construction Representative. 

  

	 	17.	 All contractor employees on the job shall respond to safety instructions from Landlord or its Construction
Representative. Persons who do not respond shall be removed from the jobsite. 

  

	 	18.	 In multi-tenant Buildings, respect must be shown to the Building’s tenants and occupants at all times.
Rude and obscene behavior, including foul and abusive language, will not be tolerated. Offenders will be asked to remove themselves from the job site and shall not be permitted to return. 

 

	 	19.	 No graffiti or vandalism will be tolerated. Any individual caught in the act shall be immediately removed from
the jobsite and will not be allowed to return. In addition, all repairs and cleanup will be at the contractor’s expense. 

  

	 	20.	 No tobacco smoking or chewing will be permitted in the Building or at Building entrances.

  

	 	21.	 Radios or other sound producing equipment will be permitted, if sound does not travel to occupied tenant
spaces. Landlord and/or its Construction Representative reserves the right to have this equipment turned off. 

  

	 	22.	 In consideration of other tenants and occupants at the Project, no loud or disruptive construction related
activity should be performed during normal Building business hours without the express written approval of the Landlord or its Construction Representative, who reserves the right to withdraw such approval, and, to determine, in its reasonable
discretion, which activities are objectionable. 

  

	 	23.	 Wet paint sign must be posted in all public/common areas when appropriate. 

 

	 	24.	 All work that allows fumes and vapors into the air will only be allowed between hours reasonably approved in
advanced by Landlord or its Construction Representative. Arrangements must be made through the management office to supply ventilation, if required, while this type of work is being performed. 

  
 Page 3 

	 	25.	 Only latex paint is permitted for application within the Building, unless otherwise approved by the Landlord or
its Construction Representative. Odorless or low Volatile Organic Compound (VOC) emission products are required, in all cases. Tenant’s contractors must arrange with the Landlord or its Construction Representative for proper ventilation of the
work area to keep fumes out of other tenant spaces and common areas. In addition, painting or staining of any kind must not enter the return air pathways for the Building’s ventilation system. 

 

	 	26.	 VOC adhesives for carpet tile or cove base shall not be permitted. Low/No VOC adhesives are to be used without
exception. Low VOC adhesives must be submitted and reasonably approved by the Landlord or its Construction Representative prior to installation. 

  

	 	27.	 Brown paper shall cover any relites that are exposed to any common area hallways. 

 

	 	28.	 No spraying of paint materials shall be allowed within the Building without prior written approval by the
Landlord or its Construction Representative. 

  

	 	29.	 All new work shall comply with the technical standards and requirements of the Americans with Disabilities Act
(“ADA”) and applicable local and state accessibility codes and laws. 

  

	 	30.	 Each contractor shall provide temporary electrical devices within the Premises for its and its
subcontractors’ use, In multi-tenant Buildings, each contractor will not be permitted to run extension cords through public space on occupied floors or through occupied tenant spaces. 

 

	 	31.	 All electrical circuits to be from panels on the floor where the receptacles reside. No circuits may be used
from adjacent floors. Each contractor must provide expansion of circuit capacity for floors as required at its expense, and must coordinate all such work with the Landlord or its Construction Representative in advance. 

 

	 	32.	 All plumbing must be copper pipe and brass fittings. No hot water tanks are permitted in the ceiling. A pan
must be placed under any under-cabinet hot water tank. 

  

	 	33.	 Electrical panels must be clearly labeled with all current circuit locations on a new panel schedule provided
by the contractor. The contractor shall also provide an interim panel schedule showing all changes updated as they occur during construction. Permanent versions of revised panel schedules must be typed and approved by the Building Engineer before
installation. 

  

	 	34.	 Contractor shall clean all dust accumulation from overhead horizontal and vertical surfaces above ceiling line
prior to closing ceiling. 

  
 Page 4 

	 	35.	 Any existing exterior window blinds that are removed must be saved. The parts may be reused by the Building.

  

	 	36.	 The Contractor shall use reasonable measures to minimize energy consumption in the construction area when
possible. The Contractor shall pay for electrical consumption during the construction process. 

  

	 	37.	 Contractor and subcontractor personnel may park only in spaces designated by the Landlord or its Construction
Representative. 

  

	 	38.	 No Contractor shall be allowed to start any work in the Building without having current certificates of
insurance and other insurance-related documentation required by the Lease on file with the Landlord. Contractor must keep current all such insurance certificates and documentation, and shall collect and maintain same on all of its subcontractors,
copies of which must be sent to Landlord or its Construction Representative. Any contractor or subcontractor performing work at the Project and found not to have current insurance documentation will be immediately ordered off the project.

  

	 	39.	 Each contractor shall obtain and pay for any applicable city business licenses. 

 

	 	40.	 Each contractor shall obtain at its expense all permits and licenses necessary to perform the relevant work and
shall comply with all laws, ordinances, State and Federal government regulations, and of any Board or Commission or other duly qualified body. 

  

	 	41.	 Contractor should maintain an
up-to-date MSDS file at the jobsite in an area available to all construction personnel. For materials or products remaining in place at the conclusion of the work, MSDS
information is to be provided with the project documents at job closeout. 

  

	 	42.	 Testing lab reports and site inspections will be required for all concrete work to ensure conformance with
Building specifications. 

  

	 	43.	 Landlord and/or its Construction Representative reserves the right to inspect work, stop work not being
performed in compliance with this Lease or this Exhibit, and/or have a worker removed from the job at any time for breach of this Lease or this Exhibit. 

  

	 	44.	 No staging of trucks or materials will be allowed in areas that may affect traffic flow. 

 

	 	45.	 Each contractor will advise the Building Engineer of any contractor personnel working in the Building during off-building hours. 

  

	 	46.	 Each contractor shall be responsible for maintaining jobsite security at all times, including monitoring the
jobsite entrance while unlocked and securing the jobsite when personnel leave the site. 

  

	 	47.	 Rubber wheels are required on all vehicles transporting materials in the Building. 

  
 Page 5 

	 	48.	 The Contractor will be required to furnish the Landlord or its Construction Representative with a list of
subcontractors prior to commencement of the job, including phone numbers and contacts for each subcontractor (i.e., home and emergency telephone numbers). 

  

	 	49.	 Tenant’s general contractor will conduct construction meetings with Landlord and/or its Construction
Representative as reasonably required or as otherwise set forth in a schedule approved in advance by Landlord and/or its Construction Representative. 

  

	 	50.	 Each contractor shall coordinate with Landlord or its Construction Representative with respect to the receipt
of keys, keycards, or other access/entry devices for the Building and Premises for use during construction. All such keys, keycards, or other access/entry devices shall be returned to Landlord or its Construction Representative at the completion of
the job. 

  

	 	51.	 Contractor’s use of existing restrooms and/or sanitary facilities must be coordinated in advance with
Landlord and/or its Construction Representative. If such access is granted, each contractor must maintain all such restrooms and facilities in a clean and acceptable manner and only for their intended uses. At no time shall existing Building
restrooms be used for construction material or equipment cleaning. Contractors shall use only facilities designated by Landlord or its Construction Representative. All other facilities shall be off limits to the contractors. 

 

	 	52.	 All Building roof penetrations must be made by the Landlord’s roofing contractor, at Tenant’s
expense, and must conform to Landlord’s standard criteria. Penetrations shall be subject to the Landlord’s approval as to construction details, size, configuration, location, and support. Tenant’s general contractor shall contact
Landlord or its Construction Representative directly to provide roof penetration and patching services when the applicable contractor is ready to install equipment curbs. Once the roof curbs are on the job, Landlord reserves the right to have its
own roofing contractor make the actual penetrations, after which Tenant’s contractor will install the curbs, and then Landlord’s roofing contractor will then repair affected portions of the roof. No penetrations will be made that cannot be
repaired by Landlord’s roofing contractor on the same day. Tenant shall pay all such costs for this work directly to the Landlord upon demand. 

  

	 	53.	 Tenant’s contractors will not install any identifying signage at the job site except as approved by
Landlord or its Construction Representative. 

  

	 	54.	 All Tenant’s contractors must be capable of working in harmony with all other contractors then performing
work at the Building or at other tenants’ premises. 

  

	 	55.	 In multi-tenant buildings, the following additional requirements shall apply: 

a.    Landlord may require Tenant to install filters over return grills at the contractor’s cost and the contractor
shall review such installation with the Building engineer. These filters should remain in place during construction and be maintained by the contractor until acceptance of substantial completion by the Landlord. If base Building filters or equipment
require replacement or cleaning due to construction dust, the contractor will be charged. 

  
 Page 6 

 b.    The contractor shall separate construction areas from other
Building areas with appropriate barriers. Such separation may include, at Landlord’s direction, but shall not be limited to: plastic shower caps on smoke detector, and dampened walk-off mat at all
doorways to the construction area. This is to prevent the spread of construction dust and fumes into supply or return air passages or circulated return air. In addition, these measures help prevent unplanned activation of the Building’s tire
protection and life safety systems. All “capping” or deactivation of the Building fire protection systems must be removed nightly and the system(s) restored to normal operation, with the cooperation and knowledge of the Landlord or its
Construction Representative. If these systems cannot be restored, the contractor, working with the Landlord or its Construction Representative, must post a “fire watch” until the start of the next day’s work activity. Furthermore, no
activity shall be performed during normal Building hours that is potentially hazardous to the health of other Building occupants or invitees. 

  
 Page 7 

 EXHIBIT D 

COMMENCEMENT DATE MEMORANDUM 
  

			
	Landlord:	  	WASHCOP I LIMITED PARTNERSHIP, a Delaware limited partnership
		
	Tenant:	  	PneumRx, Inc., a Delaware corporation
		
	Lease Date:	  	                    , 2015
		
	Premises:	  	32,719 square foot premises at 4255 Burton Drive, Santa Clara, CA 95054

 Pursuant to Paragraph 3 of the Lease, the Commencement Date is hereby established as
                         and the Expiration Date is
                                 

 

											
	TENANT:	 		 	LANDLORD:
			
	PNEUMRX, INC., a Delaware corporation	 		 	WASHCOP I LIMITED PARTNERSHIP.
a Delaware limited partnership
					
	By:	 	 /s/ Matthew J. Gantz
	 		 	By:	 	WH Mission Park LLC, 
a Washington limited liability company, 
its general partner
						
	Its:	 	 President
	 		 		 		 	

							
				
		 		 	By:	 	    

				
		 		 	Its:	 	Vice President

									
					
	By:	 	 /s/ [ILLEGIBLE]
	 		 	                                     
                                   	 	
					
	Its:	 	 Chief Financial Officer
	 		 	                                     
                                   	 	

  

									
	Date: November 4th, 2015	  		  	 Date:
                    , 2        

  
 Page 1 

 EXHIBIT E 

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 at the premises. Existing tenants should answer the questions as they relate to ongoing operations at 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:                
                                         
                                         
                                         
                           

Check Applicable Status:    Prospective Tenant
             Existing Tenant              

Mailing Address:                   
                                         
                                         
                                         
                                        
        

Contact Person and Title:                
                                         
                                         
                                         
                                      

Telephone Number:                   
                                         
                                         
                                         
                                        
    

Address of Leased Premises:                
                                         
                                         
                                         
                                 

Length of Lease Term:                 
                                         
                                         
                                         
                                         

 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. 
  

 
  

 
  

 
  

	2.	 Storage of Hazardous Materials. 

 

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

Wastes                    
Yes                             No         

  
 Page 1 

 Chemical Products
                    
Yes                             No         

 

	 	2.2	 Attach a list of any hazardous materials 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). 

 

	3.	 Storage Tanks and Sumps. 

 

	 	3.1	 Is any above or below ground storage of gasoline, 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         
 If so, attach the results. 

 

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

Yes                      
       No         
 If so, describe. 

 
  

 
  

 

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

Yes                      
       No         
 If so, attach copies of any spill reports
filed, any clearance letters or other correspondence from regulatory agencies relating to the spill or leak. 

  
 Page 2 

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

Yes                      
       No         
 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         
 If yes, please describe the location of the
spill. 
  
  

 
  

 
  

 

	 	4.2	 Were any agencies notified in connection with such spills? 

Yes                      
       No         
 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         
 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 ID Number? 

Yes                      
       No         
  

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

Yes                      
       No         

  
 Page 3 

 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 
  

 

            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. 

  

 
  

 
  

	 	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. 
  
  

 
  

 
  

 

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

  
 Page 4 

	6.	 Wastewater Treatment/Discharge. 

 

	 	6.1	 Do you discharge wastewater to: 

            storm
drain?                sewer? 

            surface
water                no industrial discharge 
  

	 	6.2	 Is your wastewater treated before discharge? 

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 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 

 

	 	7.3	 Are air emissions from your operations monitored? 

  
 Page 5 

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.

  

	8.	 Hazardous Materials 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 
 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, or consent
decrees? 

 Yes                
No             
 If so, describe the actions and any continuing
compliance obligations imposed as a result of these actions. 
  

 
  

 
  

  
 Page 6 

	 	9.2	 Has your company ever received requests for information, notice or demand letters, or any other inquiries
regarding its operations? 

Yes                
No             
  

	 	9.3	 Have there ever been, or are there now pending, any lawsuits against the company regarding any environmental or
health and safety concerns? 

Yes                
No             
  

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

Yes                
No             
 If so, identify who conducted the audit
and when it was conducted. 
  
  

 
  

 
  

 
  

 
  

	
	                                      
                                    
	 Company Name
  

	
	By:                                     
                               
	
	Title:                                     
                            
	
	Date:                                     
                            

  
 Page 7 

 EXHIBIT F 

MISSION PARK SIGN CRITERIA 

BUSINESS IDENTIFICATION SIGNS 
  

	 	1.	 Tenant shall be permitted to install, at its sole cost and expense, only one business identification sign
within the existing exterior monument sign. No other business identification signage shall be allowed including but not limited to any signage painted on or otherwise attached in any manner to the exterior building surfaces, planter walls, roof or
other on-site or offsite improvements. 

  

	 	2.	 No alterations shall be allowed to the exterior Building monument signs except as described below.

  

	 	3.	 A layout of the proposed monument sign showing copy, dimensions, materials, colors, installation details, etc.
must be submitted to the Landlord prior to fabrication and installation. All Tenant signage shall require the advanced written approval by Landlord. In addition, signage must comply fully with any and all specific requirements of the Project
CC&R’s and as directed by any and all local, state and federal building codes and requirements. 

 MONUMENT
SIGNS 
  

	 	1.	 All lettering surfaces shall be a uniform white finish. 

 

	 	2.	 Multi-colored, die-cut-vinyl
lettering affixed to the allowable surface area shall be permitted. 

  

	 	3.	 The use of corporate logos and trade style shall be permitted, subject to Landlord’s written approval,
provided such logos or trade styles are within the allowable sign area. 

  

	 	4.	 Logo and lettering shall not exceed 80% of the designated sign area. 

GLASS DOOR ENTRY SIGNS 
  

	 	1.	 Lettering may be of any lettering style but shall be white in color; no other colors will be permitted. Logos
consisting of symbols or letters shall be white in color. 

  

	 	2.	 The lettering area, defined as the rectangular area, which fully encloses all letters, or symbols that
identifies the Tenant business shall not exceed the maximum available sign area as described in the attached example. 

  
 Page 1 

 INFORMATIONAL AND VEHICULAR CONTROL SIGNS 

 

	 	1.	 All informational and vehicular control signs shall require specific written approval by Landlord.

  

	 	2.	 No informational or vehicular control signs shall have a panel, which exceeds 5 square feet in area per side.

  

	 	3.	 No informational or vehicular control sign shall exceed a height of 4 feet above the underlying grade.

  

	 	4.	 No informational or vehicular control sign shall be located so as to reduce the flow of vehicles or
pedestrians. 

  

	 	5.	 No informational or vehicular control signs shall be internally illuminated or illuminated from the ground.

 GENERAL REQUIREMENTS 
  

	 	1.	 All sign contractors employed by the Tenant, or Tenant’s Agents, shall provide proof of current
Workers’ Compensation and certificates of insurance. The Tenant shall indemnify the Landlord from any damages that may arise from the installation, maintenance, use or removal of the Tenants’ sign. 

 

	 	2.	 All signs shall be constructed, installed, maintained and removed at the Tenant’s sole cost and expense.
Landlord may require Tenant to replace the sign, as needed, at Tenant’s sole cost and expense in order to maintain an acceptable appearance of the sign. 

  

	 	3.	 No messages or advertising of any kind including, but not limited to, advertising of products, services or job
openings, grand opening, etc. shall be permitted. 

  

	 	4.	 No trademarks, name, stamps or decals of the sign manufacturer or installer may be displayed on any portion of
the sign. 

  

	 	5.	 Landlord reserves the right to refuse acceptance of any design for aesthetic or installation compliance as
interpreted by the Landlord at its sole and absolute discretion. 

  
 Page 2 

 EXHIBIT G 

FORM OF GUARANTY 

(Corporate Form) 
 THIS
GUARANTY OF LEASE (“Guaranty”), dated as of the date set forth below, is made by BTG INTERNATIONAL MC., a Delaware corporation (“Guarantor”), whose address is Five Tower Bridge, 300 Barr Harbor Dr., Suite 800, West
Conshohocken, PA 19428, for the benefit of WASHCOP I LIMITED PARTNERSHIP, a Delaware limited partnership (“Landlord”), whose address is c/o Washington Real Estate Holdings, LLC, 600 University Street, Suite 2820, Seattle, Washington
98101, with reference to the following facts: 
 RECITALS 

(A)    Landlord and PNEUMRX, INC., a Delaware corporation, as tenant, (“Tenant”) have entered into that
certain Lease Agreement of approximately even date herewith (the “Lease”). 
 (B)    By its covenants herein
set forth, Guarantor has induced Landlord to enter into the Lease, which Lease was made and entered into in consideration for Guarantor’s said covenants. 

(C)    Guarantor receives direct financial and economic benefits from Tenant having entered into the Lease, which benefits
are for commercial business purposes. 
 Therefore, Guarantor covenants and agrees as follows: 

STATEMENT OF THE GUARANTY 

1.    The aforementioned recitals are true and correct. 

2.    Guarantor absolutely, unconditionally and irrevocably guarantees, without deduction by reason of set-off, defense or counterclaim, to Landlord and its successors and assigns, and as primary obligator, the full, punctual, and complete payment of all rent and other sums to be paid to Landlord under the Lease,
including all attorney’s fees, costs and expenses of collection incurred by Landlord in enforcing its rights and remedies under the Lease and this Guaranty, and together with the full, punctual, and complete discharge and performance of each
and every other term, covenant, obligation and warranty contained in the Lease on Tenant’s part to be kept, performed or observed. This Guaranty is of a continuing nature and shall remain in full force and effect until all the terms, covenants,
conditions, and agreements contained in the Lease are fully performed and observed. The fact that at any time or from time to time the obligations may he increased or reduced shall not release or discharge the obligations of Guarantor with respect
to this Guaranty. This Guaranty shall not be discharged by assignment of the Lease. If any payment made by Tenant in satisfaction of any obligation of Tenant is returned by Landlord as a result of court order or directive or requirement of law, in
connection with any bankruptcy, insolvency, reorganization, or receivership proceeding, or otherwise, that obligation shall, for purposes of this Guaranty, be deemed to continue in existence to the extent of the payment returned as if the payment
had never been made. 

  
 Page 1 

 3.    If Tenant shall at any time default in the payment of any rent or
other sums due from Tenant under the Lease or in the performance or observance of any of the other terms, covenants, obligations and warranties in the Lease on Tenant’s part to be kept, performed or observed, then upon the expiration of all
applicable notice and cure periods set forth in the Lease, Guarantor will keep, perform and observe same, as the case may be, in the place and stead of Tenant. The Guarantor shall, upon the expiration of all applicable notice and cure periods set
forth in the Lease, immediately upon demand by Landlord and without presentment, protest, notice of protest, notice of non-payment, notice of intention to accelerate the maturity, notice of acceleration of
maturity or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the obligations to Landlord at Landlord’s address as set forth therein. Upon the expiration of all applicable notice and cure
periods set forth in the Lease, such demand(s) may be made at any time coincident with or after the time for payment of all or part of the obligations and may be made from time to time with respect to the same or different items of obligations. Such
demand shall be deemed made, given and received in accordance with the notice provisions hereof. 
 4.    Any act of
Landlord, or its successors or assigns, consisting of a waiver of any of the terms or conditions of the Lease, or the giving of any consent to any manner or thing relating thereto, or the granting of any indulgences, renewals, extensions of time,
releases, and discharges to Tenant or any other guarantor, or the taking or releasing of any security for payment and performance of the Tenant’s obligations under the Lease, or the refraining from perfecting any interest in any security
granted in connection with the Lease or any other guarantee, may be done without notice to or consent from Guarantor and without releasing Guarantor from any of its obligations hereunder. 

5.    The obligations of Guarantor hereunder shall not be released by Landlord’s receipt, application, release or
impairment of any security or other collateral given for the performance and observance of any covenant or condition in the Lease contained on Tenant’s part to be performed or observed, nor by any modification thereof, nor any release or
discharge of any other guarantor, regardless of whether Guarantor consents thereto or receives notice thereof. 

6.    The liabilities and obligations of Guarantor hereunder shall not be reduced, discharged, or released because or by
reason of any existing or future offset, claim or defense of Tenant or any other party against Landlord or against payment of the obligations, whether such offset, claim or defense arises in connection with the obligations or otherwise. 

7.    The liability of Guarantor hereunder shall in no way be affected by (a) the release or discharge of Tenant in
any receivership, bankruptcy or other proceeding; (b) the impairment, limitation or modification of any liability to Landlord of Tenant or the estate of Tenant in bankruptcy, or of any remedy for the enforcement of Tenant’s liability under
the Lease or resulting from the operation of any present or future provision of federal or state bankruptcy or insolvency laws or other statute or from the decision in any court; (c) the rejection or disaffirmance of the Lease in any
bankruptcy, insolvency, or similar proceeding; (d) the assignment, transfer, or encumbrance of all or any portion 

  
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of the Tenant’s interest in the Lease, the subletting of all or any portion of the Premises, or the granting to any third party of any rights of occupancy of all or any portion of the
Premises; (e) any disability or other defense of Tenant; (f) the cessation from any cause whatsoever of the liability of Tenant (g) the exercise or election by Landlord of any of its rights or remedies reserved under the Lease or by
law; or (h) any extension, renewal, amendment, expansion, or termination of the Lease. Guarantor hereby waives notice of the acceptance of this Guaranty, notice of any event of default under the Lease, opportunity to cure any event of default
under the Lease, and proof of notice or demand to Tenant relating to any event of default. Guarantor hereby further waives any and all defenses, rights of subrogation, reimbursement, indemnification, contribution, and any other rights and defenses
that are or may become available to it arising from performance by the Guarantor under this Guaranty, including without limitation those pursuant to the provisions of California Civil Code Sections 2787 through 2855, inclusive. 

8.    In the event that pursuant to any insolvency, bankruptcy, reorganization, receivership or other debtor relief law or
any judgment, order or decision thereunder, Landlord must rescind or restore any payment or any part thereof received by Landlord in satisfaction of the obligations, any prior release or discharge from the terms of this Guaranty given to Guarantor
by Landlord shall be without effect and this Guaranty shall remain in full force and effect. It is the intention of Tenant and Guarantor that Guarantor’s obligations hereunder shall not be discharged except by Guarantor’s performance of
such obligations and then only to the extent of performance. 
 9.    Guarantor further agrees that it may be joined in
any action against Tenant in connection with the said obligations of Tenant and recovery may be had against Guarantor in any such action. Landlord may enforce the obligations of Guarantor hereunder, at its sole discretion and to the extent permitted
by law, and exercise its rights under this Guaranty and pursue any other security or apply any other collateral it may hold, either prior to, concurrently with, or after, the exercise of its remedies for default against Tenant and/or its successors,
assigns, and/or other guarantors under the Lease, and Guarantor hereby waives all right to assert or plead at any time any and all surety or other defenses in the nature thereof including, without limitation, any provision of law requiring Landlord
to proceed first or exhaust its recourse against Tenant or any other guarantor. This is a guaranty of payment and performance and not of collection. It shall not be necessary for Landlord (and Guarantor hereby waives any rights which Guarantor may
have to require Landlord), in order to enforce the obligations of Guarantor hereunder, first to (i) institute suit or exhaust its remedies against Tenant or any other person. 

10.    Until all the covenants and conditions in the Lease on Tenant’s part to be performed and observed, are fully
performed and observed, including without limitation the payment of all rent and other sums required to be paid by Tenant to Landlord, Guarantor (a) shall have no right of subrogation against Tenant by reason of any payments or acts of
performance by Guarantor hereunder; and (b) subordinates any liability or indebtedness of Tenant now or hereafter held by Guarantor to the obligations of Tenant to Landlord under the Lease. Guarantor waives any defense to payment under this
Guaranty based on any argument that Landlord’s realization on any other security or collateral for the Lease has impaired Guarantor’s subrogation rights. Guarantor acknowledges that it may seek to

  
 Page 3 

 
obtain a separate reimbursement agreement from the Tenant covering amounts paid by Guarantor under this Guaranty, and the presence or absence of such a reimbursement agreement shall have no
effect on Guarantor’s obligations under this Guaranty. 
 11.    Upon written request of Landlord, Guarantor shall
furnish to Landlord, within fifteen (15) business days following receipt of Landlord’s written request, and not more frequently than twice per calendar year, Guarantor’s most current financial statements (including balance sheet and
income statement) for the two (2) years prior to the current financial statements year. Such statements shall be prepared in accordance with generally accepted accounting principles (or, if such is the normal practice of Guarantor,
International Financial Reporting Standards), and, only if such is the normal practice of Guarantor, shall be audited by an independent certified public accountant; otherwise, unaudited statements certified to be true and correct by Guarantor’s
chief financial officer shall be acceptable. Landlord may make such financial statements available to Landlord’s lender or purchaser of the Project (as defined in the Lease) or any portion thereof containing the Premises. Landlord shall
otherwise keep such financial statements confidential and shall require any such prospective lender or purchaser to do the same. 

12.    This Guaranty shall apply to the Lease, any extension, renewal, modification, replacement, or amendment thereof,
and to any expansion or contraction of the premises demised thereby, and to any assignment, other transfer, subletting or other tenancy thereunder, whether by operation of law or otherwise, or to any holdover term following the term granted under
the Lease or any extension or renewal thereof. 
 13.    In the event this Guaranty shall be held ineffective or
unenforceable by any court of competent jurisdiction or in the event of any limitation of Guarantor’s liability hereunder, other than as expressly provided herein, then Guarantor shall be deemed to be a tenant under the Lease with the same
force and effect as if Guarantor were expressly named as a joint and several tenant therein with respect to the obligations of Tenant thereunder hereby guaranteed. 

14.    If Landlord takes any action or participates in any proceeding to enforce the Lease or this Guaranty, or to protect
Landlord’s rights hereunder or thereunder (including, but not limited to, bankruptcy, appellate, and post-judgment proceedings), or shall be made a party to any action or proceeding involving Tenant and/or Guarantor, whether or not such action
or proceeding is commenced prior to or after expiration or termination of the Lease or this Guaranty, the undersigned shall pay to Landlord all costs and expenses, including reasonable attorneys’ fees, incurred or expended by Landlord in
connection therewith. 
 15.    Subject to any applicable statute of limitations, no delay on the part of Landlord in
the exercising any right hereunder or under the Lease shall operate as a waiver of such right or of any other right of Landlord under the Lease or hereunder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or a waiver
of the same or any other right on any future occasion. 
 16.    If there is more than one Guarantor, the term
Guarantor, as used herein, shall include all of them; each and every provision of this Guaranty shall be binding on each and every one of the 

  
 Page 4 

 
undersigned; they shall be jointly and severally liable hereunder; and Landlord shall have the right to join one or all of them in any proceeding or to proceed against them in any order. This
Guaranty is in addition to and not in substitution for any other guarantees held or which may hereafter be held by Landlord, and Guarantor is jointly and severally liable with all such other guarantors for payment of the amounts hereby guaranteed.

 17.    This instrument constitutes the entire agreement between Landlord and Guarantor with respect to the subject
matter hereof, superseding all prior oral or written agreements or understandings with respect thereto and may not be changed, modified, discharged or terminated orally or in any manner other than by an agreement in writing signed by Guarantor and
Landlord. 
 18.    This Guaranty shall be governed by and construed in accordance with the laws of the State of
California, without reference to any principles of conflict of laws. Venue for all actions or proceedings relating to or arising out of this Guaranty shall be in the County in which the premises are located. Guarantor hereby consents to the
jurisdiction of such state or federal court in such county for such purposes and agrees that any notice, complaint or legal process so delivered shall constitute adequate notice and service of process for all purposes and shall subject Guarantor to
the jurisdiction of such Court for purposes of adjudicating any matter related to this Guaranty. 
 19.    If any
provision (or portion or application of any provision) of this Guaranty is found to be invalid or inconsistent with applicable law then that provision (or the smallest portion or narrowest application of that provision that can be removed to render
the provision valid) shall be severed from this Guaranty and the remainder of this Guaranty and the application of that provision to all circumstances where its application is valid shall not be affected thereby and shall continue in full force and
effect. 
 20.    Notice hereunder shall be in writing and shall be effective upon personal service or five
(5) days after deposit thereof in the United States Mail, registered or certified delivery, return receipt requested, to the other party at its above address, except that under no circumstances shall Landlord be obligated to give Guarantor any
notice not specifically required to be given by Landlord pursuant to this Guaranty. Either party may by notice given as aforesaid designate a different address for notice purposes. 

21.    The benefits of this Guaranty shall inure to the successors and assigns of Landlord and shall be binding upon the
successors, assigns, heirs, and legal and personal representatives of the undersigned. For purposes of this Guaranty, the word “Tenant” shall also include the successors and assigns of Tenant. This paragraph shall not affect the
restrictions relating to assignment, subletting, and other transfers by Tenant as set out in the Lease. 
 22.    Each
of Guarantor and Landlord acknowledges that the contents of the Lease and this Guaranty are confidential information. Each of Guarantor and Landlord agrees to keep the Lease and Guaranty strictly confidential and shall not disclose such confidential
information to any person or entity other than to such party’s financial, legal, and space planning consultants, or as may be required by court order or Applicable Laws (as defined in the Lease). 

  
 Page 5 

 IN WITNESS WHEREOF, Guarantor has executed this Guaranty as of the date set forth below.

  

			
	 BTG INTERNATIONAL INC., a Delaware corporation

	
	By: /s/ Matthew J.
Gantz                                        
    
	Print Name: Matthew J.
Gantz                                   
	Title:
President                                       
                    
	Date:
11/4/2015                                       
                   
	EIN:
                                         
                                  

  
 Page 6 

 EXHIBIT B 

FF&E 
 [To be attached]

  
 109 

 EXHIBIT B 
  

					
	 Row Labels
	  	Sum of Count	 
	 Air curtain
	  	 	2	 
	 Air Hoods
	  	 	3	 
	 Arm Chair
	  	 	11	 
	 Artwook
	  	 	12	 
	 Bookcase
	  	 	10	 
	 CER Chairs
	  	 	10	 
	 Compressor
	  	 	1	 
	 Conf Chair
	  	 	48	 
	 Credenza
	  	 	2	 
	 Desk
	  	 	29	 
	 Desk Chairs
	  	 	58	 
	 Dining chairs
	  	 	32	 
	 Dining tables
	  	 	9	 
	 Drawer
	  	 	17	 
	 Drawers – storage
	  	 	3	 
	 Filing Cabinet
	  	 	9	 
	 Filing Cabinet - Lgl - Fire
	  	 	1	 
	 Filing Cabinet - Ltr - Fire
	  	 	26	 
	 Filing Cabinet - Tall
	  	 	14	 
	 Filing Cabinet - Tall - Fire
	  	 	4	 
	 Filing Cabinets - Legal
	  	 	3	 
	 Flammable Cabinet
	  	 	1	 
	 Folding Tables
	  	 	2	 
	 Fridges
	  	 	4	 
	 Fume Hood
	  	 	4	 
	 Guest Chair
	  	 	41	 
	 Heavy Shelves
	  	 	5	 
	 High Workbench
	  	 	28	 
	 Low Workbench
	  	 	21	 
	 Microwaves
	  	 	3	 
	 Picnic Tables
	  	 	4	 
	 Popcorn Machine
	  	 	1	 
	 Quarantine Cage
	  	 	1	 
	 Rolling Cage
	  	 	7	 
	 Rolling Shelves
	  	 	11	 
	 Rolling Stairs
	  	 	1	 
	 Shelves
	  	 	12	 
	 Shelves
	  	 	1	 
	 Shelves & Drawers
	  	 	17	 
	 Sofa
	  	 	5	 
	 Std Cubicle Furniture
	  	 	63	 
	 Table - Coffee
	  	 	6	 
	 Table - Large
	  	 	3	 
	 Table - Medium
	  	 	4	 
	 Table - Round
	  	 	7	 
	 Tall Shelf
	  	 	5	 
	 Tall workbench
	  	 	4	 
	 TV
	  	 	14	 
	 Umbrellas
	  	 	2	 
		  	  
	  
	 
	 Grand Total
	  	 	581EX-10.7

 Exhibit 10.7 

EXECUTION VERSION 
 CERTAIN CONFIDENTIAL
INFORMATION, MARKED BY [***], HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE (I) IT IS NOT MATERIAL AND (II) THE REGISTRANT CUSTOMARILY AND ACTUALLY TREATS THE INFORMATION AS PRIVATE AND CONFIDENTIAL. 

CREDIT AGREEMENT 
 by and among

 MINERVA SURGICAL, INC., 
 as
Borrower, 
 Certain Subsidiaries thereof, as Guarantors, 

The Lenders 
 from Time to Time
Party Hereto, 
 and 
 ARES
CAPITAL CORPORATION, 
 as Administrative Agent, 

Dated as of December 30, 2019 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	 	DEFINITIONS	  	 	1	 
			
	Section 1.01	 	Defined Terms	  	 	1	 
	Section 1.02	 	Other Interpretive Provisions	  	 	30	 
	Section 1.03	 	Accounting Terms and Determination	  	 	31	 
	Section 1.04	 	Rounding	  	 	32	 
	Section 1.05	 	References to Agreements, Laws, etc.	  	 	32	 
	Section 1.06	 	Times of Day	  	 	32	 
	Section 1.07	 	Timing of Payment of Performance	  	 	32	 
	Section 1.08	 	Corporate Terminology	  	 	32	 
	Section 1.09	 	UCC Definitions	  	 	32	 
			
	ARTICLE II	 	AMOUNT AND TERMS OF CREDIT FACILITIES	  	 	32	 
			
	Section 2.01	 	Loans	  	 	32	 
	Section 2.02	 	Minimum Amount of Each Borrowing; Maximum Number of Borrowings	  	 	34	 
	Section 2.03	 	Notice of Borrowing	  	 	35	 
	Section 2.04	 	Disbursement of Funds	  	 	35	 
	Section 2.05	 	Payment of Loans; Evidence of Debt	  	 	36	 
	Section 2.06	 	Conversions and Continuations	  	 	37	 
	Section 2.07	 	Pro Rata Borrowings	  	 	38	 
	Section 2.08	 	Interest	  	 	38	 
	Section 2.09	 	Interest Periods	  	 	39	 
	Section 2.10	 	Increased Costs, Illegality, etc.	  	 	40	 
	Section 2.11	 	Compensation	  	 	42	 
	Section 2.12	 	Change of Lending Office	  	 	42	 
	Section 2.13	 	Notice of Certain Costs	  	 	42	 
	Section 2.14	 	[Reserved]	  	 	42	 
	Section 2.15	 	Defaulting Lenders	  	 	43	 
			
	ARTICLE III	 	[RESERVED]	  	 	44	 
			
	ARTICLE IV	 	FEES AND COMMITMENT TERMINATIONS	  	 	44	 
			
	Section 4.01	 	Fees	  	 	44	 
	Section 4.02	 	Mandatory Termination of Commitments	  	 	45	 
			
	ARTICLE V	 	PAYMENTS	  	 	45	 
			
	Section 5.01	 	Voluntary Prepayments	  	 	45	 
	Section 5.02	 	Mandatory Prepayments	  	 	46	 
	Section 5.03	 	Payment of Obligations; Method and Place of Payment	  	 	49	 
	Section 5.04	 	Net Payments	  	 	49	 
	Section 5.05	 	Computations of Interest and Fees	  	 	52	 
			
	ARTICLE VI	 	CONDITIONS PRECEDENT	  	 	52	 
			
	Section 6.01	 	Conditions Precedent to Initial Credit Extension	  	 	52	 
	Section 6.02	 	Conditions Precedent to all Credit Extensions	  	 	56	 
			
	ARTICLE VII	 	REPRESENTATIONS, WARRANTIES AND AGREEMENTS	  	 	57	 
			
	Section 7.01	 	Corporate Status	  	 	57	 
	Section 7.02	 	Corporate Power and Authority	  	 	57	 
	Section 7.03	 	No Violation	  	 	57	 
	Section 7.04	 	Litigation, Labor Controversies, etc.	  	 	58	 

  
 i 

							
	Section 7.05	 	Use of Proceeds; Regulations U and X	  	 	58	 
	Section 7.06	 	Approvals, Consents, etc.	  	 	58	 
	Section 7.07	 	Investment Company Act	  	 	58	 
	Section 7.08	 	Full Disclosure	  	 	58	 
	Section 7.09	 	Financial Condition; No Material Adverse Effect	  	 	59	 
	Section 7.10	 	Tax Returns and Payments	  	 	60	 
	Section 7.11	 	Compliance with ERISA	  	 	60	 
	Section 7.12	 	Capitalization and Subsidiaries	  	 	61	 
	Section 7.13	 	Intellectual Property; Licenses, etc.	  	 	61	 
	Section 7.14	 	Environmental	  	 	62	 
	Section 7.15	 	Ownership of Properties	  	 	62	 
	Section 7.16	 	No Default	  	 	63	 
	Section 7.17	 	Solvency	  	 	63	 
	Section 7.18	 	Permits and Authorizations	  	 	63	 
	Section 7.19	 	Compliance with Laws; Authorizations	  	 	63	 
	Section 7.20	 	Contractual or Other Restrictions	  	 	64	 
	Section 7.21	 	[Reserved]	  	 	64	 
	Section 7.22	 	Collective Bargaining Agreements	  	 	64	 
	Section 7.23	 	Insurance	  	 	64	 
	Section 7.24	 	Evidence of Other Indebtedness	  	 	64	 
	Section 7.25	 	Deposit Accounts and Securities Accounts	  	 	64	 
	Section 7.26	 	Foreign Assets Control Regulations; Anti-Money Laundering and Anti-Corruption Practices	  	 	64	 
	Section 7.27	 	Patriot Act	  	 	65	 
	Section 7.28	 	Status as Senior Debt; Subordinated Debt	  	 	65	 
	Section 7.29	 	Flood Insurance	  	 	65	 
	Section 7.30	 	Location of Collateral; Equipment List	  	 	66	 
	Section 7.31	 	Regulatory Matters	  	 	66	 
			
	ARTICLE VIII	 	AFFIRMATIVE COVENANTS	  	 	69	 
			
	Section 8.01	 	Financial Information, Reports, Notices and Information	  	 	69	 
	Section 8.02	 	Books, Records and Inspections	  	 	73	 
	Section 8.03	 	Maintenance of Insurance	  	 	73	 
	Section 8.04	 	Payment of Taxes	  	 	74	 
	Section 8.05	 	Maintenance of Existence; Compliance with Laws, etc.	  	 	74	 
	Section 8.06	 	Environmental Compliance	  	 	74	 
	Section 8.07	 	ERISA	  	 	76	 
	Section 8.08	 	Maintenance of Property and Assets	  	 	76	 
	Section 8.09	 	End of Fiscal Years; Fiscal Quarters	  	 	77	 
	Section 8.10	 	Use of Proceeds	  	 	77	 
	Section 8.11	 	Further Assurances; Additional Guarantors and Grantors	  	 	77	 
	Section 8.12	 	Bank Accounts	  	 	79	 
	Section 8.13	 	Anti-Corruption Laws, Anti-Terrorism Laws, Etc.	  	 	79	 
	Section 8.14	 	Landlord Agreements	  	 	79	 
	Section 8.15	 	Intellectual Property	  	 	79	 
	Section 8.16	 	Board Observation	  	 	80	 
	Section 8.17	 	Post-Closing	  	 	81	 

  
 ii 

							
	ARTICLE IX	 	NEGATIVE COVENANTS	  	 	81	 
			
	Section 9.01	 	Limitation on Indebtedness	  	 	81	 
	Section 9.02	 	Limitation on Liens	  	 	82	 
	Section 9.03	 	Consolidation, Merger, etc.	  	 	84	 
	Section 9.04	 	Permitted Dispositions	  	 	84	 
	Section 9.05	 	Investments	  	 	85	 
	Section 9.06	 	Restricted Payments, etc.	  	 	86	 
	Section 9.07	 	Modification of Certain Agreements	  	 	86	 
	Section 9.08	 	Sale and Leaseback	  	 	87	 
	Section 9.09	 	Transactions with Affiliates	  	 	87	 
	Section 9.10	 	Restrictive Agreements, etc.	  	 	87	 
	Section 9.11	 	Hedging Transactions	  	 	88	 
	Section 9.12	 	Changes in Business	  	 	88	 
	Section 9.13	 	Financial Performance Covenants	  	 	88	 
	Section 9.14	 	Disqualified Capital Stock	  	 	89	 
	Section 9.15	 	Removal of Collateral	  	 	89	 
			
	ARTICLE X	 	EVENTS OF DEFAULT	  	 	89	 
			
	Section 10.01	 	Listing of Events of Default	  	 	89	 
	Section 10.02	 	Remedies Upon Event of Default	  	 	92	 
			
	ARTICLE XI	 	THE ADMINISTRATIVE AGENT	  	 	93	 
			
	Section 11.01	 	Appointment	  	 	93	 
	Section 11.02	 	Delegation of Duties	  	 	93	 
	Section 11.03	 	Exculpatory Provisions	  	 	93	 
	Section 11.04	 	Reliance by Administrative Agent	  	 	94	 
	Section 11.05	 	Notice of Default	  	 	94	 
	Section 11.06	 	Non Reliance on Agents and Other Lenders	  	 	94	 
	Section 11.07	 	Indemnification	  	 	95	 
	Section 11.08	 	Agent in Its Individual Capacity	  	 	95	 
	Section 11.09	 	Successor Agents	  	 	96	 
	Section 11.10	 	Administrative Agent Generally	  	 	96	 
	Section 11.11	 	Restrictions on Actions by Lenders; Sharing of Payments	  	 	96	 
	Section 11.12	 	Agency for Perfection	  	 	97	 
	Section 11.13	 	Authorization to File Proof of Claim	  	 	97	 
	Section 11.14	 	Credit Bids	  	 	97	 
	Section 11.15	 	Binding Effect	  	 	98	 
	Section 11.16	 	Authorization to Enter into Subordination Agreement	  	 	98	 
			
	ARTICLE XII	 	MISCELLANEOUS	  	 	98	 
			
	Section 12.01	 	Amendments and Waivers	  	 	98	 
	Section 12.02	 	Notices and Other Communications; Facsimile Copies	  	 	100	 
	Section 12.03	 	No Waiver; Cumulative Remedies	  	 	101	 
	Section 12.04	 	Survival of Representations and Warranties	  	 	101	 
	Section 12.05	 	Payment of Expenses; Indemnification	  	 	101	 
	Section 12.06	 	Successors and Assigns; Participations and Assignments	  	 	102	 
	Section 12.07	 	Replacements of Lenders Under Certain Circumstances	  	 	106	 
	Section 12.08	 	Securitization	  	 	107	 
	Section 12.09	 	Adjustments; Set-off	  	 	107	 

  
 iii 

							
	Section 12.10	 	Counterparts	  	 	108	 
	Section 12.11	 	Severability	  	 	108	 
	Section 12.12	 	Integration	  	 	108	 
	Section 12.13	 	GOVERNING LAW	  	 	108	 
	Section 12.14	 	Submission to Jurisdiction; Waivers	  	 	109	 
	Section 12.15	 	Acknowledgments	  	 	109	 
	Section 12.16	 	WAIVERS OF JURY TRIAL	  	 	110	 
	Section 12.17	 	Confidentiality	  	 	110	 
	Section 12.18	 	Press Releases, etc.	  	 	112	 
	Section 12.19	 	Releases of Guarantees and Liens	  	 	112	 
	Section 12.20	 	USA Patriot Act	  	 	112	 
	Section 12.21	 	No Fiduciary Duty	  	 	113	 
	Section 12.22	 	Authorized Officers	  	 	113	 
	Section 12.23	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	113	 
			
	 SCHEDULES
	 		  			
			
	 Schedule 1.01(a)
	 	 Commitments
	  			
	 Schedule 12.02
	 	 Addresses for Notices
	  			

  

			
	 EXHIBITS
	  	
		
	Exhibit A-1	  	Form of Assignment and Acceptance
	 Exhibit C-1
	  	 Form of Compliance Certificate

	 Exhibit D-1
	  	 Form of DDTL Note

	 Exhibit G-1
	  	 Form of Guarantee Agreement

	 Exhibit N-1
	  	 Form of Notice of Borrowing

	 Exhibit N-2
	  	 Form of Notice of Conversion or Continuation

	 Exhibit T-1
	  	 Form of Term Loan Note

	 Exhibit P-1
	  	 Form of Perfection Certificate

  
 iv 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT, dated as of December 30, 2019, is among MINERVA SURGICAL, INC., a Delaware corporation (the
“Borrower”), the lenders from time to time party hereto (each a “Lender” and, collectively, the “Lenders”), and ARES CAPITAL CORPORATION, a Maryland corporation
(“Ares”), as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”). 

RECITALS 
 WHEREAS,
the Borrower has requested that the Lenders extend credit to the Borrower in the form of (a) an initial term loan in the aggregate principal amount of $30,000,000 on the Closing Date (the “Initial Term Loan
Facility”) and (b) a delayed draw term loan facility (the “DDTL Facility”) in the aggregate principal amount of up to $10,000,000; and 

WHEREAS, (a) the proceeds of the Initial Term Loan Facility will be used (i) to finance the repayment of amounts outstanding
under the Existing Term Credit Facility (as defined herein) and any other Indebtedness outstanding as of the date hereof, (ii) to fund ongoing working capital needs, general corporate purposes, and growth capital expenditure investments of the
Borrower, and (iii) to pay fees and expenses incurred in connection with the transactions contemplated hereby (collectively, the “Initial Term Loan Facility Purposes”) and (b) the proceeds of the DDTL Facility will
be used to fund ongoing working capital needs, general corporate purposes, and growth capital expenditure investments of the Borrower (the “DDTL Facility Purposes”). 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 

ARTICLE I 

Definitions 
 
SECTION 1.01 Defined Terms. As used herein, the following terms shall have the meanings specified in this Section 1.01 unless the context otherwise requires: 

“AAA” shall have the meaning set forth in the definition of “Valuation Firm”. 

“ABR” shall mean, for any day, a fluctuating rate of interest per annum (rounded upward, if necessary, to the next
highest 1/16 of 1%) equal to the highest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Rate in effect on such day plus 1⁄2 of one
percentage point (c) the Eurodollar Rate with a term of three (3) months plus one percentage point, and (d) 3.00% per annum. Changes in the rate of interest on that portion of any Loans maintained as ABR Loans will take effect
simultaneously with each change in the ABR. 
 “ABR Loan” shall mean each Loan bearing interest at ABR, as provided
in Section 2.08. 

 “Acquisition” shall mean any transaction, or any series of related
transactions, consummated on or after the Closing Date, by which any Credit Party or any Subsidiary acquires all or substantially all of the assets of, all of the Capital Stock of, or a business line or unit or a division of, any Person. 

“Additional Notes” shall mean (i) those certain Subordinated Secured Convertible Promissory Notes issued by the
Borrower in favor of each investor named therein, dated as of November 22, 2019, and November 25, 2019, as amended, and (ii) any other Subordinated Secured Convertible Promissory Notes issued by the Borrower after the Closing Date, in
accordance with the terms of this Agreement, in favor of each investor named therein. 
 “Administrative Agent”
shall have the meaning set forth in the preamble to this Agreement. 
 “Administrative Questionnaire” shall mean a
questionnaire completed by each Lender, in a form approved by the Administrative Agent, in which such Lender, among other things, (a) designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Credit Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with such Lender’s compliance
procedures and Applicable Laws, including federal and state securities laws and (b) designates an address, facsimile number, electronic mail address and/or telephone number for notices and communications with such Lender. 

“Affiliate” shall mean, with respect to any Person, any other Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided, that, no Secured Party shall be an Affiliate of any Credit Party solely by reason of the provisions of the Credit Documents. The term
“Control” means either (a) the power to vote, or the beneficial ownership of, 10% or more of the voting Capital Stock of such Person or (b) the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. The terms “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Agreement” shall mean this Credit Agreement, as the same may be amended, amended and restated,
supplemented, or otherwise modified from time to time. 
 “Amortization Amount” shall have the meaning set forth in
Section 2.05(a). 
 “Amortization Extension Period Condition” shall mean any of the
following: (i) the Borrower has delivered to the Administrative Agent, in form and substance reasonably acceptable to the Administrative Agent, an executed letter of intent for the sale (or merger) of the Borrower, which sale or merger will
result in net proceeds sufficient to prepay the Term Loans in full, (ii) Agent shall be reasonably satisfied that the Borrower shall have raised at least $10,000,000 in Net Cash Proceeds after the Closing Date in the form of Additional Notes or
Capital Stock (other than Disqualified Capital Stock), (iii) Agent shall be reasonably satisfied that the Borrower shall have received at least $10,000,000 in Net Cash Proceeds after the Closing Date from business development initiatives (but not,
for the avoidance of doubt, from the licensing of any Product or any other Disposition not permitted hereunder), or (iv) Agent shall be reasonably satisfied that the Borrower shall have received at least $10,000,000 in Net Cash Proceeds after
the Closing Date in connection with settlements or judgments of outstanding litigation. 

  
 2 

 “Anti-Corruption Laws” shall mean any and all laws, rules or
regulations relating to corruption or bribery, including, but not limited to, the FCPA and the U.K. Bribery Act 2010. 

“Anti-Money Laundering Laws” shall mean any and all laws, rules or regulations relating to money laundering or
terrorism financing, including (a) 18 U.S.C. §§ 1956 and 1957; and (b) the Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq., as amended by the PATRIOT Act, and its implementing regulations. 

“Anti-Terrorism Laws” shall mean any laws relating to terrorism, trade sanctions programs and embargoes, import/export
licensing, money laundering or bribery, all as amended, supplemented or replaced from time to time. 
 “Applicable
Laws” shall mean, with respect to any Person, the common law and any federal, state, local, foreign, multinational or international laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders,
judgments, writs, injunctions, decrees (including administrative or judicial precedents or authorities) and the interpretation or administration thereof by, and other determinations, directives, requirements or requests of, any Governmental
Authority, in each case whether or not having the force of law and that are applicable to or binding upon such Person or any of its Property or Products or to which such Person or any of its Property or Products is subject. For the avoidance of
doubt, the term “Applicable Laws” shall include Healthcare Laws, Environmental Laws, FATCA and any intergovernmental agreements with respect thereto between the United States and another jurisdiction. 

“Applicable Margin” shall mean the sum of (x) a percentage per annum equal to, with respect to Loans,
(i) that are Eurodollar Loans, 9.50 percentage points and (ii) that are ABR Loans, 8.50 percentage points, plus, (y) to the extent applicable pursuant to Section 2.08(f), the PIK Increase Amount. 

“Approved Fund” shall mean any Person (other than a natural person) that is engaged in making, purchasing, holding or
investing in bank loans and similar extensions of credit in the ordinary course and that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers,
advises or manages a Lender. 
 “Assignment and Acceptance” shall mean an assignment and acceptance substantially in
the form of Exhibit A-1, or otherwise in form and substance satisfactory to the Administrative Agent. 

“Attributable Indebtedness” shall mean, on any date, in respect of any Capitalized Lease of any Person, the
capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP. 

“Authorizations” means, with respect to any Person, any permits (including Regulatory Required Permits), approvals,
authorizations, licenses, registrations, listings, certificates, clearances, concessions, grants, franchises, variances or permissions from or filed with, and any other contractual obligations with, any Governmental Authority, in each case whether
or not having the force of law and applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject, and any supplements or amendments with respect to the foregoing. 

  
 3 

 “Authorized Officer” shall mean, with respect to any Credit Party,
the Chief Executive Officer, the Chief Financial Officer, or any other senior financial officer (to the extent that such senior financial officer is designated as such in writing to the Administrative Agent by such Credit Party) of such Credit
Party. 
 “Bail-In Action” shall mean the exercise of any Write-Down and
Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” shall mean, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the
implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

“Bankruptcy Code” shall mean the Federal Bankruptcy Reform Act of 1978. 

“Board” shall mean the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Board of Directors” shall mean the board of directors (or comparable managers) of each Credit Party, or any committee
thereof duly authorized to act on behalf of the board of directors (or comparable managers). 
 “Borrower” shall
have the meaning set forth in the preamble to this Agreement. 
 “Borrowing” shall mean and include the incurrence
of one Type of Loan on a given date (or resulting from conversions on a given date) having, in the case of Eurodollar Loans, the same Interest Period. 

“Budget” shall have the meaning set forth in Section 8.01(f). 

“Business Day” shall mean (a) any day excluding Saturday, Sunday and any day that shall be in the City of New
York a legal holiday or a day on which banking institutions are authorized by law or other governmental actions to close, and (b) any day that is also a day for trading by and between banks in Dollar deposits in the interbank Eurodollar market.

 “Capital Stock” shall mean any and all shares, interests, participations, units or other equivalents (however
designated) of capital stock of a corporation, membership interests in a limited liability company, partnership interests of a limited partnership, any and all equivalent ownership interests in a Person and any and all warrants, rights or options to
purchase any of the foregoing. 
 “Capitalized Lease Obligations” shall mean, as applied to any Person, all
obligations under Capitalized Leases of such Person or any of its Subsidiaries, in each case taken at the amount thereof accounted for as liabilities on the balance sheet (excluding the footnotes thereto) of such Person in accordance with GAAP. 

  
 4 

 “Capitalized Leases” shall mean, as applied to any Person, all
leases of property that have been or should be, in accordance with GAAP, recorded as capitalized leases on the balance sheet of such Person or any of its Subsidiaries, on a consolidated basis; provided, that for all purposes hereunder the
amount of obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability on the balance sheet (excluding the footnotes thereto) of such Person in accordance with GAAP. 

“Cash Equivalents” shall mean: 

(a) any direct obligation of (or unconditional guarantee by) the United States (or any agency or political subdivision thereof, to the extent
such obligations are supported by the full faith and credit of the United States) maturing not more than one year after the date of acquisition thereof; 

(b) commercial paper maturing not more than one hundred eighty (180) days from the date of issue and issued by (i) a corporation
(other than an Affiliate of any Credit Party) organized under the laws of any state of the United States or of the District of Columbia and, at the time of acquisition thereof, rated A-1 or higher by S&P
or P-1 or higher by Moody’s, or (ii) any Lender (or its holding company); 
 (c) any
certificate of deposit, time deposit or bankers acceptance, maturing not more than one hundred eighty (180) days after its date of issuance, which is issued by either: (i) a bank organized under the laws of the United States (or any state
thereof) which has, at the time of acquisition thereof, (A) a credit rating of P2 or higher from Moody’s or A or higher from S&P and (B) a combined capital and surplus greater than $500,000,000, or (ii) a Lender; 

(d) any repurchase agreement having a term of thirty (30) days or less entered into with any Lender or any commercial banking institution
satisfying, at the time of acquisition thereof, the criteria set forth in clause (c)(i) which (i) is secured by a fully perfected security interest in any obligation of the type described in clause (a), and (ii) has a market value at the
time such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such Lender or commercial banking institution thereunder; and 

(e) money market and mutual funds investing primarily in assets described in clauses (a) through (d) of this definition. 

“Casualty Event” shall mean the damage, destruction or condemnation, as the case may be, of property of any Person or
any of its Subsidiaries. 
 “CERCLA” shall mean the Comprehensive Environmental Response, Compensation and Liability
Act of 1980. 
 “Change of Control” shall mean an event or series of events by which: (a) any
“person” or “group” (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the “beneficial owner” (as defined in Rule
13d-3 under the Securities 

  
 5 

 
Exchange Act of 1934, as amended), directly or indirectly, (i) before a Qualified IPO, of more than 50% of the outstanding voting Capital Stock of Borrower having the right to vote for the
election of the members of the Board of Directors or (ii) after a Qualified IPO, of more than 35% of the outstanding voting Capital Stock of Borrower having the right to vote for the election of the members of the Board of Directors,
(b) except as permitted by this Agreement, Borrower ceases to own 100% of the issued and outstanding Capital Stock of its Subsidiaries that are Credit Parties, (c) during any period of 24 consecutive months commencing on or after the
Closing Date, the occurrence of a change in the composition of the Board of Directors of Borrower such that a majority of the members of such Board of Directors are not Continuing Directors, (d) the sale, conveyance or disposal of all or
substantially all of the Borrower’s property or business or any other transaction or series of related transactions (other than a Qualified IPO) in which the holders of the voting Capital Stock of the Borrower outstanding immediately prior to
such transaction or series of related transactions cease to retain, immediately after such transaction or series of related transactions, at least a majority of the total voting power represented by the outstanding voting Capital Stock of the
Borrower or (e) a “Change of Control” (as defined in the Investor Notes) shall occur. 
 “Claims”
shall have the meaning set forth in the definition of “Environmental Claims”. 
 “Closing Date” shall mean
December 30, 2019. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and
the regulations promulgated and rulings issued thereunder. Section references to the Code are to the Code, as in effect at the date of this Agreement, and any subsequent provisions of the Code, amendatory thereof, supplemental thereto or substituted
therefor. 
 “Collateral” shall mean the assets of any Credit Party upon which Administrative Agent has been granted
a Lien in connection with this Agreement pursuant to the Collateral Documents, but excludes in all cases Excluded Collateral (as defined in the Security Agreement). 

“Collateral Documents” shall mean the Security Agreement and each other document or agreement that creates or perfects
any security interests granted by any of the Credit Parties to the Administrative Agent on behalf of the Secured Parties. 

“Collateral Sale” shall have the meaning set forth in Section 11.14. 

“Collections” shall mean all cash, checks, credit card slips or receipts, notes, instruments, and other items of
payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and Tax refunds) of the Credit Parties. 

“Commitment” shall mean any of the Initial Term Loan Commitment or DDTL Commitment. The aggregate amount of the
Commitments as of the date hereof is $40,000,000, as set forth on Schedule 1.01(a). 
 “Compliance
Certificate” shall mean a certificate duly completed and executed by an Authorized Officer of the Borrower substantially in the form of Exhibit C-1, or otherwise in form
and substance satisfactory to the Administrative Agent. 

  
 6 

 “Confidential Information” shall have the meaning set forth in
Section 12.17. 
 “Connection Income Taxes” shall mean Other Connection Taxes that are
imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Contingent
Liability” shall mean, for any Person, any agreement, undertaking or arrangement by which such Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to
provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the Indebtedness of any other Person (other than by endorsements of instruments in the course of collection), or
guarantees the payment of dividends or other distributions upon the Capital Stock of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the
outstanding principal amount of the debt, obligation or other liability guaranteed thereby. 
 “Continuing Director”
shall mean (a) any member of the Board of Directors who was a director (or comparable manager) of Borrower on the Closing Date, and (b) any individual who becomes a member of the Board of Directors after the Closing Date if such individual
was approved, appointed or nominated for election to the Board of Directors by a majority of the Continuing Directors. 

“Control” shall have the meaning set forth in the definition of “Affiliate”. 

“Control Agreement” shall mean a control agreement, in form and substance reasonably satisfactory to Administrative
Agent, executed and delivered by the applicable Credit Party, Administrative Agent, and the applicable securities intermediary or bank, which agreement is sufficient to give the Administrative Agent “control” over each of such Credit
Party’s securities accounts, deposit accounts or investment property, as the case may be. 
 “Correction” means
the repair, modification, adjustment, relabeling, or destruction of a device to prevent a serious injury or death without its physical removal from its point of use to some other location. 

“Credit Documents” shall mean this Agreement, the Control Agreements, the Fee Letter, the Guarantee Agreement, the
Security Documents, the Subordination Agreement, the Perfection Certificate, any Notes issued by the Borrower hereunder, any intercreditor or subordination agreements in favor of the Administrative Agent with respect to this Agreement, and any other
agreement entered into now, or in the future, by any Credit Party, on the one hand, and the Administrative Agent or Lender, on the other hand, in connection with this Agreement. 

“Credit Extension” shall mean and include the making (but not the conversion or continuation) of a Loan. 

“Credit Facility” shall mean any of the Initial Term Loan Facility or DDTL Facility, as applicable, and collectively,
the Initial Term Loan Facility and DDTL Facility. 

  
 7 

 “Credit Party” shall mean the Borrower, each of the Guarantors and
each other Person that becomes a Credit Party hereafter pursuant to the execution of joinder documents. 
 “DDTL
Commitment” shall mean, (a) in the case of each Lender that is a Lender on the date hereof, the amount set forth opposite such Lender’s name on Schedule 1.01(a) as such Lender’s “DDTL Commitment” and
(b) in the case of any Lender that becomes a Lender after the date hereof, the amount specified as such Lender’s “DDTL Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the DDTL
Commitment, in each case as the same (x) shall be permanently reduced each time there is a Delayed Draw Term Loan draw by the amount of such Delayed Draw Term Loan draw that such Lender funds and (y) may be otherwise changed from time to
time pursuant to the terms hereof. The aggregate amount of the DDTL Commitments as of the date hereof is $10,000,000, as set forth on Schedule 1.01(a). 

“DDTL Commitment Expiration Date” shall mean December 31, 2020. 

“DDTL Facility” shall have the meaning set forth in the recitals to this Agreement. 

“DDTL Facility Purposes” shall have the meaning set forth in the recitals. 

“DDTL Note” shall mean a promissory note substantially in the form of Exhibit
D-1. 
 “Declined Proceeds” shall have the meaning set forth in
Section 5.02(k). 
 “Default” shall mean any event, act or condition that with notice or
lapse of time, or both, would constitute an Event of Default. 
 “Default Rate” shall have the meaning set forth in
Section 2.08(c). 
 “Defaulting Lender” shall mean, subject to
Section 2.15, any Lender that, as determined by the Administrative Agent, (a) has failed to (i) fund any portion of the Term Loans required to be funded by it hereunder for three (3) or more Business Days
unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with
any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder, (b) has notified the
Borrower, or the Administrative Agent in writing that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements in which it
commits to extend credit (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding
(which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) or more Business Days after written request by the
Administrative Agent or the Borrower, to confirm in writing in a manner satisfactory to the Administrative Agent that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender
pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a bankruptcy or insolvency proceeding,

  
 8 

 
(ii) had a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets,
including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such capacity, (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such
proceeding or appointment or (iv) become the subject of a Bail-in Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in
that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the
Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error. 

“Delayed Draw Term Loan” shall have the meaning set forth in Section 2.01(a). 

“Disclosure Letter” shall mean the disclosure letter, dated as of the Closing Date, as amended or supplemented from
time to time pursuant to the terms of this Agreement, delivered by the Borrower to the Administrative Agent for the benefit of the Lenders. 

“Disposition” shall mean, with respect to any Person, any sale, transfer, lease, contribution, division or other
conveyance (including by way of merger) or abandonment of, or the granting of options, warrants, license or other rights to, any of such Person’s or their respective Subsidiaries’ assets (including Receivables and Capital Stock of
Subsidiaries) to any other Person in a single transaction or series of transactions. 
 “Disqualified Capital Stock”
shall mean any Capital Stock that, by its terms (or by the terms of any security or other Capital Stock into which it is convertible or for which it is exchangeable) or upon the happening of any event or condition, (a) matures or is mandatorily
redeemable (other than solely for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise (except as a result of a Change of Control or asset sale so long as any rights of the holders thereof upon the occurrence of a Change of
Control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other
than solely for Qualified Capital Stock) (except as a result of a Change of Control or asset sale so long as any rights of the holders thereof upon the occurrence of a Change of Control or asset sale event shall be subject to the prior repayment in
full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), in whole or in part, (c) provides for the scheduled payment of dividends in cash or (d) is or becomes convertible into or
exchangeable for Indebtedness or any other Capital Stock that would constitute Disqualified Capital Stock, in each case, prior to the date that is ninety-one (91) days after the latest Maturity Date;
provided, that if such Capital Stock is issued pursuant to a plan for the benefit of employees of the Borrower or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Capital Stock
solely because it may be required to be repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

  
 9 

 “Dollars” and “$” shall mean dollars in
lawful currency of the United States of America. 
 “Domestic Subsidiary” shall mean each Subsidiary of the Borrower
that is organized under the Applicable Laws of the United States, any state, territory, protectorate or commonwealth thereof, or the District of Columbia. 

“EEA Financial Institution” shall mean (a) any credit institution or investment firm established in any EEA
Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any
financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent; 

“EEA Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

 “EEA Resolution Authority” shall mean any public administrative authority or any Person entrusted with public
administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Environmental Claims” shall mean any and all administrative, regulatory, adjudicatory or judicial actions, suits,
demands, demand letters, claims, liens, fines, penalties, requests for information, inquiries, notices of noncompliance or violation, investigations (other than internal reports prepared by the Credit Parties in the ordinary course of such
Person’s business) or proceedings relating in any way to any Environmental Law, any Hazardous Material (including any exposure to any Hazardous Material), or any permit issued, or any approval given, under any such Environmental Law
(“Claims”), including (i) any and all Claims by governmental or regulatory authorities for enforcement, cleanup, removal, response, remedial, investigation, monitoring or other actions or damages pursuant to any
Environmental Law and (ii) any and all Claims by any Person seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from the presence, Release of, or threat of Release of Hazardous Materials or
arising from alleged injury or threat of injury to human health, public safety or the environment, pursuant to any Environmental Law. 

“Environmental Law” shall mean any federal, state, foreign, regional, county or local statute, law, rule, regulation,
ordinance, and code now or hereafter in effect and in each case as amended, and any binding judicial or administrative interpretation thereof, including any binding judicial or administrative order, decree or judgment, relating to the protection of
human health, safety or the environment or natural resources, including laws relating to the Release, threat of Release, manufacture, processing, distribution, use, presence, production, treatment, storage, disposal, transport, labeling or handling
of, or exposure to, Hazardous Materials, including the Federal Water Pollution Control Act, the Resource Conservation and Recovery Act, the Safe Drinking Water Act, the Toxic Substances Control Act, the Clean Air Act and CERCLA, and other similar
state and local statutes, and any regulations promulgated thereto. 
 “ERISA” shall mean the Employee Retirement
Income Security Act of 1974, as amended from time to time, and the regulations promulgated thereunder. Section references to ERISA are to ERISA as in effect at the date of this Agreement and any subsequent provisions of ERISA amendatory thereof,
supplemental thereto or substituted therefor. 

  
 10 

 “ERISA Affiliate” shall mean each person (as defined in
Section 3(9) of ERISA) that, together with any Credit Party or a Subsidiary thereof, is, or within the last six (6) years was, treated as a “single employer” within the meaning of Section 414(b), (c), (m) or (o) of the
Code. 
 “ERISA Event” shall mean (a) any “reportable event,” as defined in Section 4043 of
ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived pursuant to applicable regulations), (b) any failure by any Plan to satisfy the minimum funding standard (within the
meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, in each case whether or not waived, (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for
a waiver of the minimum funding standard with respect to any Plan, (d) a determination that any Plan is, or is reasonably expected to be, in “at-risk” status (as defined in
Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code), (e) the incurrence by Holdings, the Borrower, and Restricted Subsidiary or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any
Plan, (f) the receipt by Holdings, the Borrower, any Restricted Subsidiary or any ERISA Affiliate from the PBGC of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan, (g) the
cessation of operations at a facility of Holdings, the Borrower, any Restricted Subsidiary or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA with respect to any Plan subject to Section 4062(e) of ERISA,
(h) the incurrence by Holdings, the Borrower, any Restricted Subsidiary or any ERISA Affiliate of any liability with respect to its withdrawal or partial withdrawal from any Plan or Multiemployer Plan or (i) the receipt by Holdings, the
Borrower, any Restricted Subsidiary or any ERISA Affiliate of any notice concerning the imposition of Withdrawal Liability on it or a determination that a Multiemployer Plan is, or is reasonably expected to be, insolvent, within the meaning of Title
IV of ERISA or in “endangered” or “critical” status, within the meaning of Section 305 of ERISA. 
 “EU Bail-In Legislation Schedule” shall mean the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from
time to time. 
 “Eurodollar Loan” shall mean any Loan bearing interest at a rate determined by reference to the
Eurodollar Rate. 
 “Eurodollar Rate” shall mean, with respect to any Eurodollar Loan for any Interest Period, a
rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the greater of (a) 2.00% per annum and (b) an amount equal to (i) the rate per annum appearing on Bloomberg Professional Service Page BBAM1 offered rate
for deposits in Dollars at approximately 11:00 a.m. (London time) two (2) business days prior to the first day of such interest period for a three (3) month term; multiplied by (ii) the Statutory Reserve Rate. If for any
reason the rate referred to in clause (b)(i) is not available, for any such interest period, such rate will be (x) a comparable successor or alternative interbank rate for deposits in Dollars that is, at such time, broadly accepted by the loan
market in lieu of the Eurodollar Rate and is reasonably acceptable to the Administrative Agent and the Borrower or (y) solely if no such broadly accepted comparable successor interbank rate exists at such time, a successor or alternative index
rate as the Administrative Agent may 

  
 11 

 
reasonably determine in light of prevailing market practices and is reasonably acceptable to the Borrower, and in either case, such rate shall be implemented as agreed between the Administrative
Agent and the Borrower; provided that, to the extent a successor or alternative index rate cannot be agreed upon in accordance with clause (x) or (y) above within five (5) Business Days after the Eurodollar Rate becomes unavailable, all
Loans hereunder will be deemed to be ABR Loans (and shall bear interest accordingly) for purposes of the definition of “Applicable Margin” and Section 2.10, until such time as an alternative rate can be agreed
upon in accordance with clause (x) or (y). 
 “Event of Default” shall have the meaning set forth in Article
X. 
 “Excluded Account” means each deposit or securities accounts constituting (a) a zero balance account
that sweeps on a daily basis into a deposit account subject to a Control Agreement, (b) a deposit account used solely to fund payroll obligations, health benefit or employee benefit obligations, trust fund Tax obligations, escrow arrangements,
trust accounts or holding third-party insurance funds or funds owned by Persons other than the Credit Parties, (c) a deposit account into which an Account Debtor makes payment under Medicare, Medicaid, TRICARE or any other health program
operated by or financed in whole or in part by any foreign or domestic federal, state or local government so long as funds on deposit in such deposit account are transferred on each Business Day to an account subject to a Control Agreement, or
(e) a deposit account established solely for the purpose of holding amounts on deposit for use as cash collateral for credit card obligations and reimbursement obligations under letters of credit permitted by
Section 9.01. 
 “Excluded Subsidiary” shall mean any Subsidiary that is (a) a
Foreign Subsidiary, (b) a FSHCO, or (c) a Subsidiary owned by a Foreign Subsidiary, in each case, solely to the extent that the pledge of Capital Stock of, or the provision of a guarantee by, the foregoing would reasonably be expected to
result in adverse Tax consequences to the Credit Parties. 
 “Excluded Taxes” shall mean with respect to the
Administrative Agent, any Lender or any other Recipient, (a) income, franchise, branch profits or similar Taxes imposed on (or measured by) its net income (i) by the United States of America, or by the jurisdiction under the laws of which
such Recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or (ii) that are Other Connection Taxes, (b) in the case of a Non-U.S. Lender, any U.S. federal withholding Tax that is imposed on amounts payable to such Non-U.S. Lender pursuant to a law in effect at the time such Non-U.S. Lender becomes a party to this Agreement (or designates a new lending office, unless such designation was at the request of the Borrower), except to the extent that such
Non-U.S. Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding Tax
pursuant to Section 5.04(a), (c) Taxes imposed by reason of the failure of the Administrative Agent or such Lender to comply with its obligations under Section 5.04(b),
Section 5.04(c), or Section 5.04(e), or to the extent that such documentation fails to establish a complete exemption from applicable withholding Taxes, other than, in either case, due to a change
in Applicable Laws after the Closing Date, and (d) U.S. federal withholding Taxes imposed under FATCA. 
 “Exit
Fee” shall have the meaning set forth in Section 4.01(c). 

  
 12 

 “Exit Fee Equity Value” shall mean (i) in the event the Exit
Fee is being paid in connection with (A) a sale, transfer or other conveyance or disposal of all or substantially all of the Borrower’s assets, properties or business, or (B) any transaction or series of related transactions (other
than a Qualified IPO) in which the holders of the voting Capital Stock of the Borrower outstanding immediately prior to such transaction or series of related transactions cease to retain, immediately after such transaction or series of related
transactions, at least a majority of the total voting power represented by the outstanding voting Capital Stock of the Borrower, an amount equal to the acquisition price paid or to be paid to the Borrower or the equity holders of the Borrower, or
(ii) in any other circumstance, (A) if the Capital Stock of the Borrower is publicly traded at such time, (1) if the Exit Fee Equity Value is being determined at any time on or after the closing of a Qualified IPO through the
twentieth consecutive Business Day following the closing of such Qualified IPO, the sale price per share of Borrower’s Capital Stock sold in the Qualified IPO multiplied by the number of shares of Borrower’s Capital Stock outstanding
immediately after the closing of the Qualified IPO, or (2) if the Exit Fee Equity Value is being determined at any time on or after the twenty-first consecutive Business Day following the closing of a Qualified IPO, an amount equal to the
volume-weighted average of the closing sales prices of such securities for the twenty consecutive Business Days ending on the Business Day immediately prior to the day on which the Exit Fee Equity Value is to be determined, multiplied by the number
of shares of Borrower’s Capital Stock outstanding on the Business Day immediately prior to the day on which the Exit Fee Equity Value is to be determined, or (B) if the equity securities of the Borrower are not publicly traded at such
time, an amount equal to Borrower’s post-money valuation immediately following the closing of Borrower’s most recent round of bona fide equity financing, as adjusted to take into account the exercise of all outstanding options and warrants
and the conversion of any outstanding convertible debt securities (including the Investor Notes), into Borrower’s Capital Stock at the price per share that such Capital Stock was sold in such bona fide equity financing. In the event that the
Borrower and the Administrative Agent are unable to agree on the Exit Fee Equity Value within twenty (20) days after the date on which the Exit Fee Equity Value is to be determined pursuant to Section 4.01(c), the Exit
Fee Equity Value shall be determined by the Valuation Firm (acting as an expert and not as an arbitrator). The Borrower and the Administrative Agent shall instruct the Valuation Firm to render a final resolution in writing to the Borrower and the
Administrative Agent promptly after its appointment, and in any event not later than twenty (20) days after the date on which the Valuation Firm is retained, which final resolution shall be based solely on presentations by the Borrower and
Administrative Agent to the Valuation Firm (and not by independent review by the Valuation Firm), and shall set forth in reasonable detail the basis for the Valuation Firm’s final determination. The Valuation Firm’s final determination
shall be final and binding on the Borrower and the Administrative Agent. The expenses of the Valuation Firm will be borne by the Administrative Agent, on the one hand, and the Borrower, on the other hand, on a proportional basis based on the
disputed amount of the Exit Fee Equity Value that has been submitted to the Valuation Firm for resolution that ultimately is determined by the Valuation Firm to be included in the Exit Fee Equity Value (for example, to the extent (1) 100% of the
disputed amount is ultimately included in the Exit Fee Equity Value, Borrower shall bear 100% of the expenses, (2) 0% of the disputed amount is ultimately included in the Exit Fee Equity Value, Administrative Agent shall bear 100% of the expenses,
and (3) 50% of the disputed amount is ultimately included in the Exit Fee Equity Value, each of Administrative Agent and Borrower shall bear 50% of the expenses). 

  
 13 

 “Existing Notes” shall mean those certain Subordinated Secured
Convertible Promissory Notes outstanding as of the Closing Date by the Borrower in favor of each investor named therein (the “Existing Investors”), as set forth on Schedule 1.01(b) to the Disclosure Letter. 

“Existing Term Credit Facility” shall mean that certain Amended and Restated Loan and Security Agreement, dated as of
July 19, 2019, by and among the Borrower and Silicon Valley Bank. 
 “Extraordinary Receipts” any cash received
by or paid to or for the account of any Person not in the ordinary course of business, including, without limitation, Tax refunds, pension plan reversions, proceeds of insurance (other than proceeds of business interruption insurance to the extent
such proceeds constitute compensation for lost earnings), judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action and similar payments, indemnity payments and any purchase price adjustment
received in connection with any purchase agreement; provided, however, that Extraordinary Receipts shall not include cash receipts from proceeds of insurance or similar payments, or indemnity payments to the extent that such funds are received by
any Person in respect of any third party claim against such Person and applied to pay (or reimburse such Person for its prior payment of) such claim plus related costs and expenses. For the avoidance of doubt, Extraordinary Receipts shall not
include any proceeds from the sale of the Borrower’s Capital Stock. 
 “FATCA” shall mean Sections 1471 through
1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any
agreement entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities implementing
such Sections of the Code. 
 “FCPA” shall mean the Foreign Corrupt Practices Act of 1977, as amended from time to
time, and the rules and regulations thereunder. 
 “FDA” shall mean the United States Food and Drug Administration
and any successor thereto. 
 “Federal Funds Rate” shall mean, for any day, a fluctuating interest rate per annum
equal to: (a) the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next
succeeding Business Day) by the Federal Reserve Bank of New York; or (b) if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Administrative
Agent from three federal funds brokers of recognized standing selected by it. 
 “Fee Letter” shall mean the Fee
Letter dated as of the date hereof by and between the Borrower and the Administrative Agent, as amended, restated, supplemented or otherwise modified from time to time. 

  
 14 

 “Fees” shall mean all amounts payable pursuant to, or referred to
in, Section 4.01 or the Fee Letter. 
 “Financial Performance Covenants” shall mean the
covenants set forth in Section 9.13. 
 “Flood Hazard Property” shall have the meaning set
forth in the definition of the term “Flood Insurance Requirements”. 
 “Flood Insurance Laws” shall mean,
collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute
thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto, (iv) the Flood Insurance Reform Act of 2004 and (v) the Biggert –Waters Flood Insurance Reform
Act of 2012, as now or hereafter in effect of any successor statute thereto, in each case, together with all statutory and regulatory provisions consolidating, amending, replacing, supplementing, implementing or interpreting any of the
foregoing, as amended or modified from time to time. 
 “Flood Insurance Requirements” shall mean (i) a
completed “life of loan” Federal Emergency Management Standard Flood Hazard Determination as to whether such real property is in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards (a
“Flood Hazard Property”) and (ii) if such real property is a Flood Hazard Property, evidence as to (A) whether the community in which such real property, or as applicable, the leasehold interest of such Credit Party
in such real property, is located is participating in the National Flood Insurance Program, (B) the applicable Credit Party’s written acknowledgment of receipt of written notification from the Administrative Agent (1) as to the fact
that such real property is a Flood Hazard Property and (2) as to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (C) copies of flood insurance policies
under the National Flood Insurance Program (or private insurance endorsed to cause such private insurance to be fully compliant with the federal law as regards private placement insurance applicable to the National Flood Insurance Program, with
financially sound and reputable insurance companies not Affiliates of the Borrower) or a declaration page, application accompanied by proof of premium payment for such policies, or such other documentation as is satisfactory to the Administrative
Agent and each Lender, with confirmation of such satisfaction of such Lender to be made in writing (which, for purposes of such confirmation, shall include email) and such confirmation shall not be unreasonably withheld or delayed, in each case, for
the Borrower and its Subsidiaries evidencing such flood insurance coverage in such amounts and with such deductibles as required by Flood Insurance Laws or as the Administrative Agent may request (but no less than required by applicable Flood
Insurance Laws) and naming the Administrative Agent and its successors and/or assigns as sole loss payee on behalf of the Lenders. 

“Foreign Subsidiary” shall mean each Subsidiary of a Credit Party that characterized as a corporation for U.S. federal
income Tax purposes and is not a Domestic Subsidiary. 
 “FSHCO” shall mean any Domestic Subsidiary substantially
all of the assets of which consist of (or are treated as consisting of, for U.S. federal income Tax purposes) the equity interests of (or the equity interests and Indebtedness of) one or more Foreign Subsidiaries and/or other entities that are
described in this definition. 

  
 15 

 “GAAP” shall mean generally accepted accounting principles in the
United States of America, as in effect from time to time; provided, that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after
the Closing Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of
whether any such notice is given before or after such change in GAAP or in the application thereof, then the Administrative Agent, the Lenders and the Credit Parties shall negotiate in good faith to effect such amendment and such provision shall be
interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. 

“Good Manufacturing Practices” means current good manufacturing practices, as set forth in 21 C.F.R. Parts 820 and any
comparable and applicable foreign requirements. 
 “Governmental Authority” shall mean the government of the United
States, any foreign country or any multinational authority, or any state, commonwealth, protectorate or political subdivision thereof, and any entity, body or authority exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government, including the PBGC and other quasi-governmental entities established to perform such functions. 

“Guarantee Agreement” shall mean a Guarantee Agreement, executed and delivered by each Guarantor in favor of the
Administrative Agent for the benefit of the Secured Parties, substantially in the form of Exhibit G-1, or otherwise in form and substance reasonably satisfactory to the Administrative Agent. 

“Guarantee Obligations” shall mean, as to any Person, any Contingent Liability of such Person or other obligation of
such Person guaranteeing or intended to guarantee any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of such Person, whether or not contingent,
(a) to purchase any such Indebtedness or any property constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any such Indebtedness or (ii) to maintain working capital
or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such Indebtedness of the
ability of the primary obligor to make payment of such Indebtedness or (d) otherwise to assure or hold harmless the owner of such Indebtedness against loss in respect thereof; provided, that the term “Guarantee Obligations”
shall not include endorsements of instruments for deposit or collection in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Closing Date, entered into in connection with any acquisition or
disposition of assets permitted under this Agreement (other than with respect to Indebtedness). The amount of any Guarantee Obligation shall be deemed to be an amount equal to the stated or determinable amount of the Indebtedness in respect of which
such Guarantee Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. 

  
 16 

 “Guarantors” shall mean (a) each Person that is a Subsidiary
(other than an Excluded Subsidiary) on the Closing Date and (b) each Person that becomes a party to the Guarantee Agreement after the Closing Date pursuant to Section 8.11. 

“Hazardous Materials” shall mean (a) any petroleum or petroleum products, radioactive materials, friable
asbestos, urea formaldehyde foam insulation, transformers or other equipment that contain dielectric fluid containing regulated levels of polychlorinated biphenyls, and radon gas; (b) any chemicals, materials or substances defined as or
included in the definition of “hazardous substances”, “hazardous waste”, “hazardous materials”, “extremely hazardous waste”, “restricted hazardous waste”, “toxic substances”, “toxic
pollutants”, “contaminants”, or “pollutants”, or words of similar import, under any Environmental Law; and (c) any other chemical, material or substance, which is classified, prohibited, limited or regulated by, or
forming the basis of liability under any Environmental Law. 
 “Healthcare Laws” means all Applicable Laws relating
to the procurement, development, provision, clinical and non-clinical evaluation or investigation, product approval or clearance, manufacture, production, analysis, distribution, dispensing, importation,
exportation, use, handling, quality, reimbursement, sale, labeling, advertising, promotion, or post-market requirements of any Product (including, without limitation, any component of, or accessory to, such Product) subject to regulation under the
FFDCA or otherwise regulated by the FDA and similar state or foreign laws, Medicare, Medicaid, and all laws and regulations pursuant to which Regulatory Required Permits are issued, in each case, as the same may be amended from time to time. 

“Hedge Termination Value” shall mean, in respect of any one or more Hedging Obligations, after taking into account the
effect of any legally enforceable netting agreement relating to such Hedging Obligations, (a) for any date on or after the date such Hedging Obligations have been closed out and termination value(s) determined in accordance therewith, such
termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Hedging
Obligations, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Obligations (which may include any Lender or any Affiliate
of a Lender). 
 “Hedging Obligations” shall mean, with respect to any Person, any and all obligations of such
Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired under (a) any and all Hedging Transactions, (b) any and all cancellations, buy backs, reversals, terminations or assignments of any
Hedging Transactions and (c) any and all renewals, extensions and modifications of any Hedging Transactions and any and all substitutions for any Hedging Transactions. 

“Hedging Transaction” of any Person shall mean (a) any transaction (including an agreement with respect to any
such transaction) permitted under Section 9.11 now existing or hereafter entered into by such Person that is a rate swap transaction, swap option, basis swap, forward rate transaction, commodity swap, commodity option,
equity or equity index swap or 

  
 17 

 
option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction,
currency option, spot transaction, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back
transaction, securities lending transaction, or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether or not any such transaction is governed by or subject to any master
agreement and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives
Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or
liabilities under any Master Agreement; provided, that, the term “Hedging Transaction” shall not include (i) phantom stock, stock option plans or similar plans providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Borrower or its Subsidiaries or (ii) any option or warrant agreement for the purchase of Capital Stock of the Borrower. 

“Historical Financial Statements” shall mean (a) audited consolidated financial statements of Borrower for the
fiscal year ended December 31, 2018 and (b) unaudited consolidated financial statements of the Borrower for the fiscal year to date periods ended March 31, 2019, June 30, 2019 and September 30, 2019. 

“Indebtedness” shall mean, as to any Person at a particular time, without duplication, all of the following, whether
or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all indebtedness of such Person for borrowed money and all
indebtedness of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 
 (b) the maximum amount
(after giving effect to any prior drawings or reductions which may have been reimbursed) available under all letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and
similar instruments issued or created by or for the account of such Person; 
 (c) the Hedge Termination Value of all Hedging Obligations of
such Person; 
 (d) all obligations of such Person to pay the deferred purchase price of property or services, including earn-out obligations (other than (i) trade accounts payable in the ordinary course of business and (ii) to the extent such obligation is not due at any time prior to the date that is six months after the
latest Maturity Date, any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP); 

(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including
indebtedness arising under conditional sales or other title retention agreements and mortgage, industrial revenue bond, industrial development bond and similar financings), whether or not such indebtedness shall have been assumed by such Person or
is limited in recourse; 

  
 18 

 (f) all Attributable Indebtedness; 

(g) all obligations of such Person in respect of Disqualified Capital Stock; and 

(h) all Guarantee Obligations of such Person in respect of any of the foregoing, 

provided, that Indebtedness shall not include (i) prepaid or deferred revenue arising in the ordinary course of business, (ii) purchase price
holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy warranties or other unperformed obligations of the seller of such asset, (iii) endorsements of checks or drafts arising in
the ordinary course of business, and (iv) preferred Capital Stock to the extent not constituting Disqualified Capital Stock. 
 For all
purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a
joint venturer, except to the extent such Person’s liability for such Indebtedness is otherwise limited. The amount of any net Hedging Obligations on any date shall be deemed to be the Hedge Termination Value thereof as of such date. The amount
of Indebtedness of any Person for purposes of clause (e) above shall be deemed to be equal to the lesser of (x) the aggregate unpaid amount of such Indebtedness and (y) the fair market value of the property of such Person encumbered
thereby as determined by such Person in good faith. 
 “Initial Term Loan” shall have the meaning set
forth in Section 2.01(a)(x). 
 “Initial Term Loan Facility” shall have the
meaning set forth in the recitals to this Agreement. 
 “Initial Term Loan Commitment” shall mean, (a) in the
case of each Lender that is a Lender on the date hereof, the amount set forth opposite such Lender’s name on Schedule 1.01(a) as such Lender’s “Initial Term Loan Commitment” and (b) in the case of any Lender that
becomes a Lender after the date hereof, the amount specified as such Lender’s “Initial Term Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed all or a portion of the Initial Term Loan Commitment,
in each case as the same (x) shall be permanently reduced on the Closing Date upon the Initial Term Loan draw that such Lender funds and (y) may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Initial
Term Loan Commitments as of the date hereof is $30,000,000, as set forth on Schedule 1.01(a). 
 “Intellectual
Property” shall have the meaning set forth in the Security Agreement. 
 “Interest Period” shall mean,
with respect to any Eurodollar Loan, the interest period applicable thereto, as determined pursuant to Section 2.09. 

“Investment” shall mean, relative to any Person, (a) any loan, advance or extension of credit made by such Person
to any other Person, including the purchase by such first Person of any 

  
 19 

 
bonds, notes, debentures or other debt securities of any such other Person; (b) Contingent Liabilities in favor of any other Person; and (c) any Capital Stock held by such Person in any
other Person. The amount of any Investment at any time shall be the original principal or capital amount thereof less all returns of principal or equity thereon made on or before such time and shall, if made by the transfer or exchange of property
other than cash, be deemed to have been made in an original principal or capital amount equal to the fair market value of such property at the time of such Investment. 

“Investors” shall mean, individually or collectively, any investor named in the Investor Notes. 

“Investor Notes” shall mean, individually or collectively, the Additional Notes and the Existing Notes. 

“IP Rights” shall have the meaning set forth in Section 7.13. 

“IRS” shall mean the U.S. Internal Revenue Service. 

“Lender” shall have the meaning set forth in the preamble to this Agreement. 

“Letter of Direction” shall mean that certain executed letter of direction from Borrower addressed to
Administrative Agent, on behalf of itself and Lenders, directing the disbursement on the Closing Date of the proceeds of the Loans made on such date. 

“Lien” shall mean any mortgage, pledge, security interest, hypothecation, assignment for collateral purposes, lien
(statutory or other) or similar encumbrance, and any easement, right-of-way, license, restriction (including zoning restrictions), defect, exception or irregularity in
title or similar charge or encumbrance (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement or any lease in the nature thereof); provided, that in no event shall an operating lease
entered into in the ordinary course of business or any precautionary UCC filings made pursuant thereto by an applicable lessor or lessee, be deemed to be a Lien. 

“Liquidity” shall mean Qualified Cash of the Credit Parties, net of any checks written by the Credit Parties. 

“Loan” shall mean, individually, any Loan made by any Lender hereunder, and collectively, the Loans made by the
Lenders hereunder. “Loan” shall include the Initial Term Loan and each Delayed Draw Term Loan. 
 “Management
Forecast” shall mean that certain management forecast of Borrower provided to the Administrative Agent by Borrower on September 30, 2019. 

“Master Agreement” shall have the meaning set forth in the definition of the term “Hedging Transaction”.

 “Material Adverse Effect” shall mean a material adverse effect on (a) the business, assets, properties,
liabilities (actual or contingent), operations, financial condition or results of operations 

  
 20 

 
of the Borrower and its Subsidiaries, taken as a whole, (b) the validity or enforceability of this Agreement or any of the other Credit Documents, (c) the Secured Parties’ rights
or remedies hereunder or under any of the other Credit Documents, or (d) a material impairment of the ability of the Borrower and its Subsidiaries, taken as a whole, to perform their payment and other material obligations under the Credit
Documents to which they are parties. 
 “Material Contract” shall mean, as to any Person,
(i) each contract or agreement to which such Person or any of its Subsidiaries is a party involving aggregate annual consideration payable to or by such Person or such Subsidiary of $250,000 or more (other than customer contracts or
compensatory agreements with employees or other professional service providers), and (ii) all other contracts or agreements, the loss of which could reasonably be expected to result in a Material Adverse Effect. A reasonably detailed
description of each Material Contract is set forth on Schedule 1.01(c) to the Disclosure Letter as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with
Section 8.01(d). 
 “Material Hologic Judgment” shall have the meaning set forth in
Section 10.01(f). 
 “Maturity Date” shall mean December 30, 2022. 

“Minimum DDTL Borrowing Amount” shall mean $10,000,000. 

“Moody’s” shall mean Moody’s Investors Service, Inc. or any successor by merger or consolidation to its
business. 
 “Mortgage” shall mean a mortgage or a deed of trust, deed to secure debt, trust deed or other security
document entered into by any applicable Credit Party and the Administrative Agent for the benefit of the Secured Parties in respect of any Real Property owned by such Credit Party, in such form as agreed between such Credit Party and the
Administrative Agent, as amended, restated, supplemented or otherwise modified from time to time. 
 “Mortgaged
Property” shall mean each parcel of Real Property and improvements thereto with respect to which a Mortgage is granted pursuant to Section 8.11(d). 

“Multiemployer Plan” shall mean a “multiemployer plan” within the meaning of Section 3(37) of ERISA to
which any Credit Party, any Subsidiary of a Credit Party or any ERISA Affiliate makes, is making, is obligated, or within the last six (6) years has been obligated, to make contributions, or with respect to which any Credit Party or any
Subsidiary of a Credit Party has any liability, actual or contingent. 
 “Necessary Documents” shall have the
meaning set forth in Section 7.18. 
 “Net Proceeds” shall mean (a) in respect of a
Disposition or Casualty Event, cash proceeds as and when received by the Person making a Disposition, as well as insurance proceeds and condemnation and similar awards received on account of a Casualty Event, net of: (i) in the event of a
Disposition (v) the direct costs relating to such Disposition, (w) income and other similar Taxes actually paid, assessed or estimated by such Person (in good faith) to be payable in cash in connection with such proceeds, (x) sales,
use or other transaction Taxes actually paid, assessed or estimated by such Person (in good faith) to be payable in cash within the next twelve (12) months 

  
 21 

 
in connection with such proceeds provided, that if after the expiration of the twelve (12) month period, the amount of estimated or assessed Taxes, if any, exceeded the Taxes actually
paid in cash in respect of proceeds from such Disposition, the aggregate amount of such excess shall constitute Net Proceeds under Section 5.02 and, subject to Section 5.02(j), be promptly applied
to the prepayment of the Obligations in accordance with Section 5.02(g), (y) amounts required to be applied to pay principal, interest and prepayment premiums and penalties on Indebtedness (other than the Obligations)
secured by a Lien on the asset which is the subject of such Disposition and (z) with respect to a Disposition, any escrow or reserve for any indemnification payments (fixed or contingent) attributable to seller’s indemnities and
representations and warranties to purchaser in respect of the applicable Disposition undertaken by any Credit Party or other liabilities in connection with such Disposition (provided that upon release of any such escrow or reserve, the amount
released shall be considered Net Proceeds) and (ii) in the event of a Casualty Event, (x) all money actually applied to repair or reconstruct the damaged property affected thereby or otherwise reinvested in replacement property in
accordance with this Agreement, (y) all of the costs and expenses reasonably incurred in connection with the collection of such proceeds, award or other payments, and (z) any amounts retained by or paid to parties having superior rights to
such proceeds, awards or other payments and (b) in respect of any incurrence of Indebtedness, cash proceeds, net of underwriting discounts and out-of-pocket costs
and expenses paid or incurred in connection therewith in favor of any Person not an Affiliate of a Borrower. 
 “Net
Revenue” means, for any period, (a) Borrower’s gross revenues during such period, less (b)(i) trade, quantity and cash discounts allowed by Borrower, (ii) discounts, refunds, rebates, charge backs, retroactive price
adjustments and any other allowances which effectively reduce net selling price, (iii) product returns and allowances, (iv) allowances for shipping or other distribution expenses, (v) set-offs
and counterclaims, and (vi) any other similar and customary deductions used by Borrower in determining net revenues, all, in respect of (a) and (b), as determined in accordance with GAAP and in the ordinary course of business (and not, for
the avoidance of doubt, revenues from extraordinary, non-recurring or unusual events). 

“Non-Consenting Lender” shall have the meaning set forth in
Section 12.07(b). 
 “Non-Excluded Taxes” shall
have the meaning set forth in Section 5.04(a). 
 “Non-U.S.
Lender” shall have the meaning set forth in Section 5.04(b). 
 “Note” shall
mean, as the context may require, a DDTL Note or a Term Loan Note. 
 “Notice of Borrowing” shall have the meaning
set forth in Section 2.03(a). 
 “Notice of Conversion or Continuation” shall have the
meaning set forth in Section 2.06(a). 
 “Obligations” shall mean all Loans, advances,
debts, liabilities, obligations, covenants and duties owing by any Credit Party to any Lender, Agent, or any other Person required to be indemnified hereunder, that arise under any Credit Document, whether or not for the payment of money, whether
arising by reason of an extension of credit, loan, guaranty, indemnification or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising
and however acquired, including all fees, expenses and other amounts accruing during the pendency of any proceeding of the type described in Section 10.01(h), whether or not allowed in such proceeding. 

  
 22 

 “Organization Documents” shall mean, (a) with respect to any
corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited
liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other
applicable agreement of formation or organization and, if applicable, any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the
jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Other Connection Taxes” shall mean, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan, or sold or assigned an interest in any Loan). 

“Other Taxes” shall mean any and all present or future stamp, court, documentary, intangible recording, filing or
similar Taxes or any other excise or property Taxes, charges or similar levies (but excluding any Tax, charge or levy that constitutes an Excluded Tax) arising from any payment made hereunder or from the execution, delivery or enforcement of, from
the receipt or perfection of a security interest under, or otherwise with respect to, this Agreement, except for any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment at the request of
Borrower under Section 12.07). 
 “Participant” shall have the meaning set forth in
Section 12.06(c)(i). 
 “Participant Register” shall have the meaning set forth in
Section 12.06(c)(iii). 
 “Patriot Act” shall have the meaning set forth in
Section 12.20. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation established
pursuant to Section 4002 of ERISA, or any successor thereto. 
 “Pension Plan” shall mean any
single-employer plan, as defined in Section 4001(a)(15) of ERISA, and subject to Title IV of ERISA, Section 412 of the Code or Sections 302 or 303 of ERISA, that is or was within any of the preceding six plan years sponsored, maintained or
contributed to (or to which there is or was an obligation to contribute or to make payments) by any Credit Party, Subsidiary of a Credit Party or an ERISA Affiliate thereof, or respect of which any Credit Party, Subsidiary of a Credit Party or an
ERISA Affiliate thereof incurs or otherwise has any obligation or liability, contingent or otherwise. 

  
 23 

 “Perfection Certificate” shall mean, individually and collectively,
the certificates, substantially in the form of Exhibit P-1 or otherwise in form and substance reasonably satisfactory to the Administrative Agent, delivered by the Credit Parties to the Administrative
Agent. 
 “Permitted Acquisition” means any Acquisition by a Credit Party of (i) all or substantially all of
the assets of a target, which assets are located in the United States or (ii) 100% of the Capital Stock of a target organized under the laws of any State in the United States or the District of Columbia, in each case, to the extent that each of the
following conditions shall have been satisfied: 
 (a) the Credit Parties shall have notified the Administrative Agent and Lenders of such
proposed acquisition at least ten (10) days prior to the consummation thereof and furnished to the Administrative Agent and Lenders such other information and documents that the Administrative Agent may reasonably request; 

(b) the total cash consideration paid or payable for Permitted Acquisitions (including any payments in respect of earnouts permitted under
Section 9.01(m)) shall be funded solely with net proceeds from an issuance of Qualified Capital Stock; 
 (c) the Credit Parties and
its Subsidiaries (including any new Subsidiary) shall be in compliance with Section 8.11; 
 (d) such Acquisition
shall not be hostile and shall have been approved by the board of directors (or other similar body) and/or the stockholders or other equityholders of the target; 

(e) such Acquisition shall be in compliance with Section 9.12; 

(f) immediately prior to, and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing or would
result therefrom; and 
 (g) Borrower shall be in pro forma compliance with the Financial Performance Covenants in
Section 9.13. 
 “Permitted Liens” shall have the meaning set forth in
Section 9.02. 
 “Permitted Refinancing Indebtedness” shall mean Indebtedness issued or
incurred (including by means of the extension or renewal of existing Indebtedness) to refinance, refund, extend, renew or replace existing Indebtedness of any Credit Party or any of its Subsidiaries permitted hereunder (the “Refinanced
Indebtedness”); provided, that the original principal amount of such refinancing, refunding, extending, renewing or replacing Indebtedness does not exceed the principal amount of such Refinanced Indebtedness plus the amount of
any interest, premiums or penalties required to be paid thereon plus fees and expenses associated therewith. 

“Person” shall mean any individual, partnership, joint venture, firm, corporation, limited liability company,
association, trust or other enterprise or any Governmental Authority. 
 “PIK Increase Amount” shall mean 0.50%.

  
 24 

 “PIK Interest” shall have the meaning set forth in
Section 2.08(f). 
 “PIK Notice” shall have the meaning set forth in
Section 2.08(f). 
 “PIK Termination Date” shall mean the second anniversary of the
Closing Date. 
 “Plan” shall mean a Pension Plan or a Multiemployer Plan. 

“Prepayment Premium” shall mean, with respect to any prepayment of the Term Loans at any time, the amount equal to the
difference, if any, between (x) the principal amount of the prepayment amount described in clause (y)(i) herein multiplied by 1.30, minus (y) the sum of (i) the principal amount of the Term Loans being prepaid as of the date of
such prepayment, plus (ii) all interest payments and fees paid on such Term Loans in cash on or prior to the date of such prepayment (including, the Exit Fee, if applicable); provided that in no event shall the Prepayment Premium be less
than zero. 
 “Prime Rate” shall mean a variable per annum rate, as of any date of determination, equal to the rate
as of such date published in The Wall Street Journal as being the “Prime Rate” (or, if more than one rate is published as the Prime Rate, then the highest of such rates). The Prime Rate will change as of the date of publication in
The Wall Street Journal of a Prime Rate that is different from that published on the preceding Business Day. In the event that The Wall Street Journal shall, for any reason, fail or cease to publish the Prime Rate, the Administrative
Agent shall choose a reasonably comparable index or source to use as the basis for the Prime Rate. 
 “Products”
shall mean any item or any service that is researched or developed, designed, created, tested, investigated, packaged, labeled, distributed, manufactured, prepared, assembled, managed, performed, or otherwise used, offered, marketed, sold, or
handled by or on behalf of the Credit Parties or any of their Subsidiaries, whether marketed or in development. 

“Property” shall mean any interest in any kind of property or asset, whether real, personal or mixed, and whether
tangible or intangible. 
 “Pro Rata Share” shall mean (a) with respect to the Initial Term Loan Commitment of
any Lender at any time, a percentage, the numerator of which shall be the sum of such Lender’s unfunded Initial Term Loan Commitment, plus such Lender’s funded Initial Term Loans, and the denominator of which shall be the sum of the unused
Initial Term Loan Commitments of all Lenders, plus all funded Initial Term Loans of all Lenders or (b) with respect to the DDTL Commitment of any Lender at any time, a percentage, the numerator of be the sum of such Lender’s unfunded DDTL
Commitment, plus such Lender’s funded Delayed Draw Term Loan, and the denominator of which shall be the sum of the DDTL Commitment of all Lenders, plus all funded Delayed Draw Term Loan of all Lenders. 

“Qualified Capital Stock” shall mean any Capital Stock that is not Disqualified Capital Stock. 

“Qualified Cash” shall mean, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of
the Credit Parties that is in deposit accounts or in securities accounts, or any combination thereof, which deposit accounts and securities accounts are the subject of Control Agreements and are maintained by a branch office of the applicable bank
or securities intermediary located within the United States of America. 

  
 25 

 “Qualified IPO” shall mean an underwritten public offering of
Capital Stock of Borrower (or any parent thereof of which Borrower is a Subsidiary) in accordance with the Securities Act of 1933. 

“Real Property” shall mean, with respect to any Person, all right, title and interest of such Person (including,
without limitation, any leasehold estate) in and to a parcel of real property owned, leased or operated by such Person together with, in each case, all improvements and appurtenant fixtures, equipment, personal property, easements and other property
and rights incidental to the ownership, lease or operation thereof. 
 “Recall” shall mean a Removal or Correction.

 “Receivable” shall mean, with respect to each Credit Party, each (i) Account, (ii) Health-Care-Insurance
Receivable, (iii) credit card receivable, (iv) right to payment under any contract, Document, Instrument, promissory note, Chattel Paper, or electronic chattel paper, (v) Tax refund or right to receive any Tax refund, (vi) bond
or certificate owned or held by such Credit Party or held for the benefit of such Credit Party, (vi) right to payment for the sale, lease or license of any Inventory, Equipment or General Intangible, (vii) policy of insurance issued to or
for the benefit of such Credit Party and each right to payment and Proceeds of such insurance, (viii) right to payment in connection with each Investment Property, Deposit Account, book account, credit or reserve, and (ix) form of
obligation whatsoever owing to such Credit Party, together with all Instruments, Documents and Certificates of Title representing any of the foregoing, and all rights in any merchandise or Goods which any of the same may represent, all files and
Records with respect to any collateral or security given by such Credit Party to Administrative Agent in the foregoing, together with all rights, title, security, Supporting Obligations and guarantees with respect to the foregoing, including any
right of stoppage in transit, whether now owned or hereafter created or acquired by such Credit Party or in which such Credit Party now has or hereafter acquires any interest. 

“Recipient” means the Administrative Agent or any Lender, as applicable. 

“Refinanced Indebtedness” shall have the meaning set forth in the definition of “Permitted Refinancing
Indebtedness”. 
 “Register” shall have the meaning set forth in
Section 12.06(b)(iv). 
 “Regulatory Matters” shall mean, collectively, activities and
Products that are subject to Healthcare Laws. 
 “Regulatory Required Permit” means any and all licenses,
clearances, exemptions, approvals, registrations, listings, and permits issued by or filed with the FDA or any other applicable Governmental Authority, including, without limitation, any 510(k) premarket clearance, grant of a de novo request,
premarket approval application (“PMA”), or investigational device exemption (“IDE”), or the foreign equivalent to any of the foregoing necessary for the design, testing, manufacture, processing,
assembly, packaging, labeling, marketing, distribution, 

  
 26 

 
commercialization, import, export, or sale of any Product by any applicable Credit Party (or Credit Parties) and its (or their) Subsidiaries as such activities are being conducted by such Credit
Party (or Credit Parties) and its (or their) Subsidiaries with respect to such Product; and any device listings and device establishment registrations under 21 C.F.R. Part 807, and those licenses, registrations, and permits issued or required by
state governments for the conduct of the Credit Parties’ or any of their Subsidiaries’ business and activities. 

“Regulation D” shall mean Regulation D of the Board as from time to time in effect and any successor to all or a
portion thereof establishing reserve requirements. 
 “Regulation U” shall mean Regulation U of the Board as from
time to time in effect and any successor to all or a portion thereof establishing margin requirements. 
 “Regulation
X” shall mean Regulation X of the Board as from time to time in effect and any successor to all or a portion thereof establishing margin requirements. 

“Rejection Notice” shall have the meaning set forth in Section 5.02(k). 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the directors,
officers, employees, agents, trustees, advisors of such Person and any Person that possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of such Person, whether through the ability to exercise
voting power, by contract or otherwise. 
 “Release” shall mean a “release”, as such term has the meaning
set forth in CERCLA. 
 “Removal” means the physical removal of a product from its point of use to some other
location for repair, modification, adjustment, relabeling, destruction or inspection. 
 “Reportable Event” shall
mean an event described in Section 4043 of ERISA and the regulations thereunder (excluding any such event for which the notice requirement has been waived by the PBGC). 

“Required Lenders” shall mean, at any date, Lenders having or holding a majority of (a) unused Commitments of
Lenders plus (b) the aggregate outstanding principal amount of the Loans; provided that the Commitment of, and the portion of the outstanding principal amount of the Loans held or deemed held by, any Defaulting Lender shall be excluded
for purposes of making a determination of Required Lenders. 
 “Restricted Payment” shall mean, with respect to any
Person, (a) the declaration or payment of any dividend on, or the making of any payment or distribution on account of, or setting apart assets for a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other
acquisition of, any class of Capital Stock of such Person or any warrants or options to purchase any such Capital Stock, whether now or hereafter outstanding, or the making of any other distribution in respect thereof, either directly or indirectly,
whether in cash or property, (b) the payment or prepayment of principal of, or premium or interest or any other amount in respect of, any Indebtedness that is contractually subordinate to the Obligations, including any cash payment on the
Investor Notes, unless such payment is permitted under the terms of the subordination agreement applicable thereto, and (c) any payment in respect of earn-out obligations. 

  
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 “SEC” means the Securities and Exchange Commission. 

“S&P” shall mean Standard & Poor’s Ratings Services or any successor by merger or consolidation to
its business. 
 “Secured Parties” shall mean, collectively, (a) the Lenders, (b) the Administrative
Agent, (c) the beneficiaries of each indemnification obligation undertaken by any Credit Party under the Credit Documents and (d) any successors, endorsees, transferees and assigns of each of the foregoing. 

“Security Agreement” shall mean a Security Agreement, by and among each Credit Party and the Administrative Agent for
the benefit of the Secured Parties, in form and substance reasonably satisfactory to the Administrative Agent, as amended, restated, supplemented or otherwise modified from time to time. 

“Security Documents” shall mean, collectively, the Security Agreement, any Mortgage and each other security agreement
or other instrument or document executed and delivered pursuant to Section 8.11 or pursuant to any of the Security Documents to secure any of the Obligations. 

“Solvency Certificate” shall mean a solvency certificate dated as of the Closing Date, duly executed and delivered by
an Authorized Officer of the Borrower to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent. 

“Solvent” shall mean, with respect to any Person, at any date, that (a) the sum of such Person’s debt
(including Contingent Liabilities) does not exceed the present fair saleable value of such Person’s present assets, (b) such Person’s capital is not unreasonably small in relation to its business as contemplated on such date,
(c) such Person has not incurred and does not intend to incur debts including current obligations beyond its ability to pay such debts as they become due (whether at maturity or otherwise), and (d) such Person is “solvent” within
the meaning given that term and similar terms under Applicable Laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any Contingent Liability at any time shall be computed as the amount that, in light
of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under
Statement of Financial Accounting Standard No. 5). 
 “Statutory Reserve Rate” shall mean, for any day as
applied to any Eurodollar Loan, a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages that are in effect on that day
(including any marginal, special, emergency or supplemental reserves), expressed as a decimal, as prescribed by the Board and to which the Administrative Agent is subject, for Eurocurrency funding (currently referred to as “Eurocurrency
Liabilities” in Regulation D). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute Eurocurrency funding and to be subject to such

  
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reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation.
The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subordinated Indebtedness” shall mean Indebtedness incurred by Borrower subordinated to all of the Obligations
pursuant to a subordination, intercreditor or other similar agreement reasonably satisfactory to Administrative Agent. 

“Subordination Agreement” shall mean that certain Subordination Agreement dated as of even date herewith by and among
the Administrative Agent, the Credit Parties and the Investors, as the same may be amended, restated and/or modified from time to time in accordance with the terms thereof. 

“Subsidiary” of any Person shall mean and include (a) any corporation more than 50% of whose Voting Stock having
by the terms thereof power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any
contingency) is at the time owned by such Person directly or indirectly through Subsidiaries and (b) any partnership, association, joint venture or other entity in which such Person directly or indirectly through Subsidiaries has more than a
50% voting equity interest at the time. Unless otherwise expressly provided, all references herein to a “Subsidiary” shall mean a Subsidiary of a Credit Party. 

“Taxes” shall mean all income, stamp or other taxes, duties, levies, imposts, charges, assessments, fees, deductions
or withholdings, now or hereafter imposed, enacted, levied, collected, withheld or assessed by any Governmental Authority, and all interest, penalties, additions to tax or similar liabilities with respect thereto. 

“Term Loan” shall mean the Initial Term Loan or the Delayed Draw Term Loan and, collectively, means the Initial Term
Loan and the Delayed Draw Term Loan. 
 “Term Loan Facility Purposes” shall have the meaning set forth in the
recitals. 
 “Term Loan Note” shall mean a promissory note substantially in the form of Exhibit T-1. 
 “Test Period” shall mean, for any date of determination under this
Agreement, the four consecutive fiscal quarters of Borrower most recently ended as of such date of determination. 
 “Transaction
Documents” shall mean each of the documents executed and/or delivered in connection with the Transactions, including without limitation, the Credit Documents. 

“Transactions” shall mean collectively, the transactions contemplated by the Credit Documents. 

“Type” shall mean, as to any Loan, its nature as an ABR Loan or Eurodollar Loan. 

  
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 “UCC” shall mean the Uniform Commercial Code as from time to time in
effect in the State of New York. 
 “Unasserted Contingent Obligations” shall have the meaning given to such term in
the Security Agreement. 
 “Unfunded Current Liability” of any Pension Plan shall mean the amount, if any, by which
the present value of all accumulated benefit obligations under such Pension Plan as of the close of its most recent plan year, determined in accordance with FASB Accounting Standards Codification 715: Compensation—Retirement Benefits, as in
effect on the date hereof, exceeds the fair market value of the assets of such Pension Plan allocable to such accrued benefits. 

“Unused DDTL Commitment Fee” shall have the meaning set forth in Section 4.01(b). 

“U.S.” and “United States” shall mean the United States of America. 

“U.S. Person” shall mean a “United States person” within the meaning of Section 7701(a)(30) of the
Code. 
 “Valuation Firm” means a valuation firm mutually agreed by the Borrower and the Administrative Agent. In
the event the Borrower and the Administrative Agent are unable to agree on a Valuation Firm, each of the Borrower and the Administrative Agent will rank three (3) valuation firms in order of preference and provide its ranking to the American
Arbitration Association in New York, New York. The AAA shall appoint the highest ranking Valuation Firm based on the rankings provided by both the Borrower and the Administrative Agent. In the event that the highest-ranking Valuation Firm is
unavailable or unable, or declines, to serve as the Valuation Firm, the AAA will appoint the next-highest-ranking Valuation Firm, and so on until one is engaged. 

“Voting Stock” shall mean, with respect to any Person, shares of such Person’s Capital Stock having the right to
vote for the election of directors (or Persons acting in a comparable capacity) of such Person under ordinary circumstances. 

“Write-Down and Conversion Powers” shall mean, with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 SECTION 1.02 Other Interpretive
Provisions. With reference to this Agreement and each other Credit Document, unless otherwise specified herein or in such other Credit Document: 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b) The words “herein”, “hereto”, “hereof” and “hereunder” and words of similar import when used in
any Credit Document shall refer to such Credit Document as a whole and not to any particular provision thereof. 

  
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 (c) Article, Section, Exhibit and Schedule references are to the Credit Document in which
such reference appears. 
 (d) The term “including” is by way of example and not limitation. 

(e) The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial
statements and other writings, however evidenced, whether in physical or electronic form. 
 (f) In the computation of periods of time from
a specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and
including”. 
 (g) Section headings herein and in the other Credit Documents are included for convenience of reference only and shall
not affect the interpretation of this Agreement or any other Credit Document. 
 SECTION 1.03
Accounting Terms and Determination. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be
submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, applied in a manner consistent with that used in preparing the Historical Financial Statements, except as otherwise specifically prescribed herein, and except with
respect to unaudited financial statements (i) for non-compliance with FAS 123R and (ii) for the absence of footnotes and subject to year-end audit adjustments.
No change in the accounting principles used in the preparation of any financial statement hereafter adopted by the Borrower shall be given effect for purposes of measuring compliance with any provisions of Article IX unless the Borrower, the
Administrative Agent and the Required Lenders agree to modify such provisions to reflect such changes in GAAP and, unless such provisions are modified, all financial statements, Compliance Certificates and similar documents provided hereunder shall
be provided together with a reconciliation between the calculations and amounts set forth therein before and after giving effect to such change in GAAP. Notwithstanding any other provision contained herein, (x) all terms of an accounting or
financial nature used herein shall be construed, and all computations of amounts and ratios referred to in Article IX shall be made, without giving effect to any election under Accounting Standards Codification 825-10 or 470-20 (or any other
Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of any Credit Party or any Subsidiary of any Credit Party at “fair value” and (y) all obligations of any Person that are
or would have been treated as operating leases for purposes of GAAP prior to the issuance by the Financial Accounting Standards Board on February 25, 2016 of an Accounting Standards Update (the “ASU”) shall continue to
be accounted for as operating leases for purposes of all financial definitions, calculations and covenants for purposes of this Agreement (other than for purposes of the delivery of financial statements prepared in accordance with GAAP) whether or
not such operating lease obligations were in effect on such date), notwithstanding the fact that such obligations are required in accordance with the ASU (on a prospective or retroactive basis or otherwise) to be treated as capitalized lease
obligations in accordance with GAAP. A breach of any Financial Performance Covenant shall be deemed to have occurred as of the last day of the relevant specified measurement period, regardless of when the financial statements reflecting such breach
are delivered to the Administrative Agent. 

  
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 SECTION 1.04 Rounding. Any financial ratios
required to be maintained or complied with by the Borrower pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the
other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is
no nearest number). 
 SECTION 1.05 References to Agreements, Laws, etc. Unless otherwise
expressly provided herein, (a) references to Organization Documents, agreements (including the Credit Documents) and other Material Contracts shall be deemed to include all subsequent amendments, restatements, amendment and restatements,
extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, amendment and restatements, extensions, supplements and other modifications are permitted by any Credit Document; and
(b) references to any Applicable Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Applicable Law. 

SECTION 1.06 Times of Day. Unless otherwise specified, all references herein to times of day shall
be references to Eastern time (daylight or standard, as applicable). 
 SECTION 1.07 Timing of
Payment of Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described
in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day. 
 
SECTION 1.08 Corporate Terminology. Any reference to officers, shareholders, stock, shares, directors, boards of directors, corporate authority, articles of incorporation, bylaws or any other such references to matters relating to a
corporation made herein or in any other Credit Document with respect to a Person that is not a corporation shall mean and be references to the comparable terms used with respect to such Person. 

SECTION 1.09 UCC Definitions. When used in this Agreement, the following terms have the same
definitions as provided in Article 9 of the UCC, but for convenience in this Agreement the first letter of all such terms shall be capitalized : “Accession”,
“Account”, “Account Debtor”, “Authenticate” (and all derivations
thereof), “Certificate Of Title”, “Chattel Paper”, “Commercial Tort
Claim”, “Deposit Account”, “Document”,
“Equipment”, “General Intangible”, “Goods”,
“Health-Care-Insurance Receivable”, “Instrument”,
“Inventory”, “Investment Property”, “Letter-Of-Credit Right”, “Obligor”, “Proceeds”
(as specifically defined in Section 9-102(64) of the UCC), “Record”, “Secondary Obligor”,
“Secured Party”, “Software” and “Supporting
Obligation”. 
 ARTICLE II 

Amount and Terms of Credit Facilities 

SECTION 2.01 Loans. 

(a) Subject to and upon the terms and conditions herein set forth: 

(x) Each Lender having an Initial Term Loan Commitment, severally agrees to make a term loan (collectively, the “Initial Term
Loan”) to the Borrower on the Closing Date in the amount of the Initial Term Loan Commitment of such Lender. 

  
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 (y) Each Lender having a DDTL Commitment, severally agrees to make a term loan or loans
(collectively, the “Delayed Draw Term Loan”) to the Borrower on or before the DDTL Commitment Expiration Date in the aggregate amount of the DDTL Commitment of such Lender. 

(b) Each of the Term Loans made pursuant to Section 2.01(a) may, at the option of the Borrower, (i) be incurred and maintained as,
and/or converted into, ABR Loans or Eurodollar Loans; provided, that all such Term Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term Loans of the same
Type, and (ii) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid may not be reborrowed. 

(c) Each Lender, may at its option, make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make
such Eurodollar Loan; provided, that (i) any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan and (ii) in exercising such option, such Lender shall use its reasonable efforts to
minimize any increased costs to the Borrower resulting therefrom. 
 (d) Reductions in DDTL Commitments. Borrower may at any time
upon at least two (2) Business Days’ (or such shorter period as is acceptable to Administrative Agent) prior written notice by the Borrower to the Administrative Agent permanently reduce any DDTL Commitment; provided that such reductions
shall be in an amount greater than or equal to $1,000,000 or, if less, the remaining amount of such DDTL Commitment. Any such written notice to reduce any DDTL Commitment may indicate that such reduction is conditioned upon the consummation of a
refinancing of this Agreement or other specified transaction and may be revoked (no more than one (1) time) by the Borrower in the event such refinancing or other transaction is not consummated, and if so revoked, such reduction shall not take
effect. All reductions of a DDTL Commitment shall be allocated pro rata among all Lenders holding such DDTL Commitment. 
 (e) Delayed
Draw Term Loan Conditions: 
 (i) Delayed Draw Term Loan Conditions. No Lender with a DDTL Commitment shall be obligated to fund
any Delayed Draw Term Loan unless each of the following conditions have been satisfied or waived in accordance with this Agreement (in addition to all other conditions to the funding of Delayed Draw Term Loan set forth in this Agreement): 

 

	 	a.	 no Default or Event of Default shall have occurred or be continuing prior to and immediately after giving
effect to such Delayed Draw Term Loan; 

  
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	 	b.	 Administrative Agent shall have received a Notice of Borrowing in form and substance reasonably satisfactory to
the Administrative Agent; 

  

	 	c.	 Administrative Agent shall have received a pro forma balance sheet of Borrower and its Subsidiaries giving
effect to the Delayed Draw Term Loan; 

  

	 	d.	 Administrative Agent shall have received evidence, in form and substance satisfactory to the Administrative
Agent, that the Borrower has achieved a minimum of $30,000,000 in Net Revenues in the prior twelve-month period; and 

  

	 	e.	 each of the conditions set forth in Section 6.02 shall have been satisfied (it being
understood that all references to “the date of such Credit Extension” or similar language in Section 6.02 shall be deemed to refer to the date of funding of the Delayed Draw Term Loan). 

(ii) Terms. The Delayed Draw Term Loan shall have the same pricing and maturity as the Initial Term Loan. 

(iii) Required Amendments. The Loans and Commitments established pursuant to this Section 2.01(e) shall
constitute Term Loans and Commitments hereunder and shall be entitled to all the benefits afforded by, this Agreement and the other Credit Documents, and shall, without limiting the foregoing, benefit equally and ratably from the guarantees and
security interests created by the applicable Collateral Documents. The Credit Parties shall take any actions reasonably required by the Administrative Agent to ensure that the Liens and security interests granted by the applicable Collateral
Documents continue to be perfected under the UCC or otherwise after giving effect to the establishment of any such new Loans and Commitments to the extent provided in any Collateral Documents. Each of the parties hereto hereby agrees that the
Administrative Agent may, in consultation with the Borrower, take any and all action as may be reasonably necessary to ensure that all Delayed Draw Term Loans which are not separate tranches, when originally made, are included in each Borrowing of
outstanding Term Loans on a pro rata basis. This may be accomplished by requiring each outstanding Borrowing of Term Loans that are Eurodollar Loans to be converted into a Borrowing of Term Loans that are ABR Loans on the date of each such Delayed
Draw Term Loan, or by allocating a portion of each such Delayed Draw Term Loan to each outstanding Borrowing of Term Loans that are Eurodollar Loans on a pro rata basis. Any conversion of Eurodollar Loans to ABR Loans required by the preceding
sentence shall be subject to Section 2.11. 
 SECTION 2.02 Minimum Amount
of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of the Delayed Draw Term Loan shall not be less than the Minimum DDTL Borrowing Amount. More than one Borrowing may be incurred on any date;
provided, that at no time shall there be outstanding more than 2 Borrowings of Eurodollar Loans under this Agreement. 

  
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 SECTION 2.03 Notice of Borrowing. 

(a) The Borrower shall give the Administrative Agent prior written notice in the form of Exhibit N-1
(a “Notice of Borrowing”) (or telephonic notice promptly confirmed in writing) (i) prior to 1:00 p.m. (New York time) at least three Business Days’ prior to each Borrowing of Term Loans which are to be initially Eurodollar Loans
and (ii) prior to 12:00 noon (New York time) on the day prior to each Borrowing of Term Loans which are to be ABR Loans. Except as otherwise expressly provided in Section 2.10, each Notice of Borrowing shall be
irrevocable and shall specify (A) the aggregate principal amount of the Term Loans to be made, (B) the date of the Borrowing (which shall be, in the case of Term Loans, the Closing Date) and (C) whether the Term Loans shall consist of
ABR Loans and/or Eurodollar Loans and, if the Term Loans are to include Eurodollar Loans, the Interest Period to be initially applicable thereto. The Administrative Agent shall promptly give each Lender written notice (or telephonic notice promptly
confirmed in writing) of each proposed Borrowing of Term Loans, of such Lender’s Pro Rata Share thereof and of the other matters covered by the related Notice of Borrowing. 

(b) [Reserved]. 
 (c) Without in
any way limiting the obligation of the Borrower to confirm in writing any notice it may give hereunder by telephone, the Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice
believed by the Administrative Agent in good faith to be from an Authorized Officer of the Borrower. In each such case, the Borrower hereby waives the right to dispute the Administrative Agent’s record of the terms of any such telephonic
notice. 
 SECTION 2.04 Disbursement of Funds. 

(a) No later than (i) 2:00 p.m. (New York time), in the case of the Borrowing of the Delayed Draw Term Loan for which a Notice of Borrowing
has been timely delivered in accordance with Section 2.03 (other than for Borrowings on the Closing Date), each Lender will make available its Pro Rata Share, if any, of the Borrowing requested to be made on such date in
the manner provided below, and (ii) 5:00 p.m. (New York time), in the case of the making of the Initial Term Loan, if the conditions set forth in Article VI to the effectiveness of this Agreement are met prior to 4:00 p.m. (New York time) on
the Closing Date, each Lender will make available its Pro Rata Share of the Initial Term Loan in the manner provided below. 
 (b) Each
Lender shall make available all amounts it is to fund to the Borrower, under any Borrowing, in immediately available funds to the Administrative Agent, in an account designated by the Borrower to the Administrative Agent in writing, the aggregate of
the amounts so made available in Dollars. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the
Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such
assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the
Administrative Agent has made 

  
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available the same to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount
forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower and the Borrower shall promptly pay such corresponding amount to the Administrative Agent. The Administrative Agent shall
also be entitled to recover from such Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower, to
the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Federal Funds Rate or (ii) if paid by the Borrower, the then-applicable rate of interest, calculated
in accordance with Section 2.08, applicable to ABR Loans. If the Borrower and such Lender shall pay interest to the Administrative Agent for the same (or a portion of the same) period, the Administrative Agent shall
promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. 
 (c) Nothing in this
Section 2.04 shall be deemed to relieve any Lender from its obligation to fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender
hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder). 

SECTION 2.05 Payment of Loans; Evidence of Debt. 

(a) The Borrower agrees to pay to the Administrative Agent, for the benefit of the Lenders, on the last day of each calendar quarter
commencing on December 31, 2021, the principal amount of the Term Loans in an amount equal to 25% of the original principal amount of the Term Loans funded hereunder (the “Amortization Amount”); provided, that, to the
extent that any Amortization Extension Period Condition has been satisfied by the Borrower prior to December 31, 2021, no payments under this Section 2.05(a) shall be due prior to June 30, 2022 and the
Amortization Amount shall equal 50% of the original principal amount of the Term Loans funded hereunder. Each Amortization Amount shall be reduced as a result of (and after giving effect to) the application of prepayments in accordance with
Section 5.01 and 5.02. The entire remaining principal balance of the outstanding Term Loans shall be due and payable on the Maturity Date. 

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower to the
appropriate lending office of such Lender resulting from each Loan made by such lending office of such Lender from time to time, including the amounts of principal and interest payable and paid to such lending office of such Lender from time to time
under this Agreement. 
 (c) The Borrower agrees that from time to time on and after the Closing Date, upon the request to Administrative
Agent by any Lender, at Borrower’s own expense, the Borrower will execute and deliver to such Lender a Note, evidencing the Loans made by, and payable to such Lender or registered assigns in a maximum principal amount equal to such
Lender’s applicable Initial Term Loan Commitment or DDTL Commitment, as the case may be. The Administrative Agent shall maintain the Register pursuant to Section 12.06(b)(iv), and a subaccount for each Lender, in which
Register and subaccounts (taken together) shall be recorded 

  
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(i) the amount of each Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become
due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent from the Borrower and each Lender’s share thereof. 

(d) The entries made in the Register and accounts and subaccounts maintained pursuant to paragraphs (c) and (d) of this
Section 2.05 shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, that the failure of any Lender or
Administrative Agent to maintain such account, such Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by
such Lender in accordance with the terms of this Agreement. 
 SECTION 2.06 Conversions and
Continuations (a) The Borrower shall have the option on any Business Day to convert all or a portion equal to at least the Minimum Delayed Draw Term Loan, as applicable, of the outstanding principal amount of Term Loans of one Type into a
Borrowing or Borrowings of another Type and the Borrower shall have the option on any Business Day to continue the outstanding principal amount of any Eurodollar Loans as Eurodollar Loans for an additional Interest Period; provided, that
(i) no partial conversion of Eurodollar Loans shall reduce the outstanding principal amount of Eurodollar Loans made pursuant to a single Borrowing to less than the Minimum DDTL Borrowing Amount, (ii) ABR Loans may not be
converted into Eurodollar Loans if an Event of Default is in existence on the date of the proposed conversion and the Administrative Agent has, or the Required Lenders in respect of the Credit Facility that is the subject of such conversion have,
determined in its or their sole discretion not to permit such conversion, (iii) Eurodollar Loans may not be continued as Eurodollar Loans for an additional Interest Period in excess of one month if an Event of Default is in existence on the
date of the proposed continuation and the Administrative Agent has, or the Required Lenders in respect of the Credit Facility that is the subject of such conversion have, determined in its or their sole discretion not to permit such continuation and
(iv) Borrowings resulting from conversions pursuant to this Section 2.06 shall be limited in number as provided in Section 2.02. Each such conversion or continuation shall be effected by the
Borrower by giving the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) prior to 1:00 p.m. (New York time) at least three Business Days (or one Business Day in the case of a conversion into ABR Loans) (and in
either case on not more than five Business Days) prior to such proposed conversion or continuation, in the form of Exhibit N-2 (each, a “Notice of Conversion or Continuation”)
specifying the Loans to be so converted or continued, the Type of Loans to be converted or continued into and, if such Loans are to be converted into or continued as Eurodollar Loans, the Interest Period to be initially applicable thereto. The
Administrative Agent shall give each Lender notice as promptly as practicable of any such proposed conversion or continuation affecting any of its Loans. 

(b) If any Event of Default is in existence at the time of any proposed continuation of any Eurodollar Loans and the Administrative Agent has,
or the Required Lenders in respect of the Credit Facility that is subject of such continuation have, determined in its or their sole discretion not to permit such continuation, such Eurodollar Loans shall be automatically converted into a Borrowing
of ABR Loans effective as of the expiration date of such Interest Period. If, upon the expiration of any Interest Period in respect of Eurodollar Loans, the Borrower has failed to elect a new Interest Period to be applicable thereto as provided in
Section 2.06(a), Borrower shall be deemed to have elected to convert such Borrowing of Eurodollar Loans into a Borrowing of ABR Loans effective as of the expiration date of such current Interest Period. 

  
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 SECTION 2.07 Pro Rata Borrowings
Borrowing of the Initial Term Loan funded on the Closing Date under this Agreement shall be made by each Lender with an Initial Term Loan Commitment on the basis of its then-applicable Initial Term Loan Commitment. Each Borrowing of Delayed Draw
Term Loan under this Agreement shall be made by each Lender with a DDTL Commitment on the basis of its then-applicable DDTL Commitment. It is understood that no Lender shall be responsible for any default by any other Lender in its obligation to
make Loans hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder. 

SECTION 2.08 Interest (a) The unpaid principal amount of each ABR Loan shall bear interest from
the date of the Borrowing thereof until repayment or prepayment thereof at a rate per annum that shall at all times be the Applicable Margin plus the ABR in effect from time to time. 

(b) The unpaid principal amount of each Eurodollar Loan shall bear interest from the date of the Borrowing thereof until repayment or
prepayment thereof at a rate per annum that shall at all times be the Applicable Margin in effect from time to time plus the relevant Eurodollar Rate. 

(c) From and after the occurrence and during the continuance of any Event of Default, upon notice by the Administrative Agent or the Required
Lenders to the Borrower (or automatically while any Event of Default under Section 10.01(a) or Section 10.01(h) exists), the Borrower shall pay interest on the principal amount of all Loans and all
other due and unpaid Obligations, to the extent permitted by Applicable Law, at the rate described in Section 2.08(a) or Section 2.08(b), as applicable, plus two (2) percentage points per
annum (the “Default Rate”). All such interest at the Default Rate shall be payable on demand of the Administrative Agent or the Required Lenders and in cash. 

(d) Interest on each Loan shall accrue from and including the date of any Borrowing to but excluding the date of any repayment thereof and
shall be payable (i) in respect of each ABR Loan, quarterly in arrears on the last day of each March, June, September and December, beginning with the fiscal quarter ending March 31, 2020 (the “ABR Interest Payment
Date”), (ii) in respect of each Eurodollar Loan, quarterly in arrears on the last day of each March, June, September and December, commencing on March 31, 2020 (the “Eurodollar Interest Payment Date”), and
(iii) in respect of each Loan, on any prepayment (on the amount prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity, on demand. 

(e) [Reserved]. 
 (f) On each of
the ABR Interest Payment Date or Eurodollar Interest Payment Date, as applicable, Borrower shall pay all accrued and unpaid interest on the Term Loans by, at Borrower’s option (upon advanced written notice to Administrative Agent, in form and
substance as addressed below), either (x) paying all such accrued interest in cash or (y) until the PIK Termination Date, paying up to 50% of such accrued interest in kind by increasing the then

  
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aggregate outstanding principal amount of the applicable Term Loans by the amount of such accrued and unpaid interest (“PIK Interest”) and paying the remaining portion of
the accrued and unpaid interest in cash. In addition, to the extent Borrower elects to pay any portion of interest in the form of PIK Interest in accordance with clause (y) of the preceding sentence, the Applicable Margin shall be increased by
the PIK Increase Amount. The PIK Increase Amount shall be payable in kind as additional PIK Interest. On or prior to the first interest payment date after the Closing Date through and including the PIK Termination Date, the Borrower shall deliver a
written notice, which such notice may be in the form of electronic mail (the “PIK Notice”), to the Administrative Agent specifying whether the Borrower will elect to pay PIK Interest by increasing the then aggregate
outstanding principal amount of the Loans in accordance with clause (y) above. On each subsequent interest payment date, unless a new PIK Notice has been delivered to the Administrative Agent on or prior to such interest payment date, the
Borrower is deemed to have made the election set forth in the most recently delivered PIK Notice. All accrued, but unpaid Interest shall be payable in cash on the Maturity Date. 

(g) The Administrative Agent, upon determining the interest rate for any Borrowing of Eurodollar Loans, shall promptly notify the Borrower and
the relevant Lenders thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto. 

SECTION 2.09 Interest Periods At the time the Borrower gives a Notice of Borrowing or a Notice of
Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of Eurodollar Loans (in the case of the initial Interest Period applicable thereto) or prior to 1:00 p.m. (New York time) on the third
Business Day (and in any event, on not more than five Business Days’ notice) prior to the expiration of an Interest Period applicable to a Borrowing of Eurodollar Loans, the Borrower shall have, by giving the Administrative Agent written notice
(or telephonic notice promptly confirmed in writing) elected the Interest Period applicable to such Borrowing, which Interest Period shall, at the option of the Borrower, be a three (3) month period (subject to clause (a) below): 

(a) the initial Interest Period for any Borrowing of Eurodollar Loans shall commence on the date of such Borrowing (including the date of any
conversion from a Borrowing of ABR Loans) and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the immediately preceding Interest Period expires; provided, that, (i) the initial
Interest Period commencing on the Closing Date shall expire on March 31, 2020 and (ii) subject to clause (b) below, each Interest Period thereafter shall expire on the last day of each June, September, December and March, regardless
of the commencement date of such Interest Period; and 
 (b) if any Interest Period would otherwise expire on a day that is not a Business
Day, such Interest Period shall expire on the next succeeding Business Day; and 
 (c) the Borrower shall not be entitled to elect any
Interest Period in respect of any Eurodollar Loan if such Interest Period would extend beyond the applicable Maturity Date of such Loan. 

  
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 SECTION 2.10 Increased Costs, Illegality, etc
(a) In the event that (x) in the case of clause (i) below, the Administrative Agent or (y) in the case of clauses (ii) and (iii) below, any Lender, in each case, shall have reasonably determined (which determination shall, absent
clearly demonstrable error, be final and conclusive and binding upon all parties hereto): 
 (i) on any date for determining the Eurodollar
Rate for any Interest Period that (A) deposits in the principal amounts of the Loans comprising any Eurodollar Loan are not generally available in the relevant market or (B) by reason of any changes arising on or after the Closing Date
affecting the interbank Eurodollar market, adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of Eurodollar Rate; or 

(ii) at any time, after the later of the Closing Date and the date such entity became a Lender hereunder, that such Lender shall incur
increased costs or reductions in the amounts received or receivable hereunder with respect to any Eurodollar Loans (excluding all Taxes except any Other Connection Taxes that are not Connection Income Taxes) because of (A) any change since the
date hereof in any Applicable Law (or in the interpretation or administration thereof and including the introduction of any new Applicable Law), such as, for example, without limitation, a change in official reserve requirements (but excluding
changes in the rate of Tax on the overall net income of such Lender), and/or (B) other circumstances affecting the interbank Eurodollar market or the position of such Lender in such market; or 

(iii) at any time, that the making or continuance of any Eurodollar Loan has become unlawful by compliance by such Lender in good faith with
any Applicable Law (or would conflict with any such Applicable Law not having the force of law even though the failure to comply therewith would not be unlawful), or has become impracticable as a result of a contingency occurring after the date
hereof that materially and adversely affects the interbank Eurodollar market, 
 then, and in any such event, such Lender (or the Administrative Agent, in
the case of clause (i) above) shall promptly give notice (if by telephone, confirmed in writing) to the Borrower and the Administrative Agent of such determination (which notice the Administrative Agent shall promptly transmit to each of the
other Lenders). Thereafter (A) in the case of clause (i) above, Eurodollar Loans shall no longer be available until such time as the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such
notice by the Administrative Agent no longer exist (which notice the Administrative Agent agrees to give at such time when such circumstances no longer exist), and any Notice of Borrowing or Notice of Conversion or Continuation given by the Borrower
with respect to Eurodollar Loans that have not yet been incurred shall be deemed rescinded by the Borrower, (B) in the case of clause (ii) above, the Borrower shall, pay to such Lender, within 5 days after receipt of written demand
therefor, such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its reasonable discretion shall determine) as shall be required to compensate such Lender for such
increased costs or reductions in amounts receivable hereunder (it being agreed that a written notice as to the additional amounts owed to such Lender, showing in reasonable detail the basis for the calculation thereof, submitted to the Borrower by
such Lender shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto) and (C) in the case of clause (iii) above, the Borrower shall take one of the actions specified in
Section 2.10(b) as promptly as possible and, in any event, within the time period required by law. 

  
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 (b) At any time that any Eurodollar Loan is affected by the circumstances described in
(i) Section 2.10(a)(ii), the Borrower may either (A) if the affected Eurodollar Loan is then being made pursuant to a Borrowing, cancel said Borrowing by giving the Administrative Agent telephonic notice
(confirmed promptly in writing) thereof on the same date that the Borrower was notified by a Lender pursuant to Section 2.10(a)(ii) or (B) if the affected Eurodollar Loan is then outstanding, upon at least three
(3) Business Days’ notice to the Administrative Agent, require the affected Lender to convert each such Eurodollar Loan into an ABR Loan; provided, that if more than one Lender is so affected at any time, then all affected Lenders
must be treated in the same manner pursuant to this Section 2.10(b) or (ii) Section 2.10(a)(iii), (A) if the affected Eurodollar Loan is then being made pursuant to a Borrowing, such Borrowing shall
automatically be deemed cancelled and rescinded and (B) if the affected Eurodollar Loan is then outstanding, each such Eurodollar Loan shall automatically be converted into an ABR Loan; provided, that if more than one Lender is affected
at any time, then all affected Lenders must be treated in the same manner pursuant to this Section 2.10(b). 
 (c)
If, after the later of the date hereof, and that date such entity becomes a Lender hereunder, the adoption of any Applicable Law regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any
Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by a Lender or its parent with any request or directive made or adopted after such date regarding capital adequacy
(whether or not having the force of law) of any such authority, association, central bank or comparable agency, has the effect of reducing the rate of return on such Lender’s or its parent’s capital or assets as a consequence of such
Lender’s commitments or obligations hereunder to a level below that which such Lender or its parent could have achieved but for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s or its
parent’s policies with respect to capital adequacy), then within 5 days after written demand by such Lender (with a copy to the Administrative Agent), the Borrower shall pay to such Lender such additional amount or amounts as will compensate
such Lender or its parent for such reduction, it being understood and agreed, however, that a Lender shall not be entitled to such compensation as a result of such Lender’s compliance with, or pursuant to any request or directive to comply
with, any such Applicable Law as in effect on the date hereof. Each Lender (on its own behalf), upon determining in good faith that any additional amounts will be payable pursuant to this Section 2.10(c), will, as promptly
as practicable upon ascertaining knowledge thereof, give written notice thereof to the Borrower, which notice shall set forth in reasonable detail the basis of the calculation of such additional amounts. The failure to give any such notice, with
respect to a particular event, within the time frame specified in Section 2.13, shall not release or diminish any of the Borrower’s obligations to pay additional amounts pursuant to this
Section 2.10(c) for amounts accrued or incurred after the date of such notice with respect to such event. 
 (d)
Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel
III, shall in each case be deemed to be a change in Applicable Law, regardless of the date enacted, adopted or issued. 

  
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 (e) This Section 2.10 shall not apply to Taxes to the extent
duplicative of Section 5.04. 
 SECTION 2.11 Compensation If
(a) any payment of principal of a Eurodollar Loan is made by the Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Eurodollar Loan as a result of a payment or conversion pursuant to
Sections 2.05, 2.06, 2.10, 5.01, or 5.02, as a result of acceleration of the maturity of the Loans pursuant to Article X or for any other reason, (b) any Borrowing of Eurodollar Loans is not made as a
result of a withdrawn Notice of Borrowing (except with respect to a revocation as provided in Section 2.10 or by reason of a Lender being a Defaulting Lender), (c) any ABR Loan is not converted into a Eurodollar Loan as a
result of a withdrawn Notice of Conversion or Continuation, (d) any Eurodollar Loan is not continued as a Eurodollar Loan as a result of a withdrawn Notice of Conversion or Continuation or (e) any prepayment of principal of a Eurodollar
Loan is not made as a result of a withdrawn notice of prepayment pursuant to Sections 5.01 or 5.02, the Borrower shall, after receipt of a written request by such Lender (which request shall set forth in reasonable detail the basis for
requesting such amount), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that such Lender may reasonably incur as a result of such payment,
failure to convert, failure to continue, failure to prepay, reduction or failure to reduce, including any loss, cost or expense (excluding loss of anticipated profits) actually incurred by reason of the liquidation or reemployment of deposits or
other funds acquired by such Lender to fund or maintain such Eurodollar Loan. 
 SECTION 2.12
Change of Lending Office Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Sections 2.10(a)(ii), 2.10(a)(iii), 2.10(b) or 5.04 with respect to such Lender, it will, if
requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another lending office for any Loans affected by such event; provided, that such designation is made on such terms that
such Lender and its lending office suffer no economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to the operation of any such Section. Nothing in this
Section 2.12 shall affect or postpone any of the obligations of the Borrower or the rights of any Lender provided in Sections 2.10 or 5.04. 

SECTION 2.13 Notice of Certain Costs Notwithstanding anything in this Agreement to the contrary,
to the extent any notice required by Sections 2.10, 2.11 or 5.04 is given by any Lender more than one hundred twenty (120) days after such Lender has knowledge (or should have had knowledge) of the occurrence of the event
giving rise to the additional cost, reduction in amounts, loss, Tax or other additional amounts described in such Sections, such Lender shall not be entitled to compensation under Sections 2.10, 2.11, or 5.04, as the case may
be, for any such amounts incurred or accruing prior to the giving of such notice to the Borrower. 

SECTION 2.14 [Reserved]. 

  
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 SECTION 2.15 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law: 
 (i) Waivers and
Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 12.01. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the
account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 5.02(f) or Article X or otherwise, and including any amounts made available to the Administrative Agent by that
Defaulting Lender pursuant to Section 12.09), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender
to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by
this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in
order to satisfy such Defaulting Lender’s potential future funding with respect to Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction
obtained by any Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Event of Default exists, to the payment of any amounts owing to the
Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to that
Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such payment is a payment of the principal amount of any Loans in respect of which that Defaulting Lender has not fully funded its appropriate
share. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender shall be deemed paid to and redirected by that Defaulting Lender, and each Lender
irrevocably consents hereto. 
 (iii) Certain Fees. A Lender that is a Defaulting Lender shall not be entitled to receive any Unused
DDTL Commitment Fee, as applicable, for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting
Lender). 
 (iv) [Reserved]. 

(v) [Reserved]. 
 (b)
Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties
hereto, whereupon as of 

  
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the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other
Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Lenders to hold their respective Pro Rata Share of Loans, whereupon that Lender will cease to be a Defaulting Lender; provided that no
adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed
by the affected parties, no change hereunder from Defaulting Lender to a Lender that is not a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

 ARTICLE III 

[RESERVED] 
 
ARTICLE IV 
 Fees and Commitment Terminations 

SECTION 4.01 Fees. 

(a) The Borrower agrees to pay to the Administrative Agent, all the Fees set forth in the Fee Letter. 

(b) The Borrower agrees to pay to each Lender having a DDTL Commitment a commitment fee (the “Unused DDTL Commitment
Fee”) calculated at the per annum rate of 0.50% on the daily balance of the DDTL Commitment of such Lender during each fiscal quarter or portion thereof from the Closing Date to the DDTL Commitment Expiration Date. The Unused DDTL
Commitment Fee shall be payable quarterly in arrears on the last day of each March, June, September and December, beginning with the fiscal quarter ending March 31, 2020, and on the DDTL Commitment Expiration Date or any earlier date on which
the DDTL Commitments shall terminate. 
 (c) The Borrower shall pay to the Administrative Agent an exit fee (the “Exit
Fee”) based upon the Exit Fee Equity Value (determined in accordance with the next sentence) on the Exit Fee Payment Date, which Exit Fee shall be earned in full on the Closing Date and due and payable on the earliest to occur (such
earliest date, the “Exit Fee Payment Date”) of (A) the Maturity Date and (B) the date on which all the Obligations are repaid, prepaid or required to be repaid or prepaid in full in cash (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise). The Exit Fee shall be in an amount equal to (i) 4.00% of the principal amount of the Loans funded under this Agreement (plus all PIK Interest added thereon) if the Exit Fee Equity
Value on the Exit Fee Payment Date is less than or equal to $300,000,000, (ii) 7.00% of the principal amount of the Loans funded under this Agreement (plus all PIK Interest added thereon) if the Exit Fee Equity Value on the Exit Fee Payment Date is
greater than $300,000,000, but less than or equal to $400,000,000 or (iii) 10.00% of the principal amount of the Loans funded under this Agreement (plus all PIK Interest added thereon) if the Exit Fee Equity Value on the Exit Fee Payment Date is
greater than $400,000,000. 

  
 44 

 SECTION 4.02 Mandatory Termination of
Commitments. 
 (a) The Initial Term Loan Commitment shall terminate at 5:00 p.m. (New York time) on the Closing Date. 

(b) The DDTL Commitment shall terminate at 5:00 p.m. (New York time) on the DDTL Commitment Expiration Date. 

ARTICLE V 

Payments 
 
SECTION 5.01 Voluntary Prepayments. 
 (a) Subject to the terms and conditions set forth in this
Section 5.01, the Borrower shall have the right to prepay the Loans, in whole or in part, from time to time, subject to payment of accrued and unpaid interest on the principal amount being prepaid to the prepayment date,
plus the payment of the Prepayment Premium and the Exit Fee, as applicable. 
 (b) When making a voluntary prepayment, the Borrower shall
give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of (i) its intent to make such prepayment, (ii) the amount of such prepayment and (iii) in the case of Eurodollar Loans, the specific
Borrowing(s) pursuant to which such prepayment will be made, no later than (A) in the case of Eurodollar Loans, 1:00 p.m. (New York time) three (3) Business Days prior to, and (B) in the case of ABR Loans, 1:00 p.m. (New York time) on
the date of such prepayment, and such prepayment shall promptly be transmitted by the Administrative Agent to each of the relevant Lenders, as the case may be. Any such written prepayment notice may indicate that such prepayment is conditioned upon
the consummation of a refinancing of this Agreement or other specified transaction and may be revoked (no more than one (1) time) by the Borrower in the event such refinancing or other transaction is not consummated, and if so revoked, such
prepayment shall not be due and payable. 
 (c) Each voluntary partial prepayment of any Loans shall be in a multiple of $500,000 and in
aggregate principal amount of at least $100,000; provided, that no partial prepayment of Eurodollar Loans outstanding under a single Borrowing shall reduce the outstanding Eurodollar Loans outstanding under such Borrowing to an amount less
than $500,000. 
 (d) With respect to each prepayment of Term Loans pursuant to this Section 5.01, the Borrower
may designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made; provided, that the Borrower pays any amounts, if any, required to be paid pursuant to Section 2.11 with respect
to prepayments of Eurodollar Loans made on any date other than the last day of the applicable Interest Period. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the
above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11. Each such prepayment shall be accompanied by all accrued interest on the Loans
so prepaid, through the date of such prepayment. 

  
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 (e) Each prepayment in respect of any Term Loans pursuant to this
Section 5.01 shall be applied ratably to Term Loans and applied to the installments due thereunder as instructed by Borrower. 

SECTION 5.02 Mandatory Prepayments. 

(a) Promptly after the receipt by any Credit Party of any Net Proceeds from any Disposition pursuant to Sections 9.04(a) or
9.04(h), the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of the Net Proceeds from such Disposition, to be applied as set forth in Section 5.02(g); provided, that such Net
Proceeds shall not be required to be so applied (i) until the aggregate amount of Net Proceeds derived from all such Dispositions in any fiscal year is equal to or greater than $250,000 (and then only in excess of such amount) and (ii) if
the Borrower, at its option by notice in writing to the Administrative Agent, which such notice shall be received within thirty (30) days of the receipt of the Net Proceeds from such Disposition, within two hundred seventy (270) days after
such event, instead reinvests such Net Proceeds in assets to be used in the business of the Borrower or such Credit Party so long as no Event of Default shall have occurred and be continuing at such time, in each case as certified by the Borrower in
writing to the Administrative Agent. Nothing in this Section 5.02(a) shall be construed to permit or waive any Default or Event of Default arising from any Disposition not permitted under the terms of this Agreement. 

(b) Promptly after the receipt by any Credit Party of any Net Proceeds from any Casualty Event, the Borrower shall prepay the Loans in an
amount equal to one hundred percent (100%) of such Net Proceeds, to be applied as set forth in Section 5.02(g); provided, that such Net Proceeds shall not be required to be so applied (i) until the aggregate
amount of Net Proceeds derived from all such Casualty Events in any fiscal year is equal to or greater than $250,000 (and then only in excess of such amount) and (ii) so long as no Event of Default shall have occurred and be continuing, if
Borrower, at its option by notice in writing to the Administrative Agent, which such notice shall be received within thirty (30) days of the receipt of the Net Proceeds from such Casualty Event, applies such Net Proceeds to the rebuilding or
replacement of such damaged, destroyed or condemned assets or property, or otherwise reinvest such Net Proceeds in assets to be used in the business, so long as such Net Proceeds are in fact used to rebuild or replace the damaged, destroyed or
condemned assets or property, or otherwise so reinvested, within two hundred seventy (270) days following the receipt of such Net Proceeds, with the amount of Net Proceeds unused after such period to be applied as set forth in
Section 5.02(g). 
 (c) Concurrently with the incurrence of any Indebtedness by any Credit Party (other than
Indebtedness permitted under Section 9.01), the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such Net Proceeds, to be applied as set forth in Section 5.02(g).
Nothing in this Section 5.02(c) shall be construed to permit or waive any Default or Event of Default arising from any incurrence of Indebtedness not permitted under the terms of this Agreement. 

  
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 (d) Upon the receipt by any Credit Party or any of its Subsidiaries of any Extraordinary
Receipts (other than Extraordinary Receipts resulting from litigation matters disclosed on Schedule 5.02(d) to the Disclosure Letter), the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such Extraordinary
Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts (including, without limitation, any reasonable legal or other professional fees) and any income, sales, use or other transaction Taxes actually paid,
assessed or estimated by such Person (in good faith) to be payable in cash in connection with such proceeds, to be applied as set forth in Section 5.02(g); provided, that such Extraordinary Receipts shall not be
required to be so applied (i) until the aggregate amount of such Extraordinary Receipts in any fiscal year is equal to or greater than $250,000 (and then only in excess of such amount) and (ii) so long as no Event of Default shall have
occurred and be continuing, if Borrower, at its option by notice in writing to the Administrative Agent, which such notice shall be received within thirty (30) days of the receipt of the Extraordinary Receipts, applies such Extraordinary
Receipts in assets to be used in the business, so long as such Extraordinary Receipts are in fact so reinvested, within two hundred seventy (270) days following the receipt of such Extraordinary Receipts, with the amount of such Extraordinary
Receipts unused after such period to be applied as set forth in Section 5.02(g). 
 (e) Substantially concurrently
with any Change of Control, the Borrower shall prepay the Loans in full, to be applied as set forth in Section 5.02(g). 

(f) Immediately upon any acceleration of the Maturity Date of any Loans pursuant to Section 10.02, the Borrower
shall repay all the Loans and other Obligations, unless only a portion of all the Loans and other Obligations is so accelerated (in which case the portion so accelerated shall be so repaid). 

(g) Subject to Section 5.02(j), prepayments made pursuant to this Section 5.02 shall be
applied, first, to the prepayment of the outstanding principal amount of the Term Loans, together with any accrued and unpaid interest thereon, until such Term Loans are repaid in full and, second, to the prepayment of any other
outstanding Obligations. Each prepayment of the Loans under this Section 5.02 shall be accompanied by accrued interest to the date of such prepayment on the principal amount prepaid and the Prepayment Premium and Exit Fee,
as applicable. 
 (h) Subject to Section 5.02(g), each prepayment in respect of any Term Loans pursuant to this
Section 5.02 shall be applied ratably to Term Loans and pro rata to the installments due thereunder. 
 (i)
Application to Loans. With respect to each prepayment of Term Loans required by this Section 5.02, the Borrower may designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which
made; provided, that the Borrower pays any amounts, if any, required to be paid pursuant to Section 2.11 with respect to prepayments of Eurodollar Loans made on any date other than the last day of the applicable
Interest Period. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to
minimize breakage costs owing under Section 2.11. 

  
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 (j) Application of Collateral Proceeds and Payments. Notwithstanding anything to the
contrary in Section 5.01, this Section 5.02 or any other provision of any Credit Document, (x) all payments (including, without limitation, prepayments) in respect of the Obligations after
acceleration and (y) all proceeds of Collateral and other payments received by the Administrative Agent pursuant to the exercise of remedies against the Collateral, applied as set forth in this clause (j), as follows: 

(i) first, ratably to pay any fees then due to the Administrative Agent under the Credit Documents and any costs or expense
reimbursements of the Administrative Agent and any indemnities then due to the Administrative Agent under the Credit Documents, until paid in full, 

(ii) second, ratably, to pay any fees or premiums then due to any of the Lenders of any Term Loans until paid in full, 

(iii) third, ratably to pay any costs or expense reimbursements of Lenders of any Term Loans and indemnities then due to any of the
Lenders of any Term Loans until paid in full, 
 (iv) fourth, ratably to pay interest due in respect of the outstanding the Term
Loans until paid in full, 
 (v) fifth, ratably to pay the outstanding principal balance of the Term Loans (in the inverse order of
the maturity of the installments due thereunder) until the Term Loans are paid in full, 
 (vi) sixth, to pay any other Obligations
in respect of Term Loans, 
 (vii) seventh, to Borrower or such other Person entitled thereto under Applicable Law. 

(k) Notwithstanding the foregoing, each Lender may reject all or a portion of its Pro Rata Share of any mandatory prepayment (such declined
amounts, the “Declined Proceeds”) of any class of Term Loans required to be made pursuant to clauses (a), (b), or (c) of this Section 5.02 by providing written notice (each, a
“Rejection Notice”) to the Administrative Agent and the Borrower no later than 1:00 p.m. one (1) Business Day after the date of such Lender’s receipt of notice from the Administrative Agent regarding such prepayment
(subject to extension by Administrative Agent in its sole discretion). Each Rejection Notice from a Lender shall specify the principal amount of the mandatory prepayment of Term Loans to be rejected by such Lender. If a Lender fails to deliver a
Rejection Notice to Administrative Agent within the time frame specified above or such Rejection Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed an acceptance of the total amount of such
mandatory prepayment of such Term Loans. Any Declined Proceeds may be retained by the Borrower and shall be refunded to the Borrower if already paid by the Borrower to Administrative Agent. 

(l) Notwithstanding anything to the contrary in this Section 5.02, to the extent any mandatory prepayment requires
the distribution or other transfer of cash or property from an 

  
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Excluded Subsidiary and the Borrower has reasonably determined in good faith that such distribution or transfer (or the obligation to do so) would have a material adverse Tax cost consequence,
such cash or property may be retained by the applicable Subsidiary and the associated mandatory prepayment obligation will be reduced by such amount. 

SECTION 5.03 Payment of Obligations; Method and Place of Payment. 

(a) The obligations of the Borrower hereunder and under each other Credit Document are not subject to counterclaim, set-off, rights of rescission, or any other defense. Subject to Section 5.05, and except as otherwise specifically provided herein, all payments under this Agreement shall be made by the
Borrower, without set-off, rights of rescission, counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Secured Parties entitled thereto, as the case may be, not
later than 2:00 p.m. (New York time) on the date when due and shall be made in immediately available funds in Dollars to the Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was
actually received by the Administrative Agent prior to 2:00 p.m. (New York time), on such day) like funds relating to the payment of principal or interest or Fees ratably to the Secured Parties entitled thereto. 

(b) For purposes of computing interest or fees, any payments under this Agreement that are made later than 2:00 p.m. (New York time), shall be
deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and,
with respect to payments of principal, interest shall continue to accrue during such extension at the applicable rate in effect immediately prior to such extension. 

SECTION 5.04 Net Payments. 

(a) Subject to the following sentence, all payments made by or on behalf of the Borrower under this Agreement or any other Credit Document
shall be made free and clear of, and without deduction or withholding for or on account of, any current or future Taxes (including Other Taxes) other than as required by Applicable Laws, in which case, the applicable withholding agent shall be
entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law. If any taxes, levies, imposts, duties, charges, fees, deductions or
withholdings are required to be withheld from any amounts payable under this Agreement other than Excluded Taxes (“Non-Excluded Taxes”), the Borrower shall increase the amounts payable
to the Administrative Agent or such Lender to the extent necessary to yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes, including any such Non-Excluded Taxes payable in respect of additional amounts paid pursuant to this Section 5.04(a)) interest or any such other amounts payable hereunder at the rates or in the amounts
specified in this Agreement, net of any Excluded Taxes. Whenever any Non-Excluded Taxes are payable by the Borrower, as promptly as possible thereafter, the Borrower shall send to the Administrative Agent for
its own account or for the account of such Secured Party, as the case may be, a certified copy of an original official receipt (or other evidence acceptable to such Lender, acting reasonably) received by the Borrower showing payment thereof. If the
Borrower fails to pay any Non-Excluded Taxes when due to the 

  
 49 

 
appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, the Borrower shall indemnify the Administrative Agent and
the Lenders for any incremental Taxes, interest, costs or penalties that may become payable by the Administrative Agent or any Lender as a result of any such failure in accordance with Section 5.04(d). In addition, the
Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. The agreements in this Section 5.04(a) shall survive the termination of this Agreement and the payment of the
Loans and all other amounts payable hereunder. For purposes of this Section 5.04(a), the term “Applicable Law” includes FATCA. 

(b) Each Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or about the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), two copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding
Tax. 
 Each Lender that is not a U.S. Person (a “Non-U.S. Lender”) shall:

 (i) deliver to the Borrower and the Administrative Agent two copies of either (A) in the case of
Non-U.S. Lender claiming exemption from U.S. federal withholding Tax under Sections 871(h) or 881(c) of the Code with respect to payments of “portfolio interest,” United States IRS Form W-8BEN or IRS Form W-8BEN-E (together with a certificate representing that such Non-U.S. Lender
is not a bank for purposes of Section 881(c) of the Code, is not a 10-percent shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of the Borrower and is not a controlled foreign
corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code)), (B) Form W-8ECI, (C) IRS Form W-8BEN or IRS Form W-8BEN-E, claiming complete exemption from, or a reduced rate of, U.S. federal withholding Tax under an applicable Tax treaty, or (D) to the extent a Non-U.S. Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, IRS Form W-9, the certificate described in (A) above, if applicable, and/or other certification
documents from each beneficial owner, as applicable; provided that if the Non-U.S. Lender is a partnership and one or more direct or indirect partners of such Non-U.S.
Lender are claiming the portfolio interest exemption, such Non-U.S. Lender will provide the documents set forth in (A) above on behalf of each such direct and indirect partner, in each case properly
completed and duly executed by such Non-U.S. Lender claiming complete exemption from, or reduced rate of, U.S. federal withholding tax on payments by the Borrower under this Agreement; 

(ii) deliver to the Borrower and the Administrative Agent two further copies of any such form or certification (or any applicable successor
form) promptly upon the obsolescence or invalidity of any form previously delivered by such Non-U.S. Lender; and 

(iii) obtain such extensions of time for filing and complete such forms or certifications as may reasonably be requested by the Borrower or
the Administrative Agent, unless in any such case any change in treaty, law or regulation has occurred prior to the date on which any such delivery would otherwise be required that renders any such form inapplicable or would prevent such Lender from
duly completing and delivering any such form with respect to it and such Lender so advises the Borrower and the Administrative Agent, in which case such Lender 

  
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shall not be required to provide any form under subparagraphs (i) or (ii) above. Each Person that shall become a Participant pursuant to Section 12.06 or a Lender
pursuant to Section 12.06 shall, upon the effectiveness of the related transfer, be required to provide all the forms and statements required pursuant to this Section 5.04(b) or
Section 5.04(c), as applicable; provided, that in the case of a Participant such Participant shall furnish all such required forms and statements to the Lender from which the related participation shall have been
purchased. Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant to this paragraph that such
Non-U.S. Lender is not legally able to deliver. 
 (c) Each Lender that is entitled to an exemption
from or reduction of non-U.S. withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this
Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by Applicable Law or reasonably requested by the Borrower, such properly completed and executed documentation prescribed by Applicable
Law as will permit such payments to be made without withholding or at a reduced rate; provided, that such Lender is legally entitled to complete, execute and deliver such documentation and (except with respect to documentation set forth in
Section 5.04(b) or Section 5.04(e)) in such Lender’s reasonable judgment such completion, execution or submission would not materially prejudice the legal position of such Lender. 

(d) The Borrower shall indemnify the Administrative Agent and each Lender within 10 days after written demand therefor, for the full amount of
any Non-Excluded Taxes or Other Taxes paid by Administrative Agent or such Lender, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower hereunder (including Non-Excluded Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest, additions to Tax and reasonable expenses arising therefrom or with respect
thereto, whether or not such Non-Excluded Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability
delivered to the Borrower by a Lender or by the Administrative Agent on its own behalf or on behalf of a Lender shall be conclusive absent manifest error. 

(e) If a payment made to a Lender would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with
the applicable reporting requirements of FATCA (including those contained in Sections 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and
at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s
obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 5.04(e), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 
 (f) If any Lender or the Administrative Agent determines, in its sole discretion exercised in good faith, that it has received
a refund of a Tax for which an additional payment has 

  
 51 

 
been made by the Borrower pursuant to this Section 5.04 or Section 12.05 of this Agreement, then such Lender or the Administrative Agent, as
the case may be, shall reimburse the Borrower for such amount (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 5.04 or
Section 12.05 with respect to the Tax giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender
(including any Taxes imposed on the receipt of such refund) and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrower, upon the request of the
Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This paragraph shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information
relating to its taxes which it deems confidential) to the Borrower or any other Person. 
 (g) Each party’s obligations under this
Section 5.04 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Loans and Commitments and the repayment,
satisfaction or discharge of all obligations under any Credit Document. 
 SECTION 5.05
Computations of Interest and Fees. All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable
over a year comprised of (a) 365 (or 366 as appropriate) days in the case of ABR Loans and (b) 360 days in all other cases. Payments due on a day that is not a Business Day shall (except as otherwise required by
Section 2.09(c)) be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees in connection with that payment. 

ARTICLE VI 

Conditions Precedent 

SECTION 6.01 Conditions Precedent to Initial Credit Extension. The making of the initial Credit
Extension is subject to the satisfaction of the following conditions precedent on or before the Closing Date: 
 (a) Credit
Documents. The Administrative Agent shall have received the following documents, duly executed by an Authorized Officer of each Credit Party and each other relevant party: 

(i) this Agreement; 
 (ii) the
Fee Letter; 
 (iii) the Subordination Agreement; 

(iv) the Security Agreement; 

  
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 (v) each Note requested by any Lender; 

(vi) the Notice of Borrowing, reasonably satisfactory to the Administrative Agent; 

(vii) the Letter of Direction and flow of funds, reasonably satisfactory to the Administrative Agent; and 

(viii) each other Credit Document. 

(b) Collateral. To the extent required under the Security Documents, all Capital Stock of each Subsidiary of each Credit Party that is
not Excluded Collateral (as defined in the Security Agreement) shall have been pledged to the Administrative Agent. 
 (i) For all
Indebtedness owed to any of the Credit Parties in excess of $100,000 that is evidenced by one or more promissory notes, such promissory notes shall have been pledged pursuant to the Security Agreement, and the Administrative Agent shall have
received all such promissory notes, together with instruments of transfer with respect thereto endorsed in blank. 
 (ii) The
Administrative Agent shall have received the results of a search of the UCC filings (or equivalent filings), in addition to Tax Lien, judgment Lien, bankruptcy and litigation searches made with respect to each Credit Party, together with copies of
the financing statements and other filings (or similar documents) disclosed by such searches, and accompanied by evidence satisfactory to the Administrative Agent that the Liens indicated in any such financing statement and other filings (or similar
document) are Permitted Liens or have been released or will be released substantially simultaneously with the initial Credit Extensions hereunder. 

(iii) The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent, the appropriate UCC (or
equivalent) financing statements for filing in such office or offices as may be necessary or, in the opinion of Administrative Agent, desirable, to perfect the Administrative Agent’s Liens in and to the Collateral. 

(c) Legal Opinions. The Administrative Agent shall have received an executed legal opinion of Wilson Sonsini Goodrich &
Rosati, counsel to the Borrower and the other Credit Parties, which opinion shall be addressed to the Administrative Agent and the Lenders and shall be in form and substance reasonably satisfactory to the Administrative Agent. 

(d) Note Issuance. The Administrative Agent shall have received executed copies of the Additional Notes in an aggregate principal
amount equal to or greater than $10,000,000, which shall be reasonably satisfactory to the Administrative Agent and shall be subject to the Subordination Agreement. 

(e) Legal and Collateral Due Diligence. The Administrative Agent shall have completed its legal and collateral due diligence, including
a satisfactory review of regulatory due diligence and a satisfactory review of the terms of the Investor Notes. 

  
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 (f) Existing Notes. The Administrative Agent shall have received (i) executed
copies of the amendments to the Existing Notes, which shall be reasonably satisfactory to the Administrative Agent and (ii) the Subordination Agreement executed by each Investor. 

(g) Officer’s Certificates. The Administrative Agent shall have received a certificate for each Credit Party, dated
the Closing Date, duly executed and delivered by such Credit Party’s secretary or assistant secretary, other duly authorized officer, managing member or general partner, as applicable, as to: 

(i) resolutions of each such Person’s board of managers/directors (or other managing body, in the case of a Person that is not a
corporation) then in full force and effect expressly and specifically authorizing, to the extent relevant, all aspects of the Credit Documents and the other Transaction Documents applicable to such Person and the execution, delivery and performance
of each Credit Document and each other Transaction Document, in each case, to be executed by such Person; 
 (ii) the incumbency and
signatures of its Authorized Officers and any other of its officers, managing member or general partner, as applicable, authorized to act with respect to each Credit Document to be executed by such Person; 

(iii) each such Person’s Organization Documents, as amended, modified or supplemented as of Closing Date, with the certificate or
articles of incorporation or formation certified by the appropriate officer or official body of the jurisdiction of organization of such Person; 

(iv) (A) certificates of good standing with respect to each Credit Party, each dated within a recent date prior to the Closing Date, such
certificates to be issued by the appropriate officer or official body of the jurisdiction of organization of such Credit Party, which certificate shall indicate that such Credit Party is in good standing in such jurisdiction, and
(B) certificates of good standing with respect to each Credit Party, each dated within a recent date prior to the Closing Date, such certificates to be issued by the appropriate officer of the jurisdictions where such Credit Party is qualified
to do business as a foreign entity and conducts material business operations, which certificates shall indicate that such Credit Party is in good standing in such jurisdictions, which certificates shall provide that each Secured Party may
conclusively rely thereon until it shall have received a further certificate of a secretary or assistant secretary, other duly authorized officer, managing member or general partner, as applicable, of any such Person canceling or amending the prior
certificate of such Person as provided in Section 8.01(k). 
 (h) Other Documents and Certificates. The
Administrative Agent shall have received the following documents and certificates, each of which shall be dated the Closing Date and properly executed by an Authorized Officer of each applicable Credit Party, in form and substance reasonably
satisfactory to the Administrative Agent and its legal counsel: 
 (i) a certificate of an Authorized Officer of the Borrower, certifying
as to such items as reasonably requested by the Administrative Agent, including without limitation: 
 (A) the consummation of the
Transactions, all in accordance with Applicable Laws and the Transaction Documents; 

  
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 (B) the receipt of all required approvals and consents of all Governmental Authorities and
other third parties with respect to the consummation of the Transactions (if any) and the transactions contemplated by the Transaction Documents; and 

(C) the names of each of the officers and directors of each Credit Party as of the Closing Date. 

(ii) a Perfection Certificate of each Credit Party. 

(i) Solvency Certificate. The Administrative Agent shall have received a Solvency Certificate of an Authorized Officer of the Borrower
or the chief executive officer of the Borrower, on behalf of the Credit Parties, confirming the Solvency of the Credit Parties and their Subsidiaries, taken as a whole, after giving effect to the Transactions. 

(j) Financial Information. The Administrative Agent shall have received the following documents and reports (each in form and substance
reasonably satisfactory to the Administrative Agent): 
 (i) the Historical Financial Statements; 

(ii) the forecasted financial projections, including Liquidity calculations, of the Credit Parties for the fiscal years 2020-2022 as of the
Closing Date along with a pro forma balance sheet of the Borrower and its Subsidiaries giving effect to the Transactions; and 
 (iii) a
detailed sources and uses statement which reflects (A) the sources of all funds to be used by the Credit Parties to consummate the Transactions and to pay all transaction expenses incurred in connection therewith (including the fees, costs and
expenses due and payable pursuant to the Fee Letter, Sections 4.01 and 12.05) and (B) all uses of such funds, which sources and uses shall be attached as an exhibit to the Notice of Borrowing delivered pursuant to
Section 6.01(a). 
 (k) Insurance. The Administrative Agent shall have received a certificate of insurance,
together with the endorsements thereto, in each case, as to the insurance required by Section 8.03, in form and substance reasonably satisfactory to Administrative Agent. 

(l) Payment of Outstanding Indebtedness. (A) On the Closing Date, the Credit Parties and each of their respective Subsidiaries
shall have no outstanding Indebtedness other than the Loans hereunder, the Indebtedness (if any) listed on Schedule 7.24 to the Disclosure Letter, and any other Indebtedness permitted by Section 9.01, and the
Administrative Agent shall have received copies of all documentation and instruments evidencing the discharge of all Indebtedness paid off in connection with the Transactions on the Closing Date, including the Existing Term Credit Facility, and
(B) all Liens (other than Permitted Liens) securing payment of any such Indebtedness shall have been released and the Administrative Agent shall have received pay-off letters and all form UCC-3 termination statements and other instruments as may be reasonably requested by Administrative Agent in connection therewith. The terms, maturity and subordination of any indebtedness listed on Schedule
7.24 to the Disclosure Letter shall be satisfactory to the Administrative Agent. 

  
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 (m) Material Adverse Effect. There has been no Material Adverse Effect, since
December 31, 2018. 
 (n) Fees and Expenses. Each of the Administrative Agent and each Lender shall have received, for its own
respective account, (i) all fees and expenses due and payable to such Person under the Fee Letter, and (ii) the reasonable fees, costs and expenses due and payable to such Person pursuant to Sections 4.01 and 12.05 (including
the reasonable and documented fees, disbursements and other charges of counsel) for which invoices have been presented at least one (1) Business Day prior to the Closing Date. 

(o) Patriot Act Compliance. The Administrative Agent shall have received, at least 5 Business Days prior to the Closing Date, all
documentation and other information required by banking regulatory authorities under applicable “know your customer” and Anti-Money Laundering Laws, rules and regulations, and any required Patriot Act compliance, the results of which are
satisfactory to Administrative Agent in its sole discretion. 
 (p) No Adverse Actions. The Administrative Agent shall be reasonably
satisfied that there is no action or proceeding before any court or Governmental Authority, litigation or investigation, pending or threatened in writing against the Borrower or any other Credit Party, or any of their respective Subsidiaries that
would reasonably be expected to (w) prevent the consummation of any of the Transactions, (x) declare unlawful any of the Transactions, (y) cause any of the Transactions to be rescinded, or (z) result in damages owing by Ares in
connection with the consummation of the Transactions. 
 SECTION 6.02 Conditions Precedent to all
Credit Extensions. 
 (a) No Default; Representations and Warranties. The agreement of each Lender to make any Loan requested to
be made by it on any date is subject to the satisfaction of the condition precedent that at the time of each such Credit Extension and also after giving effect thereto, and in the case of the Credit Extensions on the Closing Date, both before
and after giving effect to the consummation of the Transactions: (i) no Default or Event of Default shall have occurred and be continuing, (ii) all representations and warranties made by each Credit Party contained herein or in the other
Credit Documents shall be true and correct in all material respects (except in the case of the initial Credit Extensions to occur on the Closing Date, in which case all representations and warranties made by each Credit Party contained herein or in
the other Credit Documents shall be true and correct in all respects), in each case, with the same effect as though such representations and warranties had been made on and as of the date of such Credit Extension (except where such representations
and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date); provided, that any representation or warranty
that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects on such respective dates, and (iii) no injunction, writ, restraining order, or other order of any
nature restricting or prohibiting, directly or indirectly, such Credit Extension shall have been issued and remain in force by any Governmental Authority against the Borrower, the Administrative Agent, any Lender. The acceptance of the benefits of
each Credit Extension shall constitute a representation and warranty by each Credit Party to each of the Lenders that all the applicable conditions specified above are satisfied as of that time. 

  
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 (b) Notice of Borrowing. Prior to the making of each Loan, the Administrative Agent
shall have received a Notice of Borrowing (whether in writing or by telephone) meeting the requirements of Section 2.03. 

ARTICLE VII 

Representations, Warranties and Agreements 

In order to induce the Lenders to enter into this Agreement, make the Loans as provided for herein, the Credit Parties make the following
representations and warranties as of the Closing Date and as of the date of making of each Loan thereafter, all of which shall survive the execution and delivery of this Agreement: 

SECTION 7.01 Corporate Status. Each Credit Party and each of their Subsidiaries (a) is a
duly organized or formed and validly existing corporation or other registered entity in good standing under the laws of the jurisdiction of its organization and has the corporate or other organizational power and authority to own its property and
assets and to transact the business in which it is engaged and (b) has duly qualified and is authorized to do business and is in good standing in all jurisdictions where it does business or owns assets, except where the failure to be so
qualified, authorized or in good standing could not reasonably be expected to result in a Material Adverse Effect. 
 
SECTION 7.02 Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and
has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered the Credit Documents and each
other Transaction Document to which it is a party and such Transaction Documents constitute the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency,
fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law). 

SECTION 7.03 No Violation. None of (a) the execution, delivery and performance by any Credit
Party of the Credit Documents to which it is a party and compliance with the terms and provisions thereof, (b) the consummation of the Transactions, or (c) the consummation of the other transactions contemplated hereby or thereby on the
relevant dates therefor will (i) contravene any applicable provision of any material Applicable Law of any Governmental Authority, (ii) result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a
default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of any Credit Party (other than Permitted Liens and Liens created under the Credit Documents) pursuant to,
(A) the terms of any material indenture, loan agreement, lease agreement, mortgage or deed of trust (for the avoidance of doubt, including, but not limited to, the Investor Notes), or (B) any other Material Contracts, in the case of either
clause (A) and (B) to which any Credit Party is a party or by which it or any of its property or assets is bound or (iii) violate any provision of the Organization Documents any Credit Party, except with respect to any conflict, breach or
contravention or default (but not the creation of Liens) referred to in clauses (ii)(A) or (ii)(B), to the extent that such conflict, breach, contravention or default could not reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 7.04 Litigation, Labor Controversies,
etc. There is no litigation, action, proceeding or labor controversy (including without limitation, strikes, lockouts or slowdowns) against the Credit Parties or any of their respective Subsidiaries that is pending or, to the knowledge of any
Credit Party, threatened in writing (a) except as disclosed in Schedule 7.04 to the Disclosure Letter and other matters (including those disclosed pursuant to Section 8.01(h)) that could not reasonably be
expected to have a Material Adverse Effect, or (b) which purports to affect the legality, validity or enforceability of any Credit Document, any Transaction Document or the Transactions. 

SECTION 7.05 Use of Proceeds; Regulations U and X. The proceeds of the Loans are intended to be
and shall be used solely for the purposes set forth in and permitted by Section 8.10. No Credit Party is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of
any Credit Extension will be used to purchase or carry margin stock or otherwise for a purpose which violates, or would be inconsistent with Regulation U or Regulation X. No Credit Party and no Subsidiary of any Credit Party owns any margin
stock. 
 SECTION 7.06 Approvals, Consents, etc. No authorization or approval or other action
by, and no notice to or filing with, any Governmental Authority or other Person, and no consent or approval under any contract or instrument (other than (a) those that have been duly obtained or made and which are in full force and effect, or
if not obtained or made, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect and (b) the filing of UCC financing statements and other equivalent filings for foreign jurisdictions) is required for
the consummation of the Transactions or the due execution, delivery or performance by any Credit Party of any Credit Document to which it is a party, or for the due execution, delivery or performance of the other Transaction Documents, in each case
by any of the parties thereto. There does not exist any judgment, order, injunction or other restraint issued or filed with respect to the transactions contemplated by the Transaction Documents, the consummation of the Transactions, the making of
any Credit Extension or the performance by the Credit Parties or any of their respective Subsidiaries of their Obligations under the Credit Documents. 

SECTION 7.07 Investment Company Act. No Credit Party is, or will be after giving effect to
the Transactions and the transactions contemplated under the Credit Documents, an “investment company” or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940. 

SECTION 7.08 Full Disclosure. 

(a) In connection with the execution of this Agreement and the Transactions, Credit Parties have disclosed to the Administrative Agent and the
Lenders all agreements, instruments and corporate or other restrictions to which any Credit Party or any of its Subsidiaries is subject, and all other matters known to them, that, individually or in the aggregate, could reasonably be expected to
have Material Adverse Effect. None of the factual information and data (taken as a whole) at any time furnished by any Credit Party, any of their respective Subsidiaries 

  
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or any of their respective authorized representatives in writing to the Administrative Agent or any Lender (including all information contained in the representations and warranties, reports,
exhibits or otherwise in the Credit Documents but excluding the Budget, Management Forecast, any pro forma financial information or projections, which are subject to the requirements of clause (b) below) for purposes of or in connection with
this Agreement or any of the Transactions contains any untrue statement of a material fact or omits to state any material fact necessary to make such information and data (taken as a whole) not materially misleading, in each case, at the time such
information was provided in light of the circumstances under which such information or data was furnished. 
 (b) The Budget, Management
Forecast, pro forma financial information, Liquidity calculations and projections provided pursuant to this Agreement were prepared in good faith based upon assumptions believed by the Credit Parties to be reasonable at the time made in light of
then current market conditions, it being recognized by the Administrative Agent and the Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such
projections may differ from the projected results and such differences may be material. 

SECTION 7.09 Financial Condition; No Material Adverse Effect. 

(a) The Historical Financial Statements present fairly in all material respects the financial position and results of operations of the Credit
Parties at the respective dates of such information and for the respective periods covered thereby, subject in the case of unaudited financial information, to changes resulting from normal year end audit adjustments and to the absence of footnotes.
The Historical Financial Statements and all of the balance sheets, all statements of income and of cash flow and all other financial information furnished pursuant to Section 8.01 have been and will for all periods
following the Closing Date be prepared in accordance with GAAP consistently applied, subject in the case of unaudited financial information, to changes resulting from normal year end audit adjustments and to the absence of footnotes. All of the
financial information furnished pursuant to Section 8.01 presents fairly in all material respects the financial position and results of operations of the Credit Parties at the respective dates of such information and for
the respective periods covered thereby, subject in the case of unaudited financial information, to changes resulting from normal year end audit adjustments and to the absence of footnotes. 

(b) As of the dates and for the periods covered by the financial statements most recently delivered pursuant to
Section 8.01, there are no material liabilities of any Credit Party of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, and there is no existing condition, situation or set
of circumstances which could reasonably be expected to result in any such liabilities, other than those liabilities provided for or disclosed in the most recently delivered financial statements pursuant to Section 8.01.

 (c) Since December 31, 2018, there has been no circumstance, event or occurrence, and no fact is known to the Credit Parties that
has resulted in or could reasonably be expected to result in a Material Adverse Effect. 

  
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 SECTION 7.10 Tax Returns and Payments. Each
Credit Party has filed all applicable federal and state income Tax returns and all other material Tax returns, domestic and foreign, required to be filed by them and has paid all material Taxes and assessments payable by them that have become due,
in each case, other than those not yet delinquent or being diligently contested in good faith by appropriate proceedings with respect to which such Credit Party has maintained adequate reserves in accordance with GAAP. Each Credit Party and its
Subsidiaries has paid, or has provided adequate reserves (in the good faith judgment of the management of the applicable Credit Party) in accordance with GAAP for the payment of, all applicable material federal, state and foreign income Taxes
applicable for all prior fiscal years and for the current fiscal year, other than those not yet delinquent or being diligently contested in good faith by appropriate proceedings with respect to which such Credit Party has maintained adequate
reserves in accordance with GAAP. No Tax Lien (other than Permitted Liens) has been filed, and, to the knowledge of any Credit Party, no material claim is being asserted in writing, with respect to any such Tax, fee, or other charge. 

SECTION 7.11 Compliance with ERISA. Except as could not, either individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect, each Pension Plan is in compliance with ERISA, the Code and any Applicable Law; no Reportable Event has occurred (or is reasonably likely to occur) with respect to any Pension Plan; each
Pension Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination or opinion letter from the IRS for all required amendments regarding its qualification thereunder that considers the law changes
incorporated in the plan sponsor’s most recently expired remedial amendment cycle determined under the provisions of Rev. Proc. 2007-44, and nothing has occurred subsequent to the issuance of such determination letter which would reasonably be
expected to prevent, or cause the loss of, such qualification. To the knowledge of the Credit Parties, no Multiemployer Plan is insolvent or in reorganization or in endangered or critical status within the meaning of Section 432 of the Code or
Section 4241 or 4245 of Title IV of ERISA (or is reasonably likely to be insolvent or in reorganization), and no written notice of any such insolvency or reorganization has been given to any of the Credit Parties, any of their respective
Subsidiaries or any ERISA Affiliate. Except as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (i) no Pension Plan is, or is reasonably expected to be, in “at risk” status
(as defined in Section 430 of the Code or Section 303 of ERISA); (ii) no Pension Plan has failed to satisfy the minimum funding standard of Section 412 of the Code or Section 302 of ERISA, including, without limitation, any
obligation to make any required installment under Section 430(j) of the Code (whether or not waived in accordance with Section 412(c) of the Code or Section 302(c) of ERISA), (or is reasonably likely to do so); (iii) no failure to
make any required contribution to a Multiemployer Plan when due has occurred; (iv) none of the Credit Parties, any of their respective Subsidiaries or any ERISA Affiliate has incurred (or is reasonably expected to incur) any liability to or on
account of a Plan pursuant to Section 409, 502(i), 502(l), 515, 4062, 4063, 4064, 4069, 4201 or 4204 of ERISA or Section 4971 or 4975 of the Code or has been notified in writing that it will incur any liability under any of the foregoing
Sections with respect to any Plan; (v) no proceedings have been instituted (or are reasonably likely to be instituted) to terminate or to reorganize any Plan or to appoint a trustee to administer any Plan, and no written notice of any such
proceedings has been given to any of the Credit Parties, any of their respective Subsidiaries or any ERISA Affiliate; and (vi) no Lien imposed under the Code or ERISA on the assets of any of the Credit Parties, any of their respective
Subsidiaries or any ERISA Affiliate exists (or is reasonably likely to exist) nor have the Credit Parties, any of their respective 

  
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Subsidiaries or any ERISA Affiliate been notified in writing that such a Lien will be imposed on the assets of any of the Credit Parties, any of their respective Subsidiaries or any ERISA
Affiliate on account of any Plan. No Pension Plan has an Unfunded Current Liability that exceeds $100,000. No employee welfare benefit plan within the meaning of §3(1) or §3(2)(B) of ERISA of any Credit Party or any of their respective
Subsidiaries, provides benefit coverage subsequent to termination of employment except for coverage required by Title I, Subtitle B, Part 6 of ERISA or applicable state insurance laws or the payment or reimbursement of premiums for such coverage. No
liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA has been, or is reasonably expected to be, incurred. With
respect to any Foreign Plan, except as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (a) all employer and employee contributions required by applicable law or by the terms of such
Foreign Plan have been made or, if applicable, accrued in accordance with normal accounting practices; (b) the accrued benefit obligations of each Foreign Plan (based on those assumptions used to fund such Foreign Plan) with respect to all
current and former participants do not exceed the assets of such Foreign Plan; (c) each Foreign Plan that is required to be registered has been registered and has been maintained in good standing and applicable regulatory authorities; and
(d) each Foreign Plan is in compliance in all material respects with applicable law and regulations and with the terms of such Foreign Plan. 

SECTION 7.12 Capitalization and Subsidiaries. Except as set forth on Schedule 7.12
to the Disclosure Letter as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 8.01(d), no Credit Party and no Subsidiary of any Credit Party (a) has any
Subsidiaries or (b) is engaged in any joint venture or partnership with any other Person. All of the issued and outstanding Capital Stock of each of the Credit Parties and their Subsidiaries is validly issued, fully paid and non-assessable, free and clear of all Liens except those created under the Credit Documents. All such securities were issued in compliance with all Applicable Laws concerning the issuance of securities. Except as
set forth in Schedule 7.12 to the Disclosure Letter, there are no pre-emptive or other outstanding rights to purchase, options, warrants or similar rights or agreements (other than stock options granted
to employees or other service providers) pursuant to which any Credit Party may be required to issue, sell, repurchase or redeem any of its Capital Stock or any Capital Stock of its Subsidiaries. 

SECTION 7.13 Intellectual Property; Licenses, etc. Each Credit Party and each of its
Subsidiaries owns, or possesses the right to use, all of the material trademarks, service marks, trade names, trade dress, domain names, social media accounts, copyrights, patents, patent rights, trade secrets,
know-how, inventions, ideas, methods, processes, techniques, and other confidential proprietary information, data and database rights, rights of privacy and publicity, franchises, licenses and other
intellectual property rights, together with any goodwill associated with the foregoing, whether registered or unregistered or otherwise protected, created, or arising under the laws of any jurisdiction in the world (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses. To each Credit Party’s knowledge, neither the use of such IP Rights, nor the operation of the respective businesses of any Credit Party or any of
their respective Subsidiaries, infringes upon any intellectual property rights held by any other Person. Except as specifically set forth on Schedule 7.13 to the Disclosure Letter, as of the Closing Date, no claim or litigation is pending or,
to the knowledge of such Credit Party threatened in writing, that alleges that any Credit Party has infringed, misappropriated or otherwise violated any intellectual property rights held by another Person that challenges any Credit Party’s
ownership of or right to use any of the IP Rights (as applicable), or that challenges the validity or enforceability of any of the IP Rights that are owned by a Credit Party. 

  
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 SECTION 7.14 Environmental.
(a) Except as would not reasonably be expected to result in a Material Adverse Effect: (i) the Credit Parties and each of their respective Subsidiaries are in compliance with all Environmental Laws in all jurisdictions in which the Credit
Parties or such Subsidiary, as the case may be, are currently doing business (including obtaining, maintaining in full force and effect, and complying with all permits required under Environmental Laws to operate the business of the Credit Parties
and their respective Subsidiaries as currently conducted); (ii) none of the Credit Parties or any of their respective Subsidiaries is subject to any Environmental Claim or any other liability under any Environmental Law that is pending or, to the
knowledge of such Credit Party, threatened in writing; (iii) to the knowledge of the Credit Parties, there are no conditions relating to the formerly owned Real Property that could reasonably be expected to give rise to any Environmental Claim
against any of the Credit Parties or any of their Subsidiaries and (iv) no Lien in favor of any Governmental Authority securing, in whole or in part, Environmental Claims has attached to any Real Property of any of the Credit Parties or any of
their Subsidiaries. 
 (a) None of the Credit Parties or any of their respective Subsidiaries has treated, stored, transported, Released or
disposed of Hazardous Materials at, from, on or under any currently or formerly owned Real Property, facility relating to its business, or, to the knowledge of any Credit Party, any other location, in each case, in a manner that could reasonably be
expected to constitute a material violation of any applicable Environmental Law or that could give rise to an Environmental Claim that could reasonably be expected to result in a Material Adverse Effect. 

(b) Each Credit Party has made available to the Administrative Agent copies of all existing material environmental assessment reports,
assessments, reviews, audits, correspondence and other documents and data that have a material bearing on actual or potential Environmental Claims or compliance with Environmental Laws, in each case to the extent such reports, assessments, reviews,
audits and documents and data are in their possession or reasonable control. 
 SECTION 7.15
Ownership of Properties. Set forth on Schedule 7.15 to the Disclosure Letter is a list of all of the Real Property owned or leased by any of the Credit Parties or their respective Subsidiaries as of the Closing Date and as of
the last date such Schedule was required to be updated in accordance with Section 8.01(d), indicating in each case whether the respective property is owned or leased, the identity of the owner or lessor and the location of
the respective property. Each Credit Party owns (a) in the case of owned Real Property, good, indefeasible and marketable fee simple title to such Real Property, (b) in the case of owned personal property, good and valid title to such
personal property, and (c) in the case of leased Real Property or personal property, valid, subsisting, insurable and enforceable (except as may be limited by bankruptcy, insolvency, moratorium, fraudulent conveyance or other laws applicable to
creditors’ rights generally and by generally applicable equitable principles, whether considered in an action at law or in equity) leasehold interests (as the case may be) in such leased property, in each case, free and clear in each case of
all Liens, except for Permitted Liens. 

  
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 SECTION 7.16 No Default. None of the
Credit Parties or any of their respective Subsidiaries is in default under or with respect to, or a party to, any Material Contract (copies of which have been received by the Administrative Agent) (other than any such Material Contract in respect of
Indebtedness) that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Upon the effectiveness of this Agreement and the other Credit Documents, none of the Credit Parties or any of their
respective Subsidiaries is in default under or with respect to any Material Contract in respect of Indebtedness the breach of which could reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would
reasonably be expected to result from the consummation of the transactions contemplated by this Agreement or any other Credit Document. 
 
SECTION 7.17 Solvency. On the Closing Date after giving effect to the Transactions, the Borrower and its Subsidiaries, on a consolidated basis, are Solvent. 

SECTION 7.18 Permits and Authorizations. Except as could not reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect, (a)(i) the Borrower holds, and is operating in compliance in all material respects with, all franchises, grants, Authorizations, licenses, permits, easements, consents,
certificates and orders of any Governmental Authority (collectively, “Necessary Documents”) required for the conduct of its business and (ii) all Necessary Documents are valid and in full force and effect and
(b) the Borrower has not (i) received written notice of any revocation, non-renewal, amendment, expiration, suspension, withdrawal or cancellation of any of the Necessary Documents and
(ii) 
reason to believe that any of the Necessary Documents will not be renewed in the ordinary course of business. 
 
SECTION 7.19 Compliance with Laws; Authorizations. Neither the Borrower nor any of its Subsidiaries (a) is, or has ever been, in violation of Applicable Laws, rules, regulations, executive orders, or codes that,
individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any
federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect,
(c) has received any warning letter or other correspondence or notice from the any Governmental Authority alleging or asserting noncompliance with any Applicable Laws or any Authorizations that could reasonably be expected to result in a
Material Adverse Effect; (d) has failed to comply with the Authorizations, which are valid and in full force and effect, except as could not reasonably be expected to result in a Material Adverse Effect; (e) has received written notice
that any Governmental Authority has taken, is taking or intends to take action to suspend, cancel, withdraw or revoke any Authorization and has no knowledge that any Governmental Authority is considering such action, in each case, except as could
not reasonably be expected to result in a Material Adverse Effect; (f) has failed to file, obtain, maintain or submit all reports, documents, forms, notices, applications, records, claims, submissions, permits, renewals, and supplements or
amendments as required by any Applicable Laws or Authorizations, except, in each case, as could not reasonably be expected to result in a Material Adverse Effect; or (g) has received any notice, and are aware, of any violation of applicable
antitrust laws, employment or landlord-tenant laws of any federal, state or local government or quasi-governmental body, agency, board or other authority with respect to the Borrower that could reasonably be expected to result in a Material Adverse
Effect. 

  
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 SECTION 7.20 Contractual or Other
Restrictions. Other than the Credit Documents and to the extent permitted by Section 9.10, no Credit Party or any of its Subsidiaries is a party to any agreement or arrangement or subject to any Applicable Law
that limits its ability to pay dividends to, or otherwise make Investments in or other payments to any Credit Party, that limits its ability to grant Liens in favor of the Administrative Agent or that otherwise limits its ability to perform the
terms of the Credit Documents. 
 SECTION 7.21 [Reserved]. 

SECTION 7.22 Collective Bargaining Agreements. Set forth on Schedule 7.22 to the
Disclosure Letter is a list and description (including dates of termination) of all collective bargaining or similar agreements between or applicable to any Credit Party or any of its Subsidiaries and any union, labor organization or other
bargaining agent in respect of the employees of any Credit Party or any of its Subsidiaries as of the date hereof or as of the last date such schedule was required to be updated in accordance with Section 8.01(d). 

SECTION 7.23 Insurance. The properties of each Credit Party are insured with financially sound
and reputable insurance companies which are not Affiliates of any Credit Party against loss and damage in such amounts, with such deductibles and covering such risks as are customarily carried by Persons of comparable size and of established
reputation engaged in the same or similar businesses and owning similar properties in the general locations where such Credit Party operates, in each case as described on Schedule 7.23 to the Disclosure Letter as in effect on the Closing
Date. All premiums with respect thereto that are due and payable have been duly paid and no Credit Party has received or is aware of any notice of violation or cancellation thereof and each Credit Party has complied in all material respects with the
requirements of such policy. 
 SECTION 7.24 Evidence of Other Indebtedness. Borrower has no
existing Indebtedness except the Indebtedness described on Schedule 7.24 to the Disclosure Letter and Indebtedness permitted by Section 9.01. 

SECTION 7.25 Deposit Accounts and Securities Accounts. Set forth in Schedule 7.25 to the
Disclosure Letter is a list of all of the deposit accounts and securities accounts of each Credit Party, including, with respect to each bank or securities intermediary at which such accounts are maintained by such Credit Party (a) the name and
location of such Person and (b) the account numbers of the deposit accounts or securities accounts maintained with such Person, in each case, as of the Closing Date and as of the last date such Schedule was required to be updated in accordance
with Section 8.01(d). 
 SECTION 7.26 Foreign Assets Control Regulations;
Anti-Money Laundering and Anti-Corruption Practices. Each Credit Party and each Subsidiary of each Credit Party is (x) in compliance in all material respects with all U.S. economic sanctions laws, executive orders and implementing
regulations (“Sanctions”) as promulgated by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), and (y) in compliance in all material respects with all applicable
anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Credit Party and no Subsidiary, nor to the knowledge of the Borrower, any Affiliate of a Credit Party (i) is
a Person designated by the U.S. government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a U.S. Person cannot deal with or otherwise engage in business transactions, (ii)

  
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is a Person who is otherwise the target of U.S. economic sanctions laws such that a U.S. Person cannot deal or otherwise engage in business transactions with such Person or (iii) is
controlled by (including without limitation, by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person or entity on the SDN List or a foreign government that is
the target of U.S. economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Credit Document would be prohibited under U.S. law. Each Credit Party and each Subsidiary of each Credit Party is in
compliance in all material respects with all applicable Anti-Corruption Laws. None of the Credit Parties or any Subsidiary thereof, nor to the knowledge of the Borrower, any director, officer, agent, employee, or other person acting on behalf of a
Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation of applicable Anti-Corruption Laws. Each Credit Party and each Subsidiary of a Credit Party has instituted and will continue to maintain
policies and procedures designed to promote compliance with Applicable Anti-Corruption laws. 

SECTION 7.27 Patriot Act. The Credit Parties, each of their Subsidiaries and each of their
controlled Affiliates are in compliance in all material respects with (a) the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B Chapter V, as amended) and
any other enabling legislation or executive order relating thereto, (b) the Patriot Act and (c) other federal or state laws relating to “know your customer” and Anti-Money Laundering Laws, rules and regulations. No part of
the proceeds of any Loan will be used directly or indirectly for any payments to any government official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in
order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977. 

SECTION 7.28 Status as Senior Debt; Subordinated Debt. 

(a) The Obligations constitute “Senior Debt” or any similar designation under and as defined in any agreement governing the Investor
Notes and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other
similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law). 

(b) As of the Closing Date, the Borrower has delivered to the Administrative Agent a complete and correct copy of the Investor Notes
(including all schedules, exhibits, amendments, supplements, modifications, assignments and all other documents delivered pursuant thereto or in connection therewith). All Obligations constitute Indebtedness entitled to the benefits of the
subordination provisions contained in the Investor Notes and the Subordination Agreement. 

SECTION 7.29 Flood Insurance. Borrower and its Subsidiaries maintain, if available, fully
paid flood hazard insurance on all Real Property that is located in a special flood hazard area and that constitutes Collateral, on such terms and in such amounts as required by Flood Insurance Laws or as otherwise reasonably required by the
Administrative Agent. 

  
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 SECTION 7.30 Location of Collateral; Equipment
List. Schedule 7.30 to the Disclosure Letter lists, as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 8.01(d): 

(a) all places at which Records relating to the Collateral, including, but not limited to, all Documents and Instruments relating to
Receivables, are maintained by Borrower or by any other Person; and 
 (b) except for Inventory in transit or temporarily placed with
vendors, all places where Credit Parties maintain, or will maintain, Collateral, and whether the premises are owned or leased by Credit Parties or whether the premises are the premises of a warehouseman, bailee or other third party, and if owned by
a third party, the name and address of such third party. 
 SECTION 7.31 Regulatory Matters.

 (a) Schedule 7.31 to the Disclosure Letter sets forth, as of the Closing Date, a complete and correct list of all material
Regulatory Required Permits held by each Credit Party and its Subsidiaries. Such listed material Regulatory Required Permits are the only material Regulatory Required Permits that are required for the Credit Parties and their Subsidiaries to conduct
their respective businesses as presently conducted. Each Credit Party and its Subsidiaries has, and it and its Products are in conformance in all material respects with, all Regulatory Required Permits required to conduct its respective businesses
as now conducted. To the knowledge of each Credit Party and its Subsidiaries, neither the FDA nor other Governmental Authority has provided notice of or is considering limiting, suspending, revoking or terminating such Regulatory Required Permits or
changing the regulatory status or marketing classification or labeling or other material parameter affecting the Products of the Credit Parties or any of their respective Subsidiaries. The Credit Parties and their respective Subsidiaries have
fulfilled and performed, in all material respects, their obligations under each material Regulatory Required Permit, and, to the knowledge of each Credit Party and its Subsidiaries, no event has occurred or condition or state of facts exists which
would constitute a breach or default, or would cause revocation, limitation, suspension, or termination of any such Regulatory Required Permit. To the knowledge of each Credit Party and its Subsidiaries, any third party that is a manufacturer or
contractor for the Credit Parties or any of their respective Subsidiaries is in compliance with all material Regulatory Required Permits insofar as they reasonably pertain to the Products of the Credit Parties and their respective Subsidiaries. 

(b) All Products that are subject to Healthcare Laws, to the knowledge of each Credit Party and its Subsidiaries, have been and are being
researched, designed, developed, tested, investigated, manufactured, prepared, assembled, packaged, tested, labeled, distributed, sold and marketed in compliance in all material respects with applicable Healthcare Laws or any other Applicable Law,
including, without limitation, the Applicable Laws related to clinical and non-clinical testing, product approval or clearance, current good manufacturing practices, labeling, advertising and promotion,
record-keeping, establishment registration and listing, and medical device and other post-market reporting, and all other importation and distribution requirements. 

(c) With respect to any Product, the Borrower and its respective Subsidiaries have received all Regulatory Required Permits required in
connection with the design, testing, 

  
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manufacture, processing, assembly, packaging, labeling, marketing, distribution, commercialization, import, export, or sale of such Product as currently being conducted by or on behalf of such
Borrower or Subsidiaries. Borrower has not been restrained in its ability to manufacture, process, distribute, supply, import, export, market, or sell any of its Products, except where such restraint could not reasonably be expected to result in a
Material Adverse Effect. 
 (d) None of the Products have been subject to a Recall, nor is any such action currently under consideration by
the Borrower or, to the knowledge of the Borrower, any manufacturer or supplier of a Product. 
 (e) No Credit Party nor its Subsidiaries is
subject to any investigation or inspection by or on behalf of a Governmental Authority, warning letter, notice of violation letter, untitled letter, consent decree, request for information or any other enforcement-related notice or communication,
response, or commitment made to or with a Governmental Authority, and, to the knowledge of each Credit Party and its Subsidiaries, no such obligation has been threatened in writing. There is no, and there is no act, omission, event, or circumstance
of which any Credit Party or any of its Subsidiaries has knowledge that would reasonably be expected to give rise to or lead to, any civil, criminal or administrative action, suit, demand, claim, complaint, hearing, investigation, demand letter,
warning letter, FDA Form 483, penalty, fine, reprimand, sanction, data integrity review, or enforcement proceeding against any Credit Party or its Subsidiaries, and, to each Credit Party’s and its Subsidiary’s knowledge, no Credit Party
nor its Subsidiaries has any liability (whether actual or contingent) for failure to comply in any material respect with any Healthcare Laws. There has not been any violation of any Healthcare Laws by any Credit Party or its Subsidiaries in its
Product research or development efforts, testing submissions, record keeping, importation, and reports to the FDA or any other Governmental Authority that could reasonably be expected to require or lead to investigation, corrective action or
enforcement, regulatory or administrative action. To the knowledge of each Credit Party and each of their respective Subsidiaries, there are no civil or criminal proceedings relating to any Credit Party or any of its Subsidiaries or any officer,
director or employee of any Credit Party or Subsidiary of any Credit Party that involve an alleged violation of any Public Health Law. 

(f) As of the Closing Date, no Credit Party nor its Subsidiaries is undergoing any inspection related to Regulatory Matters, or any other
Governmental Authority investigation, except as set forth on Schedule 7.31 to the Disclosure Letter. 
 (g) During the period of five
calendar years immediately preceding the Closing Date, no Credit Party nor any Subsidiary of any Credit Party has introduced into commercial distribution any Products that were upon their shipment by any Credit Party or any of its Subsidiaries
adulterated or misbranded in violation of the Federal Food, Drug, and Cosmetic Act. No Product has been seized, detained, or subject to a suspension, FDA safety communication or other adverse Governmental Authority notice, and there are no facts or
circumstances reasonably likely to cause any such Product seizure, detention, suspension, safety communication, or notice. 
 (h) No Credit
Party nor any Subsidiary of any Credit Party nor any of their respective officers, directors or employees or, to the knowledge of each Credit Party and its Subsidiaries, agents or contractors (i) have been excluded or debarred from any federal
healthcare program (including without limitation Medicare or Medicaid) or any other federal program or (ii) 

  
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have been debarred or disqualified by the FDA or any other Governmental Authority or received notice from the FDA or any other Governmental Authority with respect to debarment or disqualification
proceeding or investigation. No Credit Party nor any Subsidiary of any Credit Party nor any of their respective officers, directors or employees or, to the knowledge of each Credit Party and its Subsidiaries, agents or contractors have been
convicted of any crime or engaged in any conduct for which (x) debarment is mandated or permitted by 21 U.S.C. § 335a or (y) such Person could be excluded or otherwise deemed ineligible from participating in the federal health
care programs under Section 1128 of the Social Security Act or any similar law. 
 (i) No Credit Party nor any Subsidiary of any Credit
Party nor any of their respective officers, directors or employees or, to the knowledge of each Credit Party and its Subsidiaries, agents or contractors, has (A) made any untrue statement of material fact, fraudulent statement, or material
omission to the FDA or any other Governmental Authority or in any documents or records required to be maintained under the Applicable Laws; (B) failed to disclose a material fact required to be disclosed to the FDA or any other Governmental
Authority; or (C) committed an act, made a statement, or failed to make a statement that would reasonably be expected to provide the basis for the FDA or any other Governmental Authority to invoke its policy respecting “Fraud, Untrue
Statements of Material Facts, Bribery, and Illegal Gratuities,” as set forth in 56 Fed. Reg. 46191 (September 10, 1991); or (D) been investigated by FDA or any other Governmental Authority, including but not limited to the Office of the
Inspector General for the Department of Health and Human Services, or the Department of Justice, for data or healthcare program fraud. Neither Credit Party or any of its subsidiaries, nor any of their respective officers, directors, employees, or,
to their knowledge, contractors, have made or offered any payment, gratuity, or other thing of value that is prohibited by any Applicable Law to personnel of the FDA or any other Governmental Authority. 

(j) There are no civil, criminal, or administrative actions, suits, demands, claims, hearings, notices of violation, investigations,
proceedings, demand letters, or other communications relating to any alleged hazard or alleged defect in design, manufacture, materials, or workmanship, including, without limitation, any failure to warn or alleged breach of express or implied
warranty or representation, relating to any Product provided by the Credit Party or its Subsidiaries, or alleging that any Products are otherwise unsafe or ineffective for their intended use, that are presently pending or threatened in writing. 

(k) The Credit Party and its Subsidiaries have timely filed all reports, documents, applications, notices, Authorizations, and copies of any
contracts required by any Applicable Laws to be filed or furnished to any Governmental Authority, including, without limitation, the FDA and state agencies. Such reports, documents, applications, notices, Authorizations, and copies of any contracts
were complete and correct in all material respects on the date filed (or were corrected in or supplemented by a subsequent filing such that no liability exists in respect to the Credit Party or its Subsidiaries with respect to such filings or lack
thereof). 

  
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 ARTICLE VIII 

Affirmative Covenants 

The Credit Parties hereby covenant and agree that on the Closing Date and thereafter, until the Commitments have been terminated and the Loans
and all other Obligations incurred hereunder (other than Unasserted Contingent Obligations) are paid in full in accordance with the terms of this Agreement: 

SECTION 8.01 Financial Information, Reports, Notices and Information. The Credit Parties
will furnish the Administrative Agent for further distribution to each Lender copies of the following financial statements, reports, notices and information: 

(a) Monthly Financial Statements. Prior to a Qualified IPO, as soon as available and in any event within thirty (30) days after
the end of each month, (i) (x) unaudited consolidated balance sheets of the Borrower and its Subsidiaries as of the end of such month, and (y) unaudited consolidated statements of income and cash flow of the Borrower and its Subsidiaries
as of the end of such month and for the portion of the fiscal year then ended, in each case, including in comparative form (both in Dollar and percentage terms) the figures for the corresponding month in the preceding fiscal year of Borrower, and year-to-date portion of, the immediately preceding fiscal year of Borrower, and when such Budget has been delivered pursuant to Section 8.01(f), a
comparison (both in Dollar and percentage terms) to projections for such month in the then-current Budget, (ii) a monthly Liquidity report based upon (and including) Borrower’s account statements, together with a certification from an
Authorized Officer of Borrower, that Borrower has met its minimum Liquidity requirement set forth in Section 9.13(b) in a form reasonably acceptable to Administrative Agent, (iii) a monthly sales report detailing
(w) the number of Products sold in such month, (x) Net Revenues for Products sold in such month, (y) the number of generators sold in such month and (z) Net Revenues for generators sold in such month. 

(b) Quarterly Financial Statements. As soon as available and in any event within forty-five (45) days after the end of each fiscal
quarter of Borrower, (i)(A) unaudited consolidated balance sheets of the Borrower and its Subsidiaries as of the end of such fiscal quarter, (B) unaudited consolidated statements of income and cash flow of the Borrower and its Subsidiaries for
such fiscal quarter and (C) calculations of Net Revenue of the Borrower and its Subsidiaries for such fiscal quarter, in each case, and for the period commencing at the end of the previous fiscal year of Borrower and ending with the end of such
fiscal quarter, including (x) (for each of clauses (A), (B) and (C)), in comparative form (both in Dollar and percentage terms) the figures for the corresponding fiscal quarter in, and
year-to-date portion of, the immediately preceding fiscal year of Borrower, and when such Budget has been delivered pursuant to
Section 8.01(f), a comparison (both in Dollar and percentage terms) to projections for such fiscal quarter, and period commencing at the end of the previous fiscal year of Borrower and ending with the end of such fiscal
quarter, in the then-current Budget and (y) (for clause (C), in comparative form (in percentage terms) the figures for the corresponding fiscal quarter in the Management Forecast, (for each of clauses (x) and (y)) certified as complete and
correct by an Authorized Officer of the Borrower and (ii) a management discussion and analysis (with reasonable detail and specificity) of the results of operations for the fiscal periods reported, including, in comparative form the figures for
the corresponding fiscal quarter in, and year-to-date portion of, the immediately preceding fiscal year of Borrower, and a comparison to projections for such fiscal
quarter, and period commencing at the end of the previous fiscal year of Borrower and ending with the end of such fiscal quarter. 

  
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 (c) Annual Financial Statements. As soon as available and in any event within two
hundred seventy (270) days after the end of each fiscal year of Borrower, copies of the consolidated balance sheets of the Borrower and its Subsidiaries, and the related consolidated and consolidating statements of income and cash flows of the
Borrower and its Subsidiaries for such fiscal year, setting forth in comparative form (both in Dollar and percentage terms) the figures for the immediately preceding fiscal year, such consolidated statements to be audited and certified accompanied
by a report and unqualified opinion (other than a qualification with respect to “going concern”) of BDO USA, LLP or another independent firm of certified public accountants of nationally recognized standing reasonably acceptable to the
Administrative Agent (which report and opinion shall (x) state that such financial statements present fairly in all material respects the financial position for the periods indicated in conformity with GAAP and (y) not be subject to any
exception as to the scope of the audit), together with a management discussion and analysis (with reasonable detail and specificity) of the results of operations for the fiscal periods reported. 

(d) Compliance Certificates. Concurrently with the delivery of the financial information pursuant to clauses (b) and (c) above, a
Compliance Certificate, executed by an Authorized Officer of the Borrower, (i) showing compliance with the Financial Performance Covenants and stating that no Default or Event of Default has occurred and is continuing (or, if a Default or an
Event of Default has occurred, specifying the details of such Default or Event of Default and the actions taken or to be taken with respect thereto) and containing the applicable certifications set forth in Section 7.09
with respect thereto, (ii) specifying any change in the identity of the Subsidiaries as at the end of such fiscal year or period, as the case may be, from the Subsidiaries identified to the Lenders on the Closing Date or the most recent fiscal
year or period, as the case may be, (iii) including a written supplement substantially in the form of Schedules 1-5 to the Collateral Disclosure Letter (as defined in the Security Agreement), as applicable, to the Security Agreement with
respect to any assets and property acquired by any Credit Party after the date hereof or since the date of the most recently delivered Compliance Certificate, as applicable, all in reasonable detail, and (iv) to the extent applicable, a written
supplement updating Schedules 1.01(b), 1.01(c) (including delivery of copies of (a)(x) each Material Contract entered into since the Closing Date or the most recently delivered Compliance Certificate, as applicable, and
(y) each material amendment or modification of any Material Contract entered into since the Closing Date or the most recently delivered Compliance Certificate, as applicable), 7.12, 7.15, 7.22, 7.23, 7.25,
7.30 and 7.31 to the Disclosure Letter (it being agreed that Borrower may deliver at any time and from time to time written supplements to any such Schedules to make the representations and warranties set forth herein or in the
Security Agreement, as applicable, true and correct) and each such written supplement shall be deemed to immediately and automatically amend such Schedule as then in effect. 

(e) Report. Promptly upon, and in any event within five (5) Business Days after, receipt thereof, copies of all serious adverse
event monthly reports received by any Credit Party. 

  
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 (f) Budget. Within thirty (30) days after the commencement of each fiscal year
of Borrower, commencing with its fiscal year 2020, the forecasted financial projections for the then current fiscal year and the next succeeding fiscal year (on a
month-by-month basis, as well as for each following fiscal year to the last Maturity Date, on an annual basis), in each case (including projections for Liquidity), a
projected consolidated balance sheet of the Borrower and its Subsidiaries as of the end of the following fiscal year, the related consolidated statements of projected cash flow, projected changes in financial position and projected income and a
description of the underlying assumptions applicable thereto), in each case, as customarily prepared by management of the Credit Parties for their internal use consistent in scope with the financial statements provided pursuant to
Section 8.01(c), setting forth the principal assumptions on which such projections are based (such projections and the projections delivered as of the Closing Date pursuant to Section 6.01(j)(ii),
collectively, the “Budget”). 
 (g) Defaults. As soon as possible and in any event within five
(5) Business Days after an Authorized Officer of the Borrower or any of its Subsidiaries obtains knowledge thereof, notice from an Authorized Officer of the Borrower of (i) the occurrence of any event that constitutes a Default or an Event
of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the applicable Credit Parties propose to take with respect thereto or (ii) the occurrence of a breach or
non-performance of, or any default under, any other Material Contracts of any Credit Party or any Subsidiary of a Credit Party, or any violation of, or non-compliance
with any Applicable Laws, in each case, which would reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect. 

(h) Other Litigation. As soon as possible and in any event within five (5) Business Days after an Authorized Officer of the
Borrower or any of its Subsidiaries obtains knowledge thereof, notice from an Authorized Officer of the Borrower of (i) the commencement of, or any material development in, any litigation, action, proceeding, including pursuant to any
applicable Healthcare Law, Environmental Laws or in respect of IP Rights, or labor controversy or proceeding affecting any Credit Party or any Subsidiary of any Credit Party or its respective property (A) in which the amount of damages claimed
is $250,000 or more, (B) which would reasonably be expected to have a Material Adverse Effect, (C) which purports to affect the legality, validity or enforceability of any Credit Document, any other Transaction Document or (D) in
which the relief sought is an injunction or other stay of the performance of this Agreement, any other Credit Document or any Transaction Document or any other document or instrument referred to in Section 9.07, or
(ii) the occurrence of any material adverse development with respect to any litigation, action, proceeding or labor controversy described in Schedule 7.04 to the Disclosure Letter, and, in each case together with a statement of an
Authorized Officer of the Borrower, which notice shall specify the nature thereof, and what actions the applicable Credit Parties propose to take with respect thereto, and, to the extent the Administrative Agent requests, copies of all documentation
related thereto. 
 (i) [Reserved]. 

(j) Management Letters. Promptly upon, and in any event within five (5) Business Days after, receipt thereof, copies of all
“management letters” submitted to any Credit Party by the independent public accountants referred to in Section 8.01(c) in connection with each audit made by such accountants. 

  
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 (k) Corporate Information. Concurrently with the Compliance Certificate next
delivered pursuant to Section 8.01(d) after, becoming aware of any additional corporate or limited liability company information or division information of the type delivered pursuant to
Section 6.01(g), a certificate, certified to the extent of any change from a prior certification, from the secretary, assistant secretary, managing member or general partner of such Credit Party notifying the Administrative
Agent of such information or change and attaching thereto any relevant documentation in connection therewith. 
 (l) Other
Information. With reasonable promptness, such other information (financial or otherwise) as the Administrative Agent on its own behalf or on behalf of any Lender may reasonably request from time to time. 

(m) Insurance Report. Substantially concurrently with the delivery of the financial statements provided for in
Section 8.01(c), a report of a reputable insurance broker with respect to insurance policies maintained by the Credit Parties, as the Administrative Agent on its own behalf or on behalf of any Lender may reasonably request
in writing from time to time. 
 (n) Investor Notes. Promptly, and in no event later than five (5) days after delivery to the
Investors, copies of all statements, reports and notices made available to all Investors. 
 (o) FDA Notices. Promptly, and in no
event later than three (3) Business Days after an Authorized Officer becomes aware thereof, notify and provide copies to the Administrative Agent of any notice and related correspondence that (i) the FDA or any other similar Governmental
Authority is limiting, suspending or revoking any material Regulatory Required Permit, changing the Product Approval, manufacturing process or facilities, distribution pathway or parameters, or label or labeling of the Products of the Credit Parties
or their respective Subsidiaries, or considering any of the foregoing; (ii) any Credit Party or any of its Subsidiaries becoming subject to any administrative or regulatory enforcement action, including FDA application integrity review, Form
FDA 483 observation or other inspection-related or audit documents, warning letter, untitled letter, notice of violation letter, penalty, fine, sanction or reprimand, or other notice, response or commitment made to or with the FDA or any comparable
Governmental Authority, or any Product of any Credit Party or any of its Subsidiaries being seized, withdrawn, recalled (voluntarily or otherwise), detained, or subject to a suspension of manufacturing, or the commencement of any proceedings in the
United States or any other jurisdiction seeking the withdrawal, recall (voluntary or otherwise), suspension, import detention, or seizure of any Product are pending or threatened in writing against the Credit Parties or their respective
Subsidiaries; and (iii) any voluntary withdrawal or recall of any Product by any Credit Party or any of its Subsidiaries. 
 Information required to be
delivered pursuant to Section 8.01(b) or Section 8.01(c) (to the extent any such information is included in materials filed with the Securities and Exchange Commission) may be delivered
electronically, and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such information, or provides a link thereto on the Borrower’s website or at http://www.sec.gov; or (ii) on which
such information is posted on the Borrower’s behalf on an Internet or intranet website, if any, to which the Lenders and the Administrative Agent have been granted access (whether a commercial, third-party website or whether sponsored by the
Administrative Agent). 

  
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 SECTION 8.02 Books, Records and
Inspections. The Borrower will, and will cause each of its Subsidiaries to, maintain proper books of record and account, in which entries that are full, true and correct in all material respects and are in conformity with GAAP
consistently applied shall be made of all material financial transactions and matters involving the assets and business of the Credit Parties or such Subsidiary, as the case may be. The Borrower will, and will cause each of its Subsidiaries to,
permit representatives and independent contractors of the Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom (subject to
applicable confidentiality agreements or undertakings and copyright laws), and to discuss its affairs, finances and accounts with its directors and officers, all at the expense of the Credit Parties and (unless an Event of Default then exists) as
often as the Administrative Agent may reasonably request at reasonable times during normal business hours, upon reasonable advance notice to the Credit Parties; provided that during any calendar year, absent the continuation of an Event of Default,
reasonable expenses of a reasonable number of people in connection with only one (1) inspection by Administrative Agent shall be at the Borrower’s expense and reimbursable under this Agreement. Any information obtained by the
Administrative Agent pursuant to this Section 8.02 may be shared with the Administrative Agent or any Lender upon the request of such Secured Party. 

SECTION 8.03 Maintenance of Insurance. 

(a) The Borrower will, and will cause each of its Subsidiaries to, at all times maintain in full force and effect, with insurance companies
that the Borrower believes (in its reasonable business judgment) are financially sound and reputable at the time the relevant coverage is placed or renewed, insurance in at least such amounts and against at least such risks (and with such risk
retentions) as are usually insured against in the same general area by companies engaged in businesses similar to those engaged in by the Credit Parties; and will furnish to the Administrative Agent for further delivery to the Lenders, upon written
request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried, including (i) endorsements to (A) all “All Risk” policies naming the Administrative Agent, on behalf of the Secured
Parties, as loss payee and (B) all general liability and other liability policies naming the Administrative Agent, on behalf of the Secured Parties, as additional insured and (ii) legends providing that no cancellation in insurance
coverage thereof shall be effective until at least thirty (30) days after receipt by the Administrative Agent of written notice thereof. 

(b) Within forty-five (45) days after the Closing Date, the Borrower shall have delivered to the Administrative Agent copies of each
insurance policy (or binders in respect thereof), in form and substance reasonably satisfactory to the Administrative Agent. 
 (c) Without
limiting the foregoing, the Borrower will, and will cause each of its Subsidiaries to, (i) maintain, if available, fully paid flood hazard insurance on all owned or leased Real Property that is located in a special flood hazard area and that
constitutes Collateral, on such terms and in such amounts as required by Flood Insurance Laws or as otherwise reasonably required by the Administrative Agent or any Lender, (ii) furnish to the Administrative Agent evidence of the renewal (and
payment of renewal premiums therefor) of all such policies prior to the expiration or lapse thereof, and (iii) furnish to the Administrative Agent prompt written notice of any redesignation of any such owned or leased improved Real Property
into or out of a special flood hazard area. 

  
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 SECTION 8.04 Payment of Taxes. The
Credit Parties will pay and discharge, and will cause each of their respective Subsidiaries to pay and discharge, all material Taxes payable by them that have become due, other than those not yet delinquent or being diligently contested in good
faith and by proper proceedings which stay the enforcement of any Lien as to which such Credit Party has maintained adequate reserves in accordance with GAAP. 

SECTION 8.05 Maintenance of Existence; Compliance with Laws, etc. 

(a) Each Credit Party will, and will cause its Subsidiaries to, (a) preserve and maintain in full force and effect its organizational
existence and good standing under the laws of its jurisdiction of incorporation, organization or formation as applicable, except as permitted by Section 9.03, and (b) preserve and maintain its good standing under the
laws of each state or other jurisdiction where such Person is required to be so qualified, to do business as a foreign entity except, in the case of this clause (b) where the failure to do so would not reasonably be expected to have a Material
Adverse Effect. 
 (b) Each Credit Party shall, and shall cause each of its Subsidiaries to, comply with all Applicable Laws and
Authorizations (including without limitation, all Regulatory Required Permits) of any Governmental Authority having jurisdiction over it, its business or its Products, except where such failures to comply would not reasonably be expected to have,
either individually or in the aggregate, a Material Adverse Effect. Without limiting the generality of the foregoing, each Credit Party and its Subsidiaries shall comply in all material respects with all material Healthcare Laws and their
implementation by any applicable Governmental Authority and all lawful requests of any Governmental Authority applicable to its Products. All Products that are subject to the jurisdiction of the FDA or comparable Governmental Authority shall be
designed, developed, tested, investigated, manufactured, labeled, packaged, distributed, marketed, and sold in compliance in all material respects with the Healthcare Laws and any other Applicable Laws, including, without limitation, those
Applicable Laws related to product approval or premarket notification, good manufacturing practices, labeling, advertising, record-keeping, and adverse event reporting. 

SECTION 8.06 Environmental Compliance. 

(a) Each Credit Party will, and will cause its Subsidiaries to, use and operate all of its and their facilities and Real Property in
compliance with all Environmental Laws, keep all necessary permits, approvals, certificates, licenses and other authorizations relating to environmental matters in effect and remain in compliance therewith, and handle all Hazardous Materials in
compliance with all Environmental Laws, and keep its and their Real Property free of any Lien imposed by any Environmental Law, except, in each case, where the failure to do so would not reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect. 

  
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 (b) The Borrower will promptly give notice to the Administrative Agent upon any Credit Party
or Subsidiary thereof becoming aware of: (i) any violation by any Credit Party or any of its Subsidiaries of any Environmental Law which could reasonably be expected to result in a Material Adverse Effect, (ii) any proceeding against or
investigation of any Credit Party under any Environmental Law, including a written request for information or a written notice of violation or potential environmental liability from any Governmental Authority or any other Person, which could
reasonably be expected to result in a Material Adverse Effect, (iii) the occurrence or discovery of a new Release or new threat of a Release (or discovery of any Release or threat of a Release previously undisclosed by any Credit Party to
Administrative Agent) at, on, under or from any of the Real Property of any Credit Party or any facility or assets therein in excess of reportable or allowable standards or levels under any Environmental Law, or under circumstances, or in a manner
or amount which could reasonably be expected to result in a Material Adverse Effect, or (iv) any Environmental Claim arising or existing on or after the Closing Date which could reasonably be expected to result in a Material Adverse Effect.

 (c) In the event of a Release of any Hazardous Material on any Real Property of any Credit Party which could reasonably be expected to
result in material liability on the part of any Credit Party under any Environmental Law, such Credit Party, upon discovery thereof, shall take all necessary steps to initiate and expeditiously complete all response, corrective and other action to
mitigate and resolve any such violation or potential liability in accordance with and to the extent required of such Credit Party under Environmental Law, and shall keep the Administrative Agent informed on a regular basis of their actions and the
results of such actions; provided, however, that no Credit Party (or its respective Subsidiaries) shall be required to undertake any such response, corrective action or other action to the extent that its obligation to do so is being contested in
good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP. 

(d) Each Credit Party shall provide the Administrative Agent with copies of any material demand, request for information, notice, submittal,
documentation or correspondence received or provided by any Credit Party or any of its Subsidiaries from or to any Governmental Authority or other Person under any Environmental Law. Such notice, submittal or documentation shall be provided to the
Administrative Agent promptly and, in any event, within five (5) Business Days after such material is provided to any Governmental Authority or third party. 

(e) At the written request of the Administrative Agent, the Borrower shall obtain and provide, at its sole expense, an environmental site
assessment (including, without limitation, the results of any groundwater or other testing, conducted at the Administrative Agent’s reasonable request) concerning any Real Property now or hereafter owned, leased or operated by any Credit Party
or any of its Subsidiaries, conducted by an environmental consulting firm approved by the Administrative Agent indicating, to the reasonable satisfaction of the Administrative Agent, the likely presence or absence of Hazardous Materials and the
potential cost of any required action in connection with any Hazardous Materials on, at, under or emanating from such Real Property; provided, that such request may be made only if (i) there has occurred and is continuing an Event of
Default, or (ii) circumstances exist that in the reasonable judgment of the Administrative Agent could be expected to result in a violation of or liability under any Environmental Law on the part of any Credit Party or its respective
Subsidiaries; provided further, if the Borrower fails to provide the same within sixty (60) days after such request was made, the 

  
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Administrative Agent may but is under no obligation to conduct the same, and the Credit Parties shall grant and hereby do grant to the Administrative Agent and its agents access to such Real
Property and specifically grants the Administrative Agent an irrevocable non-exclusive license, subject to the rights of tenants, to undertake such an assessment, all at the Borrower’s sole cost and
expense. 
 SECTION 8.07 ERISA. (a) Promptly after any Credit Party or any
Subsidiary of any Credit Party knows or has reason to know of the occurrence of any of the following events (including such events previously disclosed or exempt from disclosure hereunder, to the extent the liability therefor remains outstanding),
the Borrower will deliver to the Administrative Agent and each Lender a certificate of an Authorized Officer of the Borrower setting forth details as to such occurrence and the action, if any, that such Credit Party, such Subsidiary or such ERISA
Affiliate is required or proposes to take, together with any notices (required, proposed or otherwise) given to or filed with or by such Credit Party, such Subsidiary, such ERISA Affiliate, the PBGC, a Plan participant (other than notices relating
to an individual participant’s benefits) or the Plan administrator and all documentation with respect thereto: that a Reportable Event has occurred; that a failure to satisfy the minimum funding standard of Section 412 of the Code or
Section 302 of ERISA (whether or not waived in accordance with Section 412(c) of the Code or Section 302(c) of ERISA) has occurred (or is reasonably likely to occur) or an application is to be made to the Secretary of the Treasury for
a waiver or modification of the minimum funding standard (including any required installment payments) or an extension of any amortization period under Section 412, 430 or 431 of the Code with respect to a Plan; the failure to make a required
contribution to any Plan if such failure is sufficient to give rise to a Lien under Section 303(k) or 4068 of ERISA or under Section 430(k) of the Code; that a Pension Plan having an Unfunded Current Liability has been or is to be
terminated, reorganized or partitioned under Title IV of ERISA (including the giving of written notice thereof); the taking of any action with respect to a Plan which would reasonably be expected to result in the requirement that any Credit Party
furnish a bond or other security to the PBGC or such Plan; that a proceeding has been instituted against a Credit Party, a Subsidiary thereof or an ERISA Affiliate pursuant to Section 515 of ERISA to collect a delinquent contribution to a
Multiemployer Plan; or that the PBGC has notified any Credit Party, any Subsidiary thereof or any ERISA Affiliate of its intention to appoint a trustee to administer any Plan; or the occurrence of any event with respect to any Plan which could
result in the incurrence by any Credit Party or any Subsidiary of any Credit Party of any material liability (including any contingent or secondary liability), fine or penalty. 

(a) Promptly following any request therefor, copies of any documents or notices described in Sections 101(f), 101(k) or 101(l) of ERISA that
any Credit Party, any of its Subsidiaries or any ERISA Affiliate may reasonably request with respect to any Plan; provided, that if any Credit Party, any of its Subsidiaries or any ERISA Affiliate has not requested such documents or notices
from the administrator or sponsor of the applicable Plan, the applicable Credit Party, the applicable Subsidiary(ies) or the ERISA Affiliate(s) shall promptly make a request for such documents or notices from such administrator or sponsor and shall
provide copies of such documents and notices promptly after receipt thereof. 
 SECTION 8.08
Maintenance of Property and Assets. Each Credit Party will, and will cause its Subsidiaries to, maintain, preserve, protect and keep its properties and assets in good repair, working order and condition (ordinary wear and tear excepted
and subject to dispositions 

  
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permitted pursuant to Section 9.04), and make necessary repairs, renewals and replacements thereof and will maintain and renew as necessary all licenses, permits and
other clearances necessary to use and occupy such properties and assets, in each case so that the business carried on by such Person may be properly conducted at all times, except where the failure to do so could not reasonably be expected to have a
Material Adverse Effect. 
 SECTION 8.09 End of Fiscal Years; Fiscal Quarters. The
Credit Parties will, for financial reporting purposes, cause (a) each of their, and each of their Subsidiaries’, fiscal years to end on December 31 of each year and (b) each of their and each of their Subsidiaries’, fiscal
quarters to end on dates consistent with such fiscal year-end and the Borrower’s past practice; provided, that the Credit Parties may change their, and each of their respective
Subsidiaries’, fiscal year end (and change the end of the fiscal quarters in a corresponding manner) upon thirty (30) days’ prior written notice to the Administrative Agent. 

SECTION 8.10 Use of Proceeds. The proceeds of the Initial Term Loan shall be used to finance the
Term Loan Facility Purposes. The proceeds of the DDTL Facility shall be used to finance the DDTL Facility Purposes. The Credit Parties shall not use the proceeds of any Credit Extension made hereunder, or use or allow its respective directors,
officers, employees and agents to use, the proceeds of any extension of credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of
any Anti-Corruption Laws, Anti-Terrorism Laws or Anti-Money Laundering Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Person on the SDN List or (iii) in any manner
that would result in the violation of any Sanctions applicable to any party. 
 SECTION 8.11
Further Assurances; Additional Guarantors and Grantors. 
 (a) The Credit Parties will and will cause their Subsidiaries to execute
any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust (excluding leasehold deeds of
trust) and other documents), which may be required under any Applicable Law, or which the Administrative Agent may reasonably request, in order to grant, preserve, protect and perfect the validity and priority of the security interests created or
intended to be created by the Security Agreement, any Mortgage or any other Security Document, all at the sole cost and expense of the Borrower. 

(b) Subject to any applicable limitations set forth in the Guarantee Agreement and the Security Agreement, as applicable, the Credit Parties
will promptly upon the formation or acquisition thereof (and in any event within twenty (20) Business Days after the formation, division or acquisition thereof (or such later date as agreed by the Administrative Agent)) cause any direct or
indirect Subsidiary (other than any Excluded Subsidiary) formed or otherwise purchased or acquired after the Closing Date to execute (i) a supplement to the Guarantee Agreement in the form of Annex I to the Guarantee Agreement or a guarantee in
form and substance reasonably satisfactory to Administrative Agent, and (ii) a supplement to the Security Agreement in the form of Annex I to the Security Agreement, or a security agreement in form and substance reasonably satisfactory to
Administrative Agent. 

  
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 (c) Subject to any applicable limitations set forth in the Security Agreement, the Credit
Parties (i) will promptly upon the formation or acquisition thereof (and in any event within twenty (20) Business Days after the formation or acquisition thereof (or such later date as agreed by the Administrative Agent)) pledge to the
Administrative Agent for the benefit of the Secured Parties, all the Capital Stock of each Subsidiary directly held by such Credit Party in each case, formed or otherwise purchased or acquired after the Closing Date; provided, however, that, with
respect to any pledge of the Capital Stock of any Excluded Subsidiary, such pledge shall be limited to 65% of the issued and outstanding Voting Stock and 100% of the outstanding non-voting Capital Stock of
such Excluded Subsidiary and (ii) will promptly deliver to the Administrative Agent any promissory notes executed after the Closing Date evidencing Indebtedness of any Credit Party or Subsidiary of any Credit Party that is owing to any other
Credit Party or any other promissory notes executed after the Closing Date evidencing Indebtedness in excess of $100,000 owing to the Credit Parties. 

(d) Subject to any applicable limitations set forth in any applicable Security Document, if any fee simple interest in Real Property is
acquired by any Credit Party after the Closing Date, the Borrower will notify the Administrative Agent and the Lenders thereof and will cause such assets to be subjected to a Lien securing the applicable Obligations and will take, and cause the
other Credit Parties to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and/or perfect such Liens consistent with the applicable requirements of the Security Documents, including actions
described in this Section 8.11, all at the sole cost and expense of the Borrower within 60 days after the acquisition of such Real Property (or such longer period as the Administrative Agent may agree). Any Mortgage
delivered to the Administrative Agent in accordance with the preceding sentence shall be accompanied by (A) a policy or policies (or unconditional binding commitment thereof) of title insurance issued by a nationally recognized title insurance
company insuring the Lien of each Mortgage as a valid Lien (with the priority described therein) on the Mortgaged Property described therein, free of any other Liens except as expressly permitted by Section 9.02, together
with such endorsements as the Administrative Agent may reasonably request and (B) if requested by the Administrative Agent, an opinion of local counsel to the applicable Credit Party(ies) in form and substance reasonably satisfactory to the
Administrative Agent. In addition to the obligations set forth in Section 8.03(a), the Credit Parties shall, in connection with the grant to the Administrative Agent for the benefit of the Secured Parties of any Mortgage
with respect to any Real Property, (X) provide at least twenty (20) days’ prior written notice to the Administrative Agent of the contemplated pledge of such Real Property as Collateral, (Y) the Borrower shall provide each of the
documents and determinations required by the Real Property Flood Insurance Requirements and (Z) notwithstanding anything to the contrary contained herein or in any other Credit Document, the Administrative Agent shall not enter into, accept or
record (and no Credit Party shall be required to grant) any mortgage in respect of such Real Property until the Administrative Agent shall have received written confirmation (which shall, for purposes hereunder, include email) from each Lender that
flood insurance compliance has been completed by such Lender with respect to such Real Property (such written confirmation not to be unreasonably withheld or delayed). Any increase, extension or renewal of this Agreement shall be subject to
flood insurance due diligence and flood insurance compliance reasonably satisfactory to the Administrative Agent and each Lender. 

  
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 (e) Notwithstanding anything herein to the contrary, if the Administrative Agent determines
that the cost of creating or perfecting any Lien on any property is excessive in relation to the practical benefits afforded to the Lenders thereby, then such property may be excluded from the Collateral for all purposes of the Credit Documents.

 (f) For the avoidance of doubt, for all purposes under this Section 8.11, the formation and acquisition of a
Person shall be deemed to include any formations and acquisitions by division; provided that compliance with the requirements of this Section 8.11 shall not cure any Default or Event of Default for the occurrence of
such division. 
 SECTION 8.12 Bank Accounts. 

(a) Within 30 days after the Closing Date (or such longer period as the Administrative Agent may agree), the Borrower shall establish and
deliver to Administrative Agent a Control Agreement with respect to each of the Credit Parties’ respective securities accounts, deposit accounts and investment property set forth on Schedule 7.25 to the Disclosure Letter (other than
Excluded Accounts); provided, that, so long as no Event of Default has occurred and is continuing, the Credit Parties may establish new deposit accounts or securities accounts so long as, prior to the time such account is established:
(i) the Credit Parties have delivered to the Administrative Agent and Administrative Agent an amended Schedule 7.25 to the Disclosure Letter including such account and (ii) the Credit Parties have delivered to Administrative Agent a
Control Agreement with respect to such account (other than any Excluded Account). 
 (b) If, after the occurrence and during the continuance
of an Event of Default, any of the Credit Parties receive or otherwise have dominion over or control of any Collections or other amounts, the Borrower shall hold, and shall cause each other Credit Party to hold, such Collections and amounts in trust
for the Administrative Agent, and shall not commingle such Collections with any other funds of any Credit Party or other Person or deposit such Collections in any account other than those accounts set forth on Schedule 7.25 to the
Disclosure Letter (unless otherwise instructed by the Administrative Agent). 
 SECTION 8.13
Anti-Corruption Laws, Anti-Terrorism Laws, Etc. To the extent the Borrower or any of its Subsidiaries has any operations, customers, vendors, contracts or other business relationships outside of the United States, Borrower will institute and
maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws. 

SECTION 8.14 Landlord Agreements. Within sixty (60) days of the Closing Date (or such later
date approved by Administrative Agent), the Borrower shall obtain and deliver to Administrative Agent a landlord agreement from each lessor of any location where any Credit Party’s books and records are located, which agreements shall be
reasonably satisfactory in form and substance to Administrative Agent. 
 SECTION 8.15 Intellectual
Property. 
 (a) Each Credit Party will (i) maintain its ownership of all Intellectual Property owned by such Credit Party, and
shall not do any act knowingly or omit to do any act whereby any owned Intellectual Property may lapse, expire, become abandoned or cancelled, dedicated to the public, or unenforceable, or which would adversely affect the validity, grant, or
enforceability of 

  
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the security interest granted hereunder, (ii) take all reasonable steps in the United States Patent and Trademark Office and the United States Copyright Office and any other applicable
Governmental Authority to pursue any application and maintain any registration of each trademark, patent, and copyright owned by such Credit Party and (iii) without limiting Sections 8.15(a)(i) and (ii), register any domain
name(s) under the name of such Credit Party, in each of (i) through (iii) except as could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

(b) Each Credit Party will (i) maintain all licenses for third party Intellectual Property (including commercial software) licensed to
such Credit Party and (ii) not violate any such licenses and not cause any such license to cease to be legal, valid, binding, enforceable and in full force and effect following the Closing Date, except for licenses that expire or are terminated
in accordance with their terms and in the ordinary course of business (other than a termination resulting from a default or breach by the applicable Credit Party), in each of (i) and (ii), except as could not reasonably be expected to have a
Material Adverse Effect. 
 SECTION 8.16 Board Observation. 

(a) Meetings. Until such time as all Obligations incurred hereunder are paid in full in accordance with the terms of this Agreement,
Ares shall be entitled to have one of its employees (the “Ares Designee”) present (whether in person or by telephone) at all physical and telephonic meetings of the Board of Directors. The Ares Designee shall not be entitled to vote
at such meetings. 
 (b) Notices and other Information. The Borrower shall send to Ares at the same time such materials distributed
by or to the members of any Board of Directors, all of the notices, information and other materials that are distributed to the members of the Board of Directors, including, without limitation, copies of the minutes of all meetings of the Board of
Directors and all notices, information and other materials that are distributed by or to the members of the Board of Directors with respect to the meetings of the Board of Directors, but excluding any notices, information or other materials
distributed by or to members of the Board of Directors, if the Board of Directors determines that receipt of such materials by Ares would jeopardize the attorney client privilege, confidentiality provisions binding the Borrower or any other Credit
Party or if information is being discussed at such meeting or disclosed in such materials relating to any of the Borrower’s or its Subsidiaries’ strategy, negotiating positions or similar matters relating to any of the Lenders or directly
relating to any refinancing or replacement of the Obligations. Any material provided to stockholders of the Borrower in connection with any meetings of stockholders shall also be provided to Ares. Upon the request of Ares, Borrower shall refrain
from sending such notices, information and other materials to Ares for so long as Ares, shall request. 
 (c) Consent in lieu of
Meetings. If the Borrower proposes to take any action by written consent in lieu of a meeting of the Board of Directors, the Borrower, shall give notice thereof to Ares at the same time and in the same manner as notice is given to the members of
the Board of Directors. 
 (d) Expenses. Promptly upon receipt of a written demand (including documentation supporting such demand)
from Ares, the Borrower shall reimburse Ares for the reasonable documented out-of-pocket expenses of the Ares Designee incurred in connection with the attendance at such
meetings of the Board of Directors of the Borrower on a basis consistent with its reimbursement policies for its Board of Directors. 

  
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 SECTION 8.17 Post-Closing. Notwithstanding
anything to the contrary set forth in this Agreement and the Loan Documents: 
 (a) Endorsements. Within thirty (30) days after
the Closing Date (or such later date approved by Administrative Agent), the Borrower shall deliver to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, such insurance endorsements as required to be
delivered pursuant to Section 8.03 of the Credit Agreement. 
 ARTICLE IX 

Negative Covenants 

Each Credit Party hereby covenants and agrees that on the Closing Date and thereafter, until the Commitments have been terminated and the
Loans and all other Obligations incurred hereunder (other than Unasserted Contingent Obligations) are paid in full in accordance with the terms of this Agreement: 

SECTION 9.01 Limitation on Indebtedness. No Credit Party shall, and no Credit Party shall
permit any of its Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee, suffer to exist or otherwise become directly or indirectly liable, contingently or otherwise with respect to any Indebtedness, except for: 

(a) Indebtedness in respect of the Obligations; 

(b) Indebtedness existing as of the Closing Date (other than Investor Notes) which is identified in Schedule 7.24 to the Disclosure
Letter and which is not otherwise permitted by this Section 9.01, and Permitted Refinancing Indebtedness thereof; 

(c) unsecured Indebtedness (i) incurred in the ordinary course of business of such Credit Party and its Subsidiaries in respect of open
accounts extended by suppliers on normal trade terms in connection with purchases of goods and services which are not overdue for a period of more than ninety (90) days or, if overdue for more than ninety (90) days, as to which a dispute
exists and adequate reserves in conformity with GAAP have been established on the books of such Credit Party or Subsidiary and (ii) in respect of performance, surety or appeal bonds, bid bonds and similar obligations provided in the ordinary
course of business, but excluding (in each case) Indebtedness incurred through the borrowing of money or Contingent Liabilities in respect thereof; 

(d) Indebtedness (i) incurred to finance the acquisition of equipment of such Credit Party and its Subsidiaries (pursuant to purchase
money mortgages or otherwise, whether owed to the seller or a third party), provided, that such Indebtedness is incurred within ninety (90) days after such acquisition of such equipment, and (ii) Capitalized Lease Obligations, and,
with respect to each of clause (i) and (ii), Permitted Refinancing Indebtedness thereof; provided, that the aggregate principal amount of all Indebtedness outstanding pursuant to this clause (d) shall not at any time exceed
$175,000. 

  
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 (e) Indebtedness pursuant to the Investor Notes subject to the Subordination Agreement, in
an aggregate principal amount not to exceed $75,000,000 at any time, plus interest paid in kind thereon, which such amount shall be decreased in an amount equal to the conversion amount, if any, of the Investor Notes; 

(f) Hedging Transactions permitted by Section 9.11; 

(g) Indebtedness incurred with corporate credit cards in an aggregate principal amount not to exceed $150,000 at any time outstanding; 

(h) reimbursement obligations under letters of credit issued after the Closing Date with an aggregate face amount not exceeding $500,000 at
any time; 
 (i) intercompany Indebtedness permitted by Section 6.05; 

(j) Guarantees of Indebtedness permitted pursuant to this Section 9.01; 

(k) Indebtedness consisting of insurance premium financing in the ordinary course of business; 

(l) other unsecured Indebtedness not to exceed $250,000 at any time outstanding; and 

(m) unsecured Indebtedness constituting earnouts obligations in connection with Permitted Acquisitions. 

SECTION 9.02 Limitation on Liens. No Credit Party shall, and no Credit Party shall permit
any of its Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Lien upon any property or assets of any kind (real or personal, tangible or intangible) of any such Person, whether now owned or hereafter acquired,
except for the following (collectively, the “Permitted Liens”): 
 (a) Liens securing the Obligations; 

(b) Liens existing as of the Closing Date and disclosed in Schedule 9.02 to the Disclosure Letter, and to the extent securing
Indebtedness, such Indebtedness is permitted under Section 9.01(b) (other than the Existing Notes or the Additional Notes, to the extent applicable) and any renewals or extensions thereof; provided, that no such Lien
shall (1) secure Indebtedness under any Existing Notes or Additional Notes, to the extent applicable, or (2) encumber any additional property and the principal amount of Indebtedness secured by such Lien shall not be increased (as such
Indebtedness may be permanently reduced subsequent to the Closing Date) except to the extent permitted by Section 9.01(b); 

(c) Liens securing Capitalized Lease Obligations and Liens securing Indebtedness of the type permitted under
Section 9.01(d); provided, that (i) the principal amount of the Indebtedness secured thereby does not exceed the cost of the applicable property at the time of such acquisition, replacement or construction and
(ii) such Lien secures only the assets that are the subject of the Indebtedness referred to in such clause and proceeds thereof; 

  
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 (d) Liens arising by operation of law in favor of carriers, warehousemen, mechanics,
materialmen, suppliers, laborers and landlords and other similar Liens incurred in the ordinary course of business in an amount not to exceed $250,000 for amounts not overdue or being diligently contested in good faith by appropriate proceedings and
for which adequate reserves in accordance with GAAP shall have been established on its books; 
 (e) Liens incurred or deposits made in the
ordinary course of business in connection with worker’s compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure performance of tenders, statutory obligations, bids, leases or other similar
obligations (other than for borrowed money) entered into in the ordinary course of business or to secure obligations on surety, bid, appeal or performance bonds; 

(f) judgment Liens not constituting an Event of Default under Section 10.01(f); 

(g) Liens for Taxes, assessments or other governmental charges or levies not yet due and payable or the
non-payment of which is permitted by Section 7.10; 
 (h) Liens arising in
the ordinary course of business by virtue of any contractual, statutory or common law provision relating to banker’s Liens, rights of set-off or similar rights and remedies covering deposit or securities
accounts (including funds or other assets credited thereto) or other funds maintained with a depository institution or securities intermediary, so long as the applicable provisions of Section 8.12 have been complied with,
in respect of such deposit accounts (other than Excluded Accounts); 
 (i) Liens arising from precautionary Uniform Commercial Code
financing statements (or similar filings under other applicable law) regarding operating leases or consignment or bailee arrangements in the ordinary course of business; 

(j) [Reserved]. 
 (k) Liens
arising out of sale and leaseback transactions permitted by Section 9.08; 
 (l) Leases or subleases granted to
other Persons in the ordinary course of business and not interfering in any material respect with the business of the lessor or sublessor; 

(m) any interest or title of a lessor, sublessor, licensor or sublicensor under any lease or license in the ordinary course of business; 

(n) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods; 
 (o) Liens on cash collateral securing (i) corporate credit card obligations permitted by
Section 9.01(g) and (ii) reimbursement obligations under letters of credit permitted by Section 9.01(h); 

(p) Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance
premiums permitted by Section 9.01(k); 

  
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 (q) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of
the affected property or interfere with the ordinary conduct of business of Borrower or any Subsidiary; and 
 (r) Liens in favor of the
Investors securing the Investor Notes, subject to the Subordination Agreement. 
 SECTION 9.03
Consolidation, Merger, etc. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, liquidate or dissolve, consolidate with, or merge into or with, any other Person or purchase or otherwise acquire all or
substantially all of the assets of any Person (or any division thereof), provided, that (a) any Credit Party or Subsidiary of any Credit Party may liquidate or dissolve voluntarily into, and may merge with and into, the Borrower (so long
as the Borrower is the surviving entity), (b) any Guarantor may liquidate or dissolve voluntarily into, and may merge with and into any Credit Party, (c) any Subsidiary that is not a Credit Party may liquidate or dissolve voluntarily into, and
may merge with and into any other Subsidiary, (d) the assets or Capital Stock of any Credit Party may be purchased or otherwise acquired by any other Credit Party, (e) the assets or Capital Stock of any Subsidiary that is not a Credit
Party may be purchased or otherwise acquired by the Borrower or any Subsidiary Party, (f) any Subsidiary of any Credit Party may file a certificate of division, adopt a plan of division or otherwise take any action to effectuate a division
pursuant to Section 18-217 of the Delaware Limited Liability Company Act (or any analogous action taken pursuant to Applicable Law with respect to any corporation, limited liability company, partnership or other entity) so long as such
surviving Person shall have complied with the requirements of Section 8.11 within the time periods set forth therein and (g) any Credit Party or Subsidiary of any Credit Party may consummate Permitted Acquisitions.

 SECTION 9.04 Permitted Dispositions. No Credit Party shall, and no Credit Party shall permit
any of its Subsidiaries to, make a Disposition, of such Credit Party’s or such other Person’s assets (including Receivables and Capital Stock of Subsidiaries) to any Person in one transaction or a series of transactions unless such
Disposition: 
 (a) is in the ordinary course of its business and is of obsolete, surplus or worn out property or property, other than any
Product, no longer used or useful in its business, including, in the case of IP Rights, any Intellectual Property that is not necessary for any business conducted by any Credit Party or any of its Subsidiaries; 

(b) is a sale of Inventory in the ordinary course of business; 

(c) is a sale or disposition of equipment to the extent that such equipment is exchanged for credit against the purchase price of similar
replacement equipment, or the proceeds of such Dispositions are reasonably promptly applied to the purchase price of similar replacement equipment, all in the ordinary course of business; 

(d) is otherwise permitted by Sections 9.02, 9.03, 9.05, 9.06, or 9.08. 

(e) is a Disposition consisting of the non-exclusive licenses for the use of the property, other than
any Product, of the Credit Parties in the ordinary course of business; 

  
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 (f) is a Disposition of cash or Cash Equivalents, 

(g) is the unwinding of any Hedge Transaction, or 

(h) is a Disposition not otherwise permitted by this Section 9.04 in an amount not to exceed $100,000 per fiscal
year, so long as no Event of Default shall have occurred and be continuing after such Disposition, 
 provided, that, notwithstanding the
foregoing, in no event shall any Credit Party, or shall any Credit Party permit any of its Subsidiaries to, (i) directly or indirectly, issue, sell, assign or otherwise dispose of any Capital Stock of any of its Subsidiaries, except (1) to
qualify directors if required by applicable law or (2) pursuant to clause (d) above or (ii) to file a certificate of division, adopt a plan of division or otherwise take any action to effectuate a division pursuant to
Section 18-217 of the Delaware Limited Liability Company Act (or any analogous action taken pursuant to Applicable Law with respect to any corporation, limited liability company, partnership or other entity). 

SECTION 9.05 Investments. No Credit Party shall, and no Credit Party shall permit any of its
Subsidiaries to, purchase, make, incur, assume or permit to exist any Investment in any other Person, except: 
 (a) Investments existing on
the Closing Date and identified in Schedule 7.12 to the Disclosure Letter; 
 (b) Investments in cash and Cash Equivalents; 

(c) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with,
customers and suppliers, in each case in the ordinary course of business; 
 (d) Investments (i) by and among Credit Parties,
(ii) by any Subsidiary in any Credit Party, and (iii) by and among Subsidiaries that are not Credit Parties; 
 (e) Investments
constituting (i) Receivables arising, (ii) trade debt granted, or (iii) deposits and prepayments made in connection with the purchase price of goods or services, in each case in the ordinary course of business; 

(f) Investments consisting of any deferred portion of the sales price received by any Credit Party in connection with any Disposition
permitted under Section 9.04; 
 (g) the maintenance of deposit accounts in the ordinary course of business so
long as the applicable provisions of Section 8.12 have been complied with in respect of such deposit accounts; 

(h) loans and advances to current or former employees, officers, directors, consultants and advisors in the ordinary course of business or in
connection with relocations, indemnification, or reimbursement in respect of liabilities relating to them serving in any such capacity, including business travel and entertainment expenses, not to exceed $150,000 in the aggregate at any time
outstanding; 

  
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 (i) Contingent Liabilities relating to Indebtedness permitted by
Section 9.01; 
 (j) Investments constituting Permitted Acquisitions; and 

(k) after the PIK Termination Date and so long as no Event of Default has occurred and is continuing or would result therefrom, any other
Investments in an aggregate amount not to exceed $50,000. 
 SECTION 9.06 Restricted Payments,
etc. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any Restricted Payment (including any cash payment in respect of the Investor Notes), or make any deposit for any Restricted Payment, other than: 

(a) payments by any Subsidiary of the Borrower to the Borrower or its direct parent so long as such parent is a direct or indirect
wholly-owned subsidiary of the Borrower; 
 (b) Restricted Payments by any Credit Party or any of its Subsidiaries to pay dividends with
respect to its Capital Stock payable solely in additional shares of Capital Stock (other than Disqualified Capital Stock); 
 (c) conversion
of the Investor Notes and any other convertible securities into Capital Stock of the Borrower in accordance with the terms thereof or otherwise in exchange thereof, and payments of cash in lieu of issuing fractional shares in connection with such
conversion or exchange; and 
 (d) earnout obligations in connection with Permitted Acquisitions, to the extent payable in cash funded with
Net Proceeds from an issuance of Qualified Capital Stock. 
 SECTION 9.07 Modification of Certain
Agreements. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the
terms or provisions contained in (a) any of the Investor Notes unless such amendment, supplement, waiver or other modification is permitted under the terms of the Subordination Agreement, (b) any of the Organization Documents if such
amendment, modification or change would (i) require any mandatory redemption date of any Capital Stock earlier than the date that is ninety (90) days after the Maturity Date, (ii) require any cash dividends or other payments in cash
to be made earlier than the date that is ninety (90) days after the Maturity Date, (iii) without at least ten (10) days prior notice to the Administrative Agent, in the case of a Credit Party, modify any name, jurisdiction of
organization, organizational identification number or federal identification number or (iv) otherwise impact the priority or perfection of the Liens of the Administrative Agent, (c) any document, agreement or instrument evidencing or
governing any Indebtedness that has been subordinated to the Obligations in right of payment or any Liens that have been subordinated in priority to the Liens of the Administrative Agent unless such amendment, supplement, waiver or other
modification is permitted under the terms of the subordination agreement applicable thereto, or (d) any Material Contract, except to the extent that such amendment, modification or change could not, individually or in the aggregate, reasonably
be expected to be materially adverse to the interests of the Lenders. 

  
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 SECTION 9.08 Sale and Leaseback. No
Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, directly or indirectly, enter into any agreement or arrangement providing for the sale or transfer by it of any property (now owned or hereafter acquired) to a Person
and the subsequent lease or rental of such property or other similar property from such Person. 

SECTION 9.09 Transactions with Affiliates. No Credit Party shall, and no Credit Party
shall permit any of its Subsidiaries to, enter into or cause or permit to exist any arrangement, transaction or contract (including for the purchase, lease or exchange of property or the rendering of services) with any Affiliate except (a) on
fair and reasonable terms no less favorable to such Credit Party or such Subsidiary than it could obtain in an arm’s-length transaction with a Person that is not an Affiliate, (b) any transaction
expressly permitted under Sections 9.03, 9.04, 9.05(d), or 9.06 (c) customary fees to, and indemnifications of, non-officer directors of the Credit Parties and their respective
Subsidiaries, (d) the payment of reasonable and customary compensation and indemnification arrangements and benefit plans for officers and employees of the Credit Parties and their respective Subsidiaries in the ordinary course of business,
(e) the Investor Notes, and (f) 
bona fide equity investments in Borrower by Borrower’s existing investors. 
 SECTION 9.10
Restrictive Agreements, etc. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, enter into any agreement (other than a Transaction Document) prohibiting: 

(a) the creation or assumption by any Credit Party of any Lien upon its properties, revenues or assets, whether now owned or hereafter
acquired, in favor of the Secured Parties to secure the Obligations; 
 (b) expressly, the ability of such Person to amend or otherwise
modify any Credit Documents; or 
 (c) the ability of such Person to make any payments, directly or indirectly, to the Credit Parties,
including by way of dividends, advances, repayments of loans, reimbursements of management and other intercompany charges, expenses and accruals or other returns on investments. 

The foregoing prohibitions shall not apply to (i) agreements entered into in connection with the Investor Notes, (ii) customary restrictions of the
type described in clause (a) above (which do not prohibit the Credit Parties from complying with or performing the terms of this Agreement and the other Credit Documents) which are contained in any agreement, (A) governing any Indebtedness
permitted by Section 9.02(d) as to assets financed with the proceeds of such Indebtedness, (B) for the creation or assumption of any Lien on the sublet or assignment of any leasehold interest of any Credit Party or any
of its Subsidiaries, (C) for the assignment of any contract entered into by any Credit Party or any of its Subsidiaries, (D) for the transfer of any asset pending the close of the sale of such asset pursuant to a Disposition permitted
under this Agreement, or (iii) customary restrictions and conditions in agreements relating to the sale of Borrower or any Subsidiary or assets of Borrower or any Subsidiary, in each case, pending such sale. 

  
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 SECTION 9.11 Hedging Transactions. No
Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, enter into any Hedging Transaction, except (a) Hedging Transactions entered into to hedge or mitigate risks to which such Credit Party or such Subsidiary has
actual exposure (other than those in respect of Capital Stock) and (b) Hedging Transactions entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating rate, from one floating rate to another floating
rate or otherwise) with respect to any interest-bearing liability or investment of such Credit Party or such Subsidiary. 
 
SECTION 9.12 Changes in Business. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to engage in any business other than the businesses the Credit Parties and their Subsidiaries are engaged in as
of the date hereof and other businesses that are reasonably related or incidental thereto or reasonable extensions thereof. 
 
SECTION 9.13 Financial Performance Covenants. The Credit Parties will not permit: 
 (a) Minimum Revenue. The
Net Revenue of the Credit Parties on a consolidated basis to be less than the corresponding amount set forth in the Net Revenue Covenant column for the corresponding Test Period as set forth in the below chart: 

 

			
	 Test Period
	  	 Net Revenue Covenant Level

	March 31, 2020	  	[***]
	June 30, 2020	  	[***]
	September 30, 2020	  	[***]
	December 31, 2020	  	[***]
	March 31, 2021	  	[***]
	June 30, 2021	  	[***]
	September 30, 2021	  	[***]
	December 31, 2021	  	[***]
	March 31, 2022	  	[***]
	June 30, 2022	  	[***]
	September 30, 2022	  	[***]

 (b) Minimum Liquidity. The Liquidity of the Credit Parties on a consolidated basis to be less than
$5,000,000 at any time. 

  
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 SECTION 9.14 Disqualified Capital
Stock. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, issue any Disqualified Capital Stock. 

SECTION 9.15 Removal of Collateral. No Credit Party shall remove, or cause or permit to
be removed, any of the Collateral valued in excess of $250,000 from the premises where such Collateral is currently located and described in Schedule 7.30 to the Disclosure Letter (as such schedule may be updated from time to time in
accordance with the Security Agreement) without providing Administrative Agent 10 days’ prior written notice and, upon Administrative Agent’s request, using commercially reasonable efforts to obtain a landlord or bailee agreement for the
new location, except in connection with (a) dispositions permitted under Section 9.04, (b) off-site repairs of Equipment in the ordinary course of Borrower’s and its
Subsidiaries’ business as conducted on the Closing Date, and (c) 
Inventory in transit or temporarily placed with vendors. 
 ARTICLE X 

Events of Default 

SECTION 10.01 Listing of Events of Default. Each of the following events or occurrences
described in this Section 10.01 shall constitute an “Event of Default”: 
 (a) Non-Payment of Obligations. The Borrower shall default in the payment of: 
 (i) any principal of any
Loan when such amount is due; or 
 (ii) any interest on any Loan when such amount is due and such default shall continue unremedied for a
period of five (5) Business Days after such amount is due; or 
 (iii) any fee described in Article IV or any other monetary
Obligation under the Credit Documents when such amount is due and such default shall continue unremedied for a period of five (5) Business Days after such amount is due. 

(b) Breach of Warranty. Any representation or warranty of any Credit Party made or deemed to be made in any Credit Document (including
any certificates delivered pursuant to Article VI) which, by its terms, is subject to a materiality qualifier, is or shall be incorrect in any respect when made or deemed to have been made or any other representation or warranty of any Credit
Party made or deemed to be made in any Credit Document (including any certificates delivered pursuant to Article VI) is or shall be incorrect in any material respect when made or deemed to have been made. 

(c) Non-Performance of Certain Covenants and Obligations. Any Credit Party shall default in the
due performance or observance of any of its obligations under (i) Section 8.01, Section 8.02, Section 8.03, Section 8.05(a),
Section 8.10, Section 8.11, Section 8.12, Section 8.13, Section 8.15, Section 8.16, 8.17,
Article IX or the Fee Letter. 
 (d) Non-Performance of Other Covenants and
Obligations. Any Credit Party shall default in the due performance and observance of any obligation contained in any Credit Document executed by it (other than as specified in Section 10.01(a),
Section 10.01(b) or 

  
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Section 10.01(c)), and such default shall continue unremedied for a period of thirty (30) Business Days after the earlier of (i) any officer of any Credit
Party shall first have knowledge thereof or (ii) any Credit Party receives written notice from the Administrative Agent or the Required Lenders in respect thereof. 

(e) Default on Other Indebtedness. (i) A default shall occur in the payment of any amount when due (subject to any applicable
grace period or cure period), whether by acceleration or otherwise, of any principal or stated amount of, or interest or fees on, any Indebtedness (other than the Obligations) of any Credit Party, or Subsidiary of any Credit Party having a principal
or stated amount, individually or in the aggregate, in excess of $250,000, or a default shall occur in the performance or observance of any obligation or condition with respect to any such Indebtedness if the effect of such default is to accelerate
the maturity of such Indebtedness or to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare such Indebtedness to become immediately due and payable, (ii) a default shall occur (after
expiration of any available grace or cure periods) in the performance or observance of any obligation or condition with respect to any Indebtedness which has been subordinated (whether as to payment or Lien priority) to the Obligations or the
Administrative Agent’s Liens or any such Indebtedness shall be required to be or prepaid, redeemed, purchased or defeased, or require an offer to purchase or defease such Indebtedness to be made, prior to its expressed maturity or (iii) an
“Event of Default” (as defined in any of the Investor Notes) shall have occurred and be continuing under such Investor Note. 

(f) Judgments. (i) Any judgment or order for the payment of money individually or in the aggregate in excess of $250,000
(exclusive of any amount fully covered by insurance (less any applicable deductible) and as to which the insurer has been notified of the claim and has not disputed coverage), shall be rendered against any Credit Party or any of its Subsidiaries and
such judgment shall not have been vacated or discharged or stayed or bonded pending appeal within forty-five (45) days after the entry thereof or enforcement proceedings shall have been commenced by any creditor upon such judgment or order, or
(ii) a non-appealable judgment or order for the payment of money that is greater than $10,000,000 in the aggregate (exclusive of any amount fully covered by insurance (less any applicable deductible) and
as to which the insurer has been notified of the claim and has not disputed coverage) is rendered against any Credit Party or any of its Subsidiaries in connection with the pending case titled Hologic, Inc. et al v. Minerva Surgical, Inc., Case No. 19-02054 (CAFC) (such judgment or order for payment, a “Material Hologic Judgment”), if such Material Hologic Judgment shall not have been vacated within forty-five (45) days after the
entry thereof, provided, that, no Event of Default shall occur under this Section 10.01(f)(ii) if, within ninety (90) days after the entry thereof, (x) Borrower shall have received Net Proceeds from an issuance of Qualified Capital
Stock and/or Investor Notes in an amount equal to the amount by which the Material Hologic Judgment exceeds $10,000,000 and (y) the Material Hologic Judgment shall have been discharged. 

(g) Plans. An ERISA Event occurs that has resulted or could reasonably be expected to result in a Material Adverse Effect. 

  
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 (h) Bankruptcy, Insolvency, etc. Any Credit Party or any of its Subsidiaries shall:

 (i) become insolvent or generally fail to pay, or admit in writing its inability or unwillingness generally to pay, its debts as they
become due; 
 (ii) apply for, consent to, or acquiesce in the appointment of a trustee, receiver, sequestrator or other custodian for any
substantial part of the assets or other property of any such Person, or make a general assignment for the benefit of creditors; 
 (iii) in
the absence of such application, consent or acquiesce to or permit or suffer to exist, the appointment of a trustee, receiver, sequestrator or other custodian for a substantial part of the property of any thereof, and such trustee, receiver,
sequestrator or other custodian shall not be discharged within forty-five (45) days; provided, that each Credit Party hereby expressly authorizes each Secured Party to appear in any court conducting any relevant proceeding during
such 45-day period to preserve, protect and defend their rights under the Credit Documents; 
 (iv)
permit or suffer to exist the commencement of any bankruptcy, reorganization, debt arrangement or other case or proceeding under any bankruptcy or insolvency law or any dissolution, winding up or liquidation proceeding, in respect thereof, and, if
any such case or proceeding is not commenced by such Person, such case or proceeding shall be consented to or acquiesced in by such Person, or shall result in the entry of an order for relief or shall remain for forty-five (45) days
undismissed; provided, that each Credit Party hereby expressly authorizes each Secured Party to appear in any court conducting any such case or proceeding during such 45-day period to preserve,
protect and defend their rights under the Credit Documents; or 
 (v) take any action authorizing, or in furtherance of, any of the
foregoing. 
 (i) Impairment of Security, etc. Any Credit Document or any Lien granted thereunder with respect to any portion of the
Collateral (except in accordance with its terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party thereto, or any Credit Party or any other Person shall
contest in writing such effectiveness, validity, binding nature or enforceability; or, except as permitted under any Credit Document, any Lien on the Collateral shall cease to be a perfected Lien. 

(j) [Reserved]. 
 (k)
Restraint of Operations; Loss of Assets. If any Credit Party or any Subsidiary of a Credit Party is enjoined, restrained, or in any way prevented by court order or other Governmental Authority from continuing to conduct all or any material
part of its business affairs or if any material portion of any Credit Party’s or any of its Subsidiaries’ assets is attached, seized, subjected to a writ or distress warrant, or is levied upon, or comes into the possession of any third
Person and the same is not discharged before the earlier of 30 days after the date it first arises or 5 days prior to the date on which such property or asset is subject to forfeiture by such Credit Party or the applicable Subsidiary. 

(l) [Reserved]. 

  
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 (m) Subordination Agreements. (i) The subordination provisions of any
Subordination Agreement or any subordination provisions governing any subordinated Indebtedness shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Credit Party or any Affiliate of a Credit Party
shall contest in writing the validity or enforceability thereof or deny in writing that it has any further liability or obligation thereunder, or the Obligations, for any reason shall not have the priority contemplated by such subordination
provisions (other than as a result of the Administrative Agent’s failure to take any action within its control) or (ii) any lien subordination or any other material provision of the Subordination Agreement shall for any reason be revoked
or invalidated, or otherwise cease to be in full force and effect, or any Credit Party or any Affiliate of a Credit Party shall contest in writing the validity or enforceability thereof or deny in writing that it has any further liability or
obligation thereunder. 
 (n) FDA Matters. (i) The FDA or any other Governmental Authority initiates enforcement action
including but not limited to any inspection against any Credit Party or any of its Subsidiaries, or any suppliers that causes such Credit Party or Subsidiary to recall, withdraw, remove or discontinue manufacturing, shipping or marketing any of its
Products the result of which could reasonably be expected to result in a Material Adverse Effect; (ii) the FDA requires any Credit Party or its Subsidiaries to modify the label or labeling of any Product as a result of a safety or compliance
risk, or seeks to restrict in any way, the distribution of any of Credit Party’s or its Subsidiaries’ Products, which could reasonably be expected, in the aggregate, to have a Material Adverse Effect; (iii) the FDA or any other
Governmental Authority issues a warning letter or other communication to any Credit Party or any of its Subsidiaries with respect to any Regulatory Matter which if not promptly resolved could reasonably be expected, in the aggregate, to result in a
Material Adverse Effect; (iv) any Credit Party or any of its Subsidiaries conducts a mandated or voluntary recall or market withdrawal which could reasonably be expected to result in a Material Adverse Effect; or (v) any Credit Party or
any of its Subsidiaries enters into a settlement agreement with the FDA or any other Governmental Authority that could reasonably be expected to result in a Material Adverse Effect. 

(o) Product Withdrawal. The voluntary withdrawal or institution of any action or proceeding by the FDA or similar Governmental
Authority to order the withdrawal of any Product or Product category from the market or to enjoin the Borrower, the Borrower’s Subsidiaries or any representative of a Borrower or its Subsidiaries from testing, manufacturing, processing,
assembly, packaging, labeling, marketing, distribution, import/export, or selling or distributing any Product or Product category that has or could reasonably be expected to have a Material Adverse Effect, (ii) the institution of any action or
proceeding by the FDA, or any other Governmental Authority to revoke, suspend or withdraw any Regulatory Required Permit held by Borrower, its Subsidiaries or any representative of Borrower or its Subsidiaries, which, in each case, has or could
reasonably be expected to result in Material Adverse Effect, or (iii) the commencement of any enforcement action against Borrower or Borrower’s Subsidiaries by the FDA, or any other Governmental Authority which has or could reasonably be
expected to result in a Material Adverse Effect. 
 SECTION 10.02 Remedies Upon Event of
Default. If any Event of Default shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent may, and upon the direction of the Required Lenders shall, by notice to the Borrower
(a) permanently reduce the Commitment in whole or in part or (b) declare all or any portion of the 

  
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outstanding principal amount of the Loans and other Obligations to be due and payable and the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of
such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall terminate. The Lenders and the Administrative Agent
shall have all other rights and remedies available at law or in equity or pursuant to any Credit Documents. 
 
ARTICLE XI 
 The Administrative Agent 

SECTION 11.01 Appointment. Each Lender (and, if applicable, each other Secured Party) hereby
appoints Ares as its Administrative Agent under and for purposes of each Credit Document and hereby authorizes the Administrative Agent to act on behalf of such Lender (or, if applicable, each other Secured Party) under each Credit Document and, in
the absence of other written instructions from the Lenders pursuant to the terms of the Credit Documents received from time to time by the Administrative Agent, to exercise such powers hereunder and thereunder as are specifically delegated to or
required of the Administrative Agent by the terms hereof and thereof, together with such powers as may be incidental thereto. Each Lender (and, if applicable, each other Secured Party) hereby irrevocably designates and appoints the Administrative
Agent as the agent of such Lender. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary
relationship with any Lender or other Secured Party, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Credit Document or otherwise exist against the
Administrative Agent. 
 SECTION 11.02 Delegation of Duties. The Administrative Agent may
execute any of its duties under this Agreement and the other Credit Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel
concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys in-fact selected by it with reasonable care. 

SECTION 11.03 Exculpatory Provisions. Neither the Administrative Agent nor any of its respective
officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such
Person under or in connection with this Agreement or any other Credit Document (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from its or such
Person’s own gross negligence or willful misconduct) or (b) responsible in any manner to any of the Lenders or any other Secured Party for any recitals, statements, representations or warranties made by any Credit Party or any officer
thereof contained in this Agreement or any other Credit Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or any
other Credit Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Credit Document or for any failure of any Credit Party or other Person to perform its obligations hereunder or
thereunder. The Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Credit 

  
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Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any bankruptcy or insolvency law or other similar law or that may
affect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any bankruptcy or insolvency law or other similar law. The Administrative Agent shall not be under any obligation to any Lender to ascertain or to
inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Credit Document, or to inspect the properties, books or records of any Credit Party. 

SECTION 11.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to
rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, electronic mail, statement, order or other document or conversation believed by it to be genuine and correct
and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Credit Parties), independent accountants and other experts selected by the Administrative Agent. The
Administrative Agent may deem and treat the payee of any note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent
shall be fully justified in failing or refusing to take any action under this Agreement or any other Credit Document unless it shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all or
other requisite Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The
Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Credit Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all
Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans and all other Secured Parties. 

SECTION 11.05 Notice of Default. The Administrative Agent shall not be deemed to have knowledge
or notice of the occurrence of any Default or Event of Default hereunder, except with respect to any Default or Event of Default in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of the
Lenders unless the Administrative Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the
Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the
Required Lenders (or, if so specified by this Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement); provided, that unless and until the Administrative Agent shall have received such directions, the
Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as the Administrative Agent shall deem advisable in the best interests of the Secured
Parties. 
 SECTION 11.06 Non-Reliance on Agents
and Other Lenders. Each Lender (and, if applicable, each other Secured Party) expressly acknowledges that neither the Administrative Agent nor any of its respective officers, directors, employees, agents, attorneys-in-fact or Affiliates 

  
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have made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including any review of the affairs of a Credit Party or any Affiliate of a Credit
Party, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender or any other Secured Party. Each Lender (and, if applicable, each other Secured Party) represents to the Administrative Agent that it has,
independently and without reliance upon the Administrative Agent or any other Lender or any other Secured Party, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business,
operations, property, financial and other condition and creditworthiness of the Credit Parties and their Affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender (and, if applicable, each other
Secured Party) also represents that it will, independently and without reliance upon the Administrative Agent or any other Lender or any other Secured Party, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Credit Documents, and to make such investigation as it deems necessary to inform itself as to the business,
operations, property, financial and other condition and creditworthiness of the Credit Parties and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent
hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender or any other Secured Party with any credit or other information concerning the business, operations, property, condition (financial or otherwise),
prospects or creditworthiness of any Credit Party or any Affiliate of a Credit Party that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
 SECTION 11.07
Indemnification. The Lenders agree to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Credit Parties and without limiting the obligation of the Credit Parties to do so), ratably according to
their respective Total Credit Exposure in effect on the date on which indemnification is sought under this Section 11.07 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and
the Loans shall have been paid in full, ratably in accordance with such Total Credit Exposure immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of, the
Commitments, this Agreement, any of the other Credit Documents, any Specified Hedging Agreement or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by
the Administrative Agent under or in connection with any of the foregoing; provided, that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful misconduct. The agreements in this
Section 
11.07 shall survive the payment of the Loans and all other amounts payable hereunder. 
 SECTION 
11.08 Agent in Its Individual Capacity. The Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Credit Party as though the Administrative Agent were not
the Administrative Agent. 

  
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With respect to its Loans made or renewed by it, the Administrative Agent shall have the same rights and powers under this Agreement and the other Credit Documents as any Lender and may exercise
the same as though it were not the Administrative Agent, and the terms “Lender”, “Lenders”, “Secured Party” and “Secured Parties” shall include the Administrative Agent in its individual capacity. 

SECTION 11.09 Successor Agents. The Administrative Agent may resign as Administrative Agent,
upon twenty (20) days’ notice to the Lenders and the Borrower. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Credit Documents, then the Required Lenders shall appoint from among the
Lenders a successor agent, which successor agent shall (unless an Event of Default shall have occurred and be continuing) be subject to approval by the Borrower (which approval shall not be unreasonably withheld or delayed), whereupon such successor
agent shall succeed to the rights (other than any rights to indemnity payments owed to the retiring Administrative Agent), powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent
effective upon such appointment and approval, and the former Administrative Agent’s rights (other than any rights to indemnity payments owed to the retiring Administrative Agent), powers and duties as Administrative Agent shall be terminated,
without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any holders of the Loans. If no applicable successor agent has accepted appointment as Administrative Agent by the date that is
twenty (20) days following such retiring Administrative Agent’s notice of resignation, such retiring Agent’s resignation shall nevertheless thereupon become effective (except that in the case of any Collateral held by the
Administrative Agent for the benefit of the Secured Parties under any of the Credit Documents, the Administrative Agent will continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and the Lenders
shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. After an Agent’s resignation as the Administrative Agent, the
provisions of this Article XI shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Agent under this Agreement and the other Credit Documents. 

SECTION 11.10 Administrative Agent Generally. Except as expressly set forth herein, the
Administrative Agent shall not have any duties or responsibilities hereunder in its capacity as such. 

SECTION 11.11 Restrictions on Actions by Lenders; Sharing of Payments. 

(a) Each of the Lenders agrees that it shall not, without the express written consent of the Administrative Agent, and that it shall, to the
extent it is lawfully entitled to do so, upon the written request of Administrative Agent, set off against the Obligations, any amounts owing by such Lender to any Credit Party or any of their respective Subsidiaries or any deposit accounts of any
Credit Party or any of their respective Subsidiaries now or hereafter maintained with such Lender. Each of the Lenders further agrees that it shall not, unless specifically requested to do so in writing by Administrative Agent, take or cause to be
taken any action, including, the commencement of any legal or equitable proceedings to enforce any Credit Document against any Credit Party or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral. 

  
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 (b) Subject to Section 12.09, if, at any time or times any Lender
shall receive (i) by payment, foreclosure, setoff, or otherwise, any proceeds of Collateral or any payments with respect to the Obligations, except for any such proceeds or payments received by such Lender from the Administrative Agent pursuant
to the terms of this Agreement, or (ii) payments from the Administrative Agent in excess of such Lender’s pro rata share of all such distributions by the Administrative Agent, such Lender promptly shall (A) turn the same over to the
Administrative Agent, in kind, and with such endorsements as may be required to negotiate the same to the Administrative Agent, or in immediately available funds, as applicable, for the account of all of the Lenders and for application to the
Obligations in accordance with the applicable provisions of this Agreement, or (B) purchase, without recourse or warranty, an undivided interest and participation in the Obligations owed to the other Lenders so that such excess payment received
shall be applied ratably as among the Lenders in accordance with their pro rata shares; provided, that to the extent that such excess payment received by the purchasing party is thereafter recovered from it, those purchases of participations shall
be rescinded in whole or in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing party, but without interest except to the extent that such purchasing party is required to pay
interest in connection with the recovery of the excess payment. 
 SECTION 11.12 Agency for
Perfection. Administrative Agent hereby appoints each other Secured Party as its agent (and each Secured Party hereby accepts such appointment) for the purpose of perfecting the Administrative Agent’s Liens in assets which, in accordance
with Article 7 or Article 8, as applicable, of the Uniform Commercial Code of any applicable state can be perfected only by possession or control. Should any Secured Party obtain possession or control of any such Collateral, such Secured Party shall
notify Administrative Agent thereof, and, promptly upon Administrative Agent’s request therefor shall deliver possession or control of such Collateral to Administrative Agent or in accordance with Administrative Agent’s instructions. 

SECTION 11.13 Authorization to File Proof of Claim. In case of the pendency of any bankruptcy,
insolvency or other similar proceeding with respect to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable or whether the Administrative Agent shall have made any demand
therefor) shall be entitled: (i) to file and prove a claim in such proceeding for the full amount of the principal and interest owing and unpaid in respect of the Loans and to file such other documents as may be necessary or advisable in order
to have the claims of the Lenders and the Administrative Agent (including any claim for reimbursement under Section 12.05) allowed in such proceeding; and (ii) to collect and receive any monies or other property
payable or deliverable on any such claims and to distribute the same; and any trustee, liquidator or another similar official in any such proceedings is hereby authorized by each Lender to make such payments to the Administrative Agent for the
account of such Lender. Nothing contained herein shall be deemed to authorize the Administrative Agent to consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the
obligations of the Credit Party hereunder or the rights of any Lender, or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

SECTION 11.14 Credit Bids. Each Credit Party and each Secured Party hereby irrevocably
authorizes Administrative Agent, based upon the written instruction of the Required Lenders, to bid and purchase (either directly or through one or more acquisition vehicles) all or 

  
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any portion of the Collateral at any sale thereof conducted (i) by the Administrative Agent under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code
(ii) under the provisions of the Bankruptcy Code, including Section 363, 365 and/or 1129 of the Bankruptcy Code or (iii) by the Administrative Agent (whether by judicial action or otherwise, including a foreclosure sale) in accordance
with applicable law (clauses (i), (ii) an (iii), a “Collateral Sale”); and in connection with any Collateral Sale based upon the written instruction of Required Lenders, the Administrative Agent may accept non-cash consideration, including debt and equity securities issued by such acquisition vehicle under the direction or control of the Administrative Agent and the Administrative Agent may offset all or any portion
of the Obligations against the purchase price of such Collateral. Each Secured Party hereby agrees that, except as otherwise provided in any Credit Documents, or with the written consent of the Administrative Agent and the Required Lenders, it will
not take any enforcement action, accelerate obligations under any Credit Documents, or exercise any right that it might otherwise have under applicable law to credit bid at foreclosure sales, UCC sales or other similar dispositions of Collateral.

 SECTION 11.15 Binding Effect. Each Secured Party, by accepting the benefits of the
Credit Documents, agrees that (i) any action taken by the Administrative Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions of the Credit Documents,
(ii) any action taken by the Administrative Agent in reliance upon the instructions of Required Lenders (or, where so required, such greater proportion) and (iii) the exercise by the Administrative Agent or the Required Lenders (or, where
so required, such greater proportion) of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Secured Parties. 

SECTION 11.16 Authorization to Enter into Subordination Agreement. Each Lender hereby
irrevocably appoints, designates and authorizes Administrative Agent to enter into the Subordination on its behalf and to take such action on its behalf under the provisions of any such agreement. Each Lender further agrees to be bound by the terms
and conditions of the Subordination Agreement. 
 ARTICLE XII 

Miscellaneous 
 
SECTION 12.01 Amendments and Waivers. Neither this Agreement nor any other Credit Document, nor any terms hereof or thereof, may be amended, supplemented or modified except in accordance with the provisions of this
Section 12.01. The Required Lenders may, or, with the consent of the Required Lenders or the Administrative Agent, as applicable, may, from time to time, (a) enter into with the relevant Credit Party or Credit Parties
written amendments, supplements or modifications hereto and to the other Credit Documents for the purpose of adding any provisions to this Agreement or the other Credit Documents or changing in any manner the rights of the Lenders or the Credit
Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Credit
Documents or any Default or Event of Default and its consequences; provided, that no such waiver, amendment, supplement or modification shall directly: 

(i) (A) reduce or forgive any portion of any Loan or extend the final expiration date of any Lender’s Commitment or extend the final
scheduled maturity date of any Loan or reduce the stated interest rate (it being understood that only the consent of the 

  
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Required Lenders shall be necessary to waive any obligation of the Borrower to pay interest at the Default Rate or amend Section 2.10(c)), or (B) reduce or forgive
any portion or extend the date for the payment, of any interest or fee payable hereunder (other than as a result of waiving the applicability of any post-default increase in interest rates), or (C) amend or modify any provisions of
Section 12.09(b) or any other provision that provides for the pro rata nature of disbursements by or payments to Lenders, in each case without the written consent of each Lender directly and adversely affected
thereby; 
 (ii) amend, modify or waive any provision of this Section 12.01 or reduce the percentages specified
in the definitions of the term “Required Lenders” or consent to the assignment or transfer by any Credit Party of its rights and obligations under any Credit Document to which it is a party (except as permitted pursuant to
Section 9.03), in each case without the written consent of each Lender directly and adversely affected thereby; 

(iii) increase the aggregate amount of any Commitment of any Lender without the consent of such Lender; 

(iv) amend, modify or waive any provision of Article XI applicable to the Administrative Agent without the written consent of the
Administrative Agent; 
 (v) release all or substantially all of the Guarantors under the Guarantee Agreement (except as expressly
permitted by the Guarantee Agreement), or release all or substantially all of the Collateral under the Security Agreement and the Mortgages (except as expressly permitted thereby and in Section 12.19), in each case without
the prior written consent of each Lender; 
 (vi) amend Section 2.10 so as to permit Interest Period intervals
greater than six months if not agreed to by all applicable Lenders; or 
 Notwithstanding the foregoing or anything to the contrary herein: 

(i) this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent, and
the Borrower (x) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the
benefits of this Agreement and the other Credit Documents with the Loans and the accrued interest and fees in respect thereof and (y) to include appropriately the Lenders holding such credit facilities in any determination of the Required
Lenders; 
 (ii) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that
the Commitment of such Lender may not be increased or extended, and amounts payable to such Lender hereunder may not be permanently reduced without the consent of such Lender (other than reductions in fees and interest in which such reduction does
not disproportionately affect such Lender); 

  
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 (iii) schedules to this Agreement and the Security Agreement may be amended or supplemented
by the delivery of a Compliance Certificate in accordance with, and solely to the extent set forth in, Section 8.01(d); and 

(iv) this Agreement and any other Credit Document may be amended solely with the consent of the Administrative Agent and the Borrower without
the need to obtain the consent of any other Lender if such amendment is delivered in order to (x) correct or cure ambiguities, errors, omissions, defects, (y) effect administrative changes of a technical or immaterial nature or
(z) correct or cure incorrect cross references or similar inaccuracies in this Agreement or the applicable Credit Document, in each case with regards to clauses (x) through (z), the correction of which is not adverse to the interest of any
Lender. Guarantees, collateral documents, security documents, intercreditor agreements, and related documents executed in connection with this Agreement may be amended, modified, terminated or waived, and consent to any departure therefrom may be
given, without the consent of any Lender if such amendment, modification, waiver or consent is given in order to cause such guarantee, collateral document, security document, intercreditor agreement or related document to be consistent with this
Agreement and the other Credit Documents. Any such amendment shall become effective without any further consent of any other party to such Credit Document. 

SECTION 12.02 Notices and Other Communications; Facsimile Copies. 

(a) General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or under any other
Credit Document shall be in writing (including by electronic transmission). All such written notices shall be mailed, e-mailed or delivered to the applicable address or electronic mail address, and all notices
and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Credit Parties, the Administrative Agent, to the address, electronic mail address or telephone number specified for such Person
on Schedule 12.02 or to such other address, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and 

(ii) if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative
Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the Borrower, and the Administrative Agent. 

All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the
relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, three (3) Business Days after deposit in the mails, postage prepaid;
(C) if delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of Section 12.02(c)), when
delivered; provided, that notices and other communications to the Administrative Agent pursuant to Article II shall not be effective until actually received by such Person. 

  
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 (b) Effectiveness of Electronic Documents and Signatures. Credit Documents may be
transmitted and/or signed by e-mail or other electronic communication. The effectiveness of any such documents and signatures shall have the same force and effect as manually signed originals and shall be
binding on all Credit Parties, the Administrative Agent and the Lenders. 
 (c) Reliance by the Administrative Agent and
Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic Notices of Borrowing) purportedly given by or on behalf of any Credit Party even if (i) such notices were not
made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. All telephonic
notices to the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

SECTION 12.03 No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Credit Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law. 
 SECTION 12.04 Survival of Representations and
Warranties. All representations and warranties made hereunder and in the other Credit Documents shall survive the execution and delivery of this Agreement and the making of the Loans hereunder. 

SECTION 12.05 Payment of Expenses; Indemnification. The Borrower agrees, subject to any
limitations set forth in the Fee Letter, (a) to pay or reimburse the Administrative Agent and the Lenders for all their reasonable and documented out-of-pocket
costs and expenses incurred in connection with the development, preparation, negotiation and execution of, and any amendment, waiver, supplement or modification to, this Agreement and the other Credit Documents and any other documents prepared in
connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable and documented fees, disbursements and other charges of one counsel (and, to the extent
necessary, one local counsel in any relevant jurisdiction and, if reasonably required, one regulatory counsel) to the Administrative Agent, (b) to pay or reimburse (i) a single firm of counsel to the Administrative Agent, (ii) if
reasonably necessary, one local counsel in each relevant jurisdiction (which may include special counsel acting in multiple jurisdictions) and (iii) solely in the case of an actual or perceived conflict of interest, one additional primary
counsel and one additional counsel in each relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for each group of affected Lenders similarly situated taken as a whole, for all their reasonable and
documented out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Credit Documents
and any such other documents, and (c) to pay, indemnify and hold harmless each Lender and the Administrative Agent and their respective Related Parties from and against any and all other liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, and reasonable out-of-pocket costs, expenses or disbursements of any kind or nature whatsoever, including reasonable  

  
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and documented fees, disbursements and other charges of one counsel, arising as a result of the execution, delivery, enforcement, performance and administration of this Agreement, the
other Credit Documents and any such other documents, including any of the foregoing relating to the violation of, noncompliance with or liability under, any Environmental Law on the part of any Credit Party or any of its Subsidiaries or any actual
or alleged presence of Hazardous Materials as a result of the operations of each Credit Party or any of its Subsidiaries, including at any of their Real Property (all the foregoing in this clause (c), collectively, the “indemnified
liabilities”); provided, that the Credit Parties shall have no obligation hereunder to the Administrative Agent or any Lender nor any of their Related Parties with respect to indemnified liabilities arising from (i) the
gross negligence or willful misconduct of the party to be indemnified or one of their Related Parties; (ii) disputes among the Administrative Agent, the Lenders and/or their transferees; or (iii) diminution in value of any Real Property of
any Credit Party resulting from the presence of Hazardous Materials existing at such Real Property on or before the Closing Date. The agreements in this Section 12.05 shall survive repayment of the Loans and all other
amounts payable hereunder and termination of this Agreement. To the fullest extent permitted by Applicable Law, no Credit Party shall assert, and each Credit Party hereby waives, any claim against any Lender, the Administrative Agent and their
respective Related Parties, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Credit
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Lender, the Administrative Agent nor any of their respective Related Parties shall be
liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the
other Credit Documents or the transactions contemplated hereby or thereby. This Section 12.05 shall not apply with respect to Taxes other than Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 
 SECTION 12.06 Successors and Assigns;
Participations and Assignments. 
 (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that (i) except as set forth in Section 9.03, no Credit Party may assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of each Lender (and any attempted assignment or transfer by any Credit Party without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder
except in accordance with this Section 12.06. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby, Participants (to the extent provided in paragraph (c) of this Section 12.06) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, and the Lenders) any legal
or equitable right, remedy or claim under or by reason of this Agreement. Notwithstanding anything to the contrary herein, (a) any Lender shall be permitted to pledge or grant a security interest in all or any portion of such Lender’s
rights hereunder including, but not limited to, any Loans (without the consent of, or notice to or any other action by, any other party hereto) to secure the obligations of such Lender or any of its Affiliates to any Person providing any loan,
letter of credit or other extension of credit to or for the account of such Lender or any of its Affiliates and any agent, trustee or representative of such Person and 

  
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(b) the Administrative Agent shall be permitted to pledge or grant a security interest in all or any portion of its rights hereunder or under the other Credit Documents, including, but not
limited to, rights to payment (without the consent of, or notice to or any other action by, any other party hereto), to secure the obligations of the Administrative Agent or any of its Affiliates to any Person providing any loan, letter of credit or
other extension of credit to or for the account of the Administrative Agent or any of its Affiliates and any agent, trustee or representative of such Person. 

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees (other than to a
Defaulting Lender or to the Borrower or to any of the Borrower’s Affiliates or Subsidiaries) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to
it) with the prior written consent (which consent in each case shall not be unreasonably withheld or delayed) of: 
 (A) the Borrower;
provided, that (1) no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, any other assignee and (2) the Borrower
shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; 

(B) the Administrative Agent; provided, that no consent of the Administrative Agent shall be required for an assignment to a Lender, an
Affiliate of a Lender or an Approved Fund. 
 (ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining
amount of the assigning Lender’s Commitments or Loans, the amount of the Commitments or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is
delivered to the Administrative Agent) shall not be less than $1,000,000, unless each of the Borrower and the Administrative Agent otherwise consents, which consent, in each case, shall not be unreasonably withheld or delayed; provided,
however, that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing; and provided further, that contemporaneous assignments to a single assignee made by affiliated Lenders
or related Approved Funds and contemporaneous assignments by a single assignor to affiliated Lenders or related Approved Funds shall be aggregated for purposes of meeting the minimum assignment amount requirements stated above; 

(B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement; provided, that this paragraph shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of Commitments or Loans; 

(C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a
processing and recordation fee of $3,500; provided, that only one such fee shall be payable in connection with simultaneous assignments to two or more Approved Funds; and 

  
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 (D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an
Administrative Questionnaire. 
 (E) No Lender may assign or otherwise transfer its rights or obligations hereunder to any of the Credit
Parties. 
 In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be
effective unless and until, in addition to the other conditions thereto set forth herein, the parties to such assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as
appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata
share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee (by its execution and delivery of the applicable Assignment and Acceptance to the Administrative Agent) and assignor hereby
irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate)
its full respective Pro Rata Share of all Loans. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the
provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section 12.06, from and
after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under
this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all
of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 5.04, and 12.05); provided, that except to the extent
otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.06 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section 12.06. 
 (iv) The Administrative Agent, acting
for this purpose on behalf of the Borrower (but not as an agent, fiduciary or for any other purposes), shall maintain a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amount of the Loans owing to, 

  
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each Lender pursuant to the terms hereof from time to time (the “Register”). Further, the Register shall contain the name and address of the Administrative Agent and the
lending office through which each such Person acts under this Agreement. The entries in the Register shall be conclusive absent manifest error, and the Credit Parties, the Administrative Agent, and the Lenders shall treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the
designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register, as in effect at the close of business on the preceding Business Day, shall be available for inspection by the Borrower, and any Lender, at any reasonable
time and from time to time upon reasonable prior notice. 
 (v) Upon its receipt of a duly completed Assignment and Acceptance executed by
an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder) and any written consent to such assignment required by paragraph (b)(i) of this
Section 12.06, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless and
until it has been recorded in the Register as provided in this paragraph. 
 (c) (i) Any Lender may, without the consent of the Borrower, or
the Administrative Agent, sell participations to one or more banks or other entities (other than a natural person, a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided, that (A) such Lender’s
obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent, and the other
Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement or any other Credit Document; provided, that such agreement or instrument may
provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in clause (i) of the first proviso to Section 12.01. Subject to paragraph (c)(ii) of
this Section 12.06, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15, and 5.04 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant
to paragraph (b) of this Section 12.06. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.09(b) as though it were a Lender, provided,
that such Participant agrees to be subject to Section 12.09(a) as though it were a Lender. 
 (ii) A Participant
shall not be entitled to receive any greater payment under Sections 2.14, 2.15 or 5.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of
the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled to the benefits of
Section 5.04 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 5.04(b) as though it
were a Lender. 

  
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 (iii) Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Lender’s obligations hereunder (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Credit Document) to any Person except to the extent that such disclosure is necessary to establish that such
commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall not have any responsibility for maintaining a Participant Register. 

SECTION 12.07 Replacements of Lenders Under Certain Circumstances. 

(a) The Borrower, at its sole cost and expense, shall be permitted to replace any Lender (or any Participant), other than an Affiliate of the
Administrative Agent, that (i) requests reimbursement for amounts owing pursuant to Sections 2.14, 2.15, 2.16, or 5.04, or (ii) is affected in the manner described in Section 2.14(a)(iii) and
as a result thereof any of the actions described in such Section is required to be taken, provided, that (A) such replacement does not conflict with any Applicable Law, (B) no Default or Event of Default shall have occurred and be
continuing at the time of such replacement, (C) the Borrower shall repay (or the replacement bank or institution shall purchase, at par) all Loans and other amounts (other than any disputed amounts) pursuant to Sections 2.14,
2.15, 2.16, or 5.04, as the case may be, owing to such replaced Lender prior to the date of replacement, (D) the replacement bank or institution, if not already a Lender, and the terms and conditions of such replacement,
shall be reasonably satisfactory to the Administrative Agent, (E) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 12.06 (except that such replaced Lender
shall not be obligated to pay any processing and recordation fee required pursuant thereto) and (F) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have
against the replaced Lender. 
 (b) If any Lender (a “Non-Consenting
Lender”) has failed to consent to a proposed amendment, waiver, discharge or termination, which pursuant to the terms of Section 12.01 requires the consent of all of the Lenders affected or the Required Lenders
and with respect to which the Required Lenders shall have granted their consent, then, provided that no Default or Event of Default then exists, the Borrower shall have the right (unless such Non-Consenting
Lender grants such consent), at its own cost and expense, to replace such Non-Consenting Lender by requiring such Non-Consenting Lender to assign its Loans and
Commitments to one or more assignees reasonably acceptable to the Administrative Agent, provided, that: (i) all Obligations of the Borrower owing to such Non-Consenting Lender being replaced shall
be paid in full to such Non-Consenting Lender concurrently with such assignment 

  
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and (ii) the replacement Lender shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the principal amount thereof
plus accrued and unpaid interest thereon plus the Prepayment Premium. In connection with any such assignment, the Borrower, the Administrative Agent, such Non-Consenting Lender and the replacement Lender shall
otherwise comply with Section 12.06 (except that such Non-Consenting Lender shall not be obligated to pay any processing and recordation fee required pursuant thereto). 

SECTION 12.08 Securitization. The Credit Parties hereby acknowledge that the Lenders and their
Affiliates may securitize the Loans (a “Securitization”) through the pledge of the Loans as collateral security for loans to the Lenders or their Affiliates or through the sale of the Loans or the issuance of direct or
indirect interests in the Loans to their controlled Affiliates, which loans to the Lenders or their Affiliates or direct or indirect interests will be rated by Moody’s, S&P or one or more other rating agencies. The Credit Parties shall, to
the extent commercially reasonable, cooperate with the Lenders and their Affiliates to effect any and all Securitizations. Notwithstanding the foregoing, no such Securitization shall release the Lender party thereto from any of its obligations
hereunder or substitute any pledgee, secured party or any other party to such Securitization for such Lender as a party hereto and no change in ownership of the Loans may be effected except pursuant to Section 12.06. 

SECTION 12.09 Adjustments; Set-off. (a) If any
Lender (a “Benefited Lender”) shall at any time receive any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 10.01(h), or otherwise), in a greater proportion than any such payment to or collateral received by any other
Lender, if any, in respect of such other Lender’s Loans or interest thereon, such Benefited Lender shall (i) notify the Administrative Agent of such fact and (ii) purchase for cash from the other Lenders a participating interest in
such portion of each such other Lender’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits
of such collateral or proceeds ratably with each of the Lenders; provided, that (x) if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and
the purchase price and benefits returned, to the extent of such recovery, but without interest and (y) the provisions of this Section shall not be construed to apply to (A) any payment made by or on behalf of the Borrower pursuant to and
in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender) or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Loans to any assignee or participant (as to which the provisions of this Section shall apply). 

Notwithstanding the foregoing, in the event that any Defaulting Lender shall exercise any such right of setoff, (1) all amounts so set
off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.05(d) and, pending such payment, shall be segregated by such Defaulting Lender from its
other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (2) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing
to such Defaulting Lender as to which it exercised such right of setoff. 

  
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 Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do
so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Credit Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a
direct creditor of such Credit Party in the amount of such participation. 
 (a) After the occurrence and during the continuance of an Event
of Default, to the extent consented to by Administrative Agent, in addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to the Borrower or any other Credit Party, any such notice
being expressly waived by the Credit Parties to the extent permitted by Applicable Law, upon any amount becoming due and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency,
in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Borrower, as the case may be. Each Lender
agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender; provided, that the failure to give such notice shall not affect the
validity of such set-off and application. 
 SECTION 12.10
Counterparts. This Agreement and the other Credit Documents may be executed by one or more of the parties thereto on any number of separate counterparts (including by electronic transmission), and all of said counterparts taken together shall
be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower, and the Administrative Agent. 

SECTION 12.11 Severability. Any provision of this Agreement that is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 12.11, if and to the extent that the enforceability of any provisions in this Agreement
relating to Defaulting Lenders shall be limited by bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether
considered in a proceeding in equity or law), as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited. 

SECTION 12.12 Integration. This Agreement and the other Credit Documents represent the agreement
of the Credit Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by any party hereto or thereto relative to the subject matter hereof
not expressly set forth or referred to herein or in the other Credit Documents. 
 SECTION 12.13
GOVERNING LAW. THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS (UNLESS EXPRESSLY PROVIDED OTHERWISE THEREIN) AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK. 

  
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 SECTION 12.14 Submission to Jurisdiction;
Waivers. Each party hereto hereby irrevocably and unconditionally: 
 (a) agrees that it will not commence any action, litigation or
proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender, or any Affiliate of the foregoing in any way relating to this Agreement or any other Credit
Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County, and of the United States District Court of the Southern District of New York, and any appellate court
from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New
York State court or, to the fullest extent permitted by applicable law, in such federal court; 
 (b) consents that any such action or
proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not
to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof
by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the applicable party at its respective address set forth on Schedule 12.02 or on Schedule 1.01(a) or at such other address of which the
Administrative Agent shall have been notified pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to effect service
of process in any other manner permitted by law or shall limit any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Credit Document against the Borrower or
any other Credit Party or their respective properties in the courts of any jurisdiction; 
 (e) waives, to the maximum extent not prohibited
by law, all rights of rescission, setoff, counterclaims, and other defenses in connection with the repayment of the Obligations; and 
 (f)
waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 12.14 any special, exemplary, punitive or consequential damages.

 SECTION 12.15 Acknowledgments. Each Credit Party hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Credit Documents; 

  
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 (b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or
duty to the Credit Parties arising out of or in connection with this Agreement or any of the other Credit Documents, and the relationship between the Administrative Agent and Lenders, on one hand, and the Credit Parties, on the other hand, in
connection herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Credit
Documents or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among the Credit Parties and the Lenders. 

SECTION 12.16 WAIVERS OF JURY TRIAL. THE CREDIT PARTIES, THE ADMINISTRATIVE AGENT AND THE
LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

SECTION 12.17 Confidentiality. The Administrative Agent and Lender shall hold all Confidential
Information confidential in accordance with its customary procedure for handling confidential information of this nature and (in the case of a Lender that is a bank) in accordance with safe and sound banking practices; provided, that
Confidential Information may be disclosed by the Administrative Agent or Lender: 
 (a) as required by any governmental agency or
representative thereof (including, without limitation, public disclosures by the Administrative Agent, Lender, or any of their Related Parties required by the SEC or any other governmental or regulatory authority); 

(b) pursuant to legal process; 

(c) in connection with the enforcement of any rights or exercise of any remedies by the Administrative Agent or Lender under this Agreement or
any other Credit Document or any action or proceeding relating to this Agreement or any other Credit Document; 
 (d) to the Administrative
Agent’s or Lender’s attorneys, professional advisors, independent auditors or Affiliates, 
 (e) in connection with: 

(i) the establishment of any special purpose funding vehicle with respect to the Loans, 

(ii) any Securitization permitted under Section 12.08; 

(iii) any prospective assignment of, or participation in, its rights and obligations pursuant to Section 12.06, to
prospective assignees or Participants, as the case may be; 
 (iv) any Hedging Transaction entered into or proposed to be entered into in
connection with the Loans made hereunder, to actual or proposed direct or indirect contractual counterparties; and 

  
 110 

 (v) any actual or proposed credit facility for loans, letters of credit or other extensions
of credit to or for the account of the Administrative Agent or Lender or any of its Affiliates, to any Person providing or proposing to provide such loan, letter of credit or other extension of credit or any agent, trustee or representative of such
Person; or 
 (f) with the consent of the Borrower; 

provided, that in the case of clause (e) hereof, the Person to whom Confidential Information is so disclosed is advised of and has been directed to
comply with the provisions of this Section 12.17. 
 For purposes of this Section, “Confidential Information” means all
information received from a Credit Party or any Subsidiary, whether directly or from a Credit Party or a Subsidiary’s managers, officers, employees, attorneys, agents, or other advisors, relating to the Credit Parties or any Subsidiary or any
of their respective businesses, other than any such information that is available to the Administrative Agent or any Secured Party on a nonconfidential basis prior to disclosure by or on behalf of such Credit Party or any Subsidiary. 

Notwithstanding the foregoing, (A) each of the Administrative Agent, the Lenders and any Affiliate thereof is hereby expressly permitted by the Credit
Parties to refer to any Credit Party and any of their respective Subsidiaries in connection with any promotion or marketing undertaken by the Administrative Agent, Lender or Affiliate and, for such purpose, the Administrative Agent, Lender or
Affiliate may utilize any trade name, trademark, logo or other distinctive symbol associated with such Credit Party or such Subsidiary or any of their businesses and (B) any information that is or becomes generally available to the public
(other than as a result of prohibited disclosure by the Administrative Agent or Lender) shall not be subject to the provisions of this Section 12.17. 

EACH LENDER ACKNOWLEDGES THAT CONFIDENTIAL INFORMATION (AS DEFINED IN THIS SECTION 12.17) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY
INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE
SECURITIES LAWS. 
 ALL INFORMATION, INCLUDING WAIVERS AND AMENDMENTS, FURNISHED BY THE CREDIT PARTIES OR THE ADMINISTRATIVE AGENT
PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE CREDIT PARTIES AND THEIR RELATED PARTIES OR THEIR
RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE CREDIT PARTIES AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW. 

  
 111 

 SECTION 12.18 Press Releases, etc. Each Credit
Party will not, and will not permit any of its respective Subsidiaries, directly or indirectly, to publish any press release or other similar public disclosure or announcements (including any marketing materials) regarding this Agreement, the other
Credit Documents, the Transaction Documents, or any of the Transactions, without the consent of the Administrative Agent, which consent shall not be unreasonably withheld. 

SECTION 12.19 Releases of Guarantees and Liens. (a) Notwithstanding anything to the
contrary contained herein or in any other Credit Document, the Administrative Agent is hereby irrevocably authorized by each Secured Party (without requirement of notice to or consent of any Secured Party except as expressly required by
Section 12.01) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by
any Credit Document or that has been consented to in accordance with Section 12.01 or (ii) under the circumstances described in paragraph (b) below. 

(a) At such time as (i) the Loans and the other Obligations (other than Unasserted Contingent Obligations) shall have been paid in full
and (ii) the Commitments have been terminated, the Collateral shall be released from the Liens created by the Security Documents, and the Security Documents and all pledges and obligations (other than those expressly stated to survive such
termination) of the Administrative Agent and each Credit Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person. 

(b) Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release its interest in particular types or items of property, or to release any guarantee obligations pursuant to this Section 12.19. In each case as specified in this Section 12.19,
the Administrative Agent will (and each Lender irrevocably authorizes the Administrative Agent to), at the Borrower’s request and expense, (i) execute and deliver any termination statements, lien releases, discharges of security interests,
and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably necessary to release, as of record, the Administrative Agent’s Liens and all notices of security interests and liens previously filed by
the Administrative Agent and (ii) deliver all possessory collateral in the Administrative Agent’s possession, custody or control to the Borrower (or the Borrower’s designee), and (iii) execute and deliver to the applicable Credit
Party such other documents as such Credit Party may reasonably request to evidence the release of such item of Collateral or obligation from the assignment, lien or security interest granted under the Security Documents, in each case in accordance
with the terms of the Credit Documents and this Section 12.19. 

SECTION 12.20 USA Patriot Act. Each Lender hereby notifies each Credit Party that pursuant to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies the Credit Parties,
which information includes the name and address of each Credit Party 

  
 112 

 
and other information that will allow such Lender to identify each Credit Party in accordance with the Patriot Act. Each Credit Party agrees to provide all such information to the Lenders upon
request by the Administrative Agent at any time, whether with respect to any Person who is a Credit Party on the Closing Date or who becomes a Credit Party thereafter. 

SECTION 12.21 No Fiduciary Duty. Each Credit Party, on behalf of itself and its Subsidiaries,
agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Credit Parties, their respective Subsidiaries and Affiliates, on the one hand, and the Administrative Agent, the
Lenders and their respective Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative Agent, the Lenders or their respective Affiliates,
and no such duty will be deemed to have arisen in connection with any such transactions or communications. 

SECTION 12.22 Authorized Officers. The execution of any certificate requirement hereunder by an
Authorized Officer shall be considered to have been done solely in such Authorized Officer’s capacity as an officer of the applicable Credit Party (and not individually). Notwithstanding anything to the contrary set forth herein, the Secured
Parties shall be entitled to rely and act on any certificate, notice or other document delivered by or on behalf of any Person purporting to be an Authorized Officer of a Credit Party and shall have no duty to inquire as to the actual incumbency or
authority of such Person. 
 SECTION 12.23 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is
an EEA Financial Institution, and (b) the effects of any Bail-in Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability,
(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it,
and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Credit Document, or (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 [SIGNATURE PAGES FOLLOW] 

  
 113 

 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Agreement to
be duly executed and delivered as of the date first above written. 
  

									
	BORROWER:	 		 	 MINERVA SURGICAL, INC.,
 a
Delaware corporation

				
		 		 	By:	 	/s/ David Clapper
		 		 		 	Name:	 	David Clapper
		 		 		 	Title:	 	President and Chief Executive Officer

  
 [Signature Page to Credit
Agreement] 

									
	ADMINISTRATIVE AGENT:	 		 	ARES CAPITAL CORPORATION
				
		 		 	By:	 	/s/ Scott Lem
		 		 		 	Name:	 	Scott Lem
		 		 		 	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

 Schedule 1.01(a) 

Commitments 
  

									
	 Lender
	  	Initial Term Loan
Commitments	 	  	DDTL Commitments	 
	 Ares Capital Corporation
	  	$	29,625,000.00	 	  	$	9,875,000.00	 
	 Ares Direct Finance I LP
	  	$	375,000.00	 	  	$	125,000.00	 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	30,000,000	 	  	$	10,000,000	 
		  	  
	  
	 	  	  
	  
	 

 Schedule 12.02 

Addresses for Notices 
 If to the Credit Parties:

 Minerva Surgical, Inc. 
 101 Saginaw Drive 

Redwood City, CA 94063 
 Attention: Dave Clapper, Chief Executive
Officer 
 Email: daveclapper@minervasurgical.com 
 with a copy
to: 
 Wilson Sonsini Goodrich & Rosati 
 701 Fifth
Avenue, Suite 5100 
 Seattle, WA 98104 
 Attention: Philip
Oettinger 
 Email: poettinger@wsgr.com 
 If to the Agent: 

Ares Capital Corporation 
 2000 Avenue of the Stars, 12th Floor

 Los Angeles, CA 90067 
 Attention: Doug Dieter 

Email: ddieter@aresmgmt.com 
 with a copy to: 

Morgan, Lewis & Bockius LLP 
 101 Park Avenue 

New York, New York 10178 
 Attention: Kate Weinstein 

Email: katherine.weinstein@morganlewis.com 

 EXHIBIT A-1 

FORM OF ASSIGNMENT AND ACCEPTANCE 

Date:                      
  , 20 
 Reference is made to the Credit Agreement, dated as of December 30, 2019 (as amended, restated, amended and
restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among ARES CAPITAL CORPORATION, a Maryland corporation, as administrative agent for the Lenders (in such capacity, together with
its successors and assigns in such capacity, “Administrative Agent”) and MINERVA SURGICAL, INC. (“Borrower”). 

Unless otherwise defined herein, capitalized terms used herein and defined in the Credit Agreement shall have the meanings given to them in
the Credit Agreement. 
 1. The Assignor identified on Schedule 1 hereto (the “Assignor”) and the Assignee
identified on Schedule l hereto (the “Assignee”) agree as follows: 
 2. For an agreed consideration, the Assignor
hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably purchases and assumes from the Assignor, without recourse to the Assignor, subject to and in accordance with the terms and
conditions of the Credit Agreement, as of the Effective Date (as defined below), the interest described in Schedule 1 hereto (the “Assigned Interest”) in and to the Assignor’s rights and obligations under the
Credit Agreement and any other documents or instruments delivered pursuant thereto with respect to the Commitments (the “Assigned Commitments”) or Loans (the “Assigned Facilities”), as applicable,
contained in the Credit Agreement as are set forth on Schedule 1 hereto, in a principal amount for each such Assigned Commitments or Assigned Facilities, as applicable, as set forth on Schedule 1 hereto. 

3. The Assignor (x) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the
Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the
transactions contemplated hereby and (y)(i) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or with respect to the
execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Credit Document or any other instrument or document furnished pursuant thereto, other than that the Assignor has not created any
adverse claim upon the interest being assigned by it hereunder and that such interest is free and clear of any such adverse claim; (ii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of
any Borrower, any Subsidiary or any other Loan Party or the performance or observance by any Borrower, any Subsidiary or any other Loan Party of any of their respective obligations under the Credit Agreement or any other Loan Document or any other
instrument or document furnished pursuant hereto or thereto; and (iii) attaches any promissory notes held by it evidencing the Assigned Facilities (“Notes”) and (A) requests that the Administrative Agent, upon
request by the Assignee, exchange the attached Notes for a new Note or Notes payable to the Assignee and (B) 

  
 Exhibit A-1 - 1 

 if the Assignor has retained any interest in the Assigned Facilities, requests that the Administrative Agent
exchange the attached Notes for a new Note or Notes payable to the Assignor, in each case in amounts which reflect the assignment being made hereby (and after giving effect to any other assignments which have become effective on the Effective Date
(defined below)). 
 4. The Assignee (a) represents and warrants that (i) it has full power andauthority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement and (ii) it meets all the requirements to be an assignee under
Section 12.06(a) and (b) of the Credit Agreement (subject to such consents, if any, as may be required under Section 12.06(a) of the Credit Agreement); (b) confirms that (i) it has received a copy of the Credit Agreement,
together with copies of the financial statements delivered pursuant to Section 8.01 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and
Acceptance, (ii) that it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest,
is experienced in acquiring assets of such type; and (iii) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest; (c) agrees that it will, independently and without reliance upon the Assignor, the Administrative Agent or any other Lender and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, the other Loan Documents or any other instrument or document
furnished pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement, the other Loan Documents or any other
instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (e) agrees that it will be bound by the provisions of the
Credit Agreement as a Lender thereunder, and to the extent of the Assigned Interest, and shall perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender. 

5. The effective date of this Assignment and Acceptance shall be the Effective Date of Assignment described in Schedule 1 hereto (the
“Effective Date”). Following the execution of this Assignment and Acceptance, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the Credit Agreement,
effective as of the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than five (5) Business Days after the date of such acceptance and recording by the Administrative Agent). 

6. Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of the
Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to the Effective Date and to the Assignee for amounts which have accrued subsequent to the Effective Date. 

  
 Exhibit A-1 - 2 

 7. From and after the Effective Date, (a) the Assignee shall be a party to the Credit
Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and under the other Loan Documents and shall be bound by the provisions thereof and (b) the Assignor shall, to the
extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement. 

8. This Assignment and Acceptance shall be governed by and construed in accordance with the laws of the State of New York, without reference
to conflicts of law provisions. 
 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance to be executed as of
the date first written above by their respective duly authorized officers on Schedule 1 hereto. 

  
 Exhibit A-1 - 3 

 Schedule 1 

to Assignment and Acceptance 
 Name of Assignor:
[____] 
 Name of Assignee: [____] 
 Effective
Date of Assignment: [___], 20[____] 
  

							
	Assigned Interest	  	Principal	  	Percentage of the applicable	  	Purchase Price for Assignment
	[Initial Term Loan
Commitment]	  	 Amount
 Assigned
	  	 [Assigned Commitment]
 [Assigned
Loan]
	  	$[_______]
	[DDTL Commitment]	  		  		  	
				
	[Initial Term Loan]	  	$                	  	        .         %	  	
	[Delayed Draw Term Loan]	  		  		  	
	
	                                   
                 

 [_____], as
Assignor                [____], as Assignee 
  

									
	 By:
	 	 	 		 	 By:
	 	 
	 Name:
	 		 		 	 Name:
	 	
	 Title:
	 		 		 	 Title:
	 	
		 		 		 	 Assignee’s Address for Notices

  
 Exhibit A-1 - 4 

													
	 Accepted and Consented to:
	 		 	 [Consented To:

			
	 ARES CAPITAL CORPORATION,
as Administrative Agent
	 		 	 MINERVA SURGICAL, INC.,
as
Borrower1

					
	By:	 	                	 		 	By:	 	            
		 	Name:	 		 		 		 	Name:	 	
		 	Title:	 		 		 		 	Title:	 	

  
  

	1 	 To the extent required under the Credit Agreement. 

  
 Exhibit A-1 - 5 

 EXHIBIT C-1 

FORM OF COMPLIANCE CERTIFICATE 

[______________] 
 This
certificate is delivered pursuant to Section 8.01(d) of the Credit Agreement, dated as of December 30, 2019 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “Credit
Agreement”), among MINERVA SURGICAL, INC., a Delaware corporation (the “Borrower”), the Persons signatory thereto as guarantors or hereafter designated as Guarantors pursuant thereto, the lenders from time
to time party hereto (each a “Lender” and, collectively, the “Lenders”), ARES CAPITAL CORPORATION, a Maryland corporation (“Ares”), as administrative agent and collateral
agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”). Unless otherwise defined herein, capitalized terms used herein and in the attachments hereto
shall have the meanings provided in the Credit Agreement. 
 The Borrower hereby certifies, on behalf of the Credit Parties, that as of the
date hereof, [no Default or Event of Default has occurred and is continuing] [a Default/an Event of Default has occurred and is continuing and set forth on Attachment 4 are the details specifying such Default or Event of Default and the
action taken or to be taken with respect thereto]. The Borrower hereby further certifies, on behalf of the Credit Parties, that as of                 ,
20         (the“Computation Date”): 
 The financial statements
delivered with this Certificate in accordance with Section 8.01 of the Credit Agreement have been prepared in accordance with GAAP, as applicable, and present fairly in all material respects the financial position and results of operations of
the Credit Parties at the respective dates of such information and for the respective periods covered thereby, subject in the case of unaudited financial information, to changes resulting from normal year end audit adjustments and to the absence of
footnotes. 
 As of the Computation Date, there are no material liabilities of any Credit Party of any kind whatsoever, whether accrued,
contingent, absolute, determined, determinable or otherwise, and there is no existing condition, situation or set of circumstances which could reasonably be expected to result in any such liabilities, other than those liabilities provided for or
disclosed in the financial statements delivered with this Certificate in accordance with Section 8.01 of the Credit Agreement. 
 The
Net Revenue of the Credit Parties on a consolidated basis as of the last day of the Test Period ending on the Computation Date was $        . Pursuant to Section 9.13(a) of the Credit Agreement,
the Net Revenue for such period must be at least $         for such Test 
 Period. 

 Attachment 1 hereto contains the changes, if any, in the identity of the Subsidiaries
from those identified to the Administrative Agent since [the Closing Date]2 [the date of the most recent Compliance Certificate delivered to the Administrative Agent]. 

Attachment 2 hereto contains a written supplement, if any, substantially in the form of Schedules
1-5 to the Collateral Disclosure Letter, as applicable, to the Security Agreement with respect to any additional assets and property acquired by any Credit Party [after the Closing Date]3 [since the date of the most recent Compliance Certificate delivered to the Administrative Agent], in reasonable detail and each such written supplement shall be deemed to immediately and
automatically amend such Schedule as then in effect. 
 Attachment 3 hereto contains a written supplement, if any, updating Schedules
[1.01(b)], [1.01(c)4], [7.12], [7.15], [7.22], [7.23], [7.25], [7.30], and [7.31] to the Disclosure Letter and each such written supplement shall be deemed to immediately and automatically amend
such Schedule as then in effect. 
  
  

	2 	 To only be included for the first delivery of the Compliance Certificate only. 

	3 	 To only be included for the first delivery of the Compliance Certificate only. 

	4 	 Including delivery of copies of (x) each Material Contract entered into since the Closing Date or the most
recently delivered Compliance Certificate, as applicable and (y) each material amendment or modification of any Material Contract since the Closing Date or the most recently delivered Compliance Certificate, as applicable.

  
 [Remainder of page
intentionally left blank] 

 The foregoing information is true, complete and correct as of the Computation Date. 

 

					
	MINERVA SURGICAL, INC.
		
	By:	 	            
		 	Name:	 	
		 	Title:	 	

  
 [Minerva - Signature Page
to Compliance Certificate] 

 Attachment 1 

(to     /    /     

Compliance Certificate) 
 CHANGES
IN IDENTITY OF THE SUBSIDIARIES 

 Attachment 2 

(to     /    /     

Compliance Certificate) 

UPDATES/SUPPLEMENTS TO CERTAIN SCHEDULES OF THE COLLATERAL 

DISCLOSURE LETTER 
 An updated Schedule
[__] to the Collateral Disclosure Letter 

 Attachment 3 

(to     /    /     

Compliance Certificate) 

UPDATES/SUPPLEMENTS TO CERTAIN SCHEDULES OF THE DISCLOSURE LETTER  

An updated Schedule [__] of the Disclosure Letter 

 Attachment 4 

(to     /    /     

Compliance Certificate) 
 DETAILS
SPECIFYING DEFAULT OR EVENT OF DEFAULT 
 AND THE ACTION TAKEN OR TO BE TAKEN WITH RESPECT THERETO 

 EXHIBIT D-1 

FORM OF DDTL NOTE 
  

			
	$[__________]	  	[________ __], 20[____]

 FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby unconditionally promises
to pay to [______________], a [____________] or its registeredassigns (the “Holder”), in lawful money of the United States and in immediately available funds, the principal amount of (a) [______________] DOLLARS
($[______________]), or, if less,(b) the unpaid principal amount of the Delayed Draw Term Loan of the Holder outstanding under the Credit Agreement (as defined below). The principal amount of this DDTL Note (as amended, restated, amended and
restated, supplemented or otherwise modified, this “Note”) shall be paid in the amounts and on the dates specified in the Credit Agreement to the account designated by the Administrative Agent (as defined below). The Borrower
further agrees to pay interest in like money to the Administrative Agent pursuant to Section 2.08(f) of the Credit Agreement on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the
Credit Agreement. 
 This Note is (a) one of the promissory notes referred to in the Credit Agreement, dated as of December 30,
2019 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the other Credit Parties from time to time party thereto, the lenders from
time to time party thereto (each a “Lender” and, collectively, the “Lenders”), and ARES CAPITAL CORPORATION, a Maryland corporation (“Ares”), as administrative agent and
collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”), (b) subject to the provisions of the Credit Agreement and (c) subject to
optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Credit Documents. Reference is hereby made to the Credit Documents for a description of the properties
and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the Holder in respect
thereof. 
 Upon the occurrence of any one or more of the Events of Default, all principal and all accrued interest then remaining unpaid on
this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. 
 All parties now
and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. 

Unless otherwise defined herein, capitalized terms defined in the Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement. 

 NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT,
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH SECTION 12.06 OF THE CREDIT AGREEMENT. 
 THIS NOTE AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
 [Signature page
follows.] 

 
					
	MINERVA SURGICAL, INC.
		
	By:	 	            
		 	Name:	 	
		 	Title:	 	

  
 [Minerva – Signature
Page to DDTL Note] 

 EXHIBIT G-1 

FORM OF GUARANTEE AGREEMENT 

GUARANTEE AGREEMENT (this “Guarantee”), dated as
of                    ,         , made by each of the signatories hereto (together with any
other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of ARES CAPITAL CORPORATION, a Maryland corporation (“Ares”), as administrative agent and collateral
agent for the lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”) acting pursuant to this Guarantee for the benefit of the Secured Parties. 

W I T N E S S E T H: 
 WHEREAS,
pursuant to the Credit Agreement, dated as of December 30, 2019 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among Minerva Surgical,
Inc., a Delaware corporation (the “Borrower”), its Subsidiaries signatory thereto as guarantors or hereafter designated as Guarantors pursuant to Section 8.11 of the Credit Agreement, the lenders from time to time
party thereto (each a “Lender” and, collectively, the “Lenders”), and Ares, as Administrative Agent for the Lenders, the Lenders have severally agreed to make loans and other financial accommodations
to the Borrower upon the terms and subject to the conditions set forth therein; 
 WHEREAS, the Borrower is a member of an affiliated group
of companies and each Guarantor is a Subsidiary of the Borrower; 
 WHEREAS, the proceeds of the loans and other financial accommodations
under the Credit Agreement will be used as permitted thereunder; 
 WHEREAS, the Borrower and the other Guarantors are engaged in related
businesses, and each Guarantor will derive substantial direct and indirect benefits from the making of the loans and other financial accommodations under the Credit Agreement; and 

WHEREAS, it is a condition precedent to the obligation of the Lenders to make and continue making their respective loans and other financial
accommodations to the Borrower under the Credit Agreement that the Guarantors shall have executed and delivered this Guarantee to the Administrative Agent for the benefit of the Secured Parties; 

NOW, THEREFORE, in consideration of these premises and to induce the Lenders to make and continue making their respective loans and other
financial accommodations to the Borrower under the Credit Agreement, each Guarantor hereby agrees with the Administrative Agent, for the benefit of the Secured Parties, as follows: 

DEFINITIONS 
 Definitions. Unless
otherwise defined herein, terms defined in the Credit Agreement or the Security Agreement and used herein shall have the meanings given to them in the Credit Agreement or the Security Agreement, as applicable. 

 Other Definitional Provisions. (1) The words “hereof,”
“herein”, “hereto” and “hereunder” and words of similar import when used in this Guarantee shall refer to this Guarantee as a whole and not to any particular provision of this Guarantee, and Section and Schedule
references are to this Guarantee unless otherwise specified. 
 The meanings given to terms defined herein shall be equally applicable to
both the singular and plural forms of such terms. 
 GUARANTEE 

Guarantee. (2) Each of the Guarantors hereby, jointly with the other Guarantors and severally, absolutely, unconditionally and
irrevocably guarantees, as primary obligor and not merely as surety, to the Administrative Agent for the benefit of the Secured Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and
performance by the Borrower when due (whether at the stated maturity, by acceleration, mandatory prepayment or otherwise) of the Guaranteed Obligations. For purposes hereof, “Guaranteed Obligations” means the unpaid “Obligations”
(as defined under the Credit Agreement), including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity thereof and interest accruing at the then applicable rate provided in the
Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such
proceeding, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, the Security Agreement or any other Credit
Document, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the
other Secured Parties that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements). 
 Anything
herein or in any other Credit Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under the other Credit Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under
applicable federal and state laws, including, without limitation, those federal and state laws relating to the insolvency of debtors (after giving effect to the right of contribution established in Section 2.2). 

Each Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the amount of the liability of such
Guarantor hereunder without impairing this Guarantee or affecting the rights and remedies of any Secured Party hereunder. 
 This Guarantee
shall remain in full force and effect until the Termination Date (as defined in the Security Agreement) occurs, notwithstanding that from time to time during the term of the Credit Agreement no Guaranteed Obligations may be outstanding. 

No payment made by the Borrower, any of the Guarantors or any other Person or received or collected by any Secured Party from the Borrower,
any of the Guarantors or any other Person by virtue of any action or proceeding or any set-off or appropriation or application 

  
 5 

 at any time or from time to time in reduction of or in payment of the Guaranteed Obligations shall be deemed
to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Guaranteed Obligations or any payment received or
collected from such Guarantor in respect of the Guaranteed Obligations), remain liable for the Obligations up to the maximum liability of such Guarantor hereunder until the Termination Date occurs. 

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate
share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of
contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Secured Parties, and each Guarantor shall remain
liable to the Secured Parties for the full amount guaranteed by such Guarantor hereunder. 
 No Subrogation. Notwithstanding any
payment made by any Guarantor hereunder or any set-off or application of funds of any Guarantor by any Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of any Secured Party
against the Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by any Secured Party for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or
reimbursement from the Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until the Termination Date occurs. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time prior
to the Termination Date, such amount shall be held by such Guarantor for the benefit of Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Administrative Agent
in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Administrative Agent, if required), to be applied against the Guaranteed Obligations, whether matured or unmatured, as the Administrative Agent may determine in
accordance with Section 5.02 of the Credit Agreement. 
 Modification of the Guaranteed Obligations. Each Guarantor shall remain
obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Guaranteed Obligations made by any Secured Party may be
rescinded by such Secured Party and any of the Guaranteed Obligations continued, and the Guaranteed Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset
with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by any Secured Party, and the Credit Agreement and the other Credit Documents, and
any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem advisable
from time to time, and any collateral security, guarantee or right of offset at any time held by any Secured Party for the payment of the Guaranteed Obligations may be sold, exchanged, waived, surrendered or released. No Secured Party shall have any
obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Guaranteed Obligations or for this Guarantee or any property subject thereto. 

  
 6 

 Guarantee Absolute and Unconditional. Each Guarantor waives to the fullest extent
permitted by applicable law any and all notice of the creation, renewal, extension or accrual of any of the Guaranteed Obligations and notice of or proof of reliance by any Secured Party upon this Guarantee or acceptance of the guarantee contained
in this Section 2. The Guaranteed Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon this Guarantee and all dealings between the
Borrower and any of the Guarantors, on the one hand, and the Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon this Guarantee. Each Guarantor, to the fullest extent permitted
by applicable law, waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Borrower or any of the Guarantors with respect to the Guaranteed Obligations. Each Guarantor waives, to the fullest
extent permitted by law, any right such Guarantor may now have or hereafter acquire to revoke, rescind, terminate or limit (except as expressly provided herein) this Guarantee or any of its obligations hereunder. Each Guarantor understands and
agrees, to the fullest extent permitted by applicable law, that this Guarantee shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity or enforceability of the Credit Agreement or
any other Credit Document, any of the Guaranteed Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by any Secured Party, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) which may at any time be available to or be asserted by the Borrower or any other Person against any Secured Party, or (c) any other
circumstance whatsoever (with or without notice to or knowledge of the Borrower or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrower with respect to any Guaranteed Obligations, or
of such Guarantor under this Guarantee, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, any Secured Party may, but shall be under no obligation
to, make a similar demand on or otherwise pursue such rights and remedies as it may have against the Borrower, any other Guarantor or any other Person or against any collateral security or guarantee for the Guaranteed Obligations or any right of
offset with respect thereto, and any failure by any Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from the Borrower, any other Guarantor or any other Person or to realize upon any such
collateral security or guarantee or to exercise any such right of offset, or any release of the Borrower, any other Guarantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Guarantor of any
obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of any Secured Party against any Guarantor. For the purposes hereof, “demand” shall
include the commencement and continuance of any legal proceedings. 
 Reinstatement. This Guarantee shall continue to be effective,
or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Guaranteed Obligations is rescinded or must otherwise be restored or returned by any Secured Party upon the insolvency, bankruptcy, dissolution,
liquidation or reorganization of the Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any Guarantor or any substantial part of its
property, or otherwise, all as though such payments had not been made. 

  
 7 

 Payments. Each Guarantor hereby guarantees that payments hereunder will be paid to
the Administrative Agent without set-off or counterclaim in Dollars at the location specified pursuant to the Credit Agreement. 

REPRESENTATIONS AND WARRANTIES 
 Each Guarantor
hereby represents and warrants to each Secured Party as of the date hereof and as of the date of making of each Loan that: 

Representations in Credit Agreement. In the case of each Guarantor, all representations and warranties set forth in Article VII of the
Credit Agreement which relate to or are contemplated to be made by any Credit Party are hereby incorporated herein by reference, are true and correct in all material respects as of the date on which such representations and warranties are made or
deemed made pursuant to the Credit Agreement (provided, that any representation or warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects on such
respective dates), and each Secured Party shall be entitled to rely on each of them as if they were fully set forth herein. 
 Other
Representations. (3) Each Guarantor has knowledge of each other Credit Party’s financial condition and affairs and it has adequate means to obtain from each Credit Party, on an ongoing basis, information relating thereto and to such
Credit Party’s ability to pay and perform the Guaranteed Obligations, and agrees to assume the responsibility for keeping, and to keep, so informed for so long as this Guarantee is in effect. Each Guarantor acknowledges and agrees that the
Secured Parties shall have no obligation to investigate the financial condition or affairs of any Credit Party for the benefit of such Guarantor nor to advise such Guarantor of any fact respecting, or any change in, the financial condition or
affairs of any other Credit Party that might become known to any Secured Party at any time, whether or not such Secured Party knows or believes or has reason to know or believe that any such fact or change is unknown to such Guarantor, or might (or
does) materially increase the risk of such Guarantor as guarantor, or might (or would) affect the willingness of such Guarantor to continue as a guarantor of the Guaranteed Obligations. 

It is in the best interests of each Guarantor to execute this Guarantee inasmuch as such Guarantor will derive substantial direct and indirect
benefits from the Loans, other Credit Extensions and other financial accommodations made to the Borrower by the Secured Parties pursuant to the Credit Documents, and each Guarantor agrees that the Secured Parties are relying on this representation
in agreeing to make Loans, other Credit Extensions and other financial accommodations to the Borrower. 

  
 8 

 COVENANTS. 

Each Guarantor covenants and agrees with the Secured Parties that, from and after the date hereof until the Termination Date: 

Covenants in Credit Agreement. Each Guarantor hereby agrees and covenants to (a) do each of the things set forth in the Credit
Agreement that a Credit Party agrees and covenants to do and/or, in the case of each Guarantor that is a Subsidiary, that a Credit Party agrees and covenants to cause its Subsidiaries and/or any Guarantor to do, and (b) to not do each of the
things set forth in the Credit Agreement that a Credit Party agrees and covenants not to do and/or, in the case of each Guarantor that is a Subsidiary, that a Credit Party agrees and covenants to cause its Subsidiaries and/or any Guarantor not to
do, in each case, fully as though such Guarantor was a party thereto, and such agreements and covenants are incorporated herein by this reference, mutatis mutandis. 

MISCELLANEOUS 
 Amendments in Writing.
None of the terms or provisions of this Guarantee may be waived, amended, supplemented or otherwise modified except in accordance with Section 12.01 of the Credit Agreement. 

Notices. All notices, requests and demands to or upon the Administrative Agent or any Guarantor hereunder shall be effected in the
manner provided for in Section 12.02 of the Credit Agreement. 
 No Waiver by Course of Conduct; Cumulative Remedies. No Secured
Party shall by any act (except by a written instrument pursuant to Section 5.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No
failure to exercise, nor any delay in exercising, on the part of any Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude
any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by any Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which such
Secured Party would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 

Successors and Assigns. This Guarantee shall be binding upon the successors and assigns of each Guarantor and shall inure to the
benefit of the Administrative Agent and the other Secured Parties and their successors and assigns; provided, that no Guarantor may assign, transfer or delegate any of its rights or obligations under this Guarantee without the prior written
consent of the Administrative Agent. 
 Set-Off. Each Guarantor hereby irrevocably authorizes
the Administrative Agent and each Secured Party at any time and from time to time after the occurrence and during the continuance of an Event of Default, upon any amount becoming due and payable by such Guarantor hereunder (whether at the stated
maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other
credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Secured Party to or for the credit or the account of such Guarantor, or any
part thereof in such amounts as Administrative Agent or such Secured 

  
 9 

 Party may elect, against and on account of the obligations and liabilities of such Guarantor to
Administrative Agent or such Secured Party, whether arising hereunder, under the Credit Agreement, or any other Credit Document to which such Guarantor is a party, as Administrative Agent or such Secured Party may elect, whether or not any Secured
Party has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured, in each case, for application in the order of priority set forth in the Credit Agreement. Each Secured Party, or
Administrative Agent on their behalf, shall notify such Guarantor promptly of any such set-off and the application made by such Secured Party of the proceeds thereof; provided, that the failure to give
such notice shall not affect the validity of such set-off and application. The rights of each Secured Party under this Section are in addition to other rights and remedies (including, without limitation, other
rights of set-off) which such Secured Party may have. 
 Counterparts. This Guarantee may be
executed by one or more of the parties to this Guarantee on any number of separate counterparts (including by telecopy, PDF and/or other electronic form), and all of said counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of an executed counterpart to this Guarantee by facsimile transmission or by electronic mail in pdf format shall be as effective as delivery of a manually executed counterpart hereof. 

Severability. Any provision of this Guarantee which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. 
 Section Headings. The Section headings used in this Guarantee are for convenience of reference only and
are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 Integration. This Guarantee
and the other Credit Documents represent the entire agreement of the Guarantors and the Secured Parties with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any party hereto
relative to the subject matter hereof and thereof not expressly set forth or referred to herein or in the other Credit Documents. 

Survival. All representations and warranties made by the Guarantors in this Guarantee and in the certificates or other instruments
delivered in connection with or pursuant to this Guarantee shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Guarantee and the making of the Loans, regardless of any
investigation made by any such other party or on its behalf and notwithstanding that Administrative Agent or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any
credit is extended under the Credit Agreement, and shall continue in full force and effect as long as the principal of or any accrued interest on any loan or any fee or any other amount payable under the Credit Agreement is outstanding and unpaid
and so long as the Commitments have not expired or terminated. 

  
 10 

 GOVERNING LAW. THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 Submission To Jurisdiction; Waivers. Each Guarantor hereby irrevocably and
unconditionally: 
 agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or
equity, whether in contract or in tort or otherwise, against any Secured Party of the foregoing in any way relating to this Guarantee or the transactions relating hereto, in any forum other than the courts of the State of New York sitting in New
York County, and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees
that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such federal court; 

consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the
venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or
any substantially similar form of mail), postage prepaid, to such Guarantor at its address referred to in Section 0 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; 

agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right
to sue in any other jurisdiction; and 
 waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in
any legal action or proceeding referred to in this Section 0 any special, exemplary, punitive or consequential damages. 

Acknowledgements. Each party hereto hereby acknowledges that: 

it has been advised by counsel in the negotiation, execution and delivery of this Guarantee and the other Credit Documents to which it is a
party; 
 no Secured Party has any fiduciary relationship with or duty to any Guarantor arising out of or in connection with this Guarantee
or any of the other Credit Documents, and the relationship between the Guarantors, on the one hand, and the Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 

no joint venture is created hereby or by the other Credit Documents or otherwise exists by virtue of the transactions contemplated hereby
among the Secured Parties or among the Guarantors and the Secured Parties. 

  
 11 

 Termination. This Guarantee is a continuing guarantee and shall remain in full force
and effect until the Termination Date. 
 Additional Guarantors. Each Subsidiary of any Credit Party that is required to become a
party to this Guarantee pursuant to Section 8.11 of the Credit Agreement and is not a signatory hereto shall become a Guarantor for all purposes of this Guarantee upon execution and delivery by such Subsidiary of an Assumption Agreement in the
form of Annex I hereto. 
 Releases of Guarantees. (4) The Administrative Agent shall release and take any action requested by
Borrower or any Guarantor having the effect of or evidencing the release of releasing any Guarantor’s obligations hereunder to the extent permitted pursuant to Section 12.19 of the Credit Agreement. 

On the Termination Date, this Guarantee and all obligations (other than those expressly stated to survive such termination) of the
Administrative Agent and each Guarantor under this Guarantee shall terminate, all without delivery of any instrument or performance of any act by any party or Person. 

WAIVER OF JURY TRIAL. EACH GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, THE ADMINISTRATIVE AGENT AND EACH BENEFICIARY, HEREBY
IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTEE OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

Marshaling. Neither the Administrative Agent nor any other Secured Party shall be required to marshal any present or future collateral
security (including but not limited to the Collateral) for, or other assurances of payment of, the Guaranteed Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order, and all of the
rights and remedies of the Secured Parties hereunder and of the Secured Parties in respect of such collateral security and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising.
To the extent that it lawfully may, each Guarantor hereby agrees that it will not invoke any law relating to the marshaling of collateral which might cause delay in or impede the enforcement of the Administrative Agent’s rights and remedies
under this Guarantee or under any other instrument creating or evidencing any of the Guaranteed Obligations or under which any of the Guaranteed Obligations is outstanding or by which any of the Guaranteed Obligations is secured or payment thereof
is otherwise assured, and, to the extent that it lawfully may, each Guarantor hereby irrevocably waives the benefits of all such laws. 

[Signature Page Follows.] 

  
 12 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to be duly executed
and delivered as of the date first above written. 
  

					
	[__________], as a Guarantor
		
	By:	 	            
		 	Name:	 	
		 	Title:	 	

  

					
	[__________], as a Guarantor
		
	By:	 	            
		 	Name:	 	
		 	Title:	 	

  
 [Minerva—Signature
Page to Guarantee Agreement] 

					
	ACCEPTED:
	
	ARES CAPITAL CORPORATION
		
	By:	 	            
		 	Name:	 	
		 	Title:	 	

  
 [Minerva - Signature Page
to Guarantee Agreement] 

 Annex I 

to 
 Guarantee Agreement 

ASSUMPTION AGREEMENT (this “Assumption Agreement”), dated as of
                    , 20        , made by
                            , a
                             corporation (the “Additional Guarantor”), in
favor of ARES CAPITAL CORPORATION, a Maryland corporation (“Ares”), as administrative agent (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”) acting pursuant
to this Assumption Agreement for the benefit of the Secured Parties (as defined in the Credit Agreement referred to below). All capitalized terms not defined herein shall have the meaning ascribed to them in the Credit Agreement. 

W I T N E S S E T H : 

WHEREAS, Minerva Surgical, Inc., a Delaware corporation (“Borrower”), its Subsidiaries signatory thereto as Guarantors
or thereafter designated as Guarantors pursuant to Section 8.11 of the Credit Agreement, the lenders from time to time party thereto (each a “Lender” and, collectively, the “Lenders”), and Ares,
as Administrative Agent for the Lenders, have entered into a Credit Agreement, dated as of December 30, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”); 
 WHEREAS, in connection with the Credit Agreement, certain Subsidiaries of the Borrower have entered into the
Guarantee Agreement, dated as of                 ,          (as amended,restated, amended and restated,
supplemented or otherwise modified from time to time, the “Guarantee Agreement”) in favor of the Administrative Agent, for the benefit of the Secured Parties; 

WHEREAS, the Credit Agreement requires the Additional Guarantor to become a party to the Guarantee Agreement; and 

WHEREAS, the Additional Guarantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Guarantee
Agreement; 
 NOW, THEREFORE, IT IS AGREED: 

Guarantee Agreement. By executing and delivering this Assumption Agreement, the Additional Guarantor, as provided in Section 5.15
of the Guarantee Agreement, hereby becomes a party to the Guarantee Agreement as a Guarantor thereunder with the same force and effect as if originally named therein as a Guarantor and, without limiting the generality of the foregoing, hereby
(a) jointly with the other Guarantors and severally, absolutely, unconditionally and irrevocably guarantees, as primary obligor and not merely as surety, to the Administrative Agent, for the benefit of the Secured Parties and their respective
successors, indorsees, transferees and assigns, the prompt and complete payment and performance by the Borrower when due (whether at the stated maturity, by acceleration, mandatory prepayment or otherwise) of the Guaranteed Obligations, and
(b) expressly assumes all obligations and liabilities of a Guarantor thereunder. The Additional Guarantor hereby represents and warrants that, with 

 respect to the Additional Guarantor, each of the representations and warranties contained in Section 3
of the Guarantee Agreement is true and correct in all material respects on and as of the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. 

GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK. 
 No Novation or Release. Nothing in this Assumption Agreement shall be construed to release any other
Guarantor at any time party to the Guarantee Agreement from its obligations and liabilities thereunder or otherwise affect any of such other Guarantor’s obligations or liabilities under any Credit Document. 

IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written.

  

					
	[ADDITIONAL GUARANTOR],
	a                             
		
	By:	 	            
		 	Name:	 	             

		 	Title:	 	             

  
 [Minerva - Signature Page
to Guarantee Agreement] 

 EXHIBIT N-1 

NOTICE OF BORROWING 
 Ares Capital
Corporation, 
 as Administrative Agent 
 2000 Avenue of the
Stars, 12th Floor 
 Los Angeles, CA 90067 
 Attention:
agency@aresmgmt.com 
 Ladies and Gentlemen: 

This Notice of Borrowing is delivered to you as of [___], [___] pursuant to Section 2.03 of the Credit Agreement, dated as of
December 30, 2019 (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among MINERVA SURGICAL, INC., a Delaware corporation (the
“Borrower”), its Subsidiaries signatory thereto as guarantors or thereafter designated as Guarantors pursuant to Section 8.11 of the Credit Agreement, the lenders from time to time party thereto (each a
“Lender” and, collectively, the “Lenders”), and ARES CAPITAL CORPORATION, a Maryland corporation (“Ares”), as administrative agent and collateral agent for the Lenders
(in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”). Unless otherwise defined herein, capitalized terms used herein and defined in the Credit Agreement shall have the
meanings provided in the Credit Agreement. 
 1. The Borrower hereby requests that on [___], [___], a[n] [Initial Term Loan] [Delayed Draw
Term Loan] be made in the aggregate principal amount of ___________ ($____) as [a][an] [ABR Loan] [Eurodollar Loan withinterest payable in accordance with the Credit Agreement), with the proceeds of such Loan to be disbursed in accordance with
Section 4 hereto. 
 2. The Borrower hereby acknowledges that, pursuant to Section 6.02(a) of the Credit Agreement, the acceptance
by the Borrower for the benefit of the Credit Parties of the proceeds of the Loans requested hereby constitutes a representation and warranty by the Borrower, on behalf of each Credit Party, that, on the date of such Credit Extension (both
immediately before and after giving effect thereto and to the application of the proceeds thereof) all the statements set forth in Section 6.02(a) of the Credit Agreement are true and correct [in all material respects (except where such
representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date); provided, that any representation or warranty that is
qualified as to “materiality”, “Material Adverse Effect” or similar language are true and correct in all respects on such respective dates]5. 

 
  

	5 	 To be included for borrowing of Delayed Draw Term Loan. 

 3. The Borrower agrees that if, prior to the time of the Borrowings requested hereby, any
matter certified to herein by them will not be true and correct in all [material]6 respects at the date of such Borrowings as if then made, they will immediately so notify the Administrative
Agent. Except to the extent, if any, that prior to the time of the Borrowings requested hereby, the Administrative Agent shall receive written notice to the contrary from the Borrower, each matter certified to herein shall be deemed to be certified
as true and correct [in all material respects]7 at the date of such Borrowings. 
 4.
Please wire transfer the proceeds of the Borrowings [to the following account and financial institution] [for the initial Notice of Borrowing; in accordance with that certain Letter of Direction and Flow of Funds to be delivered to the
Administrative Agent]: 
 Bank Name: [__________________] 

Bank Address: [________________] 

Account Name:  [_______________] 

Account No.:  [_________________] 

ABA No.: [____________________] 

Attention: [____________________] 
  

 

	6 	 To be included for borrowing of Delayed Draw Term Loan. 

	7 	 To be included for borrowing of Delayed Draw Term Loan. 

  
 [Remainder of page
left intentionally blank.] 

 The Borrower has caused this Notice of Borrowing to be executed and delivered as of the date
first written above. 
  

			
	MINERVA SURGICAL, INC.
		
	By:	 	                
	Name:	 	
	Title:	 	

  
 [Minerva – Signature
Page to Notice of Borrowing] 

 EXHIBIT N-2 

FORM OF NOTICE OF CONVERSION OR CONTINUATION 

Ares Capital Corporation, 
 as Administrative Agent 

[245 Park Avenue, 44th Floor 
 New York, New York 10167 

Attention: __________] 
 Ladies and Gentlemen: 

This Notice of Conversion or Continuation is delivered to you as of
[                    ], 20[____] pursuant to Section 2.06 of the Credit Agreement, December 30, 2019 (as amended, restated, amended and
restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among MINERVA SURGICAL, INC., a Delaware corporation (the “Borrower”), its Subsidiaries signatory
thereto as guarantors or thereafter designated as Guarantors pursuant to Section 8.11 of the Credit Agreement, the lenders from time to time party thereto (each a “Lender” and, collectively, the
“Lenders”), and ARES CAPITAL CORPORATION, a Maryland Corporation (“Ares”), as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors and
assigns in such capacity, the “Administrative Agent”). Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein and defined in the Credit Agreement shall have the meanings given to them
in the Credit Agreement. 
 The Borrower hereby requests8 that
on                             , 20        9, 

$                       
 .00 of the currently outstanding principal amount of the [Initial Term Loan] [Delayed Draw Term Loan] originally made on
                    , 20        , 

all currently being maintained as [ABR][Eurodollar] Loans, 

be [converted into][continued as], 

[ABR Loans] [Eurodollar Loans with an Interest Period of [__] months (which shall be 1, 2, 3 or 6 months). 

Except to the extent, if any, that prior to the time of the continuation or conversion requested hereby the Administrative Agent shall receive
written notice to the contrary from the Borrower, each matter certified to herein shall be deemed to be certified as true and correct in all respects at the date of such continuation or conversion as if then made. 

 
  

	8 	 Such request to be made prior to 1:00 p.m. (New York time) at least three Business Days (or one Business Day in
the case of a conversion into ABR Loans) (and in either case on not more than five Business Days) prior to the proposed conversion or continuation. 

	9 	 Such date to be a Business Day. 

 The Borrower has caused this Notice of Conversion or Continuation to be executed and
delivered as of the date first written above. 
  

					
	MINERVA SURGICAL, INC.
		
	By:	 	                
		 	Name:	 	
		 	Title:	 	

  
 [Minerva – Signature
Page to Notice of Continuation or Conversion] 

 EXHIBIT T-1 

FORM OF TERM LOAN NOTE 
  

			
	$[_____________]	  	[_________ __], 20[____]

 FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby unconditionally promises
to pay to [__________________], a [____________] or its registeredassigns (the “Holder”), in lawful money of the United States and in immediately available funds, the principal amount of (a) [______________] DOLLARS
($[________]), or, if less,(b) the unpaid principal amount of the Term Loans of the Holder outstanding under the Credit Agreement (as defined below). The principal amount of this Term Loan Note (as amended, restated, amended and restated,
supplemented or otherwise modified, this “Note”) shall be paid in the amounts and on the dates specified in the Credit Agreement to the account designated by the Administrative Agent (as defined below). The Borrower further
agrees to pay interest in like money to the Administrative Agent pursuant to Section 2.08(f) of the Credit Agreement on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Credit
Agreement. 
 This Note (a) is one of the promissory notes referred to in the Credit Agreement, dated as of December 30, 2019 (as
amended, restated, amended and restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the other Credit Parties from time to time party thereto, the lenders from time to
time party thereto (each a “Lender” and, collectively, the “Lenders”), and ARES CAPITAL CORPORATION, a Maryland corporation (“Ares”), as administrative agent and
collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”), (b) is subject to the provisions of the Credit Agreement and (c) is subject to
optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Credit Documents. Reference is hereby made to the Credit Documents for a description of the properties
and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the Holder in respect
thereof. 
 Upon the occurrence of any one or more of the Events of Default, all principal and all accrued interest then remaining unpaid on
this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. 
 All parties now
and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. 

Unless otherwise defined herein, capitalized terms defined in the Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement. 

 NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT,
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH SECTION 12.06 OF THE CREDIT AGREEMENT. 
 THIS NOTE AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

[Signature page follows.] 

 
					
	MINERVA SURGICAL, INC.
		
	By:	 	                
		 	Name:	 	
		 	Title:	 	

  
 [Minerva – Signature
Page to Term Loan Note] 

 EXHIBIT P-1 

FORM OF PERFECTION CERTIFICATE 

FOR 
 [_______________]. 

[_________] 
 To: ARES CAPITAL CORPORATION, as
Administrative Agent 
 To assist you in evaluation of the financing that you are considering on our behalf, to expedite the preparation of
any documentation which may be required, and to induce you to provide such financing, the undersigned in [his/her] capacity as an Authorized Officer of [__________], a [__________] (the “Company”) delivers on behalf of the
Company this certificateto Ares Capital Corporation, a Maryland corporation (“Ares”), as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity,
the “Administrative Agent”). 
 In connection with the Credit Agreement, the undersigned in [his/her] individual
capacity as an Authorized Officer of the Company and not in [his/her] individual capacity submits and represents the following information as of the date first written above: 

All disclosures made herein supersede any and all other disclosures made with respect to the matters herein. 

1. THE COMPANY 
  

	a.	 The full and exact legal name (as it appears on its certificate or articles of organization, operating
agreement, or similar organizational documents, in each case as amended to date), the jurisdiction of organization , the state issued organization identification number and federal taxpayer identification number of the Company is as follows:

  

							
	Name of Company	  	Jurisdiction of
Organization	  	Organization
Identification
Number	  	Federal Taxpayer
Identification
Number
	 	  	 	  	 	  	 

  

	b.	 During the past five (5) years, the Company has not been a party to any merger, consolidation, acquisition
or purchase of a substantial portion of the assets of any person or entity, change in form, nature, or jurisdiction of organization, except as follows (if none, so state): 

 

			
	Type of Transaction	  	Date Concluded
	 	  	 

 The following is a list of all other names (including legal names, as well as trade names or
similar appellations) used by the Company, now or at any time during the past five (5) years, together with the dates such names were used (if none, so state): 
  

			
	Name	  	Date Used
	 	  	 

  

	c.	 The Company was incorporated on [_______], under the laws of [_______], and it is in good standing under those
laws. The Borrower has qualified to do business in the following states and is in good standing under the laws of those states: 

[_______]. 
  

	d.	 The Company has ownership interests in, the following entities (including subsidiaries and joint ventures) (if
none, so state): 

  

					
	Name and Address	  	Type of Operation	  	Ownership Percentage or
Relationship
	 	  	 	  	 

 2. LOCATIONS OF COMPANY 
  

	a.	 The current chief executive office address and the preferred mailing address of Company’s mailing address
is as follows: 

  

			
	Address of Chief Executive Office	  	Mailing Address (if different)
	 	  	 

  

	b.	 The following is a list of each chief executive office address used by the Company in the past five
(5) years (if different from above) together with the dates such addresses were used (if none, so state): 

  

	c.	 The following are all locations where the Company maintains (or within the past four (4) months have
maintained) any equipment, inventory, books, records, or other tangible property (including county and ZIP code): 

  

	d.	 The following are the names and addresses of all warehousemen, bailees, or consignees who have possession of
any collateral (including inventory and equipment) of the Company, including the name and address of such bailee and the location of such inventory and equipment: 

UNUSUAL TRANSACTIONS/SPECIAL TYPES OF COLLATERAL 
  

	a.	 Except as listed below, (i) all accounts have been originated by the Company, and all inventory and
equipment have been acquired by the Company, in the ordinary course of business, (ii) with respect to the accounts receivable of the company, none of the account debtors is a governmental authority, and none are Medicare or Medicaid,
(iii) none of the assets of the Company consist of aircraft or aircraft accessories, ships, as-extracted collateral (i.e. oil), timber to be cut, farm or agricultural products, or railcars:

	b.	 The following are all of the registered patents, trademarks, servicemarks, and copyrights, or applications
therefor, of the Company: 

 Patents: 
  

									
	Description	 		  	Application/Patent No.	 		  	Issue Date
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 

 Trademarks, Tradenames and Servicemarks: 

 

									
	Description	 		  	Application/Registration No.	 		  	Issue Date
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 

 Copyrights: 
  

									
	Description	 		  	Application/Registration No.	 		  	Issue Dates
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 
	 	 		  	 	 		  	 

  

	c.	 The following are all the licenses or similar agreements to use trademarks, patents and copyrights of others:

	d.	 The Company owns the following kinds of assets: 

 

					
	Franchises, marketing agreements, or similar agreements:	  	Yes         	  	No         
			
	Stocks, bonds, or other securities (including, for the avoidance of doubt, securities accounts):	  	Yes         	  	No         
			
	New drug applications, abbreviated new drug applications, biologics license applications, drug master files, investigational new drug applications:	  	Yes         	  	No         
			
	Promissory notes, or other instruments or evidence of indebtedness in favor of such person:	  	Yes         	  	No         
			
	Leases of equipment, security agreements naming such person as secured party, or other chattel paper:	  	Yes         	  	No         
			
	Aircraft:	  	Yes         	  	No         
			
	Vessels, boats or ships:	  	Yes         	  	No         
			
	Railroad rolling stock:	  	Yes         	  	No         
			
	Motor Vehicles or similar certificated collateral:	  	Yes         	  	No         

 If the answer is yes to any of the above, please provide a detailed description of such assets as well as copies of
any recent certificates, agreements or other documents relating thereto. 
  

	d.	 The following are all banks or savings accounts institutions at which the Company maintains any deposit
accounts or securities accounts: 

  

							
	Name of
Institution	  	Account
Number	  	Branch
Address	  	Account Name and
Description of
Account
	 	  	 	  	 	  	 

  

	e.	 The following are all of the providers of credit card clearinghouse or credit card processing services to the
Company: 

  

	f.	 Attached hereto as Schedule 3(f) is a copy of all governmental permits and/or licenses held by the
Company, including any new drug applications or abbreviated new drug applications, whether approved or pending approval. 

 OWNERSHIP
OF THE COMPANY 
 There is no agreement of the owners of the Company nor any provision in the governing documents of the Company requiring any vote or
consent of the equity holders to authorize the creation of a security interest in any assets of the Company or any subsidiary, except (describe, if any): 

The following collectively own 100% of the equity interests of the Company: 
  

			
	Name	  	Ownership Percentage
	 	  	 

 ADDITIONAL INFORMATION 

The Company has the following employee benefit plans (pension, profit sharing, etc.): 

The Company is not a party to any collective bargaining or other agreement with any organization or representative of any of its employees, except (if none,
so state): 
 The following is a list of all known hazardous or toxic waste storage or dump sites on any premises owned or leased by the Company or any of
its subsidiaries and a description of the nature of the substances located thereon and the type of facility: 
 The Company’s fiscal year end is: 

Below provides the following information for any current indebtedness of the Company that is to be paid for at the closing of the proposed financing: each
creditor’s name and the approximate amount of such indebtedness to be paid off. Copies of the principal transaction documents related to such indebtedness have been provided under separate cover. 

 

			
	Creditor’s Name	  	Contact Person (with phone, fax, and email)
	 	  	 

 There are no tax liens or judgments against the Company, except as follows (if none, so state): 

[Remainder of page intentionally left blank] 

 By the execution and delivery hereof, I hereby represent and warrant to you in my capacity
as an Authorized Officer of the Company and not in my individual capacity that all of the foregoing information is true, correct, and complete in all material respects as of the date hereof. 

IN WITNESS WHEREOF, the undersigned has executed this Perfection Certificate as of the date first written above. 

 

			
	Very truly yours,
	
	[___________]
		
	By:	 	                               
 
	Name:
	Title:

 Execution Version 

WAIVER AND AMENDMENT NO. 1 TO CREDIT AGREEMENT 

This WAIVER AND AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated as of January 4, 2021 and effective as of December 31, 2020 (this
“Amendment”), is by and among MINERVA SURGICAL, INC., a Delaware corporation (the “Borrower”), the other Credit Parties party hereto, the Lenders party hereto and ARES CAPITAL
CORPORATION, a Maryland corporation (“ARCC”), as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative
Agent”). For purposes of this Amendment, all terms used herein which are not otherwise defined herein, including but not limited to those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the
Amended Credit Agreement (as defined below). 
 WHEREAS, the Administrative Agent, Lenders, Borrower and other Credit Parties
have entered into financing arrangements pursuant to which the Lenders (or Administrative Agent on behalf of the Lenders) have made and may make Loans and provide other financial accommodations to the Borrower as set forth in the Credit Agreement,
dated as of December 30, 2019 (as in effect prior to the effectiveness of this Amendment, the “Credit Agreement”, and as the same is amended by this Amendment and as may be further amended, restated, supplemented or
otherwise modified from time to time, the “Amended Credit Agreement”), by and among the Administrative Agent, Lenders, Borrower and other Credit Parties and the other Credit Documents, including, without limitation, this
Amendment; 
 WHEREAS, an Event of Default is continuing under the Credit Agreement as a result of the Borrower’s failure to
comply with Section 8.01(c) thereof for the fiscal year ending December 31, 2019 (the “Existing Default”); 

WHEREAS, the Borrower, the Administrative Agent, and the Lenders desire to provide a waiver of the Existing Default and amend certain
provisions of the Credit Agreement, as provided more fully herein. 
 NOW THEREFORE, in consideration of the foregoing premises and
the mutual agreements and covenants contained in the Credit Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1. Waiver. Subject to the conditions to effectiveness set forth in
Section 4 hereof, and in reliance upon the representations and warranties made by the Credit Parties in Section 3 hereof, the Administrative Agent and the Lenders hereby waive the Existing Default.
The foregoing waiver is granted only in this specific instance and for the specific purpose for which it is given, shall not entitle the Borrower or any other Credit Party to any other or further waiver, modification or consent in any similar or
other circumstance and shall not establish any course of dealing between the parties hereto or create any obligation, commitment or agreement of the Administrative Agent or any of the Lenders with respect to any future restructuring, modification,
amendment, waiver, consent or forbearance with respect to the Obligations, the Collateral or any of the Credit Documents. 

 Section 2. Amendments to the Credit Agreement.
Subject to the conditions to effectiveness set forth in Section 4 hereof, and in reliance upon the representations and warranties made by the Credit Parties in Section 3 hereof, pursuant to
Section 12.01 of the Credit Agreement and subject to the terms and conditions herein, the Credit Agreement is hereby amended as set forth below in this Section 2. 

2.01. Section 1.01 of the Credit Agreement is hereby amended: 

(a) by amending and restating in its entirety the definition of “DDTL Commitment Expiration Date” with the following:

 “‘DDTL Commitment Expiration Date’ shall mean June 30, 2021.” 

(b) by inserting the following new definitions in their proper alphabetical order: 

“‘Amendment No. 1’ shall mean that certain Waiver and Amendment No. 1 to Credit Agreement, dated
as of the Amendment No. 1 Effective Date, by and among, inter alios, the Administrative Agent, the Borrower, the other Credit Parties party thereto and the Lenders party thereto.” 

“‘Amendment No. 1 Effective Date’ shall mean December 31, 2020.” 

2.02. Section 4.01(b) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(b) The Borrower agrees to pay to each Lender having a DDTL Commitment a commitment fee (the “Unused DDTL Commitment
Fee”) (i) from the Closing Date to (and not including) the Amendment No. 1 Effective Date, calculated at the per annum rate of 0.50% and (ii) from (and including) the Amendment No. 1 Effective Date to (and not including)
the DDTL Commitment Expiration Date, calculated at the per annum rate of 1.00%, in each case, on the daily balance of the DDTL Commitment of such Lender during each fiscal quarter or portion thereof. The Unused DDTL Commitment Fee shall be payable
quarterly in arrears on the last day of each March, June, September and December, beginning with the fiscal quarter ending March 31, 2020, and on the DDTL Commitment Expiration Date or any earlier date on which the DDTL Commitments shall
terminate. 
 2.03. Section 8.01(c) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(c) Annual Financial Statements. After the Amendment No. 1 Effective Date, as soon as available and in any event within ninety
(90) days, in each case, after the end of each fiscal year of Borrower, copies of the consolidated balance sheets of the Borrower and its Subsidiaries, and the related consolidated and consolidating statements of income and cash flows of the
Borrower and its Subsidiaries for such fiscal year, setting forth in 

  
 2 

 
comparative form (both in Dollar and percentage terms) the figures for the immediately preceding fiscal year, such consolidated statements to be audited and certified accompanied by a report and
unqualified opinion (other than a qualification with respect to “going concern”) of BDO USA, LLP or another independent firm of certified public accountants of nationally recognized standing reasonably acceptable to the Administrative
Agent (which report and opinion shall (x) state that such financial statements present fairly in all material respects the financial position for the periods indicated in conformity with GAAP and (y) not be subject to any exception as to
the scope of the audit), together with a management discussion and analysis (with reasonable detail and specificity) of the results of operations for the fiscal periods reported.” 

Section 3. Representations and Warranties. Each Credit Party, jointly and severally, hereby represents
and warrants to the Lenders and the Administrative Agent as follows, which representations and warranties are continuing and shall survive the execution and delivery hereof: 

3.01. No Default. At and as of the date of this Amendment after giving effect to this Amendment, no Default or Event of Default
is continuing. 
 3.02. Representations and Warranties True and Correct. At and as of the date of this Amendment, after giving
effect to this Amendment, each of the representations and warranties contained in the Credit Agreement and other Credit Documents is true and correct in all material respects (except where such representations and warranties expressly relate to an
earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date). 

3.03. Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute
and deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this
Amendment and the performance of the Amended Credit Agreement. Each Credit Party has duly executed and delivered this Amendment, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements of such Credit Party
enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general
principles of equity (whether considered in a proceeding in equity or law). 
 3.04. No Violation. The execution, delivery and
performance by any Credit Party of this Amendment and the performance of the Amended Credit Agreement, and compliance with the terms and provisions thereof, will not (i) contravene any applicable provision of any material Applicable Law of any
Governmental Authority, (ii) result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any
of the property or assets of any Credit Party (other than Liens created under the Credit Documents) pursuant to (A) the 

  
 3 

 
terms of any material indenture, loan agreement, lease agreement, mortgage or deed of trust, or (B) any other Material Contracts, in the case of either clause (ii)(A) or (ii)(B), to which
any Credit Party is a party or by which it or any of its property or assets is bound, or (iii) violate any provision of the Organization Documents of any Credit Party, except with respect to any conflict, breach or contravention or default (but
not creation of Liens) referred to in clause (ii), to the extent that such conflict, breach, contravention or default could not reasonably be expected to have a Material Adverse Effect. 

3.05. Solvency. On the date hereof after giving effect to this Amendment and the other transactions related thereto, the
Borrower and its Subsidiaries, on a consolidated basis, are Solvent. 
 Section 4. Conditions. This
Amendment shall not become effective until the date on which each of the following conditions is satisfied (or waived by the Required Lenders) (the “Amendment No. 1 Effective Date”): 

4.01. The Administrative Agent shall have received counterparts of this Amendment duly executed by each Credit Party and each other
relevant party to this Amendment; 
 4.02. The representations and warranties contained in Section 3 hereof
shall be true and correct in all material respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and
warranties shall be true and correct in all material respects on and as of such earlier date); and 
 4.03. The Administrative Agent
shall have received all fees, costs and expenses due and payable to it pursuant to Section 5.01 hereof and Section 12.05 of the Amended Credit Agreement (including the reasonable fees, disbursements and other charges
of counsel) for which invoices have been presented prior to the date hereof. 
 Section 5.
Miscellaneous. 
 5.01. Fees and Expenses. The Borrower agrees and acknowledges that all reasonable out-of-pocket costs, fees and expenses incurred by the Administrative Agent in connection with this Amendment, including without limitation the fees, costs and expenses due
and payable to it pursuant to Section 12.05 of the Amended Credit Agreement (including the reasonable fees, disbursements and other charges of counsel), shall be paid by the Credit Parties to the Administrative Agent. 

5.02. No Waiver or Modification. Except to the extent expressly set forth in Section 1 hereof, nothing
contained herein shall be deemed to constitute a waiver of compliance with any term or condition contained in the Credit Agreement or any other Credit Document or constitute a course of conduct or dealing among the parties. The Administrative Agent
and Lenders reserve all rights, privileges and remedies under the Credit Documents. Except as expressly amended hereby, the Credit Agreement and other Credit Documents remain unmodified and in full force and effect in accordance with their
respective terms and are hereby ratified and confirmed in all respects. 

  
 4 

 5.03. Credit Document. This Amendment shall constitute a Credit Document under
and as defined in the Amended Credit Agreement. All references in the Credit Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended hereby. 

5.04. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ANY CLAIM, CONTROVERSY OR
DISPUTE UNDER, ARISING OUT OF OR RELATING TO THIS AMENDMENT, WHETHER BASED IN CONTRACT (AT LAW OR IN EQUITY), TORT OR ANY OTHER THEORY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

5.05. Counterparts. This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts,
each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or
in electronic format (i.e., “pdf” or “tif”) by electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 

5.06. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not affect
the interpretation of this Amendment. 
 5.07. Binding Effect; Assignment. This Amendment shall be binding upon and inure to
the benefit of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders and their respective successors and assigns in accordance with the terms of the Credit Agreement. 

5.08. Integration. This Amendment, the Amended Credit Agreement, and the other Credit Documents incorporate all negotiations of
the parties hereto with respect to the subject matter hereof and thereof and are the final expression and agreement of the parties hereto and thereto with respect to the subject matter hereof and thereof. This Amendment, the Amended Credit
Agreement, and the other Credit Documents represent the agreement of the parties hereto with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any party hereto or thereto
relative to the subject matter hereof or thereof not expressly set forth or referred to herein or therein. 
 5.09.
Reaffirmation. Each Credit Party as debtor, grantor, pledgor, guarantor, assignor, or in any other similar capacity in which such Credit Party grants liens or security interests in its property or otherwise acts as accommodation party or
guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each Credit Document to which it is a party (after giving effect hereto) and (ii) to the extent
such Credit Party granted liens on or security interests in any of its property pursuant to any such Credit Document as security for or otherwise guaranteed the Borrowers’ Obligations under or with respect to the Credit Documents, ratifies and
reaffirms such guarantee and grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby. 

  
 5 

 Section 6. Release. 

6.01. In consideration of the agreements of the Administrative Agent and the Lenders party hereto contained herein and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Credit Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably
releases, remises and forever discharges each of the Secured Parties, its successors and assigns, and its direct and indirect owners, partners, members, managers, consultants, affiliates, subsidiaries, divisions, predecessors, directors, officers,
attorneys, employees, agents and other representatives, and all persons acting by, through, under or in concert with any of them (the Secured Parties and all such other Persons being hereinafter referred to collectively as the
“Releasees” and individually as a “Releasee”) of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills,
reckonings, damages and any and all other claims, counterclaims, defenses, recoupment, rights of setoff, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every
name and nature, known or unknown, contingent or mature, suspected or unsuspected, both at law and in equity, which any Credit Party or any of its respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or
claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, including, without limitation, for or on
account of, or in relation to, or in any way in connection with this Amendment or any of the other Credit Documents or transactions thereunder or related thereto. Notwithstanding anything in this Amendment, the releases set forth in this Amendment
shall not extend to any obligations of the Lenders to make Loans after the date of this Amendment to Borrower in accordance with, and subject to, the terms of the Amended Credit Agreement. 

6.02. Each Credit Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete
defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 

6.03. Each Credit Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may
hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 

6.04. In entering into this Amendment, each Credit Party has consulted with, and has been represented by, legal counsel and expressly
disclaims any reliance on any representations, acts or omissions by any of the Releasees and hereby agrees and acknowledges that the validity and effectiveness of the release set forth above does not depend in any way on any such representations,
acts and/or omissions or the accuracy, completeness or validity hereof. The release set forth herein shall survive the termination of this Amendment and the Credit Documents and the payment in full of the Obligations. 

6.05. Each Credit Party acknowledges and agrees that the release set forth above may not be changed, amended, waived, discharged or
terminated orally. 
 [Remainder of the page intentionally left blank] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

							
	BORROWER:	 		 	 MINERVA SURGICAL, INC.,
 a
Delaware corporation

				
		 		 	By:	 	 /s/ David Clapper

		 		 		 	Name:  David Clapper
		 		 		 	Title:    President and Chief Executive Officer

  
 [Signature Page to Waiver
and Amendment No. 1 to Credit Agreement] 

							
	ADMINISTRATIVE AGENT AND LENDER:	 		 	 ARES CAPITAL CORPORATION,

a Maryland corporation

				
		 		 	By:	 	 /s/ Scott Lem

		 		 		 	Name:  Scott Lem
		 		 		 	Title:    Authorized Signatory

  
 [Signature Page to Waiver
and Amendment No. 1 to Credit Agreement] 

							
	OTHER LENDERS:	 		 	 ARES DIRECT FINANCE I LP, as a Lender

By: Ares Capital Management LLC, its investment manager

				
		 		 	By:	 	 /s/ Scott Lem

		 		 		 	Name:  Scott Lem
		 		 		 	Title:    Authorized Signatory

  
 [Signature Page to Waiver
and Amendment No. 1 to Credit Agreement] 

 EXECUTION VERSION 

AMENDMENT NO. 2 TO CREDIT AGREEMENT 

This AMENDMENT NO. 2 TO CREDIT AGREEMENT, dated as of March 31, 2021 (this “Amendment”), is by and
among MINERVA SURGICAL, INC., a Delaware corporation (the “Borrower”), the other Credit Parties party hereto, the Lenders party hereto and ARES CAPITAL CORPORATION, a Maryland corporation
(“ARCC”), as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”). For purposes of this
Amendment, all terms used herein which are not otherwise defined herein, including but not limited to those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Amended Credit Agreement (as defined below).

 WHEREAS, the Administrative Agent, Lenders, Borrower and other Credit Parties have entered into financing arrangements
pursuant to which the Lenders (or Administrative Agent on behalf of the Lenders) have made and may make Loans and provide other financial accommodations to the Borrower as set forth in the Credit Agreement, dated as of December 30, 2019, as
amended by Waiver and Amendment No. 1 to Credit Agreement, dated as of January 4, 2021 (as in effect prior to the effectiveness of this Amendment, the “Credit Agreement”, and as the same is amended by this Amendment
and as may be further amended, restated, supplemented or otherwise modified from time to time, the “Amended Credit Agreement”), by and among the Administrative Agent, Lenders, Borrower and other Credit Parties and the other
Credit Documents, including, without limitation, this Amendment; 
 WHEREAS, the Borrower, the Administrative Agent, and the Lenders
desire to amend certain provisions of the Credit Agreement, as provided more fully herein. 
 NOW THEREFORE, in consideration of the
foregoing premises and the mutual agreements and covenants contained in the Credit Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows: 
 Section 1. [Intentionally Omitted]. 

Section 2. Amendments to the Credit Agreement. Subject to the conditions to effectiveness set forth in
Section 4 hereof, and in reliance upon the representations and warranties made by the Credit Parties in Section 3 hereof, pursuant to Section 12.01 of the Credit Agreement and subject to the
terms and conditions herein, the Credit Agreement is hereby amended as set forth below in this Section 2. 

2.01. Section 8.01(c) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(c) Annual Financial Statements. After the Amendment No. 1 Effective Date, as soon as available and in any event within ninety
(90) days, or in the case of the fiscal year ending December 31, 2020, one hundred fifty (150) days, in each case, after the end of each fiscal year of Borrower, copies of the consolidated balance sheets of the Borrower and its
Subsidiaries, and the related consolidated and consolidating statements of income and cash 

 
flows of the Borrower and its Subsidiaries for such fiscal year, setting forth in comparative form (both in Dollar and percentage terms) the figures for the immediately preceding fiscal year,
such consolidated statements to be audited and certified accompanied by a report and unqualified opinion (other than a qualification with respect to “going concern”) of BDO USA, LLP or another independent firm of certified public
accountants of nationally recognized standing reasonably acceptable to the Administrative Agent (which report and opinion shall (x) state that such financial statements present fairly in all material respects the financial position for the
periods indicated in conformity with GAAP and (y) not be subject to any exception as to the scope of the audit), together with a management discussion and analysis (with reasonable detail and specificity) of the results of operations for the
fiscal periods reported.” 
 Section 3. Representations and Warranties. Each Credit Party,
jointly and severally, hereby represents and warrants to the Lenders and the Administrative Agent as follows, which representations and warranties are continuing and shall survive the execution and delivery hereof: 

3.01. No Default. At and as of the date of this Amendment after giving effect to this Amendment, no Default or Event of Default
is continuing. 
 3.02. Representations and Warranties True and Correct. At and as of the date of this Amendment, after giving
effect to this Amendment, each of the representations and warranties contained in the Credit Agreement and other Credit Documents is true and correct in all material respects (except where such representations and warranties expressly relate to an
earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date). 

3.03. Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute
and deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this
Amendment and the performance of the Amended Credit Agreement. Each Credit Party has duly executed and delivered this Amendment, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements of such Credit Party
enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general
principles of equity (whether considered in a proceeding in equity or law). 
 3.04. No Violation. The execution, delivery and
performance by any Credit Party of this Amendment and the performance of the Amended Credit Agreement, and compliance with the terms and provisions thereof, will not (i) contravene any applicable provision of any material Applicable Law of any
Governmental Authority, (ii) result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any
of the property or assets 

  
 2 

 
of any Credit Party (other than Liens created under the Credit Documents) pursuant to (A) the terms of any material indenture, loan agreement, lease agreement, mortgage or deed of trust, or
(B) any other Material Contracts, in the case of either clause (ii)(A) or (ii)(B), to which any Credit Party is a party or by which it or any of its property or assets is bound, or (iii) violate any provision of the Organization Documents
of any Credit Party, except with respect to any conflict, breach or contravention or default (but not creation of Liens) referred to in clause (ii), to the extent that such conflict, breach, contravention or default could not reasonably be expected
to have a Material Adverse Effect. 
 3.05. Solvency. On the date hereof after giving effect to this Amendment and the other
transactions related thereto, the Borrower and its Subsidiaries, on a consolidated basis, are Solvent. 

Section 4. Conditions. This Amendment shall not become effective until the date on which each of the
following conditions is satisfied (or waived by the Required Lenders) (the “Amendment No. 1 Effective Date”): 

4.01. The Administrative Agent shall have received counterparts of this Amendment duly executed by each Credit Party and each other
relevant party to this Amendment; 
 4.02. The representations and warranties contained in Section 3 hereof
shall be true and correct in all material respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and
warranties shall be true and correct in all material respects on and as of such earlier date); and 
 4.03. The Administrative Agent
shall have received all fees, costs and expenses due and payable to it pursuant to Section 5.01 hereof and Section 12.05 of the Amended Credit Agreement (including the reasonable fees, disbursements and other charges
of counsel) for which invoices have been presented prior to the date hereof. 
 Section 5.
Miscellaneous. 
 5.01. Fees and Expenses. The Borrower agrees and acknowledges that all reasonable out-of-pocket costs, fees and expenses incurred by the Administrative Agent in connection with this Amendment, including without limitation the fees, costs and expenses due
and payable to it pursuant to Section 12.05 of the Amended Credit Agreement (including the reasonable fees, disbursements and other charges of counsel), shall be paid by the Credit Parties to the Administrative Agent. 

5.02. No Waiver or Modification. Nothing contained herein shall be deemed to constitute a waiver of compliance with any term or
condition contained in the Credit Agreement or any other Credit Document or constitute a course of conduct or dealing among the parties. The Administrative Agent and Lenders reserve all rights, privileges and remedies under the Credit Documents.
Except as expressly amended hereby, the Credit Agreement and other Credit Documents remain unmodified and in full force and effect in accordance with their respective terms and are hereby ratified and confirmed in all respects. 

  
 3 

 5.03. Credit Document. This Amendment shall constitute a Credit Document under
and as defined in the Amended Credit Agreement. All references in the Credit Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended hereby. 

5.04. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ANY CLAIM, CONTROVERSY OR
DISPUTE UNDER, ARISING OUT OF OR RELATING TO THIS AMENDMENT, WHETHER BASED IN CONTRACT (AT LAW OR IN EQUITY), TORT OR ANY OTHER THEORY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

5.05. Counterparts. This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts,
each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or
in electronic format (i.e., “pdf” or “tif”) by electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 

5.06. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not affect
the interpretation of this Amendment. 
 5.07. Binding Effect; Assignment. This Amendment shall be binding upon and inure to
the benefit of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders and their respective successors and assigns in accordance with the terms of the Credit Agreement. 

5.08. Integration. This Amendment, the Amended Credit Agreement, and the other Credit Documents incorporate all negotiations of
the parties hereto with respect to the subject matter hereof and thereof and are the final expression and agreement of the parties hereto and thereto with respect to the subject matter hereof and thereof. This Amendment, the Amended Credit
Agreement, and the other Credit Documents represent the agreement of the parties hereto with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any party hereto or thereto
relative to the subject matter hereof or thereof not expressly set forth or referred to herein or therein. 
 5.09.
Reaffirmation. Each Credit Party as debtor, grantor, pledgor, guarantor, assignor, or in any other similar capacity in which such Credit Party grants liens or security interests in its property or otherwise acts as accommodation party or
guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each Credit Document to which it is a party (after giving effect hereto) and (ii) to the extent
such Credit Party granted liens on or security interests in any of its property pursuant to any such Credit Document as security for or otherwise guaranteed the Borrowers’ Obligations under or with respect to the Credit Documents, ratifies and
reaffirms such guarantee and grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby. 

  
 4 

 [Remainder of the page intentionally left blank] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

							
	BORROWER:	 		 	 MINERVA SURGICAL, INC.,
 a
Delaware corporation

				
		 		 	By:	 	 /s/ David Clapper

		 		 		 	Name:  David Clapper
		 		 		 	Title:    President and Chief Executive Officer

  
 [Signature Page to
Amendment No. 2 to Credit Agreement] 

							
	ADMINISTRATIVE AGENT AND LENDER:	 		 	 ARES CAPITAL CORPORATION,

a Maryland corporation

				
		 		 	By:	 	 /s/ Penni Roll

		 		 		 	Name:  Penni Roll
		 		 		 	Title:    Authorized Signatory

  
 [Signature Page to
Amendment No. 2 to Credit Agreement] 

							
	OTHER LENDERS:	 		 	 ARES DIRECT FINANCE I LP, as a Lender

By: Ares Capital Management LLC, its investment manager

				
		 		 	By:	 	 /s/ Penni Roll

		 		 		 	Name:  Penni Roll
		 		 		 	Title:    Authorized Signatory

  
 [Signature Page to
Amendment No. 2 to Credit Agreement] 

 EXECUTION VERSION 

WAIVER AND AMENDMENT NO. 3 TO CREDIT AGREEMENT 

This WAIVER AND AMENDMENT NO. 3 TO CREDIT AGREEMENT, dated as of July 7, 2021 (this “Amendment”), is by
and among MINERVA SURGICAL, INC., a Delaware corporation (the “Borrower”), the other Credit Parties party hereto, the Lenders party hereto and ARES CAPITAL CORPORATION, a Maryland corporation
(“ARCC”), as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”). For purposes of this
Amendment, all terms used herein which are not otherwise defined herein, including but not limited to those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Amended Credit Agreement (as defined below).

 WHEREAS, the Administrative Agent, Lenders, Borrower and other Credit Parties have entered into financing arrangements
pursuant to which the Lenders (or Administrative Agent on behalf of the Lenders) have made and may make Loans and provide other financial accommodations to the Borrower as set forth in the Credit Agreement, dated as of December 30, 2019, as
amended by that certain Waiver and Amendment No. 1 to Credit Agreement, dated as of January 4, 2021 and as amended by that certain Amendment No. 2 to Credit Agreement, dates as of March 31, 2021 (as in effect prior to the
effectiveness of this Amendment, the “Credit Agreement”, and as the same is amended by this Amendment and as may be further amended, restated, supplemented or otherwise modified from time to time, the “Amended
Credit Agreement”), by and among the Administrative Agent, Lenders, Borrower and other Credit Parties and the other Credit Documents, including, without limitation, this Amendment; 

WHEREAS, an Event of Default is continuing under the Credit Agreement as a result of the Borrower’s failure to comply with
Section 8.01(c) thereof for the fiscal year ending December 31, 2020 (the “Existing Default”); 

WHEREAS, the Borrower, the Administrative Agent, and the Lenders desire to provide a waiver of the Existing Default and amend certain
provisions of the Credit Agreement, as provided more fully herein. 
 NOW THEREFORE, in consideration of the foregoing premises and
the mutual agreements and covenants contained in the Credit Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

Section 1. Waiver. Subject to the conditions to effectiveness set forth in
Section 4 hereof, and in reliance upon the representations and warranties made by the Credit Parties in Section 3 hereof, the Administrative Agent and the Lenders hereby waive the Existing Default.
The foregoing waiver is granted only in this specific instance and for the specific purpose for which it is given, shall not entitle the Borrower or any other Credit Party to any other or further waiver, modification or consent in any similar or
other circumstance and shall not establish any course of dealing between the parties hereto or create any obligation, commitment or agreement of the Administrative Agent or any of the Lenders with respect to any future restructuring, modification,
amendment, waiver, consent or forbearance with respect to the Obligations, the Collateral or any of the Credit Documents. 

Section 2. Amendments to the Credit Agreement. Subject to the conditions to effectiveness set forth in
Section 4 hereof, and in reliance upon the representations and warranties made by the Credit Parties in Section 3 hereof, pursuant to Section 12.01 of the Credit Agreement and subject to the
terms and conditions herein, the Credit Agreement is hereby amended as set forth below in this Section 2. 

 2.01. Section 1.01 of the Credit Agreement is hereby amended: 

(a) by deleting in its entirety the definition of “Exit Fee Equity Value”. 

(a) by amending and restating in its entirety the definition of “Obligations” with the following: 

“Obligations” shall mean all Loans, advances, debts, fees (including, but not limited to the Exit Fee), premiums
(including, but not limited to the Prepayment Premium), liabilities, obligations, covenants and duties owing by any Credit Party to any Lender, Agent, or any other Person required to be indemnified hereunder, that arise under any Credit Document,
whether or not for the payment of money, whether arising by reason of an extension of credit, loan, guaranty, indemnification or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or
to become due, now existing or hereafter arising and however acquired, including all fees, expenses and other amounts accruing during the pendency of any proceeding of the type described in Section 10.01(h), whether or not allowed in such
proceeding. 
 2.02. Section 4.01(c) of the Credit is hereby amended and restated in its entirety as follows: 

“(c) The Borrower shall pay to the Administrative Agent an exit fee (the “Exit Fee”) on the Exit Fee Payment Date,
which Exit Fee shall be earned in full on the Closing Date and due and payable on the earliest to occur (such earliest date, the “Exit Fee Payment Date”) of (A) the Maturity Date and (B) the date on which all the
Obligations are repaid, prepaid or required to be repaid or prepaid in full in cash (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise). The Exit Fee shall be in an amount equal to 6.25% of the principal amount
of the Loans funded under this Agreement (plus all PIK Interest added thereon).” 
 2.03. Section 5.02(j)(ii) of the Credit is
hereby amended and restated in its entirety as follows: 
 (ii) second, ratably, to pay any fees (including, but not limited to, the
Exit Fee, if applicable) or premiums (including, but not limited to, the Prepayment Premium, if applicable) then due to any of the Lenders of any Term Loans until paid in full, 

2.04. Section 5 of the Credit Agreement is hereby amended by inserting a new Section 5.06 at the end thereof as follows: 

SECTION 5.06 Payment on Maturity. The Borrower agrees to repay to the Administrative Agent, for the benefit of the
applicable Lenders, at maturity (whether by acceleration, prepayment, demand or otherwise), the entire remaining outstanding principal balance of all then outstanding Loans, all accrued but unpaid interest thereon, premiums (including, but not
limited to, the Prepayment Premium as required by the terms herein), fees (including, but not limited to, the Exit Fee as required by the terms herein) and all other outstanding Obligations hereunder. 

  
 2 

 2.05. Section 8.01(c) of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
 (c) Annual Financial Statements. After the Amendment No. 1 Effective Date, as soon as available and in
any event within ninety (90) days, or in the case of the fiscal year ending December 31, 2020, two hundred ten (210) days, in each case, after the end of each fiscal year of Borrower, copies of the consolidated balance sheets of the
Borrower and its Subsidiaries, and the related consolidated and consolidating statements of income and cash flows of the Borrower and its Subsidiaries for such fiscal year, setting forth in comparative form (both in Dollar and percentage terms) the
figures for the immediately preceding fiscal year, such consolidated statements to be audited and certified accompanied by a report and unqualified opinion (other than a qualification with respect to “going concern”) of BDO USA, LLP or
another independent firm of certified public accountants of nationally recognized standing reasonably acceptable to the Administrative Agent (which report and opinion shall (x) state that such financial statements present fairly in all material
respects the financial position for the periods indicated in conformity with GAAP and (y) not be subject to any exception as to the scope of the audit), together with a management discussion and analysis (with reasonable detail and specificity)
of the results of operations for the fiscal periods reported. 
 Section 3. Representations and
Warranties. Each Credit Party, jointly and severally, hereby represents and warrants to the Lenders and the Administrative Agent as follows, which representations and warranties are continuing and shall survive the execution and delivery
hereof: 
 3.01. No Default. At and as of the date of this Amendment after giving effect to this Amendment, no Default or
Event of Default is continuing. 
 3.02. Representations and Warranties True and Correct. At and as of the date of this
Amendment, after giving effect to this Amendment, each of the representations and warranties contained in the Credit Agreement and other Credit Documents is true and correct in all material respects (except where such representations and warranties
expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date). 

3.03. Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute
and deliver this Amendment and carry out the terms and provisions of this Amendment and the Amended Credit Agreement and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of this
Amendment and the performance of the Amended Credit Agreement. Each Credit Party has duly executed and delivered this Amendment, and this Amendment and the Amended Credit Agreement constitute the valid and binding agreements of such Credit Party
enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general
principles of equity (whether considered in a proceeding in equity or law). 
 3.04. No Violation. The execution, delivery and
performance by any Credit Party of this Amendment and the performance of the Amended Credit Agreement, and compliance with the terms and provisions thereof, will not (i) contravene any applicable provision of any material Applicable Law of any
Governmental Authority, (ii) result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any
of the property or assets of any Credit Party (other than Liens created under the Credit Documents) pursuant to (A) the terms of any material indenture, loan agreement, lease agreement, mortgage or deed of trust, or (B) any other Material
Contracts, in the case of either clause (ii)(A) or (ii)(B), to which any Credit Party is a party or by which it or any of its property or assets is bound, or (iii) violate 

  
 3 

 
any provision of the Organization Documents of any Credit Party, except with respect to any conflict, breach or contravention or default (but not creation of Liens) referred to in clause (ii), to
the extent that such conflict, breach, contravention or default could not reasonably be expected to have a Material Adverse Effect. 

3.05. Solvency. On the date hereof after giving effect to this Amendment and the other transactions related thereto, the
Borrower and its Subsidiaries, on a consolidated basis, are Solvent. 
 Section 4. Conditions. This
Amendment shall not become effective until the date on which each of the following conditions is satisfied (or waived by the Required Lenders): 

4.01. The Administrative Agent shall have received counterparts of this Amendment duly executed by each Credit Party and each other
relevant party to this Amendment; 
 4.02. The representations and warranties contained in Section 3 hereof
shall be true and correct in all material respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and
warranties shall be true and correct in all material respects on and as of such earlier date); and 
 4.03. The Administrative Agent
shall have received all fees, costs and expenses due and payable to it pursuant to Section 5.01 hereof and Section 12.05 of the Amended Credit Agreement (including the reasonable fees, disbursements and other charges
of counsel) for which invoices have been presented prior to the date hereof. 
 Section 5.
Miscellaneous. 
 5.01. Fees and Expenses. The Borrower agrees and acknowledges that all reasonable out-of-pocket costs, fees and expenses incurred by the Administrative Agent in connection with this Amendment or as otherwise required to be paid to it pursuant to
Section 12.05 of the Amended Credit Agreement (including the reasonable fees, disbursements and other charges of counsel), shall be paid by the Credit Parties to the Administrative Agent. 

5.02. No Waiver or Modification. Except to the extent expressly set forth in Section 1 hereof, nothing
contained herein shall be deemed to constitute a waiver of compliance with any term or condition contained in the Credit Agreement or any other Credit Document or constitute a course of conduct or dealing among the parties. The Administrative Agent
and Lenders reserve all rights, privileges and remedies under the Credit Documents. Except as expressly amended hereby, the Credit Agreement and other Credit Documents remain unmodified and in full force and effect in accordance with their
respective terms and are hereby ratified and confirmed in all respects. 
 5.03. Credit Document. This Amendment shall
constitute a Credit Document under and as defined in the Amended Credit Agreement. All references in the Credit Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended hereby. 

5.04. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ANY CLAIM, CONTROVERSY OR
DISPUTE UNDER, ARISING OUT OF OR RELATING TO THIS AMENDMENT, WHETHER BASED IN CONTRACT (AT LAW OR IN EQUITY), TORT OR ANY OTHER THEORY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
 4 

 5.05. Counterparts. This Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart
of a signature page of this Amendment by facsimile or in electronic format (i.e., “pdf” or “tif”) by electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 

5.06. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not affect
the interpretation of this Amendment. 
 5.07. Binding Effect; Assignment. This Amendment shall be binding upon and inure to
the benefit of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders and their respective successors and assigns in accordance with the terms of the Credit Agreement. 

5.08. Integration. This Amendment, the Amended Credit Agreement, and the other Credit Documents incorporate all negotiations of
the parties hereto with respect to the subject matter hereof and thereof and are the final expression and agreement of the parties hereto and thereto with respect to the subject matter hereof and thereof. This Amendment, the Amended Credit
Agreement, and the other Credit Documents represent the agreement of the parties hereto with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any party hereto or thereto
relative to the subject matter hereof or thereof not expressly set forth or referred to herein or therein. 
 5.09.
Reaffirmation. Each Credit Party as debtor, grantor, pledgor, guarantor, assignor, or in any other similar capacity in which such Credit Party grants liens or security interests in its property or otherwise acts as accommodation party or
guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each Credit Document to which it is a party (after giving effect hereto) and (ii) to the extent
such Credit Party granted liens on or security interests in any of its property pursuant to any such Credit Document as security for or otherwise guaranteed the Borrowers’ Obligations under or with respect to the Credit Documents, ratifies and
reaffirms such guarantee and grant of security interests and liens and confirms and agrees that such security interests and liens hereafter secure all of the Obligations as amended hereby. 

Section 6. Release. 

6.01. In consideration of the agreements of the Administrative Agent and the Lenders party hereto contained herein and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Credit Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably
releases, remises and forever discharges each of the Secured Parties, its successors and assigns, and its direct and indirect owners, partners, members, managers, consultants, affiliates, subsidiaries, divisions, predecessors, directors, officers,
attorneys, employees, agents and other representatives, and all persons acting by, through, under or in concert with any of them (the Secured Parties and all such other Persons being hereinafter referred to collectively as the
“Releasees” and individually as a “Releasee”) of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills,
reckonings, damages and any and all other claims, counterclaims, defenses, recoupment, rights of setoff, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every
name and nature, known or unknown, contingent or mature, suspected or unsuspected, both at law and in equity, which any Credit Party or any of its respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or
claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, including, without limitation, for or on
account of, or in relation to, or in any way 

  
 5 

 
in connection with this Amendment or any of the other Credit Documents or transactions thereunder or related thereto. Notwithstanding anything in this Amendment, the releases set forth in this
Amendment shall not extend to any obligations of the Lenders to make Loans after the date of this Amendment to Borrower in accordance with, and subject to, the terms of the Amended Credit Agreement. 

6.02. Each Credit Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete
defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 

6.03. Each Credit Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may
hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 

6.04. In entering into this Amendment, each Credit Party has consulted with, and has been represented by, legal counsel and expressly
disclaims any reliance on any representations, acts or omissions by any of the Releasees and hereby agrees and acknowledges that the validity and effectiveness of the release set forth above does not depend in any way on any such representations,
acts and/or omissions or the accuracy, completeness or validity hereof. The release set forth herein shall survive the termination of this Amendment and the Credit Documents and the payment in full of the Obligations. 

6.05. Each Credit Party acknowledges and agrees that the release set forth above may not be changed, amended, waived, discharged or
terminated orally. 
 [Remainder of the page intentionally left blank] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

							
	BORROWER:	 		 	 MINERVA SURGICAL, INC.,
 a
Delaware corporation

				
		 		 	By:	 	 /s/ David Clapper

		 		 		 	Name:  David Clapper
		 		 		 	Title:    President and Chief Executive Officer

  
 [Signature Page to
Amendment No. 3 to Credit Agreement] 

							
	ADMINISTRATIVE AGENT AND LENDER:	 		 	 ARES CAPITAL CORPORATION,

a Maryland corporation

				
		 		 	By:	 	 /s/ Scott Lem

		 		 		 	Name:  Scott Lem
		 		 		 	Title:    Authorized Signatory

  
 [Signature Page to
Amendment No. 3 to Credit Agreement] 

							
	OTHER LENDERS:	 		 	 ARES DIRECT FINANCE I LP, as a Lender

By: Ares Capital Management LLC, its investment manager

				
		 		 	By:	 	 /s/ Scott Lem

		 		 		 	Name:  Scott Lem
		 		 		 	Title:    Authorized Signatory

  
 [Signature Page to
Amendment No. 3 to Credit Agreement]

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