Document:

EX-10.13

 Exhibit 10.13 

• 180 GRAND AVENUE • 

• Oakland, California • 

• OFFICE BUILDING LEASE • 

BASIC LEASE INFORMATION 
  

			
	Date of Lease:	  	March 1, 2016
		
	Landlord:	  	MACH 11 180 LLC, 
a Delaware limited liability company
		
	Landlord’s Address For Notices:	  	MACH II 180 LLC 
c/o Ellis Partners LLC 
111 Sutter Street, Suite 800 
San Francisco, California 94104 
Attn: James F. Ellis
		
	Tenant:	  	MARQETA, INC., 
a Delaware corporation
		
	Tenant’s Address For Notices:	  	180 Grand Avenue, 5th Floor 
Oakland, California 94612 
Attn: Gizelle Barany, General Counsel
		
	Building:	  	180 Grand Avenue, Oakland, California
		
	Leased Premises:	  	Approximately 18,774 rentable square feet consisting of the entire 5th Floor of the Building
		
	Rentable Area:	  	
	 Leased Premises:
	  	Approximately 18,774 rentable square feet
	 Building:
	  	Approximately 277,147 rentable square feet
		
	Term Commencement Date:	  	The date that the Tenant Improvements (as defined in Exhibit B) are Substantially Complete (as defined in Exhibit B), estimated to occur on or about July 1, 2016.
		
	Term Expiration Date:	  	The last day of the eighty-seventh (87th) full calendar month after the Term Commencement Date (meaning if the Term Commencement Date shall occur on a date other than the first
day of a calendar month, the Term shall be eighty-seven (87) full calendar months plus a partial month).
		
	Option to Extend:	  	 Number of Extension Periods:        One (l)

Years per Extension Period:        Seven (7)

  
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	Base Rent:	  	 Term Commencement Date through the last day of the 12th full calendar month after the
Term Commencement Date = $75,096.00 per month (based on $4.00 per rentable square foot of Rentable Area of the Leased Premises per month). Notwithstanding the foregoing, no Base Rent shall be payable for three (3) months after the Term
Commencement Date (the “Base Rent Abatement Period’’). The collective Base Rent abatement during the Base Rent Abatement Period is equivalent to $225,288.00.
  

Month 13 through Month 24 = $77,348.88 per month (based on $4.12 per rentable square foot of Rentable Area of the Leased Premises per month).

 
 Month 25 through Month 36 = $79,601.76 per month (based on $4.24 per rentable square
foot of Rentable Area of the Leased Premises per month).
  
 Month 37 through Month 48
= $82,042.38 per month (based on $4.37 per rentable square foot of Rentable Area of the Leased Premises per month).
  

Month 49 through Month 60 = $84,483.00 per month (based on $4.50 per rentable square foot of Rentable Area of the Leased Premises per month).

 
 Month 61 through Month 72 = $87,111.36 per month (based on $4.64 per rentable square
foot of Rentable Area of the Leased Premises per month).
  
 Month 73 through 84 =
$89,739.72 per month (based on $4.78 per rentable square foot of Rentable Area of the Leased Premises per month).
  

Month 85 through Term Expiration Date = $92,368.08 per month (based on $4.92 per rentable square foot of Rentable Area of the Leased Premises per
month).

		
	Base Year:	  	Calendar year 2016
		
	Tenant’s Proportionate Share:	  	Approximately 6.77%

  
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	Parking Spaces:	  	Tenant shall have the right, but not the obligation, to use one (1) unreserved parking space per 1,000 rentable square feet of the Leased Premises, which amounts to a total of nineteen (19) unreserved parking spaces, in
the Building’s adjacent parking structure at the prevailing rates established by Landlord for the Building from time to time (currently $175.00 per unreserved parking space per month). Reserved parking is currently $220.00 per parking space per
month.
		
	Security Deposit:	  	$901,152.00 (which shall be provided in the form of a letter of credit and is subject to reduction [see Section 5.14]).
		
	Guarantor:	  	None
		
	Landlord’s Broker:	  	CBRE, Inc.
		
	Tenant’s Broker:	  	Colliers International

 EXHIBITS: 
  

			
	Exhibit A -	  	 Floor Plan of the Leased Premises

	Exhibit B -	  	 Initial Improvement of the Leased Premises

	Exhibit C -	  	 Confirmation of Term of Lease

	Exhibit D -	  	Building Rules and Regulations

 The foregoing BASIC LEASE INFORMATION is incorporated herein and made a part of the LEASE to which it is
attached. If there is any conflict between the BASIC LEASE INFORMATION and the LEASE, the BASIC LEASE INFORMATION shall control. 

  
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 OFFICE BUILDING LEASE 

THIS OFFICE BUILDING LEASE (this “Lease”) is made as of the date specified in the BASIC LEASE INFORMATION sheet, by and between the
landlord specified in the BASIC LEASE INFORMATION sheet (“Landlord”) and the tenant specified in the BASIC LEASE INFORMATION sheet (“Tenant”). 

Article 1. 
 Definitions

 1.1    Definitions: Terms used herein shall have the following meanings: 

1.2    “Additional Rent” shall mean all monetary obligations of Tenant under this Lease
other than the obligation for payment of Gross Rent. 
 1.3    Intentionally Omitted. 

1.4    “Base Rent” shall mean the minimum monthly rental amounts set forth in the Basic
Lease Information due from time to time as rental for the Leased Premises. 
 1.5    “Base
Year” shall mean the calendar year specified on the Basic Lease Information sheet. 

1.6    “Basic Operating Costs” shall have the meaning given in Section 3.5. 

1.7    “Building” shall mean the building and other improvements associated therewith
identified on the Basic Lease Information sheet. 
 1.8    “Building Standard Improvements”
shall mean the standard materials ordinarily used by Landlord in the improvement of the Building and leased premises within the Building. 

1.9    “Common Areas” shall mean, as applicable, (a) the areas of the Building devoted
to the non-exclusive use and benefit of tenants (and invitees, if applicable), such as common corridors, lobbies, fire vestibules, elevator foyers, stairways, elevators, electric and telephone closets,
restrooms, mechanical closets, janitor closets, loading docks, and other similar facilities, and (b) other areas of the Project available for the non-exclusive use and benefit of tenants (and invitees, if
applicable). 
 1.10    “Computation Year” shall mean a fiscal year consisting of the
calendar year commencing January 1st of the Base Year and continuing through the Term with a short or stub fiscal year in (i) the Base Year for the period between the Term Commencement Date and December 31 of such year (if the Term
Commencement Date is not January 1) and (ii) any partial year in which the Lease expires or is terminated for the period between January 1 of such year and the date of lease termination or expiration (if the Term Expiration Date is not
December 31). 
 1.11    “Gross Rent” shall mean the total of Base Rent and Tenant’s
Proportionate Share of Basic Operating Costs and Tenant’s Proportionate Share of Property Taxes. 

  
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 1.12    “Landlord’s Broker” shall
mean the individual or corporate broker identified on the Basic Lease Information sheet as the broker for Landlord. 

1.13    Intentionally Omitted. 

1.14    Intentionally Omitted. 

1.15    “Leased Premises” shall mean the floor area more particularly shown on the floor
plan attached hereto as Exhibit A, containing the Rentable Area (as such term is defined in Section 1.19 below) specified on the Basic Lease Information sheet. 

1.16    “Permitted Use” shall mean general office and other ancillary office use; provided,
however, that Permitted Use shall not include (a) offices or agencies of any foreign government or political subdivision thereof; (b) offices of any agency or bureau of any state, county or city government; (c) offices of any health
care professionals; (d) schools or other training facilities which are not ancillary to corporate, executive or professional office use; (e) retail, restaurant, church or worship uses; or (f) telephone call centers, data centers, or
internet service provider facilities. 
 1.17    “Project” shall mean the Building,
adjoining parking areas and garages, if any, and Common Areas associated with the Building, and the real property on which the Building and the parking and Common Areas are located. 

1.18    “Rent” shall mean Gross Rent plus Additional Rent. 

1.19    “Rentable Area” shall mean the number of rentable square feet included within the
Building as calculated in accordance with the methods of measuring rentable square feet, as that method is described in the American National Institute Publication ANSI Z65.1-1996, as promulgated by the
Building Owners and Managers Association (the “BOMA Standard”). Tenant and Landlord agree that the rentable square footage in the Leased Premises shall be calculated by measuring the number of usable square feet within the Leased Premises
in accordance with the BOMA Standard and increasing the number of usable square feet by fifteen percent (15%). The Rentable Area of the Leased Premises is agreed for all purposes of this Lease by Tenant and Landlord to be the amount stated on the
Basic Lease Information sheet, subject to remeasurement by Landlord using the BOMA Standard. 

1.20    “Security Deposit” shall mean the amount specified on the Basic Lease Information
sheet to be paid by Tenant to Landlord and held and applied pursuant to Section 5.14. 

1.21    Intentionally Omitted. 

1.22    Intentionally Omitted. 

1.23    “Tenant Improvements” shall have the meaning given in Exhibit B, if any.

 1.24    “Tenant’s Broker” shall mean the individual or corporate broker
identified on the Basic Lease Information sheet as the broker for Tenant. 

  
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 1.25    Intentionally Omitted. 

1.26    “Tenant’s Proportionate Share” is specified on the Basic Lease Information
sheet and is based on the percentage which the Rentable Area of the Leased Premises bears to the total Rentable Area of the Building. 

1.27    “Term” shall mean the period commencing with the Term Commencement Date and ending
at midnight on the Term Expiration Date. 
 1.28    “Term Commencement Date” shall be the
date set forth on the Basic Lease Information sheet. 
 1.29    “Term Expiration Date”
shall be the date set forth on the Basic Lease Information sheet, unless sooner terminated pursuant to the terms of this Lease or unless extended pursuant to the provisions of Section 8.1. 

1.30    Other Terms. Other terms used in this Lease and on the Basic Lease Information sheet shall have the
meanings given to them herein and thereon. 
 Article 2. 

Leased Premises 

2.1    Lease. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Leased Premises
upon all of the terms, covenants and conditions set forth in this Lease. 
 2.2    Acceptance of Leased
Premises. Tenant acknowledges that: (a) it has been advised by Landlord, Landlord’s Broker and Tenant’s Broker, if any, to satisfy itself with respect to the condition of the Leased Premises (including, without limitation, the
HVAC, electrical, plumbing and other mechanical installations, fire sprinkler systems, security, environmental aspects, and compliance with applicable laws, ordinances, rules and regulations) and the present and future suitability of the Leased
Premises for Tenant’s intended use; (b) Tenant has made such inspection and investigation as it deems necessary with reference to such matters and assumes all responsibility therefor as the same relate to Tenant’s occupancy of the
Leased Premises and the Term of this Lease; and (c) neither Landlord nor Landlord’s Broker nor any of Landlord’s agents has made any oral or written representations or warranties with respect to the condition, suitability or fitness
of the Leased Premises other than as may be specifically set forth in this Lease. Tenant accepts the Leased Premises in its AS IS condition existing on the date Tenant executes this Lease, subject to all matters of record and applicable laws,
ordinances, rules and regulations. Tenant acknowledges that neither Landlord nor Landlord’s Broker nor any of Landlord’s agents has agreed to undertake any alterations or additions or to perform any maintenance or repair of the Leased
Premises except for the routine maintenance and janitorial work specified herein and except as may be expressly set forth in Exhibit B. If Landlord, for any reason whatsoever, cannot deliver possession of the Leased Premises to
Tenant on the estimated commencement date in the condition specified in this Section 2.2, Landlord shall neither be subject to any liability nor shall the validity of this Lease be affected; provided, the Term and the obligation to pay Gross
Rent shall commence on the date possession is actually tendered to Tenant (which date shall become the Term Commencement Date) and the Term Expiration Date shall be extended commensurately. If the Term Commencement Date and/or the Term Expiration
Date is other than the Term 

  
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Commencement Date and Term Expiration Date specified in the Basic Lease Information or is not set forth in the Basic Lease Information, the parties shall execute that certain Confirmation of Term
of Lease, substantially in the form of Exhibit C hereto specifying the actual Term Commencement Date, Term Expiration Date and the date on which Tenant is to commence paying Rent. Tenant shall execute and return such Confirmation
of Term of Lease to Landlord within fifteen (15) days after Tenant’s receipt thereof. If Tenant fails to execute and return (or reasonably object in writing to) the Confirmation of Term of Lease within fifteen (15) days after
receiving it, Tenant shall be deemed to have executed and returned it without exception. 
 2.3    Right To
Relocate Leased Premises. At any time during the Term, Landlord shall have the right to relocate Tenant to other premises within the Building which are at least an entire floor in the Building and above the fifth (5th) floor, have the same
approximate area as the Leased Premises, are built-out by Landlord to substantially the same layout, with finishes of equal or better quality, as is in place in the Leased Premises immediately prior to such
relocation, and the same rental rate per square foot as the Leased Premises, upon ninety (90) days prior notice to Tenant. In addition, Tenant’s rights with respect to its signage on the fifth (5th) floor, as provided in Section 4.4
below, shall apply with regard to the floor to which the Leased Premises arc relocated. Any such move to such relocated premises must be completed by Landlord only during a weekend, and at Tenant’s reasonable convenience. Landlord shall lease
the new premises to Tenant on the same terms and conditions as set forth in this Lease, at a Gross Rent no greater than what Tenant is obligated to pay under this Lease prior to such relocation, provided that if the Rentable Area of the new premises
is less than the Rentable Area of the original Leased Premises, there shall be a proportionate adjustment of Gross Rent based on the revised Rentable Area. Landlord shall reimburse Tenant for Tenant’s reasonable out of pocket costs to relocate
Tenant’s inventory, furniture, trade fixtures, and equipment and to install Tenant’s fixtures (or provide new fixtures of the same quality, nature and extent as those in the Leased Premises if, in Landlord’s judgment, it is not
economically feasible to relocate Tenant’s fixtures), within ten (10) business days after the later of (a) Tenant’s submission to Landlord of an itemized list of such out of pocket expenses (accompanied by copies of paid receipts
for each itemized cost) and (b) Tenant’s conducting business in such new premises. The new premises thereafter shall be the “Leased Premises” under this Lease for all purposes and Tenant agrees to execute an amendment to this
Lease memorializing such relocation and modifying this Lease to reflect any change in Rent or other terms. 

2.4    Reservation of Rights. Landlord reserves the right from time to time, to install, use, maintain,
repair, relocate and/or replace pipes, conduits, wires and equipment within and around the Building and the Common Areas and to do and perform such other acts and make such other changes, additions, improvements, repairs and/or alterations in, to or
with respect to the Building and the Project (including without limitation with respect to the driveways, parking areas, walkways and entrances to the Project) as Landlord may, in the exercise of sound business judgment, deem to be appropriate. In
connection therewith, Landlord shall have the right to close temporarily any of the Common Areas while engaged in making any such repairs, improvements or alterations. 

  
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 Article 3. 

Term, Use and Rent 

3.1    Term. Except as otherwise provided in this Lease, the Term shall commence upon the Term Commencement
Date, and unless sooner terminated, shall end on the Term Expiration Date. Subject to Landlord’s reasonable security precautions and factors beyond the reasonable control of Landlord. Tenant shall have access to the Leased Premises twenty-four
(24) hours per day, seven (7) days per week, and fifty-two (52) weeks per year. In addition, notwithstanding the terms of Rule No. 5 in the rules and regulations attached hereto as
Exhibit D, Tenant shall be permitted to install and utilize either a key/card or a biometric security system for entry to the Leased Premises provided Tenant receives Landlord’s prior written approval as to system size, design,
installation and location (which approval Landlord shall not unreasonably withhold or delay) and Tenant also gives Landlord access to the Leased Premises through such system. 

3.2    Use. Tenant shall use the Leased Premises solely for the Permitted Use and for no other use or
purpose. Tenant shall not commit waste, overload the Building’s structure or the Building’s systems or subject the Leased Premises to any use that would damage the Leased Premises. Tenant shall maintain a ratio of not more than the lesser
of (i) one Occupant (as defined below) for each one hundred twenty-five (125) rentable square feet of the Leased Premises, or (ii) any occupancy limit imposed by applicable law. Upon request by Landlord, Tenant shall maintain on a
daily basis an accurate record of the number of employees, visitors, contractors and other people that visit the Leased Premises (collectively “Occupants”). Landlord shall have the right to audit Tenant’s Occupant record and, at
Landlord’s option, Landlord shall have the right to periodically visit the Leased Premises without advance notice to Tenant in order to track the number of Occupants arriving at the Leased Premises. For purposes of this Section 3.2,
“Occupants” shall not include people not employed by Tenant that deliver or pick up mail or other packages or deliver supplies or perform maintenance work at the Leased Premises, employees of Landlord or employees of Landlord’s agents
or contractors. Tenant acknowledges that increased numbers of Occupants causes additional wear and tear on the Leased Premises and the Common Areas, additional use of electricity, water and other utilities, and additional demand for other Building
services. Tenant’s failure to comply with the requirements of this Section 3.2 shall constitute an event of default under Section 7.8 and Landlord shall have the right, in addition to any other remedies it may have at law or equity,
to specifically enforce Tenant’s obligations under this Section. 
 3.3    Base Rent. 

(a)    Tenant shall pay the Base Rent to Landlord in accordance with the schedule set forth on the Basic Lease Information
sheet and in the manner described below. Tenant shall prepay $75,096.00 of Base Rent (to be credited for Base Rent due and payable after the Base Rent Abatement Period, if any, expires) upon execution of this Lease. Tenant shall pay the Gross
Rent (consisting of Base Rent plus, when applicable in accordance with Section 3.4 below, Tenant’s Proportionate Share of Basic Operating Costs and/or Tenant’s Proportionate Share of Property Taxes)) in monthly installments on or
before the first day of each calendar month during the Term and any extensions or renewals thereof, in advance without demand and without any reduction, abatement, counterclaim or setoff, in lawful money of the United States at Landlord’s
address specified on the Basic Lease Information sheet or at such other address as may be designated by Landlord in the manner provided for giving notice under Section 9.11 hereof. 

  
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 (b)    If the Term commences on other than the first day of a month,
then the Base Rent provided for such partial month shall be prorated based upon a thirty (30)-day month. If the Term terminates on other than the last day of a calendar month, then the Gross Rent provided for
such partial month shall be prorated based upon a thirty (30)-day month and the prorated installment shall be paid on the first day of the calendar month in which the date of termination occurs. 

3.4    Tenant’s Proportionate Share of Basic Operating Costs and Property Taxes. 

(a)    Commencing on the Term Commencement Date and continuing through the remainder of the Term, for each Computation
Year after the Base Year Tenant shall pay to Landlord (i) Tenant’s Proportionate Share of the total dollar increase, if any, in Basic Operating Costs attributable to such Computation Year over the Basic Operating Costs attributable to the
Base Year, and (ii) Tenant’s Proportionate Share of the total dollar increase, if any, in Property Taxes attributable to such Computation Year over the Property Taxes attributable to the Base Year. Tenant shall not be entitled to any
credit or refund from Landlord if the Basic Operating Costs or Property Taxes for any Computation Year are less than the Basic Operating Costs or Property Taxes for the Base Year, respectively. 

(b)    During the first Computation Year after the Base Year, on or before the first day of each month during such
Computation Year, Tenant shall pay to Landlord one-twelfth (1/12th) of Landlord’s estimate of the amount payable by Tenant under Section 3.4(a) as set forth in Landlord’s written notice to
Tenant. During the last month of each Computation Year (or as soon thereafter as practicable), Landlord shall give Tenant notice of Landlord’s estimate of the amount payable by Tenant under Section 3.4(a) for the following Computation
Year. On or before the first day of each month during the following Computation Year, Tenant shall pay to Landlord one-twelfth (1/12) of such estimated amount, provided that if Landlord fails to give such
notice in the last month of the prior year, then Tenant shall continue to pay on the basis of the prior year’s estimate until the first day of the calendar month next succeeding the date such notice is given by Landlord; and from the first day
of the calendar month following the date such notice is given, Tenant’s payments shall be adjusted so that the estimated amount for that Computation Year will be fully paid by the end of that Computation Year. If at any time or times Landlord
determines that the amount payable under Section 3.4(a) for the current Computation Year will vary from its estimate given to Tenant, Landlord, by notice to Tenant, may revise its estimate for such Computation Year, and subsequent payments by
Tenant for such Computation Year shall be based upon such revised estimate. 
 (c)    Following the end of each
Computation Year, Landlord shall deliver to Tenant a statement of amounts payable under Section 3.4(a) for such Computation Year. If such statement shows an amount owing by Tenant that is less than the payments for such Computation Year
previously made by Tenant, and if no event of default (as defined below) is outstanding at the time such statement is delivered, Landlord shall credit such amount to the next payment(s) of Gross Rent falling due under this Lease. If such statement
shows an amount owing by Tenant that is more than the estimated payments for such Computation Year previously made by Tenant, 

  
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Tenant shall pay the deficiency to Landlord within fifteen (15) days after delivery of such statement. The respective obligations of Landlord and Tenant under this Section 3.4(c) shall
survive the Term Expiration Date, and, if the Term Expiration Date is a day other than the last day of a Computation Year, the adjustment in Tenant’s Proportionate Share of Basic Operating Costs and in Tenant’s Proportionate Share of
Property Taxes pursuant to this Section 3.4(c) for the Computation Year in which the Term Expiration Date occurs shall be prorated in the proportion that the number of days in such Computation Year preceding the Term Expiration Date bears to
three hundred sixty-five (365). 
 (d)    Landlord shall have the same remedies for a default in the payment of
Tenant’s Proportionate Share of Basic Operating Costs or for a default in the payment of Tenant’s Proportionate Share of Property Taxes as for a default in the payment of Base Rent. 

(e)    Provided that (i) no event of default is then occurring hereunder, nor (ii) is any event occurring which
with the giving of notice or the passage of time, or both, would constitute an event of default, then in the event that Basic Operating Costs allocated to the Building increases by more than ten percent (10%) in any Computation Year as compared to
the immediately preceding Computation Year, Tenant, at its sole expense, shall have the right, exercisable upon delivery of written notice to Landlord within six (6) months after the end of the Computation Year or the receipt of a
reconciliation statement for the Computation Year (if applicable), to review and audit Landlord’s books and records regarding such increase in Basic Operating Costs with respect to such Computation Year for the sole purpose of determining the
accuracy thereof. Such review or audit shall be performed by a nationally recognized accounting firm that calculates its fees with respect to hours actually worked (as opposed to a calculation based upon percentage of recoveries or other incentive
arrangement), shall take place during business hours in the office of Landlord or Landlord’s property manager and shall be completed within sixty (60) days after Tenant’s delivery to Landlord of notice of its election to conduct such
audit. If Tenant does not so review or audit Landlord’s books and records, the Basic Operating Costs for a particular Computation Year shall be final and binding upon Tenant. In the event that such audit of Landlord’s books and records
reveals that the amount of Basic Operating Cost paid by Tenant pursuant to Section 3.4(a), as adjusted pursuant to Section 3.4(c) above, for the period covered by such audit is less than or greater than the actual amount properly payable
by Tenant under the terms of this Lease, Tenant shall promptly pay any deficiency to Landlord or, if Landlord concurs with the results of such audit. Landlord shall promptly refund any excess payment to Tenant, as the case may be. Without limiting
the foregoing, in the event that such audit reveals an overstatement of Basic Operating Costs charged to Tenant in excess of seven percent (7%), Landlord shall reimburse Tenant for the reasonable cost of said audit in addition to refunding any
excess payment to Tenant as provided above. Tenant shall keep any information gained from its review of Landlord’s books and records confidential and shall not disclose it to any other party, except as required by any laws. Prior to being
permitted access to Landlord’s books and records to conduct any audit permitted by the terms of this Section 3.4(e), Tenant’s accounting firm shall execute a confidentiality agreement, in a form reasonably acceptable to Landlord,
pursuant to which Tenant’s accounting firm shall agree (i) to keep any information gained from its review of Landlord’s books and records confidential, (ii) not disclose such information to any other party, except as required by
any laws, and (iii) such other terms and conditions as Landlord may reasonably require. 

  
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 3.5    Basic Operating Costs. 

(a)    Basic Operating Costs shall mean all expenses and costs (but not specific costs which are separately billed to and
paid by particular tenants of the Building) of every kind and nature which Landlord shall pay or become obligated to pay because of or in connection with the management, ownership, maintenance, repair, replacement, preservation and operation of the
Leased Premises, the Building, the Project and its supporting facilities directly servicing the Building and/or the Project (determined in accordance with generally accepted accounting principles, consistently applied) including, but not limited to,
the following: 
 (1)    Wages, salaries and related expenses and benefits of all
on-site and off-site employees and personnel engaged in the operation, maintenance, repair and security of the Project. 

(2)    Costs of Landlord’s office (including the property management office) to the extent providing for the
management of the Project and office operation in the Project, as well as the costs of operation of a room for delivery and distribution of mail to tenants of the Building. 

(3)    All supplies, materials, equipment and equipment rental used in the operation, maintenance, repair, replacement
and preservation of the Project . 
 (4)    Utilities, including water, sewer and power, telephone, communication and
cable television facilities, lighting, heating, air conditioning and ventilating the entire Project. 
 (5)    All
maintenance, janitorial and service agreements for the Project and the equipment therein, including, without limitation, alarm and/or security service, window cleaning, elevator maintenance, courtyards, sidewalks, landscaping, Building exterior and
service areas. 
 (6)    A property management fee in an amount not to exceed five percent (5%) of all gross revenues
derived from the Project. 
 (7)    Legal and accounting services for the Project, including the costs of audits by
certified public accountants; provided, however, that legal expenses shall not include the cost of lease negotiations, termination of leases, extension of leases or legal costs incurred in proceedings by or against any specific tenant, or for the
defense of Landlord’s legal title to the Project. 
 (8)    All insurance premiums and costs, including, but not
limited to, the cost of property and liability coverage and rental income and earthquake and flood insurance applicable to tire Project and Landlord’s personal property used in connection therewith, as well as deductible amounts applicable to
such insurance; provided, however, that Landlord may, but shall not be obligated to, carry earthquake or flood insurance. 

(9)    Repairs, replacements and general maintenance (except to the extent paid by proceeds of insurance or by Tenant or
other tenants of the Building or third parties). 

  
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 (10)    Intentionally Omitted. 

(11)    Amortized costs (together with reasonable financing charges) of capital improvements made to the Project
subsequent to the Term Commencement Date which are designed to improve the operating efficiency of the Project, achieve energy or carbon reduction, or which may be required by governmental authorities, including, but not limited to, those
improvements required for the benefit of individuals with disabilities, such amortization to be taken in accordance with generally accepted accounting principles. 

(b)    In the event any of the Basic Operating Costs are not provided on a uniform basis, Landlord shall make an
appropriate and equitable adjustment, in Landlord’s discretion reasonably exercised. 
 (c)    Notwithstanding any
other provision of this Lease to the contrary, in the event that the Project is not fully occupied during any year of the Term, an adjustment shall be made in computing Basic Operating Costs for such year (including the Base Year) so that Basic
Operating Costs shall be computed as though the Building had been ninety-five percent (95%) occupied during such year. 

(d)    The following items shall be excluded from Basic Operating Costs: (i) depreciation on the Building and the
Project; (ii) debt service; (iii) rental under any ground or underlying lease; (iv) attorneys’ fees and expenses incurred in connection with lease negotiations with prospective Building tenants or alleged defaults with other
Building tenants; (v) the cost of any improvements or equipment which would be properly classified as capital expenditures (except for any capital expenditures expressly included in Section 3.5(a), including, without limitation,
Section 3.5(a)(ll)); (vi) the cost of decorating, improving for tenant occupancy, painting or redecorating portions of the Building to be demised to tenants; (vii) advertising expenses relating to vacant space; or (viii) real estate
brokers’ or other leasing commissions. 
 3.6    Property Taxes. “Property Taxes” shall
mean all real estate or personal property taxes, possessory interest taxes, business or license taxes or fees, service payments in lieu of such taxes or fees, annual or periodic license or use fees, excises, transit charges, housing fund
assessments, open space charges, assessments, bonds, levies, fees or charges, general and special, ordinary and extraordinary, unforeseen as well as foreseen, of any kind which are assessed, levied, charged, confirmed or imposed by any public
authority upon the Project (or any portion or component thereof), its operations, this Lease, or the Rent due hereunder (or any portion or component thereof), except: (i) inheritance or estate taxes imposed upon or assessed against the Project,
or any part thereof or interest therein, and (ii) Landlord’s personal or corporate income, gift or franchise taxes. 
 Article
4. 
 Landlord’s Covenants 

4.1    Basic Services. Landlord shall provide the following basic services during the Term, subject to any
limitations imposed by applicable law and governmental authorities: 
 (a)    Hot and cold water at those points of
supply provided for general use of other tenants in the Building; heat and air conditioning in season, during the Building hours of 

  
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operation specified in the rules and regulations for the Building adopted pursuant to Section 5.17 and at such temperatures and in such amounts as are considered by Landlord to be standard
for the comfortable use and occupancy of the Leased Premises or, in all events, as may be required by applicable laws, ordinances, rules and regulations. 

(b)    Structural and exterior maintenance (including exterior glass and glazing) and routine maintenance, repairs and
electric lighting service for all public areas and service areas of the Project in the manner and to the extent deemed by Landlord to be standard. 

(c)    Janitorial service on a five (5) day per week basis, excluding holidays. 

(d)    Electric lighting service throughout the Leased Premises and electrical facilities to provide sufficient power for
copy machines, facsimile machines, standard size personal computers and other standard office machines of similar low electrical consumption, but not including electricity required for special lighting in excess of Building standards, and any other
item of electrical equipment which consumes electricity in amounts in excess of standard office equipment (“Extra Electrical Service”). 

(e)    Building Standard lamps, bulbs, starters and ballasts used in the Leased Premises. 

(f)    Public elevator service serving the floors on which the Leased Premises are situated, including freight elevator
service when prearranged with Landlord, subject to such rules and regulations as Landlord shall promulgate from time to time. 
 Landlord
shall not be liable for damages to either person or property, nor shall Landlord be deemed to have evicted Tenant, nor shall there be any abatement of Rent, nor shall Tenant be relieved from performance of any covenant on its part to be performed
under this Lease by reason of any (i) deficiency in the provision of basic services; (ii) breakdown of equipment or machinery utilized in supplying services; or (iii) curtailment or cessation of services due to causes or circumstances
beyond the reasonable control of Landlord or by the making of necessary repairs or improvements, unless such deficiency, breakdown, curtailment or cessation is due to the active gross negligence or willful misconduct of Landlord. Landlord shall use
reasonable diligence to make such repairs as may be required to machinery or equipment within the Project to provide restoration of services and, where the cessation or interruption of service has occurred due to circumstances or conditions beyond
Project boundaries, to cause the same to be restored, by diligent application or request to the provider thereof. In no event shall any mortgagee or the beneficiary under any deed of trust referred to in Section 5.12 be or become liable for any
default of Landlord under this Section 4.1. 
 4.2    Extra Services. Landlord may provide to Tenant
at Tenant’s sole cost and expense (and subject to the limitations hereinafter set forth) the following extra services: 

(a)    Such extra cleaning and janitorial services requested by Tenant; 

(b)    Intentionally Omitted; 

  
 10 

 (c)    Heating, ventilation, air conditioning or Extra Electrical
Service, subject to the provisions of Section 4.2(g) hereof, provided by Landlord to Tenant (i) during hours other than the Building hours of operation specified in the rules and regulations for the Building adopted pursuant to
Section 5.17, which shall provide for Building hours of operation of 8:00 a.m. to 6:00 p.m., Monday through Friday (excluding holidays observed by the federal government), or (ii) on Saturdays, Sundays, or holidays, all said heating,
ventilation, and air conditioning or extra electrical service to be furnished solely upon the prior written request of Tenant submitted during business hours to Landlord at least 24 hours in advance of the time such service is needed, or pursuant to
such other procedures (which may permit less than 24 hours notice) as may be established from time to time by Landlord for the Building (such after-hour HVAC, shall be billed at Landlord’s commercially reasonable standard rates); 

(d)    Maintaining and replacing non-Building Standard lamps, bulbs, starters and
ballasts (whether or not the light fixtures were installed by Landlord as part of the Tenant Improvements); 

(e)    Repair and maintenance service which is the obligation of Tenant under this Lease; 

(f)    Repair, maintenance or janitorial service to the Leased Premises, the Common Areas or the Project parking area
which is required as a result of the acts or omissions of Tenant, its agents, employees, contractors, invitees or licensees; and 

(g)    Any basic service in amounts determined by Landlord to exceed the amounts required to be provided under
Section 4.1, including without limitation, Extra Electrical Service, but only if Landlord elects to provide such additional or excess service. 

For the purposes of this Section 4.2, if, in Landlord’s reasonable opinion, Tenant’s use of electrical and/or water service at
the Leased Premises is excessive, Landlord may install a separate meter(s) at the Leased Premises to measure the amount of electricity and/or water consumed by Tenant therein. The cost of such installation and of such excess electricity and/or water
(at the rates charged for such services by the local public utility) shall be paid by Tenant to Landlord upon receipt by Tenant of a bill therefor. 

The cost chargeable to Tenant for all extra services shall constitute Additional Rent and shall include a management fee payable to Landlord
of ten percent (10%). Additional Rent shall be paid monthly by Tenant to Landlord concurrently with the payment of Base Rent. 

4.3    Window Coverings. All window coverings for the Leased Premises shall be those approved by Landlord.
Tenant shall not place or maintain any window coverings, blinds, curtains or drapes other than those approved by Landlord on any exterior window without Landlord’s prior written approval, which Landlord shall have the right to grant or withhold
in its absolute and sole discretion. 
 4.4    Graphics and Signage. Landlord, at Landlord’s sole
cost and expense, shall provide Building standard identification of Tenant’s name and suite numerals on a building directory in the Building lobby. Landlord reserves the right to exclude any other names from the building directory. All signs,
notices, advertisements and graphics of every kind or character, 

  
 11 

 
visible in or from the Common Areas or the exterior of the Leased Premises shall be subject to approval from the City of Oakland, if applicable, and shall be subject to Landlord’s prior
written approval, which Landlord shall have the right to withhold in its absolute and sole discretion. Landlord may remove, without notice to and at the expense of Tenant, any sign, notice, advertisement or graphic of any kind inscribed, displayed
or affixed in violation of the foregoing requirement. All approved signs, notices, advertisements or graphics shall be printed, affixed or inscribed at Tenant’s expense by a sign company selected by or approved by Landlord. Landlord shall be
entitled to revise the Project graphics and signage standards at any time. Tenant shall have the right, at Tenant’s sole expense, to install signage of its name and logo on the fifth (5th)floor of the Building, the size and design, installation
method, and location of which shall be proposed by Tenant in a rendering and submitted to Landlord for approval, which approval Landlord shall not unreasonably withhold or delay. Installation, fabrication, maintenance and removal of Tenant’s
signs shall be at Tenant’s sole cost and expense; Tenant shall remove Tenant’s signage and repair any damage caused by the installation or removal of such signage (and Tenant shall restore the installation area to the condition existing
prior to installation of such signage) at the expiration or earlier termination of this Lease. 

4.5    Intentionally Omitted. 

4.6    Repair Obligation. Landlord’s obligation under this Lease with respect to maintenance, repair,
and replacement shall be limited to (i) the structural portions of the Building; (ii) the exterior walls of the Building, including exterior glass and glazing; (iii) the exterior roof; (iv) mechanical, electrical, plumbing and
life safety systems serving the Project and/or the Leased Premises, subject to Tenant’s repair obligations provided in Section 5.4 below; (v) the Common Areas; (vi) the Project parking area; and (vii) landscaped areas.
However, Landlord shall not have any obligation to repair damage caused by Tenant, its agents, employees, contractors, invitees or licensees. Landlord shall have the right, but not the obligation, to undertake work of repair which Tenant is required
to perform under this Lease and which Tenant fails or refuses to perform in a timely and efficient manner after Tenant’s receipt of written notice and reasonable opportunity to cure. Tenant shall reimburse Landlord upon demand, as Additional
Rent, for all costs incurred by Landlord in performing any such repair for the account of Tenant, together with an amount equal to ten percent (10%) of such costs to reimburse Landlord for its administration and managerial effort. Except as
specifically set forth in this Lease, Landlord shall have no obligation whatsoever to maintain or repair the Leased Premises or the Project. The parties intend that the terms of this Lease govern their respective maintenance and repair obligations.
Tenant expressly waives the benefit of any statute now or hereafter in effect to the extent it is inconsistent with the terms of this Lease with respect to such obligations or which affords Tenant the right to make repairs at the expense of Landlord
or terminate this Lease by reason of the condition of the Leased Premises or any needed repairs. 

4.7    Peaceful Enjoyment. Landlord covenants with Tenant that upon Tenant paying the Rent required under
this Lease and performing all of Tenant’s covenants and agreements herein contained, Tenant shall peacefully have, hold and enjoy the Leased Premises subject to all of the terms of this Lease and to any deed of trust, mortgage, ground lease or
other agreement to which this Lease may be subordinate. This covenant and the other covenants of Landlord contained in this Lease shall be binding upon Landlord and its successors only with respect to breaches occurring during its or their
respective ownerships of Landlord’s interest hereunder. 

  
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 Article 5. 

Tenant’s Covenants 

5.1    Payments by Tenant. Tenant shall pay Rent at the times and in the manner provided in this Lease. All
obligations of Tenant hereunder to make payments to Landlord shall constitute Rent and failure to pay the same when due shall give rise to the rights and remedies provided for in Section 7.8. If Tenant consists of more than one person or
entity, the obligations imposed under this Lease upon all such persons or entities shall be joint and several. 

5.2    Tenant Improvements. The Tenant Improvements, if any, shall be installed and constructed pursuant to
Exhibit B. 
 5.3    Taxes on Personal Property. In addition to and wholly apart from its
obligation to pay Tenant’s Proportionate Share of Basic Operating Costs and Tenant’s Proportionate Share of Property Taxes, Tenant shall be responsible for, and shall pay prior to delinquency, all taxes or governmental service fees,
possessory interest taxes, fees or charges in lieu of any such taxes, capital levies, and any other charges imposed upon, levied with respect to. or assessed against Tenant’s personal property, and on its interest pursuant to this Lease. To the
extent that any such taxes are not separately assessed or billed to Tenant, Tenant shall pay the amount thereof as invoiced to Tenant by Landlord. 

5.4    Repairs by Tenant. Tenant shall be obligated to maintain and repair, at Tenant’s sole cost and
expense, the interior of the Leased Premises (including all wall surfaces, floor coverings and fixtures, all supplemental heating, ventilation and air conditioning units exclusively serving the Leased Premises [e.g., server room cooling units],
kitchens [including hot water heaters, dishwashers, garbage disposals, insta-hot dispensers] and Tenant’s personal property, trade fixtures and any improvements or alterations installed by or on behalf of
Tenant), to keep the same at all times in good order, condition and repair, and, upon expiration of the Term, to surrender the same to Landlord in the same condition as on the Term Commencement Date, reasonable wear and tear, taking by condemnation,
and damage by casualty not caused by Tenant, its agents, employees, contractors, invitees and licensees excepted. In addition, with regard to the plumbing serving the Leased Premises, Tenant shall keep such plumbing clear and functional, and shall
be responsible for any maintenance or repairs made necessary by the clogging of any sink or toilet in the Leased Premises. Tenant shall be responsible for the maintenance and repair of all electrical lines located within the Leased Premises and
exclusively serving the Leased Premises. Tenant’s obligations shall include, without limitation, the obligation to repair all damage caused by Tenant, its agents, employees, contractors, invitees and others using the Leased Premises with
Tenant’s expressed or implied permission. At the request of Tenant, but without obligation to do so, Landlord may perform the work of maintenance and repair constituting Tenant’s obligation under this Section 5.4 at Tenant’s sole
cost and expense and as an extra service to be rendered pursuant to Section 4.2. Any work of repair and maintenance performed by or for the account of Tenant by persons other than Landlord shall be performed by contractors approved by Landlord
and in accordance with procedures Landlord shall from time to time reasonably establish. Tenant shall give Landlord prompt notice of any damage to or defective condition in any part of the Building’s mechanical, electrical, plumbing, life
safety or other system servicing, located in or passing through the Leased Premises. 

  
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 5.5    Waste. Tenant shall not commit or allow any waste
or damage to be committed in any portion of the Leased Premises or the Project. 
 5.6    Assignment or
Sublease. 
 (a)    Tenant shall not voluntarily or by operation of law assign, transfer or encumber (collectively
“Assign”) or sublet all or any part of Tenant’s interest in this Lease or in the Leased Premises, or allow any third party to use any portion of the Leased Premises (which for purposes of the balance of this Section 5.6 shall be
deemed to be a “sublet” or “sublease” of the Leased Premises), without Landlord’s prior written consent given under and subject to the terms of this Section 5.6. 

(b)    If Tenant desires to Assign this Lease or any interest herein or sublet the Leased Premises or any part thereof,
Tenant shall give Landlord a request for consent to such transaction, in writing. Tenant’s written request for consent shall specify the date the proposed assignment or sublease would be effective and be accompanied by information pertinent to
Landlord’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or subtenant, including, without limitation, its name, business and financial condition, financial details of the proposed
transfer, the intended use (including any modification) of the Leased Premises, and exact copies of all of the proposed agreement(s) between Tenant and the proposed assignee or subtenant. Tenant shall promptly provide Landlord with (i) such
other or additional information or documents reasonably requested (within ten (10) days after receiving Tenant’s consent request) by Landlord, and (ii) an opportunity to meet and interview the proposed assignee or subtenant, if
requested by Landlord. 
 (c)    Landlord shall have until the later of (i) ten (10) business days following such
interview and receipt of all such additional information, or (ii) thirty (30) days from the date of Tenant’s original notice if Landlord does not request additional information or an interview, within which to notify Tenant in writing that
Landlord elects either (A) to terminate this Lease if Tenant is seeking consent to Assign this Lease, or if Tenant is seeking consent to sublet more than forty percent (40%) of the Leased Premises, to terminate the Lease as to the portion of
the Leased Premises so affected as of the effective date of the proposed assignment or sublease specified by Tenant, in which event Tenant will be relieved of all further obligations hereunder as to such portion of the Leased Premises as of such
date, other than those obligations which survive termination of the Lease, or (B) to consent to or withhold consent to Tenant’s request to Assign this Lease or sublet such space, such consent not to be withheld so long as the proposed
assignee or sublessee is approved by Landlord, which approval Landlord shall not unreasonably withhold or delay, and is of sound financial condition as determined by Landlord in its commercially reasonable discretion, the use of the Leased Premises
by such proposed assignee or sublessee would be a Permitted Use, the proposed assignee or sublessee executes such reasonable assumption documentation as Landlord shall require, and the proposed assignee or sublessee is not (x) already a tenant
in the Building or (y) a party with whom Landlord has been discussing the leasing of space in the Building within the immediately preceding sixty (60) days. Failure by Landlord to approve a proposed subtenant or assignee shall not cause a
termination of this Lease. 

  
 14 

 (d)    In the event Tenant shall request the consent of Landlord to any
assignment or subletting hereunder, Tenant shall pay Landlord a processing fee of $2,500.00. All such fees shall be deemed Additional Rent under this Lease. 

(e)    Any rent or other consideration realized by Tenant under any such sublease or assignment in excess of (i) the
Rent payable hereunder, (ii) any reasonable tenant improvement allowance or other economic concession (e.g., space planning allowance, moving expenses, free or reduced rent periods, etc.), and (iii) any advertising costs and brokerage
commissions associated with such assignment or sublease (“Profit”), shall be divided and paid as follows: fifty percent (50%) to Tenant and fifty percent (50%) to Landlord; provided, however, that if Tenant is in default hereunder beyond
any applicable cure period, Landlord shall be entitled to all such Profit. 
 (f)    Intentionally Omitted. 

(g)    The consent of Landlord to any assignment or subletting shall not constitute a consent to any subsequent assignment
or subletting by Tenant or to any subsequent or successive assignment or subletting by the assignee or subtenant. 

(h)    No assignment or subletting by Tenant shall relieve Tenant of any obligation under this Lease. In the event of
default by an assignee or subtenant of Tenant or any successor of Tenant in the performance of any of the terms hereof, Landlord may proceed directly against Tenant without the necessity of exhausting remedies against such assignee, subtenant or
successor. Any assignment or subletting made without Landlord’s consent or which conflicts with the provisions hereof shall be void and, at Landlord’s option, shall constitute a default under this Lease. 

5.7    Alterations, Additions and Improvements. 

(a)    Tenant shall not make or allow to be made any alterations, additions or improvements in or to the Leased Premises
without first obtaining the written consent of Landlord. Landlord’s consent will not be unreasonably withheld or delayed with respect to proposed alterations, additions or improvements which (i) comply with all applicable laws, ordinances,
rules and regulations; (ii) are compatible with and do not adversely affect the Building and its mechanical, telecommunication, electrical. HVAC and life safety systems; (iii) will not affect the structural or exterior portions of the
Building; (iv) will not interfere with the use and occupancy of any other portion of the Building by any other tenant, its employees or invitees; and (v) will not trigger any additional costs to Landlord. Specifically, but without limiting
the generality of the foregoing, Landlord’s right of consent shall encompass plans and specifications for the proposed alterations, additions or improvements, construction means and methods, the identity of any contractor or subcontractor to be
employed on the work of alterations, additions or improvements, and the time for performance of such work. Tenant shall supply to Landlord any additional documents and information reasonably requested by Landlord in connection with Tenant’s
request for consent hereunder. 
 (b)    Any consent given by Landlord under this Section 5.7 shall be deemed
conditioned upon: (i) Tenant acquiring all applicable permits required by governmental authorities; (ii) Tenant furnishing to Landlord copies of such permits, together with copies of the approved

  
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plans and specifications, prior to commencement of the work thereon; and (iii) the compliance by Tenant with the conditions of all applicable permits and approvals in a prompt and
expeditious manner. 
 (c)    Tenant shall provide Landlord with not less than fifteen (15) days prior written
notice of commencement of the work so as to enable Landlord to post and record appropriate notices of non-responsibility. All alterations, additions and improvements permitted hereunder shall be made and
performed by Tenant without cost or expense to Landlord and in strict accordance with plans and specifications approved by Landlord. Tenant shall pay the contractors and suppliers all amounts due to them when due and keep the Leased Premises and the
Project free from any and all mechanics’, materialmen’s and other liens and claims arising out of any work performed, materials furnished or obligations incurred by or for Tenant. Landlord may require, at its sole option, that Tenant
provide to Landlord, at Tenant’s expense, a lien and completion bond in an amount equal to the total estimated cost of any alterations, additions or improvements to be made in or to the Leased Premises, to protect Landlord against any liability
for mechanics’, materialmen’s and other liens and claims, and to ensure timely completion of the work. In the event any alterations, additions or improvements to the Leased Premises are performed by Landlord hereunder, whether by
prearrangement or otherwise, Landlord shall be entitled to charge Tenant a fifteen percent (15%) administration fee in addition to the actual costs of labor and materials provided. Such costs and fees shall be deemed Additional Rent under this
Lease, and may be charged and payable prior to commencement of the work. 
 (d)    Any and all alterations, additions or
improvements made to the Leased Premises by Tenant shall become the property of Landlord upon installation and shall be surrendered to Landlord without compensation to Tenant upon the termination of this Lease by lapse of time or otherwise unless
(i) Landlord conditioned its approval of such alterations, additions or improvements on Tenant’s agreement to remove them, or (ii) if Tenant did not provide a Removal Determination Request (as defined below), Landlord notifies Tenant
prior to (or promptly after) the Term Expiration Date that the alterations, additions and/or improvements must be removed, in which case Tenant shall, by the Term Expiration Date, remove such alterations, additions and improvements, repair any
damage resulting from such removal and restore the Leased Premises to their condition existing prior to the date of installation of such alterations, additions and improvements, ordinary wear and tear excepted. Prior to making any alterations,
additions or improvements to the Leased Premises, Tenant may make a written request that Landlord determine in advance whether or not Tenant must remove such alterations, additions or improvements on or prior to the Term Expiration Date or any
earlier termination of this Lease (‘‘Removal Determination Request”). Notwithstanding anything to the contrary set forth above, this clause shall not apply to movable equipment or furniture owned by Tenant. Tenant shall repair at its
sole cost and expense all damage caused to the Leased Premises and the Project by removal of Tenant’s movable equipment or furniture and such other alterations, additions and improvements as Tenant shall be required or allowed by Landlord to
remove from the Leased Premises. 
 (e)    All alterations, additions and improvements permitted under this
Section 5.7 shall be constructed diligently, in a good and workmanlike manner with new, good and sufficient materials and in compliance with all applicable laws, ordinances, rules and regulations (including, without limitation, building codes
and those related to accessibility and use by 

  
 16 

 
individuals with disabilities). Tenant shall, promptly upon completion of the work, furnish Landlord with “as built” drawings for any alterations, additions or improvements performed
under this Section 5.7. 
 (f)    Notwithstanding anything in this Lease to the contrary, Tenant shall construct
all alterations, additions and improvements and perform all repairs and maintenance under this Lease (all contractors to be approved in writing in advance by Landlord or, at Landlord’s option, designated by Landlord; without limiting the
generality of the foregoing. Tenant specifically acknowledges and agrees that Landlord may require any contractors to be union members and may withhold approval of such contractors in the event the use of the same would, in Landlord’s
reasonable judgment, violate the terms of any agreement between Landlord and any union providing work, labor or services at the Project or disturb labor harmony with the workforce or trades engaged in performing other work, labor or services at the
Project) in conformance with any and all applicable laws, including, without limitation, pursuant to a valid building permit issued by the applicable municipality, in conformance with Landlord’s construction rules and regulations. 

(g)    Tenant shall have the right to install a wireless intranet, internet, and communications network (also known as “Wi-Fi”) within the Leased Premises for the use of Tenant and its employees (the “Network”) subject to this subsection and all the other clauses of this Lease as are applicable. Tenant shall not
solicit, suffer, or permit other tenants or occupants of the Building to use the Network or any other communications service, including, without limitation, any wired or wireless internet service that passes through, is transmitted through, or
emanates from the Leased Premises. Tenant agrees that Tenant’s communications equipment and the communications equipment of Tenant’s service providers located in or about the Leased Premises, including, without limitation, any antennas,
switches, or other equipment (collectively, “Tenant’s Communications Equipment”) shall be of a type and, if applicable, a frequency that will not cause radio frequency, electromagnetic, or other interference to any other party or any
equipment of any other party including, without limitation, Landlord, other tenants, or occupants of the Building or any other party. In the event that Tenant’s Communications Equipment causes or is believed to cause any such interference, upon
receipt of notice from Landlord of such interference. Tenant will take all steps necessary, at Tenant’s sole cost and expense, to correct and eliminate the interference. If the interference is not eliminated within 24 hours (or a shorter period
if Landlord believes a shorter period to be appropriate) then, upon request from Landlord, Tenant shall shut down the Tenant’s Communications Equipment pending resolution of the interference, with the exception of intermittent testing upon
prior notice to and with the approval of Landlord. 
 5.8    Compliance With Laws and Insurance Standards.
Tenant shall not occupy or use, or permit any portion of the Leased Premises to be occupied or used in a manner that violates any applicable law, ordinance, rule, regulation, order, permit, covenant, easement or restriction of record, or the
recommendations of Landlord’s engineers or consultants, relating in any manner to the Project, or for any business or purpose which is disreputable, objectionable or productive of fire hazard. Tenant shall not do or permit anything to be done
which would result in the cancellation, or in any way increase the cost, of the property insurance coverage on the Project and/or its contents. If Tenant does or permits anything to be done which increases the cost of any insurance covering or
affecting the Project, then Tenant shall reimburse Landlord, upon demand, as Additional Rent, for such additional costs. Landlord shall deliver to Tenant a written statement 

  
 17 

 
setting forth the amount of any such insurance cost increase and showing in reasonable detail the manner in which it has been computed. Tenant shall, at Tenant’s sole cost and expense,
comply with all laws, ordinances, rules, regulations and orders (state, federal, municipal or promulgated by other agencies or bodies having or claiming jurisdiction) related to the use, condition or occupancy of the Leased Premises now in effect or
which may hereafter come into effect including, but not limited to, (a) accessibility and use by individuals with disabilities, and (b) environmental conditions in, on or about the Leased Premises. If anything done by Tenant in its use or
occupancy of the Leased Premises shall create, require or cause imposition of any requirement by any public authority for structural or other upgrading of or alteration or improvement to the Project, Tenant shall, at Landlord’s option, either
perform the upgrade, alteration or improvement at Tenant’s sole cost and expense or reimburse Landlord upon demand, as Additional Rent, for the cost to Landlord of performing such work. The judgment of any court of competent jurisdiction or the
admission by Tenant in any action against Tenant, whether Landlord is a party thereto or not, that Tenant has violated any law, ordinance, rule, regulation, order, permit, covenant, easement or restriction shall be conclusive of that fact as between
Landlord and Tenant. 
 5.9    No Nuisance; No Overloading. Tenant shall use and occupy the Leased
Premises, and control its agents, employees, contractors, invitees and visitors in such manner so as not to create any nuisance, or interfere with, annoy or disturb (whether by noise, odor, vibration or otherwise) any other tenant or occupant of the
Building or Landlord in its operation of the Building. Tenant shall not place or permit to be placed any loads upon the floors, walls or ceilings in excess of the maximum designed load specified by Landlord or which might damage the Leased Premises,
the Building, or any portion thereof. 
 5.10    Furnishing of Financial Statements; Tenant’s
Representations. In order to induce Landlord to enter into this Lease, Tenant agrees that it shall promptly furnish Landlord, from time to time (but not more than twice in any twelve (12) month period), within ten (10) business days of
receipt of Landlord’s written request therefor, with financial statements in form and substance reasonably satisfactory to Landlord reflecting Tenant’s current financial condition. Tenant represents and warrants that all financial
statements, records and information furnished by Tenant to Landlord in connection with this Lease are or will be true, correct and complete in all material respects. 

5.11    Entry by Landlord. Landlord, its employees, agents and consultants, shall have the right to enter
the Leased Premises at any time, in cases of an emergency, and otherwise at reasonable times after reasonable advance notice to Tenant (which notice may be telephonic, via email, or in person) to inspect the same, to clean, to perform such work as
may be permitted or required under this Lease, to make repairs to or alterations of the Leased Premises or other portions of the Building or other tenant spaces therein, to deal with emergencies, to post such notices as may be permitted or required
by law to prevent the perfection of liens against Landlord’s interest in the Project or to show the Leased Premises to prospective tenants (only during the last nine (9) months of the lease term, with 24 hours advance notice and only while
accompanied by an employee or agent designated by Tenant, provided that Tenant makes such employee or agent available), purchasers, encumbrancers or others, or for any other purpose as Landlord may deem reasonably necessary or desirable. Landlord
need not provide advance notice when entering the Leased Premises to provide routine services, such as the janitorial service described in Section 4.1(c). Tenant shall not be entitled to any abatement of Rent or damages by reason of the exercise of
any such right of entry or performance of any such work by Landlord. 

  
 18 

 5.12    Nondisturbance and Attornment. 

(a)    Titis Lease and the rights of Tenant hereunder shall be subject and subordinate to the lien of any deed of trust,
mortgage, ground lease or other hypothecation or security instrument (collectively, “Security Device”) now or hereafter placed upon, affecting or encumbering the Project or any part thereof or interest therein, and to any and all advances
made thereunder, interest thereon or costs incurred and any modifications, renewals, supplements, consolidations, replacements and extensions thereof. Without the consent of Tenant, the holder of any such Security Device or the beneficiary
thereunder shall have the right to elect to be subject and subordinate to this Lease, such subordination to be effective upon such terms and conditions as such holder or beneficiary may direct which are not inconsistent with the provisions hereof.
Tenant agrees to attorn to and recognize as the Landlord under this Lease the holder or beneficiary under a Security Device or any other party that acquires ownership of the Leased Premises by reason of a foreclosure or sale under any Security
Device (or deed in lieu thereof). The new owner following such foreclosure, sale or deed shall not be (i) liable for any act or omission of any prior landlord or with respect to events occurring prior to acquisition of ownership;
(ii) subject to any offsets or defenses which Tenant might have against any prior landlord; (iii) bound by prepayment of more than one (1) month’s Rent; or (iv) liable to Tenant for any security deposit not actually received
by such new owner. Tenant covenants and agrees to execute (and acknowledge if required by Landlord, any lender or ground lessor) and deliver, within ten (10) business days of receipt of a written demand or request by Landlord and in the form
reasonably requested by Landlord, any ground lessor, mortgagee or beneficiary, any additional documents evidencing the priority or subordination of this Lease with respect to any such ground leases or underlying leases or the lien of any such
mortgage or deed of trust. 
 (b)    At Tenant’s sole cost, not to exceed One Thousand Five Hundred Dollars
($1,500.00), Landlord shall use commercially reasonable efforts to obtain a nondisturbance agreement from the existing lender within ninety (90) days after the Date of Lease on such lender’s standard form with commercially reasonable
changes requested by Tenant and agreed to by the lender. Landlord shall be responsible for any cost of obtaining such nondisturbance agreement above the amount indicated hereinabove. 

5.13    Estoppel Certificate. Within ten (10) business days following Tenant’s receipt of
Landlord’s request, Tenant shall execute, acknowledge and deliver written estoppel certificates addressed to (i) any mortgagee or prospective mortgagee of Landlord, or (ii) any purchaser or prospective purchaser of all or any portion
of, or interest in, the Project, on a form specified by Landlord, certifying as to such facts (if true) and agreeing to such notice provisions and other matters as such mortgagee(s) or purchaser(s) may reasonably require, including, without
limitation, the following: (a) that this Lease is unmodified and in full force and effect (or in full force and effect as modified, and stating the modifications); (b) the amount of, and date to which Rent and other charges have been paid in
advance; (c) the amount of any Security Deposit; and (d) acknowledging that Landlord is not in default under this Lease (or, if Landlord is claimed to be in default, stating the nature of the alleged default). Any such estoppel certificate
may be relied upon by any such mortgagee or purchaser. Failure by Tenant to execute and deliver any such 

  
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estoppel certificate within the time requested shall be, at Landlord’s election, conclusive upon Tenant that (1) this Lease is in full force and effect and has not been modified except
as represented by Landlord; (2) not more than one month’s Rent has been paid in advance; and (3) Landlord is not in default under this Lease. 

5.14    Security Deposit. 

(a)    Concurrently with the execution hereof, Tenant shall pay to Landlord the agreed upon Security Deposit as security
for the full and faithful performance of Tenant’s obligations under this Lease. If at any time during the Term, Tenant shall be in default in the payment of Rent or in default for any other reason, Landlord may use. apply or retain all or part
of the Security Deposit for payment of any amount due Landlord or to cure such default or to reimburse or compensate Landlord for any liability, loss, cost, expense or damage (including attorneys’ fees) which Landlord may suffer or incur by
reason of Tenant’s default. If Landlord uses or applies all or any part of the Security Deposit, Tenant shall, on demand, pay to Landlord a sum sufficient to restore the Security Deposit to the full amount required by this Lease. Upon
expiration of the Term or earlier termination of this Lease and after Tenant has vacated the Leased Premises, Landlord shall return the Security Deposit to Tenant, reduced by such amounts as may be required by Landlord to remedy defaults on the part
of Tenant in the payment of Rent, to repair damages to the Leased Premises caused by Tenant and to clean the Leased Premises. The portion of the deposit not so required shall be paid over to Tenant (or, at Landlord’s option, to the last
assignee of Tenant’s interest in this Lease) within thirty (30) days after expiration of the Term or earlier termination hereof. Landlord shall hold the Security Deposit for the foregoing purposes; provided, however, that Landlord shall
have no obligation to segregate the Security Deposit from its general funds or to pay interest in respect thereof. No part of the Security Deposit shall be considered to be held in trust, or to be prepayment of any monies to be paid by Tenant under
this Lease. Tenant hereby waives (i) the protections of Section 1950.7 of the California Civil Code, as it may hereafter be amended and any and all other laws, rules and regulations applicable to security deposits in the commercial context
(“Security Deposit Laws”), and (ii) any and all rights, duties and obligations either party may now or, in the future, will have relating to or arising from the Security Deposit Laws. Notwithstanding anything to the contrary herein,
the Security Deposit may be retained and applied by Landlord (a) to offset Rent which is unpaid either before or after termination of this Lease, and (b) against other damages suffered by Landlord before or after termination of this Lease.

 (b)    Instead of a cash deposit, Tenant shall deliver the Security Deposit to Landlord in the form of a clean and
irrevocable letter of credit (the “Letter of Credit”) issued by and drawable upon (said issuer being referred to as the “Issuing Bank”) a financial institution which is reasonably approved by Landlord, provided that Landlord
shall not withhold its consent to an Issuing Bank which is insured by the Federal Deposit Insurance Corporation, and the long term unsecured debt obligations of which are rated at least “AA” by Fitch and Standard & Poors and
“Aa2” by Moody’s. Such Letter of Credit shall (a) name Landlord as beneficiary, (b) be in the amount of the Security Deposit, (c) have a term of not less than one (1) year, (d) permit multiple drawings, (e) be
fully transferable by Landlord, and (f) otherwise be in form and content reasonably satisfactory to Landlord. If upon any transfer of the Letter of Credit, any fees or charges shall be so imposed, then such fees or charges shall be payable
solely by Tenant and the Letter of Credit shall so specify and if the Issuing Bank will not agree to the transfer (or if it imposes 

  
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unreasonable requirements for the transfer), Tenant shall promptly replace such Letter of Credit. The Letter of Credit shall provide that it shall be deemed automatically renewed, without
amendment, for consecutive periods of one year each thereafter during the Term unless the Issuing Bank sends a notice (the “Non-Renewal Notice”) to Landlord by certified mail, return receipt
requested, not less than 45 days next preceding the then expiration date of the Letter of Credit stating that the Issuing Bank has elected not to renew the Letter of Credit. Landlord shall have the right, upon receipt of the Non-Renewal Notice, to draw the full amount of the Letter of Credit, by sight draft on the Issuing Bank, and shall thereafter hold or apply the cash proceeds of the Letter of Credit pursuant to the terms of this
Section 5.14. The Issuing Bank shall agree with all drawers, endorsers and bona fide holders that drafts drawn under and in compliance with the terms of the Letter of Credit will be duly honored upon presentation to the Issuing Bank at an office
location in the San Francisco Bay Area. Notwithstanding the foregoing, Landlord hereby approves Silicon Valley Bank as an Issuing Bank. 

(c)    Notwithstanding anything in this Section 5.14 to the contrary, the Security Deposit shall be reduced from
$901,152.00 to $450,576.00 if Tenant provides to Landlord at any time during the Term after the last day of the forty-fourth (44th) full calendar month after the Term Commencement Date financial statements, in form and substance reasonably
satisfactory to Landlord, showing an operating profit for Tenant in each of the four (4) consecutive quarters immediately preceding Tenant’s delivery of such financial statements. In the event that Tenant satisfies the condition above,
Tenant shall have the right to reduce the Letter of Credit amount via the delivery to Landlord of either (i) an amendment to the existing Letter of Credit (in form and content reasonably acceptable to Landlord) reducing the Letter of Credit
amount to the amount set forth above, or (ii) an entirely new Letter of Credit (in the form and content required by this Section 5.14) in the Letter of Credit amount then required as set forth above. If applicable, Landlord shall cooperate
with Tenant in executing such authorizations as the Issuing Bank may require to accomplish any such reduction. 

5.15    Surrender. 

(a)    Subject to the provisions of Section 5.7 hereof, on the Term Expiration Date (or earlier termination of this
Lease), Tenant shall quit and surrender possession of the Leased Premises to Landlord in broom clean condition and as good order and condition as they were in on the Term Commencement Date, reasonable wear and tear, taking by condemnation and damage
by casualty not caused by Tenant, its agents, employees, contractors, invitees and licensees excepted. Reasonable wear and tear shall not include any damage or deterioration that would have been prevented by good maintenance practice or by Tenant
performing all of its obligations under this Lease. Tenant shall, without cost to Landlord, remove all furniture, equipment, trade fixtures, debris and articles of personal property owned by Tenant in the Leased Premises, and shall repair any damage
to the Project resulting from such removal. Any such property not removed by Tenant by the Term Expiration Date (or earlier termination of this Lease) shall be considered abandoned, and Landlord may remove any or all of such items and dispose of
same in any lawful manner or store same in a public warehouse or elsewhere for the account and at the expense and risk of Tenant. If Tenant shall fail to pay the cost of storing any such property after storage for thirty (30) days or more,
Landlord may sell any or all of such property at public or private sale, in such manner and at such times and places as Landlord may deem proper, without notice to or demand upon Tenant. Landlord shall apply the proceeds of any such sale as follows:
first, to the costs of such 

  
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sale; second, to the costs of storing any such property; third, to the payment of any other sums of money which may then or thereafter be due to Landlord from Tenant under any of the terms of
this Lease; and fourth, the balance, if any, to Tenant. 
 (b)    In addition, on the Term Expiration Date (or earlier
termination of this Lease), Tenant shall remove, at its sole cost and expense, all of Tenant’s telecommunications lines and cabling installed by Tenant, including, without limitation, any such lines and cabling installed in the plenum or risers
of the Building in compliance with the National Electrical Code (collectively, “Wires”) and repair all damage caused thereby and restore the Leased Premises or the Building, as the case may be, to their condition existing prior to the
installation of the Wires (“Wire Restoration Work”). Landlord, at its option, may perform such Wire Restoration Work at Tenant’s sole cost and expense. In the event that Tenant fails to perform the Wire Restoration Work or refuses to
pay all costs of the Wire Restoration Work (if performed by Landlord) within ten (10) days of Tenant’s receipt of Landlord’s notice requesting Tenant’s reimbursement for or payment of such costs or otherwise fails to comply with
the provisions of this Section, Landlord may apply all or any portion of the Security Deposit toward the payment of any costs or expenses relative to the Wire Restoration Work or Tenant’s obligations under this Section. The retention or
application of such Security Deposit (if any) by Landlord pursuant to this Section does not constitute a limitation on or waiver of Landlord’s right to seek further remedy under law or equity. The provisions of this Section shall survive the
expiration or sooner termination of this Lease. 
 5.16    Tenant’s Remedies. 

(a)    Landlord shall not be deemed in breach of this Lease unless Landlord fails within a reasonable time to perform an
obligation required to be performed by Landlord. For purposes of this Section 5.16, a reasonable time shall in no event be less than thirty (30) days after receipt by Landlord, and by the holders of any ground lease, deed of trust or
mortgage covering the Leased Premises whose name and address shall have been furnished Tenant in writing for such purpose, of written notice specifying wherein such obligation of Landlord has not been performed; provided, however, that if the nature
of Landlord’s obligation is such that more than thirty (30) days after such notice are reasonably required for its performance, then Landlord shall not be in breach of this Lease if performance is commenced within said thirty (30)-day period and thereafter diligently pursued to completion. If Landlord fails to cure such default within the time provided for in this Lease, the holder of any such ground lease, deed of trust or mortgage
shall have an additional period of time as described in Section 9.26 below. The liability of Landlord to Tenant for any default by Landlord under the terms of this Lease shall be limited to the actual interest of Landlord and its present or
future partners or members in the Building, and Tenant agrees to look solely to Landlord’s interest in the Building for satisfaction of any liability and shall not look to other assets of Landlord nor seek any recourse against the assets of the
individual partners, members, directors, officers, shareholders, agents or employees of Landlord, including without limitation, any property management or asset management company of Landlord (collectively, the “Landlord Parties”). It is
the parties’ intention that Landlord and the Landlord Parties shall not in any event or circumstance be personally liable, in any manner whatsoever, for any judgment or deficiency hereunder or with respect to this Lease. Landlord shall not be
liable for any loss, injury or damage arising from any act or omission of any other tenant or occupant of the Building, nor shall Landlord be liable under any circumstances for damage or inconvenience to Tenant’s business or for any loss of
income or profit therefrom or for other consequential damages. The 

  
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liability of Landlord under this Lease is limited to its actual period of ownership of title to the Building. Any lien obtained to enforce any such judgment and any levy of execution thereon
shall be subject and subordinate to any lien, deed of trust or mortgage to which Section 5.12 applies or may apply. Tenant shall not have the right to terminate this Lease or withhold, reduce or offset any amount against any payments of Rent
due and payable under this Lease by reason of a breach of this Lease by Landlord, except as hereinafter provided. 

(b)    If (i) Tenant provides written notice to Landlord of an event or circumstance which requires the action of
Landlord with respect to repair and/or maintenance which solely affects the Leased Premises and no other tenant space, and Landlord fails to provide such action and the failure continues beyond the applicable cure period set forth in this
Section 5.16, and (ii) Landlord does not provide Tenant written notice reasonably objecting to the necessity or appropriateness of the Tenant requested repair and/or maintenance, then Tenant may proceed to take the required action upon
delivery of an additional ten (10) days’ notice to Landlord specifying that Tenant is taking such required action, and if such action was required under the terms of this Lease to be taken by Landlord and was not taken by Landlord within
such additional ten (10)-day period, then Tenant shall be entitled to prompt reimbursement by Landlord of Tenant’s reasonable direct
out-of- pocket costs and expenses in taking such action. If Landlord provides written notice to Tenant reasonably objecting to the necessity or appropriateness of the
Tenant requested repair and/or maintenance. Tenant’s sole remedy shall be to claim a default by Landlord and file an action in a court of competent jurisdiction in connection therewith. In the event Tenant takes such action, such work must be
performed in a first-class manner and in compliance with all applicable laws; and, if such work will affect the Building’s systems and equipment or the structural integrity of the Building, Tenant shall use only those contractors used by
Landlord in the Building for work on such systems and equipment (or structural components) (and Landlord shall cause such contractors to charge Tenant competitive rates for such work) unless such contractors are unwilling or unable to perform, or
timely perform, such work, in which event Tenant may utilize the services of any other qualified contractor which normally and regularly performs similar work in Comparable Buildings (as defined in Section 8.1). Further, if Landlord does not
deliver a detailed written objection to Tenant within thirty (30) days after receipt of an invoice by Tenant of Tenant’s costs of taking action which Tenant claims should have been taken by Landlord, and if such invoice from Tenant sets
forth a reasonably particularized breakdown of Tenant’s costs and expenses in connection with taking such action on behalf of Landlord, then Tenant shall be entitled to deduct from Base Rent payable by Tenant under this Lease, the amount set
forth in such invoice. If, however, Landlord delivers to Tenant within thirty (30) days after receipt of Tenant’s invoice, a written objection to the payment of such invoice, setting forth with reasonable particularity Landlord’s
reasons for its claim that such action did not have to be taken by Landlord pursuant to the terms of this Lease or that the charges are excessive (in which case Landlord shall pay the amount it contends would not have been excessive), then Tenant
shall not be entitled to such deduction from Base Rent, but as Tenant’s sole remedy, Tenant may proceed to claim a default by Landlord and file an action in a court of competent jurisdiction in connection therewith. 

5.17    Rules and Regulations. Tenant shall comply with the rules and regulations for the Project attached
as Exhibit D and such reasonable amendments thereto as Landlord may adopt from time to time with prior notice to Tenant. Notwithstanding the foregoing, it is understood that Rule No. 2 of such rules and regulations shall in no
event prevent Tenant from having snacks delivered to the Leased Premises, or from having lunches or other events catered in the Leased Premises. 

  
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 Article 6. 

Environmental Matters 

6.1    Hazardous Materials Prohibited. 

(a)    Tenant shall not cause or permit any Hazardous Material (as defined in Section 6.1(c) below) to be brought,
kept, used, generated, released or disposed in, on, under or about the Leased Premises or the Project by Tenant, its agents, employees, contractors, licensees or invitees (collectively, “Tenant’s Representatives”); provided, however,
that Tenant may use, store and dispose of, in accordance with applicable Governmental Requirements (as defined in Section 6.1(b), limited quantities of standard office and janitorial supplies, but only to the extent reasonably necessary for
Tenant’s operations in the Leased Premises. Tenant hereby indemnifies Landlord from and against (i) any breach by Tenant of the obligations stated in the preceding sentence, (ii) any breach of the obligations stated in
Section 6.1(b) below, or (iii) any claims or liability resulting from Tenant’s use of Hazardous Materials. Tenant hereby agrees to defend and hold Landlord harmless from and against any and all claims, liability, losses, damages,
costs and/or expenses (including, without limitation, diminution in value of the Project, or any portion thereof, damages for the loss or restriction on use of rentable or usable space or of any amenity of the Building, damages arising from any
adverse impact on marketing of space in the Building, and sums paid in settlement of claims, fines, penalties, attorneys’ fees, consultants’ fees and experts’ fees) which arise during or after the Term as a result of any breach of the
obligations stated in Sections 6,1 (a) or 6.1(b) or otherwise resulting from Tenant’s use of Hazardous Materials. This indemnification of Landlord by Tenant includes, without limitation, death of or injury to person, damage to any property or
the environment and costs incurred in connection with any investigation of site conditions or any cleanup, remedial, removal, or restoration work required by any federal, state or local governmental agency or political subdivision because of any
Hazardous Material present in, on, under or about the Leased Premises or the Project (including soil and ground water contamination) which results from such a breach. Without limiting the foregoing, if the presence of any Hazardous Material in, on,
under or about the Leased Premises or the Project caused or permitted by Tenant results in any contamination of the Leased Premises or the Project, Tenant shall promptly take all actions at its sole expense as are necessary to return the same to the
condition existing prior to the introduction of such Hazardous Material; provided that Landlord’s approval of such actions, and the contractors to be used by Tenant in connection therewith, shall first be obtained. This indemnification of
Landlord by Tenant shall survive the expiration or sooner termination of this Lease. 
 (b)    Tenant covenants and
agrees that Tenant shall at all times be responsible and liable for, and be in compliance with, all federal, state, local and regional laws, ordinances, rules, codes and regulations, as amended from time to time (“Governmental
Requirements”), relating to health and safety and environmental matters, arising, directly or indirectly, out of the use of Hazardous Materials (as defined in Section 6.1(c) below) in the Project, including the specific laws, ordinances
and regulations referred to in Section 6.1(c) below. Health and safety and environmental matters for which Tenant is responsible under this paragraph include, without limitation (i) notification and reporting to governmental agencies,
(ii) the provision of warnings of 

  
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potential exposure to Hazardous Materials to Landlord and Tenant’s agents, employees, licensees, contractors and others, (iii) the payment of taxes and fees, (iv) the proper off-site transportation and disposal of Hazardous Materials, and (v) all requirements, including training, relating to the use of equipment. Immediately upon discovery of a release of Hazardous Materials,
Tenant shall give written notice to Landlord, whether or not such release is subject to reporting under Governmental Requirements. The notice shall include information on the nature and conditions of the release and Tenant’s planned response.
Tenant shall be liable for the cost of any clean-up of the release of any Hazardous Materials by Tenant or Tenant’s Representatives on the Project. 

(c)    As used in this Lease, 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, any substance, material or waste which is
(i) defined as a “hazardous waste” or similar term under the laws of the jurisdiction where the Project is located; (ii) designated as a “hazardous substance” pursuant to Section 311 of the Federal Water Pollution
Control Act (33 U.S.C. § 1317); (iii) defined as a “hazardous waste” pursuant to Section 1004 of the Federal Resource, Conservation and Recovery Act, 42 U.S.C. § 6901 et seq. (42 U.S.C. § 6903); (iv) defined as a
“hazardous substance” pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 et seq. (42 U.S.C. § 9601); (v) hydrocarbons, petroleum, gasoline, crude oil or any
products, by-products or fractions thereof; or (vi) asbestos in any form or condition. 

6.2    Limitations on Assignment and Subletting. In addition to the provisions of Section 5.6 above, it
shall not be unreasonable for Landlord to withhold its consent to any proposed assignment or subletting of the Leased Premises if (i) the proposed transferee’s anticipated use of the Leased Premises involves the generation, storage, use,
treatment, or disposal of Hazardous Material (excluding standard office and janitorial supplies; in limited quantities as hereinabove provided); (ii) the proposed transferee has been required by any prior landlord, lender or governmental authority
to take remedial action in connection with Hazardous Material contaminating a property if the contamination resulted from such transferee’s actions or use of the property in question; or (iii) the proposed transferee is subject to an
enforcement order issued by any governmental authority in connection with the generation, storage, use, treatment or disposal of a Hazardous Material. 

6.3    Right of Entry. In addition to the provisions of Section 5.11 above, Landlord, its employees,
agents and consultants, shall have the right to enter the Leased Premises at any time, in case of an emergency, and otherwise during reasonable hours and upon reasonable notice to Tenant, and only while accompanied by an employee or agent designated
by Tenant (provided that an employee or agent is made available by Tenant), in order to conduct periodic environmental inspections and tests to determine whether any Hazardous Materials are present. The costs and expenses of such inspections shall
be paid by Landlord unless a default or breach of this Lease, violation of Governmental Requirements or contamination caused or permitted by Tenant is found to exist or Landlord has reason to believe such a default exists. In such event, Tenant
shall reimburse Landlord upon demand, as Additional Rent, for the costs and expenses of such inspections. 

  
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 6.4    Notice to Landlord. Tenant shall immediately notify
Landlord in writing of: (i) any enforcement, clean-up, removal or other governmental or regulatory action instituted or threatened regarding the Leased Premises or the Project pursuant to any Governmental
Requirements; (ii) any claim made or threatened by any person against Tenant or the Leased Premises relating to damage, contribution, cost recovery, compensation, loss or injury resulting from or claimed to result from any Hazardous Material:
and (iii) any reports made to or received from any governmental agency arising out of or in connection with any Hazardous Material in or removed from the Leased Premises or the Project, including any complaints, notices, warnings or asserted
violations in connection therewith. Tenant shall also supply to Landlord as promptly as possible, and in any event within three (3) business days after Tenant first receives or sends the same, copies of all claims, reports, complaints, notices,
warnings, asserted violations or other communications relating in any way to the Leased Premises or Tenant’s use thereof. 

6.5    Disclosure as to Hazardous Materials. Landlord hereby discloses to Tenant that previous occupants or
others possessed and used or may have possessed and used office supplies, cleaning products, construction and decorating materials and other substances in or about the Leased Premises or portions thereof and which may contain or may have contained
Hazardous Materials. In addition: (i) portions of the Project (including, without limitation, the equipment rooms) contain Hazardous Materials of the kind ordinarily employed in such areas; and (ii) automobiles and other vehicles operated
or parked in the parking and loading dock areas emit substances which may contain Hazardous Materials. 
 Article 7. 

Insurance, Indemnity, Condemnation, Damage and Default 

7.1    Landlord’s Insurance. Landlord shall secure and maintain policies of insurance for the Project
covering loss of or damage to the Project, including the Tenant Improvements, if any, but excluding all subsequent alterations, additions and improvements to the Leased Premises, with loss payable to Landlord and to the holders of any deeds of
trust, mortgages or ground leases on the Project. Landlord shall not be obligated to obtain insurance for Tenant’s trade fixtures, equipment, furnishings, machinery or other property. Such policies shall provide protection against fire and
extended coverage perils and such additional perils as Landlord deems suitable, and with such deductible(s) as Landlord shall deem reasonably appropriate. Landlord shall further secure and maintain commercial general liability insurance with respect
to the Project in such amount as Landlord shall determine, such insurance to be in addition to and not in lieu of, the liability insurance required to be maintained by Tenant. Landlord may elect to self-insure for the coverages required under this
Section 7.1. If the annual cost to Landlord for any such insurance exceeds the standard rates because of the nature of Tenant’s operations. Tenant shall, upon receipt of appropriate invoices, reimburse Landlord for such increases in cost,
which amounts shall be deemed Additional Rent hereunder. Tenant shall not be named as an additional insured on any policy of insurance maintained by Landlord. 

7.2    Tenant’s Liability Insurance. Tenant (with respect to both the Leased Premises and the Project)
shall secure and maintain, at its own expense, at all times during the Term (including any early access period), a policy or policies of commercial general liability insurance with the premiums thereon fully paid in advance, protecting Tenant and
naming Landlord, the holders of any deeds of trust, mortgages or ground leases on the Project, and Landlord’s 

  
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representatives (which term, whenever used in this Article 7, shall be deemed to include Landlord’s partners, trustees, ancillary trustees, officers, directors, shareholders, beneficiaries,
agents, employees and independent contractors) as additional insureds against claims for bodily injury, personal injury, advertising injury and property damage (including attorneys’ fees) based upon, involving or arising out of Tenant’s
operations, assumed liabilities or Tenant’s use, occupancy or maintenance of the Leased Premises and the Common Areas of the Project. Such insurance shall provide for a minimum amount of Two Million Dollars ($2,000,000.00) for property damage
or injury to or death of one or more than one person in any one accident or occurrence, with an annual aggregate limit of at least Five Million Dollars ($5,000,000.00). The coverage required to be carried shall include fire legal liability, blanket
contractual liability, personal injury liability (libel, slander, false arrest and wrongful eviction), broad form property damage liability, products liability and completed operations coverage (as well as owned,
non-owned and hired automobile liability if an exposure exists) and the policy shall contain an exception to any pollution exclusion which insures damage or injury arising out of heat, smoke or fumes from a
hostile fire. Such insurance shall be written on an occurrence basis and contain a separation of insureds provision or cross-liability endorsement acceptable to Landlord. Tenant shall provide Landlord with a certificate evidencing such insurance
coverage. The certificate shall indicate that the insurance provided specifically recognizes the liability assumed by Tenant under this Lease and that Tenant’s insurance is primary to and not contributory with any other insurance maintained by
Landlord, whose insurance shall be considered excess insurance only. Not more frequently than every two (2) years, if, m the commercially reasonable opinion of any mortgagee of Landlord or of the insurance broker retained by Landlord, the
amount of liability insurance coverage at that time is not adequate, Tenant shall increase its liability insurance coverage as required by either any mortgagee of Landlord or Landlord’s insurance broker. Whenever, in Landlord’s reasonable
judgment, good business practice or change in conditions indicate a need for additional or different types of insurance, Tenant shall, within fifteen (15) days of receipt of Landlord’s request therefor, obtain the insurance at its own
expense. 
 7.3    Tenant’s Additional Insurance Requirements. 

(a)    Tenant shall secure and maintain, at Tenant’s expense, at all times during the Term (including any early
access period), a policy of physical damage insurance on all of Tenant’s fixtures, furnishings, equipment, machinery, merchandise and personal property in the Leased Premises and on any alterations, additions or improvements made by or for
Tenant upon the Leased Premises, all for the full replacement cost thereof without deduction for depreciation of the covered items and in amounts that meet any co-insurance clauses of the policies of
insurance. Such insurance shall insure against those risks customarily covered in an “all risk” policy of insurance covering physical loss or damage. Tenant shall use the proceeds from such insurance for the replacement of fixtures,
furnishings, equipment and personal property and for the restoration of any alterations, additions or improvements to the Leased Premises. In addition, Tenant shall secure and maintain, at all times during the Term, loss of income, business
interruption and extra expense insurance in such amounts as will reimburse Tenant for direct or indirect loss of earnings and incurred costs for a minimum period of twelve (12) months attributable to all perils commonly insured against by
prudent tenants or attributable to prevention of access to the Leased Premises or to the Building as a result of such perils; such insurance shall be maintained with Tenant’s property insurance carrier. Further, Tenant shall secure and maintain
at all times during the Term workers’ compensation insurance in such amounts as are required by 

  
 27 

 
law, employer’s liability insurance in the amount of One Million Dollars ($1,000,000.00) per occurrence, and all such other insurance as may be required by applicable law or as may be
reasonably required by Landlord. In the event Tenant makes any alterations, additions or improvements to the Leased Premises, prior to commencing any work in the Leased Premises, Tenant shall secure “builder’s all risk” insurance
which shall be maintained throughout the course of construction, such policy being an all risk builder’s risk completed value form, in an amount approved by Landlord, but not less than the total contract price for the construction of such
alterations, additions or improvements and covering the construction of such alterations, additions or improvements, and such other insurance as Landlord may reasonably require, it being understood and agreed that all of such alterations, additions
or improvements shall be insured by Tenant pursuant to this Section 7.3 immediately upon completion thereof. Tenant shall provide Landlord with certificates of all such insurance. The property insurance certificate shall confirm that the waiver
of subrogation required to be obtained pursuant to Section 7.5 is permitted by the insurer. Tenant shall, at least thirty (30) days prior to the expiration of any policy of insurance required to be maintained by Tenant under this Lease,
furnish Landlord with an “insurance binder” or other satisfactory evidence of renewal thereof. 
 (b)    All
policies required to be carried by Tenant under this Lease shall be issued by and binding upon a reputable insurance company of good financial standing licensed to do business in the State of California with a rating of at least A-IX or such other rating as may be required by a lender having a lien on the Project, as set forth in the most current issue of “Best’s Insurance Reports.” Tenant shall not do or permit anything to
be done that would invalidate the insurance policies referred to in this Article 7. All policies required to be carried by Tenant under this Article 7 shall contain a waiver of subrogation endorsement and shall contain an endorsement or endorsements
providing that (i) Landlord and its affiliated entities, the property manager for the Building, the asset manager for the Building, and any lender with a deed of trust encumbering the Project or any part thereof, of whom Landlord has notified
Tenant, are included as additional insureds, (ii) the insurer agrees not to cancel or alter the policy without at least thirty (30) days’ prior written notice to Landlord and all named and additional insureds, and (iii) all such
insurance maintained by Tenant is primary, with any other insurance available to Landlord or any other named or additional insured being excess and non-contributing. 

(c)    Tenant shall provide evidence of each of the policies of insurance which Tenant is required to obtain and maintain
pursuant to this Lease on or before the Term Commencement Date (or the start of any early access period) and at least thirty (30) days prior to the expiration of any policy, which evidence shall be binding upon the insurance carrier, shall be
accompanied by a copy of the ISO Additional Insured Endorsement CG 2037 or CG 2026 (or their equivalent), as applicable, and, as to property insurance, shall be in the form of an “ACORD 28 (10/2003)” evidence of insurance or other form
reasonably acceptable to Landlord. In the event that Tenant fails to provide evidence of insurance required to be provided by Tenant under this Lease, prior to commencement of the Term, and thereafter during the Term, within ten (10) days
following Landlord’s written request therefor, Landlord shall be authorized (but not required) to procure such coverage in the amounts stated with all costs thereof (plus a fifteen percent (15%) administrative fee) to be chargeable to Tenant
and payable upon written invoice therefor, which amounts shall be deemed Additional Rent hereunder. 

  
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 (d)    The minimum limits of insurance required by this Lease, or as
carried by Tenant, shall not limit the liability of Tenant nor relieve Tenant of any obligation hereunder. 

7.4    Indemnity and Exoneration. 

(a)    To the extent not prohibited by law, Landlord and Landlord’s representatives, partners, members, agents,
employees, directors, officers, successors and assigns (“Landlord’s Representatives”) shall not be liable for any loss, injury or damage to person or property of Tenant, Tenant’s agents, employees, contractors, invitees or any
other person, whether caused by theft, fire, act of God, acts of the public enemy, riot, strike, insurrection, war, court order, requisition or order of governmental body or authority or which may arise through repair, alteration or maintenance of
any part of the Project or failure to make any such repair or from any other cause whatsoever, except as expressly otherwise provided in Sections 7.6 and 7.7. Landlord shall not be liable for any loss, injury or damage arising from any act or
omission of any other tenant or occupant of the Project, nor shall Landlord be liable under any circumstances for damage or inconvenience to Tenant’s business or for any loss of income or profit therefrom. 

(b)    Landlord shall indemnify, protect, defend and hold Tenant and Tenant’s Representatives, harmless of and from
any and all claims, liability, costs, penalties, fines, damages, injury, judgments, forfeiture, losses (including without limitation diminution in the value of the Leased Premises) or expenses (including without limitation attorneys’ fees,
consultant fees, testing and investigation fees, expert fees and court costs) arising out of or in any way related to or resulting directly or indirectly from (i) the negligent activities or willful misconduct of Landlord or Landlord’s
Representatives in or about the Leased Premises or the Project, (ii) any failure to comply with any applicable law, and (iii) any default or breach by Landlord in the performance of any obligation of Landlord under this Lease; provided,
however, that the foregoing indemnity shall not be applicable to claims arising by reason of the negligence or willful misconduct of Tenant. 

(c)    Tenant shall indemnify, protect, defend and hold the Project. Landlord and Landlord’s Representatives,
harmless of and from any and all claims, liability, costs, penalties, fines, damages, injury, judgments, forfeiture, losses (including without limitation diminution in the value of the Leased Premises) or expenses (including without limitation
attorneys’ fees, consultant fees, testing and investigation fees, expert fees and court costs) arising out of or in any way related to or resulting directly or indirectly from (i) the use or occupancy of the Leased Premises, (ii) the
activities of Tenant or Tenant’s Representatives in or about the Leased Premises or the Project, (iii) any failure to comply with any applicable law, and (iv) any default or breach by Tenant in the performance of any obligation of
Tenant under this Lease; provided, however, that the foregoing indemnity shall not be applicable to claims arising by reason of the negligence or willful misconduct of Landlord. 

(d)    Tenant shall indemnify, protect, defend and hold the Project, Landlord and its representatives, harmless of and
from any and all claims, liability, costs, penalties, fines, damages, injury, judgments, forfeiture, losses (including without limitation diminution in the value of the Leased Premises) or expenses (including without limitation attorneys’ fees,
consultant fees, testing and investigation fees, expert fees and court costs) arising out of or in any way related to or resulting directly or indirectly from work or labor performed, materials or supplies furnished to or at the request of Tenant or
in connection with obligations incurred by or performance of any work done for the account of Tenant in the Leased Premises or the Project. 

  
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 (e)    The provisions of this Section 7.4 shall survive the
expiration or sooner termination of this Lease. EACH PARTY HERETO ACKNOWLEDGES IT HAS READ AND UNDERSTANDS THE MEANING AND RAMIFICATIONS OF THE PROVISIONS SET FORTH IN THIS SECTION 7.4 AND FURTHER ACKNOWLEDGES THAT SUCH PROVISIONS WERE
SPECIFICALLY NEGOTIATED. 
 7.5    Waiver of Subrogation. Anything in this Lease to the contrary
notwithstanding. Landlord and Tenant each waives all rights of recovery, claim, action or cause of action against the other, its agents (including partners, both general and limited), trustees, officers, directors, and employees, for any loss or
damage that may occur to the Leased Premises, or any improvements thereto, or the Project or any personal property of such party therein, by reason of any cause required to be insured against under this Lease to the extent of the coverage required,
regardless of cause or origin, including negligence of the other party hereto, provided that such party’s insurance is not invalidated thereby; and each party covenants that, to the fullest extent permitted by law, no insurer shall hold any
right of subrogation against such other party. Tenant shall advise its insurers of the foregoing and such waiver shall be a part of each policy maintained by Tenant which applies to the Leased Premises, any part of the Project or Tenant’s use
and occupancy of any part thereof. 
 7.6    Condemnation. 

(a)    If the Leased Premises are taken under the power of eminent domain or sold under the threat of the exercise of such
power (all of which are referred to herein as “condemnation”), this Lease shall terminate as to the part so taken as of the date the condemning authority takes title or possession, whichever first occurs (the “date of taking”).
If the Leased Premises or any portion of the Project is taken by condemnation to such an extent as to render the Leased Premises untenantable as reasonably determined by Landlord or Tenant, this Lease shall, at the option of either party to be
exercised in writing within thirty (30) days after receipt of written notice of such taking, forthwith cease and terminate as of the date of taking. All proceeds from any condemnation of the Leased Premises shall belong and be paid to Landlord,
subject to the rights of any mortgagee of Landlord’s interest in the Project or the beneficiary of any deed of trust which constitutes an encumbrance thereon; provided that Tenant shall be entitled to any compensation separately awarded to
Tenant for Tenant’s relocation expenses and/or, loss of Tenant’s trade fixtures. If this Lease continues in effect after the date of taking pursuant to the provisions of this Section 7.6(a), Landlord shall proceed with reasonable
diligence to repair, at its expense, the remaining parts of the Project and the Leased Premises to substantially their former condition to the extent that the same is feasible (subject to reasonable changes which Landlord shall deem desirable) and
so as to constitute a complete and tenantable Project and Leased Premises. Following a taking, Gross Rent shall thereafter be equitably adjusted according to the remaining Rentable Area of the Leased Premises and the Building. Except as hereinafter
provided, in the event of any taking. Landlord shall have the right to all compensation, damages, income, rent or awards made with respect thereto (collectively an “award”), including any award for the value of the leasehold estate created
by this Lease. No award to Landlord shall be apportioned and, subject to Tenant’s rights hereinafter specified Tenant hereby assigns to Landlord any right of Tenant in 

  
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any award to Landlord made for any taking. So long as such claim will not reduce any award otherwise payable to Landlord under this Section 7.6, Tenant may seek to recover, at its cost and
expense, as a separate claim, any damages or awards payable on a taking of the Leased Premises to compensate for the unamortized cost paid by Tenant for the alterations, additions or improvements, if any, made by Tenant during the initial
improvement of the Leased Premises and for any alterations, or for Tenant’s personal property taken, or for interference with or interruption of Tenant’s business (including goodwill), or for Tenant’s removal and relocation expenses.

 (b)    In the event of a temporary taking of all or a portion of the Leased Premises, there shall be no abatement of
Rent and Tenant shall remain fully obligated for performance of all of the covenants and obligations on its part to be performed pursuant to the terms of this Lease. As used herein, a taking shall be deemed temporary if it negatively impacts
Tenant’s use and occupancy of the Leased Premises for thirty (30) days or less. 
 7.7    Damage or
Destruction. In the event of a fire or other casualty in the Leased Premises, Tenant shall immediately give notice thereof to Landlord. The following provisions shall then apply: 

(a)    If the damage is limited solely to the Leased Premises and the Leased Premises can, in Landlord’s reasonable
opinion, be made tenantable with all damage repaired (excluding Tenant’s personal property, trade fixtures, equipment and any Tenant Improvements or alterations installed by or on behalf of Tenant) within six (6) months from the date of
damage, then Landlord shall be obligated to rebuild the same to substantially their former condition to the extent that the same is feasible (subject to reasonable changes which Landlord shall deem desirable and such changes as may be required by
applicable law) and shall proceed with reasonable diligence to do so and this Lease shall remain in full force and effect. 

(b)    If portions of the Project outside the boundaries of the Leased Premises are damaged or destroyed (whether or not
the Leased Premises are also damaged or destroyed) and the Leased Premises and the Project can, in Landlord’s opinion, both be made tenantable with all damage repaired (excluding Tenant’s personal property, trade fixtures, equipment and
any Tenant Improvements or alterations installed by or on behalf of Tenant) within six (6) months from the date of damage or destruction, and provided that Landlord determines that it is economically feasible, then Landlord shall be obligated
to rebuild the same to substantially their former condition to the extent that the same is feasible (subject to reasonable changes which Landlord shall deem desirable and such changes as may be required by applicable law) and shall proceed with
reasonable diligence to do so and this Lease shall remain in full force and effect. 
 (c)    Notwithstanding anything
to the contrary contained in Sections 7.7(a) or 7.7(b) above, Landlord shall not have any obligation whatsoever to repair, reconstruct or restore the Leased Premises if (i) the cost to repair and restore the Building is twenty-five percent
(25%) or more of the replacement cost of the entire Building prior to such damage or destruction, (ii) the holder of any mortgage or beneficiary of any deed of trust requires that Landlord’s insurance proceeds be paid to it, or
(iii) when any damage thereto or to the Building occurs during the last eighteen (18) months of the Term. Under such circumstances, Landlord shall notify Tenant of its decision not to rebuild within ninety (90) days of such damage,
whereupon the Lease shall terminate as of the date of such notice. 

  
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 (d)    If neither Section 7.7(a) nor 7.7(b) above applies, Landlord
shall so notify Tenant within ninety (90) days after the date of the damage or destruction and Landlord may terminate this Lease within thirty (30) days after the date of such notice, such termination notice to be immediately effective;
provided, however, that if Landlord elects to reconstruct the Project and the Leased Premises, such election to be made at Landlord’s sole option, in which event (i) Landlord shall notify Tenant of such election within said ninety
(90) day period, and (ii) Landlord shall proceed with reasonable diligence to rebuild the Project and the Leased Premises to substantially their former condition to the extent that the same is feasible (subject to reasonable changes which
Landlord shall deem desirable and such changes as may be required by applicable law) but excluding Tenant’s personal property, trade fixtures, equipment and any Tenant Improvements or alterations installed by or on behalf of Tenant. 

(e)    During any period when Tenant’s use of the Leased Premises is significantly impaired by damage or destruction,
Base Rent shall abate in proportion to the degree to which Tenant’s use of the Leased Premises is impaired and Tenant does not actually use the Leased Premises until such time as the Leased Premises are made tenantable as reasonably determined
by Landlord; provided that no such rental abatement shall be permitted if the casualty is the result of the negligence or willful misconduct of Tenant or Tenant’s Representatives. 

(f)    The proceeds from any insurance paid by reason of damage to or destruction of the Project or any part thereof
insured by Landlord shall belong to and be paid to Landlord, subject to the rights of any mortgagee of Landlord’s interest in the Project or the beneficiary of any deed of trust which constitutes an encumbrance thereon. Tenant shall be
responsible at its sole cost and expense for the repair, restoration and replacement of (i) its fixtures, furnishings, equipment, machinery, merchandise and personal property in the Leased Premises, and (ii) its alteration, additions and
improvements. 
 (g)    Landlord’s repair and restoration obligations under this Section 7.7 shall not impair
or otherwise affect the rights and obligations of the parties set forth elsewhere in this Lease. Subject to Section 7.7(e), Landlord shall not be liable for any inconvenience or annoyance to Tenant, its employees, agents, contractors or
invitees, or injury to Tenant’s business resulting in any way from such damage or the repair thereof. Landlord and Tenant agree that the terms of this Lease shall govern the effect of any damage to or destruction of the Leased Premises or the
Project with respect to the termination of this Lease and hereby waive the provisions of any present or future statute or law to the extent inconsistent therewith. 

(h)    Tenant shall promptly replace or repair, at Tenant’s cost and expense. Tenant’s movable furniture,
equipment, trade fixtures and other personal property in the Leased Premises which Tenant shall be responsible for insuring during the Term of this Lease. 

(i)    Tenant shall pay to Landlord, as Additional Rent, the deductible amounts under the insurance policies obtained by
Landlord and Tenant under this Lease if the proceeds are used to repair the Leased Premises. However, if other portions of the Building arc also damaged by said casualty and insurance proceeds are payable therefor, then Tenant shall only pay its
Proportionate Share of the deductible as reasonably determined by Landlord. If any portion of the Leased Premises is damaged and is not fully covered by the aggregate of insurance proceeds received by Landlord and any applicable deductible, and
Tenant does not voluntarily contribute 

  
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any shortfall thereof, then Landlord shall have the right to terminate this Lease by delivering written notice of termination to Tenant within sixty (60) days after the date of notice to
Tenant of such event, whereupon this Lease shall terminate thirty (30) days after Tenant’s receipt of such notice, and Tenant shall immediately vacate the Leased Premises and surrender possession thereof to Landlord in the condition
required under this Lease. 
 (j)    The respective rights and obligations of Landlord and Tenant in the event of any
damage to or destruction of the Leased Premises, or any other portion of the Building or the Project, are governed exclusively by this Lease. Accordingly, Tenant hereby waives the provisions of any law to the contrary, including California Civil
Code Sections 1932(2), 1933(4), 1941 and 1942 and any similar or successor laws and any other laws providing for the termination of a lease upon destruction of the leased property. 

7.8    Default by Tenant. 

(a)    Events of Default. The occurrence of any of the following shall constitute an event of default on the part
of Tenant: 
 (1)    Abandonment. Vacating the Leased Premises without the intention to reoccupy same, or
abandonment of the Leased Premises for a continuous period in excess of ten (10) days; 
 (2)    Nonpayment of
Rent. Failure to pay any installment of Rent due and payable hereunder on the date when payment is due; furthermore, if Tenant shall be served with a demand for the payment of past due Rent, any payment(s) tendered thereafter to cure any default
by Tenant shall be made only by cashier’s check, wire-transfer or direct deposit of immediately available funds; 

(3)    Other Obligations. Failure to perform any obligation, agreement or covenant under this Lease other than
those matters specified in subsections 7.8(a)(1), 7.8(a)(2) or 7.8(a)( 12), such failure continuing for a period of fifteen (15) days after receipt of written notice of such failure (or such longer period as is reasonably necessary to remedy
such default (not to exceed sixty (60) days after receipt of notice thereof), provided that Tenant commences the remedy within such fifteen (15)-day period and continuously and diligently pursues such
remedy at all times until such default is cured); 
 (4)    General Assignment. Any general arrangement or
assignment by Tenant for the benefit of creditors; 
 (5)    Bankruptcy. The filing of any voluntary petition in
bankruptcy by Tenant, or the filing of an involuntary petition against Tenant, which involuntary petition remains undischarged for a period of sixty (60) days. In the event that under applicable law the trustee in bankruptcy or Tenant has the
right to affirm this Lease and continue to perform the obligations of Tenant hereunder, such trustee or Tenant shall, within such time period as may be permitted by the bankruptcy court having jurisdiction, cure all defaults of Tenant hereunder
outstanding as of the date of the affirmance of this Lease and provide to Landlord such adequate assurances as may be necessary to ensure Landlord of the continued performance of Tenant’s obligations under this Lease; 

  
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 (6)    Receivership. The appointment of a trustee or receiver to
take possession of all or substantially all of Tenant’s assets or the Leased Premises, where possession is not restored to Tenant within thirty (30) days; 

(7)    Attachment. The attachment, execution or other judicial seizure of all or substantially all of
Tenant’s assets or the Leased Premises, if such attachment or other seizure remains undismissed or undischarged for a period of thirty (30) days after the levy thereof; 

(8)    Insolvency. The admission by Tenant in writing of its inability to pay its debts as they become due; the
filing by Tenant of a petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation; the filing by Tenant of an answer admitting or
failing timely to contest a material allegation of a petition filed against Tenant in any such proceeding; or, if within sixty (60) days after the commencement of any proceeding against Tenant seeking any reorganization, arrangement,
composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such proceeding shall not have been dismissed; 

(9)    Intentionally Omitted; 

(10)    Intentionally Omitted; 

(11)    Intentionally Omitted; 

(12)    Misrepresentation. The discovery by Landlord that any representation, warranty or financial statement
given to Landlord by Tenant was materially false or misleading; or 
 (13)    SNDA/Estoppel. Failure to deliver
the documents required to be delivered by Tenant under Sections 5.12(a) and/or 5.13 above within the applicable time period set forth in such sections, but only after Landlord has notified Tenant in writing of such failure, and such failure is not
cured within another five (5) business days after Tenant’s receipt of such second (2nd) notice. 

(b)    Remedies Upon Default: 

(1)    Termination. If an event of default occurs, Landlord shall have the right, with or without notice or
demand, immediately (after expiration of any applicable grace period specified herein) to terminate this Lease, and at any time thereafter recover possession of the Leased Premises or any part thereof and expel and remove therefrom Tenant and any
other person occupying the same, by any lawful means, and again repossess and enjoy the Leased Premises without prejudice to any of the remedies that Landlord may have under this Lease, or at law or in equity by reason of Tenant’s default or of
such termination. In addition to the foregoing, if at any time, Tenant is in default of any term, condition or provision of this Lease beyond all applicable notice and cure periods, to the fullest extent permitted by law, any express or implicit
waiver by Landlord of Tenant’s requirement to pay Base Rent shall be amortized over the Term and Tenant shall immediately pay to Landlord the unamortized portion of such Base Rent so expressly or implicitly waived by Landlord as of the date of
expiration of all cure periods for such Tenant default. 

  
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 (2)    Continuation After Default. Even though Tenant has
breached this Lease and/or abandoned the Leased Premises, this Lease shall continue in effect for so long as Landlord does not terminate Tenant’s right to possession under subsection 7.8(b)(1) hereof in writing, and Landlord may enforce all of
its rights and remedies under this Lease, including (but without limitation) the right to recover Rent as it becomes due, and Landlord, without terminating this Lease, may exercise all of the rights and remedies of a landlord under
Section 1951.4 of the Civil Code of the Slate of California or any amended or successor code section. Acts of maintenance or preservation, efforts to relet the Leased Premises or the appointment of a receiver upon application of Landlord to
protect Landlord’s interest under this Lease shall not constitute an election to terminate Tenant’s right to possession. If Landlord elects to relet the Leased Premises for the account of Tenant, the rent received by Landlord from such
reletting shall be applied as follows: first, to the payment of tiny indebtedness other than Rent due hereunder from Tenant to Landlord; second, to the payment of any costs of such reletting; third, to the payment of the cost of any alterations or
repairs to the Leased Premises; fourth, to the payment of Rent due and unpaid hereunder; and the balance, if any, shall be held by Landlord and applied in payment of future Rent as it becomes due. If that portion of rent received from the reletting
which is applied against the Rent due hereunder is less than the amount of the Rent due, Tenant shall pay the deficiency to Landlord promptly upon demand by Landlord. Such deficiency shall be calculated and paid monthly. Tenant shall also pay to
Landlord, as soon as determined, any costs and expenses incurred by Landlord in connection with such reletting or in making alterations and repairs to the Leased Premises, which are not covered by the rent received from the reletting. 

(c)    Damages Upon Termination. Should Landlord terminate this Lease pursuant to the provisions of subsection
7.8(b)(1) hereof, Landlord shall have all the rights and remedies of a landlord provided by Section 1951.2 of the Civil Code of the State of California. Upon such termination, in addition to any other rights and remedies to which Landlord may
be entitled under applicable law. Landlord shall be entitled to recover from Tenant: (i) the worth at the time of award of the unpaid Rent and other amounts which had been earned at the time of termination; (ii) the worth at the time of
award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such Rent loss that Tenant proves could have been reasonably avoided; (iii) the worth at the time of award
of the amount by which the unpaid Rent for the balance of the Term after the time of award exceeds the amount of such Rent loss that Tenant proves could be reasonably avoided; and (iv) any other amount necessary to compensate Landlord for all
the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or which, in the ordinary course of things, would be likely to result therefrom. The “worth at the time of award” of the amounts referred
to in clauses (i) and (ii) shall be computed with interest at the lesser of twelve percent (12%) per annum or the maximum rate then allowed by law. The “worth at the time of award” of the amount referred to in clause (iii) shall
be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of the award plus one percent (1%). 

(d)    Computation of Rent for Purposes of Default. For purposes of computing unpaid Rent which would have accrued
and become payable under this Lease pursuant to the provisions of Section 7.8(c), unpaid Rent shall consist of the sum of: 

  
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 (1)    the total Base Rent for the balance of the Term, plus 

(2)    a computation of Tenant’s Proportionate Share of Basic Operating Costs and of Tenant’s Proportionate
Share of Property Taxes for the balance of the Term, the assumed amount for the Computation Year of the default and each future Computation Year in the Term to be equal to Tenant’s Proportionate Share of Basic Operating Costs and Tenant’s
Proportionate Share of Property Taxes, respectively, for the Computation Year immediately prior to the year in which default occurs, compounded at a per annum rate equal to the mean average rate of inflation for the preceding five (5) calendar
years as determined by the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index (All Urban Consumers, all items (1982- 84” 100)) for the Metropolitan Area or Region in which the Project is located. If such Index is
discontinued or revised, the average rate of inflation shall be determined by reference to the index designated as the successor or substitute index by the government of the United States. 

(e)    Late Charge. If any payment required to be made by Tenant under this Lease is not received by Landlord on or
before the date the same is due, Tenant shall pay to Landlord an amount equal to ten percent (10%) of the delinquent amount. The parties agree that Landlord would incur costs not contemplated by this Lease by virtue of such delinquencies, including
without limitation administrative, collection, processing and accounting expenses, the amount of which would be extremely difficult to compute, and the amount stated herein represents a reasonable estimate thereof. Acceptance of such late charge by
Landlord shall in no event constitute a waiver of Tenant’s breach or default with respect to such delinquency, or prevent Landlord from exercising any of Landlord’s other rights and remedies. Notwithstanding the foregoing, Landlord will
not assess a late charge until Landlord has given written notice of such late payment for the first late payments in any calendar year and after Tenant has not cured such late payment within five (5) business days from receipt of such notice.
After Landlord has given written notice of one (I) late payment in any calendar year, no other notices will be required during the remainder of the applicable calendar year for a late charge to be assessed to Tenant. 

(f)    Interest on Past-Due Obligations. Except as expressly otherwise
provided in this Lease, any Rent due Landlord hereunder, other than late charges, which is not received by Landlord on the date on which it was due. shall bear interest from the day after it was due at the lesser of ten percent (10%) per annum or
the maximum rate then allowed by law, in addition to the late charge provided for in Section 7.8(e). 

(g)    Landlord’s Right to Perform. Notwithstanding anything to the contrary set forth elsewhere in this
Lease, in the event Tenant fails to perform any affirmative duty or obligation of Tenant under this Lease, provided Landlord has delivered to Tenant advance written notice of Landlord’s intent with regard to the following, then Landlord may
(but shall not be obligated to) perform such duty or obligation on Tenant’s behalf without waiving any of Landlord’s rights in connection therewith or releasing Tenant from any of its obligations or such default, including, without
limitation, the obtaining of insurance policies or governmental licenses, permits or approvals. Tenant shall reimburse Landlord upon demand for the costs and expenses of any such performance (including penalties, interest and attorneys’ fees
incurred in connection therewith). Such costs and expenses incurred by Landlord shall be deemed Additional Rent hereunder. 

  
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 (h)    Remedies Cumulative. All rights, privileges and elections
or remedies of Landlord are cumulative and not alternative with all other rights and remedies at law or in equity to the fullest extent permitted by law. 

(i)    Waiver. Tenant waives any right of redemption or relief from forfeiture under California Code of Civil
Procedure Sections 1174 and 1179 and California Civil Code Section 3275, or under any other present or future law in the event Tenant is evicted and Landlord lakes possession of the Leased Premises by reason of a default. 

Article 8. 
 Tenant
Options 
 8.1    Option to Renew. 

(a)    Landlord hereby grants to Tenant one (1) option (the “Option”) to extend the Term of this Lease for
an additional period of seven (7) years (the “Option Term”), all on the following terms and conditions: 

(1)    The Option must be exercised, if at all, by written notice irrevocably exercising the Option (“Option
Notice”) delivered by Tenant, to Landlord not later than nine (9) months and not earlier than twelve (12) months prior to the Term Expiration Date. Further, at Landlord’s option, the Option shall not be deemed to be properly
exercised if, as of the date of the Option Notice or at the Term Expiration Date, (i) Tenant is in default under this Lease beyond all applicable notice and cure periods, (ii) Tenant has assigned this Lease or sublet more than forty
percent (40%) of the Leased Premises (other than to an affiliate or subsidiary of Tenant), (iii) Tenant, or Tenant’s affiliate or subsidiary, is in possession of less than sixty percent (60%) of the square footage of the Leased Premises,
or (iv) Tenant has been in default beyond all applicable notice and cure periods at any time during the Term. Provided Tenant has properly and timely exercised the Option, the Term of this Lease shall be extended for the period of the Option
Term (and the Option Term shall be part of the “Term”), and all terms, covenants and conditions of this Lease shall remain unmodified and in full force and effect, except that (i) the Tenant Improvements, if any, set forth in
Exhibit B shall not apply to the Option Term (Tenant shall accept the Leased Premises in its AS IS condition existing prior to Option Term), (ii) the Base Rent shall be modified as set forth in subsection 8.1(a)(2) below, and
(iii) Tenant shall have no further right to extend the Term. 
 (2)    The Base Rent payable for the initial year
of the Option Term shall be the greater of (i) the Base Rent payable on the Term Expiration Date, or (ii) the then-current rental rate per rentable square foot (as further defined below, “FMRR”) being agreed to (with annual
market increases) in new and renewal leases by Landlord and other landlords of Class A office buildings in the downtown Oakland submarket of Oakland, California which are comparable in quality, location and prestige to the Building
(“Comparable Buildings”) and tenants leasing space in the Building or Comparable Buildings. As used herein, “FMRR” shall mean the rental rate per rentable square foot for which Landlord and/or other landlords are entering into
new and renewal leases for office space in the Building and/or Comparable Buildings (“Comparative Transactions”), taking into consideration fair market annual increases and the value of existing tenant improvements in the Leased Premises.
To the extent such other Comparable Buildings have 

  
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historically received lower or higher rents than the rents in the Building, then for the purpose of arriving at the FMRR, such rates when used to establish the FMRR in the Building shall be
increased or decreased as appropriate to reflect such historical differences. Landlord shall provide its determination of the FMRR to Tenant within twenty (20) days after Landlord receives the Option Notice. Tenant shall have ten (10) days
(“Tenant’s Review Period”) after receipt of Landlord’s notice of the FMRR within which to accept such FMRR or to reasonably object thereto in writing. In the event Tenant objects to the FMRR submitted by Landlord, Landlord and
Tenant shall attempt to agree upon such FMRR. If Landlord and Tenant fail to reach agreement on such FMRR within ten (10) days following Tenant’s Review Period (the “Outside Agreement Date”), then each party shall place in a
separate sealed envelope its final proposal as to FMRR and such determination shall be submitted to arbitration in accordance with subparagraph 8.1(b) below. 

(b)    Landlord and Tenant shall meet with each other within three (3) business days of the Outside Agreement Date
and exchange the scaled envelopes and then open such envelopes in each other’s presence. If Landlord and Tenant do not mutually agree upon the FMRR within one (1) business day of the exchange and opening of envelopes, then, within ten
(10) business days of the exchange and opening of envelopes, Landlord and Tenant shall agree upon and jointly appoint one arbitrator who shall be by profession be a real estate appraiser or broker who shall have been active over the ten
(10) year period ending on the date of such appointment in the leasing of comparable commercial properties in the vicinity of the Building. Neither Landlord nor Tenant shall consult with such broker or appraiser as to his or her opinion as to
FMRR prior to the appointment. The determination of the arbitrator shall be limited solely to the issue of whether Landlord’s or Tenant’s submitted FMRR for the Leased Premises is the closer to the actual rental rate per rentable square
foot for new leases for Comparative Transactions. Such arbitrator may hold such meetings and require such additional information as the arbitrator, in his or her sole discretion, determines is necessary. In addition, Landlord or Tenant may submit to
the arbitrator with a copy to the other party within two (2) business days after the appointment of the arbitrator any data and additional information that such party deems relevant to the determination by the arbitrator (“Data”) and
the other party may submit a reply in writing within two (2) business days after receipt of such Data. 

(1)    The arbitrator shall, within thirty (30) days of his or her appointment, reach a decision as to whether the
parties shall use Landlord’s or Tenant’s submitted FMRR, and shall notify Landlord and Tenant of such determination. 

(2)    The decision of the arbitrator shall be binding upon Landlord and Tenant. 

(3)    If Landlord and Tenant fail to agree upon and appoint such arbitrator, then the appointment of the arbitrator
shall be made by the American Arbitration Association. 
 (4)    The cost of arbitration shall be paid by the losing
party. 
 (5)    The arbitration proceeding and all evidence given or discovered pursuant thereto shall be maintained
in confidence by all parties. 

  
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 8.2    Right of First Offer as to 6th Floor Space. Tenant shall have a right of first offer to lease space on the 6th floor of the Building (as applicable, a “6th Floor Space”) as set forth below. Landlord shall
keep Tenant reasonably informed of the date of a potential vacancy for a 6th Floor Space. Before entering into a new lease for a 6th Floor Space with a party other than the current tenant of the applicable 6th Floor Space or a tenant with pre-existing rights, Landlord shall notify Tenant in writing of the terms and conditions upon which Landlord is willing to lease such space (the “Offer Notice”). If Tenant wishes to exercise its option to
lease the applicable 6th Floor Space, Tenant, shall, within five (5) business days after receipt of the Offer Notice, deliver written notice to Landlord of Tenant’s irrevocable exercise of its option to lease such space on the terms set
forth in the Offer Notice. If Tenant fails to respond to the Offer Notice within the five (5) business day period, the right of first offer set forth in this Section 8.2 for the applicable 6th Floor Space shall be null and void and of no
further force or effect, and Landlord shall be free to lease such space to any other persons or entities, free of any restrictions set forth herein; provided, however, if such space is not then leased by Landlord within the following one hundred
eighty (180) days. Tenant’s right of first offer to lease such space as provided hereinabove shall again apply. This right of first offer shall only be exercisable by the originally named Tenant under this Lease and only if Tenant has not
sublet any portion of the Leased Premises for a term that has at least twelve (12) months of term remaining at the time Tenant receives such Offer Notice (and Tenant may not extend the term of such sublease), and Tenant has no intention to
sublet the applicable 6th Floor Space; in addition, this right of first offer shall only be exercisable during the Option Term if Tenant has not sublet any portion of the Leased Premises during the last twelve (12) months of the initial Term or
at any time during the Option Term. This right of first offer shall be suspended during any period in which Tenant is in default (beyond any applicable notice and cure period) until said default has been cured. The period of time within which this
right of first offer may be exercised shall not be extended or enlarged by reason of Tenant’s inability to exercise such rights because of the foregoing provisions. Time is of the essence. In the event Landlord relocates the Leased Premises
pursuant to Section 2.3 above, if Tenant has not yet exercised its rights pursuant to this Section 8.2, the rights granted to Tenant hereunder shall apply with regard to the floor of the Building immediately above the relocated Leased
Premises. 
 Article 9. 

Miscellaneous Matters 

9.1    Parking. Tenant shall receive the use of the number of parking spaces set forth in the Basic Lease
Information sheet upon Tenant’s compliance with all parking rules and regulations issued from time to time by Landlord and upon payment of prevailing parking rates as in effect from time to time, provided however, if at any time during the
Term, Tenant ceases to pay any amounts owed for one (1) or more of the parking spaces provided to Tenant, then Tenant shall have no further right to rent such unused space(s) except as provided in the following sentence. Tenant shall have the
right to lease from Landlord for Tenant’s use, additional spaces at the prevailing parking rates established from time to time by Landlord, as and when made available to Tenant by Landlord. Tenant’s parking rights and privileges are
personal to the originally-named Tenant only, and may not be assigned, subleased or otherwise transferred. The parking spaces will not be separately identified and Landlord shall have no obligation to monitor the use of the parking area. If a
parking density problem occurs during the Term, Landlord shall address the problem, in its reasonable discretion, which solution may include initiating a valet parking system. All parking shall be subject to any and all rules and regulations adopted
by Landlord in its reasonable discretion 

  
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from time to time. Only automobiles no larger than full size passenger automobiles or pick-up trucks or standard business use vehicles (which do not
require parking spaces larger than full size passenger automobiles) may be parked in the Project parking area. Tenant shall not permit or allow any vehicles that belong to or are controlled by Tenant or Tenant’s employees, agents, customers or
invitees to be loaded, unloaded or parked in areas other than those designated by Landlord for such activities. A failure by Tenant or any of its employees, agents, or invitees to comply with the foregoing provisions shall afford Landlord the right,
but not the obligation, without notice, in addition to any other rights and remedies available under this Lease, to remove and to tow away the vehicles involved and to charge the cost to Tenant, which cost shall be immediately due and payable upon
demand by Landlord. 
 9.2    Brokers. Landlord has been represented in this transaction by
Landlord’s Broker. Tenant has been represented in this transaction by Tenant’s Broker. Upon full execution of this Lease by both parties, Landlord shall pay to Landlord’s Broker and Landlord’s Broker shall pay Tenant’s
Broker a fee for brokerage services rendered by it in this transaction provided for in separate written agreements between Landlord and Landlord’s Broker and Landlord’s Broker and Tenant’s Broker. Tenant represents and warrants to
Landlord that the brokers named in the Basic Lease Information sheet are the only agents, brokers, finders or other similar parties with whom Tenant has had any dealings in connection with the negotiation of this Lease and the consummation of the
transaction contemplated hereby. Tenant hereby agrees to indemnify, defend and hold Landlord free and harmless from and against liability for compensation or charges which may be claimed by any agent, broker, finder or other similar party by reason
of any dealings with or actions of Tenant in connection with the negotiation of this Lease and the consummation of this transaction, including any costs, expenses and attorneys’ fees incurred with respect thereto. 

9.3    No Waiver. No waiver by either party of the default or breach of any term, covenant or condition of
this Lease by the other shall be deemed a waiver of any other term, covenant or condition hereof, or of any subsequent default or breach by the other of the same or of any other term, covenant or condition hereof. Landlord’s consent to, or
approval of, any act shall not be deemed to render unnecessary the obtaining of Landlord’s consent to, or approval of, any subsequent or similar act by Tenant, or be construed as the basis of an estoppel to enforce the provision or provisions
of this Lease requiring such consent. Regardless of Landlord’s knowledge of a default or breach at the time of accepting Rent, the acceptance of Rent by Landlord shall not be a waiver of any preceding default or breach by Tenant of any
provision hereof, other than the failure of Tenant to pay the particular Rent so accepted. Any payment given Landlord by Tenant may be accepted by Landlord on account of monies or damages due Landlord, notwithstanding any qualifying statements or
conditions made by Tenant in connection therewith, which statements and/or conditions shall be of no force or effect whatsoever unless specifically agreed to in writing by Landlord at or before the time of deposit of such payment. 

9.4    Recording. Neither this Lease nor a memorandum thereof shall be recorded without the prior written
consent of Landlord, which consent may be withheld in Landlord’s sole discretion. 
 9.5    Holding
Over. If Tenant fails to surrender possession of the Leased Premises in the condition required under this Lease or holds over after expiration or termination of this Lease without the written consent of Landlord, Tenant shall pay for each month
of hold-over tenancy 

  
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one hundred fifty percent (150%) times the Gross Rent which Tenant was obligated to pay for the month immediately preceding the end of the Term for each month or any part thereof of any such
hold-over period, together with such other amounts as may become due hereunder. No holding over by Tenant after the Term shall operate to extend the Term. In the event of any unauthorized holding over. Tenant shall indemnify, defend and hold
Landlord harmless from and against all claims, demands. liabilities, losses, costs, expenses (including attorneys’ fees), injury and damages including any lost profits incurred by Landlord as a result of Tenant’s delay in vacating the
Leased Premises. 
 9.6    Transfers by Landlord. The term “Landlord” as used in this Lease
shall mean the owner(s) at the time in question of the fee title to the Leased Premises. If Landlord transfers, in whole or in part, its rights and obligations under this Lease or in the Project, upon its transferee’s assumption of
Landlord’s obligations hereunder and delivery to such transferee of any unused Security Deposit then held by Landlord, no further liability or obligations shall thereafter accrue against the transferring or assigning person as Landlord
hereunder. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by Landlord shall be binding only upon Landlord as defined in this Section 9.6. 

9.7    Attorneys’ Fees. In the event either party places the enforcement of this Lease, or any part of
it, or the collection of any Rent due, or to become due, hereunder, or recovery of the possession of the Leased Premises, in the hands of an attorney, or files suit upon the same, the prevailing party shall recover its reasonable attorneys’
fees, costs and expenses as a cost of suit incurred and not as damages, including those which may be incurred on appeal. Such fees may be awarded in the same suit or recovered in a separate suit, whether or not suit is filed or any suit that may be
filed is pursued to decision or judgment. The term “prevailing party” shall include, without limitation, a party who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement, judgment, or
the abandonment by the other party of its claim or defense. The attorneys’ fee award shall not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys’ fees reasonably incurred. In
addition to the foregoing, in the event Tenant requires Landlord’s consent or signature with respect to an agreement or other matter not provided for in this Lease (e.g., an agreement requested by Tenant’s lender), Tenant shall reimburse
Landlord for its reasonable attorneys’ fees or other consultant fees incurred in connection with the review and/or negotiation of such agreement or matter. 

9.8    Termination; Merger. No act or conduct of Landlord, including, without limitation, the acceptance of
keys to the Leased Premises, shall constitute an acceptance of the surrender of the Leased Premises by Tenant before the scheduled Term Expiration Date. Only a written notice from Landlord to Tenant shall constitute acceptance of the surrender of
the Leased Premises and accomplish a termination of this Lease. Unless specifically stated otherwise in writing by Landlord, the voluntary or other surrender of this Lease by Tenant, the mutual termination or cancellation hereof, or a termination
hereof by Landlord for default by Tenant, shall automatically terminate any sublease or lesser estate in the Leased Premises; provided, however, Landlord shall, in the event of any such surrender, termination or cancellation, have the option to
continue any one or all of any existing subtenancies. Landlord’s failure within thirty (30) days following any such event to make any written election to the contrary by written notice to the holder of any such lesser interest, shall
constitute Landlord’s election to have such event constitute the termination of such interest. 

  
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 9.9    Amendments; Interpretation. This Lease may not be
altered, changed or amended, except by an instrument in writing signed by the parties in interest at the time of the modification. The captions of this Lease are for convenience only and shall not be used to define or limit any of its provisions.

 9.10    Severability. If any term or provision of this Lease, or the application thereof to any person
or circumstances, shall to any extent be invalid or unenforceable, the remainder of this Lease, or the application of such provision to persons or circumstances other than those as to which it is invalid or unenforceable, shall not be affected
thereby, and each provision of this Lease shall be valid and shall be enforceable to the fullest extent permitted by law. 

9.11    Notices. Except as otherwise expressly provided herein, all notices, demands, consents and approvals
which are required or permitted by this Lease to be given by either party to the other shall be in writing and shall be deemed to have been fully given by personal delivery or by recognized same day or overnight courier service or when deposited in
the United States mail, certified or registered, with postage prepaid, and addressed to the party to be notified at the address for such party specified on the Basic Lease Information sheet, or to such other place as the party to be notified may
from time to time designate by at least fifteen (15) days’ notice to the notifying party given in accordance with this Section 9.11, except that upon Tenant’s taking possession of the Leased Premises, the Leased Premises shall
constitute Tenant’s address for notice purposes. A copy of all notices given to Landlord under this Lease shall be concurrently transmitted to such party or parties at such addresses as Landlord may from time to time hereafter designate by
notice to Tenant. 
 Any notice sent by registered or certified mail, return receipt requested, shall be deemed given on the date of
delivery shown on the receipt card, or if no delivery date is shown, the postmark thereon. Notices delivered by recognized overnight courier shall be deemed given on the next business day after the business day upon which delivery of the same was
made to the courier. If notice is received on a Saturday, Sunday or legal holiday, it shall be deemed received on the next business day. Tenant hereby appoints as its agent to receive the service of all default notices and notice of commencement of
unlawful detainer proceedings the person in charge of or apparently in charge of or occupying the Leased Premises at the time, and, if there is no such person, then such service may be made by attaching the same on the main entrance of the Leased
Premises. 
 9.12    Force Majeure. Any prevention, delay or stoppage of work to be performed by Landlord
or Tenant which is due to strikes, labor disputes, inability to obtain labor, materials, equipment or reasonable substitutes therefor, acts of God, governmental restrictions or regulations or controls, judicial orders, enemy or hostile government
actions, civil commotion, or other causes beyond the reasonable control of the party obligated to perform hereunder, shall excuse performance of the work by that party for a period equal to the duration of that prevention, delay or stoppage. Nothing
in this Section 9.12 shall excuse or delay Tenant’s obligation to pay Rent or other charges due under this Lease. 

9.13    Intentionally Omitted. 

  
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 9.14    Successors and Assigns. This Lease shall be
binding upon and inure to the benefit of Landlord, its successors and assigns (subject to the provisions hereof, including, without limitation, Section 5.15), and shall be binding upon and inure to the benefit of Tenant, its successors, and to
the extent assignment or subletting, may be approved by Landlord hereunder, Tenant’s assigns or subtenants. 

9.15    Further Assurances. Landlord and Tenant each agree to promptly sign all documents reasonably
requested to give effect to the provisions of this Lease. 
 9.16    Incorporation of Prior Agreements.
This Lease, including the exhibits and addenda attached to it, contains all agreements of Landlord and Tenant with respect to any matter referred to herein. No prior agreement or understanding pertaining to such matters shall be effective. 

9.17    Applicable Law. This Lease shall be governed by, construed and enforced in accordance with the laws
of the State of California. 
 9.18    Time of the Essence. Time is of the essence of each and every
covenant of this Lease. Each and every covenant, agreement or other provision of this Lease on Tenant’s part to be performed shall be deemed and construed as a separate and independent covenant of Tenant, not dependent on any other provision of
this Lease or on any other covenant or agreement set forth herein. 
 9.19    No Joint Venture. This Lease
shall not be deemed or construed to create or establish any relationship of partnership or joint venture or similar relationship or arrangement between Landlord and Tenant hereunder. 

9.20    Authority. If Tenant is a corporation, limited liability company, trust or general or limited
partnership, each individual executing this Lease on behalf of Tenant represents and warrants that he or she is duly authorized to execute and deliver this Lease on Tenant’s behalf and that this Lease is binding upon Tenant in accordance with
its terms. If Tenant is a corporation, limited liability company, trust or partnership, Tenant shall, upon request by Landlord, deliver to Landlord evidence satisfactory to Landlord of such authority. 

9.21    Landlord Renovations. It is specifically understood and agreed that Landlord has no obligation and
has made no promises to alter, remodel, improve, renovate, repair or decorate the Leased Premises, Building, Project, or any part thereof and that no representations or warranties respecting the condition of the Leased Premises, the Building or the
Project have been made by Landlord to Tenant, except as specifically set forth in this Lease. However, Tenant acknowledges that Landlord may from time to time, at Landlord’s sole option, renovate, improve, alter, or modify (collectively, the
“Renovations”) the Building, Leased Premises, and/or Project, common areas, systems and equipment, roof, and structural portions of the same, which Renovations may include, without limitation, (i) modifying the common areas and tenant
spaces to comply with applicable laws, including regulations relating to the physically disabled, seismic conditions, and building safety and security, and (ii) installing new carpeting, lighting, and wall coverings in the Building
common areas, and in connection with such Renovations, Landlord may, among other things, erect scaffolding or other necessary structures in the Building, limit or 

  
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eliminate access to portions of the Project, including portions of the common areas, or perform work in the Building, which work may create noise, dust or leave debris in the Building. Tenant
hereby agrees that such Renovations and Landlord’s actions in connection with such Renovations shall in no way constitute a constructive eviction of Tenant nor entitle Tenant to any abatement of Rent. Landlord shall have no responsibility or
for any reason be liable to Tenant for any direct or indirect injury to or interference with Tenant’s business arising from the Renovations, nor shall Tenant be entitled to any compensation or damages from Landlord for loss of the use of the
whole or any part of the Leased Premises or of Tenant’s personal property or improvements resulting from the Renovations or Landlord’s actions in connection with such Renovations, or for any inconvenience or annoyance occasioned by such
Renovations or Landlord’s actions in connection with such Renovations. 
 9.22    Offer. Preparation
of this Lease by Landlord or Landlord’s agent and submission of same to Tenant shall not be deemed an offer to lease to Tenant. This Lease is not intended to be binding and shall not be effective until fully executed by both Landlord and
Tenant. 
 9.23    Security. Landlord shall not be required to provide, operate or maintain alarm or
surveillance systems or services for the Leased Premises or the Common Areas. Tenant shall provide such security services and shall install within the Leased Premises such security equipment, systems and procedures as may reasonably be required for
the protection of its employees and invitees, provided that Tenant shall coordinate such services and equipment with Landlord and the Building rules and regulations. The determination of the extent to which such security equipment, systems and
procedures are reasonably required shall be made in the sole judgment, and shall be the sole responsibility, of Tenant. Tenant acknowledges that it has neither received nor relied upon any representation or warranty made by or on behalf of Landlord
with respect to the safety or security of the Leased Premises or the Project or any part thereof, and further acknowledges that Tenant has made its own independent determinations with respect to all such matters. 

9.24    No Easement For Light, Air and View. This Lease conveys to Tenant no rights for any light, air or
view. No diminution of light, air or view, or any impairment of the visibility of the Leased Premises from inside or outside the Building, by any structure or other object that may hereafter be erected (whether or not by Landlord) shall entitle
Tenant to any reduction of Rent under this Lease, constitute an actual or constructive eviction of Tenant, result in any liability of Landlord to Tenant, or in any other way affect this Lease or Tenant’s obligations hereunder. 

9.25    OFAC Compliance. 

(a)    Tenant represents and warrants that (i) Tenant and each person or entity owning an interest in Tenant is
(A) not currently identified on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) and/or on any other similar list maintained by
OFAC pursuant to any authorizing statute, executive order or regulation (collectively, the “List”), and (B) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade
embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States, (ii) none of the funds or other assets of Tenant constitute property of, or are beneficially
owned, directly or indirectly, by any Embargoed Person 

  
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(as hereinafter defined), (iii) no Embargoed Person has any interest of any nature whatsoever in Tenant (whether directly or indirectly), (iv) none of the funds of Tenant have been derived from
any unlawful activity with the result that the investment in Tenant is prohibited by law or that the Lease is in violation of law, and (v) Tenant has implemented procedures, and will consistently apply those procedures, to ensure the foregoing
representations and warranties remain true and correct at all times. The term “Embargoed Person” means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency
Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by law or Tenant
is in violation of law. 
 (b)    Tenant covenants and agrees (i) to comply with all requirements of law relating
to money laundering, anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect, (ii) to immediately notify Landlord in writing if any of the representations, warranties or covenants set forth in this paragraph or
the preceding paragraph are no longer true or have been breached or if Tenant has a reasonable basis to believe that they may no longer be true or have been breached, (iii) not to use funds from any “Prohibited Person” (as such
term is defined in the September 24, 2001 Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism) to make any payment due to Landlord under the Lease and
(iv) at the request of Landlord, to provide such information as may be requested by Landlord to determine Tenant’s compliance with the terms hereof. 

(c)    Tenant hereby acknowledges and agrees that Tenant’s inclusion on the List at any time during the Term shall be
a material default of the Lease. Notwithstanding anything herein to the contrary, Tenant shall not permit the Leased Premises or any portion thereof to be used or occupied by any person or entity on the List or by any Embargoed Person (on a
permanent, temporary or transient basis), and any such use or occupancy of the Leased Premises by any such person or entity shall be a material default of the Lease. 

9.26    Mortgagee Protection. Upon any default on the part of Landlord, Tenant will give written notice by
registered or certified mail to any beneficiary of a deed of trust or mortgagee of a mortgage covering the Leased Premises who has provided Tenant with notice of their interest together with an address for receiving notice, and shall offer such
beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. If such default cannot be
cured within such time period, then such additional time as may be necessary will be given to such beneficiary or mortgagee to effect such cure so long as such beneficiary or mortgagee has commenced the cure within the original time period and
thereafter diligently pursues such cure to completion, in which event this Lease shall not be terminated while such cure is being diligently pursued. Tenant agrees that each lender to whom this Lease has been assigned by Landlord is an express third
party beneficiary hereof. Tenant shall not make any prepayment of Rent more than one (1) month in advance without the prior written consent of each such lender. Tenant waives the collection of any deposit from each such lender or purchaser at a
foreclosure sale unless said lender or purchaser shall have actually received and not refunded the deposit. Tenant agrees to make all payments under this Lease to the lender with the most senior encumbrance upon receiving a direction, in writing, to
pay said amounts to such lender. Tenant 

  
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shall comply with such written direction to pay without determining whether an event of default exists under such lender’s loan to Landlord. If, in connection with obtaining financing for
the Leased Premises or any other portion of the Project, Landlord’s lender shall request reasonable modification(s) 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 and adversely affect Tenant’s rights hereunder, including Tenant’s use, occupancy or quiet enjoyment of the Leased Premises. 

9.27    Intentionally Omitted. 

9.28    Waiver of Jury Trial. To the extent permitted by applicable law, Landlord and Tenant each hereby
waive trial by jury in any action, proceeding or counterclaim brought by either party against the other on any matter whatsoever arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant created hereby,
Tenant’s use or occupancy of the Leased Premises or any claim or injury or damage. 

9.29    Counterparts; Signatures. This Lease may be executed in counterparts. All executed counterparts
shall constitute one agreement, and each counterpart shall be deemed an original. The parties hereby acknowledge and agree that facsimile signatures or signatures transmitted by electronic mail in so-called
“pdf” format shall be legal and binding and shall have the same full force and effect as if an original of this Lease had been delivered. Landlord and Tenant (i) intend to be bound by the signatures on any document sent by
facsimile or electronic mail, (ii) arc aware that the other party will rely on such signatures, and (iii) hereby waive any defenses to the enforcement of the terms of this Lease based on the foregoing forms of signature. 

9.30    Accessibility Inspection Disclosure. Pursuant to California Civil Code Section 1938, Landlord
hereby advises Tenant that Landlord has not had the Building or the Leased Premises inspected by a Certified Access Specialist. 

9.31    Tax Status of Beneficial Owner. Tenant recognizes and acknowledges that Landlord and/or certain
beneficial owners of Landlord may from time to time qualify as real estate investment trusts pursuant to Sections 856 et seq. of the Internal Revenue Code and that avoiding (a) the loss of such status, (b) the receipt of any income
derived under any provision of this Lease that does not constitute “rents from real property” (in the case of real estate investment trusts), and (c) the imposition of income, penalty or similar taxes (each an “Adverse
Event”) is of material concern to Landlord and such beneficial owners. In the event that this Lease or any document contemplated hereby could, in the opinion of counsel to Landlord, result in or cause an Adverse Event, Tenant agrees to
cooperate with Landlord in negotiating an amendment or modification thereof and shall at the request of Landlord execute and deliver such documents reasonably required to effect such amendment or modification; provided, however, in the event Tenant
notifies Landlord that Tenant has reasonably determines that Tenant will incur an expense in cooperating with such negotiation and/or in executing or delivering any such documents, which notice must include Tenant’s estimate of the expenses it
will incur, Tenant shall not be obligated to cooperate in such negotiation or execute and deliver such documents unless Landlord has agreed in advance, in writing, to reimburse Tenant for such estimated expenses within fifteen (15) days
following Landlord’s receipt of Tenant’s billing of its actual expenses so incurred. Any amendment or modification pursuant to this Section 9.31 shall be structured so that the economic results to

  
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Landlord and Tenant shall be substantially similar to those set forth in this Lease without regard to such amendment or modification. Without limiting any of Landlord’s other rights under
this Section 9.31, Landlord may waive the receipt of any amount payable to Landlord hereunder and such waiver shall constitute an amendment or modification of this Lease with respect to such payment. 

9.32    Landlord’s Reservations. In addition to the other rights of Landlord under this Lease, Landlord
reserves the right to change the street address and/or name of the Building without being deemed to be guilty of an eviction, actual or constructive, or a disturbance or interruption of the business of Tenant or Tenant’s use or occupancy of the
Leased Premises. 
 9.33    Supplemental HVAC. If any supplemental HVAC unit (a “Unit”)
exclusively serves the Leased Premises, then (a) Tenant shall pay the costs of all electricity consumed in the Unit’s operation, together with the cost of installing a meter to measure such consumption; (b) Tenant, at its
expense, shall (i) operate and maintain the Unit in compliance with all applicable laws and such reasonable rules and procedures as Landlord may impose; (ii) keep the Unit in as good working order and condition as existed
upon installation (or, if later, when Tenant took possession of the Leased Premises), subject to normal wear and tear; (iii) maintain in effect, with a contractor reasonably approved by Landlord, a contract for the maintenance and repair
of the Unit, which contract shall require the contractor, at least once every three (3) months, to inspect the Unit and provide to Tenant a report of any defective conditions, together with any recommendations for maintenance, repair or
parts-replacement; (iv) follow all reasonable recommendations of such contractor; and (v) promptly provide to Landlord a copy of such contract and each report issued thereunder; (c) the Unit shall become
Landlord’s property upon the expiration or earlier termination of this Lease and without compensation to Tenant; provided, however, that upon Landlord’s request at the expiration or earlier termination of this Lease, Tenant, at its
expense, shall remove the Unit and repair any resulting damage (and if Tenant fails to timely perform such work, Landlord may do so at Tenant’s expense); (d) [Intentionally Omitted]; (e) if the Unit exists on the date of mutual
execution and delivery of this Lease, Tenant accepts the Unit in its “as is” condition, without representation or warranty as to quality, condition, fitness for use or any other matter; (f) if the Unit connects to the
Building’s condenser water loop (if any), then Tenant shall pay to Landlord, as Additional Rent, Landlord’s standard one-time fee for such connection and Landlord’s standard monthly per-ton usage fee; and (g) if any
portion of the Unit is located on the roof, then (i) Tenant’s access to the roof shall be subject to such reasonable rules and procedures as Landlord may impose; (ii) Tenant shall maintain the affected portion of the
roof in a clean and orderly condition and shall not interfere with use of the roof by Landlord or any other tenants or licensees; and (iii) Landlord may relocate the Unit and/or temporarily interrupt its operation, without liability to
Tenant, as reasonably necessary to maintain and repair the roof or otherwise operate the Building. 

9.34    Conference Room. Landlord currently operates a shared conference facility (the “Conference
Center”) in the Building, which Conference Center is currently available for use by all tenants of the Building, at the current rates set by Landlord from time to time in its sole and absolute discretion ($25.00 per hour as of the Date of
Lease), on a first come, first serve basis. So long as Landlord continues to offer the Conference Center for non-exclusive use by tenants of the Building, and provided there is no Event of Default, Tenant
shall have a non-exclusive right to use the Conference Center, subject to availability, as determined by Landlord in its sole and absolute 

  
 47 

 
discretion. Such right to use the Conference Center shall be subject to all rules and regulations regarding the use of the Conference Center as Landlord may impose from time to time, including,
without limitation, restrictions on frequency, hours and length of use, payment of a fee for such and cleaning and trash dispensing requirements. Tenant acknowledges, understands and agrees that Landlord makes no representation or warranty to Tenant
that Landlord will continue to provide the Conference Center throughout the Term of this Lease or that the Conference Center will be available for use by Tenant at any particular time or from time to time. 

9.35    Bicycle Parking. As of the Date of Lease, there are seven (7) bicycle racks (the
“Bicycle Racks”) located on the first (1st) floor of the parking garage (within approximately fifty (50) feet from the parking garage attendant’s booth) available for use by all tenants of the Building, on a first come,
first serve basis. Landlord shall, prior to the Term Commencement Date, enclose the Bicycle Racks with door to ceiling fencing with an access gate that is securely locked at all times. The Bicycle Racks may be relocated by Landlord from time to time
within the parking garage or inside the Building, provided that in no event shall the total number of bicycle parking spaces be reduced from the number in existence as of the Date of Lease. Tenant shall have a nonexclusive right to use the Bicycle
Racks, subject to availability. Such right to use the Bicycle Racks shall be subject to all rules and regulations regarding the use of the Bicycle Racks as Landlord may impose from time to time. 

9.36    Bart Shuttle. Landlord currently provides a shuttle to and from the 19th Street Oakland BART Station
for the non-exclusive use of the tenants of the Building. Such shuttle service is provided at the sole discretion of Landlord. 

9.37    Exhibits; Addenda. The following Exhibits and addenda are attached to, incorporated in and made a
part of this Lease: Exhibit A Floor Plan of the Leased Premises; Exhibit B Initial Improvement of the Leased Premises; Exhibit C Confirmation of Term of Lease; and Exhibit D Building Rules and
Regulations. 
 [SIGNATURES APPEAR ON FOLLOWING PAGE] 

  
 48 

 IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the day and year first
written above. 
  

			
	“LANDLORD”:
	
	 MACH II 180 LLC,
 a Delaware
limited liability company

		
	 By:
	 	Mach II Ellis Investments LLC,
		 	a Delaware limited liability company,
		 	its Managing Member
		
	 By:
	 	 MEP II Investors LLC,
 a California
limited liability company,
 its Administrative Manager

		
	 By:
	 	 Ellis Partners LLC,
 a California
limited liability company,
 its Sole Member and Manager

  

			
	 By:
	 	 /s/ James F. Ellis

			
	Printed Name:	 	 James F. Ellis

			
	 Title:
	 	 Managing Member

  

			
	“TENANT”:
	
	 MARQETA, INC.,
 a Delaware
corporation

		
	 By:
	 	 /s/ Eric Bachman

			
	Printed Name:	 	 Eric Bachman

 
			
	 Title:
	 	 COO

  
 49 

 EXHIBIT A 

FLOOR PLAN OF THE LEASED PREMISES 

 EXHIBIT B 

INITIAL IMPROVEMENT OF THE LEASED PREMISES 

1.    Tenant Improvements. Landlord and Tenant agree that WCI-GC Commercial
Construction (the “Contractor”) shall construct and install the improvements (the “Tenant Improvements”) in the Leased Premises with Building standard materials and finishes (or other materials specifically set forth),
substantially in accordance with the space plan (“Tenant’s Plans”) attached to this Exhibit B as Exhibit B-l. Notwithstanding the foregoing, the parties agree
that any improvement or installation that is not referenced in Exhibit B-l shall be Tenant’s responsibility and shall be part of Tenant’s Work (as defined below), including,
without limitation, phone and data cabling, telephone conduits, furniture, fixtures, and equipment, and any specialized office improvements. Landlord’s architect (the “Architect”) shall prepare the construction documents (the
“Construction Documents”) consistent with Tenant’s Plans, which shall be subject to Landlord and Tenant’s written approval, which approval shall not be unreasonably withheld, conditioned or delayed (as set forth below), and upon
such approval shall be known as the “Final Construction Documents.” Within three (3) business days after Tenant’s receipt of the Construction Documents in PDF and CAD files (and one (1) business day for revisions), Tenant
shall either approve such plans (with Tenant’s approval not to be unreasonably withheld) or disapprove the plans. Any disapproval shall include a detailed explanation of the rejected components of the plans. 

2.    Permits. If necessary, Landlord shall, as part of the Tenant Improvements, secure all permits and the
approval of all government authorities with jurisdiction over the Building with respect to the construction of the Tenant Improvements; provided, however, if needed, Tenant shall cooperate fully with Landlord with respect to the foregoing. 

3.    Landlord’s Review. Landlord’s review and approval of Tenant’s Plans or the Construction
Documents shall not constitute, and Landlord shall not be deemed to have made, any representation or warranty as to the suitability of the Leased Premises or the Tenant Improvements for Tenant’s needs. 

4.    Construction. The Tenant Improvements shall be completed in accordance with the Final Construction Documents
by the Contractor in a good and workmanlike manner. 
 5.    Landlord’s Contribution. With respect to the
costs of preparing Tenant’s Plans and the Construction Documents and the construction costs of the Tenant Improvements and all other related costs, Landlord shall provide Tenant an allowance in the maximum amount of $40.00 per rentable square
foot of the Leased Premises, for a total of $750,960.00 based on 18,774 rentable square feet (“Landlord’s Contribution”). Notwithstanding the foregoing, Landlord’s Contribution may not be utilized by Tenant until Tenant deposits
with Landlord the necessary funds in excess of Landlord’s Contribution (“Tenant’s Construction Funds”) to utilize for the construction of the Tenant Improvements, if applicable, or at Tenant’s option, Tenant may provide the
proportionate share of Tenant’s Construction Funds on a monthly basis in advance of construction of the Tenant Improvements planned for the upcoming month based on the construction schedule (monthly payments to the Contractor shall be made pari
passu from Landlord’s Contribution on the one hand, and Tenant’s Construction Funds, on the other hand, until such funds are exhausted). Any 

  
 1 

 
costs related to the construction of the Tenant Improvements in excess of Landlord’s Contribution and Tenant’s Construction Funds shall be paid promptly by Tenant within fifteen
(15) days following Tenant’s receipt of Landlord’s billing therefor. Any portion of Landlord’s Contribution not utilized by Tenant on or before the later to occur of six (6) months after Landlord delivers possession of the
Leased Premises to Tenant and January 1,2017 shall accrue to Landlord. 
 6.    Changes. If Tenant requests
any changes or additions to the Tenant Improvements, Tenant shall request such change in a written notice to Landlord; provided, however, Tenant shall, at its sole cost, pay for all costs reasonably incurred by such change order plus a construction
coordination fee equal to five percent (5%) of the total costs (soft and hard costs) of the change order. 

7.    Requirements for Work Performed by Tenant. All work (including all
fit-up work) performed by Tenant or Tenant’s contractor or subcontractors prior to initially commencing business operations in the Leased Premises (“Tenant’s Work”) shall be subject to the
following additional requirements: 
 (a)    Such work shall not proceed until Landlord has approved in
writing (which approval shall not be unreasonably withheld, conditioned or delayed): (i) the amount and coverage of public liability and property damage insurance, with Landlord named as an additional insured, on such liability coverage carried by
Tenant’s contractor, (ii) complete and detailed plans and specifications for such work (among other things, Landlord may condition its approval of any improvements on Tenant’s agreement to remove them prior to the Term Expiration
Date, repair any damage resulting from such removal and restore the Leased Premises to their condition existing prior to the date of the installation of such improvements, including, without limitation, in the event Tenant decides to paint certain
portions of the Leased Premises), and (iii) a schedule for the work. 
 (b)    All work shall be
done in conformity with a valid permit when required, a copy of which shall be furnished to Landlord before such work is commenced. In any case, all such work shall be performed in accordance with all applicable laws. Notwithstanding any failure by
Landlord to object to any such work, Landlord shall have no responsibility for Tenant’s failure to comply with applicable laws. 

(c)    Tenant shall be responsible for cleaning the Leased Premises, the Building and the Project and
removing all debris in connection with its work, except for work performed by the Contractor. All completed work shall be subject to inspection and acceptance by Landlord. Tenant shall reimburse Landlord for the actual
out-of-pocket cost for all extra expense incurred by Landlord by reason of faulty work done by Tenant or Tenant’s contractor or by reason of inadequate cleanup by
Tenant or Tenant’s contractor. 
 (d)    Tenant (and Tenant’s contractors, vendors, agents, and
employees) performing Tenant’s Work shall not disrupt or delay the performance of the Tenant Improvements. 

8.    Tenant Delay. If the completion of the Tenant Improvements is actually delayed (i) at the request, in
writing, of Tenant, (ii) by Tenant’s failure to comply with the provisions of 

  
 2 

 
this Exhibit B (including failure to pay any sums payable by Tenant, failure to provide or approve certain items within the time periods specified
herein, or failure to comply with the early access terms and conditions) or failure to reasonably cooperate with Landlord, (iii) by changes in the Tenant’s Plans or the Construction Documents, as the case may be, ordered by Tenant,
(iv) because Tenant chooses to have additional work performed by Landlord (collectively, “Tenant Delay”), then Tenant shall be responsible for all costs and any expenses occasioned by such Tenant Delay including, without limitation,
any costs and expenses attributable to increases in labor or materials; and, if such delay actually delays the Term Commencement Date, then the Term Commencement Date shall be the date that would have been the Term Commencement Date but not for
Tenant’s Delay. 
 9.    Substantial Completion. “Substantial Completion” shall mean (and the
Tenant Improvements shall be deemed “Substantially Complete”) when installation of the Tenant Improvements by the Contractor has occurred in accordance with the provisions of this Exhibit B. Substantial Completion shall be deemed to
have occurred notwithstanding a requirement to complete punchlist items or similar corrective work. 

10.    Punchlist. Upon Substantial Completion of the Tenant Improvements, Landlord and Tenant shall inspect the
improvements together and prepare a punchlist. The punchlist shall list incomplete, minor or insubstantial details or construction and needed finishing touches that do not unreasonably interfere with Tenant’s use of the Leased Premises.
Landlord shall complete the punchlist items in an expeditious manner. 
 11.    Early Access. Depending on the
progress of the construction of the Tenant Improvements, Tenant shall be given access to the Leased Premises up to two (2) weeks prior to the Term Commencement Date in order for Tenant to install Tenant’s furniture, trade fixtures,
equipment, telephone networks and computer networks, and to perform general set-up for Tenant’s business operations. From the date Tenant is given early access to the Leased Premises as set forth above
through the Term Commencement Date, Tenant shall be subject to all of the covenants in the Lease, except that Tenant’s obligation to pay Rent shall commence in accordance with the Basic Lease Information sheet of the Lease; provided, however,
(i) Tenant shall not enter the Leased Premises unless they are accompanied by a person designated by Landlord, if required by Landlord, and Tenant shall provide to Landlord at least 24 hours prior written notice prior to such entry,
(ii) Tenant shall exercise such right of access in a manner that comports with the requirements of all relevant insurance policies, (iii) Tenant (and Tenant’s contractors, vendors, agents, and employees) shall not disrupt or delay the
construction of the Tenant Improvements, and (iv) Tenant (and Tenant’s contractors, vendors, agents, and employees) shall in no event give directions to (or otherwise interfere with) the Contractor or others performing the Tenant
Improvements. Tenant shall indemnify and hold the Landlord free and harmless from any and all liens, costs, and liabilities or expenses incurred in connection with any early access of Tenant. 

  
 3 

 EXHIBIT B-I 

TENANT’S PLANS 

  
 1 

 EXHIBIT C 

CONFIRMATION OF TERM OF LEASE 

This Confirmation of Term of Lease is made by and between MACH II 180 LLC, a Delaware limited liability company, as Landlord, and
MARQETA, INC. a Delaware corporation as Tenant, who agree as follows: 
 1.    Landlord and Tenant entered into
an Office Building Lease dated March 1, 2016 (the “Lease”), in which Landlord leased to Tenant and Tenant leased from Landlord the Leased Premises described in the Basic Lease Information sheet of the Lease (the
“Leased Premises”). 
 2.    Pursuant to Section 3.1 of the Lease, Landlord and Tenant hereby confirm as
follows: 
  

	 	a.	 August 12, 2016 is the Term Commencement Date; 

 

	 	b.	 November 30, 2023 is the Term Expiration Date; and 

 

	 	c.	 November 12, 2016 is the commencement date of Rent under the Lease.

 3.    Tenant hereby confirms that the Lease is in full force and effect and: 

 

	 	a.	 It has accepted possession of the Leased Premises as provided in the Lease; 

 

	 	b.	 The improvements and space required to be furnished by Landlord under the Lease have been furnished;

  

	 	c.	 Landlord has fulfilled all its duties of an inducement nature; 

 

	 	d.	 The Lease has not been modified, altered or amended, except as follows: N/A; and 

 

	 	e.	 There are no setoffs or credits against Rent and no security deposit has been paid except as expressly provided
by the Lease. 

 4.    The provisions of this Confirmation of Term of Lease shall inure to the benefit
of, or bind, as the case may require, the parties and their respective successors, subject to the restrictions on assignment and subleasing contained in the Lease. 

[NOTE: If Tenant fails to execute and return (or reasonably object in writing to) this Confirmation of Term of Lease within fifteen
(15) days after receiving it, Tenant shall be deemed to have executed and returned it without exception.] 
 ///signature page
flows/// 

  
 1 

 ///continued from previous page/// 

DATED: 9/6/16 
  

	
	“LANDLORD”:
	
	MACH II180 LLC,
	a Delaware limited liability company

  

			
	By:	 	Mach II Ellis Investments LLC,
		 	a Delaware limited liability company,
		 	its Managing Member

  

			
	By:	 	MEP II Investors LLC,
		 	a California limited liability company,
		 	its Administrative Manager

  

			
	By:	 	Ellis Partners LLC,
		 	a California limited liability company,
		 	it’s Sole Member and Manager

  

			
	By:	 	 /s/ James F. Ellis

			
	Printed Name:	 	 James F. Ellis

			
	Title:	 	 Managing Member

  

			
	 “TENANT”:

	
	 MARQETA, Inc.

	 a Delaware corporation

  

			
	By:	 	 /s/ Eric Bachman

			
	Printed Name:	 	 Eric Bachman

			
	Title:	 	 COO

  
 2 

 EXHIBIT D 

BUILDING RULES AND REGULATIONS 

1.    No sign, placard, picture, advertisement, name or notice shall be inscribed, displayed or printed or affixed on or
to any part of the outside or inside of the Building or any part of the Leased Premises visible from the exterior of the Leased Premises without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion.
Landlord shall have the right to remove, at Tenant’s expense and without notice to Tenant, any such sign, placard, picture, advertisement, name or notice that has not been approved by Landlord. All approved signs or lettering on doors and walls
shall be printed, painted, affixed or inscribed at the expense of Tenant by a person approved of by Landlord. If Landlord notifies Tenant in writing that Landlord objects to any curtains, blinds, shades or screens attached to or hung in or used in
connection with any window or door of the Leased Premises, such use of such curtains, blinds, shades or screens shall be removed immediately by Tenant. No awning shall be permitted on any part of the Leased Premises. 

2.    No ice, drinking water, or repair services, or other similar services shall be provided to the Leased Premises,
except from persons authorized by Landlord and at the hours and under regulations fixed by Landlord. 
 3.    The
bulletin board or directory of the Building will be provided exclusively for the display of the name and location of tenants only and Landlord reserves the right to exclude any other names therefrom. 

4.    The sidewalks, halls, passages, exits, entrances, elevators and stairways shall not be obstructed by any of the
Tenant’s employees, contractors, agents, or invitees, or used by Tenant for any purpose other than for ingress to and egress from its Leased Premises. The halls, passages, exits, entrances, elevators, stairways, balconies and roof are not for
the use of the general public and Landlord shall in all cases retain the right to control and prevent access thereto by all persons whose presence in the judgment of Landlord shall be prejudicial to the safety, character, reputation and interests of
the Building and its tenants. None of Tenant’s employees, contractors, agents, or invitees shall go upon the roof of the Building. 

5.    Tenant shall not alter any lock or install any new or additional locks or any bolts on any interior or exterior door
of the Leased Premises without the prior written consent of Landlord. 
 6.    The toilet rooms, toilets, urinals, wash
bowls and other apparatus shall not be used for any purpose other than that for which they were constructed and no foreign substance of any kind whatsoever shall be thrown therein and the expense of any breakage, stoppage or damage resulting from
the violation of this rule shall be borne by the tenant who, or whose employees, contractors, agents or invitees, shall have caused it. 

7.    Tenant shall not overload the floor of the Leased Premises or mark, drive nails, screw or drill into the partitions,
woodwork or plaster or in any way deface the Leased Premises or any part thereof. 

  
 1 

 8.    No furniture, freight or equipment of any kind shall be brought
into the Building without the consent of Landlord and all moving of the same into or out of the Building shall be done at such time and in such manner as Landlord shall designate. Landlord shall have the right to prescribe the weight, size and
position of all safes and other heavy equipment brought into the Building and also the times and manner of moving the same in and out of the Building. Safes or other heavy objects shall, if considered necessary by Landlord, stand on a platform of
such thickness as is necessary to properly distribute the weight. Landlord will not be responsible for loss of or damage to any such safe or property from any cause, and all damage done to the Building by moving or maintaining any such safe or other
property shall be repaired at the expense of Tenant. The elevator designated for freight by Landlord shall be available for use by all tenants in the Building during the hours and pursuant to such procedures as Landlord may determine from time to
time. The persons employed to move Tenant’s equipment, material, furniture or other property in or out of the Building must be acceptable to Landlord. The moving company must be a locally recognized professional mover, whose primary business is
the performing of relocation services, and must be bonded and fully insured. In no event shall Tenant employ any person or company whose presence may give rise to a labor or other disturbance in the Project. A certificate or other verification of
such insurance must be received and approved by Landlord prior to the start of any moving operations. Insurance must be sufficient in Landlord’s sole opinion, to cover all personal liability, theft or damage to the Project, including, but not
limited to, floor coverings, doors, walls, elevators, stairs, foliage and landscaping. Special care must be taken to prevent damage to foliage and landscaping during adverse weather. All moving operations shall be conducted at such times and in such
a manner as Landlord shall direct, and all moving shall take place during non-business hours unless Landlord agrees in writing otherwise. 

9.    Tenant shall not employ any person or persons other than the janitor of Landlord for the purpose of cleaning the
Leased Premises, unless otherwise agreed to by Landlord. Except with the written consent of Landlord, no person or persons other than those approved by Landlord shall be permitted to enter the Building for the purpose of cleaning the Building or the
Leased Premises. Tenant shall not cause any unnecessary labor by reason of Tenant’s carelessness or indifference in the preservation of good order and cleanliness. 

10.    Tenant shall not use, keep or permit to be used or kept any foul or noxious gas or substance in the Leased
Premises, or permit or suffer the Leased Premises to be occupied or used in a manner offensive or objectionable to Landlord or other occupants of the Building by reason of noise, odors and/or vibrations, or interfere in any way with other tenants or
those having business therein, nor shall any animals or birds be brought in or kept in or about the Leased Premises or the Building. Tenant shall not keep, use, or permit to be used in or brought into the Leased Premises or Project at any time, by
Tenant or any of its employees, agents or invitees, any gun, firearm, weapon, explosive device, ammunition or explosive. Tenant shall not bring into (or permit to be brought into) the Leased Premises any bicycle or similar type of vehicle. In no
event may a hoverboard or similar type of motorized device be charged in the Leased Premises or in the Project. 

11.    No cooking shall be done or permitted by Tenant in the Leased Premises, nor shall the Leased Premises be used for
the storage of merchandise, for washing clothes, for lodging, or for any improper, objectionable or immoral purposes. Notwithstanding the foregoing, however, Tenant may maintain and use microwave ovens, toasters and equipment for brewing coffee,
tea, 

  
 2 

 
hot chocolate and similar beverages, provided that Tenant shall (i) prevent the emission of any food or cooking odor from leaving the Leased Premises, (ii) be solely responsible for
cleaning the areas where such equipment is located and removing food related waste from the Leased Premises and the Building, or shall pay Landlord’s standard rate for such service as an addition to cleaning services ordinarily provided,
(iii) maintain and use such areas solely for Tenant’s employees and business invitees, not as public facilities, and (iv) keep the Leased Premises free of vermin and other pest infestation and shall exterminate, as needed, in a manner
and through contractors reasonably approved by Landlord, preventing any emission of odors, due to extermination, from leaving the Leased Premises. Notwithstanding clause (ii) above, Landlord shall, without special charge, empty and remove the
contents of one (1) 15-gallon (or smaller) waste container from the food preparation area so long as such container is fully lined with, and the contents can be removed in. a waterproof plastic liner or bag,
supplied by Tenant, which will prevent any leakage of food related waste or odors; provided, however, that if at any time Landlord must pay a premium or special charge to Landlord’s cleaning or scavenger contractors for the handling of food
related or so called “wet” refuse. Landlord’s obligation to provide such removal, without special charge, shall cease. 

12.    Tenant shall not use or keep in the Leased Premises or the Building any kerosene, gasoline, or inflammable or
combustible fluid or material, or use any method of heating or air conditioning other than that supplied by Landlord. 

13.    Landlord will direct electricians as to where and how telephone and data wires are to be introduced into the Leased
Premises and the Building. No boring or cutting for wires will be allowed without the prior consent of Landlord. The location of telephones, call boxes and other office equipment affixed to the Leased Premises shall be subject to the prior approval
of Landlord. 
 14.    Upon the expiration or earlier termination of the Lease, Tenant shall deliver to Landlord the
keys of offices, rooms and toilet rooms which have been furnished by Landlord to Tenant and any copies of such keys which Tenant has made. In the event Tenant has lost any keys furnished by Landlord, Tenant shall pay Landlord for such keys. 

15.    Tenant shall not lay linoleum, tile, carpet or other similar floor covering so that the same shall be affixed to
the floor of the Leased Premises, except to the extent and in the manner approved in advance by Landlord. The expense of repairing any damage resulting from a violation of this rule or removal of any floor covering shall be borne by the tenant by
whom, or by whose contractors, employees or invitees, the damage shall have been caused. 
 16.    No furniture,
packages, supplies, equipment or merchandise will be received in the Building or carried up or down in the elevators, except between such hours and in such elevators as shall be designated by Landlord, which elevator usage shall be subject to the
Building’s customary charge therefor as established from time to time by Landlord. 
 17.    On Saturdays, Sundays
and legal holidays, and on other days between the hours of 6:00 P.M. and 8:00 A.M., access to the Building, or to the halls, corridors, elevators or stairways in the Building, or to the Leased Premises may be refused unless the person seeking access
is known to the person or employee of the Building in charge and has a pass or is properly identified. Landlord shall in no case be liable for damages for any error with regard to the admission to or

  
 3 

 
exclusion from the Building of any person. In case of invasion, mob, riot, public excitement, or other commotion, Landlord reserves the right to prevent access to the Building during the
continuance of the same by closing the doors or otherwise, for the safety of the tenants and protection of property in the Building. 

18.    Tenant shall be responsible for insuring that the doors of the Leased Premises are closed and securely locked
before leaving the Building and must observe strict care and caution that all water faucets or water apparatus are entirely shut off before Tenant or Tenant’s employees leave the Building, and that all electricity, gas or air shall likewise be
carefully shut off, so as to prevent waste or damage. Landlord shall not be responsible to Tenant for loss of property on the Leased Premises, however occurring, or for any damage to the property of Tenant caused by the employees or independent
contractors of Landlord or by any other person. 
 19.    Landlord reserves the right to exclude or expel from the
Building any person who, in the judgment of Landlord, is intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of the rules and regulations of the Building. 

20.    The requirements of any tenant will be attended to only upon application at the office of the Building. Employees
of Landlord shall not perform any work or do anything outside of their regular duties unless under special instructions from Landlord, and no employee will admit any person (tenant or otherwise) to any office without specific instructions from
Landlord. 
 21.    No vending machine or similar machines of any description shall be installed, maintained or operated
upon the Leased Premises without the prior written consent of Landlord. 
 22.    Subject to Tenant’s right of
access to the Leased Premises in accordance with Building security procedures, Landlord reserves the right to close and keep locked all entrance and exit doors of the Building on Saturdays, Sundays and legal holidays and on other days between the
hours of 6:00 P.M. and 8:00 A.M., and during such further hours as Landlord may deem advisable for the adequate protection of the Building and the property of its tenants. 

23.    Landlord reserves the right to rescind any of these rules and regulations and to make future rules and regulations
required for the safety, protection and maintenance of the Project, the operation and preservation of the good order thereof, and the protection and comfort of the tenants and their employees and visitors. Such rules and regulations, when made and
written notice thereof given to Tenant, shall be binding as if originally included herein. Landlord shall not be responsible to Tenant for the non-observance or violation of these rules and regulations by any
other tenant of the Building. 

  
 4 

 FIRST AMENDMENT TO OFFICE BUILDING LEASE 

(Expansion of Premises; Extension of Term) 

THIS FIRST AMENDMENT TO OFFICE BUILDING LEASE (this “Amendment”) is entered into as of the 8th day of November, 2017, by and between 180 GRAND OWNER LLC, a Delaware limited liability company (“Landlord”), and MARQETA, INC., a Delaware corporation
(“Tenant”). 
 RECITALS 

A.    MACH II 180 LLC, a Delaware limited liability company and Landlord’s predecessor-in-interest under the Lease, as defined herein (“Original Landlord”), and Tenant entered into that certain Office Building Lease dated as of March 1, 2016 (the
“Lease”), pursuant to which Tenant leases from Landlord those certain premises containing approximately 18,774 rentable square feet (the “Existing Premises”) consisting of the entire fifth (5th) floor of that certain office building with an address of 180 Grand Avenue, Oakland, California (the “Building”). The Building, the land on which such building is located, the
parking garage located adjacent to the Building owned by Landlord but located on a separate tax parcel (the “Parking Garage”), and the sidewalks and similar improvements and easements associated with the foregoing or the operation
thereof, are referred to collectively herein as the “Project.” 
 B.    Landlord is the successor-in-interest to Original Landlord and owner of the Project. 
 C.    The Term
of the Lease with respect to the Existing Premises is scheduled to expire on November 30, 2023. 
 D.    Tenant
desires to lease additional space in the Building containing (i) approximately 18,744 rentable square feet (16,299 usable square feet) consisting of the entire fourth (4th) floor of the
Building (the “4th Floor Space”) and (ii) approximately 18,967 rentable square feet (16,326 usable square feet) consisting of the entire sixth (6th) floor of the Building (the “6th Floor Space”) for a total of approximately 37,711 rentable square feet (32,625
usable square feet) (collectively, the “Expansion Space”). 
 E.    Landlord and Tenant hereby desire
to amend the Lease in order to provide for, among other things, the expansion of the Existing Premises and an extension of the Term of the Lease with respect to the Existing Premises, on the terms and conditions set forth below. 

AGREEMENT 
 NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which hereby is acknowledged, Landlord and Tenant agree as follows: 

1.    Defined Terms. Capitalized terms not otherwise defined herein shall have the respective
meanings given to them in the Lease. Unless the context clearly indicates otherwise, all references to the “Lease” in the Lease and in this Amendment shall hereinafter be deemed to refer to the Lease, as amended hereby. 

  
 1 

 2.    Addition of Expansion Space. 

(a)    Expansion Space. In addition to Tenant’s lease of the Existing Premises, Tenant shall
lease the Expansion Space for the Permitted Use as follows, and as each portion of the Expansion Space is added to the Leased Premises Tenant is leasing under the Lease, as amended hereby, the Existing Premises and such portion of the Expansion
Space are sometimes hereinafter collectively referred to as the “Leased Premises” and, except as otherwise provided in this Amendment, shall be subject to all of the terms of the Lease applicable to the Leased Premises, as
defined therein. 
 (b)    Landlord’s Representation and Warranty. Landlord hereby represents
to Tenant that the 6th Floor Space is currently leased to HealthNet pursuant to a lease that expires June 14, 2018. Landlord acknowledges that, in order for Landlord to perform the 6th Floor Work (defined below) and deliver the 6th Floor Space
to Tenant by the E6FSDD (defined below), HealthNet must vacate the 6th Floor Space no later than thirty (30) days after such expiration date, and therefore Landlord hereby represents and warrants to Tenant that Landlord shall exercise
commercially reasonable diligence to cause HealthNet to vacate the entire 6th Floor Space by no later than thirty (30) days after such expiration date, and, if HealthNet does not so vacate the entire 6th Floor Space by such date, Landlord shall
enforce its rights under such lease to cause HealthNet to vacate the entire 6th Floor Space as soon thereafter as is reasonably possible, including, without limitation, Landlord’s right under such lease to
re-enter and take possession of such 6th Floor Space without process, or by any legal process in force in the State of California. 

(c)    Commencement Date. Commencing on the earliest to occur of: (i) the date on which Tenant
occupies any portion of the 4th Floor Space or the 6th Floor Space, as the case may be; (ii) the date on which the 4th Floor Work or the 6th Floor Work (as defined herein) is Substantially Completed (as defined in Exhibit B attached hereto); or
(iii) the date on which the 4th Floor Work or the 6th Floor Work, as the case may be, would have been Substantially Completed but for the
occurrence of any Tenant Delay Days (as defined in Exhibit B attached hereto) (such dates referred to herein as the “4th Floor Space Commencement Date” or
“4FSCD” and the “6th Floor Space Commencement Date” or “6FSCD”), and expiring on the Expansion Space Expiration Date (as defined
below), Tenant shall lease the 4th Floor Space as depicted on Exhibit A-l attached hereto and the
6th Floor Space as depicted on Exhibit A-2 attached hereto, all subject to and in accordance with the terms and conditions of the Lease, as amended
hereby. As used herein, the “4th Floor Work” and the “6th Floor Work” shall mean
and refer to those certain improvements to the 4th Floor Space and the 6th Floor Space, as the case may be, to be performed by Landlord in
accordance with the terms of this Amendment and Exhibit B hereto, including the Connecting Stairwell and/or a Light Well, as provided in Exhibit B hereto. The 4th Floor Work and the
6th Floor Work shall be collectively referred to herein as the “Expansion Space Work.” In connection with the Expansion Space Work, Landlord shall perform certain improvements to
the Existing Premises, as indicated in the Expansion Space Plans (as defined below) approved by the parties. For purposes of this Amendment, such improvements shall be included in the definition of the Expansion Space Work. Tenant hereby
acknowledges that Landlord will be performing the Expansion Space Work during the Term (as extended hereby), and Tenant shall not be entitled to any additional abatement or reduction of Rent or any other amount payable under the Lease in connection
therewith, nor shall the Expansion Space Work be deemed an eviction, actual or constructive, of Tenant. Tenant shall at all times cooperate reasonably and in good faith in 

  
 2 

 
connection with Landlord’s prosecution of the Expansion Space Work, including, without limitation, by granting Landlord access to the Existing Premises and the Expansion Space and by
promptly responding to matters arising in connection with the Expansion Space Work. 
 (d)    Submission of Permit
Application. Within two (2) days following Landlord’s approval of the Architectural Drawings pursuant to the terms of Exhibit B hereto, but no later than January 1, 2018 for the 4th Floor Work (and for any remodeling work to be performed within the Existing Premises), and no later than May 1, 2018 for the 6th Floor Work
(and for any remodeling work to be performed in the Existing Premises in connection with Landlord’s construction of the Connecting Stairwell and/or a Light Well, as provided in Exhibit B hereto), Tenant shall deliver to Landlord a
complete set of Architectural Drawings for the 4th Floor Work and for the 6th Floor Work, as the case may be (the “4th Floor Plans,” the “6th Floor Plans” and collectively the “Expansion Space
Plans”). Any day beyond January 1, 2018 and May 1, 2018, as the case may be, that Tenant takes to deliver the 4th Floor Plans and the 6th Floor Plans, as the case may be, shall result in a deduction of one day of rent abatement to which Tenant is entitled hereunder. Landlord shall submit the approved Architectural Drawings, along with
a permit application worksheet, application fees and all other documentation and information required by the City of Oakland (the “City”) (collectively, the “Permit Application”) in form and substance
complete and accurate for the City to approve a permit for the construction of the Expansion Space Work on the 4th Floor Space and the 6th
Floor Space, as the case may be (in each instance, a “Permit”). Following submission of the Permit Application to the City, drawings for any modifications to the mechanical, electrical and plumbing systems of the Expansion Space and
the Building required for the Expansion Space Work (the “MEP Plans”) and the Fire Life Safety drawings (the “FLS Drawings”) shall be prepared by Landlord. Tenant shall make any changes requested by Landlord to the
Expansion Space Plans reasonably necessary for Landlord to obtain City approval for the applicable Permit Application within ten (10) business days after Landlord’s written request therefor (it being agreed that each day of such ten
(10) business day period that it takes Tenant to make such changes shall be deemed a Tenant Delay Day). Landlord shall not be responsible for the accuracy of Tenant’s Architectural Drawings or any item provided by Tenant. Tenant shall, at
Landlord’s request, sign each Permit Application in acknowledgment thereof. 
 (e)    Estimated Delivery
Date. Landlord shall use commercially reasonable efforts to cause the Expansion Space Work to be Substantially Completed as follows: (i) with respect to the 4th Floor Work, the
date of Substantial Completion shall be the one hundred twentieth (120th) day after the date Tenant submits the Expansion Space Plans for the
4th Floor Space to Landlord in form sufficiently complete for Landlord’s submission of the Permit Application for the 4th Floor Work to
the City, which Substantial Completion Landlord estimates shall occur on or about May 23, 2018, it being agreed that Landlord shall not be required to deliver possession of the 4th Floor
Space to Tenant any earlier than May 23, 2018 (the “Estimated 4th Floor Space Delivery Date” or “E4FSDD”); and (ii) with respect to
the 6th Floor Work, provided Tenant has submitted the Expansion Space Plans for the 6th Floor Space to Landlord in form sufficiently complete
for Landlord’s submission of the Permit Application for the 6th Floor Work by no later than May 1, 2018, the date of Substantial Completion shall be November 1,2018 (the
“Estimated 6th Floor Space Delivery Date” or “E6FSDD”). If Landlord is unable to tender possession of the 4th Floor Space or the 6th Floor Space in the condition required hereunder by the E4FSDD or the E6FSDD, as the case may be, then: (1) the
validity of this Amendment shall not be affected or impaired thereby; (2) Landlord shall not be in default hereunder or be liable for damages therefor; 

  
 3 

 
and (3) subject to Tenant’s partial rent abatement rights as provided in Section 2(f) below and Tenant’s termination rights as provided in
Section 2(g) below, Tenant shall accept possession of the 4th Floor Space and the 6th Floor Space when Landlord
tenders possession thereof to Tenant. The E4FSDD and the E6FSDD, as the case may be, shall be extended one day for each day of delay caused by or attributable to a Tenant Delay Day or force majeure event, as such term is defined in
Section 9.12 of the Lease (it being understood by the parties hereto that for purposes of this Amendment, the City’s approval of the Permit Application and granting or issuing a Permit will not be considered a force
majeure event). Furthermore, if the City requires revisions to the Permit Application for any reason involving the Expansion Space Plans (regardless of fault), the E4FSDD and the E6FSDD, as the case may be, and the 4th Floor Outside Delivery Date and the 6th Floor Outside Delivery Date, as the case may be, shall be extended one day for each day that Tenant takes
to deliver revised Expansion Space Plans incorporating all such revisions to Landlord. Without limiting the generality of the foregoing, Tenant shall have three (3) business days following the City’s request to deliver such revised
Expansion Space Plans to Landlord. Any day beyond such three (3) business day period that Tenant takes to deliver such revised Expansion Space Plans to Landlord shall result in a deduction of one day of rent abatement to which Tenant is
entitled hereunder. 
 (f)    Partial Rent Abatement. Notwithstanding the foregoing, if Landlord is
unable to deliver possession of the 4th Floor Space or the 6th Floor Space to Tenant by the E4FSDD or the E6FSDD, as the case may be, and such
delay is due solely to Landlord’s acts or omissions and not caused by or attributable to a Tenant Delay Day or force majeure event, then Tenant shall, as its sole remedy therefore, be entitled to an abatement (in addition to the rent abatement
provided in Section 8 below) of seventy five percent (75%) of the monthly Base Rent for each day beginning on the E4FSDD or the E6FSDD, as the case may be, and ending on the day Landlord delivers possession of the 4th Floor Space or the 6th Floor Space, as the case may be (in either case, the “Partial Rent Abatement”). Notwithstanding the
foregoing, if the foregoing delay in delivery of possession is due to the City requiring changes to the applicable Expansion Space Plans following submission thereof with the applicable Permit Application, and such changes are not due to
Tenant’s error or omission or had been raised earlier, then Tenant shall be entitled to only fifty percent (50%) of the Partial Rent Abatement up to one hundred twenty (120) days following the applicable Commencement Date (it being agreed
that any time taken by Tenant to revise and resubmit such changes to Landlord for more than three (3) business days shall be deducted from the one hundred twenty (120) day period). For the avoidance of doubt, notwithstanding anything to
the contrary contained in this Amendment, each day Tenant takes to revise and resubmit any change to any portion of the Expansion Space Plans to Landlord as required under the terms hereinabove (regardless of whether or not a time period is provided
therefor) shall be deemed a Tenant Delay Day. 
 (g)    Tenant’s Termination Right. 

(i)    4th Floor Space. 

(1)    Vacancy. Notwithstanding the above, in the event Landlord has not demonstrated to
Tenant’s reasonable satisfaction, by no later than the 4th Floor Vacancy Deadline, as hereinafter defined, that (I) all of the occupants of the 4th Floor Space have vacated or been removed, and (II) Landlord shall commence the 4th
Floor Work immediately, then, for as 

  
 4 

 
long as such conditions remain unsatisfied, Tenant, as its sole remedy therefor, shall have the right to terminate this Amendment with respect to the entire Expansion Space. As used herein, the
“4th Floor Vacancy Deadline” is March 31, 2018, as such date may be extended due to delays caused by or attributable to a Tenant Delay Day or force majeure event. Upon any such termination, Tenant shall continue to lease the
Existing Premises pursuant to the terms of the Lease, as amended hereby with respect to Tenant’s termination of the Lease with respect to the Expansion Space. 

(2)    Outside Delivery Date. Notwithstanding the above, in the event the 4th Floor Space Commencement Date has not occurred by November 1, 2018 (the “4th Floor Outside Delivery Date”),
as such date may be extended due to delays caused by or attributable to a Tenant Delay Day or force majeure event, then Tenant, as its sole remedies therefor, shall have the right to (A) terminate this Amendment with respect to the entire
Expansion Space, or (B) grant Landlord an extension on the 4th Floor Outside Delivery Date of up to ninety (90) days, after which Tenant shall again have the right to terminate this
Amendment with respect to the entire Expansion Space if Landlord has failed to deliver the 4th Floor Space by delivering written notice to Landlord within ten (10) business days following the
4th Floor Outside Delivery Date but prior to delivery of possession of the 4th Floor Space. Upon any such termination, Tenant shall continue to
lease the Existing Premises pursuant to the terms of the Lease, as amended hereby with respect to Tenant’s termination of the Lease with respect to the Expansion Space. 

(ii)    6th Floor
Space. Notwithstanding the above, provided Tenant has not terminated this Amendment with respect to the entire Expansion Space as provided in Section 2(g)(i) above, in the event the 6th Floor Space
Commencement Date has not occurred by May 1, 2019 (the “6th Floor Outside Delivery Date”), as such date may be extended due to delays caused by or attributable
to a Tenant Delay Day or force majeure event, then Tenant, as its sole remedies therefor, shall have the right to: (A) terminate this Amendment with respect to the entire Expansion Space; or (B) grant Landlord an extension on the 6th Floor Outside Delivery Date of up to ninety (90) days, after which Tenant shall again have the right to terminate this Amendment with respect to the entire Expansion Space, by delivering
written notice to Landlord within ten (10) business days following the 6th Floor Outside Delivery Date. Upon any such termination, Tenant shall continue to lease the Existing Premises
pursuant to the terms of the Lease, as amended hereby. 
 (iii)    Limitation of Tenant’s Liabilities;
Remedies. If Tenant exercises its termination right in accordance with this Section 2, Tenant shall have no liability for any costs incurred by Landlord in terminating any lease with a current tenant of the 4th Floor Space or the 6th Floor Space, or with regard to any costs or expenses incurred by Landlord in the performance of any aspects of the Permit
Application (as defined below), or the performance of the Expansion Space Work (as defined below), and Landlord shall reimburse Tenant, within thirty (30) days following receipt of invoices from Tenant for all reasonable, actual third party
costs incurred by Tenant in the preparation of the Expansion Space Plans (as defined below). In addition, in the event Tenant elects to terminate this Amendment as it applies to the Expansion Space because Landlord has failed to meet any deadline
(as the same may be extended) herein applicable to the 6th Floor Space, if at the time of such termination Landlord has delivered the 4th Floor
Space to Tenant, Tenant shall remove all of its furniture, equipment and other personal property from the 4th Floor Space and shall vacate same, in broom clean condition, within sixty
(60) days after Tenant has so terminated this Amendment as it applies to the Expansion Space. 

  
 5 

 (h)    Early Access to Expansion Space. Provided
Tenant does not interfere with Landlord’s construction of the 4th Floor Work and the 6th Floor Work, as the case may be, Tenant shall have
early access to the 4th Floor Space and the 6th Floor Space, as the case may be, fourteen (14) days prior to Landlord’s then-current
estimated date of delivery of the 4th Floor Space and the 6th Floor Space, as the case may be (the “Access Date”). Such early
occupancy shall be subject to all of the terms and conditions of the Lease (as amended hereby), except for Tenant’s obligation to pay Rent for the applicable portion of the Expansion Space (which obligation shall commence upon the 4th Floor Space Commencement Date and the 6th Floor Space Commencement Date, as the case may be). Such period of early occupancy shall commence on
the Access Date and continue through the date immediately preceding the 4th Floor Space Commencement Date and the 6th Floor Space Commencement
Date, as the case may be (the “Early Occupancy Period”). During the Early Occupancy Period, Tenant may enter the 4th Floor Space or the 6th Floor Space, as the case may be (but not any other portion of the Building or the Project other than the Existing Premises) for the sole purpose of installing telephones, electronic communication
equipment, fixtures and furniture, provided that Tenant shall be solely responsible for all of the foregoing and for any loss or damage thereto from any cause whatsoever. Such early access and such installation shall be permitted only to the extent
the same will not interfere with the access, use and occupancy of the Building or the Project by Landlord or any other tenant or occupant or Landlord’s construction of the Expansion Space Work or otherwise delay Landlord’s delivery of any
portion of the Expansion Space to Tenant. The provisions of Sections 5.7 and Article 7 of the Lease with respect to Tenant’s insurance and indemnity obligations shall apply in full during the Early Occupancy Period, and Tenant
shall (x) provide certificates of insurance evidencing the existence and amounts of liability insurance carried by Tenant and its agents and contractors, reasonably satisfactory to Landlord, prior to and as a condition to such early entry, and
(y) comply with all laws applicable to such early entry work in the Expansion Space. 
 3.    Swing
Space. Commencing on October 14, 2017, with retroactive effect thereto, Tenant shall lease Suite 700 in the Building (“Suite 700”), containing approximately 2,669 rentable square feet (2,321 usable square feet),
subject to the terms and conditions of the Lease, as amended hereby. In addition, Tenant shall have the right upon ten (10) days’ prior written notice to Landlord but no later than December 1, 2017, to lease Suite 725 in the Building
(“Suite 725”), containing approximately 4,254 rentable square feet (3,699 usable square feet), commencing no earlier than December 1, 2017. In addition, Tenant shall have the right, exercisable upon delivery of written notice
to Landlord by April 1, 2018, to lease Suite 720 in the Building (“Suite 720”), containing approximately 2,792 rentable square feet (2,428 usable square feet), commencing on July 1,2018, Suite 700, 720 and 725 shall
collectively be referred to herein as the “Swing Space.” For purposes of this Amendment, the Swing Space shall be deemed part of the Existing Premises and subject to the Lease, as amended hereby. If Tenant exercises its option to
lease Suite 725 and/or Suite 720, to the extent Landlord has the legal right to do so and the current tenants therein have vacated and surrendered such spaces, Tenant shall be permitted early access to such spaces under the same terms and conditions
provided in Section 2(h) above, except that access to Suite 725 shall be no earlier than November 26, 2017, the day after the current lease of such space expires. All such occupancies shall be on a month-to-month basis and shall terminate automatically at 5:00 p.m. local time on the day immediately prior to the 4th
Floor Space Commencement Date (the “Swing Space Termination Date”), unless sooner terminated as provided in the Lease, as amended hereby. Tenant shall accept each suite in the Swing Space in its “AS IS” condition as of the
date on which Landlord delivers possession thereof to Tenant. Tenant shall pay, in addition to all other amounts due and payable under the Lease, a monthly Base Rent of $4.50 per rentable square foot for the Swing Space leased by Tenant, during such
month-to-month tenancy. 

  
 6 

 4.    Size of Leased Premises. As of the 4th Floor Space Commencement Date, the “Leased Premises” shall mean and refer to the Existing Premises and the 4th Floor Space consisting
of approximately 37,518 rentable square feet in the aggregate. As of the 6th Floor Space Commencement Date, the term the “Leased Premises” shall mean and refer to the Existing Premises,
the 4th Floor Space and the 6th Floor Space consisting of approximately 56,485 rentable square feet (48,950 usable square feet) in the
aggregate. In addition, Tenant may have the right to expand the Leased Premises pursuant to the terms of the Right of First Offer attached hereto as Exhibit D. 

5.    Condition of Premises; Warranty. Tenant has been occupying the Existing Premises, is familiar
with the condition thereof and accepts the Existing Premises in its “AS IS” state and condition. Tenant shall accept the 4th Floor Space and the 6th Floor Space in their “AS IS” state (except as expressly provided in this Amendment) and broom clean condition as of the 4th Floor Space
Commencement Date and the 6th Floor Commencement Date, as the case may be, and Landlord shall have no obligation to make any improvements or renovations in or to the Existing Premises and/or the
Expansion Space or to otherwise prepare the same for Tenant’s use and occupancy except as expressly set forth in this Amendment. Unless indicated otherwise by Tenant by written notice to Landlord, any remaining furniture and personal property
abandoned by any prior tenants shall be removed from the Expansion Space by Landlord at Landlord’s sole cost prior to delivery of the Expansion Space to Tenant. Notwithstanding the foregoing, Landlord warrants that for twelve (12) months
following the 4th Floor Space Commencement Date and the 6th Floor Space Commencement Date, as the case may be (each, a “Warranty
Period”), the mechanical, electrical and plumbing systems located in and serving the 4th Floor Space and the 6th Floor Space, as the
case may be, shall be in good working order, condition and repair. Landlord shall repair any defective or malfunctioning component of such systems of which Landlord has received written notice from Tenant describing the failure or malfunction within
the applicable Warranty Period. 
 6.    Compliance with Law. During the Term and any extensions
thereof, Landlord shall, at Landlord’s sole cost (except where provided otherwise in the Lease) and without limiting Tenant’s compliance obligations under the Lease, maintain the Common Areas of the Building, all Building systems
(including, but not limited to, fire, life safety, elevators, electrical) and the Leased Premises, including any Swing Space and Offer Space (as defined in Exhibit D attached hereto), in compliance with all governmental laws, regulations,
building codes and ordinances, rules and orders, including, without limitation, environmental laws, any “Green” building requirements, whether voluntary or mandated, Title 24, and the Americans with Disabilities Act, regardless if any such
are triggered as a result of the Expansion Space Work. 
 7.    Term of Lease. 

(a)    Expansion Space Term. The period commencing on the 4th Floor Space Commencement Date and expiring on the last day of the eighty seventh (87th) month following the 6th Floor Space Commencement Date (the “Expansion Space Expiration Date” or “ESED”) shall be referred to herein as the “Expansion Space Term.”

  
 7 

 (b)    Extension of Term. The parties acknowledge
that the current Term of the Lease with respect to the Existing Premises (the “Existing Premises Term”) is scheduled to expire on November 30, 2023. Notwithstanding the foregoing, the Existing Premises Term shall be extended by
the period commencing on December 1, 2023 and expiring on the Expansion Space Expiration Date (the “Existing Premises Extension Term”) so that the Terms of the Lease with respect to the Existing Premises and the Expansion Space
expire co-terminously. Effective as of the date hereof, the “Term Expiration Date” as used in the Lease shall mean and refer to the Expansion Space Expiration Date. 

8.    Rent for Premises. 

(a)    Base Rent for Existing Premises. Throughout the Existing Premises Term, Tenant shall continue
to pay Base Rent for the Existing Premises in accordance with the terms of the Lease. Commencing on December 1, 2023 and thereafter on or before the first (1st) day of each calendar month
during the Existing Premises Extension Term, Tenant shall pay to Landlord Base Rent for the Existing Premises at the monthly Base Rent rate then-in effect for the
6th Floor Space as set forth in Section 8(c) below. 

(b)    Base Rent for 4th Floor
Space. Commencing on the 4th Floor Space Commencement Date and thereafter on or before the first (1st) day of each calendar
month during the Expansion Space Term, in addition to all Rent for the Existing Premises and all other Rent for the 4th Floor Space, Tenant shall pay to Landlord Base Rent for the 4th Floor Space as follows: 
  

									
	 Monthly
	  	 Base Rent Rate Months

Per Rentable Square Foot
	 	  	
Monthly Base Rent
	 
	 4FSCD - 3
	  	$	0.0000	 	  	 	Abated	* 
	 4-12
	  	$	4.7000	 	  	$	88,096.80	 
	 13-24
	  	$	4.8410	 	  	$	90,739.70	 
	 25-36
	  	$	4.9862	 	  	$	93,461.90	 
	 37-48
	  	$	5.1358	 	  	$	96,265.75	 
	 49-60
	  	$	5.2899	 	  	$	99,153.72	 
	 61-72
	  	$	5.4486	 	  	$	102,128.34	 
	 73-84
	  	$	5.6120	 	  	$	105,192.19	 
	 85 – ESED
	  	$	5.7804	 	  	$	108,347.95	 

  

	*	 Base Rent for the 4th Floor Space shall be abated for the
first three (3) months of the Expansion Space Term. Notwithstanding such abatement of Base Rent, (a) all other sums due under the Lease, including Tenant’s Proportionate Share of Basic Operating Costs, Tenant’s Proportionate
Share of Property Taxes and Additional Rent, shall be payable as provided in the Lease, and (b) any increases in Base Rent set forth above shall occur on the dates scheduled therefor. The abatement of Base Rent provided for above is conditioned
upon Tenant’s full and timely performance of all of its obligations under the Lease, as amended hereby. If at any time during the Term Tenant defaults under any term or provision of the Lease, as amended hereby, and fails to cure such default
within the prescribed cure period, Tenant shall promptly pay to Landlord, in addition to all other amounts due to Landlord under the Lease, as amended hereby, a prorated amount of all Base Rent hereinabove abated (i.e., up to $264,290.40, depending
on when 

  
 8 

	 	
such default and failure to cure timely occurs), which portion shall be based on the ratio between the number of days remaining in the Expansion Space Term as of the date of the end of all
applicable cure periods for such event of default, and the total number of days in the Expansion Space Term applicable to the 4th Floor Space. No such payment by Tenant of any portion of the
abated Base Rent shall constitute a waiver by Landlord of any default of Tenant or any election of remedies by Landlord. 

(c)    Base Rent for 6th Floor
Space. Commencing on the 6th Floor Space Commencement Date and thereafter on or before the first (1st) day of each calendar
month during the Expansion Space Term, in addition to all Rent for the Existing Premises and the 4th Floor Space and all other Rent for the 6th
Floor Space, Tenant shall pay to Landlord Base Rent for the 6 Floor Space as follows: 
  

									
	 Months
	  	 Monthly Base Rent Rate

Per Rentable Square Foot
	 	  	
Monthly Base Rate
	 
	 6FSCD - 3
	  	$	0.0000	 	  	 	Abated	* 
	 4-12
	  	$	4.7000	 	  	$	89,144.90	 
	 13-24
	  	$	4.8410	 	  	$	91,819.25	 
	 25-36
	  	$	4.9862	 	  	$	94,573.82	 
	 37-48
	  	$	5.1358	 	  	$	97,411.04	 
	 49-60
	  	$	5.2899	 	  	$	100,333.37	 
	 61-72
	  	$	5.4486	 	  	$	103,343.37	 
	 73-84
	  	$	5.6120	 	  	$	106,443.67	 
	 85 – ESED
	  	$	5.7804	 	  	$	109,636.98	 

  

	*	 Base Rent for the 6th Floor Space shall be abated for the
first three (3) months of the Expansion Space Term. Notwithstanding such abatement of Base Rent, (a) all other sums due under the Lease, including Tenant’s Proportionate Share of Basic Operating Costs, Tenant’s Proportionate
Share of Property Taxes and Additional Rent, shall be payable as provided in the Lease, and (b) any increases in Base Rent set forth above shall occur on the dates scheduled therefor. The abatement of Base Rent provided for above is conditioned
upon Tenant’s full and timely performance of all of its obligations under the Lease, as amended hereby. If at any time during the Term Tenant defaults under any provision of the Lease, as amended hereby, and fails to cure such default within
the prescribed cure period, Tenant shall promptly pay to Landlord, in addition to all other amounts due to Landlord under the Lease, as amended hereby, a prorated amount of all Base Rent hereinabove abated (i.e., up to $267,434.70, depending on when
such default and failure to cure timely occurs), which portion shall be based on the ratio between the number of days remaining in the Expansion Space Term as of the date of the end of all applicable cure periods for such event of default, and the
total number of days in the Expansion Space Term applicable to the 6th Floor Space. No such payment by Tenant of any portion of the abated Base Rent shall constitute a waiver by Landlord of any
default of Tenant or any election of remedies by Landlord. 

  
 9 

 9.    Other Components of Gross Rent. 

(a)    Tenant’s Proportionate Share. Based on the current measurement of the Building of
approximately 278,596 rentable square feet, effective as of the 4th Floor Space Commencement Date, Tenant’s Proportionate Share with respect to the Existing Premises and the 4th Floor Space shall be 13.47%, and effective as of the 6th Floor Space Commencement Date, Tenant’s Proportionate Share with respect to the
Existing Premises and the Expansion Space shall be 20.27%. 
 (b)    Base Year. During the
Expansion Space Term, the Base Year for the 4th Floor Space shall be calendar year 2018, and the Base Year for the 6th Floor Space shall be
calendar year 2019. 
 (c)    Tenant’s Audit Right. Tenant shall continue to have the right to
audit Landlord’s books and records with respect to the Expansion Space on the terms and conditions set forth in Section 3.4(e) of the Lease, except that (i) reference to “seven percent (7%)” in the tenth
(10th) line from the bottom of such Section shall be deleted and replaced with “five percent (5%)” and (ii) effective as of the date hereof, Landlord shall maintain its books and
records for two (2) years following the expiration or earlier termination of the Lease. 
 (d)    Base Year
Adjustments. If Landlord eliminates a recurring category of expenses from any Computation Year’s Basic Operating Costs which category was previously included in the Base Year, Landlord may subtract such category from the Base
Year commencing with such Computation Year. If Landlord adds a recurring category of expenses to any Computation Year’s Basic Operating Costs which category was previously not included in the Base Year, Landlord shall add such category to the
Base Year commencing with such Computation Year. Increases in Basic Operating Costs and Property Taxes shall be determined separately, and a reduction or an increase in the aggregate amount of Basic Operating Costs or Property Taxes in any
Computation Year shall not be applied to reduce or increase any increase otherwise applicable to the other category. Tenant shall not be entitled to any reduction, refund, offset, allowance or rebate in Base Rent if the Basic Operating Costs or
Property Taxes for any Computation Year are less than the Basic Operating Costs or Property Taxes incurred relating to Basic Operating Costs and/or Property Taxes, as applicable, during the Base Year. 

(e)    Property Tax Adjustments. If the Building and/or the Project is not fully assessed in the Base
Year and any Computation Years, Property Taxes shall be adjusted to reflect the assessment value had the Building and/or the Project been fully completed and assessed for tax purposes. Notwithstanding the foregoing, if Landlord obtains a reduction
in Property Taxes for a Base Year, then such reduction shall not reduce the amount of Property Taxes for such Base Year for purposes of calculating Tenant’s Proportionate Share of Property Taxes. 

(f)    Basic Operating Costs. Section 3.5(a)(11) of the Lease shall be
deleted and replaced with the following: 
 “(11)    Amortized costs (together with reasonable
financing charges) of capital improvements made to the Project subsequent to the Term Commencement Date 

  
 10 

 
which are designed to improve the operating efficiency of the Project, achieve energy or carbon reduction, improve the health, safety and welfare of the Project and its tenants, or which may be
required by government codes enacted or interpretation rendered after the Term Commencement Date with respect to any existing laws or otherwise required by governmental authorities, including, but not limited to, those improvements required for the
benefit of individuals with disabilities, such amortization to be taken in accordance with generally accepted accounting principles.” 

(g)    Basic Operating Cost Exclusions. Notwithstanding anything to the contrary contained in the
Lease, the following items shall be added to the list of Basic Operating Costs exclusions set forth in Section 3.5(d) of the Lease: (i) Costs of a capital nature including capital leases not otherwise allowable;
(ii) Landlord’s general overhead expenses not related to the Building; (iii) Costs paid to related parties/subsidiaries greater than market rates; (iv) specific tenant costs or services benefitting specific tenant(s) to the
exclusion of Tenant; (v) costs resulting from Landlord’s violation of applicable laws; (vi) costs resulting from the repair of defects in the original design or construction of the Building; (vii) political, charitable, industry
or other contributions, subscriptions or membership fees; (viii) damage and repairs attributable to fire or other casualty; (ix) cost for repairs required to be carried by Landlord’s insurance; (x) except for insurance premiums,
costs resulting from the negligence or willful misconduct of Landlord or its agents; (xi) Executive salaries or allocation of salaries for personnel working on other properties (provided, however, Landlord may pass through a portion of such
salaries which are allocated to the Project); (xii) costs resulting from any violation by Landlord or any tenant of any lease obligation; (xiii) late fees or penalties incurred by Landlord; (xiv) costs reimbursed to Landlord;
(xv) cost for art other than normal maintenance; (xvi) costs for removing Hazardous Materials, except the incidental costs attributable to removing Hazardous Materials in the ordinary course of cleaning and maintaining the Project;
(xvii) commercial concessions; (xviii) advertising and promotional costs and activities for the Building including gifts and parties; (xix) rent for space within the Building or other locations; (xx) costs for any ground lease of
land; (xxi) depreciation and amortization on the Building and the Project; and (xxii) code compliance in effect on or before the Term Commencement Date with regard to the Existing Premises, the 4FSCD with regard to the 4th Floor Space and the 6FSCD with regard to the 6th Floor Space (provided, however, that the foregoing shall not limit Landlord’s right to pass through code compliance costs relating to the Common
Areas). 
 10.    Recapture Upon Sublease. Notwithstanding anything to the contrary contained in
the Lease, as amended hereby, Landlord’s right to recapture the Leased Premises in the event Tenant subleases more than forty percent (40%) of the Leased Premises shall be on a cumulative basis, i.e., if Tenant subleases a portion or portions
of the Leased Premises consisting of up to but no more than forty percent (40%) of the rentable square footage of the Leased Premises (the “Recapture Threshold”), if Tenant then proposes to sublease a separate portion of the Leased
Premises that, when added to the portion or portions of the Leased Premises that Tenant is then subleasing, would make the cumulative amount of space in the Leased Premises under sublease exceed the Recapture Threshold, then Landlord shall have the
right to recapture such portion of 

  
 11 

 
the Leased Premises proposed for subleasing only, and not the portion or portions of the Leased Premises which meet or fall below the Recapture Threshold. By way of example, if Tenant subleases
thirty percent (30%) of the rentable square footage of the Leased Premises and then subsequently proposes to sublease another fifteen percent (15%) of the rentable square footage of the Leased Premises, Landlord shall have the right to recapture the
fifteen percent (15%) of the rentable square footage of the Leased Premises. However, if Tenant subleases a portion of the Leased Premises which is higher than the Recapture Threshold, then Landlord shall have the right to recapture all such portion
of the Leased Premises which Tenant desires to sublease. By way of example, if Tenant proposes to sublease forty one percent (41%) of the rentable square footage of the Leased Premises, Landlord shall have the right to recapture such forty one
percent (41%) of the rentable square footage of the Leased Premises. 
 11.    Letters of Credit.

 (a)    New Letter of Credit. The parties acknowledge that Tenant’s
performance of its obligations under the Lease is secured by the Letter of Credit in the amount of $901,152.00 for the benefit of Original Landlord (the “Existing Letter of Credit”). Concurrently with its execution of this
Amendment, Tenant shall deliver to Landlord an amendment to the Existing Letter of Credit increasing the amount to $1,500,000 and replacing Original Landlord with Landlord as the beneficiary and, assuming Landlord delivers possession of the 6th Floor Space to Tenant by November 1, 2018, modifying the outside automatic extension date to January 31, 2026 (the “New Letter of Credit”); provided, however, on the last
day of the thirty-sixth (36th) month following the 6th Floor Space Commencement Date, Tenant shall continue to have the right to reduce the
amount of the New Letter of Credit pursuant to Section 5.14(c) of the Lease, except that the amount reduced shall be from $1,500,000 to $750,000 and Tenant shall not be required to provide any evidence of any operating
profit as a condition of such reduction. Without limiting the generality of the foregoing, if Landlord delivers possession of the 6th Floor Space after November 1, 2018, Tenant shall deliver
to Landlord, within thirty (30) days following Landlord’s delivery of the 6th Floor Space, an amendment to the New Letter of Credit modifying the outside automatic extension date from
January 31, 2026 to the last day of the third (3rd) month following the Expansion Space Expiration Date. In addition, in the event Tenant exercises any of its termination rights under
Section 2(g) above, Tenant shall be entitled to amend the New Letter of Credit to reduce the amount thereof to $901,152, and Tenant shall be entitled to further amend such New Letter of Credit to reduce the amount thereof
to $450,576 as of the last day of the forty-fourth (44th) calendar month after the Term Commencement Date, as provided in Section 5.14(c) of the Lease except that Tenant
shall not be obligated to provide any evidence of any operating profit as a condition of such reduction. Notwithstanding the foregoing, if Tenant exercises its option to terminate this Amendment as it pertains to the Expansion Space as provided in
Section 2(g) above, Landlord shall, at no cost to Landlord, cooperate with Tenant in amending the New Letter of Credit to decrease the amount thereof to $901,152.00, and to change the outside automatic extension date to
February 29, 2024. 
 (b)    Letter of Credit for Connecting Stairwell/Light Well. In
connection with the installation of the Connecting Stairwell and/or a Light Well, as provided in Exhibit B hereto, concurrently with Tenant’s submission of the 6th Floor Plans to
Landlord, Tenant shall deliver to Landlord a Letter of Credit in an amount equal to the estimated inflated cost of the removal and restoration of the Connecting Stairwell and/or Light Well based on the City approved structural drawings, to be
determined in good faith by the parties. Such Letter of Credit shall not be subject to reduction. 

  
 12 

 12.    Parking. During the Expansion Space Term, in
connection with Tenant’s lease of the Expansion Space, Tenant shall have the right to use up to thirty seven (37) additional unreserved parking spaces in the Parking Garage at the prevailing rates established by Landlord for the Building
from time to time. 
 13.    Signage. 

(a)    Suite Signage. Subject to and in compliance with the terms of
Section 4.4 of the Lease, Tenant shall have the right, at Tenant’s sole expense (or, at Tenant’s election, deducted from the Construction Allowance, as defined in Exhibit B), to install signage of its name
and logo on the walls of the fourth (4th) and sixth (6th) floor elevator lobbies of the Building and on the entrance doors to the 4th Floor Space and the 6th Floor Space. 

(b)    Building Top Signage. 

(i)    General Conditions. 

(1)    Master Signage Program. Landlord is currently in the process of submitting an application to
the City for a master sign permit (the “Master Signage Program”) to enable Landlord to install or to allow the installation of, exterior signage for occupants of the Building, including signage on the top of each side of the
Building (“Building Top Signage”). Landlord’s application for the Master Signage Program shall be at Landlord’s sole expense, and Landlord shall use commercially reasonable efforts to obtain the City’s approval of the
Master Signage Program. 
 (2)    Tenant’s Building Top Signage Permit.
Subject to and in compliance with the terms of Section 4.4 of the Lease, Tenant shall, at Tenant’s sole cost, apply for a separate permit for Tenant’s Building Top Signage (“Tenant’s Building Top
Signage Permit”). Tenant shall use commercially reasonable efforts to obtain the City’s approval of Tenant’s Building Top Signage Permit, and Landlord shall, at no additional cost to Landlord, cooperate with Tenant in obtaining
the same. 
 (3)    Signage Allotment. Subject to City approval of Tenant’s Building Top
Signage Permit and in compliance with the Master Signage Program and the terms of the Lease, so long as Tenant is leasing more than 50,000 rentable square feet of the Building and is in physical occupancy of more than 37,500 rentable square feet of
space in the Building, Tenant shall have the exclusive right to license one hundred percent (100%) of the total maximum square footage of Building Top Signage permitted for the entire Building. If Tenant is in physical occupancy of more than 37,500
rentable square feet of the Building, but is leasing less than 50,000 rentable square feet of the Building, the maximum square footage of the Building Top Signage available to Tenant shall be seventy five percent (75%) of the total maximum square
footage of Building Top Signage permitted by the Master Signage Program and the City for the entire Building. Subject to the Master Signage Program and City approval, Tenant may elect to have such Building Top Signage on one or two sides of the
Building. If at any time during the Term, Tenant is in physical occupancy of less than 37,500 rentable square feet in the Building, Tenant 

  
 13 

 
shall not be entitled to any Building Top Signage and shall, at its sole cost, remove any then-existing Building Top Signage of Tenant within thirty (30) days after receipt of
Landlord’s notice instructing such removal; provided, however, if the reason Tenant is in physical occupancy of less than 37,500 rentable square feet in the Building is as a result of Tenant’s termination of this Amendment as it pertains
to the Expansion Space as a result of Landlord’s failure to deliver the Expansion Space to Tenant as provided in Section 2(g) above, Tenant shall not be obligated to remove any such then-existing Building Top Signage
unless Landlord has reimbursed Tenant for all reasonable, actual out of pocket costs incurred by Tenant in having such signage designed, constructed and installed, and for the estimated costs of removal and disposal of such signage as provided in
invoices and approved by Landlord. 
 (4)    License Fee. Tenant shall pay Landlord a monthly fee
in the amount of $5,000 for each Building Top Signage. Payment of such fee shall commence upon the completion of installation of each such Building Top Signage. 

(5)    Assignability; Delay. All Tenant signage rights shall be transferable in whole or in part by
Tenant in connection with any assignment of the Lease, as amended hereby, in accordance with Section 5.6 of the Lease. In no way shall any delay or failure of Landlord to deliver to Tenant any exterior signage rights
diminish, limit or otherwise affect Tenant’s other obligations under the Lease, as amended hereby. 

(ii)    Exercise of Option. Tenant shall have the one time right to elect to license the
abovementioned Building Top Signage upon written notice to Landlord delivered within twelve (12) months following the later of (A) the 4th Floor Space Commencement Date and (B) the
date on which the City approves the Master Signage Program. Such election may be for the full amount of signage to which Tenant is entitled, as provided in Section 13(b)(i)(B) above, or for a lesser amount. Upon
Tenant’s timely exercise of such right, Landlord and Tenant shall use commercially reasonable efforts to obtain City approval and install such signage in a timely manner. If Tenant fails to notify Landlord within such twelve (12) month
period, or if Tenant elects to license a portion but not all of such rights, then Tenant’s right to any remaining Building Top Signage will be null and void, and Landlord may freely license such rights to other parties without any liability to
Tenant, provided, however, that as long as Tenant has any such Building Top Signage, Landlord shall not allow any Building Top Signage of any other party on the same side of the Building. 

14.    Surrender. Notwithstanding anything to the contrary contained in the Lease, upon the
expiration or earlier termination of the Lease, Tenant shall not be obligated to (i) remove or restore any portion of the Expansion Space Work, or (ii) remove any Alterations therein not required to be removed by Landlord in writing;
provided, however, Tenant shall pay for all costs in connection with the removal of the Connecting Stairwell and/or the Light Well, to the extent either or both are constructed, and for all costs in connection with the construction of unfinished
structural fill-in ceiling/flooring in the area of such Connecting Stairwell and/or Light Well, as applicable. 

15.    Holding Over. Notwithstanding anything to the contrary contained in the Lease, in the event
Tenant continues its occupancy, with or without Landlord’s approval, beyond the expiration of the Term (as extended hereby), Tenant’s occupancy shall be deemed a month to 

  
 14 

 
month tenancy, which may be terminated by either party upon thirty (30) days’ prior written notice to the other party. Tenant’s payment of Gross Rent during any such holdover
period shall be determined in accordance with Section 9.5 of the Lease. 

16.    Landlord’s Representatives. Effective immediately, the terms “Landlord’s
Representatives” and “Landlord Parties” as used in the Lease shall include Landlord, Harvest Properties, Inc., (“Harvest”) and KRE 180 Grand Manager LLC (“KRE”). Furthermore, Tenant shall add
Landlord, Harvest and KRE as additional insureds to its insurance policies required under the Lease. 

17.    Notices. Effective immediately, Landlord’s address for notice purposes under the Lease
shall be as follows: 
 180 Grand Owner LLC 

c/o Harvest Properties, Inc. 

6425 Christie Avenue, Suite 220 

Emeryville, CA 94608 

Attention: Asset Manager 

18.    Civil Code Section 1938 Advisory. Landlord and Tenant
acknowledge and agree that the Leased Premises have not been inspected by a Certified Access Specialist (“CASp”) pursuant to Section 1938 of the Civil Code (“Code”). The parties further agree, pursuant
to subdivision (e) of Section 55.53 of the Code the following: 
 (a)    A CASp can inspect the Leased
Premises and determine whether the Leased 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 Leased Premises, Landlord may not
prohibit Tenant from obtaining a CASp inspection of the Leased Premises for the occupancy or potential occupancy of Tenant, if requested by the 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 the construction-related accessibility standards within the Leased Premises. 

(b)    Pursuant to the paragraph above, the parties expressly agree that, if Tenant elects to obtain a CASp inspection of
the Leased Premises, Tenant shall be solely responsible for scheduling the inspection and that such inspection shall not unreasonably interfere with the operations of the Leased Premises and/or Building or disturb any other tenant or occupant.
Tenant shall be solely responsible for any and all costs to perform the CASp inspection, including any ancillary costs relating thereto. If the results of the inspection determine that modifications or alterations are required to meet all applicable
construction-related accessibility standards, Tenant agrees to perform such work, in its sole cost and expense and provided approvals from Landlord are obtained under the Lease, as required; provided, however, if the results of the inspection
determine that any such modifications or alterations are required due to Landlord’s performance of the Expansion Space Work, Landlord agrees to perform the work required to meet such standards at its sole cost and expense. Landlord and Tenant
agree that all work shall be performed in good workmanlike manner in compliance with all laws and using commercially reasonable efforts to minimize any disruption to the Building and other tenants or occupants, if applicable.

  
 15 

 
Furthermore, Tenant agrees that any report that is generated as a result of an inspection pursuant to this Section 18 and all information contained therein, shall remain
confidential, except as necessary for Tenant to complete repairs and/or correct violations, as agreed herein. 

19.    Brokers. Tenant warrants that it has had no dealing with any broker or agent in connection
with the negotiation or execution of this Amendment, except for Harvest Properties, Inc., representing Landlord, and Newmark Cornish & Carey, representing Tenant (“Tenant’s Broker”). Landlord shall pay any commission
due to such brokers pursuant to a separate written agreement. Tenant agrees to indemnify, defend and hold Landlord harmless from and against any claims by any broker, agent or other person claiming a commission or other form of compensation by
virtue of having dealt with Tenant with regard to this leasing transaction. 
 20.    Full Force and
Effect. Except as modified by the terms of this Amendment, the terms, covenants, conditions and agreements of the Lease are hereby in all respects ratified, confirmed and approved, and remain in full force and effect. Tenant hereby
affirms that the Lease, and all of its terms, conditions, covenants, agreements and provisions, except as hereby modified, are in full force and effect. 

21.    No Changes. This Amendment contains the entire understanding among the parties with respect to
the matters contained herein. No representations, warranties, covenants or agreements have been made concerning or affecting the subject matter of this Amendment. This Amendment may not be changed orally, but only by an agreement in writing signed
by the party against whom enforcement of any waiver, change or modification or discharge is sought. 

22.    Severability. If any term or provision of this Amendment is, to any extent, held to be invalid
or unenforceable, the remainder of this Amendment will not be affected, and each term or provision of this Amendment will be valid and be enforced to the fullest extent permitted by law. If the application of any term or provision of this Amendment
to any person or circumstances is held to be invalid or unenforceable, the application of that term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, will not be affected, and each term or
provision of this Amendment will be valid and be enforced to the fullest extent permitted by law. 
 23.    Time
of Essence. The parties hereto agree that time is of the essence with respect to all of its covenants, obligations and agreements herein. 

24.    Counterparts. This Amendment may be executed in any number of identical counterparts each of
which shall be deemed to be an original and all, when taken together, shall constitute one and the same instrument. 

25.    No Offer. Submission of this instrument for examination and signature by Tenant does not
constitute an offer to lease or a reservation of or option for lease, and this instrument is not effective as a lease amendment or otherwise until executed and delivered by both Landlord and Tenant. 

26.    Governing Law. This Amendment shall in all respects be interpreted, enforced and governed by
and under the laws of the State of California. 

  
 16 

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

			
	LANDLORD:	 	TENANT:
		
	 180 GRAND OWNER LLC,
 a Delaware limited
liability company
	 	 MARQETA, INC.,
 a Delaware
corporation

		
	 By: /s/ Justin
Pattner                                     

Name: Justin
Patter                                       

Its: Authorized
Signatory                             
	 	 By: /s/ Omri
Dahan                            

Name: Omri S.
Dahan                       
 Its:
Chief Revenue Officer                

		
	Execution Date: 11/8, 2017	 	Execution Date: 11/8, 2017

  
 17 

 EXHIBIT A-l 

4TH FLOOR SPACE 

  
 A-1 

 EXHIBIT A-2 

6TH FLOOR SPACE 

  
 A-2 

 EXHIBIT B 

WORK LETTER 

1.    Acceptance of Premises. Except as set forth in the Amendment and this Exhibit, Tenant accepts
the Expansion Space in its “AS IS” condition. 
 2.    Tenant’s Architect. Tenant
shall have the right to use its selected architect (the “Architect”) to prepare the Expansion Space Plans. Upon delivery of invoices, the Architect’s fees may be included in the Construction Allowance. Tenant shall
contract directly with the Architect for the preparation of the Expansion Space Plans. 
 3.    Connecting
Stairwell/Light Well. The 6th Floor Work shall include the construction of a stairwell connecting the Existing Premises and the
6th Floor Space (the “Connecting Stairwell”) and/or the construction of a light well between the Existing Premises and the
6th Floor Space (a “Light Well”), each in a location to be designated by Tenant in the 6th Floor Plans and reasonably
approved by Landlord. 
 4.    Approval of Space Plans. On or before the fifth (5th) day following the date of mutual execution of this Amendment, Tenant shall deliver to Landlord a space plan prepared by the Architect depicting the Expansion Space Work (the “Space
Plans”). Landlord shall notify Tenant whether it approves of the submitted Space Plans within five (5) business days after Tenant’s submission thereof. If Landlord disapproves of such Space Plans, then Landlord shall notify Tenant
thereof specifying in reasonable detail the reasons for such disapproval, in which case Tenant shall, within five (5) business days after such notice, revise such Space Plans in accordance with Landlord’s objections and submit same to
Landlord for its review and approval. Landlord shall notify Tenant in writing whether it approves of the resubmitted Space Plans within three (3) business days after its receipt thereof. This process shall be repeated until the Space Plans have
been finally approved by Landlord and Tenant. 
 5.    Approval of Architectural Drawings. On or
before the dates indicated in Section 2(d) of this Amendment, Tenant shall provide to Landlord for its approval final architectural drawings, prepared by the Architect, of the Expansion Space Work; such architectural
drawings shall include the partition layout, ceiling plan, electrical outlets and switches, telephone outlets, and detailed plans and specifications for the construction of the Expansion Space Work in accordance with all applicable Laws (the
“Architectural Drawings”). Tenant shall include the structural design and stamped drawings for design and construction of the Connecting Stairwell and/or Light Well in the Architectural Drawings for the 6th Floor Work. Landlord shall notify Tenant whether it approves of the submitted Architectural Drawings within ten (10) business days after Tenant’s submission thereof. If Landlord
disapproves of such Architectural Drawings, then Landlord shall notify Tenant thereof specifying in reasonable detail the reasons for such disapproval, in which case Tenant shall, within ten (10) business days after such notice, revise such
Architectural Drawings in accordance with Landlord’s objections and submit the revised Architectural Drawings to Landlord for its review and approval. Landlord shall notify Tenant in writing whether it approves of the resubmitted Architectural
Drawings within five (5) business days after its receipt thereof. This process shall be repeated until the Architectural Drawings have been finally approved by Tenant and Landlord. Landlord shall cause the MEP Plans and the FLS Drawings to be
revised, as necessary, to accommodate the approved Architectural Drawings. 

  
 B-1 

 6.    Definitions. As used herein,
a “Tenant Delay Day” shall mean each day of delay in the performance of the Expansion Space Work and Landlord’s delivery of possession of any portion of the Expansion Space to Tenant that occurs (a) because of
Tenant’s failure to timely deliver, approve or revise any required documentation, including any portion of the Permit Application, (b) because Tenant fails to timely furnish any information, deliver, revise or approve any required
documents, including any portion of the Permit Application Tenant is obligated to provide pursuant to Section 2(d) of the Amendment (whether preliminary, interim revisions or final), pricing estimates, construction bids,
and the like, (c) because of any change by Tenant to the Expansion Space Work, (d) because Tenant fails to attend any meeting in connection with the performance of the Expansion Space Work as may be required or scheduled hereunder or
otherwise necessary in connection with the preparation or completion of any construction documents or any portion of the Permit Application, (e) because of any revisions to the Expansion Space Plans or the Permit Application after
Landlord’s initial submission thereof to the City; or (f) because Tenant or its employee, agent or representative otherwise delays completion of the Expansion Space Work and/or Landlord’s delivery of possession of any portion of the
Expansion Space to Tenant, provided Landlord has notified Tenant of such delay and has included in such notice a detailed description of the nature and basis for such delay, and the date(s) and asserted length of such delay. Landlord shall notify
Tenant of any such instance of a Tenant Delay Day. As used herein “Substantial Completion,” “Substantially Completed,” and any derivations thereof mean the Expansion Space Work has been performed in
substantial accordance with the plans and specifications upon which the City based its approval of the Permit, as determined by Landlord in good faith (other than any details of construction, mechanical adjustment or other similar matter, the non-completion of which does not materially interfere with Tenant’s use or occupancy of the Expansion Space). Notwithstanding anything to the contrary contained in the Lease, Tenant shall be liable for all
costs reasonably incurred by Landlord in connection with any Tenant Delay Day and shall reimburse such costs to Landlord within ten (10) days following receipt of Landlord’s demand. Without limiting Landlord’s rights and remedies,
provided Landlord notifies Tenant in advance, Landlord shall have the right to cease construction without any liability or penalty until Tenant cures any delay by Tenant. 

7.    Walk-Through; Punchlist. When Landlord considers the 4th Floor Work or the 6th Floor Work, as the case may be, to be Substantially Completed, Landlord will notify Tenant and within three
(3) business days thereafter, Landlord’s representative and Tenant’s representative shall conduct a walk-through of the applicable portion of Expansion Space and identify any necessary touch-up
work, repairs and minor completion items that are necessary for final completion of such portion of the Expansion Space Work (“Punchlist Items”). Neither Landlord’s representative nor Tenant’s representative shall
unreasonably withhold his or her agreement on Punchlist Items. Landlord shall use reasonable efforts to cause the contractor performing the Expansion Space Work to complete all Punchlist Items within thirty (30) days after agreement thereon.

 8.    Excess Costs. The entire cost of performing the Expansion Space Work (including design
thereof, architectural fees, installation of the Connecting Stairwell and/or Light Well, permit fees, any other consulting services, space planning and preparation and submission of the 

  
 B-2 

 
Permit Application, costs of construction labor and materials, electrical usage during construction, additional janitorial services, general tenant signage, related taxes and insurance costs, and
the construction supervision fee referenced below, but not the costs of any expedited permits applied for or any over-time work utilized by Landlord, all of which costs are herein collectively called (the “Total Construction Costs”)
in excess of the Construction Allowance shall be paid by Tenant. 
 9.    Construction Allowance.
Landlord shall provide to Tenant a construction allowance not to exceed $3,393,990.00 (based on $90.00 per rentable square foot in the Expansion Space) (the “Construction Allowance”) to be applied toward the Total Construction
Costs, as adjusted for any changes to the Expansion Space Work. The Construction Allowance shall not be disbursed to Tenant in cash, but shall be applied by Landlord to the payment of the Total Construction Costs. The Construction Allowance shall be
spent as follows: Tenant shall use at least $60.00 per rentable square foot towards the 4th Floor Work and the 6th Floor Work each. The
remaining $30.00 per rentable square foot for the 4th Floor Work and the 6th Floor Work each may be used by Tenant towards any portion of the
Expansion Space Work, subject to the following conditions: (a) the 6th Floor Work and any additional construction work performed by Tenant in the 6th Floor Space shall be in compliance with Title 24 of the California Code of Regulations
(“Title 24”); (b) the 6th Floor Work and any additional construction work performed by Tenant in the 6th Floor Space shall include an open ceiling, installation of the distribution of all ductwork for the heating, ventilation and
air conditioning system serving the 6th Floor Space and such other improvements to make the 6th Floor Space compliant with the requirements of
Title 24 in effect as of the date hereof; and (c) Tenant shall not be entitled to use any unused portion of the Construction Allowance. For the avoidance of doubt, Landlord’s costs in connection with the Expansion Space Work shall in no
event exceed the Construction Allowance, except to the extent of the costs of any expedited permits and over-time labor, and without limiting other amounts for which Tenants is responsible as provided elsewhere in this Amendment, Tenant shall be
responsible for all costs of the Expansion Space Plans, the MEP Plans, the FLS Drawings, Tenant’s suite signage, the Permit Application and the Expansion Space Work in excess of the Construction Allowance. 

10.    Construction Management. Landlord or its affiliate or agent shall supervise the Expansion
Space Work, make disbursements required to be made to the contractor, and act as a liaison between the contractor and Tenant and coordinate the relationship between the Expansion Space Work, the Building and the Building’s systems. In
consideration for Landlord’s construction supervision services, Tenant shall pay to Landlord a construction supervision fee equal to three percent (3%) of the Total Construction Costs (excluding the construction supervision fee). 

  
 B-3 

 (11)    Construction Representatives.
Landlord’s and Tenant’s representatives for coordination of construction and approval of change orders will be as follows, provided that either party may change its representative upon written notice to the other: 

 

							
		 	Landlord’s Representative:	  	   Harvest Properties, Inc.

  c/o Kristy Michelmore, RPA
   Senior
Property Manager
   555 12th Street, Suite 650

  Oakland, CA 94607

  Telephone: [***]

  Email: [***]

			
		 	Tenant’s Representative:	  	   Marqeta, Inc.

  c/o Penny DeFrank

  180 Grand Avenue, 5th Floor Oakland, CA 94612

  Telephone: [***]

  Email: [***]

  

  
 B-4 

 EXHIBIT C 

RENEWAL OPTION 

A.    If Tenant is not in default under any term or condition of the Lease, as amended by the Amendment, beyond all
applicable cure periods, at the time of delivery of the Renewal Notice (as defined below), and as of the commencement of the Renewal Term (as defined below), and the original Tenant named herein is occupying the entire Leased Premises at the time of
such election, Tenant may renew the Lease for all or a portion of the Leased Premises (but no less than one floor) for one (1) additional period of five (5) years (the “Renewal Term”), by delivering written notice (the
“Renewal Notice”) of the exercise thereof to Landlord not earlier than twelve (12) months nor later than nine (9) months before the expiration of the then current Term. The Base Rent payable for each month during the
Renewal Term shall be the Fair Market Rent (as defined below) as of the commencement date of the Renewal Term. Within thirty (30) days after receipt of Tenant’s Renewal Notice, Landlord shall deliver to Tenant written notice of
Landlord’s Fair Market Rent proposal for the Renewal Term (“Landlord’s Fair Market Rent Proposal”) and shall advise Tenant of the required adjustment to Base Rent, if any, and the other terms and conditions offered. Within
ten (10) business days after receipt of Landlord’s Fair Market Rent Proposal, Tenant shall notify Landlord in writing whether Tenant accepts or rejects Landlord’s Fair Market Rent Proposal. If Tenant rejects Landlord’s Fair
Market Rent Proposal, then Tenant’s written notice shall include Tenant’s determination of the Fair Market Rent. If Tenant does not deliver Tenant’s written determination of Fair Market Rent to Landlord within ten (10) business
days after receipt of Landlord’s Fair Market Rent Proposal, Tenant will be deemed to have rejected Landlord’s Fair Market Rent Proposal. If Tenant and Landlord disagree on the Fair Market Rent as evidenced by Landlord’s Fair Market
Rent Proposal, then Landlord and Tenant shall attempt in good faith to agree upon the Fair Market Rent. If by that date which is six (6) months prior to the commencement of the Renewal Term (the “Trigger Date”), Landlord and
Tenant have not agreed in writing as to the Fair Market Rent, then within ten (10) business days following the Trigger Date (the “Withdrawal Deadline”), Tenant shall have the one time right to withdraw its Renewal Notice, and
the Lease shall expire upon the expiration of the then current Term. If Tenant does not withdraw its Renewal Notice by the Withdrawal Deadline, the parties shall proceed to determine the Fair Market Rent in accordance with the procedure set forth in
Paragraph C below. In all events, Tenant’s exercise of its renewal option right hereunder shall be binding upon Tenant and not subject to rescission except as provided herein. 

B.    For purposes of this Exhibit, the term “Fair Market Rent” means the annual amount per square
foot that a willing, comparable tenant would pay and a willing, comparable landlord of a comparable building in the Downtown Oakland area would accept at “arm’s length”, giving appropriate consideration to the credit of the tenant,
free rent and other tenant inducements then being offered for comparable space, length of lease term, size and location of premises being leased, tenant improvement allowances, if any (but excluding any above standard improvements made by Tenant),
and other generally applicable terms and conditions for tenancy in comparable space. Further, the Base Year for Basic Operating Costs and Property Taxes shall be amended to the calendar year which immediately follows the end of the then current
Term. 
 C.    If Landlord and Tenant are unable to reach agreement on the Fair Market Rent by the Trigger Date, and
Tenant has not withdrawn it Renewal Notice by the Withdrawal Deadline, 

  
 C-1 

 
then within ten (10) days of the Withdrawal Deadline, Landlord and Tenant shall each simultaneously submit to the other in a sealed envelope its good faith estimate of the Fair Market Rent
for the Renewal Term. If either Landlord or Tenant fails to propose a Fair Market Rent, then the Fair Market Rent for the Renewal Term proposed by the other party shall prevail. If the higher of such estimates is not more than one hundred five
percent (105%) of the lower, then the Fair Market Rent shall be the average of the two. Otherwise, the dispute shall be resolved by arbitration in accordance with the remainder of this Paragraph C. Within ten (10) days after the exchange of
estimates, the parties shall select as an arbitrator either (i) a licensed real estate broker with at least ten (10) years of experience leasing premises in office buildings in the City of Oakland or (ii) an independent MAI appraiser
with at least five (5) years of experience in appraising first class office buildings in the City of Oakland (a “Qualified Arbitrator”). If the parties cannot agree on a Qualified Arbitrator, then within a second period of ten
(10) days, each shall select a Qualified Arbitrator and within ten (10) days thereafter the two appointed Qualified Arbitrators shall select a third Qualified Arbitrator and the third Qualified Arbitrator shall be the sole arbitrator. If
the two Qualified Arbitrators are unable to agree upon the third Qualified Arbitrator within the referenced ten (10)-day period, the third Qualified Arbitrator shall be selected by the parties themselves, if
they can agree thereon, within a further period of ten (10) days. If the parties do not so agree, then either party, on behalf of both, may request that the appointment of such third Qualified Arbitrator be made in accordance with the selection
procedures of the commercial arbitration rules of the American Arbitration Association (“AAA”) or its successor for arbitration of commercial disputes. If one party shall fail to select a Qualified Arbitrator within the second ten (10)-day period, then the Qualified Arbitrator chosen by the other party shall be the sole arbitrator (the single Qualified Arbitrator initially selected by both parties, the third Qualified Arbitrator appointed by
the two (2) Qualified Arbitrators selected by the parties, or the one Qualified Arbitrator selected via the AAA, as applicable, shall hereafter be referred to as the “Sole Arbitrator”). Within thirty (30) days after
submission of the matter to the Sole Arbitrator, the Sole Arbitrator shall determine the Fair Market Rent by choosing whichever of the estimates submitted by Landlord and Tenant the Sole Arbitrator judges to be more accurate. The Sole Arbitrator
shall notify Landlord and Tenant of his or her decision, which shall be final and binding. If the Sole Arbitrator believes that expert advice would materially assist him or her, the Sole Arbitrator may retain one or more qualified persons to provide
expert advice. The parties shall reasonably cooperate with any request from the Sole Arbitrator for information regarding the parties’ respective estimates of Fair Market Rent for the Renewal Term. The fees of the Sole Arbitrator and the
expenses of the arbitration proceeding, including (i) the costs of the AAA proceeding, if any, and (ii) the fees of any expert witnesses retained by the Sole Arbitrator, shall be shared equally by Landlord and Tenant. The fees of each
party’s respective Qualified Arbitrator shall be borne by that party. Further, each party shall pay the fees of its respective counsel and the fees of any witness called by that party. 

D.    On or before the commencement date of the Renewal Term, Landlord and Tenant shall execute an amendment to the Lease
prepared by Landlord extending the Term on the same terms provided in the Lease, except as follows: 

(i)    Base Rent shall be adjusted to the Fair Market Rent (which shall be the rental rate set forth in
Landlord’s Fair Market Rent Proposal or the Fair Market Rent determined by mutual agreement or by arbitration, as the case may be, as provided in Paragraph C hereinabove); 

  
 C-2 

 (ii)    Tenant shall have no further renewal option
unless expressly granted by Landlord in writing; 
 (iii)    Landlord shall lease to Tenant the Leased
Premises in their then-current condition, and Landlord shall not provide to Tenant any allowances (e.g., a construction allowance) or other tenant inducements, unless the foregoing have been determined to be a part of the formula for the adjustment
of Base Rent and Fair Market Rent, as provided in Paragraph C hereinabove, or to the extent otherwise negotiated by the parties; and 

(iv)    Tenant shall pay for the parking spaces which it is entitled to use at the rates from time to time
charged to patrons of the Parking Garage associated with the Project during the extended Term (plus all applicable taxes). 

E.    In the event that Fair Market Rent is not established prior to the commencement of the Renewal Term, then Tenant
shall continue to pay the Base Rent at the rate in effect immediately prior to the expiration of the then current Term of the Lease in addition to all other Rent, and within thirty (30) days of the determination of Fair Market Rent, Tenant
shall reimburse Landlord for any difference. 
 F.    Tenant’s rights under this Exhibit shall terminate if: (i)the
Lease or Tenant’s right to possession of the Leased Premises is terminated; (ii) Tenant assigns any of its interest in the Lease or sublets more than one (1) full floor of the Leased Premises; or (iii) Tenant fails to timely
exercise its option under this Exhibit, time being of the essence with respect to Tenant’s exercise thereof. 

  
 C-3 

 EXHIBIT D 

RIGHT OF FIRST OFFER 

A.    Subject to then-existing renewal or expansion options of other tenants (or, even if not a right under such
tenant’s lease, the renewal of a lease of any tenant by Landlord for the Offer Space, as defined herein) (“Prior Rights”), and provided no event of default by Tenant then exists, Landlord shall, prior to offering the
same to any party (other than tenants with Prior Rights), first offer to lease to Tenant any available space on floors 2 - 8 of the Building, including each suite in the Swing Space (each, an “Offer Space”), in its then “AS-IS” condition except as otherwise provided herein; such offer shall be in writing and shall specify the lease terms for the Offer Space, including, without limitation, the rent to be paid for the
Offer Space, the date on which the Offer Space shall be included in the Leased Premises and the tenant improvements and/or improvement allowance Landlord is prepared to offer for such Offer Space, if any (the “Offer Notice”). 

B.    Notwithstanding the foregoing, with regard to each suite in the Swing Space, as defined in
Section 3 of the First Amendment to Office Building Lease to which this Exhibit is attached (the “Amendment”), for the twelve (12) month period following the 4FSCD (as defined in
Section 2(c) of the Amendment) (the “Swing Space Grace Period”), the Offer Notice shall contain the same economic terms as that of the 6th Floor Space
pursuant to the Amendment (“6th Floor Terms”). Notwithstanding the foregoing, if Tenant does not elect to lease Suite 725 pursuant to
Section 3 of the Amendment, the Swing Space Grace Period with respect to Suite 725 shall commence on December 1, 2017 and expire on the last day of the twelve (12)-month period following the 4FSCD (i.e., Landlord shall
have the right to deliver an Offer Notice for Suite 725 to Tenant as early as December 1, 2017). 
 C.    Each
Offer Notice shall be substantially similar to the Offer Notice attached to this Exhibit as Schedule 1. 

D.    Except as provided in Paragraph F below, if Tenant elects to exercise any of its rights under this Exhibit to lease
an Offer Space, Tenant must so notify Landlord within ten (10) business days after Landlord delivers the Offer Notice to Tenant, and Tenant must lease the entire Offer Space, on the terms set forth in the Offer Notice. 

E.    Notwithstanding the foregoing, if, at any time during the Swing Space Grace Period, Landlord desires to improve any
suite in the Swing Space on a speculative basis (a “Spec Space”), provided no event of default by Tenant then exists, Landlord must send Tenant an Offer Notice for such Spec Space, in compliance with the terms of Paragraph B above.
In such event, notwithstanding the fact that Landlord is not offering such Spec Space to a third party to lease, if Tenant wishes to add such Spec Space to the Leased Premises under the terms of this Exhibit, Tenant must so notify Landlord in
writing of its election to lease such Spec Space on the terms set forth in the Offer Notice within ten (10) business days after Landlord delivers the Offer Notice to Tenant. 

F.    Notwithstanding the foregoing, if prior to Landlord’s delivery to Tenant of an Offer Notice, Landlord has
received an offer to lease all or part of the subject Offer Space from a third party (a “Third Party Offer”) and such Third Party Offer includes space in excess of the Offer Space, Tenant must exercise its rights hereunder, if at
all, as to all of the space contained in the Third Party Offer. 

  
 D-1 

 G.    If Tenant timely elects to lease an Offer Space, then Landlord and
Tenant shall execute an amendment to the Lease, effective as of the date such Offer Space is to be included in the Leased Premises, on the terms set forth in the Offer Notice and, to the extent not inconsistent with the Offer Notice terms, the terms
of the Lease, as amended by the Amendment, including the expiration date thereof; however, Tenant shall accept the Offer Space in its then “AS-IS” condition, subject to the terms of the
Offer Notice pertaining to tenant improvements, and Landlord shall not provide to Tenant any allowances (e.g., moving allowance, construction allowance, and the like) or other tenant inducements except as may be specifically provided in the Offer
Notice. 
 H.    If Tenant fails or is unable to timely exercise its right hereunder with respect to an Offer Space,
then such right shall lapse with regard to such Offer Space, time being of the essence with respect to the exercise thereof, and if the subject Offer Space is a suite in the Swing Space, then Tenant shall vacate and surrender such suite in
accordance with the terms of the Lease, as amended hereby. Thereafter, Landlord may lease all or a portion of such Offer Space to third parties on terms and conditions acceptable to Landlord within ninety percent (90%) of the Net Effective Rent of
the applicable Offer Notice within six (6) months following the Offer Notice. As used herein, “Net Effective Rent” will be based on all economic factors commonly taken into account when commercially reasonable landlords
in the Uptown Lake Merritt/Oakland area are attempting to lease spaces comparable to the Offer Space, including, without limitation, base rent rate, additional rent, length of lease term, tenant improvements, rent abatement, brokerage commissions
and other financial incentives offered to prospective tenants. If a lease for such Offer Space is not signed with such third party on such terms within such six (6) month period, the subject Offer Space shall be available and subject to
Tenant’s right of first offer set forth in this Exhibit; provided, however, with respect to any suite in the Swing Space (excluding all Spec Spaces, if any), the terms of the Offer Notice shall be as described in Paragraph A above, except that
if the Swing Space Grace Period is still then in effect, the terms of Paragraph B above shall also apply. 

I.    Tenant may not exercise its rights under this Exhibit if (i) an event of default exists as of the date Tenant
exercises its option to lease the subject Offer Space, (ii) Tenant assigns any of its interest in the Lease or sublets more than one (1) floor of the Leased Premises, or (iii) the Lease or Tenant’s right to possession of the
Leased Premises is terminated. 
 J.    Payment of any commission with respect to any space leased by Tenant under this
Exhibit shall be made by Landlord, and Tenant shall indemnify, defend, and hold Landlord harmless from and against all costs, expenses, attorneys’ fees, and other liability for commissions or other compensation claimed by any broker or agent
claiming the same by, through, or under Tenant, other than Tenant’s Broker. 

  
 D-2 

 SCHEDULE 1 TO RIGHT OF FIRST OFFER 

[Insert Date of Notice] 
 BY TELECOPY AND FEDERAL EXPRESS 

 

	
	  

	  

	  

	  

  

	 	Re:	 Office Building Lease dated as of March 1, 2016 (the “Original Lease”), as amended by First
Amendment to Office Building Lease (the “Amendment”) dated November 8, 2017, between 180 Grand Owner LLC, a Delaware limited liability company (“Landlord”), and Marqeta, Inc., a Delaware corporation (“Tenant”).
Capitalized terms used herein but not defined shall be given the meanings assigned to them in the Lease. 

 Ladies and Gentlemen: 

Pursuant to the Right of First Offer attached as Exhibit D to the Amendment, enclosed please find an Offer Notice on Suite_____. The basic
terms and conditions are as follows: 
  

			
	LOCATION:	  	  

	SIZE:	  	                 [rentable] square feet
	BASE RENT RATE:	  	                 $                 per month
	BASE YEAR:	  	                
	TERM:	  	  

	IMPROVEMENTS:	  	  

	COMMENCEMENT:	  	  

	PARKING TERMS:	  	  

	OTHER MATERIAL TERMS:	  	  

 Under the terms of the Right of First Offer, you must exercise your rights, if at all, as to the Offer Space
on the depiction attached to this Offer Notice within ten (10) business days after Landlord delivers such Offer Notice. Accordingly, you have until 5:00 p.m. local time on ____________, 20    , to exercise your rights
under the Right of First Offer and accept the terms as contained herein, failing which your rights under the Right of First Offer shall terminate and Landlord shall be free to lease the Offer Space to any third party. If possible, any earlier
response would be appreciated. Please note that your acceptance of this Offer Notice shall be irrevocable and may not be rescinded. 
 Upon
receipt of your acceptance herein, Landlord and Tenant shall execute a further amendment to the Original Lease memorializing the terms of this Offer Notice including the inclusion of the Offer Space in the Leased Premises; provided, however, that
the failure by Landlord and Tenant to execute such amendment shall not affect the inclusion of such Offer Space in the Leased Premises in accordance with this Offer Notice 

  
 D-3 

 THE FAILURE TO ACCEPT THIS OFFER NOTICE BY (1) DESIGNATING THE “ACCEPTED”
BOX, AND (2) EXECUTING AND RETURNING THIS OFFER NOTICE TO LANDLORD WITHOUT MODIFICATION WITHIN SUCH TIME PERIOD SHALL BE DEEMED A WAIVER OF TENANT’S RIGHTS UNDER THE RIGHT OF FIRST OFFER, AND TENANT SHALL HAVE NO FURTHER RIGHTS TO THE
OFFER SPACE, EXCEPT AS PROVIDED IN PARAGRAPH E OF THE RIGHT OF FIRST OFFER. THE FAILURE TO EXECUTE THIS LETTER WITHIN SUCH TIME PERIOD SHALL BE DEEMED A WAIVER OF THIS OFFER NOTICE. 

Should you have any questions, do not hesitate to call. 

Sincerely, 

	
	  

	  

	  

 [please check appropriate box]  

ACCEPTED    ☐ 

REJECTED     ☐ 

[TENANT’S SIGNATURE BLOCK] 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

 Enclosure [attach depiction of Offer Space] 

  
 D-4 

 SECOND AMENDMENT TO OFFICE BUILDING LEASE 

(Exercise of Signage Right) 

THIS SECOND AMENDMENT TO OFFICE BUILDING LEASE (this “Amendment”) is entered into as of the 14th day of March, 2019, by and between 180 GRAND OWNER LLC, a Delaware limited liability company (“Landlord”), and MARQETA, INC., a Delaware corporation
(“Tenant”). 
 RECITALS 

A.    MACH II 180 LLC, a Delaware limited liability company and Landlord’s predecessor-in-interest under the Lease, as defined herein (“Original Landlord”), and Tenant entered into that certain Office Building Lease dated as of March 1, 2016 (the
“Original Lease”), as amended by that certain First Amendment to Office Building Lease dated as of November 8, 2017 (the “First Amendment”; the Original Lease, as amended by the First Amendment, is
referred to herein as the “Lease”), pursuant to which Tenant leases from Landlord those certain premises consisting of approximately 56,485 rentable square feet (48,950 usable square feet) in the aggregate (the
“Premises”) comprised of (i) approximately 18,744 rentable square feet (16,299 usable square feet) consisting of the entire fourth (4th) floor, (ii) approximately 18,774
rentable square feet consisting of the entire fifth (5”‘) floor, and (iii) approximately 18,967 rentable square feet (16,326 usable square feet) consisting of the entire sixth (6th)
floor of that certain office building with an address of 180 Grand Avenue, Oakland, California (the “Building”). The Building, the land on which the Building is located, the parking garage located adjacent to the Building owned by
Landlord but located on a separate tax parcel, and the sidewalks and similar improvements and easements associated with the foregoing or the operation thereof, are referred to collectively herein as the “Project.” 

B.    The parties acknowledge that the Master Signage Program, as approved by the City of Oakland on May 1, 2018,
currently allows Building Top Signage to be installed on each of the north, south, east and west sides of the Building. 

C.    Tenant has obtained Tenant’s Building Top Signage Permit for, and is currently licensing and has installed the
Building Top Signage located on, the north and south sides of the Building (the “Existing Building Top Signage”), subject to the payment of a monthly fee of $5,000.00 for each such Building Top Signage. 

D.    Tenant did not exercise its option to license the Building Top Signage located on the east and west sides of the
Building (the “Additional Building Top Signage”) in accordance with the terms of Section 13(b)(ii) of the First Amendment. Notwithstanding the foregoing, Landlord is willing to extend the time period for
Tenant’s exercise of such option. 
 E.    Landlord and Tenant now desire to amend the Lease in order to provide
for, among other things, such agreement upon the terms and conditions set forth below. 
 AGREEMENT 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which hereby is acknowledged, Landlord and Tenant agree as
follows: 

 1.    Defined Terms. Capitalized terms not
other-wise defined herein shall have the respective meanings given to them in the Lease. Unless the context clearly indicates otherwise, all references to the “Lease” in the Lease and in this Amendment shall hereinafter be deemed to refer
to the Lease, as amended hereby. 
 2.    Additional Building Top Signage. 

(a)    Exercise of Option. Subject to the terms and conditions of the Lease, as amended hereby, and
notwithstanding anything to the contrary contained in the Lease, effective retroactively as of March 10, 2019, Tenant shall be deemed to have exercised its option to license the Additional Building Top Signage. Except as expressly provided in
the Lease, Tenant has no option to license any other signage at the Project. 
 (b)    Payment of Signage
Fee. Notwithstanding anything to the contrary contained in the Lease, including the second sentence of Section 13(b)(i)(4) of the First Amendment, commencing April 1, 2019, in addition to all Rent and
other sums due under the Lease, including the monthly fee for the Existing Building Top Signage in the aggregate amount of $10,000.00, Tenant shall pay Landlord the monthly fee for each Additional Building Top Signage in the amount of $5,000.00 for
a total of $10,000.00. Tenant has no obligation to install the Additional Building Top Signage but reserves the right to do so during the Term of the Lease, and if and when Tenant elects to install such Additional Building Top Signage, Tenant shall
be responsible for obtaining Tenant’s Building Top Signage Permit for such Additional Building Top Signage. 

3.    Notices. Effective immediately, Landlord’s address for notice purposes under the Lease
shall be as follows: 
 180 Grand Owner LLC 

c/o Harvest Properties, Inc. 

180 Grand Avenue, Suite 1400 

Oakland, CA 94612 
 Attention:
Asset Manager 
 4.    Brokers. Tenant warrants that it has had no dealing with any broker or agent
in connection with the negotiation or execution of this Amendment, except for Harvest Properties, Inc., representing Landlord. Tenant agrees to indemnify, defend and hold Landlord harmless from and against any claims by any broker, agent or other
person claiming a commission or other form of compensation by virtue of having dealt with Tenant with regard to this Amendment. 

5.    Full Force and Effect. Except as modified by the terms of this Amendment, the terms, covenants,
conditions and agreements of the Lease are hereby in all respects ratified, confirmed and approved, and remain in full force and effect. Tenant hereby affirms that the Lease, and all of its terms, conditions, covenants, agreements and provisions,
except as hereby modified, are in full force and effect. 
 6.    No Changes. This Amendment
contains the entire understanding among the parties with respect to the matters contained herein. No representations, warranties, covenants or agreements have been made concerning or affecting the subject matter of this Amendment. This Amendment may
not be changed orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change or modification or discharge is sought. 

 7.    Severability. If any term or provision of
this Amendment is, to any extent, held to be invalid or unenforceable, the remainder of this Amendment will not be affected, and each term or provision of this Amendment will be valid and be enforced to the fullest extent permitted by law. If the
application of any term or provision of this Amendment to any person or circumstances is held to be invalid or unenforceable, the application of that term or provision to persons or circumstances other than those as to which it is held invalid or
unenforceable, will not be affected, and each term or provision of this Amendment will be valid and be enforced to the fullest extent permitted by law. 

8.    Time of Essence. The parties hereto agree that time is of the essence with respect to all of
its covenants, obligations and agreements herein. 
 9.    Counterparts. This Amendment may be
executed in any number of identical counterparts each of which shall be deemed to be an original and all, when taken together, shall constitute one and the same instrument. 

10.    No Offer. Submission of this instrument for examination and signature by Tenant does not
constitute an offer to lease or a reservation of or option for lease, and this instrument is not effective as a lease amendment or otherwise until executed and delivered by both Landlord and Tenant. 

11.    Governing Law. This Amendment shall in all respects be interpreted, enforced and governed by
and under the laws of the State of California. 
 IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the date first
written above. 
  

									
	LANDLORD:	 		 	TENANT:
			
	 180 GRAND OWNER LLC,

a Delaware limited liability company
	 		 	MARQETA, INC., 
a Delaware corporation
					
	By:	 	 /s/ Paul Wasserman
	 		 	By:	 	 /s/ Jason Gardner

									
	Name:	 	 Paul Wasserman
	 		 	Name:	 	 Jason Gardner

									
	Its:	 	 Manager, Authorized Signatory
	 		 	Its:	 	 CEO

									
					
	Execution Date:	 	March 15, 2019	 		 	Execution Date:	 	March 14, 2019EX-10.15

 Exhibit 10.15 

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. 
 CONFIDENTIAL AND PROPRIETARY 

EXECUTION COPY 
 AMENDED
AND RESTATED 
 PREPAID CARD PROGRAM MANAGER AGREEMENT 

This Amended and Restated Prepaid Card Program Manager Agreement, including all schedules, exhibits, attachments, appendices and addenda
attached hereto (collectively, the “Amended Program Manager Agreement”) is entered into as of April 1, 2016 (the “Effective Date”), by and between Marqeta, Inc., a Delaware corporation, whose address is 6201B Doyle St,
Emeryville CA 94608 (“Manager”), and Sutton Bank, an Ohio chartered bank corporation, its subsidiaries and affiliates, whose main address is 1 South Main St. Attica, OH (“Sutton Bank”). It amends and restates the Program Manager
Agreement entered into between parties as of October 1, 2011. 
 WHEREAS, Sutton Bank operates a prepaid card service and is an
approved issuer of prepaid cards on the Discover, MasterCard, and Visa Networks; 
 WHEREAS, Sutton Bank provides services set forth in
Exhibit B (the “Sutton Bank Prepaid Card Services”) and the other Program Documents in connection with Card Transactions processed on one or more Networks; 

WHEREAS, Manager desires to manage one or more Cards pursuant to one or more Programs, subject to the terms and conditions of the Program
Documents; 
 WHEREAS, Sutton Bank desires to designate Manager as the program manager for such Cards and Programs; 

NOW THEREFORE, in consideration of the foregoing promises and the mutual agreements, provisions, covenants and conditions contained in this
Amended Program Manager Agreement, Sutton Bank and Manager agree as follows: 
 ARTICLE I - RULES OF INTERPRETATION; DEFINITIONS 

 

	1.1	 Certain Interpretive Matters 

As used herein, (i) the terms “include” and “including” are meant to be inclusive and shall be deemed to mean
“include without limitation” or “including without limitation”; (ii) the word “or” is disjunctive, but not necessarily exclusive; (iii) references to “dollars” or “$” shall be to United States
dollars; (iv) the term “his” applies to both genders; (v) any Article, Section, Subsection, Paragraph or Subparagraph headings contained in this Amended Program Manager Agreement and the Preamble at the beginning of this Amended
Program Manager Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Amended Program Manager Agreement (other than with respect to any defined terms contained in the Preamble); (vi) any
reference made in this Amended Program Manager Agreement to a statute or statutory provision shall mean such statute or statutory provision as it has been amended 
  

 CONFIDENTIAL AND PROPRIETARY 

 

 through the date as of which the particular portion of the Amended Program Manager Agreement is to take
effect, or to any successor statute or statutory provision relating to the same subject as the statutory provision so referred to in this Amended Program Manager Agreement, and to any then applicable rules or regulations promulgated thereunder,
unless otherwise provided; (vii) the words “herein,” “hereof,” “hereunder” and words of like import shall refer to this Amended Program Manager Agreement as a whole (including its Schedules and Exhibits), unless
the context clearly indicates to the contrary (for example, that a particular Section, Schedule or Exhibit is the, intended reference); (viii) words used herein in the singular, where the context so permits, shall be deemed to include the plural and
vice versa; (ix) a reference in this Amended Program Manager Agreement contemplating certain action by Sutton Bank “after consultation with” or “in consultation with” or “in cooperation with” Manager does not mean
that the consent or approval of Manager is required or contemplated in connection with such action; and (x) unless the context otherwise requires or unless otherwise provided herein, the terms defined in this Amended Program Manager Agreement
that refer to a particular agreement, instrument or document also refer to and include all renewals, extensions, modifications, amendments and restatements of such agreement, instrument, or document. 

 

	1.2	 Definitions 

Terms not defined in this Amended Program Manager Agreement shall have the meanings given to them in the applicable Network Rules. Except as
otherwise specifically indicated, the following terms shall have the following meanings in this Amended Program Manager Agreement (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“Activate”, “Activated” or “Activation” means, with respect to a Card,
the process separate from funding of the Card by which the Cardholder causes the Card to be usable for Transactions as provided by and subject to the applicable Cardholder Agreement. The Parties acknowledge that two types of Activation may occur
with respect to Cards: some Cards may be Activated by Distributors when they are first sold so that the Card may be used for Transactions immediately upon its purchase or distribution, and other Cards may be distributed to Cardholders in an un-activated state and need to be Activated by the Cardholder, usually via telephone or online, each as provided in the Program Due Diligence Application. 

“Additional Products” includes any other products and service of Sutton Bank that may be offered to a Cardholder in
connection with the Program(s), as mutually agreed upon by the Parties. 
 “Affiliate” means, with respect to any
Person, any other Person that directly or indirectly controls, is controlled by or is under common control with such Person. For the purposes of this definition, “control” means the power to direct the management and policies of a Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “common control” and “controlled” have meanings correlative to the foregoing. 

“Amended Program Manager Agreement” has the meaning set forth in the Preamble. 

“AML” means anti-money laundering. 

  
 - 2 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Applicable Law” means the (i) Network Rules, (ii) the
laws, court opinions, attorney general opinions, rules and regulations of the United States or of any State or the various agencies, departments or administrative or governmental bodies thereof, and any regulatory guidance, determinations of (or
agreements with) an arbitrator or Regulatory Authority and directions or instructions from (or agreements with) any arbitrator or Regulatory Authority, as the same may be amended and in effect from time to time during the Term, including, without
limitation, (1) the EFTA; (2) the GLBA; (3) the Bank Secrecy Act; (4) federal and state money services business laws; (5) the prohibition against unfair and deceptive trade practices in the Federal Trade Commission Act;
(6) state data security laws; and (7) the Telephone Consumer Protection Act; (8) any and all sanctions or regulations enforced by OFAC; (9) statutes or regulations of any State relating to banks, banking, prepaid cards, money
transmission or unclaimed property, to the extent applicable to the issuance, sale, authorization or usage of the products and services offered under the Programs or as otherwise applicable to any of the Parties, as all the same may be amended and
in effect from time to time during the Term, and (iii) the published policies and procedures of Sutton Bank, as promulgated from time to time by Sutton Bank’s Board of Directors in good faith to ensure the continued safety and soundness of
Sutton Bank. 
 “Applicant” means any Person who submits a completed application for a Card. 

“Approved Programs” has the meaning given in Section 2.1. 

“Audit Corrective Action Plan” has the meaning given in Section 3.1(O)(v). 

“Audit Findings” has the meaning given in Section 3.1(O)(v). 

“Auditing Party” has the meaning given in Section 3.1(O)(ii). 

“Authorized Users” has the meaning given in Section 3.2(D). 

“Bank BSA/AML/OFAC Requirements” has the meaning given in Section 5.4(C). 

“Bank Indemnified Parties” has the meaning given in Section 11.1. 

“Bank Secrecy Act” or “BSA” means the federal Bank Secrecy Act (12 U.S.C. §§ 1951 el
seq.), as amended by the USA Patriot Act or otherwise from time to time, and all regulations thereunder and any successor regulations. 

“BIN” means collectively the Bank Identification Number assigned to Bank by Visa, the Interbank Card Association
number assigned to Bank by MasterCard, or similar identifier assigned to Bank by other Networks for the purposes of identifying and routing electronic payment transactions. 

“BSA/AML/OFAC Procedures” has the meaning set forth in Section 5.4(A). 

“Business Day” means any day other than a Saturday, Sunday or legal holiday, on which Sutton Bank is open to the
public for carrying on substantially all of its banking functions. 

  
 - 3 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Breakage” means, with respect to Cardholder-Funded Cards, any
Cardholder Funds remaining on the Card upon the earlier to occur of (a) the Card’s expiration date (provided the Cardholder Funds expire on such date per the Cardholder Agreement), or (b) the date the Cardholder Funds are presumed to
be abandoned under applicable state unclaimed property laws, to the extent such amounts are not otherwise required to be escheated under state unclaimed property laws pursuant to Section 5.7. With respect to Corporate-Funded Cards,
“Breakage” means any Corporate Funds remaining on the Card upon the Card expiration date or the disclosed redemption period for such Corporate Funds, provided the Cardholder Agreement discloses that such funds will revert to the owner of
such Corporate Funds following such data, to the extent such amounts are not otherwise required to be escheated under state unclaimed property laws pursuant to Section 5.7. 

“Card” means a reloadable or non-reloadable prepaid card or other prepaid
access device or number issued by Sutton Bank as a product of Sutton Bank in connection with any Program implemented pursuant to this Amended Program Manager Agreement and under authority from a Network. 

“Card Program” means a system of services and features, as mutually agreed by Manager and Sutton Bank, relating to a
particular type of Card provided by Manager and Sutton Bank pursuant to this Amended Program Manager Agreement. This Amended Program Manager Agreement contemplates that multiple Card Programs may be offered hereunder. 

“Cardholder” means an individual who (i) applies for a Card and is issued a Card or otherwise provided a Card by
Sutton Bank, (ii) uses a Card to effect a Transaction, or (iii) purchases or uses any Additional Products offered under the Programs. 

“Cardholder Account” means (i) the prepaid account which is associated with a Card, and includes the record of
debits and credits with respect to Transactions originated by a Cardholder as detailed on the Processor’s Network, and (ii) such other accounts for Additional Products. 

“Cardholder Agreement” means the agreement between Sutton Bank and a Cardholder governing the terms and use of a Card.

 “Cardholder Complaint” has the meaning given in Section 5.11(B). 

“Cardholder Data” means information that is provided to or obtained by either Party in the performance of its
obligations under this Addendum or otherwise regarding Applicants and current or former Cardholders, including without limitation (i) name, postal address, e-mail address, telephone number, date of birth,
taxpayer identification numbers, Cardholder Account numbers, security codes, service codes (i.e., the three or four digit number on the magnetic stripe that specifies acceptance requirements and limitations for a magnetic stripe read transaction),
valid to and from dates, as well as information and data related to payment instruments and Transactions, or Transactions data using payment instruments and methodologies (e.g., charge, credit, debit, prepaid) and regardless of whether or not a
physical card is used in connection with such transactions, demographic data, data generated or created in connection with Cardholder Account processing and maintenance activities, Cardholder Account statementing and Cardholder service, telephone
logs and records and other documents and information necessary for the processing and maintenance of Cardholder Accounts, (ii), business name, business address, business tax identification number, and certain information on owner or officer, if the
Cardholder is a business, (iii) all “Nonpublic Personal Information” and “Personally Identifiable Financial Information” (as defined in 12 C.F.R. §§ 573.3(n) and (o), respectively), and, (iv) with respect to
the disposal of such information, any record containing “Consumer Information,” as that term is defined in the regulations implementing 15 U.S.C. § 1681. 

  
 - 4 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Cardholder Funds” means the funds provided by or on behalf of the
Cardholder in connection with a requested Load to the Cardholder’s Card and that are legally owed to or owned by the cardholder. 

“Cardholder-Funded Card” means a card funded solely with Cardholder Funds. 

“Claim” means any and all threats, actions, demands, investigations, proceedings, claims, counterclaims, defenses, or
allegations (whether formal or informal, individual or in a representative capacity) made by or on behalf of any Person, including the other Party, any consumer, Cardholder, Regulatory Authority, Network and any attorney general, district attorney
or other law enforcement authority, that would not have arisen but for the Program. The term includes disputes based upon contract, tort, consumer rights, fraud and other intentional torts, constitution, statute, regulation, ordinance, common law
and equity (including any claim for injunctive or declaratory relief) and includes disputes based on alleged violations of any Applicable Law. 

“Client” means a business customer of Manager’s that retains Manager to issue Cards for use by Client’s
employees, customers, enrollees, subscribers and/or members (collectively, the “Client Customers”), and that sells or distributes such Cards to the Client Customers as Manager’s agent. 

“Complaint Summary” has the meaning given in Section 5.11(D) 

“Complaints” has the meaning set forth in Section 5.11(D). 

“Compliance Counsel” has the meaning set forth in Section 5.2. 

“Confidential Information” has the meaning set forth in Section 8.2. 

“Corporate Funded Card” means a card funded solely with Corporate Funds that are not legally owed to or owned by the
Cardholder. 
 “Corporate Funds” means all funds received by Sutton Bank on or on behalf of and owned by a business
in connection with and/or for crediting to a Corporate Funded Card. 
 “Corrective Action Plan Deadline” has the
meaning set forth in Section 3.1(O)(v). 
 “Critical Services” shall mean services that (i) require a
third party to access, store, transmit or process Cardholder Data in connection with the Program, (ii) involve significant bank functions or other activities that could cause Sutton Bank to face significant risk if the third party fails to meet
expectations, (iii) could have significant customer impacts, or (iv) could have a major impact on Sutton Bank operations if Sutton Bank has to find an alternate third party or if the outsourced activity has to be brought in-house. 

  
 - 5 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Criticism” has the meaning set forth in Section 5.11(A). 

“Customer Identifying Information” means, collectively, the name, address(es), email address(es), telephone number(s),
cell phone number(s), date of birth, and Social Security Number or Tax Identification Number of each Applicant or Cardholder. 

“Discover” means DFS Services LLC and its successors and assigns. 

“Distribution and Service Agreement” means the written agreement between Manager and a Distributor (and, if
applicable, Sutton Bank) pursuant to the provisions of this Amended Program Manager Agreement. 
 “Distributor”
means any marketer, seller of goods and/or services, or other business that has executed a Distribution and Service Agreement to distribute Cards under a Program. For avoidance of doubt, a “Distributor” does not include a Marketer who
solely markets but does not distribute or service Cards under a Program. 
 “Effective Date” has the meaning set
forth in the Preamble. 
 “EFTA” means the Electronic Fund Transfer Act (15 U.S.C. §§ 1693, et seq.) and
Regulation E thereunder (12 C.F.R. Part 1005), each as may be amended from time to time. 
 “Executive Complaints”
means (i) any complaint received by a Party from any Network or the Better Business Bureau relating to the Programs and (ii) any material written complaints received by or elevated to senior management of any Party relating to the Programs
other than a Regulatory Communication. 
 “FDIC” means the Federal Deposit Insurance Corporation. 

“FFIEC” means the Federal Financial Institutions Examination Council. 

“FFIEC Handbook” has the meaning set forth in Section 6.6(A). 

“Financial Information” has the meaning set forth in Section 4.1(D). 

“FinCEN” means the Financial Crimes Enforcement Network. 

“Funding Account” has the meaning set forth in Section 3.1(K). 

“GLBA” means, collectively, the Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801, et. seq., the Privacy
Regulations, and the standards for safeguarding customer information set forth in 12 C.F.R. Part 1016 and 16 C.F.R. Part 314 or such corresponding regulations as are applicable to the Programs and the Parties. 

“IDTP” has the meaning given in Section 5.8. 

“Independent Sales Organization” means a third party service provider sponsored by Sutton Bank pursuant to the Network
Rules. 

  
 - 6 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Information Security Requirements” has the meaning set forth in
Section 8.1(F). 
 “Initial Term” has the meaning set forth in Section 10.1(A). 

“Intellectual Property” has the meaning set forth in Section 3.1(H). 

“Interchange” means the revenue paid to Sutton Bank by acquiring financial institutions for Transactions, as
established by a Network. 
 “Legal Documents” has the meaning given in Section 5.11(C). 

“Load”, “Loaded” or “Loading” means the process of adding Cardholder
Funds or Corporate Funds to a Card at the time such Card is Activated or subsequent thereto, including but not limited to, by way of (i) third party load programs, such as Green Dot MoneyPak, (ii) point-of-sale “swipe” transactions, or (iii) corporate or Card transfers via a web portal or otherwise. 

“Load Failure” means circumstances in which any Load amount intended to be made on a Card is not received by Sutton
Bank. 
 “Losses” means any and all actual losses, assessments, damages, indemnities, liabilities,
obligations, deficiencies, adjustments, judgments, settlements, dispositions, awards, offsets, penalties, fines and interest, and reasonable attorneys’, accountants’ and experts’ fees and expenses, including any such fees and expenses
incurred in any investigations, proceedings, counterclaims, defenses or appeals that could reasonably result in incurring or avoiding any Losses. 

“Manager” has the meaning set forth in the Preamble. 

“Manager Contractors” has the meaning set forth in Section 11.1(D). 

“Manager Indemnified Parties” has the meaning set forth in Section 11.3. 

“Manager’s System” has the meaning set forth in Section 3.2(D). 

“Mark” means the service marks, trademarks and copyrights of Manager, the Networks, or Sutton Bank, including the
names and other distinctive marks or logos, which identify Manager, the Networks, or Sutton Bank, respectively. 

“Marketer” means any marketer, seller of goods and/or services, or other business that has executed a Marketing
Agreement with Manager solely to assist in the development of Marketing Materials and Marketing Campaigns in connection with a Program or to enable its branding to be marketed in connection with a Program and to not distribute or service Cards under
a Program. For avoidance of doubt, a “Marketer” does not include a Person who, at the direction of a Marketer, merely posts advertising or provides Marketing Materials developed by Marketer to potential Cardholders, provided such Person is
affiliated with the Marketer through common ownership or control, a franchising relationship with the Marketer, or such other arrangement described in the approved Program Due Diligence Application for a Program. 

  
 - 7 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Marketing Agreement” means the written agreement between Manager and
a Marketer pursuant to the provisions of this Amended Program Manager Agreement. 
 “Marketing Campaigns” means all
marketing methods intended to generate requests for the Cards by targeting a population using specific advertising mediums, such as Internet marketing, blogging, tweeting, e-mailing, texting, direct mail
marketing, telemarketing, radio or television commercial airtime, print advertising, billboard advertising, or other recognized methods of selling goods or services or acquiring sales leads. 

“Marketing Materials” shall mean all media of any kind or nature, including without limitation, email solicitation
messages, published advertising (such as newspaper and magazine advertisements), Internet media, Card art, Card carriers, Card displays, Facebook/MySpace posts, blogs, tweets, texts, banner ads, RSS feeds, telemarketing scripts, television or radio
advertisements, brochures, postcards, posters, direct mailings, signage, frequently asked questions, interview or public speaking scripts and talking points, sales materials, and press releases intended for public dissemination or to promote,
advertise and/or market a Program. 
 “MasterCard” means MasterCard International Incorporated and its successors
and assigns. 
 “Merchant” has the meaning set forth in Section 3.1(L). 

“Merchant Rewards Account” has the meaning set forth in Section 3.1(L). 

“[***]” means [***]. 

“MSB” means the Money Services Business. 

“NACHA” means the National Automated Clearing House Association and its successors and assigns. 

“Network” means any Discover, NACHA, Visa, MasterCard, or any other card association or payment network selected by
Bank and agreed to by Manager for the Settlement of Transactions contemplated by this Amended Program Manager Agreement. 

“Network Rules” means the bylaws, operating rules and regulations of any applicable Network, including the PCI-DSS. 
 “OFAC’ means the United States Department of Treasury’s Office of
Foreign Assets Control. 
 “Party” or “Parties” means, as applicable, Manager and/or Sutton
Bank. 
 “PCI-DSS’ means the Payment Card Industry Data Security Standards
established and implemented by the various payment card associations. 

  
 - 8 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Person” means any legal person, including any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, governmental entity or other entity of any nature. 

“Prepaid Access Rule” has the meaning given in Section 5.4(B). 

“Privacy Notices” means all privacy policy disclosure statements required by Applicable Law, including without limit
GLBA, in connection with the use of any Cardholder Data by Sutton Bank or Manager, any of Sutton Bank’s or Manager’s Affiliates or any third party engaged by Manager or Sutton Bank. 

“Privacy Regulations” means those regulations or related interagency guidelines promulgated by federal Regulatory
Authorities implementing Title V of GLBA. 
 “Processing Services” means those Services performed by
Manager which are necessary to issue Cards and process Transactions in accordance with Applicable Law. 

“Processor” means Manager solely in connection with providing Processing Services for Cards that are issued under this
Amended Program Manager Agreement. Manager agrees that Manager shall provide the Processing Services for the Programs pursuant to the terms of this Amended Program Manager Agreement executed between Sutton Bank and Manager. 

“Program” means a system of services approved by Sutton Bank under which a Cardholder may utilize a Card to conduct
Transactions pursuant to the Cardholder Agreement. The Parties acknowledge that multiple Programs may exist under this Amended Program Manager Agreement based on meaningful differences, including but not limited to, Card terms and functionality,
distribution locations, and Cardholder characteristics. All Programs shall be subject to the terms hereof and the prior written approval of Sutton Bank. 

“Program Accounts” means the various deposit accounts established by Sutton Bank for purposes of facilitating the flow
of funds, receiving Program reserve amounts, Cardholder Funds and Corporate Funds and the payment of Settlement Transactions to the Network. 

“Program Documents” means all agreements and documents between Sutton Bank or Manager and any Network relating to each
Program, including without limitation any issuer agreements or issuer processor agreements, as applicable, license agreements, Network Rules, operating regulations, trademark guidelines, dispute rules, technical specifications, issuer fee schedules,
and all product guides, documents, rules and procedures incorporated herein or therein, together with all documents, rules and procedures of any Network that are applicable to a Program. 

“Program Due Diligence Application” means a description and explanation of the parameters and features of a Program
using the application provided by Sutton Bank, together with any accompanying exhibits or schedules. 
 “Program
Fraud” has the meaning given in Section 3.1(N)(ii). 

  
 - 9 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Program Materials” means all written and electronic materials
relating to each Program utilized by Manager, including, but not limited to, Marketing Materials, training materials, policies and procedures, including without limitation, Cardholder Agreements, Cardholder service letters, any website established
by Manager in connection with the Programs, customer service scripts, interactive voice response messaging, any information, notices or disclosures relating to Cards provided to Cardholders, including, but not limited to, Privacy Notices,
error-resolution notices, change-in-terms notices, and disclosures required by the EFTA, and documents and any material amendments or updates thereto. 

“Program Records” has the meaning given in Section 3.1(P)(i). 

“Program Revenues” means all income derived from a Cardholder’s use of a Card or participation in a Program,
including but not limited to, [***]. 
 “Program Schedule” means a written addendum to this Amended Program Manager
Agreement, substantially in the form attached hereto as Schedule 2.1 and executed by each Party, which sets forth the Parties’ respective duties and obligations with respect to a particular Card Program. 

“Regulatory Authority” means any federal, state or local governmental, regulatory or self-regulatory authority,
agency, court, tribunal, commission or other entity having jurisdiction over Sutton Bank, Manager or the Programs, including, but not limited to, the Office of the Comptroller of the Currency, FDIC, Federal Reserve, Federal Trade Commission, and
Consumer Financial Protection Bureau. It may also include, as the circumstances dictate, any non-U.S. authority having or exercising jurisdiction related to the issuance, sale, authorization or usage of the
Cards, Programs or services provided under this Amended Program Manager Agreement. 
 “Regulatory Communication”
means all communications from any Regulatory Authority concerning the Programs. 
 “Renewal Term” has the meaning
set forth in Section 10.1(A). 
 “Response to Audit Letter” has the meaning given in Section 3.1(O)(v).

 “SEC” means the U.S. Securities and Exchange Commission. 

“Security Contact” has the meaning set forth in Section 9.4. 

“Security Guidelines” means the Interagency Guidelines Establishing Standards for Safeguarding Customer Information,
the FFIEC Information Technology Examination Handbook, PCI-DSS, Section 501 of GLBA and any other guidance or directives issued by a Regulatory Authority or Networks pertaining to the security of
Cardholder Data. 
 “Security Program” has the meaning set forth in Section 9.1. 

“Sensitive Customer Information” has the meaning set forth in Section 8.1(E). 

“Services” means those services specifically described in Exhibit D and otherwise described in this Amended Program
Manager Agreement. 

  
 - 10 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 “Settle” and “Settlement” mean the movement
of funds tendered for or Loaded to Cards among Sutton Bank, other financial institutions and the Networks in accordance with Applicable Law to settle Transactions on such Cards. 

“SSAE” has the meaning given in Section 9.2. 

“Standard Terms” has the meaning set forth in Section 6.1(D). 

“Successor Bank” has the meaning set forth in Section 10.5(A). 

“Sutton Bank” has the meaning set forth in the Preamble. 

“Switchover Date” has the meaning set forth in Section 10.5(C). 

“Term” has the meaning set forth in Section 10.1. 

“Third Party Service Provider” means a service provider which Manager utilizes to provide Critical Services in
connection with the Program(s ). 
 “Transaction” means using a Card to do any of the following: (i) make a
purchase or otherwise make a payment to or for the benefit of a third party; or (ii) obtain a credit for a previous purchase; (iii) make a cash withdrawal at an automated teller machine, bank teller or via other means; (iv) to
transfer value to another Card or account; (v) to Load funds to a Card, or (vi) without duplication of any of the foregoing, any other transaction involving use of a Card. 

“Transaction Fee” means a fee charged in connection with the sale of a Card. The amount of the Transaction Fee applied
to each Card will vary depending on the particular Card, and shall be calculated by Manager in accordance with a pricing schedule approved by Sutton Bank. For purposes of clarity, a Transaction Fee is charged at the time a Card is sold. 

“Visa” means Visa U.S.A. Inc. and its successors and assigns. 

“Wind Down Period” means the period from the date of termination or expiration of the Amended Program Manager
Agreement through the date that the Parties have completed the Wind-Down Plan for the Programs entirely pursuant to Section 10.5. 

“Wind-Down Plan” has the meaning set forth in Section 10.5(C). 

ARTICLE II - MANAGER’S ROLE; INCORPORATION OF AND COMPLIANCE WITH PROGRAM DOCUMENTS 

 

	2.1	 Manager’s Role 

Manager and Sutton Bank acknowledge that Manager is providing services with respect to the Prepaid Card Programs developed by Manager that have
been reviewed and approved by Sutton Bank and for which Sutton Bank has approved Manager to provide the services described in this Amended Program Manager Agreement (each as specifically identified by Program description on Schedule 2.1 hereto, as
the same may be amended from time to time) (the 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
“Approved Programs”) as an agent and representative of Sutton Bank, who has primary responsibility for each Program’s compliance with Applicable Law and the Program
Documents. Notwithstanding the foregoing, Manager acknowledges that (i) it will comply with the Program Documents as such are provided to Manager by Sutton Bank; (ii) it has received and thoroughly examined the Program Documents as
provided by Sutton Bank, and (ii) each Card Transaction that Manager or Sutton Bank sends to or receives from any Network constitutes Manager’s ratification of the Program Documents, as then in effect and provided to Manager by Sutton
Bank. 
  

	2.2	 Operating Regulations 

Manager acknowledges that as a “permitted Agent” of Sutton Bank, the terms of the Network Rules governing an issuer’s
relationship with the applicable Network also govern Manager’s relationship with the applicable Network, to the extent applicable, including, for: cardholder obligations, responsibility for fraud, collections and other risks, data security,
indemnity and liability, and confidentiality. Manager represents that it has read, agreed and will comply with all terms of the applicable Network Rules, including the foregoing specifically identified provisions as such are provided to Manager by
Sutton Bank. 
  

	2.3	 General 

Sutton Bank and Manager hereby each acknowledge and agree that (a) Sutton Bank has established the Programs; (b) except as otherwise
expressly provided in this Amended Program Manager Agreement, Sutton Bank shall have full control and continued oversight over the Programs, including without limitation all policies, activities and decisions with respect to each Program;
(c) the products and services offered under the Programs pursuant to this Amended Program Manager Agreement are products of Sutton Bank; and (d) Manager shall serve as Sutton Bank’s administrator and servicer for the Programs, to
which Sutton Bank has delegated specific responsibilities relating to the marketing and servicing of the Programs, including the marketing and sale of the Cards. 
  

	2.4	 Bank Determination of Applicable Law 

As between Sutton Bank and Manager with respect to each of their respective rights and obligations under this Amended Program Manager
Agreement, to the extent there is a dispute between Sutton Bank and Manager with respect to the applicability of certain provisions of the Network Rules or Applicable Laws to one or more Program(s), Sutton Bank shall have the sole and exclusive
right to determine (i) which of the Network Rules, Federal, State and local laws, court opinions, attorney general opinions, rules and regulations, and regulatory guidance, regulatory determinations of (or agreements with) or written directions
of any arbitrator or Regulatory Authority, and modifications thereto, apply to each Program or the Parties hereto and thus are Applicable Laws; (ii) how such Applicable Laws apply to each Program; and (iii) how and to what extent pending,
settled or decided lawsuits or enforcement actions affecting Sutton Bank or any other company, and legal and regulatory developments and trends, should be addressed in each Program; provided, however, that in making such determinations, Sutton Bank
shall consult with Manager, shall exercise reasonable and professional judgment, and shall consult with legal counsel as appropriate. Notwithstanding the forgoing, Manager is expected and required to comply with all Applicable Laws that apply to
Manager and the performance of its obligations under this Amended Program Manager Agreement. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

	2.5	 Manager’s Right to Offer Programs; Statutory Authority of Regulatory Authority

 Sutton Bank grants Manager the right to offer the Programs on behalf of Sutton Bank, and hereby appoints Manager as
Sutton Bank’s agent for the sole and limited purpose of providing the services described herein with respect to the Programs. As an authorized delegate and representative of Sutton Bank, Manager acknowledges and agrees to the following: 

(A) any Regulatory Authority has and shall have the statutory authority to regulate, examine and initiate an enforcement action against Manager
with respect to the activities performed by Manager as agent or representative of Sutton Bank; 
 (B) Sutton Bank and Manager, in its
capacity as Sutton Bank’s authorized delegate and representative, are both subject to control and supervision by the appropriate Regulatory Authority; 

(C) the Regulatory Authority may require both Sutton Bank and Manager, in its capacity as Sutton Bank’s authorized delegate and
representative, to (and, if required, the Parties shall) submit periodic reports to the Regulatory Authority; 
 (D) the Regulatory Authority
may require the Parties to (and, if required, the Parties shall) modify the terms of this Amended Program Manager Agreement or terminate Sutton Bank’s relationship with Manager at any time; and 

(E) the Regulatory Authority may institute any other requirements or conditions that the Regulatory Authority deems appropriate for a
particular purpose in connection with this Amended Program Manager Agreement and the rights and responsibilities set forth herein, in which case the Parties agree to comply with such requirements or conditions. 

ARTICLE III - PARTIES’ RESPONSIBILITIES 
  

	3.1	 Manager’s Responsibilities 

As Sutton Bank’s agent and representative. Manager will develop, promote, market and sell, and operate Approved Programs on Sutton
Bank’s behalf in accordance with this Amended Program Manager Agreement and the Program Documents, In addition, Manager further agrees to do the following: 

(A) Execution of Agreements. It is Manager’s responsibility to execute any and all necessary agreements with (i) Clients that will be
distributing or selling the Cards or distributing any of the Sutton Bank Prepaid Card Services; and (ii) any of Sutton Bank’s Networks. 

(B) Due Diligence. 

(i) Program Due Diligence Application. Manager will complete a Program Due Diligence Application for each Program
proposed to be offered under this Amended Program Manager Agreement and will submit such Program Due Diligence Application in advance to Bank for Bank’s prior written approval. Manager shall ensure that each Program is offered in accordance
with the Program Due Diligence Application approved by Sutton Bank. Sutton Bank shall have the right to conduct a risk assessment for each Program, which may include an assessment of any features of any Program product. 

  
 - 13 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 (ii) Client Due Diligence. Manager acknowledges that prior to signing
or authorizing any Client to sell or distribute Cards hereunder, each Client must be subject to Manager’s and Sutton Bank’s reasonable due diligence, and be approved by Sutton Bank, which approval will not be unreasonably withheld. 

(C) Marketing. Manager will use its commercially reasonable efforts to market the Approved Program(s) to prospective Cardholders and to
maximize sales and distribution of the related Cards on behalf of Sutton Bank, in compliance with applicable Network Rules. There shall be no limitation on the customer base to which the Approved Program(s) are marketed. Manager will also ensure
that (1) the design of each Card meets the applicable Network’s design specifications, (2) Card terms and conditions, the Cardholder Agreement, packaging,
point-of- sale display materials and any other associated materials comply with all requirements of the Program Documents and, where required, are approved by Sutton
Bank, (3) all communications which display a Network’s name, logo, bug or marks are pre-approved by that Network, and (4) all Card shipping and storage practices comply with applicable Network
Rules, including but not limited to card inventory management controls.. Manager further agrees that the services it provides hereunder shall be of professional quality and in accordance with industry standards and practices. Manager shall be
responsible for the conduct and active monitoring and training of its employees, sales representatives, sales offices and agents with respect to all aspects of Manager’s performance under this Amended Program Manager Agreement and the Programs,
including without limitation their respective compliance with this Amended Program Manager Agreement and Applicable Law. 
 (D) Background
Checks and Employee Responsibility. Without limiting the Manger’s obligations in Section 3.1 (C), Manager shall (a) conduct background checks on each of its employees engaged in providing the Services on Manager’s behalf,
(b) provide to Sutton Bank, upon Sutton Bank’s request, the name, signature, and, if available under Applicable Law, Social Security Number or similar government-issued identifying number, of each Manager employee and sales representative,
and maintain such information for a period of three (3) years after the end of any such employee’s employment for any reason, and (c) comply with the provisions of Section 19 of the Federal Deposit Insurance Act, as amended by
the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. § 1829). Manager shall be liable for all actions or failure to act by such employees. Manager shall exercise commercially reasonable efforts to promptly rectify
any non-compliant activity or other activity that, in Sutton Bank’s commercially reasonable discretion, could cause harm to Sutton Bank’s reputation or business. In the event an employee or potential
employee’s background check does not meet the standards of the Act cited in this Section 3.1(D), Manager may consult with Sutton Bank to determine if an exception is allowable under Sutton Bank’s “Employment Guidelines” or
similar policies or procedures. 
 (E) Manager Training. Manager shall provide appropriate training for its officers, employees,
agents and representatives with respect to their duties, if any, related to the Program, and shall appropriately supervise all such Persons. Sutton Bank shall have the right to (a) periodically review and audit Manager’s training program
to ensure Manager’s compliance with Sutton Bank’s training program and (b) at the request of Sutton Bank, monitor and participate in any such training program. 

  
 - 14 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 (F) New Approved Programs. Manager must obtain Sutton Bank’s prior approval to
serve as program manager for each Program. Manager will submit a Program Due Diligence Application Form, attached hereto as Exhibit A, for each proposed Program for which Manager and Sutton Bank wish Manager to serve as the program manager. Sutton
Bank will respond to each Program Due Diligence Application Form submitted by Manager within [***] of receipt. If the Program Due Diligence Application Form is approved and accepted by Sutton Bank, Schedule 2.1 to this Amended Program Manager
Agreement will be amended to include such Program as an Approved Program. Upon Sutton Bank and Manager’s agreement to offer a Program to prospective Cardholders, Manager shall develop a marketing program to promote Cards to prospective
Cardholders and Sutton Bank shall issue Cards within a designated BIN range assigned by the applicable Network for the Program. 
 (G)
Program Modifications. Manager may suggest changes to a Program or the Cardholder Agreements, Program Materials, Marketing Campaigns, or Program Due Diligence Application at any time, subject to the prior written consent of Sutton Bank.
Manager shall be responsible for all costs associated with any such changes suggested by Manager and approved by Sutton Bank. Changes to a Program or the Cardholder Agreements, Program Materials, Marketing Campaigns, or Program Due Diligence
Application, including a determination that certain Program Materials or Marketing Campaigns are no longer authorized, may be made by Sutton Bank upon [***] notice to Manager, provided, however, that such notice shall not be required if such change
(i) is appropriate to respond to any concern from a Regulatory Authority, (ii) is necessary in order to cause the Program to remain in compliance with Applicable Law, or (iii) is necessary to alleviate safety and soundness concerns or
manage risk for Sutton Bank in connection with the Program and providing [***]prior notice is not feasible, in which case Sutton Bank shall provide notice as soon as commercially practicable. Sutton Bank shall take commercially reasonable steps to
prevent undue expense for Manager when changing any Cardholder Agreements, Program Materials and Marketing Campaigns that are already in production. Unless otherwise mutually agreed upon by the Parties, upon Manager’s receipt of written notice
from Sutton Bank of any such changes to a Program or Program Documents or the Cardholder Agreements, Program Materials, Marketing Campaigns, or Program Due Diligence Applications or receipt of new Program Documents, Manager shall implement such
changes as soon as commercially practicable but in no event later than [***] from Manager’s receipt of notice of such change, determination or new Program Document. Alternatively, if the modification would result in a materially adverse change
to one or more Programs or if the modification would require Manager to devote significant resources, significantly amend material agreements or incur significant cost and expense, Manager shall provide Sutton Bank with notice and reasonable detail
of Manager’s concerns. Promptly following Sutton Bank’s receipt of such notice, the Parties shall meet in good faith to resolve Manager’s concerns in a mutually agreeable manner. If the Parties are unable to so resolve Managers
concerns within [***] of Sutton Bank’s receipt of such notice, Manager may elect to terminate the affected Program or Programs or transition such Program or Programs to a Successor Bank, upon prior written notice to Sutton Bank and subject to
the provisions for such termination or transition as provided in Section 10.5. Manager shall take all actions deemed necessary by Sutton Bank, in Sutton Bank’s commercially reasonable discretion, taking into account any legally-binding
effective date with respect to any change in Applicable 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
Law and the legal, compliance and reputation risks to the Parties, to implement the modification and/or terminate the affected Program(s) in the manner and time period specified by Sutton Bank.
Sutton Bank may seek specific performance under this Section. Manager shall bear all reasonable costs related to any changes requested by Sutton Bank pursuant to the circumstances set forth in clauses (i), (ii) or (iii) of this
Section 3.1(G). 
 (H) Intellectual Property. Sutton Bank agrees that all intellectual or proprietary property supplied or
developed by Manager associated with any proposed Program and/or Approved Program, including, inventions, trade secrets, processes, business models, methods of doing business, know-how, works of authorship,
copy, artwork, designs, software, code, and other material, and all patents, trademarks, service marks, trade names and logos, copyrights, trade secrets, moral rights, and other intellectual property and proprietary rights therein (hereinafter
collectively referred to as the “Intellectual Property”) and information (including, without limitation, any Confidential Information as defined herein), shall be and remain the sole and exclusive property of Manager. For the
avoidance of doubt, nothing in this Amended Program Manager Agreement constitutes a work for hire agreement, and nothing in this Amended Program Manager Agreement constitutes an agreement by a Manager to assign or otherwise convey title to any
Intellectual Property. Notwithstanding the foregoing. Manager hereby grants Sutton Bank a limited, royalty-free, non-exclusive, non-transferable license to use such
Intellectual Property solely as necessary to provide the Sutton Bank Prepaid Card Services. 
 (I) Obligation of Manager to Provide
Information. Manager must provide reports of Program activity to Sutton Bank in a mutually agreed electronic format. 
 (J) Sales and
Settlement. All funds received from customers in connection with the loading and reloading of value on Cards shall be handled in accordance with the terms of the Program Documents and this Amended Program Manager Agreement (Manager acknowledges
and agrees that the requirements under the Program Documents shall supersede any conflicting obligations or restrictions in this Amended Program Manager Agreement); provided that Manager agrees that all such funds shall be held on behalf of
Cardholders and as provided in the Program Documents and the Cardholder Agreement and Manager shall ensure (and cause all Clients to ensure) that no claims, liens nor any actions of ownership or possession of such funds will be permitted by any
party other than the Manager, Cardholder, the Networks or Sutton Bank. 
 (K) Maintenance of Funding Accounts at Sutton Bank. A
Funding Account is defined as a Program Account consisting of a demand deposit account to hold adequate funds to cover the amounts owing to Cardholders as determined by Manager and in accordance with Program Documents. Sutton Bank shall, at all
times during the duration of this Amended Program Manager Agreement, establish and maintain a separate Funding Account for each Program. Manager will assist Sutton Bank in establishing the Funding Accounts. Sutton Bank will notify the Manager of the
account numbers and any other information necessary for the Manager to transfer funds to such accounts. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (L) Merchant Payments to Sutton Bank. A Merchant is defined as a customer of Manager
that provides funds to Cardholder accounts for rewards, promotional, incentive, loyalty and other similar purposes, in accordance with the applicable Approved Program. From time to time Manager shall cause its Merchants, by timely, irrevocable wire
transfer, to deposit into the appropriate Merchant Rewards Account held at Sutton Bank adequate funds to cover the amounts owing to Cardholders as determined by the Manager and its Merchants. The total liability to Cardholder for a given program is
equal to the sum of the Funding Account and the Merchant Rewards account. Manager agrees that any funds deposited in the Funding Accounts and Merchant Rewards Accounts shall be for the sole purpose of satisfying claims on the Funding Accounts as
provided in this Amended Program Manager Agreement and the applicable Approved Program. 
 (M) [***] 

(N) Fraud Monitoring, Recovery and Liability. 

(i) Fraud Monitoring. Manager shall monitor usage of Program products and services by Cardholders, and the provision of
Program products and services by Distributors, to track, review and report on fraudulent use of Program products and services, and the Parties shall cooperate to reduce fraud. Manager also shall adopt such fraud monitoring practices in accordance
with Sutton Bank’s internal procedures (as provided to Manager by Sutton Bank from time to time), standard industry practices and any Applicable Laws, as such industry practices or Applicable Laws may change over time. Manager shall provide to
Sutton Bank a summary report of findings from Manager’s fraud monitoring upon request. 
 (ii) Fraud Reporting.
Each Party shall immediately notify the other Party if a Party (or, in the case of Manager, any of its Distributors or Third Party Service Providers) become aware of any attempt by any Person to obtain or use a Card by fraud, including, but not
limited to, value Load fraud, provisional credit fraud, unauthorized Card use, under floor limit processing, merchant fraud, or fraud committed by an employee of Manager or any of its Distributors or Third Party Service Providers
(“Program Fraud”). 
 (iii) Fraud Investigation and Recovery. Manager shall cooperate fully
with Sutton Bank and engage in any commercially reasonable efforts to locate and prosecute the perpetrator of any Program Fraud, and shall bear the costs of such efforts. In the event Sutton Bank has reasonable suspicion to believe that Program
Fraud is taking place, Sutton Bank may in its sole discretion: (a) require Manager to halt the sale of Cards and/or Loads of Cards within a particular Card distribution channel or channels, (b) block the BIN associated with a specific
Program offering or offerings, (c) freeze or suspend the suspicious Card Transactions, and (d) freeze or suspend any additional use of the remaining Cardholder Funds on such Cards, to the extent the actions described in clauses
(a) through (d) above are in compliance with Applicable Law. 
 (iv) Liability for Fraud. Manager agrees that it
shall be responsible for and liable to Sutton Bank for all expenses associated with and any losses attributable to Program Fraud, unless such expenses and losses were proximately caused by the negligence or willful misconduct of Sutton Bank. Manager
shall reimburse Sutton Bank for any losses and expenses associated with Program Fraud within [***] of receiving written notice by Sutton Bank of such Program Fraud. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (O) Program Audits and Examination Cooperation. 

(i) Manager Audit Plans. Manager shall establish and maintain an internal audit plan for the Programs and its
obligations under this Amended Program Manager Agreement as approved by the audit committee of Manager’s Board of Directors. Manager shall also establish and maintain an audit plan applicable to each Distributor’s, Marketer’s and
Third Party Service Provider’s compliance with Applicable Laws in the performance of their obligations related to the Programs, and the Distribution and Service Agreements, the Marketing Agreements and Third Party Service Provider agreements,
as applicable. Manager shall provide a copy of its audit plans to Sutton Bank, and shall respond in good faith to address any concerns raised by Sutton Bank, including with respect to the frequency, content and scope of the audits. Without limiting
the foregoing, Sutton Bank may require that Manager perform an audit of any specified Distributor or Third Party Service Provider, pursuant to an audit plan and scope acceptable to Sutton Bank in its commercially reasonable discretion. Manager shall
submit a written audit report to Sutton Bank in connection with each audit, and provide Sutton Bank with any additional information requested with respect to any material issues of concern identified in the audit or by Sutton Bank. Manager warrants
that, as of the date of the submission of each such audit report to Sutton Bank that, to the best of Manager’s knowledge, such report is true, correct, complete, and not misleading. Upon Manager’s determination that any information
contained in any such audit report is materially incorrect, incomplete or misleading in any way, Manager shall promptly notify Sutton Bank of the same. 

(ii) Program Audits. Manager agrees at its sole cost that Sutton Bank, its authorized representatives and agents, and
any Regulatory Authority or Network (“Auditing Party”) shall have the right, at any time during normal business hours and upon reasonable prior written notice, or at any other time required by Applicable Law or by a
Regulatory Authority, to inspect, audit, and examine all of Manager’s facilities, records, personnel, books, accounts, data, reports, papers and computer records relating to the activities contemplated by this Amended Program Manager Agreement
including, but not limited to, financial records and reports, the Security Program, associated audit reports, summaries of test results or equivalent measures taken by Manager and/or any Third Party Service Provider to ensure that the Security
Programs meet the objectives of the Security Guidelines in accordance with Applicable Law and this Amended Program Manager Agreement and that Manager is otherwise in compliance with the terms of this Amended Program Manager Agreement and Applicable
Law. Manager shall, and shall contractually require its Distributors and Third Party Service Providers to, make all such facilities, records, personnel, books, accounts, data, reports, papers, and computer records available to the Auditing Party for
the purpose of conducting such inspections and audits, and the Auditing Party shall have the right to make copies and abstracts from Manager’s or a Distributor’s or Third Party Service Provider’s books, accounts, data, reports,
papers, and computer records directly pertaining to the subject matter of this Amended Program Manager Agreement. 
 (iii)
BSA/AML/OFAC Audits. Sutton Bank, or a third party selected by Sutton Bank may conduct a complete audit of Manager’s compliance with Manager’s approved BSA/AML/OFAC Procedures, which shall include, without limitation, a review of

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
Manager’s compliance with Sutton Bank’s policies and procedures in place with respect to identifying the number of sales of Cards at any one Distributor location in one day, limiting
the number of Cards activated by any one individual with the same social security number, limiting the number of Cards activated by individuals at any one physical address, and limiting the Loads to each Card. Manager will be responsible for all of
the cost of these BSA/AML/OFAC audits. 
 (iv) Manager Cooperation. Manager agrees to cooperate, and shall
contractually require all Distributors, Marketers and Third Party Service Providers to cooperate, with any examination, inquiry, audit, information request, site visit or the like, which may be required by any Regulatory Authority or Network with
audit examination or supervisory authority over Sutton Bank, to the fullest extent requested by such Regulatory Authority, Network or Sutton Bank. Manager shall also provide to Sutton Bank any information which may be required by any Regulatory
Authority or Network in connection with their audit or review of Sutton Bank or any Program and shall reasonably cooperate with such Regulatory Authority or Network in connection with any audit or review of Sutton Bank or any Program. Manager shall
also provide, at its sole cost and expense, such other information as Sutton Bank, Regulatory Authorities or Network may from time to time reasonably request with respect to the financial condition of Manager and such other information as Sutton
Bank may from time to time reasonably request with respect to third parties who have contracted with Manager relating to or in connection with this Amended Program Manager Agreement. 

(v) Corrective Action Plans. Manager shall prepare a written response to Sutton Bank (a “Response to Audit
Letter”) to all criticisms, recommendations, deficiencies, and violations of Applicable Law identified in reviews conducted by Sutton Bank, any Regulatory Authority or Network (“Audit Findings”). The Response to
Audit Letter shall be delivered to Sutton Bank within [***] of Manager’s receipt of such Audit Findings, unless directed otherwise by a Regulatory Authority or a Network. The Response to Audit Letter shall include, at a minimum, a detailed
discussion of the following: 
 (a) the planned corrective action to address the Audit Findings (“Audit Corrective Action
Plan”); 
 (b) employee(s) of Manager tasked to remedy the Audit Findings; 

(c) remedial actions proposed to be directed to current or past Cardholders negatively impacted by the Audit Findings (provided no such action
shall be taken without express written approval from Sutton Bank); 
 (d) steps to be taken to prevent any recurrence of the Audit Findings;

 (e) a specific timeframe, not to exceed [***], unless otherwise approved by Sutton Bank in advance, to implement the Audit Corrective
Action Plan (“Corrective Action Plan Deadline”); 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (f) documentation evidencing that the Audit Corrective Action Plan has been implemented;

 (g) if additional time is needed to implement the Audit Corrective Action Plan or deviations from the Audit Corrective Action Plan are
necessary, a written request shall be submitted to Sutton Bank detailing the extenuating circumstances that necessitate an extension of the Corrective Action Plan Deadline and such extension request shall be subject to the reasonable approval of
Sutton Bank; and 
 (h) identification of any Audit Findings disputed by Manager or where corrective action is not possible or necessary,
supported by a detailed explanation of Manager’s position. 
 (P) Recordkeeping and Reporting. 

(i) Recordkeeping. Unless otherwise agreed, Manager will keep, or cause to be kept, current and accurate records
relating to each Program, including, but not limited to: (a) the identity of each Cardholder and the steps taken to verify such identity, if applicable to the Program; (b) all information received by Processor in each daily Settlement
file; and (c) other information as may be required by Applicable Law (“Program Records”). With respect to each Card, Manager shall retain all Program Records for the time period required by Applicable Law, and in any
event, for no less than five (5) years after the termination of any Cardholder Agreement or Program, whichever is later. 

(ii) Reports and Access to Program Records. Sutton Bank shall be provided with access to any Program Records and any
other information and documents it reasonably requests from time to time from Manager or any Distributor, Marketer or Third Party Service Provider retained by Manager with regard to any activity contemplated by or relating to this Amended Program
Manager Agreement, and such information shall be provided in accordance with Sutton Bank’s specifications and requirements, including, but not limited to, the timeframe and format in which such information and documents must be provided.
Manager shall ensure that it has ready access to all Program Records, including those maintained by its Distributors and Third Party Service Providers, in order to comply with any request from Sutton Bank pursuant to this Section. 

(iii) All Program Records generated by Manager and its Third Party Service Providers in connection with the Program(s) shall be
the property of Sutton Bank, subject to each Party’s (or a Marketer’s or Distributor’s) ownership interest in Joint Cardholder Data as defined in Section 7.1. 

 

	3.2	 Sutton Bank Responsibilities 

In addition to any other obligations of Sutton Bank set forth in this Amended Program Manager Agreement: 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (A) Sutton Prepaid Card Services. Sutton Bank shall be responsible for providing the
Sutton Prepaid Card Services. 
 (B) Sutton Bank System Security. Sutton Bank shall implement and will comply with its security
procedures designed to (i) prevent unauthorized access to Sutton Bank’s systems through computer hardware and software systems which are owned or controlled by Sutton Bank, and (ii) prevent unauthorized access to or use of Sutton
Bank’s systems by Sutton Bank’s current and former personnel. When on site at Manager’s premises, Sutton Bank personnel shall observe and adhere to Manager’s policies and procedures generally applicable to visitors of
Manager’s premises as provided to Sutton Bank by Manager. 
 (C) Sutton Bank Personnel. Sutton Bank shall be responsible for any
acts or omissions of Sutton Bank employees, subcontractors and authorized agents acting with Sutton Bank’s authorization on Sutton Bank’s behalf, which, if performed by Sutton Bank, would constitute a breach of this Amended Program Manager
Agreement. For the avoidance of doubt, Sutton Bank shall in no way be responsible for the acts or omissions of Manager or its employees, subcontractors, authorized agents, Distributors, Marketers or Third Party Service Providers. 

(D) System Access. Sutton Bank acknowledges that it may receive access to Manager’s system, network components, or electronic
databases (“Manager’s System”) in order to monitor Program activity. In such event, Sutton Bank will be responsible for the administration of Sutton Bank’s access to Manager’s System as follows: 

(i) Sutton Bank will provide Manager with the names and contact information of the Sutton Bank employees who are authorized to
access the Manager’s system in order to monitor Program activity (“Authorized Users”); 
 (ii)
Sutton Bank will instruct Manager to disable access to Manager’s System for terminated Authorized Users or Authorized Users who no longer have a need to access Manager’s System; and 

(iii) Sutton Bank will comply with Manager’s reasonable and industry standard security procedures provided to Sutton Bank
with respect to maintaining secure access to Manager’s System. 
 (E) Notices of Changes. Except as such is limited by Applicable
Law or the actions or requirements of a Regulatory Authority, Sutton Bank shall notify Manager as far as reasonably possible in advance of any: (a) change in the name or form of business organization of Sutton Bank or change in the location of
its chief executive office; or (b) any material adverse change in Sutton Bank’s financial condition or operations that might materially and adversely affect Sutton Bank’s ability to perform its obligations under this Amended Program
Manager Agreement. 
 (F) Notice of Proceedings. Except as such is limited by Applicable Law or the actions or requirements of a
Regulatory Authority, Sutton Bank shall promptly notify Manager of any action, suit, litigation, proceeding, consent order, directive, sanction, facts and circumstances, and of all tax deficiencies and other proceedings before governmental bodies or
officials, including any Regulatory Authority, affecting Sutton Bank, and the threat of reasonable prospect of same, which (i) relate to a Program or this Amended Program Manager Agreement, (ii) might give rise to any indemnification
obligation pursuant to Article XI or (iii) might materially and adversely affect Sutton Bank’s ability to perform its obligations under this Amended Program Manager Agreement. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (G) Sutton Bank’s Capitalization. Sutton Bank shall use reasonable efforts to
(i) maintain sufficient capital to support its deposits and assets and (ii) remain a well-capitalized institution, as defined under the prompt corrective actions provisions of the Federal Deposit Insurance Act, 12 U.S.C. § 1831o and
12 C.F.R. Part 6. 
 (H) True and Correct Information. Sutton Bank covenants that all information furnished by Sutton Bank to Manager
for purposes of or in connection with this Amended Program Manager Agreement shall be, to the best of Sutton Bank’s knowledge, as of the date provided, true and correct in all material respects and does not omit any material fact necessary to
make the information so furnished not misleading. Except as disclosed to Manager, there is no fact known to Sutton Bank (including threatened or pending litigation) that is reasonably likely to materially and adversely affect the financial
condition, business, property, or prospects of Sutton Bank. 
 (I) Cooperation. Sutton Bank covenants that it shall use commercially
reasonable efforts to cooperate with Manager in the operation of the Programs and its obligations under the Amended Program Manager Agreement, including in respect of the settlement of disputes with Cardholders. 

(J) Sutton Bank shall promptly notify Manager in writing in the event that Sutton Bank, together with its Affiliates, accumulates in excess of
[***] in assets at any given date. 
 ARTICLE IV - REPRESENTATIONS AND WARRANTIES 

 

	4.1	 Manager Representations and Warranties 

Manager represents and warrants to Sutton Bank, as of the Effective Date, as follows: 

(A) Existence. Manager is duly organized, validly existing and in good standing under the laws of the state of Delaware, and has its
principal office in Emeryville, California. 
 (B) Authority. Manager has the corporate: and legal authority and power to enter into
this Amended Program Manager Agreement and to perform the obligations set forth in the Program Documents. 
 (C) Ownership; No
Infringement. Manager owns, has licensed, or otherwise has the right to use any trademarks, service marks, patents and other intellectual property necessary for it to use in the operation of each Approved Program referenced herein, and to the
best of Manager’s knowledge any such use will not infringe upon the rights of any third party. 
 (D) Accuracy of Financial
Information. Manager has delivered to Sutton Bank complete and accurate copies of its balance sheets and related statements of income and cash flows. All financial statements and information that have been furnished to Sutton Bank are accurate
in all material respects and fairly represent, in all material respects, (i) the financial condition of Manager, including contingent liabilities of every type, which financial condition has not changed

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
materially or adversely as of the date of this Amended Program Manager Agreement, and (ii) the terms, conditions and other information related to Manager’s Programs, which terms,
conditions and other information has not changed materially or adversely as of the date of this Amended Program Manager Agreement. Additionally, Manager agrees to provide Sutton Bank, within [***] of Sutton Bank’s request therefor, with copies
of Manager’s then-most current annual audited and/or interim unaudited financial statements, prepared in accordance with the requirements of the immediately preceding sentence, and such information concerning Manager’s Programs as Sutton
Bank may request. The financial statements, terms, conditions and other information referred to in this Section 4.1(D) are referred to collectively as the “Financial Information.” 

(E) Claims and Litigation. Neither Manager nor any of its Affiliates is the subject of any litigation, infringement, or enforcement
action, and to the knowledge of Manager, neither manager nor any of its Affiliates is the subject of any investigation by any Person or governmental body which, if determined adversely to Manager or the Affiliate, would have a material adverse
effect on (i) the business, financial condition or operations of Manager, or (ii) the ability of Manager to operate each Approved Program referenced herein, or (iii) the ability of Manager to perform its obligations under the Program
Documents. Neither Manager nor any Affiliate or principal of Manager has been or is subject to (i) any criminal conviction (other than for minor traffic offenses and other petty offenses), (ii) any unpaid federal or state tax lien,
(iii) administrative or enforcement proceedings commenced by the Securities and Exchange Commission, any state securities regulatory authority, the Federal Trade Commission, any federal or state banking regulator or any other federal or state
regulatory agency, or (iv) any restraining order, decree, injunction or judgment in any proceeding or lawsuit alleging fraud or deceptive practice on the part of Manager or any principal or Affiliate of Manager. For the purposes of this
Section 4.1(E), the term “principal” includes (i) any Person who directly or indirectly owns ten percent (10%) or more of Manager, (ii) any officer or director of Manager, and (iii) any Person actively participating in
the control of Manager’s business. 
 (F) Consents. Manager has obtained all material licenses, consents or permissions needed
from any applicable governing authority or other Person to perform, its duties set forth in the Program Documents and this Amended Program Manager Agreement. 

(G) Compliance. Manager adheres to all applicable Applicable Law, and has completed and implemented an anti-money laundering compliance
program, a copy of which has been provided to Sutton Bank. 
 (H) Resources. Manager has and will maintain all staffing, operational,
and financial resources that are necessary or appropriate to perform its obligations under this Amended Program Manager Agreement and its agreements with Client(s). 
  

	4.2	 Sutton Bank Representations and Warranties 

Sutton Bank represents and warrants to Manager, as of the Effective Date, as follows: 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (A) Organization and Qualification. Sutton Bank is a state chartered bank duly
organized, validly existing and in good standing under the laws of the state of Ohio. Sutton Bank is duly qualified and in good standing to do business in all jurisdictions where such qualification is necessary for it to carry out its obligations
under this Amended Program Manager Agreement, except where the failure to so qualify would not have a material adverse effect on Sutton Bank’s business, or where the failure to so qualify would not have a material adverse effect on
Manager’s or Sutton Bank’s ability to continue operation of the Programs. Sutton Bank is (i) a member in good standing with each Network necessary to the operation of the Programs, and (ii) is in good standing with each
Regulatory Authority with jurisdiction over it, including the Federal Deposit Insurance Corporation. 
 (B) Corporate Authority. 

(i) Corporate Power. Sutton Bank has all necessary corporate power and authority to enter into this Amended Program Manager
Agreement and to perform all of the obligations to be performed by it under this Amended Program Manager Agreement. 
 (ii)
Authorization. This Amended Program Manager Agreement has been duly authorized by all necessary proceedings, has been duly executed and delivered by Sutton Bank and is a valid and legally binding agreement of Sutton Bank duly enforceable in
accordance with its terms (except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws relating to or affecting creditors’ rights generally and by general equity principles). 

(iii) Approvals. No consent, approval, authorization, order, registration or qualification of or with any court or Regulatory
Authority or other governmental body having jurisdiction over Sutton Bank is required for, and the absence of which would materially adversely affect, the legal and valid execution and delivery of this Amended Program Manager Agreement, and the
performance of the transactions contemplated by this Amended Program Manager Agreement. 
 (iv) No Conflicts. The execution
and delivery of this Amended Program Manager Agreement by Sutton Bank hereunder and the compliance by Sutton Bank with all provisions of this Amended Program Manager Agreement shall not: (i) conflict with, result in the breach of, constitute a
default under or accelerate, terminate, modify or cancel or require any notice or consent under any agreement, contract, lease, license, instrument or other arrangement to which Sutton Bank is a party or by which it is bound or to which any of its
assets is subject, except for such violations, conflicts, breaches, defaults, accelerations, terminations or modifications that would not have a material adverse effect on its ability to fulfill its obligations under this Amended Program Manager
Agreement; or (ii) violate the charter, bylaws, or any other equivalent organizational document of Sutton Bank. 
 (C)
Litigation. There is no pending, nor to the knowledge of Sutton Bank, threatened, suit, action, arbitration or other proceedings of a legal, administrative or regulatory nature, or any governmental investigation, against Sutton Bank or any of
its Affiliates or any officer, director or employee which has not been previously disclosed to Manager in writing and which would materially and adversely affect Sutton Bank’s financial condition or Sutton Bank’s ability to perform its
obligations under this Amended Program Manager Agreement. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (D) Sutton Bank Marks. Sutton Bank has the legal right to use and to permit Manager to
use, to the extent set forth herein, the Sutton Bank Marks. 
 (E) Intellectual Property Rights. In the event Sutton Bank provides any
software or hardware to Manager, Sutton Bank has the legal right to such software or hardware and the right to permit Manager to use such software or hardware, and such use shall not violate any intellectual property rights of any third party. 

(F) FDIC Insurance. Sutton Bank’s deposits are insured by the Federal Deposit Insurance Corporation to the full extent permitted by
and available under Applicable Law, and no proceeding has been instituted to revoke such insurance. 
 ARTICLE V - PROGRAM COMPLIANCE 

 

	5.1	 Compliance with Applicable Law 

Each Party acknowledges and agrees that it shall comply with Applicable Law in the performance of its obligations under this Amended Program
Manager Agreement. Manager agrees that it shall contractually obligate its Distributors, Marketers and Third Party Service Providers to comply with Applicable Law in the performance any services provided in connection with the Program. Sutton Bank
may, if directed by a Regulatory Authority or for continued non compliance terminate this Amended Program Manager Agreement by giving written notice of termination to Manager, in which case the date of termination shall be as set forth in such
notice. 
  

	5.2	 Compliance Counsel 

Sutton Bank may exercise its discretion to obtain legal counsel (“Compliance Counsel”) with expertise in the field of
payment instruments to assist Sutton Bank in reviewing, and to advise Sutton Bank with regard to, the compliance with all Applicable Law, and all Program Materials, policies, procedures and guidelines pertaining to the Program. Such Compliance
Counsel shall be employed solely by Sutton Bank and retained in that capacity so long as Sutton Bank deems advisable. Manager shall promptly reimburse Sutton Bank for such Compliance Counsel’s actual fees and disbursements for the review and
advice beginning after such Compliance Counsel has provided [***] of billable time so advising Sutton Bank, as provided in this Section 5.2, upon presentation by Sutton Bank of statements therefore setting forth such fees and disbursements in
reasonable detail; provided, however, that Sutton Bank will notify Manager prior to beginning any individual project or matter after the Effective Date if Sutton Bank believes that the fees and disbursements for such individual project or matter
will exceed [***]. 
  

	5.3	 Operating Policies and Procedures 

Each Party shall develop written policies and procedures associated with fulfilling its responsibilities and obligations contained herein and
required by Applicable Law. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

	5.4	 BSA/AML/OFAC Compliance 

(A) Manager’s BSA/AML/OFAC Procedures. Manager shall comply with the applicable provisions of the Bank Secrecy Act
(“BSA”) and shall implement the comprehensive Bank Secrecy Act, customer identification, AML, OFAC program (the “BSA/AML/OFAC Procedures”) approved by Sutton Bank from time to time, designed
specifically to address the BSA/AML/OFAC risks associated with each Program. Manager shall maintain the BSA/AML/OFAC Procedures, and such other compliance measures, including a system of internal controls, to ensure ongoing compliance with the Bank
Secrecy Act, independent annual testing of the BSA/AML/OFAC Procedures, the designation of an individual or individuals responsible for coordinating and monitoring the BSA/AML/OFAC Procedures and periodic training of appropriate personnel. Manager
and Sutton Bank shall coordinate complete reviews of the BSA/AML/OFAC Procedures and any other BSA/AML/OFAC guidelines of Manager as it relates to the Programs at least annually, and more frequently when new enforcement trends, regulatory guidance,
or changes to Applicable Law suggest that such reviews are advisable in Sutton Bank’s reasonable determination. 
 (B) Provider of
Prepaid Access. Manager shall ensure that each Distributor and Third Party Service Provider shall register as a money services business (MSB) as and to the extent required by Applicable Law, including, but not limited to, 31 CFR Parts 1010 and
1022 (“Prepaid Access Rule”). Regardless of whether Manager is required to register as a provider of prepaid access, Manager shall further ensure that Manager and any Distributors deemed to be “sellers” of prepaid
access (as defined by the Prepaid Access Rule) comply with the Prepaid Access Rule, the BSA and any other applicable regulations promulgated by FinCEN, including, but not limited to, ensuring that Manager and all sellers of prepaid access comply
with suspicious activity reporting, currency transaction reporting, anti-money laundering, and sales monitoring requirements, and maintain all records required under the Prepaid Access Rule and other Applicable Laws. Manager shall promptly
accomplish all acts necessary to comply with FinCEN obligations under the Prepaid Access Rule, and shall indemnify and hold Sutton Bank harmless from any fines, penalties or sanctions of any nature resulting from Manager’s not complying with
the rule. 
 (C) Bank BSA/AML/OFAC Requirements. Manager shall further comply with any requirements established by Sutton Bank and
provided to Manager to ensure BSA/AML/OFAC compliance by Sutton Bank (“Bank BSA/AML/OFAC Requirements”), as the same may be amended from time to time by Sutton Bank. At a minimum, the Bank BSA/AML/OFAC Requirements include
the following: 
 (i) prior to Activation, with respect to Programs that establish an ongoing relationship with a Cardholder
or allow for re-Loads or cash withdrawals, Manager shall obtain, record and verify customer identification information regarding each such Cardholder in accordance with Applicable Law, and shall be responsible
for ensuring that each such Cardholder meets Sutton Bank’s Customer Identification Program as required by Applicable Law and the Bank BSA/AML/OFAC Requirements; 

(ii) Manager shall comply with all OFAC regulations, including, but not limited to: (1) ensuring that all Cardholders are
screened prior to activation of a Card and periodically thereafter as required by Applicable Law through a screening system implemented to comply with OFAC regulations and the Bank BSA/AML/OFAC Requirements, and (2) complying with all OFAC and
Sutton Bank directives regarding the prohibition or rejection of unlicensed trade and financial transactions with OFAC specified countries, entities and individuals; and (iii) Manager shall monitor the usage of products

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
and services offered under each Program to track, review and report any suspicious activity in accordance with Applicable Law and the Bank BSA/AML/OFAC Requirements, including, but not limited
to, all obligations to report such suspicious activity to Sutton Bank in accordance with applicable timeframes contained within the Bank BSA/AML/OFAC Requirements, or take such other actions as shall be requested from time to time by Sutton Bank.

 (D) To the extent any of Manager’s obligations under this Section are performed by a third party, such third party shall be
considered a Third Party Service Provider. 
  

	5.5	 Disclosure of Key Card Terms 

The Parties understand that the fees and substantive terms associated with a Card should be readily available for review by any Person
inquiring about a Card. Each Party shall take commercially reasonable steps to ensure that prospective Cardholders have an opportunity to review the Cardholder Agreement if they desire to do so prior to submitting an application for a Card. Manager
shall also ensure that customer service representatives and Manager staff and its Distributors are knowledgeable of the fees and substantive terms of each Program. The Parties shall each ensure that the Cardholder Agreement is available on any
website administered by the respective Party to support a Program. Manager shall also clearly and conspicuously disclose to the Cardholder and any Applicant for a Card any dormancy fee that may be assessed each Card, how often such fees may be
assessed, the conditions under which a fee may be assessed and that such fee may be assessed for inactivity. 
  

	5.6	 Privacy Notices 

Sutton Bank will prepare and approve a Privacy Notice to be provided to Cardholders on behalf of Sutton Bank that meets Sutton Bank’s
privacy policy and otherwise reflects the terms of this Amended Program Manager Agreement related to ownership and use of Cardholder Data, including Customer Identifying Information, and Manager shall be responsible for providing this Privacy Notice
to each Cardholder at Manager’s expense in accordance with Applicable Law, including providing the Privacy Notice in any foreign language through which Cardholders are being solicited via Sutton Bank approved Marketing Materials. In addition,
Manager is responsible for preparing and delivering, at its expense, any Privacy Notice that Manager is separately required to provide to Persons under Applicable Law. Manager may choose to support the technological and disclosure requirements
necessary to permit the electronic delivery of disclosures upon Cardholder consent consistent with Applicable Law, subject to Sutton Bank’s prior written approval. 
  

	5.7	 Escheat 

Manager shall provide escheat recordkeeping services on Sutton Bank’s behalf for the Programs in compliance with all state unclaimed
property laws. Sutton Bank shall remit such unclaimed funds to the appropriate jurisdiction as required under Applicable Law. Manager shall be solely liable for any costs and fines related to any challenge by any Regulatory Authority with respect to
escheat or unclaimed property laws, regardless of whether such cost is incurred by or such fines are assessed to Sutton Bank or Manager unless such challenge is related to Sutton Bank’s failure to remit to the appropriate jurisdiction any
unclaimed funds following the receipt of accurate records from Manager. Manager shall be liable to Sutton Bank for any amounts claimed by states under unclaimed property laws that represent Breakage that has been previously paid to Manager by Sutton
Bank. 

  
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	5.8	 Identity Theft Prevention Program (“IDTP”) 

Manager shall develop and implement an IDTP designed to detect, prevent, and mitigate identity theft in connection with the Programs. The IDTP
shall be designed to comply with the provisions of 12 CFR 334.90-334.91 and 571.90-571.91 as well as the Interagency Guidelines on Identity Theft Detection, Prevention,
and Mitigation set forth at Appendix J to 12 CFR Part 334. Manager shall submit the proposed IDTP to Sutton Bank for its prior review and approval. 
  

	5.9	 Unlawful Gambling 

Manager shall adopt policies and procedures to reasonably identify and block transactions related to participation of a Cardholder in illegal
internet gambling as provided by the Unlawful Gambling Enforcement Act of 2006 and Regulation GG. 
  

	5.10	 Regulation E Compliance (12 C.F.R. 1005) 

Manager shall adopt policies and procedures to ensure that neither Manager nor any Distributor, Marketer or Third Party Service Provider
participating in the Program markets, labels, displays or otherwise makes, represents or suggests to the public that a Card is or may be used as a “gift card” or “gift certificate” as such terms are defined by 12 C.F.R. 1005.20
if such Cards were not intended for gifting purposes pursuant to the Program Due Diligence Application approved by Sutton Bank. Manager shall further ensure that all Cards that may be re-Loaded are extended
the same protections under Regulation E as are available to payroll card accounts (as that term is defined by Regulation E). 
  

	5.11	 Criticisms, Complaints and Legal Actions 

(A) Receipt of Criticism. In the event that a Party receives criticism or complaint in a Regulatory Communication or report of
examination or in a related document or specific oral communication from, or is subject to formal or informal supervisory action by, or enters into an agreement with any Regulatory Authority or any Network with respect to any matter whatsoever
relating to (including omissions therefrom) the Programs (any such event a “Criticism”), such Party, as applicable, shall advise the other Party in writing of the Criticism received within [***] of receipt and share with the
other Party relevant portions of any written documentation, or for oral communications, provide a detailed summary in writing, received from the relevant Regulatory Authority or Network, as applicable, to the extent not specifically prohibited by
Applicable Law or the Regulatory Authority or Network. Following receipt of such Criticism, the Parties shall in good faith consult as to the appropriate action to be taken to address such Criticism. Manager shall take all actions deemed necessary
by Sutton Bank, in its commercially reasonable discretion, to address the Criticism in the manner and time period specified by Sutton Bank. In the event the Criticism relates to the Programs and any such Criticism requires a written response to any
Regulatory Authority with jurisdiction over Sutton Bank, Sutton Bank shall have final approval over the form and content of such response. Sutton Bank may seek specific performance under this Section. In the event the Criticism is directed only to
Manager or is from a Regulatory Authority with jurisdiction over Manager, Manager shall have final approval over the form and content of any response required to any Regulatory Authority after consulting in good faith with Sutton Bank. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (B) Complaints and Resolution. 

(i) All complaints received by a Party from a Cardholder relating to a Card or its use (“Cardholder
Complaint”) that are material shall be promptly (i) reported to the other Party, and (ii) promptly addressed and resolved by Manager in accordance with Applicable Law and Manager’s complaint procedures; which
procedures must be approved in advance by Sutton Bank. 
 (ii) Upon request, Manager agrees to promptly advise Sutton Bank of
the results of any investigation relating to a Cardholder Complaint and provide an audit trail of information pertinent to the matter, all within any timeframes required by Applicable Law, but in no event later than [***] after notice of the
Cardholder Complaint. The audit trail of information shall be sufficiently detailed to allow Sutton Bank to fully respond to a Regulatory Authority if such Regulatory Authority inquiries about a Cardholder Complaint. 

(iii) Each shall provide the other Party with notice and copies of any Executive Complaint within [***] of receipt of such
Executive Complaint. Manager shall promptly investigate each Executive Complaint and any similar complaints received by Sutton Bank that are forwarded to Manager and propose an appropriate response. Manager and Sutton Bank shall jointly approve the
final responses for all Executive Complaints. 
 (C) Legal Actions and Requests. Each Party shall promptly notify the other Party of
any legal action brought by a third party that may have a material effect on the Program(s). Each Party shall further provide the other Party with prompt notice and copies of all subpoenas, levies, garnishments or other legal requests received by
the Party which require the assistance of the other Party in order to provide an accurate response, or which otherwise have a material effect on the Program(s), whether from a governmental authority, Regulatory Authority, private attorney, court or
otherwise, relating to a Cardholder, a Card, a Program or this Amended Program Manager Agreement (“Legal Documents”). Either Party shall provide any assistance reasonably requested by the other Party in order to timely meet
the response deadline of any Legal Document. 
 (D) Records of Program Complaints and Responses. Manager shall catalog and maintain
copies of all Criticisms, Regulatory Communications, Legal Documents, Executive Complaints and Cardholder Complaints received by Manager (collectively, “Complaints”), and responses thereto for the period required by
Applicable Law or such longer period as specified by Sutton Bank in a written notice to Manager. Manager shall provide Sutton Bank with a quarterly summary of all Complaints in the form and manner determined by or acceptable to Sutton Bank (each, a
“Complaint Summary”). Sutton Bank (i) shall have access at all times to pending and closed Complaints and responses, and (ii) in Sutton Bank’s sole discretion, may audit a reasonable number of such Complaints.

  
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 CONFIDENTIAL AND PROPRIETARY 

 

	5.12	 Manager State and Federal Licensing and Registration Requirements 

Manager shall obtain and maintain, and shall ensure that each Distributor and Third Party Service Provider obtains and maintains, all licenses,
registrations, permits and approvals necessary to perform their respective obligations in connection with the Programs in compliance with Applicable Law, including without limitation any state money transmitter licenses. In addition, Manager shall
ensure that each Distributor and Third Party Service Provider shall register as a money services business (MSB) as and to the extent required by federal law. For purposes of compliance with state money transmitter licensing laws, Manager shall
ensure that each Distributor is either (i) sponsored by Manager as an authorized delegate pursuant to appropriate agency agreements with Manager, or (ii) is appropriately licensed as a money transmitter or check seller or registered as a
money services business, as applicable, to the extent required by federal or state money services business, money transmitter or sale of checks laws or the Bank Secrecy Act. 
  

	5.13	 Network Membership/Registration 

Sutton Bank shall (i) remain a member in good standing in the Networks associated with the Programs marketed by Manager on behalf of
Sutton Bank, (ii) provide such BINs and similar identifiers necessary in conjunction with such products and services, (iii) register Manager with the Network(s) as a third-party provider (e.g., an Independent Sales Organization with Visa
or as a Member Service Provider with MasterCard); (iv) timely pay all normal fees, dues and assessments associated with its membership, and (v) abide in all material respects with the Network Rules. Manager shall fully comply with the terms of
any documents and agreements executed with any Network. Manager and Sutton Bank shall deliver to each other, within [***] of receipt, a copy of all notices or correspondence (other than Confidential Information) received from the Networks relating
to the Programs marketed by Manager on behalf of Sutton Bank unless such communication is time-sensitive, in which case, such communication shall be delivered as soon as reasonably practicable. 

 

	5.14	 Network Obligations 

Each Party shall take all actions as may be reasonably required from time to time by any Network in connection with maintaining the
Programs’ compliance with the Network Rules. Additionally, (i) Manager shall be responsible for all fees, charges, fines, penalties or other costs assessed from time to time by any Network in connection with any Program related to
Manager’s acts or omissions, and, if such fees, charges, fines, penalties or other costs are paid by Sutton Bank, then Manager shall reimburse Sutton Bank for all such amounts, and (ii) Sutton Bank shall be responsible for all fees,
charges, fines, penalties or other costs assessed from time to time by any Network in connection with any Program related to Sutton Bank’s acts or omissions, and, if such fees, charges, fines, penalties or other costs are paid by Manager, then
Sutton Bank shall reimburse Manager for all such amounts. 

  
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	5.15	 FDIC Pass-Through Coverage 

With respect to all Cards eligible for pass-through federal deposit insurance coverage, Sutton Bank shall structure the Program Accounts in
which Cardholder Funds and Corporate funds are deposited in a manner sufficient to afford Cardholder Funds and Corporate Funds the benefits of pass-through federal deposit insurance coverage under Federal Deposit Insurance Corporation regulations,
including taking steps to maintain the Sutton Bank’s books and records in a manner that reflects that such Program Accounts and the Cardholder Funds contained therein are held in a fiduciary capacity on behalf of the relevant Cardholders.
Manager shall maintain books and records of Cardholders and Cardholder Funds balances so as to permit the Cardholder Funds on deposit in the applicable Program Accounts to qualify for pass-through federal deposit insurance coverage. In the event the
Cardholder Funds in the applicable Program Accounts are no longer eligible for pass-through federal deposit insurance coverage due to a change in Applicable Law or a directive from a Regulatory Authority, Sutton Bank will promptly notify Manager of
same. 
 ARTICLE VI - DISTRIBUTOR, MARKETER AND THIRD PARTY SERVICE PROVIDER AGREEMENTS 

 

	6.1	 Development of Distributor and Marketer Group 

(A) New Distributor and Marketer Selection. Subject to this Article VI, Manager may from time to time select new Distributors and
Marketers to participate in the Programs, following which Manager shall enter into Distribution and Service Agreements with such Distributors and a Marketing Agreement with such Marketers. Manager is hereby authorized to enter into agreements with
each Distributor and Marketer which set forth the terms by which such Distributors and Marketers shall be compensated for its marketing and sale of Cards, as applicable. Manager shall be responsible for administering the business relationships with
its Distributors and Marketers. 
 (B) Distributor Approval. No Distributor may participate in the Programs as a Distributor unless:
(i) Sutton Bank approves the Distributor’s application; and (ii) Manager and the Distributor (and if applicable, Sutton Bank) execute a Distribution and Service Agreement with Standard Terms that have been approved by Sutton Bank
pursuant to Section 6.1(C). 
 (C) Marketer Approval. Manager shall be entitled to retain Marketers to market the Programs
provided that: (i) each such Marketer meets the underwriting guidelines mutually agreed upon by the Parties, as may be amended from time to time; and (ii) Manager and the Marketer execute a Marketing Agreement with Standard Terms that have
been approved by Sutton Bank pursuant to Section 6.1(D). 
 (D) Distributor and Marketing Agreements. Manager will provide to
Sutton Bank the following standard terms to be incorporated into its Distribution and Service Agreements and Marketing Agreements for Sutton Bank’s review and approval prior to use: confidentiality and data security obligations, settlement
obligations, compliance obligations, Card security obligations, and obligations to obtain Sutton Bank approval for Programs and marketing materials and cooperate in Sutton Bank audits, as and to the extent applicable to Distributors or Marketers
(the “Standard Terms”). Any material deviations from the Standard Terms shall require the prior written consent of Sutton Bank, and any such modifications to any Standard Terms after it has been executed by the Distributor or
Marketer must be approved by Sutton Bank, such approval shall not be unreasonably withheld or conditioned, and Manager and Sutton Bank agree that it shall not be unreasonable for Sutton Bank to refuse a deviation from the Standard Terms or
modification to the Standard Terms of an existing Distribution and Service Agreement or 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
Marketing Agreement if Sutton Bank determines in its commercially reasonable judgment that such deviation or modification could expose Sutton Bank to legal or reputational risk, risk of lawsuit
or regulatory action, or otherwise would be inconsistent with Sutton Bank’s risk policies. Manager shall provide to Sutton Bank copies of all executed Distribution and Service Agreements and Marketing Agreements, including all amendments,
supplements and modifications thereof, promptly upon Sutton Bank’s written or e-mail request. 
  

	6.2	 Third Party Service Provider Agreement and Approval and Processing Services 

A Third Party Service Provider shall not provide services for the Programs unless such Third Party Service Provider is approved by Sutton Bank,
nor shall Manager permit or direct a Third Party Service Provider to integrate or communicate with any other third party to provide Critical Services in connection with the Program(s) (with the exception of the Third Party Service Provider’s
customary subcontracting relationships maintained in the ordinary course of business) without Sutton Bank’s prior written approval. Manager shall notify Sutton Bank in writing of any changes in Third Party Service Providers at least [***] prior
to entering into a contractual relationship with a new Third Party Service Provider and at least [***] days (or such shorter time or promptly following termination in the event of termination for cause) prior to terminating any contractual
relationship with any existing Third Party Service Provider. No material change in the scope of responsibilities of an approved Third Party Service Provider agreement may be made without Sutton Bank’s prior written approval. For avoidance of
doubt, except for Distributers, Marketers and Third Party Service Providers providing Critical Services in connection with this Amended Program Manager Agreement, Manager may engage a third party to assist Manager in performing its obligations
hereunder without obtaining Sutton Bank’s approval, provided Manager enters into a written agreement with such third party and provides Sutton Bank with the names and services performed by such third parties, as and to the extent reasonably
requested by Sutton Bank from time to time. 
 (A) Processing Services. Manager shall provide to designated Sutton Bank personnel
training on Processor’s systems to access all Program information and reports on Processor’s system relating to the Programs, subject to compliance with Manager’s network access and security policies and procedures. Notwithstanding
anything to the contrary contained in this Amended Program Manager Agreement, Sutton Bank shall have the right (but not the obligation), at any time following a material breach by Processor or direction from a Regulatory Authority, to assume
responsibility for the Processing Services and to perform through another third party designated by Sutton Bank, all services in connection therewith. Any third party and documented fees and expenses reasonably incurred by Sutton Bank in good faith
in connection with the exercise of its rights set forth in this Section shall be paid by the Manager and Sutton Bank shall [***]. Notwithstanding the foregoing, if Sutton Bank exercises its right to assume the responsibility for the Processing
Services, Manager shall have the right to terminate this Amended Program Manager Agreement pursuant to Article X. 
 (B) Approval of
Assumption of Responsibilities by Manager or its Affiliates. In the event that Manager or any of Manager’s Affiliates chooses to perform any of the functions that, as of the time of such choice or the Effective Date of this Amended Program
Manager Agreement (whichever is later), are being performed by any other Third Party Service Provider, Manager or such Affiliate, as applicable, must be approved by Sutton Bank, which approval shall not be unreasonably withheld, and must enter into
an appropriate agreement with Sutton Bank to provide such services. 

  
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	6.3	 Changes to Agreements 

Sutton Bank may in its commercially reasonable discretion require that Manager modify the Standard Terms in any Distribution and Service
Agreement, or Third Party Service Provider agreement, to reflect changes in Applicable Law or in response to a Criticism. In the event such a change occurs, Manager will notify affected counterparties of such change and any related changes in
procedures. If such changes will have a material adverse impact on Manager or otherwise require Manager to devote significant resources or incur significant costs or expenses, Manager shall promptly notify Sutton Bank in writing or via e-mail and Manager and Sutton Bank shall meet in good faith to mutually agree upon a resolution. If Manager and Sutton Bank cannot so agree on a resolution, then Manager or Sutton Bank may terminate the applicable
Program by providing the other Party with written notice no later than [***] following such the date of such meeting or other date as mutually agreed upon by the Parties. In such case, Manager shall still be obligated to [***] unless Manager elects
to terminate the entire Amended Program Manager Agreement pursuant to Sections 10.1 or 10.2. 
  

	6.4	 Compliance by Distributors, Marketers and Third Party Service Providers 

(A) Manager shall assist Sutton Bank by monitoring the conduct of Distributors, Marketers and Third Party Service Providers and their proper
compliance with respect to all aspects of their performance under the Programs, including without limitation their respective compliance with this Amended Program Manager Agreement, Applicable Laws and their respective Distributor, Marketer and
Third Party Service Provider agreements. 
 (B) Manager shall reimburse Sutton Bank for Losses incurred by Sutton Bank arising out of
Manager’s, a Distributor’s, a Marketer’s or a Third Party Service Provider’s actions, failures to act or failure to comply with Applicable Law, the Network Rules, this Amended Program Manager Agreement or the applicable
Distributor, Marketer or Third Party Service Provider agreement, to the extent such actions, failures to act or failure to comply relate to the Programs, unless such action or failure results from acting in accordance any policy, procedure or
instruction of Sutton Bank. 
  

	6.5	 Denial or Termination of Distributor, Marketer or Third Party Service Provider 

(A) Manager acknowledges and agrees that Sutton Bank’s decision whether to approve or reject any entity that is under consideration to
become a Distributor or Third Party Service Provider, and whether to continue permitting any Distributor, Marketer or Third Party Service Provider to participate in the Program, shall be final and that Sutton Bank may direct Manager to terminate any
Distributor, Marketer or Third Party Service Provider with respect to the Programs in the event that, in Sutton Bank’s commercially reasonable judgment, such Distributor, Marketer or Third Party Service Provider could expose Sutton Bank to
legal, financial, or reputational risk, risk of lawsuit or Criticism, otherwise engages in types of businesses or conduct that is inconsistent with Sutton Bank’s corporate philosophies or risk tolerance, or, in the case of a Third Party Service
Provider, fails to perform to reasonable industry standards. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 (B) Sutton Bank agrees to notify Manager in writing prior to the effective date of
termination of any Distributor or Marketer hereunder which notice will include an explanation of the grounds for the termination. To the extent Manager disagrees with Sutton Bank’s termination decision under this Section, Manager shall have the
opportunity to present countervailing facts or positions for reconsideration by Sutton Bank. Sutton Bank shall have sole final discretion on this issue, however. The notice period for termination of any Distributor or Marketer will be, in most
instances, [***] prior notice; however, Sutton Bank may require a shorter notice period of [***] when in Sutton Bank’s reasonable judgment additional time beyond [***] would materially increase Sutton Bank’s exposure. In instances
involving criminal or illegal activity or fraud, the Distributor or Marketer may be immediately suspended pending the effective termination date. 

(C) In the event Sutton Bank determines pursuant to the terms hereof to terminate an existing Distributor, Marketer or Third Party Service
Provider, Sutton Bank shall, subject to Applicable Law, cooperate with Manager to (i) transition the applicable service(s) to another Distributor or Third Party Service Provider, approved by Sutton Bank, or Program(s) undertaken with such
Distributor or Third Party Service Provider to another issuing bank, or (ii) such other action or plan as mutually agreed upon by Sutton Bank and Manager. 
  

	6.6	 Distributor and Third Party Service Provider Due Diligence, Training and Monitoring

 (A) Due Diligence. Prior to referring any entity to Sutton Bank to become, as applicable, a Distributor or
Third Party Service Provider, Manager shall perform a due diligence review and document such review of the entity and, as applicable, its principal owners and management, in accordance with any requirements provided by Sutton Bank and, with respect
to Third Party Service Providers, as otherwise is consistent with the FFIEC’s IT Examination Handbook (including the booklets therein entitled “Supervision of Technology Service Providers” and “Outsourcing Technology
Services”), as such handbook is amended from time to time (collectively, the “FFIEC Handbook”). 
 (B)
Financial and Other Monitoring. Manager shall perform periodic financial monitoring of all Distributors and Third Party Service Providers, such monitoring to be consistent with Applicable Law and the
pre-funding risk inherent in the relationship with such Distributor or Third Party Service Provider, including, but not limited to, the Network Rules and, in the case of any Third Party Service Provider, the
FFIEC Handbook. Manager shall request Distributors and Third Party Service Providers to furnish Sutton Bank with such financial and other information as Sutton Bank may from time to time reasonably request. Manager shall promptly notify Sutton Bank
of any information Manager receives that is reasonably likely to have a material adverse effect on the creditworthiness of any Distributor or Third Party Service Provider or that could affect a Distributor’s, Marketer’s or Third Party
Service Provider’s ability to meet its obligations under the Programs. Manager also shall promptly notify Sutton Bank in the event Manager determines that a Distributor, Marketer or Third Party Service Provider is engaged in any activities that
Manager believes may be reasonably likely to result in Criticism or material legal, financial or reputational risk to Sutton Bank or Manager or risk of lawsuit against Sutton Bank or Manager. 

(C) Security Measures and Controls. Manager shall periodically monitor each Distributor’s and Third Party Service Provider’s
operations, policies and procedures, such 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
monitoring to be consistent with the requirements and guidance reflected in the FFIEC Handbook, and shall contractually obligate each Distributor and Third Party Service Provider (to the extent
it may have access to Cardholder Data) to have proper security measures in place for the protection of Cardholder Data that are in compliance with Applicable Law, including, if applicable, the PCI-DSS as
implemented by the applicable Network. 
 (D) Training. Manager shall provide to each Distributor and Third Party Service Provider
that provides Cardholder-facing services (e.g., call center providers) all necessary and appropriate training and support required to implement the Programs, all in a form and substance reasonably satisfactory to Sutton Bank and in accordance with
Applicable Law and standard industry practices as such industry practices may evolve during the term of this Amended Program Manager Agreement. 

(E) Third Party Service Provider Site Certifications. If requested by Sutton Bank consistent with this Section or if required by Sutton
Bank or Applicable Law, Manager shall perform periodic site certifications reasonably satisfactory to Sutton Bank of each Third Party Service Provider in order to determine that such entity has proper facilities, equipment, licenses and permits to
perform its services related to the Program, in each case in accordance with the criteria established by Sutton Bank and communicated to Manager. Manager shall submit a written inspection report to Sutton Bank in connection with each such site
certification in such form as Sutton Bank shall reasonably designate, and Manager warrants that, as of the date of the submission of such inspection report to Sutton Bank, to the best of Manager’s knowledge, the report is true, correct,
complete and not misleading. Upon Manager’s determination that any information contained in any such inspection report is materially incorrect, incomplete, or misleading in any way, Manager shall promptly notify Sutton Bank of same. 

(F) Secret Shopping. Sutton Bank may from time to time reasonably require Manager to conduct a secret shopper program to monitor sales
of Cards by one or more Distributors in the manner mutually agreed upon by the Parties. Such secret shopping program will be designed to review the Distributor’s Card sales practices and merchandising. 

 

	6.7	 Existing Distributors, Marketers and Third Party Service Providers 

Manager shall provide Sutton Bank such information as reasonably requested with respect to all Distributors, Marketers and Third Party Service
Providers. To the extent Manager has existing relationships with “resellers” that offer Manager’s Cards services to third parties on Manager’s behalf, Sutton Bank agrees to review such “resellers” solely for purposes of
determining whether such “resellers” may become approved by Sutton Bank as Distributors hereunder. 
  

	6.8	 Access to Third Party Service Providers 

Manager hereby authorizes Sutton Bank, in connection with Sutton Bank’s routine oversight for the Programs, to (i) communicate
directly with any Third Party Service Provider, and (ii) to obtain from such Third Party Service Provider any reports and information relating to any Program that Sutton Bank deems necessary or appropriate, and Manager hereby authorizes Third
Party Service Providers to communicate directly with Sutton Bank and provide such reports and information to Sutton Bank; provided, however, that Sutton Bank will not exercise these rights to conduct or to allow Sutton Bank’s
auditors to conduct formal audits of the Third Party Service Providers. 

  
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	6.9	 Expenses and Liability 

Unless agreed upon otherwise by the Parties, Manager shall be responsible for all fees and expenses payable to each Distributor, Marketer and
Third Party Service Provider, and shall remain liable for any services performed by any Distributor, Marketer and Third Party Service Provider. A dispute between Manager and a Distributor, Marketer or Third Party Service Provider shall not relieve
Manager from performing any of its obligations hereunder. 
 ARTICLE VII - CARDHOLDER INFORMATION 

 

	7.1	 Ownership of Accounts, Cardholder Data and Program Materials 

Except as otherwise provided in this Amended Program Manager Agreement, as between the Parties, Sutton Bank shall own all Cardholder Data and
Cardholder Accounts, Cardholder Agreements and Program Materials and shall have all rights, powers and privileges with respect thereto subject to Sutton Bank’s agreement hereunder to transfer such records to a new sponsor bank upon termination
or expiration of this Amended Program Manager Agreement. During the Term, Manager may use Cardholder Data as expressly provided in this Amended Program Manager Agreement and in accordance with the Privacy Notices. Notwithstanding the foregoing, the
Parties agree that certain aspects of Cardholder Data shall be deemed to be the joint property and Confidential Information of both parties (or a Marketer or Distributor, as applicable), to the extent Manager (or the applicable Marketer or
Distributor) collects such information from Cardholders in the ordinary course of business and not solely in connection with the Program(s) (“Joint Cardholder Data”). Sutton Bank shall not, directly or indirectly, use, or
sell or otherwise transfer any right in or to, the Joint Cardholder Data other than as provided herein or as mutually agreed by the Parties. 
  

	7.2	 Sharing of Cardholder Data and Program Materials 

Notwithstanding anything to the contrary in this Amended Program Manager Agreement, sharing of any information between Manager and Sutton Bank
and the use thereof shall be subject to their respective privacy policies, Security Guidelines and Applicable Law. Subject to the limitations in this Section, upon Manager’s reasonable request, Sutton Bank shall provide Cardholder Data or
segments for use by Manager in connection with the discharge of Manager’s obligations or exercise of Manager’s rights under this Amended Program Manager Agreement or in accordance with the Privacy Policy. Except as provided in
Section 7.1, neither Manager not its Affiliates, Distributors, Marketers, or Third Party Service Providers may without the prior written consent of Sutton Bank disclose Cardholder Data or any segment thereof to any third party or Affiliate,
except to the extent permitted by this Amended Program Manager Agreement or required under Applicable Law. To the extent that Manager discloses Cardholder Data to one or more of its Affiliates, Third Party Service Providers, or Distributors or
permits such Affiliate(s), Third Party Service Provider(s), or Distributor(s) to use Cardholder Data in accordance with this Section, Manager agrees to cause such parties to comply with the provisions of this Article VII. 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

	7.3	 Data Obtained Independently by Manager 

Nothing contained in this Article VII or elsewhere in this Amended Program Manager Agreement shall apply to, limit or prohibit the use in any
manner of, any information or data owned or held by Manager or its Affiliates, or any Third Party Service Provider, Marketer or Distributor, or any of their respective Affiliates to the extent such information or data has been independently obtained
by Manager or its Affiliates from a source other than Sutton Bank, even if such information or data is duplicative of Cardholder Data. 
 ARTICLE VIII -
INFORMATION SECURITY AND CONFIDENTIALITY 
  

	8.1	 Cardholder Data Security 

(A) Each Party acknowledges and agrees that this Amended Program Manager Agreement constitutes an agreement for Manager to perform services for
Sutton Bank as contemplated in Title V of GLBA and the Privacy Regulations. Without limiting the generality of the terms of this Amended Program Manager Agreement, Manager and Processor each agree that they shall protect the privacy of Cardholder
Data to at least the same extent that Sutton Bank must maintain that confidentiality under GLBA and the Privacy Regulations. Without limiting the generality of the foregoing sentence, except as otherwise provided in any Program Schedule, neither
Manager nor Processor shall: 
 (i) use any Cardholder Data except to perform its obligations under this Amended Program
Manager Agreement (unless such Cardholder Data is used for Manager’s internal business purposes), or 
 (ii) disclose
any Cardholder Data other than to: 
  

	 	(a)	 any Network or any other entity to which disclosure is necessary in connection with the processing a
Transaction; 

  

	 	(b)	 a Third Party Service Provider in connection with a permitted use of such Cardholder Data under this
Section 8.1, provided that each such Third Party Service Provider agrees in writing to maintain all such Cardholder Data as strictly confidential in perpetuity and not to use or disclose such information to any person other than Sutton Bank,
Manager or Processor, except as required by Applicable Law or any Regulatory Authority (after giving Sutton Bank, Manager or Processor, as applicable, prior notice and an opportunity to defend against such disclosure) or as permitted under Sutton
Bank’s Privacy Policy; provided, further, that each such Third Party Service Provider maintains, and agrees in writing to maintain, an information security program that is designed to protect Cardholder Data and information related to
Transactions, and which complies with the requirements under the Network Rules, including but not limited to the requirement for such Third Party Service Provider, upon termination of any of its associated Card Programs, to securely destroy all
Cardholder Data in its possession associated with such Card Program as quickly as circumstances permit in accordance with best industry practices and provide a written notice to Sutton Bank that the destruction of the Cardholder Data has been
completed; 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

	 	(c)	 its employees, consultants, attorneys and accountants with a need to know such Cardholder Data in connection
with a permitted use of such Cardholder Data under this Section 8.1; provided that (1) any such person is bound by terms substantially similar to this Section 8.1 as a condition of employment or of access to Cardholder Data or by
professional obligations imposing comparable terms; and (2) such Party shall be responsible for the compliance by each such person with the terms of this Section 8.1; or 

 

	 	(d)	 any Regulatory Authority (1) in connection with an examination of any Party; or (2) pursuant to a
specific requirement to provide such Cardholder Data by such Regulatory Authority or pursuant to compulsory legal process; provided that such Party seeks the full protection of confidential treatment for any disclosed Cardholder Data to the extent
available under Applicable Law governing such disclosure, and with respect to clause (2), to the extent permitted by Applicable Law, such Party (x) provides at least [***] prior notice of such proposed disclosure to the other Parties if
reasonably possible under the circumstances, and (y) seeks to redact the Cardholder Data to the fullest extent possible under Applicable Law governing such disclosure. 

(B) During the Term of this Amended Program Manager Agreement, the Cardholder Data shall be owned by Sutton Bank and shall be subject to Sutton
Bank’s privacy policy set forth in each Privacy Notice, and the manner in which such Cardholder Data may be used, shared and disclosed by the Parties during the Term shall be as set forth herein or as addressed in the Program Schedule for each
particular Card Program, all in accordance with the Privacy Regulations and Applicable Law. Sutton Bank shall not, directly or indirectly, use, or sell or otherwise transfer any right in or to, the Cardholder Data other than as provided herein or as
mutually agreed by the Parties in a Program Schedule. Sutton Bank shall ensure that its privacy policy and each Privacy Notice permits, subject to Applicable Law, (i) Sutton Bank to share Cardholder Data with Manager, Processor and their
respective Third Party Service Providers, and (ii) Manager and Processor to use Cardholder Data in the manner described herein or as permitted by Applicable Law. 

(C) With respect to the sharing, use and disclosure of Cardholder Data following the expiration or termination of this Amended Program Manager
Agreement in its entirety or any Program Schedule, Manager shall securely destroy all Cardholder Data in its possession associated with such terminated Program Schedule(s) as quickly as circumstances permit in accordance with best industry practices
and provide a written notice to Sutton Bank that the destruction of the Cardholder Data has been completed. 

  
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 (D) Manager shall establish commercially reasonable administrative, technical and physical
safeguards for Cardholder Data in its control or possession from time to time. Such safeguards shall be designed for the purpose of: (i) insuring the security of such records and information, (ii) protecting against any known threats or
hazards to the security or integrity of such records and information; and (iii) protecting against unauthorized access to or use of such records and information that would result in substantial harm or inconvenience to any Cardholder;
(iv) ensure against the proper disposal of Cardholder Data. Such safeguards shall be established in accordance with Applicable Law, including, without limitation, Section 501 of GLBA and the Interagency Guidelines Establishing Standards
for Safeguarding Customer Information adopted pursuant to Section 501 of GLBA. 
 (E) Subject to any obligations placed upon Manager or
Processor by a law enforcement agency, such Party agrees to fully disclose to Sutton Bank any actual or suspected breach in security which results in unauthorized intrusions into such Party’s computer and other information systems that may
materially affect Sutton Bank and the Cardholders or otherwise may involve the potential unauthorized disclosure, access to, acquisition of, or other loss or use of Cardholder Data, including “sensitive customer information.” As soon as
such Party has reason to believe that it has a security breach, and in no event later than [***] after the discovery of any such breach, it shall notify Sutton Bank in writing and provide (to the extent Manager or Processor has the following
information): (i) a description of the breach or loss, including the data it occurred, (ii) the number of individuals or accounts affected and their states of residence, (iii) the information accessed, acquired, lost, or misused;
(iv) whether the breach or loss was computerized in nature or a paper loss, (v) whether such information was encrypted or unencrypted, (vi) whether encryption keys or passwords may have been compromised, and (vii) a description
of the steps taken to investigate the incident, secure systems or recover lost information, and prevent the recurrence of further security breaches or losses of the same type. For purposes of this subsection (E), “Sensitive Customer
Information” includes a consumer’s name, address, or telephone number in conjunction with the consumer’s social security number, driver’s license number, account number, credit or debit card number, or a personal
identification number or password that would permit access to the customer’s account, or any combination of components of customer information that would allow someone to log onto or access a customer’s account, such as a username and
password, or password and account number. In addition, in the event of an actual or suspected breach in security of Manager’s or Processor’s computer or other information systems, such Party agrees to permit an independent qualified third
party auditor to perform an investigation (including the installation of monitoring or diagnostic software or equipment) to locate the source and scope of the breach and provide Sutton Bank with any material Sutton Bank-related information that such
independent auditor discovers with respect to the breach, all at the expense of Manager or Processor respectively. 
 (F) Each Party has
designed and implemented an information security program that is designed to protect Cardholder Data and information related to Transactions that complies with the requirements under the Network Rules. At all times during the term of the Amended
Program Manager Agreement, each Party shall be in compliance with all information and data security requirements promulgated by the Network and applicable to card issuers (as set forth in the Network Rules) and the Interagency Guidelines
Establishing Standards for Safeguarding Customer Information (collectively the “Information Security Requirements”), as the same may be revised from time to time. Each Party shall provide the other Parties with copies of all
reports on compliance, quarterly and annual status forms and other reports filed by such Party with the Network in accordance with the Network Rules. 

  
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	8.2	 Confidential Information 

(A) Each Party acknowledges that it may receive Confidential Information of the other Parties. For purposes of this Amended Program Manager
Agreement, “Confidential Information” includes the terms of this Amended Program Manager Agreement, any customer information (other than Cardholder Data), financial data and budgetary or proprietary business information,
income or sales data or projections, customer lists, business operations, policies, procedures and techniques, advertising summary or tracking reports or other reports generated in accordance with this Amended Program Manager Agreement, schematics,
ideas, techniques, know how, concepts, development tools and processes, procedures, computer printouts, computer programs, design drawings and manuals, and improvements, patents, copyrights, technology, source codes, business methods, trade secrets
(including all intellectual property contained in the forgoing, or other intellectual property of any kind or nature, plans for future development and new product concepts, contemplated products, research, development, and strategies. Cardholder
Data shall not be Confidential Information, but rather shall be subject to the provisions of Section 8.1 above. The term “Confidential Information” shall not include information which, prior to delivery, (i) was already in the
recipient Party’s possession; (ii) is or becomes generally available to the public through lawful means, other than as the result of a disclosure by the recipient Party or its representatives; (iii) becomes available to a recipient
Party without confidential or proprietary restriction by a third party who rightfully possesses the information without confidential or proprietary restrictions; or (iv) the recipient Party can demonstrate that it was independently developed by
such recipient Party. Except as otherwise specifically provided in this Amended Program Manager Agreement, each Party agrees that it will not, publish, communicate, divulge, or disclose to any person, firm, or corporation any Confidential
Information of any other Party, except in the performance of the terms of this Amended Program Manager Agreement. No Party shall distribute any material labeled as “Visa Confidential” to outside parties without written authorization from
Visa. Each Party shall comply with all Applicable Law, including the PCI-DSS, in regards to all Confidential Information and Cardholder Data. 

(B) Each Party agrees that it will not use any Confidential Information of any other Party except (i) for the benefit of any other Party,
and (ii) as necessary to fulfill its obligations or exercise its rights under this Amended Program Manager Agreement, and only for such purposes and only for the time that it is necessary to do so, except to the extent it is otherwise permitted
under this Amended Program Manager Agreement. Each Party will take commercially reasonable security precautions, at least as great as the precautions it takes to protect its own Confidential Information and as may be required by Applicable Law, with
respect to the Confidential Information of any other Party which it receives and will disclose such Confidential Information only on a need to know basis and only to its subsidiary, agent or subcontractor who is obligated to treat such Confidential
Information in a manner consistent with all the obligations of this Amended Program Manager Agreement. Liability for damages due to disclosure of the Confidential Information by any such third party shall be with the Party that disclosed the
Confidential Information to the third party. Each Party shall promptly notify the other Parties upon discovery of any loss or unauthorized disclosure of the Confidential Information of any Party. This Section 8.2 supplements any separate
written confidentiality agreement or nondisclosure agreement between any of the Parties, and in the event any such agreement conflicts with the terms hereof, this Amended Program Manager Agreement shall control. 

  
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	8.3	 Required Disclosures 

In the event that the recipient of Confidential Information is requested or becomes legally compelled to disclose any Confidential Information
of any other Party ) pursuant to a subpoena or court order; a summons, order, demand or other judicial or governmental process issued by a Regulatory Authority; or in connection with any regulatory report, audit, inquiry or other request for
information from such a Regulatory Authority; or as required by Applicable Law, it is agreed that such recipient Party will provide the disclosing Party with prompt written notice of such request(s) to enable the disclosing Party to seek a
protective order to protect and preserve the confidential nature of the Confidential Information. In such event, each Party agrees that it will furnish only that portion of the Confidential Information which is legally required and will exercise
reasonable efforts to obtain reliable assurance that confidential treatment will be accorded to that portion of the Confidential Information and other information which is being disclosed. To the extent the recipient Party is prohibited from
notifying the disclosing Party of a subpoena, order, summons or demand, by the terms of same, the recipient Party shall exercise its reasonable efforts to narrow the scope of disclosure as provided in the forgoing sentence. Each Party shall
immediately notify the other upon discovery of any loss or unauthorized disclosure of the Confidential Information of any other Party. 
 ARTICLE IX -
SECURITY BREACHES; DISASTER RECOVERY 
  

	9.1	 Security Program 

In the event that Manager or any Third Party Service Provider accesses, stores, transmits or processes Cardholder Data, Manager shall, and
shall require any Third Party Service Providers to, as applicable, establish and maintain appropriate administrative, technical and physical safeguards designed to (i) protect the security, confidentiality and integrity of the Cardholder Data,
(ii) ensure against any anticipated threats or hazards to its security and integrity, (iii) protect against unauthorized access to or use of such information or associated records which could result in substantial harm or inconvenience to
any Cardholder or applicant, and (iv) ensure the proper disposal of Cardholder Data (collectively, the “Security Program”). At all times during the Term, (x) Manager shall use the same degree of care in protecting
the Cardholder Data against unauthorized disclosure as it accords to its other confidential customer information, but in no event less than a reasonable standard of care, and (y) the Security Program shall be in compliance with Applicable Law,
the Security Guidelines and all information and data security requirements promulgated by the Networks and applicable to card issuers (as set forth in the Network Rules), as the same may be revised from time to time. Any material change to the
Security Program by Manager shall be approved in advance by Sutton Bank. 
  

	9.2	 SSAE Report 

Manager shall provide to Sutton Bank on an annual basis the Statement on Standards for Attestation Engagements (“SSAE”)
No. 16, Reporting on Controls at a Service Organization. Manager shall also provide Sutton Bank with copies of all other reports on compliance, quarterly and annual status forms and other reports filed by Manager with any Network in
accordance with the Network Rules, if applicable. 

  
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	9.3	 Testing 

Manager’s Security Program shall be reviewed and tested internally at least annually, at Manager’s expense, in order to demonstrate
compliance with all Applicable Law, including documented policies and procedures and an internal audit and quality assurance program. Manager shall further cause, at its expense, independent testing of Manager’s Security Program, which testing
shall include, but is not limited to, penetration testing, vulnerability scans, and a PCI-DSS assessment performed by a qualified security assessor approved by the PCI Security Standards Council. The schedule
of such testings, audits and quality reviews shall be provided to Sutton Bank at least annually and results from each such tests, audits or reviews shall be promptly provided to Sutton Bank in writing in accordance with the schedule or upon the
request of Sutton Bank. 
  

	9.4	 Security Contact 

Each of the Parties has provided to the other Party the name and contact information of such Party’s designated primary and secondary
“Security Contact” appointed for the purpose of being contacted in connection with (i) any security breach or failure requiring immediate notification to a Party with respect to the unauthorized use or disclosure of
Cardholder Data or (ii) any use or disclosure of a Party’s Confidential Information except in the manner permitted by Article VIII. A Party may from time to time change its primary and secondary Security Contact by providing written notice
of such change in accordance with the notice requirements herein. In the event a named Security Contact is no longer in the employ of the applicable Party, or is otherwise unable or unwilling to perform the duties of a Security Contact as set forth
herein, then a replacement Security Contact shall be named by such Party as soon as possible but in no event later than [***] after the Security Contact has ceased employment with such Party or the occurrence of the event giving rise to such
Security Contact’s inability or unwillingness to perform such duties. Each Party shall further ensure that either the primary Security Contact or the secondary Security Contact is available at any given time to fulfill the purposes of this
Section, unless otherwise approved in advance in writing by the other Party. 
  

	9.5	 Storage of Information 

Manager will only store Cardholder Data and Program Records at its data center locations which have been approved by Sutton Bank (or in the
case of approved Distributors or Third Party Service Providers, the third party address approved by Sutton Bank). Any change of the location of a data center must be approved by Sutton Bank at least [***] in advance of Cardholder Data or
Confidential Information being stored at such new location. 
  

	9.6	 Notification 

Manager agrees that in the event there is a breach of security of Manager or any Third Party Service Provider resulting in unauthorized
disclosure of Cardholder Data or other Confidential Information of Sutton Bank, Manager will promptly, and in no event later than [***] after the discovery of any such breach, notify the primary, or if unreachable, the secondary Security Contact

  
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of Sutton Bank (as identified in Section 9.4) of such breach, the nature of such breach, and the corrective action taken to respond to the breach and shall take all steps at its own expense
to immediately limit, stop or otherwise remedy such misappropriation, disclosure or use, including, but not limited to, notification and cooperation and compliance with Regulatory Authority. Manager acknowledges and agrees that in the event of a
security breach, Sutton Bank shall engage an assessor to determine the extent of the breach. Manager shall give the assessor access to Manager’s facilities, records and personnel, as requested by the assessor, and shall be responsible for all
costs, expenses and fees of the assessor. Manager shall provide to Sutton Bank, upon receipt, any and all reports or documents prepared by or received from the assessor. 
  

	9.7	 Expense Reimbursement 

(A) Manager Reimbursement. If Manager or any Third Party Service Provider suffers a data security breach that results, in Sutton
Bank’s sole discretion, in the engagement of Sutton Bank resources to investigate and/or correct the breach Manager shall reimburse Sutton Bank for Sutton Bank’s reasonable expenses with respect to the following, except to the extent that
such breach was proximately caused by Sutton Bank’s gross negligence, or willful misconduct or fraud, or breach of Sections 3.2(B) or 3.2(D) of this Amended Program Manager Agreement: 

(i) providing notices and information regarding unauthorized access to Cardholder Data which results in the misuse of such
information, or the reasonable possibility that misuse of such information shall occur, involving any Cardholder Data which is attributable, in whole or in part, to Manager or any Distributor, Third Party Service Provider or Manager Affiliate to
(i) appropriate law enforcement agencies, Regulatory Authorities and Networks, and (ii) affected Applicants and Cardholders to the extent Sutton Bank deems such notices required by Applicable Law or as Sutton Bank otherwise deems necessary
or appropriate in the exercise of its commercially reasonable judgment; 
 (ii) providing fraud monitoring and consumer
report (credit report) monitoring services to affected Applicants and Cardholders to the extent Sutton Bank deems such services to be necessary or appropriate in the exercise of its commercially reasonable judgment; and 

(iii) replacing Cards or other access devices if Sutton Bank reasonably determines replacement is necessary as a result of such
unauthorized access to Cardholder Data which is attributable to Manager, its Affiliates or Distributors or Third Party Service Providers. Manager shall pay any such undisputed amounts within [***] of its receipt of Sutton Bank’s documentation
supporting such expense. Without limiting the foregoing, Manager shall reimburse Sutton Bank for any Losses incurred by Sutton Bank as a result of unauthorized access to Cardholder Data or Confidential Information through Manager or a Distributor or
Third Party Service Provider. 
  

	9.8	 Disaster Recovery Plan 

At all times during the Term and for so long as this Amended Program Manager Agreement remains in effect, Manager shall and shall require all
Third Party Service Providers to, prepare and maintain disaster recovery, business resumption, and contingency plans appropriate for the nature 

  
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and scope of the activities of and the obligations to be performed by Manager or any Third Party Service Providers hereunder. Manager shall ensure that such plans are sufficient to enable Manager
or the Third Party Service Provider to promptly resume, without giving effect to the Force Majeure provisions herein, the performance of its obligations hereunder in the event of a natural disaster, destruction of facilities or operations, utility
or communication failures or similar interruption in operations and shall ensure that all material records, including, but not limited to, Cardholder Data, are backed up in a manner sufficient to survive any disaster or business interruption. These
plans shall ensure that, without giving effect to the Force Majeure provisions herein, such resumption takes place no later than the timelines set forth in the aforementioned plans. Manager shall make available to Sutton Bank copies of all such
disaster recovery, business resumption, and contingency plans and shall obtain Sutton Bank’s prior written approval before making any material modifications to such plan. Manager and any Third Party Service Provider shall periodically, and no
less than annually, test such disaster recovery, business resumption, and contingency plans as may be appropriate and prudent in light of the nature and scope of the activities and operations of Manager and its obligations hereunder. Manager shall
further facilitate and cooperate with any requests by Sutton Bank to participate in, monitor or audit the annual testing process of Manager or a Third Party Service Provider under this Section. A complete report of the results of such annual testing
shall be promptly provided to Sutton Bank upon request. 
 ARTICLE X - TERM AND TERMINATION 

 

	10.1	 Term 

(A) Term. The initial term of this Amended Program Manager Agreement shall commence on the Effective Date and terminate at midnight on
the fifth (5th) anniversary of the Effective Date (the “Initial Term”), unless sooner terminated in accordance with the terms hereof. This Amended Program Manager Agreement shall be automatically renewed on the same terms and
conditions for a two (2) year term ( a “Renewal Term”) (the Initial Term, collectively with the Renewal Term, the “Term”) thereafter, unless any Party provides written notice to the other Parties
of its intent not to renew at least one hundred eighty (180) days prior to the expiration of the Initial Term or any Renewal Term then in effect. 

(B) Mutual Consent. This Amended Program Manager Agreement may be terminated at any time during the Term, without cost or penalty, by
mutual consent of Sutton Bank and Manager, or by either Party upon one hundred eighty (180) days prior written notice to the other Party. 
  

	10.2	 Termination for Cause 

(A) By Sutton Bank. Sutton Bank may terminate this Amended Program Manager Agreement at any time during the Term: 

(i) Immediately upon notice in the event of a breach or series of breaches by Manager of the Program Documents that are
material either individually or in the aggregate, if such breach or breaches are not cured within thirty (30) days after receipt by Manager of a written notice from Sutton Bank alleging breach and requiring Manager to cure such breach or
breaches; 

  
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 (ii) Immediately upon notice in the event Manager has failed to pay any
amounts to Sutton Bank when due as set forth in the Program Documents, and such amount is not paid within five (5) Business Days after Manager receives notice of such nonpayment; 

(iii) Immediately upon notice in the event (1) Manager is placed into conservatorship or receivership or proceedings are
commenced and remain unstayed for a period of at least thirty (30) days to wind up, dissolve, liquidate or reorganize Manager, (2) proceedings are instituted against Manager by or before any regulatory authority to terminate Manager’s
license or other regulatory approval or to cause any of Manager’s officers or directors to cease and desist from any alleged unsafe or unsound practice, (3) Sutton Bank, in its reasonable discretion, determines that there exists an
imminent and material threat to the security of Sutton Bank’s prepaid card services or any network accessed or operated by Sutton Bank, if applicable, as a result of any act or omission by Manager or an agent of Manager, including, without
limitation, Manager’s failure to comply with any Network Rules with respect to the issuer’s responsibilities for data security verification and certification, which could result in a substantial detriment to Sutton Bank, if applicable; or
(4) Sutton Bank, in its reasonable discretion, determines that Manager’s failure to comply with any provision of Applicable Law or any other requirements, including licensing requirements, imposed upon Manager by any federal or state
governmental authority has resulted in or may reasonably be expected to result in an imminent and material threat to Manager’s legal capacity to materially comply with Manager’s duties and obligations under the Program Documents; or 

(iv) Immediately upon notice in the event that Manager creates circumstances giving rise to a substantial risk of loss and/or
harm to the goodwill of any Network if such circumstances are not eliminated within thirty (30) days after receipt by Manager of a written notice from Sutton Bank alleging such circumstances and requiring Manager eliminate such circumstances.

 (B) By Manager. Manager may terminate this Amended Program Manager Agreement at any time during the Term immediately upon notice in
the event: (1) of a breach or series of breaches by Sutton Bank of the Program Documents that are material either individually or in the aggregate, if such breach or breaches are not cured within 30 days after receipt by Sutton Bank of a
written notice from Manager alleging breach and requiring Sutton Bank to cure such breach or breaches; (2) Sutton Bank is placed into conservatorship or receivership or proceedings are commenced and remain unstayed for a period of at least
thirty (30) days to wind up, dissolve, liquidate or reorganize Sutton Bank; (3) proceedings are instituted against Sutton Bank by or before any Regulatory Authority to terminate Sutton Bank’s ability to issue prepaid cards or other
regulatory approval or to cause any of Sutton Bank’s officers or directors to cease and desist from any alleged unsafe or unsound practice and such proceedings remain unstayed for a period of at least thirty (30) days; (4) Sutton Bank is
no longer an approved issuer of prepaid cards on any Network with respect to which a Card Program exists, (5) Sutton Bank has failed to pay any amounts to Manager when due as set forth in this Amended Program Manager Agreement or the Program
Documents, and such amount is not paid within fifteen (15) Business Days after Sutton Bank receives notice of such nonpayment; (6) Manager, in its reasonable discretion, determines that Sutton Bank’s failure to comply with any
provision of Applicable Law or any other 

  
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 CONFIDENTIAL AND PROPRIETARY 

 

 
requirements imposed upon Sutton Bank by any federal or state governmental authority has resulted in or may reasonably be expected to result in an imminent and material threat to Sutton
Bank’s capacity to materially comply with Sutton Bank’s duties and obligations under the Program Documents or this Amended Program Manager Agreement if such failure is not cured within 30 days after receipt by Sutton Bank of a written
notice from Manager describing the failure in commercially reasonable detail and requiring Sutton Bank to cure the failure; (7) Sutton Bank is determined to be in “troubled condition” (as such term is defined in or interpreted in
accordance with Applicable Law); (8) if Sutton Bank, together with its Affiliates, accumulates assets that, in the aggregate, are equal to, or greater than, [***], which will have the effect of removing Sutton Bank from the small issuer exemption
under 12 CFR Part 235.5(a)(1) or any successor provision; or (9) Sutton Bank is prohibited from adding volume to the Programs or adding new Programs in order to [***] due to a directive from a Regulatory Authority rendered against Sutton Bank
provided such directive is not attributable to the Program(s) or the actions or omissions of Manager or any Manager Contractor; provided such directive remains unstayed for a period of at least thirty (30) days; and provided Sutton Bank has not
agreed to [***] so long as the directive is outstanding. 
 (C) Change in Law. In the event that any material change in any Applicable
Law, or in the interpretation of such Applicable Law, makes continued performance by any party under the then-current terms and conditions of the Program Documents illegal and the Parties, using their reasonable best efforts, are unable to agree
upon modifications to the Program Documents to avoid such illegality, then any party may terminate this Amended Program Manager Agreement, without penalty, by written notice to the other Party, which notice will be effective upon the earlier to
occur of (i) the 90th day following delivery of the notice to the other Party or (ii) the effective date of such change in Applicable Law. To be effective, any written notice terminating this Amended Program Manager Agreement pursuant to
this Section 10.2(C) must include a detailed explanation and evidence of the illegality created as a result of such change in Applicable Law. 

(D) Other Remedies. In the event of any occurrence giving rise to a termination right under Section 10.2(A) above, Sutton Bank may
at its election, without exercising, waiving or limiting such termination right in connection with, such occurrence, elect to require that Manager cease selling or distributing new Cards and entering into new Programs. In addition, in the event that
any Client(s) fails to make any Settlement Payment or to maintain a required balance in the Settlement Account, Sutton Bank may suspend performance of any Sutton Bank obligations under the Program Documents if such Client fails to make the
Settlement Payment or maintain the required balance in the Settlement Account within two (2) Business Days after Client receives notification of such failure. 
  

	10.3	 Effect of Termination or Expiration 

(A) Actions to Give Effect to Termination. Upon any termination of this Amended Program Manager Agreement or expiration of the Term,
subject to Section 10.4, Sutton Bank and Manager will, as soon as reasonably practicable, execute such documents and do such things as may be reasonably necessary to give effect to the termination provisions of this Amended Program Manager
Agreement. 

  
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 (B) Survival of Obligations. Each party will continue to be responsible for any
obligations incurred under this Amended Program Manager Agreement or the other Program Documents prior to any termination of this Amended Program Manager Agreement or expiration of the Term, including but not limited to the obligation to pay any
amounts that accrued prior to termination or expiration of this Amended Program Manager Agreement that remain owed to the other party(ies) after such termination or expiration. 

 

	10.4	 Cessation of Card Sale and Distribution after Termination or Expiration 

Subject to Section 10.5, upon any expiration or termination of this Amended Program Manager Agreement or expiration of any Approved
Program, Manager will immediately cease selling or distributing (including the cessation of both direct sales and third party sales through Clients) Cards under this Amended Program Manager Agreement or the Approved Program, as applicable. 

 

	10.5	 Wind Down Period; Orderly Transition 

(A) General Obligations. Upon the expiration or termination of this Amended Program Manager Agreement, (i) Manager may elect to
either transition one or more Programs to an alternative card issuer designated by Manager (any such institution, a “Successor Bank”) in accordance with Applicable Law and pursuant to Section 10.5(B) or (ii) one or
more Programs may be wound down in accordance with Applicable Law and pursuant to Section 10.5(C). Each Party acknowledges that the main goals of the Wind Down Period are (in order or priority) (i) to benefit the Cardholders by minimizing
any possible burdens or confusion and (ii) to protect and enhance the names and reputations of the Parties, both of whom have invested their names and reputations in the Programs, the Programs and Cards issued hereunder. Unless otherwise
required by Applicable Law or any Regulatory Authority, upon the expiration or termination of this Amended Program Manager Agreement for any reason, the Parties agree to cooperate in good faith to wind down or transition each Program in a
commercially reasonable way as soon as reasonably possible to provide for a smooth and orderly transition or wind-down. Such cooperation will include continued acceptance of Cards presented for payment until such Cards expire or are cancelled as set
forth below, and continued provision of customer service to all outstanding Cardholders in accordance with the terms of this Amended Program Manager Agreement up until the Cards expire or are terminated. 

(B) Manager Transition Election. In the event that Manager elects to transition one or more Programs to a Successor Bank pursuant to
Section 10.5(A), Sutton Bank’s obligations shall include: (i) executing and delivering a transfer agreement containing terms and conditions generally consistent with banking industry practice (including customary representations,
warranties and obligations) for the transfer of the Programs and related BINs to the Successor Bank; and (ii) taking all other actions necessary to transfer the Programs and BINs to such Successor Bank. Sutton Bank’s documented reasonable out-of-pocket costs associated with the transition activities described in this Section shall be reimbursed by Manager within thirty (30) days of receipt of Sutton
Bank’s invoice therefore; provided that Sutton Bank has notified Manager of such costs prior to incurring such costs. 

  
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 (C) Wind-Down Plan. As soon as reasonably practicable after expiration of this Amended
Program Manager Agreement, or receipt of delivery of a termination notice with respect to this Amended Program Manager Agreement or one or more Programs, Manager shall provide to Sutton Bank in writing a proposed transition or wind-down plan,
detailing (i) whether the affected Program(s) are to be wound down or transferred to a Successor Bank; and (ii) a proposed timeline, which shall designate a date as of which the affected Programs shall be wound down or transferred from
Sutton Bank to a Successor Bank (“Switchover Date”). Sutton Bank and Manager shall meet promptly thereafter to review such proposed plan and to determine a mutually acceptable transition or wind-down plan (a “
Wind-Down Plan”); provided, however, that if Sutton Bank and Manager fail to reach mutual agreement on the Wind-Down Plan within thirty (30) days, Sutton Bank shall establish a Wind-Down Plan that is appropriate for the
affected Program(s) and that is, to the extent practicable, substantially similar to other wind- down plans used by Sutton Bank for other programs similar to the affected Program(s) hereunder, in which case such Wind-Down Plan shall be deemed to be
approved by Manager. The wind-down or transition of any affected Program(s) shall occur as soon as reasonably possible and in no event later than one hundred eighty (180) days after expiration of this Amended Program Manager Agreement;
provided, however, that such time period may extended by mutual written agreement of the Parties. 
 (D) Wind Down Period
General Obligations. During the Wind Down Period, the Parties shall continue to be bound by and comply with the terms of this Amended Program Manager Agreement and perform all of their obligations hereunder and shall remain liable for the
representations and warranties, covenants and indemnification obligations under this Amended Program Manager Agreement. If Sutton Bank determines in its sole discretion that Manager has failed to continue to provide customer service to the affected
Cardholders during the wind-down period in accordance with the terms of this Amended Program Manager Agreement, Manager shall take all necessary steps to either (i) effect the transfer to Sutton Bank of control of the toll free telephone
numbers and websites used by Manager with respect to such Program or (ii) redirect Cardholders using such telephone numbers and websites to such toll-free telephone numbers and websites as designated by Sutton Bank. 

(E) Further Assurances. Each Party shall; (i) give such further assurances to the Successor Bank and shall execute, acknowledge and
deliver all such acknowledgments, assignments and other instruments and take such further action as may be reasonably necessary and appropriate to effectively vest in the Successor Bank the full legal and equitable title to Sutton Bank’s rights
in any affected Program(s) being transitioned to the Successor Bank and (ii) make commercially reasonable efforts to assist the Successor Bank in the orderly transition of the sponsorship of the Program. The Parties agree to work in good faith
to assure a smooth transition of the Program and continuity of operations with respect to the Program. 
 ARTICLE XI - INDEMNIFICATION AND LIABILITY

  

	11.1	 Indemnification Obligation By Manager 

Manager covenants and agrees to indemnify and hold Sutton Bank, its Affiliates, and their respective officers, directors, employees, agents,
successors and permitted assigns (“Bank Indemnified Parties”) harmless against any Losses, arising out of third party Claims in connection with: 

  
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 (A) any failure on the part of Manager to perform or comply with any covenant or obligation
required to be performed or complied with by Manager under or pursuant to this Amended Program Manager Agreement, 
 (B) any inaccuracy,
breach or untruthfulness of any representation or warranty made by Manager under or pursuant to this Amended Program Manager Agreement, 

(C) any infringement or alleged infringement of any third party’s marks or intellectual property rights in connection with the Cards or
the Program or as a result of Sutton Bank’s use of the Manager Marks hereunder, 
 (D) any noncompliance with or violation of any
Applicable Laws (including without limitation with respect to Program Materials and Marketing Campaigns), the gross negligence or willful misconduct of Manager, or any of Manager’s Affiliates, employees, officers, directors, Distributors,
Marketers, Third Party Service Providers or agents, representatives or independent contractors (all such contractors, agents and representatives, including Distributors, Marketers and Third Party Service Providers, the “Manager
Contractors”), 
 (E) any wrongful acts or omissions of Manager or Manager Contractors in connection with the improper use of
Cardholder Data or in connection with the transfer of the Program(s) to a Successor Bank, 
 (F) any failure on the part of Manager or any
Manager Contractor to comply with or discharge any of its or their obligations, liabilities or other amounts due or owing by Manager or such Manager Contractor to any third party, including, in the case of Manager, due or owing to any Manager
Contractor, 
 (G) any unauthorized or fraudulent access to or use of Cardholder Data caused by the action or inaction, or intentional
misconduct of an employee of Manager or Manager Contractors, or arising from a security breach to computer systems maintained by Manager or maintained by Manager Contractors on behalf of Manager. 

(H) any Losses arising solely from the Sutton Bank’s failure to comply with the Applicable Law or a direction or requirement from a
Regulatory Authority or Network where such failure arose out of Manager’s failure to meet its obligations under this Amended Program Manager Agreement or to obtain and provide all information to Sutton Bank needed for Sutton Bank to comply,
unless Sutton Bank failed to inform Manager of the need for such actions or the need to cease taking such actions; or 
 (I) any
misrepresentation or false or misleading statement made by Manager or Manager Contractors to any Person, Regulatory Authority or legislative body regarding Sutton Bank, a Program, this Amended Program Manager Agreement or the terms or conditions
hereof. 

  
 - 49 - 

 CONFIDENTIAL AND PROPRIETARY 

 

	11.2	 Limited Exception and Conditions 

Manager’s indemnification obligations under Section 11.1 shall exclude any Losses, to the extent such Losses arise directly from
(A) an act of fraud, embezzlement or criminal activity by a Bank Indemnified Party, (B) the gross negligence, willful misconduct or bad faith by a Bank Indemnified Party, (C) failure of the Sutton Bank to comply with, or to perform
its obligations under, this Amended Program Manager Agreement, or (D) Losses arising from noncompliance with or violation of any Applicable Law by Manager or a Manager Contractor solely to the extent that such Parties acted in good faith in
accordance with Sutton Bank’s written instructions and/or requirements regarding Applicable Law. 
  

	11.3	 By Sutton Bank 

Sutton Bank covenants and agrees to indemnify and hold Manager, Manager Contractors, and each of their respective Affiliates, and their
respective officers, directors, employees, agents, and permitted assigns (the “Manager Indemnified Parties”) harmless against any Losses, arising out of third party Claims in connection with: 

(A) any failure on the part of Sutton Bank to perform or comply with any covenant or obligation required to be performed or complied with by
Sutton Bank under or pursuant to this Amended Program Manager Agreement, 
 (B) any inaccuracy, breach or untruthfulness of any
representation or warranty made by Sutton Bank under or pursuant to this Amended Program Manager Agreement, 
 (C) any infringement or
alleged infringement of any third party’s marks or intellectual property rights as a result of Manager’s use of the Sutton Bank Marks hereunder, 

(D) the gross negligence or willful misconduct of Sutton Bank or its employees, officers, directors, vendors, agents, representatives or
independent contractors (excluding Manager or Manager Contractors), 
 (E) any wrongful acts or omissions of Sutton Bank in connection with
the improper use of Cardholder Data or in connection with the transfer of Network responsibilities hereunder to a Successor Bank, in each case excluding any Losses to the extent such Losses arise from the acts or omissions of Manager, including any
failure to comply with the terms of this Amended Program Manager Agreement, 
 (F) any unauthorized or fraudulent access to or use of
Cardholder Data caused by the gross negligence or intentional misconduct of an employee of Sutton Bank or of its Affiliates, or arising from a security breach to computer systems maintained by Sutton Bank or maintained by third parties (other than
Manager or a Manager Contractor) on behalf of Sutton Bank; or 
 (G) any misrepresentation or false or misleading statement made by Sutton
Bank or its Affiliates to any Person, Regulatory Authority or legislative body regarding Manager, a Program, this Amended Program Manager Agreement or the terms or conditions hereof. 

 

	11.4	 Limited Exception and Conditions 

Sutton Bank’s indemnification obligations under Section 11.3 shall exclude any Losses to the extent such Losses arise directly from
(A) an act of fraud, embezzlement or criminal activity by a Manager Indemnified Party, (B) the gross negligence, willful misconduct or bad faith by a Manager Indemnified Party, or (C) failure of the Manager to comply with, or to
perform its obligations under, this Amended Program Manager Agreement. 

  
 - 50 - 

 CONFIDENTIAL AND PROPRIETARY 

 

	11.5	 Defense of Claims 

(A) Notice. If any Claim is commenced that may give rise to a right of indemnification, or any knowledge is received of a state of facts
which, if not corrected, may give rise to a right of indemnification, the indemnified party shall give prompt written notice to the indemnifying party. The failure to give such notice shall not, however, relieve the indemnifying party of its
indemnification obligations except to the extent that the indemnifying party is actually harmed thereby. 
 (B) Right to Defend Claim.
The indemnifying party shall have the right to defend any such Claim in its name and at its expense, shall select the counsel for the defense of such Claim as approved by the indemnified party, which approval shall not be unreasonably withheld or
delayed, and shall cooperate with the indemnified party in the conduct of the defense against such Claim; provided, however, that the indemnifying party shall not have the right to defend any such Claim if (i) it fails to employ
appropriate counsel approved by indemnified party to assume the defense of such Claim or refuses to replace such counsel upon the indemnified party’s reasonable request; (ii) the indemnified party advises the indemnifying party that there
are issues which could raise possible conflicts of interest between the indemnifying party and the indemnified party or that the indemnified party has claims or defenses that are separate from or in addition to the claims or defenses of the
indemnifying party; or (ii) such Claim seeks an injunction or cease and desist order; provided further, that Manager may not, as an indemnifying party or otherwise, defend against a Claim or select the counsel for the defense of a Claim if the
Claim was brought by a Regulatory Authority. If the Parties are unable to resolve the issue, then the matter will be resolved in accordance with Section 12.2. In each such case set forth in this Section 11.5, the indemnified party shall
have the right to direct the defense of the Claim and retain its own counsel, and the indemnifying party shall pay the cost of such defense, including reasonable attorneys’ fees and expenses. 

(C) Indemnifying Party Election. If the indemnifying party elects and is entitled to compromise or defend such Claim it shall within
thirty (30) days (or sooner, if the nature of the Claim so requires) notify the indemnified party of its intent to do so, and the indemnified party shall, at the expense of the indemnifying party, cooperate in the defense of such Claim. In such
case, the indemnified party shall have the right to participate in the defense of any Claim with counsel selected by it. Except as provided in this Article, the fees and disbursements of such counsel shall be at the expense of the indemnified party.

 (D) Indemnifying Party Obligation. The indemnifying party shall have no obligation to pay the monetary amount of the settlement of
any Claim entered into by the indemnified party without the prior written consent of the indemnifying party (which consent shall not be unreasonably withheld or delayed). Notwithstanding the indemnifying party’s right to direct the defense
against any Claim, the indemnifying party shall not have the right to compromise or enter into an agreement settling any claim, suit, demand or action without the prior written consent of the indemnified party (which consent shall not be
unreasonably withheld or delayed). 

  
 - 51 - 

 CONFIDENTIAL AND PROPRIETARY 

 

	11.6	 No Special Damages 

UNLESS OTHERWISE AGREED, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE FOR ANY INDIRECT,
INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, EVEN IF SUCH PARTY HAS KNOWLEDGE OF THE POSSIBILITY OF SUCH DAMAGES ARISING FROM OR RELATED TO THIS AMENDED PROGRAM MANAGER AGREEMENT;
PROVIDED, HOWEVER, THAT THE LIMITATIONS SET FORTH IN THIS SECTION SHALL NOT APPLY TO OR IN ANY WAY LIMIT THE INDEMNITY OBLIGATIONS UNDER THIS AMENDED PROGRAM MANAGER AGREEMENT. 

 

	11.7	 Disclaimers of Warranties 

ALL SERVICES PROVIDED BY THE PARTIES HEREUNDER ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND EXCEPT AS EXPRESSLY
STATED IN THIS AMENDED PROGRAM MANAGER AGREEMENT EACH PARTY SPECIFICALLY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, ARISING OUT OF OR RELATED TO THIS AMENDED PROGRAM MANAGER AGREEMENT, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF
MARKETABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT, AND IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE, EACH OF WHICH IS HEREBY EXCLUDED BY AGREEMENT OF THE
PARTIES. 
 ARTICLE XII - GENERAL 
  

	12.1	 Assignment 

No party may assign this Amended Program Manager Agreement without the express written consent of the other party. 

 

	12.2	 Dispute Resolution; Governing Law 

(A) In the event of any dispute, controversy, or claim arising out of or relating to this Amended Program Manager Agreement or the
construction, interpretation, performance, breach, termination, enforceability or validity thereof (hereinafter, a “Dispute”), the Party raising such Dispute shall notify the other promptly and no later than sixty
(60) days from the date of its discovery of the Dispute. In the case of a Dispute relating to account or Transaction statements or similar matter, the failure of a Party to notify the other Party of such Dispute within sixty (60) days from
the date of its receipt shall result in such matter being deemed undisputed and accepted by the Party attempting to raise such Dispute. 

(B) The Parties shall cooperate and attempt in good faith to resolve any Dispute promptly by negotiating between persons who have authority to
settle the Dispute and who are at a higher level of management than the persons with direct responsibility for administration and performance of the provisions or obligations of this Amended Program Manager Agreement that are the subject of the
Dispute. 

  
 - 52 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 (C) This Amended Program Manager Agreement shall be governed by, construed and enforced in
accordance with the laws of the State of Ohio, without regard to that state’s conflict of laws principles. Jurisdiction and venue for the formal resolution of any disputes relating to this Amended Program Manager Agreement shall lie exclusively
in the Federal and State Courts of Ohio any such claims shall be governed by Ohio law without giving effect to any choice of law rules. Each Party agrees that service of process in any action or proceeding hereunder may be made upon such Party by
certified mail, return receipt requested, to the address for notice set forth herein. 
 (D) EACH PARTY ALSO, KNOWINGLY AND WILLINGLY, AND
FOLLOWING CONSULTATION WITH COUNSEL, HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY RIGHT TO A TRIAL BY JURY IN CONNECTION WITH ANY DISPUTE ARISING UNDER THIS AMENDED PROGRAM MANAGER AGREEMENT. 

 

	12.3	 Entire Agreement; Amendments 

This Amended Program Manager Agreement and the other Program Documents constitute the entire agreement of the parties with regard to the
specific subject matter thereof and supersede all prior written and/or oral understandings between the parties. Except as otherwise expressly provided herein, this Amended Program Manager Agreement may not be amended, modified or changed in any way
except by a written instrument executed by an authorized representative of each party. Notwithstanding any other term or provision of this Section 12.3, in the event Sutton Bank and Manager agree to establish an additional Approved Program
under this Amended Program Manager Agreement, as described in Section 3.1(F), the terms and conditions of the applicable exhibits to this Amended Program Manager Agreement will be updated to reflect the terms of the new Approved Program (as
reflected in the Sutton Bank -approved Program Application Form and on Schedule 2.1 hereto) without further execution by any party, and such additional Approved Program shall be governed by the terns of this Amended Program Manager Agreement and the
other Program Documents. 
  

	12.4	 Counterparts 

This Amended Program Manager Agreement may be executed in counterparts, each of which will be deemed an original and both of which together
will constitute one instrument. 
  

	12.5	 Third Party Beneficiaries 

This Amended Program Manager Agreement is for the sole and exclusive benefit of the Parties and nothing in this Amended Program Manager
Agreement will be construed to grant to any Person (other than the Parties, and their respective successors and permitted assigns) any right, remedy or claim under or in respect of this Amended Program Manager Agreement or any provision hereof;
provided however that Sutton Bank’s subsidiaries and affiliates used by Sutton Bank in connection with any Program are each intended third party beneficiaries of all rights and protections, including limitations of liability and
indemnification, to which Sutton Bank is entitled under the Program Documents. 

  
 - 53 - 

 CONFIDENTIAL AND PROPRIETARY 

 

	12.6	 Survival 

Upon later of any termination of this Amended Program Manager Agreement, Switchover Date or any Wind Down Period, the Parties will retain any
rights or remedies available to such party under this Amended Program Manager Agreement or in law or at equity. Subject to any specific limitations on survival set forth herein, the following Articles and Sections of this Amended Program Manager
Agreement will survive the termination or expiration of this Amended Program Manager Agreement in accordance with their terms: Sections 12.2 and 12.3, Sections 12.5 through 12.8, Article I, Article IV, Article VII, Article VIII, Article X and
Article XI. 
  

	12.7	 Force Majeure 

No Party shall be liable for any failure or delay on its part to perform, and shall be excused from performing any of its non-monetary obligations hereunder if such failure, delay or non-performance results in whole or in part from any cause beyond the absolute control of the party, including any
act of God, act of war, riot, actions of terrorists, earthquake, fire, explosion, natural disaster, flooding, embargo, sabotage each a “Force Majeure Event”); provided, however, that the Party suffering the
Force Majeure Event shall immediately implement its Disaster Recovery Plan. A Party desiring to rely upon any of the foregoing as an excuse for failure, default or delay in performance shall, when the cause arises, give to the other Party prompt
notice in writing of the facts which constitute such cause, and, when the cause ceases to exist, give prompt notice thereof to the other Party. This Section 12.7 shall in no way limit the right of a Party to this Amended Program Manager
Agreement to make any claim against third parties for any damages suffered due to said cause. 
  

	12.8	 Specific Performance 

The Parties acknowledge and agree that the remedy at law for any breach by either Party of its confidentiality covenants and obligations under
Article VIII of this Amended Program Manager Agreement is inadequate and that the non-breaching Party, in addition to any other relief available to it, will be entitled to specific performance by the breaching
Party to the extent permitted by Applicable Law. 
  

	12.9	 Representation 

Each party acknowledges that it has been duly represented by counsel of its choice and fully understands all terms of this Amended Program
Manager Agreement. No assumption or inference will be made or granted based on drawer or drafter of this Amended Program Manager Agreement, the Network Rules, and all other Program Documents. 

[Signatures on Following Page] 

  
 - 54 - 

 CONFIDENTIAL AND PROPRIETARY 

EXECUTION COPY 
  

 IN WITNESS WHEREOF, with the intention to be bound by the terms of this Amended Program
Manager Agreement, the Parties have executed this Amended Program Manager Agreement as of the day and year first above written by causing their respective authorized representatives to sign where indicated below. 

 

									
	SUTTON BANK	 	        	  	[MANAGER] MARQETA, INC. 
					
	By:	 	 /s/ J. Anthony Gorrell
	 		  	By:	  	 /s/ Omri Dahan

	Title: EVP & CFO	 		  	Title: Chief Revenue Officer
			
	Address for Notices:	 		  	Address for Notices:
			
	 SUTTON BANK 

1 S. MAIN ST., PO BOX 505

ATTICA, OHIO 44807

ATTN: J. ANTHONY GORRELL, EVP & CFO

FACSIMILE: [***]
	 		  	 MARQETA, INC.

6201B DOYLE ST.

EMERYVILLE, CALIFORNIA 94608

ATTN: ERIC BACHMAN, COO

FACSIMILE: [***]

 CONFIDENTIAL AND PROPRIETARY 

EXECUTION COPY 
  

 SCHEDULE 2.1 

APPROVED PROGRAMS 
 Program 1 

 

					
	Program Name/Description
	
	MARQETA
			
	Issuer	  	Client	  	Program Expiration Date
			
	SUTTON BANK	  	MARQETA	  	

 Program 2 
  

					
	Program Name/Description
			
	Issuer	  	Client	  	Program Expiration Date

 IN WITNESS WHEREOF, each of Manager and Sutton Bank hereby acknowledges and agrees that this Schedule
2.1[_], executed as of this ____ day of _________, 20__, is intended to supplement and be incorporated into that certain Amended Program Manager Agreement entered into by the parties as of __________________________, 20__. 

 

			
	Sutton Bank	  	Manager
		
	  
	  	  

	By: Tony Gorrell	  	By:
	Title: EVP, CFO	  	Title:

 CONFIDENTIAL AND PROPRIETARY 

EXECUTION COPY 
  

 EXHIBIT A 

PROGRAM APPLICATION FORM 

[Separately provided] 

 CONFIDENTIAL AND PROPRIETARY 

EXECUTION COPY 
  

 EXHIBIT B 

SUTTON BANK PREPAID CARD SERVICES 
  

	1.	 Sponsor Programs with Networks, including obtaining all required Network approvals.

  

	2.	 Comply with all Network Rules pertaining to issuing financial institution 

 

	3.	 Oversee and review all aspects of Programs with respect to compliance with all Applicable Law pertaining
issuing prepaid cards 

  

	4.	 Manage Program Accounts 

 

	5.	 Implement new programs with Networks 

 

	6.	 Issuing Cards for Approved Programs in accordance with the applicable Program Schedule and Cardholder
Agreement 

  

	7.	 Approving each Program and Additional Products that may be provided under each Program or any non-financial products or services requiring Bank approval that may be offered to Cardholders in accordance with the terms of this Amended Program Manager Agreement 

 

	8.	 Approving all new Program Due Diligence Application Forms, Program Schedules, Cardholder Agreements,
Program Materials and Marketing Campaigns and any changes to a such documents in accordance with Sections 3.1(B), 3.1(C), 3.1(F) and 3.1(G) of the Amended Program Manager Agreement. 

 

	9.	 In accordance with Section 5.4, approving Manager’s BSA/AML/OFAC Procedures;

  

	10.	 Providing Manager with any notifications received from a Network (other than PCI Standards) with respect
to any Program or any changes in Network Rules 

  

	11.	 Working closely with Manager to develop and enhance the Programs to meet Bank’s strategic
objectives and goals, including by reviewing, assessing and approving in its commercially reasonable discretion, any modifications proposed by Manager 

  

	12.	 Upon reasonable request by Manager, providing Manager with any reconciliation reports for each Program
Account maintained by Manager at Bank, and, to the extent Program funds flow through a non-Manager Program Account at Bank, reconciliation reports for each such Account. 

 CONFIDENTIAL AND PROPRIETARY 

 

 EXHIBIT C 

[***] 

 CONFIDENTIAL AND PROPRIETARY 

 

 EXHIBIT D 

MANAGER SERVICES 
 The following is a
general description of the Services to be provided by Manager on Sutton Bank’s behalf, either in-house or through Third-Party Service Providers. Where an inconsistency exists between the general
descriptions of Services to be provided to Sutton Bank under this Amended Program Manager Agreement and the specific descriptions contained in any other documentation, including correspondence, operations manuals, procedures manuals, or
implementation manuals (other than an inconsistency consisting solely of a greater degree of detail in such documentation than in this Amended Program Manager Agreement), the provisions of this Amended Program Manager Agreement shall control. No
such material change to the Services shall be effective without Sutton Bank’s prior written consent. 
 Processing all applications and establishing
all Cardholder Accounts on behalf of Sutton Bank, including, but not limited to: 
 - providing Cardholder Agreements; 

- application of Sutton Bank’s rules to incoming Card applications 

- submitting to Sutton Bank applications for approval 
 -
providing information to Processor to establish the Cardholder Accounts 
 - collecting and maintaining Cardholder identification 

- screening Cardholder applicants for compliance purposes 
 -
conducting initial review of all Cardholder Accounts to ensure compliance with BSA/AML/OFAC laws and directives 
 - authorizing Card Activation 

- setting of PIN 
 Card creation, production and shipment,
including: 
 - Card design 
 - purchase and safekeeping of
plastic stock 
 - embossing and encoding of Cards 
 - printing
of Card carriers 
 - mailing or other delivery of Cards 
 -
preparation and mailing of all other documents required or otherwise to be sent to Cardholders 
 - providing monthly and other periodic account statements

 - customer service in accordance with the terms of this Amended Program Manager Agreement 

- all other Program-related mailings to Cardholders including shipping costs and postage 

- any other services necessary or desirable to effectuate the Program or as agreed upon by Sutton Bank and Manager from time to time. 

Back office support functions, including: 
 - individual
Cardholder Account maintenance 
 - Transaction and payment authorization, decline, processing, clearing and settlement and all accounting relating to Cards

 - statement preparation and issuance 

 CONFIDENTIAL AND PROPRIETARY 

 

	 	•	 	 clearing and Settlement 

 

	 	•	 	 balancing and reconciling 

 

	 	•	 	 fraud prevention and security control 

 

	 	•	 	 data capture and reporting and information management services 

 

	 	•	 	 providing Sutton Bank with reports detailing transactions and servicing with respect to each Program or
Additional Product marketed by Manager on behalf of Sutton Bank as may be mutually agreed upon by the Parties from time to time at no additional cost to Sutton Bank within the reasonable capacity of Manager; 

 

	 	•	 	 exercising commercially reasonable efforts to monitor changes in Applicable Law related to the Programs and
notifying Sutton Bank of any such changes of which Manager becomes aware that may impact Sutton Bank and the Programs in a material manner 

  

	 	•	 	 providing appropriate notices to Sutton Bank as required hereunder 

 

	 	•	 	 helpdesk and technical support for Sutton Bank 

Customer Service, including: 
  

	 	•	 	 Cardholder account and Transaction dispute processing and resolution, and any other informal disputes or
resolutions as needed from the Cardholder, as promptly as commercially reasonable, and not later than full resolution within sixty (60) days 

  

	 	•	 	 Lost and stolen Card reporting processing and disbursing Cardholder refunds on behalf of Sutton Bank for each
Program in accordance with Applicable Law 

  
 - D - 2 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 FIRST AMENDMENT TO THE AMENDED AND RESTATED PREPAID CARD PROGRAM MANAGER AGREEMENT 

THIS FIRST AMENDMENT TO THE AMENDED AND RESTATED PREPAID CARD PROGRAM MANAGER AGREEMENT (“First Amendment”) is made by and
between Marqeta, Inc., a Delaware corporation, whose address is 180 Grand Avenue, Oakland, CA 94612 (“Marqeta”) and Sutton Bank, an Ohio chartered bank corporation, its subsidiaries and affiliates, whose main address is 1 South Main
St. Attica, OH 44807 (“Sutton Bank”). This First Amendment amends the Amended and Restated Prepaid Card Program Manager Agreement with an effective date of April 1, 2016 (“Agreement”). This First Amendment
shall be effective as of the last date executed by a Party below (“First Amendment Effective Date”). Capitalized terms which are not defined herein shall be defined as set forth in the Agreement. 

For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties hereto agree to make the following
changes to the Agreement: 
  

	 	1.	 The first sentence in Section 10.1(A) to the Agreement “Term” shall be deleted in its entirety
and restated as follows, if the First Amendment Effective Date is December 1, 2017: 

 The initial term of this
Amended Program Manager Agreement shall commence on the Effective Date and terminate at midnight on the seventh (7th) anniversary of the Effective Date (the “Initial Term”), unless sooner terminated in accordance with the
terms hereof. 
  

	 	2.	 The updated revenue sharing and fees set forth herein shall be effective beginning December 1, 2017.

  

	 	3.	 Exhibit C to the Agreement, section titled “[***]” is deleted and restated as follows:

 [***] 
  

	 	4.	 Exhibit C to the Agreement, section titled “[***]” is deleted and restated as follows:

 [***] 
  

	 	5.	 The following section titled “[***]” shall be added to Exhibit C to the Agreement:

 [***] 
  

	 	6.	 This First Amendment and the Agreement constitute the entire agreement between the Parties and supersede any
other agreements between the Parties in regard to the subject matter hereof. 

  

	 	7.	 Prior to the First Amendment Effective Date, Marqeta will provide Sutton Bank evidence of its waiver from the
Pulse network for PINLESS eCommerce. 

  

	 	8.	 Before January 31, 2018, Marqeta and Sutton will meet in good faith to agree on [***].

 CONFIDENTIAL AND PROPRIETARY 

 

	 	9.	 This First Amendment may be executed by the Parties in separate counterparts and transmitted by fax or e-mail of a scanned copy, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same Agreement. 

IN WITNESS WHEREOF, the Parties have by their duly authorized representatives executed this First Amendment as of the dates set forth below.

  

									
	Sutton Bank	  		 	Marqeta, Inc.
					
	By:	 	  
	  		 	By:	 	  

	Name:	 	  
	  		 	Name:	 	  

	Title:	 	  
	  		 	Title:	 	  

	Date:	 	  
	  		 	Date:	 	  

 CONFIDENTIAL AND PROPRIETARY 

 

 SECOND AMENDMENT TO THE AMENDED AND RESTATED PREPAID CARD PROGRAM MANAGER AGREEMENT

 THIS SECOND AMENDMENT TO THE AMENDED AND RESTATED PREPAID CARD PROGRAM MANAGER AGREEMENT (this “Second Amendment”) is
made by and between Marqeta, Inc., a Delaware corporation, whose address is 180 Grand Avenue, Oakland, CA 94612 (“Manager”) and Sutton Bank, an Ohio state-chartered bank corporation, its subsidiaries and affiliates, whose main
address is 1 South Main St., Attica, OH 44807 (“Sutton Bank”). This Second Amendment amends the Amended and Restated Prepaid Card Program Manager Agreement, effective as of April 1, 2016, as amended by the First Amendment to
the Amended and Restated Prepaid Card Program Manager Agreement, effective as of December 21, 2017 (as amended, the “Agreement”). This Second Amendment shall be effective as of September 1, 2018 (the “Amendment
Effective Date”). Capitalized terms which are not defined herein shall be defined as set forth in the Agreement. 
 For good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties hereto agree to make the following changes to the Agreement: 
  

	 	1.	 The definition of “[***]” in Section 1.2 of the Agreement “Definitions” is deleted and
restated as follows: 

 “[***]” means [***]. 

 

	 	2.	 The first sentence in Section 10.1(A) of the Agreement “Term” is deleted and restated as
follows: 

 The initial term of this Amended Program Manager Agreement shall commence on the Effective Date and terminate
at midnight on the seventh (7th) anniversary of the Amendment Effective Date (the “Initial Term”), unless sooner terminated in accordance with the terms hereof. 

 

	 	3.	 The following Section 10.2(E) shall be added to Section 10.2 of the Agreement “Termination for
Cause”: 

 (E) Early Termination Fee. In the event Manager unilaterally terminates this Amended
Program Manager Agreement for any reason other than those set forth in Section 10.2(B) or 10.2(C), Manager shall pay an early termination fee based on the time remaining in the Term, as set forth in Exhibit C. The Parties acknowledge and agree
that the early termination fee payable under this Section 10.2(E) constitutes liquidated damages and not a penalty, and is in addition to all other rights of Sutton Bank, including the right to specific performance under Section 12.8 of
this Amended Program Manager Agreement. The parties further acknowledge that (i) the amount of loss or damages likely to be incurred is incapable or is difficult to precisely estimate and (ii) the early termination fee provided hereunder
bears a reasonable relationship to, and is not plainly or grossly disproportionate to, the probable loss likely to be incurred in connection with any early termination by Manager. 

 

	 	4.	 Exhibit C to the Agreement is deleted and restated in its entirety in the form attached hereto.

  
 - 1 

 CONFIDENTIAL AND PROPRIETARY 

 

	 	5.	 All provisions of the Agreement, as expressly amended and modified by this Second Amendment, shall remain in
full force and effect. After this Second Amendment becomes effective, all references in the Agreement referring to the Agreement shall be deemed to be references to the Agreement as amended by this Second Amendment. This Second Amendment shall not
be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein. 

  

	 	6.	 This Second Amendment may be executed by the Parties in separate counterparts and transmitted by fax or e-mail of a scanned copy, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same Agreement. 

IN WITNESS WHEREOF, the Parties have by their duly authorized representatives executed this Second Amendment as of the dates set forth below. 

 

									
	Sutton Bank	  		 	Marqeta, Inc.
					
	By:	 	 /s/ J. Anthony Gorrell
	  		 	By:	  	 /s/ Omri Dahan

	Name:	 	J. Anthony Gorrell	  		 	Name:	  	Omri Dahan
	Title:	 	EVP & CFO	  		 	Title:	  	Chief Revenue Officer
	Date:	 	Nov 2,2018	  		 	Date:	  	Nov 2, 2018

  
 - 2 - 

 CONFIDENTIAL AND PROPRIETARY 

 

 EXHIBIT C 

[***] 

  
 -1- 

 CONFIDENTIAL AND PROPRIETARY 

 

 Third Amendment to Prepaid Card Program Manager Agreement 

THIS THIRD AMENDMENT TO AMENDED AND RESTATED PREPAID CARD PROGRAM MANAGER AGREEMENT (this “Third Amendment”) is
effective as of August 1, 2020 (“Third Amendment Effective Date”), by and between SUTTON BANK, an Ohio state- chartered bank (“Sutton Bank”) and MARQETA, INC., a Delaware corporation
(“Manager”) (each of Bank and Manager a “Party” and collectively the “Parties”). 
 WHEREAS, the
Parties executed and delivered that certain Amended and Restated Prepaid Card Program Manager Agreement, dated as of April 1, 2016 (the “Agreement”); 

WHEREAS, the Parties wish to amend the Agreement in the manner set forth herein; and 

WHEREAS, pursuant to Section 12.3, “Entire Agreement; Amendments” of the Agreement, the desired amendments requested
must be contained in a written agreement signed by the Parties, 
 NOW THEREFORE, in consideration of the mutual covenants, agreements and
promises contained herein, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereto for themselves and their successors and assigns do hereby agree, represent and warrant as follows: 

1. Definitions. Capitalized terms used in this Third Amendment without definition shall have the meanings ascribed to such terms
in the Agreement. 
 2. Amendment to Section 3.1 “Manager’s Responsibilities,”
Subsection (K), “Maintenance of Funding Accounts at Sutton Bank.” Section 3.1, “Manager’s Responsibilities,” Subsection (K), “Maintenance of Funding Accounts at Sutton Bank” is hereby rescinded
and restated in its entirety as follows: 
 (K) Maintenance of Funding Accounts at Sutton Bank. A “Funding Account” is
defined as a Program Account consisting of a demand deposit account holding adequate funds to cover the amounts owing to Cardholders as determined by Sutton Bank in consultation with Manager and in accordance with Program Documents. Sutton Bank
shall, at all times during the duration of this Amended Program Manager Agreement, establish and maintain Funding Accounts for all Programs. Manager will assist Sutton Bank in establishing the amounts contained in the Funding Accounts. Sutton Bank
will notify the Manager of the account numbers and any other information necessary for the Manager to transfer funds to such accounts. 
  

	 	(i)	 For all Programs except as provided in Section 3.1(K)(ii), Manager agrees to establish and maintain a
minimum amount of funds within the Funding Accounts (the “Funding Amount”), as [***], calculated as of [***], in an amount equal to [***]. 

For clarity, the minimum Funding Amount will be calculated by adding [***] and then dividing by [***] and then multiplying by [***]. The
minimum balance in the Funding Account shall be adjusted [***]. 

 CONFIDENTIAL AND PROPRIETARY 

 

	 	(ii)	 Notwithstanding Section 3.1(K)(i), the Funding Amount shall not be required for [***].

  

	 	(iii)	 Sutton Bank may use the Funding Amount [***] associated with any Program. 

 

	 	(iv)	 Manager shall replenish each Funding Account required in this Section 3.1 within [***] of Manager’s
receipt of notification from Sutton Bank that [***]. If Manager fails to replenish any Funding Account, Sutton Bank [***]. Upon the termination of any Program, including due to termination of this Agreement, all funds held in the applicable Funding
Account(s) shall be returned to Manager, [***] after all Cards have expired or otherwise terminated. 

 3. Amendment
to Section 3.2, “Sutton Bank Responsibilities.” Amendment to Section 3.2, “Sutton Bank Responsibilities” Section 3.2, “Sutton Bank Responsibilities” of the
Agreement is hereby amended by adding a new subsection (K) stating “Sutton Bank agrees that, during the Term, Sutton Bank shall not [***]. Further, during the Term, with respect to any Program listed in Exhibit E, “Covered
Programs,” Sutton Bank shall not, without the prior written consent of Manager, [***]. With respect to a Covered Program, the foregoing restriction will not apply in the event that [***]. Without limitation to the foregoing, Sutton Bank
additionally agrees to refrain [***]. The Parties acknowledge that the obligations of this section 3.2(K) are reasonable and necessary for the protection of the goodwill of the business conducted by Manager. The Parties farther agree that
notwithstanding Section 11.6 of the Agreement, damages may not be a sufficient remedy for a breach of the provisions contained in this section 3.2(K) and Manager or Sutton Bank, as applicable, is entitled to specific performance or injunctive
relief (as appropriate) as a remedy for any breach or threatened breach by the other Party, in addition to any other remedies available at law or in equity. The obligations contained in this Section 3.2 (K) will no longer apply in the event
that Marqeta agrees to sell its assets, operations or business related to card issuance and processing to a third party. 
 4.
Amendment to Section 5.4. Section 5.4 is hereby amended by adding the following Subsection immediately after Subsection (D): 

[***]. 
 5. Amendment to
Section 5.11(B)(i), “Complaints and Resolution.” Section 5.11(B)(i) of the Agreement is hereby amended by adding the following sentence immediately after the existing last sentence:
“The Parties shall negotiate in good faith, by and between persons who possess the requisite authority to act for each Party, which persons shall exercise their respective best efforts, for purpose of updating the existing complaint management
procedures between Sutton Bank and Manager, with the intent to create written procedures that address (among other topics) Manager’s obligations around response times and reporting. Such negotiations shall commence no later than fourteen
(14) days after the Third Amendment Effective Date, with the goal of executing a definitive agreement on or before December 31, 2020” 

 CONFIDENTIAL AND PROPRIETARY 

 

 6. Amendment to Section 10.1, “Term,”
Subsection (A), “Term.” Section 10.1, “Term,” Subsection (A), “Term” of the Agreement is hereby amended by replacing the first sentence “The initial term of this
Amended Program Manager Agreement shall commence on the Effective Date and terminate at midnight on the seventh (7th) anniversary of the Amendment Effective Date (the “Initial Term”), unless sooner terminated in accordance
with the terms hereof.” with “The initial term of this Amended Program Manager Agreement shall commence on the Effective Date and terminate at midnight on the ninth (9th) anniversary of the Amendment Effective Date (the “Initial
Term”), unless sooner terminated in accordance with the terms hereof.” 
 7. Amendment to
Section 10.1, “Term,” Subsection (B), “Mutual Consent.” Section 10.1, “Term,” Subsection (B), “Mutual Consent” is hereby rescinded and restated in its
entirety as follows: “This Agreement may be terminated at any time during the Term, without cost or penalty, by mutual consent of Sutton Bank and Manager.” 

8. Amendment to Article XII—“General.” Article XII of the Agreement is hereby amended by adding a new
Section 12.10, “Notice,” stating “Except where service of process is required, where a Party is required to provide the other Party with notice, written notice, or notification under this Agreement, the Parties agree email will
be sufficient.” 
 9. Amendment to Exhibit C, “[***] AND EXPENSE.” Exhibit C to the
Agreement is hereby rescinded and restated in its entirety in the form attached hereto. 
 10. Addition of Exhibit E. Exhibit E
is hereby added to the Agreement in the form attached hereto. 
 11. Conflict. In the event of any conflict between the terms
of the Agreement and this Third Amendment, this Third Amendment shall control. 
 12. Effect of Third Amendment. Except as
expressly revised herein, the Agreement shall remain in full force and effect as written. 
 13. Miscellaneous. This Third
Amendment shall be governed by and construed and enforced in accordance with the internal laws of the State of Ohio without regard to its conflict of laws principles. This Third Amendment may be executed by facsimile and in counterparts, each of
which shall be deemed an original, and all of which when taken together shall be deemed one and the same instrument. The Agreement, as revised hereby sets forth the entire agreement of the Parties with respect to the subject matter hereof and
thereof, supersedes any and all prior contemporaneous agreements or understandings, whether written or oral, between the Parties with respect to such subject matter. This Third Amendment shall inure the benefit of and be binding upon the Parties and
each of their respective successors and assigns. Section headings used in this Third Amendment are included herein for convenience of reference only and will not constitute a part of this Third Amendment for any other purpose. 

 CONFIDENTIAL AND PROPRIETARY 

 

 IN WITNESS WHEREOF, the Parties have executed this Third Amendment as of the date first above set forth. 

 

			
	SUTTON BANK
		
	By:	 	 /s/ J. Anthony Gorrell

	Name:	 	J. Anthony Gorrell
	Title:	 	CEO
	Date:	 	September 30, 2020 | 2:40 PM PDT
	
	MARQETA, INC.
		
	By:	 	 /s/ Omri Dahan

	Name:	 	Omri Dahan
	Title:	 	Chief Revenue Officer
	Date:	 	September 30, 2020 | 8:55 AM PDT

 CONFIDENTIAL AND PROPRIETARY 

 

 EXHIBIT C 

[***] AND EXPENSE 
 [***] 

Sutton Bank shall pay Manager all card transaction interchange associated with any approved Program 

FEES AND EXPENSES OF PROGRAM MANAGER 
  

	 	A.	 Manager shall pay to Sutton Bank for [***] Programs Excluding [***] 

For all Networks, Manager will pay to Sutton Bank the Fee listed in Table 1 below of aggregate settled net dollar volume of all
transactions (including [***], and [***]) conducted using Cards issued under Program(s) on a [***]. However, this calculation will exclude the [***] (as provided in Section C of this Exhibit) as well as [***]. This model is a [***], tiered model
whereby all volumes are calculated at the appropriate tier and then [***]. Such fees are settled [***]. For example, [***]. Such amounts will be netted from interchange payments paid to Manager by Sutton Bank within [***] of the end of each [***] in
which the applicable transactions have occurred. Each such payment shall be accompanied by a report, detailing the transaction dates and amounts and the aggregate net dollar volume on which such payment is based. 

Table 1 
  

			
	 [***]
	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]

  

	 	B.	 Manager will pay a fee for all [***] Programs excluding [***] 

For all Networks, Manager will pay to Sutton Bank Fees listed in Table 2 below of aggregate settled net dollar volume of all settled
transactions (including [***], and [***]) conducted using Cards issued under Program(s) issued on a [***]). However, this calculation will exclude the [***] (as provided in Section C of this Exhibit). This model is a [***] tiered model whereby all
volumes are calculated at the appropriate tier and then [***], invoiced [***]. For example, [***]. Such amounts will be netted from interchange payments paid to Manager by Sutton Bank within [***] of the end of each [***] in which the applicable
transactions have occurred. Each such payment shall be accompanied by a report, detailing the transaction dates and amounts and the aggregate net dollar volume on which such payment is based. 

 CONFIDENTIAL AND PROPRIETARY 

 

 Table 2 
  

									
	 [***]
	 	[***]
	 [***]
	  	 	[***]	 	  	[***]	 	[***]
	 [***]
	  	 	[***]	 	  	[***]	 	[***]
	 [***]
	  	 	[***]	 	  	[***]	 	[***]
	 [***]
	  	 	[***]	 	  	[***]	 	[***]
	 [***]
	  	 	[***]	 	  	[***]	 	[***]

 For any [***] in which the [***] settled transaction volume exceeds [***], a single fee of [***] will apply to
[***]. 
  

	 	C.	 Transaction Volume Fee for [***] 

For all Networks, Manager will pay to Sutton Bank the fees in Table 3 below on all [***] volume (between [***]) conducted using Cards
issued under the [***] calculated independently of each other. This model is a [***] tiered model. Fee leveraged on funds settled to cardholder account. Settled [***]. 

Table 3 
  

			
	 [***]
	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]

 For any [***] in -which the [***] volume exceeds [***], the transaction volume fee
-will not be calculated using Table 3 above or the [***] tiered model, but rather a single fee of [***] -will apply to [***]. 

Manager will pay Sutton Bank a fee of [***] for all [***] volume, excluding [***] volume, on the [***]. 

Manager will pay Sutton Bank a fee of [***] for all [***] transactions associated with the [***]. 

 

	 	D.	 No [***] Activity Fee 

There shall be no fees leveraged on [***] activity. 
  

	 	E.	 Pass Through Expenses 

For Pass Through Expenses listed in Table 4 below, Sutton Bank will pass such expenses to Manager as actual costs and without mark-up. Invoiced as occurs. Such Pass Through Expenses must be attributable to a Program of the Manager and substantiated by documentation from the applicable third party. Pass Through Expenses must be passed
through to Manager within [***] from the date they are assessed/invoiced by the applicable third party, otherwise they will be considered 

 CONFIDENTIAL AND PROPRIETARY 

 

 
waived. Pass Through Expenses that have not been disputed within [***] of receipt by Manager and that have been paid or deducted from Manager’s account are deemed paid in full. 

Table 4 
  

			
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]

 EARLY TERMINATION 

The Early Termination Fee shall be determined by multiplying (i) the average of the [***] during the [***] period preceding the effective date of
termination (or, if no [***] invoice has been received, the estimated total [***] billing for each Service to be received hereunder), by (ii) [***], as set forth in the table below, by (iii) the number of [***]; plus [***] existing on
Sutton Bank’s books on the date of termination. Upon request by Manager, Sutton Bank shall disclose to Manager the amount of any such [***]. 
  

	c.	 Table 5 of the Early Termination is modified as follows: 

Table 5 
  

			
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
		
	[***]	  	

 VOLUME GUARANTEE 

Manager agrees to guarantee that Sutton Bank will maintain the following volume of Manager’s total Network settled activity during [***]within the
following periods as listed in Table 6, based upon the percentage of total volume recorded in [***]. 
 Table 6 

 

			
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]
	[***]	  	[***]

 CONFIDENTIAL AND PROPRIETARY 

 

 MARQETA MONTHLY [***] 

Sutton Bank shall pay Manager a [***] on a [***] basis according to Table 7—[***] by transferring funds to the bank account identified by
Manager. Sutton Bank shall provide to Manager a [***] invoice with each payment which documents the calculation of [***]. Sutton Bank will calculate (1) the [***], and (2) the [***] by multiplying the [***] by the applicable [***] in
Table 7. For example, if the [***] invoice amount for a [***] is calculated to be [***] based on [***] for a total of [***], then a [***] of [***] would be applied to calculate a [***] amount of [***]. The same calculation would be applied to
the [***] portion of the [***] invoice. 
 The first [***] payment will apply to the [***] received by Marqeta in [***]. Thereafter, each [***] payment will
apply to each [***] invoice for [***] and [***] programs billed to Marqeta throughout the Initial Term of the Agreement. 
 Table
7—            [***] 
  

					
		  	[***]	  	[***]
	[***]	  	[***]	  	[***]
		  	[***]	  	[***]
		  	[***]	  	[***]
		  	[***]	  	[***]
	[***]	  		  	
		  	[***]	  	[***]
		  	[***]	  	[***]
		  	[***]	  	[***]

 MISCELLANEOUS CHARGES 

Manager will pay to Sutton Bank the following fees, which will be payable upon Manager’s receipt of a fee statement (“Fee Statement”) that
provides a detailed accounting of each fee, including at minimum: the type of fee, how the fee was calculated, the data used to calculate the fee, any reasons or reason codes associated with the cause of the fee (e.g. why a wire was returned), an
identifier (such as account token) indicating the Client that is the source or cause of the fee, the applicable Program name, and any additional fee-specific information listed below. The fee statement shall
be provided to Manager along with the monthly invoice, covering the prior’s month’s activity. Sutton and Manager agree to suspend the assessment of the fees for a period of 60 days from the signing of this Third Amendment to mutually agree
on the procedures regarding each of these fees. 
  

	 	i.	 Temporary Fee for Manual Return Wires— [***] return wire Fee charged for all manually returned wires for
any consumer or business that wires monies to Sutton for a program account where wire functionality is not approved as part of the fact sheet. The Temporary Fee for Manual Return Wires will only be payable through [***]. 

 

	 	ii.	 Call Center Fee— [***] per call or email handled by Sutton Bank Fee charged to Manager for all calls
received by Sutton Bank by any consumer or business for a Program requesting assistance in regard to said Program, excluding calls transferred to Manager’s toll-free number. 

 CONFIDENTIAL AND PROPRIETARY 

 

	 	iii.	 Regulatory complaint not responded to [***] prior to the complaint response due date, [***] per occurrence. Fee
charged to manager for any and all complaints received from governmental authorities that are sent to Manger for a response and Manager fails to respond to Sutton Bank within this time frame. Payment for this fee will be contingent upon Sutton Bank
following the complaints policies and procedures established between the Parties. 

  

	 	iv.	 ACH Recall Notices. Manager shall respond to any ACH Recall Notice received from the U.S. Treasury within
[***], and any ACH Recall Notice received from any ODFI within [***]. Failure to comply with the above requirements for any reason shall result Manager’s payment of a [***] penalty fee to Sutton for each untimely response to a U.S. Treasury ACH
Recall Notice, and a [***] penalty fee to for each untimely response to an ODFI ACH Recall Notice. 

 VISA FEES 

Sutton Bank and Manager acknowledge that there are [***] total Visa fees in dispute. Sutton Bank and Manager will [***] of the disputed Visa fees.
Manager’s portion will payable over the [***] period beginning [***]. Such amounts (approximately [***] per [***]) will be netted from amounts paid to Manager by Sutton Bank. 

DECLINED ATM FEE CHARGES REBATE 
 Sutton Bank and Manager
acknowledge that Manager included declined ATM transactions in the monthly invoice count. [***]. Sutton Bank agrees that if Manager provides a revised monthly count within [***] of the signing of this Third Amendment, Sutton will rebate the ATM
declined portion of the charges from [***] through [***]. Manager agrees to provide the following information for such period: number of ATM Total Transactions, number of approved ATM transactions and number of declined ATM transactions. Sutton will
total the amount of these declined transactions and multiply them by the applicable rate and divide by the remaining months in the year. This amount will then be deducted from the current [***] invoice through the 2020 year. 

Billing Disputes 
 Sutton Bank and Manager agree
that Expenses are deemed accurate, and the full amount will be deducted from Manager’s account [***] of receipt by Manager. 

 CONFIDENTIAL AND PROPRIETARY 

 

 Exhibit E 

COVERED PROGRAMS 
  

	
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

 CONFIDENTIAL AND PROPRIETARY 

 

 April 12, 2021 

CONFIDENTIAL COMMUNICATION 
  

	Re:	 Waiver of obligation to negotiate tri-party agreement

 This letter agreement (“Agreement”) serves as confirmation of the agreement between Sutton Bank (“Sutton”) and
Marqeta, Inc. (“Marqeta” and together with Sutton, the “Parties”) that each Party hereby releases the other Party from, and waives its right to enforce against the other Party, the obligations imposed by Section 4 of the
Third Amendment to the Amended and Restated Prepaid Card Program Agreement, effective as of August 1, 2020, by and between the Parties (the “Third Amendment”). For convenience, Section 4 of the Third Amendment is replicated and
attached hereto as Exhibit A. 
 The Parties agree that this Agreement is confidential, and its contents are intended only for the use of the Parties. This
letter may not be reproduced or circulated without the other Party’s prior written consent. 
 The Parties have executed this Agreement as of the date
first above set forth. 
  

	
	Sutton Bank
	
	By: /s/ Tony
Gorrell                                        

	Tony Gorrell
	Chief Executive Officer and Director
	Sutton Bank 1 South Main St.
	Attica, OH 44807
	
	Marqeta, Inc.
	
	By: /s/ Philip
Faix                                         
   
	Philip Faix
	Chief Financial Officer
	Marqeta, Inc. 180 Grand Ave., 6th FL.
	Oakland, CA 94612

 CONFIDENTIAL AND PROPRIETARY 

 

 EXHIBIT A 

SECTION 4 OF THE THIRD AMENDMENT 
 4.
Amendment to Section 5.4. Section 5.4 is hereby amended by adding the following Subsection immediately after Subsection (D): 

(E) [***]

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