Document:

Lease Agreement

 Exhibit 10.1 
  

 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 LEASE AGREEMENT 
 THIS LEASE is executed this 3rd day of August, 2007, by and between DUKE REALTY
LIMITED PARTNERSHIP, an Indiana limited partnership (“Landlord”), and RESTORATION HARDWARE, INC., a Delaware corporation (“Tenant”).

 WITNESSETH: 
 ARTICLE 1 
 LEASE OF PREMISES 
 Section 1.01 Basic Lease Provisions and Definitions. 
  

	A.	Leased Premises: All of that certain to-be-constructed building as shown on the site plan attached hereto as Exhibit A and made a part hereof which shall
be situated on Enterprise Parkway in West Jefferson, Ohio (the “Building”), as well as the land described in Exhibit B attached hereto and made a part hereof (the “Land”) located in that certain
common interest industrial park commonly referred to as Park 70 (the “Park”); 

  

	B.	Rentable Area of the Building: Approximately eight hundred five thousand one hundred twenty-five (805,125) square feet, subject to final measurement in accordance with
Section 1.03 (the “Rentable Area”); 

  

	C.	Building Expense Percentage: One hundred percent (100%); 

  

	D.	*Minimum Annual Rent: 

  

			
	 Years 1 – 5
	  	 $3,152,869.50 per year

	 Years 6 – 10
	  	 $3,468,478.50 per year

	 Years 11 – 15
	  	 $3,815,487.38 per year;

  

	E.	*Monthly Rental Installments: 

  

			
	 Months 1 – 60
	  	 $262,739.13 per month

	 Months 61 – 120
	  	 $289,039.88 per month

	 Months 121 – 180
	  	 $317,957.28 per month;

  

	*	(the foregoing rental amounts are subject to adjustment in accordance with Section 2.02C below.) 

  

	F.	Lease Term: Fifteen (15) years; 

  

	G.	Commencement Date: The date upon which the Landlord Work (as defined in Section 2.02 below) is Substantially Completed (as defined in Section 2.02G
below) and the Leased Premises has been delivered to Tenant. The parties anticipate the Commencement Date to be June 22, 2008 (the “Projected Commencement Date”); 

  

	H.	Security Deposit: None; 

  

	I.	Broker(s): Duke Realty Services Limited Partnership, representing Landlord, and CB Richard Ellis Atlanta representing Tenant; 

  

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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

	J.	Permitted Use: General office and administration, sales to the general public, warehousing and distribution of consumer products, and storage, generation and use of limited
amounts of hazardous materials that are related to Tenant’s business and in accordance with all applicable laws and otherwise in accordance with Article 16 of this Lease, and any other legally permitted use reasonably acceptable to
Landlord; 

  

	K.	Address for payments and notices as follows: 

  

			
	 Landlord:
	  	Duke Realty Limited Partnership
		  	Attn.: Columbus Market, Vice President,
		  	 Asset Management and Customer Service
 5600 Blazer
Parkway, Suite 100
 Dublin, Ohio 43017

		
	 With Rental
	  	
	 Payments To:
	  	Duke Realty Limited Partnership
		  	75 Remittance Drive, Suite 3205
		  	Chicago, Illinois 60675-3205
		
	 Tenant:
	  	Restoration Hardware, Inc.
		  	Attn: Chief Financial Officer
		  	 5725 Paradise Drive, Building D
 Corte
Madera, California 94925

		
	 With a Copy to:
	  	Restoration Hardware, Inc.
		  	Attn: General Manager
		  	 [STREET ADDRESS TO BE INSERTED WHEN
ADDRESS IS ESTABLISHED]
 Enterprise Parkway
 West Jefferson, Ohio 43162

  

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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 LIST OF EXHIBITS 
  

					
	Exhibit A	  	–	  	Site Plan
	Exhibit B	  	–	  	Legal Description of Land
	Exhibit C	  	–	  	Form of Letter of Understanding
	Exhibit D	  	–	  	Preliminary Drawings
	Exhibit E	  	–	  	Scope of Work
	Exhibit F	  	–	  	List of Allowances
	Exhibit G	  	–	  	Project Schedule
	Exhibit H	  	–	  	MHE Plan
	Exhibit I	  	–	  	Early Occupancy Schedule
	Exhibit J	  	–	  	Construction Rules of Conduct
	Exhibit K	  	–	  	CCRs
	Exhibit L	  	–	  	Operating Expense Exclusions
	Exhibit M	  	–	  	Design Standards
	Exhibit N	  	–	  	Rules and Regulations
	Exhibit O	  	–	  	Subordination, Nondisturbance and Attornment Agreement
	Exhibit P	  	–	  	Agency Disclosure
	Exhibit Q	  	–	  	Landlord Waiver
	Exhibit R	  	–	  	Offer Space
	Exhibit S	  	–	  	CRA Act
	Exhibit T	  	–	  	Memorandum of Lease

 Section 1.02 Leased Premises. Landlord hereby leases to Tenant and Tenant leases from
Landlord, subject to all of the terms and conditions set forth herein, the entirety of the Leased Premises. 
 Section 1.03 Rentable
Areas; Final Measurement of Leased Premises. Prior to Substantial Completion of the Leased Premises, Landlord shall cause the project architect (“Landlord’s Architect”) to calculate the rentable square footage of the Leased
Premises, as constructed, in accordance with customary industrial standards using exterior wall dimensions, as promulgated by the Building Owners and Managers Association “Standard Method of Measuring Floor Area in Industrial Buildings”
2001. Following such remeasurement, (x) the rentable square footage calculated by Landlord’s Architect pursuant to the terms of this Section 1.03 shall be binding and conclusive upon the parties, and (y) all amounts,
percentages and figures appearing or referred to in this Lease based upon rentable square footage (or Rentable Area) shall be modified in accordance with such determination; provided, however, that such remeasurement shall not modify or affect the
Minimum Annual Rent payable by Tenant during the initial Lease Term. 
 ARTICLE 2 
 TERM AND POSSESSION 
 Section 2.01 Term. The term of this Lease
(“Lease Term”) shall be the period of time specified in the Basic Lease Provisions commencing on the Commencement Date and ending on the end of the one hundred eightieth (180th) month thereafter (the “Expiration
Date”). Following the Commencement Date, Landlord and Tenant shall promptly execute a Letter of Understanding in the form attached hereto as Exhibit C, wherein the parties shall specify the Commencement Date, the
Expiration Date, and any changes to the Minimum Annual Rent and corresponding Monthly Rental Installment schedules pursuant to Section 2.02C below. 
  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 Section 2.02 Construction. 
 A. Landlord Work. 
 (i) Turnkey Work. Upon Lease execution, Landlord and Tenant have approved the preliminary drawings for the site plan, floor plan and the Building structure (the “Preliminary Drawings”) attached hereto as
Exhibit D. On or before the thirtieth (30th) day following the date hereof, Landlord shall prepare and submit to Tenant a set of construction drawings (the “Turnkey Construction Drawings”) covering all work,
except for the Allowance Work (defined below), to be performed by Landlord in constructing the interior and exterior improvements (the “Turnkey Work”), which shall be based on the scope of work attached hereto as
Exhibit E (the “Scope of Work”). Without limiting the foregoing, the Turnkey Work shall include, and Landlord shall be responsible for, the construction of Enterprise Parkway to the points of ingress and egress to
and from the Leased Premises shown on the Preliminary Drawings. Tenant shall have ten (10) days after receipt of the Turnkey Construction Drawings in which to review the Turnkey Construction Drawings and to give to Landlord written notice of
Tenant’s approval of the Turnkey Construction Drawings or its requested changes to the Turnkey Construction Drawings. Tenant shall have the right to request changes to the Turnkey Construction Drawings and Landlord shall implement such changes
as the parties mutually agree upon. If Tenant fails to approve or request changes to the Turnkey Construction Drawings within ten (10) days after its receipt thereof, Tenant shall be deemed to have approved the Turnkey Construction Drawings and
the same shall thereupon be final. If Tenant requests any changes to the Turnkey Construction Drawings, Landlord shall make those changes which are requested by Tenant and shall within ten (10) days of its receipt of such request submit the
revised portion of the Turnkey Construction Drawings to Tenant. Tenant may not thereafter disapprove the revised portions of the Turnkey Construction Drawings unless Landlord has failed to incorporate the comments of Tenant in a manner acceptable to
Tenant and, subject to the foregoing, the Turnkey Construction Drawings, as modified by said revisions, shall be deemed to be final upon the submission of said revisions to Tenant. Without limiting the foregoing, following the completion of the
Turnkey Construction Drawings in accordance with this Section 2.02A(i), Tenant agrees to confirm Tenant’s consent thereto in writing within three (3) business days following Landlord’s written request therefor. 

(ii) Allowance Work. In addition to the Turnkey Work, Landlord has agreed to make certain improvements to the Leased Premises
described in the List of Allowances attached hereto as Exhibit F (the “Allowance Work”). Tenant shall have the right to reallocate funds between the Allowance line items shown on Exhibit F and
to otherwise apply the Allowance toward any costs incurred by Tenant in connection with the construction of, and the installation of MHE Equipment (as hereinafter defined) in, the Leased Premises. Within thirty (30) days following the date
hereof, Tenant will confer with Landlord’s space planner to develop a space plan for the Allowance Work that is reasonably acceptable to Tenant and Landlord (the “Space Plan”). Within twenty (20) days after Landlord’s
receipt of the Space Plan, Landlord shall prepare and submit to Tenant a set of construction drawings (the “Allowance Construction Drawings”) covering all work to be performed by Landlord in constructing the Allowance Work in
accordance with the Space Plan. Tenant shall have ten (10) days after receipt of the Allowance Construction Drawings in which to review the Allowance Construction Drawings and to give Landlord written notice of Tenant’s approval of the
Allowance Construction Drawings or its requested changes thereto. Tenant shall have the right to request changes to the Allowance Construction Drawings and Landlord shall implement such changes as the parties mutually agree upon. If Tenant fails to
approve or request changes to the Allowance Construction Drawings within ten (10) days after its receipt of the Allowance Construction Drawings, then Tenant shall be deemed to have approved the Allowance Construction Drawings and the same shall
thereupon be final. If Tenant requests any changes to the Allowance Construction Drawings, Landlord shall make those changes which 

  

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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 
are requested by Tenant and shall within ten (10) days of its receipt of such request submit the revised portion of the Allowance Construction Drawings
to Tenant. Tenant may not thereafter disapprove the revised portions of the Allowance Construction Drawings unless Landlord has failed to incorporate the comments of Tenant in a manner acceptable to Tenant and, subject to the foregoing, the
Allowance Construction Drawings, as modified by said revisions, shall be deemed to be final upon the submission of said revisions to Tenant. After the Allowance Construction Drawings have been completed in accordance with this
Section 2.02A(ii), Tenant agrees to confirm Tenant’s consent thereto in writing within three (3) business days following Landlord’s written request therefor. 
 Following Tenant’s approval (or deemed approval) of the Allowance Construction Drawings, Landlord shall solicit competitive bids from at least
three (3) subcontractors for each major trade (excluding any contractors also used for the Turnkey Work). Landlord and Tenant shall review the bids jointly and Landlord shall select the subcontractors mutually agreed upon by both parties.
Promptly following the selection of a subcontractor for each major trade, Landlord shall deliver to Tenant a statement of the cost to construct and install all of the Allowance Work (the “Cost Statement”). The Cost Statement shall
include design fees and general conditions, but shall not include any construction management or contractor fees. Tenant agrees to approve or reject the Cost Statement in writing within five (5) business days following Landlord’s written
request therefor. If Tenant rejects the Cost Statement, Landlord and Tenant shall promptly meet to discuss changes to the Allowance Construction Drawings that shall be necessary to reduce the cost of the Allowance Work to an amount approved by
Tenant. 
 Tenant shall be responsible for the cost to construct and install the Allowance Work only to the extent that the Cost Statement,
taking into account any increases or decreases to the Allowance Work resulting from any Change Orders (as hereinafter defined), exceeds Five Million Five Hundred Ten Thousand Two Hundred Nine Dollars ($5,510,209.00) (the
“Allowance”). If, following Tenant’s approval (or deemed approval) of the Allowance Construction Drawings, the Cost Statement shows that the cost to construct and install the Allowance Work will exceed the Allowance (such
excess being herein referred to as the “Excess Allowance Work Costs”), then Tenant shall pay the Excess Allowance Work Costs to Landlord as set forth herein. At such time as Landlord’s costs and expenses incurred in
connection with the construction and installation of the Allowance Work exceed the Allowance, Landlord will have the right to invoice Tenant on a monthly basis for the portion of the Excess Allowance Work Costs actually incurred by Landlord during
the prior month plus a ten percent (10%) construction management fee thereon, and Tenant shall pay to Landlord the amount set forth in such invoice within ten (10) days following receipt of such invoice. Tenant’s failure to deliver
the payments required in this paragraph shall entitle Landlord to stop the construction and installation of the Allowance Work until such payment is received, and such delay shall constitute a Tenant Delay hereunder. In addition, all delinquent
payments shall accrue interest at fifteen percent (15%) per annum. Notwithstanding anything in this Lease to the contrary, in the event the Allowance shall exceed the Cost Statement (taking into account any increases or decreases to the
Allowance Work resulting from any Change Orders), then the Minimum Annual Rent and corresponding Monthly Rental Installment schedules set forth in Section 1.01 above shall be reduced to reflect such decrease, as such costs have been
quantified in the Cost Statement approved by Tenant, plus a five percent (5%) construction management fee. For purposes of calculating such reduction in the Minimum Annual Rent, Landlord shall multiply the positive difference between the
Allowance and the Cost Statement plus five percent (5%) by 0.0795. [Example: Assume $400,000 savings. Then, $400,000 × 1.05 = $420,000 × 0.0795 = $33,390 Minimum Annual Rent savings.] 
 (iii) The Turnkey Work and the Allowance Work together shall be collectively referred to herein as the “Landlord Work.”
The Turnkey Construction Drawings and Allowance Construction Drawings together shall be collectively referred to herein as the “Construction Drawings.” Landlord shall construct in a good workmanlike manner all of the Landlord Work
and supply all work, 

  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 
labor, materials and equipment necessary to complete the Landlord Work in accordance with the Construction Drawings, which shall include, without limitation,
the installation of landscaping, parking lots, driveways and all improvements as shown on the Construction Drawings for the benefit of the Leased Premises. Landlord shall use commercially reasonable speed and diligence to Substantially Complete the
Landlord Work on or before the Projected Commencement Date. 
 B. Schedule. The Landlord Work shall be constructed by Landlord in a
good and workmanlike manner, in compliance with the Construction Drawings and all laws, codes, and ordinances applicable to the Leased Premises, and in accordance with the schedule attached hereto as Exhibit G (the
“Project Schedule”). Landlord shall apply for and obtain as expeditiously as possible, at its sole cost and expense, all permits, licenses and certificates necessary for the construction of the Landlord Work and for the occupancy of
the Leased Premises by Tenant (including, without limitation, temporary and final certificates of occupancy), provided, Tenant shall be responsible for the installation of office furniture, racking, and warehouse equipment to the extent required to
obtain the temporary and/or final occupancy permit for the Leased Premises. Landlord and Tenant will coordinate the installation of Tenant’s MHE Equipment and warehouse equipment pursuant to Section 2.02E. 
 C. Change Orders. 
 (i) Tenant shall have the right from time to time to request changes to the Construction Drawings by way of written change order (each, a “Change Order,” and collectively, “Change Orders”). Landlord shall
prepare and submit to Tenant within ten (10) days a memorandum setting forth the impact on cost and schedule, if any, resulting from said Change Order (the “Change Order Memorandum of Agreement”), with such cost
including any additional design fees and, if the applicable Change Order increases the cost to complete the Turnkey Work, a ten percent (10%) construction management fee. Tenant shall, within three (3) business days following Tenant’s
receipt of the Change Order Memorandum of Agreement, either (a) execute and return the Change Order Memorandum of Agreement to Landlord, or (b) retract its request for the Change Order. Landlord shall not be obligated to commence any work
set forth in a Change Order until such time as Tenant has delivered to Landlord the Change Order Memorandum of Agreement executed by Tenant. The increase in the cost to construct the Turnkey Work, if any, resulting from the Change Order, as set
forth in the Change Order Memorandum of Agreement, shall be herein referred to as the “Excess Turnkey Change Order Costs.” Landlord shall invoice Tenant on a monthly basis for the portion of the Excess Turnkey Change Order
Costs actually incurred by Landlord during the prior month and Tenant shall pay to Landlord the amount set forth in such invoice within ten (10) days following receipt of such invoice. 
 (ii) Notwithstanding anything in this Lease to the contrary, in the event the actual cost of the Turnkey Work is reduced as a result of a
Change Order to the Turnkey Work, as set forth in the Change Order Memorandum of Agreement, then the Minimum Annual Rent and corresponding Monthly Rental Installment schedules set forth in Section 1.01 above shall be modified to reflect
such decrease, as such costs have been quantified in the applicable Change Order Memorandum of Agreement executed by Tenant. For purposes of calculating a reduction in the Minimum Annual Rent due to Change Orders to the Turnkey Work, Landlord shall
multiply the net savings resulting from the Change Order, plus five percent (5%), by 0.0795. [Example: Assume $400,000 savings. Then, $400,000 × 1.05 = $420,000 × 0.0795 = $33,390 Minimum Annual Rent savings.] 
  

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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 D. Warranty. 
 (i) Landlord hereby warrants that the Landlord Work (including, without limitation, the slab of the Leased Premises and all systems and
equipment, including heating, ventilation and air conditioning, electrical, sprinkler and life safety, plumbing, and dock equipment, but specifically excluding the roof) shall be, for a period of one (1) year after the Commencement Date, and
that the roof shall be, for a period of ten (10) years after the Commencement Date, free from defects in materials and workmanship (“Landlord’s Warranty”). The Landlord’s Warranty shall be absolute and unconditional
subject only to routine maintenance (except as to Landlord’s obligations herein), casualty, ordinary wear and tear, and repairs and replacements necessitated by Tenant’s negligence or willful misconduct. Landlord hereby further warrants
that the Landlord Work shall substantially and materially conform to the Construction Drawings. The Landlord’s Warranty covers all materials, labor and equipment for replacement and repairs but do not cover consequential damages, such as lost
profits or opportunity, incurred by Tenant. Tenant will notify Landlord following actual discovery of any potential problems which may be covered by Landlord’s Warranty, but no delay in providing such notice shall affect or limit
Landlord’s Warranty. Landlord also warrants that the recharge wells required for the Darby Watershed shall be in good condition and repair for a period of three (3) years after the Commencement Date. 
 (ii) In addition to the foregoing, Landlord shall obtain from all contractors and material suppliers providing labor or materials in
connection with the development of the Leased Premises such warranties and guarantees as are customary in the construction and development of similar premises in the market area of the Leased Premises (collectively, “Contractor
Warranties”). Without limiting the generality of the foregoing, the Contractor Warranties shall specifically include a ten (10) year “no dollar limit” material manufacturer’s roof warranty. Landlord shall enforce,
for the benefit of Tenant, at Landlord’s sole cost and expense (and not as Additional Rent hereunder), during the Lease Term, all Contractor Warranties. Landlord shall provide Tenant with copies of all Contractor Warranties and Landlord shall
consult with Tenant as to the application and restrictions applicable to all such Contractor Warranties. Tenant shall not take any action which to Tenant’s knowledge shall invalidate any of the Contractor Warranties and shall provide Landlord
with written notice of all warranty claims. Tenant will notify Landlord as soon as reasonably practicable following actual discovery of any potential problems which may be covered by the Contractor Warranties, but no delay in providing such notice
shall affect or limit Landlord’s enforcement of any such Contractor Warranties. 
 (iii) Without limiting Landlord’s
duty to perform (or to enforce the performance of) repairs under any Landlord’s Warranty or Contractor Warranties, the timing of the performance of any repairs will be mutually agreed to by Landlord and Tenant so as to minimize the disruption
to Tenant’s business operations. 
 E. Coordination of Tenant’s Work and Early Occupancy. Tenant agrees to coordinate with
Landlord regarding the installation of Tenant’s phone and data wiring and any other trade related fixtures (including the “MHE Equipment” delineated in the MHE Plan attached hereto as Exhibit H) that Tenant
desires to install in the Leased Premises prior to Substantial Completion. If and to the extent permitted by applicable governmental laws and ordinances, Tenant, Tenant’s contractors, subcontractors and agents shall have the right to enter into
portions of the Leased Premises prior to the Commencement Date in accordance with the phased early occupancy schedule attached hereto as Exhibit I in order to install fixtures (such as the MHE Equipment and conveyor), and
otherwise prepare such portions of the Leased Premises for occupancy, which right shall expressly exclude making any structural modifications which would interfere with the performance of the Landlord Work. During any entry prior to the Commencement
Date, (a) Tenant, Tenant’s contractors, subcontractors and agents shall comply with all terms and conditions of this Lease other than the obligation to pay Minimum Annual Rent, Additional Rent and utilities; provided, Tenant shall pay its
equitable share of any utility cost in connection with the MHE Equipment and conveyor, (b) Tenant, Tenant’s contractors, subcontractors and agents shall not interfere with Landlord’s completion of the Landlord Work, (c) Tenant
shall cause its personnel and contractors to comply in all material respects with the terms and conditions of Landlord’s rules of conduct 

  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 
attached hereto as Exhibit J, and (d) Tenant shall not begin operation of its business (including any storage of Tenant’s
product in the Building). Tenant acknowledges that Tenant shall be responsible for obtaining all applicable permits and inspections relating to any such entry by Tenant; provided that Landlord shall cooperate with Tenant in obtaining such permits
and inspections. Landlord shall also cooperate with Tenant’s rack vendor in obtaining any permits necessary for the installation of racks in the Leased Premises. 
 F. Late Completion. Notwithstanding anything to the contrary contained in the Lease, if Substantial Completion of the Leased Premises is delayed beyond the Projected Commencement Date as a result of Tenant
Delay (as hereinafter defined), then, for purposes of determining the Commencement Date (for rent commencement), Substantial Completion shall be deemed to have occurred on the date that Substantial Completion would have occurred but for such Tenant
Delay. Without limiting the foregoing, Landlord shall use commercially reasonable speed and diligence to Substantially Complete the Landlord Work on or before the Projected Commencement Date. Notwithstanding the foregoing, Landlord’s obligation
to perform the Landlord Work on a timely basis shall be subject to the following additional terms and provisions: 
 (i) In
the event the Commencement Date has not occurred within ten (10) days after the Projected Commencement Date, as such date may be extended by Completion Delays (as hereinafter defined), then Landlord shall pay to Tenant the sum of Five Hundred
Thousand Dollars ($500,000.00) as liquidated damages for such delay. 
 (ii) In addition to the payment required pursuant to
Section 2.02F(i) above, in the event that the Commencement Date has not occurred within ten (10) days after the Projected Commencement Date, as such date may be extended by Completion Delays, Tenant shall receive one day of free
Minimum Annual Rent and Additional Rent from and after the Commencement Date for each day the Commencement Date is delayed beyond such ten (10) day period as liquidated damages for such delay. 
 If Landlord contends that a Completion Delay has occurred, then Landlord shall notify Tenant in writing or telephonically at (415) 945-3496 (Ken
Dunaj) within five (5) days of the event which constitutes such Completion Delay (a “Delay Notice”). Landlord’s failure to so notify Tenant shall be deemed a waiver of Landlord’s right to assert any such Completion
Delay; provided, however, that in the event a Completion Delay is not reasonably ascertainable or determinable by Landlord in five (5) days (i.e., such as from cumulative unusual weather conditions), Landlord shall have thirty (30)
days in which to notify Tenant of such Completion Delay. 
 G. Definitions. For purposes of this Lease: (a) “Completion
Delays” means (i) Tenant Delays (as defined below) or (ii) delays attributable to force majeure events (as defined in Section 17.04 below) (collectively, a “Completion Delay”); (b) the Leased
Premises shall be deemed to be “Substantially Completed” (or any grammatical variation thereof) at such time as (i) Landlord shall certify in writing to Tenant that said Leased Premises have been completed in substantial
accordance with the Construction Drawings subject only to minor punch list items (i.e., such unfinished items as shall not impair Tenant’s ability to use the Leased Premises in the manner intended by the Lease) to be mutually agreed to
and identified by Tenant and Landlord during a joint inspection of the Leased Premises prior to Substantial Completion, (ii) Landlord shall have obtained all necessary governmental approvals and inspections, all systems are fully operational,
and sufficient utilities are available to service the Leased Premises and are connected to mains and all meters are set and activated, (iii) the project architect, shall certify in writing to Tenant pursuant to and in accordance with form
AIA-G704, or other form reasonably acceptable to Landlord as to those same matters in (i) and (ii) immediately preceding, and (iv) the 

  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 
issuance of a temporary certificate of occupancy. At such time as the last of the foregoing requirements shall have been satisfied, Landlord shall deliver
possession of the Leased Premises to Tenant for occupancy; (c) “Tenant Delay” shall mean any actual delay in the Substantial Completion of the Leased Premises to the extent caused by Tenant, including, without limitation,
(i) Tenant’s failure to meet any time deadlines specified herein (including deadlines in the Project Schedule), (ii) delays attributable to Change Orders, (iii) the performance of any other work in the Leased Premises by any
person, firm or corporation employed by or on behalf of Tenant, or any failure to complete or delay in completion of such work, specifically including, but not limited to, Tenant’s installation of office furniture, racking and warehouse
equipment, and (iv) Landlord’s inability to obtain a temporary occupancy permit for the Leased Premises because of the need for completion of all or a portion of improvements being installed in the Leased Premises directly by Tenant,
specifically including, but not limited to, Tenant’s installation of office furniture, racking and warehouse equipment. 
 Section 2.03 Surrender of the Leased Premises. Upon the expiration or earlier termination of this Lease, Tenant shall, at its sole cost and expense, immediately (a) remove Tenant’s Property (as defined in
Section 8.01 below) from the Leased Premises, and repair any damage caused by any such removal, (b) surrender the Leased Premises to Landlord in broom-clean condition and in good order, condition and repair, reasonable wear and tear
and damage due to casualty or condemnation excepted, (c) remove from the Leased Premises (i) Tenant’s Property (as defined in Section 8.01 below), and (ii) any alterations required to be removed pursuant to
Section 7.04 below, and (d) repair any damage caused by any such removal and restore the Leased Premises to the condition existing upon the Commencement Date reasonable wear and tear and damage due to casualty or condemnation
excepted. All of Tenant’s Property that is not removed within ten (10) business days following ‘Landlord’s written demand therefor (following the expiration or earlier termination of this Lease) shall be conclusively deemed to
have been abandoned and Landlord shall be entitled to dispose of such property at Tenant’s cost without incurring any liability to Tenant. This Section 2.03 shall survive the expiration or any earlier termination of this Lease.

 Section 2.04 Holding Over. If Tenant retains possession of the Leased Premises after the expiration or earlier termination of
this Lease without Landlord’s permission, then Tenant shall be a tenant at sufferance at a rental rate equal to one hundred fifty percent (150%) the Monthly Rental Installments for the Leased Premises in effect upon the date of such
expiration or earlier termination and otherwise upon the terms, covenants and conditions herein specified, so far as applicable. Acceptance by Landlord of rent after such expiration or earlier termination shall not result in a renewal of this Lease,
nor shall such acceptance create a month-to-month tenancy. In the event a month-to-month tenancy is created by operation of law, either party shall have the right to terminate such month-to-month tenancy upon thirty (30) days’ prior
written notice to the other, whether or not said notice is given on the rent paying date. Notwithstanding the foregoing, in the event Tenant provides Landlord with at least six (6) months’ prior written notice of its intent to holdover
possession (a “Holdover Notice”), then Tenant shall have the right to holdover beyond the expiration of the Lease Term as to all of the Leased Premises for a period not to exceed three (3) months, as identified in the Holdover
Notice; provided, however, that Tenant shall have no such right if, at the time of the delivery of the Holdover Notice, Landlord has entered into a lease with a replacement tenant for the Leased Premises and requires immediate possession of the
Leased Premises upon the expiration of the Lease Term in order to deliver possession thereof to the replacement tenant in accordance with the terms of its lease, or has executed a term sheet or letter of intent for the leasing of the Leased Premises
to a replacement tenant and requires immediate possession of the Leased Premises upon the expiration of the Lease Term in order to commence the construction of interior improvements therein for such replacement tenant. Any permitted holdover by
Tenant pursuant to a Holdover Notice shall be at the rental rate last due in this Lease, plus Additional Rent, and shall otherwise be on the terms and conditions herein specified, so far as applicable; provided, however, that in no event 

  

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shall Tenant be permitted to deliver an additional Holdover Notice nor shall any renewal or expansion option or other similar right or option contained in
this Lease be deemed applicable to any such tenancy. Except as expressly set forth herein, this Section 2.04 shall in no way constitute a consent by Landlord to any holding over by Tenant upon the expiration or earlier termination of
this Lease, nor limit Landlord’s remedies in such event. 
 ARTICLE 3 
 RENT 
 Section 3.01 Base Rent. Tenant shall pay to Landlord as
Minimum Annual Rent for the Leased Premises the sum specified in the Basic Lease Provisions, payable in equal consecutive Monthly Rental Installments, in advance, without demand, deduction or offset, beginning on the Commencement Date and on or
before the first day of each and every calendar month thereafter during the Lease Term. The Monthly Rental Installment for any partial calendar months shall be prorated based on the number of days during the month this Lease was in effect in
relation to the total number of days in such month. 
 Section 3.02 Additional Rent. Except as otherwise expressly provided,
Tenant is responsible for all commercially reasonable costs, charges and expenses incurred by Landlord in connection with operating and maintaining the Leased Premises during the Lease Term including, but not limited to: Real Estate Taxes (as
contemplated in this Section 3.02 and Section 17.22 hereof); insurance premiums (but not insurance deductibles or self-insured amounts retained by Landlord); utilities; expenses for maintenance, repair and replacement of
driveways and parking areas, including snow and ice removal; costs of trash removal; landscaping costs; management fees (not to exceed one percent (1%) of the Minimum Annual Rent); costs incurred under the recorded documents and owners’
association affecting the Leased Premises and shown on Exhibit K hereto, and costs incurred under any other recorded documents or owners’ association affecting the Leased Premises (including the CCRs referenced below) and
approved by Tenant in writing, which approval shall not be unreasonably withheld, conditioned or delayed; repairs and maintenance to those portions of the Leased Premises as contemplated in Section 7.02B below; and all other costs and
expenses, reasonably necessary in maintaining the Leased Premises in good order, condition and repair as a warehouse distribution center) (collectively, “Operating Expenses”); provided, however, that Operating Expenses shall not
include those costs, charges or expenses as set forth on Exhibit L attached hereto. Tenant acknowledges receipt of the CCRs set forth on Exhibit K hereto, which are intended to be recorded in connection with the
development of the Park (the “CCRs”). Tenant hereby approves the form and substance of such CCRs. Landlord agrees that the Leased Premises, as designed and constructed in accordance with this Lease, shall be deemed to comply with
the CCRs (or Landlord hereby waives any element of noncompliance). Promptly following the Commencement Date, Landlord shall assign to Tenant the membership interests of Landlord in the Association (as defined in the CCRs, but excluding the
“Class B Member” or “Developer” rights under Section 9.3 of the CCRs) for the Lease Term (including any “Extension Terms,” as hereinafter defined) in accordance with, and as contemplated by, Section 9.1
of the CCRs, and Tenant shall thereafter have the rights of a Member (as defined in the CCRs) in the Association. 
 A. Uncontrollable
Expenses. Notwithstanding anything in this Lease to the contrary, Tenant will be responsible for Real Estate Taxes, including the reasonable costs and expenses of contesting the validity or amount of Real Estate Taxes; fees or charges imposed by
any governmental entity; insurance premiums; utilities; association dues and costs imposed by covenants or easements (subject to the limitations contained above in this Section 3.02), and snow removal costs (collectively,
“Uncontrollable Expenses”), without regard to the level of increase in any or all of the above in any year or other period of time. 
  

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 B. Controllable Expenses. Tenant’s obligation to pay all other Operating Expenses which
are not Uncontrollable Expenses (herein “Controllable Expenses”) shall be limited to a five percent (5%) per annum increase over the amount the Controllable Expenses for the immediately preceding calendar year would have been
had the Controllable Expenses increased at the rate of five percent (5%) in all previous calendar years beginning with the actual Controllable Expenses for the year ending December 31 of the second full calendar year of the Lease Term.

 C. Real Estate Taxes. “Real Estate Taxes” shall include any form of real estate tax or assessment, general,
special, ordinary or extraordinary, payments in lieu of taxes, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed upon the Leased Premises or
appurtenant land (or against Landlord’s business of leasing the Building) by any authority having the direct or indirect power to tax, together with costs and expenses of contesting the validity or amount of Real Estate Taxes. If the property
is not separately assessed, then Tenant’s liability shall be an equitable proportion of the real estate taxes for all of the land and improvements included within the tax parcel assessed. Landlord’s reasonable determination thereof, in
good faith, shall be conclusive. Tenant, at its cost, shall have the right at any time to seek a reduction in or otherwise contest any Real Estate Taxes for which it is obligated to reimburse Landlord by action or proceeding against the entity with
authority to assess or impose the same. Landlord shall not be required to join in any such proceeding or action brought by Tenant unless the provisions of applicable Laws require that such proceeding or action be brought by or in the name of
Landlord, in which event Landlord shall join in such proceeding or action or permit it to be brought in Landlord’s name, provided that Tenant protect, indemnify, and hold Landlord free and harmless from and against any liability, cost or
expense in connection with such proceeding or contest. Tenant shall continue, during the pendency of such proceeding or action, to pay the Real Estate Taxes due as determined by Landlord pursuant to this Section 3.02. If Tenant is
successful in such action or proceeding, Landlord shall reimburse to Tenant the reduction in Real Estate Taxes realized by Tenant in such contest or proceeding within ten (10) days after the amount of such reduction has been reimbursed to
Landlord. Notwithstanding anything herein to the contrary, in no event shall Real Estate Taxes include any franchise, estate, gift, succession, inheritance, transfer, net income, or excess profits tax imposed upon Landlord, or any penalties or fees.

 Tenant shall pay, prior to delinquency, all taxes assessed against and levied upon trade fixtures, furnishings, equipment and all other
personal property of Tenant contained in the Leased Premises or elsewhere. Tenant shall cause such trade fixtures, furniture, equipment and all other personal property to be assessed and billed separately from the Leased Premises. 
 D. Capital Expenses. Notwithstanding anything to the contrary contained in this Lease, any costs of a capital nature (including, but not limited
to, capital improvements and alterations, capital repairs, capital equipment, and capital tools, all as determined in accordance with generally accepted accounting principles, consistently applied (“GAAP”)) that would otherwise be
properly included within “Operating Expenses” hereunder shall be capitalized by Landlord, and Tenant shall be required to pay as Operating Expenses only the pro rata share of the cost of the applicable item falling due within the Lease
Term based upon the amortization of the same over the useful life of such item, such amount to be payable in substantially equal monthly installments over the then-remaining balance of the Lease Term. 
 Section 3.03 Payment of Additional Rent. Landlord shall be entitled to estimate annually the total amount of Additional Rent to be paid by
Tenant during each calendar year of the Lease Term and written notice thereof shall be given to Tenant within a reasonable time period prior to the beginning of each calendar year (in the event the Lease Term shall commence in a calendar year,
Tenant shall be furnished with said notice on the Commencement Date). Not later than November 30th of each calendar year, Landlord shall deliver to Tenant a proposed budget of Operating Expenses (each, an “Expense  

  

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Budget”) for the following calendar year (except that, for the first year of the Lease Term, Tenant shall be provided with an Expense Budget not
later than sixty (60) days prior to the Commencement Date). Tenant shall have the right to review and consult with Landlord regarding each Expense Budget within fifteen (15) days after Tenant’s receipt of the same. Tenant shall
provide to Landlord, within such fifteen (15) day period, written approval of the applicable Expense Budget or, if Tenant disapproves any line item or line items contained therein, written notice of such disapproval on a line item basis. In the
event Tenant delivers a notice of disapproval, Landlord shall act reasonably and in good faith to develop an Expense Budget that is responsive to Tenant’s concerns; provided, however, that in the event of a disagreement between Landlord and
Tenant concerning the Expense Budget, the decision of Landlord shall control. Commencing on the Commencement Date, Tenant shall pay to Landlord each month, at the same time the Monthly Rental Installment is due, an amount equal to one-twelfth
(1/12) of the estimated Additional Rent for such year. Any amount required to be paid by Tenant hereunder (in addition to Minimum Annual Rent) and any charges or expenses incurred by Landlord on behalf of Tenant under the terms of this Lease
shall be considered “Additional Rent” payable in the same manner and upon the same terms and conditions as the Minimum Annual Rent reserved hereunder, except as set forth herein to the contrary. Any failure on the part of Tenant to
pay such Additional Rent when and as the same shall become due shall entitle Landlord to the remedies available to it for non-payment of Minimum Annual Rent. 
 A. Increases or Decreases in Estimated Additional Rent. If any expenses comprising Additional Rent increase during a calendar year, Landlord may increase or decrease the estimated Additional Rent during such
year by giving Tenant written notice to that effect, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase or decrease in the estimated Additional Rent divided by
the number of months remaining in such year. 
 B. Adjustment to Additional Rent. Within a reasonable time after the end of each
calendar year, Landlord shall prepare and deliver to Tenant a statement showing the actual Additional Rent for the prior calendar year (the “Statement”). Within thirty (30) days after receipt of the Statement, Tenant shall pay
to Landlord, or Landlord shall credit against the next rent payment or payments due from Tenant, as the case may be, the difference between the actual Additional Rent for the preceding calendar year and the estimated amount paid by Tenant during
such year, subject to the limitations contained in Section 3.02B and this Section 3.03. For any fractional portion of a calendar year at the commencement or termination of this Lease, any such deficiency or overage shall be
settled and adjusted between the parties after the end of that calendar year in the same manner as above, but prorated based on the number of days of the Lease Term within such calendar year. 
 C. Audit Rights. Within two hundred seventy (270) days of receipt of the Statement, Tenant shall have the right, upon at least ten (10)
days’ prior written notice to Landlord, to audit at Landlord’s local offices, at Tenant’s expense, Landlord’s accounts and records relating to Additional Rent. Such audit shall be conducted by a certified public accountant (not
billing on a contingency fee basis) selected by Tenant, which certified public accountant may be an employee of Tenant. If Landlord and Tenant agree that Landlord has overcharged Tenant, then the amount overcharged shall be paid to Tenant within
thirty (30) days after the audit is concluded, together with interest thereon at the rate of ten percent (10%) per annum, from the date the Statement was delivered to Tenant until payment of the overcharge is made to Tenant. If Tenant
provides Landlord with written notice disputing the correctness of Landlord’s statement, and if such dispute shall have not been settled by agreement between Landlord and Tenant within thirty (30) days after Tenant provides Landlord with
such written notice, Tenant may submit the dispute to a reputable firm of independent certified public accountants selected by Tenant and approved by Landlord, such approval not to be unreasonably withheld, and the decision of such accountants shall
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conclusive and binding upon the parties. If such accountant decides that there was an error, Landlord will make a correcting payment if Tenant overpaid such
amount, and Tenant shall pay Landlord if Tenant underpaid such amount. In addition, if the Statement exceeds the actual Additional Rent which should have been charged to Tenant by more than five percent (5%), then the cost of the audit shall be paid
by Landlord. 
 All of the information obtained through Tenant’s inspection with respect to financial matters (including, without
limitation, costs, expenses and income) and any other matters pertaining to Landlord, the Leased Premises, the Building and/or the Park as well as any compromise, settlement or adjustment reached between Landlord and Tenant relative to the results
of the inspection shall be subject to the confidentiality restrictions set forth in Section 17.15 below. 
 Section 3.04
Late Charges. Tenant acknowledges that Landlord shall incur certain additional unanticipated administrative and legal costs and expenses if Tenant fails to pay timely any payment required hereunder. Therefore, in addition to the other
remedies available to Landlord hereunder, if any payment required to be paid by Tenant to Landlord hereunder shall not be paid within five (5) days after written notice of delinquency, then such unpaid amount shall bear interest from the due
date thereof to the date of payment at the prime rate (as reported in the Wall Street Journal on the date such payment was due) of interest (“Prime Rate”) plus four percent (4%) per annum; provided, however, that Tenant
shall be entitled to only two (2) such notices in any twelve (12) month period and, thereafter during such period, a late charge shall be due if Tenant fails to pay to Landlord any amount required to be paid hereunder within five (5)
days after the date the same is due. 
 ARTICLE 4 
 SECURITY DEPOSIT 
 [INTENTIONALLY OMITTED]. 
 ARTICLE 5 
 USE 
 Section 5.01 Use of Leased Premises. The Leased Premises are to be used by Tenant solely for the Permitted Use, and for no other purposes
without the prior written consent of Landlord. Landlord warrants that the Land is currently or shall as of the Commencement Date be zoned for general office use and warehousing and distribution of consumer products, and the Leased Premises shall be,
as of the Commencement Date, in compliance with all federal and municipal statutes, rules and regulations taking into account the foregoing uses. Based upon (i) that certain Zoning Ordinance 03-022 from the Village of West Jefferson passed
April 21, 2003 and effective May 21, 2003; and (ii) that certain letter to Duke Realty Corporation from Thomas C. Philips, Mayor of the Village of West Jefferson, dated June 1, 2007, Landlord also warrants that the Land is
currently zoned for sales to the general public. Landlord shall assist Tenant from time to time (including, without limitation, meeting with governmental officials) as reasonably necessary to enable Tenant to conduct sales to the general public from
the Leased Premises. For purposes of this Lease, “Tenant’s Intended Use” shall mean general office use, warehousing and distribution of consumer products, and sales to the general public. 
 Section 5.02 Covenants of Tenant Regarding Use. Tenant shall (i) use and maintain the Leased Premises and conduct its business thereon
in a safe, careful, reputable and lawful manner, (ii) following the Substantial Completion of the Leased Premises and subject to Landlord’s obligations herein, be responsible for meeting all applicable codes with regard to its storage,
racking and warehousing, (iii) comply with all covenants that encumber the Building, including (except with respect 

  

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to the Landlord Work) the “Design Standards” attached hereto as Exhibit M and the CCRs, whether or not such Design
Standards and/or CCRs are yet recorded, but only to the extent the same do not prohibit Tenant’s use of the Leased Premises for Tenant’s Intended Use, and to the extent the same do not increase Tenant’s express obligations or decrease
Tenant’s rights under this Lease, (iv) subject to Landlord’s obligations herein, comply with all laws, rules, regulations, orders, ordinances, directions and requirements of any governmental authority or agency, now in force or which
may hereafter be in force, pertaining to Tenant’s particular use or occupancy of the Leased Premises, including, without limitation, those which shall impose upon Landlord or Tenant any duty with respect to or triggered by a change in the use
or occupation of, or any improvement or alteration by Tenant to, the Leased Premises, and (v) comply with and obey the Rules and Regulations attached hereto as Exhibit N and as may be reasonably modified from time to time by
Landlord on reasonable notice to Tenant; provided that any application and/or enforcement of any such Rules and Regulations shall be consistently applied among the tenants and occupants of the Park and shall not, unless required by law, materially
alter, reduce or adversely affect any of Tenant’s rights or enlarge Tenant’s obligations under this Lease. Tenant shall not do or permit anything to be done in or about the Leased Premises or common areas of the Park which constitutes a
nuisance or which interferes with the rights of other tenants within the Park or injures or annoys them. Landlord shall not be responsible to Tenant for the nonperformance by any other tenant or occupant of the Park of its lease or of any rules and
regulations. Tenant shall not overload the floors of the Building or exceed traffic criteria for the truck courts beyond the Scope of Work attached hereto as Exhibit E. All damage to the floor structure or foundation of the
Building due to improper positioning or storage of items or materials beyond that contemplated in the Scope of Work attached hereto as Exhibit E shall be repaired by Landlord at the sole expense of Tenant, who shall reimburse
Landlord immediately therefor upon demand (or such cost shall be deemed Additional Rent). Tenant shall not use the Leased Premises, or allow the Leased Premises to be used, for any purpose or in any manner which would invalidate any policy of
insurance now or hereafter carried on the Building or increase the rate of premiums payable on any such insurance policy unless Tenant reimburses Landlord as Additional Rent for any increase in premiums charged. Tenant shall have access to the
Leased Premises, including, without limitation, in and out-going truck traffic for shipping and receiving of Tenant’s goods and products, twenty-four (24) hours a day, seven (7) days a week. 
 Section 5.03 Landlord’s Rights Regarding Use. In addition to the rights specified elsewhere in this Lease, Landlord shall have the
following rights regarding the use of the Leased Premises or the common areas of the Park: (a) Landlord may install such signs, advertisements, notices or tenant identification information within the Park as it shall deem necessary or proper
(provided that no such signs (other than Tenant’s Signage), advertisements, notices or tenant identification information shall be installed or displayed on the Building or within the Leased Premises, except “for sale” or “for
lease” signs nine (9) months prior to the expiration of the Lease Term, without the prior written consent of Tenant, which consent may be given or withheld in Tenant’s sole discretion); (b) Landlord shall have the right at any
time to control, change or otherwise alter the common areas of the Park as it shall deem necessary or proper; provided, however, that no such change or alteration shall adversely affect vehicular ingress to or egress from the Leased Premises;
(c) Landlord reserves the right to reserve or grant drainage and other utility easements over, upon, under and across the portion of the Leased Premises located outside the Building to the extent reasonably deemed necessary by Landlord for the
use, development or benefit of other land owned by Landlord or any affiliate of Landlord or other land in the Park, which easements shall be created by commercially reasonable easement agreements; provided, however, that such easements shall be
non-exclusive and shall not interfere with Tenant’s use of the affected portions of the Leased Premises; and (d) subject to Tenant’s security requirements, Landlord, its employees and agents shall be permitted to inspect or examine
the Leased Premises at any reasonable time upon no less than twenty-four (24) hours’ notice (except in an emergency when no notice shall be required), and to enter the Leased Premises for the purposes of showing the same to prospective
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months of the Lease Term) and performing Landlord’s obligations under this Lease; provided, however, that except in the case of an emergency, a
representative of Tenant shall have the right to accompany Landlord and its employees and agents during all such visits to the Leased Premises. Landlord shall incur no liability to Tenant for such entry, nor shall such entry constitute an eviction
of Tenant or a termination of this Lease, or entitle Tenant to any abatement of rent therefor. Notwithstanding anything herein to the contrary, Landlord’s rights pursuant to this Section 5.03 shall be subject to the conditions that
(i) the exercise of any of such rights shall not unreasonably interfere with Tenant’s use of the Leased Premises, (ii) except in emergencies, Landlord shall provide reasonable prior notice to Tenant before exercising any such rights
which may interfere with Tenant’s business, and (iii) Landlord shall use commercially reasonable efforts to minimize to the extent possible any interference with Tenant’s business. 
 ARTICLE 6 
 UTILITIES AND SERVICES 

 Tenant shall obtain in its own name and shall pay directly to the appropriate supplier the cost of all utilities and services serving the
Leased Premises, including, but not limited to: natural gas, heat, light, electrical power, water, sewer, telephone, janitorial service, refuse disposal and other utilities and services. Except as set forth below, Landlord shall not be liable in
damages or otherwise for any failure or interruption of any utility service or other service furnished to the Leased Premises; and no such failure or interruption shall entitle Tenant to terminate this Lease or withhold sums due hereunder.
Notwithstanding the foregoing, in the event that (i) such interruption is due to Landlord’s, or its employees’, agents’ or contractors’, negligence or intentional wrongful acts, and (ii) the Leased Premises are
untenantable (meaning that Tenant is not reasonably able to use such space in the normal course of its business for the Intended Use), then Tenant shall notify Landlord in writing that Tenant intends to abate rent. If service has not been restored
within five (5) days of Landlord’s receipt of Tenant’s notice, then Minimum Annual Rent and Additional Rent shall abate on a per diem basis commencing on the date of the interruption and continuing during the time when the Leased
Premises remains untenantable. Such abatement shall be Tenant’s sole remedy for Landlord’s failure to restore service as set forth above, and Tenant shall not be entitled to damages (consequential or otherwise) as a result thereof.

 ARTICLE 7 
 MAINTENANCE
AND REPAIRS 
 Section 7.01 Tenant’s Responsibility. 
 A. Except as otherwise expressly provided in Section 2.02D and Section 7.02, during the term of this Lease, Tenant shall, at its
own cost and expense, maintain the Leased Premises in good condition and repair as a warehouse/industrial development, regularly servicing and promptly making all repairs and replacements to the heating and air conditioning systems, plate glass,
floors, windows and doors, sprinkler and plumbing systems, electrical systems, interior walls, and mechanical systems. Tenant, at its expense, shall obtain a preventive maintenance contract on the heating, ventilating and air conditioning systems
which shall be subject to Landlord’s reasonable approval. Tenant shall provide Landlord with a copy of the preventive maintenance contract no later than thirty (30) days after the Commencement Date. The preventive maintenance contract
shall provide for the inspection and maintenance of the heating, ventilating and air conditioning system on not less than a semi-annual basis. 
 B. In the event Tenant Defaults in connection with its obligation to maintain or repair the Leased Premises, or in the case of emergency, in which case no Default is required, Landlord shall have the right (but not the obligation) in order
to preserve the Leased Premises or portion thereof, and/or the appearance thereof, to perform such maintenance and/or to make such repairs, or have a contractor make 

  

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such repairs, and charge Tenant for the cost thereof (including a four percent (4%) management/administrative fee for such work) as Additional Rent,
which shall be paid by Tenant within thirty (30) days following Landlord’s demand for reimbursement. Notwithstanding anything contained herein to the contrary, if Tenant Defaults more than three (3) times in any consecutive
twelve (12) month period with respect to separate instances of a particular and ongoing maintenance or repair obligation, regardless of whether such failures were ultimately cured, then Landlord may assume Tenant’s responsibilities with
respect to that particular obligation upon thirty (30) days’ prior written notice to Tenant, and upon such assumption, the costs related thereto and incurred by Landlord shall be paid by Tenant as Additional Rent (including a four percent
(4%) management/administrative fee for such work). 
 Section 7.02 Landlord’s Responsibility. 
 A. Landlord shall maintain the Leased Premises in good condition and repair, regularly servicing and promptly making all repairs and replacements to the
roof (structure and membrane), exterior walls, gutters, downspouts, structural components of the Leased Premises, landscaping, parking lot pavement and striping, all as Additional Rent subject to Sections 3.02 and 3.03 above, and
this Section 7.02. In addition to the foregoing, Landlord shall perform all maintenance and repairs necessary in connection with the drainage of surface water from the Property, including, without limitation, all maintenance and repairs
to the recharge wells and pumps and the retention ponds, if any, on or serving the Leased Premises, all as Additional Rent but subject to Sections 3.02 and 3.03 above, and this Section 7.02. 
 B. In the event Landlord fails to maintain the Leased Premises as required herein and/or if Landlord fails to commence repairs that are Landlord’s
responsibility hereunder (as requested by Tenant in writing) within thirty (30) days after such request, except in the case of emergency, when no notice is required, Tenant shall have the right (but not the obligation) in order to preserve the
Leased Premises or portion thereof, and/or the appearance thereof, to perform such maintenance and/or to make such repairs, or have a contractor make such repairs, and charge Landlord for the cost thereof (including a four percent
(4%) management/administrative fee for such work), which shall be paid by Landlord within thirty (30) days following Tenant’s demand for reimbursement. 
 Section 7.03 Provisions Governing Repairs. All repairs, modifications and replacements made by Tenant or by Landlord shall be equal in quality and class to the original work and shall be performed in
compliance with all applicable warranties in effect with respect to the Leased Premises and, with respect to modifications and replacements made by Tenant, the requirements for Tenant-made alterations (as set forth in Section 7.04
below). 
 Section 7.04 Alterations. Tenant shall not permit structural alterations or additions in or to the Leased Premises
unless and until the plans and specifications, including architectural drawings, have been approved by Landlord in writing, which approval shall not be unreasonably withheld, delayed or conditioned. Tenant shall have the right, without
Landlord’s consent and in compliance with all other provisions of this Section, to make any non-structural alterations to the Leased Premises which do not materially impact the Building’s mechanical or electrical systems and which do not
adversely affect the Building’s appearance or value, provided that Tenant gives Landlord fifteen (15) business days’ prior written notice of any such alterations, along with copies of plans and specifications relating thereto. At the
time of Landlord’s approval of any alterations (or, with respect to any alterations permitted to be made by Tenant hereunder without Landlord’s approval, within five (5) business days after Landlord receives Tenant’s
architectural drawings for the same), Landlord shall provide Tenant with notice if Landlord will require Tenant to remove the alterations and restore the Leased Premises (with respect to such alterations) upon the expiration or earlier termination
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except movable office furniture and equipment and trade fixtures, shall at the expiration or earlier termination of the Lease become a part of the realty and
the property of Landlord and shall not be removed by Tenant. If Landlord consents to Tenant’s performance of alterations or additions to the Leased Premises, then Tenant shall ensure that all such alterations and improvements which are made or
necessitated thereby shall be made in accordance with all applicable laws, regulations and building codes, in a good and workmanlike manner and in quality equal to or better than the original construction of the Building. Landlord’s approval of
the plans and specifications and architectural drawings for Tenant’s alterations shall create no responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with existing warranties or any and
all laws, rules and regulations of governmental agencies or authorities. To the extent that Tenant’s alterations or improvements void or reduce any warranties assigned hereunder, the liability shall thereafter be the responsibility of Tenant.
Tenant shall indemnify and save harmless Landlord from all costs, loss or expense in connection with any construction or installation by Tenant. No person shall be entitled to any lien directly or indirectly derived through or under Tenant or
through or by virtue of any act or omission of Tenant upon the Leased Premises for any improvements or fixtures made thereon or installed therein or for or on account of any labor or material furnished to the Leased Premises or for or on account of
any matter or thing whatsoever; and nothing in this Lease contained shall be construed to constitute a consent by Landlord to the creation of any lien. If any lien is filed against the Leased Premises for work claimed to have been done for, or
material claimed to have been furnished to, Tenant, Tenant shall cause such lien to be discharged of record within thirty (30) days after Tenant’s knowledge of the same, by bonding or in any other lawful manner. Tenant shall indemnify and
save harmless Landlord from all costs, losses, expenses, and attorneys’ fees in connection with any such lien. Provided that Duke Realty Limited Partnership is then Landlord (or affiliated with Landlord) under this Lease, Tenant agrees that at
Landlord’s option, Duke Construction Limited Partnership or a subsidiary or affiliate of Landlord (collectively, “DCLP”), who shall receive a ten percent (10%) fee as Landlord’s construction manager or general
contractor, shall perform all work on any structural alterations made to the Leased Premises on or before the fifth (5th) anniversary of the Commencement Date. DCLP shall solicit competitive bids from at least three (3) subcontractors for
each major trade. Landlord will competitively bid all subcontractors as in Section 2.02A(ii) above, and Landlord and Tenant shall review the bids jointly and Landlord shall select the subcontractors mutually agreed upon by both parties.

 ARTICLE 8 
 INDEMNITY
AND INSURANCE 
 Section 8.01 Release. Subject to Section 8.03 below, all of Tenant’s trade fixtures,
merchandise, inventory and all other personal property in or about the Leased Premises or the Building, which is deemed to include the trade fixtures, merchandise, inventory and personal property of others located in or about the Leased Premises at
the invitation, direction or acquiescence (express or implied) of Tenant (all of which property shall be referred to herein, collectively, as “Tenant’s Property”), shall be and remain at Tenant’s sole risk. Subject to
Section 8.03 below, Landlord shall not be liable to Tenant or to any other person for, and Tenant hereby releases Landlord from (a) any and all liability for theft or damage to Tenant’s Property, and (b) any and all
liability for any injury to Tenant or its employees, agents, contractors, guests and invitees in or about the Leased Premises or the Building, except to the extent caused by the negligence or willful misconduct of Landlord, its agents, employees or
contractors. Nothing contained in this Section 8.01 shall limit (or be deemed to limit) the waivers contained in Section 8.06 below. In the event of any conflict between the provisions of Section 8.06 below and
this Section 8.01, the provisions of Section 8.06 shall prevail. This Section 8.01 shall survive the expiration or earlier termination of this Lease. 
  

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 Section 8.02 Indemnification by Tenant. Tenant shall protect, defend, indemnify and hold
Landlord, its agents, employees and contractors harmless from and against any and all claims, damages, demands, penalties, costs, liabilities, losses, and expenses (including reasonable attorneys’ fees and expenses at the trial and appellate
levels) to the extent (a) arising out of or relating to any act, omission, negligence, or willful misconduct of Tenant or Tenant’s agents, employees, contractors, customers or invitees in or about the Leased Premises or the Building,
(b) arising out of or relating to any of Tenant’s Property, or (c) arising out of any other act or occurrence within the Leased Premises, in all such cases except to the extent caused by the negligence or willful misconduct of
Landlord, its agents, employees or contractors. Nothing contained in this Section 8.02 shall limit (or be deemed to limit) the waivers contained in Section 8.06 below. In the event of any conflict between the provisions of
Section 8.06 below and this Section 8.02, the provisions of Section 8.06 shall prevail. This Section 8.02 shall survive the expiration or earlier termination of this Lease. 
 Section 8.03 Indemnification by Landlord. Landlord shall protect, defend, indemnify and hold Tenant, its agents, employees and contractors
harmless from and against any and all claims, damages, demands, penalties, costs, liabilities, losses and expenses (including reasonable attorneys’ fees and expenses at the trial and appellate levels) to the extent arising out of or relating to
any act, omission, negligence or willful misconduct of Landlord or Landlord’s agents, employees or contractors. Nothing contained in this Section 8.03 shall limit (or be deemed to limit) the waivers contained in
Section 8.06 below. In the event of any conflict between the provisions of Section 8.06 below and this Section 8.03, the provisions of Section 8.06 shall prevail. This Section 8.03 shall
survive the expiration or earlier termination of this Lease. 
 Section 8.04 Tenant’s Insurance. 
 A. During the Lease Term (and any period of early entry or occupancy or holding over by Tenant, if applicable), Tenant shall maintain the following types
of insurance, in the amounts specified below: 
 (i) Liability Insurance. Commercial General Liability Insurance (which
insurance shall not exclude blanket contractual liability, broad form property damage, personal injury, or fire damage coverage) covering the Leased Premises and Tenant’s use thereof against claims for bodily injury or death and property
damage, which insurance shall provide coverage on an occurrence basis with a per occurrence limit of not less than Eleven Million Dollars ($11,000,000.00) for each policy year, which limits may be satisfied by any combination of primary and excess
or umbrella per occurrence policies, and which insurance shall contain such deductibles as Tenant may deem prudent. 
 (ii)
Property Insurance. Special Form Insurance (specifically excluding, however, flood and earthquake insurance) in the amount of the full replacement cost of Tenant’s Property and betterments (including alterations or additions performed by
Tenant pursuant hereto), which insurance shall include an agreed amount endorsement waiving coinsurance limitations and shall contain such deductibles as Tenant may deem prudent. The foregoing insurance shall not include flood or earthquake
coverage. Tenant waives any claims against Landlord for damage to Tenant’s Property to the extent Tenant’s losses would be covered by policies of flood or earthquake insurance. 
 (iii) Worker’s Compensation Insurance. Worker’s Compensation insurance in amounts required by applicable law. 

(iv) Business Interruption Insurance. Tenant will either obtain insurance or self insure for business interruption in such
amounts as Tenant deems prudent. 
  

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 B. All insurance required by Tenant hereunder shall (i) be issued by one or more insurance
companies reasonably acceptable to Landlord, licensed to do business in the State in which the Leased Premises is located and having an A.M. Best’s rating of A-:VIII or better, and (ii) provide that said insurance shall not be
materially changed, canceled or permitted to lapse on less than thirty (30) days’ prior written notice to Landlord. In addition, Tenant’s insurance shall protect Tenant and Landlord as their interests may appear, naming Landlord,
Landlord’s property manager, and any mortgagee requested by Landlord (but specifically excluding all construction managers and contractors, whether or not affiliates of Landlord, providing services in connection with the performance of the
Landlord Work), as additional insureds under its commercial general liability policies. On or before the Commencement Date (or the date of any earlier entry or occupancy by Tenant), and thereafter, within thirty (30) days prior to the
expiration of each such policy, Tenant shall furnish Landlord with certificates of insurance in the form of ACORD 25 or ACORD 25 S (or other evidence of insurance reasonably acceptable to Landlord), evidencing all required coverages,
together with a copy of the endorsement(s) to Tenant’s commercial general liability policy evidencing primary and non contributory coverage afforded to the appropriate additional insureds. If Tenant fails to carry such insurance and furnish
Landlord with such certificates of insurance, and such failure continues for a period in excess of three (3) business days, then Landlord may obtain such insurance on Tenant’s behalf and Tenant shall reimburse Landlord upon demand for the
cost thereof as Additional Rent. Effective as of the first day of the first Extension Term (if any), Landlord shall have the right from time to time (but not more frequently than every five years) to require Tenant to obtain higher minimum amounts
or different types of insurance if it becomes customary for other landlords of similar buildings in the area to require similar sized tenants in similar industries to carry insurance of such higher minimum amounts or of such different types.

 C. Tenant may provide self insurance in lieu of the insurance required in Section 8.04A by the establishment of an insurance
fund or reserve to be held and applied to make good losses from casualties, or otherwise conforming to the prudent practice of large corporations maintaining systems of self insurance. As a condition to establishing a self insurance plan in lieu of
the insurance provided in Section 8.04A, Tenant shall deliver to Landlord the following: (1) a certificate of an independent actuary or other independent, qualified person reasonably acceptable to Landlord stating that the self
insurance plan is adequate to provide the protection of the insurance policies described in Section 8.04A and (2) a balance sheet as of the end of the most recent quarter of the then-current fiscal year of Tenant (or, if the first
quarter in such fiscal year has not expired, the last quarter of the previous fiscal year), indicating that the tangible net worth of Tenant exceeds One Hundred Million Dollars ($100,000,000.00). If at any time thereafter Tenant’s tangible net
worth is less than One Hundred Million Dollars ($100,000,000.00), then Tenant shall be required to immediately obtain and maintain the insurance provided in Section 8.04A. “Tangible net worth” means the excess of total
assets over the sum of total liabilities and intangible assets (in each case, determined in accordance with GAAP). 
 Section 8.05
Landlord’s Insurance. During the Lease Term, Landlord shall maintain the following types of insurance, in the amounts specified below (the cost of which shall be included in Operating Expenses): 
 A. Liability Insurance. Commercial General Liability Insurance (which insurance shall not exclude blanket, contractual liability, broad form
property damage, personal injury, or fire damage coverage) covering the Leased Premises against claims for bodily injury or death and property damage, which insurance shall provide coverage on an occurrence basis with a per occurrence limit of not
less than Eleven Million Dollars ($11,000,000.00) for each policy year, and which limits may be satisfied by any combination of primary and excess or umbrella per occurrence policies. 
  

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 B. Property Insurance. Special Form Insurance in the amount of the full replacement cost of
the Building, including, without limitation, the Landlord Work performed pursuant to Section 2.02 above, but excluding Tenant’s Property and any other items required to be insured by Tenant pursuant to Section 8.04 above; and

 C. Builder’s Risk Insurance. During the course of any construction or repair on the Leased Premises (including, without
limitation, during the performance of the Landlord Work prior to the Commencement Date), builder’s completed value risk insurance against “all risks of physical loss,” including collapse and transit coverage, during such construction,
with deductibles not to exceed Twenty-Five Thousand Dollars ($25,000.00), in nonreporting form, covering the total value of work performed and equipment, supplies and materials furnished. Said policy of insurance shall contain the “permission
to occupy upon completion of work or occupancy” endorsement. Said policy of insurance shall provide coverage against increases in costs of construction in the minimum amount of the lesser of (i) ten percent (10%) of the replacement
cost of the Building or (ii) Five Million Dollars ($5,000,000.00). 
 Section 8.06 Landlord’s Contractors’
Insurance. In addition to and without limitation on the requirements set forth in the Lease, Landlord shall ensure that Landlord’s general contractor(s) and all subcontractors procure and maintain in full force and effect during the course
of construction on the Leased Premises all worker’s compensation insurance required by law and a policy of Commercial General Liability Insurance (which insurance shall not exclude blanket, contractual liability, broad form property damage,
personal injury, or fire damage coverage) covering the Leased Premises against claims for bodily injury or death and property damage, naming, Landlord and Tenant as additional insureds. The minimum limit of coverage of the aforesaid commercial
general liability policies shall be the following: 
 A. Landlord’s General Contractor(s) (including DCLP). The amount of not
less than Five Million Dollars ($5,000,000.00) for injury or death of one person in any one accident or occurrence and in the amount of not less than Five Million Dollars ($5,000,000.00) for injury or death of more than one person in any one
accident or occurrence. Such insurance shall further insure Landlord and Tenant against liability for property damage of at least Three Million Dollars ($3,000,000.00). 
 B. Subcontractors (Major Trades). The amount of not less than Two Million Dollars ($2,000,000.00) for injury or death of one person in any one accident or occurrence and in the amount of not less than Two
Million Dollars ($2,000,000.00) for injury or death of more than one person in any one accident or occurrence. Such insurance shall further insure Landlord and Tenant against liability for property damage of at least Two Million Dollars
($2,000,000.00). 
 C. Subcontractors (other than Major Trades). The amount of not less than One Million Dollars ($1,000,000.00) for
injury or death of one person in any one accident or occurrence and in the amount of not less than One Million Dollars ($1,000,000.00) for injury or death of more than one person in any one accident or occurrence. Such insurance shall further insure
Landlord and Tenant against liability for property damage of at least One Million Dollars ($1,000,000.00). 
 The foregoing insurance
policies shall each contain a severability of interest clause or a cross liability endorsement. 
 Section 8.07 Waiver of
Subrogation. Notwithstanding anything contained in this Lease to the contrary, Landlord and Tenant hereby waive any rights each may have against the other on account of any loss of or damage to their respective property, the Leased Premises, its
contents, of the Land and the Building arising from any risk which is required to be insured against by Sections 8.04A(ii) and Section 8.05B above. The special form coverage insurance policies maintained by Landlord and Tenant

  

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as provided in this Lease shall include an endorsement containing an express waiver of any rights of subrogation by the insurance company against Landlord
and Tenant, as applicable. In addition to the foregoing, the worker’s compensation insurance carried by Landlord’s contractors pursuant to Section 8.06 above shall include an endorsement containing an express waiver of any rights of
subrogation by the insurance company against Tenant. 
 ARTICLE 9 
 CASUALTY 
 In the event of total or partial destruction of the Building or the
Leased Premises by fire or other casualty, Landlord agrees promptly to restore and repair same to substantially the same condition as existed as of the Commencement Date, with respect to the Landlord Work required to be made by Landlord pursuant to
Section 2.02 above (and, in the event of any damage arising prior to the Commencement Date, Landlord shall repair the same and continue with the performance of the Landlord Work in accordance with the terms of this Lease). Rent shall
proportionately abate during the time that the Leased Premises or any part thereof are unusable because of any such damage. Notwithstanding the foregoing, if the Leased Premises are (a) destroyed or damaged to the extent that they cannot
reasonably be repaired or rebuilt within three hundred sixty-five (365) days from the casualty date; or (b) destroyed by a casualty that is not covered by the insurance required hereunder or by insurance actually maintained by Landlord;
then, in case of a clause (a) casualty, either Landlord or Tenant may, or, in the case of a clause (b) casualty, then Landlord may, upon thirty (30) days’ written notice to the other party, terminate this Lease with respect to
matters thereafter accruing. Any such notice of termination shall be given, if at all, not later than ninety (90) days after the casualty date (or, in the case of a notice by Tenant, ninety (90) days after Landlord informs Tenant in
writing of the projected time for the repairs and of the availability or unavailability of insurance proceeds). In addition to the foregoing, if Landlord elects to rebuild and restore the Leased Premises but fails to actually substantially complete
the same in such time so that Tenant can again occupy the Leased Premises and conduct business operations therein on or before the three hundred sixty-sixth (366th) day after the casualty date, then subject to extension for force majeure
events, Tenant shall have the right to terminate this Lease upon written notice to Landlord, which notice shall be given, if at all, not later than three hundred ninety-six (396) days after the casualty date; provided, however, that if Landlord
substantially completes the Leased Premises so that Tenant can occupy the Leased Premises and conduct business operations therein on or before the three hundred ninety-sixth (396th) day after the casualty date, then Tenant’s termination
notice shall be void. Tenant waives any right under applicable laws inconsistent with the terms of this paragraph. 
 ARTICLE 10

 EMINENT DOMAIN 
 If all
or any substantial part of the Building shall be acquired by the exercise of eminent domain, Landlord may terminate this Lease by giving written notice to Tenant on or before the date that actual possession thereof is so taken. If all or any part of
the Leased Premises shall be acquired by the exercise of eminent domain in such a manner that the Leased Premises shall become unusable by Tenant for the purpose for which it is then being used, Tenant may terminate this Lease as of the date actual
possession thereof is taken by giving written notice to Landlord. Tenant shall have no claim against Landlord on account of any such acquisition for the value of any unexpired lease term remaining after possession of the Leased Premises is taken.
All damages awarded shall belong to and be the sole property of Landlord; provided, however, that Tenant shall be entitled to any award expressly made to Tenant by any governmental authority for the cost of or the removal of Tenant’s stock,
equipment and fixtures and other moving expenses. 
  

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 ARTICLE 11 
 ASSIGNMENT AND SUBLEASE 
 Section 11.01 Assignment and Sublease. 
 A. Tenant shall have the right to assign this Lease or sublet the Leased Premises in whole or in part during the Lease Term and any extensions subject to
Landlord’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. In the event of any permitted assignment or subletting under this Section 11.01, Tenant shall remain primarily liable hereunder,
and the expansion option and right of first offer granted to Tenant pursuant to Section 17.19 and Section 17.20 below, respectively, shall be rendered void and of no further force or effect. The acceptance of rent from any other
person shall not be deemed to be a waiver of any of the provisions of this Lease or to be a consent to the assignment of this Lease or the subletting of the Leased Premises. Any assignment or sublease consented to by Landlord shall not relieve
Tenant (or its assignee) from obtaining Landlord’s consent to any subsequent assignment or sublease. 
 B. By way of example and not
limitation, Landlord shall be deemed to have reasonably withheld consent to a proposed assignment or sublease under this Section 11.01 if in Landlord’s reasonable opinion the proposed use of the Leased Premises by such assignee or
subtenant is inconsistent with the Permitted Use, or the financial worth of the proposed assignee or subtenant, together with Tenant’s financial worth, is insufficient to meet the obligations of Tenant hereunder. 
 Section 11.02 Permitted Transfer. Notwithstanding anything to the contrary contained in Section 11.01 above, Tenant shall have
the right, without Landlord’s consent, but upon ten (10) days’ prior notice to Landlord (or if such notice would violate any applicable law to which Tenant is subject, then such prior written notice shall not be required but Tenant
shall furnish such notice to Landlord immediately upon Tenant being permitted to deliver such notice under such applicable law), to (a) sublet all or part of the Leased Premises to any related corporation or other entity which controls Tenant,
is controlled by Tenant or is under common control with Tenant; (b) assign all or any part of this Lease to any related corporation or other entity which controls Tenant, is controlled by Tenant, or is under common control with Tenant, provided
that such assignee assumes all of the obligations and liabilities of Tenant hereunder arising from and after the date of such assignment and the financial worth of the assignee, together with Tenant’s financial worth, is sufficient to meet the
obligations of Tenant hereunder; or (c) assign this Lease in connection with a change of control of Tenant, including a change of control effectuated pursuant to a transfer of partnership or membership interests, or to a successor entity into
which Tenant is merged or consolidated or which acquires substantially all of Tenant’s assets or property; provided that such successor entity assumes all of the obligations and liabilities of Tenant hereunder arising from and after the date of
such assignment and the financial worth of the successor entity, together with Tenant’s financial worth (if the entity that comprises Tenant survives such transaction), is sufficient to meet the obligations of Tenant hereunder (any such entity
hereinafter referred to as a “Permitted Transferee”). Notwithstanding anything to the contrary contained in Section 11.01 above or this Section 11.02, neither a sale or transfer of Tenant’s Capital Stock (as
hereinafter defined), including, without limitation, a transfer in connection with the merger, consolidation or nonbankruptcy reorganization of Tenant and any sale through any private or public offering, nor the pledge of or grant of a security
interest in any of the Tenant’s Capital Stock shall be deemed an assignment, subletting or other transfer of this Lease or the Leased Premises. For the purpose of this Article 11 “control” shall mean ownership of
not less than fifty percent (50%) of all voting stock or legal and equitable interest in such corporation or entity. Any such transfer shall not relieve Tenant of its obligations under this Lease; and “Capital Stock” means,
with respect to any entity, any and all shares, interests, participations, rights in, or other equivalents (however designated and whether voting or non-voting) of, such entity’s capital stock 

  

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and any and all rights, warrants or options exchangeable for or convertible into such capital stock (but excluding any debt security whether or not it is
exchangeable for or convertible into such capital stock). Nothing in this paragraph is intended to nor shall permit Tenant to transfer its interest under this Lease as part of a fraud or subterfuge to intentionally avoid its obligations under this
Lease (for example, transferring its interest to a shell corporation that subsequently files a bankruptcy), and any such transfer shall constitute a Default hereunder. Any change in control of Tenant resulting from a merger, consolidation, a
transfer of partnership or membership interests, or any sale of substantially all of the assets of Tenant that does not meet the requirements of this Section 11.02 shall be deemed an assignment or transfer that requires Landlord’s
prior written consent pursuant to Section 11.01 above. 
 ARTICLE 12 
 TRANSFERS BY LANDLORD 
 Section 12.01 Sale and Conveyance of the
Building. Landlord shall have the right to sell and convey the Building or any interest in this Lease at any time during the term of this Lease following the Substantial Completion of the Leased Premises, subject only to the rights of Tenant
hereunder; and such sale and conveyance shall operate to release Landlord from liability hereunder accruing after the date of such conveyance, provided that the transferee shall have assumed all of Landlord’s obligations hereunder from and
after the date of such conveyance. Nothing contained herein shall preclude Landlord from entering into a “pre-sale” of the Building prior to the Substantial Completion of the Leased Premises, provided that such sale transaction shall not
close, and the obligations of Landlord hereunder are not assigned to the transferee, until such Substantial Completion has occurred. 
 Section 12.02 Subordination and Estoppel Certificate. Subject to Tenant’s receipt of an SNDA (as hereinafter defined) as provided below, Landlord shall have the right to subordinate this Lease to any mortgage hereafter
placed upon the Building. Within ten (10) business days following receipt of a written request from Landlord, Tenant shall execute and deliver to Landlord, without cost, a subordination nondisturbance and attornment agreement in the form of
Exhibit O hereto (an “SNDA”), which SNDA shall be effective only if the same is executed by Landlord and the holder of the mortgage, deed of trust, or other instrument of security to which this Lease is to become
subordinated by such SNDA. Additionally, from time to time, upon written request of either Landlord or Tenant, the party receiving such request shall execute, acknowledge and deliver to the requesting party or its designee, within ten (10)
business days following receipt of a written request, a commercially reasonable form of estoppel certificate certifying (i) that this Lease is in full force and effect and unmodified or stating the nature of any modification, (ii) the date
to which rent has been paid, (iii) that there are not, to the certifying party’s knowledge, any uncured defaults or specifying such defaults if any are claimed, and (iv) any other matters or state of facts reasonably required
respecting the Lease. Any such estoppel certificate delivered pursuant to this Section 12.02 may be relied upon by a prospective purchaser of Landlord’s interest or a mortgagee of Landlord’s interest or assignee of any mortgage
upon Landlord’s interest in the Leased Premises, or by any potential assignee, subtenant or other transferee of Tenant’s interest in the Leased Premises. 
 Section 12.03 Lender’s Rights. Landlord shall have the right, at any time and from time to time, to notify Tenant in writing that Landlord has placed a mortgage on the Building, specifying the
identity of the lender (“Lender”). Following receipt of such notice, Tenant agrees to endeavor to give such Lender a copy of any notice of default served by Tenant on Landlord. Tenant further agrees that if Landlord fails to cure
any default as provided in Section 13.03 herein, Lender shall have an additional thirty (30) days within which to cure such default before Tenant exercises its rights and remedies under this Lease (other than Tenant’s rights
pursuant to Section 7.02B). 
  

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 ARTICLE 13 
 DEFAULT AND REMEDY 
 Section 13.01 Default. The occurrence of any of the following shall
be deemed a Default: 
 A. Tenant fails to pay any Monthly Rental Installments or Additional Rent within five (5) days after written
notice of delinquency. 
 B. Tenant shall fail to perform or observe any term, condition, covenant or obligation (other than the obligation
to pay Monthly Rental Installments and Additional Rent) as required under this Lease for a period of thirty (30) days after notice thereof from Landlord; provided, however, that if the nature of Tenant’s default is such that more than
thirty (30) days are reasonably required to cure, then such default shall be deemed to have been cured if Tenant commences such performance within said thirty-day period and thereafter diligently completes the required action within a
reasonable time. 
 C. Tenant shall assign or sublet all or a portion of the Leased Premises in contravention of the provisions of
Article 11 of this Lease. 
 D. All or substantially all of Tenant’s assets in the Leased Premises or Tenant’s interest
in this Lease are attached or levied under execution (and Tenant does not discharge the same within ninety (90) days thereafter); a petition in bankruptcy, insolvency, or for reorganization or arrangement is filed by or against Tenant (and
Tenant fails to secure a stay or discharge thereof within ninety (90) days thereafter); Tenant shall be insolvent and unable to pay its debts as they become due; Tenant makes a general assignment for the benefit of creditors; Tenant takes the
benefit of any insolvency action or law; the appointment of a receiver or trustee in bankruptcy for Tenant or its assets if such receivership has not been vacated or set aside within ninety (90) days thereafter; dissolution or other termination
of Tenant’s corporate charter if Tenant is a corporation. 
 Section 13.02 Remedies. Upon the occurrence of any Event of
Default, Landlord shall have the following rights and remedies, in addition to those stated elsewhere in this Lease and those allowed by law or in equity, any one or more of which may be exercised without further notice to or demand upon Tenant:

 A. Landlord may re-enter the Leased Premises and cure any default of Tenant, and Tenant shall reimburse Landlord as Additional Rent for
any costs and expenses which Landlord thereby incurs; and Landlord shall not be liable to Tenant for any loss or damage which Tenant may sustain by reason of Landlord’s action, regardless of whether caused by Landlord’s negligence or
otherwise. 
 B. Without terminating this Lease, Landlord may terminate Tenant’s right to possession of the Leased Premises, and
thereafter, neither Tenant nor any person claiming under or through Tenant shall be entitled to possession of the Leased Premises, and Tenant shall immediately surrender the Leased Premises to Landlord, and Landlord may re-enter the Leased Premises
and dispossess Tenant and any other occupants of the Leased Premises by any lawful means and may remove their effects, without prejudice to any other remedy that Landlord may have. Upon termination of possession, Landlord may (i) re-let all or
any part thereof for a term different from that which would otherwise have constituted the balance of the Lease Term and for rent and on terms and conditions different from those contained herein, whereupon Tenant shall be immediately obligated to
pay to Landlord an amount equal to the present value (discounted at the Prime Rate) of the difference between the rent provided for herein and that provided for in any lease covering a subsequent re-letting of the Leased Premises, for the period
which would otherwise have constituted the balance of the Lease Term (the “Accelerated Rent Difference”), or 

  

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(ii) without re-letting, declare the present value (discounted at the Prime Rate) of all rent which would have been due under this Lease for the balance
of the Lease Term to be immediately due and payable as liquidated damages (the “Accelerated Rent”). Upon termination of possession, Tenant shall be obligated to pay to Landlord (A) the Accelerated Rent Difference or the
Accelerated Rent, whichever is applicable, (B) all loss or damage that Landlord may sustain by reason of Tenant’s Default (“Default Damages”), which shall include, without limitation, expenses of preparing the Leased
Premises for re-letting, demolition, repairs, tenant finish improvements, brokers’ commissions and attorneys’ fees, and (C) all unpaid Minimum Annual Rent and Additional Rent that accrued prior to the date of termination of
possession, plus any interest and late fees due hereunder (the “Prior Obligations”). 
 C. Landlord may terminate this Lease
and declare the Accelerated Rent to be immediately due and payable, whereupon Tenant shall be obligated to pay to Landlord (i) the Accelerated Rent, (ii) all of Landlord’s Default Damages, and (iii) all Prior Obligations. It is
expressly agreed and understood that all of Tenant’s liabilities and obligations set forth in this subsection C shall survive termination. 
 D. Landlord and Tenant acknowledge and agree that the payment of the Accelerated Rent Difference or the Accelerated Rent as set above shall not be deemed a penalty, but merely shall constitute payment of liquidated
damages, it being understood that actual damages to Landlord are extremely difficult, if not impossible, to ascertain. Neither the filing of a dispossessory proceeding nor an eviction of personality in the Leased Premises shall be deemed to
terminate the Lease. 
 E. Landlord may sue for injunctive relief or to recover damages for any loss resulting from the Default. 

F. If Landlord terminates this Lease or Tenant’s right to possession, Landlord shall use reasonable efforts to mitigate damages hereunder, which
shall not exceed those required by applicable law or such efforts as Landlord generally uses to lease other space in the Building. If Landlord has not terminated this Lease or Tenant’s right to possession, Landlord shall have no obligation to
mitigate except as required by applicable law and may permit the Leased Premises to remain vacant or abandoned. Landlord will not be deemed to have failed to mitigate if Landlord leases any other portions of the Building before reletting all or any
portion of the Leased Premises. Landlord shall not be deemed to have failed to mitigate if it incurs reasonable reletting costs. In recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord’s
rejection of a prospective replacement tenant based on an offer of rentals below Landlord’s published rates for new leases of comparable space at the Building at the time in question, or at Landlord’s option, below the rates provided in
this Lease, or containing terms less favorable than those contained herein, shall not give rise to a claim by Tenant that Landlord failed to mitigate Landlord’s damages. Notwithstanding the foregoing, Tenant shall retain the burden of pleading
mitigation of damages as an affirmative defense and retain the burden of proof. 
 Section 13.03 Landlord’s Default and
Tenant’s Remedies. Landlord shall be in default if it shall fail to perform or observe any term, condition, covenant or obligation as required under this Lease for a period of thirty (30) days after written notice thereof from Tenant
to Landlord and to any Lender of which Tenant has been notified; provided, however, that if the term, condition, covenant or obligation to be performed by Landlord is of such nature that the same cannot reasonably be performed within such thirty-day
period, then such default shall be deemed to have been cured if Landlord commences such performance within said thirty-day period and thereafter diligently completes the same within a reasonable time. Upon the occurrence of any such default, Tenant
may sue for injunctive relief or to recover damages for any loss resulting from the breach, but Tenant shall not be entitled to terminate this Lease or withhold, offset or abate any rent due hereunder except as may be expressly set forth herein.

  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 Section 13.04 Limitation of Landlord’s Liability. If Landlord shall fail to perform
or observe any term, condition, covenant or obligation required to be performed or observed by it under this Lease and if Tenant shall, as a consequence thereof, recover a money judgment against Landlord (whether compensatory or punitive in nature),
Tenant agrees that it shall look solely to Landlord’s right, title and interest in and to the Leased Premises (and any proceeds thereof) for the collection of such judgment; and Tenant further agrees that no other assets of Landlord shall be
subject to levy, execution or other process for the satisfaction of Tenant’s judgment and that Landlord shall not be personally liable for any deficiency. 
 The references to “Landlord” in this Lease shall be limited to mean and include only the owner or owners, at the time, of the fee simple interest in the Leased Premises. In the event of a sale or transfer of
such interest (except a mortgage or other transfer as security for a debt), the “Landlord” named herein, or, in the case of a subsequent transfer, the transferor, shall, after the date of such transfer, be automatically released from all
liability for the performance or observance of any term, condition, covenant or obligation thereafter required to be performed or observed by Landlord hereunder, provided that the transferee shall have assumed all of such terms, conditions,
covenants and obligations. 
 Section 13.05 Nonwaiver of Defaults. Neither party’s failure or delay in exercising any of its
rights or remedies or other provisions of this Lease shall be construed to be a waiver thereof or affect its right thereafter to exercise or enforce each and every such right or remedy or other provision. No waiver of any default shall be deemed to
be a waiver of any other default. Landlord’s receipt of less than the full rent due shall not be construed to be other than a payment on account of rent then due, nor shall any statement on Tenant’s check or any letter accompanying
Tenant’s check be deemed an accord and satisfaction, and Landlord may accept such payment without prejudice to Landlord’s right to recover the balance of the rent due or to pursue any other remedies provided in this Lease. No act or
omission by Landlord or its employees or agents during the term of this Lease shall be deemed an acceptance of a surrender of the Leased Premises, and no agreement to accept such a surrender shall be valid unless in writing and signed by Landlord.

 Section 13.06 Attorneys’ Fees. If either party defaults in the performance or observance of any of the terms, conditions,
covenants or obligations contained in this Lease and the non-defaulting party obtains a judgment against the defaulting party, then the defaulting party agrees to reimburse the non-defaulting party for reasonable attorneys’ fees incurred in
connection therewith. In addition, if a monetary Default shall occur and either party engages outside counsel to exercise its remedies hereunder, and then the defaulting party cures such monetary Default, the defaulting party shall pay to the
non-defaulting party, on demand, all expenses incurred by the non-defaulting as a result thereof, including reasonable attorneys’ fees, court costs and expenses actually incurred. 
 ARTICLE 14 
 LANDLORD’S RIGHT TO RELOCATE TENANT 
 [INTENTIONALLY OMITTED]. 
 ARTICLE 15 
 NOTICE AND PLACE OF PAYMENT 
 Section 15.01 Notices. Any notice required or permitted to be given under this Lease or by law shall be deemed to have been given if it is
written and delivered in person or by overnight courier or mailed by certified mail, postage prepaid, to (i) the party who is to receive such notice at the address specified in the Basic Lease Provisions and (ii) in the case of a default
notice from Tenant to Landlord, any Lender designated by Landlord. When so mailed, the notice shall be deemed to have been given as of the date it was received. Either party may change its notice address(es) by giving written notice thereof to the
other party. 
  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 Section 15.02 Place of Payment. All payments required to be made by Tenant to Landlord
shall be delivered or mailed to Landlord’s management agent at the address specified in the Basic Lease Provisions or any other address Landlord may specify from time to time by written notice to Tenant. 
 ARTICLE 16 
 TENANT’S RESPONSIBILITY
REGARDING 
 ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES 
 Section 16.01 Definitions. 
 A.
“Environmental Laws” – All federal, state and municipal laws, ordinances, rules and regulations applicable to the environmental and ecological condition of the Leased Premises, including, without limitation, the Federal
Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended; the Federal Resource Conservation and Recovery Act; the Federal Toxic Substance Control Act; the Clean Air Act; the Clean Water Act; the rules and regulations
of the Federal Environmental Protection Agency, or any other federal, state or municipal agency or governmental board or entity having jurisdiction over the Leased Premises. 
 B. “Hazardous Substances” – Includes: 
 (i) Those substances included within the definitions of “hazardous substances,” “hazardous materials,” “toxic substances” “solid waste” or “infectious waste” in any of
the Environmental Laws; and 
 (ii) Such other substances, materials and wastes which are or become regulated under applicable
local, state or federal law, or which are classified as hazardous, toxic or infectious under present or future Environmental Laws or other federal, state, or local laws or regulations. 
 Section 16.02 Compliance. Tenant, at its sole cost and expense, shall promptly comply with the Environmental Laws which shall impose any duty
upon Tenant with respect to Tenant’s use, handling, generating, storage or disposal of Hazardous Substances on or about the Leased Premises. Tenant shall promptly comply with any notice from any source issued pursuant to the Environmental Laws
or with any notice from any insurance company pertaining to Tenant’s use, handling, generating, storage or disposal of Hazardous Substances on or about the Leased Premises, whether such notice shall be served upon Landlord or Tenant.

 Section 16.03 Restrictions on Tenant. Tenant shall not cause or permit to occur: 
 A. Any violation of the Environmental Laws related to environmental conditions on, under, or about the Leased Premises, or arising from Tenant’s
use, handling, generating, storage or disposal of Hazardous Substances on or about the Leased Premises, including, but not limited to, soil and ground water conditions. 
 B. The use, generation, release, manufacture, refining, production, processing, storage or disposal of any Hazardous Substances on, under, or about the Leased Premises, or the transportation to or from the Leased
Premises of any Hazardous Substances, except as necessary and appropriate for Tenant’s Intended Use in which case the use, storage or disposal of such Hazardous Substances shall be performed in compliance with the Environmental Laws.

  

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THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 Section 16.04 Notices, Affidavits, Etc. 
 A. Tenant shall immediately notify Landlord of (i) any violation by Tenant, its employees, agents, representatives, customers, invitees or
contractors of the Environmental Laws on, under or about the Leased Premises, or (ii) the presence or suspected presence of any Hazardous Substances on, under or about the Leased Premises and shall immediately deliver to Landlord any notice
received by Tenant relating to (i) and (ii) above from any source. 
 B. Tenant shall execute affidavits, representations and the
like from time to time, within five (5) days of Landlord’s request therefor, concerning Tenant’s actual knowledge (without duty of investigation) regarding the presence of any Hazardous Substances on, under or about the Leased
Premises. 
 Section 16.05 Landlord’s Rights. 
 A. Landlord and its agent shall have the right, but not the duty, upon advance notice (except in the case of emergency when no notice shall be required) to inspect the Leased Premises and conduct tests thereon at any
time to determine whether or the extent to which there has been a violation of Environmental Laws by Tenant or whether there are Hazardous Substances on, under or about the Leased Premises. In exercising its rights herein, Landlord shall use
reasonable efforts to minimize interference with Tenant’s business but such entry shall not constitute an eviction of Tenant, in whole or in part, and Landlord shall not be liable for any interference, loss, or damage to Tenant’s property
or business caused thereby. Additionally, Landlord shall provide reasonable prior notice to Tenant before exercising any such rights which may interfere with Tenant’s business. 
 B. If Landlord, any lender or governmental agency shall ever require testing to ascertain whether there has been a release of Hazardous Substances on,
under or about the Leased Premises or a violation of the Environmental Laws, and such requirement arose in whole or in part because of Tenant’s failure to comply with its obligations under this Article 16, then the reasonable costs
thereof shall be reimbursed by Tenant to Landlord upon demand as Additional Rent. 
 Section 16.06 Tenant’s Indemnification.
Tenant shall indemnify and hold harmless Landlord and Landlord’s managing agent from any and all claims, loss, liability, costs, expenses or damage, including attorneys’ fees and costs of remediation, incurred by Landlord in connection
with any breach by Tenant of its obligations under this Article 16. The covenants and obligations of Tenant under this Article 16 shall survive the expiration or earlier termination of this Lease. 
 Section 16.07 Landlord’s Indemnification. In the event that Landlord or Landlord’s affiliates, employees, contractors or agents
shall use, release or dispose of any Hazardous Substances in, on or about the Leased Premises or the Park in violation of any Environmental Laws, Landlord shall remediate the same to the extent required by Environmental Laws at Landlord’s sole
cost and expense (and the same shall not be included in Additional Rent). 
 Section 16.08 Existing Conditions. 
 A. Landlord hereby represents and warrants to Tenant that, as of the date of this Lease to the best of Landlord’s knowledge and based solely upon
Landlord’s environmental report relating to the Land, there are, and as of the Commencement Date there will be, no Hazardous Substances in, on, under or about the Leased Premises in violation of Environmental Laws. 
  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 B. Notwithstanding anything contained in this Article 16 to the contrary, Tenant shall
not have any liability to Landlord under this Article 16 resulting from any conditions existing, or events occurring, or any Hazardous Substances existing or generated, at, in, on, under or in connection with the Leased Premises prior to
the Commencement Date of this Lease (or any earlier occupancy of the Leased Premises by Tenant) except to the extent Tenant knowingly exacerbates the same. 
 ARTICLE 17 
 MISCELLANEOUS 
 Section 17.01 Benefit of Landlord and Tenant. This Lease and all of the terms and provisions hereof shall inure to the benefit of and be
binding upon Landlord and Tenant and their respective successors and assigns. 
 Section 17.02 Governing Law. This Lease shall be
governed in accordance with the laws of the State of Ohio. 
 Section 17.03 Guaranty. [INTENTIONALLY
OMITTED]. 
 Section 17.04 Force Majeure. Landlord and Tenant shall each be excused for the
period of any delay in the performance of any obligation hereunder when such delay is occasioned by causes beyond their respective control, including, but not limited to, war, invasion or hostility; work stoppages, boycotts, slowdowns or strikes;
shortages of materials, equipment, labor or energy; man-made or natural casualties; unusual weather conditions; acts or omissions of governmental or political bodies; or civil disturbances or riots; provided that the party claiming the benefit of
such force majeure shall provide to the other party prompt written notice and reasonable evidence of the occurrence of such force majeure event and shall cooperate with the other party in taking all such commercially reasonable actions as may be
necessary or appropriate to mitigate, avoid or lessen the adverse effects of such force majeure event. 
 Section 17.05 Condition of
Premises. Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the Leased Premises or the Building or with respect to the suitability or condition of any part thereof for the
conduct of Tenant’s business except as provided in this Lease. 
 Section 17.06 Examination of Lease. Submission of this
instrument for examination or signature to Tenant does not constitute a reservation of or option for Lease, and it is not effective as a Lease or otherwise until execution by and delivery to both Landlord and Tenant. 
 Section 17.07 Indemnification for Leasing Commissions. The parties hereby represent and warrant that the only real estate brokers involved in
the negotiation and execution of this Lease are the Brokers named in the Basic Lease Provisions and that no other broker or person is entitled to any leasing commission or compensation as a result of the negotiation or execution of this Lease. Each
party shall indemnify and hold the other harmless from any and all liability for the breach of this representation and warranty on its part and shall pay any compensation to any other broker or person who may be deemed or held to be entitled
thereto. 
 Section 17.08 Quiet Enjoyment. If Tenant shall perform all of the covenants and agreements herein provided to be
performed by Tenant, Tenant shall, at all times during the Lease Term, have the quiet enjoyment and peaceful possession of the Leased Premises without hindrance from Landlord or any persons lawfully claiming under Landlord. 
  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 Section 17.09 Severability of Invalid Provisions. If any provision of this Lease shall be
held to be invalid, void or unenforceable, the remaining provisions hereof shall not be affected or impaired, and such remaining provisions shall remain in full force and effect. 
 Section 17.10 Financial Statements. During the Lease Term and any extensions thereof, Tenant shall provide to Landlord on an annual basis,
within ninety (90) days following the end of Tenant’s fiscal year, a copy of Tenant’s most recent financial statements prepared as of the end of Tenant’s fiscal year, which statements shall be audited and shall be prepared in
conformity with GAAP. Notwithstanding the foregoing, provided that Tenant is a public company, Tenant shall only be required to deliver to Landlord the financial statements and other information which Tenant delivers to the SEC or which is otherwise
publicly available. Landlord shall keep Tenant’s financial statements confidential, except that (i) Landlord shall have the right to disclose such statements to prospective purchasers and lenders and to Landlord’s partners, property
managers, consultants and advisors, including accountants and attorneys, and otherwise as required by law or legal process, and (ii) Landlord shall have no obligation to maintain the confidentiality of any financial statements or other
information which has been delivered to the SEC or is otherwise in the public domain. 
 Section 17.11 Representations and
Warranties. Landlord and Tenant each represent and warrant to the other that (i) such party is a legal entity that is duly organized, validly existing and in good standing in accordance with the laws of the state under which it was
organized; (ii) all action necessary to authorize the execution of this Lease has been taken; and (iii) the individual executing and delivering this Lease on behalf of such party has been authorized to do so, and such execution and
delivery shall bind such party. 
 Section 17.12 Representations and Indemnifications. Any representations and indemnifications
of Landlord contained in the Lease shall not be binding upon (i) any mortgagee having a mortgage presently existing or hereafter placed on the Building, or (ii) a successor to Landlord which has obtained or is in the process of obtaining
fee title interest to the Building as a result of a foreclosure of any mortgage or a deed in lieu thereof. 
 Section 17.13 Agency
Disclosure. Tenant acknowledges having previously received and reviewed the Agency Disclosure Statement and Tenant acknowledges that said Statement is signed and attached hereto and made a part hereof as Exhibit P. The broker
representing Landlord, as provided in the Basic Lease Provisions, its agent and employees, have represented only Landlord, and have not in any way represented Tenant, in the marketing, negotiation, and completion of this lease transaction.

 Section 17.14 Landlord Lien Waiver. Notwithstanding anything herein to the contrary, Landlord subordinates any and all rights,
title and interest Landlord now has, or hereafter may have, whether statutory or otherwise, to Tenant’s inventory, equipment, furnishings, trade fixtures, fixtures, books and records and personal property owned or leased by Tenant located at
the Leased Premises (singly and/or collectively, the “Collateral”), to the lien of any lender providing financing to Tenant that is secured by the Collateral. Landlord further agrees that Tenant shall have the right, at its
discretion, to mortgage, pledge, hypothecate or grant a security interest in the Collateral (or its leasehold interest therein) as security for its obligations under any equipment lease or other financing arrangement related to the conduct of
Tenant’s business at the Leased Premises. Concurrently with the execution of this Lease, Landlord shall execute and deliver to Tenant Landlord’s waiver (the “Waiver Form”) in the form of Exhibit Q
hereto. Landlord further agrees to execute and deliver within ten (10) business days following 

  

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THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 
any request therefore any UCC filing statement or other documentation with respect to any such lease or financing arrangement, and any real estate consent or
subordination forms submitted by any vendors, equipment lessors, chattel mortgagees, lenders, or holders or owners of the Collateral, so long as such forms are substantially similar to the Waiver Form in all material aspects (“Equipment
Lessors”). The Collateral shall not become the property of Landlord or a part of the realty no matter how affixed to the Leased Premises and may be removed by Tenant or any Equipment Lessors or lenders at any time and from time to time
during the entire term of this Lease. Tenant shall promptly repair any damage caused by the removal of such property, whether effected by Tenant or Equipment Lessors or lenders. 
 Section 17.15 Confidentiality. Landlord and Tenant hereby agree that until the expiration or earlier termination of this Lease, all terms and
conditions of the Lease shall be kept strictly confidential. Accordingly, no portion of the Lease or any other drafts or documents prepared in connection with this Lease (including that certain CRA and Zoning Agreement to be entered into by the
Village of West Jefferson, a municipal corporation in the State of Ohio, for the benefit of Tenant), shall be disclosed to any other person or entity except as provided on a “need to know” basis to their respective accountants, attorneys,
consultants, engineers, lenders, or any potential occupants of the Leased Premises. Additionally, both Landlord and Tenant shall have the right, without the consent of the other, to disclose information with respect to the Lease (and including,
without limitation, if required, the entire Lease) that is in the public domain and/or as may be required by applicable law or as may be legally required in connection with any enforcement actions under this Lease. 
 Section 17.16 Consent. Where the consent of a party is required, such consent will not be unreasonably withheld, conditioned or delayed, and
whenever this Lease grants Landlord or Tenant the right to take action, exercise discretion, establish rules and regulations or make an allocation or their determination, Landlord and Tenant shall act reasonably and in good faith. 
 Section 17.17 Time. Time is of the essence of each term and provision of this Lease. 
 Section 17.18 Patriot Act. Each of Landlord and Tenant, each as to itself, hereby represents its compliance with all applicable anti-money
laundering laws, including, without limitation, the USA Patriot Act, and the laws administered by the United States Treasury Department’s Office of Foreign Assets Control, including, without limitation, Executive Order 13224 (“Executive
Order”). Each of Landlord and Tenant further represents (i) that it is not, and it is not owned or controlled directly or indirectly by any person or entity, on the SDN List published by the United States Treasury Department’s
Office of Foreign Assets Control and (ii) that it is not a person otherwise identified by government or legal authority as a person with whom a U.S. Person is prohibited from transacting business. As of the date hereof, a list of such
designations and the text of the Executive Order are published under the internet website address www.ustreas.gov/offices/enforcement/ofac. 
 Section 17.19 Option to Expand. Any time prior to [*] and provided that: (i) no default (beyond applicable notice and cure periods) has occurred and is then continuing, (ii) the creditworthiness of Tenant is not
materially different than it was on the Commencement Date, and (iii) Tenant originally named herein or its Permitted Transferee remains in possession of the Leased Premises, Tenant shall have an option to expand the Leased Premises by
approximately [*] rentable square feet [*] (the “Expansion Space”). In the event Tenant elects to exercise its expansion option, Tenant shall provide Landlord with written notice of its desire to expand on or before
[*] or this right shall be null and void. The term for the Expansion Space shall be for fifteen (15) years from the Substantial Completion of the Expansion Space and the Lease Term for the existing Leased Premises shall be extended to be
conterminous with term of the Expansion Space. 
  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 If Tenant exercises the expansion option contained herein, then Landlord shall promptly design and
construct the Expansion Space utilizing design, review, construction, installation, warranty and phased occupancy procedures consistent with the procedures set forth in Section 2.02 above. Landlord and Tenant shall act reasonably and in
good faith to agree upon the Minimum Annual Rent for the Expansion Space, but in no event shall such Minimum Annual Rent exceed an amount equal to the product resulting from multiplying the Landlord Expansion Cost (as hereinafter defined) by a
rental rate constant based upon a [*] basis point increase over the then-published ten (10) year United States Treasury Note Rate (as published in the Wall Street Journal or, if the Wall Street Journal is no longer
published, a substitute publication reasonably acceptable to Landlord and Tenant) as of the Expansion Space Rent Commencement Date (as hereinafter defined). 
 The “Expansion Space Rent Commencement Date” shall mean the date when the construction of the Expansion Space is Substantially Completed in accordance with the final expansion plan, so that Tenant can
lawfully occupy the Expansion Space as evidenced by the issuance of a Certificate of Occupancy by the applicable governing authority. 
 “Landlord Expansion Cost” shall mean all Landlord costs including, but not limited to, site acquisition costs (which costs shall, for purposes of this Section 17.19, be stipulated to equal [*] per acre of
land), site costs, the total cost of the design and construction of the Expansion Space including all construction costs, architectural, civil and design fees, site preparation and construction costs, building and interior construction, additional
landscaping, professional fees, permits, licenses, title costs, material testing, construction financing interest accrued during the construction, brokerage commissions, a development fee [*], and a reasonable construction fee to be included
in the contractor’s bid. Landlord will competitively bid all subcontractors as in Section 2.02A(ii) above, and Landlord and Tenant shall review the bids jointly and Landlord shall select the subcontractors mutually agreed upon by
both parties. Following the selection of the subcontractors, Landlord shall notify Tenant in writing of the Landlord Expansion Cost (the “Expansion Cost Statement”). Notwithstanding anything to the contrary contained herein, Tenant
shall have the right to rescind its exercise of the expansion option if Tenant does not approve the Expansion Cost Statement within thirty (30) days of receipt of the same. 
 Landlord and Tenant shall enter into a lease amendment incorporating the terms provided above. 
 Section 17.20 Right of First Offer. Anytime prior to [*] and provided that (i) Tenant has timely exercised its Option to Expand
under Section 17.19, (ii) no default (beyond applicable notice and cure periods) has occurred and is then continuing and (iii) the creditworthiness of Tenant is not materially different than it was on the Commencement Date, and
(iv) Tenant originally named herein or its Permitted Transferee remains in possession of the Leased Premises, Landlord shall, before entering into a build-to-suit lease with a third party for a building to be constructed on [*] shown
cross-hatched on the attached Exhibit R (the “Offer Space”), or a third-party construction contract or land purchase and sale agreement for the Offer Space, notify Tenant in writing of the availability of the
Offer Space and setting forth the terms and conditions upon which Landlord is willing to build and lease, or sell the Offer Space to Tenant (“Landlord’s Notice”). Tenant shall have fifteen (15) business days from its
receipt of Landlord’s Notice to deliver to Landlord a written notice agreeing to lease or purchase the Offer Space on the terms and conditions contained in Landlord’s Notice (“Tenant’s Acceptance”). In the event
Tenant fails to deliver Tenant’s Acceptance to Landlord within said fifteen (15) business day period, then such failure shall be conclusively deemed a rejection of the Offer Space and a waiver by Tenant of this right of first offer and
Landlord shall be free to lease or sell the Offer Space to a third party; provided that Landlord shall not execute a lease or purchase and sale agreement for the Offer Space later than one (1) year following the date of Landlord’s Notice,
without sending a new Landlord’s Notice to Tenant, in which event Tenant may exercise its rights with respect to such Landlord’s Notice in accordance with this Section 17.20. If Tenant properly exercises its right of first
offer, Landlord and Tenant shall enter into a separate lease or purchase and sale agreement (consistent with the form of this Lease in the case of a lease) setting forth the terms and conditions of the Offer Space. 
  

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IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 Section 17.21 Option to Extend. 
 A. Grant and Exercise of Option. Provided that no default (beyond applicable notice and cure periods) has occurred and is then continuing, Tenant
shall have the option to extend the Lease Term for three (3) additional periods of five (5) years each (the “Extension Term(s)”). Each Extension Term shall be upon the same terms and conditions contained in the Lease
except (x) this provision giving three (3) extension options shall be amended to reflect the remaining options to extend, if any, and (y) any improvement allowances or other concessions applicable to the Leased Premises under the
Lease shall not apply to the Extension Term, and (z) the Minimum Annual Rent shall be adjusted as set forth below (the “Rent Adjustment”). Tenant shall exercise each option by delivering to Landlord, no later than
twelve (12) months prior to the expiration of the preceding term, written notice of Tenant’s desire to extend the Lease Term. Tenant’s failure to timely exercise such option shall be deemed a waiver of such option and any succeeding
option. Landlord shall notify Tenant of the amount of the Rent Adjustment no later than ninety (90) days prior to the commencement of the Extension Term. Tenant shall be deemed to have accepted the Rent Adjustment if it fails to deliver to
Landlord a written objection thereto within ten (10) business days after receipt thereof. If Tenant properly exercises its option to extend, Landlord and Tenant shall execute an amendment to the Lease reflecting the terms and conditions of the
Extension Term within thirty (30) days after Tenant’s acceptance (or deemed acceptance) of the Rent Adjustment. 
 B. Rent
Adjustment. Subject to arbitrations as set forth below, the Minimum Annual Rent for the applicable Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective tenants for space of comparable
size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinity; provided, however, that if Tenant delivers to Landlord a written objection to Landlord’s
calculation of the Rent Adjustment within ten (10) business days after Tenant’s receipt of Landlord’s determination of the Rent Adjustment, and the parties cannot agree on a Rent Adjustment within ten (10) days after
Tenant’s written objection then Tenant may, in its sole and absolute discretion, either retract its exercise of its option to extend or choose arbitration to determine the Rent Adjustment. If Tenant chooses arbitration, Tenant shall give
Landlord written notice of its desire to seek arbitration within five (5) days after expiration of such ten (10) day period (“Arbitration Notice”). Within ten (10) days after Tenant provides Landlord with its
Arbitration Notice, the parties shall each appoint an appraiser to determine the Rent Adjustment for the Leased Premises. Each appraiser so selected shall be either an MAI appraiser or a licensed real estate broker, each having at least
ten (10) years prior experience in the appraisal or leasing of comparable space in the metropolitan area in which the Leased Premises are located and with a working knowledge of current rental rates and practices. If the two appraisers cannot
agree upon the Rent Adjustment for the Leased Premises within twenty (20) days after their appointment, then, within ten (10) days after the expiration of such twenty (20) day period, the two appraisers shall select a third appraiser
meeting the above criteria. Once the third appraiser has been selected as provided for above, then such third appraiser shall within ten (10) days after appointment make its determination of the Rent Adjustment. The average of the two closest
determinations of the Rent Adjustment shall be used as the Minimum Annual Rent for the applicable Extension Term and shall be binding on both Landlord and Tenant. Landlord and Tenant shall each bear the cost of its appraiser and shall share the cost
of the third. If Tenant fails to provide the Arbitration Notice as provided above, then Tenant’s exercise of its option to extend shall be deemed retracted. 
  

 –33 

 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 Section 17.22 Ohio Economic Development Incentives. 
 A. The CRA Agreement. By Tenant’s execution of this Lease and acceptance of the delivery of the Leased Premises, Tenant hereby recognizes
that the Leased Premises is subject to that certain Community Reinvestment Area Agreement (the “CRA Agreement”) entered into under Ohio Revised Code Sections 3735.65 through 3735.70 (the “CRA Act”) by and
between the Village of West Jefferson, Ohio (the “Village”) and Landlord, a true and accurate copy of which is attached hereto as Exhibit S. Landlord shall perform and observe with respect to the Project Site
those obligations, agreements, covenants and restrictions of the Owner contained in the CRA Agreement, subject to this Section 17.22A. Tenant hereby acknowledges and agrees that Tenant is relying upon Tenant’s examination of the CRA
Agreement and Landlord has not made and is not making any express or implied warranties, whether oral or written, with respect to the CRA Agreement. Unless otherwise defined in this Lease, capitalized terms utilized in this Section 17.22
shall have the definitions assigned to them in the CRA Agreement. 
 B. Tenant’s Obligations. Tenant shall provide to Landlord,
as soon as possible following written request and no later than within thirty (30) days following written request, such information as Landlord may request from time to time relating to Tenant’s business operations in the Leased Premises
as shall be necessary for Landlord to perform its obligations under the CRA Agreement. Such information shall include, but not be limited to, the following: (1) Federal Employer Identification Number of Tenant; (2) a breakdown of all
full-time and part-time permanent and temporary employees working in the Leased Premises during the previous calendar year, including the beginning and ending dates of each employee’s employment; (3) the cost of any tangible personal
property owned or leased by Tenant and located within the Leased Premises; and (4) real property taxes paid and foregone by Tenant with respect to the Leased Premises. 
 C. Waiver. Tenant hereby waives any claim, or cause or right of action of any nature whatsoever against Landlord for the modification, suspension
or termination of or any failure to receive any exemptions provided under the CRA Agreement with regard to the Leased Premises or property located therein, unless such modification, suspension or termination of or failure to receive exemptions is
the direct and proximate result of Landlord’s failure to perform its obligations under the CRA Agreement or Landlord’s gross negligence or willful misconduct. 
 Section 17.23 Signage. Landlord shall provide to Tenant, as part of the Allowance Work to the Leased Premises, the signage described in the Allowance Construction Drawings, including, without limitation,
exterior façade and pylon/monolith signage. Landlord shall be responsible for obtaining all permits required for the installation of such signage. Tenant shall have exclusive exterior and interior signage rights relating to the Leased
Premises, including, without limitation, any monument signage. During the Lease Term, Tenant shall have the right, at its sole cost and expense, to install additional or substitute signage in, on or about the Leased Premises, provided that:
(i) Tenant complies with all zoning and other municipal and county regulations, and (ii) the location, style and size of such additional or replacement signage shall be subject to Landlord’s prior written approval, which approval
shall not be unreasonably withheld, delayed or conditioned. The initial signage installed by Landlord in accordance with the Construction Drawings, and such additional or substitute signage as may be installed by Tenant, shall be herein referred to
collectively as “Tenant’s Signage.” Tenant agrees to maintain Tenant’s Signage in good condition and repair, and any replacement or substitute signage installed by Tenant shall be maintained by Tenant in compliance with
all zoning and building codes throughout the Lease Term. Upon expiration or early termination of the Lease Term, Tenant shall remove Tenant’s Signage and repair all damage to the Building caused thereby, returning the Building to the condition
existing prior to the installation of Tenant’s Signage. Landlord shall install the initial Tenant’s Signage as part of the 

  

 –34 

 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

 
Landlord Work, in accordance with all laws, codes and ordinances but, thereafter, Landlord does not warrant the continuing availability of such Tenant’s
Signage to Tenant. The obligations of Tenant herein shall survive the expiration or earlier termination of this Lease. 
 Section 17.24
Memorandum of Lease. Tenant shall not record this Lease in any form during the Lease Term, including any renewals or extensions thereof; provided, however, Landlord and Tenant shall record a memorandum of lease (“Memorandum”)
in the form attached hereto as Exhibit T. Tenant shall pay all costs incurred in the preparation and recording of the Memorandum. In addition, Tenant shall be obligated to release the Memorandum, at its cost, upon expiration or
earlier termination of this Lease. 
 Section 17.25 Reasonable Expenditures. Any expenditure by a party permitted or required
under this Lease, for which such party is entitled to demand and does demand reimbursement from the other party, shall be reasonably incurred, and shall be substantiated by documentary evidence available for inspection and review by the other party
or its representative during normal business hours. The terms of this Section 17.25 shall not apply to the payment of Additional Rent by Tenant, which shall be governed solely by the terms of Section 3.03 above, nor shall it
apply to Section 2.02. 
 Section 17.26 Contingency. This Lease is contingent upon Landlord acquiring the Land on or
before September 1, 2007. Upon the satisfaction of this contingency, Landlord and Tenant shall execute an amendment removing the contingency from this Lease. In the event the above contingency is not satisfied, upon written notice from
Landlord, this Lease shall be null and void and of no further force or effect. 
 [SIGNATURES CONTAINED ON THE FOLLOWING PAGES]

  

 –35 

 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

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

					
	LANDLORD:	 	DUKE REALTY LIMITED PARTNERSHIP,
an Indiana limited partnership
			
		 	By:	 	Duke Realty Corporation,
an Indiana corporation,
its general partner
			
		 	By:	 	/s/ James T. Clark
		 		 	James T. Clark
		 		 	 Senior Vice President
 Columbus
Operations

  

					
	STATE OF OHIO	  	)	  	
		  	)	  	SS:
	COUNTY OF FRANKLIN	  	)	  	

 Before me, a Notary Public in and for said County and State, personally appeared James T.
Clark, by me known and by me known to be the Senior Vice President, Columbus Operations, of Duke Realty Corporation, an Indiana corporation, general partner of Duke Realty Limited Partnership, an Indiana limited partnership, who acknowledged
execution of the foregoing “Lease Agreement” on behalf of said partnership. 
 WITNESS my hand and Notarial Seal
this 7th day of August, 2007. 
  

	
	
	/s/ Lauren H. McElhaney
	Notary Public
	
	Lauren H. McElhaney
	Printed Signature

 My Commission Expires: 10.19.09 
 My County of Residence: Franklin 
  

 –36 

 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED
IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF
THE SECURITIES ACT OF 1933, AS AMENDED. 
  

					
	TENANT:  	 	 RESTORATION HARDWARE, INC.,
 a Delaware corporation

			
		 	By:	 	/s/ Chris Newman
		 	Name:	 	Chris Newman
		 	Title:	 	Senior Vice President, Chief Financial Officer

 STATE OF CALIFORNIA 
 COUNTY OF MARIN 
 On August 6,
2007, before me, Stephanie Borzoni Alvarez, notary public, personally appeared 
 Chris Newman, 
  ̈ personally known to me    –OR– 
  ̈ proved to me on the basis of satisfactory evidence to be the
person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person or the entity upon behalf of which the person acted,
executed the instrument. 
  

	
	WITNESS my hand and official seal.
	
	/s/ Stephanie Borzoni Alvarez
	Signature of Notary

  

 –37First Amendment to Lease Agreement

 Exhibit 10.2 
 FIRST AMENDMENT TO LEASE 
 THIS FIRST AMENDMENT TO LEASE (this “Amendment”) is entered into as of August 27, 2007, by and between DUKE
REALTY LIMITED PARTNERSHIP, an Indiana limited partnership (“Landlord”), and RESTORATION HARDWARE, INC., a Delaware corporation
(“Tenant”). 
 RECITALS 
 A. Landlord and Tenant entered into that certain Lease Agreement, dated as of August 3, 2007 (the “Original Lease”), which covers all of that certain to-be-constructed building, as well as the
land it shall be situated on (the “Land”), located on Enterprise Parkway in that certain common interest industrial park commonly referred to as Park 70 in West Jefferson, Ohio, as more particularly described in the Original
Lease. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Original Lease. 
 B. Landlord has
acquired the Land prior to the September 1, 2007 deadline established under the Original Lease. 
 C. Landlord and Tenant now desire to
amend the Original Lease to remove the contingency, subject to each of the terms, conditions, and provisions set forth herein. The Original Lease as amended by this Amendment shall be referred to herein as the “Lease.” 

AGREEMENT 
 NOW THEREFORE, in consideration of the agreements of Landlord and Tenant herein contained and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant
hereby agree as follows: 
  

	1.	CONTINGENCY 

 Section 17.26 of
the Lease is hereby deleted in its entirety and is of no further force and effect. 
  

	2.	GENERAL PROVISIONS 

 (a) Entire Agreement. This Amendment constitutes the entire understanding of the parties with respect to the subject matter hereof and all prior agreements, representations, and understandings between the parties, whether oral
or written, are deemed null, void and of no force or effect, all of the foregoing having been merged into this Amendment. The parties acknowledge that each party and/or its counsel have reviewed and revised this Amendment and that no rule of
construction to the effect that any ambiguities are to be resolved against the drafting party shall be employed in the interpretation of this Amendment. 
 (b) Reaffirmation of Lease. Landlord and Tenant hereby acknowledge and agree that the Original Lease, as modified by this Amendment, is hereby reaffirmed, ratified, and confirmed in its entirety and,
except as set forth in this Amendment, the Original Lease remains unmodified and in full force and effect. In the event of any inconsistency between the provisions of the Original Lease and this Amendment, the terms of this Amendment shall control.

  

 1 

 (c) Governing Law. This Amendment shall be governed by, construed and enforced in
accordance with, the laws of the State of Ohio. 
 (d) Counterparts. This Amendment may be executed in two or more
counterparts, which when taken together shall constitute one and the same instrument. The parties contemplate that they may be executing counterparts of the Amendment transmitted by facsimile and agree and intend that a signature by facsimile
machine shall bind the party so signing with the same effect as though the signature were an original signature. 
 [Remainder of Page
Intentionally Left Blank] 
  

 2 

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

					
	LANDLORD:  	 	 DUKE REALTY LIMITED PARTNERSHIP,
 an Indiana limited partnership

			
		 	By:	 	Duke Realty Corporation,
an Indiana corporation,
its general partner
			
		 	By:	 	/s/ James T. Clark
		 		 	 James T. Clark
 Senior Vice President

Columbus Operations

		
	TENANT:	 	 RESTORATION HARDWARE, INC.,
 a Delaware corporation

			
		 	By:	 	/s/ Chris Newman
		 	Name:	 	Chris Newman
		 	Title:	 	Chief Financial Officer

  

 3

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