Document:

EX-10.15

 Exhibit 10.15 

FORM OF CONTRACT MANUFACTURING AGREEMENT 

This Contract Manufacturing Agreement (this “Agreement”) is made and entered into as of [•], 2022 (the
“Effective Date”) by and between Becton, Dickinson and Company, a New Jersey corporation (“BD”), and Embecta Corp., a Delaware corporation (“SpinCo”). Parent and SpinCo are sometimes referred to
herein individually as a “Party” and collectively as the “Parties.” 
 RECITALS 

WHEREAS, the board of directors of BD (the “BD Board”) has determined that it is in the best interests of BD and its
shareholders to create a new publicly traded company that will operate its diabetes care business (the “DC Business”); 

WHEREAS, in furtherance of the foregoing, the BD Board has determined that it is appropriate and desirable to separate the DC Business
from the other businesses of BD (the “Separation”) and, following the Separation, make a distribution, on a pro rata basis, to shareholders of BD of all of the outstanding shares of capital stock of SpinCo owned by BD (the
“Distribution”); 
 WHEREAS, SpinCo has been incorporated solely for these purposes and has not engaged in any
activities except in connection with the Separation and the Distribution; 
 WHEREAS, each of BD and SpinCo has determined that it is
appropriate and desirable to set forth certain agreements that will govern certain matters relating to the Separation and the Distribution and the relationship of BD, SpinCo and their respective affiliates following the Distribution; and 

WHEREAS, to facilitate the prompt assumption by Customer of all manufacturing activities for the Products, Supplier shall supply the
Products and provide related services and manufacturing activities for Customer for a transitional period, subject to the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the foregoing and the covenants and promises contained herein, the receipt and sufficiency of which
is hereby acknowledged, the Parties hereby agree as follows: 
 1. DEFINITIONS 

Capitalized terms used but not defined herein shall have the meaning given to such terms in the Separation and Distribution Agreement. The
following capitalized terms shall have the following meanings as used in this Agreement: 
 1.1 “Agreement” has the meaning
set forth in the Preamble. 
 1.2 “Binding Commitment” has the meaning set forth in the Statement of Work. 

 

 1.3 “Business Day” means (a) any day other than a Saturday, Sunday or
a day on which banking institutions are authorized or obligated by law to be closed in New York, New York or (b) any day other than any day on which banking institutions are authorized or obligated by law to be closed in the country in which
the Facility is located. 
 1.4 “cGMP” means the then-current Good Manufacturing Practices as defined by the FDA in Title 21
of the Code of Federal Regulations. 
 1.5 “Change of Control” means with respect to a Party, (a) a merger or
consolidation of such Party with a third party that results in the voting securities of such Party outstanding immediately prior thereto, or any securities into which such voting securities have been converted or exchanged, ceasing to represent at
least fifty percent (50%) of the combined voting power of the surviving entity or the parent of the surviving entity immediately after such merger or consolidation, (b) a transaction or series of related transactions in which a third party,
together with its Affiliates, becomes the beneficial owner of fifty percent (50%) or more of the combined voting power of the outstanding securities of such Party, or (c) the sale or other transfer to a third party, directly or indirectly, of
all or substantially all of such Party’s assets or business to which the subject matter of this Agreement relates. 
 1.6
“Claim” has the meaning set forth in Section 10.3. 
 1.7 “Complaint” means any
written or oral expression or dissatisfaction relative to the identity, quality, durability, reliability, safety, effectiveness, or performance of a Product including, but not limited to, actual or suspected Product tampering, contamination,
mislabeling, or wrong components. 
 1.8 “Conforming Purchase Order” means a Purchase Order for a given Month that
(a) specifies the quantity of Product, by SKU, as set forth for the first Month of the then-current Rolling Forecast Binding Commitment, (b) otherwise complies with the terms of this Agreement, including specifying Product quantities by
SKU that, for each Product SKU (i) are equal to or greater than the Monthly Period Product Quantity Minimum, (ii) are integer multiples of the Minimum Lot Size, and (iii) are no greater than the applicable Monthly Period Product
Quantity Cap, and (c) specifies a required delivery date that is no earlier than the last day of the Month to which such Purchase Order applies. For the avoidance of doubt, an internal order between the Parties while SpinCo is under the
Transition Services Agreement and Logistics Services Agreement shall be deemed a Purchase Order hereunder. 
 1.9 “Customer”
means [BD and its designated subsidiaries] OR [SpinCo and its designated subsidiaries], as applicable. 
 1.10
“Effective Date” has the meaning set forth in the Preamble. 
 1.11 “Facility” has the meaning set forth in
the Statement of Work. 
 1.12 “FDA” means the United States Food and Drug Administration. 

  
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 1.13 “FDA Approval” means, in respect of the Products, all necessary
Regulatory Approvals granted by the FDA for the manufacture, sale and distribution of the Products in the United States. 
 1.14
“Field Action” has the meaning set forth in Section 9.1. 
 1.15 “Fiscal Year”
means each twelve (12)-Month period between October 1st and September 30th, provided that (a) the first “Fiscal Year” of the Term will commence on the Effective Date and end on the first occurrence of September 30th thereafter
and (b) the final “Fiscal Year” of the Term will end on the termination of this Agreement. As used in this Agreement, “Year 1” shall mean the first Fiscal Year of the Term, “Year 2” shall mean the second Fiscal
Year of the Term, and so forth. 
 1.16 “Fixed Assets” has the meaning set forth in the Statement of Work. 

1.17 “Force Majeure Event” has the meaning set forth in Section 14.8. 

1.18 “Governmental Authority” means any nation or government, any state, municipality or other political subdivision thereof,
and any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal, state, local, domestic, foreign or multinational, exercising executive, legislative, judicial, taxing, regulatory,
administrative or other similar functions of, or pertaining to, government and any executive official thereof. 
 1.19
“Implementation Plan” has the meaning set forth in Section 7.4. 
 1.20 “Inspection
Period” has the meaning set forth in Section 4.4(a). 
 1.21 “Labeling Modifications” has
the meaning set forth in Section 8.1. 
 1.22 “Losses” has the meaning set forth in
Section 10.1. 
 1.23 “Maximum Allowance Purchase Cap” has the meaning set forth in the Statement
of Work. 
 1.24 “Minimum Lot Size” has the meaning set forth in the Statement of Work. 

1.25 “Month” means a calendar month; provided that the first Month shall commence on the Effective Date and shall end
on the last day of the Month in which the Effective Date occurs. 
 1.26 “Monthly Period Product Quantity Cap” has the
meaning set forth in Section 2.2. 
 1.27 “Monthly Period Product Quantity Minimum” has the
meaning set forth in Section 2.2. 
 1.28 “New Manufacturing Process” means a manufacturing
process introduced by Supplier into the manufacture of the Products after the Effective Date without either of (i) Customer’s written request for such manufacturing process or (ii) Customer’s written approval of such manufacturing
process. 

  
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 1.29 “Non-Conforming Purchase
Order” has the meaning set forth in Section 4.2(c). 
 1.30 “Party” or
“Parties” has the meaning set forth in the Preamble. 
 1.31 “Pricing Principles” has the meaning set forth
in Exhibit [ ] under the heading “Pricing Principles”. 
 1.32 “Product Group” has the meaning set forth in the
Statement of Work. 
 1.33 “Product Price” has the meaning set forth in Section 3.1. 

1.34 “Products” shall mean the products listed by SKU in the Statement of Work. 

1.35 “Purchase Order” means a firm, written order for manufacturing and delivery of Products submitted by Customer to
Supplier. 
 1.36 “Purchased Inventory” means all inventory of finished Products under the heading entitled “Purchased
Inventory” in the Statement of Work. 
 1.37 “Raw Materials” means all raw materials used to make the Product. 

1.38 “Regulatory Approval” means any and all clearances and approvals (including supplements, amendments, label expansions, pre- and post- approvals), licenses, registrations, or authorizations of any Governmental Authority that are necessary for the manufacture, distribution, use, and sale of the Products in a regulatory jurisdiction
and, for the purpose of the United States, means FDA Approval. 
 1.39 “Rejection Notice” has the meaning set forth in
Section 4.4(a). 
 1.40 “Representative(s)” means (a) with respect to Supplier: Supplier, its
affiliates and each of their respective officers, directors, employees, consultants, contractors and agents, in each case to the extent designated by Supplier to perform all or any portion of its obligations under this Agreement, and (b) with
respect to Customer: Customer, its affiliates and each of their respective officers, directors, employees, consultants, contractors and agents, in each case to the extent authorized to receive any Product on behalf of Customer or perform any of
Customer’s obligations under this Agreement. 
 1.41 “Rolling Forecast” has the meaning set forth in
Section 4.1. 
 1.42 “Rolling Forecast Change Parameter” has the meaning set forth in
Section 4.1(a). 
 1.43 “Semi-Binding Commitment” has the meaning set forth in the Statement of
Work. 
 1.44 “Separation and Distribution Agreement” has the meaning set forth in the Recitals. 

  
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 1.45 “SKU” means, with respect to each Product, such Product’s stock
keeping unit identifier as identified on the Statement of Work under the heading “[Products]”. 
 1.46
“Specifications” means the specifications for the Products by SKU set forth in the Statement of Work under the heading “[Specifications]”. 

1.47 “Statement of Work” means the terms and conditions set forth in Exhibit A hereto. 

1.48 “Sterilization” means the administration of an agreed upon anti-microbial process. 

1.49 “Supplier” means [BD and its designated subsidiaries] OR [SpinCo and its designated subsidiaries] as
applicable. 
 1.50 “Term” has the meaning set forth in the Statement of Work. 

1.51 “Withholding Agent” has the meaning set forth in Section 3.4. 

2. PURCHASE AND SUPPLY 
 2.1
Purchase and Supply. During the applicable Term, Customer agrees to purchase from Supplier, and Supplier agrees to supply to Customer, Products (and, if applicable, related services) in such quantities as may be ordered by Customer pursuant
to Purchase Orders as provided in Section 4.2 below (subject, in each case, to the limitations and requirements of Section 2.2), and at such prices as provided in the Statement of Work. 

2.2 Order Minimums and Maximums. In accordance with the provisions of Section 4 below, Customer shall place
Purchase Orders with Supplier for any given month for an amount of units of Product not less than the amount set forth in the Statement of Work under the heading “Monthly Period Product Quantity Minimum” (the “Monthly Period
Product Quantity Minimum”) and not more than the amount set forth in the Statement of Work under the heading “Monthly Period Product Quantity Cap” (the “Monthly Period Product Quantity Cap”). Notwithstanding any
provision of this Agreement to the contrary, except as mutually agreed by the Parties in writing pursuant to Section 4.2(c), Supplier shall not during any twelve (12)-month period, be required to supply any quantity of any
Product Group or Product SKU, as applicable, that is greater than the amount set forth in the Statement of Work under the heading “Yearly Period Product Quantity Cap” for such Product Group or Product SKU, as applicable (the
“Yearly Period Product Quantity Cap”). For the avoidance of doubt, the Purchased Inventory purchased by Customer under this Agreement shall not count towards any Monthly Period Product Quantity Minimum, any Monthly Period Product
Quantity Cap or any Yearly Period Product Quantity Cap. 
 2.3 Manufacturing Activities. Except as otherwise contemplated by the
Statement of Work, Supplier shall be responsible for the procurement of Raw Materials and the manufacturing, labeling, assembly, packaging and Sterilization (if applicable) in accordance with the applicable Specifications, and delivery of Products
in accordance with the Statement of Work. 

  
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 2.4 Performance through Representatives. Except as otherwise contemplated by the
Statement of Work, Customer acknowledges and agrees that Supplier will at the Effective Date be performing and may continue to perform all or part of its obligations under this Agreement itself or through one or more of its Representatives or third
party contractors; provided, however, that if Supplier desires to perform any obligation under this Agreement (including Sterilization) through a Representative or third party contractor that is not performing such activity as
of the Effective Date, then Supplier shall first obtain Customer’s prior written consent, such consent not to be unreasonably withheld, delayed or conditioned; and, provided further, that Supplier shall remain responsible for any of its
obligations under this Agreement that are performed by its Representatives or third party contractors. For the avoidance of doubt, each Party’s right to assign this Agreement in whole or in part shall be subject to
Section 14.1. 
 2.5 Standards. Supplier shall (a) use reasonably qualified personnel in connection
with manufacturing the Products for Customer and perform such manufacturing activities in a competent and workmanlike manner consistent with prevailing industry standards and in material compliance with applicable laws, the terms of this Agreement,
the Statement of Work and the Specifications, and (b) obtain and maintain all material licenses, permits or approvals required by applicable laws in connection with the manufacture of Products for Customer, including permits related to the
Facility. Except as may be required to comply with applicable laws (in which case Supplier shall supply Customer with at least ninety (90) days advance written notice), Supplier shall not amend, change or supplement (i) the Specifications,
(ii) the processes and procedures for manufacturing the Products, or (iii) the Facility, in each case without Customer’s prior written consent. 

2.6 Excused Performance. Notwithstanding any provision of this Agreement to the contrary, Supplier shall have no obligation to
manufacture, sell or supply Products (whether at all or in such quantities as Customer submits in Purchase Orders) or to make deliveries hereunder, and shall not be in breach of this Agreement, to the extent Supplier is prevented from performing
such activities as a result of (a) Customer’s failure to perform its obligations under this Agreement, (b) Customer’s failure to reasonably promptly approve an alternative supplier of Raw Materials or service provider following
Supplier’s written request for such approval made either (i) pursuant to Section 2.4 or (ii) for purposes of complying with changes in applicable law. 

2.7 Capacity Increases. The Parties acknowledge and agree that for each Product Group and Produce SKU, as applicable, Supplier shall not
be required to supply an amount of Product in any Fiscal Year in excess of the amount set forth under the heading Maximum Allowable Purchase Cap in the Statement of Work. 

3. PRICING; BILLING 
 3.1
Pricing. For each unit of a Product SKU supplied by Supplier and delivered to Customer hereunder (with the exception of the Purchased Inventory), Customer shall pay to Supplier the corresponding per unit price set forth on the Statement of
Work (the “Product Price”), subject to adjustment in accordance with Section 3.2 and Section 8.1, and which shall take into account any adjustments resulting from changes in the
cost of manufacturing such Product as set forth in the Statement of Work. No consideration or amount shall be payable in respect of the Purchased Inventory. 

  
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 3.2 Other Fees. Without limiting Customer’s obligations to pay or reimburse
Supplier for any costs set forth in this Agreement, Customer shall pay Supplier the fees described in this Section 3.2. 

(a) Non-Recurring Fees. Customer shall pay Supplier the following when and as the same are
incurred by Supplier: 
 (i) special, one-time or extraordinary costs incurred by Supplier to comply
with changes in applicable law (for the avoidance of doubt, to the extent allocable to the manufacturing, labeling, assembly, packaging, Sterilization (if applicable) and delivery of Products); provided that, to the extent permitted by
applicable law, Supplier shall provide Customer with prior written notice of such proposed additional costs, including a reasonably detailed description of such costs; 

(ii) all costs (including additional labor or third-party service charges) associated with the installation and testing of new capital
equipment ordered and installed pursuant to Section 7.3, including molds, molding presses, packaging and ancillary equipment in each case necessary for the continued manufacture of the Products during the Term (for the
avoidance of doubt, to the extent allocable to the manufacturing, labeling, assembly, packaging, Sterilization (if applicable) and delivery of Products); 

(iii) when and as the same are incurred by Supplier: (A) any
out-of-pocket costs and expenses incurred by Supplier in connection with inspections or audit by any Governmental Authority with respect to any Product, including any
audit fees charged by Governmental Authorities for audits or inspections of any Facility, in each case to the extent relating to the manufacture, assembly, packaging, labeling, Sterilization (if applicable) and delivery of any Product; and
(B) all out-of-pocket costs and expenses incurred by Supplier in connection with Field Actions or Complaints, to the extent such costs are not expressly required to
be borne by Supplier pursuant to Section 9; 
 (iv) where either (A) Supplier is required by applicable law
to obtain a new third party supplier of Raw Material or service provider or re-qualify an existing third party supplier or service provider, (B) a current supplier of Raw Material discontinues supplying
such Raw Materials, experiences a supply shortage, supply failure or force majeure event, or ceases to do business (whether by means of bankruptcy or otherwise), or (C) the Parties agree in writing that Supplier will obtain a new third party
supplier of Raw Material or service provider or re-qualify an existing third party supplier or service provider, in each case Customer shall reimburse Supplier for all costs in connection therewith (including
the costs of any new services, engineering fees and qualification costs); and 
 (v) any costs or expenses incurred by Supplier associated
with any delays caused by Customer, including delays caused by labeling changes pursuant to Section 8.  

3.3 Billing. Either within thirty (30) days after the end of each Month or upon delivery of Products, Supplier shall send Customer
one or more invoices setting forth in reasonable detail the aggregate amount owed by Customer to Supplier for Products delivered to Customer during such Month, with a breakdown showing: (a) the quantity of Products delivered to Customer during

  
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such Month by Product SKU based on accepted Purchase Orders, pursuant to Section 4.5, or as otherwise mutually agreed, (b) the unit and aggregate Product Price for each Product,
(c) all applicable taxes (as a separate line item); and (d) any other amounts owed by Customer to Supplier under this Agreement that became due and payable during such Month. Customer shall pay Supplier within ninety (90) days of
receipt of the applicable invoice. 
 3.4 Taxes. All charges under this Agreement are exclusive of any taxes, including sales, use,
VAT, consumption, excise, withholding, or similar taxes (other than taxes based on Supplier’s or its affiliate’s net income) that may apply to the transactions contemplated by this Agreement. Customer shall be responsible for paying all
such taxes. Supplier may collect such Taxes from Customer as required by law. If any payments under this Agreement are subject to withholding or deduction, the applicable party (the “Withholding Agent”) shall be entitled to withhold
or deduct such amounts as required by applicable law, provided that prior to such withholding or deduction, the Withholding Agent shall give written notice of its intention to withhold or deduct and allow the other party sufficient time to
furnish any required documentations and forms to minimize or eliminate such withholding or deduction. The Withholding Agent shall pay all such withheld or deducted amounts to the applicable governmental authority. For the avoidance of doubt, the
provisions of this Section 3.4 shall apply to affiliates of Supplier and Customer as if such affiliate were Supplier or Customer, as applicable. 

4. ORDERS; DELIVERY; PERIODIC REVIEWS 

4.1 Forecasts. 
 (a) On or
before the fifteenth (15th) day of each Month, Customer shall furnish Supplier with a rolling forecast of the number of units of each Product (on a Product
Group-by-Product Group basis or Product SKU-by-SKU basis as set forth in the applicable
Statement of Work) that Customer reasonably expects to order for the following twelve (12) Months beginning with the following Month (the “Rolling Forecast”). The initial Rolling Forecast, which has been initially agreed by the
Parties, is attached to the applicable Statement of Work. Each Rolling Forecast must comply with Customer’s Monthly Period Product Quantity Minimum commitment with respect to each Product Group or Product SKU, as applicable and must forecast
quantities of Product in integer multiples of the Minimum Lot Size for each applicable Product Group or Product SKU, as applicable, but may not, for any forecasted Month, exceed the Monthly Period Product Quantity Cap with respect to any Product
Group or Product SKU, as applicable. Except as otherwise set forth in the Statement of Work, the first three (3) Months of each Rolling Forecast shall be binding upon Customer and Supplier (each, a “Binding Commitment”) and
each of Months four (4) through twelve (12) of each Rolling Forecast may be increased or decreased by Customer by no more than the percent set forth in the applicable Statement of Work (under the heading “Rolling Forecast Change
Parameter”) of the number of units of such Product (on a Product Group-by-Product Group basis or Product SKU-by-SKU basis as set forth on the applicable Statement of Work) for the same Month in the immediately preceding submitted Rolling Forecast (each, a “Semi-Binding Commitment”). To the
extent that a Rolling Forecast is not communicated by the Customer by fifteenth (15th) day of the then-current Month, the Parties agree that the Rolling Forecast for such Month shall be established by giving effect to the most recent Rolling
Forecast and substituting the remaining Months with the quantity set forth in the Monthly Period Product Quantity Cap for any remaining Months of the most recent Rolling Forecast, subject, in all cases, to the limitations and requirements set forth
in Section 2.2 and this Section 4.1. 

  
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 (b) With respect to each Fiscal Year during the Term following Year 1, on or before
July 31 of the prior Fiscal Year, Customer shall submit to Supplier an initial forecast of orders by Product for such Fiscal Year, and shall be deemed to be the Rolling Forecast for the period starting on October 1 of such Fiscal Year and
ending on September 30 of such Fiscal Year. Supplier shall update each and every Product SKU pricing, consistent with the Pricing Principles, by August 31st prior to the upcoming Fiscal Year,
which shall be the pricing for the next Fiscal Year. Such updated price list shall be deemed to supersede and replace the prior pricing in each Statement of Work. The new pricing shall be effective on October 1 of the applicable Fiscal Year.

 4.2 Purchase Orders. 

(a) On the Effective Date, Customer shall place a Purchase Order for Products in the Purchased Inventory, which Customer shall acquire at no
cost. For clarity, no Purchased Inventory included in such initial Purchase Order shall be counted against any Monthly Period Product Quantity Minimum, Monthly Period Product Quantity Cap or Yearly Period Product Quantity Cap required hereunder, and
the Purchased Inventory shall not be subject to the Minimum Lot Size or considered part of any Rolling Forecast. 
 (b) Not less than thirty
(30) days prior to the first day of each Month, Customer shall submit a Conforming Purchase Order for the quantity of Products set forth for the first Month of the then-current Binding Commitment. All Conforming Purchase Orders shall become
binding on Supplier and Customer when received by Supplier, subject to Section 2.2. 
 (c) Customer may, from time
to time, in Customer’s discretion, place a Purchase Order for Products that is not a Conforming Purchase Order (a “Non-Conforming Purchase Order”). To the extent the quantity of a Product
set forth for any Month on a Non-Conforming Purchase Order (when combined with the quantity of such Product set forth in the Conforming Purchase Order for such Month submitted pursuant to
Section 4.2(b)) exceeds the Binding Commitment in such month or the Monthly Period Product Quantity Cap for such Product, the Parties will work together in good faith to attempt to meet Customer’s demand, subject to
capacity limitations, the availability of Raw Materials and the availability and capacity of Supplier’s third party service providers; provided that Supplier shall have no obligation to meet such additional demand or otherwise supply
Product pursuant to any Non-Conforming Purchase Order. Notwithstanding anything provided herein to the contrary, the Parties acknowledge that in the event that BD, as Customer hereunder, places a Conforming
Purchase Order to SpinCo, as Supplier hereunder, that SpinCo cannot satisfy solely based on BD’s inability or limitations to supply Raw Material under any Ancillary Agreement (taking into consideration, among other things, SpinCo’s ability
to procure the substantial equivalent of such Raw Materials from third parties), then SpinCo, as Supplier hereunder, shall not be in breach of this Agreement solely because of SpinCo’s inability to fulfil such Conforming Purchase Order, and
only for the duration of BD’s inability or limitations to supply Raw Material under any Ancillary Agreement, and the Parties shall work in good faith to resolve such issues. 

  
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 (d) The terms and conditions of each Purchase Order (including any Conforming Purchase Order
and Non-Conforming Purchase Order) shall be consistent with this Agreement and the Statement of Work, and to the extent any Purchase Order, invoice, acknowledgment or other form used by Supplier or Customer
contains any provisions that are in addition to or contrary to the provisions of this Agreement or the Statement of Work, such additional or contrary provision shall have no force or effect and the terms of this Agreement or the Statement of Work,
as applicable, shall govern (unless otherwise agreed to by the Parties in writing). 
 (e) Any portion of or all of a Purchase Order
(including any Conforming Purchase Order and Non-Conforming Purchase Order) that is not submitted in accordance with this Agreement shall be deemed rejected by Supplier unless accepted by Supplier by written
notice provided by Supplier to Customer within fifteen (15) days of receipt by Supplier of such Purchase Order. For clarity, any rejected Purchase Order shall not constitute a Purchase Order in satisfaction of Customer’s obligation to
purchase the Monthly Period Product Quantity Minimum. 
 4.3 Delivery; Title; Risk of Loss. Delivery terms for Products shall be FCA
warehouse. Title and risk of loss of the Products shall pass to Customer upon receipt by Customer’s carrier. 
 4.4 Product
Inspection; Acceptance. 
 (a) Customer shall have the right to inspect any shipment of Products for damage, failure to provide the
quantity provided in a Purchase Order or other non-conformity with Supplier’s warranties set forth in Section 5.1, in each case at the time of delivery pursuant to
Section 4.3, within the period of sixty (60) days from the date of delivery of such Products (the “Inspection Period”), provided, however, with respect to any non-conformity with Supplier’s warranties set forth in Section 5.1 that is not reasonably detectable, the Inspection Period shall be extended to the date that is the earlier of
(a) fifteen (15) days after the date such non-conformity is first detected. Claims on account of non-conformity, loss or damage to Product shall be made by Customer
in writing within the applicable Inspection Period (a “Rejection Notice”). Any such Rejection Notice shall be accompanied by reasonable supporting evidence that shows that there was a default in the quantity of the Product delivered
to Customer by Supplier or that some or all of the Product delivered to Customer by Supplier was not manufactured in accordance with the applicable Specifications or otherwise breaches Supplier’s warranties set forth in
Section 5.1, in each case at the time of delivery pursuant to Section 4.3. If no Rejection Notice is delivered by Customer within the applicable Inspection Period, the Product shall be deemed
accepted by Customer. 
 (b) Customer’s sole remedy with respect to rejected Product shall be cancellation of the Purchase Order with
respect to the rejected Products and shipment of replacement Products in the same quantities as provided in the previously rejected Products Purchase Order. Supplier shall resupply any replacement Products within twelve (12) weeks of
Supplier’s receipt of an undisputed Rejection Notice; provided that, in each case, Supplier shall use commercially reasonable efforts to supply such replacement Products before the end of such twelve (12)-week period, to the extent
Supplier is able to do so based on Supplier’s available Raw Materials and manufacturing capacity. Supplier shall pay expenses related to the proper destruction of non-conforming Products to the extent
such expense is reasonably necessary. At Supplier’s written request, Customer shall return to Supplier, at Supplier’s sole cost and expense, any non-conforming Products in accordance with the written
instructions provided by Supplier to Customer. 

  
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 4.5 Failure to Purchase Minimum Quantities. After the end of each applicable period
during the Term, Supplier may review the quantities of each Product Group or Product SKU, as applicable, ordered by Customer pursuant to Purchase Orders during such period. If such quantities are below the Monthly Period Product Quantity Minimum or
the applicable Binding Commitments for the applicable Product Groups or Product SKU, as applicable, Supplier may, after delivering to Customer the quantity of associated Products, invoice Customer for such shortfall, such invoice price to be
calculated as the amount equal to the Product Price multiplied by the difference between (a) the greater of the applicable Binding Commitments or Monthly Period Product Quantity Minimum for the applicable period and (b) the number of units
actually ordered pursuant to Purchase Orders for such period, in each case with respect to the applicable Product Groups and Product SKUs, as applicable. Customer shall pay such invoice within ninety (90) days of receipt, provided
that the Products are or were actually delivered and conform to the requirements of this Agreement. 
 5. MANUFACTURE  

5.1 Product Warranty. 
 (a)
Supplier represents and warrants that: 
 (i) The Products shall, as applicable, be manufactured, packaged, labeled, handled, stored,
transported, Sterilized and delivered (i) in accordance with applicable law and Section 4.3 in the quantities set forth in the applicable Purchase Order and (ii) consistent in in all material respects with the
Specifications (for the avoidance of doubt, the warranty with regards to Sterilization is only a warranty that an agreed upon process for anti-microbials has been administered to the Products, and not a warranty as to the results of any such
process); 
 (ii) The warranties set forth in this Section 5.1 shall not apply to the extent any claim arises
after delivery to Customer in accordance with Section 4.3 as a result of (a) any Product having been misused, neglected, improperly handled, altered, abused or used for any purpose other than the one for which it was
manufactured or other conditions beyond the control of Supplier or its Representatives, (b) any damage or defects caused by unauthorized repair or use of unauthorized parts or components or any other condition beyond the control of Supplier or
its Representatives, (c) any specifications or instructions provided to Supplier by Customer or any breach by Customer of its obligations under this Agreement, and (d) any damage or defect as a result of the actions or inactions of
Customer or its Representatives. 
 (b) Customer’s sole and exclusive remedy for, and Supplier’s sole obligation under the warranty
set forth in Section 5.1(a)(i) are set forth in Section 4.4(b). 

  
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 THE WARRANTIES SET FORTH IN SECTION 5.1 SHALL BE IN LIEU OF ALL OTHER WARRANTIES, AND SUPPLIER HEREBY
DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. WITHOUT LIMITING THE FOREGOING, SUPPLIER EXPRESSLY DISCLAIMS
ANY REPRESENTATIONS AND WARRANTIES REGARDING THE PERFORMANCE, SAFETY, AND EFFICACY OF THE PRODUCTS, WHETHER ALONE OR IN COMBINATION WITH ANY OTHER PRODUCTS OR COMPONENT(S). CUSTOMER HEREBY ACCEPTS SUCH DISCLAIMERS. 

5.2 Product Issues. Supplier will promptly, and in any case no later than five (5) Business Days, notify Customer of any lot
failure, manufacturing problems or similar issues that may impact Customer’s ability to distribute Products to its customers. 
 5.3
Reliance on Customer Instructions and Performance. In performing its obligations under this Agreement, Supplier will be entitled to rely upon any written instructions or written authorizations provided to Supplier by Customer’s
Representatives. Supplier will be relieved of its obligation to perform any obligation under this Agreement to the extent it is prevented from performing such obligation by (a) its compliance with such written instructions or
(b) Customer’s failure to perform its obligations under this Agreement. 
 5.4 Product Combination Disclaimer. Supplier
expressly disclaims any representations or warranties regarding the performance, safety and efficacy of the Product to the extent such Product is combined with any drug or compound produced by a third party, and Customer acknowledges and agrees to
such disclaimer. Supplier shall not be liable to Customer for any damages claimed by any Person due to the use of any Product to the extent such damages resulted from any compound or drug manufactured, produced or otherwise supplied by any third
party, unless any such damages are a result of the gross negligence or willful misconduct of Supplier. 
 6. PROCUREMENT OF RAW MATERIALS 

6.1 Management of Raw Materials. Supplier shall be responsible for procuring Raw Materials, except where otherwise set forth in the
Statement of Work. 
 6.2 Changes. Supplier will promptly notify Customer upon receiving any communication from a supplier with
respect to material limitations on production capacity or inventory, or any notice of discontinuation of production of, any Raw Materials that is reasonably likely to have a material impact on the manufacture and supply of Products for Customer.

 7. [FIXED ASSETS 
 7.1
Ownership of Fixed Assets. The Parties acknowledge that the Fixed Assets are owned by Customer, but shall be located in the Supplier Facility and used by Supplier to manufacture the Products hereunder throughout the Term. Supplier will use
reasonable care in operating and maintaining the Fixed Assets in an acceptable state of repair and operating efficiency so as to meet the Specifications, and Supplier shall pay for all
out-of-pocket costs incurred to perform routine repairs, replacement or maintenance of the Fixed Assets to the extent required as a result of Supplier’s gross
negligence or willful misconduct. 

  
 12 

 7.2 Maintenance. Consistent with past practices for the twelve (12) month period
immediately prior to the Effective Date, Supplier shall use commercially reasonable efforts to conduct regularly scheduled routine maintenance of the Fixed Assets. By no later than April 1 of each year, commencing April 1, 2023, Supplier
shall make available to Customer, upon Customer’s thirty (30) days’ advance written request a condition report and schedule of budgeted costs of maintenance on such Fixed Assets along with a reasonably detailed maintenance log of any
maintenance performed during the prior year. Supplier shall use commercially reasonable efforts to maintain reasonably appropriate insurance coverage with respect to the Fixed Assets. Customer shall be responsible for all costs and expenses related
to maintenance and replacement of the Fixed Assets (including the non-routine maintenance and replacement of Fixed Assets), except as set forth herein. 

7.3 New Equipment. Supplier may recommend whether and when Customer should purchase new equipment or machinery, including molds, molding
presses, packaging, and ancillary equipment relating to the Products, and whether to replace existing equipment or machinery, in each case to the extent reasonably necessary to continue the manufacture of Products under this Agreement. Customer
shall be solely responsible for approving, ordering, purchasing and insuring any such equipment or machinery (and the delivery, installation and similar expenses related thereto). Any such equipment or machinery shall be ordered, purchased, and
owned by Customer. Notwithstanding the foregoing, Customer shall not order, have delivered or install any equipment in Supplier’s Facility without Supplier’s prior written consent. Notwithstanding any provision of this Agreement to the
contrary, and without limiting the foregoing, Supplier shall have no obligation to manufacture, sell or supply Products (whether at all or in such quantities as Customer submits in Purchase Orders) or to make deliveries to Customer hereunder to the
extent Customer fails to purchase, or delays in purchasing, equipment or machinery in accordance with this Section 7.3. 

7.4 Relocation. No less than ninety days before the anticipated expiration or termination of the Term, the Parties will cooperate in
good faith to develop a plan to manage the relocation of the Fixed Assets to Customer’s possession and the transition of production of the applicable Products from Supplier to Customer or Customer’s designated Representative (such plan,
the “Implementation Plan”) after such expiration or termination. During the Term, the Fixed Assets shall remain at the applicable Facility. In all cases, the Parties commit to work together cooperatively and in good faith to
minimize any disruption to or interference with Supplier’s business, including minimizing the total time required for such relocation and transition. Customer shall pay for all relocation, disassembly, rigging, packing, shipping and similar
charges for disassembly, removal, transportation, and installation of the Fixed Assets, along with charges for any pre-approved labor charges provided by Supplier in support of the disassembly or removal of
such Fixed Assets. Notwithstanding the foregoing, Supplier shall manufacture each Product supplied under this Agreement at the Facility and manufacturing of Products may not be relocated except as otherwise provided herein or consented to in writing
by each Party. 
 7.5 Facilities; Access. Following the expiration of the Term, Supplier shall reasonably cooperate with Customer, at
Customer’s sole cost and expense, to transfer and deliver any documents, correspondence or other data to effect the transfer of any manufacturing process knowledge (excluding, for the avoidance of doubt, any intellectual property, which shall
be transferred (if at all) in accordance with the terms of the Separation and Distribution Agreement 

  
 13 

 
and the Ancillary Agreements) with respect to the Products supplied by Supplier to Customer. In connection therewith, Supplier shall permit one or more employees of Customer with reasonable
access to the Facility to observe the manufacture of Products at such times and for such periods as the Parties mutually agree, acting reasonably and in good faith. Prior to being granted access to the Facility, such employees of Customer shall
execute a confidentiality agreement in a form that is reasonably acceptable to Supplier. 
 7.6 Property Taxes. Customer shall timely
file any and all personal property tax returns with respect to the Fixed Assets that are due after the Effective Date, and shall timely pay to the appropriate tax authorities any and all personal property taxes with respect to such Fixed Assets that
are due after the Effective Date.]1 
 8. LABELING; DESIGN HISTORY FILES  

8.1 Labels and Packaging. Supplier shall label and package the Products prior to delivery using such artwork, packaging and labeling as
used by Supplier in the manufacture and packaging of the Products as of the date immediately prior to the Effective Date or as otherwise provided in the Statement of Work; provided that, if requested in writing by Customer, Supplier shall use
commercially reasonable efforts to apply barcodes to any packaging for Product (i.e., any individual packaging and/or exterior cartons pursuant to applicable law) at Customer’s expense. In the event of any requested or required artwork,
packaging, or labeling modifications pursuant to this Section 8.1 (“Labeling Modifications”), Customer shall reimburse Supplier for any costs and expenses incurred by Supplier in connection with such
development or implementation, and to the extent that any such artwork, packaging or labeling change increases Supplier’s cumulative cost of manufacturing, assembly, packaging, labeling, Sterilization (if applicable) or delivery of any Product,
the Product Price for such Product shall be increased to reflect such cumulative cost increases. Any Labeling Modifications, including the costs noted immediately above, shall be agreed by Supplier and Customer in good faith before such Labeling
Modifications are to be implemented. 
 9. REGULATORY; CUSTOMERS 

9.1 Recall. Customer shall control any recall, withdrawal, adverse event or field correction (each, a “Field Action”)
with respect to any Product. In connection with a Field Action, Supplier shall reasonably cooperate with responding to Customer’s requests for information or other assistance, and in otherwise effecting such Field Action. To the extent
reasonably possible, Customer shall consult with Supplier before issuing any press release or otherwise making any public statement or making any other public (or non-confidential) disclosure (whether or not
in response to an inquiry) regarding any Field Action that directly or indirectly references or implicates Supplier. Customer shall be responsible for communicating with any Governmental Authorities in connection with a Field Action. Customer shall
bear any costs and expenses incurred by it and by Supplier in connection with any such Field Action (including with respect to any Field Action caused by any supplier of Raw Materials); provided, however, that if a Field Action results
primarily from Supplier’s breach of its warranties under Section 5.1, Supplier shall 
  

	1 	 To be included for the Dun Laoghaire, Suzhou 3 and Drogheda CMAs/rCMAs.

  
 14 

 
pay the reasonable out-of-pocket costs incurred by Customer for each such Field Action in connection with
Customer’s response to any such Field Action, including the cost of shipping, inspecting and sorting Products impacted by such Field Action, which reimbursable costs with respect to any such Field Action shall not, in the aggregate, exceed
$1,000,000. The remedies set forth in Section 4.4(b) shall be available to Customer for (a) Products that do not conform with the warranties set forth in Section 5.1 and (b) conforming
Products that Customer is required to include in a Field Action involving non-conforming Products pursuant to applicable law. Notwithstanding anything to the contrary in this Agreement, the foregoing shall be
Customer’s sole and exclusive remedy with respect to a Field Action. Any information of any nature obtained by either Party during any Field Action shall be subject to the provisions of Section 11. 

9.2 Compliance with Laws. Supplier shall comply with applicable law with respect to the manufacture of the Products, including cGMP to
the extent applicable to the Products, and shall not be required to perform or omit to perform any act required or permitted under this Agreement if such performance or omission would violate the provisions of any such law. 

9.3 Safety Laws. Customer hereby acknowledges and agrees that many jurisdictions, including the United States, have in effect laws,
rules and/or regulations, including the Needlestick Prevention Act in the United States (the “Safety Laws”) mandating or recommending the use of protection technologies in connection with drug delivery devices and containers
(collectively, the “Safety Products”). Customer has been and will be solely responsible for making its own analysis of such Safety Products and compliance with such Safety Laws. 

9.4 Regulatory Approvals. Subject to the terms of that certain Logistics Services Agreement and that certain Transition Services
Agreement, each of even date herewith and by and between the Parties, Supplier shall not be responsible for procuring, maintaining or otherwise handling Regulatory Approvals necessary to manufacture, market and sell the Products, including the
completion of any and all international registration documentation. Supplier shall continue to maintain the Regulatory Approvals necessary to manufacture the Products at the Facility. 

9.5 Government Inspection; Requests for Information. Supplier shall, pursuant to applicable law, allow the FDA or any other Governmental
Authority with jurisdiction over Supplier’s manufacture or Customer’s marketing and distribution of Product to inspect all areas of the Facility (and, to the extent that Supplier is contractually permitted to allow such access, third-party
facilities) utilized by Supplier in the manufacture, testing, packaging, Sterilization, storage and shipment of Products sold under this Agreement, and will reasonably cooperate with such Governmental Authorities. Supplier will notify Customer as
soon as is reasonably practicable after it receives notice of an inspection if it relates to any Product. In the event of any such inspection by the FDA or other Governmental Authority (including an inspection by an agency or organization appointed
by the FDA or other Governmental Authority), Supplier shall contact Customer to inform Customer of such inspection and of any material non-conformity which may impact the fit, form or function or the
regulatory status (510(k) or otherwise) of any of the Products supplied to Customer. 

  
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 9.6 Complaints; Communications. Customer shall be responsible for handling and
addressing all Complaints and customer communications (including general inquiries) concerning any Product. In the event Supplier receives or becomes aware of a Complaint or communication about any Product, Supplier shall promptly notify Customer
and refer such Complaint or communication, and any relevant information or documentation obtained with respect thereto, to Customer. Customer shall be responsible for communicating with customers regarding any Complaint about any Product, unless
otherwise agreed upon by both Parties during a specific complaint investigation. Each Party shall provide the other Party with the telephone numbers and names of contacts for this purpose. Customer shall be responsible for investigating any
Complaint about the Products, making filing determinations with respect to any Complaint, reporting any Complaints to the applicable Governmental Authority, including, for the avoidance of doubt, filing medical device reports and ex-US vigilance reports, implementing any corrective action where necessary, and responding directly to the customer about its complaint, and Customer shall bear all costs associated therewith. Supplier shall
cooperate with Customer in connection with any complaint investigation and promptly respond to Customer’s requests for information or provide such other assistance as Customer may reasonably request, at Customer’s expense. 

10. INDEMNIFICATION 
 10.1
Supplier Indemnification. Subject to the provisions of Section 10.3, Supplier shall defend, indemnify and hold harmless Customer and its Representatives and their permitted successors and assigns with respect to any
liability, damage, loss or expenses (including reasonable attorneys’ fees and court costs) relating to third party claims (collectively, “Losses”) arising out of, relating to, or resulting from: (a) any breach or default
by Supplier of any representation, warranty or covenant of Supplier contained in this Agreement, but not including the express warranties provided in Section 5.1(a)(i) (the remedies for which are expressly limited to those
set forth in Section 4.4(b), except in the case of fraud, gross negligence or willful misconduct on the part of Supplier); (b) Supplier’s failure to comply with the express warranties provided in
Section 5.1(a)(i) and (ii), solely to the extent the subject of a third party claim for personal injury or death; (c) the fraud, gross negligence or willful misconduct of Supplier in the course of the performance of
its obligations hereunder; or (d) claims that Supplier’s conduct of any New Manufacturing Process infringes, misappropriates, or violates any intellectual property rights of third parties. 

10.2 Customer Indemnification. Subject to the provisions of Section 10.3, Customer shall defend, indemnify and
hold harmless Supplier and its Representatives and their permitted successors and assigns with respect to all Losses arising out of, relating to, or resulting from: (a) any breach or default by Customer of any representation, warranty or
covenant of Customer contained in this Agreement; (b) the gross negligence, willful misconduct or fraud of Customer in connection with this Agreement; (c) the use, sale, import, export or exploitation of the Products, except for such
indemnification obligations of the Supplier under Section 10.1 or (d) any needlestick injury or similar damage sustained or alleged by any Person involved in the handling, shipping, manufacture, assembly, sale,
distribution, supply, use or operation of any Product on or after delivery of such Product. 

  
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 10.3 Procedure. Promptly after receipt of written notice of the assertion or the
commencement of a third party claim asserted against a Party for which the other Party has an indemnification obligation under this Section 10, the indemnified Party shall provide the indemnifying Party with written notice
describing an indemnification claim (“Claim”) in reasonable detail in light of the circumstances then known and then providing the indemnifying Party with further notices to keep it reasonably informed with respect thereto;
provided, however, that failure of the indemnified Party to provide timely notice or to keep the indemnifying Party reasonably informed as provided herein shall not relieve the indemnifying Party of its obligations hereunder except
to the extent that the indemnified Party is materially prejudiced thereby. If any proceeding shall be commenced against any indemnified Party by a third party, the indemnifying Party shall be entitled to participate in such Claim and assume the
defense thereof with counsel reasonably satisfactory to the indemnified Party, at the indemnifying Party’s sole cost and expense, and the indemnifying Party shall reasonably cooperate with the indemnifying Party, at the indemnifying
Party’s sole cost and expense, in the defense of any Claim and shall be entitled to participate in any proceeding at its expense, and the indemnifying Party shall not settle such proceeding without the indemnified Party’s prior written
consent (which consent shall not be unreasonably withheld or delayed), except such consent shall not be required in the case of any settlement that includes a full and unconditional release of the indemnified Party by the plaintiff or claimant from
all liability with respect to the matters that are subject to such Claim. The indemnified Party may participate in the defense of any claim with counsel reasonably acceptable to the indemnifying Party, at the indemnified Party’s own expense.

 10.4 Limitation of Liability. For the avoidance of doubt, the terms of this Section 10.4 do not apply to
claims arising out of the Separation and Distribution Agreement or any other Ancillary Agreement (as defined in the Separation and Distribution Agreement). 

(a) EXCEPT FOR (I) CLAIMS PURSUANT TO A BREACH OF THE CONFIDENTIALITY OBLIGATIONS SET FORTH IN SECTION 11, (II) THIRD PARTY CLAIMS
FOR WHICH A PARTY HAS AN INDEMNIFICATION OBLIGATION UNDER SECTION 10.1(b) OR SECTION 10.2(b) and (c) AND (III) CUSTOMER’S PAYMENT OBLIGATIONS UNDER SECTION 3, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW,
NEITHER PARTY WILL BE LIABLE TO THE OTHER FOR ANY LOST PROFITS, LOSS OF DATA, LOSS OF USE, BUSINESS INTERRUPTION OR OTHER SPECIAL, INCIDENTAL, INDIRECT, PUNITIVE, EXEMPLARY, OR CONSEQUENTIAL DAMAGES, HOWEVER CAUSED, UNDER ANY THEORY OF LIABILITY,
ARISING FROM THE PERFORMANCE OF, OR RELATING TO, THIS AGREEMENT REGARDLESS OF WHETHER SUCH PARTY HAS BEEN NOTIFIED OF THE POSSIBILITY OF, OR THE FORESEEABILITY OF, SUCH DAMAGES. 

(b) IN ADDITION, SUPPLIER SHALL NOT BE LIABLE FOR ANY DAMAGES ARISING FROM CLAIMS OF THIRD PARTIES FOR PERSONAL INJURY OR DEATH TO THE EXTENT A
RESULT OF THE USE OF ANY PRODUCT, OR FAILURE OF SUPPLIER TO WARN, OR TO ADEQUATELY WARN, AGAINST THE DANGERS OF THE PRODUCTS OR FAILURE OF SUPPLIER TO INSTRUCT, OR TO ADEQUATELY INSTRUCT, ABOUT THE SAFE AND PROPER USE OF THE PRODUCTS, EXCEPT AS
CONTEMPLATED BY SECTION 10.1(b) or (c). NOTWITHSTANDING ANYTHING ELSE TO THE CONTRARY SET FORTH IN THIS AGREEMENT OR THE SEPARATION AND DISTRIBUTION AGREEMENT, EXCEPT FOR (I) CLAIMS PURSUANT TO A BREACH OF THE
CONFIDENTIALITY OBLIGATIONS SET FORTH IN SECTION 11, (II) THIRD PARTY CLAIMS FOR WHICH A PARTY HAS AN INDEMNIFICATION OBLIGATION UNDER SECTION 10.1(b), OR SECTION 10.2, (III) CUSTOMER’S PAYMENT

  
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OBLIGATIONS UNDER THIS AGREEMENT, AND (IV) FRAUD, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT BY EITHER PARTY, AND, THE MAXIMUM LIABILITY OF A PARTY UNDER THIS AGREEMENT FOR ALL CLAIMS UNDER ANY
THEORY OF LIABILITY SHALL NOT EXCEED [●] U.S. DOLLARS ($[●]) IN THE AGGREGATE. CUSTOMER FURTHER ACKNOWLEDGES THAT ANY RIGHT OF RECOVERY (BY SUBROGATION OR OTHERWISE) BY CUSTOMER’S INSURER IS HEREBY WAIVED AND CUSTOMER’S INSURER
SHALL NOT HAVE ANY OTHER RECOURSE AGAINST SUPPLIER FOR DAMAGES PAID UNDER CUSTOMER’S INSURANCE POLICIES FOR LIABILITIES ARISING IN CONNECTION WITH THIS AGREEMENT. 

11. CONFIDENTIAL INFORMATION 
 11.1
BD and SpinCo Obligations. Subject to Section 11.4, until the six (6)-year anniversary of the date of the termination of this Agreement in its entirety, each of BD and SpinCo, on behalf of itself and each of its
Subsidiaries, agrees to hold, and to cause its respective Representatives to hold, in strict confidence, with at least the same degree of care that applies to BD’s confidential and proprietary information pursuant to policies in effect as of
the Effective Time, all confidential and proprietary information concerning the other Party or its Subsidiaries or their respective businesses that is either in its possession (including confidential and proprietary information in its possession
prior to the date hereof) or furnished by such other Party or such other Party’s Subsidiaries or their respective Representatives at any time pursuant to this Agreement, and shall not use any such confidential and proprietary information other
than for such purposes as may be expressly permitted hereunder, except, in each case, to the extent that such confidential and proprietary information (a) is in the public domain or is generally available to the public, other than as a
result of a disclosure by such Party or any of its Subsidiaries or any of their respective Representatives in violation of this Agreement; (b) is lawfully acquired from other sources by such Party or any of its Subsidiaries, which sources are
not themselves known by such Party or any of its Subsidiaries to be bound by a confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality with respect to such confidential and proprietary information;
(c) is independently developed or generated without reference to or use of the confidential and proprietary information of the other Party or any of its Subsidiaries; or (d) was in such Party’s or its Subsidiaries’ possession on
a non-confidential basis prior to the time of disclosure to such Party and at the time of such disclosure was not known by such Party or any of its Subsidiaries to be prohibited from being disclosed by a
confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality with respect to such confidential and proprietary information. If any confidential and proprietary information of a Party or any of its Subsidiaries is
disclosed to the other Party or any of its Subsidiaries in connection with Supplier’s supply of the Products and provision of related services and manufacturing activities hereunder, then such disclosed confidential and proprietary information
shall be used only as required for Supplier’s supply of the Products and provision of related services and manufacturing activities. 

11.2 No Release; Return or Destruction. Each Party agrees (a) not to release or disclose, or permit to be released or disclosed,
any Confidential Information of the other Party addressed in Section 11.1 to any other Person, except its Representatives who need to know such confidential and proprietary information in their capacities as such (who shall
be advised of their obligations hereunder with respect to such confidential and proprietary 

  
 18 

 
information) and except in compliance with Section 11.4, and (b) to use commercially reasonable efforts to maintain such confidential and proprietary information in
accordance with Section 6.4 of the Separation and Distribution Agreement. Without limiting the foregoing, when any such confidential and proprietary information is no longer needed for the purposes contemplated by the Separation and
Distribution Agreement, this Agreement or any other Ancillary Agreements, each Party will promptly after request of the other Party either return to the other Party all such confidential and proprietary information in a tangible form (including all
copies thereof and all notes, extracts or summaries based thereon) or notify the other Party in writing that it has destroyed such information (and such copies thereof and such notes, extracts or summaries based thereon); provided that the
Parties may retain electronic back-up versions of such confidential and proprietary information maintained on routine computer system backup tapes, disks or other backup storage devices; and provided,
further, that any such retained back-up information shall remain subject to the confidentiality provisions of this Agreement. 

11.3 Privacy and Data Protection Laws. Each Party shall comply with all applicable state, federal and foreign privacy and data
protection laws that are or that may in the future be applicable to the supply of the Products and provision of related services and manufacturing activities under this Agreement. 

11.4 Injunctive Relief. In the event that a Party or any of its Subsidiaries either determines on the advice of its counsel that it is
required to disclose any information pursuant to applicable law or receives any request or demand under lawful process or from any Governmental Authority to disclose or provide information of the other Party (or any of its Subsidiaries) that is
subject to the confidentiality provisions hereof, such Party shall notify the other Party (to the extent legally permitted) as promptly as practicable under the circumstances prior to disclosing or providing such information and shall cooperate, at
the expense of the other Party, in seeking any appropriate protective order requested by the other Party. In the event that such other Party fails to receive such appropriate protective order in a timely manner and the Party receiving the request or
demand reasonably determines that its failure to disclose or provide such information shall actually prejudice the Party receiving the request or demand, then the Party that received such request or demand may thereafter disclose or provide
information to the extent required by such law (as so advised by its counsel) or by lawful process or such Governmental Authority and will exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such
confidential and proprietary information, and the disclosing Party shall promptly provide the other Party with a copy of the information so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such
information was disclosed, in each case to the extent legally permitted. 
 11.5 Injunctive Relief. It is understood and agreed that
money damages may not be a sufficient remedy for any breach of this Section 11, and that the disclosing Party may be entitled to specific performance and injunctive or other equitable relief as a remedy for any such breach.
Such remedy shall not be deemed to be the exclusive remedy for breach of this Section 11, but shall be in addition to all other remedies available at law or equity to the disclosing Party. 

  
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 11.6 Survival. Subject to Section 11.4, the obligations in
this Section 11 shall survive any expiration or termination of this Agreement for six (6) years after the date of expiration or termination of this Agreement; provided, however, that, with respect to each
trade secret of a Party, such obligations shall continue as long as such trade secret remains otherwise protectable as a trade secret. In the event of a conflict, contradiction, or inconsistency between any other agreement executed by the Parties or
their Representatives at the Closing concerning rights to trade secrets at the Facility, such other agreement shall govern and prevail over the language in the preceding sentence. 

12. RECORDS; INSPECTION; ACCESS TO FACILITIES 

12.1 Manufacturing Records. Supplier agrees to retain all applicable records relating to the manufacturing of Products for a period of
not less than seven (7) years from the date of delivery of Product, or such longer period as may be required by applicable law. Supplier shall provide Customer with complete and accurate copies of such records, upon Customer’s request and
at Customer’s expense. 
 12.2 Inspection. Subject to Supplier’s consent (not to be unreasonably withheld), on an annual
basis, or more frequently with reasonable cause, Supplier agrees to permit Customer to enter and inspect, upon at least fifteen (15) days’ prior written notice and during normal business hours, the Facility that is used to manufacture,
label, package, Sterilize and store the Products to determine whether Supplier’s manufacturing processing, labeling, packaging, Sterilization or storage of the Products conform with the applicable Specifications and otherwise comply with the
requirements of this Agreement and applicable law; provided any such inspection does not unreasonably interfere with Supplier’s continued operation of its business and Customer executes (and causes its applicable Representatives to
execute pursuant to Section 12.3) a confidentiality agreement as a condition to being provided access to the Facility. The foregoing notice obligation shall be diminished to one (1) business day if the inspection is
necessitated by a good faith concern related to Product quality or compliance with applicable laws where such shortened notice period may serve to mitigate immediate harm or damage to Customer or its
end-users. 
 12.3 Access by Customer Personnel. Prior to allowing any of its Representatives
to enter into the Facility, Customer shall require such Representatives to enter into confidentiality agreements with Supplier that contains provisions that are consistent with the provisions of Section 11. Customer shall
cause all of its Representatives to comply with all reasonable Supplier instructions and policies while at the Facility, and Supplier shall have the right to remove any Representatives of Customer from the Facility for failure to comply with such
instructions or policies. 
 13. TERM AND TERMINATION; TRANSITION OF PRODUCTION 

13.1 Term. The term of this Agreement (the “Term”) shall be as set forth in the Statement of Work. 

13.2 Termination on Account of Material Breach. Either Party may terminate this Agreement, in whole or in part, without liability,
except for amounts due and payable hereunder as of the date of termination, in the event the other Party breaches any material provision of this Agreement and fails to cure such breach, if capable of being cured, within ninety (90) days after
receipt of written notice (which notice shall specify in reasonable detail the nature of such breach). This right shall be in addition to any other remedies provided by law. 

  
 20 

 13.3 Termination on Account of Bankruptcy. This Agreement may be terminated
immediately upon written notice by one Party to the other if the other Party becomes insolvent, makes an assignment for the benefit of creditors, has a receiver appointed for it or any of its assets, or files or has filed against it a petition,
under the Bankruptcy Code of 1978, as amended, 11 U.S.C. § 101 et seq. (or bankruptcy law of another country), or under any insolvency laws providing for the relief of debtors, where such petition, assignment or similar proceeding
is not dismissed within ninety (90) days following its filing. 
 13.4 Customer’s Right to Termination. Customer may
terminate this Agreement during the Term in whole or with respect only to certain Products, including on a SKU by SKU basis, at any time without cause upon one-hundred-twenty (120) days’ prior
written notice to Supplier; provided that, in connection with any such termination by convenience, Customer shall reimburse Supplier for any amounts due and payable hereunder as of the date of termination (including any costs and expenses
reasonably incurred by Supplier in anticipation of this Agreement continuing for the duration of the Term). 
 13.5 Termination on Account
of Change of Control. In the event that SpinCo consummates a Change of Control, then BD will have the right to terminate this Agreement in response to the consummation of the Change of Control by SpinCo, which right may be exercised by BD in its
sole discretion. Such termination right will be exercisable once the notice to BD of the consummation of the Change of Control has been provided (which notice shall be provided promptly). 

13.6 Raw Materials; Work in Progress; Inventory. 

(a) Upon expiration of the Term or any termination pursuant to this Agreement, the Parties shall discuss in good faith (i) Customer
purchasing from Supplier all Raw Materials that remain in Supplier’s inventory as of the effective date of such expiration or termination to the extent such Raw Materials relate specifically to the Products and were acquired by Supplier for and
specifically allocated by Supplier to the manufacture of the Products, and (ii) Customer assuming all third party purchase commitments or open purchase orders for Raw Materials or services attributable to the Products to the extent such
purchase commitments cannot be cancelled without penalty, surcharge, default or other adverse consequence to Supplier, provided, however, that such commitments are consistent with the Rolling Forecast. Notwithstanding anything to the
contrary in this Agreement, if, prior to expiration or termination of this Agreement, Supplier has ordered Raw Materials for the supply of replacement Products pursuant to Section 4.4 or has commenced the manufacture of
replacement Products pursuant to Section 4.4, Supplier shall complete the supply of such replacement Products and Customer shall not have the right to seek a refund for the rejected Products to be replaced with such
replacement Products. 
 (b) In addition to the foregoing, Customer shall remain obligated to purchase from Supplier all quantities of
Products reflected in any Purchase Orders, the Binding Commitment, and, to the extent applicable, the binding portion of the Semi-Binding Commitment of the Rolling Forecast in effect as of the effective date of termination. 

  
 21 

 (c) Any Raw Materials and works in progress purchased by Customer under this Agreement
(including as set forth in Sections 13.6(a)-(b)) shall be at Supplier’s sole cost, and any finished Product and open Purchase Order obligations shall be purchased at the Product Prices. Customer shall only be obligated to purchase Raw
Materials that comply with the Specifications for such Raw Materials. Any Raw Materials that do not comply with the Specifications at the time of delivery to Customer may be returned to Supplier at Supplier’s sole cost. 

13.7 Transport of Fixed Assets. [Upon expiration or termination of this Agreement, or at such other time as the Parties may mutually
agree pursuant to Section 7.4, Supplier shall disconnect the Fixed Assets from utilities and mechanical and electronic systems and shall be responsible for moving the Fixed Assets to appropriate loading facilities at the
Supplier Facility as necessary for Customer or its Representatives to have access to the Fixed Assets. Customer shall dismantle and crate for transportation and transport the Fixed Assets to Customer’s facilities (or Customer’s designated
third party’s facilities) at its own expense. The removal of the Fixed Assets and inventories shall be completed as soon as possible, but in no event later than ninety (90) days following termination or expiration of this Agreement, under
Supplier’s supervision and at such times as may be mutually agreed by the Parties.]2 

13.8 Survival. Section 1, Section 4.4(b), Section 5,
Section 7.1, Section 7.2, Section 7.4, Section 7.5, Section 7.6, Section 9,
Section 10, Section 11, Section 12.1, Section 13.6, Section 13.7 and this Section 13.8, and
Section 14 shall survive the expiration or termination of this Agreement in each case in accordance with their respective terms. In no event shall Supplier’s obligation to supply Products under this Agreement extend
beyond the Term. 
 14. MISCELLANEOUS 

14.1 Successors; Assigns. The succession and assignment provisions set forth in Section 10.3 of the Separation and
Distribution Agreement shall apply to this Agreement mutatis mutandis. Notwithstanding anything in this Section 14.1 to the contrary, no assignment shall relieve the assigning Party of its obligations hereunder. 

14.2 Relationship of the Parties. In performing their respective obligations hereunder, each of the Parties will operate as, and have
the status of, an independent contractor and will not act as or be an agent, partner, co-venturer or employee of the other Party. Neither Party shall represent itself to be, or otherwise conduct itself as, an
agent of the other Party and nothing contained in this Agreement shall be construed to give either Party the power to direct or control the day-to-day activities of the
other or create or assume any obligation on behalf of the other. This Agreement does not create a partnership or joint venture between the Parties. 

14.3 Governing Law. The rights and obligations of the Parties shall be governed by, and this Agreement shall be interpreted, construed
and enforced in accordance with, the laws of the State of Delaware, excluding its conflict of laws rules to the extent such rules would apply the law of another jurisdiction. 
  

 
  

	2 	 To be included if Section 7 is included. 

  
 22 

 14.4 Jurisdiction; Waiver of Jury Trial. 

(a) Each of the Parties hereby irrevocably and unconditionally submits to the exclusive jurisdiction of the Court of Chancery of the State of
Delaware or, the United States District Court for the District of Delaware, and any appellate court from any appeal thereof, in any action arising out of or relating to this Agreement or the transactions contemplated hereby, and each of the Parties
hereby irrevocably and unconditionally (i) agrees not to commence any such action except in such courts, (ii) agrees that any claim in respect of any such action may be heard and determined in the Court of Chancery of the State of Delaware
or, to the extent permitted by law, in such other courts, (iii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any such action in the Court of
Chancery of the State of Delaware or such other courts, (iv) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action in the Court of Chancery of the State of Delaware or such other
courts and (v) consents to service of process in the manner provided for notices in Section 14.7. Nothing in this Agreement will affect the right of any Party to serve process in any other manner permitted by law. 

(b) EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ITS RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY ACTION, PROCEEDING OR CLAIM ARISING OUT OF
OR RELATING TO THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 
 14.5 Entire Agreement. This Agreement, including the other
documents, exhibits, schedules and agreements specifically referred to herein, constitutes the entire agreement between and among the Parties hereto with regard to the subject matter hereof, and supersedes all prior agreements and understandings
with regard to such subject matter. There are now no agreements, representations or warranties between or among the Parties other than those set forth in the Separation and Distribution Agreement or the documents and agreements contemplated in the
Separation and Distribution Agreement or this Agreement. 
 14.6 Amendment, Waivers and Consents. This Agreement shall not be changed
or modified, in whole or in part, except by supplemental agreement or amendment signed by the Parties. Any Party may waive compliance by any other Party with any of the covenants or conditions of this Agreement, but no waiver shall be binding unless
executed in writing by the Party making the waiver. No waiver of any provision of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver. Any
consent under this Agreement shall be in writing and shall be effective only to the extent specifically set forth in such writing. 
 14.7
Notices. Any notice required or permitted to be given hereunder shall be sufficient if in writing and (a) delivered in person or by express delivery or courier service or (b) deposited in the mail registered or certified first class,
postage prepaid and return receipt requested (provided that any notice given pursuant to clause or (c) is also confirmed by the means described in clause (a) or (b)) to such address or facsimile of the Party set forth below or to such
other place or places as such Party from time to time may designate in writing in compliance with the terms hereof. Each notice shall be deemed given when so delivered personally, or, if sent by express delivery or courier service one
(1) Business Day after being sent, or if mailed, five (5) Business Days after the date of deposit in the mail. A notice of change of address shall be effective only when done in accordance with this Section 14.7.

  
 23 

 To BD at: Becton, Dickinson and Company 

1 Becton Drive 
 Franklin Lakes,
New Jersey 07417 
 Attention: Joseph LaSala 

Chief Counsel - Transactions/M&A 

E-mail:     joseph_lasala@bd.com 

To SpinCo at:  Embecta Corp. 

1 Becton Drive 
 Franklin Lakes,
New Jersey 07417 
 Attention: Jeff Mann 

Senior Vice President, General Counsel, 

Head of Corporate Development and Corporate Secretary 

E-mail:     jeff.mann@bd.com; jeff.mann@embecta.com 

14.8 Force Majeure Events. 

(a) Neither Supplier nor Customer shall be liable for loss, damage, detention, delay or failure to perform resulting from any cause whatsoever
beyond its reasonable control or resulting from a force majeure (“Force Majeure Event”), including earthquake, fire, flood, infectious diseases, public health developments, epidemics and pandemics (including, for the avoidance of
doubt, COVID-19 (and any evolutions or mutations thereof) and the effects of any quarantine restrictions or other measures taken by a Governmental Authority or any other person in response thereto), strike or
lockout (other than a strike or lockout involving Supplier’s own employees), actions of a civil or military authority, insurrection, war, embargo, an act of terrorism and container or transportation shortage. Delivery dates for Product shall be
extended to the extent of any delays resulting from the foregoing or similar causes. The Party so affected shall give prompt notice to the other Party of such cause, and shall take whatever reasonable steps are necessary to relieve the effect of
such cause as rapidly as reasonably possible. Notwithstanding the foregoing, nothing in this Section 14.8 shall relieve Customer of its obligation to pay for Product received from Supplier and accepted by Customer pursuant
to this Agreement. 
 (b) In addition to and not in lieu of the terms and conditions above, if a Force Majeure event causes a shortage of Raw
Materials or a shortage of Product, Supplier shall equitably allocate such Raw Materials or Product among all of Supplier’s requirements with respect to such Raw Materials or Products, based on, where applicable, both parties’ usage for
the twelve (12)-month period prior to such Force Majeure event. 
 14.9 Interpretation. Except as otherwise explicitly specified to
the contrary, (a) references to a Section, Article, Exhibit or Schedule means a Section or Article of, or Schedule or Exhibit to, this Agreement, unless another agreement is specified, (b) the word “including” (in its various
forms) means “including without limitation,” (c) references to a particular statute or regulation include all rules and regulations thereunder and any predecessor or successor statute, rules or regulation, in each case as amended or
otherwise modified from time to time, (d) words in 

  
 24 

 
the singular or plural form include the plural and singular form, respectively, (e) references to a particular person include such Person’s successors and assigns to the extent not
prohibited by this Agreement, and (f) the headings contained in this Agreement, in any Exhibit or Schedule hereto and in the table of contents to this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. 
 14.10 Rules of Construction. The Parties acknowledge that each Party has read and negotiated the
language used in this Agreement. The Parties agree that, because all Parties participated in negotiating and drafting this Agreement, no rule of construction shall apply to this Agreement which construes ambiguous language in favor of or against any
Party by reason of that Party’s role in drafting this Agreement. 
 14.11 Severability. If any provision of this Agreement, as
applied to either Party or to any circumstance, is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision. 

14.12 Exhibits and Schedules. All Exhibits and Schedules attached hereto, including the Statement of Work, shall be deemed to be a part
of this Agreement and are fully incorporated in this Agreement by this reference. In the event of a conflict between this Agreement and the Statement of Work, the terms of the Statement of Work shall control. 

14.13 Rights of Parties. Nothing in this Agreement, whether express or implied, is intended to confer any rights or remedies under or by
reason of this Agreement on any persons other than the Parties and their respective successors and permitted assigns, nor is anything in this Agreement intended to relieve or discharge the obligation or liability of any third person to any Party,
nor shall any provision give any third person any right of subrogation or action over or against any Party. 
 14.14 Counterparts.
This Agreement may be signed in any number of counterparts, including facsimile copies thereof or electronic scan copies thereof delivered by electronic mail, each of which shall be deemed an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. 
 [The remainder of this page is intentionally left blank.] 

 

  
 25 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized representatives as evidenced by their signatures below. 
  

			
	BECTON, DICKINSON AND COMPANY
		
	By:	 	
                 

		 	Name: [    ]
		 	Title: [    ]
	
	EMBECTA CORP.
		
	By:	 	              

		 	Name: [    ]
		 	Title: [    ]

 [Signature Page to Contract Manufacturing Agreement]EX-10.16

 Exhibit 10.16 

 

Certain confidential information contained in this document, marked by brackets, has been omitted because it is both
(i) not material and (ii) would be competitively harmful if publicly disclosed. 

 FORM OF LEASE AGREEMENT 

THIS LEASE AGREEMENT (this “Lease”), dated as of [_______], 2022 (the “Commencement Date”), is made by and
between Becton Dickinson Infusion Therapy Inc., a Delaware corporation (“Landlord”) and wholly-owned subsidiary of Becton, Dickinson and Company (“BD”), having an address at 1 Becton Drive, Franklin Lakes, NJ 07417,
and Embecta Corp., a Delaware corporation (“Tenant”) having an address at 1 Becton Drive, Franklin Lakes, NJ 07417. For mutual consideration, Landlord and Tenant hereby enter into this Lease on the terms and conditions set forth
herein. 
 1. Premises. 

(a) As of the Commencement Date, Tenant is a corporation spun off from BD and Tenant occupies certain space within the building (the
“Building”) located on the real property having an address at [* * *] Holdrege, NE (the “Property”) and depicted on the site plan set forth on Exhibit A. Landlord and Tenant desire that certain
alterations and improvements to space within the Building be made to achieve the separation of the operations of Tenant from the operations of Landlord (“Separation Work”) and at the end of such Separation Work, the premises demised
to Tenant under this Lease shall be as depicted on Exhibit B. On the Commencement Date, the premises demised to Tenant under this Lease shall be the space within the Building that is now currently occupied by Tenant, together with the non-exclusive right to use the driveways, parking areas and Common Areas (defined below) on the Property. In the performance of the Separation Work within the Building, Landlord shall take into consideration
Tenant’s use of and operations in the Premises and use all commercially reasonable efforts to minimize disruption to Tenant’s operations. Tenant agrees to cooperate in good faith with Landlord in achieving the Separation Work. Landlord and
Tenant shall designate in writing the name of their respective representatives for the purposes of communications regarding the Separation Work. For purposes hereof, the term “Premises” shall mean, as applicable, the initial space
occupied by Tenant in the Building and the final space depicted on Exhibit B to be occupied by Tenant after completion of the Separation Work. 

(b) Landlord and Tenant shall cooperate in good faith with each other to complete the Separation Work, including Landlord and Tenant engaging
in regular cadence of meetings and Landlord ensuring Tenant is promptly apprised of any significant developments as soon as reasonably possible (collectively, the “Separation Work Communications”). In furtherance of the foregoing
mutually cooperation, Landlord may make changes to the Separation Work that (i) do not materially impair Tenant’s use of the Premises for the Permitted Purpose, (ii) do not materially alter the plans set forth on Exhibit B,
including, but not limited to, customary “field” changes, (iii) are required by any governmental authority, and (iv) are required to address an unforeseen circumstance arising during construction (collectively, “Landlord
Permitted Changes”). If Landlord desires to make any change to the Separation Work which does not constitute a Landlord Permitted Change, Landlord shall obtain Tenant’s written consent to such change; provided that Tenant’s
consent to such change shall not be unreasonably withheld, conditioned or delayed. Tenant shall be deemed to have granted its consent to any such change if Tenant fails to deliver, within five (5) Business Days following receipt of
Landlord’s notice of the proposed change, a written notice to Landlord objecting in reasonable detail the specific elements of the proposed change that Tenant asserts (y) do not constitute a Landlord Permitted Change and (z) are
objectionable and the reasons why, provided, however, if Tenant requests in writing within the initial five (5) Business Day period, Tenant may have an additional five (5) Business Days to provide Landlord such written
response. As used in this Lease, the term “Business Day” shall mean any day other than a Saturday, Sunday, or federal holiday. 
  

	[* * *] =	 [CONFIDENTIAL PORTION HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD BE
COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 

 (c) The Separation Work will be deemed “complete”, or have reached
“completion” for purposes of this Lease at such time the Separation Work is complete subject only to minor punch list items that do not interfere with Tenant’s ability to operate the Premises for the Permitted Purpose. Upon the
completion of the Separation Work, the Premises demised hereunder to Tenant are intended to contain 277,777 rentable square feet of space as shown on the site plan attached hereto as Exhibit B, together with the Rented Equipment (defined
below). Upon the completion of the Separation Work, Landlord shall update Exhibit B if necessary and send same to Tenant. On or prior to the date of completion of the Separation Work, Tenant and Landlord (accompanied by their respective
choice of agents) shall conduct a joint walk-through of the Premises to inspect the Premises and generate a punch list of all asserted defects or incomplete work items, if any, in the Separation Work (the “Punch List”). The Punch
List shall not include, and Tenant shall be responsible for, any damage to the Separation Work caused by Tenant or Tenant’s Agents. Landlord shall commence to correct or complete, as applicable, all items on the Punch List within thirty
(30) days thereafter and shall diligently pursue the same to completion. Landlord shall warrant to Tenant that the Separation Work is free of defects for a period of one (1) year from the completion of such work. 

(d) Landlord represents that it is the sole owner in fee simple of the Building, Landlord has the full right and authority to lease the
Premises to Tenant and to otherwise enter into this Lease on the terms and conditions herein and no consent from Landlord’s lender or any other party is required for Landlord to enter into this Lease. Tenant represents that Tenant has the full
right and authority to lease the Premises from Landlord and otherwise to enter into this Lease on the terms and conditions herein. Tenant acknowledges that Tenant is in possession of the Premises during the Term (defined below) of this Lease in an
“AS IS, WHERE IS” condition, and that no representations, warranties, or inducements, with respect to any condition of the Premises have been made by Landlord, or its designated representatives, to Tenant, or its designated
representatives, except as expressly set forth in this Lease. Except for the Separation Work, no promises to alter or improve the Premises, or equip the Premises with personal property or fixtures, have been made to Tenant, or its designated
representatives, by Landlord, or its designated representatives. Landlord and Tenant shall cooperate in good faith with each other to complete such work. 

(e) Within eighteen (18) months of the Commencement Date, the parties expect that Landlord shall have completed the Separation Work,
provided that, there shall be no reduction or abatement of Rent to or any other claim for damages by Tenant if the Separation Work is not completed in the expected timeframe. 

(f) Tenant may use the Premises for manufacturing, warehouse, and general office uses, in each case, specifically related to the Permitted
Purposes (as such term is defined under the Cannula Supply Agreement, dated [of even date herewith], by and between BD and Tenant), and for no other purpose. Tenant shall comply with the Building Rules and Regulations

  
 Page 2 of 27 

 
set forth on Exhibit C herein1, not conduct any illegal activity on the Premises, disturb other occupants of the Building in any
material respect, or cause any insurance coverage on the Premises, the Building, or the Property to be eliminated. If Tenant causes Landlord’s insurance premium on the Premises, the Building, or the Property to increase, Tenant shall pay the
difference in premium costs as additional Rent. 
 (g) The resin handling system and silo (the “Resin Handling System”)
described on Exhibit D-1 and all furniture, fixtures, equipment or other items of personal property located on the Property and described on Exhibit D-2
(“Rented Equipment”) is owned by Landlord and leased to Tenant at no additional cost. Except for the Rented Equipment, all furniture, equipment that is not a fixture, or other items of personal property located in the Premises shall
be considered to be owned by Tenant (“Tenant’s Property”) and Section 8 shall govern whether such property shall be removed at the end of the Term. 

2. Term. Subject to the other terms and conditions herein, the term of this Lease (the “Term”) shall
(i) begin on the Commencement Date and end on 11:59 p.m. Central Time on the last day of the month in which the tenth (10) year anniversary of the Commencement Date occurs (the “Initial Term”), provided that
Tenant shall have a one-time right to extend the term of this Lease for an additional term, at Tenant’s option, of exactly one (1), two (2), three (3), four (4) or five (5) years (the
“Renewal Term”), exercisable by Tenant’s providing written notice to Landlord no later than three (3) years prior to the end of the Initial Term indicating that Tenant is exercising this extension right and specifying the
number (between one and five) of years that will be in the Renewal Term. 
 3. Rent. 

(a) Commencing on the Commencement Date, Tenant shall pay to Landlord base rent (“Base Rent”), with annual
[* * *] percent ([* * *] %) escalations over the Base Rent in the immediately preceding year, in monthly installments on the first day of each month, in advance, without notice, offset or demand, in the amounts and for the
periods set forth below. Base Rent in any twelve (12) month period of the Renewal Term shall increase by [* * *] percent ([* * *] %) over the Base Rent in the immediately preceding twelve (12) month period. 

 

					
	 Lease Period
	  	Monthly
Base
Rent	 
	 Commencement Date through the
12th whole month thereafter
	  	$	[	* * *] 
	 Months 13 — 24
	  	$	[	* * *] 
	 Months 25 — 36
	  	$	[	* * *] 
	 Months 37 — 48
	  	$	[	* * *] 
	 Months 49 — 60
	  	$	[	* * *] 
	 Months 61 — 72
	  	$	[	* * *] 
	 Months 73 — 84
	  	$	[	* * *] 
	 Months 85 — 96
	  	$	[	* * *] 
	 Months 97 — 108
	  	$	[	* * *] 
	 Months 109 — 120
	  	$	[	* * *] 

  

	[* * *] =	 [CONFIDENTIAL PORTION HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD BE
COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 

  

	1 	 Landlord to provide the Building Rules and Regulations. 

  
 Page 3 of 27 

 (b) In addition to Base Rent, from and after the Commencement Date (subject to adjustment as
set forth in this Lease), Tenant shall pay to Landlord as additional Rent, in the same manner as Base Rent, Tenant’s Proportionate Share (defined below) of the following charges: 

 

	 	(i)	 Facilities Management Fee: $[* * *] per month(Set forth in
Section 4) 

  

	 	(ii)	 Taxes:(Set forth in Section 9) $[* * *] per month

  

	 	(iii)	 Insurance:(Set forth in Section 10) $[* * *] per month

  

	 	(iv)	 Utilities: $[* * *] per month 

The following utilities shall be provided to the Premises: water (including chilled water), compressed air, central exhaust, heating/cooling
HVAC, central vacuum, sewer, natural gas, and electricity (the “Utilities”). Tenant shall procure in its own name and pay for any additional utilities that Tenant may require. Notwithstanding anything to the contrary
contained in this Lease, in no event shall Landlord be liable for any failure, cessation or interruption of utility services to the Premises so long as not caused by the gross negligence or intentional misconduct (acts or omissions) of Landlord or
its agents. If Tenant experiences unrecoverable production losses at the Premises due to the actions or inactions of a third party facilities manager, Landlord shall use commercially reasonable efforts to seek payment from such third party
facilities manager for Tenant’s unrecoverable production losses if the third party facilities contract allows for such recovery. If and when Landlord receives a payment from a third party facilities manager for unrecoverable production losses
due to the actions or inactions of such third party facilities manager, Landlord shall pass on to Tenant that portion of any such reimbursement directly attributable to Tenant’s unrecoverable production losses at the Premises. 

“Tenant’s Proportionate Share” means the percentage obtained by dividing (x) the number of rentable
square feet of space occupied by Tenant in the Building, by (y) the total number of rentable square feet of space in the Building, which the parties agree Tenant’s Proportionate Share is sixty three percent (63%) as of the Commencement
Date. If Landlord develops a new building on the Property, the parties will amend Tenant’s Proportionate Share to equitable recalculate Tenant’s Proportionate Share based on an expanded square footage of all buildings on the Property. 

 

	[* * *] =	 [CONFIDENTIAL PORTION HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD BE
COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 

  
 Page 4 of 27 

 (c) The foregoing items of additional rent set forth in
Section 3(b)(i)—(iv) are, collectively, the “Operating Expenses”. Operating Expenses shall not include costs for the expenses set forth on Exhibit E. The Base Rent plus the Operating Expenses
shall be the “Rent”. From and after the Commencement Date, monthly Base Rent and the monthly installment of estimated Operating Expenses shall be payable on the first day of each month beginning on the first day of the first full
calendar month of the Term. The Rent for any partial month at the beginning of the Term shall be prorated and shall be due on the Commencement Date. In the event Tenant fails to pay Base Rent, Operating Expenses, or any other payment called for
under this Lease within five (5) Business Days of the time period specified, Tenant shall pay, as additional rent, a late charge equal to eight percent (8%) of the unpaid amount, which late charge shall be paid with the required payment;
provided, however, Landlord shall provide written notice to Tenant and ten (10) days to cure such failure to pay at least one time every twelve (12)-month period prior to applying such late charge. 

(d) The monthly installment of Tenant’s Proportionate Share of Operating Expenses shall initially be the amount set forth in
Section 3(b), which represents Landlord’s estimate of Operating Expenses. Not more than once in any calendar year, Landlord may deliver to Tenant a revised good faith estimate of Tenant’s Proportionate Share of
Operating Expenses, and thereafter the monthly installments of Tenant’s Proportionate Share of Operating Expenses shall be paid by Tenant in accordance with such estimate, subject to final adjustment as set forth in
Section 3(e). 
 (e) By April 1 of each calendar year of the Term, but no later than June 1 of such
calendar year, Landlord shall furnish to Tenant a statement of actual Operating Expenses incurred for the prior calendar year (the “Reconciliation Statement”), which shall include reasonable detail. Subject to the below, if
Tenant’s payments for Operating Expenses for the calendar year covered by the Reconciliation Statement exceeded Tenant’s Proportionate Share of the actual Operating Expenses as indicated in the Reconciliation Statement, then Landlord shall
credit or reimburse Tenant for such excess payments within ninety (90) days of delivery of the Reconciliation Statement (and if not credited or reimbursed, Tenant may offset such amount against the payment(s) of Rent next coming due);
conversely, if Tenant’s payments for Operating Expenses paid for such calendar year are less than Tenant’s Proportionate Share of the actual Operating Expenses as indicated in the Reconciliation Statement, then Tenant shall pay Landlord
such deficiency within ninety (90) days of receipt of the Reconciliation Statement. Tenant shall have the right to have Landlord’s books and records pertaining to Operating Expenses for the calendar year covered by such Reconciliation
Statement reviewed and audited (“Tenant’s Audit”), provided: (i) such right shall not be exercised more than once during any calendar year; (ii) Tenant shall provide Landlord with written notice
no later than ninety (90) days following Tenant’s receipt of the Reconciliation Statement for the year to which Tenant’s Audit will apply; (iii) Tenant shall have no right to conduct Tenant’s Audit if an Event of Default
then currently exists; (iv) conducting Tenant’s Audit shall not relieve Tenant from the obligation to pay Operating Expenses, as billed by Landlord, pending the outcome of such audit; (v) Tenant shall commence Tenant’s Audit no
later than one hundred fifty (150) days following Tenant’s receipt of the Reconciliation Statement for such year, and Tenant’s Audit shall conclude forty-five (45) days following the date that Landlord makes available to Tenant
electronically all applicable reasonably requested books and records needed for Tenant’s Audit; (vi) Tenant’s Audit shall be conducted at Landlord’s office where the records of the year in question are maintained by Landlord,
during Landlord’s normal business hours; (vii) Tenant’s Audit shall be conducted at Tenant’s sole cost and expense, provided that if Tenant’s audit shows that Tenant overpaid by five percent (5%) or more, Landlord shall
reimburse Tenant for the reasonable out-of-pocket costs incurred by Tenant’s 

  
 Page 5 of 27 

 
Audit; (viii) Tenant’s Audit shall be conducted by a qualified employee/consultant of Tenant and/or a reputable certified public accountant or other qualified professional who has
experience reviewing financial operating records of commercial building landlords, provided that such qualified professional shall not be retained on a contingency or performance bonus basis; and (ix) Tenant shall provide to Landlord a copy of
Tenant’s findings associated with Tenant’s Audit within ten (10) days following the completion of such audit. 
 (f) In the
event Tenant’s Audit shows documentation reasonable acceptable to Landlord reflecting the calculation of any overstated or understated net amount of Tenant’s Proportionate Share of Operating Expenses for the year audited, the net overage
or shortfall amount shall be paid to the party entitled to such payment within sixty (60) days following Tenant’s receipt of documentation reasonably acceptable to Landlord and Tenant reflecting the calculation of such overstated or
understated amount. 
 4. Facilities Management Fee. “Facilities Management Fee” means the
annual costs and expenses (including depreciation of capital expenditures, amortized on a straight line basis over a period equal to the useful life of such improvements as determined by Landlord in accordance with its customary accounting
principles consistently applied) incurred by Landlord in connection with the ownership, operation, maintenance, and repair of the Building, including the areas of the Premises that Landlord is responsible to repair and maintain, and the Common
Areas, as determined by Landlord in accordance with its customary accounting principles consistently applied, such costs including, without limitation, all costs related to: 
  

	 	(i)	 Landlord’s obligations described in Section 6 herein; 

 

	 	(ii)	 landscaping and maintaining the grounds around the Building and Common Areas; 

 

	 	(iii)	 paving, maintaining and repairing all parking areas (employee or otherwise), driveways, roads, alleys and
sidewalks and costs of maintaining easements, if any, granted to governmental bodies; 

  

	 	(iv)	 maintaining and repairing all storm water drainage and detention facilities (including storm water impact fees,
assessments or other similar charges imposed by any governmental authority); 

  

	 	(v)	 maintaining and repairing all sanitary sewer facilities; 

 

	 	(vi)	 maintaining and repairing all utilities, meters, and backflow preventers serving the Building and leased and
unleased space in the Building (including Common Areas); 

  

	 	(vii)	 exterior painting; and fire alarm and access control (however, Tenant shall separately reimburse Landlord for
the cost to issue each security access badge to Tenant’s employees); 

  

	 	(viii)	 third-party service and maintenance contracts; 

  
 Page 6 of 27 

	 	(ix)	 supplies and materials related to any of the foregoing; 

 

	 	(x)	 cleaning and other janitorial services for the Building. If Tenant requires special or additional janitorial
services that are not included in the services provided to all occupants of the Building, Tenant shall directly arrange for such additional services with and reimburse Landlord’s service provider (currently, Jones Lange LaSalle Americas, Inc.);

  

	 	(xi)	 costs for improvements made to the Building or Common Areas which are expected to reduce the normal operating
or utility costs of the Building, and improvements made in order to comply with any laws, orders, judgments or regulations enacted after the date hereof or any new interpretations of any laws, orders, judgments and regulations hereafter rendered
with respect to any existing law; all of which expenses shall be amortized on a straight line basis over a period equal to the useful life of such improvements as determined by Landlord in accordance with its customary accounting principles
consistently applied; 

  

	 	(xii)	 Common Area and equipment maintenance therein, including in the kitchens, cafeteria, lounges, and the like;

  

	 	(xiii)	 maintaining and repairing, as needed, chilled water systems, compressed air systems, exhaust systems, vacuum
systems, fire sprinkler systems, humidification systems, paging systems, announcement systems, alarms; and 

  

	 	(xiv)	 maintaining and repairing, as needed, of Arc Flash cabinet rating and updated
one-line flash drawing for electrical safety. 

 “Common Areas”
shall mean those areas and facilities which may be furnished by Landlord or others in or for the Property for the nonexclusive general use by Tenant, including (without limitation) lobbies, reception areas, shared restrooms, shared break rooms,
parking areas, access areas (other than public streets), employee parking areas, truck ways, parkways, drives, driveways, loading docks and areas, utility rooms, delivery passageways, package pick-up stations,
sidewalks, interior and exterior pedestrian walkways, courts, ramps, common seating areas, landscaped and planted areas, retaining walls, balconies, stairways, elevators, halls, drinking fountains, lighting facilities, and other similar areas,
facilities or improvements. 
 5. Maintenance and Repairs by Tenant. Notwithstanding Section 6 below, Tenant shall
keep and maintain the Premises, in good order and repair, except for portions of the Premises required or agreed to be repaired by Landlord hereunder, and keep the Premises free and clear of trash and debris and in a clean and sanitary condition. If
Tenant fails to so maintain or to make said repairs after thirty (30) days’ notice to Tenant without cure, Landlord may, but shall not be obligated to, make such repair, in which event Tenant shall, upon written demand, promptly reimburse
Landlord, as additional Rent, for all reasonably incurred expenses. Landlord shall allow Tenant reasonable access to install and maintain any conduits in the Building to the extent necessary for purposes of running voice and data wiring and cabling.

  
 Page 7 of 27 

 6. Repairs by Landlord. 

(a) Landlord agrees to keep in good repair the roof, the floor slab, foundations, structural elements of the Building, exterior paved areas
and exterior walls, utility lines, plumbing, heating, ventilation, and air conditioning systems and to perform any capital improvements or replacements to any of the systems serving the Building or any capital expenditures as may be necessary or
appropriate in Landlord’s reasonable discretion with respect to the Building and the Property. Tenant shall promptly notify Landlord in writing of any damage covered under this Section 6, and Landlord shall be under no
duty to repair unless it receives written notice of such damage. Tenant shall be responsible for the cost of any damage to any portion of the Premises or other portions of the Building or the Property caused by Tenant’s use and occupancy or
caused by the acts or omissions of Tenant or Tenant’s Agents, however, Landlord shall perform any necessary repairs to the extent any damage is outside of the Premises or if Landlord is in charge of the damaged area under this
Section 6. Upon written demand, Tenant shall promptly reimburse Landlord, as additional Rent, for any repairs or maintenance required with respect to any portion of the Premises or other portions of the Building or the
Property caused by the acts or omissions of Tenant or Tenant’s Agents. 
 (b) Landlord has the right to require Tenant to shut down
operations at the Premises no more than twenty-four (24) days in each calendar year for the purpose of repairs and maintenance to any part of the Building or the systems serving the Building. Landlord and Tenant shall cooperate in good faith
with each other to enable such shut downs, and Landlord shall provide Tenant with reasonably sufficient prior notice (via email and telephone to Tenant) to minimize disruption to Tenant’s operations. 

7. Modifications and Alterations to the Premises. No modifications or alterations to the Premises, installation or
attachment of fixtures in and to the Premises, or alterations to the exterior of the Building (including the roof), shall be made by Tenant without the prior written consent of Landlord except that, in any twelve (12)-month period, Tenant may
perform, without Landlord’s consent, up to [* * *] Dollars ($[* * *]) of non-structural, interior alterations that do not alter or interfere with the Separation Work, are not visible
from the exterior of the Building, and do not affect the roof, the Building floor slab or any systems serving the Building (“Tenant’s Non-Structural Alterations”). Any plans
for modification or alteration to the Premises, whether or not Landlord’s consent is required and unless cosmetic in nature or made to Tenant’s Property, shall, at Landlord’s election, be reviewed by a third party engineer or
architect of Landlord’s choosing and Tenant shall pay the costs of such review. To the extent Tenant requires Landlord’s consent for Tenant’s Non-Structural Alterations, if Landlord fails to
object to the same within thirty (30) days of receipt of Tenant’s written request therefor, Tenant shall be permitted to perform such Tenant’s Non-Structural Alterations, and if Landlord objects
within thirty (30) days of receipt of Tenant’s written request therefor, the parties shall work in good faith to coordinate with each other to make such changes to satisfy Landlord’s requirements. Any architect’s or engineering
plans that may be required for permitting shall be performed by architects or engineers insured and licensed in the State of Nebraska. In the event any such modifications or alterations are performed by Tenant in accordance with the provisions of
this Lease (whether or not requiring Landlord’s consent), the same shall be completed in accordance with all applicable codes and regulations. Any alterations or improvements to the Premises made by Tenant shall at once become the property of
Landlord and shall be surrendered to Landlord 
  

	[* * *] =	 [CONFIDENTIAL PORTION HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD BE
COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 

  
 Page 8 of 27 

 
upon the expiration or prior termination of this Lease; provided, however, Landlord has the option by written notice at the time of Landlord’s approval of Tenant’s plans for any
modification or alteration to the Premises, to require Tenant to remove any improvements or repair any alterations in order to restore the Premises to the condition existing on the Commencement Date. With respect to any modification or alteration to
the Premises not requiring Landlord’s consent pursuant to this Section 8, or to which Landlord did not consent, Tenant shall remove any improvements or repair any alterations in order to restore the Premises to the
condition existing on the Commencement Date unless Landlord has agreed to otherwise in writing. Tenant shall have no right to go upon, occupy or use all or any portion of the roof of the Building for any purpose, without the prior written consent of
and on the terms of Landlord. Tenant covenants and agrees that it shall not cause the estate of Landlord in the Premises to become subject to any lien, charge or encumbrance arising from labor performed or materials furnished to the Premises by or
at the request of Tenant; provided, that if a lien shall be filed, Tenant shall have the same removed or bonded off within thirty (30) days of receipt to notice thereof. Within sixty (60) days of completion, Tenant shall deliver to
Landlord a complete copy of the “as-built” or final plans and specifications, if applicable, or other appropriate documentation describing the alterations or improvements made by or on behalf of
Tenant in or to the Premises. 
 8. End of Term. In addition to complying with the provision set forth in
Section 20 “Decommissioning,” at the expiration or prior termination of the Term, Tenant shall quit and surrender possession of the Premises to Landlord in as good order and condition as when Tenant took possession and as thereafter
improved by Landlord and/or Tenant, excepting reasonable wear and tear, casualties, alterations or other interior improvements which Tenant is permitted to keep in place pursuant to Section 7 at the termination of this
Lease. In addition, Tenant shall remove all of Tenant’s Property, including, without limitation, saw-off and grounding smooth all floor anchors on equipment or machinery, remove all low voltage cables and
networking equipment, telecommunications equipment, and vertical utility cables and lines back to their respective junction boxes. Tenant shall repair, at its expense, all damage to the Premises caused by such removal. For the avoidance of doubt,
Tenant shall not make repairs to areas of the Premises which Landlord is in charge of making under Section 6, however, Tenant shall pay the cost of such repairs if there is damage (beyond reasonable wear and tear) resulting
from Tenant’s use or occupancy of the Premises or Common Areas or resulting from the acts or omissions of Tenant or Tenant’s Agents. Notwithstanding the fact that Tenant may have installed or paid for the installation of the following
items without the prior written consent of Landlord, Tenant shall not remove any of the following: building fixtures, electrical distribution wiring and panels, lighting or lighting fixtures, wall coverings, fire extinguishers, carpets or other
floor coverings, heaters, air conditioners or any other heating or air conditioning equipment, attached water coolers or drinking fountains, fencing or security gates; dock levelers and dock equipment; water heaters or other similar building
operating equipment. At the expiration or prior termination of this Lease Tenant shall return the Premises to Landlord vacant, broom clean, normal wear and tear and damage by casualty excepted. Failure to comply with this
Section 8, which failure continues for more than ten (10) days following Tenant’s receipt of written notice from Landlord, will constitute holding over by Tenant. In the event this Lease is terminated for any
reason, any property remaining in or upon the Premises may be deemed to be abandoned by Tenant and become property of Landlord and Landlord may dispose of same with no liability to Landlord and no obligation to Tenant. 

  
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 9. Taxes. During each month of the Term, on the same date and in the
same manner as provided above for Operating Expenses, Tenant shall also pay Landlord as additional rent an amount equal to one-twelfth (1/12th ) of
Tenant’s Proportionate Share of Taxes allocable to the Property. The term “Taxes” includes all real property and personal property taxes, charges, impositions, fines, levies, burdens and assessments of every kind and nature
(including dues and assessments by means of deed restrictions and/or owners’ associations) which accrue against the Property during the Term, and federal, state and local taxes or charges assessed against the Propertyby any governmental or
quasi-governmental body or authority, (except for income, or franchise taxes applicable against Landlord), whether special, general or extraordinary, foreseen or unforeseen (provided, however, if the method of taxation then prevailing
shall be altered so that any method of taxation shall be levied or imposed upon Landlord in place or partly in place of any such real property taxes and assessments and shall be measured by or based in whole or in part upon the Base Rent payable
under this Lease or other rents or other income from the ownership of the Property, then all such new taxes, assessments, levies, impositions or charges shall be included in Taxes), together with reasonable fees paid to consultants and attorneys for
services appealing and/or contesting ad valorem taxes and assessments, or in lieu of the use of consultants, a fee for Landlord’s personnel charged with such duties in an amount equal to twenty percent (20%) of the tax savings realized.
Payments for any fractional calendar month shall be prorated. Not more than once in any calendar year, Landlord may deliver to Tenant a good faith estimate of the amount of Tenant’s Proportionate Share of Taxes owed by Tenant under this Lease,
and thereafter, monthly installments of Tenant’s Proportionate Share of Taxes owed by Tenant under this Lease shall be adjusted in accordance with such estimate. By April 1 of each calendar year during the Term, but in no event
later than June 1 of such calendar year, Landlord shall furnish to Tenant a statement of Taxes for the previous calendar year (the “Tax Statement”), and in the same manner as provided above for Operating Expenses, any
excess or deficiency shall be credited or paid to Landlord or Tenant, as the case may be (as set forth in Section 3(e)). Landlord shall have the sole and absolute right to appeal to the applicable governing authority any assessment of Taxes
pertaining to the Property. 
 10. Insurance. 

(a) Landlord shall keep the property of Landlord insured against “All Risks” for the benefit of Landlord in an amount equivalent to
the full replacement value thereof. Landlord agrees that such policy or policies of insurance shall contain a waiver of subrogation clause as to Tenant and Landlord waives, releases and discharges Tenant from all claims and demands whatsoever which
Landlord may have or acquire arising out of damage to or destruction of Landlord’s property or Landlord’s business therein occasioned by fire or other cause, which such claim or demand may arise because of the negligence or fault of
Tenant, its agents, employees, customers or business invitees, or otherwise, and Landlord agrees to look to the insurance coverage only in the event of such loss. Landlord may also carry such other types of insurance in form and amounts which
Landlord shall determine to be appropriate from time to time. Any and all such insurance maintained by Landlord is hereinafter referred to collectively as “Landlord’s Insurance”). Any of Landlord’s Insurance may be carried
under blanket policies covering other properties of Landlord and/or its partners and/or their respective related or affiliated corporations so long as such blanket policies provide insurance at all times for the Property as required by this Lease.
During each month of the Term, on the same date and in the same manner as provided above for Operating Expenses, Tenant shall also pay Landlord as additional rent an amount equal 

  
 Page 10 of 27 

 
to one-twelfth (1/12th) of Tenant’s Proportionate Share of the annual cost of Landlord’s
Insurance. Payments for any fractional calendar month shall be prorated. Landlord may from time to time deliver to Tenant a good faith estimate of the amount of Tenant’s Proportionate Share of Landlord’s Insurance, and thereafter, monthly
installments of Tenant’s Proportionate Share of Landlord’s Insurance payable by Tenant shall be adjusted in accordance with such estimate. By April 1 of each calendar year during the Term, or as soon thereafter as practicable,
Landlord shall furnish to Tenant a statement of Landlord’s Insurance for the previous calendar year (the “Insurance Statement”), and in the same manner as provided above for Operating Expenses, any excess or deficiency shall be
credited or paid to Landlord or Tenant, as the case may be. Tenant will carry, at Tenant’s sole cost and expense, property insurance coverage on all alterations and improvements completed by Tenant and all equipment, inventory, trade fixtures
and other personal property of Tenant. 
 (b) Tenant shall, at Tenant’s sole cost and expense, maintain “All Risks” property
insurance keeping all of its machinery, equipment, furniture, fixtures, personal property (including also property under the care, custody or control of Tenant), which may be located in, upon, or about the Premises and business interests including
the profits thereof insured against “All Risks” for the benefit of Tenant. 
  

	 	(i)	 General public liability insurance against claims for personal injury, death or property damage occurring upon,
in or about the Premises, such insurance to afford additional insured status to Landlord with limits of not less than $2,000,000 per occurrence. 

  

	 	(ii)	 Workers compensation insurance and employers’ liability, waiving (to the extent permissible under state
law) subrogation against Landlord with employers’ liability coverage of not less than $1,000,000. 

  

	 	(iii)	 Automobile insurance, to the extent applicable having limits for liability coverage of not less than $1,000,000
per occurrence 

  

	 	(iv)	 Cyber insurance including network security liability, extortion, and business interruption coverage with limits
of not less than $3,000,000 per claim. 

 Tenant agrees that such policies of insurance shall contain a waiver of
subrogation clause as to Landlord and Tenant waives, releases and indemnifies Landlord from all claims or demands whatsoever arising out of injury, damage or destruction of machinery, equipment, furniture, fixtures, personal property, and the
business of Tenant, or other property or persons which Tenant is responsible for, occasioned by fire or other cause, whether such claim or demand may arise because of the negligence or fault of Landlord, its agents, employees, subcontractors, and
Tenant agrees to look to the insurance coverage only in the event of such loss. 
 (c) Such insurance shall, in addition and to the extent
available, extend to any liability of Tenant arising out of the indemnities provided for in this Lease. If commercially reasonable, Landlord shall have the right to periodically following the expiration of the Term (but not more than once every
three (3) years) raise Tenant’s required coverage limits hereunder. Commercial general liability policies procured and maintained by Tenant pursuant to this 

  
 Page 11 of 27 

 
Section 10(c) shall include Landlord and any additional parties reasonably designated by Landlord (who have an insurable interest) as additional insureds, shall be
carried with companies licensed or authorized to do business in the State of Nebraska having a rating from A.M. Best of not less than A-VIII, and shall be non-cancelable
and not subject to material change except after thirty (30) days’ written notice to Landlord. All liability policies shall be written on an occurrence, not claims made, basis. 

(d) Each party hereto waives all rights of recovery, claims, actions or causes of actions arising in any manner in its (the “Injured
Party”) favor and against the other party for loss or damage to the Injured Party’s property located within or constituting a part or all of the Property, to the extent the loss or damage: (i) is covered by the Injured
Party’s insurance, or (b) would have been covered by the insurance the Injured Party is required to carry under this Lease, whichever is greater, regardless of the cause or origin, including the sole, contributory, partial, joint,
comparative or concurrent negligence of the other party. This waiver also applies to each party’s directors, officers, employees, shareholders, partners, representatives and agents. All insurance described in this
Section 10 shall provide for such waiver of rights of subrogation by the Injured Party’s insurance carrier to the maximum extent the same is permitted under the laws and regulations governing the writing of insurance
within the state in which the Property is located. It is the intention and agreement of Landlord and Tenant that the Base Rent reserved by this Lease has been fixed in contemplation that each party shall fully provide its own property insurance
protection, and that each party shall look to its respective property insurance carriers for reimbursement of any such loss, and further, that the insurance carriers involved shall not be entitled to subrogation under any circumstances against any
party to this Lease. Neither Landlord nor Tenant shall have any interest or claim in the other’s insurance policy or policies, or the proceeds thereof. 

(e) On or before the Commencement Date, Tenant shall deliver to Landlord certificates of insurance in form and substance satisfactory to
Landlord evidencing that Tenant has procured the insurance which Tenant is required to maintain under this Lease. Any insurance which Tenant is required to maintain under this Lease shall include a provision which requires the insurance carrier to
give Landlord not less than ten (10) days’ written notice prior to any cancellation of such coverage, and if Tenant is unable to require any insurance carrier to provide such notice, then Tenant shall give Landlord written notice within
five (5) Business Days after the date it receives notice of cancellation of such coverage. At least ten (10) days prior to the expiration of any such policy, Tenant shall deliver to Landlord a certificate evidencing the renewal thereof. In
the event Landlord has not received evidence of Tenant’s compliance with the insurance coverages required by this Section 10(e), and after three (3) Business Days’ notice to Tenant of such failure without
delivery to Landlord of such evidence, Landlord may, but shall not be required to, secure coverage on behalf of Tenant in the amounts required herein with companies satisfactory to Landlord. Tenant shall pay the costs of such coverage directly, or,
if paid by Landlord, upon written demand, promptly reimburse Landlord as additional rent, within thirty (30) days after written notice, for all costs incurred by Landlord in securing such coverage. If thereafter Tenant supplies to Landlord
evidence that Tenant is maintaining the insurance required under this Lease, Landlord shall promptly cancel the replacement coverage it obtained and Tenant shall no longer be liable for the cost of the insurance Landlord procured under the
immediately preceding sentence. If Tenant provides any insurance required by this Lease in the form of a blanket policy, Tenant shall furnish satisfactory proof that such blanket policy complies in all respect with the provisions of this Lease, and
that the coverage thereunder is at least equal to the type, quality and substance of the coverage which would be provided under a separate policy covering only the Premises. 

  
 Page 12 of 27 

 11. Indemnity. 

(a) Subject to Section 10(e), Tenant agrees to indemnify and hold harmless Landlord and its officers, members,
agents and employees from and against any liability, judgments, claims, demands, suits, actions, losses, penalties, fines, damages, costs and reasonable expenses (including reasonable attorneys’ fees and court costs) of any kind or nature
whatsoever, due to or arising out of Tenant’s negligence or intentional misconduct (whether acts or omissions) of Tenant or its agents, contractors, employees or licensees. The indemnification obligations in this
Section 11 shall survive the earlier expiration or termination of this Lease. 
 (b) Subject to
Section 10(e), Landlord agrees to indemnify and hold harmless Tenant and its officers, members, agents and employees from and against any liability, judgments, claims, demands, suits, actions, losses, penalties, fines,
damages, costs and reasonable expenses (including reasonable attorneys’ fees and court costs) of any kind or nature whatsoever, due to or arising out of Landlord’s negligence or intentional misconduct (whether acts or omissions) of
Landlord, or its agents, contractors, employees or licensees. The indemnification obligations in this Section 11 shall survive the earlier expiration or termination of this Lease. 

(c) In the event Landlord and Tenant are determined to be contributorily responsible for the indemnified injury or loss, each
indemnitor’s obligation shall be limited to the indemnitor’s equitable share of the losses, costs or expenses to be indemnified against based on the relative culpability of each indemnifying person whose negligence or willful acts or
omissions contributed to the injury or loss. 
 12. Compliance with Laws. Landlord shall comply with all applicable
requirements of any legally constituted public authority applicable to Landlord’s premises in the Building, to the extent any such non-compliance would prevent Tenant from using the Premises for the
Permitted Purpose. Tenant agrees, at its own expense, to promptly comply with all applicable requirements of any legally constituted public authority made necessary by reason of Tenant’s use or occupancy of the Premises or operation of its
business. Notwithstanding anything to the contrary contained in this Lease, Tenant shall be responsible for any and all costs and expenses arising from any violations of environmental laws or regulations caused by Tenant’s activities or
Tenant’s occupancy of the Premises. 
 13. Destruction of or Damage to Premises. If the Premises are damaged or
destroyed by fire or other casualty, this Lease and all of its terms, covenants and conditions shall, subject to the provisions hereinafter set forth, continue in full force and effect; provided, if more than fifty percent (50%) of the Premises is
rendered unusable for Tenant’s intended use and, in Landlord’s reasonable opinion, the Premises cannot be restored within one hundred eighty (180) days after the date of such damage or destruction, or if the proceeds from
Landlord’s insurance remaining (after required payment to any mortgagee, lender or lessor of Landlord, if any) are insufficient to repair such damage or destruction, then either Landlord or Tenant shall have the right, at the option of either
party, to terminate this Lease by giving the other written notice within sixty (60) days 

  
 Page 13 of 27 

 
after such damage or destruction. Within thirty (30) days after the date of such damage or destruction, Landlord shall give notice to Tenant of its reasonable opinion as to the number of
days needed to restore the Premises so that Tenant may resume normal business operations therein. Notwithstanding anything to the contrary in this Lease, in the event that the Premises is damaged, but not so destroyed (as set forth above) to
terminate the Lease, or Landlord elects to rebuild, and provided that the Term of this Lease shall have at least fifteen (15) months remaining, and that applicable laws shall permit, then, and in those events, the Landlord shall repair and
rebuild the Premises with reasonable diligence. Notwithstanding the foregoing: (i) (A) in the event there is less than two (2) years of the Lease Term remaining, or (B) in the event Landlord’s mortgagee should require
that the insurance proceeds payable as a result of a casualty be applied to the payment of the mortgage debt and Landlord does not promptly commit to restore with Landlord’s funds, or (C) in the event of any material uninsured loss to the
Building and Premises and Landlord does not promptly commit to restore with Landlord funds, then Tenant may terminate this Lease by notifying Landlord in writing of such termination within ninety (90) days after the date of such casualty, or
(ii) if the written estimate states that the Premises cannot be restored to substantially the condition that existed prior to the casualty within one hundred eighty (180) days of the casualty, then Tenant may, at its option, terminate this
Lease by notifying the Landlord in writing of such termination within one hundred twenty (120) days after the date of such casualty. Within sixty (60) days of such casualty, Landlord shall notify Tenant whether the Premises cannot be
restored to the condition that existed prior to the casualty within one hundred eighty (180) days of the casualty. In addition, if the Premises is not restored within two hundred seventy (270) days after the date of such casualty,
then Tenant may, at its option, send a 30 day notice to terminate this Lease and if the Premises is not restored by the end of such 30 day period, this Lease shall automatically terminate. In the event of any termination under this
Section 13, Rent shall be apportioned and paid up to the date of such casualty. If the Premises are damaged, but this Lease is not terminated, Rent shall abate in such proportion as use of the Premises has been destroyed,
and Landlord shall, subject to the receipt of sufficient insurance proceeds, promptly restore the Premises to substantially the same condition as before damage, whereupon full rental shall recommence. Landlord shall not be responsible for restoring
or insuring Tenant’s Property. 
 14. Condemnation. If the whole of the Premises, or such portion thereof as will
make the Premises unusable for Tenant’s intended use, shall be condemned by any legally constituted authority for any public use or purpose, or sold under threat of condemnation, then, in any of said events, the Term of this Lease shall cease
from the time when possession or ownership thereof is taken by public authorities and Base Rent shall be accounted for as between Landlord and Tenant as of that date. Such termination, however, shall be without prejudice to the rights of either
Landlord or Tenant to recover compensation and damage caused by condemnation from the condemnor. It is further understood and agreed that neither Tenant, nor Landlord, shall have any rights in any award made to the other by any condemnation. 

15. Assignment. 

(a) Tenant shall not, without the prior written consent of Landlord, which Landlord can withhold in its sole and absolute discretion, directly
or indirectly, voluntarily or involuntarily, by operation of law, merger, consolidation, reorganization or otherwise (including without limitation through the transfer of a direct or indirect majority interest of stock, partnership interests or
other ownership interests in Tenant, or through merger, or dissolution), mortgage, pledge, encumber, sell, transfer or assign this Lease, in whole or in part, or sublease all or any part of the Premises, or permit the use or occupancy of all or any
part of the Premises by any other party (all of the foregoing being referred to herein as an “Assignment”). In no event is Tenant permitted to sublet or license all or any portion of the Premises. 

  
 Page 14 of 27 

 (b) Tenant shall notify Landlord in writing of any proposed Assignment at least thirty
(30) days prior to the date of such Assignment and shall provide information and documentation regarding the proposed assignee, creditworthiness, experience and such other matters as Landlord may reasonably request. Landlord shall have fifteen
(15) days from receipt of all information required by the proceeding sentence within which to elect, in its sole and absolute discretion, to: (i) reject the proposed Assignment and to thereby continue this Lease in full force and effect as
if such Assignment had never been proposed, or (ii) consent to the proposed Assignment. In the event any rental due and payable by any assignee under any such permitted Assignment (or a combination of the rental payable under such Assignment
plus any bonus or any other consideration or any payment incident thereto) exceeds the Base Rent payable under this Lease, Tenant shall pay to Landlord fifty percent (50%) of all such excess rental and other excess consideration, net of
Tenant’s Transfer Costs (defined herein), within ten (10) days following receipt thereof by Tenant. “Tenant’s Transfer Costs” shall mean the outstanding balance from time to time of the sum of the following
items: (A) the cost of any additional tenant improvements paid by Tenant required for the Assignment of such portion of the Premises; (B) reasonable market leasing commissions paid by Tenant in connection with the Assignment; and
(C) reasonable marketing expenses and market concessions (including rent abatement) paid by Tenant to assign this Lease (to the extent not included in a brokerage commission paid by Tenant); provided, however, Tenant shall be
entitled to the remaining fifty percent (50%) of such excess rent. Upon written demand, Tenant shall promptly reimburse Landlord for Landlord’s costs and expenses, including, without limitation, a processing fee of Two Thousand Five Hundred and
00/100 Dollars ($2,500.00) to cover Landlord’s administrative expenses and attorney’s fees, in connection with any proposed Assignment covered under this Section 15 where Landlord’s written consent is
required. 
 (c) In the event of any Assignment, Tenant shall remain fully liable for the performance of all the terms and conditions of
this Lease. No assignee of the Premises or any portion thereof may assign or sublet the Premises or any portion thereof. Landlord shall have the right at any time to sell, transfer or assign, in whole or in part, by operation of law or otherwise,
its rights, benefits, privileges, duties, obligations or interests in this Lease or in the Premises, the Property, and all other buildings, land, or property referred to herein, without the consent of Tenant, and such sale, transfer or assignment
shall be binding on Tenant. After such sale, transfer or assignment Tenant shall attorn to such purchaser, transferee or assignee, and Landlord shall be released from all liability and obligations under this Lease accruing after the effective date
of such sale, transfer or assignment. 

  
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 16. Hazardous Materials. 

(a) Definitions.: As used in this Lease, the following terms have the following meanings: 

“Environmental Law” means any past, present or future federal, state or local statutory or common law,
or any regulation, ordinance, code, plan, order, permit, grant, franchise, concession, restriction or agreement issued, entered, promulgated or approved thereunder, relating to (i) the environment, human health or safety, including, without
limitation, emissions, discharges, releases or threatened releases of Hazardous Materials (defined below) into the environment (including, without limitation, air, surface water, groundwater or land), or (ii) the manufacture, generation,
refining, processing, distribution, use, sale, treatment, receipt, storage, disposal, transport, arranging for transport, or handling of Hazardous Materials. 

“Environmental Permits” mean collectively, any and all permits, consents, licenses, approvals and
registrations of any nature at any time required pursuant to, or in order to comply with, any applicable Environmental Law or other law including, but not limited to, any Spill Control Countermeasure Plan and any Hazardous Materials Management Plan.

 “Hazardous Materials” shall mean and include any hazardous or toxic materials, substances or
wastes as now or hereafter designated or regulated under any Environmental Law, including, without limitation, asbestos, petroleum, petroleum hydrocarbons and petroleum based products, urea formaldehyde foam insulation, polychlorinated biphenyls
(“PCBs”), freon and other chlorofluorocarbons, “biohazardous waste,” “medical waste,” “infectious agent”, or “mixed waste”. 

“Release” shall mean with respect to any Hazardous Materials, any release, deposit, discharge,
emission, leaking, pumping, leaching, spilling, seeping, migrating, injecting, pumping, pouring, emptying, escaping, dumping, disposing or other movement of Hazardous Materials. 

(b) Tenant’s Obligations – Environmental Permits. Tenant will (i) obtain and maintain in full force and
effect all Environmental Permits that may be required from time to time under any Environmental Laws applicable to Tenant or the Premises and (ii) be and remain in compliance with all terms and conditions of all such Environmental Permits and
with all other limitations, restrictions, conditions, standards, prohibitions, requirements, obligations, schedules and timetables contained in all Environmental Laws applicable to Tenant or the Premises. Notwithstanding the foregoing, Landlord
shall apply to the City of Holdrege, NE (the “City”) for permission to allow Tenant to discharge wastewater from Tenant’s operations at the Premises pursuant to that certain existing Waste Water Discharge Agreement between the
City and Landlord attached on Exhibit F (such wastewater permit and any supplement to, modification of, or substitute wastewater permit used by Tenant, the “Wastewater Permit”). If Tenant contemplates any changes in
Tenant’s operations at the Premises or wastewater effluent that has the reasonably likely potential to (x) negatively impact operation of the City’s wastewater treatment plant or (y) impact Landlord’s permit, Tenant shall
give at least sixty (60) days prior written notice to Landlord or as soon Tenant becomes aware of such change. Tenant will comply with all authorization conditions and sampling requirements related to any Wastewater Permit, whether or not
discharging under a shared permit with Landlord, and shall fully cooperate at Tenant’s own cost with Landlord in investigating any non-compliance with said permit. Tenant may not increase the volume or
change the constitution of its wastewater effluent without the prior written consent of Landlord. Tenant will indemnify Landlord for Tenant’s use of any Wastewater Permit in accordance with Section 16(g). 

  
 Page 16 of 27 

 (c) Tenant’s Obligations – Hazardous Materials. Except as expressly
permitted herein and as set forth on Exhibit G herein, Tenant agrees not to cause or permit any Hazardous Materials to be brought upon, stored, used, handled, generated, released or disposed of on, in, under or about the Premises, or any
other portion of the Property by Tenant, its agents, employees, subtenants, assignees, licensees, contractors or invitees (collectively, “Tenant’s Agents”), without the prior written consent of Landlord, which consent Landlord
may withhold in its sole and absolute discretion. Landlord acknowledges that it is not the intent of this Section 16(b) to prohibit Tenant from operating its business for the uses permitted hereunder. Tenant may operate its business according
to the custom of Tenant’s industry and /or based on Tenant’s historical ordinary course of business so long as the use or presence of Hazardous Materials is strictly and properly monitored in accordance with applicable Environmental Laws.
As a material inducement to Landlord to allow Tenant to use Hazardous Materials in connection with its business, Tenant agrees to deliver to Landlord prior to the Commencement Date a list identifying each type of Hazardous Material to be present at
the Premises and setting forth any and all governmental approvals or permits required in connection with the presence of such Hazardous Material at the Premises (the “Hazardous Materials List”). Tenant shall deliver to Landlord an
updated Hazardous Materials List annually and shall also deliver an updated Hazardous Materials List before any new Hazardous Materials are brought to the Premises. Tenant shall deliver to Landlord true and correct copies of the following documents
(the “Documents”) relating to the handling, storage, disposal and emission of Hazardous Materials prior to the Commencement Date or, if unavailable at that time, concurrently with the receipt from or submission to any governmental
authority: permits; approvals; reports and correspondence; storage and management plans; notices of violations of applicable Environmental Laws; plans relating to the installation of any storage tanks to be installed in, on, under or about the
Premises (provided that installation of storage tanks shall only be permitted after Landlord has given Tenant its written consent to do so, which consent Landlord will not unreasonably withhold; and all closure plans or any other documents required
by any and all governmental authorities for any storage tanks installed in, on, under or about the Premises for the closure of any such storage tanks. For each type of Hazardous Material listed, the Documents shall include (s) Safety Data
Sheet, (t) the chemical name, (u) the material state (e.g., solid, liquid, gas or cryogen), (v) the concentration, (w) the storage amount and storage condition (e.g., in cabinets or not in cabinets), (x) the use
amount and use condition (e.g., open use or closed use), (y) the location (e.g., room number or other identification) and (z) if known, the chemical abstract service number. Tenant shall not be required, however, to provide
Landlord with any portion of the Documents containing information of a proprietary nature, which Documents, in and of themselves, do not contain a reference to any Hazardous Materials or activities related to Hazardous Materials. Upon the expiration
or earlier termination of this Lease, Tenant agrees to promptly remove from the Premises, the Building and the Property, at its sole cost and expense, any and all Hazardous Materials, including any equipment or systems containing Hazardous Materials
which are installed, brought upon, stored, used, generated or released upon, in, under or about the Premises, the Building and/or the Property or any portion thereof by Tenant or any of Tenant Agents during the Term of this Lease. 

(d) Landlord’s Right to Conduct Environmental Assessment. Landlord represents to Tenant that as of the date of this
Lease and to the best of Landlord’s knowledge, there have been no Releases of Hazardous Materials in violation of Environmental Laws in the Building, Premises or at the Property. This representation shall survive expiration or sooner
termination of this Lease. If any pre-existing Releases of Hazardous Materials are subsequently 

  
 Page 17 of 27 

 
discovered, Landlord shall be solely and exclusively responsible for all such costs associated with the remediation thereof. At any time during the Term, Landlord shall have the right, at
Landlord’s sole cost and expense, to conduct an environmental assessment of the Building or the Premises (as well as any other areas in, on or about the Property that Landlord reasonably believes may have been affected adversely by
Tenant’s use of the Building or the Premises (collectively, the “Affected Areas”) in order to confirm that the Building or Premises and the Affected Areas do not contain any Hazardous Materials in violation of applicable
Environmental Laws or under conditions constituting or likely to constitute a Release of Hazardous Materials. Such environmental assessment shall be a Phase I Environmental Site Assessment or such other level of investigation which shall be the
standard of diligence in the purchase or lease of similar property at the time, Tenant shall be responsible for paying for any additional investigation or report required based on a recognized environmental condition, which would customarily follow
any discovery contained in such initial Phase I assessment (including, but not limited to, a Phase II Environmental Site Assessment). Such right to conduct such environmental site assessments shall not be exercised by Landlord more than once per
calendar year unless an Event of Default exists hereunder. 
 (e) Tenant’s Obligations to perform Corrective Action. If the data
from any environmental site assessment authorized and undertaken by Landlord pursuant to Section 16(d) indicates there has been a Release, threatened Release or other conditions with respect to Hazardous Materials on, under or emanating from
the Building, the Premises and the Affected Areas that may require any investigation and/or active response action, including without limitation active or passive remediation and monitoring or any combination of these activities (“Corrective
Action”), Tenant shall immediately undertake Corrective Action with respect to contamination if, and to the extent, required by the governmental authority exercising jurisdiction over the matter. Any Corrective Action performed by Tenant
will be performed with Landlord’s prior written approval, not to be unreasonably withheld, delayed or conditioned and in accordance with applicable Environmental Laws, at Tenant’s sole cost and expense and by an environmental consulting
firm (reasonably acceptable to Landlord). Tenant may perform the Corrective Action before or after the expiration or earlier termination of this Lease, to the extent permitted by governmental agencies with jurisdiction over the Premises, the
Building and the Property. Tenant or its consultant may install, inspect, maintain, replace and operate remediation equipment and conduct the Corrective Action as it considers necessary, subject to Landlord’s written consent as set forth above
(i.e., not to be unreasonably withheld, delayed or conditioned). Tenant and Landlord shall, in good faith, cooperate with each other with respect to any Corrective Action after the expiration or earlier termination of this Lease so as not to
interfere unreasonably with the conduct of Landlord’s or any third party’s business on the Premises, the Building and the Property. Landlord may, in its sole discretion, provide access until Tenant delivers evidence reasonably satisfactory
to Landlord that Tenant’s Corrective Action activities on the Premises and the Affected Areas satisfy applicable Environmental Laws. It shall be reasonable for Landlord to require Tenant to deliver a “no further action” letter or
substantially similar document from the applicable governmental agency. Tenant agrees to install, at Tenant’s sole cost and expense, screening around its remediation equipment so as to protect the aesthetic appeal of the Premises, the Building
and the Property. Tenant also agrees to use reasonable efforts to locate its remediation and/or monitoring equipment, if any (subject to the requirements of Tenant’s consultant and governmental agencies with jurisdiction over the Premises, the
Building and the Property) in a location which will allow Landlord, to the extent reasonably practicable, the ability to lease the 

  
 Page 18 of 27 

 
Premises, the Building and the Property to a subsequent user. Any Hazardous Materials contamination on, in, under or about the Premises and the Affected Areas at the expiration or earlier
termination of this Lease which is not disclosed by Tenant prior to the Effective Date shall be presumed to have arisen in connection with Tenant’s environmental activities under this Lease. Notwithstanding anything above to the contrary, if
any clean-up or monitoring procedure is required by any applicable governmental authorities in, on, under or about the Premises and the Affected Areas during the Term as a consequence of any Hazardous
Materials contamination and the procedure for clean-up is not completed (to the satisfaction of the applicable governmental authorities) prior to the expiration or earlier termination of this Lease then Tenant
shall remain obligated to perform the same right until the date that the clean-up procedure is completed. 

(f) Tenant’s Duty to Notify Landlord Regarding Releases. Tenant agrees to promptly notify Landlord of any Release of Hazardous
Materials in the Premises, the Building or any other portion of the Property which Tenant becomes aware of during the Term of this Lease, whether caused by Tenant or any other persons or entities. In the event of any release of Hazardous Materials
caused or permitted by Tenant or any of Tenant Agents, Landlord shall have the right, but not the obligation, to cause Tenant, at Tenant’s sole cost and expense, to immediately take all reasonable steps Landlord deems necessary or appropriate
to remediate such Release and prevent any similar future release to the satisfaction of Landlord and Landlord’s mortgagee(s). Tenant will, upon the request of Landlord at any time during which Landlord has reason to believe that Tenant is not
in compliance with this Section 16 (and in any event no earlier than sixty (60) days and no later than thirty (30) days prior to the expiration of this Lease), cause to be performed an environmental site assessment of the Premises at
Tenant’s expense by an established environmental consulting firm reasonably acceptable to Landlord. In the event the audit provides that Corrective Action is required then Tenant shall immediately perform the same at its sole cost and expense.

 (g) Tenant’s Environmental Indemnity. To the fullest extent permitted by law, Tenant agrees to promptly
indemnify, protect, defend and hold harmless Landlord, and Landlord’s members, partners, sub-partners, independent contractors, officers, directors, shareholders, employees, agents, successors and assigns
(collectively, the “Landlord Parties”) from and against any and all claims, damages, judgments, suits, causes of action, losses, liabilities, penalties, fines, expenses and costs (including, without limitation, clean-up, removal, remediation and restoration costs, sums paid in settlement of claims, attorneys’ fees, consultant fees and expert fees and court costs) which arise or result from the presence of Hazardous
Materials on, in, under or about the Premises, the Building or any other portion of the Property and which are caused or permitted by Tenant or any of Tenant Agents during the Term of this Lease, including arising from or caused in whole or in part,
directly or indirectly, by or related to (i) the presence in, on, under or about the Premises and the Affected Areas, of any Hazardous Materials; (ii) Tenant’s or Tenant’s Agents’ actual, proposed or threatened use,
treatment, storage, transportation, holding, existence, disposition, manufacturing, control, management, abatement, removal, handling, transfer, generation or Release (past, present or threatened) of Hazardous Materials to, in, on, under, about or
from the Premises and the Affected Areas; (iii) non-compliance or violations of any Environmental Laws in connection with Tenant or Tenant’s Agents and/or the Premises and/or the Affected Areas for
actions arising after the Commencement Date; (iv) personal injury claims; (v) the payment of any environmental liens, or the disposition, recording, or filing or threatened disposition, recording or filing of any environmental lien
encumbering or otherwise affecting the 

  
 Page 19 of 27 

 
Premises and/or the Affected Areas; (vi) direct damages for the loss or restriction of use of that part of the Premises and/or the Property affected; (vii) the cost of any
investigation of site conditions; and (viii) the cost of any repair, clean-up or remediation ordered by any governmental or quasi-governmental agency or body or otherwise deemed necessary in
Landlord’s reasonable judgment. Tenant’s obligations hereunder shall include, without limitation, and whether foreseeable or unforeseeable, all costs of any required or necessary repair, cleanup or detoxification or decontamination of the
Premises, the Building and/or the Property, or the preparation and implementation of any closure, remedial action or other required plans in connection therewith; provided, however, that Tenant’s indemnity obligation shall not extend
to any matter in clauses (i) or (viii) above directly caused or materially exacerbated by Landlord and/or any Landlord Parties. For purposes of the indemnity provisions in this Section 16, any acts or omissions of Tenant and/or
Tenant Agents or others acting for or on behalf of Tenant (whether or not they are negligent, intentional, willful or unlawful) shall be strictly attributable to Tenant. The provisions of this Section 16(g) will survive the expiration or
earlier termination of this Lease. 
 (h) Intentionally Omitted. 

(i) Landlord’s Environmental Indemnity. Landlord indemnifies and shall defend, hold and save Tenant, and Tenant’s members,
partners, sub-partners, independent contractors, officers, directors, shareholders, employees, agents, successors and assigns (collectively, “Tenant Parties”) from and against any and all
claims, damages, judgments, suits, causes of action, losses, liabilities, penalties, fines, expenses and costs (including, without limitation, clean-up, removal, remediation and restoration costs, sums paid in
settlement of claims, reasonable attorneys’ fees, reasonable consultant fees and reasonable expert fees and court costs) which arise or result from the presence of Hazardous Materials on, in, under or about the Premises, the Building or any
other portion of the Property and which arise during or after the Lease Term as a result of (1) the environmental condition at the Property existing as of or prior to the Commencement Date, (2) the presence in, on, under or about the
Common Areas or the non-Premises of any Hazardous Materials; (3) Landlord’s or other tenants’ actual, proposed or threatened use, treatment, storage, transportation, holding, existence,
disposition, manufacturing, control, management, abatement, removal, handling, transfer, generation or Release (past, present or threatened) of Hazardous Materials to, in, on, under, about or from the
non-Premises and the Common Areas; (4) any past or present non-compliance or violations of any Environmental Laws in connection with Landlord or other tenants and/or the Common Areas or the non-Premises; (5) personal injury claims not caused by Tenant or Tenant’s Agents; (6) the payment of any environmental liens, or the disposition, recording, or filing or threatened disposition,
recording or filing of any environmental lien encumbering or otherwise affecting the Common Areas or the non-Premises; (7) damages for the loss or restriction of use of the Common Areas or the non-Premises not caused by Tenant or Tenant’s Agents which adversely affects the Permitted Purposes; (8) the cost of any investigation of site conditions in the Common Areas or non-Premises not caused by Tenant or Tenant’s Agents; and (9) the cost of any repair, clean-up or remediation ordered by any governmental or quasi-governmental
agency or body or otherwise deemed necessary in Landlord’s reasonable judgment on the Common Areas or non-Premises areas and not caused by Tenant Agents, or (10) Hazardous Materials contamination on
or about the Property otherwise to the extent caused by the gross negligence or willful misconduct of any Landlord Party; provided, however, that Landlord’s indemnity obligation shall not extend to any matter in clauses (1) or
(10) above directly caused or materially exacerbated by Tenant and/or any Tenant Agents. For purposes of the indemnity provisions in this Section 16(i), any acts or omissions of Landlord and/or Landlord’s employees, agents,
contractors or others acting for or on behalf of Landlord (whether or not they are negligent, intentional, willful or unlawful) shall be strictly attributable to Landlord. 

  
 Page 20 of 27 

 17. Event of Default; Remedies. In the event: any monthly installment
of Base Rent, Operating Expenses, or additional rent owed by Tenant to Landlord hereunder is not paid at the time and place when and where due, and Tenant fails to pay any such sum within ten (10) days after written notice from Landlord
(provided that Tenant shall have the ability to cure a default for delinquent Rent in accordance with Section 3(c); the Premises shall be deserted or vacated without Landlord’s prior written consent (provided that
Tenant shall not be deemed to have deserted or vacated the Premises if it ceases operations therein but continues to pay all monthly installment of Base Rent, Operating Expenses or additional rent owed by Tenant to Landlord hereunder and perform its
repair and maintenance duties as required under this Lease); Tenant fails to comply with any term, provision, condition, or covenant of this Lease, other than the payment of Tenant’s monthly installment of Base Rent, Operating Expenses or
additional rent, and such failure is not cured within thirty (30) days after written notice to Tenant of such failure to comply (or in the case of a failure which, by its nature, cannot be cured within such thirty
(30)-day period, then within such longer period not to exceed ninety (90) days as may be reasonably necessary to effectuate a cure thereof); or a lien is filed against the Premises or Landlord’s
estate therein by reason of any work, labor, services or materials performed or furnished, or alleged to have been performed or furnished, to Tenant or anyone holding the Premises by, through or under Tenant, and Tenant fails to cause the same to be
vacated and canceled of record, or bonded off in accordance with applicable law, within thirty (30) days after Tenant’s receipt of written notice of the filing of such lien (each, an “Event of Default”), Landlord shall
have the option during the continuance of any such Event of Default, to do any of the following (to the extent permitted by applicable law): 
  

	 	(i)	 Terminate this Lease, in which event Tenant shall immediately surrender the Premises to Landlord. Tenant agrees
to indemnify Landlord for all loss, damage and expense which Landlord may suffer by reason of such termination, whether through inability to relet the Premises, through decrease in rent, through incurring court costs, attorneys’ fees or other
costs in enforcing this provision or otherwise; 

  

	 	(ii)	 With or without terminating this Lease, terminate Tenant’s right of possession, and, at Landlord’s
option (with or without notice or resort to legal proceedings) reenter, take possession of and rent the Premises at the best price obtainable by reasonable effort, without advertisement and by private negotiations and for any term Landlord deems
proper. Tenant shall be liable to Landlord for the deficiency, if any, between Tenant’s Base Rent under this Lease and the rent obtained by Landlord on reletting and for any damage, reasonable attorney’s fees or other costs incurred by
Landlord in enforcing its rights under this provision, provided, Landlord shall use commercially reasonable efforts to re-lease the Premises to a satisfactory tenant under no less favorable terms and
conditions as set forth in this Lease; 

  
 Page 21 of 27 

	 	(iii)	 Apply for and obtain a dispossessory action against Tenant and hold Tenant liable for all costs incident to
seeking such dispossessory action, including reasonable attorney’s fees or other costs; or 

  

	 	(iv)	 As agent of Tenant, do whatever Tenant is obligated to do by the provisions of this Lease and enter the
Premises, by force if necessary, without being subject to prosecution or liable for any claims for damages therefor, to accomplish this purpose. Tenant agrees to reimburse Landlord immediately upon written demand for any expenses which Landlord may
incur in thus effecting compliance with this Lease on behalf of Tenant and Tenant further agrees that Landlord shall not be liable for any damages resulting to Tenant from such action, whether caused by negligence of Landlord or otherwise.

 Pursuit of any of the foregoing remedies shall not preclude pursuit of any other remedies provided in this Lease or any other remedies
provided by law or in equity. Any notice under this Lease may be given by Landlord or its attorney. Upon the existence of any Event of Default, Tenant shall pay to Landlord all costs incurred by Landlord (including court costs and reasonable
attorneys’ fees and expenses) in (i) obtaining possession of the Premises, (ii) removing and storing Tenant’s or any other occupant’s property, (iii) repairing, restoring, renovating, altering, remodeling, or otherwise
putting the Premises into the condition required of Tenant at the end of the Term, (iv) if Tenant is dispossessed of, or vacates or abandons, the Premises and this Lease is not terminated, reletting all or any part of the Premises (including,
but not limited to, brokerage commissions, cost of tenant finish work, advertising and promotional expenses, and other costs incidental to such reletting), (v) performing Tenant’s obligations which Tenant failed to perform, and
(vi) enforcing its rights, remedies, and recourses arising out of the event of default. If any Base Rent or other sum due and owing under this Lease is collected by or through an attorney at law through the occurrence of an event of default,
then, in addition to such sums, Tenant shall also pay Landlord’s reasonable attorneys’ fees and other reasonable costs incurred in such collection. 

18. Access by Landlord. With no less than twenty-four (24) hours’ prior notice to Tenant (except in an
emergency), Landlord and its agents, employees and representatives shall have the right to enter and/or pass through the Premises at reasonable business hours (except in the event of emergency, when entry may be at any time) during the Term for the
purpose of (a) examining and inspecting the Premises to insure compliance by Tenant with the terms and conditions hereof, including, without limitation, the provisions of Section 16; (b) inspecting, testing,
monitoring, repairing and maintaining utility lines, fire sprinklers and fire protection systems, alarm systems, backflow preventers, and mechanical, plumbing, HVAC or other systems serving the Building; (c) performing maintenance and making
repairs as Landlord is required to perform under the terms and conditions hereof, or performing repairs to Landlord’s adjoining property, if any; or (d) showing the Premises to prospective purchasers or, in the last year of the Term, to
prospective tenants. Landlord shall use good faith, reasonable efforts to limit interference with Tenant’s business operations and use and occupancy of the Premises. 

  
 Page 22 of 27 

 19. Holding Over. If Tenant remains in possession of the Premises after
expiration or early termination of the Term, (i) Base Rent shall remain unchanged for the first 30 days of the holdover, (ii) from the 31st through the 60th day of the holdover, Tenant shall pay[* * *] percent ([* * *]%) of Base Rent for such month, (iii) from the
61stst through the 90th day of the holdover, Tenant shall pay [* * *] percent ([* * *]%) of Base Rent for
such month, and after the ninety (90) days of holdover, such holdover shall be as a tenant at sufferance and not as a tenant at will, and the Base Rent shall be [* * *] percent ([* * *]%) of the amount in effect at the end
of the Term. Further, in the event Tenant remains in possession of the Premises for more than thirty (30) days after the expiration of the Term, Tenant shall also be responsible for and pay all actual damages sustained by Landlord by reason of
Tenant’s remaining in possession. In no event shall the collection or payment of Base Rent during such holdover period cause Tenant to be or be deemed a tenant at will. Should Tenant fail to so vacate the Premises upon the end of the term,
Tenant shall be subject to dispossession without further notice, by summary dispossessory proceedings, in addition to any and all other remedies to which Landlord may be entitled by law or under this Lease. No holding over by Tenant without the
express written consent of Landlord shall operate to extend the Term of this Lease. 
 20. Decommissioning. At least
sixty (60) days prior to Tenant’s surrender of possession of any part of the Premises, Tenant shall provide Landlord with (a) a facility decommissioning and Hazardous Materials closure plan for the Premises (collectively,
“Decommissioning Plan”) prepared by an independent third party reasonably acceptable to Landlord, and (b) commercially reasonable written evidence of all appropriate governmental releases obtained by Tenant in accordance with
applicable Environmental Laws, including requirements pertaining to the surrender of the Premises (the “Closure Report”). Tenant shall remain responsible after the surrender of the Premises for the remediation of any recognized
environmental conditions set forth in the Decommissioning Plan and caused by Tenant or any Tenant Agents and compliance with any recommendations set forth in the Decommissioning Plan. Tenant shall, upon the expiration or earlier termination of this
Lease, furnish to Landlord commercially reasonable evidence that Tenant has closed all governmental permits and licenses, if any, issued in connection with Tenant’s or Tenant Agents’ activities at the Premises. 

21. Notices. Subject to Section 18, Any notice given pursuant to this Lease must be in
writing and simultaneously sent by email and by certified mail, return receipt requested, or reputable overnight courier to: 
  

			
	 Landlord:
	  	Becton Dickinson Infusion Therapy Inc.
		  	1 Becton Drive, MC 112
		  	Franklin Lakes, New Jersey 07417
		  	Attention: Real Estate Manager, Americas
		
		  	Email: [        ]
		
	 with copies to:
	  	Becton, Dickinson and Company
		  	1 Becton Drive
		  	Franklin Lakes, New Jersey 07417
		  	 Attention: Joseph LaSala

                 Chief Counsel - Transactions/M&A

		  	Email:       joseph_lasala@bd.com
		
	 Tenant:
	  	
		
	 with copies to:
	  	

  

	[* * *] =	 [CONFIDENTIAL PORTION HAS BEEN OMITTED BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD BE
COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 

  
 Page 23 of 27 

 Either party may change its address for notices under this Lease by written notice properly delivered to the
other party as provided in this Section 21. Any notice sent in the manner set forth above shall be deemed delivered for all purposes hereunder on the day said notice is deposited in the mail or with the courier. 

22. Exterior Signs. Subject to the terms and conditions of this Lease, Tenant shall have the right to erect at
Tenant’s sole cost and expense Tenant’s customary identification sign on the front entrance of the Premises. This sign shall not be other than a customary trade sign, professionally prepared and identifying the business of Tenant. Tenant
shall not paint or deface the exterior walls of the Building and Tenant shall not use any adhesive or similar type fasteners for any signs Tenant is permitted to install pursuant to this Lease. All signage must be approved in writing in advance by
Landlord (such approval shall not be unreasonably withheld, conditioned or delayed), and such signage shall, at all times, be subject to and in conformity with: (a) all applicable laws within the jurisdiction having control over the Premises,
(b) all applicable zoning ordinances and building restrictions, and (c) all applicable covenants of record. Landlord may require, in its sole discretion, a scaled drawing provided by Tenant of such proposed signage prior to Landlord’s
approval of the same. In the event a sign is erected by Tenant without Landlord’s consent, Landlord shall have the right to remove said sign and charge the cost of such removal to Tenant as additional rent under this Lease. In the event
Landlord implements a program for directional or wayfinding signage for the Property, Landlord shall include Tenant’s signage as part of such program. In no event shall Tenant utilize any portable or vehicular signs at the Premises. On or
before the expiration or prior termination of this Lease Tenant shall, at its sole cost and expense, remove any signage erected, and shall repair any damage or disfigurement, and close any holes, caused by such removal. 

23. Estoppel Certificates; Financial Statements. Tenant agrees, from time to time, within ten (10) Business Days
after written request from Landlord, to execute and deliver to Landlord, or Landlord’s designee, an estoppel certificate, stating that this Lease is in full force and effect, the date to which Base Rent has been paid, to the actual knowledge of
Tenant, whether Landlord is or is not in default under this Lease (or specifying in detail the nature of Landlord’s default), the expiration date of this Lease and such other matters pertaining to this Lease as may be reasonably requested. In
addition, if at any time Tenant or Tenant’s parent entity is not a company listed with a public stock exchange, and Landlord, any superior lessor or any holder of a mortgage on the fee or leasehold estate requests a copy of Tenant’s
current financial statement, Tenant agrees to furnish a copy certified by a duly authorized officer of Tenant within ten (10) Business Days after written request to Tenant. 

24. Brokerage. Each of Landlord and Tenant represents and warrants to the other that it has dealt with no real estate
broker, agent or finder in connection with this Lease and that no broker is entitled to any commission on account of this Lease. Each party covenants and agrees to indemnify and hold the other harmless from any and all loss, liability, damage,
claim, judgment, cost and expense (including without limitation reasonable attorneys’ fees and litigation costs) that may be incurred or suffered by the other to the extent caused by any claim for any fees, commission or similar compensation
with respect to this Lease, made by any broker, agent or finder claiming by, through or under the indemnifying party, whether or not such claim is meritorious. 

  
 Page 24 of 27 

 25. Executive Order No. 13224. Each of
the parties hereto warrant and represents to the other that (a) the name of the party used in this Lease is the party’s lawful, true, and correct name; (b) the party is not listed on the Specially Designated Nationals and Blocked
Persons List maintained by the Office of Foreign Asset Control, Department of the Treasury pursuant to the requirements of Executive Order No. 13224, 66 Fed. Reg. 49079 (September 25, 2001) (the “List”); and
(c) unless publicly traded (or owned by a publicly traded company), the party is not owned or controlled by, nor acts for or on behalf of, any individual or legal entity on the List. Each of the parties hereto agrees that in the event at
any time such warranties and representations are not true and correct, the other party may, in addition to any other remedies provided in this Lease, terminate this Lease, whereupon neither party shall have any further obligation under this Lease.

 26. Subordination. Tenant’s rights under this Lease shall always be subject and subordinate to the lien of any
bona fide mortgage which is now, or may hereafter be, placed upon the Premises, Property or Landlord’s rights hereunder. Tenant agrees to execute and deliver such documentation as may be required to evidence such subordination within ten
(10) Business Days of receipt of a request for same. Tenant agrees to send all Base Rent and any other payments due hereunder and/or notices to any recipient(s) hereafter designated by Landlord, including its lender (or, with respect to Base
Rent and any other payments due hereunder, to an account controlled by such lender). Notwithstanding the foregoing, Tenant agrees that any holder of such mortgage (the “Superior Mortgagee”) may elect in writing at any time
that all (or any part, as Superior Mortgagee designates) of the right, title, and interest of such Superior Mortgagee shall be subordinate to this Lease and Tenant’s rights and claims under this Lease (a “Subordination
Election”). Any Subordination Election shall become effective when a copy or original of it is either delivered to Tenant or recorded. Such Superior Mortgagee’s right, title, and interest in the Premises shall then become subordinate
to the Lease, whether the Lease is dated before or after the date of such Superior Mortgagee’s interest in the Premises, to the extent set forth in the Subordination Election. Tenant shall, in the event any proceedings are brought for the
foreclosure of, or in the event of exercise of the power of sale under any mortgage placed upon the Premises, attorn to any mortgagee or the purchaser upon any such foreclosure or sale and recognize such mortgagee or purchaser as Landlord under this
Lease and Tenant agrees to execute and deliver commercially reasonable documentation as may be reasonably required to evidence such attornment within ten (10) days of receipt of a request for same. Notwithstanding the foregoing in this
Section 26, Tenant’s agreement to subordinate this Lease and its rights hereunder as to any current or future mortgage is conditioned upon Landlord’s (or any successor in interest) delivery to Tenant of a recordable agreement on any
future mortgagee’s standard form or in form and substance reasonably acceptable to Tenant, Landlord and such superior mortgagee, by which such superior mortgagee shall agree not to disturb Tenant’s possession and occupancy of the Premises
or join Tenant in any such action as a party defendant, unless necessitated by law, so long as Tenant is not in default under this Lease. 

27. Exculpation. ANY MONEY JUDGMENT AGAINST LANDLORD SHALL BE SATISFIED ONLY OUT OF THE RIGHT AND LEASEHOLD ESTATE
INTEREST OF LANDLORD IN THE BUILDING AND THE PROCEEDS THEREOF, AND IN NO EVENT SHALL TENANT HAVE THE RIGHT TO LEVY EXECUTION AGAINST ANY PROPERTY OF LANDLORD OTHER THAN ITS INTEREST IN THE BUILDING AND THE PROCEEDS THEREOF. 

  
 Page 25 of 27 

 28. Quiet Enjoyment; Access to Premises. Landlord covenants that Tenant
upon keeping and performing each and every covenant, agreement, term, provision and condition herein contained on the part and on behalf of Tenant to be kept and performed, shall quietly enjoy the Demised Premises without disturbance by Landlord or
by any other person lawfully claiming by, through or under Landlord subject to the covenants, agreements, terms, provisions and conditions of this Lease and the effect of the application of same. 

29. Miscellaneous. No termination of this Lease prior to the normal ending thereof, by lapse of time or otherwise, shall
affect Landlord’s right to collect Base Rent or additional rent for the period prior to termination thereof. All rights, powers and privileges conferred under this Lease upon parties hereto shall be cumulative but not restrictive to those given
by law. The failure of either party to exercise any power given to it hereunder, or to insist upon strict performance of any one or more of the obligations under this Lease, or to exercise any election contained in this Lease, shall not be construed
as a waiver or relinquishment of the right to demand strict compliance with the terms hereof for the future performance of the terms and conditions of this Lease or of the right to exercise such election. The receipt and acceptance by Landlord of
Base Rent or additional rent with knowledge of breach by Tenant of any obligation under this Lease shall not be deemed a waiver of such breach. This Lease shall be governed by the laws of the State of Nebraska. “Landlord” as used in
this Lease shall include Landlord, its heirs, representatives, assigns, and successors in interest to Landlord’s interest(s) in and to this Lease and/or to the Premises. In the event that any court of competent jurisdiction shall determine that
any provision of this Lease is invalid, such determination shall not affect the validity of any of its other provisions, which shall remain in full force and effect and which shall be construed as to be valid under applicable law. In no event shall
either party be liable or responsible for consequential, special, indirect, incidental, exemplary or punitive damages arising out of this Lease. Landlord and Tenant hereby waive trial by jury in any action or proceeding arising under this Lease.
This Lease contains the entire agreement of the parties hereto, and no representations, inducements, promises or agreements, oral or otherwise, between the parties, not embodied in this Lease, shall be of any force or effect. This Lease may only be
amended in a writing signed by both parties. This Lease may be executed in multiple counterparts and/or electronically, each of which shall be deemed an original and all of which together shall constitute a single instrument. 

[Signatures Appear on the Following Page] 

  
 Page 26 of 27 

 IN WITNESS WHEREOF, the parties have hereunto set their hands and seals, effective the day
and year first above written. 
  

			
	LANDLORD:
	
	BECTON DICKINSON INFUSION THERAPY INC., a Delaware corporation
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	TENANT:
	
	EMBECTA CORP., a Delaware corporation
		
	By:	 	  

	Name:	 	
	Its:	 	

 BD CONFIDENTIAL 

  
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